TOKYO: Asian shares fell for a third straight day on Wednesday as investors reduced their risk positions due to uncertainty over global growth prospects and resurfacing worries about debt restructuring in struggling euro zone economies.

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KARACHI: The first quarter of the year 2012 remained the blessing for the investors at Karachi Stock Exchange (KSE) as the Index has rebounded sharply amid huge influx of retail investors in the market. The KSE-100 increased by 21 percent during first quarter (Jan-Mar), its highest gains in preceding 10 quarters.

SINGAPORE: Malaysian palm oil futures climbed to an almost 13-month high on Wednesday, as traders continued to bet on a brighter demand outlook for palm oil following expectations of a smaller soybean crop in coming months. The U.S.

KARACHI: Pakistan cotton prices increased with improved volumes during trading session on Tuesday. Rates are expected to stay firm at current levels due to decline in unsold stock. In case of further increase in demand, rates may go up.

TOKYO: Asian shares fell on Wednesday after the minutes from the U.S. Federal Reserve's March meeting reduced expectations of further stimulus measures to spur growth, leaving investors looking for more clues to the global economic outlook. European equity markets will likely follow the weak Asian mood, with financial spread betters predicting major European markets to open as much as 0.8 percent lower.

TOKYO: Asian shares fell on Wednesday after the minutes from the U.S. Federal Reserve's March meeting reduced expectations of further stimulus measures to spur growth, leaving investors looking for more clues to the global economic outlook. European equity markets will likely follow the weak Asian mood, with financial spread betters predicting major European markets to open as much as 0.8 percent lower.

KARACHI: The massive improvement in tax collection during the first quarter of the current fiscal year has prompted the Federal Board of Revenue (FBR) to set a higher revenue collection target of Rs 477.1 billion for the second quarter to meet the tax target of Rs 1952 billion for the current fiscal year.

KARACHI: Despite 80 percent loss to cotton crop in Sindh because of torrential rains and floods, 12.5 million bales are still expected to be produced by the country this year, with 10 million bales from Punjab and 2.5 million bales from Sindh.

KUALA LUMPUR: Prime Minister Datuk Seri Najib Tun Razak on Friday unveiled the 2012 Budget of Malaysia in which sukuk (Islamic bond) market, has emerged as a feather in the cap for Malaysia's Islamic finance.

KARACHI: Brisk buying at cotton market pushed rates up. The prices at Karachi Cotton Association (KCA) surged by Rs 100 to Rs 6,200 on Friday, dealers said.

CANBERA: Crescent Wealth, Australia's first Islamic wealth manager, have announced the launch of the nation's first Islamic Australian equity fund creating a new opportunity in the superannuation industry, and tapping the potential for Australians to access the $1.4 trillion global Islamic financial services market.

ISLAMABAD: Pakistan Telecommunication Company Limited (PTCL) to supply Information and Communication Technologies (ICT) services to Dera Ghazi Khan Cement (DGKC).

Gross Refinery Margins (GRMs) for local refineries improved by 11 percent quarter on quarter (QoQ) at $3 per barrel in the first quarter of the financial year 2011-2012 (1QFY11-12) as compared to $2.7 per barrel reported in the previous quarter.

KARACHI: A ship carrying 27,420 metric tonnes of urea imported by Trading Corporation of Pakistan (TCP) has arrived at Gwadar Port on Wednesday.

SINGAPORE: Brent crude stayed firm above $105.50, boosted by Europe's move to shore up ailing banks and expectations that the U.S. economy may not be sliding into recession.

ISLAMABAD: Identifying the investment opportunities in alternate energy, National Electric Power Regulatory Authority (Nepra) has approved upfront tariffs for wind power projects on Thursday.

SINGAPORE: Gold headed for its biggest weekly gain in a month as equities regained strength after fresh efforts by Europe to resolve its debt crisis eased nagging worries about a global recession, while purchases from jewelers offered additional support.

KARACHI: Following footprints of New York (NY) cotton in the international market Pakistan cotton prices also moved upwards on Thursday.

SINGAPORE: Asian stocks rose on Friday and the euro clung to gains from a 2-cent rally after euro zone policymakers moved to shore up struggling banks and fend off a financial crisis.

KARACHI: Market is expected to remain range bound as the investors will adopt precautionary measures and prefer to be sideline ahead of monetary policy.