KARACHI: Pakistan Petroleum Limited (PPL) made two new gas and condensate discoveries, namely Makori East-1 and Tolanj X-1, during the fiscal year ended on June 30, 2011, reported in company's annual report.
KARACHI: Fauji Fertilizer Bin Qasim Ltd (FFBL) has declared the "Closed Period" from October 17, 2011 to October 25, 2011 (both days inclusive) in a notice issued to Karachi Stock Exchange on Friday.
KARACHI: Safe Mix Concrete Products Limited (SMCPL) has announced financial results for the year ended June 30, 2011, said the notice issued by the company to Karachi Stock exchange (KSE) on Friday.
SINGAPORE: Gold jumped more than 1 percent on Friday after Germany approved the expansion of the euro zone bailout fund, offering temporary relief to investors, but the precious metal was heading for its worst monthly decline in three years.
HONG KONG: Asian stocks fell on Friday, extending the worst monthly performance since the most volatile days of the global financial crisis in October 2008, with Chinese shares racking up sharp losses.
KARACHI: Noon Pakistan Limited (NOPK) profits for the year surged by 52.28 percent year on year (YoY) to Rs 41.551 million in the financial year 2011 (FY11) as compared to Rs 27.285 million reported in the previous year.
ISLAMABAD: Pakistan's economic outlook is positive, however needs adherence to the national economic reforms agenda to overcome the challenges it has been facing currently, newly appointed Country Director Asian Development Bank (ADB) said here on Thursday.
ISLAMABAD: Pakistan Telecommunication Company Limited (PTCL) will provide Business Virtual Private Network (VPN) services to facilitate telemedicine project for public hospitals across Pakistan through the Electronic Government Directorate.
SINGAPORE: Brent crude rose above $104 a barrel on Friday on positive economic news, but prices this quarter remain on track for their biggest drop in 15 months on concerns that a slowing global economy will undercut fuel demand.
KARACHI:Pakistan's foreign exchange reserves fell to $17.38 billion in the week ending Sept. 24 from $17.64 billion the previous week, the central bank said on Thursday.
Pakistan refinery sector production fell by 18 percent 2MFY11-12
Pakistan refinery sector production fell by 18 percent as it stood at 1.2 million tons in first two months of fiscal year 2011-12 (2MFY11-12) as compared to 1.4 million tons in the corresponding period last year.
However, in the month of August, Pakistan's refinery production slashed by 28 percent month on month (MoM).
KARACHI: Fertilizer offtake improved by nominal 4 percent YoY to 5.12 million tons during eight months of calendar year Jan-Aug as compared to 4.95 million tons in the same period last year, according to the latest figures disclosed by National Fertilizer Development Centre (NDFC).
ISLAMABAD: The Oil and Gas Development Company (OGDCL) has claimed to be the best exploration company worldwide for registering successful discoveries with finding one well productive out of four.
SINGAPORE: Brent crude fell to near $103 on Thursday, declining for a second day after a bigger-than-expected increase in U.S. stockpiles heightened concern that demand may slow and doubts over the eurozone rescue fund weighed on confidence.