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Archive for  December 2012

  • Cocoa futures extended their losses to set multi-month lows on Thursday on technical selling after falling below key 200-day moving averages, with the markets in both London and New York facing their first weak quarterly

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  • Gold edged higher on Wednesday as thin post-Christmas trading and anticipation that a US budget deal might be done before the end of the year supported bullion prices. In gold futures, the benchmark February contract

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  • Gold inched down in thin trade on Thursday, with investors keeping a close eye on talks between the White House and Congress to prevent the US economy from plunging into recession next year. Gold fell

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  • Gold eased on Thursday, staying in sight of last week's four-month lows as investors focused on talks between the White House and Congress to prevent the US economy from plunging into recession next year. Republican

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  • Chicago soyabeans edged higher on Thursday on expectations for a rebound in Chinese demand, adding to a big full-year gain, while wheat extended its fall to a new six-month low. Corn was down slightly after

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  • Gold extended losses slightly after positive US jobs data on Thursday, and stayed in sight of last week's four-month lows as investors focused on talks to prevent the US economy from plunging into recession. The

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    • News Desk
    • Dec 28th, 2012
    • Comments Off on Crops’ production targets not achieved: agriculture sector suffers losses worth Rs 219 billion this year

    Terming the year 2012 as bleakest year for Agriculture, Agri Forum Pakistan (AFP) claimed that the sector suffered Rs 219 billion losses this year in shape of failure in attaining the production targets set for

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    • News Desk
    • Dec 28th, 2012
    • Comments Off on AML chief says unity crucial for positive change

    All religio-political groups should unify well before the setting up of caretaker government, otherwise there is no hope for a positive change, chief of Awami Muslim League Shaikh Rashid Ahmed said on Thursday. He warned

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    • News Desk
    • Dec 28th, 2012
    • Comments Off on Imtiaz made new boss: services of Pral CEO Nasiruddin terminated

    The Federal Board of Revenue has terminated the services of Chief Executive Officer Pakistan Revenue Automation (Pvt) Ltd - Pral Nasiruddin Khan with immediate effect and appointed Imtiaz Ahmad Khan (General Manager Pral) as new

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    • News Desk
    • Dec 28th, 2012
    • Comments Off on Fraudulent refund claims: internal control mechanism helps FBR save Rs 1.586 billion

    The internal control mechanism of the Federal Board of Revenue has helped save Rs 1.586 billion in less than one year through effective implementation of pre-emptive system to stop fraudulent sales tax refund claims. Sources

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