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Friday, May 18, 2012  
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Railways likely to get Rs20bn in upcoming budget
5/18/2012
ISLAMABAD: The cash-starved Pakistan Railways is likely to receive Rs20 billion development funds in the upcoming federal budget 2012/13 against the t

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Forex reserves down by $312m to $16.1 billion
5/18/2012
KARACHI: Pakistan s liquid foreign exchange reserves have declined by $312 million during the week ended May 11 due to repayment against foreign debts

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Pakistan, India working to set up business council
5/18/2012
ISLAMABAD: Secretary Commerce Zafar Mahmud has said that Pakistan and India are working together to constitute Pak-India Joint Business Council with a

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Islamic finance moot today
5/18/2012
KARACHI: Pakistan s first international awareness seminar on Islamic finance and expo will be held on May 18 (today) at the Karachi Expo Centre, a sta

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USC to seek Rs2.5bn Ramazan package
5/18/2012
ISLAMABAD: The Utility Stores Corporation (USC) of Pakistan is going to ask the government for a Rs2.5 billion Ramazan package and will soon hire cons

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Oil stocks lagged KSE
5/18/2012
KARACHI: While the KSE 100-shares index is up by 25.4 percent in 2012, the oil and gas sector has failed to trace the same path and has underperformed

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Rupee gains
5/18/2012
KARACHI: The rupee slightly gained against the dollar on Thursday due to strong supply of foreign currency from financial institutions, said dealers.

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Equities continue losing streak as investors sell oil stocks
5/18/2012
KARACHI: The Karachi Stock Exchange s (KSE) benchmark 100-share index on Thursday extended losses as oil sector stocks remained under pressure but lim

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Sindh procures 1.1m tons of wheat
5/18/2012
KARACHI: The Sindh Food Department has so far procured 1.101 million tons of wheat from the province, which is 84 percent of its total target of 1.3 m

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SECP, Jordan Securities Commission sign deal
5/18/2012
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) and the Jordan Securities Commission (JSC) have signed an memorandum of understan

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PIA MD to convince EASA to avoid second security check
5/18/2012
KARACHI: The local aviation industry has high hopes from Rao Qamar Suleman, managing director of Pakistan International Airlines (PIA), visit of Colog

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Cotton spot rate remains firm
5/18/2012
KARACHI: The local cotton market witnessed dull trading on Thursday, while spot rate remained unchanged, said a dealer. The spot rate stood firm at

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Pakistan provides shortest route to Central Asia
5/18/2012
KARACHI: Central Asia is a very big market for Turkey and Pakistan provides an excellent route to reach Central Asian States, which may become viable

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Japanese group keen to establish industrial zone
5/18/2012
TOKYO: Japanese business group, DTS Inc, has shown interest to establish Japan industrial zone on 250 acres of land in Karachi under the special econo

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NBP leads in agri financing
5/18/2012
ISLAMABAD: The National Bank of Pakistan (NBP) is among the leading banks in agriculture financing among other banks and financial institutions in the

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LCCI slams power tariff hike
5/18/2012
LAHORE: Pakistan has become the only non-oil producing country in the world where bulk of the electricity (around 38 percent) is being produced throug

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Brent trades near four-month low
5/18/2012
SINGAPORE: Brent crude slipped to a near four-month low on Thursday as investors shunned riskier assets following turmoil in Greece and the Eurozone,

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Need stressed to change regulatory regime, energy mix position
5/18/2012
LAHORE: There is a need to change the regulatory regime and energy mix position to overcome the energy crisis being faced by the country, said researc

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EBRD to pick president tasked with banks Arab expansion
5/18/2012
ONDON: An unprecedented tussle to head the European Bank for Reconstruction and Development is set to end Friday, with president Thomas Mirow hoping f

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Growth figures show Japan on recovery track
5/18/2012
TOKYO: Japan s economy grew by a faster-than-expected one percent in the latest quarter, figures showed Thursday, as rising domestic demand and a boos

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Obama warns opponents over debt ceiling showdown
5/18/2012
WASHINGTON: President Barack Obama warned Republican foes Wednesday he would not let Congress hold the US economy “hostage” with a debt-ceiling row li

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Facebook may be economic, jobs driver
5/18/2012
WASHINGTON: Out of thin air, Facebook is evolving into a global driver of jobs and economic growth. But how big is the impact? That s a matter of m

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Asian markets edge higher as Greek fears weigh
5/18/2012
HONG KONG: Asian markets were mostly higher on Thursday as dealers got some upbeat news in data showing Japan s economy grew faster than expected, alt

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Japan bank freezes Iran accounts after court order
5/18/2012
TOKYO: A Japanese bank has halted transactions by the Iranian government after a US court ordered a $2.6 billion asset freeze over the 1983 bombing of

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Briefs....
5/18/2012
Business digest Euro bounces off lows in Asian trade TOKYO: The euro strengthened against the dollar in Asia on Thursday after tumbling to a fou

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Current account deficit swells to $3.39 billion
5/18/2012
KARACHI: Pakistan s current account deficit has increased to $3.394 billion during July–April period as against surplus of $466 million in the corresp

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Invest with Alnoor in Top Projects of Pakistan

Defence Housing Authority - Islamabad
DHA - Lahore
DHA Defence Housing Authority Karachi
DHA Valley Islamabad
DHA Homes, DHA Commercial Ave.
DHA Villas, DHA Overseas valley
Bahria Town
Parkview Lahore
EME Lahore
Central Park Lahore
Johar Town Lahore
Sanghar Housing Project Gawadar
The Centaurus Islamabad
CDA Sectors Islamabad
Wapda Town Lahore
Garden Town Lahore
Valencia Lahore
PCSIR Lahore, Gulberg Lahore
Paragon City Lahore
Lake City Lahore, Eden Housing Projects
Jubilee Town Lahore
Izmir Lahore, Model Town Lahore, LDA Lahore
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