ISLAMABAD: President Asif Ali Zardari on Tuesday approved an increase in the salaries and judicial allowances of the judges of Supreme Court and high courts. The President signed the summary at a ceremony here at the Presidency, which was attended among others by Dr. Babar Awan, minister for Law & Justice, Minister for Information and [...]
KARACHI: The Cotton prices surged an all-time high at Rs5600 per maund posting gain of Rs100 in the local market of the country, Wednesday. Cotton hit the record highest point in ten years at 80 cents per pound in US Cotton Exchange as well. Meantime, Indian cotton production dropped 3.2 percent. The cotton price is [...]
The Pound has turned down from week high at 1.5765, giving away more than 80 pips and returning below 1.5700 on a rather downbeat inflation report from the Bank of England, assessing that inflation will remain below target even if interest rates remain at current low levels. The Pound trades at the moment at 1.5680 [...]
NEW YORK: The U.S. economy grew at its fastest pace in six years in the fourth quarter as businesses boosted spending and made less drastic cuts to their inventories. The report signals the national economy has emerged from the longest and deepest downturn since the Great Depression according to John Silvia, Chief Economist, at Wells [...]
Dollar’s pullback from 90.55 high on Thursday has found support at 89.60 low on Asian session and the pair is regaining the upside, extending about 30 pips higher at European session opening and reaching session high at 90.25. In case of confirming above intra-day resistance at 90.15, next resistance levels lie at 90.55 (Jan 26/28 [...]
