July-October CPI inflation rises by 11.34 percent

The CPI inflation increased by 11.34 percent in July-October (2011-12) over the same period last year on the back of rise in the prices of food and non-food commodities, according to the Federal Bureau of Statistics (FBS). more... (BR)

Alerts ‘Emerging markets like Pakistan are growth engines’

Emerging markets like Pakistan are a growth engine for SAP, a Germany-based business software company, said SAP Country Liaison Manager Hasan Latif Jamal, in an interview with The Express Tribune on Wednesday, at the backdrop of SAP World Tour 2011. more... (ET)

High input prices, water problems: Farmers highlight production issues

Small farmers are facing a host of issues which include poverty, high fertiliser and electricity prices, lack of canal water and absence of a price mechanism for agricultural inputs and these problems need a solution in order to increase farm production and ensure food security. more... (ET)

Business community welcomes MFN status to India

Industrialists and business community have reacted positively to the cabinet’s decision to grant India the most favoured nation (MFN) status, though they did have some reservations. more... (ET)

Refining margins decline 7% in October

Local refineries’ gross refining margins declined 7% to $5.39 per barrel in October on a monthly basis. more... (ET)

U-turn: Engro takes back urea price increase

Engro Fertilizers has rolled back the recent increase in urea price following government’s assurances that gas needs of the company’s large Deharki plant will be met. more... (ET)

Seedless variety to boost kinnow exports to $ 1bn

With the introduction of seedless citrus variety, country's kinnow exports are expected to grow multifold and get share of $1 billion in the world citrus market. Currently, the world market for citrus more... (BR)

Pakistan IT exports up 32.6% in Q1FY12

Pakistan’s exports of information technology (IT) and IT-enabled services witnessed an outstanding growth of 32.6 percent in the first quarter of 2011-12 compared with the corresponding period of past financial year, reflecting improving penetration of local IT companies in different countries of the world. more... (DT)

PM to meet railways high-ups today

Prime Minister Yousuf Raza Gilani will be meeting Pakistan Railways high-ups in Islamabad on Thursday (today) to ascertain the causes of the present state of affairs of the organisation. more... (D)

618 NAB cases still pending, Senate told

The Senate was told on Tuesday that 618 inquiries, including some that date back as long as a decade, were still pending with the National Accountability Bureau. The house also heard that cases pending for five years or more would be closed as soon as possible. more... (ET)

Pakistan looks to restrict Haqqanis’ movement

The United States, it seems, has been successful in winning Pakistan’s support to curtail the Haqqani network. more... (ET)

Corruption, plundering has shaken country’s foundations: Shahbaz

Punjab Chief Minister (CM) Shahbaz Sharif on Wednesday said that corruption, nepotism and plundering of national resources had shaken the foundations of the country. more... (DT)

Qatar joins Mexico in oil hedge plan

Getting a fair price for a barrel of oil is a key issue for exporting countries. This was one of the main factors that led to the establishment of the Organisation of Petroleum Exporting Countries (Opec). In 1960, oil was extremely cheap, not more than $2 per barrel. more... (Gulf News)

Deyaar posts Dh45m profit as revenues rise, costs fall

Deyaar Development made a profit of Dh45 million in the first nine months of 2011 and is poised to deliver two towers by year-end, the company said in a statement to Dubai's bourse yesterday. more... (Gulf News)

Some UAE banks file cases against mortgagors of foreclosed properties

Some conventional and Islamic banks in the UAE have started filing cases against mortgagors of foreclosed properties in order to recoup their losses, 'Emirates24|7' has learnt. more... (Zawya)

Foreign trade forms 69% of UAE’s GDP

Abu Dhabi Foreign trade accounted for 69 per cent of the UAE’s GDP last year. This has helped strengthen the country’s position among the world’s top 30 economies ranked by the World Trade Organisation, said Shaikha Lubna Al Qasimi, UAE Minister of Foreign Trade. more... (Zawya)