Oil prices slid in Asian trade Wednesday as traders took profit from recent gains, with weak US energy demand dampening the market's mood despite concerns over tension in Iran and Nigeria, analysts said.New York's main contract, West Texas Intermediate (WTI) crude for delivery in…

The rupee fell sharply on Monday to hit a record low of 91.28 to the dollar, but recovered most of the losses before close on suspected central bank intervention, dealers said.The rupee ended at 90.75/80 to the dollar, down from Friday's close of 90.60/68.…

Oil prices were down in Asian trade Monday on concerns the European debt crisis could worsen, analysts said, amid tensions over Iran's threat to block a vital oil shipping lane.New York's main contract, West Texas Intermediate for delivery in February was down 49 cents…

The euro fell sharply against major currencies in thin Asian trade Thursday after it hit a 10-year low against the Japanese unit in New York.The euro fell to $1.2903 and 100.49 yen in early Tokyo trade, down from $1.2912 and 100.80 yen late Wednesday…

The Karachi Stock Exchange's (KSE) benchmark 100-share index ended 2.30 percent, or 255.01 points, higher at 11,338.05. Turnover rose sharply to 77.8 million shares from only 36.45million traded on Monday.Stocks gained sharply on Tuesday as investors accumulated shares at attractive levels after sharp falls…

The Pakistani rupee hit a record low for the fifth consecutive day on Friday due to increased import payments, the country's bleak economic outlook and an overall weakening of regional currencies."The rupee was traded at 89.02 (to the dollar) and there are some (import)…

The latest bid to find a long-term solution to the US debt crisis looked doomed to fail Sunday as lawmakers remained at odds over cutting social programs and raising taxes on the rich.A bipartisan "supercommittee" is racing against a Wednesday deadline to reach agreement.…

Crude was lower in Asian trade on Monday with traders withdrawing from the market as concerns linger about the depth of the European debt crisis, analysts said.New York's main contract, light sweet crude for delivery in January, fell 32 cents to $97.35 a barrel.…

Crude prices fell in Asian trade Thursday as buyers took profits after an overnight rally saw prices surge to five-month highs, analysts said.New York's main contract, West Texas Intermediate (WTI) light sweet crude for December delivery, fell 41 cents to $102.18 per barrel.Brent…

As part of expanding urban transport system in Lahore, 56 new CNG buses will become operational in the city from today, Geo News reported Tuesday.According to Lahore Transport Company (LTC) Chairman Khawaja Ahmed Hassan, LTC is implementing a plan to provide affordable and efficient…