Archive of May 2012

US same-store sales up in May, but shoppers careful

NEW YORK: Low prices and good deals helped wary US consumers overcome their growing anxiety about the economy in May, leading to stronger-than-expected sales for...

Deepening crisis forces Merkel to re-examine euro taboos

BERLIN: How far is Germany prepared to go to save the euro zone? With Greece's future in the single currency bloc in doubt, Spain scrambling to...

Price of Petroleum products slashed

ISLAMABAD: Government of Pakistan on Thursday decided to reduce the price of petroleum products, Business Recorder reported. The cut in prices would take effect from the...

Economic Survey: Pakistan records 3.7pc growth rate

ISLAMABAD: Pakistan's economy grew by 3.7 percent in the current fiscal year with tax collection up an "unprecedented" 25 percent, Finance Minister Abdul Hafeez Shaikh...

US says officers return to Pakistan

WASHINGTON: The United States said Thursday that Pakistan has let back in two officers to work with its military after a six-month gap, in what...

Punjab Teachers Association demands 200pc increase in stipends

MULTAN: Punjab Educators Association has demanded 200% increase in their stipends in the budget for next fiscal year 2012-13, confirmation of their jobs and providing...

Tel Aviv buzzing as Madonna kicks off MDNA world tour

TEL AVIV: In a black trouser suit and with her hair down, US pop icon Madonna hit the stage in front of an adoring Tel...

Manufacturing sector grew by 3.6pc

ISLAMABAD: The manufacturing sector posted a growth rate of 3.56 percent during the current fiscal year July-March 2011-12 as against the growth of 2.96 percent...

Poultry sector faces Rs10 billion loss in four months

MULTAN: The country's poultry sector has faced about Rs 10 billion loss in just past four months due to spreading of Newcastle (Ranikhet) disease a...

Cement production increased to 44mn tonnes in 2011-12: Hafeez

ISLAMABAD: Minister for Finance Dr Hafeez Shaikh on Thursday said that cement production capacity in the country increased to 44 million tonnes in 2011-12 from...