20 April 2014

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CNG stations in Sindh reopen after 24-hour closure

CNG stations in Sindh reopen after 24-hour closureKARACHI: All CNG stations in Sindh including Karachi reopened on Saturday at 8 AM after 24-hour closure, According to Sui Southern Gas Company (SSGC) official, the CNG refilling outlets in Sindh were closed on Friday under gas load management plan.

Rupee weakened on Dar’s remarks

Reacting to Federal Finance Minister Ishaq Dar’s interview on television that exporters are feeling uncomfortable with a Rs 96 to a dollar parity and that it should be around Rs 98, PKR weakened on Friday by a rupee against the greenback. The interbank trading was at Rs 97.50 while the gap between the interbank and open market rate remained at one rupee due to a massive conversion by Afghan traders in Peshawar.Those exporters who had sold dollars on a forward basis to banks at Rs

Asian shares rise

HONG KONG Asian markets mostly rose Wednesday following a second straight rally on Wall Street, while Chinese economic growth came in slightly above forecasts in the first three months of the year.Japan s Nikkei led regional gains thanks to a weaker yen after the head of the country s central bank said it was on course to meet its inflation target next year.Tokyo surged 3.01 percent, or 420.87 points, to finish at 14,417.68 and Sydney added 0.6 percent, or 32.1 points, to 5,420.3. Seoul was flat,

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