Business

Powerful selling pressures were witnessed at the Karachi Stock Exchange as all the major indices saw downward trend.

BP said the oil spill in the Gulf of Mexico had already cost it $1.6 billion.

People are increasingly gravitating toward the web browser to accomplish most of their daily tasks.

The US Coast Guard announced on Sunday that it has ordered BP to improve its plan to contain the oil spill in Gulf of Mexico.

Gold prices rebounded by Rs850 in the start of the past week with US jobs data not showing any clear signs of recovery.

For the first time the government has spent about Rs370 billion without the consent of parliament.

The Sindh government, in its budget for 2010-11, has announced a grant of Rs17 million for the Sindh Seed Corporation.

Prime Minister Syed Yusuf Raza Gilani on Friday approved a Rs25 billion bailout package for the Pakistan Steel Mills.

Former Finance Minister Shaukat Tarin said that his nine-point reforms programme has not been included in the budget.

Pakistan’s inflation slowed in May after the government delayed a planned increase in power tariffs.