Zuckerberg marked the debut of his company's shares at the company's Silicon Valley campus, symbolically ringing the opening bell for stock trading on Friday morning. SAN FRANCISCO, USA: The historic initial public offering (IPO) of Facebook Inc did not go as planned on Friday, as the social networking company’s sky-high valuation combined with trading glitches left the stock languishing near its offering p ...

Ogra reduced the gas price for consumers of SNGPL by 10.37%, SSGC by 7.95%. ISLAMABAD:The Oil and Gas Regulatory Authority (Ogra) has decided to slash gas prices by over 10% starting July 1. In separate decisions announced on Friday, Ogra reduced the gas price for consumers of Sui Northern Gas Company Limited (SNGPL) by 10.37%, to Rs47.52 per million metric British thermal units (mmbtu), and by 7.95% to Rs3 ...

Mill owners increase price of staple by Rs4.25 per kg on pretext of rise in cost of grain, power tariff, and diesel. LAHORE:The Punjab Flour Mills Association (PFMA) has increased the price of a 20kilogrames (kg) bag by Rs85 or Rs4.25 per kg. The PFMA has taken the step in the wake of increase in the wheat price in the open market and the Punjab Chief Minister’s decision of not allowing an increase in the f ...

European stock markets have experienced a sharp decline as concerns over political turmoil in Greece continue to spread across member states of the European Union. On Thursday, stocks in London, Frankfurt, Paris, Madrid, and several other European nations plunged over worries that Greece may have to leave the eurozone as a result of the ongoing financial crisis in the country, The Wall Street Journalreporte ...

The 1,735-kilometre (1,078-mile) pipeline is likely to be operational by 2016. NEW DELHI: The Indian government removed a major stumbling block in completing an intra-continent gas supply line, after its cabinet approved a deal to buy natural gas from Turkmenistan via the $7.6 billion pipeline which will pass through Afghanistan and Pakistan, reports said on Thursday. The cabinet approved the signing of the ...

KARACHI:  Advocating its commitment of spreading smiles and bringing joy to the children across Pakistan, Ufone recently held a fun carnival for the children of SOS village to inaugurate the recently developed play area.   SOS Pakistan recently built a new establishment boasting a spectacular facility but was in dire need for swings for the children to enjoy. Ufone took up the task of putting up the sw ...

KARACHI: Sindh Enterprise Development Fund (SEDF) inked a Memorandum of Understanding with Agribusiness Support Fund (ASF) under USAID s Agribusiness Project, for cooperation in the areas of agriculture and agribusiness sector with particular focus on Small and Medium Enterprises on Wednesday. Agribusiness Support Fund is implementing a 5 year development program with support from USAID. The project is desi ...

ISLAMABAD: Pakistan stocks dropped on Wednesday, with the market wary of selling by foreign investors given the bearish trend in the region, dealers said. The Karachi Stock Exchange (KSE) benchmark 100-share index ended 1.63 per cent, or 232.6 points, lower at 14,081.07, with a volume of 110.6 million shares, compared to Tuesday’s close of 14,313.67 points. “Investors trimmed their position as they fear mor ...

An Emirati official says sanctions slapped against Iran over its nuclear energy program have had adverse effects on Dubai's economy. "It's still moderate in terms of trade but we are closely watching the number how it is affecting the near term and the long term as well," Hani al-Hamli, secretary general of Dubai Economic Council, said on Monday. "How much? I do not recall the numbers," he told reporters on ...

ISLAMABAD:A barter trade arrangement between Pakistan and Iran has hit a stumbling block before it could take off, as Iran has declared that Pakistan’s wheat is of low quality and has asked it to pay cash for urea supply instead of wheat. Briefing a meeting of the National Assembly Standing Committee on National Food Security and Research chaired by Javed Iqbal Warraich here on Tuesday, Food Security Secret ...