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Dollar slips in Asian trade

Source: Geo News | 27-07-2013

TOKYO: The dollar slipped in Asia on Friday as poor US data weighed, while the euro was mixed after an upbeat German business climate index propelled it higher in New York.

In late morning Tokyo trade, the greenback weakened to 98.81 yen from 99.24 yen in New York on Thursday and above the 100 yen mark this week.

The euro was stronger on the dollar at $1.3283 from $1.3277, while the

single currency dipped to 131.25 yen from 131.75 yen in US trading.

Dubai chosen to host 2020 World Expo

Source: Geo News | 28-11-2013

Dubai will host the 2020 World Expo, becoming the first Middle Eastern city to organize the event in its more than 150-year history. The Gulf emirate bested competing bids from Izmir, Turkey, Sao Paulo, Brazil and Yekaterinburg, Russia after three rounds of voting by delegates of the 168-nation Bureau International des Expositions in Paris. Dubai autho..... Read more

Diamer Bhasha Dam: World Bank, not ADB, presses for seeking Indian NOC

Source: Tribune | 01-03-2013

A move by the Asian Development Bank to bring World Bank on board for co-financing Diamer Bhasha Dam backfired when the World Bank instead asked the ADB to first seek a no-objection certificate from India – a condition that has derailed the project. The ADB has so far faced criticism for asking for Indian NOC at the eleventh hour when Pakistan has a..... Read more

OGRA decides not to close CNG stations on Eid-ul-Fitr

Source: Geo News | 05-08-2013

ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) has decided not to close CNG stations on the occasion of Eid-ul-Fitr in the country. According to reports, official said that decision has been made to facilitate the people to reach their homes to celebrate the Eid with their families. (PPI) Read more

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