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Oil higher as military action on Syria looms

Source: Geo News | 28-08-2013

SINGAPORE: Oil rose to fresh multi-month highs in Asian trade on Wednesday as Western powers prepared for possible military action against Syria over the regime's alleged use of chemical weapons.

Analysts say a military strike targeting President Bashar al-Assad's regime could further ratchet up tensions in the oil-producing Middle East, already wracked by the festering political crisis in Egypt.

New York's main contract, West Texas Intermediate (WTI) for delivery in

October, was up $1.26 to $110.27 a barrel in mid-morning trade after reaching its highest level in 18 months in US trade Tuesday.

Brent North Sea crude for October added $1.54 to $115.90, after hitting its highest price in six months the day before.

Pakistan needs to be active in global halal market

Source: The Nation | 13-01-2013

Pakistan is still developing its own halal standards and there is no official halal certification body in Pakistan. The countries with Muslims majority are the most obvious target market for halal products especially for meat and meat products. However, Muslims living outside the Sub continent and Middle East are more in need of halal products and s..... Read more

US stocks at new records on Fed 's Yellen's testimony

Source: Geo News | 15-11-2013

US stocks Thursday barrelled to fresh records, shrugging off some disappointing earnings results amid greater confidence the Federal Reserve will wait longer before scaling back an aggressive stimulus program. At the closing bell, the Dow Jones Industrial Average tacked on 55.10 points (0.35 percent) at 15,876.73. The broad-based S&P 500 rose 8.59 ..... Read more

Seafood production registers negative growth of 24pc

Source: The Nation | 11-02-2013

The seafood production has registered a negative growth during last financial year and its output was drooped by 24 per cent, as target was set at 0.73 million tons in 2012-13 in the country. Seafood industry experts said that around 0.26 million ton of inland and 0.47 tons of marine fish production is estimated during the year 2012-13 to fulfil the domes..... Read more

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