Water Level Increases At Mangla, Tarbela Still At Dead Level

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Water Level Increases At Mangla, Tarbela Still At Dead Level:ISLAMABAD: The water level has increased in Tarbela Dam by one and half feet while Tarbela Dam is still at the dead level, Metrological Department officials told SAMAA on Monday.
Metrological Department officials told  that the water level has increased [...]

Sale of New Cars Increases By 68% In January

Pakistan once again started buying cars due to improving purchasing power. New cars’ sale was increased by 68 percent in January. In January, 12,704 cars were sold which is the highest level in the last 15 months. It was 50 percent more as compared to December sales.

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Sale of New Cars Increases By 68% In January was first posted on February 12, 2010 at 12:36 pm.

Thousands Driven From Homes by Floods, Death Toll Increases From 24

Thousands Driven From Homes by Floods, Death Toll Increases From 24, Days of heavy rains in Peru brought continued landslides and flooding in the regions of Ayacucho, Cuzco and Puno, driving hundreds out of their homes.
In Ayacucho, around 100 homes were damaged when the Huantachaca River flowed over its banks and into a neighborhood. Locals crossed a precarious bridge while muddy water blasted the pillars. Roads and homes in the town of Huanta were full of water, mud and debris after the river ran into neighborhoods. I have been trying to bail the water out of my house since three in the morning. Twenty people helped me but I was not able to do it, a resident told. Families walked amongst the rubble of crumbled walls and tried to pull what belongings they could from homes. Local newspapers are reporting the wettest rainy season in 15 years. Thousands of tourists have been trapped at Machu Picchu, but other parts of the Cuzco region have also been hit hard by the rains, with some 13,000 affected by the floods and at least 24 dead. In Zurite in Cuzco, roads were washed out and farmers tried to move their animals to higher ground.

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Thousands Driven From Homes by Floods, Death Toll Increases From 24 was first posted on January 30, 2010 at 4:02 pm.

Investment Choices Seen Tougher in 2010

NEW YORK:  Investment choices will become tougher in 2010, after the easy money reaped across most asset classes this year, as weak credit availability and a high jobless rate temper U.S. economic growth, said moneymanagers at the Reuters Investment Summit in New York.

Without a meaningful pick-up in bank lending, businesses will be hard-pressed to grow at rates typical of a post-recession environment, analysts said.”The concern we have is whether or not people have money to spend, ormoney to borrow,” said Max Darnell, chief investment officer of investment firm First Quadrant.Without improvedaccess to credit, a double-dip recession is possible, said Darnell, whose fund manages nearly $18 billion.Growth inreal gross domestic product in 2010 will likely be 3 percent or slightly higher, because the “velocity” of money, orbank lending, remains low, Bob Doll, vice chairman and chief investment officer of global equities at BlackRock Inc,the world’s largest investment firm, said.

Growth of 5 percent or slightly higher is more typical coming off a recession low.

Also clouding the investment climate, lingering high unemployment and sluggish wage growth are likely to keep a chillon consumer spending, which traditionally is the engine for U.S. growth.As the U.S. equity market enters a phasedriven by fundamental earnings growth, Doll said potential deflation trumps other worries.”We’re past the point wherethe market goes up faster than earnings. … The earnings phase is bumpier, and growth isn’t quite as good,” he said. Poll said the broad-based S&P 500 index could reach 1,200 to 1,300 points in 2010, against Tuesday’s close of 1,091points, helped by companies’ continued efforts to contain costs.The S&P 500 index is up about 64 percent from lowshit in March during the height of the recession and financial panic, as risk aversion has receded.

“We do see a significant amount of upside, but that’s without a whole lot of top-line growth. Corporate America hasshown through productivity and cost-cutting an amazing operating-leverage capability,” Doll said.The U.S. economyexpanded at a 2.8 percent annual rate in the third quarter, snapping four straight quarters of decline.But even afterthe unemployment rate declined unexpectedly in November and job losses were much smaller than expected, thereare concerns that the economy faces a bumpy road.Shawn Kravetz, president of Boston hedge fund EsplanadeCapital LLC, said the economy is not on a glide path higher given continued constraints on consumer spending.

“The consumer has had a stay of execution but there’s still a lot of hard labor yet to come,” he said.
FED ON HOLD FOR NOW

Most strategists agreed that with unemployment high and inflation low, the Federal Reserve would not raise interest rates from current rock-bottom levels, at least for the first half of 2010.Financial markets brought forward the likelytiming of a first Fed move after Friday’s dramatic November payrolls report, to the third quarter of 2010.But KennethVolpert, head of the taxable bond group at giant fund manager Vanguard Group, said the Fed could be on hold for allof 2010.

“We see fairly weak real final demand, which we think is going to lead to a jobless recovery for a prolonged period,”he said, adding that real jobs growth could be five years in the making.Doll said that although the U.S. was the bestpick for investors among the developed world, the higher savings rate and the absence of the “debt noose” madeemerging markets a more favorable investment story for now.”Thank goodness we’ve got the developing world.

Because otherwise, Planet Earth wouldn’t be growing much at all,” he said.

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Investment Choices Seen Tougher in 2010 was first posted on December 9, 2009 at 5:51 pm.

Sale of Petroleum Products Increases by 16 Percent

Sale of Petroleum Products Increases by 16 Percent, During the first five months of current fiscal year, sale of petroleum products reached to 84 lac ton with an increase of 16 percent.
According to data, from July to November, sale of furnace oil was increased by 16 percent and sale of petrol increased by 39 percent. Purchase of fuel for thermal power plants has been increased this year due to energy crisis. Petroleum products sale has been decreased by 13 percent on monthly bases while it has increased on annual bases.

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Sale of Petroleum Products Increases by 16 Percent was first posted on December 9, 2009 at 8:14 pm.

Sale of Petroleum Products Increases by 16 Percent

Sale of Petroleum Products Increases by 16 Percent, During the first five months of current fiscal year, sale of petroleum products reached to 84 lac ton with an increase of 16 percent.
According to data, from July to November, sale of furnace oil was increased by 16 percent and sale of petrol increased by 39 percent. Purchase of fuel for thermal power plants has been increased this year due to energy crisis. Petroleum products sale has been decreased by 13 percent on monthly bases while it has increased on annual bases.

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Sale of Petroleum Products Increases by 16 Percent was first posted on December 9, 2009 at 8:14 pm.

Earthquake In Indonesia Death Toll Increases

CIANJUR: The death toll from a powerful 7.0-magnitude Indonesian earthquake has risen to at least 46, an official said Thursday as rescue workers searched for survivors.

“At least 46 people have been killed so far. We are still searching for the survivors who might still be buried under their houses or buildings,” disaster management agency staff Maman Susanto told foreign news agency.

“About 18,000 houses and buildings have been damaged,” he said.The quake hit off the densely populated island of Java less than 200 kilometers (123 miles) south of Jakarta on Wednesday afternoon.

Thousands of people fled homes, shopping centres and office towers across West Java province and in the capital Jakarta, where high-rise buildings swayed violently for at least a minute.

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Earthquake In Indonesia Death Toll Increases was first posted on September 3, 2009 at 1:39 pm.
©2009 “Pakistan News“.