Economy

  Dollar moves narrowly in Asia trade

TOKYO: The dollar held up against the yen and euro in Asia on Wednesday as dealers await the release of key US data later in the week. The greenback was changing hands at 101.91 yen in Tokyo afternoon trade, marginally down from 101.98 yen in New Yor...

  Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asia Thursday ahead of the release of fresh US economic data, while investors are optimistic following the a report that Washing is to lift a decades-old crude export ban. US benchmark West Texas Intermediate rose ...

  Dollar edges down in Asia trade

TOKYO: The dollar edged down in Asia on Thursday as Japanese exporters bought up the yen and following data showing the US economy shrunk at a faster rate than initially thought in the first quarter of the year. The greenback was changing hands at 10...

  Asia shares rebound after Wall St rally

HONG KONG: Asian markets climbed Thursday, boosted by bargain hunting and a positive lead from Wall Street that came despite a worse than expected first-quarter contraction in the US economy. Tokyo rose 0.15 percent, Hong Kong added 0.33 percent, Syd...

  Asia shares slip on profit-taking as Wall St retreats

HONG KONG: Asian markets slipped Wednesday following the previous day´s gains, while investors took their lead from losses on Wall Street as the dollar edged down against the yen. US oil prices moved higher on worries following a report that Washingt...

  US oil climbs on oil exports report

SINGAPORE: US oil prices climbed in Asia Wednesday following a report that the United States, the world´s top crude consumer, has lifted a four-decade ban on exports. US benchmark West Texas Intermediate (WTI) for August delivery rose 70 cents to $10...

  Asia shares mixed after soft Wall St lead

HONG KONG: Asian markets were mixed on Tuesday following a tepid lead from Wall Street, with Hong Kong bouncing back slightly from the previous day´s sell-off. The euro and dollar edged down against the yen after a broadly downbeat batch of economic ...

  Oil prices fall on easing Iraq supply fears

SINGAPORE: Oil prices extended losses in Asia Tuesday on fading fears that the fast-moving crisis in crude producer Iraq could result in a major supply disruption, analysts said. US benchmark West Texas Intermediate (WTI) was down 47 cents at $105.70...

  SC seeks removal of encroachments from Karachi state land

KARACHI: The Supreme Court SC on Tuesday allowed six month time to Sindh Board of Revenue SBR to reclaim the state land in Karachi encroached by various federal and provincial institutions. A three member bench of SC headed by Chief Justice of Pakist...

  Reduction in power tariff approved by NEPRA

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has announced a decrease in power tariffs for consumers across Pakistan with the exception of K-Electric consumers in Karachi. The power regulator on Tuesday announced an 82 paisa re...

  Oil prices firm on Iraq tensions

SINGAPORE: Oil prices edged higher in Asia Monday on continued violence in Iraq, but gains were capped as the risk premium associated with the crisis in the key crude producer is already factored in, analysts said. US benchmark West Texas Intermediat...

  Son of former Philippines leader arrested in graft scandal

MANILA: Philippine police detained Monday the senator son of former president Joseph Estrada, the second high-profile official arrested within days over a massive corruption scandal. Senator Jose "Jinggoy" Estrada, 51, gave himself up to police after...

  $960 million approved by US Senate panel for Pakistan

WASHINGTON: A powerful congressional panel has approved nearly $960 million in US aid for Pakistan in the 2015 fiscal year that will target unemployment, illiteracy, and disenfranchisement among the most impoverished individuals and communities. The ...

  National Assembly approves Finance Bill 2014-15

ISLAMABAD: The National Assembly on Saturday approved the Finance Bill for fiscal year 2014-15 with total outlay of Rs 4.3 trillion, accepting some amendments moved by the government and rejecting all ones from the opposition benches. Following nine-...

  Australia offers asylum-seekers $10k to return home: report

SYDNEY: Australia is offering asylum-seekers in its Pacific immigration camps up to $10,000 (US$9,400) if they voluntarily return to their home country, a report said Saturday, prompting outrage from refugee campaigners. Fairfax Media reported that t...

  PM Nawaz inaugurates Laptop Scheme in Islamabad

ISLAMABAD: Prime Minister Mian Nawaz Sharif has formally launched the Laptop Scheme under Prime Minister's Youth Programme in Islamabad on Friday, media reported. The first ever national level scheme will be supervised by Maryam Nawaz Sharif who is a...

  Rawalpindi: Woman in a stampede dies of electrocution

RAWALPINDI: A woman died of electrocution and three others got injured following a stampede during the distribution of ration on Friday morning here, media reported. Sources said that the stampede occurred during the distribution of ration on the Har...

  Dollar edges down in Asia

TOKYO: The dollar edged down in Asia Friday, extending losses in New York that were driven by dovish comments from the head of the US Federal Reserve that indicated interest rates will not go up until next year. In afternoon Tokyo trade, the dollar b...

  Oil mixed in Asia

SINGAPORE: Oil prices were mixed in Asia Friday but retained support near a nine-month peak as dealers track the unfolding sectarian conflict in Iraq fearing it could cause a major supply disruption. Brent crude for August eased 15 cents to $114.91 i...

  Rs215bn Balochistan budget for 2014-15 presented

QUETTA: The coalition government of Balochistan presented Rs215.713 billion deficit budget for financial year 2014-15 here in the assembly session on Thursday evening. Speaker Mir Jan Muhammad Jamali presided over the budget session. Advisor to Chief...


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