Economy

  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...

  Dollar flat in Asia after Fed meeting

TOKYO: The dollar hovered in a narrow range in Asia on Thursday, bookended by dip-buying and selling pressure after the US Federal Reserve kept its easing policy unchanged. The greenback was at 101.90 yen in Tokyo, nearly flat from 101.91 yen in New ...

  Tokyo shares open higher after US rally following FOMC

TOKYO: Tokyo shares opened 0.16 percent higher Thursday following rallies overnight on Wall Street, after the Federal Reserve kept its ultra-low interest rate policy. The Nikkei index at the Tokyo Stock Exchange opened up 24.55 points at 15,140.35.Th...

  Oil prices up with Iraq violence in focus

SINGAPORE: Oil prices rose in Asian trade Thursday with escalating violence in Iraq sharply in focus as militants attacked the major crude producer´s biggest refinery and seized more territory. US benchmark West Texas Intermediate (WTI) for July rose...

  Power supply restored in Karachi after major breakdown

KARACHI: The power supply to most parts of the city was restored after three hours following a rare electricity breakdown. The port city plunged into darkness a little after midnight on Thursday owing to multiple grid stations of the K-Electric (prev...

  Asia shares mostly lower, weaker yen boosts Tokyo

HONG KONG: Asian markets were mostly lower on Wednesday as tensions in Iraq dampened buying sentiment and investors await the outcome of the US Federal Reserve´s policy meeting later in the day. The dollar extended gains against the yen after climbin...

  Oil prices mixed

SINGAPORE: Oil prices were mixed in Asia Wednesday as dealers await the US Federal Reserve´s latest policy statement while also tracking ongoing violence in crude producer Iraq. US benchmark West Texas Intermediate for July delivery gained 38 cents t...

  Rumpus in Sindh Assembly on corruption allegations

KARACHI: Speaker Agha Siraj Durani has to abruptly adjourn the house on Wednesday when Sindh Assembly witnessed a rumpus on corruption charges. The sitting was ended amid hullabaloo when treasury members strongly reacted to the remarks of PML-N membe...

  Gilani appears in anti-corruption court in TDAP cases

KARACHI: Former prime minister Yousuf Raza Gilani on Tuesday appeared in the Federal Anti-Corruption Court in the fraud cases pertaining to Trade Development Authority of Pakistan (TDAP), media reported. A large number of Pakistan People’s Party (PPP...

  Oil prices down in Asian trade

SINGAPORE: Oil prices eased in Asian trade Tuesday, but losses were limited as investors fret over a potential supply disruption due to the worsening sectarian violence in key crude producer Iraq. US benchmark West Texas Intermediate for July deliver...

  Dollar firms in Asia on Japan pension overhaul plan

TOKYO: The dollar and euro rose against the yen in Asia on Tuesday as investors bet Japan´s public pension fund, the world´s biggest, will start to shift some of its holdings into foreign assets. In Tokyo, the greenback rose to 102.02 yen from 101.84...

  Hong Kong stocks 0.27 percent lower at open

HONG KONG: Hong Kong stocks dipped 0.27 percent in the opening exchanges Tuesday, ahead of a US Federal Reserve policy meeting and as investors keep an eye on the unfolding crisis in Iraq. The benchmark Hang Seng Index dipped 63.04 points to 23,237.6...

  Asian shares mostly lower on growing Iraq crisis

HONG KONG: Asian markets were mostly lower on Monday as a positive lead from Wall Street was trumped by fears over the growing crisis in Iraq that has sent oil prices to nine-month highs. The uncertainty fuelled by the insurgency that has seized a sw...

  Crude prices rise in Asia on Iraq violence

SINGAPORE: Crude prices rose to nine-month highs in Asian trade Monday as investors kept a wary eye on the worsening crisis in Iraq, where insurgents were advancing on the capital Baghdad. US benchmark West Texas Intermediate for July delivery jumped...

  Yen firms in Asia on Iraq, Ukraine jitters

TOKYO: Traders bought the yen on Monday in Asia as fears grow about violent unrest in Iraq and possible gas supply disruptions in Europe tied to the Ukraine crisis. In Tokyo midday trading, the dollar weakened to 101.86 yen compared with 102.04 yen i...

  6,000 Mexican kids repatriated after illegal border crossings

MEXICO CITY: More than 6,000 Mexican children and teens who crossed unaccompanied and illegally into the United States were repatriated in the first four months of this year, Mexican officials said Saturday. In nearly all cases, the children had alre...

  West to pursue oil investments in Russia despite Ukraine crisis.

MOSCOW: Energy chiefs and political titans gather in Moscow this week for a major conference that will highlight the West´s desire to pursue oil investments in Russia despite the Ukraine crisis. With oil prices hitting nine-month peaks on Friday owin...

  Rs404.80 billion Khyber Pakhtunkhwa budget presented

PESHAWAR: The Khyber Pakhtunkhwa government on Saturday presented Rs404.8 billion budget for 2014-15. The provincial Minister for Finance Sirajul Haq presented the budget at KP Assembly amid protest from opposition benches. Below are the salient feat...

  Qaim Ali Shah presents Rs686 billion outlay Sindh budget

KARACHI: Sindh Chief Minister Qaim Ali Shah on Friday presented budget proposals for the fiscal year 2014-15. During his budget speech in the Sindh Assembly, he said that outlay of the budget would be Rs686 billion. The Sindh government has announced...

  Punjab presents budget for fiscal year 2014-2015

LAHORE: Punjab Finance Minister Mujtaba Shujur Rehman on Friday presented budget for 2014-2015 financial year with an outlay of Rs 1033.70 billion amid protest from the opposition benches. Amid uproar, the finance minister proposed 10 percent increas...


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Feature / Analysis

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