Economy

Earning hopes keep the ball rolling for Pakistan stocks

KARACHI: Hopes of lucrative earnings ahead of corporate results kept the ball rolling at Karachi Stock Exchange (KSE) here on the rollover day, media reported. The benchmark KSE-100 Index scored 22.59 positive points, to close at 18,636.03 points, wh...

Oil prices mixed in Asia

SINGAPORE: Oil prices were mixed in Asia on Friday as traders waited cautiously for the release of US jobs data for March later in the day, analysts said. New York's main contract, West Texas Intermediate light sweet crude for delivery in May, shed 1...

District Admin holds 95 persons for flouting rules

PESHAWAR: District administration arrested 95 persons including butchers and steak sellers for violation of meat holiday from different parts of the provincial metropolis, said a press release issued here on Thursday. According to details Deputy Comm...

CDA for speedy Kashmir Highway expansion

ISLAMABAD: The Capital Development Authority (CDA) has directed the contractors to speed up the expansion f Kashmir Highway project. Talking to media, the CDA spokesperson said that expansion work of Kashmir highway would be completed by December thi...

Khawaja Sharif inaugurates free dispensary in Lahore

LAHORE: Justice (retd) Khawaja Muhammad Sharif has said help of deprived people is a moral duty of all of the fellow countrymen. All members of society should come forward and serve the ailinghumanity. He was speaking at the inauguration ceremony of ...

Rs300mn development project launched in Quetta

QUETTA: Chairman National Disaster Management Authority (NDMA) Major General Saeed Alam performed the ground-breaking ceremony of Rs300 million project to be completed under the aegis of World Food Program (WFP) aimed at strengthen the capacities of ...

LESCO power shortfall exceeds 2000MW

LAHORE: Several areas of Lahore plunged into darkness after more than 100 electricity distribution feeders’ closure, media reported. These areas included Wapda Town, Township, Green Town, Johar Town, Thokar Niaz Baig and others. Sources said LESCO po...

CNG pumps in Sindh to remain closed for 24 hours

KARACHI: All CNG stations across Sindh including Karachi would remain closed for 24 hours from 8:00 AM today (Thursday), media reported. According to Sui Southern Gas Company (SSGC), CNG filling would be closed under load management plan and would re...

Foreign reserves stood at $12 billion on March 29: SBP

KARACHI: Pakistan’s total liquid foreign exchange reserves stood at $12,202.3 million on March 29, 2013, media reported. According to a statement issued by State Bank of Pakistan (SBP), the foreign reserves held by the central bank were $7128.1 milli...

Oil mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asia on Thursday as the market recovered after a snap reaction to data showing an unexpected surge in US inventories, a sign of weaker demand, analysts said. New York's main contract, light sweet crude for delivery...

KSE-100 Index edges up in a range-bound session

KARACHI: Cement manufacturers helped Karachi Stock Exchange consolidate itself somewhat in a range-bound session here on Thursday, media reported. The benchmark KSE-100 Index ended 0.20 percent, or 37.56 points, higher at 18,613.44 points. Among the ...

Stop aid to Pakistan unless more pay taxes: Britain

LONDON: Britain should not go ahead with a major increase in aid to Pakistan unless Islamabad makes its wealthier citizens pay more taxes, British lawmakers said on Thursday. Britain is due to double its assistance to Pakistan to #446 million ($675 m...

Nawaz Sharif assets grew by 956 million during one year

LAHORE: Assets of Pakistan Muslim League-Nawaz President Nawaz Sharif grew by Rs956 million during one year and he owns three vehicles and a tractor. Mr Sharif gave these details in his nomination paper and according to a Geo News report he showed hi...

'Everything on table' as US cuts defense: Hagel

WASHINGTON: US Defense Secretary Chuck Hagel on Wednesday said the Pentagon must "put everything on the table" as it struggles to digest major spending cuts forced by last month's sequester. In a major strategy address delivered at the National Defen...

BOP case: SC summons former directors

ISLAMABAD: Supreme Court (SC) has summoned four ex-directors of Bank of Punjab (BOP) to appear before the court in next hearing of Bank of Punjab (BOP) case, media reported on Wednesday. According to details, three-member bench of the apex court, led...

SC seeks report over failure to arrest Tauqir Sadiq

ISLAMABAD: A division bench of the Supreme Court of Pakistan on Wednesday took exception to authorities’ failure in bringing Tauqir Sadiq, former OGRA chairman who is allegedly involved in Rs82 billion corruption case, back to Pakistan. The bench hea...

SC summons bail records of Amin Fahim, Mohsin Warriach

ISLAMABAD: The Supreme Court of Pakistan has summoned the bail records of former Commerce Minister Amin Fahim and Mohsin Warriach in the NICL scam case. During proceedings, Chief Justice Iftikhar Muhammad Chaudhry asked how bail was being granted wit...

Oil down in Asian trade

SINGAPORE: Oil was down in Asia on Wednesday as a pipeline closure in the United States led to fears that inventories could rise and investors waited for the release of US payrolls data. The market is also eyeing a policy meeting on Thursday of the E...

Dollar firms in Asia

TOKYO: The dollar firmed against the yen and euro in Asia Wednesday, boosted by solid US economic data and a bleak outlook for the troubled eurozone as the Bank of Japan starts a two-day policy meeting. In Tokyo afternoon trade the dollar bought 93.5...

UN General Assembly adopts historic arms trade treaty

New York: The UN General Assembly has approved the first global treaty to regulate international trade in conventional weapons, the UN News Centre said. The resolution containing the text of the treaty was approved by 154 "yes" votes with the simple ...

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