Economy

  Parts of Karachi plunge into darkness

KARACHI: Various areas of Karachi plunged into darkness after high tension transmission line tripped here Monday, media reported. According to K-Electric, formerly Karachi Electric Supply Company (KESC), spokesman, power supply from 13 out of 62 grid...

  ANF arrest seven drug smugglers including two foreigners

ISLAMABAD: Anti Narcotics Force (ANF) recovering 16 kg heroin, 8.4 kg charas and 1.2 kg opium arrested seven drug smugglers including two foreigners. According to detail, ANF Peshawar Airport team arrested Muhammad Ejaz at Peshawar Airport and recove...

  Tokyo shares open 0.83 percent higher

TOKYO: Tokyo shares opened higher Monday, lifted by a rally on Wall Street and a higher dollar. The headline Nikkei index at the Tokyo Stock Exchange rose 0.83 percent or 119.96 points to 14,582.13 in the first few minutes of trade. The strong start ...

  Oil prices down in Asian trade

SINGAPORE: Oil prices edged lower in subdued Asian trade Monday but retained support from concerns about a crisis in Libya as well as an upbeat demand outlook in the US, analysts said. The US benchmark, West Texas Intermediate (WTI) for delivery in J...

  PSDP allocation is likely at Rs1.175 trn

ISLAMABAD: The government allocation for Public Sector Development Programme (PSDP) is likely to be set at Rs1.175 trillion in the upcoming budget. The Annual Plan Coordination Committee, which will meet under the chairmanship of Ahsan Iqbal, is set ...

  Hong Kong stocks 0.25 percent higher at open

HONG KONG: Hong Kong shares rose 0.25 percent in early exchanges on Friday, extending the previous day´s gains and following another pick-up in New York. The benchmark Hang Seng Index added 56.69 points to 23,010.45 in the first few minutes....

  FIA seizes illegally published books in Lahore

LAHORE: The Federal Investigation Agency (FIA) raided a godown in Bilalganj area of the city, seizing thousands of illegally published books. Police said that the raid was conducted under Copy Right Ordinance. They said that books worth millions of r...

  Crude prices eased in Asia

SINGAPORE: Oil prices slipped in Asian trade Thursday following healthy gains in London and New York, but losses were limited as investors were cheered by signs of a recovery in China´s manufacturing sector. The US benchmark, West Texas Intermediate ...

  PM awards 3G, 4G licences

ISLAMABAD: Prime Minister Nawaz Sharif has awarded 3G and 4G mobile spectrum licences to mobile companies who had successful bids. During a ceremony to award the licences, Prime Minister Nawaz Sharif said Pakistan had joined the list of countries wit...

  Metro Train project a milestone in Pakistan’s history: CM Shahbaz

SHANGHAI: After successfully launching the project of Metro Bus in Punjab, Chief Minister Punjab Shahbaz Shairf signed an agreement with China for Metro Train project in Shanghai, media reported on Thursday. CM Punjab Shahbaz Sharif and the chairman ...

  Dollar gains in Asia on Fed meeting minutes

TOKYO: The dollar rallied in Asia Thursday after solid Chinese data and minutes from the Federal Reserve´s April policy meeting that showed it would forge ahead with a cautious wind-down of its stimulus programme. In Tokyo, the greenback rose to 101....

  Pakistan signs agreement with China for Metro Train

Shanghai: Pakistan has signed an agreement with China for Metro Train project , media reported Thursday. Punjab Chief Minister Shahbaz Sharif signed the agreement on Pakistan’s behalf. Speaking on the occasion he said that the project will be a miles...

  Tokyo stocks open up 1.04 percent

TOKYO: Tokyo stocks opened 1.04 percent higher Thursday after Wall Street closed sharply up with the yen falling against the dollar. The Nikkei 225 index was up 146.11 points at 14,188.28 at the start. In New York the Dow Jones Industrial Average adv...

  Pakistan signs agreement with China for Metro Train

Shanghai: Pakistan has signed an agreement with China for Metro Train project , media reported Thursday. Punjab Chief Minister Shahbaz Sharif signed the agreement on Pakistan’s behalf. Speaking on the occasion he said that the project will be a miles...

  Afghanistan to launch 4G internet services soon

Officials in the Ministry of Telecommunication and Information Technology of Afghanistan said 4G internet services will be launched in the near future. The officials further added that around 90 percent of the Afghans are currently having access to m...

  Oil prices up in Asian trade

SINGAPORE: Oil prices rose in Asian trade Wednesday as investors await the release of US Federal Reserve minutes from its April meeting, while keeping an eye on the latest stockpiles data. The US benchmark, West Texas Intermediate for delivery in Jul...

  22 profiteers arrested

PESHAWAR: District administration expended the ongoing crackdown on profiteers to the suburban localities of the city and arrested 22 profiteers from Sarband area. According to details, the residents of Sarband have registered complaints with the Com...

  Yen rises in Asia after BoJ holds fire on easing measures

TOKYO: The yen rose against the dollar in Asia on Wednesday after the Bank of Japan (BoJ) held off fresh easing measures, saying the world´s number three economy was picking up pace. The dollar was trading at 101.17 yen in Tokyo afternoon trade after...

  Tokyo stocks open 0.75 percent lower

TOKYO: Tokyo stocks opened 0.75 percent lower on Wednesday as the yen´s strength hit exporters and after falls on Wall Street. The Nikkei 225 index slipped 105.54 points to 13,969.71 at the start. Shortly before the opening bell, official data showed...

  Dollar firms in Asia as crisis-hit Thailand's baht slips

TOKYO: The dollar firmed against the yen in Asia on Tuesday as investors await clues about future US and Japanese monetary policy, while the Thai baht slipped after the army declared martial law in the crisis-hit nation. In Tokyo afternoon trading, t...


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Feature / Analysis

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Opinion

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