Economy

  Oil prices rise

SINGAPORE: Oil prices rose in Asian trade Tuesday on strong manufacturing data from top global energy guzzlers the United States and China, analysts said. US benchmark, West Texas Intermediate (WTI) for delivery in July gained four cents to $102.51 a...

  Budget 2014-15 to be announced today

ISLAMABAD: The government is all set to present its second Federal Budget with an outlay of about Rs 3.8 trillion for Fiscal Year 2014-15 before the Parliament today (Tuesday). Finance Minister Senator Muhammad Ishaq Dar while launching the Economic ...

  Raja Pervaiz Ashraf, Shaukat Tareen indicted in RPP case

ISLAMABAD: An accountability court indicted 12 including former Prime Minister Raja Pervaiz Ashraf and former Finance Minister Shaukat Tareen in the Rental Power Project (RPP) Case on Tuesday. Former Federal Secretaries Ismail Qureshi and Shahid Rafi...

  MQM wants Rs150 bn uplift package for Karachi

KARACHI: Muttahida Qaumi Movement (MQM) Monday demanded of the government to approve Rs150 billion development package for Karachi. MQM leader Dr Farooq Sattar presented a shadow budget with a total outlay of 3.775 trillion for fiscal year 2014-15 he...

  Dollar gains in Asia following upbeat China data

TOKYO: The dollar rose in Asia on Monday as upbeat Chinese manufacturing data lifted investor sentiment ahead of key US jobs data later this week, while weak Japanese economic data weighed on the yen. In midday Tokyo trading, the greenback fetched 10...

  Oil prices rise

SINGAPORE: Oil prices rose in Asian trade Monday as data showing strong Chinese manufacturing activity fuelled hopes of a pick-up in demand in the world´s top energy consumer. US benchmark, West Texas Intermediate (WTI) for delivery in July gained 44...

  National Budget 2014-15 of about Rs.3.8 trillion to be announced tomorrow

ISLAMABAD: The government is all set to present its second Federal Budget with an outlay of about Rs 3.8 trillion for Fiscal Year 2014-15 before the Parliament on June 3 (Tuesday). Finance Minister Muhammad Ishaq Dar will present federal budget for t...

  Economic Survey 2013-14 launched

ISLAMABAD: Finance Minister Senator Mohamamd Ishaq Dar Monday launched the Economic Survey of Pakistan for the financial year 2013-14. The pre-budget document highlights the overall performance of economy during the outgoing fiscal year providing a r...

  Electricity shortfall soars to 3200 MW: NTDC

LAHORE: The demand and supply gap of power has further risen, as the overall electricity shortfall climbed to 3200 mega watts leading to an increased number of loadshedding hours across the country. According to a claim of the National Transmission a...

  Court issues non-bailable arrest warrants for Gilani, Fahim

KARACHI: Federal Anti-Corruption Court has issued non-bailable arrest warrants for former prime minister Yousuf Raza Gilani and former minister for commerce Makhdoom Amin Fahim, media reported on Monday. The court issued non-bailable arrest warrants ...

  Solar aircraft makes successful debut

PAYERNE: A sun-powered plane made a successful test flight in Switzerland on Monday, clearing a vital hurdle towards its goal of a round-the-world trip next year, its pilot said. Solar Impulse 2 carried out a flight lasting two hours and 15 minutes, ...

  Pakistan’s growth rate stood at 4.1pc: Economic Survey 2013-14

ISLAMABAD: Minister for Finance, Senator Ishaq Dar is releasing Economic Survey 2013-14 on Monday. According to the survey, Pakistan’s growth rate stood at 4.1 percent which is less than the targeted figure of 4.4 percent but still being termed encou...

  100 MW from Nandipur power plant added to national grid

ISLAMABAD: The first unit of Nandipur Power Plant project has been completed in seven months and it has started electricity production. According to a spokesman of the Nandipur Power Plant, initially 100 megawatt of electricity produced from the proj...

  PM inaugurates 1st of 4 units of Nandipur power project

NANDIPUR: Prime Minister Muhammad Nawaz Sharif Saturday formally inaugurated the first 95 MW unit of 425 MW Nandipur power project, media reported. Punjab Chief Minister, Shahbaz Sharif, Federal Minister for water and power, Khawaja Asif, other top o...

  Stay order against private news channel for using ‘Zara Sochiye’ trademark illegally

KARACHI: Sindh High Court on Friday issued a stay order against a private news channel involved in using ‘Zara Sochiye’ trademark illegally, Geo News reported. It may be noted here that ‘Zara Sochiye’ is a registered trademark of Geo TV and under the...

  Karachi stocks continue to remain upbeat

KARACHI: The stock market continued to remain buoyant Friday with bullish investors helping the market to surge by 250 points breaking all past records of the benchmark KSE-100 index reaching at 29,792 points, media reported. The market opened upbeat...

  PM Nawaz inaugurates coal power project in Sahiwal

SAHIWAL: Prime Minister Mian Muhammad Nawaz Sharif laid the foundation stone of two coal based power plants in Sahiwal on Friday, media reported. Prime Minister Mian Nawaz Sharif was accompanied by Chief Minister Punjab Mian Shahbaz Sharif and Minist...

  Crude prices mixed in Asia

SINGAPORE: Oil prices were mixed in Asia Friday as traders took a breather after recent gains, but signs of stronger US gasoline demand and escalating tensions in Ukraine provided support. US benchmark, West Texas Intermediate (WTI) for delivery in J...

  Non-bailable arrest warrants for Gilani, Fahim issued

KARACHI: Federal Anti-Corruption Court on Thursday issued arrest non-bailable warrants for former prime minister Yousuf Raza Gilani and former minister for commerce Makhdoom Amin Fahim, media reported. The Federal Anti-Corruption Court no. 01 Judge, ...

  Dollar falls in Asia ahead of revised US growth data

TOKYO: The dollar weakened against the yen and euro in Asia Thursday as markets await the release of US indicators later in the day, including revised first-quarter US economic growth. In afternoon Tokyo trading, the greenback eased to 101.68 yen fro...


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Feature / Analysis

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Opinion

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  • National Unity Committee Update

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