Economy

  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...

  Oil prices rise

SINGAPORE: Oil prices rose in Asia Tuesday on growing concerns about lawlessness in crude-producer Libya as an top military unit joined a renegade general´s bid to quash Islamists and edged the country closer to civil war. The US benchmark, West Texa...

  PSO halts fuel supply to PIA over non-payment of dues

KARACHI: Pakistan State Oil (PSO) has halted fuel supply to Pakistan International Airlines (PIA) over non-payment of dues worth Rs7 billion, media reported. PIA spokesman has asserted that issue of dues with PSO would be resolved at the earliest. Me...

  Nawaz, Zardari, others again issued notices in foreign asserts case

LAHORE: Lahore High Court (LHC) on Tuesday ordered for the re-issuance of notices to Prime Minister Nawaz Sharif, former president Asif Ali Zardari and several other politicians in the foreign assets case, media reported. The petitioner in his submis...

  Two more charged as Turkey promises action plan over mine disaster

ANKARA: Two more officials in Turkey have been charged with manslaughter as the government promised "a plan of action" to improve mining safety after the country´s worst mining disaster claimed 301 lives, a spokesman said Monday. A total of five offi...

  Oman court jails ex-minister 3 years over bribery

MUSCAT: An Omani court has sentenced a former minister to three years in jail over graft charges, in a first for the Gulf sultanate which has vowed to combat corruption, newspapers reported Monday. They said ex-commerce minister Mohammed bin Nasser a...

  Narcotics 29 drug pushers held; narcotics recovered

LAHORE: Green Town police Sunday claimed to have arrested 29 drug pushers and recovered heroin, hashish and liquor worth millions of rupees from their possession during different raids. SP Sadar Awais Malik constituted special police team led by SPO ...

  Oil prices rise on Libyan violence

SINGAPORE: Oil prices edged higher in Asia Monday on escalating violence in crude producer Libya following a coup attempt by a rogue general that has raised concerns about potential supply disruptions, analysts said. The US benchmark, West Texas Inte...

  Asia shares mostly down, focus on data releases this week

HONG KONG: Asian markets broadly fell Monday despite an uptick on Wall Street, while traders keep an eye on the release of key indicators out of China and Japan later in the week. Tokyo was up 0.12 percent, Sydney eased 0.80 percent, Shanghai dropped...

  Dollar under pressure in Asia after mixed data

TOKYO: The dollar slipped in Asia Monday following mixed US data and simmering geopolitical concerns, while the Indian rupee sat close to one-year highs after the pro-business opposition won the country´s general election. In afternoon Tokyo trading,...

  Saad announces less rail fare, more facilities to beat transporters

LAHORE: Federal Railway Minister, Khawaja Saad Rafique Sunday announced a reduction in freight-train fares with additional facilities being offered to compete with the road-transporters. Addressing a press conference here, Khawaja Saad Rafique claime...

  Liaquat Baloch urges preference of Pak investors to foreign

LAHORE: Jamaat-e-Islami (JI) Secretary General Liaquat Baloch Sunday said he feared the formation of a new East India Company with the handing over of the national enterprises to the multinational companies, media reported. Addressing pre-budget semi...

  Rs5 billion Ramazan package announced by punjab govt.

LAHORE: The government of Punjab Sunday announced Ramazan package amounting to Rs5 billion, media reported. Punjab Chief Minister, Shahbaz Sharif said that the citizens would be provided flour bags at subsidized rates in the open market also besides ...

  Pak mango growers hoping to take a slice out of India's export

RAJBAH CHAWAN: Pakistani mango growers are hoping to take a slice out of rival India´s export market thanks to tough new European regulations. The sweet yellow fruit is a contentious matter regionally, with both countries proclaiming it a national tr...

  SBP keeps policy rate unchanged at 10%

KARACHI: The State Bank of Pakistan (SBP) has decided to maintain the policy rate at 10 per cent and it expects that average CPI inflation will remain around 8 per cent during FY15.The decision was taken at a meeting of the Central Board of Directors...

  No more political appointments in Railways: Khwaja Saad Rafique

LAHORE: Federal Minister for Railways Khwaja Saad Rafique Saturday ruled out political appointments in the Railways from this point onwards and that all recruitments will be made purely on merit. Talking to media representatives on the occasion of co...

  ECC approves Rs 2 bn Ramazan Package on essential commodities

ISLAMABAD: Economic Coordination Committee of the Cabinet (ECC) Friday approved the Ramazan Relief Package 2014 for up to Rs.2 billion to be provided on essential commodities being sold at Utility Stores outlets. The ECC which met here under the chai...

  Turkey mine rescue ends, death toll at 301: minister

SOMA: Turkey on Saturday declared rescue operations over following this week´s devastating coal blast after retrieving the bodies of the last two trapped miners whose death lifted the final toll to 301. "The rescue operation was carried out to comple...

  Work on small hydel projects to be stepped up: Punjab CM

LAHORE: Punjab Chief Minister, Shahbaz Sharif said that his government was striving to step up work on small hydel projects, while the federal government would start work on Wasu Dam soon, media reported. Talking to the World Bank (WB) Country Direct...


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Feature / Analysis

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Opinion

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