Economy

  NBP profit soars to Rs8.1bn

KARACHI: The National Bank of Pakistan (NBP) earned an after-tax profit of Rs8.1 billion during the first half (January-June) of this calendar, an increase of 42 per cent compared to Rs5.7bn during the year-ago period.The bank recorded a pre-tax prof...

  Dollar rises to Rs101 mark

KARACHI: The US dollar rose 70 paisas in the inter-bank market on Wednesday after which it touched the Rs101.10 mark.Moreover, the Karachi Stock Exchange (KSE) 100-index staggered to the level of 28, 494 after a decline of 162 points in the morning t...

  Inefficiency in Development Projects

Economic commentators discussed the issues confronted by development projects such as the Ainak Copper Mine and the Hajigak Iron Mine, stating that foreign investors have backed out of honoring their initial commitments. In addition, they asserted th...

  Afghanistan running out of cash as poll deadlock drags on

KABUL: The Afghan government is running out of funds despite an influx of millions of dollars in aid as a deadlock over who won the election drives a sharp decline in revenues, already suffering from the drawdown of thousands of foreign troops. The g...

  Major Projects at Standstill

A number of major energy, water and public works projects throughout Afghanistan are inoperative because of the decrease in budget. Officials at the Ministry of Energy and Water (MEW) have said the lack in budget for the projects have both completely...

  Asian shares gain as Ukraine fears recede

HONG KONG: Asian shares rose Tuesday following a bounce on Wall Street as fears ebbed of a direct military clash between Russia and Ukraine and focus turned to a speech this week by the US Federal Reserve chief. Tokyo climbed 0.93 percent, Seoul gain...

  Dollar firm in Asia as Ukraine tensions ease

TOKYO: The dollar held steady in Asia on Tuesday as concerns over a Ukrainian clash with Russia eased, while investors looked to a speech by the US Federal Reserve chief this week. In afternoon Tokyo trade, the greenback rose to 102.62 yen, from 102....

  Oil prices rebound in Asia

SINGAPORE: Oil prices rebounded in Asia Tuesday on bargain-hunting after tumbling on easing concerns about conflicts in Ukraine and Iraq, analysts said. US benchmark West Texas Intermediate (WTI) for September delivery rose 38 cents to $96.79 while B...

  Australia to free some detained asylum-seeker children

SYDNEY: A number of asylum-seeker children held in Australian mainland detention centres are to be released, officials said Tuesday, although hundreds of others will remain locked up in offshore camps. Immigration Minister Scott Morrison said "a larg...

  Google buys travel guide app startup Jetpac

SAN FRANCISCO: Google confirmed Monday it has bought the startup behind a Jetpac mobile application that creates insightful travel guides by analyzing pictures from social networks such as Instagram. Financial terms of the deal were not disclosed. Je...

  Oil prices down in Asian trade

SINGAPORE: Oil prices eased in Asian trade Monday, but retained support from the latest round of tensions between Ukraine and Russia which sparked concerns of a full-scale military conflict, analysts said. US benchmark West Texas Intermediate for Sep...

  FPCCI rejects Imran Khan’s call for civil disobedience

ISLAMABAD: Federation of Pakistan Chamber of Commerce and Industry President Zakariya Usman has rejected Pakistan Tehreek-e-Insaf chairman Imran Khan’s call for civil disobedience on Monday. He said the civil disobedience will undermine the country’s...

  Yen ticks up in Asia amid Ukraine tensions

TOKYO: The yen ticked up in Asia Monday as investors nervously watched the latest developments in the Ukraine crisis, while looking to a speech by the US Federal Reserve chief later this week. In Tokyo afternoon trading, the dollar slipped to 102.32 ...

  Oil prices rebound in Asia

SINGAPORE: Oil prices rebounded in Asia Friday on bargain-hunting following sharp falls stoked by a slew of downbeat global economic data and easing concerns about the Ukraine crisis, analysts said. US benchmark West Texas Intermediate (WTI) for Sept...

  Tokyo stocks open flat

TOKYO: Tokyo stocks opened flat on Friday after four days of gains with investor sentiment supported by a solid performance on Wall Street. The Nikkei 225 index opened up 0.02 percent, or 2.58 points, at 15,317.15.The Dow Jones Industrial Average add...

  Dollar steady after Russia calls for end to Ukraine crisis

TOKYO: The dollar held steady in Asia Friday on easing concerns over the situation in Ukraine as Russian President Vladimir Putin called for an end to the crisis in the violence-wracked country. In Tokyo afternoon trading, the greenback fetched 102.5...

  Inquilab caravans pass through Gujranwala without paying toll tax

GUJRANWALA: A Pakistan Awami Tehreek’s caravan of 920 vehicles passed through the Gunjranwala Toll Plaza without paying any toll tax, said traffic police. “No single vehicle owner or driver paid toll tax,” said the police adding that 15000 people wer...

  McDonald's meat imports are all above board

KARACHI: McDonald's Pakistan would like to clarify some news items circulated in the local media regarding its certain chicken products sourcing. McDonald’s Pakistan does not receive any products from the factory in question that is Husi Shanghai Fac...

  Euro mixed in Asia ahead of eurozone growth data

TOKYO: The euro was mixed in Asia Thursday as investors awaited second-quarter eurozone growth figures. In midday Tokyo trading, the European single currency weakened to $1.3357 from $1.3363 in New York, while it rose to 137.07 yen from 136.89 yen. T...

  Hong Kong stocks open 0.15 percent up

HONG KONG: Hong Kong stocks opened 0.15 percent higher Wednesday as investors shrugged off a weak lead from the US and European markets. The benchmark Hang Seng Index added 36.83 points to 24,726.24 in the first few minutes of trade....


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Feature / Analysis

  • The Reason Why Israel Killed so Many Pregnant Women in Gaza

    After five weeks of Israeli bombing and invasion the United Nations re...

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  • While Israel Kill Gaza's Children, Media Shield The Truth About Hamas

    As the people of Gaza find momentary respite to impact of Israel's bru...

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  • The cave dwellers of Bamiyan

    The sandstone cliffs of Afghanistan's Bamiyan province are most famous...

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  • Why America's war in Afghanistan is no victory

    Afghanistan is the only country in the world where American soldiers a...

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Opinion

  • How Can We Destroy Love?

    Love is a serious problem in our world. There is too much of it. So I ...

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  • The Anniversary of Rabaa and Sisi's Genocide

    General Sisi’s military coup claimed that it was put in effect to answ...

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  • National Unity Committee Update

    The National Unity Committee, a joint commission appointed by both pre...

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  • In Afghan election dispute, enter the DC lobbyists

    Afghanistan presidential hopeful Ashraf Ghani is spending nearly $150,...

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