Economy

  Oil prices down

SINGAPORE: Oil prices slipped in Asian trade Monday but analysts said they were supported by concerns of an escalation of the Ukraine crisis after the crash last week of a Malaysian airliner. Investors were also keeping an eye on developments in the ...

  SBP to announce monetary policy today

KARACHI: The State Bank of Pakistan (SBP) to announce its first bi-monthly monetary policy of the new fiscal year on Saturday here, media reported. The central bank is expected to keep the current discount rate at 10 percent unchanged, the analysts p...

  SBP leaves policy rate unchanged at 10 pc

Karachi: The State Bank of Pakistan (SBP) has decided to keep the policy rate unchanged at 10 percent. This was announced by the Governor SBP Ashraf Mahmood Wathra while unveiling the Monetary Policy Statement MPS for the next two months at a press c...

  Italian rescuers find 18 bodies on migrant boat: report

ROME: Italian rescuers found 18 bodies on a boat carrying hundreds asylum-seekers on Saturday, and suspect they were killed by fumes from the engine in the hold, the ANSA news agency reported. The boat, with 600 people on board, was intercepted south...

  Dollar stabilizes after Malaysian plane crash jitters

NEW YORK: The dollar stabilized against the euro Thursday, trimming earlier gains spurred by the crash of a Malaysian jetliner in war-torn Ukraine. Malaysia Airlines flight MH17 crashed in pro-Russia rebel-held territory in eastern Ukraine near the R...

  Geopolitical woes send oil prices higher in Asia

SINGAPORE: Oil prices rose in Asia on Friday after a Malaysia Airlines plane came down in war-ravaged Ukraine and Israel launched a ground offensive into Gaza, sparking fears about tensions in the crude-rich Middle East. US benchmark West Texas Inter...

  Tokyo stocks open up 0.28 percent

TOKYO: Tokyo stocks opened 0.28 percent higher on Thursday after the blue-chip Dow index powered to a new record on Wall Street thanks to robust US company earnings. The Nikkei 225 index gained 43.57 points to 15,422.87 at the start. The Dow Jones In...

  Dollar recedes in Asia after recent pick-up

TOKYO: The dollar retreated in Asia Thursday after rallying in the previous session in response to an upbeat US Federal Reserve economic report and better-than-expected Chinese growth figures. In afternoon Tokyo trading, the greenback fetched 101.51 ...

  Moody’s changes outlook to stable for five Pakistani banks

LIMASSOL: Moody's Investors Service has affirmed the B3 long-term local-currency deposit ratings of five Pakistani banks and changed the outlook on these ratings to stable from negative. At the same time, the rating agency has affirmed the banks' Caa...

  Oil prices up on US demand hopes

SINGAPORE: Oil prices extended gains in Asia Thursday after a bullish US stockpiles report raised hopes of resurgent demand in the world´s top crude consumer, analysts said. US benchmark West Texas Intermediate for August delivery rose 24 cents to $1...

  KSE hits new peak at 30,000 points

KARACHI: The prices of equities surged at Karachi Stock Exchange (KSE) as its benchmark KSE 100-share Index shot up beyond the psychological barrier of 30,000 points on Thursday. The KSE 100 Index witnessed a massive gain of 400 points to close at 30...

  PM Nawaz inaugurates two road projects in Chakwal

CHAKWAL: Prime Minister Nawaz Sharif inaugurated two double-way road projects—Mandra-Chakwal and Sohawa-Chakwal during his short visit on Wednesday here. Addressing the inaugural ceremony, the prime minister said that when he came to power, the treas...

  Dollar rises in Asia on Fed chief rate comments

TOKYO: The dollar rose in Asia on Wednesday as the head of the US Federal Reserve indicated that interest rates could rise earlier than expected if the world´s biggest economy continues to pick up pace. In Tokyo afternoon trade, the dollar bought 101...

  Gemstone industry struggles with unrest

PESHAWAR: For 400 years the craftsmen and traders of Peshawar´s jewellery bazaar have cut, polished, set and haggled over precious gems dug from the rugged mountains of northwest Pakistan. Pakistan´s gem and jewellery exports have boomed in recent ye...

  China industrial output up 9.2 percent on-year in June: govt

BEIJING: China´s industrial production, which measures output at factories, workshops and mines in the world´s second-largest economy, rose 9.2 percent year-on-year in June, the government announced Wednesday. Retail sales, a key indicator of consume...

  Oil prices up in Asian trade

SINGAPORE: Oil prices rebounded on bargain-hunting in Asia Wednesday following sharp losses in the previous session that were stoked by easing Middle East supply concerns, analysts said. US benchmark West Texas Intermediate (WTI) for August delivery ...

  No one will be allowed to stop progress in Pakistan: PM

ISLAMABAD: Emphasising that a few thousand people could not change the mandate of millions, Prime Minister Nawaz Sharif warned that no one would be allowed to stop progress in Pakistan. Addressing the Taxpayers Privileges and Honour Card Schemes, Pri...

  Hong Kong stocks open 0.58% higher

HONG KONG:Hong Kong stocks rose 0.58 percent Tuesday following a healthy rally on Wall Street as investors await the release of Chinese economic growth data later in the week.The benchmark Hang Seng Index added 136.17 points to 23,482.84.AFP...

  Two dead, 18 missing as boat capsizes off Malaysia

KUALA LUMPUR: At least two people died and 18 others were missing after an overloaded fishing boat carrying illegal Indonesian immigrants capsized off the coast of southern Malaysia, a maritime official said Tuesday. The small fibreglass boat overtur...

  Not just football: Argentina market down, Germany up

BUENOS AIRES: It's not just Argentine soccer fans who woke up depressed following their nation's 1-0 defeat to Germany in the World Cup final. Traders in Buenos Aires were also feeling blue. Argentina's main Merval index was down 0.6% in early aftern...


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Feature / Analysis

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Opinion

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