Economy

Okara: PFU ends 16-hour long sit-in

OKARA: The Punjab Farmers Union (PFU) has announced to end its over 16-hour long sit-in against power loadshedding and high electricity bills, media reported. Earlier, the protestors blocked G.T. Road in Okara and staged an over 16-hour long sit-in r...

Acting NEPRA chairman resigns

SLAMABAD: Acting National Electric Power Regulatory Authority (NPRA) chairman Habibullah Khilji has resigned from the post, media reported Friday. Sources said that the acting chairman had sent his resignation to the Cabinet Division. He was appointe...

Police set to launch crackdown against auto-thieves

ISLAMABAD: Islamabad Police have been asked to launch effective crackdown against car thieves as well receivers by constituting special teams to ensure their arrest and also take prompt action to stop auto theft incidents with high vigilance at impor...

February: Inflation up by 7.38pc year-on-year basis

ISLAMABAD: The Consumer Price Index (CPI) based inflation rate for the month of February 2013 edged down by 0.34 percent over the previous month January 2013, stats released by Pakistan Bureau of Statistics (PBS) revealed Friday. On year-on-year basi...

MQM, PML-N boycott NA proceedings over POL price hike

ISLAMABAD: With only days left before the assemblies are dissolved, the government has increased the price of petroleum products. The new prices became effective at midnight today (Friday) following the Oil & Gas Regulatory Authority notification reg...

Pakistan stocks close higher on rollover day

KARACHI: Pakistan's stock market closed higher on Friday, boosted by continuous foreign buying and buoyed by expectation that the new caretaker government will soon take over in advance of elections scheduled for this spring. The Karachi Stock Exchan...

UN trust fund agency allowed procurement fraud in Afghanistan

According to an internal U.N. report, the United Nations agency that administers a trust fund bankrolling Afghanistan’s police allowed procurement fraud to flourish for several years. The report seen by The Wall Street Journal, which hasn’t been ma...

Embraer wins U.S. Air Force deal for Afghan planes

WASHINGTON/SAO PAULO : Brazil's Embraer SA (EMBR3.SA) won a U.S. Air Force deal on Wednesday to supply 20 light attack planes for counterinsurgency missions in Afghanistan, tightening U.S.-Brazilian defense ties after a politically charged bidding pr...

Suddle for major reshuffling in FBR

KARACHI: Federal Tax Ombudsman Shoib Suddle on Friday stressed the need for major reshuffling in the Federal Board of Revenue as there was no internal accountability in the institution. Speaking at the Federal Chambers of Commerce and Trade on Friday...

Lahore region gets CNG for two days

LAHORE: Long queues of vehicles were witnessed when the CNG filling stations resumed supply Friday morning, media reported. According to gas load management plan, the CNG stations across Lahore region have reopened today at 6 am and will continue to ...

Yen slips after Tokyo picks new Bank of Japan chief

TOKYO: The yen weakened in Asia on Friday after Japan nominated a new central bank chief known to favour aggressive easing, while the dollar was mixed after weak US growth data and on fears over a budget impasse. The greenback fetched 92.63 yen in la...

Sindh CNG stations to be closed today

KARACHI: All CNG stations across Sindh including Karachi would be closed for 24 hours today from 8 AM to Saturday 8 AM, media reported.According to Sui Southern Gas Company official, CNG filling outlets have suspended the supply following the gas loa...

Crude down in Asia

SINGAPORE: Oil prices eased in Asia Friday as revised fourth-quarter US economic growth disappointed, while dealers eyed huge federal spending cuts due to take effect, analysts said. New York's main contract, light sweet crude for delivery in April, ...

Petroleum products prices go up

ISLAMABAD: The Oil & Gas Regulatory Authority has notified an upward revision in petroleum products prices, media reported. The new prices took effect from today (Friday). According to the notification issued, the petrol has been made dearer by a mig...

Crude up in Asia

SINGAPORE: Oil prices rose in Asia Thursday, supported by better-than-expected US housing data and durable goods orders in the United States, analysts said. New York's main contract, light sweet crude for delivery in April gained 40 cents to $93.16 a...

Sindh CNG outlets reopen today

KARACHI: All the CNG stations in Sindh would reopen today (Thursday) at 8 AM after 24-hour closure. Long queues of vehicles were witnessed at CNG outlets much before the scheduled reopening time at 8.00 AM. Motorists, transporters and commuters equal...

Asian markets rise

HONG KONG: Asian markets rose Thursday after the Dow on Wall Street hit a more than five-year high, while the head of the European Central Bank soothed concerns over the eurozone. A strong bond sale in Italy also helped the euro despite uncertainty a...

Petroleum Ministry rejects fuel price summary

ISLAMABAD: The summary seeking an increase in the price of petroleum products has been rejected by Pakistan’s petroleum ministry. The Petroleum Ministry stated that the profit of oil marketing companies had not been included in the summary. On Tuesda...

Banks buoy Karachi Stock Exchange up

KARACHI: Pakistan's stock market closed higher on Thursday, supported by Muslim Commercial Bank and Engro Corporation, traders said. The Karachi Stock Exchange's (KSE) benchmark 100-share index ended 0.51 percent, or 92.77 points, higher at 18,173.67...

Ogra notifies a hefty hike in petroleum prices

ISLAMABAD: The Oil & Gas Regulatory Authority has notified an upward revision in petroleum products prices, media reported. The new prices take effect from March 1, 2013(Thursday midnight). According to the notification issued, the petrol has been ma...

«Previous