Economy

  Crude prices down in Asian trade

TOKYO: Oil prices eased in Asian trade Thursday as the US economy stalled in the first quarter of this year while US crude stockpiles rose, suggesting weaker demand. West Texas Intermediate (WTI) for June delivery slipped six cents to $99.68 a barrel...

  China manufacturing up in April: government

BEIJING: China´s manufacturing activity improved in April, the government said Thursday, showing increased strength for a second straight month as the country´s broader economy slows. The official purchasing managers index (PMI) was 50.4 in April, th...

  Petrol down by Re0.34 per litre, diesel by Rs4.51

ISLAMABAD: The government has reduced the prices of petroleum products with petrol going down by Re0.34 per litre, diesel Rs4.51 per litre and kerosene Rs3.8 per litre.  The overall reduction in the POL prises is up to Rs4.51 per litre from today (Ma...

  International Labour Day being marked

ISLAMABAD: International Labour Day 2014 is being marked across the globe including Pakistan. It is celebrated all across the world on 1st of May which has been declared as the traditional spring holiday in the Europe and Pakistan. The Day is marked ...

  LPG price reduced by Rs15 per kg

ISLAMABAD: The marketing companies on Wednesday reduced price of Liquefied Petroleum Gas (LPG) by Rs15 per kg. Chairman LPG Distributors Association Muhammad Irfan Khokhar said the price of domestic cylinder was decreased by Rs177 and commercial cyli...

  Ministry of Finance approves cut in POL prices

ISLAMABAD: The Ministry of Finance has given approval of the summery for cut in petroleum product prices, media reported. The new price would be effective from May 01. Sources told Geo News the ministry approved Rs0.34 decrease in the per litre price...

  Shah suggests closure of feeders over power theft

ISLAMABAD: Opposition leader in the National Assembly Syed Khursheed Shah has suggested closure of electricity feeders over power theft, media reported. Khursheed Shah held a meeting with Minister for Water and Power Khawaja Asif at his chamber and e...

  1939 Oscar trophy auctioned for $150,000 in LA

LOS ANGELES: An Oscar statuette won in 1939 by a cinematographer who worked on "Citizen Kane" was auctioned for $150,000 Tuesday. Gregg Toland won the Academy Award, the only Oscar of his career, for his work on another film, "Wuthering Heights" by d...

  Microsoft to sell Xbox One in China in September

SHANGHAI: Microsoft will later this year start offering its Xbox One game console with a local partner in China, where such devices were banned for more than a decade. "Today marks a monumental day for Xbox, as together with our partner BesTV New Med...

  Crude prices down in Asian trade

SINGAPORE: Oil prices eased in Asian trade Wednesday on expectations of another increase in US crude stockpiles which would suggest weak demand in the world´s biggest economy. New York´s West Texas Intermediate (WTI) for June delivery dropped 88 cent...

  CNG stations reopen in Sindh

KARACHI: CNG stations in Sindh reopened after 24-hour closure on Wednesday. The stations were closed for 24 hours as part of the gas load management plan. The gas stations were closed at 8:00 am in the morning on Tuesday....

  Yen rises in Asia after BoJ holds fire on new easing

TOKYO: The yen ticked up in Asia on Wednesday as the Bank of Japan held off fresh monetary easing measures, despite fears that Japan´s recovery is faltering on the back of tepid data and a recent sales tax rise. In afternoon Tokyo trade, the dollar w...

  Dollar mixed in Asia ahead of Fed meeting

SINGAPORE: The dollar was mixed in quiet Asian trade Tuesday as traders await the outcome of a US Federal Reserve policy meeting later in the week. The US dollar bought 102.50 yen in Singapore mid-morning trade, against 102.45 yen in late New York tr...

  Bears take away 255 points from KSE

KARACHI: Stock prices at Karachi Stock Exchange (KSE) dropped on Tuesday, with the benchmark 100-share index of the Karachi Stock Exchange falling 0.89 percent, or 255.03 points, to 28,436.59. The market continued to decline amid disappointing corpor...

  Power supply to Parliament, Supreme Court disconnected

ISLAMABAD: The Islamabad Electric Supply Company (IESCO) has disconnected electricity supply to the Supreme Court of Pakistan and Parliament House. The PWD is responsible for clearing electricity dues of the Supreme Court and according to IESCO offic...

  Crackdown on government electricity bill defaulters

ISLAMABAD: State Minister for Water and Power Abid Sher Ali has ordered Islamabad Electricity Supply Company (IESCO) to disconnect supply to government institutions that have not cleared their dues. The list of defaulters includes the Presidency, Par...

  Google: Driverless cars are mastering city streets

LOS ANGELES: Google says that cars it has programmed to drive themselves have started to master the navigation of city streets and the challenges they bring, from jaywalkers to weaving bicyclists — a critical milestone for any commercially available ...

  Sindh Assembly approves resolution against load shedding

KARACHI: The Sindh Assembly on Tuesday approved a resolution against the federal government pertaining to load shedding in the province. The Sindh Assembly session was held under the chair of Deputy Speaker Shehla Raza in which the resolution was pre...

  MPAs threaten to stage sit-in against Islamabad vindictive power cut in Sindh

KARACHI: Pakistan People’s Party (PPP) and Muttahida Qaumi Movement (MQM) members in Sindh assembly here on Tuesday went on a protest against the unannounced and prolonged load shedding in the rural and urban areas of the province piling miseries on ...

  Crude prices edge higher in Asia

SINGAPORE: Oil prices rose in Asian trade Tuesday after the West slapped fresh sanctions on Russia over its role in Ukraine, although gains were capped as the measures were seen as less aggressive than expected. New York´s West Texas Intermediate for...


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Feature / Analysis

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