Economy

  48-hour strike begins on London Underground

LONDON: Workers on London´s Underground train system began a 48-hour strike at 9:00 pm (2000 GMT) on Monday, threatening chaos for commuters and hitting football supporters attending Arsenal´s match with Newcastle. The action was called by the Rail, ...

  Ashraf Mahmood Wathra appointed SBP governor

ISLAMABAD: Prime Minister Nawaz Sharif has appointed Ashraf Mahmood Wathra as Governor of State Bank of Pakistan (SBP). Wathra is currently assuming his duties as acting governor of the SBP following the resignation of Yaseen Anwar. Wathra was appoin...

  Govt to address problems of farmers at doorsteps: Bosan

BUREWALA: Federal Minister for Food Security and Research Sikandar Hayat Bosan has said that government would address problems of farmers at their doorsteps and said imposition of ban on wheat inter-provincial transportation was not a wise decision b...

  TCF hosts fund raising program in Houston

HOUSTON: With the mission of enriching the people of all four provinces of Pakistan and Kashmir with the ornament of education, Citizen Foundation hosted a special program in Houston, to highlight the accomplishment and to raise funds for the foundat...

  US stocks drop on earnings, Ukraine tensions

NEW YORK: US stocks Friday slumped after a dim earnings outlook from Amazon sparked a big retreat in tech stocks and as world leaders signaled growing worry over Ukraine. The Dow Jones Industrial Average dropped 140.19 points (0.85 percent) to 16,361...

  Oil prices up in Asian trade

SINGAPORE: Oil prices rose in Asian trade Monday, supported by tensions in Ukraine while investors await the US Federal Reserve´s policy meeting later this week. New York´s West Texas Intermediate for June delivery, was up 27 cents at $100.87 in mid-...

  Asian shares mixed, Wall St loss and Ukraine drag

HONG KONG: Asian markets were mostly lower Monday following a negative lead from Wall Street, while tensions in Ukraine added to selling pressure. Traders were awaiting the release later in the week of global manufacturing data as well as earnings re...

  Yen firm in Asia on Ukraine tensions

TOKYO: The yen held firm in Asia Monday as jittery investors watched the latest developments in the Ukraine crisis, while awaiting meetings of the US and Japanese central banks this week. In afternoon Tokyo trading, the dollar was changing hands at 1...

  OGRA sends summary for POL decrease

ISLAMABAD: OGRA has sent the summary recommending a decrease in the price of petroleum products to the Ministry of Petroleum. OGRA has recommended an Rs0.34 decrease in the per litre price of petrol, Rs4.51 in diesel and Rs8 in the price of kerosene ...

  India’s rain woes grow bigger, scientists worried

Forecasting the June-to-September rains, which account for three-quarters of India’s annual rainfall, is becoming tougher. Last year, six states had to declare droughts despite predictions of a normal monsoon.Although India is scaling up its predicti...

  Govt. fails to overcome power shortfall

KARACHI: Frequent unannounced prolonged load shedding and power outage has once again become a routine with the rising summer heat paralyzing commercial life and industry across the country, media reported. Sources said with the onset of summer heat ...

  Poachers slay six elephants in Kenya

NAIROBI: Poachers have slain six elephants including four calves in a private reserve in Kenya, wildlife officials said Saturday, as the country battles an upsurge in the illegal slaughter of elephants and rhinos. "Six elephants have been confirmed p...

  Over 50 pc Pakistanis living below poverty line :EAC

ISLAMABAD: A meeting of Economic Advisory Council (EAC) held on Saturday with Finance Minister Mohammad Ishaq Dar in the chair discussed all aspects of national economy. The meeting conceded that more than half of the country’s population was living ...

  Last letter from Titanic sells for $200,000

LONDON: The last letter known to have been written on board the Titanic sold at auction in Britain for £119,000 ($200,000, 145,000 euros) on Saturday. The letter was written by second class passenger Esther Hart just hours before the doomed ocean lin...

  Imran vows to introduce new system of accountability in Pakistan

KARACHI:Imran Khan has said that the Pakistan Tehreek-e-Insaf will introduce system of accountability in Pakistan. Speaking at a ceremony held in connection with the foundation day of his party, he said that there was no accountability and he would b...

  Power shortfall will be made up in about 2/3 years: PM

DERA MURAD JAMALI: Prime Minister Muhammad Nawaz Sharif on Friday announced that government would ensure provision of natural gas to each and every city of Balochistan within three years. He added that the government would overcome the energy crisis ...

  Protest in Sindh Assembly over prolonged load shedding

KARACHI: The members of Sindh Assembly staged a protest during today’s session over the prolonged outages in the province, media reported. The session began under the chairmanship of Speaker Agha Siraj Durrani where the MPAs belonging to Pakistan Peo...

  Cheap smarphone will be available with introduction of 3G, 4G: Moody's

NEW YORK: Moody's Investors Service says that the outcome of the 3G and 4G spectrum auctions held on 23 April in Pakistan are credit positive for Pakistan Mobile Communications Limited (Mobilink, B2 negative). "Mobilink was able to secure 10MHz of 3G...

  Asian shares mixed, eyes on Ukraine crisis

HONG KONG: Asian markets were mixed on Friday, with another upbeat lead from Wall Street overshadowed by concerns about the Ukraine crisis. The euro maintained its momentum after a pick-up on Thursday fuelled by a healthy consumer confidence reading ...

  Oil prices up

SINGAPORE: Oil prices rose in Asian trade Friday after Russia ordered new military exercises on the border with Ukraine in response to Kiev launching a deadly assault against pro-Kremlin rebels occupying a flashpoint town. US benchmark, West Texas In...


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Feature / Analysis

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Opinion

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