Economy

  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...

  CNG stations to remain closed for 24 hours in Sindh

KARACHI: All the CNG stations in Sindh will remain closed for the next 24 hours as part of the gas load management plan. The gas stations will close at 8:00 am in the morning today (Tuesday) and reopen on Wednesday morning....

  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...


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