Economy

  US cuts Pak aid by $10 million to help Ukraine

WASHINGTON: The United States cut $10 million in aid given to Pakistan under the Kerry-Lugar-Berman bill and diverted it Ukraine. Under the Kerry-Lugar-Berman bill Pakistan receives $1.5 billion in US aid. Pakistan’s aid was cut when a key congressio...

  Asia shares edge up as upbeat data brighten US outlook

TOKYO: Asian shares edged higher in early trade on Wednesday on fresh signs of strength in the U.S. economy and diminishing concerns over the diplomatic standoff between the West and Russia. MSCI's broadest index of Asia-Pacific shares outside Japan ...

  Oil prices up in Asia

SINGAPORE: Oil prices rose in Asian trade Wednesday as data showed a better-than-expected jump in US consumer confidence to a six-year high. New York´s main contract, West Texas Intermediate for May delivery, was up 21 cents to $99.40 a barrel in aft...

  Opium production jumps near British base in Afghanistan

The opium-growing area around Britain's main base in Afghanistan nearly quadrupled between 2011 and 2013, the UK government has said. Poppy fields took up 19,136 hectares (47,286 acres) in the district nearest Camp Bastion in Helmand province last ye...

  AWCC acquires license for 3G internet services

Afghan Wireless Communication Company has received necessary permissions to provide customers 3G internet services. Sources say that AWCC paid $25 million to acquire the license. By activating 3G internet services, AWCC would be in a position to offe...

  Low economic growth reported for last year

Economic growth of Afghanistan during the last year has fallen to 3% Rumors about the post 2014 withdrawal of the foreign troops have caused investments to drop, said the Finance Minister. Minister of Finance had last year announced security issues a...

  Facebook buying virtual reality firm Oculus for $2bn

NEW YORK: Facebook said Tuesday it was buying Oculus, a specialist in virtual reality technology, for about $2 billion in cash and shares. Facebook said it would build on Oculus´ technology, including a virtual reality headset aimed at gamers, seekin...

  Reforms spiriting-up masses, business community: SM Muneer‏

TDAP being brought back on track to achieve export targetIslamabad: Chief Executive Officer of the Trade Development Authority of Pakistan (TDAP) SM Muneer on Tuesday said recent moves of the government have encouraged masses and the business communi...

  IMF okays 3rd $555.6 m loan tranche for Pakistan

ISLAMABAD: The International Monetary Fund (IMF) has given a go ahead for the third tranche of 555.6 million dollars for Pakistan under Extended Fund Facility (EFF) programme. The sources of Ministry of Finance told Geo News that the above amount wil...

  Tokyo stocks open 0.51 percent lower

TOKYO: Tokyo stocks opened 0.51 percent lower on Tuesday after a weak performance on Wall Street, as investors remained jittery about tensions between the West and Russia over Ukraine. The Nikkei 225 index was down 73.61 points to 14,401.69 at the st...

  Agreement with India to purchase electricity: Dastagir

LAHORE: Pakistan’s Federal Minister for Commerce and Textile, Khurram Dastagir announced on Tuesday that an agreement had been reached with India to purchase electricity. Speaking with reporters here, Dastagir said trade talks with India had been put...

  Oil prices ease in Asiaian trade

SINGAPORE: Crude prices fell in Asian trade Tuesday after a key petroleum shipping channel in the United States was closed following a collision that resulted in an oil spill. Investors were also waiting for the release Wednesday of weekly crude oil ...

  Commissioner Income Tax remanded in NAB custody

PESHAWAR: A local accountability court on Tuesday remanded a commissioner Income Tax along with associates into the custody of National Accountability Bureau (NAB) over charges of issuing fake cheques of millions of rupees. The NAB presented before t...

  Drive against hoarding, overcharging continues

LAHORE: District Administration continued drive against hoarding and overcharging in the city and challaned 92 shopkeepers besides imposing fine worth Rs 90 200 on violators of Price Act. Special Price Control Magistrates of CDGL Tuesday conducted ra...

  Govt to share weak dollar benefits by allowing nominal cut in POL prices

ISLAMABAD: The prices of petroleum products are likely to drop effective next month (April) in the backdrop of appreciating rupee and the general expectations of the people to share the benefits of huge windfall gains due to cheaper dollar, media rep...

  No federal aid disbursed for drought-affected Thar: Memon

KARACHI: Information Minister Sharjeel Memon said that the aid announced by Prime Minister Nawaz Sharif for the drought-affected residents of Thar had not been disbursed. During his visit to Thar, Prime Minister Nawaz Sharif had announced Rs1 billion...

  Dollar continues to drop

KARACHI: The dollar continues to drop against the rupee trading at Rs97.75 in the interbank on Monday. The dollar saw an Rs0.32 decrease in its interbank rate and the exchange rate fell to below Rs98. According to sources, Pakistan is expected to rec...

  Sindh CNG stations closed for 24 hours

KARACHI: All CNG stations in Sindh including Karachi have been shut for 24 hours effective Monday 8.00 A.M to Tuesday 8.00 A M.Sui Southern Gas Company said that the CNG filling stations have been closed in accordance with the schedule of gas load ma...

  Billions minted from masses by developers illegally: Colonel Tariq

CJP asked to save Pindiites from acute water scarcityIslamabad: Former director engineering DHA Islamabad Lt. Col. M Tariq Kamal (Retired) has asked the Chief Justice Pakistan to take note of the construction activities on the site reserved for a dam...

  PM lays foundation stone of Metro Bus Project

ISLAMABAD: Prime Minister Mian Nawaz Sharif and Punjab Chief Minister Mohammad Shahbaz Sharif laid the foundation stone of Metro Bus project on Sunday, which would be completed in record period of 9 to 10 months.Sorces said 23.4 kilometre track would...


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Feature / Analysis

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Opinion

  • Opportunities Lost With Election Delays

    This year's election has dragged-out longer than any other similar pro...

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  • Exclusive: A US-backed militia runs amok in Afghanistan

    Afghan militias have accumulated a lengthy record of human rights abus...

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  • Terrorists Still Thrive in Pakistan: NDS

    Afghan intelligence officials have maintained that the recent offensiv...

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  • Hinduism in a Tizzy

    Muslims are least interested in what happens to the latest Dharmayudh ...

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