Economy

  SC reiterates 3G, 4G auction will take place on April 23

ISLAMABAD: The Supreme Court reiterated that Pakistan’s 3G and 4G auction will take place on April 23. A three member bench of the Supreme Court headed by Justice Jawaad S Khawaja heard the Universal Service Fund case on Wednesday. During proceedings...

  Govt to overcome power crisis before it completes tenure: Shahbaz

LAHORE: Punjab Chief Minister Shahbaz Sharif has said that the government will steer the country out of energy crisis before it completes it tenure. Sharif conceded that the government was shocked to see the expenses after coming into power despite t...

  Third Kidz Xpo 2014 from April 18 in Karachi

KARACHI: The 3rd edition of Kidz Xpo is all set to be held from 18th to 20th April 2014 at Karachi Expo Center. According to an a statement issued here Tuesday, the three-day event is being organized by Fakt Exhibitions (Pvt) Ltd in collaboration wit...

  Stock prices consolidate above 29000 point level

KARACHI: Stock prices at Karachi Stock Exchange (KSE) closed almost unchanged on Tuesday, with the benchmark 100-share index of the Karachi Stock Exchange rose 0.01 percent, or 1.65 points to 29,095.77. With healthy volumes of Rs.15.8 bn market kept ...

  Oil prices down in Asian trade

SINGAPORE: Oil prices eased in Asian trade Tuesday, but losses were limited as Russia-Ukraine tensions showed no sign of abating, raising fears of a disruption to energy supplies to Western Europe. New York´s main contract, West Texas Intermediate fo...

  Rupee hits 18-month high against dollar

KARACHI: The dollar continues to lose value against the rupee, dropping to an eighteen month low in the interbank on Tuesday. The dollar was trading at Rs95.70 in the interbank after losing by Rs0.50. Analysts said that the rupee started gaining stre...

  Dollar holds steady in Asia on upbeat US economy view

TOKYO: The dollar held firm in Asia Tuesday after solid retail sales data boosted confidence in the US economy while tensions in Ukraine and speculation over more European Central Bank monetary easing weighed on the euro. In midday Tokyo trade, the g...

  Pakistan's 3G, 4G auction draws disappointing bids

ISLAMABAD: A dismal response in this week's auction for next-generation cellphone spectrum licences means cash-strapped Pakistan will struggle to fund its budget this year, finance and IT ministry officials and telecom industry executives told Reuter...

  Provincial govts, giant organizations do not pay bills: Khwaja Asif

ISLAMABAD: Minister for Water and Power Khwaja Asif has alleged that provincial governments and other giant organizations do not pay electricity bills, media reported. The minister was talking to media on the occasion of a meeting of Pakistan-China w...

  Pakistan, Korea sign MoU for cooperation in energy, investment

ISLAMABAD: Pakistan and Republic of Korea Monday inked a memorandum of understanding for enhanced cooperation in the field of energy, trade and investment. Prime Minister Muhammad Nawaz Sharif and his Korean counterpart Chung Hong-won witnessed the s...

  Govt to begin power projects of up to 10000 MW soon: Dar

ISLAMABAD: Minister for Finance, Ishaq Dar Monday announced that the government was poised to begin work on power projects with a generation capacity of 8000 to 10000 mega watts electricity. In a meeting with British Secretary of State for Internatio...

  3G, 4G licenses auction on April 23

ISLAMABAD: Bids have been received from four cellular phone companies operating in Pakistan in response to the 3G and 4G licenses auction, said spokesman of Pakistan Telecommunication Authority (PTA) Monday. According to the PTA spokesman, no new com...

  Body of Multan treasure hunter discovered

MULTAN: Rescue personnel discovered the body of Zeeshan who dug a 50-foot deep tunnel here looking for buried treasure. Over a day after the operation to recover Zeeshan from the tunnel was imitated, Rescue 1122 teams spotted his body. Zeeshan a resi...

  Oil prices up

SINGAPORE: Oil prices edged higher in Asian trade Monday on escalating Russia-Ukraine tensions that had Moscow and the West locking horns at emergency UN talks, analysts said. US benchmark West Texas Intermediate (WTI) for May delivery gained 51 cent...

  Finance ministry clarifies FM meant increase in tax-net, not tax

ISLAMABAD: The ministry of finance clarifying Federal Finance Minister Ishaq Dar’s reported statement in media, Monday said that the minister talked about increase in tax- net and not the tax, media reported. Finance ministry spokesman in a statement...

  Ishaq Dar announces to increase tax

WASHINGTON: Federal Finance Minister, Ishaq Dar Monday announced to increase taxes immediately after having successfully negotiated fresh loans from the International Monetary Fund (IMF) and the World Bank here, media reported. Following his four-day...

  Efforts to recover Multan man from tunnel dugout for treasure underway

MULTAN: The Rescue 1122 has yet to retrieve a young man, who had dugout a tunnel in his house in search of a hidden treasure, which collapsed and buried him underneath on Sunday here, media reported. According to reports, Zeeshan, a resident of Bagh ...

  South Korea PM arrives today on first-ever visit

ISLAMABAD: Prime Minister of the Republic of Korea, Mr. Chung Hongwon, is arriving In Pakistan Sunday on a four-day official visit to the country, media reported. This will be the first visit to Pakistan by a prime minister of the Republic of Korea s...

  Multan man trapped in trench in an effort to recover ‘treasure’

MULTAN: The Rescue 1122 has yet to retrieve a man who became trapped under the trench that he had been working in to recover a ‘hidden treasure’. According to reports, Zeeshan, a resident of Bagh Beera, dug a part of his house in a bid to retrieve a ...

  Ashgabat host talks on Turkmenistan-Afghanistan-Tajikistan railway project

The Turkmenistan and Tajikistan foreign ministry officials on Thursday met to discuss the Turkmenistan-Afghanistan- Tajikistan railway construction project. The meeting of the Joint Coordination Group was held at the foreign ministry of Turkmenistan ...


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Feature / Analysis

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Opinion

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