Economy

India removes telecom case prosecutor over leaked tape

NEW DELHI: Indian police have removed a key prosecutor in the country’s biggest corruption trial after he was allegedly heard on a leaked tape discussing courtroom strategy with the accused. India’s CNN-IBN news channel aired a recorded conversation...

Australian broadcaster not to cover India Tests

SYDNEY: Australia's public broadcaster Tuesday said it will not broadcast or report live from the upcoming cricket Test series in India after deciding not to pay inflated rights fees. The ABC said it could not afford the broadcast rights fees demande...

Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asia Tuesday as dealers trod cautiously ahead of US President Barack Obama's State of the Union speech and as eurozone finance ministers discuss a debt bailout for Cyprus. Talks of a currency war as Japan loosens m...

US stock markets end a quiet session

NEW YORK: Stocks ended a quiet session with slight moves on Monday as investors found few reasons to keep pushing shares higher following a six-week advance, though the longer-term trend was still viewed as positive. The benchmark index is up more 6....

Asian markets mixed

HONG KONG: Asian markets mostly rose in holiday-thinned trade Tuesday, as reports that North Korea had possibly carried out a nuclear test spooked investors early on but Seoul pared initial losses. Tokyo was boosted by a weaker yen while Sydney was a...

Yen strengthens in Asian trade

TOKYO: The yen strengthened in Asian trading on Tuesday after tumbling in New York while a US Treasury official praised Japan's recent moves to boost the economy as Tokyo faces claims it is manipulating the unit. The dollar bought 94.04 yen, from 94....

Court issues notices to OGRA & Fed Govt on PDL notification

LAHORE : The Lahore High Court has prohibited collection of petroleum development levy on LPG. media reported The Lahore High court resumed hearing the case against collection of the petroleum development levy on LPG. During proceedings today LPG com...

KSE crosses 17,500 mark

KARACHI: Pakistan's stock market closedhigher on Monday after crossing the 17,500 mark for the first time, partially fueled by gains made in the energy and textile sector as they benefited from a weaker rupee. The Karachi Stock Exchange's (KSE) bench...

Tauqeer Sadiq should be deported by Feb 14: SC

ISLAMABAD: The Supreme Court resumed hearing of the OGRA implementation case and ordered that former OGRA Chairman Tauqeer Sadiq should be deported back to Pakistan before his detention in Dubai expires on 14 February. In its order, the Supreme Court...

Women, children protest against load shedding

JALALPUR: Women and children held protest demonstration on Monday against unannounced electricity load shedding and chanted slogans against the government. Women and children of the factory workers of Mian da Kot where the duration of load shedding o...

Rupee touches record low against USD

KARACHI: The rupee touched an all-time low against the US dollar on Monday as huge foreign payments on account of IMF loan instalments, oil-related payments and speculative sentiment kept the local currency under pressure, media reported. During the ...

Faisalabad: CNG stations open up after two months

FAISALABAD: At last, CNG stations in the city opened up after a prolonged shutdown for two months, while the motorists and rickshaw drivers were seen making a beeline for getting their cylinders re-filled on Monday here, media reported. Sui Northern ...

Lahore turns festive as Metro Bus service opens

LAHORE: The Metro Bus System (MBS), arguably the country’s first rapid mass transit bus project, was launched here on Monday. It was inaugurated by Punjab Chief Minister Shahbaz Sharif at a ceremony attended by Turkish Deputy Prime Minister Bekir Bo...

Zardari was tried as beneficiary, not as accused: Naek

ISLAMABAD: The Pakistan People’s Party believes that after the Swiss authorities’ refusal to open a corruption case against President Asif Ali Zardari there is no case pending against its co-chairman in any court. “There is no case pending against t...

India Approves Set Up of Company for Trans-Afghan Gas Pipeline

NEW DELHI: India's federal cabinet approved the formation of a company that will build a multibillion-dollar trans-Afghanistan pipeline project to bring in natural gas from Turkmenistan. Thursday's decision takes the estimated $7.6 billion project ...

Oil prices turn mixed in Asian trade

SINGAPORE: Oil turned mixed in Asian trade Monday on profit-taking, but analysts said optimism over stronger energy demand sparked by robust US and China trade data should support prices. New York's main contract, light sweet crude for delivery in Ma...

NAB gives clean chit to Riaz in land scam

RAWALPINDI: Days before the formation of a caretaker set-up, the National Accountability Bureau (NAB) has exonerated property tycoon Malik Riaz Hussain and his son Ali Riaz Malik from a four-year-old land fraud case. The Anti-Corruption Establishmen...

Corruption, tax theft needs to be eliminated: Imran

CHAKWAL: Pakistan Tehreek-e-Insaf chairman Imran Khan said Sunday that it was essential to eliminate corruption and tax theft in order to steer the country towards the path of prosperity. Addressing a convention of party workers here, Imran said he h...

Quetta teachers’ hunger strike enters 14th day

QUETTA: The hunger strike of the teachers recruited under Aghaz-e-Haqooq Balochistan Package Sunday entered 14th day, as the government remained apathetic to their demand for the confirmation of their jobs. The teachers observing hunger strike outsid...

Swiss authorities decision supported government stance: Naek

LAHORE: Law Minister Farook Naek called on President Asif Ali Zardari at the Bilawal House here on Sunday. During the meeting, the law minister informed the president that the decision by Swiss authorities supported the stance of the government. On S...

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