Economy

16 passenger trains restored

LAHORE: Pakistan Railways (PR) has restored 16 passenger trains, including Karachi Express, media reported. These trains were suspended temporarily over lack of diesel. Talking to Geo News, General Manager Railways, Junaid Qureshi said PR have purcha...

Ref against PM, Malik, Jahangir ordered

ISLAMABAD: The Supreme Court (SC) has ordered National Accountability Bureau (NAB) to file reference against Prime Minister Raja Pervez Ashraf, Interior Minister Rehman Malik and Jahangir Badar within a week, media reported. A two-member bench compri...

Failure to arrest Tauqeer annoys SC

ISLAMABAD: The Supreme Court (SC) resumed hearing of the Oil and Gas Regulatory Authority (OGRA) implementation case today and expressed its annoyance over the authorities’failure to arrest Tauqeer Sadiq Thursday, media reported. A two-member bench c...

US panel reviews patent ruling

SAN FRANCISCO: The US International Trade Commission on Wednesday ordered review of a ruling that Samsung violated Apple patents for smartphones and tablet computers. Apple filed a complaint with the quasi-official federal agency in 2011, accusing Sa...

CNG pumps reopen in Sindh after 48 hours

KARACHI: CNG stations all across Sindh including the financial hub Karachi reopened after 48-hour closure at 8.00 A. M. Thursday morning, media reported.Long queues of vehicles were witnessed at CNG outlets much before the scheduled reopening time at...

PIA grounds 16 aircraft

KARACHI: The Pakistan International Airlines terminated an agreement signed with a foreign company for the procurement of spare parts to keep its aircraft operational, media reported Thursday. Source said the decision to cancel the contract was taken...

ECP seeks Rs 5 bn grant for polls

ISLAMABAD: The Election Commission of Pakistan (ECP) has sought an additional grant of Rs.5.10 billion to meet election expenses, media reported. The ECP has asked financial division for additional grant of Rs5.099 billion, that included Rs.1.26 bill...

Asian markets mostly down

HONG KONG: Asian markets were mostly down Wednesday, in spite of a Wall Street rally, with Tokyo extending the previous day's fall as the yen strengthened following a Bank of Japan monetary policy shift. Tokyo's Nikkei fell 2.08 percent, or 222.94 po...

Tokyo stocks open 1.25% lower

Tokyo stocks opened 1.25 percent lower Wednesday after the Bank of Japan's new monetary easing policy mirrored market expectations, disappointing investors who had hoped for stronger measures.The benchmark Nikkei 225 index was 134.33 points lower at ...

SC to hear rental power case today

ISLAMABAD: A three-judge bench of the Supreme Court of Pakistan headed by Chief Justice Iftikhar Muhammad Chaudhry will resume hearing in Rs22 billion rental power projects (RPP) scam today (Wednesday). The apex court on Jan 15 issued arrest warrants...

Magsi in Islamabad to attend CCI meeting

ISLAMABAD: Governor Balochistan Nawab Zulfiqar Ali Magsi has arrived in Islamabad to attend meetings of Council of Common Interest (CCI) and Special Economic Zone (SEZ). Governor Balochistan says that he would forcefully present the provincial govern...

SC adjourns hearing of OGRA case

ISLAMABAD: Justice Jawwad S Khawaja said on Tuesday that whatever is happening in NAB is pitiful and we will take a 'judicial notice' of it and that it would be wrong to assume that those sitting in luxurious offices will be spared, media reported. A...

Afghanistan Returns Impounded Tajik Helicopters

DUSHANBE: Afghanistan has agreed to return two Tajik helicopters impounded by Kabul last summer over a tax dispute. Firuz Hamroev, the general director of the company Tajik Air, told journalists on January 21 that one helicopter was back in Dushanb...

KSE 100-share index ends three-week high

KARACHI: The Karachi Stock Exchange's (KSE) benchmark 100-share index ended 1.52 percent, or 253.28 points, higher at 16,894.09. The stock market closed at a three-week high on Tuesday, driven by optimism over upcoming company results, traders said. ...

Oil mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asian trade Tuesday on geopolitical concerns triggered by a bloody showdown between militants and Algerian forces, with weaker crude demand capping gains. New York's main contract, light sweet crude for delivery in...

Asian markets mixed

HONG KONG: Asian markets were mixed on Tuesday, with Tokyo's Nikkei falling and the yen strengthening as dealers were left disappointed by the Bank of Japan's plan to boost the economy. After a two-day meeting the central bank said it would adopt a t...

Karkay decides to go for int’l mediation

KARACHI: A Turkish firm has decided to go for international arbitration to resolve the matter of its ship-mounted power plants stopped in Pakistan, media reported Tuesday. According to reports, the Karkay company has decided to file an application in...

Weekly CNG closure announced in Sindh

KARACHI: Sui Southern Gas Company (SSGC) has announced 48-hour closure of CNG stations across Sindh province starting from 8:00 AM Tuesday, media reported Monday. According to SSGC announcement, under gas load management plan, gas supply to the CNG s...

Petrol up Rs1.65, diesel down 0.92/ltr

ISLAMABAD: Ministry of Petroleum & Natural Resources has granted approval to a summary for the revision of prices of petroleum products, media reported. According to the notification issued here on Monday, the revised POL prices would be effective fr...

Batmobile sold at auction for $4.62 mln

LOS ANGELES: The Batmobile, the futuristic car used in the "Batman" television show, has been sold at auction for $4.62 million, US media reported Monday. The crime-fighting vehicle was built by George Barris, who bought a 1955 Lincoln Futura at a ju...

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