Economy

  PIA starts air service to Mashhad

ISLAMABAD: Pakistan International Airlines (PIA) has started air service to the Iranian city of Mashhad. Flights will be operated twice a week from Quetta and Lahore, Radio Pakistan reported on Tuesday....

  Dollar static ahead of US data

TOKYO: The dollar was flat in Asia on Tuesday as investors waited on fresh US data for clues on how the world´s biggest economy is faring. The greenback was at 102.51 yen in Tokyo morning trade, compared with 102.48 yen in New York Monday afternoon. ...

  Asian shares higher after Wall St rally

HONG KONG: Asian markets rose on Tuesday, following a strong lead from Wall Street as investors await the release of key US data later in the week. The dollar and euro edged up against the yen as a more positive mood settled across the region, while ...

  Oil prices down in Asian trade

SINGAPORE: Oil prices eased in Asian trade Tuesday as caution set into the market ahead of the release of US economic and stockpiles data, analysts said. New York´s main contract, West Texas Intermediate for April delivery, fell 40 cents to $102.42 i...

  China to invest $30bn in energy sector in Pakistan

LAHORE: Chief Minister Punjab Shahbaz Sharif has stated that China had shown willingness to invest $30 billion in the energy sector in Pakistan, media reported. In an exclusive interview with media programme Aaj Kamran Khan Kay Sath, Shahbaz Sharif s...

  Nokia targets emerging markets with Android phones

BARCELONA: Nokia is targeting emerging markets with three low-cost smartphones that use Google's Android operating system rather than the Windows Phone software from Microsoft, which is about to take over Nokia's handset business. Nokia will ditch ma...

  Polo Ground case: Court adjourns hearing until March 6

ISLAMABAD: The Accountability Court has reserved its decision on the petition of Asif Ali Zardari seeking acquittal in the Polo Ground reference on Monday here, media reported. During the hearing, former president Asif Ali Zardari’s counsel Farooq H....

  St. Joseph's Hospice in Islamabad faces closure

RAWALPINDI: Mohammed Aqeel spent weeks at home in Pakistan waiting for death after suffering a debilitating spinal cord injury in a car crash before friends suggested he come to St. Joseph´s Hospice on the outskirts of the capital, Islamabad. Now 13 ...

  Asian shares lower despite G20 growth pledge

HONG KONG: Asian stock markets mostly lost ground in morning trade Monday, with investors little moved by the G20´s commitment at the weekend to boost global growth by $2 trillion over five years. After a weak lead from Wall Street, markets were look...

  Dollar rangebound amid lack of fresh clues

TOKYO: The dollar remained locked in a narrow range in Asia trade Monday as players searched for fresh clues ahead of this week´s release of key economic indicators. The dollar stood at 102.40 yen, little moved from 102.49 yen in New York Friday. The...

  Oil rebounds after G20 vows to spur global growth

SINGAPORE: Oil prices rebounded in Asian trade Monday as the world´s biggest economies vowed to spur global growth by more than $2 trillion over five years. New York´s main contract West Texas Intermediate (WTI) for April gained 28 cents to $102.48 w...

  CNG stations shut for 24 hours in Sindh

KARACHI: All the CNG stations in Sindh will remain closed from Monday morning to Tuesday morning. The CNG stations found operating during this period will have their gas supply disconnected....

  Pak-Afghan JEC session kicks off in Kabul

KABUL: The 9th session of Pakistan-Afghanistan Joint Economic Commission (JEC) kicked off here Sunday in which matters relating to expanding bilateral economic cooperation are on the agenda. Finance Minister Ishaq Dar is leading the Pakistani delegat...

  Gem & jewellery exhibition concludes on high note

ISLAMABAD: A three-day gem & jewellery exhibition organized by Pakistan Gems and Jewellery Development Company (PGJDC) concluded on a high note here on Sunday. Shafqat Naghmi Federal Secretary of Ministry of Industries and Production graced the event...

  WhatsApp? Service down, three days after Facebook deal

NEW YORK: WhatsApp´s 450 million worldwide users were unable to access the smartphone free-messaging service on Saturday, three days after Facebook declared it was lavishing up to $19 billion on it. "Sorry we currently experiencing server issues. We ...

  Lahore: Miscreants attack anti encroachment squad

LAHORE: A violent mob of traders and encroachers at Township main market ransacked government vehicles and traffic signals after attacking the anti encroachment squad of the Town Municipal Administration (TMA) of Iqbal Town here on Friday. The incide...

  Dollar mostly higher despite weak US home sales data

NEW YORK: The dollar slipped against the euro but gained against other major currencies Friday as investors appeared to shrug off another disappointing report on the US housing market. The euro traded at $1.3734 around 2300 GMT, up from $1.3721 late ...

  Pakistani stocks break losing streak

KARACHI: The apex bourse ended the week on a strong note as the benchmark 100-share index of the Karachi Stock Exchange (KSE) jumped by 0.38 percent, or 96.55 points on Friday. The KSE-100 Index closed at 25,603.35 on the rollover day after a string ...

  In Pakistan, life is tough for a trained monkey

RAWALPINDI: Performing monkeys are a common feature of life in many Pakistani cities where they can be seen doing tricks and entertaining people while dressed up in sparkly outfits and clothes. For Pakistanis who raise and train the monkeys they are ...

  15 accused arrested on charges of power stealing

PESHAWAR: The Pesco checking teams with collaboration of Peshawar police station nabbed 15 more accused charged for using electricity through direct hooks and sent them to jails. The Pesco Special Magistrate after hearing case sent the accused to Cen...


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