Economy

POL prices likely to be revised

ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) has sent a summary for the revision of prices of petroleum products to the ministry of petroleum & natural resources (MP&NR), media reported. Sources said that the revised POL prices would be effecti...

Afghanistan frees Supreme staff arrested over tax issues

A number of the national and International employees of Supreme Global arrested by the Afghan government were released. Afghan officials said the issue was related to tax payment by the Supreme Global to Afghan government. The company was late to p...

PM withdraws review petition in RPP case

ISLAMABAD: Prime Minister Raja Pervez Ashraf has withdrawn review petition in Rental Power case, media reported. The plea was withdrawn through PM’s counsel Wasim Sajjad. Wasim Sajjad said the review petition was being withdrawn on the directives of ...

SC to resume Gun & Country Club case

ISLAMABAD: The Supreme Court of Pakistan has decided to resume hearing of Gun and Country Club case, media reported on Monday. Chief Justice of Pakistan, Iftikhar Muhammad Chaudhary, being a member of the club, has separated himself from the case. No...

Tauqir Sadiq’s passports cancelled

ISLAMABAD: The interior ministry has cancelled two passports possessed by former chairman of Oil and Gas regulatory Authority (OGRA) Tauqir Sadiq, media reported Monday. According to sources, the interior ministery has cancelled Sadiq’s two passports...

Snow hits EU, London cancels 250 flights

LONDON: London's Heathrow Airport cancelled a fifth of flights on Sunday and airlines scrapped 40 per cent of flights to Paris's main airports as snow continued to blanket parts of Europe, with more forecast. Heathrow Ltd, which is owned by Spain's F...

Oil prices ease in Asia after rally

SINGAPORE: Oil prices were lower in Asian trade Monday as investors took profit following gains last week driven by encouraging economic data from the United States and China. New York's main contract, light sweet crude for delivery in February shed ...

Nokia Siemens Networks plans $930m foray

LONDON:Nokia Siemens Networks (NSN) is planning to raise as much as 700 million euros ($930 million) from public markets in the spring to pay down debt and fund investment, the Financial Times said on its website on Sunday, citing people familiar wit...

Asian shares edge down, yen eases

TOKYO: Asian shares edged lower on Monday, taking a breather after hitting multimonth highs, while the yen touched a new low ahead of the outcome of the Bank of Japan policy meeting this week amid expectations for bold monetary easing measures. The M...

Supporters get jobs as polls draw near

KARACHI: As elections draw near, the rulers have started distributing jobs among their supporters and for this Excise and Taxation Department Sindh Sunday conducted interviews for grade-17 posts despite a weekly off, media reported. Excise department...

LHWs' services regularized

ISLAMABAD: Prime Minister Raja Pervaiz Asharf has approved regularization of services for over 105,000 lady health workers (LHWs) along with the assisting staff besides allowing pension to those who had been retired, MEDIA reported Sunday. According ...

B'stan NAB probing 5 more ministers

QUETTA: NAB Balochistan is probing corruption in various ministries of the provincial government has extended its investigation to five more ministries, media reported Sunday. NAB Balochistan sources said that earlier inquiries into the corruption an...

No gas for Sindh industries for 24 hours

KARACHI: Authorities have suspended natural gas supply to Sindh industries for the next 24 hours, whereas the CNG outlets that retail the gaseous fuel for motorists will open after an hour, media reported. The industrial clusters will remain devoid o...

Sindh CNG stations reopen

KARACHI: CNG) stations all across Sindh including the meg-metropolis city reopened after long 48 hours closure at 8.00 A. M. Sunday morning, media reported. Long queues of vehicles were witnessed at CNG outlets much before the scheduled reopening tim...

Solar Experts See Strong Potential in Afghanistan

Afghanistan's Ministry of Energy and Water has not worked sufficiently on supporting solar power in Afghanistan despite its strong potential, solar companies said in Kabul Wednesday. A number of solar power analysts have indicated that Afghanistan'...

July-Nov industrial production up 2.38pc

ISLAMABAD: Despite the deteriorating law and order situation and the ongoing power crisis, the industrial rate of production has managed to go up by 2.38 percent in the first five months (July-November) of the current fiscal. According to the figures...

KSE-100 index gains 310.68 points

KARACHI: Karachi Stock Exchnage (KSE) closed higher on Friday following news that the government had struck a deal with protesters occupying the main street in the capital and the protesters had agreed to go home. The KSE benchmark 100-share index en...

Pak loans cannot be written off: IMF

ISLAMABAD: Head of the International Monitory Fund (IMF) mission in Pakistan, Jeffrey Frank said that the IMF cannot write off or restructre Pakistan’s loan. While speaking to the media, Frank further said that Pakistan has not formally sought a new ...

POL prices likely to be changed

ISLAMABAD: The prices of petroleum products are expected to be changed by January 22, media reported Friday. According to sources, prices of petrol and kerosene oil and high octane are likely to be raised by Rs1.5, Rs0.85 and Rs2.30 respectively. The...

Arrest Tauqir Sadiq by Jan 22: SC

ISLAMABAD: The Supreme Court of Pakistan on Friday granted NAB time till January 22 to arrest former OGRA chairman Tauqir Sadiq allegedly involved in Rs 80 billion scam, media reported Friday. A division bench of the apex court comprising Chief Justi...

«Previous