Economy

  CDA chief for speedy completion of parks uplift projects

ISLAMABAD: Chairman Capital Development Authority (CDA) Maroof Afzal has directed for speedy completion of repair, maintenance and upgradation work of the parks in the federal capital. Modern facilities should be provided at the parks so that the cit...

  Dollar rallies in Asia on upbeat US data

TOKYO: The dollar rallied against the yen in Asia Friday as investors digested mixed US data, while weak eurozone manufacturing pressured the euro. In midday Tokyo trade, the greenback fetched 102.47 yen, from 102.32 yen in New York Thursday. The eur...

  Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asian trade Friday as dealers weighed concerns that the Chinese economy may be losing strength against upbeat US stockpiles figures, analysts said. US benchmark West Texas Intermediate (WTI) for April eased one cen...

  Facebook bets big on mobile with $19 bn WhatsApp deal

SAN FRANCISCO: Facebook is betting huge on mobile with an eye-popping cash-and-stock deal worth up to $19 billion for Internet Age smartphone messaging service WhatsApp. The surprise, mega-deal announced on Wednesday bolsters the world's biggest soci...

  Five tiger cubs seized in Thai police wildlife haul

BANGKOK: Thai police said Thursday they have seized five wild tiger cubs along with hundreds of other animals being smuggled to neighbouring Laos, for apparent onward sale in Vietnam or China as delicacies. Highway officers on Wednesday stopped a pic...

  Yen gains in Asia

TOKYO: Currency traders moved into the yen in Asia on Thursday as weak data from the US, Japan and China dented investor confidence in the state of the global economy. The dollar sank to 101.87 yen in Tokyo, from 102.31 yen on Wednesday in New York w...

  Hong Kong stocks ease 0.3 percent

HONG KONG: Hong Kong shares slipped 0.3 percent in opening trade on Thursday, following losses on Wall Street on news that US Federal Reserve policymakers sought an early hike in the benchmark interest rate. The benchmark Hang Seng Index slipped 68.6...

  Oil down in Asia on weaker China manufacturing sector

SINGAPORE: Oil prices fell in Asian trade Thursday after a closely-watched index showed that China´s key manufacturing sector contracted further in February to hit its lowest level in seven months. US benchmark West Texas Intermediate (WTI) for March...

  CDA demolishes 14 illegal bus van stands

ISLAMABAD: In compliance with the orders of Islamabad High Court, the Capital Development Authority (CDA) on Wednesday demolished 14 illegal bus and wagon stands operating at Faizabad and Mandi Mor. Officials of the Enforcement Directorate of CDA and...

  Power tariff likely to soar by Rs2/unit

ISLAMABAD: Power tariff is likely to witness a rise of Rs2 per unit for the month of January as a result of increased dependence on power generated from expensive sources. The power generation from hydel plants – a cheaper source of electricity produ...

  Tokyo stocks open down 0.77 percent

TOKYO: Tokyo stocks opened down 0.77 percent on Wednesday after surging the previous day on the Bank of Japan´s decision to expand lending schemes. The Nikkei-225 index, which jumped 3.13 percent Tuesday, fell 113.76 points to 14,729.48 at the start....

  Yen rises in Asia after tumble on BoJ announcement

TOKYO: The yen rebounded in Asia Wednesday after it tumbled on the Bank of Japan´s move to boost lending to commercial banks, as investors eye US housing data and minutes from the Federal Reserve´s last meeting. In afternoon Tokyo trade, the dollar b...

  Oil prices mixed in Asian trade

SINGAPORE: Oil was mixed in Asia on Wednesday with extreme US weather and renewed conflict in South Sudan providing support to prices amid pressure to lock in profits from recent gains. New York's main contract West Texas Intermediate (WTI) for March...

  Afghanistan Imports 80% of Dairy From Abroad

Around 80 percent of Afghanistan's dairy is imported, particularly from Iran and Pakistan, the Kabul Dairy Union recently. Only five cooperative unions have been created for collecting, processing and producing dairy, the union said. About 27,000 lit...

  Pakistan signs CASA-1000 agreement to import electricity

WASHINGTON: Pakistan, Afghanistan, Tajikistan and Kyrgyzstan have signed an agreement CASA-1000 which will enable Islamabad to import electricity to meet its energy needs. Federal Minister for Water and Power Khawaja Asif represented Pakistan in the ...

  Asian shares mixed ahead of BoJ meeting outcome

HONG KONG: Asian stocks were mixed Tuesday as traders awaited the result of a Bank of Japan policy meeting, following disappointing Japanese quarterly growth figures the day before. After a day of gains, Asia´s markets had no cues from Wall Street wh...

  Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asian trade Tuesday with cold weather in the United States pushing demand for heating fuel higher and credit growth in China also giving support. Investors were awaiting fresh leads following the closure of US fina...

  PM Nawaz cancels Karachi visit: sources

KARACHI: Prime Minister Nawaz Sharif has cancelled his scheduled visit to Karachi, media reported Monday. PM Nawaz was to participate in export award ceremony of Karachi Chamber of Commerce and Industry (KCCI). During the visit, he was also expected ...

  SACC hosts its 20th anniversary gala

HOUSTON: The Houston South Asian Chamber of Commerce hosted their 20th anniversary gala in Houston local hotel to honoring outstanding business leader S.Javaid Anwar, CEO of Midland Energy, and Anthony Melikhov, founder of Unite 4 Good, this year's O...

  Asia stocks rise as China credit growth rebounds

BEIJING: Asian stock markets rose Monday after China´s bank lending in January beat forecasts and Europe reported stronger-than-expected economic growth. The Shanghai Composite Index added 0.3 percent to 2,122.9 and Tokyo´s Nikkei 225 gained 0.4 perc...


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Feature / Analysis

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Opinion

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