Economy

  Taiwan seizes 200 kgs of ketamine from China

TAIPEI: Taiwan police said Sunday they had seized about 200 kilograms (440 pounds) of ketamine worth millions of US dollars and smuggled from China, in the second such drugs bust this year. The haul was discovered in a shipment of shoes in three cont...

  Former tehsildar held for embezzlement

PESHAWAR: The National Accountability Bureau, Khyber Pakhtunkhwa, on Friday arrested former tehsildar of the Revenue Department, Fazal Hussain, on embezzlement charges. He was allegedly involved in misappropriation of mutation fee in various revenue ...

  Edrogan trying to protect his cronies, critics allege

ISTANBUL: The sons of the Turkish interior and economy ministers were charged and placed in custody early Saturday in connection with a graft probe that has tarnished Prime Minister Recep Tayyip Erdogan, television stations reported. The managing dir...

  Yunus Habib takes U-turn, says never paid Sharifs any money in Mehrangate

ISLAMABAD: Yunus Habib, the famous character of the Mehrangate scam, has taken a new turn by stating that he had never paid any money to Mian Nawaz Sharif or his younger brother Mian Shahbaz Sharif.Talking to the media here on Friday, the former Mehr...

  Scandal-hit Turkey PM presses police purge

ISTANBUL: Turkish prosecutors have begun charging some of Prime Minister Recep Tayyip Erdogan´s closest allies in a huge graft scandal he has responded to with a spectacular purge of the police. Erdogan has said he is battling "a state within a state...

  ICA allows India to construct Kishanganga Dam

HAGUE: International Court of Arbitration (ICA) has allowed India to build Kishanganga Dam in the occupied Kashmir, however, the neighnouring country has been ordered to provide half of the dam’s water to Pakistan. Pakistan has received the verdict o...

  Police find heroin stamped with 'Obamacare'

HATFIELD: Massachusetts state police say they've stopped a car carrying 1,250 packets of heroin stamped "Obamacare" and "Kurt Cobain" and arrested the four people inside it. Police say a trooper was making a traffic stop in Northampton when another c...

  Rupee further strengthens against dollar, ends at 105.75

KARACHI: The rupee ended higher at 105.75 against the dollar on Friday, media reported. The dollar, after a fall of 65 paisa ended at four-month low against rupee at 105.75 in the open market. Following the statement of Finance Minister Ishaq Dar abo...

  IMF hands over list of demands to Pakistan

WASHINGTON: The International Monetary Fund (IMF) has approved the second tranche of 550 million dollars to Pakistan under the 6.6 billion dollar loan programme but has also handed over a list of demands. The IMF has demanded from the Pakistan govern...

  Dollar higher in Asia after Fed taper decision

TOKYO: The dollar rose to a five-year high against the yen in Asian trade on Friday after the US Federal Reserve´s decision start decreasing its stimulus programme next month. The greenback peaked at 104.43 yen in early trade -- its highest sin...

  Oil prices slip

SINGAPORE: Oil prices eased on profit-taking in thin Asian trade Friday following gains in New York fuelled by upbeat sentiment over the US Federal Reserve´s decision to begin easing its massive stimulus programme. New York´s main contract, We...

  Egypt court acquits ex-PM, Mubarak sons of corruption

CAIRO: An Egyptian court has acquitted Ahmed Shafiq, a former prime minister and presidential candidate, and two sons of ousted dictator Hosni Mubarak, of corruption charges. Shafiq fled to the United Arab Emirates shortly after he narrowly los...

  GDP growth rises to 5pc in current financial year: Dar

ISLAMABAD: Finance Minister Ishaq Dar has said that due to viable economic reforms, the country is heading towards economic revival and stability.   Making a policy statement in the National Assembly on Thursday, Ishaq Dar said that due to these...

  Accountant General of Pakistan removed for filing corruption references

ISLAMABAD: The government has suspended Accountant General of Pakistan Tahir Mehmood and a notification has also been issued in this regard.   Sources told media on Thursday that the 21-grade officer had sent corruption references against alleged...

  IMF approves 2nd tranche of $550m for Pakistan

KARACHI: The International Monetary Fund (IMF) has approved the second tranche of 550 million dollars to Pakistan under the 6.6 billion loan program, media reported Thursday.   According to sources, the approval for the issuance of second tranche...

  KSE ends up in red zone; rupee strengthens vs greenback

KARACHI: Institutional profit-taking Thursday weighed down on Karachi Stock Exchange (KSE) pressing it to a somewhat flat close.   By the time the closing bell chimed the KSE-100 Index had lost 0.20 percent, or 51.82 points, to finish at 25,472.64-...

  Ordinance promulgated to help widows, special people

PESHAWAR: Khyber Pakhtun-khwa Governor Shaukatullah has promulgated the Khyber Pakhtunkhwa Deserving Widows and Special Persons Welfare Foundation Ordinance 2013. Following the promulgation of the new ordinance, a welfare foundation would be e...

  Domestic consumers to face more load shedding: Khawaja Asif

ISLAMABAD: Minister for Water and Power Khawaja Asif has cautioned that the domestic consumers would face more load shedding unwillingly for few weeks, media reported.   Khawaja Asif issued this statement over expected increase in power outages b...

  We can’t close our doors for immigrants: US representative

DALLAS: America can only be a real land of opportunity for immigrants until members of Congress pass the immigration bill, US House Representative Eric Swalwell said.   Addressing a reception hosted by Dr. Muhammad Tariq and Aisha Tariq at their...

  Senate bill would allow US to resume Egypt aid

WASHINGTON: A Senate panel approved a bill Wednesday that would allow the United States to resume its full $1.6 billion aid relationship with Egypt by granting President Barack Obama the power to waive a federal law based on national security. Wid...


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Feature / Analysis

  • SMOG IN INDIA, CHINA IS CHANGING WEATHER PATTERNS IN US, FINDS STUDY

    Man-made air pollution in Asia is exacerbating climate change and link...

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  • Amid construction boom, Myanmar starts to build disaster resilience

    YANGON, Myanmar: The Sule Pagoda Road in downtown Yangon is famous for...

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  • EPA scores big win to limit mercury in power plants

    The Environmental Protection Agency took home a sweeping victory Tuesd...

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  • Asian Pollution Boosts Pacific Storm Power

    Pollution from China's coal-burning power plants is pumping up winter ...

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Opinion

  • Coal Returns to German Utilities Replacing Lost Nuclear

    What’s a beleaguered utility to do when forced by the government to cl...

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  • US Is an Oligarchy Not a Democracy, says Scientific Study

    A study, to appear in the Fall 2014 issue of the academic journalPersp...

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  • An unequal battle

    WHILE going to the Karachi Press Club to attend a press conference cal...

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  • Turtles Change Migration Routes Due to Climate Change

    CAHUITA NATIONAL PARK, Costa Rica : The critically endangered hawksbil...

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