Economy

Sindh CNG stations shut second time in a week

KARACHI: All CNG stations across Sindh have been closed on Thursday for 24 hours, media reported. According to the report, the CNG pumps have been shut second time in a week which would be reopened on Friday at 8 AM. Sui Southern Gas Company (SSGC) s...

Oil rebounds in Asia on bargain hunting

SINGAPORE: Oil rebounded in Asian trade Thursday on bargain hunting following a recent sharp fall, but analysts said prices would continue to be weighed down by signs of weaker demand. New York's main contract, light sweet crude for delivery in June ...

Karachi Stock Exchange closes higher

KARACHI: Pakistani stocks closed higher on Thursday due to emerging clarity and optimism about timely elections on May 11. Fauji Fertiliser continued to rally after its result announcement while investors remained skeptical about Engro Corporation du...

World Labour Day being observed in Pakistan also

KARACHI: Like other parts of the globe, International Labour Day is being observed across the country including the mega-metropolis city here on Wednesday (today) to renew pledge for protecting rights of workers. All government and private organisati...

Asian markets closed for holiday

HONG KONG: Financial markets in China, Hong Kong, South Korea, the Philippines, Malaysia, Thailand, Taiwan and Singapore are closed on Wednesday for public holidays. (AFP) ...

First Australian banknote set to fetch $3.6mn

SYDNEY: Australia's first banknote, printed 100 years ago and found in a letter in England in 1999, has gone on sale for Aus$3.5 million (US$3.6 million), auctioneers said Wednesday. The 10 shilling note, with the serial number M000001, was issued on...

Euro mixed in Asia

TOKYO: The euro was mixed in Asian trading on Tuesday morning after the weekend formation of a coalition government in Italy ended a political stalemate which had dragged on for months. In Tokyo the single currency was slightly weaker on the dollar a...

Oil down in Asia on weak US data

SINGAPORE: Oil was down in Asia on Monday as weak economic data from the United States sparked concerns over a softer demand for crude, analysts said. New York's main contract, light sweet crude for delivery in June dropped 48 cents to $92.52 a barre...

Asian shares mixed after US growth data

HONG KONG: Asian markets were mixed on Monday while the dollar slipped after US economic growth data came in below forecast owing to deep federal spending cuts. With Tokyo and Shanghai closed and the May Day bank holiday coming up on Wednesday, tradi...

Oil prices down in Asia on profit-taking

SINGAPORE: Oil prices eased in Asia on Friday as traders cashed in recent gains following signs of strengthening US energy demand and concerns over Syria, analysts said. New York's main contract, light sweet crude for delivery in June dropped 62 cent...

Dollar slips in Asia

TOKYO: The dollar sank against the yen in Asia on Friday after the Bank of Japan held off new easing measures at its first policy meeting since this month's huge stimulus. The dollar bought 98.73 yen in afternoon trade, from 99.29 yen in New York lat...

Oil down in Asia on weak US data

Euro up against dollar

SINGAPORE: The euro rose against the dollar in Asia Monday after data showed the US economy grew at a slower rate than forecast in January-March, while eyes are on a key Federal Reserve meeting, analysts said. The euro fetched $1.3052 in mid-morning ...

Oil down in Asian trade

SINGAPORE: Oil was down in Asia on Tuesday as traders took profits from recent gains and ahead of the May Day holiday, analysts said. New York's main contract, light sweet crude for delivery in June dropped 17 cents to $94.33 a barrel and Brent North...

POL prices slashed: petrol down Rs4.72, diesel 2.53/ltr

ISLAMABAD: The government has slashed prices of petroleum products, bringing down the price of petrol by Rs4.72 per litre and diesel by Rs2.53 with effect from May 1, media reported Tuesday. The Oil and Gas Regulatory Authority (OGRA) has issued a no...

3D printing could herald new industrial revolution

GENEVA: As potentially game-changing as the steam engine or telegraph were in their day, 3D printing could herald a new industrial revolution, experts say. For the uninitiated, the prospect of printers turning out any object you want at the click of ...

UAE to Support Afghanistan Beyond 2014

United Arab Emirates has pledged long-term aid to Afghanistan after 2014, Arab officials said on Thursday. United Arab Emirates' Embassy to Afghanistan said that as part of supporting development projects in Afghanistan the country's aid will be co...

Afghanistan Jails US Government Employee

A former contractor for a recently completed U.S. Agency for International Development (USAID) project in Afghanistan has been sentenced to two-and-a-half years in prison and a $9,500 fine. Noor Anwarzai, 36, was sentenced by Afghanistan’s Special ...

Shahbaz vows to end loadshedding

LAHORE: Pakistan Muslim League-Nawaz (PML-N) leader Shahbaz Sharif has reiterated to end loadshedding after being elected to power in centre, media reported. Addressing a public rally in Warburton area of Nankana Sahib, the former chief minister said...

Pakistan stocks close higher; rupee weakens

KARACHI: Pakistani stocks closed higher on Tuesday, following better results announcements from companies and renewed buying interest in Engro Corporation stocks. The Karachi Stock Exchange's (KSE) benchmark 100-share index ended 0.22 percent, or 41....

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