Economy

  KSE-100 index down by 300 points

KARACHI: Investors wary of political wrangling in the country continued to remain cautious during trading on Wednesday morning also, media reported. Following a crash by 666 points on Monday, the market showed somewhat recovery on Tuesday but it was ...

  McDonald's meat scandal: Did Pakistanis consume rotten meat?

KARACHI: A company that had been banned in China over selling chicken and beef beyond their expiry had also exported meat to McDonald’s Pakistan last month. This gives rise to a question whether or not Pakistanis had been consuming burgers, drum stic...

  Income tax notice issued to Tahirul Qadri

LAHORE: The Federal Board of Revenue (FBR) has issued an income tax notice to Pakistan Awami Tehreek (PAT) chief Dr Tahirul Qadri. The Rs35 million notice was issued after evaluating Dr Qadri’s assets over the last three years. According to sources t...

  Oil prices up on reviving Middle East supply fears

SINGAPORE: Oil prices rose in Asia Tuesday on reviving fears of supply disruptions in the Middle East, analysts said. US benchmark West Texas Intermediate (WTI) for September delivery rose 14 cents to $98.43, while Brent crude for September gained 19...

  Australia ‘offered asylum-seekers lifeboats to go to India’

SYDNEY: Asylum-seekers held on an Australian customs vessel at sea for weeks were given lifeboats and told to make their own way back to India, a lawyer for the group said Monday. The boatload of 157, who lawyer Hugh de Kretser said were mostly Chris...

  Italy navy rescues 2,700 migrants, recovers two bodies

ROME: The Italian navy said Monday it had rescued over 2,700 migrants from boats attempting to cross the Mediterranean from North Africa over the weekend, and recovered two bodies off the coast of Libya. "Over 2,700 people were rescued between Friday...

  Metro Bus Project work resumes after Eid holidays

ISLAMABAD: After consuming the Eid-ul-Fitr holidays, the workers and laborers have resumed construction work of the Rawalpindi-Islamabad Metro Bus Project. After almost a week long holidays the work on the project has not only started but also going ...

  Hong Kong stocks up 0.24 percent at open

HONG KONG: Hong Kong stocks rose 0.24 percent in the first few minutes of trade Friday, despite losses on Wall Street last week. The benchmark Hang Seng Index climbed 57.68 points to 24,590.11 at the open....

  Oil price up in Asian trade

SINGAPORE: Oil prices rose in Asia Monday, but analysts said gains were capped following weakened demand caused by refinery shutdowns and easing concerns about armed conflicts around the world. US benchmark West Texas Intermediate for September deliv...

  Obaro sans electricity suffers for last 40 hours

OBARO: The repair work of the power pylons damaged due to strong winds still underway, while the citizens here continue suffering the power outage for last 40 hour, media reported. Sources said the two poles of high transmission line of 132 KV had fa...

  Government yet to fix minimum wage of Rs15,000

PESHAWAR: The provincial government and opposition’s decision to fix minimum wages for the unskilled workers at Rs15,000 per month proved nothing less than a joke as the government has not yet implemented the decision. The government in its annual bu...

  65 killed in eastern China factory explosion: state media

BEIJING: An explosion at a factory in eastern China on Saturday killed 65 people, a government broadcaster said, while more than 100 were injured in what appeared to be an industrial accident. The explosion in Kunshan, a city in the eastern province ...

  Second shipment of 20 rail engines arrive Karachi seaport

KARACHI: The second shipment of twenty railway engines for Pakistan Railway has been unloaded at the seaport here, media reported. Railway officials told that in all 58 railway engines were purchased from China, whose second shipment has now arrived ...

  Tokyo stocks open down 0.70 percent

TOKYO: Tokyo stocks opened 0.70 percent lower on Friday, following a sell-off on Wall Street on weak eurozone data, the Argentine debt default and other negative news. The Nikkei 225 index lost 109.23 points to 15,511.54 at the start. US stocks fell ...

  Oil prices extend losses in Asian trade

SINGAPORE: Oil prices tumbled further in Asia Thursday as concerns eased that fresh Western sanctions on Russia over Ukraine would have an immediate impact on global oil supplies, analysts said. US benchmark West Texas Intermediate (WTI) for Septembe...

  Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asia Wednesday as dealers stood on the sidelines awaiting the latest US stockpiles report for clues about demand in the world´s top crude consumer, analysts said. US benchmark West Texas Intermediate for September ...

  Tokyo stocks open flat

TOKYO: Tokyo stocks opened flat on Wednesday, after US shares slid amid concerns over the Ukraine crisis as the United States and European Union broadened sanctions on Russia. The Nikkei 225 index was down 0.01 percent, or 1.18 points, at 15,616.81 a...

  Oil prices drift lower

TOKYO: Oil prices dipped in Asian trade Monday ahead of the release of US economic growth and jobs data later in the week, while investors track events in Ukraine and the crude-rich Middle East. The US benchmark futures contract, West Texas Intermedi...

  Dollar maintains gains in Asia

TOKYO: The dollar held firm in Asia Wednesday after striking above 102 yen in New York trade while it was sitting at an eight-month high against the euro after the West widened sanctions against Russia. The greenback bought 102.11 yen in midday Tokyo...

  Hong Kong stocks up 0.30 percent at open

HONG KONG: Hong Kong stocks climbed 0.30 percent Thursday morning, an eighth-straight gain, as dealers welcomed data showing the US economy grew much more than expected in the second quarter of the year. The benchmark Hang Seng Index rose 73.54 point...


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Feature / Analysis

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Opinion

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