Economy

  Sindh CNG pumps shut for 24 hours

KARACHI: CNG stations across Sindh including Karachi have been shut at 8:00 AM for 24 hours, media reported. According to Sui Southern GAS Company (SSGC), the CNG supply would remain suspended from 8:00 AM Monday to 8:00 AM Tuesday. The spokesman sai...

  Experts eye Tesla to spur China's electric car market

BEIJING: With its racing body, reasonable pricing and ecological concept, Tesla's latest pureelectric sports car has caught the eye of motor enthusiasts, industry insiders andenvironmentalists in China.Amid high sales expectations and cautious sizing...

  U.S. Inspector Faults USAID Over Continued Afghan Funding

Auditors have warned that the U.S. Agency for International Development (USAID) continues to provide money to Afghan government ministries -- even though the Afghan ministries usually can’t manage or account for the funding. The U.S. Congress has vot...

  Prime minister inaugurates highway

QUETTA: Prime Minister, Muhammad Nawaz Sharif, Thursday inaugurated Qila Saifullah Zhob N-50 Highway. Chief of Army Staff General Raheel Shareef, Chief Minister Balochistan Dr. Abdul Malik Baloch, Governor Balochistan Muhammad Khan Achakzai, Interior...

  OGRA corruption: Accountability Court orders NAB to file reference by Feb.4

ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) former chairman Tauqir Sadiq was presented in the Accountability Court in OGRA corruption case on Saturday here, media reported. During the hearing, NAB officials made a plea that the objections rais...

  Additional metro bus projects approved for Punjab

LAHORE: The Punjab cabinet met here on Saturday under the chair of Chief Minister Shahbaz Sharif and gave its approval for additional metro bus projects in the province. The provincial cabinet approved metro bus projects for Multan, Faisalabad, Islam...

  Obama hints at easing stance on immigration

WASHINGTON: President Barack Obama and top Republican leaders are signaling willingness to soften their stances on immigration legislation as they try to open the door for compromise before many in Congress face elections late this year. Obama sugges...

  US lowers India's safety ranking

NEW DELHI: US aviation authorities have downgraded India’s safety ranking in a “disappointing” and “surprising” move that will hit air links between the countries, India’s aviation minister said on Friday. The US Federal Aviation Administration (FAA)...

  Two petroleum products prices reduced, rest unchanged

ISLAMABAD): While keeping the prices of rest of the petroleum products unchanged, the government Friday reduced that of kerosene and light diesel oil (LDO), by Rs1.24/litre and by Rs1.02/litre respectively for February, media reported. A notification...

  Decrease in POL prices recommended by OGRA

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has sent a summary to the Ministry of Petroleum and Natural resources seeking a decrease in the prices of petroleum products. According to the summary, a decrease of Rs3 per litre for petrol and ...

  Nikkei gains, most Asia markets shut for holidays

BANGKOK: Most Asian stock markets are closed Friday for Lunar New Year holidays. The few bourses open have posted modest gains as US corporate earnings continue to exceed expectations. Japan´s Nikkei 225 was up 0.2 percent at 15,041.21 after the gove...

  Finance minister accepts SBP chief's resignation

ISLAMABAD: Minister for Finance Ishaq Dar has accepted the resignation of Governor State Bank of Pakistan (SBP) Yaseen Anwar, media reported. An official notification issued here confirmed Anwar’s resignation takes effect from January 31, 2014. “Anwa...

  Ashraf Mahmood Wathra appointed acting Governor SBP

ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar has appointed Ashraf Mahmood Wathra, Deputy Governor, State Bank of Pakistan (SBP) as the Acting Governor SBP till further orders. The Governor SBP Yaseen Anwar has been directed to hand over the...

  Asian shares dive as Fed cut sparks emerging market fears

HONG KONG: Asian markets slumped Thursday, extending a global rout on renewed fears about emerging economies after the US Federal Reserve pressed ahead with its stimulus reduction and Turkey and South Africa hiked interest rates. The dollar and euro ...

  Sharif, Zardari launch Thar Coal power project

ISLAMABAD: Prime Minister Nawaz Sharif and former President Asif Ali Zardari Friday jointly performed the groundbreaking of the US 1.6 billion dollar Thar Coal power project to help the country meet its energy needs. The project will initially provid...

  UN targets wildlife traders in Africa sanctions

UNITED NATIONS: The U.N. Security Council has targeted illegal wildlife traffickers for sanctions in a pair of resolutions against African armed groups, a step conservationists called unprecedented and a major shift on a problem that has morphed from...

  Twitter buys 900 IBM patents

NEW YORK: Twitter says it has bought 900 patents from IBM and that the companies have entered into a cross-license agreement. Financial terms weren't disclosed. Ben Lee, the short messaging service's legal director, says the deal provides Twitter wit...

  UK jails smuggler PIA steward for five years

LONDON: A Pakistan International Airlines (PIA) steward was sentenced to five year imprisonment after proven guilty in heroin smuggling bid. Shahrukh Shah, 31, was convicted by Leads Crown Court for smuggling 2.25 kg heroin worth 600,000 pounds throu...

  PHC orders DG NAB to submit inquiry report

Felling trees for Chashma Road projectPESHAWAR: The Peshawar High Court (PHC) on Tuesday directed the director general of the National Accountability Bureau (NAB), Khyber Pakhtunkhwa, to submit the inquiry report about the cutting of hundreds of tree...

  Oil prices down in Asian trade

SINGAPORE: Oil prices eased in Asian trade Wednesday on expectations of an increase in US inventories, and as traders await a Federal Reserve decision on the future of stimulus programme. New York´s main contract, West Texas Intermediate (WTI) for Ma...


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Feature / Analysis

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Opinion

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  • National Unity Committee Update

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    Afghanistan presidential hopeful Ashraf Ghani is spending nearly $150,...

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