Economy

Reopening of closed CNG outlets demanded

ISLAMABAD: Chairman CNG Association Ghayas Paracha has demanded of the SNGPL to reopen 700 pumps, illegally closed down across the country, media reported. Talking to media outside the Supreme Court after the CNG price proceedings, Paracha also deman...

SC reserves verdict in CNG case

ISLAMABAD: The Supreme Court of Pakistan has reserved its verdict in the CNG price case. The apex court will announce its decision on Friday. Earlier, Justice Jawwad S Khawaja remarked that the apex court had not issued any stay order pertaining to C...

Afghan official rejects WSJ report on China-run project

KABUL: An Afghan government official has described a report of U.S. influential newspaper the Wall Street Journal on sacking coal miners in Bamiyan province and joining them to anti-government militants as biased and utterly rejected. "The report ...

10 Indonesians drown as boat sinks

KUALA LUMPUR: Ten illegal immigrant Indonesians, including two pregnant women, drowned when their boat capsized in rough seas off Malaysia's southern coast, maritime authorities said Thursday. The bodies of five men and five women and the rickety woo...

SC directs OGRA to continue work

ISLAMABAD: Justice Jawwad S Khawaja has remarked that the apex court had not issued any stay order pertaining to CNG, media reported. Two-member bench of the Supreme Court, headed by Justice Khawaja was hearing CNG price case here on Thursday. The co...

Sukkur: ANF recovers 800kg marijuana

SUKKUR: Anti Narcotics Force (ANF) Wednesday thwarted the smuggling of a truckload of marijuana in Shikarpur, media reported. ANF following a lead intercepted a truck and found 800 kilograms of high quality marijuana worth millions of rupees hidden i...

Oil prices fall in Asia

SINGAPORE: Oil prices dipped in Asia Thursday with traders growing jittery as Democrats and Republicans remain locked in a stalemate over a deal to resolve the US fiscal cliff, analysts said. New York's main contract, light sweet crude for delivery i...

School Head named in graft probe

SINGAPORE: The principal of a top Singapore high school was Thursday removed from his post and being investigated by the anti-corruption bureau, authorities told, in the latest such scandal to hit the city-state. Former headmaster of River Valley Hig...

Asian mkts fall as US budget talks stall

TOKYO: Asian shares eased on Thursday after rallying to their highest in nearly 17 months the day before, while commodities fell as talks to avert a U.S. fiscal crisis stalled - prompting worries of the world's largest economy sliding back into reces...

Kodak in $525 million patent deal

NEW YORK: Eastman Kodak Co agreed to sell its digital imaging patents for about $525 million, a key step to bringing the photography pioneer out of bankruptcy in the first half of 2013. The deal for the 1,100 patents allows Kodak to fulfill a conditi...

FTO denies leaking MPs’ tax information

ISLAMABAD: The Federal Tax Ombudsman (FTO) on Wednesday said it neither had parliamentarians’ tax record nor it was leaked to media, media reported. It termed all the reports in this regard as misleading .In a statement it said that there was no real...

36th FPCCI awards ceremony held

KARACHI: The 36th FPCCI Export Trophy Awards distribution ceremony was held here on Wednesday at Governor House where President Asif Ali Zardari was also present as a chief guest. During the ceremony, President FPCCI Haji Fazal KadirKhan Sherani soug...

POL prices likely to be changed

ISLAMABAD: The government is likely to cut petrol price by Rs.0.50 and raise diesel price by Rs0.80 per liter , media reported on Wednesday. According to sources in the Petroleum Ministry final decision in this regard would be taken on December, 21. ...

KSE 100-index gains 11 points

KARACHI: The Karachi Stock Exchange's (KSE) benchmark 100-index closed at 16,869.83, 0.07 percent higher or 11.15 points. Stocks closed slightly higher Wednesday, mainly supported by oil stocks. Investors also booked profit in the Engro Corp as no ma...

SC gives more time to nab Tauqir Sadiq

ISLAMABAD: Supreme Court has directed National Accountability Bureau (NAB) to arrest former chairman of Oil and Gas Regulation Authority (OGRA) and present him before the court by December 26, media reported. A three-member bench headed by Justice Ja...

Senate body for release of tax directory

ISLAMABAD: The Senate’s Standing Committee on Finance met Nasir Jalil in the chair on Wednesday, media reported. Those who attended the meeting included, Chaudhry Shujaat Hussai, Kamil Ali Agha, Ishaq Dar, Jahangir Badar, Farhatullah Babar, Ilyas Bil...

AG gives clean chit to SC accounts

ISLAMABAD: The Auditor General of Pakistan, Buland Akhtar Rana, has downright cleared the accounts of the Supreme Court of any irregularity and says his department conducts regular audits of the Supreme Court accounts as per the law. “We have found n...

Electricity shortfall increases

PAKISTAN: The electricity shortfall increased to 5,000 MW in Pakistan on Wednesday. The shortfall has led to an increase in the hours of unannounced loadhsedding in several cities of Punjab. In Lahore and other cities, unannounced loadshedding is bei...

PAC takes position against SC registrar

ISLAMABAD: Public Accounts Committee (PAC) has decided to move reference against the Supreme Court registrar in the parliament. A session of PAC of the national assembly, chaired by Nadeem Afzal Chun, met here on Tuesday. During the meeting, it was u...

Law Minister rejects CNG price summary

ISLAMABAD: Law Minister Farooq H Naek has rejected the summary of the Petroleum Minister regarding the price of CNG. The Law Minister rejected the summary during the meeting of the Economic Coordination Committee which met on Tuesday to deliberate on...

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