Economy

  KESC ends load shedding at water pumping stations

KARACHI: Karachi Electric Supply Company (KESC) has immediately stopped conducting load shedding at water pumping stations of Karachi Water & Sewerage Board (KWSB) in compliance with Sindh High Courts interim orders passed on Tuesday. In a sta...

  Dollar edges higher in Asia after US data fall

TOKYO: The dollar edged up in Asia Wednesday after a sell-off in New York on disappointing US consumer confidence data, while markets shrugged off rising regional tensions over Chinas expanded air defence zone.   The greenback bought 101.38 yen ...

  Tokyo: Stocks down 0.40% by break

TOKYO: Tokyo stocks were down 0.40 per cent Wednesday morning despite advances on Wall Street, with investors locking in profits following recent highs and as the dollar's rally on the yen eased. The benchmark Nikkei 225 index, which rose to a six...

  Oil prices mixed

SINGAPORE: Oil prices were mixed in Asian trade Wednesday as dealers anticipated a further increase in US crude stockpiles, indicating weak demand in the worlds top crude consumer. New Yorks main contract, West Texas Intermediate for January de...

  Psalm book fetches record $14.2M at NY auction

NEW YORK: A tiny book of psalms from 1640, believed to be the first book printed in what is now the United States, sold for just under $14.2 million on Tuesday, setting an auction record for a printed book.   The Bay Psalm Book, which was auction...

  NWA: 6 killed in land dispute clash

MIRANSHAH: Six persons were killed in a clash between the two groups over a land dispute at Spinwam in the North Waziristan Agency (NWA) on Wednesday here, media reported. The two groups claiming the ownership of a piece of land came clashing ...

  Dollar weakens in Asia after tepid US home sales data

TOKYO: The dollars strong rally against the yen ran out of steam in Asia Tuesday after fresh figures showed pending US home sales slowed for the fifth straight month in October. The greenback bought 101.46 yen in Tokyo afternoon trade, down fro...

  Stocks take a dip, as KSE sheds 179 points

KARACHI: Stocks ended lower at Karachi Stock Exchange (KSE) on Tuesday, as the benchmark KSE 100-share index registered a decline of 179 points to close at 23,798.   Investors shed their holdings in the wake of depreciating Pak rupee and massive ...

  Pakistan to build six civil-nuclear plants: PM Sharif

KARACHI: Prime Minister Nawaz Sharif announced on Tuesday that Pakistan in the future would build six more civil-nuclear plants.   Addressing the ceremony of the Coastal Power Project K-II and K-III, Prime Minister Sharif said the Atomic Energy Co...

  NAB to take action against own chairman in NICL scam case

ISLAMABAD: National Accountability Bureau (NAB) has announced that it will investigate and take action against its own chairman Qamar Zaman Chaudhry and others in the NICL scam case.   Acting NAB chairman, Saeed Ahmed Sargana has formed a joint ...

  Oil prices mixed

SINGAPORE: Oil prices were mixed in Asian trade Tuesday as concerns over a sudden glut in Iranian supply eased amid scepticism over an international agreement on its controversial nuclear programme. New York's main contract, West Texas Intermed...

  Oil prices fall after news of Iran nuclear deal

NEW YORK : Oil prices are heading lower after the U.S. and other world powers announced over the weekend an agreement with oil-rich Iran on its nuclear program. While the agreement between Iran and the six world powers does not allow Iran to e...

  Auction of 3G license: PTA hires consultant

ISLAMABAD: Pakistan Telecommunication Authority (PTA) has hired a foreign consultant for the auction of 3G license, media reported Monday.   According to PTA spokesman, the consultant’s job will be to spell out the procedure for the said auction ...

  PM to lay foundation stone for atomic power project

KARACHI: Prime Minister Nawaz Sharif will on Tuesday lay the foundation stone for 2117 megawatt civil atomic power project being built with the assistance of China here in Karachi, media reported Monday.   Official sources told media that the Pre...

  Brent Crude Oil Falls Over 2% After Iran Deal

Brent crude prices fell by more than two percent on Monday following a key deal between world powers and Iran on its controversial nuclear programme. Brent North Sea crude, the European benchmark, for January delivery fell $2.48, or 2.23 percen...

  POL prices likely to be revised from Dec 01

ISLAMABAD: The prices of petroleum products are expected to be revised from December 01, media reported Monday.   Sources said the price of Light Diesel is expected to go up by 90 paisa per litre, Diesel by 85 paisa per litre and High Octane by Rs...

  Stocks close up as KSE-100 Index gains 130 points

KARACHI: Prices of local equities registered gains at Karachi Stock Exchange (KSE) on Monday, as the benchmark KSE 100-share Index closed 130 points up to finish at 23,978.   Investors' confidence witnessed a boost as they made fresh buying foll...

  Unpaid dues: KWSB moves SHC against KESC

KARACHI: The dispute between Karachi Electric Supply Company (KESC) and Karachi Water and Sewerage Board (KWSB) over the unpaid dues has turned worse as the latter has moved Sindh High Court (SHC) against KESC for persistant load shedding at water...

  Sartaj leaves for Tehran today

ISLAMABAD: Prime Minister’s Advisor on foreign affairs, Sartaj Aziz will leave for Tehran today to attend a meeting of the Economic Coordination Committee (ECO) and to discuss the multi-billion dollars Iran-Pakistan gas pipeline with the top leade...

  US group seeks to block Gilead drug patent in India

NEW DELHI:A US-based patient rights group said Saturday it has sought to block a bid by California-based Gilead Sciences to obtain an Indian patent for a potentially blockbuster drug to treat hepatitis C.   New York's Initiative for Medicines, Ac...


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Feature / Analysis

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Opinion

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