Economy

  Cabinet approves Mou with India for trade of electricity

ISLAMABAD: The cabinet gave its consent to the signing of a number of memorandums of understanding (MoUs), including ex-post facto approval for MoU with M/S Norinco International (People’s Republic of China) on energy and mass transit projects and ap...

  Monetary policy status quo keeps KSE ticking up

KARACHI: Karachi Stock Exchange started the week on a bullish note following a status-quo-ish monetary policy announcement by State Bank of Pakistan (SBP) Saturday. On Monday the benchmark KSE-100 Index of the Karachi Stock Exchange got stronger by 0...

  PACRA upgrades UIC IFS rating

Islamabad: The Pakistan Credit Rating Agency (PACRA) has upgraded the (Insurer Financial Strength) IFS rating of The United Insurance Company (UIC) of Pakistan Limited to “A+” (Single A Plus).The rating denotes strong capacity to meet policyholder an...

  Hamza reiterates to eliminate load shedding in PML-N’s present tenure

KHOSHAB: Pakistan Muslim League-Nawaz (PML-N) leader, Hamza Shahbaz has reiterated that load shedding would be eliminated during the tenure of the present government. Addressing a rally here, Hamza Shahbaz said Prime Minister Nawaz Sharif stands by p...

  Asian shares mostly lower after China data

HONG KONG: Asian markets were mostly lower on Monday, after China released data showing the economy in 2013 maintained its slowest growth rate for more than a decade. The losses came after a broadly negative lead from Wall Street, while Japanese gami...

  Dollar mixed in Asia after upbeat US data

TOKYO: The dollar was mixed in Asia Monday following broadly upbeat US economic data, while the yen was lifted by speculation the Bank of Japan´s policy board will hold off any new stimulus measures when it meets this week. The greenback bought 104.0...

  Oil prices down in Asian trade

SINGAPORE: Oil prices eased in Asian trade Monday after China´s 2013 economic growth came in at its slowest rate in 14 years, fuelling concerns over demand in the world´s second largest economy. New York´s main contract, West Texas Intermediate (WTI)...

  SSGC announces Sindh CNG closure schedule

KARACHI: Sui Southern Gas Company (SSGC) here Sunday announced schedule for closure of CNG stations in Sindh as part of gas load management plan, media reported. According to a notification issued by the SSGC, the CNG stations in the province will re...

  Court exempts Zardari from personal appearance

ISLAMABAD: The Accountability Court (AC) Judge Muhammad Bashir Khan Saturday granted exemption to the former president Asif Ali Zardari from personal appearance in the court, and now his counsel Farooq H Naek would represent him in the court. Zardari...

  Pakistan can become world's 18th largest economy by 2050: expert

ISLAMABAD: Pakistan has the potential to become the 18th largest economy of world by 2050, leaving behind many strong economies, according to Jim O'Neill, a British economist. Jim O'Neill is famous for coining the term BRIC - Brazil, Russia, India an...

  PM chairs meeting on Rawalpindi-Islamabad Metro Bus project

LAHORE: Prime Minister Nawaz Sharif on Sunday chaired a high level meeting to discuss Rawalpindi-Islamabad Metro Bus project. In the meeting, PM Nawaz was briefed about the project. He was apprised that thousand of people would take benefit from this...

  Pakistan India reaffirm commitment to normal trading relations

ISLAMABAD: Commerce ministers of Pakistan and India have reaffirmed the commitment of their governments to expeditiously establish normal trading relations and in this context to provide Non Discriminatory Market Access (NDMA) on a reciprocal basis. ...

  Intel to reduce global workforce by 5 percent in 2014

SAN FRANCISCO: Intel Corp plans to reduce its global workforce of 107,000 by about 5 percent this year as the chipmaker, struggling with falling personal-computer sales, shifts focus to faster-growing areas, a company spokesman said on Friday. The an...

  Obama: 2014 can be breakthrough year for US

WASHINGTON: President Barack Obama says he believes 2014 can be a breakthrough year for the country. In his weekly radio and Internet address, Obama says the U.S. is primed to bring back jobs lost in the recession or to overseas competitors. But he s...

  Obama signs $1.1 trillion government spending bill

WASHINGTON: President Barack Obama has signed the $1.1 trillion spending bill that funds the federal government through the end of September. Obama signed the measure Friday, the day before federal funding was set to run out. He was joined at a confe...

  KSE gains 425 points to top 26,900 mark in week

KARACHI: Karachi Stock Exchange's (KSE remained in top gear during the last four-session week, ending January 17, 2014, as the benchmark Index summited yet another peak gaining a total of 425 points .On the rollover day the KSE-100 Index crossed the ...

  Zardari files petitions for acquittal in all five references

ISLAMABAD: Former President, Asif Ali Zardari has been granted permanent exemption from appearing before the accountability court hearing the references against him. The former president’s counsel, Farooq H. Naek said his client would appear before t...

  Pakistani stocks end higher; rupee strengthens

KARACHI: Pakistan’s capital market jumped to 26,913.85 points on Friday.The benchmark 100-share index of the Karachi Stock Exchange rose by 0.69 percent, or 183.61 points, to 26,913.85. According to analyst, with much awaited listing of (EFERT) Engro...

  China starts relaxing one-child policy

BEIJING: China began to implement the loosening of its controversial one-child policy Friday when a province announced it has made it legal for couples to have two children if one parent is an only child. Legislators in Zhejiang in eastern China Mond...

  RPPs scam: Raja Pervaiz Ashraf, others indicted

RAWALPINDI: The Accountability Court Friday indicted former prime minister Raja Pervaiz Ashraf and others in Rs22 billion Rental Power Projects (RPPs) scam case, media reported. A judge of accountability court, Muhammad Bashir was hearing the RPPs re...


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Feature / Analysis

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Opinion

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    Love is a serious problem in our world. There is too much of it. So I ...

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    General Sisi’s military coup claimed that it was put in effect to answ...

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  • National Unity Committee Update

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  • In Afghan election dispute, enter the DC lobbyists

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

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