Economy

  KP Assembly concerned at plight of Pakistani workers in S Arabia

PESHAWAR: Expressing concern over the fate of Pakistani labourers in Saudi Arabia, the Khyber Pakhtunkhwa Assembly on Friday unanimously demanded the formation of a representative jirga comprising all the political parties to visit the Kingdom and ta...

  Urea prices reduced to Rs.1786

ISLAMABAD: The government and fertilizer companies Friday reached an agreement to reduce the price of urea from Rs 1900 per bag to Rs 1786 per bag with immediate effect. The agreement was reached after a successful four hour meeting held at finance m...

  17 suspended CDA officials of different cadres reinstated

Islamabad: The management of the Capital Development Authority (CDA) on Thursday restored 17 officials of different cadres, who were suspended during the tenure of the last chairman and were without posting since then. Most of the officials, includin...

  SNGPL drops another bombshell on consumers

Rawalpindi: The Sui Northern Gas Pipelines Limited (SNGPL), which has utterly failed to provide gas supply to domestic consumers causing immense hardships for them in the winter season, has now dropped another bombshell on them by issuing inflated bi...

  More than 182,000 officials punished in China graft crackdown

BEIJING: China´s ruling Communist Party punished more than 182,000 officials last year in its high-profile anti-corruption campaign, authorities said Friday. Anti-graft authorities across the country last year received more than 1.95 million allegati...

  LHC dismisses petition against CNG load shedding

LAHORE: The Lahore High Court (LHC) on Friday rejected the petition against CNG closure and remarked that the government is following the right policy, media reported. While hearing the petition filed by a citizen against CNG load shedding, the court...

  Govt must control fertilizers prices: Salim Saifullah

ISLAMABAD: Pakistan is agricultural country and fertilizer play important role in increasing the out put of agricultural products, so the government must curtail the prices of fertilizer, said former federal minister and Pakistan Muslim League-Nawaz ...

  Exports to be allowed through Ghulam Khan checkpost

PESHAWAR: The federal government has decided in principle to allow export of Pakistani goods, except cement, through the Ghulam Khan checkpost and the traders would also be allowed to carry out transaction in the US dollar in place of the Pakistan ru...

  7 involved in fraud cell phone messages of BISP payment arrested

KARACHI: Benazir Income Support Programme (BISP) chairman senator Anwas Baig Friday, referring to those seven arrested persons in Punjab, said that the fraudsters sending messages on cell phone relating to payments have no connection with BISP, media...

  South Asia takes 71 percent of market for ship breaking

PARIS: The world market for ship demolition remains strong, with India, Bangladesh and Pakistan together accounting for more than two-thirds of business, a French monitoring group said on Thursday. In 2013, 1,119 ships went to the world's breaker's y...

  All Norwegians become crown millionaires, in oil saving landmark

OSLO: Everyone in Norway became a theoretical crown millionaire on Wednesday in a milestone for the world's biggest sovereign wealth fund that has ballooned thanks to high oil and gas prices. Set up in 1990, the fund owns around 1 percent of the worl...

  Three-wheel $6,800 car gears for 2015 US launch

LAS VEGAS: The sleek three-wheeled car looks futuristic, but, as its creator acknowledges, it uses no new technology. What makes the Elio Motors vehicle unique is its ultra-high fuel economy and an ultra-low price tag: $6,800. The vehicle, which was ...

  Dollar mixed in Asia after Fed minutes, jobs data

TOKYO: The dollar was mixed in Asia Thursday after minutes from a Federal Reserve meeting and upbeat jobs data fuelled speculation of another pullback on the central bank´s stimulus measures. The greenback bought 104.91 yen in midday Tokyo trade, up ...

  Oil prices rebound in Asian trade

SINGAPORE: Oil prices rebounded in late morning Asian trade Thursday after US inventory data showed a decline in crude supplies as a severe North American winter provided strong support for energy demand. New York´s main contract, West Texas Intermed...

  ‘Karachi being used as guinea pig for nuclear power plants’

Karachi: Experts believe that the China-funded project of setting up two nuclear plants on Karachi’s outskirts will be a disaster in the making as their designs are still on paper – not even the Chinese have built them in their country so far. “Karac...

  Excessive use of coal, gas heaters needs to be avoided

Rawalpindi: The first rain spell of winter started on Wednesday in the twin cities of Islamabad and Rawalpindi and the snowfall on the adjoining mountainous ranges turned the weather chilly. The severe cold in the region compelled people to use coal,...

  Diplomatic community too becomes victim of the crisis

Islamabad: The diplomatic community living in the capital has also become victim of continuous gas shortage. The situation is aggravating with the each passing day, which has left this community with no option but to lodge a formal complaint with the...

  Lack of planning contributing to urban poverty

Islamabad: Pakistan is rapidly urbanising, cities have grown and are further rising. However, benefits generated by urban economies are not equally shared and poor people who migrate from rural to urban areas with the dream to become prosperous have ...

  Low to zero gas pressure hits capital hard

People of ‘G’ sectors bearing the brunt of worst gas scarcity; SNGPL unmovedIslamabad: The severe shortage of natural gas with advent of the rain spell has started riding on the nerves of the residents as the zero gas pressure has hit more areas of t...

  Forex limit for Pakistani travelers reduced

ISLAMABAD: The Ministry of Finance has reduced the foreign exchange limit for Pakistanis travelling to other countries. Travelers’ will now be allowed to take 5,000 dollars when leaving the country. Earlier the limit was 10,000 dollars....


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Feature / Analysis

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Opinion

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