Economy

  Oil prices hit by profit-taking in Asian trade

SINGAPORE: Oil prices eased in Asian trade Thursday as investors locked in profits after they hit their highest levels this year on forecasts of stronger demand. Analysts said traders would be watching closely a meeting next week by the US Federal Re...

  Negative rate of return eroding savings: Mian Shahid‏

Chairman UIG congratulates management for upgraded PACRA ratingMasses asked to invest money instead of stashing in the bankHoarding of money impeding growthIslamabad: Masses should consider taking out their savings from banks and invest their savings...

  Tokyo stocks up 0.24 percent by break

TOKYO: Tokyo stocks rose 0.24 percent Thursday morning after a mixed session on Wall Street and as the yen turned lower. The benchmark Nikkei-225 index gained 37.61 points to 15,858.57 by the break, while the Topix index of all first-section shares s...

  MCP abolishes illegal Suzuki stand

PESHAWAR: Following the orders of high court Municipal Corporation Peshawar (MCP) abolished illegal Suzuki stand at Bacha Khan Chowk and deployed staff of the civic body at the place. According to details on the orders of high court MOR Shahid Iqbal ...

  Tokyo stocks open 0.30 percent lower

TOKYO: Tokyo stocks opened 0.30 percent lower on Wednesday, tracking a lacklustre performance on Wall Street. The Nikkei-225 index slipped 46.95 points to 15,749.01 at the start. Investors are waiting for the outcome of the Bank of Japan´s two-day po...

  Oil prices extend gains in Asia

SINGAPORE: World oil prices extended gains in Asian trade Wednesday as investors cheered the IMF´s upbeat forecast for global growth this year, which is expected to boost demand. New York´s main contract, West Texas Intermediate (WTI) for March deliv...

  IEA raises forecast for global oil demand in 2014

PARIS: Global oil demand will rise faster than expected this year, the IEA forecast on Tuesday, reporting that consumption accelerated at the end of 2013 as advanced economies led by the United States recovered. But growth of Chinese demand slowed do...

  Yen weakens in Asia as BoJ meet starts

TOKYO: The yen weakened in Asia on Tuesday with a Bank of Japan (BoJ) two-day meeting in focus as investors wait to see if policymakers unveil fresh measures as part of its stimulus programme. In Tokyo morning trade, the dollar rose to 104.58 yen, fr...

  Tokyo stocks open up 0.44 percent

TOKYO: Tokyo stocks opened 0.44 percent higher on Tuesday, rebounding from the previous day´s drop as the yen´s rise against the dollar took a breather. The Nikkei 225 index, which fell 0.59 percent on Monday, was up 69.21 points to 15,710.89 at the ...

  Oil prices down in Asian trade

SINGAPORE: Crude prices dipped in Asian trade Tuesday on easing supply concerns as a landmark deal to curb oil-rich Iran´s disputed nuclear programme came into force. The US benchmark contract, West Texas Intermediate for delivery in February, was do...

  Ahsan Iqbal says Pakistan not to accept US aid with strings

ISLAMABAD: Ahsan Iqbal, Minister for Planning and Development, has stated that Pakistan is a sovereign country and will not accept US aid with strings. This he said while talking to journalists here Tuesday.Ahsan Iqbal said the US and Pakistan should...

  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...


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Feature / Analysis

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