Economy

  Dollar rally slows in Asian trading

TOKYO: The dollars surge ran out of steam in Asian afternoon trade Monday, despite a regional equities rally and following tepid US economic data.   The greenback fetched 100.06 yen in Tokyo, down from 100.12 yen in New York Friday afternoon.   ...

  Electricity demand-supply gap at 1100MW

ISLAMABAD: The power shortfall in the country persists at 1100MW, said National Transmission and Dispatch Company (NTDC), media reported.   According to spokesman of the NTDC, the electricity generation in the country was 9900 MW, while its demand...

  Pakistan’s liquid foreign reserves stand at $9,077.7mn

KARACHI, November 18 (PPI): State Bank of Pakistan here Monday said the total liquid foreign reserves held by the country stood at $ 9,077.7 million on 8th November, 2013.   Foreign reserves held by the State Bank of Pakistan stood at $3,845.4mn ...

  Dollar up by paisa 15 sells at Rs108.75 in open market

KARACHI: The central bank foreign exchange reserves has plunged down to $4 billion only enough to finance one month worth of imports due to the delay in the receipt of the new tranche of International Monetary Fund (IMF) loan and payback of the ol...

  Pakistan offers huge incentives to foreign investors: PM

BANKOK: Prime Minister Muhammad Nawaz Sharif has said that his government is committed to accelerated digitization of the country to enable socioeconomic development‚ to create a knowledge-based economy and promoting economic growth.   In his ke...

  Oil prices ease ahead of Iran nuclear talks

SINGAPORE, Nov 18, 2013 (AFP) -Oil prices dipped in Asian trade Monday on profit-taking and ahead of fresh international talks on Iran's nuclear programme, analysts said. New Yorks main contract, West Texas Intermediate for delivery in Decembe...

  1,800 rare US coins sell for $23mn in NYC auction

NEW YORK CITY: Nearly 2,000 rare American coins amassed over 90 years by a 102-year-old Missouri collector have sold for $23 million at a two-day New York City auction.   Heritage Auctions Co-Chairman Jim Halperin says Sunday retired St. Louis l...

  Goods transporters call off strike on acceptance of demands

KARACHI: The goods transporters on Sunday called off their 11-day long strike on conclusion of the successful talks with the Federal Finance Minister held at the Governor House here, media reported.   The containers held up for such a long time, ...

  Australia gifts Sri Lanka boats to tackle asylum-seekers

SYDNEY: Australia on Sunday said it would give Sri Lanka two patrol boats to tackle people-smuggling operations in the Indian Ocean, hoping they can detect vessels before they leave the Asian nations waters. The decision comes with the Tony Abb...

  FPCCI calls for immediate MFN status to India for mutual prosperity

Real two-way trade potential stands at USD 50 billion: Zubair Ahmed Malik Apex chambers of Pakistan, India agree to take trade relations to next level Islamabad: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has asked ...

  CNG stations across Sindh suspend gas supply

KARACHI: The CNG filling stations across Sindh have suspended the supply for the next 24 hours following the weekly gas load management program, media reported Saturday.   According to the gas load shedding schedule provided by the Sui Southern ...

  Cameron pledges further $48 million aid to Philippines

COLOMBO: Prime Minister David Cameron announced Saturday that Britain was providing a further $48 million to help the relief effort after the devastating typhoon in the Philippines.   "Today I can announce that we are providing a further 30 milli...

  Death toll in boat sinking off Greece port rises to 12

ATHENS: At least twelve migrants including four children died early Friday after their inflatable boat sank off a western Greek island in the Ionian Sea, port authorities said.   Fifteen migrants managed to escape alive and alerted the authoritie...

  Nawaz Sharif highlights Pakistan’s problems at Common Wealth summit

COLOMBO: Prime Minister Muhammad Nawaz Sharif Friday said that his government was committed to a long-term strategy of sustained and inclusive growth by providing equal opportunities to all Pakistanis.   He was addressing the first Executive Sess...

  US stocks at new records on Yellen testimony

NEW YORK CITY: US stocks Thursday barrelled to fresh records, shrugging off some disappointing earnings results amid greater confidence the Federal Reserve will wait longer before scaling back an aggressive stimulus program.   At the closing bel...

  Oil prices rise in Asian trade

SINGAPORE: Oil prices rose in Asian trade Friday, buoyed by hopes the US Federal Reserve will wait longer before scaling back its stimulus programme, analysts said. New York's main contract, West Texas Intermediate (WTI) for December delivery,...

  Asia shares climb after Yellen stimulus remarks

TOKYO: Asian markets mostly rose Thursday on hopes the woman tipped to head the Federal Reserve will keep its stimulus programme in place, while Tokyo led gains after growth data beat forecasts.   The dollar bounced back against the yen after a s...

  Oil prices up in Asia

SINGAPORE: Oil prices rebounded in Asia Wednesday as traders pounced after sharp falls the previous day on forecasts of surging production in the United States, analysts said. New York's main contract, West Texas Intermediate (WTI) for December...

  Dollar slips vs euro as Fed taper talk heats up

NEW YORK: The dollar weakened against the euro as speculation heated up about when the Federal Reserve might decide to pull back its extraordinary monetary stimulus.   The euro bought $1.3433 around 2300 GMT, up from $1.3407 Monday.   The dolla...

  'Pink Star' diamond auctioned for record $83 million

GENEVA: An enormous diamond known as “The Pink Star” has sold for more than $83 million at an auction, far surpassing its expected price.   Sotheby’s says the sale Wednesday night of the vivid and flawless 59.60-carat pink diamond is the highest ...


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Feature / Analysis

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Opinion

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    DESCRIBING his experience of blindness, Prof John Hull of Birmingham U...

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  • USAID documents cite Hillary Clinton in chaos of Afghan aid

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  • Why a Regional Security Force Will Not Work in Afghanistan

    Talk of a new regional force is unrealistic. There is only one way to ...

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  • Afghan election: Why the Taliban will win

    The West invaded Afghanistan, but Pakistan may have been the "true ene...

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