Economy

  Karachi Stock Exchange loses 76 points

KARACHI: Despite strong earning results, declared by various companies, investors held onto the sidelines ahead of Consumer Price Index announcement, which took toll on Karachi Stock Exchange (KSE).   The benchmark KSE-100 Index lost 0.34 percent...

  India's central bank hikes key interest rate

MUMBAI: India's new central bank governor raised the key interest rate Tuesday for a second straight month, disregarding calls for lower borrowing costs as he stays focused on battling high inflation.   After its monetary policy meeting in the fi...

  London aims to become Islamic finance hub: Cameron

LONDON: British Prime Minister David Cameron said Tuesday he wanted London to become one of the world's major capitals of Islamic finance as the city played host to the first World Islamic Forum outside the Muslim world.   "Already London is the...

  No country can progress in isolation: Nawaz Sharif

LONDON: Terming it an outcome of interdependent global cooperation, Prime Minister Nawaz Sharif Tuesday said that no country in the world could make ‘progress’ on its own, media reported.   “There stands no hurdle between the Islamic nations and ...

  Asian shares mixed ahead of Fed meeting

HONG KONG: Asian markets were mixed on Tuesday, with Wall Street providing a soft lead, as traders await a US Federal Reserve policy meeting for an idea about its plans for its stimulus programme. The dollar also moved in a tight range against ...

  Dollar steady in Asia before Fed meeting

TOKYO: The dollar held steady in Asia Tuesday as investors await the end of a two-day Federal Reserve policy meeting for clues about the bank's plans for its stimulus programme. The greenback bought 97.62 yen in Tokyo morning trade, from 97.66 ...

  World Bank: Singapore, Hong Kong best for business

WASHINGTON: Singapore and Hong Kong rank the world's best places to run a business, while mainland China remains far down the list, according to the World Bank's annual competitiveness survey on Tuesday. The Southeast Asian entrepots and financ...

  Oil prices ease

SINGAPORE: Oil prices edged lower in Asian trade Tuesday as dealers await a two-day US Federal Reserve policy meeting to find out the bank's plans for its stimulus programme. New York's main contract, West Texas Intermediate (WTI) for delivery ...

  LG unveils curved-screen smartphone

SEOUL: LG Electronics unveiled Monday a curved-screen smartphone, taking on rival Samsung in a niche market seen as a first step on the road to fully flexible products.   Despite its name, the "G-Flex" does not bend, but uses flexible OLED (orga...

  Karachi Stock Exchange ends lower

KARACHI: Karachi Stock Exchange (KSE) closed lower on Monday.   The benchmark KSE-100 Index shed 0.41 percent or 92.39 points to close at 22,353.20 mark.   The Pakistan State Oil Co Ltd (PSO) grew by 3.77 percent to Rs279.90 while the National B...

  SNGP to supply gas only to domestic consumers in Dec - Jan

ISLAMABAD: Federal Minister for Petroleum, Shahid Khaqan Abbasi Monday said that Sui Northern Gas Pipeline (SNGP) will supply gas to the domestic consumers only for two months – December and January.   Presiding over a meeting of Senate’s Functio...

  IMF team visits Pakistan to kick the tyres on economic reforms

ISLAMABAD: Prime Minister Nawaz Sharif faces the first formal test of his economic policies this week during a visit by the International Monetary Fund. It won't be easy.   Sharif swept to a landslide victory in May after promising to fix a slug...

  25 female workers fall unconscious at Karachi factory

KARACHI: At least 25 female workers of a garment factory fell unconscious and were taken to the Jinnah Hospital for treatment.   It was initially reported that the female employees fell unconscious after a taxi gas leak at the factory situation in...

  Karachi: Several workers fell unconscious after toxic gas leakage

KARACHI: Several workers including women fell unconscious after toxic gas leaked in a factory situated in Landhi area of Karachi on Monday, media reported. According to the rescue sources, several employees including female workers of a factor...

  Nawaz Sharif to leave for London

ISLAMABAD: Prime Minister Nawaz will leave for London on a three-day visit to attend World Islamic Economic Forum on Monday (today). The prime minister will participate in the meeting along with his British counterpart David Cameron and Afghan ...

  ECP seeks Rs6.5 bn for LB polls expenses

ISLAMABAD: The Election Commission of Pakistan has sought Rs4.5 billion grant from finance ministry to hold local bodies elections in the country. Sources said that the Election Commission has asked Finance Secretary to attend its meeting to be...

  Dollar mixed in Asia ahead of Fed meeting

TOKYO: The dollar was mixed in Asia Monday ahead of a Federal Reserve policy meeting, with a weak batch of data raising expectations the bank will keep its stimulus programme in place until next year. In Tokyo morning trade the greenback bought...

  Asian shares lifted by bargain-buying, Wall St rally

HONG KONG: Asian markets rose on Monday following a record close on Wall Street, while investors picked up bargains after broad losses last week. The dollar edged up slightly against the yen but remained under pressure on expectations the US F...

  Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asia on Monday as a bulge in US stockpiles indicated weak demand in the world's biggest economy, while there are growing concerns about supplies from the Middle East. New York's main contract, West Texas Inte...

  Shahbaz-led business delegation in Germany to take part in conference

ISLAMABAD: An 80-member delegation of Pakistani businessmen and industrialists led by Chief Minister of Punjab, Muhammad Shahbaz Sharif is visiting Germany to participate in a day-long conferences, “Pakistan Day”, being held in Berlin on October 3...


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Feature / Analysis

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    The Environmental Protection Agency took home a sweeping victory Tuesd...

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Opinion

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  • US Is an Oligarchy Not a Democracy, says Scientific Study

    A study, to appear in the Fall 2014 issue of the academic journalPersp...

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  • An unequal battle

    WHILE going to the Karachi Press Club to attend a press conference cal...

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    CAHUITA NATIONAL PARK, Costa Rica : The critically endangered hawksbil...

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