Economy

  Dollar mixed in Asia ahead of Fed meeting minutes

TOKYO: The dollar was mixed in Asia on Wednesday as investors await the release of minutes from the Federal Reserve´s most recent meeting to see if it plans to continue winding down its stimulus programme. The greenback fetched 105.03 yen in late aft...

  Asian shares rise after upbeat US trade data

HONG KONG: Asian markets rose on Wednesday, taking a lead from Wall Street after another set of data indicating the US economy is getting back on track. The upbeat US trade statistics also helped the dollar resume its upward trend against the yen, wh...

  Power theft in full swing in KP: Abid Sher Ali

PESHAWAR: State Minister for Water and Power, Abid Sher Ali was critical of the power theft in Khyber Pakhtunkhwa during a news conference held here on Wednesday. According to Abid Sher Ali, electricity theft in the province was in full swing with li...

  Four arrested over Italy quake contract bribes

ROME: Four people were placed under house arrest on Wednesday for alleged bribery linked to reconstruction contracts following the 2009 earthquake in L´Aquila in central Italy which killed 309 people, police said. Four more people have been notified ...

  Turkey fires police chiefs in 16 provinces: media

ANKARA: The Turkish government fired 16 provincial police chiefs as it deepened its purge of law enforcement amid a corruption scandal that has ensnared key allies of Prime Minister Recep Tayyip Erdogan, media reported Wednesday. Among the police chi...

  Zardari to appear before accountability court on Jan 09: sources

ISLAMABAD: Former president Asif Ali Zardari will appear before Accountability Court on January 09, media reported. Sources said the former president will defend allegations leveled against him. Accountability Court Judge Muhammad Bashir will hear th...

  Berlin supermarkets discover banana boxes stuffed with cocaine

BERLIN: Boxes filled with bananas and cocaine were delivered to five Berlin supermarkets in what police on Tuesday called a "logistical error" by drug smugglers. Supermarket staff discovered the containers with a total of 140 kg of cocaine on Monday ...

  Woman found in suitcase at Arizona border crossing

NOGALES: Authorities say a smuggling attempt at the U.S.-Mexico border was thwarted when inspectors found a woman from Thailand inside a suitcase. Customs and Border Protection agents discovered 48-year-old Pornkamol Mongkolsermsak while inspecting a...

  All parliamentarians regularly paying tax: Ishaq Dar

ISLAMABAD: Minister for Finance and Revenue Ishaq Dar on Monday clarified that tax was regularly being deducted from the salaries of all parliamentarians of National Assembly, Senate and all four provincial assemblies. Speaking in the Senate the mini...

  NADRA employees stage protest demonstration in Karachi

KARACHI: A large number of NADRA employees on Saturday staged a protest demonstration outside the Karachi Press Club led by Irfan Malik, President Employees Union Sindh (CBA). They were chanting slogans against the authorities and demanded of the pre...

  Oil rebounds in Asian trade

SINGAPORE: Oil prices rebounded in Asian trade Monday on bargain hunting and concerns over Iraqi exports after militants bombed a major pipeline north of the country. However, analysts said prices still faced downward pressure due to easing demand an...

  Asian shares slip, Tokyo hit by strong yen

HONG KONG: Asia´s markets fell on Monday in the first full day of trade in the new year, with Tokyo sent tumbling as the dollar and euro retreated from five-year highs against the yen. Investors were given a mixed lead from Wall Street after Federal ...

  Yen rebounds against dollar, euro in Asia

TOKYO: The yen climbed against the dollar and euro on Monday after hitting five-year lows last week, but analysts said the rebound will likely only be short-lived. In afternoon Tokyo trade, the dollar bought 104.30 yen, compared with 104.85 yen in Ne...

  Chinese tycoon says he is serious about buying New York Times

BEIJING: A Chinese tycoon said Monday he is serious about buying the New York Times and wants to work on "rebuilding its credibility and influence" by reforming its award-winning coverage of China. Chen Guangbiao, listed as one of China´s 400 richest...

  China coal mine accidents kill 1,049 in 2013: govt

BEIJING: Accidents in Chinese coal mines killed 1,049 people last year, down 24 percent from 2012, authorities said, reflecting both risks and improvements in the country´s thriving and often under-regulated sector. China is the world´s largest consu...

  CNG pumps to remain open on Monday in Sindh

KARACHI: Filling stations of Compressed Natural Gas (CNG) will remain open across Sindh province on Monday, said an announcement of Sui Southern Gas Company (SSGC). The CNG stations were re-opened in Sindh after a two-day closure on Sunday, as a resu...

  Dr Miftah Ismail appointed as Chairman BOI

KARACHI: The Government of Pakistan has appointed prominent industrialist and economist Dr Miftah Ismail as Chairman of Board of Investment (BOI). Miftah Ismail holds a PhD degree in Public Finance and Political Economy from Wharton School of Busines...

  Sindh CNG stations re-open after two days

KARACHI: The CNG stations in Sindh re-opened on Sunday after official closure of 48 hours, while the protest strike against prolonged suspension of CNG supplies as earlier announced by the CNG associations and transporters has been deferred for two d...

  Delivery man is missing US Mega Millions winner

LOS ANGELES: A delivery truck driver has come forward to claim his half of a $648 million jackpot, the second largest in US history, lottery officials said Friday. Steve Tran bought five tickets in San Jose, California, ahead of the hotly anticipated...

  DC suspends 12 employees

LAKKI MARWAT: Deputy Commissioner (DC) Syed Zafar Ali Shah on Friday suspended 12 subordinate employees of his office on absenteeism. The deputy commissioner checked the attendance of government officials and employees during the surprise visits to t...


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Feature / Analysis

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Opinion

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