Economy

  Karachi Stock Exchange grows 1.38pc on fertilizers

KARACHI: Karachi Stock Exchange (KSE) rallied for another consecutive day after investors swooped onto fertilizer stocks following a hike in the price of the commodity. The KSE-100 Index gained 1.38 percent, or 353.33 points, to close at 25,962.18 po...

  NEPRA approves hike in power tariff by 27 paisa pre unit

ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has approved a hike in the power tariff by 27 paisa per unit under monthly fuel adjustment plan. According to the NEPRA official, the power distribution companies had sought increase...

  Pakistan inflation rose to 9.2pc in Dec year-on-year basis

KARACHI: Pakistan´s year-on-year inflation in December rose to 9.2 percent, the Pakistan Bureau of Statistics said on Tuesday. On a month-on-month basis, the consumer price index fell 1.3 percent from November. The average inflation rate in July-Dece...

  27 more arrested for violation of meat holiday

PESHAWAR: District administration arrested owners of 27 restaurants for violation of meat holiday during two day campaign in this regard. The action has been initiated on the directives of the provincial government for complete maintenance of meat ho...

  Railway police arrest two ‘thieves’

LAHORE: The Pakistan Railways Police claimed to have arrested two persons for stealing electric fans from coaches parked at a yard. According to the PR police, Mohsin Masih and Sadaqat Ali were stealing electric fans from coaches when police arrested...

  Asian shares mixed at start of new year

HONG KONG: Asian markets began 2014 mixed on Thursday, with another record-breaking close on Wall Street offset by a slowdown in Chinese manufacturing growth. Trading across the region remained quiet after the New Year break, while the dollar held on...

  US dollar trade near five-year high against yen

SINGAPORE: The US dollar traded near a five-year high against the yen in thin Asian trade Thursday as investors began the new year with renewed optimism about the US economy. The greenback eased to 105.28 yen from 105.33 yen in New York on Tuesday, a...

  Sindh CNG stations reopen for 24 hours

KARACHI: Sindh CNG stations reopened today Thursday at 8:00 AM for 24 hours after 48-hour closure, media reported. Under gas load management plan, the CNG outlets will again be shut for 48 hours on Friday 8:00 AM for 48 hours. They will resume gas su...

  Oil prices rise in Asian trade

SINGAPORE: Oil prices edged higher in subdued Asian trade Thursday as investors anticipated upbeat US stockpiles data, as investors grow more optimistic about the world´s top economy, analysts said. New York´s main contract, West Texas Intermediate (...

  KSE strengthens as inflation weakens, gains 347 points

KARACHI: Karachi Stock Exchange (KSE) ended higher on Wednesday after the news that monthly inflation had declined by 1.3 percent bucked up the previously overcautious investors to venture into cement and textile stocks. The KSE-100 Index gained 1.38...

  President approves law against power theft

ISLAMABAD: President Mamnoon Hussain Wednesday granted approval to the ordinance for controlling electricity theft in the country, media reported. According to sources, the ordinance lays down a list of punishments and fines over various kinds of ele...

  Nawaz for increasing ties with UAE

Meets Sheikh Khalifa at RY Khan; says happy for Dubai to host Expo-2020ISLAMABAD: The existing close and brotherly ties between Pakistan and the United Arab Emirates (UAE) attained a further boost on Tuesday when Prime Minister Nawaz Sharif had an im...

  Indian president signs historic anti-graft law

NEW DELHI: India´s president took the final step to create a powerful anti-graft watchdog on Wednesday, signing it into law two years after a mass anti-corruption movement swept the country and galvanised politicians into action. Parliament saw rare ...

  Poor past policies forced us to fall into IMF trap this time: PM

ISLAMABAD: Highlighting that the depreciation of rupee added to Pakistan’s indebtedness, Prime Minister Nawaz Sharif Wednesday said that country fell prey to International Monetary Fund (IMF) only due to wrong decisions taken by the past regimes. “Th...

  Better economy linked to IT education

LAHORE: PROMOTION of modern education is crucial for the economic growth of Pakistan so that youth can get employment timely because due to the lack of modern knowledge graduates have to accept clerical jobs. These views were expressed by the speaker...

  103 uplift schemes approved in six months

LAHORE: THE Punjab government, in the light of Chief Minister’s vision, approved 103 development schemes of various development sectors during its last six months from 1st of July to 31st of December 2013 of the current fiscal year 2013-14 at an esti...

  SNGPL official arrested

LAHORE: FIA, Lahore, officials on Tuesday arrested a senior engineer of Sui Northern Gas Pipelines Company Limited (SNGPL) from Sheikhupura for his alleged role in gas theft of more than Rs 520 million. According to sources in FIA, Muhammad Waheed Sa...

  Subsidy plan for 1.3m low-income families: CM

Says Rs6b allocated for targeted subsidy in current fiscal yearLAHORE: PUNJAB Chief Minister Shahbaz Sharif has said the government is launching a revolutionary programme for providing a targeted subsidy to extremely low-income families to reduce the...

  No illegal water hydrants to be restored: Sharjeel

Karachi: Sharjeel Memon has vowed the provincial administration would not restore any illegal water hydrants closed down in Karachi recently keeping in view public welfare. The Sindh information and local government minister was speaking to a four-me...

  Rs60bn not a huge price for protecting lives, says Qaim

Karachi: The ongoing crackdown against criminals in Karachi could cost the Sindh government up to Rs60 billion this financial year, said the chief minister on Tuesday. “But we would spend even more for protecting the lives and properties of the peopl...


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Feature / Analysis

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