Economy

  Taunsa project to produce 120mw: CM

LAHORE: CHIEF Minister Shahbaz Sharif has said that Taunsa hydel power project is of great importance and 120 megawatt electricity will be generated from it. The CM stated this while presiding over a meeting regarding Taunsa hydel project on Thursday...

  Nine cops sacked over graft

KARAK: Taking serious note of the irregularities, the district police officerThursday sacked nine cops over graft charges.According to a communiqué, DPO Attiqullah Wazir ordered sacking of nine cops including Inspector Mohibullah, Assistant Sub Inspe...

  Afghan transit trade continued to divert to Iran during 2013

Transit trade via Pakistan down by about 75 percentPESHAWAR: Like the last two years, the year 2013 also remained to be a hard period for the Afghan transit trade via Pakistan that had gone down by around 75 percent over the last several years. Accor...

  Sindh CNG association, KTI to go on strike from Sunday

KARACHI: Sindh CNG Association and Karachi Transport Ittehad (KTI) have announced to go on strike for an indefinite period from Sunday against the closure of CNG stations.The Sindh CNG Association Chairman said that the decision was taken following t...

  Upwardly mobile KSE seals a strong weekly finish

KARACHI: Following a strong bullish activity in index heavyweights, cement, and telecommunications stocks, an upwardly mobile Karachi Stock Exchange (KSE) ended the week even stronger. The benchmark 100-Index rose 0.33 percent, or 84.53 points, to fi...

  Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asian trade Friday after a steep decline in US trade, as investors await the release of US stockpiles data while keeping an eye on a disruption in Iraqi supplies. New York´s main contract, West Texas Intermediate (...

  Asian shares slip after Wall Street retreat

HONG KONG: Asian markets slipped on Friday after Wall Street´s three main indexes began the new year in the red as investors took profits following solid gains in 2013. The dollar edged up against the yen following a sell-off in New York just days af...

  US dollar eases against yen, retreats from 5-year high

SINGAPORE: The dollar fell against the yen in Asia Friday, extending losses seen in New York, as the unit retreated from a five-year high despite a broadly upbeat set of US economic data. The greenback bought 104.35 yen in Singapore morning trade, co...

  Dry fruits become a ‘luxury’ for most people

Islamabad: Prices of dry fruit including almond, pine nut and pistachio have increased to the extent where it has become a ‘dream’ for the common people to enjoy it in the winter season. According to reports, pine nut (Chighosa) is being sold in the ...

  Homeless having tough time this winter

Islamabad: With winter season touching its new heights, the people belonging to lower strata of society are seen making all out efforts to avoid adverse effects of the chilly weather conditions. “Some segments are more vulnerable to the winter season...

  PTDC employees still await clearance of dues

Rawalpindi: Despite hardships being faced by hundreds of employees of Pakistan Tourism Development Corporation (PTDC),the concerned quarters have not yet taken any step to clear their dues of over 16 months. A couple of months back, Prime Minister Mo...

  Islamabad bus service approved

Islamabad: The residents of the capital will get a new bus service in four months. Initially, the Islamabad Bus Service will be run on three routes.The decision to this effect was taken during a meeting of the CDA Board with Chairman Maroof Afzal in ...

  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...


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Feature / Analysis

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Opinion

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