Economy

  Shahbaz urges affluent not to forget poor on this happy day

LAHORE: Punjab Chief Minister, Shahbaz Sharif Wednesday said that by adopting the golden principles of justice, equality and love for humanity an exemplary society could be evolved, media reported.   Following Eidul Azha prayers, in a statement i...

  Asian shares mixed as US debt row goes to wire

HONG KONG: Asian markets were mixed Wednesday as investors focus on the United States, where lawmakers remain at loggerheads over a budget bill despite having just over a day to raise the debt ceiling and avoid a default.   Earlier optimism that...

  Oil prices mixed as threat of US debt default looms

SINGAPORE: Oil prices were mixed in Asian trade Wednesday with dealers nervously monitoring the crippling budget impasse in Washington as the deadline for raising the debt ceiling approaches.   New York's main contract, West Texas Intermediate (W...

  Dollar up in Asia as US debt deadline looms

TOKYO: The dollar was higher against the yen in Asia Wednesday on cautious optimism that warring US lawmakers will reach a last-minute deal to resolve a budget impasse that threatens to spark a catastrophic default.   The greenback bought 98.50 ...

  No House vote on US debt ceiling bill Tuesday: officials

WASHINGTON: The US House of Representatives will not vote Tuesday on a bill to raise the debt ceiling, taking the crisis within hours of a crucial deadline, Republican party officials said.   House leaders shelved plans for a bill that also sough...

  Nigerian wife fakes kidnapping to dupe ransom from husband

ONITSHA: A Nigerian woman faked her own kidnapping to extort a $1,200 ransom from her husband, police said on Tuesday, in a region of the west African nation plagued by abductions.   Authorities arrested the woman and her accomplice, a motorcycle...

  Clinton awarded £80 fine for failing to buy parking ticket

LONDON: Hillary Clinton received a parking ticket in London on Saturday, despite angry protests from her security detail. According to Daily Mail, the Westminster City Council warden put an £80 penalty notice on the former US secretary of state'...

  No load shedding in Karachi during Eid days

KARACHI: Karachi Electric Supply Company (KESC) has announced that there would be no load shedding during three days of Eid-ul-Azha, media reported. According to KESC, load shedding will not take place from 8:00PM today (Tuesday) till 8:00 AM S...

  US senators close to reaching deal on shutdown

WASHINGTON: US Senators say they are closing in on a deal that would reopen the government and push back a possible debt default for several months, though many hurdles remain.   Senate majority leader Harry Reid says he and his Republican count...

  Two killed over land dispute in Hyderabad

HYDERABAD: An armed clash between two groups over dispute relating to a land left two dead including a woman and two injured on Tuesday here, media reported. Police said that two armed groups over a land dispute traded fire, which resulted in ...

  Dollar edges down as investors await a US deal

TOKYO: The dollar eased against the yen in Asia on Tuesday as traders focus on Washington, where lawmakers say they are close to a deal to reopen the government and avert a debt default.   The greenback bought 98.43 yen in Tokyo trade against 98....

  Oil prices ease

TOKYO: Oil prices eased in Asian trade on Tuesday as dealers nervously wait for US lawmakers to agree a budget deal and raise the country's borrowing limit to avert a default. New York's main contract, West Texas Intermediate (WTI) for delivery...

  Obama summons leaders for debt ceiling crisis talks

WASHINGTON: President Barack Obama called top congressional leaders to the White House on Monday to demand they stave off the threat of a "devastating" US debt default that would rock the global economy.   Obama will meet top Republican and Democ...

  Obama says impasse could end 'today' if Republicans cooperate

WASHINGTON: President Barack Obama said ahead of a meeting with congressional leaders Monday that an impasse that threatens throw the United States into a debt default could end "today" if Republicans cooperate. Obama also warned that a partia...

  Federal, provincial governments largest electricity defaulters: ADB

ISLAMABAD: A report by the Asian Development Bank (ADB) states that the federal and provincial governments in Pakistan are the largest defaulters of electricity bills in the country. According to the report, the cost of producing electricity in...

  Power tariff hike: LHC seeks reply from NEPRA, federal government

Power tariff hike: LHC seeks reply from NEPRA, federal government   Power tariff hike: LHC seeks reply from NEPRA, federal govt   LAHORE: The Lahore High Court (LHC) has sought reply from National Electric Power Regulatory Authority (NEPRA) and ...

  Accountability court hears references against Zardari

ISLAMABAD: No representative of former president Asif Ali Zardari and National Accountability Bureau (NAB) appeared before the accountability court of Islamabad, which was hearing the references against the former president.   The accountability...

  Oil prices edge lower on fears of US debt default

SINGAPORE: Oil prices edged lower in Asian trade Monday as the United States faces a potentially devastating sovereign debt default after senators failed to end a budget impasse.   New York's main contract, West Texas Intermediate for delivery in...

  Dollar down as debt default looms

SINGAPORE: The dollar weakened in Asian trade Monday as lawmakers in Washington struggle to agree a budget deal that will avoid a damaging debt default. In Singapore morning trade, the greenback slipped to 98.28 yen from 98.59 yen in New York l...

  Asian shares slip as US debt talks drag on

HONG KONG: Asian markets slipped Monday, with traders growing nervous that talks to raise the US borrowing limit remain deadlocked just days before a deadline to raise the country's borrowing limit to avoid a default.   Republicans and Democrats...


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Feature / Analysis

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Opinion

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