Economy

  Unfair distribution of prefabricated houses in Balakot protested

MANSEHRA: Scores of people on Monday took to the streets against unfair distribution of prefabricated houses among the survivors of the October 8, 2005 devastating earthquake in red zone Balakot. The protesters, led by Pakistan People’s Party Balakot...

  Dollar down in Asian trade

SINGAPORE: The US dollar eased against the yen and other Asian currencies in thin Asian trade Tuesday as investors stood on the sidelines with few leads on the last day of the year. The greenback bought 105.04 yen in Singapore afternoon trade down fr...

  Oil prices flat in Asian trade

SINGAPORE: Oil prices were flat in holiday-reduced Asian trade Tuesday, as investors booked profits before the end of the year. New York´s main contract, West Texas Intermediate (WTI) for February delivery, added two cents to $99.31 in mid-morning tr...

  CNG stations to remain closed for 48 hours in Sindh

KARACHI: The CNG filling stations will remain closed for 48 hours in Sindh including Karachi, media reported. The CNG outlets would suspend supply gas to vehicles from 8:00 AM today for 48 hours. It will resume supply on Thursday 8:00 AM. Long queues...

  Asia shares mostly higher in New Year Eve trading

TOKYO: Shares were mixed Tuesday in Asia, as early gains succumbed to selling pressure hours ahead of the year´s final trading session. Hong Kong´s Hang Seng index gained 0.3 percent to close at 23,306.39 in a half-day session, buoyed by gains in mai...

  612 channels to be desilted by Jan 31

LAHORE: DESILTING of canals is being carried out in the province under which 612 channels covering 3,534 canal miles will be desilted with the expenditure of Rs 207.951 million. The desilting plan is being implemented in two phases as works on Mangla...

  PTI to besiege Wapda House, SNGPL GM’s office

Power, gas outagesPESHAWAR: The Pakistan Tehreek-e-Insaf (PTI) would besiege the Wapda House in Peshawar and Sui Northern Gas Pipelines limited (SNGPL) general manager’s office today (Monday) in protest against power and gas loadshedding in Khyber Pa...

  Asian shares mixed as tough year draws to a close

HONG KONG: Asian markets were mixed on Monday, with Tokyo cheered by the yen hitting a five-year low against the dollar, while traders are broadly upbeat as they wind down for the end of a tumultuous year. Wall Street provided a soft lead as investor...

  All banks, DFIs, MFBs to remain closed on Jan 1, 2014

ISLAMABAD: The State Bank of Pakistan (SBP) and all banks (DFIs/MFBs) will remain closed for public dealing on January 1, 2014 (Wednesday). However all employees of banks, DFIs, and MFBs will attend the office as usual said SBP in a statement here Mo...

  Oil prices mixed in Asian trade

SINGAPORE Oil prices were mixed in thin Asian trade Monday as investors focused on a fall in US crude inventories, indicating robust demand in the world´s top consumer. New York´s main contract, West Texas Intermediate (WTI) for February delivery, wa...

  Japan stocks open 0.56 percent higher

TOKYO: Tokyo stocks opened 0.56 percent higher on Monday as the yen dropped to its lowest level in more than five years. The benchmark Nikkei 225 index was up 90.28 points to 16,269.22 at the start of trade. "Supply and demand conditions are good due...

  CNG stations reopen in Sindh after 43 hours closure

KARACHI: The CNG filling stations have resumed supply in Sindh including Karachi on Monday after remaining closed for 43 hours, media reported. According to the spokesman of Sui Southern Gas Company, the CNG stations in Sindh remained shut from 1:00 ...

  PESCO handover to KP government gets PM's go-ahead

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif Sunday principally accepted the proposal of handing over the control of Peshawar Electric Supply Company (PESCO) to Government of Khyber Pakhtunkhwa (KP). According to the Prime Minister’s House spokesm...

  Establishment starts looking into Kishenganga fiasco

Commissioner says partial verdict by world court is the foundation of ultimate lossISLAMABAD: There are reports that the military establishment is upset about the international court’s decision on Kishenganga and its repercussions on the country’s wa...

  BISP, KPCCI to launch training programme in KP

PESHAWAR: The Benazir Income Support Programme (BISP) will launch a vocational training programme for its beneficiaries from February 2014 under a pilot project in Khyber Pakhtunkhwa to provide skilled workforce to the industry in the province. This ...

  Rs33b sanctioned for Hazara motorway

MANSEHRA: Federal Minister for Religious Affairs Sardar Mohammad Yousaf said on Saturday that the federal government had sanctioned Rs33 billion for construction work of first phase of motorway from Hassanabdal to Havelian and work on it would be sta...

  Power outages in Bisham slammed

BISHAM: Residents of Abaseen Colony on Saturday asked the government to take note of the unscheduled and prolonged power outages in Bisham and surrounding villages or else they would launch a protest campaign. The dwellers said that the unscheduled a...

  Goods worth millions gutted

TAKHT BHAI: Goods worth millions of rupees gutted when fire erupted in a local cotton mills on Saturday, sources said.The sources said that the fire in the Rehman Cotton Mills broke out due to short-circuiting.The fire-fighters shifted labourers to s...

  Shahbaz says mechanism in place to control rates

LAHORE: Punjab Chief Minister Shahbaz Sharif Saturday said price control mechanism was being implemented strictly to keep the prices of essential commodities in the reach of the common man across the province. The process, he said, would continue in ...

  Outages increase to eight hours for all

LAHORE: The Lahore Electric Supply Company (LESCO) has increased duration of load shedding from six hours to eight hours a day for all consumer categories residing in the provincial metropolis and adjoining districts. Now all consumer categories, inc...


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