Economy

  Asian shares rise on Obama-Republican debt talks

HONG KONG: Asian markets rallied Friday on hopes the US will avoid a default as President Barack Obama and Republican leaders held their first talks on resolving a budget impasse that has already shut the government down. The gains followed Wa...

  Oil prices lower in Asian trade

SINGAPORE: Oil prices dipped in Asian trade Friday despite hopes of a breakthrough in the crippling budget impasse in Washington, as dealers focused on a US supply glut, analysts said. New York's main contract, West Texas Intermediate (WTI) for...

  Pak-US Neelum Jhelum Hydro Power Project accord signed

WASHINGTON: Pakistan and the US have finalized an accord relating to the US assistance and cooperation in the Neelum Jhelum Hydro Power project, media reported on Friday.   US assistance in Neelum Jhelum Hydro Power Project is part of its cooper...

  Pakistan's power shortfall jumps to 3,900 megawatts

ISLAMABAD: Pakistan's power shortfall has again jumped to 3,900MW from 3,450MW as the total generation was recorded as 12,100MW against the demand of16,000MW at 0900 hours.   A handout issued here on Thursday by National Transmission and Dispatch...

  Karachi Stock Exchange recovers but ends flat

KARACHI: Karachi Stock Exchange (KSE) ended flat with its benchmark 100-Index gaining just 17 points here on Thursday.   The market, which closed at 21,674.98 points, saw a tad recovery after losing 430 points on Wednesday.   The analysts anticip...

  Japan pledge $13 million in reconstruction aid to Afghanistan

The Independent Directorate of Local Governance of Afghanistan on Sunday announced that Japan has pledged $13 million in reconstruction and development aid to Afghanistan. Head of the Independent Directorate of Local Governance, Abdul Khaliq F...

  Asian shares mixed as US debt deadline approaches

HONG KONG: Asian markets were mixed on Thursday as traders nervously await signs of progress in solving a budget stand-off in Washington that threatens to plunge the US into default. President Barack Obama said he will meet leaders of the Repub...

  Oil rebounds on breakthrough hopes in US budget crisis

SINGAPORE: Oil prices rebounded in Asian trade Thursday on hopes of a possible breakthrough in the US budget crisis after the White House moved to convene meetings with leading members of Congress.   New York's main contract, West Texas Intermedi...

  ‘Trained work force must for garment industry growth’

KARACHI: “Trained work force is critical for improving productivity and efficiency in the garment industry, for survival and growth in the competitive international market. Prioritizing capacity building of garment industry workers, in lieu of ext...

  Taliban mock US over government shutdown

KABUL: Taliban militants fighting US troops in Afghanistan taunted Washington Wednesday over the government shutdown, accusing US politicians of "sucking the blood of their own people". The Islamist militants issued a statement describing how U...

  Obama to invite Republicans to White House

WASHINGTON: President Barack Obama was making plans to talk with Republican lawmakers at the White House in the coming days as pressure builds on both sides to resolve their deadlock over the federal debt limit and the partial government shutdown....

  Nawaz hails Turkish company’s willingness to invest in Pakistan

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif Wednesday said Pakistan offers a host of areas for investment with ideal economic returns for foreign investors.   Talking to Vice Chairman of a leading Turkish company NUROL Group Orguz Carmikli l...

  Muzaffargarh: former MPA PPP tortures brother over land dispute

MUZAFFARGARH: Pakistan People’s Party (PPP) former MPA Sajjad Hussain Qureshi opened fire and tortured his brother in the presence of Station House Office (SHO) over land dispute, media reported.   According to details, on September 17, Sajjad Qu...

  World fears US default, Obama warns

WASHINGTON: President Barack Obama Tuesday warned world leaders were nervous Republicans would "blow up" the US economy, and vowed not to budge on his demand for the debt ceiling to be lifted without conditions.   But House Speaker John Boehner ...

  Shutdown heads south; Antarctic stations shuttered

WASHINGTON: The US government shutdown is reaching all the way down to the South Pole.   The National Science Foundation announced Tuesday that it is putting its three Antarctic scientific stations in deep freeze just as scientists are starting t...

  Oil prices down

SINGAPORE: Oil prices edged lower in Asian trade Wednesday with little progress made in ending the bitter US government shutdown that has sparked fears of a chaotic debt default, analysts said. New York's main contract, West Texas Intermediate ...

  Asian shares lifted by hopes for end to US debt crisis

HONG KONG: Asian markets mostly rose on Wednesday after President Barack Obama said he was open to a short-term deal to end a US budget stand-off and avoid a devastating default.   There was also broad support for assets and the dollar on news th...

  Washington stalemate sinks US stocks

NEW YORK CITY: US stocks sank and short-term bond yields jumped Tuesday as the stalemate in Washington over passing a budget and raising the debt ceiling took a deeper toll on financial markets.   Investors sold off a wide range of high-flying te...

  US will pay its bills, Obama assures world leaders

WASHINGTON: US President Barack Obama Tuesday sought to reassure jittery markets and nervous allies that the United States would continue to pay its bills despite the current political crisis.   "Obviously my message to the world is the United St...

  Secured IMF loan to avert default: Iqbal

LAHORE: Federal Minister for Planning and Development, Ahsan Iqbal Tuesday said that the loan from International Monetary Fund (IMF) was procured to ensure Pakistan does run into a default.   Talking to media persons after attending a ceremony he...


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Feature / Analysis

  • SMOG IN INDIA, CHINA IS CHANGING WEATHER PATTERNS IN US, FINDS STUDY

    Man-made air pollution in Asia is exacerbating climate change and link...

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  • Amid construction boom, Myanmar starts to build disaster resilience

    YANGON, Myanmar: The Sule Pagoda Road in downtown Yangon is famous for...

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  • EPA scores big win to limit mercury in power plants

    The Environmental Protection Agency took home a sweeping victory Tuesd...

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  • Asian Pollution Boosts Pacific Storm Power

    Pollution from China's coal-burning power plants is pumping up winter ...

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Opinion

  • Coal Returns to German Utilities Replacing Lost Nuclear

    What’s a beleaguered utility to do when forced by the government to cl...

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  • US Is an Oligarchy Not a Democracy, says Scientific Study

    A study, to appear in the Fall 2014 issue of the academic journalPersp...

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  • An unequal battle

    WHILE going to the Karachi Press Club to attend a press conference cal...

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  • Turtles Change Migration Routes Due to Climate Change

    CAHUITA NATIONAL PARK, Costa Rica : The critically endangered hawksbil...

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