Economy

  Accountant General of Pakistan removed for filing corruption references

ISLAMABAD: The government has suspended Accountant General of Pakistan Tahir Mehmood and a notification has also been issued in this regard.   Sources told media on Thursday that the 21-grade officer had sent corruption references against alleged...

  IMF approves 2nd tranche of $550m for Pakistan

KARACHI: The International Monetary Fund (IMF) has approved the second tranche of 550 million dollars to Pakistan under the 6.6 billion loan program, media reported Thursday.   According to sources, the approval for the issuance of second tranche...

  KSE ends up in red zone; rupee strengthens vs greenback

KARACHI: Institutional profit-taking Thursday weighed down on Karachi Stock Exchange (KSE) pressing it to a somewhat flat close.   By the time the closing bell chimed the KSE-100 Index had lost 0.20 percent, or 51.82 points, to finish at 25,472.64-...

  Ordinance promulgated to help widows, special people

PESHAWAR: Khyber Pakhtun-khwa Governor Shaukatullah has promulgated the Khyber Pakhtunkhwa Deserving Widows and Special Persons Welfare Foundation Ordinance 2013. Following the promulgation of the new ordinance, a welfare foundation would be e...

  Domestic consumers to face more load shedding: Khawaja Asif

ISLAMABAD: Minister for Water and Power Khawaja Asif has cautioned that the domestic consumers would face more load shedding unwillingly for few weeks, media reported.   Khawaja Asif issued this statement over expected increase in power outages b...

  We can’t close our doors for immigrants: US representative

DALLAS: America can only be a real land of opportunity for immigrants until members of Congress pass the immigration bill, US House Representative Eric Swalwell said.   Addressing a reception hosted by Dr. Muhammad Tariq and Aisha Tariq at their...

  Senate bill would allow US to resume Egypt aid

WASHINGTON: A Senate panel approved a bill Wednesday that would allow the United States to resume its full $1.6 billion aid relationship with Egypt by granting President Barack Obama the power to waive a federal law based on national security. Wid...

  Bank of England to issue plastic banknotes

LONDON: The Bank of England is to issue plastic banknotes for the first time in its history, it announced Wednesday, with Winston Churchill gracing the first run.   The polymer note, carrying a value of £5 ($8.2, 6.0 euro), is to be released in ...

  Oil prices down as investors digest Fed tapering

SINGAPORE: Oil prices eased in Asian trade Thursday after the US Federal Reserve said it would next month start to scale back its bond-buying programme as the economy shows signs of strengthening. New York´s main contract, West Texas Intermedia...

  CNG pumps reopen in Sindh after 24-hour closure

KARACHI: All CNG pumps in Sindh, which were closed on Wednesday under gas load management plan, have reopened on Thursday at 8 AM.   According to Sui Southern Gas Company (SSGC), the CNG filling stations shut on Wednesday as per gas load manageme...

  Dollar down against yen after Fed-fuelled New York rally

TOKYO: The dollar edged down against the yen Thursday after hitting five-year highs in New York in response to the US Federal Reserve´s decision cut back its stimulus programme next month, citing a pick-up in the economy.   Emerging market curre...

  Marvi Memon asks Chitrali women to apply for loan

CHITRAL: Chief Coordinator for Prime Minister Youth Business Loan Programme Marvi Memon on Tuesday said that loan programme would benefit 100,000 youth annually. Talking to reporters at the Governor’s Cottage, she said it would resolve the iss...

  KP needs mega projects, says CM

PESHAWAR: Chief Minister Pervez Khattak has stressed the need for undertaking mega projects for the development of the province with special focus on the provincial metropolis to restore its glorious past. Chairing a meeting on the housing sche...

  Bid to smuggle precious birds foiled

LAKKI MARWAT: Over 100 precious birds seized by political authorities in the Frontier Region were set free by the Wildlife Department officials in a breeding enclosure near Wanda Cheekari and in natural habitat near Dallokhel and Kalan on Tuesday....

  KSE remains upwardly mobile; rupee rally rolls on

KARACHI: With more and more bulls pouring onto the trading floor, Pakistani capital market Wednesday also remained upwardly mobile gaining as much as 200 points during intraday trade.   The benchmark KSE-100 Index put on a 0.69 percent, or 174.26...

  Dollar vs rupee at Rs106.50 in interbank

KARACHI: The dollar against rupee in the interbank market continued to lose during the last few days and made a mark today (Wednesday) as it has come down to Rs107 after about two months, media reported.   Following announcement of the Finance Mi...

  Oil prices up in Asian trade

SINGAPORE: Oil prices edged higher in Asian trade Wednesday as investors anticipate a fall in US crude inventories for the third consecutive week, indicating upbeat demand in the world´s top consumer. New York´s main contract, West Texas Interm...

  Sindh CNG filling outlets shut for 24 hours

KARACHI: All CNG filling outlets across Sindh closed their operations on Wednesday morning at 8 AM for 24 hours under gas load management plan.   According to CNG Association, the CNG stations would reopen on Thursday at 8 AM....

  Dollar-yen rate up in Asia ahead of Fed decision

TOKYO: The dollar rose against the yen in Asia Wednesday as investors await the end of the US Federal Reserve´s policy meeting to find out its plans for its stimulus programme.   The greenback bought 102.91 yen in Tokyo, up from 102.63 yen in New...

  Residents demand meter system to check overcharging by cabbies

ISLAMABAD: The residents of twin cites Tuesday demanded meter system for taxicabs as cabbies are charging double the normal fare after stoppage of CNG supply to the fuel stations. A large number of daily commuters in twin cities using public tr...


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Feature / Analysis

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