Economy

  Turkey´s interior minister also resigns amid graft scandal: TV

ANKARA: Turkey´s interior minister resigned on Wednesday, the second in the cabinet to step down over an anti-graft probe that has roiled the government of Prime Minister Recept Tayyip Erdogan, local media reported. The news of Muammer Guler´s resign...

  Asian markets mixed after record US highs

HONG KONG: Asian shares were mixed Wednesday after another record-breaking close on Wall Street, though most financial markets in the region were closed for the Christmas holiday. Tokyo climbed 0.40 percent, Shanghai slid 0.17 percent while Taipei ro...

  Dollar higher in Asia

TOKYO: The dollar traded higher against major currencies in Asia on Wednesday following another batch of solid US economic data. The greenback bought 104.37 yen in Tokyo afternoon trade from 104.27 yen in New York Tuesday afternoon. The euro bought $...

  Chinese investment in EPZ

PESHAWAR: The management of Export Processing Zone (EPZ) Risalpur has succeeded to bring in $13.250 million Chinese investment for processing of raw copper ore.The processing of raw copper ore includes flotation and refining by M/s Pearl River Mining...

  CM Khattak has been taxpayer for 50 years

NOWSHERA: Chief Minister Pervez Khattak Monday said that he had been paying income tax for the last 50 years and there was no difference in his returns after his assets were declared. Talking to the media, he said Khyber Pakhtunkhwa was exempted from...

  ANP MPA says funds allocation not equitable

PESHAWAR: The Awami National Party (ANP) Parliamentary leader in the Khyber Pakhtunkhwa Assembly Sardar Hussain Babak has decided to move the Peshawar High Court against the Pakistan Tehreek-e-Insaf (PTI) led provincial government for what he believe...

  Saeen ‘Santa’ Bilawal doesn’t deliver the goods

Christian families complain they were not given any cheques as expectedKarchi: With Christmas only a day away, several Christian families invited to the Sindh National Museum thought they’d go home Rs5,000 richer. They were expecting the “prince of S...

  Karachi Stock Exchange ends flat

KARACHI: Amid low participation coupled with profit-taking Karachi Stock Exchange (KSE) remained marginally under stress and lost 51 points on Tuesday.The benchmark KSE-100 Index lost 0.20 percent, or 50.94 points. It closed at 25,366.69 mark by the ...

  Pakistan receives second tranche of IMF loan

KARACHI: Pakistan has received $554 million dollars as a second tranche of its $6.7 billion bailout loan from the International Monetary Fund (IMF) following which country's foreign exchange reserves would rise above $9 billion. “Pakistan received th...

  Pakistan and Turkey agree to increase cooperation in several sectors

ISLAMABAD: Pakistan and Turkey on Tuesday pledged to intensify cooperation in energy, trade, urban development, infrastructure and housing sectors besides inking agreement to operationalise the Islamabad-Tehran-Istanbul ECO Container Train. Prime Min...

  China commits $6.5 billion for nuclear power project in Karachi

ISLAMABAD: China has committed $6.5 billion to finance the construction of a major nuclear power project in Pakistan's port city of Karachi as it seeks to strengthen ties with its strategic partner, Pakistani officials said. Pakistani Prime Minister ...

  Japan approves a record $922bn budget

TOKYO: Japan approved its biggest ever budget Tuesday, as an improving economy and a sales tax hike in made room for more defence spending and the first step towards achieving a balanced budget. Prime Minister Shinzo Abe´s cabinet rubber-stamped a pl...

  $40 million fund created for Bangladesh victims

DHAKA, Bangladesh : A compensation fund to benefit the victims of an April factory building collapse in Bangladesh that killed more than 1,100 people is being created.The fund, estimated at $40 million, would compensate injured workers and dependents...

  Work on CASA to import 1,000MW power from Tajikistan next year

PESHAWAR: The construction work on the Central Asia-South Asia (CASA) project will be initiated in the next financial year to import 1,000 megawatt electricity from Tajikistan as international financial institutions had pledged $2 billion loan to mee...

  NAB gets remand of ex-IGP for another 10 days

Weapons scamPESHAWAR: The National Accountability Bureau (NAB) on Monday got another 10-day physical remand of former inspector general of police (IGP) Malik Naveed Khan in the multi-billion weapons scam as the NAB claimed to have produced a witness ...

  Tokyo stocks open 0.54 percent higher

TOKYO: Tokyo stocks opened 0.54 percent higher on Tuesday following record-breaking advances on Wall Street. The benchmark Nikkei 225 index was up 85.48 points to 15,955.90 at the start. "The Nikkei will be supported by US shares´ strong performance,...

  NAB gives clean chit to boss in NICL case

ISLAMABAD: The National Accountability Bureau (NAB), the country’s premier anti-corruption body, has given a clean chit to its boss Qamaruz Zaman Chaudhry in a case related to the multi-billion rupees scam in National Insurance Company Limited (NICL)...

  Pakistan, Turkey premiers vow to strengthen bilateral relations

LAHORE: Prime Minister Muhammad Nawaz Sharif and his Turkish counterpart Recep Tayyip Erdogan on Monday vowed to further strengthen the bilateral, trade, cultural, political and economic relations. They stressed the need that both sides should work f...

  Low number of buyers in Sunday bazaars

Lahore: THE arrival of buyers remained thin in Sunday bazaars of the city due to cold weather while limited supply of vegetables had reached these markets due to Saturday rain. Picking of vegetables from fields remained slow in the fields of the prov...

  Institutional profit-taking weighs down on KSE

KARACHI: Karachi Stock Exchange (KSE) lost 0.63 percent on Monday as institutions booked profits by offloading holdings in the banking and oil & gas sectors. The KSE-100 Index fell by 161.70 points, to close at 25,417.63-level. The apex bourse remain...


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Feature / Analysis

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Opinion

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