Economy

  Hike in power tariff: Government submits reply to SC

ISLAMABAD: The federal government has submitted its reply to the Supreme Court in the suo moto case pertaining to the increase in power tariff.   Joint Secretary of Power Zargham Ishaq submitted the reply which included the report dispatched by ...

  PIA, PSM among 31 organizations to be privatized

ISLAMABAD: The Cabinet committee for Privatization has decided to privatize 31 state-run organizations including Pakistan International Airlines (PIA) and Pakistan Steel Mills (PSM) by floating their 26 percent shares, media reported Thursday.   ...

  Pakistani equities end the day on a flat note

KARACHI: Karachi Stock Exchange (KSE) incurred marginal losses on Thursday to end lower at 22,152.35 points.   The benchmark KSE 100-Index lost 0.17 percent or 37.32 points.   Pakistan's premier bourse closed lower after witnessing a lackluster ...

  Global food prices decline thanks to good grain harvest: FAO

UNITED NATIONS: Global food prices fell for a fifth month running in September, the UN said on Thursday, as bumper cereals production is helping rebuild world food stocks.   The UN's Food and Agriculture Organisation (FAO) food price index -- a ...

  Power tariff hike is a bitter pill we need to swallow: minister

ISLAMABAD: Information Minister Pervez Rasheed has said the recent hike in power tariff was a bitter pill which people would have to swallow to cure the ailing economy.   Speaking at a press conference on Thursday, he said that the country was i...

  India: Lalu Prasad jailed for five years on graft

NEW DELHI: An Indian court sentenced a powerful ally of the ruling Congress party to five years in jail on Thursday for siphoning off state funds, underlining that a wave of public disgust with rampant corruption is finally catching up with the na...

  Hong Kong seizes elephant tusks worth $1 million

HONG KONG: Elephant tusks worth more than $1 million were seized by Hong Kong customs after being discovered hidden under bags of soya in shipments from West Africa, officials said Thursday. In what officials called an "intelligence-based" oper...

  Ishaq Dar calls on PM Nawaz

ISLAMABAD: Ishaq Dar, Minister for Finance called on Prime Minister Muhammad Nawaz Sharif at PM’s House on Thursday and briefed him on the electricity tariff rationalization.   The Prime Minister stressed that low income groups must be protected ...

  Petrol station owners strike continues in Quetta

QUETTA: The strike of petrol station owners continued in the city for the fourth consecutive day. The strike call which was given by the Balochistan Petroleum Association has led to immense difficulties for the city’s residents.   There is a rus...

  KESC cannot exceed 650 MW: Abid Sher Ali

ISLAMABAD: Minister of State for Water and Power, Abid Sher Ali has warned the Karachi Electric Supply Company (KESC) that it cannot use more than 650 MW from the national grid.   Speaking to the media after receiving a briefing at the National P...

  50 dead as migrant boat sinks in Italy

ROME: At least 50 asylum-seekers drowned and 120 were rescued after a boat carrying some 500 people caught fire and capsized near an Italian island on Thursday, officials and media reports said. The Italian news agency Ansa cited officials as s...

  PM Nawaz inaugurates Latif Gas Field Khairpur

ISLAMABAD: Prime Minister Mian Muhammad Nawaz Sharif inaugurated the Latif Gas Field Khairpur here on Thursday, media reported. While speaking at the occasion, PM Nawaz said that it is an honour for him to launch the Latif Gas Field project. He ...

  White House talks fail to end government shutdown

WASHINGTON: Talks between an exasperated President Barack Obama and top Republicans failed to end a government shutdown Wednesday, with both sides accusing the other of refusing to move off hardened positions.   Obama meanwhile, sent Wall Street ...

  Top Indonesian judge arrested in corruption scandal

JAKARTA: Indonesian anti-corruption investigators have arrested the constitutional court's top judge for allegedly accepting a bribe of more than $250,000 in a case linked to a disputed election, an official said Thursday. Akil Mochtar was det...

  Anti-route violation unit impounds 74 vehicles

ISLAMABAD: Making renewed efforts for convenient journey of commuters in public transport vehicles, anti-route violation unit of Islamabad Traffic Police (ITP) has started special checking and impounded 74 vehicles over incompletion of routes besi...

  Asian shares mostly higher despite US crisis

HONG KONG: Asian markets mostly rose on Thursday but eyes remain fixed on the budget gridlock in Washington that has shut down the federal government as President Barack Obama warned Wall Street over the crisis. Investors appeared to brush off ...

  Euro higher in Asia as Italy political crisis averted

TOKYO: The euro climbed in Asia Thursday after a bid to topple Italy's government fell apart, while the US budget impasse raised fears of a catastrophic debt default, weighing on the dollar. The European single currency bought $1.3606 in Tokyo,...

  Oil prices slip on fears of protracted US shutdown

SINGAPORE: Oil prices slipped in Asian trade Thursday as investors fretted about the impact on oil demand as lawmakers in Washington look unlikely to reach an early agreement to end the US government shutdown.   New York's main contract, West Tex...

  Govt not to review power tariff: Khwaja Asif

ISLAMABAD: Federal Minister of Water and Power Khwaja Asif has said that the tariff of National Electric Power Regulatory Authority (NEPRA) is much more than the one determined by the government.   The minister said that the government would not ...

  Subsidy on power needs printing of notes: Musaddiq Malik

ISLAMABAD: Special assistant to the prime minister on water and power Musaddiq Malik has said that the notification of revised power tariff would not be withdrawn.   Talking to media, Musaddiq Malik said that in order to give subsidy on power th...


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Feature / Analysis

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    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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