Economy

POL prices slashed: petrol down Rs4.72, diesel 2.53/ltr

ISLAMABAD: The government has slashed prices of petroleum products, bringing down the price of petrol by Rs4.72 per litre and diesel by Rs2.53 with effect from May 1, media reported Tuesday. The Oil and Gas Regulatory Authority (OGRA) has issued a no...

3D printing could herald new industrial revolution

GENEVA: As potentially game-changing as the steam engine or telegraph were in their day, 3D printing could herald a new industrial revolution, experts say. For the uninitiated, the prospect of printers turning out any object you want at the click of ...

UAE to Support Afghanistan Beyond 2014

United Arab Emirates has pledged long-term aid to Afghanistan after 2014, Arab officials said on Thursday. United Arab Emirates' Embassy to Afghanistan said that as part of supporting development projects in Afghanistan the country's aid will be co...

Afghanistan Jails US Government Employee

A former contractor for a recently completed U.S. Agency for International Development (USAID) project in Afghanistan has been sentenced to two-and-a-half years in prison and a $9,500 fine. Noor Anwarzai, 36, was sentenced by Afghanistan’s Special ...

Shahbaz vows to end loadshedding

LAHORE: Pakistan Muslim League-Nawaz (PML-N) leader Shahbaz Sharif has reiterated to end loadshedding after being elected to power in centre, media reported. Addressing a public rally in Warburton area of Nankana Sahib, the former chief minister said...

Pakistan stocks close higher; rupee weakens

KARACHI: Pakistani stocks closed higher on Tuesday, following better results announcements from companies and renewed buying interest in Engro Corporation stocks. The Karachi Stock Exchange's (KSE) benchmark 100-share index ended 0.22 percent, or 41....

Oil up in Asia ahead of US energy report

SINGAPORE: Oil prices rose slightly in Asia Wednesday on cautious hopes of a rise in energy demand in the United States, analysts said. New York's main contract, light sweet crude for delivery in June, added 21 cents to $89.39 a barrel and Brent Nort...

Oil prices up in Asia ahead of US energy report

Yen up in Asia but traders say slide to resume

TOKYO: The dollar retreated a touch against the yen in Asian trade Tuesday, but dealers said it remained on course to break the 100-yen mark after G20 nations gave the green light to aggressive stimulus by Japan. The dollar fetched 99.23 yen in Tokyo...

Dollar slips back after approaching 100 yen mark

TOKYO: The dollar weakened against the yen in Asian trade Wednesday after moving close to the 100 yen mark in the morning, while the euro softened on the back of poor economic data. The dollar bought 99.42 yen in Tokyo morning trade from 99.48 yen in...

Asian markets up on positive Wall St lead

HONG KONG: Asian markets rose on Wednesday following a rally on Wall Street, with Tokyo enjoying a healthy bump as the dollar tries to break through the 100 yen barrier. Tokyo rose 1.29 percent by the break, Hong Kong added 1.00 percent, Sydney was 1...

Asian markets mostly higher

HONG KONG: Asian markets were mostly up on Thursday in quiet trade after an anaemic close on Wall Street, while the dollar's recent rally seemed to have levelled out just short of the 100 yen mark. With few catalysts driving action eyes are moving to...

Sindh CNG pumps to remain open Thursday

KARACHI: All the Compressed Natural Gas (CNG) filling stations will remain open Thursday across the Sindh province, media reported. Chairman All Pakistan CNG Association Sindh, Sameer Gulzar said the CNG pumps were supposed to observe holiday on Thur...

Pakistan stocks close higher; rupee weakens

KARACHI: Pakistani stocks closed at a record high on Thursday, after better than expected March quarterly results were announced. The Karachi Stock Exchange's (KSE) benchmark 100-share index ended 0.56 percent, or 105.94 points, higher at 18,885.60 p...

ANF recovers 1kg heroin at Islamabad Airport

ISLAMABAD: Anti Narcotics Force (ANF) recovered one kilogram heroin at Benazir Bhutto International Airport, Islamabad. As per details ANF received information that narcotics will be smuggled to Saudi Arabia from Islamabad Airport, said a press relea...

Two names recommended for CEO IESCO

ISLAMABAD: Board of Directors of Islamabad Electric Supply Company (IESCO) has recommended two names for the appointment of Chief Executive Officer (CEO) of the company to Ministry of Water and Power (MWP), media reported Thursday. According to sourc...

No power outages from May 11 to 13

ISLAMABAD: Election Commission of Pakistan (ECP) has decided to ensure uninterrupted power supply across the country during three days of elections, media reported. Sources said ECP will contact Chairman WAPDA and Secretary Finance in this regard. Th...

Prepare a pro-people budget , PM directs finance ministry

ISLAMABAD: Caretaker Prime Minister Justice (Retd) Mir Hazar Khan Khoso on Thursday directed the ministry of finance to exercise extreme care in the preparation of budget for the next fiscal year with focus on limiting its size. Conveying important g...

Funds should have been used on energy not metro bus: Imran

PAKPATTAN: Pakistan Tehreek-e-Insaf chairman, Imran Khan said Thursday that if the Punjab government would have used funds on energy and not the metro bus, there would not be loadshedding for 18 hours in the province. “Eliminating the energy crisis a...

Oil prices rise in Asia

SINGAPORE: Oil prices rose in Asia Thursday, buoyed by a lower-than-expected gain in US crude stockpiles and hopes of an interest rate cut by the European Central Bank (ECB), analysts said. New York's main contract, light sweet crude for delivery in ...

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