Economy

  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prime minister on water and power Musaddiq Malik has said that the notification of revised power tariff would not be withdrawn.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...

  3G license auction policy finalised

ISLAMABAD: Pakistan has finalised its policy directive for the much awaited auction of 3G licenses in the country.   According to Minister of State for Information Technology Anusha Rehman, the four mobile phone companies in the country had shown ...

  Asian shares rise but gains capped by US worries

HONG KONG: Asian markets rose Tuesday but early gains were pared in a muted reaction from investors after the US government partially closed down as Congress missed a deadline to agree a new budget.   The dollar bounced back from Monday's lows in...

  KSE rallies on renewed interest in oil, banking stocks

KARACHI: Karachi Stock Exchange (KSE) rallied on Wednesday after investors once again went bullish on oil and banking stocks.   The benchmark KSE 100-Index gained 0.95 percent or 209.25 points to close at 22,189.67 level.   Engro Corporation Ltd ...

  DHA, ETPB land sale agreement declared void by SC

ISLAMABAD: Supreme Court Wednesday declared the agreement between the Defence Housing Authority (DHA) and the Evacuee Trust Property Board (ETPB) null and void, media reported.   In a suo motu case relating to the ETPB land of billions of rupees ...

  US girds for another day of government shutdown

WASHINGTON: The colossal machinery of the US government will be largely paralyzed again Wednesday in the rancorous dispute over President Barack Obama's health care law, which conservatives want to gut. In the first such shutdown in 17 years, t...

  Govt flayed for raising oil, power prices

KARACHI: Jamaat-e-Islami (JI) Sindh Amir Dr Merajul Huda Siddiqui on Tuesday flayed the present government for once again raising prices of petrol and electricity, and termed the act as cruel and anti-people.   In a statement, Siddiqui said that ...

  Govt. tells SC ready to revise latest hike in power tariff

ISLAMABAD: Federal Minister of Water and Power, Khawaja Asif appearing before the Supreme Court in a suo motu case haring Wednesday told the Supreme Court that the government was willing to revise the latest hike in power tariff, media reported. ...

  LPG price cut by Rs.3 per kg

LAHORE: The price of Liquefied Petroleum Gas (LPG) has been reduced by Rs.3 per kilogram, media reported.   Chairman All Pakistan LPG Distributors Association Abdul Hadi Khan said the prices were reduced due to cut in its price in international ma...

  Oil prices dip as dealers weigh impact of US shutdown

SINGAPORE: Oil prices retreated further in Asian trade Wednesday as investors weighed the economic consequences of the budget crisis that has partially shut down the US government. New York's main contract, West Texas Intermediate for delivery ...

  Dollar weakens as US government shuts down

TOKYO: The dollar fell in Asia on Tuesday as the United States lurched into its first government shutdown in 17 years due to a budget standoff.   The greenback bought 98.16 yen in Tokyo afternoon trade after US lawmakers missed a midnight deadlin...

  KSE ends 147 points higher at 21,980

KARACHI: Karachi Stock Exchange benchmark 100-shareindex rose 0.68 percent or147.74 points to close at 21,980.42.   Renewed buying interest in Pakistan State Oil helped stocks while a delay in the increase in the rate of National Savings Schemes a...

  Asian shares mostly up on hopes of brief US shutdown

HONG KONG: Asian markets mostly rose on Wednesday following a positive lead from Wall Street, with investors betting US lawmakers will quickly reach an deal to bring an end to a government shutdown. However, traders are nervous as Republicans a...

  Cost of graft, ineligibility being squeezed from people: Imran

ISLAMABAD: Chairman Pakistan Tehreek-e-Insaf (PTI), Imran Khan Tuesday said the people are being made to pay the cost of irregularities and ineligibility (on part of the government), media reported.   “The middle class is being targeted by making...

  POL price-hikes challenged in LHC

LAHORE: The latest hike in the price of petroleum products’ was challenged in the Lahore High Court (LHC) on Tuesday, media reported.   The petition filed in the court made a plea that the surge in petroleum products’ prices would lead to further...

  Electricity tariff hike notification submitted in SC

ISLAMABAD: The government has submitted the notification for the hike in the electricity tariff in the Supreme Court on Tuesday. The notification was submitted by the deputy attorney general.   “The court will issue an interim order if the notifi...

  Pervez Rasheed defends power tariff hike decision

ISLAMABAD: Defending the power tariff hike decision, Information Minister Senator Pervez Rasheed has said that they had to take hard decisions in order to end tradition of printing of currency notes in the country, media reported.   Pervez Rashe...

  Dr Malik appeals world organizations for rehabilitation

QUETTA: Chief Minister Balochistan Dr Abdul Malik Baloch has said that 25,000 families were affected in earthquake in the province, media reported.   Addressing a press conference here Tuesday, Dr Malik said they did not have resources to recons...

  Shutdown will 'throw wrench' into economy: Obama

WASHINGTON: President Barack Obama is ramping up pressure on Republicans to avoid a post-midnight government shutdown. He says a shutdown would hurt the economy and hundreds of thousands of government workers.   He says it would ``throw a wrench...

  Senate rejects House budget, two hours to shutdown

WASHINGTON: The US Senate late Monday killed the newest House measure to delay President Barack Obama's health care law as part of a federal funding bill, driving government to the brink of shutdown.   With two hours before a midnight deadline, C...


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Feature / Analysis

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Opinion

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  • An unequal battle

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