Economy

  JI seminar decides to constitute anti-privatization committee

LAHORE: Jamaat-e-Islami (JI) Amir Syed Munawar Hassan on Wednesday said that the government policy of privatization would render as many as 0.6 million people jobless, media reported.   He said that his party would launch a countrywide movement a...

  NAB decides to move against Gilani

ISLAMABAD: The National Accountability Bureau (NAB) has decided to move against former prime minister Yousuf Raza Gilani in the multi-billion NICL scam, sources said on Wednesday.   The sources said that the anti-corruption body is considering to...

  Oil prices edge lower

SINGAPORE: Oil prices edged lower in Asian trade with few leads to spur fresh market movement, but retained support from signs of resurgent demand in the United States, the world´s biggest oil consumer, analysts said. New York´s main contract,...

  Punjab CNG, industry gas closure maybe extended by another month

ISLAMABAD: The gas closure for industrial and CNG sectors in the Punjab may be extended to three months, instead of a two-month period, keeping in view the increasing gas shortages in the system. This was stated by Secretary Petroleum and Natur...

  Dollar mixed in Asia after US budget deal

TOKYO: The dollar was mixed in Asia on Wednesday after a deal on US spending that aims to avoid a repeat of a paralysing government shutdown. The greenback weakened slightly to 102.79 yen in Tokyo morning trade, from 102.81 yen in New York and...

  Joint NAB team interrogates its chief Qamar Zaman in NICL case

ISLAMABAD: A National Accountability Bureau (NAB) team has started a probe into the National Insurance Company Limited (NICL) case as per the order of the Supreme Court (SC). Former Secretary Establishment Abdul Rauf Chaudhry and Former Interio...

  Twitter shares touch new high, sail past $52

NEW YORK CITY: Investors piled into Twitter Inc for the second straight day, lifting its shares to more than $52 and setting a new intraday high on Tuesday even in the absence of any significant announcements from the social media debutante.   S...

  Bipartisan negotiators reach modest US budget pact

WASHINGTON: Shedding gridlock, key members of Congress reached a modest budget agreement Tuesday to restore about $63 billion in automatic spending cuts from programs ranging from parks to the Pentagon.   The increases would be offset by a variet...

  Tribal masks fetch 550,000 euros in controversial French sale

PARIS: A Paris auction of sacred masks from the Hopi and San Carlos Apache Native American tribes fetched more than 550,000 euros Monday, defying protests from the United States and activists.   The US embassy had asked for the suspension of the ...

  Visa-free travel to UK for Emiratis

ABU DHABI: Emiratis will be able to visit the UK without a visa from early next year.   The new electronic visa waiver will be free, and can be obtained up to 48 hours before departure.   It will be available online and replaces the existing time...

  Dollar mixed in Asia after strong US jobs report

TOKYO: The dollar was mixed in Asia Monday after a solid US jobs report for November boosted the chances of an early pullback on the Federal Reserve´s stimulus programme. The greenback fetched 103.01 yen in Tokyo morning trade, from 102.85 yen ...

  Oil prices climb in Asian trade

SINGAPORE: Oil prices rose in Asian trade Monday as robust US jobs data boosted hopes for stronger energy demand in the world´s biggest economy.   New York´s main contract, West Texas Intermediate (WTI) for January delivery, was up 23 cents at $9...

  SNGPL chokes gas supply to Punjab industry

ISLAMABAD: The top management of Sui Northern Gas Pipelines Limited (SNGPL) has closed the gas supply to CNG, industrial sector, captive power plants (CPPs) and independent power plants (IPPs) for an indefinite period in the Punjab.   Sources in...

  Oil up in Asian trade

SINGAPORE: Oil prices rebounded in Asian trade Tuesday, with strong US economic data lifting investor sentiment, analysts said. New York´s main contract, West Texas Intermediate (WTI) for January delivery, was up 10 cents at $97.44 a barrel in m...

  Asian markets mostly up after US jobs data

HONG KONG: Asian markets mostly rose on Monday and the dollar edged higher against the yen as Wall Street rallied in response to a surprisingly sharp fall in the US jobless rate.   Japanese shares enjoyed healthy gains despite the government´s d...

  Gas supply suspended to CNG sector for indefinite period in Punjab

ISLAMABAD: The Sui Northern Gas Pipelines Company Limited (SNGPL) has decided to suspend gas supply to industries and the Compressed Natural Gas (CNG) stations in Punjab for an indefinite period. The decision in this regard has been taken in vi...

  US household wealth reaches high of $77 trillion

WASHINGTON: A surging stock market and a steady recovery in home prices drove Americans' wealth to a record last summer.   The nation's wealth rose 2.6 percent from July through September to $77.3 trillion, the Federal Reserve said Monday. Househo...

  OGRA chairman takes notice of Punjab petrol pumps strike

ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) Chairman has taken notice of “artificial shortages” of petrol and strike being observed by the fuel pumps in Punjab.   The petrol pump owners in Punjab continued to observe strike on second day, ...

  World Bank says Mideast water accord signed

WASHINGTON: The World Bank says senior Israeli, Jordanian and Palestinian officials have signed an agreement to share scarce water resources in the Mideast region that includes use of desalinated sea water.   Ministers responsible for water in t...

  SC delivers verdict on POL price increase

ISLAMABAD : The Supreme Court of Pakistan delivered its verdict in the petroleum, CNG and electricity price increase case, directing the Oil & Gas Regulatory Authority (OGRA) to ascertain prices of petroleum products in line with the international...


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Feature / Analysis

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Opinion

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    Haaretz has learned that the PM spoke to the Egyptian president in a p...

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  • How US and Blair Plotted 'Ceasefire' Scam

    We now have confirmation from the Israeli daily Haaretz of what we sho...

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  • Dodging a Coup in Kabul, For Now

    “If they keep their commitments,” President Barack Obama said on Wedne...

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  • Democracy is about more than elections for Afghanistan

    With John Kerry’s announcement that the two men vying to be the next A...

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