Economy

  NICL scam: NAB asks police to produce Gilani before probe body

ISLAMABAD: The National Accountability Bureau (NAB) has asked police to produce former prime minister Yousuf Raza Gilani before a probe team of the anti-corruption body for his alleged involvement in the NICL scam.   Gilani was to appear before t...

  Petroleum minister announces to increase gas prices next month

ISLAMABAD: Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi has announced to increase gas prices from January 1.   He told media on Thursday that the prices would be increased for all the sectors except domestic consumers....

  Pakistan gets GSP Plus status from European Parliament

BRUSSELS: The European Parliament has granted GSP Plus status to Pakistan. 406 parliamentarians expressed their support for Pakistan and the status has been granted till 2017.   The status will prove to be of great benefit to Pakistan’s textile ...

  Pak may decide on MFN status to India after elections: Dobbins

WASHINGTON: The US special representative for Pakistan and Afghanistan, James Dobbins, has said that Islamabad may decide to grant Most Favoured Nation (MFN) status to India after the elections in neighbouring country.   The Obama Administration...

  Dollar mixed in Asian trade ahead of Fed meeting

TOKYO: The dollar was mixed in cautious Asian trade Thursday ahead of next week´s US Federal Reserve policy meeting that could see the bank announce a wind down its stimulus programme. The greenback fetched 102.58 yen in Tokyo, up from 102.40 y...

  Oil prices down in Asian trade

SINGAPORE: Oil prices eased in Asian trade Thursday on a mixed US inventory report indicating tepid demand, while expectations of a return of Libyan supplies also weighed, analysts said. New York’s main contract, West Texas Intermediate (WTI) f...

  IEA raises oil demand outlook on European, US growth

PARIS: Global oil demand growth is expected to accelerate in 2014 on increased consumption from Europe and the United States, the International Energy Agency (IEA) said on Wednesday.   The IEA, highlighting strongly growing demand in the United S...

  Abid Sher Ali says accord to provide 660MW electricity to KESC illegal

ISLAMABAD: State Minister for Water and Power Abid Sher Ali has said that agreement to provide 660MW electricity to Karachi Electric Supply Company (KESC) is illegal, media reported.   During question-answer session in the National Assembly (NA) ...

  Sugar to be sold for Rs50 at utility stores

ISLAMABAD: The Economic Coordination Committee (ECC) has decided to cut down the price sugar, which is the staple food item, by Rs5 per kilogram at the Utility stores across the country, media reported Wednesday.   In the wake of the above decis...

  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 ...


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Feature / Analysis

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