Economy

  Dollar-yen rate up in Asia ahead of Fed decision

TOKYO: The dollar rose against the yen in Asia Wednesday as investors await the end of the US Federal Reserve´s policy meeting to find out its plans for its stimulus programme.   The greenback bought 102.91 yen in Tokyo, up from 102.63 yen in New...

  Residents demand meter system to check overcharging by cabbies

ISLAMABAD: The residents of twin cites Tuesday demanded meter system for taxicabs as cabbies are charging double the normal fare after stoppage of CNG supply to the fuel stations. A large number of daily commuters in twin cities using public tr...

  Cement price/bag goes up Rs10/20

KARACHI: The price of a bag of cement in Sindh and Balochistan has shot up even beyond Rs500, media reported on Tuesday.   Cement industry sources said that the cement price has been increased in the range of Rs10-20 per bag due to the power tarif...

  Nepra throws out petition seeking fuel charges adjustment for Nov.

ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) has rejected the petition seeking fuel charges adjustment for the month of November, media reported on Tuesday.   Acting Chairman Nepra said details given in the petition should be ...

  CNG prices decrease in Pakistan

ISLAMABAD: The notification for a nine percent decrease in the GST of Compressed Natural Gas (CNG) has been issued. After the notification, price of CNG has decreased by Rs1.23 in Region 1 and Rs0.61 in Region 2.   The Supreme Court had declared ...

  Rupee ends higher at 106.78/106.84 against dollar

KARACHI: The rupee Tuesday ended higher at 106.78/106.84 against the dollar, compared to Monday´s close of 107.13/107.18, media reported.   Analysts say, on the face of it, Finance Minister, Ishaq Dar's ominous presage has struck the US dollar, w...

  KSE scales yet another peak at 25, 350 points

KARACHI: Karachi Stock Exchange (KSE)Tuesday ended in the green zone with minor gains but still hit a new all-time high.   The benchmark KSE-100 index closed at a new high of 25,350.20 points after rising by 0.21 percent, or 51.88 points.   The c...

  National savings’ investments plunge down by 65pc

KARACHI: The current hyperinflation in the country has eaten away the savings of the people, as is evident from the crash in national savings’ investments bringing down its rate of investment by 65 percent as compared to previous year, media repor...

  PHC declares fuel adjustment charges ‘illegal’

PESHAWAR: Peshawar High Court (PHC) has declared fuel adjustment charges as illegal, media reported.   Two-member bench headed by Chief Justice PHC Justice Dost Muhammad Khan was hearing case pertaining to fuel adjustment charges here on Tuesday. ...

  Dollar steady in Asia ahead of Fed meeting

TOKYO: The dollar held steady in Asia Tuesday ahead of a key US Federal Reserve policy meeting, while the euro won support from upbeat business activity data for the embattled eurozone. The greenback fetched 103.00 yen in Tokyo afternoon trade,...

  Oil prices down on speculation over US stimulus

SINGAPORE: Oil prices edged lower in Asian trade Tuesday on growing expectations the US Federal Reserve will scale back its stimulus programme after a key policy meeting this week, analysts said. New York´s main contract, West Texas Intermediat...

  Shahbaz takes notice of water mixed meat sale in Punjab

LAHORE: Chief Minister Punjab Shahbaz Sharif has taken notice of sale of water mixed meat in the province, media reported.   The chief minister, while taking notice of water mixed meat sale, ordered indiscriminate and strict action against those i...

  President Mamnoon lauds social services of Prince Karim Agha Khan

ISLAMABAD: The spiritual leader of the Ismaili community Prince Karim Aga Khan, Monday called on President Mamnoon Hussain at Aiwan-e-Sadr.   Welcoming Prince Karim Aga Khan, the President appreciated the services of Prince Karim Aga Khan across ...

  Asian shares lower, Tokyo slides as yen bounces

HONG KONG: Asian markets were mostly lower Monday as dealers bet that the US Federal Reserve will announce a cut in its stimulus programme at its policy meeting this week. The dollar slipped in Asia as investors adjusted positions before the me...

  CNG to remain close for two days in Sindh

KARACHI: CNG filling stations will again observe two days closure in Sindh including Karachi in the current week, following the load shedding schedule issued by the Sui Southern Gas Company (SSGC), media reported. According to the schedule iss...

  Fodder scam: Lalu released after Indian SC granted bail

Ranchi: Rashtriya Janata Dal chief and former Bihar chief minister Lalu Prasad was released from the Ranchi prison on Monday after being granted bail by the Supreme Court in a fodder scam case.   Lalu was welcomed by a huge crowd of RJD supporter...

  Oil prices edge higher

SINGAPORE: Oil prices edged higher in Asian trade Monday as investors focused on the US Federal Reserve´s policy meeting this week for clues about its long-awaited stimulus pullback. New York´s main contract, West Texas Intermediate (WTI) for J...

  Expo-2020: Pakistan's voting for Turkey annoys UAE

ISLAMABAD: The Foreign Office (FO) appears to have failed in justifying its earlier vote for Turkey for hosting the Expo-2020 instead of the United Arab Emirates (UAE). Well-placed sources in the FO claimed Turkey had approached the Pakistan P...

  World Expo- 2020: Pakistan becomes sandwich between two friendly countries

DUBAI: Pakistan seems to have become a sandwich between two friendly countries for its vote in a World Expo 2020. A Gulf newspaper carried a story against Pakistan and expressed doubts over Islamabad’s credibility as a friend. The paper harsh...

  CNG closure: association to hold protests from Monday

ISLAMABAD: All Pakistan Compressed Natural Gas (CNG) Association has announced to stage demonstrations to protest against the gas supply closure from Monday.   Chairman APCNGA, Ghiyas Paracha said the transporters are also poised to hold their p...


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Feature / Analysis

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