Economy

  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...

  Oil prices slip

SINGAPORE: Oil prices eased in Asian trade Tuesday as the US government stood on the brink of a partial shutdown due to a gridlock in Congress over a new budget. New York's main contract, West Texas Intermediate for delivery in November, fell ...

  White House orders government agencies to begin shutting down

WASHINGTON: The White House budget director late Monday ordered federal agencies to begin closing down after Congress failed to pass a budget to avert a government shutdown. "Agencies should now execute plans for an orderly shutdown due to the ...

  Opposition, govt ally, traders slam power, POL price hike

ISLAMABAD: Pakistan People's Party (PPP), Pakistan Tehreek-e-Insaf, Muttahida Qaumi Movement (MQM), Pakistan Muslim League-Functional (PML-F) and many traders organisations have condemned the unprecedented hike in the power tariff and POL prices. ...

  Hike in power tariff notified

ISLAMABAD: Authorities concerned have issued notification of power tariff hike for consumers across the country, media reported Monday.   According to the notification issued here Monday, the consumers utilizing electricity up to 200 units would ...

  Karachi Stock Exchange loses 554 points on banking sector woes

KARACHI: Karachi Stock Exchange (KSE) Monday lost a staggering 2.48 percent as banking sector witnessed constant offloading following an increase in minimum Profit and Loss Sharing (PLS) saving account rate by State Bank of Pakistan (SBP).   The...

  Govt drops petrol, electricity bombs on masses

ISLAMABAD: In a move that is feared to unleash a new wave of massive inflation across the country, the government has enormously increased the prices of petroleum products and electricity tariff effective from Tuesday (October 1), media reported M...

  Railways minister says efforts being made to generate maximum revenue

LAHORE: Railways Minister Khawaja Saad Rafique said on Monday that efforts were being made to generate maximum revenue from all areas of the department.   Highlighting the 110-day performance of Pakistan Railways here at Railways headquarters, h...

  IHC issues show cause notice to finance secretary, summons on Oct. 9

ISLAMABAD: Islamabad High Court (IHC) Monday issued a show cause notice to the finance secretary and summoned him on October 9, media reported.   The court issuing show cause notice has asked the finance secretary to explain as to why a contempt ...

  Oil prices tumble

SINGAPORE: Oil prices tumbled in Asian trade Monday as a budget impasse in the United States threatens to shut down parts of the economy, analysts said. New York's main contract, West Texas Intermediate for delivery in November fell $1.16 to $...

  IMF policies known for wiping out economic stability, social and economic equality

Economies depending on IMF haven’t improved, facing unrest International lender leading Pakistan, world to starvation Revival of currency, investors’ confidence not linked to rate hike Islamabad:The Federation of Pakistan Chambers of Commerce an...

  Business community to provide assistance to quake victims

LAHORE: The business community expressed sympathy with the victims of earthquake in Balochistan and assured its proactive support for provision of relief goods and their early rehabilitation. This was assured in a meeting of the Lahore Chamber ...


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Feature / Analysis

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    ISLAMABAD: Prolonged conflicts in Pakistan and Afghanistan have had a ...

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Opinion

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  • America’s Last Task in Kabul

    WASHINGTON: Until now, fighting the Afghan war has been an American pr...

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  • ‘The Wrong Enemy: America in Afghanistan, 2001-2014’ by Carlotta Gall

    In 2012, I rode in a white Toyota Corolla past upscale villas and cafe...

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