Economy

  Cement stocks lead rally at Karachi Stock Exchange

KARACHI: The cement stocks as well as hopes of dovish monetary policy continued to stoke the rally at Karachi Stock Exchange here on Tuesday.   The KSE-100 Index closed at 22,992.17 mark after rising 0.67 percent or 153.33 points.   Rising regio...

  Asian stocks extend gains, boosted by Syria hopes

HONG KONG: Asian markets extended gains on Tuesday, with investors buoyed by a string of upbeat global economic data as well as signs that a US-led strike on Syria could be averted.   Buying sentiment was also boosted by a rally on Wall Street, w...

  Oil dips as fears of Syria strike ease

SINGAPORE: Oil prices dipped in Asian trade Tuesday as fears of a possible US-led strike on Syria eased, with the United States appearing open to a Russia plan for Damascus to give up its chemical weapons. New York's main contract, West Texas I...

  Sindh CNG stations closed for 24 hours

KARACHI: CNG stations would remain closed across Sindh during the next 24 hours as part of gas load management plan, media reported Tuesday morning.   According to schedule, the CNG stations were closed Tuesday (today)at 8:00 am across Sindh. Th...

  Engro Foods, Lucky Cement keep KSE afloat

KARACHI: Led by Engro Foods and Lucky Cement, Karachi Stock Exchange closed higher on Monday to finish at 22,838.84 points.   By the time the closing bell rang, the benchmark 100-share index was up by 0.32 percent, or 72.97 points.   Analysts sai...

  Journalists on smuggling boat intercepted off Australia

SYDNEY: Two journalists were found on a people-smuggling boat intercepted off northern Australia, officials said Monday, with reports they had spent three days at sea and were badly sunburnt. The pair, one Dutch and one United States national, ...

  Pakistan economy to get a boost by IMF program: Moody's

WASHINGTON: Loan granted by the International Monetary Fund (IMF) and the economic reforms under the program will help bring stability in the country’s economy, International Financial Rating Agency Moody’s report said. The handout issued by t...

  ‘Industrial units to face gas shortage in winter’

KARACHI: Industrial units in Sindh will face two-day gas closure in a week in the coming winter, said Managing Director Sui Southern Gas Company Zaheer Siddiqui on Monday.   He said that the authorities feared more gas shortage as compared to la...

  Bolivia to launch lithium-ion battery plant

LA PAZ: Bolivia will launch South America's first plant producing lithium-ion batteries next year using Chinese technology, authorities said Sunday.   "We are talking about a launch in April or May when we will be producing lithium-ion batteries...

  Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asian trade Monday as investors await further developments on a possible US-led military strike against Syria. New York's main contract, West Texas Intermediate (WTI) for delivery in October, was down 22 cen...

  Delay in MFN to India against Pakistan’s interests: Farida Rashid‏

MFN to result in productive economic relations: IWCCI Delay in reforms, tough decision to waste IMF loan No justification for upward revision in policy rate Islamabad: The Islamabad Women's Chamber of Commerce and Industry (IWCCI) on Sunday sai...

  Pharma Company criticized for unethical hike in price of tetanus injection

Pharma co criticised for unilateral, unethical hike in price of tetanus medicine Islamabad: The Pakistan Economy Watch (PEW) on Sunday asked the Prime Minister and Chief Justice of Pakistan to take notice of illegal hike in the price of tetanus ...

  NAB may open cases against Zardari: Aitzaz

LAHORE: Eminent lawyer and Pakistan People’s Party (PPP) leader Senator Aitzaz Ahsan said that Asif Ali Zardari enjoyed immunity as President of the country but the National Accountability Bureau (NAB) might open cases against him after his depart...

  Man tried to enter US via red chile shipment: Feds

COLUMBUS: Authorities say an immigrant suspected of entering the country illegally attempted to make his journey in an unusual but hot place - a shipment of red chile.   US Customs and Border Protection officers working at a New Mexico border ch...

  CJ terms unfair allegations of inordinate delays in cases

ISLAMABAD: The Chief Justice of Pakistan, Iftikhar Muhammad Chaudhry Saturday dubbed as unfair the allegations of keeping cases advertently pending, media reported.   “The government is neither increasing the number of judges nor resolving the i...

  Business community to support transparent, responsible privatization process

Pakistan offers best investment climate in the region: Malik Zubair FPCCI asks UK, west to accelerate economic partnership with Pakistan Western media biased against Pakistan, scaring away potential investors Business community to support transpar...

  Pakistan gets first installment of loan from IMF

ISLAMABAD: Pakistan has received first installment of $540 million loan from International Monetary Fund (IMF) under new assistance program, media reported. Sources in the ministry of finance told Geo News that $540 million had arrived in Stat...

  Pakistan Steel Mills bailout gets ECC green light

ISLAMABAD: Economic Coordination Committee (ECC) has approved a bailout package for financially strapped Pakistan Steel Mills (PSM), media reported. The ECC met under the chair of Prime Minister Muhammad Nawaz Sharif here on Saturday. The m...

  ANF recovers 8kg heroin at Islamabad Airport

ISLAMABAD: Anti Narcotics Force (ANF) Thursday recovered 8 kilograms heroin from a passenger at Islamabad International Airport.   According to ANF press release, as per normal routine ANF Airport search was under progress, when one of the dogs fr...

  KSE extends rally; 100-Index vaults by 314 points

KARACHI: Pakistani stocks continued to rally on Friday counting on the market consensus that State Bank of Pakistan (SBP) would hold the interest rate following International Monetary Fund’s (IMF) go-ahead to a loan plan for Pakistan.   The benc...


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Feature / Analysis

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  • EPA scores big win to limit mercury in power plants

    The Environmental Protection Agency took home a sweeping victory Tuesd...

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  • Asian Pollution Boosts Pacific Storm Power

    Pollution from China's coal-burning power plants is pumping up winter ...

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Opinion

  • Coal Returns to German Utilities Replacing Lost Nuclear

    What’s a beleaguered utility to do when forced by the government to cl...

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  • US Is an Oligarchy Not a Democracy, says Scientific Study

    A study, to appear in the Fall 2014 issue of the academic journalPersp...

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  • An unequal battle

    WHILE going to the Karachi Press Club to attend a press conference cal...

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  • Turtles Change Migration Routes Due to Climate Change

    CAHUITA NATIONAL PARK, Costa Rica : The critically endangered hawksbil...

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