Economy

  NICL scam: SC orders to register case against NAB chairman

ISLAMABAD: The Supreme Court of Pakistan (SC), while announcing the verdict in NICL corruption case, ordered to register case against National Accountability Bureau (NAB) chairman Qamar Zaman Chaudhry for creating hurdles in the investigation proc...

  Two fates hinge on NICL verdict

ISLAMABAD: Today's judgment of the apex court in the NICL case will seal the fate of two top Baboos of the Sharifs' regime - Qamar Zaman Chaudhry, chairman NAB, and Abdul Rauf Chaudhry, Federal Tax Ombudsman (FTO) and chairman of commission for ap...

  Dollar extends gains in Asia after Fed minutes

TOKYO: The dollar extended its gains in Asia on Thursday after minutes from the Federal Reserves October meeting showed policymakers were considering cutting its stimulus programme "in coming months".   The greenback climbed to 100.39 yen in Toky...

  Oil prices ease after Iran talks open

SINGAPORE: Oil prices eased in Asia Thursday after talks between Iran and world powers on its disputed nuclear programme opened in Geneva, while signs of rising US demand failed to boost New York’s main contract. West Texas Intermediate crude,...

  Arms scandal: NAB arrests former IG KP Malik Navid

PESHAWAR: National Accountability Bureau (NAB) has arrested former inspector general police Khyber Pakhtunkhwa, Malik Navid, over irregularities in purchase of weapons for police department, media reported. The NAB officials arrested Malik Nav...

  After tomato, potato prices soar in Pakistan

ISLAMABAD: The prices of vegetables particularly potato have gone beyond the reach of common man, media reported. The potatoes were being sold at Rs105 per kg in Islamabad, Rs100 per kg in Peshawar and Rs90 per kg in Karachi. Following the sk...

  KSE 100-share index falls 18 points

KARACHI: Karachi Stock Exchange (KSE) benchmark 100-share index fell 0.08 percent, or 18.46 points, to 23,800.97 on Wednesday. Currencies also affected the local bourse and the market saw profit-taking at the end of the session. Engro Corpora...

  New Islamabad airport to be operative by 2015

ISLAMABAD: The Civil Aviation Authority official, Muhammad Ali Gardezi, has said that the Civil Aviation Authority is actively working on a new Islamabad airport project which sould be completed by 2015. In an interview with state TV he said CA...

  RTA seals three rent a car services

PESHAWAR: Three rent-a-car services were sealed in a grand operation against illegal transport business here on Tuesday. According to details on the orders of Peshawar High Court (PHC) Secretary RTA Niamatullah and AAC IX Irfanuddin DSP Traffic Asg...

  Asia shares slip after OECD cuts global growth outlook

HONG KONG:Asian markets mostly fell on Wednesday after the OECD cut its forecasts for global growth, citing the likely effect of any wind-down in the Federal Reserves stimulus programme. The downbeat mood from the Organisation for Economic Co-o...

  Dollar slips in Asia after Bernanke speech

TOKYO:The dollar slipped back below 100 yen in Asia Wednesday after US Federal Reserve chief Ben Bernanke indicated the banks stimulus programme would remain in place until the economy was back on track. The greenback bought 99.98 yen in Tokyo,...

  Oil prices firm ahead of Iran nuclear talks

SINGAPORE: Oil prices rose in Asia Wednesday after US President Barack Obama said he was not sure a deal could be reached this week on Iran’s disputed nuclear programme. New York’s main contract, West Texas Intermediate (WTI) for December deli...

  Million-dollar gold stash found in aircraft toilet

KOLKATA: Cleaners working on a commercial plane in eastern India have found 24 gold bars worth more than $1 million stuffed into a toilet compartment, officials said Wednesday. India, which rivals China as the world’s biggest gold consumer, has wi...

  22-member energy trade mission visit US

HOUSTON: A 22-member Energy Trade Mission led by Mr. Shaid Khaqan Abbasi, Federal Minister of Pakistan for Petroleum and Natural Resources, visited Houston, Texas.   Participants of the mission included representatives from leading oil and gas c...

  Raja Pervaiz Ashraf appears in Accountability Court in RPP case

ISLAMABAD: Former prime minister Raja Pervaiz Ashraf appeared before the Accountability Court of Judge Mohammad Bashir in rental power projects (RPP) case on Tuesday here, media reported.   During the hearing, Raja Pervaiz Ashraf was provided wit...

  Oil prices fall in Asia

SINGAPORE: Oil prices fell in Asia Tuesday as data showed global supplies were rising, while traders are also keeping an eye on talks between major powers and Iran over Tehran's nuclear programme, analysts said. New York's main contract, West ...

  Five arrested in $45 mn cyber heist

NEW YORK: Five people were arrested Monday following a global "cyber heist" in which hackers stole $45 million by overriding the cash withdrawal limits of prepaid debit cards, US officials said.   According to the US Justice Department, those arr...

  Philippines $1bn loan pledges for post-typhoon rebuilding

MANILA:The Philippines has received loan pledges totalling one billion dollars to help rebuild areas ravaged by Super Typhoon Haiyan, after the World Bank Monday matched an Asian Development Bank offer.   In a statement, the World Bank said $500 ...

  Dollar rally slows in Asian trading

TOKYO: The dollars surge ran out of steam in Asian afternoon trade Monday, despite a regional equities rally and following tepid US economic data.   The greenback fetched 100.06 yen in Tokyo, down from 100.12 yen in New York Friday afternoon.   ...

  Electricity demand-supply gap at 1100MW

ISLAMABAD: The power shortfall in the country persists at 1100MW, said National Transmission and Dispatch Company (NTDC), media reported.   According to spokesman of the NTDC, the electricity generation in the country was 9900 MW, while its demand...


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Feature / Analysis

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Opinion

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