Economy

  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...

  Pakistan’s liquid foreign reserves stand at $9,077.7mn

KARACHI, November 18 (PPI): State Bank of Pakistan here Monday said the total liquid foreign reserves held by the country stood at $ 9,077.7 million on 8th November, 2013.   Foreign reserves held by the State Bank of Pakistan stood at $3,845.4mn ...

  Dollar up by paisa 15 sells at Rs108.75 in open market

KARACHI: The central bank foreign exchange reserves has plunged down to $4 billion only enough to finance one month worth of imports due to the delay in the receipt of the new tranche of International Monetary Fund (IMF) loan and payback of the ol...

  Pakistan offers huge incentives to foreign investors: PM

BANKOK: Prime Minister Muhammad Nawaz Sharif has said that his government is committed to accelerated digitization of the country to enable socioeconomic development‚ to create a knowledge-based economy and promoting economic growth.   In his ke...

  Oil prices ease ahead of Iran nuclear talks

SINGAPORE, Nov 18, 2013 (AFP) -Oil prices dipped in Asian trade Monday on profit-taking and ahead of fresh international talks on Iran's nuclear programme, analysts said. New Yorks main contract, West Texas Intermediate for delivery in Decembe...

  1,800 rare US coins sell for $23mn in NYC auction

NEW YORK CITY: Nearly 2,000 rare American coins amassed over 90 years by a 102-year-old Missouri collector have sold for $23 million at a two-day New York City auction.   Heritage Auctions Co-Chairman Jim Halperin says Sunday retired St. Louis l...

  Goods transporters call off strike on acceptance of demands

KARACHI: The goods transporters on Sunday called off their 11-day long strike on conclusion of the successful talks with the Federal Finance Minister held at the Governor House here, media reported.   The containers held up for such a long time, ...

  Australia gifts Sri Lanka boats to tackle asylum-seekers

SYDNEY: Australia on Sunday said it would give Sri Lanka two patrol boats to tackle people-smuggling operations in the Indian Ocean, hoping they can detect vessels before they leave the Asian nations waters. The decision comes with the Tony Abb...

  FPCCI calls for immediate MFN status to India for mutual prosperity

Real two-way trade potential stands at USD 50 billion: Zubair Ahmed Malik Apex chambers of Pakistan, India agree to take trade relations to next level Islamabad: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has asked ...


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Feature / Analysis

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Opinion

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