Economy

  Dollar edges up in Asia before US jobs data

TOKYO: The dollar edged up in Asia Friday ahead of US jobs data later in the day that are seen as key to the Federal Reserve’s plans for its stimulus programme. The greenback fetched 101.84 yen in Tokyo midday trade, slightly up from 101.77 yen...

  Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asian trade Friday as dealers took profits from recent gains fuelled by upbeat US economic and stockpiles data indicating resurgent demand in the world´s biggest economy. New York´s main contract, West Texas ...

  Asian markets mostly lower after upbeat US data

HONG KONG: Asian markets mostly fell on Friday after better-than-forecast US growth data added to expectations the Federal Reserve will start to wind down its stimulus programme as early as this month. But while the strong figures raise the li...

  SC announces verdict in hajj corruption case

ISLAMABAD: The Supreme Court of Pakistan (SC) has announced verdict in hajj corruption case Friday and ordered the Federal Investigation Agency (FIA) to initiate action against influential persons who tried to affect the investigation, media repor...

  SC declares LPG quota accord null and void

Orders losses be recovered; asks FIA to probe and submit report within a month ISLAMABAD: The Supreme Court (SC) on Wednesday declared the 2003 multimillion liquefied petroleum gas (LPG) quota agreement between the Sui Southern Gas Pipeline Limi...

  valuables worth Rs 2.5 mn burnt to ashes

LAHORE: Cash and other valuables worth Rs 2.5 million reduced to ashes when fire broke out in a three storey house at Sootar Mandi Lohari Gate area on Thursday. On receiving information vehicles of fire brigade reached on the spot and controll...

  KSE cumulates a hefty 355 points on institutional support

KARACHI: Boosted by institutional buying Karachi Stock Exchange (KSE) closed higher on Thursday strengthening by a sizable 355.31 points to reach above 24,800-level.   The benchmark KSE-100 Index gained 1.45 percent.   The Fauji Cement Ltd rose...

  PM discretionary funds to parliamentarians ‘illegal’: SC

ISLAMABAD: The Supreme Court has declared Thursday the allocation of funds to parliamentarians at the sole discretion of the prime minister as illegal and unconstitutional and maintained that the government is bound to establish procedure criteria...

  Oil prices mixed amid Middle East oversupply concerns

SINGAPORE: Oil prices were mixed in Asian trade Thursday as dealers worried about an oversupply in Middle Eastern crude, which could push down prices along with increasing US shale oil production. New York’s main contract, West Texas Intermediate ...

  SC issues verdict in developmental projects case

ISLAMABAD: The Supreme Court of Pakistan (SC) has ordered action against those involved in the developmental projects initiated by former prime minister Raja Pervaiz Ashraf on Thursday, media reported.   Developmental projects worth Rs 52 billion...

  ANF seizes heroin worth Rs35 million

ISLAMABAD: Anti Narcotics Force (ANF) Karachi during routing checking at Qasim International Container Terminal seized a container carrying about 375 Kgs of fine quality heroin. The container was loaded with 448 Large Size Cartons (each carton ...

  Dollar steady in Asia ahead of US jobs data

TOKYO: The dollar held steady in Asia Thursday ahead of key US jobs data seen as crucial for the timing of the Federal Reserve’s stimulus pullback, while the euro treaded water as European central bankers meet later in the day. The greenback b...

  Asian markets slip on Fed stimulus talk

HONG KONG: Asian markets fell on Thursday as a batch of strong US data fuelled expectations the Federal Reserve will start to wind down its stimulus measures as early as this month.   Japanese shares were sold for a second straight session on the...

  SC to announce decision on Raja Pervez Ashraf uplift schemes

ISLAMABAD: The Supreme Court of Pakistan will announce decision about the cases pertaining to uplift schemes initiated by former prime minister Raja Pervez Ashraf on Thursday.   The Pervez Ashraf government had approved Rs52 billion uplift scheme...

  Senators raise voice against inflation

ISLAMABAD: With the cost of several food items reaching all-time highs, Senators raised their voices against inflation in Pakistan.   During the Senate session on Wednesday, PPP Senator Raza Rabbani said there was an inflation tornado in the coun...

  ACC issues arrest warrants for Sindh CM’s daughter

KARACHI: An anti-corruption court (ACC) has issued arrest warrants for Naheed Shah, daughter of Sindh Chief Minister Syed Qaim Ali Shah, media reported Wednesday.   According to the report, the warrants for Naheed Shah have been issued for defyin...

  Oil extends gains as traders’ eye new US pipeline

SINGAPORE: Oil prices extended gains in Asian trade Wednesday on news that part of a major US pipeline could open next month and ease oversupplied inventories, analysts said. New York’s main contract, West Texas Intermediate for January deliver...

  Profit taking pulls KSE-100 Index 143 points down

KARACHI: Profit taking at Karachi Stock Exchange (KSE) on Wednesday took away some gains from previous sessions, as the benchmark KSE 100-share Index slipped 143 points to close at 24,445.   The trade volume stood strong at 200 million shares wit...

  Russian Co. to convert 2 power plants fired by furnace oil to coal

KARACHI: Russian Company JSC Technopromexport will convert two power plants of 1400 megawatt fired by furnace oil to coal, media reported.   Sources said that a memorandum of understanding (MOU) would be signed next week with Russian company in th...

  LPG quota case decision upholds law, constitution: Asif

ISLAMABAD: Federal Minister for water and power, Khawaja Asif Wednesday hailing the Supreme Court verdict on LPG quota case said it upheld the law and constitution and added that those benefited from the scam would be taken to task, media reported...


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Feature / Analysis

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