Economy

  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...

  Dollar eases ahead of US jobs data

TOKYO: The dollar eased in Asia on Friday as investors awaited US jobs data that could give clues about the timing of a pull-back of the Fed's huge stimulus drive.   The greenback fetched 99.79 yen in Tokyo midday trade against 100.12 yen in New ...

  Oil prices rise in Asia, eyes on Syria crisis

SINGAPORE: Oil prices inched higher in Asian trade Friday ahead of the release of US jobs figures and on concerns about a possible US-led strike on Syria, analysts said. New York's main contract, West Texas Intermediate for delivery in October...

  Pakistan welcomes IMF $6.7bn loan

ISLAMABAD: Pakistan on Thursday welcomed a $6.7 billion loan from the International Monetary Fund. The IMF executive board authorised a three-year loan, making an initial $540 million available to the Pakistani authorities. The remaining amou...

  Yen steady after Bank of Japan meeting

TOKYO: The yen was steady in Asian trade Thursday after the Bank of Japan's new management team issued its most upbeat assessment yet of the world's third-largest economy, while holding fire on any new easing moves.   The greenback was at 99.70 ...

  Correction-hit KSE gets needed boost from IMF tranche okay

KARACHI: The Karachi Stock Exchange (KSE) finished higher on Thursday with the benchmark 100-Index rising by 2.63 percent, or 575.63 points, to 22,451.46.   Analysts said the buying euphoria was seen after the approval of much-awaited Internation...

  Oil higher in Asian trade as US gains support on Syria

SINGAPORE: Oil prices rose in Asian trade Thursday as US President Barack Obama cleared the first legislative hurdle in his race to win congressional backing for military strikes on Syria.   New York's main contract, West Texas Intermediate for d...


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Feature / Analysis

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    Man-made air pollution in Asia is exacerbating climate change and link...

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    YANGON, Myanmar: The Sule Pagoda Road in downtown Yangon is famous for...

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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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