Economy

  Tokyo stocks flat at break

TOKYO: Tokyo stocks were flat Friday morning on profit-taking after the Nikkei stormed to an almost six-year high the previous day.   The benchmark index slipped 0.07 percent, or 10.61 points, to 15,716.51 by the break, while the Topix index of a...

  PM sets up Business Advisory Council

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif Thursday announced to establish PM Business Advisory Council besides unveiling a comprehensive reforms package to encourage business and investment opportunities in the country.   Addressing a gath...

  Yen tumbles against dollar, euro in Asia

TOKYO: The yen slumped against the euro and dollar in Asia Friday as receding fears over eurozone deflation and buoyant sentiment steered investors into higher-yielding, riskier currencies.   The euro rose to a five-year high of 139.65 yen in Tok...

  Oil flat in Asian trade

SINGAPORE: Oil was flat in thin Asian trade Friday after the Thanksgiving holiday in the United States, with investors increasingly concerned over growing US crude stockpiles, analysts said. New Yorks main contract, West Texas Intermediate (WTI...

  Dollar mixed in Asia after BoJ easing rally

TOKYO: The dollar was mixed in Asia Thursday after surging to a six-month high against the yen on Bank of Japan (BoJ) easing speculation, while dealers turn their attention to key eurozone inflation data. The greenback bought 102.06 yen in Tok...

  Ex-DG PTA Imran jailed for seven years in corruption reference

ISLAMABAD: The Accountability Court on Thursday awarded seven years sentence and Rs70 million penalty to former Director General Pakistan Telecommunication Authority (PTA) Imran Ahmed Zubair in corruption reference, media reported.   The court i...

  Israel to privatise famed Uzi submachine guns maker

JERUSALEM: Israel plans to privatise loss-making Israel Military Industries Ltd (IMI), manufacturer of the legendary Uzi sub machinegun, Defence Minister Moshe Yaalon said on Wednesday.   "I am pleased at the green light for the privatisation of ...

  Oil prices fall to lowest level in 6 months

NEW YORK: Oil prices are falling to their lowest level in nearly six months after the government reported the 10th straight weekly increase in U.S. crude supplies.   Benchmark U.S. crude for January delivery fell $1.38, or 1.5 percent, to close a...

  Domestic sector to get uninterrupted gas supply in winter: Abbasi

ISLAMABAD: The Compressed Natural Gas (CNG) besides other sectors will witness suspension of gas supply in January and February as part of efforts to provide uninterrupted gas supply to domestic sector in winter season.   In December the gas sup...

  ADB provides $430 million for BISP

ISLAMABAD: The Asian Development Bank (ADB) and the Government of Pakistan Wednesday signed a $430 million agreement to strengthen Pakistan's Benazir Income Support Programme (BISP). Werner E. Liepach, ADB's Country Director for Pakistan and Ha...

  Dubai chosen to host 2020 World Expo

PARIS: Dubai will host the 2020 World Expo, becoming the first Middle Eastern city to organize the event in its more than 150-year history.   The Gulf emirate bested competing bids from Izmir, Turkey, Sao Paulo, Brazil and Yekaterinburg, Russia a...

  Pakistan pays 24th installment $396m under IMF/SBA facility: SBP

ISLAMABAD: Pakistan on Tuesday successfully paid the 24th installment under IMF/SBA facility amounting to SDR 258 million equivalent $396m. A SBP spokesperson in a statement said that with repayment of current installment, Pakistan to-date has ...

  KESC ends load shedding at water pumping stations

KARACHI: Karachi Electric Supply Company (KESC) has immediately stopped conducting load shedding at water pumping stations of Karachi Water & Sewerage Board (KWSB) in compliance with Sindh High Courts interim orders passed on Tuesday. In a sta...

  Dollar edges higher in Asia after US data fall

TOKYO: The dollar edged up in Asia Wednesday after a sell-off in New York on disappointing US consumer confidence data, while markets shrugged off rising regional tensions over Chinas expanded air defence zone.   The greenback bought 101.38 yen ...

  Tokyo: Stocks down 0.40% by break

TOKYO: Tokyo stocks were down 0.40 per cent Wednesday morning despite advances on Wall Street, with investors locking in profits following recent highs and as the dollar's rally on the yen eased. The benchmark Nikkei 225 index, which rose to a six...

  Oil prices mixed

SINGAPORE: Oil prices were mixed in Asian trade Wednesday as dealers anticipated a further increase in US crude stockpiles, indicating weak demand in the worlds top crude consumer. New Yorks main contract, West Texas Intermediate for January de...

  Psalm book fetches record $14.2M at NY auction

NEW YORK: A tiny book of psalms from 1640, believed to be the first book printed in what is now the United States, sold for just under $14.2 million on Tuesday, setting an auction record for a printed book.   The Bay Psalm Book, which was auction...

  NWA: 6 killed in land dispute clash

MIRANSHAH: Six persons were killed in a clash between the two groups over a land dispute at Spinwam in the North Waziristan Agency (NWA) on Wednesday here, media reported. The two groups claiming the ownership of a piece of land came clashing ...

  Dollar weakens in Asia after tepid US home sales data

TOKYO: The dollars strong rally against the yen ran out of steam in Asia Tuesday after fresh figures showed pending US home sales slowed for the fifth straight month in October. The greenback bought 101.46 yen in Tokyo afternoon trade, down fro...

  Stocks take a dip, as KSE sheds 179 points

KARACHI: Stocks ended lower at Karachi Stock Exchange (KSE) on Tuesday, as the benchmark KSE 100-share index registered a decline of 179 points to close at 23,798.   Investors shed their holdings in the wake of depreciating Pak rupee and massive ...


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Feature / Analysis

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