Economy

  Pakistan offers to export defence equipments to Britain

RAWALPINDI: Pakistan has offered to export defence equipments to Britain, saying that the country has a great potential in the field of defence production.   The offer was put by Minister of Defence Production Rana Tanveer Hussain in a meeting w...

  Fall in Pakistan investment cause of concern: IMF

WASHINGTON: International Monetary Fund (IMF) has expressed its concern over the decline in investment in Pakistan bringing the country’s foreign exchange reserves under pressure.   IMF in its report released here said that Pakistan’s growth rate...

  Dollar rises in Asia on upbeat US data

TOKYO: The dollar rose in Asia Tuesday as upbeat US jobs data fuelled speculation of a winding down of the Fed's monetary easing programme.   The greenback bought 99.56 yen in Tokyo afternoon trade, up from 99.20 yen in New York Monday afternoon. ...

  KSE down ahead of monetary policy announcement

KARACHI: Equities at Karachi Stock Exchange (KSE) finished lower on Tuesday, with the benchmark KSE 100-share index losing 78.62 points to 23,302.46.   Traders preferred to off load their positions ahead of the announcement of monetary policy We...

  Aid pouring in from across the world for battered Philippines

MANILA: The United Nations will Tuesday launch an urgent aid appeal expected to seek hundreds of millions of dollars to help the Philippines recover from the ravages of Typhoon Haiyan.   UN humanitarian chief Valerie Amos was headed for the Philip...

  Oil prices lower in Asian trade

SINGAPORE: Oil prices edged lower in Asian trade Tuesday as dealers await fresh developments in the bid by world powers to reach a landmark deal to curb Iran's nuclear programme, analysts said. New York's main contract, West Texas Intermediate ...

  Heroin capsules recovered from Greece bound passenger

ISLAMABAD: Heroin capsules were recovered from a Greece bound passenger on Tuesday here, media reported. Airport sources confirming the report said that 40 capsules full of heroin were recovered from a Greece bound passenger, while the accused ...

  Asian shares mixed after positive US, China data

HONG KONG: Asian shares were mixed Monday following positive economic data from the United States and China as the Communist Party meets to plot the course for the world's second largest economy over the next decade.   Trading sentiment was buoy...

  KSE witnesses modest gains

KARACHI: Stock prices at Karachi Stock Exchange (KSE) closed slightly above on Monday, as the benchmark KSE 100-share index went up by 13.93 points to peg at 23,381.08.   The market closed in the positive territory in the wake of satisfaction ex...

  Goods transporters announce to end strike

KARACHI: The goods transporters have ended their strike after the government announced to accept their demands.   Shahid Assad, a spokesman for the Federal Board of Revenue, told Geo News that the government would now charge Rs2 per KG distributio...

  Pakistan seeks trade coop, JVs with Kuwait: FPCCI‏

Pak-Kuwait agrees to boost economic cooperation Pakistan seeks enhanced trade cooperation and joint ventures with Kuwait: FPCCI Islamabad: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Monday asked Kuwaiti government an...

  Developed, developing nations facing interlinked challenges: Aziz

NEW DELHI: Advisor on Foreign Affairs and National Security Sartaj Aziz has said both the developed countries and the developing economies are facing interlinked challenges and opportunities.   Addressing the first plenary session of Asia-Europe ...

  Dollar mixed in Asia after US jobs data

TOKYO: The dollar was mixed in Asia Monday after the unit surged on the back of upbeat US jobs data which stoked speculation of an early pullback on the Fed's monetary easing.   The greenback bought 99.01 yen in Tokyo morning trade, from 99.04 ye...

  Oil rises after Iran nuclear talks stall

SINGAPORE: Oil prices rose in Asian trade Monday after gruelling meetings in Geneva aimed at convincing Iran to halt its disputed nuclear programme failed to result in an agreement, analysts said.   New York's main contract West Texas Intermediat...

  Thousands protest austerity in Greece

ATHENS: Thousands of activists from Greece's main left-wing opposition party Syriza demonstrated against austerity measures on Sunday in Athens as the government faced a no-confidence vote.   Police estimated the crowd at 2,000 protesters, while ...

  Transporters’ strike enters fifth day

KARACHI: The countrywide transporters’ strike which entered fifth today (Sunday) has badly affected trade activities, especially import and export.   According to traders, the strike has inflicted losses up to 200 million dollars and fruits and ...

  Goods transport strike continues, hits trade activities

KARACHI: Trade activities of the country are suffering colossal financial losses as the strike called by the goods transporters entered fourth day on Saturday, resulting in piling up of export shipments and outbound cargo at Karachi port and Port ...

  Iran ready to revise gas price for Pakistan

ISLAMABAD: Iran's state-owned gas company has said it is ready to revise the price of the commodity for Pakistan.   National Iranian Gas Company Managing Director Hamid Raza said the gas price has not yet been fixed and can be changed.   A few da...

  NTDC spokesman claims end of load shedding for residential consumers

ISLAMABAD: As winter sets in, the Ministry of Water and Power has claimed that residential consumers in Pakistan will not have to deal with the menace of load shedding.   According to the NTDC spokesman, electricity demand in Pakistan is current...

  Thief gets away with 140,000 pounds of nuts

ESCALON: Authorities in California are trying to crack the case of a nut thief who made off with 140,000 pounds of walnuts. The theft, estimated at nearly $400,000, occurred in the small Central Valley town of Escalon. Investigators say it wa...


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Feature / Analysis

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Opinion

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