Economy

  Oil prices mixed in Asian trade

SINGAPORE: Oil prices were mixed in Asian trade Wednesday after climbing in New York as concerns over a US-led military strike on Syria returned. New York's main contract, West Texas Intermediate for delivery in October, eased 26 cents to $108...

  Pakistani surgeon opens hospital in Texas

DALLAS: With the ownership of a Pakistani surgeon and his son, at 96 million dollar cost, Texas general hospital in Grand Prairie has been inaugurated and opened for public.   The hospital owner Texas prominent surgeon Dr. Hassan Hashmi & his so...

  Microsoft buys Nokia phones to fight Apple, Google

HELSINKI: Mobile phone pioneer Nokia on Tuesday announced the sale of its sinking handset business to software giant Microsoft, which is fighting to catch up with rivals Apple and Google in the fierce smartphone market.   Nokia, the world's lead...

  Karachi’s black economy generates Rs830 million every day

KARACHI: As the port city continues to be plagued by violence, Geo News program ‘Capital Talk’ unveiled facts about the city’s black economy.   According to details revealed during Tuesday night’s Capital Talk, Karachi’s black economy generates Rs...

  Oil prices down in Asian trade

SINGAPORE: Oil prices eased in Asian trade Tuesday on receding fears of an immediate US intervention in Syria but upbeat global economic data capped losses, analysts said. New York's main contract, West Texas Intermediate for delivery in Octobe...

  Asian stocks climb further after Europe, China data

HONG KONG: Asian shares Tuesday extended their gains and the dollar pushed back towards 100 yen after strong manufacturing data in China and Europe pointed to an uptick in the global economy.   Stocks in emerging economies also enjoyed small rise...

  Dollar higher against yen as risk appetite grows

TOKYO: The dollar rose against the safe-haven yen in Asia on Tuesday as risk-taking sentiment increased on fading concern of an imminent US military strike on Syria and improved economic data.   The dollar rose to 99.44 yen in afternoon Asian tra...

  KSE partially recovers on IMF loan approval hopes

KARACHI: Drawing strength from expectations that International Monetary Fund (IMF) will approve a loan for Pakistan on Wednesday, Karachi Stock Exchange (KSE) closed in the green zone on Tuesday.   The benchmark 100-share index gained 0.39 percen...

  ANF seizes 1.1kg heroin at Peshawar Airport

PESHAWAR: Anti Narcotics Force (ANF) Monday recovered 1.1 kilograms heroin at Peshawar Airport. According to Press release, ANF has recovered 1.1kgs heroin from a passenger, Iqbal, resident of Tehsil Tangi, District Charsadda, at Peshawar Airpo...

  Quetta: Burglars sweep trader's house clean

QUETTA: Unknown burglars looted a house of a Hindu trader in Mehmood Abad near Hub area of Lasbella district. Police informed here on Monday that some unidentified thieves broke into the house of Lal Chand and took away cash, gold jewellery and ...

  Karachi traders announce shutter-down strike on Wednesday

KARACHI: Anjuman-e-Tajiran Karachi has announced to observe a shutter-down strike on Wednesday, the day Prime Minister of Pakistan, Mian Nawaz Sharif visits the crime-torn city, media reported.   According to a statement issued here by the trade ...

  IESCO issues power suspension schedule

ISLAMABAD: The Islamabad Electric Supply Company (IESCO) on Monday issued power suspension schedule for various areas of its region due to necessary maintenance and routine development work.   According to the IESCO Spokesman, the power supply ...

  Microsoft buys Nokia phone unit to fight Apple, Google

HELSINKI: Nokia said on Tuesday it was selling its beleaguered mobile phone unit to Microsoft for 5.44 billion euros ($7.17 billion) as the US tech giant tries to fight back against rivals Apple and Google. Investors cheered the news, as Nokia'...

  Shutter down strike by tandoor owners in Peshawar

PESHAWAR: Tandoor owners in a bid to get their demand accepted observing a shutter down strike in the provincial capital city on Tuesday here, media reported.   While a few tandoors clandestinely operating fleecing the thronging customers by cha...

  India's parliament passes cheap food bill for 800mn people

NEW DELHI: India's upper house of parliament on Monday approved a $20 billion scheme which aims to provide cheap grain to 800 million people, backing an anti-malnutrition drive that investors fear will mean missing the fiscal deficit target.   T...

  Karachi stock market crashes

KARACHI: Karachi Stock Exchange (KSE) on Monday, the first day of the week witnessed a huge crash on some rumours with the ‘very go’ of the trading this morning, media reported. The investors were seen selling in panic their overbought shares, ...

  Dollar rises amid speculation about US economy

TOKYO: The dollar rose against the yen on Monday as trading remained cautious amid speculation about the timing of an end to the massive US stimulus programme.   The US decision to hold off from a military attack on Syria also helped risk appeti...

  Traders call for deweaponization of Karachi

KARACHI: All Karachi Tajir Ittehad Monday demanded of the government to deweaponize the megapolis, media reported. The trade body further called for the elimination of dozens of no-go areas in the city. The trade body also urged the authoriti...

  Asian stocks mostly boosted by strong China data

HONG KONG: Asian shares mostly rallied on Monday after strong manufacturing data indicated a slowdown in China may be coming to an end, while the dollar climbed back towards the 100 yen mark.   Easing concerns about a possible military strike on ...

  Selling pressure knocks 436 points off Karachi bourse

KARACHI: An unexpected selling pressure in the heavyweights knocked 436 points off Karachi Stock Exchange (KSE) on Monday.   The benchmark 100-share index took a hit of 1.97 percent, or 436.17 points, to finish lower at 21,724.68.   Analysts sai...


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Feature / Analysis

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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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Opinion

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    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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