Economy

  Oil prices firm on Iraq tensions

SINGAPORE: Oil prices edged higher in Asia Monday on continued violence in Iraq, but gains were capped as the risk premium associated with the crisis in the key crude producer is already factored in, analysts said. US benchmark West Texas Intermediat...

  Son of former Philippines leader arrested in graft scandal

MANILA: Philippine police detained Monday the senator son of former president Joseph Estrada, the second high-profile official arrested within days over a massive corruption scandal. Senator Jose "Jinggoy" Estrada, 51, gave himself up to police after...

  $960 million approved by US Senate panel for Pakistan

WASHINGTON: A powerful congressional panel has approved nearly $960 million in US aid for Pakistan in the 2015 fiscal year that will target unemployment, illiteracy, and disenfranchisement among the most impoverished individuals and communities. The ...

  National Assembly approves Finance Bill 2014-15

ISLAMABAD: The National Assembly on Saturday approved the Finance Bill for fiscal year 2014-15 with total outlay of Rs 4.3 trillion, accepting some amendments moved by the government and rejecting all ones from the opposition benches. Following nine-...

  Australia offers asylum-seekers $10k to return home: report

SYDNEY: Australia is offering asylum-seekers in its Pacific immigration camps up to $10,000 (US$9,400) if they voluntarily return to their home country, a report said Saturday, prompting outrage from refugee campaigners. Fairfax Media reported that t...

  PM Nawaz inaugurates Laptop Scheme in Islamabad

ISLAMABAD: Prime Minister Mian Nawaz Sharif has formally launched the Laptop Scheme under Prime Minister's Youth Programme in Islamabad on Friday, media reported. The first ever national level scheme will be supervised by Maryam Nawaz Sharif who is a...

  Rawalpindi: Woman in a stampede dies of electrocution

RAWALPINDI: A woman died of electrocution and three others got injured following a stampede during the distribution of ration on Friday morning here, media reported. Sources said that the stampede occurred during the distribution of ration on the Har...

  Dollar edges down in Asia

TOKYO: The dollar edged down in Asia Friday, extending losses in New York that were driven by dovish comments from the head of the US Federal Reserve that indicated interest rates will not go up until next year. In afternoon Tokyo trade, the dollar b...

  Oil mixed in Asia

SINGAPORE: Oil prices were mixed in Asia Friday but retained support near a nine-month peak as dealers track the unfolding sectarian conflict in Iraq fearing it could cause a major supply disruption. Brent crude for August eased 15 cents to $114.91 i...

  Rs215bn Balochistan budget for 2014-15 presented

QUETTA: The coalition government of Balochistan presented Rs215.713 billion deficit budget for financial year 2014-15 here in the assembly session on Thursday evening. Speaker Mir Jan Muhammad Jamali presided over the budget session. Advisor to Chief...

  Dollar flat in Asia after Fed meeting

TOKYO: The dollar hovered in a narrow range in Asia on Thursday, bookended by dip-buying and selling pressure after the US Federal Reserve kept its easing policy unchanged. The greenback was at 101.90 yen in Tokyo, nearly flat from 101.91 yen in New ...

  Tokyo shares open higher after US rally following FOMC

TOKYO: Tokyo shares opened 0.16 percent higher Thursday following rallies overnight on Wall Street, after the Federal Reserve kept its ultra-low interest rate policy. The Nikkei index at the Tokyo Stock Exchange opened up 24.55 points at 15,140.35.Th...

  Oil prices up with Iraq violence in focus

SINGAPORE: Oil prices rose in Asian trade Thursday with escalating violence in Iraq sharply in focus as militants attacked the major crude producer´s biggest refinery and seized more territory. US benchmark West Texas Intermediate (WTI) for July rose...

  Power supply restored in Karachi after major breakdown

KARACHI: The power supply to most parts of the city was restored after three hours following a rare electricity breakdown. The port city plunged into darkness a little after midnight on Thursday owing to multiple grid stations of the K-Electric (prev...

  Asia shares mostly lower, weaker yen boosts Tokyo

HONG KONG: Asian markets were mostly lower on Wednesday as tensions in Iraq dampened buying sentiment and investors await the outcome of the US Federal Reserve´s policy meeting later in the day. The dollar extended gains against the yen after climbin...

  Oil prices mixed

SINGAPORE: Oil prices were mixed in Asia Wednesday as dealers await the US Federal Reserve´s latest policy statement while also tracking ongoing violence in crude producer Iraq. US benchmark West Texas Intermediate for July delivery gained 38 cents t...

  Rumpus in Sindh Assembly on corruption allegations

KARACHI: Speaker Agha Siraj Durani has to abruptly adjourn the house on Wednesday when Sindh Assembly witnessed a rumpus on corruption charges. The sitting was ended amid hullabaloo when treasury members strongly reacted to the remarks of PML-N membe...

  Gilani appears in anti-corruption court in TDAP cases

KARACHI: Former prime minister Yousuf Raza Gilani on Tuesday appeared in the Federal Anti-Corruption Court in the fraud cases pertaining to Trade Development Authority of Pakistan (TDAP), media reported. A large number of Pakistan People’s Party (PPP...

  Oil prices down in Asian trade

SINGAPORE: Oil prices eased in Asian trade Tuesday, but losses were limited as investors fret over a potential supply disruption due to the worsening sectarian violence in key crude producer Iraq. US benchmark West Texas Intermediate for July deliver...

  Dollar firms in Asia on Japan pension overhaul plan

TOKYO: The dollar and euro rose against the yen in Asia on Tuesday as investors bet Japan´s public pension fund, the world´s biggest, will start to shift some of its holdings into foreign assets. In Tokyo, the greenback rose to 102.02 yen from 101.84...


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Feature / Analysis

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Opinion

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