Economy

  Pakistan foreign exchange reserves surge by $185 mn

KARACHI: Pakistan’s foreign exchange reserves have registered a gain of 185 million dollars, said a statement of State Bank of Pakistan (SBP) on Thursday. According to SBP, as a result of the above addition the total foreign exchange reserves of the ...

  World stocks fall on Fed interest-rate message

TOKYO: Global stocks fell Thursday after comments from the new head of the Federal Reserve suggested US interest rates could rise sooner than financial markets were anticipating. Janet Yellen´s comments after the Fed´s first policy meeting since she ...

  First insurance payments made for missing plane

BERLIN: Gerrman insurance company Allianz says it has made initial payments in connection with the missing Malaysian Airlines plane. Allianz´s global head of communication Hugo Kidston confirmed Wednesday that the Munich-based insurer and "other co-r...

  Crude prices ease in Asia

SINGAPORE: Oil prices eased in Asian trade Wednesday as investors locked in profits after recent sharp gains while keeping a close eye on international tensions over Russia´s absorption of Ukraine´s Crimea region. New York´s main contract, West Texas...

  Saudia Arabia deports 700 Pakistani prisoners

RIAZ:Saudi Arabia has deported as many as 700 Pakistani prisoners detained in the Kingdom for illegal stay. Pakistani Counsel General Aftab Khokar told journalists that the 700 Pakistani prisoners have been sent back to Karachi in the first phase. At...

  Wireless electricity may soon power cell phones, cars

In a few years, you may never have to worry about manually charging your cell phone or paying for gasoline again. Wireless electricity is not a new concept - it was publicly demonstrated over 100 years ago by Nikola Tesla - but has remained elusive i...

  Tokyo stocks open 1.50 percent higher

TOKYO: Tokyo stocks opened 1.50 percent higher on Tuesday after US shares rose despite international tensions over Crimea. The Nikkei-225 index was up 213.74 points to 14,491.41 at the start. US stocks climbed Monday, brushing off geopolitical concer...

  Asian shares mixed, Crimea vote raises Russia tensions

HONG KONG: Asian markets were mixed Monday on renewed concerns over Ukraine after Crimea voted to break away from the former Soviet republic and join Russia, leading the West to warn of further sanctions against Moscow. Investors remain cautious foll...

  British woman gets life term in Pakistan for drug-smuggling

RAWALPINDI: A court in Pakistan on Tuesday jailed a British mother-of-three for life for attempting to smuggle 63 kilograms (139 pounds) of heroin out of the country. Khadija Shah, who is from the central city of Birmingham and of Pakistani descent, ...

  Dar directs to complete Nawaz Sharif Kidney Hospital by end of May

ISLAMABAD: Finance Minister Ishaq Dar has directed to complete the project of Nawaz Sharif Kidney Hospital (NSKH) in Swat by end of May this year. According to the statement issued by finance ministry, Ishaq Dar, who is also a president of Punjab Hos...

  Child death, population shift seems controled, as aid trickle Thar villages

THARPARKAR: Although belatedly, the aid has started reaching in the remote rural areas also along with the already underway relief work in towns of the drought and famine-hit desert here, media reported on Sunday. Besides, no bad news were received d...

  Lahore: Nurses refuse to end protest

LAHORE: Nurses continued their protest demonstration and sit-in on the sixth consecutive day in front of the Punjab Assembly against government policies. They boycotted duties at OPD and indoor wards as well as emergency wards of all public sector ho...

  SBP keeps key interest rate unchanged at 10pc

ISLAMABAD: State Bank of Pakistan (SBP) kept its key discount rate unchanged at 10 percent on Saturday, SBP spokesman said, following a drop in consumer prices and a rally by the rupee currency. The rupee has appreciated by more than 7 percent since ...

  IMF likely to approve third tranche of $550m for Pakistan

ISLAMABAD: International Monetary Fund (IMF) is likely to approve third tranche of $550 million for Pakistan in its executive board meeting scheduled to be held on March 24. According to IMF official, the executive board would examine the economic pe...

  ‘India ready to lift restrictions on Pakistani textile products’

ISLAMABAD: India is ready to remove restrictions on Pakistani textiles products, a move which will increase Pakistani exports to New Delhi three folds, said Prime Minister Nawaz Sharif’s Assistant Maftah Ismael on Saturday. He said that India will ea...

  ECNEC approves Rawalpindi-Islamabad Metro Bus Project

ISLAMABAD: The Executive Committee of National Economic Council (ECNEC) approved on Saturday the Rawalpindi-Islamabad Metro Bus Project (Islamabad portion) at a total cost of Rs 23.839 billion. According to the decision, the Federal Government would ...

  Nurses dismiss Punjab govt three-year contract offer

LAHORE: Protesting nurses have dismissed Punjab government’s offer of three-year contract to the paramedics, saying that they demand regularization of ad-hoc nurses. Protesting nurses in Lahore continue their sit-in for the fifth consecutive day desp...

  Seven dead as job-seekers stampede at Nigerian stadium

ABUJA: At least seven people were killed and dozens injured in Nigeria´s capital after thousands of panicked job-seekers stampeded during a government recruitment drive in the national stadium on Saturday. Survivors told AFP that thousands had gather...

  Lahore nurses sit-in heading to a major medical staff movement

RAWALPINDI: The nurses of the government hospitals in different cities of the province of Punjab on Saturday morning also stopped working in support of the ad-hoc sit-in nurses, who yesterday were subjected to police baton charge and wanton arrests, ...

  Lahore sit-in nurses want to talk with CM only

LAHORE: Despite yesterday police baton charge and arrest of protesting nurses, they have refused to give up until the acceptance of their demands and continuing their peaceful sit-in that enters fifth day on Saturday here, media reported. The nurses ...


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Feature / Analysis

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