Economy

  West to pursue oil investments in Russia despite Ukraine crisis.

MOSCOW: Energy chiefs and political titans gather in Moscow this week for a major conference that will highlight the West´s desire to pursue oil investments in Russia despite the Ukraine crisis. With oil prices hitting nine-month peaks on Friday owin...

  Rs404.80 billion Khyber Pakhtunkhwa budget presented

PESHAWAR: The Khyber Pakhtunkhwa government on Saturday presented Rs404.8 billion budget for 2014-15. The provincial Minister for Finance Sirajul Haq presented the budget at KP Assembly amid protest from opposition benches. Below are the salient feat...

  Qaim Ali Shah presents Rs686 billion outlay Sindh budget

KARACHI: Sindh Chief Minister Qaim Ali Shah on Friday presented budget proposals for the fiscal year 2014-15. During his budget speech in the Sindh Assembly, he said that outlay of the budget would be Rs686 billion. The Sindh government has announced...

  Punjab presents budget for fiscal year 2014-2015

LAHORE: Punjab Finance Minister Mujtaba Shujur Rehman on Friday presented budget for 2014-2015 financial year with an outlay of Rs 1033.70 billion amid protest from the opposition benches. Amid uproar, the finance minister proposed 10 percent increas...

  Yen edges down in Asia after BoJ holds fire on easing

TOKYO: The dollar edged up against the yen Friday after the Bank of Japan (BoJ) stood pat on its stimulus programme, partially reversing a sell-off in New York fuelled by fears over the growing crisis in Iraq. In afternoon Tokyo trading, the dollar s...

  Asian shares mostly down, focus on Iraq crisis

HONG KONG: Asian markets mostly fell Friday, following another Wall Street sell-off as oil prices shot up to a nine-month high on concerns about the growing crisis in Iraq. Assets considered safe options in times of uncertainty also benefited, with g...

  Crude prices up as militants close in on Baghdad

SINGAPORE: Crude prices on Friday extended the previous day´s rally to sit at nine-month highs after militants closed in on Iraq´s capital Baghdad, fuelling fears over supplies from the major crude producer. US benchmark West Texas Intermediate advan...

  Sindh cabinet approves 2014-15 budget proposals

KARACHI: The Sindh cabinet has approved the provincial budget proposals for fiscal year 2014-15. The provincial cabinet meeting was chaired by Chief Minister Qaim Ali Shah. The provincial budget has allocated 30 per cent for education. Sindh Educatio...

  Ramazan relief package announced

ISLAMABAD: The relief package has been announced for the holy month of Ramazan and will be applicable from June 23. According to a spokesman for utility stores, there will be 5-10 per cent decrease in the price of over 1,500 items. The price of oil, ...

  Edibles at discounted rates at utility stores from June 28

KARACHI: Food items will be made available at Utility Stores at discounted rates for the holy month of Ramazan from June 28. In order to give relief to the people in the holy month of Ramazan around 1000 items will be made available at Utility Stores...

  Dollar edges up against yen in Asia after US tumble

TOKYO: The dollar inched up against the yen in Asia Thursday after tumbling in New York as the Bank of Japan kicks off a policy meeting and investors look ahead to the release of US data, but geopolitical tensions capped gains. In midday Tokyo tradin...

  Asian shares slip as Wall St records streak ends

HONG KONG: Markets sank in Asian trade Thursday as Wall Street´s record-breaking streak came to an end, while Tokyo was hit by a stronger yen as investors look ahead to a Bank of Japan policy meeting. Tokyo tumbled 1.07 percent with exporters hurt by...

  Oil prices up in Asian trade

SINGAPORE: Oil prices rose in Asia Thursday following a surprisingly bullish US stockpiles report and on rising concerns that turmoil in Iraq will disrupt Middle East supplies. US benchmark West Texas Intermediate for July delivery rose 23 cents to $...

  World Bank cuts global economic forecast for 2014

WASHINGTON: The World Bank downgraded its forecast for the global economy this year, citing a bitter American winter and the political crisis in Ukraine. In an outlook released Tuesday, the bank still expects the world economy to grow faster — 2.8 pe...

  Oil higher in Asian trade as OPEC gathers

SINGAPORE: Oil prices rose in Asia Wednesday ahead of the release of a key indicator of US energy demand and a meeting of the OPEC oil cartel. US benchmark West Texas Intermediate for July delivery was up four cents at $104.39 a barrel in mid-morning...

  Google buys satellite imaging firm for $500 mn

SAN FRANCISCO: Google announced plans Tuesday to buy the satellite group Skybox Imaging for $500 million in a move to improve mapping and other services using geospatial data. "We´ve agreed to acquire Skybox Imaging, and we look forward to welcoming ...

  UK Border Force seizes heroin worth millions

LONDON: Millions of pounds worth of heroin woven into hand-made rugs and carpets was discovered by Border Force officers in a consignment being shipped from Pakistan via Abu Dhabi. Border Force officials became suspicious of the 46-piece consignment ...

  Asia shares mixed, China inflation at four-month high

HONG KONG: Asian markets were mixed on Tuesday as fresh records on Wall Street were offset by profit-taking after recent gains, while Shanghai and Hong Kong brushed off data showing Chinese inflation surging to a four-month high. Tokyo dipped 0.27 pe...

  Oil prices extend gains in Asia

SINGAPORE: Oil prices extended their gains in Asia Tuesday as investors cheered robust economic data from the US, China and Japan, with the breakdown of initial Ukraine-Russia talks to avert a gas cut-off also boosting prices. US benchmark West Texas...

  UBL’s 19.8 pc shares sell-off on cards

KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has given a go ahead to the sell-off of United Bank Limited’s (UBL) 19.8 percent shares held by the government of Pakistan. SECP said the government is holding 240 million scrips of U...


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Feature / Analysis

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Opinion

  • Secret call between Netanyahu, al-Sissi led to Abortive Cease-fire

    Haaretz has learned that the PM spoke to the Egyptian president in a p...

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  • How US and Blair Plotted 'Ceasefire' Scam

    We now have confirmation from the Israeli daily Haaretz of what we sho...

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  • Dodging a Coup in Kabul, For Now

    “If they keep their commitments,” President Barack Obama said on Wedne...

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  • Democracy is about more than elections for Afghanistan

    With John Kerry’s announcement that the two men vying to be the next A...

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