Economy

  Dollar up vs. rupee at Rs107.70 in open market

KARACHI: The dollar surged to Rs107.70 in the open market on Tuesday here, media reported.   Forex market dealers said that the value of dollar increased by paisa 15 with the surge in demand for dollar and it was seen during the trading pegged at...

  Fueled by oil stocks KSE makes a strong comeback

KARACHI: Karachi Stock Exchange made huge comeback on Tuesday paring not only Monday’s losses but also piling up new gains.   The benchmark KSE-100 went 1.84 percent, or 412.87 points, to finish at 22,790.70 mark.   The credit of today’s rally go...

  President FPCCI Chairs D-8 FCCI meeting in Tehran

D-8 to emerge as one of world’s most promising trade blocs: Zubair Ahmed Malik Tehran: The President FPCCI and President D-8 Federation of Chambers of Commerce and Industry (D-8 FCCI), Zubair Ahmed Malik chaired the first committee meeting on ...

  Oil prices up in Asian trade

SINGAPORE: Oil prices edged higher in quiet Asian trade Tuesday as dealers hunted bargains while keeping an eye on a supply glut in the United States, analysts said. New York's main contract West Texas Intermediate (WTI) for December delivery ...

  Asian shares mixed as US data in focus

HONG KONG: Asian markets were mixed on Tuesday as traders await the release of growth and jobs data out of the United States, while Tokyo was hit by a stronger yen and a slump by car giant Nissan.   The euro saw further selling pressure as invest...

  Tomato selling at over Rs200 per kilo in Hyderabad

HYDERABAD: The price per kilo of tomato has shot up to over Rs200 in the local retail market, while a pack of 16 kilo selling at Rs2500 in the wholesale market here, media reported on Tuesday.   Citizens complained the vegetable vendors in the ci...

  KSE falls fearing more Pak-US tensions after TTP leader slaying

KARACHI: Fearing a spike in Pakistan-US tensions following Tehreek-e-Taliban Pakistan leader’s killing in a drone strike, wary traders opted to offload and as a result Karachi Stock Exchange (KSE) went down on Monday.   The benchmark KSE-100 Ind...

  US fails to control poppy cultivation in Afghanistan

KABUL: US has failed to control poppy cultivation in Afghanistan, as its production further went up during the current year, while a comprehensive report of the United Nations on this alarming situation expected to be released soon, media reported...

  Oil prices up in Asian trade

SINGAPORE: Oil prices rose in Asia Monday as dealers await US economic data this week that could provide a clue to when the Federal Reserve will start winding down its stimulus programme. New York's main contract West Texas Intermediate (WTI) f...

  Warming report sees violent, sicker, poorer future

WASHINGTON: Starvation, poverty, flooding, heat waves, droughts, war and disease already lead to human tragedies. They're likely to worsen as the world warms from man-made climate change, a leaked draft of an international scientific report foreca...

  Sindh CNG stations closed for 24 hours

KARACHI: Compressed Natural Gas (CNG) stations across Sindh have been closed for the next 24 hours effective Saturday 8.00 A.M. to Sunday 8.00 A.M., media reported. According to Sui Southern Gas Company (SSGC) load management plan, the CNG statio...

  Pakistan forex reserves up at $9.497 billion

KARACHI: Pakistan's foreign exchange reserves increased to $9.497 billion in the week ending October 25 as compared to $9.230 billion in the previous week, the State Bank of Pakistan (SBP) said in a statement issued here.   A breakup is given be...

  FBR to lay hands on ‘big fish’

ISLAMABAD: Federal Board of Revenue (FBR) has decided to bring all the ‘big fish’ into the tax net by targeting members of the costly clubs and those owning luxury vehicles, media reported.   Sources said that one thousand notices would be sent e...

  Fire engulfs Karachi shop

KARACHI: A second degree fire engulfed a shop located near the Hassan Square here on Sunday.   Fire tenders and rescue workers rushed to the area and vacated the residential flats in the building.   Sources told media that a hand-grenade attack w...

  Apple's iPad Air takes flight

TOKYO: For one Japanese man, being at the front of a Tokyo queue as the new iPad debuted Friday was his way of saying "thank you" to Apple after a year that turned his life around.   Takaaki Sasaki, who designed an app that became a hit in Japan,...

  Indonesians strike nationwide for pay hike

JAKARTA: Tens of thousands of workers went on strike across Indonesia Friday for a second straight day, calling for huge salary hikes as Southeast Asia's top economy enjoys a prolonged boom.   But turnout was lower than the millions unions had pr...

  World's 'largest' orange diamond to be auctioned in Geneva

GENEVA: The largest orange diamond to come to auction will go on sale next week in Switzerland, with the rare gem expected to fetch a record $17-20 million (14-16 million euros), auctioneers said Friday.   "It really is an exceptional gemstone, a...

  SAIL-led consortium to renegotiate $10.8 billion Afghan iron ore deal

According to reports, a consortium of the Indian companies which were awarded the extraction of iron ore in Afghanistan are seeking to renegotiate the terms of the contract with the government of Afghanistan. A senior official in the ministry ...

  Bob Dylan guitar under New York hammer for $500,000

NEW YORK CITY: Bob Dylan's electric guitar, on which he performed a career-defining set at the Newport Folk Festival in 1965, is going under the hammer in New York for $500,000.   Christie's will auction off the 1964 Fender Stratocaster guitar on...

  Google releases 1st phone powered by 'Kit Kat'

SAN FRANCISCO: Google is selling a new Android smartphone that it hopes will become more like a clairvoyant friend than a piece of hardware. The Nexus 5 phone unveiled Thursday is the first device to run on Kit Kat, the latest version of Google...


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Feature / Analysis

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Opinion

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