Economy

  Modi tries to get India’s railways back on track

NEW DELHI: India´s new government will next week roll out plans to overhaul its sprawling rail network, dubbed the "lifeline of the nation", which analysts say needs hundreds of billions of dollars of investment. Two days before Prime Minister Narend...

  Sarkozy charged, backers allege witch-hunt

PARIS: France's former president Nicolas Sarkozy has been charged with corruption and influence peddling, French prosecutors said Wednesday, a dramatic move in a criminal probe that could wreck his hopes of a political comeback. The decision came aft...

  15 killed in Yemen tribal feud over ‘desert oil’

ADEN: Clashes between two Yemeni tribes over who owns a piece of land in the southeast believed to be rich in oil has left 15 people dead, tribal sources said Wednesday. Several others were wounded in firefights that erupted Tuesday between Al-Butahi...

  Ramzan gift for people: CNG prices jacked up

ISLAMABAD: Government has raised the prices of Compressed Natural Gas (CNG), mounting burden in the holy month of Ramzan on the people already battered by high rate of inflation. According to Chairman Oil and Gas Regulatory Authority (OGRA) Saeed Ahm...

  Sadqa-e-Fitr fixed at Rs.100 per head

ISLAMABAD: The minimum amount of sadqa-e-fitr or fitrana has been fixed at Rs 100 per head this year, which is paid to the poor and the needy before Eidul Fitr, said Central Ruet-e-Hilal Committee Chairman, Mufti Muneebur Rehman. Mufti Muneebur Rahma...

  Sarkozy detained for questioning in French graft probe: judicial source

PARIS: Nicolas Sarkozy was on Tuesday detained for questioning in a widening corruption probe, a judicial source told AFP, in an unprecedented move against a former French president. Anti-corruption investigators can hold Sarkozy for questioning for ...

  Oil prices rise on weak dollar

SINGAPORE: Oil prices rose in Asia on Tuesday as dealers made the most of a weakening dollar while keeping an eye on continuing fighting in Iraq, analysts said. US benchmark West Texas Intermediate for August delivery rose 23 cents to $105.60 while B...

  Tokyo stocks marginally lower in opening trade

TOKYO: Tokyo stocks were slightly lower in opening trade on Tuesday with the yen remaining strong and the Bank of Japan´s business sentiment survey showing the first downturn in six quarters. The Nikkei 225 index was down 0.05 percent, or 7.67 points...

  Dollar rises in Asia on upbeat sentiment

TOKYO: The dollar rose in Asia Tuesday as gains in Tokyo stocks boosted sentiment, but lower US bond yields kept the unit under the 102-yen level, analysts said. In Tokyo late morning trade, the greenback climbed to 101.50 yen, up from 101.31 yen in ...

  POL prices to remain unchanges for one month

ISLAMABAD: The petroleum prices will remain unchanged because Prime Minister Nawaz Sharif has rejected the proposal moved by Oil and Gas Regulatory Authority (OGRA) seeking to jack up the POL prices. According to the spokesman of PM Secretariat, the ...

  Asian shares mixed ahead of data releases

HONG KONG: Asia´s markets were mixed Monday despite a positive lead from Wall Street, as traders await the release of key economic data this week including figures on global manufacturing and US jobs. Tokyo eased 0.16 percent in early trading, Hong K...

  Oil prices down in Asian trade

SINGAPORE: Oil prices eased in Asia Monday on softer US demand, but tensions in the Middle East where jihadists have declared an Islamic state straddling Iraq and Syria will likely keep prices high, analysts said. US benchmark West Texas Intermediate...

  Around 30 bodies found in migrant boat: Italian authorities

ROME: About 30 bodies have been found in a migrant boat which was stopped between Sicily and the North African coast, Italian news agencies reported Monday, citing the navy and coastguard. The rescuers made the gruesome discovery when they boarded a ...

  Modi’s war hysteria opens defence industry to foreign investment

Eyes on defence deals, Western powers rush to court India´s Modi NEW DELHI: Western governments are rushing to visit India´s new Prime Minister Narendra Modi, drawn by the prospect of multi-billion-dollar deals as the government prepares to open the ...

  China research study for rail link from Kashgar to Gawadar begins

BEIJING: China has reportedly commissioned a "preliminary research study" to construct an international rail link connecting its province Xinjiang’s border to Pakistan.China has allocated funds for preliminary research on building an international ra...

  IMF approves $555.9m tranche for Pakistan

ISLAMABAD: At a time when political temperature is rising, the IMF executive board in its meeting in Washington DC on Friday approved the fourth tranche of $555.9 million for Pakistan.“It is the success of our economic policies that international fin...

  IMF says Pakistan's macroeconomic conditions improving

WASHINGTON: The International Monetary Fund (IMF) has said Pakistan's macroeconomic conditions are improving as executive directors concluded a review of the country's economic performance. On the occasion of the Executive Board's approval of the 555...

  Dollar eases in Asian trade after Wall Street slip

TOKYO: The dollar edged down against the yen in Asian trade on Friday after uninspiring US data and a slide on Wall Street, dealers said. The greenback was changing hands at 101.52 yen in Tokyo morning trade, down from 101.70 yen in New York Thursday...

  Asia shares mostly slip after weak US lead

HONG KONG: Asian markets were mostly lower Friday following losses on Wall Street fuelled by anaemic US consumer spending, while the dollar and euro extended losses against the yen. Investors were taking a breather ahead of the release next week of k...

  Oil prices ease in Asian trade

SINGAPORE: Oil prices edged lower in Asia Friday following lacklustre US economic data that has fuelled bearish sentiment about demand in the world´s top crude consumer. US benchmark West Texas Intermediate for August delivery was down four cents to ...


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Feature / Analysis

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Opinion

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    Love is a serious problem in our world. There is too much of it. So I ...

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  • National Unity Committee Update

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  • In Afghan election dispute, enter the DC lobbyists

    Afghanistan presidential hopeful Ashraf Ghani is spending nearly $150,...

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