Economy

CDA set to auction 62 plots on Monday

ISLAMABAD: The Capital Development Authority (CDA) is set to auction 62 residential and commercial plots on Monday as preparations for the two-day bidding have been finalized. The auction will be held at Jinnah Convention Centre on March 25 and 26. A...

Asylum-seeker boat carrying 95 capsizes off Australia

SYDNEY: An asylum-seeker boat carrying 95 people capsized off Australia on Monday but officials said all of them had been accounted for, although several were hurt. "All the people have been accounted for, and there are a number who have needed medic...

China authorities 'got $5 trillion' from land: economist

BEIJING: Chinese authorities have earned almost $5 trillion in profit by selling land obtained from farmers to developers over the years, a top economist said according to state media. As the country undergoes a huge urbanisation process rural land c...

Pakistan leather apparel exports at $234mn in 7 months

ISLAMABAD: Exports of leather garments has reached $234 million in first seven months of current fiscal year as $221.5 million during the corresponding period last year, showing 5.6 % increase in revenue. The leather garments exports in 2011-12 came ...

Apple makes renewable energy push with solar, fuel cells

Apple Inc now runs its largest U.S. data center entirely on renewable energy, with a majority of the power generated on-site from solar panels and fuel cells, the company's chief financial officer, Peter Oppenheimer, said on Thursday.The data center...

British Pakistan Foundation launches women's network

LONDON: A new network of professional Pakistani women has been launched to work collectively towards positive change for Pakistan and empowerment of its female population. British Pakistan Foundation's Women's Network (BPFWN) was launched at Pakistan...

'Ten million Indians want to move to US'

WASHINGTON: Some 10 million Indians say they would like to leave their country and move to the US permanently -- the No 1 desired destination for potential migrants around the world, according to a new poll. They are among 138 million people, making ...

Yen firms in Asia on Europe fears

TOKYO: The yen firmed in Asian trade on Friday as investors sought out the safe-haven currency following more weak eurozone data and owing to concerns about the debt crisis gripping Cyprus. The gains were also helped after the Bank of Japan's new gov...

Oil prices mixed in Asia

SINGAPORE: Oil prices were mixed in Asia Friday on fears of a possible default by Cyprus as the European Central Bank said it would halt funding to lenders if a new bailout deal was not found, analysts said. New York's main contract, light sweet crud...

Pakistan stocks tick up to close at 17,964 points

KARACHI: With cementmakers and fertilizer stocks in focus the apex bourse managed to have another somewhat dull but green day on Friday after grabbing a meager near 50 points, media reported. At the end of the rollover day, Karachi Stock Exchange's (...

Pakistan wants to see Tapi pipeline built soon: Zardari

ASHGABAT: Pakistan attaches great importance to the Turkmenistan-Afghanistan-Pakistan-India (Tapi) gas pipeline and wants to see the project built as soon as possible, said President Asif Ali Zardari here on Wednesday. President Zardari was in the T...

Euro steady as markets weigh Cyprus bailout fears

TOKYO: The euro was steady in Asia Thursday as markets eye talks over a Cyprus bailout deal, while yen trade was dominated by speculation over the new Bank of Japan chief's first official press briefing. The dollar fetched 95.94 yen in Tokyo midday t...

Local bourse closes 60 points up

KARACHI: Equities at the local bourse closed higher on Wednesday, led by Engro Corporation, Muslim Commercial Bank and cement companies, traders said. Karachi Stock Exchange's (KSE) benchmark 100-shareindex ended 0.34 percent, or 60.60 points, higher...

Oil prices mixed in Asia

SINGAPORE: Oil prices were mixed in Asian trade Thursday as data showing Chinese manufacturing picking up strongly in March was offset by profit taking, analysts said. New York's main contract, light sweet crude for delivery in May, dropped 18 cents ...

AGP gets contempt notice for withholding judicial allowances

ISLAMABAD: Federal Tax Ombudsman Shoaib Suddle Wednesday had a contempt of court notice served on the Auditor General of Pakistan (AGP) Muhamamd Akhter Buland Rana for withholding judicial allowances, sources said. According to the sources, Muhammad ...

Pakistan capital market closes higher

KARACHI: Pakistan's stock market closed higher on Wednesday, led by Engro Corporation, Muslim Commercial Bank and cement companies, traders said. Karachi Stock Exchange's (KSE) benchmark 100-share index ended 0.34 percent, or 60.60 points, higher at ...

KMC vows to provide facility to foreign investors

KARACHI: Karachi Metropolitan Corporation (KMC) Administrator Syed Hashim Raza Zaidi has been given the study report about favorable environment for safe foreign investment by Director of South Asia Department JICA Japan Shigeki Fokudo which was prep...

PESCO issues power shut down notice

PESHAWAR: The Peshawar Electric Supply Company (PESCO) here on Wednesday issued power shut down notice for provincial capital due to maintenance work. According to PESCO Spokesman here, power supply will remain suspended from132 KV Peshawar Universit...

Kohat police foil smuggling bid

PESHAWAR: Kohat Police Wednesday foiled arms and narcotics smuggling bid from Khyber Pakhtunkhwa to Punjab province and recovered huge quantity of arms and narcotics. The Police spokesman said that Khota Cantt Police recovered 25 AK-47, two rifles, o...

Water and Power ministry forwarded names of defaulters to NAB

ISLAMABAD: Ministry of Water and Power has forwarded the names of defaulters of electricity bills to National Accountability Bureau (NAB) for the collection of dues worth Rs 100 million, media reported. Ministry of Water and Power sources said that a...

«Previous