Economy

KSE index surges by 260 points

KARACHI: Karachi Stock Exchange (KSE) welcomed the peaceful settlement resulting in the end of Islamabad D chowk sit-in and went on trading this morning in a jolly good mood. KSE-100 index during the trading Friday morning was seen surged at 16,552 p...

Dollar mixed in Asian trade

TOKYO: The dollar was mixed in Asian trade Friday after encouraging US data on housing and jobs, while the yen weakened ahead of a Bank of Japan meeting widely expected to usher in further easing measures. The greenback bought 89.98 yen in Tokyo midd...

Oil prices down in Asian trade

SINGAPORE: Oil prices fell on profit-taking in Asia on Friday after prices rose sharply in New York on the back of upbeat US employment and housing data. New York's main contract, light sweet crude for delivery in February fell 34 cents to $95.15 a b...

NAB report unsatisfactory: SC

ISLAMAABD: The Supreme Court has summoned the complete record of the investigation pertaining to the Rental Power case and adjourned the hearing till January 23. The Supreme Court declared the report submitted by the National Accountability Bureau (N...

CJ displeased on not presenting records

ISLAMABAD: Chief Justice of Pakistan Iftikhar Muhammad Chaudary has showed his displeasure to Chairman National Accountability Bureau (NAB) over not presenting the record of rental power case to the Supreme Court, media reported on Thursday. A three-...

CNG pumps reopen in Multan for one day

MULTAN: CNG outlets in six district of Multan region reopened for one day after 24-day closure, media reported. More than 206 CNG stations, closed under load management plan, in Khanewal, Vihari, Layyah, Dera Ghazi Khan, Muzzffarghar and Multan for 2...

RPP case: SC orders NAB to present files

ISLAMABAD: The Supreme Court of Pakistan resumed hearing of the rental power plant case where Chief Justice Iftikhar Muhammad Chaudhry questioned that why the court’s orders are not being implemented and ordered the National Accountability Bureau (NA...

Dreamliners Boeing crisis deepens

TOKYO: Aviation regulators on Thursday grounded most of the world's 787 Dreamliner fleet until a fire risk linked to the plane's batteries can been fixed, deepening a crisis for its US manufacturer Boeing. Regulators in Japan, India and Chile followe...

Novice unearths huge gold nugget

MELBOURNE: An amateur prospector has made the find of a lifetime in southern Australia, unearthing a gold nugget weighing about five kilograms (12 pounds) just outside the town of Ballarat, reports said Thursday. The Y-shaped deposit was found with a...

Why RPP order not implemeted, asks CJ

ISLAMABAD: The Supreme Court of Pakistan resumed hearing of the rental power plant case where Chief Justice Iftikhar Muhammad Chaudhry questioned that why the court’s orders are not being implemented, media reported Thursday. A three-member bench hea...

All Boeing Dreamliners grounded in US

WASHINGTON: The Federal Aviation Administration said on Wednesday it would temporarily ground Boeing Co's 787s after a second incident involving battery failures caused one of the Dreamliner passenger jets to make an emergency landing in Japan. The F...

PC titans take notes from tablets

SAN FRANCISCO: Personal computer makers, trying to beat back a tablet mania that's eating into their sales, are making what may be a last-ditch attempt to sway customers by mimicking the competition. Many of the laptops to be unveiled around the worl...

Asia stocks drum up; world worries weigh

TOKYO: Asian shares consolidated on Thursday as better-than-expected U.S. earnings lifted sentiment, but concerns over the global economic outlook and U.S. fiscal problem capped markets. The MSCI's broadest index of Asia-Pacific shares outside Japan ...

Regulator grounds Air India Dreamliners

NEW DELHI: India's aviation regulator said Thursday it had instructed Air India to ground its fleet of Boeing Dreamliners following similar orders from authorities in the United States and Japan. "We have asked Air India to ground all six Dreamliners...

SC meets over PM arrest order today

ISLAMABAD: The National Accountability Bureau (NAB) officials will appear before the Supreme Court of Pakistan today (Thursday) over orders to arrest the prime minister and 15 other people on accusations of graft in 2010. Chief Justice of Pakistan, J...

KSE 100-share index gains 73 points

KARACHI: The Karachi Stock Exchange's (KSE) benchmark 100-share index ended 0.46 percent, or 73.58 points, higher at 16,181.47. The stock market closed higher on Wednesday after a steep fall the previous day. Investors bought cautiously although unce...

Money does not buy happiness in China

SHANGHAI: China's super-rich suffer because of the pressures brought about by their fortunes and are less happy than ordinary millionaires, according to a survey by a leading wealth magazine. "The richer you are, the less happy you are," concluded th...

Stocks tumble as SC orders PM's arrest

KARACHI: The stocks at Karachi Stock Exchange (KSE) took a nosedive Tuesday and fell by three percent after the Supreme Court ordered the arrest of the prime minister over possible corruption charges. The Karachi Stock Exchange's (KSE) benchmark100-s...

Police raids to nab former secretaries

LAHORE: Police have conducted raids to arrest four former secretaries, following orders of the Supreme Court in the Rental Power Projects (RPP) case, media reported Tuesday citing police sources. According to police sources, the raids were carried ou...

SC orders arrest of PM Ashraf

ISLAMABAD: The Supreme Court on Tuesday directed the authorities to arrest Prime Minister Raja Pervez Ashraf, television reports said. The apex court ordered the prime minister’s arrest during a hearing of the rental power projects case. The bench ...

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