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  • US dollar eases against the yen

    November 22, 2013 9:08 AM 51

    November 22 2013 at 12:33pm By SAPA Tokyo - The US dollar eased against the yen in Asian afternoon trade Friday after getting a boost on strong US jobs data, which bolstered speculation the Fed will soon begin a rollback of its monetary easing scheme. The greenback bought 101.03 yen in Tokyo after jumping to 101.39 yen earlier in the day, against 101.16 yen in New York Thursday

  • ECC approves framework to regulate NGOs

    November 22, 2013 3:06 AM 29

    ISLAMABAD, Nov 21: The Economic Coordination Committee of the cabinet on Thursday approved a policy framework for regulation of non-governmental organisations (NGOs) receiving foreign contributions to ensure transparent utilisation of funds and streamline their activities. Presided over by Finance Minister Ishaq Dar, the meeting was informed that the Economic

  • Ahsan for focusing on value addition in agriculture

    November 22, 2013 2:04 AM 39

    RAWALPINDI - Federal Minister for Planning and Development Ahsan Iqbal stressed the need for focusing on value addition, as the country has still commodity-based economy and no attention has been given towards value addition. He said this while addressing as chief guest at International Seminar on “Saemaul Undong and Economic Development” to celebrate

  • Jatoi

    November 21, 2013 10:08 PM 40

    RAWALPINDI: National Policy on Privatization with focus on giving impetus to sell state enterprises running in losses would be announced soon, said Federal Minister for Industries and Production Ghumlam Murtaza Jatoi here on Thursday. "All state owned production units especially running in losses would be privatized at a rapid pace - this would be the focal

  • US stocks rise, shrugging off mediocre retail earnings

    November 21, 2013 9:16 PM 43

    NEW YORK CITY: US stocks moved higher in early trade Thursday, shrugging off some disappointing earnings from big retailers. About 40 minutes into trade, the Dow Jones Industrial Average advanced 71.92 points (0.45 percent) to 15,972.74. The broad-based S&P 500 rose 8.28 (0.46 percent) to 1,789.65, while the tech-rich Nasdaq Composite Index tacked on 29.19 (0.74 percent)

  • Karachi strike: Pillion riding banned for 24 hours

    November 21, 2013 8:55 PM 48

    The ban has been impose­d to ensure securi­ty during protes­t demons­tratio­ns in Karach­i on Friday. KARACHI: Sindh government imposed a ban on pillion riding in Karachi on Thursday for 24 hours, Express News reported. Express News correspondent Shah Waliullah said that the measure was taken to ensure security in Karachi on Friday. Religious groups

  • PIA inducts two B737-800 – The Express Tribune

    November 21, 2013 8:41 PM 34

    Pakistan International Airlines (PIA) has inducted two Boeing 737-800 aircraft on wet lease into its fleet, giving its capacity on shorter routes within the country and to the Middle East region a much-need boost, the carrier said on Thursday. Two more of these narrow-body aircraft will join PIA’s ageing fleet by end of the month. The aircraft have been inducted

  • Peddling guavas: Police seize 31 kilos of heroin in Karachi

    November 21, 2013 7:21 AM 46

    Heroin - concea­led in a box of guavas - was found on a Pak Busine­ss Expres­s train which came to Karach­i from Lahore. KARACHI: Police seized 31 kilogrammes of heroin from the Cantt Station in Karachi, Express News reported on Thursday. The heroin was found in a case of guavas on a Pak Business Express train during a search operation. According to reports

  • Current account deficit swells

    November 21, 2013 2:49 AM 35

    KARACHI: The current account deficit further widened in first four months of this fiscal year emerging as a major threat to already poorly managed economy. The State Bank on Wednesday reported that the current account deficit for July-October period rose to $1.366 billion mainly due to poor performance of trade and services sector, against a surplus

  • Country to witness 8-hour power outages

    November 21, 2013 2:46 AM 36

    ISLAMABAD - Owing to annual canal closure and proposed natural gas supply suspension to power sector in December and January, Water and Power Ministry to limit power load shedding up to 8-hour per day during said two months has sought Rs25 billion from the government. sources well aware of the development told TheNation that the ministry, owing to so far estimated