Pakistan''s power sector has reportedly swallowed Rs 2,000 billion during last seven years and the responsibility rests with two successive governments.
Pakistan's power sector has reportedly swallowed Rs 2,000 billion during last seven years and the responsibility rests with two successive governments.
Pakistan's power sector has reportedly swallowed Rs 2,000 billion during last seven years and the responsibility rests with two successive governments.
The Finance Ministry has termed the heavy line losses, incomplete corporatisation, weak governance, costly fuel mix and huge receivables of Pepco against public and private sector, as major factors behind accumulation of circular debt.
The Finance Ministry has termed the heavy line losses, incomplete corporatisation, weak governance, costly fuel mix and huge receivables of Pepco against public and private sector, as major factors behind accumulation of circular debt.
The Finance Ministry has termed the heavy line losses, incomplete corporatisation, weak governance, costly fuel mix and huge receivables of Pepco against public and private sector, as major factors behind accumulation of circular debt.
A plunging meteor exploded with a blinding flash above central Russia on Friday, setting off a shockwave that shattered windows and hurt almost 1,000 people in an event unprecedented in modern times. Experts insisted the meteor's fiery entry into the atmo
A plunging meteor exploded with a blinding flash above central Russia on Friday, setting off a shockwave that shattered windows and hurt almost 1,000 people in an event unprecedented in modern times. Experts insisted the meteor's fiery entry into the atmo
Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
There is nothing more fulfilling than to play safe at Bridge. But this ability lies with only those who can comprehend the end result very early in the play. For this comprehension, declarer needs to have the vision and the expertise to work out as to whe
Aqeel Solangi's paintings in a solo exhibition titled "Relocation Mapped" at Koel Gallery, Karachi devoid of human presence yet reflects various human beliefs, rituals, experiences and conditions in life around the globe. He portray human in general way a
Acres of space under the overpasses and bridges is wasted space which no authority seems to own or cares to put to some good use. As a result of the neglect these spaces have become dens of drug addicts, garbage dumps, car parks, homes of beggars, improvi
A very detailed and analytical explanation of Kargil operation which has been unduly criticised by some politicians who have no clue about military matters and some ex Generals wanting to raise their stature at the cost of their colleagues while subjectin
Gold importers in India waited for a bigger fall in prices that ruled steady following a similar trend in overseas market, while a weaker rupee limited the downside in prices. After a 50 percent import duty increase to 6 percent on January 21, the Reserve
Corn spot basis bids were steady to higher across the US Midwest on Thursday as futures declined the 10th straight session for the longest losing streak in nearly six years, chilling the already lackluster selling interest from farmers, grain merchants sa
ICE Canadian canola futures rose on Thursday for the second straight day, lifted by modest buying by small speculators and crushers as well as by a lack of farmer selling into the cash system. Tight supplies and brisk demand have made some farmers bullish
Chicago Board of Trade wheat futures were lower on Thursday on improving crop weather in the US and on fund long-liquidation, traders said. Snowfall and/or rain next week in the US Midwest and Plains should provide significant relief from the worst drough
India's vegetable oil imports soared 27 percent from a month ago to an all-time high in January on purchases of cheap palm oil, a trade body said, raising the prospect for further curbs on cheap imports from Indonesia and Malaysia.
The Karachi Port handled 124,886 tonnes of cargo comprising 71,269 tonnes of import cargo and 53,617 tonnes of export cargo including 3,860 loaded and empty containers during the last 24 hours ended at 0700 hours on Friday. The total import cargo of 71,26
Prices of fine variety went up on the cotton market on Friday as the ginners were not keen to lower asking prices mainly because of diminishing unsold stock, dealers said. The official spot price was unchanged at 6,250, dealers said. Seed cotton prices in
Buyers of soyabeans in Brazil's biggest producer state, Mato Grosso, have rejected or heavily discounted some early-harvest cargoes that they say were too wet or spoilt due to weeks of unrelenting rain, producers' association Aprosoja said Thursday. Rains
Aircraft engine maker Rolls-Royce said Thursday that net profits surged last year, boosted by strong revenues and the sale of its stake in US-based International Aero Engines, and appointed its new chairman. Earnings after taxation soared to £2.281 billio
Aircraft engine maker Rolls-Royce said Thursday that net profits surged last year, boosted by strong revenues and the sale of its stake in US-based International Aero Engines, and appointed its new chairman. Earnings after taxation soared to £2.281 billio
PSA Peugeot Citroen unions agreed to let the French carmaker start to move workers from its troubled Aulnay plant, effectively beginning the wind-down of the site a year ahead of its scheduled closure. The works council approved the transfers to another P
Professional forecasters surveyed by the European Central Bank have cut their eurozone growth forecasts for this year and next year, the ECB said on Thursday. According to the ECB's quarterly Survey of Professional Forecasters, the eurozone economy will n
Shares in London Stock Exchange (LSE) fell sharply on Friday as weak underlying earnings from its takeover target LCH Clearnet raised fresh concerns over the deal. The LSE plans to pay 366 million euros ($488.3 million) for 60 percent of LCH, which as a c
A remote controlled robot that uses dry ice to vacuum up radiation was unveiled by Japanese researchers on Friday, the latest innovation to help the clean-up at Fukushima. The caterpillar-tracked device blasts dry ice - frozen CO2 - against floors and wal
US senators proposed a tax on carbon emissions Thursday amid growing calls for action on climate change, but the bill is expected to face strong opposition from conservatives. Two days after President Barack Obama urged Congress to tackle the emissions bl
US manufacturing got off to a weak start this year as motor vehicle output tumbled in January, but a rebound in factory activity in New York state this month suggested any setback would be temporary. In a further sign the sluggish economic recovery remain
The Vatican appointed German lawyer Ernst von Freyberg on Friday to head its bank, filling a post left vacant since May when the previous chief was ousted from the scandal-tainted institution. The appointment, made by a commission of cardinals, was approv
French President Francois Hollande wrapped up his two-day trip to India on Friday with a call for more investment and trade between the countries as he met with business leaders. Hollande, making his first trip to Asia since taking office last year, said
The European Union on Friday approved the immediate launch of a plan to battle food fraud drawn up in the wake of a horsemeat scandal spreading across Europe. A European Commission plan to carry out DNA tests on beef products and check in abattoirs for th
Airbus has dropped lithium-ion batteries of the type that forced the grounding of Boeing's 787 Dreamliner and will use traditional nickel-cadmium batteries in its crucially important next passenger jet, the A350. The European planemaker said on Friday it
British retail sales unexpectedly fell in January hurt by heavy snow, reviving worries that the economy may be slipping into a third recession since the onset of the financial crisis. Sales volumes slipped 0.6 percent in both monthly and annual terms, the
Commerz-bank's Chief Executive announced that he is to waive his 700,000 euro bonus for 2012 and warned investors not to expect a dividend from what will be a difficult 2013. Germany's second-biggest lender, which received an 18 billion-euro government ba
The Eurozone posted an increase in its trade surplus in December, albeit lower than expected, as imports fell steeper than exports, data showed on Friday. The European Union's statistics office Eurostat said the unadjusted trade surplus of the 17 countrie
Indonesian stocks set a record high for a fifth straight session on Friday led by large caps such as PT Telekomunikasi Indonesia while others ended mixed as a revival in worries about global economic growth weighed on broader Asia. Jakarta's Composite Ind
Japan's Nikkei share average fell on Friday as investors pared exposure to exporters and banks while awaiting the weekend G20 meeting. A deepening recession in the euro zone also dragged down shares, and sentiment deteriorated in late trade on news that a
US stocks edged lower on Friday as equities continued a phase of consolidation after a strong start to the year but the seven-week winning streak for the S&P 500 remained intact. The S&P 500, up nearly 7 percent so far this year, is facing strong technica
The S&P 500 eked out a small gain for a third straight session on Thursday, helped by a flurry of merger activity, though investors see no catalysts to lift the market further with major averages near multi-year highs. The market's slowed advance took the
US Treasuries yields slid from 10-month highs on Thursday after disappointing growth data from the eurozone spooked investors into pouring money into perceived safe havens. The German economy shrank 0.6 percent in the final quarter of 2012, the worst perf
US Treasuries yields slid from 10-month highs on Thursday after disappointing growth data from the eurozone spooked investors into pouring money into perceived safe havens. The German economy shrank 0.6 percent in the final quarter of 2012, the worst perf
Sri Lankan stocks edged up on Friday, rising off a one-week low with help from Dialog Axiata, but turnover slumped to a 7-week low as investors stayed away, discouraged after an IMF warning on the country's macroeconomic indicators. The International Mone
Indian shares fell on Friday to their lowest levels in 2013 as drug maker Dr Reddy's retreated a day after reporting a larger-than-expected fall in quarterly earnings, while software service exporters fell on profit-taking. However, Tata Motors rose 2.4 p
European shares nudged lower on Friday, held back by weak utilities and banks, although some strategists saw technical and other evidence of scope for renewed gains. The STOXX Europe 600 Utilities Index and the Banks index were both among the worst perfor
South Korean shares crept up to close at their highest since January 22 on a day many investors stayed the sidelines before G20 finance officials meet in Moscow. The Korea Composite Stock Price Index (KOSPI) added 0.08 percent on Friday to 1,981.18 points
Australian shares finished flat on Friday, as investors were cautious after bleak euro zone data and a $3 billion annual loss from global miner Rio Tinto. Demand for banking stocks helped support the market, although the absence of positive catalysts mean
Gains in heavyweight healthcare stocks were unable to take Britain's blue-chip share index back to five-year highs on Friday as weak commodity stocks capped the market's rise. The index managed a weekly gain but did not test five-year highs set earlier in
The running hot New Zealand dollar shot to 17-month highs on the US dollar and struck a fresh record peak against sterling on Friday as more upbeat domestic data stoked talk that interest rates would have to rise eventually.
The Indian rupee fell to its lowest in nearly a month on Friday, hurt by weaker local shares and a slump in the euro following weak economic growth data. The weakness in the stock markets ahead of the budget has raised concerns about future capital inflow
The yen firmed against the euro and dollar in Asian trading on Friday as markets braced for more conflicting comments on currencies as officials from the Group of 20 nations gathered in Moscow. The yen was also underpinned by expectations that Japanese Pr
The yen hit a two-week high against the euro on Friday on speculation the next Bank of Japan governor may be less inclined to pursue aggressive monetary and amid uncertainty before a G20 summit in Moscow. G20 officials struggled to find common ground on c
The yen fell against the euro and dollar on Friday on expectations that the Group of 20 at its meeting this weekend will avoid targeting Japan over policies that have weakened the yen. The currency market was thrown into turmoil this week after the Group
The euro dropped to a three-week low against the dollar and fell sharply versus the yen on Thursday after data painted a bleak picture of the eurozone economy, raising expectations the European Central Bank will cut interest rates. The yen, meanwhile, ral
The Swiss franc drifted lower against the euro on Friday, paring gains from the previous session when data showing the euro zone had fallen deeper into recession late last year weighed on the single currency. The franc fell 0.1 percent against the euro co
The won ended its best week in 14 months on Friday as foreign investors continued to snap up South Korean stocks, leading weekly gains among emerging Asian currencies, as global investors looked to a meeting of G20 officials for further signals on foreign
Sterling was on track for its biggest weekly loss in a month on Friday, trading with touching distance of a 6-1/2 month low against the dollar it hit earlier in the day after weak UK retail sales figures. Investors trimmed bets against the pound and squar
Russian clubs ruled the Europa League roost on Thursday as Rubin Kazan upset holders Atletico Madrid while Anzhi Makhachkala and Zenit St Petersburg opened up commanding first-leg advantages in their last 32 ties. Rubin's Gokdeniz Karadeniz scored after s
Chris Froome of Britain won the fifth stage of the Tour of Oman cycle race on Friday to retain the overall leader's red jersey. At the end of the 144 kilometre stage from Al Alam Palace in Muscat to Boshar, Sky rider Froome crossed the line half a wheel's
Pakistan Football Federation (PFF) President Syed Faisal Saleh Hayat had an exclusive meeting with J. S. Blatter, President Fédération Internationale de Football Association (FIFA) at Zurich. A spokesman of PFF said here today that Faisal Saleh Hayat was
The new constitution of Pakistan Cricket Board (PCB), which is in line with the guidelines of the International Cricket Council (ICC), has been approved by the government, although, the PCB is yet to get a copy of the duly approved draft of the PCB Consti
Every player at the 2014 World Cup in Brazil will be required to have a biological passport, the sport's world governing body FIFA announced on Friday. FIFA intend to introduce the system of biological profiling at this year's Confederations Cup in Brazil
The visiting Afghanistan cricket team scored a fine 52 run victory over Stags in a T20 cricket match here on Friday at Stags cricket ground. Afghanistan batted first were all out at 128 in 20 overs. Asghar Astangzai top scored with solid 61 followed by Ja
Alex Hales produced a batting masterclass as England dominated New Zealand with both bat and ball to race to a 10-wicket win in the T20 series decider in Wellington on Friday. Stung by a heavy loss in the second match in Hamilton on Tuesday, England bounc
Manchester City manager Roberto Mancini has mocked the suggestion that he could be sacked if he fails to deliver the FA Cup this season. Mancini's side are 12 points adrift of city rivals United in the Premier League title race and failed to qualify from
Spain's Rafael Nadal cruised to a two-set victory in his singles debut at the Brazil Open here late Thursday but then the 11-time grand slam winner blasted the ATP Tour for its choice of balls. The former world number one needed only 78 minutes to prevail
Off-spinner Saeed Ajmal took all five wickets as Pakistan finished on top on the second day of the second Test against South Africa at Newlands on Friday. South Africa were struggling at 139 for five at the close, still 199 runs behind Pakistan's first in
The United States on Friday warned of a dangerous increase in tensions on the undemarcated border between Sudan and South Sudan after reports of clashes between the two sides. Washington is "deeply concerned" by the reported incidents in disputed border a
A third member of a family has been diagnosed in Britain with a potentially fatal Sars-like virus, officials said Friday, bringing the number of confirmed cases world-wide to 12. Britain's Health Protection Agency (HPA) said the latest person to contract
The United States has designated an alleged senior North African al Qaeda leader a "terrorist" as part of Washington's support of French-led troops who wrested northern Mali back from Muslim extremists. The US Treasury on Thursday targeted Yahya Abu Hamma
Three Chinese government ships entered disputed waters Friday, the Japanese coastguard said, as the two countries' soured relationship grew more complex following North Korea's nuclear test. Maritime surveillance vessels sailed near the Japanese-controlle
US regulators approved a so-called bionic eye on Thursday, giving hope to people with a rare genetic disease. Developed by California-based Second Sight Medical Products, Inc, the Argus II Retinal Prosthesis System is the first retinal implant for adults
More than 100,000 troops and civilians staged a mass rally in Pyongyang to celebrate North Korea's nuclear test and praise the "matchless" bravery of leader Kim Jong-Un, state media said Friday. The rally in the capital's sprawling Kim Il-Sung square on T
An Australian court on Friday sentenced a former vice president of Chinese company Hanlong Mining Investment to more than two years in jail for insider trading, officials said. Bo Shi Zhu, also known as Calvin Zhu, pleaded guilty to three charges of insid
The United States and the United Nations called Thursday for free elections in the Maldives, after the Indian Ocean archipelago's former leader took refuge in the Indian embassy. "We urge all sides to remain calm, reject the use of violence and avoid rhet
Kenya's High Court on Friday cleared the way for Uhuru Kenyatta to run in next month's presidential election, dismissing arguments that his looming trial on charges of crimes against humanity made him ineligible. Kenyatta, a former finance minister and th
Thousands of people in Sunni-majority areas of Iraq called on Friday for the government's fall amid a spike in violence that has accompanied a political stalemate two months before provincial polls. The demonstrations, which have been ongoing for nearly t
Bahrain's police fired tear gas at an opposition rally Friday marking the second anniversary of a Shia-led uprising against the kingdom's Sunni rulers, witnesses said, a day after two people died when protests turned violent. Police also used sound bombs
A fire at India's massive Kumbh Mela festival killed a Hindu priest in the second deadly tragedy to mar the gathering in a week, officials said on Friday. "Fire broke out in one of the tents when some priests were cooking. The tent caught fire and spread
North Korea has told its key ally, China, that it is prepared to stage one or even two more nuclear tests this year in an effort to force the United States into diplomatic talks with Pyongyang, said a source with direct knowledge of the message.
A 49-year-old jobless man set himself on fire in Paris on Friday, just two days after another man died following a similar incident to protest his exclusion from unemployment benefits, officials said. The man sprayed himself with inflammable liquid and th
Finnish customs said Friday they had seized military materiel en route from Russia to Syria on board a Finnish ship docked at Helsinki's Vuosaari port in January. During an inspection of the ship, customs officials discovered spare parts for tanks in a co
Bangladesh has banned the Japanese manga cartoon Doraemon from its TV screens over fears that youngsters who are hooked on the Hindi-dubbed version are struggling to learn their native Bengali. Information Minister Hasanul Haque Inu told parliament Thursd
Syria's opposition coalition is ready to negotiate President Bashar al-Assad's exit with any member of his government who has not participated in his military crackdown on the uprising, coalition members said on Friday. Syrian authorities have given no fo
Turkish forces struck Syrian military targets Friday, in response to a mortar shell from Syria that landed on the Turkish side of the border, the Anatolia news agency reported. The mortar shell exploded about 1 kilometre from a Turkish military base, in a
Facebook can insist that its customers use their real personal data when registering on the site, a German court ruled in a decision published on Friday. The administrative court in the northern state of Schleswig-Holstein slapped down an order from regio
Facebook on Friday said it is letting users pay to ensure that messages posted by friends at the leading social network get more attention. The feature is being rolled out globally and comes less than four months after Facebook began letting members pay t