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Dollar Stabilizes After Malaysian Plane Crash Jitters

US dollar

The dollar stabilized against the euro Thursday, trimming earlier gains spurred by the crash of a Malaysian jetliner in war-torn Ukraine. Malaysia Airlines flight MH17 crashed in pro-Russia rebel-held territory in eastern Ukraine near the Russian border. The Boeing 777, with 298 people aboard, was flying from Amsterdam to Kuala Lumpur. Ukrainian President Petro Poroshenko called […]

Gemstone Industry Struggles With Unrest

jewellery

For 400 years the craftsmen and traders of Peshawar´s jewellery bazaar have cut, polished, set and haggled over precious gems dug from the rugged mountains of northwest Pakistan. Pakistan´s gem and jewellery exports have boomed in recent years but Taliban violence, a crippling power crisis and outdated production methods are taking their toll in Peshawar, where […]

Haram Items Being Openly Sold in Pakistani Markets

Sar e Aam

Sar e Aam team visited some of the major departmental stores on Tuesday together with the Commissioner Karachi and confiscated various items from there, which were being sold despite of being declared as ‘Haram’ – ARY News reports. According to details, various items which the Government had declared as Haram, were being sold openly at […]

China Q2 Growth Mired at 7.4% On-Year

China growth data

Tokyo gained 0.33 percent, Hong Kong climbed 0.94 percent, Sydney rose 0.52 percent, Seoul added 0.49 percent while Shanghai was up 0.16 percent. Regional sentiment was supported by gains on Wall Street on Friday as fears receded over the health of a troubled Portuguese bank that rocked markets late last week. Focus turned to China, which […]

Business Train Declared a Flop Project

Pakistan Railways Train

Pakistan Railways has declared Pakistan Business Express (PBE) project as disappointing and damaging to the department. Denying a statement by the director PBE published in few newspapers here on Saturday, a PR spokesman said Business Train administration was defaulter of millions of rupees of the Railway. It said that National Accountability Bureau was investigating the case. According […]

LPG Prices Hiked by Rs5 Per kg Sans OGRA Approval

LPG Gas prices

Prices of Liquefied Petroleum Gas (LPG) have been raised second time in one week by the marketing companies without the approval of the Oil and Gas Regulatory Authority (OGRA). This time the prices of LPG were jacked up by Rs5 per kilogram. As a result the domestic cylinder witnessed an increase of Rs50 while the […]

Pak Business Express: The Venture That Went Off-track

Business Express

The first-ever joint venture of Pakistan Railways and Four Brothers Group, titled the “Pak Business Express”, is passing through its most difficult phase yet as officials on both sides seem least interested in continuing the project. According to sources, the project is running only because both parties are still getting some benefits out of it. […]

Tokyo Stocks Slip by the Break

Tokyo stocks slip

Tokyo stocks slipped in Thursday morning trade, giving up early gains as profit-taking offset another record close on Wall Street, although the weaker yen supported exporter shares. The benchmark Nikkei 225 index edged down 9.23 points to 15,360.74 by the break. The Topix index of all first-section shares lost 0.19 percent, or 2.41 points, to […]

Dollar Eases in Asian trade after Wall Street Slip

Dollar eases in Asian

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 afternoon. The euro fetched $1.3618 and 138.26 yen against $1.3619 and 138.62 […]

Asia Shares Slip on Profit-taking as Wall St retreats

Asia shares slip

Asian markets slipped Wednesday following the previous day´s gains, while investors took their lead from losses on Wall Street as the dollar edged down against the yen. US oil prices moved higher on worries following a report that Washington had decided to start exporting crude for the first time in four decades. Tokyo slipped 0.51 percent, […]

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