Taliban commander among nine killed in Swat
MINGORA/PESHAWAR: Fierce clashes continued in the restive Swat valley on Wednesday as nine more militants, including a senior and important leader of
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Govt suspends move to restore eight SHC judges
ISLAMABAD: The notification for the restoration of eight deposed SHC judges was held in abeyance by the federal government late on Wednesday night af
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IWCCI faces numerous problems
IslamabadIslamabad Women Chamber of Commerce and Industry (IWCCI) is confronting with lots of problems due to non-issuance of licence to it by
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Health emergency response cells activated
IslamabadThe government has issued instructions for activation of health emergency response cells in all four provinces, particularly in NWFP,
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The people of Karachi are going mad
KarachiAbid Hussain, 33, works in a manufacturing factory at the tower. He has to come to office daily from Gulshan-e-Hadeed, a distance of mo
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ICC delays scheduling decision
KARACHI: The International Cricket Council (ICC) has delayed a decision on the scheduling of the controversial Champions League twenty20 tournament, w
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Pakistan News
Inflated bills shock power consumers
LAHORETHE overbilling by Lahore Electric Supply Company (Lesco) has become a routine, which amounts to penalising the majority of the consumer
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Dr Aafia produced, indicted in US court
NEW YORK: Though a US district judge set August 11 for hearing the bail plea of Pakistani American neuroscientist Dr Aafia Siddiqi, who was arrested
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Govt to privatise major enterprises
ISLAMABAD: The government on Wednesday announced the privatisation of major public entities in the next two months, including Kot Addu Power Company (
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Oil prices drop as US crude stocks rise
NEW YORK: World oil prices weakened Wednesday following a surprise jump in US crude reserves, although the same government snapshot also showed a larger-than-expected drop in motor fuel stockpiles. New York’’s main oil futures contract, light sweet crude for September delivery, closed 59 cents lower at 118.58 dollars. In London, Brent North Sea crude for September delivery fell a heavier 70 cents to settle at 117.00 dollars per barrel. Prices fell back after the US Department of Energy (DoE) announced that American crude reserves increased by 1.7 million barrels in the week ended August 1. The reading caught the market off guard because expectations had been for a 200,000-barrel decline. The weekly report often has an impact on market prices. However, the DoE added that motor fuel stockpiles plunged 4.4 million barrels last week. That was notably more than analysts” consensus forecasts for a drop of 1.5 million. Traders are closely tracking the level of US gasoline stockpiles amid the ongoing peak-demand summer driving season, when many Americans take to the roads for their holidays. Oil prices had rebounded slightly in earlier trade after large falls the previous day, but the gains evaporated in afternoon trading.
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