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Japan PM calls time on late evening working TOKYO: Japan's famously long working hours will get a shakeup this summer, the government announced Friday, with Prime Minister Shinzo Abe pushing early starts and European-style flexibility.In a bid to better balance work and play for Japan's harried employees and to encourage them to spend time and money on private life and leisure, Tokyo mandarins want the working day to start -- and end -- earlier."Prime Minister Abe said we would take on changing the summertime lifestyle so that (people) will start working early in the morning and spend time with families and others in the evening," Chief Cabinet Secretary Yoshihide Suga told reporters.To begin with, central government officials will promote early starts and flexible finishes, Suga quoted the premier as saying."It is often said that long work hours in our country keep people from appreciating its benefits," Suga said.Copyright AFP (Agence France-Presse), 2015

US Senate passes Republican budget with deep spending cuts WASHINGTON: The US Senate early on Friday passed a Republican-authored budget plan that seeks $5.1 trillion in domestic spending cuts over 10 years while boosting military funding, putting Congress on a path to complete its first full budget in six years.The 52-46 vote on the non-binding budget resolution came at the end of a marathon 18-hour session that saw approval of dozens of amendments ranging from Iran sanctions to carbon emissions and immigration policy.Copyright Reuters, ...

Asian shares mixed as Yemen crisis hits sentiment HONG KONG: Asian markets were mixed on Friday in edgy trade as investors track the crisis in Yemen, with fears that unrest in the country could turn into a wider Middle East conflict.Wall Street provided another negative lead while the euro struggled to regain its recent strength after tumbling in New York from levels above $1.10 earlier in the day.Oil price also dipped a day after surging in reaction to the unrest in Yemen.Tokyo tumbled ...

RECORDER REPORT: KSE mid day update KARACHI: On Friday, until mid day, KSE-100 Index was at 30714.80 with a positive change of 35.83 and volume of 58,559,800 shares.High and Low were 30828.20 and 30490.22 respectively. Total volume traded in the market was 83,672,970 shares with 261 total traded companies out of which 137 were up, 107 were down and 17 were unchanged.Chemicals was the top traded sector with total traded volume of 15,726,250 shares. It was followed by Construction and Materials ...

Afghan leader 'cautiously optimistic' about improved ties with Pakistan NEW YORK: Visiting Afghan President Ashraf Ghani has told an American audience that he was "cautiously optimistic" about bringing about a fundamental change for the better in the relations between Afghanistan and Pakistan, which he considers key to peace efforts with the Taliban."I m cautiously optimistic that we have begun a process of fundamental transformation," he said at the Council on Foreign Relations, a US think-tank, in New York on Thursday.He said improved relations with ...

Ten cops injured in explosion at Quaidabad area KARACHI: Ten cops, travelling on a bus of the Sindh Police's Special Security Unit, were injured on Friday morning, when their vehicle was hit by a motorcycle planted with explosives detonated through a remote control at Murghi Khana bus stop in Quaidabad area, said Karachi police authorities.According to available details, around 50 police personnel were travelling in the vehicle at the time of blast while all the victims were shifted to Jinnah Postgraduate Medical Centre ...


Index Closing Chg%
Arrow DJIA 17,678.23 0.23
Arrow Nasdaq 4,863.36 0.27
Arrow S&P 2,056.15 0.24
Arrow FTSE 6,895.33 1.37
Arrow DAX 11,843.66 0.18
Arrow CAC-40 5,006.35 0.29
Arrow Nikkei 19,471.12 1.39
Arrow H.Seng 24,497.08 0.13
Arrow Sensex 27,457.58 2.33

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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln