Business

Pakistan is set to become a net wheat importer this year with purchases climbing to the highest in five years after delayed planting and reduced fertilizer use hit domestic output and drove up local prices. The South Asian nation, which has been exporting wheat for the last three years, joins...

Apple's share of the smartphone market dropped in the second quarter to its lowest level in three years, research firm Strategy Analytics said. The share of the iPhone slipped to 13.6 percent in the quarter from 16.6 percent in the same quarter last year. The largest vendor Samsung Electronics, however,...

ISLAMABAD: Despite obtaining a $5.3 billion bailout package from the IMF and multi billion dollars from other donors, Pakistan will be facing a financing gap of $1.2 billion during the current fiscal year that will result into drawing down of foreign current reserves continuously in 2013-14. Finance Minister Ishaq Dar...

MUMBAI: The Indian rupee hit a record low on Monday, escalating worries about the country's current account deficit and complicating the task of the central bank as it tries to loosen monetary conditions to spur an economic recovery. The Foreign investors have been heavy sellers in recent weeks of Indian debt, a...

PHILADELPHIA (CBS) – A career site has released its rankings of the worst and best jobs of 2013. According to CareerCast.com a newspaper reporter was ranked as the worst job of 2013 while an actuary was ranked as the best. CareerCast.com says they reviewed a wide range of aspects that were categorized in four...

A massive earthquake struck Iran near the border with Pakistan on Tuesday and an Iranian official has confirmed 75 casualties and fears hundreds of people were have been killed. Initial reports are coming  - INCPak is updating this developing story. Tremors from the 7.8 magnitude quake were also felt in India and Gulf states,...

A lot of you who are big fans of messaging app Whats App  a popular, cross-platform, instant messaging application for smartphones. If you’re holding a mobile device, odds are there is a Whats app application available for it. The company launched in 2009 and quickly did to SMS what Skype did to international calling...

Facebook has sent a press invite for an event that is going to take place at its headquarters on April 4. The invite doesn't say much beyond 'Come See Our New Home on Android', and the date, time and venue of the event. While it's difficult to decipher if the...

The Karachi Stock Exchange (KES) market closed higher on Thursday, driven by institutional buying and strong corporate results, traders said. KSE benchmark 100-share index ended 0.87 percent, or 147.69 points, higher at 17,056.36. "Finally (the) Karachi bourse managed to close above (the) psychological mark of 17,000," said Samar Iqbal, a...