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On behalf of the people of Punjab, I warmly welcome the Chinese President His Excellency Xi Jinping on his historic visit to Pakistan. This is President Xi's first visit to Pakistan, having been elected as Chinese President in 2013, and comes at an extrao
China's sincere ties with Pakistan just can't be described only as "deeper than oceans, higher than Himalayas and sweeter than honey". They are much above all these metaphors. If, however, one tries to Describe Pak-China relations, one would have to borro
Soon after assuming power, PM Nawaz Sharif paid a visit to China where the historic MoU for China-Pakistan Economic Corridor (CPEC) was signed on 5th July 2013 in the presence of the Prime Ministers of both countries. This MoU kick-started a series of eco
As the nation prepares to welcome our close friend and trusted neighbour from across the mighty Himalayas, Karakorum and Hindu Kush mountain ranges, let me affirm that ever since the two countries established their diplomatic relations in 1951, Pakistan-C
"My friend's lovely image dwells in the mirror of my heart; I tilt my head slightly, and here it comes into my sight." Just as this line from a Urdu poem describes, Pakistan is such a good friend in my heart. When I was young, I heard many touching storie
I feel honoured to host HE Mr Xi Jinping President of the People's Republic of China on his eagerly awaited state visit to Pakistan. I, on behalf of the people of Pakistan and the government of PML N, sincerely and wholeheartedly welcome our worthy friend
It is a landmark day as we open our hearts to welcome the President of People's Republic of China, Honourable Mr Xi Jinping. I recognise this day as historic as well as futuristic milestone in Pakistan-China relations and for the greater good of the peopl
K-Electric welcomes the Honourable President of the People's Republic of China H.E. Mr Xi Jinping to Pakistan and hopes for further economic and social ties with China. This friendship. which has been of strategic importance and dates back to well over 60
The Chinese President His Excellency Mr Xi Jinping is arriving today on State visit to Pakistan after taking over the office of President of the Peoples Republic of China on March 14, 2013. In recent past the visit was postponed due to some pre-occupied e
We amiably welcome the Chinese President Xi Jinping and his esteemed delegation. It is an honour for Government & People of Pakistan that the great Chinese leader has chosen Pakistan his destination for his first foreign trip this year. The two-day visit
China holds a special place in our hearts and history. I feel honoured that the honourable Chinese President, Xi Jinping along with his delegation is visiting Pakistan to enter into bilateral agreements related to economic and trade ties of the two countr
China-Pak Dosti Zindabad: "My friend's lovely image dwells in the mirror of my heart; I tilt my head slightly, and here it comes into my sight." Just as this line from a Urdu poem describes, Pakistan is such a good friend in my heart. When I was yo
A relationship of hearts and minds: As the nation prepares to welcome our close friend and trusted neighbour from across the mighty Himalayas, Karakorum and Hindu Kush mountain ranges, let me affirm that ever since the two countries established the
Differentials for Colombian coffee dropped to their lowest levels in two months this week ahead of an expected strong mid-crop harvest, further cementing the country's push to win back market share it had lost to Central American rivals. The average premi
The Asian gasoil differential edged higher on Monday, supported by spot demand from Vietnam, though an anticipated surge of exports from the Middle East capped gains, industry sources said. The cash discount for the 500ppm sulphur gasoil gained 2 cents to
Indian soyabean futures rose on Monday, following bullish cues from international markets. US soyabeans rose for a fifth consecutive session as an economic stimulus move by top importer China reinforced expectations of brisk demand for the oilseed.
Limited number of deals finalised on the cotton market on Monday as leading buyers were on the sidelines in the process of trading, dealers said. The official spot rate was unchanged at Rs 5300, dealers said. So, in the ready session, over 2,000 bales of
The area sown for maize in Ukraine is likely to shrink by about 8 percent this year to 4.0 million hectares, according to the data provided by the agriculture ministry on Monday. The ministry said in a statement the first 120,000 hectares of maize had alr
Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), said on Saturday it had bought 300,000 tonnes of French, Russian and Romanian wheat in a tender for shipment between June 5 and June 15. Egypt, the world's biggest importer of
Sizeable changes were seen on the wholesale grain market on Monday in the process of mixed patterns, dealers said. On the cereals side, Masoor Canada low type was higher by Rs 200 to Rs 9200, best type, however, lost Rs 100 to Rs 9400, Masoor Dal Canada l
Soyameal demand was thin on Friday in Europe's livestock meals market as mostly higher prices deterred buyers who had taken advantage of a weaker dollar to book deals earlier in the week. Brazilian high protein soyameal for April delivery was offered up $
On Friday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 3.127 billion. The number of lots traded was 21,299. PMEX Commodity Index closed at 2,615. Major business was contributed by crude oil amounting to PKR 2.544 billion followed by gold (P
Unmilled rice output in the Philippines, one of the world's biggest rice importers, is forecast to reach 4.47 million tonnes, below the government's January forecast of 4.59 million tonnes, the Bureau of Agricultural Statistics (BAS) said, citing unfavour
Ghana's cocoa production for the 2014/15 season will fall to between 730,000 and 750,000 tonnes following an outbreak of fungal black pod disease, Ecobank said in a note on Friday. Ghana is the world's second biggest cocoa exporter behind neighbour Ivory
Asia's naphtha crack fell to $99 a tonne on Monday as expectations of high supplies coming to the East next month from Europe pushed it lower for the third straight session. There were also concerns that the UAE's ADNOC could start shipping out more napht
Chinese iron ore futures dropped 2 percent on Monday as concern over excess supply countered Beijing's aggressive cut in banks' reserve requirements aimed at shoring up a slowing economy. The 100 basis point reduction in banks' reserve requirement ratio e
The Karachi Port handled 215,036 tonnes of cargo comprising 139,261 tonnes of import cargo and 75,775 tonnes of export cargo including 651 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday.
Russian wheat was offered lowest at $242.60 a tonne c&f free out (ciffo) in a tender from Iraq's state grains board to buy at least 50,000 tonnes of hard wheat, European traders said on Monday. The tender closed on Monday and offers must remain valid up t
The US Supreme on Monday rejected a last-ditch appeal from ex-Goldman Sachs director Rajat Gupta, keeping intact his two-year prison sentence for insider trading. The top US court declined without comment to hear Gupta's challenge to his 2012 conviction f
BP expects to start natural gas production from Oman's Khazzan field by 2017 at a rate of 1 billion cubic feet (bcf) a day, a senior executive from the British oil major said on Monday. "2017 is when we plan to have the first gas from the field, and that
Japan and the United States kicked off the second of two days of tough trade talks on Monday that could pave the way for a broader trans-Pacific trade deal, although Tokyo shrugged off expectations of a bilateral deal in time for a summit next week. Speak
China will launch three new free-trade zones on Tuesday, official media said Monday, building on a project that began in Shanghai to much fanfare but has so far undershot expectations. The free-trade zones (FTZs) will be opened in the southern province of
The Greek government on Monday issued a decree ordering all public agencies to turn in their financial reserves to the treasury in order to meet payments as the state coffers are emptying. "With this act, the government hopes to cover urgent needs of the
Indonesian President Joko Widodo turned on his man-of-the people charm at a key Asian business forum Monday, telling investors they could just give him a call if they ran into trouble. "Please come and invest in Indonesia - if you have any problem, call m
Efforts by banks and asset managers to dilute planned European Union rules on paying for research on stock picks are being rebuffed by the bloc's executive, a draft EU document showed. The European Commission is writing rules to implement an update of the
Efforts by banks and asset managers to dilute planned European Union rules on paying for research on stock picks are being rebuffed by the bloc's executive, a draft EU document showed. The European Commission is writing rules to implement an update of the
Taiwan's export orders in March were better than expectations on robust US orders, offsetting concerns that appetite for the island's electronic gadgets had been seriously affected by the slowdown in the global economy. The upbeat figures also helped to d
Halliburton Co's quarterly profit beat analyst expectations by the biggest margin in at least eight quarters as cost cuts helped the oilfield services provider offset a steep fall in drilling in North America, its biggest market. The company's shares rose
Halliburton Co's quarterly profit beat analyst expectations by the biggest margin in at least eight quarters as cost cuts helped the oilfield services provider offset a steep fall in drilling in North America, its biggest market. The company's shares rose
The European Union will launch a legal attack on Russian gas giant Gazprom this week, ramping up tensions with Moscow, when antitrust agents will accuse it of overcharging buyers in eastern Europe, EU sources told Reuters on Monday. Russia's state-control
Iraq's oil exports have slipped so far in April to 2.92 million barrels per day (bpd), according to loading data and industry sources, although shipments from Opec's second-largest producer remain close to a record high. If sustained, Iraq's exports this
The French government will unveil a labour reform on Wednesday that falls short of initial ambitions and angers both employers' groups and trade unions. Initially billed as a reform that would spur job creation in a moribund market by simplifying rules on
Saudi Arabia's bourse pulled back slightly on Monday after several companies reported poor first-quarter earnings; other Gulf markets were positive, although disappointing earnings slowed Qatar's advance. The main Saudi index edged down 0.3 percent to 9,5
Canada's main stock index rose on Monday as oil price gains helped oil and gas companies offset weakness in other sectors, while financials, another index heavyweight, also provided support. Suncor Energy Inc and Enbridge Inc were among the most influenti
US stocks rose on Monday, reversing much of the previous session's sharp decline, as China's steps to stimulate its slowing economy and as earnings lured money back into equities. In the second industry-wide cut in two months, China's central bank on Sund
Most Southeast Asian stock markets ended weaker on Monday, tracking global markets on concerns of further crackdowns on margin financing by Chinese authorities, but China's steps to stimulate its slowing economy helped cap the fall. Along with Chinese cra
China shares dived on Monday in volatile trade as fears of a regulatory crackdown on the world's hottest stock market offset the central bank's most aggressive move yet to bolster the slowing economy. A cut in banks' reserve requirements announced by the
European shares made a positive start to the week on Monday, thanks to deal-making in the telecoms sector and stimulus from China, though gains were not enough to entirely erase the losses from Friday's sharp sell-off. This week brings a raft of first-qua
Vietnam's benchmark VN Index closed 0.58 percent lower on Monday, with investors booking profits from recent gains, mostly in big-caps, while foreign investors extended their net purchase position. More than half of the equities headed south, led by Petro
Tokyo stocks ended marginally lower on Monday, following a tumble on Wall Street that was fuelled by worries about Greece's future in the eurozone. The benchmark Nikkei 225 at the Tokyo Stock Exchange slipped 18.39 points to 19,634.49, while the broader T
Mining stocks helped Britain's top share index rebound on Monday after China moved to support stuttering growth in the world's biggest consumer of metals. The FTSE 350 mining index rose 2 percent, the top sectoral gainer, after China cut the amount of cas
Most emerging Asian currencies held firm on Monday after China took another bold stimulus step, while regional units pared some gains on sustained worries about a slowdown in the world's second-largest economy. The People's Bank of China (PBOC) on Sunday
The Australian dollar rose on Monday after China boosted banks' lending power to support an economy that is Australia's largest export market, while the euro was weighed down by concerns over Greece's struggle to agree terms with creditors.
The euro slid just over half a percent against the dollar in a slack start to the week on Monday dominated by the fallout of new economic stimulus in China and concerns over Greece. The dollar's worst performance in a month last week had added to a growin
The dollar rose on Monday as the euro slid half a percent against the US currency amid gathering concerns that Greece may default on debts. Coming off its worst weekly performance in a month, the dollar also gained against the Japanese yen and the British
French Finance Minister Michel Sapin said Friday that Europeans seek "stability over the long term" with the euro "at its current level." "If we would like to, or we would let known that we would like to, let the euro's value fall further, we would enter
The Turkish lira underperformed major emerging markets peers on Monday with the central bank, due to meet to discuss interest rates later this week, seen having limited options to defend the currency ahead of a June general election.
Egypt's central bank kept the pound steady at 7.53 to the dollar at a foreign exchange auction on Monday, and the currency remained unchanged on the black market. The central bank has kept the official exchange rate steady for more than two months since l
The pound rose against the euro on Monday, helped by robust Britsh house price data and growing concerns about the risk of Greece leaving the euro zone that underpinned safety flows into sterling assets. The euro was weak across the board with Athens stuc
Indian banks, hoping to offset a slow recovery in corporate lending, are pushing into credit cards and personal loans, using blanket advertising, cold call campaigns and even sending employees to malls to lure customers.
Qatar plans to accommodate some 12,000 football fans on cruise ships during the World Cup in 2022, a spokesman for the Qatar Tourism Authority (QTA) said on Monday. The proposal for "floating hotels" is a revival of an idea which was initially rejected tw
Sri Lanka's cricket board Monday accused the world governing body of "gravely" disrupting the sport in the island by withholding its share of proceeds from World Cup tournaments. The International Cricket Council (ICC) said last week it was withholding Sr
Pakistan Blind Cricket Council (PBCC) on Monday appointed former two-time World Cup winning captain, Abdul Razzaq as coach of national team. Syed Sultan Shah, Chairman PBCC has appointed Razzaq as coach of Pakistan Blind Cricket team till the Twenty-20 Wo
Pakistan captain Azhar Ali has said that the ODI series loss to Bangladesh with a match to go was a big blow to his side. He has asked for time for his team to stand up again, but doesn't expect a quick turnaround. "It is a big blow for us," Azhar said. "
Ethiopian runner Lelisa Desisa and Kenya's Caroline Rotich were the top male and female finishers at Monday's Boston Marathon, two years after the race was struck by a deadly bombing attack. Desisa, who famously gave his winner's medal to the city followi
Pakistani greats on Monday slammed the team's first ever series loss to Bangladesh, with former captain Javed Miandad terming it the "lowest point" in his country's cricketing history. Bangladesh thumped Pakistan by seven wickets in the second one-day int
Rafael Nadal has a return to winning ways on clay in his sights as he targets a ninth title at the Barcelona Open this week. The Spaniard was beaten in straight sets by world number one Novak Djokovic in the semi-finals of the Monte Carlo Masters on Satur
Athletics' world body on Monday led a withdrawal from a major international sports association after its leader launched a scathing public attack on IOC chief Thomas Bach. Controversy erupted at the SportAccord convention in the Russian resort of Sochi af
The Washington Post on Monday slammed the espionage and other charges brought in Iran against detained reporter Jason Rezaian, calling them "absurd" and baseless. "The grave charges against Jason that Iran has now disclosed could not be more ludicrous," t
US paratroopers Monday began training Ukrainian government forces who will fight pro-Russian separatists in the east, angering Moscow as the deadly conflict rumbles on in the ex-Soviet country. Ukraine President Petro Poroshenko welcomed troops from the U
Cotton futures rose for the first time in five sessions on Monday as lower prices following four straight sessions of losses attracted mill fixations and speculators covered short positions. The most active July cotton contract gained 0.1 cent, or 0.2 per
Oil prices ended in positive territory on Monday after a drop in stockpiles at the delivery point for US crude in the second half of last week outweighed pressure from near record high production in Saudi Arabia. Tensions after the dispatch of US Navy shi
Russian wheat prices declined last week due to high supply from farmers who need cash for spring sowing and also due to high levels of stocks, analysts said on Monday. Black Sea forward prices for Russian new crop wheat with 12.5 percent protein content w
Scotland's separatists tried to reassure voters across Britain on Monday over the key role they could play in deciding the next government following May's knife-edge election. Launching the left-wing Scottish National Party's manifesto with 17 days to go,
Somalia's Shebab Islamists killed seven people including four UN workers on Monday when they set off a huge bomb which ripped through a staff bus in the north-eastern town of Garowe. The four foreign UN staff worked for the children's agency UNICEF, while
India's Rahul Gandhi accused Prime Minister Narendra Modi of failing farmers in a rare speech to parliament on Monday, sharpening an attack on the government after a long vacation that raised questions about the opposition leader's future. Looking rested
The Mediterranean is turning into a "vast cemetery" because of soaring migrant deaths, the UN human rights chief said on Monday, as he strongly condemned "callous" EU migration policies. With more than 700 people feared dead after a fishing boat crammed w
The EU unveiled a 10-point action plan Monday to stem the tide of migrants crossing the Mediterranean after the latest disastrous loss of life, promising to step up both control and rescue operations. The European Commission said the plan, approved by EU
South Korea's Prime Minister Lee Wan-Koo has offered to resign, a report said Tuesday after the main opposition party said it would seek to impeach him over bribery allegations. The scandal was triggered by the suicide of a powerful businessman, who befor
Assailants wielding iron rods attacked the car of Bangladesh's former prime minister and main opposition leader Khaleda Zia on Monday during an election rally and then shot at it as the vehicle sped away but she was unhurt, officials said.
Turkey shares the pain of Armenians whose parents or grandparents were killed under the Ottoman Empire during World War I, Prime Minister Ahmet Davutoglu said on Monday. "We once again respectfully remember and share the pain of grandchildren and children