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Print - 2016-05-09
China's April exports, imports fall in sign of weakness
Currency

China's April exports, imports fall in sign of weakness

China's exports slumped nearly two percent in April compared to the same month last year, as imports fell almost 11 percent, officials said Sunday, the latest sign of weakness in the world's second largest economy. The key export sector has shown year-on-
Published 09 May, 2016 12:00am
IMF to urge Germany to invest more

IMF to urge Germany to invest more

The International Monetary Fund (IMF) will urge Germany's coalition government to invest more when it publishes its latest economic assessment on Europe's biggest economy on Monday, Die Welt am Sonntag newspaper reported.
Published 09 May, 2016 12:00am
Zimbabwe suspends tax chief

Zimbabwe suspends tax chief

Zimbabwe's tax authority, ZIMRA, has suspended its chief and five managers in connection with the purchase of luxury cars which were undervalued by a local dealer in order to pay lower import duty, it said on Sunday.
Published 09 May, 2016 12:00am
Honda to recall 20 million more Takata airbags

Honda to recall 20 million more Takata airbags

Honda Motor will recall an additional 20 million Takata-made airbags globally, a newspaper said Sunday, in a widening scandal that has led to the biggest auto recall in US history.
Published 09 May, 2016 12:00am
UK homeowners face significant hit from Brexit: Osborne

UK homeowners face significant hit from Brexit: Osborne

British finance minister George Osborne said on Sunday that homeowners would face a "significant hit" from lower house prices and higher mortgage costs if voters decided to leave the European Union in a referendum in June.
Published 09 May, 2016 12:00am
Thousands take to streets in Greece ahead of reform vote

Thousands take to streets in Greece ahead of reform vote

Thousands of protesters took to the streets of Athens on Sunday as Greece's parliament prepared to vote on a controversial tax and pensions overhaul which has sparked mass opposition. Police said almost 15,000 people turned out to march in Athens and the
Published 09 May, 2016 12:00am
Hedge funds ready to bet on Greek 'resurrection'
Currency

Hedge funds ready to bet on Greek 'resurrection'

Some hedge funds are eyeing investments in Greek stocks and debt they see as cheap, predicting a recovery after seven years of crisis even while politicians continue to wrangle over reforms needed to secure more aid.
Published 09 May, 2016 12:00am
Hedge funds ready to bet on Greek 'resurrection'
Currency

Hedge funds ready to bet on Greek 'resurrection'

Some hedge funds are eyeing investments in Greek stocks and debt they see as cheap, predicting a recovery after seven years of crisis even while politicians continue to wrangle over reforms needed to secure more aid.
Published 09 May, 2016 12:00am
Adding China's yuan to FX settlement system will take years
Currency

Adding China's yuan to FX settlement system will take years

Integrating China's yuan with global settlement system CLS will take years, despite a pressing need in the world's $5 trillion a day foreign exchange market, although the firm's Asia head says she is gradually getting through to policymakers.
Published 09 May, 2016 12:00am
Gulf markets rise, government reshuffle buoys Saudi index

Gulf markets rise, government reshuffle buoys Saudi index

Most major Gulf stock markets rose on Sunday in response to a modest recovery on Wall Street and in oil prices at the end of last week, while a sweeping reorganisation of Saudi Arabia's economic policy-making apparatus boosted shares there.
Published 09 May, 2016 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 78.40-78.40 (previous 78.40-78.40).
Published 09 May, 2016 12:00am
Druckenmiller says US stock bull market 'exhausting itself'

Druckenmiller says US stock bull market 'exhausting itself'

Stanley Druckenmiller, chief executive of Duquesne Family Office LLC, said on Wednesday he is bearish on the US stock market, given the negative impact of the US Federal Reserve and China's monetary policies on global growth. Druckenmiller, who acquired e
Published 09 May, 2016 12:00am
Ireland issues first ever 100-year debt

Ireland issues first ever 100-year debt

Ireland issued 100-year debt for the first time on Wednesday, raising 100 million euros at a yield of 2.35 percent, marginally above the rate at which it sold three-month paper on its return to bond markets just four years ago.
Published 09 May, 2016 12:00am
Ireland issues first ever 100-year debt

Ireland issues first ever 100-year debt

Ireland issued 100-year debt for the first time on Wednesday, raising 100 million euros at a yield of 2.35 percent, marginally above the rate at which it sold three-month paper on its return to bond markets just four years ago.
Published 09 May, 2016 12:00am
HSBC plans 'busy' three years of bond sales

HSBC plans 'busy' three years of bond sales

HSBC said it expects to be "pretty busy" every quarter for the next three years as it faces having to issue up to US $70bn of debt to meet new capital adequacy regulations. HSBC sold US $10.5bn-equivalent of senior bonds in late-February and through March
Published 09 May, 2016 12:00am
HSBC plans 'busy' three years of bond sales

HSBC plans 'busy' three years of bond sales

HSBC said it expects to be "pretty busy" every quarter for the next three years as it faces having to issue up to US $70bn of debt to meet new capital adequacy regulations. HSBC sold US $10.5bn-equivalent of senior bonds in late-February and through March
Published 09 May, 2016 12:00am
New 'cable' trading: tech could boost landlocked FX cities
Currency

New 'cable' trading: tech could boost landlocked FX cities

The dominance of financial centres such as London, New York and Tokyo in the $5 trillion-a-day global currency market may face challenges from landlocked cities as new technology erodes the advantage offered by high-speed undersea cables.
Published 09 May, 2016 12:00am
Province of Neuquen kicks off Argentina supply spree

Province of Neuquen kicks off Argentina supply spree

A US $235 million 12-year bond from the Province of Neuquen got the ball rolling on Thursday for what is expected to be a rush of new issues from Argentinean borrowers after the sovereign's success with its jumbo bond in late April.
Published 09 May, 2016 12:00am
Province of Neuquen kicks off Argentina supply spree

Province of Neuquen kicks off Argentina supply spree

A US $235 million 12-year bond from the Province of Neuquen got the ball rolling on Thursday for what is expected to be a rush of new issues from Argentinean borrowers after the sovereign's success with its jumbo bond in late April.
Published 09 May, 2016 12:00am
Wall Street week ahead: If trend stands, consumer stocks to boost market

Wall Street week ahead: If trend stands, consumer stocks to boost market

The US stock market could get a shot in the arm next week as consumer-facing companies report earnings in a season in which the sector has so far been the overachiever. First-quarter earnings are winding down and the consumer discretionary components of t
Published 09 May, 2016 12:00am
Yemen peace talks struggle as air strikes shake truce

Yemen peace talks struggle as air strikes shake truce

Yemen's Houthi movement accused a Saudi-led coalition of launching air strikes that killed seven people on Sunday, shaking a truce that has largely held through more than two weeks of UN-backed peace talks in Kuwait.
Published 09 May, 2016 12:00am
Mercury poised for rare 'transit' across sun's face on Monday

Mercury poised for rare 'transit' across sun's face on Monday

Stargazers will have a rare opportunity on Monday to witness Mercury fly directly across the face of the sun, a sight that unfolds once every 10 years or so, as Earth and its smaller neighbouring planet come into perfect alignment.
Published 09 May, 2016 12:00am
Strolling and selfies as Paris' Champs-Elysees goes car-free

Strolling and selfies as Paris' Champs-Elysees goes car-free

The sight of cars thundering down Paris's most famous boulevard was replaced Sunday by people strolling, cycling and taking selfies in the sun as the Champs-Elysees went traffic-free. The first instalment of a monthly series of pedestrian-only days was ha
Published 09 May, 2016 12:00am
Eight policemen killed near Cairo in attack claimed by IS

Eight policemen killed near Cairo in attack claimed by IS

Eight policemen were shot dead on Cairo's southern outskirts in an attack claimed Sunday by the Islamic State group, one of its deadliest in mainland Egypt. The interior ministry said four assailants in a truck intercepted a van carrying the policemen in
Published 09 May, 2016 12:00am
20 killed, mostly children, by Rwanda landslides

20 killed, mostly children, by Rwanda landslides

At least 20 people, many of them children, were killed overnight by devastating landslides in northern Rwanda triggered by torrential rainstorms, the disaster management ministry said Sunday. "Up until now we have counted at least 20 dead in landslides th
Published 09 May, 2016 12:00am
41 workers missing after China landslide

41 workers missing after China landslide

More than 400 rescuers were mobilised to search for 41 people missing after a landslide engulfed workers at a construction site in south-eastern China early Sunday, state media reported. A torrent of mud buried a temporary shed used by workers building a
Published 09 May, 2016 12:00am
Australian PM calls election for July 2

Australian PM calls election for July 2

Australian Prime Minister Malcolm Turnbull Sunday called an election for both houses of parliament on July 2 as he seeks his own mandate with the public just eight months after deposing predecessor Tony Abbott in a party coup.
Published 09 May, 2016 12:00am
Three journalists return to Spain after Syria kidnapping

Three journalists return to Spain after Syria kidnapping

Three Spanish journalists who had been held hostage in Syria by an al Qaeda-linked group returned on Sunday to Madrid where they were welcomed by overjoyed family members after nearly a year in captivity. Antonio Pampliega, Jose Manuel Lopez and Angel Sas
Published 09 May, 2016 12:00am
Turkish army kills 55 IS members in Syria

Turkish army kills 55 IS members in Syria

Turkish forces launched a salvo of artillery strikes on northern Syria that killed 55 members of the Islamic State group, Turkish news agencies reported on Sunday. Artillery units stationed near the border struck IS group targets near Aleppo on Saturday e
Published 09 May, 2016 12:00am
India bus crash kills 14 after road collapse

India bus crash kills 14 after road collapse

An overcrowded minibus fell into a deep gorge in India's northern Himalayan region after a portion of the road caved in, killing 14 people, an official said Sunday.
Published 09 May, 2016 12:00am
Government urged to allocate funds for big reservoirs

Government urged to allocate funds for big reservoirs

President, Multan Chamber of Commerce & Industry (MCCI), Fareed Mughis Sheikh, has urged the government to allocate adequate funds in the federal budget for construction of big reservoirs. He said that the policy makers would have to understand that econo
Published 09 May, 2016 12:00am
MCCI concerned over hike in gas tariff

MCCI concerned over hike in gas tariff

The business community of the Southern Punjab has urged upon the government to make the business viable in Pakistan so that our products could compete Bangladesh, India, Thailand, and China. President of Multan Chamber of Commerce and Industry (MCCI) Fare
Published 09 May, 2016 12:00am
PTI leader steps up pressure on government

PTI leader steps up pressure on government

Pakistan Tehreek-e-Insaf leader and former governor Punjab Chaudhry Muhammad Sarwar has said that corruption has become the 'norm' with the leaders. Political parties will invite their political death by standing with PML-N. Significant majority of rulers
Published 09 May, 2016 12:00am
Rulers to land in jail anytime soon: JI chief

Rulers to land in jail anytime soon: JI chief

Chief of Jamaat-e-Islami, Pakistan, Senator Sirajul Haq, has said that the Adyala jail was being given a fresh look these days and the emperors of today along with their princes would soon be there handcuffed. According to media cell Lahore he was address
Published 09 May, 2016 12:00am
200kg of meat seized in Faisalabad

200kg of meat seized in Faisalabad

Livestock Department on Sunday seized 200kg substandard meat during raid in Faisalabad. The raid was conducted following the efforts by the provincial authorities to nab criminals involved in selling of stale and unhygienic meat, reported a private news c
Published 09 May, 2016 12:00am
Dar chairs Law Review Committee

Dar chairs Law Review Committee

Finance Minister, Senator Mohammad Ishaq Dar chaired meeting of the Laws Review Committee here Sunday. The meeting had detailed deliberations on the Draft Amendment Bill relating to appointment of members of the Election Commission of Pakistan and other a
Published 09 May, 2016 12:00am
Afghans among 80 suspects arrested

Afghans among 80 suspects arrested

At least 80 suspected people including three Afghan nationals were arrested during search operations in different areas of Peshawar and Charsadda districts. The detained Afghan nationals were living without legal documents. Illegal arms and drugs were als
Published 09 May, 2016 12:00am
KP government to set up technical university in Nowshera: Ghani

KP government to set up technical university in Nowshera: Ghani

Special Assistant to Chief Minister Khyber Pakhtunkhwa on Information and Higher Education Mushtaq Ahmad Ghani on Sunday said that present provincial government had decided to establish fist ever technical university in Nowshera and Pak-Austria Fachhochsc
Published 09 May, 2016 12:00am
Hawksbay Scheme 42: corruption blamed for snail-paced development

Hawksbay Scheme 42: corruption blamed for snail-paced development

Alleged mega corruption in the Hawksbay Scheme 42 of Lyari Development Authority (LDA) needs urgent attention of anti-corruption watchdogs including Federal Investigation Agency (FIA) and National Accountability Bureau (NAB), as corrupt elements are sitti
Published 09 May, 2016 12:00am
Allocation of public funds: PM House rejects allegations

Allocation of public funds: PM House rejects allegations

The spokesman of Prime Minister House has rejected the allegations that public funds allocated for private building in Murree. In a statement issued on Sunday, PM House spokesman said that government had allocated funds for renovation and decoration of Go
Published 09 May, 2016 12:00am
Militancy-hit region: KPCCI chief demands special incentives

Militancy-hit region: KPCCI chief demands special incentives

President, Khyber Pakhtunkhwa Chamber of Commerce and Industry (KPCCI), Zulfiqar Ali Khan has demanded of federal and provincial governments for announcing special incentive packages for promotion of industries and trade in the militancy affected Khyber P
Published 09 May, 2016 12:00am
Korean team visits NARC

Korean team visits NARC

An eight-member delegation from Korea Rural Community Corporation (KRC), led by Lee Bonghoon, Chairman Korean National Committee on Irrigation and Drainage (KCID) visited here at National Agricultural Research Centre (NARC) for cooperation in agriculture
Published 09 May, 2016 12:00am
Saaf Pani Project: Ads should be carried by foreign media: Shahbaz

Saaf Pani Project: Ads should be carried by foreign media: Shahbaz

Punjab Chief Minister Shahbaz Sharif has said that Saaf Pani Project is of paramount importance and Punjab government is spending billions of rupees on provision of clean drinking water to the citizens. He said that Saaf Pani Project will be completed und
Published 09 May, 2016 12:00am
US flight delayed after economist's equations alarm passenger

US flight delayed after economist's equations alarm passenger

It could be a case of racial profiling - or doing math in the wrong place at the wrong time. A noted economics professor was questioned by security after a fellow passenger reported that he was suspicious, scribbling intently on a notepad in what appeared
Published 09 May, 2016 12:00am
US flight delayed after economist's equations alarm passenger

US flight delayed after economist's equations alarm passenger

It could be a case of racial profiling - or doing math in the wrong place at the wrong time. A noted economics professor was questioned by security after a fellow passenger reported that he was suspicious, scribbling intently on a notepad in what appeared
Published 09 May, 2016 12:00am
Each firm should hire one jobless person: Erdogan

Each firm should hire one jobless person: Erdogan

Turkish President Recep Tayyip Erdogan on Sunday came up with a novel scheme to rein in the country''s high unemployment levels, saying that every company should take on one unemployed person. Turkey''s main private sector organisation, the Union of Chamb
Published 09 May, 2016 12:00am
Each firm should hire one jobless person: Erdogan

Each firm should hire one jobless person: Erdogan

Turkish President Recep Tayyip Erdogan on Sunday came up with a novel scheme to rein in the country's high unemployment levels, saying that every company should take on one unemployed person. Turkey's main private sector organisation, the Union of Chamber
Published 09 May, 2016 12:00am
Each firm should hire one jobless person: Erdogan

Each firm should hire one jobless person: Erdogan

Turkish President Recep Tayyip Erdogan on Sunday came up with a novel scheme to rein in the country's high unemployment levels, saying that every company should take on one unemployed person. Turkey's main private sector organisation, the Union of Chamber
Published 09 May, 2016 12:00am
Afghanistan hangs six prisoners in tough anti-Taliban push

Afghanistan hangs six prisoners in tough anti-Taliban push

Afghanistan on Sunday hanged six Taliban-linked inmates, the government said, in the first set of executions carried out as part of President Ashraf Ghani's new hard-line policy against the insurgents. Ghani carried out his threat to execute militants aft
Published 09 May, 2016 12:00am
Afghanistan hangs six prisoners in tough anti-Taliban push

Afghanistan hangs six prisoners in tough anti-Taliban push

Afghanistan on Sunday hanged six Taliban-linked inmates, the government said, in the first set of executions carried out as part of President Ashraf Ghani's new hard-line policy against the insurgents. Ghani carried out his threat to execute militants aft
Published 09 May, 2016 12:00am
Afghan road crash inferno leaves at least 73 dead

Afghan road crash inferno leaves at least 73 dead

At least 73 people were killed Sunday when two passenger buses and an oil tanker burst into flames in a head-on collision in eastern Afghanistan, health officials said, in one of the worst road accidents in the war-battered nation. Many of the dead, inclu
Published 09 May, 2016 12:00am
Afghan road crash inferno leaves at least 73 dead

Afghan road crash inferno leaves at least 73 dead

At least 73 people were killed Sunday when two passenger buses and an oil tanker burst into flames in a head-on collision in eastern Afghanistan, health officials said, in one of the worst road accidents in the war-battered nation. Many of the dead, inclu
Published 09 May, 2016 12:00am
'Every day is Mothers' Day in Muslim society'

'Every day is Mothers' Day in Muslim society'

In a Muslim society, every day is considered as the mothers' day. This was stated by the wife of the President, Begum Mahmooda Mamnoon Hussain. She was speaking on the occasion of Mothers' Day, organised by the South Zone of the Karachi Chamber of Commerc
Published 09 May, 2016 12:00am
EU delegates briefed about Green Pakistan Programme

EU delegates briefed about Green Pakistan Programme

Federal Minister for Law, Justice and Climate Change Zahid Hamid held a meeting on implementation of Paris Agreement with Jean-Francois Cautain, Ambassador of the European Union Delegation to Pakistan and Martine Dorance, Ambassador of France at the Minis
Published 09 May, 2016 12:00am
PM should clear his position in parliament: SIC

PM should clear his position in parliament: SIC

The Sunni Ittehad Council held a big rally named Roshan Pakistan on the Mall Road here on Sunday and called upon Prime Minister Nawaz Sharif to clear his position in the Parliament with regard to Panama Leaks Papers.
Published 09 May, 2016 12:00am
Sale of F-16 jets: issue will be resolved soon: Aizaz

Sale of F-16 jets: issue will be resolved soon: Aizaz

Foreign Secretary Aizaz Ahmed Chaudhry on Sunday said Pakistan had achieved immense success in the war against terrorism. Pakistan was a main coalition partner of the United States in the war against terrorism and both countries enjoyed good relations, he
Published 09 May, 2016 12:00am
Online driving license system to ease applicants

Online driving license system to ease applicants

On the special directives of Inspector General of Police (IGP) Sindh AD Khawaja, Karachi Driving Licence Department (KDLD) would be made centralised office to facilitate new applicants applying for learner driving licences, said DIG Licence Mazhar Nawaz S
Published 09 May, 2016 12:00am
Green Line Bus to mitigate sufferings of commuters

Green Line Bus to mitigate sufferings of commuters

Work on Green Line Bus (GLB) project announced by Prime Minister Mian Nawaz Sharif goes n rapidly and it will complete next year. The bus project will considerably mitigate the sufferings of commuters of Karachi and the Karachiites feel indebted to the fe
Published 09 May, 2016 12:00am
Opposition summons meeting today to devise strategy

Opposition summons meeting today to devise strategy

The combined opposition would chalk out its future discourse today (Monday) following the government and its allied parties rejected the terms of references (ToRs) it had sent to Prime Minister Nawaz Sharif for formation of a judicial commission to invest
Published 09 May, 2016 12:00am
Opposition summons meeting today to devise strategy

Opposition summons meeting today to devise strategy

The combined opposition would chalk out its future discourse today (Monday) following the government and its allied parties rejected the terms of references (ToRs) it had sent to Prime Minister Nawaz Sharif for formation of a judicial commission to invest
Published 09 May, 2016 12:00am
Second issue of 'Leaks' likely today

Second issue of 'Leaks' likely today

The second instalment of Panama Papers involving more than 400 Pakistanis who own offshore companies is likely to be released (Monday) today. The Leaks are a searchable database by the International Consortium of Investigative Journalists (ICIJ) with info
Published 09 May, 2016 12:00am
Second issue of 'Leaks' likely today

Second issue of 'Leaks' likely today

The second instalment of Panama Papers involving more than 400 Pakistanis who own offshore companies is likely to be released (Monday) today. The Leaks are a searchable database by the International Consortium of Investigative Journalists (ICIJ) with info
Published 09 May, 2016 12:00am
OIC delegation on Kashmir visiting Pakistan

OIC delegation on Kashmir visiting Pakistan

OIC Secretary General's Special Representative on Jammu and Kashmir, Ambassador Abdullah Alim is visiting Pakistan and Azad Jammu and Kashmir from May 8 to 12, 2016 on the invitation of the Advisor to the Prime Minister on Foreign Affairs.
Published 09 May, 2016 12:00am
OIC delegation on Kashmir visiting Pakistan

OIC delegation on Kashmir visiting Pakistan

OIC Secretary General's Special Representative on Jammu and Kashmir, Ambassador Abdullah Alim is visiting Pakistan and Azad Jammu and Kashmir from May 8 to 12, 2016 on the invitation of the Advisor to the Prime Minister on Foreign Affairs.
Published 09 May, 2016 12:00am
Heavy activity Witnessed

Heavy activity Witnessed

Banking and oil stocks were the major drivers as Pakistan equities moved northward to increase 3.6 percent during the week that ended on Friday, May 6. Benchmark KSE-100 index settled at 35,974 points amid heavy trading activity led primarily by investors
Published 09 May, 2016 12:00am
Heavy activity Witnessed

Heavy activity Witnessed

Banking and oil stocks were the major drivers as Pakistan equities moved northward to increase 3.6 percent during the week that ended on Friday, May 6. Benchmark KSE-100 index settled at 35,974 points amid heavy trading activity led primarily by investors
Published 09 May, 2016 12:00am
Heavy activity Witnessed

Heavy activity Witnessed

Banking and oil stocks were the major drivers as Pakistan equities moved northward to increase 3.6 percent during the week that ended on Friday, May 6. Benchmark KSE-100 index settled at 35,974 points amid heavy trading activity led primarily by investors
Published 09 May, 2016 12:00am
Growers, exporters: WTO agrees to provide tech assistance

Growers, exporters: WTO agrees to provide tech assistance

The World Trade Organisation (WTO) has agreed to provide technical assistance to Pakistani growers and exporters on Sanitary and Phytosanitary (SPS) regime. According to a senior official of Ministry of Commerce one issue which cropped up in all key meeti
Published 09 May, 2016 12:00am
Growers, exporters: WTO agrees to provide tech assistance

Growers, exporters: WTO agrees to provide tech assistance

The World Trade Organisation (WTO) has agreed to provide technical assistance to Pakistani growers and exporters on Sanitary and Phytosanitary (SPS) regime. According to a senior official of Ministry of Commerce one issue which cropped up in all key meeti
Published 09 May, 2016 12:00am
Growers, exporters: WTO agrees to provide tech assistance

Growers, exporters: WTO agrees to provide tech assistance

The World Trade Organisation (WTO) has agreed to provide technical assistance to Pakistani growers and exporters on Sanitary and Phytosanitary (SPS) regime. According to a senior official of Ministry of Commerce one issue which cropped up in all key meeti
Published 09 May, 2016 12:00am
Growers, exporters: WTO agrees to provide tech assistance

Growers, exporters: WTO agrees to provide tech assistance

The World Trade Organisation (WTO) has agreed to provide technical assistance to Pakistani growers and exporters on Sanitary and Phytosanitary (SPS) regime. According to a senior official of Ministry of Commerce one issue which cropped up in all key meeti
Published 09 May, 2016 12:00am
China to help Pakistan reduce poverty: Lou

China to help Pakistan reduce poverty: Lou

Chinese Finance Minister Lou Jiwei disclosed that China will donate 100 million US dollars to the 11th replenishment of the Asian Development Fund to help low-income members of Asian Development Bank (ADB) including Pakistan in reducing poverty.AIIB and A
Published 09 May, 2016 12:00am
China to help Pakistan reduce poverty: Lou

China to help Pakistan reduce poverty: Lou

Chinese Finance Minister Lou Jiwei disclosed that China will donate 100 million US dollars to the 11th replenishment of the Asian Development Fund to help low-income members of Asian Development Bank (ADB) including Pakistan in reducing poverty.AIIB and A
Published 09 May, 2016 12:00am
China to help Pakistan reduce poverty: Lou

China to help Pakistan reduce poverty: Lou

Chinese Finance Minister Lou Jiwei disclosed that China will donate 100 million US dollars to the 11th replenishment of the Asian Development Fund to help low-income members of Asian Development Bank (ADB) including Pakistan in reducing poverty.AIIB and A
Published 09 May, 2016 12:00am
THE RUPEE: slight recovery
Currency

THE RUPEE: slight recovery

A modest recovery was seen in the value of the rupee versus the dollar on the money market during the week, ended on 07, 2017. In the interbank market, the rupee picked up seven paisas in relation to the dollar for buying and selling at Rs 104.69 and Rs 1
Published 09 May, 2016 12:00am
THE RUPEE: slight recovery
Currency

THE RUPEE: slight recovery

A modest recovery was seen in the value of the rupee versus the dollar on the money market during the week, ended on 07, 2017. In the interbank market, the rupee picked up seven paisas in relation to the dollar for buying and selling at Rs 104.69 and Rs 1
Published 09 May, 2016 12:00am
London mayor condemns 'Trump-style' attacks

London mayor condemns 'Trump-style' attacks

London's new Muslim mayor Sadiq Khan accused Prime Minister David Cameron on Sunday of using "Donald Trump playbook" tactics to try to divide communities in a bid to prevent his election. The day after being sworn in with a promise to be "mayor for all Lo
Published 09 May, 2016 12:00am
London mayor condemns 'Trump-style' attacks

London mayor condemns 'Trump-style' attacks

London's new Muslim mayor Sadiq Khan accused Prime Minister David Cameron on Sunday of using "Donald Trump playbook" tactics to try to divide communities in a bid to prevent his election. The day after being sworn in with a promise to be "mayor for all Lo
Published 09 May, 2016 12:00am
The Weather

The Weather

The weather report on Sunday (May 01, 2016) and the forecast for Monday (May 02, 2016).

Published 09 May, 2016 12:00am
Your rupee last week
Currency

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (May 2 to 6, 2016).

Published 09 May, 2016 12:00am
CPEC to help improve GB's economic prospects: CM

CPEC to help improve GB's economic prospects: CM

Gilgit Baltistan Chief Minister, Hafiz Hafeezur Rehman has said China-Pakistan Economic Corridor (CPEC) would have a positive impact on the country as it would transform Gilgit-Baltistan (GB) into an investment haven. He asked the private sector to take i
Published 09 May, 2016 12:00am
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