Vigorous and focused negotiations should be made with Chinese government to get maximum benefits for local industry during industrialisation phase of China Pakistan Economic Corridor (CPEC), said President Faisalabad Chamber of Commerce & Industry (FCCI)
Chief Executive Officer (CEO) Small and Medium Enterprises (Smeda) Sher Ayub Khan on Thursday said that keeping in view the importance of China Pakistan Economic Corridor (CPEC) for the development of Pakistan in general and SMEs in particular, Smeda had
District Administration and District Civil Defence department jointly arranged an awareness walk to mark the International Civil Defence Day here on Thursday to highlight the significance and importance of the civil defence. The walk was led by Deputy Com
Following the PTCL Group's latest financial results' announcement, BR Research sat down again with the PTCL chief in Islamabad. The discussion, whose edited excerpts are produced below, focused on the telecom giant's plans for CY18. It has been nearly two
Following the PTCL Group's latest financial results' announcement, BR Research sat down again with the PTCL chief in Islamabad. The discussion, whose edited excerpts are produced below, focused on the telecom giant's plans for CY18. It has been nearly two
The provincial legislators on Thursday celebrated the Hindu festival - Holi in the vicinity of Sindh Assembly. The legislators cut a cake and sprinkled the traditional colours of Holi on one another. The Speaker Sindh Assembly, Aga Siraj Khan Durrani, cut
The complaint cell established at the Sindh Chief Minister's CM House, has received 898 complaints against different departments and agencies of utility services during the first two months (January and February) of 2018. The Cell-919, resolved 822 compla
Pak Suzuki Motor Co Ltd has revised the retail prices of its automobiles from March 1, 2018. According to dealers, the company, which earlier revised the retail prices of its automobiles in January 2018, has abruptly made further revision in a short span
Minister of State for Finance and Economic Affairs, Rana Muhammad Afzal Khan has said that all stake-holders will be taken into confidence on budget 2018-19 and every possible measure will be taken for the betterment of trade and industry. Addressing a Se
Gold prices fell about 1 percent on Thursday and hit two-month lows during the session, pressured as the dollar shot to a six-week high and investors braced for expected US interest rate hikes after Federal Reserve Chairman Jerome Powell testified before
US wheat futures rose for the sixth day in a row on Thursday, with new forecasts calling for extended dryness in the US Plains pushing prices to fresh 7-1/2-month highs, traders said. Soyabean futures firmed to a 13-month high on signs of strong export da
Gold fell to a two-month low on Thursday, extending losses for a third day after comments from Federal Reserve Chairman Jerome Powell this week shored up expectations for further increases in US interest rates and held the dollar near a six-week peak. In
Gold prices fell to a three-week low on Thursday, weighed down by a stronger dollar, while investors awaited the second session of Federal Reserve Chairman Jerome Powell's testimony before the Senate Banking Committee later in the global day.
Gold prices steadied on Wednesday after the previous session's more than 1 percent fall following comments by the Federal Reserve's new chairman that fuelled views the US central bank would raise rates four times this year rather than three.
London cocoa futures climbed to a three-month peak on Thursday, buoyed by a weak British currency and diminished crop prospects in top grower Ivory Coast. Raw sugar extended the prior session's strong advance. May London cocoa was up 8 pounds, or 0.5 perc
Malaysian palm oil futures snapped their winning streak on Thursday, with traders pointing to profit-taking that added to price pressure from weakness in US soyaoil. The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchan
Benchmark Tokyo rubber futures slipped on Thursday after Shanghai futures pared some of their earlier gains and as a firmer yen against the US dollar weighed on market sentiment. The Tokyo Commodity Exchange (TOCOM) rubber contract for August delivery fin
Oil fell more than 1 percent on Thursday, hitting two-week lows on pressure from a strong dollar and worries that surging US crude output might thwart Opec's efforts to drain global supply. Rebounding stock prices on Wall Street helped crude futures bounc
Exxon Mobil Corp will exit some joint ventures with Russia's Rosneft, citing Western sanctions first imposed in 2014, in a move that the Russian company said would result in serious losses for its US partner. Rosneft said it would welcome Exxon's return t
Lead prices touched their lowest in 2-1/2 months on Thursday, with other industrial metals also under pressure from a stronger dollar and general risk aversion that also hit global equities. "Metals are following the macro trends, especially the US dollar
Shanghai copper prices fell for a fourth day on Thursday, posting their lowest close in more than two weeks, as the dollar hit a six-week high and most global stock markets declined. The most-traded copper contract on the Shanghai Futures Exchange ended d
President Vladimir Putin on Thursday launched what appeared to be the start of a new arms race with Washington, as he boasted of a new generation of "invincible" Russian weapons developed in response to the threat posed by the United States. Putin praised
The Pentagon on Thursday brushed off Russian President Vladimir Putin's boast of developing "invincible" missiles, claiming the United States was fully prepared for anything that might come its way. "We are not surprised by (Putin's) statement, and the Am
Heavy snowfall and deadly blizzards lashed Europe Thursday, forcing airports to cancel or delay flights around the continent, as a deep freeze gripped countries from the far north to Mediterranean beaches in the south. The snowstorms, unusual for much of
Venezuela's presidential election, which was set to be held on April 22, has been pushed back to the second half of May, the country's electoral body said Thursday. The National Electoral Council (CNE) announced the postponement in a statement but did not
The German government's IT network is under an "ongoing" cyberattack", the parliamentary committee on intelligence affairs said Thursday, without confirming a media report that Russian hackers were behind the assault. "It is a real cyberattack on parts of
Prince William will be the first senior British royal to make an official visit to Israel and the Palestinian Territories, as part of a tour announced Thursday by Kensington Palace which will also take in Jordan. The visit this summer by the second in lin
The United Nations said Thursday it hoped aid convoys could head into Syria's besieged rebel-held enclave of Eastern Ghouta within days, after the Damascus government appeared to have finally provided authorisation. "We may now be able to go to Eastern Gh
Online platforms should take down "terrorist content" within an hour of it being reported, the EU said Thursday in new recommendations to internet companies to stem the flow of harmful content on the web. Brussels is looking for ways to combat online extr
French far-right leader Marine Le Pen was charged on Thursday for posting on Twitter gruesome images of purported atrocities by Islamic State jihadists, prosecutors said. The move by a judge in Nanterre, just outside Paris, came after the National Assembl
Despite fierce opposition from inside the White House, US President Donald Trump announced punishing steel and aluminium tariffs Thursday, teeing up a possible trade war with China and Europe. Trump ended rumour and counter-rumour about his administration
Despite fierce opposition from inside the White House, US President Donald Trump announced punishing steel and aluminium tariffs Thursday, teeing up a possible trade war with China and Europe. Trump ended rumour and counter-rumour about his administration
Turkey will donate $5 million (4.1 million euros) to a fledgling force of five nations battling terrorism and trafficking in the Sahel, President Recep Tayyip Erdogan announced during a visit to Mauritania. The G5 force, gathering Burkina Faso, Chad, Mali
Uzbekistan and Tajikistan on Thursday celebrated the re-opening of a long-neglected railway and several border posts, pointing to a thaw in frosty bilateral ties, Tajikistan's foreign ministry said. Over the past months, Uzbek President Shavkat Mirziyoyev
David Warner and Steve Smith hit half-centuries but Australia were unable to dominate South Africa's bowling attack on the first day of the first Test at Kingsmead on Thursday. Australia, who won the toss and batted on an easy-paced pitch, were 225 for fi
Scores of horse lovers thronged University of Agriculture Faisalabad (UAF) to have the delight of four-day national tent championship began at the Tent Pegging Stadium, UAF on Thursday. UAF Vice Chancellor Dr Muhammad Iqbal Zafar and Deputy Commissioner S
Third-seeded Austrian Dominic Thiem powered into the quarter-finals of the Mexican Open in Acapulco on Wednesday with a 6-2, 6-3 triumph over rising Canadian star Denis Shapovalov. Thiem, the 2016 champion in Acapulco, didn't face a break point in his 75
Star all-rounder Ben Stokes has revealed his pain at missing England's Ashes campaign after being sidelined over an alleged fight outside a nightclub. The incident meant he was unable to join his teammates in Australia, but the 26-year-old hit form Wednes
Urooj Khan clinched double crowns in Khyber Pakhtunkhwa Director Youth Badminton Championship after winning Women Singles and Mixed Doubles here Thursday. Director General (DG) Sports Junaid Khan was the chief guest on this occasion. Director Development
Angel Di Maria grabbed two goals as Paris Saint-Germain downed fierce rivals Marseille 3-0 on Wednesday to reach the French Cup semi-finals, hours after the club confirmed Neymar will undergo surgery on his fractured foot. The Argentina international repl
FIFA president Gianni Infantino said on Thursday that a two-year diplomatic rift between Saudi Arabia and Iran should not be allowed to get in the way of football. Saudi clubs have refused to play in Iran since the kingdom broke off relations in January 2
The 3rd edition of the Khyber Pakhtunkhwa Under-23 Female Games got under way at scenic Kohat Sports Complex grounds amidst tight security with great enthusiasm witnessed in 450 female players' part of the Games. Deputy Commissioner (DC) Kohat, Khalid Ily
Brazilian superstar Neymar flew into Rio de Janeiro early Thursday ahead of an operation on his fractured foot that will sideline him for up to three months, casting a long shadow over Paris Saint-Germain and Brazil's World Cup preparations. The world's m
Tunisian outsider Malek Jaziri continued his surprise run at the Dubai Championships by beating Greek Stefanos Tsitsipas on Thursday to reach the semi-finals. The 34-year-old wildcard will next face third seed Roberto Bautista Agut, who beat Croatian Born
Liverpool have pledged to back boss Jurgen Klopp in the transfer market after their accounts returned to profit with a £39 million ($53 million, 44 million euros) surplus recorded in the latest financial results. The Reds had made a £21 million loss for t
Kevin Pietersen said he now gets on "really well" with Andrew Strauss as he wished the wife of his fellow former England captain a full recovery from cancer. Strauss had a chequered relationship with star batsman Pietersen after taking over the England ca
US consumer prices increased in January, with a gauge of underlying inflation posting its largest gain in 12 months, bolstering views that price pressurres will accelerate this year Inflation is also likely to get a lift from a tightening labour market. O
Japan's prime minister was forced into an embarrassing climbdown over a key plank of his economic policy Thursday after data he put forward to support it were discovered to be riddled with errors. A red-faced Shinzo Abe apologised to parliament and "accep
Europe's economic recovery remains on track, with eurozone unemployment at its lowest level since December 2008, official figures showed Thursday. The EU's official statistics agency announced that the jobless rate in the single currency area stood at 8.6
Ethiopia on Thursday acquired a stake in a port in the breakaway state of Somaliland, its operator DP World said, as a legal dispute rages over another major Horn of Africa shipping hub. Dubai-based DP World last week accused Djibouti of illegally seizing
The US economy is showing no signs of overheating, so the job market can continue to tighten without generating troubling inflation, US central bank chief Jerome Powell said Thursday. After his comments highlighting the strengthening economy roiled financ
German auto giant Daimler, owner of Mercedes-Benz, said Thursday it will take full ownership of car-sharing service Car2Go Europe, buying out its long-standing joint venture partner, Europcar. Daimler, which already owns 75 percent of Car2Go Europe, said
Britain's economy kept on its steady but slow course at the start of 2018, just over a year before the country is due to leave the European Union, as growth across factories cooled to an eight-month low and lending to consumers slowed. The IHS Markit/CIPS
International Monetary Fund Managing Director Christine Lagarde said she saw positive and negative effects from a "complicated" US tax overhaul, including a near-term growth bump that risks overheating the US economy and a problematic rise in debt. Lagard
New tensions between Moscow and Kiev flared Thursday after Russia's Gazprom said it will not restart gas supplies to Ukraine and Naftogaz accusing its counterpart of violating agreements. The March shipments would have become the first Russian supplies to
Equifax Inc, a provider of consumer credit scores, on Thursday said it found another 2.4 million US consumers hit by a data breach last year, bringing the total to 147.9 million. The company said the latest batch of consumers affected had their names and
Renault, Nissan and Mitsubishi said Thursday they would deepen their alliance as they sought to cut costs and increase output and remain the world's top car manufacturing group. While the automakers have cooperated for some time in a number of areas, the
Wall Street's main indexes swung between gains and losses on Thursday after Federal Reserve chair Jerome Powell said the central bank does not see strong evidence of wage inflation. In his second congressional testimony, Powell also said there is no evide
UK shares fell on Thursday after advertising giant WPP reported its worst results since the financial crisis and a gauge of British factory activity fell to its weakest in eight months. Investors have been on edge in recent weeks over concerns that rising
Most Southeast Asian stock markets slipped on Thursday after Wall Street tumbled overnight on revived fears of more rate hikes than expected this year. Federal Reserve Chairman Jerome Powell, in his first public appearance as head of the Fed, vowed at a c
European shares slid on Thursday as a flurry of uninspiring earnings updates from retailer Carrefour and advertiser WPP kept the mood downbeat, while broader jitters over tightening monetary policy spilled over into a new month. The pan-European STOXX 600
China stocks recouped earlier losses to end higher on Thursday, after a private survey showed the country's factory growth rose to a six-month high in February. Sentiment also got underpinned by expectations Beijing tends to maintain stability in the fina
Hong Kong shares rebounded on Thursday after two days of sharp falls, with news regarding a probe into CEFC China Energy chairman had limited impact on market sentiment. CEFC Chairman Ye Jianming has been investigated for suspected economic crimes, a pers
The spread between short- and longer-dated US Treasury yields shrank further on Wednesday after Federal Reserve Chairman Jerome Powell's optimistic outlook on the economy raised bets the US central bank may raise interest rates faster. Typical month-end b
The spread between short- and longer-dated US Treasury yields shrank further on Wednesday after Federal Reserve Chairman Jerome Powell's optimistic outlook on the economy raised bets the US central bank may raise interest rates faster. Typical month-end b
Major Middle Eastern stock markets mostly fell on Thursday after oil prices slipped more than two percent overnight and global bourses dropped, although buying by local institutions helped Qatar rebound slightly from its steep fall on Wednesday. The Qatar
US stocks sold off late to end sharply lower on Wednesday, dragged down by continued worries over rising interest rates, and the Dow and S&P 500 capped their worst months since January 2016. The S&P 500 and the Dow also snapped a 10-month winning streak,
Tokyo stocks closed lower Thursday with investors locking in profits as the yen strengthened and after heavy Wall Street losses fuelled by worries about rising interest rates. The benchmark Nikkei 225 index fell 1.56 percent, or 343.77 points, to close at
Indian shares ended lower for the third successive session on Thursday, dragged by bank stocks such as ICICI Bank and State Bank of India, as subdued global cues hurt risk appetite despite better-than-expected Dec-quarter gross domestic product (GDP) data
The Australian dollar hit a two-month trough on Thursday, undermined by mixed domestic data and speculative selling against the yen that took the cross rate to a nine-month low. The Aussie was down 0.5 percent at $0.7724, leaving its losses for the week a
Sterling slipped to a seven-week low against the dollar on Thursday, as investors sold the pound on worries a Brexit transition deal might not be reached this month. British Prime Minister Theresa May will lay out her views on how to keep trade open betwe
Most Asian currencies lost ground against the dollar on Thursday as Federal Reserve chief Jerome Powell hinted that US borrowing costs might rise at a faster pace than expected in a blow to riskier markets Powell's optimistic outlook on the US economy pro
China's yuan extended losses against the US dollar on Thursday, after the greenback got a boost following Federal Reserve Chairman Jerome Powell's optimistic tone on the US economy that suggested a faster pace of monetary tightening. The dollar rose to a
Foreign Minister Khawaja Asif said on Thursday that as the flagship project of the Belt and Road Initiative, the CPEC is one of the most significant and transformative projects in modern history. Addressing an event in connection with launch of a report "