European Stocks Gain While US Tech Shares Dive
New York, June 4 (UrduPoint / Pakistan Point News - 4th Jun, 2019 ) :US tech giants took a beating on Monday on reports of stepped-up antitrust scrutiny , while European bounced after a lackluster . The tech-rich Nasdaq Composite Index finished 1.6 percent lower following an ugly session in which tumbled 7.5 percent, parent ...
Hong Kong Stocks Open Higher After Four-day Losing Streak
Hong Kong, June 4 (UrduPoint / Pakistan Point News - 4th Jun, 2019 ) : shares opened with gains Tuesday, with investors bargain-hunting after four days of losses on fears of a global slowdown sparked by the US-China trade war. The benchmark Composite Index opened 0.08 percent, or 2.44 points, lower at 2,887.64, while the Composite Index, ...
Dollar gains value in interbank market ahead of Eidul Fitr holidays
Similarly, the value of the dollar in the open market climbed by Re0.30 to Rs148.80 According to currency dealers, the demand for the greenback increased in the interbank market due to upcoming Eidul Fitr holidays.
USA, China, UK top three export destinations of Pakistani products
Among other countries, Pakistani exports to Germany stood at $1081.154million against $1132.819 million during last year, showing increase of 4.71 percent while the exports to Afghanistan were recorded at $983.202 million against $1301.615 million last year, the data revealed. Pakistan?s exports to Indonesia were recorded at $212.769 million during the current fiscal year compared to $155.274 million last year ...
Asia markets fall as investors seek safe-haven assets
Hong Kong Asian markets largely tumbled on Monday, tracking global losses as Wall Street clocked its worst month this year, with investors opting for safe-haven assets in the wake of intensifying trade tensions. US President Donald Trump?s abrupt threat last week to hit Mexico with tariffs over immigration concerns did little to reassure investors, who were already anxious about the ...
Weekly inflation goes up 0.28pc
The items which recorded increase in their average prices included banans, chicken, potatoes, garlic, eggs, moong pulse, gur, masoor pulse, wheat, mash pulse, cooking oil (tin), vegetable ghee (tin), beef, mutton, mustard oil and bread, Similarly the items which recorded no change in their prices included rice (basmati broken), rice (irri-6), milk (fresh), curd, milk (powdered), salt, red chilly, tea ...
CDC set to facilitate 600 businesses to get refund claims
Staff Reporter Islamabad Central Depository Company has urged businessmen who have opted for Sales Tax Refund payments through Refund Bonds to urgently open up Sub Account or Investor Account with Central Depository Company of Pakistan Limited (CDC) in order to get Sales Tax Refund payments through Refund Bonds. Out of total 600 sales tax refunds claimants, Around 200 businessmen ...
Oil prices edge higher as Saudi reassurances stem decline
Saudi Arabia, the de-facto leader of the Organisation of the Petroleum Exporting Countries (OPEC), indicated that the group of oil producers together with Russia would continue managing global crude supplies to avoid a surplus. ?Saudi Arabia?s preference for continuing with, or even deepening, the OPEC+ output cut commitment has also provided a lift to prices,? said Abhishek Kumar, Head ...
AHCL, AHL Boards approve Buy-Back of Shares
Staff Reporter Karachi The Board of Directors of Arif Habib Corporation Limited (AHCL) and Arif Habib Limited (AHL) in separately held emergent Board meetings today approved buy-back of shares of their respective companies through tender offer. AHCL?s Board of Directors has approved a proposal to buy-back its own fully paid-up ordinary shares of face value of Rs.10 from shareholders ...
OGDCL, ICE2 sing MoU
Staff Reporter Islamabad Oil and Gas Development Company Limited (OGDCL) and EME Centre for innovation and entrepreneurship – ICE2 (College of electrical and mechanical engineering) entered in MoU here on Monday. The MoU will strengthen relationships between both the entities in the fields of Research and Development, Training and Corporate Social Responsibility. ICE2 will extend its support to OGDCL in technical issues, guidance ...
China publishes white paper on trade consultations, revealing US backtracking Beijing’s position on China-US Economic and Trade Consultations
Obsrever Report China published a white pa per Sunday denouncing U.S. unilateral and protectionist measures, criticizing its backtracking on Sino-U.S. trade talks, and demonstrating China?s stance on trade consultations and pursuit of reasonable solutions. The white paper, ?China?s Position on the China-U.S. Economic and Trade Consultations,? was issued by the State Council Information Office. Besides a preface and a conclusion, the 8,300-character ...
British Airways touches down in Islamabad Aviation Minister Ghulam Sarwar welcomes resumption of flight service
British High Commission team along with the Federal Minister for Aviation, Advisor to the Prime Minister on Commerce, Textile, Industry & Investment, and Advisor to the Prime Minister on Overseas Pakistanis and Chairman PTDC, welcomed the aircraft in Islamabad as both the Union Flag and Pakistan?s national flag were waved from the cockpit roof hatch. On-board the first flight ...
Descon Automation, Control holds event
Staff Reporter Lahore Descon Automation and Control department along with its Principal, MSA conducted a ?Partners in Safety? event at Islamabad. The event highlighted Descon?s Automation capabilities along with the new advances in technology for flame and gas detection systems by MSA General Monitors. Aafiah Khan Head Descon Automation & Control said about the event, ?At Descon, we highly value ...
BYD to build battery gigafactory in Guangzhou
The gigafactory will focus on the research and development, production and manufacturing of lithium polymer batteries for electric devices such as mobile phones, laptops and computers, according to BYD. The new factory, with a total investment of 4 billion yuan (57.9 million U.S. dollars), will realize an annual output of 13 billion yuan after it goes into operation in ...
President hosts an iftar for orphans
The President also appreciated the ?Tecno Blue Chalk? campaign which is providing support and quality education to the children housed in the Khubaib Foundation orphanages.
ICCI calls for solid measures in budget to reduce inflation
Ahmed Hassan Moughal, President, Rafat Farid, Senior Vice President, and Iftikhar Anwar Sethi, Vice President, Islamabad Chamber of Commerce & Industry, said that during the PTI government, inflation has increased manifold due to which business centers and markets were facing sufficient slowdown in purchasing activities even in Eid days and this situation was a cause of great concerns for ...
Businesses urged to urgently open their CDC accounts
ISLAMABAD?? -?? Central Depository Company (CDC) has urged businessmen to open up sub account or investor account with Central Depository Company of Pakistan Limited (CDC) in order to get sales tax refund payments through refund bonds. However, around 200 businessmen out of total 600 sales tax refunds claimants have so far opened their CDC accounts which are approximately 33 ...
Stock exchange sheds 469 points
The three top traded companies were Bank of Punjab with a volume of 25.48 million and its price per share decreased by Rs 0.53 to close at Rs 11.17, followed by WTL with a volume of 20.6 million and its price per share increased by Rs 0.05 to close at Rs 0.82 and MLCF with a volume of 8.099 ...
Pak cotton production at 10.7m bales
MULTAN ? -? ? Seed cotton (phutti) equivalent to 10.777 million or 10,777,818 bales reached ginneries across Pakistan till June 1, 2019, says final report of Pakistan Cotton Ginners Association (PCGA) showing national cotton production for the year 2018-19. Sanghar district of Sindh continued to remain on top with cotton arrival figures of over 1.28 million or 1,289,369 bales ...
Punjab okays two uplift schemes
LAHORE ? ? - ? The Punjab Provincial Development Working Party approved two development schemes of roads & irrigation sectors with an estimated cost of Rs. These schemes were approved in the special meeting of Provincial Development Working Party (PDWP) of current fiscal year 2018-19 presided over by Chairman P&D Habib ur Rehman Gilani. Secretary P&D Iftikhar Ali Sahoo, ...
