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Pakistan Railways deficit decreased by Rs.0.059 billion

Pakistan Railways has spent Rs 1.207 billion on account of pay, Rs 0.0468 billion for pension and Rs 2.729 billion for fuel, an official in the Ministry of Railways told APP. He said the account of Pakistan Railways was closed on June 30 of each year and the actual surplus and deficit were worked out at the end of the financial ...

The News International 2019-05-29 4:03 pm

Kudrin Hopes Russian Economy To Avoid Technical Recession In 2019, Expects Slow Growth

MOSCOW (UrduPoint News / Sputnik - 29th May, 2019) Accounts Chairman Alexei Kudrin said Wednesday he was hoping that the economy would escape technical recession in , but added that its growth would still be slow. "I hope that we will avoid technical recession this year, nevertheless the indices will be low," Kudrin said regarding recent ...

UrduPoint News 2019-05-29 4:03 pm

Upcoming budget likely to reverse tax concessions for salaried class

ISLAMABAD (Dunya News) ? The budget for the upcoming financial year 2019-20 is likely to introduce tax burden on salaried class, as the federal government plans to reverse tax concessions for increasing annual revenue. Sources familiar with the matter told the media that two tax proposals will be considered by the government in this regard; the first, if implemented, ...

Dunya News 2019-05-29 3:53 pm

Pakistan's fruits export up by six percent in 10 months

On month-on-month basis, the vegetables exports also witnessed increase of 8.39 percent in April 2019 when compared to the exports of $29.986 million in March 2019, according to the data.

The News International 2019-05-29 3:36 pm

CDC Once Again Reduces Its Tariff

As part of the recent reduction, CDC has provided 100% waiver on maintenance fee for such Sub-Account holders who also have Investor Accounts. Additionally, CDC has rationalized its tariff structure for next five years which also includes reduction in custody fee for the year 2019-20 and 2020-21 by 14% and 16% respectively.

UrduPoint News 2019-05-29 3:35 pm

Euro zone bank earnings to drop this year, recover slowly: ECB

FRANKFURT: Banks in the euro zone will generate lower returns this year, European Central Bank Vice President Luis de Guindos said on Wednesday, predicting only a slow recovery over the following two years. Banks’ combined return on equity will drop below 6% this year and only rise above 6% percent again in 2021, a level that is still considered low given ...

Business Recorder 2019-05-29 3:08 pm

ECB’s Vasle says TLTRO terms will depend on market conditions

LJUBLJANA: The European Central Bank will decide on detailed terms for its new TLTRO loans to banks at a future meeting of policymakers and depending on market conditions at the time, ECB Governing Council member Bostjan Vasle said on Wednesday. Vasle told Reuters the Governing Council had decided to ?wait with concrete terms for long-term financing loans? until a ...

Business Recorder 2019-05-29 3:08 pm

ECB’s Vasle says TLTRO terms will depend on market conditions

LJUBLJANA: The European Central Bank will decide on detailed terms for its new TLTRO loans to banks at a future meeting of policymakers and depending on market conditions at the time, ECB Governing Council member Bostjan Vasle said on Wednesday. Vasle told Reuters the Governing Council had decided to ?wait with concrete terms for long-term financing loans? until a ...

Business Recorder 2019-05-29 3:08 pm

SpaceX satellites pose new headache for astronomers

?People were making extrapolations that if many of the satellites in these new mega-constellations had that kind of steady brightness, then in 20 years or less, for a good part the night anywhere in the world, the human eye would see more satellites than stars,? Bill Keel, an astronomer at the University of Alabama, told AFP. If another 12,000 ...

Business Recorder 2019-05-29 3:08 pm

Huawei asks US court to throw out federal ban

SHENZHEN, China: Huawei said Wednesday the tech giant has asked a US court to throw out US legislation that bars federal agencies from buying its products. The tech giant filed suit against the US bill in March, calling it ?unconstitutional? and saying the US Congress had failed to provide evidence to support its restrictions on Huawei products. The court ...

Business Recorder 2019-05-29 3:08 pm

Renault tries to reassure partner Nissan on Fiat plans

TOKYO: Renault officials on Wednesday sought to reassure the firm?s alliance partner Nissan over a possible tie-up between the French automaker and Fiat Chrysler, which could up-end the auto industry. And the partnership was shaken further this week by news that Renault is studying ?with interest? a 50-50 merger proposal with Fiat Chrysler (FCA), a prospect that took Nissan ...

Business Recorder 2019-05-29 3:08 pm

General Motors, Bechtel to build EV charging stations

General Motors said on Tuesday it will partner with construction firm Bechtel Corp to build fast-charging stations across the United States for electric vehicles, and is seeking investors to fund the collaboration. ?This collaboration and future build-out will help alleviate issues with customers? range anxiety by leveraging GM and Bechtel?s scale, flexibility and proprietary data to provide chargers in ...

Business Recorder 2019-05-29 3:08 pm

Citgo Petroleum in talks with Aruba on refinery contract

HOUSTON: Citgo Petroleum Corp said on Tuesday it is holding talks with the government of Aruba on its oil refinery operating contract, a day after Aruba disclosed it would form a committee to decide the fate of the plant. The US subsidiary of state-owned Petroleos de Venezuela (PDVSA) said it is holding ?active conversations with our counterparts in Aruba ...

Business Recorder 2019-05-29 3:08 pm

Macron says GE must keep its jobs commitments in France

PARIS: French President Emmanuel Macron said on Tuesday his government would remain vigilant as to whether General Electric Co respects its commitments in terms of jobs in France. French Finance Minister Bruno Le Maire said earlier on Tuesday he would fight to save jobs at a GE factory in eastern France where more than 1,000 posts are threatened.

Business Recorder 2019-05-29 3:08 pm

Apple unveils first new iPod model in four years

The first new iPod since the year 2015 comes as Apple shifts to emphasize digital content and other services to offset a pullback in the once-sizzling smartphone market, and with many news organizations struggling to monetize their online services.

Business Recorder 2019-05-29 3:07 pm

KPT Ships Movement, Cargo Handling Report

SHIPS BERTHED: YM Excellence Container Ship Al Safa Tanker Irenes Reliance Container Ship Oriental Rose Tanker Container Ship Knight Clinkers SHIPS SAILED: X Press Annapurna Tiger CSL CARGO HANDLING TURNOVER: The total cargo handled at during the last 24 hours closed at 175,249 metric tons the breakup shows that the port has handled ...

UrduPoint News 2019-05-29 2:54 pm

Unit 2 of China Power Hub company synchronized with national grid

The synchronization, an important milestone towards the commercial operations of the coal-fired power plant, comes exactly 5 months to the day when Unit 1 of the Project was synchronized, on December 28, 2018. Speaking at the occasion, Zhao Yonggang, CEO, CPHGC congratulated the team, emphasizing the achievement of synchronization of Unit 2 and other ?one-time? milestones was the result ...

The News International 2019-05-29 2:27 pm

Fruits’ export up by 6 pc in 10 months

ISLAMABAD, May 29 (APP):The export of fruits from the country witnessed an increase of 6.37 percent during the first 10 months of current fiscal year against the exports of the corresponding period of last year. The fruits’ export from the country were recorded at $ 380.869 million during July-April (2018-19) against the exports of $358.062 million during July-April (2017-18), showing a ...

APP News 2019-05-29 2:25 pm

Fruits' Export Up By 6 Pc In 10 Months

ISLAMABAD, (UrduPoint / Pakistan Point News - 29th May, 2019 ) :The export of fruits the country witnessed an increase of 6.37 percent during the first 10 months of current fiscal year against the of the corresponding period of last year.

UrduPoint News 2019-05-29 2:13 pm

Asia Stocks Sink After Losses On Wall Street

Hong Kong, (UrduPoint / Pakistan Point News - 29th May, 2019 ) : sank Wednesday, tracking losses on Wall Street as investors grew anxious about a possible economic slowdown and the absence of any in resolving the US-China trade war. Although an index of US consumer confidence on Tuesday registered an unexpectedly strong jump for , it ...

UrduPoint News 2019-05-29 2:13 pm

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