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 ...
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 ...
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, ...
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.
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.
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
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.
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.
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 ...
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 ...
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 ...
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.
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 ...
