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Tokyo Shares Open Higher

Tokyo, (UrduPoint / Pakistan Point News - 28th May, 2019 ) : shares opened higher Tuesday after US President the previous day avoided taking a hardline approach on trade in his meeting with 's . The key Nikkei 225 index rose 0.25 percent or 52.97 points to 21,235.55, while the broader Topix index added 0.12 percent or 1.86 points at 1,548.86.

UrduPoint 2019-05-28 8:25 am

China Stopped Buying Oil From Iran Due To US Sanctions - Reports

MOSCOW (UrduPoint News / Sputnik - 28th May, 2019) has stopped buying after announced a decision not to extend exemptions its sanctions for certain countries, the Wall Street Journal reported, citing sources in the Iranian . According to Rahim Zare, who is a member of the economic commission of the Iranian , ...

UrduPoint 2019-05-28 7:34 am

Govt urged to plan for renewable energy resources Solar energy potential estimated over 100,000MW

?The government can initiate the transition to solar energy on smaller scale by moving offices of federal, provincial and city governments to solar energy as is being done in other countries,? said an expert on renewable energy. ?Local communities, municipalities, cities, provinces, NGOs, SMEs can play an effective role in tapping this huge potential on different scales which is ...

pakobserver 2019-05-28 2:46 am

SSGC faces stiff resistance during gas theft raids

Staff Reporter Karachi SSGC?s Security Services and Counter Gas Theft Operations (SS and CGTO) Department conducted major operations against gas theft on two ice and one mawa sweets factory in Larkana, as part of the Company?s Operation Grift. The joint team comprising of SS and CGTO?s Operations and Meter Wings, FIR Cell, Distribution and Customer Relations Department teams was able to ...

pakobserver 2019-05-28 2:46 am

Dollar slips to Rs149.90 in interbank market

Staff Reporter Karachi The US dollar slipped below Rs150 in the interbank market on Monday after witnessing record highs last week. The rupee registered record lows against the US dollar following the announcement of a $6 billion bailout agreement with the International Monetary Fund foreseeing a ?market-determined rate? for the Pakistani currency. Since last week, the rupee lost 3.74% ...

pakobserver 2019-05-28 2:46 am

Gwadar ideal site for construction of modern shipyard: Senate body

Staff Reporter Islamabad Senate Standing Committee on Defence Production Monday observed that Gwadar was an ideal site for the construction of modern shipyard as there was no ship building facility in the entire gulf region as of now. The Chairman of the Committee observed that shipyards were considered strategic assets for any country as they not only contributed to country?s ...

pakobserver 2019-05-28 2:46 am

Customs House to allow entry to only authorized trade reps, members FBR

Staff Reporter Islamabad Syed Muhammad Shabbar Zaidi, the Chairman FBR, while taking notice of presence of large number of visitors has ordered Customs Wing to strictly restrict, entry into Customs Houses, only to the concerned traders, their authorized representatives and members of relevant trade bodies/associations.

pakobserver 2019-05-28 2:46 am

ZTBL diversifying operations under Government Bank facilitating farming community through Agri. E. Credit Scheme

Staff Reporter Islamabad Zarai Taraqiati Bank Limited (ZTBL) is the only specialized financial institution for agriculture sector of Pakistan. Under the leadership of Sheikh Aman Ullah Acting President ZTBL, the bank is constantly maintaining its AAA/A-1+ rating which is a proof enough of the bank?s active positive growth and maintenance of its financial position. With the membership of Link-1 and ...

pakobserver 2019-05-28 2:45 am

Hyundai NEXO named a ‘game changer’

Staff Reporter Lahore The Hyundai NEXO Fuel Cell vehicle has been named as a ?game changer? at the annual Autocar awards, in recognition of its trail-blazing zero emissions hydrogen fuel cell technology. Actually, it?s the latest of several generations of hydrogen fuel cell Hyundais, launched while most car makers are still years behind.? NEXO?s fuel cell electric powertrain offers the latest ...

pakobserver 2019-05-28 2:45 am

FTO orders recovery from Inland Revenue Officers

The Federal Tax Ombudsman directed the FBR to: recover Rs0.45 million from Muhammad Asghar Khan Niazi, Zonal CIR, RTO Abbottabad and Hafiz Muhammad Rafaqat, IAO, Unit Regional Tax Office Abbottabad (costs and compensation) in equal shares and arrange to pay the same to the complainant; 2, Fix responsibility regarding administrative excesses neglect, inattention, delay, incompetence, ineptitude and inefficiency ...

pakobserver 2019-05-28 2:45 am

Uzbek companies can develop production lines in SEZs under CPEC: Bakhtyar

Staff Reporter Islamabad Minister for Planning, Development and Reform Makhdum Khusro Bakhtyar has underlined that establishing transport and energy corridors would not only enhance regional connectivity but also boost trade and investment.

pakobserver 2019-05-28 2:45 am

Chinese traditional medicines get Int’l access

Observer Report Beijing Chinese experts on Monday hailed the World Health Organization’s (WHO) formal approval of the inclusion of a chapter on traditional Chinese medicine (TCM) in the latest version of its influential global compendium. “This is significant for the internationalization of TCM industry as it will help China establish a TCM disease statistics network linked to international standards,” Liu Baoyan, president ...

pakobserver 2019-05-28 2:36 am

Good Goodies challenges industry

Staff Reporter Karachi Good Goodies, a brand of Unifood Industries Limited operating in the cakes segment, recently won Pakistan?s first ever Effie Award in the David vs Goliath category, that celebrated outstanding marketing effort by new players going up against seasoned players with decades of experience behind them. Embracing a spirit of imagination through product innovation and reimagining the ...

pakobserver 2019-05-28 2:36 am

Uninterrupted power supply

Since the start of summer in Karachi, citizens have experienced uninterrupted power supply in load-shed exempt areas whereas even in the areas with high incidence of illegal kunda connections and electricity theft, load-shed has been considerably reduced. In the latest incident of a series of periodic outages Sindh, Punjab and Balochistan suffered a massive power breakdown after all high ...

pakobserver 2019-05-28 2:36 am

Pak-China trade must touch new heights

Staff Reporter Lahore Founder Chairman Pak US Business Council and veteran trade leader Iftikhar Ali Malik Monday hailing Vice President of the People?s Republic of China Wang Qishan to Pakistan urged for deeper economic cooperation with China saying that this collaboration will usher in a new era of progress, prosperity, development, economic growth and welfare of the people of ...

pakobserver 2019-05-28 2:34 am

PSX closes flat after five positive sessions

An equity analyst at Topline Securities said that after five consecutive positive sessions, the benchmark index remained flat in Monday?s session by losing meagre 6 points, closing at the 35,697-point level. ?Weekend news flows pertaining to continuation of corporate tax rate at current level (earlier it was supposed to come down by 1ppt every year to 25 percent) coupled ...

dailytimes 2019-05-28 1:54 am

Asia’s billionaires develop taste for boutique wealth managers

The boutiques, or so-called external asset managers (EAMs), mainly tap small-and-mid-level business owners and executives, who are typically out of reach for private banks, by leveraging their locally based advisers? contacts and family ties. ?But if you benchmark us against the amount of wealth that is being created in Asia, it?s the tip of the iceberg.? Having started out by ...

dailytimes 2019-05-28 1:54 am

Oil prices stable amid OPEC supply cuts, but US-China trade war drags

?The relative strength of the very short-end of the (price) curve likely reflects the market pricing in a known variable of lower supplies from OPEC+,? said Edward Bell, commodity analyst at Emirates NBD bank. But Monday?s gain could not make up for falls last week, when both crude futures contracts registered their biggest price declines this year amid concerns ...

dailytimes 2019-05-28 1:54 am

Hyundai NEXO named a ‘game changer’

Hyundai NEXO Fuel Cell Electric Vehicle named a ?game changer? by Britain?s oldest motoring magazine, Autocar, at the annual Autocar awards, in recognition of its trail-blazing zero emissions hydrogen fuel cell technology. It?s the latest of several generations of hydrogen fuel cell Hyundais, launched while most car makers are still years behind.? NEXO?s fuel cell electric power train offers the ...

dailytimes 2019-05-28 1:54 am

Rupee continues upward trend as dollar slides to Rs 150.50

The Pakistani rupee continued its slow but steady recovery against the US dollar on Monday as the greenback fell by Rs 1.16 in interbank trade to close the day at Rs 149.74. Monday was the third straight day that the Pakistani currency recovered in the interbank and open market against the US dollar since it slipped to record lows against the ...

dailytimes 2019-05-28 1:53 am

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