China's tough rhetoric leaves trade talks with U.S. in limbo
WASHINGTON/BEIJING (Reuters) - China struck a more aggressive tone in its trade war with the United States on Friday, suggesting a resumption of talks between the world?s two largest economies would be meaningless unless Washington changed course. The tough talk capped a week that saw Beijing unveil fresh retaliatory tariffs, U.S. officials accuse China of backtracking on promises made ...
As bitcoin gyrates, less euphoria in evidence at blockchain gathering
Last year?s Consensus blockchain conference took place just four months after the virtual currency hit almost $20,000, spawning a legion of bitcoin millionaires who rode in swanky luxury cars and partied in over-the-top soirees. Despite bitcoin?s latest bounce, this year?s gathering, again held at a hotel in New York, featured less ostentatious displays of wealth and a more sober ...
Govt releases Rs338.215m for petroleum sector projects
According to the official data issued by the Ministry of Planning, an amount of Rs 291.575 million has been released to acquire drilling rigs and accessories for Geological Survey of Pakistan (GSP), Rs 13.736 million for appraisal of newly discovered coal resources of Badin coal field and its adjoining areas of southern Sindh, Rs 14.609 million for exploration and ...
FBR resolves complaints launched on Citizens Portal
Islamabad Federal Board of Revenue (FBR) has resolved about 6000 complaints out of 6864 which were launched on the Pakistan Citizens Portal from Oct 28 till now about the different departments of FBR. He added that most of the public complaints were related to imposition of custom duty on mobile phones according to which Pakistanis coming from overseas had to ...
Govt aware of problems of industrial sector: Sarwar
Talking to a delegation of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Regional Office Lahore led by Abdul Rauf Mukhtar, Acting President FPCCI at Governor House Lahore on Friday, Chaudhry Sarwar appreciated the role being played by the private sector, particularly the FPCCI, in the country?s economic development. Speaking on the occasion, Acting President FPCCI Abdul Rauf ...
NUST wins big at Shell Eco-Marathon Asia
A team from NUST College of Electrical & Mechanical Engineering (CEME), ?Toyota NUSTAG,? was impressive by standing out at Shell Eco-Marathon Asia 2019, held in Malaysia. The Technical and safety inspections this year were stricter than years before, resulting in many teams who cleared for track in past years, not qualifying in 2019. Secondly, Team NUSTAG completed a valid ...
Chinese delegation lauds progress of CPEC in Punjab
Amraiz Khan Lahore A 15-member Chinese delegation led by China?s Ambassador Yao Jing visited Punjab Civil Secretariat here on Friday. Talking to the delegates, the Chief Secretary said that the China Pakistan Economic Corridor (CPEC) would usher into a new era of progress and prosperity in Pakistan. Chinese Ambassador Yao Jing said that China is willing to extend cooperation with ...
Debt trap theory linking with BRI rejected
Observer Report Beijing Almost six years after Chinese President Xi Jinping proposed the Belt and Road Initiative (BRI), the grand vision for promoting common development through better connectivity has been morphing into a solution for speeding up global cooperation for greater prosperity, experts said here on Friday. Researchers, economists, and policymakers in Africa, a region that has been warned to be ...
SECP measures for capital market stability
Staff Reporter Islamabad The DECP Chairman and Commissioner (Securities Market Division) along with his team, met with capital market stakeholders, including the senior management of Pakistan Stock Exchange, National Clearing Company of Pakistan Limited, Central Depository Company of Pakistan Limited, representatives of broker community, Mutual Funds Association of Pakistan and insurance companies. The participants highlighted the practical problems being faced ...
Govt to launch Rs17b fund to provide liquidity
Staff Reporter Karachi Adviser to Prime Minister on Finance, Revenue and Economic Affairs, Dr. Abdul Hafeez Shaikh has approved the fund of Rs 17 billion to be managed by NIT, State Life and banks to provide the liquidity. Earlier a delegation of leading Businessmen and Brokers comprising of Bashir Jan Mohammad, Arif Habib, Aqeel Karim Dhedhi, Ali Jamil and ...
Misrepresentation of Tobacco Industry figures may harm economy
Staff Reporter Islamabad Only reliable research data can help better policy making especially when it comes to revenue generation and any misleading facts can hamper government efforts to bring better tax policies, leading global research organization Nielsen told media during a briefing held in Islamabad. Nielsen has been present in Pakistan for more than 25 years and it proudly provides ...
OPPO signs partnership with FFT
Observer Report Paris OPPO, Friday, signed a partnership agreement with the French Tennis Federation (FFT), becoming a Premium Partner and the Official Smartphone of the world-renowned Roland-Garros and of the Rolex Paris Mastersfor the next three years (2019-2021). The leading smart device brand is now the Roland-Garros? first-ever partner from China, marking a major milestone for both organizations.Joining Emirates, Lacoste, Peugeot ...
Interest free youth business loans demanded
Staff Reporter Islamabad President Islamabad Chamber of Commerce & Industry (ICCI) Ahmed Hassan Moughal, Senior Vice President Rafat Farid and Vice President Iftikhar Anwar Sethi have called upon the government to focus on introducing interest-free youth business loans to enable youngsters to start their own businesses and play more effective role in poverty alleviation and economic development of the country. ...
Russian Embassy In UK Says Financial Times Uses Unverifiable Data On Kerch Strait Traffic
LONDON (UrduPoint News / Sputnik - 18th May, 2019) The embassy in the said that the Financial Times outlet used isolated allegations and unverifiable information in its article claiming that the recently-built bridge over the Strait allegedly affected vessel in the area. "The construction of the Bridge, 35 meters [115 inches] high, has ...
Rupee fall big blow to business activities: LCCI
LCCI President Almas Hyder said that surge in dollar price would badly affect manufacturing sector as raw material price and cost of doing business would go up. He said that an unchecked increase in the dollar rates was badly affecting the industrial, manufacturing and agriculture sectors as Pakistan has to import fertilizers, food items, oil, machinery and industrial raw ...
World Bank, Kuwait teams discuss investment in Pakistan
KARACHI?? -?? The representatives of World Bank and Kuwait Investment Authority (KIA) held separate meetings with Sindh Minister for Works and Services, and Irrigation Syed Nasir Hussain Shah in his office on Thursday and discussed future development projects in different sectors for financing and investment. Special Assistant to Sindh Chief Minister, Ashfaq Memon, Provincial Secretaries for Works and Services ...
NA body irked by non-availability of goods at Utility Stores
Rana Muhammad Ishaq Khan, MNA/Member of the Committee drew the attention of the Committee towards problems being faced by the common people due to short of utility products in Utility stores all over the country. The Managing Director, Utility Stores Corporation (USC) informed the Committee that USC was providing low rates on essential household items i.e flour, sugar, cooking ...
Trade with Bangladesh witnesses 18.68pc surplus
The overall exports to Bangladesh were recorded at $510.812 million during July-February (2018-19) against exports of $448.870 million during July-February (2017-18), showing positive growth of 13.79 percent in first eight month of current fiscal year, according to State Bank of Pakistan (SBP). Meanwhile, the commodities that contributed positively growth in imports included Tobacco and tobacco refuse imports of which ...
SBP launches SMS service for fresh currency notes
ISLAMABAD?? -??? State Bank of Pakistan (SBP) through its subsidiary SBP Banking Services Corporation (SBP BSC) has relaunched the short messaging service (SMS) for issuance of fresh currency notes to the general public. The booking of the service will commence from May 19, while issuance of fresh currency through mobile SMS service will start from May 20, and continue ...
Over Rs330m released for industrial projects
ISLAMABAD??? -?? The government has so far released an amount of Rs 329.880 million for various projects of the Industries and Production Division under the Public Sector Development Programme? (PSDP 2018-19) against the total allocation of Rs769.999 million earmarked for the current fiscal year. The government released Rs20.1 million for Peshawar Light Engineering Center (PLEC) Peshawar, Khyber Pakhtunkhwa out ...
