Chinese shares close higher Wednesday

BEIJING, Jan. 12 (Xinhua/APP):Chinese stocks closed higher on Wednesday, with the benchmark Shanghai Composite Index up 0.84 percent, at 3,597.43 points. The Shenzhen Component Index closed 1.39 percent higher at 14,421.2 points. The combined turnover of stocks covered by the two indices stood at 1.061 […]

European stocks climb at open before US inflation data

London, Jan 12 (AFP/APP):Europe’s main stock markets rose at the open Wednesday with all eyes on the latest US inflation reading. London’s benchmark FTSE 100 index climbed 0.5 percent to 7,529.64 points. In the eurozone, Frankfurt’s DAX index gained 0.6 percent to 16,039.80 points and […]

Libya oil fields back online after 3-week shutdown

Tripoli, Jan 11 (AFP/APP):Production has resumed at four key oil fields in war-torn Libya after a three-week shutdown by gunmen linked to Libya’s Petroleum Facilities Guard, the group said Tuesday. The PFG-affiliated fighters had closed the Sharara, Al-Fil, Al-Wafa and Al-Hamada fields in December over […]

Suspension of gas supply to industries, CNG filling stations in KP slammed

Peshawar, January 11 (Online): the Business community called the suspension of gas supply to industries and Compressed Natural Gas (CNG) filling stations in Khyber Pakhtunkhwa, especially in Peshawar, a sheer violation of the article 158-A of the constitution of country, describing the government was committing […]

PAJCCI opposes mini-budget

Peshawar – January 11 (ONLINE): Vice President Pak-Afghan Joint Chambers of Commerce and Industry (PAJCCI) Ziaul Haq Sarhadi while commenting on the Finance (Supplementary) Bill said that amendment in section 25-A of the Customs Act as an unfair decision, calling for withdrawing of the decision […]

Hong Kong shares open down

Hong Kong, Jan 11 (AFP/APP):Hong Kong stocks started Tuesday with losses following three days of healthy gains and after another drop on Wall Street over growing concerns about inflation and the Fed’s plans to wind back its stimulus. The Hang Seng Index slipped 0.29 percent, […]

IMF requested to reschedule 6th review till January end: Finance Ministry

ISLAMABAD, Jan 10 (APP):The Finance Division has officially requested the International Monetary Fund (IMF) to reschedule the meeting of its Board of Directors for the approval of 6th review till end January. According to press statement issued by the Finance Ministry here Monday, the government […]

PIA brings down per aircraft employees’ ratio to 260: CEO

ISLAMABAD, Jan 10 (APP):PIA’s Chief Executive Officer (CEO) Air Marshal Arshad Malik Monday said the reforms process in Pakistan International Airlines would continue, as it significantly helped in bringing down the per aircraft employees ratio to 260, which was 550 in 2017. He, in a […]

Keyal Khwar Hydropower project to generate 72 MW Electricity

ISLAMABAD, Jan 10 (APP):Keyal Khwar Hydropower Project is located at Keyal Khwar Nallah, a tributary of the Indus River in Lower Kohistan District of Khyber Pakhtunkhwa has around 72 megawatts electricity generation capacity. Talking to APP, an official of the project said that there are […]