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APEC finance chiefs meet amid global worries BEIJING: The global economic recovery is beset by "downside risks", China's vice-premier told Asia-Pacific finance ministers Wednesday, a day after growth in the world's second-largest economy hit a five-year low.The meeting of ministers from the Asia-Pacific Economic Cooperation (APEC) forum in Beijing comes ahead of the group's annual summit next month, when Chinese President Xi Jinping is expected to host counterparts including US President Barack Obama, Russian President Vladimir Putin and Japanese Prime Minister Shinzo Abe."Now global economic recovery remains difficult, with downside risks still existing," China's Vice-Premier Zhang Gaoli said in a speech formally starting the finance meeting.The Asia-Pacific region faced challenges including what he described as "policy adjustment of major developed economies", apparently a reference to the US Federal Reserve's winding down of the vast bond purchase programme it put in place to fight the global financial crisis.His comments came a day after China, a major driver of ...


RECORDER REPORT: KSE morning update KARACHI: On Wednesday morning, KSE-100 Index was at 30009.84 with a positive change of 315.57 and volume of 46,832,150 shares.High and Low were 30020.18 and 29694.27 respectively. Total volume traded in the market was 69,440,000 shares with 274 total traded companies out of which 204 were up, 58 were down and 12 were unchanged.Commercial Banks was the top traded sector with total traded volume of 13,575,700 shares. It was followed by Construction and Materials (Cement) ...

No end in sight for Hong Kong protests after talks HONG KONG: Hong Kong student leaders Wednesday said they may not take part in further talks with the government after accusing city authorities of failing to make any meaningful offers to end weeks of mass rallies.The comments are a blow to the city's Beijing-backed leaders who had expressed hopes for fresh rounds of talks after meeting face-to-face with students on Tuesday night for the first time. The negotiations are widely seen as the only way ...

Apple co-founder to mentor at Australian university SYDNEY: Apple co-founder Steve Wozniak has accepted an adjunct professorship at a Sydney university and will play a mentoring role at the university's innovation lab.The University of Technology, Sydney (UTS) said the appointment is the first Wozniak has accepted at any tertiary educational institution.He will work with staff and students at the university's "Magic Lab", a centre for innovation and enterprise research focused on robotics and artificial intelligence. "It's hard to imagine a more iconic ...

Pakistan's Malala receives US Liberty Medal PHILADELPHIA: Malala Yousafzai, the child rights activist and youngest ever recipient of the Nobel Peace Prize, received the Liberty Medal Tuesday and pledged her $100,000 award to education in her homeland Pakistan.Yousafzai won the annual prize from the National Constitution Center for her "courage and resilience in the face of adversity and for serving as a powerful voice for those who have been denied their basic human rights and liberties," the NCC said. The 17-year-old ...

Washington Post 'Watergate' editor dead at 93 WASHINGTON: Legendary former Washington Post editor Ben Bradlee, who oversaw reporting on the Watergate scandal that brought down US president Richard Nixon, died Tuesday. He was 93.Bradlee, who died of natural causes at his Washington home, leaves a lasting legacy at the Post and in the wider media, and has been hailed as a genius and for having "the courage of an army." He was also a friend to John F. Kennedy.President Barack Obama, who ...


 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln