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Queen Elizabeth kicks off Commonwealth summit with climate focus VALLETTA: Queen Elizabeth II opened the 2015 Commonwealth summit on Friday with a colourful ceremony attended by world leaders gathered for pressing talks on climate change.The monarch, dressed in an aqua blue coat with pink flowers adorning her trademark hat, was serenaded by a harp as she arrived to a red-carpet welcome at a huge sandstone conference centre on the seafront in the Maltese capital Valletta.As the clock ticks to a UN climate conference in Paris starting Monday, leaders at the summit including France's Francois Hollande, Britain's David Cameron and the UN's Ban Ki-moon will try to open the door to a landmark accord for limiting greenhouse gases."At this meeting, the Commonwealth will be charged with demonstrating leadership, often in practical ways, on an agenda of global issues," Queen Elizabeth said in her opening address on the Mediterranean island."I wish you every success in this endeavour."She spoke of the Commonwealth's ...

JCR-VIS reaffirms ratings of Pak-Gulf Leasing Company Ltd. KARACHI: JCR-VIS Credit Rating Company Limited has reaffirmed the entity rating of Pak-Gulf Leasing Company Limited (PGLC) at A-/A-2' (single A minus/A-Two).Outlook on the assigned ratings is `stable'. The previous rating action was announced on Sept. 25, 2014, said press release here on Friday.The assigned ratings to PGLC incorporate sound asset quality indicators, growing profitability levels and adequate liquidity profile.Capitalization levels of the Company have grown over time on account of profit retention while gearing ...

Govt gives permission to PCB regarding Pak-India series LAHORE: Pakistan Cricket Board has received a decision by the government of Pakistan, accepting the resumption of Pak-India cricket series in December 2015-January 2016 with Pakistan hosting it in Sri Lanka."Details of the proposed series will be announced later once the BCCI gives a go-ahead for it", said a spokesman of PCB here on Friday.Copyright APP (Associated Press of Pakistan), 2015

Expenditures on social safety nets not to be compromised: Dar ISLAMABAD: Minister for Finance, Muhammad Ishaq Dar Friday said that strengthening and enhancing the outreach of social safety nets for poor of the poorest was top most priority of the government.Addressing a Memorandum of Understanding (MoU) ceremony among Pakistan Bait-ul-Mal, Universal Service Fund (USF) and Microsoft here, he said that government has enhanced its expenditures to support and assist the vulnerable segments for their economic uplift and social prosperity.Under the MoU, USF in collaboration with ...

Raza Rabbani visits Commonwealth Parliamentary Association Headquarters ISLAMABAD: Mian Raza Rabbani, Chairman Senate of Pakistan, proposed a regional conference of the Commonwealth Parliamentarians in Islamabad to learn more from each other's experiences.He put forward this proposal during his visit to the Commonwealth Parliamentary Association (CPA), Headquarters in London, said a press release issued here Friday.Joe Omorodion, Acting Secretary General welcomed this idea and assured to work in partnership with Pakistan to organize this event.He further said that the proposal of regional conference ...

Weekly inflation falls 0.36pc ISLAMABAD: The weekly inflation for the week ended on November 26 for the combined income group decreased by 0.36 percent as compared to the previous week.The Sensitive Price Indicator (SPI) for the week under review in the above mentioned group was recorded at 218.81 points against 219.59 points registered in the previous week, according to data of Pakistan Bureau of Statistics (PBS).Similarly, as compared to the corresponding week of last year, the SPI for the ...


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