05262016Thu
Last update: Thu, 26 May 2016 01am

Top News

Top News - Pakistan Top News

Sino-Pak ties have grown from strength to strength over past 65 years: Chinese envoy ISLAMABAD: Sino-Pak relations have grown from strength to strength over the past 65 years and both the countries have proved themselves as iron brothers. Chinese Ambassador to Pakistan Sun Weidong said this on Tuesday while addresing a seminar on "Pakistan, China iron brothers", organised by the Ministry of Information, Broadcasting and National Heritage in connection with 65th anniversary celebrations of diplomatic relations of both the countries.Both the countries take this relationship as priority of the diplomacy. "We regard each other as equal partners, reliable friend, respect each others' sovereignty and territorial integrity, the Ambassador said. The have extended helping hand to each other in testing times and both the countries maintained close collaboration on important regional and international issues to promote peace and prosperity in the world, he mentioned.Relations between Pakistan and China have been promoted to all weather strategic partnership which provide new prospects and opportunities to take the ...

Top News - Pakistan Top News

RECORDER REPORT-PSX close of day KARACHI: Karachi Stock Exchange (KSE) 100 index closed higher on Tuesday having 36582.35 points with a negative change of -141.00 and volume of 169,127,880 shares.High and Low were 36794.49 and 36553.78 respectively. Total volume traded in the market was 298,412,080 shares with 374 total traded companies out of which 153 were up 191 were down and 30 were unchanged. POWER GENERATION & DISTRIBUTION was the top traded sector with total traded volume of 75,600,300 shares. ...

Top News - Pakistan Top News

CPEC projects to make country self-sufficient in energy generation ISLAMABAD: The energy projects initiated under the China-Pakistan Economic Corridor (CPEC) project would not only help overcome the existing energy crisis faced by the country but would produce surplus electricity for the country.As many as 17,045 megawatts of energy would be generated through these projects spreading all across, hence lead the country towards self-sufficiency in energy production.Official sources told APP that as many as 1100 megawatt electricity generated through these projects would be included in ...

Top News - Front Top News

Oil prices continue dip with stronger dollar SINGAPORE: Oil extended losses in Asia Tuesday as a stronger US dollar and progress in controlling wildfires in Canada's crude-producing Alberta province dampened prices.Hawkish remarks by US Federal Reserve officials hinting at a June interest rate hike pushed up the greenback against major currencies."A stronger US dollar continued to extend pressure on commodity prices," CMC Markets analyst Margaret Yang said in a note. A stronger greenback puts downward pressure on oil, as it curtails demand ...

Top News - Front Top News

Obama calls for peaceful settlement of South China Sea disputes HANOI: US President Barack Obama called Tuesday for territorial disputes in the South China Sea to be "resolved peacefully" as Vietnam baulks at Chinese actions in the bitterly contested waters. "Big nations should not bully smaller ones, disputes should be resolved peacefully," he told an audience in Hanoi, referring to the disputed maritime region.His remarks won loud applause from more than 2,000 delegates including top Vietnamese leaders.Washington and Hanoi have been drawn closer together through ...