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Higher education key to stable employment, says new UN report UNITED NATIONS: Higher education is a prerequisite for millions of youth in the developing world who hope to find a decent, non-vulnerable job, a new United Nations study has established.The study, conducted by the International Labour Organization (ILO) and released Wednesday, surveys 28 countries worldwide and demonstrates that having a high level of education serves as a fairly dependable guarantee towards securing a formal job.The report confirms the role of education in shaping labour market outcomes of young people, Azita Berar Awad, Director of the Employment Policy Department of the ILO, explained in a press release. It also highlights the need for more investments in quality education, from primary through academic levels.The report notes that 83 per cent of young people with post-secondary education are in non-vulnerable employment in the 27 low-to-upper middle income countries examined while the number dropped to 75 per cent among low-income countries. At the same ...

Leaders of political parties to attend Multi Party Conference PESHAWAR: The leadership of all mainstream political parties will attend a meeting here on Wednesday to discuss the situation following the terrorists attack at a school in Peshawar.Prime Minister Muhammad Nawaz Sharif, who arrived here Tuesday to mionitor rescue and combat operation, would preside over the meeting. The PM convened the Multi-Party Conference (MPC) following the terrorists attack on Army Public School here.The representatives and leadership of Awami National Party, Muttahida Qaumi Movement, Pakistan People's ...

KPK Schools to remain closed for three days mourning PESHAWAR: The Elementary and Secondary Education Khyber Pakhtunkhwa has announced closure of all schools in the province for three days as mark of respect and sympathies with members of the bereaved families whose dear one lost their lives in a terrorist attack on Army Public School on Tuesday.According to Elementary Education KP spokesman, the primary, middle and high schools in the entire province will remain closed till Friday.The private schools association of Khyber Pakhtunkhwa also ...

Pakistan to end death penalty moratorium in terror cases: PM's office ISLAMABAD: Pakistan is to end its moratorium on the death penalty in terror-related cases, the prime minister's office announced Wednesday, a day after Taliban militants killed 141 people in an attack on a school.The assault on the school in Peshawar, the deadliest terror attack in Pakistan's history, has caused widespread revulsion.Copyright AFP (Agence France-Presse), 2014

Tokyo's Nikkei index up 0.38pc by close TOKYO: Tokyo's Nikkei 225 rose 0.38 percent on Wednesday on bargain hunting following two days of heavy selling that saw the benchmark index lose more than three percent.The Nikkei at the Tokyo Stock Exchange added 64.41 points to finish at 16,819.73, while the Topix index of all first-section shares slipped 0.10 percent, or 1.36 points, to 1,352.02."The Nikkei is rebounding for the first time in three sessions. Bargain hunting is driving up the market, but ...

RECORDER REPORT: KSE mid day update KARACHI: On Wednesday, until mid day, KSE-100 Index was at 31082.64 with a positive change of 206.36 and volume of 85,076,640 shares.High and Low were 31141.59 and 30744.20 respectively. Total volume traded in the market was 119,157,460 shares with 301 total traded companies out of which 202 were up, 84 were down and 15 were unchanged.Electricity was the top traded sector with total traded volume of 36,504,500 shares. It was followed by Commercial Banks with ...


Index Closing Chg%
Arrow DJIA 17,356.87 1.69
Arrow Nasdaq 4,644.31 2.12
Arrow S&P 2,012.89 2.04
Arrow FTSE 6,336.48 0.07
Arrow DAX 9,544.43 0.20
Arrow CAC-40 4,111.91 0.46
Arrow Nikkei 16,819.73 0.38
Arrow H.Seng 22,585.84 0.37
Arrow Sensex 26,710.13 0.27

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 15, 2014
Reserves $13.922 bln