KARACHI: The Pakistan Stock Exchange (PSX) wrapped up the trading week on a historic note as the benchmark KSE-100 index soared to an unprecedented all-time high above 66,000 points. This record-setting close was fueled by the visit of Caretaker Prime Minister Anwaarul Haq Kakar, who marked the launch of a Rs30 billion Ijara Sukuk. The index witnessed an impressive increase …
KARACHI: Caretaker Prime Minister Anwaarul Haq Kakar on Friday commended the collective efforts of all stakeholders in steering the economy back on track. Speaking at the Pakistan Stock Exchange (PSX) during the first auction of the Government Ijarah Sukuk Bond, he acknowledged the regained investor confidence, attributing it to the successful standby agreement with the International Monetary Fund (IMF), the …
KARACHI: The benchmark index of the Pakistan Stock Exchange (PSX) continued its upward momentum on Thursday to cross the 64,000 milestone in yet another record high. According to the PSX website, the KSE-100 index gained 380.55 points at 10:20am to reach 64,298.27, up 0.6 per cent from the previous close of 63,917.72. The benchmark of representative shares, maintaining its bull …
BEIJING: The Chinese renminbi (RMB) is making steady progress in becoming a more widely used currency in the global economy, according to a report released by People’s Bank of China (PBOC). One of the most notable trends highlighted in the 2023 report on Chinese RMB internationalization is the increased use of the currency in trade and investment. In 2022, banks …
LAHORE: Acting Ambassador of Palestine Nader Al Turk has lauded China for showing its readiness to play a constructive role in easing tensions between Palestine and Israel and promoting peace talks. Addressing a webinar titled, “War Crimes Gaza: The impact, consequences, and international response & responsibility”, the envoy called out the “double standards” of the so-called civilised world and international organisations responsible …
BEIJING: Chinese President Xi Jinping on Wednesday announced eight major steps China will take to support high-quality Belt and Road cooperation. First, China will build a multidimensional Belt and Road connectivity network, Xi said in a keynote speech at the opening ceremony of the third Belt and Road Forum for International Cooperation (BRF). The country will speed up high-quality development of …
— Li, Kakar agree to further strengthen high-level engagement, deepen multiple ties — Both neighbours signed several MoUs and agreements in various sectors ISLAMABAD: Pakistan and China on Wednesday signed the long-awaited multi-billion-dollar Mainline One (ML-I) railway project which would cost US$ 6.7 billion and would transform and replace the centuries-old existing railway track from Peshawar to Karachi. The agreement, among …
Trains loaded with Southeast Asian agricultural products such as durians and mangosteens are now frequently entering China through the Mohan railway port in southwest China’s Yunnan province, along the China-Laos Railway. Photo shows a container ship at the Piraeus Port, Greece. (People’s Daily/Meng Xianglin) Since the beginning of this year, the China-Laos Railway has transported over 14 million tons of …
DUBAI: Iran’s Supreme Leader Ayatollah Ali Khamenei has described Israel’s assault on Gaza as a genocide of Palestinians and said it must stop immediately, state TV reported on Tuesday. A senior commander of Iran’s Revolutionary Guards (IRGC) also warned of further action by Tehran-backed militant groups against Israel if it did not cease its attacks. Israel has bombarded the Palestinian …
BEIJING: China is willing to work with Mongolia to adhere to mutual trust, mutual respect and mutual support, and push bilateral relations to a new level, said Chinese Foreign Minister Wang Yi Monday. Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, made the remarks while meeting with his Mongolian counterpart Batmunkh Battsetseg. …