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Wednesday, June 14th, 2017


Pakistan to play key role in pushing forward Belt and Road plan


By Ansar M Bhatti in Kunming KUNMING (CHINA), JUNE 14 (DNA): The fifth China-South and Southeast Asia Think Tank Forum held here praised high Pakistan’s commitment and a leading role in pushing forward Belt and Road’s initiative, through rapid implementation of China Pakistan Economic Corridor (CPEC. Stating that the CPEC’s paves way for the success of President’s Xi Jinping initiative, they said that the Pakistan has proved its diplomatic and economic strength to carry it out for global connectivity through road, rail and sea links for shared prosperity. The FormRead More

Supplementary grants reduced to Rs121bn, NA gives approval


ISLAMABAD, JUN 14 (DNA) – Finance Minister, Senator Mohammad Ishaq Dar informed the National Assembly that the financial discipline maintained by the government had helped to reduce the regular supplementary demands for grants to Rs121 billion during the financial year 2016-17. The National Assembly on Wednesday gave approval to the 124 supplementary demands of grants for the year 2016-17 in addition to approving the access demands for the fiscal years 1998-99 and 2003-04. The Minister informed the house that the total supplementary budget was recorded at 1,439 billion during financialRead More

Hong Kong stocks end little changed, investors await Fed decision


SHANGHAI, JUN 14 (DNA) – Hong Kong shares were little changed on Wednesday, lagging a record run in Wall Street, as investors waited for more clues from the Federal Reserve on future US policy after an expected interest rate rise later in the day. Hong Kong typically follows US rate moves because of its currency peg to the US dollar. The Hang Seng index rose 0.1 percent, to 25,875.90 points, while the China Enterprises Index lost 0.1 percent, to 10,514.91 points. All eyes were on the US central bank, whichRead More

UK unemployment stays at lowest since 1975


LONDON, JUN 14 (DNA) – Britain’s unemployment rate remains at 4.6 percent, the lowest level for 42 years, official data showed on Wednesday. A total of 1.53 million people were recorded as unemployed at the end of April, down 145,000 compared with a year earlier, the Office for National Statistics said in a statement. However average weekly earnings adjusted for inflation fell by 0.6 percent, excluding bonuses, compared with a year earlier, the data showed. British inflation jumped in May close to a four-year high of 2.9 percent as aRead More

Qatar withdraws troops from Djibouti-Eritrea border mission


DOHA, JUN 14 (DNA) – Qatar has withdrawn its troops from the border between Djibouti and Eritrea, where the Gulf state has been acting as mediator in a border dispute, the Qatari Foreign Ministry said on Wednesday. It did not give reason for the withdrawal but the move comes as Qatar faces a major diplomatic crisis with some of its Gulf Arab neighbours. They cut ties a week ago, accusing Doha of backing militancy and Iran. Qatar strongly denies this. “Qatar has been an impartial diplomatic mediator in resolving crisesRead More

Serena Hotels Celebrate Four Years of Triumph at the World Travel Awards


ISLAMABAD, JUN 14 (DNA) – Mr. Aziz Boolani CEO South and Central Asia received appreciation at the World Travel Awards where Islamabad Serena Hotel was awarded Pakistans Leading Hotel 2017 and Pakistans Leading Hotel Suite 2017 for the Presidential Suite at Islamabad Serena Hotel, the Kabul Serena Hotel was awarded Afghanistan’s Leading Hotel and Dushanbe Serena Hotel received the award for Tajikistans Leading Hotel for the fourth year running at the World Travel Awards Asia & Australasia Gala Ceremony 2017, held at Grand Kempinski Hotel Shanghai in China. The WorldRead More