London, Aug 17 (AFP/APP):European stock markets fell Wednesday as official data showed UK inflation surging to a new 40-year high.                   Investors remain on edge as central banks hike interest rates to fight runaway inflation, but which threatens to tip economies into recession.                   Oil prices steadied after recent heavy falls caused by forecasts of weaker demand on slowing economic growth, while the possibility of an Iran nuclear deal that would boost supplies.                   In foreign exchange, the pound firmed against the dollar as official data showed UK inflationRead More

                ISLAMABAD, Aug 17 (APP):The price of 24 karat per tola gold witnessed an increase of Rs.5500 on Wednesday and was sold at Rs.145,400 in the local market against its sale at Rs.139,900 the previous day. The price of 10 gram 24 karat gold also increased by Rs.4715 and was sold at Rs.124,657 against its sale at Rs.119,942 whereas prices of 10 gram 22 karat went up to Rs.114,270 against its sale at Rs.109,947. The price of per tola and ten gram silver remained constant at Rs.1540 and Rs1320.30 respectively,Read More

                BEIJING, Aug 17 (APP):The Chinese Foreign Ministry on Wednesday appreciated Prime Minister Shehbaz Sharif for his words uttered on multiple occasions on Pak-China bilateral relations and the China-Pakistan Economic Cooperation (CPEC). “Prime Minister Shehbaz Sharif spoke highly of China-Pakistan relations and CPEC on multiple occasions. He is very committed to the practical cooperation between our two countries. China appreciates that,” Spokesperson Wang Wenbin in a response to a question asked by APP during his regular briefing. PM Shehbaz Sharif, in an exclusive interview with the Chinese daily Global Times,Read More

                ROME, Aug. 16 () –:Pushed by a weaker euro and higher prices, Italy’s public debt reached an all-time high at mid-year, the Bank of Italy announced Tuesday.    The Public Finance Supplement of the bank’s monthly bulletin, released Tuesday, said debt totaled 2.766 trillion euros (2.812 trillion U.S. dollars), the highest it has ever been in absolute terms. The total is 1.9 percent higher than the 2.714 trillion euros (2.759 trillion dollars) at the start of the year.    A weaker euro has been one of the contributors toRead More

                ISLAMABAD, Aug 16 (dna):Federal Minister for Poverty Alleviation and Social Safety, Shazia Marri on Tuesday said that the government was taking correct measures to stabilize the economy. Addressing a conference on economy, the federal minister said that despite several interventions in the political system of Pakistan and the war against terrorism and extremism, we as a nation were strong enough to stand for our country and put it on the path of progress and stability. Quoting the famous sayings, Shazia Marri said someone rightly said that “strong economy isRead More