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Economy

No increase in fares of 100 passenger trains

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Trains' punctuality improved by 90%

ISLAMABAD: Minister for Railways Sheikh Rashid Ahmed Thursday categorically said that there was no increase in the fares of 100 passenger trains.
Taking to media persons here at the Parliament House, the minister said that Pakistan Railways had increased only 7 to 12 percent in the fares of 20 passenger trains which would be charged from December 7.
Sheikh Rashid said the fare of Pakistan Express running between Peshawar to Karachi would remain unchanged at Rs 1350.
The minister said PR was going to start two new freight trains and first would be inaugurated on December 25 and the second one in the first week of January, adding that Rahman Baba passenger train would also launch on December 23.
To a question, Sheikh Rashid said that the performance of Minister for Finance, Revenue, and Economic Affairs Asad Umar was appreciable but some lobbies are trying to flop the government’s economic agenda.
He conceded that inflation witnessed a slight increase but it was due to the plundering of national wealth by the past rulers.

 

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Asia

Sino-Pak agreements reflect growing ties: Dr. Firdous

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Rs1.2 billion released to media houses

ISLAMABAD: Special Assistant to Prime Minister on Information and Broadcasting Dr. Firdous Ashiq Awan Monday said the signing of agreements between Pakistan and China during the visit of Chinese Vice President was proof of increasing economic cooperation between the two countries.
In a tweet on social media platform Twitter, she said these agreements were reflective of China’s strategic interest in the progress and prosperity of people of Pakistan.
She said under the leadership of Imran Khan, national interest and public welfare were given priority while in the past, personal interest and business were given preference by others.

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Asia

Tokyo bourse closes in the green

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Tokyo stocks gain on bargain-hunting

TOKYO: Shares edged up today with investors expressing relief as US President Donald Trump appeared to take a softer stance on his thorny trade dispute with Japan.
The key Nikkei 225 index rose 0.31 percent, or 65.36 points, to close at 21,182.58, while the broader Topix index was up 0.38 percent, or 5.79 points, at 1,547.00.
“Players were relieved as President Trump did not take a tough stance on the US-Japan trade issue,” Daiwa Securities chief technical analyst Eiji Kinouchi told AFP.
After a fun-filled weekend of golf and sumo, Trump and Japanese Prime Minister Shinzo Abe held formal talks Monday, with trade and tensions with North Korea topping the agenda.
Ahead of their talks, Trump hinted that tough negotiations on their bilateral trade could wait until after July elections in Japan.
Trump tweeted: “Great progress being made in our Trade Negotiations with Japan. Agriculture and beef heavily in play.”
In remarks after the closing bell, Trump also told reporters: “We hope to have even more to announce on the trade, very very soon.”
The dollar fetched 109.52 yen in Asian afternoon trade, against 109.29 yen in New York late Friday.
In Tokyo, Nissan was up 0.97 percent at 747.8 yen after news that its French alliance partner Renault and Italian-US auto giant Fiat Chrysler are weighing a potential merger.
Its rival Toyota gained 0.79 percent to 6,554 yen while Honda was down 1.11 percent at 2,759 yen.
Takeda Pharmaceutical jumped 2.46 percent to 3,942 yen while telecom and investment firm SoftBank Group was up 1.65 percent at 10,465 yen.

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Business

Dep. PM of Uzbekistan arrives in Islamabad

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ISLAMABAD: Deputy Prime Minister of Uzbekistan Elyor Ganiev has arrived here today on a two-day visit to Pakistan.

Elyor Ganiev is accompanied by a high-level delegation comprising Deputy Ministers for Investment and Foreign Trade, Transport and other senior officials. According to the Foreign Office (FO), the Deputy Prime Minister would hold consultations with the Foreign Minister and also meet several other Federal Ministers and Advisers including of Railways, Planning, National Food Security & Research, Health, Commerce and Board Of Investment. 

“The visit of the Deputy Prime Minister will impart further impetus to the multi-dimensional cooperation between Pakistan and Uzbekistan in diverse fields,” the FO held. The visit is expected to reinforce Pakistan’s bilateral ties with Uzbekistan, contribute to building a closer economic partnership, and enhance possibilities for regional connectivity. 

A relevant piece published earlier: 

Uzbek deputy PM due today on two-day visit

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