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New Boeing 737 Max completes first flight successfully

New Boeing 737 Max completes first flight successfully

The latest version of Boeing jet flew for the first time on Friday, featuring more fuel efficient engines and redesigned wings WASHINGTON – Boeing new 737 MAX aircraft completed its first test flight on Friday, conducting tests for about three hours before landing safely at Boeing Field in Seattle. The plane, which is the fourth version of the original 737, ... Read More »

Asian Infrastructure Investment Bank launches with $100bn in capital

Jin Liqun, president of the Asian Infrastructure Investment Bank (AIIB), speaks at a press conference in Beijing, capital of China, Jan. 17, 2016. (Xinhua/Li Xin)

The Asian Infrastructure Investment Bank is designed to revamp aging infrastructure in emerging Asian economies. The Chinese-led bank starts with 57 member states and a capital stock of $100 billion. BEIJING (China) — The Asian Infrastructure Investment Bank (AIIB) opens with $100bn in capital contributed by its 57 member nations and is expected to lend $10-$15bn annually over the first ... Read More »

Best jobs for 2016: Health, Tech, Management

Health Sci.

New year, new beginnings. While many people make promises to eat better or exercise more, others look to land a new job or switch careers. If the latest jobs report is any indication, the employment landscape seems promising for 2016. The U.S. economy added 211,000 new jobs in November, while the unemployment rate held steady at 5%. Wages were up ... Read More »

Oil dives below $33 — the lowest price in 11 years

Oil workers in Nasiriyah, Iraq, which has ramped up output recently. Photograph: AFP/Getty

Oil prices hit their lowest in over 11 years on Wednesday, as the row between Saudi Arabia and Iran was seen making any cooperation between major exporters to cut output even more unlikely. Evidence of slowing economic growth in China and India has fueled fears that even strong demand elsewhere may not be enough to mop up the excess crude ... Read More »

High-value mountain products can promote sustainable livelihoods in Himalayas

Integrated farm with fruits, vegetables and herbs, Swat valley, Pakistan

Strengthening linkages between value chain actors, mountain farmers and consumers is important in achieving sustainable growth in Hindu Kush Himalayan region By Dr Surendra Raj Joshi The bountiful mountain areas of the Hindu Kush Himalayan (HKH) are a cornucopia of diverse, high-value products. With an abundance of niche goods, the region has a comparative advantage over other markets due to the ... Read More »

SME sector’s Rs 86 billion potential being ignored: UBG

SME sector's Rs 86 billion potential being ignored: UBGSME sector's Rs 86 billion potential being ignored: UBG

Economy cannot excel sans vibrant SME sector ISLAMABAD – Economy cannot excel unless Small and Medium Enterprises (SMEs) are supported on policy level and given preference in provision of credit, United Business Group (UBG) of the FPCCI said on Thursday demanding the government to support and encourage this overlooked sector. Uninterrupted flows of finances are important for survival and expansion of the ... Read More »

Turkey invited to participate in Pakistan Railway networks

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ANKARA — Pakistan and Turkey have reaffirmed the commitment to strengthen cooperation in the field of Railways. Pakistan Ambassador to Turkey, Mr. Sohail Mahmood, held separate meetings with key Turkish officials in Railways sector including Mr. Omer Yildiz, Head of the Turkish State Railways (TCDD), Mr. Mehmet Hamdi Yildrim, Acting Undersecretary of Ministry of Transport, Maritime Affairs and Communication and ... Read More »

Efficient Railway system can transform Economic Corridor project

Efficient Railway system can transform Economic Corridor project

Pakistan Railways should be improved to enable it to support economic corridor project which is a game changer, according to Pakistan Economy Watch (PEW) on Sunday. Railways must swing to profit through reforms and private sector driving eight percent of the national economy should be lured to it through incentives, PEW said. There are private public and goods transport services and private ... Read More »

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