Dollar holds up

 TOKYO (AFP):- The dollar held on to its gains against the yen and euro Thursday, having rebounded from steep losses early the previous day as Donald Trump scored a shock presidential election win. The greenback was sent plunging in Asia Wednesday as it became apparent the brash tycoon would replace Barack Obama in the White House, with dealers worried his policies could send the US economy into recession. However, the unit strengthened and US and European stocks rallied after market-favourite Hillary Clinton conceded defeat and Trump gave a reassuring victory speech to soothe worried investors.–AFP "He'll certainly be friendly to American business and that could very well stimulate their economy," said Grant Williamson, an investment adviser at Hamilton Hindin Greene, a brokerage in Christchurch, New Zealand. "Investors are now thinking that things aren't going to be as bad as what they had thought. It was a bit of a shock to most investors initially and now people are getting used to the idea," he told Bloomberg News.

The dollar bought 105.32 yen in Tokyo, down from 105.72 yen in New York but still sharply up from the 101.20 yen mark touched in Asia earlier Wednesday.

The euro was at $1.0937 against $1.0914 in New York, having touched $1.13 earlier Wednesday in Tokyo.

The Mexican peso also held up after recovering from Wednesday's record low. The dollar was at 19.80 pesos, having spiked at 20.78 in Asia the previous day.

Still, the peso remains under pressure owing to Trump's anti-immigrant rhetoric earlier in the campaign, which included a pledge to remove undocumented immigrants, build a border wall and tear up a trade deal with Mexico.

Daisuke Karakama, market economist at Mizuho Bank, told AFP: "There is speculation that (Trump's) policy of large fiscal spending and tax cuts could boost the economy and the dollar."

However, he added that this scenario looks only at the positive aspect of what could happen.

"There are no resources to finance his tax cuts and there was no guarantee that he could get along with Congress given the divide between him and mainstream Republicans," he said.

"I don't expect the current dollar rally will last long."

 Master trainers for Tevta

 LAHORE (PR): Qingdao Construction Engineering Vocational School China will provide master trainers to TEVTA to train youth in construction sector. This initiative will promote technical education and vocational training especially in construction sector across the province of the Punjab. Chairperson TEVTA Irfan Qaiser Sheikh stated this while talking to 8-member delegation of Qingdao Construction Engineering Vocational School China here at TEVTA Secretariat.  Chairperson TEVTA Irfan Qaiser Sheikh said that Gulf Countries and homeland urgently require the trained manpower in construction and hospitality sectors. Collaboration of TEVTA with China Institute will fruitful for the province of the Punjab. While giving the details to promote Chinese language in the province of the Punjab, he said that at present TEVTA has started three months duration course for general public at Lahore, Gujranwala, Sialkot, Faisalabad, Multan and Rawalpindi, Gujrat, Sheikhpura, Okara, Kasur, Sahiwal, Taxila, Sargodha, Layyah, Khanewal, Bahawalpur, R.Y. Khan and D.G.Khan.

  Four months course have also been started for executive and business community in Lahore.

Principal Qingdao Construction Engineering Vocational School China YuXiang said that China has emerged a new global economy in the world.  Its role in the economic growth of World is very significant.  Economic cooperation of China with Pakistan will open new avenues for the success of Pakistani people.  He appreciated the efforts of TEVTA for the promotion of Technical Education and Vocational Training system in the province.  Delegation also visited Govt. Technical Training Institute Gulberg and Mughalpura and appreciated the efforts made by TEVTA for the promotion of technical education and vocational training system.

 Women entrepreneurs play vital role in economic development: FPCCI

ISLAMABAD (INP): Senior vice president (SVP) of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Shaikh Khalid Tawab has said that the women entrepreneurship has been acknowledged as an important untapped source and their participation is essential for economic growth and development. In a statement issued here on Friday, Shaikh Khalid Tawab elaborated that the number of women entrepreneurs, ratio of women chief executives in the corporate sector and the share of women in the holding of corporate ownerships and assets are almost negligible in Pakistan. About women entrepreneurship, he added that in Pakistan only 11.8 percent companies have women ownership while in Turkey is 25.4 percent; this is 62.9 percent in Philippines, Indonesia 22.1 percent, 29.2 percent in Uzbekistan, 32.7 percent in Tajikistan. He underlined that there is need to motivate women to participate in entrepreneurship activities as at present their share is just 3% in total entrepreneurship in Pakistan.

The SVP FPCCI further stated that the women contribution is much higher in the rural economy of Pakistan, and as per the sectoral statistics, 74 percent of women are engaged in agriculture wherein their service are generally unpaid and their role is as supportive to family work.

He further added that we should realize that without involving women entrepreneurs actively in economic activity, we can't achieve the target of economic stability and self-reliance as the population of women is 52 percent of the total population of Pakistan.

Shaikh Khalid Tawab indicated that the FPCCI has been encouraging women entrepreneurs by way of giving them equal opportunities to participate in International trade fairs and delegations on subsidized conditions and many Chairperson of our Standing Committees are women.

To encourage the women-owned businesses, a Best Lady Exporter Gold Medal has been instituted by FPCCI, which is bestowed to the female entrepreneur who has demonstrated the best export performance.

 Three-member Chinese delegation visits PARC

ISLAMABAD (INP): A three-member Chinese delegation, led by Director Tea Research Institute Hangzhou Chinese Academy of Agricultural Sciences (TRI-CAAS) China, Yang Yajun along with Head of Department of Sciences and Technology Lin Zhi and Associate Professor (TRI-CAAS) Yuanzhi Shi, visited Pakistan Agricultural Research Council (PARC) on Friday for collaboration in tea research and development. Chairman PARCDr. Yusuf Zafar presided over a meeting with Chinese delegation. Member Plant Sciences Division of PARC Dr Ahmad Bakhsh Mahar, Secretary PARC Dr Muhammad Tariq and other senior scientists of PARC Tea Project were also present in the meeting. Prior to this meeting, the Chinese delegation also visited National Tea and High Value Crops Research Institute (NTHRI) of PARC at Shinkiari, Mansehra in Khyber Pakhtunkhwa (KP) to witness tea crop field area.

After detailed discussion the area of collaboration was identified include exchange of tea germplasm as per requirement; to assist NTHRI in selection and evaluation of suitable germplasm for black tea; preparation of plan for improvement in green tea processing; training program for scientists; and exchange of research and scientific material, publication and information.