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Archive - 2018-05-19
PCB serves show-cause notice to Hafeez

PCB serves show-cause notice to Hafeez

Pakistan Cricket Board (PCB) has issued show-cause notice to all-rounder Muhammad Hafeez regarding his remarks about the International Cricket Council's (ICC) rules and regulations pertaining to bowling action. The show-cause notice was served upon Muhamm
Published 19 May, 2018 12:00am
Lucky Star Club in: Cannon Foam Challenge Cricket Cup semis

Lucky Star Club in: Cannon Foam Challenge Cricket Cup semis

Young Lucky Star Cricket Club Friday qualified for the semi final of First Cannon Foam Challenge Cricket Cup by defeating Ghalib Sports by 8 wickets, here at the LCCA Ground. Outstanding brilliant spell of Saif Rasool (5 for 19 runs) of Young Lucky Star w
Published 19 May, 2018 12:00am
Cricket chiefs consider scrapping Test match tosses

Cricket chiefs consider scrapping Test match tosses

International cricket chiefs are considering scrapping the toss before Test matches as part of measures to boost the flagging fortunes of the long form of the game, reports said Friday. Britain's Times newspaper said the International Cricket Council beli
Published 19 May, 2018 12:00am
Nadal reaches Rome semis
Kerb

Nadal reaches Rome semis

Rafael Nadal continued his clay domination on Friday, rallying from a set down to reach the Italian Open semi-finals with a 4-6, 6-1, 6-2 victory over Fabio Fognini. The world number two needs to lift an eighth career title at the Foro Italico on Sunday t
Published 19 May, 2018 12:00am
Djokovic reaches first quarter-final of 2018 in Rome

Djokovic reaches first quarter-final of 2018 in Rome

Novak Djokovic moved into his first quarter-final of 2018 on Thursday when he defeated Spain's Albert Ramos-Vinolas 6-1, 7-5 at the Italian Open. The four-time Rome champion is making his way back this year after a six-month injury absence before the Aust
Published 19 May, 2018 12:00am
Botham backs controversial 100-ball cricket format

Botham backs controversial 100-ball cricket format

England great Ian Botham has backed controversial plans for a new city-based 100-ball competition despite widespread criticism from within the game. The former all-rounder believes England and Wales Cricket Board chairman Colin Graves is right to press ah
Published 19 May, 2018 12:00am
Pakistan to take part in U-12 Asian Baseball event

Pakistan to take part in U-12 Asian Baseball event

Pakistan under-12 baseball team will participate in the 10th Baseball Federation Association U-12 Asian Baseball Championship 2018 schedule to be held in Taiwan from August 13-19. Other participating teams in the event are: Japan, Korea, Chinese Taipei, H
Published 19 May, 2018 12:00am
Eder and Nani miss out on Portugal World Cup squad

Eder and Nani miss out on Portugal World Cup squad

Forwards Eder and Nani were surprise absentees from Portugal's World Cup squad with national team coach Fernando Santos opting instead for the youth of Andre Silva and Goncalo Guedes to play alongside superstar Cristiano Ronaldo. Also missing from the 23-
Published 19 May, 2018 12:00am
Platini admits 'skulduggery' to rig 1998 World Cup draw

Platini admits 'skulduggery' to rig 1998 World Cup draw

Disgraced Michel Platini has sensationally admitted to a "little skulduggery" in rigging the draw to ensure Brazil and France could not meet until the final of the 1998 World Cup, where he was organising committee president. "We organised the schedule so,
Published 19 May, 2018 12:00am
Mutko loses sports brief one month before World Cup

Mutko loses sports brief one month before World Cup

Russia's doping-tainted minister Vitaly Mutko lost his sports brief in a new government announced less than one month before the start of the World Cup. Mutko was named as one of the architects of a state-sponsored cheating programme among Russian athlete
Published 19 May, 2018 12:00am
Germany win World Cup... according to computers

Germany win World Cup... according to computers

What happens when a global investment bank gets its computers to run 10,000 virtual tournaments to guesstimate who is going to bring home the World Cup? Germany win again. Switzerland's UBS has released its quadrennial report into the best bet punters can
Published 19 May, 2018 12:00am
Neuer in Bayern's cup final squad to stay on course for World Cup

Neuer in Bayern's cup final squad to stay on course for World Cup

Manuel Neuer's World Cup hopes were boosted on Friday when he made Bayern Munich's squad for the German Cup final, after eight months on the sidelines, and his club coach Jupp Heynckes is convinced the goalkeeper will be fit for Russia 2018. The 32-year-o
Published 19 May, 2018 12:00am
Aussie rises against counterpart kiwi

Aussie rises against counterpart kiwi

The Australian dollar paused near a 3-1/2-month high against its New Zealand counterpart after six straight sessions of gains led by a recent rally in oil prices and on a subtle divergence in monetary policy stance between the two countries. The commodity
Published 19 May, 2018 12:00am
Sterling falls
Currency

Sterling falls

The British pound fell on Friday as the US dollar resumed its rally, with confusion about whether Britain would stay in the European Union's customs union after it leaves the bloc also weighing on the currency. Prime Minister Theresa May said on Thursday
Published 19 May, 2018 12:00am
Yuan eases

Yuan eases

China's yuan eased against the US dollar on Friday, on track to post its worst week in three months after the central bank set its yuan midpoint at a one-week low to reflect the greenback's extended gains. The dollar firmed against its major trading partn
Published 19 May, 2018 12:00am
Asian forex: Rupiah weakens as most Asian currencies slip
Currency

Asian forex: Rupiah weakens as most Asian currencies slip

Indonesia's rupiah weakened the most among Asian currencies on Friday as the central bank's interest rate hike failed to support the local unit as investors remained more concerned about the emerging market's vulnerability. The rupiah and its regional pee
Published 19 May, 2018 12:00am
Sri Lankan rupee up
Currency

Sri Lankan rupee up

The Sri Lankan rupee ended firmer on Thursday in dull trade due to dollar selling by a state bank, a day after the central bank said underlying fundamentals do not warrant the current downward pressure on the currency. The rupee hit a record low for a thi
Published 19 May, 2018 12:00am
Dollar climbs against yen in NY

Dollar climbs against yen in NY

The dollar climbed to a four-month peak against the yen on Thursday, bolstered by the rise in US Treasury yields that suggests a more upbeat outlook for the world's largest economy. US benchmark 10-year yields hit a high of 3.122 percent on Thursday, the
Published 19 May, 2018 12:00am
Euro struggles in European trade
Currency

Euro struggles in European trade

The euro was headed on Friday for its fifth successive weekly decline versus the dollar, in what would be a first for the currency since 2015, as political uncertainty in Italy worried investors. The euro has slumped six cents from more than $1.24 in the
Published 19 May, 2018 12:00am
Dollar up in Asia

Dollar up in Asia

The dollar edged higher against the yen on Friday and set a fresh four-month high, buoyed by a further rise in US Treasury yields that suggests a more upbeat outlook for the world's largest economy and possibly more rate hikes. US benchmark 10-year yields
Published 19 May, 2018 12:00am
Commodities help FTSE seal eight-week winning streak

Commodities help FTSE seal eight-week winning streak

Britain's leading stock index posted its eighth straight week of gains despite dipping slightly on Friday as investor enthusiasm waned following the previous day's record close. The FTSE 100 ended the session down 0.1 percent at 7,778.79 points, in line w
Published 19 May, 2018 12:00am
Most South East Asia markets close lower
Currency

Most South East Asia markets close lower

Most Southeast Asian stock markets edged down on Friday amid caution over developments in US-China trade negotiations, while Vietnam shares rose 1 percent after two straight sessions of sharp falls. China denied that it had offered a package to slash the
Published 19 May, 2018 12:00am
European shares post best weekly streak since 2014
Currency

European shares post best weekly streak since 2014

European shares ended down on the day on Friday but posted their eighth straight week of gains thanks to a rally in energy shares and despite concerns about Italian anti-establishment parties promising to increase state spending in a planned new governmen
Published 19 May, 2018 12:00am
China stocks soar

China stocks soar

China stocks closed higher on Friday amid hopes that Beijing and Washington will reach a deal in the latest round of trade negotiations. The blue-chip CSI300 index ended 1 percent higher at 3,903.06, while the Shanghai Composite Index closed 1.2 percent h
Published 19 May, 2018 12:00am
China issues new guidelines on state holdings in listed firms

China issues new guidelines on state holdings in listed firms

China on Friday issued new guidelines on the managing of shares of publicly listed companies held by state-owned entities, according to a notice on the Ministry of Finance's website. The new rules are meant to standardise how state shareholdings of listed
Published 19 May, 2018 12:00am
Indian shares remain lower

Indian shares remain lower

Indian shares ended lower for a fourth straight session on Friday, dragged by financials such as HDFC Bank and Housing Development Finance Corp, while sentiment was subdued amid caution over developments in US-China trade negotiations. The benchmark BSE i
Published 19 May, 2018 12:00am
Treasury 10-year yields keep seven-year high

Treasury 10-year yields keep seven-year high

US 10-year Treasury yields rose to a near seven-year peak on Thursday, extending this week's bond market selloff, as traders and investors have not reached a consensus on whether it was time to buy or if the market was vulnerable to more selling. Technica
Published 19 May, 2018 12:00am
Treasury 10-year yields keep seven-year high

Treasury 10-year yields keep seven-year high

US 10-year Treasury yields rose to a near seven-year peak on Thursday, extending this week's bond market selloff, as traders and investors have not reached a consensus on whether it was time to buy or if the market was vulnerable to more selling. Technica
Published 19 May, 2018 12:00am
Hong Kong stocks rise

Hong Kong stocks rise

Hong Kong stocks rose on Friday amid hopes that Beijing and Washington will reach a deal in the latest round of trade negotiations. The Hang Seng index rose 0.3 percent to 31,047.91, while the China Enterprises Index gained 0.6 percent to 12,355.13.
Published 19 May, 2018 12:00am
Wall Street ends down on trade, oil price concerns

Wall Street ends down on trade, oil price concerns

Wall Street ended a choppy trading session lower on Thursday, as investors grappled with escalating trade tensions and rising oil prices. Comments by US President Donald Trump that China "has become very spoiled on trade," cast doubt on his efforts to avo
Published 19 May, 2018 12:00am
Tokyo stocks rise on weak yen

Tokyo stocks rise on weak yen

Tokyo stocks closed higher Friday as a cheaper yen gave a boost to exporters but traders said they would be keeping a close eye on geopolitics in the coming days. The benchmark Nikkei 225 index gained 0.40 percent, or 91.99 points, to 22,930.36, marking a
Published 19 May, 2018 12:00am
Sri Lankan shares hit two-week high

Sri Lankan shares hit two-week high

Sri Lankan shares rose to a two-week closing high on Friday, led by diversified and banking stocks, but trading was thin as investors waited for more clarity on the political and economic front. The Colombo stock index ended 0.29 percent firmer at 6,492.0
Published 19 May, 2018 12:00am
China denies it has offered a $200 billion package to slash US trade gap

China denies it has offered a $200 billion package to slash US trade gap

China denied on Friday that it had offered a package to slash the US trade deficit by up to $200 billion, hours after it dropped an anti-dumping probe into US sorghum imports in a conciliatory gesture as top negotiators meet in Washington. US officials ha
Published 19 May, 2018 12:00am
Chinese bank sells Trump dinner tickets for $150,000

Chinese bank sells Trump dinner tickets for $150,000

A Chinese bank has been offering its clients the chance to buy tickets to a dinner with US President Donald Trump for $150,000, Bloomberg News reported Friday. A Chinese-language invitation to the event seen by AFP, which did not include the hefty price t
Published 19 May, 2018 12:00am
Australia's ANZ bank exits Cambodian joint venture

Australia's ANZ bank exits Cambodian joint venture

Australian bank ANZ has sold its majority stake in a Cambodian joint venture to Japanese financial firm J Trust as it shifts focus away from Asia and onto core assets. The Australian-listed company said late Thursday it would continue to own its 55 percen
Published 19 May, 2018 12:00am
Cambridge Analytica files for voluntary bankruptcy in US

Cambridge Analytica files for voluntary bankruptcy in US

British political consulting group Cambridge Analytica filed for voluntary Chapter 7 bankruptcy in the Southern District of New York, court documents showed. The firm, whose attorney filed late Wednesday, announced early May that it would close and file f
Published 19 May, 2018 12:00am
PayPal buys payments startup iZettle for $2.2 billion

PayPal buys payments startup iZettle for $2.2 billion

PayPal on Thursday announced a deal to buy Swedish online commerce startup iZettle for $2.2 billion, a deal that came as the young company was poised for a stock market debut. US-based PayPal, which was spun off from eBay three years ago, said that its bi
Published 19 May, 2018 12:00am
China expected to allow European beef 'in near future': EU

China expected to allow European beef 'in near future': EU

China could soon allow imports of beef from France, Germany and the Netherlands, which had been under embargo since 2001, the EU agriculture commissioner said Friday in Beijing. China had banned imports of European and then US beef due to cases of bovine
Published 19 May, 2018 12:00am
IMF says Argentina loan terms under discussion
Currency

IMF says Argentina loan terms under discussion

The board of the International Monetary Fund on Friday concluded an informal meeting on a loan program for Argentina but offered scant new details on the nature of pending support for the troubled Latin American economy. In a statement, IMF Managing Direc
Published 19 May, 2018 12:00am
Glencore may face UK probe over Congo deals

Glencore may face UK probe over Congo deals

Glencore may face a British fraud probe into alleged corruption in the Democratic Republic of Congo, Bloomberg reported Friday, sending the Swiss miner's share price tumbling. The newswire, citing people with knowledge of the matter, reported that Britain
Published 19 May, 2018 12:00am
Germany orders Porsche recall over diesel emissions cheating

Germany orders Porsche recall over diesel emissions cheating

German authorities said Friday they had ordered 19,000 Porsche SUVs recalled over emissions cheating, saying a total of 60,000 manipulated vehicles had been identified across Europe. "Illegal 'defeat devices' were identified" in some 4,000 Cayenne and 15,
Published 19 May, 2018 12:00am
Ikea to open first South American stores

Ikea to open first South American stores

Sweden's Ikea, which revolutionised affordable furnishing for households, is to expand its flat pack offers to South America for the first time. The group announced on Thursday that it aims to open at least nine stores in Chile, Colombia and Peru in the n
Published 19 May, 2018 12:00am
Rivals gain on Amazon in hot market for digital assistants

Rivals gain on Amazon in hot market for digital assistants

Amazon has kept its lead in the fast-growing global market for smart speakers powered by artificial intelligence, but Google and others are gaining, a market tracker said. A survey this week by Strategy Analytics estimated that Amazon sold four million of
Published 19 May, 2018 12:00am
BMW expands UK car recall again

BMW expands UK car recall again

German car manufacturer BMW on Friday expanded a British safety recall for another 88,000 vehicles because of a fire risk. The announcement - the second in two weeks - comes after it had already expanded an initial recall to 312,000 diesel and petrol vehi
Published 19 May, 2018 12:00am
Dutch to close two oldest coal-fired plants by 2025

Dutch to close two oldest coal-fired plants by 2025

The Dutch government Friday unveiled plans to shut the country's two oldest coal-fired electricity plants by 2025, as it seeks to cut greenhouse gas emissions. The other three remaining plants, using coal to produce electricity, will have to close down by
Published 19 May, 2018 12:00am
Brazil likely to cut CS cane crop due to drought

Brazil likely to cut CS cane crop due to drought

Brazil's center-south, the world's largest sugar producing region, is likely to have less cane to process this year than previously expected due to a prolonged period without widespread rains, an independent analyst said on Thursday.
Published 19 May, 2018 12:00am
CBOT soyabean futures lower

CBOT soyabean futures lower

Chicago Board of Trade soyabean futures dropped 1.9 percent to a six-week low on Wednesday on concerns about an ongoing trade dispute with China cutting demand from the world's top buyer of the oilseed. The benchmark CBOT July soyabean contract dropped be
Published 19 May, 2018 12:00am
Cotton market: sluggish business on less buying interest
Cotton

Cotton market: sluggish business on less buying interest

Business activity remained slow as both buyers and sellers kept on the sidelines on the cotton market on Friday in the process of trading, dealers said. The official spot rate was unchanged at Rs 7400, they added. In the ready session, over 700 bales of c
Published 19 May, 2018 12:00am
EU wheat futures rise after two-week low

EU wheat futures rise after two-week low

Euronext wheat futures rose on Wednesday, recovering from a two-week low earlier in the week, supported by the euro's continued slide against the dollar.
Published 19 May, 2018 12:00am
Drought damages big portion of corn in Brazil

Drought damages big portion of corn in Brazil

Brazil's largest grain producing state of Mato Grosso is expected to harvest up to 15 percent less of so-called second corn because of a drought, the president of a group representing farmers in the region told Reuters on Monday. Mato Grosso farmers will
Published 19 May, 2018 12:00am
Asian naphtha eases; gasoline hits 2-1/2-month high

Asian naphtha eases; gasoline hits 2-1/2-month high

Asia's naphtha intermonth premium spread eased 50 cents to $14 a tonne on Wednesday, but this was still indicative of strong fundamentals versus three months ago when it was at $3.00. The intermonth premium is the difference between front-month first-half
Published 19 May, 2018 12:00am
China steel, iron ore slip after three-day rally

China steel, iron ore slip after three-day rally

Chinese steel and iron ore futures erased gains on Wednesday following a three-day rally that lifted the raw material to an eight-week high, although the outlook for steel demand remained upbeat. With construction activity in China in full swing, traders'
Published 19 May, 2018 12:00am
Activities of Karachi Port

Activities of Karachi Port

The Karachi Port handled 137,301 tonnes of cargo comprising 95,589 tonnes of import cargo and 41,712 tonnes of export cargo including 5,577 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 95,5
Published 19 May, 2018 12:00am
Palm oil down on European vegoils market
Vegetable Oil

Palm oil down on European vegoils market

Palm oil on the European vegetable oils market eased on Wednesday, tracking weaker Malaysian palm on slowing export demand and lower CBOT soyaoil futures. Asking prices for palm oil were between $5 and $12.50 a tonne down after Malaysian palm oil futures
Published 19 May, 2018 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Thursday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,464. The traded value of Metals, Energy and COTS/FX was recorded at 4.102 billion and the number of lots traded was 9,285.
Published 19 May, 2018 12:00am
Chinese city of Taiyuan unveils fresh property curbs, joins six others

Chinese city of Taiyuan unveils fresh property curbs, joins six others

The Chinese city of Taiyuan in the coal-producing northern province of Shanxi tightened property controls on Friday, joining a slew of lower-tier cities that have rolled out fresh tightening measures in May, state media reported on Friday. Local residents
Published 19 May, 2018 12:00am
Dubai Aerospace in talks to place huge order for 400 jets

Dubai Aerospace in talks to place huge order for 400 jets

Dubai Aerospace Enterprise (DAE), one of the world's largest aircraft lessors, is in talks to buy a near-record total of 400 jetliners from Airbus and Boeing, its CEO told Reuters, in a $40 billion blowout that would match the order pipeline of rivals.
Published 19 May, 2018 12:00am
Berkshire doubles Teva stake, adds to Apple, ends a newspaper bet

Berkshire doubles Teva stake, adds to Apple, ends a newspaper bet

Warren Buffett's Berkshire Hathaway Inc said it has more than doubled its investment in generic drugmaker Teva Pharmaceutical Industries Ltd, and confirmed it has become Apple Inc's second-largest shareholder. Berkshire also shed an investment dating to t
Published 19 May, 2018 12:00am
Toyota plans to roll into China's EV market in GAC Motor vehicle

Toyota plans to roll into China's EV market in GAC Motor vehicle

Toyota Motor Corp is taking an unprecedented route to meet China's stringent green car quotas: its showrooms will sell an electric vehicle without the Japanese company's distinctive triple-oval logo. Instead, it will feature the label of GAC Motor, Toyota
Published 19 May, 2018 12:00am
BoJ inflation target recedes as consumers resist price rises

BoJ inflation target recedes as consumers resist price rises

Japan's core consumer price growth slowed in April for a second straight month, showing little of the inflationary momentum needed to reach the central bank's elusive 2 percent target. The weakness in April inflation is particularly unwelcome for the Bank
Published 19 May, 2018 12:00am
Canada inflation rate dips in April

Canada inflation rate dips in April

Canadian inflation cooled slightly in April, bolstering expectations the central bank will hold interest rates steady later this month and weakening the Canadian dollar. The annual inflation rate was 2.2 percent, Statistics Canada said on Friday. That was
Published 19 May, 2018 12:00am
Australia's Westpac hires complaints head

Australia's Westpac hires complaints head

No. 2 Australian lender Westpac Banking Corp said on Friday it had been "too slow" to resolve customer complaints and had created an executive role to handle them, as the country's financial sector responds to revelations of serious misconduct. Australia'
Published 19 May, 2018 12:00am
Ramazan: A time for thought, action, and change

Ramazan: A time for thought, action, and change

The month of Ramazan brings an opportunity to boost spiritual and physical harmony. During the whole month of Ramazan a psychological and physiological equilibrium is established restoring synchronisation to every faster's body, mind, and soul. According
Published 19 May, 2018 12:00am
Rooh Afza

Rooh Afza

We are sure that you must have not missed the latest Rooh Afza Zindagi Mubarak campaign by Hamdard Pakistan, as it capitalized on the power of unconditional love of a father towards his daughter and how he sends her Rooh Afza as a precious gift to make he
Published 19 May, 2018 12:00am
Leadership lessons from mothers

Leadership lessons from mothers

Replace the word mother with leader and it will make perfect management sense to all. While we pay tribute to mothers on international Mother's Day we must live the lessons that motherhood teaches not just on that day or at our homes but in every sphere o
Published 19 May, 2018 12:00am
Royal wedding a boost for Brexit-bound Britain

Royal wedding a boost for Brexit-bound Britain

The royal wedding of Prince Harry and his glamorous fiancee Meghan Markle is a moment of light relief for a Britain weighed down by political, social and economic woes. With growth shrinking and the government riven over Brexit, today's wedding is set to
Published 19 May, 2018 12:00am
ART FACTS: Personal narratives

ART FACTS: Personal narratives

The delicate, cultured and polite appearance of Meher Afroz's artworks rightly reflected the theme of her solo exhibition titled "Aap Beeti" at Chawkandi Art Gallery, Karachi. The images were closely related to her life - simple but illuminating.
Published 19 May, 2018 12:00am
Another configuration

Another configuration

Based on an imaginary colourful world Muhammad Atif Khan's solo exhibition titled "Mind Maps" at Canvas Gallery, Karachi captured the present day experiences along with Mughal era iconography in an imaginary land in search of love. Hence defining another
Published 19 May, 2018 12:00am
Stay fit and healthy this Ramazan
Vegetable Oil

Stay fit and healthy this Ramazan

The holy month of Ramazan is with us once again.Ramazan is the month of earning countless blessings and rewards. It is the month of sacrifices and generosity. Fasting for almost 30 days becomes easy with good health.However, if the balanced diet is not fo
Published 19 May, 2018 12:00am
Microchips get under the skin of technophile Swedes

Microchips get under the skin of technophile Swedes

It's the size of a grain of rice but could hold the key to many aspects of your life. A tiny microchip inserted under the skin can replace the need to carry keys, credit cards and train tickets.
Published 19 May, 2018 12:00am
As price comes down, risk goes up for Everest 'trophy hunters'

As price comes down, risk goes up for Everest 'trophy hunters'

Everest is the ultimate mountaineering "trophy", but the rising number of inexperienced climbers attempting to tackle the summit are running huge risks to reach the top of the world. An Indian airline pilot, a builder from Ohio and a former online media s
Published 19 May, 2018 12:00am
Frank Sinatra, five parts of a remarkable life

Frank Sinatra, five parts of a remarkable life

Crooner, charmer and fighter: Frank Sinatra died 20 years ago, leaving an indelible mark on the world. AFP draws on its archives to look over his exceptional life.
Published 19 May, 2018 12:00am
A few good women: female filmmakers at Cannes

A few good women: female filmmakers at Cannes

In a year dominated by the MeToo movement, the Cannes film festival - which starts last Tuesday - is feeling the heat to address glaring gender imbalances in the competition for its top prize, the Palme d'Or. But the numbers show the festival still has so
Published 19 May, 2018 12:00am
Leave the movie at the bedroom door, say Cannes couples

Leave the movie at the bedroom door, say Cannes couples

Hepburn and Tracey, Bogart and Bacall, Joel Coen and Frances McDormand: movie magic often has real-life love stories behind it, but star couples at Cannes say you must tread carefully when mixing work and romance. Spanish Oscar winners Penelope Cruz and J
Published 19 May, 2018 12:00am
BRIDGE NOTES: Fate won after all

BRIDGE NOTES: Fate won after all

Bridge has many stories of clever strategies to tell. Most of them from actual play reveal the greatness of the players in action when they perform brilliantly at the table in the heat of the moment. Such plays and defence measures can only come when the
Published 19 May, 2018 12:00am
Zeta-Jones to star in Facebook comedy 'Queen America'

Zeta-Jones to star in Facebook comedy 'Queen America'

British Oscar winner Catherine Zeta-Jones will star in the dark comedy "Queen America," the first major series produced by Facebook, which is seeking a foothold in the uber-competitive market for original content. The sultry 48-year-old actress, who took
Published 19 May, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 19 May, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 19 May, 2018 12:00am
State Bank of Pakistan conversion rates
Currency

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 19 May, 2018 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 19 May, 2018 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (May 18, 2018).

Published 19 May, 2018 12:00am
Currency notes: exchange rates
Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (May 18, 2018).

Published 19 May, 2018 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (May 18, 2018).
Published 19 May, 2018 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (May 18, 2018).

Published 19 May, 2018 12:00am
'National Icon Gala' organized

'National Icon Gala' organized

As part of national effort for revival of the film industry and cultural heritage, the Ministry of Information and Broadcasting organised a grand evening "National Icon Gala" to pay tributes to the iconic personalities from the world of Pakistani films, T
Published 19 May, 2018 12:00am
UN votes to send war crimes probe to Gaza

UN votes to send war crimes probe to Gaza

The UN Human Rights Council voted Friday to send a team of international war crimes investigators to probe the deadly shootings of Gaza protesters by Israeli forces. The UN's top human rights body voted through a resolution calling on the council to "urge
Published 19 May, 2018 12:00am
UN votes to send war crimes probe to Gaza

UN votes to send war crimes probe to Gaza

The UN Human Rights Council voted Friday to send a team of international war crimes investigators to probe the deadly shootings of Gaza protesters by Israeli forces. The UN's top human rights body voted through a resolution calling on the council to "urge
Published 19 May, 2018 12:00am
Ex-Malaysia PM to face graft probe as police seize jewellery, handbags

Ex-Malaysia PM to face graft probe as police seize jewellery, handbags

Ousted Malaysian Prime Minister Najib Razak has been summoned by the anti-graft agency amid a probe into troubled state fund 1MDB, sources said on Friday, after police launched pre-dawn raids on premises linked to Najib and confiscated jewellery, luxury h
Published 19 May, 2018 12:00am
Ex-Malaysia PM to face graft probe as police seize jewellery, handbags

Ex-Malaysia PM to face graft probe as police seize jewellery, handbags

Ousted Malaysian Prime Minister Najib Razak has been summoned by the anti-graft agency amid a probe into troubled state fund 1MDB, sources said on Friday, after police launched pre-dawn raids on premises linked to Najib and confiscated jewellery, luxury h
Published 19 May, 2018 12:00am
Caretaker setup: PM-Opposition leader meeting remains inconclusive

Caretaker setup: PM-Opposition leader meeting remains inconclusive

The meeting between Prime Minister Shahid Khaqan Abbasi and opposition leader in National Assembly Syed Khurshid Shah remained inconclusive and no decision was taken as to who would be the Caretaker Prime Minister. This was the situation after their fourt
Published 19 May, 2018 12:00am
Caretaker setup: PM-Opposition leader meeting remains inconclusive

Caretaker setup: PM-Opposition leader meeting remains inconclusive

The meeting between Prime Minister Shahid Khaqan Abbasi and opposition leader in National Assembly Syed Khurshid Shah remained inconclusive and no decision was taken as to who would be the Caretaker Prime Minister. This was the situation after their fourt
Published 19 May, 2018 12:00am
Differences between power minister, top bureaucrat deepen

Differences between power minister, top bureaucrat deepen

Secretary of Power Division Yousuf Naseem Khokhar on Friday took leave from office till the 31 May - the last day in the tenure of the incumbent government - soon after a major power crisis hit the country. On May 16, power supply across Punjab, KP and AJ
Published 19 May, 2018 12:00am
Differences between power minister, top bureaucrat deepen

Differences between power minister, top bureaucrat deepen

Secretary of Power Division Yousuf Naseem Khokhar on Friday took leave from office till the 31 May - the last day in the tenure of the incumbent government - soon after a major power crisis hit the country. On May 16, power supply across Punjab, KP and AJ
Published 19 May, 2018 12:00am
Differences between power minister, top bureaucrat deepen

Differences between power minister, top bureaucrat deepen

Secretary of Power Division Yousuf Naseem Khokhar on Friday took leave from office till the 31 May - the last day in the tenure of the incumbent government - soon after a major power crisis hit the country. On May 16, power supply across Punjab, KP and AJ
Published 19 May, 2018 12:00am
Japan, EU unfurl reprisals against Trump tariffs

Japan, EU unfurl reprisals against Trump tariffs

US key allies Japan and the EU notified the World Trade Organization Friday of a wave of retaliatory measures against US tariffs on steel and aluminium, raising the prospects of a trade war. Japan informed the WTO it had the right to impose tariffs on US
Published 19 May, 2018 12:00am
Japan, EU unfurl reprisals against Trump tariffs

Japan, EU unfurl reprisals against Trump tariffs

US key allies Japan and the EU notified the World Trade Organization Friday of a wave of retaliatory measures against US tariffs on steel and aluminium, raising the prospects of a trade war. Japan informed the WTO it had the right to impose tariffs on US
Published 19 May, 2018 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Pakistan Stock Exchange.

Published 19 May, 2018 12:00am
Government gets fiscal year 2019 budget passed by NA
Currency

Government gets fiscal year 2019 budget passed by NA

The National Assembly Friday approved federal budget of Rs 5.932 trillion for the fiscal year 2018-19 by incorporating certain amendments in the Finance Bill, 2018 amid opposition and criticism of the opposition parties. The Lower House of the Parliament
Published 19 May, 2018 12:00am
Government gets fiscal year 2019 budget passed by NA
Currency

Government gets fiscal year 2019 budget passed by NA

The National Assembly Friday approved federal budget of Rs 5.932 trillion for the fiscal year 2018-19 by incorporating certain amendments in the Finance Bill, 2018 amid opposition and criticism of the opposition parties. The Lower House of the Parliament
Published 19 May, 2018 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Pakistan Stock Exchange.

Published 19 May, 2018 12:00am
Government gets fiscal year 2019 budget passed by NA
Currency

Government gets fiscal year 2019 budget passed by NA

The National Assembly Friday approved federal budget of Rs 5.932 trillion for the fiscal year 2018-19 by incorporating certain amendments in the Finance Bill, 2018 amid opposition and criticism of the opposition parties. The Lower House of the Parliament
Published 19 May, 2018 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 19 May, 2018 12:00am
Ceasefire violations: Indian HC summoned

Ceasefire violations: Indian HC summoned

Pakistan summoned Indian High Commissioner on Friday and lodged with him a strong protest over the ceasefire violations along the Line of Control and the Working Boundary which resulted in loss of lives of four civilians of a family and injuries to 10 oth
Published 19 May, 2018 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Pakistan Stock Exchange.

Published 19 May, 2018 12:00am
Ceasefire violations: Indian HC summoned

Ceasefire violations: Indian HC summoned

Pakistan summoned Indian High Commissioner on Friday and lodged with him a strong protest over the ceasefire violations along the Line of Control and the Working Boundary which resulted in loss of lives of four civilians of a family and injuries to 10 oth
Published 19 May, 2018 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 19 May, 2018 12:00am
C/A deficit widens to $14 billion mark in 10 months

C/A deficit widens to $14 billion mark in 10 months

With massive goods import bill, the country's current account deficit widened to $14 billion mark in the first ten months of this fiscal year (FY18). The external account alone posted near about some 2 billion dollar current account deficit in April 2018.
Published 19 May, 2018 12:00am
C/A deficit widens to $14 billion mark in 10 months

C/A deficit widens to $14 billion mark in 10 months

With massive goods import bill, the country's current account deficit widened to $14 billion mark in the first ten months of this fiscal year (FY18). The external account alone posted near about some 2 billion dollar current account deficit in April 2018.
Published 19 May, 2018 12:00am
C/A deficit widens to $14 billion mark in 10 months

C/A deficit widens to $14 billion mark in 10 months

With massive goods import bill, the country''s current account deficit widened to $14 billion mark in the first ten months of this fiscal year (FY18). The external account alone posted near about some 2 billion dollar current account deficit in April 2018
Published 19 May, 2018 12:00am
Water talks on 21st in Washington

Water talks on 21st in Washington

Pakistan and India are to hold talks on controversial hydroelectric projects under construction in Held Kashmir on May 21 in Washington under the auspices of the World Bank, official sources told Business Recorder. Pakistani delegation will compris
Published 19 May, 2018 12:00am
Water talks on 21st in Washington

Water talks on 21st in Washington

Pakistan and India are to hold talks on controversial hydroelectric projects under construction in Held Kashmir on May 21 in Washington under the auspices of the World Bank, official sources told Business Recorder. Pakistani delegation will compris
Published 19 May, 2018 12:00am
Water talks on 21st in Washington

Water talks on 21st in Washington

Pakistan and India are to hold talks on controversial hydroelectric projects under construction in Held Kashmir on May 21 in Washington under the auspices of the World Bank, official sources told Business Recorder. Pakistani delegation will compris
Published 19 May, 2018 12:00am
Kishanganga Hydroelectric Project: Pakistan concerned at inauguration

Kishanganga Hydroelectric Project: Pakistan concerned at inauguration

Pakistan on Friday expressed serious concern about inauguration of Kishanganga Hydroelectric Project (KHEP) by India in violation of the Indus Waters Treaty (IWT). "Pakistan is seriously concerned about the inauguration of Kishanganga Hydroelectric Projec
Published 19 May, 2018 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (May 18, 2018).

Published 19 May, 2018 12:00am
Kishanganga Hydroelectric Project: Pakistan concerned at inauguration

Kishanganga Hydroelectric Project: Pakistan concerned at inauguration

Pakistan on Friday expressed serious concern about inauguration of Kishanganga Hydroelectric Project (KHEP) by India in violation of the Indus Waters Treaty (IWT). "Pakistan is seriously concerned about the inauguration of Kishanganga Hydroelectric Projec
Published 19 May, 2018 12:00am
Kishanganga Hydroelectric Project: Pakistan concerned at inauguration

Kishanganga Hydroelectric Project: Pakistan concerned at inauguration

Pakistan on Friday expressed serious concern about inauguration of Kishanganga Hydroelectric Project (KHEP) by India in violation of the Indus Waters Treaty (IWT). "Pakistan is seriously concerned about the inauguration of Kishanganga Hydroelectric Projec
Published 19 May, 2018 12:00am
Bearish trend continues

Bearish trend continues

Bearish trend continued on Pakistan Stock Exchange (PSX) due to selling in various sectors. BRIndex100 lost 32.58 points or 0.73 percent to close at 4,420.88 points on Friday. During the session, the BRIndex-100 touched an intraday high of 4,464.04 and an
Published 19 May, 2018 12:00am
Bearish trend continues

Bearish trend continues

Bearish trend continued on Pakistan Stock Exchange (PSX) due to selling in various sectors. BRIndex100 lost 32.58 points or 0.73 percent to close at 4,420.88 points on Friday. During the session, the BRIndex-100 touched an intraday high of 4,464.04 and an
Published 19 May, 2018 12:00am
THE RUPEE: all-round gains
Currency

THE RUPEE: all-round gains

The rupee depicted modest improvement against the dollar on the money market on Friday in the process of trading activity, dealers said. The rupee picked up two paisas in relation to the dollar for buying and selling Rs 115.58 and Rs 115.60 respectively,
Published 19 May, 2018 12:00am
Bearish trend continues

Bearish trend continues

Bearish trend continued on Pakistan Stock Exchange (PSX) due to selling in various sectors. BRIndex100 lost 32.58 points or 0.73 percent to close at 4,420.88 points on Friday. During the session, the BRIndex-100 touched an intraday high of 4,464.04 and an
Published 19 May, 2018 12:00am
THE RUPEE: all-round gains
Currency

THE RUPEE: all-round gains

The rupee depicted modest improvement against the dollar on the money market on Friday in the process of trading activity, dealers said. The rupee picked up two paisas in relation to the dollar for buying and selling Rs 115.58 and Rs 115.60 respectively,
Published 19 May, 2018 12:00am
Many feared dead, injured in passenger plane crash in Cuba

Many feared dead, injured in passenger plane crash in Cuba

A Boeing 737 plane crashed on Friday shortly after taking off from Havana's main airport on a domestic flight, with a number of people feared dead or injured, Reuters witnesses and officials said. There were at least three possible survivors among the 105
Published 19 May, 2018 12:00am
Top Paris restaurant probed over 'anti-Arab discrimination'

Top Paris restaurant probed over 'anti-Arab discrimination'

French authorities launched an investigation Friday into accusations that a top Parisian restaurant, favoured by celebrities like Kim Kardashian and Rihanna, systematically sought to decline reservations from Arab, African or veil-wearing customers. The B
Published 19 May, 2018 12:00am
Written off loans: SC issues notices to individuals, companies

Written off loans: SC issues notices to individuals, companies

The Supreme Court on Friday issued notices to individuals / companies who got loans of Rs 54 billion written off. A two-member bench, headed by Chief Justice Mian Saqib Nisar and comprising Justice Mushir Alam, hearing a suo motu case No 26 of 2007 with H
Published 19 May, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (May 18, 2018).

Published 19 May, 2018 12:00am
Written off loans: SC issues notices to individuals, companies

Written off loans: SC issues notices to individuals, companies

The Supreme Court on Friday issued notices to individuals / companies who got loans of Rs 54 billion written off. A two-member bench, headed by Chief Justice Mian Saqib Nisar and comprising Justice Mushir Alam, hearing a suo motu case No 26 of 2007 with H
Published 19 May, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (May 18, 2018).

Published 19 May, 2018 12:00am
US doesn't give up 'do more' mantra

US doesn't give up 'do more' mantra

The United States on Friday expressed hope that Pakistan will be a partner in safeguarding the region and would "do more" to uphold regional peace in South Asia. The statement was passed by Assistant to the Secretary of Defence for Public Affairs Dana Whi
Published 19 May, 2018 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (May 18, 2018).

Published 19 May, 2018 12:00am
US doesn't give up 'do more' mantra

US doesn't give up 'do more' mantra

The United States on Friday expressed hope that Pakistan will be a partner in safeguarding the region and would "do more" to uphold regional peace in South Asia. The statement was passed by Assistant to the Secretary of Defence for Public Affairs Dana Whi
Published 19 May, 2018 12:00am
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