News Archives for Print - 2019-03-05

Print - 2019-03-05

Banks lift FTSE 100 as trade optimism reigns; Ted Baker rallies

Britain's FTSE 100 rose on Monday as financial firms gained on reports China and the United States were nearing a trade deal, a stronger dollar helped exporter stocks, while clothing retailer Ted Baker advanced after CEO Ray Kelvin's resignation.

Published 05 Mar, 2019 12:00am

Aussie, kiwi struggle

The Australian and New Zealand dollars flatlined on Monday as disappointing domestic data offset reports Washington and China were nearing a truce in their long trade war. The Aussie dollar was stuck at $0.7088, having topped out at $0.7127 last week. Sup

Published 05 Mar, 2019 12:00am

Chinese yuan, Aussie up in Asia

The Australian dollar and the Chinese yuan inched up on hopes Washington and Beijing were close to a trade deal after a bitter year-long tariff dispute. Fuelling such expectations was a report from the Wall Street Journal on Sunday that said the United St

Published 05 Mar, 2019 12:00am

Early trade in New York: dollar strengthens on hopes for US-China trade deal

The dollar rose against a basket of major currencies on Monday on traders' bets that China and the United States are moving closer to a trade deal that would end sparring between the world's two biggest economies. The greenback gained for a fourth straigh

Published 05 Mar, 2019 12:00am

Currency

Dollar extends rising streak in Europe

The dollar edged higher against its rivals on Monday on the back of widening weakness in the euro, with a broad low volatility environment encouraging hedge funds to add to bullish bets. While the Federal Reserve has pressed the pause button on its multi-

Published 05 Mar, 2019 12:00am

Turkey extends revenue to lira decree

Turkey has extended by six months a decree announced in September under which exporters must convert 80 percent of their foreign exchange revenue into lira within 180 days of receiving payment, the Official Gazette said on Sunday.

Published 05 Mar, 2019 12:00am

Currency

Most Asian currencies soften, yuan gains

Most Asian currencies were slightly weaker on Monday, with the exception of the Chinese yuan, as investors anticipated an imminent resolution to the US-China trade dispute and new policies from Beijing aimed at boosting Asia's largest economy.

Published 05 Mar, 2019 12:00am

Latam FX range bound

Most Latin American currencies were range bound in low volume holiday trading on Monday, while stock indices in the region were mixed even as other emerging market peers rose on optimism over the United States and China nearing a trade deal. US President

Published 05 Mar, 2019 12:00am

Currency

Sterling falls as May tries to clinch Brexit compromise

Sterling fell on Monday as Prime Minister Theresa May's top lawyer tried to clinch a Brexit compromise with the European Union in a last-ditch bid to win over rebellious British lawmakers.

Published 05 Mar, 2019 12:00am

Central Africa peace deal under strain as militias quit

Less than a month after it was signed, the Central African Republic's peace agreement was under strain on Monday after five militia groups either pulled out or rejected the make-up of the new government. The peace pact, negotiated in the Sudanese capital

Published 05 Mar, 2019 12:00am

Traffic jams as French customs officials strike over Brexit

Long traffic jams formed Monday at French Channel ports after customs officers staged a work-to-rule strike to press demands for extra staff and more pay ahead of Britain's departure from the EU. Trucks were backed up several kilometres (miles) on roads l

Published 05 Mar, 2019 12:00am

Two young Palestinian killed

Israeli forces on Monday shot and killed two young Palestinians who carried out a car-ramming attack in the occupied West Bank, injuring a soldier and a policeman, police and the army said. The army said security forces fired at three assailants, "neutral

Published 05 Mar, 2019 12:00am

US deploys THAAD missile defence in Israel for exercise

The United States has deployed its advanced THAAD missile defence system temporarily to Israel for a joint military exercise, the first of its kind, officials said Monday. The two countries confirmed the deployment, with Israel's military stressing it was

Published 05 Mar, 2019 12:00am

Four US tourists, pilot killed in Kenya chopper crash

Four American tourists and a Kenyan pilot were killed when their helicopter crashed on a remote island in a lake in northwest Kenya, police said Monday. The accident occurred in the Central Island National Park in Lake Turkana on Sunday evening, police sa

Published 05 Mar, 2019 12:00am

US downgrades its Palestinian diplomatic mission

The United States downgraded its diplomatic mission to the Palestinians on Monday, the latest in a series of steps by President Donald Trump's White House Palestinian leaders say is aimed at wiping out their cause.

Published 05 Mar, 2019 12:00am

Medical helicopter crash in southwest Iran kills five

An emergency medical helicopter crashed in a southwestern Iranian village on Monday en route to treat a pregnant mother, killing all five people on board, state TV reported. "Following the request to save the life of a 26-year old pregnant mother who need

Published 05 Mar, 2019 12:00am

China suspects detained Canadian of spying

China suspects detained former Canadian diplomat Michael Kovrig of spying and stealing state secrets, state media reported Monday, turning up the heat in a diplomatic row between Beijing and Ottawa as a top Huawei executive faces possible extradition.

Published 05 Mar, 2019 12:00am

The Prodigy icon Keith Flint dies

Keith Flint, the frenetic frontman of British rave icons The Prodigy, has died at the age of 49, the electronic pop group said Monday. Flint took his own life, his bandmate Liam Howlett said on The Prodigy's official Instagram account.

Published 05 Mar, 2019 12:00am

Putin suspends INF arms treaty with US

President Vladimir Putin on Monday officially suspended Russia's participation in a key Cold War-era arms treaty, after the US first moved to ditch the INF deal. Putin "signed a decree regarding the suspension of Russia's participation in the agreement be

Published 05 Mar, 2019 12:00am

Cotton

Cotton futures slip 1pc on speculative selling, weak demand

ICE cotton futures fell nearly 1 percent on Monday, pressured by speculative selling and weaker demand, while a slide in the equity markets added to the downbeat sentiment.

Published 05 Mar, 2019 12:00am

Deficit expectations fuel nickel's climb to six-month peak

Nickel prices climbed to a six-month peak on Monday as expectations of a fourth consecutive year of supply deficit were reinforced by signs of robust demand from stainless steel mills in China.

Published 05 Mar, 2019 12:00am

Libya's NOC lifts force majeure at El Sharara oilfield

Libyan state oil company (NOC) said it has lifted force majeure at the El Sharara oilfield on Monday. NOC said that production will resume within next few hours with regular output will be reached over the coming days. The 315,000 barrels a day field was

Published 05 Mar, 2019 12:00am

Oil prices edge up on US-China trade hopes, Opec+ cuts

Oil prices rose slightly on Monday as the United States and China appeared closer to reaching a formal agreement to end a trade war that has slowed global economic growth while Russia said it would speed up its crude production cuts. Gains were tempered b

Published 05 Mar, 2019 12:00am

Tokyo rubber rises

Tokyo Commo-dity Exchange (TOCOM) futures, which set the tone for rubber prices in Southeast Asia, rose on Monday despite a fall in Shanghai rubber futures The benchmark Tokyo Commodity Exchange (TOCOM) rubber contract for August delivery finished 2.2 yen

Published 05 Mar, 2019 12:00am

Vegetable Oil

Palm oil tumbles on higher output forecast

Malaysian palm oil futures fell on Monday, retreating from their highest level in a week following a forecast of ballooning production for 2018-2019 compared with the preceding period.

Published 05 Mar, 2019 12:00am

South Africa's 2019 maize crop seen 20 percent lower

South Africa is likely to harvest 20 percent less maize in 2019 compared with the previous season after drought conditions delayed plantings in some corn growing areas, a Reuters poll of five traders and market analysts showed on Tuesday.

Published 05 Mar, 2019 12:00am

New York cocoa tumbles to 2019 lows, arabica coffee falls

New York cocoa futures on ICE fell on Monday to their lowest since mid-December, weighed down by plentiful supplies in top grower Ivory Coast, while arabica coffee prices also fell, eyeing the more than five-month lows set last week.

Published 05 Mar, 2019 12:00am

Gold gains in Asia

Gold prices inched up on Monday, after falling below the critical $1,300 level to their lowest since Jan. 25 in the previous session, as the dollar softened on prospects of a trade deal between China and the United States.

Published 05 Mar, 2019 12:00am

Currency

Gold slides in Europe

Gold dipped to a more than five-week low on Monday as optimism around a possible trade deal between the United States and China helped whet risk appetite, while platinum shed 3 percent.

Published 05 Mar, 2019 12:00am

US MIDDAY: soyabeans up

Chicago soyabean futures climbed higher on Monday amid news reports that Beijing and Washington are close to settling a lingering trade dispute, a breakthrough that could boost China's demand for US soya and other agricultural products. Corn also rose, pu

Published 05 Mar, 2019 12:00am

US MIDDAY: gold dips

Gold dipped to a more than five-week low in early trade in New York on Monday as optimism about a possible trade deal between the United States and China helped whet risk appetite, while platinum shed 3 percent.

Published 05 Mar, 2019 12:00am

Mutual Funds

Nishat Chunian Limited

Nishat Chunian Limited (PSX: NCL) is one of the largest textile composites in Pakistan and has had quite the journey. The company was set up in as a spinning mill of 14,000 spindles and now boasts of a vertically integrated unit with approximate annual pr

Updated 05 Mar, 2019 10:21am

Mutual Funds

Nishat Chunian Limited

Published 05 Mar, 2019 12:00am

PCJCCI initiates business matchmaking with Singapore

Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) president Shah Faisal Afridi has said that Pakistan and Singapore need to exchange frequent trade delegations to explore the huge trade potential between the countries.

Published 05 Mar, 2019 12:00am

Four projects: MoI moves ECO for release of Rs 769 million grant

Ministry of Interior has approached Economic Coordination Committee (ECC) of the Cabinet for release of technical grant of Rs 769 million extended by the US embassy Islamabad for four projects, well-informed sources told Business Recorder.

Published 05 Mar, 2019 12:00am

Imran Ismail inaugurates complaint cell at Governor's House

The Governor's Complaint Cell was formally inaugurated at Sindh Governor's House where public is allowed to drop their complaints directly or they may submit complaints electronically on website www.governorsindh.gov.pk which is also run under the Cell. A

Published 05 Mar, 2019 12:00am

ECC's approval today: SSGCL to be allocated 9mmcfd gas from Fazl X-1 field

The Economic Coordination Committee (ECC) of the Cabinet which is scheduled to meet today (Tuesday) will approve allocation of 9 mmcfd gas from Fazl X-1 gas field to Sui Southern Gas Pipeline Limited (SSGCL). Fazl X-1 gas field is located in Hala Block in

Published 05 Mar, 2019 12:00am

SBP adopts AAOIFI Shariah standards

The State Bank of Pakistan (SBP) has announced adoption of Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) Shariah standards. With a view to further strengthening Shariah compliance framework and harmonize the Shariah prac

Published 05 Mar, 2019 12:00am

Total strength of federal government employees stands at 581,240

The total strength of federal government employees is 581,240 including 32,334 female employees and 16,711 non-Muslim employees, says the Establishment Division Report 2017-18. The report revealed that sanctioned posts are 660,657 against the filled seats

Published 05 Mar, 2019 12:00am

FBR finds discrepancies during audit of several sectors

The Federal Board of Revenue (FBR) has unearthed serious discrepancies to the tune of millions of rupees during special audit of several sectors, including plastic, textile, oil, re-rollers/re-melters, users of duties and taxes remission for export (DTRE)

Published 05 Mar, 2019 12:00am

Long-term plan for CPEC: Punjab government focus on economic growth, HR development

Chairman Planning & Development (P&D) Habib-ur-Rehman Gilani has said Punjab is supporting the federal government in finalizing the long-term plan (LTP) for China Pakistan Economics corridor (CPEC) by ensuring its sectoral priorities and targeting the reg

Published 05 Mar, 2019 12:00am

Cotton

10.7 million cotton bales reach ginneries

Seed cotton (Phutti) equivalent to 10,741,381 bales reached ginneries across Pakistan till March 1, 2019, registering a shortfall of 6.80 per cent, compared with the corresponding period of the last year. Out of total arrivals, 10,721,330 bales have under

Published 05 Mar, 2019 12:00am

Buzdar seeks recommendations to improve traffic system

The Punjab Chief Minister Sardar Usman Buzdar has sought recommendations from traffic police and other line departments to improve the traffic system in the province. The CM has directed to initiate necessary steps for reducing traffic congestion in Lahor

Published 05 Mar, 2019 12:00am

Nishat Group, Rungis Market explore avenues of business

Mian Mohammad Mansha, Chairman of Nishat Group, one of the leading business conglomerates in Pakistan, held meetings with the Chairman/CEO of Rungis Market to discuss potential avenues of mutual cooperation in the agriculture sector. Rungis Market is the

Published 05 Mar, 2019 12:00am

OIC endorses joint parliament's resolution: FM

Foreign Minister Shah Mehmood Qureshi has said that Organisation of Islamic Cooperation's (OIC) resolutions condemning Indian brutalities in Occupied Kashmir have endorsed the unanimous resolution passed by the joint sitting of the Parliament. While givin

Published 05 Mar, 2019 12:00am

National Aviation Policy 2019 finalised

National Aviation Policy (NAP) 2019 has been finalised in consultation with all stakeholders and will be sent to the Federal Cabinet for approval. According to PCAA officials, this decision was taken in a high-level consultative meeting at Civil Aviation

Published 05 Mar, 2019 12:00am

Inland Revenue recovers default amount partially

The Inland Revenue staff recovered default amount partially from a local importer while freezing his bank accounts. According to sources, the tax officials recovered over one million rupees out of the defaulted amount of Rs 6 million with reference to sal

Published 05 Mar, 2019 12:00am

Nestlé Pakistan kicks-off country-wide tree plantation drive

Nestlé Pakistan commits to planting 50,000 trees across its operational areas in Pakistan as part of the Prime Minister's Clean Green Pakistan initiative. Nestlé Pakistan's commitment is also part of the ten billion tress tsunami campaign launched by the

Published 05 Mar, 2019 12:00am

LHC seeks reply from government on Shahbaz's plea

A division bench of the Lahore High Court on Monday sought reply from the federal government and others by March 12 on a petition of Leader of Opposition in National Assembly Shahbaz Sharif challenging government's decision of placing his name on Exit Con

Published 05 Mar, 2019 12:00am

Palpa announces support for national defence

Pakistan Airline Pilots' Association (Palpa) has extended its support to Prime Minister Imran Khan concerning the seriousness of the situation along Eastern border. President Palpa Captain Rizwan Gondal in his letter to the Prime Minister lauded his visio

Published 05 Mar, 2019 12:00am

BOP announces dividend payout after a decade

A meeting of the Board of Directors of The Bank of Punjab (BOP) was held on March 04, 2019. During the meeting, audited financial statements of the Bank for the year ended December 31, 2018 were approved by the Board.

Published 05 Mar, 2019 12:00am

Business community fully aware of its responsibility: FCCI

President Faisalabad Chamber of Commerce & Industry (FCCI) Syed Zia Alumdar Hussain has said that the business community of Faisalabad is fully aware of its Corporate Social Responsibility (CSR) and is successfully managing many free education and health

Published 05 Mar, 2019 12:00am

Currency

Construction industry: Body to be formed to evaluate, redress issues

To evaluate and redress the issues of construction industry, the Punjab government has directed the officials concerned to constitute a committee. During a meeting with a delegation of the Constructors Association of Pakistan (CAP) here on Monday, which w

Published 05 Mar, 2019 12:00am

Zardari set to visit South Punjab soon

Co-chairman Pakistan Peoples Party (PPP) Asif Zardari said on Tuesday that he would start his political activities in Punjab with a tour to South Punjab soon. He said the PPP was able to perform well in the field of politics but it was abstaining from pol

Published 05 Mar, 2019 12:00am

Partly Facetious: A new breed of politicians

"There is one man who has benefited from the most recent Indian adventurism or to be more accurate mis-adventurism."

Published 05 Mar, 2019 12:00am

Perjury: SC orders legal proceedings against cop

The Supreme Court on Monday ordered legal proceedings against a policeman for committing perjury. A three-judge bench, headed by Chief Justice Asif Saeed Khosa, was hearing a murder case in which false evidence was given. ASI Khizar Hayat, who was summone

Published 05 Mar, 2019 12:00am

Regular courts start functioning in tribal districts

Regular courts have started functioning in all the tribal districts on Monday. Registrar Peshawar High Court Khawaja Wajih Uddin said that 28 judicial officers and 18 prosecutors have been posted in the tribal districts. The registrar said special trainin

Published 05 Mar, 2019 12:00am

Blasphemous material: IHC directs PTA to implement high court's earlier judgement

The Islamabad High Court (IHC) Monday disposed of a writ petition seeking the court's directions for the government to cut off its diplomatic relations with the Netherlands over sacrilegious caricatures contest. A single bench of IHC comprising Justice Mo

Published 05 Mar, 2019 12:00am

Biometric system introduced in E&T department

Islamabad administration Monday launched biometric system in Excise and Taxation (E&T) Department to curb fraudulent activities at the time of sale and purchase of vehicles in connivance with excise officials and the agent mafia.

Published 05 Mar, 2019 12:00am

APNS condolence

Hameed Haroon, President and Sarmad Ali, Secretary General of the All Pakistan Newspapers Society have expressed profound grief on behalf of APNS office bearers and members of the Executive Committee over the sad demise of Moin Gul father of Muhammad Tahi

Published 05 Mar, 2019 12:00am

Ahsan Zafar Syed made Engro Energy's CEO

Engro Corporation announced the appointment of Ahsan Zafar Syed as the Chief Executive Officer of Engro Energy Limited (EEL) - a wholly owned subsidiary of Engro Corporation Limited (ECORP). Engro Energy is the flagship entity of the group that operates i

Published 05 Mar, 2019 12:00am

Guard robs cash, jewellery from bank

A security guard of a private bank in Gulshan-e-Iqbal took away cash and jewellery after breaking around 50 out of some 86 lockers of the branch on Monday. Police investigation suggested that the main accused - branch's guard Kashif Raza - had a criminal

Published 05 Mar, 2019 12:00am

MCC East, West collect Rs 485.85 billion in eight months

Model Customs Collectorates (MCC), Appraisement East and West have collected Rs 485.85 billion during eight months of current fiscal year. According to the provisional statistics, the MCC, East has collected Rs 304.451 billion during eight months of ongoi

Published 05 Mar, 2019 12:00am

Furnace oil sales decline by 31 percent on YoY basis in February

The furnace oil sales have declined by 31 percent on year-on-year basis in February 2019 due to its lower consumption in power generation sector. Total oil sales in the country posted decline of 2 percent during this month. However, MOGAS sales posted 10-

Published 05 Mar, 2019 12:00am

PAC chairman: opposition warns boycott of Sindh Assembly

Majority of the opposition parties Monday announced boycott of the Sindh Assembly proceedings after failing to get chairmanship of the Public Accounts Committee (PAC) of the provincial legislature. The PTI, MQM and GDA announced to hold their session outs

Published 05 Mar, 2019 12:00am

SU vice chancellor urges archaeologists to help preserve Sindh heritage sites

Inspired by the extraordinary importance of the greater Indus Valley civilization including the world famous cultural properties such as Mohen-jo-daro and Makli, the idea of establishing a research centre i.e. Centre for Indus Valley Integrated Studies (C

Published 05 Mar, 2019 12:00am

Sindh government, World Bank to launch $2 billion uplift projects for Karachi

Sindh Chief Minister Syed Murad Ali Shah and World Bank high-powered delegation have, in principle, agreed to start $2 billion projects to make Karachi one of the most developed and beautiful cities of the world. The projects which the two sides discussed

Published 05 Mar, 2019 12:00am

Sindh government, World Bank to launch $2 billion uplift projects for Karachi

Published 05 Mar, 2019 12:00am

86,381 victims rescued by 1122 in February

The Punjab Emergency Service (Rescue 1122) rescued about 86,381 victims while responding to 86,180 emergencies in the month of February across the province with an average response time of seven minutes.

Published 05 Mar, 2019 12:00am

US tries to safeguard Afghan peace push from India-Pakistan standoff

The United States is trying to prevent simmering tensions between India and Pakistan from impacting a third country: Afghanistan, where a fragile peace push is underway to try to end more than 17 years of war with Taliban insurgents. US President Donald T

Published 05 Mar, 2019 12:00am

483 Sindh government employees enter into 'VR' with NAB: SHC informed

As many as 483 employees of Sindh government entered into 'Voluntary Return' (VR) with National Accountability Bureau (NAB) in corruption cases, Sindh High Court (SHC) was informed on Monday.

Published 05 Mar, 2019 12:00am

Malala writes letter to Imran, Modi to defuse tensions

Malala Yousafzai, has written letters to the prime ministers of India and Pakistan urging them to "defuse the rising tensions" between the two countries. As per a statement, a letter signed by the Nobel laureates, under the aegis of the Laureates and Lead

Published 05 Mar, 2019 12:00am

Sindh demands centre to hand over control of JPMC, NICVD

Advisor to Sindh Chief Minister on information Murtaza Wahab on Monday demanded of the federal government to handover administrative control of two major hospitals in Karachi to the provincial government. Talking to the journalists, Murtaza Wahab asked th

Published 05 Mar, 2019 12:00am

Sana Naz's case: DSF commemorates success of acid burnt victim

Depilex Smileagain Foundation (DSF) on Monday commemorated the success of an acid burnt victim, Sana Naz's case. Sana Naz, a young girl from Karachi was registered with DSF in 2016 after a man threw acid on her because of a grudge due to which she got sev

Published 05 Mar, 2019 12:00am

ASI killed in targeted attack

Armed motorcyclists shot dead an Assistant Sub Inspector (ASI) of police in Orangi Town, here on Monday. Two gunmen riding a motorbike opened multiple fires at Rizwan, son of Abdul Karim Mughal, an ASI of police, near Subhani Masjid in Orangi Town No-03.

Published 05 Mar, 2019 12:00am

249 cops get firing training

The city police have imparted training to 249 police officers of City Division in firing practice with SMG guns and Beretta pistols during the last week. Sharing weekly performance of Headquarters Wing, SP Headquarters Syed Karrar Hussain told reporters s

Published 05 Mar, 2019 12:00am

Philip Morris (Pakistan) closes Kotri unit

Philip Morris (Pakistan) Limited (PMPKL), a leading cigarette manufacturer Monday announced closure of one of its manufacturing facility under the strategic revision. According to the company announcement, PMPKL will reorganize its cigarette-manufacturing

Published 05 Mar, 2019 12:00am

Government departments including media: PML-N government left dues worth Rs 6 billion, Senate told

State Minister for Revenue Hammad Azhar on Monday informed the Senate that a list of all the outstanding bills is being prepared as the previous government has left arrears worth Rs 5 to 6 billion to be paid to different government departments as well as

Published 05 Mar, 2019 12:00am

Blasphemy law: opposition members demand trial of Vawda

The opposition members in the National Assembly on Monday severely criticised Minister for Water Resources Faisal Vawda for saying "if there is any other big person on this earth after Allah, its Imran Khan" and demanded his trial under the blasphemy law

Published 05 Mar, 2019 12:00am

Identification parade: SC approves provisions, safeguards set out by LHC

The Supreme Court has ruled that the requirements and safeguards declared in the Lahore High Court judgement are to be meticulously followed and observed in all the test identification parades held in connection with criminal cases.

Published 05 Mar, 2019 12:00am

China ready to play constructive role easing tension

A spokesman of the Chinese Foreign Ministry, Lu Kang said that the Chinese government is ready to play constructive role, easing tension between the Pakistan and India. "The Chinese side has maintained close communication with Pakistan and India and has b

Published 05 Mar, 2019 12:00am

18 killed, 38 injured in torrential rains during four days

Flash floods triggered by winter rains killed at least 18 persons and injured 38 others over the past four days in the country, said National Disaster Management Authority (NDMA) on Monday. According to the NDMA, the rains from March 1 to March 3 resulted

Published 05 Mar, 2019 12:00am

Launch of new trains: Railways to procure 230 passenger coaches

Pakistan Railways (PR) has decided to procure 230 long-distance passenger coaches, 800 high capacity wagons and 20 brake vans to meet increasing demand and generate revenue after the launch of new trains. Railways Minister Sheikh Rashid Ahmed recently ann

Published 05 Mar, 2019 12:00am

India's sinister designs thwarted

India had to reverse its planned missile attacks on eight places inside Pakistan following a message was conveyed to Indian side that any such action will be retaliated with a threefold force, according to media reports. Reports while citing senior govern

Published 05 Mar, 2019 12:00am

Urs of Sufi Moinuddin Chishti: India rejects visas to 500 Pakistani pilgrims

Federal Minister for Religious Affairs and Interfaith Harmony Pir Noorul Haq Qadri said on Monday that India has refused to issue visas to 500 Pakistanis wishing to attend the Urs (death anniversary) of Sufi Saint Khawaja Moinuddin Chishti at Dargah Ajmer

Published 05 Mar, 2019 12:00am

Pakistan-India tension: consultative meeting held at FO

Foreign Minister Shah Mehmood Qureshi Monday said that the entire world witnessed that Pakistan stands for peace in the face of Indian warmongering. The foreign minister chaired an important consultative meeting at Foreign Office, which was attended by Fo

Published 05 Mar, 2019 12:00am

Withdrawal of MFN status: tit for tat action against India ruled out

Pakistan has reportedly decided not to opt for tit for tat policy with India with respect to trade ties despite withdrawal of Most Favoured Nation (MFN) status after Pulwama attack in Held Kashmir, well informed sources told Business Recorder.

Published 05 Mar, 2019 12:00am

Issuance of Energy Sukuk

It is good to know that in order to address the longstanding circular debt issue, the federal government has issued the first five-year Pakistan Energy Sukuk-I (PSE-I) worth Rs 200 billion. According to a Business Recorder news item, the issuance o

Published 05 Mar, 2019 12:00am

Easier for China to face tariffs than bend to US pressure

China will acknowledge concessions made in any trade deal with the United States for the sake of stabilising shaky relations, but is unlikely to yield to demands it alter its economic model even if faced with continued tariffs, many trade experts believe.

Published 05 Mar, 2019 12:00am

The day of the proxy warrior is over

Thankfully, the turn from belligerency towards relative de-escalation seems to have set in between Pakistan and India. The current crisis in relations between the two South Asian neighbours was triggered by the Pulwama suicide attack that killed 44 Indian

Published 05 Mar, 2019 12:00am

The employment Situation

The findings from the Labor Force Survey (LFS) of 2017-18 have been released recently by the Pakistan Bureau of Statistics (PBS). The last such survey was for 2014-15. There is need to appreciate the speed with which a survey of 43,472 households was unde

Published 05 Mar, 2019 12:00am

Shooting oneself in the foot

Foreign Minister Shah Mahmood Qureshi announced in the joint session of parliament on March 1, 2019 that he had decided not to attend the foreign ministers' meeting at the 46th session of the Organisation of Islamic Conference (OIC) after a resolution was

Updated 09 Mar, 2019 10:14am

Stabilisation versus growth

The present government does not boast or is shy of stating the truth about the economy of Pakistan. In a meeting of the National Assembly Standing Committee on Finance, the Minister of State for Revenue, Hammad Azhar acknowledged openly that the GDP growt

Updated 09 Mar, 2019 10:13am

Crowds greet Guaido as opposition leader returns to Venezuela

Venezuela's opposition leader Juan Guaido was mobbed by supporters, media and the ambassadors of allied countries as he returned to Caracas on Monday, defying the threat of arrest from embattled President Nicolas Maduro's regime. Just before his arrival,

Published 05 Mar, 2019 12:00am

Crowds greet Guaido as opposition leader returns to Venezuela

Published 05 Mar, 2019 12:00am

Rise in transmission, distribution losses: RLNG prices cut for March

The Oil and Gas Regulatory Authority (Ogra) has reduced prices of Re-gasified Liquefied Natural Gas (RLNG) for current month. However, transmission and distribution losses have been increased from 8.07 percent to 11.12 percent for RLNG consumers which are

Published 05 Mar, 2019 12:00am

Rise in transmission, distribution losses: RLNG prices cut for March

Published 05 Mar, 2019 12:00am

Rise in transmission, distribution losses: RLNG prices cut for March

Published 05 Mar, 2019 12:00am

Consideration of finance bill in Senate: Parliamentary panel rejects motion seeking amendments to rules

A parliamentary panel on Monday rejected a motion seeking to effect amendments in the rules related to consideration of the Finance Bill in the Senate. The Senate Committee on Rules of Procedures and Privileges, which met here under the chairpersonship of

Published 05 Mar, 2019 12:00am

Consideration of finance bill in Senate: Parliamentary panel rejects motion seeking amendments to rules

Published 05 Mar, 2019 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	158.33
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
India Sensex / Apr 26	73730.16
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Hang Seng / Apr 26	17651.15
FTSE 100 / Apr 26	8139.83
Dow Jones / Apr 26	38239.66
Germany DAX 30 / Apr 26	18161.01

Item	Value
Crude Oil USD/Barrel / Apr 26	83.85
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 26	210048
Gold Spot USD/Ounce / Apr 26	2337.96
Cotton US¢/pound / Apr 26	80.90
Petrol/Litre / Apr 27	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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