News Archives for Print - 2019-03-10

West Indies crash to second lowest T20 total

West Indies were dismissed for the second lowest ever T20 international total of just 45 as England swept to a 137-win on Friday. Chasing 183 to win, the world champion West Indies just avoided the lowest ever total of 39 made by non-Test Netherlands agai

Published 10 Mar, 2019 12:00am

Serena beats Azarenka in Indian Wells

Serena Williams out-gunned Victoria Azarenka 7-5, 6-3 in an electrifying clash of former world number ones on Friday to reach the third round at Indian Wells. The two raised the temperature on a cold, windy night in the California desert, trading shots fr

Published 10 Mar, 2019 12:00am

Cotton

Hectic business activity on cotton market

Trading activity improved on the cotton market on Saturday due to persistent demand for quality lint, dealers said. The official spot rate unchanged at Rs 8,600, they added. In the ready session, about 15,000 bales of cotton changed hands between Rs 7800-

Published 10 Mar, 2019 12:00am

European gasoline margins jump

Northwest European gasoline refining margins jumped on Wednesday after a larger than expected fall in US stocks, suggesting the supply glut is starting to dissipate. US gasoline stocks fell by 4.2 million barrels, the Energy Information Administration sai

Published 10 Mar, 2019 12:00am

CBOT wheat futures drop

Chicago Board of Trade (CBOT) wheat futures dropped to their lowest levels in more than a year, falling to new contract lows on Thursday, on pressure from a strengthening dollar and market doubts over the ongoing pace of US export sales, traders said. All

Published 10 Mar, 2019 12:00am

China makes biggest US sorghum purchase

China bought US sorghum for the first time since August last week, U.S Department of Agriculture data showed on Thursday, fueling hopes for more deals as Beijing and Washington seek to resolve their trade dispute. The sale of 65,000 metric tonnes of US so

Published 10 Mar, 2019 12:00am

Ukraine's sea port grain exports down

Ukrainian grain exports from sea ports in the week ended February 23-March 1 dropped to 816,000 tonnes from 1.16 million tonnes a week earlier, the APK-Inform consultancy said. Corn exports decreased to 717,000 tonnes from 848,000 tonnes, while wheat ship

Published 10 Mar, 2019 12:00am

Qatar sells triple-tranche jumbo bond to raise $12 billion

Qatar sold $12 billion in bonds on Wednesday, and drew around $50 billion in demand - the largest order book globally since its bond sale last year and the latest indication of how the country has overcome a boycott imposed by some of its Arab neighbours.

Published 10 Mar, 2019 12:00am

Qatar sells triple-tranche jumbo bond to raise $12 billion

Qatar sold $12 billion in bonds on Wednesday, and drew around $50 billion in demand - the largest order book globally since its bond sale last year and the latest indication of how the country has overcome a boycott imposed by some of its Arab neighbours.

Published 10 Mar, 2019 12:00am

Top performer Kenya's bond market suffers worst day since November

One of the year's best performing bond markets, Kenya, suffered its worst day since November on Friday, as a multi-million dollar scandal building around its finance minister was compounded by a bad day for riskier assets globally. A broad-based fall left

Published 10 Mar, 2019 12:00am

Top performer Kenya's bond market suffers worst day since November

One of the year's best performing bond markets, Kenya, suffered its worst day since November on Friday, as a multi-million dollar scandal building around its finance minister was compounded by a bad day for riskier assets globally. A broad-based fall left

Published 10 Mar, 2019 12:00am

Bank of America, RBS sued in US over euro bond cartel

Bank of America Corp and Royal Bank of Scotland Group Plc have been sued by investors in the United States over their alleged roles in a conspiracy among eight banks to rig prices in the $9.4 trillion European government bond market. The proposed class-ac

Published 10 Mar, 2019 12:00am

Bank of America, RBS sued in US over euro bond cartel

Bank of America Corp and Royal Bank of Scotland Group Plc have been sued by investors in the United States over their alleged roles in a conspiracy among eight banks to rig prices in the $9.4 trillion European government bond market. The proposed class-ac

Published 10 Mar, 2019 12:00am

Foreigners accumulate Asian equities in February on trade deal hopes

Foreigners were net buyers of Asian stocks for the second consecutive month in February, buoyed by rising optimism about a trade deal between the United States and China. Overseas investors bought $5.04 billion worth of regional stocks last month, data fr

Published 10 Mar, 2019 12:00am

SEC to review stock trading rules in big potential shakeup

The US Securities and Exchange Commission is launching a review of the main set of rules governing stock trading, opening the door to the biggest potential changes in a decade-and-a-half, the head of the agency said on Friday. The possible changes are aim

Published 10 Mar, 2019 12:00am

Wall Street extends losing streak after weak US jobs data

Wall Street's main indexes fell for a fifth straight session on Friday and posted their biggest weekly declines since the market tumbled at the end of 2018, as a weak US jobs report ignited more concerns about the global economy. But Friday's declines wer

Published 10 Mar, 2019 12:00am

Currency

African currencies week ahead: Most African currencies seen up

Kenyan, Nigerian and Zambian currencies are likely to strengthen next week while Uganda's is expected to remain stable, traders say.

Published 10 Mar, 2019 12:00am

Currency

HKMA intervenes as Hong Kong dollar weakens, buys HK$1.5 billion

The Hong Kong Monetary Authority (HKMA) stepped into the currency market again on Saturday in US trading hours, buying HK$1.51 billion in Hong Kong dollars as the local currency repeatedly hit the lower end of its allowable trading band. The latest interv

Published 10 Mar, 2019 12:00am

Currency

US net long dollars hit highest since late December

Speculators boosted their net long US dollar position to its highest level since late December, according to calculations by Reuters and US Commodity Futures Trading Commission data released on Friday. The value of the net long dollar position was $28.57

Published 10 Mar, 2019 12:00am

Currency

Forex trading volumes slide 11.5 percent in February

Foreign exchange average daily trading volumes slid 11.5 percent in February versus the same month a year earlier, CLS said on Friday, as sharply lower volatility in currency markets crimped investors' appetite for trading. Average daily trading volumes t

Published 10 Mar, 2019 12:00am

Currency

Canadian dollar rallies

The Canadian dollar strengthened against its US counterpart on Friday, as bets for an interest rate cut by the Bank of Canada this year were slashed after domestic data showed a spike in jobs that surprised investors. The Bank of Canada's benchmark intere

Published 10 Mar, 2019 12:00am

Currency

Dark days ahead for Indian rupee

The Indian rupee's weak start to 2019 is an indication of how it will perform over the coming year, strategists in a Reuters poll said, citing uncertainty ahead of a general election in May and a potential trade conflict with the United States.

Published 10 Mar, 2019 12:00am

Currency

Dollar retreats as US job growth turns cold, euro recovers

The dollar fell against most major currencies on Friday as data showed US employers hired far fewer workers than forecast in February, while the euro rebounded from a 20-month low tied to the European Central Bank's dovish shift the day before. The Swedis

Published 10 Mar, 2019 12:00am

Prices of essential kitchen items witness upward trend

Prices of essential kitchen items witnessed an increase during this week as compared to preceding week, a survey conducted by Business Recorder revealed here on Saturday.

Published 10 Mar, 2019 12:00am

KP CM announces interest-free loan scheme for youth

Chief Minister Khyber Pakhtunkhwa Mahmood Khan on Saturday announced an interest-free loan scheme for the youth of Miramshah to set up businesses. He also opened internet service in North Waziristan and declared Razmak as tourist resort

Published 10 Mar, 2019 12:00am

FCCI urges government to club all taxes, trim value to single digit

Double taxation is a major impediment for the economic growth and government must club all federal and provincial taxes besides trimming its value to single digit, said Acting President Faisalabad Chamber of Commerce & Industry (FCCI) Mian Tanveer Ahmed.

Published 10 Mar, 2019 12:00am

Fake bank accounts case: NAB summons Bilawal, Zardari and Talpur

National Accountability Bureau (NAB) on Saturday decided to summon Pakistan Peoples Party (PPP) chairman Bilawal Bhutto-Zardari, former president Asif Ali Zardari and the latter's sister Faryal Talpur in fake bank accounts case.

Published 10 Mar, 2019 12:00am

Fawad visits Social Welfare Training Institute

Federal Information Minister Fawad Chaudhry and Punjab Social Welfare and Bait-ul-Maal Minister Muhammad Ajmal Cheema on Saturday visited Social Welfare Training Institute. They were accompanied by Advisor to CM Punjab Chaudhary Muhammad Akram and Member

Published 10 Mar, 2019 12:00am

Currency

PBC organises seminar on financing to support 'Make in Pakistan'

The Pakistan Business Council (PBC) organised a seminar on Financing to Support 'Make in Pakistan', on Saturday to address the financing needs of the manufacturing and services industries of Pakistan. Federal Minister of Finance Asad Umar addressed the we

Published 10 Mar, 2019 12:00am

46 awarded PhD degrees at Sindh University convocation

An impressive ceremony of Academic Convocation 2016 was held at Shaheed Mohtarma Benazir Bhutto Convention Centre, Allama I.I.Kazi Campus, Jamshoro yesterday to confer gold and silver medals and degrees upon successful candidates of PhD, MS/ MPhil, Master

Published 10 Mar, 2019 12:00am

'UN chief constantly monitoring Pak-India situation'

United Nations (UN) Secretary General, Antonio Guterres, is constantly monitoring the situation between India and Pakistan, his spokesman said on Saturday. To a question whether the UN chief has spoken with the Prime Ministers of India and Pakistan to de-

Published 10 Mar, 2019 12:00am

International Women's Day: Alvi lauds achievements of women in every sector

To celebrate International Women's Day, the Women Parliamentary Caucus organized a colorful event at Aiwan-e-Sadr here on the other day.

Published 10 Mar, 2019 12:00am

Romanian government moves forward with sovereign wealth fund plan, despite critics

The Romanian government is moving forward with a plan to establish a sovereign wealth fund, a revised draft bill showed on Friday, a main policy goal of the ruling Social Democrats that critics see as a potential avenue for corruption. The fund would hold

Published 10 Mar, 2019 12:00am

Italian government defuses row over rail link

Italy's prime minister halted on Saturday the launch of tenders for a high-speed rail link to France, defusing a dispute within the ruling coalition over the project that had threatened to bring down the government. The multibillion-euro TAV project (Tren

Published 10 Mar, 2019 12:00am

Glencore signs annual zinc treatment charges deal with Canada's Noranda

Global trader and miner Glencore has struck a deal with its Canadian subsidiary Noranda Income Fund on the terms of zinc treatment charges for the coming year, but did not disclose the fees, the fund said on Friday. Noranda, whose operations include a zin

Published 10 Mar, 2019 12:00am

New York's iconic Chrysler Building to sell for $150 million

The owners of the Chrysler Building have reached a deal to sell the iconic New York City building for "a little more than $150 million," The Wall Street Journal reported Saturday. The sale price of the tower in midtown Manhattan, considered an Art Deco ma

Published 10 Mar, 2019 12:00am

Deutsche, Commerzbank tentatively talk on merger

The management board of Deutsche Bank has agreed to hold talks with rival Commerzbank on the feasibility of a merger, a person with knowledge of the matter told Reuters on Saturday. First unofficial contacts took place within a very small group and the ma

Published 10 Mar, 2019 12:00am

No immediate policy responses needed to economy: Fed

The Federal Reserve does not see problems in the US economy that warrant an immediate change in its policy, and it will be careful not to shock financial markets as it stabilizes its bond portfolio, Fed Chair Jerome Powell said on Friday. The US central b

Published 10 Mar, 2019 12:00am

Chinese group buys Finnish sports firm for 4.6 billion euros

A consortium led by Chinese companies, including internet giant Tencent, has bought Finnish firm Amer Sports for 4.6 billion euros ($5.15 billion), acquiring leading ski brands Salomon and Atomic as Beijing looks forward to hosting the Winter Olympics in

Published 10 Mar, 2019 12:00am

Malaysia says EU palm oil curbs lack scientific proof, breach WTO rules

A European Union proposal to limit the use of palm oil lacks comprehensive scientific evidence and breaches global trade rules, Malaysia's marketing agency for the edible oil said on Friday. Malaysia, the world's second largest palm oil-producing country,

Published 10 Mar, 2019 12:00am

'Airwolf' star Jan-Michael dies

American actor Jan-Michael Vincent, who starred in military action series "Airwolf" in the 1980s, has died. He was 73. Vincent succumbed to cardiac arrest on February 10 in Asheville, North Carolina, of natural causes, according to his death certificate.

Published 10 Mar, 2019 12:00am

Flights resume at Newark airport after fire report

Flights at New Jersey's Newark Liberty International Airport resumed on Saturday after the airport closed its runways due to reports of a possible fire in the hold of a Boeing 737 cargo plane that was diverted there, officials said. Air Transat Flight 942

Published 10 Mar, 2019 12:00am

Israel hits Gaza in response to 'projectile'

Israeli forces said Saturday they had launched several strikes against Hamas sites in Gaza in response to a projectile launched from the besieged coastal territory the night before. "IDF fighter jets and aircraft struck several military targets in a Hamas

Published 10 Mar, 2019 12:00am

Election observer shot dead in southeast Nigeria

A local election observer was killed by stray bullet on Saturday in southeast Nigeria's Enugu state, police said. "The man was a local observer monitoring the gubernatorial and house of assembly election," a police officer who did not want to be named, to

Published 10 Mar, 2019 12:00am

Counting begins in crunch Nigerian polls

Vote counting began after polls closed on Saturday in keenly fought governorship and state assembly elections in Nigeria, held against a backdrop of political tensions and insecurity. For the second time in a fortnight, Nigerians went to the polls to elec

Published 10 Mar, 2019 12:00am

Moscow finds 'mortar shell' on US embassy staffer

Security staff at Moscow's main airport confiscated a "mortar shell" from a US embassy staffer on Saturday, in what the foreign ministry described as a "provocation," local media reported. Security staff at Sheremetyevo airport, the biggest in Russia, fou

Published 10 Mar, 2019 12:00am

Washington protesters demand 'regime change' in Iran

Hundreds of people turned out in Washington Friday demanding regime change in Iran and denouncing "atrocity toward the people" under Tehran's regime. Protesters waved Iranian flags as they chanted for "regime change now" - with some holding portraits of M

Published 10 Mar, 2019 12:00am

Mexico night club attack leaves 15 dead

At least 15 men have died following a shooting at a nightclub in central Mexico, prosecutors said Saturday. Another four people, three men and a woman, suffered injuries, public prosecutor's office spokesman Juan Jose Martinez told AFP by telephone. The n

Published 10 Mar, 2019 12:00am

Thousands march in France in latest 'yellow vest' protests

Thousands of "yellow vest" protesters marched through Paris and other French cities on Saturday, marking the 17th straight weekend of demonstrations despite attempts by President Emmanuel Macron to quell discontent with a nationwide series of debates. Pro

Published 10 Mar, 2019 12:00am

Mutual Funds

MUFAP to launch Yearbook soon

Mutual Funds Association of Pakistan (MUFAP) will hold its 2018 Yearbook launch soon in Karachi. MUFAP is the trade association representing Pakistan's asset management industry which comprises of 19 Asset Management Companies managing 281 Funds (in conve

Published 10 Mar, 2019 12:00am

Mutual Funds

MUFAP to launch Yearbook soon

Mutual Funds Association of Pakistan (MUFAP) will hold its 2018 Yearbook launch soon in Karachi. MUFAP is the trade association representing Pakistan's asset management industry which comprises of 19 Asset Management Companies managing 281 Funds (in conve

Published 10 Mar, 2019 12:00am

Non-Muslims express solidarity with Pakistan, armed forces

Non-Muslim Pakistanis staged rally to express solidarity with Pakistan and her armed forces here on Saturday. The rally staged in the name of 'Defence of Pakistan' was participated by non-Muslim Pakistanis, which included Christians, Hindus and people of

Published 10 Mar, 2019 12:00am

Pak-Lankan artists' expo kicks off in Colombo

A joint exhibition of art work of world renowned Pakistani artist and social worker Jimmy Engineer and upcoming Sri Lankan contemporary Mueen Saheed is underway in a colourful manner at Billari Art Gallery in Colombo, Sri Lanka. Jimmy Engineer and art nar

Published 10 Mar, 2019 12:00am

27kgs of synthetic heroin seized

Pakistan Maritime Security Agency (PMSA) has successfully conducted an intelligence based Counter Narcotics Operation at Astola Island near Pasni. PMSA deployed its Fast Response Boats in Western Maritime Region. Last night, PMSA Fast Boats reached Astola

Published 10 Mar, 2019 12:00am

Vawda requests SHC to dismiss Shahbaz's plea against results of NA-249

Federal Minister for Water Resources Faisal Vawda on Saturday requested the Sindh High Court (SHC) to dismiss a petition filed by Leader of the Opposition in the National Assembly Shahbaz Sharif through which he challenged the results of NA-249, Karachi.

Published 10 Mar, 2019 12:00am

Murtaza grieved over death of six labourers

Adviser to Sindh Chief Minister on Information & Archives, Law and Anti-Corruption, Barrister Murtaza Wahab has expressed his profound grief and sorrow over an incident in which six labourers lost their lives in a collapse of an under construction buildin

Published 10 Mar, 2019 12:00am

Normal rainfall forecast for March

The country is expected to receive nearly a normal rainfall with temperature scaling up between 1 and 2 degrees Celsius in plains in March. "Surface temperature will gradually increase during March and expected to remain 1-2 degree above normal over plain

Published 10 Mar, 2019 12:00am

Sindh government starts free ambulance service

Sindh government started off free ambulance service in collaboration with Aman Foundation under public private partnership. As a next step for the launch of a government sponsored emergency medical response service, the Sindh Government via the Patients A

Published 10 Mar, 2019 12:00am

Economy can't stabilise unless tax-to-GDP raised by 17 percent: KATI chief

President of Korangi Association of Trade and Industry (KATI) Danish Khan has said that economic condition of the country cannot stabilise without increasing tax-to-GDP ratio to at least 17 percent. He expressed these views, speaking at a ceremony where h

Published 10 Mar, 2019 12:00am

Lesco's open kutcheri

The Lahore Electric Supply Company (LESCO) organized open courts (khuli kutchehris) in all of its eight circles to address public grievances with regarding to power supplies on Saturday. The step has been taken in line with the instructions from the Minis

Published 10 Mar, 2019 12:00am

British Deputy HC organizes Education and Trade Expo

The British Deputy High Commission in Karachi organized an Education and Trade Expo as part of the UK and Pakistan: Smart way of doing business, to showcase CSR activities being done by UK organizations for the development and prosperity of the communitie

Published 10 Mar, 2019 12:00am

KP CM inaugurates 3G, 4G service in erstwhile Fata

KP Chief Minister Mahmood Khan Saturday inaugurated 3G, 4G service, provision of Sehat Insaf Card for the people of the erstwhile FATA. He was addressing a public gathering at Younas Khan Park during his daylong visit to North Waziristan. Federal Minister

Published 10 Mar, 2019 12:00am

ICT to remove barriers from traffic intersections

Islamabad Capital Territory (ICT) administration will remove the barricades placed at different intersections leading to Red Zone next week which were erected following escalation of tension between Pakistan and India. Islamabad Chief Commissioner Amir Al

Published 10 Mar, 2019 12:00am

Naya Pakistan Housing Project: Construction of flats being planned by PHAF

The Prime Minister's promise of construction of five million houses through Naya Pakistan Housing Authority seems to be a wishful thought, as the construction of future residential apartments are being planned by Pakistan Housing Authority Foundation (PHA

Published 10 Mar, 2019 12:00am

SCCI demands Afghan government to release Pakistani trucks

The executive committee of Sarhad Chamber of Commerce and Industry (SCCI) has urged the Afghan authorities to release Pakistani trucks and containers being held at Khor Maidan area near Torkham border. The EC committee discussed the issue at its meeting w

Published 10 Mar, 2019 12:00am

Currency

Ayyan declared proclaimed offender

A special customs court on Saturday declared model Ayyan Ali a proclaimed offender over her continued absence from proceedings in a currency smuggling case. Judge Arshad Hussain Bhutta issued perpetual arrest warrants for her. He observed that the accused

Published 10 Mar, 2019 12:00am

LHC to proceed with petition against PM on Monday

A division bench of the Lahore High Court would proceed on March 11 (Monday) with a petition seeking disqualification of Prime Minister Imran Khan on the ground of not being "sadiq and ameen". The petitioner Mudassar Chaudhry of Pakistan Justice & Democra

Published 10 Mar, 2019 12:00am

Kot Lakhpat jail to have mobile cardiac unit

To facilitate ailing former Prime Minister Nawaz Sharif, Punjab Chief Minister Sardar Usman Buzdar has directed the Punjab government to allocate a mobile cardiac unit for 24 hours at the Kot Lakhpat Jail. Spokesperson for CM Punjab Dr Shahbaz Gill disclo

Published 10 Mar, 2019 12:00am

Khasadars protest against policing system

The Khyber Khasadar personnel on Saturday staged a protest demonstration at Karkhano check post against introducing police system to the tribal districts by the Khyber Pakhtunkhwa government. The protest was spearheaded by personnel of Khasadar force, tri

Published 10 Mar, 2019 12:00am

Carjacking, theft cases on the rise in Islamabad

Armed robbers and carjackers struck at 16 different places in the city during the last week and deprived citizens of their valuables. According to data gathered by Business Recorder here on Saturday, over nine cases of various kinds of theft and si

Published 10 Mar, 2019 12:00am

Voters asked to ensure enrolment on basis of CNIC addresses

The review of electoral lists was in full-swing in the country and voters have been asked to ensure the enrolment on the basis of their permanent or temporary addresses as mentioned on their national identity cards (NICs) before the end of the current mon

Published 10 Mar, 2019 12:00am

Public importance cases: live broadcast of SC's proceedings demanded

The apex court has been urged to issue appropriate directions for live streaming/broadcast of the proceedings of the Supreme Court of Pakistan in all matters of public importance, in particular the proceedings under Article 184 of the Constitution.

Published 10 Mar, 2019 12:00am

Retired PIA employees

The retired employees of Pakistan International Airlines (PIA) have been facing sheer injustice due to non-increase in their pensions since long.

Published 10 Mar, 2019 12:00am

'Sycophants and good sense'

This is apropos a Business Recorder editorial "Sycophants and good sense" carried by the newspaper yesterday. It has plausibly concluded that "...Prime Minister Imran Khan's sober and wise demeanour during and after the heat of the Pakistan-India c

Published 10 Mar, 2019 12:00am

'Never-ending' numbers in last IS scrap shock US-backed fighters

US-backed fighters have been hoping for weeks that the final day has come for the Islamic State group's "caliphate", but its last tiny sliver of land just won't seem to empty.

Published 10 Mar, 2019 12:00am

On N Korea, Trump clings to 'all or nothing' strategy

In Hanoi, Donald Trump overturned the widely held assumption he would be willing to settle for an interim agreement on North Korea's denuclearization.

Published 10 Mar, 2019 12:00am

Taskforce fatigue

The PTI government has formed numerous taskforces and advisory councils in various areas - economy, businesses, energy, housing, education, overseas Pakistanis, information technology, civil service and institutional reforms, to name a few. Six months in

Published 10 Mar, 2019 12:00am

Regular courts in tribal districts

That the colonial legacy in our tribal region has come to an end is a fact that has found its best expression in regular courts that will start delivering justice in all seven tribal districts within a week. Gone forever would be the antiquated Frontier C

Updated 11 Mar, 2019 09:07am

Witch-hunt in IOK

India claims to be the world's largest democracy - a democracy fully soaked in Gandhian socio-cultural and ethnic coexistence. But how that claim plays out in today's India, let us hear Bashir Ahmed, a Kashmiri trader in Patna. "They raised slogans. I did

Updated 11 Mar, 2019 09:06am

PTA issues procedure to protect WhatsApp against hijacking

Pakistan Telecommunication Authority (PTA) has issued a simplified procedure for mobile users to protect their WhatsApp account against hijacking and secure their mobile handsets. With the increasing number of WhatsApp hijacking cases across the world, th

Published 10 Mar, 2019 12:00am

PTA issues procedure to protect WhatsApp against hijacking

Pakistan Telecommunication Authority (PTA) has issued a simplified procedure for mobile users to protect their WhatsApp account against hijacking and secure their mobile handsets. With the increasing number of WhatsApp hijacking cases across the world, th

Published 10 Mar, 2019 12:00am

PTA issues procedure to protect WhatsApp against hijacking

Pakistan Telecommunication Authority (PTA) has issued a simplified procedure for mobile users to protect their WhatsApp account against hijacking and secure their mobile handsets. With the increasing number of WhatsApp hijacking cases across the world, th

Published 10 Mar, 2019 12:00am

Property acquisition: Tribunal for appeals against DGIMP''s orders being worked out

The Law and Justice Division is working on the establishment of Appellate Tribunal of Immovable Property for filing of appeals against the order of acquisition of any immovable property by the Directorate General Immoveable Properties (DGIMP). The PML (N)

Published 10 Mar, 2019 12:00am

Property acquisition: Tribunal for appeals against DGIMP's orders being worked out

The Law and Justice Division is working on the establishment of Appellate Tribunal of Immovable Property for filing of appeals against the order of acquisition of any immovable property by the Directorate General Immoveable Properties (DGIMP). The PML (N)

Published 10 Mar, 2019 12:00am

Property acquisition: Tribunal for appeals against DGIMP's orders being worked out

The Law and Justice Division is working on the establishment of Appellate Tribunal of Immovable Property for filing of appeals against the order of acquisition of any immovable property by the Directorate General Immoveable Properties (DGIMP). The PML (N)

Published 10 Mar, 2019 12:00am

British IS runaway teen's baby son dies in Syria

The British government drew fresh criticism Saturday over its decision to revoke citizenship from a London teenager who joined the Islamic State group in Syria, after her baby died in a refugee camp. Shamima Begum, 19, had asked to return home after givin

Published 10 Mar, 2019 12:00am

British IS runaway teen's baby son dies in Syria

The British government drew fresh criticism Saturday over its decision to revoke citizenship from a London teenager who joined the Islamic State group in Syria, after her baby died in a refugee camp. Shamima Begum, 19, had asked to return home after givin

Published 10 Mar, 2019 12:00am

Philadelphia says no to totally cashless future

With an increasing number of US businesses no longer accepting cash, Philadelphia - the City of Brotherly Love - is taking a stand to protect the so-called "unbanked" and will force merchants to accept greenbacks. It will be the first major US city to out

Published 10 Mar, 2019 12:00am

Philadelphia says no to totally cashless future

With an increasing number of US businesses no longer accepting cash, Philadelphia - the City of Brotherly Love - is taking a stand to protect the so-called "unbanked" and will force merchants to accept greenbacks. It will be the first major US city to out

Published 10 Mar, 2019 12:00am

Guaido, Maduro rallies set as Venezuela emerges from blackout

Thousands of Venezuelans prepared to protest once again Saturday as opposition leader Juan Guaido cranks up the pressure on beleaguered President Nicolas Maduro and the lights came back on following an electricity blackout that caused chaos in the crisis-

Published 10 Mar, 2019 12:00am

Guaido, Maduro rallies set as Venezuela emerges from blackout

Thousands of Venezuelans prepared to protest once again Saturday as opposition leader Juan Guaido cranks up the pressure on beleaguered President Nicolas Maduro and the lights came back on following an electricity blackout that caused chaos in the crisis-

Published 10 Mar, 2019 12:00am

North Korea may be preparing a missile or space launch: NPR

North Korea may be preparing for a missile or space launch, US news outlet NPR has reported, based on satellite image analysis of a key facility near Pyongyang. NPR said the images of Sanumdong, one of the facilities Pyongyang has used to produce inter-co

Published 10 Mar, 2019 12:00am

North Korea may be preparing a missile or space launch: NPR

North Korea may be preparing for a missile or space launch, US news outlet NPR has reported, based on satellite image analysis of a key facility near Pyongyang. NPR said the images of Sanumdong, one of the facilities Pyongyang has used to produce inter-co

Published 10 Mar, 2019 12:00am

Railway networks of Pakistan, other countries to be connected

Federal Minister for Railways Sheikh Rashid Ahmad said on Saturday that the Pakistan Railways will be connected with Turkey, Iran, Afghanistan and Russia. "Turkey and Iran have also assured their full assistance to the Pakistan Railways in this regard," S

Published 10 Mar, 2019 12:00am

Railway networks of Pakistan, other countries to be connected

Federal Minister for Railways Sheikh Rashid Ahmad said on Saturday that the Pakistan Railways will be connected with Turkey, Iran, Afghanistan and Russia. "Turkey and Iran have also assured their full assistance to the Pakistan Railways in this regard," S

Published 10 Mar, 2019 12:00am

Railway networks of Pakistan, other countries to be connected

Federal Minister for Railways Sheikh Rashid Ahmad said on Saturday that the Pakistan Railways will be connected with Turkey, Iran, Afghanistan and Russia. "Turkey and Iran have also assured their full assistance to the Pakistan Railways in this regard," S

Published 10 Mar, 2019 12:00am

Bodies of missing Italian, Brit found on Pakistan mountain

The bodies of two climbers from Britain and Italy have been found in northern Pakistan nearly two weeks after the pair went missing, the Italian ambassador said Saturday. Climbers Tom Ballard and Daniele Nardi were last heard from on February 24 as they c

Published 10 Mar, 2019 12:00am

Bodies of missing Italian, Brit found on Pakistan mountain

The bodies of two climbers from Britain and Italy have been found in northern Pakistan nearly two weeks after the pair went missing, the Italian ambassador said Saturday. Climbers Tom Ballard and Daniele Nardi were last heard from on February 24 as they c

Published 10 Mar, 2019 12:00am

East to west: Airspace for transit flights delayed till tomorrow

The Civil Aviation Authority (CAA) Saturday further delayed the reopening of Pakistan''s airspace for transit flights till tomorrow (Monday). According to the latest notification issued by the airport operating body, Pakistan''s airspace which had been cl

Published 10 Mar, 2019 12:00am

East to west: Airspace for transit flights delayed till tomorrow

The Civil Aviation Authority (CAA) Saturday further delayed the reopening of Pakistan's airspace for transit flights till tomorrow (Monday). According to the latest notification issued by the airport operating body, Pakistan's airspace which had been clos

Published 10 Mar, 2019 12:00am

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 29	293.94

Stock	Price
786 Invest Ltd / Apr 29 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 29 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 29 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 29 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 29 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 29 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 29 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 29 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

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