The rupee dropped about Rs 7 or seven percent against the dollar on the money market during the week, ended on May 18, 2019. OPEN MARKET RATES: The rupee fell sharply in terms of the dollar for buying and selling at Rs 149.00 and Rs 150.00. The rupee also

Qatari state-funded broadcaster Al Jazeera suspended two journalists on Sunday over a video they produced claiming the extent of the Holocaust was being misrepresented by Jews. The clip, posted by Al Jazeera's online AJ+ Arabic service, claimed "the narra

Anti-money laundering specialists at Deutsche Bank AG recommended in 2016 and 2017 that multiple transactions involving entities controlled by President Donald Trump and his son-in-law, Jared Kushner, be reported to a federal financial-crimes watchdog, th

Yemen's Houthi group said targeting Saudi Aramco's installations last week was the beginning of military operations against 300 vital military targets, Houthi-controlled SABA news agency said on Sunday, citing a source in the movement's military. Targets

A rocket was fired in Iraqi capital Baghdad's heavily-fortified Green Zone, which houses government buildings and foreign embassies, but caused no casualties, the Iraqi military said on Sunday. A blast was heard in central Baghdad on Sunday night, Reuters

The United States will hold an international economic "workshop" in Bahrain in late June to encourage investment in the Palestinian areas as the first part of President Donald Trump's coming Middle East peace plan, the White House said on Sunday.

Indian Prime Minister Narendra Modi is likely to return to power with an even bigger majority in parliament after a mammoth general election that ended on Sunday, exit polls showed, a far better showing than expected in recent weeks.

Indian Prime Minister Narendra Modi is likely to return to power with an even bigger majority in parliament after a mammoth general election that ended on Sunday, exit polls showed, a far better showing than expected in recent weeks.

The weather report on Sunday (May 19, 2019) and the forecast for Monday (May 20, 2019).

Comparative table of returns being given banks on their Profit and Loss Sharing Investment Accounts and Term Deposits.

Following currency fluctuations took place in foreign exchange rates during the last week. (May 13 to 17 2019).

All timings are in PST (Pakistan Standard Time).

Manchester City's treble winners have been hailed as English football's greatest ever team after their FA Cup final demolition of Watford completed an historic campaign. Pep Guardiola's side became the first English club to win the Premier League, FA Cup

Vincent Kompany was hailed as a "legend" by Manchester City's stars on Sunday after the Belgium defender revealed he will leave the treble winners to become player-manager at Anderlecht. Kompany confirmed his move to the Belgian club just 24 hours after l

Czech fourth seed Karolina Pliskova swept past Britain's Johanna Konta 6-3, 6-4 to win the WTA Italian Open on Sunday. Pliskova, the 2017 French Open semi-finalist, clinched her 13th career title, in the final major warm-up tournament on clay before Rolan

Rafael Nadal defeated Novak Djokovic 6-0, 4-6, 6-1 to win a ninth Italian Open title and a record 34rd Masters crown on Sunday. World number one Djokovic, winner at the Madrid Open last week, produced an error-strewn performance in his 54th meeting with s

Spain's defending world champion Marc Marquez of Honda won the French Moto GP at Le Mans on Sunday ahead of Italian pair Andrea Dovizioso and Danilo Petrucci of Ducati. It was Marquez's 47th top level GP win and his third of the season, but for Honda this

Afghanistan's World Cup preparations suffered a setback as they crashed to a 72-run defeat against Ireland in Sunday's one-day international. Chasing 211 to win in Belfast, Afghanistan were dismissed for 138 after losing their last six wickets for just 44

Benfica sealed their 37th Portuguese league title on Saturday with a 4-1 victory over Santa Clara in the euphoric Stadium of Light. Benfica struggled until Bruno Lage took over as manager in January and though their form improved they were still third at

Justin Gatlin pipped Japan's Yoshihide Kiryu to win the men's 100 metres as fellow American Michael Norman fired a world championship warning with a superb 200m at the Golden Grand Prix Osaka on Sunday. The 37-year-old Gatlin produced a strong finish to c

Top Indian sprinter Dutee Chand revealed Sunday that she is gay, becoming the first athlete from the socially conservative country to do so, and adding she feared being ostracised by her family after the admission. Chand, who was at the centre of a length

Barcelona captain and La Liga top scorer Lionel Messi rounded off a spectacular season by netting twice in a 2-2 draw away to Eibar in the champions' final game on Sunday, taking his tally to a remarkable 36 goals. Eibar went ahead in the 20th minute with

Real Madrid's harrowing season came to a fittingly miserable end on Sunday as they slumped to a staggering 12th La Liga defeat, losing 2-0 at home to Real Betis as many fans left the stadium early and those who stayed booed the players off the pitch.

Chris Woakes took five wickets as England beat Pakistan by 54 runs to win the fifth one-day international at Headingley on Sunday. Victory, in their final match before the World Cup hosts and favourites name their tournament squad on Tuesday, saw England

The "blue light" in LED lighting can damage the eye's retina and disturb natural sleep rhythms, France's government-run health watchdog said. New findings confirm earlier concerns that "exposure to an intense and powerful LED light is 'photo-toxic' and ca

More than 20 million newborns in 2015 - one in seven - came into the world weighing too little, according to a global assessment of birth weight, published Thursday. Over 90 percent of babies tipping the scale at less than 2.5 kilos (5.5 pounds) when born

People having surgery may be more likely to experience cardiovascular problems afterward when they have a common nighttime breathing disorder known as sleep apnea, a study suggests. Compared to patients without apnea, people with severe apnea were more th

Cancer scientists in Britain are launching what they call the world's first "Darwinian" drug development programme in a bid to get ahead of cancer's ability to become resistant to even the newest treatments and recur in many patients. While not abandoning

Hawaiian "super corals" that have recovered despite living in warm and acidic water offer a glimmer of hope that dying reefs across the world could be saved, a new study says. The research suggests that the gloomiest climate change picture of a world with

Facebook-owned WhatsApp's revelation of a security flaw allowing hackers to inject spyware on smartphones raised fresh concerns about the security of the mobile ecosystem. Here are five key questions and answers:

A team at the University of Washington has invented a smartphone app that, when used with a paper funnel, is able to detect ear infections in children, helping parents decide whether a trip to the doctor is warranted. The app, which was described in the j

It is heralded as an essential step to a brave new world of technology, but in the here and now, super-fast 5G networking is already pitting China against the West. Here are five things to know about the fifth-generation successor to today's 4G technology

Lloyds Banking Group has defended the 6.3 million pound ($8.06 million) pay package awarded to chief executive Antonio Horta-Osorio, after criticism from politicians and investor trade bodies. Horta-Osorio's pay in 2018 has drawn harsh commentary, with pa

Singapore Airlines said Thursday its net profit for the last financial year nearly halved as fuel costs surged, but reported its highest ever full-year revenues. The major Asian carrier said bookings in the months ahead indicate robust demand, but warned

Singapore Airlines said Thursday its net profit for the last financial year nearly halved as fuel costs surged, but reported its highest ever full-year revenues. The major Asian carrier said bookings in the months ahead indicate robust demand, but warned

German insurer Allianz said on Tuesday it is on track to meet its forecasts for 2019 after publishing improved first-quarter figures. "Allianz achieved strong results in the first quarter putting the group on track to meet its 2019 full-year targets," doi

German insurer Allianz said on Tuesday it is on track to meet its forecasts for 2019 after publishing improved first-quarter figures. "Allianz achieved strong results in the first quarter putting the group on track to meet its 2019 full-year targets," doi

Japan's two biggest banks by assets posted double-digit declines in annual profit on Wednesday, highlighting deepening challenges for lenders as the world's third-largest economy looks headed toward another downturn. Banks in Japan have been forced to dea

Generali, Italy's biggest insurer, reported a larger-than-expected 28 percent rise in first-quarter net profit helped by asset sales, though capital ratios fell due to regulatory changes. Generali's solvency ratio, a key measure of financial strength, sto

Generali, Italy's biggest insurer, reported a larger-than-expected 28 percent rise in first-quarter net profit helped by asset sales, though capital ratios fell due to regulatory changes. Generali's solvency ratio, a key measure of financial strength, sto

UniCredit has stepped up preparations for a potential bid for Germany's Commerzbank by hiring investment bankers, including a former top German official, three people familiar with the matter said. UniCredit had engaged Lazard and its banker Joerg Asmusse

Russia's largest oil producer Rosneft said Monday that its bottom-line profit rose sharply in the first three months of the current year on the back of increased production and the slide in the value of the ruble. The state-controlled group said in a stat

Russia's largest oil producer Rosneft said Monday that its bottom-line profit rose sharply in the first three months of the current year on the back of increased production and the slide in the value of the ruble. The state-controlled group said in a stat

Singtel on Wednesday posted its smallest annual profit in 16 years partly due to the intense competition faced by its regional associates in India and Indonesia, and the telecom operator said it would attempt to keep a check on its expenses.

Singtel on Wednesday posted its smallest annual profit in 16 years partly due to the intense competition faced by its regional associates in India and Indonesia, and the telecom operator said it would attempt to keep a check on its expenses.

Cisco Systems Inc reported better-than-expected quarterly earnings on Wednesday and gave an upbeat sales forecast for the current period, as its reduced exposure to China is expected to cushion any blows from an ongoing trade war.

Cisco Systems Inc reported better-than-expected quarterly earnings on Wednesday and gave an upbeat sales forecast for the current period, as its reduced exposure to China is expected to cushion any blows from an ongoing trade war.

Boeing acknowledged Saturday it had to correct flaws in its 737 MAX flight simulator software used to train pilots, after two deadly crashes involving the aircraft that killed 346 people. "Boeing has made corrections to the 737 MAX simulator software and

China's housing regulator has urged four more cities to prevent their residential property markets from overheating in the latest sign that authorities are not about to relax their grip on the real estate business in order to spur the economy.

British holidaymakers on Sunday flooded troubled tour operator Thomas Cook with concerns about their trips, after its share price collapsed. All eyes are on what will happen to the stock value of Britain's oldest and largest independent travel company whe

Inflation in the eurozone is not at the level the European Central Bank wants it to be, ECB policymaker Klaas Knot said in an interview published by Italian daily Corriere della Sera on Sunday. Euro zone prices rose by 1.7 percent year-on-year in April fr

Global clothing brands including H&M, Primark and Tesco won a Bangladesh Supreme Court case Sunday, allowing international factory safety monitors to operate in the country which has had a string of industrial disasters. The top court in the South Asian n

Italy's Benetton family wants to increase its stake in Generali and believes that Europe's third-biggest insurer must remain in Italian hands, Luciano Benetton said in an interview published in La Repubblica. Luciano is one of the four siblings who founde

Ottawa plans to proceed "full steam ahead" on ratification of a free trade agreement with the US and Mexico, Canada's foreign affairs minister said Saturday, after the neighbors scrapped reciprocal tariffs on steel and aluminum imports. Canada had been "v

Saudi Arabia announced Sunday it deposited $250 million in Sudan's central bank as part of a support package for the country following the overthrow of longtime leader Omar al-Bashir.

Slight changes to the schedule of Russia's Nord Stream 2 gas pipeline project to Germany are possible, Alexey Miller, chief executive of Gazprom, the Russian state gas producer leading the project, was quoted as saying on Sunday. Delays in obtaining permi

Zimbabwe's central bank has secured a $500 million loan from unspecified international banks to support interbank currency trading from Monday and ease a dollar crunch that has brought fuel and medicine shortages, Governor John Mangudya said.

Chinese telecoms giant Huawei is ready to deal with Washington's crackdown and will reduce its reliance on US components, its founder told Japanese media. President Donald Trump effectively barred Huawei from the US market on Wednesday and added it to a l

Lured by hopes that China's retail investors could become major players in global currency markets, foreign brokers are brazenly chasing business in a grey area of the country's online trading sector, even as Beijing vows to wipe out such activities. Desp

Global investors' equity allocations fell 6 percentage points in May and over a third of fund managers have taken out protection against sharp stock market falls in coming months, Bank of America Merrill Lynch's latest monthly survey found on Tuesday. The

Global investors' equity allocations fell 6 percentage points in May and over a third of fund managers have taken out protection against sharp stock market falls in coming months, Bank of America Merrill Lynch's latest monthly survey found on Tuesday. The

Britain received the strongest demand in a year for its government debt, when it sold 4.75 billion pounds ($6.13 billion) of a new 35-year government bond, underscoring how little the approach of Brexit has unsettled investors. Investors placed orders tot

Britain received the strongest demand in a year for its government debt, when it sold 4.75 billion pounds ($6.13 billion) of a new 35-year government bond, underscoring how little the approach of Brexit has unsettled investors. Investors placed orders tot

Dubai's stock market closed down on Sunday, dragged lower by property and banking shares as Gulf markets ended the day mixed amid rising geopolitical tensions that have shaken investor confidence. Dubai's main index fell 2.2%, led by a 3.1% decline in hea

Hanergy Thin Film Power Group Ltd said on Sunday it expects its shares to be withdrawn from the Hong Kong stock exchange on June 11 after its shareholders approved a plan to take the company private and re-list it in mainland China. Shareholders in the so

US money market fund assets increased for a third straight week amid worries about slowing economic growth and renewed trade tension between China and the United States, a private report released on Wednesday showed. Investors preferred to put more cash i

US money market fund assets increased for a third straight week amid worries about slowing economic growth and renewed trade tension between China and the United States, a private report released on Wednesday showed. Investors preferred to put more cash i

The Beijing-backed Asian Infrastructure Investment Bank (AIIB) is planning to tap capital markets again later in the year following this week's bond debut, the lender's Chief Financial Office Thierry de Longuemar said on Thursday. The AIIB priced its firs

The Beijing-backed Asian Infrastructure Investment Bank (AIIB) is planning to tap capital markets again later in the year following this week's bond debut, the lender's Chief Financial Office Thierry de Longuemar said on Thursday. The AIIB priced its firs

The Canadian dollar is losing its usual tight link to the performance of US stocks as investors pay more attention to domestic economic headwinds than signs of improved prospects for the US economy. The signal that Wall Street sends about the US economic

The Canadian dollar is losing its usual tight link to the performance of US stocks as investors pay more attention to domestic economic headwinds than signs of improved prospects for the US economy. The signal that Wall Street sends about the US economic

Atrophying growth forecasts and waning confidence in President Jair Bolsonaro sent Brazil's stocks and currency to their lowest level of the year this week, as analysts warned of further falls. Since touching a record 100,000 points in mid-March, the Bove

Atrophying growth forecasts and waning confidence in President Jair Bolsonaro sent Brazil's stocks and currency to their lowest level of the year this week, as analysts warned of further falls. Since touching a record 100,000 points in mid-March, the Bove

US retailer stocks have moved from buoyant to bruised this year and the intensification of the US-China trade war makes them especially vulnerable because consumer products would be targeted in the next round of threatened tariff increases. The potential

Foreign Minister Shah Mahmood Qureshi has said that Pakistan gives much importance to its bilateral and economic relations with Kuwait. According to Foreign Office, talking to his Kuwaiti counterpart Sabah Al Khalid Al Sabah in Kuwait City, Shah Mahmood Q

Despite government's warnings, doctors continued crippling strike and boycotted outpatient departments (OPDs) for the fifth consecutive day in all health facilities across Khyber Pakhtunkhwa aiding to patients' miseries. The protesting doctors have also r

A 20-year-old girl, Bisma allegedly kidnapped for ransom from Defence Housing Authority (DHA) on May 11, returned home on Sunday According to police, the girl was kidnapped from outside the house at Khayaban-e-Seher on May 11. The Bisma reached her home o

In response to the Trading Corporation of Pakistan's urea import tender, some seven international suppliers have evinced interest to supply the commodity at a price ranging from $ 301.70 to $ 309.91 per metric tons. Sources told Business Recorder o

Shazia Syed is the Chairperson & CEO of Unilever Pakistan Ltd who has recently taken charge as the President of the Overseas Investors Chamber of Commerce and Industry (OICCI) for the 2019 term. In her 26 years with Unilever, she has worked across various

Shazia Syed is the Chairperson & CEO of Unilever Pakistan Ltd who has recently taken charge as the President of the Overseas Investors Chamber of Commerce and Industry (OICCI) for the 2019 term. In her 26 years with Unilever, she has worked across various

There is a trade potential exists between Pakistan and Vietnam. This was stated by Naguyen Hong Tien, The Commercial Counsellor of Vietnam during his visit to Bin Qasim Association of Trade & Industry (BQATI) with Vietnam Embassy Pakistan's adviser (Trade

Peshawar Electric Supply Company (Pesco) has removed dozens of direct hooks and arrested three persons for stealing electricity during ongoing crackdown against power pilferage in Khyber Circle and registered FIRs against the power thefts. Spokesman of th

Petroleum Division (PD) of the Energy Ministry on Sunday said the results of four-month offshore drilling at Indus G-Block called Kekra-I, some 230-km off the Karachi coast, had shown good quality hydrocarbon reservoir but unfortunately these were water w

New economic reforms are being hammered out in order to synchronize national trade, industry and exports with international standards with a focus on enhanced global market access for Pakistani exportable surplus, said Sardar Ahmed Nawaz Sukhera Secretary

Special Assistant to Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan on Sunday said the Iftar dinner held by PPP Chairman Bilawal Bhutto Zardari for different political leaders was in fact renewal of the nexus between the Pakistan Peo

Chief Secretary Punjab Yousaf Naseem Khokhar on Sunday has said that use of polythene bags for shopping must be minimized as these are causing environmental pollution. He said that a strategy has been prepared to phase out plastic bags and distribution of

Three persons were gunned down and one other injured in a cross firing incident between two groups over a petty land dispute in the jurisdiction of police station Guri Wala, District Bannu on Sunday. According to police control Bannu, the two groups excha

Deputy Commissioner Jamshoro Capt Fariddudin Mustafa (retd) informed on Sunday that 5 women and 3 children drowned in the incident while 7 persons survived. He identified the deceased as 35 years old Qaima Machhi, 30 years old Gulzadi Machhi, 25 years old

Sialkot Chamber of Commerce and Industry (SCCI) has submitted its budget proposals for 2019-20. The SCCI suggested that the government should take steps to reduce the interest rate since it has made borrowing expensive for private sector and discouraged i

Pakistan International Freight Forwarders Association (PIFFA) chairman in a statement said despite registering our reservations on PCLRA (Pakistan Courier & Logistics Regulatory Authority) Bill, the Senate of Pakistan endorsed the Bill yesterday without a

Uncontrolled price hike of the basic commodities and squeezing purchasing power of general public has badly affected the humanitarian activities such as roadside Iftar dastarkhwans for deserving people in Ramazan. Karachiites see relatively reduced roadsi

KP Chief Minister Mahmood Khan has directed for speedy finalisation of the models of housing schemes under Sasta Ghar Programme in Peshawar and Hangu districts. He has further directed guaranteeing the feasibility of the models from all aspects and keepin

The United Business Group (UBG) leader Ilyas Ahmad Bilour termed the continuous depreciation of Pakistani rupee (PKR) against US dollar during last one week as the worst failure of the government. "It has exposed the nine-month performance of Imran Niazi-

Pakistan Flour Mills Association (PFMA), Punjab has warned that the country is likely to face "flour crisis" if the authorities concerned failed to refrain the provincial food department from impounding the vehicles, carrying flour bags, of the mill owner

Firdous Ashiq Awan, Information Adviser to Prime Minister Sunday taunted Pakistan Peoples Party (PPP) chairman Bilawal Bhutto-Zardari and Pakistan Muslim League-Nawaz (PML-N) vice president Maryam Nawaz after both politicians agreed on meeting over an Ift

The Project Unit of the Economic Revitalisation of Khyber Pakhtunkhwa and FATA (ERKF) project established under the auspices of Small and Medium Enterprises Development Authority (SMEDA) has started sorting the application forms received from the SMEs of

Former Finance Minister Asad Umar told the Chinese media that China-Pakistan Economic Corridor (CPEC) has a rich potential of Pakistan's economic growth and it meets the common aspirations of the people. CPEC has delivered benefits to both China and Pakis

The government and nine Independent Power Producers (IPPs) have reportedly reached an agreement in principle, according to which IPPs will charge mark up at 2 per cent in case of late payment for the first 60 days instead of 4.5 per cent, well informed so

Sarhad Chamber of Commerce and Industry (SCCI) has called for extending the period of tax exemption under Clause 126L of Part-1 of 2nd Schedule to the Income Tax Ordinance 2001 for another five years term to conclude on June 30,2023. The demand was made i

Governor Punjab Ch Muhammad Sarwar has said that accountability process will not stop, government is not afraid of opposition's alliance. Anybody involved in corruption or any other grave crime will not be spared. The decision of "Successful Youth Program