News Archives for Print - 2019-10-07

Internet users must actively consent to use of cookies, EU court rules

Internet users must actively consent to companies storing cookies that are used to track online browsing behaviour, the European Court of Justice said on Tuesday in a ruling that could significantly effect ePrivacy regulation. The ruling stems from a 2013

Published 07 Oct, 2019 12:00am

Twitter lets users sideline unwanted direct messages

Twitter on Monday said it is rolling out a filter that will hide away unwanted direct messages, providing a new tool to stymie abuse. Twitter users who receive direct messages from people they don't follow on the platform will be able to have such missive

Published 07 Oct, 2019 12:00am

Russia welcomes Huawei to develop 5G network

While the US banned Huawei for alleged espionage and asked its allies to do the same, Moscow has rolled out the red carpet for the Chinese tech company, letting it develop 5G networks in Russia. Analysts say the move is as much a show of solidarity with B

Published 07 Oct, 2019 12:00am

Kerb

Facebook launches 'Threads' app woven into Instagram

Facebook on Thursday launched Threads, an image-centric messaging app designed to weave tight circles of Instagram friends together, while ramping up its challenge to rival Snapchat. Threads is its own separate smartphone app, but ties into lists of "clos

Published 07 Oct, 2019 12:00am

World's largest banks lagging in sustainable finance: report

Despite pressure from activists, investors and governments, the majority of world's 50 largest banks have not made sustainable finance commitments to respond to the risks of climate change and continue to finance fossil fuels, according to new findings by

Published 07 Oct, 2019 12:00am

Ryanair boss slams UK aviation regulator after Thomas Cook collapse

Ryanair boss Michael O'Leary slammed Britain's aviation regulator on Tuesday, saying its soft licencing rules contributed to the chaos around Thomas Cook's bankruptcy. O'Leary, whose low-fare model has squeezed less competitive rivals, said the tour opera

Published 07 Oct, 2019 12:00am

H&M posts first quarterly profit rise in over two years

H&M, the world's second-biggest fashion retailer, reported on Thursday its first quarterly rise in pretax profit in over two years and said efforts to meet rapid changes in its industry were on track. H&M has been spending heavily on reviving its business

Published 07 Oct, 2019 12:00am

H&M posts first quarterly profit rise in over two years

H&M, the world's second-biggest fashion retailer, reported on Thursday its first quarterly rise in pretax profit in over two years and said efforts to meet rapid changes in its industry were on track. H&M has been spending heavily on reviving its business

Published 07 Oct, 2019 12:00am

Exchange

Ford ties up with Mahindra in India to cut risks and cost

Ford Motor Co and Mahindra & Mahindra said on Tuesday they would form a joint venture in India, in a move aimed at reducing risks for the US automaker's local business and cutting the cost of developing and producing vehicles for emerging markets. The ven

Published 07 Oct, 2019 12:00am

Exchange

Lloyd's of London to go electronic next year

The Lloyd's of London insurance market is planning to launch two electronic exchanges next year as part of a three-year overhaul, it said on Monday, as it seeks to fend off competition from low-cost rivals. Lloyd's, which is made up of 99 syndicate member

Published 07 Oct, 2019 12:00am

Big name IPOs in third quarter brighten gloom for equity market fundraising

A couple of hefty share listings in Europe and the return of AB InBev's Asian unit float in the third quarter of 2019 brought some hope to a global IPO market battered by political volatility and downbeat global growth expectations. Investors' nervous moo

Published 07 Oct, 2019 12:00am

Big name IPOs in third quarter brighten gloom for equity market fundraising

A couple of hefty share listings in Europe and the return of AB InBev's Asian unit float in the third quarter of 2019 brought some hope to a global IPO market battered by political volatility and downbeat global growth expectations. Investors' nervous moo

Published 07 Oct, 2019 12:00am

Zimbabwe raises petrol prices by more than 25 percent

The price of petrol went up again in Zimbabwe on Sunday, this time by more than 25 percent, the latest blow in a country battling out-of-control inflation. The Zimbabwe Energy Regulation Authority (ZERA) announced the price of diesel would immediately ris

Published 07 Oct, 2019 12:00am

Some $71 billion of Japanese coal assets at risk from cheaper renewables

As much as $71 billion of Japanese coal assets could be at risk as the economic viability of plants is undermined by cheaper renewable energy, research by the University of Tokyo, Carbon Tracker and the Carbon Disclosure Project showed on Sunday. The repo

Published 07 Oct, 2019 12:00am

Vodafone tests new network tech in UK in challenge to 'big three' suppliers

Vodafone is testing innovative open access radio technology in Britain - a first for Europe - in a move that could break the grip Huawei, Ericsson and Nokia hold on the telco equipment market. OpenRAN, which has been developed by Vodafone and Intel, stand

Published 07 Oct, 2019 12:00am

Exchange

Saudi market regulator facilitates listing of foreign firms

Saudi Arabia has introduced measures to facilitate the entry of foreign issuers to the Saudi stock market and encourage investment in NOMU, the country's secondary market, the Saudi Capital Market Authority (CMA) said on Sunday. The Saudi main stock excha

Published 07 Oct, 2019 12:00am

Jordan teachers end strike in pay deal with government

Jordian teachers ended a month-long strike on Sunday after reaching an agreement with the government for a rise in wages. The strike, which began on September 8 just a week into the school year, paralysed some 4,000 public schools in the kingdom where mor

Published 07 Oct, 2019 12:00am

Exchange

Russia seen raising state FX purchases

Russia's finance ministry is expected to increase its purchases of foreign currency for state reserves in October, a Reuters survey showed on Tuesday. The finance ministry is due to announce its purchasing plan for the month ahead on Thursday at 0900 GMT.

Published 07 Oct, 2019 12:00am

Most of Gulf stocks up

Most Gulf markets closed higher on Sunday mirroring the previous session's rise in global stocks on easing concerns about the US economy, while Saudi Arabia ended three consecutive days of losses. The US unemployment rate dropped to near a 50-year low of

Published 07 Oct, 2019 12:00am

Quiet start for Cboe's Brexit share trading hub in Amsterdam

Cboe Europe's new share trading hub, which launched in Amsterdam on Tuesday, has attracted light trading so far, giving nervous regulators and policymakers in Britain few clues on how much activity will eventually leave London after Brexit. Faced with the

Published 07 Oct, 2019 12:00am

Quiet start for Cboe's Brexit share trading hub in Amsterdam

Cboe Europe's new share trading hub, which launched in Amsterdam on Tuesday, has attracted light trading so far, giving nervous regulators and policymakers in Britain few clues on how much activity will eventually leave London after Brexit. Faced with the

Published 07 Oct, 2019 12:00am

Exchange

Sterling would get post-Brexit boost if deal is reached

Sterling will get a post-Brexit bounce in the month after if Britain leaves the European Union with a deal but suffer further losses against the dollar in the event of a disorderly departure, a Reuters poll found. British Prime Minister Boris Johnson made

Published 07 Oct, 2019 12:00am

More pain for Europe Inc as earnings drought seen spilling over into 2020

With markets taking fright again this week over trade tariffs and a faltering global economy, investors are braced for weak third quarter results in Europe and high expectations going forward could come crashing down to earth. There have been a slew of pr

Published 07 Oct, 2019 12:00am

Wall Street week ahead: capital spending outlook another worry ahead of earnings

Investors are preparing for more cautious capital investment outlooks from US companies as worries mount heading into earnings season about the possibility of an economic recession. Capital expenditure increases have been weaker than last year, when corpo

Published 07 Oct, 2019 12:00am

Ginger Baker, drummer with rock legends Cream, dies

Legendary British musician Ginger Baker, a founding member of psychedelic band Cream and considered one of the most innovative and influential drummers of his generation, died on Sunday aged 80. Baker co-founded Cream - widely seen as the world's first su

Published 07 Oct, 2019 12:00am

Saudi Arabia says working on removing Sudan from US 'terror list'

Saudi Arabia said on Sunday the kingdom was working on removing Sudan from the US list of state sponsors of terrorism. The announcement came during an official visit of a Sudanese delegation, including new Prime Minister Abdalla Hamdok, to Riyadh.

Published 07 Oct, 2019 12:00am

Four killed, five wounded in shooting at Kansas bar

Four people were killed and five wounded in Kansas early on Sunday when one or two suspects opened fire inside a Kansas City bar, and police were hunting for the shooters, local authorities said. Authorities believe the suspects had been involved in a dis

Published 07 Oct, 2019 12:00am

Kurds protest in Syria against Turkish offensive threat

Thousands demonstrated on Sunday in a predominantly Kurdish area on the Syrian border with Turkey against threats of an offensive issued the day before by Turkish President Recep Tayyip Erdogan. Ankara had reiterated on Saturday an oft-repeated threat to

Published 07 Oct, 2019 12:00am

UK calls for 'intensive negotiations' on new Brexit plans

Britain on Sunday urged the EU to intensify talks over London's latest Brexit proposals, as European leaders warned it must revise its plans within days in order to conclude a deal this month. Brexit Secretary Stephen Barclay said the bloc needed to show

Published 07 Oct, 2019 12:00am

Iraqi PM vows reforms to calm angry protests

The Iraqi government announced a series of reforms early Sunday after an "extraordinary" session overnight in response to sweeping anti-government rallies that have left nearly 100 dead in less than a week. The United Nations on Saturday urged an end to v

Published 07 Oct, 2019 12:00am

Italian opera star Marcello Giordani dies

The opera world paid tribute Sunday to Italian tenor Marcello Giordani, who died of a heart attack at his home in Sicily. He was 56. Only last month, he had been playing the role of Calaf in Puccini's opera Turandot at two open-air theatres in Sicily.

Published 07 Oct, 2019 12:00am

Thousands protest Ukraine leader's peace plan

About 10,000 people including Ukraine's former president Petro Poroshenko gathered in central Kiev on Sunday to protest a plan for broader autonomy for separatist territories ahead of a high-stakes summit with Russian leader Vladimir Putin. The protesters

Published 07 Oct, 2019 12:00am

'National vocational training capacity at 400,000 against demand of 2.5 million' an interview with Syed Javed Hassan, Chairman NAVTTC

Syed Javed Hassan has over thirty years of experience in leadership roles both internationally and in Pakistan. Prior to becoming chairman of National Vocational & Technical Training Commission or NAVTTC, he was the convener for the education ministry's t

Updated 07 Oct, 2019 11:53am

'National vocational training capacity at 400,000 against demand of 2.5 million' an interview with Syed Javed Hassan, Chairman NAVTTC

Syed Javed Hassan has over thirty years of experience in leadership roles both internationally and in Pakistan. Prior to becoming chairman of National Vocational & Technical Training Commission or NAVTTC, he was the convener for the education ministry's t

Published 07 Oct, 2019 12:00am

IL providing basic video making techniques to youth

Providing youth the opportunity to learn basic video making techniques to document the story of the 'others' in their respective communities would make them able to understand each other's practice. The participants of an awards distribution ceremony org

Published 07 Oct, 2019 12:00am

Ufone's flagship 'Summer Internship Program 2019' concludes

Ufone's flagship Summer Internship Program 2019 successfully concluded with a closing ceremony organized at Ufone Tower, Islamabad.

Published 07 Oct, 2019 12:00am

KP to create special police, fund to promote tourism

The Khyber Pakhtunkhwa government is going to establish a specialised police force and tourism fund for the promotion of tourism in the province. For the establishment of special police force and tourism fund, the government has passed KP Tourism Bill, 20

Published 07 Oct, 2019 12:00am

Shahbaz quietly working towards in-house change in Punjab?

With growing unpopularity of the Punjab Chief Minister Sardar Usman Buzdar for non-delivery on key Pakistan Tehreek-e-Insaf (PTI) pledges for change within the rank and file of the ruling party, President PML-N Shahbaz Sharif is quietly working towards an

Published 07 Oct, 2019 12:00am

T20 series: health facilities finalised

20 beds temporary hospital has been established where all the necessary medical facilities are available and arrangements have been made to meet any kind of emergency in connection to Pakistan Sri Lanka Cricket Series in Qaddafi Stadium. Principal Post Gr

Published 07 Oct, 2019 12:00am

Prices of essential food items witness mixed trend

Mixed trend in prices of important kitchen items, including vegetable, pulses, live chicken/meat, fruits, sugar and others was witnessed in retail market, according to survey carried out by Business Recorder here on Sunday.

Published 07 Oct, 2019 12:00am

'Influential person's guards beat up boy'

An influential person's security guards beat up a teenage boy in Saba Commercial Area of the metropolis' upscale neighbourhood, Defence Housing Authority (DHA) Phase 5, his mother claimed on Sunday, saying several people were witness to the alleged assaul

Published 07 Oct, 2019 12:00am

Exchange

SCCI chief assures exporters of addressing issues

The Sialkot Chamber of Commerce and Industry (SCCI) president Malik Muhammad Ashraf has said all available resources would be mobilised for the redressing of problems being confronted by the exporters and manufacturers of export hub.

Published 07 Oct, 2019 12:00am

Exchange

WEEKLY COTTON REVIEW: trading volume increases, rate remains stable

Unfavorable weather conditions, attack of Locusts, pests and viruses decrease the production of cotton and it is expected that only one crore (10,000,000) bales of cotton will be produced. Economy has to bear the burden of import of forty five lac (4,500,

Published 07 Oct, 2019 12:00am

Exchange

WEEKLY COTTON REVIEW: trading volume increases, rate remains stable

Unfavorable weather conditions, attack of Locusts, pests and viruses decrease the production of cotton and it is expected that only one crore (10,000,000) bales of cotton will be produced. Economy has to bear the burden of import of forty five lac (4,500,

Published 07 Oct, 2019 12:00am

Unhygienic food claims four lives

At least, four people have lost their lives owing to unhygienic food in Pano Akil, a tehsil of Sukkur district. Taking notice of the incident, the Sindh health minister Azra Fazal Pechuho has formed a 12-member committee and sought a report within 24 hour

Published 07 Oct, 2019 12:00am

PTI workers being targeted, alleges Haleem

President of Pakistan Tehreek-e-Insaf (PTI) Sindh chapter and Parliamentary Leader in Sindh Assembly, Haleem Adil Sheikh on Sunday alleged that workers of his party were being targeted in Karachi to disturb the peace of metropolis.

Published 07 Oct, 2019 12:00am

Economic activities, exports to boost with business package: PBIF chief

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain said that economic activity and exports can pick up with a package which will help revive this critical sector. The losses of state-run corporations have jumped to Rs 1600 b

Published 07 Oct, 2019 12:00am

Lack of cleanliness spreading Dengue in Quetta

Dengue fear is spreading across the country as 5 cases have been surfaced in Quetta now. In Rawalpindi the affected persons have reached to more than 6700. As per details, the deadly virus is spreading due to ill management and lack of cleanliness.

Published 07 Oct, 2019 12:00am

FCAA chief for timely completion of terminal at Torkham

Frontier Customs Agents Association (FCAA) president and former SVP of Pak-Afghan Joint Chamber of Commerce & Industry, and Sarhad Chamber of Commerce and Industry, Ziaul Haq Sarhadi has termed the construction of state-of-the-art terminal at Torkham bord

Published 07 Oct, 2019 12:00am

Effective surveillance system urged to control dengue outbreak

Citizens on Sunday urged the quarters concerned to improve the disease surveillance system to effectively deal with the dengue outbreak in twin cities of Rawalpindi and Islamabad. According to them, the absence of an effective and extensive surveillance s

Published 07 Oct, 2019 12:00am

SCCI chief for removal of hurdles in Pak-Afghan trade

President of Sarhad Chamber of Commerce and Industry (SCCI), Engr Maqsood Anwar Pervaiz has stressed the need for removal of impediments to give boost to mutual trade between Pakistan and Afghanistan.

Published 07 Oct, 2019 12:00am

Suppressing voice of innocent Kashmiri people not possible: Fakhar

Chairman Kashmir Committee Syed Fakhar Imam on Sunday said that India could not suppress the voice of innocent Kashmiri people through brutal activities. The Indian rulers would have to give due rights of Kashmiri people living in Occupied Jammu and Kashm

Published 07 Oct, 2019 12:00am

PML-N, PPP want Nawaz, Zardari out of jail, claims Fawad

Minister for Science and Technology Chaudhry Fawad Hussain on Sunday has claimed that Pakistan Muslim League-Nawaz (PML-N) and Peoples Party (PPP) only demand to release their senior leaders from jails without plea bargaining.

Published 07 Oct, 2019 12:00am

Twin cities flooded with fake degradable plastic bags

After the federal capital imposed complete ban on single use plastic bags in Islamabad Capital Territory (ICT) polythene bags dubbed with a stamp of degradable thronged the markets of Rawalpindi and Islamabad. These plastic bags were the same polythene sa

Published 07 Oct, 2019 12:00am

SNG-II's PC-I programme on the cards

Provincial Finance Minister Makhdoom Jawan Bakhat Hashim has stressed the need of making the Municipal Corporation, local government and property tax departments corruption-free and transparent under sub national governance (SNG) programme-II.

Published 07 Oct, 2019 12:00am

Cotton

Pakistan, Japan agree to sign MoU on manpower export

Pakistan and Japan have agreed to further negotiate on signing of Memorandum of Understanding (MoU) for export thousands of skilled labor from Pakistan to Japan. Japan has decided to open the labor market in 14 different sectors, including construction, n

Published 07 Oct, 2019 12:00am

Women barred from participating in JUI-F's 'Azadi March'

The Jamiat Ulema-i-Islam Fazl (JUI-F) has decided not to invite women to its Oct 27 anti-government march towards Islamabad. Sources said that JUI-F chief Maulana Fazlur Rehman wrote to the Pakistan Muslim League-Nawaz (PML-N) informing it about the decis

Published 07 Oct, 2019 12:00am

Seminar on 'advanced sciences' held at LMDC

The Lahore Medical and Dental College organized a seminar on the topic of 'advanced sciences and its impact on society' here on Sunday. The seminar was attended by a large number of students and faculty members while Provincial Health Minister Dr Yasmeen

Published 07 Oct, 2019 12:00am

Punjab government vows to promote cottage industry

Punjab government has formulated a plan for rehabilitation and strengthening the cottage industry across the Province. Official sources told Business Recorder here on Sunday that under the plan loan amounting to Rs 300,000 would provide on soft ter

Published 07 Oct, 2019 12:00am

Siraj criticises PM for discouraging protesters moving to LoC

Jamaat-e-Islami chief Senator Sirajul Haq has said that the people of Pakistan and AJK have taken to the street in support of their besieged brethren of Indian held Kashmir (IHK) but the prime minister is issuing warnings against the protests.

Published 07 Oct, 2019 12:00am

Pesco surprise raid in a private hosuing society

A team of Peshawar Electricity Supply Company (Pesco) on Sunday conducted a surprise raid in a private housing society Nasir Bagh Road Peshawar and recovered illegal electricity material worth millions of rupees from the premises.

Published 07 Oct, 2019 12:00am

Ehsaas Langar scheme to help reduce inequality

Special Assistant to Prime Minister on Social Protection and Poverty Alleviation Dr Sania Nishtar says Ehsaas Langar scheme will help reduce inequality and invest in people through public private partnership model.

Published 07 Oct, 2019 12:00am

Businesses in occupied Kashmir

This is apropos a Business Recorder news item "India clampdown hits Kashmir's Silicon Valley: At least 3 top business leaders arrested" carried by the newspaper yesterday. The newspaper, in my view, has effectively highlighted a very important issu

Updated 07 Oct, 2019 10:01am

Profit and purpose

In 1919, Henry Ford's attempt to lower car prices and increase wages of factory workers did not go down well with the company's shareholders. The move would have an adverse impact on short-term profits and dividends. The Dodge brothers, minority sharehold

Updated 07 Oct, 2019 09:38am

Sustaining the Kashmir movement

Round 1 and 2 go to Pakistan. But winning a couple of rounds and winning the match can be different. Pakistan has put up a great fight in two rounds of Pre-UNGA internationalization of Kashmir issue phase and UNGA itself. India has been on the defensive b

Updated 07 Oct, 2019 06:12am

Cotton

The winter of Discontent

The incoming winter of 2019 may be heading towards a winter of discontent as opposed to the winter of 2018 when expectations with respect to the newly-installed Khan administration were extremely and, albeit, unrealistically high.

Updated 07 Oct, 2019 05:49am

An unwarranted march

All Opposition parties want the PTI-led government to go, but Maulana Fazlur Rehman's JUI(F) appears to be desperate. Others are confused, if not apprehensive, as to how his sit-in would play out. But the maulana has no such confusion; he can no longer wa

Updated 08 Oct, 2019 06:28am

Exchange

IMF: No room for back-tracking

While the government is sticking to its reform agenda, a three-member parliamentary committee led by Aisha Ghous (Chairperson) has unanimously called upon the government to cut the policy rate and non-development expenditures besides removing indirect tax

Updated 08 Oct, 2019 06:28am

Saudi Arabia allows unmarried foreign couples to rent hotel rooms

Saudi Arabia announced Sunday it would allow unmarried foreign couples to rent hotel rooms together as the ultraconservative kingdom begins offering up tourist visas for the first time.

Published 07 Oct, 2019 12:00am

Saudi Arabia allows unmarried foreign couples to rent hotel rooms

Saudi Arabia announced Sunday it would allow unmarried foreign couples to rent hotel rooms together as the ultraconservative kingdom begins offering up tourist visas for the first time.

Published 07 Oct, 2019 12:00am

NPCC accused of using 'expensive' power plants in August

National Electric Power Regulatory Authority (Nepra) has accused National Power Control Centre (NPCC) of using expensive power plants in August 2019 due to which billions of rupees undue financial burden was shifted to the Discos' consumers' in August, 2

Published 07 Oct, 2019 12:00am

NPCC accused of using 'expensive' power plants in August

National Electric Power Regulatory Authority (Nepra) has accused National Power Control Centre (NPCC) of using expensive power plants in August 2019 due to which billions of rupees undue financial burden was shifted to the Discos' consumers' in August, 2

Published 07 Oct, 2019 12:00am

Second Trump whistleblower comes forward with first-hand information: lawyer

A second whistleblower has come forward, this one with first-hand information of the events that triggered an impeachment investigation of President Donald Trump for alleged abuse of power, the informant's lawyer said Sunday.

Published 07 Oct, 2019 12:00am

Second Trump whistleblower comes forward with first-hand information: lawyer

A second whistleblower has come forward, this one with first-hand information of the events that triggered an impeachment investigation of President Donald Trump for alleged abuse of power, the informant's lawyer said Sunday.

Published 07 Oct, 2019 12:00am

Pope blames Amazon fires on destructive 'interests'

Pope Francis opened a synod on Sunday to champion the Amazon's poverty-stricken and isolated indigenous communities by condemning the destructive "interests" he blamed for the fires that devastated the region. The three-week synod, or assembly, is to unit

Published 07 Oct, 2019 12:00am

PPP, ANP seek to summon APC

Pakistan People's Party (PPP) and Awami National Party (ANP) have proposed to summon an All-Parties Conference (APC) of opposition parties to formulate modalities for participating in 'Azadi March' announced by Jamiat Ulema-e-Islam-Fazl (JUI-F) chief Maul

Published 07 Oct, 2019 12:00am

PPP, ANP seek to summon APC

Pakistan People's Party (PPP) and Awami National Party (ANP) have proposed to summon an All-Parties Conference (APC) of opposition parties to formulate modalities for participating in 'Azadi March' announced by Jamiat Ulema-e-Islam-Fazl (JUI-F) chief Maul

Published 07 Oct, 2019 12:00am

Saudi plane given to PM was not called back midway: spokesman

A government spokesman Sunday categorically dismissed as utter fabrication a report published in a weekly magazine that the special plane given by Saudi Crown Prince Mohammad bin Salman to facilitate Prime Minister Imran Khan's visit was called back by hi

Published 07 Oct, 2019 12:00am

Saudi plane given to PM was not called back midway: spokesman

A government spokesman Sunday categorically dismissed as utter fabrication a report published in a weekly magazine that the special plane given by Saudi Crown Prince Mohammad bin Salman to facilitate Prime Minister Imran Khan's visit was called back by hi

Published 07 Oct, 2019 12:00am

Exchange

Prime Minister leaves for China today

Prime Minister Imran Khan will pay an official visit to China from Monday (today) to discuss issues of regional and bilateral significance with Chinese leadership. During his visit, the Prime Minister will hold separate meetings with Chinese President Xi

Published 07 Oct, 2019 12:00am

Exchange

Prime Minister leaves for China today

Prime Minister Imran Khan will pay an official visit to China from Monday (today) to discuss issues of regional and bilateral significance with Chinese leadership. During his visit, the Prime Minister will hold separate meetings with Chinese President Xi

Published 07 Oct, 2019 12:00am

Government vows to take CPEC to new highs

Minister of Planning, Development and Reforms Makhdoom Khusro Bakhtiyar has vowed to take China-Pakistan Economic Corridor (CPEC) to new heights and try to achieve 6 percent Gross Domestic Product (GDP) growth rate of the country with minimum current acco

Published 07 Oct, 2019 12:00am

Government vows to take CPEC to new highs

Minister of Planning, Development and Reforms Makhdoom Khusro Bakhtiyar has vowed to take China-Pakistan Economic Corridor (CPEC) to new heights and try to achieve 6 percent Gross Domestic Product (GDP) growth rate of the country with minimum current acco

Published 07 Oct, 2019 12:00am

Exchange

THE RUPEE: weak trend witnessed

The rupee could not maintain stable trend against the dollar on the local currency market during the week ended on Oct 5, 2019. The rupee drifted lower by 38 paisas in terms of the dollar for buying and selling at Rs 156.53 and Rs 156.55.

Published 07 Oct, 2019 12:00am

Exchange

THE RUPEE: weak trend witnessed

The rupee could not maintain stable trend against the dollar on the local currency market during the week ended on Oct 5, 2019. The rupee drifted lower by 38 paisas in terms of the dollar for buying and selling at Rs 156.53 and Rs 156.55.

Published 07 Oct, 2019 12:00am

Futures spread up by 600 basis points

The futures spread increased by 600bps to negative 5.63 percent on the last day of the outgoing week. Trading activities on the futures counter remained thin as average daily volumes decreased by 41.1 percent to 71.46 million shares during this week as co

Published 07 Oct, 2019 12:00am

Futures spread up by 600 basis points

The futures spread increased by 600bps to negative 5.63 percent on the last day of the outgoing week. Trading activities on the futures counter remained thin as average daily volumes decreased by 41.1 percent to 71.46 million shares during this week as co

Published 07 Oct, 2019 12:00am

Exchange

Equities rebound

Pakistan Stock Exchange witnessed bullish trend during the outgoing week ended October 4, 2019 on the back of healthy buying in various sectors. BRIndex100 gained 134.48 points on week-on-week basis to close at 3,475.88 points. Average daily volumes stood

Published 07 Oct, 2019 12:00am

Exchange

Equities rebound

Pakistan Stock Exchange witnessed bullish trend during the outgoing week ended October 4, 2019 on the back of healthy buying in various sectors. BRIndex100 gained 134.48 points on week-on-week basis to close at 3,475.88 points. Average daily volumes stood

Published 07 Oct, 2019 12:00am

Exchange

Equities rebound

Pakistan Stock Exchange witnessed bullish trend during the outgoing week ended October 4, 2019 on the back of healthy buying in various sectors. BRIndex100 gained 134.48 points on week-on-week basis to close at 3,475.88 points. Average daily volumes stood

Published 07 Oct, 2019 12:00am

FD unhappy with PD over non-payment of loans

Finance Division is reportedly unhappy with the Power Division for not paying principal amount of loans of over Rs 800 billion taken from banks during the last 8 years, well informed sources in Finance Division told Business Recorder.

Published 07 Oct, 2019 12:00am

FD unhappy with PD over non-payment of loans

Finance Division is reportedly unhappy with the Power Division for not paying principal amount of loans of over Rs 800 billion taken from banks during the last 8 years, well informed sources in Finance Division told Business Recorder.

Published 07 Oct, 2019 12:00am

NAB chief rejects allegations

National Accountability Bureau (NAB) chairman former Justice Javed Iqbal has said allegations levelled by business community and traders on the accountability watchdog are unjustified. "Some of the traders' impressions regarding NAB during their meeting w

Published 07 Oct, 2019 12:00am

NAB chief rejects allegations

National Accountability Bureau (NAB) chairman former Justice Javed Iqbal has said allegations levelled by business community and traders on the accountability watchdog are unjustified. "Some of the traders' impressions regarding NAB during their meeting w

Published 07 Oct, 2019 12:00am

Action against tax frauds gains momentum: Shabbar

Federal Board of Revenue (FBR) chairman Shabbar Zaidi told on Sunday that the enforcement action against persons involved in fake and flying invoices to commit sales tax frauds has gained momentum. According to a tweet of Shabbar Zaidi here on Sunday, two

Published 07 Oct, 2019 12:00am

Action against tax frauds gains momentum: Shabbar

Federal Board of Revenue (FBR) chairman Shabbar Zaidi told on Sunday that the enforcement action against persons involved in fake and flying invoices to commit sales tax frauds has gained momentum. According to a tweet of Shabbar Zaidi here on Sunday, two

Updated 01 Nov, 2019 08:53am

Exchange

Government's steps help improve rupee value: Hammad

Federal Minister for Economic Affairs, Hammad Azhar on Sunday said that the value of Pakistani rupee has improved after the federal government took some immediate measures. Hammad Azhar, while addressing a press conference alongside the Punjab Minister fo

Published 07 Oct, 2019 12:00am

Exchange

Government's steps help improve rupee value: Hammad

Federal Minister for Economic Affairs, Hammad Azhar on Sunday said that the value of Pakistani rupee has improved after the federal government took some immediate measures. Hammad Azhar, while addressing a press conference alongside the Punjab Minister fo

Published 07 Oct, 2019 12:00am

e-Commerce: SBP urged to come up with clear-cut policy

The Federal Cabinet has urged State Bank of Pakistan (SBP) to come up with clear-cut policy on e-Commerce to facilitate "interested" foreign companies, well informed sources told Business Recorder. These instructions were issued during discussion o

Published 07 Oct, 2019 12:00am

e-Commerce: SBP urged to come up with clear-cut policy

The Federal Cabinet has urged State Bank of Pakistan (SBP) to come up with clear-cut policy on e-Commerce to facilitate "interested" foreign companies, well informed sources told Business Recorder. These instructions were issued during discussion o

Published 07 Oct, 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 27	293.94

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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