News Archives for Print - 2019-11-18

Print - 2019-11-18

Articles

Lower GDP growth rate in 2018-19

The economy has been in a state of 'stagflation' for over a year now. The GDP growth rate has fallen while there has been a spurt in the rate of inflation. What is not generally realized is how wide and deep the decline in value added or production is in

Updated 19 Nov, 2019 10:24am

Iraqis seal bridges, roads as protests pick up pace

Striking Iraqis sealed off key bridges and avenues in Baghdad and across the south Sunday, boosting a weeks-long street movement that is demanding a government overhaul. Sit-ins have become the go-to tactic for rallies that erupted in early October in fur

Published 18 Nov, 2019 12:00am

LHC verdict endorses government stance: Shahzad

Special Assistant to Prime Minister on Accountability Shahzad Akbar has said that the decision of Lahore High Court (LHC) on removal of Nawaz Sharif's name from Exit Control List (ECL) is an endorsement of the government's stance.

Published 18 Nov, 2019 12:00am

Marriyum says Nawaz may travel to London tomorrow

Pakistan Muslim League-Nawaz (PML-N) Secretary Information Marriyum Aurangzeb has said that former Prime Minister Muhammad Nawaz Sharif is expected to travel to London on Tuesday via an air ambulance. She said that the doctors conducted a thorough examina

Published 18 Nov, 2019 12:00am

PM asks legal team to examine LHC verdict

Prime Minister Imran Khan on Sunday directed the legal team of the government to deeply analyze the decision of the Lahore High Court (LHC) for removing the name of Nawaz Sharif from Exit Control List (ECL) and submit a report in the next cabinet meeting,

Published 18 Nov, 2019 12:00am

Stocks

Futures spread down by 5790 basis points

The futures spread declined by 5790bps to negative 579.30 per cent on the last day of the outgoing week. Trading activities on the futures counter slightly improved as average daily volumes increased by 27.4 percent to 90.73 million shares as compared to

Updated 18 Nov, 2019 07:14am

Stocks

Bullish momentum maintains

Pakistan Stock Exchange witnessed bullish trend during the outgoing week ended on November 15, 2019 on the back of healthy buying by local investors and institutions. BRIndex100 gained 177.67 points on week-on-week basis to close at 3,946.76 points. Avera

Published 18 Nov, 2019 12:00am

Oil marketing companies, dealers: mechanism for margin determination to be revisited

The Economic Coordination Committee (ECC) of the Cabinet has constituted a committee to be chaired by Prime Minister's Special Assistant on Petroleum, Nadeem Babar, to revisit existing mechanism for determination of margin of OMC and dealers on Motor Spir

Published 18 Nov, 2019 12:00am

Aramco declares $1.71 trillion valuation in blockbuster IPO

Saudi Arabia on Sunday put a value of up to $1.71 trillion on energy giant Aramco in what could be the world's biggest IPO, but missed Crown Prince Mohammed bin Salman's initial target of $2 trillion. Aramco said it would sell 1.5 percent of the company i

Published 18 Nov, 2019 12:00am

Inclusion of PSM in CPEC: Pakistan, China discuss proposal

Pakistan and China have reportedly discussed the possibility to include Pakistan Steel Mills (PSM) in China Pakistan Economic Corridor (CPEC), well informed sources told Business Recorder. This proposal came under discussed at 9th Joint Cooperation

Published 18 Nov, 2019 12:00am

Money & Banking

THE RUPEE: Steady trend

The rupee held present levels against the dollar on the local currency market during the week, ended on Nov 16, 2019. The rupee gained modestly in relation to the dollar for buying at Rs 155.38 while the national currency was unmoved for selling at Rs 155

Published 18 Nov, 2019 12:00am

Babri Mosque site: Indian Muslims to pursue review of ruling

An Indian Muslim group said on Sunday it would file a petition in the Supreme Court asking for a review of a ruling that awarded a disputed site in Uttar Pradesh to Hindus, allowing them to build a temple there.

Published 18 Nov, 2019 12:00am

Britain's Prince Andrew 'categorically' denies sex claims

Britain's Prince Andrew said he could not have had sex with a teenage girl at a socialite's London home because he returned to his house after a children's party on the night in question and has no recollection of ever meeting her.

Published 18 Nov, 2019 12:00am

Companies Act, 2017: 'Company benches' restrained from exercising powers

Company benches of the high courts have been restrained from exercising certain powers of the Companies Act, 2017 including power of Securities and Exchange Commission of Pakistan (SECP) for reconstruction, amalgamation of companies or winding up of publi

Published 18 Nov, 2019 12:00am

Russia says India delaying signing helicopters deal

The head of Russian Helicopters said on Sunday that India was delaying the signing of a firm agreement for purchasing 200 helicopters despite providing all information. Chief Executive Andrey Boginsky also said it would benefit India if the planned order

Published 18 Nov, 2019 12:00am

'Terminator' Rajapaksa storms to victory in Sri Lanka

Gotabaya Rajapaksa, who spearheaded the brutal crushing of Tamil Tigers a decade ago, stormed to power Sunday but promised to be a president for all Sri Lanka's races and religions after a divisive election.

Published 18 Nov, 2019 12:00am

Khamenei backs gasoline price hike, blames 'sabotage' for unrest

Iran's Ayatollah Ali Khamenei on Sunday backed the sharp gasoline price rises that have sparked country-wide protests, which he blamed on the Islamic Republic's opponents and "sabotage" by foreign foes. "Some people are no doubt worried by this decision .

Published 18 Nov, 2019 12:00am

FBR restructuring: seven-member Steering Committee constituted

A seven-member Steering Committee has been constituted under the supervision of Federal Board of Revenue (FBR) Chairman Shabbar Zaidi to expedite the reforms process for restructuring the entire tax machinery and introduce centralised collection of genera

Published 18 Nov, 2019 12:00am

UK government and military covered up war crimes: report

The UK government and military covered up credible evidence of war crimes by British soldiers against civilians in Afghanistan and Iraq, according to an investigation by the BBC and the Sunday Times.

Published 18 Nov, 2019 12:00am

Letters

Huzaima and Ikram deserve praise

The PTI government ought to have given due credit to taxation experts Huzaima Bukhari and Dr Ikramul Haq who have been highlighting the inherent flaws in country's taxation system. In their latest op-ed for Business Recorder, they have pointed out, inter

Updated 18 Nov, 2019 07:28am

Articles

Afghan pomegranate growers squeezed as prices drop

Pomegranate farmers in southern Afghanistan - where growing the juicy fruit is an important alternative to opium poppy production - say they are feeling the squeeze this year, with business blemished by chilly weather, pests and export woes.

Updated 18 Nov, 2019 07:16am

Articles

ECO - A market unexplored

The world is getting smaller. Countries are trying to be part of something bigger to enjoy scale economies. Cooperation creates more benefit than competition. That is why from having regional alliances to having trading bloc alliances, the world is becomi

Updated 18 Nov, 2019 07:12am

Articles

IMF loan a bitter pill: the bitter truth

Pakistan is a perennial borrower of the International Monetary Fund (IMF) reflected by the fact that in our 72-year history the ongoing programme is the 23rd with an average duration of 3 years each (the current one is for 39 months), though not all were

Updated 18 Nov, 2019 07:06am

The issue of internment centres

By challenging in the Supreme Court the decision of the Peshawar High Court (PHC) regarding special internment centres, the government may have invited a "great problem", as warned by Chief Justice Asif Saeed Khosa in Friday's proceedings of the case. It

Updated 18 Nov, 2019 11:35am

The economic team's defence

Advisor to the Prime Minister on Finance with the status of a federal minister Dr Hafeez Sheikh flanked by the usual suspects - Shabbar Zaidi, the Chairman of the Federal Board of Revenue on his left and Hammad Azhar, Minister for Economic Affairs, on his

Updated 19 Nov, 2019 06:25am

Energy

Government collects Rs 2.197 billion oil royalty from five E&P companies

The government has collected an amount of Rs2.197 billion on account of oil royalty from five hydrocarbon Exploration and Production (E&P) companies during the last three years for onward payment to the provinces concerned.

Published 18 Nov, 2019 12:00am

Sarwar rules out possibility of an in-house change

Punjab Governor Chaudhry Mohammad Sarwar said on Sunday that everyone must keep in mind that there was neither any in-house change on the cards nor chances of dissolution of the Parliament, as people had given the government a mandate for five years.

Published 18 Nov, 2019 12:00am

Cotton & Textile

WEEKLY COTTON REVIEW: Prices dip extraordinarily

The prices of cotton witnessed an extraordinary decrease of Rs 400 per maund. 60 lac bales will be imported. All Pakistan Textile Mills Association demands restoration of zero rated facility. Textile products manufacturers demands that refunds should be i

Published 18 Nov, 2019 12:00am

Business & Economy

5th ballot ceremony of DHA Bahawalpur held

DHA Bahawalpur, a premier community lifestyle provider, held its 5th ballot of 5,8 Marla & 2 Kanal Residential plots, 4 & 8 Marla Commercial plots and 4 & 8 Kanal Farm Houses (Residential plots) on 16 Nov 2019 at site of DHA Bahawalpur.

Published 18 Nov, 2019 12:00am

Thar Foundation donates anti-locust pesticide to district government

To arrest the menace of locust in Thar, Thar Foundation has joined hands with district administration of Tharparkar by donating a consignment of anti-locust pesticide to the district government of Thar.

Published 18 Nov, 2019 12:00am

Taxes

DGI&I Customs unearths tax evasion fraud worth $358,740

Directorate General Intelligence and Investigation (DGI&I), Customs, Karachi has unearthed a big fiscal fraud of $ 358740. According to an FIR, special investigation unit (SIU) of the Directorate received information that some unscrupulous elements were a

Updated 18 Nov, 2019 07:07am

Taxes

APCAA urges Customs to revise criteria of examination

All Pakistan Customs Agents Association (APCAA) has urged Pakistan Customs to revise the criteria of examination with suitable amendments as per international standards to facilitate business community.

Published 18 Nov, 2019 12:00am

NAB asks victims of Modarbat scam to submit claims

The National Accountability Bureau (NAB), Rawalpindi has directed the persons cheated by Hafiz Abdul Majid and Mufti Abdul Basit, etc to submit their compensation claims within the next fortnight.

Published 18 Nov, 2019 12:00am

PTI to complete five-year constitutional term: Buzdar

Brushing aside the speculations of midterm elections, Punjab Chief Minister Usman Buzdar has claimed that the Pakistan Tehreek-e-Insaf (PTI) government will complete its constitutional tenure of five years.

Published 18 Nov, 2019 12:00am

Business & Economy

Italy to invest 40 million euros in social sector: envoy

Italian Ambassador to Pakistan Stefano Pontecovero stated that the Italian government plans to invest 40 Million Euros for youth, health, infrastructure, education development policies and programmes in Pakistan in collaboration with Pakistan Poverty Alle

Published 18 Nov, 2019 12:00am

Business & Economy

Steam safari special train inaugurated

Federal Railways Minister Sheikh Rashid Ahmad on Sunday inaugurated Steam Safari Special Train in Rawalpindi. Talking to the media after inaugurating the new train, the minister said in first phase the Safari Train will operate from Rawalpindi to Golra (I

Published 18 Nov, 2019 12:00am

Netherlands' queen due on November 25

: Her Majesty Queen Máxima of the Netherlands will visit Pakistan from 25-27 November 2019 in her capacity as the United Nations Secretary-General's Special Advocate (UNSGSA) for Inclusive Finance for Development. During the visit, Queen Máxima will call

Published 18 Nov, 2019 12:00am

Vice Admiral Fayyaz Gilani appointed VCNS

Vice Admiral Muhammad Fayyaz Gilani has been appointed as Vice Chief of the Naval Staff (VCNS). Vice Admiral Muhammad Fayyaz Gilani has succeeded Vice Admiral Kaleem Shaukat who completed his tenure of service on 16 Nov 2019 as VCNS.

Published 18 Nov, 2019 12:00am

Court order on Nawaz's plea proves govt's stance: Firdous

Special Assistant to Prime Minister on Information and Broadcast Dr Firdous Ashiq Awan said that order of the Lahore High Court (LHC) in connection with Nawaz Sharif's name in Exit Control List (ECL) proved that government stance was based on principles a

Published 18 Nov, 2019 12:00am

Pakistan felicitates new Sri Lankan president

The Government and leadership of Pakistan warmly felicitate the newly-elected President of the Democratic Socialist Republic of Sri Lanka, Gotabaya Rajapaksa, on his electoral victory as the 7th President of the country.

Published 18 Nov, 2019 12:00am

Energy

AGP detects non-recovery of Rs 3.384 billion by KP E&P department

The Auditor General of Pakistan (AGP) has detected non-recoveries of the outstanding dues of over Rs 3.384 billion of energy from Central Power Purchase Agreement (CPPA) and Peshawar Electric Supply Company (PESCO) and overpayment of Rs 3.08 million due t

Published 18 Nov, 2019 12:00am

Business & Economy

Appointment of CEO SMEDA to trigger controversy

The lack of the representation of Khyber Pakhtunkhwa and Baluchistan on the Board of Directors (BoD) of Small and Medium Enterprises Development Authority (SMEDA) is likely to render the appointment of the new Chief Executive Officer (CEO) of the authorit

Published 18 Nov, 2019 12:00am

Wahab opens NICVD's 11th CPU in Lyari's Moosa Lane

Adviser to Sindh Chief Minister for Law and Environment Murtaza Wahab Thursday inaugurated the 11th chest pain unit of National Institute of Cardiovascular Diseases (NICVD) in Moosa Lane area of Lyari and urged the NICVD administration to open one such ch

Published 18 Nov, 2019 12:00am

Prices of essential food items rise sharply

Prices of essential food commodities, including vegetable, pulses, fruits, sugar, flour and other have risen sharply in local market, according to a survey carried out by Business Recorder here on Sunday.

Published 18 Nov, 2019 12:00am

Pakistan rejects Indian minister's assertions

Pakistan on Sunday firmly rejected the unfounded remarks reportedly made by the Indian External Affairs Minister (EAM) in an interview with a French newspaper and in interaction with certain other media outlets.

Published 18 Nov, 2019 12:00am

Several officers of AG Sindh promoted

Federal Government has promoted the Assistant Accounts Officers namely Burhan Haider Lodhi, Zaheer Ahmad Memon, Hassan Jan Changezi, Fahad Mansuri, Mazhar Hussain Magsi, Israr Ahmed Khan, Zaffar Abbas Unar, Munir Ahmed Shaikh, working in Basic Pay Scale-1

Published 18 Nov, 2019 12:00am

Haji Adeel's third death anniversary today

Third death anniversary of the late senior politician Senator Haji Mohammad Adeel is being observed here Monday (today). The late veteran politician, during his four decades long political career, had worked on different important offices of ANP and offic

Published 18 Nov, 2019 12:00am

Business & Economy

RCCI for reducing interest rate

Rawalpindi Chamber of Commerce and Industry (RCCI) has urged the government to lower the interest rate as it had increased the credit cost of commercial banks which is badly affecting the growth of industrial activities and added more difficulties for the

Published 18 Nov, 2019 12:00am

Navy, Royal Bahrain Defence Force's SOF exercises conclude

A bilateral exercise SHAHEEN AL JAZEERA -2019 between Pakistan Navy's Special Service Group and Royal Bahrain Defence Force's Special Operation Force (SOF) concluded at Karachi. Shaheen Al Jazeera is a series of bilateral SOF exercises which is conducted

Published 18 Nov, 2019 12:00am

Anti-polio campaign to begin in KP from today

The four days anti-polio campaign will be launched in nine districts of Khyber Pakhtunkhwa from today (Monday) in response to the polio cases and continuous virus circulation in the region.

Published 18 Nov, 2019 12:00am

Energy

SSub-standard solar equipment: government to form policy to curb import

The Federal Government has decided to formulate a comprehensive policy/ criteria to curb import of sub-standard solar equipment and take steps to ensure that the country does not become a dumping ground for sub-standard solar equipment.

Published 18 Nov, 2019 12:00am

Sindh sans Senior Citizens' Council even after 3 years

Sindh Government has failed to constitute the Senior Citizens' Council despite the provincial assembly has passed the 'Senior Citizens Welfare Act' back in 2016, depriving the aged-people of leading a respectful and dignified life, as promised by the act.

Published 18 Nov, 2019 12:00am

Press freedom: Tributes paid to Daniel Pearl's life, contribution

Acting US Consul General Jack Hillmeyer welcomed a festive crowd of 200 music lovers to a concert organized by the US Consulate General Karachi at the Arts Council Karachi to mark the 17th annual "Daniel Pearl World Music Days." Contemporary Sufi musician

Published 18 Nov, 2019 12:00am

'Sugarcane crop consumes water equivalent to Mangla storage annually' an interview with Dr Shahid Afghan, Sugarcane Research & Development Board (Punjab)

Dr Shahid Afghan is CEO Sugarcane Research & Development Board (SRDB), Govt. of Punjab. He has over thirty years of Research, Development & Innovation experience in sugarcane crop production. In the past, he has also served as the project head of provinci

Updated 19 Nov, 2019 10:15am

Hong Kong police warn of 'live fire' as campus protest siege deepens

Hong Kong police Monday warned for the first time in months of unrest that they may use "live rounds" after pro-democracy protesters fired arrows and threw petrol bombs at officers at a besieged university campus, as the crisis engulfing the city sharply

Published 18 Nov, 2019 12:00am

Lebanon tycoon forgoes PM job

Lebanon's former finance minister has backed down from becoming the protest-hit country's new prime minister, after reports of his nomination sparked ire among demonstrators railing against the ruling elite.

Updated 18 Nov, 2019 06:44am

Australian man accused of starting bushfire to protect cannabis crop

An Australian man has been accused of deliberately lighting a fire to protect his cannabis crop, sparking an out-of-control bushfire as blazes rage along the country's east coast.

Updated 18 Nov, 2019 06:45am

UK PM sets out immigration plans as Conservatives hit two-year poll high

British Prime Minister Boris Johnson set out plans on Sunday to end preferential treatment for European Union migrants, as opinion polls showed his Conservative Party has the highest level of support since 2017 ahead of next month's election.

Published 18 Nov, 2019 12:00am

Tens of thousands protest in Georgia demanding snap polls

Tens of thousands of opposition supporters rallied in Georgia on Sunday, demanding the government's resignation and early parliamentary polls after the increasingly unpopular ruling party backtracked on promised electoral reforms.

Published 18 Nov, 2019 12:00am

US, South Korea postpone joint drills in 'act of goodwill'

The US and South Korea will postpone joint air drills in an "act of goodwill" towards the nuclear-armed North, US Defence Secretary Mark Esper said Sunday, after months of deadlocked diplomacy with Pyongyang.

Updated 18 Nov, 2019 07:10am

Pope hosts meal for 1,500 poor and homeless

Pope Francis on Sunday hosted around 1,500 poor and homeless people for lunch at the Vatican, decrying indifference to poverty as the Catholic Church marked its World Day of the Poor.

Updated 18 Nov, 2019 07:10am

Palestinian journalists protest wounding of colleague

"The eyes of truth will never be blinded," protesters' placards read, as Palestinian journalists wore eye patches Sunday to decry the wounding of a colleague in the occupied West Bank.

Published 18 Nov, 2019 12:00am

Two planes in 'minor' collision at Frankfurt airport

An Air Namibia plane collided with a Korean Air jet after landing at Frankfurt airport on Saturday evening, officials said, adding that no one was injured.

Updated 18 Nov, 2019 07:13am

French 'yellow vests' shut down top Paris department store

French "yellow vest" demonstrators occupied a top Parisian department store on Sunday, a day after clashes in the capital on the first anniversary of the protest movement.

Updated 18 Nov, 2019 07:16am

First China-made carrier sails through Taiwan Strait

A Taiwanese minister accused China of intimidation ahead of upcoming elections after Beijing sent its first domestically-built aircraft carrier to sail through the Taiwan Strait on Sunday, Taipei's defence ministry said.

Published 18 Nov, 2019 12:00am

Money & Banking

Many pitfalls in reform of Africa's CFA franc

Calls to overhaul the West African CFA franc, a currency tied to the euro and historically rooted in French colonial rule, raise a host of thorny problems, analysts say.

Published 18 Nov, 2019 12:00am

Stocks

Brazil's largest digital broker XP files for Nasdaq IPO

Brazil's largest digital broker, XP Inc, on Friday filed for an initial public offering on Nasdaq. The company plans a dual-class share structure giving controlling shareholders of Class B shares 10 times the voting rights of Class A shares sold in the of

Updated 18 Nov, 2019 07:21am

Money & Banking

Primary dealers remain key for European government bond sales

The role of banks as primary dealers in European government bond auctions remains key, and pressure on banks to maintain this function appears to have stabilised, two debt agency chiefs said on Wednesday.

Updated 18 Nov, 2019 07:21am

Stocks

FAB drags down Abu Dhabi; other Gulf markets steady

Abu Dhabi's stock market fell sharply on Sunday, weighed down by the country's largest lender First Abu Dhabi Bank, while other Gulf markets were mostly flat.

Updated 18 Nov, 2019 07:21am

Money & Banking

US-sanctioned Venezuela doubles euro supplies to banks

Venezuela's central bank has doubled the amount of euros in cash it provides local banks as hyperinflation and US sanctions prompt a surge in use of the European currency, four sources familiar with central bank activities said.

Published 18 Nov, 2019 12:00am

Stocks

Foreigners buy Japanese stocks for fifth straight week

Foreigners were net buyers of Japanese stocks for a fifth consecutive week last week, as optimism grew that the United States and China could clinch an interim trade deal.

Updated 18 Nov, 2019 07:21am

Money & Banking

Most CEE currencies seen returning to gains

Central Europe's leading currencies should firm against the euro over the next year, lifted by solid growth once global worries calm, although the expected gains will be less than previously forecast, a Reuters poll showed on Friday.

Updated 18 Nov, 2019 07:21am

Money & Banking

Markets turn long on Chinese yuan, peso bulls at 5-1/2-year peak

Market participants turned bullish on the Chinese yuan after nearly seven months and increased long positions on most emerging Asian currencies over the past two weeks, a Reuters poll showed, as prospects of an interim Sino-US trade deal whetted risk appe

Published 18 Nov, 2019 12:00am

Money & Banking

Norwest Venture closes $2 billion fund, its biggest to date

Norwest Venture Partners, a former investor in Uber and Spotify, said on Thursday it closed its largest fund to date at $2 billion, bringing its total capital under management to $9.5 billion.

Published 18 Nov, 2019 12:00am

Money & Banking

Small French investors snap up 1 billion euros in lottery share subscription

The French state has raised 1 billion euros in subscriptions from small-time investors for shares in the national lottery, which is to be privatised next week, Finance Minister Bruno Le Maire announced Sunday.

Published 18 Nov, 2019 12:00am

Stocks

Wall Street week ahead: sagging consumer discretionary shares look for a spark

The strength of the US consumer has been often cited as a pillar of the economy and one of the reasons the S&P 500 has recently scaled new heights, but consumer discretionary stocks

Published 18 Nov, 2019 12:00am

Global Business Economy

Deutsche Post reports Q3 profit jump

Deutsche Post DHL reported an almost tripling of third-quarter operating profit on Tuesday and said it expected a strong fourth quarter buoyed by ecommerce and growth in its freight division despite slowing global trade. The German post and logistics grou

Updated 18 Nov, 2019 07:14am

Global Business Economy

Tesla to build first European plant in Berlin

Tesla will build its first European factory and design centre near Berlin, giving the US electric car pioneer the coveted "Made in Germany" label just as local rivals Audi, BMW and Mercedes prepare to launch competing cars.

Updated 18 Nov, 2019 07:14am

Money & Banking

ABN Amro's Q3 profit drops 24 percent on higher costs for client oversight

ABN Amro on Wednesday became the first of the three big Dutch banks to bow to political pressure and promise not to apply negative interest rates to savings accounts of less than 100,000 euros ($110,200).

Published 18 Nov, 2019 12:00am

Energy

Toshiba to buy out three listed subsidiaries

Toshiba Corp on Wednesday reported its highest quarterly profit in two years and said it will buy out three of its listed subsidiaries as the industrial conglomerate moves on from accounting scandals and a management crisis. Toshiba's energy and infrastru

Published 18 Nov, 2019 12:00am

Money & Banking

Singapore's DBS Q3 profit beats view on wealth fees

DBS Group Holdings, Southeast Asia's biggest lender, reported that higher wealth management fees drove a forecast-beating 15 percent rise in third-quarter profit, but cautioned growth will slow next year due to the impact of lower interest rates.

Published 18 Nov, 2019 12:00am

Energy

Aramco names first woman to head overseas office

Saudi Aramco, the world's top oil exporter, has appointed its first woman head of an overseas office, two sources with knowledge of the matter said on Wednesday. Marwa al-Khuzaim will helm Aramco Asia Singapore from December, taking over from Nader al-Arf

Published 18 Nov, 2019 12:00am

Global Business Economy

Boeing orders sink as customers opt to swap MAX

Boeing Co took 10 new plane orders last month, but saw some customers swapping the US planemaker's grounded 737 MAX planes in favor of more expensive wide-body planes as doubts lingered about the MAX's return to service.

Updated 18 Nov, 2019 07:27am

Telecommunication

Vodafone Idea makes $7 billion loss after provisions for government dues

Indian mobile carrier Vodafone Idea on Thursday reported the biggest quarterly loss in India's corporate history after making provisions for outstanding government dues.

Published 18 Nov, 2019 12:00am

Sea levels could rise even faster, higher than feared: study

Global warming could drive a much more dramatic increase in sea levels than current projections suggest, scientists say, citing a rise of 10 metres (33 feet) during Earth's last warming interlude more than 100,000 years ago.

Updated 18 Nov, 2019 07:27am

Insomnia symptoms tied to increased risk of heart attack, stroke

People who have trouble falling asleep or staying asleep may be more likely to have a heart attack or stroke than individuals who don't have any sleep difficulties, a recent study suggests. Researchers followed 487,200 people in China for about a decade s

Updated 18 Nov, 2019 07:40am

Climate change exposes future generations to life-long health harm

A child born today faces multiple and life-long health harms from climate change - growing up in a warmer world with risks of food shortages, infectious diseases, floods and extreme heat, a major global study has found.

Updated 18 Nov, 2019 07:27am

Pneumonia kills a child every 39 seconds, health agencies say

Pneumonia killed more than 800,000 babies and young children last year - or one child every 39 seconds - despite being curable and mostly preventable, global health agencies said on Tuesday.

Published 18 Nov, 2019 12:00am

Singapore scientists produce in-vitro human skin

A piece of skin about the size of your thumbnail can be printed in less than a minute, scientists in Singapore say, a game-changing step for the future of non-animal testing for cosmetics and other products.

Updated 18 Nov, 2019 09:38am

From sci-fi to science lab: Holograms you can 'feel'

Walking, talking holograms have been a staple of sci-fi films since Princess Leia was magically brought to life in "Star Wars". Now scientists in Britain say they can make even more realistic 3D versions - a butterfly, a globe, an emoji - which can be see

Published 18 Nov, 2019 12:00am

IT & Computers

IBM: face recognition tech should be regulated, not banned

IBM weighed in November 5 on the policy debate over facial recognition technology, arguing against an outright ban but calling for "precision regulation" to protect privacy and civil liberties.

Published 18 Nov, 2019 12:00am

IT & Computers

Facebook says AI getting better at spying unwanted content

Facebook on Wednesday said that its software is getting more skilled at spying banned content at the social network, then working with humans to quickly remove terrorist videos and more.

Published 18 Nov, 2019 12:00am

IT & Computers

Tech firms react to netizens' digital privacy concerns

Whistleblowers and digital pioneers have long been sounding the alarm about abuses of our privacy online. Now, a slew of tech entrepreneurs are bidding to turn growing consciousness about the problem into a money-making industry and many showcased their s

Published 18 Nov, 2019 12:00am

IT & Computers

Facebook messaging apps getting unified payment system

Facebook on Tuesday said it is consolidating the system that handles payments at the social network and in its family of messaging apps. The move comes in a climate of political rhetoric that includes calling for the California-based internet company to b

Published 18 Nov, 2019 12:00am

IT & Computers

Google enters battle for cloud gaming market

Ever-expanding Google becomes a gaming company Tuesday with the launch of its Stadia cloud service that lets people play console-quality video games on a web browser or smartphone.

Published 18 Nov, 2019 12:00am

Bolivians queue for chicken and fuel as protests cripple highways

Bolivians suffered long lines on the streets of La Paz on Sunday to secure chicken, eggs and cooking fuel as supporters of ousted President Evo Morales continued to cripple the country's highways, isolating population centers from lowland farms.

Published 18 Nov, 2019 12:00am

Bangladesh flies in onion supplies as price hits record high

Bangladesh is urgently importing onions by air as the price of the essential ingredient in local dishes soared to record highs, an official said Sunday, with even the prime minister chopping the bulb from her menu.

Published 18 Nov, 2019 12:00am

Global Business Economy

US, China negotiators hold 'constructive' call on trade deal: ministry

Top Chinese and US trade negotiators held "constructive" discussions over the phone on a preliminary trade deal between the two countries, China's commerce ministry announced in a statement on Sunday.

Updated 18 Nov, 2019 07:27am

Global Business Economy

Billionaire Zara founder builds global real estate empire

Spanish billionaire Amancio Ortega, the founder of clothing giant Zara, has built up a global real estate empire that includes offices used by Facebook and Amazon in Seattle and large swathes of London's Oxford Street.

Updated 18 Nov, 2019 07:38am

'White Coats' ceremony at AUMC today

At Ameer Uddin Medical College(AUMC), "White Coats" ceremony will take place today (Monday) at College Campus in which ex-principals, MBBS students and their parents will be attending in a large number while faculty members will also participate.

Published 18 Nov, 2019 12:00am

Previous Day

Forex
World
Commodity

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

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

Item	Value
Crude Oil USD/Barrel / Apr 26	83.85
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 26	210048
Gold Spot USD/Ounce / Apr 26	2337.96
Cotton US¢/pound / Apr 26	80.90
Petrol/Litre / Apr 28	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 28 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 28 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 28 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 28 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 28 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 28 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 28 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 28 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 28 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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