News Archives for Print - 2018-05-30

Print - 2018-05-30

Italian bonds suffer worst day in over 25 years

A deepening political crisis in Italy, the euro zone's third biggest economy, fuelled a selloff in Italian assets and the euro on Tuesday that was reminiscent of the euro zone debt crisis of 2010-2012. Short-term Italian bond yields suffered the biggest o

Published 30 May, 2018 12:00am

Shanghai stocks down for fifth day

Shanghai stocks posted a fifth straight session of losses on Tuesday, as investors became concerned about credit risks amid more bond defaults, while Beijing vowed financial stability ahead of shares being included in MSCI's global benchmark indexes.

Published 30 May, 2018 12:00am

European shares bruised by Italian political risk

European shares fell for a second day on Tuesday on fears a new election in Italy, which could become a proxy referendum on its euro membership, might renew the risk of a euro zone break-up. Italy's main stock index closed down 2.7 percent and hit a 10-mo

Published 30 May, 2018 12:00am

TSX hits two-week low

Canada's main stock index fell to a more than two-week low on Monday as weaker oil prices pressured energy shares, while materials and financials also lost ground. The Toronto Stock Exchange's S&P/TSX composite index ended down 59.53 points, or 0.37 perce

Published 30 May, 2018 12:00am

Australian shares up; New Zealand down

Australian shares ended higher Tuesday, lifted by banks, though gains were capped by declines for consumer and telecom stocks. The S&P/ASX 200 index closed 0.2 percent, or 9.6 points, higher at 6013.6. The benchmark declined 0.5 percent on Monday.

Published 30 May, 2018 12:00am

FTSE falls to lowest level in three weeks, down 1.3 percent at close

British stocks fell on Tuesday, joining a Europe-wide sell-off triggered by worries over a political crisis in Italy, while a profit warning at Dixons Carphone wiped one fifth off the retailer's market value. The UK's top share FTSE 100 index ended the se

Published 30 May, 2018 12:00am

Bayer wins: US approval for blockbuster Monsanto takeover

German chemicals firm Bayer said on Tuesday it had won conditional antitrust approval from the US Justice Department for its blockbuster takeover of US seeds and pesticide maker Monsanto.

Published 30 May, 2018 12:00am

Scepticism as France convenes Libya peace conference

Rival Libyan leaders vying for influence in the fractured and war-scarred country meet in Paris on Tuesday for a major peace conference seen as a risky French-backed push for a political settlement in the country. Many analysts are sceptical that the init

Published 30 May, 2018 12:00am

Violence against Afghan women carried out with impunity: UN

The United Nations issued a blistering report Tuesday accusing the Afghan state of violating women's rights by failing to prosecute criminal violence against them, underscoring widespread gender brutality nearly 17 years after the Taliban's fall.

Published 30 May, 2018 12:00am

Myanmar stalling on end to child soldier recruitment: UN

Myanmar has not done enough to fulfil its promise to end the use of child soldiers and underage recruitment may even be on the rise, a top UN official said Tuesday. The military and a number of rebel groups have for years drafted underage soldiers to batt

Published 30 May, 2018 12:00am

Saudi Arabia rejects Macron comment over Hariri 'detention'

Saudi Arabia on Tuesday rejected French President Emmanuel Macron's comment that Lebanese Prime Minister Saad Hariri had been held against his will in the kingdom in November. Hariri announced on November 4 that he was stepping down in a televised address

Published 30 May, 2018 12:00am

Afghan special forces kill nine civilians

Afghan special forces have killed nine civilians in an apparently botched operation in the eastern province of Nangarhar, officials said Tuesday. The victims were related to Afghan Senate chairman Fazel Hadi Muslimyaar, provincial spokesman Attaullah Khog

Published 30 May, 2018 12:00am

Qatar council backs permanent residency law for foreigners

Qatar has moved closer to granting permanent residency to foreigners after its senior legislative body approved a draft law, first announced in the wake of the ongoing Gulf crisis. State media reported the Shura Council agreed on Monday to back a law whic

Published 30 May, 2018 12:00am

Pompeo puts religion at heart of US rights agenda

Secretary of State Mike Pompeo will host a high-level international meeting on religious freedom, he announced Tuesday, putting the issue at the heart of the US human rights agenda. The "Ministerial to Advance Religious Freedom" will be held between the c

Published 30 May, 2018 12:00am

Nigeria to cut age limits for political candidates

Nigeria's President Muhammadu Buhari on Tuesday said he would approve a new law to reduce the age limit for political office, raising the prospect of younger candidates at next year's general election. "In (a) few days to come, I will be joined by many pr

Published 30 May, 2018 12:00am

Japan reports suspected : North Korea sanctions breach

Japan has reported a suspected sanctions violation by Pyongyang to the UN after spotting an apparent cargo transfer involving a North Korean tanker, the foreign ministry in Tokyo said Tuesday. The incident is the fifth time this year Tokyo has reported a

Published 30 May, 2018 12:00am

Top North Korean general on way to US ahead of summit

A senior North Korean official was bound for New York for high-level talks with US officials on Tuesday as preparations for a historic nuclear summit between Donald Trump and Kim Jong Un gathered pace. General Kim Yong Chol, vice chairman of the central c

Published 30 May, 2018 12:00am

South African parliament passes national minimum wage bill

South Africa's parliament on Tuesday passed a national minimum wage bill in a landmark step aimed at bridging one of the world's highest income inequality gaps. The bill attempts to ensure that the lowest paid workers receive a minimum of 20 rand ($1.60)

Published 30 May, 2018 12:00am

France bans 'big screen' zones for World Cup over terror fears

The threat of terrorist attacks in France has put paid to fans' hopes of watching the World Cup on big screens in public spaces, France's ministry for the interior announced Tuesday. "I remind all publicly-elected officials of the fact that 'big screen' z

Published 30 May, 2018 12:00am

Starbucks shuts 8,000 US stores for racial bias training

Starbucks is closing more than 8,000 stores across the United States Tuesday to conduct employee training on racial bias, a closely watched exercise that spotlights lingering problems of discrimination nationwide. The move, which affects 175,000 employees

Published 30 May, 2018 12:00am

Israel seizes control of boat in Gaza blockade protest

Israeli forces stopped and seized a Palestinian protest boat Tuesday, the army said, as those aboard sought to demonstrate against the Jewish state's blockade of Gaza. The incident occurred amid high tensions in the Gaza Strip after militants fired some 2

Published 30 May, 2018 12:00am

Palestinians launch barrages across border, Israel hits back with air strikes

Palestinians launched their heaviest barrages against Israel since the 2014 Gaza war on Tuesday and Israeli aircraft struck back, in a surge of fighting after weeks of border violence. Three Israeli soldiers were wounded by shrapnel, the military said, af

Published 30 May, 2018 12:00am

A quarter of Central Africa population displaced by conflict: UN

More than a quarter of the Central African Republic's population have left their homes because of conflict, new UN figures published on Tuesday showed. The Office for the Coordination of Humanitarian Affairs (OCHA) said the number of people who had been i

Published 30 May, 2018 12:00am

Libyan leaders commit to December 10 elections

Four Libyan leaders on Tuesday committed to holding elections in the fractured country on December 10 in a joint statement issued at a peace conference in Paris. The four men, who represent most but not all of Libya's rival factions, also agreed to "accep

Published 30 May, 2018 12:00am

Storms kill at least 47 as India temperatures mount

Fierce storms which swept across northern India have killed at least 47, taking the death toll from freak weather over the past month to several hundred, officials said Tuesday. The storms and lightning strikes toppled walls and power pylons or electrocut

Published 30 May, 2018 12:00am

Schools, hospitals shut as Chad civil servants go on strike

Hospitals and schools were shut in Chad Monday as civil servants went on strike over pay cuts imposed by the cash-strapped government which is under pressure to cut public funding to meet the demands of international donors. Public sector workers are dema

Published 30 May, 2018 12:00am

More than 100 dead as Bangladesh drug war escalates

More than 100 alleged drug dealers have been killed and thousands detained in Bangladesh in the past fortnight in a Philippines-style narcotics crackdown that has raised concerns about extrajudicial killings. Police said ten more alleged traffickers were

Published 30 May, 2018 12:00am

Germany and Turkey mark deadly 1993 neo-Nazi attack

Germany and Turkey put aside their diplomatic tensions Tuesday to jointly remember the five ethnic Turkish victims of a murderous neo-Nazi arson attack a quarter century ago and warn against resurgent xenophobia and racist violence. Chancellor Angela Merk

Published 30 May, 2018 12:00am

Shanghai nickel hits fresh three-year high

Nickel prices gained more than 2 percent to a 3-year high in Shanghai on Tuesday, and rose also in London as trading resumed after a UK public holiday on Monday. Long positions held by brokerages on the Shanghai Futures Exchange's (ShFE) July nickel contr

Published 30 May, 2018 12:00am

Nickel and zinc rise as Chinese steel prices recover

Rising steel prices in China helped to boost steelmaking ingredients zinc and nickel on Tuesday despite a stronger dollar making metals more expensive for buyers with other currencies. China is the world's biggest steel producer and a seasonal recovery in

Published 30 May, 2018 12:00am

Norway's oil exploration rises more than expected

Oil companies in Norway are raising their exploration spending more than expected, the head of the country's industry regulator told Reuters on Tuesday. Firms such as Equinor and other operators are now expected to drill around 45 exploration and appraisa

Published 30 May, 2018 12:00am

WTI falls on threat of Opec boost, funds quit crude

US crude futures fell more than $1 on Tuesday on worries that Saudi Arabia and Russia will pump more crude to boost supplies after more than a year of reducing worldwide inventories. US West Texas Intermediate (WTI) crude futures fell $1.15 to settle at $

Published 30 May, 2018 12:00am

Tokyo rubber springs back

Benchmark Tokyo rubber futures edged up from early losses on Tuesday, tracking gains in Shanghai rubber market, propped up by rising industrial commodity futures in China. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for rubber prices in S

Published 30 May, 2018 12:00am

Vegetable Oil

Rotterdam vegetable oil prices

The following were Tuesday's Rotterdam vegetable oil prices at 1600 GMT:

Published 30 May, 2018 12:00am

Vegetable Oil

Rotterdam vegetable oil prices

The following were Tuesday's Rotterdam vegetable oil prices at 1600 GMT:

Published 30 May, 2018 12:00am

De Beers sees sparkle in synthetic diamond jewellery

Anglo American unit De Beers is launching a company to sell laboratory-produced diamonds for jewellery in a departure from its century-old business model of promoting natural stones. Real diamonds created over thousands of years remain the priority, but D

Published 30 May, 2018 12:00am

Currency

New York cocoa falls to seven-week low

New York cocoa futures on ICE extended losses to reach a seven-week low on Tuesday, pressured by rising weekly arrival estimates at ports in top grower Ivory Coast, while coffee and sugar prices were little changed. July New York cocoa settled down $59, o

Published 30 May, 2018 12:00am

Gold slips in Asia

Gold prices slipped on Tuesday as a buoyant dollar continued to weigh on the market amid renewed hopes of a US- North Korea summit. Spot gold was 0.1 percent lower at $1,296.91 per ounce at 0730 GMT, while US gold futures for June delivery fell 0.6 percen

Published 30 May, 2018 12:00am

Currency

Gold steadies in European trade

Gold steadied on Tuesday as traders weighed a buoyant dollar against a deepening political crisis in Italy that provoked a second day of heavy selling on European financial markets. Italy's president set the country on a path to early elections on Monday,

Published 30 May, 2018 12:00am

US MIDDAY: soyabeans ,corn sag

US corn futures fell nearly 2 percent on Tuesday, with the front contract dropping below $4 a bushel as US trade tensions with China re-emerged, analysts said. Wheat turned lower after climbing to multi-month highs, and soyabeans also slipped. As of 1 pm

Published 30 May, 2018 12:00am

US MIDDAY: gold rises

Gold prices rose on Tuesday, but gains were limited as traders weighed a buoyant dollar against a deepening political crisis in Italy that provoked a second day of heavy selling on European financial markets. Italy's president set the country on a path to

Published 30 May, 2018 12:00am

Nepal's envoy for sanctity and glory of mountains

Pakistan being the house of the world's tallest mountains requires additional efforts to protect, promote, and preserve the sanctity and glory of the mountains, which are vulnerable to negative consequences of the climate change, said Nepalese Ambassador

Published 30 May, 2018 12:00am

FBR in a fix over pursuing tax evasion case against cigarette firm

The Federal Board of Revenue (FBR) is facing a big challenge to pursue a tax evasion case against a Mardan based cigarette manufacturing company and seal the excess capacity cigarette manufacturing machines as per the law.

Published 30 May, 2018 12:00am

Accord signed: WB to provide $400 million for two projects

Economic Affairs Division has signed two Financing Agreements worth US$ 400 million with the World Bank. These include Punjab Cities Programme (US $ 200 million) and Punjab Green Development Programme (US$ 200 million). Syed Ghazanfar Abbas Jilani, Secret

Published 30 May, 2018 12:00am

CAA suspends bridge service to SAI

Pakistan Civil Aviation Authority (PCAA) has suspended its bridge service to Shaheen Air International (SAI) Ltd at Karachi, Lahore and Faisalabad airports over non-payment of around Rs 540 million dues. According to details, PCAA has stopped providing it

Published 30 May, 2018 12:00am

Parliament House duty: Non-payment of honoraria to ICT police irks NA sub-committee

A sub-committee of National Assembly Standing Committee on Government Assurance considered pending assurances related to Interior Division, particularly on payment of honoraria to employees of police and other security related agencies which had performed

Published 30 May, 2018 12:00am

Mutual Funds

Crescent Textile Mills Limited

Crescent Textile Mills Limited (PSX: CRTM) is one of the leading textile composites in Pakistan. Established in 1950 by Muhammad Shafi, the company managed to make a niche for itself in export markets of North America, Europe and Japan while also expandin

Updated 31 May, 2018 05:08am

Mutual Funds

Crescent Textile Mills Limited

Published 30 May, 2018 12:00am

Hazrat Ali's martyrdom day: Security arrangements reviewed

The Lahore district administration held a meeting here on Tuesday to review the security arrangements for a procession relating to Hazarat Ali's martyrdom day. Deputy Commissioner Lahore Sameer Ahmed Syed chaired the meeting which was also attended by lea

Published 30 May, 2018 12:00am

Teenager killed in crossfire between Dolphin Force, suspects

A teenage boy was killed in crossfire between Dolphin Force and some armed suspects in Lahore's Shadbagh area on Tuesday, officials said. Police said the 14-year-old Atif sustained a gunshot wound in the crossfire and died during his way to a hospital. Th

Published 30 May, 2018 12:00am

ACCA, Siemens officials discuss growth opportunities

ACCA Pakistan hosted the Siemens delegation and held a dialogue on "opportunities for growth" to drive the Emerging Pakistan agenda set in motion by the Ministry of Commerce, Government of Pakistan which includes a vast array of nation building activities

Published 30 May, 2018 12:00am

Shahbaz visits North Waziristan to show solidarity with army

Punjab Chief Minister Shahbaz Sharif visited Miranshah area of North Waziristan to show solidarity with the officers and jawans of Pakistan Army on Tuesday. Shahbaz visited Pak-Afghan border area as well as the 7th Division Headquarters where he was brief

Published 30 May, 2018 12:00am

44 drinking water projects completed in Kohat

As many as 44 drinking water projects have been completed to provide clean water to people in district Kohat. In this connection, a meeting was held in Additional Assistant Commissioner officer on Monday which was attended by all stakeholders. The meeting

Published 30 May, 2018 12:00am

Minister asks districts to remain alert during monsoon season

Provincial Minister for Planning and Development and Chairman Cabinet Committee on Floods Malik Nadeem Kamran has asked all the district administrations to remain fully vigilant and alert in the wake of any possible urban flooding during the Monsoon seaso

Published 30 May, 2018 12:00am

FPCCI urges government to set up cottage industry parks

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the government to establish cottage industry parks after every 300-kilometer to fully exploit the benefit of China-Pak Economic Corridor (CPRC) project. Chairman FPCCI Regional Sta

Published 30 May, 2018 12:00am

ICBA, KP-BoIT sign MoU to strengthen agriculture sector

The International Center for Biosaline Agriculture (ICBA) and the Khyber Pakhtunkhwa Board of Investment and Trade (KP-BoIT) joined hands to work together and strengthen cooperation in areas of common interest. The agreement was reached through a Memorand

Published 30 May, 2018 12:00am

Cotton

Climate Change Centre set up at AARI

The Punjab Agriculture Department has established "Climate Change Centre" at Ayub Agriculture Research Institute, Faisalabad to accurately determine effect of climate change on agriculture crops. This was stated by the Director General Agriculture (Resear

Published 30 May, 2018 12:00am

LCCI opposes raise in POL prices

The Lahore Chamber of Commerce & Industry has feared of dire economic consequences if government increases the prices of petroleum products that are already high and pinching the trade & industry. LCCI President Malik Tahir Javaid said that increase in pe

Published 30 May, 2018 12:00am

Two factories sealed for preparing substandard fruit base

The Punjab Food Authority (PFA) on Tuesday sealed two factories on the charges of preparing substandard fruit base and flavor for producing different beverages and juices. PFA Director General Noorul-Amin Mengal informed the media persons that the raiding

Published 30 May, 2018 12:00am

Smuggled goods worth Rs 120 million seized

The Anti-Smuggling Organization (ASO) Preventive Lahore has seized a large quantity of smuggled air conditioners in another enforcement activity. Sources said the information was received through Collector MCC (Preventive) Lahore Faiz Ahmad regarding move

Published 30 May, 2018 12:00am

Fertilizer industry: Miftah asks Finance secy to release Rs 4.74 billion as urea subsidy

Federal Finance Minister Dr Miftah Ismaeel has reportedly directed the secretary Finance to release the latest requisition of Rs 4.74 billion to the fertilizer industry under the head of subsidy on urea. The direction was issued in a recent high-level mee

Published 30 May, 2018 12:00am

Higher judiciary poses headache for PML-N ahead of polls?

Visibly annoyed, Pakistan's Chief Justice Saqib Nisar picks up a dirty steel bowl, displays it to a barrage of TV cameras, slams it against a rack, and shouts: "You serve food in it?" The outburst was captured during a recent visit to inspect patients and

Published 30 May, 2018 12:00am

Faizabad sit-in: 418 protesters held and 27 cases registered

State Minister for Interior Talal Chaudhry on Tuesday said that a total of 418 protesters were arrested while 27 cases, including 12 cases under the Anti-Terrorism Act, were registered against the participants of the Faizabad sit-in.

Published 30 May, 2018 12:00am

Sikh activist shot dead

Minorities and social activist Charanjeet Singh was shot dead in the jurisdiction of Inqilab police station said police on Tuesday. Charanjeet Singh was sitting at his shop in Scheme Chowk when unknown assailants opened firing at him and killed him on the

Published 30 May, 2018 12:00am

Acid throwing cases: SC dismayed over Sindh government's failure to make law

The Supreme Court on Tuesday expressed dismay over the Sindh government for not having law to try acid throwing cases in an Anti-Terrorism Court (ATC). Justice Faisal Arab said they could not transfer the case in ATC as the Sindh government has not made l

Published 30 May, 2018 12:00am

PHMA urges government to clear all ST refunds before May 31

The Pakistan Hosiery Manufacturers and Exporters Association (PHMA) chairman Dr Khurram Anwar Khawaja demanded that government should clear all the verified sales tax refunds of exporters (under the PM Package) before the end of its tenure as the shifting

Published 30 May, 2018 12:00am

Undisclosed party deals: SECP takes action against textile unit

The Securities and Exchange Commission of Pakistan (SECP) has taken notice of the undisclosed related party transactions of a textile mill with the companies having its shareholdings and warned directors of the company to remain careful in future. Accordi

Published 30 May, 2018 12:00am

Cotton

First-ever national food security policy launched

The Ministry of National Food Security and Research Tuesday launched the first ever National Food Security Policy (NFSP) aimed at alleviating poverty, eradicating hunger and promoting sustainable food production systems (crop, livestock and fisheries) by

Published 30 May, 2018 12:00am

Pasrur Vocational Centre : over 300 awarded certificates

The graduation ceremony of more than 300 female students was held at the Pasrur Vocational Training Centre, which is a part of a Coca-Cola funded project 'Women Economic Empowerment Program' in partnership with Kashf Foundation. Since 2017, five community

Published 30 May, 2018 12:00am

Partly Facetious: Durrani-Dulat adventure

"Nawaz Sharif our de facto prime minister has justifiably heaped his anger and scorn on the military establishment for not summoning Asad Durrani, former though not de facto head of the ISI, for writing a book with his counterpart in India, which has made

Published 30 May, 2018 12:00am

OPD services suspended against arrest of doctor

The management of Hilal-e-Ahmar Charitable General Hospital suspended the OPD services of its general and cardiac hospitals on Tuesday in protest against the arrest of a doctor by the police.

Published 30 May, 2018 12:00am

SECMC establishes Sindh's largest nursery in Thar

With an aim to contribute towards combating desertification in Thar and reduce carbon footprint and achieve the target to plant one million trees, Sindh Engro Coal Mining Company (SECMC) has established Sindh's largest nursery in the private sector which

Published 30 May, 2018 12:00am

PBIF urges government to help increase exports

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said that the imbalance between current account and trade deficit leads to acquire more loans, which should be countered by increased tax net rather than tax on the exis

Published 30 May, 2018 12:00am

Ex-KWSB MD, two others arrested in land scam

National Accountability Bureau (NAB), Karachi on Tuesday claimed to have arrested three persons including former Managing Director of Karachi Water and Sewerage Board Brig Iftikhar Haider (retd) in a land scam. The NAB Karachi, in a series of raids conduc

Published 30 May, 2018 12:00am

Another spell of heatwave forecast for Karachi

Mercury touched 50 degrees Celsius in Moen-Jo-Daro, as Met Office on Tuesday forecast another heat waves spell for Karachi during the next 2 days. Hot weather simmered Shaheed Benazirabad, Larkana, Dadu, Jacobabad, Lasbella, Zhob, Sibbi and Bahawalnagar 4

Published 30 May, 2018 12:00am

Qadir Magsi to contest election against Zardari

The Chief of Sindh Taraqi Pasand Party Dr Qadir Magsi has announced to contest election on NA-213 Nawabshah against Co-chairperson Pakistan People Party Asif Ali Zardari in the general elections 2018. Addressing a Press conference here at Hyderabad Press

Published 30 May, 2018 12:00am

PKLI&RC surgeons successfully perform first kidney transplant

Pakistan Kidney and Liver Institute and Research Center's highly trained Surgeons successfully performed the first kidney transplant in the hospital on May 29, 2018. A teacher by profession, the patient is from Qila Didar Singh, Gujranwala District. He wa

Published 30 May, 2018 12:00am

Naqeeb's father seeks SHC order against Rao Anwar's home as sub jail

Father of Naqeebullah Mehsud Tuesday filed a petition in Sindh High Court (SHC) against the Sindh government's notification to declare former SSP Malir Rao Anwar's home as sub-jail and sought cancellation of said notification. Rao Anwar is accused of extr

Published 30 May, 2018 12:00am

Agreement signed: Balochistan to receive artificial rain

The provincial government signed an agreement to overcome falling level of underground water due to long drought and less rain in Balochistan. The provincial cabinet meeting held here on Tuesday was briefed about this agreement made with foreign company,

Published 30 May, 2018 12:00am

OPC Punjab helps expat to get plot

A Belgium based Overseas Pakistani has succeeded in getting possession of plot worth Rs 9 Million, due to the efforts of Overseas Pakistanis Commission (OPC) Punjab.

Published 30 May, 2018 12:00am

ANF seizes 1.557 tons of drugs worth Rs 1.11 billion

Anti Narcotics Force Pakistan seized 1.557 Tons narcotics valuing Rs 1.11 billion internationally, arrested 33 persons involved in drug smuggling and impounded 7 vehicles in 22 counter-narcotics strikes across the country in a week. According to ANF spoke

Published 30 May, 2018 12:00am

CAL and AKD Securities sign MoU

Capital Alliance (CAL) has signed an MoU with AKD Securities Limited in Pakistan and Lanka Bangla Securities Limited in Bangladesh with the objective of providing investors with a single investment platform via which they can access South Asia's leading f

Published 30 May, 2018 12:00am

PMSA team visits Indian Coast Guard HQs at New Delhi

A Pakistan Maritime Security Agency's (PMSA) team headed by its Director General Rear Admiral Zaka-ur-Rehman visited Indian Coast Guard (ICG) Headquarters at New Delhi and met with Director General ICG Rajendra Singh.

Published 30 May, 2018 12:00am

CM Balochistan reviews performance of different departments

Performance meeting of different departments held on Tuesday under the chair of Chief Minister Balochistan Abdul Quddus Bizenjo, where education, health, ongoing city beautification and drinking water projects were reviewed. Addressing the meeting, the ch

Published 30 May, 2018 12:00am

Dewan Motors recognized for its achievement by BMW Group

BMW Group Middle East recently celebrated the successful completion of 2017 at the BMW Presidents Circle in Japan. Positive achievements of the eleven importers within the region were recognized at the presentation and Dewan Motors was attributed for the

Published 30 May, 2018 12:00am

'Five small dams constructed in KP'

The provincial government of Khyber Pakhtunkhwa has constructed five small dams at the cost of Rs 2291.55 million to irrigate over 10,000 agriculture land and benefit thousands of people in various parts of the province, said a recently published KP Econo

Published 30 May, 2018 12:00am

Endangered giant sawfish traded

A 15-feet long giant female large-tooth dead sawfish as trapped somewhere around Turchan and Khajar Creek last weekend and subsequently traded, the WWF-Pakistan said on Tuesday. Sawfish species is one of the rarest groups of marine animals, whose populati

Published 30 May, 2018 12:00am

Government accused of diluting proposed tobacco health warnings

Philip Morris International Inc and British American Tobacco Plc have been accused of lobbying the government to not implement bigger health warnings on cigarette packs by international news agency Reuters, in what officials say was part of an industry-wi

Published 30 May, 2018 12:00am

PML-N leader appears before NAB

Former chairman Lahore Parking Company and the PML-N leader Hafiz Mian Nouman Tuesday appeared before the NAB team here at its regional office to record his statement in an inquiry pertaining to Punjab Companies scam. Hafiz Mian Nouman remained at the NAB

Published 30 May, 2018 12:00am

IGP urges business community to own Karachi, police department

Inspector General Sindh Police A D Khwaja on Tuesday urged the business community to take the ownership of Karachi as well as police department saying that durable peace is imperative for producing maximum commercial activities in the port city.

Published 30 May, 2018 12:00am

MMA's parliamentary board for awarding tickets to aspirants

Mutahida Majlis-e-Amal (MMA), a religious political alliance of five political parties Tuesday announced the constitution of parliamentary board for awarding tickets to aspiring candidates for general elections 2018 from its platform. According to a press

Published 30 May, 2018 12:00am

PTI's support to Nasir Khosa puzzles all and sundry

The nomination of Nasir Saeed Khan Khosa - a close aide of former prime minister Nawaz Sharirf - as caretaker chief minister Punjab has surprised many as why Pakistan Tehreek-e-Insaf (PTI), the major opposition party in the province, floated his name for

Published 30 May, 2018 12:00am

Paragon City: Interim bail of executive director extended

The Lahore High Court proceedings with the matter of Paragon City Executive Director Ali Sajjad Bhutta extended his interim bail till June 11. The petitioner said he served as GM Finance with Paragon City in 2006 and also worked with CASA developers for s

Published 30 May, 2018 12:00am

KE drive against kunda system

K-Electric conducted a kunda-removal drive in Babar Market, Landhi to curb power theft. During the drive around 10 illegal commercial connections confiscated over 240 meters of cable in Babar Market. It is pertinent to note that the drive was conducted wi

Published 30 May, 2018 12:00am

Pakistan envoy to US: PTI makes 'last ditch' effort

In a 'last ditch' effort to cancel appointment of Ali Jehangir Siddiqui as ambassador to the US, Pakistan Tehreek-e-Insaf (PTI) on Tuesday wrote a letter to recently nominated caretaker Prime Minister Nasirul Mulk and chief election commissioner of Pakist

Published 30 May, 2018 12:00am

Noor Investment divests 3 million shares of Meezan Bank

Noor Financial Investment Company has sold some 3.026 million shares in Meezan Bank to foreign buyers.

Published 30 May, 2018 12:00am

Noor Investment divests 3 million shares of Meezan Bank

Noor Financial Investment Company has sold some 3.026 million shares in Meezan Bank to foreign buyers.

Published 30 May, 2018 12:00am

Tax administration: Last TRIC-FBR meeting resolves to continue with reforms

The last meeting of the Tax Reform Implementation Committee (TRIC) and the Federal Board of Revenue (FBR), during the present tenure of PML-N government, resolved to continue with the implementation of the short-term and long-term reforms in tax administr

Published 30 May, 2018 12:00am

PTV receivables surge to Rs 5317.181 million: Senate body informed

Senate Standing Committee on Information, Broadcasting, National History and Literary Heritage was told on Tuesday that the problems of the state-run TV channel will be resolved if the receivable amount, worth Rs 5317.181 million, is paid to the channel.

Published 30 May, 2018 12:00am

Simon named HM Trade Commissioner for Pakistan, Afghanistan, ME

International Trade Secretary Dr Liam Fox MP has appointed banker Simon Penney as new HM Trade Commissioner for Pakistan, Afghanistan and the Middle East. He will oversee trade promotion and investment while raising the profile of the region in the UK and

Published 30 May, 2018 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate

Stock	Volume

Item	Value
Petrol/Litre / Jan 1	259.10
Karachi Cotton PKR/37.32 KG / Jan 1	18,535

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 14 786 Investments Limited(786)	6.49 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 14 Al-Abbas Sugar Mills Limited(AABS)	599.28 ▼ 0.00 (0.00%)
Agro Allianz / Nov 14 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 14 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 14 Ali Asghar Textile Mills Limited(AATM)	62.51 ▼ 0.00 (0.00%)
Allied Bank / Nov 14 Allied Bank Limited(ABL)	114.80 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 14 Abbott Laboratories (Pakistan) Limited(ABOT)	1,019.78 ▼ 0.00 (0.00%)
Abson Ind. / Nov 14 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 14 Alfalah Consumer Index ETF.(ACIETF)	12.25 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 14 786 Investments Limited(786)	6.49 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 14 Al-Abbas Sugar Mills Limited(AABS)	599.28 ▲ 0.00 (0.00%)
Agro Allianz / Nov 14 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 14 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 14 Ali Asghar Textile Mills Limited(AATM)	62.51 ▲ 0.00 (0.00%)
Allied Bank / Nov 14 Allied Bank Limited(ABL)	114.80 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 14 Abbott Laboratories (Pakistan) Limited(ABOT)	1,019.78 ▲ 0.00 (0.00%)
Abson Ind. / Nov 14 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 14 Alfalah Consumer Index ETF.(ACIETF)	12.25 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 14 Worldcall Telecom Limited(WTL)	43,291,848 ▲ 0.00
Waves Home Appliances / Nov 14 Waves Home Appliances Limited(WAVESAPP)	33,201,636 ▲ 0.00
Pak Refinery / Nov 14 Pakistan Refinery Limited(PRL)	31,524,926 ▲ 0.00
K-Electric Ltd. / Nov 14 K-Electric Limited(KEL)	27,455,465 ▲ 0.00
Pak Elektron / Nov 14 Pak Elektron Limited(PAEL)	26,996,630 ▲ 0.00
Sui South Gas / Nov 14 Sui Southern Gas Company Limited(SSGC)	26,013,918 ▲ 0.00
The Searle Co. / Nov 14 The Searle Company Limited(SEARL)	25,704,933 ▲ 0.00
Pak Int.Bulk / Nov 14 Pakistan International Bulk Terminal(PIBTL)	23,694,836 ▲ 0.00
Secure Logistics / Nov 14 Secure Logistics Group Limited(SLGL)	23,623,241 ▲ 0.00

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