News Archives for Print - 2018-07-09 - Business Recorder

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Print - 2018-07-09

Insurers predict 'market disruption' after Trump suspends Obamacare risk payments

Insurers predict 'market disruption' after Trump suspends Obamacare risk payments

Health insurers warn that a move by the Trump administration on Saturday to temporarily suspend a program that was set to pay out $10.4 billion to insurers for covering high-risk individuals last year could drive up premium costs and create marketplace un

Published 09 Jul, 2018 12:00am

Air pollution may account for 3.2 million new cases of diabetes every year globally

Air pollution may account for 3.2 million new cases of diabetes every year globally

Air pollution could be responsible for 3.2 million new cases of type 2 diabetes every year globally, suggests a new analysis. "We estimate that about 14 percent of diabetes in the world occurs because of higher levels of air pollution, that's one in seven

Published 09 Jul, 2018 12:00am

Minor stroke needs quick medical attention

Minor stroke needs quick medical attention

Minor strokes and "mini-strokes," or transient ischemic attacks (TIAs), need early medical attention, just like major strokes, but a public education campaign in the UK had little success convincing the public to act fast after these events.

Published 09 Jul, 2018 12:00am

Nuts may boost male fertility: study

Nuts may boost male fertility: study

Eating nuts "significantly" boosted the number and health of sperm in young men in a scientific trial, researchers said on Wednesday. The findings "support a beneficial role for chronic nut consumption in sperm quality," they said, but stressed the study

Published 09 Jul, 2018 12:00am

Beware of scientific studies - most are wrong, researcher warns

Beware of scientific studies - most are wrong, researcher warns

A few years ago, two researchers took the 50 most-used ingredients in a cook book and studied how many had been linked with a cancer risk or benefit, based on a variety of studies published in scientific journals.

Published 09 Jul, 2018 12:00am

Seven percent of Australia's reptiles 'risk extinction'

Seven percent of Australia's reptiles 'risk extinction'

Australia's reptiles, including lizards and snakes, are facing growing threats from invasive species and climate change, with seven percent on the verge of extinction, conservationists said Thursday. In an update to its "Red List" of threatened species, t

Published 09 Jul, 2018 12:00am

Carrefour and Tesco up stakes with new purchasing alliance

Carrefour and Tesco up stakes with new purchasing alliance

Europe's largest supermarket groups Carrefour and Tesco have agreed to form a global purchasing alliance to demand better terms from major suppliers in the latest attempt by the industry to drive down costs. With combined annual sales of $170 billion, the

Published 09 Jul, 2018 12:00am

Airbus CEO expects to see results from CSeries deal in time for Farnborough

Airbus CEO expects to see results from CSeries deal in time for Farnborough

Airbus Chief Executive Tom Enders said on Wednesday he expects to see the first results of the company's new majority stake in Bombardier's CSeries jetliner program within weeks, around the time of the Farnborough Air Show later this month.

Published 09 Jul, 2018 12:00am

Boeing to buy control of Embraer's $4.75 billion commercial jet unit

Boeing to buy control of Embraer's $4.75 billion commercial jet unit

Boeing Co will buy a controlling stake in the commercial aircraft arm of Brazilian planemaker Embraer SA under a new $4.75-billion joint venture, the companies said on Thursday, cementing a global passenger jet duopoly. The new company, encompassing Embra

Published 09 Jul, 2018 12:00am

ZTE Corp names c-suite executives in step towards US ban lift

ZTE Corp names c-suite executives in step towards US ban lift

ZTE Corp has appointed a new team of top executives including a CEO to comply with a deal it made with the United States to end a ban on US firms supplying parts to China's second-biggest telecommunications equipment maker. ZTE, in an exchange filing on T

Published 09 Jul, 2018 12:00am

Petrobras suspends major asset sales on court decision

Petrobras suspends major asset sales on court decision

State-run Brazilian oil company Petroleo Brasileiro SA (Petrobras) said on Tuesday it was suspending some asset sales after a Supreme Court justice ruled that privatizations must be approved by Congress. While considering which legal actions to take, Petr

Published 09 Jul, 2018 12:00am

Honda's China vehicle sales drop

Honda's China vehicle sales drop

Honda Motor Co's China vehicle sales fell 6 percent in June from a year earlier to 107,985 units as the company continues to reel under the impact of a quality issue earlier this year. Sales fell for a fifth straight month in June, the Tokyo-based carmake

Published 09 Jul, 2018 12:00am

How much all-seeing AI surveillance is too much?

How much all-seeing AI surveillance is too much?

When a CIA-backed venture capital fund took an interest in Rana el Kaliouby's face-scanning technology for detecting emotions, the computer scientist and her colleagues did some soul-searching and then turned down the money.

Published 09 Jul, 2018 12:00am

'Innovative next-generation Lithium-ion technology to triumph in future battery market'

'Innovative next-generation Lithium-ion technology to triumph in future battery market'

Arthur D Little (ADL) Tuesday released a new study, 'Future of batteries: Winner takes all' Based on extensive market analysis, the report examines the current enormous level of activity in the sector, which has seen existing and new players invest over $

Published 09 Jul, 2018 12:00am

'Nine of World's top 12 smart phone manufacturers are Chinese'

'Nine of World's top 12 smart phone manufacturers are Chinese'

By the end of 2017, China was home to nine of the world's top 12 smart phone manufacturers, according to research by IC Insights, a leading semiconductor market research company in the US. The research shows that the country's phone maker Huawei ranked th

Published 09 Jul, 2018 12:00am

Serie A to use 3D technology to help VAR on offside rulings

Serie A to use 3D technology to help VAR on offside rulings

Serie A will use 3D technology from next season to make video review more effective on offside rulings. The introduction of Video Assistant Referees in the Italian top flight last season has reduced the number of errors, and additional technology should i

Published 09 Jul, 2018 12:00am

Facebook bug unblocks unwanted connections for a bit

Facebook bug unblocks unwanted connections for a bit

Facebook on July 3 said it is notifying more than 800,000 users that a software bug temporarily unblocked people at the social network and its Messenger service. The glitch active between May 29 and June 5 has been fixed, according to Facebook, which has

Published 09 Jul, 2018 12:00am

FTF News Technology Innovation Awards: Murex wins software solution of the year

FTF News Technology Innovation Awards: Murex wins software solution of the year

Murex, an industry leader in trading, risk management and processing solutions for capital markets, has been recognized as the Software Solution of the Year in the 2018 FTF News Technology Innovation Awards. From a competitive group of top technology vend

Published 09 Jul, 2018 12:00am

Attendance at GSMA Mobile World Congress Shanghai tops 60,000 visitors

Attendance at GSMA Mobile World Congress Shanghai tops 60,000 visitors

The GSMA Monday reported that more than 60,000 unique visitors 1 from 112 countries and territories attended the 2018 GSMA Mobile World Congress Shanghai, held 27-29 June in Shanghai. The three-day event attracted executives from the largest and most infl

Published 09 Jul, 2018 12:00am

Zaman leads Pakistan to T20 tri-series title with win over Australia

Zaman leads Pakistan to T20 tri-series title with win over Australia

Pakistan captain Sarfraz Ahmed said Fakhar Zaman was in the "best form of his life" after the opener cracked a career-best 91 to help set up Pakistan's six-wicket win over Australia in the final of the Twenty20 tri-series at Harare Sports Club on Sunday.

Published 09 Jul, 2018 12:00am

Zaman leads Pakistan to T20 tri-series title with win over Australia

Zaman leads Pakistan to T20 tri-series title with win over Australia

Pakistan captain Sarfraz Ahmed said Fakhar Zaman was in the "best form of his life" after the opener cracked a career-best 91 to help set up Pakistan's six-wicket win over Australia in the final of the Twenty20 tri-series at Harare Sports Club on Sunday.

Published 09 Jul, 2018 12:00am

Vettel wins, Hamilton second at Silverstone

Vettel wins, Hamilton second at Silverstone

Sebastian Vettel won the British Grand Prix for Ferrari on Sunday to deny Lewis Hamilton a fifth successive home victory and move eight points clear at the top of the Formula One standings In a race with two late safety car periods, reigning champion Hami

Published 09 Jul, 2018 12:00am

India edge England in T20 finale

India edge England in T20 finale

Rohit Sharma backed up the heroics of pace bowler Hardik Pandya by hitting 100 not out as India clinched the T20 international series at Bristol. Sharma became only the second Indian to pass 2,000 runs in this format as India chased down their target of 1

Published 09 Jul, 2018 12:00am

Sagan avoids pile up to clinch second stage, take lead

Sagan avoids pile up to clinch second stage, take lead

World champion Peter Sagan won stage two and took the overall leader's yellow jersey on the Tour de France on Sunday after edging Sonny Colbrelli in a reduced sprint finish after a late crash in the peloton.

Published 09 Jul, 2018 12:00am

Rustum, Zeeshan win Arm Wrestling titles

Rustum, Zeeshan win Arm Wrestling titles

Rustum Khan and Muhammad Zeeshan claimed the titles of the Arm Wrestling Championship organized by Asian Gym at its premises here on Sunday. Former Mr. Khyber Pakhtunkhwa Saeed Ur Rehman Yousafzai supervised the contests for the first time in Khyber Pakht

Published 09 Jul, 2018 12:00am

'Scapegoat' Ozil should quit German team, says father

'Scapegoat' Ozil should quit German team, says father

Mesut Ozil's father said Sunday his son should quit Germany's national squad after he was made a "scapegoat" for their shock first-round defeat at the World Cup. Ozil, 29, has come in for sharp criticism in Germany after the holders crashed out in Russia,

Published 09 Jul, 2018 12:00am

Croatia beat Russia on penalties to reach World Cup semi-finals

Croatia beat Russia on penalties to reach World Cup semi-finals

Ivan Rakitic scored the winning penalty as Croatia beat Russia 4-3 in a shoot-out after a dramatic 2-2 draw on Saturday to end the World Cup hopes of the host nation and advance to a semi-final against England. Brazilian-born Mario Fernandes had kept Russ

Published 09 Jul, 2018 12:00am

Momota claims second Indonesia Open badminton title

Momota claims second Indonesia Open badminton title

Japanese shuttler Kento Momota claimed his second Indonesia Open badminton title Sunday after defeating first-seeded Viktor Axelsen of Denmark in the tournament's men's singles final. The 23-year-old started the men's singles match with a convincing lead

Published 09 Jul, 2018 12:00am

Djokovic blasts 'whistling, coughing' Wimbledon crowd

Djokovic blasts 'whistling, coughing' Wimbledon crowd

Novak Djokovic blasted Wimbledon's Centre Court crowd on Saturday, claiming fans "whistled and coughed" as he prepared to serve, insisting he deserves better treatment. The three-time champion described the sometimes febrile atmosphere on the famed arena

Published 09 Jul, 2018 12:00am

Wall Street week ahead: investors to tune in for trade impact this profit season

Wall Street week ahead: investors to tune in for trade impact this profit season

With the United States and China finally formalizing tit-for-tat import tariffs, Wall Street is gearing up to dissect US corporate earnings in the coming weeks for signs of a trade war impact and whether it will affect spending plans.

Published 09 Jul, 2018 12:00am

Canadian dollar seen higher but trade uncertainty to crimp gains

Currency

Canadian dollar seen higher but trade uncertainty to crimp gains

Canada's dollar will climb over the coming year, a Reuters poll showed, but forecasters are less bullish than they were a month ago as escalating trade uncertainty competes with expected Bank of Canada interest rate hikes. The poll of more than 40 foreign

Published 09 Jul, 2018 12:00am

For markets, 2018 mid-year looks more like tipping point

Currency

For markets, 2018 mid-year looks more like tipping point

The halfway point of the year is when investors take stock, reassess their positions, and decide where to put their money for the next six months. This year, it could be a tipping point. Emerging markets are under heavy and mounting pressure, credit marke

Published 09 Jul, 2018 12:00am

For markets, 2018 mid-year looks more like tipping point

Currency

For markets, 2018 mid-year looks more like tipping point

The halfway point of the year is when investors take stock, reassess their positions, and decide where to put their money for the next six months. This year, it could be a tipping point. Emerging markets are under heavy and mounting pressure, credit marke

Published 09 Jul, 2018 12:00am

China's money rates fall on ample liquidity

China's money rates fall on ample liquidity

China's primary money rates fell over the course of the week on high liquidity, as quarter-end cash demand faded and as a reduction in banks' reserve requirement ratio (RRR) came into effect on Thursday. The volume-weighted average rate of the benchmark s

Published 09 Jul, 2018 12:00am

China to simplify Panda bond rules

China to simplify Panda bond rules

China will soon introduce clear guidelines for Panda bonds, a senior central bank official said Tuesday, in a move to boost the use of the yuan asset and encourage greater foreign participation in the country's bond market. Pan Gongsheng, deputy governor

Published 09 Jul, 2018 12:00am

China to simplify Panda bond rules

China to simplify Panda bond rules

China will soon introduce clear guidelines for Panda bonds, a senior central bank official said Tuesday, in a move to boost the use of the yuan asset and encourage greater foreign participation in the country's bond market. Pan Gongsheng, deputy governor

Published 09 Jul, 2018 12:00am

Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 83.75-83.75 (Previous 83.70-83.75).

Published 09 Jul, 2018 12:00am

Dollar's allure to last a little longer but fade next year

Currency

Dollar's allure to last a little longer but fade next year

The US dollar's recent resurgence will last another three months, and possibly up to six, but its dominance will fade next year, a Reuters poll of currency strategists showed. With a brightening economic backdrop outside the United States and an expected

Published 09 Jul, 2018 12:00am

Saudi's Almarai up despite weak results as Gulf markets post gains

Saudi's Almarai up despite weak results as Gulf markets post gains

Gulf stock markets were up on Sunday, reflecting gains in world stocks last week after the threat of tariffs by the United States and China on billions of dollars of trade became a reality. The Saudi index gained 0.6 percent, with shares in retailer Fawaz

Published 09 Jul, 2018 12:00am

UK funds cut equities to three-month lows amid trade turbulence

Currency

UK funds cut equities to three-month lows amid trade turbulence

British investors cut their equity holdings to three-month lows in June and reduced their emerging-market exposure as the US turned up the heat on its simmering trade war, but fund managers still expect world stocks to end the year higher.

Published 09 Jul, 2018 12:00am

UK funds cut equities to three-month lows amid trade turbulence

Currency

UK funds cut equities to three-month lows amid trade turbulence

British investors cut their equity holdings to three-month lows in June and reduced their emerging-market exposure as the US turned up the heat on its simmering trade war, but fund managers still expect world stocks to end the year higher.

Published 09 Jul, 2018 12:00am

Moscow Exchange says foreigners' market share back near pre-crisis levels

Moscow Exchange says foreigners' market share back near pre-crisis levels

Foreigners have almost restored their share on Russia's stock market to levels seen before their mass exodus in 2014, the year when relations between Moscow and the West worsened markedly, head of Moscow Exchange said on Thursday.

Published 09 Jul, 2018 12:00am

Ethiopia, Eritrea to normalise relations after historic meeting

Ethiopia, Eritrea to normalise relations after historic meeting

Ethiopia's Prime Minister Abiy Ahmed said his country would normalise relations with neighbouring Eritrea following an historic meeting with President Isaias Afwerki in Asmara on Sunday, aimed at ending decades of diplomatic and armed strife.

Published 09 Jul, 2018 12:00am

France cuts off National Rally cash over EU funding probe

France cuts off National Rally cash over EU funding probe

France's far-right National Rally said Sunday that its future was in doubt after judges withheld two million euros in public subsidies over allegations the party illegally took millions in European Parliament funding.

Published 09 Jul, 2018 12:00am

Pompeo brushes off North Korea 'gangster' tag, says sanctions to stay

Pompeo brushes off North Korea 'gangster' tag, says sanctions to stay

US Secretary of State Mike Pompeo on Sunday shrugged off North Korean accusations of "gangster-like" behaviour and said sanctions on Pyongyang would only be lifted with "final" denuclearisation. Speaking in Tokyo after two days of intense discussions in P

Published 09 Jul, 2018 12:00am

Iran threatens to retaliate after Dutch expel two diplomats

Iran threatens to retaliate after Dutch expel two diplomats

Iran protested on Sunday against the Netherlands' expulsion of two of its diplomats and threatened to retaliate for the "unfriendly and destructive move". A spokesman for the Dutch intelligence service AIVD told AFP on Friday that two employees of Iran's

Published 09 Jul, 2018 12:00am

Nepal war crime laws risk sparing worst offenders: rights groups

Nepal war crime laws risk sparing worst offenders: rights groups

Nepal's legal efforts to deliver justice to victims of its bloody civil war do not meet international standards and risk letting the worst offenders go unpunished, rights groups warned Sunday.

Published 09 Jul, 2018 12:00am

Trump lawyer blasts Russia probe as 'most corrupt' ever

Trump lawyer blasts Russia probe as 'most corrupt' ever

A lawyer for US President Donald Trump on Sunday sharpened his attacks on the special counsel inquiry into possible Trump campaign collusion with Russia, calling it "the most corrupt investigation that I've ever seen."

Published 09 Jul, 2018 12:00am

Some heat relief forecast as California fires rage

Some heat relief forecast as California fires rage

California firefighters battling several wildfires that have destroyed dozens of structures and forced thousands of residents to evacuate will get some relief as temperatures cool from scorching levels later this week, the National Weather Service said.

Published 09 Jul, 2018 12:00am

Trump faces 'carnival of protest' on trip to Britain

Trump faces 'carnival of protest' on trip to Britain

A barrage of nationwide protests will greet US President Donald Trump's four-day trip to Britain from Thursday, with organisers hoping to stage one of the country's biggest demonstrations in decades following a series of diplomatic spats.

Published 09 Jul, 2018 12:00am

Aaj TV - Monday's schedule

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 09 Jul, 2018 12:00am

Your rupee last week

Currency

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (July 3 to 6, 2018).

Published 09 Jul, 2018 12:00am

Returns on Profit and Loss Sharing Investment Bank Accounts (JULY TO DECEMBER 2017)

Returns on Profit and Loss Sharing Investment Bank Accounts (JULY TO DECEMBER 2017)

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

Published 09 Jul, 2018 12:00am

The Weather

The Weather

The weather report on Sunday (July 08, 2018) and the forecast for Monday (July 09, 2018).

Published 09 Jul, 2018 12:00am

THE RUPEE: slight changes

Currency

THE RUPEE: slight changes

The rupee, under the corrective measures by the State Bank of Pakistan (SBP), managed to hold present levels against the dollar during the week, ended on July 07, 2018.

Published 09 Jul, 2018 12:00am

THE RUPEE: slight changes

Currency

THE RUPEE: slight changes

The rupee, under the corrective measures by the State Bank of Pakistan (SBP), managed to hold present levels against the dollar during the week, ended on July 07, 2018.

Published 09 Jul, 2018 12:00am

Safdar finally surrenders

Safdar finally surrenders

A team of National Accountability Bureau (NAB) on Sunday finally arrested Captain Muhammad Safdar Awan (retd), the son-in-law of former Prime Minister Nawaz Sharif, from the Pakistan Muslim League-Nawaz office situated on Sixth Road in Rawalpindi.

Published 09 Jul, 2018 12:00am

Safdar finally surrenders

Safdar finally surrenders

A team of National Accountability Bureau (NAB) on Sunday finally arrested Captain Muhammad Safdar Awan (retd), the son-in-law of former Prime Minister Nawaz Sharif, from the Pakistan Muslim League-Nawaz office situated on Sixth Road in Rawalpindi.

Published 09 Jul, 2018 12:00am

Court decision against Nawaz not to affect election: minister

Court decision against Nawaz not to affect election: minister

Caretaker Federal Minister for Information, Broadcasting, National Heritage and Energy Syed Ali Zafar Sunday said the accountability court decision against former prime minister Muhammad Nawaz Sharif and Maryam Nawaz would not affect holding of the genera

Published 09 Jul, 2018 12:00am

Court decision against Nawaz not to affect election: minister

Court decision against Nawaz not to affect election: minister

Caretaker Federal Minister for Information, Broadcasting, National Heritage and Energy Syed Ali Zafar Sunday said the accountability court decision against former prime minister Muhammad Nawaz Sharif and Maryam Nawaz would not affect holding of the genera

Published 09 Jul, 2018 12:00am

SECP revokes licences of 264 'not-for-profit' cos

SECP revokes licences of 264 'not-for-profit' cos

The Securities and Exchange Commission of Pakistan (SECP) has revoked Licences of 264 'not-for-profit' companies under section 42(5) of the Companies Act 2017. Sources told Business Recorder that the SECP has issued a consolidated list of 'not-for-

Published 09 Jul, 2018 12:00am

SECP revokes licences of 264 'not-for-profit' cos

SECP revokes licences of 264 'not-for-profit' cos

The Securities and Exchange Commission of Pakistan (SECP) has revoked Licences of 264 'not-for-profit' companies under section 42(5) of the Companies Act 2017. Sources told Business Recorder that the SECP has issued a consolidated list of 'not-for-

Published 09 Jul, 2018 12:00am

SECP revokes licences of 264 ''not-for-profit'' cos

SECP revokes licences of 264 ''not-for-profit'' cos

The Securities and Exchange Commission of Pakistan (SECP) has revoked Licences of 264 ''not-for-profit'' companies under section 42(5) of the Companies Act 2017. Sources told Business Recorder that the SECP has issued a consolidated list of ''not-f

Published 09 Jul, 2018 12:00am

Guddu, Jamshoro Power stations: PSO urged to stop importing furnace oil

Guddu, Jamshoro Power stations: PSO urged to stop importing furnace oil

The Ministry of Energy (Power Division) has asked Pakistan State Oil (PSO) to stop further import of furnace oil for Guddu Power Station and Jamshoro Thermal Power Station as sufficient stocks of furnace oil and gas are available to run the plants, well i

Published 09 Jul, 2018 12:00am

Guddu, Jamshoro Power stations: PSO urged to stop importing furnace oil

Guddu, Jamshoro Power stations: PSO urged to stop importing furnace oil

The Ministry of Energy (Power Division) has asked Pakistan State Oil (PSO) to stop further import of furnace oil for Guddu Power Station and Jamshoro Thermal Power Station as sufficient stocks of furnace oil and gas are available to run the plants, well i

Published 09 Jul, 2018 12:00am

Guddu, Jamshoro Power stations: PSO urged to stop importing furnace oil

Guddu, Jamshoro Power stations: PSO urged to stop importing furnace oil

The Ministry of Energy (Power Division) has asked Pakistan State Oil (PSO) to stop further import of furnace oil for Guddu Power Station and Jamshoro Thermal Power Station as sufficient stocks of furnace oil and gas are available to run the plants, well i

Published 09 Jul, 2018 12:00am

EU has 'card to play' in trade war: IMF

EU has 'card to play' in trade war: IMF

The European Union has "a card to play" if it offers a united front in its response to the trade war pitting the United States against China, International Monetary Fund director Christine Lagarde said Saturday.

Published 09 Jul, 2018 12:00am

EU has 'card to play' in trade war: IMF

EU has 'card to play' in trade war: IMF

The European Union has "a card to play" if it offers a united front in its response to the trade war pitting the United States against China, International Monetary Fund director Christine Lagarde said Saturday.

Published 09 Jul, 2018 12:00am

EU has ''card to play'' in trade war: IMF

EU has ''card to play'' in trade war: IMF

The European Union has "a card to play" if it offers a united front in its response to the trade war pitting the United States against China, International Monetary Fund director Christine Lagarde said Saturday.

Published 09 Jul, 2018 12:00am

Equities remain under pressure

Equities remain under pressure

Pakistan Stock Exchange remained under pressure during the outgoing week ended on July 6, 2018 due to selling by both local and foreign investors. BRIndex100 lost 174.35 points on week-on-week basis to close at 4,295.21 points. Average daily trading volum

Published 09 Jul, 2018 12:00am

Equities remain under pressure

Equities remain under pressure

Pakistan Stock Exchange remained under pressure during the outgoing week ended on July 6, 2018 due to selling by both local and foreign investors. BRIndex100 lost 174.35 points on week-on-week basis to close at 4,295.21 points. Average daily trading volum

Published 09 Jul, 2018 12:00am

Equities remain under pressure

Equities remain under pressure

Pakistan Stock Exchange remained under pressure during the outgoing week ended on July 6, 2018 due to selling by both local and foreign investors. BRIndex100 lost 174.35 points on week-on-week basis to close at 4,295.21 points. Average daily trading volum

Published 09 Jul, 2018 12:00am

Futures spread down by 214 basis points

Futures spread down by 214 basis points

The futures spread declined by 214bps to 6.34 percent on the last day of outgoing week. Trading activities on the futures counter remained thin as average daily volumes decreased by 72.8 percent to 33.85 million shares. Average daily trading value decline

Published 09 Jul, 2018 12:00am

Futures spread down by 214 basis points

Futures spread down by 214 basis points

The futures spread declined by 214bps to 6.34 percent on the last day of outgoing week. Trading activities on the futures counter remained thin as average daily volumes decreased by 72.8 percent to 33.85 million shares. Average daily trading value decline

Published 09 Jul, 2018 12:00am

IMF bailout on the cards

Currency

IMF bailout on the cards

Pakistan's next government, to be chosen in a July 25 election, faces growing fears of a balance of payments crisis with speculation it will have to seek its second IMF bailout in five years, analysts say. The central bank is running down its foreign rese

Published 09 Jul, 2018 12:00am

IMF bailout on the cards

Currency

IMF bailout on the cards

Pakistan's next government, to be chosen in a July 25 election, faces growing fears of a balance of payments crisis with speculation it will have to seek its second IMF bailout in five years, analysts say. The central bank is running down its foreign rese

Published 09 Jul, 2018 12:00am

IMF bailout on the cards

Currency

IMF bailout on the cards

Pakistan''s next government, to be chosen in a July 25 election, faces growing fears of a balance of payments crisis with speculation it will have to seek its second IMF bailout in five years, analysts say. The central bank is running down its foreign res

Published 09 Jul, 2018 12:00am

Public Sector Development Programme: additional Rs 46 billion released by caretakers in June

Public Sector Development Programme: additional Rs 46 billion released by caretakers in June

An additional Rs 46 billion was released by the caretakers in June 2018 under Public Sector Development Programme (PSDP) while the Abbasi-led administration had left only Rs 8.3 billion for disbursement under PSDP till end of fiscal year on 30 June 2018.

Published 09 Jul, 2018 12:00am

Public Sector Development Programme: additional Rs 46 billion released by caretakers in June

Public Sector Development Programme: additional Rs 46 billion released by caretakers in June

An additional Rs 46 billion was released by the caretakers in June 2018 under Public Sector Development Programme (PSDP) while the Abbasi-led administration had left only Rs 8.3 billion for disbursement under PSDP till end of fiscal year on 30 June 2018.

Published 09 Jul, 2018 12:00am

Public Sector Development Programme: additional Rs 46 billion released by caretakers in June

Public Sector Development Programme: additional Rs 46 billion released by caretakers in June

An additional Rs 46 billion was released by the caretakers in June 2018 under Public Sector Development Programme (PSDP) while the Abbasi-led administration had left only Rs 8.3 billion for disbursement under PSDP till end of fiscal year on 30 June 2018.

Published 09 Jul, 2018 12:00am

Actual oil import price: SC for consultation with experts, chartered accountant

Actual oil import price: SC for consultation with experts, chartered accountant

Expressing apprehension on the mechanism of petroleum import the Supreme Court on Sunday directed the Attorney General for Pakistan to get in touch with the oil experts and the chartered accountant for the audit of true and actual oil import price. The ca

Published 09 Jul, 2018 12:00am

Actual oil import price: SC for consultation with experts, chartered accountant

Actual oil import price: SC for consultation with experts, chartered accountant

Expressing apprehension on the mechanism of petroleum import the Supreme Court on Sunday directed the Attorney General for Pakistan to get in touch with the oil experts and the chartered accountant for the audit of true and actual oil import price. The ca

Published 09 Jul, 2018 12:00am

Actual oil import price: SC for consultation with experts, chartered accountant

Actual oil import price: SC for consultation with experts, chartered accountant

Expressing apprehension on the mechanism of petroleum import the Supreme Court on Sunday directed the Attorney General for Pakistan to get in touch with the oil experts and the chartered accountant for the audit of true and actual oil import price. The ca

Published 09 Jul, 2018 12:00am

Ten killed, dozens injured in Turkey train derailment

Ten killed, dozens injured in Turkey train derailment

Ten people were killed and 73 injured on Sunday when a train packed with weekend passengers derailed in northwest Turkey, the health ministry said.

Published 09 Jul, 2018 12:00am

Ten killed, dozens injured in Turkey train derailment

Ten killed, dozens injured in Turkey train derailment

Ten people were killed and 73 injured on Sunday when a train packed with weekend passengers derailed in northwest Turkey, the health ministry said.

Published 09 Jul, 2018 12:00am

Four Thai boys saved from cave as rescue postponed

Four Thai boys saved from cave as rescue postponed

Four of 12 Thai schoolboys were rescued from a flooded cave on Sunday as divers launched a daring and dangerous mission to free the children and their soccer coach who have been trapped underground for more than two weeks, officials said.

Published 09 Jul, 2018 12:00am

Four Thai boys saved from cave as rescue postponed

Four Thai boys saved from cave as rescue postponed

Four of 12 Thai schoolboys were rescued from a flooded cave on Sunday as divers launched a daring and dangerous mission to free the children and their soccer coach who have been trapped underground for more than two weeks, officials said.

Published 09 Jul, 2018 12:00am

Elevated fiscal Imbalance

Elevated fiscal Imbalance

It is very depressing to know that fiscal deficit of the country is expected to be much larger than the target fixed for FY18. According to a news item in this newspaper, sources in the Finance Ministry have indicated that it would be an achievement if th

Published 09 Jul, 2018 12:00am

Rohingya people's plight

Rohingya people's plight

It has been more than a year since Myanmar's Rohingya Muslims started fleeing to the neighbouring Bangladesh to escape systematic persecution at the hands of their country's repressive regime. Yet there is no end in sight to their suffering. An estimated

Published 09 Jul, 2018 12:00am

Sanctity of data

Sanctity of data

The most ill-advised appointment by the Caretaker government with respect to the economy has been to transfer Tariq Mehmood Pasha as Secretary Ministry of Statistics effective 1 July 2018 - a man known for his loyalty to Ishaq Dar who had conferred on him

Published 09 Jul, 2018 12:00am

The Midsummer tidings

The Midsummer tidings

After the Arab Spring, is there going to be a Midsummer change? The political world is seeing some unprecedented happenings. Mahathir at the age of 92 makes a comeback and wins an election. More recently, Mexico sees what it has never seen in the last 70

Published 09 Jul, 2018 12:00am

EU migration policies seen building blocks for 'Fortress Europe'

EU migration policies seen building blocks for 'Fortress Europe'

Deals on migration agreed in the European Union and Germany may end up more about rhetoric than reality but they indicate a shift toward a "Fortress Europe" way of thinking that could pose the bloc's biggest existential threat yet.

Published 09 Jul, 2018 12:00am

Nawaz's prospects

Nawaz's prospects

A deeply embittered Nawaz Sharif has said that he's coming back from London. In other words, he has chose to fight back. But the question is whether or not he has committed a major blunder by overly relying on the support of his party workers. Most of the

Published 09 Jul, 2018 12:00am

SC orders heads of three banks be placed on ECL

SC orders heads of three banks be placed on ECL

The Supreme Court on Sunday summoned Hussain Lawai, Chairman Pakistan Stock Exchange (PSX), and others involved in money-laundering through fake accounts. The court directed the Federal Investigation Agency (FIA) to produce the Chief Executive Officers (C

Published 09 Jul, 2018 12:00am

Largest passenger airplane lands at new Islamabad airport

Largest passenger airplane lands at new Islamabad airport

The Emirates A380 touched down in Islamabad here on Sunday for a historic one-off service to Islamabad International Airport. This was the first time ever that the iconic double-decker aircraft has landed in Pakistan. The landing demonstrated the airport'

Published 09 Jul, 2018 12:00am

Workshop on 'Hajj and Diabetes' held at LGH

Workshop on 'Hajj and Diabetes' held at LGH

Principal Post Graduate Medical Institute Prof. Agha Shabeer Ali has called upon the doctors' community to provide proper counseling to the patients which can help them in saving from different diseases. He said that apart from providing medical facilitie

Published 09 Jul, 2018 12:00am

Election campaign: plea related to PTI, not TL, petitioner clarifies

Election campaign: plea related to PTI, not TL, petitioner clarifies

The petition of Safeer Hussain Shah Advocate before the Election Commission of Pakistan (ECP) on code of conduct to be obeyed by all political parties is related to the Pakistan Tehreek-e-Insaf (PTI). Advocate Safeer informed Business Recorder here

Published 09 Jul, 2018 12:00am

MQM-P workers coming back: Kanwer

MQM-P workers coming back: Kanwer

Scores of Pak Sarzameen Party (PSP) workers who quitted the party have rejoined Mutahidda Qaumi Movement (MQM-P) here on Sunday. Addressing a crowded press conference at MQM's headquarters Bahadurabad, Deputy Convener MQM Kanwer Naveed Jameel along with A

Published 09 Jul, 2018 12:00am

PTI's sympathisers on EZDMC going to confirm CEO's recruitment

PTI's sympathisers on EZDMC going to confirm CEO's recruitment

The members of the Board of Directors (BoD), comprising the supporters and sympathizers of Pakistan Tehreek-e-Insaf (PTI), are going to confirm the recruitment of the Chief Executive Officer (CEO) Khyber Pakhtunkhwa Economic Zones Development and Manageme

Published 09 Jul, 2018 12:00am

Influential political families dominating polls in KP

Influential political families dominating polls in KP

Influential politicians and their family members are dominating upcoming parliamentary elections in Khyber Pakhtunkhwa and contesting elections along with their sons, brothers and in-laws from different districts of the province.

Published 09 Jul, 2018 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 28	281.85
USD PKR Interbank Buying / Mar 28	279.71
USD to Japanese Yen / Mar 31	148.93
USD to Swiss Franc / Mar 31	0.88
Pound Sterling to USD / Mar 31	1.30
Euro to USD / Mar 31	1.08
UK LIBOR % / Mar 27	4.96

Stock	Volume
S&P 500 / Mar 28	5,580.94
India Sensex / Mar 28	77,414.92
Nasdaq / Mar 28	17,322.99
Dow Jones / Mar 28	41,583.90
Tokyo Nikkei / Mar 31	35,617.56
Hang Seng / Mar 31	23,146.55
FTSE 100 / Mar 31	8,576.85
Germany DAX 30 / Mar 31	22,201.28
France CAC40 / Mar 31	7,810.99

Item	Value
Gold 10 Grams PKR / Mar 27	275,205
Karachi Cotton PKR/37.32 KG / Mar 28	17,085
Crude Oil USD/Barrel / Mar 31	69.31
Gold Spot USD/Ounce / Mar 31	3,117.12
Cotton US¢/pound / Mar 31	66.49
Petrol/Litre / Apr 1	255.63
Diesel/Litre / Apr 1	258.64

Gainers
Losers
Leaders

Stock	Price
Mughal Iron & Steel (R) / Mar 27 Mughal Iron & Steel Industries Limited (R)(MUGHALR2)	4.01 ▲ 1 (33.22%)
Parmount Sp. / Mar 27 Paramount Spinning Mills Limited(PASM)	4.10 ▲ 0.59 (16.81%)
Shaheen Ins. / Mar 27 Shaheen Insurance Company Limited(SHNI)	7.50 ▲ 0.97 (14.85%)
Popular Islamic / Mar 27 Popular Islamic Modaraba(PIM)	15.02 ▲ 1.37 (10.04%)
Diamond Ind. / Mar 27 Diamond Industries Limited(DIIL)	33.83 ▲ 3.08 (10.02%)
Sardar Chemical / Mar 27 Sardar Chemical Industries Limited(SARC)	35.95 ▲ 3.27 (10.01%)
J.K.Spinning / Mar 27 J.K. Spinning Mills Limited(JKSM)	69.58 ▲ 6.33 (10.01%)
Data Agro / Mar 27 Data Agro Limited(DAAG)	106.28 ▲ 9.66 (10%)
Leiner Pak Gelat / Mar 27 Leiner Pak Gelatine Limited(LPGL)	121.88 ▲ 11.08 (10%)
Allawasaya Tex / Mar 27 Allawasaya Tex. & Finishing Mills Ltd(AWTX)	1,429.95 ▲ 130 (10%)

Stock	Price
Arif Habib Corp / Mar 27 Arif Habib Corporation Limited(AHCL)	11.60 ▼ -98.09 (-89.42%)
Elahi Cot. / Mar 27 Elahi Cotton Mills Limited(ELCM)	135.93 ▼ -15.1 (-10%)
Khalid Siraj / Mar 27 Khalid Siraj Textile Mills Limited(KSTM)	8.03 ▼ -0.87 (-9.78%)
PIA Holding Co.B / Mar 27 PIA Holding Company Limited B(PIAHCLB)	874.01 ▼ -93.68 (-9.68%)
Saritow Spinning / Mar 27 Saritow Spinning Mills Limited(SSML)	18.90 ▼ -1.75 (-8.47%)
Cordoba Logistics / Mar 27 Cordoba Logistics & Ventures Limited(CLVL)	12.61 ▼ -1.15 (-8.36%)
Sally Textile / Mar 27 Sally Textile Mills Limited(SLYT)	11.01 ▼ -0.99 (-8.25%)
Masood Textile / Mar 27 Masood Textile Mills Limited(MSOT)	49.06 ▼ -4.27 (-8.01%)
Universal Ins. / Mar 27 The Universal Insurance Company Limited(UVIC)	9.57 ▼ -0.73 (-7.09%)
Al-Khair Gadoon / Mar 27 Al-Khair Gadoon Limited(AKGL)	42 ▼ -3.1 (-6.87%)

Stock	Volume
Cnergyico PK / Mar 27 Cnergyico PK Limited(CNERGY)	45,325,056 ▲ 0.31
Pak Elektron / Mar 27 Pak Elektron Limited(PAEL)	29,179,304 ▲ 0.67
P.S.O. / Mar 27 Pakistan State Oil Company Limited(PSO)	26,879,128 ▲ 1.58
Arif Habib Corp / Mar 27 Arif Habib Corporation Limited(AHCL)	20,499,919 ▼ -98.09
WorldCall Telecom / Mar 27 Worldcall Telecom Limited(WTL)	16,191,931 ▼ -0.03
B.O.Punjab / Mar 27 The Bank of Punjab(BOP)	16,148,304 ▼ -0.2
Pak Petroleum / Mar 27 Pakistan Petroleum Limited(PPL)	15,934,134 ▼ -1.85
Engro Fert. / Mar 27 Engro Fertilizers Limited(EFERT)	14,419,464 ▲ 0.5
Fauji Cement / Mar 27 Fauji Cement Company Limited(FCCL)	14,194,696 ▲ 0.53
Maple Leaf Cement / Mar 27 Maple Leaf Cement Factory Limited(MLCF)	11,282,647 ▲ 0.09

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Pakistan Airports Authority’s high-rise headquarters approved for Islamabad

Pakistan Airports Authority’s high-rise headquarters approved for Islamabad

PMO takes big step towards fueling economy

PMO takes big step towards fueling economy

4.7 magnitude earthquake jolts Karachi, surrounding areas

4.7 magnitude earthquake jolts Karachi, surrounding areas

KP govt declares Galiyat, Bashkar as ‘biosphere reserves’

KP govt declares Galiyat, Bashkar as ‘biosphere reserves’

Pakistan’s Honda Atlas exports first fully assembled vehicles to Japan

Pakistan’s Honda Atlas exports first fully assembled vehicles to Japan

President Zardari, PM Shehbaz extend Eid greetings to nation

President Zardari, PM Shehbaz extend Eid greetings to nation

Canadian dollar posts fourth straight weekly gain

Canadian dollar posts fourth straight weekly gain

To identify collection loopholes: FBR notifies DG (Special Initiatives-Customs) office

To identify collection loopholes: FBR notifies DG (Special Initiatives-Customs) office