News Archives for Print - 2018-07-09

China's COSCO Shipping wins US security clearance for OOIL deal

China's COSCO Shipping Holdings said on Sunday a key US review body has cleared its planned $6.3 billion acquisition of shipping firm Orient Overseas International Ltd (OOIL) on security issues.

Published 09 Jul, 2018 12:00am

Daimler halts truck engine deliveries on emissions concerns

Germany's Daimler AG has temporarily halted deliveries of a truck engine after finding that, in certain driving conditions, its emissions of nitrogen oxide (NOx) could exceed legal limits, the company said on Sunday.

Published 09 Jul, 2018 12:00am

France says Europe united against US tariffs as Germany eyes negotiation

The French government insisted on Sunday that Washington should expect united retaliation from Europe to further tariff increases after Germany signalled it was prepared to negotiate.

Published 09 Jul, 2018 12:00am

US farmers caught in trade war with China

Terry Davidson expects to be farming long after the US-China trade tariffs that took effect Friday become a distant memory. The Illinois soybean grower is more optimistic than others that things will work out, but many farmers in the Midwestern farm belt

Published 09 Jul, 2018 12:00am

Airline Alitalia 'on the right track': boss

The Italian airline Alitalia which went into administration last May has seen a rise in passenger turnover for the second month in a row, one of its bosses said Sunday. The results prove the company "is on the right track," said Luigi Gubitosi, who was ap

Published 09 Jul, 2018 12:00am

Careem to spend $150 million to launch food delivery business

Middle East ride-hailing app Careem is planning to spend up to $150 million to launch its food delivery business as early as September, according to two sources with direct knowledge of the matter. Careem, the main Middle East rival of Uber Technologies ,

Published 09 Jul, 2018 12:00am

'Hard' Brexit could see Philips quit British factory: CEO

Dutch electronics giant Philips warned Sunday it may shift production out of Britain in the event of a "hard" Brexit, saying it was "deeply concerned about competitiveness" of its operations there. The Amsterdam-based group employs some 1,500 people in Br

Published 09 Jul, 2018 12:00am

Mallya shrugs off threat of British asset seizures

Embattled Indian tycoon Vijay Mallya said on Sunday he will comply fully with court enforcement officers seeking to seize his British assets, but there was not much for them to take as his family's lavish residences were not in his name.

Published 09 Jul, 2018 12:00am

Pompeo urges North Korea's Kim to follow Vietnam's example

US Secretary of State Mike Pompeo on Sunday urged North Korea to follow the example of Vietnam, saying President Donald Trump believed Pyongyang could replicate Hanoi's path to normal relations with Washington and to prosperity.

Published 09 Jul, 2018 12:00am

Riots ease as family of French police shooting victim plans lawsuit

A relative calm began to return to the western French city of Nantes early Sunday after days of rioting over a police officer's fatal shooting of a black man, whose family plans to file a lawsuit over a killing which has cast a fresh spotlight on tensions

Published 09 Jul, 2018 12:00am

Ankara angry as Israel charges Turkish tourist with aiding Hamas

Israel charged a detained Turkish tourist on Sunday with helping smuggle money and packages to Palestinian militant group Hamas, in a case that has angered Ankara, which has vowed to retaliate. Ebru Ozkan, 27, has been held since last month when she was d

Published 09 Jul, 2018 12:00am

Turkey sacks 18,500 staff before expected end of coup emergency

Turkish authorities on Sunday ordered the dismissal of more than 18,500 state employees, including police officers, soldiers and academics, ahead of the expected end of a two-year state of emergency this month. The Official Gazette said 18,632 people had

Published 09 Jul, 2018 12:00am

Greeks reject Macedonia name deal in poll

A majority of Greeks reject a disputed name deal that aims to end a long-running row with neighbouring Macedonia, a poll showed Sunday, with nearly half labelling it 'treason'. The Kappa Research poll in Ethnos daily found that 58 percent oppose the June

Published 09 Jul, 2018 12:00am

UAE extends compulsory military service to 16 months

The United Arab Emirates has extended compulsory military service for Emirati men from 12 to 16 months, state news agency WAM reported, amid a three-year involvement in Yemen's war. The UAE, a federation of seven emirates with a mostly expatriate populati

Published 09 Jul, 2018 12:00am

Two Filipinas kidnapped in Iraq freed

Two women from the Philippines kidnapped in Iraq on Saturday have been freed, the Diyala province police chief said on Sunday. The women had been travelling with three compatriots on the road connecting Baghdad to oil city Kirkuk when their car broke down

Published 09 Jul, 2018 12:00am

'Terrorist attack' kills 6 Tunisia security forces

Six members of Tunisia's security forces were killed Sunday in a "terrorist attack" near the border with Algeria, the interior ministry said, the country's deadliest such incident in over two years. A national guard border patrol in the Ain Sultan area of

Published 09 Jul, 2018 12:00am

Renewed looting in Haiti ahead of general strike

Fresh looting broke out on the streets of Haiti's capital Sunday, despite calls for calm after two days of deadly protests over ultimately suspended fuel price hikes. In the heart of Port-au-Prince, AFP journalists saw some shops ransacked while groups be

Published 09 Jul, 2018 12:00am

Kuwait jails lawmakers, activists for storming parliament

Kuwait's top court on Sunday sentenced two serving opposition lawmakers and six former legislators to 42 months in jail after convicting them of storming parliament and assaulting police in 2011. The Supreme Court sentenced five opposition activists to th

Published 09 Jul, 2018 12:00am

Former South Sudan vice president to be reinstated

South Sudan's former vice president Riek Machar will be reinstated in his position as part of a peace deal to end a near five-year-old war that has killed tens of thousands and devastated Africa's youngest nation. The agreement was reached in talks held i

Published 09 Jul, 2018 12:00am

Two dead in raid by Nicaragua pro-government forces: rights group

A raid by pro-government forces left at least two people dead in Nicaragua on Sunday, where more than 230 people have been killed since unrest broke out in April, a rights group said. "There are two dead reported in Diriambo" in the country's southwest, s

Published 09 Jul, 2018 12:00am

Tens of thousands return home after south Syria ceasefire deal

Tens of thousands have returned to their homes in southern Syria since a ceasefire deal between regime ally Russia and rebels to end more than two weeks of deadly bombardment, a monitoring group said Sunday. The deal was largely holding despite air strike

Published 09 Jul, 2018 12:00am

Currency

'Auto parts exports to cross $500 million by 2023' interview with Iftikhar Ahmed, Chairman PAAPAM

Iftikhar Ahmad is the CEO of Risan Synthetic Technic and the current Chairman of Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM). PAAPAM represents over 400 registered tier-one auto parts vendors and manufacturers across the

Published 09 Jul, 2018 12:00am

Currency

'Auto parts exports to cross $500 million by 2023' interview with Iftikhar Ahmed, Chairman PAAPAM

Iftikhar Ahmad is the CEO of Risan Synthetic Technic and the current Chairman of Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM). PAAPAM represents over 400 registered tier-one auto parts vendors and manufacturers across the

Published 09 Jul, 2018 12:00am

AIOU to open admissions from August 1

Allama Iqbal Open University (AIOU) will open its SSC to PhD-level admissions for Semester Autumn 2018 in various disciplines from August 1. According to Directorate of Admissions, a comprehensive plan is being worked out to facilitate the students in the

Published 09 Jul, 2018 12:00am

11-Point Declaration: VCC meeting demands four percent of GDP for education

The 22nd Vice Chancellors' Committee (VCC) that was held on Sunday demanded that government must allocate four per cent of GDP for education with at least one per cent for higher education to increase the access to university education, enhance its qualit

Published 09 Jul, 2018 12:00am

Funds of South Punjab allocated to Lahore: Imran

Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan has said on Sunday he wants to make Pakistan a welfare state where justice will prevail and all appointments will be made on the basis of merit. "There can be no justice in a jungle. We cannot expect just

Published 09 Jul, 2018 12:00am

Don't act like Mandela, Imran tells Nawaz

Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan on Sunday said Pakistan Muslim League-Nawaz (PML-N) and Pakistan People's Party (PPP) took turns ruling this country "in the name of the Charter of Democracy". Addressing a rally in Abbottabad, the cricke

Published 09 Jul, 2018 12:00am

UoP launches clean-up operation against illegal boarders

The administration of the University of Peshawar (UoP) has launched operation clean-up against illegal boarders affiliated with different political student's wings. There were 300 hostel rooms that have been illegally occupied by certain groups affiliated

Published 09 Jul, 2018 12:00am

Cotton

Minister donates Rs 20 million to MNSUAM

Provincial Minister for Food, Agriculture and Planning & Development Sardar Tanvir Ilyas Khan has announced a donation of Rs 20 million for Muhammad Nawaz Sharif University of Agriculture Multan (MNSUAM) out of own pocket. This amount will be used for pro

Published 09 Jul, 2018 12:00am

15,859 candidates appear in UET Peshawar entrance test

A total of 15,859 candidates appeared in entrance test of University of Engineering and Technology (UET) Peshawar, conducted at designated centres across the province on Sunday.

Published 09 Jul, 2018 12:00am

Currency

Hajj training seminar

A two-day Hajj training seminar was held at Phase-8, DHA Lahore here on Sunday. The seminar is a regular annual feature arranged by Religious Affairs Branch DHA Lahore. Administrator DHA Brigadier Muhammad Sajid Khokhar presided over the seminar.

Published 09 Jul, 2018 12:00am

People will reject corrupt rulers on July 25: Siraj

The Election Day would be the day of accountability of those corrupt rulers who have destroyed the city and its resources, and the masses on 25 of July would reject the corrupt rulers.

Published 09 Jul, 2018 12:00am

Minister condemns murder of Fiza Ashraf

Caretaker Minister for Information & Culture Punjab Ahmad Waqas Riaz has said that actual mandate of caretaker government was ensuring timely and transparent election and all was set for holding election on 25th July, 2018 peacefully with the assistance o

Published 09 Jul, 2018 12:00am

Man dies in car-bike collision

A man died while woman was critically injured after an over speeding vehicle hit a motorcycle here on Sunday. Police said that a reckless driven car knocked down a motorcycle carrying two people at Quaidabad Bridge in Karachi. A man died in the accident w

Published 09 Jul, 2018 12:00am

Transparent elections: Punjab CM assures to provide peaceful environment

Caretaker Chief Minister Dr. Hassan Askari said that the interim government is determined to provide a peaceful environment to the voters on the polling day for transparent elections. He said all political parties will have equal opportunities to carry ou

Published 09 Jul, 2018 12:00am

FEL not being provided level playing field: Power Division told

M/s Fatima Energy Limited (FEL) which established a 120 MW bagasse/ coal-fired power plant in Muzaffargarh with an investment of Rs 32 billion is reportedly not being provided level playing field due to "unseen" hurdles in concerned ministries, well infor

Published 09 Jul, 2018 12:00am

PTI's councillors, nazims join PPP

Two PTI affiliated members of district council Noor Wali and Gul Bashar Khalil Sunday joined PPP along with their families, nazims and hundreds of associates. They were addressing a press conference here at the residence of PPP candidates for NA-27 Asma A

Published 09 Jul, 2018 12:00am

Sherpao calls for unity to steer country out of crises

Chairman Qaumi Watan Party Aftab Ahmad Khan Sherpao has called for unity and cohesion to work for maintaining peaceful political atmosphere and steer the country out of the crises.

Published 09 Jul, 2018 12:00am

PPP, PML-N governments blocked construction of Bhasha Dam: Shujaat

Pakistan Muslim League-Q President and former Prime Minister Ch Shujaat Hussain has said that both Pakistan Peoples Party and PML-N governments committed an anti people act by blocking the construction of Bhasha dam on the river Indus.

Published 09 Jul, 2018 12:00am

Indian-held Kashmir under siege on Wani's martyrdom anniversary

The authorities in Indian occupied Kashmir have imposed curfew in Tral town of Pulwama district on the second martyrdom anniversary of popular youth leader, Burhan Muzaffar Wani, to prevent a march towards his native town, on Sunday (July 8).

Published 09 Jul, 2018 12:00am

Swimming at Balochistan beaches banned

The Balochistan Home Department has banned taking bath and swimming in various beaches of the province. According to a communiqué issues by the Balochistan Home Department on Sunday, taking bath and swimming at Gadani, Daran, Kund Malir and other beaches

Published 09 Jul, 2018 12:00am

Ex-MQM leader Saleem Shehzad dies in London

Former leader of Muttahida Qaumi Movement (MQM) Saleem Shehzad passed away after protracted illness, here on Sunday. Suffering from liver and kidney cancer since 2015, he was admitted to a hospital in West London after his condition deteriorated a couple

Published 09 Jul, 2018 12:00am

Three killed in accident

Three persons including two drivers were killed and several injured when a container collided with a Mazda, which was pushing a carry van, near Guttwala on Express Way here on Sunday. Police have registered a case and all bodies of vehicles taken into cus

Published 09 Jul, 2018 12:00am

Electoral process: need for women's maximum participation stressed

Women representative of civil society organisations have said that some political parties had failed to allot, at least, five percent of general seat tickets to women and asked the Election Commission of Pakistan to clear the ambiguity about status of suc

Published 09 Jul, 2018 12:00am

Prices of essential items remain unchanged

Prices of essential food commodities, except chicken meat, fruits, sugar and flour have remained unchanged in retail market, according to survey conducted by Business Recorder here on Sunday. A considerably decrease in prices of chicken meat/produc

Published 09 Jul, 2018 12:00am

NH&MP returns money, precious articles to original heir

National Highways and Motorway Police, Central Zone (NH&MP) have set an example of honesty, returned Forty thousand rupees, and other precious articles to original heir and uphold the core values of honesty, courtesy and rendering help to road users.

Published 09 Jul, 2018 12:00am

Edhi's second death anniversary observed

Renowned philanthropist and social worker Abdul Sattar Edhi remembered on his second death anniversary Sunday. Edhi, who founded the world's largest volunteer ambulance network, died on July 8, 2016 in Karachi after a prolonged illness. The philanthropist

Published 09 Jul, 2018 12:00am

Indian held Kashmir: UN report offers chance to alleviate sufferings: Babar

Senator Farhatullah Babar has said that the report last month of the UN High Commissioner for Human Rights offered an opportunity to alleviate the sufferings of people of the Indian Kashmir as well as taking some corrective measures in Pakistan.

Published 09 Jul, 2018 12:00am

Nawaz's conviction: legal process starts

The interim government is starting the legal process Sunday to implement the decision of the Accountability Court announced on Friday against ousted Prime Minister Nawaz Sharif and his daughter Maryam Nawaz presently in London. The National Accountability

Published 09 Jul, 2018 12:00am

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

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

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

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

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

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

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

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

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

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

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

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

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

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 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

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 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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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 Weather

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

Published 09 Jul, 2018 12:00am

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

Currency

Currency	Rate
USD PKR Interbank Selling / Nov 21	278.16
USD PKR Interbank Buying / Nov 21	277.96
USD to Japanese Yen / Nov 21	154.53
USD to Swiss Franc / Nov 21	0.89
Pound Sterling to USD / Nov 21	1.26
Euro to USD / Nov 21	1.05

Stock	Volume
S&P 500 / Nov 21	5,948.71
India Sensex / Nov 21	77,155.79
Tokyo Nikkei / Nov 21	38,026.17
Nasdaq / Nov 21	18,972.42
Hang Seng / Nov 21	19,601.11
FTSE 100 / Nov 21	8,149.27
Dow Jones / Nov 21	43,870.35
Germany DAX 30 / Nov 21	19,146.17

Item	Value
Crude Oil USD/Barrel / Nov 21	70.18
Karachi Cotton PKR/37.32 KG / Nov 21	17,785
Gold 10 Grams PKR / Nov 21	238,340
Gold Spot USD/Ounce / Nov 21	2,669.46
Cotton US¢/pound / Nov 21	70.43
Petrol/Litre / Nov 22	248.38

Stock	Price
786 Invest Ltd / Nov 22 786 Investments Limited(786)	7.15 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 22 Al-Abbas Sugar Mills Limited(AABS)	620.68 ▼ 0.00 (0.00%)
Agro Allianz / Nov 22 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 22 Ali Asghar Textile Mills Limited(AATM)	69.40 ▼ 0.00 (0.00%)
Allied Bank / Nov 22 Allied Bank Limited(ABL)	115 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 22 Abbott Laboratories (Pakistan) Limited(ABOT)	1,084.82 ▼ 0.00 (0.00%)
Abson Ind. / Nov 22 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 22 Alfalah Consumer Index ETF.(ACIETF)	12.35 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 22 786 Investments Limited(786)	7.15 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 22 Al-Abbas Sugar Mills Limited(AABS)	620.68 ▲ 0.00 (0.00%)
Agro Allianz / Nov 22 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 22 Ali Asghar Textile Mills Limited(AATM)	69.40 ▲ 0.00 (0.00%)
Allied Bank / Nov 22 Allied Bank Limited(ABL)	115 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 22 Abbott Laboratories (Pakistan) Limited(ABOT)	1,084.82 ▲ 0.00 (0.00%)
Abson Ind. / Nov 22 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 22 Alfalah Consumer Index ETF.(ACIETF)	12.35 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 22 Worldcall Telecom Limited(WTL)	95,563,962 ▲ 0.00
Pace (Pak) Ltd. / Nov 22 Pace (Pakistan) Limited(PACE)	51,499,190 ▲ 0.00
Kohinoor Spining / Nov 22 Kohinoor Spinning Mills Limited(KOSM)	48,260,119 ▲ 0.00
K-Electric Ltd. / Nov 22 K-Electric Limited(KEL)	44,585,332 ▲ 0.00
Treet Battery / Nov 22 Treet Battery Limited(TBL)	42,849,466 ▲ 0.00
Waves Home Appliances / Nov 22 Waves Home Appliances Limited(WAVESAPP)	41,650,133 ▲ 0.00
PIA Holding Co.Ltd / Nov 22 PIA Holding Company Limited(PIAHCLA)	33,841,692 ▲ 0.00
Fauji Foods Ltd / Nov 22 Fauji Foods Limited(FFL)	25,303,681 ▲ 0.00
Cnergyico PK / Nov 22 Cnergyico PK Limited(CNERGY)	25,120,112 ▲ 0.00

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