News Archives for Print - 2018-07-16

The Weather

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

Published 16 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 16 Jul, 2018 12:00am

Currency

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (July 9 to 13, 2018).

Published 16 Jul, 2018 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 16 Jul, 2018 12:00am

Thai companies seen issuing $24 billion of bonds this year

Companies in Thailand are expected to sell about 800 billion baht ($24 billion) of bonds this year, more than previously expected, as the central bank keeps interest rates near record lows, the Thai Bond Market Association said on Wednesday. The ThaiBMA h

Published 16 Jul, 2018 12:00am

Thai companies seen issuing $24 billion of bonds this year

Companies in Thailand are expected to sell about 800 billion baht ($24 billion) of bonds this year, more than previously expected, as the central bank keeps interest rates near record lows, the Thai Bond Market Association said on Wednesday. The ThaiBMA h

Published 16 Jul, 2018 12:00am

Currency

Hedge funds embrace China yuan short trade, but no doomsday in sight

A record slide in the Chinese currency in June has paid rich dividends for some of the world's top macro hedge funds, though they say those trades do not reflect growing bets on an economic crash. The world's second biggest economy certainly has its probl

Published 16 Jul, 2018 12:00am

Currency

Hedge funds embrace China yuan short trade, but no doomsday in sight

A record slide in the Chinese currency in June has paid rich dividends for some of the world's top macro hedge funds, though they say those trades do not reflect growing bets on an economic crash. The world's second biggest economy certainly has its probl

Published 16 Jul, 2018 12:00am

Mutual Funds

Investors pull $1.85 billion from US-based equity funds

Investors withdrew $1.85 billion from US-based equity funds in the week ended Wednesday despite strong stock market performance during the same period, according to Lipper data released on Thursday. The data showed $1.46 billion was withdrawn from US-base

Published 16 Jul, 2018 12:00am

Mutual Funds

Investors pull $1.85 billion from US-based equity funds

Investors withdrew $1.85 billion from US-based equity funds in the week ended Wednesday despite strong stock market performance during the same period, according to Lipper data released on Thursday. The data showed $1.46 billion was withdrawn from US-base

Published 16 Jul, 2018 12:00am

Currency

South Africa's rand to cruise but trade spat may blow it off course

South Africa's rand is likely to cruise through the coming year but the outcome of a trade war between the United States and China could throw the currency off course, a Reuters poll showed on Friday. The survey, taken this week, indicates the rand will f

Published 16 Jul, 2018 12:00am

Gulf stocks rise on higher oil prices, second quarter results

Most Gulf stock markets closed higher on Sunday, bolstered by firmer oil prices and a clutch of positive financial results. Oil prices edged up about 1 percent on Friday as strike actions in Norway and Iraq hit supplies. But prices on course for a second

Published 16 Jul, 2018 12:00am

Bangladesh's interbank forex rates

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

Published 16 Jul, 2018 12:00am

China's money rates rise

China's primary money rates edged up slightly this week, but liquidity remained "very loose" despite the central bank draining cash, traders said. The volume-weighted average rate of the benchmark seven-day repo traded in the interbank market, considered

Published 16 Jul, 2018 12:00am

Libor

ISDA lays out options for money market 'fallback' rates

The International Swaps and Derivatives Association (ISDA) has launched a market-wide consultation on potential money market fallback rates for derivatives contracts worth trillions of dollars. The move is the latest step in the almost decade-long effort

Published 16 Jul, 2018 12:00am

Currency

Russia to cut daily FX purchases to $250 millions

Russia's Finance Ministry said on Wednesday it would cut its daily purchases of foreign currency for state reserves to the equivalent of 15.8 billion roubles ($249.74 million) between July 6 and August 6. The ministry said it was reducing total purchases

Published 16 Jul, 2018 12:00am

Libor

UK watchdog tells banks to speed up ditching of Libor

Banks must press on with using new "risk free" interest rate benchmarks instead of Libor in financial contracts, Britain's markets watchdog said on Thursday. Banks have been fined $9 billion for trying to rig Libor, a measure of the borrowing costs among

Published 16 Jul, 2018 12:00am

Libor

UK watchdog tells banks to speed up ditching of Libor

Banks must press on with using new "risk free" interest rate benchmarks instead of Libor in financial contracts, Britain's markets watchdog said on Thursday. Banks have been fined $9 billion for trying to rig Libor, a measure of the borrowing costs among

Published 16 Jul, 2018 12:00am

Wall Street week ahead: trade policy uncertainty could bolster US defensive stock sectors

As the United States ramps up import tariffs and long-date U.S Treasury debt yields remain low, stocks in so-called defensive sectors may have room to run higher in price, even though expectations for the currently quarterly earnings seasons are high. Sto

Published 16 Jul, 2018 12:00am

Wall Street week ahead: trade policy uncertainty could bolster US defensive stock sectors

As the United States ramps up import tariffs and long-date U.S Treasury debt yields remain low, stocks in so-called defensive sectors may have room to run higher in price, even though expectations for the currently quarterly earnings seasons are high. Sto

Published 16 Jul, 2018 12:00am

IAAF releases biomechanical study reports from London World Championships

Athletics' global governing body on Sunday released 38 in-depth reports as part of the largest biomechanical study in the sport's history after measuring and analysing data from last year's World Championships in London.

Published 16 Jul, 2018 12:00am

Marquez wins in Germany for ninth year in a row

Honda's MotoGP champion Marc Marquez triumphed for the ninth year in a row in Germany on Sunday to stretch his lead over Italian great Valentino Rossi to 46 points ahead of the European summer break. Rossi finished second, 2.196 seconds behind, with Spani

Published 16 Jul, 2018 12:00am

Two Koreas to form joint table tennis team for Korea Open

The two Koreas will form joint table tennis teams for the 2018 Korea Open next week, a report said Sunday, the latest sign of thawing ties between the neighbours. North and South Korea will field joint teams in the men's and women's doubles as well as the

Published 16 Jul, 2018 12:00am

Car crash victim Degenkolb back in business on Tour

John Degenkolb won the Arras-Roubaix ninth stage of the Tour de France on Sunday ahead of Greg Van Avermaet as dozens of falls and multiple withdrawals made for a slapstick spectacle amidst clouds of dust. The win marks a return to form for the German, a

Published 16 Jul, 2018 12:00am

Modric wins Golden Ball, Kane Golden Boot, Mbappe young player award

Croatia captain Luka Modric won the Golden Ball award for the World Cup's best player despite being on the losing side to France in a thrilling final in Moscow on Sunday. Modric was named man-of-the-match three times in Croatia's seven games in Russia, bu

Published 16 Jul, 2018 12:00am

Ronaldo arrives in Turin ahead of Juventus unveiling

Cristiano Ronaldo has landed in Turin ahead of his official unveiling as Juventus' superstar summer signing on Monday afternoon, the Serie A champions announced on Sunday. "Now arriving in Turin: @Cristiano!" the club wrote on its Twitter account, alongsi

Published 16 Jul, 2018 12:00am

Vince called into England squad for India ODI finale

Hampshire captain James Vince has been called into England's squad for the third and deciding one-day international against India at Headingley on Tuesday. The England and Wales Cricket Board said Sunday that Vince's call-up would allow Dawid Malan to pla

Published 16 Jul, 2018 12:00am

Sri Lanka postpones new T20 cricket league

Sri Lanka's cricket authorities Sunday announced the indefinite postponement of the country's Twenty20 league scheduled for next month and said revised dates will be decided by a new board. The Lankan Premier League (LPL) was due to start on August 18, bu

Published 16 Jul, 2018 12:00am

Anderson makes wicket-taking return

England great James Anderson took two wickets on his return with Lancashire's 2nd XI on Sunday after more than a month out of action with a shoulder injury. The 35-year-old paceman, England's all-time leading Test wicket-taker, took two for 32 in 14 overs

Published 16 Jul, 2018 12:00am

Five teenage footballers drown in Bangladesh

Five teenage footballers drowned in a river in southeast Bangladesh moments after they played a friendly match between supporters of Argentina and Brazil, police said Sunday. Police recovered the bodies from the Matamuhuri river at Chokoria town Saturday

Published 16 Jul, 2018 12:00am

Djokovic wins fourth Wimbledon title

Novak Djokovic raced to a fourth Wimbledon title and 13th career Grand Slam crown on Sunday when he defeated a battling but exhausted Kevin Anderson 6-2, 6-2, 7-6 (7/3). World number 21 Djokovic added the 2018 title to his wins in 2011, 2014 and 2015 as h

Published 16 Jul, 2018 12:00am

Australia prepares to ban Huawei from 5G project over security fears

Australia is preparing to ban Huawei Technologies Co Ltd from supplying equipment for its planned 5G broadband network after its intelligence agencies raised concerns that Beijing could force the Chinese telco to hand over sensitive data, two sources said

Published 16 Jul, 2018 12:00am

How Apple's app store changed our world

A decade ago, Apple opened a store peddling iPhone apps, unlocking the creativity of software developers and letting users truly make their mobile devices their own. The resulting explosion of phone apps there are now more than 2 million for the iPhone al

Published 16 Jul, 2018 12:00am

As technology advances, women are left behind in digital divide

Poverty, gender discrimination and digital illiteracy are leaving women behind as the global workforce increasingly uses digital tools and other technologies, experts warned on Tuesday. The so-called "digital divide" has traditionally referred to the gap

Published 16 Jul, 2018 12:00am

Microsoft urges regulation of face-recognizing tech

Microsoft's chief legal officer on Friday called for regulation of facial recognition technology due to the risk to privacy and human rights. Brad Smith made a case for a government initiative to lay out rules for proper use of facial recognition technolo

Published 16 Jul, 2018 12:00am

OTE starts Greece's first fibre-to-the-home for ultra-fast broadband

Greece's biggest telecom operator OTE Group flicked the switch on the first "fibre-to-the-home" ultra-fast internet connection on Tuesday which will help the country make a leap to faster speeds within the next four years. Greece, which is slowly recoveri

Published 16 Jul, 2018 12:00am

Global PC market grows for first time in six years: survey

The global personal computer market grew for the first time in six years in the second quarter of 2018, driven by upgrades in the business segment, a market tracker said Thursday. The research firm Gartner reported that worldwide PC shipments rose 1.4 per

Published 16 Jul, 2018 12:00am

Google to raise profile of two 'moonshot' projects

Google parent Alphabet announced Tuesday it was raising the profile of two "moonshot" projects - one for drone delivery and the other for global internet connectivity with balloons. The announcement means that balloon project Loon and drone project Wing w

Published 16 Jul, 2018 12:00am

Google leans more on algorithms for ads as critics highlight risks

Alphabet Inc's Google introduced new ad-buying tools on Tuesday that showcase its growing push to allow machines instead of humans to fine-tune ads and determine where they should run. Advertisers have welcomed the advanced software, which could encourage

Published 16 Jul, 2018 12:00am

New General Electric lacks money-back guarantee for investors

John Flannery's plan for General Electric is a breakup - not a money-back guarantee. A fear that dismantling the US conglomerate will be fiddly and leave old problems unfixed may be why the market isn't giving credit for what could be a pretty big bump in

Published 16 Jul, 2018 12:00am

SoftBank's cheap valuation draws $1 billion bet from US fund Tiger Global

US hedge fund Tiger Global has built a stake worth over $1 billion in SoftBank Group Corp as it considers the Japanese firm undervalued, a source with direct knowledge of the matter said, driving SoftBank shares up as much as 6.8 percent.

Published 16 Jul, 2018 12:00am

BMW, Daimler, telcos in push to get EU adopt connected car standard

BMW, Daimler, Deutsche Telekom and Ericsson have urged the European Commission to back a technology for connected cars they believe would help to speed up the rollout of 5G mobile networks across the bloc. The call comes as the EU executive prepares to dr

Published 16 Jul, 2018 12:00am

Pfizer to split into three units

Pfizer Inc said on Wednesday it would reorganize into three units, separating its consumer healthcare business that the US drugmaker has been trying to sell since last year. The news comes a day after the company decided to defer drug price increases for

Published 16 Jul, 2018 12:00am

Deutsche Post hires bank to explore StreetScooter options

German postal services group Deutsche Post has hired Goldman Sachs to evaluate options for its electric van business StreetScooter as it seeks to expand the unit and tap an expected surge in demand, people close to the matter said.

Published 16 Jul, 2018 12:00am

QNB sees second quarter boost in net interest income

Qatar National Bank (QNB) reported a 6.3 percent increase in second-quarter net profit on Wednesday, as a rise in net interest income helped offset an increase in bad loans for the Middle East and Africa's largest lender. The bank made a net profit of 3.6

Published 16 Jul, 2018 12:00am

QNB sees second quarter boost in net interest income

Qatar National Bank (QNB) reported a 6.3 percent increase in second-quarter net profit on Wednesday, as a rise in net interest income helped offset an increase in bad loans for the Middle East and Africa's largest lender. The bank made a net profit of 3.6

Published 16 Jul, 2018 12:00am

Currency

Trade war looms over European company earnings: China-exposed stocks for signs of strain

Investors will be watching Europe's exporters like hawks this earnings season, picking over results for signs that escalating protectionism worldwide has started to dent companies' investment plans and outlook. Much hangs in the balance for Europe's secon

Published 16 Jul, 2018 12:00am

'Half of climate action plans neglect people in danger'

Governments are failing those most at risk from climate change by not placing them at the heart of efforts to adapt to more extreme weather and rising seas, researchers said in a report on the UN development goals, calling it "a critical concern". The ana

Published 16 Jul, 2018 12:00am

Climate change wreaking havoc with Colombia's glaciers

Climate change has helped melt nearly a fifth of Colombia's mountaintop glacier cover in just seven years, the government said Thursday. The surface area of its six glaciers has shrunk from 45 square kilometers in 2010 to 37 square kilometers in 2017, for

Published 16 Jul, 2018 12:00am

Half of Americans trying to lose weight: study

Half of the adults in the United States are trying to lose weight, according to a study published on Thursday, with more women than men seeking to shed a few pounds. The National Health and Nutrition Examination Survey, conducted from 2013 through 2016, f

Published 16 Jul, 2018 12:00am

Ebola survivors suffer severe mental, neuro problems

People who survive the deadly Ebola virus can continue to suffer severe psychiatric and neurological problems including depression, debilitating migraines, nerve pain and stroke, according to a study published on Wednesday.

Published 16 Jul, 2018 12:00am

Thinking skills may suffer on hot days

Heat waves can sap productivity by slowing down thinking, even in the young and healthy, a small study suggests. Harvard researchers found that during a summer heat wave, students living in dorms without air conditioning consistently scored lower on daily

Published 16 Jul, 2018 12:00am

Multivitamin-mineral supplements do not reduce heart disease: research

Taking multivitamins and minerals does not reduce the risk of cardiovascular disease or associated deaths, according to a new review of existing research. "There is no scientific evidence that (these) supplements promote cardiovascular health," lead autho

Published 16 Jul, 2018 12:00am

Sterilised mosquito trial slashes dengue spreading population

More than 80 percent of a dengue fever-spreading mosquito has been wiped out in an Australian town during a landmark trial scientists said on Tuesday offered hope for combating the dangerous pest globally. Researchers from Australia's national science bod

Published 16 Jul, 2018 12:00am

Huge iceberg off Greenland sparks flooding fears

A massive iceberg drifting off Greenland has triggered fears of flooding if it breaks up, leading the authorities to evacuate a high-risk zone. The authorities have urged residents of the Innaarsuit island settlement with houses on a promontory to move aw

Published 16 Jul, 2018 12:00am

Lockheed F-35 jet price falls six percent to below $90 million

The United States has struck a preliminary deal to buy F-35 jets from Lockheed Martin worth about $13 billion, clearing the way for a larger multi-year purchase that aims to bring the cost per jet down to $80 million by 2020, sources said.

Published 16 Jul, 2018 12:00am

Lockheed F-35 jet price falls six percent to below $90 million

The United States has struck a preliminary deal to buy F-35 jets from Lockheed Martin worth about $13 billion, clearing the way for a larger multi-year purchase that aims to bring the cost per jet down to $80 million by 2020, sources said.

Published 16 Jul, 2018 12:00am

UAE court dismisses criminal case against Abraaj equity boss

A United Arab Emirates court Sunday dismissed a criminal case against the head of embattled Abraaj private equity group over bounced cheques for millions of dollars, lawyers said. But the lawyers disagreed over whether an-out-of court deal amounted to an

Published 16 Jul, 2018 12:00am

UAE court dismisses criminal case against Abraaj equity boss

A United Arab Emirates court Sunday dismissed a criminal case against the head of embattled Abraaj private equity group over bounced cheques for millions of dollars, lawyers said. But the lawyers disagreed over whether an-out-of court deal amounted to an

Published 16 Jul, 2018 12:00am

Norway oil strike to widen

A Norwegian oil and gas rig workers' union prepared on Sunday to widen from midnight (2200 GMT) a six-day strike that has slightly dented Norway's oil output, saying employers had not responded to their demand for higher wages and pension benefits. "We wi

Published 16 Jul, 2018 12:00am

Royce plans for take-off in flying taxi market

British jet engine maker Rolls-Royce has designed a propulsion system for a flying taxi and is starting a search for partners to help develop a project it hopes could take to the skies as soon as early next decade. Rolls-Royce said on Sunday it had drawn

Published 16 Jul, 2018 12:00am

Embraer pushes E2 jet's low maintenance, fuel costs amid Airbus rivalry

Brazilian planemaker Embraer is pushing the low maintenance costs and fuel burn of its E2 jet as it battles tougher competition from the rival A220, now backed by Airbus, executives said on Sunday. "I'm hopeful that we'll be able to present a good showing

Published 16 Jul, 2018 12:00am

Boeing concerned about tariff talk, but no business impact yet

Boeing Co is concerned about the impact of possible trade tariffs on the cost of running its supply chain, but has not yet seen any impact from US-Chinese trade tensions on its business, Chief Executive Dennis Muilenburg said on Sunday.

Published 16 Jul, 2018 12:00am

Silicon Valley eyes Africa as new tech frontier

With its colourful hammocks and table tennis table, a new tech hub in the Lagos metropolis wouldn't look out of place among the start-ups on the other side of the world in Silicon Valley. But the NG_Hub office is in the suburb of Yaba - the heart of Niger

Published 16 Jul, 2018 12:00am

Israel inflation rate tops 1 percent for first time since 2014

Israel's annual inflation rate rose for the 10th straight month in June, data from the Central Bureau of Statistics showed on Sunday, moving above the 1 percent level for the first time in more than four years. Boosted by base effects in which a large mon

Published 16 Jul, 2018 12:00am

Turkish financial watchdog cancels stock market abuse decision

Turkey's capital markets regulator decided on Sunday to cancel a partial suspension of a directive related to insider trading, saying "speculation and negative perceptions" of the move would have prevented the decision having its desired effect. The Capit

Published 16 Jul, 2018 12:00am

China willing to invest $3 billion in Nigerian oil operations

China National Offshore Oil Corp (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja. During a visit to N

Published 16 Jul, 2018 12:00am

Economists raise China's 2018 GDP growth forecast despite trade uncertainty

Analysts have raised their 2018 growth forecasts for China's economy, a surprising result given an escalating trade war with the United States, as they see a deleveraging drive and pollution crackdown having less of an impact than initially expected. A Re

Published 16 Jul, 2018 12:00am

DR Congo's Kabila promotes blacklisted generals in army shake-up

DR Congo President Joseph Kabila replaced the country's army chief in a military shake-up at the weekend that included the promotion of two key allies on a US sanctions blacklist. The changes come as the vast African country is in the grip of a crisis ove

Published 16 Jul, 2018 12:00am

Civilian deaths in war-torn Afghanistan hit record high: UN

The number of Afghan civilians killed in the country's long-running conflict hit a record high in the first six months of 2018, UN figures showed Sunday, with militant attacks and suicide bombs the leading causes of death. The toll of 1,692 fatalities was

Published 16 Jul, 2018 12:00am

At least seven killed in suicide blast near Afghan ministry

An apparent suicide attack close to a government ministry in the Afghan capital Kabul on Sunday killed at least seven people and wounded more than 15 as staff were leaving the office in the evening rush hour, officials said. The attack was the latest in a

Published 16 Jul, 2018 12:00am

Arrests after India mob kills man over WhatsApp child kidnap rumour

Indian police said Sunday they have arrested 32 people after a man was killed by a mob in the country's latest lynching over suspicion of child kidnapping sparked by rumours on WhatsApp. The men were arrested over the murder of Google employee Mohammad Az

Published 16 Jul, 2018 12:00am

Emirati prince flees to Qatar, criticises Abu Dhabi

An Emirati prince is seeking asylum in Qatar after fleeing the UAE saying he feared for his life because of a dispute with the rulers of oil-rich Abu Dhabi, the New York Times reported on Sunday. Sheikh Rashid bin Hamad al-Sharqi, 31, is the second son of

Published 16 Jul, 2018 12:00am

Hundreds of Nigerian troops missing after Boko Haram overruns base

Hundreds of Nigerian troops are missing after Boko Haram jihadists overran a military base in the remote north-east, security sources said Sunday, in the second major assault on the armed forces in two days. The militants invaded a base holding more than

Published 16 Jul, 2018 12:00am

North Korea, US hold talks on war dead repatriation

North Korean and US military officials met Sunday to discuss repatriation of the remains of American troops killed during the Korean War, US Secretary of State Mike Pompeo said. Returning the remains of the US soldiers who perished during the 1950-53 conf

Published 16 Jul, 2018 12:00am

Violent protests in Chicago after man shot dead by police

A violent clash broke out late Saturday in Chicago's predominately black South Side neighbourhood after police shot and killed a man whom they suspected was carrying a firearm. A crowd of about 150 residents shouted "murderers" and obscenities, local medi

Published 16 Jul, 2018 12:00am

Turkey marks second coup anniversary

Turkey on Sunday commemorated the second anniversary of a bloody coup attempt which was followed by a series of purges in the public sector and changes to boost President Recep Tayyip Erdogan's powers. Two hundred and forty eight people were killed and ov

Published 16 Jul, 2018 12:00am

Turkey issues presidential decrees reshaping Institutions

Turkey issued presidential decrees on Sunday reshaping key political, military and bureaucratic institutions as part of the transformation to a powerful executive presidency triggered by last month's election. President Tayyip Erdogan was sworn in on Mond

Published 16 Jul, 2018 12:00am

Syria rebels begin evacuating 'cradle' of uprising in Daraa

Hundreds of Syrian rebels and their relatives left the southern city of Daraa on Sunday under a deal to bring the "cradle" of the country's uprising back under government control. The transfers came as Russian-backed government forces advanced in the neig

Published 16 Jul, 2018 12:00am

Church says government forces kill two on Nicaragua day of protest

Government forces in Nicaragua shot dead two young men at a protest site at a church, the clergy said, the latest violence to hit the Central American country that has convulsed with political unrest for three months. The attack took place on the third da

Published 16 Jul, 2018 12:00am

Thousands rally in Morocco for jailed Rif opponents

Thousands of people demonstrated in Morocco's capital Rabat on Sunday against the jailing of leaders and activists of a northern protest movement. "The people boycott the justice system!" and "free the detainees!", yelled the protesters, AFP reporters sai

Published 16 Jul, 2018 12:00am

May says Trump told her to 'sue the EU'

US President Donald Trump told British Prime Minister Theresa May she should sue the European Union rather than negotiate with them, she said Sunday. May said Trump's self-declared "brutal" option in the Brexit negotiations was to sue Brussels, shedding l

Published 16 Jul, 2018 12:00am

Three killed as worker opens fire at Saudi-Yemen border

Three people were killed at a Yemen border crossing when a Saudi immigration worker opened fire, killing a colleague and police officer before being shot himself, Saudi authorities said Sunday. The 34-year-old employee of the Wadia crossing shot two of hi

Published 16 Jul, 2018 12:00am

At least 15 dead in Myanmar jade mine landslide

At least 15 people have been killed and dozens injured in a landslide at an old jade mine in northern Myanmar, state media reported on Sunday, as rains complicate the search for more victims. The accident is the latest to strike the multibillion dollar in

Published 16 Jul, 2018 12:00am

Haiti prime minister resigns after deadly unrest

Embattled Haiti Prime Minister Jack Guy Lafontant resigned on Saturday following deadly violence and looting sparked by a now-abandoned plan to raise fuel prices, triggering a fraught process to form a new government. "I submitted my resignation to the pr

Published 16 Jul, 2018 12:00am

House arrest confirmed for Israeli over Palestinian deaths

Israel's supreme court on Sunday rejected an appeal against house arrest for an Israeli suspect in a 2015 firebombing that killed a Palestinian toddler and his parents, his lawyers said. On Thursday, an Israeli district court ordered the suspect, a minor

Published 16 Jul, 2018 12:00am

Trump brands Russia, EU and China its 'foes'

US President Donald Trump branded Russia a "foe" as he prepared Sunday to go head to head with Vladimir Putin at a historic summit clouded by Moscow's alleged manipulation of the 2016 US election. Monday's summit in Helsinki will offer Putin, a former KGB

Published 16 Jul, 2018 12:00am

'We are focusing on providing a one-window solution to our clients' : an interview with Ali Tariq, Managing Director TAQ Logistics

Ali Tariq is Managing Director of the transportation and logistics solutions unit of the 'The TAQ Organization' - a pioneer in the field of international freight transportation and logistics in Pakistan. Ali obtained his Master's degree from Massachusetts

Published 16 Jul, 2018 12:00am

'We are focusing on providing a one-window solution to our clients' : an interview with Ali Tariq, Managing Director TAQ Logistics

Ali Tariq is Managing Director of the transportation and logistics solutions unit of the 'The TAQ Organization' - a pioneer in the field of international freight transportation and logistics in Pakistan. Ali obtained his Master's degree from Massachusetts

Published 16 Jul, 2018 12:00am

Pakistan welcomes agreement on global compact on migration

At the United Nations (UN), Pakistan welcomed agreement on a Global Compact that sets out a framework to protect migrants, saying this marked a historic moment and triumph of multilateralism. Speaking in the final session of Intergovernmental negotiations

Published 16 Jul, 2018 12:00am

Youth urged to use their right to vote

Speakers discussing the issues being faced by minorities particularly young people have demanded to address the development issues of young people with allocation of appropriate resources and programmes for them. This was discussed in a dialogue held by S

Published 16 Jul, 2018 12:00am

Kulbhushan Jadhav case: Pakistan to submit reply to ICJ tomorrow

Pakistan will submit its reply to International Court of Justice (ICJ) at The Hague tomorrow (July 17) in the case of Indian spy Kulbhushan Jadhav. Diplomatic sources said that Dr Fareha Bugti, Director India at South Asia Division, Ministry of Foreign Af

Published 16 Jul, 2018 12:00am

PFC to donate Rs 1 millions for dams' funds

Pakistan Furniture Council (PFC) on Sunday announced a donation of Rs 1 million for construction of Diamer-Bhasha, Mohmand dams' funds and expressed solidarity towards a noble cause raised by Chief Justice of Pakistan Mian Saqib Nisar of raising funds for

Published 16 Jul, 2018 12:00am

Efforts afoot to address grievances of affected women: PCSW chief

Chairperson of Punjab Commission of the Status of Women Fauzia Viqar called for effective monitoring of the performance of relevant department obliged to deliver services and address the grievances of women. "Adequate efforts are being made to address the

Published 16 Jul, 2018 12:00am

Iranian army chief's visit to help improve defence ties: ex-envoy

Former ambassador of Pakistan to Iran Javid Husain has said the visit of Chief of General Staff for Iranian Armed Forces General Mohammad Bagheri to Pakistan is a welcomed development as it would help improve the defence ties between the two friendly neig

Published 16 Jul, 2018 12:00am

Ban imposed on display of arms in Sindh

The Sindh Home Department has banned carrying and display of any kind of arms at public places in the province. The ban is in place with immediate effect till July 26, a day after the upcoming polls, according to a notification issued by the department. E

Published 16 Jul, 2018 12:00am

Ex-minister not allowed to meet Nawaz

Pakistan Muslim League-Nawaz (PML-N) leader and former CADD minister Dr Fazal Chaudhry was not allowed to meet his party supremo Nawaz Sharif in Adiala Jail on Sunday. Dr Tariq Fazal Chaudhry visited the jail and requested for a meeting with the PML-N sup

Published 16 Jul, 2018 12:00am

Tangir Hydropower scheme approved for electricity to Diamer-Bhasha project

To meet energy needs of Diamer-Bhasha Dam Project (DBDP) during its construction process, 15MW Tangir Hydropower project will be made part of it. The decision in this connection was made at a meeting of a committee, constituted under the directives of Pri

Published 16 Jul, 2018 12:00am

Imran Calls for expediting pace of NAP

Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan on Sunday visited the family of slain Balochistan Awami Party (BAP) leader Siraj Raisani to express condolences over his death in a suicide bomb attack in Mastung area. Imran Khan has called for a quickening

Published 16 Jul, 2018 12:00am

Mastung attack a conspiracy to delay elections: Imran

Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan has termed the Mastung bombing a conspiracy to delay the elections. Speaking to the media during his visit to Quetta, the PTI chief said, "Pakistan's internal and external enemies are behind the Mastung a

Published 16 Jul, 2018 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 21	278.03
USD PKR Interbank Buying / Nov 21	277.78
USD to Japanese Yen / Nov 21	154.92
USD to Swiss Franc / Nov 21	0.88
Pound Sterling to USD / Nov 21	1.26
Euro to USD / Nov 21	1.05

Stock	Volume
S&P 500 / Nov 20	5,917.11
Nasdaq / Nov 20	18,966.14
Dow Jones / Nov 20	43,408.47
India Sensex / Nov 21	77,137.20
Tokyo Nikkei / Nov 21	38,026.17
Hang Seng / Nov 21	19,620.49
FTSE 100 / Nov 21	8,069.57
Germany DAX 30 / Nov 21	18,942.65

Item	Value
Petrol/Litre / Nov 21	248.38
Crude Oil USD/Barrel / Nov 21	69.38
Karachi Cotton PKR/37.32 KG / Nov 21	17,785
Gold 10 Grams PKR / Nov 21	238,340
Gold Spot USD/Ounce / Nov 21	2,662.71
Diesel/Litre / Nov 21	255.14

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▼ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▼ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▼ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▲ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▲ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▲ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 21 K-Electric Limited(KEL)	174,389,145 ▲ 0.00
Hascol Petrol / Nov 21 Hascol Petroleum Limited(HASCOL)	63,973,243 ▲ 0.00
Kohinoor Spining / Nov 21 Kohinoor Spinning Mills Limited(KOSM)	62,996,737 ▲ 0.00
Aisha Steel Mill / Nov 21 Aisha Steel Mills Limited(ASL)	48,137,561 ▲ 0.00
Waves Home Appliances / Nov 21 Waves Home Appliances Limited(WAVESAPP)	43,506,391 ▲ 0.00
Lotte Chemical / Nov 21 Lotte Chemical Pakistan Limited(LOTCHEM)	40,852,960 ▲ 0.00
Telecard Limited / Nov 21 Telecard Limited(TELE)	36,937,252 ▲ 0.00
Cnergyico PK / Nov 21 Cnergyico PK Limited(CNERGY)	31,401,025 ▲ 0.00
WorldCall Telecom / Nov 21 Worldcall Telecom Limited(WTL)	31,346,592 ▲ 0.00

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