News Archives for Print - 2018-10-08

The Weather

The weather report on Sunday (October 07, 2018) and the forecast for Monday (October 08, 2018).

Published 08 Oct, 2018 12:00am

Returns on Profit and Loss Sharing Investment Bank Accounts (JANUARY TO JUNE 2018)

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

Published 08 Oct, 2018 12:00am

Currency

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (October 01 to 05 2018).

Published 08 Oct, 2018 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 08 Oct, 2018 12:00am

Preventing tumour spread may not improve quality of life

Cancer drugs that keep tumors from growing may not lead to better quality of life for patients, a new study suggests. "In countries where patients need to pay co-pays, they can use up all their savings in order to get access to those expensive new drugs a

Published 08 Oct, 2018 12:00am

China's drought losses predicted to soar as planet warms

Economic losses caused by drought in China will rocket to tens of billions of dollars per year if global warming breaches the limits set by governments in a 2015 agreement to tackle climate change, scientists said. Under the Paris climate pact, almost 200

Published 08 Oct, 2018 12:00am

Tech breakthrough offers early warning system for heart attacks

A new method of analysing images from CT scans can predict which patients are at risk of a heart attack years before it occurs, researchers say. The technology, developed by teams at Oxford University and institutions in Germany and the United States, use

Published 08 Oct, 2018 12:00am

Can wireless challenge cable for home internet service?

Cellular companies such as Verizon are looking to challenge traditional cable companies with residential internet service that promises to be ultra-fast, affordable and wireless. Using an emerging wireless technology known as 5G, Verizon's 5G Home service

Published 08 Oct, 2018 12:00am

Google teams up with Ubisoft to test video game streaming

Google on Monday announced that it will test a video game streaming platform with the release of "Assassin's Creed Odyssey" by Ubisoft this week. Google is collaborating with the French video game colossus to use a new instalment in the hit "Assassin's Cr

Published 08 Oct, 2018 12:00am

Apple chief says firm guards data privacy in China

Apple chief executive Tim Cook on Tuesday said the company is devoted to protecting people's privacy, with data encrypted and locked away on servers even in China. Cook called privacy as one of the most important issues of this century, and maintained tha

Published 08 Oct, 2018 12:00am

Facebook to broadcast live matches from Copa Libertadores in 2019

Facebook said Friday it will broadcast live matches from the Copa Libertadores next year, after reaching a four-year deal to acquire part of the rights to the biggest club tournament in South America. The deal with the South American football confederatio

Published 08 Oct, 2018 12:00am

Facebook adds new tools to stem online bullying

Facebook on October 2 stepped up ways to battle bullying and harassment at the leading social network. The initiative calls for new tools and programs to help users control "unwanted, offensive or hurtful experiences on Facebook," global head of safety An

Published 08 Oct, 2018 12:00am

Honda to invest $2.75 billion in General Motor's Cruise self-driving unit

Honda Motor Co Ltd will invest $2.75 billion and take a 5.7 percent stake in General Motors Co's Cruise self-driving vehicle unit, to jointly develop self-driving vehicles for deployment in ride services fleets around the world.

Published 08 Oct, 2018 12:00am

Honda to invest $2.75 billion in General Motor's Cruise self-driving unit

Honda Motor Co Ltd will invest $2.75 billion and take a 5.7 percent stake in General Motors Co's Cruise self-driving vehicle unit, to jointly develop self-driving vehicles for deployment in ride services fleets around the world.

Published 08 Oct, 2018 12:00am

Amazon raises minimum wage to $15, urges rivals to follow

Amazon.com Inc said on Tuesday it would raise its minimum wage to $15 per hour for US employees from next month, seeking to head off criticism of working conditions at the world's second most valuable company. The online retailer said it would now lobby i

Published 08 Oct, 2018 12:00am

Amazon raises minimum wage to $15, urges rivals to follow

Amazon.com Inc said on Tuesday it would raise its minimum wage to $15 per hour for US employees from next month, seeking to head off criticism of working conditions at the world's second most valuable company. The online retailer said it would now lobby i

Published 08 Oct, 2018 12:00am

SoftBank proposes to offer free power to Solar Alliance

Japan's SoftBank Group Corp has proposed to offer free electricity, after 25 years, to International Solar Alliance (IS) member-countries that sign power purchase agreements (PAP), Chief Executive Masayoshi Son said at a renewable energy conference in New

Published 08 Oct, 2018 12:00am

SoftBank proposes to offer free power to Solar Alliance

Japan's SoftBank Group Corp has proposed to offer free electricity, after 25 years, to International Solar Alliance (IS) member-countries that sign power purchase agreements (PAP), Chief Executive Masayoshi Son said at a renewable energy conference in New

Published 08 Oct, 2018 12:00am

PepsiCo beats on global strength

PepsiCo Inc posted stronger-than-expected profit on Tuesday, boosted by beverage sales in North America that rose after a year of declines and as investments in marketing and developing new products for emerging markets paid off. Shares of the company wer

Published 08 Oct, 2018 12:00am

PepsiCo beats on global strength

PepsiCo Inc posted stronger-than-expected profit on Tuesday, boosted by beverage sales in North America that rose after a year of declines and as investments in marketing and developing new products for emerging markets paid off. Shares of the company wer

Published 08 Oct, 2018 12:00am

Struggling General Electric removes CEO, warns on 2018 earnings

Embattled US engineering giant General Electric on Monday removed its CEO and warned it would fall short of its 2018 earnings guidance as the conglomerate's cash flow struggles continue. The ouster of John Flannery, a 30-year GE veteran, comes barely a ye

Published 08 Oct, 2018 12:00am

Struggling General Electric removes CEO, warns on 2018 earnings

Embattled US engineering giant General Electric on Monday removed its CEO and warned it would fall short of its 2018 earnings guidance as the conglomerate's cash flow struggles continue. The ouster of John Flannery, a 30-year GE veteran, comes barely a ye

Published 08 Oct, 2018 12:00am

Carmakers step up warnings over disorderly Brexit

Carmakers ratcheted up their warnings on Tuesday over a disorderly Brexit, with France's PSA Group and Germany's BMW both saying UK production would suffer if Britain leaves the European Union without a deal. With less than six months before Britain is du

Published 08 Oct, 2018 12:00am

After lean years, Big Oil is under pressure to spend

Executives at the world's biggest oil and gas companies are under growing pressure to loosen the purse strings to replenish reserves, halt output declines and take advantage of a crude price rally after years of austerity. With oil at a four-year high of

Published 08 Oct, 2018 12:00am

EBRD head faces investigation call over dossier on directors

Several member states have called for the head of the European Bank for Reconstruction and Development to be investigated over claims the lender inappropriately gathered personal information on some of its directors, according to a document seen by Reuter

Published 08 Oct, 2018 12:00am

Currency

Turkey will not compromise budget discipline in new inflation programme

Turkish Finance Minister Berat Albayrak said there would be no compromise in budget discipline in his programme to combat surging inflation due to be announced next week, the state-run Anadolu news agency reported on Sunday. Earlier this week data showed

Published 08 Oct, 2018 12:00am

Italy keen to keep 15 percent stake in Alitalia in rescue plan

Italy is working on an Alitalia rescue plan that would see the state taking a stake of around 15 percent in the carrier along with separate investments by state-owned firms such as Ferrovie dello Stato and a foreign player, Il Sole 24 Ore said on Sunday.

Published 08 Oct, 2018 12:00am

Currency

China's September FX reserves fall to 14-month low

China's foreign exchange reserves fell more than expected in September to a 14-month low as the yuan currency weakened further against the dollar amid mounting trade tension with the United States. Reserves fell $22.69 billion in September to $3.087 trill

Published 08 Oct, 2018 12:00am

Currency

China slashes banks' reserve requirements as trade war imperils growth

China's central bank on Sunday announced a steep cut in the level of cash that banks must hold as reserves, stepping up moves to lower financing costs and spur growth amid concerns over the economic drag from an escalating trade dispute with the United St

Published 08 Oct, 2018 12:00am

Total and Algeria's Sonatrach sign new agreements

French energy group Total and Algerian state-owned firm Sonatrach have signed new agreements, including a contract to develop the Erg Issouane gas field and plans to create a joint venture, Total said. Sonatrach and Total will develop the reserves of Erg

Published 08 Oct, 2018 12:00am

Currency

Egypt kicks off pan-Asian bond roadshow in South Korea

Egypt launched a pan-Asian roadshow to promote its international bonds in South Korea on Sunday, part of a bid to bring down rising yields on its debt, the finance ministry said. The non-deal roadshow that starts in Seoul aims to open up new bond markets

Published 08 Oct, 2018 12:00am

Currency

Egypt kicks off pan-Asian bond roadshow in South Korea

Egypt launched a pan-Asian roadshow to promote its international bonds in South Korea on Sunday, part of a bid to bring down rising yields on its debt, the finance ministry said. The non-deal roadshow that starts in Seoul aims to open up new bond markets

Published 08 Oct, 2018 12:00am

Currency

Lebanon bond rout ramps up currency concerns

Lebanon's worst bond market shock in a decade has raised doubts about whether the country's banks are willing and able to continue to bankroll the government, raising pressure on Beirut to step up reforms or risk a destabilising currency crisis.

Published 08 Oct, 2018 12:00am

Currency

Lebanon bond rout ramps up currency concerns

Lebanon's worst bond market shock in a decade has raised doubts about whether the country's banks are willing and able to continue to bankroll the government, raising pressure on Beirut to step up reforms or risk a destabilising currency crisis.

Published 08 Oct, 2018 12:00am

Currency

Sudan sharply devalues currency as economic crisis bites

Sudan slashed the official value of its currency against the US dollar by more than half on Sunday, the third devaluation this year in the face of a mounting economic crisis. The move came just weeks after President Omar al-Bashir replaced the government

Published 08 Oct, 2018 12:00am

Mutual Funds

Investors save billions as funds cut fees, fight for market share

US investors will save billions annually in mutual fund fees as money managers keep chopping them in a widening war for market share. Boston-based Fidelity Investments rocked the industry this summer by offering no-fee index funds. Some analysts see a fut

Published 08 Oct, 2018 12:00am

Mutual Funds

Investors save billions as funds cut fees, fight for market share

US investors will save billions annually in mutual fund fees as money managers keep chopping them in a widening war for market share. Boston-based Fidelity Investments rocked the industry this summer by offering no-fee index funds. Some analysts see a fut

Published 08 Oct, 2018 12:00am

Currency

Britain cements role as leading hub for offshore yuan trading

Britain has retained its position as the biggest hub for offshore trading of China's renminbi currency, according to a report published on Wednesday, with transacted volumes reaching a record high in 2018. Daily traded volumes of the offshore yuan in Lond

Published 08 Oct, 2018 12:00am

Crown seen leading CEE FX gains

The Czech crown could lead a firming of Central Europe's most liquid currencies in the coming year, driven by likely further interest rate hikes by the Czech central bank, a Reuters poll of 42 analysts showed. The median forecast in the September 28-Octob

Published 08 Oct, 2018 12:00am

Drake and Scull jumps in Dubai, outperforming weak Gulf markets

Gulf markets opened in negative territory on Sunday mirroring a slump in global stocks late last week. In Dubai the index shed 0.2 percent in early trade, but contractor Drake and Scull International (DSI) outperformed, jumping 7.3 percent to 0.44 dirhams

Published 08 Oct, 2018 12:00am

Currency

Canadian dollar to rally

The Canadian dollar will rally over the coming year, according to currency strategists in a Reuters poll who raised their forecasts for the currency as a deal to revamp the North American Free Trade Agreement reduced economic uncertainty. The loonie has r

Published 08 Oct, 2018 12:00am

Currency

FX trading volumes drop 12 percent

Average daily trading volumes of currencies in September fell 12 percent compared to the previous year, NEX Group said on Tuesday, after an uptick in tensions over global trade that rattled forex markets. NEX, which runs one of the largest FX trading plat

Published 08 Oct, 2018 12:00am

Currency

Euro weakness to be limited; dollar to be dethroned next year

The euro will withstand the latest political turmoil in Italy and any short-term spill will be limited, but it may be another six months before the dominant dollar trade is swept aside, according to a Reuters poll of currency strategists. After its best r

Published 08 Oct, 2018 12:00am

Currency

Investors pile into emerging markets at fastest pace since April

Investors pumped money into emerging market equities and debt at the fastest rate since April, while government bonds sold off and Italian funds suffered "huge redemptions", a Bank of America Merrill Lynch analysis of EPFR data showed on Friday.

Published 08 Oct, 2018 12:00am

Currency

Investors pile into emerging markets at fastest pace since April

Investors pumped money into emerging market equities and debt at the fastest rate since April, while government bonds sold off and Italian funds suffered "huge redemptions", a Bank of America Merrill Lynch analysis of EPFR data showed on Friday.

Published 08 Oct, 2018 12:00am

Wall Street week ahead: are transportation stocks the market's canary in a coal mine?

The US transportation sector, which many see as a proxy indicator of the economy's health, has retreated 3.1 percent from its September 14 record, hinting to some analysts that the longest bull market on record has entered its late stages. Railways, freig

Published 08 Oct, 2018 12:00am

Del Potro suffers shock Beijing final defeat

Juan Martin del Potro suffered a shock defeat in the China Open final on Sunday, losing 6-4, 6-4 to unseeded Nikoloz Basilashvili of Georgia. The Argentine top seed has been suffering with a cold in Beijing, but it was not immediately clear how much that

Published 08 Oct, 2018 12:00am

Mo Farah wins Chicago Marathon men's title

British athletics star Mo Farah won the Chicago Marathon men's title on Sunday in an unofficial time of 2hr 5min 11sec, shattering a European record with a spectacular finishing surge. The world and Olympic 5,000 and 10,000-meter champion became the first

Published 08 Oct, 2018 12:00am

Medvedev stuns Nishikori to win Japan Open

Kei Nishikori's hopes of a third Japan Open crown were dashed Sunday by Russian qualifier Daniil Medvedev, who crushed the local hero 6-2, 6-4 to play party-pooper. Medvedev punched well above his world ranking of 32 and overpowered third seed Nishikori i

Published 08 Oct, 2018 12:00am

NBP win CNS hockey tournament

The National Bank of Pakistan (NBP) has won the Chief of Naval Staff Hockey Tournament after beating WAPDA in a penalty shoot-out after a 4-4 draw in stipulated period, here at the National Hockey Stadium on Sunday.

Published 08 Oct, 2018 12:00am

KP swimmer sets 100m back stroke record

Muhammad Ahmad Durrani of Khyber Pakhtunkhwa created another new national record in the 100m back stroke by crossing the distance in 15.63sec in the ongoing 23rd National Junior Swimming Championship being played here at Adil Khan Swimming Pool on Sunday.

Published 08 Oct, 2018 12:00am

Ton-up Hafeez helps Pakistan dominate

Opener Mohammad Hafeez celebrated his recall with an impressive century as Pakistan dominated the opening day of the first Test against Australia in Dubai on Sunday. Pakistan were 255-3 at the close of play, with Haris Sohail unbeaten on 15 and nightwatch

Published 08 Oct, 2018 12:00am

At least 12 dead in Haiti earthquake

A 5.9-magnitude earthquake struck off the northwest coast of Haiti late Saturday, killing at least 12 people, injuring more than 130 others and damaging homes in the poverty-stricken Caribbean nation, authorities said. The epicenter of the quake was locat

Published 08 Oct, 2018 12:00am

Cameroon polls rocked by deadly violence, security fears

Cameroon voted on Sunday in a presidential election marked by deadly violence in the country's English-speaking regions and the cancellation of voting in at least one affected area over security fears.

Published 08 Oct, 2018 12:00am

British musicians urge PM to reverse course on Brexit

British musicians including Ed Sheeran and Rita Ora wrote an open letter Sunday to Prime Minister Theresa May warning that Brexit is "serious madness" and threatens "every aspect of the music industry". The letter, organised by Bob Geldof and backed by do

Published 08 Oct, 2018 12:00am

Kim, Pompeo agree to second US-North Korea summit

Kim Jong Un has agreed to hold a second summit with US President Donald Trump as soon as possible, Seoul said Sunday, after Washington's top diplomat held "productive" talks on denuclearisation with the North Korean leader in Pyongyang. US Secretary of St

Published 08 Oct, 2018 12:00am

Bosnians vote for leaders of fragmented nation

Bosnians voted Sunday for leaders of their poor and splintered nation, where politicians are still fanning the divisive nationalism that fuelled its 1990s war. The Balkan country remains a patchwork of ethnic enclaves, with power formally divided among it

Published 08 Oct, 2018 12:00am

Three dead, 15 injured after China knife attack

Three are dead in China after a man fleeing the scene of a stabbing drove into a crowd and attacked onlookers, police said Sunday. The 42-year-old man surnamed Wang got into a dispute with a companion after an afternoon of drinking and karaoke in the east

Published 08 Oct, 2018 12:00am

Six held, 13 stolen bikes recovered

Islamabad Saddar Zone police have arrested six motorbike lifters from different areas of Tarnol, Ramna and Shalimar Police stations and have recovered 13 motorbikes from their possession in last 10 days, a police spokesman said on Sunday.

Published 08 Oct, 2018 12:00am

Over 80 eateries fined for flouting food laws

In a province-wide operation against unhygienic and substandard breakfast food points, the Punjab Food Authority enforcement teams have visited as many as 269 food points and penalized 83 Food Business Operators (FBOs) with heavy fine tickets here on Sund

Published 08 Oct, 2018 12:00am

Rs 8.7 billion UAF budget okayed by syndicate

The University of Agriculture Faisalabad Syndicate has approved the budget of Rs 8.7 billion for the financial year 2018-19. The 311th meeting of Syndicate was presided over by UAF vice chancellor Dr Zafar Iqbal Randhawa. Under Rs 8.7 billion budget, as m

Published 08 Oct, 2018 12:00am

Illegal marriage halls demolished in North Nazimabad

The Karachi Development Authority (KDA) on Sunday demolished three illegal marriage halls constructed on the government land in North Nazimabad area of the metropolis. KDA's Estate and Enforcement squad using heavy machinery demolished Florence Garden Mar

Published 08 Oct, 2018 12:00am

PM striving hard to overcome ills of economy: Aleem

Senior Minister Punjab Abdul Aleem Khan has said that Nawaz league has broke all the record of the history of Pakistan and took 38 $ billions' debt in five years. He added that up to 1999 there was only Rs 34 $ billions' loans and in Musharaf regime 4 bil

Published 08 Oct, 2018 12:00am

'IT sector has the potential to fix the budget and external deficit' an interview with Munawar Abdullah, CEO ImpTrax, USA

BR Research recently interviewed Munawar Abdullah, a successful investor, mentor and a technologist from Pakistan based in USA; and with two decades of entrepreneurial experience is transforming dozens of companies and ventures through his visionary trans

Published 08 Oct, 2018 12:00am

'IT sector has the potential to fix the budget and external deficit' an interview with Munawar Abdullah, CEO ImpTrax, USA

BR Research recently interviewed Munawar Abdullah, a successful investor, mentor and a technologist from Pakistan based in USA; and with two decades of entrepreneurial experience is transforming dozens of companies and ventures through his visionary trans

Published 08 Oct, 2018 12:00am

Swabi to have child & women hospital: NA speaker

Speaker National Assembly, Asad Qaisar has announced establishment of Women and Children Hospital in Swabi and said that all the modern facilities would be ensured in the facility. He was addressing the oath taking ceremony of Para medics in Bacha Khan Me

Published 08 Oct, 2018 12:00am

DMC head inspects ongoing development work in Lyari

Chairman DMC-South Malik Muhammad Fayyaz said on Sunday that development works underway without any discrimination in all parts of district south. Inspecting the road carpeting in Chaachhi Street, UC-12 Singo Lane, Lyari, he said the administration of DMC

Published 08 Oct, 2018 12:00am

PML-N CEC meets October 8

The meeting of PML-N Central Executive Committee is to be held today at Jati Umra to devise future strategy over arrest of party president Shahbaz Sharif by NAB in Ashiyana Housing scam case. Ousted prime minister Nawaz Sharif who has decided to play an a

Published 08 Oct, 2018 12:00am

33 US universities participating in College Fair

To promote higher education opportunities for Pakistani students, representatives of 33 US universities travelled to Karachi this week to host the biggest US College Fair in Pakistan from October 7-8. The 13th biannual South Asia Tour provided thousands o

Published 08 Oct, 2018 12:00am

Provinces be given control over their resources: Sherpao

Qaumi Watan Party (QWP) Chairman Aftab Ahmad Khan Sherpao said the federation cannot be strengthened without making the provinces stronger. He underlined the need for a new social contract to consolidate the federation and give rights to the federating un

Published 08 Oct, 2018 12:00am

CM reviews uplift plans of South Punjab's remote areas

Chief Minister Sardar Usman Buzdar presided over a high-level meeting here on Sunday to review the development programme of the under-developed areas of south Punjab and to discuss projects to be undertaken in the current fiscal budget for welfare of the

Published 08 Oct, 2018 12:00am

Gas, electric prices: APTPMA chief hails Ogra's notification

All Pakistan Textile Processing Mills Association (APTPMA) thanked Federal Finance Minister Asad Umar and State Minister for Revenue M Hammad Azhar on issuance of notification by OGRA regarding system gas price @ Rs 600 per MMBTU in all over Pakistan, ann

Published 08 Oct, 2018 12:00am

Workshop for 55 surgical firms held

Market Driven Development of Surgical Cluster Sialkot under Punjab Cluster Development Initiative (CDI) supported by United Nations Industrial Development Organization (UNIDO) and Punjab Small Industries Corporation (PSIC) in collaboration with Surgical I

Published 08 Oct, 2018 12:00am

PRGMEA team leaves for Netherlands to attend international fashion event

A ten member delegation of Pakistan Readymade Garments Manufactures and Exporters Association (PRGMEA) left for Netherlands on Saturday to attend 34th IAF World Fashion Convention, disclosed PRGMEA chief coordinator Ijaz A. Khokhar prior departure. Talkin

Published 08 Oct, 2018 12:00am

Waqar Nasir elected chief PYMA

Waqar Nasir and Muhammad Saqib have been elected as Central Chairman and Zonal Chairman of Pakistan Yarn Merchants Association (PYMA) for the year 2018-19 respectively. Others who have been elected include Saqib Naseem as Senior Vice Chairman, Sohail Nasi

Published 08 Oct, 2018 12:00am

UK invites applications for prestigious scholarship

Professionals from across Pakistan are urged to apply for the UK Government's prestigious Chevening Scholarship, by the Acting British High Commissioner Richard Crowder. Chevening Scholarships are awarded to individuals who demonstrate leadership potentia

Published 08 Oct, 2018 12:00am

Gwadar Port: over 2,000 jobs offered to locals: Zhong

Chief of the China overseas port holding company that is now running the port has informed that it has taken the locals onboard and offered more than 2,000 jobs including a majority of the senior positions to local people since its operation in Gwadar.

Published 08 Oct, 2018 12:00am

Clean & Green Punjab: 174 immovable structures removed

Under the Punjab Government "Clean & Green Punjab Program" 174 immovable structures have been removed while huge quantity of movable structures have been lifted during the joint operation against the encroachments by district administration and Municipal

Published 08 Oct, 2018 12:00am

Over 40 illegal structures demolished in Peshawar

District administration more than 40 constructions including shops, houses and markets during anti-encroachment drive in Sardar Colony, Charsadda Road on Sunday. On the directives of the Deputy Commissioner (DC), Peshawar, Dr Imran Hamid Sheikh the anti-e

Published 08 Oct, 2018 12:00am

Hashim Niazi appointed Afghan CG in Peshawar

Afghanistan Foreign Ministry appointed Muhammad Hashim Niazi as a new Afghan Consul General (CG) in Peshawar on Sunday. Sources said that Muhammad Hashim Niazi has termed his appointment in Peshawar an important decision to help Afghan national and refuge

Published 08 Oct, 2018 12:00am

FPCCI ex-VP concerned at ignoring SME sector in CBL

Federation of Pakistan Chamber of Commerce and Industry (FPCCI) Former vice president Mohammad Adnan Jalil has welcomed the constitution of Council of Business Leaders (CBL) by the Prime Minister Imran Khan, but expressed concern over the ignoring of SME

Published 08 Oct, 2018 12:00am

SC to hear petition against Sindh CM's disqualification today

The Supreme Court will take up on Monday (today)an appeal challenging the Sindh High Court ruling that rejected a petition seeking disqualification of Sindh Chief Minister Murad Ali Shah for allegedly failing to disclose his dual nationality.

Published 08 Oct, 2018 12:00am

Issue of blocked CNICs of KP residents to be taken up with PM: MNA

Pakistan Tehreek-i-Insaf (PTI) MNA Haji Shuakat Ali said that the issue of block computerized national identity cards (CNICs) of people belonging to Khyber Pakhtunkhwa and Peshawar would be taken up with Prime Minister Imran, State Minister and Chairman N

Published 08 Oct, 2018 12:00am

Prices of kitchen items slightly up

Prices of vegetable, pulses, chicken meat, flour and others have witnessed a slight increase in the retail market, said in a survey conducted by Business Recorder here on Sunday. The upward trend in price of chicken meat has continued in retail mar

Published 08 Oct, 2018 12:00am

Nishat Linen joins hands with NGO working on healthcare facilities

The renowned clothing brand, Nishat Linen Private Limited, has joined hands with Pink Ribbon Pakistan, a non-governmental organization working on Breast Cancer awareness and healthcare facilities, in their PINKtober 2018 campaign which hinges around raisi

Published 08 Oct, 2018 12:00am

Climate change top priority in government's 100-day plan: Ishrat

Advisor to Prime Minister on Institutional Reforms Dr Ishrat Hussain on Sunday said that climate change has been given high priority in the government 100 days plan. Speaking at the EU and WWF-Pakistan 'Climate Diplomacy Day', he said that population is a

Published 08 Oct, 2018 12:00am

'PTI government's 100-day plan'

Business Recorder op-ed writer Farhat Ali has done this government a great favour. Based on his life-long experience he has suggested to the PTI government ways and means to fix the country's economy in a meaningful but honest manner. Insofar his p

Published 08 Oct, 2018 12:00am

IMF gathers in quake-battered Indonesia to focus on global economic tremors

Rising protectionism, vulnerable emerging markets and record debt levels: The IMF holds its annual meeting this week in earthquake-stricken Indonesia, as it shines a light on tremors in the global economy. Finance ministers and central bankers from 180 na

Published 08 Oct, 2018 12:00am

In search of morality

Bureaucracy as a word has almost become a euphemism for an abuse. The picture in one's mind is of a blockage to progress and development, a lax and incompetent individual or office, a slow and status quo culture. This image may have many universal affirma

Published 08 Oct, 2018 12:00am

Currency

Of this and that!

Pakistan hosted two foreign missions this week past - one, an operational mission sent by the Saudi government to determine areas of possible investment in Pakistan as agreed during Prime Minister Imran Khan's two-day visit to the Kingdom on 18 September

Published 08 Oct, 2018 12:00am

Embarrassed beyond words

Pakistani bureaucracy has been variously accused of being highly politicized, of exercising nepotism through using their influence with members of the executive to appoint their batch mates at key positions, irrespective of merit or appropriate qualificat

Published 08 Oct, 2018 12:00am

Call for austerity

Prime Minister Imran Khan in an individually signed letter exhorted governors, chief ministers and ministers to adopt a simple lifestyle given the country's total debt of 30 trillion rupees requiring setting aside 6 billion rupees as daily interest paymen

Published 08 Oct, 2018 12:00am

Indian actress takes MeToo claims to police

The Indian actress whose public allegations of sexual harassment by a Bollywood star is sparking a string of similar MeToo claims has filed a formal complaint, police told AFP Sunday. Former Miss Universe contestant Tanushree Dutta first alleged in 2008 t

Published 08 Oct, 2018 12:00am

Indian actress takes MeToo claims to police

The Indian actress whose public allegations of sexual harassment by a Bollywood star is sparking a string of similar MeToo claims has filed a formal complaint, police told AFP Sunday. Former Miss Universe contestant Tanushree Dutta first alleged in 2008 t

Published 08 Oct, 2018 12:00am

Kavanaugh sworn in at US SC after divisive fight

Conservative US judge Brett Kavanaugh was confirmed to the Supreme Court Saturday by a razor-thin margin in the Senate, ending months of partisan rancor over his nomination and offering Donald Trump one of the biggest victories of his presidency. Kavanaug

Published 08 Oct, 2018 12:00am

Kavanaugh sworn in at US SC after divisive fight

Conservative US judge Brett Kavanaugh was confirmed to the Supreme Court Saturday by a razor-thin margin in the Senate, ending months of partisan rancor over his nomination and offering Donald Trump one of the biggest victories of his presidency. Kavanaug

Published 08 Oct, 2018 12:00am

Online income tax return: form contains some computational errors: expert

Online income tax return devised by Federal Board of Revenue (FBR) for tax year 2018 contains an erroneous formula, grossly understating the tax liability for category of taxpayers having portion of income liable to tax under minimum tax regime (MTR).

Published 08 Oct, 2018 12:00am

Online income tax return: form contains some computational errors: expert

Online income tax return devised by Federal Board of Revenue (FBR) for tax year 2018 contains an erroneous formula, grossly understating the tax liability for category of taxpayers having portion of income liable to tax under minimum tax regime (MTR).

Published 08 Oct, 2018 12:00am

Online income tax return: form contains some computational errors: expert

Online income tax return devised by Federal Board of Revenue (FBR) for tax year 2018 contains an erroneous formula, grossly understating the tax liability for category of taxpayers having portion of income liable to tax under minimum tax regime (MTR).

Published 08 Oct, 2018 12:00am

20 killed in New York state car crash

Twenty people have been killed in a car crash in the US state of New York, police confirmed Sunday, with local media reporting that one of vehicles slammed into a crowd of pedestrians at a country store.

Published 08 Oct, 2018 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 22	277.85
USD PKR Interbank Buying / Nov 22	277.65
USD to Japanese Yen / Nov 23	154.78
USD to Swiss Franc / Nov 23	0.89
Pound Sterling to USD / Nov 23	1.25
Euro to USD / Nov 23	1.04

Stock	Volume
S&P 500 / Nov 22	5,969.34
India Sensex / Nov 22	79,117.11
Tokyo Nikkei / Nov 22	38,283.85
Nasdaq / Nov 22	18,003.65
Hang Seng / Nov 22	19,229.97
FTSE 100 / Nov 22	8,262.08
Dow Jones / Nov 22	44,296.51
Germany DAX 30 / Nov 22	19,322.59

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 22	17,785
Gold 10 Grams PKR / Nov 22	240,483
Crude Oil USD/Barrel / Nov 23	71.24
Gold Spot USD/Ounce / Nov 23	2,716.19
Cotton US¢/pound / Nov 23	70.77
Petrol/Litre / Nov 24	248.38

Stock	Price
786 Invest Ltd / Nov 24 786 Investments Limited(786)	6.82 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 24 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▼ 0.00 (0.00%)
Agro Allianz / Nov 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 24 Ali Asghar Textile Mills Limited(AATM)	70.89 ▼ 0.00 (0.00%)
Allied Bank / Nov 24 Allied Bank Limited(ABL)	120.21 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 24 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▼ 0.00 (0.00%)
Abson Ind. / Nov 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 24 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 24 786 Investments Limited(786)	6.82 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 24 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▲ 0.00 (0.00%)
Agro Allianz / Nov 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 24 Ali Asghar Textile Mills Limited(AATM)	70.89 ▲ 0.00 (0.00%)
Allied Bank / Nov 24 Allied Bank Limited(ABL)	120.21 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 24 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▲ 0.00 (0.00%)
Abson Ind. / Nov 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 24 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 24 Worldcall Telecom Limited(WTL)	177,135,830 ▲ 0.00
K-Electric Ltd. / Nov 24 K-Electric Limited(KEL)	124,131,268 ▲ 0.00
Hascol Petrol / Nov 24 Hascol Petroleum Limited(HASCOL)	105,013,176 ▲ 0.00
Fauji Foods Ltd / Nov 24 Fauji Foods Limited(FFL)	77,697,371 ▲ 0.00
Treet Battery / Nov 24 Treet Battery Limited(TBL)	43,783,366 ▲ 0.00
B.O.Punjab / Nov 24 The Bank of Punjab(BOP)	36,573,763 ▲ 0.00
Sui South Gas / Nov 24 Sui Southern Gas Company Limited(SSGC)	32,719,678 ▲ 0.00
PIA Holding Co.Ltd / Nov 24 PIA Holding Company Limited(PIAHCLA)	27,969,689 ▲ 0.00
Cnergyico PK / Nov 24 Cnergyico PK Limited(CNERGY)	25,874,820 ▲ 0.00

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