News Archives for Print - 2018-12-17

The Weather

The weather report on Sunday (December 16, 2018) and the forecast for Monday (December 17, 2018).

Published 17 Dec, 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 17 Dec, 2018 12:00am

Currency

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (December 10 to 14, 2018).

Published 17 Dec, 2018 12:00am

Cotton

PENNA Overseas Corporation: Manufacturer, exporter and importer of martial arts uniforms, boxing products

The word "PENNA" represents Pakistan's most professional and committed manufacturer & exporter of Martial Arts Uniforms & Boxing Products. PENNA Overseas Corporation was established by Mr. Mirza Atta Ullah (father of Mr. Tahir Saleem Mirza) in 1970. Later

Published 17 Dec, 2018 12:00am

Unicol ranked amongst the top 100 exporters of Pakistan in 2018

Incorporated on November 25, 2003 Unicol Limited is a Public limited unlisted company having equal shareholding between Faran Sugar Mills Limited, Mehran Sugar Mills Limited and Mirpurkhas Sugar Mills Limited. All three sponsor companies are listed at the

Published 17 Dec, 2018 12:00am

President FPCCI

I am pleased to present the FPCCI Export Awards Souvenir on the occasion of 42nd FPCCI Export Awards Ceremony. The FPCCI has regularly been organizing Export Awards since 1976. The FPCCI Export Awards is an acknowledgement of the excellent performance of

Published 17 Dec, 2018 12:00am

Message from Advisor to the Prime Minister on Commerce, Textile, Industries & Production and Investment

I am pleased to know that following its past tradition, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) is organizing the 42nd Export Trophy Awards, 2018 to confer awards to the leading exporter of Pakistan in recognition of their exc

Published 17 Dec, 2018 12:00am

Message from Federal Minister for Finance, Revenue & Economic Affairs

I am pleased to know that the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) is organizing its annual Exports Awards ceremony in recognition of the services of Pakistani exporters, and also bringing out an Export Trophy souvenir on the o

Published 17 Dec, 2018 12:00am

Message from President of the Islamic Republic of Pakistan

It gives me enormous pleasure to learn that in keeping with its past practice, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) is organizing the 42nd edition of their annual Export Trophy Awards ceremony this year. In order to honour

Published 17 Dec, 2018 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 17 Dec, 2018 12:00am

Arctic's record warming driving 'broad change' in environment: study

Global warming is heating the Arctic at a record pace, driving broad environmental changes across the planet, including extreme storms in the mid-latitudes, a major US scientific report said on Tuesday. Persistent heat records have rattled the fragile Arc

Published 17 Dec, 2018 12:00am

Cotton

Oceans of garbage prompt war on plastics

Faced with images of turtles smothered by plastic bags, beaches carpeted with garbage and islands of trash floating in the oceans, environmentalists say the world is waking up to the need to tackle plastic pollution at the source. Stories on social media

Published 17 Dec, 2018 12:00am

Scientists to test tailor-made vaccine tech to fight epidemics

A global coalition set up to fight disease epidemics is investing up to $8.4 million to develop a synthetic vaccine system that could be tailor-made to fight multiple pathogens such as flu, Ebola, Marburg and Rabies. The deal, between the Coalition for Ep

Published 17 Dec, 2018 12:00am

Japan plans tighter regulation of tech giants

Japan is planning to tighten regulation of tech giants like Google and Facebook after an expert panel called for better oversight on competition and privacy, an official said Thursday. Japan has followed in the footsteps of other countries in scrutinising

Published 17 Dec, 2018 12:00am

Vingroup launches first smartphones

Vietnam's largest private conglomerate Vingroup unveiled its first made-in-Vietnam mobile phones on Friday in the fast-growing country where it will face tough competition from tech giants like Samsung, Oppo and Apple. The company, run by Vietnam's riches

Published 17 Dec, 2018 12:00am

FLIR Systems launches three cooled neutrino family thermal camera cores

FLIR Systems, Inc on December 13 announced three Neutrino (tm) midwave infrared (MWIR) camera cores: the small, lightweight FLIR Neutrino LC and two FLIR Neutrino Performance series cores, the SX12 and QX. The latest models expand the FLIR Neutrino cooled

Published 17 Dec, 2018 12:00am

Mobile industry may add $565 billion to global GDP by unlocking 5G spectrum: GSMA report

Unlocking spectrum for the mobile industry to deliver innovative 5G services across different industry sectors could add $565 billion to global GDP and $152 billion in tax revenue from 2020 to 2034, according to a new report launched December 12 by the GS

Published 17 Dec, 2018 12:00am

Russia still a headache for Germany's Metro

Shares in German wholesaler Metro tumbled on Thursday after it said its struggling Russian business would weigh on profits again in the 2018/19 financial year. Metro has been restructuring its Russian business since poor performance at the unit forced it

Published 17 Dec, 2018 12:00am

Washington takes centre stage in bank branch battles

J P.Morgan Chase & Co has made a splash this year in Washington, D.C. opening branches for the first time in the nation's capital. Smaller branches, ATM kiosks and mobile phone apps are allowing the bank to go into markets more quickly and for less money

Published 17 Dec, 2018 12:00am

Japan's SMFG names finance chief Ota as new CEO

Sumitomo Mitsui Financial Group Inc (SMFG) on Friday named finance head Jun Ota as chief executive, at a time when Japan's third-largest bank draws growing attention for possible merger-and-acquisition activity given a buildup of cash. Ota, 60, has widely

Published 17 Dec, 2018 12:00am

Sharjah government to take stake in struggling Invest Bank

The government of the United Arab Emirate of Sharjah will take a majority stake in struggling Invest Bank, the lender said on Friday, in a move it said would help ensure its future growth. Invest, one of the smaller banks in the UAE, has been hit by recen

Published 17 Dec, 2018 12:00am

Cosco plans $200 million Abu Dhabi container terminal expansion

China's Cosco Shipping Ports Ltd plans to expand its container terminal in Abu Dhabi in the next three to five years with an investment of $200 million as more Chinese companies set up in the emirate, its vice-chairman and managing director said. Cosco's

Published 17 Dec, 2018 12:00am

Standard Chartered cuts jobs in UAE retail bank

Standard Chartered is cutting jobs in its retail bank in the United Arab Emirates, in part as more customers move to digital services, people familiar with the matter told Reuters. The bank has also reduced headcount within other sectors of the bank, incl

Published 17 Dec, 2018 12:00am

Currency

Zara owner Inditex misses sales, profit forecasts

Zara owner Inditex missed sales and profit forecasts on Wednesday, hit by adverse currency moves and an unusually warm September, leading investors to wipe more than $5 billion off the fashion retailer's market value at one stage. The Spanish group, which

Published 17 Dec, 2018 12:00am

Currency

Zara owner Inditex misses sales, profit forecasts

Zara owner Inditex missed sales and profit forecasts on Wednesday, hit by adverse currency moves and an unusually warm September, leading investors to wipe more than $5 billion off the fashion retailer's market value at one stage. The Spanish group, which

Published 17 Dec, 2018 12:00am

ABB, Hitachi close in on power grids deal

ABB is in talks with Japan's Hitachi about the Swiss engineering group's power grid business, which it may sell to focus on more profitable divisions. ABB has been in talks with Hitachi, Mitsubishi Electric Corp and State Grid of China to sell all or part

Published 17 Dec, 2018 12:00am

SoftBank aims to raise $23 billion on Japan mobile unit IPO

Telecoms giant and technology investor SoftBank Group aims to raise over $23 billion by listing its Japanese mobile unit next week in one of the biggest tech IPOs in years. In a statement, the group confirmed on Monday it had formally decided to offer 1.7

Published 17 Dec, 2018 12:00am

SoftBank aims to raise $23 billion on Japan mobile unit IPO

Telecoms giant and technology investor SoftBank Group aims to raise over $23 billion by listing its Japanese mobile unit next week in one of the biggest tech IPOs in years. In a statement, the group confirmed on Monday it had formally decided to offer 1.7

Published 17 Dec, 2018 12:00am

Currency

Iran engineers rial recovery as it defies US sanctions

Iran is intervening in the foreign exchange market and threatening speculators to engineer a dramatic recovery of its rial currency, easing pressure on the oil-exporting economy as Tehran defies renewed US sanctions. The rial jumped to 105,500 against the

Published 17 Dec, 2018 12:00am

Tencent Music debut strikes a chord with investors

Shares of China-based music streaming company Tencent Music Entertainment Group rose in their US debut on Wednesday, as investors shrugged off volatile markets to grab a piece of the fast-growing music streaming industry. The company's shares opened at $1

Published 17 Dec, 2018 12:00am

Tencent Music debut strikes a chord with investors

Shares of China-based music streaming company Tencent Music Entertainment Group rose in their US debut on Wednesday, as investors shrugged off volatile markets to grab a piece of the fast-growing music streaming industry. The company's shares opened at $1

Published 17 Dec, 2018 12:00am

Currency

Aussie, NZ dollars seen ticking higher

Foreign exchange analysts expect the Australian and New Zealand dollars to rebound next year, a Reuters poll showed, even as fears of a global slowdown loom over the battered currencies. A Reuters survey of up to 45 analysts saw median predictions for the

Published 17 Dec, 2018 12:00am

Qatar gains on QAMCO debut, most Gulf markets fall

Gulf shares ended mostly lower on Sunday, hurt by a fall in global markets on Friday, but Qatar shares bucked the trend after a successful debut of Qatar Aluminium Manufacturing Co (QAMCO). Qatar shares closed 0.4 percent higher as shares of QAMCO opened

Published 17 Dec, 2018 12:00am

Currency

Egypt intends at least two forex bond issues

Egypt is aiming for at least two foreign currency bond issues in the first quarter of 2019, the finance minister said on Monday. Finance Minister Mohamed Maait declined to say exactly how much Egypt was seeking to raise. Previously, he had said the target

Published 17 Dec, 2018 12:00am

Currency

Egypt intends at least two forex bond issues

Egypt is aiming for at least two foreign currency bond issues in the first quarter of 2019, the finance minister said on Monday. Finance Minister Mohamed Maait declined to say exactly how much Egypt was seeking to raise. Previously, he had said the target

Published 17 Dec, 2018 12:00am

Currency

China money rates rise

China's primary money rates rose across the board for the week, driven by a combination of the central bank's reluctance to inject fresh funds into the banking system and a scramble for cash into year-end. Friday marked an unprecedented 36th straight trad

Published 17 Dec, 2018 12:00am

Japan plans to cut JGB issuance for 6th straight year

Japan plans to trim its annual government bond issuance by 3.6 percent during the financial year beginning April 1, sources with direct knowledge of the plans told Reuters on Sunday, as part of government efforts to curb public borrowing. Japan's Finance

Published 17 Dec, 2018 12:00am

Japan plans to cut JGB issuance for 6th straight year

Japan plans to trim its annual government bond issuance by 3.6 percent during the financial year beginning April 1, sources with direct knowledge of the plans told Reuters on Sunday, as part of government efforts to curb public borrowing. Japan's Finance

Published 17 Dec, 2018 12:00am

Currency

Dollar's unrivalled surge this year will reverse in 2019

The dollar, which has enjoyed an unrivalled surge against its peers this year, will be undermined in 2019 on increasing concerns about slowing US economic growth, a Reuters poll of foreign exchange strategists showed. While the greenback is all set to end

Published 17 Dec, 2018 12:00am

Currency

Foreign investors cut China treasuries in November

Offshore investors reduced their holdings of Chinese government bonds in November, data from China's primary bond clearing house showed on Wednesday, as a fluctuating yuan and falling yields reduced their attractiveness as an investment.

Published 17 Dec, 2018 12:00am

Currency

Foreign investors cut China treasuries in November

Offshore investors reduced their holdings of Chinese government bonds in November, data from China's primary bond clearing house showed on Wednesday, as a fluctuating yuan and falling yields reduced their attractiveness as an investment.

Published 17 Dec, 2018 12:00am

Wall Street week ahead: Wall Street looks to Fed outlook for early Christmas gift

Investors are eager for a touch of Christmas cheer from the US Federal Reserve next week, hoping for signs the central bank may ease up on interest rate hikes next year and spark a Santa Claus rally. US stocks are having their worst December performance i

Published 17 Dec, 2018 12:00am

US Fed to hike again but hints at pause in 2019

The US Federal Reserve is likely to raise interest rates in the coming week but policymakers have begun to signal they may take it a bit slower in 2019. Waning growth, a trade war, tame inflation and an increasingly scary geopolitical scene mean the centr

Published 17 Dec, 2018 12:00am

Thousands of Hungarians protest against Orban's rule

Around 10,000 Hungarians protested in Budapest on Sunday against a new labour law and what they see as the increasingly authoritarian rule of right-wing nationalist Prime Minister Viktor Orban. Sunday's protest, called "Merry Xmas Mr. Prime Minister" by o

Published 17 Dec, 2018 12:00am

Saudi telecom operators agree annual royalty fees

Telecommunica-tions operators Saudi Telecom Co (STC), Etihad Etisalat (Mobily) and Zain Saudi Arabia said on Sunday that they had agreed with the government to a change in the calculation of their annual royalty fees. The companies also said they had reac

Published 17 Dec, 2018 12:00am

Qatar Petroleum to invest $20 billion in US in major expansion

Qatar Petroleum (QP) is looking to invest at least $20 billion in the United States over the coming few years, its chief executive told Reuters, after the Gulf Arab state unexpectedly quit Opec this month. Saad al-Kaabi, who holds the energy portfolio of

Published 17 Dec, 2018 12:00am

Oman signs exploration agreements with Occidental Petroleum

Oman signed on Sunday two agreements giving a unit of Occidental Petroleum the rights to explore for oil and natural gas in concessions 51 and 65, the oil ministry of the sultanate said in a tweet. Oil Minister Mohammed bin Hamad al-Rumhi signed the agree

Published 17 Dec, 2018 12:00am

Thousands protest in Turkey against cost of living

Thousands of people turned out to protest the rising cost of living in Turkey at a demonstration in Diyarbakir in the southeast of the country, an AFP journalist reported. There was a significant police presence in the Kurd-majority region for the march,

Published 17 Dec, 2018 12:00am

Nord Stream 2 can be justified if Ukraine's interests safeguarded

Germany's economy minister said he believed the Russian-backed Nord Stream 2 pipeline can go ahead while preserving Ukraine's vital interests, but that Berlin is also in talks to diversify its energy supply with liquefied natural gas. US President Donald

Published 17 Dec, 2018 12:00am

Indonesia, EFTA sign long delayed free trade deal

Indonesia on Sunday signed an economic agreement with the European Free Trade Association (EFTA) aimed at increasing trade and investment, concluding almost eight years of negotiations. Under the deal, tariffs and non-tariff barriers would be eliminated f

Published 17 Dec, 2018 12:00am

Finland cuts debt for the first time in decade

Finland has cancelled planned bond auctions for the remainder of the year and is on course to cut debt in 2018 for the first time in a decade, the finance ministry said on Sunday. Government debt was previously expected to increase by 1.3 billion euros th

Published 17 Dec, 2018 12:00am

Finland cuts debt for the first time in decade

Finland has cancelled planned bond auctions for the remainder of the year and is on course to cut debt in 2018 for the first time in a decade, the finance ministry said on Sunday. Government debt was previously expected to increase by 1.3 billion euros th

Published 17 Dec, 2018 12:00am

Indian court allows Vedanta to reopen controversial plant

An Indian copper smelter at the centre of a police shooting that left 13 protesters dead has been granted permission to reopen by the country's environmental court. The Sterlite plant, owned by British mining giant Vedanta Resources, was closed after the

Published 17 Dec, 2018 12:00am

Germany to tighten rules on foreign takeovers

Germany plans to toughen rules on non-EU share purchases and acquisitions of its strategic companies, a report said Sunday, amid growing disquiet about takeovers by Chinese firms. Chancellor Angela Merkel's cabinet plans to approve the law change on Wedne

Published 17 Dec, 2018 12:00am

Symonds reveals Singh's emotional apology

Indian spinner Harbhajan Singh "broke down crying" when he finally made up with Andrew Symonds after the infamous "monkeygate" scandal had sent the Australian all-rounder into a downward spiral, he revealed Sunday. A decade on from the ugly incident in th

Published 17 Dec, 2018 12:00am

Latham puts New Zealand in charge

Opener Tom Latham's unbeaten century put New Zealand in charge of the first Test against Sri Lanka in Wellington on Sunday, as the Black Caps raced past the tourists' first-innings total and looked to build an imposing lead. Latham was 121 not out at stum

Published 17 Dec, 2018 12:00am

Australia battle to build lead of 175 over India

Australia's batsmen battled a deteriorating pitch in their bid to build a match-winning lead on the third day of the second Test in Perth on Sunday. The hosts led by 43 after both teams' first innings despite a superb Virat Kohli century, but found battin

Published 17 Dec, 2018 12:00am

Badminton gold at last for 'proud' Sindhu, Shi stuns Momota

An emotional P.V. Sindhu finally got her hands on gold at badminton's season-ending World Tour Finals on Sunday while in the men's decider China's Shi Yuqi exacted stunning revenge over number one Kento Momota. The 23-year-old Indian Sindhu has suffered a

Published 17 Dec, 2018 12:00am

Hirscher powers to sixth consecutive giant slalom win

Olympic champion Marcel Hirscher of Austria set a blistering pace to snatch a sixth consecutive victory in the men's World Cup giant slalom at Alta Badia on Sunday by a 2.5-sec margin on his nearest rival. The seven-time defending overall World Cup champi

Published 17 Dec, 2018 12:00am

Dressel snatches gold to burnish US superiority at swim worlds

American swimming's new golden boy Caeleb Dressel emerged at the death to pip Russia's Vladimir Morozov by just 0.02secs to win the 100m freestyle at the short course World Championships on Sunday. The 22-year-old Dressel has drawn lofty comparisons with

Published 17 Dec, 2018 12:00am

Seven dead in southwest China mining accident

Seven miners were killed and three others injured in an accident at a coal mine in southwestern China, state media reported. The accident occurred around 6.00pm (1000 GMT) Saturday after the connecting segment of a mining skip broke, causing it to plummet

Published 17 Dec, 2018 12:00am

UN calls for 'credible' probe into Khashoggi murder

UN chief Antonio Guterres called Sunday for a "credible" probe into journalist Jamal Khashoggi's murder in Saudi Arabia's consulate in Istanbul. "It is absolutely essential to have a credible investigation and to have the punishment of those that were gui

Published 17 Dec, 2018 12:00am

North Korea condemns US sanctions, warns denuclearization at risk

North Korea on Sunday condemned the US administration for stepping up sanctions and pressure on the nuclear-armed country, warning of a return to "exchanges of fire" and that disarming Pyongyang could be blocked forever. The North's stinging response came

Published 17 Dec, 2018 12:00am

May clashes with Blair over Brexit

An extraordinary public row broke out Sunday between British Prime Minister Theresa May and former Labour party leader Tony Blair over her Brexit deal. May accused Blair of insulting voters and trying to undermine her government with calls for a second re

Published 17 Dec, 2018 12:00am

Scuffles as Brussels anti-migration rally draws thousands

Police deployed teargas and water cannon after scuffles broke out Sunday as thousands of people answered a call by far-right groups to reject a UN migration pact. Police said some 5,500 people rallied in Brussels' European quarter housing a number of EU i

Published 17 Dec, 2018 12:00am

Earthquake rocks Indonesia's Papua

A 6.1-magnitude earthquake hit Papua, in eastern Indonesia Sunday, US seismologists said, but no tsunami warning was issued. The quake was about 158 kilometres (98 miles) south-southwest of the province's capital Jayapura at 6:42 pm (0942 GMT), at a depth

Published 17 Dec, 2018 12:00am

Six children among 10 dead in Russia house fires

Six children and four adults died in house fires in several Russian cities on Sunday, Russian media reported. Three toddlers died in a house fire in a village in Bashkortostan, a region south of the Ural mountains, news agency RIA Novosti reported.

Published 17 Dec, 2018 12:00am

Hamas chief praises West Bank 'resistance'

Hamas leader Ismail Haniya praised "resistance" in the occupied West Bank in a speech to tens of thousands on Sunday after recent deadly attacks against Israelis. Haniya made the comments at a rally in Gaza City for the 31st anniversary of the Palestinian

Published 17 Dec, 2018 12:00am

Macron's ratings fall further

A month of "yellow vest" protests have taken a further toll on the popularity of French President Emmanuel Macron, a new poll showed Sunday, with analysts saying he will be forced to change his style of governing. Around 66,000 protesters turned out again

Published 17 Dec, 2018 12:00am

Sri Lanka reinstates ousted PM, begins uneasy truce

Sri Lanka's president on Sunday reappointed as prime minister the same man he sacked from the job nearly two months ago, ending a power struggle and immediately setting off an uneasy cohabitation government. Ranil Wickremesinghe, whose shock dismissal in

Published 17 Dec, 2018 12:00am

Centre not getting Sindh's cooperation: Ismail

Sindh Governor Imran Ismail on Sunday said that the Sindh government was reluctant to cooperate with him, despite the federal government was 'extending its all out cooperation' to the provincial government. Responding to media queries on the second day of

Published 17 Dec, 2018 12:00am

Canadian scholar calls for engaging men for gender justice

The Head International Social development Department at the University of Calgary Alberta Canada Dr Amir Jamal delivered key note lecture at Pakistan Study Centre, University of Peshawar. Faculty members and PhD scholars attended the seminar. Director Pak

Published 17 Dec, 2018 12:00am

PPP slams PTI over using NAB against rivals

Pakistan Peoples Party (PPP) Khyber Pakhtunkhwa chapter's president Mohammad Hamayun Khan warned the Prime Minister Imran Khan over influencing National Accountability Bureau (NAB) against political rivals and fulfilment of electoral commitments. Otherwis

Published 17 Dec, 2018 12:00am

If payment not made within 180 days: LHC rules input tax can't be denied to registered person

A division bench of Lahore High Court has ruled that if payment is not made within 180 days through banking channel, the input tax cannot be denied to a registered person and penalty can be levied for not making payment within the prescribed period.

Published 17 Dec, 2018 12:00am

If payment not made within 180 days: LHC rules input tax can't be denied to registered person

A division bench of Lahore High Court has ruled that if payment is not made within 180 days through banking channel, the input tax cannot be denied to a registered person and penalty can be levied for not making payment within the prescribed period.

Published 17 Dec, 2018 12:00am

Government to equip madressas with modern education system: minister

Minister of State for Interior, Shahryar Afridi has expressed resolve of the government to strengthen madressa (religious seminaries) in the country with a view to promote peace and humanity as per Qurani education and Sunnah.

Published 17 Dec, 2018 12:00am

Polls for FPCCI VPs-KP/Capital Area deferred: BMP

Businessmen Panel's spokesperson Ahmad Jawad has said that the electoral college for choosing FPCCI Vice Presidents of KP and Capital Area is abolished and the election schedule for these two areas likely to be announced later because last date for submis

Published 17 Dec, 2018 12:00am

Stability in Afghanistan will bring peace in region: Sherpao

Qaumi Watan Party (QWP) Chairman Aftab Ahmad Khan Sherpao on Sunday said that peace could not be restored in the region unless stability was brought to Afghanistan. In a statement issued from the party's provincial secretariat Watar Kor, he said that Paki

Published 17 Dec, 2018 12:00am

Speakers for promoting ideology of Pakistan

Speakers at a national conference organized by the Jamaat e Islami in connection with the fall of Dhaka underlined the need for promoting national unity and harmony and educating the younger generation about the Pakistan ideology in order to prevent simil

Published 17 Dec, 2018 12:00am

Pakistan elected VP of COP to UN Convention on Climate Change

Pakistan has been elected as the Vice President and the Rapporteur of the Conference of Parties (COP) to the United Nations (UN) Framework Convention on Climate Change, at COP24 in Katowice, Poland on 15 December 2018 and member of five other climate chan

Published 17 Dec, 2018 12:00am

Need stressed for engaging youths in Fata's merger

Speakers at a seminar have welcomed the Fata merger and highlighted the need for including youth in the process. The seminar on 'Fata Merger: Youth Leadership p and Aspiration' was organized by PAIMAN Trust, a non-government organisation, at a hotel on Su

Published 17 Dec, 2018 12:00am

Fall of Dhaka outcome of rulers' betrayal of Pakistan ideology: JI

Chief of Jamaat e Islami, Pakistan, Senator Sirajul Haq, has said that the fall of Dhaka was the outcome of the rulers' betrayal of the Pakistan ideology. Addressing a Shan e Risalat conference at Mansehra on Sunday, he said that the wounds of the debacle

Published 17 Dec, 2018 12:00am

Irregularities in misuse of ATL facility: FBR fails to file comments before FTO

Federal Board of Revenue (FBR) has failed to file comments by the deadline of December 12 before Federal Tax Ombudsman (FTO) who has started investigation against a complaint of massive irregularities in misuse of Active Taxpayer (ATL) facility to purchas

Published 17 Dec, 2018 12:00am

Industrial estate's land: AGP issues notice to KP industries department

The Auditor General of Pakistan (AGP) has noticed the blockage of public money to the tune of Rs 160.56 million allocated for the acquisition of land for the establishment of industrial estate and un-authorized retention of a fund of Rs83.39 million alloc

Published 17 Dec, 2018 12:00am

CoAS confirms death sentence of 15 terrorists

General Qamar Javed Bajwa, Chief of Army Staff (CoAS) on Sunday confirmed the death sentence awarded to 15 hardcore terrorists, who were involved in heinous offences related to terrorism, i.e. attacking the Armed Forces/ Law Enforcement Agencies of Pakist

Published 17 Dec, 2018 12:00am

Preparations for Chitirmas in full swing

There is an euphoria among the people of Kalash valley in Chitral district in the ongoing Chitirmas festival. The men, women and children on Sunday made various items and toy animals of wheat flour and distributed them in Ramboor, Bamburet and Birrir vall

Published 17 Dec, 2018 12:00am

ANP calls for indiscriminate action against terrorists

ANP's secretary general, Mian Iftikhar Hussain has said that the situation in the world is changing fast and in this connection we should change policies and end all kind of differences to take indiscriminate action against all terrorists and their facili

Published 17 Dec, 2018 12:00am

Fateha offered for victims of APS carnage

As the nation remembered the great sacrifices of martyrs of APS tragedy and observed the 4th anniversary of terrorist attack Fateha Khawani was held and prayers offered for the martyrs at the mosque of CM office and other mosques here on Sunday. Chief Min

Published 17 Dec, 2018 12:00am

Mixed trend witnessed in retail market prices

Mixed trend in essential food commodities, including pulses, vegetable, sugar, chicken meat, eggs, fruits was witnessed in retail market, said in a survey conducted by Business Recorder here on Sunday. According to the survey, price of chicken meat

Published 17 Dec, 2018 12:00am

Iranian firms participate in Build Asia show

Some eight Iranian companies active in the field of construction are participating in the 14th edition of International Build Asia Exhibition, which is being held in Karachi from Dec 15-17. According to Mahmoud Haji Yousefipour, Iran's commercial attaché

Published 17 Dec, 2018 12:00am

Government to provide all support to make PIA viable entity: Soomro

"PIA is moving in the right direction and government will provide all out support for its revival", this was said by the Federal Minister for Privatization and Aviation, Muhammadmian Soomro who visited PIA head office. The minister was received by the Pre

Published 17 Dec, 2018 12:00am

KP Food Department: AGP refers over Rs 4 billion non-recovery to PAC

Auditor General of Pakistan (AGP) has detected non-recovery of a huge amount of Rs 4197.74 million by the Food Department of Khyber Pakhtunkhwa in head of subsidy, security and missing wheat during financial year 2014-15, said Audit Report 2015-16. Speake

Published 17 Dec, 2018 12:00am

Buzdar lauds PM for setting new benchmarks of public service

Punjab Chief Minister Sardar Usman Buzdar has said that credit goes to Prime Minister Imran Khan for breaking the status quo of last thirty years and setting new bench marks of public service. He was talking to Secretary General of PTI Arshad Dad and newl

Published 17 Dec, 2018 12:00am

Aleem vows to help resolve people's problems

Senior Minister Punjab Abdul Aleem Khan has said that merit to be observed but there would be no compromise on solving people's problems and providing them relief. He expressed these views while addressing here in Public Secretariat where people from diff

Published 17 Dec, 2018 12:00am

15,000 gutka packets, 750kg stale fish seized

The Punjab Food Authority (PFA) on Sunday confiscated thousands of gutka packets and hundreds of kilograms stale fish during raids conducted in different areas of metropolitans. PFA Director General Captain Muhammad Usman(R) said that the raids were made

Published 17 Dec, 2018 12:00am

PTI accuses Sindh government of persisting water shortage in Karachi

Pakistan Tehreek-e-Insaf (PTI) here Sunday staged a big protest demonstration against acute shortage of water in the mega city Karachi and held the provincial government of Sindh responsible for persisting water crisis in the city.

Published 17 Dec, 2018 12:00am

Lieutenant-General Akram may assume charge of PHEC acting chairman

Lieutenant General Muhammad Akram Khan (R) is likely to assume the charge of acting chairperson of the Punjab Higher Education Commission (PHEC) until a new chairperson is appointed. Sources said that as the tenure of the Chairperson of the Punjab Higher

Published 17 Dec, 2018 12:00am

PPP to form next government if mid-term polls held, claims Zardari

Pakistan Peoples Party (PPP) co-chairman and former president of Pakistan Asif Ali Zardari on Sunday said that PPP would form the next government if mid-term elections are held. While addressing a ceremony in Tando Allahyar, Asif Ali Zardari said the PPP

Published 17 Dec, 2018 12:00am

Afghan peace to give Pakistan access to Central Asia: minister

Khyber Pakhtunkhwa Minister for Information, Shaukat Ali Yousafzai, said that Pakistan and its KP province would be the biggest beneficiary of peaceful Afghanistan. "Pakistan will get access to Central Asia through peaceful Afghanistan and Peshawar will b

Published 17 Dec, 2018 12:00am

PMIS to be extended in six Punjab jails soon

The Punjab Information Technology Board (PITB)'s Prison Management Information System (PMIS) team gave a detailed demonstration and presentation to the Punjab's Minister Prisons Zawar Hussain Waraich and IG Prisons Mirza Shahid Saleem Baig and briefed tha

Published 17 Dec, 2018 12:00am

Currency	Rate
USD PKR Interbank Selling / Dec 18	278.55
USD PKR Interbank Buying / Dec 18	278.25
USD to Japanese Yen / Dec 18	153.63
USD to Swiss Franc / Dec 18	0.89
Pound Sterling to USD / Dec 18	1.27
Euro to USD / Dec 18	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
Nasdaq / Dec 17	20,109.06
FTSE 100 / Dec 17	8,195.20
Dow Jones / Dec 17	43,449.90
Germany DAX 30 / Dec 17	20,246.37
France CAC40 / Dec 17	7,365.70
India Sensex / Dec 18	80,231.76
Tokyo Nikkei / Dec 18	39,081.71

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 17	17,585
Gold 10 Grams PKR / Dec 17	241,860
Petrol/Litre / Dec 18	252.10
Crude Oil USD/Barrel / Dec 18	70.43
Gold Spot USD/Ounce / Dec 18	2,644.54
Diesel/Litre / Dec 18	255.38

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
S.G.Power / Dec 18 S.G. Power Limited(SGPL)	9.17 ▲ 1.00 (12.24%)
Faran Sugar (R) / Dec 18 Faran Sugar Mills Limited (R)(FRSMR)	9.43 ▲ 1.00 (11.86%)
Dadabhoy Cement / Dec 18 Dadabhoy Cement Industries Limited(DBCI)	7.95 ▲ 0.84 (11.81%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Data Agro / Dec 18 Data Agro Limited(DAAG)	139.24 ▲ 12.66 (10.00%)
Diamond Ind. / Dec 18 Diamond Industries Limited(DIIL)	20.90 ▲ 1.90 (10.00%)
Leather Up Ltd. / Dec 18 Leather Up Limited(LEUL)	26.74 ▲ 2.43 (10.00%)

Stock	Price
Blue-Ex Ltd / Dec 18 Blue-Ex Limited (GEM)(GEMBLUEX)	37.76 ▼ -4.20 (-10.01%)
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
Din Tex. / Dec 18 Din Textile Mills Limited(DINT)	45.90 ▼ -5.10 (-10.00%)
Dawood Lawrencepur / Dec 18 Dawood Lawrencepur Limited(DLL)	211.50 ▼ -23.50 (-10.00%)
Imperial Limited / Dec 18 Imperial Limited(IML)	20.16 ▼ -2.24 (-10.00%)
Macter Int. Ltd / Dec 18 Macter International Limited(MACTER)	331.40 ▼ -36.82 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Bilal Fibres / Dec 18 Bilal Fibres Limited(BILF)	12.61 ▼ -1.40 (-9.99%)
Calcorp Ltd / Dec 18 Calcorp Limited(CASH)	26.22 ▼ -2.91 (-9.99%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.13
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.09
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	58,285,174 ▼ -0.53
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	57,202,972 ▼ -0.01
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -0.70
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 1.97
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▲ 0.04
Hub Power Co. / Dec 18 The Hub Power Company Limited(HUBC)	33,289,968 ▼ -3.88
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	31,365,092 ▼ -0.21

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