News Archives for Print - 2019-01-05 - Business Recorder

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Print - 2019-01-05

Harsh parenting can be buffered by warm relationships with teachers, peers

Harsh parenting can be buffered by warm relationships with teachers, peers

Children whose parents often threaten and criticize them are more likely to become defiant and aggressive, research shows. But these effects can be buffered by warm relationships with teachers and school friends, a new study suggests.

Published 05 Jan, 2019 12:00am

Deeply ingrained

Deeply ingrained

Artist Saddam Khan Murad grown up in the tribal areas of Swat hence his work reflected the politics that surrounds the region today in his current solo exhibition titled" Dyed in the Wool" at Sanat Gallery, Karachi.

Published 05 Jan, 2019 12:00am

ART FACTS: Spectrum of colours and cultures

ART FACTS: Spectrum of colours and cultures

Spectrum of colours and cultures in watercolours by famous international watercolour artists at second International Watercolour Master Show, 2018 delighted the art lovers. The show was inaugurated here at a local hotel. Later on the exhibition was displa

Published 05 Jan, 2019 12:00am

Leafy green neighborhoods tied to better heart health

Leafy green neighborhoods tied to better heart health

People who live in neighborhoods with more green spaces may have less stress, healthier blood vessels and a lower risk of heart attacks and strokes than residents of communities without many outdoor recreation areas, a small study suggests.

Published 05 Jan, 2019 12:00am

Global tech show to celebrate innovation amid mounting concerns

Global tech show to celebrate innovation amid mounting concerns

Amid trade wars, geopolitical tensions and a decline in public trust, the technology sector is seeking to put its problems aside with the Consumer Electronics Show, the annual extravaganza showcasing futuristic innovations. The January 8-11 Las Vegas trad

Published 05 Jan, 2019 12:00am

New Year resolutions that work

New Year resolutions that work

My New Year resolution is never to have any resolution; a sentiment we hear from all the disillusioned New Year enthusiasts. The New Year resolutions have become a laughing stock and are termed as those one day resolves that start dissolving on 2nd Januar

Published 05 Jan, 2019 12:00am

FWBL declares PLS Profit Rates

FWBL declares PLS Profit Rates

FWBL has declared the following rates of profit on PLS/time deposits for the period of six months ended 31-12 2018.

Published 05 Jan, 2019 12:00am

FWBL declares PLS Profit Rates

FWBL declares PLS Profit Rates

FWBL has declared the following rates of profit on PLS/time deposits for the period of six months ended 31-12 2018.

Published 05 Jan, 2019 12:00am

Paris wheat up again

Paris wheat up again

Euronext wheat rose for a third session in a row on Friday in step with Chicago as speculation over quality problems in Argentine wheat added to hopes of fresh demand for French and US supplies.

Published 05 Jan, 2019 12:00am

PMEX daily trading report

Cotton

PMEX daily trading report

On Thursday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,525. The traded value of Metals, Energy and COTS/FX was recorded at PKR 10.548billion and the number of lots traded 14,740.Major business was contributed by NSDQ100 amou

Published 05 Jan, 2019 12:00am

CBOT wheat up by 0.4 percent

CBOT wheat up by 0.4 percent

CBOT wheat was up 0.4 percent at $5.16 a bushel, after reaching a one-week top at $5.18 earlier in the day. Corn was also up for a third consecutive session, adding 0.2 percent to $3.80-1/2 a bushel. It earlier set a two-week high of $3.81-1/4.

Published 05 Jan, 2019 12:00am

CBOT soybean, corn futures advances

CBOT soybean, corn futures advances

CBOT March soybeans were up 3 cents at $9.10 a bushel after reaching $9.13-1/2, its highest level since Dec. 20. CBOT March corn was up 3 cents at $3.78-3/4. Soybeans ticked higher as the oilseed market assessed weather risks for Brazilian crops and sough

Published 05 Jan, 2019 12:00am

India to auction oil, gas blocks

India to auction oil, gas blocks

India will start auctioning for 14 oil and gas blocks in its second exploration licensing round on Monday, giving freedom to the companies to carve out areas they want to drill The blocks together hold undiscovered reserves of about 14,995 million tonnes

Published 05 Jan, 2019 12:00am

Asian Naphtha/Gasoline gains, hits nine week high

Asian Naphtha/Gasoline gains, hits nine week high

Asia's gasoline crack rose for a second straight session on Friday to a nine-week high of $1.67 a barrel, as traders expect lower gasoline exports from China following a surge in volumes last month. "January exports would be lower for sure as it would be

Published 05 Jan, 2019 12:00am

Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 117,562 tonnes of cargo comprising 61,652 tonnes of import cargo and 55,910 tonnes of export cargo including 10,462 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.

Published 05 Jan, 2019 12:00am

Subdued business on cotton market

Cotton

Subdued business on cotton market

Trading activity came down on the cotton market on Friday leading participants were on the sidelines due to short supply of quality cotton, dealers said.

Published 05 Jan, 2019 12:00am

China will launch options for rubber, cotton and corn

Cotton

China will launch options for rubber, cotton and corn

China will launch options for rubber, cotton and corn on Jan. 28, the country's securities regulator said at a press briefing on Friday, adding to the tools available to hedge on price risks in the world's largest agriculture market.

Published 05 Jan, 2019 12:00am

Coffee jumps 3 percent

Currency

Coffee jumps 3 percent

March arabica coffee futures rose more than 3 pct on a firmer Brazilian currency on Thursday, while white sugar futures fell to their lowest in three months, pressured by persistent fund selling in thin trade. March arabica coffee settled up 2.65 cent, or

Published 05 Jan, 2019 12:00am

US warns citizens of arbitrary action in China

US warns citizens of arbitrary action in China

The United States warned its citizens Thursday they could face arbitrary action by authorities when they visit China, following the detention of a number of Canadians.

Published 05 Jan, 2019 12:00am

EU calls for DR Congo vote results to reflect people's will

EU calls for DR Congo vote results to reflect people's will

The European Union called Friday for voting results in the Democratic Republic of Congo to reflect the people's will at what it called a "historic moment toward a democratic transition."

Published 05 Jan, 2019 12:00am

EU countries 'record of shame' over ports closed to sick children

EU countries 'record of shame' over ports closed to sick children

Rights activists accused European countries on Friday of a new "record of shame" for refusing to open ports to migrant children and families stranded at sea in the Mediterranean for two weeks.

Published 05 Jan, 2019 12:00am

France announces 'action plan' to counter migrant Channel crossings

France announces 'action plan' to counter migrant Channel crossings

The French government announced an "action plan" Friday to counter attempts by migrants to cross the Channel to Britain by sea, which will include an increase in coastguard patrols and ramped up surveillance in ports.

Published 05 Jan, 2019 12:00am

13 Canadians held in China since arrest of Huawei executive

13 Canadians held in China since arrest of Huawei executive

Thirteen Canadians have been detained in China following the arrest on December 1 of a senior executive from Chinese telecoms equipment giant Huawei, Ottawa said Thursday, with eight subsequently released.

Published 05 Jan, 2019 12:00am

China tests its own 'Mother of All Bombs'

China tests its own 'Mother of All Bombs'

China has tested its most powerful non-nuclear weapon, dubbed the "Mother of All Bombs" by official media in a reference to a US munition used in Afghanistan.

Published 05 Jan, 2019 12:00am

Mammoth DNA found in Cambodia market items

Mammoth DNA found in Cambodia market items

Scientists tackling the illegal trade in elephant ivory got more than they bargained for when they found woolly mammoth DNA in trinkets on sale in Cambodia, they revealed Friday.

Published 05 Jan, 2019 12:00am

Forty-six killed in Burkina ethnic clashes

Forty-six killed in Burkina ethnic clashes

Forty-six people were killed in central-northern Burkina Faso this week after a suspected jihadist attack triggered ethnic clashes, the government said on Friday.

Published 05 Jan, 2019 12:00am

Tourists hunker down as Storm Pabuk dumps heavy rains on Thailand

Tourists hunker down as Storm Pabuk dumps heavy rains on Thailand

Tourists marooned on Thai islands hunkered down Friday as Tropical Storm Pabuk struck the kingdom, forcing airports and ferries to close and bringing power blackouts, heavy rains and massive sea swells.

Published 05 Jan, 2019 12:00am

Uzbekistan extends visa-free travel to Germans

Uzbekistan extends visa-free travel to Germans

Uzbekistan said Friday it will allow German citizens to visit for up to 30 days visa-free to boost tourism as the ex-Soviet country emerges from long-term isolation. Germany will be the second European Union country after France to gain visa-free travel t

Published 05 Jan, 2019 12:00am

Rakhine rebels kill 13 Myanmar police in brazen raids

Rakhine rebels kill 13 Myanmar police in brazen raids

Thirteen Myanmar police officers were killed in raids Friday by ethnic Rakhine rebels, the army said, in a brazen, co-ordinated attack on the country's Independence Day which adds a dangerous new dimension to conflict in the restive western state.

Published 05 Jan, 2019 12:00am

Taliban blames US, Afghan forces for most civilian casualties in 2018

Taliban blames US, Afghan forces for most civilian casualties in 2018

The Taliban blamed US and Afghan forces for almost 90 percent of civilian casualties in 2018, in a report released Friday that suggested Afghanistan's largest militant group was not responsible for a single death or injury. The data - which NATO's Resolut

Published 05 Jan, 2019 12:00am

Indian shares up

Indian shares up

Indian shares rose 0.5 percent on Friday, tracking global markets which heaved a sigh of relief as China stepped up efforts to revive its economy by cutting banks' reserve requirement ratios.

Published 05 Jan, 2019 12:00am

Nikkei index fall over 2 percent in first trading day of 2019

Nikkei index fall over 2 percent in first trading day of 2019

Tokyo's key Nikkei index plunged more than two percent on Friday, hit by a surge in the yen and sell-offs on Wall Street amid worries over the US economy.

Published 05 Jan, 2019 12:00am

Friday's early trade: Stocks surge on jobs report, Powell comments

Friday's early trade: Stocks surge on jobs report, Powell comments

US stocks surged over 2.5 percent on Friday, boosted by a robust US jobs report, plans for fresh Sino-US trade talks and as Federal Reserve Chairman Jerome Powell pledged patience and sensitivity to risks in the markets.

Published 05 Jan, 2019 12:00am

Wall Street plunges as factory data, Apple warning fuel slowdown fears

Wall Street plunges as factory data, Apple warning fuel slowdown fears

Wall Street plunged on Thursday after slowing US factory activity on the heels of a dire revenue warning from Apple Inc fuelled fears of a global economic slowdown.

Published 05 Jan, 2019 12:00am

Australian shares down

Australian shares down

Australian shares weakened on Friday, to end the first week of new year lower as Apple's surprise revenue warning and dismal US factory data fanned worries over the global economy.

Published 05 Jan, 2019 12:00am

Two-year Treasury yield dips below 2.4 percent

Two-year Treasury yield dips below 2.4 percent

The US two-year Treasury note yield dropped below 2.4 percent on Thursday, reaching parity with the federal funds effective rate for the first time since 2008.

Published 05 Jan, 2019 12:00am

Two-year Treasury yield dips below 2.4 percent

Two-year Treasury yield dips below 2.4 percent

The US two-year Treasury note yield dropped below 2.4 percent on Thursday, reaching parity with the federal funds effective rate for the first time since 2008.

Published 05 Jan, 2019 12:00am

China stocks rebound

China stocks rebound

China stocks bounced back from a more than four-year low on Friday, closing the week higher, as the government said it would cut banks' reserve requirement ratios and as optimism about trade talks with the United States helped sooth investor nerves.

Published 05 Jan, 2019 12:00am

European shares post best day since June 2016

European shares post best day since June 2016

European shares posted their biggest daily gain since June 2016 as buoyant US job data and hopes of better Sino/US trade relations boosted shares after a gloomy week during which a rare revenue warning from Apple caused havoc.

Published 05 Jan, 2019 12:00am

Southeast Asian stocks: Philippines, Indonesia jump

Southeast Asian stocks: Philippines, Indonesia jump

Most Southeast Asian stock markets ended higher on Friday, with Philippines gaining on positive inflation data, while Indonesia's energy stocks propelled its index to an 8-month high on better-than-expected 2018 coal production.

Published 05 Jan, 2019 12:00am

Positive US jobs data, trade relief thrust UK shares higher

Positive US jobs data, trade relief thrust UK shares higher

UK stock indexes bounced to three-week highs on Friday, lifted by positive US jobs data and news of a new round of talks between Beijing and Washington that raised hopes of a resolution to their protracted trade spat. The FTSE 100 surged 2.2 percent and t

Published 05 Jan, 2019 12:00am

Brexit worries slow UK growth to near standstill

Brexit worries slow UK growth to near standstill

Britain's economic growth slowed to a crawl at the end of 2018 and the housing market is stalling, according to data published on Friday, less than three months before Brexit. A closely watched business survey indicated firms were growing more anxious, wh

Published 05 Jan, 2019 12:00am

Heathrow, Gatwick investing in anti-drone technology

Heathrow, Gatwick investing in anti-drone technology

Britain's two biggest airports, Heathrow and Gatwick, are investing in anti-drone technology following severe disruption at Gatwick caused by drone sightings in the run-up to Christmas, spokesmen said on Friday. The British army was deployed to London Gat

Published 05 Jan, 2019 12:00am

Eurozone inflation slows in December

Eurozone inflation slows in December

Eurozone inflation slowed to an annual rate of 1.6 percent in December mainly due to lower energy costs, preliminary data from the EU statistics unit Eurostat showed Friday. Falling oil prices helped limit increases in the costs consumers pay for energy o

Published 05 Jan, 2019 12:00am

German job boom extends run

German job boom extends run

Unemployment in Germany ended 2018 steady at a historic low, official data showed Friday, with firms still keen to take on new workers even as growth slows. Some 5.0 percent of people were out of work last month in Europe's largest economy, the Federal La

Published 05 Jan, 2019 12:00am

US auto consumers tap the brakes, swerve away from small cars

US auto consumers tap the brakes, swerve away from small cars

Major automakers on Thursday announced slowing 2018 sales in the US even as the industry maintained close to its overall total from the previous year, defying expectations. Overall, the North American auto industry maintained a healthy sales total, booste

Published 05 Jan, 2019 12:00am

Canada jobless rate unchanged

Canada jobless rate unchanged

The Canadian economy generated 9,300 new jobs in December while the unemployment rate remained unchanged at 5.6 percent, a 42-year low, the national statistics institute said Friday. "Employment held steady in December," Statistics Canada said in a statem

Published 05 Jan, 2019 12:00am

Turkish 2018 trade deficit shrinks 28.4 percent

Currency

Turkish 2018 trade deficit shrinks 28.4 percent

Turkey's trade deficit tumbled 28.4 percent in 2018 to $55.0 billion, data released on Friday showed, with exports rising and imports declining as a currency crisis drove up the cost of imports and weakened domestic demand. "We have seen the positive impa

Published 05 Jan, 2019 12:00am

Marriott says hack was smaller but hit 5.25 million passports

Marriott says hack was smaller but hit 5.25 million passports

Marriott disclosed Friday that fewer guests than originally thought were affected by a massive computer hacking attack but that more than five million passport numbers were stolen. Marriott said about 5.25 million passport numbers were taken in the incide

Published 05 Jan, 2019 12:00am

Google moved almost 20 billion euros to Bermuda in 2017

Google moved almost 20 billion euros to Bermuda in 2017

US internet giant Google used a legal mechanism to transfer almost 20 billion euros from the Netherlands to Bermuda in 2017 for tax purposes, a Dutch newspaper report said Friday. Google, which is owned by US parent company Alphabet, moved 19.9 billion eu

Published 05 Jan, 2019 12:00am

Upbeat employment report underscores US economic strength

Upbeat employment report underscores US economic strength

US employers hired the most workers in 10 months in December while boosting wages, pointing to sustained strength in the economy that could ease fears of a sharp slowdown in growth.

Published 05 Jan, 2019 12:00am

Injured Sharapova retires from Shenzhen quarters

Injured Sharapova retires from Shenzhen quarters

Former world number one Maria Sharapova abandoned her quarter-final tie in the Shenzhen Open on Friday after struggling with a thigh injury. Just 10 days before the start of the Australian Open, Sharapova received treatment for a painful left thigh after

Published 05 Jan, 2019 12:00am

Pujara, Pant centuries put India in command

Pujara, Pant centuries put India in command

A marathon century by Cheteshwar Pujara and a swashbuckling ton from Rishabh Pant all but ended Australia's hopes of saving the series Friday as India built a massive 622 for seven declared in the final Sydney Test. India began the second day at 303 for f

Published 05 Jan, 2019 12:00am

Du Plessis, Bavuma stretch South African lead

Du Plessis, Bavuma stretch South African lead

Faf du Plessis ground out a century and put South Africa in a commanding position on the second day of the second Test against Pakistan at Newlands on Friday. Du Plessis made 103, his ninth Test century, as South Africa reached 382 for six at the close, a

Published 05 Jan, 2019 12:00am

Saeed Khan named manager/head coach of Pakistan hockey team

Saeed Khan named manager/head coach of Pakistan hockey team

The Pakistan Hockey Federation (PHF) has appointed two-time World Cup winner Saeed Khan as the manager and head coach of the national men's hockey team for the International Hockey Federation (FIH) Pro League, which is scheduled for February 2 against Arg

Published 05 Jan, 2019 12:00am

Giantkiller Andreescu sends Venus Williams packing

Giantkiller Andreescu sends Venus Williams packing

Canadian teen Bianca Andreescu stunned Venus Williams in the WTA Auckland Classic quarter-finals to continue her giant-killing run Friday, while defending champion Julia Goerges survived a match-point scare. The 18-year-old Andreescu, ranked 152nd in the

Published 05 Jan, 2019 12:00am

OGDCL team defeats Media Eleven

OGDCL team defeats Media Eleven

Oil and Gas Development Company (OGDCL) cricket team defeated Media Eleven by 66 runs in a final of the OGDCL & Media Crickt T-10 Championship 2019 played at Islamabad Diamond Cricket Ground on Friday. Chaudhry Sarwar Khan, Federal Minister for Petroleum

Published 05 Jan, 2019 12:00am

HEC Inter-University Women Badminton: PU, UoL, UCP and Iqra Karachi enter semis

HEC Inter-University Women Badminton: PU, UoL, UCP and Iqra Karachi enter semis

Defending Champion Punjab University (PU), University of Lahore (UoL), University Central Punjab (UCP) and Iqra University Karachi took berth into the semi-finals after defeating their respective rivals in the ongoing HEC All Pakistan Inter-University Wom

Published 05 Jan, 2019 12:00am

Yen weakens in Asia

Yen weakens in Asia

The safe-haven yen weakened versus the dollar on Friday on hopes upcoming US-China trade talks would make some progress, but broader market confidence remained weak amid worries over slowing global growth. Market sentiment perked up after China confirmed

Published 05 Jan, 2019 12:00am

Yen edges back in European trade

Currency

Yen edges back in European trade

The yen pulled back on Friday after China announced new measures to support its economy and hopes grew that upcoming US-China trade talks would make some progress, although the Japanese currency remained on course for its best week in 11 months.

Published 05 Jan, 2019 12:00am

Early trade in New York: dollar slips against euro

Early trade in New York: dollar slips against euro

The US dollar slipped against the euro on Friday, giving up all the gains logged after a robust US jobs report, following comments from Federal Reserve Chairman Jerome Powell that the US central bank will be sensitive to the downside risks the market is p

Published 05 Jan, 2019 12:00am

Yen climbs against dollar, euro in New York

Currency

Yen climbs against dollar, euro in New York

The yen rose against the dollar and euro on Thursday as investors sought the perceived safety of the Japanese currency after a surprise revenue warning from Apple Inc exacerbated concerns about a Chinese and global economic slowdown. Data showing US manuf

Published 05 Jan, 2019 12:00am

Sri Lankan rupee recovers

Currency

Sri Lankan rupee recovers

The Sri Lankan rupee recovered from a near record low hit in the previous session to end higher on Friday, boosted by mild dollar inflows aided by some inward remittances. The rupee ended at 182.60/80 on Friday, compared with 182.80/90 in the previous ses

Published 05 Jan, 2019 12:00am

Asian currencies gain on stronger prospects for Fed rate cut

Currency

Asian currencies gain on stronger prospects for Fed rate cut

Asian currencies gained against the dollar on Friday after dismal US factory data spurred speculation that the Federal Reserve could switch from raising to cutting rates before the end of the year, and on signs of progress in Sino-US trade talks. Survey d

Published 05 Jan, 2019 12:00am

Aussie, kiwi stage comeback

Aussie, kiwi stage comeback

The Australian and New Zealand dollars celebrated a remarkable comeback on their US counterpart on Friday, as dismal economic data stoked speculation of a U-turn on US interest rates. It got an added fillip when China's commerce ministry said Beijing and

Published 05 Jan, 2019 12:00am

Sterling scales $1.27

Currency

Sterling scales $1.27

Sterling jumped on Friday after suffering heavy losses spurred by fears of a global economic slowdown, but uncertainty about Brexit kept its gains in check. The pound sank to its lowest since April 2017 on Thursday after worries about the health of the gl

Published 05 Jan, 2019 12:00am

UK warns Russia against 'chess games' over alleged spy

UK warns Russia against 'chess games' over alleged spy

Britain warned Russia on Friday against playing "diplomatic chess games" after Paul Whelan, a Canadian-born former US Marine with triple UK, US and Irish citizenship, was charged with espionage. Foreign Secretary Jeremy Hunt said Britain had offered consu

Published 05 Jan, 2019 12:00am

Netanyahu, Putin in first Syria call since US pullout announced

Netanyahu, Putin in first Syria call since US pullout announced

Israeli Prime Minister Benjamin Netanyahu held talks Friday with Russian President Vladimir Putin for the first time since the shock US military withdrawal from Syria was announced, the premier's office said. During the phone call the two "discussed the s

Published 05 Jan, 2019 12:00am

Police fire tear gas at Sudan protesters

Police fire tear gas at Sudan protesters

Sudanese police fired tear gas at protesters on Friday as they took to the streets after midday prayers to chant anti-government slogans in the capital's twin city of Omdurman, witnesses said. Anti-government rallies have rocked cities across Sudan since

Published 05 Jan, 2019 12:00am

Boeing stuck in Iran creates headaches for Norwegian airline

Boeing stuck in Iran creates headaches for Norwegian airline

Norwegian Air Shuttle said Friday one of its Boeing 737s has been stuck in Iran for three weeks after an unscheduled landing due to engine problems, as US restrictions reportedly create headaches for the airline and possibly passengers. The aircraft was e

Published 05 Jan, 2019 12:00am

Trump to meet emboldened Democrats in bid to end government shutdown

Trump to meet emboldened Democrats in bid to end government shutdown

President Donald Trump invited Democratic and Republican leaders at the White House on Friday in a new bid to end the two-week government shutdown over his demand for funding for a border wall with Mexico. But a quick end to the stalemate does not appear

Published 05 Jan, 2019 12:00am

Record numbers visit Auschwitz in 2018

Record numbers visit Auschwitz in 2018

A record 2.15 million people visited Nazi Germany's Auschwitz-Birkenau death camp in 2018, the museum at the site in southern Poland said Friday. Nazi Germany set up the death camp in occupied Poland during World War II. Some 405,000 Poles visited the sit

Published 05 Jan, 2019 12:00am

Six killed in clashes, fire at Baghdad women's facility

Six killed in clashes, fire at Baghdad women's facility

Six women were killed in the Iraqi capital on Friday when clashes at a facility where they were housed led to a fire, the social affairs ministry said. A further "six women and one warden were injured" at the Dar al-Zuhur centre in Baghdad's Azamiya neigh

Published 05 Jan, 2019 12:00am

Third woman enters flashpoint Indian temple

Third woman enters flashpoint Indian temple

Indian police said Friday that a third woman has defied traditionalists to enter one of Hinduism's holiest temples, stoking tensions after two days of clashes that left some 275 people injured. The Sabarimala temple in the southern state of Kerala has bee

Published 05 Jan, 2019 12:00am

Somalia refuses to take back expelled UN envoy

Somalia refuses to take back expelled UN envoy

Somalia's president told UN chief Antonio Guterres on Friday that he will not reverse a decision to expel a UN envoy who raised human rights concerns, diplomats said. Guterres spoke by phone with President Mohamed Abdullahi Mohamed on Friday - his second

Published 05 Jan, 2019 12:00am

Suspected Ebola case in Sweden

Suspected Ebola case in Sweden

A patient in Sweden has been admitted to hospital with a suspected case of Ebola, a highly infectious and potentially fatal disease, health care officials said Friday. "Test results will probably be received sometime this evening. At this stage it is just

Published 05 Jan, 2019 12:00am

Tajik soldier killed in Afghan border clash

Tajik soldier killed in Afghan border clash

A soldier from Tajikistan's border service was killed in a clash with Afghan smugglers during a search for a missing shepherd, a security source in the ex-Soviet country told AFP Friday. A source in Tajikistan's security structures told AFP that the borde

Published 05 Jan, 2019 12:00am

Pompeo to head to Middle East for talks on Yemen, Syria, Iran

Pompeo to head to Middle East for talks on Yemen, Syria, Iran

US Secretary of State Mike Pompeo will travel to eight Middle East capitals next week for talks on security expected to focus on Yemen, Syria and Iran, the State Department announced Friday. Pompeo leaves on January 8 on the eight-day trip to Amman, Cairo

Published 05 Jan, 2019 12:00am

Turkey says Pompeo shows 'worrying lack of knowledge' of Kurds

Turkey says Pompeo shows 'worrying lack of knowledge' of Kurds

Turkey on Friday hit out at US Secretary of State Mike Pompeo for saying Washington will ensure Ankara does not "slaughter" Kurds in Syria as American troops withdraw. "Pompeo equating the YPG terror organisation with Kurds, (even) if it is not intentiona

Published 05 Jan, 2019 12:00am

Copper rebounds as China and US prepare for trade talks

Copper rebounds as China and US prepare for trade talks

Copper prices rallied on Friday from the previous day's 18-month low after China cut bank reserve requirements and announced new trade talks with the United States. The moves sparked optimism that the world's top commodities consumer can prevent a rapid e

Published 05 Jan, 2019 12:00am

Singapore light distillate fuel stocks hit record high

Singapore light distillate fuel stocks hit record high

Light distillate fuel stocks at Asia's refining hub in Singapore have climbed to a record on surging supply just as fears emerge of an economic downturn heading into 2019, but holiday demand and refinery maintenance could lend some relief.

Published 05 Jan, 2019 12:00am

Oil rises on China-US talks, gains capped by US fuel build

Oil rises on China-US talks, gains capped by US fuel build

Oil rose nearly 2 percent on Friday after proposed trade talks between the United States and China eased some fears about a global economic slowdown, but gains were capped after the United States reported a sharp build in refined product inventories. Bren

Published 05 Jan, 2019 12:00am

Cocoa slumps over 3 percent, raw sugar rebounds

Currency

Cocoa slumps over 3 percent, raw sugar rebounds

Cocoa prices dropped more than 3 percent on Friday on technical selling, while raw sugar futures were boosted by a rebound in global equity and energy markets. March New York cocoa settled down $39, or 1.6 percent, at $2,361 per tonne, down 2 percent for

Published 05 Jan, 2019 12:00am

Palm oil rebounds on stronger crude oil

Vegetable Oil

Palm oil rebounds on stronger crude oil

Malaysian palm oil futures recouped earlier losses to rise 1 percent on Friday, tracking strength in crude oil prices. Palm had been down at the midday break as concerns over rising inventory levels weighed on the market.

Published 05 Jan, 2019 12:00am

Gold rises in New York

Gold rises in New York

Gold prices climbed to a 6-1/2 month peak, moving closer to the key $1,300 an ounce level on Thursday, as concerns about economic slowdown gripped global markets and fuelled demand for safe-haven bullion. Spot gold gained 0.6 percent to $1,291.76 per ounc

Published 05 Jan, 2019 12:00am

Gold trims gains in Asia

Currency

Gold trims gains in Asia

Gold erased most of its early gains after touching 6-1/2-month highs in Asian trade on Friday, as Asian equities regained some footing after Beijing announced a new round of trade talks with Washington amid fears of a global economic slowdown. Spot gold w

Published 05 Jan, 2019 12:00am

Gold slips in Europe

Gold slips in Europe

Gold slipped from a more than six-month high on Friday but was set to end the week up, helped by lingering worries about the global economy that have boosted appetite for the metal. Spot gold touched its highest since mid-June at $1,298.42, but slipped ba

Published 05 Jan, 2019 12:00am

US MIDDAY: soyabeans climb

US MIDDAY: soyabeans climb

US soyabean futures climbed to a two-week high on Friday on optimism over US-China trade talks planned for next week, coupled with declining estimates of the size of Brazil's developing crop, traders said. Corn and wheat followed the firm trend, with brig

Published 05 Jan, 2019 12:00am

US MIDDAY: gold slides

US MIDDAY: gold slides

Gold prices fell in early trade in New York on Friday, pulling back from a more than six-month peak hit earlier in the session, after stronger-than-expected US jobs data, while palladium prices punched through the key $1,300 level for the first time.

Published 05 Jan, 2019 12:00am

Workshop on AML-CAT held

Workshop on AML-CAT held

The Social Welfare Department in collaboration with a local governmental organization (Blue Veins) organised an awareness workshop on Money Laundering and Countering Financing of Terrorism (AML-CFT) for Non-Profit Organizations (NPO)/NGOs.

Published 05 Jan, 2019 12:00am

TPB's meeting to discuss FBR's proposed reforms put off

TPB's meeting to discuss FBR's proposed reforms put off

The meeting of the Tax Policy Board (TPB) for initiating policy discussion on proposed reforms agenda of Federal Board of Revenue (FBR) as well as timeline and broad strategy for the next budget 2018-19 has again been postponed.

Published 05 Jan, 2019 12:00am

NHA to take up land mutation/transfer issues with CCI

NHA to take up land mutation/transfer issues with CCI

The National Highway Authority (NHA) Executive Board has decided to take up the matter of land mutation/transfer of Right of Way (ROW) in the name of NHA to Council of Common Interests (CCI) for resolving the issue amicably.

Published 05 Jan, 2019 12:00am

PHC to hold combined marriages ceremony

PHC to hold combined marriages ceremony

Pakistan Hindu Council is organizing 11th annual combined marriages ceremony at Railway Ground Karachi on Sunday (tomorrow). Patron-in-chief of Pakistan Hindu Council and Member of National Assembly Dr Ramesh Kumar Vankwani said that this year 80 Hindu co

Published 05 Jan, 2019 12:00am

NAB KP arrests alleged fraudster

NAB KP arrests alleged fraudster

National Accountability Bureau (NAB) Khyber Pakhtunkhwa on Friday arrested accused Muhammad Zubair Owners of M/S FMG Global die allegedly cheating public at large under the garb of lucrative business.

Published 05 Jan, 2019 12:00am

Experts team discuss status of glacier

Experts team discuss status of glacier

Team of experts constituted by National Disaster Management Authority (NDMA) and Gilgit-Baltistan Disaster Management Authority (GBDMA) met at Gilgit-Baltistan House, Islamabad.

Published 05 Jan, 2019 12:00am

Bilawal vows to take ZAB's mission forward

Bilawal vows to take ZAB's mission forward

Pakistan People's Party (PPP) Chairman Bilawal Bhutto Zardari Friday paid tribute to former prime minister and PPP founder Zulfikar Ali Bhutto on his 91st birth anniversary, to be observed on Saturday (Jan 5), throughout the country.

Published 05 Jan, 2019 12:00am

'Justice for all must to ensure peaceful society'

'Justice for all must to ensure peaceful society'

Lahore Chamber of Commerce and Industry President Almas Hyder said that justice cannot be ensured until it is conveniently dispensed on the doorsteps of the people living below the poverty line.

Published 05 Jan, 2019 12:00am

Power crisis hits Lahore

Power crisis hits Lahore

Tripping of feeders continued for third consecutive day which affected the power supply system heavily, leaving the urban and rural areas with 8 to 12 hours load shedding. The city life was exposed to load shedding after every alternate hour. People also

Published 05 Jan, 2019 12:00am

Foggy weather forecast for South Punjab and upper Sindh

Foggy weather forecast for South Punjab and upper Sindh

The Meteorological department has forecast foggy weather conditions in South Punjab and Upper Sindh during morning and night. In its weather forecast for today (Saturday) Met office said that rain-thunderstorm with snow over the hills is expected at scatt

Published 05 Jan, 2019 12:00am

Al-Azizia Steel Mills reference: IHC returns Nawaz's plea for suspension of sentence again

Al-Azizia Steel Mills reference: IHC returns Nawaz's plea for suspension of sentence again

The Islamabad High Court (IHC) Friday returned for the second time former Prime Minister Nawaz Sharif's plea for suspension of his sentence in the Al-Azizia Steel Mills reference. On December 24, Accountability Court-II Judge Arshad Malik had sentenced Na

Published 05 Jan, 2019 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

Markets →

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