News Archives for Print - 2019-01-27

Offshore properties: 'Taxes, penalties do not give immunity from AML laws'

Minister of State for Revenue, Hammad Azhar Saturday said payment of taxes and penalties to the Federal Board of Revenue (FBR) on any offshore property does not give immunity from Anti-Money Laundering laws.

Published 27 Jan, 2019 12:00am

Offshore properties: 'Taxes, penalties do not give immunity from AML laws'

Minister of State for Revenue, Hammad Azhar Saturday said payment of taxes and penalties to the Federal Board of Revenue (FBR) on any offshore property does not give immunity from Anti-Money Laundering laws.

Published 27 Jan, 2019 12:00am

Offshore properties: ''Taxes, penalties do not give immunity from AML laws''

Minister of State for Revenue, Hammad Azhar Saturday said payment of taxes and penalties to the Federal Board of Revenue (FBR) on any offshore property does not give immunity from Anti-Money Laundering laws.

Published 27 Jan, 2019 12:00am

MoF taking solo flight for preparing MTEF

The Ministry of Finance, Revenue and Economic Affairs is preparing a medium-term economic framework (MTEF) keeping in mind the likely conditions associated with a bailout package from the International Monetary Fund (IMF) without taking the Ministry of Pl

Published 27 Jan, 2019 12:00am

MoF taking solo flight for preparing MTEF

The Ministry of Finance, Revenue and Economic Affairs is preparing a medium-term economic framework (MTEF) keeping in mind the likely conditions associated with a bailout package from the International Monetary Fund (IMF) without taking the Ministry of Pl

Published 27 Jan, 2019 12:00am

MoF taking solo flight for preparing MTEF

The Ministry of Finance, Revenue and Economic Affairs is preparing a medium-term economic framework (MTEF) keeping in mind the likely conditions associated with a bailout package from the International Monetary Fund (IMF) without taking the Ministry of Pl

Published 27 Jan, 2019 12:00am

Cabinet approves $1.37 million grant to contest Karkey cases

The Cabinet has approved a supplementary grant of $ 1.37 million to contest cases filed by M/s Karkey in different countries, sources close to Minister for Power Division told Business Recorder. On January 17, 2019, the Power Division briefed the C

Published 27 Jan, 2019 12:00am

Cabinet approves $1.37 million grant to contest Karkey cases

The Cabinet has approved a supplementary grant of $ 1.37 million to contest cases filed by M/s Karkey in different countries, sources close to Minister for Power Division told Business Recorder. On January 17, 2019, the Power Division briefed the C

Published 27 Jan, 2019 12:00am

Cabinet approves $1.37 million grant to contest Karkey cases

The Cabinet has approved a supplementary grant of $ 1.37 million to contest cases filed by M/s Karkey in different countries, sources close to Minister for Power Division told Business Recorder. On January 17, 2019, the Power Division briefed the C

Published 27 Jan, 2019 12:00am

Malaysia scraps multi-billion dollar China-backed project

A multi-billion dollar China-backed rail project in Malaysia has been scrapped, government officials said Saturday, adding that the cost of building it was too high. Malaysia has in recent months suspended several major projects signed under the country's

Published 27 Jan, 2019 12:00am

Malaysia scraps multi-billion dollar China-backed project

A multi-billion dollar China-backed rail project in Malaysia has been scrapped, government officials said Saturday, adding that the cost of building it was too high. Malaysia has in recent months suspended several major projects signed under the country's

Published 27 Jan, 2019 12:00am

Malaysia scraps multi-billion dollar China-backed project

A multi-billion dollar China-backed rail project in Malaysia has been scrapped, government officials said Saturday, adding that the cost of building it was too high. Malaysia has in recent months suspended several major projects signed under the country''

Published 27 Jan, 2019 12:00am

Trump climbs down in wall row, Congress passes bill ending shutdown

President Donald Trump on Friday brought a temporary end to the longest government shutdown in US history, while dropping his previous insistence on immediate funding for wall construction along the Mexican border.

Published 27 Jan, 2019 12:00am

Trump climbs down in wall row, Congress passes bill ending shutdown

President Donald Trump on Friday brought a temporary end to the longest government shutdown in US history, while dropping his previous insistence on immediate funding for wall construction along the Mexican border.

Published 27 Jan, 2019 12:00am

'Special pool' for social sector tops agendap: NFC to meet on February 6

Finance Minister Asad Umar has convened the first meeting of re-constituted 9th NFC on 6th February and negotiations may focus on creation of a 'special pool' for sharing responsibilities of social sector, security and development of special areas jointly

Published 27 Jan, 2019 12:00am

'Special pool' for social sector tops agendap: NFC to meet on February 6

Finance Minister Asad Umar has convened the first meeting of re-constituted 9th NFC on 6th February and negotiations may focus on creation of a 'special pool' for sharing responsibilities of social sector, security and development of special areas jointly

Published 27 Jan, 2019 12:00am

''Special pool'' for social sector tops agendap: NFC to meet on February 6

Finance Minister Asad Umar has convened the first meeting of re-constituted 9th NFC on 6th February and negotiations may focus on creation of a ''special pool'' for sharing responsibilities of social sector, security and development of special areas joint

Published 27 Jan, 2019 12:00am

Child abuse scandal surfaces in Taunsa Sharif

A scandal pertaining to child abuse surfaced in Taunsa Sharif district of Dera Ghazi Khan on Saturday. The horrendous incident has occurred in the native area of Punjab Chief Minister Usman Buzdar. It has been revealed that the suspect is blackmailing the

Published 27 Jan, 2019 12:00am

Pakistan, India to resume water talks today

A Pakistani delegation will visit India today (Sunday) to hold talks for resolving the thorny water issues between the two countries under the Indus Water Treaty (IWT) signed by the both the countries in 1960. According to details, a three-member delegati

Published 27 Jan, 2019 12:00am

Pakistan, India to resume water talks today

A Pakistani delegation will visit India today (Sunday) to hold talks for resolving the thorny water issues between the two countries under the Indus Water Treaty (IWT) signed by the both the countries in 1960. According to details, a three-member delegati

Published 27 Jan, 2019 12:00am

Mulook returning home to aid in Aasia appeal

Lawyer Saiful Mulook, who fled to the Netherlands after receiving death threats for defending a Christian woman on blasphemy charges, is returning home, a Dutch politician said on Saturday. Joel Voordewind, a member of the Dutch parliament, said in a twee

Published 27 Jan, 2019 12:00am

Mulook returning home to aid in Aasia appeal

Lawyer Saiful Mulook, who fled to the Netherlands after receiving death threats for defending a Christian woman on blasphemy charges, is returning home, a Dutch politician said on Saturday. Joel Voordewind, a member of the Dutch parliament, said in a twee

Published 27 Jan, 2019 12:00am

Al-Azizia reference: IHC to hear Nawaz's plea seeking suspension of sentence tomorrow

The Islamabad High Court (IHC) will hear former Prime Minister Nawaz Sharif's plea seeking suspension of his sentence in Al-Azizia reference on medical grounds on January 28. A two-member judge bench comprising Justice Amir Farooq and Justice Mohsin Akhta

Published 27 Jan, 2019 12:00am

Al-Azizia reference: IHC to hear Nawaz's plea seeking suspension of sentence tomorrow

The Islamabad High Court (IHC) will hear former Prime Minister Nawaz Sharif's plea seeking suspension of his sentence in Al-Azizia reference on medical grounds on January 28. A two-member judge bench comprising Justice Amir Farooq and Justice Mohsin Akhta

Published 27 Jan, 2019 12:00am

Pakistan Media Regulatory Authority: government step not acceptable: APNS

"The APNS strongly deplores the decision of the Federal Cabinet on the formation of Pakistan Media Regulatory Authority which is unacceptable to the media and the civil society of Pakistan.

Published 27 Jan, 2019 12:00am

Pakistan Media Regulatory Authority: government step not acceptable: APNS

"The APNS strongly deplores the decision of the Federal Cabinet on the formation of Pakistan Media Regulatory Authority which is unacceptable to the media and the civil society of Pakistan.

Published 27 Jan, 2019 12:00am

Qatar distributes funds for Gaza's poor

Thousands of impoverished Gazans received $100 payments from Qatar on Saturday, AFP journalists said, after the Gulf emirate brought in over $9 million in aid funds for the Palestinian territory. Hundreds of people queued at post offices in the Gaza Strip

Published 27 Jan, 2019 12:00am

Sherani quits EAC

Economist Sakib Sherani resigned as member of the Economic Advisory Council (EAC) on Saturday. He becomes the 4th member to step down from the EAC. Sherani has cited personal reasons for his resignation. Last year in Sept, Prime Minister Imran Khan announ

Published 27 Jan, 2019 12:00am

Sherani quits EAC

Economist Sakib Sherani resigned as member of the Economic Advisory Council (EAC) on Saturday. He becomes the 4th member to step down from the EAC. Sherani has cited personal reasons for his resignation. Last year in Sept, Prime Minister Imran Khan announ

Published 27 Jan, 2019 12:00am

Sherani quits EAC

Economist Sakib Sherani resigned as member of the Economic Advisory Council (EAC) on Saturday. He becomes the 4th member to step down from the EAC. Sherani has cited personal reasons for his resignation. Last year in Sept, Prime Minister Imran Khan announ

Published 27 Jan, 2019 12:00am

Sherani quits EAC

Economist Sakib Sherani resigned as member of the Economic Advisory Council (EAC) on Saturday. He becomes the 4th member to step down from the EAC. Sherani has cited personal reasons for his resignation. Last year in Sept, Prime Minister Imran Khan announ

Published 27 Jan, 2019 12:00am

Iran accuses France of 'destabilising' region

Iran has accused France of being a destabilising force in the region after its foreign minister threatened new sanctions against Tehran over its missile programme. "The Islamic republic has always called for the strengthening of peace and stability in the

Published 27 Jan, 2019 12:00am

Iran accuses France of 'destabilising' region

Iran has accused France of being a destabilising force in the region after its foreign minister threatened new sanctions against Tehran over its missile programme. "The Islamic republic has always called for the strengthening of peace and stability in the

Published 27 Jan, 2019 12:00am

IMF may press for inclusion of refunds in fiscal deficit: Pasha

The Intern-ational Monetary Fund (IMF) may press Pakistani authorities to include payment of outstanding sales tax and income tax refunds of over Rs 200 billion through promissory notes in the fiscal deficit. This was stated by former finance minister and

Published 27 Jan, 2019 12:00am

IMF may press for inclusion of refunds in fiscal deficit: Pasha

The Intern-ational Monetary Fund (IMF) may press Pakistani authorities to include payment of outstanding sales tax and income tax refunds of over Rs 200 billion through promissory notes in the fiscal deficit. This was stated by former finance minister and

Published 27 Jan, 2019 12:00am

IMF may press for inclusion of refunds in fiscal deficit: Pasha

The Intern-ational Monetary Fund (IMF) may press Pakistani authorities to include payment of outstanding sales tax and income tax refunds of over Rs 200 billion through promissory notes in the fiscal deficit. This was stated by former finance minister and

Published 27 Jan, 2019 12:00am

Dutch ambassador to return to Pakistan

The Dutch ambassador to Pakistan is to return to Islamabad next month after receiving a death threat last year, reportedly from Islamists, angry over anti-Islam tweets by far-right politician Geert Wilders, Dutch media said Saturday.

Published 27 Jan, 2019 12:00am

Dutch ambassador to return to Pakistan

The Dutch ambassador to Pakistan is to return to Islamabad next month after receiving a death threat last year, reportedly from Islamists, angry over anti-Islam tweets by far-right politician Geert Wilders, Dutch media said Saturday.

Published 27 Jan, 2019 12:00am

American hubris

During the past week Islamabad played host to three high-ranking American visitors; all of them coaxing Pakistan to use its misperceived influence with Afghan Taliban to rejoin peace parleys. The reluctance on the part of Taliban leadership to resume talk

Updated 29 Jul, 2019 07:32am

Rampant pollution

The smog that engulfed the plains of Punjab - most nastily Lahore - and parts of upper Sindh during the recent winters seemed to have died out this year since the people could not feel its immediate effects by way of eye or skin irritation and respiratory

Updated 29 Jul, 2019 07:32am

Private sector needs more space

First time in two decades, domestic debt sustainability including PSE debt is in question; about 20 years back, the external debt servicing of the country was too high which was restructured and rescheduled then such as the Paris Club debt. Today, restruc

Published 27 Jan, 2019 12:00am

Trump faces unfamiliar jolt in US govt shutdown row: losing

Donald Trump loves to make the pistol gesture when pronouncing his "You're fired" catchphrase. But in the tussle with Democrats over the longest US government shutdown in history, the legendary dealmaker may have shot himself in the foot. So much of the p

Published 27 Jan, 2019 12:00am

Sudanese professionals emerge as new force defying Bashir

For decades, Sudan's President Omar al-Bashir has kept dissenting voices low and opposition groups in disarray creating a political vacuum that a group of professionals has recently rushed to fill. Public anger against worsening economic hardship and dete

Published 27 Jan, 2019 12:00am

Home remittances

Although the recent spurt in home remittances is a matter of great relief, there are some genuine concerns about their effectivity in relation to country's external sector woes. A sense of complacency seems to have overtaken our policymakers after home re

Published 27 Jan, 2019 12:00am

MQM wants probe to identify bigwigs behind illegal buildings

Muttahida Qaumi Movement-Pakistan (MQM-P) on Saturday requested Supreme Court (SC) to constitute a committee for an audit of the last four decades to ascertain the legality of those buildings now been identified as illegally constructed buildings.

Published 27 Jan, 2019 12:00am

Asfandyar links Pakistan peace with stability in Afghanistan

Awami National Party (ANP) Central president, Afandyar Wali Khan said on Saturday that the peaceful and prosperous Afghanistan is in best interest of Pakistan. He warned of chaos and anarchy in the country if 18th Amendment was changed.

Published 27 Jan, 2019 12:00am

JIT interrogates terrorists involved in Chinese consulate attack

The Joint Investigation Team (JIT) on Saturday obtained information from two of the five arrested terrorists in an ongoing investigation into the attack on the Chinese Consulate in Karachi on November 24 last year. Reportedly, JIT officials moved to the C

Published 27 Jan, 2019 12:00am

By-poll in Karachi PS-94 today

The by-election to the Sindh Assembly seat PS-94 will be held on Sunday (today). The seat had fallen vacant after the death of Muttahida Qaumi Movement Pakistan's (MQM-P) lawmaker Muhammad Wajahat, who won the seat in the general elections, 2018. In this

Published 27 Jan, 2019 12:00am

Government's move to set up PMRA widely slated

Pakistan Bar Council (PBC) and the Supreme Court Bar Association (SCBA) have expressed serious concern at the establishment of Pakistan Media Regulatory Authority (PMRA), replacing the existing print and electronic media statutory media bodies, maintainin

Published 27 Jan, 2019 12:00am

Senate body to invite families of victims of Sahiwal tragedy: Rehman

Chairman Senate Standing Committee on Interior Rehman Malik Saturday refuted the claims that families of those killed in Sahiwal incident were called to Islamabad by the committee. "No official notice by the secretary committee was issued to the families

Published 27 Jan, 2019 12:00am

APNS team meets Punjab's senior minister

Punjab Senior Minister Abdul Aleem Khan has said that media is an important pillar of the state and the present government will extend all-out cooperation to resolve the issues of newspaper industry. "In this connection, a meeting with Punjab Chief Minist

Published 27 Jan, 2019 12:00am

World Customs Day marked

The World Customs Day was observed here on Saturday to recognize the role of Customs officials and agencies in maintaining border security. In this regard, a ceremony was held at Peshawar Customs House, in which Customs Collector Peshawar, Dr Muhammad Sae

Published 27 Jan, 2019 12:00am

KU administration reaffirms respect for military leadership

The KU administration has warned that no one will be allowed to deteriorate peaceful environment of the University of Karachi through false propaganda aimed at misleading people on KU and the military leadership.

Published 27 Jan, 2019 12:00am

Curbing smuggling, narcotics: Alvi stresses need for utilising modern technology

President Dr Arif Alvi Saturday stressed the need for utilizing latest technology in order to curb the menace of smuggling and narcotics trade. Addressing at a ceremony organized on the international customs day at Customs House, he said that the fast pac

Published 27 Jan, 2019 12:00am

Currency

Sale of dry fruits remains low due to high prices

The sale of dry fruits remains sluggish during the current winter season due to high prices which made it beyond the reach of the common man. The winter is the peak season for dry fruit sellers and around 70 percent of the annual sale happens during winte

Published 27 Jan, 2019 12:00am

Cold, dry weather forecast for most parts of country

Temperature dropped to minus 16 degrees Celsius in Skardu over the past 24 hours, as the Met Office on Saturday forecast that the most parts of the country are expected to witness a cold and dry weather on Sunday. Makran, Karachi and other coastal areas m

Published 27 Jan, 2019 12:00am

Adviser for early resolution of KCIP issues

Razak Dawood, an advisor to PM on Commerce, Industry and Textile directed the officials concerned to set deadlines for resolution of issues being faced by the stakeholders at Korangi Creek Industrial Park (KCIP). The directives were made during his meetin

Published 27 Jan, 2019 12:00am

Centre accused of double standards

Adviser to Sindh Chief Minister on Information & Archives, Law, and Anti-Corruption Establishment barrister Murtaza Wahab in a statement on Saturday said that the Federal Government should be aware of the fact that Karachi is not alone or orphan.

Published 27 Jan, 2019 12:00am

New industrial policy to attract local & foreign investors: Dawood

Abdul Razzak Dawood, Advisor to Prime Minister on Commerce, Textile, Industry & Production and Investment, Saturday said that consultation process for preparation of new industrial policy will be initiated very soon. It will be a long-term and business fr

Published 27 Jan, 2019 12:00am

Over 390 awarded degrees at Isra university convocation

"We live in an age of innovation and change, and in such an age, the universities have a special obligation. They must hold fast to the best of the past, and do more for the best of the future", said Prof Dr Asadullah Kazi, Chancellor, Isra University whi

Published 27 Jan, 2019 12:00am

Efforts under way to bring prosperity: Sarwar

The Punjab governor Chuadhry Mohammad Sarwar Saturday said the Pakistan Tehreek-e-Insaf government is taking difficult decisions, to bring era of prosperity and development in Pakistan. "Provision of justice, supremacy of constitution, stability of econom

Published 27 Jan, 2019 12:00am

Procurement of considerable quantity of potato under study

The federal government is considering to procure considerable quantity of potato in a bid to facilitate potato growers and avoid crisis like situation, it is learnt. Official sources revealed to Business Recorder that an important meeting regarding

Published 27 Jan, 2019 12:00am

Paragon Housing Scam: Physical remand of Khawaja brothers extended

An accountability court here Saturday extended the physical remand of former Railways Minister Khawaja Saad Rafiqe and his brother Khawaja Salman Rafiqe in Paragon Housing Scam till February 2. Earlier, the NAB prosecutor pleaded the NAB could not continu

Published 27 Jan, 2019 12:00am

PTA terms 'mini-budget' export driven, investment-oriented

The Chairman (Central) of Pakistan Tanners Association (PTA) Agha Saiddain has termed the mini budget presented before the National Assembly on January 23 as positive step, export driven and investment friendly. While talking to Business Recorder h

Published 27 Jan, 2019 12:00am

Nespak undertakes 3,900 projects in Pakistan and abroad

National Engineering Services Pakistan (Pvt) Limited has successfully completed 45 years of its establishment and during the last four and a half decades, it has undertaken 3,900 development projects within Pakistan and 37 other countries of the world wit

Published 27 Jan, 2019 12:00am

Reforms package to help revive business sentiment: BMP chief

The Businessmen Panel (BMP) of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has said the sudden depreciation in rupee's value that declined by 26 percent during last year put the businessmen in great confusion. BMP Chairman Mian An

Published 27 Jan, 2019 12:00am

Punjab discusses steps for promoting investment

A high-level meeting under the chair of Provincial Minister for Industries Mian Aslam Iqbal and Finance Minister Makhdoom Hashim Jawan Bakht was held at the office of Punjab Board of Investment here today. Measures and proposals for the promotion of inves

Published 27 Jan, 2019 12:00am

Roadmap for providing latest health facilities finalised: CM

Punjab Chief Minister Sardar Usman Buzdar on Saturday said the roadmap has been prepared to provide modern health facilities to the people. "Resources will be provided on priority basis to improve health facilities; while implementation of reforms in the

Published 27 Jan, 2019 12:00am

PHMA lauds government's initiatives, schemes at domestic level

The Pakistan Hosiery Manufacturers Association (PHMA) has welcomed various policy initiatives and schemes of the government at domestic level in order to achieve sustainable growth, modernization and value addition, asking the authorities to also work for

Published 27 Jan, 2019 12:00am

Marriage halls' owners withdraw shutdown call

Marriage halls association on Saturday withdrew their call to close down marriage hall after Mayor Karachi opposed any move to demolish the halls and Minister for local government Saeed Ghani assured the association to halt demolition drive to begin from

Published 27 Jan, 2019 12:00am

South African maize planting area seen down 14 percent from last season

South African maize farmers are expected to plant 14 percent less of the staple crop in the 2018/2019 season compared with the previous season after dry conditions delayed plantings outside the optimum window. South Africa's Crop Estimates Committee (CEC)

Published 27 Jan, 2019 12:00am

China aluminium production surges to record monthly high

China's primary aluminium output defied low prices to rise for a second straight month to a record high in December, while 2018 annual output was also a record, official data showed on Monday. The world's top aluminium maker produced 3.05 million tonnes o

Published 27 Jan, 2019 12:00am

France's Senalia eyes role in Ukraine exports, Algeria logistics

French grain terminal operator Senalia is considering developing a port facility in Ukraine and hopes to finalise a logistics joint venture in Algeria this year as it reaches beyond its home market for the first time, its top executive said. Cooperative-o

Published 27 Jan, 2019 12:00am

Ivory Coast rains revive hopes for a strong cocoa mid-crop

mix of strong rains and sunny spells last week in most of Ivory Coast's cocoa regions augurs well for the April-to-September mid-crop's development, farmers said on Monday. Ivory Coast, the world's top cocoa producer, is in the dry season that runs from N

Published 27 Jan, 2019 12:00am

Vegetable Oil

Vegetable oil prices to rise $50-$100 per tonne by June

Prices of vegetable oils including palm oil are set to rise by $50-$100 per tonne by June, according to a forecast by industry analyst James Fry. "Prices of crude palm oil and other oils depend on the outlook for palm stocks. Stocks will fall till mid-yea

Published 27 Jan, 2019 12:00am

Brazil forecasts smaller coffee crop in 2019, possibly supporting prices

Brazil's 2019 coffee crop is seen at between 50.48 million bags and 54.48 million bags, compared to 61.65 million bags produced in 2018, as the off-year in arabica's production cycle cuts overall output, the government agency Conab said on Thursday. Silvi

Published 27 Jan, 2019 12:00am

'Shocked' Osaka wins Australian Open to become world number one

Japan's Naomi Osaka said she was "in a state of shock" Saturday after holding her nerve to battle past Petra Kvitova and win the Australian Open in a three-set thriller that also gives her the world number one ranking.

Published 27 Jan, 2019 12:00am

Amir back as Pakistan T20 squad announced

Pacer Mohammad Amir was recalled in the T-20 squad, as the Pakistan Cricket Board (PCB) Saturday announced a 15-man squad for the upcoming 20-over series against South Africa. The Pakistani squad includes one change from the one that defeated Australia an

Published 27 Jan, 2019 12:00am

Noor Zaman wins All Pakistan Junior Open Squash Championship

Noor Zaman clinched the trophy after defeating Asad Ullah in the final of the All Pakistan National Junior Open Squash Championship played here at PAF Hashim Khan Squash Complex on Saturday. Secretary Irrigation Khyber Pakhtunkhwa Daud Khan was the chief

Published 27 Jan, 2019 12:00am

Pakistan women's team for West Indies T20Is and ODIs announced

The Pakistan women's selection committee, headed by former men's Test cricketer Jalaluddin, has announced the sides for the upcoming T20Is and ODIs against the West Indies. Karachi will host the three T20Is on 31 January, 1 and 3 February, while Dubai wi

Published 27 Jan, 2019 12:00am

Nepal's Paudel eclipses Tendulkar, Afridi with international fifty

Nepal batsman Rohit Paudel became the youngest male cricketer to score an international fifty on Saturday at the age of 16 years and 146 days, breaking Sachin Tendulkar's previous mark. He is also the youngest man to score a one-day international half-cen

Published 27 Jan, 2019 12:00am

Sharma, Dhawan flay New Zealand

India's celebrated opening pair Rohit Sharma and Shikhar Dhawan produced yet another century stand Saturday to set up an overwhelming 90-run win in the second one-day international against New Zealand. Sharma put their match-winning effort at Mount Maung

Published 27 Jan, 2019 12:00am

Chase stars as West Indies close in on dominant win

Roston Chase took three wickets with his off-spin in the afternoon session as the West Indies closed in on a massive victory over England on the fourth day of the first Test at Kensington Oval in Barbados on Saturday.

Published 27 Jan, 2019 12:00am

Venezuelan Foreign Minister rejects EU ultimatum for new election

Venezuela's foreign minister rejected a European ultimatum Saturday to hold elections within eight days, insisting that Nicolas Maduro remained the legitimate president despite US-led pressure. "Nobody is going to give us deadlines or tell us if there are

Published 27 Jan, 2019 12:00am

Israeli settlers kill Palestinian in the West Bank

Israeli settlers shot and killed a Palestinian man in the occupied West Bank on Saturday, Palestinian officials and the Israeli military said. The incident followed a confrontation between settlers and Palestinians near the city of Ramallah in which a set

Published 27 Jan, 2019 12:00am

Flooding kills five in snow-hit Algeria

Algeria's civil protection unit said Saturday five people died after being swept away by flood waters as a cold snap in the Maghreb brought snow to several of the country's regions. "All the victims have been retrieved over the last 48 hours after being s

Published 27 Jan, 2019 12:00am

Tunisia, Russia call for Arab League to readmit Syria

Syria's "natural place" is within the Arab League, Tunisia's foreign minister said Saturday, ahead of the organisation's annual summit in Tunis in March. "Syria is an Arab state, and its natural place is within the Arab League," Khemaies Jhinaoui said dur

Published 27 Jan, 2019 12:00am

Damascus condemns Turkey presence in north Syria

The Syrian government on Saturday condemned Turkey's military presence in northern Syria as a violation of a 1998 protocol between the two countries. Turkey's President Recep Tayyip Erdogan has insisted the Adana Protocol gives his country the right to in

Published 27 Jan, 2019 12:00am

Turkey renews flights to Iraqi Kurd city after 16-month ban

Flights between Turkey and the Iraqi Kurdish city of Sulaimaniyah resumed Saturday, according to aviation authorities, after a 16-month air blockade imposed by Ankara over an independence referendum. Kurds in the administratively autonomous northern regio

Published 27 Jan, 2019 12:00am

Around 300 missing, many feared dead in Brazil dam collapse

Nearly 300 people were missing, many feared dead, on Saturday after a dam collapsed at a mine in southeastern Brazil, according to officials and the mine owner, corporate giant Vale. Emergency services said they had recovered nine bodies from the massive

Published 27 Jan, 2019 12:00am

Oscar-winning French composer Michel Legrand dies

Prolific French composer Michel Legrand, who won three Oscars and five Grammys during a career spanning more than half a century, died aged 86 on Saturday, prompting an outpouring of tributes for his "inexhaustible genius". Legrand's music spanned a wide

Published 27 Jan, 2019 12:00am

Saudi seeks to attract $427 billion with industrial programme

Saudi Arabia aims to attract investment worth 1.6 trillion riyals ($427 billion) in the next decade through an industrial development programme aimed at diversifying the economy, Energy Minister Khalid al-Falih said on Saturday. He said the kingdom would

Published 27 Jan, 2019 12:00am

Swiss Re makes digital side-bet as premiums languish

The world's second-largest reinsurer, Swiss Re, plans to double down on a small, new online insurance venture as its huge core business continues to be pinched by losses on natural disasters and what it calls unsustainably low premiums. Chief Executive Ch

Published 27 Jan, 2019 12:00am

Germany should phase out coal use by 2038: commission

Germany should stop using coal for electricity production by 2038, a government-appointed commission said Saturday, laying out an 80-billion euro roadmap to phase out the polluting fuel. The commission agreed to the deadline after months of bitter wrangli

Published 27 Jan, 2019 12:00am

French 'yellow vests' defy Macron with fresh protests

Thousands of "yellow vest" demonstrators marched through Paris and other cities on Saturday on the 11th weekend of action against the government, suggesting President Emmanuel Macron has yet to defuse public opposition to some of his policies. The protest

Published 27 Jan, 2019 12:00am

MoneyGram exploring options, including potential sale

MoneyGram International Inc is exploring strategic alternatives, including a sale of the company, a year after a US government panel nixed its $1.2 billion sale to China's Ant Financial, people familiar with the matter said on Friday. The Dallas-based com

Published 27 Jan, 2019 12:00am

China confident of keeping 2019 growth within 'appropriate range'

China is fully confident that it is capable of keeping its economic growth rate within an appropriate range in 2019 in spite of challenges, state news agency Xinhua reported Chinese Premier Li Keqiang as saying on Friday. "China's economy has enough resil

Published 27 Jan, 2019 12:00am

Currency

Dollar slides as Trump calls temporary end to partial govt shutdown

The dollar fell to a more than one-week low on Friday, holding losses, after US President Donald Trump announced a tentative agreement with lawmakers to end a partial US government shutdown for three weeks. Trump's announcement briefly pared the dollar's

Published 27 Jan, 2019 12:00am

Currency

Indian rupee seen facing more punishment, but no new record low

The battered Indian rupee will take another bruising this year, despite a recent revival, weighed down by uncertainty around national elections in May and an expected economic slowdown, a Reuters poll found. While the currency recovered nearly 6 percent a

Published 27 Jan, 2019 12:00am

Crypto value unproven, blockchain years away from mainstream: JP Morgan

The value of cryptocurrencies is unproven and the widely-hyped blockchain technology that grew out of them will not make any real difference to banks for at least three to five years, JP Morgan analysts said on Thursday. The comments underscored widesprea

Published 27 Jan, 2019 12:00am

Currency	Rate
USD PKR Interbank Selling / Mar 28	281.85
USD PKR Interbank Buying / Mar 28	279.71
USD to Japanese Yen / Apr 1	149.58
USD to Swiss Franc / Apr 1	0.88
Pound Sterling to USD / Apr 1	1.29
Euro to USD / Apr 1	1.08
UK LIBOR % / Mar 27	4.96

Stock	Volume
S&P 500 / Mar 28	5,580.94
Nasdaq / Mar 28	17,322.99
Dow Jones / Mar 28	41,583.90
India Sensex / Apr 1	77,103.74
Tokyo Nikkei / Apr 1	35,624.48
Hang Seng / Apr 1	23,206.84
FTSE 100 / Apr 1	8,653.57
Germany DAX 30 / Apr 1	22,445.60
France CAC40 / Apr 1	7,860.39

Item	Value
Gold 10 Grams PKR / Mar 27	275,205
Karachi Cotton PKR/37.32 KG / Mar 28	17,085
Crude Oil USD/Barrel / Apr 1	71.27
Gold Spot USD/Ounce / Apr 1	3,158.40
Cotton US¢/pound / Apr 1	66.88
Petrol/Litre / Apr 2	254.63
Diesel/Litre / Apr 2	258.64

Stock	Price
Mughal Iron & Steel (R) / Mar 27 Mughal Iron & Steel Industries Limited (R)(MUGHALR2)	4.01 ▲ 1 (33.22%)
Parmount Sp. / Mar 27 Paramount Spinning Mills Limited(PASM)	4.10 ▲ 0.59 (16.81%)
Shaheen Ins. / Mar 27 Shaheen Insurance Company Limited(SHNI)	7.50 ▲ 0.97 (14.85%)
Popular Islamic / Mar 27 Popular Islamic Modaraba(PIM)	15.02 ▲ 1.37 (10.04%)
Diamond Ind. / Mar 27 Diamond Industries Limited(DIIL)	33.83 ▲ 3.08 (10.02%)
Sardar Chemical / Mar 27 Sardar Chemical Industries Limited(SARC)	35.95 ▲ 3.27 (10.01%)
J.K.Spinning / Mar 27 J.K. Spinning Mills Limited(JKSM)	69.58 ▲ 6.33 (10.01%)
Data Agro / Mar 27 Data Agro Limited(DAAG)	106.28 ▲ 9.66 (10%)
Leiner Pak Gelat / Mar 27 Leiner Pak Gelatine Limited(LPGL)	121.88 ▲ 11.08 (10%)
Allawasaya Tex / Mar 27 Allawasaya Tex. & Finishing Mills Ltd(AWTX)	1,429.95 ▲ 130 (10%)

Stock	Price
Arif Habib Corp / Mar 27 Arif Habib Corporation Limited(AHCL)	11.60 ▼ -98.09 (-89.42%)
Elahi Cot. / Mar 27 Elahi Cotton Mills Limited(ELCM)	135.93 ▼ -15.1 (-10%)
Khalid Siraj / Mar 27 Khalid Siraj Textile Mills Limited(KSTM)	8.03 ▼ -0.87 (-9.78%)
PIA Holding Co.B / Mar 27 PIA Holding Company Limited B(PIAHCLB)	874.01 ▼ -93.68 (-9.68%)
Saritow Spinning / Mar 27 Saritow Spinning Mills Limited(SSML)	18.90 ▼ -1.75 (-8.47%)
Cordoba Logistics / Mar 27 Cordoba Logistics & Ventures Limited(CLVL)	12.61 ▼ -1.15 (-8.36%)
Sally Textile / Mar 27 Sally Textile Mills Limited(SLYT)	11.01 ▼ -0.99 (-8.25%)
Masood Textile / Mar 27 Masood Textile Mills Limited(MSOT)	49.06 ▼ -4.27 (-8.01%)
Universal Ins. / Mar 27 The Universal Insurance Company Limited(UVIC)	9.57 ▼ -0.73 (-7.09%)
Al-Khair Gadoon / Mar 27 Al-Khair Gadoon Limited(AKGL)	42 ▼ -3.1 (-6.87%)

Stock	Volume
Cnergyico PK / Mar 27 Cnergyico PK Limited(CNERGY)	45,325,056 ▲ 0.31
Pak Elektron / Mar 27 Pak Elektron Limited(PAEL)	29,179,304 ▲ 0.67
P.S.O. / Mar 27 Pakistan State Oil Company Limited(PSO)	26,879,128 ▲ 1.58
Arif Habib Corp / Mar 27 Arif Habib Corporation Limited(AHCL)	20,499,919 ▼ -98.09
WorldCall Telecom / Mar 27 Worldcall Telecom Limited(WTL)	16,191,931 ▼ -0.03
B.O.Punjab / Mar 27 The Bank of Punjab(BOP)	16,148,304 ▼ -0.2
Pak Petroleum / Mar 27 Pakistan Petroleum Limited(PPL)	15,934,134 ▼ -1.85
Engro Fert. / Mar 27 Engro Fertilizers Limited(EFERT)	14,419,464 ▲ 0.5
Fauji Cement / Mar 27 Fauji Cement Company Limited(FCCL)	14,194,696 ▲ 0.53
Maple Leaf Cement / Mar 27 Maple Leaf Cement Factory Limited(MLCF)	11,282,647 ▲ 0.09

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