News Archives for Print - 2019-02-02

Asif for making PPRA rules business-friendly

The government needs to amend Public Procurement Regulatory Authority (PPRA) rules immediately and make them business friendly as these rules are creating serious hurdles in starting of any new project. This was stated by Khawaja Mohammad Asif, former fed

Published 02 Feb, 2019 12:00am

FBR extends deadline for revised returns

The Federal Board of Revenue (FBR) has extended the date for filing of revised returns under section 214E of the Income Tax Ordinance 2001 up to February 28, 2019. According to circular number 1 of 2019 issued by the FBR here on Friday, in exercise of pow

Published 02 Feb, 2019 12:00am

FBR extends deadline for revised returns

The Federal Board of Revenue (FBR) has extended the date for filing of revised returns under section 214E of the Income Tax Ordinance 2001 up to February 28, 2019. According to circular number 1 of 2019 issued by the FBR here on Friday, in exercise of pow

Published 02 Feb, 2019 12:00am

FBR extends deadline for revised returns

The Federal Board of Revenue (FBR) has extended the date for filing of revised returns under section 214E of the Income Tax Ordinance 2001 up to February 28, 2019. According to circular number 1 of 2019 issued by the FBR here on Friday, in exercise of pow

Published 02 Feb, 2019 12:00am

Military intervention not imminent in Venezuela: US

Military intervention in Venezuela by the United States is not imminent, US President Donald Trump's national security adviser said on Friday, but reiterated that all options remain on the table. Asked if US military intervention was imminent - or by Braz

Published 02 Feb, 2019 12:00am

Military intervention not imminent in Venezuela: US

Military intervention in Venezuela by the United States is not imminent, US President Donald Trump's national security adviser said on Friday, but reiterated that all options remain on the table. Asked if US military intervention was imminent - or by Braz

Published 02 Feb, 2019 12:00am

Currency

SBP's quarterly report: Textile exporters fail to raise their share in US imports

Despite higher demand, Pakistani textile exporters failed to increase their share in US imports, mainly due to price competitiveness. The US's total textile and apparel imports grew at a higher rate in the first quarter of this fiscal year (Q1FY19) than t

Published 02 Feb, 2019 12:00am

Currency

SBP's quarterly report: Textile exporters fail to raise their share in US imports

Despite higher demand, Pakistani textile exporters failed to increase their share in US imports, mainly due to price competitiveness. The US's total textile and apparel imports grew at a higher rate in the first quarter of this fiscal year (Q1FY19) than t

Published 02 Feb, 2019 12:00am

Currency

SBP''s quarterly report: Textile exporters fail to raise their share in US imports

Despite higher demand, Pakistani textile exporters failed to increase their share in US imports, mainly due to price competitiveness. The US''s total textile and apparel imports grew at a higher rate in the first quarter of this fiscal year (Q1FY19) than

Published 02 Feb, 2019 12:00am

Currency

SBP''''s quarterly report: Textile exporters fail to raise their share in US imports

Despite higher demand, Pakistani textile exporters failed to increase their share in US imports, mainly due to price competitiveness. The US''''s total textile and apparel imports grew at a higher rate in the first quarter of this fiscal year (Q1FY19) tha

Published 02 Feb, 2019 12:00am

Modi government steps up farm support, gives tax relief in pre-election budget

India's government pledged 750 billion rupees ($10.56 billion) to support poor farmers and reduced the tax burden for the middle class on Friday, as it looked to rally support from voters with the final budget before a general election. Heading into polls

Published 02 Feb, 2019 12:00am

Modi government steps up farm support, gives tax relief in pre-election budget

India's government pledged 750 billion rupees ($10.56 billion) to support poor farmers and reduced the tax burden for the middle class on Friday, as it looked to rally support from voters with the final budget before a general election. Heading into polls

Published 02 Feb, 2019 12:00am

Modi government steps up farm support, gives tax relief in pre-election budget

India''s government pledged 750 billion rupees ($10.56 billion) to support poor farmers and reduced the tax burden for the middle class on Friday, as it looked to rally support from voters with the final budget before a general election. Heading into poll

Published 02 Feb, 2019 12:00am

Modi government steps up farm support, gives tax relief in pre-election budget

India''''s government pledged 750 billion rupees ($10.56 billion) to support poor farmers and reduced the tax burden for the middle class on Friday, as it looked to rally support from voters with the final budget before a general election. Heading into po

Published 02 Feb, 2019 12:00am

SC moved against ex-CJ Nisar

The Supreme Court has been moved to initiate contempt of court proceedings against former Chief Justice of Pakistan Mian Saqib Nisar for commenting on a pending case. Hafiz Ihtesham Ahmed on Friday filed an appeal against the objection of the SC Registrar

Published 02 Feb, 2019 12:00am

SC moved against ex-CJ Nisar

The Supreme Court has been moved to initiate contempt of court proceedings against former Chief Justice of Pakistan Mian Saqib Nisar for commenting on a pending case. Hafiz Ihtesham Ahmed on Friday filed an appeal against the objection of the SC Registrar

Published 02 Feb, 2019 12:00am

Business confidence stands at 12 percent negative: OICCI

Overseas Investors Chamber of Commerce and Industry (OICCI) has released the results of its Business Confidence Index (BCI) Survey - Wave 17, which shows that the overall business confidence in Pakistan stands at 12 percent negative, a 26 percent decline

Published 02 Feb, 2019 12:00am

Business confidence stands at 12 percent negative: OICCI

Overseas Investors Chamber of Commerce and Industry (OICCI) has released the results of its Business Confidence Index (BCI) Survey - Wave 17, which shows that the overall business confidence in Pakistan stands at 12 percent negative, a 26 percent decline

Published 02 Feb, 2019 12:00am

Business confidence stands at 12 percent negative: OICCI

Overseas Investors Chamber of Commerce and Industry (OICCI) has released the results of its Business Confidence Index (BCI) Survey - Wave 17, which shows that the overall business confidence in Pakistan stands at 12 percent negative, a 26 percent decline

Published 02 Feb, 2019 12:00am

Cotton

Export boost: Senate panel asks Razak to come up with roadmap

The Senate Standing Committee on Commerce and Textile has sought a roadmap on how to increase exports from the Prime Minister's Advisor on Commerce, Textile, Industries and Production and Investment, Abdul Razak Dawood in addition to an update on Textile

Published 02 Feb, 2019 12:00am

Cotton

Export boost: Senate panel asks Razak to come up with roadmap

The Senate Standing Committee on Commerce and Textile has sought a roadmap on how to increase exports from the Prime Minister's Advisor on Commerce, Textile, Industries and Production and Investment, Abdul Razak Dawood in addition to an update on Textile

Published 02 Feb, 2019 12:00am

Cotton

Export boost: Senate panel asks Razak to come up with roadmap

The Senate Standing Committee on Commerce and Textile has sought a roadmap on how to increase exports from the Prime Minister''s Advisor on Commerce, Textile, Industries and Production and Investment, Abdul Razak Dawood in addition to an update on Textile

Published 02 Feb, 2019 12:00am

Currency

Govt must have its own reform agenda

The Chief Economist of United Kingdom Department for International Development (DFID), Rachel Glennester, in an exclusive interview with Business Recorder followed by interaction with select media personnel emphasized the importance of Pakistan gov

Updated 13 Mar, 2019 07:50am

Finding the 'missing'

Creditably for it, the PTI government has taken an important step towards addressing the deeply distressing issue of 'missing persons'. While presiding over a meeting with officials concerned, Prime Minister Imran Khan gave the go-ahead to human rights mi

Updated 13 Mar, 2019 07:50am

Karachi

The city of Karachi was once rated as one of the best and cleanest cities of Asia. Its streets were cleaned every morning and garbage collected. It was a city where buses and trams transported the public, maintaining their dignity. It was a city where Mus

Published 02 Feb, 2019 12:00am

Focus appears to be towards protectionism

Arguably, the Finance Bill (the Bill) recently introduced in the parliament perhaps might not qualify as a Finance Bill under a stricter interpretation of the term; and accordingly may not require much analysis or debate. However that apparently did not s

Published 02 Feb, 2019 12:00am

Big cash holdings in Europe signal unease over stock market outlook

Stocks may have started the new year on a better footing but equity investors in Europe are hanging on to unusually big cash piles, signalling growing unease over the market's prospects.

Published 02 Feb, 2019 12:00am

What is actually ailing economy?

There is no doubt about the fact that BR op-ed writer Shabir Ahmed writes with conviction; in fact genuine conviction. Through his articles he seeks to draw the attention of our policymakers to his own diagnosis of the country's bruised, battered and bele

Published 02 Feb, 2019 12:00am

Afghan Taliban, ex-warlords to gather in Moscow on February 5

Afghan Taliban and former warlords will gather in Moscow on February 5-6 to discuss the prevailing situation in Afghanistan and ongoing efforts for restoration of peace and stability in the war-torn country.

Published 02 Feb, 2019 12:00am

Shahbaz lambastes PTI government for abolishing Hajj subsidy

Leader of the Opposition in National Assembly and President Pakistan Muslim League-Nawaz (PML-N), Shahbaz Sharif Friday lambasted the PTI government's move to abolish Hajj subsidy and vowed to raise the matter in the National Assembly. In a statement, Sha

Published 02 Feb, 2019 12:00am

JUI, activists protest against Aasia Bibi's acquittal

Activists of Jamiat Ulema-e Islam (JUI) and students of different seminaries staged a protest against the Supreme Court (SC) judgement wherein the top court rejected a review petition against its decision to acquit Aasia Bibi in a blasphemy case.

Published 02 Feb, 2019 12:00am

IHC orders removal of ex-Nadra chief's name from ECL

The Islamabad High Court (IHC) Friday directed to remove former Chairman National Database and Registration Authority (NADRA) Tariq Malik's name from the Exit Control List (ECL). A single bench of IHC comprising Justice Aamer Farooq heard the petition of

Published 02 Feb, 2019 12:00am

ICT police sign MoU with several schools

Islamabad Police have signed a memorandum of understanding (MoU) with various educational institutions for free education to children of police martyrs and 50 percent fee concession to the serving employees of the force.

Published 02 Feb, 2019 12:00am

Opposition in Senate jettisons hike in Hajj expenses: budget recommendations approved

Rejecting 63 percent increase in Hajj expenses, the opposition lawmakers tabled a calling attention notice in Senate on Friday, saying the move reflects how serious the incumbent government is to make the country a model like 'State of Medina.'

Published 02 Feb, 2019 12:00am

NA standing bodies to be formed next week

The standing committees of the National Assembly would be constituted next week and their first task would be to discuss budgetary proposals to the Public Sector Development Programme (PSDP) for the next financial year 2019-20 and they shall make recommen

Published 02 Feb, 2019 12:00am

Hajj obligatory upon resourceful people only: minister

Federal Minister for Religious Affairs and Interfaith Harmony, Noorul Haq Qadri on Friday said only those people who have resources should perform Hajj. Talking to media in Shaheed Benazir Bhutto Women University Peshawar, the minister said more than 1,84

Published 02 Feb, 2019 12:00am

Three top officers of ICT police transferred & posted

Ministry of Interior Friday issued transfer and posting orders of three top officers of city police. According to a notification issued by Ministry of Interior, Deputy Inspector General (operation) Faisal Ali Raja, a grade-20 officer, has been transferred

Published 02 Feb, 2019 12:00am

Two women killed as car plunges into ravine

At least two women were killed while seven other including a child and a woman sustained injuries when a car fall into a ravine in Daskor area of Wari Subdivision in Upper Dir, police said on Friday.

Published 02 Feb, 2019 12:00am

AC extends physical remand of alleged fraudsters

An Accountability Court (AC) on Friday extended physical remand of accused Muhammad Zubair Khan Owners of M/S FMG Global and Riaz Ahmad Regional Manager for another 10 days. The accused persons in connivance with each other lured general public to invest

Published 02 Feb, 2019 12:00am

1500 shopkeepers of Korangi threaten to go on strike

Traders of city's one busy shopping markets - 'Korangi number-6 market' will go on a shutter-down strike for an indefinite period from Saturday against the demolition notices from Karachi Development Authority (KDA). Korangi-6 Mark Federation chairman Muh

Published 02 Feb, 2019 12:00am

Probe into Rs 50 million ransom paid to surgeon's abductors ordered

Deputy Inspector General (DIG) Quetta Abdul Razzaq Cheema on Friday ordered an inquiry into the Rs50 million ransom money paid for the recovery of Civil Hospital neurosurgeon Dr Sheikh Ibrahim Khalil who was abducted from Quetta.

Published 02 Feb, 2019 12:00am

Oil sales decline by 16 percent on YoY basis

The oil sales declined by 16 percent on year-on-year basis in January 2019. Pakistan Oil Marketing Companies (OMCs) started 2019 with declining sales numbers where Ex-FO sales continued to portray downward trend in its monthly numbers for last few months,

Published 02 Feb, 2019 12:00am

July-December 2018-19: pulses import goes up to $287.829 million

Pakistan pulses import went up to $287.829 million in July-Dec 2018-19, lower 7 percent down, official figures say. Increase in pulses import now comes to the tune of $17.926 million in July-Dec 2018-19 from $269.903 million in July-Dec 2017-18, Pakistan

Published 02 Feb, 2019 12:00am

Bilawal vows to protect 18th Amendment

Pakistan Peoples Party (PPP) chairman Bilawal Bhutto-Zardari on Friday blamed the federal government for not acting upon the 18th Amendment. "There are attempts to snatch institutions established by the Sindh government. But, we will protect 18th Amendmen

Published 02 Feb, 2019 12:00am

SHC disposes of Gilani's petition against FIA

Sindh High Court (SHC) on Friday disposed of the petition of former prime minister Yousaf Raza Gilani against Federal Investigation Agency (FIA) over initiating the cases against him. SHC's bench headed by Justice Naimatullah Phulphoto disposed of the pet

Published 02 Feb, 2019 12:00am

Five killed in Panjgur firing

Firing of unknown men on Friday claimed the lives of five people in Pangur district. Unknown people in the west Balochistan's district of Panjgur opened fire which resulted in the loss of five lives. Police shifted the dead bodies to a nearby hospital and

Published 02 Feb, 2019 12:00am

Three-day CNG stations' closure announced

The gas supply to compressed natural gas (CNG) filling stations across Sindh will remain suspended on February 4, 6 and 8, said Sui Southern Gas Company (SSGC) spokesperson. The spokesperson said that the gas supply to Industrial sector would remain suspe

Published 02 Feb, 2019 12:00am

Charges against Karachi mayor: SHC refers Vawda's petition to NAB

Sindh High Court (SHC) Friday ordered the National Accountability Bureau (NAB) to look into the petition of Federal Minister for Water Resources, Faisal Vawda against Mayor Karachi Waseem Akhtar for alleged misappropriation of public funds. A division ben

Published 02 Feb, 2019 12:00am

World Bank-supported programme: CM for enhanced credibility of fiscal policy

Sindh Finance Department team is examining existing rules to suggest necessary legislation for the World Bank-supported Medium Term Fiscal Framework (MTFF) and Fiscal Responsibility and Debt Management (FRDM).

Published 02 Feb, 2019 12:00am

CS orders for completing Sindh ADP schemes by June 30

Sindh Chief Secretary Syed Mumtaz Ali Shah on Friday ordered the concerned authorities to ensure that all development schemes under ADP (Annual Development Programme) are completed by June 30, 2019. Presiding over an important meeting, he asked the admini

Published 02 Feb, 2019 12:00am

Cold, dry weather likely to persist

Mainly cold and dry weather is expected in the most parts of the country in the next 24 hours, the Met Office said on Friday. Fog is likely in south Punjab and upper Sindh during morning/night. "Continental air is prevailing over most parts of the country

Published 02 Feb, 2019 12:00am

Bank holiday

The State Bank of Pakistan and all banks will remain closed on 5th February, 2019 (Tuesday) on the occasion of "Kashmir Solidarity Day" as declared by the Government of Pakistan.

Published 02 Feb, 2019 12:00am

Raise in key policy rate will bring economy to a halt: BMP

Businessmen Panel of Federation of Pakistan Chambers of Commerce and Industry has apprehended that increase in key policy rate by 25 basis points to 10.25 percent effective from 1st February 2019 touching six-year high will bring the economy to a standsti

Published 02 Feb, 2019 12:00am

Revenue collection: MCC Lahore registers 29 percent growth in January

During the month of January, the Model Customs Collectorate (MCC) Appraisement Lahore has collected Rs 3028 million against Rs 2340 million during January, 2018, thus registering growth of 29%. Overall, the Collectorate collected Rs 6885 million during Ja

Published 02 Feb, 2019 12:00am

Need to promote tourism stressed

Welcoming the government's timely judicious decision of allowing tourists from 175 countries to visit Pakistan with visa on arrival, SAARC CCI Senior Vice President (SVP) Iftikhar Ali Malik has said still government needs to take more concrete steps for m

Published 02 Feb, 2019 12:00am

Economy is improving, claims CM

The Punjab Chief Minister Sardar Usman Buzdar Friday said the government has taken difficult decisions to move the economy on the right direction and positive results have been achieved. "Problems are temporary; national economy is improving and people wi

Published 02 Feb, 2019 12:00am

Punjab finance department releases 3Q funds

The Punjab Finance Department has said that FD has released third quarter of funds in respective Special Drawing Accounts (SDA) and it is under process as and when the reference is received from respective administrative department. "There is nothing pend

Published 02 Feb, 2019 12:00am

Shell Pakistan's three retail fuel sites re-launched

Shell Pakistan re-launched three retail fuel sites, located in the Liberty, Garden Town and Iqbal Town areas of Lahore. These company-owned retail fuel sites will ensure that the consumers refueling their vehicles will be provided top of the line services

Published 02 Feb, 2019 12:00am

14th Cholistan Desert Rally from February 14

The Tourism Development Corporation of Punjab (TDCP) will hold Pakistan biggest motor sports event, 14th Cholistan Desert Rally 2019, from February 14 to 17. While addressing a press briefing, Punjab Tourism Minister Raja Yasir Humayun Sarfraz said that t

Published 02 Feb, 2019 12:00am

International air cargo terminal to be set up at Faisalabad: minister

A dedicated cargo train will be launched very soon to facilitate the exports in addition to establishing an international air cargo terminal at Faisalabad, said Provincial Minister for Industries, Commerce and Investment Mian Mohammad Aslam Iqbal.

Published 02 Feb, 2019 12:00am

PPP to resist privatisation of SOEs: Kaira

President Pakistan Peoples Party (PPP) Punjab Qamar Zaman Kaira said Friday the PPP would resist wrapping up of subsidies and privatization of state owned entities. "PPP has already rejected capital policies and it would resist to present government polic

Published 02 Feb, 2019 12:00am

Need to revisit future strategies advocated

The fourth industrial revolution is knocking at our doors which has prompted the need to reprioritize our future strategies in addition to synchronizing our production, management and governance systems to harvest its fruits, said Faisalabad Chamber of Co

Published 02 Feb, 2019 12:00am

Partly Facetious; Message fatigue

"I say too much exposure, too many attacks on members of the opposition who have no power any more or daily denigration of the leadership of opposition parties can lead to viewer or public fatigue with the ruling party...."

Published 02 Feb, 2019 12:00am

PIMA announces biennial conventions

Pakistan Islamic Medical Association (PIMA) has announced 16th Biennial Provincial Conventions across the country. PIMA 6th Biennial Provincial Conventions in Sukkur will be held on March 22-23, Peshawar on March 23-24, Multan from March 30 to 31, Muzaffa

Published 02 Feb, 2019 12:00am

First Adab Festival begins amid vow to boost creativity

Sindh Governor Imran Ismail said that incumbent federal government wants to promote literary activities and being the representative of federation, Governor House is open to all literary events. "Government will extend cooperation in this regard," he said

Published 02 Feb, 2019 12:00am

'Financial aid from friendly states eased pressure on foreign reserves'

President of Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said that financial assistance from friendly countries like Saudi Arabia, China and UAE has eased the pressure of foreign reserves and reduced economic uncertainty.

Published 02 Feb, 2019 12:00am

Sindh Business Registration Portal to be launched on February 20: CS

Sindh Chief Minister Syed Murad Ali Shah will launch Sindh Business Registration Portal (SBRP) on February 20. Chief Secretary Syed Mumtaz Ali Shah said this in a meeting that was held with Adviser to the Prime Minister on Commerce and Textile Industries

Published 02 Feb, 2019 12:00am

PFIA urges government to curb menace of smuggling

Pakistan FMCG Importers Association (PFIA) welcoming the proposal of bringing commercial importers back under the final tax regime, has urged the government to bring the import and customs duties further down so as to discourage the smuggling which is als

Published 02 Feb, 2019 12:00am

BISE Lahore chief vows to conduct exams in transparent manner

Chairman Board of Intermediate and Secondary Education Lahore Prof Ch. Muhammad Ismail has asked the sectional heads to further improve their service-delivery and achievement of departmental targets with regard to matric and intermediate examinations shou

Published 02 Feb, 2019 12:00am

BA/BSc exams: PU announces admission schedule

Punjab University Examinations Department has issued the schedule for submission of admission forms and fee for BA/BSc Part-I & Part-II annual examination 2019 for the candidates having compartment in any subject(s) in BA/BSc Part-I & Part-II supplementar

Published 02 Feb, 2019 12:00am

US job gains largest in 11 months; unemployment rate rises

US job growth surged in January, with employers hiring the most workers in 11 months, pointing to underlying strength in the economy despite an uncertain outlook that has left the Federal Reserve wary about more interest rate hikes this year. The Labour D

Published 02 Feb, 2019 12:00am

Gbagbo freed by war crimes court

The International Criminal Court finally freed former Ivory Coast president Laurent Gbagbo on Friday after his shock acquittal last month of crimes against humanity. Judges agreed to release the 73-year-old ex-strongman and his aide Charles Ble Goude on c

Published 02 Feb, 2019 12:00am

Iran fetes 40 years of Islamic revolution at Khomeini tomb

Thousands of Iranians packed the mausoleum of the Islamic republic's founder Ayatollah Ruhollah Khomeini in Tehran on Friday to celebrate the 40th anniversary of the revolution that overthrew a centuries-old dynasty. Ceremonies for the 1979 revolution wer

Published 02 Feb, 2019 12:00am

Currency

Sterling set for biggest weekly drop in seven weeks

Sterling slid on Friday, putting it on track for its biggest weekly loss in seven weeks, after survey data highlighted the degree of uncertainty sweeping British manufacturers as the country heads towards Brexit in less than two months. While foreign exch

Published 02 Feb, 2019 12:00am

Currency

Most Asian currencies weaken

Most Asian currencies softened on Friday as bleak China factory readings knocked back investor sentiment, which had been improving on signs of progress in Sino-US trade talks and a shift by the US central bank to a more cautious stance.

Published 02 Feb, 2019 12:00am

Currency

Aussie, kiwi down

The Australian dollar faltered from near a two-month top on Friday after a contraction in factory activity in the country's top trading partner China dented risk appetite, although the currency was still on track to end the week with handy gains. The Auss

Published 02 Feb, 2019 12:00am

Dollar slides against yen in New York

The dollar fell to two-week lows against the yen on Thursday, pressured by the Federal Reserve's cautious outlook on the US economy, which suggested that the central bank is near the end of its tightening cycle.

Published 02 Feb, 2019 12:00am

Currency

Early trade in New York: dollar weakens after US wage inflation miss

The dollar slipped on Friday after the US non-farm payrolls report for January showed very little wage inflation, affirming the Federal Reserve's patient stance on further interest rate increases. The greenback did shoot higher after the release of strong

Published 02 Feb, 2019 12:00am

Currency

Yuan, Aussie slump in European trade

The offshore yuan was headed for its worst daily decline in over five months on Friday after weak economic data out of China damaged risk sentiment and weighed on the Australian dollar. China's gloomy factory readings have brought global growth worries to

Published 02 Feb, 2019 12:00am

Currency

Aussie slides against greenback in Asia

The Australian dollar fell versus the greenback on Friday after a private survey showed factory activity in China shrank by the most in almost three years in January. The Australian dollar, often considered a barometer for global risk appetite, fell 0.4 p

Published 02 Feb, 2019 12:00am

Xi 'hates' doping, vows tough stance for Beijing 2022

Chinese President Xi Jinping has declared that he "hates" doping, laying out a tough stance against cheating at the Beijing 2022 Winter Olympics. Doping has overshadowed the Games in recent years, with Russia's Olympic committee barred from last year's co

Published 02 Feb, 2019 12:00am

Twelve Russian track and field athletes suspended for doping

Twelve Russian track and field athletes, including 2012 Olympic high jump champion Ivan Ukhov, have been suspended for doping, the Court of Arbitration for Sport (CAS) announced on Friday. The suspensions range between two to eight-year bans, with 2013 wo

Published 02 Feb, 2019 12:00am

Leisure Leagues, Oxfam hold football match to defeat inequality

Lyari team overpowered DHA team by 2-1 score in a festival football match organized by Leisure Leagues and Oxfam with an aim to alleviate impacts of inequality here at Sarbazi Ground in Lyari. CEFA team represented Lyari, a humble neighbourhood, while FC

Published 02 Feb, 2019 12:00am

West Indies women cricket team takes 2-0 lead

The West Indies women took an unassailable 2-0 lead in the three-match T20I series when they defeated Pakistan women in the Super Over at the Southend Club on Friday. This was the third tied match between the two sides in eight encounters with the West In

Published 02 Feb, 2019 12:00am

Former cricketers want retaining Sarfraz as skipper

While debate is going on for choosing a new captain after the Pakistan Super League-IV (PSL-IV), former cricketers have opposed removing skipper Sarfraz Ahmed ahead of World Cup event. Sources claimed that the Pakistan Cricket Board (PCB) may choose a new

Published 02 Feb, 2019 12:00am

Brathwaite, Hope solid in reply as England frustrated

West Indies' top-order batting negotiated a testing two-hour period with a combination of luck and skill to reach the lunch interval at 126 for one replying to England's first innings total of 187 on the second day of the second Test of the three-match se

Published 02 Feb, 2019 12:00am

Ali magic as Qatar shock Japan to win first Asian Cup

Qatar stunned Japan 3-1 to win their first Asian Cup on Friday sparked by a moment of magic from record-breaker Almoez Ali and after nail-biting late drama. Sudan-born striker Ali scored with an acrobatic bicycle kick after just 12 minutes before Abdelazi

Published 02 Feb, 2019 12:00am

Big Burns, Head centuries put Australia in control against Sri Lanka

Joe Burns and Travis Head plundered Australia's first centuries of the home summer Friday in a stirring fightback as they ruthlessly exposed Sri Lanka's inexperienced attack in the second Test at Canberra. Australian skipper Tim Paine won the toss at the

Published 02 Feb, 2019 12:00am

Sony nine-month net profit soars on games, music

Japanese electronics giant Sony said on Friday that nine-month net profit jumped 63.2 percent on-year, led by its games and music divisions, while tax benefits allowed the firm to raise its annual forecast.

Published 02 Feb, 2019 12:00am

Indian shares up, Vedanta sinks 20 percent

Indian shares ended higher on Friday, after the government announced higher rural spending as well as tax exemptions in its last budget before the general elections due by May. Shares of India's Vedanta Ltd slumped to a two-and-a-half-year low on Friday a

Published 02 Feb, 2019 12:00am

Nikkei index ends flat

Tokyo's benchmark Nikkei index ended flat on Friday as investors sought fresh trading clues and watched individual corporate earnings reports.

Published 02 Feb, 2019 12:00am

Wirecard denies second FT report; shares down 28 percent

Wirecard on Friday denied allegations of financial irregularities after a second investigative report in three days by the Financial Times sent shares in the German payments company down by 28 percent. Friday's price plunge, which wiped $5.7 billion off t

Published 02 Feb, 2019 12:00am

US jobs data lift European shares even as bank earnings weigh

European shares ended higher on Friday, as upbeat US jobs data in January and fresh optimism about the US-China trade spat offset weak bank earnings, gloomy euro-zone macro data and a rout in Germany's Wirecard after a report of fraud spooked. The STOXX 6

Published 02 Feb, 2019 12:00am

Australian shares muted; New Zealand up

Australian shares ended flat on Friday as gains in miners, on the back of stronger commodities prices and renewed confidence in the outcome of US-China talks, were offset by losses in energy and financial stocks. The S&P/ASX 200 index ended flat at 5,862.

Published 02 Feb, 2019 12:00am

FTSE ends higher for fourth session on trade deal hopes

Britain's FTSE 100 closed higher for the fourth straight session on Friday as signs the United States and China could soon settle their protracted trade dispute offset disappointing data from China, while TalkTalk sank after warning rising costs would hit

Published 02 Feb, 2019 12:00am

A third of UK firms mulling post-Brexit overseas moves

Almost a third of British companies are considering moving or setting up overseas operations because of Brexit, according to a survey published Friday by business lobby group the Institute of Directors.

Published 02 Feb, 2019 12:00am

Vice to cut 10 percent of staff in latest media downsizing

Vice Media unveiled plans Friday to cut 10 percent of its staff, or some 250 jobs, in the latest round of job slashing in the once-sizzling digital media sector.

Published 02 Feb, 2019 12:00am

Disappointing factory activity threatens global growth

Factory activity was at its weakest in years across much of the world during January, adding to worries trade tariffs, political uncertainty and cooling demand poses an increasing threat to global growth.

Published 02 Feb, 2019 12:00am

EU states destroy suspect Polish beef as scare spreads

Several EU members on Friday seized and destroyed suspect beef from a Polish slaughterhouse where allegedly sick cows were butchered, despite assurances by Warsaw that the meat did not pose a health risk.

Published 02 Feb, 2019 12:00am

Designer Alessi cuts a quarter of Italian jobs

Design company Alessi, famous for household items with a modernist twist, said Friday it was cutting over a quarter of its workforce in Italy and was looking for an outside investor. Some 80 jobs out of a total of 315 in Italy are to go, the firm said, bl

Published 02 Feb, 2019 12:00am

Currency	Rate
USD PKR Interbank Selling / Jan 27	278.95
USD PKR Interbank Buying / Jan 27	278.80
USD to Japanese Yen / Jan 27	154.64
USD to Swiss Franc / Jan 27	0.90
Pound Sterling to USD / Jan 27	1.25
Euro to USD / Jan 27	1.05

Stock	Volume
S&P 500 / Jan 24	6,101.24
Nasdaq / Jan 24	19,954.30
Dow Jones / Jan 24	44,424.25
India Sensex / Jan 27	75,346.55
Tokyo Nikkei / Jan 27	39,565.80
Hang Seng / Jan 27	20,197.77
FTSE 100 / Jan 27	8,485.58
Germany DAX 30 / Jan 27	21,124.29

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 24	18,485
Gold 10 Grams PKR / Jan 24	248,285
Crude Oil USD/Barrel / Jan 27	74.82
Gold Spot USD/Ounce / Jan 27	2,763.59
Cotton US¢/pound / Jan 27	67.70
Petrol/Litre / Jan 28	256.13

Stock	Price
Chenab Ltd (Pref) / Jan 27 Chenab Limited (Pref)(CLCPS)	3.93 ▲ 0.49 (14.24%)
Chenab Ltd / Jan 27 Chenab Limited(CHBL)	8.57 ▲ 1 (13.21%)
B. F. Mod. / Jan 27 B.F. Modaraba(BFMOD)	8.39 ▲ 0.89 (11.87%)
Sanghar Sugar / Jan 27 Sanghar Sugar Mills Limited(SANSM)	25.36 ▲ 2.31 (10.02%)
Leather Up Ltd. / Jan 27 Leather Up Limited(LEUL)	36.70 ▲ 3.34 (10.01%)
Shahtaj Sugar / Jan 27 Shahtaj Sugar Mills Limited(SHJS)	113.69 ▲ 10.34 (10%)
At-Tahur Ltd. / Jan 27 At-Tahur Limited(PREMA)	25.85 ▲ 2.35 (10%)
Archroma Pak / Jan 27 Archroma Pakistan Limited(ARPL)	478.56 ▲ 43.51 (10%)
Saritow Spinning / Jan 27 Saritow Spinning Mills Limited(SSML)	12.24 ▲ 1.11 (9.97%)

Stock	Price
LSE Financial Serv. / Jan 27 LSE Financial Services Limited(LSEFSL)	17.52 ▼ -1.95 (-10.02%)
Sui South Gas / Jan 27 Sui Southern Gas Company Limited(SSGC)	39.53 ▼ -4.39 (-10%)
Hussain Industries / Jan 27 Husein Industries Limited(HUSI)	28.50 ▼ -3.14 (-9.92%)
Arctic Textile / Jan 27 Arctic Textile Mills Limited(ARCTM)	18.90 ▼ -2.08 (-9.91%)
Apna Microfin. / Jan 27 Apna Microfinance Bank Limited(AMBL)	10.09 ▼ -1.1 (-9.83%)
National Silk / Jan 27 The National Silk & Rayon Mills Limited(NSRM)	50 ▼ -5.44 (-9.81%)
Gammon Pak / Jan 27 Gammon Pakistan Limited(GAMON)	38 ▼ -4.04 (-9.61%)
Unicap Modaraba / Jan 27 Unicap Modaraba(UCAPM)	2.57 ▼ -0.27 (-9.51%)
Synthetic Prod / Jan 27 Synthetic Products Enterprises Limited(SPEL)	41 ▼ -4.06 (-9.01%)

Stock	Volume
Cnergyico PK / Jan 27 Cnergyico PK Limited(CNERGY)	61,454,571 ▼ -0.13
Sui South Gas / Jan 27 Sui Southern Gas Company Limited(SSGC)	57,677,562 ▼ -4.39
WorldCall Telecom / Jan 27 Worldcall Telecom Limited(WTL)	33,767,457 ▼ -0.06
The Searle Co. / Jan 27 The Searle Company Limited(SEARL)	26,713,969 ▼ -5.54
Pak Elektron / Jan 27 Pak Elektron Limited(PAEL)	22,757,545 ▲ 0.67
Fauji Cement / Jan 27 Fauji Cement Company Limited(FCCL)	20,797,108 ▼ -0.46
Citi Pharma Ltd / Jan 27 Citi Pharma Ltd.(CPHL)	18,489,077 ▼ -6.73
P.T.C.L. / Jan 27 Pakistan Telecommunication Company Ltd(PTC)	18,264,183 ▲ 0.82
Ghani Chem. Ind. / Jan 27 Ghani Chemical Industries Limited(GCIL)	17,202,553 ▲ 0.67

Most Popular