News Archives for Print - 2019-02-04

Currency

London daily FX volume falls

Foreign exchange trading out of London declined 4 percent in October 2018 to $2.61 trillion, compared with six months earlier, thanks to a drop in volumes in swaps, a semi-annual survey by the Bank of England showed on Tuesday. The survey showed FX swaps

Published 04 Feb, 2019 12:00am

US money market assets fall, hold above $3 trillion

US money market fund assets fell this week but held above $3 trillion as investors shifted some cash back into stock and bond funds away from ultrasafe assets, the Money Fund Report said on Wednesday. Money funds, which are seen as alternatives to bank ac

Published 04 Feb, 2019 12:00am

US money market assets fall, hold above $3 trillion

US money market fund assets fell this week but held above $3 trillion as investors shifted some cash back into stock and bond funds away from ultrasafe assets, the Money Fund Report said on Wednesday. Money funds, which are seen as alternatives to bank ac

Published 04 Feb, 2019 12:00am

Egypt shares jump 4.6 percent on expectations of a rate cut

Expectations that Egypt would cut interest rates and improved performance across emerging markets pushed up the country's stocks 4.6 percent this week, with some analysts expecting the trend to continue in coming weeks. Gains by the Egyptian pound and a p

Published 04 Feb, 2019 12:00am

Sub-Saharan Africa Eurobonds to perform better this year

Eurobonds from sub-Saharan Africa will perform better this year even though debt levels in some parts of the region are ballooning, as diminishing prospects for further US interest rate hikes support demand, a Reuters poll found.

Published 04 Feb, 2019 12:00am

Sub-Saharan Africa Eurobonds to perform better this year

Eurobonds from sub-Saharan Africa will perform better this year even though debt levels in some parts of the region are ballooning, as diminishing prospects for further US interest rate hikes support demand, a Reuters poll found.

Published 04 Feb, 2019 12:00am

China to ease IPO rules on planned board to lure technology titans

China will relax rules on IPOs for a planned Nasdaq-style tech board in Shanghai as it seeks to encourage start-ups to list at home after losing the likes of Alibaba and Baidu to Wall Street. Existing rules on initial public offerings ban companies from l

Published 04 Feb, 2019 12:00am

Currency

Russia seen scaling down regular state FX buying in February

Russia's finance ministry is seen scaling down regular purchases of foreign currency for state reserves in February due to lower oil prices, a Reuters survey showed on Friday. Russia was expected to buy 240 billion roubles ($3.67 billion) worth of foreign

Published 04 Feb, 2019 12:00am

Libor

Dollar LIBOR posts biggest monthly fall since 2010

A key barometer of interbank interest rates recorded its biggest monthly decline in January on Thursday after the US Federal Reserve signaled it was not rushing to increase borrowing costs, prompted by muted inflation and risks to economic growth.

Published 04 Feb, 2019 12:00am

Wall Street week ahead: Fed pause validates market fears about US growth

While the US Federal Reserve's indication it is done raising interest rates - for now - has fuelled stock gains, investors worry the US central bank's pledge is a double-edged sword and implicit confirmation of the markets' lingering anxiety about growth.

Published 04 Feb, 2019 12:00am

Khawaja smacks century as Sri Lanka chase massive Test total

Usman Khawaja finally found form again to stroke a fine century Sunday and steer Australia into a massive lead over Sri Lanka as the tourists battle to stay in the second Test at Canberra. At stumps, the visitors were 17 without loss, chasing a huge 516 t

Published 04 Feb, 2019 12:00am

West Indies crush England again for series win

Kemar Roach and captain Jason Holder led another rout of the England batting line-up as the West Indies completed a crushing series-clinching 10-wicket victory after tea on the third day of the second Test at the Sir Vivian Richards Stadium in Antigua on

Published 04 Feb, 2019 12:00am

Missed opportunity for Atletico after narrow defeat at Real Betis

Alvaro Morata's debut ended in disappointment as Atletico Madrid missed a golden chance to cut the gap behind Barcelona by losing 1-0 to Real Betis in La Liga on Sunday. Morata made his first start for Atletico at Benito Villamarin but it was an unspectac

Published 04 Feb, 2019 12:00am

Rashford strike lifts Man United into fifth

Ole Gunnar Solskjaer remains unbeaten 10 games into his caretaker reign of Manchester United as the rejuvenated Marcus Rashford and Paul Pogba combined to earn a 1-0 win at Leicester on Sunday to close in on the Premier League top four. Rashford blasted h

Published 04 Feb, 2019 12:00am

New Zealand take Sydney Sevens men's and women's crowns

New Zealand made it a double victory in the Rugby Sevens in Sydney on Sunday, winning both the men's and the women's tournaments to top the overall standings. The All Blacks Sevens claimed their second title in the fourth leg of the season, comfortably be

Published 04 Feb, 2019 12:00am

India wrap up series

A commanding knock of 90 by Ambati Rayudu rescued India from deep trouble and saw them beat New Zealand by 35 runs in the fifth one-day international in Wellington on Sunday to wrap up the series 4-1. Captain Rohit Sharma admitted he took a gamble - and R

Published 04 Feb, 2019 12:00am

Yastremska wins Thailand Open

Ukrainian Dayana Yastremska won the Thailand Open on Sunday with a hard-fought victory, battling past Australia's Ajla Tomljanovic 6-2, 2-6, 7-6 (7/3). The overtime thriller in the seaside city of Hua Hin gave the 18-year-old her second WTA title. After d

Published 04 Feb, 2019 12:00am

Johnson outduels Li to clinch Saudi golf title

American Dustin Johnson capped a roller-coaster back nine with birdies on his last two holes and secure his first win in a full-field European Tour event at the inaugural Saudi International on Sunday. The 34-year-old American closed with a three-under pa

Published 04 Feb, 2019 12:00am

Azam's 90 in vain as Pakistan lose T20 series winning streak

Babar Azam hit a majestic 90 but Pakistan's long streak of series wins came to an end in the second Twenty20 international against South Africa at the Wanderers Stadium on Sunday. South Africa took a winning 2-0 lead in the three-match series with a drama

Published 04 Feb, 2019 12:00am

Salvadorans vote for president

Polls opened Sunday in El Salvador's presidential elections amid heavy security as voters look for change in a country beset by gang violence and widespread poverty. Nayib Bukele, the 37-year-old former mayor of San Salvador, is the frontrunner in a race

Published 04 Feb, 2019 12:00am

Trump reaffirms military force 'an option' in Venezuela

President Donald Trump reiterated in comments broadcast Sunday that a US military intervention in Venezuela was "an option," as international pressure ramps up on embattled head of state Nicolas Maduro to step down. Asked in an interview with CBS's "Face

Published 04 Feb, 2019 12:00am

Venezuela's Guaido pressures Maduro over humanitarian aid

Venezuelan opposition leader Juan Guaido was set Sunday to announce a date for the arrival of humanitarian aid to the crisis-wracked country - a path President Nicolas Maduro believes will lead to a US-led military intervention. The clock, meanwhile, was

Published 04 Feb, 2019 12:00am

One dead, three missing in Montenegro boating accident

A woman died and three people, including her son and husband, were missing Sunday after a small tourist boat capsized on Lake Skadar on the border between Montenegro and Albania, police and rescue services said. The boat was transporting tourists to visit

Published 04 Feb, 2019 12:00am

Pope Francis lands in UAE for historic visit

Pope Francis landed in the United Arab Emirates on Sunday for the first ever visit by a pontiff to the Arabian Peninsula - the birthplace of Islam. The pope touched down in Abu Dhabi for the 48-hour trip during which he will meet leading Muslim clerics an

Published 04 Feb, 2019 12:00am

'Once-in-a-century' floods hit northeast Australia

Once-in-a-century floods have turned streets into rivers and forced thousands to abandon their homes in northeast Australia, with authorities warning of tornadoes and more rain over the next few days. Australia's tropical north experiences heavy rains dur

Published 04 Feb, 2019 12:00am

Top Yemeni commander wounded in rebel drone strike dies

Yemen's deputy chief of staff died Sunday from wounds sustained last month in a drone attack by Huthi rebels on the country's largest air base, the information minister said.

Published 04 Feb, 2019 12:00am

Iran warns Europe not to force 'strategic leap' on missile range

The deputy chief of Iran's Revolutionary Guards has warned Europe against forcing the Islamic Republic into boosting the range of its missiles by trying to halt their development. "If the Europeans, or anyone else, want to conspire to disarm Iran of missi

Published 04 Feb, 2019 12:00am

Four children, three adults killed in Russia bus crash

At least seven people, four of them children, were killed on Sunday after a bus came off the road and overturned in Russia, according to officials. The bus had been carrying children from the western city of Smolensk to the Kaluga region, south of Moscow,

Published 04 Feb, 2019 12:00am

Greenpeace cuts staff, shuts two offices after India funding crackdown

Greenpeace has been forced to close two of its regional offices and "considerably" reduce its staff in India because of a government crackdown on allegedly unlawful foreign funding of NGOs. The organisation has been campaigning on environmental issues in

Published 04 Feb, 2019 12:00am

Trump pushes withdrawal from 'endless' Afghanistan, Syria wars

Pushing back against Republican opposition, US President Donald Trump reaffirmed his determination to pull US troops out of "endless wars" in Syria and Afghanistan, in an interview that aired Sunday. But he said they would stay in Iraq to watch Iran.

Published 04 Feb, 2019 12:00am

Rush to stockpile sweeps UK factories ahead of Brexit: PMI

British factories stockpiled goods in January at the fastest rate since records began in the early 1990s as they braced for a potentially chaotic Brexit in less than two months' time, a business survey showed on Friday. The IHS Markit/CIPS UK Manufacturin

Published 04 Feb, 2019 12:00am

Bashir vows rural development as new protests loom

Sudanese President Omar al-Bashir on Sunday pledged to bolster rural development, as he seeks to face down anti-government demonstrations that have rocked cities and villages. The veteran leader has been on a charm offensive with rallies across the countr

Published 04 Feb, 2019 12:00am

Thousands join protest in support for Turkey hunger strikers

Thousands of protesters Sunday joined a rally in Istanbul called by a pro-Kurdish party to show support for hunger strikes against prison conditions of Kurdish militant leader Abdullah Ocalan. The protesters gathered at a square in Bakirkoy on the Europea

Published 04 Feb, 2019 12:00am

Nissan cancels investment plan for UK plant

Japanese car manufacturer Nissan announced Sunday it was cancelling plans to build its X-Trail SUV at its plant in northeast England despite Brexit assurances from the government. "While we have taken this decision for business reasons, the continued unce

Published 04 Feb, 2019 12:00am

Airbus A380 under threat as Emirates weighs rejigged order

Dubai's Emirates is exploring switching some orders for the world's largest jetliner, the Airbus A380, to the smaller A350 in a move raising new doubts about the future of Europe's superjumbo, people familiar with the matter said. The Gulf carrier, which

Published 04 Feb, 2019 12:00am

China to combine QFII, RQFII schemes, expand foreign investment scope

China further deregulated its capital markets on Thursday, saying it would ease foreign institutions' access by combining two inbound investment schemes, while broadening their investment scope to include derivatives, bond repurchases and private funds.

Published 04 Feb, 2019 12:00am

Europe's listed firms expect to glean $514 billion in revenue from China

European listed firms expect to receive 449 billion euros ($514 billion) in total revenue from China in 2019, with luxury brands and automakers the most exposed sectors, a Refinitiv analysis of company data shows.

Published 04 Feb, 2019 12:00am

Trump sees 'good chance' of deals with North Korea, China

President Donald Trump said in remarks aired Sunday he saw a "good chance" of reaching deals on two key US foreign policy challenges: North Korean nuclear disarmament and trade relations with China. Interviewed on CBS's "Face the Nation," Trump said the d

Published 04 Feb, 2019 12:00am

Currency

Pakistan debt journey - the real culprits

At a time when Pakistan's economy was growing at a steady pace from period beginning June 2013, there was one economic indicator that was perceived to be the looming threat: government debt. At 70% of its GDP, Pakistan's total debt as on June 2018 is high

Published 04 Feb, 2019 12:00am

'CPEC is the seed for logistics industry's growth' an interview with Nawabzada Zaheer Barakzai, Chairman Mega Movers Pakistan

Nawabzada Zaheer Barakzai is the Chairman Mega Movers Pakistan. He is an experienced entrepreneur having more than one decade of profound experience of Logistics & Supply Chain Management systems.

Published 04 Feb, 2019 12:00am

'CPEC is the seed for logistics industry's growth' an interview with Nawabzada Zaheer Barakzai, Chairman Mega Movers Pakistan

Nawabzada Zaheer Barakzai is the Chairman Mega Movers Pakistan. He is an experienced entrepreneur having more than one decade of profound experience of Logistics & Supply Chain Management systems.

Published 04 Feb, 2019 12:00am

KP home department told to ensure recovery of over Rs 288 million

Auditor General of Pakistan (AGP) has detected non-recoveries to the tune of Rs 288.62 million in five cases by the Home and Tribal Affairs Department of Khyber Pakhtunkhwa. It has recommended timely recovery of that amount. The AGP Report 2015-16 on the

Published 04 Feb, 2019 12:00am

Ease of Doing Business: frequency of tax payments reduced from 47 to 16: BoI chief

There has been no decline in the number of tax payments from 47 to 16, as claimed by Chairman Board of Investment (BOI) in a press conference held on Wednesday, maintained tax experts. Business Recorder approached the Chairman BoI for clarification

Published 04 Feb, 2019 12:00am

Efforts afoot to raise volume of export: Dawood

Advisor to Prime Minister on Commerce, Textile, Industry & Production and Investment Abdul Razak Dawood Sunday said the Pakistan Tehreek-e-Insaf (PTI) government was taking solid steps and working to enhance the volume of exports. The incumbent government

Published 04 Feb, 2019 12:00am

CPEC's hydropower stations to generate 1,620MW electricity

Two separate hydropower stations being completed under the China-Pakistan Economic Corridor (CPEC) framework will generate 1,620MW electricity and are likely to start commercial operation in next three years. The under-construction Karot Hydropower statio

Published 04 Feb, 2019 12:00am

Reconciliation of WH statement to be made with return of total income: tribunal

Appellate Tribunal Inland Revenue has held that reconciliation of tax deductions declared in the withholding statements can only be made when return of total income tax of the relevant tax year has been filed by the taxpayer. In a landmark judgment on a n

Published 04 Feb, 2019 12:00am

Policing system to usher in era of peace in tribal areas

With the introduction of policing a new era of peace and prosperity would be prevailed in the newly merged districts of the erstwhile Federally Administered Tribal Area (FATA) of Khyber Pakhtunkhwa. The new system will prove a harbinger of revolutionary c

Published 04 Feb, 2019 12:00am

Adab Festival concludes with a positive note

Adab Festival Pakistan concluded on Sunday with a memorable note from its founder director Ameena Saiyid that to her the event was tantamount to a movement to spread peace and harmony through expression through books, dialogue, debate, art, music, storyte

Published 04 Feb, 2019 12:00am

Task force members review Afghan border situation

Task Force members paid a day long visit to Torkham and examined overall situation on the Pak-Afghan sharing border, Torkham to make possible initiatives to keep Pak-Afghan border open round the clock on the direction of the Prime Minister, Imran Khan.

Published 04 Feb, 2019 12:00am

Cotton

Over 10 million cotton bales issued to ginners

Seed cotton (Phutti) equivalent to 10.6 million bales have reached ginneries across Pakistan till February 1, registering a shortfall by 7.23 per cent compared to corresponding period of last year. Out of total arrivals, 10,546,192 bales have undergone th

Published 04 Feb, 2019 12:00am

Accountability of corrupt gives strength to democracy: Sarwar

Governor Punjab Mohammad Sarwar has said that accountability of corrupt is strength of democracy not weakness. There is no room for corruption, injustice and oppression in any new Pakistan. Indian should keep away from using state terrorism against Pakist

Published 04 Feb, 2019 12:00am

Cotton

Cotton prices remain stable

The prices of cotton remained stable. The trading volume is increasing gradually. The government is trying to increase the production of cotton. The private sector should also play its role for increasing the production of cotton. The government has issue

Published 04 Feb, 2019 12:00am

Training workshops at LGH

Under the aegis of Health Education Program of Post Graduate Medical Institute in 4 Departments of Lahore General Hospital there were training workshops for young doctors who were aimed at preparing them to meet future challenges and ensuring quality heal

Published 04 Feb, 2019 12:00am

KP CM for examining legal aspects of RSEZ

KP Chief Minister Mahmood Khan has directed the examining of all legal aspects regarding Rashakai Special Economic Zone (RSEZ) for its early completion to present it in next cabinet meeting for further decisions. He issued these directives while presiding

Published 04 Feb, 2019 12:00am

PBIF for increasing trade with France

President of Pakistan Businessmen and Intellectuals Forum (PBIF) Mian Zahid Hussain has emphasised the need to enhance bilateral trade with France.

Published 04 Feb, 2019 12:00am

SCF organises leadership skills workshop for girls

Sindh Community Foundation organized leadership skills workshop for girl's students belonging to 3 government girls' high schools of district Tando Muhammad Khan in cooperation with Mundo Cooperente.

Published 04 Feb, 2019 12:00am

Murad for promoting healthy activities in Karachi

Sindh Chief Minister Syed Murad Ali Shah said on Sunday that sports, arts and crafts, literary and other healthy activities have witnessed a boost in Karachi since peace restored here.

Published 04 Feb, 2019 12:00am

'No helmet no fuel' initiative being flouted openly

'No helmet no fuel' initiative, introduced by the authorities concerned citing a number of causalities in recent past, is being outwitted openly in the twin cities of Rawalpindi and Islamabad where the fuel pump owners adopting various tricks to sell thei

Published 04 Feb, 2019 12:00am

Action against fake, green number plates begins in KP today

The Excise, Taxation and Narcotics Control Department, government of Khyber Pakhtunkhwa has announced that it will start a crackdown against fake and green number plate, as well as unregistered and non-customs paid vehicles across the province from today

Published 04 Feb, 2019 12:00am

Action against fake, green number plates begins in KP today

The Excise, Taxation and Narcotics Control Department, government of Khyber Pakhtunkhwa has announced that it will start a crackdown against fake and green number plate, as well as unregistered and non-customs paid vehicles across the province from today

Published 04 Feb, 2019 12:00am

Not an iota of truth in Nawaz-government deal: Senator Pervaiz

Pakistan Muslim League-Nawaz Senator Pervaiz Rasheed has quelled rumors of an alleged deal between Nawaz Sharif and the government allowing the party leader to get out of prison and travel abroad. Rasheed, in a interview by a private TV news channel, expr

Published 04 Feb, 2019 12:00am

Currency

Woman arrested, foreign currency seized

Airport Security Force (ASF) on Sunday arrested a woman from Islamabad Airport who was attempting to smuggle foreign currencies worth Rs3.85 million.

Published 04 Feb, 2019 12:00am

Book launching ceremony held at Islamia College Peshawar

A book launching ceremony was held at Roos Keppel Hall, Islamia College Peshawar (ICP), here on Sunday. The fourth book is being launched by former senior bureaucrat and writer and intellectual Roider Khan. Peshawar University and Quaid-e-Azam University

Published 04 Feb, 2019 12:00am

Pakistan to sign POL products' supply accord with Azerbaijan

Pakistan is likely to sign a commercial agreement with Azerbaijan during the current month for supply of different petroleum products to meet its growing energy needs.

Published 04 Feb, 2019 12:00am

ANP chief slams political worker's murder

ANP's President Asfandyar Wali Khan while expressing sorrow over the murder of Pashtoon political worker Arman Loni in Loralai, Balochistan and strongly condemned the incident. In a telephonic message from Saudi Arabia, the ANP chief said that they are fo

Published 04 Feb, 2019 12:00am

Prices of chicken, vegetables and pulses go up in retail market

A sharp increase in prices of chicken meat, vegetable, pulses, sugar and other important commodities was witnessed in the retail market, said in a survey carried out by Business Recorder here on Sunday.

Published 04 Feb, 2019 12:00am

Nawaz undergoes medical tests at Services Hospital

The convicted former prime minister Nawaz Sharif underwent several medical tests at the Services Hospital Lahore on Sunday as prescribed by the medical board formed to examine his deteriorating health. A six-member medical board examined Sharif and conduc

Published 04 Feb, 2019 12:00am

Roadshows abroad to lure expats buy PBCs: Bukhari

The Government of Pakistan, in a bid to bring direct investment home to strengthen country's foreign reserves, will kick off roadshows in various countries within a couple of weeks.

Published 04 Feb, 2019 12:00am

The issue of business confidence

Where is Pakistan's economy heading? According to a Business Recorder news item, 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 over

Published 04 Feb, 2019 12:00am

Trapped in shrinking Syria holdout, IS turns to human shields

On a rooftop near the front line with the Islamic State group's collapsing caliphate in eastern Syria, a US-backed fighter and his comrades sip tea as they await orders to restart the battle. The Syrian Democratic Forces halted their ground assault on IS'

Published 04 Feb, 2019 12:00am

Uncomfortable message

World Economic Forum is a place for the big brains, big business, big people to get together and set the theme for the coming year. People from all over the world throng it with the wish to learn, connect and to be seen with Who's Who. This year's event w

Published 04 Feb, 2019 12:00am

Fire fighting yet to start!

Federal Finance Minister Asad Umer is the seventh finance minister engaged in fire fighting in a decade (since 2008) however the fire's intensity has not abated. This however never stopped the frequent self-congratulatory statements of appropriate measure

Published 04 Feb, 2019 12:00am

The need to foster Tolerance

In his address to the sixth convocation of Namal College he founded single-handedly, Prime Minister Imran Khan touched on a wide range of his pet subjects, devoting a considerable part of it to his party's ongoing campaign against corruption. His governme

Updated 11 Mar, 2019 08:05am

Currency

Policy rate uptick

The Monetary Policy Committee (MPC) of the State Bank of Pakistan has decided once again to raise, albeit slightly, the policy rate by a margin of 0.25 percent to 10.25 percent effective 1st February, 2019 and the decision seems to have been based on some

Updated 11 Mar, 2019 08:04am

Egypt MPs table law amendment to extend Sisi rule

Egyptian lawmakers on Sunday tabled proposed constitutional changes that would allow President Abdel Fattah al-Sisi to extend his rule beyond 2022, two of them said. The bill submitted to speaker Ali Abdel Aal calls for several amendments to the constitut

Published 04 Feb, 2019 12:00am

Egypt MPs table law amendment to extend Sisi rule

Egyptian lawmakers on Sunday tabled proposed constitutional changes that would allow President Abdel Fattah al-Sisi to extend his rule beyond 2022, two of them said. The bill submitted to speaker Ali Abdel Aal calls for several amendments to the constitut

Published 04 Feb, 2019 12:00am

''Must run'' power plants: PD directed to determine merit order

The Cabinet Committee on Energy (CcoE) has directed Power Division to determine merit order for ''must run'' power plants on the basis of economic viability except for nuclear power plants, official sources told Business Recorder.

Published 04 Feb, 2019 12:00am

'Must run' power plants: PD directed to determine merit order

The Cabinet Committee on Energy (CcoE) has directed Power Division to determine merit order for 'must run' power plants on the basis of economic viability except for nuclear power plants, official sources told Business Recorder.

Published 04 Feb, 2019 12:00am

'Must run' power plants: PD directed to determine merit order

The Cabinet Committee on Energy (CcoE) has directed Power Division to determine merit order for 'must run' power plants on the basis of economic viability except for nuclear power plants, official sources told Business Recorder.

Published 04 Feb, 2019 12:00am

Qureshi describes Kashmir as vital part of foreign policy

Foreign Minister Shah Mehmood Qureshi on Sunday said Kashmir is an important cornerstone of Pakistan's foreign policy and asserted that Pakistan Tehreek-e-Insaf (PTI) government's stance on the matter is crystal clear. He stated this while talking to the

Published 04 Feb, 2019 12:00am

Qureshi describes Kashmir as vital part of foreign policy

Foreign Minister Shah Mehmood Qureshi on Sunday said Kashmir is an important cornerstone of Pakistan's foreign policy and asserted that Pakistan Tehreek-e-Insaf (PTI) government's stance on the matter is crystal clear. He stated this while talking to the

Published 04 Feb, 2019 12:00am

Indian train derails killing six

At least six passengers were killed and more than 20 injured Sunday after an express train derailed in eastern India's Bihar state, officials said. Nine coaches of the Delhi-bound Seemanchal Express came off the tracks early Sunday near Sahadai Buzurg sta

Published 04 Feb, 2019 12:00am

Indian train derails killing six

At least six passengers were killed and more than 20 injured Sunday after an express train derailed in eastern India's Bihar state, officials said. Nine coaches of the Delhi-bound Seemanchal Express came off the tracks early Sunday near Sahadai Buzurg sta

Published 04 Feb, 2019 12:00am

Three ports: government plans to increase cargo handling by 47 percent

Setting the ambitious targets for the 12th Five-Year Plan (2018-23), the government is projecting to increase total cargo handling of three ports by 47 percent, railways share in passenger and freight transport from 3.32 percent to 6 percent and shifting

Published 04 Feb, 2019 12:00am

Three ports: government plans to increase cargo handling by 47 percent

Setting the ambitious targets for the 12th Five-Year Plan (2018-23), the government is projecting to increase total cargo handling of three ports by 47 percent, railways share in passenger and freight transport from 3.32 percent to 6 percent and shifting

Published 04 Feb, 2019 12:00am

Three ports: government plans to increase cargo handling by 47 percent

Setting the ambitious targets for the 12th Five-Year Plan (2018-23), the government is projecting to increase total cargo handling of three ports by 47 percent, railways share in passenger and freight transport from 3.32 percent to 6 percent and shifting

Published 04 Feb, 2019 12:00am

Three ports: government plans to increase cargo handling by 47 percent

Setting the ambitious targets for the 12th Five-Year Plan (2018-23), the government is projecting to increase total cargo handling of three ports by 47 percent, railways share in passenger and freight transport from 3.32 percent to 6 percent and shifting

Published 04 Feb, 2019 12:00am

Taliban to meet Afghan opposition in Moscow

The Taliban said Sunday it will send a delegation to Russia for a rare meeting with Afghan opposition leaders, just days after peace talks with the United States that excluded the Kabul government. The two-day sit-down in Moscow, starting Tuesday, will be

Published 04 Feb, 2019 12:00am

Taliban to meet Afghan opposition in Moscow

The Taliban said Sunday it will send a delegation to Russia for a rare meeting with Afghan opposition leaders, just days after peace talks with the United States that excluded the Kabul government. The two-day sit-down in Moscow, starting Tuesday, will be

Published 04 Feb, 2019 12:00am

'Queen Elizabeth to be evacuated in case of Brexit unrest'

British officials have revived Cold War emergency plans to relocate the royal family should there be riots in London if Britain suffers a disruptive departure from the European Union next month, two Sunday newspapers reported.

Published 04 Feb, 2019 12:00am

'Queen Elizabeth to be evacuated in case of Brexit unrest'

British officials have revived Cold War emergency plans to relocate the royal family should there be riots in London if Britain suffers a disruptive departure from the European Union next month, two Sunday newspapers reported.

Published 04 Feb, 2019 12:00am

May says 'armed with fresh' Brexit mandate

British Prime Minister Theresa May said on Sunday she would be "armed with a fresh mandate and new ideas" when she next meets European Union negotiators over her Brexit deal. EU officials have insisted that the deal - rejected by British lawmakers - is no

Published 04 Feb, 2019 12:00am

Israel begins construction of new Gaza border barrier

Israel said Sunday that work to strengthen its border with the Gaza Strip had entered a new phase, with construction starting on a massive new barrier along the frontier. "Over the weekend we began building the above-ground barrier along the Gaza border,"

Published 04 Feb, 2019 12:00am

Macron eyeing referendum in May

President Emmanuel Macron is considering organising what would be the first referendum in France in 14 years in May as part of his response to "yellow vest" protests, a report said on Sunday. The Journal du Dimanche newspaper added to persistent rumours t

Published 04 Feb, 2019 12:00am

Brazil's Bolsonaro ill after surgery

Brazilian President Jair Bolsonaro was ill in hospital with a feeding tube Sunday following surgery days ago to remove a colostomy bag fitted after he suffered a knife attack late last year. The Sao Paulo hospital where Bolsonaro, 63, was convalescing sin

Published 04 Feb, 2019 12:00am

Student's plea to CJP

A female law student at Islamic International University (IIU) Islamabad has made an appeal to the Chief Justice of Pakistan to provide her protection amid threats to her life. She, in a video message which has gone viral on social media, claimed that Asa

Published 04 Feb, 2019 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 8	277.83
USD PKR Interbank Buying / Nov 8	277.63
USD to Japanese Yen / Nov 8	152.75
USD to Swiss Franc / Nov 8	0.87
Pound Sterling to USD / Nov 8	1.30
Euro to USD / Nov 8	1.08

Stock	Volume
S&P 500 / Nov 7	5,973.10
Nasdaq / Nov 7	19,269.46
Dow Jones / Nov 7	43,729.34
India Sensex / Nov 8	79,425.88
Tokyo Nikkei / Nov 8	39,500.37
Hang Seng / Nov 8	20,820.36
FTSE 100 / Nov 8	8,143.78
Germany DAX 30 / Nov 8	19,353.61

Item	Value
Petrol/Litre / Nov 8	248.38
Crude Oil USD/Barrel / Nov 8	71.72
Karachi Cotton PKR/37.32 KG / Nov 8	18,285
Gold 10 Grams PKR / Nov 8	239,026
Gold Spot USD/Ounce / Nov 8	2,685.16
Diesel/Litre / Nov 8	255.14

Stock	Price
786 Invest Ltd / Nov 8 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 8 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Nov 8 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Nov 8 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 8 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Nov 8 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 8 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 8 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 8 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Nov 8 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Nov 8 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 8 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Nov 8 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 8 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Nov 8 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Nov 8 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Nov 8 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Nov 8 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Nov 8 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Nov 8 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Nov 8 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Nov 8 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Nov 8 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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