News Archives for Print - 2019-02-05

Karachi faces water shortage due to cleaning of lines at Dhabeji

Sindh Minister for Local Government Saeed Ghani on Monday said that the city was facing shortage of water from last two days due to installation of new supply lines and cleaning process of water supply lines at Dhabeji. Addressing a follow-up meeting rega

Published 05 Feb, 2019 12:00am

LME official prices

The following were Friday official prices.

Published 05 Feb, 2019 12:00am

BRIndex100 turns green

A bullish trend continued on Pakistan Stock Exchange on the back of healthy buying, mainly by local investors. BRIndex100 gained 61.01 points or 1.39 percent to close at 4,440.04 points Monday. BRIndex100 touched intraday high of 4,443.13 and intraday low

Published 05 Feb, 2019 12:00am

LME official prices

The following were Friday official prices.

Published 05 Feb, 2019 12:00am

BRIndex100 turns green

A bullish trend continued on Pakistan Stock Exchange on the back of healthy buying, mainly by local investors. BRIndex100 gained 61.01 points or 1.39 percent to close at 4,440.04 points Monday. BRIndex100 touched intraday high of 4,443.13 and intraday low

Published 05 Feb, 2019 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (February 04, 2019).

Published 05 Feb, 2019 12:00am

Dividends of peace must reach people: CoAS

The top brass of Pakistan Army on Monday expressed satisfaction on improved internal security situation and progress in regional peace initiatives, especially the Afghan reconciliation process. Chief of Army Staff (CoAS) General Qamar Javed Bajwa presided

Published 05 Feb, 2019 12:00am

The Weather

The weather report on Monday (February 04, 2019) and the forecast for Tuesday (February 05, 2019).

Published 05 Feb, 2019 12:00am

Dividends of peace must reach people: CoAS

The top brass of Pakistan Army on Monday expressed satisfaction on improved internal security situation and progress in regional peace initiatives, especially the Afghan reconciliation process. Chief of Army Staff (CoAS) General Qamar Javed Bajwa presided

Published 05 Feb, 2019 12:00am

S&P cuts credit rating to 'B-' from 'B'

The Standard & Poor (S&P) Global Ratings has lowered its long-term sovereign credit rating for Pakistan to 'B'- from 'B' on diminished growth prospects, elevated external and fiscal stresses, amid an ongoing deterioration in the country's broad macroecono

Published 05 Feb, 2019 12:00am

S&P cuts credit rating to 'B-' from 'B'

The Standard & Poor (S&P) Global Ratings has lowered its long-term sovereign credit rating for Pakistan to 'B'- from 'B' on diminished growth prospects, elevated external and fiscal stresses, amid an ongoing deterioration in the country's broad macroecono

Published 05 Feb, 2019 12:00am

S&P cuts credit rating to ''B-'' from ''B''

The Standard & Poor (S&P) Global Ratings has lowered its long-term sovereign credit rating for Pakistan to ''B''- from ''B'' on diminished growth prospects, elevated external and fiscal stresses, amid an ongoing deterioration in the country''s broad macro

Published 05 Feb, 2019 12:00am

S&P cuts credit rating to ''''B-'''' from ''''B''''

The Standard & Poor (S&P) Global Ratings has lowered its long-term sovereign credit rating for Pakistan to ''''B''''- from ''''B'''' on diminished growth prospects, elevated external and fiscal stresses, amid an ongoing deterioration in the country''''s b

Published 05 Feb, 2019 12:00am

ECC proposes changes in SEZ law

The Economic Coordination Committee (ECC) on Monday decided that Board of Investment (BOI) will reduce the timeframe for approval of SEZ applications from 90 days to 45 days. Additionally, the ECC meeting, presided over by Finance Minister Asad Umar also

Published 05 Feb, 2019 12:00am

ECC proposes changes in SEZ law

The Economic Coordination Committee (ECC) on Monday decided that Board of Investment (BOI) will reduce the timeframe for approval of SEZ applications from 90 days to 45 days. Additionally, the ECC meeting, presided over by Finance Minister Asad Umar also

Published 05 Feb, 2019 12:00am

ECC proposes changes in SEZ law

The Economic Coordination Committee (ECC) on Monday decided that Board of Investment (BOI) will reduce the timeframe for approval of SEZ applications from 90 days to 45 days. Additionally, the ECC meeting, presided over by Finance Minister Asad Umar also

Published 05 Feb, 2019 12:00am

EAC reviews economic situation

A meeting of the Economic Advisory Council was held in Islamabad on Monday with Prime Minister Imran Khan in the chair. The meeting reviewed the overall economic situation, steps taken by the government for economic revival and stability, and future strat

Published 05 Feb, 2019 12:00am

EAC reviews economic situation

A meeting of the Economic Advisory Council was held in Islamabad on Monday with Prime Minister Imran Khan in the chair. The meeting reviewed the overall economic situation, steps taken by the government for economic revival and stability, and future strat

Published 05 Feb, 2019 12:00am

EAC reviews economic situation

A meeting of the Economic Advisory Council was held in Islamabad on Monday with Prime Minister Imran Khan in the chair. The meeting reviewed the overall economic situation, steps taken by the government for economic revival and stability, and future strat

Published 05 Feb, 2019 12:00am

Cotton

Effective February 1: FBR abolishes duties on cotton import

The Federal Board of Revenue (FBR) has abolished 3 percent customs duty and 2 percent additional customs duty on the import of cotton from February 1, 2019 till June 30, 2019. The FBR has issued SRO 107(I)/2019 and SRO 108(1)/2019 in this regard here on M

Published 05 Feb, 2019 12:00am

Cotton

Effective February 1: FBR abolishes duties on cotton import

The Federal Board of Revenue (FBR) has abolished 3 percent customs duty and 2 percent additional customs duty on the import of cotton from February 1, 2019 till June 30, 2019. The FBR has issued SRO 107(I)/2019 and SRO 108(1)/2019 in this regard here on M

Published 05 Feb, 2019 12:00am

Cotton

Effective February 1: FBR abolishes duties on cotton import

The Federal Board of Revenue (FBR) has abolished 3 percent customs duty and 2 percent additional customs duty on the import of cotton from February 1, 2019 till June 30, 2019. The FBR has issued SRO 107(I)/2019 and SRO 108(1)/2019 in this regard here on M

Published 05 Feb, 2019 12:00am

Cotton

WB calls for revisiting agriculture subsidies

World Bank has urged the government to revisit agriculture subsidies and reflect the real value of commodity exports and water scarcity. This was stated by Dr Bill Young of World Bank in his presentation at water security diagnonistic launch of "Pakistan:

Published 05 Feb, 2019 12:00am

Cotton

WB calls for revisiting agriculture subsidies

World Bank has urged the government to revisit agriculture subsidies and reflect the real value of commodity exports and water scarcity. This was stated by Dr Bill Young of World Bank in his presentation at water security diagnonistic launch of "Pakistan:

Published 05 Feb, 2019 12:00am

Cotton

WB calls for revisiting agriculture subsidies

World Bank has urged the government to revisit agriculture subsidies and reflect the real value of commodity exports and water scarcity. This was stated by Dr Bill Young of World Bank in his presentation at water security diagnonistic launch of "Pakistan:

Published 05 Feb, 2019 12:00am

6 percent ST to be applicable on online sales

The lower rate of 6 percent sales tax would be applicable on online sales made through websites provided that sale data is transmitted to the Federal Board of Revenue's (FBR) computerised system through prescribed integration software. The FBR has amended

Published 05 Feb, 2019 12:00am

6 percent ST to be applicable on online sales

The lower rate of 6 percent sales tax would be applicable on online sales made through websites provided that sale data is transmitted to the Federal Board of Revenue's (FBR) computerised system through prescribed integration software. The FBR has amended

Published 05 Feb, 2019 12:00am

6 percent ST to be applicable on online sales

The lower rate of 6 percent sales tax would be applicable on online sales made through websites provided that sale data is transmitted to the Federal Board of Revenue''s (FBR) computerised system through prescribed integration software. The FBR has amende

Published 05 Feb, 2019 12:00am

Nepra increases power tariff by Re 0.57/unit

National Electric Power Regulatory Authority (Nepra) on Monday notified to increase the power tariff by Re0.5685 KWh on account of fuel price adjustment for the month of December 2018. As per the notification, the tariff hike will be applicable to all the

Published 05 Feb, 2019 12:00am

Nepra increases power tariff by Re 0.57/unit

National Electric Power Regulatory Authority (Nepra) on Monday notified to increase the power tariff by Re0.5685 KWh on account of fuel price adjustment for the month of December 2018. As per the notification, the tariff hike will be applicable to all the

Published 05 Feb, 2019 12:00am

Nepra increases power tariff by Re 0.57/unit

National Electric Power Regulatory Authority (Nepra) on Monday notified to increase the power tariff by Re0.5685 KWh on account of fuel price adjustment for the month of December 2018. As per the notification, the tariff hike will be applicable to all the

Published 05 Feb, 2019 12:00am

Faizabad Dharna case: Judgment to be announced tomorrow

The Supreme Court will announce its reserved judgement on Islamabad-Rawalpindi sit-in case tomorrow (Wednesday). Tehreek-e-Khatm-e-Nabuwat, Tehreek Labbaik Ya Rasool Allah (TLYR) and Sunni Tehreek (ST) had staged a sit-in at Faizabad in 2017 which had par

Published 05 Feb, 2019 12:00am

Faizabad Dharna case: Judgment to be announced tomorrow

The Supreme Court will announce its reserved judgement on Islamabad-Rawalpindi sit-in case tomorrow (Wednesday). Tehreek-e-Khatm-e-Nabuwat, Tehreek Labbaik Ya Rasool Allah (TLYR) and Sunni Tehreek (ST) had staged a sit-in at Faizabad in 2017 which had par

Published 05 Feb, 2019 12:00am

Five-year plan: targets set for CPEC projects as well

Setting the ambitious targets for the 12th Five Year Plan (2018-23), the Pakistan Tehreek-e-Insaf (PTI) government plans to rejuvenate industrial development of Pakistan through Special Economic Zones (SEZs), invigorate blue economy and develop Gwadar por

Published 05 Feb, 2019 12:00am

Five-year plan: targets set for CPEC projects as well

Setting the ambitious targets for the 12th Five Year Plan (2018-23), the Pakistan Tehreek-e-Insaf (PTI) government plans to rejuvenate industrial development of Pakistan through Special Economic Zones (SEZs), invigorate blue economy and develop Gwadar por

Published 05 Feb, 2019 12:00am

Five-year plan: targets set for CPEC projects as well

Setting the ambitious targets for the 12th Five Year Plan (2018-23), the Pakistan Tehreek-e-Insaf (PTI) government plans to rejuvenate industrial development of Pakistan through Special Economic Zones (SEZs), invigorate blue economy and develop Gwadar por

Published 05 Feb, 2019 12:00am

Body formed to probe gas bills

Petroleum Division has constituted a four-member committee to investigate current complaints about excessive and inflated gas bills received from a large number of consumers. According to a notification, the committee will be headed by Sher Afgan Khan, Ad

Published 05 Feb, 2019 12:00am

Body formed to probe gas bills

Petroleum Division has constituted a four-member committee to investigate current complaints about excessive and inflated gas bills received from a large number of consumers. According to a notification, the committee will be headed by Sher Afgan Khan, Ad

Published 05 Feb, 2019 12:00am

Body formed to probe gas bills

Petroleum Division has constituted a four-member committee to investigate current complaints about excessive and inflated gas bills received from a large number of consumers. According to a notification, the committee will be headed by Sher Afgan Khan, Ad

Published 05 Feb, 2019 12:00am

US asks nations to repatriate IS sympathisers as it leaves Syria

The United States urged other countries Monday to bring home hundreds of Islamic State sympathizers captured in Syria, a delicate issue for allies such as France as Washington withdraws troops. After allies grappled for weeks on what to do with the extrem

Published 05 Feb, 2019 12:00am

US asks nations to repatriate IS sympathisers as it leaves Syria

The United States urged other countries Monday to bring home hundreds of Islamic State sympathizers captured in Syria, a delicate issue for allies such as France as Washington withdraws troops. After allies grappled for weeks on what to do with the extrem

Published 05 Feb, 2019 12:00am

Ease of doing business

Razzak Dawood, Advisor to the Prime Minister on Commerce, Textile and Investment - critical sectors with the capacity to deal with the ongoing economic impasse - stated during a press conference that the Khan administration's target is to improve Pakistan

Updated 11 Mar, 2019 08:03am

False allegations

The Modi government has locked horns with Islamabad over an eight-minute phone call Pakistan's Foreign Minister Shah Mehmood Qureshi made to All Parties Hurriyat Conference leader Mirwaiz Umar Farooq to inform him about a conference and an exhibition to b

Updated 11 Mar, 2019 08:04am

The 9th NFC

The 9th NFC is scheduled to have its first meeting on the 6th of February. The previous 7th NFC Award was signed and then promulgated on by the President of Pakistan in 2010. As per the provisions of Article 160 of the Constitution the Award was to be val

Published 05 Feb, 2019 12:00am

Venezuela's crisis

The world is watching with bated breath the drama playing out in Venezuela. Can Nicolas Maduro's government/presidency survive the onslaught of the US-led campaign for regime change? What are the factors that have led the once promising Chavista revolutio

Published 05 Feb, 2019 12:00am

French yellow vest anger 'won't go back into the bottle'

An hour south of Paris in the town of Montargis, "yellow vest" demonstrators like Isa Duchesne have no intention of stopping their 12-week protest against President Emmanuel Macron or being drawn into his "great national debate."

Published 05 Feb, 2019 12:00am

Play one's cards right

Pakistan People's Party co-chairman seems to be playing his cards right. In other words, he has been acting adeptly and with good judgement. He has, for example, urged the media to support the opposition's attempts to overthrow the Pakistan Tehreek-e-Insa

Published 05 Feb, 2019 12:00am

PM forms body on Pak-Turkey strategic economic framework

Prime Minister Imran Khan has constituted a 10-member high level ministerial committee with Finance Minister Asad Umar as convener, to negotiate Strategic Economic Framework (SEF) between Pakistan and Turkey, official sources told Business Recorder.</i

Published 05 Feb, 2019 12:00am

CDA to start work on Embassy Road by mid-March

The Capital Development Authority (CDA) will start expansion work on Embassy Road and Ataturk Avenue in the federal capital by mid-March after a delay of almost ten months. A senior official of the CDA told Business Recorder on Monday that work on
Published 05 Feb, 2019 12:00am

CAA allows night landing operation at BKIA

The Civil Aviation Authority (CAA) has partially allowed flights landing operation at Bacha Khan International Airport Peshawar during nights.
Published 05 Feb, 2019 12:00am

IHC for shifting district courts to 'purpose-built complex'

The Islamabad High Court (IHC) on Monday directed the federal government to take measures on urgent basis for shifting the District Courts to 'purpose-built complex.'
Published 05 Feb, 2019 12:00am

State Life decides to promote sales officers

State Life Insurance Corporation is the premier life & health insurance company of the country which has served its policy holders for the past 42 years with the best returns in the shape of bonuses and maturity benefits, with an array of products serving
Published 05 Feb, 2019 12:00am

Precious land retrieved from encroachers: minister

State Minister for Interior Shehryar Afridi said on Monday that more than 50 acres of precious land illegally occupied by land mafia in the federal capital has been retrieved. Talking to the media here at Bhara Kahu, Afridi said Islamabad Capital Territor
Published 05 Feb, 2019 12:00am

Indian atrocities: International moot on Kashmir to be held in London today

An international conference on Kashmir is being held in London today (Tuesday) in connection with Kashmir Solidarity Day to highlight the Indian forces' atrocities against innocent Kashmiris and the human rights violations in the occupied Jammu and Kashmi
Published 05 Feb, 2019 12:00am

JI to hold rallies, processions on Kashmir Day

Jamaat-e-Islami (JI) Khyber Pakhtunkhwa will organize rallies, processions and gatherings to show solidarity people of Kashmir on February 5 (today). On call of JI Ameer, Senator Sirajul Haq, the party central and provincial leaders will lead the rallies
Published 05 Feb, 2019 12:00am

PFA declares 471 food workers sick

The medical screening lab of the Punjab Food Authority has declared 471 food handlers/workers sick after the results of their medical report were positive, says a monthly report of January 2019 released by the Authority on Monday. PFA Director General Muh
Published 05 Feb, 2019 12:00am

Government may easily adopt supplementary finance bill in NA

The government is unlikely to face any difficulty in passage of Supplementary Finance (Amendment) Bill-2019 in the national assembly as the bill does not require debate and sending it to the National Assembly's Standing Committee on Finance, sources in th
Published 05 Feb, 2019 12:00am

ROW to GDA, NDC: EB refuses exemption of NHA's dues

The National Highway Authority Executive Board (EB) has refused exemption of NHA's dues on account of its right of way (ROW) to Gwadar Development Authority (GDA) and National Development Complex (NDC).
Published 05 Feb, 2019 12:00am

'Customer satisfaction top priority at KMBL'

In its vision and aspiration to innovate and lead in the customer experience management domain, Khushhali Microfinance Bank (KMBL) entrusted C Square to deploy Contact Center/CX Solution by Genesys and Avantage CRM, one of the best rated solutions globall
Published 05 Feb, 2019 12:00am

Kashmir conference held in British Parliament

All parties parliamentary group on Pakistan held international conference on Kashmir in the British parliament on the eve of Kashmir Solidarity Day, Aaj News reported. The Kashmir conference was attended by all parties from Pakistan and UK. More than thre
Published 05 Feb, 2019 12:00am

Vawda visits IMC to participate in Million Tree Drive

Federal Minister for Water Resources Faisal Vawda appreciated Indus Motors Company's sustainability initiatives including contributions for Dam Fund, upon his visit to IMC to participate in IMC's Million Tree Drive. He was briefed on IMC's commitment towa
Published 05 Feb, 2019 12:00am

Rashid slammed for his remarks against Bilawal

Adviser to Chief Minister Sindh on Information, Law & Anti-corruption, Barrister Murtaza Wahab has slammed Shaikh Rashid for his remarks against PPP Chairman Bilawal Bhutto-Zardari and said that politics in Pakistan had got defamed because of persons like
Published 05 Feb, 2019 12:00am

Murder of Ramsha: Sindh Assembly witnesses chaos

The Sindh Assembly on Monday plunged into chaos after opposition clamoured for justice to the family of a girl 'kidnapped, raped and murdered' in Khairpur. The house failed to proceed smoothly, as the GDA and PTI lawmakers rose from their seats immediatel
Published 05 Feb, 2019 12:00am

Sindh CM notes Rs 104 billion shortfall in transfers from Centre

Sindh Chief Minister Syed Murad Ali Shah has said that the provincial government has witnessed a shortfall of Rs104 billion in the federal transfers this year. "This declining trend is bound to affect our cash flow and development endeavour," he said, tal
Published 05 Feb, 2019 12:00am

Soneri Bank, 1Link announce launch of 'Soneri PayPak Debit Card'

Soneri Bank Limited, one of Pakistan's leading private commercial banks, and 1Link, Pakistan's first licensed leading payment system, announced the launch of Soneri PayPak Debit Card for the bank's customers. Soneri PayPak Debit Card is Pakistan's first d
Published 05 Feb, 2019 12:00am

CM-CS explanation sought: SC nullifies reinstatement of EDO Sukkur

Supreme Court (SC) on Monday sought explanation from Sindh Chief Minister and Chief Secretary over reinstatement of an officer in the Education Department, who was terminated from service for making illegal recruitments in the department. Justice Gulzar A
Published 05 Feb, 2019 12:00am

Firoz appointed as FPCCI convener

President Federation of Pakistan Chambers of Commerce and industry (FPCCI), Engr Daroo Khan Achakzai has appointed Alamgir Firoz as Convener, Diplomatic Affairs Standing Committee of FPCCI-2019. This is third time he has been appointed as convener of the
Published 05 Feb, 2019 12:00am

Three killed in house roof collapse

Three people including a woman lost their lives as roof of a two-storey house collapsed in Gilgit Colony Korangi, in the jurisdictions of Zaman Town police station. According to the neighbours, the house constructed under a mud rock was in a depilated con
Published 05 Feb, 2019 12:00am

SBP policy rate rise: PBIF fears negative impacts on investment, industry

President of Pakistan Businessmen and Intellectuals Forum (PBIF) Mian Zahid Hussain has apprehended that with constant increase in policy rate, economic activities in the country are getting contracted. He said State Bank has increased policy rate by 25 b
Published 05 Feb, 2019 12:00am

Embezzlement of land: NAB files reference against ex-DC Malir

National Accountability Bureau (NAB), Karachi on Monday filed a corruption reference against former DC Malir District and others on the charges of embezzlement of 29 acres of government land situated at sector 31 & 32 of scheme 33 Karachi. According to de
Published 05 Feb, 2019 12:00am

Fake bank accounts' scam: Case being transferred to Islamabad, NAB tells court

National Accountability Bureau (NAB) on Monday submitted an application to inform the banking court that the money-laundering case is being transferred to Islamabad under the directives of the Supreme Court (SC) of Pakistan. During the hearing of the appl
Published 05 Feb, 2019 12:00am

Sami to lead Islamabad United in PSL-IV

Islamabad United, one of the franchises of the Pakistan Super League (PSL) Monday announced Mohammad Sami and Shadab Khan as captain and vice captain, respectively, for the fourth edition of the PSL which will kick off on 14th February, 2019 in Dubai.
Published 05 Feb, 2019 12:00am

Guaido strengthened by Europe backing as Venezuela leader

International clamor for snap elections in Venezuela intensified Monday as European powers recognized opposition chief Juan Guaido as interim leader after President Nicolas Maduro rejected their ultimatum to call presidential polls.
Published 05 Feb, 2019 12:00am

Somalia port boss killed, car bomb leaves 9 dead in Shabaab attacks

Somalia's Al-Shabaab militants shot dead the Maltese manager of a major northern port and detonated a car bomb in the capital on Monday, killing nine people, in a deadly day for the restive nation. A gunman shot Maltese national Paul Anthony Formosa at th
Published 05 Feb, 2019 12:00am

Two-thirds of Himalayan glaciers could melt

Two-thirds of Himalayan glaciers, the world's "Third Pole", could melt by 2100 if global emissions are not reduced, scientists warned in a major new study issued on Monday.
Published 05 Feb, 2019 12:00am

Currency
Sterling rises

Sterling rose on Monday after a newspaper report said that goods shipped to Britain from the European Union could be waved through without checks in the event of a "no-deal" Brexit. The Sun newspaper report that British customs will avoid checking goods f
Published 05 Feb, 2019 12:00am

Currency
Emerging currencies weaken

A strong dollar, rising oil prices and US Treasury yields holding on to recent gains put pressure on emerging markets on Monday, with currencies falling and stocks subdued. MSCI's index for developing-world currencies extended losses. The dollar gained af
Published 05 Feb, 2019 12:00am

Currency
Canadian dollar pares recent gains

The Canadian dollar weakened against its US counterpart on Monday, reversing some of last week's rally, as oil prices fell and the greenback broadly climbed. The US dollar snapped a two-week losing streak as Friday's strong US jobs data fueled demand just
Published 05 Feb, 2019 12:00am

Currency
US crypto exchange Kraken buys index provider Crypto Facilities

US virtual currency exchange Kraken said on Monday that it had acquired Crypto Facilities, a cryptocurrency index provider that calculates the reference price for CME Group Inc's bitcoin futures. Kraken said the "nine-figure deal" was its largest acquisit
Published 05 Feb, 2019 12:00am

Currency
Dollar stands tall in Europe as other currencies struggle

The dollar snapped a two-week losing streak on Monday as strong US jobs data fuelled demand while other currencies were trapped in narrow ranges. The euro struggled to rise above $1.15 as cautious comments from the European Central Bank at its January mee
Published 05 Feb, 2019 12:00am

Early trade in New York: dollar rises broadly, climbs above 110 yen

The US dollar was broadly stronger on Monday, as investors took heart from Friday's strong payroll number and improved risk appetite helped lift the greenback to a five-week high against the safe-haven yen. The euro weakened as investors fretted over econ
Published 05 Feb, 2019 12:00am

Currency
Dollar rises in Asia

The dollar edged higher on Monday, breaking a two-week losing streak as strong US jobs data propped up the greenback in a market broadly cautious on the outlook for risky assets. With much of Asia out on holidays this week, the dollar also took heart from
Published 05 Feb, 2019 12:00am

Currency
South Africa's rand likely to gain just two percent in a year

South Africa's rand is expected to trade just 2 percent higher in a year as local economic reforms kick in and support the currency, but it may be held back by a potentially more hawkish US Federal Reserve, a Reuters poll found. The survey of 35 currency
Published 05 Feb, 2019 12:00am

Footballer Sala's missing plane found

The wreckage of a plane carrying Argentine footballer Emiliano Sala and his pilot has been found two weeks after it disappeared in the English Channel, one of the investigators said on Monday. Sala, 28, was flying from France to join his new club, Premier
Published 05 Feb, 2019 12:00am

Pakistan win gold, silver and bronze medals in Fujairah Taekwondo Open

Pakistan clinched two gold medal, one silver and two bronze medals with the Queen and youngest player of the event Ayesha Ayaz from Swat felt her presence by winning bronze medal in the 27kg weight category of the 7th Fujairah Open Taekwondo Championship
Published 05 Feb, 2019 12:00am

Jazz Business Golf Tournament kicks off in Karachi

The Jazz Business Golf Tournament 2019, a premium amateur golfing tournament of Pakistan, concluded its 1st round at the Karachi Golf Club, Karsaz. The tournament witnessed participation from amateur golfers, distinguished customers and top management at
Published 05 Feb, 2019 12:00am

Starc on fire as Australia thrash Sri Lanka to win series

A resurgent Mitchell Starc took five wickets as Australia wrapped up a confidence-boosting 2-0 series thrashing of Sri Lanka Monday, with the tourists skittled for 149 in the second Test at Canberra. In front of a sparse crowd on day four, Sri Lanka resum
Published 05 Feb, 2019 12:00am

Holder banned for slow over-rate

West Indies captain Jason Holder has been suspended for the third and final Test against England due to his team's slow over-rate during their victory in Antigua last week, the ICC announced on Monday. Cricket's governing body banned Holder, despite the h
Published 05 Feb, 2019 12:00am

Honda Polo Cup 2019 begins

The Honda Polo Cup 2019 will roll into action from Tuesday (today) here at Lahore Polo Club ground. According to Lahore Polo Club (LPC) President Malik Atif Yar Tiwana, top six teams have been featuring in the 12-goal tournament, which is divided into two
Published 05 Feb, 2019 12:00am

Ryanair to restructure, posts quarterly loss

Ryanair on Monday unveiled plans for an overhaul to create four subsidiaries, as the Irish no-frills airline revealed also a third-quarter loss of 20 million euros and said a no-deal Brexit "remains worryingly high". Mirroring a set-up by British Airways
Published 05 Feb, 2019 12:00am

Italy's bond yields test 3-week highs

Italy's government borrowing costs briefly rose to their highest level in three weeks on Monday, pushed up by heightened concern that a deteriorating economic outlook will worsen the country's fiscal position.
Published 05 Feb, 2019 12:00am

FTSE 100 rides to two months high on oil strength; Ryanair slumps

London's blue-chip stocks climbed to their highest in more than two months on Monday as gains in oil shares and consumer staples offset deep losses in miners, while airline Ryanair slumped after a disappointing quarterly report.
Published 05 Feb, 2019 12:00am

Inquiry refers scandal-hit Australian banks to watchdogs

A major inquiry into scandals at Australia's banking and financial services firms has referred more than 20 cases to regulators for possible prosecution, and called for substantial changes in the sector. The wide-ranging Royal Commission was called in lat
Published 05 Feb, 2019 12:00am

Currency
Turkish inflation resumes rise

Turkish inflation slightly surged 1.06 percent in January from December after two months of slowdown, reaching an annual rate of 20.35 percent, driven by higher food prices, official statistics showed Monday. The highest monthly increase was recorded in f
Published 05 Feb, 2019 12:00am

Tesla to buy battery tech firm Maxwell

Tesla agreed Monday to buy energy tech firm Maxwell Technologies for $218 million, a move that could help the electric carmaker extend the driving range for its vehicles. The all-stock deal values Maxwell at $4.75 a share, according to a statement. The mo
Published 05 Feb, 2019 12:00am

Ryanair to restructure, posts quarterly loss

Ryanair on Monday unveiled plans for an overhaul to create four subsidiaries, as the Irish no-frills airline revealed also a third-quarter loss of 20 million euros and said a no-deal Brexit "remains worryingly high". Mirroring a set-up by British Airways
Published 05 Feb, 2019 12:00am

US factory orders fall; core capital goods unrevised

New orders for US-made goods unexpectedly fell in November amid sharp declines in demand for machinery and electrical equipment, government data showed on Monday, suggesting a slowdown in manufacturing as 2018 ended. Factory goods orders fell 0.6 percent,
Published 05 Feb, 2019 12:00am

White House economist says economy strong despite shutdown

The US economy will post strong growth in the first quarter, despite negative effects from the extended government shutdown, top White House economist Kevin Hassett said Monday. He said the year started off strong, with the blockbuster January jobs gain o
Published 05 Feb, 2019 12:00am

Currency	Rate
USD PKR Interbank Selling / Mar 7	280.17
USD PKR Interbank Buying / Mar 7	279.97
USD to Japanese Yen / Mar 7	148.06
USD to Swiss Franc / Mar 7	0.88
Pound Sterling to USD / Mar 7	1.29
Euro to USD / Mar 7	1.08
UK LIBOR % / Mar 6	4.96

Stock	Volume
S&P 500 / Mar 7	5,746.85
India Sensex / Mar 7	74,332.58
Tokyo Nikkei / Mar 7	36,887.17
Nasdaq / Mar 7	18,211.25
Hang Seng / Mar 7	24,231.30
FTSE 100 / Mar 7	8,679.88
Dow Jones / Mar 7	42,829.44
Germany DAX 30 / Mar 7	23,008.94
France CAC40 / Mar 7	8,120.80

Item	Value
Crude Oil USD/Barrel / Mar 7	67.03
Karachi Cotton PKR/37.32 KG / Mar 7	17,585
Gold 10 Grams PKR / Mar 7	263,203
Gold Spot USD/Ounce / Mar 7	2,916.80
Cotton US¢/pound / Mar 7	66.07
Petrol/Litre / Mar 9	255.63
Diesel/Litre / Mar 9	258.64

Stock	Price
Premier Insurance / Mar 7 Premier Insurance Limited(PINL)	5.49 ▲ 0.61 (12.5%)
Tariq Corp.Pref. / Mar 7 Tariq Corporation Limited-Preference Shares(TCORPCPS)	8.42 ▲ 0.92 (12.27%)
At-Tahur Ltd. / Mar 7 At-Tahur Limited(PREMA)	29.23 ▲ 2.66 (10.01%)
Ahmad Hassan / Mar 7 Ahmad Hassan Textile Mills Limited(AHTM)	59.40 ▲ 5.4 (10%)
Pak Datacom / Mar 7 Pak Datacom Limited(PAKD)	99.54 ▲ 9.05 (10%)
Apna Microfin. / Mar 7 Apna Microfinance Bank Limited(AMBL)	11.25 ▲ 1.02 (9.97%)
PIA Holding Co.B / Mar 7 PIA Holding Company Limited B(PIAHCLB)	827 ▲ 74.61 (9.92%)
Engro Poly(Pref / Mar 7 Engro Poly(Pref)(EPCLPS)	12.21 ▲ 1.1 (9.9%)
Masood Textile / Mar 7 Masood Textile Mills Limited(MSOT)	61 ▲ 5.45 (9.81%)
Pak Paper Prod / Mar 7 Pakistan Paper Products Limited(PPP)	183 ▲ 15.42 (9.2%)

Stock	Price
Int. Knit. / Mar 7 International Knitwear Limited(INKL)	17.89 ▼ -1.99 (-10.01%)
Ellcot Spinning / Mar 7 Ellcot Spinning Mills Limited(ELSM)	106.78 ▼ -11.86 (-10%)
Universal Ins. / Mar 7 The Universal Insurance Company Limited(UVIC)	9.01 ▼ -1 (-9.99%)
Unicap Modaraba / Mar 7 Unicap Modaraba(UCAPM)	3.05 ▼ -0.3 (-8.96%)
Power Cem(Pref) / Mar 7 Power Cement (Pref)(POWERPS)	13.15 ▼ -1.29 (-8.93%)
Pak. P.V.C. / Mar 7 Pakistan PVC Limited(PPVC)	8.28 ▼ -0.72 (-8%)
Agritech Limited / Mar 7 Agritech Limited(AGL)	54 ▼ -4.59 (-7.83%)
Invest Bank / Mar 7 Invest Capital Investment Bank Limited(ICIBL)	1.40 ▼ -0.1 (-6.67%)
Hafiz Ltd. / Mar 7 Hafiz Limited(HAFL)	265.06 ▼ -16.62 (-5.9%)
Reliance Cotton / Mar 7 Reliance Cotton Spinning Mills Limited(RCML)	480.36 ▼ -29.01 (-5.7%)

Stock	Volume
Fauji Cement / Mar 7 Fauji Cement Company Limited(FCCL)	57,186,347 ▲ 3.47
Pak Int.Bulk / Mar 7 Pakistan International Bulk Terminal(PIBTL)	48,305,211 ▼ -0.16
Sui South Gas / Mar 7 Sui Southern Gas Company Limited(SSGC)	23,565,729 ▲ 1.42
WorldCall Telecom / Mar 7 Worldcall Telecom Limited(WTL)	22,575,994 ▼ -0.01
Maple Leaf Cement / Mar 7 Maple Leaf Cement Factory Limited(MLCF)	22,361,248 ▲ 2.07
Oil & Gas Dev. / Mar 7 Oil & Gas Development Company Limited(OGDC)	18,047,822 ▲ 0.84
Pak Petroleum / Mar 7 Pakistan Petroleum Limited(PPL)	16,644,912 ▲ 2.4
At-Tahur Ltd. / Mar 7 At-Tahur Limited(PREMA)	14,546,590 ▲ 2.66
B.O.Punjab / Mar 7 The Bank of Punjab(BOP)	13,546,949 ▲ 0.1
P.S.O. / Mar 7 Pakistan State Oil Company Limited(PSO)	12,439,221 ▲ 24.96

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