AIRLINK 196.38 Increased By ▲ 4.54 (2.37%)
BOP 10.11 Increased By ▲ 0.24 (2.43%)
CNERGY 7.75 Increased By ▲ 0.08 (1.04%)
FCCL 38.10 Increased By ▲ 0.24 (0.63%)
FFL 15.74 Decreased By ▼ -0.02 (-0.13%)
FLYNG 24.54 Decreased By ▼ -0.77 (-3.04%)
HUBC 130.38 Increased By ▲ 0.21 (0.16%)
HUMNL 13.73 Increased By ▲ 0.14 (1.03%)
KEL 4.60 Decreased By ▼ -0.07 (-1.5%)
KOSM 6.19 Decreased By ▼ -0.02 (-0.32%)
MLCF 44.85 Increased By ▲ 0.56 (1.26%)
OGDC 206.51 Decreased By ▼ -0.36 (-0.17%)
PACE 6.58 Increased By ▲ 0.02 (0.3%)
PAEL 39.77 Decreased By ▼ -0.78 (-1.92%)
PIAHCLA 17.20 Decreased By ▼ -0.39 (-2.22%)
PIBTL 7.99 Decreased By ▼ -0.08 (-0.99%)
POWER 9.20 Decreased By ▼ -0.04 (-0.43%)
PPL 178.91 Increased By ▲ 0.35 (0.2%)
PRL 38.93 Decreased By ▼ -0.15 (-0.38%)
PTC 24.31 Increased By ▲ 0.17 (0.7%)
SEARL 109.27 Increased By ▲ 1.42 (1.32%)
SILK 1.00 Increased By ▲ 0.03 (3.09%)
SSGC 37.75 Decreased By ▼ -1.36 (-3.48%)
SYM 18.83 Decreased By ▼ -0.29 (-1.52%)
TELE 8.53 Decreased By ▼ -0.07 (-0.81%)
TPLP 12.14 Decreased By ▼ -0.23 (-1.86%)
TRG 64.76 Decreased By ▼ -1.25 (-1.89%)
WAVESAPP 12.11 Decreased By ▼ -0.67 (-5.24%)
WTL 1.64 Decreased By ▼ -0.06 (-3.53%)
YOUW 3.87 Decreased By ▼ -0.08 (-2.03%)
BR100 12,000 Increased By 69.2 (0.58%)
BR30 35,548 Decreased By -112 (-0.31%)
KSE100 114,256 Increased By 1049.3 (0.93%)
KSE30 35,870 Increased By 304.3 (0.86%)
Feb 01, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2019-02-07
Role of private sector in developing TVET highlighted

Role of private sector in developing TVET highlighted

18th Board of Management meeting of National Vocational and Technical Training Commission (NAVTTC) was held at NAVTTC Headquarters on Wednesday which was chaired by Syed Javed Hassan, Chairman NAVTTC Board. The federal minister for Ministry of Federal Edu
Published 07 Feb, 2019 12:00am
Companies Act 2017: PBC recommends SECP to delete section 452

Companies Act 2017: PBC recommends SECP to delete section 452

Pakistan Business Council (PBC) has recommended Securities and Exchange Policy Board of the Securities and Exchange Commission of Pakistan (SECP) to entirely delete section 452 (global registry) from the Companies Act 2017.
Published 07 Feb, 2019 12:00am
Minister inaugurates 'China Window' in Peshawar

Minister inaugurates 'China Window' in Peshawar

KP Senior Minister for Tourism, Culture, Sports, Archaeology, and Youth Affairs, Muhammad Atif Khan has formally inaugurated the "China Window" in Peshawar. A colourful ceremony was held in this regard, which attended by management of China Window and oth
Published 07 Feb, 2019 12:00am
UET marks Kashmiris Solidarity Day

UET marks Kashmiris Solidarity Day

To show the solidarity with Kashmiri, the University of Engineering and Technology (UET) Lahore organized a solidarity walk in campus lead by Vice Chancellor UET Prof Dr Aziz Akbar. A photographic exhibition was also arranged to highlight the brutalities
Published 07 Feb, 2019 12:00am
Senate body voices concern over increasing prices of gas, POL products

Senate body voices concern over increasing prices of gas, POL products

The Senate Standing Committee on Cabinet Secretariat has expressed serious concern and resentment over more than Rs 30 per litre tax on petroleum products and recent 10 percent to 143 percent increase in gas prices. The committee met with Senator Muhammad
Published 07 Feb, 2019 12:00am
PFMA KP demands supply of wheat to flour mills as per quota

PFMA KP demands supply of wheat to flour mills as per quota

Pakistan Flour Mills Association Khyber Pakhtunkhwa (PFMA-KP) has demanded of the provincial government to ensure supply of wheat to flour mills as per their quota to fulfill the requirement of commodity in the province. The demand was made by PFMA KP cha
Published 07 Feb, 2019 12:00am
KP Assembly urges government to review decision of raising Hajj expenses

KP Assembly urges government to review decision of raising Hajj expenses

The Khyber Pakhtunkhwa Assembly Wednesday passed a unanimous resolution demanding of the federal government to review recent increase in Hajj expenditure and immediate withdrawal of the decision. The resolution was moved by Sahibzada Sanaullah of PPP was
Published 07 Feb, 2019 12:00am
Directive to speed up uplift works

Directive to speed up uplift works

Punjab Communication and Works Minister Sardar Muhammad Asif Nakai has urged officials to speed up completion of ongoing development projects in the province. He expressed these views while chairing a departmental meeting here on Wednesday; Punjab C&W Sec
Published 07 Feb, 2019 12:00am
Fawad felicitates organisers of 'AdAsia 2019'

Fawad felicitates organisers of 'AdAsia 2019'

The Federal Minister of Information & Broadcasting Chaudhry Fawad Hussain has extended his greetings to the organisers of AdAsia 2019. In a message to the organising committee of the 31st Asian Advertising Congress the Minister stated that the holding of
Published 07 Feb, 2019 12:00am
Government may seek CCI's nod for creating PAA

Government may seek CCI's nod for creating PAA

The federal government is planning to take the proposal for formation of Poverty Alleviation Authority (PAA) to the Council of Common Interests (CCIs) to get formal approval of all the provincial governments as some of the welfare projects fall within the
Published 07 Feb, 2019 12:00am
NBP making Gwadar greener

NBP making Gwadar greener

National Bank of Pakistan (NBP) as the Nation's Bank is playing its role by advocating, promoting and enhancing environmental conservation. NBP's Green Plantation Campaign, 'Green Initiative' is part of Bank's CSR program through which thousands of plants
Published 07 Feb, 2019 12:00am
Navy seizes hashish worth $30 million near Pasni

Navy seizes hashish worth $30 million near Pasni

Pakistan Navy apprehended about 2000 kg hashish worth over $30 million during an intelligence based operation while cache was being transported via sea near Pasni, Balochistan. The cache was subsequently handed over to Anti Narcotics Force for disposal. T
Published 07 Feb, 2019 12:00am
One killed, 10 hurt in Lakki Marwat road mishap

One killed, 10 hurt in Lakki Marwat road mishap

At least one person was killed and 10 others were injured when two passenger vans collided due to dense fog in Lakki Marwat on Wednesday. Police said the incident happened on the Indus Highway in the morning when two passenger coaches coming from the oppo
Published 07 Feb, 2019 12:00am
'Property Expo Week' from April 12

'Property Expo Week' from April 12

Graana.com, the smartest property portal of Pakistan Wednesday signed memorandum of understanding (MoU) with Rawalpindi Chamber of Commerce and industry (RCCI) to hold Property Expo Week from April 12-21, 2019.
Published 07 Feb, 2019 12:00am
Prestigious French award for two Pakistani archeologists

Prestigious French award for two Pakistani archeologists

Two distinguished Pakistani archaeologists were awarded with French's "Officer of Arts et Lettres" here on Wednesday to recognise their contribution in the field of archaeology. Prof Dr Mohammad Ashraf Khan, former Director Taxila Institute of Asian Civil
Published 07 Feb, 2019 12:00am
Night navigation begins at Port Qasim

Night navigation begins at Port Qasim

In a recent announcement, the Minister for Maritime Affairs, Ali Haider Zaidi disclosed a groundbreaking development, Commencement of Night Navigation at Port Qasim. Lack of Night Navigation happened to be a cause of delays which are damaging for the ship
Published 07 Feb, 2019 12:00am
Domestic uptake of cement nosedived in January 2019

Domestic uptake of cement nosedived in January 2019

Cement sector posted double digit decline of 10.70 percent in growth in the month of January compared with corresponding month raising alarm bells among producers sitting on huge production capacity. Data released by the All Pakistan Cement Manufacturers
Published 07 Feb, 2019 12:00am
High efficiency irrigation system launched in Punjab

High efficiency irrigation system launched in Punjab

Under the directives of the Punjab government, Agriculture department has initiated a high efficiency irrigation system for introducing new modes of irrigation among the farmer community aimed at averting the possibilities of wastage irrigation water in P
Published 07 Feb, 2019 12:00am
Initiative to explore Canadian market for skilled workforce hailed

Initiative to explore Canadian market for skilled workforce hailed

Consulate General (Toronto, Canada) has taken initiative to explore Canadian market for skilled workforce of the country. For the purpose, delegation from Seneca College Toronto comprising of Arslan Mehmood, Director International Student Services and Pra
Published 07 Feb, 2019 12:00am
Lahore Literary Festival to begin on February 22

Lahore Literary Festival to begin on February 22

The seventh edition of the annual Lahore Literary Festival (LLF) starts Friday, Feb. 22, at the Alhamra Arts Center. The three-day event will conclude on Sunday, Feb. 24. This year's lineup of thinkers and opinion makers from Pakistan and abroad include L
Published 07 Feb, 2019 12:00am
Sarwar, Buzdar express solidarity with Aleem

Sarwar, Buzdar express solidarity with Aleem

After the arrest of senior Punjab Minister Abdul Aleem Khan by the National Accountability Bureau (NAB), Punjab Governor Ch Muhammad Sarwar and Chief Minister Sardar Usman Buzdar chaired a high-level meeting, here on Wednesday, which expressed its complet
Published 07 Feb, 2019 12:00am
'WeBOC system minimises human interference'

'WeBOC system minimises human interference'

Additional Collector Customs Azmat Tahira Wednesday said that following effective implementation of the Web Based One Customs (WeBOC) system, the human interference has been minimized besides reducing the cost of doing business.
Published 07 Feb, 2019 12:00am
German envoy lauds PM's efforts for cancer patients

German envoy lauds PM's efforts for cancer patients

German Ambassador to Pakistan Martin Kobler took to twitter to laud Prime Minister Imran Khan for working towards provision of treatment to cancer patients in the country. "On this WorldCancerDay my heart goes to all those who suffer from cancer. Best tre
Published 07 Feb, 2019 12:00am
Paris pact unlikely to limit global warming: study

Paris pact unlikely to limit global warming: study

A comprehensive new study of the Hindu Kush Himalaya (HKH) region, known as the world's "Third Pole" for its vast store of ice, and home to Mount Everest, K2 and other soaring peaks, finds that even the most ambitious Paris Agreement goal of limiting glob
Published 07 Feb, 2019 12:00am
Breast cancer cases assuming alarming proportions: Dr Omer

Breast cancer cases assuming alarming proportions: Dr Omer

Breast cancer has become a major health hazard as more than 40,000 women die of this disease every year, said Pink Ribbon CEO Dr Omer Aftab while addressing an awareness session on Breast Cancer at Faisalabad Women Chamber of Commerce & Industry (FWCCI) h
Published 07 Feb, 2019 12:00am
EFU Life launches first insurance chatbot on Facebook

EFU Life launches first insurance chatbot on Facebook

In today's digital age, the internet users are highly connected. As more devices and apps deliver instant gratification, the more it sets new standards for customer expectations. With a few taps and swipes of their mobile device, customers can have what t
Published 07 Feb, 2019 12:00am
New JIT formed in Parveen Rehman case: SC informed

New JIT formed in Parveen Rehman case: SC informed

The Supreme Court was informed on Wednesday that a new joint investigation team (JIT) has been constituted to probe the murder of social activist Parveen Rehman. A three-judge bench, headed by Justice Sheikh Azmat Saeed, heard a suo motu case regarding Pa
Published 07 Feb, 2019 12:00am
Trade facilitation: Pral initiates work to implement NSW system

Trade facilitation: Pral initiates work to implement NSW system

Pakistan Revenue Automation Limited (Pral), the IT arm of the Federal Board of Revenue (FBR), has started work on the speedy implementation of National Single Window (NSW) system, an online platform to provide linkage among 40 departments for trade facili
Published 07 Feb, 2019 12:00am
Trade team to visit Italy

Trade team to visit Italy

Pakistan Hosiery Manufacturers and Exporters Association (NZ), Sialkot is making necessary arrangements for sending a trade delegation of its member to Italy in April this year, keeping in view the potential available in the Italian Market for Hosiery Kni
Published 07 Feb, 2019 12:00am
Faysal Bank joins hands with CEIF IMSciences

Faysal Bank joins hands with CEIF IMSciences

Faysal Bank joined hands with the Institute of Management Sciences (IMSciences) Department of Centre for Excellence in Islamic Finance (CEIF) for the promotion of Islamic Banking through funding their project "Islamic Banking Awareness, Scholarship, and R
Published 07 Feb, 2019 12:00am
NAB to file references against ex-chief KPT, others

NAB to file references against ex-chief KPT, others

National Accountability Bureau (NAB) Thursday decided to file corruption references against former Chairman Karachi Port Trust (KPT) Vice Admiral Ahmed Hayat Khan (retd) and former Vice Chancellor Abdul Wali Khan University Mardan Dr Ihsan Ali in accounta
Published 07 Feb, 2019 12:00am
Sukkur to have 300-bed hospital

Sukkur to have 300-bed hospital

The government of Sindh has decided to establish 300-bed hospital in Sukkur. The decision was made during a meeting on Annual Development Projects Schemes for Financial Year 2019-20 presided over by Sindh Minister for Health and Population Welfare Dr. Azr
Published 07 Feb, 2019 12:00am
IS has not been defeated in Syria, still poses huge threat: UN report

IS has not been defeated in Syria, still poses huge threat: UN report

The Islamic State group has not been defeated in Syria and continues to pose by far the most significant threat of any terror group, UN sanctions monitors said Wednesday, contradicting President Donald Trump's claims that IS is nearly wiped out.
Published 07 Feb, 2019 12:00am
Rouhani says Iran ready to accept friendly US ties if it 'repents'

Rouhani says Iran ready to accept friendly US ties if it 'repents'

Iranian President Hassan Rouhani said Wednesday his country would be ready to establish "friendly relations" with the United States if it apologised for past wrongs. "Our slogan is friendly relations with the whole world," he said. That would even include
Published 07 Feb, 2019 12:00am
Block of ice kills man in Saint Petersburg as snow piles up

Block of ice kills man in Saint Petersburg as snow piles up

Lawmakers in Russia's second city Saint Petersburg have called for a state of emergency after heavier than usual snowfall caused treacherous conditions and a man died when he was hit by a block of falling ice. Public anger at icy pavements and mountains o
Published 07 Feb, 2019 12:00am
US Army to buy Israeli Iron Dome air-defense systems

US Army to buy Israeli Iron Dome air-defense systems

The US Army said Wednesday it wants to purchase a limited number of Iron Dome short-range air defense systems, an interceptor technology developed by Israel with US support. Army spokesman Colonel Patrick Seiber said the deal would meet a short-term need
Published 07 Feb, 2019 12:00am
Australia cancels residency of politically connected Chinese billionaire

Australia cancels residency of politically connected Chinese billionaire

A prominent Chinese billionaire political donor has been stripped of his Australian residency and barred from returning to the country after scrutiny of his Communist Party ties, media reported Wednesday. Huang Xiangmo was reportedly left stranded outside
Published 07 Feb, 2019 12:00am
Pompeo demands that Venezuela let in US aid

Pompeo demands that Venezuela let in US aid

US Secretary of State Mike Pompeo on Wednesday demanded that Venezuela's military let in US-backed humanitarian aid, which President Nicolas Maduro has alleged is a cover for invasion. "The Venezuelan people desperately need humanitarian aid. The US and o
Published 07 Feb, 2019 12:00am
Qatar takes delivery of first French-built Rafale jet fighter

Qatar takes delivery of first French-built Rafale jet fighter

Qatar on Wednesday took delivery of the first of 36 Rafale multi-purpose jet fighters it has ordered from French manufacturer Dassault. The hand-over ceremony in Merignac, southwestern France, where the planes are built, was attended by Qatar Defence Mini
Published 07 Feb, 2019 12:00am
EU leader damns the Brexiteers who failed to plan

EU leader damns the Brexiteers who failed to plan

European Union leader Donald Tusk injected hellfire into the Brexit crisis on Wednesday, damning British leaders for their failure to plan for the divorce and saying he hopes Theresa May now has a "realistic" idea. The British prime minister is due in Bru
Published 07 Feb, 2019 12:00am
Tunisia teachers protest after months on strike

Tunisia teachers protest after months on strike

Thousands of Tunisian teachers took to the capital's streets Wednesday to demand bonuses and improved working conditions months into a strike that has disrupted schools across the country. The demonstrators, heeding calls to protest by the country's power
Published 07 Feb, 2019 12:00am
Fire at robotic warehouse hits UK online supermarket

Fire at robotic warehouse hits UK online supermarket

Shares in UK online supermarket group Ocado slumped Wednesday after a fire ripped through a company warehouse operated by robots. Ocado said it faced "a reduction in sales growth" after a fire that started Tuesday damaged the facility in Andover, southern
Published 07 Feb, 2019 12:00am
Ariane rocket puts telecoms satellites into orbit for India

Ariane rocket puts telecoms satellites into orbit for India

Two communications satellites - for India and a consortium from Saudi Arabia, Greece and Cyprus - were successfully put into orbit by the European aerospace firm ArianeGroup, the company announced. Competition by commercial operators in the lucrative rock
Published 07 Feb, 2019 12:00am
UN experts say North Korea shielding missiles at airports

UN experts say North Korea shielding missiles at airports

North Korea's nuclear and ballistic missile programs remain intact and Pyongyang is using airports and other facilities to shield its weapons from possible US military strikes, according to a UN panel of experts. The panel said in a report seen by AFP on
Published 07 Feb, 2019 12:00am
Russian wheat export prices rise

Russian wheat export prices rise

A rise in Russian wheat export prices stalled last week after three weeks of growth as the country lost a major purchasing tender in Egypt, its largest wheat buyer, analysts said on Monday. Egypt's state grain buyer GASC bought 360,000 tonnes of French an
Published 07 Feb, 2019 12:00am
Listless business on cotton market
Cotton

Listless business on cotton market

Official spot rate was unchanged on the cotton market on Wednesday in the process of lacklustre trading activity, dealers said. The official spot rate was unchanged at Rs 8,700, they added. In the ready session, not a single deal report till our going to
Published 07 Feb, 2019 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 135,366 tonnes of cargo comprising 87,403 tonnes of import cargo and 47,963 tonnes of export cargo including 9,541 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargos of
Published 07 Feb, 2019 12:00am
Indonesia's 2018 stainless steel exports jump

Indonesia's 2018 stainless steel exports jump

Indonesia's exports of stainless steel in slabs and hot rolled coil jumped in 2018 and will continue to grow this year as the country boosts its steel production, Industry Minister Harjanto said. Stainless steel slab exports rose to 459,502 tonnes in the
Published 07 Feb, 2019 12:00am
Ivorian cocoa farmers expect plentiful mid-crop

Ivorian cocoa farmers expect plentiful mid-crop

Ivory Coast's cocoa farmers expect an abundant April-to-September mid-crop, they said on Monday, following a week of above-average rainfall in most of the country's cocoa regions. Ivory Coast, the world's top cocoa producer, is in the midst of the dry sea
Published 07 Feb, 2019 12:00am
Brazil crop tour cuts forecast for soya output

Brazil crop tour cuts forecast for soya output

Agronomists taking part in a crop tour of the main grain-producing regions in Brazil expect their forecasts for soyabean output this season to decline further as a result of poor weather in states such as Mato Grosso do Sul and Paraná. Analysts at Agrocon
Published 07 Feb, 2019 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,646. The traded value of Metals, Energy and COTS/FX was recorded at PKR 4.562 billion and the number of lots traded 8,616.
Published 07 Feb, 2019 12:00am
Indian cane farmers owed $2.8 billion as sugar prices fall

Indian cane farmers owed $2.8 billion as sugar prices fall

India's cane farmers are owed 200 billion rupees ($2.8 billion) by sugar mills in the world's second-biggest producer of the sweetener as refined sugar prices have fallen below the cost of production, a leading trade body said on Monday. Farmers in key ca
Published 07 Feb, 2019 12:00am
Sterling steadies near two-week low
Currency

Sterling steadies near two-week low

Sterling steadied on Wednesday as Prime Minister Theresa May tried to persuade the European Union to modify her Brexit deal to avoid a disorderly British departure from the bloc. EU Council President Donald Tusk said on Wednesday that he would make no new
Published 07 Feb, 2019 12:00am
Asia forex: Indonesian rupiah hits eight-month high, most unchanged

Asia forex: Indonesian rupiah hits eight-month high, most unchanged

The Indonesian rupiah firmed to an eight-month peak on Wednesday, boosted by robust growth data, while most other currencies in the region remained subdued in holiday-thinned trade. The rupiah, which has outperformed most of its regional peers since the t
Published 07 Feb, 2019 12:00am
Latam FX weaken

Latam FX weaken

Latin American currencies weakened against a firmer US dollar on Wednesday, weighed by Brazil's real as it awaited a central bank decision on interest rates, while the country's stock market tumbled amid a drop in shares of lenders. The real declined 1.1
Published 07 Feb, 2019 12:00am
Dollar rises broadly, sterling drops in New York
Currency

Dollar rises broadly, sterling drops in New York

The US dollar rose against a basket of major currencies on Tuesday, as investors awaited President Donald Trump's State of the Union address for a possible update on the US-China trade war. Continued recovery in investors' appetite for risk taking exerted
Published 07 Feb, 2019 12:00am
Aussie slumps, dollar up in Europe
Currency

Aussie slumps, dollar up in Europe

The Australian dollar slumped on Wednesday and is on track for its biggest single day drop against the greenback in a year after the central bank signalled a possible interest rate cut in a stunning shift from its long-standing tightening bias. The policy
Published 07 Feb, 2019 12:00am
Dollar steadies in Asian trade
Currency

Dollar steadies in Asian trade

The dollar held mostly steady against its peers on Wednesday, moving in a narrow range ahead of U.S. President Donald Trump's State of the Union address while drawing support from a sagging euro, which was weighed by soft data. The dollar index against a
Published 07 Feb, 2019 12:00am
Speculators cut long dollar bets
Currency

Speculators cut long dollar bets

Speculators trimmed their net long bets on the U.S. dollar in the week ended Dec. 31, according to calculations by Reuters and Commodity Futures Trading Commission data released on Tuesday. The value of the net long dollar position was $30.16 billion, com
Published 07 Feb, 2019 12:00am
Two matches decided in Honda Polo Cup 2019

Two matches decided in Honda Polo Cup 2019

EN EM Estate and Barry's registered victories in the Honda Polo Cup 2019 matches played here at Lahore Polo Club ground on Wednesday. In the first match, EN EM Estate outpaced by 6-2. Bilal Haye was top scorer for the winning side, which had two goals han
Published 07 Feb, 2019 12:00am
FC Basel buys landmark stake in Indian club

FC Basel buys landmark stake in Indian club

Top Swiss side FC Basel on Wednesday bought a 26 percent stake in Chennai City, becoming the first foreign side to buy into an Indian football club. Chennai, which has only been in existence in India's I-League for three years, did not give the value of a
Published 07 Feb, 2019 12:00am
Daraz partners with Peshawar Zalmi for PSL-IV

Daraz partners with Peshawar Zalmi for PSL-IV

Daraz, a leading e-commerce platform in Pakistan has announced their partnership with Peshawar Zalmi. Daraz will serve as the Zalmi's official e-commerce partner for the Pakistan Super League. The MoU, which was signed in Lahore by representatives of Dara
Published 07 Feb, 2019 12:00am
Peshawar Youth clinch Tabdeele Football Cup trophy

Peshawar Youth clinch Tabdeele Football Cup trophy

Peshawar Youth defeated Jungle Khail in penalty shoot-out final by 4-3 and won the trophy of 2nd Tabdeele Football Cup played here at Tehmas Khan Football Stadium. The Peshawar based Consul General of Iran Baqir Beigi, Mrs Baghar Beigi, KP Minister for Fo
Published 07 Feb, 2019 12:00am
Pakistan and India paired in politically prickly Davis Cup draw

Pakistan and India paired in politically prickly Davis Cup draw

Pakistan were drawn at home to India on Wednesday in an Asian Davis Cup qualifying tie that could present political problems. On the basis of the world rankings, India, who were seeded No.1 in the Asia Pacific draw, will be overwhelming favourites to win
Published 07 Feb, 2019 12:00am
Peshawar to host first-ever youth games: POA

Peshawar to host first-ever youth games: POA

Peshawar will host the first-ever Youth Games of Pakistan to be organized under the aegis of Pakistan Olympic Association (POA) in the Olympic year 2020. The was announced by Vice President of the Pakistan Olympic Association Syed Aqil Shah while addressi
Published 07 Feb, 2019 12:00am
Loginov, Zogg win world parallel slalom snowboard titles

Loginov, Zogg win world parallel slalom snowboard titles

Russian teen Dmitry Loginov, coming off a world parallel giant slalom title, and Switzerland's Julie Zogg won parallel slalom snowboard crowns on Tuesday at the World Freestyle Ski and Snowboard Championships. A day after capturing his first world title,
Published 07 Feb, 2019 12:00am
Seifert stars as New Zealand inflict India's worst T20 defeat

Seifert stars as New Zealand inflict India's worst T20 defeat

India crashed to their worst ever Twenty20 defeat as an aggressive 84 by Tim Seifert set New Zealand up for an 80-run win in Wellington on Wednesday. "It was one of those complete performances that you do search for," beamed New Zealand skipper Kane Willi
Published 07 Feb, 2019 12:00am
Infantino sole candidate for FIFA presidency in June vote

Infantino sole candidate for FIFA presidency in June vote

FIFA president Gianni Infantino is set to serve a second term after world football's governing body said on Wednesday he would be the only candidate for June's vote. The 48-year-old has been in charge of FIFA since February 2016, after succeeding the disg
Published 07 Feb, 2019 12:00am
Italy's economic policies hurt the poorest: IMF

Italy's economic policies hurt the poorest: IMF

Economic policies implemented by the populist government in Rome make Italy vulnerable to a crisis of market confidence, with the poorest likely to suffer the most, the IMF warned Wednesday. "The authorities' policies could leave Italy vulnerable to a ren
Published 07 Feb, 2019 12:00am
NY Times swings to profit on subscriber, advertising gains

NY Times swings to profit on subscriber, advertising gains

The New York Times moved into the profit column in the fourth quarter, helped by gains in digital advertising and the biggest increase in online subscribers since the months after the 2016 US election. The major US daily said Wednesday its profit in the f
Published 07 Feb, 2019 12:00am
European airport passenger number hits 2.34 billion

European airport passenger number hits 2.34 billion

The number of people using European airports set a record last year but growth slowed compared with 2017, the Airports Council International Europe (ACI) said Wednesday. The total number of passengers at European airports reached 2.34 billion according to
Published 07 Feb, 2019 12:00am
High-margin pickup trucks drive GM profit, shares rise

High-margin pickup trucks drive GM profit, shares rise

General Motors Co on Wednesday swung to a quarterly profit thanks to high-margin pickup trucks and crossovers in the US market plus cost cutting and maintained its full-year 2019 earnings forecast, lifting its shares 1.7 percent. All of the No. 1 US autom
Published 07 Feb, 2019 12:00am
Macron 'yellow vest' concessions harming state finances

Macron 'yellow vest' concessions harming state finances

The 10-billion-euro ($11.4 billion) package of measures for low earners announced by President Emmanuel Macron to try end the "yellow vest" revolt has "weakened" France's finances, state auditors warned Wednesday. "The outlook for the public finances in 2
Published 07 Feb, 2019 12:00am
Apple replacing retail boss as pressure on for sales

Apple replacing retail boss as pressure on for sales

A new head of retail will take over at Apple in April as the iPhone maker looks to ramp up sales in a sluggish smartphone market, particularly in China. Angela Ahrendts will leave Apple in April for "new personal and professional pursuits," her duties bei
Published 07 Feb, 2019 12:00am
Volvo recalls 167,000 cars worldwide, second in weeks

Volvo recalls 167,000 cars worldwide, second in weeks

Swedish manufacturer Volvo Cars, owned by Chinese group Geely, said on Wednesday it was recalling 167,000 cars worldwide because of a problem with the power-operated tailgate. The announcement came just two weeks after Volvo recalled 219,000 vehicles to f
Published 07 Feb, 2019 12:00am
Trump says China 'theft' of US jobs and wealth must end

Trump says China 'theft' of US jobs and wealth must end

President Donald Trump on Tuesday told Congress that Washington's aggressive trade negotiations with Beijing would mean an end to China's alleged "theft" of US jobs and wealth. In his annual State of the Union address, Trump also called on China to make t
Published 07 Feb, 2019 12:00am
US trade deficit Narrows

US trade deficit Narrows

The US trade deficit fell for the first time in six months in November amid declines in imports of cellphones and petroleum products, leading economists to boost their economic growth estimates for the fourth quarter.
Published 07 Feb, 2019 12:00am
Spotify aims to become podcasting power player

Spotify aims to become podcasting power player

Spotify, the world's leading music streaming platform, on Wednesday announced an ambitious plan to become a top streamer of podcast content. The Sweden-based company plans to invest $500 million on non-music streaming this year, seeking to dominate its li
Published 07 Feb, 2019 12:00am
Weak 2018 sees Daimler boss Zetsche leave on sour note
Currency

Weak 2018 sees Daimler boss Zetsche leave on sour note

Daimler on Wednesday reported its worst year since 2015 as trade tensions and costly investments drove a slump in profits, months before chief executive Dieter Zetsche relinquishes the wheel at the Mercedes-Benz maker. "Last year was difficult," Zetsche t
Published 07 Feb, 2019 12:00am
FTSE breaks six-day winning streak, fire burns Ocado

FTSE breaks six-day winning streak, fire burns Ocado

UK shares closed in the red on Wednesday, ending a six-day winning streak, as international heavyweights were pressured by a stronger pound and Ocado slumped after a fire at its flagship distribution centre. The FTSE 100 edged 0.1 percent lower, while the
Published 07 Feb, 2019 12:00am
Southeast Asian markets: Indonesia ends over 11-month high

Southeast Asian markets: Indonesia ends over 11-month high

Indonesian stocks surged more than 1 percent to close at an 11-month high on Wednesday, after the country posted a faster-than- expected GDP growth in the fourth quarter of 2018, while Philippines index erased early gains to end lower. Indonesia's gross d
Published 07 Feb, 2019 12:00am
Asian markets closed for holiday

Asian markets closed for holiday

Financial markets in China, Hong Kong, Malaysia, New Zealand, Singapore, South Korea and Taiwan are closed on Wednesday for a public holiday.
Published 07 Feb, 2019 12:00am
Tokyo's main Nikkei index ends higher

Tokyo's main Nikkei index ends higher

Tokyo's key Nikkei index edged up on Wednesday as US President Donald Trump's State of the Union address appeared to have a limited impact on the market. Japan's benchmark Nikkei 225 index gained 0.14 percent or 29.61 points to end the session at 20,874.0
Published 07 Feb, 2019 12:00am
Australian shares edge up

Australian shares edge up

Australian shares edged higher on Wednesday as fears of an iron ore supply shortage bolstered mining stocks, but gains were capped by a profit miss for top lender Commonwealth Bank of Australia. The S&P/ASX 200 index closed up 0.3 percent or 20.20 points
Published 07 Feb, 2019 12:00am
Italy's 30-year bond yield surges as market prepares for new deal

Italy's 30-year bond yield surges as market prepares for new deal

Long-dated Italian government bond yields rose to 2-1/2 week highs on Tuesday after the government announced it would sell a new 30-year syndicated bond. Italy has mandated Banca IMI, BNP Paribas, Credit Agricole, Deutsche Bank and Goldman Sachs to arrang
Published 07 Feb, 2019 12:00am
Italy's 30-year bond yield surges as market prepares for new deal

Italy's 30-year bond yield surges as market prepares for new deal

Long-dated Italian government bond yields rose to 2-1/2 week highs on Tuesday after the government announced it would sell a new 30-year syndicated bond. Italy has mandated Banca IMI, BNP Paribas, Credit Agricole, Deutsche Bank and Goldman Sachs to arrang
Published 07 Feb, 2019 12:00am
Foreign buyers snapped up Egyptian five-year bonds

Foreign buyers snapped up Egyptian five-year bonds

Foreign investors bought all of the five-year Egyptian treasury bonds auctioned on Monday, the country's finance ministry said on Tuesday in a sign of renewed emerging market debt appetite. Egypt's central bank sold 1.16 billion Egyptian pounds ($66 milli
Published 07 Feb, 2019 12:00am
Foreign buyers snapped up Egyptian five-year bonds

Foreign buyers snapped up Egyptian five-year bonds

Foreign investors bought all of the five-year Egyptian treasury bonds auctioned on Monday, the country's finance ministry said on Tuesday in a sign of renewed emerging market debt appetite. Egypt's central bank sold 1.16 billion Egyptian pounds ($66 milli
Published 07 Feb, 2019 12:00am
Treasury yields retreat

Treasury yields retreat

US Treasury yields fell on Tuesday, with the 10-year sliding from one-week highs, as the market priced in the Federal Reserve's dovish interest rate view amid an uncertain global economic outlook. US two-year yields also declined from one-week peaks, whil
Published 07 Feb, 2019 12:00am
Treasury yields retreat

Treasury yields retreat

US Treasury yields fell on Tuesday, with the 10-year sliding from one-week highs, as the market priced in the Federal Reserve's dovish interest rate view amid an uncertain global economic outlook. US two-year yields also declined from one-week peaks, whil
Published 07 Feb, 2019 12:00am
Indian shares end higher

Indian shares end higher

Indian shares ended higher for a fifth straight session on Wednesday, with gains across most verticals, as investor sentiment was buoyed by a slew of upbeat quarterly results ahead of a key central bank policy meet which concludes on Thursday. The Reserve
Published 07 Feb, 2019 12:00am
Stock trading costs lower since MiFID II

Stock trading costs lower since MiFID II

Stock trading costs fell significantly last year, when markets began to feel the impact of new European Union rules aimed at boosting investor protection, a report showed on Tuesday. The MiFID II directive, introduced one year ago, has brought trading cos
Published 07 Feb, 2019 12:00am
Previous Day