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Print - 2019-02-11
Dams fund: fundamental constitutional questions

Dams fund: fundamental constitutional questions

Pakistan is faced with a tremendous scarcity of water. Successive Governments failed to pay attention to planning and management of this invaluable natural resource for future human, agriculture and industrial consummation. It is now taking the form of a
Published 11 Feb, 2019 12:00am
Wall Street week ahead: US fund managers brace for consumer slowdown

Wall Street week ahead: US fund managers brace for consumer slowdown

With expectations for slowing growth escalating, US fund managers are selectively avoiding stocks in consumer companies as lofty valuations, concerns about declining earnings estimates, and consumer confidence keep them on guard. Low US unemployment and r
Published 11 Feb, 2019 12:00am
Aussie, kiwi seen climbing by year-end as Fed pauses
Currency

Aussie, kiwi seen climbing by year-end as Fed pauses

The Australian and New Zealand dollars are seen firmer in coming months, a Reuters poll showed, as the US Federal Reserve signals a policy pause although gains will be limited on uncertainties over global growth. A Reuters survey of up to 46 analysts saw
Published 11 Feb, 2019 12:00am
Sterling to slump on no-deal Brexit, rise a bit on orderly exit
Currency

Sterling to slump on no-deal Brexit, rise a bit on orderly exit

Sterling will gain between 2 and 5 percent if Britain parts ways with the European Union with a divorce deal but will slide between 5 and 10 percent in the event of a disorderly Brexit, a Reuters poll found on Wednesday. Less than eight weeks before Brita
Published 11 Feb, 2019 12:00am
US fund investors buy most junk bonds in more than two years

US fund investors buy most junk bonds in more than two years

US fund investors flooded high-yield bonds with cash in recent days, Lipper data showed on Thursday, after the Federal Reserve's rate-hike holiday. High-yield "junk" bond funds pulled in nearly $3.9 billion during the seven days ended Feb. 6, the most sin
Published 11 Feb, 2019 12:00am
US fund investors buy most junk bonds in more than two years

US fund investors buy most junk bonds in more than two years

US fund investors flooded high-yield bonds with cash in recent days, Lipper data showed on Thursday, after the Federal Reserve's rate-hike holiday. High-yield "junk" bond funds pulled in nearly $3.9 billion during the seven days ended Feb. 6, the most sin
Published 11 Feb, 2019 12:00am
Saudi index slides on weakness in blue-chips, UAE hit by property woes

Saudi index slides on weakness in blue-chips, UAE hit by property woes

Most Gulf markets fell on Sunday, led by Saudi and Qatari stocks, as investors cut positions in blue-chip stocks after last week's weakness in global stocks amid lingering uncertainty about the world economy. Saudi stocks began the day on a positive note
Published 11 Feb, 2019 12:00am
Investors pump record amounts of cash in emerging markets: BAML

Investors pump record amounts of cash in emerging markets: BAML

Investors pumped record high volumes of cash into emerging markets shares and bonds in the past week, Bank of America Merrill Lynch (BAML) said on Friday amid expectations US monetary policy could lead to a weaker US dollar. Flows into bonds reached $11.1
Published 11 Feb, 2019 12:00am
Investors pump record amounts of cash in emerging markets: BAML

Investors pump record amounts of cash in emerging markets: BAML

Investors pumped record high volumes of cash into emerging markets shares and bonds in the past week, Bank of America Merrill Lynch (BAML) said on Friday amid expectations US monetary policy could lead to a weaker US dollar. Flows into bonds reached $11.1
Published 11 Feb, 2019 12:00am
Shell leads cash race but Exxon catching up

Shell leads cash race but Exxon catching up

Royal Dutch Shell widened its lead over Exxon Mobil as king of cash among the world's top oil and gas companies last year but its US rival could catch up with its investment drive in new production. The five leading firms, known as oil majors, more than t
Published 11 Feb, 2019 12:00am
BP beats Rosneft in valuation, not operations

BP beats Rosneft in valuation, not operations

Bob Dudley and Igor Sechin both have something the other lacks. The BP chief executive, whose $138 billion oil producer owns 20 percent of Sechin's $67 billion Rosneft, may look covetously at the Russian group's fat margins. Sechin, meanwhile, will look r
Published 11 Feb, 2019 12:00am
Tata Motors cuts profit margin outlook over JLR's Brexit, China woes

Tata Motors cuts profit margin outlook over JLR's Brexit, China woes

Indian automaker Tata Motors Ltd lowered its profit margin guidance for the current fiscal year after it posted its biggest quarterly loss on Thursday, hurt by an impairment charge for its British luxury car business Jaguar Land Rover (JLR).
Published 11 Feb, 2019 12:00am
Swisscom faces 'fierce' competition with global internet companies

Swisscom faces 'fierce' competition with global internet companies

Swisscom said it faced "fierce" competition with global internet companies while reporting 2018 net profit that matched expectations amid looming market consolidation in Switzerland. The internet, mobile phone and digital television provider reported net
Published 11 Feb, 2019 12:00am
ING posts slight fall in profits for 2018

ING posts slight fall in profits for 2018

Dutch bank ING posted on Wednesday a slight fall in profits for 2018 following a multi-million-euro settlement with Netherlands authorities in a money laundering investigation. Earnings fell by 4.1 percent to 4.7 billion euros ($5.4 billion) last year des
Published 11 Feb, 2019 12:00am
ING posts slight fall in profits for 2018

ING posts slight fall in profits for 2018

Dutch bank ING posted on Wednesday a slight fall in profits for 2018 following a multi-million-euro settlement with Netherlands authorities in a money laundering investigation. Earnings fell by 4.1 percent to 4.7 billion euros ($5.4 billion) last year des
Published 11 Feb, 2019 12:00am
Total eyes more output growth in 2019

Total eyes more output growth in 2019

French energy major Total is eyeing further strong growth in oil and gas production in 2019 after record output in 2018 enabled it to post a 28 percent jump in full-year earnings. Total said production is expected to rise by 9 percent to reach over 3 mill
Published 11 Feb, 2019 12:00am
Total eyes more output growth in 2019

Total eyes more output growth in 2019

French energy major Total is eyeing further strong growth in oil and gas production in 2019 after record output in 2018 enabled it to post a 28 percent jump in full-year earnings. Total said production is expected to rise by 9 percent to reach over 3 mill
Published 11 Feb, 2019 12:00am
Quarterly profit of SoftBank Corp rises by 24 percent

Quarterly profit of SoftBank Corp rises by 24 percent

SoftBank Corp, Japan's third-largest mobile phone network provider, said on Tuesday operating profit rose 24 percent in its third quarter as users switched to data-heavy plans, in its first earnings report as a public company.
Published 11 Feb, 2019 12:00am
Quarterly profit of SoftBank Corp rises by 24 percent

Quarterly profit of SoftBank Corp rises by 24 percent

SoftBank Corp, Japan's third-largest mobile phone network provider, said on Tuesday operating profit rose 24 percent in its third quarter as users switched to data-heavy plans, in its first earnings report as a public company.
Published 11 Feb, 2019 12:00am
GSK's profit gets a Trump bump

GSK's profit gets a Trump bump

Pharmaceutical giant GlaxoSmithKline on Wednesday said group annual net profit more than doubled in 2018, largely on lower R&D and US tax costs. Profit after tax soared to £3.62 billion ($4.69 billion, 4.12 billion euros) last year compared with £1.53 bil
Published 11 Feb, 2019 12:00am
GSK's profit gets a Trump bump

GSK's profit gets a Trump bump

Pharmaceutical giant GlaxoSmithKline on Wednesday said group annual net profit more than doubled in 2018, largely on lower R&D and US tax costs. Profit after tax soared to £3.62 billion ($4.69 billion, 4.12 billion euros) last year compared with £1.53 bil
Published 11 Feb, 2019 12:00am
BNP Paribas reports dip in profits for 2018
Currency

BNP Paribas reports dip in profits for 2018

French banking group BNP Paribas reported on Wednesday a dip in profits for 2018, dragged down by its corporate outfit, saying it would double down on cost savings and lower earnings targets. Net profits slid by three percent from 2017 to 7.53 billion eur
Published 11 Feb, 2019 12:00am
BNP Paribas reports dip in profits for 2018
Currency

BNP Paribas reports dip in profits for 2018

French banking group BNP Paribas reported on Wednesday a dip in profits for 2018, dragged down by its corporate outfit, saying it would double down on cost savings and lower earnings targets. Net profits slid by three percent from 2017 to 7.53 billion eur
Published 11 Feb, 2019 12:00am
Emerging economies catching up in adopting smartphone: survey

Emerging economies catching up in adopting smartphone: survey

Smartphone use has become the norm in most developed nations while many emerging economies are showing sharp gains, a global survey showed Tuesday. The Pew Research Center report found strong majorities of adults using smartphones in the world's wealthier
Published 11 Feb, 2019 12:00am
FLIR launches first uncooled methane gas detection camera

FLIR launches first uncooled methane gas detection camera

FLIR Systems Inc on Feb 5 announced the FLIR GF77 Gas Find IR, its first uncooled thermal camera designed for detecting methane. This handheld camera offers inspection professionals the features they need to find potentially dangerous, invisible methane l
Published 11 Feb, 2019 12:00am
GSMA Innovation City returns to MWC19

GSMA Innovation City returns to MWC19

The GSMA Innovation City will return to MWC19 inviting visitors to experience how mobile connectivity is positively impacting society and helping to create a better future for businesses and citizens alike. The immersive exhibition space, which is now in
Published 11 Feb, 2019 12:00am
Facebook lets senders undo sent missives
Kerb

Facebook lets senders undo sent missives

Facebook on Tuesday added a Messenger feature for anyone who has fired off a comment they regretted - a way to take it back. Messenger users will now have a 10-minute window after sending a message to undo it, leaving behind a note telling everyone in a c
Published 11 Feb, 2019 12:00am
RCN launches new ultra HD 4K channels with SES

RCN launches new ultra HD 4K channels with SES

RCN, an award-winning provider of high-speed internet, digital TV and phone services, has announced its commercial launch of Ultra HD services through a partnership with SES, the world's leading satellite operator. RCN is featuring seven dedicated 4K chan
Published 11 Feb, 2019 12:00am
Last 4 years hottest on record, UN confirms

Last 4 years hottest on record, UN confirms

The last four years were the hottest since global temperature records began, the UN confirmed Wednesday in an analysis that it said was a "clear sign of continuing long-term climate change."
Published 11 Feb, 2019 12:00am
Melting ice sheets may cause 'climate chaos'

Melting ice sheets may cause 'climate chaos'

Billions of tonnes of meltwater flowing into the world's oceans from the Greenland and Antarctic ice sheets could boost extreme weather and destabilise regional climate within a matter of decades, researchers said on Wednesday.
Published 11 Feb, 2019 12:00am
WHO, vaccine group back 'critical' cervical cancer shots

WHO, vaccine group back 'critical' cervical cancer shots

A vaccine given to girls to protect them against a virus that causes cervical cancer is a "critical" health tool and access to it should be scaled up as swiftly as possible, especially in poorer countries, cancer experts said on Monday.
Published 11 Feb, 2019 12:00am
Prior dengue infection may protect against Zika: study

Prior dengue infection may protect against Zika: study

Prior infection with dengue, a mosquito-borne disease that infects nearly 400 million people a year, could reduce the risk of contracting Zika nearly by half, U.S. and Brazilian researchers reported on Thursday. The finding, published in the journal Scien
Published 11 Feb, 2019 12:00am
Saudis don't know where Khashoggi's body is, says foreign minister

Saudis don't know where Khashoggi's body is, says foreign minister

Saudi authorities do not know where dissident Jamal Khashoggi's body is despite having in custody the Saudi team that murdered him, the kingdom's foreign minister said in an interview broadcast Sunday. The dissident journalist was dismembered after his mu
Published 11 Feb, 2019 12:00am
New shutdown threat as US budget talks stall

New shutdown threat as US budget talks stall

US budget talks have hit another impasse over immigration, a key Republican negotiator said Sunday, raising the prospect of a second government shutdown if no agreement is reached by this week's deadline. "I think the talks are stalled right now," Richard
Published 11 Feb, 2019 12:00am
Turkey calls on China to close internment camps for Muslims

Turkey calls on China to close internment camps for Muslims

Turkey called on China to close its internment camps for Muslims, saying the camps which reportedly hold a million ethnic Uighur people are a "great shame for humanity". Last week, rights activists urged European and Muslim nations to take the lead in est
Published 11 Feb, 2019 12:00am
Poland to buy US rocket system for $414 million

Poland to buy US rocket system for $414 million

Poland said Sunday it will buy mobile rocket launchers worth $414 million (365 million euros) from the United States, as Warsaw seeks closer ties with Washington amid concerns over a resurgent Russia. The deal, due to be signed Wednesday, will "significan
Published 11 Feb, 2019 12:00am
Palestinians walk Hebron pupils to school after monitors leave

Palestinians walk Hebron pupils to school after monitors leave

Palestinians in the occupied West Bank city of Hebron walked children to school Sunday, saying protecting them from Israeli settlers was necessary following the withdrawal of international monitors. Israeli Prime Minister Benjamin Netanyahu announced last
Published 11 Feb, 2019 12:00am
Netanyahu vows to freeze Palestinian funds

Netanyahu vows to freeze Palestinian funds

Nudged by rightwing political rivals after a deadly Palestinian attack on a young Israeli woman, Prime Minister Benjamin Netanyahu who seeks re-election pledged Sunday to freeze money transfers to the Palestinian Authority. Israel collects around $127 mil
Published 11 Feb, 2019 12:00am
Three killed in UN helicopter crash in disputed region

Three killed in UN helicopter crash in disputed region

An Ethiopian military helicopter crashed inside a United Nations compound in the disputed Abyei region between Sudan and South Sudan, killing three crew members and injuring 10 passengers, the UN said in a statement Sunday. The statement said the helicopt
Published 11 Feb, 2019 12:00am
Iran awaits Lebanese 'desire' to accept its military aid: FM

Iran awaits Lebanese 'desire' to accept its military aid: FM

Iran is waiting for Lebanon to show a desire to accept its military assistance, Iran's foreign minister said on Sunday, reiterating an offer of support to the US-backed Lebanese military. Mohammad Javad Zarif, whose government backs the powerful Lebanese
Published 11 Feb, 2019 12:00am
Long-haul New Zealand-China flight forced back mid-flight

Long-haul New Zealand-China flight forced back mid-flight

A passenger plane flying from Auckland to Shanghai was forced to turn back after some five hours in the air because it did not have permission to land, officials said Sunday. Passengers said the captain informed them mid-flight the Air New Zealand plane w
Published 11 Feb, 2019 12:00am
Spain's right, far-right rally against PM over Catalonia

Spain's right, far-right rally against PM over Catalonia

Tens of thousands of people waving Spanish flags joined a rally on Sunday in Madrid called by right-wing and far-right parties against Prime Minister Pedro Sanchez, who they accuse of treachery over his negotiations with Catalan separatists. Police said a
Published 11 Feb, 2019 12:00am
Russia 'repatriates' 27 IS children from Iraq

Russia 'repatriates' 27 IS children from Iraq

A Russian official said Sunday that Moscow had repatriated a fresh batch of children whose mothers are being held in Iraq for belonging to the Islamic State group. "Twenty-seven Russian children have been repatriated from Baghdad," a Russian foreign minis
Published 11 Feb, 2019 12:00am
Kagame steps down, Sisi takes helm at African Union

Kagame steps down, Sisi takes helm at African Union

Rwandan President Paul Kagame, who led an active, reformist tenure as African Union chair, on Sunday passed the baton to Egypt, seen as more likely to focus on security issues than expanding the body's powers. Egyptian President Abdel Fattah al-Sisi offic
Published 11 Feb, 2019 12:00am
Travel in China grows over Lunar Year holiday

Travel in China grows over Lunar Year holiday

People in China made 415 million domestic trips during the Lunar New Year holiday, an increase of 7.6 percent from the same period last year, the official Xinhua news agency reported on Sunday as the week-long break drew to a close. Domestic tourism durin
Published 11 Feb, 2019 12:00am
Egypt's urban inflation rises to 12.7 percent in January

Egypt's urban inflation rises to 12.7 percent in January

Egypt's annual urban consumer price inflation increased to 12.7 percent in January from 12.0 percent in December, the CAPMAS statistics agency said on Sunday, though the data was unlikely to quell speculation the central bank may soon cut rates. Inflation
Published 11 Feb, 2019 12:00am
Renault denounces Nissan over Ghosn investigation

Renault denounces Nissan over Ghosn investigation

Lawyers for French carmaker Renault have criticised their Japanese alliance partner Nissan for its handling of an internal probe into the Carlos Ghosn scandal, a Sunday newspaper has reported. In a letter to Nissan dated January 19, the lawyers said they
Published 11 Feb, 2019 12:00am
Hungary PM announces new tax, loan benefits for families

Hungary PM announces new tax, loan benefits for families

Hungarian Prime Minister Viktor Orban on Sunday announced a raft of new tax and loan benefits for families as part of efforts by his government to boost birth numbers while holding a hard line against immigration. The measures include the expansion of a s
Published 11 Feb, 2019 12:00am
Poverty not an obstacle to excellent healthcare in Africa: Gates

Poverty not an obstacle to excellent healthcare in Africa: Gates

Billionaire philanthropist Bill Gates said Sunday that excellent basic healthcare that would prevent easily treatable but deadly conditions was achievable even in Africa's poorest nations. "The good news about health is that by spending modest amounts on
Published 11 Feb, 2019 12:00am
Modest praise for US reform of visa program for skilled workers
Kerb

Modest praise for US reform of visa program for skilled workers

The Trump administration's new rules for a US visa program widely used for technology workers are getting cautious praise from Silicon Valley amid surging demand for high-skill employees. The H-1B visa program, which admits some 85,000 foreign nationals e
Published 11 Feb, 2019 12:00am
Australia tightens building laws

Australia tightens building laws

Australia's most populous state said Sunday it would embark on the "biggest overhaul of building laws" in its history, months after residents were evacuated from a recently completed Sydney high-rise apartment that made "cracking noises". There have been
Published 11 Feb, 2019 12:00am
How Venezuela turns its useless bank notes into gold
Currency

How Venezuela turns its useless bank notes into gold

Venezuela's most successful financial operations in recent years have not taken place on Wall Street, but in primitive gold-mining camps in the nation's southern reaches. With the country's economy in meltdown, an estimated 300,000 fortune hunters have de
Published 11 Feb, 2019 12:00am
Iranian economy at a glance

Iranian economy at a glance

Iran had an estimated Gross Domestic Product (GDP) in 2017 of US$447.7 billion, and a population of 80.6 million people. Based on Gross National Product (GNP) ranking published by World Bank in 2016, Iran ranks 18th. The last ranking of the International
Published 11 Feb, 2019 12:00am
Message from Consul General of the Islamic Republic of Iran

Message from Consul General of the Islamic Republic of Iran

I, as the Consul General of the Islamic Republic of Iran in Karachi, offer my best felicitations to the Great Leader of the Revolution Hazrat Ayatollah Khamenie, the Honorable President Dr. Hasan Rouhani and all my dear Iranians and compatriots residing i
Published 11 Feb, 2019 12:00am
Your rupee last week
Currency

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (February 4 to 8, 2019).

Published 11 Feb, 2019 12:00am
The Weather

The Weather

The weather report on Sunday (February 10, 2019) and the forecast for Monday (February 11, 2019).

Published 11 Feb, 2019 12:00am
US envoy heads 6-nation tour for 'intra-Afghan' talks

US envoy heads 6-nation tour for 'intra-Afghan' talks

A senior US diplomat is set to lead a large delegation on a six-nation tour, including Afghanistan, to boost that country's peace process and bring "all Afghan parties together in an intra-Afghan dialogue," the State Department said Sunday.
Published 11 Feb, 2019 12:00am
IMCTC delegation arrives in Islamabad

IMCTC delegation arrives in Islamabad

A high-level delegation of Saudi-based Islamic Military Counterterrorism Coalition (IMCTC) has arrived in Islamabad to discuss matters related to Saudi Crown Prince's visit and role of Pakistan in the Yemen crisis. Aaj News on Sunday reported that
Published 11 Feb, 2019 12:00am
IMF deal: PML-N accuses PTI government of hoodwinking people

IMF deal: PML-N accuses PTI government of hoodwinking people

Former Interior Minister and PML-N leader Ahsan Iqbal has said that PTI-led government was hoodwinking people now because they had already finalised deal with the IMF. Aaj New reported that Ahsan Iqbal also reminded Prime Minister Imran Khan of his
Published 11 Feb, 2019 12:00am
International cyclist Sabiha Zahid dies of cancer

International cyclist Sabiha Zahid dies of cancer

Four times national champion and South Asian silver medallist international cyclist Sabiha Zahid died in Combined Military Hospital (CMH) Rawalpindi due to cancer and was laid to rest in her native village Pinyan of Haripur on Sunday. 32-year-old Sabiha w
Published 11 Feb, 2019 12:00am
High-stakes US-China trade talks resume as deadline approaches

High-stakes US-China trade talks resume as deadline approaches

With a March 1 deadline fast approaching, US and Chinese officials resume negotiations next week to prevent escalation of a trade dispute that has major implications for the global economy. China's economy already has shown signs of slowing, while the tra
Published 11 Feb, 2019 12:00am
THE RUPEE: dollar surges
Currency

THE RUPEE: dollar surges

The rupee gave up firmness against the dollar on the money market during the week, ended on February 09, 2019. The rupee lost about 15 paisas against the dollar for buying and selling at Rs 138.35 and Rs 138.40.
Published 11 Feb, 2019 12:00am
THE RUPEE: dollar surges
Currency

THE RUPEE: dollar surges

The rupee gave up firmness against the dollar on the money market during the week, ended on February 09, 2019. The rupee lost about 15 paisas against the dollar for buying and selling at Rs 138.35 and Rs 138.40.
Published 11 Feb, 2019 12:00am
PM, Abu Dhabi Crown Prince discuss bilateral matters

PM, Abu Dhabi Crown Prince discuss bilateral matters

Prime Minister Imran Khan on Sunday met with Crown Prince of Abu Dhabi Sheikh Mohammed bin Zayed Al Nahyan in Dubai. During the bilateral meeting, they exchanged views on matters relating to bilateral interest and enhancing relations between the two count
Published 11 Feb, 2019 12:00am
PM, Abu Dhabi Crown Prince discuss bilateral matters

PM, Abu Dhabi Crown Prince discuss bilateral matters

Prime Minister Imran Khan on Sunday met with Crown Prince of Abu Dhabi Sheikh Mohammed bin Zayed Al Nahyan in Dubai. During the bilateral meeting, they exchanged views on matters relating to bilateral interest and enhancing relations between the two count
Published 11 Feb, 2019 12:00am
IMF chief says ready to support Pakistan

IMF chief says ready to support Pakistan

International Monetary Fund chief Christine Lagarde on Sunday met Prime Minister Imran Khan and assured him that IMF stands ready to support his country. The meeting took place on the sidelines of the World Government Summit in Dubai, hosted by the United
Published 11 Feb, 2019 12:00am
IMF chief says ready to support Pakistan

IMF chief says ready to support Pakistan

International Monetary Fund chief Christine Lagarde on Sunday met Prime Minister Imran Khan and assured him that IMF stands ready to support his country. The meeting took place on the sidelines of the World Government Summit in Dubai, hosted by the United
Published 11 Feb, 2019 12:00am
IMF chief says ready to support Pakistan

IMF chief says ready to support Pakistan

International Monetary Fund chief Christine Lagarde on Sunday met Prime Minister Imran Khan and assured him that IMF stands ready to support his country. The meeting took place on the sidelines of the World Government Summit in Dubai, hosted by the United
Published 11 Feb, 2019 12:00am
Bearish trend witnessed

Bearish trend witnessed

Pakistan Stock Exchange witnessed bearish trend during the outgoing 4-day week ended on February 8, 2019 as the investors opted to book profit. BRIndex100 lost 27.59 points on week-on-week basis to close at 4,351.44 points. Average daily volumes stood at
Published 11 Feb, 2019 12:00am
Bearish trend witnessed

Bearish trend witnessed

Pakistan Stock Exchange witnessed bearish trend during the outgoing 4-day week ended on February 8, 2019 as the investors opted to book profit. BRIndex100 lost 27.59 points on week-on-week basis to close at 4,351.44 points. Average daily volumes stood at
Published 11 Feb, 2019 12:00am
Bearish trend witnessed

Bearish trend witnessed

Pakistan Stock Exchange witnessed bearish trend during the outgoing 4-day week ended on February 8, 2019 as the investors opted to book profit. BRIndex100 lost 27.59 points on week-on-week basis to close at 4,351.44 points. Average daily volumes stood at
Published 11 Feb, 2019 12:00am
Futures spread up by 129 basis points

Futures spread up by 129 basis points

The futures spread increased by 129bps to 9.28 percent on the last day of the outgoing week. Trading activities on the futures counter slightly improved as average daily volumes increased by 11.9 percent to 49.41 million shares. The average daily trading
Published 11 Feb, 2019 12:00am
Futures spread up by 129 basis points

Futures spread up by 129 basis points

The futures spread increased by 129bps to 9.28 percent on the last day of the outgoing week. Trading activities on the futures counter slightly improved as average daily volumes increased by 11.9 percent to 49.41 million shares. The average daily trading
Published 11 Feb, 2019 12:00am
Strategy prepared ahead of FATF meeting

Strategy prepared ahead of FATF meeting

The federal government has prepared an effective and functional strategy for the upcoming Financial Action Task Force (FATF) meeting in Paris, following certain measures to curb money laundering and terror financing guidelines. According to sources, Pakis
Published 11 Feb, 2019 12:00am
Strategy prepared ahead of FATF meeting

Strategy prepared ahead of FATF meeting

The federal government has prepared an effective and functional strategy for the upcoming Financial Action Task Force (FATF) meeting in Paris, following certain measures to curb money laundering and terror financing guidelines. According to sources, Pakis
Published 11 Feb, 2019 12:00am
Strategy prepared ahead of FATF meeting

Strategy prepared ahead of FATF meeting

The federal government has prepared an effective and functional strategy for the upcoming Financial Action Task Force (FATF) meeting in Paris, following certain measures to curb money laundering and terror financing guidelines. According to sources, Pakis
Published 11 Feb, 2019 12:00am
Strategy prepared ahead of FATF meeting

Strategy prepared ahead of FATF meeting

The federal government has prepared an effective and functional strategy for the upcoming Financial Action Task Force (FATF) meeting in Paris, following certain measures to curb money laundering and terror financing guidelines. According to sources, Pakis
Published 11 Feb, 2019 12:00am
Pakistan, Lebanon agree to enhance bilateral trade

Pakistan, Lebanon agree to enhance bilateral trade

Pakistan and Lebanon Sunday agreed to enhance the volume of trade between them with Prime Minister Imran Khan inviting the Lebanese companies to invest in the country. The bilateral ties were discussed during a meeting of Prime Minister Imran Khan with hi
Published 11 Feb, 2019 12:00am
Centre, Sindh governments agree to further improve working relations

Centre, Sindh governments agree to further improve working relations

Sindh Chief Minister Syed Murad Ali Shah Sunday called on President Dr Arfi Alvi here wherein both the federal and Sindh governments agreed to further improve working relations and mutual cooperation. In a detailed meeting with the chief minister, the pre
Published 11 Feb, 2019 12:00am
Fire guts election office in key Nigerian state

Fire guts election office in key Nigerian state

A fire gutted an electoral commission office in central Nigeria, destroying ballot boxes and other materials just a week before polling, officials said on Sunday. The blaze happened at the Independent National Electoral Commission (INEC) Office in the Qua
Published 11 Feb, 2019 12:00am
LNG terminal at Port Qasim: PM to be briefed in detail

LNG terminal at Port Qasim: PM to be briefed in detail

The management of M/s Mitsubishi Corporation, establishing a Liquefied Natural Gas (LNG) project, is expected to meet Prime Minister Imran Khan later this month to apprise him about the project. Mitsubishi Corporation is setting up a 750 Million Cubic Fee
Published 11 Feb, 2019 12:00am
LNG terminal at Port Qasim: PM to be briefed in detail

LNG terminal at Port Qasim: PM to be briefed in detail

The management of M/s Mitsubishi Corporation, establishing a Liquefied Natural Gas (LNG) project, is expected to meet Prime Minister Imran Khan later this month to apprise him about the project. Mitsubishi Corporation is setting up a 750 Million Cubic Fee
Published 11 Feb, 2019 12:00am
LNG terminal at Port Qasim: PM to be briefed in detail

LNG terminal at Port Qasim: PM to be briefed in detail

The management of M/s Mitsubishi Corporation, establishing a Liquefied Natural Gas (LNG) project, is expected to meet Prime Minister Imran Khan later this month to apprise him about the project. Mitsubishi Corporation is setting up a 750 Million Cubic Fee
Published 11 Feb, 2019 12:00am
South Korea signs deal to pay more for US troops after Trump demand

South Korea signs deal to pay more for US troops after Trump demand

Officials signed a short-term agreement on Sunday to boost South Korea's contribution toward the upkeep of U.S. troops on the peninsula, after a previous deal lapsed amid U.S. President Donald Trump's call for the South to pay more. About 28,500 U.S. troo
Published 11 Feb, 2019 12:00am
South Korea signs deal to pay more for US troops after Trump demand

South Korea signs deal to pay more for US troops after Trump demand

Officials signed a short-term agreement on Sunday to boost South Korea's contribution toward the upkeep of U.S. troops on the peninsula, after a previous deal lapsed amid U.S. President Donald Trump's call for the South to pay more. About 28,500 U.S. troo
Published 11 Feb, 2019 12:00am
PKR devaluation not led to phenomenal export growth: Ishrat

PKR devaluation not led to phenomenal export growth: Ishrat

Prime Minister Imran Khan's aide Dr. Ishrat Hussain is said to have stated that no phenomenal increase in exports has been witnessed despite rupee devaluation, well-informed sources in Finance Ministry told Business Recorder.
Published 11 Feb, 2019 12:00am
PKR devaluation not led to phenomenal export growth: Ishrat

PKR devaluation not led to phenomenal export growth: Ishrat

Prime Minister Imran Khan's aide Dr. Ishrat Hussain is said to have stated that no phenomenal increase in exports has been witnessed despite rupee devaluation, well-informed sources in Finance Ministry told Business Recorder.
Published 11 Feb, 2019 12:00am
PKR devaluation not led to phenomenal export growth: Ishrat

PKR devaluation not led to phenomenal export growth: Ishrat

Prime Minister Imran Khan''s aide Dr. Ishrat Hussain is said to have stated that no phenomenal increase in exports has been witnessed despite rupee devaluation, well-informed sources in Finance Ministry told Business Recorder.
Published 11 Feb, 2019 12:00am
Indian troops martyr five Kashmiris in IoK

Indian troops martyr five Kashmiris in IoK

Indian troops, in their fresh act of state terrorism, killed five people in Kulgam district of the occupied Kashmir (IoK) on Sunday. The Indian forces killed the youth during a cordon and search operation in the Kellam area of the district. The troops als
Published 11 Feb, 2019 12:00am