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Print - 2019-02-14
IS defends last Syria redoubt, as family members flee

IS defends last Syria redoubt, as family members flee

Jihadist fighters made a desperate last stand in eastern Syria on Wednesday, while their wives and children fled the final, blood-soaked implosion of the Islamic State group's "caliphate". The US-backed Syrian Democratic Forces on Saturday launched a fina
Published 14 Feb, 2019 12:00am
IT minister briefed on SCO working

IT minister briefed on SCO working

Federal Minister for Information Technology and Telecommunication Dr Khalid Maqbool Siddiqui visited Special Communications Organization (SCO) on Wednesday. On his arrival, the federal minister was warmly welcomed by Director General of SCO Maj-Gen Ali Fa
Published 14 Feb, 2019 12:00am
Rashid defends government for IMF package

Rashid defends government for IMF package

Federal Minister for Railways Sheikh Rashid Ahmed has said that the government has no choice but to seek a bailout package from International Monetary Fund (IMF). "If I were the prime minister, I would have also approached the IMF," the railways minister
Published 14 Feb, 2019 12:00am
Faulty detector 'Khoji': SHC asks CAA, ASF & others to submit replies

Faulty detector 'Khoji': SHC asks CAA, ASF & others to submit replies

Sindh High Court (SHC) on Wednesday ordered the issuance of notices to Ministry of Defence, Civil Aviation Authority (CAA), Airport Security Force (ASF) and others to submit their replies in a petition pertaining to manufacturing and sale of alleged fault
Published 14 Feb, 2019 12:00am
Seafood export continues to fall

Seafood export continues to fall

Pakistan seafood export has fallen to $183.691 million in July-Dec 2018-19, down by 8.44 percent, according to official figures. Seafood export scaled down by $16.93 million in July-Dec 2018-19 from $200.621 million in July-Dec 2017-18, Pakistan Bureau of
Published 14 Feb, 2019 12:00am
PM satisfied over PCP's success

PM satisfied over PCP's success

Prime Minister Imran Khan Wednesday lauded the immense success of Pakistan Citizen Portal (PCP) after it was recognised at World Government Summit competition. The PCP, an integrated citizens' grievance redressal system connecting all government organisat
Published 14 Feb, 2019 12:00am
PTA top posts advertised, LHC informed

PTA top posts advertised, LHC informed

The federal government on Wednesday told the Lahore High Court that posts of chairman Pakistan Telecommunication Authority (PTA) and its members technical and finance had been advertised by the Cabinet Division after completion of the tenure of the incumb
Published 14 Feb, 2019 12:00am
PTA top posts advertised, LHC informed

PTA top posts advertised, LHC informed

The federal government on Wednesday told the Lahore High Court that posts of chairman Pakistan Telecommunication Authority (PTA) and its members technical and finance had been advertised by the Cabinet Division after completion of the tenure of the incumb
Published 14 Feb, 2019 12:00am
LHC moved against Hajj policy

LHC moved against Hajj policy

A bar member has approached the Lahore High Court against Hajj Policy-2019 for being unlawful. The petitioner Mian Asif Mahmood contended in his petition that the government has abolished subsidy given by the predecessors and increased the cost of Hajj. H
Published 14 Feb, 2019 12:00am
Jameel likely to become ZTBL president

Jameel likely to become ZTBL president

The federal government is all set to approve the name of permanent new President/CEO, Zarai Tarqiati Bank Limited (ZTBL) on Thursday (today), well-informed sources told Business Recorder. The three candidates are, Adnan Ghani, Shahbaz Jameel and in
Published 14 Feb, 2019 12:00am
SECP highlights importance of beneficial ownership information

SECP highlights importance of beneficial ownership information

The Securities and Exchange Commission of Pakistan (SECP) Tuesday informed corporate sector that the beneficial ownership information is necessary to detect and prevent tax evasion, corruption, money laundering, terrorist financing, and other illicit beha
Published 14 Feb, 2019 12:00am
Cheetay.pk to launch Xoom programme

Cheetay.pk to launch Xoom programme

Cheetay.pk is on its way to revolutionising the e-commerce industry by providing not only prompt delivery of food from over 450 restaurants in Lahore but books from renowned book stores, health & beauty products from the best pharmacies and groceries at t
Published 14 Feb, 2019 12:00am
SECP delegates powers of 'Registrar Modaraba' to JDS & ED

SECP delegates powers of 'Registrar Modaraba' to JDS & ED

The Securities and Exchange Commission of Pakistan (SECP) has delegated powers and functions of Registrar Modaraba to the Joint Director Supervision and Enforcement Department, Specialised Companies Division, in respect of Modaraba Companies and Modaraba
Published 14 Feb, 2019 12:00am
Unity among Muslim countries urged

Unity among Muslim countries urged

Speaker National Assembly Asad Qaiser has said that unity and close cooperation among Muslim countries is essential to overcome challenges being confronted by the Muslim Ummah. The Speaker expressed these views while talking to the Ambassador of State of
Published 14 Feb, 2019 12:00am
Saeed's plea: judgement reserved

Saeed's plea: judgement reserved

Accountability Court Wednesday reserved its verdict on former President National Bank of Pakistan (NBP) Saeed Ahmed's plea seeking acquittal in corruption reference filed against former Finance Minister Muhammad Ishaq Dar in which he is one of the co-accu
Published 14 Feb, 2019 12:00am
GEPCO recovers Rs 170 million from 2500 thieves

GEPCO recovers Rs 170 million from 2500 thieves

The Gujranwala Electric Power Company recovered Rs. 170 million from 2,500 electricity thieves and registered cases against 2124 culprits in respective police stations of its region since the launch of indiscriminate campaign to drastically cut down the l
Published 14 Feb, 2019 12:00am
Pakistan-Malaysia business relationship: an overview

Pakistan-Malaysia business relationship: an overview

Pak-Malaysia Business Council is playing a vital role in facilitating the business between the two countries. Pakistan and Malaysia have strong business relationship since 1970 when Pakistan imported palm oil from Malaysia for the first time.
Published 14 Feb, 2019 12:00am
Karandaaz Pakistan appoints Salim Raza on BoDs

Karandaaz Pakistan appoints Salim Raza on BoDs

Karandaaz Pakistan announced the appointment of ex-Governor State Bank of Pakistan Salim Raza on its Board of Directors. Salim Raza has over 40 years of experience in the banking and financial sector. Raza held the position of the 15th Governor of the Sta
Published 14 Feb, 2019 12:00am
Senate body for making Islamabad a plastic bag-free city

Senate body for making Islamabad a plastic bag-free city

A sub-committee of the Senate Standing Committee on Climate Change Wednesday directed Ministry of Climate Change and other relevant departments to initiate efforts to make Islamabad a plastic bags free city. The meeting of the committee was held here at t
Published 14 Feb, 2019 12:00am
NAB chief allotted residence at Ministers' Enclave

NAB chief allotted residence at Ministers' Enclave

The government has allotted a residence at Ministers' Enclave to Chairman National Accountability Bureau (NAB) former Justice Javed Iqbal due to threats to his life. Sources said that intelligence agencies had earlier issued security threat alerts against
Published 14 Feb, 2019 12:00am
Official directed to speed up land acquisition for Dasu project

Official directed to speed up land acquisition for Dasu project

The Dasu project steering committee held its 13th meeting which was presided over by Minister for Water Resources Faisal Vawda chaired the meeting whereas the Chief Minister Khyber Pakhtunkhwa (KP) Mahmood Khan was the co-chair. The meeting was attended b
Published 14 Feb, 2019 12:00am
Bilawal meets US Senator

Bilawal meets US Senator

Pakistan People's Party (PPP) Chairman Bilawal Bhutto-Zardari held meeting with US Senator Sean O'Brien in Washington. The political personalities discussed US-Pakistan bilateral relations and other matters. The PPP Chairman gifted the US Senator a popula
Published 14 Feb, 2019 12:00am
BCC PIMS: Doctors' cruel attitude causes death of Dr Adnan

BCC PIMS: Doctors' cruel attitude causes death of Dr Adnan

Non-professional attitude on the part of doctors and absence of portable dialysis machine at Burn Care Centre (BCC), Pakistan Institute of Medical Sciences (PIMS), resulted in death of Dr Adnan, as the doctors failed to give timely treatment to no other t
Published 14 Feb, 2019 12:00am
mbs visit to start new era of economic prosperity: BMP chief
Currency

mbs visit to start new era of economic prosperity: BMP chief

Chairman Businessmen Panel (BMP) Mian Anjum Nisar has said that Saudi Arabia Crown Prince Mohammed bin Salman visit to Pakistan on 16th February helps to start a new era of economic prosperity in the country and it is expected that around $20 billion inve
Published 14 Feb, 2019 12:00am
Murad warns against giving linguistic colour to Ranjhani's murder

Murad warns against giving linguistic colour to Ranjhani's murder

Sindh Chief Minister Syed Murad Ali Shah has said that some unscrupulous elements are trying to give linguistic colour to the murder of Irshad Ranjhani, as a matter of fact it was a murder of a human being and has been handled as per law of the land.
Published 14 Feb, 2019 12:00am
Minister to inaugurate Marhaba breeder farm on February 18

Minister to inaugurate Marhaba breeder farm on February 18

"Marhaba Protein Farms," a private sector company, is investing Rs 350 million for the establishment of a breeder farm and hatchery at Dhabeji, said CEO Sindh Enterprise Development Fund (SEDF). This project would be inaugurated by provincial minister for
Published 14 Feb, 2019 12:00am
100 wheelchairs distributed to disable persons

100 wheelchairs distributed to disable persons

NOWPDP and Doctors World Wide (DWW) distributed 100 wheelchairs to disable persons from across the country. The wheelchair distribution ceremony held at the NOWPDP House, which was attended by Chief Secretary Sindh Mumtaz Ali Shah, Special Assistant to th
Published 14 Feb, 2019 12:00am
Three labourers shot dead in Larkana

Three labourers shot dead in Larkana

At least three people were shot dead in Larkana on Wednesday, however, motive of the killing is not yet known. Police said all the slain persons were labourers by profession and hailed from Bajaur Agency. The cops have registered a case against two unknow
Published 14 Feb, 2019 12:00am
PTCL collaborates with Careem to offer discounts

PTCL collaborates with Careem to offer discounts

Pakistan Telecommunication Company Limited (PTCL) collaborates with Careem to offer discounts on rides for its customers across Pakistan. PTCL customers will get up to 100% credit back (up to Rs250) on their first ride with Careem. Those customers, who ar
Published 14 Feb, 2019 12:00am
PTI's government responsible for economic crisis: aide CM

PTI's government responsible for economic crisis: aide CM

Adviser to Chief Minister Sindh for Information, Law and Anti-Corruption Barrister Murtaza Wahab has said that incompetent government of Pakistan Tehreek Insaf (PTI) was responsible for economic crisis in the country.
Published 14 Feb, 2019 12:00am
Trudeau government in crisis after Canada minister's resignation

Trudeau government in crisis after Canada minister's resignation

A Canadian minister's sudden resignation on Tuesday turned vague allegations of interference in the criminal prosecution of an engineering giant into a deepening political crisis for Prime Minister Justin Trudeau's Liberals.
Published 14 Feb, 2019 12:00am
French court orders Google to remove 'abusive' clauses

French court orders Google to remove 'abusive' clauses

A French court has ordered Google to remove "abusive" clauses from the service conditions it requires consumers to accept to the internet giant's services, a consumer group said Wednesday. The group UFC-Que Choisir, which has waged a five-year legal battl
Published 14 Feb, 2019 12:00am
Britain will 'do what it takes' to beat IS: minister

Britain will 'do what it takes' to beat IS: minister

Britain is ready to do "all that is required" to neutralise the threat from the Islamic State group, defence minister Gavin Williamson said Wednesday, after the US suggested creating a new international mission in northeast Syria.
Published 14 Feb, 2019 12:00am
Meghan 'vilified' by press like Diana: Clooney

Meghan 'vilified' by press like Diana: Clooney

Meghan Markle is being 'vilified and chased' by the tabloid press in the same way the late princess Diana was, Hollywood superstar George Clooney has told an Australian magazine.
Published 14 Feb, 2019 12:00am
BoP holds Umrah balloting

BoP holds Umrah balloting

In order to provide opportunity to clerical/non-clerical staff of the Bank to perform Umrah, balloting was held at Head Office of The Bank of Punjab on February 13th, 2019 for selecting successful staff members for performing Umrah attended by Dr Pervez T
Published 14 Feb, 2019 12:00am
Illicit cigarette trade causing Rs 40 billion loss annually

Illicit cigarette trade causing Rs 40 billion loss annually

Around 87 million illicit cigarettes are consumed every day in Pakistan, which are sold way below the printed pack price, which tantamount to discounting and gross violation of Ministry of Health (MoH) laws apart from causing loss of Rs 35-40 billion to t
Published 14 Feb, 2019 12:00am
SHOs directed to be in police stations for at least two hours

SHOs directed to be in police stations for at least two hours

With an aim to bridge the gaps between police and public, Punjab Inspector General of Police (IGP) Amjad Javed Saleemi has strictly directed his subordinates to ensure the presence of Station House Officers (SHOs) in their respective police stations for a
Published 14 Feb, 2019 12:00am
Nepal invites Pakistan businessmen for 'Investment Summit'

Nepal invites Pakistan businessmen for 'Investment Summit'

Ambassador of Nepal Sewa Lamsal Adhikari has invited Pakistani businessmen to participate in the 'Investment Summit' being held at Nepal in March to explore untapped business opportunities there. Speaking at the Lahore Chamber of Commerce & Industry (LCCI
Published 14 Feb, 2019 12:00am
FPCCI appoints Rizwan as convener body on 'Textile Dyeing & Printing'

FPCCI appoints Rizwan as convener body on 'Textile Dyeing & Printing'

Engr Rizwan Ashraf has been appointed as convener of Federation of Pakistan Chambers of Commerce & Industry (FPCCI) central standing committee on "Textile Dyeing & Printing" for 2019 by the President of the FPCCI. Engr Rizwan Ashraf is serving as Chairman
Published 14 Feb, 2019 12:00am
Spring tree plantation begins in Punjab

Spring tree plantation begins in Punjab

Under the 'Plant for Pakistan Campaign', Punjab Chief Secretary Yousaf Naseem Khokhar on Wednesday planted a sapling in Jallo Park to start spring tree plantation in the province. During the three-month plantation campaign, about 12 million saplings would
Published 14 Feb, 2019 12:00am
PRGMEA ready to enhance working conditions: chairman

PRGMEA ready to enhance working conditions: chairman

Pakistan Readymade Garments Manufacturers and Exporters Association, already working with several international organizations, including International Labour Organization (ILO) to protect the rights of garment workers, has shown its commitment for open di
Published 14 Feb, 2019 12:00am
300,000 children diagnosed with cancer globally

300,000 children diagnosed with cancer globally

With 300,000 children diagnosed with cancer around the world, the International Childhood Cancer Day (ICCD) is being celebrated here like other parts of the world on Friday (February 15) focusing on "No More Pain and No More Loss" for children with cancer
Published 14 Feb, 2019 12:00am
Biafo Industries Limited
Mutual Funds

Biafo Industries Limited

Biafo Industries Limited is engaged in the production and sale of commercial explosives and blasting accessories including detonators and other materials. The company produces Tovex Water Gel (TWG) explosive at its plant in the Hattar Industrial Estate in
Published 14 Feb, 2019 12:00am
Biafo Industries Limited
Mutual Funds

Biafo Industries Limited

Biafo Industries Limited is engaged in the production and sale of commercial explosives and blasting accessories including detonators and other materials. The company produces Tovex Water Gel (TWG) explosive at its plant in the Hattar Industrial Estate in
Updated 14 Feb, 2019 05:32am
Only ICMAP paying 'meeting attendance fee': ICAP members

Only ICMAP paying 'meeting attendance fee': ICAP members

No accountant body in Pakistan is paying "meeting attendance fee" to nominated members by Ministry of Finance except Institute of Cost and Management Accountants of Pakistan (ICMAP), said Ali Latif, member Institute of Chartered Accountants of Pakistan (I
Published 14 Feb, 2019 12:00am
3,723 violators held under anti-kite flying drive

3,723 violators held under anti-kite flying drive

Anti-kite flying drive is being pursued vigorously by the government across the province. During this campaign initiated from February 1 till February 12, as far as 3,390 cases were registered in different districts of Punjab against the violators of kite
Published 14 Feb, 2019 12:00am
PSMA urges PM to save sugar industry from exploitation

PSMA urges PM to save sugar industry from exploitation

The Pakistan Sugar Mills Association (PSMA) Punjab chapter has appealed Prime Minister Imran Khan and Chief Minister Punjab Usman Buzdar to take special interest for saving the sugar industry from exploitation at the hands of provincial machinery.
Published 14 Feb, 2019 12:00am
US MIDDAY: gold surges

US MIDDAY: gold surges

Gold prices rose to hit a peak in more than a week on Wednesday on signs that the US Federal Reserve will likely be patient on further interest rate rises, but rallying global equities kept the metal's gains in check. Spot gold was up 0.1 percent at $1,31
Published 14 Feb, 2019 12:00am
US MIDDAY: wheat up, soya eases

US MIDDAY: wheat up, soya eases

US wheat futures advanced on Wednesday for a fourth straight session as a pickup in export activity and firm cash markets spurred commodity fund buying, traders said. Corn was little changed and soyabeans eased as traders waited to see if US-China trade t
Published 14 Feb, 2019 12:00am
Gold gains in Europe

Gold gains in Europe

Gold prices rose on Wednesday on more signs the US Federal Reserve will likely be patient on further interest rate rises, but rallying global equities kept the metal's gains in check. Spot gold was up 0.2 percent at $1,313.31 per ounce as of 11:19 am EST
Published 14 Feb, 2019 12:00am
Gold rises in Asia

Gold rises in Asia

Gold prices inched up on Wednesday, supported by a weaker dollar on hopes of a deal between the United States and China over a long-drawn trade war, but improved risk appetite capped bullion's gains. Spot gold was up 0.1 percent to $1,312.36 per ounce, as
Published 14 Feb, 2019 12:00am
Gold moves higher in New York

Gold moves higher in New York

Gold prices edged higher in New York close on Tuesday, buoyed by a slight retreat in the US dollar amid optimism about a potential resolution of the US-China trade conflict. Spot gold was up 0.2 percent at $1,310.95 an ounce at 1:48 p.m. EST (1848 GMT), h
Published 14 Feb, 2019 12:00am
Arabica coffee falls to nearly two-month low
Currency

Arabica coffee falls to nearly two-month low

Arabica coffee futures on ICE slipped on Wednesday, as a weaker currency in top-grower Brazil dragged the spot contract to its lowest levels in nearly two months, while raw sugar also fell. March arabica coffee settled down 1.55 cent, or 1.5 percent, at 9
Published 14 Feb, 2019 12:00am
Palm oil lower for fourth day
Vegetable Oil

Palm oil lower for fourth day

Malaysian palm oil futures closed lower on Wednesday for a fourth consecutive session on back of weaker US soyaoil, reversing gains notched up earlier in the day. The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchang
Published 14 Feb, 2019 12:00am
Tokyo rubber up as Shanghai gains

Tokyo rubber up as Shanghai gains

Benchmark Tokyo rubber futures rose on Wednesday, tracking strong Shanghai, as pro-car consumption policies in China supported prices. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for rubber prices in Southeast Asia, were still under press
Published 14 Feb, 2019 12:00am
Oil gains on Saudi output cuts; rally limited by US output

Oil gains on Saudi output cuts; rally limited by US output

Oil prices rose 2 percent on Wednesday after top exporter Saudi Arabia said it would cut crude exports and deliver an even deeper cut to its production, but swelling US crude inventories led the market to pare gains. US crude oil inventories rose last wee
Published 14 Feb, 2019 12:00am
Copper inches higher as trade tensions ease

Copper inches higher as trade tensions ease

Copper rose from a two-week low on Wednesday due to signs of an easing in tensions in the US-China trade conflict, but a lack of a firm resolution kept a lid on the tepid gains. Three-month copper on the London Metal Exchange (LME) ended 0.3 percent highe
Published 14 Feb, 2019 12:00am
Cotton marks first gain in five days on trade optimism
Cotton

Cotton marks first gain in five days on trade optimism

ICE cotton futures settled slightly higher on Wednesday, snapping a four-day losing streak on prospects of a trade deal between the United States and China. The most active cotton contract on ICE Futures US, the March contract, settled up 0.08 cent, or 0.
Published 14 Feb, 2019 12:00am
Tokyo stocks climb

Tokyo stocks climb

Tokyo's Nikkei index closed at a two-month high on Wednesday, tracking gains on Wall Street as fears about a US-China trade war and another US government shutdown eased. The benchmark Nikkei 225 index rose 1.34 percent, or 280.27 points, to 21,144.48, mar
Published 14 Feb, 2019 12:00am
Fauji Foods partners with Karachi Kings

Fauji Foods partners with Karachi Kings

Fauji Foods Limited, the renowned food and beverage company of Pakistan, is bringing a wholesome boost to the 4th edition of Pakistan Super League (PSL) by partnering with Karachi Kings. PSL 2019 is scheduled to be played from February 14, 2019 with a tot
Published 14 Feb, 2019 12:00am
Pebble Breakers shine in Hamdan Polo

Pebble Breakers shine in Hamdan Polo

Pebble Breakers overcame spirited Olympia by 8-6 1/2 in the Hamdan Polo Cup 2019 match played here at Lahore Polo Club ground on Wednesday. Hamza Mawaz Khan was hero of the day as he struck a quartet for the winning side while Juan Cruz Losada banged in a
Published 14 Feb, 2019 12:00am
Global unemployment down, but too many working poor: UN

Global unemployment down, but too many working poor: UN

The global unemployment rate inched down last year, the UN said Wednesday, warning though that jobs often failed to guarantee decent living, with some 700 million workers wallowing in poverty. Unemployment around the world fell last year to 5.0 percent -
Published 14 Feb, 2019 12:00am
Renault board blocks payouts to Ghosn worth 10 million euros

Renault board blocks payouts to Ghosn worth 10 million euros

Renault said Wednesday that its board has decided not to pay out the equivalent of two years of salary to ex-CEO Carlos Ghosn which would have been due to him under a non-compete clause in his contract. After a meeting on Wednesday, the board also said th
Published 14 Feb, 2019 12:00am
Lower gasoline prices restrain US consumer inflation

Lower gasoline prices restrain US consumer inflation

US consumer prices were unchanged for a third straight month in January, leading to the smallest annual increase in inflation in more than 1-1/2 years, which could allow the Federal Reserve to hold interest rates steady for a while.
Published 14 Feb, 2019 12:00am
Ford recalls 1.5 million F-150 pickups

Ford recalls 1.5 million F-150 pickups

Ford announced Wednesday it is recalling 1.5 million of its best-selling F-150 pickup trucks due to a glitch in its transmission system that can lead to accidents. The defect is present on some 2011 models of the truck with six-speed automatic transmissio
Published 14 Feb, 2019 12:00am
Cyber attack on Malta's Bank of Valletta

Cyber attack on Malta's Bank of Valletta

Malta's largest bank was the target of a cyber attack Wednesday, with hackers attempting to withdraw 13 million euros ($14.7 million), Prime Minister Joseph Muscat said. The Bank of Valletta, in which the government is the largest shareholder, shut down i
Published 14 Feb, 2019 12:00am
UK inflation falls to two-year low

UK inflation falls to two-year low

British inflation fell to a two-year low in January, dipping below the Bank of England's target and offering some relief to consumers who have tightened their belts ahead of Brexit. Consumer prices rose at an annual rate of 1.8 percent, down from December
Published 14 Feb, 2019 12:00am
EU moves ahead with Russia gas pipeline despite US opposition

EU moves ahead with Russia gas pipeline despite US opposition

The European Union pushed ahead Wednesday with an agreement that will allow Russia to continue to build a new gas pipeline to Europe, despite US warnings it posed a security risk. The EU's revised gas directive aims to establish common gas market rules fo
Published 14 Feb, 2019 12:00am
Strike brings Belgium to standstill

Strike brings Belgium to standstill

Belgium slowed to a standstill on Wednesday as a national strike closed airports, shuttered businesses and caused major disruption to railways. The strike, called by three unions, severely disrupted the country's public transport, particularly in Brussels
Published 14 Feb, 2019 12:00am
Thousands protest against job losses in South Africa

Thousands protest against job losses in South Africa

Thousands of South African workers staged nationwide demonstrations on Wednesday to protest against high unemployment and government policies they say have failed to create jobs and are deepening poverty. Workers dressed in red t-shirts, showing their loy
Published 14 Feb, 2019 12:00am
Cyprus tightens passport-for-investment scheme after EU report

Cyprus tightens passport-for-investment scheme after EU report

Cyprus on Wednesday tightened its lucrative citizenship-for-investment scheme to make it more "trustworthy" after the European Commission said it could help organised crime gangs infiltrate the bloc. The cabinet approved a series of tighter checks to make
Published 14 Feb, 2019 12:00am
October 'opportune time' for Japan to raise sales tax: Moody's

October 'opportune time' for Japan to raise sales tax: Moody's

October is still an "opportune time" for Japan to raise its sales tax as risks posed by global trade tensions are likely to be temporary, an official at ratings agency Moody's Investors Service said on Wednesday. Christian de Guzman, a vice president of s
Published 14 Feb, 2019 12:00am
South Korea jobless rate jumps to nine-year peak

South Korea jobless rate jumps to nine-year peak

South Korea's unemployment rate jumped to a nine-year high in January as more people shunned low-paying work in the face of rising minimum wages, putting further pressure on the economy and deepening policy frustrations for President Moon Jae-in.
Published 14 Feb, 2019 12:00am
Hopes of potential Brexit delay takes UK shares to four-month high

Hopes of potential Brexit delay takes UK shares to four-month high

Britain's FTSE 100 climbed to its highest in over four months on Wednesday as miners gained and upbeat earnings lifted packaging firms DS Smith and Smurfit Kappa, while reports Brexit could be delayed eased some fears of a disruptive no-deal exit. The FTS
Published 14 Feb, 2019 12:00am
Southeast Asian markets: Singapore at over four-month high

Southeast Asian markets: Singapore at over four-month high

Singapore stocks closed at a more than 4-month high on Wednesday, leading the gains in Southeast Asia after US President Donald Trump said he could relax the China trade deal deadline, while Philippines fell for the fourth straight day. Trump said on Tues
Published 14 Feb, 2019 12:00am
European shares rise as earnings growth expectations stabilize

European shares rise as earnings growth expectations stabilize

European shares rose on Wednesday as optimism about trade talks lifted global markets and data showed earnings growth forecasts for Europe were stabilising after steep downward revisions. The pan-European STOXX 600 index was up 0.6 percent, rising for the
Published 14 Feb, 2019 12:00am
Currency notes: exchange rates
Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Wednesday (February 13, 2019).

Published 14 Feb, 2019 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (February 13, 2019).

Published 14 Feb, 2019 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 14 Feb, 2019 12:00am
State Bank of Pakistan conversion rates
Currency

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 14 Feb, 2019 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 14 Feb, 2019 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 14 Feb, 2019 12:00am
Treasury yields up

Treasury yields up

US Treasury yields rose on Tuesday after lawmakers reached a tentative pact to avert another government shutdown, and as investors focused on inflation data expected on Wednesday for further signals about interest rate policy. The agreement in principle t
Published 14 Feb, 2019 12:00am
Treasury yields up

Treasury yields up

US Treasury yields rose on Tuesday after lawmakers reached a tentative pact to avert another government shutdown, and as investors focused on inflation data expected on Wednesday for further signals about interest rate policy. The agreement in principle t
Published 14 Feb, 2019 12:00am
Indian shares lower

Indian shares lower

Indian shares wiped off early gains to end lower in a topsy-turvy trade on Wednesday, dragged by oil marketers, a day after the retail inflation came below the Reserve Bank of India's target for a sixth straight month. Annual retail inflation in January r
Published 14 Feb, 2019 12:00am
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