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%)
Print - 2019-02-18
Indian broadcaster pulls out of PSL

Indian broadcaster pulls out of PSL

Indian broadcaster IMG Reliance has withdrawn from its contract to produce coverage of the Pakistan Twenty20 league following the deadly occupied Kashmir attack last week, the Pakistan Cricket Board (PCB) announced on Sunday.
Published 18 Feb, 2019 12:00am
MBS all praise for IK; says KSA making $20 billion investment

MBS all praise for IK; says KSA making $20 billion investment

Saudi Crown Prince Mohammad bin Salman said that Saudi Arabia is making a $20 billion investment in Pakistan in the first phase which will be increased every month. Speaking at the reception hosted in his honour by Prime Minister Imran Khan after the sign
Published 18 Feb, 2019 12:00am
MBS all praise for IK; says KSA making $20 billion investment

MBS all praise for IK; says KSA making $20 billion investment

Saudi Crown Prince Mohammad bin Salman said that Saudi Arabia is making a $20 billion investment in Pakistan in the first phase which will be increased every month. Speaking at the reception hosted in his honour by Prime Minister Imran Khan after the sign
Published 18 Feb, 2019 12:00am
THE RUPEE: marginal changes
Currency

THE RUPEE: marginal changes

The rupee fell slightly against the dollar on the money market during the week, ended on February 16, 2019. The rupee almost held the present levels versus the dollar for buying and selling at Rs 138.90 and Rs 138.92.
Published 18 Feb, 2019 12:00am
THE RUPEE: marginal changes
Currency

THE RUPEE: marginal changes

The rupee fell slightly against the dollar on the money market during the week, ended on February 16, 2019. The rupee almost held the present levels versus the dollar for buying and selling at Rs 138.90 and Rs 138.92.
Published 18 Feb, 2019 12:00am
Seven MoUs, agreements signed

Seven MoUs, agreements signed

Saudi Crown Prince Mohammad bin Salman arrived here on a two-day state visit on Sunday, as the two countries singed seven MoUs/agreements/executive programmes for Saudi invvestment in different sectors Upon his arrival at Noor Khan Air Base, the Crown Pri
Published 18 Feb, 2019 12:00am
Seven MoUs, agreements signed

Seven MoUs, agreements signed

Saudi Crown Prince Mohammad bin Salman arrived here on a two-day state visit on Sunday, as the two countries singed seven MoUs/agreements/executive programmes for Saudi invvestment in different sectors Upon his arrival at Noor Khan Air Base, the Crown Pri
Published 18 Feb, 2019 12:00am
Seven MoUs, agreements signed

Seven MoUs, agreements signed

Saudi Crown Prince Mohammad bin Salman arrived here on a two-day state visit on Sunday, as the two countries singed seven MoUs/agreements/executive programmes for Saudi invvestment in different sectors Upon his arrival at Noor Khan Air Base, the Crown Pri
Published 18 Feb, 2019 12:00am
Saudi company to invest $4 billion in power sector

Saudi company to invest $4 billion in power sector

Saudi Power Company, ACWA Power, has expressed the intention to make up to $4 billion investment in Pakistan power sector, especially in renewable energy. This was stated by the Chairman ACWA Power during a meeting with Pakistani ministers of Finance and
Published 18 Feb, 2019 12:00am
Saudi company to invest $4 billion in power sector

Saudi company to invest $4 billion in power sector

Saudi Power Company, ACWA Power, has expressed the intention to make up to $4 billion investment in Pakistan power sector, especially in renewable energy. This was stated by the Chairman ACWA Power during a meeting with Pakistani ministers of Finance and
Published 18 Feb, 2019 12:00am
Saudi company to invest $4 billion in power sector

Saudi company to invest $4 billion in power sector

Saudi Power Company, ACWA Power, has expressed the intention to make up to $4 billion investment in Pakistan power sector, especially in renewable energy. This was stated by the Chairman ACWA Power during a meeting with Pakistani ministers of Finance and
Published 18 Feb, 2019 12:00am
Umar, Saudi energy minister discuss projects

Umar, Saudi energy minister discuss projects

Finance Minister Asad Umar on Sunday held a meeting with Saudi Minister for energy, industries and minerals Khalid Al-Falih. In a brief statement issued after the meeting, the minister stated that "just completed meeting with Saudi minister for energy, in
Published 18 Feb, 2019 12:00am
Umar, Saudi energy minister discuss projects

Umar, Saudi energy minister discuss projects

Finance Minister Asad Umar on Sunday held a meeting with Saudi Minister for energy, industries and minerals Khalid Al-Falih. In a brief statement issued after the meeting, the minister stated that "just completed meeting with Saudi minister for energy, in
Published 18 Feb, 2019 12:00am
Umar, Saudi energy minister discuss projects

Umar, Saudi energy minister discuss projects

Finance Minister Asad Umar on Sunday held a meeting with Saudi Minister for energy, industries and minerals Khalid Al-Falih. In a brief statement issued after the meeting, the minister stated that "just completed meeting with Saudi minister for energy, in
Published 18 Feb, 2019 12:00am
Index closes in red zone

Index closes in red zone

Pakistan Stock Exchange witnessed bearish trend during the outgoing week ended on February 15, 2019 due to selling in various sectors. BRIndex100 lost 31.66 points on week-on-week basis to close at 4,319.78 points. Average daily volumes stood at 122.743 m
Published 18 Feb, 2019 12:00am
Index closes in red zone

Index closes in red zone

Pakistan Stock Exchange witnessed bearish trend during the outgoing week ended on February 15, 2019 due to selling in various sectors. BRIndex100 lost 31.66 points on week-on-week basis to close at 4,319.78 points. Average daily volumes stood at 122.743 m
Published 18 Feb, 2019 12:00am
Index closes in red zone

Index closes in red zone

Pakistan Stock Exchange witnessed bearish trend during the outgoing week ended on February 15, 2019 due to selling in various sectors. BRIndex100 lost 31.66 points on week-on-week basis to close at 4,319.78 points. Average daily volumes stood at 122.743 m
Published 18 Feb, 2019 12:00am
Futures spread up by 299 basis points

Futures spread up by 299 basis points

The futures spread increased by 299bps to 12.27 percent on the last day of the outgoing week. Trading activities on the futures counter remained low as average daily volumes decreased by 11.6 percent to 43.66 million shares. Average daily trading value de
Published 18 Feb, 2019 12:00am
Futures spread up by 299 basis points

Futures spread up by 299 basis points

The futures spread increased by 299bps to 12.27 percent on the last day of the outgoing week. Trading activities on the futures counter remained low as average daily volumes decreased by 11.6 percent to 43.66 million shares. Average daily trading value de
Published 18 Feb, 2019 12:00am
Sindh government orders action against protesting doctors

Sindh government orders action against protesting doctors

Amid reports of children's death owing to young doctors' boycott of out-patient departments (OPDs) at government-run hospitals in the metropolis and other cities of Sindh, the provincial government has decided to launch an action against the striking doct
Published 18 Feb, 2019 12:00am
Netanyahu gives up role as Israel's foreign minister

Netanyahu gives up role as Israel's foreign minister

Israel's Prime Minister Benjamin Netanyahu on Sunday handed over his role as foreign minister to intelligence minister Israel Katz, giving up the portfolio he has held since 2015. Netanyahu's decision to appoint Katz as acting foreign minister came after
Published 18 Feb, 2019 12:00am
China surveillance firm tracking millions in Xinjiang

China surveillance firm tracking millions in Xinjiang

A Chinese surveillance firm is tracking the movements of more than 2.5 million people in the far-western Xinjiang region, according to a data leak flagged by a Dutch internet expert. An online database containing names, ID card numbers, birth dates and lo
Published 18 Feb, 2019 12:00am
Bernie Sanders recorded presidential campaign video

Bernie Sanders recorded presidential campaign video

US Senator Bernie Sanders has recorded a video announcing a 2020 run for president, Politico reported Saturday, an indication that he plans to enter the already crowded field of candidates. But it still remains unclear when or if the video will be release
Published 18 Feb, 2019 12:00am
Former Qadhafi official freed for 'health reasons'

Former Qadhafi official freed for 'health reasons'

A former official of ousted Libyan leader Muammar Qadhafi's regime sentenced to death in 2015 was released Sunday for "health reasons", his family said. Abuzeid Dorda, 74, had been serving as head of foreign intelligence when a NATO-backed uprising in 201
Published 18 Feb, 2019 12:00am
Watchdog deplores Libya's 'almost impossible' media environment

Watchdog deplores Libya's 'almost impossible' media environment

Working as a journalist in Libya has become nearly "impossible" as lawlessness and impunity has brought hostility to journalists to new heights, Reporters Without Borders said Sunday. "The situation of freedom of information is dramatic," the global press
Published 18 Feb, 2019 12:00am
Stockholm recalls ambassador to Guatemala

Stockholm recalls ambassador to Guatemala

Sweden said Sunday it had recalled its ambassador to Guatemala for consultations, citing the "political situation in the country and bilateral relations" Foreign Minister Margot Wallstrom said. Relations plunged last May when Guatemala gave ambassador And
Published 18 Feb, 2019 12:00am
India ends police protection for IoK leaders

India ends police protection for IoK leaders

Indian authorities withdrew police protection for five Kashmiri leaders in occupied Kashmir on Sunday amid mounting fallout from a suicide bombing that killed 41 soldiers in the disputed region. Indian officials said police protection had been withdrawn f
Published 18 Feb, 2019 12:00am
India ends police protection for IoK leaders

India ends police protection for IoK leaders

Indian authorities withdrew police protection for five Kashmiri leaders in occupied Kashmir on Sunday amid mounting fallout from a suicide bombing that killed 41 soldiers in the disputed region. Indian officials said police protection had been withdrawn f
Published 18 Feb, 2019 12:00am
Four FC men martyred in Panjgur

Four FC men martyred in Panjgur

At least four security personnel have been martyred in a firing incident in Goran area of district Panjur on Sunday. The incident took place when security personnel deployed in the Goran area of Panjgur were on the routine patrol. Unidentified armed assai
Published 18 Feb, 2019 12:00am
Four FC men martyred in Panjgur

Four FC men martyred in Panjgur

At least four security personnel have been martyred in a firing incident in Goran area of district Panjur on Sunday. The incident took place when security personnel deployed in the Goran area of Panjgur were on the routine patrol. Unidentified armed assai
Published 18 Feb, 2019 12:00am
Borrowing from SBP reaches historic high

Borrowing from SBP reaches historic high

The Khan administration's borrowing from the State Bank of Pakistan has reached a historic high - Rs 3.8 trillion during the last five months while previously no government had exceeded Rs 3.4 trillion. Informed sources told Business Recorder that
Published 18 Feb, 2019 12:00am
Borrowing from SBP reaches historic high

Borrowing from SBP reaches historic high

The Khan administration's borrowing from the State Bank of Pakistan has reached a historic high - Rs 3.8 trillion during the last five months while previously no government had exceeded Rs 3.4 trillion. Informed sources told Business Recorder that
Published 18 Feb, 2019 12:00am
Borrowing from SBP reaches historic high

Borrowing from SBP reaches historic high

The Khan administration''s borrowing from the State Bank of Pakistan has reached a historic high - Rs 3.8 trillion during the last five months while previously no government had exceeded Rs 3.4 trillion. Informed sources told Business Recorder that
Published 18 Feb, 2019 12:00am
Legalisation of mobile phones: baggage allowance facility being misused

Legalisation of mobile phones: baggage allowance facility being misused

The Federal Board of Revenue (FBR) and Pakistan Telecommunication Authority (PTA) should investigate any possibility of misuse of facility available to incoming international passengers for legalization of mobile phones under admissible baggage allowance.
Published 18 Feb, 2019 12:00am
Legalisation of mobile phones: baggage allowance facility being misused

Legalisation of mobile phones: baggage allowance facility being misused

The Federal Board of Revenue (FBR) and Pakistan Telecommunication Authority (PTA) should investigate any possibility of misuse of facility available to incoming international passengers for legalization of mobile phones under admissible baggage allowance.
Published 18 Feb, 2019 12:00am
Legalisation of mobile phones: baggage allowance facility being misused

Legalisation of mobile phones: baggage allowance facility being misused

The Federal Board of Revenue (FBR) and Pakistan Telecommunication Authority (PTA) should investigate any possibility of misuse of facility available to incoming international passengers for legalization of mobile phones under admissible baggage allowance.
Published 18 Feb, 2019 12:00am
Taliban meeting with US officials postponed

Taliban meeting with US officials postponed

Afghan Taliban announced on Sunday that their scheduled meeting with representatives of United States in Islamabad today (Monday) got postponed. The announcement comes on the same day Saudi Crown Prince Mohammad bin Salman arrived on a two days state visi
Published 18 Feb, 2019 12:00am
Taliban meeting with US officials postponed

Taliban meeting with US officials postponed

Afghan Taliban announced on Sunday that their scheduled meeting with representatives of United States in Islamabad today (Monday) got postponed. The announcement comes on the same day Saudi Crown Prince Mohammad bin Salman arrived on a two days state visi
Published 18 Feb, 2019 12:00am
FATF, UN conditions: 'Order' approved for provinces

FATF, UN conditions: 'Order' approved for provinces

The federal government has reportedly approved an "order" for the provinces about freezing/seizure of assets of entities or individuals in line with United Nations (UN) and Financial Action Task Force (FATF) as the latter had expressed concern over the la
Published 18 Feb, 2019 12:00am
FATF, UN conditions: 'Order' approved for provinces

FATF, UN conditions: 'Order' approved for provinces

The federal government has reportedly approved an "order" for the provinces about freezing/seizure of assets of entities or individuals in line with United Nations (UN) and Financial Action Task Force (FATF) as the latter had expressed concern over the la
Published 18 Feb, 2019 12:00am
FATF, UN conditions: ''Order'' approved for provinces

FATF, UN conditions: ''Order'' approved for provinces

The federal government has reportedly approved an "order" for the provinces about freezing/seizure of assets of entities or individuals in line with United Nations (UN) and Financial Action Task Force (FATF) as the latter had expressed concern over the la
Published 18 Feb, 2019 12:00am
FATF, UN conditions: ''''Order'''' approved for provinces

FATF, UN conditions: ''''Order'''' approved for provinces

The federal government has reportedly approved an "order" for the provinces about freezing/seizure of assets of entities or individuals in line with United Nations (UN) and Financial Action Task Force (FATF) as the latter had expressed concern over the la
Published 18 Feb, 2019 12:00am
Top US official discussed Trump removal in 2017: ex-FBI chief

Top US official discussed Trump removal in 2017: ex-FBI chief

The US deputy attorney general discussed how many cabinet members would support removing US President Donald Trump from office in 2017, the FBI's former acting director said in an interview airing Sunday. Andrew McCabe said invoking the 25th Amendment of
Published 18 Feb, 2019 12:00am
Top US official discussed Trump removal in 2017: ex-FBI chief

Top US official discussed Trump removal in 2017: ex-FBI chief

The US deputy attorney general discussed how many cabinet members would support removing US President Donald Trump from office in 2017, the FBI's former acting director said in an interview airing Sunday. Andrew McCabe said invoking the 25th Amendment of
Published 18 Feb, 2019 12:00am
The government expenditure

The government expenditure

Prime Minister Imran Khan speaking after inaugurating the Pakistan Railways Live Tracking System and Thal Express accused the previous two administrations of being responsible for the country paying 6 billion rupees daily as interest on loans procured. He
Updated 11 Mar, 2019 07:18am
Hazara province bill

Hazara province bill

Two weeks after moving a bill to carve out two new provinces out of Punjab, the opposition Pakistan Muslim League-Nawaz (PML-N) has now submitted another bill to create a Hazara province out of Khyber Pakhtunkhwa (KP). As justification for this latest mov
Updated 11 Mar, 2019 07:17am
The IMF conundrum

The IMF conundrum

Prime Minister Imran Khan met with Christine Lagarde, the Managing Director (MD) of the International Monetary Fund (IMF), on 10 February on the sidelines of the seventh World Government Summit held in Dubai followed by the Federal Foreign Minister Shah M
Updated 19 Feb, 2019 07:54am
Purpose of parliament

Purpose of parliament

Parliament is supreme. It should be, but is it? This is a question that is debated endlessly. Answers to this question depend on who is replying. Parliamentarians blame many forces. The parliamentarians on treasury benches blame the opposition and the opp
Published 18 Feb, 2019 12:00am
US millennials a popular but elusive target for brands

US millennials a popular but elusive target for brands

American millennials - the generation of people aged 17-35 - are a popular target for advertisers and brands, but companies risk missing out by approaching them as one homogenous population. From Gillette razors to McDonald's and American Express, every m
Published 18 Feb, 2019 12:00am
Wealth creation is good

Wealth creation is good

This is apropos a Business Recorder op-ed "Incentivizing local investors" carried by the newspaper yesterday. The writer, Ali Khizar, has raised an important point in relation to wealth creation and wealth accumulation. He has argued, for example,
Published 18 Feb, 2019 12:00am
ICJ to begin four-day hearing of Jadhav case today

ICJ to begin four-day hearing of Jadhav case today

Pakistan and India are set to fight their legal battle in Kulbhushan Jadhav case as the International Court of Justice (ICJ) begins its four-day public hearing on Monday at The Hague, Netherlands. ICJ-the principal judicial organ of the United Nations-is
Published 18 Feb, 2019 12:00am
Tribal districts projects: KP government fails to release ADP funds

Tribal districts projects: KP government fails to release ADP funds

The Annual Development Plan (ADP) for erstwhile Federal Administration Tribal Areas (Fata) for the fiscal year of 2018-19 may lapse due to delay in issuing of the remaining two quarters, it was learnt. As per the allocated grant for the fiscal period 2018
Published 18 Feb, 2019 12:00am
Goods transporters threaten wheel-jam strike against bribe

Goods transporters threaten wheel-jam strike against bribe

Goods transport owners have announced to observe wheel-jam strike for indefinite period if the government fails to take action against the Khasadar Force personnel at Torkham border who force them for bribe. They alleged that the personnel ob both sides o
Published 18 Feb, 2019 12:00am
Exports to increase further in future, hopes Dawood

Exports to increase further in future, hopes Dawood

Advisor to Prime Minister on Commerce Abdul Razzak Dawood has expressed the hope that there would be more growth in the country's exports in the months ahead. Talking to a news channel, he said that there was considerable compression in imports and the go
Published 18 Feb, 2019 12:00am
Eight diplomats from UN Office visit Xinjiang on Chinese invitation

Eight diplomats from UN Office visit Xinjiang on Chinese invitation

Senior diplomats from permanent missions of eight countries to the United Nations Office at Geneva including Pakistan arrived here to visit Xinjiang Uygur Autonomous Region to get first-hand information about the human-right situation there.
Published 18 Feb, 2019 12:00am
Quake jolts districts of Balochistan

Quake jolts districts of Balochistan

An earthquake of low intensity jolted various districts of Balochistan on Sunday resulting in minor property damages, no causality was reported. According to geological wing of PMD, tremours measuring 2.9 on the Richter scale were felt in Quetta, Chaghi,
Published 18 Feb, 2019 12:00am
Nawaz may be released on medical grounds?

Nawaz may be released on medical grounds?

Former prime minister Nawaz Sharif is expected to be released on bail in the Al-Azizia reference on medical grounds most probably the following week. Senior lawyers while talking to Business Recorder stated that Islamabad High Court (IHC) may grant
Published 18 Feb, 2019 12:00am
Pulwama attack: Fawad assails PML-N senator's remarks

Pulwama attack: Fawad assails PML-N senator's remarks

Federal Minister Fawad Chaudhry on Sunday took exception to opposition Senator Mushahid Hussain Syed for latter's remarks that Pakistan must set its own house in order and not allow its territory to be used against any other country. "We can bid good ridd
Published 18 Feb, 2019 12:00am
AJK PM flays India for making Kashmiris target of terrorism

AJK PM flays India for making Kashmiris target of terrorism

Azad Jammu and Kashmir (AJK) Prime Minister Raja Farooq Haider Khan Sunday strongly denounced atrocities and state-sponsored terrorism being committed by Indian occupying forces against innocent people of Jammu and Kashmir.
Published 18 Feb, 2019 12:00am
MBS reception: PPP takes exception to ignoring opposition

MBS reception: PPP takes exception to ignoring opposition

Pakistan Peoples Party (PPP) Khyber Pakhtunkhwa has taken exception to the decision of PTI government for ignoring opposition leaders to invite them to the reception to be hosted in honour of Saudi Crown Prince Mohammad Bin Salman(MBS) and described it as
Published 18 Feb, 2019 12:00am
Siraj requests MBS to withdraw Hajj transport charges

Siraj requests MBS to withdraw Hajj transport charges

Senator Sirjaul Haq has appealed to the visiting Saudi Crown Prince Muhammad Bin Salman to withdraw the increased transport charges (if any) to facilitate the pilgrims, especially from Pakistan. He was addressing a workers convention at Jhang on Sunday.
Published 18 Feb, 2019 12:00am
India's act of withdawing MFN status for Pakistan criticized

India's act of withdawing MFN status for Pakistan criticized

Secretary General (Federal) Businessmen Panel (BMP) Ahmad Jawad has slammed India for withdrawing the Most Favoured Nation (MFN) status for Pakistan, saying it will not impact on us as well on economy. On 16th February, India also made an immature attempt
Published 18 Feb, 2019 12:00am
MBS honoured guest of nation: Baloch

MBS honoured guest of nation: Baloch

Secretary General, Jamaat-e-Islami, Liaqat Baloch, has said that Saudi Crown Prince Muhammad bin Salman was the honored guest of the entire Pakistani nation and not of the government alone, and the whole nation was welcoming him with an open heart.
Published 18 Feb, 2019 12:00am
Resurfacing of polio case upsets Punjab CM

Resurfacing of polio case upsets Punjab CM

Chief Minister Punjab Sardar Usman Buzdar has expressed his displeasure over resurfacing of a polio case after a gap of two years in Punjab and seven years in Lahore. Despite being a holiday, he chaired a high level meeting regarding Anti-Polio Campaign a
Published 18 Feb, 2019 12:00am
Pakistan, Malaysian navies conduct bilateral exercise

Pakistan, Malaysian navies conduct bilateral exercise

Pakistan Navy and Royal Malaysian Navy conducted Bilateral Exercise MALPAK-II at Karachi. Royal Malaysian Navy Ships KD KASTURI and KD MAHAWANGSA had arrived Karachi on Feb 7 to participate in Multinational Exercise AMAN-19. Upon completion of the exercis
Published 18 Feb, 2019 12:00am
CM opens new Mingora bus station

CM opens new Mingora bus station

Khyber Pakhtunkhwa Chief Minister Mahmood Khan on Sunday inaugurated a new general bus stand at Mingora in district Swat. The new bus stand has been established on 40 kanal of land at the bypass with the capacity three-time higher than the existing bus st
Published 18 Feb, 2019 12:00am
Betel nuts replaced with date seeds at Site's warehouse

Betel nuts replaced with date seeds at Site's warehouse

Betel nuts worth in millions have reportedly been replaced with date seeds at State warehouse SITE by the officials of Directorate General Intelligence & Investigation (DGI&I) Customs, FBR, Karachi. This was revealed by warehouse in-charge Mehmood Akber,
Published 18 Feb, 2019 12:00am
Prices of essential items witness upward trend

Prices of essential items witness upward trend

Prices of essential food commodities, including vegetable, pulses, chicken meat, sugar and other remained high-side in the retail market, according to a survey carried out by Business Recorder here on Sunday. The survey noticed the price of chicken
Published 18 Feb, 2019 12:00am
Nonagenarian GSBYA GS dies of heart attack during police raid

Nonagenarian GSBYA GS dies of heart attack during police raid

Nonagenarian general secretary of Gaddani Ship-breaking Yard Association (GSBYA) died of cardiac arrest during a raid of police at Metroville in SITE Town. Abdul Kareem alias Babu Jan, 96, died of heart attack when police team raided his house in Iqbal ma
Published 18 Feb, 2019 12:00am
Police Training Institute

Police Training Institute

Chief Minister Punjab Sardar Usman Buzdar has accorded approval to upgrade Police Training Institute Multan to college. Consequently, the post of Principal of the training Institute has also been elevated to the post of commandant of the college in 20 gra
Published 18 Feb, 2019 12:00am
'MBS visit to usher in new era of investment

'MBS visit to usher in new era of investment

Pakistan Tehreek-e-Insaf (PTI) MNA, Shaukat Ali, while commenting on visit of Crown Prince Muhammad bin Salam to Pakistan, said that his visit will open new investment opportunities in the country as well as bolster mutual economic and trade relations bet
Published 18 Feb, 2019 12:00am
Christian families: Punjab government sanctions Rs 30 million grant

Christian families: Punjab government sanctions Rs 30 million grant

The Punjab government has sanctioned Rs. 30 million as Christmas' grant for six thousand deserving Christian families. Provincial Minister of HR&MA Ijaz Alam Augustine visited Jhang, Sialkot and T.T Singh districts and distributed cheques among the deserv
Published 18 Feb, 2019 12:00am
200 illegal structures razed in Peshawar

200 illegal structures razed in Peshawar

The district administration has demolished more than 200 illegal infrastructures on Irrigation Department property during an operation. On the direction of Deputy Commissioner Dr Imran Hamid Sheikh, the local administration team led by Additional Deputy C
Published 18 Feb, 2019 12:00am
Trump asks Europe take back jihadists, as IS in last stand in Syria

Trump asks Europe take back jihadists, as IS in last stand in Syria

US President Donald Trump Sunday called on his European allies to take back alleged jihadists captured in Syria, as Islamic State group fighters defended the last scrap of their "caliphate". IS declared a proto-state across parts of Syria and neighbouring
Published 18 Feb, 2019 12:00am
US army says still helping Saudi-led coalition in Yemen

US army says still helping Saudi-led coalition in Yemen

The US is still supporting the Saudi-led military coalition in Yemen, an American army general told AFP Sunday, days after lawmakers voted to end involvement in Riyadh's war effort. The US continues to "provide support to the coalition, in particular to h
Published 18 Feb, 2019 12:00am
US military hospital to be built in UAE

US military hospital to be built in UAE

A US military hospital funded by the United Arab Emirates will be built in Abu Dhabi to treat Emirati soldiers and regionally based American troops, a US army official said on Sunday. Lieutenant General Charles Hooper, director of the Defence Security Coo
Published 18 Feb, 2019 12:00am
Assad warns Syria's Kurds that US will not protect them

Assad warns Syria's Kurds that US will not protect them

President Bashar al-Assad warned Syria's Kurds Sunday that their ally the United States would not protect them against any Turkish offensive as Washington looks to withdraw it troops. The US is set to pull out its soldiers from Syria after allied Kurdish-
Published 18 Feb, 2019 12:00am
Kenya recalls its ambassador to Somalia

Kenya recalls its ambassador to Somalia

Kenya has recalled its ambassador to Somalia after the Mogadishu government's decision to auction oil and gas exploration blocks at the centre of a maritime territorial dispute in the Indian Ocean, the foreign ministry said. The International Court of Jus
Published 18 Feb, 2019 12:00am
Iran launches 'cruise missile capable' Submarine

Iran launches 'cruise missile capable' Submarine

Iran on Sunday launched a new locally-made submarine capable of firing cruise missiles, state TV said, in the country's latest show of military might at a time of heightened tensions with the US. The launch ceremony, led by President Hassan Rouhani, took
Published 18 Feb, 2019 12:00am
Zarif accuses Israel, US of seeking war

Zarif accuses Israel, US of seeking war

Iran's foreign minister on Sunday accused Israel of looking for war and warned that its actions and those of the United States were increasing the chances of a clash in the region. Addressing the Munich Security Conference, Mohammad Javad Zarif, also crit
Published 18 Feb, 2019 12:00am
Fire sweeps through Bangladesh slum, killing nine

Fire sweeps through Bangladesh slum, killing nine

A fire tore through a slum in southern Bangladesh on Sunday killing at least 9 people and destroying hundreds of shanty homes, police said. The blaze broke out in the port city of Chittagong at about 3.30am and raced through the district of bamboo, tin an
Published 18 Feb, 2019 12:00am
EU flags come down in Brexit Britain

EU flags come down in Brexit Britain

At a flag-making workshop in northern England, orders for Union Jacks are flying off the production line while the EU's blue-and-yellow standard is proving less and less popular. Flying Colours, which makes flags for Britain's royal palaces, has seen EU f
Published 18 Feb, 2019 12:00am
Germany sees big rise in security problems

Germany sees big rise in security problems

Germany has experienced a big increase in the number of security incidents hitting critical infrastructure such as power grids and water suppliers, the BSI cybersecurity agency said on Sunday, adding however that they were not all due to hacking. The Welt
Published 18 Feb, 2019 12:00am
US money fund assets hit highest since March 2010

US money fund assets hit highest since March 2010

Assets in US money market funds rose to the highest level in nearly nine years as investors poured more cash into low-risk investments amid uncertainties about global trade and economic growth, private data released on Wednesday showed. Money market funds
Published 18 Feb, 2019 12:00am
US money fund assets hit highest since March 2010

US money fund assets hit highest since March 2010

Assets in US money market funds rose to the highest level in nearly nine years as investors poured more cash into low-risk investments amid uncertainties about global trade and economic growth, private data released on Wednesday showed. Money market funds
Published 18 Feb, 2019 12:00am
Uzbekistan raises $1 billion in bond market debut

Uzbekistan raises $1 billion in bond market debut

Uzbekistan said Thursday it made a splash with a $1 billion eurobond issue in its first foray into the international debt market. The formely Soviet country became a red flag for investors under ex-president Islam Karimov who took a conservative approach
Published 18 Feb, 2019 12:00am
Uzbekistan raises $1 billion in bond market debut

Uzbekistan raises $1 billion in bond market debut

Uzbekistan said Thursday it made a splash with a $1 billion eurobond issue in its first foray into the international debt market. The formely Soviet country became a red flag for investors under ex-president Islam Karimov who took a conservative approach
Published 18 Feb, 2019 12:00am
J P.Morgan Chase unveils cryptocurrency prototype
Currency

J P.Morgan Chase unveils cryptocurrency prototype

J P.Morgan Chase on Thursday unveiled a prototype for a digital coin system using blockchain, a first among major banks in the fast-changing cryptocurrency world. The system, called JPM Coin and which for now is only at the prototype stage, would permit i
Published 18 Feb, 2019 12:00am
J P.Morgan Chase unveils cryptocurrency prototype
Currency

J P.Morgan Chase unveils cryptocurrency prototype

J P.Morgan Chase on Thursday unveiled a prototype for a digital coin system using blockchain, a first among major banks in the fast-changing cryptocurrency world. The system, called JPM Coin and which for now is only at the prototype stage, would permit i
Published 18 Feb, 2019 12:00am
Rand to shed half its 2019 gains in a year
Currency

Rand to shed half its 2019 gains in a year

South Africa's rand will lose half of the 7 percent gains made against the US dollar since the start of the year over the next 12 months, pressured by fiscal constraints and weak growth, a Reuters poll found on Wednesday. The rand has topped emerging mark
Published 18 Feb, 2019 12:00am
Offshore holdings yuan bonds hit record $259 billion
Currency

Offshore holdings yuan bonds hit record $259 billion

Foreign holdings of Chinese bonds reached a new record in January as hopes for a China-US trade deal and indications of a pause in the US Federal Reserve's tightening cycle helped to bolster the yuan. Offshore investors held 1.75 trillion yuan ($259.06 bi
Published 18 Feb, 2019 12:00am
Offshore holdings yuan bonds hit record $259 billion
Currency

Offshore holdings yuan bonds hit record $259 billion

Foreign holdings of Chinese bonds reached a new record in January as hopes for a China-US trade deal and indications of a pause in the US Federal Reserve's tightening cycle helped to bolster the yuan. Offshore investors held 1.75 trillion yuan ($259.06 bi
Published 18 Feb, 2019 12:00am