News Archives for Print - 2019-02-24

Philippines to launch retail T-bonds sale

The Philippines plans to issue at least 30 billion pesos ($575.93 million) worth of five-year retail bonds next week, the Bureau of Treasury said on Thursday, to help fund this year's budget and provide individuals investment opportunities. The bonds will

Published 24 Feb, 2019 12:00am

Saudi Alhokair's mall business seeks $1 billion from IPO

Shopping malls operator Arabian Centres Company, owned by Fawaz Alhokair Group, is seeking $1 billion from a public share listing in the second quarter, sources told Reuters. Arabian Centres, which has applied for an initial public offering with the Capit

Published 24 Feb, 2019 12:00am

S&P 500 posts highest close since November 8 on trade optimism

The S&P 500 posted its highest closing level since Nov. 8 on Friday as investors clung to signs of progress in the ongoing trade talks between the United States and China. Investors assessed a slew of headlines on the talks, with top trade negotiators fro

Published 24 Feb, 2019 12:00am

Currency

African currencies week ahead: Nigeria vote to drive naira, other currencies stable

Nigeria's currency could pick up next week if the country's election scheduled for this weekend goes smoothly, while other African currencies are expected to remain stable. NIGERIA - The naira is expected to find its rhythm next week once a delayed presid

Published 24 Feb, 2019 12:00am

Currency

Dollar net longs flat, euro net shorts rise

US dollar net long positions were flat compared with the previous week's levels, according to calculations by Reuters and US Commodity Futures Trading Commission data released on Friday. The value of the net long dollar position was $21.76 billion in the

Published 24 Feb, 2019 12:00am

Currency

Canadian dollar notches two-week high

The Canadian dollar strengthened to its highest in more than two weeks against the greenback on Friday, as hopes rose for a trade deal between the United States and China and as domestic data showed a lower-than-expected drop in retail sales. At 4:36 p.m.

Published 24 Feb, 2019 12:00am

Currency

Central bank tightening seen strengthening forint, Czech crown

The forint is expected to firm slightly in the next 12 months as Hungary's central bank could start to tighten policy gradually, analysts in a Feb. 1-5 Reuters poll said. February's survey of 39 analysts also showed the crown is forecast to lead currency

Published 24 Feb, 2019 12:00am

Currency

Dollar slips as safe-haven allure eases

The dollar fell on Friday as investors took on riskier assets after top US and Chinese leaders said a trade deal between their countries was likely. Just over a week remains before higher tariffs can be triggered by the expiration of a US-imposed deadline

Published 24 Feb, 2019 12:00am

Global watchdog gives Iran until June to strengthen anti-money laundering rules

Iran has until June to fix its anti-money laundering and terrorism financing rules or face increased international scrutiny of its banks, a global watchdog said on Friday. Last October, the Paris-based Financial Action Task Force (FATF) watchdog had alrea

Published 24 Feb, 2019 12:00am

Former Enron CEO released after 12 years in prison

Former Enron chief executive Jeffrey Skilling has been released from prison after serving 12 years for his role in the fraud scheme which sent the US energy giant into bankruptcy. Skilling, 65, had been most recently incarcerated at a reentry facility in

Published 24 Feb, 2019 12:00am

Egyptian court lifts ban on ride-hailing companies

A top Egyptian court on Saturday reversed a ban on ride-hailing companies including Uber and Careem, a judicial source said. The decision by the Supreme Administrative Court in Cairo overturns a lower court's ruling last March, which suspended ride-hailin

Published 24 Feb, 2019 12:00am

Buffett says prospects poor for 'elephant-sized acquisition'

Warren Buffett is hunting for "an elephant-sized acquisition," but he is not optimistic about getting it done. The billionaire investor wrote in an annual letter to shareholders on Saturday that the prospects of landing a mega-deal for his Berkshire Hatha

Published 24 Feb, 2019 12:00am

Thousands march as France's 'yellow vest' protests rumble on

Thousands of people marched on Saturday in Paris and other cities and dozens were arrested as France's "yellow vest" movement staged its 15th consecutive weekend of demonstrations against the government. Some 11,600 people joined the protests nationwide,

Published 24 Feb, 2019 12:00am

Twitter co-founder leaving board

Twitter co-founder and one-time chief executive Evan Williams is stepping down from the board, leaving the one-to-many messaging service to focus on "other projects." Williams will depart the Twitter board at the end of this month, according to a filing w

Published 24 Feb, 2019 12:00am

Microsoft workers demand it drop $450 million US Army contract

Several Microsoft Corp employees on Friday demanded that the company cancel a $480 million hardware contract with the US Army and stop developing "any and all weapons technologies." The organizing effort, described to Reuters by three Microsoft workers, o

Published 24 Feb, 2019 12:00am

Societe Generale to cut 1,500 jobs

French banking group Societe Generale is planning to cut 1,500 positions in its BFI corporate and investment banking arm, Le Figaro newspaper reported on Saturday. Citing internal bank documents, the paper said the bank was looking at two scenarios, both

Published 24 Feb, 2019 12:00am

One dead in Nepal bomb blast

A man died and two were injured in a bomb attack outside a telecom company office in the Kathmandu Valley, Nepali police said Saturday. The explosion occurred on Friday outside the office of private telecom company Ncell in Lalitpur district.

Published 24 Feb, 2019 12:00am

US charges man accused of Singapore HIV data leak

An American man accused of leaking data of thousands of HIV-positive people in Singapore has been charged in the United States with possession and unlawful transfer of stolen documents, authorities said. Singapore announced last month that confidential in

Published 24 Feb, 2019 12:00am

Dozens arrested in Algeria protests

Security forces arrested 41 people during angry protests that rocked Algeria's capital against ailing President Abdelaziz Bouteflika seeking a fifth term, authorities said Saturday. Police fired tear gas on Friday to block a protest march on the president

Published 24 Feb, 2019 12:00am

DR Congo election body rejects US corruption claims

Democratic Republic of Congo's electoral commission on Saturday rejected accusations of corruption and human rights violations levelled by the US against three of its members. On Friday, the United States said it will refuse visa requests from five senior

Published 24 Feb, 2019 12:00am

Sudan's Bashir names new Prime Minister

President Omar al-Bashir named a new prime minister Saturday as he pressed on with a shake-up at the top, even as protest leaders dismissed his move to impose a state of emergency across Sudan to quell nationwide demonstrations.

Published 24 Feb, 2019 12:00am

20 killed in China mining accident

Twenty mining staff were killed in northern China on Saturday and another 30 injured when a vehicle that was transporting them underground experienced brake failure and lost control, state-run Xinhua news agency reported. The accident took place in the Xi

Published 24 Feb, 2019 12:00am

Russian army train showcases Syria war 'trophies'

A train carrying war "trophies" captured in Syria left Moscow on Saturday on a two-month tour to parade Russia's military gains in the eight-year conflict. The train went on show at Moscow's Kazansky station, before heading to Russian-annexed Crimea. It w

Published 24 Feb, 2019 12:00am

Syria force looks to clear more civilians from last IS pocket

US-backed fighters said Saturday they were keeping a corridor open to rescue remaining civilians from the Islamic State group's last sliver of territory in Syria, as the UN appealed for urgent assistance.

Published 24 Feb, 2019 12:00am

Prices of essential kitchen items go up

Prices of essential kitchen items increased further during this week past as compared to preceding week, a survey conducted by Business Recorder revealed here on Saturday. The survey observed an increase in the prices of most of the vegetables and

Published 24 Feb, 2019 12:00am

Zulfiqar Mirza dissociates himself from Fehmida's statement

Former home minister Zulfiqar Mirza on Saturday dissociated himself from statement of his wife Fehmida Mirza who delivered speech in the National Assembly (NA) over arrest of Speaker Sindh Assembly Agha Siraj Durrani.

Published 24 Feb, 2019 12:00am

China ready to extend more finance for clean Karachi: Chinese CG

Chinese Counsel General in Karachi, Wang Yu said that the Government of China is keen to see Karachi a clean city and is ready to provide finance, if needed, for this purpose. Chinese envoy was speaking at a ceremony to handover Garbage Tractor and Loadin

Published 24 Feb, 2019 12:00am

CM inaugurates Sehat Insaf Card in DG Khan

Punjab Chief Minister Sardar Usman Buzdar inaugurated Sehat Insaf Card programme in Dera Ghazi Khan on Saturday. According to a handout issued here, he distributed the Sehat Insaf Cards among the needy people. Addressing the inauguration ceremony, CM Usma

Published 24 Feb, 2019 12:00am

One more become victim of 'food poisoning'

A sixth victim died of food poisoning in Karachi on Saturday morning after five members of her family died on Friday. Bina Badruddin, 27, died at the Agha Khan University Hospital at 5am on Saturday after being diagnosed with food poisoning early Friday.

Published 24 Feb, 2019 12:00am

Indian forces kill Pakistani woman

A 22-year-old Pakistani woman who was shot by Indian Border Security Forces personnel died at a hospital in India's Amritsar, media reports say Saturday. Gulshan Bibi, who reportedly suffered from a psychological condition was a resident of Narowal who mi

Published 24 Feb, 2019 12:00am

Banks, Wapda and PTCL database: FBR can make provisional assessments of HNWIs

The Federal Board of Revenue can make provisional assessments of high net worth individuals on the basis of data available with the monthly withholding statements filed by banks/Wapda/PTCL/mobile companies. According to a tweet of international tax expert

Published 24 Feb, 2019 12:00am

PFA destroys 28,641 litres of adulterated milk

Dairy safety teams under the supervision of veterinary experts of the Punjab Food Authority (PFA) continued an operation against milk adulterators on the second consecutive day in Punjab.

Published 24 Feb, 2019 12:00am

Parliamentary affairs will be run under constitution: NA speaker

Speaker National Assembly Asad Qaiser on Saturday said the parliamentary affairs would be run under the constitution as he was the custodian of the whole House not of any specific political party. Talking to a private news channel, he said making legislat

Published 24 Feb, 2019 12:00am

Senate to meet on Monday

President Dr. Arif Alvi has summoned session of the Senate on Monday at three in the afternoon at the Parliament house in Islamabad. The House will discuss important national issues besides legislative business.

Published 24 Feb, 2019 12:00am

Customs seizes smuggled goods worth Rs 1.54 million

Model Customs Collectorate (MCC), Preventive has at Mochko check point. According to details, credible information was received that some unscrupulous elements were planning to transport smuggled goods via passenger bus to Karachi from Balochistan.

Published 24 Feb, 2019 12:00am

Sherry slams Musharraf over pro-Israel statements

Pakistan People's Party (PPP) Parliamentary Leader in Senate, Senator Sherry Rehman has criticized the former President Parvez Musharraf over his statements about Pakistan's ties with Israel, a state Pakistan has refused to recognize since its inception.

Published 24 Feb, 2019 12:00am

Islam teaches Muslims to help the needy through donation: President

President Dr. Arif Alvi on Saturday said Islam teaches the muslims to help the needy people by donating money and Allah Almighty has also said in the holy Quran to donate from what He has given us. He said this while addressing a ceremony during his visit

Published 24 Feb, 2019 12:00am

Shahbaz terms cases against PML-N leaders 'fake'

Opposition Leader in the National Assembly (NA) and President of Pakistan Muslim League-Nawaz (PML-N) Shehbaz Sharif Saturday said that all the cases against the PML-N leaders are fake. Talking to media outside the Camp Jail where he arrived to meet Khawa

Published 24 Feb, 2019 12:00am

Hyundai Nishat Motor launches Santa Fe and Grand Starex

Hyundai Nishat Motor (Pvt) Ltd at a ceremony held here on Saturday launched its hi-end vehicles, Santa Fe and Grand Starex, in Pakistan. Besides, the Hyundai Nishat Motor also inaugurated first of its kind digital retail store at the Emporium Mall, Lahore

Published 24 Feb, 2019 12:00am

Punjab government approves Rs 90.574 million for ostrich farming project

The Punjab government has approved Rs90.574 million project 'an initiative towards food security and innovative livestock business in Pakistan' aimed at developing and promoting Ostrich farming in the province. According the revised PC-I of the project, O

Published 24 Feb, 2019 12:00am

Rashid asks Railways officials to ensure one month's oil stock

Federal Minister for Railways Sheikh Rashid Ahmad has directed the officers concerned to keep at least one month oil stock instead of one week due to prevailing tension between Pakistan and India. The minister was addressing a press conference on Saturday

Published 24 Feb, 2019 12:00am

Hafeez elected LHCBA president

Members Lahore High Court Bar Association (LHCBA) here Saturday elected Hafeez-ur-Rehman Chaudhary as president of the bar for the year 2019-20. Out of 16,226 votes, 7,522 bar members used their right to franchise for electing their representatives for th

Published 24 Feb, 2019 12:00am

Plan to host PSL matches in Lahore chalked out

The Lahore administration has drawn a comprehensive plan for hosting the Pakistan Super League matches at the Qaddafi Stadium in the provincial capital on March 9, 10 and 11. A meeting was held here on Saturday to discuss the arrangements of the mega even

Published 24 Feb, 2019 12:00am

Need stressed for environment-friendly handling of coal

The government needs to work on swift and bulk transportation of coal in order to avoid its unnecessary temporary storage that is becoming threat for environment and localities. Importers are dumping the coal in the surrounding areas of Port Qasim and sin

Published 24 Feb, 2019 12:00am

India should not consider talks offer as weakness: Sarwar

The Punjab governor Ch Mohammad Sarwar on Saturday said that India should not consider Islamabad's talks offer as its 'weakness.' "We want relations with our neighbours on equal footings and will give befitting response in case of Indian aggression," he s

Published 24 Feb, 2019 12:00am

Punjab government offers state land to investors

The Punjab government has prepared a policy to offer state land on lease to investors, said sources. The sources said the objective of the policy is to woo investors in the province. They said the department of industries has prepared the policy that was

Published 24 Feb, 2019 12:00am

LCCI for amending SRO 237(1)/2019

The Lahore Chamber of Commerce and Industry (LCCI) has appealed to the Federal Finance Minister Asad Umer and Advisor to Prime Minister on Commerce Abdul Razzaq Dawood to amend recently issued SRO 237(1)/2019 dated Feb 19, 2019 as it would hit the busines

Published 24 Feb, 2019 12:00am

Saarc CCI urges Pakistan, India to address core issues through dialogue

SAARC Chamber of Commerce and Industries Senior Vice President Iftikhar Ali Malik on Saturday condemning the Indian aggression in wake of Pulwama attack stressed upon the need for sustained, structured and result-oriented parleys between India and Pakista

Published 24 Feb, 2019 12:00am

Dettol Warriors unveil their latest adventure at Deaf Reach School

Dettol recently conducted a Story Telling session at the Deaf Reach School, unveiling the latest adventure of the Dettol Warriors against their evil germ rival, Germoon.

Published 24 Feb, 2019 12:00am

Three arrested

Police on Saturday arrested three persons for running over a traffic warden in Lahore's Multan Chungi locality on Friday night. According to an FIR of the incident, police constable Rafaqat Ali signalled a car, bearing number LEC-17-3715, to stop at a tra

Published 24 Feb, 2019 12:00am

IHC to hear Nawaz's plea on April 9

The Islamabad High Court (IHC) will hold hearing on the plea of deposed prime minister Nawaz Sharif seeking acquittal in corruption reference, on April 9. The court said in a two-page order signed by Justice Aamir Farooq and Justice Mohsin Akhtar on Satur

Published 24 Feb, 2019 12:00am

Sahiwal incident: JIT report sent to PM Office

The Punjab Home Department on Saturday has sent Joint Investigation Team (JIT) report on Sahiwal incident to Prime Minister Office. In the report, the character of slain Zeeshan's brother Ihteshaam was termed as suspicious while placing his name on fourth

Published 24 Feb, 2019 12:00am

Funeral prayers of five siblings offered in Pishin

Funeral prayers of five siblings, who died of consuming unwholesome meal at local restaurant in Karachi, were offered in their hometown village in Pishin on Saturday. The prayers were attended by a large number of local citizens, tribal elders and relativ

Published 24 Feb, 2019 12:00am

Faraz Mirza named FPPCI body's deputy convener

Engr. Daroo Khan Achakzai President Pakistan Federation of Pakistan Chamber of Commerce and Industry (FPCCI) has appointed Faraz Mirza as deputy convener FPPCI central committee for Law and Order for the year 2019. Faraz Mirza is former chairman North Kar

Published 24 Feb, 2019 12:00am

FPCCI signs MoU with HKSCA for promoting bilateral trade

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has signed Memorandum of Understanding (MoU) with the Houston Karachi Sister City Association (HKSCA) with a view to establishing a long-term, sustainable and mutually beneficial cooperation

Published 24 Feb, 2019 12:00am

Couple killed in name of honour over jirga's order

Police investigations have revealed that two bodies, a man and woman, found near Hub Dam were murdered in the name of honour. The tortured bodies were identified as Naseeb Zar Khan and Wahabsar Khan, two residents of Metroville area in the jurisdiction of

Published 24 Feb, 2019 12:00am

Plea to declare pre-marriage thalassaemia test mandatory

CSR / CSI Activist for Eradication of Thalassemia from Pakistan, Ateeq Ur Rehman has said that the deadly disease Thalassemia is erupting like volcano and large of children dying without proper medical support. He said that the Thalassemic centers alone c

Published 24 Feb, 2019 12:00am

Policy to protect Sindh's forests being framed: minister

Sindh Minister for Forests and Wildlife Syed Nasir Hussain Shah has said that government was in the process of formulating a policy to promote and protect forests in the province as once this policy would be unveiled; everyone concerned would be required

Published 24 Feb, 2019 12:00am

APNS condoles death of Meraj Rasool

Hameed Haroon, President and Sarmad Ali, Secretary General, APNS on behalf of the office-bearers and members of the Society have expressed profound grief over the sad demise of Meraj Rasool, founder of Jasoosi Digest Publications, ie, Monthly Suspense Dig

Published 24 Feb, 2019 12:00am

Around 1400 awarded degrees at Hamdard University convocation

Hamdard University has conferred degrees and gold medals upon 1400 graduating students of its seven facilities at the 23rd convocation, here on Saturday. Hamdard University Chancellor Sadia Rashid presided over the event held at Madina-tul- Hikmah, main c

Published 24 Feb, 2019 12:00am

Two PN ships to participate in UAE defence exhibition

Two ships of Pakistan Navy are on a two-day visit to the United Arab Emirates (UAE) to participate in an international defence exhibition. During this visit, PNS Tariq and PNS Himmat participated in Naslul Bahr maritime exercise. In the exercise, the ship

Published 24 Feb, 2019 12:00am

SC rules no one can be forced to give DNA sample

The Supreme Court has held that no person can be compelled to give a sample for DNA in order to determine the paternity. The judgement authored by Justice Qazi Faez Isa delivered on the dispute between a brother and his foster sister. Fawad Qayum had file

Published 24 Feb, 2019 12:00am

SECP explains motive behind maintaining UBO information by companies

The Securities and Exchange Commission of Pakistan (SECP) has informed corporate sector that the requirement to maintain Ultimate Beneficial Ownership (UBO) information is aimed at determining the true owners of a company.

Published 24 Feb, 2019 12:00am

Three girls killed in accident

Three girls died and two others sustained injuries during a road accident in the limits of Kohsar police station on Saturday. Police said that five people were on their way while riding a car when it suddenly fell into ditch at Parbat Road in sector G-7/4

Published 24 Feb, 2019 12:00am

Visit of US envoy-at-large concludes

The United States Ambassador at Large for International Religious Freedom Sam Brownback concluded his two-day visit and discussed with Pakistani leadership as to how the two countries can work together to advance religious freedom and promote interfaith d

Published 24 Feb, 2019 12:00am

China takes note of Pakistan's offer on Pulwama's investigation

China has taken note of the Pakistan's willingness to cooperate with India for investigating the Pulwama's incident. According to the spokesperson of the Chinese Foreign Ministry Geng Shuang, China has been closely following the development of this recent

Published 24 Feb, 2019 12:00am

Robberies, carjacking cases continue unabated in Capital

Over 20 incidents of armed robbery, dacoity, murder, and vehicle theft took place in the city during the last week, depriving citizens of valuables worth millions of rupees. According to data gathered by Business Recorder here on Saturday, over 10

Published 24 Feb, 2019 12:00am

Nawaz's angiography still awaited

Former premier Nawaz Sharif is still awaiting an angiography on the ninth day of his stay at Jinnah Hospital. While family members of Nawaz Sharif are keeping their lips tight, the Punjab Home Department has forwarded the recommendations of specialized me

Published 24 Feb, 2019 12:00am

Shahbaz meets Khawaja brothers at Camp Jail in Lahore

Opposition Leader in National Assembly (NA) and President of Pakistan Muslim League-Nawaz (PML-N) Shehbaz Sharif on Saturday met Khawaja Saad Rafique and Khawaja Salman Rafique at Camp Jail in Lahore. Talking to media, ex-chief minister of Punjab said tha

Published 24 Feb, 2019 12:00am

Pakistan ready to give befitting reply to Indian aggression: Shahbaz

Amid the rising tension between Pakistan and India following the Pulwama attack, Leader of Opposition in National Assembly Shahbaz Sharif on Saturday said that Pakistan was ready to give befitting reply to India's any aggression.

Published 24 Feb, 2019 12:00am

Three soldiers hurt in North Waziristan blast

At least three personnel of the security forces were injured in a remote controlled device explosion in Mirali area of North Waziristan district on Saturday. Official sources said that the blast occurred on Mirali bazaar when the security forces were patr

Published 24 Feb, 2019 12:00am

Soft loan programme for skilled youth to be launched next month: minister

Punjab Industries and Trade Minister Mian Aslam Iqbal has said that soft loan programme for skilled youth is ready and will be launched next month and women will be given special incentives in this programme. He expressed these views while addressing a pr

Published 24 Feb, 2019 12:00am

KP CM for providing 3G, 4G facilities in Waziristan

Chief Minister Khyber Pakhtunkhwa, Mahmood Khan has said that he would soon visit Waziristan again to inaugurate the provision of 3G and 4G interrnet facilities in the region He expressed these views during a briefing by the Advisor to Chief Minister Ajma

Published 24 Feb, 2019 12:00am

Pakistani workers in GCC states

According to a Business Recorder news item, "the Economic Coordination Committee (ECC) of the Cabinet has been informed that major challenges for Pakistani workers in Gulf Cooperation Council (GCC) countries are policy of localisation and impositio

Published 24 Feb, 2019 12:00am

Germany under fire for Saudi arms export ban

Export power Germany has long had a troubled relationship with selling arms abroad, a legacy of its dark history that is now spelling deep discord with its European allies.

Published 24 Feb, 2019 12:00am

Trump's 'great chemistry' with Kim Jong Un put to test at summit

Convinced he has forged a budding friendship with Kim Jong Un, President Donald Trump frequently boasts that he has made history with the North Korean leader.

Published 24 Feb, 2019 12:00am

Cotton

Mending the Economy

Asad Umar and team started the innings with tough pricing measures to lower the twin deficit. The process is painstaking, and is resulting in a broad-based economic slowdown - numerous industries are taking tough cost cutting measures including layoffs an

Published 24 Feb, 2019 12:00am

Sexual harassment at workplace

A three-member Supreme Court bench headed by Justice Azmat Saeed has taken cognizance of some recent reports that spoke of weaknesses in the Protection against Harassment of Women at Workplace Act, 2010, directing the federal and provincial governments to

Updated 09 Mar, 2019 10:51am

Discourteous behaviour

The PTI government put its best foot forward to welcome Saudi Crown Prince Mohammad bin Salman, but exhibited a sign of political immaturity by refusing to invite opposition leaders to the banquet Prime Minister Imran Khan hosted in his honour. Informatio

Updated 09 Mar, 2019 10:51am

The need for neutrality

A discordant note was struck in the joint press conference by the Pakistani and Saudi Foreign Ministers during the visit of Crown Prince Mohammad bin Salman. While Pakistani Foreign Minister Shah Mahmood Qureshi underlined the convergence with Saudi Arabi

Updated 09 Mar, 2019 10:52am

North Korean leader's train arrives in China

North Korean leader Kim Jong Un's armoured train arrived in China late Saturday ahead of his summit with US President Donald Trump in Vietnam, according to media reports. The train arrived in the border city of Dandong after 9 pm local time (1300 GMT), ac

Published 24 Feb, 2019 12:00am

North Korean leader's train arrives in China

North Korean leader Kim Jong Un's armoured train arrived in China late Saturday ahead of his summit with US President Donald Trump in Vietnam, according to media reports. The train arrived in the border city of Dandong after 9 pm local time (1300 GMT), ac

Published 24 Feb, 2019 12:00am

20 new trains: Government mulling outsourcing commercial management

The government has decided to outsource the commercial management of newly introduced trains to improve their financial viability, it is learnt. Sources revealed to Business Recorder that the Pakistan Tehreek-e-Insaf-led government has introduced 2

Published 24 Feb, 2019 12:00am

20 new trains: Government mulling outsourcing commercial management

The government has decided to outsource the commercial management of newly introduced trains to improve their financial viability, it is learnt. Sources revealed to Business Recorder that the Pakistan Tehreek-e-Insaf-led government has introduced 2

Published 24 Feb, 2019 12:00am

20 new trains: Government mulling outsourcing commercial management

The government has decided to outsource the commercial management of newly introduced trains to improve their financial viability, it is learnt. Sources revealed to Business Recorder that the Pakistan Tehreek-e-Insaf-led government has introduced 2

Published 24 Feb, 2019 12:00am

Venezuela set for aid showdown as Guaido claims military help

Venezuelan security forces fired tear gas and rubber bullets Saturday to disperse a crowd demanding to cross the Venezuela-Colombia border, ordered closed by President Nicolas Maduro as tensions in the Latin American country soared ahead of an opposition

Published 24 Feb, 2019 12:00am

Venezuela set for aid showdown as Guaido claims military help

Venezuelan security forces fired tear gas and rubber bullets Saturday to disperse a crowd demanding to cross the Venezuela-Colombia border, ordered closed by President Nicolas Maduro as tensions in the Latin American country soared ahead of an opposition

Published 24 Feb, 2019 12:00am

10 die in blast at illegal firework factory in India

An explosion at an illegal firecracker factory in northern India killed at least 10 people Saturday with specialist bomb disposal teams called in to clear the site.

Published 24 Feb, 2019 12:00am

10 die in blast at illegal firework factory in India

An explosion at an illegal firecracker factory in northern India killed at least 10 people Saturday with specialist bomb disposal teams called in to clear the site.

Published 24 Feb, 2019 12:00am

SLIC clarification

It is apropos a Business Recorder news item "SLIC employees, policy-holders concerned at sell -off plan. It is clarified that the news item carries several factual errors, which are detailed herein. Firstly, SLIC is not being privatized on March 31

Published 24 Feb, 2019 12:00am

SLIC clarification

It is apropos a Business Recorder news item "SLIC employees, policy-holders concerned at sell -off plan. It is clarified that the news item carries several factual errors, which are detailed herein. Firstly, SLIC is not being privatized on March 31

Published 24 Feb, 2019 12:00am

SLIC clarification

It is apropos a Business Recorder news item "SLIC employees, policy-holders concerned at sell -off plan. It is clarified that the news item carries several factual errors, which are detailed herein. Firstly, SLIC is not being privatized on March 31

Published 24 Feb, 2019 12:00am

Nigeria begins count in presidential elections

Nigeria began counting votes in presidential elections on Saturday, even as many people had yet to even cast their ballot because of delays in the opening of polling units and problems with staffing and technology. The late start at some of the nearly 120

Published 24 Feb, 2019 12:00am

Nigeria begins count in presidential elections

Nigeria began counting votes in presidential elections on Saturday, even as many people had yet to even cast their ballot because of delays in the opening of polling units and problems with staffing and technology. The late start at some of the nearly 120

Published 24 Feb, 2019 12:00am

NAB issues Gulzar Ahmed's arrest warrant

National Accountability Bureau (NAB) on Saturday has issued arrest warrant of businessman Gulzar Ahmed as a part of inquiry regarding transfer of millions of rupees from bank account of Sindh Assembly Speaker Agha Siraj Durrani's daughter. The watchdog of

Published 24 Feb, 2019 12:00am

NAB issues Gulzar Ahmed's arrest warrant

National Accountability Bureau (NAB) on Saturday has issued arrest warrant of businessman Gulzar Ahmed as a part of inquiry regarding transfer of millions of rupees from bank account of Sindh Assembly Speaker Agha Siraj Durrani's daughter. The watchdog of

Published 24 Feb, 2019 12:00am

Cardinal admits Church files on paedophile priests 'destroyed'

A top Catholic cardinal admitted Saturday that Church files on priests accused of sexually abusing children were destroyed or never even drawn up in a move which allowed paedophiles to prey on others. "Files that could have documented the terrible deeds a

Published 24 Feb, 2019 12:00am

Cardinal admits Church files on paedophile priests 'destroyed'

A top Catholic cardinal admitted Saturday that Church files on priests accused of sexually abusing children were destroyed or never even drawn up in a move which allowed paedophiles to prey on others. "Files that could have documented the terrible deeds a

Published 24 Feb, 2019 12:00am

KPRA collects Rs 5.5 billion in seven months of FY2018-19

Khyber Pakhtunkhwa Revenue Authority has collected Rs 5.5 billion since July 2018 to January 2019 out of the set revenue target of Rs 15billion for the current financial year that will end on June 30. It was disclosed at 6th meeting of the policy making c

Published 24 Feb, 2019 12:00am

KPRA collects Rs 5.5 billion in seven months of FY2018-19

Khyber Pakhtunkhwa Revenue Authority has collected Rs 5.5 billion since July 2018 to January 2019 out of the set revenue target of Rs 15billion for the current financial year that will end on June 30. It was disclosed at 6th meeting of the policy making c

Published 24 Feb, 2019 12:00am

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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