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Print - 2019-03-08
Australian, New Zealand shares up

Australian, New Zealand shares up

Australian shares advanced on Thursday as hopes for a central bank rate cut boosted consumer and financial stocks, but gains were capped by a weak mining sector after index majors began trading ex-dividend. The S&P/ASX 200 index rose 0.3 percent, or 18.3
Published 08 Mar, 2019 12:00am
Transfers & postings in FBR

Transfers & postings in FBR

The Federal Board of Revenue (FBR) has transferred and posted two senior officials of Inland Revenue Services (BS-20) with immediate effect.
Published 08 Mar, 2019 12:00am
SNGPL clarification

SNGPL clarification

This refers to news item carried by Business Recorder on 26-02-2019 with title "Rs18.2bn UFG loss unearthed". In this regard, our clarification/comments are as under: SNGPL successfully completed UFG Reduction Plan, resultantly UFG losses has been
Published 08 Mar, 2019 12:00am
Senate body to lodge complain against minister

Senate body to lodge complain against minister

Expressing serious anger over the absence of Federal Minister for Planning and Development Khusro Bakhtiar, Senate Functional Committee on Problems of Less Developed Areas on Thursday decided to lodge a written complaint with the chairman Senate over the
Published 08 Mar, 2019 12:00am
UN Environment Assembly: Pakistan to raise issue of eco-terrorism

UN Environment Assembly: Pakistan to raise issue of eco-terrorism

Pakistan is all set to raise eco-terrorism done by Indian air strikes at the United Nations Environment Assembly next week. This was announced by Advisor to Prime Minister on Climate Change Malik Amin Aslam while talking to media persons here on Thursday.
Published 08 Mar, 2019 12:00am
NICVD Sukkur to start paediatric cardiac surgeries soon: Prof Nadeem

NICVD Sukkur to start paediatric cardiac surgeries soon: Prof Nadeem

The Executive Director of the National Institute of Cardiovascular Diseases (NICVD), Prof. Nadeem Qamar Thursday inaugurated an electrophysiology lab and the second catheterization (cath) lab at the NICVD's Sukkur Satellite Center. Prof. Nadeem Qamar said
Published 08 Mar, 2019 12:00am
FPCCI proposes steps to boost Pak-Vietnam trade ties

FPCCI proposes steps to boost Pak-Vietnam trade ties

President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Engr Daroo Khan Achakzai sees huge potential for enhancement of Pakistan-Vietnam bilateral trade and economic relations. Citing a report on 'Economic Relations between Pakistan
Published 08 Mar, 2019 12:00am
Forex reserves up by $140 million

Forex reserves up by $140 million

The country's total liquid foreign exchange reserves increased by $140 million during last week. According to the State Bank of Pakistan's weekly report issued Thursday, the country's total liquid foreign exchange reserves rose to $14.956 billion as on Ma
Published 08 Mar, 2019 12:00am
CM, PCB chief discuss arrangements made for HBL PSL matches

CM, PCB chief discuss arrangements made for HBL PSL matches

Sindh Chief Minister Syed Murad Ali Shah and Chairman PCB Ehsan Mani, who along with his delegation called on him here at the CM House, discussed final arrangements made for HBL Pakistan Super League (PSL) matches staring from March 9 to 17 in the city. "
Published 08 Mar, 2019 12:00am
PBIF asks government to revisit all bilateral trade agreements

PBIF asks government to revisit all bilateral trade agreements

President of Pakistan Businessmen and Intellectuals Forum (PBIF) Mian Zahid Hussain has suggested that all trade agreements with different countries need to be reviewed in order to make them more beneficial and supportive for strengthening Pakistan's expo
Published 08 Mar, 2019 12:00am
National SME Policy 2019 to focus on reducing cost of doing business

National SME Policy 2019 to focus on reducing cost of doing business

Ministry of Industries and Production is preparing National Small and Medium Enterprise (SME) Policy 2019, with main focus on reduction in cost of doing business and rationalization of taxation regime with the assistance of Lahore University of Management
Published 08 Mar, 2019 12:00am
Scientists solve weighty matter of Milky Way mass

Scientists solve weighty matter of Milky Way mass

Astronomers said Thursday they had accurately calculated the mass of the Milky Way for the first time, using new data sets that include the weight of dark matter. In a collaboration between NASA and the European Space Agency's Gaia observation craft, a te
Published 08 Mar, 2019 12:00am
Afghan situation does not merit US withdrawal: Top general

Afghan situation does not merit US withdrawal: Top general

US forces have not yet been ordered to pull out of Afghanistan despite President Donald Trump's plan to end involvement there, the commander of American forces in the Middle East, said Thursday. "We have not been directed to withdraw. There are no orders
Published 08 Mar, 2019 12:00am
Saudi Arabia hit with rare rebuke at UN rights body over Khashoggi

Saudi Arabia hit with rare rebuke at UN rights body over Khashoggi

Thirty-six nations condemned Saudi Arabia on Thursday over the murder of journalist Jamal Khashoggi in a rare censure of the oil-rich kingdom at the UN Human Rights Council. A statement read by Iceland on behalf of a group of states expressed "significant
Published 08 Mar, 2019 12:00am
China's top grain region plans to raise subsidies for growers

China's top grain region plans to raise subsidies for growers

China's top grain producing region plans to increase subsidies for corn growers as a stocks glut eases, and will keep soybean subsidies at high levels for a second year running, official media reported. The increase for corn marks a reversal from last yea
Published 08 Mar, 2019 12:00am
Cotton market: stable trend on modest trade activity
Cotton

Cotton market: stable trend on modest trade activity

Buying interest persisted on the cotton market on Thursday as mills and spinners keen to make new deals at the present levels, dealers said. The official spot rate unchanged at Rs 8,600, they added. In the ready session, over, 6,000 bales of cotton change
Published 08 Mar, 2019 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 116,646 tonnes of cargo comprising 78,686 tonnes of import cargo and 37,960 tonnes of export cargo including 4,231 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargos of 7
Published 08 Mar, 2019 12:00am
China's iron ore futures fall as anti-smog measures weigh

China's iron ore futures fall as anti-smog measures weigh

Prices of China's steel-making raw materials dropped on Wednesday after the top steelmaking city of Tangshan maintained the highest smog alert amid unfavourable weather conditions, while the government vowed to extend its anti-smog measures. The level 1 a
Published 08 Mar, 2019 12:00am
EU wheat futures fall to 7-1/2-month low

EU wheat futures fall to 7-1/2-month low

Euronext wheat futures fell on Wednesday to close to last week's 7-1/2 month low as Chicago prices resumed their recent slide. Benchmark May milling wheat on Paris-based Euronext settled 0.75 euro, or 0.4 percent, lower at 186.75 euros ($211) a tonne, not
Published 08 Mar, 2019 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,684. The traded value of Metals, Energy and COTS/FX was recorded at PKR 8.966 billion and the number of lots traded 12,080.
Published 08 Mar, 2019 12:00am
CBOT soyabean futures decline

CBOT soyabean futures decline

Chicago Board of Trade soyabean futures declined on Wednesday for a second straight session on uncertainty about prospects for a US trade deal with China, the world's largest soyabean importer, traders said. There have been no signs of fresh export activi
Published 08 Mar, 2019 12:00am
CBOT wheat futures fall

CBOT wheat futures fall

Chicago Board of Trade wheat futures fell nearly 3 percent on Wednesday on technical selling and sluggish export demand for US supplies, coupled with improving prospects for a sizable global harvest later this year. CBOT May soft red winter wheat settled
Published 08 Mar, 2019 12:00am
Sterling falls to day's low on Brexit impasse
Currency

Sterling falls to day's low on Brexit impasse

Sterling fell to the day's lows on Thursday, moving further away from an eight-month high hit last week, after British and European Union sources said Brexit negotiations have hit an impasse. Nothing at the moment suggests anything will change in Britain'
Published 08 Mar, 2019 12:00am
Lira weakens
Currency

Lira weakens

The Turkish lira weakened against the dollar on Thursday, extending losses on concern about political tensions with the United States over Ankara's procurement of Russian missile defence systems. The lira weakened as far as 5.4559 against the dollar and s
Published 08 Mar, 2019 12:00am
Asian forex: Indian rupee and peso lead gains
Currency

Asian forex: Indian rupee and peso lead gains

Most Asian currencies rose on Thursday as investors awaited new catalysts after pricing in policy and geopolitical cues over the week, with the rupee at its firmest since the start of the year. Amid headlines from China's annual parliamentary meeting and
Published 08 Mar, 2019 12:00am
Aussie, kiwi in a sweat

Aussie, kiwi in a sweat

The Australian dollar was hanging on grimly on Thursday as disappointing retail sales added to already feverish speculation about rate cuts, driving hefty gains for bonds and debt futures. The Aussie dollar touched a two-month low at $0.7020 at one stage
Published 08 Mar, 2019 12:00am
Canadian, Aussie dollars fall in New York
Currency

Canadian, Aussie dollars fall in New York

The Canadian and Australian dollar sank to two-month lows on Wednesday as traders scaled back holdings on expectations policy-makers would leave interest rates alone in the foreseeable future or even lower them to counter their softening economies. The Ba
Published 08 Mar, 2019 12:00am
Euro dips in Europe after ECB meeting
Currency

Euro dips in Europe after ECB meeting

The euro dipped below $1.13 on Thursday after the European Central Bank postponed the timing of its first post-crisis rate hike to 2020 at the earliest and launched a new round of cheap loans to banks. The decision to tweak the bank's forward guidance on
Published 08 Mar, 2019 12:00am
Major currencies trap in tight ranges in Asia
Currency

Major currencies trap in tight ranges in Asia

Major currencies mostly stuck to tight ranges on Thursday as traders focused their attention on the European Central Bank's (ECB) policy review later in the day, while the Australian and Canadian dollars struggled near two-month lows. The yen and the Swis
Published 08 Mar, 2019 12:00am
Zimbabwe denies new currency rate being fixed
Currency

Zimbabwe denies new currency rate being fixed

The head of Zimbabwe's central bank denied on Thursday that it had fixed the exchange rate of the country's new transitional currency, whose value it said it would let the market decide. Zimbabwe ditched a discredited 1:1 dollar peg for its dollar-surroga
Published 08 Mar, 2019 12:00am
Ruthless New Zealand look to win Test 'whatever way possible'

Ruthless New Zealand look to win Test 'whatever way possible'

New Zealand have pledged a win-at-all-costs approach to the second Test against Bangladesh, starting in Wellington on Friday, as they look to wrap up the series with a game to spare. The wicket is green and tailor-made for the early seamers, with New Zeal
Published 08 Mar, 2019 12:00am
Ufone Balochistan Football Cup kicks off

Ufone Balochistan Football Cup kicks off

Pakistani cellular company Ufone has announced that the third edition of the Ufone Balochistan Football Cup, which will commence today (March 07) from Noshki The tournament aims to promote Balochistan's favourite sport and provide a platform to young foot
Published 08 Mar, 2019 12:00am
Badminton: China's Lin Dan dumped out of All England Open

Badminton: China's Lin Dan dumped out of All England Open

Chinese badminton superstar Lin Dan crashed out of the All England Open in the first round, losing to Japan's Kanta Tsuneyama. Lin, a six-time winner of the tournament who is now ranked 12th in the world, fell to a 19-21, 21-14, 21-7 defeat in Birmingham
Published 08 Mar, 2019 12:00am
Green excited to visit Karachi for HBL PSL matches

Green excited to visit Karachi for HBL PSL matches

Young Australia off-spinner Chris Green is excited to visit Karachi for the last leg of the HBL Pakistan Super League resuming from March 9 (Saturday) as the league shifts to Pakistan after the first 26 matches were held in the United Arab Emirates. The 2
Published 08 Mar, 2019 12:00am
Messi back for Argentina after eight month absence

Messi back for Argentina after eight month absence

Lionel Messi was named in the Argentina squad Thursday for the first time since the World Cup, ending a self-imposed eight month exile. Interim coach Lionel Scaloni named the five-time World Player of the Year in his squad for the friendlies against Venez
Published 08 Mar, 2019 12:00am
British sprint Olympic medallist retires

British sprint Olympic medallist retires

Britain's Callum Skinner, a team sprint Olympic gold medallist, has retired at 26 due to health reasons and will now throw his efforts into promoting athletes' rights. "I am calling time on my elite cycling career," Skinner said to general surprise on Thu
Published 08 Mar, 2019 12:00am
FIFA register $700 million extra revenue in latest filings

FIFA register $700 million extra revenue in latest filings

FIFA have posted a better than expected $6.4 billion (5.65 billion euros) turnover for the financial period of 2015-2018 allowing for $2.74bn in back-up, a source told AFP on Wednesday. FIFA announced a revenue of $5.72bn for the previous cycle between 20
Published 08 Mar, 2019 12:00am
Federer shies away from Superman tag

Federer shies away from Superman tag

Roger Federer is still savoring his latest remarkable milestone, but the Swiss great says his 100th career title isn't a sign he's super-human. "The problem is, people always elevate the superstar athlete to like Superman status like we're super-human and
Published 08 Mar, 2019 12:00am
Telles penalty edges Porto past Roma in extra time

Telles penalty edges Porto past Roma in extra time

Alex Telles converted a VAR-awarded penalty deep into extra time as Porto defeated Roma 3-1 on Wednesday to reach the Champions League quarter-finals following a 4-3 win on aggregate. Francisco Soares nudged Porto ahead with a simple tap-in on 26 minutes,
Published 08 Mar, 2019 12:00am
Lehmann makes coaching comeback

Lehmann makes coaching comeback

Darren Lehmann was named coach of the Big Bash League's Brisbane Heat Thursday, his first cricket role since quitting the Australian team over thhe sandpaper cheating scandal Lehmann said returning to the Heat, the team he steered to a Big Bash title in 2
Published 08 Mar, 2019 12:00am
Huawei sues US over federal ban on its products

Huawei sues US over federal ban on its products

Tech giant Huawei on Thursday opened a legal front in its counter-offensive against US warnings that it could aid Chinese intelligence services, filing suit to overturn a US law that bars federal agencies from buying its products.
Published 08 Mar, 2019 12:00am
US jobless claims fall; productivity improves

US jobless claims fall; productivity improves

The number of Americans filing applications for unemployment benefits unexpectedly fell last week, pointing to strong labour market conditions despite signs that job growth was slowing.
Published 08 Mar, 2019 12:00am
Calvin Klein abandons runway division

Calvin Klein abandons runway division

American fashion label Calvin Klein announced Wednesday it is closing its high-end runway division as part of a restructuring by parent company PVH.
Published 08 Mar, 2019 12:00am
China right to aim to boost consumption: IMF

China right to aim to boost consumption: IMF

China is right to aim its stimulus policies at boosting domestic consumption since that will produce better quality economic growth, the International Monetary Fund said Thursday. Beijing this week announced it had lowered its 2019 growth target to 6.0-6.
Published 08 Mar, 2019 12:00am
Amazon to expand real-world store presence

Amazon to expand real-world store presence

Amazon on Wednesday unveiled plans to open more bookstores and "4-star" shops selling only the best-rated products - while closing its smaller "pop-up" kiosks in the US.
Published 08 Mar, 2019 12:00am
Two million elderly Americans swindled in 12 months

Two million elderly Americans swindled in 12 months

The US Justice Department said Thursday some two million elderly Americans have been deprived of $750 million in various rackets over the last year, including fake technical support scams conducted from Indian call centers.
Published 08 Mar, 2019 12:00am
'Nearly a third' of British billionaires moved to tax havens

'Nearly a third' of British billionaires moved to tax havens

Nearly a third of Britain's billionaires have either moved or are relocating to tax havens, where some have broken UK law by bankrolling political parties, a major investigation said on Thursday. The Times newspaper published a series of reports detailing
Published 08 Mar, 2019 12:00am
Weak results, ex-dividend trading hit UK's main index

Weak results, ex-dividend trading hit UK's main index

Britain's FTSE 100 dipped after rising for four days as several blue-chip stocks traded ex-dividend, while NMC Health plus insurers Aviva and Admiral slipped after earnings reports, but Melrose gained after its adjusted profit nearly tripled. The FTSE 100
Published 08 Mar, 2019 12:00am
Southeast Asian stocks: Philippines extends gains

Southeast Asian stocks: Philippines extends gains

Philippine shares closed higher for a second straight session on Thursday, helped by financials, while most other Southeast Asian stock markets clung to a tight trading range ahead of China trade data and amid persistent global growth concerns. The benchm
Published 08 Mar, 2019 12:00am
Indian shares up

Indian shares up

Indian shares ended higher on Thursday, with sentiment lifted by a strong rupee, amid hopes of a second term for the current government in the next elections. The benchmark BSE index closed up 0.24 percent at 36,725.42, while the broader NSE index ended 0
Published 08 Mar, 2019 12:00am
European shares pull back before ECB meeting

European shares pull back before ECB meeting

European shares retreated further from five-month highs on Thursday before a European Central Bank meeting that is expected to slash growth forecasts and hint at a new round of ultra-cheap loans for euro zone banks. The pan-European STOXX 600 index was do
Published 08 Mar, 2019 12:00am
China blue-chips snap four days of gains

China blue-chips snap four days of gains

Chinese blue-chips fell on Thursday after four straight sessions of gains while Shanghai shares closed slightly higher in a volatile session of trade, after the finance minister reiterated that China would not seek to flood a slowing economy with stimulus
Published 08 Mar, 2019 12:00am
MSCI deletes Shenzhen stock from indexes

MSCI deletes Shenzhen stock from indexes

Global index provider MSCI said it would remove Han's Laser Technology from its China indexes and slash the weighting of Midea Group Co, citing issues triggered by foreign ownership ceilings. MSCI's statement on Thursday came a day after Chinese regulator
Published 08 Mar, 2019 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (March 07, 2019).

Published 08 Mar, 2019 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (March 07, 2019).

Published 08 Mar, 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 Thursday (March 07, 2019).

Published 08 Mar, 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 08 Mar, 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 Thursday (March 07, 2019).

Published 08 Mar, 2019 12:00am