News Archives for Print - 2019-03-14

Print - 2019-03-14

China orders banks to boost financial support to small firms

China's banking and insurance regulator on Wednesday urged banks to continue increasing lending to smaller firms and further cut their financing costs, as policymakers work to avert an economic slowdown. Banks should work hard to achieve targets on increa

Published 14 Mar, 2019 12:00am

Lufthansa orders 40 long-haul jets from Airbus, Boeing

German airline giant Lufthansa said Wednesday it had ordered 40 long-haul jets, 20 each from rivals Airbus and Boeing, as it replaces its older four-engined fleet with more modern aircraft. Boeing will supply 787-9 planes and Airbus its A350-900 to the Fr

Published 14 Mar, 2019 12:00am

France, Kenya agree on deals worth three billion euros

On the first-ever visit to Kenya by a French head of state, presidents Emmanuel Macron and Uhuru Kenyatta announced a series of public-private infrastructure deals Wednesday, totalling 3 billion euros (2.65 billion euros).

Published 14 Mar, 2019 12:00am

China is overtaking US in artificial intelligence

China is poised to overtake the United States in artificial intelligence with a surge in academic research on the key technology, an analysis published Wednesday showed. The analysis by the Allen Institute for Artificial Intelligence showed China has alre

Published 14 Mar, 2019 12:00am

Cathay Pacific back to profit

Hong Kong flag carrier Cathay Pacific on Wednesday announced a net profit of HK$2.35 billion ($299 million) last year, ending two successive annual losses after a massive overhaul. The recovery, which compares with a $160 million loss in 2017, also came i

Published 14 Mar, 2019 12:00am

Cathay Pacific back to profit

Published 14 Mar, 2019 12:00am

China urges Europe not to turn competition into rivalry

China on Wednesday urged the European Union not to turn "beneficial competition" between the two partners into a "rivalry" after Brussels outlined a shift to more assertive relations with Beijing. Top European policymakers on Tuesday released a 10-point p

Published 14 Mar, 2019 12:00am

Volkswagen slashes thousands more jobs to fund electric transition

German car giant Volkswagen said Wednesday it would slash thousands of posts to cope with its transition to electric and autonomous driving the day after reporting rising profits, as its CEO had to apologise for an ill-advised Nazi pun.

Published 14 Mar, 2019 12:00am

Trump announces plan to ground all Boeing 737 MAX planes

US President Donald Trump on Wednesday announced a plan to ground all Boeing 737 MAX aircraft amid intense international and political pressure following the second deadly crash in less than five months. "We're going to be issuing an emergency order of pr

Published 14 Mar, 2019 12:00am

Canada grounds Boeing 737 MAX

Canada grounded the world's third largest fleet of Boeing 737 MAX 8 jetliners, or 41 planes operated by three Canadian carriers, and banned the aircraft from its airspace Wednesday. "As a result of new data that we received this morning, and had the chanc

Published 14 Mar, 2019 12:00am

$20 millon settlement reached in Uber driver lawsuit

Uber has agreed to pay $20 million to settle a lawsuit accusing the ride-share service of classifying drivers as contractors to avoid paying them minimum wage and providing benefits. The settlement filed late Monday noted that parties involved in the six-

Published 14 Mar, 2019 12:00am

US aircraft, equipment sales lift US durable goods

Rising aircraft sales unexpectedly drove orders for US durable goods higher in January, the third monthly increase amid a recovery in business investment, according to government data released Wednesday. But the increase masked weakness in other key areas

Published 14 Mar, 2019 12:00am

Ronaldo's hat-trick put Juventus in Champions League quarters

Cristiano Ronaldo scored a spectacular hat-trick to fire Juventus into the Champions League quarter-finals with a 3-0 win over Atletico Madrid on Tuesday that saw his side claim a thrilling tie 3-2 on aggregate. The Portuguese superstar scored two headers

Published 14 Mar, 2019 12:00am

Khawaja, bowlers humble India in series decider

A fluent century by Usman Khawaja and incisive bowling helped Australia ease to a 35-run series clinching win in the fifth one-day international on Wednesday. Adam Zampa took three wickets to help dismiss India for 237 on the last ball of their innings af

Published 14 Mar, 2019 12:00am

Ferrari unveil anniversary logo

Ferrari unveiled a 90th anniversary logo for Formula One's season-opening Australian Grand Prix on Wednesday after ditching branding by a tobacco giant's subsidiary over a potential breach of cigarette advertising laws.

Published 14 Mar, 2019 12:00am

Quetta Gladiators reach final of HBL PSL

Quetta Gladiators reached the final of HBL Pakistan Super League (PSL) in a cliffhanger against Peshawar Zalmi by 10 runs in the playoff qualifier of the league played at National Stadium Karachi (NSK) on Wednesday. It was Shane Watson who broke the shack

Published 14 Mar, 2019 12:00am

Udana heroics not enough for sorry Sri Lanka

A blazing innings by tailender Isuru Udana could not prevent another heavy defeat for Sri Lanka in the fourth one-day international against South Africa at St George's Park on Wednesday. Batting at number nine, Udana hit 78 in a Sri Lankan total of 189. B

Published 14 Mar, 2019 12:00am

Osaka, Halep crash out

World number one Naomi Osaka crashed out of Indian Wells on Tuesday, routed by Belinda Bencic on a day that saw second-ranked Simona Halep sent packing, too. Bencic, ranked 23rd in the world, defeated Osaka 6-3, 6-1 to reach the quarter-finals of the pres

Published 14 Mar, 2019 12:00am

Djokovic out, Rafa, Federer advance

Germany's Philipp Kohlschreiber stunned Australian Open champion Novak Djokovic 6-4, 6-4 on Tuesday, claiming his first career win over a world No. 1 player to reach the fourth round of the ATP Indian Wells Masters. Serbian superstar Djokovic was playing

Published 14 Mar, 2019 12:00am

Currency

Pound edges up in Asian trade

The pound edged up on Wednesday after turbulence following the defeat of British Prime Minister Theresa May's European Union exit deal, but investors braced for more volatility ahead of additional Brexit proceedings. The British Parliament on Tuesday reje

Published 14 Mar, 2019 12:00am

Currency

Aussie down, euro rises in Europe

The Australian dollar skidded lower on Wednesday after a consumer confidence gauge triggered fresh concerns about a slowing economy. Sterling was the other big mover, adding more than half a percent on hopes British lawmakers will vote later on Wednesday

Published 14 Mar, 2019 12:00am

Early trade in New York: Dollar softens, sterling on hold

The US dollar was softer on Wednesday after new inflation data bolstered the likelihood US interest rates will not be raised anytime soon, while sterling rose ahead of a vote by Britain's parliament on a proposal that would rule out a "no deal" exit from

Published 14 Mar, 2019 12:00am

Currency

Sterling flat, dollar lower in New York

Sterling whipsawed after Prime Minister Theresa May's Brexit deal was defeated in Parliament on Tuesday, leaving the currency unchanged on the day, while the dollar fell against the euro as US consumer prices disappointed. The British Parliament rejected

Published 14 Mar, 2019 12:00am

South Africa's rand weakens

South Africa's rand weakened against the dollar on Wednesday as investors stayed away from riskier assets ahead of another British parliamentary showdown over Brexit. At 1505 GMT the rand was trading at 14.4050 per dollar, 0.42 percent weaker than its New

Published 14 Mar, 2019 12:00am

Most Asian currencies flat trade deal caution

Most emerging Asian currencies traded flat to lower on Wednesday, with the South Korean won weakening the most as investors looked for signs of a breakthrough in US-China trade negotiations. US Trade Representative Robert Lighthizer said on Tuesday he hop

Published 14 Mar, 2019 12:00am

Currency

Sterling set for biggest daily rise in 2019

Sterling on Wednesday was headed for its biggest daily rise in 2019 as investors bet that British lawmakers would resoundingly vote against leaving the European Union in 16 days' time without a transition agreement. Britain's parliament was set to vote at

Published 14 Mar, 2019 12:00am

Argentina aims to boost gas output and supply

Argentina's efforts to boost its natural gas output and supply are progressing through new pipeline and transport projects and auctions, moves that are expected to balance the country's production and demand, the energy secretary said on Monday.

Published 14 Mar, 2019 12:00am

Cotton

PMEX daily trading report

On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,702. The traded value of Metals, Energy and COTS/FX was recorded at PKR 9.819 billion and the number of lots traded 11,890.

Published 14 Mar, 2019 12:00am

European wheat bounces from near nine-month low

European wheat futures in Paris recovered on Tuesday from a near nine-month low, spurred by a sharp rebound in Chicago, fresh export tender demand and a lack of selling on the French cash market. Benchmark May milling wheat on the Paris-based Euronext exc

Published 14 Mar, 2019 12:00am

Asia's gasoline at five-month high

Asia's gasoline crack rose for the third straight session to hit a five-month high of $5.88 a barrel on Tuesday, supported by firm demand and tightening supplies. Some of the gasoline and gasoline blending components sourced from different parts of Asia b

Published 14 Mar, 2019 12:00am

China's steel, iron ore prices rise on restocking demand

China's steel and iron ore prices rose on Tuesday, supported by expectations that many halted construction activities in the country will resume and new ones will kick off soon, boosting restocking demand for the commodities. The most-active construction

Published 14 Mar, 2019 12:00am

Activities at Karachi and Qasim Ports

The Karachi Port handled 168,951 tonnes of cargo comprising 94,246 tonnes of import cargo and 74,705 tonnes of export cargo including 6,788 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargos of

Published 14 Mar, 2019 12:00am

Cotton

Cotton prices firm on cautious selling by ginners

Prices maintained steady trend on the cotton market on Wednesday as the ginners refrained from selling in a big way in anticipation of rise in rates in coming days, dealers said. The official spot rate unchanged at Rs 8,600, they added. In the ready sessi

Published 14 Mar, 2019 12:00am

CBOT wheat futures surge on technical bounce

CBOT wheat futures surged on Tuesday, with the benchmark Chicago Board of Trade May soft red winter wheat contract jumping 5.5 percent on a round of technical buying and short-covering. On a percentage basis, it was the most-active wheat contract's bigges

Published 14 Mar, 2019 12:00am

Canadian canola futures firmer

ICE Canadian canola futures firmed on Tuesday on short-covering and bargain-buying from recent lows, although the market remains anchored by ample supplies of the oilseed, traders said. Gains were capped by concerns about exports after China, the top cano

Published 14 Mar, 2019 12:00am

PHC restrains NAB from arresting Amir Muqam

The Peshawar High Court (PHC) Wednesday restrained the National Accountability Bureau (NAB) from arresting Pakistan Muslim League - Nawaz (PML-N) leader Amir Muqam without arrest warrants. However, the high court allowed the NAB to continue investigation

Published 14 Mar, 2019 12:00am

Over 1.805 million cases pending before different courts, NA body told

Over 1,805,250 cases are pending in different courts including Supreme Court, Federal Shariat Court, five high courts and district judiciary of the country. The consolidated data showing pendency of cases in the different courts was produced before the Na

Published 14 Mar, 2019 12:00am

Dawood invited as chief guest: Over 200 local, international exhibitors may participate at PAPS 2019: PAAPAM

Pakistan Association of Automotive Parts & Accessories Manufactures (PAAPAM) has invited Prime Minister's Adviser on Commerce, Textile, Industries and Production and Investment, Abdul Razak Dawood as the chief guest for inauguration of Pakistan Auto Parts

Published 14 Mar, 2019 12:00am

Customs Act, 1969: Warehousing period may be extended up to six months

The federal cabinet is likely to extend warehousing period of already warehoused goods of over 1500 consignments till March 25 on the recommendations of Federal Board of Revenue (FBR) which is already on the hit list of Prime Minister Imran Khan. The good

Published 14 Mar, 2019 12:00am

US slams rights record of China and Iran, goes easier on North Korea

Secretary of State Mike Pompeo on Wednesday denounced China and Iran as Washington offered its annual human rights report, while going easier on other countries like North Korea in the name of "US interests." China, often seen as the main strategic advers

Published 14 Mar, 2019 12:00am

Sri Lanka president relents on war crimes probe

Sri Lanka's president backed down Wednesday from a refusal to ask the UN rights body for more time to probe war crimes during the island nation's brutal civil conflict. Sri Lankan government troops were accused of killing at least 40,000 ethnic Tamil civi

Published 14 Mar, 2019 12:00am

Eight dead in Brazil school shooting

A shooting at a school near Sao Paulo on Wednesday left eight people dead, state military police said, before the two shooters turned their weapons on themselves. "Eight people died at the scene, including the two assailants who committed suicide," a stat

Published 14 Mar, 2019 12:00am

Dozens of children trapped in collapsed Lagos building

Dozens of children were among scores of people feared trapped on Wednesday after a four-storey building collapsed in Nigeria's economic capital Lagos, rescuers told AFP, with at least four dead bodies pulled from the rubble. The children were attending an

Published 14 Mar, 2019 12:00am

California suspends death penalty

Governor Gavin Newsom imposed a moratorium on carrying out the death penalty in California on Wednesday, granting a reprieve to 737 condemned inmates - the largest death row population in the United States. Newsom, a Democrat who took office in January, h

Published 14 Mar, 2019 12:00am

Britain expands airport drone no-fly zones

Britain on Wednesday expanded the no-fly zones around airports in response to a spate of drone sightings that temporarily shut down some of London's biggest hubs. The new law extends the radius around which drone flights are not permitted to five kilometr

Published 14 Mar, 2019 12:00am

Washington no longer refers to Golan as 'Israel-occupied'

The US no longer refers to the Golan Heights as an "Israeli-occupied" territory in its latest annual human rights report, published Wednesday, though the State Department insists the wording change doesn't mean a policy change. The report now calls the ar

Published 14 Mar, 2019 12:00am

Shrinking LME stocks push zinc prices to eight-month high

Zinc prices held close to an eight-month high on Wednesday as sinking stocks of the metal on the London Metal Exchange (LME) market fuelled supply concerns even as inventories grew elsewhere. Inventories of zinc in warehouses certified by the LME touched

Published 14 Mar, 2019 12:00am

Cotton

Cotton holds near three-month peak

ICE cotton futures rose more than 1 percent on Wednesday, propelled by concerns of extreme weather conditions in major cotton-growing region Texas, while a slide in the dollar added to the upbeat sentiment. The most active cotton contract on ICE Futures U

Published 14 Mar, 2019 12:00am

Venezuela's Jose oil terminal resumes shipments after blackout

Venezuela's main oil export terminal, Jose, has resumed operations and a shipment of crude for export left its docks for the first time since a blackout halted its main activities last week, according to two sources familiar with the matter and Refinitiv

Published 14 Mar, 2019 12:00am

US crude stockpiles drop unexpectedly last week: EIA

US crude oil stockpiles declined unexpectedly last week as output slipped from record highs and refining rates edged up, while gasoline stocks decreased and distillate inventories rose, the Energy Information Administration said on Wednesday.

Published 14 Mar, 2019 12:00am

Tokyo rubber drops

Tokyo Commodity Exchange (TOCOM) futures, which set the tone for rubber prices in Southeast Asia, surrendered earlier gains to close lower on Wednesday, as a risk-off mood weighed on Shanghai futures and Asia shares. Risk appetite had soured after British

Published 14 Mar, 2019 12:00am

Malaysian palm oil hits three-month low

Malaysian palm oil futures slid for a sixth consecutive session on Wednesday to their lowest in three months on pressure from expectations of lower demand in top importer India and rising domestic production. The benchmark third-month palm oil contract on

Published 14 Mar, 2019 12:00am

Arabica coffee prices rebound, sugar edges up

Arabica coffee futures on ICE edged higher on Wednesday, with the second month rebounding from the 13-year low hit in the prior session, while sugar edged higher. May arabica coffee settled up 1.65 cent, or 1.7 percent, at 97.65 per lb, after trading enti

Published 14 Mar, 2019 12:00am

Gold moves higher in New York

Gold gained on Tuesday as the dollar slipped after tame US inflation data supported the Federal Reserve's 'patient' stance on interest rate hikes, while investors awaited a key Brexit vote later in the day. Spot gold rose 0.4 percent to $1,298.63 per ounc

Published 14 Mar, 2019 12:00am

Gold hits two-week high in Asia

Gold scaled a near two-week peak on Wednesday, after reclaiming the key $1,300 level in the previous session, as investors opted for the safe-haven metal after British lawmakers rejected an amended exit deal, while a weaker dollar lent further support.

Published 14 Mar, 2019 12:00am

Currency

Gold gains in Europe

Gold hit nearly a two-week high on Wednesday as tepid US economic data reinforced views the Federal Reserve would be patient on monetary policy, with bullion's appeal also bolstered by uncertainty over a Brexit deal ahead of a key vote. Spot gold was trad

Published 14 Mar, 2019 12:00am

US MIDDAY: wheat falls

US wheat futures eased 1.2 percent on Wednesday, setting back on a mild round of profit taking after prices posted their biggest rally since last summer on Tuesday. Corn and soyabeans ended higher after weakening overnight and early in the day session as

Published 14 Mar, 2019 12:00am

Currency

US MIDDAY: gold rises

Published 14 Mar, 2019 12:00am

PM approves NTCB for reviving tourism sector

Prime Minister Imran Khan on Wednesday approved National Tourism Coordination Board (NTCB) and working groups to revive the tourism sector in the country. According to a notification, Prime Minister's Special Assistant on overseas Pakistanis Zulfiqar Bukh

Published 14 Mar, 2019 12:00am

Ehsan Malik elected SPL Board chief

The first meeting of the Board of Directors of Sarmaya-e-Pakistan Limited (SPL) on Wednesday unanimously elected Ehsan Malik as board chairman. The Board constituted statutory committees as per requirement of Corporate Governance Rules, 2013. The Board co

Published 14 Mar, 2019 12:00am

Governor vows to facilitate foreign investors

The three member delegation of the Samsung Electronics Pakistan headed by its Managing Director Yong II Chang along with Director Hosoon Choi and head of the company's mobile business division Umar Ghumman called on Governor Sindh Imran Ismail at Governor

Published 14 Mar, 2019 12:00am

Up to Rs 2.5/unit: Nepra reserves determining tariff hike on CPPA-G petition

National Electric Power Regulatory Authority (Nepra) on Wednesday reserved determination on a petition of Central Power Purchasing Agency Guaranteed (CPPA-G) with an expected increase in tariff upto Rs 2.50 per unit with revision in base tariff to recover

Published 14 Mar, 2019 12:00am

Mutual Funds

Packages Limited

Packages Limited is involved in the production and sale of packaging materials and tissue products. The company's history dates back to 1957 when Packages Limited started out as a joint venture between the Ali Group of Pakistan and Akerlund & Rausing of S

Updated 14 Mar, 2019 06:50am

Mutual Funds

Packages Limited

Published 14 Mar, 2019 12:00am

Senate body seeks PSDP's details

Senate Standing Committee on Finance has reprimanded the Finance and Revenue Divisions for delay in submission of details of projects under Public Sector Development Programme (PSDP) for consideration of the committee and its recommendations as required u

Published 14 Mar, 2019 12:00am

13th Citi-PPAF award ceremony held

The 13th Citi-PPAF Micro-entrepreneurship awards ceremony was held here at a local hotel to celebrate outstanding micro-entrepreneurs across Pakistan, equip them to expand their businesses, and raise awareness of the impact of small businesses on communit

Published 14 Mar, 2019 12:00am

Currency

Government committed to bringing reforms in FBR: Hammad

Minister of State for Revenue, Hammad Azhar, Wednesday said that Pakistan Tehreek-e-Insaf (PTI) government will bring fundamental changes in the Federal Board of Revenue (FBR) to make it an effective tax administration body for enhancing narrow tax base o

Published 14 Mar, 2019 12:00am

SBP urges SMEs to benefit from finance policy

While speaking to SMEs based in Sialkot, Syed Samar Hasnain, Executive Director, State Bank of Pakistan said that State Bank has put in place number of refinance facilities both for purchase of plant and machinery for SMEs and working capital finance for

Published 14 Mar, 2019 12:00am

Power Division directed to review inflated gas bills

A meeting of Cabinet Committee on Energy (CCOE) Wednesday reviewed the slabs of gas billing for domestic consumers and the committee chairman directed Petroleum Division to review the inflated bills so as to reduce burden on consumers. The meeting preside

Published 14 Mar, 2019 12:00am

CPBC body opens trading day with gong ceremony at PSX

The Canada Pakistan Business Council (CPBC) led a delegation to visit Pakistan Stock Exchange to open the trading session with the gong ceremony. Canada Pakistan Business Council is a non-profit organisation based in Canada which promotes trade between Ca

Published 14 Mar, 2019 12:00am

Tariff rationalisation: MoC and FBR working in unison: FBR Member

Federal Board of Revenue (FBR) Member Customs-Policy Muhammad Javed Ghani Wednesday said the Ministry of Commerce and the Federal Board of Revenue (FBR) consider tariff rationalisation proposals of the industry and trade jointly and there is no conflict b

Published 14 Mar, 2019 12:00am

Ishrat stresses need for promoting Islamic banking

Adviser to the Prime Minister on Civil Service Reforms and Austerity, Dr Ishrat Hussain on Wednesday stressed the need of promoting Islamic Banking. He stated this while addressing the 7th Global Forum on Islamic Finance. He said that Islamic finance can

Published 14 Mar, 2019 12:00am

Climate change affecting human lives: minister

Punjab Minister for Environment Protection Muhammad Rizwan said here on Wednesday that climate change has become a global issue as it is affecting human lives directly. The minister was speaking at an educational seminar on climate change organized under

Published 14 Mar, 2019 12:00am

Body formed to set up modern trauma centres in Punjab

The Punjab government has constituted a 13-member committee under the chairmanship of the former provincial health minister Dr Tahir Ali Javed for setting up modern trauma centres and launching air-ambulance. The Punjab chief minister Sardar Usman Buzdar

Published 14 Mar, 2019 12:00am

Kartarpur Corridor to open religious tourism: Sarwar

Terming Kartarpur Corridor as historic opportunity for promoting religious tourism, Punjab Governor Chaudhry Mohammad Sarwar said on Wednesday that Pakistan has given goodwill gesture through this initiative and headway will be made in the right direction

Published 14 Mar, 2019 12:00am

'E-GADGET' launched to ensure swift recovery of stolen cellphones

With an aim to control and ensure swift recovery of stolen cellphones, the city police in collaboration with the Punjab Information and Technology Board (PITB) on Wednesday launched a mobile-based application "E-GADGET" for traders through which they will

Published 14 Mar, 2019 12:00am

Bokhari meets PA Speaker

Provincial Information Minister Syed Samsam Ali Shah Bokhari called on Speaker Punjab Assembly Ch Parvez Elahi here on Wednesday and exchanged views on matters of mutual interest including the political situation. Talking on this occasion, Elahi said that

Published 14 Mar, 2019 12:00am

Buzdar terms construction of 5 million houses 'a flagship project'

Punjab Chief Minister Sardar Usman Buzdar has said that construction of five million houses is a flagship project of the PTI government which will fulfil the dream of low-income families. He expressed these views while addressing a meeting which was held

Published 14 Mar, 2019 12:00am

USAID-funded lab opens at Wapda House

US Consul General Colleen Crenwelge Wednesday inaugurated a new state-of-the-art, US-funded Smart Grid Integration Testing Lab at WAPDA House. The lab will allow the Pakistan Information Technology Company (PITC) to monitor electricity consumption through

Published 14 Mar, 2019 12:00am

Punjab to take lead by launching first-ever hybrid housing system

The province of Punjab is expected to take lead on Prime Minister's housing initiatives by introducing Pakistan's first-ever hybrid housing system. According to sources, Punjab government authorities have already studied the concept of hybrid housing syst

Published 14 Mar, 2019 12:00am

Punjab PA adopts bill to raise MPAs' salaries from Rs 83,000 to Rs 0.2 million

Punjab Assembly unanimously passed a private bill seeking raise in salaries of MAPs on Wednesday. The bill was approved by the legislators few hours after it was presented in the House. It was brought for approval after receiving consent from the standing

Published 14 Mar, 2019 12:00am

Currency

LHC registrar returns Ayyan petition

The Lahore High Court's registrar office on Wednesday returned the petition filed on behalf of model Ayyan Ali after raising objection that the petitioner is not in the country. Ayyan sought revocation of her arrest warrants issued by a custom court in a

Published 14 Mar, 2019 12:00am

Partly Facetious : What is an 'educated illiterate'?

"He is very shallow because his mind is very narrow - these are words uttered by a very famous Indian actor in a movie that can be applied to so many people."

Published 14 Mar, 2019 12:00am

Nokia deploys 100G in PTCL network to raise capacity

Nokia has deployed 100G in Pakistan Telecommunication Company Limited (PTCL) network to enhance the capacity and speed of its optical network for both domestic and international traffic. The new transport network supports PTCL in providing faster and more

Published 14 Mar, 2019 12:00am

All set to establish Cyber Security Authority: Siddiqui

Federal Minister for Information Technology and Telecommunications Khalid Maqbool Siddiqui has said the government is all set to establish Cyber Security Authority to deal with cyber threats as future wars would be cyber-based. The minister said this whil

Published 14 Mar, 2019 12:00am

NICL scam: SC gives two weeks to NAB for arresting accused Warraich

The Supreme Court Wednesday granted two weeks to the National Accountability Bureau (NAB) to arrest Mohsin Habib Warraich, the main accused in National Insurance Company Limited (NICL) scam. A three-member bench, headed by Justice Gulzar Ahmed, heard the

Published 14 Mar, 2019 12:00am

Body formed to decide financial scope of ML-I Railway project

Minister for Planning, Development and Reform Khusro Bakhtiar has said an implementation committee has been constituted which would decide about financial scope and phases of ML-I Pakistan Railway project under the China-Pakistan Economic Corridor and sub

Published 14 Mar, 2019 12:00am

Nawaz treatment in Sindh: Fawad terms Bilawal's offer 'a joke'

Federal Information Minister Fawad Chaudhry has suggested Bilawal Bhutto-Zardari to start a march against the government, if he wants so, from Lahore. Chaudhry said on Wednesday that Pakistan People's Party Chairman Bilawal Bhutto's offer of former Prime

Published 14 Mar, 2019 12:00am

Parliament not fully independent: Saad

Incarcerated leader of Pakistan Muslim League-Nawaz (PML-N) Khawaja Saad Rafique on Wednesday said that the country's Parliament is not fully independent because the political parties were not created in the right way. Rafique, who is currently in custody

Published 14 Mar, 2019 12:00am

Humiliation in the name of treatment not acceptable: Nawaz

Former premier Nawaz Sharif has responded to the Punjab government's letter stating therein that humiliation in the name of treatment is not acceptable, it has been learnt through reliable sources. Nawaz Sharif has stated in his reply that he is being mov

Published 14 Mar, 2019 12:00am

Sindh government urged to take notice of heaps of garbage in SITE

SITE Association of Industry (SAI) president Saleem Parekh has urged the Sindh Government to take notice of over garbage accumulation and lack of cleaning in SITE area and instruct the concerned departments to perform their duties. Showing his grievances

Published 14 Mar, 2019 12:00am

Expresses solidarity with Siraj: Bilawal accuses three ministers of having links with outlawed organizations

Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari Wednesday visited the Sindh Assembly to show solidarity with the Speaker, who is facing probe by the NAB on charges of income beyond means. Speaking at a press conference at the assembly buildin

Published 14 Mar, 2019 12:00am

No restriction on import of mobile devices: PTA

In order to facilitate the general public and, as per Telecommunications Act 1996 & Regulation, Pakistan Telecommunication Authority's (PTA) mandate is to ensure that mobile devices being imported conform to technical standards laid down by international

Published 14 Mar, 2019 12:00am

IHC directs CDA to retrieve land meant for football ground

The Islamabad High Court (IHC) on Wednesday directed Member Planning of Capital Development Authority (CDA) to fulfil obligation towards retrieving football ground land in Sector F-8, Islamabad, encroached upon by the lawyers. A four-member larger bench h

Published 14 Mar, 2019 12:00am

IGCEP submitted to Nepra: NTDC estimates peak demand to reach 80,000MW by 2040

National Transmission and Despatch Company (NTDC) has submitted Indicative Generation Capacity Expansion Plan 2018-40 (IGCEP) according to which peak demand will be around over 80,000MW to be produced from all sources. The IGCEP has been submitted to the

Published 14 Mar, 2019 12:00am

Imtiaz Ahmed named NA body chairman

MNA Haji Imtiaz Ahmed Choudhary has been elected unanimously as Chairman of National Assembly Standing Committee on Postal Services. The meeting for the election of chairman of the Standing Committee on Postal Services was held at the Parliament House on

Published 14 Mar, 2019 12:00am

ECO SG takes up trade, cultural issues with Tehmina

The Secretary General of the Economic Cooperation Organisation (ECO) Dr Hadi Soleimanpour called on Foreign Secretary Tehmina Janjua at the Foreign Office Wednesday and exchanged views on issues of mutual interest. Dr Hadi Soleimanpour is visiting Pakista

Published 14 Mar, 2019 12:00am

Omar briefs EU envoy about new renewable energy policy

Pakistan's new renewable energy policy will help reduce carbon footprint drastically by increasing its share to 30 percent from existing 4 percent by year 2030 and together with hydel resources, the clean and green resources' share for electricity generat

Published 14 Mar, 2019 12:00am

Business Leaders Summit: government accords priority to revive national economy: Qureshi

Foreign Minister Shah Mehmood Qureshi said on Wednesday that priority of present government is to revitalise the national economy. Addressing the Business Leaders Summit here at a local hotel, he said six months ago when Pakistan Tehreek-e-Insaf (PTI) cam

Published 14 Mar, 2019 12:00am

Qasr-e-Naz incident: Toxic pesticide blamed for deaths of five siblings

The tragic Qasr-e-Naz incident, claiming six lives was caused by a highly toxic pesticide fumigation carried out inside the guesthouse room, revealed the police investigations, almost three weeks after the incident. On Feb 22, five siblings and their pate

Published 14 Mar, 2019 12:00am

Previous Day

Forex
World
Commodity

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

Gainers
Losers
Leaders

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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