News Archives for Print - 2019-03-18

Karachi under global cricket focus

Quetta Gladiators finally claimed the elusive HBL Pakistan Super League 2019 title after beating Peshawar Zalmi by six wickets on Sunday at National Stadium Karachi. Sarfraz led Gladiators reached the final for the third time but only came out successfull

Published 18 Mar, 2019 12:00am

Karachi under global cricket focus

Quetta Gladiators finally claimed the elusive HBL Pakistan Super League 2019 title after beating Peshawar Zalmi by six wickets on Sunday at National Stadium Karachi. Sarfraz led Gladiators reached the final for the third time but only came out successfull

Published 18 Mar, 2019 12:00am

PSM revival plan likely to be delayed

Pakistan Steel Mills (PSM) revival plan is likely to be delayed as its Board of Directors (BoD) has directed the management to convey to the government that the study requires technical audit of the plant prior to submission to the Economic Co-ordination

Published 18 Mar, 2019 12:00am

PSM revival plan likely to be delayed

Pakistan Steel Mills (PSM) revival plan is likely to be delayed as its Board of Directors (BoD) has directed the management to convey to the government that the study requires technical audit of the plant prior to submission to the Economic Co-ordination

Published 18 Mar, 2019 12:00am

PSM revival plan likely to be delayed

Pakistan Steel Mills (PSM) revival plan is likely to be delayed as its Board of Directors (BoD) has directed the management to convey to the government that the study requires technical audit of the plant prior to submission to the Economic Co-ordination

Published 18 Mar, 2019 12:00am

Equities remain gloomy

Pakistan Stock Exchange remained under pressure during the outgoing week ended on March 15, 2019 due to selling in various sectors. BRIndex100 lost 90.75 points on week-on-week basis to close at 4,017.16 points. Average daily volumes stood at 85.266 milli

Published 18 Mar, 2019 12:00am

Equities remain gloomy

Pakistan Stock Exchange remained under pressure during the outgoing week ended on March 15, 2019 due to selling in various sectors. BRIndex100 lost 90.75 points on week-on-week basis to close at 4,017.16 points. Average daily volumes stood at 85.266 milli

Published 18 Mar, 2019 12:00am

Equities remain gloomy

Pakistan Stock Exchange remained under pressure during the outgoing week ended on March 15, 2019 due to selling in various sectors. BRIndex100 lost 90.75 points on week-on-week basis to close at 4,017.16 points. Average daily volumes stood at 85.266 milli

Published 18 Mar, 2019 12:00am

Futures spread up by 5018 basis points

The futures spread increased by 5018bps to 10.50 percent on the last day of the outgoing week. Trading activities on the futures counter improved significantly as average daily volumes increased by 45.8 percent to 54.70 million shares. Average daily tradi

Published 18 Mar, 2019 12:00am

Futures spread up by 5018 basis points

The futures spread increased by 5018bps to 10.50 percent on the last day of the outgoing week. Trading activities on the futures counter improved significantly as average daily volumes increased by 45.8 percent to 54.70 million shares. Average daily tradi

Published 18 Mar, 2019 12:00am

Currency

THE RUPEE: mixed patterns

The rupee moved both ways against the dollar during the week, ended on March 16, 2019. The rupee recovered 53 paisas in terms of the dollar for buying and selling at Rs 139.27 and Rs 139.29.

Published 18 Mar, 2019 12:00am

Currency

THE RUPEE: mixed patterns

The rupee moved both ways against the dollar during the week, ended on March 16, 2019. The rupee recovered 53 paisas in terms of the dollar for buying and selling at Rs 139.27 and Rs 139.29.

Published 18 Mar, 2019 12:00am

Trump slammed for 'silence' on white supremacist threat

Democrats led by an Arab-American lawmaker attacked President Donald Trump's "silence" on the rise of white supremacy Sunday as reaction to the New Zealand mosque massacre spilled into a heated US debate over religious and racial bigotry. With controversy

Published 18 Mar, 2019 12:00am

Graves prepared as New Zealand looks to bury mosque massacre dead

Dozens of graves were being dug in a Christchurch cemetery on Monday for the 50 worshippers killed in two mosque attacks, as families clamoured for the return of their dead. Coroners said they hoped to let grieving relatives fulfil Islamic burial customs

Published 18 Mar, 2019 12:00am

Taliban capture 50 border police as fighting intensifies in western Afghanistan

At least 50 members of the Afghan security forces have surrendered to the Taliban in a fight for control of Afghanistan's western province of Badghis, local officials said.

Published 18 Mar, 2019 12:00am

Protesters block Serbian presidential palace

Thousands of demonstrators rallied around Serbia's presidential palace in Belgrade on Sunday, accusing President Aleksandar Vucic of authoritarianism and muzzling the media. The protest came a day after opposition supporters stormed a state-run television

Published 18 Mar, 2019 12:00am

Memory of Christchurch martyrs: National flag will fly at half-mast today

Pakistani flag will remain today (Monday) at half-mast at all national buildings to mourn the deaths of Pakistanis who were martyred in the terrorist attacks on mosques in New Zealand. According to a notification issued by Ministry of Interior on Sunday,

Published 18 Mar, 2019 12:00am

Memory of Christchurch martyrs: National flag will fly at half-mast today

Pakistani flag will remain today (Monday) at half-mast at all national buildings to mourn the deaths of Pakistanis who were martyred in the terrorist attacks on mosques in New Zealand. According to a notification issued by Ministry of Interior on Sunday,

Published 18 Mar, 2019 12:00am

Power losses to zero: PD directed to prepare comprehensive plan

Federal government is likely to increase power and gas tariffs by 25 per cent and 41 per cent respectively from next financial year on the basis of zero losses, well informed sources told Business Recorder. Power Division, sources said, has already

Published 18 Mar, 2019 12:00am

Power losses to zero: PD directed to prepare comprehensive plan

Federal government is likely to increase power and gas tariffs by 25 per cent and 41 per cent respectively from next financial year on the basis of zero losses, well informed sources told Business Recorder. Power Division, sources said, has already

Published 18 Mar, 2019 12:00am

Power losses to zero: PD directed to prepare comprehensive plan

Federal government is likely to increase power and gas tariffs by 25 per cent and 41 per cent respectively from next financial year on the basis of zero losses, well informed sources told Business Recorder. Power Division, sources said, has already

Published 18 Mar, 2019 12:00am

Rouhani inaugurates four new phases of South Pars gas field

Iranian President Hassan Rouhani formally inaugurated four new phases of South Pars, the world's largest gas field, on Sunday, according to a statement posted by the Iranian oil ministry on Twitter. Iran has invested $11 billion to complete the four phase

Published 18 Mar, 2019 12:00am

Rouhani inaugurates four new phases of South Pars gas field

Iranian President Hassan Rouhani formally inaugurated four new phases of South Pars, the world's largest gas field, on Sunday, according to a statement posted by the Iranian oil ministry on Twitter. Iran has invested $11 billion to complete the four phase

Published 18 Mar, 2019 12:00am

Rouhani inaugurates four new phases of South Pars gas field

Iranian President Hassan Rouhani formally inaugurated four new phases of South Pars, the world''s largest gas field, on Sunday, according to a statement posted by the Iranian oil ministry on Twitter. Iran has invested $11 billion to complete the four phas

Published 18 Mar, 2019 12:00am

Bomb targeting train kills four in Naseerabad

At least four people were killed and seven injured when a remote-controlled bomb exploded on a railway line in Nasirabad as a passenger train was passing by, police said. The incident occurred in 311 kilometres (194 miles) south-east of the provincial cap

Published 18 Mar, 2019 12:00am

Bomb targeting train kills four in Naseerabad

At least four people were killed and seven injured when a remote-controlled bomb exploded on a railway line in Nasirabad as a passenger train was passing by, police said. The incident occurred in 311 kilometres (194 miles) south-east of the provincial cap

Published 18 Mar, 2019 12:00am

India's former defence minister Parrikar dies

India's former defence minister Manohar Parrikar, a close aide of Prime Minister Narendra Modi, passed away on Sunday at the age of 63. Parrikar had undergone months of treatment for pancreatic cancer before his death, Indian officials said. Modi describe

Published 18 Mar, 2019 12:00am

India's former defence minister Parrikar dies

India's former defence minister Manohar Parrikar, a close aide of Prime Minister Narendra Modi, passed away on Sunday at the age of 63. Parrikar had undergone months of treatment for pancreatic cancer before his death, Indian officials said. Modi describe

Published 18 Mar, 2019 12:00am

FBR estimates tax gap of ST, IT at 65 percent, 57 percent respectively

Federal Board of Revenue (FBR) has preliminary estimated tax gap of sales tax and income tax at 65 percent and 57 percent respectively, according to the latest data compiled by FBR. Sources told Business Recorder that the tax gap of sales tax and i

Published 18 Mar, 2019 12:00am

FBR estimates tax gap of ST, IT at 65 percent, 57 percent respectively

Federal Board of Revenue (FBR) has preliminary estimated tax gap of sales tax and income tax at 65 percent and 57 percent respectively, according to the latest data compiled by FBR. Sources told Business Recorder that the tax gap of sales tax and i

Published 18 Mar, 2019 12:00am

FBR estimates tax gap of ST, IT at 65 percent, 57 percent respectively

Federal Board of Revenue (FBR) has preliminary estimated tax gap of sales tax and income tax at 65 percent and 57 percent respectively, according to the latest data compiled by FBR. Sources told Business Recorder that the tax gap of sales tax and i

Published 18 Mar, 2019 12:00am

UK government warns it might not hold pivotal Brexit vote

British leader Theresa May's government warned Sunday it might not hold a planned Brexit vote this week unless it feels it can secure a win that avoids a lengthy delay to pulling out of the EU. London has been paralysed by political inaction and chaos as

Published 18 Mar, 2019 12:00am

UK government warns it might not hold pivotal Brexit vote

British leader Theresa May's government warned Sunday it might not hold a planned Brexit vote this week unless it feels it can secure a win that avoids a lengthy delay to pulling out of the EU. London has been paralysed by political inaction and chaos as

Published 18 Mar, 2019 12:00am

Deferred payment facility for UAE oil

The United Arab Emirates (UAE) deferred oil facility of 3.2 billion dollars announced by a senior Pakistani official privy to discussions between Crown Prince Sheikh Muhammed bin Zayed Al-Nahyan and Prime Minister Imran Khan during their three interaction

Updated 18 Mar, 2019 09:29am

Promoting tourism

Prime Minister Imran Khan formally inaugurated on Thursday his plan to encash Pakistan's massive tourism potential with the launch of a new visa policy for foreign visitors. People from 175 countries are to be issued three-month e-visas within seven to 10

Updated 18 Mar, 2019 09:28am

The reasons for market uncertainty

The pervasive air of economic uncertainty continues to prevail in the country in spite of repeated assurances by Prime Minister Imran Khan, faithfully echoed by Finance Minister Asad Umer, that the economy is on the path towards recovery. The reason: with

Published 18 Mar, 2019 12:00am

Winning the psychological warfare

The war is over. No Yes, the escalation is less apparent but the danger has not passed. These are the comments we are hearing as the recent initiation of war between India and Pakistan takes a military pause. The signs of normalization are weak, but there

Published 18 Mar, 2019 12:00am

Streaming wars heat up as rivals queue up to challenge Netflix

Some of the biggest names in media and tech are gearing up to move into streaming, in what could be a major challenge to market leader Netflix. Apple is expected to make its move with an announcement March 25 on its media plans, with a war chest estimated

Published 18 Mar, 2019 12:00am

The Hindutva card

What quite important for global attention is the inequality that continues to drive rights violations around the world, says UN Commissioner for Human Rights Michelle Bachelet in her annual report to the UN Human Rights Council. One of the countries that

Published 18 Mar, 2019 12:00am

IDPs of LoC belt will return to their native places anytime soon: AJK PM

AJK Prime Minister Raja Farooq Haider Khan said that the unprovoked Indian firing-affected population hailing from close to this side of the Line of Control in AJK who were temporarily shifted to the camps at safer places in parts of the State would soon

Published 18 Mar, 2019 12:00am

New Zealand's mosques tragedy termed 'barbaric act'

Chief Minister Punjab Sardar Usman has expressed deep sense of sorrow over the loss of precious human lives including Pakistanis in the fatal incident of the firing in mosques in New Zealand. While commiserating with the bereaved families of martyrs, CM s

Published 18 Mar, 2019 12:00am

'Government to eradicate menace of corruption from society'

Member Punjab Assembly (MPA) Syeda Farah Azmi while addressing a ceremony to deliberate on the "Need and importance of performance assessment of the elected representatives" said that Govt. is paying maximum attention to address the grievances of the peop

Published 18 Mar, 2019 12:00am

Buzdar condemns bomb blast at railway line

Chief Minister Punjab Sardar Usman Buzdar has strongly condemned the incident of bomb blast at railway line of Rabbi, Naseer Abad a district of Balochistan. The Chief Minister has expressed deep sense of sorrow and grief over the loss of precious human li

Published 18 Mar, 2019 12:00am

Murad apprised about Thar's relief works

The Deputy Commissioner Tharparkar Muhammad Asif Jameel in his daily report submitted to Sindh Chief Minister, has informed that 186 children in gasping/critical condition were admitted in different government hospitals at district and Taluka level. 52 ou

Published 18 Mar, 2019 12:00am

Country's per acre sugarcane production lags behind developed nations

Although Pakistan is considered the 5th largest sugarcane producing country in term of area worldwide but its average per acre sugarcane production is far behind the developed nations. This concern was shown at the graduation ceremony of advanced certific

Published 18 Mar, 2019 12:00am

Tributes paid to Ch Rehmat, Professor Dr Aslam

Rich tributes were paid to Ch Rehmat Elahi, an old guard of the Jamaat-e-Islami and a close associate of Maulana Syed Abul Ala Maudoodi, and eminent educationist and preacher, Professor Dr Muhammad Aslam Siddiqui, at a memorial reference held in their hon

Published 18 Mar, 2019 12:00am

Punjab to promote kitchen gardening culture

Provincial agriculture department has formulated a comprehensive plan for the promotion of kitchen gardening culture across the Punjab. Sources in agriculture department told Business Recorder on Sunday that under the plan the department will be so

Published 18 Mar, 2019 12:00am

BMP urges government to revisit FBR's power of arrest

The Businessmen Panel (BMP) for FPCCI said FBR raiding teams have been given a go-ahead to conduct raids arbitrarily and unilaterally on any premises without any warrant of area magistrate prior notice or giving the accused a chance of explanation, on the

Published 18 Mar, 2019 12:00am

Tanoli made FPCCI committee's convener

President FPCCI Engr Daroo Khan Achakzai appointed M Saleem Khan Tanoli Chief Executive Officer FAKT Exhibition (Pvt.) Ltd., as Convener of FPCCI Central Standing Committee on "International Relation" for 2019. He is authorized to appoint maximum 9 member

Published 18 Mar, 2019 12:00am

Three bodies found in Karachi

Police on Sunday claimed to have recovered dead bodies of two men and a woman from separate city neighbourhoods, while two youths sustained bullet injuries at the Sea View. Police said two brothers named Talha and Muhamamad Hassan son of Muhamamd Waseem b

Published 18 Mar, 2019 12:00am

Musharraf shifted to hospital

Former president and Army Chief General Pervez Musharraf (retd) has been shifted to a hospital in Dubai after his health condition deteriorated. Family members of former president have appealed to people of Pakistan to pray for his health.

Published 18 Mar, 2019 12:00am

Pendency of appeals FBR urged to provide info before CIR forum

The Federal Board of Revenue (FBR) has been urged to provide information regarding pendency of appeals before first appellate forum (Commissioner Inland Revenue-Appeals) under Income Tax Ordinance, 2001 and Sales Tax Act, 1990 and revenue involved in thes

Published 18 Mar, 2019 12:00am

JETRO chief, Razak meeting ends on promising note

A very fruitful meeting between the Chairman & CEO of Japan External Trade Organization (JETRO), Hiroyuki Ishige and the Adviser to Prime Minister on Commerce, Textiles, Industries, Production & Investment, Abdul Razak Dawood was held at a local hotel onS

Published 18 Mar, 2019 12:00am

Adviser orders inquiry into medical student's death

Adviser to Sindh Chief Minister on Information & Archives, Law, and Anti-Corruption Barrister Murtaza Wahab on Sunday while taking notice of the mysterious death of a student of medical college in Mirpurkhas, Baby Murri, directed the police authorities to

Published 18 Mar, 2019 12:00am

Fake accounts case: 'Legal team advises Zardari not to appear before NAB'

Legal team of Pakistan Peoples Party (PPP) Co-chairman Asif Ali Zardari has advised him to not appear before National Accountability Bureau (NAB) in fake bank accounts case. The team has also suggested PPP chairman Bilawal Bhutto to not visit the bureau o

Published 18 Mar, 2019 12:00am

President visits homes of Christchurch martyrs' families

President Dr Arif Alvi visited the house of Zeeshan Ahmad in Karachi on Sunday, who along with his father Ghulam Hussain, and mother Karam Bibi, were martyred in Christchurch, New Zealand terrorist attack. The President offered fateha for the departed sou

Published 18 Mar, 2019 12:00am

'Mucca & Rustom Cowasjee wing' opens at PGTI Kidney Centre

An inauguration ceremony was held for the newly reconstructed and remodelled 'Mucca & Rustom Cowasjee Emergency Wing'at the Kidney Centre Post-Graduate Training Institute. The state-of-the-art emergency wing have a centrally located clinical workstation,

Published 18 Mar, 2019 12:00am

Sharifs neither trust Pakistani doctors nor infirmaries: Fawad

Federal Information Minister Fawad Chaudhry on Sunday said that Nawaz Sharif and his family are not trusting Pakistani doctors and hospitals which they had built during their over 30 years tenure and insisting that Nawaz be sent to the hospital in London

Published 18 Mar, 2019 12:00am

PBIF chief vows to attract international support for Pakistan

Pakistan Businessmen and Intellectuals Forum (PBIF) president Mian Zahid Hussain has emphasized that all the resources and capabilities will be used to attract international support in Pakistan's favour and to stop India from using the neutral internation

Published 18 Mar, 2019 12:00am

US-owned GPS: Military reliance will be reduced after use of China's Beidou satellite

Pakistani military reliance on the US-owned Global Positioning System (GPS) will be reduced after the use of China's Beidou satellite navigation system which is projected to achieve global coverage by 2020. This was the crux of background discussions with

Published 18 Mar, 2019 12:00am

PM announces posthumous award for martyred Naeem Rashid

Prime Minister Imran Khan on Sunday said that Pakistani national Naeem Rashid, who was martyred in Friday's terrorist attack on two mosques in Christchurch, New Zealand, will be recognised for his courage with a national award. The prime minister also ann

Published 18 Mar, 2019 12:00am

Prices of kitchen items go up in retail market

A considerably increase in prices of vegetable, sugar, flour, pulses ,except chicken meat and eggs was noticed in retail market, according to survey carried out by Business Recorder here on Sunday. Traders in the provincial capital's local market s

Published 18 Mar, 2019 12:00am

Tribesmen slam killing of eight Pakistanis in Afghanistan

The members of Wazir Grand Jirga staged a protest demonstration against the killing of eight tribesmen from Norrth Waziristan in Afghanistan The protest was held in the border village of Angur Adda in South Waziristan. Speaking on the occasion, the partic

Published 18 Mar, 2019 12:00am

Transporters protest continues against toll tax in Jamrud

Transporters and residents on Sunday continued protest demonstration in Takkya area of Landi kotal sub-division against illegal tax collection on a toll plaza established in Jamrud subdivision about three months ago. The protesters were carrying placards

Published 18 Mar, 2019 12:00am

Professor Bakht takes over as AUP VC

Professor Jehan Bakht has taken charge as Vice Chancellor of Agriculture University Peshawar (AUP) for a period of three years. Dr Bakht has also worked as vice chancellor in Swat University and Khushal Khan University, Karak.

Published 18 Mar, 2019 12:00am

Cotton

Weekly Review: Cotton prices witness upward trend

The upward trend was seen in the prices of cotton. Textile mills were active and involved in buying due to which buying was increased. The market trend shows that prices of cotton may increase in the coming days. The new season is about to start and gover

Published 18 Mar, 2019 12:00am

Fire erupts at FTC building

A mysterious high intensity fire erupted at a floor of Finance and Trade Centre (FTC) building located in the busiest Sharea-e-Faisal here in the wee hours of Sunday. The fire erupted at around 2:30am on the six floor of the multi-story building that hous

Published 18 Mar, 2019 12:00am

India, Pakistan threatened to unleash missiles at each other

The sparring between India and Pakistan last month threatened to spiral out of control and only interventions by US officials, including National Security Advisor John Bolton, headed off a bigger conflict, five sources familiar with the events said. At on

Published 18 Mar, 2019 12:00am

'Academic freedom and quality research fetch social change' an interview with Muhammad Azfar Nisar, Assistant Professor Public Policy & Management, Suleman Dawood School of Business (SDSB), LUMS

Muhammad Azfar Nisar is an Assistant Professor of Public Policy & Administration at the Suleman Dawood School of Business. Dr. Nisar obtained his PhD in Public Administration and Policy from Arizona State University, USA in 2016. His doctoral dissertation

Published 18 Mar, 2019 12:00am

'Academic freedom and quality research fetch social change' an interview with Muhammad Azfar Nisar, Assistant Professor Public Policy & Management, Suleman Dawood School of Business (SDSB), LUMS

Muhammad Azfar Nisar is an Assistant Professor of Public Policy & Administration at the Suleman Dawood School of Business. Dr. Nisar obtained his PhD in Public Administration and Policy from Arizona State University, USA in 2016. His doctoral dissertation

Published 18 Mar, 2019 12:00am

Visa to mother of martyred Naeem issued: Qureshi

Foreign Minister Shah Mehmood Qureshi says visa to the mother of Shaheed Naeem Rashid has been issued so that she can attend last rituals of her son in New Zealand. In a statement, he said that the government is facilitating relatives of Pakistani citizen

Published 18 Mar, 2019 12:00am

US, UK, China top in export of country's products

The United States of America (USA) remained the top export destinations of the Pakistani products during the first seven months of the current fiscal year, followed by United Kingdom and China. The total exports to the USA during July-January (2018-19) we

Published 18 Mar, 2019 12:00am

ECO secretary general's official visit concludes

Dr Hadi Soleimanpour, Secretary General Economic Cooperation Organization (ECO), concluded his three-day official trip to Pakistan. This was his maiden visit since he assumed responsibilities as the Secretary General ECO. During the visit the Secretary Ge

Published 18 Mar, 2019 12:00am

Rashid's threat to Bilawal can't be ignored: Nafisa Shah

Secretary Information Pakistan Peoples Party Parliamentarians Dr Nafisa Shah has said that the Party will not ignore Shaikh Rashid's threat to Chairman PPP Bilawal Bhutto Zardari. She said that Shaikh Rasheed has been a facilitator of terrorist organizati

Published 18 Mar, 2019 12:00am

Saeed Ghani demands NAB chief's resignation

Pakistan Peoples Party leader Saeed Ghani said it is surprising that Chairman NAB has not yet resigned despite the fact that Brigadier Asad Munir's suicide is a cry for help against NAB. In a statement on Sunday, Saeed Ghani said that NAB has become a sym

Published 18 Mar, 2019 12:00am

Impressive ceremony marks end of HBL-PSL-4

Curtains fell on the HBL Pakistan Super League 2019 with an impressive and simple closing ceremony that was attended by Chief of the Army Staff General Qamar Javed Bajwa, Sindh Chief Minister Syed Murad Ali Shah, and PCB chairman Ehsan Mani. The 'city of

Published 18 Mar, 2019 12:00am

More than 100 dead after cyclone hits Mozambique, Zimbabwe

More than 100 people have died and many more are missing in Mozambique and neighbouring Zimbabwe on Sunday after tropical cyclone Idai barrelled across the southern African nations with flash floods and ferocious winds. Authorities in Zimbabwe said the to

Published 18 Mar, 2019 12:00am

Mexico journalist slain, third this year

A Mexican journalist shot dead at his home has become the third newsman killed so far this year in Mexico, authorities said Saturday. The killing of Santiago Barroso adds to a toll of more than 100 media workers murdered in the country over the last seven

Published 18 Mar, 2019 12:00am

New York Senator Kirsten announces presidential run

New York Senator Kirsten Gillibrand on Sunday officially announced she would seek the Democratic party's nomination for the 2020 presidential election, taking aim at Donald Trump as she formally joined the crowded field of challengers. In a video released

Published 18 Mar, 2019 12:00am

Landslide in northern China kills 10

A landslide in northern China has killed at least 10 people and left 10 missing, state media reported on Sunday, after several buildings were demolished in the disaster. Seven people were found dead at the scene and another three died in hospital, accordi

Published 18 Mar, 2019 12:00am

French government under pressure after 'yellow vest' rampage

The French government faced heavy criticism Sunday over failing to maintain law and order during an arson and looting rampage by "yellow vest" protesters along the famous Champs-Elysees in Paris. Some 80 shops and businesses along the avenue were vandalis

Published 18 Mar, 2019 12:00am

Trump calls for 'Space Force', nations talk space peace

On the surface, this looks like a terrible moment for the world's major military powers to negotiate a deal on preventing an arms race in space. Last month, UN chief Antonio Guterres warned that the global disarmament architecture was "collapsing," citing

Published 18 Mar, 2019 12:00am

Flash floods kill at least 58 in Indonesia's Papua

Flash floods in Indonesia's eastern Papua province have killed at least 58 people, an official said Sunday, as rescuers battled mud, rocks and fallen trees in the hunt for survivors. The death toll was expected to rise as emergency services struggled to r

Published 18 Mar, 2019 12:00am

Two dead and dozens injured after Indonesia quake

At least two people were killed and dozens injured Sunday after an earthquake on the Indonesian tourist island of Lombok triggered a landslide, officials said. The 5.5-magnitude quake is thought to have caused the landslide at the Tiu Kelep waterfall in t

Published 18 Mar, 2019 12:00am

'Suspicious package' shutters Dunedin airport

New Zealand police closed Dunedin airport late Sunday after a suspicious device was reported on the airfield. "Dunedin Airport is currently closed" a statement said. "Police are at the scene and specialist teams have been deployed to determine the nature

Published 18 Mar, 2019 12:00am

Syria force says 'thousands' still inside last IS pocket

US-backed forces said Sunday thousands of people were believed to still be inside the last Islamic State group enclave in eastern Syria, as they sought to flush out die-hard fighters with airstrikes and shelling. Tens of thousands of dishevelled women, ch

Published 18 Mar, 2019 12:00am

Philippines out of ICC

The Philippines was officially out of the International Criminal Court on Sunday, though the beleaguered tribunal has pledged to pursue its examination of alleged illegal killings in the government's drug war. Under court rules, Manila's withdrawal took f

Published 18 Mar, 2019 12:00am

At least 8 dead as gunmen storm Mali army camp

At least eight people were killed on Sunday in a raid by suspected jihadists on an army camp in central Mali, military and security sources said, warning the toll could rise. Driving cars and motorbikes, the attackers stormed Dioura army camp in the Mopti

Published 18 Mar, 2019 12:00am

Black boxes show 'similarities' between Ethiopia, Lion Air crashes

Black box data indicate "clear similarities" between last week's crash of an Ethiopian Airlines jet and the October crash of an Indonesian Lion Air plane, Ethiopia's transport minister said Sunday. The parallels will be "subject of further study during th

Published 18 Mar, 2019 12:00am

Wall Street week ahead: US funds focus on media stocks, banks to find value as mid-caps rally

The S&P 400 Mid-Cap index has surged to its best start to a year since 1991, both rewarding fund managers and forcing them to work harder to seek out bargains in a group that is now the most expensive part of the US market based on their historical averag

Published 18 Mar, 2019 12:00am

African Jumia pushes ahead with New York listing

Jumia, the African e-commerce company of German start-up investor Rocket Internet, has filed for a New York initial public offering, which could value the firm at $1.6 billion or more. Jumia, founded in 2012 offers online shopping, logistics and payment s

Published 18 Mar, 2019 12:00am

Crown and zloty seen up

The crown is expected to gain almost 2 percent against the euro in the coming year as the Czech central bank keeps raising interest rates to fight inflation, a Reuters poll found. According to a March 1-6 Reuters poll of analysts, the crown is expected to

Published 18 Mar, 2019 12:00am

Currency

Kazakh bonds catch eye of Russia-wary investors

How do bond investors respond when the Russian market takes a hit from Western sanctions? Some are readying to go south too - literally - to Kazakhstan, where a new breed of local currency bonds is arousing interest. Bankers in the country's financial cap

Published 18 Mar, 2019 12:00am

Currency

Kazakh bonds catch eye of Russia-wary investors

How do bond investors respond when the Russian market takes a hit from Western sanctions? Some are readying to go south too - literally - to Kazakhstan, where a new breed of local currency bonds is arousing interest. Bankers in the country's financial cap

Published 18 Mar, 2019 12:00am

TSE to disclose in English, keep market cap above Y25 billion

The Tokyo Stock Exchange (TSE) is considering a minimum market capitalisation of 25 billion yen ($223.87 million) and disclosure in English as requirements for companies to stay listed on its first-section, or the main board, the Nikkei financial daily re

Published 18 Mar, 2019 12:00am

Currency

South African rand's recent slump is over, risks priced in

The recent slump in South Africa's rand is over and the currency will hover around current levels in the coming year as investors shrug off credit rating reviews and domestic elections, a Reuters poll found. At the time of the last poll in early February

Published 18 Mar, 2019 12:00am

Currency

Saudi index dips ahead of FTSE Russell inclusion

Saudi stocks dipped slightly on Sunday, a day ahead of the market's inclusion in the FTSE Russell's emerging market index, while other Gulf markets were mixed with Qatar down 1.1 percent on weakness in banks and real estate firms. Investors booked profits

Published 18 Mar, 2019 12:00am

Mutual Funds

Saudi stocks set to receive $20 billion windfall even as some investors sit out

Saudi Arabia's inclusion in major emerging markets stock indices from Monday is likely to suck in around $20 billion in passive inflows, but unease after Jamal Khashoggi's murder and sluggish reforms could lead some active foreign investors to steer clear

Published 18 Mar, 2019 12:00am

Currency

'Short' pound bets fade three weeks before Brexit

Before Britain is due to exit the European Union, interest in selling the pound against the dollar and euro is dwindling as currency traders bet that the worst-case scenario of a no-deal Brexit will be averted. Overall positioning still implies a degree o

Published 18 Mar, 2019 12:00am

Protesters hold rallies for jobless Sudanese

Crowds of protesters rallied Sunday in Sudan to show solidarity with the unemployed, witnesses said, amid an economic crisis that has fuelled months of demonstrations against President Omar al-Bashir's rule. Deadly protests have rocked the east African co

Published 18 Mar, 2019 12:00am

Currency	Rate
USD PKR Interbank Selling / Apr 14	280.68
USD PKR Interbank Buying / Apr 14	280.48
USD to Japanese Yen / Apr 14	143.11
USD to Swiss Franc / Apr 14	0.82
Pound Sterling to USD / Apr 14	1.32
Euro to USD / Apr 14	1.14
UK LIBOR % / Apr 14	4.96

Stock	Volume
S&P 500 / Apr 14	5,405.97
India Sensex / Apr 14	76,852.06
Tokyo Nikkei / Apr 14	34,285.02
Nasdaq / Apr 14	16,831.48
Hang Seng / Apr 14	21,395.12
FTSE 100 / Apr 14	8,134.34
Dow Jones / Apr 14	40,524.79
Germany DAX 30 / Apr 14	20,954.83
France CAC40 / Apr 14	7,273.12

Item	Value
Crude Oil USD/Barrel / Apr 14	61.57
Karachi Cotton PKR/37.32 KG / Apr 14	16,785
Gold 10 Grams PKR / Apr 14	290,466
Gold Spot USD/Ounce / Apr 14	3,225.26
Cotton US¢/pound / Apr 14	65.64
Petrol/Litre / Apr 15	254.63
Diesel/Litre / Apr 15	258.64

Stock	Price
Tariq Corporation / Apr 15 Tariq Corporation Limited(TCORP)	16.16 ▲ 1.47 (10.01%)
Sanghar Sugar / Apr 15 Sanghar Sugar Mills Limited(SANSM)	55.51 ▲ 5.05 (10.01%)
S.S.Oil / Apr 15 S.S.Oil Mills Limited(SSOM)	202.14 ▲ 18.38 (10%)
PIA Holding Co.B / Apr 15 PIA Holding Company Limited B(PIAHCLB)	1,608.64 ▲ 146.24 (10%)
ZIL Limited / Apr 15 ZIL Limited(ZIL)	354.79 ▲ 32.25 (10%)
Maqbool Tex. / Apr 15 Maqbool Textile Mills Limited(MQTM)	33.50 ▲ 2.98 (9.76%)
Sunrays Textile / Apr 15 Sunrays Textile Mills Limited(SUTM)	94 ▲ 8.19 (9.54%)
Masood Textile / Apr 15 Masood Textile Mills Limited(MSOT)	61.99 ▲ 5.19 (9.14%)
Chenab Ltd (Pref) / Apr 15 Chenab Limited (Pref)(CLCPS)	3.10 ▲ 0.25 (8.77%)
IGI Life Ins / Apr 15 IGI Life Insurance Limited(IGIL)	18.88 ▲ 1.5 (8.63%)

Stock	Price
Pak Tobacco / Apr 15 Pakistan Tobacco Company Limited(PAKT)	1,145.06 ▼ -124.57 (-9.81%)
Sec. Inv. Bank / Apr 15 Security Investment Bank Limited(SIBL)	10.31 ▼ -1.07 (-9.4%)
Ruby Textile / Apr 15 Ruby Textile Mills Limited(RUBY)	7.05 ▼ -0.72 (-9.27%)
I.C.C. Ind. / Apr 15 ICC Industries Limited(ICCI)	11 ▼ -0.64 (-5.5%)
Ali Asghar / Apr 15 Ali Asghar Textile Mills Limited(AATM)	43 ▼ -2.15 (-4.76%)
Stylers International / Apr 15 Stylers International Limited(STYLERS)	40 ▼ -2 (-4.76%)
Unicap Modaraba / Apr 15 Unicap Modaraba(UCAPM)	3 ▼ -0.15 (-4.76%)
J.A.Textile / Apr 15 J.A. Textile Mills Limited(JATM)	23.50 ▼ -0.98 (-4%)
Amreli Steels / Apr 15 Amreli Steels Limited(ASTL)	21.50 ▼ -0.76 (-3.41%)
Chashma / Apr 15 Chashma Sugar Mills Limited(CHAS)	60 ▼ -2 (-3.23%)

Stock	Volume
Cnergyico PK / Apr 15 Cnergyico PK Limited(CNERGY)	55,091,076 ▲ 0.09
Pak Int.Bulk / Apr 15 Pakistan International Bulk Terminal(PIBTL)	45,232,730 ▼ -0.11
Sui South Gas / Apr 15 Sui Southern Gas Company Limited(SSGC)	31,842,819 ▲ 0.26
B.O.Punjab / Apr 15 The Bank of Punjab(BOP)	27,341,890 ▲ 0.27
Pak Elektron / Apr 15 Pak Elektron Limited(PAEL)	17,487,097 ▲ 0.12
Dewan Cement / Apr 15 Dewan Cement Limited(DCL)	14,696,852 ▼ -0.06
K-Electric Ltd. / Apr 15 K-Electric Limited(KEL)	13,886,346 ▲ 0
WorldCall Telecom / Apr 15 Worldcall Telecom Limited(WTL)	13,751,334 ▲ 0
Pak Stock Exchange / Apr 15 Pakistan Stock Exchange Limited(PSX)	13,502,803 ▲ 0.15
Hub Power Co. / Apr 15 The Hub Power Company Limited(HUBC)	11,216,011 ▼ -0.28

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