News Archives for Print - 2019-03-18

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Print - 2019-03-18

The Weather

The weather report on Sunday (March 17, 2019) and the forecast for Monday (March 18, 2019).

Published 18 Mar, 2019 12:00am

Returns on Profit and Loss Sharing Investment Bank Accounts (JULY TO DECEMBER 2018)

Comparative table of returns being given banks on their Profit and Loss Sharing Investment Accounts and Term Deposits.

Published 18 Mar, 2019 12:00am

Currency

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (March 11 to 15, 2019).

Published 18 Mar, 2019 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 18 Mar, 2019 12:00am

South Africa pin World Cup hopes on bowlers

South Africa finished their one-day series against Sri Lanka with a clear idea of both the team and the tactics they will use in the upcoming Cricket World Cup. Sri Lanka, after their fourth 5-0 series defeat in less than two years, appeared to be in disa

Published 18 Mar, 2019 12:00am

Smith, Warner return to IPL

Disgraced Australian stars Steve Smith and David Warner joined their Indian Premier League teams Sunday after missing out on the previous edition of the Twenty20 tournament over a ball-tampering controversy. Both Smith and Warner were barred from particip

Published 18 Mar, 2019 12:00am

Afghanistan set 147 to win maiden Test

Spinner Rashid Khan claimed five wickets to put Afghanistan in sight of their maiden Test victory after bowling out Ireland for 288 on day three of the one-off game on Sunday. Chasing 147 to win, Afghanistan were 29 for one at stumps. Ihsanullah Janat, on

Published 18 Mar, 2019 12:00am

Record crowd watch women's match between Barca and Atletico

A record crowd of 60,739 watched a women's match between Barcelona and Atletico Madrid at the Wanda Metropolitano on Sunday, less than three months before the start of the World Cup. The attendance is the largest ever for a top-flight club match in Europe

Published 18 Mar, 2019 12:00am

Obaid wins gold medal in Taekwondo Championship

Upcoming and talented Obaid Ullah clinched the gold medal after defeating Sahib Khan in the final of the -58kg weight category part of the Mardan Spring Sports Festival Taekwondo Championship which concluded at Mardan Sports Complex on Sunday.

Published 18 Mar, 2019 12:00am

Brighton stage great escape to reach semi-finals on penalties

Brighton came from 2-0 down and were then behind in a shoot-out before they beat Millwall 5-4 on penalties to reach an FA Cup semi-final with quadruple-chasing Manchester City on Sunday. It seemed Championship strugglers Millwall were on the brink of deli

Published 18 Mar, 2019 12:00am

Man City storm back into FA Cup semis

Manchester City produced a stunning comeback against Swansea on Saturday to reach the FA Cup semi-finals and keep their quadruple dreams alive as Wolves sent Manchester United crashing out. Pep Guardiola's team roared back from a two-goal half-time defici

Published 18 Mar, 2019 12:00am

Liverpool go top of Premier League

Liverpool usurped Manchester City to take top spot in the Premier League but needed a James Milner penalty nine minutes from time to see off lowly Fulham 2-1 at Craven Cottage on Sunday. The on-form Sadio Mane put the visitors in front midway through the

Published 18 Mar, 2019 12:00am

Federer, Thiem into Indian Wells final

The 39th match between Roger Federer and Rafael Nadal failed to materialize on Saturday as the world No 2 Spaniard hobbled out of Indian Wells to send Federer into a title clash with Dominic Thiem. Nadal, whose longstanding right knee trouble flared up in

Published 18 Mar, 2019 12:00am

Pakistan on right path to bring international cricket back: Richardson

International Cricket Council (ICC) CEO David Richardson said Pakistan has done a tremendous job and is moving in the right direction to completely bring international cricket back to the country. Richardson was here in Karachi on Sunday to witness HBL PS

Published 18 Mar, 2019 12:00am

World must prepare for inevitable next flu pandemic, WHO says

The world will inevitably face another pandemic of flu and needs to prepare for the potential devastation that could cause, and not underestimate the risks, the World Health Organization (WHO) said on Monday. Outlining a global plan to fight the viral dis

Published 18 Mar, 2019 12:00am

Raw materials behind half of global emissions: UN

Extracting and processing materials, fuel and food contributes as much as half of the world's greenhouse gas emissions, the UN said Tuesday, as experts gathered in Kenya to find ways to rein in exploding global consumption. Using dozens of data sources, t

Published 18 Mar, 2019 12:00am

Air pollution raises diabetes risk in China

Long-term exposure to harmful smog particles increases the risk of diabetes, a new study in China has shown, providing evidence for a link between the country's air pollution and the disease. China is facing the largest diabetes problem in the world with

Published 18 Mar, 2019 12:00am

New drug cocktail may reduce MDR-TB treatment time by more than half

A new drug cocktail reduces the length of treatment for multidrug-resistant tuberculosis from nearly two years to nine to 11 months with a similar effectiveness, according to a large clinical trial whose results were published in a US journal Wednesday. N

Published 18 Mar, 2019 12:00am

Kerb

A timeline of internet on the 30th anniversary

On the 30th anniversary of the birth of the World Wide Web, here is a look back at the development of the internet, now used by billions of people.

Published 18 Mar, 2019 12:00am

At age 30, World Wide Web is 'not the web we wanted'

At the ripe old age of 30 and with half the globe using it, the World Wide Web is facing growing pains with issues like hate speech, privacy concerns and state-sponsored hacking, its creator says, trumpeting a call to make it better for humanity. Tim Bern

Published 18 Mar, 2019 12:00am

ATP Electronics to provide HD DDR3 8 Gbit components

ATP Electronics, the leading manufacturer of "Industrial Only" memory and storage solutions, has announced its commitment to provide its own high-density DDR3 8 Gbit components to ensure the steady supply of DDR3 memory, especially for customers in the ne

Published 18 Mar, 2019 12:00am

Web inventor urges users to seek 'complete control' of data

World Wide Web inventor Tim Berners-Lee on Monday slammed the increasing commodification of personal information and appealed for internet users to strive to maintain "complete control" of their data. Berners-Lee, credited with creating the web in 1989, i

Published 18 Mar, 2019 12:00am

UBS sets aside 450 million euros for French tax case

Switzerland's biggest bank, UBS, on Friday reported a nearly $400 million boost to its litigation provisions after a French court slapped it with a 4.5 billion euro ($5.09 billion) penalty last month. UBS, which is appealing against the decision and has s

Published 18 Mar, 2019 12:00am

Toyota to invest $749 million in five US plants

Toyota Motor Corp said on Thursday it will invest $749 million in five US plants and add 586 jobs as it boosts engine production capacity and adds new hybrid models to its lineup. President Donald Trump has prodded Japanese automakers to add more jobs in

Published 18 Mar, 2019 12:00am

StanChart suffers Asia private banker exits, boosts Mideast staff

Standard Chartered PLC has seen the departure of at least four senior Asia-based bankers from its private banking unit in recent months, three people with direct knowledge of the matter said, amid growing earnings pressure at the business. The unit is, ho

Published 18 Mar, 2019 12:00am

Prudential shifts $50 billion in assets to Luxembourg ahead of Brexit

Britain's biggest insurer, Prudential, has transferred 36 billion pounds ($47.33 billion) in customer assets to its new Luxembourg subsidiary ahead of Brexit, it said on Wednesday, as the company reported a six percent rise in operating profit.

Published 18 Mar, 2019 12:00am

Currency

Production bottlenecks to hobble Adidas in 2019

German sporting goods maker Adidas said on Wednesday it booked vaulting profits in 2018, but crimped its expectations for this year as it runs into limits on production capacity. Net profit at the Herzogenaurach-based group leaped 45 percent year-on-year,

Published 18 Mar, 2019 12:00am

Currency

Production bottlenecks to hobble Adidas in 2019

Published 18 Mar, 2019 12:00am

Embraer posts loss on executive-jets charge ahead of Boeing deal

Embraer SA reported an unexpected loss on Thursday due to a writedown in its underperfoming executive jets division, adding to concerns over its potential future earnings after it sells its profitable commercial jet unit to Boeing Co.

Published 18 Mar, 2019 12:00am

Embraer posts loss on executive-jets charge ahead of Boeing deal

Published 18 Mar, 2019 12:00am

Nissan, Renault break up chairmanship in wake of Ghosn's ouster

Japan's Nissan Motor and France's Renault said they would retool the world's top car-making alliance to put themselves on more equal footing, breaking up the all-powerful chairmanship previously wielded by ousted boss Carlos Ghosn.

Published 18 Mar, 2019 12:00am

737 MAX disaster pushes Boeing into crisis mode

After a second air disaster involving the 737 MAX 8, aviation giant Boeing swung into crisis mode, losing $25 billion of market capitalization and suffering a severe hit to its reputation.

Published 18 Mar, 2019 12:00am

Deutsche Bank set to announce merger talks with Commerzbank

Deutsche Bank was set on Sunday to confirm merger talks with fellow German lender Commerzbank, according to a person with knowledge of the matter, an indication that efforts to combine the two businesses were gaining pace.

Published 18 Mar, 2019 12:00am

Fed to hold fire on interest rates as world economy slows

There is virtually no chance the US Federal Reserve will raise interest rates in the coming week, since policymakers have all but promised to hold their fire as the global economy slows.

Published 18 Mar, 2019 12:00am

ADNOC awards Japan's Inpex onshore exploration concession

Abu Dhabi National Oil Co (ADNOC) awarded Japan's Inpex Corp an onshore exploration concession in Abu Dhabi's competitive block bid round, ADNOC said in a statement on Sunday. Inpex will hold a 100 percent stake in the exploration phase, while ADNOC has t

Published 18 Mar, 2019 12:00am

Eurostar service hit by French customs strike

Eurostar trains from Paris to London were hit by cancellations and "severe delays" on Sunday as French customs officers staged work-to-rule industrial action. The customs officers are demanding higher pay and better working conditions while seeking to dem

Published 18 Mar, 2019 12:00am

Amazon's second headquarters clears blocks in Virginia funding vote

Amazon.com Inc's planned second headquarters in northern Virginia cleared a key test on Saturday when local officials approved a proposed financial package worth an estimated $51 million amid a small but vocal opposition.

Published 18 Mar, 2019 12:00am

Iran's oil minister blames US for market tensions

Iranian Oil Minister Bijan Zanganeh said on Saturday frequent US comments about oil prices had created market tensions, the ministry's news website SHANA reported. US President Donald Trump, who has made the US economy one of his top issues, has repeatedl

Published 18 Mar, 2019 12:00am

Bank of Spain sees no risk of recession in Europe, Spain

The governor of the Bank of Spain Pablo Hernandez de Cos said there is currently no risk of recession in Europe or Spain, though he warned that political instability could hold back necessary reform in Spain. "According to the economic models, which are n

Published 18 Mar, 2019 12:00am

Opec's Barkindo says rebound in oil investments 'very minimal'

The investments needed to ensure stability in the global oil industry are returning after a downturn, but the pace is still slow, Opec Secretary General Mohammed Barkindo said. Barkindo was talking to Reuters and an Azeri TV station Real on the sidelines

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

'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

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

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

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

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

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

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

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

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

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

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

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

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

'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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

'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

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

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

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

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

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

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

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

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

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

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

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

'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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

'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

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

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 17	278.75
USD PKR Interbank Buying / Jan 17	278.65
USD to Japanese Yen / Jan 17	156.30
USD to Swiss Franc / Jan 17	0.92
Pound Sterling to USD / Jan 17	1.22
Euro to USD / Jan 17	1.03

Stock	Volume
S&P 500 / Jan 17	5,996.66
India Sensex / Jan 17	76,619.33
Tokyo Nikkei / Jan 17	38,451.46
Nasdaq / Jan 17	19,630.20
Hang Seng / Jan 17	19,584.06
FTSE 100 / Jan 17	8,505.22
Dow Jones / Jan 17	43,487.83
Germany DAX 30 / Jan 17	20,903.39

Item	Value
Crude Oil USD/Barrel / Jan 17	78.88
Karachi Cotton PKR/37.32 KG / Jan 17	18,785
Gold 10 Grams PKR / Jan 17	242,283
Gold Spot USD/Ounce / Jan 17	2,703.25
Cotton US¢/pound / Jan 17	67.60
Petrol/Litre / Jan 19	256.13

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 17 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.60 ▲ 1.00 (15.15%)
S.G.Power / Jan 17 S.G. Power Limited(SGPL)	9.51 ▲ 1.00 (11.75%)
Jahangir Sidd(Pref) / Jan 17 Jahangir Sidd(Pref)(JSCLPSA)	10.50 ▲ 1.00 (10.53%)
AN Textile Mill / Jan 17 AN Textile Mills Limited(ANTM)	12.82 ▲ 1.17 (10.04%)
Jah.Sidd. Co. / Jan 17 Jahangir Siddiqui & Co. Ltd.(JSCL)	23.62 ▲ 2.15 (10.01%)
Agritech Non-voting / Jan 17 Agritech Non-Voting Preference(AGLNCPS)	24.20 ▲ 2.20 (10.00%)
Arif Habib Ltd. / Jan 17 Arif Habib Limited(AHL)	66.21 ▲ 6.02 (10.00%)
Bilal Fibres / Jan 17 Bilal Fibres Limited(BILF)	15.95 ▲ 1.45 (10.00%)
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	77.09 ▲ 7.01 (10.00%)

Stock	Price
JS Global Banking / Jan 17 JS Global Banking Sector (ETF)(JSGBETF)	19.77 ▼ -2.75 (-12.21%)
First Capital Equities / Jan 17 First Capital Equities Limited(FCEL)	5.35 ▼ -0.72 (-11.86%)
Tariq Corp.Pref. / Jan 17 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7 ▼ -0.88 (-11.17%)
Service Textile / Jan 17 Service Industries Textiles Limited(SERT)	14.98 ▼ -1.66 (-9.98%)
Gulshan Sp. / Jan 17 Gulshan Spinning Mills Limited(GSPM)	4.01 ▼ -0.43 (-9.68%)
Zahid Jee Textile / Jan 17 Zahidjee Textile Mills Limited(ZAHID)	27.51 ▼ -2.70 (-8.94%)
Mandviwala / Jan 17 Mandviwala Mauser Plastic Industries(MWMP)	21.50 ▼ -2.00 (-8.51%)
Universal Ins. / Jan 17 The Universal Insurance Company Limited(UVIC)	9.23 ▼ -0.65 (-6.58%)
Tata Textile / Jan 17 Tata Textile Mills Limited(TATM)	47.10 ▼ -2.80 (-5.61%)

Stock	Volume
WorldCall Telecom / Jan 17 Worldcall Telecom Limited(WTL)	103,704,415 ▲ 0.01
Cnergyico PK / Jan 17 Cnergyico PK Limited(CNERGY)	37,108,232 ▲ 0.04
Hub Power Co. / Jan 17 The Hub Power Company Limited(HUBC)	36,743,585 ▲ 5.79
Hascol Petrol / Jan 17 Hascol Petroleum Limited(HASCOL)	32,265,861 ▲ 0.83
Dewan Motors / Jan 17 Dewan Farooque Motors Limited(DFML)	28,402,498 ▲ 2.84
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	24,195,904 ▲ 7.01
Pak Refinery / Jan 17 Pakistan Refinery Limited(PRL)	17,625,081 ▲ 0.94
Fauji Foods Ltd / Jan 17 Fauji Foods Limited(FFL)	16,675,539 ▲ 0.30
K-Electric Ltd. / Jan 17 K-Electric Limited(KEL)	16,024,776 ▲ 0.09

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