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Apr 17, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2019-03-19
Indian shares move up

Indian shares move up

Indian shares rose for a sixth straight session on Monday, as strong foreign fund inflows and expectation of the current coalition government returning to power after the general election starting next month boosted investor confidence.
Published 19 Mar, 2019 12:00am
Kashmir issue: AJK president rules out any divergent solution

Kashmir issue: AJK president rules out any divergent solution

President of Azad Jammu and Kashmir (AJ&K) Sardar Masood Khan on Monday ruled out any out of the box solution of the Kashmir issue, saying that the people of Kashmir will reject every decision taken without their consent. He said that while addressing a s
Published 19 Mar, 2019 12:00am
Fire suspends business activities at FTC building

Fire suspends business activities at FTC building

All business activities virtually came to a halt at Finance and Trade Center (FTC) building Monday following high intensity fire that engulfed two floors of the multistory structure and turned all the interior into ashes last Sunday.
Published 19 Mar, 2019 12:00am
Fire suspends business activities at FTC building

Fire suspends business activities at FTC building

All business activities virtually came to a halt at Finance and Trade Center (FTC) building Monday following high intensity fire that engulfed two floors of the multistory structure and turned all the interior into ashes last Sunday.
Published 19 Mar, 2019 12:00am
Government urged to revisit FBR powers

Government urged to revisit FBR powers

Business and industrial community has welcomed the announcement of the Federal Board of Revenue (FBR) that it has halted crackdown on registered tax paying businessmen with immediate effect.
Published 19 Mar, 2019 12:00am
MapleLeaf Cement Factory Limited
Mutual Funds

MapleLeaf Cement Factory Limited

MapleLeaf Cement (PSX: MLCF) was established in 1956 by the West Pakistan Industrial Development Corporation (WPIDC) with an initial production capacity of 300,000 tons annually. Another company called White Cement Industries Limited (WCIL) was formed wit
Published 19 Mar, 2019 12:00am
MapleLeaf Cement Factory Limited
Mutual Funds

MapleLeaf Cement Factory Limited

MapleLeaf Cement (PSX: MLCF) was established in 1956 by the West Pakistan Industrial Development Corporation (WPIDC) with an initial production capacity of 300,000 tons annually. Another company called White Cement Industries Limited (WCIL) was formed wit
Published 19 Mar, 2019 12:00am
Sindh government urged to bear cost of Nai Gaj Dam project

Sindh government urged to bear cost of Nai Gaj Dam project

The Senate Standing Committee on Planning, Development and Reform has recommended the Sindh government to bear the cost of Nai Gaj Dam project over and above the first revision of 2012 from its own resources. The committee met with Senator Agha Shahzaib D
Published 19 Mar, 2019 12:00am
System upgrade: power suspension in some areas: KE

System upgrade: power suspension in some areas: KE

On account of its Transmission Enhancement and Up gradation Project, TP-1000, K-Electric teams will be installing and commissioning power infrastructure at its Gulshan, Qayyumabad and Clifton grids. On account of this, power supply to parts of these areas
Published 19 Mar, 2019 12:00am
PAC directs SRD, CAA to resolve old land dispute

PAC directs SRD, CAA to resolve old land dispute

The Public Accounts Committee (PAC) has directed Sindh Revenue Department (SRD) and Civil Aviation Authority (CAA) to resolve their 24-year-old land dispute and provide details to the parliamentary panel within a week. While discussing and reviewing the a
Published 19 Mar, 2019 12:00am
US MIDDAY: Palladium peaks, gold steadies

US MIDDAY: Palladium peaks, gold steadies

Palladium touched an all-time high on Monday, continuing a strong run this year on a supply shortfall of the autocatalyst material, while gold held above the key $1,300-per-ounce level on expectations the US Federal Reserve will hold rates steady this wee
Published 19 Mar, 2019 12:00am
US MIDDAY: Corn, soya and wheat down

US MIDDAY: Corn, soya and wheat down

US corn futures fell on Monday, halting a four-session rebound from contract lows set last week, as traders worried about export prospects for US grains, analysts said. Soyabeans and wheat futures also declined. As of 1:13 p.m. CDT (1813 GMT), Chicago Boa
Published 19 Mar, 2019 12:00am
Palladium scales record peak in Europe

Palladium scales record peak in Europe

Palladium scaled a record peak on Monday, continuing a strong run this year on a supply shortfall of the autocatalyst material, as a softer dollar drove gains across precious metals.
Published 19 Mar, 2019 12:00am
Gold moves up in Asia

Gold moves up in Asia

Gold prices rose for a second straight session on Monday, as the dollar slipped after sombre US data increased chances the Federal Reserve will signal a dovish policy stance at its meeting this week.
Published 19 Mar, 2019 12:00am
Arabica coffee prices fall, raw sugar rises

Arabica coffee prices fall, raw sugar rises

Arabica coffee futures on ICE fell on Monday, approaching last week's 13-year low as the market struggled to absorb excess supplies, while raw sugar prices rose to their highest in more than two weeks. May arabica coffee settled down 0.95 cent, or 1 perce
Published 19 Mar, 2019 12:00am
EU winter grains mostly in good shape, south needs rain

EU winter grains mostly in good shape, south needs rain

Cereal crops in the European Union are generally in decent condition after a mild winter but more rain is needed in a dry swathe of southern Europe, the EU's crop monitoring service said on Monday. Crops suffered minimal frost damage this winter and benef
Published 19 Mar, 2019 12:00am
Palm oil extends decline, tracking weak rival oils

Palm oil extends decline, tracking weak rival oils

Malaysian palm oil futures continued to decline on Monday, tracking weak soyaoil and in the absence of fresh cues, after three weeks of declines on demand concerns. The benchmark third-month palm oil contract on the Bursa Malaysia Derivatives Exchange fel
Published 19 Mar, 2019 12:00am
Tokyo rubber edges higher

Tokyo rubber edges higher

Tokyo Commodity Exchange (TOCOM) futures, which set the tone for rubber prices in Southeast Asia, edged higher on Monday, amid hopes for more economic stimulus by China, the world's top rubber buyer, and as investors looked for bargains. The benchmark Tok
Published 19 Mar, 2019 12:00am
Venezuela may divert US-bound oil to Rosneft

Venezuela may divert US-bound oil to Rosneft

Venezuela may divert oil originally bound for the United States to Russian oil company Rosneft or other destinations due to US sanctions, Venezuelan oil minister and president of state-run oil company PDVSA Manuel Quevedo said on Monday.
Published 19 Mar, 2019 12:00am
Copper steadies, zinc stocks down nearly 80 percent

Copper steadies, zinc stocks down nearly 80 percent

Copper prices held steady on Monday, bolstered by expectations of seasonally strong Chinese demand in the second quarter and low stocks but capped by concern over the impact of continuing trade tensions on the global economy. Benchmark copper on the Londo
Published 19 Mar, 2019 12:00am
France questions if US support for Nato is 'perennial'

France questions if US support for Nato is 'perennial'

France's defense minister questioned Monday whether the US commitment to the Nato alliance is "perennial" and said Europe needs to build defense "autonomy" as that question goes unanswered.
Published 19 Mar, 2019 12:00am
More than 1,000 feared dead in Mozambique storm

More than 1,000 feared dead in Mozambique storm

More than a thousand people are feared to have died in a cyclone that smashed into Mozambique last week, while scores have been killed and more than 150 are missing in neighbouring Zimbabwe. The city of Beira in central Mozambique bore Cyclone Idai's full
Published 19 Mar, 2019 12:00am
Putin signs laws against 'disrespecting' authorities, fake news

Putin signs laws against 'disrespecting' authorities, fake news

Russian President Vladimir Putin on Monday signed controversial legislation that allows courts to fine and briefly jail people for showing disrespect for authorities and block media for publishing "fake news." Putin signed off on the legislation against t
Published 19 Mar, 2019 12:00am
Paris police chief sacked after Champs-Elysees rioting

Paris police chief sacked after Champs-Elysees rioting

The French government sacked the top police official in Paris on Monday following another weekend of rioting in the capital during "yellow vest" protests which have put President Emmanuel Macron on the defensive. The police's failure to keep the Paris pro
Published 19 Mar, 2019 12:00am
Two killed in clashes at Vedanta's India plant

Two killed in clashes at Vedanta's India plant

At least two people were killed Monday in clashes between workers and security staff of British-mining giant Vedanta outside its aluminium factory in the Indian state of Odisha, police said. The protest turned deadly after dozens of workers armed with sti
Published 19 Mar, 2019 12:00am
Bomb attacks kill five Burkina troops, police

Bomb attacks kill five Burkina troops, police

Five members of Burkina Faso's security forces were killed in roadside bomb attacks in the east of the country at the weekend, officials said on Monday.
Published 19 Mar, 2019 12:00am
Speaker deals blow to British PM's bid to revive Brexit deal

Speaker deals blow to British PM's bid to revive Brexit deal

British Prime Minister Theresa May's bid to get the EU divorce deal through parliament was hit Monday with a bombshell announcement by the speaker, ruling MPs could not vote again on the same proposal they had already rejected. With less than two weeks to
Published 19 Mar, 2019 12:00am
Afghanistan celebrates journalists as violence targets press

Afghanistan celebrates journalists as violence targets press

Afghanistan on Monday marked National Journalists Day amid a spike in violence that has already seen four media workers killed so far this year, in one of the most dangerous countries in the world for the press. Gunmen killed Sultan Mahmood Khairkhaw, a j
Published 19 Mar, 2019 12:00am
Half of Americans see a Trump victim of witch hunt

Half of Americans see a Trump victim of witch hunt

Half of Americans believe President Donald Trump is the victim of a political "witch hunt," nearly two years after the launch of the Russia meddling investigation, a new poll showed Monday. Voters are also broadly opposed, 62 percent to 28 percent, to an
Published 19 Mar, 2019 12:00am
Trump paints possible 2020 rival Biden as 'low I.Q.'

Trump paints possible 2020 rival Biden as 'low I.Q.'

President Donald Trump on Monday gave possible 2020 presidential election rival Joe Biden a taste of what to expect if he does jump in the race, with a tweeted insult about his intelligence. Biden, who was vice president under Barack Obama and is seen as
Published 19 Mar, 2019 12:00am
Canada extends Iraq, Ukraine military training missions

Canada extends Iraq, Ukraine military training missions

Canada's defense and foreign ministers jointly announced Monday the extensions of military training missions in Iraq and Ukraine. Both had been slated to wrap up at the end of March, but security concerns persist. In Iraq, Canada will keep 250 special for
Published 19 Mar, 2019 12:00am
Sterling falls below $1.32
Currency

Sterling falls below $1.32

Sterling dropped below $1.32 on Monday after the speaker of Britain's parliament said Prime Minister Theresa May's Brexit deal could not be voted on again unless a different proposal was submitted. The move by parliamentary speaker, John Bercow, saw the p
Published 19 Mar, 2019 12:00am
Aussie, kiwi rise
Currency

Aussie, kiwi rise

The Australian and New Zealand dollars rose on Monday for a second straight session as the greenback eased on bets the US Federal Reserve would keep policy accommodative at its meeting this week. The Australian dollar jumped to a two-week top of $0.7115 f
Published 19 Mar, 2019 12:00am
Most Asian currencies rise
Currency

Most Asian currencies rise

Most emerging Asian currencies gained on Monday against the dollar, which fell as weak US economic data triggered speculation the Federal Reserve would strike a dovish tone at its policy meeting this week. Figures released on Friday showed US manufacturin
Published 19 Mar, 2019 12:00am
Egyptian pound appreciates to highest in over two years
Currency

Egyptian pound appreciates to highest in over two years

The Egyptian pound strengthened on Sunday to its highest in over two years, boosted by an increase in foreign funds into the country. The currency was trading at 17.34 to the dollar on Sunday, up more than three percent from 17.86 on Jan. 22 when it began
Published 19 Mar, 2019 12:00am
Aussie leads recovery against US dollar in Europe
Currency

Aussie leads recovery against US dollar in Europe

The Australian dollar hit a two-week high and led a recovery against the US currency on Monday as caution about the US economy and expectations for an accommodative Federal Reserve meeting this week kept the greenback on the back foot.
Published 19 Mar, 2019 12:00am
Dollar on back foot in Asian trade

Dollar on back foot in Asian trade

The dollar licked its wounds on Monday after soft US data increased bets the Federal Reserve will cut rates later this year while the pound hovered near nine-months high on hopes for a delay in Britain's exit from the European Union.
Published 19 Mar, 2019 12:00am
South Africa's rand weakens
Currency

South Africa's rand weakens

South Africa's rand weakened on Monday after power utility Eskom said it would carry out more power cuts this week as it struggles with capacity shortages, weighing on investor sentiment. At 1504 GMT, the rand traded at 14.4475 per dollar, 0.4 percent wea
Published 19 Mar, 2019 12:00am
Fantastic Messi hat-trick blows away Betis

Fantastic Messi hat-trick blows away Betis

Even the Real Betis fans were applauding by the end as Lionel Messi scored another spectacular hat-trick to fire Barcelona to a 4-1 victory on Sunday and leave them with one hand on the La Liga trophy. Messi's treble, his second in a month in Seville, fou
Published 19 Mar, 2019 12:00am
Thiem takes Indian Wells Masters title

Thiem takes Indian Wells Masters title

Dominic Thiem denied Roger Federer a record sixth Indian Wells title, beating the Swiss great 3-6, 6-3, 7-5 on Sunday to claim his first ATP Masters 1000 crown. The 25-year-old Austrian, ranked eighth in the world, had fallen in two prior Masters finals,
Published 19 Mar, 2019 12:00am
Shafi wins Mr KP Bodybuilding title

Shafi wins Mr KP Bodybuilding title

Mohammad Shafi of Peshawar clinched the title of the Mr. Khyber Pakhtunkhwa while Daud Khan grabbed the Mr. Junior Khyber Pakhtunkhwa title organized by District Government with the collaboration of Khyber Pakhtunkhwa Bodybuilding Association and Director
Published 19 Mar, 2019 12:00am
Mani terms HBL PSL 2019 as 'resilient', thanks Stakeholders

Mani terms HBL PSL 2019 as 'resilient', thanks Stakeholders

Chairman Pakistan Cricket Board (PCB) Ehsan Mani has said PCB was planning to organize 5th edition of Pakistan Super League in four cities - Multan, Rawalpindi, Karachi and Lahore. "On the assurance of DG ISPR Asif Ghafoor for the provision of all logisti
Published 19 Mar, 2019 12:00am
Punjab CM congrats nation

Punjab CM congrats nation

Congratulating the nation on the successful holding of PSL-IV, the Punjab Chief Minister Sardar Usman Buzdar has expressed the hope that sports activities will be restored in stadiums now. In a message, he said that peaceful Pakistan has won while the ene
Published 19 Mar, 2019 12:00am
AB de Villiers named skipper Lahore Qalandars

AB de Villiers named skipper Lahore Qalandars

AB de Villiers of Lahore Qalandars has been named as captain of Team of HBL PSL 2019. De Villiers who showed his talent in seven matches, in which he aggregated 218 runs at a stunning average of 54.5 with an incredible strike-rate of 129, was selected by
Published 19 Mar, 2019 12:00am
PSL success boosts Pakistan's cricket revival

PSL success boosts Pakistan's cricket revival

All future Pakistan Super League matches could be played on home soil after the last eight games of the 2019 tournament went off without a hitch in Karachi, boosting hopes of attracting more international teams, said the country's cricket chief at Sunday'
Published 19 Mar, 2019 12:00am
Afghanistan post first-ever Test victory

Afghanistan post first-ever Test victory

Afghanistan claimed their first-ever victory in Test cricket Monday, beating fellow newcomers Ireland in what captain Asghar Afghan hailed as a historic day for the war-torn country. Afghanistan and Ireland both achieved full member status of the Internat
Published 19 Mar, 2019 12:00am
EU trade surplus with US expands, deficit with China up

EU trade surplus with US expands, deficit with China up

The European Union's trade surplus with the United States and its deficit with China both increased in January, serving as potential fuel for trade conflicts between the world's largest economies.
Published 19 Mar, 2019 12:00am
Counterfeit and pirated goods represent 3.3 percent of global trade

Counterfeit and pirated goods represent 3.3 percent of global trade

Global sales of counterfeit and pirated goods have soared to 460 billion euros ($522 billion) a year, amounting to a whopping 3.3 percent of world trade, according to a report published Monday. The latest assessement by the EU Intellectual Property Office
Published 19 Mar, 2019 12:00am
Ambani pays debt after court threatened jail

Ambani pays debt after court threatened jail

Indian tycoon Anil Ambani has settled a multi-million debt with Sweden's Ericsson, the company said Monday, after judges threatened the billionaire with jail if he did not pay his dues. The Supreme Court in February found that Ambani, 59, had refused to p
Published 19 Mar, 2019 12:00am
UK to launch 'early warning' indicators for next economic shock

UK to launch 'early warning' indicators for next economic shock

Britain will launch a new set of early warning indicators aimed at spotting the next big economic downturn more quickly, based on the volume of road traffic, businesses' value-added tax returns and how long ships spend in port.
Published 19 Mar, 2019 12:00am
US fintech giant FIS acquires payment firm Worldpay

US fintech giant FIS acquires payment firm Worldpay

US financial technology giant FIS will acquire British payment processing company Worldpay for an estimated $43 billion (38 billion euros), the two firms said Monday, creating an international payments powerhouse.
Published 19 Mar, 2019 12:00am
Xi to visit Italy, France as Rome joins 'new Silk Road'

Xi to visit Italy, France as Rome joins 'new Silk Road'

Chinese President Xi Jinping will travel to Italy, Monaco and France this week, the foreign ministry said Monday, with Rome expected to join his global trade infrastructure programme despite reservations in other European countries.
Published 19 Mar, 2019 12:00am
Japan's exports decline for third straight month

Japan's exports decline for third straight month

Japanese exports declined for the third straight month in February while imports also fell, according to government data Monday, indicating a possible slowdown in the world's third biggest economy.
Published 19 Mar, 2019 12:00am
FTSE 100 climbs as pound drops amid Brexit chaos

FTSE 100 climbs as pound drops amid Brexit chaos

London's exporter-heavy FTSE 100 surged to a five-month high on the back of a drop in sterling after Britain's parliament speaker struck a fresh blow to Theresa May's EU divorce deal, while a rally in miners and oil stocks also lent support.
Published 19 Mar, 2019 12:00am
Australian, New Zealand shares rise

Australian, New Zealand shares rise

Australian shares rose on Monday, as mining stocks tracked gains in iron ore prices after Brazil's Vale SA said it would cut output, although broader gains were capped by a lacklustre performance in the financial sector. Asian stocks also rose, fuelled by
Published 19 Mar, 2019 12:00am
Hong Kong stocks surge

Hong Kong stocks surge

Hong Kong stocks tracked the mainland Chinese markets higher on Monday and closed at a nine-month peak, buoyed by expectations of the US Federal Reserve taking a dovish stance at its policy meeting this week and Beijing rolling out more policy measures to
Published 19 Mar, 2019 12:00am
Deutsche merger move takes European stocks rally to fourth day

Deutsche merger move takes European stocks rally to fourth day

European stocks rose for the fourth session in a row on Monday as a flurry of dealmaking, including merger talks between Deutsche Bank and Commerzbank , spurred gains in the financial services sector. Shares in the two German lenders rose between 4 percen
Published 19 Mar, 2019 12:00am
China stocks near 6-1/2 months high

China stocks near 6-1/2 months high

China's major stock indexes closed near their 6-1/2-month highs on Monday, as sentiment was bolstered by high expectations of the US Federal Reserve taking a dovish stance at its policy meeting this week and Beijing's policy boost for growth.
Published 19 Mar, 2019 12:00am
Sri Lankan shares little changed

Sri Lankan shares little changed

Sri Lanka's share index ended little changed on Monday, hovering near its 5-1/2-year low, as investors awaited direction from the third and final vote on the 2019 budget, market sources said. The Colombo Stock Exchange index fell 0.02 percent to 5,614.98,
Published 19 Mar, 2019 12:00am
Southeast Asia stocks up as Fed seen accommodative

Southeast Asia stocks up as Fed seen accommodative

Most Southeast Asian stock markets rose on Monday, with Philippines leading the pack, as hopes of the US Federal Reserve maintaining a dovish stance at a policy meeting on Wednesday buoyed risk appetite. With growth due to slow over the next three years a
Published 19 Mar, 2019 12:00am
Tokyo stocks advance

Tokyo stocks advance

Tokyo stocks closed higher on Monday thanks to optimism over US-China trade talks, with investors eyeing the US Federal Reserve's meeting later this week. The Nikkei 225 index added 0.62 percent, or 133.65 points, to 21,584.50, while the broader Topix ind
Published 19 Mar, 2019 12:00am
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