News Archives for Print - 2019-03-20

Wapda chief declares country's development structure 'faulty': NA body briefed

Chairman Water and Power Development Authority (Wapda), Lt-Gen Muzammal Hussain (retd) on Tuesday declared the country's development structure faulty which needs rectification as the prevalent "un-harmonized" mechanism will not take Pakistan anywhere due

Published 20 Mar, 2019 12:00am

Power supply: Cabinet to consider increase in WUC for AJK today

The Economic Coordination Committee (ECC) of the Cabinet, which is scheduled to meet on Wednesday (today) with Finance Minister in the chair, will consider increase in Water Usage Charges (WUC) to Rs 1.10 per unit electricity for Azad Jammu Kashmir (AJK)

Published 20 Mar, 2019 12:00am

Power supply: Cabinet to consider increase in WUC for AJK today

The Economic Coordination Committee (ECC) of the Cabinet, which is scheduled to meet on Wednesday (today) with Finance Minister in the chair, will consider increase in Water Usage Charges (WUC) to Rs 1.10 per unit electricity for Azad Jammu Kashmir (AJK)

Published 20 Mar, 2019 12:00am

Commitment to CPEC reaffirmed

The China-Pakistan Strategic Dialogue was held in Beijing on Tuesday. The dialogue was co-chaired by China's State Councillor and Minister of Foreign Affairs Wang Yi and Pakistan's Minister of Foreign Affairs Makhdoom Shah Mahmood Qureshi. During the Dial

Published 20 Mar, 2019 12:00am

Commitment to CPEC reaffirmed

The China-Pakistan Strategic Dialogue was held in Beijing on Tuesday. The dialogue was co-chaired by China's State Councillor and Minister of Foreign Affairs Wang Yi and Pakistan's Minister of Foreign Affairs Makhdoom Shah Mahmood Qureshi. During the Dial

Published 20 Mar, 2019 12:00am

Commitment to CPEC reaffirmed

The China-Pakistan Strategic Dialogue was held in Beijing on Tuesday. The dialogue was co-chaired by China''s State Councillor and Minister of Foreign Affairs Wang Yi and Pakistan''s Minister of Foreign Affairs Makhdoom Shah Mahmood Qureshi. During the Di

Published 20 Mar, 2019 12:00am

China briefed about deteriorating situation in IoK

Foreign Mini-ster Shah Mahmood Qureshi told his Chinese counterpart on Tuesday of the rapidly deteriorating situation and rights violations in Indian occupied Kashmir, and called for India to look again at its policies there. Speaking in Beijing standing

Published 20 Mar, 2019 12:00am

China briefed about deteriorating situation in IoK

Foreign Mini-ster Shah Mahmood Qureshi told his Chinese counterpart on Tuesday of the rapidly deteriorating situation and rights violations in Indian occupied Kashmir, and called for India to look again at its policies there. Speaking in Beijing standing

Published 20 Mar, 2019 12:00am

SCB allowed to open yuan setup

In order to further expand the local Chinese yuan clearing and settlement mechanism, the State Bank of Pakistan (SBP) has allowed Standard Chartered Bank (SCB) Pakistan Limited to establish its local CNY clearing and settlement setup in Pakistan.

Published 20 Mar, 2019 12:00am

SCB allowed to open yuan setup

In order to further expand the local Chinese yuan clearing and settlement mechanism, the State Bank of Pakistan (SBP) has allowed Standard Chartered Bank (SCB) Pakistan Limited to establish its local CNY clearing and settlement setup in Pakistan.

Published 20 Mar, 2019 12:00am

SCB allowed to open yuan setup

In order to further expand the local Chinese yuan clearing and settlement mechanism, the State Bank of Pakistan (SBP) has allowed Standard Chartered Bank (SCB) Pakistan Limited to establish its local CNY clearing and settlement setup in Pakistan.

Published 20 Mar, 2019 12:00am

Currency

Paris ties Singapore, Hong Kong as world's priciest cities

Paris has climbed to the top of the world's priciest city for expatriates, tied first with Singapore and Hong Kong according to a survey Tuesday that named the capital of strife-torn Venezuela as the cheapest. The French capital was the only eurozone city

Published 20 Mar, 2019 12:00am

Currency

Paris ties Singapore, Hong Kong as world's priciest cities

Paris has climbed to the top of the world's priciest city for expatriates, tied first with Singapore and Hong Kong according to a survey Tuesday that named the capital of strife-torn Venezuela as the cheapest. The French capital was the only eurozone city

Published 20 Mar, 2019 12:00am

Currency

Paris ties Singapore, Hong Kong as world''s priciest cities

Paris has climbed to the top of the world''s priciest city for expatriates, tied first with Singapore and Hong Kong according to a survey Tuesday that named the capital of strife-torn Venezuela as the cheapest. The French capital was the only eurozone cit

Published 20 Mar, 2019 12:00am

BRIndex100 retreats

Pakistan Stock Exchange Tuesday ended on a negative note as investors opted to book profits on available margins.

Published 20 Mar, 2019 12:00am

BRIndex100 retreats

Pakistan Stock Exchange Tuesday ended on a negative note as investors opted to book profits on available margins.

Published 20 Mar, 2019 12:00am

BRIndex100 retreats

Pakistan Stock Exchange Tuesday ended on a negative note as investors opted to book profits on available margins.

Published 20 Mar, 2019 12:00am

EPTL's coal-fired plant starts to generate power

A lignite coal power plant of Engro Powergen Thar Limited (EPTL) in Tharparker has finally started pumping 330MW of electricity generated by indigenous coal intothe national grid. EPTL - the majority owned company of Engro Energy Limited, tested and energ

Published 20 Mar, 2019 12:00am

EPTL's coal-fired plant starts to generate power

A lignite coal power plant of Engro Powergen Thar Limited (EPTL) in Tharparker has finally started pumping 330MW of electricity generated by indigenous coal intothe national grid. EPTL - the majority owned company of Engro Energy Limited, tested and energ

Published 20 Mar, 2019 12:00am

EPTL''s coal-fired plant starts to generate power

A lignite coal power plant of Engro Powergen Thar Limited (EPTL) in Tharparker has finally started pumping 330MW of electricity generated by indigenous coal intothe national grid. EPTL - the majority owned company of Engro Energy Limited, tested and energ

Published 20 Mar, 2019 12:00am

Lot of work has been done to bring about reforms in FBR: Umar

Finance Minister Asad Umar said on Tuesday that a lot of work has been done to bring about reforms in the Federal Board of Revenue (FBR), as the participants of a summit highlighted that poor tax collection in the country has been one of the major reasons

Published 20 Mar, 2019 12:00am

Lot of work has been done to bring about reforms in FBR: Umar

Finance Minister Asad Umar said on Tuesday that a lot of work has been done to bring about reforms in the Federal Board of Revenue (FBR), as the participants of a summit highlighted that poor tax collection in the country has been one of the major reasons

Published 20 Mar, 2019 12:00am

Lot of work has been done to bring about reforms in FBR: Umar

Finance Minister Asad Umar said on Tuesday that a lot of work has been done to bring about reforms in the Federal Board of Revenue (FBR), as the participants of a summit highlighted that poor tax collection in the country has been one of the major reasons

Published 20 Mar, 2019 12:00am

FBR, provinces agree on harmonisation of taxes

Federal Board of Revenue (FBR) and provincial revenue authorities/boards Tuesday agreed on the harmonisation of taxes, facilitation of taxpayers and early resolution of sales tax collection on the third category of disputed services/ goods. The heads of t

Published 20 Mar, 2019 12:00am

FBR, provinces agree on harmonisation of taxes

Federal Board of Revenue (FBR) and provincial revenue authorities/boards Tuesday agreed on the harmonisation of taxes, facilitation of taxpayers and early resolution of sales tax collection on the third category of disputed services/ goods. The heads of t

Published 20 Mar, 2019 12:00am

FBR, provinces agree on harmonisation of taxes

Federal Board of Revenue (FBR) and provincial revenue authorities/boards Tuesday agreed on the harmonisation of taxes, facilitation of taxpayers and early resolution of sales tax collection on the third category of disputed services/ goods. The heads of t

Published 20 Mar, 2019 12:00am

Money-laundering, Park Lane cases: SHC grants protective bails to Zardari, Faryal

Sindh High Court (SHC) Tuesday granted protective bails to Asif Ali Zardari and Faryal Talpur in connection with the money-laundering and Park Lane Estates cases after both were summoned to appear before the National Accountability Bureau (NAB) in these c

Published 20 Mar, 2019 12:00am

Money-laundering, Park Lane cases: SHC grants protective bails to Zardari, Faryal

Sindh High Court (SHC) Tuesday granted protective bails to Asif Ali Zardari and Faryal Talpur in connection with the money-laundering and Park Lane Estates cases after both were summoned to appear before the National Accountability Bureau (NAB) in these c

Published 20 Mar, 2019 12:00am

Yemenis score legal win in Germany over US drone strikes

Germany must ensure that the United States respects international laws when deploying drones over Yemen, a German court ruled Tuesday, in what amounted to a partial victory for three Yemeni plaintiffs.

Published 20 Mar, 2019 12:00am

SC issues notice to NAB on Nawaz's plea

The Supreme Court on Tuesday issued notice to National Accountability Bureau (NAB) in former Prime Minister Nawaz Sharif's application for grant of bail on medical grounds and suspension of his sentence.

Published 20 Mar, 2019 12:00am

SC issues notice to NAB on Nawaz's plea

The Supreme Court on Tuesday issued notice to National Accountability Bureau (NAB) in former Prime Minister Nawaz Sharif's application for grant of bail on medical grounds and suspension of his sentence.

Published 20 Mar, 2019 12:00am

SBP launches concessionary financing facility for special persons

In order to improve socio-economic life of the special persons in Pakistan, the State Bank of Pakistan (SBP) has launched a concessionary Small Enterprise Financing and Credit Guarantee Facility for special persons.

Published 20 Mar, 2019 12:00am

SBP launches concessionary financing facility for special persons

In order to improve socio-economic life of the special persons in Pakistan, the State Bank of Pakistan (SBP) has launched a concessionary Small Enterprise Financing and Credit Guarantee Facility for special persons.

Published 20 Mar, 2019 12:00am

SBP launches concessionary financing facility for special persons

In order to improve socio-economic life of the special persons in Pakistan, the State Bank of Pakistan (SBP) has launched a concessionary Small Enterprise Financing and Credit Guarantee Facility for special persons.

Published 20 Mar, 2019 12:00am

Kartarpur Corridor: Experts agree on border fencing

Technical teams of both India and Pakistan met on Tuesday at the designated zero point to discuss different aspects of the Kartarpur corridor project.

Published 20 Mar, 2019 12:00am

Kartarpur Corridor: Experts agree on border fencing

Technical teams of both India and Pakistan met on Tuesday at the designated zero point to discuss different aspects of the Kartarpur corridor project.

Published 20 Mar, 2019 12:00am

Airspace restrictions keep routes closed, carriers off balance

Restrictions over large swathes of Pakistani airspace continued to affect numerous flight routes, officials said Tuesday.

Published 20 Mar, 2019 12:00am

Airspace restrictions keep routes closed, carriers off balance

Restrictions over large swathes of Pakistani airspace continued to affect numerous flight routes, officials said Tuesday.

Published 20 Mar, 2019 12:00am

Airspace restrictions keep routes closed, carriers off balance

Restrictions over large swathes of Pakistani airspace continued to affect numerous flight routes, officials said Tuesday.

Published 20 Mar, 2019 12:00am

PCAA incurs over Rs 1 billion loss

Pakistan Civil Aviation Authority (PCAA) has suffered a loss of Rs1.16 billion on account of overflight charges or fees since the closure of airspace for overflying from Pakistan's eastern to western air corridors; it was learnt here.

Published 20 Mar, 2019 12:00am

PCAA incurs over Rs 1 billion loss

Pakistan Civil Aviation Authority (PCAA) has suffered a loss of Rs1.16 billion on account of overflight charges or fees since the closure of airspace for overflying from Pakistan's eastern to western air corridors; it was learnt here.

Published 20 Mar, 2019 12:00am

PCAA incurs over Rs 1 billion loss

Pakistan Civil Aviation Authority (PCAA) has suffered a loss of Rs1.16 billion on account of overflight charges or fees since the closure of airspace for overflying from Pakistan''s eastern to western air corridors; it was learnt here.

Published 20 Mar, 2019 12:00am

New Zealand premier vows gunman will face 'full force of law'

New Zealand Prime Minister Jacinda Ardern promised on Tuesday that the man responsible for last week's deadly mosque massacres would face "the full force of the law", as she vowed never to utter his name.

Published 20 Mar, 2019 12:00am

New Zealand premier vows gunman will face 'full force of law'

New Zealand Prime Minister Jacinda Ardern promised on Tuesday that the man responsible for last week's deadly mosque massacres would face "the full force of the law", as she vowed never to utter his name.

Published 20 Mar, 2019 12:00am

Pakistan at age 100

World Bank report titled "Pakistan@100 Growth and Investment" launched at a two-day event in Islamabad addressed by several cabinet members, including the Prime Minister and senior World Bank officials, notes Pakistan's potential in various sectors (the t

Updated 20 Mar, 2019 08:24am

Amazing ambience, camaraderie and cricket

This was another March, the antithesis of March 2009 when a terrorist attack on a visiting Sri Lankan cricket team in Lahore earned Pakistan the stigma of a 'no-go zone' for international teams. That is no more the case. In the words of International Cric

Updated 20 Mar, 2019 08:24am

IMF's conditionalities

The uncertainty seems to be over, almost. We are going to the International Monetary Fund (IMF) by end March for a new programme, as according to the federal finance minister Asad Umar the differences between the lender of the last resort and the perpetua

Published 20 Mar, 2019 12:00am

Cotton

Policy measures for enhancing textile exports

Pakistan's poor trade performance in the last decade is an outcome of diminishing export competitiveness and imprudent national policies. Pakistan has had two textile policies, first five-year textile policy was developed in 2009 and second one came in 20

Published 20 Mar, 2019 12:00am

Brexit freezing UK food suppliers out of seasonal sales

Global fans of a traditional British Christmas could be in for a disappointment when the season comes around this year.

Published 20 Mar, 2019 12:00am

Who stands to lose more?

That Air India is paying the price of growing Indian belligerence is a fact that has found its best expression for an NDTV report that says that the airspace ban over Pakistan which began last month is costing Air India dearly. As a result of longer fligh

Published 20 Mar, 2019 12:00am

Zardari, Bilawal to appear before NAB: PPP workers asked to reach capital today

Pakistan People's Party (PPP) has asked its workers from across the country to come to the federal capital to express solidarity with party co-chairman Asif Ali Zardari and chairman Bilawal Bhutto Zardari who will appear before National Accountability Bur

Published 20 Mar, 2019 12:00am

PPP to lodge FIR against Rashid

Pakistan Peoples Party (PPP) would lodge a first information report (FIR) in Rawalpindi against Federal Minister for Railways Sheikh Rashid Ahmed for hurling death threats at Chairman PPP Bilawal Bhutto Zardari. "Federal Minister for Railways Sheikh Rashi

Published 20 Mar, 2019 12:00am

Qureshi, Chinese VP discuss bilateral ties, CPEC

Foreign Minister Shah Mehmood Qureshi called on Chinese Vice President Wang Qishan in Beijing where they discussed bilateral relations and progress on the China-Pakistan Economic Corridor (CPEC). The high-ups have also exchanged views on important regiona

Published 20 Mar, 2019 12:00am

Currency

Huge amount of local and foreign currency seized

Federal Investigation Agency (FIA) on Tuesday foiled what it claimed to be a bid of money-laundering by seizing a huge amount of local and foreign currencies from an exchange company in metropolis. FIA State Bank Circle conducted the raids in I I Chundrig

Published 20 Mar, 2019 12:00am

Prime Minister to visit Sindh on March 29

Prime Minister Imran Khan will arrive on a visit of Sindh from March 29, citing sources. The premier will arrive in Karachi on a three-day visit of the province, sources said. He will preside over a high-level meeting during his stay in Karachi, according

Published 20 Mar, 2019 12:00am

High treason case: special court seeks questionnaire for Musharraf

The Special Court accepting the power of attorney of General Pervez Musharraf's (retd) counsel said on Tuesday that a questionnaire for former army chief would be prepared on the next date of hearing. A three-judge special court, headed by Chief Justice B

Published 20 Mar, 2019 12:00am

Safeguarding local businessmen's interest top priority: Razak

Adviser to Prime Minister on Commerce, Textile, Industries, Production and Investment Abdul Razak Dawood has said safeguarding the interest of Pakistani businessmen is the top priority of current PTI-led government. Dawood also stressed that Pakistan need

Published 20 Mar, 2019 12:00am

Valuation ruling system termed 'primitive'

Mukaram Jah, Director Valuation has termed valuation ruling system as primitive, stressing upon efficient Post Clearance Audit (PCA) to plug revenue leakage and ensure maximum facilitation to the trade. Speaking at a discussion on "Transactional Values an

Published 20 Mar, 2019 12:00am

Three new faculties added to ZU

Ziauddin University (ZU) has introduced three new faculties, including Law, Liberal Arts & Human Sciences and Eastern Medicines & Natural Sciences, Vice Chancellor said on Tuesday. The ZU VC Prof Dr Pirzada Qasim Raza Siddiqui told journalists at ZU Clift

Published 20 Mar, 2019 12:00am

440 fugitives, 358 POs arrested

As many as 441 absconders and 358 proclaimed offenders (POs) are among those 1,581 arrested by Sindh police in last week. A spokesman of the provincial police said on Tuesday that those involved in various crimes were arrested in raids at different police

Published 20 Mar, 2019 12:00am

IMF's possible tax-to-GDP demand: Tough decisions await government in forthcoming budget: Pasha

Former finance minister and prominent economist Dr Hafeez Pasha Tuesday said that the government will have to take tough decisions in the next financial year budget 2019-20 in case the International Monetary Fund (IMF) asks it to enhance the tax-to-GDP ra

Published 20 Mar, 2019 12:00am

Bahrain National Guard Commander meets CoAS

Army chief and Bahrain National Guard Commander Tuesday agreed to further enhance military cooperation between the two countries. Commander of the National Guard of the Kingdom of Bahrain, Lieutenant General Sheikh Mohamed Bin Isa Bin Salman Al-Khalifa ca

Published 20 Mar, 2019 12:00am

Country to have bumper wheat crop this year: CAP chief

Cereal Association of Pakistan (CAP) has said that exports of wheat products are allowed freely without any restrictions through sea route. Muzzammil R Chappal, chairman CAP, has said that Pakistan will have a bumper wheat crop this year and Prime Ministe

Published 20 Mar, 2019 12:00am

US, Chinese and Indonesian markets: Government efforts in providing access to exporters lauded

Government is trying its best to provide wider access to the Pakistani exporters in the US, China and Indonesian markets so that they could enhance export volume to these potential markets. However in this connection all stakeholders must be consulted bef

Published 20 Mar, 2019 12:00am

Reversal of NJPMC decision: Bar associations to observe two-day strike

Bar associations throughout the country have been urged to observe a two-day nationwide strike on March 20 & 21 for reversal of National Judicial Policy Making Committee (NJPMC) decision regarding Sections 22A and 22B of the Criminal Procedure Code (CrPC)

Published 20 Mar, 2019 12:00am

Lahore Ring Road (Southern Loop-III) project accorded approval

The Public-Private Partnership (PPP) Steering Committee has accorded approval to the landmark project of Lahore Ring Road (Southern Loop-III) stretching eight kilometers from Adda Plot to Maraka on Multan Road in public private partnership mode. The road

Published 20 Mar, 2019 12:00am

Bomb scare in Brussels EU quarter

Part of the European quarter in Brussels was evacuated on Tuesday, just two days before a European summit following a bomb threat to a lobbying firm. The call was received by GPLUS, a public affairs and strategic communications consulting firm located acr

Published 20 Mar, 2019 12:00am

Ufone Balochistan Football: Panjgur and Jallawan cruise into Super 8 stage

Super 8 stage of one of the biggest sporting events of the province, Ufone Balochistan Football Cup is undertaking in 8 cities. Panjgur FC from Panjgur and Jallawan FC from Khuzdar have qualified into the Super 8 stage of the tournament by winning city le

Published 20 Mar, 2019 12:00am

Ronaldo joins Portugal camp for Euro 2020 qualifiers

Cristiano Ronaldo rejoined his Portugal team-mates on Tuesday ahead of the start of Euro 2020 qualifying this week following a nine-month absence from the national team.

Published 20 Mar, 2019 12:00am

National Throw Ball Championship begins

National Women and Men Throw Ball Championship got under way with the collaboration of District Govt and Directorate of Sports Khyber Pakhtunkhwa here at indoor hall of the Sahibzada Abdul Qayyum Auditorium University of Peshawar Campus on Tuesday. Nazim

Published 20 Mar, 2019 12:00am

Big win for PSG as UEFA financial probe dropped

Paris Saint-Germain won a major victory Tuesday when the world's top sports court backed the club against European football's governing body UEFA over allegations of financial wrongdoing.

Published 20 Mar, 2019 12:00am

Noor, Hamza, Saki Ullah win titles in Qatar Junior Squash

Top seeds Noor Zaman of Under-17, Muhammad Hamza of Under-15 and Saki Ullah of Under-11 categories clinched the titles in the Qatar Junior International Squash Championship being played at Khalifa International Tennis and Squash on Monday.

Published 20 Mar, 2019 12:00am

France issues arrest warrants for two Russian ex-athletics officials

France has issued arrest warrants for two former senior Russian athletics officials in an investigation into a doping cover-up, sources told AFP on Tuesday.

Published 20 Mar, 2019 12:00am

Everton boss Silva fined for Newcastle outburst

Everton manager Marco Silva has been fined £12,000 ($16,000, 14,000 euros) for confronting match officials on the pitch following his side's 3-2 defeat at Newcastle earlier this month, the Football Association announced Tuesday.

Published 20 Mar, 2019 12:00am

Sky and 21st Century Fox agree sale of cycling's Team Sky to Ineos

Sky and 21st Century Fox have agreed the sale of Team Sky to chemicals giant Ineos, Team Sky announced on Tuesday. Ineos, owned by Britain's richest man, Jim Ratcliffe, will become the sole owners from May 1 and will continue to fund the current team in f

Published 20 Mar, 2019 12:00am

Currency

Dollar near two-week low in Asia

The dollar was on the defensive on Tuesday, weighed by growing expectations the Federal Reserve would adopt a more accommodative policy outlook this week and concerns about slower US economic growth. The dollar index, which measures the greenback against

Published 20 Mar, 2019 12:00am

Currency

Yen, euro move higher in Europe

The Japanese yen rose on Tuesday, benefiting from a US dollar hit by concern over the US economy and expectations that the Federal Reserve will prove accommodative at a meeting this week. The euro also profited from the weaker dollar, adding 0.2 percent t

Published 20 Mar, 2019 12:00am

Currency

Early trade in New York: Dollar slips against basket of currencies

The US dollar slipped against a basket of major currencies on Tuesday, as concerns over the US economy and expectations that the Federal Reserve will prove accommodative at a meeting this week weighed on the greenback. The dollar index, which measures the

Published 20 Mar, 2019 12:00am

Dollar index little changed in NY

The US dollar was little changed against a basket of currencies on Monday, sticking close to a two-week low, as caution about the American economy and expectations for an accommodative Federal Reserve kept the greenback subdued. The dollar index, which tr

Published 20 Mar, 2019 12:00am

Aussie, kiwi mark time for Fed

The Australian and New Zealand dollars marked time on Tuesday as investors counted down to what is expected to be an accommodative US policy meeting, while domestic events added to the chance of stimulus at home. The Aussie dollar was steady at $0.7102, h

Published 20 Mar, 2019 12:00am

Most Asian units advance

Most emerging Asian currencies strengthened against a weaker dollar on Tuesday, on expectations that the US Federal Reserve will confirm a dovish stance, amid slowing global growth, at a policy meeting beginning later in the day. The Fed, which raised rat

Published 20 Mar, 2019 12:00am

Rand steadies

South Africa's rand steadied on Tuesday as the prospect of rolling blackouts and downbeat economic data offset expectations that a dovish tone at this week's US Federal Reserve policy meeting could lift emerging market assets. At 1637 GMT, the rand traded

Published 20 Mar, 2019 12:00am

Currency

Sterling briefly rises above $1.33

The pound extended gains on Tuesday and briefly climbed above $1.33 line on expectations that European Union officials would give Britain a delay on Brexit negotiations. Sterling strengthened as much as 0.4 percent to a high of $1.3311 after a report from

Published 20 Mar, 2019 12:00am

Cotton

PMEX daily trading report

On Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,740. The traded value of Metals, Energy and COTS/FX was recorded at PKR 4.954 billion and the number of lots traded 8,210.

Published 20 Mar, 2019 12:00am

CBOT wheat futures lower

Chicago Board of Trade wheat futures settled lower on Monday on technical selling and sluggish export demand for US supplies, traders said. CBOT May soft red winter wheat settled down 5-1/2 cents at $4.56-3/4 per bushel. K.C. May hard red winter wheat end

Published 20 Mar, 2019 12:00am

CBOT corn futures fall on contract lows

Chicago Board of Trade (CBOT) corn futures closed lower on Monday, halting a four-session rebound from contract lows set last week, as traders focused on disappointing weekly US export data and the absence of a US trade deal with China. CBOT May corn sett

Published 20 Mar, 2019 12:00am

Currency

Euronext wheat lower after two-week high

Euronext wheat edged lower on Monday as a drop in Chicago encouraged Paris prices to consolidate after a two-week high fuelled by a flurry of French exports. Benchmark May milling wheat lost 0.3 percent to settle 0.50 euros down at 188.75 euros ($213.78)

Published 20 Mar, 2019 12:00am

CBOT soyabean futures down on technical selling

Chicago Board of Trade soyabean futures closed lower on Monday on technical selling and the absence of any news on a US trade deal with China, the world's biggest soya importer, traders said. CBOT May soyabean futures settled down 3-1/2 cents at $9.05-3/4

Published 20 Mar, 2019 12:00am

Mixed rains in Ivory Coast raises concerns over cocoa mid-crop

Abundant showers in most of Ivory Coast's cocoa regions last week augured well for the April-to-September mid-crop, farmers said on Monday, despite concerns over below-average rainfall in the centre of the country. Ivory Coast, the world's top cocoa produ

Published 20 Mar, 2019 12:00am

Activities at Karachi and Qasim Ports

The Karachi Port handled 134,893 tonnes of cargo comprising 82,249 tonnes of import cargo and 52,644 tonnes of export cargo including 5,972 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargos of 82

Published 20 Mar, 2019 12:00am

Cotton

Business activity rises on cotton market

Business activity improved on the cotton market on Tuesday as mills indulged in purchasing of fine type, dealers said. The official spot rate unchanged at Rs 8,700, they added. In the ready session, approximately, 2400 bales of cotton changed hands betwee

Published 20 Mar, 2019 12:00am

Chinese iron ore futures rise to two-week high

Chinese iron ore futures rose by more than 3 percent to a two-week high on Monday, supported by concerns over tight supply of the steel-making raw material after Vale SA announced further production cuts. The Brazilian miner said on Saturday that it would

Published 20 Mar, 2019 12:00am

'Rubble pile' asteroid holds clues to Earth's water story

An asteroid described as a "pile of rubble" is rich in hydrated minerals that could help solve the mystery of how Earth got its water, scientists said Tuesday. The Ryugu asteroid, around 300 million kilometres (185 million miles) from Earth, is estimated

Published 20 Mar, 2019 12:00am

Canada to assess Boeing 737 MAX airworthiness without US

Canada said Tuesday it will make its own assessment of Boeing's modifications to its 737 MAX airliners before allowing them to fly again in its airspace, after two crashes in less than five months. "Of course, when that software change is ready, which is

Published 20 Mar, 2019 12:00am

Abel Prize for maths awarded to woman for first time

The Abel Prize in mathematics was on Tuesday awarded to Karen Uhlenbeck of the United States for her work on partial differential equations, the first woman to win the award, the Norwegian Academy of Science and Letters said. "Karen Uhlenbeck receives the

Published 20 Mar, 2019 12:00am

CPJ condemns Afghan journalist killing

The Committee to Protect Journalists strongly condemns the killing of Afghan journalist Sultan Mahmoud Khairkhwah and calls on authorities to investigate his killing and improve the safety of journalists in the country. Khairkhwah, a reporter for the priv

Published 20 Mar, 2019 12:00am

Longtime Kazakh leader announces shock resignation

Kazakhstan President Nursultan Nazarbayev shocked the nation on Tuesday by announcing his resignation after nearly 30 years in power. The Central Asian strongman, 78, had ruled Kazakhstan since before the collapse of the Soviet Union and leaves no obvious

Published 20 Mar, 2019 12:00am

Two dead, dozens trapped, in India building collapse

At least two people have died and dozens are feared trapped under rubble after a building site collapsed Tuesday in India's southern Karnataka state, officials told AFP. Rescue teams and ambulances were scrambling to Dharwad district, roughly 700 kilometr

Published 20 Mar, 2019 12:00am

UN presents new plan for Yemen pullback from key port

The United Nations will put forward a new plan for the pullback of forces from Yemen's flashpoint city of Hodeida to the government and Huthi rebels, a UN envoy said Tuesday. The redeployment of forces was agreed in December under a ceasefire deal reached

Published 20 Mar, 2019 12:00am

Nadra informs NA body: Over 155,000 CNICs blocked on intelligence reports

National Database and Registration Authority (Nadra) has informed the National Assembly Standing Committee on Government Assurances that a total of 155,046 identity cards have been blocked on the reports of intelligence and law enforcement agencies.

Published 20 Mar, 2019 12:00am

Currency	Rate
USD PKR Interbank Selling / Feb 28	279.70
USD PKR Interbank Buying / Feb 28	279.50
USD to Japanese Yen / Mar 3	150.32
USD to Swiss Franc / Mar 3	0.90
Pound Sterling to USD / Mar 3	1.26
Euro to USD / Mar 3	1.04
UK LIBOR % / Feb 28	4.96

Stock	Volume
S&P 500 / Feb 28	5,954.50
Nasdaq / Feb 28	18,847.28
Dow Jones / Feb 28	43,840.91
India Sensex / Mar 3	72,831.68
Tokyo Nikkei / Mar 3	37,827
Hang Seng / Mar 3	22,919.35
FTSE 100 / Mar 3	8,832.38
Germany DAX 30 / Mar 3	22,667.62
France CAC40 / Mar 3	8,120.87

Item	Value
Karachi Cotton PKR/37.32 KG / Feb 28	17,785
Gold 10 Grams PKR / Feb 28	257,639
Petrol/Litre / Mar 3	255.63
Crude Oil USD/Barrel / Mar 3	70.04
Gold Spot USD/Ounce / Mar 3	2,864.34
Diesel/Litre / Mar 3	258.64
Cotton US¢/pound / Mar 3	65.93

Stock	Price
First Elite Cap.Mod / Mar 3 First Elite Capital Modaraba(FECM)	8.44 ▲ 1 (13.44%)
Tri-Star Mutual / Mar 3 Tri-Star Mutual Fund Limited(TSMF)	8.87 ▲ 0.87 (10.87%)
S.S.Oil / Mar 3 S.S.Oil Mills Limited(SSOM)	97.16 ▲ 8.83 (10%)
Shadab Textile / Mar 3 Shadab Textile Mills Limited(SHDT)	24.89 ▲ 2.16 (9.5%)
Pak Gulf Leasing / Mar 3 Pak-Gulf Leasing Company Limited(PGLC)	20.18 ▲ 1.67 (9.02%)
First Tri-Star Mod. / Mar 3 First Tri-Star Modaraba(FTSM)	13.96 ▲ 1.09 (8.47%)
Sally Textile / Mar 3 Sally Textile Mills Limited(SLYT)	10.79 ▲ 0.79 (7.9%)
Sitara Chemical / Mar 3 Sitara Chemical Industries Limited(SITC)	343.99 ▲ 23.99 (7.5%)
Fazal Cloth / Mar 3 Fazal Cloth Mills Limited(FZCM)	159.99 ▲ 11.16 (7.5%)
Agritech Limited / Mar 3 Agritech Limited(AGL)	52.02 ▲ 3.5 (7.21%)

Stock	Price
Organic Meat (R) / Mar 3 The Organic Meat Company Limited (R)(TOMCLR)	3.88 ▼ -1 (-20.49%)
F.Credit & Inv / Mar 3 First Credit and Investment Bank Limited(FCIBL)	7.35 ▼ -0.91 (-11.02%)
Descon Oxychem / Mar 3 Descon Oxychem Limited(DOL)	24.20 ▼ -2.89 (-10.67%)
Khalid Siraj / Mar 3 Khalid Siraj Textile Mills Limited(KSTM)	8.60 ▼ -1 (-10.42%)
At-Tahur Ltd. / Mar 3 At-Tahur Limited(PREMA)	26.60 ▼ -2.96 (-10.01%)
Sanghar Sugar / Mar 3 Sanghar Sugar Mills Limited(SANSM)	44.64 ▼ -4.96 (-10%)
Prosperity Weav / Mar 3 Prosperity Weaving Mills Limited(PRWM)	30.60 ▼ -3.4 (-10%)
Supernet Ltd. / Mar 3 Supernet Limited (GEM)(GEMSPNL)	18.90 ▼ -2.1 (-10%)
Karam Ceramics / Mar 3 Karam Ceramics Limited(KCL)	55.58 ▼ -6.17 (-9.99%)
Dadex Eternit / Mar 3 Dadex Eternit Limited(DADX)	65.75 ▼ -7.3 (-9.99%)

Stock	Volume
Pak Int.Bulk / Mar 3 Pakistan International Bulk Terminal(PIBTL)	52,248,016 ▼ -0.18
WorldCall Telecom / Mar 3 Worldcall Telecom Limited(WTL)	43,457,950 ▼ -0.01
National Bank / Mar 3 National Bank of Pakistan(NBP)	28,271,548 ▼ -1.01
GhaniGlobalGlass / Mar 3 Ghani Global Glass Limited(GGGL)	21,759,040 ▼ -0.66
Maple Leaf Cement / Mar 3 Maple Leaf Cement Factory Limited(MLCF)	16,566,639 ▼ -0.16
B.O.Punjab / Mar 3 The Bank of Punjab(BOP)	13,653,131 ▼ -0.22
Cnergyico PK / Mar 3 Cnergyico PK Limited(CNERGY)	12,590,447 ▼ -0.24
Citi Pharma Ltd / Mar 3 Citi Pharma Ltd.(CPHL)	10,691,893 ▼ -7.91
Symmetry Group / Mar 3 Symmetry Group Limited(SYM)	10,302,311 ▲ 0.47
Bank Makramah / Mar 3 Bank Makramah Limited(BML)	8,840,086 ▼ -0.12

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