News Archives for Print - 2019-03-24

CBOT wheat futures end firmer

Chicago Board of Trade (CBOT) wheat futures traded lower most of the day on Thursday but closed firmer, lifted by technical buying and late-session short-covering, traders said. Futures were buoyed by spillover support from higher corn, which rose on worr

Published 24 Mar, 2019 12:00am

Western Europe starts sugar beet planting

Farmers in western Europe have begun sugar beet planting, with first indications pointing to a drop in area for the next harvest after a price slump fuelled by the end of European Union production quotas. The market downturn has prompted Europe's biggest

Published 24 Mar, 2019 12:00am

CBOT soyabean futures rise on short-covering

Chicago Board of Trade soyabean futures closed firmed on Thursday on short-covering and spillover support from higher corn, traders said. CBOT May soyabeans settled up 4-1/2 cents at $9.10-1/2 per bushel. CBOT May soyameal ended up $3.70 at $315.30 per sh

Published 24 Mar, 2019 12:00am

India's gold demand eases as traders defer buying

Demand for physical gold moderated this week in India as many jewellers held off on purchases ahead of the end of the country's financial year to pay off advance taxes, while premiums in Singapore rose slightly on tight supplies.

Published 24 Mar, 2019 12:00am

Borrowers cash in as UK banks seek triple-A bonds

As Britain inches towards Brexit, the market for top-rated sterling bonds has had its busiest start to the year on record, driven by UK banks' clamour for super-safe triple-A rated debt in order to meet stringent new safeguards imposed by regulators.

Published 24 Mar, 2019 12:00am

Borrowers cash in as UK banks seek triple-A bonds

As Britain inches towards Brexit, the market for top-rated sterling bonds has had its busiest start to the year on record, driven by UK banks' clamour for super-safe triple-A rated debt in order to meet stringent new safeguards imposed by regulators.

Published 24 Mar, 2019 12:00am

US money fund assets post biggest drop in nine months

US money market fund assets recorded their steepest drop in nine months as Wall Street had posted hefty gains tied to optimism on trade talks between China and the United States, a report released on Wednesday showed.

Published 24 Mar, 2019 12:00am

US money fund assets post biggest drop in nine months

US money market fund assets recorded their steepest drop in nine months as Wall Street had posted hefty gains tied to optimism on trade talks between China and the United States, a report released on Wednesday showed.

Published 24 Mar, 2019 12:00am

Foreign investors turned net buyers of Asian bonds

Foreigners turned net buyers of Asian bonds in February, however the flows were uneven as political uncertainty in parts of the region dampened optimism that the United States and China were inching toward a trade deal.

Published 24 Mar, 2019 12:00am

Foreign investors turned net buyers of Asian bonds

Foreigners turned net buyers of Asian bonds in February, however the flows were uneven as political uncertainty in parts of the region dampened optimism that the United States and China were inching toward a trade deal.

Published 24 Mar, 2019 12:00am

Two big Malaysian IPOs set for Q2 launch

Malaysia's poultry producer Leong Hup International and fast food operator QSR Brands are in advanced stages of launching their initial public offerings in the second quarter, which would revive the nation's moribund primary market, sources said.

Published 24 Mar, 2019 12:00am

Two big Malaysian IPOs set for Q2 launch

Malaysia's poultry producer Leong Hup International and fast food operator QSR Brands are in advanced stages of launching their initial public offerings in the second quarter, which would revive the nation's moribund primary market, sources said.

Published 24 Mar, 2019 12:00am

Wall Street tumbles on global economic slowdown fears

Wall Street stocks sold off sharply on Friday, with all three major US stock indexes posting their biggest one-day percentage declines since Jan. 3, as weak factory data from the United States and Europe led to an inversion of US Treasury yields, fuelling

Published 24 Mar, 2019 12:00am

Currency

African currencies week ahead: Kenyan shilling seen weakening, other African currencies stable

Kenya's shilling is expected to lose momentum against the US dollar in the coming week but most other African currencies are likely to remain stable.

Published 24 Mar, 2019 12:00am

Currency

Bashir bans hoarding of Sudanese pounds

Sudan's President Omar al-Bashir banned hoarding of the Sudanese pound and "speculation" on the currency, a presidency statement said on Thursday, as anti-government protesters again clashed with security forces in several cities. Bashir has faced three m

Published 24 Mar, 2019 12:00am

Currency

Canadian dollar hits 11-day low

The Canadian dollar weakened to a near two-week low against the greenback on Friday as moves in the bond market and domestic retail sales data pointed to a slowdown in Canada's economy that could forestall further Bank of Canada interest rate hikes.

Published 24 Mar, 2019 12:00am

Currency

Aussie, kiwi seen defying gravity

Many analysts are keeping the faith with the Australian and New Zealand dollars, projecting moderate gains in coming months even as markets move aggressively to price in the risk of interest rate cuts in both countries. A Reuters survey of up to 50 analys

Published 24 Mar, 2019 12:00am

Currency

Speculators lift net long dollar bets to new high

Speculators raised their net long bets on the US dollar to a new 2019 high in the latest week, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday. The value of the net long dollar position was $29.48 bill

Published 24 Mar, 2019 12:00am

Currency

Dollar sinks against yen as Treasury curve flashes warning

The dollar fell against the safe-haven Japanese yen on Friday as dismal US manufacturing data fuelled worries about the wider economy, and Treasury bond yields signalled growing fears of a recession. The dollar, however, rose against the euro as a much we

Published 24 Mar, 2019 12:00am

US agency error exposes 2.3 million disaster survivors to fraud

The US Federal Emergency Management Agency (FEMA) exposed 2.3 million disaster survivors to possible identity theft and fraud by improperly sharing sensitive personal information with an outside company, according to an internal government watchdog.

Published 24 Mar, 2019 12:00am

Citi fires eight Hong Kong traders after review finds misconduct

Citigroup Inc has fired eight bankers and suspended three others from its equities trading desk in Hong Kong after an internal probe revealed misconduct in their dealings with clients, people with knowledge of the matter said. The action was taken after a

Published 24 Mar, 2019 12:00am

IDB cancels China meeting

The Inter-American Development Bank said Friday its annual meeting would exit China after the United States led objections to Beijing's refusal to grant a visa to the Venezuelan representative backed by Washington. The bank, which provides development fun

Published 24 Mar, 2019 12:00am

Currency

US blacklists Venezuelan state banks

The United States imposed sanctions on Friday on Venezuela's development bank, Bandes, a day after the Trump administration warned there would be consequences for the arrest by Venezuelan authorities of opposition leader Juan Guaido's top aide. The US Tre

Published 24 Mar, 2019 12:00am

State-sponsored cyberattacks on banks on the rise

Cyberattacks on financial institutions are increasingly being linked to nation-states, resulting in destructive and disruptive damages rather than just theft, according to a report by the Carnegie Endowment for International Peace. Out of 94 cases of cybe

Published 24 Mar, 2019 12:00am

China dumped steel wheels on US market

The US Commerce Department has found China unfairly subsidized steel wheels exported to the United States and sold them at prices below fair value, the department announced on Friday in its final determination. If the US International Trade Commission iss

Published 24 Mar, 2019 12:00am

Norway airlifting 1,300 passengers off SOS cruise ship

Emergency services said on Saturday they had begun airlifting 1,300 passengers from a cruise ship in trouble off the Norwegian coast. The Viking Sky cruise ship sent an SOS message due to "engine problems in bad weather", southern Norway's rescue centre s

Published 24 Mar, 2019 12:00am

Twin cyclones batter Australia

A "very destructive" category 4 cyclone slammed into Australia's remote northern coast on Saturday, while a second, equally powerful storm bore down on the country's west. Cyclone Trevor, pushing a big storm tide and packing winds of up to 250 kilometres

Published 24 Mar, 2019 12:00am

Kazakhstan renames capital Nur-Sultan

Kazakhstan renamed its capital Astana as Nur-Sultan on Saturday in honour of veteran leader Nursultan Nazarbayev, who unexpectedly resigned this week after almost 30 years in power. It is the fourth time the city's name has been changed within six decades

Published 24 Mar, 2019 12:00am

Russian protesters rally against Kremlin policies

Several thousand supporters of Russia's Communist Party rallied in Moscow against government policies, with some attacking President Vladimir Putin who they said was personally responsible for entrenched corruption and rising prices. The Communists had ca

Published 24 Mar, 2019 12:00am

26 dead in central China tour bus fire

Twenty six people were killed and 30 injured after a tourist bus caught fire in central China, local officials said. The vehicle burst into flames as it drove through Hunan province Friday with 56 people on board - including 53 passengers, two drivers and

Published 24 Mar, 2019 12:00am

Three killed in twin blasts at Afghan ceremony

At least three people were killed and 30 wounded in twin explosions inside a stadium hosting an agricultural show in southern Afghanistan on Saturday, officials said. The blasts happened in Lashkar Gah, the capital of volatile Helmand province, as people

Published 24 Mar, 2019 12:00am

Dubai projects NZ PM's image on iconic skyscraper

Dubai has projected the image of New Zealand premier Jacinda Ardern onto its iconic Burj Khalifa, the world's tallest skyscraper, in thanks for her response to last week's mosque shootings. Dubai ruler Sheikh Mohammed bin Rashid Al-Maktoum praised Ardern'

Published 24 Mar, 2019 12:00am

French police out in force to prevent 'yellow vest' violence

Thousands of police fanned out across Paris and other French cities Saturday for the 19th consecutive week of "yellow vest" protests, as the government faced intense pressure to avoid a repeat of the rioting and looting that marred last week's rally in th

Published 24 Mar, 2019 12:00am

Wagah border echoes with Allah-o-Akbar, Pakistan Zindabad slogans

The Wagah Border echoed with slogans Allah-o-Akbar and Pakistan Zindabad on the occasion of an impressive flag-lowering ceremony held on March 23, Saturday. A large number of people including emotionally charged women, children, old and youths attended th

Published 24 Mar, 2019 12:00am

Prices of essential kitchen items decline

The prices of essential kitchen items, especially vegetables, chicken, eggs and fruits have witnessed decline during this week past compared to preceding week, revealed a survey conducted by Business Recorder Saturday. The survey noted that vegetab

Published 24 Mar, 2019 12:00am

Pakistan Day Parade DG ISPR thanks participants

Director General (DG) Inter-Services Public Relations (ISPR) Major General Asif Ghafoor in his tweet on Saturday has thanked all the participants of Pakistan Day Parade national campaign promos Saturday. Major General Asif Ghafoor also thanked all Pakista

Published 24 Mar, 2019 12:00am

KP governor confers civil awards in Peshawar

Governor Khyber Pakhtunkhwa Shah Farman on behalf of the President of Pakistan Dr Arif Alvi, on eve of Pakistan Day conferred four civil awards at ceremony here at Governor's House. One personality of the province Cricketer Yasir Shah got Sitara-I-Imtiaz

Published 24 Mar, 2019 12:00am

PM summons cabinet meeting on 26

Prime Minister Imran Khan has summoned a meeting of the federal cabinet on March 26 to discuss the country's economic and political situation. The cabinet will take up a 20-point agenda. The prime minister will brief his cabinet about Malaysian Prime Mini

Published 24 Mar, 2019 12:00am

ANP slams PTI government over BRT project

ANP general secretary Mian Iftikhar Hussain has said Bus Rapid Transit (BRT) project has unveiled the real face of the PTI government in Khyber Pakhtunkhwa as it is not only corrupt rather a deadly incompetent.

Published 24 Mar, 2019 12:00am

President Alvi confers military awards upon PAF officers

President Dr Arif Alvi on Saturday conferred non-operational military awards upon officers of Pakistan Air Force (PAF) on the occasion of Pakistan Day. According to a statement issued here, Air Marshal Zaheer Ahmad Babar, Air Marshal Javad Saeed and Air M

Published 24 Mar, 2019 12:00am

Mahathir for promoting tourism between Malaysia and Pakistan

Prime Minister of Malaysia Dr Mahathir Mohamad has emphasized the need for promoting people-to-people contacts and encouraging tourism between Pakistan and Malaysia to further bolster friendship and knowledge between the two countries.

Published 24 Mar, 2019 12:00am

Pakistan Resolution Day celebrated in China

The National Day of Pakistan was celebrated with national spirit and great fervour at Embassy of Pakistan, Beijing in a ceremony to mark the passing of Pakistan Resolution on 23rd March, 1940. The Pakistan Day ceremony commenced with the recitation of ver

Published 24 Mar, 2019 12:00am

Air Chief leads PAF formations in fly-past

The Chief of Air Staff Air Chief Marshal Mujahid Anwar Khan Saturday led the formations of Pakistan Air Force (PAF) in fly-past during Pakistan Day Parade. The air chief flew over the venue in an F-16 Block 52 aircraft performing a magnificent vertical ro

Published 24 Mar, 2019 12:00am

Pak-Afghan Highway: Tribesmen bulldoze 'unlawful' toll plaza in Khyber district

Tribesmen on Saturday demolished allegedly unlawful toll plaza, constructed at Pak-Afghan Highway, Katta Kushtha area of Jamrud, Khyber tribal district on Saturday. Thousands of anti-toll plaza and angry people, belonging from different tribes, including

Published 24 Mar, 2019 12:00am

Pakistan Day celebrated with traditional zeal, enthusiasm across KP

The 79th Pakistan Day was celebrated with traditional zeal and enthusiasm across Khyber Pakhtunkhwa on Saturday. Workers and members of different political parties, trade bodies, civil society organizations and people from different walk of life took part

Published 24 Mar, 2019 12:00am

Longest Pakistani flag flies at Governor House

Pakistan Youth Council and Lahore College for Women University on Pakistan Day made world record of the longest Pakistani flag by waving 400 meter long and 5 meter wide flag in Governor House. According to the details, Governor Punjab Mohammad Sarwar, wif

Published 24 Mar, 2019 12:00am

15th 3P Exhibition begins in Lahore

Pakistan's largest international show of plastic, printing and packaging, the 15th 3P Exhibition being held March 22 to 24 at the Lahore Expo Centre.

Published 24 Mar, 2019 12:00am

Sirajul Haq felicitated on being re-elected as JI chief

Acting chief of the Jamaat-e-Islami, Pakistan, Liaqat Baloch, has greeted Senator Sirjaul Haq on his re-election to the top office of the party, and expressed the hope that the trust of the JI Members (Arkan) in his leadership would prove a good augury fo

Published 24 Mar, 2019 12:00am

Tax officials for evaluating performance of LTUs

The performance evaluation of the Large Taxpayer Units (LTUs) had become due in order to assess its merits and demerits to the tax machinery, said tax officials. While requesting anonymity, they said this is right time to evaluate the performance of LTUs

Published 24 Mar, 2019 12:00am

JI slams attack on Mufti Usmani

Chief of Jamaat-e-Islami, Pakistan, Senator Sirajul Haq, Acting JI Chief Liaqat Baloch and other central leaders of the JI have strongly condemned the firing on eminent religious scholar Maulana Taqi Usmani, and the martyrdom of two Ulema in Karachi, and

Published 24 Mar, 2019 12:00am

Teacher, five children killed as school wall collapses

At least six people, including five children and a female teacher, were killed while more than a dozen others got injured when a school wall collapsed in Gujranwala on Saturday. According to the Gujranwala Deputy Commissioner, a wall of the KT Model Schoo

Published 24 Mar, 2019 12:00am

79th Pakistan Day: Punjab governor confers awards on 14 personalities

Governor Punjab Ch Mohammad Sarwar gave away civil awards to 14 personalities on behalf of the President for outstanding performance in different fields, on the occasion of Pakistan Day, here on Saturday.

Published 24 Mar, 2019 12:00am

PTI 'Salam Pakistan' anti-war rap song released

The ruling Pakistan Tehreek-e-Insaf on Saturday released a rap song on the occasion of Pakistan Day to pay tribute to the services of Prime Minister Imran Khan, nation's revered armed forces and people of Pakistan. The first of its kind, the patriotic nat

Published 24 Mar, 2019 12:00am

Cotton

Tajikistan to take advantage of PM's incentives package

Tajikistani investors and business community will take full advantage of excellent package of incentives offered to foreign investors by Prime Minister Imran Khan and this would help both the countries to take bilateral trade to $500 million per annum.

Published 24 Mar, 2019 12:00am

REAP delegation off to Saudi Arabia for rice promotion

A 17-member delegation of Rice Exporters Association of Pakistan (REAP) left for Saudi Arabia for promotion of Pakistani rice in the Kingdom. REAP senior vice chairman Ali Hussam Asghar is leading the delegation that will hold a number of events and busin

Published 24 Mar, 2019 12:00am

Businessmen voice concern over FBR's raids

The business community on Saturday expressed grave concern over a new wave of raids at business premises by the Federal Board of Revenue officials against the FBR Chairman' instructions.

Published 24 Mar, 2019 12:00am

SECP publishes FAQs about AML/CFT regime

The SECP has published frequently asked questions (FAQs) on anti-money laundering/countering financing of terrorism (AML/CFT), providing answers to specific questions. The FAQs provide clarifications on the SECP AML/CFT Regulations, 2018, and on guideline

Published 24 Mar, 2019 12:00am

ESL develops two rice hybrids for resisting BLB, LB diseases

Emkay Seed Limited (ESL) has developed two rice hybrids having resistance against Bacterial Leaf Blight (BLB) and Leaf Blast (LB), which are the main damaging factors in the rice production.

Published 24 Mar, 2019 12:00am

Issuance of promissory notes may start next month: FBR chief

Issuance and payment of promissory notes is expected to start next month, said Federal Board of Revenue (FBR) chairman Mohammad Jahan Zaib Khan.

Published 24 Mar, 2019 12:00am

90th birth anniversary: Bilawal pays tribute to Nusrat Bhutto

Pakistan People's Party (PPP) chairman Bilawal Bhutto-Zardari paid rich tribute to Begum Nusrat Bhutto on her 90th birth anniversary, saying Madar-e-Jamhooriyat (Mother of Democracy) was a brave and steadfast great daughter of Pakistan.

Published 24 Mar, 2019 12:00am

Buzdar for following Quaid's philosophy

The Punjab Chief Minister Sardar Usman Buzdar has called for working diligently for the country's progress and development. "We should work by making philosophy of Quaid-e-Azam our guiding principle; we need to renew our resolve to make Pakistan a strong

Published 24 Mar, 2019 12:00am

Maryam meets her ailing father at Kot Lakhpat jail

Pakistan Muslim League-Nawaz (PML-N) leader Maryam Nawaz on Saturday met her ailing father Nawaz Sharif at Kot Lakhpat Jail amid conflicting reports about health condition of the former prime minister who is in jail since December 2018 following his convi

Published 24 Mar, 2019 12:00am

Pakistan Resolution Day rally held at SU

the SU Department of General History, SU Pakistan Study Centre and Sindh Police Hyderabad Region in collaboration with Bureau of Students' Tutorial, Guidance, Counselling Services and Co-curricular Activities (STAGS), University of Sindh, Jamshoro organis

Published 24 Mar, 2019 12:00am

Kashf Foundation awards women entrepreneurs

Kashf Foundation, with the support of The Coca-Cola Export Corporation Pakistan, organized the Kashf Entrepreneurship Awards 2019 to recognize and honour the efforts and perseverance of Kashf female entrepreneurs and field staff from all across Pakistan,

Published 24 Mar, 2019 12:00am

Pakistan Day celebrated in Faisalabad

Pakistan Day was celebrated throughout the district with national enthusiasm and fervour with the renewal of pledge that we would utilize all energies and capabilities to get the Pakistan out of problems and would do utmost efforts for the development and

Published 24 Mar, 2019 12:00am

Sindh governor confers civil awards

Governor Sindh Imran Ismail gave away sitar-e-Imtiaz award to Professor Dr. Shahid A. Samee, Khaleem Lashari, Muhammad Ahmed Shah, Sajjad Ali, Muhammad Bashir Farooqui, Iqbal Ali Lakhani and Muhammad Younis Tabba, whereas Presidential award for pride of p

Published 24 Mar, 2019 12:00am

Level playing field demands deregulation of LNG sector

Noted businessman and Chairman Associated Group Iqbal Z Ahmed suggested that the government should ensure continued support to LNG sector and deregulate the sector for a level playing field. "There are many loopholes and the private sector's role in LNG h

Published 24 Mar, 2019 12:00am

Need stressed for improving economy

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said that the Muslims of the sub-continent has found a track of efforts since the Resolution of Pakistan passed on March 23, 1940 and that lead to the creation of Pakist

Published 24 Mar, 2019 12:00am

Pakistan Day expo held at SBP Museum

The State Bank of Pakistan (SBP) celebrated Pakistan Resolution Day on 23rd March, 2019 by holding a special exhibition "Art in Coinage" at SBP Museum, Karachi.

Published 24 Mar, 2019 12:00am

CM celebrates Pakistan Day with inmates of Central prison

Sindh Chief Minister Syed Murad Ali Shah told prisoners on Pakistan Day that he would not only give them remission for the current year but would also seek remission for the intervening period as they had not been given remission since 2013.

Published 24 Mar, 2019 12:00am

PBU rally expresses solidarity with Pakistan

The Pakistani Baloch Unity (PBU) on the occasion of Pakistan Day organized a rally in Quetta on Saturday to express solidarity with the motherland, show Baloch-Pashtoon unity with Pakistan Army and expose anti-Pakistan activities of hostile agencies, part

Published 24 Mar, 2019 12:00am

Confiscated vehicles to be auctioned tomorrow

FBR Karachi's Directorate General Intelligence and Investigation (DGI&I)-Customs, will auction confiscated vehicles on March 25. The auction will be held at DGI&I office in PECHS, Karachi on March 25, 2019 at 10 a.m., on the instructions of the Director G

Published 24 Mar, 2019 12:00am

Sindh CM, governor lay floral wreaths at Quaid's mausoleum

Sindh Chief Minister Syed Murad Ali Shah and Governor Imran Ismail on Saturday laid floral wreaths and offered fateha at Mazar-e-Quaid on the 79th Pakistan Day, here on Saturday. "Message of Pakistan Day is loud and clear that we have to unite like a stro

Published 24 Mar, 2019 12:00am

Country received around 54 percent more rains than normal

Pakistan received about 54 percent more rains than normal between Jan 1 and Mar 22, 2019, the Met Office has said. During the past 22 days, the country's rainfall was above normal, as comparatively Balochistan, Punjab and Sindh recorded a close to the usu

Published 24 Mar, 2019 12:00am

Free medical treatment to cop's kids: CM terms attack on Mufti Usmani 'a bid to destroy peace'

Sindh Chief Minister Syed Murad Ali Shah visited Mufti Taqi Usmani who survived a gun attack in Gulshan-e-Iqbal and expressed solidarity with him.

Published 24 Mar, 2019 12:00am

SC accepts Bahria Town offer

Hundreds of thousands of people in the country must have heaved a sigh of relief after Supreme Court accepted Bahria Town (Pvt) Limited's offer of Rs 460 billion for its Karachi Super Highway project land, and restrained National Accountability Bureau (NA

Published 24 Mar, 2019 12:00am

Accepting Golan annexation, Trump risks new precedents

US President Donald Trump is again breaking diplomatic norms in backing Israel's capture of the Golan Heights, with experts warning that he risks justifying expansionism by other countries.

Published 24 Mar, 2019 12:00am

The Pulwama incident: Is there any silver lining?

The February 2019 Pulwama standoff and de-escalation are generally welcomed. Albeit both India and Pakistan have backed down from the crisis situation after skirmishes and heaved a sigh of relief the question remains: is there any positive streak emanatin

Published 24 Mar, 2019 12:00am

Currency

Follow the example of Sudan's Omar

The incidence of cash holdings in Pakistan is too high, and it is growing fast - be it local or foreign currency. The utmost need is to bring the money back into the system for productive use. India did it through a demonetization exercise couple of years

Published 24 Mar, 2019 12:00am

Harmonization of taxes

During the recently concluded National Tax Conference titled "Taxation: a pathway to prosperity" organised by the Institute of Chartered Accounts it was revealed that the Federal Board of Revenue (FBR) and all the four provincial tax authorities have deve

Updated 26 Mar, 2019 06:11am

Judicial activism on elegant retreat

There are clear signs that judicial activism that permeated the tenures of former CJPs Iftikhar Chaudhry and Saqib Nisar is now on elegant retreat, and for the right reasons. Even when their decisions made bold headlines and won instant public praise in s

Updated 26 Mar, 2019 06:13am

US on edge for Russia probe findings on Trump

The US public and Washington's deeply divided political class faced an anxious wait Saturday to learn if the key findings of the Russian meddling probe will implicate President Donald Trump in serious wrongdoing. One day after Special Counsel Robert Muell

Published 24 Mar, 2019 12:00am

US on edge for Russia probe findings on Trump

The US public and Washington's deeply divided political class faced an anxious wait Saturday to learn if the key findings of the Russian meddling probe will implicate President Donald Trump in serious wrongdoing. One day after Special Counsel Robert Muell

Published 24 Mar, 2019 12:00am

Apple's CE urges China to continue to open up its economy

Apple chief executive Tim Cook on Saturday urged China to keep opening up its economy as local rivals bit into the profits of the US tech giant caught in the crosshairs of a trade spat between Beijing and Washington. "We have seen China continue to change

Published 24 Mar, 2019 12:00am

Apple's CE urges China to continue to open up its economy

Apple chief executive Tim Cook on Saturday urged China to keep opening up its economy as local rivals bit into the profits of the US tech giant caught in the crosshairs of a trade spat between Beijing and Washington. "We have seen China continue to change

Published 24 Mar, 2019 12:00am

Syria force takes IS bastion, 'caliphate' wiped out

Kurdish-led forces pronounced the death of the Islamic State group's nearly five-year-old "caliphate" Saturday after flushing out diehard jihadists from their very last bastion in eastern Syria. Fighters of the US-backed Syrian Democratic Forces raised th

Published 24 Mar, 2019 12:00am

Syria force takes IS bastion, 'caliphate' wiped out

Kurdish-led forces pronounced the death of the Islamic State group's nearly five-year-old "caliphate" Saturday after flushing out diehard jihadists from their very last bastion in eastern Syria. Fighters of the US-backed Syrian Democratic Forces raised th

Published 24 Mar, 2019 12:00am

Mobile phone levy, taxes: SBP tells banks to ensure payment through OTC channel

The State Bank of Pakistan (SBP) has advised banks to ensure payment of mobile phone levy and other taxes through Over-the-Counter (OTC) facility. The project of ''Online Collection of Government Taxes & Duties" was officially launched on March 20, 2018,

Published 24 Mar, 2019 12:00am

Mobile phone levy, taxes: SBP tells banks to ensure payment through OTC channel

The State Bank of Pakistan (SBP) has advised banks to ensure payment of mobile phone levy and other taxes through Over-the-Counter (OTC) facility. The project of 'Online Collection of Government Taxes & Duties" was officially launched on March 20, 2018, e

Published 24 Mar, 2019 12:00am

Mobile phone levy, taxes: SBP tells banks to ensure payment through OTC channel

The State Bank of Pakistan (SBP) has advised banks to ensure payment of mobile phone levy and other taxes through Over-the-Counter (OTC) facility. The project of 'Online Collection of Government Taxes & Duties" was officially launched on March 20, 2018, e

Published 24 Mar, 2019 12:00am

Two blasts kill four at Afghan stadium celebration

Two explosions went off at a celebration in a stadium in the Afghan city of Lashkar Gah on Saturday, killing four people and wounding 31, government officials said. The blasts came during a Farmers Day celebration in the southern city that was attended by

Published 24 Mar, 2019 12:00am

Two blasts kill four at Afghan stadium celebration

Two explosions went off at a celebration in a stadium in the Afghan city of Lashkar Gah on Saturday, killing four people and wounding 31, government officials said. The blasts came during a Farmers Day celebration in the southern city that was attended by

Published 24 Mar, 2019 12:00am

MoC finalises nine names for EDF board

The Ministry of Commerce and Textile has finalised nine members of the Export Development Fund''s new Board comprising Prime Minister Advisor, Abdul Razak Dawood, official sources told Business Recorder. Giving the background of the EDF board''s hi

Published 24 Mar, 2019 12:00am

MoC finalises nine names for EDF board

The Ministry of Commerce and Textile has finalised nine members of the Export Development Fund's new Board comprising Prime Minister Advisor, Abdul Razak Dawood, official sources told Business Recorder. Giving the background of the EDF board's hist

Published 24 Mar, 2019 12:00am

MoC finalises nine names for EDF board

The Ministry of Commerce and Textile has finalised nine members of the Export Development Fund's new Board comprising Prime Minister Advisor, Abdul Razak Dawood, official sources told Business Recorder. Giving the background of the EDF board's hist

Published 24 Mar, 2019 12:00am

Protesters rally against EU Internet copyright reform

Tens of thousands of demonstrators rallied in Germany on Saturday to protest against an imminent EU copyright reform. Crowds protested in Berlin, Munich and other cities under the slogan "Save the Internet". They called on the European Parliament to rejec

Published 24 Mar, 2019 12:00am

Protesters rally against EU Internet copyright reform

Tens of thousands of demonstrators rallied in Germany on Saturday to protest against an imminent EU copyright reform. Crowds protested in Berlin, Munich and other cities under the slogan "Save the Internet". They called on the European Parliament to rejec

Published 24 Mar, 2019 12:00am

'Pakistan Day': Special service held at Westminster Abbey church in London

The Westminster Abbey, which was founded in 960 AD, organised a special evensong in connection with the Pakistan Resolution Day, as per tradition. The special service was held on the eve of March 23, says a press release received here on Saturday from Lon

Published 24 Mar, 2019 12:00am

PPP announces schedule of Caravan-e-Bhutto

Pakistan People's Party (PPP) has announced the schedule of party chairman Bilawal Bhutto-Zardari's 'Caravan-e-Bhutto' regarding the 40th Yaum-e-Shahadat of Quaid-e-Awam Shaheed Zulfikar Ali Bhutto. The 40th Yaum-e-Shahadat would be commemorated with grea

Published 24 Mar, 2019 12:00am

PM will take cabinet into confidence on Mahathir's visit

The Federal Cabinet on Tuesday is likely to give approval for notification of DG (I&I-IRS) Federal Board of Revenue (FBR) as prosecuting and investigating agency under Anti Money Laundering Act (AML) 2010 while it will be briefed by the Finance Minister o

Published 24 Mar, 2019 12:00am

Currency	Rate
USD PKR Interbank Selling / Dec 24	278.53
USD PKR Interbank Buying / Dec 24	278.33
USD to Japanese Yen / Dec 24	157.14
USD to Swiss Franc / Dec 24	0.90
Pound Sterling to USD / Dec 24	1.25
Euro to USD / Dec 24	1.04

Stock	Volume
Germany DAX 30 / Dec 23	19,848.77
S&P 500 / Dec 24	6,040.04
India Sensex / Dec 24	78,472.87
Tokyo Nikkei / Dec 24	38,986.40
Nasdaq / Dec 24	20,031.13
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,136.99
Dow Jones / Dec 24	43,297.03

Item	Value
Crude Oil USD/Barrel / Dec 24	70.10
Karachi Cotton PKR/37.32 KG / Dec 24	17,785
Gold 10 Grams PKR / Dec 24	240,487.70
Gold Spot USD/Ounce / Dec 24	2,616.87
Cotton US¢/pound / Dec 24	68.78
Petrol/Litre / Dec 25	252.10

Stock	Price
Sec. Inv. Bank / Dec 24 Security Investment Bank Limited(SIBL)	5.99 ▲ 1.00 (20.04%)
Next Capital / Dec 24 Next Capital Limited(NEXT)	8.90 ▲ 1.00 (12.66%)
Pak Agro Pack. (GEM) / Dec 24 Pak Agro Packaging Limited (GEM)(GEMPAPL)	9 ▲ 1.00 (12.50%)
Ghani Chem. Ind. / Dec 24 Ghani Chemical Industries Limited(GCIL)	16.13 ▲ 1.47 (10.03%)
Pak Gulf Leasing / Dec 24 Pak-Gulf Leasing Company Limited(PGLC)	14.37 ▲ 1.31 (10.03%)
Popular Islamic / Dec 24 Popular Islamic Modaraba(PIM)	15.58 ▲ 1.42 (10.03%)
Mandviwala / Dec 24 Mandviwala Mauser Plastic Industries(MWMP)	16.59 ▲ 1.51 (10.01%)
Blessed Tex. / Dec 24 Blessed Textiles Limited(BTL)	301.77 ▲ 27.43 (10.00%)
Crescent Cotton / Dec 24 Crescent Cotton Mills Limited(CCM)	55 ▲ 5.00 (10.00%)

Stock	Price
S.G.Power / Dec 24 S.G. Power Limited(SGPL)	10.58 ▼ -1.18 (-10.03%)
Olympia Mills / Dec 24 Olympia Mills Limited(OML)	36 ▼ -4.00 (-10.00%)
J.A.Textile / Dec 24 J.A. Textile Mills Limited(JATM)	33.95 ▼ -3.77 (-9.99%)
Sanghar Sugar / Dec 24 Sanghar Sugar Mills Limited(SANSM)	26.16 ▼ -2.90 (-9.98%)
I.C.C. Ind. / Dec 24 ICC Industries Limited(ICCI)	9.85 ▼ -1.07 (-9.80%)
National Silk / Dec 24 The National Silk & Rayon Mills Limited(NSRM)	50.01 ▼ -5.43 (-9.79%)
Gulshan Sp. / Dec 24 Gulshan Spinning Mills Limited(GSPM)	4.10 ▼ -0.40 (-8.89%)
Crescent Fib. / Dec 24 Crescent Fibres Limited(CFL)	40.16 ▼ -3.81 (-8.66%)
Reliance Ins. / Dec 24 Reliance Insurance Company Limited(RICL)	11.55 ▼ -1.05 (-8.33%)

Stock	Volume
WorldCall Telecom / Dec 24 Worldcall Telecom Limited(WTL)	126,573,463 ▲ 0.05
Fauji Foods Ltd / Dec 24 Fauji Foods Limited(FFL)	66,984,381 ▲ 0.49
Cnergyico PK / Dec 24 Cnergyico PK Limited(CNERGY)	66,471,663 ▼ -0.27
Pak Elektron / Dec 24 Pak Elektron Limited(PAEL)	38,651,653 ▼ -1.53
K-Electric Ltd. / Dec 24 K-Electric Limited(KEL)	36,108,956 ▼ -0.18
Sui South Gas / Dec 24 Sui Southern Gas Company Limited(SSGC)	33,467,532 ▼ -0.50
P.T.C.L. / Dec 24 Pakistan Telecommunication Company Ltd(PTC)	33,030,118 ▼ -1.31
TRG Pak Ltd / Dec 24 TRG Pakistan Limited(TRG)	29,441,264 ▲ 3.35
Pace (Pak) Ltd. / Dec 24 Pace (Pakistan) Limited(PACE)	28,106,970 ▼ -0.18

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