News Archives for Print - 2019-03-25

The Weather

The weather report on Sunday (March 24, 2019) and the forecast for Monday (March 25, 2019).

Published 25 Mar, 2019 12:00am

Returns on Profit and Loss Sharing Investment Bank Accounts (JANUARY TO JUNE 2018)

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

Published 25 Mar, 2019 12:00am

Currency

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (March 18 to 22, 2019).

Published 25 Mar, 2019 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 25 Mar, 2019 12:00am

Xavi won't play for Catalonia against Venezuela

Former Barcelona and Spain midfielder Xavi Hernandez said on Sunday that his Qatari club would not release him to play for Catalonia against Venezuela. The match in Girona on Monday is politically fraught, with the status of autonomous community Catalonia

Published 25 Mar, 2019 12:00am

Euro 2020 qualifier: Ramos helps Spain edge Norway, Kean stars for Italy

Sergio Ramos scored a second-half penalty to help Spain beat a spirited Norway 2-1 on Saturday in their opening Euro 2020 qualifier, while teenage striker Moise Kean netted in Italy's win over Finland. Spain were not at their clinical best in Valencia, bu

Published 25 Mar, 2019 12:00am

Sri Lanka's tour ends in second whitewash in South Africa

A tour that started with an unexpected Test series triumph ended with a second successive limited overs series humiliation for Sri Lanka when South Africa won the third and final Twenty20 international on Sunday. South Africa made a daunting 198 for two a

Published 25 Mar, 2019 12:00am

Shift in emphasis to ODIs has helped England, says Morgan

England's limited-overs captain Eoin Morgan said switching focus to one-day international (ODI) cricket had helped to raise the bar of the sport in the country with the team looking at the Ashes and World Cup on home soil as equally important.

Published 25 Mar, 2019 12:00am

Ufone Balochistan Football Super8 stage begins, trophy unveiled

Quetta's Mali Bagh Stadium is all set to host the Super8 stage of the Ufone Balochistan Football Cup's 3rd Edition. According to an announcement of the company here on Sunday, eight teams have made it to the Super8 stage of the tournament, ready to play a

Published 25 Mar, 2019 12:00am

Federer rallies to beat 46th-ranked Albot in Miami opener

Roger Federer battled back from a set down to overcome 46th-ranked Radu Albot 4-6, 7-5, 6-3 on Saturday and reach the third round of the ATP and WTA Miami Open. Moldova's Albot superbly took hold of the match and posed plenty of problems for the 20-time G

Published 25 Mar, 2019 12:00am

Kerb

Osaka, Zverev stunned, Serena withdraws

Naomi Osaka crashed out of the third round of the WTA and ATP Miami Open on Saturday as Hsieh Su-Wei exacted revenge for a painful Australian Open defeat with a 4-6, 7-6 (7/4), 6-3 victory. World number one Osaka had looked in little danger after winning

Published 25 Mar, 2019 12:00am

Durham defend making ball-tamperer Bancroft their captain

Durham insisted shamed Australia batsman Cameron Bancroft is "the best available option" to captain the northeast English county. Bancroft was banned for nine months for ball-tampering in a Test against South Africa in Cape Town last March while Australia

Published 25 Mar, 2019 12:00am

Australia take 2-0 lead against Pakistan

Australia, riding on a century from skipper Aaron Finch, beat Pakistan by eight wickets in the second one-day international in Sharjah on Sunday, taking a 2-0 lead in the five-match series. Finch scored 153 not out for his 13th century and highest ODI sco

Published 25 Mar, 2019 12:00am

Researchers discover how sleep helps the body fight germs

It looks like your mother was right: when you've got a cold, sleep may be the best medicine. German researchers have discovered one way sleep improves the body's ability to fight off a cold. Sleep, it seems, strengthens the potency of certain immune cells

Published 25 Mar, 2019 12:00am

Death rate from cancer declines in EU: study

The death rate from cancer has been falling for half a decade in the EU, researchers said Tuesday, although the overall number is expected to rise to 1.4 million this year due to an expanding population. The chances of dying from cancer for men has droppe

Published 25 Mar, 2019 12:00am

Tuberculosis can be eradicated by 2045, opine experts

The world can eradicate tuberculosis by 2045 if the fight against the killer disease is properly funded, an international team of experts said on Wednesday. Warning of the immense economic and social costs of inaction, they said that better screening, tre

Published 25 Mar, 2019 12:00am

Short walk once or twice a week lowers risk of heart attacks

A brisk stroll once or twice a week is enough to reduce the risk of dying from heart attack, stroke or cancer, according to a statistical study of nearly 90,000 people released on Tuesday. People who walked or gardened 10 minutes to an hour each week had

Published 25 Mar, 2019 12:00am

Google launches game-streaming platform

Google on Tuesday unveiled a video-game streaming platform called Stadia, positioning itself to take on the traditional video-game business. The platform will store a game-playing session in the cloud and lets players jump across devices operating on Goog

Published 25 Mar, 2019 12:00am

'China's Huawei hinders carriers from shifting suppliers for 5G'

AT&T Inc Chief Executive Randall Stephenson said Wednesday that China's Huawei Technologies Co Ltd is making it very difficult for European carriers to drop the company from its supply chain for next-generation 5G wireless service. "If you have deployed H

Published 25 Mar, 2019 12:00am

Comcast Corp to launch new internet streaming video service

Comcast Corp said on Thursday it will launch a new internet streaming video service called Xfinity Flex, as the US cable operator targets TV viewers who prefer watching content online over more expensive cable TV packages. Like the rest of the cable indus

Published 25 Mar, 2019 12:00am

Instagram moves into e-commerce with shopping button

Facebook-owned Instagram on Tuesday made a move into potentially lucrative e-commerce by adding an option to buy products shown off in posts by selected brands. A new "checkout" button for instant purchasing launched in a beta version of the app in the US

Published 25 Mar, 2019 12:00am

Smartphone-like software finally heads to space

Once a traditional satellite is launched into space, its physical hardware and computer software stay mostly immutable for the rest of its existence as it orbits the Earth, even as the technology it serves on the ground continues to change. Just as some a

Published 25 Mar, 2019 12:00am

UK's Next profit edges lower on falling store sales

British clothing chain Next forecast a fourth straight fall in annual profit on Thursday as it grapples with the sector's structural shift from physical stores to online.

Published 25 Mar, 2019 12:00am

UK's Next profit edges lower on falling store sales

British clothing chain Next forecast a fourth straight fall in annual profit on Thursday as it grapples with the sector's structural shift from physical stores to online.

Published 25 Mar, 2019 12:00am

Electric shift prompts belt-tightening steps for German carmakers

German carmakers are increasingly turning to electric vehicles to master tough new emissions limits looming in the EU, but the shift away from internal combustion engines will entail years of lower margins and profits, cost cutting and job losses.

Published 25 Mar, 2019 12:00am

Electric shift prompts belt-tightening steps for German carmakers

German carmakers are increasingly turning to electric vehicles to master tough new emissions limits looming in the EU, but the shift away from internal combustion engines will entail years of lower margins and profits, cost cutting and job losses.

Published 25 Mar, 2019 12:00am

PetroChina plans biggest capital Expenditure

PetroChina, Asia's largest oil and gas producer, plans to boost capital spending to 300 billion yuan ($45 billion) in 2019, up 17 percent from last year, a company filing to the Hong Kong Stock Exchange showed. The surge in expenditure to a near-record le

Published 25 Mar, 2019 12:00am

PetroChina plans biggest capital Expenditure

PetroChina, Asia's largest oil and gas producer, plans to boost capital spending to 300 billion yuan ($45 billion) in 2019, up 17 percent from last year, a company filing to the Hong Kong Stock Exchange showed. The surge in expenditure to a near-record le

Published 25 Mar, 2019 12:00am

Deutsche, Commerzbank in tie-up talks

Goldman Sachs and Citi are helping Germany's two biggest lenders work on their potential $28 billion-plus merger, people close to the matter said on Monday. Deutsche Bank and Commerzbank confirmed on Sunday they are in tie-up talks following months of pre

Published 25 Mar, 2019 12:00am

Deutsche, Commerzbank in tie-up talks

Goldman Sachs and Citi are helping Germany's two biggest lenders work on their potential $28 billion-plus merger, people close to the matter said on Monday. Deutsche Bank and Commerzbank confirmed on Sunday they are in tie-up talks following months of pre

Published 25 Mar, 2019 12:00am

Xiaomi beats profit view, sees more global expansion

Chinese smartphone maker Xiaomi Corp said on Tuesday its fourth-quarter net profit more than tripled to 1.85 billion yuan ($275.59 million), on stronger revenue. That exceeded the 1.7 billion yuan average estimate of 10 analysts, according to Refinitiv da

Published 25 Mar, 2019 12:00am

Xiaomi beats profit view, sees more global expansion

Chinese smartphone maker Xiaomi Corp said on Tuesday its fourth-quarter net profit more than tripled to 1.85 billion yuan ($275.59 million), on stronger revenue. That exceeded the 1.7 billion yuan average estimate of 10 analysts, according to Refinitiv da

Published 25 Mar, 2019 12:00am

Danske Bank executives waive 2018 bonuses after scandal

Former and current members of Danske Bank's executive board have waived bonuses for 2018 because of the money laundering scandal linked to the bank's Estonian branch. Danske Bank is under investigation in the United States, Denmark, Estonia, France and Br

Published 25 Mar, 2019 12:00am

Danske Bank executives waive 2018 bonuses after scandal

Former and current members of Danske Bank's executive board have waived bonuses for 2018 because of the money laundering scandal linked to the bank's Estonian branch. Danske Bank is under investigation in the United States, Denmark, Estonia, France and Br

Published 25 Mar, 2019 12:00am

UBS sounds pessimistic note on 2019 as Q1 revenues fall

UBS is to cut an extra $300 million in costs in 2019 after investment banking revenues plunged in the first quarter, Switzerland's biggest bank said, sounding a pessimistic note about full-year prospects. Chief Executive Sergio Ermotti, who outlined the c

Published 25 Mar, 2019 12:00am

UBS sounds pessimistic note on 2019 as Q1 revenues fall

UBS is to cut an extra $300 million in costs in 2019 after investment banking revenues plunged in the first quarter, Switzerland's biggest bank said, sounding a pessimistic note about full-year prospects. Chief Executive Sergio Ermotti, who outlined the c

Published 25 Mar, 2019 12:00am

Asia firms spend less and save more as China economy slows

Corporate spending in Asia is likely fall for the first time in three years, a Reuters analysis of Refinitiv data showed, as businesses conserve cash in the face of a stalling Chinese economy, an unresolved trade dispute and Brexit uncertainty. Capital ex

Published 25 Mar, 2019 12:00am

Traffic-choked Jakarta opens mass rapid transit system

Indonesia's capital inaugurated its first mass rapid transit system on Sunday, a $1.1 billion project seen as crucial to tackling some of the world's worst traffic congestion. President Joko Widodo and other officials joined a ceremony in Jakarta to give

Published 25 Mar, 2019 12:00am

Abu Dhabi aims to lure start-ups with investment in new technology hub

Abu Dhabi will commit up to 1 billion dirhams ($272 million) to support technology start-ups, it said on Sunday, in a dedicated hub as part of efforts to diversify its economy. US tech giant Microsoft will be a strategic partner, providing technology and

Published 25 Mar, 2019 12:00am

Abu Dhabi's Al Hilal Bank cuts 160 jobs

Abu Dhabi's Al Hilal Bank has made about 160 people redundant ahead of a three-way merger with Abu Dhabi Commercial Bank and Union National Bank, three sources familiar with the matter told Reuters. Majority of those laid off were staff outsourced from a

Published 25 Mar, 2019 12:00am

Moroccan teachers stage new demo over benefits

Thousands of teachers flooded the streets of the Moroccan capital on Sunday to demand better conditions after a nighttime protest dispersed by riot police left dozens wounded. Teachers on temporary contracts have been on strike since March 3 demanding per

Published 25 Mar, 2019 12:00am

Apple eyes streaming, services

Apple looks to begin a fresh reinvention on Monday as it rolls out Hollywood stars for its new streaming television service, part of a broad shift of direction for the California technology giant.

Published 25 Mar, 2019 12:00am

Sinopec lifts upstream capex to four-year high, plans record crude runs

Asia's top refiner China Petroleum & Chemical Corp (Sinopec) boosted spending on exploration and production by 41 percent last year as crude oil reserves tumbled at its biggest oilfield. Sinopec's upstream capital expenditure rose to 59.6 billion yuan ($8

Published 25 Mar, 2019 12:00am

Call for EU veto as Germany eyes Italy's China deal warily

Italy's participation in China's giant "Silk Road" infrastructure project sparked an outcry in Germany on Sunday, including a call for the European Union to block such deals with a veto. "The expansion of transport links between Europe and Asia is in itse

Published 25 Mar, 2019 12:00am

Malaysia threatens EU fighter jet boycott over palm oil

Malaysia may retaliate against an EU plan to curb palm oil use by purchasing new fighter jets from China instead of European arms companies, its leader said Sunday. The Southeast Asian country is the world's second largest palm oil producer after neighbou

Published 25 Mar, 2019 12:00am

Germany to inject more money into Deutsche Bahn rail network

The German government wants to inject some 50 billion euros ($57 billion) into upgrading the national rail network over the next decade, mass-selling Bild newspaper reported on Sunday. State-owned rail operator Deutsche Bahn is under pressure to improve i

Published 25 Mar, 2019 12:00am

Currency

Erdogan says those who buy FX expecting lira to fall will pay 'heavy price'

Turkish President Tayyip Erdogan said on Sunday those in the finance sector who buy foreign currencies on the expectation that the lira will fall will pay "a very heavy price", adding the Finance Ministry is carrying out work on this.

Published 25 Mar, 2019 12:00am

Xi arrives on French Riviera as Macron seeks united EU front on China

Chinese President Xi Jinping visited Monaco on the French Riviera Sunday seeking to press ambitious commercial goals ahead of talks with France's Emmanuel Macron who is trying to forge a united European front to contend with Beijing's advances. Xi arrived

Published 25 Mar, 2019 12:00am

Hong Kong regulator freezes nine brokers accounts

Hong Kong's securities regulator ordered on Wednesday nine brokers to freeze client accounts related to suspected manipulation of shares in investment firm China Ding Yi Feng Holdings between 2018 and early 2019. Trading in Ding Yi Feng's shares had been

Published 25 Mar, 2019 12:00am

Currency

Turkish watchdogs to probe JP Morgan after lira plunge

Turkey's banking watchdog said it had launched an investigation into JP Morgan and other banks over complaints it received after the lira plunged more than 4 percent and the main share index fell sharply on Friday. The BDDK watchdog said on Saturday it re

Published 25 Mar, 2019 12:00am

US corporate breakups could be catalyst to change Dow index

Shake-ups come infrequently for the Dow Jones Industrial Average, but some degree of change may be in the works for the stock index as two of its 30 constituents prepare to transform from large conglomerates into smaller companies.

Published 25 Mar, 2019 12:00am

Foreigners turn net sellers of Japanese stocks

Foreigners were net sellers of Japanese stocks for the first time in a month during the week ended March 8, with sentiment soured by further evidence of slowing global economic growth. Overseas investors sold a net 310.1 billion yen ($2.78 billion) worth

Published 25 Mar, 2019 12:00am

Qatar's Masraf Al Rayan hires banks for debut dollar sukuk

Qatari Islamic lender Masraf Al Rayan has hired banks ahead of a potential sale of US dollar-denominated sukuk, or Islamic bonds, sources familiar with the matter said. The planned deal - which would be Masraf's first public debt sale - would follow last

Published 25 Mar, 2019 12:00am

Qatar's Masraf Al Rayan hires banks for debut dollar sukuk

Qatari Islamic lender Masraf Al Rayan has hired banks ahead of a potential sale of US dollar-denominated sukuk, or Islamic bonds, sources familiar with the matter said. The planned deal - which would be Masraf's first public debt sale - would follow last

Published 25 Mar, 2019 12:00am

Saudi index retreats from multi-year peak; other Gulf stocks fall

Saudi Arabia's stock market closed lower on Sunday, along with other Gulf markets, having ended the previous week at its highest in nearly four years after inclusion in the FTSE Russell's emerging-market index. Saudi's Tadawul index will have a weighting

Published 25 Mar, 2019 12:00am

Currency

Bullish calls for Canadian dollar linger as risk appetite perks up

Canada's dollar will strengthen over the coming year as rising investor appetite for risk counters a slowdown in the domestic economy that could crimp interest rate hikes from the Bank of Canada, a Reuters poll of currency strategists showed. Taken Feb. 2

Published 25 Mar, 2019 12:00am

FX trading volumes shrink in February

Trading volumes of currencies shrank 7.6 percent in February from a year earlier, Refinitiv data showed, as a slump in foreign exchange price volatility discouraged traders from buying and selling. Average daily trading volumes touched $428 billion in Feb

Published 25 Mar, 2019 12:00am

Overdone? Short EU equities 'most crowded' trade for first time

Fund managers have named bearish bets in European equities as the "most crowded" trade in Bank of America Merrill Lynch's survey for the first time in its history, suggesting sentiment for one of the world's most shunned markets may rise from here.

Published 25 Mar, 2019 12:00am

Overdone? Short EU equities 'most crowded' trade for first time

Fund managers have named bearish bets in European equities as the "most crowded" trade in Bank of America Merrill Lynch's survey for the first time in its history, suggesting sentiment for one of the world's most shunned markets may rise from here.

Published 25 Mar, 2019 12:00am

Currency

Ghana mulls longer-dated bonds, cedi to strengthen

Ghana aims to issue longer-dated hard currency bonds in its next bond sale, Finance Minister Ken Ofori-Atta said on Wednesday, adding that he expected the cedi currency to strengthen in the months to come. Ofori-Atta also said he expected to get confirmat

Published 25 Mar, 2019 12:00am

Currency

Ghana mulls longer-dated bonds, cedi to strengthen

Ghana aims to issue longer-dated hard currency bonds in its next bond sale, Finance Minister Ken Ofori-Atta said on Wednesday, adding that he expected the cedi currency to strengthen in the months to come. Ofori-Atta also said he expected to get confirmat

Published 25 Mar, 2019 12:00am

Wall Street week ahead: doubts increase that first quarter will be earnings low point

As Wall Street braces for what may be the first US profit decline since 2016, investors say the first quarter may not mark the low point for 2019 earnings. In the immediate term, markets could be roiled depending on what or if any information is released

Published 25 Mar, 2019 12:00am

Australia hit with second 'severe' cyclone in two days

A severe category 3 cyclone blew into the key mining region of Pilbara in Western Australia Sunday, forcing evacuations and a halt to port operations, as the north of the country dealt with the effects of an even more powerful storm that hit the previous

Published 25 Mar, 2019 12:00am

Syria's return to Arab League not on summit agenda

The Arab League said Sunday it was not planning to discuss reinstating Syria's membership at a summit later this month, more than eight years after suspending it as the country descended into war. The pan-Arab bloc, which is set to hold its annual summit

Published 25 Mar, 2019 12:00am

Disease fears mount for Africa cyclone survivors

Disease is threatening to aggravate the already dire conditions facing millions of survivors following the powerful tropical cyclone which ravaged southern Africa 10 days ago, officials warned on Sunday. Cyclone Idai smashed into Mozambique's coast unleas

Published 25 Mar, 2019 12:00am

Iraq parliament sacks governor over deadly ferry capsize

Iraq's parliament on Sunday sacked the governor of a northern province where 100 people died in a ferry disaster that sparked a wave of grief and anger. Most of those killed when the boat sank Thursday in the Tigris River in Mosul were women and children

Published 25 Mar, 2019 12:00am

Mali sacks senior army officers, dissolves milita after massacre

Mali's government on Sunday announced the sacking of senior military officers and the dissolution of a militia, a day after the massacre of more than 130 Muslims, including women and children. Prime Minister Soumeylou Boubeye Maiga said new military chief

Published 25 Mar, 2019 12:00am

Kazakhstan former PM appointed new leader's top aide

Kazakhstan's new president on Sunday appointed a recently dismissed prime minister to head his administration - a move almost certainly approved by the country's veteran leader, who resigned this week. The appointment of ex-prime minister Bakytzhan Sagint

Published 25 Mar, 2019 12:00am

Teacher from remote Kenya village is world's best, wins $1 million

A maths and physics teacher from a secondary school in a remote village in Kenya's Rift Valley has won the $1 million Global Teacher Prize for 2019, organisers have said. Peter Tabichi, who organisers say gives away 80 percent of his monthly income to the

Published 25 Mar, 2019 12:00am

Strong earthquake jolts eastern Indonesia

A 6.1-magnitude earthquake hit off the coast of North Maluku province in eastern Indonesia Sunday, US seismologists said, but no tsunami warning was issued. The quake was 150 kilometres (92 miles) northwest of the coastal town of Ternate at a depth of 37

Published 25 Mar, 2019 12:00am

Russian plane in Venezuela amid reports of Russian military arrival

A cargo plane bearing the Russian flag was spotted by AFP at the main airport in Venezuela Sunday amid reports that Moscow has dispatched troops and a senior military official to the country. The aircraft was seen at Maiquetia airport outside Caracas guar

Published 25 Mar, 2019 12:00am

Seminaries have no link with terrorism: Sarwar

Punjab Governor Chaudhry Mohammad Sarwar has said that seminaries (madaris) have no link with terrorism. "Islam provides rights, justice, equality and protection to minorities. It is unfortunate that we associate progress with certain unnecessary things.

Published 25 Mar, 2019 12:00am

Punjab public sector's Universities: process of appointing VCs progresses at a snails's pace

The process of appointments of permanent vice chancellors of universities of Punjab and chairperson Punjab Higher Education Commission has not entered in to the final stage. According to the sources the last date of applying for the post of 12 vice chance

Published 25 Mar, 2019 12:00am

PFA kicks off inspection drive on motorway & highways

On the directions of Chief Minister of Punjab Usman Buzdar, Punjab Food Authority (PFA) on Sunday commenced inspection drive of food points situated at the motorway and highways. Food safety teams under the supervision of PFA Director General Captain Muha

Published 25 Mar, 2019 12:00am

Prices of food items continue to rise

The prices of the essential kitchen items especially vegetables, pulses, live chicken/chicken meat, flour and sugar witnessed continuous upward trend in the retail market. A survey carried out by Business Recorder in local market on Sunday showed t

Published 25 Mar, 2019 12:00am

Currency

'We can be a 10-million-ton soya bean market if GMO seed import is regularised' an interview with Dr Muhammad Arshad, CEO Hi-Tech Group of Companies

Dr Muhammad Arshad is the Director and the Chief Executive Officer at Hi-Tech Group since 1988. He has over 40 years of professional experience in providing fiscal, strategic, and operations leadership in both public and private sector, with emphasis on o

Published 25 Mar, 2019 12:00am

Currency

'We can be a 10-million-ton soya bean market if GMO seed import is regularised' an interview with Dr Muhammad Arshad, CEO Hi-Tech Group of Companies

Dr Muhammad Arshad is the Director and the Chief Executive Officer at Hi-Tech Group since 1988. He has over 40 years of professional experience in providing fiscal, strategic, and operations leadership in both public and private sector, with emphasis on o

Published 25 Mar, 2019 12:00am

The making of freedom fighters in the occupied Kashmir

Kashmiri farmer Yusuf Malik learned that his son Owais, a 22-year old arts student and apple picker, had become freedom fighter via a Facebook post. Days after Owais disappeared from his home in this picturesque valley below the Himalayan ranges, his pict

Published 25 Mar, 2019 12:00am

Three die in road accident

Three members of a family lost their lives and three others sustained injuries in a traffic accident in Nowshera on Sunday. Police said the accident happened on Charsadda Road in Koz Khweshgi area near the Afghan refugees camp in which a speeding car coll

Published 25 Mar, 2019 12:00am

KP CM opens DIZ

Khyber Pakhtunkhwa Chief Minister Mahmood inaugurated Dargai industrial zone (DIZ) during his visit to Malakand district on Sunday. The CM said government has set focus on the promotion of petroleum and industrial sectors. The inauguration was attended by

Published 25 Mar, 2019 12:00am

KP to establish rivers flood alert system

The provincial government of Khyber Pakhtunkhwa has decided to establish flood alert stations on rivers in the province. The decision has been taken in wake of anticipated devastated floods due to heavy snowfall. This year the hilly areas of the northern

Published 25 Mar, 2019 12:00am

Seven arrested for demolishing toll plaza at Pak-Afghan Highway

The administration of Khyber tribal district has arrested seven persons on charges of demolishing a toll plaza at the Pak-Afghan Highway. The seven people have been arrested on clauses of law including impeding the government work, provoking the mob and d

Published 25 Mar, 2019 12:00am

Cabinet may approve appointment of Shaista, Bushra as CCP members

The federal cabinet is likely to approve appointment of Shaista Bano Gilani and Bushra Naz Malik as Members of Competition Commission of Pakistan (CCP) on the recommendations of Finance Division, well informed sources in Finance Ministry told Business

Published 25 Mar, 2019 12:00am

Anti-polio drive in 25 districts of KP begins March 25

The third anti-polio campaign of the year will commence from today (Monday) in Khyber Pakhtunkhwa's 25 districts, including tribal districts and Afghan refugee camps wherein over 5.5 million children under the age of five will be administered anti-polio d
Published 25 Mar, 2019 12:00am

Setting up of sports goods development centre on the cards

Federal government is actively considering establishing "Product Development Centre" (PDC) for composite based sports goods in Sialkot costing Rs487.97 million. Official sources told Business Recorder on Sunday that the work on this proposed projec
Published 25 Mar, 2019 12:00am

Six new trains will be operational soon: Rashid

Federal Minister for Railways, Sheikh Rashid Ahmed said that additional six new trains, three each in Sindh and Khyber Pakhtunkhwa, will be run soon. He said that the Pakistan Railways has set a revenue target Rs10 billion per annum, out of which Rs4 bill
Published 25 Mar, 2019 12:00am

Cotton
Weekly cotton review: prices of cotton remain stable

The prices of cotton remained stable. The trading volume decreased in the local market due to the delivery of imported cotton to the big textile and spinning groups. The sowing of cotton started in lower Sindh. The concerned departments were active regard
Published 25 Mar, 2019 12:00am

Rural Electrification Board proposed to electrify off-grid villages

Reon Energy chief executive officer Mujtaba Haider Khan has proposed that government should establish Rural Electrification Board and assign it to electrify 60 million off-grid rural inhabitants, which constitute some 30 percent of the country's total pop
Published 25 Mar, 2019 12:00am

CM grieved over Shahnaz Begum's death

Punjab Chief Minister Usman Buzdar has expressed deep sense of sorrow and grief over the death of renowned singer Shahnaz Begum. In a statement issued on Sunday, the CM also commiserated and extended his condolence to the bereaved family. While paying tri
Published 25 Mar, 2019 12:00am

AJK PM slams ban on JI, JKLF

The AJK Prime Minister Raja Farooq Haider Khan denounced the ban on Jamaat-e-Islami and Jammu and Kashmir Liberation Front JKLF) after Pulwama incident.
Published 25 Mar, 2019 12:00am

Two killed, five injured in Quetta gas blast

At least two people died and five others were injured when roof of a house collapse due to blast caused by gas leakage here Saturday-Sunday midnight.
Published 25 Mar, 2019 12:00am

Fasting beneficial even for diabetics: experts

Scientific studies have proved that fasting is highly beneficial for people, including those suffering from diabetes as it prevents them from risks of developing cardiovascular diseases to cancer, helps in hypertension management by reducing weight, impro
Published 25 Mar, 2019 12:00am

Senate body for keeping Chaman border open round-the-clock

The Senate Functional Committee on Problems of Less-Developed Areas has called for round the clock opening of Chaman border like Torkham border for economic and trade activities with Afghanistan and Central Asian countries.
Published 25 Mar, 2019 12:00am

Student drowns in Chitral River

A student of Chitral University died on Sunday after his jeep crashed into Chitral River. Drowned person identified as Salman Ahmed, was doing drifting stunts with his jeep near the river when he lost control and the vehicle fell in. He was swept away by
Published 25 Mar, 2019 12:00am

PSEs have a solution

Business Recorder op-ed writer Farhat Ali in his latest contribution to the newspaper titled "Public property being readied for sale" has presented the right diagnosis of our public sector enterprises (PSEs) by arguing, among other things, that "th
Published 25 Mar, 2019 12:00am

'Back from the dead': Greek homes in Airbnb fever

For Dimitra Dionyso-poulou, who lives in the shadow of the Acropolis, there is no mistaking the signs of the Airbnb takeover in her neighbourhood. "Renovation noise, debris disposal bins on every street, and rolling luggage," said the 50-year-old Athenian
Published 25 Mar, 2019 12:00am

Are terrorists born or made?

Are leaders born or made? This debate has consumed so much research and debate that it has produced some excellent strategic frameworks that have helped organizations enable leadership potential. When it comes to terrorists the same does not apply. Most r
Published 25 Mar, 2019 12:00am

Cotton
Sector-specific distortions in Pakistan

A World Bank study titled "Pakistan@100 Shaping the Future" indicates that in Pakistan distortions are manifest in different ways in sector specific policies, including agriculture, power sector, financial sector and foreign trade; and maintains that stru
Published 25 Mar, 2019 12:00am

The TTP challenge still persists

Whilst terrorism is at its lowest level in the rest of the country, Balochistan remains in the crosshairs of terrorists. In the early hours of last Wednesday, six personnel of the Balochistan Levies Force were martyred when heavily armed men attacked the
Updated 26 Mar, 2019 06:19am

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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