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Nov 18, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2019-04-24
US stocks little changed in low-volume trading

US stocks little changed in low-volume trading

US stocks ended a low-volume trading session little changed on Monday, with the biggest gains in the energy sector as investors otherwise stayed on the sidelines ahead of quarterly earnings. Investors were waiting for some of the biggest S&P 500 companies
Published 24 Apr, 2019 12:00am
China shares lower

China shares lower

Chinese shares ended a volatile session lower on Monday, extending sharp declines from the previous session, as investors worried that Beijing could slow the pace of policy easing following a stronger-than-expected economic performance.
Published 24 Apr, 2019 12:00am
Oil boost fails to lift European stocks

Oil boost fails to lift European stocks

European shares fell on Tuesday as battery maker Umicore kicked off a busy week of earnings with a grim outlook and investors grew concerned about China cutting additional support to its economy, but a rally in oil and gas stocks helped temper losses.
Published 24 Apr, 2019 12:00am
India shares down

India shares down

Indian shares ended lower for a third straight session on Tuesday, erasing gains in morning trade, hurt by declining financial shares such as HDFC Bank and automobile stocks such as Maruti Suzuki India.
Published 24 Apr, 2019 12:00am
Southeast Asian stocks: Indonesia leads gains; Manila recovers

Southeast Asian stocks: Indonesia leads gains; Manila recovers

Indonesia led gains across Southeast Asian stock markets on Tuesday buoyed by prospects of steady economic growth in 2020, while Philippine markets ended slightly lower following a recovery in the country's largest stock.
Published 24 Apr, 2019 12:00am
FTSE 100 hits six-month high; Thomas Cook gains

FTSE 100 hits six-month high; Thomas Cook gains

London's FTSE 100 advanced on Tuesday as oil majors surged after the Unites States tightened sanctions on Iran, while tour operator Thomas Cook jumped after a report that bidders were interested in its assets.
Published 24 Apr, 2019 12:00am
France, Japan back Renault-Nissan alliance despite Ghosn case

France, Japan back Renault-Nissan alliance despite Ghosn case

French President Emmanuel Macron and Japanese Prime Minister Shinzo Abe on Tuesday pledged their backing for the alliance of car giants Renault and Nissan, despite the strains caused by the arrest of the alliance's former boss Carlos Ghosn.
Published 24 Apr, 2019 12:00am
France, Japan back Renault-Nissan alliance despite Ghosn case

France, Japan back Renault-Nissan alliance despite Ghosn case

French President Emmanuel Macron and Japanese Prime Minister Shinzo Abe on Tuesday pledged their backing for the alliance of car giants Renault and Nissan, despite the strains caused by the arrest of the alliance's former boss Carlos Ghosn.
Published 24 Apr, 2019 12:00am
EPP's Weber wants to 'stop' Nord Stream two gas pipeline

EPP's Weber wants to 'stop' Nord Stream two gas pipeline

The lead candidate for Europe's conservative bloc in next month's EU elections has said he would try to stop the Nord Stream 2 gas pipeline if he becomes European Commission president, according to an interview published Tuesday.
Published 24 Apr, 2019 12:00am
Uganda Airlines gets first planes in revival bid

Uganda Airlines gets first planes in revival bid

The first two planes purchased in a bid to relaunch Uganda Airlines were delivered on Tuesday, nearly two decades after the East African country's national carrier collapsed. The two Bombardier CRJ900 jet airliners, which can carry up to 90 people, landed
Published 24 Apr, 2019 12:00am
Twitter triples profits, global user base steadies

Twitter triples profits, global user base steadies

Twitter said Tuesday profits soared in the past quarter, and President Donald Trump immediately claimed credit for the success of the short messaging platform even as he renewed his allegations of bias. Profits in the first quarter hit $191 million, compa
Published 24 Apr, 2019 12:00am
Twitter triples profits, global user base steadies

Twitter triples profits, global user base steadies

Twitter said Tuesday profits soared in the past quarter, and President Donald Trump immediately claimed credit for the success of the short messaging platform even as he renewed his allegations of bias. Profits in the first quarter hit $191 million, compa
Published 24 Apr, 2019 12:00am
Bytedance says India TikTok ban causing $500,000 daily loss, risks jobs

Bytedance says India TikTok ban causing $500,000 daily loss, risks jobs

India's ban on popular Chinese video app TikTok is resulting in "financial losses" of up to $500,000 a day for its developer, Beijing Bytedance Technology Co, and has put more than 250 jobs at risk, the company said in a court filing seen by Reuters.
Published 24 Apr, 2019 12:00am
Bytedance says India TikTok ban causing $500,000 daily loss, risks jobs

Bytedance says India TikTok ban causing $500,000 daily loss, risks jobs

India's ban on popular Chinese video app TikTok is resulting in "financial losses" of up to $500,000 a day for its developer, Beijing Bytedance Technology Co, and has put more than 250 jobs at risk, the company said in a court filing seen by Reuters.
Published 24 Apr, 2019 12:00am
Tanzania denies blocking release of scathing IMF report

Tanzania denies blocking release of scathing IMF report

Tanzania on Tuesday denied blocking the publication of a critical International Monetary Fund report that accuses President John Magufuli's government of undermining economic growth with "unpredictable and interventionist" policies.
Published 24 Apr, 2019 12:00am
Britons feel a boost in their finances from rising wages

Britons feel a boost in their finances from rising wages

British households reported the strongest growth in at least a decade in their earnings from work, a survey showed on Tuesday, suggesting that consumers and their spending can keep on supporting the economy during the Brexit crisis. IHS Markit, a financia
Published 24 Apr, 2019 12:00am
China's diesel, jet fuel exports rise, LNG imports decline

China's diesel, jet fuel exports rise, LNG imports decline

China's jet fuel exports surged 30 percent from a year earlier in March and diesel exports rose 14.2 percent, customs data showed on Tuesday, as the country's fuel surplus increased following the start up of a new private oil refinery. Data from the Gener
Published 24 Apr, 2019 12:00am
P&G, Coca-Cola report higher profits

P&G, Coca-Cola report higher profits

Procter & Gamble and Coca-Cola reported higher quarterly profits Tuesday, lifted by premium consumer items at Procter and new beverage offerings at Coca-Cola. P&G, whose brands include Bounty paper towel and Crest toothpaste, reported profits of $2.7 bill
Published 24 Apr, 2019 12:00am
P&G, Coca-Cola report higher profits

P&G, Coca-Cola report higher profits

Procter & Gamble and Coca-Cola reported higher quarterly profits Tuesday, lifted by premium consumer items at Procter and new beverage offerings at Coca-Cola. P&G, whose brands include Bounty paper towel and Crest toothpaste, reported profits of $2.7 bill
Published 24 Apr, 2019 12:00am
Lower mortgage rates, prices lift US new home sales to 1-1/2-year high

Lower mortgage rates, prices lift US new home sales to 1-1/2-year high

Sales of new US single-family homes rose to a near 1-1/2-year high in March, boosted by lower mortgage rates and house prices. The third straight monthly increase reported by the Commerce Department on Tuesday suggested some recovery was under way in the
Published 24 Apr, 2019 12:00am
US labor opposes USMCA in current form

US labor opposes USMCA in current form

The head of the largest US labor union said Tuesday he opposes ratification of the new North American free trade pact, because he doubts Mexico will enforce labor reforms required by the deal. Richard Trumka, president of the 12.5-million-member AFL-CIO,
Published 24 Apr, 2019 12:00am
Trump vows to hit back at EU as tariffs bite Harley-Davidson

Trump vows to hit back at EU as tariffs bite Harley-Davidson

US President Donald Trump threatened retribution on Europe Tuesday over tariffs that have bruised profitability at iconic US motorcycle company Harley-Davidson. Trump quoted commentary from Fox Business Network anchor Ashley Webster, who pointed to the dr
Published 24 Apr, 2019 12:00am
Dollar rises against major rivals in Asia
Currency

Dollar rises against major rivals in Asia

The dollar edged up against a basket of key rivals on Tuesday, while the Canadian dollar was supported by rising crude oil prices due to US plans to tighten a clampdown on Iranian oil exports from next month. Financial markets in Australia and New Zealand
Published 24 Apr, 2019 12:00am
Dollar holds three-week high in Europe
Currency

Dollar holds three-week high in Europe

The dollar held near three-week highs on Tuesday as a drop in market volatility ramped up demand for riskier assets, with higher US bond yields also offering some support. Ten-year US Treasury yields rose more than 20 basis points over the past four weeks
Published 24 Apr, 2019 12:00am
Early trade in New York: dollar climbs across the board
Currency

Early trade in New York: dollar climbs across the board

The dollar climbed across the board on Tuesday as financial markets re-opened after the Easter holiday and traders favoured the greenback ahead of the release on Friday of US gross domestic product data for the first three months of 2019. The dollar index
Published 24 Apr, 2019 12:00am
Dollar little changed in New York
Currency

Dollar little changed in New York

The dollar was little changed against a basket of currencies in thin holiday-impacted trading on Monday, while a jump in the price of oil on news that Washington will end sanctions waivers for major Iranian oil importers boosted the Canadian dollar and th
Published 24 Apr, 2019 12:00am
Bitcoin jumps to a six-month high
Currency

Bitcoin jumps to a six-month high

Bitcoin jumped on Tuesday to its highest in six months, pulling smaller cryptocurrencies up with it in a move that traders and analysts ascribed to technical forces with no apparent news catalysts at play. The original and biggest virtual coin climbed as
Published 24 Apr, 2019 12:00am
Asian forex: high oil prices hit some Asian currencies

Asian forex: high oil prices hit some Asian currencies

The currencies of Indonesia and India fell on Tuesday, as the two countries face higher oil import bills due to global energy market developments, while most other regional ones eked out tiny gains. Oil prices rallied after the United States on Monday dem
Published 24 Apr, 2019 12:00am
Sterling slides to two-month low
Currency

Sterling slides to two-month low

Sterling slid to a two-month low on Tuesday as hopes for a breakthrough in Brexit talks between the ruling and opposition parties faded and British Prime Minister Theresa May faced growing pressure to quit. Britain's parliament returned from an Easter rec
Published 24 Apr, 2019 12:00am
Aussie steadies, kiwi languishes

Aussie steadies, kiwi languishes

The Australian dollar traded in a tight range on Tuesday, as volumes were thin in a holiday-shortened week and ahead of the all-important quarterly inflation report, while its New Zealand cousin hovered near two-month lows.
Published 24 Apr, 2019 12:00am
Canadian canola futures tumble

Canadian canola futures tumble

ICE Canadian canola futures dipped on Monday for the fifth straight session, as technical selling pressured the market to fresh contract lows. Funds hold an estimated net short position of 44,000 July contracts, a trader said. Trade expects Canadian farme
Published 24 Apr, 2019 12:00am
CBOT soyabean futures lower

CBOT soyabean futures lower

Chicago Board of Trade (CBOT) soyabean futures closed lower on Monday on technical selling and spillover weakness from corn and wheat, traders said. CBOT May soyabeans settled down 3-1/2 cents at $8.77 per bushel after dipping to $8.76-1/4, its lowest sin
Published 24 Apr, 2019 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,845. The traded value of Metals, Energy and COTS/FX was recorded at PKR 3.863 billion and the number of lots traded 5,511.
Published 24 Apr, 2019 12:00am
China's iron ore edges lower on tepid demand

China's iron ore edges lower on tepid demand

Iron ore futures in China edged lower in early trade on Tuesday as demand eased in the wake of a move to restrict production in top steelmaking city of Tangshan, but losses were modest amid hopes that steel mills will soon replenish their stocks. Tangshan
Published 24 Apr, 2019 12:00am
CBOT wheat futures fall on global supplies

CBOT wheat futures fall on global supplies

Chicago Board of Trade wheat futures fell on Monday on generally favorable US winter wheat crop conditions and expectations of abundant global supplies, traders said. CBOT May soft red winter wheat settled down 8-1/2 cents at $4.35-3/4 per bushel after di
Published 24 Apr, 2019 12:00am
Swine fever will hurt Brazil's soya exports to China

Swine fever will hurt Brazil's soya exports to China

Brazilian soya exports to China will definitely decline this year as African swine fever in the world's No. 2 economy cuts demand for the animal feed, but potential growth in meat exports would offset this, Brazil's agriculture minister said on Monday.
Published 24 Apr, 2019 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 160,927 tonnes of cargo comprising 100,297 tonnes of import cargo and 60,630 tonnes of export cargo including 5,490 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargos of 1
Published 24 Apr, 2019 12:00am
Cotton prices firm on improved business activity
Cotton

Cotton prices firm on improved business activity

Prices maintained a firm posture on the cotton market on Tuesday in the process of low supply of best quality, dealers said. The official spot rate was unchanged at Rs 8,850, they added. In the ready session, over 15000 bales of cotton Changed hands betwe
Published 24 Apr, 2019 12:00am
Asia's naphtha rises to four-week high

Asia's naphtha rises to four-week high

Asia's naphtha crack rose for the fourth straight session to reach a near four-week high of $57.60 a tonne on Tuesday as buyers came forward to buy the fuel for June. June is also a time where most crackers in Japan and South Korea would have completed th
Published 24 Apr, 2019 12:00am
37 dead in another boat sinking in DR Congo

37 dead in another boat sinking in DR Congo

Thirty-seven bodies have been recovered after another boat sinking in the Democratic Republic of Congo, officials said Tuesday, a week after a vessel capsized with nearly 130 people on board. Sixteen survivers were found near the spot where the boat sunk
Published 24 Apr, 2019 12:00am
Protesters, police clash ahead of South Africa polls

Protesters, police clash ahead of South Africa polls

Police and protesters exchanged volleys of teargas and stones in Johannesburg on Tuesday when a suburb erupted into protest over public services ahead of polls on May 8. Dozens of residents in the working class Turffontein suburb blocked the main road thr
Published 24 Apr, 2019 12:00am
UN backs weakened resolution on sexual violence in conflicts

UN backs weakened resolution on sexual violence in conflicts

Nobel Peace Prize laureates Nadia Murad and Denis Mukwege called Tuesday for justice for victims of sexual violence in conflict zones, as the UN Security Council approved a watered-down resolution largely stripped of substance by the United States and Rus
Published 24 Apr, 2019 12:00am
Top Myanmar court rejects appeal of award-winning Reuters reporters

Top Myanmar court rejects appeal of award-winning Reuters reporters

Myanmar's Supreme Court rejected the latest appeal Tuesday by two Pulitzer-prize winning Reuters journalists who were jailed for seven years on charges linked to their reporting on the Rohingya crisis, as hopes now turn to a presidential pardon.
Published 24 Apr, 2019 12:00am
Polish teachers double down on strike for higher wages

Polish teachers double down on strike for higher wages

An estimated couple of thousand teachers from across Poland demonstrated outside the education ministry Tuesday, two weeks into a national strike for higher pay that is challenging the right-wing government in an election year. Protesters carried orange s
Published 24 Apr, 2019 12:00am
South Africa floods, mudslides kill 33, children missing

South Africa floods, mudslides kill 33, children missing

The death toll from floods and mudslides that crushed homes in the South African port of Durban on Tuesday has risen to 33, with reports of children missing and scores of people displaced, authorities said. "Heavy rains have since claimed 33 lives so far,
Published 24 Apr, 2019 12:00am
Egyptians overwhelmingly approve changes extending Sisi's rule

Egyptians overwhelmingly approve changes extending Sisi's rule

Egyptian voters have overwhelmingly backed constitutional changes that could see President Abdel Fattah al-Sisi's rule extended to 2030, the electoral board said Tuesday. National Election Authority head Lashin Ibrahim told a Cairo press conference that 8
Published 24 Apr, 2019 12:00am
Egypt hosts Africa summits on Sudan, Libya crises

Egypt hosts Africa summits on Sudan, Libya crises

Egypt hosted African leaders for emergency talks on Tuesday on the upheavals in Sudan and Libya, as President Abdel Fattah al-Sisi warned against "a slide into chaos". Sisi called for a coherent regional response, as protesters in Khartoum keep up demands
Published 24 Apr, 2019 12:00am
'Marsquake': first tremor detected on Red Planet

'Marsquake': first tremor detected on Red Planet

Scientists said Tuesday they might have detected the first known seismic tremor on Mars in a discovery that could shed light on the ancient origins of Earth's neighbour. A dome-shaped probe known as SEIS landed on the surface of Mars in December after hit
Published 24 Apr, 2019 12:00am
New IRA takes responsibility for killing Northern Ireland journalist

New IRA takes responsibility for killing Northern Ireland journalist

Dissident republican group the New IRA on Tuesday took responsibility for killing Northern Irish journalist Lyra McKee last week as police said they had arrested a 57-year-old woman in connection with the shooting. The New IRA "offer our full and sincere
Published 24 Apr, 2019 12:00am
Kim, Putin to hold first talks in Russia's Far East

Kim, Putin to hold first talks in Russia's Far East

Kim Jong Un and Vladimir Putin will meet in Russia's Far East on Thursday, the Kremlin said, as the North Korean leader looks to rebuild ties with an old ally amid a standoff with the United States. Kremlin foreign policy aide Yuri Ushakov said the meetin
Published 24 Apr, 2019 12:00am
Cotton dips as dollar turns robust, Texas sees rains
Currency

Cotton dips as dollar turns robust, Texas sees rains

ICE cotton futures settled lower on Tuesday as the dollar strengthened to near two-year highs while wet weather in west Texas was deemed favourable ahead of plantation. The most-active cotton contract on ICE Futures US July settled down 0.56 cent, or 0.71
Published 24 Apr, 2019 12:00am
Paris wheat prices dragged down by US futures drop

Paris wheat prices dragged down by US futures drop

European wheat prices in Paris extended losses on Tuesday, with new-crop prices hitting life-of-contact lows, as the market reacted to Monday's slide in US futures. Favourable crop conditions for US and Russian wheat were outweighing concerns about drynes
Published 24 Apr, 2019 12:00am
Nickel hits two-month low on improving supply

Nickel hits two-month low on improving supply

Nickel prices hit a two-month low on Tuesday on signs of rising supply while the wider market also fell on a stronger dollar and uncertainty about the Chinese economy. Data showed the deficit in the global nickel market for the first two months of the yea
Published 24 Apr, 2019 12:00am
ME crude benchmarks extend gains

ME crude benchmarks extend gains

Middle East crude benchmarks extended gains on Tuesday, riding concerns of tighter supplies after Washington announced that it would not give any more waivers to Iranian oil buyers. DME Oman's premium to swaps rose 17 cents to $2.07 a barrel, the highest
Published 24 Apr, 2019 12:00am
Oil surges amid OPEC caution to offset Iran sanctions

Oil surges amid OPEC caution to offset Iran sanctions

Oil prices hit their highest in about six months on Tuesday as sources said Gulf OPEC members were ready to raise output only if there was demand before offsetting any shortfall following a US decision to end waivers for buyers of Iranian crude.
Published 24 Apr, 2019 12:00am
Tokyo rubber falls

Tokyo rubber falls

Tokyo Commodity Exchange (TOCOM) futures reversed early gains to settle lower on Tuesday. The benchmark TOCOM rubber contract for September delivery finished 0.3 yen ($0.0027) lower at 189 yen per kg. The most-active rubber contract on the Shanghai future
Published 24 Apr, 2019 12:00am
Palm oil hits one-week low
Vegetable Oil

Palm oil hits one-week low

Malaysian palm oil futures fell to their lowest in a week on Tuesday, their second straight day of losses as concerns persisted over high inventory levels in the world's second largest producer. The benchmark palm oil contract for July delivery on the Bur
Published 24 Apr, 2019 12:00am
New York cocoa falls to three-week low, raw sugar climbs

New York cocoa falls to three-week low, raw sugar climbs

New York cocoa futures on ICE fell on Tuesday for the third straight session as the market continued to consolidate following a short-covering rally, while raw sugar climbed. July New York cocoa settled down $50, or 2.1 percent, at $2,292 per tonne after
Published 24 Apr, 2019 12:00am
Gold steadies in New York

Gold steadies in New York

Gold steadied on Monday, holding above a nearly four-month low touched the previous session on support from a weaker dollar and expectations the United States would put further restrictions on Iran's oil exports. Spot gold was slightly up 0.1 percent at $
Published 24 Apr, 2019 12:00am
Gold eases in Asia

Gold eases in Asia

Gold edged lower on Tuesday as strong equities provided a risk-conducive backdrop for investors, countering support from Washington's move to end waivers on Iranian oil sanctions. Spot gold fell 0.1 percent to $1,273.18 per ounce as of 0750 GMT. US gold f
Published 24 Apr, 2019 12:00am
Gold slips in Europe
Currency

Gold slips in Europe

Gold prices fell to a near four-month low on Tuesday as the US dollar gained and investors sought out riskier assets, dampening the safe-haven metal's appeal. Spot gold was down 0.2 percent at $1,271.75 per ounce as of 12:35 p.m. EDT (1635 GMT), after fal
Published 24 Apr, 2019 12:00am
US MIDDAY: Soya at multi-month lows

US MIDDAY: Soya at multi-month lows

US soyabean futures fell to a seven-month low on Tuesday as traders focused on demand destruction resulting from the ongoing US trade war with top global soya buyer China as well as the effects of a devastating disease in China's hog herd. Corn futures fe
Published 24 Apr, 2019 12:00am
US MIDDAY: gold drops to four-month low
Currency

US MIDDAY: gold drops to four-month low

Gold prices slipped to a near four-month low on Tuesday as the US dollar gained and investors sought out riskier assets, dampening the safe-haven metal's appeal. Spot gold was down 0.3 percent at $1,271.36 per ounce as of 1:48 p.m. EDT (1748 GMT), after f
Published 24 Apr, 2019 12:00am
Disposal of hospital waste: SC disposes of review petition

Disposal of hospital waste: SC disposes of review petition

The Supreme Court on Tuesday disposed of a review petition pertaining to hospital waste disposal with directives to the petitioner to approach relevant authorities and forums to get the issue resolved.
Published 24 Apr, 2019 12:00am
Unilever joins hands with Telenor Pakistan

Unilever joins hands with Telenor Pakistan

Unilever has joined hands with Telenor Pakistan to enable digital and financial inclusion in Pakistan through mainstream access to digitalised retail services, digital financial solutions, digital products and skill enhancement across Pakistan.
Published 24 Apr, 2019 12:00am
Occupational health insurance scheme need of the hour: SECP chief

Occupational health insurance scheme need of the hour: SECP chief

Securities and Exchange Commission of Pakistan (SECP) Chairman Farrukh H Sabzwari has said that the SECP envisages recommending the federal and provincial governments to introduce much-needed compulsory occupational health insurance scheme.
Published 24 Apr, 2019 12:00am
'Mental Health Week' begins at GCU Lahore

'Mental Health Week' begins at GCU Lahore

The annual Mental Health Week (MHW) celebrations began here on Tuesday at the Government College University Lahore with an inter-university poster competition on the theme of peace psychology.
Published 24 Apr, 2019 12:00am
Treet Corporation Limited

Treet Corporation Limited

Treet Corporation Limited (PSX: TREET) needs no introduction and is amongst the largest conglomerates in Pakistan. Though its inception dates back to pre-partition, the Treet Group became a public listed company in 1977. Treet Group of Companies (TGC) is
Published 24 Apr, 2019 12:00am
Treet Corporation Limited

Treet Corporation Limited

Treet Corporation Limited (PSX: TREET) needs no introduction and is amongst the largest conglomerates in Pakistan. Though its inception dates back to pre-partition, the Treet Group became a public listed company in 1977. Treet Group of Companies (TGC) is
Published 24 Apr, 2019 12:00am
Alvi exhorts students to highlight country's soft image globally

Alvi exhorts students to highlight country's soft image globally

President Dr Arif Alvi on Tuesday conveyed to the young students that educational institutions are playing their effective role in educating and empowering them to highlight soft image of country at global level. On the occasion of the A-Levels' High Achi
Published 24 Apr, 2019 12:00am
Government mulling incentive package for cellphone manufacturing units

Government mulling incentive package for cellphone manufacturing units

The government is considering an incentive package for mobile phone manufacturing units to reduce mobile import bill, which is currently around $2 billion annually, it was learnt. The Ministry of Information Technology and Telecommunication (MoITT) has ex
Published 24 Apr, 2019 12:00am
Minister tells NA: No load-shedding being carried out across country

Minister tells NA: No load-shedding being carried out across country

Minister for Power Omer Ayub on Tuesday informed the National Assembly that no electricity load shedding is being carried out on eighty percent feeders across the country. Responding to a calling attention notice moved by Fazal Muhammad Khan, the minister
Published 24 Apr, 2019 12:00am
Plan under way to develop South Punjab: CM

Plan under way to develop South Punjab: CM

Terming gossips with regard to change of provincial chief minister as rumors only, the Punjab chief minister Sardar Usman Buzdar Tuesday said the PTI Punjab parliamentary party has reposed complete trust in him. "I am real servant of the people of Punjab,
Published 24 Apr, 2019 12:00am
Staff's role vital to audit quality: AOB survey

Staff's role vital to audit quality: AOB survey

In the first survey of its kind on audit quality, 89 percent of audit partners said audit staff comprising managers and trainees is the most important factor for audit quality, followed by 73 percent who chose audit committees and 60 percent who selected
Published 24 Apr, 2019 12:00am
NAB for placing Aleem Khan's name on ECL

NAB for placing Aleem Khan's name on ECL

National Accountability Bureau (NAB) Tuesday recommended the Ministry of Interior to place the name of Pakistan Tehreek-e-Insaf (PTI) senior leader Aleem Khan on Exit Control List (ECL). Sources said the NAB had written a letter to the Ministry of Interio
Published 24 Apr, 2019 12:00am
Far-flung areas: Zong 4G partners with PTCL for network expansion

Far-flung areas: Zong 4G partners with PTCL for network expansion

Pakistan Telecommunication Company Limited (PTCL) and Zong 4G have entered into a strategic partnership for network expansion in remote and far-flung areas of Pakistan. The collaboration will ensure provision of VSAT services by PTCL to further support an
Published 24 Apr, 2019 12:00am
Pakistan welcomes Japanese investment

Pakistan welcomes Japanese investment

Foreign Minister Shah Mahmood Qureshi paid a courtesy call on the Deputy Prime Minister/Finance Minister of Japan Taro Aso on Tuesday. The Foreign Minister while conveying the special message of greetings and well wishes for the people and government of J
Published 24 Apr, 2019 12:00am
Pak-Iran financial channels to reduce cost of doing business: FPCCI

Pak-Iran financial channels to reduce cost of doing business: FPCCI

President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Engr Daroo Khan Achakzai has proposed opening of financial channels between Pakistan and Iran because transactions through third country increase the cost of doing business and
Published 24 Apr, 2019 12:00am
PBIF chief terms Umar's resignation ill-timed

PBIF chief terms Umar's resignation ill-timed

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has expressed concern that just before the federal budget, during decisive last stages of talks with the IMF for the bailout package Asad Umar's resignation is badly timed w
Published 24 Apr, 2019 12:00am
Sindh government to pursue Nashwa's case: Wahab

Sindh government to pursue Nashwa's case: Wahab

Advisor to Sindh Chief Minister on Information, Law and Anti- Corruption, Barrister Murtaza Wahab has said that the report of the committee on the incident of Dar-ul-Sehat has been received which is finalized by Sindh Health Care Commission and vowed to t
Published 24 Apr, 2019 12:00am
KMC drive against illegal construction continues

KMC drive against illegal construction continues

Karachi Metropolitan Corporation (KMC) carried out operation against illegal constructions in three districts as part of its ongoing anti-encroachment drive in the metropolis on Tuesday, amid resistance from occupants.
Published 24 Apr, 2019 12:00am
EFU Life receives 'Certificate of Excellence'

EFU Life receives 'Certificate of Excellence'

EFU Life Assurance Ltd, the leading private sector life insurance provider in the country, has been honoured with 'Certificate of Excellence' at the 34th Corporate Excellence Awards 2019 by Management Association of Pakistan (MAP) in the Insurance Sector.
Published 24 Apr, 2019 12:00am
PIA, McDonald's sign MoU

PIA, McDonald's sign MoU

Pakistan International Airlines (PIA) and McDonald's Pakistan inked a memorandum of understanding to put together a special offer for the passengers of the national carrier, at a ceremony held at McDonald's Airport Branch, Karachi.
Published 24 Apr, 2019 12:00am
Bill payments: Pakistan Qatar Takaful signs deal with 1LINK

Bill payments: Pakistan Qatar Takaful signs deal with 1LINK

Pak-Qatar Takaful Group (PQTG), has signed an agreement with 1LINK (Pvt) Limited (1LINK) to digitize their payment collection methods through 1LINK's bill payment service. The signing ceremony was held at Pak-Qatar's head office, Karachi. The agreement wa
Published 24 Apr, 2019 12:00am
PSO issues first fuel oil import tender for 2019

PSO issues first fuel oil import tender for 2019

Pakistan State Oil (PSO) issued this week its first fuel oil import tenders for 2019 as the state-owned energy firm prepares for rising summer demand, two trade sources said.
Published 24 Apr, 2019 12:00am
Remarks against Bilawal stirs tumult in Sindh Assembly

Remarks against Bilawal stirs tumult in Sindh Assembly

Sindh Assembly pre-budget session was marred due to squabbling legislators from ruling and opposition parties who almost came close to a fistfight after remarks by PTI MPA against PPP chairman Bilawal Bhutto-Zardari, here on Tuesday.
Published 24 Apr, 2019 12:00am
TCL grabs second position in sales volume

TCL grabs second position in sales volume

TCL announced that it has achieved historical highs in revenue, reaching Number 2 position in Sales Volume in the Global Television Market in the Year 2018. By proactively exploring the potential of new markets and strengthening existing channels, TCL was
Published 24 Apr, 2019 12:00am
KP PDWP approves five uplift projects worth Rs 981.035 million

KP PDWP approves five uplift projects worth Rs 981.035 million

The Provincial Development Working Party (PDWP) held its Special meeting under the Chairmanship of Dr Shahzad Khan Bangash, the Additional Chief Secretary Khyber Pakhtunkhwa. The meeting was attended by members of PDWP, representatives of concerned depart
Published 24 Apr, 2019 12:00am
Global market PRGMEA for making textile industry competitive

Global market PRGMEA for making textile industry competitive

Chief Coordinator Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) and member of International Apparel Federation (IAF) Ijaz A Khokhar has urged upon the government to take effective steps for making the value-added textile ind
Published 24 Apr, 2019 12:00am
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