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Print - 2019-04-27
Cotton spot rates rise on modest trading
Cotton

Cotton spot rates rise on modest trading

Official spot rate picked up on the cotton market on Friday in the process of modest trading activity, dealers said. The official spot rate was higher by Rs 50 to Rs 8,900, they added. In the ready session, about 1800 bales of cotton changed hands between
Published 27 Apr, 2019 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures rose on Thursday for a second straight day, as the market digested a government estimate of reduced Canadian canola plantings. Canadian farmers intend to plant 7% fewer acres of canola this spring as a dispute with China hamper
Published 27 Apr, 2019 12:00am
CBOT soyabean futures up on bargain buying

CBOT soyabean futures up on bargain buying

Chicago Board of Trade soyabean futures closed higher on Thursday on bargain buying after the benchmark July contract fell to its lowest since mid-September, traders said. CBOT July soyabeans settled up 4 cents at $8.72-3/4 per bushel, halting a three-ses
Published 27 Apr, 2019 12:00am
China stocks mark worst week in 28 on policy support worries

China stocks mark worst week in 28 on policy support worries

China stocks fell on Friday, posting their steepest weekly decline since October 2018, as investors feared that China may scale back its stimulus measures amid signs of economic stabilisation, while Sino-US trade conflict also weighed on sentiments.
Published 27 Apr, 2019 12:00am
Tokyo stocks lower ahead of 10-day holiday

Tokyo stocks lower ahead of 10-day holiday

Tokyo stocks closed lower Friday amid investor caution ahead of an unprecedented 10 days of holidays beginning this weekend, with a stronger yen against the dollar also weighing on the market. The benchmark Nikkei 225 index lost 0.22 percent, or 48.85 poi
Published 27 Apr, 2019 12:00am
Friday's early trade: Tech stocks down after weak Intel results

Friday's early trade: Tech stocks down after weak Intel results

US stocks edged lower on Friday as technology shares were hit by Intel's dour results, while investors assessed data that showed domestic growth was boosted by temporary factors in the first quarter. The Commerce Department said gross domestic product inc
Published 27 Apr, 2019 12:00am
S&P nudges lower as industrials drag

S&P nudges lower as industrials drag

The S&P 500 closed just barely lower on Thursday, as a dive in industrial stocks and concerns about slowing global growth eclipsed gains in Facebook and Microsoft. The industrials sector fell 1.99% with hefty drags from 3M, United Parcel Service Inc and R
Published 27 Apr, 2019 12:00am
Hong Kong stocks post worst week since March

Hong Kong stocks post worst week since March

Hong Kong stocks inched higher on Friday, but posted their biggest weekly drop in eight weeks, as investors feared that China may scale back its stimulus measures amid signs of economic stabilisation, while the Sino-US trade conflict also weighed on senti
Published 27 Apr, 2019 12:00am
Treasury yields move higher

Treasury yields move higher

Treasury yields rise ahead of Friday's US gross domestic product report, which is expected to show growth of 2% in the first quarter, a strong outcome after a volatile start to the year in financial markets. American GDP data for the first three months of
Published 27 Apr, 2019 12:00am
Treasury yields move higher

Treasury yields move higher

Treasury yields rise ahead of Friday's US gross domestic product report, which is expected to show growth of 2% in the first quarter, a strong outcome after a volatile start to the year in financial markets. American GDP data for the first three months of
Published 27 Apr, 2019 12:00am
Indian shares climb

Indian shares climb

Indian shares surged in late trade on Friday on the back of gains in private banks and metal stocks, with ICICI Bank Ltd climbing to a record closing high. The broader NSE index ended 0.97 percent higher at 11,754.65, while the benchmark BSE index closed
Published 27 Apr, 2019 12:00am
European shares weak as banks, Glencore weigh

European shares weak as banks, Glencore weigh

European shares slipped on Friday after losses in heavyweight banks and Glencore outweighed gains in healthcare and auto stocks, while investors remained on the sidelines ahead of US economic data for the first quarter. The pan-European STOXX 600 index wa
Published 27 Apr, 2019 12:00am
Australian shares hitover 11-year peak; NZ down

Australian shares hitover 11-year peak; NZ down

Australian shares ended at a more than 11-year high on Friday after gold stocks snapped their losing streak to help the benchmark to its best weekly performance since early February, while energy stocks slipped on weak oil prices. The S&P/ASX 200 index cl
Published 27 Apr, 2019 12:00am
Glencore probe, weak earnings mar FTSE 100; Ferrexpo sinks

Glencore probe, weak earnings mar FTSE 100; Ferrexpo sinks

The FTSE 100 inched lower as Glencore shares fell on news of another US investigation, oil majors tumbled and earnings reports knocked RBS and Just Eat, while Ferrexpo tanked after its auditor quit amid an accounting probe.
Published 27 Apr, 2019 12:00am
Total oil, gas output up

Total oil, gas output up

French energy giant Total lifted oil and gas output to record levels to bolster cash flow and lift first quarter net profits Friday - but price volatility kept results in check. Net profits rose 18 percent year-on-year to $3.11 billion, enabling the firm
Published 27 Apr, 2019 12:00am
SAS pilot strike strands 72,000 passengers

SAS pilot strike strands 72,000 passengers

Pilots at Scandinavian carrier SAS walked off the job in Sweden, Denmark and Norway on Friday, stranding more than 72,000 travellers as 673 flights were cancelled, the airline said.
Published 27 Apr, 2019 12:00am
UK factories stockpile for Brexit at fastest pace in at least 60 years

UK factories stockpile for Brexit at fastest pace in at least 60 years

With Brexit looming, British factories stockpiled over the last three months at the fastest pace since records began in the 1950s, and they're increasingly downbeat about their prospects, a survey showed on Friday. The Confederation of British Industry's
Published 27 Apr, 2019 12:00am
Debenhams to axe 1,200 staff, shut 22 department stores

Debenhams to axe 1,200 staff, shut 22 department stores

British department store chain Debenhams will shut 22 stores next year and axe 1,200 staff, the group said Friday after outsiders were brought in to save the group from collapse. Debenhams, which runs 182 mainly-UK stores, fell into administration earlier
Published 27 Apr, 2019 12:00am
High costs and supply chain woes put brakes on Daimler

High costs and supply chain woes put brakes on Daimler

Mercedes-Benz maker Daimler reported Friday a sluggish start to the year, with first-quarter profits falling back compared to 2018 as a slew of problems hit its different divisions. Net profit at the group shed nine percent year-on-year, to 2.1 billion eu
Published 27 Apr, 2019 12:00am
France's jobless total neared five-year low

France's jobless total neared five-year low

France's jobless total fell in the first three months of the year to its lowest level in nearly five years, quarterly data from the Labour Ministry showed on Friday. The ministry said the number of people registered as out of work in mainland France fell
Published 27 Apr, 2019 12:00am
Sony logs record profits

Sony logs record profits

Japan's Sony said Friday that robust games and entertainment divisions had pushed annual profits to a second consecutive record high but warned of a looming downturn in its bottom line. The PlayStation manufacturer also said the integration of EMI Music P
Published 27 Apr, 2019 12:00am
Sony logs record profits

Sony logs record profits

Japan's Sony said Friday that robust games and entertainment divisions had pushed annual profits to a second consecutive record high but warned of a looming downturn in its bottom line. The PlayStation manufacturer also said the integration of EMI Music P
Published 27 Apr, 2019 12:00am
Amazon delivers record profits on gains in cloud, advertising

Amazon delivers record profits on gains in cloud, advertising

Amazon on Thursday delivered record profits for the first quarter, fueled by gains in cloud computing and new business segments for the US technology colossus. Net profit in the quarter more than doubled from the same period last year to $3.6 billion, ext
Published 27 Apr, 2019 12:00am
Trade, inventories power US economy to 3.2 percent growth in Q1

Trade, inventories power US economy to 3.2 percent growth in Q1

US economic growth accelerated in the first quarter, but the burst in growth was driven by a smaller trade deficit and the largest accumulation of unsold merchandise since 2015, temporary factors that are likely to reverse in the coming quarters.
Published 27 Apr, 2019 12:00am
Celtics icon Havlicek dies at 79

Celtics icon Havlicek dies at 79

John Havlicek, a Hall of Famer and the Boston Celtics' all-time leading scorer, died Thursday in Florida. He was 79. Havlicek spent all 16 seasons of his NBA career with the Celtics, won eight NBA titles and was selected to the all-star team 13 times. He
Published 27 Apr, 2019 12:00am
Neymar banned for three Champions League matches

Neymar banned for three Champions League matches

Neymar was suspended for three Champions League matches by UEFA on Friday for insulting match officials following Paris Saint-Germain's shock exit from this season's tournament to Manchester United. The Brazil star missed the 3-1 Champions League second l
Published 27 Apr, 2019 12:00am
Murad, Mahoor win Ranking Badminton titles

Murad, Mahoor win Ranking Badminton titles

Spirited Murad Ali of NBP and Mahoor Shahzad of Wapda clinched the Men and Women Singles titles after defeating their respective rivals in the All Pakistan National Ranking Badminton Championship played here at PSB Coaching Center Hall on Friday.
Published 27 Apr, 2019 12:00am
42nd All Pakistan Inter-varsity Squash Championship ends

42nd All Pakistan Inter-varsity Squash Championship ends

The final of 42nd All Pakistan Intervarsity Squash (Men) Championship 2018-19 was won 2-0 by University of the Punjab after outplaying the defending champions, University of Peshawar. The third and fourth positions were clinched by University of Karachi a
Published 27 Apr, 2019 12:00am
Uzbekistan rugby team due today

Uzbekistan rugby team due today

Uzbekistan 15-side rugby team is arriving here on Saturday (today) for playing matches of the Asian Rugby Championship Div III-C 2019. Asian Rugby on the request of RRU allocated us two matches of the Asian Rugby Championship for Div III-C, which is a big
Published 27 Apr, 2019 12:00am
Shane Watson retires from Big Bash League

Shane Watson retires from Big Bash League

Powerful all-rounder Shane Watson retired from Australia's Twenty20 Big Bash League Friday, but will continue playing select overseas tournaments.
Published 27 Apr, 2019 12:00am
Dollar steadies near two-year high in Asia
Currency

Dollar steadies near two-year high in Asia

The dollar held steady close to a two-year high against its peers on Friday, supported by data showing strong US capital goods orders, while a first-quarter GDP report to be released later in the global day could further reinforce bullishness. The dollar
Published 27 Apr, 2019 12:00am
Euro hovers near 23-month low in Europe
Currency

Euro hovers near 23-month low in Europe

The euro hovered near its weakest level since May 2017 on Friday as traders waited to see whether United States GDP numbers due out later will reinforce signs of economic strength and send the dollar surging even higher. After a small rise in volatility t
Published 27 Apr, 2019 12:00am
Early trade in New York: dollar falls against basket of currencies

Early trade in New York: dollar falls against basket of currencies

The dollar fell against a basket of other currencies on Friday, after an overall strong US first-quarter growth report was overshadowed by soft inflation data. Gross domestic product increased at a 3.2 percent annualized rate in the quarter, the Commerce
Published 27 Apr, 2019 12:00am
Dollar advances against euro in New York

Dollar advances against euro in New York

The dollar climbed to a near two-year high against the euro on Thursday, as upbeat US data fed demand for the greenback and traders awaited the release on Friday of US gross domestic product data for the first quarter of 2019. The euro fell 0.18% to $1.11
Published 27 Apr, 2019 12:00am
Sri Lankan rupee falls for third session
Currency

Sri Lankan rupee falls for third session

The Sri Lankan rupee closed 0.2 percent weaker on Friday as worries about more bomb attacks after the Easter Sunday attacks weighed, while stocks edged up for the third straight session after hitting a more than six-year low early in the week. The currenc
Published 27 Apr, 2019 12:00am
Asian forex: most emerging units up tracking yuan
Currency

Asian forex: most emerging units up tracking yuan

Most emerging Asian currencies edged higher on Friday, tracking the Chinese yuan, but a strong dollar ahead of US growth data capped the upside. The yuan recovered from a more than two-month low hit in the previous session, rising as much as 0.4 percent a
Published 27 Apr, 2019 12:00am
Sterling headed for worst week in a month
Currency

Sterling headed for worst week in a month

The British pound was headed for its biggest weekly drop in a month on Friday, dragged down by growing concern about stagnant Brexit talks. A broad dollar rebound this month - it has gained against all its major rivals - has also undercut the appeal of th
Published 27 Apr, 2019 12:00am
Turkish central bank ramped up swaps

Turkish central bank ramped up swaps

Turkey's central bank ramped up its use of swaps to boost overall reserves last month, it said in a balance sheet update on Friday, while separate data showed foreign assets held by Turks declined for a third straight week. The central bank's borrowing in
Published 27 Apr, 2019 12:00am
Huawei leak scandal rocks Britain's bickering government

Huawei leak scandal rocks Britain's bickering government

Britain's splintered government was rocked Friday by a burgeoning scandal over who leaked news that Prime Minister Theresa May has conditionally allowed China's Huawei to develop the UK 5G network. The bitterly disputed decision was reportedly made at a T
Published 27 Apr, 2019 12:00am
Russian agent Maria Butina sentenced to 18 months in US

Russian agent Maria Butina sentenced to 18 months in US

Maria Butina, the only Russian arrested and convicted in the three-year investigation of Moscow's interference in US politics, was sentenced on Friday to 18 months in prison. The leader of a small Russian gun rights group, the 30-year-old Siberian native
Published 27 Apr, 2019 12:00am
Two dead in Morocco air force chopper crash

Two dead in Morocco air force chopper crash

A Moroccan air force helicopter crashed Friday in the disputed Western Sahara, killing two crew members, state news agency MAP reported. One other person on board was lightly injured in the crash, a military source told MAP, adding that a "technical inves
Published 27 Apr, 2019 12:00am
Russian air strikes kill 10 civilians in Syria's Idlib

Russian air strikes kill 10 civilians in Syria's Idlib

Air strikes by Syrian regime ally Russia killed 10 civilians in the jihadist-held northwestern region of Idlib on Friday, a monitor said, as unsuccessful peace talks ended in Kazakhstan. The raids killed three civilians including a boy on the outskirts of
Published 27 Apr, 2019 12:00am
Trump says he welcomes China, Russia help over North Korea

Trump says he welcomes China, Russia help over North Korea

President Donald Trump on Friday welcomed Russian and Chinese help with North Korean nuclear negotiations, despite Kim Jong Un accusing the US of "bad faith" at a first summit with Vladimir Putin. "I appreciate that Russia and China are helping us," he to
Published 27 Apr, 2019 12:00am
Trump rejects UN arms trade treaty

Trump rejects UN arms trade treaty

President Donald Trump announced Friday that the United States would not abide by a UN treaty aimed at regulating the global arms trade, calling it "misguided" and an encroachment on US sovereignty. Trump said the US Senate had never ratified the 2013 Arm
Published 27 Apr, 2019 12:00am
Blast injures two at Tata Steel plant in Wales

Blast injures two at Tata Steel plant in Wales

A blast tore through a Tata Steel plant in Wales overnight, lightly injuring two people, police and the company said on Friday. Footage uploaded to social media showed a bright fire lighting up the night sky and smoke rising from the Port Talbot Works fac
Published 27 Apr, 2019 12:00am
US imposes sanctions on Venezuelan foreign minister

US imposes sanctions on Venezuelan foreign minister

The United States on Friday imposed sanctions on Venezuelan Foreign Minister Jorge Arreaza as it tries to ramp up pressure to remove President Nicolas Maduro. "The United States will not stand by and watch as the illegitimate Maduro regime starves the Ven
Published 27 Apr, 2019 12:00am
60 Palestinians hurt in Gaza border clashes

60 Palestinians hurt in Gaza border clashes

At least 60 Palestinians were injured during clashes Friday along Gaza's border, including 36 shot and wounded by Israeli fire, the health ministry in the coastal enclave said. "60 people were injured by (Israeli) occupation forces" and of these 36 were s
Published 27 Apr, 2019 12:00am
Qatar to abolish exit visa system by year's end: UN

Qatar to abolish exit visa system by year's end: UN

Qatar is set to abolish its controversial exit visa system for all foreign workers by the end of the year, the UN's International Labour Organization said Friday. Qatar has introduced a series of labour reforms since its selection to host the 2022 World C
Published 27 Apr, 2019 12:00am
London, Dublin bid to restore Northern Ireland government

London, Dublin bid to restore Northern Ireland government

London and Dublin were set to announce a fresh attempt to revive Northern Ireland's power-sharing devolved administration, reports said Friday, following the killing of a journalist by nationalist paramilitaries. Northern Ireland, part of the United Kingd
Published 27 Apr, 2019 12:00am
Russia expected to target US 2020 vote to sow 'discord'

Russia expected to target US 2020 vote to sow 'discord'

FBI Director Christopher Wray said Friday that he expects Russia to target the 2020 US presidential election with social media campaigns, fake news and propaganda in a bid to divide Americans and "pit us against each other." Wray, speaking at the Council
Published 27 Apr, 2019 12:00am
FBI director lashes China over economic espionage

FBI director lashes China over economic espionage

China poses the most serious intelligence threat to the United States and is seeking to "steal its way up the economic ladder" at US expense, FBI Director Christopher Wray said Friday. Wray, speaking at the Council on Foreign Relations (CFR) in Washington
Published 27 Apr, 2019 12:00am
Cotton futures rise following upbeat export sales data
Cotton

Cotton futures rise following upbeat export sales data

ICE cotton futures settled higher on Thursday as firm weekly export sales report from the United States Department of Agriculture reassured investors that demand for US cotton was robust. The most-active cotton contract on ICE Futures US July settled up 1
Published 27 Apr, 2019 12:00am
Copper rises as dollar comes off highs, trade talks loom

Copper rises as dollar comes off highs, trade talks loom

Copper and most other industrial metals inched higher on Friday, boosted by a retreat in the dollar and hopes that a meeting between the United States and China could help ease damaging trade tensions. Three-month copper on the London Metal Exchange ended
Published 27 Apr, 2019 12:00am
Nigeria and Saudi Arabia to draft MoU on oil and gas

Nigeria and Saudi Arabia to draft MoU on oil and gas

Nigeria and Saudi Arabia plan to draft a memorandum of understanding on an oil and gas partnership that could lead to the construction of a new refinery and investments in liquefied natural gas, Nigeria's petroleum ministry said on Friday.
Published 27 Apr, 2019 12:00am
Tokyo rubber falls on weak Shanghai futures

Tokyo rubber falls on weak Shanghai futures

Tokyo Commodity Exchange (TOCOM) futures slid on Friday, tracking Shanghai futures, on high inventories and flat demand. The benchmark TOCOM rubber contract for October delivery finished 1.7 yen ($0.0152) lower at 189.3 yen per kg. For the week, TOCOM ros
Published 27 Apr, 2019 12:00am
Palm oil near one-month low
Vegetable Oil

Palm oil near one-month low

Malaysian palm oil futures fell more than 2 percent during their second half of trade on Friday to their lowest in nearly a month, weighed down by weaker related edible oils. Expectations of only a slight drop in April inventory levels also contributed to
Published 27 Apr, 2019 12:00am
Showers to help EU wheat crops but analysts wary of repeat drought

Showers to help EU wheat crops but analysts wary of repeat drought

Showers have brought some relief to thirsty wheat crops in the European Union, but more rain will be needed in the coming weeks to avert a second successive year of drought damage, analysts said. An increase in wheat sowings by farmers followed by a mild
Published 27 Apr, 2019 12:00am
Arabica coffee falls on excess supply
Currency

Arabica coffee falls on excess supply

Arabica coffee futures on ICE fell on Friday with recent 13-year lows still in sight given excess supplies, while robusta coffee recovered from the previous session's three-year low. July arabica coffee fell 0.3 cent, or 0.3 percent, to 93.10 cents per lb
Published 27 Apr, 2019 12:00am
Gold scales one-week peak in New York

Gold scales one-week peak in New York

Gold rose to its highest in more than a week on Thursday, supported by a slight retreat in the dollar and a pullback in global equities as demand for riskier assets cooled. Spot gold was up 0.2 percent at $1,276.93 per ounce as of 1:38 p.m. EDT (1738 GMT)
Published 27 Apr, 2019 12:00am
Gold climbs in Asia

Gold climbs in Asia

Gold prices climbed on Friday, as signs of weak global growth rekindled investor interest in the safe-haven metal, keeping it on track for its first weekly gain in five, ahead of US GDP data. Spot gold was up 0.4 percent at $1,281.69 per ounce, as of 0813
Published 27 Apr, 2019 12:00am
Gold rises in Europe

Gold rises in Europe

Gold rose on Friday as the dollar fell after data suggested an acceleration of US growth was driven by temporary factors that are likely to reverse in the coming quarters. Spot gold was up 0.4 percent at $1,282.37 per ounce at 1259 GMT, after hitting its
Published 27 Apr, 2019 12:00am
IGC raises wheat crop outlook

IGC raises wheat crop outlook

The International Grains Council (IGC) on Thursday nudged up its forecasts for world wheat production in the 2019/2020 season, largely reflecting an improved outlook for Russia's crop.
Published 27 Apr, 2019 12:00am
US MIDDAY: gold jumps

US MIDDAY: gold jumps

Gold jumped to a near 2-week high on Friday, en route to its best week in 12, as the dollar slipped on tepid inflation data from the United States, which outweighed an overall strong first-quarter growth report.
Published 27 Apr, 2019 12:00am
Over 570 awarded degrees at Ziauddin University convocation

Over 570 awarded degrees at Ziauddin University convocation

Ziauddin University awarded 572 degrees to the graduating students for various disciplines at the 16th convocation, held at the Expo Centre, here on Friday. The university awarded Sir Ziauddin Gold Medals to the top nine position holders.
Published 27 Apr, 2019 12:00am
Over Rs 200 billion spent on Sindh's uplift projects in 2018: Murad

Over Rs 200 billion spent on Sindh's uplift projects in 2018: Murad

The Sindh Chief Minister Syed Murad Ali Shah said on occasion of Urs celebrations of Hazrat Lal Shahbaz Qalandar (RA), devotees from all over the country as well as abroad come here that's why Sindh government tried to provide maximum facilities to the vi
Published 27 Apr, 2019 12:00am
FFC announces financial results for 1Q

FFC announces financial results for 1Q

In a meeting held on Friday, the Board of Directors of FFC announced results for the first quarter ended March 31. The company earned aggregate sales revenue of Rs 20.31 billion while income on deposits stood at a record level of Rs 921 million. Net profi
Published 27 Apr, 2019 12:00am
FFC announces financial results for 1Q

FFC announces financial results for 1Q

In a meeting held on Friday, the Board of Directors of FFC announced results for the first quarter ended March 31. The company earned aggregate sales revenue of Rs 20.31 billion while income on deposits stood at a record level of Rs 921 million. Net profi
Published 27 Apr, 2019 12:00am
Sindh government supports WWF-Pakistan's initiatives

Sindh government supports WWF-Pakistan's initiatives

The Sindh government on Friday pledged to support all initiatives of the WWF-Pakistan to conserve nature and wetlands and help sustainable development. "Sindh is home to rich natural resources and is bestowed with a wide range of wetlands including ten Ra
Published 27 Apr, 2019 12:00am
Need stressed for creating awareness about hepatitis

Need stressed for creating awareness about hepatitis

Pakistan can turn into a "cirrhotic state" and Hepatitis-C can become second polio for the country if we don't start mass awareness and screening of our population of the viral hepatitis, which is now a completely treatable and curable disease. Every preg
Published 27 Apr, 2019 12:00am
KCCI chief underscores need for safe industrial environment

KCCI chief underscores need for safe industrial environment

President of Karachi Chamber of Commerce and Industry (KCCI), Junaid Esmail Makda has said that some of the crucial laws on health, safety and environment enacted since 1974 are quite comprehensive; nevertheless, the performance in both public and private
Published 27 Apr, 2019 12:00am
OPPO announces to launch new F11

OPPO announces to launch new F11

OPPO, leading mobile phone brand in Pakistan, on Friday announced a cooperation with Marvel Studios' 'Avengers: Endgame' to launch the brand new F11 Pro Marvel's Avengers Limited Edition smartphone in support of the film. "This latest co-branded product b
Published 27 Apr, 2019 12:00am
Nestlé Pakistan launches report on 'Creating Shared Value'

Nestlé Pakistan launches report on 'Creating Shared Value'

Continuing with the annual practice, Nestlé Pakistan publishes its 'Nestle in Society: Creating Shared Value (CSV) report 2018 recently. It highlights Nestlé's three main focus areas globally: individuals and families, communities and the planet.
Published 27 Apr, 2019 12:00am
Pakistan emerges stronger while dealing with terrorism: Alvi

Pakistan emerges stronger while dealing with terrorism: Alvi

President Dr Arif Alvi said on Friday that Pakistan has emerged stronger while dealing with terrorism whereas India learnt nothing from the complex situations it was facing on its soil. While addressing the "National Interfaith Peace Conference" held at a
Published 27 Apr, 2019 12:00am
Hot weather to continue next week

Hot weather to continue next week

Spell of hot weather would continue throughout the next week as the mercury is set to rise above 40 degree Celsius, said met office sources. They said that westerly wave would continue hitting the city until monsoon season sets in. Already, scorching heat
Published 27 Apr, 2019 12:00am
Gas thief jailed for five years

Gas thief jailed for five years

Sui Southern Gas Company (SSGC) has secured more success on the legal front. The District Gas Utility Court, Dera Allah Yaar announced judgment against accused Imran Ali who was nominated in gas theft vide FIR - 242/2018. According to the judgment, the co
Published 27 Apr, 2019 12:00am
Sarwar hopes more investment from UK

Sarwar hopes more investment from UK

Punjab Governor Chaudhry Muhammad Sarwar Friday said that foreign investors are being facilitated and more investment from the UK would be welcomed. He said this while talking to the British High Commissioner to Pakistan Thomas Drew, here at Governor's Ho
Published 27 Apr, 2019 12:00am
Four terrorists held in Multan

Four terrorists held in Multan

The Counter Terrorism Department (CTD) arrested four terrorists of banned outfit, Tehreek-e-Taliaban Pakistan (TTP) and recovered arms, explosives, maps of sensitive installations and photos of important personalities here on Friday. The CTD sources said
Published 27 Apr, 2019 12:00am
Construction of houses will start in three cities in 1st phase: Buzdar

Construction of houses will start in three cities in 1st phase: Buzdar

In the first phase of the Prime Minister's Naya Pakistan Housing Programme, construction of houses will start in Renala Khurd, Chishtian and Lodhran, and other districts will be included in the programme. Punjab Chief Minister Sardar Usman Buzdar disclose
Published 27 Apr, 2019 12:00am
Plea to reconsider sealing of Darul Sehat Hospital

Plea to reconsider sealing of Darul Sehat Hospital

Darul Sehat Hospital has urged the Sindh Healthcare Commission (SHCC) to reconsider the recently issued seal orders on alleged charges of non-compliance to immediate recommendations made in its report on 'Baby Nashwa Case'. "Complying to the report we hav
Published 27 Apr, 2019 12:00am
Mari Petroleum wins prestigious EFP award

Mari Petroleum wins prestigious EFP award

Mari Petroleum Company (MPCL) won "Overall Platinum Award" the highest in the overall category of Employers' Federation of Pakistan (EFP) "Best Practices award for Occupational Safety and Health and future of Work - 2019". The award was conferred by Syed
Published 27 Apr, 2019 12:00am
Nusrat Nasrullah passes away

Nusrat Nasrullah passes away

Former journalist and writer Nusrat Nasrullah died, here on Friday. His funeral prayers were held at Bait-us-Salam mosque near K-Electric head office in DHA Phase IV. He was laid to rest in DHA phase VIII graveyard. Nusrat Nasrullah had no child and his w
Published 27 Apr, 2019 12:00am
LCCI demands uniform energy prices across country

LCCI demands uniform energy prices across country

The Lahore Chamber of Commerce & Industry has hoped that upcoming budgetary document would be drawn according to the wishes of business community. LCCI President Almas Hyder, Senior Vice President Khawaja Shahzad Nasir and Vice President Faheem-ur-Rehman
Published 27 Apr, 2019 12:00am
Hussain Asghar appointed dy chairman NAB

Hussain Asghar appointed dy chairman NAB

President Arif Alvi has approved appointing Hussain Asghar as deputy chairman National Accountability Bureau (NAB) in consultation with Justice Javed Iqbal Chairman NAB.
Published 27 Apr, 2019 12:00am
Ban imposed on sale and purchase of liquor during Ramazan

Ban imposed on sale and purchase of liquor during Ramazan

Sindh Excise and Taxation department has banned the sale and purchase of liquor during the holy month of Ramadan throughout the province. According to details, the retail-sale and wholesale shops dealing in the sale or purchase of liquor shall remain clos
Published 27 Apr, 2019 12:00am
Taxes on mobile phone top-up cards restart

Taxes on mobile phone top-up cards restart

Telecom companies started deduction of restored federal/provincial taxes including withholding tax on mobile phone top-up cards from Friday. Customers of cellular companies received messages on Thursday that stated, "Dear customer, in view of the order of
Published 27 Apr, 2019 12:00am
Ufone Tower becomes tobacco smoke-free public spaces

Ufone Tower becomes tobacco smoke-free public spaces

Ufone Tower is now among the 216 Tobacco-Smoke free public spaces in the capital. The Pakistani telecom company joined the initiative which is the brain child of the Federal Ministry of Health. Dr Nausheen Hamid, Parliamentary Secretary, Ministry of Natio
Published 27 Apr, 2019 12:00am
SCBP delivers strong profit in Q1 2019

SCBP delivers strong profit in Q1 2019

Standard Chartered Bank (Pakistan) Limited has announced its first quarter of 2019 financial results. The Bank delivered a strong profit in the first quarter of 2019 which led to a growth of 61 percent in profit before tax to Rs 6.7 billion. Overall reven
Published 27 Apr, 2019 12:00am
PTC employee bags GDIB award

PTC employee bags GDIB award

The Global Diversity and Inclusion Benchmark (GDIB) Award has been given to Aly Taseer, Area Head of Human Resource (HR) Pakistan Tobacco Company (PTC) here on Friday. Kashmala Tariq, Federal Ombudsperson for Protection against Harassment of Women at the
Published 27 Apr, 2019 12:00am
PYMA urges FBR to withdraw notices, stop harassing traders
Cotton

PYMA urges FBR to withdraw notices, stop harassing traders

Chairman of Pakistan Yarn Merchants Association (S & B Zone), Muhammad Saqib Goodluck has urged chairman Federal Board of Revenue (FBR) for withdrawal of notices issued to cotton yarn trades. He demanded that until issuance of clarification over SRO 333/2
Published 27 Apr, 2019 12:00am
HDIP seeks Rs 293.6 million to upgrade POL products' testing facilities

HDIP seeks Rs 293.6 million to upgrade POL products' testing facilities

Hydrocarbon Development Institute of Pakistan (HDIP) has sought Rs 293.6 million for up-gradation of petroleum product testing facilities at Islamabad, Lahore, Multan, Peshawar and Quetta, besides ISO certification of petroleum testing laboratory in the f
Published 27 Apr, 2019 12:00am
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