News Archives for Print - 2019-04-27

Transfers & postings: Sindh government to formulate police rules, enact legislation by May 14

Provincial government will formulate the police rules on transfer and posting as well as carryout the legislation in this regard in one month, Sindh High Court (SHC) was informed on Friday. Advocate General Sindh Salman Talibuddin assured SHC bench compri

Published 27 Apr, 2019 12:00am

Micro-financing: different exposure limits fixed, SECP tells NBFCs

The Secu-rities and Exchange Comm-ission of Pakistan (SECP) has told Non-Banking Finance Companies (NBFCs) that exposure limits for micro-financing has been fixed, ie, Rs 1,500,000 for housing loan to poor person, Rs 500,000 for general loans other than h

Published 27 Apr, 2019 12:00am

Lahore Paper Market Rates

Paper market rates in rupees on Friday (April 26, 2019).

Published 27 Apr, 2019 12:00am

Micro-financing: different exposure limits fixed, SECP tells NBFCs

The Secu-rities and Exchange Comm-ission of Pakistan (SECP) has told Non-Banking Finance Companies (NBFCs) that exposure limits for micro-financing has been fixed, ie, Rs 1,500,000 for housing loan to poor person, Rs 500,000 for general loans other than h

Published 27 Apr, 2019 12:00am

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (April 26, 2019)

Published 27 Apr, 2019 12:00am

Micro-financing: different exposure limits fixed, SECP tells NBFCs

The Secu-rities and Exchange Comm-ission of Pakistan (SECP) has told Non-Banking Finance Companies (NBFCs) that exposure limits for micro-financing has been fixed, ie, Rs 1,500,000 for housing loan to poor person, Rs 500,000 for general loans other than h

Published 27 Apr, 2019 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (April 26, 2019).

Published 27 Apr, 2019 12:00am

Nandipur scam case: AC to announce verdict on April 30

The Accountability Court hearing Nandipur power project case on Friday fixed April 30 for announcement of its judgement with respect to former Law Minister Babar Awan's acquittal application. While hearing the case, Accountability Court Judge Muhammad Ars

Published 27 Apr, 2019 12:00am

LME official prices

The following were Thursday official prices.

Published 27 Apr, 2019 12:00am

Nandipur scam case: AC to announce verdict on April 30

The Accountability Court hearing Nandipur power project case on Friday fixed April 30 for announcement of its judgement with respect to former Law Minister Babar Awan's acquittal application. While hearing the case, Accountability Court Judge Muhammad Ars

Published 27 Apr, 2019 12:00am

LME official prices

The following were Thursday official prices.

Published 27 Apr, 2019 12:00am

Firing range plan by US embassy: Senate chief refers matter to concerned panel for probe

Senate Chairman Sadiq Sanjrani on Friday referred the controversial firing range construction by the US embassy in Islamabad to concerned committee of the House to probe the matter. Lt Gen Abdul Qayyum (Retd) of opposition Pakistan Muslim League-Nawaz (PM

Published 27 Apr, 2019 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (April 26, 2019).

Published 27 Apr, 2019 12:00am

Firing range plan by US embassy: Senate chief refers matter to concerned panel for probe

Senate Chairman Sadiq Sanjrani on Friday referred the controversial firing range construction by the US embassy in Islamabad to concerned committee of the House to probe the matter. Lt Gen Abdul Qayyum (Retd) of opposition Pakistan Muslim League-Nawaz (PM

Published 27 Apr, 2019 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (April 26, 2019).

Published 27 Apr, 2019 12:00am

Sri Lankan police hunt 140 people: Muslims urged to pray at home and not attend mosques

Sri Lankan police are trying to track down 140 people believed linked to Islamic State, which has claimed responsibility for the Easter Sunday suicide bombings of churches and hotels that killed 253 people, President Maithripala Sirisena said on Friday.

Published 27 Apr, 2019 12:00am

The Weather

The weather report on Friday (April 26, 2019) and the forecast for Saturday (April 27, 2019).

Published 27 Apr, 2019 12:00am

Sri Lankan police hunt 140 people: Muslims urged to pray at home and not attend mosques

Sri Lankan police are trying to track down 140 people believed linked to Islamic State, which has claimed responsibility for the Easter Sunday suicide bombings of churches and hotels that killed 253 people, President Maithripala Sirisena said on Friday.

Published 27 Apr, 2019 12:00am

Shaikh can't present budget, chair NFC meeting sans oath

Prime Minister's Adviser on Finance, Dr Abdul Hafeez Shaikh would not be eligible to present the annual budget in the National Assembly or chair the National Finance Commission (NFC) meetings if he does not take oath as federal minister. Sources said that

Published 27 Apr, 2019 12:00am

Shaikh can't present budget, chair NFC meeting sans oath

Prime Minister's Adviser on Finance, Dr Abdul Hafeez Shaikh would not be eligible to present the annual budget in the National Assembly or chair the National Finance Commission (NFC) meetings if he does not take oath as federal minister. Sources said that

Published 27 Apr, 2019 12:00am

Shaikh can''t present budget, chair NFC meeting sans oath

Prime Minister''s Adviser on Finance, Dr Abdul Hafeez Shaikh would not be eligible to present the annual budget in the National Assembly or chair the National Finance Commission (NFC) meetings if he does not take oath as federal minister. Sources said tha

Published 27 Apr, 2019 12:00am

Qatar emerges as front-runner for long-term LNG deal

Qatar has emerged as the front-runner for a long-term gas supply deal to Pakistan, a senior Pakistani official said on Friday, with the cabinet of Prime Minister Imran Khan set to decide in the coming weeks on an agreement.

Published 27 Apr, 2019 12:00am

Qatar emerges as front-runner for long-term LNG deal

Qatar has emerged as the front-runner for a long-term gas supply deal to Pakistan, a senior Pakistani official said on Friday, with the cabinet of Prime Minister Imran Khan set to decide in the coming weeks on an agreement.

Published 27 Apr, 2019 12:00am

Qatar emerges as front-runner for long-term LNG deal

Qatar has emerged as the front-runner for a long-term gas supply deal to Pakistan, a senior Pakistani official said on Friday, with the cabinet of Prime Minister Imran Khan set to decide in the coming weeks on an agreement.

Published 27 Apr, 2019 12:00am

PM hopes talks could resume with India after elections

Prime Minister Imran Khan expressed the hope on Friday that India will come to the table of negotiations after the general elections. He was speaking at a luncheon hosted by China-Pakistan Friendship Association and International Cultural Comm-unication C

Published 27 Apr, 2019 12:00am

PM hopes talks could resume with India after elections

Prime Minister Imran Khan expressed the hope on Friday that India will come to the table of negotiations after the general elections. He was speaking at a luncheon hosted by China-Pakistan Friendship Association and International Cultural Comm-unication C

Published 27 Apr, 2019 12:00am

Address in Beijing

Addressing the opening session of China's second Belt and Road Initiative (BRI) forum, Prime Minister Imran Khan stated that "Pakistan is proud to have partnered with China in this transformative endeavour. We have been among BRI's earliest and most enthu

Updated 27 Apr, 2019 07:26am

Rumours, conspiracy theories and polio

On April 22, 2019, a countrywide five-day polio vaccination drive was launched. Soon after it kicked off, children administered the vaccine in one school in Peshawar complained of nausea and abdominal pain, were rushed to hospital and discharged after tre

Updated 27 Apr, 2019 07:26am

What went wrong in nine months?

The PTI government started its tenure on a promising note, pledging that it would turn around the crippling economy that it had inherited from the PML-N government. The market sentiments, spurred by the hope of good times ahead, well reciprocated the enth

Published 27 Apr, 2019 12:00am

Amnesty and other stuff

So we have a new boss for the economy, and will pretty soon have a new finance team; best wishes to them, with a sincere wish that they succeed in steering the economy out of the current perfect storm. On a pragmatic note, unless the new team has Aladdin'

Published 27 Apr, 2019 12:00am

North Korea signals shift in nuclear diplomacy

The demotion of Kim Yong Chol, North Korean leader Kim Jong Un's point man for nuclear talks with the United States, signals he has taken the fall for the failed second summit between the two countries, diplomats in Seoul and regional experts said.

Published 27 Apr, 2019 12:00am

Rosogullas made of sand and pebbles

The 2019 general elections in India are characterised by quite a few interesting incidents. For example, an Indian man chopped off his index finger in desperation after voting for the wrong party in the country's national election.

Published 27 Apr, 2019 12:00am

Partly Facetious : Benazir was never referred to as 'sahiba'

"I have a theory."

Published 27 Apr, 2019 12:00am

PM meets Tajik President

Prime Minister Imran Khan met with Emomali Rahmon, President of Tajikistan on the sidelines of the second Belt and Road Forum in Beijing, China.

Published 27 Apr, 2019 12:00am

Survey reveals: soaring medicine prices playing havoc with patients' lives

Pharmaceutical industry has not yet reduced the soaring medicine prices despite the Prime Minister's directives in this regard and removal of the federal health minister. Business Recorder unearthed it in a survey conducted here on Friday.

Published 27 Apr, 2019 12:00am

Prices of 395 medicines to be slashed, NA told

Parliamentary Secretary National Health Services, Regulations & Coordination Dr Nausheen Hamid has said prices of 395 medicines are being decreased. During the question hour session of the National Assembly here on Friday, the parliamentary secretary told

Published 27 Apr, 2019 12:00am

Khalilzad praises PM Imran's statement on Afghanistan

The Special Representative of the United States for Afghanistan Reconciliation Zalmay Khalilzad has praised Prime Minister Imran Khan's statement on Afghanistan.

Published 27 Apr, 2019 12:00am

Fake bank accounts scam: Gilani denies any illegality in his tenure

Former Prime Minister Syed Yousaf Raza Gilani on Friday said he had gifted cars to former President Asif Ali Zardari and former Prime Minister Nawaz Sharif as per law and had not committed any illegality. Gilani, while talking to media persons after appea

Published 27 Apr, 2019 12:00am

NA speaker forms body on national security

Speaker National Assembly Asad Qaiser has constituted the Parliamentary Committee on National Security to oversee implementation of the National Action Plan (NAP) and other issues related to national security. He constituted the committee on Friday in pur

Published 27 Apr, 2019 12:00am

Opposition ready to review NAB law: Zardari

Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari has said if Pakistan Tehreek-e-Insaf (PTI) government is serious, the opposition is ready to review National Accountability Bureau (NAB) law.

Published 27 Apr, 2019 12:00am

Regulations for Technical Implementation of Mobile Banking (Amendment), 2019 notified

Pakistan Telecommunication Authority (PTA) has notified "Regulations for Technical Implementation of Mobile Banking (Amendment), 2019." These regulations allow telecom operators, authorised financial institutions (AFIs) and third party service provider (T

Published 27 Apr, 2019 12:00am

Dispute resolution: 120-day limit set for ADRCs

The Federal Board of Revenue (FBR) has prescribed a time limit of 120 days for the Alternative Dispute Resolution Committees (ADRCs) to resolve the sales tax and federal excise disputes between the taxpayers and FBR. The FBR has amended Federal Excise Rul

Published 27 Apr, 2019 12:00am

Ramazan moon sighting likely on May 6

The moon of Ramazan will be sighted on the evening of Monday, May 6, and the holy month of Ramazan is expected to begin on May 7, the weather office said on Friday. Pakistan Meteorological Department on Friday forecast the new moon of Ramazan, 1440 AH wil

Published 27 Apr, 2019 12:00am

Country heading towards quasi-presidential form of government, says Rabbani

Former Chairman Senate Raza Rabbani on Friday pointed out that appointment of unelected members as advisers and special assistants to the prime minister beyond a certain limit is not only violation of the Constitution but it is also an indication that the

Published 27 Apr, 2019 12:00am

Government striving hard to revive economy: Alvi

President of Pakistan Dr Arif Alvi has said that the government is seriously striving to revive the economy and improve living standard of the masses and these selfless efforts will come to fruition soon. He said this, talking to a delegation of the busin

Published 27 Apr, 2019 12:00am

Pak-China FTA: exporters for taking industry onboard

If exports to China are expected to grow to $6 billion after the 2nd phase of the Pak-China Free Trade Agreement (FTA), an item wise break up in which exports are expected to jump should be shared with the industry for their comments, chairman sub committ

Published 27 Apr, 2019 12:00am

IHC bars Islamabad DC from executing development projects

The Islamabad High Court (IHC) Friday restrained the deputy commissioner Islamabad from executing development projects in the federal capital. A single bench of IHC comprising Chief Justice Athar Minallah conducted hearing of a petition and directed the f

Published 27 Apr, 2019 12:00am

Q3 ended 31 March, 2019: OGDCL posts Rs 85.312 billion profit after tax

The Board of Directors of Oil & Gas Development Company Limited (OGDCL) in a meeting held on 26th April, 2019 at Islamabad, announced the financial results for the third quarter ended 31st March, 2019. The Company's net sales revenue increased to Rs 192.0

Published 27 Apr, 2019 12:00am

Q3 ended 31 March, 2019: OGDCL posts Rs 85.312 billion profit after tax

The Board of Directors of Oil & Gas Development Company Limited (OGDCL) in a meeting held on 26th April, 2019 at Islamabad, announced the financial results for the third quarter ended 31st March, 2019. The Company's net sales revenue increased to Rs 192.0

Published 27 Apr, 2019 12:00am

PK 100-115: Election schedule for merged areas on May 6: ECP

The Election Commission of Pakistan would issue the elections schedule for merged district seats from PK-100 to PK-115 of the provincial assembly of Khyber Pakhtunkhwa on May 6, said a spokesman here on Friday. The ECP clarified that the electoral lists w

Published 27 Apr, 2019 12:00am

Employees Contributory Funds: SECP revises rules for investments in securities

The Securities and Exchange Commission of Pakistan (SECP) Friday revised limits/conditions for Employees Contributory Funds engaged in making investments in listed securities. The SECP has issued SRO 491 (I)/2019 here on Friday to amend the Employees Cont

Published 27 Apr, 2019 12:00am

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

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

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

Prime Minister striving for country's progress: National Assembly speaker

Terming vision and strong determination imperative for national progress and prosperity, Speaker National Assembly, Asad Qaiser has said that Prime Minister Imran Khan is striving hard to put the country on the road to progress and prosperity. While speak

Published 27 Apr, 2019 12:00am

Bank Alfalah profit before tax up by 21 percent in first quarter

The Board of Directors of Bank Alfalah in their meeting held in Abu Dhabi on 25 April 2019, approved the Bank's unaudited interim financial statements for the period ended March 31, 2019.

Published 27 Apr, 2019 12:00am

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

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

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

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

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

Currency

Q1 results announced: Engro announces Rs 7.5 billion investment for telecom infrastructure sector

Pakistan's largest conglomerate announces Rs 7.5 billion investment in telecommunications infrastructure sector, initiation of a detailed feasibility study to set up a polypropylene facility and gets Board's nod to proceed with PKR 1.76 billion acquisitio

Published 27 Apr, 2019 12:00am

Indus Motor's CKD & CBU vehicles sale up by 7 percent

The quarterly board meeting of Indus Motor Company Ltd for the quarter and nine months, ended 31st March FY 2018-19, was held on April 26, 2019.

Published 27 Apr, 2019 12:00am

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

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

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

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

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

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

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

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

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

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

Budget 2019-2020: PCMA demands relief package for development of chemical industry

Pakistan Chemical Manufacturers Association (PCMA) has demanded of the government to provide a comprehensive relief package for development of chemical industry in the forthcoming budget. PCMA's Secretary General Syed Iqbal Kidwai on Friday said the assoc

Published 27 Apr, 2019 12:00am

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Currency	Rate
USD PKR Interbank Selling / Jan 29	278.93
USD PKR Interbank Buying / Jan 29	278.73
USD to Japanese Yen / Jan 29	155.27
USD to Swiss Franc / Jan 29	0.90
Pound Sterling to USD / Jan 29	1.25
Euro to USD / Jan 29	1.04

Stock	Volume
S&P 500 / Jan 28	6,067.70
Nasdaq / Jan 28	19,733.59
Dow Jones / Jan 28	44,850.35
India Sensex / Jan 29	76,280.68
Tokyo Nikkei / Jan 29	39,346.10
Hang Seng / Jan 29	20,225.11
FTSE 100 / Jan 29	8,526.69
Germany DAX 30 / Jan 29	21,503.20

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 28	18,485
Gold 10 Grams PKR / Jan 28	247,560.80
Crude Oil USD/Barrel / Jan 29	73.75
Gold Spot USD/Ounce / Jan 29	2,761.08
Cotton US¢/pound / Jan 29	67.12
Petrol/Litre / Jan 30	256.13

Stock	Price
Waves Home Appliances / Jan 29 Waves Home Appliances Limited(WAVESAPP)	11.63 ▲ 1.06 (10.03%)
Redco Textile / Jan 29 Redco Textiles Limited(REDCO)	19.97 ▲ 1.82 (10.03%)
Jauharabad Sug / Jan 29 Jauharabad Sugar Mills Limited(JSML)	21.84 ▲ 1.99 (10.03%)
Saritow Spinning / Jan 29 Saritow Spinning Mills Limited(SSML)	14.81 ▲ 1.35 (10.03%)
Leather Up Ltd. / Jan 29 Leather Up Limited(LEUL)	44.41 ▲ 4.04 (10.01%)
Fateh Sports / Jan 29 Fateh Sports Wear Limited(FSWL)	86.43 ▲ 7.86 (10%)
Supernet Ltd. / Jan 29 Supernet Limited (GEM)(GEMSPNL)	19.80 ▲ 1.8 (10%)
Sanghar Sugar / Jan 29 Sanghar Sugar Mills Limited(SANSM)	30.69 ▲ 2.79 (10%)
Shahmurad Sugar / Jan 29 Shahmurad Sugar Mills Limited(SHSML)	398.70 ▲ 36.25 (10%)

Stock	Price
D.S. Ind. Ltd. / Jan 29 D.S. Industries Limited(DSIL)	4.51 ▼ -0.85 (-15.86%)
Tariq Corp.Pref. / Jan 29 Tariq Corporation Limited-Preference Shares(TCORPCPS)	6.88 ▼ -1 (-12.69%)
PICIC Ins.Ltd. / Jan 29 PICIC Insurance Limited(PIL)	2.25 ▼ -0.32 (-12.45%)
Punjab Mod / Jan 29 First Punjab Modaraba(FPJM)	2.60 ▼ -0.33 (-11.26%)
National Silk / Jan 29 The National Silk & Rayon Mills Limited(NSRM)	49.29 ▼ -5.48 (-10.01%)
Blessed Tex. / Jan 29 Blessed Textiles Limited(BTL)	306 ▼ -34 (-10%)
Shahtaj Sugar / Jan 29 Shahtaj Sugar Mills Limited(SHJS)	111.67 ▼ -12.41 (-10%)
Crescent Steel / Jan 29 Crescent Steel & Allied Products Limited(CSAP)	112.88 ▼ -12.54 (-10%)
Suhail Jute / Jan 29 Suhail Jute Mills Limited(SUHJ)	82.02 ▼ -8.63 (-9.52%)

Stock	Volume
WorldCall Telecom / Jan 29 Worldcall Telecom Limited(WTL)	67,917,203 ▼ -0.01
Cnergyico PK / Jan 29 Cnergyico PK Limited(CNERGY)	31,182,412 ▲ 0.14
Sui South Gas / Jan 29 Sui Southern Gas Company Limited(SSGC)	29,454,322 ▼ -1.6
K-Electric Ltd. / Jan 29 K-Electric Limited(KEL)	29,207,516 ▲ 0.11
Fauji Foods Ltd / Jan 29 Fauji Foods Limited(FFL)	26,339,311 ▼ -0.04
Citi Pharma Ltd / Jan 29 Citi Pharma Ltd.(CPHL)	26,038,104 ▼ -0.81
Dewan Motors / Jan 29 Dewan Farooque Motors Limited(DFML)	24,645,415 ▲ 3.11
Fauji Cement / Jan 29 Fauji Cement Company Limited(FCCL)	18,743,736 ▼ -0.97
Lotte Chemical / Jan 29 Lotte Chemical Pakistan Limited(LOTCHEM)	14,546,524 ▼ -0.55

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