News Archives for Print - 2019-04-29

Swiss investment firm, Bitfury launch bitcoin mining fund

Swiss investment firm Final Frontier and global blockchain technology company the Bitfury Group, which was recently valued at $1 billion, on Wednesday announced the launch of a regulated bitcoin mining fund. The fund is under the supervision of Liechtenst

Published 29 Apr, 2019 12:00am

Currency

Thailand set to be Southeast Asia's hottest IPO market this year

Thailand is set to see the most funds raised from IPOs in Southeast Asia this year, with more than $5 billion expected to be garnered in the second half, sources said, as a tourist boost to the economy trumps jitters stoked by inconclusive elections.

Published 29 Apr, 2019 12:00am

Fed to hold fire despite White House call for rate cut

The Federal Reserve is poised to hold its fire this week, leaving benchmark US interest rates untouched as central bankers await firm indications of where the world's largest economy is headed. But as policymakers gather for their third meeting of the yea

Published 29 Apr, 2019 12:00am

Buffett's Berkshire Hathaway moves into Dubai despite property slump

The real estate affiliate of billionaire investor Warren Buffett's Berkshire Hathaway Inc said on Sunday it will expand its brokerage operations into the Middle East by opening an office in Dubai. It said it also plans to open a second United Arab Emirate

Published 29 Apr, 2019 12:00am

UK fracking tsar quits after six months

The British government's fracking tsar Natascha Engel said on Sunday she had quit the role after just six months because government policy was preventing the industry from developing. Fracking, or hydraulically fracturing, involves extracting gas from roc

Published 29 Apr, 2019 12:00am

China says criticisms on IP protection lack evidence amid trade spat

Criticisms of China's intellectual property (IP) protection "lack evidence" and IP infringement is a worldwide problem, the head of China's National Intellectual Property Administration said on Sunday. Critics also ignored the significant progress China h

Published 29 Apr, 2019 12:00am

Fresh SAS woe as strike grounds 110,000 travellers

A further 110,000 air passengers faced being left grounded after Scandinavian carrier SAS on Sunday cancelled 1,213 flights as pilot strike action spiralled. Pilots demanding better pay and conditions walked off the job in Sweden, Denmark and Norway on Fr

Published 29 Apr, 2019 12:00am

Germany warming towards carbon tax

Germany looks set to introduce an economy-wide system of carbon emissions pricing after senior officials from both parties of Berlin's governing coalition reached a consensus on the proposal, the Frankfurter Allgemeine reported on Sunday. According to the

Published 29 Apr, 2019 12:00am

Currency

Flagship Argentine airline cancels flights

Argentina's government-controlled carrier Aerolineas Argentinas said on Sunday it canceled all flights scheduled for Tuesday due to a nationwide strike by labor unions opposed to the austerity program of President Mauricio Macri. The 24-hour work stoppage

Published 29 Apr, 2019 12:00am

SABIC posts 38 percent drop in first quarter profit

Saudi Basic Industries Corporation (SABIC) expects its financial performance in 2019 won't be as strong as 2018, but will still beat market forecasts, its chief executive said on Sunday. His comments came after the world's fourth-biggest petrochemicals gi

Published 29 Apr, 2019 12:00am

Oil industry under pressure to respond to climate change

The oil industry, under mounting pressure from environmental activists to react more quickly to counter climate change, has begun to adapt its strategy but is struggling to convince critics it is doing enough. Last week activists, responding to a call fro

Published 29 Apr, 2019 12:00am

Crisis-hit Nissan issues fresh profit warning

Nissan issued a profit warning on Wednesday, deepening the woes of the Japanese car giant as it seeks to recover from the shock of former boss Carlos Ghosn's arrest. The firm downgraded its projection for net profit in the fiscal year to March 2019 from 4

Published 29 Apr, 2019 12:00am

Crisis-hit Nissan issues fresh profit warning

Nissan issued a profit warning on Wednesday, deepening the woes of the Japanese car giant as it seeks to recover from the shock of former boss Carlos Ghosn's arrest. The firm downgraded its projection for net profit in the fiscal year to March 2019 from 4

Published 29 Apr, 2019 12:00am

Currency

PSA revenue hit by overseas decline, Iran withdrawal

Peugeot maker PSA Group reported a 1.1 percent decline in first-quarter revenue, as a sales decline outside Europe and currency challenges outweighed pricing improvements. The French carmaker's shares fell on Thursday after it said revenue dropped to 17.9

Published 29 Apr, 2019 12:00am

Currency

PSA revenue hit by overseas decline, Iran withdrawal

Peugeot maker PSA Group reported a 1.1 percent decline in first-quarter revenue, as a sales decline outside Europe and currency challenges outweighed pricing improvements. The French carmaker's shares fell on Thursday after it said revenue dropped to 17.9

Published 29 Apr, 2019 12:00am

Hitachi plans to sell chemical unit

Japan's Hitachi Ltd plans to sell its majority stake in Hitachi Chemical, two sources with direct knowledge of the matter told Reuters, in what would mark the latest deal by the sprawling conglomerate to streamline its businesses. Hitachi, Japan's largest

Published 29 Apr, 2019 12:00am

SoftBank invests in Alphabet business for cellphone antennas

A SoftBank Corp subsidiary said on Wednesday it had invested $125 million in an Alphabet Inc company that is working to fly cellphone antennas high in the atmosphere to provide internet in areas that are difficult to reach. SoftBank's HAPSMobile, which ha

Published 29 Apr, 2019 12:00am

UBS counts on market recovery to meet 2019 targets

Switzerland's biggest bank UBS is counting on a pick-up in market conditions to meet its 2019 targets, after investment bank earnings plunged 64 percent in the first quarter. UBS reported a 27 percent drop in net profit on Thursday, although this was not

Published 29 Apr, 2019 12:00am

Carrefour's first quarter sales growth accelerates

Carrefour said revenue growth accelerated in the first quarter as hypermarket sales in its core French market turned slightly positive, suggesting the retailer was making progress with its recovery plan. Sales reached 20.016 billion euros ($22.4 billion),

Published 29 Apr, 2019 12:00am

Carrefour's first quarter sales growth accelerates

Carrefour said revenue growth accelerated in the first quarter as hypermarket sales in its core French market turned slightly positive, suggesting the retailer was making progress with its recovery plan. Sales reached 20.016 billion euros ($22.4 billion),

Published 29 Apr, 2019 12:00am

Boeing axes 210 orders after India's Jet stops flying

Boeing Co removed 210 aircraft from its order backlog and took an impairment charge over customer financing losses on Wednesday following the near-collapse of India's Jet Airways. The adjustment pushed the world's largest planemaker behind European rival

Published 29 Apr, 2019 12:00am

Bayer earnings slump as Monsanto lawsuits pile up

German chemicals giant Bayer said its first quarter net profit slumped by more than a third, as it booked a big charge amid a flood of lawsuits over its subsidiary Monsanto's Roundup weed killer. Hit by the legal entanglements and ongoing costs of integra

Published 29 Apr, 2019 12:00am

Huawei first quarter revenue grows 39 percent to $27 billion

Huawei Technologies said on Monday its first-quarter revenue jumped 39 percent to 179.7 billion yuan ($26.81 billion), in the Chinese technology firm's first-ever quarterly results. The Shenzhen-based firm, the world's biggest telecoms equipment maker, al

Published 29 Apr, 2019 12:00am

Huawei first quarter revenue grows 39 percent to $27 billion

Huawei Technologies said on Monday its first-quarter revenue jumped 39 percent to 179.7 billion yuan ($26.81 billion), in the Chinese technology firm's first-ever quarterly results. The Shenzhen-based firm, the world's biggest telecoms equipment maker, al

Published 29 Apr, 2019 12:00am

Al Rajhi Bank first quarter net profit rises 21 percent

Al Rajhi Bank, Saudi Arabia's second-largest lender by assets, reported double-digit growth in first-quarter net profit on Tuesday, helped by higher special commission income and fees. Saudi Arabia's biggest Islamic lender said net profit rose 21 percent

Published 29 Apr, 2019 12:00am

Al Rajhi Bank first quarter net profit rises 21 percent

Al Rajhi Bank, Saudi Arabia's second-largest lender by assets, reported double-digit growth in first-quarter net profit on Tuesday, helped by higher special commission income and fees. Saudi Arabia's biggest Islamic lender said net profit rose 21 percent

Published 29 Apr, 2019 12:00am

Huawei launches 'world's first' 5G communications hardware for autos

China's Huawei Technologies launched on Monday what it said was the world's first 5G communications hardware for the automotive industry, in a sign of its growing ambitions to become a key supplier to the sector for self-driving technology. Huawei said in

Published 29 Apr, 2019 12:00am

ABS, Google Cloud and SoftServe partner to demonstrate feasibility of AI-enabled corrosion detection

ABS, Google Cloud and SoftServe completed a pilot project applying artificial intelligence (AI) models to detect levels of corrosion and coating breakdown on ships and offshore structures. The project successfully demonstrated the accuracy of AI in detect

Published 29 Apr, 2019 12:00am

Nikon's high-volume manufacturing advances Velodyne lead in global lidar sensor marketSAN JOSE: Velodyne provides the smartest, most powerful lidar solutions for vehicle autonomy and driver assistance. "Mass production of our high-performance lidar sensor

void(0)" onMouseOver="popup(event,'Copyright AP (Associated Press), 2019
AP text, photos, graphics and logos shall not be reproduced, published, broadcast, rewritten for broadcast or publication or redistributed directly or indirec

Published 29 Apr, 2019 12:00am

Samsung delays launch of folding Galaxy smartphone

Samsung said April 23 it was delaying the launch of its folding smartphone after trouble with handsets sent to reviewers. Some reviewers who got their hands on the Galaxy Fold early reported problems with screens breaking. Samsung said it decided to put o

Published 29 Apr, 2019 12:00am

Tesla eyes 'robotaxis' by 2020 with new self-driving technology

Tesla said on April 22 it is expecting to deploy self-driving "robotaxis" by 2020 as it unveiled its upgraded technology for driverless vehicles. Chief executive Elon Musk told an investor presentation he expected regulator approval in some jurisdictions

Published 29 Apr, 2019 12:00am

Researchers calculate decades of 'scary' Greenland ice melting

Measuring melting ice is a fairly precise business in 2019 - thanks to satellites, weather stations and sophisticated climate models. By the 1990s and 2000s, scientists were able to make pretty good estimates, although work from previous decades was unrel

Published 29 Apr, 2019 12:00am

Speak your mind: Brain implant translates thought to speech

People unable to communicate due to injury or brain damage may one day speak again, after scientists on Wednesday unveiled a revolutionary implant that decodes words directly from a person's thoughts. Several neurological conditions can ruin a patient's a

Published 29 Apr, 2019 12:00am

WHO recommends daily one-hour screen time for kids

Young children should not spend more than an hour a day watching television and videos or playing computer games and infants less than one year old should not be exposed to electronic screens at all, the World Health Organization (WHO) said on Wednesday.

Published 29 Apr, 2019 12:00am

Millions of children miss measles shots, creating outbreaks: UNICEF

More than 20 million children a year missed out on measles vaccines across the world in the past eight years, laying a path of exposure to a virus that is now causing disease outbreaks globally, a United Nations report said on Thursday. "The measles virus

Published 29 Apr, 2019 12:00am

Imad Wasim century sets up Pakistan win in tour opener

Imad Wasim hit an unbeaten century as Pakistan began their tour of England with a 100-run win over Kent on Saturday. The all-rounder 117 not out, his career-best List A score, featured 13 fours and four sixes. It was the cornerstone of Pakistan's commandi

Published 29 Apr, 2019 12:00am

Thiem wins Barcelona Open title

Dominic Thiem overpowered Daniil Medvedev 6-4, 6-0 on Sunday to win the Barcelona Open title, boosting his credentials as a potential Roland Garros champion. A day after knocking out 11-time Barcelona winner Rafael Nadal in the semi-finals, the third-seed

Published 29 Apr, 2019 12:00am

'Proud' Bottas wins as Mercedes sweep home one-two again

A determined Valtteri Bottas resisted an attacking final charge by his Mercedes team-mate Lewis Hamilton to win Sunday's Azerbaijan Grand Prix and regain the lead in the 2019 drivers title race. In a thrilling, closely-fought and dramatic race, the Finn c

Published 29 Apr, 2019 12:00am

Japan double golden delight at badminton Asia Championships

Japan's world number one Kento Momota roared back from a game down to defeat Shi Yuqi of China and retain his Badminton Asia Championships title on Sunday. On a red-letter day for Japan in the Chinese city of Wuhan, Akane Yamaguchi became the first Japane

Published 29 Apr, 2019 12:00am

Kipchoge runs second-fastest marathon for fourth London win

Kenya's Eliud Kipchoge stormed to a record-breaking fourth victory in the London Marathon on Sunday with the second-fastest time ever seen over the distance. Olympic champion Kipchoge's time of two hours two minutes and 37 seconds was second only to the 2

Published 29 Apr, 2019 12:00am

Bangladesh call Farhad, Taskin for pre-WC tri-series

Injury-hit Bangladesh on Sunday added all-rounder Farhad Reza and pace bowler Taskin Ahmed to their squad for a three-nation tournament in Ireland in May to prepare for the World Cup. Taskin in particular will be cover for key bowler Rubel Hossain, who ha

Published 29 Apr, 2019 12:00am

Messi fires Barca to eighth La Liga title in 11 years

Lionel Messi clinched an eighth La Liga title for Barcelona in 11 seasons on Saturday as he scored the only goal in a 1-0 win at home to Levante. The Argentine star struck his league-leading 34th goal of the campaign after coming off the bench for the sec

Published 29 Apr, 2019 12:00am

Aguero inches Man City closer to title

Sergio Aguero's 20th Premier League goal of the season left Manchester City just two wins from the title after a hard-fought 1-0 victory over Burnley at Turf Moor on Sunday. Aguero, who has now scored nine times in his past eight appearances against Burnl

Published 29 Apr, 2019 12:00am

Kvitova beats Kontaveit to win Stuttgart title

World number three Petra Kvitova won her second WTA title of 2019 as she beat Estonia's Anett Kontaveit 6-3, 7-6 (7/2) in the final of the tournament in Stuttgart on Sunday. The Czech star, a two-time Wimbledon champion and runner-up at the Australian Ope

Published 29 Apr, 2019 12:00am

Mbappe sent off as PSG lose French Cup final to Rennes

Kylian Mbappe was sent off for a shocking tackle as Paris Saint-Germain were stunned by Rennes in Saturday's French Cup final, losing 6-5 on penalties after a dramatic game finished 2-2 at the end of extra time. PSG substitute Christopher Nkunku blazed hi

Published 29 Apr, 2019 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 29 Apr, 2019 12:00am

Currency

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (April 22 to 26, 2019).

Published 29 Apr, 2019 12:00am

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

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

Published 29 Apr, 2019 12:00am

The Weather

The weather report on Sunday (April 28, 2019) and the forecast for Monday (April 29, 2019).

Published 29 Apr, 2019 12:00am

No peace if Taliban do not adapt: US envoy

There will be no enduring peace in Afghanistan unless the Taliban adapt to the changes that have swept the country since they were ousted in 2001, a US diplomat said Sunday. Special envoy Zalmay Khalilzad, who is leading US efforts to forge a peace deal w

Published 29 Apr, 2019 12:00am

No peace if Taliban do not adapt: US envoy

There will be no enduring peace in Afghanistan unless the Taliban adapt to the changes that have swept the country since they were ousted in 2001, a US diplomat said Sunday. Special envoy Zalmay Khalilzad, who is leading US efforts to forge a peace deal w

Published 29 Apr, 2019 12:00am

Currency

THE RUPEE: firmer trend

The rupee managed to hold present levels against the dollar during the week, ended on April 27, 2019. INTER-BANK MARKET RATES: The rupee did not show any variation in terms of the dollar for buying and selling at Rs 141.39 and Rs 141.40.

Published 29 Apr, 2019 12:00am

Currency

THE RUPEE: firmer trend

The rupee managed to hold present levels against the dollar during the week, ended on April 27, 2019. INTER-BANK MARKET RATES: The rupee did not show any variation in terms of the dollar for buying and selling at Rs 141.39 and Rs 141.40.

Published 29 Apr, 2019 12:00am

Import of additional 100,000 tons of urea: Fertilizer industry trying to block government's decision

The fertilizer industry is reportedly trying to block government's decision regarding import of additional 100,000 tons of urea, giving the impression that the decision is anti industry. Fertilizer Manufacturers of Pakistan Advisory Council (FMPAC) has co

Published 29 Apr, 2019 12:00am

Import of additional 100,000 tons of urea: Fertilizer industry trying to block government's decision

The fertilizer industry is reportedly trying to block government's decision regarding import of additional 100,000 tons of urea, giving the impression that the decision is anti industry. Fertilizer Manufacturers of Pakistan Advisory Council (FMPAC) has co

Published 29 Apr, 2019 12:00am

Import of additional 100,000 tons of urea: Fertilizer industry trying to block government''s decision

The fertilizer industry is reportedly trying to block government''s decision regarding import of additional 100,000 tons of urea, giving the impression that the decision is anti industry. Fertilizer Manufacturers of Pakistan Advisory Council (FMPAC) has c

Published 29 Apr, 2019 12:00am

FTA Phase-II signed with China

Pakistan and China on Sunday signed the second phase of the Free Trade Agreement (FTA) to further enhance bilateral trade between the two countries. Prime Minister Imran Khan and his Chinese counterpart Li Keqiang witnessed the signing ceremony held here

Published 29 Apr, 2019 12:00am

FTA Phase-II signed with China

Pakistan and China on Sunday signed the second phase of the Free Trade Agreement (FTA) to further enhance bilateral trade between the two countries. Prime Minister Imran Khan and his Chinese counterpart Li Keqiang witnessed the signing ceremony held here

Published 29 Apr, 2019 12:00am

FTA Phase-II signed with China

Pakistan and China on Sunday signed the second phase of the Free Trade Agreement (FTA) to further enhance bilateral trade between the two countries. Prime Minister Imran Khan and his Chinese counterpart Li Keqiang witnessed the signing ceremony held here

Published 29 Apr, 2019 12:00am

Special economic zones: Imran invites Chinese entrepreneurs to relocate industries

Prime Minister Imran Khan Sunday invited the Chinese entrepreneurs to take benefits of investment friendly policies of the present government and relocate their industries in the special economic zones (SEZs) being built under China-Pakistan Economic Corr

Published 29 Apr, 2019 12:00am

Special economic zones: Imran invites Chinese entrepreneurs to relocate industries

Prime Minister Imran Khan Sunday invited the Chinese entrepreneurs to take benefits of investment friendly policies of the present government and relocate their industries in the special economic zones (SEZs) being built under China-Pakistan Economic Corr

Published 29 Apr, 2019 12:00am

Special economic zones: Imran invites Chinese entrepreneurs to relocate industries

Prime Minister Imran Khan Sunday invited the Chinese entrepreneurs to take benefits of investment friendly policies of the present government and relocate their industries in the special economic zones (SEZs) being built under China-Pakistan Economic Corr

Published 29 Apr, 2019 12:00am

PM reaffirms unflinching commitment to CPEC

Prime Minister Imran Khan met with President Xi Jinping here on Sunday and reaffirmed Pakistan's unflinching commitment to China Pakistan Economic Corridor (CPEC) as well highlighted CPEC's next phase and it's extension into new areas of agriculture, indu

Published 29 Apr, 2019 12:00am

PM reaffirms unflinching commitment to CPEC

Prime Minister Imran Khan met with President Xi Jinping here on Sunday and reaffirmed Pakistan's unflinching commitment to China Pakistan Economic Corridor (CPEC) as well highlighted CPEC's next phase and it's extension into new areas of agriculture, indu

Published 29 Apr, 2019 12:00am

PM reaffirms unflinching commitment to CPEC

Prime Minister Imran Khan met with President Xi Jinping here on Sunday and reaffirmed Pakistan''s unflinching commitment to China Pakistan Economic Corridor (CPEC) as well highlighted CPEC''s next phase and it''s extension into new areas of agriculture, i

Published 29 Apr, 2019 12:00am

Mixed trend witnessed

Pakistan Stock Exchange witnessed mixed trend during the outgoing week ended on April 26, 2019. BRIndex100 lost 18.38 points on week-on-week basis to close at 3,913.43 points. Average daily volumes stood at 114.462 million shares. BRIndex30 gained 97.49 p

Published 29 Apr, 2019 12:00am

Mixed trend witnessed

Pakistan Stock Exchange witnessed mixed trend during the outgoing week ended on April 26, 2019. BRIndex100 lost 18.38 points on week-on-week basis to close at 3,913.43 points. Average daily volumes stood at 114.462 million shares. BRIndex30 gained 97.49 p

Published 29 Apr, 2019 12:00am

Mixed trend witnessed

Pakistan Stock Exchange witnessed mixed trend during the outgoing week ended on April 26, 2019. BRIndex100 lost 18.38 points on week-on-week basis to close at 3,913.43 points. Average daily volumes stood at 114.462 million shares. BRIndex30 gained 97.49 p

Published 29 Apr, 2019 12:00am

Futures spread up by 339 Basis points

The futures spread increased by 339bps to 6.48 percent on the last day of outgoing week. Trading activities on the futures counter improved as average daily volumes increased by 99.2 percent to 128.30 million shares. The average daily trading value increa

Published 29 Apr, 2019 12:00am

Futures spread up by 339 Basis points

The futures spread increased by 339bps to 6.48 percent on the last day of outgoing week. Trading activities on the futures counter improved as average daily volumes increased by 99.2 percent to 128.30 million shares. The average daily trading value increa

Published 29 Apr, 2019 12:00am

US synagogue shooting leaves 1 worshipper dead, 3 wounded

A gunman walked into a San Diego-area synagogue crowded with Sabbath worshippers on Saturday and opened fire with an assault-style rifle, killing one woman inside and wounding three others in a hate crime carried out on the last day of Passover, authoriti

Published 29 Apr, 2019 12:00am

US synagogue shooting leaves 1 worshipper dead, 3 wounded

A gunman walked into a San Diego-area synagogue crowded with Sabbath worshippers on Saturday and opened fire with an assault-style rifle, killing one woman inside and wounding three others in a hate crime carried out on the last day of Passover, authoriti

Published 29 Apr, 2019 12:00am

Khalilzad, Wells due today

US Special Representative for Afghan Reconciliation Zalmay Khalilzad and Principal Deputy Assistant Secretary of State, South and Central Asia, Alice G Wells will arrive here today (Monday). In a tweet, Foreign Office Spokesperson Dr Muhammad Faisal said

Published 29 Apr, 2019 12:00am

Khalilzad, Wells due today

US Special Representative for Afghan Reconciliation Zalmay Khalilzad and Principal Deputy Assistant Secretary of State, South and Central Asia, Alice G Wells will arrive here today (Monday). In a tweet, Foreign Office Spokesperson Dr Muhammad Faisal said

Published 29 Apr, 2019 12:00am

Cabinet to approve Biological & Toxin Weapons Convention Implementation Bill

The federal cabinet which is scheduled to meet on Tuesday (tomorrow) with Prime Minister Imran Khan in the chair will accord approval to Biological and Toxin Weapons Convention Implementation Bill, 2019, official sources told Business Recorder. The

Published 29 Apr, 2019 12:00am

Cabinet to approve Biological & Toxin Weapons Convention Implementation Bill

The federal cabinet which is scheduled to meet on Tuesday (tomorrow) with Prime Minister Imran Khan in the chair will accord approval to Biological and Toxin Weapons Convention Implementation Bill, 2019, official sources told Business Recorder. The

Published 29 Apr, 2019 12:00am

Ending sanctions waiver will anger US allies: Iran FM

The US decision to end sanctions waivers for purchases of Iranian oil later this week will backfire by angering Washington's allies, Tehran's Foreign Minister Mohammad Javad Zarif said Sunday. Zarif said US policy is designed to make life hard for the Ira

Published 29 Apr, 2019 12:00am

Ending sanctions waiver will anger US allies: Iran FM

The US decision to end sanctions waivers for purchases of Iranian oil later this week will backfire by angering Washington's allies, Tehran's Foreign Minister Mohammad Javad Zarif said Sunday. Zarif said US policy is designed to make life hard for the Ira

Published 29 Apr, 2019 12:00am

Currency

UAE to deposit $250 million in Sudan's central bank

The United Arab Emirates announced Sunday it would deposit $250 million in Sudan's central bank as part of a support package for the country following the overthrow of longtime leader Omar al-Bashir. The government-owned Abu Dhabi Fund for Development sig

Published 29 Apr, 2019 12:00am

Currency

UAE to deposit $250 million in Sudan's central bank

The United Arab Emirates announced Sunday it would deposit $250 million in Sudan's central bank as part of a support package for the country following the overthrow of longtime leader Omar al-Bashir. The government-owned Abu Dhabi Fund for Development sig

Published 29 Apr, 2019 12:00am

Currency

UAE to deposit $250 million in Sudan''s central bank

The United Arab Emirates announced Sunday it would deposit $250 million in Sudan''s central bank as part of a support package for the country following the overthrow of longtime leader Omar al-Bashir. The government-owned Abu Dhabi Fund for Development si

Published 29 Apr, 2019 12:00am

DG ISPR to address press conference today

Inter-Services Public Relations (ISPR) Director General Major General Asif Ghafoor will address a press conference on Monday (today) at 3pm. He will remark on the significant national issues and persistting situation in the country Maj Gen Asif Ghafoor wi

Published 29 Apr, 2019 12:00am

DG ISPR to address press conference today

Inter-Services Public Relations (ISPR) Director General Major General Asif Ghafoor will address a press conference on Monday (today) at 3pm. He will remark on the significant national issues and persistting situation in the country Maj Gen Asif Ghafoor wi

Published 29 Apr, 2019 12:00am

FBR's registration system: FTO unearths Irregularities

Federal Tax Ombudsman (FTO) has unearthed massive irregularities in the taxpayer registration system of Federal Board of Revenue (FBR). It observed a serious loophole in the 'IRIS' module being exploited by the unauthorised and unscrupulous persons for th

Published 29 Apr, 2019 12:00am

FBR's registration system: FTO unearths Irregularities

Federal Tax Ombudsman (FTO) has unearthed massive irregularities in the taxpayer registration system of Federal Board of Revenue (FBR). It observed a serious loophole in the 'IRIS' module being exploited by the unauthorised and unscrupulous persons for th

Published 29 Apr, 2019 12:00am

FBR''s registration system: FTO unearths Irregularities

Federal Tax Ombudsman (FTO) has unearthed massive irregularities in the taxpayer registration system of Federal Board of Revenue (FBR). It observed a serious loophole in the ''IRIS'' module being exploited by the unauthorised and unscrupulous persons for

Published 29 Apr, 2019 12:00am

Public listed companies: New code of corporate governance in the pipeline

The government would introduce a new code of corporate governance for public listed companies under which the removal of the chief financial officer, company secretary and head of internal audit of a public listed company shall be made with the approval o

Published 29 Apr, 2019 12:00am

Public listed companies: New code of corporate governance in the pipeline

The government would introduce a new code of corporate governance for public listed companies under which the removal of the chief financial officer, company secretary and head of internal audit of a public listed company shall be made with the approval o

Published 29 Apr, 2019 12:00am

Public listed companies: New code of corporate governance in the pipeline

The government would introduce a new code of corporate governance for public listed companies under which the removal of the chief financial officer, company secretary and head of internal audit of a public listed company shall be made with the approval o

Published 29 Apr, 2019 12:00am

Iran warns could shut Hormuz Strait if tensions grow

Iran's top general warned Sunday Tehran could close the strategic Strait of Hormuz shipping route if it faces more "hostility", news agency ISNA said, as the US tightens up sanctions. "We are not after closing the Strait of Hormuz but if the hostility of

Published 29 Apr, 2019 12:00am

Iran warns could shut Hormuz Strait if tensions grow

Iran's top general warned Sunday Tehran could close the strategic Strait of Hormuz shipping route if it faces more "hostility", news agency ISNA said, as the US tightens up sanctions. "We are not after closing the Strait of Hormuz but if the hostility of

Published 29 Apr, 2019 12:00am

Iran Guards drone spies on US warships in Gulf

An Iranian Revolutionary Guards' drone successfully carried out a surveillance flight over an American aircraft carrier in the Gulf, Tasnim news agency claimed in a Sunday report on its website. A video published by the agency, which could not be immediat

Published 29 Apr, 2019 12:00am

Iran Guards drone spies on US warships in Gulf

An Iranian Revolutionary Guards' drone successfully carried out a surveillance flight over an American aircraft carrier in the Gulf, Tasnim news agency claimed in a Sunday report on its website. A video published by the agency, which could not be immediat

Published 29 Apr, 2019 12:00am

Single value-added tax

Reports indicate that the Medium Term Economic Framework (METF) proposes a single value-added tax (VAT) for goods and services - 17 percent. While VAT for goods is a federal tax and hence collected by the Federal Board of Revenue (FBR), the VAT on service

Updated 29 Apr, 2019 06:45am

PM's advice to PTM

Addressing a rally in Orakzai Agency on April 19, 2019, Prime Minister (PM) Imran Khan argued that the issues facing the people of the tribal areas being highlighted by the Pashtun Tahafuz Movement (PTM) now are the same he had spoken about 15 years ago.

Updated 29 Apr, 2019 06:45am

Currency

The changing of the guard at MoF

The criteria used in selecting finance ministers have developed a distinctly partisan flavour in Pakistan. All three major national political parties that have formed a government at the centre during the past eleven years - Pakistan Tehreek-e-Insaaf (PTI

Published 29 Apr, 2019 12:00am

Re-viewing, re-countering terror

Terror originates in the east and affects the west. Terror is funded and nourished by the north to keep the south unstable. Terrorists are drawn to a deranged ideology. Terrorists are funded to spread a certain vested school of thought. Terror can be cont

Published 29 Apr, 2019 12:00am

Fly me to the moon: Germany eyes slice of lucrative space market

Facing tough competition from China, the United States and even tiny Luxembourg, Germany is racing to draft new laws and attract private investment to secure a slice of an emerging space market that could be worth $1 trillion a year by the 2040s.

Published 29 Apr, 2019 12:00am

There's a solution in sight

The induction of Dr Hafeez Shaikh in the federal cabinet speaks volumes about the dearth of the required talent in the PTI itself. How unfortunate it is that prime minister Imran Khan has failed to successfully persuade former finance minister Asad Umar t

Published 29 Apr, 2019 12:00am

Financial benefit to exploration firm: Petroleum Division likely to amend SRO

Petroleum Division is reportedly very active in extending financial benefit of over a billion rupees to a petroleum exploration company through amendment in Statutory Regulatory Order (SRO), after Federal Board of Revenue (FBR) declared the company inelig

Published 29 Apr, 2019 12:00am

Currency	Rate
USD PKR Interbank Selling / Jan 30	279.17
USD PKR Interbank Buying / Jan 30	278.97
USD to Japanese Yen / Jan 30	154.32
USD to Swiss Franc / Jan 30	0.91
Pound Sterling to USD / Jan 30	1.24
Euro to USD / Jan 30	1.04

Stock	Volume
S&P 500 / Jan 30	6,071.17
India Sensex / Jan 30	76,759.81
Tokyo Nikkei / Jan 30	39,513.97
Nasdaq / Jan 30	19,681.75
Hang Seng / Jan 30	20,225.11
FTSE 100 / Jan 30	8,646.88
Dow Jones / Jan 30	44,882.13
Germany DAX 30 / Jan 30	21,727.20

Item	Value
Crude Oil USD/Barrel / Jan 30	72.99
Karachi Cotton PKR/37.32 KG / Jan 30	18,285
Gold 10 Grams PKR / Jan 30	248,885
Gold Spot USD/Ounce / Jan 30	2,849.50
Cotton US¢/pound / Jan 30	66.27
Petrol/Litre / Jan 31	256.13

Stock	Price
Chenab Ltd / Jan 30 Chenab Limited(CHBL)	9.08 ▲ 1 (12.38%)
Kohinoor Ind. / Jan 30 Kohinoor Industries Limited(KOIL)	9.26 ▲ 1 (12.11%)
PICIC Ins.Ltd. / Jan 30 PICIC Insurance Limited(PIL)	2.52 ▲ 0.23 (10.04%)
Redco Textile / Jan 30 Redco Textiles Limited(REDCO)	21.97 ▲ 2 (10.02%)
Sana Ind / Jan 30 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
I.C.C. Ind. / Jan 30 ICC Industries Limited(ICCI)	14.29 ▲ 1.3 (10.01%)
Ashfaq Textile / Jan 30 Ashfaq Textile Mills Limited(ASHT)	17.48 ▲ 1.59 (10.01%)
Ahmad Hassan / Jan 30 Ahmad Hassan Textile Mills Limited(AHTM)	59.90 ▲ 5.45 (10.01%)
Atlas Honda Ltd / Jan 30 Atlas Honda Limited(ATLH)	873.29 ▲ 79.39 (10%)

Stock	Price
Tariq Corp.Pref. / Jan 30 Tariq Corporation Limited-Preference Shares(TCORPCPS)	6.91 ▼ -0.97 (-12.31%)
First Capital Equities / Jan 30 First Capital Equities Limited(FCEL)	5.21 ▼ -0.68 (-11.54%)
National Silk / Jan 30 The National Silk & Rayon Mills Limited(NSRM)	45.35 ▼ -5.04 (-10%)
Blue-Ex Ltd / Jan 30 Blue-Ex Limited (GEM)(GEMBLUEX)	55.40 ▼ -6.15 (-9.99%)
Kohat Textile / Jan 30 Kohat Textile Mills Limited(KOHTM)	32 ▼ -3.13 (-8.91%)
Hussain Industries / Jan 30 Husein Industries Limited(HUSI)	26.41 ▼ -2.45 (-8.49%)
Trust Sec.& Brok. / Jan 30 Trust Securities & Brokerage Limited(TSBL)	13.60 ▼ -1.14 (-7.73%)
JS Investments / Jan 30 JS Investments Limited(JSIL)	21.02 ▼ -1.74 (-7.64%)
Universal Ins. / Jan 30 The Universal Insurance Company Limited(UVIC)	9.13 ▼ -0.67 (-6.84%)

Stock	Volume
Sui South Gas / Jan 30 Sui Southern Gas Company Limited(SSGC)	48,078,930 ▲ 2.48
Waves Home Appliances / Jan 30 Waves Home Appliances Limited(WAVESAPP)	33,126,010 ▲ 1.16
Bank Makramah / Jan 30 Bank Makramah Limited(BML)	31,438,642 ▲ 0.23
Cnergyico PK / Jan 30 Cnergyico PK Limited(CNERGY)	31,197,761 ▲ 0.13
K-Electric Ltd. / Jan 30 K-Electric Limited(KEL)	29,670,310 ▲ 0.13
Citi Pharma Ltd / Jan 30 Citi Pharma Ltd.(CPHL)	25,413,292 ▲ 2.73
Dewan Motors / Jan 30 Dewan Farooque Motors Limited(DFML)	24,726,221 ▼ -1.63
WorldCall Telecom / Jan 30 Worldcall Telecom Limited(WTL)	20,794,723 ▲ 0.02
Fauji Cement / Jan 30 Fauji Cement Company Limited(FCCL)	13,308,955 ▲ 0.1

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