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

To avoid a 'flash crash', FX traders drop yen shorts and run bare

As Japan heads for an unprecedented market holiday, investors around the globe are fretting over the risk of a 'flash crash' or violent spasm in currencies that can occur when traders are away and turnover is super thin. Japanese markets will be shut from

Published 29 Apr, 2019 12:00am

Falling oil prices weigh on Gulf stocks

Stocks closed lower across the Gulf on Sunday with markets overshadowed by a fall in oil prices. Saudi stocks eked out some early gains then went into reverse, closing 0.1 percent lower. Al Rajhi Bank initially rose after posting an increase in profits la

Published 29 Apr, 2019 12:00am

UK watchdog urges EU to make financial market access flexible

The European Union's system of financial-market access needs adapting to avoid disputes between the EU and Britain over rules after Brexit, a top UK regulator said on Tuesday. Andrew Bailey, chief executive of the Financial Conduct Authority, said future

Published 29 Apr, 2019 12:00am

Mutual Funds

Investors take 'Spring Break' from risk assets, pulling cash from junk-bond funds

Investors took a break from their buying binge of risk assets in the week ended Wednesday, as US-based high-yield junk bond funds posted $520 million in cash withdrawals, according to Refinitiv's Lipper research service data on Thursday.

Published 29 Apr, 2019 12:00am

Mutual Funds

Investors take 'Spring Break' from risk assets, pulling cash from junk-bond funds

Investors took a break from their buying binge of risk assets in the week ended Wednesday, as US-based high-yield junk bond funds posted $520 million in cash withdrawals, according to Refinitiv's Lipper research service data on Thursday.

Published 29 Apr, 2019 12:00am

Currency

Strong dollar sends emerging currency index to three-month low

A sudden leap in the dollar fuelled by concerns over the health of the global economy battered emerging market currencies on Thursday, evoking memories of the sharp declines developing economies such as Turkey suffered in 2018.

Published 29 Apr, 2019 12:00am

Japan stocks to end 2019 up 11 percent

Japanese stocks will gain another 4 percent by end-December as stimulus measures in China, one of the country's most important markets, counter weak domestic demand, a Reuters poll found. The Nikkei share average has already gained around 7 percent so far

Published 29 Apr, 2019 12:00am

Wall Street week ahead: good news from China could boost materials shares

Even as the lift from optimism over prospects for US-China trade detente shows signs of wearing off for the wider US stock market, upbeat sentiment around China's economy could bolster shares of materials companies.

Published 29 Apr, 2019 12:00am

Benin voters boycott polls with only one choice

People in Benin on Sunday boycotted in large numbers parliamentary polls with no opposition candidate to choose from, as rights groups warned of a crackdown on basic freedoms. As national radio stations pleaded for voters to "fulfil their duty as citizens

Published 29 Apr, 2019 12:00am

Richard Lugar, US foreign-policy luminary, dies at 87

Senator Richard Lugar, a leading US voice on foreign policy for decades and a onetime presidential candidate known for his civility and bipartisan ways, has died at a medical center in Falls Church, Virginia. He was 87. Lugar died of chronic inflammatory

Published 29 Apr, 2019 12:00am

Tears and troops on the streets as Sri Lanka mourns suicide bomb dead

Sri Lanka's churches remained shut Sunday forcing Christians to say prayers of grief in private over the Easter suicide attacks that the country's Roman Catholic leader called "an insult to humanity". Fearing a repeat of the Easter Sunday bombings of chur

Published 29 Apr, 2019 12:00am

New York Times apologizes for anti-Semitic cartoon

The New York Times on Saturday apologized for publishing an anti-Semitic cartoon in its international print edition featuring Israeli Prime Minister Benjamin Netanyahu and US President Donald Trump. The cartoon, which appeared in Thursday's newspaper, dep

Published 29 Apr, 2019 12:00am

Spain votes in early election marked by far-right resurgence

Spain voted Sunday in an uncertain snap general election marked by a resurgence of the far-right after more than four decades on the outer margins of politics. Opinion polls give outgoing socialist premier Pedro Sanchez a win but without the necessary maj

Published 29 Apr, 2019 12:00am

At least 17 dead, thousands displaced in severe Indonesia floods

At least 17 people are dead and nine missing after days of heavy rain-triggered floods and landslides on the Indonesian island of Sumatra, authorities said Sunday. Some 12,000 people have been evacuated while hundreds of buildings, bridges and roads have

Published 29 Apr, 2019 12:00am

FAA considered grounding some Boeing 737 Max planes last year

US regulators considered grounding some Boeing 737 MAX planes last year after learning belatedly of a problem with a system that is now the main suspect in two deadly crashes, a source close to the matter said. Investigators in the Lion Air crash in Octob

Published 29 Apr, 2019 12:00am

Four dead in Seattle crane collapse

Four people were killed and four others were injured when a crane collapsed Saturday afternoon in the northwestern US city of Seattle, the fire department said. In a statement, the fire department said the crane "fell from the roof of a building" and hit

Published 29 Apr, 2019 12:00am

Bangladesh jails three Rohingya extremists for 10 years

A Bangladesh court Sunday sentenced three Rohingya extremists of a now defunct militant group to 10 years in jail for possessing bomb-making materials, a prosecutor said. The trio were arrested in 2014 in Dhaka with materials to be used for making improvi

Published 29 Apr, 2019 12:00am

Mozambique braces for violent floods after Cyclone Kenneth

Tens of thousands of people in the far north of Mozambique are bracing for violent flooding as torrential rain pushes up water levels, after the death and devastation wrought by Cyclone Kenneth. The first floods have already been seen in some parts of Pem

Published 29 Apr, 2019 12:00am

Four dead, 20 wounded in Tripoli air raids

Air raids by the self-styled Libyan National Army against the capital on Saturday night killed four people and wounded 20 others, Libya's internationally recognised unity government said. But Amin al-Hachemi, a spokesman for the Government of National Acc

Published 29 Apr, 2019 12:00am

Ukraine's president-elect offers passports to Russians

President-elect Volodymyr Zelensky dismissed an offer by Vladimir Putin to provide passports to Ukrainians, and pledged instead to grant citizenship to Russians who "suffer" under the Kremlin's rule. The Russian president on Saturday said Moscow was consi

Published 29 Apr, 2019 12:00am

Two alleged criminals killed in encounter

Two criminals were killed in firing of cohorts while two others managed to escape after exchange of fire with police here on Sunday. The police chased the fleeing criminals and an encounter took place at Head Marala Road in Sialkot. Two criminals were kil

Published 29 Apr, 2019 12:00am

Directives to tackle heatwave in Karachi issued

The Sindh health authorities have ordered effective implementation of 24/7 emergency in hospitals and other health facilities and issued precautions in the wake of the possible heat wave in the metropolis. On the directives of Sindh Minister for Health an

Published 29 Apr, 2019 12:00am

Murad apprises Sanjrani: work on Indus highway's dual carriageway moving at snail's pace

Sindh Chief Minister Syed Murad Ali Shah has said that work on dualisation of Indus Highway is going on at snail's pace in spite of payment of 50 percent estimated cost of the project to the federal government by the provincial government as its share.

Published 29 Apr, 2019 12:00am

'Trade needs coordination at highest government levels' an interview with Dr Manzoor Ahmed, Chairman Tariff Advisory Committee

Recently appointed as the chair of Tariff Advisory Committee formed by the Ministry of Commerce, Dr Manzoor Ahmad is no stranger to taxation and international trade. He is currently working as the CEO of World Trade Advisors and the Chairman, Pakistan LNG

Published 29 Apr, 2019 12:00am

'Trade needs coordination at highest government levels' an interview with Dr Manzoor Ahmed, Chairman Tariff Advisory Committee

Recently appointed as the chair of Tariff Advisory Committee formed by the Ministry of Commerce, Dr Manzoor Ahmad is no stranger to taxation and international trade. He is currently working as the CEO of World Trade Advisors and the Chairman, Pakistan LNG

Published 29 Apr, 2019 12:00am

PTI government facing BoP crisis: LSE rector

Rector Lahore School of Economics (LSE) Dr Shahid Amjad Chaudhry said that Pakistan Tehreek-e-Insaaf led collation government is facing the challenge of balance of payment crisis. He expressed these views while addressing the opening session of the two da

Published 29 Apr, 2019 12:00am

PTI government facing BoP crisis: LSE rector

Rector Lahore School of Economics (LSE) Dr Shahid Amjad Chaudhry said that Pakistan Tehreek-e-Insaaf led collation government is facing the challenge of balance of payment crisis. He expressed these views while addressing the opening session of the two da

Published 29 Apr, 2019 12:00am

Pak-China agree to promote investment in priority sectors

Chairman Board of Investment (BoI) Haroon Sharif met Liu Dianxun, Director General of Investment Promotion Agency (CIPA) of Ministry of Commerce of the People's Republic of China on Friday at Beijing. Sharif discussed revival of a Memorandum of Understand

Published 29 Apr, 2019 12:00am

PM's visit will cement Pakistan-China ties: Firdous

Special Assistant to Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan on Sunday evening said that recent visit of Prime Minister to China will further strengthen relations between Pakistan and China. Addressing a public meeting she sai

Published 29 Apr, 2019 12:00am

Efforts under way to make Pakistan Islamic welfare state: minister

Federal Minister for Religious Affairs Dr Noor-ul-Haq Qadri has said priority of the incumbent government is to make Pakistan an Islamic welfare state. Addressing the 8th meeting of National Islamic Scholars Council in Peshawar on Sunday, he said it is th

Published 29 Apr, 2019 12:00am

CNS visits Hudong Zhonghua, Shuang Liu Construction yards

Chief of the Naval Staff, Admiral Zafar Mahmood Abbasi is on an official visit to China. The Naval Chief visited Hudong Zhonghua Shipyard at Shanghai, Shuang Liu Construction Base at Wuhan and met heads of shipbuilding industry in China.

Published 29 Apr, 2019 12:00am

Government urged to facilitate South Korean investors

Qaiser Ahmed Sheikh, Member National Assembly, has said that the government should facilitate investment from South Korea which is one of the top economies of the world. He was speaking at a reception hosted by him in honour of Korea's parliamentary deleg

Published 29 Apr, 2019 12:00am

Anti-polio vaccination: drive to counter propaganda launched in Mardan

The Mardan district administration has launched awareness campaign in the district to counter propaganda against anti-polio vaccination. The district Deputy Commissioner Abid Wazir while talking to the media that the propaganda on social media in Peshawar

Published 29 Apr, 2019 12:00am

Government accused of not taking stakeholders on board about PLGA

Stakeholders at a consultative session have strongly criticised the ruling Pakistan Tehreek-e-Insaf (PTI) government for not taking a single stakeholder on board before presenting the 'Punjab Local Government Act 2019' in the Punjab Assembly. Recently, th

Published 29 Apr, 2019 12:00am

Cotton

Prices of cotton witness upward trend

The prices of cotton witnessed increasing trend in the cotton market. The ginners had the stock of only 500,000 bales. In the international cotton market mixed trend was seen in the prices of cotton. The increase in the cultivation land of cotton is neces

Published 29 Apr, 2019 12:00am

No room for presidential system in Constitution: JI

The central Shoora of Jamaat-e-Islami has said the sizable changes in the federal cabinet were an acknowledgement of government's failure and defeat. A resolution adopted by the Shoora meeting under the chairmanship of the JI chief Sirajul Haq, said unfor

Published 29 Apr, 2019 12:00am

KP government decides to have its own T&D company

Khyber Pakhtunkhwa government has decided the establishment of its own transmission and distribution company like Discos of Wapda for supply of electricity generated in the province. For the purpose, the provincial government has planned to approach Nepra

Published 29 Apr, 2019 12:00am

Traders voice concern over imposition of VR on imports from Afghanistan

The local trading community expressed concern over the imposition of Valuation Ruling (VR) on imports from Afghanistan to prevent negative impacts on the national exports.

Published 29 Apr, 2019 12:00am

Orange train's pace of work reviewed

Chief Secretary Punjab Yousaf Naseem Khokhar here on Sunday reviewed pace of work on the Lahore Orange Line train and took important decisions to ensure early completion of the project.

Published 29 Apr, 2019 12:00am

Ex-tribal areas with KP: 10-year uplift plan to usher in new era of prosperity: Wazir

Adviser to Chief Minister Khyber Pakhtunkhwa and spokesperson for provincial government Ajmal Wazir has said that merger of ex-tribal areas with Khyber Pakhtunkhwa is being carried out on fast tracks and so far going very smoothly adding that both the fed

Published 29 Apr, 2019 12:00am

Karachi's population shown less to deprive it of NFC share: Wasim

Mayor Karachi Wasim Akhtar on Sunday said that everyone living in Karachi irrespective of politics and community should get together for the resolution of issues being faced by the metropolis. Rejecting last census results, he said the population of Karac

Published 29 Apr, 2019 12:00am

Pakistan Navy, DUHS join hands in beach cleaning, tree plantation drive

In line with the government of Pakistan's vision of 'Clean and Green Pakistan', Pakistan Navy in collaboration with Dow University of Health Sciences (DUHS) conducted 'Tree plantation and beach cleaning activity' at Manora Island. Commodore Vaqar Muhammad

Published 29 Apr, 2019 12:00am

Sindh IGP directs security, traffic plans for Ramazan

Sindh Inspector General of Police (IGP) Dr Syed Kaleem Imam has directed the preparation of security and traffic plans for the holy month of Ramazan.

Published 29 Apr, 2019 12:00am

Bukhari vows to fulfil 100,000 Qatar job quota by year end

Special Assistant to Prime Minister on Overseas Pakistanis and Human Resource Development, Sayed Zulfikar Abbas Bukhari has vowed to fulfil the 100,000 manpower quota, recently announced by Qatar, till the end of 2019 in a bid to alleviate unemployment at

Published 29 Apr, 2019 12:00am

Prices of essential food items skyrocket ahead of Ramazan

Prices of essential commodities, including vegetable, pulses, sugar, dates, beverages, except chicken meat, eggs, have increased manifold in provincial capital ahead the holy month of Ramazan, said in a survey carried out by Business Recorder here

Published 29 Apr, 2019 12:00am

War against terrorism: World needs to acknowledge Pakistan's sacrifices: Afridi

Minister of State for States and Frontier Regions (SAFRON) Shehryar Khan Afridi Sunday said Pakistan had been on the forefront to protect the world from the scourge of terrorism and our sacrifices were needed to be acknowledged.

Published 29 Apr, 2019 12:00am

DTI sends talented trainees to ADGAS in UAE

Talented Welder Mates from Descon Technical Institute (DTI) were part of the mobilization to UAE for the Abu Dhabi Gas Liquefaction Co Limited (ADGAS) Shutdown. Most of these trainees completed their training in welding under the programs of PSDF and NAVT

Published 29 Apr, 2019 12:00am

WSSP BoD approves conflict of interest and anti-corruption polices

The Board of Directors (BoD) Water and Sanitation Services Peshawar (WSSP), has approved conflict of interest and anti-corruption policies as well as audit report for the fiscal year 2016-17.

Published 29 Apr, 2019 12:00am

Vaccines prevent six million deaths worldwide annually: PPA chief

"Vaccines are the most affordable solution when it comes to prevent certain health hazards like polio, measles, whooping cough, diarrhea and pneumonia," said paediatricians in a statement issued on World Immunization Week.

Published 29 Apr, 2019 12:00am

One killed, 24 hurt as bus overturns in Lasbela

At least one person died and 24 others including women and children were injured when a bus carrying devotees over turned here on Sunday. Police said that a bus devotees returning from Shah Noorani mausoleum turned turtle after driver lost control of vehi

Published 29 Apr, 2019 12:00am

Government will complete its constitutional term: Sarwar

Governor Punjab Ch. Mohammad Sarwar has said that people have given us mandate for five years. Government will complete constitutional term. PTI is strictly standing on our stance against corruption and Prime Minister will not tolerate corrupt elements. H

Published 29 Apr, 2019 12:00am

Opposition urged to support LG bill in Punjab PA

Punjab Minister for Law, Parliamentary Affairs and Local Government (LG) Raja Basharat has said the opposition should support the government for passing Local Government Bill 2019 in order to empower the people at grass root level. Speaking exclusively on

Published 29 Apr, 2019 12:00am

Over 35 Ramazan bazaars to be set up in Faisalabad

As many as 36 Ramazan bazaars would be set up in the four districts of Faisalabad Division in order to provide quality essential items to the consumers on specially controlled and subsidized prices during the holy month of Ramazan. This was disclosed in a

Published 29 Apr, 2019 12:00am

PSCA to introduce separate lanes for slow moving vehicles

The Punjab Safe Cities Authority (PSCA) has decided to introduce separate lanes for motorcycles, buses and slow moving vehicles in the city. A PSCA spokesman said on Sunday that initially the project has been launched on Mall Road, Faisal Chowk.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Currency	Rate
USD PKR Interbank Selling / Dec 24	278.53
USD PKR Interbank Buying / Dec 24	278.33
USD to Japanese Yen / Dec 24	157.14
USD to Swiss Franc / Dec 24	0.90
Pound Sterling to USD / Dec 24	1.25
Euro to USD / Dec 24	1.04

Stock	Volume
Germany DAX 30 / Dec 23	19,848.77
S&P 500 / Dec 24	6,040.04
India Sensex / Dec 24	78,472.87
Tokyo Nikkei / Dec 24	38,986.40
Nasdaq / Dec 24	20,031.13
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,136.99
Dow Jones / Dec 24	43,297.03

Item	Value
Crude Oil USD/Barrel / Dec 24	70.10
Karachi Cotton PKR/37.32 KG / Dec 24	17,785
Gold 10 Grams PKR / Dec 24	240,487.70
Gold Spot USD/Ounce / Dec 24	2,616.87
Cotton US¢/pound / Dec 24	68.78
Petrol/Litre / Dec 25	252.10

Stock	Price
Sec. Inv. Bank / Dec 24 Security Investment Bank Limited(SIBL)	5.99 ▲ 1.00 (20.04%)
Next Capital / Dec 24 Next Capital Limited(NEXT)	8.90 ▲ 1.00 (12.66%)
Pak Agro Pack. (GEM) / Dec 24 Pak Agro Packaging Limited (GEM)(GEMPAPL)	9 ▲ 1.00 (12.50%)
Ghani Chem. Ind. / Dec 24 Ghani Chemical Industries Limited(GCIL)	16.13 ▲ 1.47 (10.03%)
Pak Gulf Leasing / Dec 24 Pak-Gulf Leasing Company Limited(PGLC)	14.37 ▲ 1.31 (10.03%)
Popular Islamic / Dec 24 Popular Islamic Modaraba(PIM)	15.58 ▲ 1.42 (10.03%)
Mandviwala / Dec 24 Mandviwala Mauser Plastic Industries(MWMP)	16.59 ▲ 1.51 (10.01%)
Blessed Tex. / Dec 24 Blessed Textiles Limited(BTL)	301.77 ▲ 27.43 (10.00%)
Crescent Cotton / Dec 24 Crescent Cotton Mills Limited(CCM)	55 ▲ 5.00 (10.00%)

Stock	Price
S.G.Power / Dec 24 S.G. Power Limited(SGPL)	10.58 ▼ -1.18 (-10.03%)
Olympia Mills / Dec 24 Olympia Mills Limited(OML)	36 ▼ -4.00 (-10.00%)
J.A.Textile / Dec 24 J.A. Textile Mills Limited(JATM)	33.95 ▼ -3.77 (-9.99%)
Sanghar Sugar / Dec 24 Sanghar Sugar Mills Limited(SANSM)	26.16 ▼ -2.90 (-9.98%)
I.C.C. Ind. / Dec 24 ICC Industries Limited(ICCI)	9.85 ▼ -1.07 (-9.80%)
National Silk / Dec 24 The National Silk & Rayon Mills Limited(NSRM)	50.01 ▼ -5.43 (-9.79%)
Gulshan Sp. / Dec 24 Gulshan Spinning Mills Limited(GSPM)	4.10 ▼ -0.40 (-8.89%)
Crescent Fib. / Dec 24 Crescent Fibres Limited(CFL)	40.16 ▼ -3.81 (-8.66%)
Reliance Ins. / Dec 24 Reliance Insurance Company Limited(RICL)	11.55 ▼ -1.05 (-8.33%)

Stock	Volume
WorldCall Telecom / Dec 24 Worldcall Telecom Limited(WTL)	126,573,463 ▲ 0.05
Fauji Foods Ltd / Dec 24 Fauji Foods Limited(FFL)	66,984,381 ▲ 0.49
Cnergyico PK / Dec 24 Cnergyico PK Limited(CNERGY)	66,471,663 ▼ -0.27
Pak Elektron / Dec 24 Pak Elektron Limited(PAEL)	38,651,653 ▼ -1.53
K-Electric Ltd. / Dec 24 K-Electric Limited(KEL)	36,108,956 ▼ -0.18
Sui South Gas / Dec 24 Sui Southern Gas Company Limited(SSGC)	33,467,532 ▼ -0.50
P.T.C.L. / Dec 24 Pakistan Telecommunication Company Ltd(PTC)	33,030,118 ▼ -1.31
TRG Pak Ltd / Dec 24 TRG Pakistan Limited(TRG)	29,441,264 ▲ 3.35
Pace (Pak) Ltd. / Dec 24 Pace (Pakistan) Limited(PACE)	28,106,970 ▼ -0.18

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