News Archives for Print - 2019-05-02

Shadab fights hepatitis ahead of World Cup

Pakistan's fast-rising all-rounder Shadab Khan was Wednesday battling to be fit for the World Cup after contracting hepatitis, reportedly from a dentists's non-sterilised instruments. The 20-year-old was last month ruled out of Pakistan's ongoing tour of

Published 02 May, 2019 12:00am

Gimelstob resigns from ATP board after assault case

Justin Gimelstob resigned from his position on the ATP's board of directors after the American was sentenced following assault charges, he announced on Wednesday. Gimelstob, a former professional player, pleaded no contest to felony battery charges and wa

Published 02 May, 2019 12:00am

SBP-HEC to feature in Patron's Trophy Grade-II final

State Bank of Pakistan (SBP) and Higher Education Commission (HEC) will feature in the four-day final of the Patron's Trophy Grade-II tournament which will get underway at the Pindi Stadium, Rawalpindi from Thursday (May 2).

Published 02 May, 2019 12:00am

USA Gymnastics sports medicine exec sacked after one day

USA Gymnastics, fighting for survival in the wake of the Larry Nassar sex abuse scandal, endured another self-inflicted setback Tuesday with the firing of new director of sports medicine Edward Nyman. A day after announcing Nyman had been hired for the ne

Published 02 May, 2019 12:00am

Farah spurns world marathon spot, track return speculation mounts

Britain's Mo Farah has turned down the chance to contest the marathon at this year's world championships in Doha, increasing the possibility of a return to the track. Farah, who finished fifth in Sunday's London Marathon, had been eligible for selection f

Published 02 May, 2019 12:00am

Former, sitting cricketers raise voice over proposed plan of domestic cricket structure

While the Pakistan Cricket Board (PCB) is inclined to revamp the domestic structure before the upcoming domestic season, the former and sitting cricketers have expressed reservations over the proposed plan of the PCB, to disband the departmental cricket.

Published 02 May, 2019 12:00am

Casillas stable after heart attack

Veteran goalkeeper Iker Casillas was stable in hospital after suffering a heart attack in training, his club Porto said on Wednesday. The 37-year-old, who has 167 Spain caps and played more than 500 games for Real Madrid, suffered what the Portuguese club

Published 02 May, 2019 12:00am

Alonso joins seven past winners among Indy 500 entrants

Two-time Formula One champion Fernando Alonso of Spain and seven past winners are among drivers for 36 cars announced Wednesday as entrants for the 103rd Indianapolis 500. The May 26 IndyCar oval classic around the famed 2.5-mile (4km) Indianapolis Motor

Published 02 May, 2019 12:00am

Semenya loses landmark challenge against IAAF testosterone rules

South African runner Caster Semenya on Wednesday lost her court challenge against IAAF rules forcing some female athletes to regulate their testosterone levels, but judges voiced concern with the "discriminatory" regulations. The decision by the Court of

Published 02 May, 2019 12:00am

Exports sag, UK factories report lower Brexit stockpile boost

British factories lost some of the boost from pre-Brexit stockpiling last month while households slowed their borrowing ahead of the original deadline for the country's departure from the European Union, data showed on Wednesday.

Published 02 May, 2019 12:00am

Reforms, fiscal consolidation key to ease concerns over Oman's debt: WB

Oman needs fiscal consolidation and better public expenditure alongside implementing reforms to mitigate its growing debt, the regional head of the World Bank said on Wednesday.

Published 02 May, 2019 12:00am

Eric Schmidt leaves Google board, ending an era

Google-parent Alphabet said Tuesday that Eric Schmidt, who was chief of the internet giant for a decade, will leave the board in June.

Published 02 May, 2019 12:00am

Apple tops forecasts as pivot to services shows progress

Apple delivered stronger-than-expected results Tuesday for the past quarter as gains in services helped offset slumping iPhone sales, sparking a rally in shares of the technology giant. California-based Apple reported a 16 percent drop in profits in the j

Published 02 May, 2019 12:00am

US factory activity at 2-1/2-year low, points to slowing economy

US manufacturing activity slowed to a 2-1/2-year low in April amid a sharp drop in new orders while construction spending unexpectedly fell in March, suggesting economic growth was moderating after surging in the first quarter.

Published 02 May, 2019 12:00am

Glaxo profit soars 50 percent

British drugmaker GlaxoSmithKline announced Wednesday that net profit soared 51 percent in the first quarter, boosted by increasing demand for its shingles vaccine Shingrix. Profit after tax leapt to £830 million ($1.1 billion, 963 million euros) in the t

Published 02 May, 2019 12:00am

Glaxo profit soars 50 percent

British drugmaker GlaxoSmithKline announced Wednesday that net profit soared 51 percent in the first quarter, boosted by increasing demand for its shingles vaccine Shingrix. Profit after tax leapt to £830 million ($1.1 billion, 963 million euros) in the t

Published 02 May, 2019 12:00am

Currency

Cryptocurrency thefts, fraud hit $1.2 billion in Q1

Losses from the theft of cryptocurrencies from exchanges and fraud-related activities surged in the first quarter of the year to $1.2 billion, or 70 percent of the level for all of 2018, cybersecurity firm CipherTrace said on Tuesday.

Published 02 May, 2019 12:00am

Britain cancels ill-fated Brexit ferries

Britain said Wednesday it has cancelled ferry contracts intended to ensure the supply of critical products if it leaves the EU with no Brexit deal, at a cost of £50 million. The price tag drew sharp criticism for a process already mired in farce, after on

Published 02 May, 2019 12:00am

US, Chinese negotiators hold 'productive' trade talks

Top US and Chinese trade negotiators held productive talks in Beijing on Wednesday, the American side said, as the economic superpowers head towards an endgame in a dispute that has hit businesses with bruising tariffs.

Published 02 May, 2019 12:00am

Australian shares up; New Zealand lower

Australian shares ended just shy of an 11-year peak on Wednesday, after a surprise earnings beat from Australia and New Zealand Banking Group pushed up risk appetite and prompted sector-wide buying.

Published 02 May, 2019 12:00am

Currency

Sterling rises on PM's Brexit comments

The pound hit a two-week high on Wednesday as investors sensed in comments by Prime Minister Theresa May signs of progress in Brexit talks between the British government and the main opposition party. Sterling neared $1.31 after May said her plan to negot

Published 02 May, 2019 12:00am

Currency

Euro builds on recovery in European trade

The euro made further gains on Wednesday as dollar bulls paused before the end of the Federal Reserve's two-day policy meeting. Trading was thin with holidays in much of Asia and Europe and most currency pairs traded within tight ranges, although the New

Published 02 May, 2019 12:00am

Currency

Early trade in New York: Dollar slips broadly

The dollar fell against a basket of other currencies on Wednesday as a disappointing report on manufacturing activity rekindled worries about the US economy, which is track for its longest expansion on record this summer.

Published 02 May, 2019 12:00am

Currency

Euro climbs against dollar in New York

The euro climbed to a one-week high against the dollar on Tuesday after first-quarter economic growth figures in the euro zone beat market expectations, dispelling some pessimism over the economic bloc's common currency.

Published 02 May, 2019 12:00am

Kiwi suffers job setback, Aussie stays calm

The New Zealand dollar took a spill on Wednesday after disappointing jobs data only added to expectations that interest rates would have to be cut, perhaps as soon as this month. The kiwi dollar was down 0.37 percent at $0.6648, having been as low as $0.6

Published 02 May, 2019 12:00am

Treasury prices gain

US Treasury prices gained on Tuesday after weak regional manufacturing data raised some concerns about the economy and as month-end repositioning boosted demand for the debt. A Chicago manufacturing index was the lowest in more than two years and came in

Published 02 May, 2019 12:00am

Treasury prices gain

US Treasury prices gained on Tuesday after weak regional manufacturing data raised some concerns about the economy and as month-end repositioning boosted demand for the debt. A Chicago manufacturing index was the lowest in more than two years and came in

Published 02 May, 2019 12:00am

Most markets closed

Stocks, financial and commodity markets in most of Asia including China, India and Hong Kong and Europe and markets in Latin America were closed on Wednesday due to Labour Day holiday. Markets will resume normal trading on Thursday (May 2)<a class

Published 02 May, 2019 12:00am

Cement makers stir Saudi stock rally, Dubai slips

Saudi Arabia's stock market gained on Wednesday, lifted for a second session by a results-driven rally in cement producers, while Dubai's slipped after Emaar Properties traded ex-dividend and its shares hit a one-month low. Saudi Arabia's index rose 0.6 p

Published 02 May, 2019 12:00am

Oil firms, exporters drag FTSE

London's FTSE 100 dipped to a one-month low on Wednesday as oil majors dived after US inventories bulked up and a rise in pound knocked exporters, but gains in Sainsbury's and LSE following upbeat results helped cushion the fall.

Published 02 May, 2019 12:00am

Wednesday's early afternoon trade: Wall Street pauses ahead of Fed decision

Wall Street's main indexes took a pause from an Apple-led rally on Wednesday, with the S&P 500 holding close to its record high, ahead of the Federal Reserve's latest policy announcement.

Published 02 May, 2019 12:00am

S&P posts best 4-month run in nearly 9 years; Apple jumps

The S&P 500 eked out another record high close on Tuesday and capped its best four-month stretch in nearly nine years after a recent rally that helped to restore investors' belief in the decade-long bull run. Apple shares jumped about 5 percent following

Published 02 May, 2019 12:00am

NATO drops another Afghanistan war metric: US watchdog

The US-led NATO mission in Afghanistan has stopped releasing key data on how much of the country falls under insurgent or government control, a US watchdog said Wednesday, the latest war metric to fall from public view. NATO's Resolute Support mission pre

Published 02 May, 2019 12:00am

Three tonnes of rubbish collected from Everest

A dedicated clean-up team sent to Mount Everest has collected three tonnes of garbage in its first two weeks, officials said Wednesday, in an ambitious plan to clean the world's highest rubbish dump. Decades of commercial mountaineering have left the pris

Published 02 May, 2019 12:00am

Currency

Iran wants 'good' relations with Saudi Arabia, UAE

Iran said Wednesday it hopes to have good relations with arch-rival Saudi Arabia and its allies, and called for an end to their bitter dispute with Gulf neighbour Qatar. Riyadh broke off relations with Tehran in 2016 after protesters angry at its executio

Published 02 May, 2019 12:00am

Sri Lanka names Easter suicide bombers

Sri Lanka's police Wednesday named nine people who staged Easter Sunday suicide bombings that killed 253 people, and said the attackers' assets will be confiscated in line with anti-terror laws. Police spokesman Ruwan Gunasekera confirmed that two of the

Published 02 May, 2019 12:00am

16 Indian commandos killed

A suspected bomb attack by Maoist rebels killed 16 Indian elite commandos on Wednesday, police said, the latest incident of election-time violence in a decades-long insurgency. "Maoists attacked a team of commandos travelling in a private vehicle to inspe

Published 02 May, 2019 12:00am

Brazil's 'godmother of samba' Beth Carvalho dies

Brazilian singer and "godmother of samba" Beth Carvalho died from sepsis in Rio de Janeiro on Tuesday, her publicist and hospital said. She was 72. "Our dear Beth Carvalho departed at 5:33 pm (2233 GMT) today surrounded by the love of her family and frien

Published 02 May, 2019 12:00am

Inter-Korean border village re-opens for public tours

South Korean soldiers held their normal stern and unmoving positions Wednesday outside the blue huts of Panmunjom village, the only place along the border where troops from the two Koreas stand nearly face-to-face, but with one notable omission: their wea

Published 02 May, 2019 12:00am

Putin fast-tracks Russian citizenship for more Ukrainians

Russian President Vladimir Putin has signed a decree fast-tracking Russian citizenship for more Ukrainians, a controversial new move expected to deepen the crisis between the two countries. The latest move comes during a hugely sensitive transitional peri

Published 02 May, 2019 12:00am

Clashes break out at Venezuela May Day protest

Clashes broke out between opposition supporters and Venezuela's armed forces in the capital Caracas on Wednesday as May Day protests got underway with opposition leader Juan Guaido attempting to rally demonstrators against President Nicolas Maduro. Nation

Published 02 May, 2019 12:00am

Two dead in US university campus shooting

Two people were killed and four were wounded in a shooting Tuesday at the University of North Carolina's Charlotte campus. The university's office of emergency management tweeted an alert warning that shots had been reported on campus shortly before 6:00

Published 02 May, 2019 12:00am

Clashes in Paris as tens of thousands mark May Day

Paris riot police fired teargas as they squared off against hardline demonstrators among tens of thousands of May Day protesters, who flooded parts of the city Wednesday in a test for France's zero-tolerance policy on street violence. Tensions were palpab

Published 02 May, 2019 12:00am

Saudi companies keen to import apparels and hand-made carpets

The Saudi businessmen have shown their keen interest to import traditional and world class handmade carpets, apparel and chemical products from Pakistan. A Saudi companies' delegation led by Saud Abdullah met with the Friends of Economic and Business Refo

Published 02 May, 2019 12:00am

US provides list of Pakistanis for repatriation

United States has provided a list of Pakistani citizens to Foreign Office for their repatriation to the country after verification who are illegally residing in America. Diplomatic sources said that the US Embassy in Islamabad has approached Prime Ministe

Published 02 May, 2019 12:00am

Vehicles' owners: Excise department resumes issuance of smart cards

The Excise Department has resumed issuance of smart cards to the owners of vehicles registered with the department. The decision was taken in line with the approval of cabinet committee and new standard operating procedures (SOPs) have been devised to dea

Published 02 May, 2019 12:00am

KPC's life membership for Barrister Sibghatullah

Karachi Press Club (KPC) awarded the life membership to Barrister Sibghatullah Kadri (Queen Council) for his services for the freedom of press, freedom of expression, human rights and civil liberties. The London-based Barrister Kadri also known in oversea

Published 02 May, 2019 12:00am

SBP extends date for IFRS implementation on leases

The State Bank of Pakistan (SBP) has granted six months extension for implementation of International Financial Reporting Standard on Leases. According to SBP, implementation of International Financial Reporting Standard on Leases (IFRS16) on the banking

Published 02 May, 2019 12:00am

US firm offers healthcare facilities in Punjab

A renowned American firm has offered different healthcare facilities throughout the province. A representative of the firm announced this in a function chaired by provincial Health Minister Dr Yasmeen Rashid on Wednesday. Dr Yasmeen addressing the functio

Published 02 May, 2019 12:00am

US CG attends first-ever US pulses seminar

Consul General JoAnne Wagner attended the first ever US pulses seminar titled "USA Pulses - the Standard for Quality" in Karachi. The seminar was organized in collaboration between FAS Islamabad and the USA Dry Pea and Lentil Council.

Published 02 May, 2019 12:00am

Three soldiers martyred: Afghan diplomat summoned over cross-border terrorist attack

Pakistan on Wednesday lodged a strong protest with Afghanistan and called for an immediate action against terrorists on its side by summoning top Afghan diplomat over cross-border terrorist attack in North Waziristan which resulted in martyrdom of three P

Published 02 May, 2019 12:00am

Currency

Pakistan Oilfields Limited (POL)

A key player in the local E&P oil and gas sector, Pakistan Oilfields Limited (PSX: POL) is primarily engaged in the exploration, drilling and production of crude oil and gas in the country. It is a subsidiary of the Attock Oil Company Limited (AOC). After

Updated 02 May, 2019 08:10am

Mutual Funds

Pakistan Oilfields Limited (POL)

A key player in the local E&P oil and gas sector, Pakistan Oilfields Limited (PSX: POL) is primarily engaged in the exploration, drilling and production of crude oil and gas in the country. It is a subsidiary of the Attock Oil Company Limited (AOC). After

Published 02 May, 2019 12:00am

IBA, Total Communications ink MoU for 'InfoSec Conference'

The Centre for Information & Communication Technology (CICT), IBA Karachi and Total Communications Pakistan, signed a memorandum of understanding (MoU) regarding the IBA-CICT's participation as an Academic Strategic Partner for InfoSec 2019. The MoU was s

Published 02 May, 2019 12:00am

New Khanki Barrage Wazirabad: 'DESCON completes construction in record 50 months'

"DESCON which is the leading construction company of Pakistan has recently completed the construction of new Khanki Barrage Wazirabad at the cost of Rs 21.3 billion in record 50 months. The project is funded by Asian Development Bank and Government of Pun

Published 02 May, 2019 12:00am

Mango growers: MRI Multan to introduce ICM

In order to achieve yield and quality enhancement and increasing Pakistan's share in the global mango market, Mango Research Institute (MRI) Multan is introducing Integrated Crop Management (ICM) to mango growers, which include drip irrigation, nutrition,

Published 02 May, 2019 12:00am

Trade unions take out rallies to mark Labour Day

The Labour Day was observed in different parts of the provincial metropolis to express solidarity with workers and labourers on Wednesday.

Published 02 May, 2019 12:00am

Trade unions take out rallies to mark Labour Day

The Labour Day was observed in different parts of the provincial metropolis to express solidarity with workers and labourers on Wednesday.

Published 02 May, 2019 12:00am

Arshad Jamal named acting FPCCI chief

Muhammad Arshad Jamal, vice president FPCCI, has been nominated as acting president FPCCI. According to the office order, Muhammad Arshad Jamal, vice president FPCCI is performing duty as 'acting president' FPCCI during the official visit of President FPC

Published 02 May, 2019 12:00am

Standard Chartered Saadiq holds art exhibition

Building on our brand promise here for good, Standard Chartered Saadiq organised 'Rhythms of Recurrence' - an exclusive exhibition of contemporary works of art and selected artifacts based on the underlying grid in Islamic geometry, historically used in a

Published 02 May, 2019 12:00am

MCB Bank partners with WorldRemit for digital money transfers

Leading digital money transfer service WorldRemit has joined forces with MCB Bank (MCB) for digital money transfers to Pakistan. Using the WorldRemit app or website, Pakistanis living in over 50 countries including the UK, the United States and Canada, ca

Published 02 May, 2019 12:00am

Uplift of Chitral: AKDN's contribution lauded

Pakistan Tehreek-e-Insaf Senator Samina Saeed has said that the contribution of Aga Khan Development Network (AKDN) in health, education and social development sectors for the backward district of Chitral are second to none.

Published 02 May, 2019 12:00am

IMF deal won't be accepted sans NA's nod: Bilawal

Pakistan People's Party chairman Bilawal Bhutto-Zardari warned the PTI-led federal government on Wednesday that his party will reject any deal with International Monetary Fund (IMF), without getting it approved from the National Assembly.

Published 02 May, 2019 12:00am

Untrained workers to get Rs 16,500 as minimum wages: Buzdar

Announcing minimum wages of untrained and trained workers at Rs 16500 and Rs 17000 to Rs 19000, respectively, Punjab Chief Minister Sardar Usman Buzdar said on Wednesday that the insurance scheme is being introduced for the treatment of laborers after ret

Published 02 May, 2019 12:00am

Ruling elite least bothered about workers' plight: PDP chief

"The ruling elite is least concerned about the plight of workers, only attending photo sessions of the May 01, and our parliamentarians are doing nothing for the rights of labours," said Pasban Democratic Party (PDP) Chairman, Altaf Shakoor.

Published 02 May, 2019 12:00am

Satellite TV broadcast stations: PBA condemns Pemra's decision of issuing new licences

Pakistan Broadcasters Association (PBA) has strongly objected to and condemned Pemra's decision to conduct the auction proceedings for the issuance of new licences for satellite TV broadcast stations on 2nd May, 2019, and 3rd May, 2019, without deciding t

Published 02 May, 2019 12:00am

HBL recognized at BRI forum in China

Last week, a high-powered delegation from HBL led by Muhammad Aurangzeb, President & CEO HBL, attended the financial forums held under the aegis of 2nd Belt and Road (BRI) Forum for International Cooperation, in Beijing, China between 25-27 April 2019. HB

Published 02 May, 2019 12:00am

WeBOC goes operational at KEPZ from today

The Web Based One Customs (WeBOC) is going to be operational at Karachi Exports Processing Zone (KEPZ) from May 2, 2019 (today). According to the notification issued by Model Customs Collectorate of Export (PMBQ), the WeBOC module is going to be operation

Published 02 May, 2019 12:00am

Talks with IMF on ST: Sindh CM writes letter to Hafeez

Sindh Chief Minister Syed Murad Ali Shah said he believed as Pakistan moved forward in the talks with IMF, the respect for the provincial autonomy would be ensured in the line federal government would take on the issue of sales tax.

Published 02 May, 2019 12:00am

Government urged to overhaul national taxation system in toto

Mohammad Adnan Jalil, a prominent entrepreneur and former vice president, Federation of Pakistan Chamber of Commerce and Industry (FPCCI) has called for complete overhauling of the national taxation system to abolish or merge other taxes to collect only t

Published 02 May, 2019 12:00am

Special Court to take up high treason case against Musharraf today

The Special Court will take up the high treason case against former President and Army Chief General Pervez Musharraf (retd) today (Thursday). Justice Tahira Safdar, President Special Court, on March 28 had summoned Musharraf on May 2 for recording statem

Published 02 May, 2019 12:00am

Afghan delegation meets Qureshi

A delegation of Afghan politicians, academicians, journalists and businessmen called on Foreign Minister Shah Mahmood Qureshi on Wednesday. Welcoming the delegation, Foreign Minister Qureshi conveyed Pakistan's strong desire for a peaceful and stable Afgh

Published 02 May, 2019 12:00am

Partly Facetious : NS needs to revisit his accountant's performance

"One event in one's life and one is forever remembered for it. That's just not fair."

Published 02 May, 2019 12:00am

UNFPA launches world population report in Pakistan

The United Nations Population Fund (UNFPA) launched its annual 'State of World Population Report-2019' in Pakistan, calling for the full realisation of reproductive health and addressing the impacts of high population growth. "Global evidence has shown th

Published 02 May, 2019 12:00am

Tobacco companies donation for dams won't affect anti-tobacco policy: Mirza

Special Assistant to Prime Minister on National Health Services Dr Zafar Mirza on Wednesday said that tobacco company's Rs 5 million donation for Diamer-Bhasha and Mohmand Dams will not impact the government's anti-tobacco policy. His statement comes afte

Published 02 May, 2019 12:00am

Army's role in safeguarding ideology of Pakistan lauded

Custodian of Eidgah Shrine Pir Muhammad Naqeeb-ur-Rehman and Sahib Zada Pir Muhammad Hassan Haseeb-ur-Rehman Wednesday appreciated the role of Pakistan's armed forces in safeguarding ideological and geographical frontiers of the country in a highly profes

Published 02 May, 2019 12:00am

Karachi to experience heatwave till Saturday

Heat wave continued to simmer the city on Wednesday with temperature touching 42 degrees Celsius, according to the Met Office. The heat wave spell at a speed between 10 to 15 nautical miles is expected to continue until Saturday, May 4 with temperature ra

Published 02 May, 2019 12:00am

Clean and Green Pakistan drive to continue across Punjab: CS

Chief Secretary Punjab Yousaf Naseem Khokhar has directed that the Clean and Green Pakistan campaign will be continued across the province in a vigorous manner, saying that special attention should be paid to improving cleanliness, besides massive tree pl

Published 02 May, 2019 12:00am

GCU student wins national calculus contest

Government Colleague University (GCU) Vice Chancellor Prof Dr Hassan Amir Shah has congratulated a student of Mathematics Department on won prestigious National Calculus Contest 2019. Naufil Sakran, a student of Mathematics Department at the GC University

Published 02 May, 2019 12:00am

CM condemns terrorists attack in NW

Punjab Chief Minister Sardar Usman Buzdar on Wednesday condemned the terrorists' attack in the border area of Northern Waziristan. He praised the bravery of jawans of Pak Army and added that they have failed the nefarious designs of terrorists.

Published 02 May, 2019 12:00am

Human smuggling - I

In its latest report on human trafficking, the National Commission for Human Rights (NCHR) makes the shocking disclosure that during the last year more than 80,000 Pakistanis were deported from various countries, nearly half of them from Saudi Arabia (whi

Published 02 May, 2019 12:00am

How Russia 'contaminated' $2.7bn of oil exports to Europe

It was a quiet Easter holiday at the offices of major European oil companies and refiners when an email in Russian landed. "What the hell does it say?" one manager recalled thinking as he sent it to his Moscow office for translation.

Published 02 May, 2019 12:00am

Currency

Inflation, price hike and Pakistan's economic structure - I

In the following months, especially in the month of Ramazan, our main topic of discussion will be inflation and resultant price hike. As expected there will be political uproar at various forums. As usual this subject will then be analyzed in relation to

Published 02 May, 2019 12:00am

Currency

The End of History and the Last IMF

In his 1992 book The End of History and the Last Man Fukuyama argued that following the end of Cold War liberal democracy and capitalism were here to stay. He didn't think it was a period of history but the end of history; the end point of our ideological

Published 02 May, 2019 12:00am

ECL issue

The Exit Control List (ECL) has once again intruded into the limelight with the revelation that former prime minister Shahid Khaqan Abbasi and former finance minister Miftah Ismail have been placed, along with five others, on it on April 26, 2019. Reporte

Updated 02 May, 2019 06:42am

An oily challenge

The federal cabinet referred the decision to raise the price of petroleum and products (POL) as proposed by Oil and Gas Regulatory Authority (Ogra) to the Economic Coordination Committee of the Cabinet (ECC) headed by Dr Hafeez Sheikh, the Advisor to the

Updated 03 May, 2019 07:18am

Pakistan will 'immediately' enforce UNSC sanctions on Masood Azhar: FO

The Foreign Office said Wednesday that Pakistan will immediately enforce the UN Security Council's sanctions on Jaish-e-Mohammad (JeM) chief Masood Azhar following the UN body formally added him to its ISIL (Da'esh) and Al-Qaida Sanctions List, agreed aft

Published 02 May, 2019 12:00am

Pakistan will 'immediately' enforce UNSC sanctions on Masood Azhar: FO

The Foreign Office said Wednesday that Pakistan will immediately enforce the UN Security Council's sanctions on Jaish-e-Mohammad (JeM) chief Masood Azhar following the UN body formally added him to its ISIL (Da'esh) and Al-Qaida Sanctions List, agreed aft

Published 02 May, 2019 12:00am

Renewable energy policy draft finalised by PD

Power Division has finalised draft Renewable Energy Policy 2019 to be presented to the Federal Cabinet for approval, envisaging 25 percent of total generation capacity from Alternative and Renewable Energy Technologies (ARET) by 2025 and 30 percent by 203

Published 02 May, 2019 12:00am

Renewable energy policy draft finalised by PD

Power Division has finalised draft Renewable Energy Policy 2019 to be presented to the Federal Cabinet for approval, envisaging 25 percent of total generation capacity from Alternative and Renewable Energy Technologies (ARET) by 2025 and 30 percent by 203

Published 02 May, 2019 12:00am

Renewable energy policy draft finalised by PD

Power Division has finalised draft Renewable Energy Policy 2019 to be presented to the Federal Cabinet for approval, envisaging 25 percent of total generation capacity from Alternative and Renewable Energy Technologies (ARET) by 2025 and 30 percent by 203

Published 02 May, 2019 12:00am

PTCL organises Box of Happiness initiative for elderly

Pakistan Telecommunication Company Limited (PTCL) organised a Box of Happiness initiative for the elderly in the first quarter of 2019 through its in-house volunteer force, PTCL Razakaar. PTCL employees from numerous regions of Pakistan donated generously

Published 02 May, 2019 12:00am

Assange jailed for 50 weeks for UK bail breach

WikiLeaks founder Julian Assange was sentenced Wednesday to 50 weeks in jail for breaching a British court order seven years ago, when he took refuge in Ecuador's London embassy to avoid extradition to Sweden. The Australian whistleblower, who was arreste

Published 02 May, 2019 12:00am

Currency

'Homegrown' macroeconomic framework

The recent medium-term projections by some of the major multilateral agencies have created a strong sense of apprehension about the future prospects for the economy of Pakistan. For example, the World Bank expects the GDP growth to be 3.4 percent in 2018-

Published 02 May, 2019 12:00am

Currency

'Homegrown' macroeconomic framework

The recent medium-term projections by some of the major multilateral agencies have created a strong sense of apprehension about the future prospects for the economy of Pakistan. For example, the World Bank expects the GDP growth to be 3.4 percent in 2018-

Published 02 May, 2019 12:00am

Fed leaves interest rates unchanged

The Federal Reserve held interest rates steady on Wednesday as policymakers took heart in continued U.S. job gains and economic growth and held out hope that weak inflation will edge higher. "The labor market remains strong ... economic activity rose at a

Published 02 May, 2019 12:00am

Fed leaves interest rates unchanged

The Federal Reserve held interest rates steady on Wednesday as policymakers took heart in continued U.S. job gains and economic growth and held out hope that weak inflation will edge higher. "The labor market remains strong ... economic activity rose at a

Published 02 May, 2019 12:00am

Fed leaves interest rates unchanged

The Federal Reserve held interest rates steady on Wednesday as policymakers took heart in continued U.S. job gains and economic growth and held out hope that weak inflation will edge higher. "The labor market remains strong ... economic activity rose at a

Published 02 May, 2019 12:00am

Nations using oil 'as a weapon' causing damage to OPEC: Iran

Iran's oil minister hit out on Wednesday against the use of oil sanctions "as a weapon" by the United States and the damage it was doing to OPEC, according to SHANA, the news outlet of the OPEC member's oil ministry. Oil prices hit their highest since Nov

Published 02 May, 2019 12:00am

Nations using oil 'as a weapon' causing damage to OPEC: Iran

Iran's oil minister hit out on Wednesday against the use of oil sanctions "as a weapon" by the United States and the damage it was doing to OPEC, according to SHANA, the news outlet of the OPEC member's oil ministry. Oil prices hit their highest since Nov

Published 02 May, 2019 12:00am

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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