News Archives for Print - 2019-05-13

Currency

THE RUPEE: Easier trend

Weakness prevailed on the money market during the week ended on 11 May, 2019. The rupee did not move any side in relation to the dollar for buying and selling at Rs 141.39 and Rs 141.40.

Published 13 May, 2019 12:00am

Currency

THE RUPEE: Easier trend

Weakness prevailed on the money market during the week ended on 11 May, 2019. The rupee did not move any side in relation to the dollar for buying and selling at Rs 141.39 and Rs 141.40.

Published 13 May, 2019 12:00am

5 martyred in Gwadar hotel attack: all three terrorists killed

Security forces have completed the clearance operation at Pearl Continental (PC) Gwadar during which all the three terrorists, who attempted to make forced entry into the hotel, have been killed. Bodies of terrorists have been taken for identification, an

Published 13 May, 2019 12:00am

5 martyred in Gwadar hotel attack: all three terrorists killed

Security forces have completed the clearance operation at Pearl Continental (PC) Gwadar during which all the three terrorists, who attempted to make forced entry into the hotel, have been killed. Bodies of terrorists have been taken for identification, an

Published 13 May, 2019 12:00am

China lauds Army's quick response

China highly appreciates the heroic action of Pakistani Army & law enforcement agencies against the terrorists who attacked the PC hotel in Gwadar. China Economic Net reported from Gwadar, four terrorists who stormed hotel at afternoon of the 11th May hav

Published 13 May, 2019 12:00am

China lauds Army's quick response

China highly appreciates the heroic action of Pakistani Army & law enforcement agencies against the terrorists who attacked the PC hotel in Gwadar. China Economic Net reported from Gwadar, four terrorists who stormed hotel at afternoon of the 11th May hav

Published 13 May, 2019 12:00am

Attack a bid to sabotage economic projects: PM

Prime Minister Imran Khan Sunday condemned the terrorists attack targeting Pearl Continental Hotel in Gwadar. Appreciating the initial response by security guards and security forces in foiling greater loss to human lives, the prime minister paid rich tri

Published 13 May, 2019 12:00am

Attack a bid to sabotage economic projects: PM

Prime Minister Imran Khan Sunday condemned the terrorists attack targeting Pearl Continental Hotel in Gwadar. Appreciating the initial response by security guards and security forces in foiling greater loss to human lives, the prime minister paid rich tri

Published 13 May, 2019 12:00am

Equities remain depressed

Pakistan Stock Exchange witnessed declining trend during the outgoing week ended on May 10, 2019 due to selling mainly by local investors. BRIndex100 lost 129.78 points on week-on-week basis to close at 3,627.17 points. Average daily volumes stood at 65.3

Published 13 May, 2019 12:00am

Equities remain depressed

Pakistan Stock Exchange witnessed declining trend during the outgoing week ended on May 10, 2019 due to selling mainly by local investors. BRIndex100 lost 129.78 points on week-on-week basis to close at 3,627.17 points. Average daily volumes stood at 65.3

Published 13 May, 2019 12:00am

Equities remain depressed

Pakistan Stock Exchange witnessed declining trend during the outgoing week ended on May 10, 2019 due to selling mainly by local investors. BRIndex100 lost 129.78 points on week-on-week basis to close at 3,627.17 points. Average daily volumes stood at 65.3

Published 13 May, 2019 12:00am

Futures spread down by 280 basis points

The futures spread declined by 280bps to 3.16 percent on the last day of the outgoing week. Trading activities on the futures counter remained low during this week as average daily volumes declined by 37.0 percent to 27.76 million shares. Average daily tr

Published 13 May, 2019 12:00am

Futures spread down by 280 basis points

The futures spread declined by 280bps to 3.16 percent on the last day of the outgoing week. Trading activities on the futures counter remained low during this week as average daily volumes declined by 37.0 percent to 27.76 million shares. Average daily tr

Published 13 May, 2019 12:00am

$6 billion IMF deal reached

Advisor to Prime Minister on Finance Dr Abdul Hafeez Shaikh said on Sunday that a staff-level agreement has been reached with the International Monetary Fund (IMF) on a 39-month Extended Fund Facility (EFF) programme of $6 billion.

Published 13 May, 2019 12:00am

$6 billion IMF deal reached

Advisor to Prime Minister on Finance Dr Abdul Hafeez Shaikh said on Sunday that a staff-level agreement has been reached with the International Monetary Fund (IMF) on a 39-month Extended Fund Facility (EFF) programme of $6 billion.

Published 13 May, 2019 12:00am

$6 billion IMF deal reached

Advisor to Prime Minister on Finance Dr Abdul Hafeez Shaikh said on Sunday that a staff-level agreement has been reached with the International Monetary Fund (IMF) on a 39-month Extended Fund Facility (EFF) programme of $6 billion.

Published 13 May, 2019 12:00am

Cotton

IMF deal, CPFTA-II may hit manufacturing sector

The new tax measures being agreed with the International Monetary Fund (IMF) coupled with the negative impact of China-Pakistan Free Trade Agreement-II (CPFTA-II) are likely to hit the country's already poorly performing manufacturing sector.

Published 13 May, 2019 12:00am

Cotton

IMF deal, CPFTA-II may hit manufacturing sector

The new tax measures being agreed with the International Monetary Fund (IMF) coupled with the negative impact of China-Pakistan Free Trade Agreement-II (CPFTA-II) are likely to hit the country's already poorly performing manufacturing sector.

Published 13 May, 2019 12:00am

Cotton

IMF deal, CPFTA-II may hit manufacturing sector

The new tax measures being agreed with the International Monetary Fund (IMF) coupled with the negative impact of China-Pakistan Free Trade Agreement-II (CPFTA-II) are likely to hit the country''s already poorly performing manufacturing sector.

Published 13 May, 2019 12:00am

Iran commander calls US military in Gulf a target not a threat

A senior Iranian Revolutionary Guards commander said on Sunday the US military presence in the Gulf used to be a serious threat but now represented a target, the Iranian Students' News Agency (ISNA) reported. The US military has sent forces, including an

Published 13 May, 2019 12:00am

Iran commander calls US military in Gulf a target not a threat

A senior Iranian Revolutionary Guards commander said on Sunday the US military presence in the Gulf used to be a serious threat but now represented a target, the Iranian Students' News Agency (ISNA) reported. The US military has sent forces, including an

Published 13 May, 2019 12:00am

Brexit anger makes European vote 'difficult' for Conservatives: UK minister

European elections will be difficult for Britain's governing Conservatives, their education minister said on Sunday, after the party slumped into fourth place in an opinion poll and a new Brexit Party took top spot. Almost three years since Britain voted

Published 13 May, 2019 12:00am

Iran may attack Israel if US standoff escalates: Israel

An Israeli cabinet minister warned on Sunday of possible direct or proxy Iranian attacks on Israel should the stand-off between Tehran and Washington escalate. The United States has increased economic and military pressure on Iran, with President Donald T

Published 13 May, 2019 12:00am

Delhi leader defies slaps and shoes to step up election fight

He has been smeared with chilli powder and slapped, but Delhi's chief minister will still be leading the fight against Prime Minister Narendra Modi in Sunday's penultimate round of the Indian election. Fifty-nine seats are up for grabs across the country

Published 13 May, 2019 12:00am

Balakot incident: Modi ridiculed for 'radar and clouds' comments

Indian opposition leaders criticised and ridiculed Prime Minister Narendra Modi for remarks he made on clouds and radars in relation to the Balakot airstrike, India Today reported. In a recent TV interview, the Indian prime minister described how he belie

Published 13 May, 2019 12:00am

Balakot incident: Modi ridiculed for 'radar and clouds' comments

Indian opposition leaders criticised and ridiculed Prime Minister Narendra Modi for remarks he made on clouds and radars in relation to the Balakot airstrike, India Today reported. In a recent TV interview, the Indian prime minister described how he belie

Published 13 May, 2019 12:00am

Mutual Funds

Assets under management: SECP directed to reduce fee charged on mutual fund companies

In a major move to facilitate mutual fund industry, the Securities and Exchange (SECP) Policy Board has directed SECP to immediately reduce fee charged on mutual fund companies from existing 0.08 percent to 0.02 percent on assets under management. The SEC

Published 13 May, 2019 12:00am

Mutual Funds

Assets under management: SECP directed to reduce fee charged on mutual fund companies

In a major move to facilitate mutual fund industry, the Securities and Exchange (SECP) Policy Board has directed SECP to immediately reduce fee charged on mutual fund companies from existing 0.08 percent to 0.02 percent on assets under management. The SEC

Published 13 May, 2019 12:00am

Mutual Funds

Assets under management: SECP directed to reduce fee charged on mutual fund companies

In a major move to facilitate mutual fund industry, the Securities and Exchange (SECP) Policy Board has directed SECP to immediately reduce fee charged on mutual fund companies from existing 0.08 percent to 0.02 percent on assets under management. The SEC

Published 13 May, 2019 12:00am

UAE says four vessels subjected to 'sabotage' near Fujairah port

Four commercial vessels were targeted by "sabotage operations" near the territorial waters of the United Arab Emirates without causing casualties, the foreign ministry said on Sunday in a statement tweeted by state news agency WAM. The incident occurred n

Published 13 May, 2019 12:00am

UAE says four vessels subjected to 'sabotage' near Fujairah port

Four commercial vessels were targeted by "sabotage operations" near the territorial waters of the United Arab Emirates without causing casualties, the foreign ministry said on Sunday in a statement tweeted by state news agency WAM. The incident occurred n

Published 13 May, 2019 12:00am

Gunmen kill six during Catholic mass in Burkina Faso

Gunmen killed a priest and five churchgoers during mass Sunday in an attack on a Catholic church in Dablo, northern Burkina Faso, security sources and a local official said. "Towards 9.00 am, during mass, armed individuals burst into the Catholic church,"

Published 13 May, 2019 12:00am

Gunmen kill six during Catholic mass in Burkina Faso

Gunmen killed a priest and five churchgoers during mass Sunday in an attack on a Catholic church in Dablo, northern Burkina Faso, security sources and a local official said. "Towards 9.00 am, during mass, armed individuals burst into the Catholic church,"

Published 13 May, 2019 12:00am

Drowning in debt

It is highly disturbing to note that the outstanding stock of public debt continues to rise at a rapid rate without any hope of reversal in its trend in the near future. Briefing the National Assembly's Standing Committee on Finance, a senior official of

Updated 13 May, 2019 06:03am

Resolving the problem of illegal constructions

The apex court's ongoing effort to rid Karachi of encroachments from amenity spaces and commercial use of cantonment lands is getting frustrated as influential players try and resort to stalling tactics. Resuming on Thursday its proceedings regarding impl

Updated 13 May, 2019 06:03am

Currency

The IMF and Pakistan

At the time of writing this article staff level agreement between the International Monetary Fund (IMF) and Pakistan authorities had not been reached. The IMF mission expected to wind up on 10 May extended its departure as talks were to continue over the

Published 13 May, 2019 12:00am

Laws cannot be inhuman

When "law is blind" is taken literally, it spells trouble. Laws are supposed to be a set of rules made by a state for keeping the peace and security of a society. In ancient times leaders would set the rules and the courts or police would punish the peopl

Published 13 May, 2019 12:00am

Afghan refugee entrepreneurs thrive in Turkey

When Afghan businessman Haji Yakup Burhan fled the violence of his home country 30 years ago, he brought with him his family - and all his money. He headed to Saudi Arabia, where he opened a restaurant but, as refugees, his children had difficulty getting

Published 13 May, 2019 12:00am

'Meritocracy in democracy - I'

Business Recorder op-ed writer Farhat Ali in his Saturday's article titled "Meritocracy in democracy - I" has heaped a lot of praise on prime minister Imran Khan's response to the growing economic challenges.

Published 13 May, 2019 12:00am

Four killed, two injured in firing

Armed men opened indiscriminate fire at a family in Khairpur Tamewali area, leaving four people dead and two others including a little girl injured. Police sources said that armed men stormed a house in Khairpur Tamewali area and opened indiscriminate fir

Published 13 May, 2019 12:00am

Prices of essential food items fall in retail market

Prices of important kitchen items, especially chicken meat, vegetable, fruits, dates, eggs, flour etc. have dropped in retail market, according to a survey carried out by Business Recorder here on Sunday. The survey witnessed that price of live chi

Published 13 May, 2019 12:00am

Seven tribal districts: KP government releases funds for uplift schemes

The Khyber Pakhtunkhwa (KP) Relief and Rehabilitation Department has released development funds for the reconstruction of health, education and drinking water facilities in seven tribal districts. For Orakzai district, a fund of Rs 1.043 billion has been

Published 13 May, 2019 12:00am

MAP, AAMO's leadership awards for Dr Abdul Bari Khan

Prof Dr Abdul Bari Khan conferred leadership awards by MAP and AAMO. Being a non-profit organisation, Management Association of Pakistan (MAP) believes in promoting and recognising altruistic leadership & philanthropic service to humankind in Pakistan.

Published 13 May, 2019 12:00am

SIC facility planned for entire KP

Khyber Pakhtunkhwa government has decided to extend Sehat Insaf cards facility to the entire population of the province in the next fiscal year. A spokesman of KP government said that the project will cost Rs10.18b billion. The entitled families will get

Published 13 May, 2019 12:00am

Mother's Day: CoAS pays tribute to mothers of martyrs

Chief of Army Staff (CoAS) General Qamar Javed Bajwa paid tribute to the mothers of martyrs for their sacrifices on Mother's Day, and said no one can defeat Pakistan until such courageous women are present in this country. The army chief acknowledged that

Published 13 May, 2019 12:00am

New Zealand premier thanks Pakistanis for demonstrating solidarity

New Zealand's Prime Minister, in a letter to the Jamaat e Islami deputy chief Liaqat Bloch, has expressed deep gratitude to the people of Pakistan for demonstrating complete solidarity with her people in the wake of the terrorist attack at Christchurch mo

Published 13 May, 2019 12:00am

Three hurt while resisting robbery bid

Three persons got injured while offering resistance to a robbery bid, while in separate incidents police claimed to have arrested three accused after an exchange of firing here on Sunday. Officials at Sukhan police station said three persons identified as

Published 13 May, 2019 12:00am

Elections in tribal districts: three women among 438 candidates file papers for 16 KP Assembly seats

A total of 438 candidates, including three women, have filed nomination papers for elections on 16 general seats of Khyber Pakhtunkhwa Assembly in tribal districts.

Published 13 May, 2019 12:00am

PBIF for making industry profitable sector to end dependence on loans

President of Pakistan Businessmen and Intellectuals Forum (PBIF) Mian Zahid Hussain has said that country cannot end its dependence on loans unless the industrial sector becomes the most profitable sector for which policy intervention is necessary.

Published 13 May, 2019 12:00am

Currency

Hyderabad-Sukkur Motorway: cost of M-6 project may soar to over Rs 200 billion

The estimated cost of Hyderabad-Sukkur Motorway (M-6) project, a critical component of China-Pakistan Economic Corridor (CPEC), is likely to escalate to over Rs 200 billion against the initial estimates of Rs 175 billion due to repeated delays in project

Published 13 May, 2019 12:00am

KP-Tevta seeks capacity-building support from Indonesia

Khyber Pakhtunkhwa government is seeking support of Lb Tech International Indonesia for capacity building of the System of Technical and Vocational Education and Training (KP-STVET) and for upgrading of laboratories. It was revealed at the 13th meeting of

Published 13 May, 2019 12:00am

PM wants early completion of BRT project: CM

Chief Minister Khyber Pakhtunkhwa Mahmood Khan has said that Prime Minister Imran Khan has issued special directives for the early completion of the Bus Rapid Transit (BRT) project. The chief minister has directed the contractors of BRT project to begin w

Published 13 May, 2019 12:00am

Ramazan bazaars: Buzdar for effective monitoring of prices

Punjab Chief Minister Usman Buzdar has directed the provincial administration for effective monitoring of prices of essential commodities in open market. While passing instructions to price control committees and the administration, the chief minister sai

Published 13 May, 2019 12:00am

Malakand district: steel mills not complying with EPA's SOPs banned

Commissioner Malakand Riaz Khan Mehsud has announced ban on all seven steel mills operating in built up zones of district Malakand. He added that no steel mill can be operated in Malakand except those having compliance with Environment Protection Agency's

Published 13 May, 2019 12:00am

Crackdown on profiteers begins in Peshawar

The crackdown against profiteers including mega malls and super stores was in full-swing in the provincial capital as the officials of district administration themselves inspected mega malls and super stores on Sunday. In this connection, Deputy Commissio

Published 13 May, 2019 12:00am

Leather garments sector: Razak vows to help resolve ERF issue

Prime Minister's Advisor on Commerce, Textile, Industries and Production and Investment, Abdul Razak Dawood has promised to help resolve Export Refinance Facility (ERF) issue being faced by the leather garments sector. He made this commitment with a deleg

Published 13 May, 2019 12:00am

CDA chief reviews Ataturk Avenue project

The Chairman Capital Development Authority (CDA) visited the Ataturk Avenue, sector G-6 to inspect progress on the project. Chairman CDA directed the concerned formation that till such time road work is completed temporary arrangement for traffic flow mus

Published 13 May, 2019 12:00am

Cotton

Cotton weekly review: local market remains stable

The prices of cotton remained stable. Due to escalating trade war between America and China there is a slump in international cotton market. Cotton policy should be announced immediately to increase the production of cotton. In the local cotton market the

Published 13 May, 2019 12:00am

Cotton

Cotton weekly review: local market remains stable

The prices of cotton remained stable. Due to escalating trade war between America and China there is a slump in international cotton market. Cotton policy should be announced immediately to increase the production of cotton. In the local cotton market the

Published 13 May, 2019 12:00am

Budget proposals: SCCI calls for review of APTTA

Sarhad Chamber of Commerce and Industry (SCCI) has called for review of Afghanistan-Pakistan Transit Trade Agreement (APTTA) for the facilitation of imports with Afghanistan and introduction of an effective mechanism based on some quantitative ceilings to

Published 13 May, 2019 12:00am

Autonomous bodies, organisations: Cabinet seeks comprehensive plan from ED to fill vacant slots

The Federal Cabinet has sought a comprehensive plan from Establishment Division to fill vacant slots in autonomous bodies and organisations falling under the administrative control of different Ministries/Divisions within two weeks, well-informed sources

Published 13 May, 2019 12:00am

Delay in gas project completion: Pakistan responds to Iran's notice

Pakistan has responded to the legal notice from Iran over delay in completion of Pakistan Iran Gas Pipeline project, sources said on Sunday. According to sources, Prime Minister Imran Khan has directed concerned authorities to tackle the gas line project

Published 13 May, 2019 12:00am

Mother best shelter for children: Murtaza

Adviser to Chief Minister Sindh for Information, Law and Anticorruption Barrister Murtaza Wahab has said that mother holds highest stature who is the best shelter for children. In a message on World Mother Day observed on Sunday, Murtaza Wahab said, "I pa

Published 13 May, 2019 12:00am

Two factories sealed in Peshawar

The KP Food Authority (KPFA) on Sunday sealed two factories and disposed of 2,000 kilograms of frozen chicken in Peshawar. The factories were making substandard lollipops and vermicelli. They were also preparing this food in unhygienic conditions. The fro

Published 13 May, 2019 12:00am

US accused of transferring funds meant for Pakistan for building Mexico border wall

The United States is transferring $1.5 billion meant for Afghanistan and Pakistan to a fund to build the Mexican border wall, says acting Defence Secretary Patrick Shanahan. The funds have been reprogrammed despite an increase in attacks inside Afghanista

Published 13 May, 2019 12:00am

STOAP hails Shabbar's appointment as FBR chief

The newly formed Sales Tax Officers Association of Pakistan (STOAP) Sunday welcomed and congratulated Shabbar Zaidi as Chairman, FBR. The meeting of the Central Executive Committee (CEC) of STOAP was held here on Sunday.

Published 13 May, 2019 12:00am

Funeral prayers of PTI leader's mother offered

Funeral prayer of deceased mother of Punjab Minister for Housing and Urban Development Mian Mehmood-ur-Rasheed was offered in Kareem Block, Allama Iqbal Town Lahore on Sunday. Punjab Governor Chaudhry Muhammad Sarwar, Federal Minister for Education Shafqa

Published 13 May, 2019 12:00am

JI leaders grieved

Chief of Jamaat-e-Islami, Senator Sirajul Haq, JI Secretary General Amirul Azeem, JI deputy chiefs Liaqat Baloch, Prof. Muhammad Ibrahim, Dr Farid Ahmed Piracha and Mian Muhammad Aslam and other party leaders have expressed deep grief over the demise of t

Published 13 May, 2019 12:00am

Pak-EPA promoting concept of green industrial zone, claims official

Pakistan Environmental Protection Agency (Pak-EPA) in the wake of Clean Green Pakistan programme has promoted the concept of green industrial zone in coordination with the industrial sector. Pak-EPA had conducted a detailed survey of Industrial Estate of

Published 13 May, 2019 12:00am

'Investment in agri-value chain imperative for poverty reduction' an interview with Simi Kamal, Head of Programmes at Pakistan Poverty Alleviation Fund

Simi Kamal is no stranger to the development sector in Pakistan. A geographer by training, she has been associated with areas of poverty reduction, social uplift, women empowerment, water, and environment for nearly four decades.

Published 13 May, 2019 12:00am

'Investment in agri-value chain imperative for poverty reduction' an interview with Simi Kamal, Head of Programmes at Pakistan Poverty Alleviation Fund

Simi Kamal is no stranger to the development sector in Pakistan. A geographer by training, she has been associated with areas of poverty reduction, social uplift, women empowerment, water, and environment for nearly four decades.

Published 13 May, 2019 12:00am

Crackdown against filers of fake FIRs begins

The Sindh police have initiated crackdown against those involved in registration of fake First Information Reports (FIRs) of crimes at different police stations across the province. According to details, released from Directorate Press Sindh Police, as ma

Published 13 May, 2019 12:00am

UN says rebel pullout from key Yemen ports on track

The United Nations said Sunday that a Yemeni rebel withdrawal from key Red Sea ports was proceeding as planned, after the government accused insurgents of faking the pullout. The port of Hodeida serves as a lifeline for millions in the impoverished Arabia

Published 13 May, 2019 12:00am

Lebanon's ex-Maronite patriarch dies

Lebanon's former Maronite patriarch Nasrallah Boutros Sfeir, who wielded considerable political influence during the country's civil war and was an ardent advocate of a Syrian troop withdrawal, died Sunday, the church said. Sfeir, who was set to turn 99 o

Published 13 May, 2019 12:00am

Sri Lanka Catholics hold first Sunday mass after Easter attacks

Thousands of Catholics attended mass in Sri Lanka's capital Colombo Sunday amid tight security to prevent a repeat of Easter bomb attacks that killed 258 people. Soldiers armed with automatic assault rifles guarded St. Theresa's church at Colombo's Thimbi

Published 13 May, 2019 12:00am

Actress Peggy Lipton dies

Actress Peggy Lipton, who gained fame in the late 1960s with her star turn on the counter-culture cop show "Mod Squad" and returned to TV two decades later on "Twin Peaks," has died at age 72 after a battle with cancer. Her daughters Rashida and Kidada Jo

Published 13 May, 2019 12:00am

Exchange

Israel reopens Gaza crossings as calm restored

Israel reopened on Sunday its crossings with the blockaded Gaza Strip after closing them during a deadly escalation earlier this month, an official said, as a fragile truce held. Both the Erez crossing for people and Kerem Shalom crossing for goods were o

Published 13 May, 2019 12:00am

Lithuanians choose new president

Lithuanians were voting for a new president on Sunday with concerns over income inequality and poverty dominating round one of a tight race in the Baltic state boasting some of the eurozone's strongest growth. Nine candidates are vying to fill the shoes o

Published 13 May, 2019 12:00am

UN kicks off major climate change effort

Secretary-General Antonio Guterres has kicked off a major United Nations push for progress on what he calls the defining issue of our time: climate change. Guterres travelled to New Zealand on Sunday, from where he is set to visit several Pacific islands

Published 13 May, 2019 12:00am

Bangladesh rescues 23 Rohingya girls

Twenty-three teenage Rohingya girls were rescued after being brought from refugee camps to the capital Dhaka to be sent to Malaysia by air, Bangladesh police said Sunday. Dhaka police also arrested four human traffickers including a Rohingya couple and re

Published 13 May, 2019 12:00am

Anti-independents secure narrow majority in New Caledonia vote

The anti-independence movement in New Caledonia won a narrow majority in the Pacific archipelago's Congress in provincial elections Sunday, official figures showed. Six months after a closer-than-expected referendum raised questions over France's grip on

Published 13 May, 2019 12:00am

Egypt condemns man to death for Cairo church attack

An Egyptian man was sentenced on Sunday to death by hanging for a deadly attack on a Cairo church in 2017 claimed by the Islamic State jihadist group, a judicial source said. Ten people including a police officer were killed as the assailant targeted the

Published 13 May, 2019 12:00am

'Love vs hate' in penultimate Indian election round

Tens of millions voted Sunday in the penultimate round of India's increasingly bad-tempered election, with all eyes on the coveted capital New Delhi after an ugly campaign of slaps and savage pamphlets. India's almost-seven week election, the biggest on E

Published 13 May, 2019 12:00am

Wall Street week ahead: Trade turbulence shows market vulnerability as stocks get pricier

Stock valuations have climbed to levels reached just before Wall Street's late 2018 plunge, leaving the market at risk of shocks such as the sell-off this week as global trade tensions mounted. But stocks may have more support than last year, due largely

Published 13 May, 2019 12:00am

Currency

Yuan bears re-emerge on fresh trade deal woes

A surprise deterioration in US-China trade talks prompted analysts to dramatically turn bearish on the Chinese yuan. At the start of the week, the US President Donald Trump shockingly punctured optimism around trade talks between the world's top two econo

Published 13 May, 2019 12:00am

Exchange

Indonesia to cap foreign ownership in electronic trading platforms

Indonesia will limit foreign ownership of providers of electronic trading platforms for foreign exchange and money markets, a central bank official said on Tuesday, as part of its broader plans to improve market management. The new rules, which come into

Published 13 May, 2019 12:00am

Exchange

FX trading volumes slide in April

Average daily foreign exchange trading volumes dropped 8.3 percent in April from a year earlier, settlement firm CLS said on Thursday, as falling volatility in currency markets deterred investors from trading. Price fluctuations in the $5.1 trillion-a-day

Published 13 May, 2019 12:00am

Currency

Tenge may strengthen

The Kazakh tenge may rise against the dollar this month, supported by strong oil prices and the authorities' desire to avoid downward volatility ahead of the June presidential election, according to a Reuters poll. Four out of nine participants in the pol

Published 13 May, 2019 12:00am

Exchange

Military tensions, weak oil pressure most major Gulf markets

Saudi Arabia's stock market fell on Sunday, in line with most Gulf markets, after the US Pentagon approved the deployment of a warship and Patriot missiles to the Middle East. Sunday's decline was the sharpest one day drop since Nov. 18, 2018. The Tadawul

Published 13 May, 2019 12:00am

Foreigners turn sellers of China A-shares

Foreign buying of Chinese stocks has slowed significantly since March and turned negative in April, as investors worried that Beijing is turning more cautious about further stimulus amid signs that the economy is starting to stabilise. Uncertainty over Si

Published 13 May, 2019 12:00am

Exchange

Corporate currency hedging slows as FX volatility slumps

The striking calm in foreign exchange markets in recent months has led some US multinational companies to scale back on guarding against currency gyrations, potentially leaving them vulnerable if volatility rebounds from near five-year lows. Muted price m

Published 13 May, 2019 12:00am

Petrobras profit misses forecasts, oil output increase eyed

Brazilian state-run oil firm Petroleo Brasileiro SA posted quarterly results that missed expectations on Tuesday, although management flagged a potential production boost in the second quarter as new platforms ramp up output.

Published 13 May, 2019 12:00am

Petrobras profit misses forecasts, oil output increase eyed

Brazilian state-run oil firm Petroleo Brasileiro SA posted quarterly results that missed expectations on Tuesday, although management flagged a potential production boost in the second quarter as new platforms ramp up output.

Published 13 May, 2019 12:00am

Air Arabia Q1 profit up 16 percent

Air Arabia on Sunday posted a 16 percent jump in first-quarter profit, citing a rise in passenger numbers. The Middle East budget airline reported a full-year loss for 2018 after booking impairments mainly attributable to its exposure to collapsed private

Published 13 May, 2019 12:00am

Air Arabia Q1 profit up 16 percent

Air Arabia on Sunday posted a 16 percent jump in first-quarter profit, citing a rise in passenger numbers. The Middle East budget airline reported a full-year loss for 2018 after booking impairments mainly attributable to its exposure to collapsed private

Published 13 May, 2019 12:00am

Lufthansa eyes Thomas Cook's Condor with buyout offer

European airline giant Lufthansa said on Tuesday it had offered to buy carrier Condor from British parent company Thomas Cook, opening a new chapter in its fast-paced growth through buyouts. "We have made a non-binding offer for Condor, with the option of

Published 13 May, 2019 12:00am

Disney profit up as Fox joins the fold

Disney on Wednesday reported that its profit soared in the recently-ended quarter as it merged with 21st Century Fox. The entertainment titan said its net income was up 85 percent to $5.4 billion during the first three months of this year on revenue that

Published 13 May, 2019 12:00am

Disney profit up as Fox joins the fold

Disney on Wednesday reported that its profit soared in the recently-ended quarter as it merged with 21st Century Fox. The entertainment titan said its net income was up 85 percent to $5.4 billion during the first three months of this year on revenue that

Published 13 May, 2019 12:00am

Commerzbank confirms 2019 objectives as Q1 profits dip

Germany's second-largest lender Commerzbank said Wednesday it was sticking to full-year forecasts for 2019 even as profits halved in the first quarter, after merger talks with rival Deutsche Bank fell through. Net profits were down 54.2 percent year-on-ye

Published 13 May, 2019 12:00am

BMW quarterly profit tumbles 78 percent, hit by 1.4 billion euro legal provision

BMW's first-quarter operating profit fell 78 percent to 589 million euros, despite higher deliveries of luxury vehicles, as the carmaker felt the effects of higher investment spending and a 1.4 billion euro ($1.6bn) legal provision.

Published 13 May, 2019 12:00am

Currency	Rate
USD PKR Interbank Selling / Jan 30	278.97
USD PKR Interbank Buying / Jan 30	278.77
USD to Japanese Yen / Jan 30	154.56
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 29	6,039.31
Nasdaq / Jan 29	19,632.32
Hang Seng / Jan 29	20,225.11
Dow Jones / Jan 29	44,713.52
India Sensex / Jan 30	76,776.38
Tokyo Nikkei / Jan 30	39,467.47
FTSE 100 / Jan 30	8,567.71
Germany DAX 30 / Jan 30	21,655.86

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 29	18,285
Gold 10 Grams PKR / Jan 29	247,513
Crude Oil USD/Barrel / Jan 30	72.66
Gold Spot USD/Ounce / Jan 30	2,759.76
Cotton US¢/pound / Jan 30	66.57
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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