News Archives for Print - 2019-05-13

The Weather

The weather report on Sunday (May 12, 2019) and the forecast for Monday (May 13, 2019).

Published 13 May, 2019 12:00am

Returns on Profit and Loss Sharing Investment Bank Accounts (JULY TO DECEMBER 2018)

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

Published 13 May, 2019 12:00am

Exchange

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (May 6 to 10, 2019).

Published 13 May, 2019 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 13 May, 2019 12:00am

Management Association of Pakistan

MAP is a professional Association, a not-for-profit and a non-political organization. The Association has an elected board of directors, i.e. the Executive Committee, comprising of corporate leaders from Pakistan's top notch companies viz. KPMG Taseer Had

Published 13 May, 2019 12:00am

Leadership awards by MAP and AAMO

Being a non-profit organization, Management Association of Pakistan (MAP) believes in promoting and recognizing Altruistic Leadership & philanthropic service to humankind in Pakistan. For his exemplary selfless social work, Prof Dr. Abdul Bari Khan, CEO I

Published 13 May, 2019 12:00am

Message from President AAMO

On behalf of the Asian Association of Management Organisations (AAMO), I would like to congratulate the Management Association of Pakistan (MAP) on the occasion of your 34th Corporate Excellence Awards (CEA). The contributions of MAP towards AAMO and its

Published 13 May, 2019 12:00am

Message from Ex-President MAP Vice Chairman

Corporate Excellence Awards Sub Committee Management Association of Pakistan Since the first Corporate Excellence Awards presentation held in 1982 , the Management Association proven with subsequent events held regularly each year that their endeavor is a

Published 13 May, 2019 12:00am

Message from President, MAP Chairman Corporate Excellence Awards Sub Committee

It is with great pleasure that I send this message to mark the occasion of MAP's 34th Corporate Excellence Awards event. Recognizing and rewarding corporate excellence is a vital component of good governance. Within Pakistan's corporate world, MAP's Corpo

Published 13 May, 2019 12:00am

Thyssenkrupp to seek new steel partners

Thyssenkrupp will still seek partners for its steel operations after abandoning a European merger with India's Tata Steel, Chief Executive Guido Kerkhoff said in comments published on Sunday. Kerkhoff ditched a restructuring plan on Friday, in which the m

Published 13 May, 2019 12:00am

Hindujas top 2019 list of Britain's wealthiest

The Hinduja brothers are once again the wealthiest people in Britain, according to The Sunday Times newspaper's Rich List 2019. London-based Sri and Gopi Hinduja, of the sprawling Hinduja Group of companies, have a fortune worth £22.0 billion ($28.6 billi

Published 13 May, 2019 12:00am

Crisis-hit Greeks foot steep bills for health and education

Every month, when his respiratory medicine runs out, Dionysis Assimakopoulos heads to the most unlikely pharmacy in Athens. Amid derelict stadiums dating from the 2004 Athens Olympic Games, the volunteer-staffed social pharmacy of Hellinikon has handed ou

Published 13 May, 2019 12:00am

Currency

Turkish economy will overcome impacts of currency crisis

The Turkish economy will hopefully overcome the impacts of a currency crisis last year with just two quarters of contraction, Turkey's Finance Minister Berat Albayrak said on Sunday. Speaking to broadcaster CNN Turk, Albayrak referred to Turkey's performa

Published 13 May, 2019 12:00am

SoftBank set to invest in British financing group Greensill

A prospective deal between SoftBank Group Corp's Vision Fund and UK-based financing group Greensill Capital could be announced as early as Monday, a city source told Reuters. SoftBank Vision Fund is investing $800 million in Greensill, which provides supp

Published 13 May, 2019 12:00am

Bayer apologises for Monsanto PR firm's media list

Germany's Bayer apologised Sunday after revelations in France that its subsidiary Monsanto had a PR agency collate lists of politicians, scientists and journalists and their views on pesticides and GM crops.

Published 13 May, 2019 12:00am

Trump, Xi could meet next month on trade

US President Donald Trump and China's Xi Jinping could meet next month on the sidelines of the G20 summit to hash out their differences on trade, but no new talks are scheduled, White House economic advisor Larry Kudlow said Sunday.

Published 13 May, 2019 12:00am

US and China at impasse over trade, Kudlow says new tariffs will remain

The United States and China appeared at a deadlock over trade negotiations on Sunday as Washington demanded promises of concrete changes to Chinese law and Beijing said it would not swallow any "bitter fruit" that harmed its interests.

Published 13 May, 2019 12:00am

Repetition helps preschoolers learn to eat healthy foods

By using the right words and repeating the phrases, adults can help young kids get over picky eating behaviors and eat healthier foods, according to a new study. Saying "Lentils will help you run faster," for instance, encourages preschoolers to understan

Published 13 May, 2019 12:00am

Indoor tanning may trigger gene mutation that boosts melanoma risk

Indoor tanning is associated with a higher risk of developing the deadly skin cancer melanoma at younger ages, and a recent study suggests the ultraviolet (UV) light in tanning beds may be triggering genetic mutations that can lead to skin malignancies.

Published 13 May, 2019 12:00am

Two-thirds of world's longest rivers throttled by mankind: study

Almost two in three of Earth's longest rivers have been severed by dams, reservoirs or other manmade constructions, severely damaging some of the most important ecosystems on the planet, researchers said Wednesday. Using the latest satellite data and comp

Published 13 May, 2019 12:00am

Cholesterol-lowering drugs tied to reduced glaucoma risk

High cholesterol is associated with an increased risk of developing glaucoma, but a new study suggests taking statins to lower cholesterol helps to reduce this risk. Glaucoma is a group of eye conditions that can damage the optic nerve, typically because

Published 13 May, 2019 12:00am

Obesity rising faster in rural areas Worldwide

Obesity worldwide is increasing more quickly in rural areas than in cities, a study reported on Wednesday, challenging a long-held assumption that the global epidemic of excess weight is mainly an urban problem. Data covering 200 countries and territories

Published 13 May, 2019 12:00am

New space race to bring satellite internet to the world

Anxiety has set in across the space industry ever since the world's richest man, Jeff Bezos, revealed Project Kuiper: a plan to put 3,236 satellites in orbit to provide high-speed internet across the globe. Offering broadband internet coverage to digital

Published 13 May, 2019 12:00am

$399 Pixel phone launched at about half of its current models

Alphabet Inc's Google launched more affordable versions of its Pixel smartphone on Tuesday at about half the price of its current models, and dropped an exclusive US distribution deal with Verizon Communications Inc, signaling a major shift in the tech gi

Published 13 May, 2019 12:00am

Apple teams up with SAP to help clients develop iPhone business apps

Business software maker SAP and Apple are teaming up to help clients develop their own mobile business applications using Apple's machine-learning technology. This will make it possible, with the help of augmented reality, to use iPhones or iPads for a ra

Published 13 May, 2019 12:00am

Dyson driving towards all-terrain electric car

James Dyson, famed for his vacuum cleaners, hinted Thursday that his electric car would be more energy efficient than rivals - and with "very large wheels" for city and rough-terrain driving. Releasing brief details of patents filed 18 months ago ahead of

Published 13 May, 2019 12:00am

Google promises better privacy tools, smarter AI assistant

Google announced new privacy tools Tuesday intended to give people more control over how they're being tracked on the go or in their own home, part of a broader effort by big tech companies to counter increasing scrutiny of their data collection practices

Published 13 May, 2019 12:00am

Currency

Suzuki Motor says Japan tax rise, India uncertainty to limit profit growth

Suzuki Motor Corp on Friday forecast a 1.7% rise in profit this year, anticipating limited growth due to an expected sales tax rise in Japan as well as uncertainty in business conditions in its biggest market, India. Japan's fourth-largest automaker expec

Published 13 May, 2019 12:00am

SoftBank Group unveils stock split, rakes in $3.8 billion gain on Uber stake

Japan's SoftBank Group Corp announced a stock split while keeping the per-share dividend unchanged for the year, effectively doubling its shareholder payout, as it also reported a $3.8 billion valuation gain on its stake in Uber.

Published 13 May, 2019 12:00am

Panasonic flags first profit drop in 8 years

Panasonic Corp warned profit this financial year would fall for the first time in eight years as costs to boost battery output rise and it moves to overhaul some businesses amid investor pressure to find new avenues of growth.

Published 13 May, 2019 12:00am

Panasonic flags first profit drop in 8 years

Panasonic Corp warned profit this financial year would fall for the first time in eight years as costs to boost battery output rise and it moves to overhaul some businesses amid investor pressure to find new avenues of growth.

Published 13 May, 2019 12:00am

Deutsche Telekom slams cost of 5G auction as revenues lag at home

Deutsche Telekom slammed the cost of Germany's auction of frequencies for next-generation mobile services, as first-quarter results showed its domestic business lagging in comparison with its US and European operations. Germany is now seven weeks into its

Published 13 May, 2019 12:00am

Qantas flags record annual revenue, growth in leisure, int'l travel

Australia's Qantas Airways Ltd posted on Thursday a small rise in third-quarter revenue as more people travelled for leisure, and forecast record annual revenue, sending its shares up as much as 4 percent. The country's largest airline said group revenue

Published 13 May, 2019 12:00am

Qantas flags record annual revenue, growth in leisure, int'l travel

Australia's Qantas Airways Ltd posted on Thursday a small rise in third-quarter revenue as more people travelled for leisure, and forecast record annual revenue, sending its shares up as much as 4 percent. The country's largest airline said group revenue

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

'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

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

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

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

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

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

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

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

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

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

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

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

'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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

'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

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

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

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

Currency	Rate
USD PKR Interbank Selling / Dec 30	278.58
USD PKR Interbank Buying / Dec 30	278.43
USD to Japanese Yen / Dec 31	156.20
USD to Swiss Franc / Dec 31	0.90
Pound Sterling to USD / Dec 31	1.26
Euro to USD / Dec 31	1.04

Stock	Volume
S&P 500 / Dec 30	5,906.94
Tokyo Nikkei / Dec 30	39,894.54
Nasdaq / Dec 30	19,486.79
FTSE 100 / Dec 30	8,121.01
Dow Jones / Dec 30	42,573.73
Germany DAX 30 / Dec 30	19,909.14
France CAC40 / Dec 30	7,313.56
India Sensex / Dec 31	78,017.14

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 30	17,785
Gold 10 Grams PKR / Dec 30	241,430.80
Petrol/Litre / Dec 31	252.10
Crude Oil USD/Barrel / Dec 31	71.59
Gold Spot USD/Ounce / Dec 31	2,605.88
Diesel/Litre / Dec 31	255.38

Stock	Price
Gulshan Sp. / Dec 31 Gulshan Spinning Mills Limited(GSPM)	4.63 ▲ 0.63 (15.75%)
Hira Textile / Dec 31 Hira Textile Mills Limited(HIRAT)	3.76 ▲ 0.46 (13.94%)
Pak Int.Bulk / Dec 31 Pakistan International Bulk Terminal(PIBTL)	9.38 ▲ 1.00 (11.93%)
LSE Financial Serv. / Dec 31 LSE Financial Services Limited(LSEFSL)	15.70 ▲ 1.43 (10.02%)
Ali Asghar / Dec 31 Ali Asghar Textile Mills Limited(AATM)	65.45 ▲ 5.95 (10.00%)
Chakwal Spinning / Dec 31 Chakwal Spinning Mills Limited(CWSM)	64.67 ▲ 5.88 (10.00%)
Liven Pharma / Dec 31 Liven Pharma Limited(LIVEN)	150.54 ▲ 13.69 (10.00%)
Pak Paper Prod / Dec 31 Pakistan Paper Products Limited(PPP)	149.90 ▲ 13.63 (10.00%)
Suhail Jute / Dec 31 Suhail Jute Mills Limited(SUHJ)	131.86 ▲ 11.99 (10.00%)

Stock	Price
Frontier Ceram / Dec 31 Frontier Ceramics Limited(FRCL)	42.91 ▼ -4.77 (-10.00%)
Khairpur Sug. / Dec 31 Khairpur Sugar Mills Limited(KPUS)	203.82 ▼ -22.64 (-10.00%)
Blue-Ex Ltd / Dec 31 Blue-Ex Limited (GEM)(GEMBLUEX)	43.35 ▼ -4.81 (-9.99%)
Mehmood Tex / Dec 31 Mehmood Textile Mills Limited(MEHT)	600 ▼ -65.37 (-9.82%)
Olympia Mills / Dec 31 Olympia Mills Limited(OML)	36 ▼ -3.89 (-9.75%)
Shahmurad Sugar / Dec 31 Shahmurad Sugar Mills Limited(SHSML)	431.49 ▼ -41.64 (-8.80%)
First Tri-Star Mod. / Dec 31 First Tri-Star Modaraba(FTSM)	13.30 ▼ -1.12 (-7.77%)
JS Investments / Dec 31 JS Investments Limited(JSIL)	22 ▼ -1.71 (-7.21%)
Asia Ins. / Dec 31 Asia Insurance Company Limited(ASIC)	13 ▼ -0.99 (-7.08%)

Stock	Volume
Cnergyico PK / Dec 31 Cnergyico PK Limited(CNERGY)	131,561,753 ▲ 0.48
WorldCall Telecom / Dec 31 Worldcall Telecom Limited(WTL)	111,551,930 ▲ 0.00
B.O.Punjab / Dec 31 The Bank of Punjab(BOP)	84,182,656 ▼ -0.09
Silk Bank Ltd / Dec 31 Silkbank Limited(SILK)	48,777,302 ▼ -0.03
K-Electric Ltd. / Dec 31 K-Electric Limited(KEL)	45,320,218 ▲ 0.09
Pak Elektron / Dec 31 Pak Elektron Limited(PAEL)	36,348,761 ▼ -0.63
Fauji Foods Ltd / Dec 31 Fauji Foods Limited(FFL)	35,913,972 ▲ 0.80
Pak Int.Bulk / Dec 31 Pakistan International Bulk Terminal(PIBTL)	30,677,494 ▲ 1.00
Sui South Gas / Dec 31 Sui Southern Gas Company Limited(SSGC)	30,315,237 ▼ -1.01

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