News Archives for Print - 2019-05-21

Print - 2019-05-21

Minister imposes restriction on inter-provincial movement of wheat

The Food Department Sindh has decided to impose restriction on inter-provincial movement of wheat owning to expected wheat crises and price hike of floor in the province.

Published 21 May, 2019 12:00am

'Kekra-1 well at Indus G-Block doesn't yield desired results'

Pakistan hits another dead hole, as all hopes of finding offshore hydrocarbon reserves seem to have slackened, as Kekra-1 well at Indus G-Block did not yield desired results, as per Special Assistant to the Prime Minister on Petroleum, analysts said.

Published 21 May, 2019 12:00am

Hot, dry weather forecast in most parts of country

Mercury level on Monday surged to 39 degrees Celsius in Lahore, as the Met Office has forecast hot and dry weather for the most parts of the country in the next 24 hours. Highest temperature was recorded in Jacobabad and Rohri as 43 degrees Celsius, each,

Published 21 May, 2019 12:00am

Payment of quality premium to growers: SHC issues notices to Sindh government, PSMA and 38 sugar mills

Sindh High Court (SHC) on Monday issued notices to Sindh Government, Pakistan Sugar Mills Association (PSMA), thirty eight sugar mills of province and others for June 13, 2019 in a constitutional petition and "contempt of court" application for payment of

Published 21 May, 2019 12:00am

SU awards PhD, MPhil degrees to 75 scholars

The Advanced Studies and Research Board (ASRB) of the University of Sindh has approved to award degrees of M Phil and Ph D to 75 scholars who have successfully completed their research in various disciplines. The board in its 133rd meeting after consideri

Published 21 May, 2019 12:00am

Cotton

Weekly cotton review: prices show downward trend

Dollar is on all time high but the prices of cotton shows down ward trend. Satisfactory increases in sowing of cotton. Rains will be beneficial for the crop. Waiting for government's cotton policy.

Published 21 May, 2019 12:00am

Cotton

Weekly cotton review: prices show downward trend

Dollar is on all time high but the prices of cotton shows down ward trend. Satisfactory increases in sowing of cotton. Rains will be beneficial for the crop. Waiting for government's cotton policy.

Published 21 May, 2019 12:00am

Universities to suffer if budgetary cuts implemented: HEC chairman

Chairman Higher Education Commission (HEC) Dr Tariq Banuri has said that universities will suffer if indicated budgetary cuts i.e. Rs93.5 billion against the demand of Rs158.5 are executed.

Published 21 May, 2019 12:00am

MUET's CEAD announces admission policy

The Centre of Excellence in Art and Design (CEAD), Mehran University of Engineering and Technology (MUET) Jamshoro has announced the new admission policy for academic year 2019-20.

Published 21 May, 2019 12:00am

Transfers, postings in KMC

Transfers and postings of officers have been made in the Karachi Metropolitan Corporation (KMC) with immediate effect on administrative ground.

Published 21 May, 2019 12:00am

Suri for following austerity in constructions at Parliament Lodges

Deputy Speaker National Assembly Qasim Khan Suri has said that principles of austerity should be followed in construction activities at the Parliament Lodges, keeping in view the maximum value of public money.

Published 21 May, 2019 12:00am

NEC rejects government's decision to abolish 9th class board exam

The National Education Council (NEC) of Pakistan has categorically rejected the government decision to abolish the 9th class board examination and introduce board assessment exam of 8th class from next academic year and asked the government to immediate t

Published 21 May, 2019 12:00am

Mutual Funds

SECP launches awareness video series

The Securities and Exchange Commission of Pakistan (SECP) has launched its first investor awareness video series, based on seven themes: capital market, commodities market, Islamic finance, insurance, mutual funds, anti-money laundering/CFT and company in

Published 21 May, 2019 12:00am

Qureshi, Kuwaiti leader hold wide-ranging discussions

Foreign Minister Makhdoom Shah Mahmood Qureshi undertook an official visit to the State of Kuwait on 18-19 May 2019 and held wide-ranging discussions with the Kuwaiti leadership on matters of mutual interest.

Published 21 May, 2019 12:00am

KE's transmission enhancement project in progress on fast-track basis

K-Electric's USD 460m, TP-1000, transmission enhancement project is in progress on fast-track basis in different parts of the city. Completion of this project will enable K-Electric to transmit additional 800 MW through a total of additional seven new gri

Published 21 May, 2019 12:00am

Around 62MAF water wasted every year, NA body told

The Ministry of Water Resources on Monday revealed that up to 62 million acre feet (MAF) water is wasted every year starting from rivers to the fields. These figurers were shared with the National Assembly Standing Committee on Water Resources presided ov

Published 21 May, 2019 12:00am

Energy generation; EU for transparency, competitive playing field

Deputy Head of Mission of the European Union to Pakistan Anne Marchal has said that the EU and its private sector are committed to do more, if there is full transparency and a competitive playing field, to look at energy generation as an opportunity to en

Published 21 May, 2019 12:00am

Partly Facetious: The Iftar opportunity

"I am truly baffled."

Published 21 May, 2019 12:00am

APBF voices conern over rising inflation

The All Pakistan Business Forum has said that the most serious threat to the economy in the new fiscal year would be constantly rising inflation, as the consumer prices influenced by faster rupee depreciation and rise in energy prices have increased to th

Published 21 May, 2019 12:00am

Buzdar, interior minister discuss steps to improve security situation

Interior Minister Brig Ejaz Shah (retd) called on Punjab Chief Minister Sardar Usman Buzdar, here on Monday and discussed matters of mutual interest including law and order situation and steps for further improving the security situation in the province.

Published 21 May, 2019 12:00am

1.44 million people die of hepatitis C in country: study

In Pakistan, almost 1.44 million people die of hepatitis C (HCV) infection and 48 percent of them are younger than 50 years, disclosed a study carried out by the Pakistani medical experts based in America. As per the authors of the study Dr Fasiha Kanwal

Published 21 May, 2019 12:00am

GE announces scholarship award winner from Pakistan

GE Renewable Energy - Hydro Solutions, recently announced the scholarship award winner from Pakistan. Hissam Karim, who is a student of National University of Sciences & Technology (NUST) obtained a fully funded 'Master in Hydraulic and Civil Engineering'

Published 21 May, 2019 12:00am

Opposition alliance to last only for few days: CM

Terming the opposition alliance an unnatural association, Punjab Chief Minister Sardar Usman Buzdar in a meeting with Minister for Information and Culture Syed Sumsam Bukhari on Monday said that this alliance will last only for a few days and will come to

Published 21 May, 2019 12:00am

Doctors announce two-day break in strike, open OPD

Doctors on Monday announced a two-day interval in their strike at the Lady Reading Hospital. Doctors have been protesting in government hospitals across Khyber Pakhtunkhwa after associate professor Dr Ziauddin blamed Provincial Health Minister, Hisham Ina

Published 21 May, 2019 12:00am

PFA for discarding all frozen meat within a week

The Punjab Food Authority (PFA) has directed officials to submit a report of stocks and discarding of all frozen meat by the companies within a week.

Published 21 May, 2019 12:00am

Exchange

A aggressive crackdown against dollar mafia urged

Founder Chairman Pak-US Business Council and Chairman United Business Group at the FPCCI Iftikhar Ali Malik on Monday vehemently demanded result oriented aggressive crackdown against the dollar mafia in Pakistan which is playing havoc with the economy of

Published 21 May, 2019 12:00am

STOAP lauds Shabbar Zaidi as Chairman FBR

The newly-formed Sales Tax Officers Association of Pakistan (STOAP) welcomed and congratulated Shabbar Zaidi as Chairman FBR. The meeting of the Central Executive Committee (CEC) of STOAP was held here the other day where Mian Muhammad Nasim was appointed

Published 21 May, 2019 12:00am

German group ALBA calls on Punjab minister

Representatives of German Group ALBA called on Punjab Industry and Trade Minister Mian Aslam Iqbal on Monday and matters regarding generation of electricity from the waste came under discussion.

Published 21 May, 2019 12:00am

Exchange

China Pakistan FTA Phase II: Commerce secretary meets Faisalabad business community

Secretary Commerce, Sardar Ahmad Nawaz Sukhera, held consultations with the business community in Faisalabad on the recently concluded Phase II of Pakistan China FTA, on export growth with the trade associations and discussed the industrial infrastructure

Published 21 May, 2019 12:00am

Exchange

Foreign currency bank accounts: non-resident individuals not required to be filers, FTO told

The Federal Board of Revenue (FBR) and State Bank of Pakistan (SBP) have conveyed to the Federal Tax Ombudsman (FTO) that non-resident individuals are not required to be "filers" for opening foreign currency bank accounts in Pakistan. This has been declar

Published 21 May, 2019 12:00am

Moon-sighting mobile App forwarded to CII: Fawad

Federal Minister for Science and Technology Fawad Chaudhry has said that his ministry has prepared lunar calendar and the moon-sighting App. In his message here on Monday, Fawad Chaudhry said, "Lunar calendar and moon-sighting mobile App have been forward

Published 21 May, 2019 12:00am

Bangladesh government halts visa issuance to Pakistanis

The diplomatic relations between Pakistan and Bangladesh have gone further low, as the government of Sheikh Hasina halted visa issuance to Pakistani nationals amid rising diplomatic tensions. Diplomatic sources said that for the last one week, the visa se

Published 21 May, 2019 12:00am

Cricketer Asif Ali's daughter dies after cancer battle

Pakistan batsman Asif Ali was included in the final 15-man World Cup squad, selectors said Monday, one day after the death of his 18-month-old daughter Noor Fatima was announced. Chief selector Inzamam-ul-Haq said Asif would return to Pakistan from a tour

Published 21 May, 2019 12:00am

CPPA seeks increase in power tariff

The Central Power Purchasing Agency (CPPA) has sought paisa 57 per unit increase for April 2019 under monthly fuel price adjustment mechanism. The National Electric Power Regulatory Authority ( Nepra) will hear the petition to approve increase in the ligh

Published 21 May, 2019 12:00am

Missing persons' issue creating crisis-like situation: Bilawal

The National Assembly Standing Committee on Human Rights on Monday expressed concerns over the issue of missing persons, as its chairman Bilawal Bhutto Zardari said the issue is 'creating a crisis-like situation in the country.' The committee was chaired

Published 21 May, 2019 12:00am

Qureshi to lead Pakistan team in SCO-CFM moot

Foreign Minister Shah Mehmood Qureshi will lead Pakistan's delegation in the SCO Council of Foreign Ministers' Meeting (SCO-CFM) being held in Bishkek, Kyrgyz Republic, on May 21-22, 2019, Foreign Office said. In a statement, the Foreign Office said that

Published 21 May, 2019 12:00am

No plans yet to appoint NSA

The government seems to have no plan to fill in the slot of National Security Adviser (NSA), which has been lying vacant since Pakistan Tehreek-e-Insaf (PTI) came to power in mid-August after general election 2018. An official source said that the governm

Published 21 May, 2019 12:00am

Mutual Funds

Aisha Steel Mills Limited

Steel is the mother of all industries. The two categories of steel being manufactured in Pakistan are long and flat rolled steel products. Whereas long products are primarily used in construction and infrastructural development, flat products have wide ra

Published 21 May, 2019 12:00am

Mutual Funds

Aisha Steel Mills Limited

Published 21 May, 2019 12:00am

Rs 578.88 billion released under PSDP

The Pakistan Tehreek-e-Insaf (PTI) government has released Rs 578.88 billion (85.76 percent) including Rs 186.2 billion foreign aid for different development projects under Public Sector Development Programme (PSDP) 2018-19 against total budgeted allocati

Published 21 May, 2019 12:00am

Appointment of FBR chief: Petitioner asked to satisfy court over maintainability of petition

The Islamabad High Court (IHC) directed the petitioner to satisfy over maintainability of his application challenging the appointment of Syed Shabbar Zaidi as chairman Federal Board of Revenue (FBR). A single-member bench of IHC comprising Justice Miangul

Published 21 May, 2019 12:00am

US MIDDAY: gold steadies

Gold steadied on Monday after recovering slightly from a more than two-week low hit earlier in the session, as equity markets fell ahead of the US Federal Reserve's release of minutes from its last meeting. Spot gold was unchanged at $1,276.94 per ounce a

Published 21 May, 2019 12:00am

US MIDDAY: corn climbs

US corn futures climbed for a sixth straight session on Monday and touched their highest level in nearly a year as rainy Midwest weather and waterlogged fields stoked concerns about reduced plantings and lower yields for the crop. Wheat jumped to a three-

Published 21 May, 2019 12:00am

Exchange

Gold dips in Europe

Gold fell to a more than two-week low on Monday as investors preferred the safety of the dollar, with the currency underpinned by robust economic reports out of the United States, even as geopolitical risks and trade tensions persist. Spot gold was steady

Published 21 May, 2019 12:00am

Exchange

Gold hits two-week low in Asia

Gold prices fell to a more than two-week trough on Monday as strong US economic data underpinned the dollar, boosting its safe-haven status over gold amid political and trade tensions. Spot gold was broadly unchanged at $1,276.83 per ounce as of 0731 GMT,

Published 21 May, 2019 12:00am

Currency

Raw sugar rises from 7-1/2 months low; cocoa, coffee up

Raw sugar futures on ICE rose on Monday on speculative short-covering and a slightly firmer Brazilian real after falling to a 7-1/2-month low in the previous session; while cocoa and coffee prices also rose. July raw sugar settled up 0.07 cent, or 0.6%, a

Published 21 May, 2019 12:00am

EU monitor lifts wheat yield outlook, trims rapeseed

Yield prospects have improved for EU wheat and other cereals but have eroded for rapeseed, the European Union's crop monitoring service said as it factored in contrasting levels of rainfall last month. In a monthly report released on Monday, the MARS serv

Published 21 May, 2019 12:00am

Exchange

Tokyo rubber dips

Tokyo Commodity Exchange (TOCOM) futures dipped more than 1% on Monday, tracking weaker Shanghai futures, amid fears over intensifying Sino-US trade war. The benchmark TOCOM rubber contract for October delivery finished 2.3 yen, or 1.2%, lower at 190.5 ye

Published 21 May, 2019 12:00am

France sees bigger maize area

French farmers are expected to sow more maize in 2019, ending several years of decline as the crop benefits from a sharp drop in sowings of rapeseed and sugar beet, the farm ministry said on Tuesday. In its first estimate of the country's 2019 grain maize

Published 21 May, 2019 12:00am

Oil touches multi-week highs as OPEC signals it may extend cuts

Oil prices on Monday rose to multi-week highs before easing later in the session as OPEC indicated it was likely to maintain production cuts that have helped boost prices this year, while escalating Middle East tensions provided further support. US West T

Published 21 May, 2019 12:00am

Exchange

Zinc slides to four-month low as China supplies ramp up

Zinc prices hit four-month lows on Monday as investors fretted about rising supplies from top producer China, while industrial metals overall came under pressure from trade tensions between the United States and China. Benchmark zinc on the London Metal E

Published 21 May, 2019 12:00am

Cotton

Cotton futures settle 3 percent higher on wet weather woes

Cotton prices settled about 3% higher on Monday as unfavourable weather prompted planting delays and concerns about lower crop yields, with the backdrop of a bitter US-China trade spat. Cotton contracts for July settled up 1.92 cent, or about 3%, at 67.91

Published 21 May, 2019 12:00am

Exchange

LME dismisses Glencore complaint over access to metal in Malaysia

The London Metal Exchange (LME) has dismissd a complaint from miner and commodity trader Glencore over its inability to take fast delivery of aluminium from warehouses owned by ISTIM UK in Port Klang, Malaysia, two sources familiar with the matter said on

Published 21 May, 2019 12:00am

Milkshakes become weapon of choice in UK European campaign

The lowly milkshake has turned into an unlikely weapon of choice for Britons determined to make a splashy statement against the rise of the Brexit-backing populist right. Former UK Independence Party (UKIP) leader Nigel Farage became the latest political

Published 21 May, 2019 12:00am

French drug smuggler sentenced to death in Indonesia

Indonesia on Monday sentenced a French drug smuggler to death by firing squad, in a shock verdict after prosecutors had asked for a long prison term. The three-judge panel in Lombok handed a capital sentence to Felix Dorfin, 35, who was arrested in Septem

Published 21 May, 2019 12:00am

Far-right Austrian interior minister fired: chancellor

Austria's hardline Interior Minister Herbert Kickl has been fired, Chancellor Sebastian Kurz told a press conference on Monday, in the wake of a corruption scandal that has engulfed the far-right Freedom Party (FPOe). The sacking follows the resignation o

Published 21 May, 2019 12:00am

Deutsche says money-laundering reports not waived for Trump

Germany's largest lender Deutsche Bank failed to forward suspicions about transactions involving US President Donald Trump to American authorities, The New York Times reported, prompting the firm to issue a denial Monday. "At no time was an investigator p

Published 21 May, 2019 12:00am

Mass movement: scientists adopt new kilogram definition

How we measure the world underwent a quantum leap on Monday as scientists adopted new hyper-accurate definitions for units of weight, electricity and temperature derived from the universal laws of Nature. The change, on the occasion of World Metrology Day

Published 21 May, 2019 12:00am

Trump attacks Fox News in latest sign of strain

President Donald Trump criticized Fox News again Sunday in the latest hint that he is souring on what has been his favorite and most faithful news outlet. As part of a flurry of afternoon tweets, Trump took the conservative network to task for interviewin

Published 21 May, 2019 12:00am

First-ever set of sextuplets born in Poland

A woman has given birth to Poland's first sextuplets with each newborn weighing about one kilogram (2.2 pounds), physicians at the University Hospital in the city of Krakow announced on Monday. "This is the first birth of sextuplets in Poland and one of t

Published 21 May, 2019 12:00am

BP HQ blockaded by Greenpeace stunt

Greenpeace activists blocked the entrances to BP's global headquarters in London Monday to convince the British energy giant to halt oil and gas exploration. The environmental organisation encased activists in five heavy containers that were manoeuvred in

Published 21 May, 2019 12:00am

UN warns aid to Yemen could be suspended

The UN's World Food Programme has warned that aid could be suspended to areas of Yemen under the control of Huthi rebels unless they abide by accords aimed at ensuring that supplies are not diverted. "If the beneficiary targeting and biometric exercise is

Published 21 May, 2019 12:00am

Pressure at top Russian daily triggers mass walkout

The entire politics desk of one of Russia's top daily newspapers, Kommersant, quit on Monday in protest over censorship after two veteran reporters were fired. The walkout at the newspaper controlled by pro-Kremlin tycoon Alisher Usmanov is a rare protest

Published 21 May, 2019 12:00am

Russia air strikes kill 10 civilians in northwest Syria

Air strikes by Syrian regime ally Russia have killed 10 civilians including five children in a northwestern jihadist bastion, a monitor said Monday, hours after Moscow announced a ceasefire there. The Russian army said the air raids overnight on the town

Published 21 May, 2019 12:00am

Thirty-two dead in Tajikistan prison riot

At least 32 people were killed in a prison riot in Tajikistan, including 19 members of the Islamic State jihadist group and three guards, authorities said Monday. Five inmates and the three guards were initially killed by prisoners in the violence that er

Published 21 May, 2019 12:00am

Currency

Australian dollar gets election lift

The Australian dollar firmed on Monday in the wake of a surprise election victory by the country's conservative government, although the gains were pared in the face of Sino-US trade tensions and bets for a local rate cut. The Aussie dollar was last at $0

Published 21 May, 2019 12:00am

Czechs again put euro-denominated bonds among June offer

The Czech Finance Ministry will offer up to 11.5 billion crowns ($498.14 million) worth of domestic government bonds in four primary auctions in June along with up to 100 million to 200 million euros worth of domestic euro-denominated state bonds, it said

Published 21 May, 2019 12:00am

Czechs again put euro-denominated bonds among June offer

Published 21 May, 2019 12:00am

Currency

Sterling inches off lows after biggest weekly drop this year

Sterling inched away from its weakest levels since January on Monday as Britain's prime minister made a last-ditch bid to get a Brexit deal through parliament before she leaves office, though scepticism from the opposition Labour Party capped gains. After

Published 21 May, 2019 12:00am

Currency

Latam FX slip, Argentine peso slides

Most Latin American currencies weakened on Monday with Brazil's real giving up early gains and Argentina's peso sliding after a surprise twist in its presidential election. The currencies of Brazil, Colombia and Peru traded between flat to 0.3% lower. Mex

Published 21 May, 2019 12:00am

Exchange

Asian forex: Indian rupee surges, others mixed

The Indian rupee on Monday strengthened over 1 percent after exit polls suggested the country's just-concluded general election will give a fresh mandate to the coalition led by Prime Minister Narendra Modi. Modi is likely to return to power with an even

Published 21 May, 2019 12:00am

Russian rouble surges

The Russian rouble firmed on Monday, buttressed by high oil prices and demand for Russian sovereign bonds which rallied to their highest levels since August 2018. Demand for Russian OFZ treasury bonds is seen as a gauge for global market sentiment towards

Published 21 May, 2019 12:00am

Currency

Dollar up in Europe as market awaits Fed minutes

The dollar held onto last week's gains on Monday as investors waited for Fed minutes that may give more clues on what prompted US policymakers to strike a broadly neutral stance this month. The minutes, due on Wednesday, are expected to give insights into

Published 21 May, 2019 12:00am

Currency

Early trade in New York: dollar little changed

The dollar was little changed on Monday morning but maintained last week's gains as investors held off on big moves while awaiting developments in U.S-China trade negotiations and for insight into the Federal Reserve's thinking on interest-rate policy. Ch

Published 21 May, 2019 12:00am

Currency

Aussie rallies against greenback in Asia

The Australian dollar rallied against the greenback on Monday after a surprise election victory by the country's conservative government, while the yen eased as risk appetite improved slightly. The dollar index against a basket of currencies was a shade h

Published 21 May, 2019 12:00am

South Africa's rand rises

South Africa's rand firmed on Monday after a sharp slide in the previous week as a global sell-off in risk assets slowed, with investors positioning for an event-packed week. Stocks weakened, led by bourse heavyweight and e-commerce group Naspers. At 1510

Published 21 May, 2019 12:00am

Koepka avoids collapse to win PGA for fourth major title

Brooks Koepka held off a late charge from Dustin Johnson to capture his second consecutive PGA Championship on Sunday, completing a wire-to-wire victory for his fourth major title in nerve-wracking fashion. A near-collapse saw Koepka's record seven-stroke

Published 21 May, 2019 12:00am

Simmons to quit as Afghanistan coach after World Cup

Former West Indies all-rounder Phil Simmons will step down as Afghanistan coach after the cricket World Cup, saying his goal had been reached by taking the minnows to the 50-over showpiece. Simmons, who took over in December 2017, said he will not renew h

Published 21 May, 2019 12:00am

Uganda footballers, fans killed in boat capsize

At least eight members of a Ugandan football team and their fans died and 15 more are missing, after a boat they were travelling in capsized on Lake Albert, police said Monday. The boat was travelling between two fishing villages in the west of the countr

Published 21 May, 2019 12:00am

Amir, Wahab, Shadab and Asif back as final Pakistan World Cup team announced

Asif Ali, Mohammad Amir and Wahab Riaz staged a comeback, as Pakistan's final 15-member squad for the ICC Cricket World Cup 2019 was announced on Monday by chief selector Inzamam-ul-Haq. The ICC Men's Cricket World Cup 2019 will be played in England and W

Published 21 May, 2019 12:00am

Paulinho endears himself to Chinese football with anthem sing-along

Paulinho has become the toast of Chinese football after the Brazilian fondly known as "Violent Bird" attempted to sing along in Mandarin to the national anthem before a game. The international midfielder was seen singing some of "March of the Volunteers"

Published 21 May, 2019 12:00am

Japan survive Sudirman scare after Momota gamble backfires

Japan gambled by resting top-ranked Kento Momota and nearly paid the price, suffering a huge scare before battling back to beat Russia 3-2 in their Sudirman Cup opener on Monday. Top-seeded Japan are bidding to win the mixed-team world championships for t

Published 21 May, 2019 12:00am

Uber partners with ICC for World Cup 2019

Following Uber's deal with the International Cricket Council (ICC) to sponsor the upcoming Cricket World Cup (CWC), Uber is providing Pakistani fans an opportunity to win big. Through its ride-to-win and drive-to-win competitions, Uber is providing its ri

Published 21 May, 2019 12:00am

China demand apology for 'very dirty' taekwondo disqualification

China have demanded an apology and called for a life-time ban on a referee who controversially awarded gold to a British competitor at the World Taekwondo Championships. China labelled it "a scandal" and "bizarre" after their Olympic champion Zheng Shuyin

Published 21 May, 2019 12:00am

Kroos pens new Real Madrid deal until 2023

Germany international Toni Kroos has extended his contract with Real Madrid until 2023 ahead of an expected summer overhaul at the club, the Spanish giants said Monday. The 29-year-old midfielder has won 12 titles in five seasons in Spain, lifting the Cha

Published 21 May, 2019 12:00am

Kerb

Pliskova climbs to second in rankings

Karolina Pliskova climbed five places in the WTA rankings on Monday to second after her Italian Open triumph at the weekend, with Naomi Osaka's world number one spot now in the Czech's sights. The 27-year-old saw off Briton Johanna Konta to win her 13th W

Published 21 May, 2019 12:00am

EU firms 'caught in crossfire' of US-China trade war

European firms are "caught in the crossfire" of the US-China trade war and fewer are optimistic about their future in the world's second-largest economy, a business survey showed Monday.

Published 21 May, 2019 12:00am

Exchange

Tata Motors profits fall 47pc amid Jaguar Land Rover China slowdown

Indian carmaker Tata Motors on Monday reported a 47 percent fall in quarterly profits after being hit by new struggles to sell its luxury Jaguar Land Rover cars in China and other key markets. Only increased sales in Britain and the United States helped o

Published 21 May, 2019 12:00am

Ford to cut 7,000 jobs, 10 percent of global salaried staff

Ford plans to cut 7,000 jobs, or 10 percent of its global salaried workforce, as part of a reorganization as it revamps its vehicle offerings, the company said Monday.

Published 21 May, 2019 12:00am

Hundreds of Lebanese protest feared pension cuts

Hundreds of retired Lebanese security personnel protested Monday over feared pension cuts and tried to storm the government's headquarters in Beirut as ministers mulled an austerity budget inside.

Published 21 May, 2019 12:00am

US unlikely to suffer big damages from China trade dispute: Fed

Trade tensions with China need to linger for an extended period to cause real damage to the United States economy, St. Louis Fed President James Bullard said in remarks published on Monday.

Published 21 May, 2019 12:00am

US unlikely to suffer big damages from China trade dispute: Fed

Trade tensions with China need to linger for an extended period to cause real damage to the United States economy, St. Louis Fed President James Bullard said in remarks published on Monday.

Published 21 May, 2019 12:00am

Ryanair sees more turbulence after profit slumps

Irish no-frills airline Ryanair on Monday warned of further profits turbulence after annual earnings slumped almost a third, mainly on cheaper fares triggered by overcapacity in the European short-haul sector.

Published 21 May, 2019 12:00am

Ryanair sees more turbulence after profit slumps

Published 21 May, 2019 12:00am

Palestinians to shun US-led economic conference, prelude to Trump peace plan

Palestinians will stay away from a US-led conference in Bahrain next month that the Trump administration has cast as an overture to its own plan for peace between them and Israel, a Palestinian cabinet minister said on Monday.

Published 21 May, 2019 12:00am

Exchange

Turkey imposes settlement delay on FX purchases more than $100,000

Turkey's BDDK banking watchdog on Monday imposed a settlement delay for FX purchases by individuals of more than $100,000, a move that could raise concerns about capital control in the country as it looks protect the value of its local currency.

Published 21 May, 2019 12:00am

Exchange

Japan's economy shows better-than-expected growth

Japanese GDP expanded a better-than-expected 0.5 percent in the first quarter of this year, official data showed Monday, although analysts cautioned that the world's third-largest economy was still facing headwinds.

Published 21 May, 2019 12:00am

Trade jitters drag UK shares, turbulence hits Ryanair

Britain's main share index slipped again on Monday as worries over international trade increased on the back of US curbs on China's Huawei, while weak results from Ryanair triggered a sell-off in airlines across the board. The FTSE 100 gave up 0.5% and th

Published 21 May, 2019 12:00am

Australian shares at 11-year peak

Australian banking, property and private health insurers helped propel the broader sharemarket to an 11-year high on Monday as investors cheered the conservative coalition parties' surprise election victory over the weekend. The benchmark S&P/ASX 200 inde

Published 21 May, 2019 12:00am

European stocks fall on worries about Huawei fallout

European stocks recorded broad-based losses on Monday, as a US crackdown on China's Huawei Technologies rekindled concerns about worsening global trade and wilted the continent's trade-exposed tech and auto stocks. Global risk appetite was jolted after Re

Published 21 May, 2019 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 7	280.17
USD PKR Interbank Buying / Mar 7	279.97
USD to Japanese Yen / Mar 7	148.06
USD to Swiss Franc / Mar 7	0.88
Pound Sterling to USD / Mar 7	1.29
Euro to USD / Mar 7	1.08
UK LIBOR % / Mar 6	4.96

Stock	Volume
S&P 500 / Mar 7	5,746.85
India Sensex / Mar 7	74,332.58
Tokyo Nikkei / Mar 7	36,887.17
Nasdaq / Mar 7	18,211.25
Hang Seng / Mar 7	24,231.30
FTSE 100 / Mar 7	8,679.88
Dow Jones / Mar 7	42,829.44
Germany DAX 30 / Mar 7	23,008.94
France CAC40 / Mar 7	8,120.80

Item	Value
Crude Oil USD/Barrel / Mar 7	67.03
Karachi Cotton PKR/37.32 KG / Mar 7	17,585
Gold 10 Grams PKR / Mar 7	263,203
Gold Spot USD/Ounce / Mar 7	2,916.80
Cotton US¢/pound / Mar 7	66.07
Petrol/Litre / Mar 9	255.63
Diesel/Litre / Mar 9	258.64

Gainers
Losers
Leaders

Stock	Price
Premier Insurance / Mar 7 Premier Insurance Limited(PINL)	5.49 ▲ 0.61 (12.5%)
Tariq Corp.Pref. / Mar 7 Tariq Corporation Limited-Preference Shares(TCORPCPS)	8.42 ▲ 0.92 (12.27%)
At-Tahur Ltd. / Mar 7 At-Tahur Limited(PREMA)	29.23 ▲ 2.66 (10.01%)
Ahmad Hassan / Mar 7 Ahmad Hassan Textile Mills Limited(AHTM)	59.40 ▲ 5.4 (10%)
Pak Datacom / Mar 7 Pak Datacom Limited(PAKD)	99.54 ▲ 9.05 (10%)
Apna Microfin. / Mar 7 Apna Microfinance Bank Limited(AMBL)	11.25 ▲ 1.02 (9.97%)
PIA Holding Co.B / Mar 7 PIA Holding Company Limited B(PIAHCLB)	827 ▲ 74.61 (9.92%)
Engro Poly(Pref / Mar 7 Engro Poly(Pref)(EPCLPS)	12.21 ▲ 1.1 (9.9%)
Masood Textile / Mar 7 Masood Textile Mills Limited(MSOT)	61 ▲ 5.45 (9.81%)
Pak Paper Prod / Mar 7 Pakistan Paper Products Limited(PPP)	183 ▲ 15.42 (9.2%)

Stock	Price
Int. Knit. / Mar 7 International Knitwear Limited(INKL)	17.89 ▼ -1.99 (-10.01%)
Ellcot Spinning / Mar 7 Ellcot Spinning Mills Limited(ELSM)	106.78 ▼ -11.86 (-10%)
Universal Ins. / Mar 7 The Universal Insurance Company Limited(UVIC)	9.01 ▼ -1 (-9.99%)
Unicap Modaraba / Mar 7 Unicap Modaraba(UCAPM)	3.05 ▼ -0.3 (-8.96%)
Power Cem(Pref) / Mar 7 Power Cement (Pref)(POWERPS)	13.15 ▼ -1.29 (-8.93%)
Pak. P.V.C. / Mar 7 Pakistan PVC Limited(PPVC)	8.28 ▼ -0.72 (-8%)
Agritech Limited / Mar 7 Agritech Limited(AGL)	54 ▼ -4.59 (-7.83%)
Invest Bank / Mar 7 Invest Capital Investment Bank Limited(ICIBL)	1.40 ▼ -0.1 (-6.67%)
Hafiz Ltd. / Mar 7 Hafiz Limited(HAFL)	265.06 ▼ -16.62 (-5.9%)
Reliance Cotton / Mar 7 Reliance Cotton Spinning Mills Limited(RCML)	480.36 ▼ -29.01 (-5.7%)

Stock	Volume
Fauji Cement / Mar 7 Fauji Cement Company Limited(FCCL)	57,186,347 ▲ 3.47
Pak Int.Bulk / Mar 7 Pakistan International Bulk Terminal(PIBTL)	48,305,211 ▼ -0.16
Sui South Gas / Mar 7 Sui Southern Gas Company Limited(SSGC)	23,565,729 ▲ 1.42
WorldCall Telecom / Mar 7 Worldcall Telecom Limited(WTL)	22,575,994 ▼ -0.01
Maple Leaf Cement / Mar 7 Maple Leaf Cement Factory Limited(MLCF)	22,361,248 ▲ 2.07
Oil & Gas Dev. / Mar 7 Oil & Gas Development Company Limited(OGDC)	18,047,822 ▲ 0.84
Pak Petroleum / Mar 7 Pakistan Petroleum Limited(PPL)	16,644,912 ▲ 2.4
At-Tahur Ltd. / Mar 7 At-Tahur Limited(PREMA)	14,546,590 ▲ 2.66
B.O.Punjab / Mar 7 The Bank of Punjab(BOP)	13,546,949 ▲ 0.1
P.S.O. / Mar 7 Pakistan State Oil Company Limited(PSO)	12,439,221 ▲ 24.96

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