News Archives for Print - 2019-05-25

Print - 2019-05-25

Southeast Asian stocks: Manila falls; Jakarta gains

Philippine shares declined on Friday on fears that trade tensions between China and the United States could balloon into a deeper strategic dispute, while Indonesian stocks posted their biggest weekly gain since July 2018. US President Donald Trump said o

Published 25 May, 2019 12:00am

UK stocks shrug off May's exit, but Brexit risk lurks

Britain's FTSE 100 held its gains on Friday after Prime Minister Theresa May announced her resignation date as head of her party in a widely expected move that nevertheless raises the prospect of a successor likely to seek a more hardline Brexit deal. The

Published 25 May, 2019 12:00am

Weak US manufacturing underscores slowing economic growth

New orders for US-made capital goods fell more than expected in April, further evidence that the economy was slowing after a growth spurt in the first quarter that was driven by exports and a buildup of inventories. The report from the Commerce Department

Published 25 May, 2019 12:00am

Currency

Turkey to boost exports with another $4.9 billion package

Turkey's state banks will provide a 30-billion lira ($4.9 billion) financing package to help bail out some exporting sectors such as manufacturing that were hit hard by last year's currency crisis, Finance Minister Berat Albayrak said on Thursday. Three b

Published 25 May, 2019 12:00am

Japan's key inflation gauge hits three-year high

An inflation gauge closely watched by the Bank of Japan accelerated at its fastest pace in almost three years as some retailers passed on rising costs to households, a positive sign for the central bank as it seeks to stoke consumer prices. But the big pa

Published 25 May, 2019 12:00am

UK shoppers pause in April after surge in spending

British shoppers paused in April after three months of strong buying, according to official data that showed continued underlying strength in consumer spending even as the Brexit political crisis unfolded. Monthly retail sales volumes were flat last month

Published 25 May, 2019 12:00am

Exchange

China slams US 'lies' about Huawei's government ties

China ramped up a war of words with the United States over Huawei on Friday, accusing Washington of spreading "lies" about the telecom giant thrust to the centre of their trade war. The fiery response came hours after US Secretary of State Mike Pompeo rej

Published 25 May, 2019 12:00am

Poland files complaint with EU court over copyright reform

Poland on Friday lodged a complaint with a top European Union court over a controversial copyright reform adopted last month, the deputy foreign minister said just days before European elections. Under the changes, European law now holds platforms legally

Published 25 May, 2019 12:00am

Kerb

Facebook plans cryptocurrency launch next year: BBC

Facebook has been in contact with US and British financial regulators with a view to launching its own cryptocurrency next year, the BBC reported on Friday. "GlobalCoin" would work with a new digital payments system in about a dozen countries, starting in

Published 25 May, 2019 12:00am

One year on, EU's GDPR sets global standard for data protection

The EU's strict data laws have set the global benchmark for protecting personal information online since coming into force a year ago, but some worry that many users have barely noticed the change. The "General Data Protection Regulation" (GDPR), launched

Published 25 May, 2019 12:00am

Bahria Cup's Floodlit Tape Ball Cricket final today

Zain-XI and Haq Bahoo-XI moved into the final of the 5th Bahria Cup All Pakistan Floodlit Tape Ball Cricket Tournament after winning their respective semi-finals here on Friday at Bahira Town stadium. Zain XI defeated Kazmi XI by 6 wickets in the first se

Published 25 May, 2019 12:00am

Doping cheat Armstrong says he 'wouldn't change a thing'

Disgraced former American cyclist Lance Armstrong says he wouldn't change a thing about the reign of doping that led to him being stripped of his record seven Tour de France titles. All of Armstrong's titles between 1999 and 2005 were vacated by the Inter

Published 25 May, 2019 12:00am

Sangakkara laments Sri Lanka's 'chaotic' build-up to World Cup

Kumar Sangakkara hopes Sri Lanka can somehow overcome their "chaotic" build-up to the World Cup thanks to new captain Dimuth Karunaratne's "lack of baggage". The 1996 champions head into this year's edition in England, which starts next week, having lost

Published 25 May, 2019 12:00am

Ramazan Floodlight Volleyball: Pashtoon Garri, Farooq Club into final

Pashtoon Garri and Farooq Club entered into the final of the Ramazan Floodlight Volleyball Championship being played here at Taru Jabba ground on Friday. The final will be played on Saturday with Director General Sports Asfandiyar Khan Khattak will grace

Published 25 May, 2019 12:00am

Uzair, Kamran move into Nazim Peshawar Tennis semis

International Kashan Umar, Hamza Roman, Uzair Khan and Kamran Khan took berth into the semi-final of the Under-14 category part of the ongoing Nazim Peshawar Floodlight Tennis Championship being played here at Synthetic Courts on Friday. In the first quar

Published 25 May, 2019 12:00am

ICC warns off 'corruptors' from Cricket World Cup

The head of the International Cricket Council's anti-corruption unit said Friday he had been in direct contact with around 12 "corruptors" to warn them off the World Cup. Match fixing or spot fixing, where gamblers try to influence specific incidents in a

Published 25 May, 2019 12:00am

'Happy' Halep feeling less pressure at French Open

Reigning champion Simona Halep on Friday said that the pressure was off ahead of the start of her French Open title defence after ending her long wait for a Grand Slam trophy 12 months ago. The Romanian beat Sloane Stephens in Paris last year to clinch he

Published 25 May, 2019 12:00am

Djokovic confident of historic second Slam sweep

Novak Djokovic believes that his 2016 achievement of holding all four Grand Slam titles at the same time is the perfect playbook for a repeat performance at Roland Garros as he tries to become just the second man to complete the feat. The world number one

Published 25 May, 2019 12:00am

Singapore youngsters set 'indoor skydive' record

Children with special needs set a world record in Singapore Friday by performing hundreds of "indoor skydives" in a massive wind tunnel. Scores of youngsters and their teachers did simulated, tandem skydives under the guidance of instructors, floating up

Published 25 May, 2019 12:00am

Lippi back as China coach, four months after leaving

Marcello Lippi was back as coach of China on Friday, four months after the World Cup winner quit and following a failed stint by fellow Italian Fabio Cannavaro. The 71-year-old's return was broadly welcomed by fans and local media, who are desperate to se

Published 25 May, 2019 12:00am

Currency

Pound set to snap record losing streak after PM May resigns

The pound rose on Friday and was set to snap a record losing streak against the euro after British Prime Minister Theresa May set out a departure date after failing to push through a Brexit divorce deal. Trading was volatile as concerns rose that she is l

Published 25 May, 2019 12:00am

Currency

Dollar slips from two-year highs in Europe

The dollar edged away from two-year highs on Friday after weak US manufacturing activity data sparked worries that the trade conflict with China may hurt the world's largest economy and affect the currency's safe-haven status.

Published 25 May, 2019 12:00am

Currency

Early trade in New York: dollar fall from two-year high

The dollar fell on Friday from a two-year high after orders for US-made capital goods fell, further evidence that manufacturing and the broader economy are slowing, due in part to the trade conflict with China. The weaker-than-expected data, a closely wat

Published 25 May, 2019 12:00am

Currency

Dollar retreats in New York on rising expectations of a rate cut

The US dollar retreated after hitting its highest level in two years as weaker domestic data and the threat of economic fallout from the trade war with China increased expectations for an interest-rate cut this year. Against a basket of six rivals, the do

Published 25 May, 2019 12:00am

Currency

Dollar moves back from two-year high in Asia

The dollar was on track on Friday to post a small weekly loss after coming off two-year highs on lower US yields as investors feared the Sino-US trade dispute will hurt the US economy more than previously thought. Another factor keeping the greenback down

Published 25 May, 2019 12:00am

Exchange

Asian forex: Indian rupee set for weekly gain

The Indian rupee strengthened on Friday and is set for its first weekly gain in three after Prime Minister Narendra Modi's ruling coalition scored a massive election win and supported by a decline in the crude oil price. The weaker oil prices helped curre

Published 25 May, 2019 12:00am

Aussie stumbles, yields at record low

The Australian dollar fell and bond yields slipped to all-time lows on Friday after Westpac predicted rates will be cut three times this year, more than the market's view for two easings. Going against the tide, Westpac Banking Corp chief economist Bill E

Published 25 May, 2019 12:00am

Taiwan holds first gay marriages in historic day for Asia

Taiwan made history on Friday with Asia's first legal gay weddings as same-sex couples tied the knot in jubilant and emotional scenes, the culmination of a three-decade fight for equality. The weddings, which came a week after lawmakers took the unprecede

Published 25 May, 2019 12:00am

At Cannes, stars raise over $15 million for AIDS research

Stars of the movies and the music world raised more than $15 million for AIDS research at Cannes film festival's most glamorous party, organisers said on Friday. After 10 days of uncharactistically bad weather, the sun finally put in an appearance at the

Published 25 May, 2019 12:00am

Sudan general vows to back Saudi Arabia against Iran 'threats'

A top Sudanese general vowed to back regional ally Saudi Arabia against "all threats and attacks" from Iran during talks with the kingdom's crown prince, Sudan's military council said Friday. General Mohamed Hamdan Dagalo, the deputy chief of Sudan's tran

Published 25 May, 2019 12:00am

Over dozen wounded in France bomb 'attack'

President Emmanuel Macron called a package blast on a pedestrian street in the heart of France's city of Lyon on Friday an "attack" after the device wounded more than a dozen people just two days ahead of the country's hotly contested European Parliament

Published 25 May, 2019 12:00am

Global community pledges $363 million to combat sexual violence

The international community on Friday pledged $363 million (324 million euros) to combat sexual and gender-based violence in humanitarian crises, a worldwide scourge affecting millions. At the close of a conference on the subject in the Norwegian capital,

Published 25 May, 2019 12:00am

Trump, Pelosi trade barbs as impeachment talk stirs anger

Democratic congressional leader Nancy Pelosi says Donald Trump is angry that her party is not rushing to impeach him, as the relationship between the rivals reaches new lows. Thursday was the second straight day of a very public war of words between Trump

Published 25 May, 2019 12:00am

Four more deaths on traffic-jammed Everest

A traffic jam of climbers in the Everest "death zone" was blamed for two of four new deaths reported Friday, heightening concerns that the drive for profits is trumping safety on the world's highest peak. Nepal has issued a record 381 permits costing $11,

Published 25 May, 2019 12:00am

Popular TV imam killed in bomb blast at Kabul mosque

A blast at a Kabul mosque during Friday prayers killed two people, including a prominent Afghan religious scholar, and injured 16 others, officials said. The bomb at Al-Taqwa mosque in the east of the capital appeared to target Mawlawi Raihan, an imam who

Published 25 May, 2019 12:00am

At least 19 students die in India fire

At least 19 students - most of them female - died Friday in a fire at an Indian building housing a college, officials said, as images showed people jumping to escape the blaze. "The students lost their life both because of the fire and jumping out of the

Published 25 May, 2019 12:00am

Thai king opens first parliament since 2014 coup

Thailand's king opened parliament Friday five years after a 2014 coup, stressing the importance of "national security" and "people's well-being" as the junta moves within striking distance of cementing its grip on power. Results of the March 24 poll were

Published 25 May, 2019 12:00am

Youths rally across Europe in pre-vote climate protest

Hundreds of thousands of young climate activists rallied across Europe Friday ahead of EU Parliament elections as part of protests worldwide demanding action against global warming. In Germany alone, wrote the Fridays for Future group on Twitter, "320,000

Published 25 May, 2019 12:00am

Zameen Developments organises ceremony for Zameen Opal

Zameen Developments organized the official groundbreaking ceremony for its first residential project in Lahore, titled Zameen Opal, the other day. The ceremony took place at the project's site on Main Raiwind Road, with Zameen.com CEO Zeeshan Ali Khan doi

Published 25 May, 2019 12:00am

Dr Mahar nominated HEC body member

Professor Dr Rasool Bux Mahar, the Deputy Director Academics and Research at US-Pakistan Center for Advanced Studies in Water (USPCAS-W), Mehran University of Engineering and Technology (MUET) Jamshoro has been nominated as member of National Committee on

Published 25 May, 2019 12:00am

Saarc CCI HQs building to be ready by August: Iftikhar

The headquarters building of the SAARC Chamber of Commerce and Industry (CCI) has entered into final phase of finishing work and likely to be completed by August this year.

Published 25 May, 2019 12:00am

Appointments of Hafeez, Baqir challenged in SC

The appointments of Dr Abdul Hafeez Sheikh as Advisor to Prime Minister on Finance and Dr Reza Baqir as Governor State Bank of Pakistan have been challenged in the apex court.

Published 25 May, 2019 12:00am

SRB restrained from collecting GST from Chinese firm

Sindh High Court (SHC) Friday restrained Sindh Revenue Board (SRB) from collecting sales tax on services from M/s China Ocean Engineering Construction General Bureau (COECG), which is engaged in the contract of Karachi K-2 and K-3 Nuclear Power Plant Inta

Published 25 May, 2019 12:00am

Four newborn die of malnutrition in Tharparkar

Four newborn children died of malnutrition and epidemics in different areas of Tharparkar, health department said on Friday. Among dozens affected of malnutrition and under treatment at Civil Hospital Mithi and Tehsil Hospital Chachro, four newborn childr

Published 25 May, 2019 12:00am

Drive against quacks planned in Sindh

Sindh Health Care Commission and Sindh Health Department have decided to launch a drive against quacks across the province. In this regard, a comprehensive plan has been chalked out in a meeting, jointly chaired by Director General Health Sindh Dr Masood

Published 25 May, 2019 12:00am

US envoy meets Hafeez Shaikh

US Ambassador Paul W Jones, Chargé D' Affaires called on Adviser to the Prime Minister on Finance, Revenue and Economic Affairs, Dr Abdul Hafeez Shaikh. The meeting discussed bilateral ties and underlined the need to further expand the scope of cooperatio

Published 25 May, 2019 12:00am

Substandard cold drinks seized in Kohat

The Khyber Pakhtunkhwa Food Safety Authority (FSA) on Friday seized a vehicle carrying 2000 packs of substandard cold on Indus Highway Kohat. While speaking to the media, Deputy Director Operations FSA, Kamran Khan Yousafzia said that the vehicle was tran

Published 25 May, 2019 12:00am

PAC urged to revisit daily meetings of panel on Ministry of Energy

Secretary Ministry of Energy, Power Division, Irfan Ali on Friday urged the Public Accounts Committee (PAC) to revisit daily meetings of the panel on Ministry of Energy and related departments, saying that the senior officials spend all their time in atte

Published 25 May, 2019 12:00am

Around six percent increase YoY: Country received $8.47 billion foreign aid in July-March: EAD

The country received $8.470 billion foreign assistance during July-March (2018-19) against $7.991 billion during the same period of last fiscal year registering around 6 percent increase. Total foreign loans incurred by the Khan administration do not incl

Published 25 May, 2019 12:00am

Infrastructure projects: PPP, BOT and other modes to be utilised for financing: minister

Federal Minister for Planning, Development and Reform Makhdum Khusro Bakhtyar Friday said that public-private partnership, build-operate-transfer (BOT) and other modes would be utilised for financing infrastructure projects to enhance role of private sect

Published 25 May, 2019 12:00am

CASA-1000 will help meet country's energy needs: Bakhtyar

Federal Minister for Planning, Development & Reform Makhdum Khusro Bakhtyar has said that greater connectivity can stimulate regional economic cooperation. He stated that CASA-1000 will help Pakistan meet its energy needs adding that Pakistan attaches gre

Published 25 May, 2019 12:00am

Fiscal year 2019-20: FBR's revenue collection target to range between Rs 5,300 & Rs 5,400 billion

The revenue collection target of the Federal Board of Revenue (FBR) would range between Rs 5,300 billion to Rs 5,400 billion for 2019-20, depending on the final revenue collection figures for 2018-19.

Published 25 May, 2019 12:00am

SSGC intensifies drive against gas thieves

The Task Force of SSGC's Customer Relations Department carried out an operation against the culprits involved in gas theft in various localities of Karachi. The team undertook a raid in Bismillah Center and vicinity located in Scheme 33) and discovered th

Published 25 May, 2019 12:00am

Exchange

China attaches high importance to President's visit to Pakistan

China attaches high importance to the visit of Vice President Wang Qishan to Pakistan, scheduled to take place from May 26 to 28. A spokesperson of the Chinese Foreign Ministry Lu Kang told reporters here on Friday that the Chinese State leader is visitin

Published 25 May, 2019 12:00am

Bar bodies boycott courts, protest against conviction of Imran Manj

The legal fraternity on Friday boycotts the courts and protested against the conviction of a member Jaranwala bar on charges of injuring a civil judge. A general housing meeting of Lahore High Court Bar Association jointly addressed by representatives of

Published 25 May, 2019 12:00am

Minister vows to take PIA out of financial crisis

Minister for Civil Aviation Ghulam Sarwar Khan Friday said that the government is determined to bring Pakistan International Airlines (PIA) out of financial crisis of Rs 416 billion.

Published 25 May, 2019 12:00am

Exchange

Imports/exports of gold: FTO directs FIA to conduct inquiry against concerned departments, agencies

Federal Tax Ombudsman (FTO) has directed Federal Investigation Agency (FIA) to conduct inquiry against all concerned departments/agencies and initiate criminal proceedings against those found involved in massive misuse of import-cum-export facility in res

Published 25 May, 2019 12:00am

Removal of names from ECL: Maryam, Safdar approaches LHC

Vice President PML-N, Maryam Nawaz and her husband Muhammad Safdar have approached the Lahore High Court against placing their names on Exit Control List (ECL). The petitioner Safdar contended that the court had dismissed his petition as he had failed to

Published 25 May, 2019 12:00am

PKR devaluation badly affecting economy: S M Muneer

Leader of Business community, S M Muneer has emphasized that the State Bank of Pakistan should control rupee value and don't let it free flout. Addressing Iftar dinner hosted by Korangi Association of Trade & Industry (KATI), S M Muneer said that devaluat

Published 25 May, 2019 12:00am

Mayor opens calligraphy exhibition

Mayor Karachi Wasim Akhtar inaugurated the calligraphy and sculpture exhibition of artiste Anjum Ayaz in the Markaz-e-Islami on Thursday. Chairman Parks committee Khurram Farhan, Metropolitan Commissioner Dr Syed Saif-ur-Rehman, Secretary Arts Council of

Published 25 May, 2019 12:00am

Bid to smuggle huge quantity of betel nuts foiled

The Customs Intelligence Sadiqabad on Friday foiled an attempt to smuggle huge quantity of betel nuts to Karachi from Lahore. According to details, credible information was received that some unscrupulous elements were transporting substantial quantity of

Published 25 May, 2019 12:00am

Free medical camp today

Serving Hands Organization and National Bank of Pakistan (NBP) in collaboration with Lyari Development Authority (LDA), Karachi Union of Journalist (KUJ) will organise its Ramazan relief free medical camp on Saturday (today), from 9 am till 4 pm in LDA Sa

Published 25 May, 2019 12:00am

Co-brand credit card: PIA, Askari Bank enter into deal

Pakistan International Airlines (PIA) and Askari Bank Limited Friday signed a Memorandum of Understanding (MoU) for launch of Co-Branded Credit Card (CBCC) where both organizations will be offering their services for the benefit of large number of custome

Published 25 May, 2019 12:00am

Sindh PDWP approves several schemes worth Rs 5.021 billion

Sindh Provincial Development Working Party (PDWP) on Friday approved different schemes worth Rs5.021 billion. These schemes were approved in the meeting of PDWP for current fiscal year 2018-19. Meeting was presided by Chairperson for Planning & Developmen

Published 25 May, 2019 12:00am

Condolence reference held

The condolence reference for renowned botanist late Professor Muzammil Saleem Qureshi was held at Science Block, University of Agriculture, Faisalabad to commemorate his marvellous services for the area of teaching and research.

Published 25 May, 2019 12:00am

Heatwave forecast for Karachi from 25th to 27th

Another spell of heatwave is likely to strike Karachi from May 25 to 27, with a maximum temperature ranging up to 41 degrees Celsius, the Met Office has alerted. The heatwave spell with scorching heat is also expected to grip the city's surrounding areas

Published 25 May, 2019 12:00am

PML-N to stay out of matter concerning NAB chairman

Pakistan Muslim League-Nawaz (PML-N) President, Shahbaz Sharif has said the PML-N would stay out of the recent matter concerning National Accountability Bureau (NAB) Chairman Justice Javed Iqbal (retd). "Our viewpoint on NAB is principled, which is legal

Published 25 May, 2019 12:00am

Many leaders, members of banned outfits held: Sumsam

Provincial Minister for Information and Culture Syed Sumsam Bukhari said in a news conference, here Friday that the Counter Terrorism Department (CTD) has arrested many members and leaders of banned outfits by taking action against them in different citie

Published 25 May, 2019 12:00am

Currency

Need for taking immediate steps to halt free fall of PKR stressed

Pakistan needs to take both immediate and long-term steps to stop the free fall of Rupee as the weak currency is undercutting economic prospects, a Pakistani-American business leader says. Mossadaq Chughtai, who runs enterprises in the United States and P

Published 25 May, 2019 12:00am

Data Darbar incident: Martyrs' heirs get financial assistance cheques

Heirs of the martyrs of Data Darbar blast met with the Punjab Chief Minister Sardar Usman Buzdar at his office here on Friday. Those who called on the Chief Minister included Nazia Bibi widow of Rafaqat Ali of Railway Colony Garhi Shahu, Surraya Begum wid

Published 25 May, 2019 12:00am

Punjab will give Rs 20 million subsidy to Eid bazaars

Provincial Minister for Information and Culture Syed Sumsam Ali Bukhari has said that it has been decided to give two kg sugar per individual consumer in the Ramazan bazaars of the province. Ramazan bazaars will be converting into Eid bazaars from 21st Ra

Published 25 May, 2019 12:00am

Punjab introduces PICIIP in six cities

In major cities of Punjab to resolve the civic problems being faced by the masses Punjab government to spend $600 million and introducing Punjab Intermediate Cities Improvement Investment Programme (PICIIP) in Sahiwal, Sialkot, Sargodha, Rahimyar Khan, Ba

Published 25 May, 2019 12:00am

Youm-e-Ali: over 39,000 cops to perform security duty in Punjab

Additional Inspector General of Police (Operations) Punjab Inam Ghani has said that over 39,255 police officials and volunteers will perform security duty during Yum-e-Ali across Punjab. "Of them, 359 are gazetted officers, 611 inspectors, 1543 sub-inspec

Published 25 May, 2019 12:00am

Exchange

Hoarding of dollar: land mafia, currency players behind PKR devaluation: FCCI chief

Hoarding of dollar for profit by land mafia and currency players is the root cause of depreciation of Pak rupee and government must deal these anti-Pakistan elements with an iron hand, said Faisalabad Chamber of Commerce & Industry (FCCI) president Syed Z

Published 25 May, 2019 12:00am

Zong 4G's 'A New Hope': volunteers spend day with children at SKMCH Lahore

Pakistan's no.1 data network, Zong 4G's 'A New Hope' Volunteers took the responsibility of spending a day with the children undergoing cancer treatment, at the Shaukat Khanum Memorial Cancer Hospital, Lahore.

Published 25 May, 2019 12:00am

Pakistan exposes India's human rights abuses in IHK

Pakistan exposed the systematic violations of international humanitarian law by occupying forces in Jammu and Kashmir and said that India was showing utter disregard for human life by its policies of repression.

Published 25 May, 2019 12:00am

Removal of Shahbaz's name from ECL: NAB approaches SC against LHC Verdict

The National Accountability Bureau (NAB) has approached the apex court against the Lahore High Court (LHC) order to remove former Chief Minister Shahbaz Sharif's name from Exit Control List (ECL). The NAB on Friday filed an appeal under Article 185(3) of

Published 25 May, 2019 12:00am

Exchange

Chinese VP due in Pakistan on May 26

Vice President of the People's Republic of China, Wang Qishan will visit Pakistan from 26-28 May 2019, the Foreign Office said. Vice President Wang Qishan is a member of 13thNational People's Congress of China and Central Foreign Affairs Commission, a key

Published 25 May, 2019 12:00am

Fake accounts case: Nadeem Bhutto sent to jail on judicial remand

The accountability court hearing fake bank accounts case on Friday rejected the National Accountability Bureau's (NAB) request to extend physical remand of Nadeem Bhutto, in-charge of Naudero House Larkana, and sent him to jail on judicial remand.

Published 25 May, 2019 12:00am

Dr Abdul Samad reinstated as KP Museums director

KP government has restored the services of Dr Abdul Samad as Director Archaeology and Museums, Khyber Pakhtunkhwa. A summary moved by Secretary Directorate of Sports, Tourism, Archaeology and Youth Affairs, seeking reinstatement of Dr Abdul Samad as Direc

Published 25 May, 2019 12:00am

Polio drive to begin on June 17 in Dir Lower

A total of 311297 children under five years of age will be vaccinated during upcoming anti-polio campaign in Dir Lower. This was stated during district polio eradication committee meeting held on Friday at the office of deputy commissioner at Balambat wit

Published 25 May, 2019 12:00am

NA condoles death of Sardar Ali Mahar

The National Assembly on Friday unanimously passed a resolution expressing deep grief and sorrow over sad demise of Federal Minister Sardar Ali Mohammad Khan Mahar.

Published 25 May, 2019 12:00am

Senate body chief extends support to Federal Levies Force

Federal Levies Force must be given full support because it plays an important role in the security spectrum of Pakistan. This was stated by Chairman Senate Functional Committee on Problems of Less Developed Areas Senator Usman Khan Kakar. The meeting of t

Published 25 May, 2019 12:00am

Current NA session to continue till May 31

The House Business Advisory Committee of the National Assembly has decided that the current session would continue till May 31, 2019. The House Business Advisory Committee of the National Assembly met at the Parliament House with Speaker Asad Qaiser in th

Published 25 May, 2019 12:00am

FBR chief to meet LCCI officials today

Federal Board of Revenue (FBR) Chairman Shabbar Zaidi will meet officer bearers of Lahore Chamber of Commerce & Industry (LCCI) on Saturday (today) at Lahore. It is learnt that the LCCI will brief FBR Chairman on the budget proposals for 2019-20 and taxat

Published 25 May, 2019 12:00am

FBR chief to meet LCCI officials today

Published 25 May, 2019 12:00am

Partly Facetious: Modi's narrative accepted?

"Narendra Modi has won and that too by a landslide."

Published 25 May, 2019 12:00am

Exchange

Light PBOC touch makes once unlikely yuan at 7/$ seem possible

As China's yuan slips to historically weak levels against the dollar, the central bank's atypical light touch is spurring speculation that policymakers want to be more judicious in their intervention and have no specific target for the currency.

Published 25 May, 2019 12:00am

Why US-Iran tensions could quickly escalate into a crisis

Three years ago, when Iran's military captured 10 US sailors after they mistakenly strayed into Iranian waters, US Secretary of State John Kerry and Iranian Foreign Minister Mohammad Javad Zarif jumped on the phone in minutes and worked out the sailors' r

Published 25 May, 2019 12:00am

Window dressing

Window dressing is perhaps more associated with the world of finance and accounting today, rather than with the retail business from where the term originated; it unflatteringly refers to actions, or inaction, directed towards improving the appearance of

Published 25 May, 2019 12:00am

The FDI challenge

Pakistan's foreign direct investment (FDI) dropped 52% to $1.37 billion in first 10 months (Jul-Apr) of the current fiscal year. The country recorded a net outflow of $22.6 million in the same period under the head of foreign investment compared to a net

Published 25 May, 2019 12:00am

Opposition coming together?

The Pakistan People's Party (PPP) held an Iftar dinner for the heads of almost all the opposition parties. The purpose of getting together is said to be to chalk out a joint strategy against the government on the issues of inflation, the IMF deal, the act

Updated 25 May, 2019 06:49am

Exchange

Concessionary loans for youth

Prime Minister Imran Khan seems to be extremely keen to promote employment in the country, with more focus on youth. In keeping with his wishes, the Federal Cabinet has approved Rs 100 billion Wazir-i-Azam Kamyab Naujawan Programme (WAKNP), under which yo

Updated 25 May, 2019 06:48am

SpaceX launches first 60 satellites of its internet network

SpaceX has launched a rocket carrying the first 60 satellites of its "Starlink" constellation, which is intended to provide internet from space in an array that could one day contain over 12,000 orbiting transponders. One of the company's Falcon 9 rockets

Published 25 May, 2019 12:00am

SpaceX launches first 60 satellites of its internet network

Published 25 May, 2019 12:00am

NAB chairman: PML-N wants probe into 'leaked' video

Pakistan Muslim League-Nawaz (PML-N) Friday alleged that Prime Minister Imran Khan is behind the leaked video of Chairman National Accountability Bureau (NAB) Justice Javed Iqbal (retd) as he is employing pressure tactics so that cases against the governm

Published 25 May, 2019 12:00am

NAB chairman: PML-N wants probe into 'leaked' video

Published 25 May, 2019 12:00am

Economic woes: Private sector urged to help government achieve stability

Prime Minister Imran Khan on Friday urged the private sector to lead the government''s efforts for bringing about economic stability in the country. The premier also said that Pakistan Tehreek-e-Insaf (PTI) was against creation of another province in Sind

Published 25 May, 2019 12:00am

Economic woes: Private sector urged to help government achieve stability

Prime Minister Imran Khan on Friday urged the private sector to lead the government's efforts for bringing about economic stability in the country. The premier also said that Pakistan Tehreek-e-Insaf (PTI) was against creation of another province in Sindh

Published 25 May, 2019 12:00am

Economic woes: Private sector urged to help government achieve stability

Published 25 May, 2019 12:00am

Previous Day

Forex
World
Commodity

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

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

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

Gainers
Losers
Leaders

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

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

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

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