News Archives for Print - 2019-05-27

The Weather

The weather report on Sunday (May 26, 2019) and the forecast for Monday (May 27, 2019).

Published 27 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 27 May, 2019 12:00am

Exchange

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (May 20 to 24, 2019).

Published 27 May, 2019 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 27 May, 2019 12:00am

Valencia stun deflated Barcelona to win Copa del Rey

Barcelona wanted a trophy to ease their Champions League heartache but instead fell to another shock defeat as Valencia pulled off a thrilling 2-1 victory on Saturday to win the Copa del Rey. Chasing a record fifth consecutive triumph, Barca were undone b

Published 27 May, 2019 12:00am

Australia expected 'ruthless' England fans, says Lyon

Australia spinner Nathan Lyon insists his team were prepared for the "ruthless" reaction from England fans to Steve Smith and David Warner. Australia duo Smith and Warner were given a torrid time by the Southampton crowd during their World Cup warm-up vic

Published 27 May, 2019 12:00am

Old warhorse Malinga keeps Sri Lanka dreaming

Lasith Malinga will be one of the World Cup's oldest players but the Sri Lanka paceman shows no signs of slowing down as he bids to prove his critics wrong. Malinga was stripped of the Sri Lanka one-day international captaincy in April after losing all ei

Published 27 May, 2019 12:00am

India run-machine Kohli eyes World Cup glory as captain

Virat Kohli's reputation as one of cricket's great entertainers is well-established, but the India star will not be completely satisfied until he leaves an indelible mark by winning the World Cup as captain. Kohli has been instrumental in building on Indi

Published 27 May, 2019 12:00am

Nike to end financial penalties for pregnant athletes

US sporting goods giant Nike, under fire for financially penalizing sponsored athletes who become pregnant, is changing its maternity policy, the New York Times reported. "We've recognized Nike, Inc., can do more, and there is an important opportunity for

Published 27 May, 2019 12:00am

World Cup warm-ups abandoned due to rain

World Cup warm-up matches between South Africa and West Indies and Pakistan and Bangladesh were both abandoned due to rain on Sunday. In Bristol, South Africa had reached 55-0 before play was halted for the first time as rain began to fall. Although there

Published 27 May, 2019 12:00am

Lewandowski strikes twice as Bayern seal German double

Champions Bayern Munich beat RB Leipzig 3-0 on Saturday thanks to two goals from Robert Lewandowski to win their 19th German Cup and complete a domestic league and Cup double. Bundesliga top scorer Lewandowski headed the champions into the lead in the 29t

Published 27 May, 2019 12:00am

Hamilton wins Monaco GP to extend championship lead

Lewis Hamilton resisted intense race-long pressure on Sunday to secure a narrow, dramatic and emotional victory for a mourning Mercedes in the Monaco Grand Prix. The defending five-time world champion and current series leader, who came home less than a s

Published 27 May, 2019 12:00am

Oscar strikes as Shanghai end Beijing's perfect record

Oscar scored his fourth goal in two games and set up the winner as Shanghai SIPG ended Beijing Guoan's 100 percent record in the Chinese Super League (CSL) on Sunday. The precious 2-1 home win cuts Guoan's lead at the top to just two points from the reign

Published 27 May, 2019 12:00am

Momota stunned as China win Sudirman Cup with Japan whitewash

Shi Yuqi stunned world champion Kento Momota as hosts China whitewashed Japan for an 11th Sudirman Cup title on Sunday. Japan have never won the badminton world mixed-team championship and their search goes on after they were well beaten 3-0 in the Chines

Published 27 May, 2019 12:00am

Kerb

Federer marks Paris return with victory, Kerber crashes

Roger Federer marked his return to Roland Garros after a four-year absence with a straight sets win over Italy's Lorenzo Sonego on Sunday, admitting he "felt on edge", as Angelique Kerber's hopes of completing a career Grand Slam suffered a quick kill. Fe

Published 27 May, 2019 12:00am

Improved air quality tied to fewer new childhood asthma cases

Childhood asthma rates appear to be dropping in many communities across southern California, and a new study suggests this may be due at least in part to improved air quality.

Published 27 May, 2019 12:00am

Illegal ozone-depleting gases traced to China: study

Industries in northeastern China have spewed large quantities of an ozone-depleting gas into the atmosphere in violation of an international treaty, scientists said Wednesday.

Published 27 May, 2019 12:00am

Dengue fever cases soar to 7,700 in La Reunion: WHO

Tens of thousands of people are thought to have caught dengue fever in an unprecedented outbreak of the mosquito-borne disease on the French overseas territory of La Reunion, the World Health Organization said on Tuesday. Authorities in the popular Indian

Published 27 May, 2019 12:00am

2-metre sea level rise 'plausible' by 2100: study

Global sea levels could rise by two metres (6.5 feet) and displace tens of millions of people by the end of the century, according to new projections that double the UN's benchmark estimates. The vast ice sheets of Greenland and Antarctica contain enough

Published 27 May, 2019 12:00am

UN declares Algeria and Argentina free of deadly malaria

Algeria - the nation where malaria was discovered - is officially free of malaria, the World Health Organization (WHO) said on Wednesday, making it the third African country to eliminate one of the world's leading killer diseases.

Published 27 May, 2019 12:00am

Panasonic joins firms stepping away from Huawei after US ban

Japan's Panasonic said Thursday it would stop supplying some components to Huawei, joining a growing list of firms distancing themselves from the Chinese telecoms giant after a US ban over security concerns. Japan's Toshiba also announced it was temporari

Published 27 May, 2019 12:00am

US Postal Service to launch test of self-driving trucks

The US Postal Service said Tuesday it would begin its first tests of self-driving trucks to deliver mail between two distribution centers in the southwest. The two-week project is being launched with California startup TuSimple, which will haul postal tra

Published 27 May, 2019 12:00am

Secure-D exposes suspicious android app with 500 million downloads

Secure-D, a leading mobile technology company, has unveiled that the popular Android application VidMate triggers suspicious background activity. Hidden software within the app delivers invisible ads, generates fake clicks and purchases, installs other su

Published 27 May, 2019 12:00am

Hey Siri, you're sexist, finds UN report on gendered technology

Popular digital assistants that reply in a woman's voice and are styled as female helpers are reinforcing sexist stereotypes, according to a United Nations report released on Wednesday. The vast majority of assistants such as Apple's Siri, Amazon Alexa an

Published 27 May, 2019 12:00am

UK telecoms giant EE vows to launch 5G without Huawei on 30th

British telecoms giant EE will this month become the first operator in the country to launch a 5G network but will do so without Huawei technology as originally planned, it said on Wednesday. EE had announced earlier that it would bring Huawei's first 5G

Published 27 May, 2019 12:00am

Walmart to make first direct pitch to big corporate ad buyers at New York event

Walmart Inc will meet large consumer goods companies and advertising firms for the first time in New York this week to pitch its advertising business, as the world's largest retailer aims to rev up its website and stores as a platform for other companies

Published 27 May, 2019 12:00am

Trade tensions hurting shipping growth: Maersk

A.P. Moller-Maersk , the world's largest container shipping company, warned on Friday that trade tensions and an economic slowdown are slowing growth in global freight. Maersk, which is seen as an indicator of global trade patterns, cut its forecast for g

Published 27 May, 2019 12:00am

Tata Motors sees JLR back in profit as China sales recover

India's Tata Motors Ltd expects its luxury Jaguar Land Rover arm to return to profit this financial year helped by cost cuts and a recovery in Chinese demand, it said on Monday, after the group's fourth-quarter profit fell less than expected. Finance chie

Published 27 May, 2019 12:00am

Tata Motors sees JLR back in profit as China sales recover

India's Tata Motors Ltd expects its luxury Jaguar Land Rover arm to return to profit this financial year helped by cost cuts and a recovery in Chinese demand, it said on Monday, after the group's fourth-quarter profit fell less than expected. Finance chie

Published 27 May, 2019 12:00am

RBC, TD Bank beat analysts' estimates for quarterly profits

Royal Bank of Canada and Toronto-Dominion Bank beat analysts' estimates for quarterly profits on Thursday, as strong loan growth bolstered their retail banking businesses and interest income. Higher interest rates in Canada and the United States also gave

Published 27 May, 2019 12:00am

RBC, TD Bank beat analysts' estimates for quarterly profits

Royal Bank of Canada and Toronto-Dominion Bank beat analysts' estimates for quarterly profits on Thursday, as strong loan growth bolstered their retail banking businesses and interest income. Higher interest rates in Canada and the United States also gave

Published 27 May, 2019 12:00am

Mothercare completes store closures, targets online growth

Mothercare saved more money than expected last year from the store closures on which it has pinned its recovery hopes, helping it cut net debt by 84% to 6.9 million pounds. This fuelled expectations that the British owner of the Little Bird, Baby K and Bl

Published 27 May, 2019 12:00am

Commerzbank open to M&A after Deutsche Bank talks collapse

Commerzbank may refine its strategy and is still open to mergers following the collapse of talks with its larger rival Deutsche Bank , the lender's chief executive said on Wednesday. CEO Martin Zielke told shareholders that the talks with Deutsche "showed

Published 27 May, 2019 12:00am

Lenovo books fourth quarter profit surge

Tech giant Lenovo Group Ltd on Thursday reported a market-beating three-fold surge in quarterly profit helped by strong personal computer (PCs) sales, and said its production plans had not been affected by the ongoing Sino-US trade war. Still investors, w

Published 27 May, 2019 12:00am

Lenovo books fourth quarter profit surge

Tech giant Lenovo Group Ltd on Thursday reported a market-beating three-fold surge in quarterly profit helped by strong personal computer (PCs) sales, and said its production plans had not been affected by the ongoing Sino-US trade war. Still investors, w

Published 27 May, 2019 12:00am

Nokia CEO sees possible benefits from Huawei tensions

Nokia Chief Executive Rajeev Suri said on Tuesday the company could benefit from a US clampdown on Chinese rival Huawei as the race to roll out 5G services heats up. Asked about the regulatory problems facing Huawei, he told investors: "Perhaps there is l

Published 27 May, 2019 12:00am

Saudi Aramco inks 20-year deal with Sempra for LNG supply

Saudi Aramco signed a 20-year agreement to buy liquefied natural gas (LNG) from a forthcoming export terminal in Texas that US-based Sempra Energy is developing, the two companies said on Wednesday. The Saudi state oil giant plans to become a major global

Published 27 May, 2019 12:00am

Currency

Bread prices a hot topic in Sudan despite Bashir's fall

As the sun set over Khartoum, a group of Sudanese men walked into a bakery to buy bread ahead of breaking their dawn-to-dusk fast in the holy month of Ramadan. "The price of bread has risen too much," said Adel Abdelrahman as he bought a few loaves in a n

Published 27 May, 2019 12:00am

Malaysia set to raise domestic palm biofuel use

Malaysia is expected to allow for a higher percentage of palm biodiesel blends over the next few decades, the international trade and industry ministry said. The ministry said in a statement on Saturday that it is working with the Primary Industries Minis

Published 27 May, 2019 12:00am

South African carbon tax finally becomes law

South Africa's long-delayed carbon tax has been enshrined in law, the treasury said on Sunday, as one of the continent's worst polluters transitions to lower emissions in its efforts to meet agreements on global climate change. The tax was first mooted in

Published 27 May, 2019 12:00am

Bangladesh fishermen protest two-month fishing ban

Hundreds of Bangladeshi fishermen staged a protest in the country's south on Sunday, police said, after the government imposed an unprecedented two-month long fishing ban on the Bay of Bengal. Carrying placards and banners, the fishermen marched to Cox's

Published 27 May, 2019 12:00am

China's East Hope Group considers $10 billion investment in UAE

China's East Hope Group is evaluating plans to invest $10 billion in an industrial zone in the United Arab Emirates, joining other Chinese companies, seeking a slice of China's Belt and Road initiative. Chinese companies are increasingly seizing opportuni

Published 27 May, 2019 12:00am

China to offer liquidity to Baoshang Bank

China's central bank said on Sunday that it would offer liquidity to Inner Mongolia-based Baoshang Bank, which the country's financial regulators have said they would take over due to the serious credit risks it poses. The People's Bank of China (PBOC) al

Published 27 May, 2019 12:00am

Renault, Fiat Chrysler in tie-up talks

French and Italian-US auto giants Renault and Fiat Chrysler are set to announce talks on an alliance, with a view to a potential merger, informed sources said on Sunday. Renault and FCA are likely to unveil the move "within hours, perhaps tomorrow (Monday

Published 27 May, 2019 12:00am

Trade beef aside, Trump and Abe bond over burgers, sumo and golf

US President Donald Trump on Sunday played golf with Japanese Prime Minister Shinzo Abe and presented a trophy to the winner of a sumo tournament, turning to personal diplomacy for the second day of a Japan visit shadowed by tough trade talk.

Published 27 May, 2019 12:00am

Exchange

Bond investors seek protection from UK inflation on Brexit woes

Investors accepted record-low returns in exchange for protection from British inflation over the coming decade when they bought an index-linked government bond at auction on Thursday, reflecting the political tumult gripping the country.

Published 27 May, 2019 12:00am

Exchange

Bond investors seek protection from UK inflation on Brexit woes

Investors accepted record-low returns in exchange for protection from British inflation over the coming decade when they bought an index-linked government bond at auction on Thursday, reflecting the political tumult gripping the country.

Published 27 May, 2019 12:00am

AirAsia's Philippine unit plans more than $200 million IPO

The Philippine unit of AirAsia Group Bhd hopes to push through with its initial public offering this year to raise more than $200 million to expand capacity, the regional carrier's chief executive said on Thursday. AirAsia Group had planned to list some o

Published 27 May, 2019 12:00am

AirAsia's Philippine unit plans more than $200 million IPO

The Philippine unit of AirAsia Group Bhd hopes to push through with its initial public offering this year to raise more than $200 million to expand capacity, the regional carrier's chief executive said on Thursday. AirAsia Group had planned to list some o

Published 27 May, 2019 12:00am

Exchange

Main CEE currencies seen firming

Central Europe's main currencies are expected to firm over the coming year, driven by monetary tightening in response to increased inflation, if economic risks ease in Europe, according to a Reuters poll of analysts. One key risk mentioned by the particip

Published 27 May, 2019 12:00am

Exchange

Finablr to spend $200 million of IPO money on expansion: CEO

Payments and foreign exchange company Finablr plans to use half of the proceeds from its share sale in London earlier this month to expand both organically and via acquisitions, its chief executive said on Sunday.

Published 27 May, 2019 12:00am

Financials weigh on Saudi index, blue chips gain in Egypt

Saudi Arabia's stock market fell sharply on Sunday, dragged down by the financial and petrochemical sectors, while Egypt's blue chips gained. Saudi's index dropped 2%, with Saudi British Bank (SABB) falling 3.5%, Samba Financial Group, the Kingdom's third

Published 27 May, 2019 12:00am

Exchange

Vietnam central bank says ready to sell dollars to support dong

Vietnam's central bank said on Tuesday it was ready to pump US dollars into the market to stabilise the dong currency's exchange rate, as it had come under pressure due to fallout from the US-China trade war. Vietnam's dong has weakened 0.9 percent this y

Published 27 May, 2019 12:00am

US money market assets hit highest in over nine years

US money market fund assets reached their highest level in more than nine years as investors poured cash into low-risk investments following a flare-up in trade tension between China and the United States, a private report released on Wednesday showed.

Published 27 May, 2019 12:00am

US money market assets hit highest in over nine years

US money market fund assets reached their highest level in more than nine years as investors poured cash into low-risk investments following a flare-up in trade tension between China and the United States, a private report released on Wednesday showed.

Published 27 May, 2019 12:00am

Portugal to issue 'panda bonds' in eurozone first

Portugal plans to become the first eurozone nation to issue so-called panda bonds, renminbi-denominated bonds issued by a non-Chinese entity, by raising some 240 million euros next week, the nation's finance ministry said Wednesday.

Published 27 May, 2019 12:00am

Portugal to issue 'panda bonds' in eurozone first

Portugal plans to become the first eurozone nation to issue so-called panda bonds, renminbi-denominated bonds issued by a non-Chinese entity, by raising some 240 million euros next week, the nation's finance ministry said Wednesday.

Published 27 May, 2019 12:00am

Debut Dutch green bond lures over 20 billion euros of orders

Investors piled into the Netherlands' inaugural, triple-A rated sovereign green bond on Tuesday, placing 21.2 billion euros ($23.7 billion) of orders for the environmentally friendly paper. The Dutch debt agency said it had given preference to investors t

Published 27 May, 2019 12:00am

Debut Dutch green bond lures over 20 billion euros of orders

Investors piled into the Netherlands' inaugural, triple-A rated sovereign green bond on Tuesday, placing 21.2 billion euros ($23.7 billion) of orders for the environmentally friendly paper. The Dutch debt agency said it had given preference to investors t

Published 27 May, 2019 12:00am

FTSE gains hampered by Brexit woes

A stellar rally in Britain's top stock index this year will run out of steam as uncertainty over the nation's torturous exit from the EU saps investor appetite for the world's fifth largest economy, a Reuters poll found. The median forecast was for the FT

Published 27 May, 2019 12:00am

Garbe plans Frankfurt listing

German logistics property group Garbe Industrial Real Estate is preparing for a Frankfurt stock market flotation in the autumn, hoping to benefit from a boom in Germany's real estate market, people close to the matter said.

Published 27 May, 2019 12:00am

Garbe plans Frankfurt listing

German logistics property group Garbe Industrial Real Estate is preparing for a Frankfurt stock market flotation in the autumn, hoping to benefit from a boom in Germany's real estate market, people close to the matter said.

Published 27 May, 2019 12:00am

Foreign investors raise China bond holdings

Offshore holdings of Chinese treasury bonds touched a new high in April as some Chinese bonds began to be included in a major global index. April marked the first of a 20-month inclusion process of Chinese government and policy bank bonds in the Bloomberg

Published 27 May, 2019 12:00am

Foreign investors raise China bond holdings

Offshore holdings of Chinese treasury bonds touched a new high in April as some Chinese bonds began to be included in a major global index. April marked the first of a 20-month inclusion process of Chinese government and policy bank bonds in the Bloomberg

Published 27 May, 2019 12:00am

Wall Street week ahead: trade protection doesn't have to exclude growth stocks

The escalating US-China trade war has sent dividend-rich sectors like utilities higher, but investors don't need to get all defensive just yet, according to strategists who say there are plenty of growth stocks with some insulation from China.

Published 27 May, 2019 12:00am

Ten dead in China after ship leaks gas

At least ten people died and 19 were injured after carbon dioxide leaked from a cargo ship's fire prevention system in eastern China, local officials said Sunday. The gas leak occurred at 4:00 pm (0800 GMT) Saturday at Longyan Port in Weihai, eastern Shan

Published 27 May, 2019 12:00am

Kurdish prisoners end hunger strike in Turkey

Thousands of inmates in Turkish prisons ended their mass hunger strike on Sunday, heeding a calling by militant Kurdish leader Abdullah Ocalan whose jail conditions they were protesting. The action had grown to involve some 3,000 people held in different

Published 27 May, 2019 12:00am

Race to lead Britain out of EU pits old foes

The race to become Britain's next premier heated up on Sunday as Environment Secretary Michael Gove joined a crowded field of hopefuls with competing visions of how to finally pull their divided country out of the EU. Gove's bid for the leadership in the

Published 27 May, 2019 12:00am

Saudi downs attack drone from Yemen

Saudi Arabia on Sunday shot down a bomb-laden drone deployed by Iran-aligned Huthi rebels in Yemen to attack an airport in the kingdom, state media reported. The Saudi air force intercepted and destroyed the drone that targeted Jizan airport, close to the

Published 27 May, 2019 12:00am

Israel restores Gaza fishing zone

Israel said it eased on Sunday fishing restrictions off the blockaded Gaza Strip with the aim of preventing a deterioration in humanitarian conditions in the Palestinian enclave. The move came just three days after Israel had reduced the offshore fishing

Published 27 May, 2019 12:00am

Regime bombardment kills 12 civilians in Syria

Regime air strikes killed 12 civilians including four at a market on Sunday in a jihadist bastion in northwest Syria, a war monitor said. A young girl was among those killed at the market in the town of Maaret al-Numan in Idlib province, the Syrian Observ

Published 27 May, 2019 12:00am

Blast kills Chad soldiers, journalist after Boko Haram attack

Four Chadian soldiers and a television reporter were killed when their vehicle hit a mine on a road in eastern Chad, security sources said Sunday. The victims were headed towards an army position that had been attacked by elements of the Boko Haram Islami

Published 27 May, 2019 12:00am

Thailand's unmatched powerbroker dies

Former prime minister and close advisor to Thailand's revered royals Prem Tinsulanonda died early Sunday aged 98, a senior parliamentarian said, ending a decades-long career of unrivalled influence over Thai politics. Hailed as a stabilising force by alli

Published 27 May, 2019 12:00am

Aide to winning candidate of BJP shot dead

An aide to an Indian ruling party candidate, who recently defeated Congress party chief Rahul Gandhi for a seat in parliament, was shot dead overnight, police said on Sunday. Surendra Singh was an aide to Smriti Irani, a former television actress and dogg

Published 27 May, 2019 12:00am

'Parasite' wins Cannes gold

"Parasite", a black comedy about a family of clever scammers from South Korea's underclass, won the Palme d'Or top prize at Cannes on Saturday, the first time a Korean director has scooped the coveted award in the film festival's 72-year history. Bong Joo

Published 27 May, 2019 12:00am

Strong 8.0-magnitude earthquake hits Peru

A powerful 8.0-earthquake struck northern Peru in the early hours of Sunday, killing one person and injuring 18 others as the shockwave extended into neighboring Ecuador. The force of the quake brought down many old houses in Yurimaguas, a town near the e

Published 27 May, 2019 12:00am

Six killed in Mexican navy helicopter crash

Six people, including five members of the Mexican Navy, died when their helicopter crashed during operations to put out forest fires, President Andrés Manuel López Obrador said Saturday. The crash occurred in a remote, hilly area of the north-central stat

Published 27 May, 2019 12:00am

Sri Lanka detain nearly 100 in anti-Islamist swoops

Sri Lanka's military has detained nearly 100 suspects during four days of search operations against remnants of an Islamist group blamed for the Easter attacks that killed 258, officials said Sunday. Some 3,000 military personnel were deployed in and arou

Published 27 May, 2019 12:00am

Four dead, seven injured in Nepal blasts

Four men died and seven were injured Sunday in three separate explosions in Kathmandu, Nepali police said. There was no immediate claim of responsibility but police said they suspect involvement of a Maoist splinter group whose pamphlets were found in a h

Published 27 May, 2019 12:00am

Three French IS members sentenced to death in Iraq

An Iraqi court on Sunday sentenced three French citizens to death for joining the Islamic State group, the first IS members from France to be handed capital punishment, a court official said. Captured in Syria by a US-backed force fighting the jihadists,

Published 27 May, 2019 12:00am

Iran will defend itself against any aggression, says foreign minister

Iran will defend itself against any military or economic aggression, Foreign Minister Mohammad Javad Zarif said on Sunday, calling on European states to do more to preserve a nuclear agreement his country signed. Speaking at a Baghdad news conference with

Published 27 May, 2019 12:00am

Rashid calls on Buzdar

Federal Minister for Railways Sheikh Rashid Ahmad called on Punjab Chief Minister Sardar Usman Buzdar, here today. Matters of mutual interest, public welfare projects and political situation were discussed in the meeting. Speaking on the occasion, the Chi

Published 27 May, 2019 12:00am

Youm-e-Shahadat of Hazrat Ali (RA): CM orders foolproof security arrangements

Chief Minister Punjab Sardar Usman Buzdar has directed to arrange foolproof security across the province on the eve of Youm-e-Shahadat of Hazrat Ali (RA). While passing directions to provincial cabinet committee for law and order, the chief minister said

Published 27 May, 2019 12:00am

JVs can boost regional trade, tourism: Bakhtyar

Federal Minister for Planning, Development & Reform Makhdum Khusro Bakhtyar has said that joint ventures in various areas can boost regional trade and tourism as well as enhance regional integration. The Minister was talking to Ambassador of Uzbekistan, F

Published 27 May, 2019 12:00am

SSTOAP budget proposal: Separate Sales Tax Zone in each field formation proposed

Federal Board of Revenue (FBR) has received a budget proposal from Inland Revenue officials to revise mechanism for administration of sales tax and federal excise duty (FED) by establishing separate Sales Tax Zone in each field formation on the pattern of

Published 27 May, 2019 12:00am

SSTOAP budget proposal: Separate Sales Tax Zone in each field formation proposed

Federal Board of Revenue (FBR) has received a budget proposal from Inland Revenue officials to revise mechanism for administration of sales tax and federal excise duty (FED) by establishing separate Sales Tax Zone in each field formation on the pattern of

Published 27 May, 2019 12:00am

Prices of essential food items witness mixed trend

Mixed trend in prices of essential food commodities was witnessed in previous week as compared to last previous, according to a weekly local market survey conducted by Business Recorder here on Sunday. According to the survey, prices of vegetable,

Published 27 May, 2019 12:00am

'We are helping districts to develop a competitive advantage' an interview with Khalid Sherdil, CEO The Urban Unit

BR Research recently sat down with Khalid Sherdil who is the new CEO of the Urban Sector Planning & Management Services Company (The Urban Unit). He has served as Secretary for industries Punjab, where he looked after the portfolios for commerce, trade, i

Published 27 May, 2019 12:00am

'We are helping districts to develop a competitive advantage' an interview with Khalid Sherdil, CEO The Urban Unit

BR Research recently sat down with Khalid Sherdil who is the new CEO of the Urban Sector Planning & Management Services Company (The Urban Unit). He has served as Secretary for industries Punjab, where he looked after the portfolios for commerce, trade, i

Published 27 May, 2019 12:00am

WHO experts to investigate causes of outbreak of HIV in Larkana: Dr Mirza

Minister of State for National Health Services, Regulation and Coordination Dr Zafar Mirza has said that a 10-member team comprising World Health Organisation's (WHO) technical and professional experts would visit Pakistan to investigate the outbreak of H

Published 27 May, 2019 12:00am

Kashmir liberation movement heading towards its goal: Baloch

Acting chief of the Jamaat-e-Islami, Liaqat Baloch, has said that the Kashmir liberation movement was heading towards its goal despite the untold brutalities of the occupation forces in Held Kashmir. He was talking to the deputy chief of the JI Azad Jammu

Published 27 May, 2019 12:00am

Exchange

Peace and stability in region: President lauds role of China for region's peace & stability

The Chinese Vice President, Wang Qishan, called on President Arif Alvi at Aiwan e Sadr on Sunday. Welcoming the Vice President, the President congratulated him on 70 years of establishment of People's Republic of China. He underscored that Pakistan and Ch

Published 27 May, 2019 12:00am

Exchange

Auto industry perturbed over move to revive used cars' import

The country's local auto industry has expressed grave concerns over government's alleged intention to revive used car imports in the upcoming budget citing it as a revenue measure, well informed sources in Ministry of Industries and Production (MoI&P) tol

Published 27 May, 2019 12:00am

CAA returns missing world cup tickets to owner

The staff of Civil Aviation Authority (CAA) Sunday returned the Cricket World Cup tickets of worth Rs 0.75 millions to a lady passenger departing for London from Bachaa Khan International Airport (BKIAP), Peshawar and forgot to carry them with her. In a s

Published 27 May, 2019 12:00am

Number of JSMU's constituent institutions' grow to nine

Number of Jinnah Sindh Medical University's (JSMU's) constituent institutions grew to nine with the inception of its Institute of Medical Education (IME). JSMU spokes-person here on Sunday said the series of MPhil programme are being offered in clinical a

Published 27 May, 2019 12:00am

North Waziristan sit-in: ANP slams violence against protesters

ANP president Asfandyar Wali Khan has condemned firing and violence against the sit-in participants in North Waziristan and has demanded release of arrested persons and provision of treatment facilities to the injured.

Published 27 May, 2019 12:00am

Cotton

Motorway Police seize non custom paid goods worth Rs 10 million

National Highways and Motorway Police Sunday seized non-custom paid goods worth Rs 10 million and arrested the accused who were trying to smuggle the goods to Punjab. According to the spokesperson of motorway police, the container was capsized on the moto

Published 27 May, 2019 12:00am

KP cabinet approves budget strategy-II for 2019-20

Chief Minister Mahmud Khan-led Khyber Pakhtunkhwa cabinet on Sunday approved budget strategy-II for 2019-20. The approval was accorded at the cabinet meeting. The KP cabinet members, chief secretary, additional chief secretary, administrative secretaries

Published 27 May, 2019 12:00am

Floods: PDMA to finalize arrangements

Chief Secretary Punjab Yousaf Naseem Khokhar has directed Provincial Disaster Management Authority (PDMA) to finalize all arrangements to cope with possible floods, besides asking the relevant departments to remain alert due to prevailing uncertain weathe

Published 27 May, 2019 12:00am

Four held, shop sealed in crackdown against toy guns

District administration Peshawar sealed four stores/shops of toy guns during a joint raid with police on the shops of the toy guns in Pepal Mandi area of the city. Four persons were also arrested. The Deputy Commissioner Peshawar, Mohammad Ali Asghar unde

Published 27 May, 2019 12:00am

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

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

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 23	252.10

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

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

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

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