News Archives for Print - 2019-06-10

The Weather

The weather report on Sunday (June 09, 2019) and the forecast for Monday (June 10, 2019).

Published 10 Jun, 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 10 Jun, 2019 12:00am

Exchange

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (June 3, 2019).

Published 10 Jun, 2019 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 10 Jun, 2019 12:00am

England claim victory over Scotland

Nikita Parris blasted home a penalty awarded after a VAR review to set England on their way to a 2-1 win over old rivals Scotland in their opening match at the women's World Cup in Nice on Sunday. Parris scored from the spot in the 14th minute and Ellen W

Published 10 Jun, 2019 12:00am

Bonansea inspires 'incredible' Italy return, Cristiane stars for Brazil

Barbara Bonansea ensured Italy made a dramatic return to the Women's World Cup after a 20-year absence on Sunday with a stoppage-time winner that gave her team a last-gasp victory over tournament dark horses Australia. Juventus' Bonansea popped up at the

Published 10 Jun, 2019 12:00am

Rohail leads as Pakistan U-19 squad for South Africa announced

Wicketkeeper-batsman Rohail Nazir of Islamabad has been retained as Pakistan Under-19 skipper for the upcoming tour of South Africa, which will comprise seven 50-over matches from 22nd June to 7th July. Rohail had not only successfully led Pakistan Under-

Published 10 Jun, 2019 12:00am

Nadal sweeps to 12th French Open and 18th Grand Slam title

Rafael Nadal swept to an historic 12th Roland Garros title and 18th Grand Slam crown on Sunday with a 6-3, 5-7, 6-1, 6-1 victory over Austria's Dominic Thiem. The 33-year-old Spaniard becomes the first player, man or woman, to win the same Slam 12 times a

Published 10 Jun, 2019 12:00am

IAAF to rebrand as World Athletics

World athletics' governing body, the IAAF, is to rebrand as World Athletics, it was announced Sunday. The International Association of Athletics Federations (IAAF) was initially founded in 1912 as the International Amateur Athletic Federation. The body, c

Published 10 Jun, 2019 12:00am

Dhoni removes dagger logo from keeping gloves

India's MS Dhoni took the field without a controversial dagger logo on his wicketkeeping gloves in Sunday's World Cup game against Australia after being ordered to remove the symbol by cricket's governing body. Dhoni's gloves in the opening game against S

Published 10 Jun, 2019 12:00am

Macau pull out of World Cup qualifier in Sri Lanka citing safety

Macau's football chiefs have said they will not send a team to Sri Lanka for a World Cup qualifying match this week, citing security fears following the deadly Easter suicide attacks. The decision sparked a rebuke from Sri Lanka's football authorities who

Published 10 Jun, 2019 12:00am

England take Nations League third place on penalties

England deservedly claimed the consolation prize of third place at the Nations League 6-5 on penalties on Sunday after a 0-0 draw against a limited Switzerland in Guimaraes. Gareth Southgate's men dominated the 120 minutes in northern Portugal, but Harry

Published 10 Jun, 2019 12:00am

Rabada urges South Africa to ignore off-field problems

Kagiso Rabada believes South Africa must put their off-field problems to one side as they look to revive their World Cup campaign against the West Indies at Southampton on Monday. A tough opening week in the round-robin group phase has left the Proteas wi

Published 10 Jun, 2019 12:00am

Dhawan ton helps India down Australia

Opener Shikhar Dhawan hit a blazing century to set up a 36-run win over Australia in the World Cup on Sunday as the reigning champions suffered their first defeat of this year's tournament. Dhawan's 117 and his 127-run opening stand with Rohit Sharma laid

Published 10 Jun, 2019 12:00am

Living with HIV means increased risk of heart disease

People living with HIV are more likely to get heart disease than those without the virus, making it all the more critical they do things like exercise, eat well, and avoid smoking, US doctors say. In recent decades, antiretroviral therapy has helped trans

Published 10 Jun, 2019 12:00am

Teen boys' eating disorders may focus on muscles, not weight loss

Many people may mistakenly assume teen boys are not prone to eating disorders because their symptoms are different from what's typically seen in girls and their focus is on building muscle rather than becoming impossibly thin, doctors warn.

Published 10 Jun, 2019 12:00am

Scientists edit chicken genes to make them resistant to bird flu

Scientists in Britain have used gene-editing techniques to stop bird flu spreading in chicken cells grown in a lab - a key step towards making genetically-altered chickens that could halt a human flu pandemic. Bird flu viruses currently spread swiftly in

Published 10 Jun, 2019 12:00am

Congo Ebola infections exceed 2,000 as new case rate triples

The number of cases of Ebola in eastern Congo has passed 2,000, government figures showed late on Monday, as the rate of new cases tripled and containment efforts faltered in the remote, unstable region. Local mistrust of health workers and attacks on Ebo

Published 10 Jun, 2019 12:00am

One in four Ebola cases undetected in Congo: WHO

Roughly a quarter of Ebola infections in eastern Congo are estimated to be going undetected or found too late, a World Health Organization (WHO) expert said on Thursday. But the WHO, in a weekly update issued subsequently, said there were "early signs" of

Published 10 Jun, 2019 12:00am

Amazon's Bezos says robotic hands will be ready for commercial use in next 10 years

Amazon.com Inc Chief Executive Jeff Bezos said on Thursday he expects there will be commercial robots in the next 10 years that can grasp items as reliably as humans, a development that could lead to the automation of warehouse jobs around the world. The

Published 10 Jun, 2019 12:00am

Apple iTunes to play last song

Apple on Monday announced the demise of its groundbreaking iTunes platform in favor of three more tailored apps, as it refines its offerings to be a stage for digital music, films, podcasts and more. iTunes transformed the way people buy and listen to mus

Published 10 Jun, 2019 12:00am

Robot bricklayers to 3D printing-how technology can transform housebuilding

A robotic bricklayer, 3D printing and furniture that can be stowed away at the wave of a hand could all help to address the global deficit in affordable housing, according to a study released on Thursday. Nearly 90 percent of the world's cities cannot pro

Published 10 Jun, 2019 12:00am

China's Huawei signs deal to develop 5G in Russia

China's Huawei, considered a security threat in the US, on Wednesday signed a deal with Russian telecoms company MTS to develop a 5G network in the country over the next year, The agreement was signed on the sidelines of a meeting between Chinese leader X

Published 10 Jun, 2019 12:00am

China grants 5G licences for commercial use

China on Thursday granted 5G commercial licences to four domestic companies, taking a big step in its bid to be a global leader in next generation wireless networks amid fierce rivalry from the United States. 5G is the next-generation cellular network tha

Published 10 Jun, 2019 12:00am

UBS looks to Sumitomo Mitsui tie-up to crack Japanese wealth

UBS signed a joint venture deal with Sumitomo Mitsui Trust on Friday, aiming to crack a Japanese wealth management market where it has struggled to grow over the last 15 years. The deal, signed by the banks' CEOs in Zurich, will create a venture majority-

Published 10 Jun, 2019 12:00am

GE lost billions by 'misjudging' renewables: report

Investors in General Electric, once one of the world's most valuable companies, lost tens of billions of dollars after the Paris climate deal as it failed to adapt to the pace of the green energy transition, new analysis showed on Thursday. A report by th

Published 10 Jun, 2019 12:00am

OMV to pay Gazprom $1 billion for stake in Siberian gas field

OMV agreed on Friday to pay 905 million euros ($1 billion) to Russia's Gazprom for a stake in a Siberian gas field, as part of the Austrian firm's strategy to boost its gas business. OMV Chief Executive Rainer Seele is banking on a sharp rise in demand fo

Published 10 Jun, 2019 12:00am

Norsk Hydro first quarter core profit plunges

Aluminium producer Norsk Hydro, the victim of a cyber attack in March that paralysed its IT systems, posted an 82% drop in first-quarter core profit on Wednesday and said a rise in global uncertainty could impact its markets. The Norwegian company's under

Published 10 Jun, 2019 12:00am

Norsk Hydro first quarter core profit plunges

Aluminium producer Norsk Hydro, the victim of a cyber attack in March that paralysed its IT systems, posted an 82% drop in first-quarter core profit on Wednesday and said a rise in global uncertainty could impact its markets. The Norwegian company's under

Published 10 Jun, 2019 12:00am

Total gears up for North Sea gas hunt

Deep beneath the cold waters of the North Sea lies what French energy giant Total hopes will help feed Britain's voracious appetite for gas. Total forecasts that the Culzean field, located more than 15,000 metres under the seabed halfway between Scotland

Published 10 Jun, 2019 12:00am

Exchange

Swiss Re presses ahead with floatation of $4.5 billion British unit

Swiss Re is pressing ahead with a flotation of British subsidiary ReAssure on the London Stock Exchange, the world's second largest reinsurer said on Friday, a business that analysts value at around 3.5 billion pounds ($4.45 billion). ReAssure, Britain's

Published 10 Jun, 2019 12:00am

Uber chief tightens grip with top execs' departures

Uber chief Dara Khosrowshahi put out word Friday that he is tightening his grip on the wheel at the ride-share firm in the wake of a bumpy stock market debut. The company's chief operating officer and head of marketing will leave in a leadership shake-up

Published 10 Jun, 2019 12:00am

Carlyle, DWS lining up bids for $3.9 billion Arriva sale

US buyout fund Carlyle and German asset manager DWS are gearing up to bid for British rail and bus firm Arriva after holding preliminary talks with its German owner Deutsche Bahn, sources familiar with the matter told Reuters.

Published 10 Jun, 2019 12:00am

Canadian oil pipeline congestion sets up lucrative storage play

Upheavals in the Canadian crude market are providing unique opportunities for firms with sizeable long-term leases on Alberta storage tanks, a cluster that sources say includes Mercuria Energy Group and oil major BP Plc's trading arm. Canada holds the wor

Published 10 Jun, 2019 12:00am

Cuban sugar harvest one of lowest in 120 years, exports met

The Cuban state-run sugar monopoly Azcuba met its export commitments for this season despite output weighing in 13% below plan, the official Prensa Latina news agency reported over the weekend, citing company spokesman Liobel Perez. Perez told the news ag

Published 10 Jun, 2019 12:00am

Huawei turns to Africa to offset US blacklist

As the US leads a drive for the West to shun Huawei over security fears, the Chinese tech giant has sought to strengthen its position in Africa, where it is already well-established. Huawei has taken a leading role in developing next-generation 5G mobile

Published 10 Jun, 2019 12:00am

Oman to impose new excise tax to boost revenues

Oman will impose a new tax on sugary drinks and tobacco products starting on June 15, as the small Gulf oil producer seeks to boost state revenues strained by years of low oil prices. A 100% excise tax will be introduced for tobacco products, energy drink

Published 10 Jun, 2019 12:00am

Currency

Qatar imposes additional restrictions on UAE's largest bank

Qatar has placed further restrictions on First Abu Dhabi Bank, the United Arab Emirates' largest lender, as it continues a probe into alleged currency manipulation begun after the UAE and other Arab states launched a boycott against Qatar in mid-2017. The

Published 10 Jun, 2019 12:00am

Exchange

ECB policymakers open to cut rates if growth weakens

European Central Bank policymakers are open to cutting the ECB's policy rate again if economic growth weakens in the rest of the year and a strong euro hurts a bloc already bearing the brunt of a global trade war, two sources said. The ECB said on Thursda

Published 10 Jun, 2019 12:00am

American Airlines cancels 737 MAX flights through September 3

American Airlines has cancelled all scheduled flights with Boeing 737 MAX jets through September 3, extending the grounding of its fleet after two crashes involving the same aircraft model killed 346 people. The airline had previously cancelled all 737 MA

Published 10 Jun, 2019 12:00am

Exchange

EU states adopt 'panda bonds' in Chinese outreach

EU members Hungary, Poland, Portugal and soon Austria are strengthening ties with China by issuing attractive "panda bonds" that help Beijing raise its profile on international financial markets. Italy might join the trend as well, despite EU concerns tha

Published 10 Jun, 2019 12:00am

Exchange

EU states adopt 'panda bonds' in Chinese outreach

EU members Hungary, Poland, Portugal and soon Austria are strengthening ties with China by issuing attractive "panda bonds" that help Beijing raise its profile on international financial markets. Italy might join the trend as well, despite EU concerns tha

Published 10 Jun, 2019 12:00am

Currency

Loonie's upside prospects dwindle; other currencies look better

The Canadian dollar is likely to strengthen less against its US counterpart over the coming year than previously expected, because of more attractive valuations and better prospects for return in other currencies, a Reuters poll showed.

Published 10 Jun, 2019 12:00am

Currency

Strong dollar lives on, but trade war, rate cuts to tamp it down

The dollar will maintain its strength for the rest of 2019 but will be weakened by the US-China trade war and eventual Federal Reserve interest rate cuts, a Reuters poll of currency strategists predicted. Now that the US economy shows signs of slowing and

Published 10 Jun, 2019 12:00am

Currency

Saudi, Dubai bourses lead Gulf stocks higher

Saudi Arabia and Dubai led Gulf stocks higher on Sunday as regional markets resumed trade after last week's holidays, lifted by positive sentiment on global stocks and expected foreign fund inflows into the Riyadh market. The Saudi index rose by 2.2% to f

Published 10 Jun, 2019 12:00am

Currency

'Balancing act' for emerging market currencies through year-end

Emerging market investors will be more cautious and selective in making risky bets against a strong dollar in coming months as fears over the United States' aggressive trade policy rattles markets, a Reuters poll found on Thursday. The poll, taken in the

Published 10 Jun, 2019 12:00am

Currency

'Balancing act' for emerging market currencies through year-end

Emerging market investors will be more cautious and selective in making risky bets against a strong dollar in coming months as fears over the United States' aggressive trade policy rattles markets, a Reuters poll found on Thursday. The poll, taken in the

Published 10 Jun, 2019 12:00am

Aluflexpack to launch IPO

Packaging maker Aluflexpack is preparing to launch a stock market flotation in Zurich, hoping to benefit from robust capital markets, people close to the matter said. Austrian investor Michael Tojner's Montana Tech Components is planning to sell shares wo

Published 10 Jun, 2019 12:00am

Aluflexpack to launch IPO

Packaging maker Aluflexpack is preparing to launch a stock market flotation in Zurich, hoping to benefit from robust capital markets, people close to the matter said. Austrian investor Michael Tojner's Montana Tech Components is planning to sell shares wo

Published 10 Jun, 2019 12:00am

US money market assets grow six straight weeks

US money market fund assets rose for a sixth consecutive week, bringing the total to a fresh nine-plus year peak as investors piled cash into low-risk funds on concerns about global trade tensions, a private report released on Wednesday showed. US money f

Published 10 Jun, 2019 12:00am

US money market assets grow six straight weeks

US money market fund assets rose for a sixth consecutive week, bringing the total to a fresh nine-plus year peak as investors piled cash into low-risk funds on concerns about global trade tensions, a private report released on Wednesday showed. US money f

Published 10 Jun, 2019 12:00am

Currency

Short positions sustain for most Asian currencies

Short positions on most Asian currencies persisted over the past two weeks, a Reuters poll showed, as an escalating trade standoff between the United States and China saw investors holding little faith in regional risk assets. All 14 participants in the p

Published 10 Jun, 2019 12:00am

Frenzy for Aussie bonds as investors bet on radical policy easing

Investors lapped up Australia's latest long-term bond sale on Wednesday, even though its record-low coupon of 1.5% offered no more than the overnight cash rate, a sign some are wagering on drastic policy stimulus including maybe quantitative easing. The s

Published 10 Jun, 2019 12:00am

Frenzy for Aussie bonds as investors bet on radical policy easing

Investors lapped up Australia's latest long-term bond sale on Wednesday, even though its record-low coupon of 1.5% offered no more than the overnight cash rate, a sign some are wagering on drastic policy stimulus including maybe quantitative easing. The s

Published 10 Jun, 2019 12:00am

Wall Street week ahead: top US bond managers betting bond market still has room to run

US bond fund managers are betting that the steep gains in Treasuries over the last month are here to stay. Yields on the benchmark 10-year Treasury rate have dropped to near 2.10% after rising as high as 2.55% as recently as May 2 as fears of escalating t

Published 10 Jun, 2019 12:00am

Wall Street week ahead: top US bond managers betting bond market still has room to run

US bond fund managers are betting that the steep gains in Treasuries over the last month are here to stay. Yields on the benchmark 10-year Treasury rate have dropped to near 2.10% after rising as high as 2.55% as recently as May 2 as fears of escalating t

Published 10 Jun, 2019 12:00am

Four dead as Sudan police move to quell civil disobedience

Four people were killed in Sudan on Sunday as protesters launched a civil disobedience campaign against the military after a bloody crackdown on a sit-in demonstration calling for civilian rule. The campaign got underway nearly a week after the assault on

Published 10 Jun, 2019 12:00am

US axes non-essential services for kids at migrant shelters

When reporters toured a shelter for immigrant children in February, authorities showed off classrooms, soccer fields and art studios to prove the kids were being treated well. This week President Donald Trump's administration cancelled all that special ca

Published 10 Jun, 2019 12:00am

Bangladesh highway blocked as fishermen protest catch ban

Several thousand fishermen blocked Bangladesh's busiest highway Sunday, police said, as protests escalated over a two-month fishing ban in the Bay of Bengal. The fishermen say the 65-day blockade - intended to replenish fish stocks - is driving them out o

Published 10 Jun, 2019 12:00am

Modi makes unscheduled stop at bombed Sri Lanka church

India's Prime Minister Narendra Modi made an unexpected visit Sunday to a Colombo church bombed during the Easter suicide attacks on his first trip to neighbouring Sri Lanka since his election triumph. Modi's cavalcade made a detour to St Anthony's shrine

Published 10 Jun, 2019 12:00am

New US ambassador meets with Iraqi FM in Baghdad

The new US ambassador in Baghdad submitted his credentials to Iraq's top diplomat, the foreign ministry announced Sunday, joining the embassy just weeks after Washington brought "non-essential" diplomatic staff home. Matthew Tueller has served as US ambas

Published 10 Jun, 2019 12:00am

Qatar urges de-escalation in US-Iran row

Qatar and other countries have been talking to both Iran and the United States about de-escalation, Qatari Foreign Minister Sheikh Mohammed bin Abdulrahman al-Thani said on Sunday, urging both sides to meet and find a compromise. "We believe that at one p

Published 10 Jun, 2019 12:00am

Venezuela says closing consulates in Canada

Venezuela has announced it will close its consulates in Vancouver, Toronto and Montreal, leaving only its embassy in Ottawa to handle its affairs in Canada. The Venezuelan foreign ministry, which announced the decision Saturday, said it was in response to

Published 10 Jun, 2019 12:00am

Kazakhstan elects new leader, as hundreds arrested in protests

Kazakhstan on Sunday elected the hand-picked successor of former president Nursultan Nazarbayev with 70 percent of the vote, exit polls showed, as police arrested hundreds of opposition protesters. The victory of career diplomat Kassym Jomart-Tokayev was

Published 10 Jun, 2019 12:00am

Just-rebuilt historic German sailing ship sinks

A collision between a vintage sailing ship and a container vessel in Germany injured five people and sunk the wooden ship which had just been restored at a cost of 1.5 million euros ($ 1.7 million), police said. The 43 passengers and crew aboard the "No 5

Published 10 Jun, 2019 12:00am

Key poll in early voting state has five US Democrats emerging

As the two dozen Democrats aspiring to the US presidency struggle for attention, a new survey in the first state to vote in 2020 shows five of them, led by former vice president Joe Biden, emerging with early leads. The CNN/Des Moines Register/Mediacom po

Published 10 Jun, 2019 12:00am

Germany says two states 'only solution' to Israeli-Palestinian conflict

Germany's top diplomat on Sunday reaffirmed his country's support for a two-state solution to the Israeli-Palestinian conflict ahead of a long-awaited US peace plan. "We are still in agreement that reaching a two-state solution through negotiations is the

Published 10 Jun, 2019 12:00am

'Government must heavily penalise property hoarders' an interview with Mohammad Hasan Bakshi, Chairman ABAD

Housing is a top agenda for the PTI government and under the flagship Naya Pakistan Housing Plan (NPHP), PM Imran Khan wants to facilitate the construction of 5 million affordable houses across the country. To put that in context, the existing shortage of

Published 10 Jun, 2019 12:00am

'Government must heavily penalise property hoarders' an interview with Mohammad Hasan Bakshi, Chairman ABAD

Housing is a top agenda for the PTI government and under the flagship Naya Pakistan Housing Plan (NPHP), PM Imran Khan wants to facilitate the construction of 5 million affordable houses across the country. To put that in context, the existing shortage of

Published 10 Jun, 2019 12:00am

Water shortage persists in RCB

As the weather turned hot, the residents of various localities were facing water shortage. They expressed fear that the situation would become worse in the coming days as Rawalpindi Cantonment Board (RCB) had no effective strategy to cope with the situati

Published 10 Jun, 2019 12:00am

SNGPL severs illegal gas connections in KP's several districts

Sui Northern Gas Pipeline Limited (SNGPL) has disconnected several illegal gas connections during ongoing crackdown against gas theft in Peshawar and other districts of Khyber Pakhtunkhwa. According to the statement issued here on Sunday, SNGPL Peshawar t

Published 10 Jun, 2019 12:00am

No compromise on law, order in tribal districts: minister

Khyber Pakhtunkhwa Information Minister Shaukat Yousafzai has vowed that no one will be allowed to disturb law and order situation in tribal districts of the province. "Peace has been restored in tribal area after great sacrifices of security forces and g

Published 10 Jun, 2019 12:00am

Nation proud of sacrifices of martyrs: Haleem

Pakistan Tehreek e Insaf (PTI) parliamentary leader in Sindh assembly Haleem Adil Sheikh has said that the nation is proud of the great sacrifices of our martyrs. According to details, Haleem Adil Sheikh participated in Qul gathering for Shaheed Major Moe

Published 10 Jun, 2019 12:00am

Dozens of vehicles reduced to ashes mysteriously

Dozens of vehicles, parked within the premises of Hassanabdal Police station in Rawalpindi, were reduced to ashes in a mysterious fire on Sunday. Officials stationed at the police station cited 'the extreme hot and dry weather' as the reason behind the bl

Published 10 Jun, 2019 12:00am

Tharparkar all set to tackle with hot weather's issues

Tharparkar Health department has taken various steps to save people from heatstroke. In this connection, special wards have been established to handle the patients of heatstroke in hospitals of the district. All necessary items, including air-conditions a

Published 10 Jun, 2019 12:00am

Karachi needs desalination plant: Alvi

President Dr Arif Alvi on Sunday said that a desalination plant with the capacity to treat 1100 to 1400 million gallons of water per day was a viable option to meet the challenge of water scarcity in Karachi. He said to turn the arrangement all the more f

Published 10 Jun, 2019 12:00am

Farewell dinner hosted for US Consul General

The Secretary General of Center for Peace, Security and Development (CPSD) Ahsan Mukhtar Zubairi hosted farewell dinner for Consul General of the United States of America (USA) in Karachi JoAnne Wagner here at his residence other night. The reception was

Published 10 Jun, 2019 12:00am

Biometric verification: private Hujjaj urged to visit Etimad Centre

The intending pilgrims of private hajj scheme have been asked to contact their nearest Etimad Visa Service Centers for biometric verification of their finger prints. According to a social media message of the Ministry of Religious Affairs and Interfaith H

Published 10 Jun, 2019 12:00am

'Modern tech made possible to provide brain treatment without opening of head'

Head of Punjab Institute of Neuro Sciences and renowned neuro surgeon Professor Dr Khalid Mahmood has said that development of medical science and modern technology have made it possible to provide the brain treatment to the patients without opening of he

Published 10 Jun, 2019 12:00am

Mirwaiz pays tributes to Molvi Mushtaq on his anniversary

The Chairman of Awami Action Committee (AAC), Mirwaiz Umar Farooq and the AAC members, in Indian occupied Kashmir, have paid tributes Molvi Mushtaq Ahmed on his 15th death anniversary. According to Kashmir Media Service, the AAC spokesman in a statement i

Published 10 Jun, 2019 12:00am

Minor girl dumped in neighbour's drum expires during treatment

A two-year-old girl found dumped in a drum at a neighbour's house in the Sharafi Goth, Malir on Saturday evening later died during treatment. She was identified as Urwaa, daughter of Rahimullah. The house is located in Mominabad No 1, Sharafi Goth.

Published 10 Jun, 2019 12:00am

Sindh government wants rehabilitation of KCR land's affectees

The Sindh Government - one of the major stakeholders of Karachi Circular Railway project (KCR), seems to have serious objections to the modus operandi of the ongoing anti-encroachment operation along the KCR route, as the provincial ministers called for a

Published 10 Jun, 2019 12:00am

Prices of essential commodities soar considerably in retail market

Prices of essential food commodities, including vegetable, pulses, live chicken/meat, sugar, fruits and others have risen considerably in retail market, according to survey conducted by Business Recorder here on Sunday.

Published 10 Jun, 2019 12:00am

Exchange

PM, Xi likely to meet on June 13

Prime Minister Imran Khan and Chinese President Xi Jinping are likely to meet on June 13, on the sideline of 19th meeting of the Council of Heads of State of the Shanghai Cooperation Organization (SCO) to be held in Bishkek.

Published 10 Jun, 2019 12:00am

Khewra salt mine second largest in world

The famous Khewra city is famous for having worlds second largest Salt mine; largest by area wise rock salt mine in the world. Official sources told Business Recorder during the visit to the salt mine here on Saturday that the reserves contain rock

Published 10 Jun, 2019 12:00am

Over 200 acres of Railways' land under illegal occupation of Punjab, KP governments

Over 200 acre of commercial and residential land of Pakistan Railways was under illegal occupation of the provincial governments of Khyber Pakhtunkhwa (KP) and Punjab. Around 113.55 acres railways land were under unauthorized utilization of different gove

Published 10 Jun, 2019 12:00am

PFA seals three eateries, penalises 105 FBOs

The Punjab Food Authority (PFA) checked as many as 1,229 food points, shut down three eateries and penalized 105 food business operators (FBOs) with a heavy fine during Eid Days. The teams took action against them owing to violate the rules of the provinc

Published 10 Jun, 2019 12:00am

Shahbaz will run back to London soon, claims Rashid

Federal Minister for Railways Sheikh Rashid Ahmad claimed that Shahbaz Sharif who has recently returned to Pakistan from London is likely to head back after the budget session. Rashid said that the leader of Pakistan Muslim League (Nawaz) Shahbaz Sharif w

Published 10 Jun, 2019 12:00am

TCKP's tented villages in Hazara attract tourists

The camping pods and tented villages setup by the Tourism Corporation Khyber Pakhtunkhwa (TCKP) has attracted huge number of tourists in Hazara and Malakand regions during Eidul Fitr holidays. The tourists were provided quality accommodations facilities i

Published 10 Jun, 2019 12:00am

Auto industry critical of proposed EV policy

Local auto industry believes that the proposed policy for electric vehicles (EV) is in contradiction with the Auto Industry Development Policy 2016-21. Also, the proposed Electric Vehicles (EV) Policy does not support 'Make in Pakistan' which shows the EV

Published 10 Jun, 2019 12:00am

IST catering to Sialkot's surgical industry's needs

Institute of Surgical Technology successfully functioning and catering the need of surgical industry of Sialkot. The major objective of the establishment of Institute of Surgical Technology (IST) was to provide skilled work force in different surgical ins

Published 10 Jun, 2019 12:00am

Overcharging: 60 transporters fined

District administration and Provincial Transport Authority (PTA) penalized 60 commuters' vehicles for overcharging commuters returning the provincial capital after Eid-ul-Fitr vacations. On public complaints regarding overcharging by the transporters, the

Published 10 Jun, 2019 12:00am

Currency

Ex-FPCCI VP calls for reforming SME sector

Former Vice President (VP) Federation of Pakistan Chamber of Commerce and Industry (FPCCI), Mohammad Adnan Jalil has called for giving big importance to SME sector and adopting of workable policy for upcoming entrepreneurs, easy access to credit tax rebat

Published 10 Jun, 2019 12:00am

ANP holds rallies against price hike in different cities of KP

Hundreds of activists of Awami National Party (ANP) on Sunday took out rallies in different cities of Khyber Pakhtunkhwa against the increasing price-hike, increase in petroleum commodities, electricity and gas tariff.

Published 10 Jun, 2019 12:00am

People urged to take precautionary steps during heatwave

As the Pakistan Meteorological Department has forecast mainly very hot and dry in most parts of the country during the next week, health experts have suggested the residents of twin cities to adopt protective measures to stay safe from various diseases wh

Published 10 Jun, 2019 12:00am

Iran hands over 98 illegal immigrants to Levies

The Iranian authorities handed over 98 illegal Pakistani immigrants to Levies Force at the Taftan border in Chaghi district on Sunday. According to official sources, the detained people were arrested from different cities of Iran for living without valid

Published 10 Jun, 2019 12:00am

Pakistani embassy in Kabul: FO rejects reports about Afghan citizens' protest

The Foreign Office has rejected media reports that a group of Afghan citizens created uproar outside Pakistan Embassy in Kabul on Sunday over not being granted visas to visit Pakistan. In a statement issued here, the Foreign Office said, "There was no inc

Published 10 Jun, 2019 12:00am

Hajj rituals training for pilgrims begins

The Hajj ritual training of the successful pilgrims of second hajj balloting has begun in their respective Hajji camps, said Ministry of Religious Affairs and Interfaith Harmony's social media message. The comprehensive training programmes would continue

Published 10 Jun, 2019 12:00am

Removal of ATP chief: PHC issues notices to PM Office, ministry

Peshawar High Court (PHC) has issued notices to the office of Prime Minister and Ministry of Law in a constitutional petition seeking the removal of Chairman Appellate Tribunal of Pakistan (ATP). It is reliably learnt that the petition has been moved by a

Published 10 Jun, 2019 12:00am

President condoles Allama Abbas Kumaili's death

President Dr Arif Alvi has expressed his deep grief and sorrow over the death of eminent religious scholar Allama Abbas Kumaili. The President, in his condolence message here on Sunday, said that late Allama Kumaili was a strong advocate for the cause of

Published 10 Jun, 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 22	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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