News Archives for Print - 2019-06-18

Print - 2019-06-18

Asia's naphtha turns positive on war risk concerns

Asia's naphtha crack returned to the positive zone, after being at discounted levels since the value turned negative last week for the first time in over a decade.

Published 18 Jun, 2019 12:00am

China's May steel output hits record

China's crude steel output hit a record high in May, official data showed on Friday, even as a jump in prices of raw materials, particularly iron ore, cut into mills' profit margins.

Published 18 Jun, 2019 12:00am

Exchange

Vietnam's coffee prices up as farmers hold off selling

Vietnam's domestic coffee prices rose about 2.1% on Thursday from a week earlier, mainly on exchange rate fluctuations which prompted some farmers to refrain from selling.

Published 18 Jun, 2019 12:00am

China seeks to roll July US soyabean cargoes to August

Chinese soyabean buyers are asking sellers in the United States to delay cargoes due to be shipped in July until August, two sources familiar with the matter said, raising fears of cancellations like ones that roiled the market last year.

Published 18 Jun, 2019 12:00am

Activities at Karachi and Qasim port

The Karachi Port handled 122,812 tonnes of cargo comprising 76,866 tonnes of import cargo and 45,946 tonnes of export cargo including 1,701 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday.

Published 18 Jun, 2019 12:00am

CBOT soyabean futures higher

Chicago Board of Trade soyabean futures closed higher on Friday on forecasts for rains in the US Midwest that will likely stall late soyabean planting progress, traders said.

Published 18 Jun, 2019 12:00am

CBOT corn hits five-year high

Chicago Board of Trade corn futures hit a five-year high on Friday on firm cash markets and technical buying as forecasts for more showers in the eastern Midwest next week clouded the outlook for production, traders said.

Published 18 Jun, 2019 12:00am

Brazil's May coffee exports up

Brazilian coffee exporters shipped 3.19 million 60-kg bags of green coffee in May, 114% more than in the same month a year earlier, as large local supplies allow for continuing growth in monthly exporting volumes.

Published 18 Jun, 2019 12:00am

Indian shares plunge

Indian shares ended more than 1% lower on Monday, dragged by metal and energy stocks, while the country's move to slap retaliatory tariffs on certain US goods stoked fears of a trade tiff between the two countries.

Published 18 Jun, 2019 12:00am

Bali Utd scores on stock market first for SE Asian club

Bali United soared on its stock market debut in Jakarta Monday, marking the first time that a Southeast Asian football club has gone public. The listing puts the team among top clubs Manchester United, Juventus and Borussia Dortmund which have also previo

Published 18 Jun, 2019 12:00am

Southeast Asian stocks settle lower

Southeast Asian stock markets settled lower on Monday as investors exercised caution ahead of key central bank policy meetings later this week, while political ructions in the Middle East and Hong Kong stifled risk appetite across the region.

Published 18 Jun, 2019 12:00am

Monday's early afternoon trade: Wall Street holds on to gains; Fed policy meeting eyed

Wall Street's main indexes rose on Monday, with the tech-heavy Nasdaq leading the pack, as investors awaited a key Federal Reserve meeting that is expected to lay the groundwork for an interest rate cut later this year.

Published 18 Jun, 2019 12:00am

Hong Kong shares up

The Hong Kong stock market closed higher on Monday as local officials suspended efforts to push for a controversial law, de-escalating mass protests, but trading was muted ahead of the US Federal Reserve meeting this week. At the close of trade, the Hang

Published 18 Jun, 2019 12:00am

Exchange

Shanghai shares rise on stimulus hopes

Chinese stocks ticked up on Monday on expectations of further policy support, but trading remained subdued as investors awaited cues from the US-China trade negotiations at the G20 summit later this month. At the close, the Shanghai Composite index was up

Published 18 Jun, 2019 12:00am

Saudi index up, other Gulf markets mixed

The Saudi market rose moderately on Monday, recovering some losses from previous sessions with most of its stocks gaining. Other indexes in the Gulf were mixed with Abu Dhabi and Qatar extending losses following last week's oil tanker attacks.

Published 18 Jun, 2019 12:00am

Nikkei edges up

Tokyo's benchmark Nikkei closed fractionally higher on Monday thanks to gains in blue-chip shares, with investors eyeing the US-China trade war and key central bank meetings this week. The Nikkei 225 index rose 0.03 percent, or 7.11 points, to 21,124.00,

Published 18 Jun, 2019 12:00am

European stocks lower, Lufthansa drags after profit warning

European stock markets closed marginally lower on Monday with a profit warning from Germany's Lufthansa hitting airline stocks, while markets globally awaited clues from the US Federal Reserve on its policy direction.

Published 18 Jun, 2019 12:00am

Australian, New Zealand shares down

Australian shares ended lower on Monday as investors took profits on heavyweight mining stocks after a strong rally last week, but sentiment was largely subdued ahead of a US Federal Reserve meeting later in the week.

Published 18 Jun, 2019 12:00am

Banks support FTSE even as airlines hit by Lufthansa warning

London's main index inched up on Monday as rises in banking shares outweighed the impact of a profit alert from Germany's Lufthansa on airlines, while UK contractor Kier Group skidded to an all-time low.

Published 18 Jun, 2019 12:00am

Huawei phone sales plunge, cutbacks planned as US pressure bites

Huawei's founder said Monday the Chinese telecom giant's overseas smartphone sales have tumbled since the US last month threatened to blacklist the company, and he warned the embattled firm would slash production to weather the US drive to isolate it. The

Published 18 Jun, 2019 12:00am

Huawei phone sales plunge, cutbacks planned as US pressure bites

Published 18 Jun, 2019 12:00am

Exchange

Jet Airways lenders to go to bankruptcy court

Lenders to crippled Jet Airways said Monday they would start bankruptcy court proceedings after failing to find someone to take over the Indian carrier. Once India's biggest private airline, Jet stopped operating in April after it ran out of cash and its

Published 18 Jun, 2019 12:00am

Exchange

Citi combines rates and currencies businesses

Citigroup Inc said on Monday it is combining its Foreign Exchange & Local Markets and G10 currencies businesses into one unit. "We believe this more streamlined operating model will drive better client service, risk management and profitability," the co-h

Published 18 Jun, 2019 12:00am

Exchange

Citi combines rates and currencies businesses

Published 18 Jun, 2019 12:00am

Exchange

Drahi to acquire Sotheby's in $3.7 billion deal

French telecoms and media mogul Patrick Drahi is acquiring Sotheby's auction house, one of the world's biggest art brokers, in a $3.7 billion deal, the British-founded company announced Monday. Drahi, the billionaire founder of the Altice empire which own

Published 18 Jun, 2019 12:00am

Exchange

Drahi to acquire Sotheby's in $3.7 billion deal

Published 18 Jun, 2019 12:00am

Eurozone wages post record rise in first quarter

Eurozone wages rose in the first quarter of the year at the highest pace ever recorded since data is collected, data from the European Union's statistics office showed on Monday. The increase is a positive signal for the European Central Bank's plans to d

Published 18 Jun, 2019 12:00am

Sports Illustrated to be headed by former Yahoo CEO

Sports Illustrated's media operations were sold for the second time in less than a month in a deal announced Monday that puts former Yahoo top executive Ross Levinsohn at the helm of the iconic sports magazine. The Maven, a small publicly traded firm focu

Published 18 Jun, 2019 12:00am

Pfizer acquires Array Biopharma, valued at $11.4 billion

US pharmaceutical giant Pfizer on Monday announced the acquisition of Array BioPharma, a biotechnology firm that specializes in cancer drugs, the latest in a long list of biotech mergers in recent years. In a statement, Pfizer said it offered $48 per shar

Published 18 Jun, 2019 12:00am

Pfizer acquires Array Biopharma, valued at $11.4 billion

Published 18 Jun, 2019 12:00am

Canada drug store chain to use blockchain to trace cannabis

Canada's biggest drug store chain said Monday it plans to use blockchain technology to trace the source of the cannabis it distributes, as part of an effort to set standards for the flourishing industry. Shoppers Drug Mart said it was teaming up with Cana

Published 18 Jun, 2019 12:00am

Nordea's Danish offices raided in money laundering probe

The Nordic region's largest bank Nordea said Monday that Danish prosecutors had raided its offices in Denmark as part of an investigation into money laundering. The Danish State Prosecutor for Serious Economic and International Crime seized physical and d

Published 18 Jun, 2019 12:00am

Record plunge in manufacturing for New York region: New York Fed

Manufacturing activity in New York State took a record dive this month and fell into contraction, suddenly reversing recent gains, the Federal Reserve Bank of New York reported Monday. The surprising drop was another worrying sign for the US manufacturing

Published 18 Jun, 2019 12:00am

Kerb

Facebook set to unveil new cryptocurrency

Facebook is set Tuesday to unveil a bid to bring cryptocurrency payments into the mainstream, reportedly with the endorsement of governments and financial giants. The world's biggest social network is expected to outline details of a virtual currency laun

Published 18 Jun, 2019 12:00am

Safety and pollution top of the agenda as Paris Air Show opens

Aviation executives descended on the Paris Air Show on Monday with pledges to improve transparency over plane safety in the wake of the Boeing 737 MAX crisis and to reduce emissions. Few blockbuster products or orders are expected at the world's biggest a

Published 18 Jun, 2019 12:00am

Getting Babar out was 'dream' delivery, says Yadav

India's Kuldeep Yadav admitted bowling Pakistan batsman Babar Azam in the World Cup with a magical delivery that tossed and turned was a "dream" for any spinner. Yadav returned figures of 2-32 with his left-arm wrist spin to play a key role in India's 89-

Published 18 Jun, 2019 12:00am

Arthur wants Pakistan to summon 'cornered tigers' spirit

Pakistan coach Mickey Arthur has vowed to remind his players of the "cornered tigers" spirit which Imran Khan instilled in his team-mates to win the 1992 World Cup. An 89-run defeat by arch rivals India in Manchester on Sunday has left Pakistan's hopes of

Published 18 Jun, 2019 12:00am

India can demoralise World Cup opponents, says Srikkanth

Former India captain Krishnamachari Srikkanth says Virat Kohli side's are having a demoralising effect on their World Cup opponents. India beat Pakistan by 89 runs via DLS method in Manchester on Sunday to extend their blistering start to the World Cup. T

Published 18 Jun, 2019 12:00am

Shakib stars as Bangladesh stun West Indies with second highest World Cup chase

Bangladesh powered to the second highest run chase in World Cup history as Shakib Al Hasan's brilliant century clinched a remarkable seven-wicket win over the West Indies on Monday. Shakib blasted 124 from 99 balls and Linton Das hit a superb 94 from 69 d

Published 18 Jun, 2019 12:00am

Woodland denies Koepka with three-stroke US Open triumph

Gary Woodland won the 119th US Open on Sunday, capturing his first major title with a 13-under par total to deny two-time defending champion Brook Koepka's bid for history at Pebble Beach. Woodland punctuated the victory with a birdie bomb at 18, a final

Published 18 Jun, 2019 12:00am

Perth to host Australia-France Fed Cup final

Perth was Monday named as host city for the Fed Cup final between Australia and France later this year - the first to be held Down Under for four decades. The women's team showdown on November 9-10 will be played on hardcourts at the west coast city's RAC

Published 18 Jun, 2019 12:00am

Uruguay crush 10-man Ecuador in Copa America

Luis Suarez and Edinson Cavani were on target as Uruguay thumped 10-man Ecuador 4-0 in their opening Group C match at the Copa America on Sunday. Nicolas Lodeiro opened the scoring after just six minutes before Ecuador full-back Jose Quintero was dismisse

Published 18 Jun, 2019 12:00am

Aussie, kiwi nurse losses

The Australian and New Zealand dollars huddled near multi-month lows on Monday after their US counterpart got a lift from upbeat domestic data, a stark contrast to disappointing numbers out of major trading partner China. The Aussie was hanging on grimly

Published 18 Jun, 2019 12:00am

Currency

Strong data keeps dollar up in Asia

The dollar held near a two-week high against its major rivals on Monday ahead of a crucial US Federal Reserve meeting that many expect will lay the groundwork for an interest rate cut to bolster the world's largest economy. While strong US retail sales on

Published 18 Jun, 2019 12:00am

Currency

Early trade in New York: dollar slips, rate cut bets ease ahead of Fed meeting

The US dollar was modestly lower on Monday on weak economic data, but remained near the two-week high set earlier in the session as investors reconsidered how dovish the Federal Reserve is likely to be at this week's policy meeting. Broader currency marke

Published 18 Jun, 2019 12:00am

Currency

Dollar hits two-week high in Europe

The US dollar rose to a two-week high on Monday as strong economic data led investors to think again about how dovish the Federal Reserve is likely to sound at this week's meeting. Broader currency markets were quiet, as traders hesitated to put on large

Published 18 Jun, 2019 12:00am

Currency

Rouble near eight-week high

The Russian rouble firmed towards multi-week highs on Monday after Friday's central bank rate cut boosted demand for Russian OFZ treasury bonds, while stocks slid slightly from all-time highs hit last week. The rouble was 0.3% stronger at 64.18 as of 1420

Published 18 Jun, 2019 12:00am

Currency

Most Asian currencies weaken ahead of Fed meeting

Most Asian currencies weakened on Monday as the US dollar drew strength from strong retail sales data that tempered market expectations that the Federal Reserve could cut interest rates this week. Despite a mild pull-back, the dollar index hung around two

Published 18 Jun, 2019 12:00am

Sri Lankan rupee Falls

Sri Lankan rupee ended at 176.75/85 per dollar on Monday, compared with Friday's close of 176.70/90, market sources said. Analysts expect the rupee to weaken further as money flows out of stocks and government securities. The rupee fell 0.14% last week bu

Published 18 Jun, 2019 12:00am

Currency

Turkish bank extends cheaper liquidity to primary dealers

Turkey's central bank said on Monday it will extend a liquidity facility to primary-dealer banks with an interest rate set at 23%, below its 24% policy rate, a move expected to lower the average cost of funding. The facility would be limited in part by do

Published 18 Jun, 2019 12:00am

Currency

Sterling falls to 5-1/2 months low as Johnson's lead grows

The pound dived to a near six-month low against the dollar on Monday as concerns grew that arch-Brexiteer Boris Johnson will replace Theresa May as prime minister as he remains far ahead of his rivals in the race to lead their ruling Conservative Party. J

Published 18 Jun, 2019 12:00am

Currency

Most Latam currencies rise against dollar

Latin American currencies largely rose against a softer dollar on Monday ahead of a US Federal Reserve policy setting meeting this week which is expected to lay the groundwork for a rate cut later this year. Lower US interest rate boost the relative attra

Published 18 Jun, 2019 12:00am

UN agency denounces Huthi manipulation of Yemen food aid

The head of the World Food Programme threatened Monday to suspend aid deliveries to Huthi-controlled areas of Yemen, charging that the humanitarian relief supplies were being "manipulated." David Beasley, the UN agency's director general, said deliveries

Published 18 Jun, 2019 12:00am

Venezuela bus accident kills 18

At least 18 people were killed Sunday in a bus accident in a rural area of western Venezuela, police said. "Fourteen deaths were reported at the scene of the accident, 33 injured were transferred to the hospital in Villa del Rosario, where four of them di

Published 18 Jun, 2019 12:00am

India doctors call off strike

Doctors in India's West Bengal state on Monday called off a week-long strike after authorities promised better workplace security in the wake of violent attacks that had prompted a nationwide day of action. Tens of thousands of Indian doctors had walked o

Published 18 Jun, 2019 12:00am

Exchange

Xi to visit North Korea this week ahead of G20

Xi Jinping will make the first trip to North Korea by a Chinese president in 14 years this week, state media said Monday, as Beijing tightens relations with Pyongyang amid tensions with the United States. Xi will visit Pyongyang on Thursday and Friday at

Published 18 Jun, 2019 12:00am

Ethiopian Airlines rejects 'pilot error' claim in US

A US politician who blamed pilot error for contributing to the deadly crash of a Boeing 737 MAX flown by Ethiopian Airlines was "seriously misinformed", the carrier's boss has said. Republican Sam Graves told a House of Representatives hearing last month

Published 18 Jun, 2019 12:00am

30 killed in triple suicide bombing in NE Nigeria

Thirty people were killed late Sunday in a triple suicide bombing in northeast Nigeria, emergency services reported, in an attack bearing the hallmarks of the Boko Haram jihadist group. Three bombers detonated their explosives outside a hall in Konduga, 3

Published 18 Jun, 2019 12:00am

Exchange

Qatar to distribute new Gaza aid funds

Gulf state Qatar is set to distribute more than $10 million in aid to thousands of cash-strapped Palestinians in the Gaza Strip, a Qatari official said on Monday. The money was brought into the Hamas-controlled enclave Sunday evening by the Qatari ambassa

Published 18 Jun, 2019 12:00am

Heiress and legendary socialite Gloria Vanderbilt dies

American heiress Gloria Vanderbilt, a designer and artist who became one of the most chronicled socialites of her era, died Monday after a battle with stomach cancer, her son announced. She was 95 years old. The great-great granddaughter of railroad tycoo

Published 18 Jun, 2019 12:00am

EU drops sanctions threat against Maldives

The European Union on Monday dropped the threat of sanctions against the Maldives, saying the political situation had improved in the Indian Ocean archipelago since President Ibrahim Mohamed Solih's election. The bloc introduced a legal framework to allow

Published 18 Jun, 2019 12:00am

Russia frees editor after outcry

A Russian court on Monday released a newspaper editor and former lawmaker, who had been held on extortion charges, after an outcry from supporters and international organisations. Igor Rudnikov, founder and editor of Novye Kolesa in the Russian exclave of

Published 18 Jun, 2019 12:00am

Sri Lanka abusing UN law to make arrests: rights group

Media activists on Monday accused Sri Lankan police of using a UN convention on hate speech to crack down on media freedom and the country's Muslim minority. The Free Media Movement rights group said the police Special Task Force (STF) attempted to arrest

Published 18 Jun, 2019 12:00am

US Supreme Court declines to change double jeopardy rule

The US Supreme Court on Monday upheld a longstanding rule stating that prosecuting someone separately in state and then federal court for the same crime does not violate a defendant's protection against double jeopardy. Americans have long understood that

Published 18 Jun, 2019 12:00am

Twelve dead after migrant boat sinks off Turkey

Twelve people died after a boat carrying migrants sank off southwestern Turkey on Monday, the coastguard said. Thirty-one migrants were rescued after the boat went down off the coast of Bodrum district in Mugla province, the coastguard added, with search

Published 18 Jun, 2019 12:00am

World must not 'yield to nuclear extortion' by Iran: US

The United States warned Monday the world must not give in to Iranian "extortion," after Tehran said it would surpass the uranium stockpile limit set under the 2015 nuclear deal abandoned by Washington. "We should not yield to nuclear extortion," said Sta

Published 18 Jun, 2019 12:00am

Europe anxious as Iran sets countdown to surpass uranium limit

Iran said Monday it will surpass from June 27 a uranium stockpile limit set under the nuclear deal with world powers that the US abandoned last year, worrying EU powers who urged Tehran against ultimatums. French President Emmanuel Macron encouraged Iran

Published 18 Jun, 2019 12:00am

Cotton

Cotton hits over one-week high

Cotton prices rose on Monday to hit its highest in more than a week, as investors rolled over their positions from the front-month contract, while a stronger grains market further supported the natural fibre. The most active cotton contract on ICE Futures

Published 18 Jun, 2019 12:00am

Exchange

Copper recovers as China output falls, strike hits mine

Copper prices recovered on Monday, boosted by a mine strike and weak Chinese output, but other industrial metals were pressured by nervousness about the damage to growth and demand from the US-China trade dispute. Benchmark copper on the London Metal Exch

Published 18 Jun, 2019 12:00am

Oil prices fall as economic worries outweigh tanker tensions

Oil prices fell more than 1% on Monday after more poor Chinese economic figures fanned fears of lower worldwide oil demand. Brent crude futures lost $1.07 to settle at $60.94 a barrel, a 1.73 percent loss. US West Texas Intermediate (WTI) crude futures fe

Published 18 Jun, 2019 12:00am

Exchange

Palm oil climbs tracking soya

Malaysian palm oil futures rose on Monday, shadowing higher US soyaoil prices on the Chicago Board of Trade (CBOT), while a softer ringgit also supported. The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange wa

Published 18 Jun, 2019 12:00am

Gold falls in Asia

Gold retreated further on Monday from a 14-month peak hit in the previous session as the dollar strengthened on strong US retail sales data before the US Federal Reserve meeting this week. Spot gold was down 0.6% at $1,333.81 per ounce at 0946 GMT. Gold h

Published 18 Jun, 2019 12:00am

Exchange

Gold down in Europe

Gold prices slipped further on Monday after sliding from a more-than-14-month high the previous session following upbeat US economic data that dampened expectations the Federal Reserve would ease interest rates. Spot gold edged 0.1% lower to $1,340.20 per

Published 18 Jun, 2019 12:00am

Sugar slips from 1-1/2 months high, coffee down

Raw sugar prices on ICE slipped on Monday as July options expired, after hitting a 1-1/2-month high on Friday while arabica coffee hit a three-week low. July raw sugar settled down 0.09 cent or 0.7% at 12.66 cents per lb. Prices peaked at 12.77, just shy

Published 18 Jun, 2019 12:00am

Exchange

US MIDDAY: gold slips

Gold prices slipped further on Monday after sliding from a more-than-14-month high the previous session on upbeat US economic data that dampened expectations the Federal Reserve could ease interest rates. Spot gold edged 0.2% lower to $1,338.90 per ounce

Published 18 Jun, 2019 12:00am

High speed trains projects: Rashid invites Japan to become partner

Railways Minister Sheikh Rashid Ahmed Monday invited Japan to become a partner in the projects of high speed trains from Rawalpindi to Lahore and Karachi to Hyderabad. According to the railways spokesperson, the proposal was presented in a meeting with Ja

Published 18 Jun, 2019 12:00am

Razak welcomes Japanese businessmen for investment

Executive Vice President and Chief Operating Officer (COO) of an eminent Japanese company Mitsui, Mori Moto, along with other representatives of the company called on Advisor to Prime Minister on Commerce, Textile, Industries & Production and Investment A

Published 18 Jun, 2019 12:00am

Exchange

Appointment of Arshad as PTVC chairman: IHC issues notices to secretaries, other respondents

The Islamabad High Court (IHC) on Monday issued notices to secretaries of Information Ministry and Cabinet Division and other respondents in a petition challenging the appointment of Arshad Khan as chairman Pakistan Television Corporation (PTVC). A single

Published 18 Jun, 2019 12:00am

Reon Energy's solar project commences at FCCL Jhang

Pakistan - Reon Energy Limited Monday announced the Commissioning of its latest 12.5 MW captive solar power project at Fauji Cement Company Limited (FCCL) in Jhang Bahtar, Punjab. The proposed move is a key step in commercializing a unit in order to achie

Published 18 Jun, 2019 12:00am

Non-payment of salaries to media workers: NA body seeks report

The Standing Committee on Information, Broadcasting, National History and Literary Heritage of National Assembly on Monday sought a comprehensive report in the next meeting on the issue of nonpayment of salaries to media workers. The committee was chaired

Published 18 Jun, 2019 12:00am

Sindh PA opens post-budget debate

The Sindh Assembly on Monday opened its post-budget 2019-20 debate with the treasury legislators claiming the PPP changed the outlook of the province in its 10-year tenure but opposition censured government for the poor governance over the past one decade

Published 18 Jun, 2019 12:00am

Exchange

Pakistan Petroleum Limited

Pakistan Petroleum Limited (PSX: PPL) has been an aggressive player in the oil and gas exploration and production sector, responsible for over 22 percent of the country's gas production. In 1997, BOC disinvested from the E&P sector worldwide and sold its

Updated 18 Jun, 2019 06:47am

Mutual Funds

Pakistan Petroleum Limited

Published 18 Jun, 2019 12:00am

CETC team visits NUST

Led by its Chairman Xiong Qunli, a 23-member delegation from the Chinese tech giant China Electronics Technology Group Corporation (CETC) paid a visit to National University of Sciences & Technology (NUST) here on Sunday.

Published 18 Jun, 2019 12:00am

IFC partnering with PBC to promote family-friendly policies

IFC, a member of the World Bank Group, will work with the business advocacy group The Pakistan Business Council (PBC) to promote better career opportunities for working parents and implement family-friendly practices, such as childcare benefits.

Published 18 Jun, 2019 12:00am

Emir of Qatar will arrive on June 23

Emir of Qatar Sheikh Tamim Bin Hamad Al-Thani would make historic visit to Pakistan on Sunday (June 23) and announcement of $ 22 billion investment in various sectors of the country is expected.

Published 18 Jun, 2019 12:00am

Anti-money laundering, organised crimes: 'UK desires to be seen as a partner'

Foreign Minister Shah Mahmood Qureshi met with the UK Home Secretary Rt. Hon. Sajid Javid at his office in the House of Commons in London. Qureshi and Javid discussed matters of bilateral interest and reviewed the ongoing security cooperation under the in

Published 18 Jun, 2019 12:00am

Avalanche strands 4 Italian, 3 local climbers

An Italian diplomat and two mountaineering workers in Pakistan said on Monday that an avalanche had stranded a group of four Italian and three Pakistani climbers on a mountain in the country's north. A tour operator, Ashraf Aman, who arranged the expediti

Published 18 Jun, 2019 12:00am

Two policemen martyred in Karachi gun attack

Two policemen were shot dead by unidentified men in the Orangi Town area of metropolis on Monday. The assailants, riding a motorcycle, managed to flee from the area after committing crime. A large contingent of law enforcers reached the spot and started t

Published 18 Jun, 2019 12:00am

CETC team visits NUST

Published 18 Jun, 2019 12:00am

Foundation of new Pakistan laid: Buzdar

Punjab Chief Minister Sardar Usman Buzdar Monday said that the foundation of a new Pakistan has been laid under the leadership of Prime Minister Imran Khan and the country is moving forward in the right direction introducing holistic reforms in a short sp

Published 18 Jun, 2019 12:00am

Cotton

Hamza foresees many mini budgets in future

Opposition leader in Punjab Assembly Hamza Shahbaz Sharif on Monday expressed his apprehension that many mini budgets are expected in near future. He said this while opening the budget speech in Punjab Assembly. He said 14-page budget short speech of fina

Published 18 Jun, 2019 12:00am

Cotton

Tax experts suggest amendments in refund rules

Tax experts proposed Monday that the law/refund rules need to be appropriately amended to provide for refund with the filing of monthly sales tax return as the export data/evidence is readily available with the customs authorities.

Published 18 Jun, 2019 12:00am

Dust storm, rain in Lahore

Despite hot and dry climate in most parts of the country, the city experience dust-thunderstorm/rain with gusty winds on Monday. According to the met office, mainly hot and dry weather is expected in most parts of the country. However, further dust-thunde

Published 18 Jun, 2019 12:00am

FPCCI forms body to help remove budget anomalies

Federation of Pakistan Chamber and Commerce and Industry (FPCCI) has constituted a 17-member committee to help remove anomalies and address the genuine grievances of the traders in the federal budget.

Published 18 Jun, 2019 12:00am

No NGO will be registered sans obtaining NOC from CTD: minister

Provincial Social Welfare and Bait-ul-Maal Minister Muhammad Ajmal Cheema has said no non-governmental organisation (NGO) would be registered in the province without obtaining non-objection certificate (NOC) from the Counter-Terrorism Department (CTD).

Published 18 Jun, 2019 12:00am

PTCL, LMKT secure first & third positions in Pakistan Startup Cup 2018-19

Pakistan Telecommunication Company Limited (PTCL) and LMKT (www.lmkt.com), a leading Pakistan-based technology services company, is pleased to announce that the National Incubation Center Peshawar startups secured first and third positions in the Pakistan

Published 18 Jun, 2019 12:00am

Rs 308 billion allocated for health sector: Dr Yasmin

Punjab Minister for Health Dr Yasmin Rashid has said that the present Punjab Government has allocated funds of Rs 308 billion in the next financial year for the development and strengthening of the health sector which is 8.4 percent increase over the prev

Published 18 Jun, 2019 12:00am

Exchange

Businessmen offered last chance to regularise assets

The government is fast moving towards documentation of economy and in this connection before taking harsh measures; the business community is being offered last opportunity to regularize their undeclared assets before June 30, 2019.

Published 18 Jun, 2019 12:00am

Punjab allocates Rs four billion for sports, youth affairs

With a vision to provide sports infrastructure for sports activities and to train talented players and youth, the Punjab government has allocated a sum of Rs 4.000 billion for Sports & Youth Affairs in its budget 2019-20 as against Rs 2.000 billion were a

Published 18 Jun, 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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