News Archives for Print - 2019-07-06

Print - 2019-07-06

Samsung flags 56 percent fall in second quarter profit

Samsung Electronics said Friday it expects operating profit to tumble 56 percent for the second quarter of this year in the face of a weakening chip market. The world's largest maker of smartphones and memory chips has enjoyed record profits in recent yea

Published 06 Jul, 2019 12:00am

Deutsche Bank's investment banking chief leaves

Germany's struggling lender Deutsche Bank said Friday the chief of its investment banking division was leaving the institution "by mutual agreement" ahead of a vast restructuring exercise.

Published 06 Jul, 2019 12:00am

Fed doesn't know 'what they're doing': Trump

US President Donald Trump on Friday lobbed another attack on the Federal Reserve, accusing it of incompetence for failing to stimulate the economy.

Published 06 Jul, 2019 12:00am

Poland moves to exempt young workers from income tax

Polish lawmakers have approved a measure that would exonerate most workers under the age of 26 from income taxes as the country seeks to stem the flow of its young people to other EU nations in search of better paying jobs.

Published 06 Jul, 2019 12:00am

Hollywood producer charged in Malaysia over 1MDB scandal

The Malaysian producer of Hollywood film "The Wolf of Wall Street" and stepson of the country's disgraced ex-leader was Friday charged with illegally receiving almost $250 million from state fund 1MDB. Riza Aziz pleaded not guilty to five charges of money

Published 06 Jul, 2019 12:00am

Joblessness in Canada ticks up to 5.5 percent as more seek work

The Canadian economy lost 2,200 jobs in June and the unemployment rate ticked up slightly to 5.5 percent as more people sought work, the government statistical agency reported on Friday.

Published 06 Jul, 2019 12:00am

Exchange

IMF reaches agreement with Argentina to release $5.4 billion loan tranche

The International Monetary Fund on Friday reached an agreement with Argentina that will release the next $5.4 billion disbursement under the loan program aimed to help stabilize the South American nation's economy.

Published 06 Jul, 2019 12:00am

Currency

US job growth accelerates, July rate cut still expected

US job growth rebounded strongly in June, with government payrolls surging, but persistent moderate wage gains and mounting evidence the economy was losing momentum could still encourage the Federal Reserve to cut interest rates this month.

Published 06 Jul, 2019 12:00am

Karunaratne wants more Sri Lanka players to get overseas experience

Sri Lanka captain Dimuth Karunaratne has urged his country's cricket chiefs to help more players enter overseas Twenty20 leagues to make up for the limitations of their domestic structure.

Published 06 Jul, 2019 12:00am

IOC lifts Kuwait suspension, clearing nation to compete in 2020 Olympics

Kuwait has been cleared to compete in the 2020 Olympics after the International Olympic Committee (IOC) announced on Friday it was lifting the suspension it imposed on the Kuwait Olympic Committee (KOC) four years ago.

Published 06 Jul, 2019 12:00am

Australia, India chase top league spot in World Cup

Australia and India will be aiming to finish top of the World Cup league phase and so avoid facing hosts England in the semi-finals as they prepare for the final day of round-robin matches.

Published 06 Jul, 2019 12:00am

World Cup final on free to air TV if England get there

The Cricket World Cup final will be available to watch on free-to-air television across Britain if England reach the climax of the 50-over showpiece, Sky Sports announced Friday.

Published 06 Jul, 2019 12:00am

Pakistan trounce Bangladesh but fail to earn semis place

Pakistan thumped Bangladesh by 94 runs in their final World Cup group match on Friday but it was not enough to earn them a place in the semi-finals as New Zealand went through on net run-rate.

Published 06 Jul, 2019 12:00am

Djokovic equals Becker mark with Wimbledon last 16 spot

Defending champion Novak Djokovic went level with Boris Becker's mark of 12 appearances in the Wimbledon fourth round on Friday despite a mid-match blip.

Published 06 Jul, 2019 12:00am

Anderson joins exit of Wimbledon seeds

Kevin Anderson, the 2018 runner-up, was dumped out of Wimbledon on Friday, leaving just four of the top 10 seeds in the tournament.

Published 06 Jul, 2019 12:00am

Jack Ma, Alipay in $145 million donation to Chinese women's football

Alibaba's founder Jack Ma and the e-commerce giant's digital payments arm Alipay will contribute to a $145 million donation for Chinese women's football, it was announced Friday, who despite underfunding routinely outperform the men's national team.

Published 06 Jul, 2019 12:00am

Aussie, kiwi steady

The Australian and New Zealand dollars held still on Friday ahead of data on US payrolls that could shake up expectations for how sharply the Federal Reserve might cut interest rates this month. The Aussie was a shade firmer at $0.7028 and comfortably abo

Published 06 Jul, 2019 12:00am

Currency

Dollar up in Asia

The dollar was firm on Friday but traders held off on making big bets ahead of the closely-watched US non-farm jobs report that could influence the course of near-term Federal Reserve policy. The dollar index against a basket of six major currencies stood

Published 06 Jul, 2019 12:00am

Early trade in New York: dollar gains against basket of currencies

The US dollar gained against a basket of currencies to its highest levels in 2-1/2 weeks on Friday after data showed that US job growth rebounded strongly in June. Non-farm payrolls increased by 224,000 jobs last month, the most in five months, and more t

Published 06 Jul, 2019 12:00am

Currency

Euro falls in Europe, on track for biggest weekly drop

The euro fell a fifth of a percent against the dollar on Friday and is set for its biggest weekly drop in three weeks as a relentless slide in government bond yields forced investors to look for higher-yielding assets elsewhere. Falling yields globally ha

Published 06 Jul, 2019 12:00am

Currency

SA's rand slumps

The rand slumped on Friday as data showing US job growth rebounded strongly in June sent the dollar sharply higher, while the resources sector led South African stocks lower. The South African currency was on course for a fall of around 0.8% for the week

Published 06 Jul, 2019 12:00am

Currency

Emerging Asian currencies subdued

Emerging Asian currencies were subdued on Friday as investors stayed cautious ahead of US employment data likely to help determine the Federal Reserve's path on monetary policy. Expectations of a July interest rate cut have risen lately due to a raft of w

Published 06 Jul, 2019 12:00am

Currency

Opportunist funds bet Turkey's financial shock is past its nadir

After a year of relentless currency crisis, a credit freeze and slide into recession, some global investors are betting Turkey has weathered the worst of its biggest financial and economic shock since its 2001 banking collapse - by accident or design. Whi

Published 06 Jul, 2019 12:00am

Currency

Opportunist funds bet Turkey's financial shock is past its nadir

Published 06 Jul, 2019 12:00am

Currency

Sterling sinks to 2019 low after run of poor data

The British pound hit a six-month low on Friday, having lost more than 1% over the week against the dollar after poor economic data and a rise in expectations that the Bank of England will cut interest rates. Better-than-expected US non-farm payrolls data

Published 06 Jul, 2019 12:00am

Rule of law in Venezuela 'eroded': UN rights chief

The rule of law has eroded in Venezuela, the UN rights chief warned Friday, pointing to attacks on political opponents and activists, including torture and thousands of killings by security forces.

Published 06 Jul, 2019 12:00am

UNESCO lists Iraq's Babylon as World Heritage Site

UNESCO's World Heritage Committee voted on Friday to list the sprawling Mesopotamian metropolis of Babylon as a World Heritage Site after three decades of lobbying efforts by Iraq.

Published 06 Jul, 2019 12:00am

Satirists mourn as MAD magazine folds

Mad Magazine has amused and outraged readers for nearly seventy years but now it is being pulled from newsstands, triggering testimonials from comedians and cartoonists.

Published 06 Jul, 2019 12:00am

Exchange

Seoul dissolves Japan fund for WWII sex slaves

A foundation set up to compensate victims of Japan's wartime sex slavery has been formally dissolved, South Korean officials said Friday, the latest chapter in a bitter dispute over the two countries' shared history. The $8.8 million fund was established

Published 06 Jul, 2019 12:00am

UN calls for Libya ceasefire as death toll climbs to 1,000

The UN Security Council called Friday for a ceasefire in Libya as the death toll from a three-month offensive on Tripoli reached 1,000 including scores killed in an air strike that hit a detention center for migrants.

Published 06 Jul, 2019 12:00am

NATO says no sign of Russia backing down in missile crisis

NATO chief Jens Stoltenberg warned Friday that the chances of saving a landmark Cold War arms treaty were decreasing day by day, after talks with Russian officials failed to yield any breakthrough. Russia and the United States have both suspended their pa

Published 06 Jul, 2019 12:00am

Currency

Somalia cuts diplomatic ties with Guinea

Somalia has cut diplomatic relations with Guinea after the head of the self-proclaimed Republic of Somaliland visited the West African country, the foreign ministry in Mogadishu has said.

Published 06 Jul, 2019 12:00am

Sri Lankan court suspends plans to carry out executions

Sri Lanka's Supreme Court on Friday suspended President Maithripala Sirisena's moves to end a 43-year-old moratorium on capital punishment by hanging four drug convicts. The court banned any executions until it has ruled on a petition seeking a declaratio

Published 06 Jul, 2019 12:00am

Seven reported dead in Bahamas helicopter crash

Seven people have been reported dead in a helicopter crash off the Bahamas, including US billionaire coal magnate Chris Cline. The chopper went down near a small outcrop in the country's north early on Thursday morning, the Nassau Guardian newspaper repor

Published 06 Jul, 2019 12:00am

French strike delays final exam results for thousands

Thousands of high-school students in France received only provisional results from their baccalaureat exams on Friday due to a strike by hundreds of teachers who have refused to return marked papers. Around 700 striking teachers did not return their marki

Published 06 Jul, 2019 12:00am

Joss Stone deported from Iran

British singer Joss Stone said she was "gutted" after being deported from Iran ahead of the latest leg of a world tour that has already taken her to Syria and North Korea.

Published 06 Jul, 2019 12:00am

Eva Kor, survivor of Auschwitz doctor Mengele, dies

Eva Mozes Kor, a survivor of Auschwitz and the death camp's infamous doctor Josef Mengele, has passed away in Poland during a trip to the Holocaust site, sources said. The Romanian-born Kor, who founded the Candles Museum in Terre Haute, Indiana and devot

Published 06 Jul, 2019 12:00am

Germany, Poland urge EU integration of Western Balkan states

Germany and Poland urged Friday that countries such as Albania and North Macedonia be integrated into the EU, despite reluctance from France, the Netherlands and other northern member states. Their arguments came during a summit in Poznan, western Poland,

Published 06 Jul, 2019 12:00am

Oil rises on Iran tensions, Opec output cuts

Oil futures rose on Friday as tensions over Iran and an extension to output cuts by Opec and its allies boosted prices, but mixed economic data limited the rally. Brent crude futures settled at $64.23 a barrel, up 93 cents, or 1.47%. US West Texas Interme

Published 06 Jul, 2019 12:00am

Cotton

Cotton futures fall 1 percent

ICE cotton futures fell 1 percent in low-volume trading on Friday with many market participants staying away in a holiday-shortened week and as positive export sales data failed to cheer a market hoping for increased buying from China, the largest consume

Published 06 Jul, 2019 12:00am

Gold tumbles in Europe

Gold slid as much as 2% on Friday and was set for its first weekly fall in seven weeks after data showed US jobs growth rebounded strongly in June, which lowered the likelihood of an interest rate cut by the Federal Reserve this month. Spot gold dropped 1

Published 06 Jul, 2019 12:00am

US MIDDAY: soyabeans slide

US soyabean futures fell about 1% and set a three-week low on Friday, pressured by relatively ample US stockpiles as traders shrugged off support from strong weekly export sales. Analysts attributed the weakness in futures to improved US crop weather and

Published 06 Jul, 2019 12:00am

US MIDDAY: gold slides 2 percent

Published 06 Jul, 2019 12:00am

IHC declares conversion of Argentine Park 'illegal'

Islamabad High Court has declared the purported conversion of Argentine Park as illegal and without lawful authority and jurisdiction. A division bench of IHC on Friday announced its reserved judgement on the petition of Yasmin Haider against the conversi

Published 06 Jul, 2019 12:00am

NHA awards work of Petaro-Sehwan road's two additional carriageways

The National Highway Authority (NHA) Executive Board has approved the award of work for construction of two additional carriageway of Petaro-Sehwan (N-55) to the lowest evaluated bidder, M/s SGEC-AMC joint venture, at the evaluated/ corrected bid price of

Published 06 Jul, 2019 12:00am

Exchange

Insurers' payable claims: SECP empowers commissioner to determine liquidated damages

The Securities and Exchange Commission of Pakistan (SECP) has delegated powers to the Commissioner (Insurance) to determine and impose the liquidated damages on an insurer in addition to amount of claim payable by such insurer.

Published 06 Jul, 2019 12:00am

Import of edible oil: Some policy decision likely on impact of increase in addl customs duty

State Minister for Revenue Hammad Azhar is expected to take some policy decision on the impact of increase in additional customs duty from 2 to 7 percent on the import of edible oil, having serious implication on prices of cooking oil. Industry experts to

Published 06 Jul, 2019 12:00am

Firdous lashes out at PML-N

Special Assistant to Prime Minister on information & Broadcasting Dr Firdous Ashiq Awan said on Friday that those who violated the law are facing the consequences as they had not even thought about equal application of law.

Published 06 Jul, 2019 12:00am

Fake bank accounts: AC extends physical remand of Abdul Ghani Majeed

An Accountability Court on Friday extended physical remand of Abdul Ghani Majeed, son of Chairman Omni Group Anwar Majeed, in the multibillion rupees fake bank accounts and Thatta water supply scheme references till July 12. The officials of National Acco

Published 06 Jul, 2019 12:00am

Senate body informed: 27 knowledge economy-based projects finalised

The government has finalised 27 knowledge economy-based projects for advancing the country technologically to meet the upcoming and present economic challenges. Federal Secretary Planning Development and Reforms Zafar Hasan stated this while briefing the

Published 06 Jul, 2019 12:00am

Railways to take over Royal Palm Golf and Country Club today

Pakistan Railways (PR) is all set to take over the administration and properties of Royal Palm Golf and Country Club worth billions of rupees today. This was revealed by Secretary Railways Sikandar Sultan Raja while briefing the National Assembly Standing

Published 06 Jul, 2019 12:00am

PTA holds training workshop on 5G networks

Two days' training workshop on 5G networks organised by Pakistan Telecommunication Authority (PTA) in collaboration with GSM Association (GSMA) concluded in Islamabad.

Published 06 Jul, 2019 12:00am

Partly Facetious : Zardari didn't have twitter account

"There is something about his thanking everyone that I find inexplicable."

Published 06 Jul, 2019 12:00am

PIA's pre-Hajj operation begins

PIA's Pre-hajj operation of transporting more than 78,000 intending pilgrims to Saudi Arabia, commenced on Friday. Four PIA Pre-Hajj flights departed for Saudi Arabia transporting more than 1,300 intending pilgrims from Islamabad, Karachi, Lahore and Pesh

Published 06 Jul, 2019 12:00am

US cos, investors looking forward to opportunities in Pakistan: CG

Economic Unit chief at the US Consulate General Chad Miner has said that the world perception regarding Pakistan is changing and American companies and investor are looking forward to Pakistan. He said, speaking at a meeting of Korangi Association of Trad

Published 06 Jul, 2019 12:00am

Pakistan to participate in World Peace Forum in Beijing

Pakistan will participate in the 8th World Peace Forum, scheduled to be held here from July 8 to 9 at Tsinghua University. Vice President Wang Qishan will attend and address the opening ceremony of the Forum. According to the spokesperson of the Chinese F

Published 06 Jul, 2019 12:00am

Below normal rainfall likely in July

The Met Office on Friday forecast below normal rainfall for the country, saying that the average temperature may remain above normal by up to 2 degrees Celsius during July. Up to three spells of rainfall with isolated extreme precipitation events are expe

Published 06 Jul, 2019 12:00am

NHA holds anti-encroachment drive on N-5

On special instructions of Federal Minister for Communications & Postal Services Murad Saeed, National Highway Authority (NHA) has undertaken an anti-encroachment operation from Electrical & Mechanical Engineering (EME) College to Tarnol on Peshawar Road

Published 06 Jul, 2019 12:00am

Control of KMC's revenue generating departments rests with Sindh government: mayor

Mayor Karachi Wasim Akhtar on Friday said Sindh Government had taken all revenue generating departments of Karachi Metropolitan Corporation (KMC) under Sindh Local Government Act (SLGA-2013), putting the civic body into severe financial quagmire. Addressi

Published 06 Jul, 2019 12:00am

Note on SRB''s Notifications dated June 27 & July 1, 2019

Sindh Sales Tax - Notifications issued by the Sindh Revenue Board (SRB)

Published 06 Jul, 2019 12:00am

Note on SRB's Notifications dated June 27 & July 1, 2019

Sindh Sales Tax - Notifications issued by the Sindh Revenue Board (SRB)

Published 06 Jul, 2019 12:00am

Note on SRB's Notifications dated June 27 & July 1, 2019

Sindh Sales Tax - Notifications issued by the Sindh Revenue Board (SRB)

Published 06 Jul, 2019 12:00am

Punjab chalks out jobs plan with WB's help: minister

The Punjab Finance Minister has said that the Punjab government has developed a 'Punjab jobs and competitiveness programme' with the assistance of World Bank to support sustainable economic development in the province. "The Punjab Spatial Strategy (PSS) i

Published 06 Jul, 2019 12:00am

APCDA-government officials meeting likely today

All Pakistan Cement Dealers Association (APCDA) has been asked by the government to get ready for talks with a high-level official team on Saturday to resolve the issues being faced by them due to which they are continuously observing a complete shutdown

Published 06 Jul, 2019 12:00am

Currency

IMF's $6 billion bailout package to boost investors' confidence: opines PFC chief

Pakistan Furniture Council (PFC) Chief Executive, Mian Kashif Ashfaq on Friday said a $6 billion IMF loan package for Pakistan will help stabilizing the crisis-battered country's economy besides reviving of investors' confidence and sustainable growth thr

Published 06 Jul, 2019 12:00am

Cotton

Five exporting sectors urge FBR to formalise 'informal' trade

The five exporting sectors circles have urged the Federal Board of Revenue (FBR) to formalize informal trade in domestic commerce as only 50 percent of domestic commerce is being fed by the local industry and remaining 50 percent is the share of informal

Published 06 Jul, 2019 12:00am

Traders moot criticises government for levying additional taxes

Speakers at "Save Traders Conference: anti-traders budget not acceptable" slammed the ruling Pakistan Tehreek-e-Insaaf (PTI) government for imposing additional taxes on business community in the federal fiscal budget for 2019-20. They pledged that they ar

Published 06 Jul, 2019 12:00am

Flour to Afghanistan: PFMA Punjab opposes move to ban

The Pakistan Flour Mills Association (Punjab Zone) has strongly opposed the idea of banning export of flour and flour products to Afghanistan with the view that it will ruin the industry worth billions of rupees. PFMA-Punjab Zone Chairman Habibur-Rehman L

Published 06 Jul, 2019 12:00am

Currency

NAB team grills Nawaz in Toshakhana vehicles case

A team of the National Accountability Bureau (NAB) on Friday questioned the former prime minister Nawaz Sharif here at Kot Lakhpat prison in Toshakhana vehicles case. Sources claimed that the NAB team posed some questions to Nawaz and also handed over a q

Published 06 Jul, 2019 12:00am

Efforts under way to address traders' reservations: CM

Punjab Chief Minister, Sardar Usman Buzdar on Friday said that efforts will be made to remove the reservations of the traders' community while interests of the business community will be protected to every possible extent. "The purpose of ostensibly diffi

Published 06 Jul, 2019 12:00am

One promoted as Air Marshal, 13 others as AVM

The Government of Pakistan has promoted one air officer to the rank of Air Marshal, while 13 Air Officers have been promoted as Air Vice Marshal, said a press release issued here by Directorate of Media Affairs of Pakistan Air Force (PAF). The promoted of

Published 06 Jul, 2019 12:00am

Exchange

Alleged fake domiciles: SC reserves judgement on admissions to Lyari's SBMC

Supreme Court (SC) on Friday reserved the judgment on admissions in Shaheed Benazir Medical College, Lyari allegedly on fake domiciles. At Karachi Registry, a two member bench of SC comprised of Justice Mushir Alam and Justice Sajjad Ali Shah reserved the

Published 06 Jul, 2019 12:00am

KE posts Rs 10.4 billion profit for FY17

The Board of Directors of K-Electric Limited in its meeting held on July 4, 2019 at KE Head Office, approved the company's financial results for the year ended June 30, 2017. The power utility continued to improve operationally, driven by investments acro

Published 06 Jul, 2019 12:00am

KE posts Rs 10.4 billion profit for FY17

Published 06 Jul, 2019 12:00am

Pakistan immigrant's name in blacklist: LHC seeks reply from DG Immigration and Passports

The Lahore High Court (LHC) summoned on Friday a senior official of Monitoring and Evaluation Office of the Federal Investigation Agency (FIA) in person and sought a reply from the Director General of Immigration and Passports on a petition filed by a Pak

Published 06 Jul, 2019 12:00am

Power outages in several part of city

Several parts of Karachi faced power outage as the city received isolated showers on Friday morning. The power affected areas include Korangi, Malir, Shah Faisal, Gulshan-e-Iqbal, Safoora Goth, Kaemari, North Nazimabad, Bahadurabad, Tariq Road, Lucky Star

Published 06 Jul, 2019 12:00am

Illegal appointment: SHC issues notices to Sindh CM, chief secretary, PSC

Sindh High Court (SHC) on Friday issued notices to chief minister Sindh, chief secretary Sindh, Public Service Commission over appointment of Abida Parveen Pathan as Registrar of Environmental Tribunal. SHC bench issued the notices on a petition by Farhat

Published 06 Jul, 2019 12:00am

Lahore-Islamabad: Thai Airways to operate from July 16

The Management of Thai Airways international has announced to resume its operations from Lahore and Islamabad effective July 16, onwards to Bangkok and beyond. The Airspace is still closed from/to India-Pakistan on Northern Entries, however to facilitate

Published 06 Jul, 2019 12:00am

All strategic pumping stations of KWSB exempted from load-shedding: KE

KE spokesperson reiterated that all strategic pumping stations of Karachi Water and Sewerage Board (KWSB) including the pumping stations at Dhabeji, Gharo and Pipri are exempted from any load-shed and any reports of load-shed at the Pumping Stations are i

Published 06 Jul, 2019 12:00am

FPCCI leadership blamed for anti-business govt policies

Secretary General Businessmen Panel (BMP) and former president FPCCI, Senator Ghulam Ali has said that withdrawal of the zero-rated regime will badly hit Pakistani exports and especially small and medium enterprises (SMEs), widening trade deficit at the c

Published 06 Jul, 2019 12:00am

PU VC body for a separate secretariat at Governor's office

The Vice Chancellor Committee Punjab proposed that a separate secretariat should be set up in the Governor Punjab office who is the Chancellor of the universities of Punjab where requests, approvals will be sent directly and his office processes the cases

Published 06 Jul, 2019 12:00am

Rawalpindi Corps Commander visits LoC

Rawalpindi Corps Commander Lieutenant General Bilal Akbar on Friday visited the Siachin, Neelum and Muzaffarabad along the Line of Control (LoC). In a statement issued by the Inter-Services Public Relations (ISPR), Lieutenant General Bilal Akbar lauded of

Published 06 Jul, 2019 12:00am

Bilawal alleges harassment of opposition's candidates in merged districts

Chairman, PPP Bilawal Bhutto Zardari has alleged that the candidates of opposition are being harassed in the newly merged districts in the name of Section 144 while the candidates of ruling PTI are running election campaign along with administration. Spea

Published 06 Jul, 2019 12:00am

Hot and humid weather forecast for today

The Meteorological Department on Friday forecast mainly very hot and humid weather in most of the plains of the country. Dust-thundershower/rain (with isolated heavy rain) accompanied by gusty winds is expected in scattered places in northeast Punjab (Raw

Published 06 Jul, 2019 12:00am

ECP unveils assets details of Sindh MPAs

Election Commission of Pakistan (ECP) on Friday released assets details of the members of Sindh Assembly. According to the ECP details, Sindh Chief Minister Syed Murad Ali Shah owns two vehicles worth Rs14.2 million, Rs160 million bank balance, while his

Published 06 Jul, 2019 12:00am

Cop killed, two hurt during raid on house in Bannu Town

A policeman was killed and two others were injured in firing during a raid by police on a house in Bannu Township on Friday. Addressing a press conference, Regional Police Officer (RPO) Bannu Abdullah Khan said that police received information about three

Published 06 Jul, 2019 12:00am

Fares on intercity routes increase by 50 percent

After the increase in prices of Compressed Natural Gas (CNG), the local transporters have increased the fare rates on intercity routes by 50 percent. Talking to a group of reporters here on Friday, Sarhad Transport Owners Association president Khan Zaman

Published 06 Jul, 2019 12:00am

LCCI VP to perform as acting president

Lahore Chamber of Commerce and Industry (LCCI)'s Vice President Faheem-ur-Rehman Saigal will perform as the Acting President of the Lahore Chamber in the absence of the LCCI President and Senior Vice President, who are out of country.

Published 06 Jul, 2019 12:00am

99 percent HFL employees now 'Quality Ambassadors'

Haleeb Foods Limited (HFL), one of the leading food and beverages companies of Pakistan has introduced a unique programme titled 'Quality Through The Line' (QTTL), which revolves around key areas including people, processes and plants to bring about a cha

Published 06 Jul, 2019 12:00am

PPP observes July 5 as 'black day'

Pakistan Peoples Party (PPP) observed Black Day across the country on Friday to condemn the military coup of July 5, 1977 when then Prime Minister Zulfiqar Ali Bhutto's government had been toppled by dictator late General Zia-ul-Haq. "July 5, 1977 shall r

Published 06 Jul, 2019 12:00am

'Sehat Sahulat Programme to be extended across country in next two years'

Special Assistant to the Prime Minister on National Health Services, Regulations and Coordination, Dr Zafar Mirza has said that Sehat Sahulat Programme would be extended across Pakistan in the next two years while the programme has yet not been started in

Published 06 Jul, 2019 12:00am

NAB chairman's argument

The NAB chairman seems to have made an interesting argument by saying that those who had been in power for 30 years would be audited first followed by those who had been in power for a few months. "NAB does not believe in political revenge and neither doe

Published 06 Jul, 2019 12:00am

US races for Taliban deal but Afghan peace further away

After nearly two decades in Afghanistan, the United States is racing to reach an agreement with the Taliban within two months but a broader peace deal for the war-ravaged country looks far more elusive.

Published 06 Jul, 2019 12:00am

Cotton

Reading the Economic Survey

Not that anyone reads it, and of this I am almost certain.

Published 06 Jul, 2019 12:00am

It's time to make bold decisions - I

Corruption, incompetence and collapse of check and balance systems and processes in the ranks of government machinery constitute major challenges for the incumbent government. This is a lethal combination and a recipe for the economic, social and moral co

Published 06 Jul, 2019 12:00am

Further clampdown on JuD

In a much welcome development, the Counter-Terrorism Department (CTD) in Punjab has booked 13 leaders of the banned militant outfit, Jamaatud Dawa (JuD), including its chief Hafiz Saeed and his deputy Abdul Rehman Makki, in 23 cases on charges of financin

Updated 06 Jul, 2019 06:24am

Exchange

IMF's pragmatic Pakistan package

The Board of Directors of the International Monetary Fund (IMF) formally approved the 39-month 6 billion dollar Extended Fund Facility for Pakistan to "support the government's economic reform programme." The jury is not out on how much of the reform prog

Updated 06 Jul, 2019 06:21am

Sudan generals, protesters in landmark deal

Crowds of jubilant Sudanese took to the streets of Khartoum on Friday to celebrate a landmark deal between protest leaders and the country's ruling generals aimed at turning the page on months of political unrest. The power-sharing deal, reached in the ea

Published 06 Jul, 2019 12:00am

Sudan generals, protesters in landmark deal

Published 06 Jul, 2019 12:00am

Exchange

Private limited companies: FBR urges SECP to ensure correct submission of statements

Federal Board of Revenue (FBR) Chairman Syed Muhammad Shabbar Zaidi in his letter to the Chairman Securities and Exchange Commission of Pakistan (SECP) has requested to ensure correct and transparent submission of financial statements by the private limit

Published 06 Jul, 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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