News Archives for Print - 2019-07-06

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

Iran threatens UK shipping in retaliation for tanker seizure

An Iranian Revolutionary Guards commander threatened on Friday to seize a British ship in retaliation for the capture of an Iranian supertanker in Gibraltar by Royal Marines. "If Britain does not release the Iranian oil tanker, it is the authorities' duty

Published 06 Jul, 2019 12:00am

India raises import tariffs, taxes on super rich

India raised import tariffs on nearly 75 items including gold and automobile parts in its budget on Friday and increased taxes on the rich to help pay for recapitalising banks and supporting small business in a bid to revive sagging growth. Aiming to rest

Published 06 Jul, 2019 12:00am

India raises import tariffs, taxes on super rich

India raised import tariffs on nearly 75 items including gold and automobile parts in its budget on Friday and increased taxes on the rich to help pay for recapitalising banks and supporting small business in a bid to revive sagging growth. Aiming to rest

Published 06 Jul, 2019 12:00am

India raises import tariffs, taxes on super rich

India raised import tariffs on nearly 75 items including gold and automobile parts in its budget on Friday and increased taxes on the rich to help pay for recapitalising banks and supporting small business in a bid to revive sagging growth. Aiming to rest

Published 06 Jul, 2019 12:00am

Exchange

KSE-100 Index maintains downtrend: BRIndex100 stays bearish

Pakistan Stock Exchange Friday ended on a negative note due to selling in almost all sectors. BRIndex100 lost 47.39 points or 1.31 percent to close at 3,580.44 points. BRIndex100 touched intraday high of 3,626.95 points and intraday low of 3,568.25 points

Published 06 Jul, 2019 12:00am

Exchange

KSE-100 Index maintains downtrend: BRIndex100 stays bearish

Pakistan Stock Exchange Friday ended on a negative note due to selling in almost all sectors. BRIndex100 lost 47.39 points or 1.31 percent to close at 3,580.44 points. BRIndex100 touched intraday high of 3,626.95 points and intraday low of 3,568.25 points

Published 06 Jul, 2019 12:00am

Exchange

KSE-100 Index maintains downtrend: BRIndex100 stays bearish

Pakistan Stock Exchange Friday ended on a negative note due to selling in almost all sectors. BRIndex100 lost 47.39 points or 1.31 percent to close at 3,580.44 points. BRIndex100 touched intraday high of 3,626.95 points and intraday low of 3,568.25 points

Published 06 Jul, 2019 12:00am

414 ailing PSEs: Cabinet likely to form high-powered committee

The Federal Cabinet is likely to constitute a five-member secretary's committee to prepare a strategy for restructuring, privatisation or winding up of 414 Public Sector Entities (PSEs), well-informed sources told Business Recorder.

Published 06 Jul, 2019 12:00am

414 ailing PSEs: Cabinet likely to form high-powered committee

The Federal Cabinet is likely to constitute a five-member secretary's committee to prepare a strategy for restructuring, privatisation or winding up of 414 Public Sector Entities (PSEs), well-informed sources told Business Recorder.

Published 06 Jul, 2019 12:00am

Exchange

SECP, SBP team up: Panel of insolvency experts to help revive distressed companies

The Securities and Exchange Commission of Pakistan (SECP) in consultation with the State Bank of Pakistan (SBP) will appoint panel of insolvency experts for revival and rehabilitation of distressed companies. The SECP has issued Corporate Rehabil-itation

Published 06 Jul, 2019 12:00am

Exchange

SECP, SBP team up: Panel of insolvency experts to help revive distressed companies

The Securities and Exchange Commission of Pakistan (SECP) in consultation with the State Bank of Pakistan (SBP) will appoint panel of insolvency experts for revival and rehabilitation of distressed companies. The SECP has issued Corporate Rehabil-itation

Published 06 Jul, 2019 12:00am

Exchange

SECP, SBP team up: Panel of insolvency experts to help revive distressed companies

The Securities and Exchange Commission of Pakistan (SECP) in consultation with the State Bank of Pakistan (SBP) will appoint panel of insolvency experts for revival and rehabilitation of distressed companies. The SECP has issued Corporate Rehabil-itation

Published 06 Jul, 2019 12:00am

Defying critics, Trump salutes military in pomp-filled July 4 celebration

With US fighter jets flying overhead, President Donald Trump praised the military and revelled in a show of pomp and patriotism on Thursday in a celebration of Independence Day that critics accused him of turning into a political event. Trump, a Republica

Published 06 Jul, 2019 12:00am

Defying critics, Trump salutes military in pomp-filled July 4 celebration

With US fighter jets flying overhead, President Donald Trump praised the military and revelled in a show of pomp and patriotism on Thursday in a celebration of Independence Day that critics accused him of turning into a political event. Trump, a Republica

Published 06 Jul, 2019 12:00am

PM inaugurates Road to Makkah project at Islamabad Airport

Prime Minister Imran Khan on Friday formally inaugurated Road to Makkah project at the Islamabad International Airport and saw off the intending Haj pilgrims travelling to the holy land by the PIA flight from here. The prime minister was accompanied by Mi

Published 06 Jul, 2019 12:00am

PM inaugurates Road to Makkah project at Islamabad Airport

Prime Minister Imran Khan on Friday formally inaugurated Road to Makkah project at the Islamabad International Airport and saw off the intending Haj pilgrims travelling to the holy land by the PIA flight from here. The prime minister was accompanied by Mi

Published 06 Jul, 2019 12:00am

Shahbaz says won't answer questions about family members

Leader of Opposition in the National Assembly and Pakistan Muslim League-Nawaz (PML-N) President Shahbaz Sharif on Friday said that he cannot answer any question about any of his family member. According to sources, Shahbaz, who appeared before the NAB on

Published 06 Jul, 2019 12:00am

Shahbaz says won't answer questions about family members

Leader of Opposition in the National Assembly and Pakistan Muslim League-Nawaz (PML-N) President Shahbaz Sharif on Friday said that he cannot answer any question about any of his family member. According to sources, Shahbaz, who appeared before the NAB on

Published 06 Jul, 2019 12:00am

References against judges: SJC asks AGP to appear on July 12

Supreme Judicial Council (SJC) issued notice to attorney general for Pakistan (AGP) to appear before it on July 12 regarding the references against Justice Qazi Faez Isa, a judge of Supreme Court, and Justice KK Agha, a judge of Sindh High Court, sources

Published 06 Jul, 2019 12:00am

References against judges: SJC asks AGP to appear on July 12

Supreme Judicial Council (SJC) issued notice to attorney general for Pakistan (AGP) to appear before it on July 12 regarding the references against Justice Qazi Faez Isa, a judge of Supreme Court, and Justice KK Agha, a judge of Sindh High Court, sources

Published 06 Jul, 2019 12:00am

Exchange

SECP to amend Employees Contributory Funds rules

The Securities and Exchange Commission of Pakistan (SECP) has decided to amend Employees Contributory Funds (Investment in Listed Securities) Regulations, 2018 pertaining to reduction in the investments made from the provident fund or any other contributo

Published 06 Jul, 2019 12:00am

Exchange

SECP to amend Employees Contributory Funds rules

The Securities and Exchange Commission of Pakistan (SECP) has decided to amend Employees Contributory Funds (Investment in Listed Securities) Regulations, 2018 pertaining to reduction in the investments made from the provident fund or any other contributo

Published 06 Jul, 2019 12:00am

Exchange

SECP to amend Employees Contributory Funds rules

The Securities and Exchange Commission of Pakistan (SECP) has decided to amend Employees Contributory Funds (Investment in Listed Securities) Regulations, 2018 pertaining to reduction in the investments made from the provident fund or any other contributo

Published 06 Jul, 2019 12:00am

Exchange

Collective investment schemes: SECP will charge 0.02 percent annual fee

The Securities and Exchange Commission of Pakistan (SECP) will charge 0.02 percent annual fee for collective investment schemes in line with the directives of the Securities and Exchange Policy Board. The SECP has issued SRO 714 (I)/2019 here on Friday to

Published 06 Jul, 2019 12:00am

Exchange

Collective investment schemes: SECP will charge 0.02 percent annual fee

The Securities and Exchange Commission of Pakistan (SECP) will charge 0.02 percent annual fee for collective investment schemes in line with the directives of the Securities and Exchange Policy Board. The SECP has issued SRO 714 (I)/2019 here on Friday to

Published 06 Jul, 2019 12:00am

Exchange

Collective investment schemes: SECP will charge 0.02 percent annual fee

The Securities and Exchange Commission of Pakistan (SECP) will charge 0.02 percent annual fee for collective investment schemes in line with the directives of the Securities and Exchange Policy Board. The SECP has issued SRO 714 (I)/2019 here on Friday to

Published 06 Jul, 2019 12:00am

French comedian given two years sentence for tax fraud

French comedian Dieudonne, a convicted anti-Semite whose shows the government once tried to shut down, was sentenced to two years in jail for tax fraud and money laundering on Friday by a court in Paris. The controversial performer, who has also been foun

Published 06 Jul, 2019 12:00am

French comedian given two years sentence for tax fraud

French comedian Dieudonne, a convicted anti-Semite whose shows the government once tried to shut down, was sentenced to two years in jail for tax fraud and money laundering on Friday by a court in Paris. The controversial performer, who has also been foun

Published 06 Jul, 2019 12:00am

Pakistan's World Cup semi hopes over as New Zealand progress

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. Sarfaraz Ahmed's team needed to smash the world record for mar

Published 06 Jul, 2019 12:00am

Pakistan's World Cup semi hopes over as New Zealand progress

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. Sarfaraz Ahmed's team needed to smash the world record for mar

Published 06 Jul, 2019 12:00am

Rajiv Gandhi's assassination accomplice gets parole

An Indian court Friday granted a 30-day parole to a woman convicted three decades ago over her role in the 1991 assassination of former prime minister Rajiv Gandhi by militants. Gandhi and 14 others were killed in the southern Indian state of Tamil Nadu b

Published 06 Jul, 2019 12:00am

Rajiv Gandhi's assassination accomplice gets parole

An Indian court Friday granted a 30-day parole to a woman convicted three decades ago over her role in the 1991 assassination of former prime minister Rajiv Gandhi by militants. Gandhi and 14 others were killed in the southern Indian state of Tamil Nadu b

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

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

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

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

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

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

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

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

Cotton

Reading the Economic Survey

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

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

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

'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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

US job growth accelerates, July rate cut still expected

Currency

Currency	Rate
USD PKR Interbank Selling / Mar 25	280.52
USD PKR Interbank Buying / Mar 25	280.27
USD to Japanese Yen / Mar 26	150.14
USD to Swiss Franc / Mar 26	0.88
Pound Sterling to USD / Mar 26	1.29
Euro to USD / Mar 26	1.08
UK LIBOR % / Mar 25	4.96

Stock	Volume
S&P 500 / Mar 25	5,776.65
Nasdaq / Mar 25	18,271.86
Dow Jones / Mar 25	42,587.50
India Sensex / Mar 26	77,971.12
Tokyo Nikkei / Mar 26	38,027.29
Hang Seng / Mar 26	23,483.32
FTSE 100 / Mar 26	8,660.31
Germany DAX 30 / Mar 26	22,923.69
France CAC40 / Mar 26	8,042.59

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 25	17,085
Gold 10 Grams PKR / Mar 25	272,462
Crude Oil USD/Barrel / Mar 26	69.26
Gold Spot USD/Ounce / Mar 26	3,018.44
Cotton US¢/pound / Mar 26	65.37
Petrol/Litre / Mar 27	255.63
Diesel/Litre / Mar 27	258.64

Stock	Price
Mughal Iron & Steel (R) / Mar 26 Mughal Iron & Steel Industries Limited (R)(MUGHALR2)	3.01 ▲ 1 (49.75%)
Sec. Inv. Bank / Mar 26 Security Investment Bank Limited(SIBL)	9.99 ▲ 1 (11.12%)
Zephyr Textile / Mar 26 Zephyr Textiles Limited(ZTL)	11.40 ▲ 1.04 (10.04%)
Leiner Pak Gelat / Mar 26 Leiner Pak Gelatine Limited(LPGL)	110.80 ▲ 10.07 (10%)
Philip Morris Pak. / Mar 26 Philip Morris (Pakistan) Limited(PMPK)	737.77 ▲ 67.07 (10%)
Data Agro / Mar 26 Data Agro Limited(DAAG)	96.62 ▲ 8.78 (10%)
Baba Farid Sugar / Mar 26 Baba Farid Sugar Mills Limited(BAFS)	58.44 ▲ 5.31 (9.99%)
Crescent Fib. / Mar 26 Crescent Fibres Limited(CFL)	45.70 ▲ 4.14 (9.96%)
Popular Islamic / Mar 26 Popular Islamic Modaraba(PIM)	14.48 ▲ 1.31 (9.95%)
The Thal Ind.Corp. / Mar 26 The Thal Industries Corporation Limited(TICL)	340 ▲ 30.55 (9.87%)

Stock	Price
Elahi Cot. / Mar 26 Elahi Cotton Mills Limited(ELCM)	135.93 ▼ -15.1 (-10%)
Power Cem(Pref) / Mar 26 Power Cement (Pref)(POWERPS)	12.95 ▼ -1.38 (-9.63%)
Atlas Ins. Ltd / Mar 26 Atlas Insurance Limited(ATIL)	58.50 ▼ -5.48 (-8.57%)
Bela Auto / Mar 26 Bela Automotives Limited(BELA)	167 ▼ -14.94 (-8.21%)
Kohat Textile / Mar 26 Kohat Textile Mills Limited(KOHTM)	28.15 ▼ -2.4 (-7.86%)
Jubilee Spinning / Mar 26 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	10.88 ▼ -0.89 (-7.56%)
Frontier Ceram / Mar 26 Frontier Ceramics Limited(FRCL)	22.40 ▼ -1.82 (-7.51%)
Noon Sugar / Mar 26 Noon Sugar Mills Limited(NONS)	73.62 ▼ -5.95 (-7.48%)
PIA Holding Co.B / Mar 26 PIA Holding Company Limited B(PIAHCLB)	900.16 ▼ -71.96 (-7.4%)
UDL International / Mar 26 UDL International Limited(UDLI)	7.11 ▼ -0.53 (-6.94%)

Stock	Volume
Pak Elektron / Mar 26 Pak Elektron Limited(PAEL)	29,093,385 ▲ 1.6
P.S.O. / Mar 26 Pakistan State Oil Company Limited(PSO)	26,846,685 ▲ 1.38
TRG Pak Ltd / Mar 26 TRG Pakistan Limited(TRG)	22,825,615 ▼ -0.92
Cnergyico PK / Mar 26 Cnergyico PK Limited(CNERGY)	17,176,390 ▲ 0.07
B.O.Punjab / Mar 26 The Bank of Punjab(BOP)	16,063,012 ▼ -0.18
Pak Petroleum / Mar 26 Pakistan Petroleum Limited(PPL)	15,868,233 ▲ 7.49
Engro Fert. / Mar 26 Engro Fertilizers Limited(EFERT)	14,391,574 ▼ -1.85
WorldCall Telecom / Mar 26 Worldcall Telecom Limited(WTL)	12,412,844 ▲ 0.01
TPL REIT Fund I / Mar 26 TPL REIT Fund I(TPLRF1)	11,002,839 ▲ 0.06
Fauji Cement / Mar 26 Fauji Cement Company Limited(FCCL)	10,156,162 ▲ 1.41

Most Popular