News Archives for Print - 2019-07-08

French business elite cut Macron slack for slower reform pace

Assailed by social unrest and lagging in opinion polls, French President Emmanuel Macron has for now managed to cling on to a well of support from company leaders in France even as his reform push loses momentum. Executives attending an annual economic co

Published 08 Jul, 2019 12:00am

Lagarde 'uniquely qualified' to head ECB: Coeure

European Central Bank policymaker Benoit Coeure defended on Sunday the nomination of outgoing International Monetary Fund head Christine Lagarde to lead the ECB, calling her "uniquely qualified" after critics said she lacked relevant experience.

Published 08 Jul, 2019 12:00am

Currency

Erdogan says Turkish central bank chief ousted for refusing rate cuts

Turkish President Tayyip Erdogan sacked the central bank governor for refusing the government's repeated demands for rate cuts, Hurriyet newspaper on Sunday quoted Erdogan as telling a meeting with his party's lawmakers. Governor Murat Cetinkaya, whose fo

Published 08 Jul, 2019 12:00am

Saudi carrier flyadeal ditches grounded Boeing MAX for Airbus

Saudi budget carrier flyadeal has withdrawn a provisional order for Boeing's grounded 737 MAX jets, the US plane maker said Sunday, as the airline confirmed it will operate an entirely Airbus fleet. "We understand that flyadeal will not finalise its commi

Published 08 Jul, 2019 12:00am

China, Gulf expansion to boost Trade Bank of Iraq's revenues

State-owned Trade Bank of Iraq (TBI) is expanding into China and the Gulf, seeking to lift its revenues from retail banking and international operations to 30% by 2022 from 25% now, its chairman said on Sunday. The bank plans to open a representative offi

Published 08 Jul, 2019 12:00am

Exchange

Saudi king hosts British finance minister for talks

Saudi Arabia's King Salman hosted British finance minister Philip Hammond for talks in the western city of Jeddah on Sunday, state media said, amid renewed prospects of an overseas stock listing of oil giant Aramco. The leaders discussed ways to "strength

Published 08 Jul, 2019 12:00am

Deutsche Bank says to slash 18,000 jobs by 2022

Germany's biggest lender Deutsche Bank said Sunday it would cut 18,000 jobs by 2022, as the former leading light of the country's financial sector looks to escape years of turmoil. The slashing of around one in five of its workforce, to 74,000 employees,

Published 08 Jul, 2019 12:00am

Exchange

Foreigners were net sellers of Japan stocks

Foreigners were net sellers of Japanese stocks for an eighth consecutive week on June 24-28 as caution built ahead of much awaited talks between US and Chinese leaders on the sidelines of the G20 summit in Japan. Overseas investors sold a net 169.7 billio

Published 08 Jul, 2019 12:00am

Currency

Hong Kong rates climb to 2008 highs, HK$ jumps before jumbo IPO

The Hong Kong Interbank Offered Rate (HIBOR) rose across the curve on Thursday, with investors scrambling for cash ahead of the world's biggest initial public offering of the year at a time of tight liquidity in the domestic market. Brewer Anheuser-Busch

Published 08 Jul, 2019 12:00am

'Markets make mistakes': Why bonds may have overreacted on inflation

For some anxious investors, bond markets have lost the plot. With yields across the developed world in free-fall, markets appear to have convinced central banks that only drastic monetary stimulus can prevent inflation expectations from evaporating for a

Published 08 Jul, 2019 12:00am

'Markets make mistakes': Why bonds may have overreacted on inflation

For some anxious investors, bond markets have lost the plot. With yields across the developed world in free-fall, markets appear to have convinced central banks that only drastic monetary stimulus can prevent inflation expectations from evaporating for a

Published 08 Jul, 2019 12:00am

Emerging market currencies likely have seen the best of 2019

Most emerging market currencies have probably seen the best of a lukewarm year against the dollar as US President Donald Trump is expected to back-pedal on his conciliatory tone from the recent G20 summit, a Reuters poll showed on Friday. Emerging market

Published 08 Jul, 2019 12:00am

Exchange

Saudi stocks fall as Almarai disappoints

Saudi stocks fell on Sunday in response to a fall in profits at food company Almarai and weakness in blue-chip stocks, while the Kuwait index rose for the seventh straight session buoyed by the recent MSCI move to upgrade Kuwaiti stocks to emerging market

Published 08 Jul, 2019 12:00am

Currency

Loonie to stay firm in a year so long as BoC lags US rate cuts

The Canadian dollar will edge higher against the greenback over the coming year, as a recovering domestic economy forestalls Bank of Canada interest rate cuts despite expected easing from the US Federal Reserve, a Reuters poll predicted. The loonie has cl

Published 08 Jul, 2019 12:00am

Currency

Dollar still a force to reckon with, at least for this year

The US dollar, which has dominated currency markets since early 2018, will continue to be a force to reckon with for at least the remainder of this year, according to a majority of currency strategists in a Reuters poll. Despite being wrong-footed for yea

Published 08 Jul, 2019 12:00am

Currency

Vietnam looking at relaxing FX hedging curbs

Vietnam is looking at relaxing restrictions on currency hedging tools and could start on a gradual path of changes in two to three years time, a top official said on Thursday. Vietnam clamped down on hedging tools such as FX forwards following currency st

Published 08 Jul, 2019 12:00am

US money market assets rise near $3.2 trillion

US money market fund assets grew for 10 straight weeks and were close to $3.2 trillion as investors poured more cash into these low-risk vehicles amid worries about economic growth and trade tensions, the Money Fund Report said on Wednesday. Money fund as

Published 08 Jul, 2019 12:00am

US money market assets rise near $3.2 trillion

US money market fund assets grew for 10 straight weeks and were close to $3.2 trillion as investors poured more cash into these low-risk vehicles amid worries about economic growth and trade tensions, the Money Fund Report said on Wednesday. Money fund as

Published 08 Jul, 2019 12:00am

Wall Street week ahead: buoyant US stocks at odds with downbeat market signals

Even as record highs this week in the major US stock indexes telegraph confidence on Wall Street, caution abounds in other US markets, where falling bond yields and flailing small-cap stocks indicate investors are torn about where to place bets. Hints fro

Published 08 Jul, 2019 12:00am

Regime bombardment kills 12

Regime bombardment Sunday killed 12 civilians including three children in an opposition bastion in northwestern Syria, a war monitor said. Idlib, a region of some three million people, has come under increasing fire by the regime and its ally Russia since

Published 08 Jul, 2019 12:00am

Top Oman diplomat meets Assad in rare Syria visit

Oman's top diplomat met Sunday with Syrian President Bashar al-Assad in Damascus, Muscat said, in the Gulf official's second visit to the war-wracked country since conflict broke out in 2011. Assad met with Oman's state minister for foreign affairs Yusuf

Published 08 Jul, 2019 12:00am

US call for Syria troops divides German coalition

Discord broke out in German Chancellor Angela Merkel's ruling coalition Sunday, after the United States urged the country to send ground troops to Syria as Washington looks to withdraw from the region. "We want ground troops from Germany to partly replace

Published 08 Jul, 2019 12:00am

Indonesia's famed disaster spokesman dies of cancer

Indonesia's disaster agency spokesman Sutopo Purwo Nugroho - who shot to international fame for keeping up a 24/7 schedule while battling terminal cancer - has died at the age of 49. Affectionately known as Pak Topo (Mr Topo), Nugroho was the face of gove

Published 08 Jul, 2019 12:00am

Indonesia cancels tsunami alert after strong quake

A strong magnitude 6.9 earthquake struck off Indonesia on Sunday, the US Geological Survey reported, triggering a brief tsunami warning that sent panicked residents fleeing to higher ground. The Southeast Asian nation is one of the most disaster-hit on Ea

Published 08 Jul, 2019 12:00am

Brazilian bossa nova pioneer Joao Gilberto dies

Joao Gilberto, the legendary Brazilian musician and songwriter who pioneered the lilting, melodious music known as bossa nova, has died, his son Joao Marcelo announced Saturday. The legend was 88. The cause of death was not immediately known. "My father h

Published 08 Jul, 2019 12:00am

Cameron Boyce, Disney Channel star, dead at 20

Cameron Boyce, a young Disney Channel star, has died at age 20 in Los Angeles, Disney CEO Robert Iger confirmed Sunday. Boyce died in his sleep Saturday from an ongoing medical condition, his family told celebrity news outlet TMZ. Boyce was known for his

Published 08 Jul, 2019 12:00am

UK's top envoy in US says Trump executive 'inept'

Britain's ambassador in the United States has described President Donald Trump and his administration as "inept" and "uniquely dysfunctional", according to leaked diplomatic memos published by the Mail on Sunday. Ambassador Kim Darroch reportedly said Tru

Published 08 Jul, 2019 12:00am

RDA issues notices to 14 illegal housing societies

Rawalpindi Development Authority (RDA) has issued notices to 14 housing schemes declaring them illegal on Dhamyal, Chakri and Adyala Roads. According to a RDA spokesman, the authority on the directives of Director General (DG) Rawalpindi Development Autho

Published 08 Jul, 2019 12:00am

'KP's forest cover increased by 5 percent after completion of BTTP'

Khyber Pakhtunkhwa's (KP) forest cover has increased by around 5 percent, bringing the total to 25 percent, following the completion of Billion Tree Tsunami Project (BTTP), contributing to the fight against climate change.

Published 08 Jul, 2019 12:00am

Currency

'Government needs sectoral experts to design import policy' an interview with Hadi Akberali, COO Amreli Steels

As the PTI government sets the wheels of austerity in motion, the economic slowdown is palpable, manifesting in dampened demand and reduced business activity. The steel industry is in the thick of it, particularly true for long steel manufacturers who rel

Published 08 Jul, 2019 12:00am

Currency

'Government needs sectoral experts to design import policy' an interview with Hadi Akberali, COO Amreli Steels

As the PTI government sets the wheels of austerity in motion, the economic slowdown is palpable, manifesting in dampened demand and reduced business activity. The steel industry is in the thick of it, particularly true for long steel manufacturers who rel

Published 08 Jul, 2019 12:00am

Tarbela Dam boat capsize incident: 16 rescued, bodies of four children recovered

Commissioner, Hazara Division, Syed Zaheer-ul-Islam Sunday said that out of the total 40 on board persons of Tarbela boat capsize incident, 16 have been rescued.

Published 08 Jul, 2019 12:00am

Sharp rise witnessed in prices of essential items

A sharp increase in prices of daily use items, like pulses, vegetable, chicken meat, sugar and others was witnessed in the retail market, according to survey conducted by Business Recorder here on Sunday. The buyers complained the unchecked prices

Published 08 Jul, 2019 12:00am

Buzdar grieved

Punjab Chief Minister Usman Buzdar has expressed grief over the demise of former Vice Chancellor of Punjab University Dr Khairat Ibne Rasa. In his condolence message on Sunday, the CM extended sympathies to the bereaved family and prayed eternal peace for

Published 08 Jul, 2019 12:00am

Minister accuses Sharif family of making institutions controversial

Provincial Information and Culture Minister Syed Sumsam Ali Bukhari has said that the Sharif family wants to set Pakistani politics at a point of no return and their basic agenda is to make national institutions controversial.

Published 08 Jul, 2019 12:00am

AJK PM pays rich tributes to Burhan Wani

Azad Jammu & Kashmir Prime Minister Raja Farooq Haider Khan while paying rich tributes to Kashmiri hero Burhan Muzaffar Wani on Sunday said he was a daring young man whose martyrdom gave a new impetus to Kashmir liberation struggle.

Published 08 Jul, 2019 12:00am

Historic sites to be used for promoting tourism: CM

Punjab Chief Minister Usman Buzdar said on Sunday that all historic buildings/sites will be utilized for promotion of tourism in Punjab.

Published 08 Jul, 2019 12:00am

19 POs among 85 alleged culprits arrested in Punjab

Punjab Highway Patrol arrested 85 culprits including 19 Proclaimed Offenders and recovered 804 litters liquor, 2890 Gram Charas, 4 Kalashnikov, 2 Riffles, 4 Guns, 24 Pistols and 256 Bullets, recovered one stolen Honda Civic Car.

Published 08 Jul, 2019 12:00am

AMC, PGMI convocation today

The 2nd Convocation of Ameer Uddin Medical College and 8th of Post Graduate Medical Institute will be taking place here in Lahore on 9th July where medical students would be getting their degrees.

Published 08 Jul, 2019 12:00am

Haji Shafi Jamote dies

Former provincial minister and leader of fishermen community Haji Shafi Mohammad Jamote died at local hospital after protracted illness on Sunday. He was a founder member of Fishermen Cooperative Society and did a lot of work for the welfare of fishermen

Published 08 Jul, 2019 12:00am

12 arrested for flouting CNG cylinders rules

District administration Peshawar has arrested 12 persons from various localities Kohat Road and GT Road in crackdown against the use of CNG cylinders in restaurants and tandoors here on Sunday. The district administration in wake of tragic incidents of cy

Published 08 Jul, 2019 12:00am

20 couples tie knots in mass wedding in Landi Kotal

Twenty tribal couples tied the knot in mass marriage ceremony held here in Khuga Khel, Landi Kotal on Sunday. The welfare activity was organized under the auspices of Non Government Organization (NGO). As that was first ever activity of its kind therefore

Published 08 Jul, 2019 12:00am

Over 11,000 appear in aptitude test for admission to UET

A total of 11,270 candidates from Khyber Pakhtunkhwa, erstwhile FATA, AJK and Gilgit Baltistan appeared for the entrance test, conducted by Educational Testing and Evaluating Agency (ETEA) for admission in University of Engineering and Technology Peshawar

Published 08 Jul, 2019 12:00am

Libor

KP to bring throw-forward of uplift schemes

The provincial government of Khyber Pakhtunkhwa has decided to bring the throw-forward of development schemes during the current financial year 2019-20 to 4 years. The development situation inherited by the new government had a throw-forward of more than

Published 08 Jul, 2019 12:00am

JI urges CJP to probe into authenticity of video

Chief of Jamaat-e-Islami, Senator Sirajul Haq, has called upon the Chief Justice of Pakistan to constitute a judicial commission to probe into the issue of the alleged video of Accountability Court judge Arshad Malik so that the nation could know the real

Published 08 Jul, 2019 12:00am

Six killed in a clash over water issue

At least six people were killed and other three got injured in an armed clash in village Satoriani, Dera Ismail Khan on Sunday. According to the local police, the armed clash erupted between the two groups over the turn of water in the area, resulted in i

Published 08 Jul, 2019 12:00am

No-trust move against Senate chief to be fizzled out: Firdous

Special Assistant to Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan on Sunday evening said that people will turned down the ill-motives and vote of no confidence against Chairman Senate will be fizzled out. In fact opposition was try

Published 08 Jul, 2019 12:00am

Miranshah girls college converted into judicial complex

In a major setback to girls education to war stricken North Waziristan tribal district, building of the only girls' degree college in Miranshah has been converted into a judicial complex, which has drawn criticism from social circles.

Published 08 Jul, 2019 12:00am

Recovery of tax demand: RTO Faisalabad's Jhang Zone brushes aside LHC order

Lahore High Court (LHC) has stopped the Regional Tax Office, Faisalabad (RTO) for recovery of tax demand vide order dated June 25, 2019 from a taxpayer, but the Jhang Zone of RTO Faisalabad has passed back dated order for recovering of the illegal tax dem

Published 08 Jul, 2019 12:00am

Cotton

WEEKLY COTTON REVIEW: prices show upward trend

The prices of cotton increased by Rs 300 per maund; production of 80 lac bales expected in Punjab. Strike of oil mills will affect the business. Business and industry circles are protesting against imposition of general sales tax. In the local cotton mark

Published 08 Jul, 2019 12:00am

Cotton

WEEKLY COTTON REVIEW: prices show upward trend

The prices of cotton increased by Rs 300 per maund; production of 80 lac bales expected in Punjab. Strike of oil mills will affect the business. Business and industry circles are protesting against imposition of general sales tax. In the local cotton mark

Published 08 Jul, 2019 12:00am

ABL partners with 'EasyTickets' to provide online booking services

Allied Bank Limited (ABL) signed an agreement with EasyTickets as its partner to bring online cashless booking of movie, bus and event tickets on myABL Digital Banking platform. An official signing ceremony was held at ABL head office in Lahore. Thos atte

Published 08 Jul, 2019 12:00am

12 foreign firms barred from hiring Pakistani workforce

Bureau of Emigration and Overseas Employment (BEOE) has barred 12 foreign recruiting firms from hiring Pakistani workforce due to non-compliance of employment code, resulting into grave problems for the emigrants. The Bureau, working under the auspices of

Published 08 Jul, 2019 12:00am

PPP urges SC to take notice of controversial video

Pakistan People's Party (PPP) Secretary General Nayyar Hussain Bukhari on Sunday said that his party demanded the Supreme Court of Pakistan to take notice of the so-called judge video scandal. The Pakistan Muslim League-Nawaz (PML-N) had released a video

Published 08 Jul, 2019 12:00am

All poling stations in NA-205 declared sensitive

The Election Commission of Pakistan (ECP) has declared all poling stations of NA-205 Ghotki as sensitive for by-election to be held on July 18. According to the sources of ECP, a total of 289 polling stations and 869 polling booth would be established in

Published 08 Jul, 2019 12:00am

Protest against new taxes: Peshawar's traders to observe strike on July 13

The business community here announced complete shutter down on July 13 against the imposition of new taxes, increase in price of daily use commodities and documentation for retailers. "We took the decision on a call of Markazi Tanzeem Tajiran Pakistan (MT

Published 08 Jul, 2019 12:00am

World Bank team, KMC officials discuss KNIP

A World Bank team, Metropolitan Commissioner Dr Syed Saif-ur-Rehman and other officials of Karachi Metropolitan Corporation (KMC) discussed the matters related to projects planned with the coordination of World Bank for Karachi Neighborhood Improvement Pr

Published 08 Jul, 2019 12:00am

World Bank team, KMC officials discuss KNIP

A World Bank team, Metropolitan Commissioner Dr Syed Saif-ur-Rehman and other officials of Karachi Metropolitan Corporation (KMC) discussed the matters related to projects planned with the coordination of World Bank for Karachi Neighborhood Improvement Pr

Published 08 Jul, 2019 12:00am

Torkham border to remain operational round-the-clock

Pak-Afghan border at Torkham will remain operational round the clock from next month to facilitate bilateral and transit trade activities. According to District Administration Khyber, necessary arrangements for this purpose have almost been completed. The

Published 08 Jul, 2019 12:00am

Exchange

Manufacturers & sellers: Enablers Pakistan, Amazon hold training series on online business

Enablers Pakistan here on Sunday held a business training series in association with Amazon to facilitate local manufacturers and sellers who are looking to establish an online business or grow their existing business globally using Amazon's e-commerce pl

Published 08 Jul, 2019 12:00am

Reward for whistleblowers

Prime Minister Imran Khan has announced that his government would increase the reward for whistleblowers from 3 percent to 10 percent for pointing out Benami properties in the country. He has also said the law provides them 3 percent reward but the govern

Published 08 Jul, 2019 12:00am

In drought-hit Delhi, the haves get limitless water, the poor fight for every drop

In this teeming capital city of more than 20 million people, a worsening drought is amplifying the vast inequality between India's rich and poor. The politicians, civil servants and corporate lobbyists who live in substantial houses and apartments in cent

Published 08 Jul, 2019 12:00am

Pak-Afghan relations

A cricket match at Headingley Cricket Ground in Leeds. Emotions run high in the supporting crowd. And then we see chairs and bottles being hurled. Security police intervening to manage hurling howling, hitting spectators out of the ground. No, it is not a

Published 08 Jul, 2019 12:00am

Exchange

Budget shortcomings and the IMF

The same day as the board of directors of the International Monetary Fund (IMF) approved the staff-level agreement, 3 July 2019, a summary of the objectives of the programme and recent economic development and outlook, attributed to David Lipton, IMF's Fi

Published 08 Jul, 2019 12:00am

Revisiting production orders

It's not unusual in Third World democracies that elected prime ministers try monopolizing state power by sidelining the parliamentary opposition. In this regard, Pakistan is no exception, either. Prime Minister Imran Khan doesn't feel comfortable with inc

Updated 08 Jul, 2019 06:08am

Increase in NSS profit rates

The government announced increase in the profit rates of all the National Saving Schemes (NSS) by up to 2.3 percent per annum on 5th July, 2019. However, the new rates will be effective from 1st July, 2019. Profit on Pensioners' Benefit Accounts, Behbood

Updated 08 Jul, 2019 06:30am

CCP urges tariff rationalization to control tea smuggling

The Competition Commission of Pakistan (CCP) has strongly recommended Federal Board of Revenue (FBR) and Ministry of Commerce to rationalize taxes including customs tariff on tea to control its smuggling, revisit negative list under the transit trade agre

Published 08 Jul, 2019 12:00am

CCP urges tariff rationalization to control tea smuggling

The Competition Commission of Pakistan (CCP) has strongly recommended Federal Board of Revenue (FBR) and Ministry of Commerce to rationalize taxes including customs tariff on tea to control its smuggling, revisit negative list under the transit trade agre

Published 08 Jul, 2019 12:00am

CCP urges tariff rationalization to control tea smuggling

The Competition Commission of Pakistan (CCP) has strongly recommended Federal Board of Revenue (FBR) and Ministry of Commerce to rationalize taxes including customs tariff on tea to control its smuggling, revisit negative list under the transit trade agre

Published 08 Jul, 2019 12:00am

PEMRA sends notices to TV channels

Pakistan Electronic Media Regulatory Authority (PEMRA) has sent show-cause notices to various television channels over the live broadcast of the controversial press conference of Pakistan Muslim League Nawaz (PML-N) vice president Maryam Nawaz. The notice

Published 08 Jul, 2019 12:00am

PEMRA sends notices to TV channels

Pakistan Electronic Media Regulatory Authority (PEMRA) has sent show-cause notices to various television channels over the live broadcast of the controversial press conference of Pakistan Muslim League Nawaz (PML-N) vice president Maryam Nawaz. The notice

Published 08 Jul, 2019 12:00am

At least 12 dead in Taliban blast in Afghan city

A Taliban car bomb in eastern Afghanistan on Sunday killed at least 12 people and wounded many more - including dozens of children - in a massive blast that came amid ongoing peace talks in Qatar, officials said. The Taliban are meeting with US negotiator

Published 08 Jul, 2019 12:00am

At least 12 dead in Taliban blast in Afghan city

A Taliban car bomb in eastern Afghanistan on Sunday killed at least 12 people and wounded many more - including dozens of children - in a massive blast that came amid ongoing peace talks in Qatar, officials said. The Taliban are meeting with US negotiator

Published 08 Jul, 2019 12:00am

US billionaire arrested on sex trafficking charges

A hedge fund billionaire has been arrested on sex trafficking charges in the New York area, after having long been followed by accusations of molesting young girls, US media reported. Jeffrey Epstein, who is expected to appear before a federal magistrate

Published 08 Jul, 2019 12:00am

US billionaire arrested on sex trafficking charges

A hedge fund billionaire has been arrested on sex trafficking charges in the New York area, after having long been followed by accusations of molesting young girls, US media reported. Jeffrey Epstein, who is expected to appear before a federal magistrate

Published 08 Jul, 2019 12:00am

African leaders launch ''historic'' free trade deal

African nations officially launched a landmark trade agreement at the African Union summit in Niger on Sunday, with the long sought-after agreement hailed as a historic step towards "peace and prosperity" across the continent.

Published 08 Jul, 2019 12:00am

African leaders launch 'historic' free trade deal

African nations officially launched a landmark trade agreement at the African Union summit in Niger on Sunday, with the long sought-after agreement hailed as a historic step towards "peace and prosperity" across the continent.

Published 08 Jul, 2019 12:00am

African leaders launch 'historic' free trade deal

African nations officially launched a landmark trade agreement at the African Union summit in Niger on Sunday, with the long sought-after agreement hailed as a historic step towards "peace and prosperity" across the continent.

Published 08 Jul, 2019 12:00am

Iran defies US pressure, breaches nuclear deal

Iran announced on Sunday it will shortly boost its uranium enrichment above a cap set by a landmark 2015 nuclear deal, a major breach likely to draw a tougher reaction from President Donald Trump who has pressured Tehran to renegotiate the pact.

Published 08 Jul, 2019 12:00am

Iran defies US pressure, breaches nuclear deal

Iran announced on Sunday it will shortly boost its uranium enrichment above a cap set by a landmark 2015 nuclear deal, a major breach likely to draw a tougher reaction from President Donald Trump who has pressured Tehran to renegotiate the pact.

Published 08 Jul, 2019 12:00am

Shah Jahan Mirza to be new MD PPIB

The Federal Cabinet has approved appointment of Shah Jahan Mirza as Managing Director Private Power & Infrastructure Board (PPIB) for three years. This was revealed by Secretary Power Division, Irfan Ali while talking to Business Recorder.

Published 08 Jul, 2019 12:00am

Shah Jahan Mirza to be new MD PPIB

The Federal Cabinet has approved appointment of Shah Jahan Mirza as Managing Director Private Power & Infrastructure Board (PPIB) for three years. This was revealed by Secretary Power Division, Irfan Ali while talking to Business Recorder.

Published 08 Jul, 2019 12:00am

Shah Jahan Mirza to be new MD PPIB

The Federal Cabinet has approved appointment of Shah Jahan Mirza as Managing Director Private Power & Infrastructure Board (PPIB) for three years. This was revealed by Secretary Power Division, Irfan Ali while talking to Business Recorder.

Published 08 Jul, 2019 12:00am

DG ISPR condemns biased used of social media

Days after a hashtag calling for the arrest of journalists briefly became top trend on twitter, director general Inter Services Public Relations (ISPR) on Sunday warned against making "sweeping targeted statements or trends" against any individual, profes

Published 08 Jul, 2019 12:00am

DG ISPR condemns biased used of social media

Days after a hashtag calling for the arrest of journalists briefly became top trend on twitter, director general Inter Services Public Relations (ISPR) on Sunday warned against making "sweeping targeted statements or trends" against any individual, profes

Published 08 Jul, 2019 12:00am

PM-elect vows to make Greece 'proud' after vote triumph

Greece's conservative prime minister-elect Kyriakos Mitsotakis vowed that the country would "proudly" enter a post-bailout period of "jobs, security and growth" after winning a landslide victory in Sunday's general election. Official results showed Mitsot

Published 08 Jul, 2019 12:00am

Nawaz ousted for demanding civilian supremacy: Maryam

Pakistan Muslim League-Nawaz (PML-N) Vice President Maryam Nawaz on Sunday said that her father Nawaz Sharif was ousted for demanding civilian supremacy in the country. Addressing a public rally in Mandi Bahauddin despite the government's refusal to give

Published 08 Jul, 2019 12:00am

Greek conservatives oust Tsipras in election landslide

Greek Prime Minister Alexis Tsipras admitted defeat Sunday in a general election won handily by the conservative New Democracy party after over four years in opposition, his office said. The result cuts short Tsipras's bid to lead Greece on into the post-

Published 08 Jul, 2019 12:00am

Fresh clashes in Hong Kong after huge march to China station

Fresh political violence broke out in Hong Kong on Sunday night as riot police baton-charged anti-government protesters seeking to keep the pressure up on the city's pro-Beijing leaders, after a mass rally outside a train station linking the finance hub t

Published 08 Jul, 2019 12:00am

PM cites Russian novelist to describe 'elitist' economy inherited by PTI

Prime Minister Imran Khan Sunday shared the words of a renowned writer Ayn Rand eerily prescient of Pakistan's economy ruled by corrupt and elitist mindset as inherited by the current government. In her novel "Atlas Shrugged" in 1957, the Russian-American

Published 08 Jul, 2019 12:00am

PM cites Russian novelist to describe 'elitist' economy inherited by PTI

Prime Minister Imran Khan Sunday shared the words of a renowned writer Ayn Rand eerily prescient of Pakistan's economy ruled by corrupt and elitist mindset as inherited by the current government. In her novel "Atlas Shrugged" in 1957, the Russian-American

Published 08 Jul, 2019 12:00am

Karachi traders call off strike after talks with Governor

Traders'' action committee called off strike on Sunday after their meeting with Sindh Governor Imran Ismail, here. Aaj News reported that the Governor, who belongs to Pakistan Tehreek-e-Insaf, has assured them to ensure that their grievances would

Published 08 Jul, 2019 12:00am

Karachi traders call off strike after talks with Governor

Traders' action committee called off strike on Sunday after their meeting with Sindh Governor Imran Ismail, here. Aaj News reported that the Governor, who belongs to Pakistan Tehreek-e-Insaf, has assured them to ensure that their grievances would b

Published 08 Jul, 2019 12:00am

Karachi traders call off strike after talks with Governor

Traders' action committee called off strike on Sunday after their meeting with Sindh Governor Imran Ismail, here. Aaj News reported that the Governor, who belongs to Pakistan Tehreek-e-Insaf, has assured them to ensure that their grievances would b

Published 08 Jul, 2019 12:00am

Commercial and industrial meters: unregistered persons to be issued notices

Federal Board of Revenue (FBR) is going to issue notices to the unregistered persons having commercial and industrial meters of gas and power across the country for broadening of tax base. According to sources, the Broadening of Tax Base (BTB) Zone in Kar

Published 08 Jul, 2019 12:00am

Commercial and industrial meters: unregistered persons to be issued notices

Federal Board of Revenue (FBR) is going to issue notices to the unregistered persons having commercial and industrial meters of gas and power across the country for broadening of tax base. According to sources, the Broadening of Tax Base (BTB) Zone in Kar

Published 08 Jul, 2019 12:00am

Commercial and industrial meters: unregistered persons to be issued notices

Federal Board of Revenue (FBR) is going to issue notices to the unregistered persons having commercial and industrial meters of gas and power across the country for broadening of tax base. According to sources, the Broadening of Tax Base (BTB) Zone in Kar

Published 08 Jul, 2019 12:00am

Futures spread up by 513 basis points

The futures spread increased by 513bps to 0.60 percent on the last day of the outgoing week. Trading activities on the futures counter remained low as average daily turnover declined by 60.4 percent to 39.95 million shares. The average daily trading value

Published 08 Jul, 2019 12:00am

Futures spread up by 513 basis points

The futures spread increased by 513bps to 0.60 percent on the last day of the outgoing week. Trading activities on the futures counter remained low as average daily turnover declined by 60.4 percent to 39.95 million shares. The average daily trading value

Published 08 Jul, 2019 12:00am

Exchange

Activities remain low

Pakistan Stock Exchange witnessed bullish trend during first three sessions of the outgoing week, however the investors opted for profit taking in the last two days. BRIndex100 gained 36.80 points on week-on-week basis to close at 3,580.44 points. Average

Published 08 Jul, 2019 12:00am

Currency	Rate
USD PKR Interbank Selling / Dec 24	278.53
USD PKR Interbank Buying / Dec 24	278.33
USD to Japanese Yen / Dec 24	157.14
USD to Swiss Franc / Dec 24	0.90
Pound Sterling to USD / Dec 24	1.25
Euro to USD / Dec 24	1.04

Stock	Volume
Germany DAX 30 / Dec 23	19,848.77
S&P 500 / Dec 24	6,040.04
India Sensex / Dec 24	78,472.87
Tokyo Nikkei / Dec 24	38,986.40
Nasdaq / Dec 24	20,031.13
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,136.99
Dow Jones / Dec 24	43,297.03

Item	Value
Crude Oil USD/Barrel / Dec 24	70.10
Karachi Cotton PKR/37.32 KG / Dec 24	17,785
Gold 10 Grams PKR / Dec 24	240,487.70
Gold Spot USD/Ounce / Dec 24	2,616.87
Cotton US¢/pound / Dec 24	68.78
Petrol/Litre / Dec 25	252.10

Stock	Price
Sec. Inv. Bank / Dec 24 Security Investment Bank Limited(SIBL)	5.99 ▲ 1.00 (20.04%)
Next Capital / Dec 24 Next Capital Limited(NEXT)	8.90 ▲ 1.00 (12.66%)
Pak Agro Pack. (GEM) / Dec 24 Pak Agro Packaging Limited (GEM)(GEMPAPL)	9 ▲ 1.00 (12.50%)
Ghani Chem. Ind. / Dec 24 Ghani Chemical Industries Limited(GCIL)	16.13 ▲ 1.47 (10.03%)
Pak Gulf Leasing / Dec 24 Pak-Gulf Leasing Company Limited(PGLC)	14.37 ▲ 1.31 (10.03%)
Popular Islamic / Dec 24 Popular Islamic Modaraba(PIM)	15.58 ▲ 1.42 (10.03%)
Mandviwala / Dec 24 Mandviwala Mauser Plastic Industries(MWMP)	16.59 ▲ 1.51 (10.01%)
Blessed Tex. / Dec 24 Blessed Textiles Limited(BTL)	301.77 ▲ 27.43 (10.00%)
Crescent Cotton / Dec 24 Crescent Cotton Mills Limited(CCM)	55 ▲ 5.00 (10.00%)

Stock	Price
S.G.Power / Dec 24 S.G. Power Limited(SGPL)	10.58 ▼ -1.18 (-10.03%)
Olympia Mills / Dec 24 Olympia Mills Limited(OML)	36 ▼ -4.00 (-10.00%)
J.A.Textile / Dec 24 J.A. Textile Mills Limited(JATM)	33.95 ▼ -3.77 (-9.99%)
Sanghar Sugar / Dec 24 Sanghar Sugar Mills Limited(SANSM)	26.16 ▼ -2.90 (-9.98%)
I.C.C. Ind. / Dec 24 ICC Industries Limited(ICCI)	9.85 ▼ -1.07 (-9.80%)
National Silk / Dec 24 The National Silk & Rayon Mills Limited(NSRM)	50.01 ▼ -5.43 (-9.79%)
Gulshan Sp. / Dec 24 Gulshan Spinning Mills Limited(GSPM)	4.10 ▼ -0.40 (-8.89%)
Crescent Fib. / Dec 24 Crescent Fibres Limited(CFL)	40.16 ▼ -3.81 (-8.66%)
Reliance Ins. / Dec 24 Reliance Insurance Company Limited(RICL)	11.55 ▼ -1.05 (-8.33%)

Stock	Volume
WorldCall Telecom / Dec 24 Worldcall Telecom Limited(WTL)	126,573,463 ▲ 0.05
Fauji Foods Ltd / Dec 24 Fauji Foods Limited(FFL)	66,984,381 ▲ 0.49
Cnergyico PK / Dec 24 Cnergyico PK Limited(CNERGY)	66,471,663 ▼ -0.27
Pak Elektron / Dec 24 Pak Elektron Limited(PAEL)	38,651,653 ▼ -1.53
K-Electric Ltd. / Dec 24 K-Electric Limited(KEL)	36,108,956 ▼ -0.18
Sui South Gas / Dec 24 Sui Southern Gas Company Limited(SSGC)	33,467,532 ▼ -0.50
P.T.C.L. / Dec 24 Pakistan Telecommunication Company Ltd(PTC)	33,030,118 ▼ -1.31
TRG Pak Ltd / Dec 24 TRG Pakistan Limited(TRG)	29,441,264 ▲ 3.35
Pace (Pak) Ltd. / Dec 24 Pace (Pakistan) Limited(PACE)	28,106,970 ▼ -0.18

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