News Archives for Print - 2019-07-09

'KMC's average monthly power consumption stands at around Rs 50 millions'

Karachi Metropolitan Corporation (KMC), which claims to have empty kitty to run civic services, appears generous by allowing 'unauthorised free electricity' to its residential colonies, bringing its monthly power consumption up to around Rs 50 million; it

Published 09 Jul, 2019 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (July 08, 2019).

Published 09 Jul, 2019 12:00am

Exchange

Risks to EFF high despite safeguards: IMF

The International Monetary Fund (IMF) has stated that in spite of safeguards, risks to the $6 billion Extended Fund Facility (EFF) are high and managing the transition to a market determined exchange rate successfully will be crucial to ensure popular sup

Published 09 Jul, 2019 12:00am

Exchange

LME official prices

The following were Thursday official prices.

Published 09 Jul, 2019 12:00am

Exchange

Risks to EFF high despite safeguards: IMF

The International Monetary Fund (IMF) has stated that in spite of safeguards, risks to the $6 billion Extended Fund Facility (EFF) are high and managing the transition to a market determined exchange rate successfully will be crucial to ensure popular sup

Published 09 Jul, 2019 12:00am

Exchange

LME official prices

The following were Thursday official prices.

Published 09 Jul, 2019 12:00am

Exchange

Risks to EFF high despite safeguards: IMF

The International Monetary Fund (IMF) has stated that in spite of safeguards, risks to the $6 billion Extended Fund Facility (EFF) are high and managing the transition to a market determined exchange rate successfully will be crucial to ensure popular sup

Published 09 Jul, 2019 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (July 08, 2019).

Published 09 Jul, 2019 12:00am

Cabinet will approve FIA restructuring plan today

The Federal Cabinet, which is scheduled to meet today (Tuesday) with Prime Minister Imran Khan in the chair, will approve restructuring plan of Federal Investigation Agency (FIA). In addition to constitution of a committee on restructuring of 441 public s

Published 09 Jul, 2019 12:00am

The Weather

The weather report on Monday (July 08, 2019) and the forecast for Tuesday (July 09, 2019).

Published 09 Jul, 2019 12:00am

Cabinet will approve FIA restructuring plan today

The Federal Cabinet, which is scheduled to meet today (Tuesday) with Prime Minister Imran Khan in the chair, will approve restructuring plan of Federal Investigation Agency (FIA). In addition to constitution of a committee on restructuring of 441 public s

Published 09 Jul, 2019 12:00am

FATF challenge: Potential blacklisting could result in freeze of capital inflows: IMF

A potential blacklisting by Financial Action Task Force (FATF) could result in a freeze of capital inflows to Pakistan, jeopardising the financing assurances under the programme, says International Monetary Fund (IMF). The IMF in its report, "Request for

Published 09 Jul, 2019 12:00am

FATF challenge: Potential blacklisting could result in freeze of capital inflows: IMF

A potential blacklisting by Financial Action Task Force (FATF) could result in a freeze of capital inflows to Pakistan, jeopardising the financing assurances under the programme, says International Monetary Fund (IMF). The IMF in its report, "Request for

Published 09 Jul, 2019 12:00am

FATF challenge: Potential blacklisting could result in freeze of capital inflows: IMF

A potential blacklisting by Financial Action Task Force (FATF) could result in a freeze of capital inflows to Pakistan, jeopardising the financing assurances under the programme, says International Monetary Fund (IMF). The IMF in its report, "Request for

Published 09 Jul, 2019 12:00am

Semi-independent tax authority to be set up: IMF assured

The government has assured the International Monetary Fund (IMF) that a new semi-independent national tax authority would be created to bring the main revenue sources under tax administration reforms. In the IMF Staff Level Report issued here on Monday, P

Published 09 Jul, 2019 12:00am

Semi-independent tax authority to be set up: IMF assured

The government has assured the International Monetary Fund (IMF) that a new semi-independent national tax authority would be created to bring the main revenue sources under tax administration reforms. In the IMF Staff Level Report issued here on Monday, P

Published 09 Jul, 2019 12:00am

Semi-independent tax authority to be set up: IMF assured

The government has assured the International Monetary Fund (IMF) that a new semi-independent national tax authority would be created to bring the main revenue sources under tax administration reforms. In the IMF Staff Level Report issued here on Monday, P

Published 09 Jul, 2019 12:00am

4-5 percentage points: Additional GDP in additional tax revenues could be achieved

Interna-tional Monetary Fund (IMF) and Pakistan have agreed that additional 4-5 percentage points of gross domestic product (GDP) in additional tax revenues could be achieved by the end of the IMF programme, bringing Pakistan tax ratio in line with peer e

Published 09 Jul, 2019 12:00am

4-5 percentage points: Additional GDP in additional tax revenues could be achieved

Interna-tional Monetary Fund (IMF) and Pakistan have agreed that additional 4-5 percentage points of gross domestic product (GDP) in additional tax revenues could be achieved by the end of the IMF programme, bringing Pakistan tax ratio in line with peer e

Published 09 Jul, 2019 12:00am

4-5 percentage points: Additional GDP in additional tax revenues could be achieved

Interna-tional Monetary Fund (IMF) and Pakistan have agreed that additional 4-5 percentage points of gross domestic product (GDP) in additional tax revenues could be achieved by the end of the IMF programme, bringing Pakistan tax ratio in line with peer e

Published 09 Jul, 2019 12:00am

4-5 percentage points: Additional GDP in additional tax revenues could be achieved

Interna-tional Monetary Fund (IMF) and Pakistan have agreed that additional 4-5 percentage points of gross domestic product (GDP) in additional tax revenues could be achieved by the end of the IMF programme, bringing Pakistan tax ratio in line with peer e

Published 09 Jul, 2019 12:00am

Part of deal with IMF: Power tariff to go up again by August end

The federal government will again increase power tariff by the end of August as per the agreement with the International Monetary Fund (IMF). According to the Staff Report, quasi-fiscal losses have increased further and represent a significant fiscal risk

Published 09 Jul, 2019 12:00am

Part of deal with IMF: Power tariff to go up again by August end

The federal government will again increase power tariff by the end of August as per the agreement with the International Monetary Fund (IMF). According to the Staff Report, quasi-fiscal losses have increased further and represent a significant fiscal risk

Published 09 Jul, 2019 12:00am

Part of deal with IMF: Power tariff to go up again by August end

The federal government will again increase power tariff by the end of August as per the agreement with the International Monetary Fund (IMF). According to the Staff Report, quasi-fiscal losses have increased further and represent a significant fiscal risk

Published 09 Jul, 2019 12:00am

ADB to provide $10 billion for uplift projects in five years

The Asian Development Bank (ADB) has planned to support Pakistan with indicative lending of up to $10 billion for various development projects and programs during the next five years. The ADB and the government of Pakistan today held a series of country c

Published 09 Jul, 2019 12:00am

ADB to provide $10 billion for uplift projects in five years

The Asian Development Bank (ADB) has planned to support Pakistan with indicative lending of up to $10 billion for various development projects and programs during the next five years. The ADB and the government of Pakistan today held a series of country c

Published 09 Jul, 2019 12:00am

ADB to provide $10 billion for uplift projects in five years

The Asian Development Bank (ADB) has planned to support Pakistan with indicative lending of up to $10 billion for various development projects and programs during the next five years. The ADB and the government of Pakistan today held a series of country c

Published 09 Jul, 2019 12:00am

PSM assets Sindh government's property: Zardari

Pakistan People's Party co-chairman and former President Asif Ali Zardari on Monday said that after the 18th Constitutional Amendment, all the assets of Pakistan Steel Mills (PSM), including land, are the property of the Sindh government. He made this cla

Published 09 Jul, 2019 12:00am

PSM assets Sindh government's property: Zardari

Pakistan People's Party co-chairman and former President Asif Ali Zardari on Monday said that after the 18th Constitutional Amendment, all the assets of Pakistan Steel Mills (PSM), including land, are the property of the Sindh government. He made this cla

Published 09 Jul, 2019 12:00am

Man weighing 330 kg dies in Lahore

Noor-ul-Hassan having weight of 330 kilogram, who underwent surgery at a local hospital, passed away on Monday after he was left unattended due to commotion in the intensive care unit (ICU) of the hospital. Noor-ul-Hassan, resident of Sadiqabad, and was a

Published 09 Jul, 2019 12:00am

Man weighing 330 kg dies in Lahore

Noor-ul-Hassan having weight of 330 kilogram, who underwent surgery at a local hospital, passed away on Monday after he was left unattended due to commotion in the intensive care unit (ICU) of the hospital. Noor-ul-Hassan, resident of Sadiqabad, and was a

Published 09 Jul, 2019 12:00am

Three TV channels: PBA demands Pemra restore broadcast

Pakistan Broadcasters Association (PBA) has condemned Pemra's action of taking off air three member channels. A PBA statement said that a complaint was lodged by three of its members Abb Takk, 24 News and Capital TV saying that their channels had been tak

Published 09 Jul, 2019 12:00am

Three TV channels: PBA demands Pemra restore broadcast

Pakistan Broadcasters Association (PBA) has condemned Pemra's action of taking off air three member channels. A PBA statement said that a complaint was lodged by three of its members Abb Takk, 24 News and Capital TV saying that their channels had been tak

Published 09 Jul, 2019 12:00am

FBR shuffle: Transfer order of dead staff issued

The latest move of massive postings and transfers of staff at the Federal Board of Revenue (FBR) witnessed an awkward situation when the said orders were carrying names of inspectors and clerks who have already passed away. According to details, the trans

Published 09 Jul, 2019 12:00am

FBR shuffle: Transfer order of dead staff issued

The latest move of massive postings and transfers of staff at the Federal Board of Revenue (FBR) witnessed an awkward situation when the said orders were carrying names of inspectors and clerks who have already passed away. According to details, the trans

Published 09 Jul, 2019 12:00am

FBR shuffle: Transfer order of dead staff issued

The latest move of massive postings and transfers of staff at the Federal Board of Revenue (FBR) witnessed an awkward situation when the said orders were carrying names of inspectors and clerks who have already passed away. According to details, the trans

Published 09 Jul, 2019 12:00am

Exchange

Increase in gas, power rates among prior conditions

International Monetary Fund (IMF) in its Staff Report on $6 billion Extended Fund Facility Arrangement (EFF) for Pakistan has claimed that flexible, market-determined exchange rate, increase in discount rate by 150 bps and increase in electricity and gas

Published 09 Jul, 2019 12:00am

Exchange

Increase in gas, power rates among prior conditions

International Monetary Fund (IMF) in its Staff Report on $6 billion Extended Fund Facility Arrangement (EFF) for Pakistan has claimed that flexible, market-determined exchange rate, increase in discount rate by 150 bps and increase in electricity and gas

Published 09 Jul, 2019 12:00am

Exchange

Increase in gas, power rates among prior conditions

International Monetary Fund (IMF) in its Staff Report on $6 billion Extended Fund Facility Arrangement (EFF) for Pakistan has claimed that flexible, market-determined exchange rate, increase in discount rate by 150 bps and increase in electricity and gas

Published 09 Jul, 2019 12:00am

Afghan rivals resume talks for peace

Dozens of powerful Afghans resumed talks with the Taliban on Monday in Doha, where a possible ceasefire is on the table along with key issues such as women's rights. Stakes are high for the talks which follow a week of US-Taliban negotiations with both si

Published 09 Jul, 2019 12:00am

Afghan rivals resume talks for peace

Dozens of powerful Afghans resumed talks with the Taliban on Monday in Doha, where a possible ceasefire is on the table along with key issues such as women's rights. Stakes are high for the talks which follow a week of US-Taliban negotiations with both si

Published 09 Jul, 2019 12:00am

Occupied Jammu & Kashmir: UN irked by lack of action

The UN rights office hammered India and Pakistan on Monday for failing to improve the situation in Kashmir, while renewing calls for an international probe into violations in the disputed Himalayan region. Last year, the Office of UN High Commissioner for

Published 09 Jul, 2019 12:00am

Occupied Jammu & Kashmir: UN irked by lack of action

The UN rights office hammered India and Pakistan on Monday for failing to improve the situation in Kashmir, while renewing calls for an international probe into violations in the disputed Himalayan region. Last year, the Office of UN High Commissioner for

Published 09 Jul, 2019 12:00am

EFF to mobilise around $38.6 billion financing over three years: IMF

The International Monetary Fund (IMF)-supported programme is expected to mobilize total financing of around $38.6 billion over the three years from Pakistan's international partners. This has been stated in IMF report "Request for an Extended Arrangement

Published 09 Jul, 2019 12:00am

EFF to mobilise around $38.6 billion financing over three years: IMF

The International Monetary Fund (IMF)-supported programme is expected to mobilize total financing of around $38.6 billion over the three years from Pakistan's international partners. This has been stated in IMF report "Request for an Extended Arrangement

Published 09 Jul, 2019 12:00am

EFF to mobilise around $38.6 billion financing over three years: IMF

The International Monetary Fund (IMF)-supported programme is expected to mobilize total financing of around $38.6 billion over the three years from Pakistan''s international partners. This has been stated in IMF report "Request for an Extended Arrangement

Published 09 Jul, 2019 12:00am

Units to remain closed indefinitely: APTPMA

All Pakistan Textile Processing Mills Association (APTPMA) on Monday announced that all processing mills would remain closed indefinitely as the federal government has declined their demands. In an emergency meeting at the SITE office, APTPMA members revi

Published 09 Jul, 2019 12:00am

Units to remain closed indefinitely: APTPMA

All Pakistan Textile Processing Mills Association (APTPMA) on Monday announced that all processing mills would remain closed indefinitely as the federal government has declined their demands. In an emergency meeting at the SITE office, APTPMA members revi

Published 09 Jul, 2019 12:00am

Units to remain closed indefinitely: APTPMA

All Pakistan Textile Processing Mills Association (APTPMA) on Monday announced that all processing mills would remain closed indefinitely as the federal government has declined their demands. In an emergency meeting at the SITE office, APTPMA members revi

Published 09 Jul, 2019 12:00am

FBR circular No 7 of 2018: LHC disposes of petitions

Lahore High Court (LHC) has disposed of various petitions wherein FBR's Circular No 07 of 2018 was challenged with the prayer that a taxpayer who had paid tax under amnesty scheme may be allowed to file declaration under the Voluntary Declaration of Domes

Published 09 Jul, 2019 12:00am

FBR circular No 7 of 2018: LHC disposes of petitions

Lahore High Court (LHC) has disposed of various petitions wherein FBR's Circular No 07 of 2018 was challenged with the prayer that a taxpayer who had paid tax under amnesty scheme may be allowed to file declaration under the Voluntary Declaration of Domes

Published 09 Jul, 2019 12:00am

FBR circular No 7 of 2018: LHC disposes of petitions

Lahore High Court (LHC) has disposed of various petitions wherein FBR''s Circular No 07 of 2018 was challenged with the prayer that a taxpayer who had paid tax under amnesty scheme may be allowed to file declaration under the Voluntary Declaration of Dome

Published 09 Jul, 2019 12:00am

Speaker stops issuance of production orders for Zardari

In an unusual move, Speaker National Assembly Asad Qaiser on Monday stopped issuance of production orders for Pakistan Peoples Party (PPP) Co-Chairman Asif Ali Zardari from attending the meeting of a parliamentary panel slated to take place on July 10 and

Published 09 Jul, 2019 12:00am

Speaker stops issuance of production orders for Zardari

In an unusual move, Speaker National Assembly Asad Qaiser on Monday stopped issuance of production orders for Pakistan Peoples Party (PPP) Co-Chairman Asif Ali Zardari from attending the meeting of a parliamentary panel slated to take place on July 10 and

Published 09 Jul, 2019 12:00am

Exchange

'Charter of economy'

The talk about developing a consensus on a 'charter of economy' is getting louder in various circles as no political party finds itself to square up to the myriad problems presently facing the economy single-handedly. Such an approach is sometimes justifi

Updated 09 Jul, 2019 06:15am

Iran's stand on N-deal

The latest media reports suggest that Iran has withdrawn its 2015 nuclear deal commitment not to exceed the agreed uranium enrichment cap. It had forewarned other signatories to the deal that should they succumb under the American pressure and also join t

Updated 09 Jul, 2019 06:20am

Exchange

IMF programme targets for 2019-20

The Extended Fund Facility [EFF] to Pakistan of $6 billion, over a period of 39 months, has finally been blessed by the Executive Board of the IMF. Prior to this, a number of measures had to be taken to qualify for the programme. This included a 12 percen

Published 09 Jul, 2019 12:00am

Exchange

Justice in the dock

Maryam Nawaz's press conference in Lahore on July 6, 2019 has driven a coach and six through the accountability process. A video was aired at the press conference purportedly showing Accountability Court Judge Arshad Malik in conversation with Nasir Butt,

Published 09 Jul, 2019 12:00am

Media feel the pinch in Indian occupied Kashmir

When plainclothes police arrested newspaper editor Ghulam Jeelani Qadri, his peers in Indian occupied Kashmir saw it as just another attempt by New Delhi to squeeze the media working in the blood-soaked region.

Published 09 Jul, 2019 12:00am

Pak-Afghan relations

This is apropos a Business Recorder editorial "Violent clash near Headingley stadium" carried by the newspaper on Sunday. It has concluded its argument in a highly impressive manner: "Being a contender for World Cup-2019 the Afghan cricket team was

Published 09 Jul, 2019 12:00am

Unanimity on EFF fiscal strategy: provinces to deliver Rs 444 billion surpluses: IMF

The federal and provincial governments have agreed to Extended Fund Facility (EFF) fiscal strategy and the provinces will deliver surpluses of around 1 percent of GDP (Rs 444 billion) in the fiscal year 2020, gradually increasing to 2.7 percent by the end

Published 09 Jul, 2019 12:00am

Overseas Pakistanis urged to invest in country

Acting Governor Punjab Ch Parvez Elahi on Monday said that Prime Minister Imran Khan is striving hard to bring economic stability in the country and time is not far when the people would come from abroad for jobs in Pakistan.

Published 09 Jul, 2019 12:00am

Government plans multi-pronged strategy to improve gas sector

To improve performance in the gas sector, the government has planned a multi-pronged strategy including unbundling of the two gas companies - Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC).

Published 09 Jul, 2019 12:00am

Shams Power helps AkzoNobel Pakistan save Rs 2.5 million annually

Shams Power (Private) Limited has financed and deployed a solar system at AkzoNobel Pakistan, a leading paints and coating company, at their manufacturing facility in Lahore.

Published 09 Jul, 2019 12:00am

Young doctor's accommodation CMH Rawlakot inaugurated

Young doctor's accommodation CMH Rawlakot was inaugurated by Chairman BoI Punjab Sardar Tanveer Ilyas khan and Brigadier Liaqat commandant at CMH Rawlakot. After the inauguration, commandant took along Chairman PBIT to visit different sections of the hosp

Published 09 Jul, 2019 12:00am

Non-payment of fund to ex-PSM employees: SHC summons finance, industry secretaries

The Sindh High Court (SHC) on Monday summoned Federal Secretaries of Finance and Industries & Productions in a petition regarding non-payment of gratuity and provident fund to the retired employees of Pakistan Steel Mill.

Published 09 Jul, 2019 12:00am

SSGC's Operation Grift continues in Sindh, Balochistan

As part of Operation Grift, the anti-gas theft campaign, SSGC's Security Services and Counter Gas Theft Operations' (SS and CGTO) Department carried out a raid in North Karachi Area.

Published 09 Jul, 2019 12:00am

PML-N, PPP worked together to steal assets, minister alleges

Minister for Communications Murad Saeed Monday said that Pakistan Muslim League-Nawaz (PML-N) and Pakistan Peoples Party (PPP) have collaboratively worked together to loot the country and supported each other during tenures of their respective governments

Published 09 Jul, 2019 12:00am

Sindh government slammed for slashing agri funds in FY20

Economy of Sindh is going to brave a big jolt as crucial agriculture sector of the province is also nose-diving as it is not on the priority of the rulers, said Pasban Democratic Party (PDP) Chairman Altaf Shakoor , demanding the government to take immedi

Published 09 Jul, 2019 12:00am

'Forensic audit of video clips will expose Maryam'

Punjab Minister for Information and Culture Syed Samsam Ali Bukhari said on Monday that the government would carry out the forensic audit of the controversial video involving accountability court judge Arshad Malik.

Published 09 Jul, 2019 12:00am

Privatisation process: Business community to be taken on board: Soomro

Federal Minister Mohammadmian Soomro said that government would consult business community on privatisation process. "I'll communicate all the grievances of business community to the concerned ministries. I'll fully cooperate to resolve your issues," the

Published 09 Jul, 2019 12:00am

Currency

Turkish lira weakens

Turkey's lira weakened on Monday after President Tayyip Erdogan dismissed the central bank governor, reigniting concerns about political interference in monetary policy and expectations of rate cuts to revive the recession-hit economy. The lira stood at 5

Published 09 Jul, 2019 12:00am

Exchange

Gold rises in Asia

Gold prices rose on Monday, shaking off early losses to consolidate above the $1,400 pivot, as focus shifted to global growth concerns and interest rate cuts by major central banks. Spot gold was up 0.5% at $1,406.79 per ounce, as of 0721 GMT. US gold fut

Published 09 Jul, 2019 12:00am

Exchange

Copper slides as focus shifts to US-China trade dispute

Copper prices slipped on Monday as sentiment was dominated by the protracted US-China trade dispute and subsequent damage to global growth and demand, and a stronger dollar. Benchmark copper on the London Metal Exchange ended down 0.2% at $5,892 a tonne.

Published 09 Jul, 2019 12:00am

Oil steadies as demand worries offset Iran's new nuclear threats

Oil prices steadied on Monday as tensions over Iran's nuclear program countered concerns about whether slowing global economic growth would hit oil demand. Brent crude futures fell 12 cents to settle at $64.11 a barrel. US West Texas Intermediate (WTI) cr

Published 09 Jul, 2019 12:00am

UAE says reducing troops in war-torn Yemen

The United Arab Emirates said Monday it was redeploying and reducing troops across war-torn Yemen and moving from a "military-first" strategy to a "peace-first" plan. The UAE is a key partner in a Saudi-led military coalition which intervened in Yemen in

Published 09 Jul, 2019 12:00am

Britain hunts for leaker of cables calling Trump 'inept'

Britain scrambled on Monday to stem the damage to its relations with Washington by finding the leaker of diplomatic cables in which the UK ambassador called US President Donald Trump "inept". The confidential telegrams from ambassador Kim Darroch created

Published 09 Jul, 2019 12:00am

US hedge fund billionaire charged with sex trafficking minors

Jeffrey Epstein, a hedge fund billionaire with ties to top politicians and celebrities, was charged on Monday with sexually exploiting dozens of young girls. Epstein, 66, was arrested at an airport in New Jersey on Saturday after returning to the United S

Published 09 Jul, 2019 12:00am

Germany says no to US request for ground troops in Syria

Berlin said Monday it had no plans to send ground troops to Syria, refusing a US request for Germany to ramp up its military involvement in the fight against IS militants. "When I say that the government intends to continue with its ongoing measures in th

Published 09 Jul, 2019 12:00am

Biggest-ever anti-doping blitz arrests 234 people

A vast international police operation involving 33 countries and the World Anti-Doping Agency has seized millions of doping substances and counterfeit medicines and arrested 234 people, Europol said on Monday. The operation involving 23 European Union nat

Published 09 Jul, 2019 12:00am

Exchange

China blames US 'bullying' for Iran nuclear crisis

China on Monday said "unilateral bullying" by the United States was the cause behind the escalating Iran nuclear crisis, after Tehran announced it was set to breach its uranium enrichment cap. "The facts show that unilateral bullying has already become a

Published 09 Jul, 2019 12:00am

Iran says US 'detained' its volleyball team at airport

Iran charged Monday that the United States had "detained" its visiting volleyball team at a US airport for several hours. The foreign ministry's director for North America told Swiss ambassador Markus Leitner, whose country represents US interests in Iran

Published 09 Jul, 2019 12:00am

Dozens hurt as 5.7 magnitude quake shakes Iran

A 5.7-magnitude earthquake struck southwest Iran near the border with Iraq on Monday, causing one death due to a heart attack and dozens of injuries, the country's relief and rescue organisation said. The quake, whose epicentre was in the Masjed Soleiman

Published 09 Jul, 2019 12:00am

UK bars RT, Sputnik from conference for 'disinformation'

Britain said Monday it had barred Russia's RT and Sputnik news organisations from a global conference on media freedom in London because of their "active role in spreading disinformation". Some 60 ministers and 1,000 journalists and members of civil socie

Published 09 Jul, 2019 12:00am

At UN, Hong Kong activist calls for more pressure on China

Hong Kong activist Denise Ho urged the international community Monday to increase pressure on China, in a speech to the UN rights council interrupted twice by a diplomat from Beijing. Ho, a pro-democracy canto-pop star, has joined the huge marches of prot

Published 09 Jul, 2019 12:00am

29 die as bus falls off India's 'highway to hell'

At least 29 people were killed Monday after a bus careered off one of India's busiest roads which has become known as the "highway to hell" because of its poor safety record. The driver was suspected to have fallen asleep before the bus crashed into a rai

Published 09 Jul, 2019 12:00am

Researchers say ancient Philistine town located in Israel

Researchers in Israel said Monday they believe they have pinpointed the site of an ancient Philistine town mentioned in the biblical tale of David seeking refuge from the Israelite king Saul. Ziklag was a town under the rule of a Philistine king in nearby

Published 09 Jul, 2019 12:00am

Currency

Aussie, kiwi steady

The Australian and New Zealand dollars steadied on Monday, clawing back some of their losses in the previous session after the greenback firmed on a stronger-than-expected US jobs report. Analysts expect the antipodean currencies to remain weak as their r

Published 09 Jul, 2019 12:00am

Currency

Sterling hovers above 6-month lows

Sterling hovered near a six-month low against the dollar on Monday as investors continued to bet on lower British interest rates and added to their short positions on the currency. As major central banks around the world including the US Federal Reserve s

Published 09 Jul, 2019 12:00am

Brazil win Copa America

Ten-man Brazil held on to win the Copa America on home soil despite Gabriel Jesus's dismissal with a 3-1 victory over Peru on Sunday. Jesus scored the decisive goal after a penalty from Peru captain Paolo Guerrero canceled out Everton's opener for hosts B

Published 09 Jul, 2019 12:00am

Currency

Zimbabwe poised to raise public workers pay again

The Zimbabwean government is ready to raise civil servants' pay for the second time in three months because incomes have been eroded by soaring inflation, Finance Minister Mthuli Ncube said on Monday, after a labour group threatened protests.

Published 09 Jul, 2019 12:00am

Poland urges China to boost investment, drop tariffs

Poland's foreign minister on Monday urged China to invest more in central Europe and to drop tariff barriers as his Chinese counterpart sought assurances that Warsaw would consider Beijing's controversial 5G technology.

Published 09 Jul, 2019 12:00am

Prize money for women's British Open raised by 40pc

Prize money for the women's British Open will rise by 40 percent to a total prize pot of $4.5 million, organisers the R&A announced on Monday. The winner of this year's tournament at Woburn on August 1-4 will pocket $675,000, up from the $490,000 Georgia

Published 09 Jul, 2019 12:00am

Mexico defeat USA to win record eighth Gold Cup

Jonathan dos Santos scored the only goal as Mexico defeated the United States 1-0 to win the CONCACAF Gold Cup for a record eighth time at Soldier Field on Sunday. Los Angeles Galaxy midfielder dos Santos rifled home in the 73rd minute to settle a hard-fo

Published 09 Jul, 2019 12:00am

Djokovic, Nadal move into quarters

Novak Djokovic and Rafael Nadal eased into the Wimbledon quarter-finals on Monday as the sport's Grand Slam heavyweights continued to deliver blow after blow to their wilting lightweight rivals. Defending champion and world number one Novak Djokovic reach

Published 09 Jul, 2019 12:00am

Barty, Gauff, Pliskova exit Wimbledon as Serena advances

World number one Ashleigh Barty's hopes of becoming the first Australian women's champion in nearly four decades were dashed on Monday, opening the way for Serena Williams to potentially equal the all-time Grand Slam haul. At the opposite end of the age s

Published 09 Jul, 2019 12:00am

Kohli, Williamson renew rivalry in semi-final

India captain Virat Kohli may have captured the wicket of "special" New Zealand skipper Kane Williamson when they were teenagers, but he has no plans for a repeat performance in Tuesday's World Cup semi-final at Old Trafford. The two star batsmen first en

Published 09 Jul, 2019 12:00am

Bangladesh sack coach Rhodes after lacklustre World Cup

Bangladesh cricket authorities on Monday announced they would let go head coach Steve Rhodes after a disappointing campaign in the World Cup. "We have decided to part ways with the head coach by mutual consent. The decision will be effective immediately,"

Published 09 Jul, 2019 12:00am

Currency

Most Asian currencies weaken

Most Asian currencies weakened on Monday after the dollar took heart from strong US jobs data that tempered expectations for a rate cut from the Federal Reserve. Friday's strong US jobs numbers for June reduced hopes for a Fed rate cut, and investors are

Published 09 Jul, 2019 12:00am

Currency

Dollar holds near 3-week high in Europe

The dollar held near three-week highs on Monday, keeping its gains after last week's strong US jobs data lowered expectations for a sharp Federal Reserve interest rate cut. Elsewhere, the Turkish lira fell steeply after President Tayyip Erdogan dismissed

Published 09 Jul, 2019 12:00am

Currency	Rate
USD PKR Interbank Selling / May 9	281.75
USD PKR Interbank Buying / May 9	281.50
USD to Japanese Yen / May 9	145.37
USD to Swiss Franc / May 9	0.83
Pound Sterling to USD / May 9	1.33
Euro to USD / May 9	1.12
UK LIBOR % / May 9	4.96

Stock	Volume
S&P 500 / May 9	5,659.91
India Sensex / May 9	79,454.47
Tokyo Nikkei / May 9	37,503.33
Nasdaq / May 9	17,928.92
Hang Seng / May 9	22,867.74
FTSE 100 / May 9	8,554.80
Dow Jones / May 9	41,249.38
Germany DAX 30 / May 9	23,499.32
France CAC40 / May 9	7,743.75

Item	Value
Crude Oil USD/Barrel / May 9	61.02
Karachi Cotton PKR/37.32 KG / May 9	16,985
Gold 10 Grams PKR / May 9	300,840
Gold Spot USD/Ounce / May 9	3,324.98
Cotton US¢/pound / May 9	66.61
Petrol/Litre / May 12	252.63
Diesel/Litre / May 12	256.64

Stock	Price
First AL-Noor Mod. / May 9 First Al-Noor Modaraba(FANM)	3 ▲ 0.67 (28.76%)
Premier Insurance / May 9 Premier Insurance Limited(PINL)	5.15 ▲ 0.72 (16.25%)
Escorts Bank / May 9 Escorts Investment Bank Limited(ESBL)	5.98 ▲ 0.83 (16.12%)
Parmount Sp. / May 9 Paramount Spinning Mills Limited(PASM)	3.22 ▲ 0.41 (14.59%)
UDL International / May 9 UDL International Limited(UDLI)	7.10 ▲ 0.85 (13.6%)
Abdullah Shah / May 9 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	5.44 ▲ 0.65 (13.57%)
Chenab Ltd (Pref) / May 9 Chenab Limited (Pref)(CLCPS)	2.05 ▲ 0.23 (12.64%)
LSE Capital / May 9 LSE Capital Limited(LSECL)	4.39 ▲ 0.48 (12.28%)
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	6.42 ▲ 0.7 (12.24%)
D.S. Ind. Ltd. / May 9 D.S. Industries Limited(DSIL)	3.90 ▲ 0.41 (11.75%)

Stock	Price
Cyan Limited / May 9 Cyan Limited(CYAN)	27.05 ▼ -5.03 (-15.68%)
Burj Clean Energy Modaraba / May 9 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.11 ▼ -1 (-12.33%)
Universal Ins. / May 9 The Universal Insurance Company Limited(UVIC)	8.25 ▼ -1 (-10.81%)
Sally Textile / May 9 Sally Textile Mills Limited(SLYT)	7.14 ▼ -0.86 (-10.75%)
Jubilee Spinning / May 9 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	8.43 ▼ -0.95 (-10.13%)
At-Tahur Ltd. / May 9 At-Tahur Limited(PREMA)	42.57 ▼ -4.73 (-10%)
Khyber Tobacco / May 9 Khyber Tobacco Company Limited(KHTC)	342.26 ▼ -38.03 (-10%)
Dewan Mushtaq / May 9 Dewan Mushtaq Textile Mills Limited(DMTM)	9.29 ▼ -1.03 (-9.98%)
PIA Holding Co.Ltd / May 9 PIA Holding Company Limited(PIAHCLA)	12.23 ▼ -1.35 (-9.94%)
First Elite Cap.Mod / May 9 First Elite Capital Modaraba(FECM)	18.44 ▼ -2 (-9.78%)

Stock	Volume
WorldCall Telecom / May 9 Worldcall Telecom Limited(WTL)	47,087,025 ▲ 0.06
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	33,590,475 ▲ 0.7
Sui South Gas / May 9 Sui Southern Gas Company Limited(SSGC)	29,288,646 ▼ -1.53
B.O.Punjab / May 9 The Bank of Punjab(BOP)	18,310,598 ▲ 0.44
Pak Refinery / May 9 Pakistan Refinery Limited(PRL)	15,347,121 ▲ 0.3
PIA Holding Co.Ltd / May 9 PIA Holding Company Limited(PIAHCLA)	14,961,675 ▼ -1.35
Sui North Gas / May 9 Sui Northern Gas Pipelines Limited(SNGP)	14,847,660 ▲ 5.69
K-Electric Ltd. / May 9 K-Electric Limited(KEL)	14,463,181 ▲ 0.09
Maple Leaf Cement / May 9 Maple Leaf Cement Factory Limited(MLCF)	13,544,491 ▲ 2.45
Kohinoor Spining / May 9 Kohinoor Spinning Mills Limited(KOSM)	13,517,642 ▲ 0.05

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