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Sep 23, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2019-07-16
Amazon staff stage strikes in Germany on big sale day

Amazon staff stage strikes in Germany on big sale day

Amazon employees went on strike at seven locations in Germany on Monday, demanding better wages as the US online retail giant launched its two-day global shopping discount extravaganza called Prime Day. Workers in Germany walked out early Monday, with Orh
Published 16 Jul, 2019 12:00am
New fumigation conditions perturb yellow corn exporters
Exchange

New fumigation conditions perturb yellow corn exporters

Exporters are facing difficulties in the export of yellow corn due to strict and sudden fumigation conditions imposed by the Department of Plant Protection (DPP). Commodity exporters told Business Recorder on Monday that the DPP has asked the expor
Published 16 Jul, 2019 12:00am
Ghulam Nabi Memon made new Karachi police chief

Ghulam Nabi Memon made new Karachi police chief

Pakistan Peoples' Party-led Sindh government on Monday replaced Dr Amir Sheikh with Ghulam Nabi Memon as new police chief of the metropolis. According to a notification, vital reshuffling has taken place in top-brass of Karachi Police.
Published 16 Jul, 2019 12:00am
Hamza accumulated 95 percent of assets through fake TTs, claims Shahzad

Hamza accumulated 95 percent of assets through fake TTs, claims Shahzad

Special Assistant to Prime Minister on Accountability Shahzad Akbar has alleged that Hamza Shahbaz accumulated 95 percent of his assets through fake telegraphic transfers (TTs). Addressing a press conference here on Monday, Akbar claimed that those who co
Published 16 Jul, 2019 12:00am
Huawei fever hits the nation Y9 Prime pre-booking launched

Huawei fever hits the nation Y9 Prime pre-booking launched

It seems that the Huawei fever is continuing well beyond the pre-order phase of HUAWEI Y9 Prime 2019. After roping in 300 percent more pre-orders than its predecessor, sales of the midrange killer have swelled up manifolds. In the first two hours since th
Published 16 Jul, 2019 12:00am
PKI threatens protests if demands not accepted in 15 days
Cotton

PKI threatens protests if demands not accepted in 15 days

The Pakistan Kissan Ittehad (PKI) has announced to stage a demonstration in front of the National Assembly building if the charter of demands presented by it is not accepted within next 15 days. "Our demands are aimed at resolving the issues being faced b
Published 16 Jul, 2019 12:00am
Uncertainty regarding taxes brings market activities to halt
Currency

Uncertainty regarding taxes brings market activities to halt

Prevailing uncertainty regarding imposition of taxes has brought market activities to a halt, as market sources are of the view that small and medium traders are clueless and totally blank with regard to new tax regime. Major retail chains have some idea
Published 16 Jul, 2019 12:00am
Sharif brothers' corruption brought defamation to country: minister

Sharif brothers' corruption brought defamation to country: minister

Provincial Information Minister Syed Sumsam Ali Bukhari has said that PML-N is helpless in showing non-acceptance to adverse media reports. While addressing a meeting, here Monday, Sumsam said, "The PML-N spokesperson should set the record straight instea
Published 16 Jul, 2019 12:00am
Hafiz Saeed & others get pre-arrest bail

Hafiz Saeed & others get pre-arrest bail

An anti-terrorism court on Monday granted pre-arrest bail to Jamat-ud-Dawa (JuD) chief Hafiz Muhammad Saeed and his three aids in two cases of alleged use of land allocated for religious seminaries for the purpose of terror financing. The other petitioner
Published 16 Jul, 2019 12:00am
BISE announces Class-X results

BISE announces Class-X results

The Lahore Board of Intermediate and Secondary Education (BISE) on Monday announced that 71.5 percent candidates passed the matriculation annual examination 2019. According to the results, 227221 students appeared in the examination out of whom 163026 wer
Published 16 Jul, 2019 12:00am
Buzdar assures Sanjrani, to defeat no-trust move

Buzdar assures Sanjrani, to defeat no-trust move

Punjab chief minister Sardar Usman Buzdar met with chairman Senate Muhammad Sadiq Sanjrani on Monday and discussed various matters of mutual interest including the development process and important national affairs.
Published 16 Jul, 2019 12:00am
'Installing CCTV cameras at police stations serve no purpose'

'Installing CCTV cameras at police stations serve no purpose'

In what appears to be a case of sheer negligence on the part of Punjab police, many police stations in the provincial metropolis lack backup data of monitoring videos of the rooms of station house officers (SHOs) and lockups. In January, Punjab IGP Arif N
Published 16 Jul, 2019 12:00am
Sri Lankan HC organises catalogue show at LCCI

Sri Lankan HC organises catalogue show at LCCI

The Sri Lankan High Commission in collaboration with the Lahore Chamber of Commerce and Industry (LCCI) has organized a catalogue show at the LCCI premises on Monday. The Catalogue Show aimed at promoting interaction between the business communities of th
Published 16 Jul, 2019 12:00am
Groundbreaking ceremony for 'Zameen Ace Mall' held

Groundbreaking ceremony for 'Zameen Ace Mall' held

Zameen Developments organized the official groundbreaking ceremony for its first mixed-use project in Islamabad, titled 'Zameen Ace Mall', said a spokesman here on Monday. The project is a joint venture between Zameen Developments, renowned Islamabad-base
Published 16 Jul, 2019 12:00am
Jauharabad Sugar Mills Limited

Jauharabad Sugar Mills Limited

Jauharabad Sugar Mills Limited (PSX: JSML) received the license for sugar milling in 1949. At the time known as Kohinoor Sugar Mills Limited (owned by the Kohinoor-Saigol group), till date it is the only sugar mill established in district Khushab of Sargo
Published 16 Jul, 2019 12:00am
Jauharabad Sugar Mills Limited

Jauharabad Sugar Mills Limited

Jauharabad Sugar Mills Limited (PSX: JSML) received the license for sugar milling in 1949. At the time known as Kohinoor Sugar Mills Limited (owned by the Kohinoor-Saigol group), till date it is the only sugar mill established in district Khushab of Sargo
Published 16 Jul, 2019 12:00am
New price of urea: Razak convenes meeting today
Cotton

New price of urea: Razak convenes meeting today

Prime Minister's Adviser on Commerce, Textile, Industries and Production and Investment, Abdul Razak Dawood has convened another meeting on urea prices on Tuesday (today) to evolve consensus on new price of urea as Prime Minister is unwilling to allow inc
Published 16 Jul, 2019 12:00am
Lunar calendar to be submitted before cabinet next week: minister

Lunar calendar to be submitted before cabinet next week: minister

Ministry of Science and Technology is all set to submit the first five-year lunar calendar with the federal cabinet for approval next week, along with the recommendation of abolishing Ruet-e-Hilal Committee for moon sighting. This was announced by Federal
Published 16 Jul, 2019 12:00am
US MIDDAY: gold inches down

US MIDDAY: gold inches down

Gold edged lower on Monday as global stock markets gained with investors focusing on some upbeat economic readings from mixed Chinese economic data, while a firm dollar further weighed on bullion. Spot gold fell about 0.3% to $1,411.95 per ounce as of 1:4
Published 16 Jul, 2019 12:00am
US MIDDAY: corn declines

US MIDDAY: corn declines

Chicago Board of Trade grain futures declined on Monday after corn touched a five-year high and soyabeans reached a one-year peak, as forecasts for rain in US crop-growing areas eased concerns about hot, dry weather. A recent warm, dry spell had fuelled w
Published 16 Jul, 2019 12:00am
Gold slips in Europe

Gold slips in Europe

Gold edged lower on Monday as global stock markets gained with investors focussing on some upbeat economic readings from mixed Chinese economic data, while a firm dollar further weighed on bullion. Spot gold fell about 0.5% to $1,409.09 per ounce as of 10
Published 16 Jul, 2019 12:00am
Gold dips in Asia

Gold dips in Asia

Gold prices slipped on Monday, consolidating above $1,400 pivot, as key China data assuaged concerns about global economic slowdown and boosted appetite for riskier assets. Spot gold was down 0.2% at $1,413.20 per ounce, as of 0717 GMT. US gold futures we
Published 16 Jul, 2019 12:00am
Raw sugar falls as whites hit contract low ahead of expiry

Raw sugar falls as whites hit contract low ahead of expiry

Raw sugar prices hit their lowest in six weeks on Monday as the potential for a large delivery ahead of the August white sugar contract expiry on Tuesday weighed on the complex. Front-month white sugar futures fell as low as $291.50 per tonne, their weake
Published 16 Jul, 2019 12:00am
Heatwave prompts cut in Strategie's EU wheat crop

Heatwave prompts cut in Strategie's EU wheat crop

Strategie Grains cut its monthly forecast for this year's European Union soft wheat harvest by more than 2 million tonnes as it factored in a late-June heatwave in western Europe. Analysts at the consultancy pegged 2019 EU soft wheat production at 140.6 m
Published 16 Jul, 2019 12:00am
Palm oil hits over one-week high
Vegetable Oil

Palm oil hits over one-week high

Malaysian palm oil futures climbed on Monday to their highest in more than a week, tracking strength in US grains on the Chicago Board of Trade (CBOT) and related edible oils on China's Dalian Commodity Exchange. The benchmark palm oil contract for Septem
Published 16 Jul, 2019 12:00am
Algeria suspends grain agency head

Algeria suspends grain agency head

Algeria's government has suspended the head of grains agency OAIC over corruption allegations, sources close to the prime minister's office said, creating uncertainty for traders who supply one of the world's biggest cereal importers. The decision to susp
Published 16 Jul, 2019 12:00am
Oil prices down on dwindling storm impact, Chinese data

Oil prices down on dwindling storm impact, Chinese data

Oil prices sank about 1% on Monday on signs that the impact of a tropical storm on US Gulf Coast production and refining would be short-lived, while Chinese economic data dimmed the crude demand outlook. Brent crude futures settled at $66.48 a barrel, los
Published 16 Jul, 2019 12:00am
Copper hits two-week high; gains capped by demand doubts
Exchange

Copper hits two-week high; gains capped by demand doubts

Copper prices touched two-week highs on Monday as better than expected industrial output and investment data from top consumer China boosted sentiment, though gains were capped by the protracted US-China trade dispute. Benchmark copper on the London Metal
Published 16 Jul, 2019 12:00am
EU holds Iran nuclear crisis talks as Tehran issues fresh threats

EU holds Iran nuclear crisis talks as Tehran issues fresh threats

European foreign ministers held crisis talks Monday on saving the beleaguered Iran nuclear deal as Britain warned the "small window" for success was closing and Tehran issued fresh threats of restarting its atomic programme. Tensions in the Gulf have soar
Published 16 Jul, 2019 12:00am
Taliban bomb kills at least 11 Afghans in Kandahar

Taliban bomb kills at least 11 Afghans in Kandahar

At least 11 civilians were killed and dozens more wounded Monday after their vehicle hit a bomb in southern Afghanistan that officials told AFP had been planted by the Taliban. The deaths come just one week after Taliban and Afghan officials unveiled a "r
Published 16 Jul, 2019 12:00am
Drug gangs behind Sri Lanka Easter bombings: president

Drug gangs behind Sri Lanka Easter bombings: president

International drug syndicates orchestrated Sri Lanka's deadly Easter Sunday bombings, the country's leader claimed Monday, despite earlier blaming the attacks on Islamists. The statement comes amid a nationwide narcotics crackdown, with President Maithrip
Published 16 Jul, 2019 12:00am
Ebola case in DRC's Goma 'a warning': WHO

Ebola case in DRC's Goma 'a warning': WHO

A confirmed Ebola case in the key Democratic Republic of Congo city of Goma is "a warning" about the dangers of the outbreak, a top UN official said Monday. "Goma is a warning," the World Health Organization's emergencies chief, Mike Ryan, told reporters
Published 16 Jul, 2019 12:00am
Europe's GPS rival Galileo suffers outage

Europe's GPS rival Galileo suffers outage

Europe's Galileo satellite position system, a future rival of the American GPS network, has been out of service since Friday, its oversight agency said. The European Global Navigation Satellite Systems Agency (GSA) said the outage was caused by a "technic
Published 16 Jul, 2019 12:00am
Ten dead after Bangladesh train strikes wedding party

Ten dead after Bangladesh train strikes wedding party

At least 10 people were killed in a northwestern Bangladesh town after a train hit a wedding party van at an unmanned crossing, officials said Monday. The Dhaka-bound train hit the van in Ullahpara, some 145 kilometres (90 miles) away from the capital, as
Published 16 Jul, 2019 12:00am
At least five dead in Baghdad suicide blasts

At least five dead in Baghdad suicide blasts

At least five people were killed in twin suicide blasts near a Shiite mosque in southwest Baghdad on Monday, Iraqi security and medical sources said. Doctors at the capital's Al-Yarmuk hospital gave a casualty toll of five dead and 14 wounded. Two suicide
Published 16 Jul, 2019 12:00am
Saudi Arabia to support indebted Lebanon, say ex-PMs

Saudi Arabia to support indebted Lebanon, say ex-PMs

Saudi Arabia is preparing to support Lebanon through its economic challenges, three Lebanese ex-premiers indicated after meeting Saudi King Salman in Jeddah on Monday. After years of backsliding, heavily indebted Lebanon faces financial crisis without eco
Published 16 Jul, 2019 12:00am
UN extends Yemen monitor mission by six months

UN extends Yemen monitor mission by six months

The UN Security Council voted unanimously Monday to extend its ceasefire observation mission in the Yemeni port city of Hodeida by six months, until January 15 2020. It also called on Secretary-General Antonio Guterres to deploy a full contingent of obser
Published 16 Jul, 2019 12:00am
Three children, woman killed in France train-car crash

Three children, woman killed in France train-car crash

A woman and three children were killed Monday when a train smashed into their car at a level crossing in eastern France. Four people on the regional train travelling from the city of Reims to Epernay in the Champagne region suffered minor injuries in the
Published 16 Jul, 2019 12:00am
Two die, thousands flee after 7.3 quake in Indonesia

Two die, thousands flee after 7.3 quake in Indonesia

At least two people have been found dead and thousands were forced from their homes after a major 7.3-magnitude earthquake hit the remote Maluku islands in eastern Indonesia, an official said Monday. The shallow quake struck about 165 kilometres (100 mile
Published 16 Jul, 2019 12:00am
White House moves to block asylum for migrants crossing Mexico

White House moves to block asylum for migrants crossing Mexico

The Trump administration moved Monday to declare most migrants who cross the US southern border after passing through Mexico ineligible for asylum. A new rule redefining asylum eligibility - to take effect on Tuesday - is the latest attempt to stem the fl
Published 16 Jul, 2019 12:00am
Aussie, kiwi cheered by upbeat China data
Currency

Aussie, kiwi cheered by upbeat China data

The Australian and New Zealand dollars inched higher on Monday after Chinese economic data either matched or beat market forecasts, suggesting policy stimulus there was making a much-needed impression. The Aussie dollar rose to $0.7029 and away from the r
Published 16 Jul, 2019 12:00am
Sterling slides back to six-month lows against dollar, euro

Sterling slides back to six-month lows against dollar, euro

The British pound fell back towards six-month lows against the dollar and the euro on Monday, with traders still nervous about a loss of momentum in the UK economy, the prospect of an interest rate cut and a new prime minister. At the end of last week, st
Published 16 Jul, 2019 12:00am
South Africa's rand up
Currency

South Africa's rand up

South Africa's rand firmed on Monday as bets the Federal Reserve will cut interest rates next week continued to boost the currency in the absence of any local economic drivers, on a day dominated by ex-president Jacob Zuma's testimony at a graft inquiry.
Published 16 Jul, 2019 12:00am
Canadian dollar little changed
Currency

Canadian dollar little changed

The Canadian dollar was little changed against its US counterpart on Monday, holding near Friday's nine-month high, as domestic data showed that housing sales dipped for the first time in four months. At 10:11 am. (1411 GMT), the Canadian dollar was tradi
Published 16 Jul, 2019 12:00am
Emerging Asian currencies gain; rupiah outperforms
Currency

Emerging Asian currencies gain; rupiah outperforms

Emerging Asian currencies got the week off to a firmer start on Monday, buoyed by encouraging Chinese economic data, while the Indonesian rupiah led the gains after the country's president pledged to open up investment opportunities. Second quarter gross
Published 16 Jul, 2019 12:00am
Latam FX mixed
Currency

Latam FX mixed

Latin American markets had a tepid start on Monday with Brazilian assets subdued as economic worries eclipsed optimism from pensions reform hopes, while currencies in the region were mixed with Argentina's peso dropping on a Moody's outlook cut. The Sao P
Published 16 Jul, 2019 12:00am
Euro inches up against dollar in Europe
Exchange

Euro inches up against dollar in Europe

The euro remained within its recent trading range against the dollar on Monday, its progress capped by expectations for a dovish European Central Bank meeting next week and after investors turned more bearish on the currency. Foreign exchange markets were
Published 16 Jul, 2019 12:00am
Early trade in New York: dollar modestly higher
Exchange

Early trade in New York: dollar modestly higher

The dollar was little changed to slightly higher on Monday in thin summer trading, with the greenback's upside potential hampered by expectations the Federal Reserve will cut interest rates at next week's policy meeting. Investors expect the Fed to reduce
Published 16 Jul, 2019 12:00am
Dollar stays on defensive in Asia
Currency

Dollar stays on defensive in Asia

The dollar stayed on the defensive on Monday, pinned down by expectations of a Federal Reserve rate cut this month, as traders in Asia waited for the latest update on the health of the world's second largest economy. Figures due at 0200 GMT are expected t
Published 16 Jul, 2019 12:00am
Bitcoin drops more than 10 percent
Currency

Bitcoin drops more than 10 percent

Bitcoin slumped more than 10 percent over the weekend to a two-week low as fears of a crackdown of cryptocurrencies grew on mounting scrutiny of Facebook's planned Libra digital coin. Bitcoin fell 11.1% from Friday to $9,855 early on Monday, its lowest si
Published 16 Jul, 2019 12:00am
Algeria stun Nigeria to reach Africa Cup of Nations final

Algeria stun Nigeria to reach Africa Cup of Nations final

Riyad Mahrez rifled in a stoppage-time free-kick to earn Algeria a dramatic 2-1 victory over three-time champions Nigeria on Sunday and set up a rematch with Senegal in the Africa Cup of Nations final. Algeria led through a first-half own goal by William
Published 16 Jul, 2019 12:00am
Boxing legend 'Sweet Pea' Whitaker dies

Boxing legend 'Sweet Pea' Whitaker dies

Former Olympic boxing gold medallist and four-weight world champion Pernell Whitaker has died after a traffic accident in Virginia, police confirmed on Monday. The 55-year-old was killed after being struck by a vehicle at an intersection in Virginia Beach
Published 16 Jul, 2019 12:00am
Serbian press crown Djokovic 'King of Tennis'

Serbian press crown Djokovic 'King of Tennis'

The Serbian press on Monday proclaimed Novak Djokovic "king of tennis" with the "heart of a hero" after he claimed his fifth Wimbledon title beating eight-time champion Roger Federer. The 32-year-old Serbian saved two match points as he took his Grand Sla
Published 16 Jul, 2019 12:00am
Griezmann trains for the first time with Barcelona

Griezmann trains for the first time with Barcelona

French striker Antoine Griezmann trained with his new Barcelona teammates for the first time on Monday following his controversial move from Atletic Madrid last week. "The first of two sessions scheduled for the day was completed by all available first te
Published 16 Jul, 2019 12:00am
China go seven for seven at world diving

China go seven for seven at world diving

Cao Yuan and Chen Aisen destroyed a quality field to win gold in the men's 10-metre synchro platform Monday as China's peerless divers made it seven from seven at the world championships. Former Olympic champion Cao and Chen, the reigning Olympic king, ra
Published 16 Jul, 2019 12:00am
Kiwis praise team but query 'cruel' rules

Kiwis praise team but query 'cruel' rules

Heartbroken New Zealanders expressed pride Monday in the Black Caps' fighting spirit after defeat to England in the Cricket World Cup final, but also bemusement at the obscure rules that cost them the match. The Black Caps lost even though scores were tie
Published 16 Jul, 2019 12:00am
England celebrate World Cup triumph with young fans

England celebrate World Cup triumph with young fans

England revelled in their first World Cup triumph on Monday, soaking up the adulation of a disbelieving nation after one of the most extraordinary finishes to a cricket match in history. The host country, after 44 years of trying, finally became world cha
Published 16 Jul, 2019 12:00am
Stokes sets sights on Ashes glory

Stokes sets sights on Ashes glory

Ben Stokes has already started turning his attention to the Ashes just a day after starring for England in their dramatic World Cup final win against New Zealand. The all-rounder made an unbeaten 84 as the host nation tied the scores in regulation play at
Published 16 Jul, 2019 12:00am
Hunger on the rise worldwide as 821 million affected: UN

Hunger on the rise worldwide as 821 million affected: UN

More than 821 million people suffered from hunger, food insecurity and malnutrition worldwide last year, the United Nations reported Monday - the third year in a row that the number has risen.
Published 16 Jul, 2019 12:00am
Atlantia, Delta picked to reboot ailing Alitalia

Atlantia, Delta picked to reboot ailing Alitalia

Italy's state railway Ferrovie dello Stato (FS) on Monday said it had chosen the Atlantia group and US airline Delta as partners to reboot the ailing carrier Alitalia. The economy ministry is to be the fourth main investor in Alitalia, which has struggled
Published 16 Jul, 2019 12:00am
Huawei plans to invest $3.1 billion in Italy

Huawei plans to invest $3.1 billion in Italy

Chinese tech giant Huawei said Monday it plans to invest $3.1 billion (2.75 billion euros) in Italy over three years, as the firm looks to strengthen its foothold in Europe after the US labelled it a major security risk.
Published 16 Jul, 2019 12:00am
Zimbabwe inflation rate soars to 175 percent
Currency

Zimbabwe inflation rate soars to 175 percent

Zimbabwe's annual inflation rate hit 175 percent in June, official data showed Monday, stoking fears of a return of the hyperinflation that wiped out savings ten years ago when the economy collapsed. Supplies of essentials such as bread, medicine and petr
Published 16 Jul, 2019 12:00am
Zambian president sacks finance minister
Exchange

Zambian president sacks finance minister

Zambia's President Edgar Lungu has fired Finance Minister Margaret Mwanakatwe, a statement from the presidency said Monday, as the economy grows at its slowest rate in 20 years. Mwanakatwe, 57, was appointed only last year but was removed on Sunday withou
Published 16 Jul, 2019 12:00am
Citigroup earnings climb on lower expenses

Citigroup earnings climb on lower expenses

Citigroup reported increased second-quarter earnings on Monday, benefitting from higher lending and lower expenses despite worries over a slowing economy. The first of the large US banks to report this week, Citigroup notched net income of $4.8 billion, u
Published 16 Jul, 2019 12:00am
Canada offers new rules for airline passengers

Canada offers new rules for airline passengers

Canada introduced new consumer protection rules Monday for airline passengers travelling to or from the country, offering up to Can$2,400 (1,634 euros) in compensation for people who miss flights because airlines have overbooked.
Published 16 Jul, 2019 12:00am
EU slams 'misinformation' against Mercosur trade deal

EU slams 'misinformation' against Mercosur trade deal

The European Commission dismissed critics of its ambitious trade deal with South America on Monday, insisting that strict EU norms on food standards would be respected. After two decades of talks, last month the EU announced a preliminary trade agreement
Published 16 Jul, 2019 12:00am
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