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Print - 2019-07-29
Heavy rains paralyse life in Hazara

Heavy rains paralyse life in Hazara

Torrential rain paralyzed activities in Hazara Division of Khyber Pakhtunkhwa as several link roads were disconnected. The flood water also entered into the ward of Ayub Medical Complex (AMC) Abbottabad. Owing to heavy downpour in upper Hazara, roads in a
Published 29 Jul, 2019 12:00am
Some elements don't want peace in Afghanistan: Qureshi

Some elements don't want peace in Afghanistan: Qureshi

Foreign Minister Shah Mehmood Qureshi Sunday said Pakistan wanted peace in Afghanistan, but some elements were against the peace process. Those, who did not want peace in the region, would be exposed soon, he said while talking to media persons here after
Published 29 Jul, 2019 12:00am
Chinese textile firms' delegation meets Punjab trade minister

Chinese textile firms' delegation meets Punjab trade minister

A delegation of representatives from China's top textile companies met Provincial Minister for Industry, Trade, and Information & Culture Mian Aslam Iqbal here at 90-Shahrah-e-Quaid-e-Azam on Sunday. The objective of the meeting was their keen interest in
Published 29 Jul, 2019 12:00am
2 transgender tortured, killed in Sahiwal

2 transgender tortured, killed in Sahiwal

Police say they have found the bodies of two transgender women who were tortured and beaten to death. Senior officer Mohammad Ali Zia says the bodies were recovered late Saturday from a locked house in the Sahiwal district of the Punjab province. He says
Published 29 Jul, 2019 12:00am
Hepatitis Day marked in Peshawar

Hepatitis Day marked in Peshawar

An awareness session and walk held at University of Peshawar to mark the World Hepatitis Day in Peshawar. The session was conducted by Regional Blood Center (RBC), health department in collaboration with the Hamza Welfare Foundation University town, Pesha
Published 29 Jul, 2019 12:00am
Acting US CG visits Merewether Clock Tower

Acting US CG visits Merewether Clock Tower

Acting US Consul General Darian Arky visited Merewether Clock Tower on Sunday. Deputy Mayor Karachi Syed Arshad Hasan briefed him on that and other historical buildings. He said that historical buildings are symbol and identity of Karachi where KMC take c
Published 29 Jul, 2019 12:00am
Pak-Turkish navy's bilateral exercise concludes
Exchange

Pak-Turkish navy's bilateral exercise concludes

A bilateral 'EXERCISE AYYILDIZ-2019' between Pakistan Navy's Special Service Group (SSG Navy) and Turkish Navy's Special Forces, 'Su Alti Taarruz' (SAT), concluded at Karachi. This series of bilateral exercise has been regularly conducted between Pakistan
Published 29 Jul, 2019 12:00am
Street children to outnumber schoolchildren soon: PDP

Street children to outnumber schoolchildren soon: PDP

Expressing serious concern over rising school fees, rates of textbooks, stationery, increasing general price hike and falling real income of parents, Pasban Democratic Party (PDP) Chairman Altaf Shakoor has said that very soon in Pakistan street children
Published 29 Jul, 2019 12:00am
More customs officials deputed at Torkham border to facilitate trade

More customs officials deputed at Torkham border to facilitate trade

In compliance with the directions of Prime Minister Imran Khan, around 54 additional Customs personnel including superintendents, appraisers, inspectors and other supporting staff have been deployed at Model Customs Collectorate of Appraisement Peshawar f
Published 29 Jul, 2019 12:00am
Budgetary allocations demanded for digital policy

Budgetary allocations demanded for digital policy

For digitization of Economy, the policy components of Digital Policy of Pakistan need to be backed by appropriate budgetary allocations by the Government. This was stated by Dr Ing Jameel Ahmad Khan, President of Pakistan Academy of Engineering while deli
Published 29 Jul, 2019 12:00am
Four killed, 20 injured as coaster overturns

Four killed, 20 injured as coaster overturns

At least four people including three children were killed and 20 others injured when passenger coaster overturned at Baghar Mori near Keenjhar Lake in district Thatta on Sunday. According to reports received here, the passenger coaster was on its way from
Published 29 Jul, 2019 12:00am
Attack on media freedom

Attack on media freedom

This is apropos a Business Recorder editorial "Yet another attack on media freedom" of its last Saturday's issue. The government's plan to introduce 'media courts' is clearly aimed at reducing the space for dissent and freedom of expression. The go
Published 29 Jul, 2019 12:00am
Fighting talk: Ireland raises stakes in Brexit showdown

Fighting talk: Ireland raises stakes in Brexit showdown

With the prospect of a no-deal Brexit becoming ever more likely under Boris Johnson, the remaining EU member state with most to lose - Ireland - is hardening its rhetoric. Ireland has a land border with Britain that it wants to keep free-flowing after Bre
Published 29 Jul, 2019 12:00am
Untravelled road to White House

Untravelled road to White House

Prime Minister Imran Khan did the unexpected. From the White House to Capitol Hill, he made the Americans treat Pakistan with respect and warmth. Pak-US relationship has been varying between cold and downright hostile. The famous "do more" US mantra chang
Published 29 Jul, 2019 12:00am
Urgency to fulfil FATF action plan
Exchange

Urgency to fulfil FATF action plan

The success of the International Monetary Fund (IMF) bailout package depends on several factors however one that is not under much discussion domestically at least (though one would hope this is not reflective of the government's priorities) and which wou
Published 29 Jul, 2019 12:00am
Should Pakistan denuclearize, if India does?

Should Pakistan denuclearize, if India does?

To the otherwise much ballyhooed 'reset' of the Pakistan-US ties there are quite a few slips, the most disturbing being Prime Minister Imran Khan's re-interpretation of Pakistan's nuclear doctrine. In an interview with Fox News, he said Pakistan would giv
Updated 29 Jul, 2019 06:47am
Inflation
Exchange

Inflation

The Pakistan Bureau of Statistics (PBS) recently released data reveals the impact of the Sensitive Price Index (SPI) for the week ending 18 July on different income groups: the SPI for the lowest income group 8,000 to 12,000 rupees per month rose by 12.88
Updated 29 Jul, 2019 06:42am
Russia detains more than 1,000 people in opposition crackdown

Russia detains more than 1,000 people in opposition crackdown

Russian police rounded up more than 1,000 people in Moscow on Saturday in one of the biggest crackdowns of recent years against an increasingly defiant opposition decrying President Vladimir Putin's tight grip on power. The detentions came around a protes
Published 29 Jul, 2019 12:00am
Russia detains more than 1,000 people in opposition crackdown

Russia detains more than 1,000 people in opposition crackdown

Russian police rounded up more than 1,000 people in Moscow on Saturday in one of the biggest crackdowns of recent years against an increasingly defiant opposition decrying President Vladimir Putin's tight grip on power. The detentions came around a protes
Published 29 Jul, 2019 12:00am
After a year of Trump pressure, Fed struggles to communicate

After a year of Trump pressure, Fed struggles to communicate

For the first time since the Great Recession a decade ago, the US Federal Reserve is poised to cut interest rates, shoring up America's defenses as the global economy weakens. It will mark a striking about-face for the central bank, reversing a rate incre
Published 29 Jul, 2019 12:00am
After a year of Trump pressure, Fed struggles to communicate

After a year of Trump pressure, Fed struggles to communicate

For the first time since the Great Recession a decade ago, the US Federal Reserve is poised to cut interest rates, shoring up America's defenses as the global economy weakens. It will mark a striking about-face for the central bank, reversing a rate incre
Published 29 Jul, 2019 12:00am
No lawsuit against UK publication by Shahbaz: Shahzad

No lawsuit against UK publication by Shahbaz: Shahzad

Special Assistant to the Prime Minister on Accountability, Shahzad Akbar has claimed that Pakistan Muslim League-Nawaz (PML-N) president Shahbaz Sharif did not initiate a case against British publication the 'The Mail on Sunday' and online news site 'Mail
Published 29 Jul, 2019 12:00am
No lawsuit against UK publication by Shahbaz: Shahzad

No lawsuit against UK publication by Shahbaz: Shahzad

Special Assistant to the Prime Minister on Accountability, Shahzad Akbar has claimed that Pakistan Muslim League-Nawaz (PML-N) president Shahbaz Sharif did not initiate a case against British publication the 'The Mail on Sunday' and online news site 'Mail
Published 29 Jul, 2019 12:00am
UAE's Dana Gas hires adviser to sell Egypt assets

UAE's Dana Gas hires adviser to sell Egypt assets

United Arab Emirates' Dana Gas has hired investment bank Tudor, Pickering, Holt & Co. (TPH) to advise it on the sale of its Egyptian assets, worth over $500 million, two sources familiar with the matter said, as the company shifts its focus to its Kurdist
Published 29 Jul, 2019 12:00am
UAE's Dana Gas hires adviser to sell Egypt assets

UAE's Dana Gas hires adviser to sell Egypt assets

United Arab Emirates' Dana Gas has hired investment bank Tudor, Pickering, Holt & Co. (TPH) to advise it on the sale of its Egyptian assets, worth over $500 million, two sources familiar with the matter said, as the company shifts its focus to its Kurdist
Published 29 Jul, 2019 12:00am
Fazl threatens march on Islamabad

Fazl threatens march on Islamabad

Jamiat Ulema-i-Islam-Fazl (JUI-F) chief Maulana Fazlur Rehman on Sunday threatened to march on Islamabad if the government does not step down by August. Speaking at a 'million march' rally organised by the party in Quetta, the JUI-F chief said that "failu
Published 29 Jul, 2019 12:00am
Fazl threatens march on Islamabad

Fazl threatens march on Islamabad

Jamiat Ulema-i-Islam-Fazl (JUI-F) chief Maulana Fazlur Rehman on Sunday threatened to march on Islamabad if the government does not step down by August. Speaking at a 'million march' rally organised by the party in Quetta, the JUI-F chief said that "failu
Published 29 Jul, 2019 12:00am
Protesters clash in Hong Kong as cycle of violence intensifies

Protesters clash in Hong Kong as cycle of violence intensifies

Hong Kong police clashed with thousands of protesters on Sunday, as they sought to defend China's main representative office from crowds seething over what many see as an increasing cycle of violence against them. Protests over the past two months spearhe
Published 29 Jul, 2019 12:00am
Protesters clash in Hong Kong as cycle of violence intensifies

Protesters clash in Hong Kong as cycle of violence intensifies

Hong Kong police clashed with thousands of protesters on Sunday, as they sought to defend China's main representative office from crowds seething over what many see as an increasing cycle of violence against them. Protests over the past two months spearhe
Published 29 Jul, 2019 12:00am
Israel, US successfully test ballistic missile interceptor

Israel, US successfully test ballistic missile interceptor

Israel and the United States have successfully carried out tests of a ballistic missile interceptor that Prime Minister Benjamin Netanyahu said Sunday provides protection against potential threats from Iran. The tests of the Arrow-3 system were carried ou
Published 29 Jul, 2019 12:00am
Israel, US successfully test ballistic missile interceptor

Israel, US successfully test ballistic missile interceptor

Israel and the United States have successfully carried out tests of a ballistic missile interceptor that Prime Minister Benjamin Netanyahu said Sunday provides protection against potential threats from Iran. The tests of the Arrow-3 system were carried ou
Published 29 Jul, 2019 12:00am
Flood, land sliding feared as monsoon rains continue

Flood, land sliding feared as monsoon rains continue

The intermittent monsoon rain has continued to wreck havoc in Punjab, Khyber Pakhtunkhwa (KP), Balochi-stan, Gilgit Baltistan, Sindh and Kashmir. According to details, major breakdown was witnessed in Karachi's Azizabad, Ayesha Manzil and other areas afte
Published 29 Jul, 2019 12:00am
Flood, land sliding feared as monsoon rains continue

Flood, land sliding feared as monsoon rains continue

The intermittent monsoon rain has continued to wreck havoc in Punjab, Khyber Pakhtunkhwa (KP), Balochi-stan, Gilgit Baltistan, Sindh and Kashmir. According to details, major breakdown was witnessed in Karachi's Azizabad, Ayesha Manzil and other areas afte
Published 29 Jul, 2019 12:00am
Russi Taylor, voice of Minnie Mouse, dies

Russi Taylor, voice of Minnie Mouse, dies

Russi Taylor, Disney's official voice of Minnie Mouse for more than three decades, has died, the entertainment giant announced Saturday. She was 75. Taylor, who was prone to giggles just like the character she voiced, captured the heart and sound of Micke
Published 29 Jul, 2019 12:00am
Russi Taylor, voice of Minnie Mouse, dies

Russi Taylor, voice of Minnie Mouse, dies

Russi Taylor, Disney's official voice of Minnie Mouse for more than three decades, has died, the entertainment giant announced Saturday. She was 75. Taylor, who was prone to giggles just like the character she voiced, captured the heart and sound of Micke
Published 29 Jul, 2019 12:00am
AC, TV not removed from Nawaz's jail cell: minister

AC, TV not removed from Nawaz's jail cell: minister

Punjab Information Minister Mian Aslam Iqbal says air-conditioner and television have not been removed from former Prime Minister Nawaz Sharif's cell in Kot Lakhpat Jail. Speaking to a private television channel, he said the Pakistan Muslim League-Nawaz (
Published 29 Jul, 2019 12:00am
AC, TV not removed from Nawaz's jail cell: minister

AC, TV not removed from Nawaz's jail cell: minister

Punjab Information Minister Mian Aslam Iqbal says air-conditioner and television have not been removed from former Prime Minister Nawaz Sharif's cell in Kot Lakhpat Jail. Speaking to a private television channel, he said the Pakistan Muslim League-Nawaz (
Published 29 Jul, 2019 12:00am
Futures spread up by 1293 basis points

Futures spread up by 1293 basis points

The futures spread increased by 1293bps to 5.97 percent on the last day of the outgoing week. Trading activities on the futures counter improved significantly as average daily volumes increased by 118.1 percent to 111.57 million shares as compared to prev
Published 29 Jul, 2019 12:00am
Futures spread up by 1293 basis points

Futures spread up by 1293 basis points

The futures spread increased by 1293bps to 5.97 percent on the last day of the outgoing week. Trading activities on the futures counter improved significantly as average daily volumes increased by 118.1 percent to 111.57 million shares as compared to prev
Published 29 Jul, 2019 12:00am
Index remains in free fall state
Exchange

Index remains in free fall state

Pakistan Stock Exchange remained under pressure during the outgoing week ended on July 26, 2019 due to selling in various sectors. BRIndex100 lost 31.92 points on week-on-week basis to close at 3,359.73 points. Average daily trading volumes stood at 71.83
Published 29 Jul, 2019 12:00am
Index remains in free fall state
Exchange

Index remains in free fall state

Pakistan Stock Exchange remained under pressure during the outgoing week ended on July 26, 2019 due to selling in various sectors. BRIndex100 lost 31.92 points on week-on-week basis to close at 3,359.73 points. Average daily trading volumes stood at 71.83
Published 29 Jul, 2019 12:00am
Index remains in free fall state
Exchange

Index remains in free fall state

Pakistan Stock Exchange remained under pressure during the outgoing week ended on July 26, 2019 due to selling in various sectors. BRIndex100 lost 31.92 points on week-on-week basis to close at 3,359.73 points. Average daily trading volumes stood at 71.83
Published 29 Jul, 2019 12:00am
Iran says meeting with parties to nuclear deal "constructive"
Exchange

Iran says meeting with parties to nuclear deal "constructive"

An emergency meeting with parties to Iran's 2015 nuclear deal was constructive but there are unresolved issues and Tehran will continue to reduce its nuclear commitments if Europeans fail to salvage the pact, Iranian official Abbas Araqchi said on Sunday.
Published 29 Jul, 2019 12:00am
Iran says meeting with parties to nuclear deal "constructive"
Exchange

Iran says meeting with parties to nuclear deal "constructive"

An emergency meeting with parties to Iran's 2015 nuclear deal was constructive but there are unresolved issues and Tehran will continue to reduce its nuclear commitments if Europeans fail to salvage the pact, Iranian official Abbas Araqchi said on Sunday.
Published 29 Jul, 2019 12:00am
Iran says European fleet in Gulf would be 'provocative'

Iran says European fleet in Gulf would be 'provocative'

Iran on Sunday slammed as "provocative" a British proposal for a European-led naval mission to escort tankers in the Gulf, amid soaring tensions over the seizure of ships. "We heard that they intend to send a European fleet to the Persian Gulf which natur
Published 29 Jul, 2019 12:00am
Iran says European fleet in Gulf would be 'provocative'

Iran says European fleet in Gulf would be 'provocative'

Iran on Sunday slammed as "provocative" a British proposal for a European-led naval mission to escort tankers in the Gulf, amid soaring tensions over the seizure of ships. "We heard that they intend to send a European fleet to the Persian Gulf which natur
Published 29 Jul, 2019 12:00am
CCP introduces whistleblower hotline
Exchange

CCP introduces whistleblower hotline

The Competition Commission of Pakistan (CCP) in line with the international best practices has revised the Leniency Regulations to achieve efficient cartel enforcement and has also introduced a whistleblower hotline. The CCP learning from the experiences
Published 29 Jul, 2019 12:00am
CCP introduces whistleblower hotline
Exchange

CCP introduces whistleblower hotline

The Competition Commission of Pakistan (CCP) in line with the international best practices has revised the Leniency Regulations to achieve efficient cartel enforcement and has also introduced a whistleblower hotline. The CCP learning from the experiences
Published 29 Jul, 2019 12:00am
CCP introduces whistleblower hotline
Exchange

CCP introduces whistleblower hotline

The Competition Commission of Pakistan (CCP) in line with the international best practices has revised the Leniency Regulations to achieve efficient cartel enforcement and has also introduced a whistleblower hotline. The CCP learning from the experiences
Published 29 Jul, 2019 12:00am
Afghanistan: SBP proposes massive changes in trade regime
Exchange

Afghanistan: SBP proposes massive changes in trade regime

The State Bank of Pakistan (SBP) has proposed massive changes in trade regime with Afghanistan, including relating to settlement of export proceeds in Pak Rupees, sources close to Prime Minister''s Adviser on Finance told Business Recorder. These p
Published 29 Jul, 2019 12:00am
Afghanistan: SBP proposes massive changes in trade regime
Exchange

Afghanistan: SBP proposes massive changes in trade regime

The State Bank of Pakistan (SBP) has proposed massive changes in trade regime with Afghanistan, including relating to settlement of export proceeds in Pak Rupees, sources close to Prime Minister's Adviser on Finance told Business Recorder. These pr
Published 29 Jul, 2019 12:00am
Afghanistan: SBP proposes massive changes in trade regime
Exchange

Afghanistan: SBP proposes massive changes in trade regime

The State Bank of Pakistan (SBP) has proposed massive changes in trade regime with Afghanistan, including relating to settlement of export proceeds in Pak Rupees, sources close to Prime Minister's Adviser on Finance told Business Recorder. These pr
Published 29 Jul, 2019 12:00am
Irfan Siddiqui released on bail

Irfan Siddiqui released on bail

Former adviser to Nawaz Sharif and journalist, Irfan Siddiqui was granted bail on Sunday, a day after a judicial magistrate sent him to Adiala Jail on a 14-day judicial remand in a tenant agreement case. Judicial Magistrate Mehreen Baloch approved bail of
Published 29 Jul, 2019 12:00am
Irfan Siddiqui released on bail

Irfan Siddiqui released on bail

Former adviser to Nawaz Sharif and journalist, Irfan Siddiqui was granted bail on Sunday, a day after a judicial magistrate sent him to Adiala Jail on a 14-day judicial remand in a tenant agreement case. Judicial Magistrate Mehreen Baloch approved bail of
Published 29 Jul, 2019 12:00am
Afghan VP candidate injured as Kabul blast kills two, wounds 25

Afghan VP candidate injured as Kabul blast kills two, wounds 25

A powerful explosion hit central Kabul on Sunday, wounding Afghan President Ashraf Ghani's running mate on the first day of official campaigning for a presidential election and killing at least two others, officials said. There was no immediate claim of r
Published 29 Jul, 2019 12:00am
Afghan VP candidate injured as Kabul blast kills two, wounds 25

Afghan VP candidate injured as Kabul blast kills two, wounds 25

A powerful explosion hit central Kabul on Sunday, wounding Afghan President Ashraf Ghani's running mate on the first day of official campaigning for a presidential election and killing at least two others, officials said. There was no immediate claim of r
Published 29 Jul, 2019 12:00am
Intra-Afghan talks only after US agrees to withdraw troops: Taliban

Intra-Afghan talks only after US agrees to withdraw troops: Taliban

The Taliban said on Sunday they will not hold direct talks with the Afghan government and rejected a statement from a senior minister about plans to hold such a meeting in the next two weeks, a senior Taliban official said. State Minister for Peace Affair
Published 29 Jul, 2019 12:00am
Intra-Afghan talks only after US agrees to withdraw troops: Taliban

Intra-Afghan talks only after US agrees to withdraw troops: Taliban

The Taliban said on Sunday they will not hold direct talks with the Afghan government and rejected a statement from a senior minister about plans to hold such a meeting in the next two weeks, a senior Taliban official said. State Minister for Peace Affair
Published 29 Jul, 2019 12:00am
100,000 non-filers to be issued notices

100,000 non-filers to be issued notices

Federal Board of Revenue (FBR) chairman Shabbar Zaidi has said the board will send notices to around 100,000 non-filers who own a house bigger than 500 yards or a vehicle above 1000 cc. While speaking to the media on Sunday, he said the non-filers would b
Published 29 Jul, 2019 12:00am
100,000 non-filers to be issued notices

100,000 non-filers to be issued notices

Federal Board of Revenue (FBR) chairman Shabbar Zaidi has said the board will send notices to around 100,000 non-filers who own a house bigger than 500 yards or a vehicle above 1000 cc. While speaking to the media on Sunday, he said the non-filers would b
Published 29 Jul, 2019 12:00am
100,000 non-filers to be issued notices

100,000 non-filers to be issued notices

Federal Board of Revenue (FBR) chairman Shabbar Zaidi has said the board will send notices to around 100,000 non-filers who own a house bigger than 500 yards or a vehicle above 1000 cc. While speaking to the media on Sunday, he said the non-filers would b
Published 29 Jul, 2019 12:00am
Tax year 2018: FBR receives 2.1 million income tax returns so far

Tax year 2018: FBR receives 2.1 million income tax returns so far

The Federal Board of Revenue (FBR) has so far received historic number of 2.1 million income tax returns for the tax year 2018. According to a tweet of Fawad Chaudhary, Federal Minister for Science & Technology, here on Sunday night, "So far 2.1 million p
Published 29 Jul, 2019 12:00am
Tax year 2018: FBR receives 2.1 million income tax returns so far

Tax year 2018: FBR receives 2.1 million income tax returns so far

The Federal Board of Revenue (FBR) has so far received historic number of 2.1 million income tax returns for the tax year 2018. According to a tweet of Fawad Chaudhary, Federal Minister for Science & Technology, here on Sunday night, "So far 2.1 million p
Published 29 Jul, 2019 12:00am
Tax year 2018: FBR receives 2.1 million income tax returns so far

Tax year 2018: FBR receives 2.1 million income tax returns so far

The Federal Board of Revenue (FBR) has so far received historic number of 2.1 million income tax returns for the tax year 2018. According to a tweet of Fawad Chaudhary, Federal Minister for Science & Technology, here on Sunday night, "So far 2.1 million p
Published 29 Jul, 2019 12:00am
THE RUPEE: minor changes
Currency

THE RUPEE: minor changes

The rupee depicted minor variations against the dollar on the money market during the week, ended on July 27, 2019. The rupee showed marginal changes versus the dollar for buying and selling at Rs 160.57 and Rs 160.59.
Published 29 Jul, 2019 12:00am
THE RUPEE: minor changes
Currency

THE RUPEE: minor changes

The rupee depicted minor variations against the dollar on the money market during the week, ended on July 27, 2019. The rupee showed marginal changes versus the dollar for buying and selling at Rs 160.57 and Rs 160.59.
Published 29 Jul, 2019 12:00am
Deployment of 10,000 fresh troops sparks fear in IoK

Deployment of 10,000 fresh troops sparks fear in IoK

Tensions in Indian-occupied Kashmir rose Sunday over the weekend deployment of at least 10,000 paramilitary troops to the troubled region despite authorities' assertions the move was routine. India maintains a deployment of 500,000 soldiers in the Muslim-
Published 29 Jul, 2019 12:00am
Deployment of 10,000 fresh troops sparks fear in IoK

Deployment of 10,000 fresh troops sparks fear in IoK

Tensions in Indian-occupied Kashmir rose Sunday over the weekend deployment of at least 10,000 paramilitary troops to the troubled region despite authorities' assertions the move was routine. India maintains a deployment of 500,000 soldiers in the Muslim-
Published 29 Jul, 2019 12:00am
Government raises $500 million through Islamic syndicated loan

Government raises $500 million through Islamic syndicated loan

The government of Pakistan has raised $500 million through an Islamic syndicated loan provided by a consortium of 12 banks, it said in a statement on Sunday. The loan, coordinated by Emirates NBD Capital, was 40 percent oversubscribed. The group of lender
Published 29 Jul, 2019 12:00am
Government raises $500 million through Islamic syndicated loan

Government raises $500 million through Islamic syndicated loan

The government of Pakistan has raised $500 million through an Islamic syndicated loan provided by a consortium of 12 banks, it said in a statement on Sunday. The loan, coordinated by Emirates NBD Capital, was 40 percent oversubscribed. The group of lender
Published 29 Jul, 2019 12:00am
Government raises $500 million through Islamic syndicated loan

Government raises $500 million through Islamic syndicated loan

The government of Pakistan has raised $500 million through an Islamic syndicated loan provided by a consortium of 12 banks, it said in a statement on Sunday. The loan, coordinated by Emirates NBD Capital, was 40 percent oversubscribed. The group of lender
Published 29 Jul, 2019 12:00am
Government raises $500 million through Islamic syndicated loan

Government raises $500 million through Islamic syndicated loan

The government of Pakistan has raised $500 million through an Islamic syndicated loan provided by a consortium of 12 banks, it said in a statement on Sunday. The loan, coordinated by Emirates NBD Capital, was 40 percent oversubscribed. The group of lender
Published 29 Jul, 2019 12:00am
The Weather

The Weather

The weather report on Sunday (July 28, 2019) and the forecast for Monday (July 29, 2019).

Published 29 Jul, 2019 12:00am
Your rupee last week
Exchange

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (July 22 to 26, 2019).

Published 29 Jul, 2019 12:00am
Dressel 'hair loss' after Brits foil bid for magnificent seven

Dressel 'hair loss' after Brits foil bid for magnificent seven

American swim sensation Caeleb Dressel complained of losing his hair Sunday after Duncan Scott's electrifying relay anchor leg denied him a seventh world title in eight days. Hot on the heels of Britain's stunning 4x100 metres medley gold, there were no s
Published 29 Jul, 2019 12:00am
Bayliss admits 'stern' chat with England Test players

Bayliss admits 'stern' chat with England Test players

Coach Trevor Bayliss admitted Sunday he had a "stern chat" with England's players after they rallied to avoid an embarrassing Test defeat to Ireland. England were bundled out for 85 in the first session of their inaugural Test against Ireland at Lord's bu
Published 29 Jul, 2019 12:00am
Anderson and Broad key to Ashes glory, says Harmison

Anderson and Broad key to Ashes glory, says Harmison

Veteran pacemen James Anderson and Stuart Broad hold the key to England's bid to reclaim the Ashes this summer, according to their former teammate Steve Harmison. Test cricket's oldest battle resumes at Edgbaston on Thursday, with Joe Root's side aiming t
Published 29 Jul, 2019 12:00am
Real Madrid block Bale China move over fee

Real Madrid block Bale China move over fee

Gareth Bale's move to Chinese side Jiangsu Suning collapsed on Sunday after Real Madrid cancelled the proposed deal due to wrangling over the fee, a source told AFP on Sunday. Bale, 30, who has been in the Spanish capital since 2013, was expected to join
Published 29 Jul, 2019 12:00am
Liverpool sign teen record-breaker Harvey Elliott

Liverpool sign teen record-breaker Harvey Elliott

Liverpool have completed the signing of 16-year-old winger Harvey Elliott from Fulham, the European champions announced on Sunday. "To have joined the club that I supported as a boy is a dream come true for me and all of my family and it's an incredible f
Published 29 Jul, 2019 12:00am
Verstappen wins chaotic German Grand Prix

Verstappen wins chaotic German Grand Prix

Max Verstappen took full advantage of his rivals' calamities on Sunday to win an epic, rain-lashed and wildly-spectacular German Grand Prix for Red Bull ahead of Sebastian Vettel of Ferrari. The 21-year-old Dutchman secured his second win of the season an
Published 29 Jul, 2019 12:00am
India threatens Commonwealth Games boycott if shooting scrapped

India threatens Commonwealth Games boycott if shooting scrapped

The Commonwealth Games Federation Sunday pledged to hold talks with India after its Olympic body threatened a boycott of the 2022 event in Birmingham over the exclusion of shooting. India topped the table for shooting at last year's Commonwealth Games in
Published 29 Jul, 2019 12:00am
Basilashvili retains Hamburg title

Basilashvili retains Hamburg title

Georgian Nikoloz Basilashvili retained his title at the Hamburg Open on Sunday when he beat unseeded Russian Andrey Rublev, 7-5, 4-6, 6-3. Basilashvili, who was seeded fourth at the clay-court event, is ranked 16th in the world but will lose points becaus
Published 29 Jul, 2019 12:00am
Sri Lanka seal series against Bangladesh with easy win

Sri Lanka seal series against Bangladesh with easy win

Avishka Fernando hit a quick-fire half-century as Sri Lanka eased to a seven-wicket win over Bangladesh in the second one-day international to seal the three-match series in Colombo on Sunday. Opener Fernando made 82 off 75 balls, helping Sri Lanka reach
Published 29 Jul, 2019 12:00am
Deployment of second Ebola vaccine won't be a quick fix, experts warn

Deployment of second Ebola vaccine won't be a quick fix, experts warn

The resignation of Congo's health minister in the midst of the country's worst Ebola outbreak could clear the way for a second experimental vaccine to be deployed. But the new shot would likely take months to win the trust of frightened locals and show re
Published 29 Jul, 2019 12:00am
Multidrug-resistant malaria spreading in Southeast Asia

Multidrug-resistant malaria spreading in Southeast Asia

Strains of malaria resistant to two key anti-malarial medicines are becoming more dominant in Vietnam, Laos and northern Thailand after spreading rapidly from Cambodia, scientists warned on Monday. Using genomic surveillance to track the spread of drug-re
Published 29 Jul, 2019 12:00am
Maintaining or starting exercise in middle age tied to longer life

Maintaining or starting exercise in middle age tied to longer life

Even if they were inactive during their younger years, middle aged and older adults who get at least the minimum recommended amount of exercise each week may live longer than their sedentary counterparts, suggests a large UK study. Physical activity has l
Published 29 Jul, 2019 12:00am
Shrinking glaciers and rockfalls point to climate change in Alps

Shrinking glaciers and rockfalls point to climate change in Alps

High in the French Alps on the famed Mont Blanc mountain range, it is not hard to find evidence of the toll of global warming. Visitors arriving from the last tramstop before the 4,809-metre summit are forced to take 20 steps more each year to reach the r
Published 29 Jul, 2019 12:00am
Facebook to fix kids app flaw allowing chats with strangers

Facebook to fix kids app flaw allowing chats with strangers

Facebook acknowledged July 23 that a flaw in its Messenger Kids service allowed children get into group chats with people who were not approved by their parents. The leading social network said it has been shutting down the group chats involved and notify
Published 29 Jul, 2019 12:00am
Kitchen disruption: better food through artificial intelligence

Kitchen disruption: better food through artificial intelligence

Looking for that perfect recipe, or a new flavour combination that delights the senses? Increasingly, players in the food industry are embracing artificial intelligence to better understand the dynamics of flavour, aroma and other factors that go into mak
Published 29 Jul, 2019 12:00am
Italy drafts 'no-mobile-phone phobia' law

Italy drafts 'no-mobile-phone phobia' law

Italy's anti-establishment Five Star Movement (M5S) has drafted a law aimed at preventing and treating the rising phenomenon of addiction to mobile phones and computers, particularly among the young. The bill seeks to treat so-called "no-mobile-phone phob
Published 29 Jul, 2019 12:00am
WhatsApp to launch digital payments service in India

WhatsApp to launch digital payments service in India

Messaging giant WhatsApp plans to launch its first payment service this year in India, its biggest market with 400 million users, the company said Friday. The Facebook-owned firm has tested the service with about one million people over the past year. But
Published 29 Jul, 2019 12:00am
Microsoft joins project on ethical artificial intelligence

Microsoft joins project on ethical artificial intelligence

Microsoft on Monday announced a $1 billion investment in an OpenAI ethical artificial intelligence project backed by Tesla's Elon Musk and Amazon. The partnership will be devoted to developing advanced AI models on Microsoft's Azure cloud computing platfo
Published 29 Jul, 2019 12:00am
UniCredit may cut 10,000 jobs under new plan

UniCredit may cut 10,000 jobs under new plan

Italy's biggest bank by assets UniCredit is considering cutting around 10,000 jobs, or 10 percent of its global workforce, as part of a new business plan to be unveiled in December, two sources close to the matter said on Monday. One of the sources said t
Published 29 Jul, 2019 12:00am
SK Hynix warns of chip supply disruption on Japan's export curbs

SK Hynix warns of chip supply disruption on Japan's export curbs

Chipmaker SK Hynix Inc warned on Thursday of a supply disruption due to an escalating trade dispute between South Korea and Japan, and said it would cut investment and production to support a nascent recovery in chip demand. The global memory chip market
Published 29 Jul, 2019 12:00am