News Archives for Print - 2019-08-25

Currency

African currencies week ahead: Ugandan shilling seen up, other African currencies stable

The Ugandan shilling is expected to be firmer next week, as other African currencies hold steady.

Published 25 Aug, 2019 12:00am

Exchange

Wall Street plunges as US-China trade war intensifies

Wall Street tumbled on Friday after the US-China trade war escalated in dramatic fashion, with President Donald Trump demanding that American companies seek alternatives to doing business with China after Beijing announced its own slate of retaliatory mea

Published 25 Aug, 2019 12:00am

Exchange

Brazilian stocks see largest foreign net outflow in 23 years

Foreign investors have pulled 20.3 billion reais ($5 billion) from Brazilian stocks so far this year, B3 SA Bolsa Balcao said in a statement on Tuesday, the largest withdrawal since 1996. Driven by increasing worries over the global economy, the US-China

Published 25 Aug, 2019 12:00am

Trade tensions, growth worries drive Latam assets to 2019 lows

Latin American assets fell on Friday to their lowest levels so far this year, as another escalation in the US-China trade war and worries over Mexico's growth kept investors on the edge. Beijing imposed additional tariffs on thousands of US products effec

Published 25 Aug, 2019 12:00am

China local bond issuance hits $239 billion

China's local governments issued a net 1.69 trillion yuan ($238.5 billion) in special bonds in the first seven months of the year, the finance ministry said on Thursday, accounting for 78.4% of the annual quota.

Published 25 Aug, 2019 12:00am

China local bond issuance hits $239 billion

China's local governments issued a net 1.69 trillion yuan ($238.5 billion) in special bonds in the first seven months of the year, the finance ministry said on Thursday, accounting for 78.4% of the annual quota.

Published 25 Aug, 2019 12:00am

Exchange

First vegan investment fund coming to New York Stock Exchange

An investment fund designed for animal rights advocates and environmentalists, the first of its kind according to financial experts, is set to begin trading on the New York Stock Exchange (NYSE) next month. VEGN, as it will show on the NYSE's floor, enter

Published 25 Aug, 2019 12:00am

Eurozone bond yields fall

Eurozone bond yields dipped on Friday after China introduced retaliatory tariffs on $75 billion of US goods, while Federal Reserve chair Jerome Powell gave few clues about whether the central bank will cut interest rates at its next meeting or not.

Published 25 Aug, 2019 12:00am

Eurozone bond yields fall

Eurozone bond yields dipped on Friday after China introduced retaliatory tariffs on $75 billion of US goods, while Federal Reserve chair Jerome Powell gave few clues about whether the central bank will cut interest rates at its next meeting or not.

Published 25 Aug, 2019 12:00am

Canadian canola futures higher

ICE Canadian canola futures ended unchanged in the nearby contract and slightly higher for the deferred contracts on Thursday, underpinned by modest technical and crusher buying. Strong margins prompted crushers to buy canola for delivery in January and M

Published 25 Aug, 2019 12:00am

CBOT soyabean futures down on technical selling

Chicago Board of Trade soyabean futures closed lower on Thursday, retreating from early advances on technical selling and reports of improving crop prospects on the final day of an annual US crop tour, traders said. CBOT November soyabeans settled down

Published 25 Aug, 2019 12:00am

CBOT wheat futures higher

Chicago Board of Trade wheat futures settled higher on Thursday on technical buying and better-than-expected weekly US export data, traders said. The US Department of Agriculture said export sales in the week to August 15 included 594,600 tonnes of 2019/2

Published 25 Aug, 2019 12:00am

Cotton

Forecast of more rains pushes cotton prices higher

Forecast of more rains in both Sindh and Punjab pushed the rates further higher on the cotton market on Saturday in the process of trading activity, dealers said. The official spot rate was unchanged at Rs 8000, they added. In ready session, over 7000 bal

Published 25 Aug, 2019 12:00am

French 2019 soft wheat crop to be 2nd largest in history

Farmers in France, the European Union's largest grain producer, will harvest their second largest soft wheat crop in history this year at 39.17 million tonnes, as a record-breaking heatwave failed to hurt yields, consultancy Agritel said on Tuesday. That

Published 25 Aug, 2019 12:00am

Cotton

India's summer crop acreage down 2.3 percent

Indian farmers have planted summer-sown crops on 97.5 million hectares, down 2.3 percent year-on-year, agriculture ministry data showed on Friday, substantially narrowing the sowing gap compared with last year from previous weeks.

Published 25 Aug, 2019 12:00am

Currency

VTB asks for Putin's help to create Russian grain champion

Russian state-controlled bank VTB has asked President Vladimir Putin to help it create a Russian grain champion to curb the role of foreign traders and give the state greater control over exports, a letter seen by Reuters shows.

Published 25 Aug, 2019 12:00am

App looks to get tips from coffee drinkers to Colombia growers

An app that sends money in the form of tips from appreciative caffeine devotees around the world to coffee growers in Colombia could help farmers battered by dismal prices earn more income, the initiative's founder said. Many growers in the Andean country

Published 25 Aug, 2019 12:00am

Root revives England's Ashes hopes in third Test

England captain Joe Root restored a measure of batting pride for his side with an unbeaten 75 in the third Test at Headingley as Australia were denied an Ashes-clinching win inside three days on Saturday.

Published 25 Aug, 2019 12:00am

Workshops for umpires, match referees start

The Pakistan Cricket Board (PCB) is organizing the 2019 edition of the annual workshops for umpires and match referees in Lahore, Rawalpindi and Karachi.

Published 25 Aug, 2019 12:00am

Latham ton drives NZ's reply

A sparkling century by Tom Latham powered New Zealand's first innings reply after Sri Lanka posted 244 on day three of the rain-hit second Test in Colombo on Saturday.

Published 25 Aug, 2019 12:00am

Komal wins Kashmir Solidarity Squash title

Top seeded and current Pakistan No. 1 in the Under-19 category Komal Khan of Pakistan Wapda recorded one sided victory against her rival Nimra Aqeel in the final of the Kashmir Solidarity Women Squash Championship played here at PAF Hashim Khan Squash Com

Published 25 Aug, 2019 12:00am

Cummins grabs place in record books with 95-minute duck

West Indies tailender Miguel Cummins booked an unwanted place in cricket's record books on Saturday when he faced 45 deliveries and spent 95 minutes at the crease without scoring a run before he was dismissed on the third day of the first Test against Ind

Published 25 Aug, 2019 12:00am

More penalty woe for United, Lampard off the mark

Manchester United suffered more woe from the penalty spot as they went down to a shock home defeat to Crystal Palace on an eventful Premier League Saturday which saw Frank Lampard celebrate his first win as Chelsea manager.

Published 25 Aug, 2019 12:00am

Salah shines

Liverpool extended their perfect start to the Premier League season as Mohamed Salah inspired an impressive 3-1 win over Arsenal, while Manchester United suffered fresh penalty woe through Marcus Rashford in their shock home defeat against Crystal Palace

Published 25 Aug, 2019 12:00am

Aaj TV - Sunday's schedule

All timings are in PST (Pakistan Standard Time).

Published 25 Aug, 2019 12:00am

Currency

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Saturday (August 24, 2019).

Published 25 Aug, 2019 12:00am

Currency

THE RUPEE: rates firm

The rupee held the overnight levels against the dollar on the money market on Saturday in the process of trading, dealers said. The rupee held the overnight levels in relation to the dollar for buying and selling at Rs 157.30 and Rs 157.80 respectively, d

Published 25 Aug, 2019 12:00am

Currency

THE RUPEE: rates firm

The rupee held the overnight levels against the dollar on the money market on Saturday in the process of trading, dealers said. The rupee held the overnight levels in relation to the dollar for buying and selling at Rs 157.30 and Rs 157.80 respectively, d

Published 25 Aug, 2019 12:00am

Kerb

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Saturday (August 24, 2019).

Published 25 Aug, 2019 12:00am

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (August 24, 2019).

Published 25 Aug, 2019 12:00am

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (August 24, 2019).

Published 25 Aug, 2019 12:00am

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (August 24, 2019).

Published 25 Aug, 2019 12:00am

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (August 24, 2019).

Published 25 Aug, 2019 12:00am

Lahore Paper Market Rates

Paper market rates in rupees on Saturday (August 24, 2019).

Published 25 Aug, 2019 12:00am

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (August 24, 2019)

Published 25 Aug, 2019 12:00am

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (August 24, 2019).

Published 25 Aug, 2019 12:00am

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (August 24, 2019).

Published 25 Aug, 2019 12:00am

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (August 24, 2019).

Published 25 Aug, 2019 12:00am

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (August 24, 2019).

Published 25 Aug, 2019 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (August 24, 2019).

Published 25 Aug, 2019 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (August 24, 2019).

Published 25 Aug, 2019 12:00am

The Weather

The weather report on Saturday (August 24, 2019) and the forecast for Sunday (August 25, 2019).

Published 25 Aug, 2019 12:00am

Shahid Yousaf appointed MD-CE of Pakistan LNG

Pakistan LNG (PLL) has replaced its top manager with immediate effect, appointing Shahid Yousaf as managing director and chief executive, the state-owned operator said on Saturday without giving a reason for the change. Former Chief Executive Adnan Gilani

Published 25 Aug, 2019 12:00am

Shahid Yousaf appointed MD-CE of Pakistan LNG

Pakistan LNG (PLL) has replaced its top manager with immediate effect, appointing Shahid Yousaf as managing director and chief executive, the state-owned operator said on Saturday without giving a reason for the change. Former Chief Executive Adnan Gilani

Published 25 Aug, 2019 12:00am

Thousands join anti-G7 march

French police used tear gas and water cannon to break up anti-G7 protesters in the southern city of Bayonne on Saturday, as leaders from the world's leading industrialised nations arrived for their summit just a few kilometres away in Biarritz. Since Mond

Published 25 Aug, 2019 12:00am

Thousands join anti-G7 march

French police used tear gas and water cannon to break up anti-G7 protesters in the southern city of Bayonne on Saturday, as leaders from the world's leading industrialised nations arrived for their summit just a few kilometres away in Biarritz. Since Mond

Published 25 Aug, 2019 12:00am

Exchange

Trump, EU clash over trade

US President Donald Trump and EU leaders exchanged trade war threats Saturday as they arrived in France for a G7 summit of wealthy democracies overshadowed by trans-Atlantic tensions before it had even begun. "Trade wars will lead to recession, while trad

Published 25 Aug, 2019 12:00am

Exchange

Trump, EU clash over trade

US President Donald Trump and EU leaders exchanged trade war threats Saturday as they arrived in France for a G7 summit of wealthy democracies overshadowed by trans-Atlantic tensions before it had even begun. "Trade wars will lead to recession, while trad

Published 25 Aug, 2019 12:00am

China hits out at 'bullying' US over new tariffs

China on Saturday angrily hit out at the latest US tariff hikes on its goods, saying a "bullying" Washington would eventually "eat its own bitter fruit". European leaders have also warned US President Donald Trump of the dangers of trade skirmishes with C

Published 25 Aug, 2019 12:00am

China hits out at 'bullying' US over new tariffs

China on Saturday angrily hit out at the latest US tariff hikes on its goods, saying a "bullying" Washington would eventually "eat its own bitter fruit". European leaders have also warned US President Donald Trump of the dangers of trade skirmishes with C

Published 25 Aug, 2019 12:00am

Johnson 'very worried' about trade tensions, tariff hikes

British Prime Minister Boris Johnson said Saturday that he was "very concerned" about the trade tensions between the US and China, saying their tit-for-tat tariff hikes were harmful for the global economy. "I'm very worried about the way it's going, the g

Published 25 Aug, 2019 12:00am

Johnson 'very worried' about trade tensions, tariff hikes

British Prime Minister Boris Johnson said Saturday that he was "very concerned" about the trade tensions between the US and China, saying their tit-for-tat tariff hikes were harmful for the global economy. "I'm very worried about the way it's going, the g

Published 25 Aug, 2019 12:00am

Qureshi urges UN chief to visit AJ&K, IOK

Foreign Minister Shah Mehmood Qureshi Saturday urged the world community to take cognizance of the grave situation in Indian occupied Jammu and Kashmir without any further loss of time. Speaking at a news conference to apprise the media about his telephon

Published 25 Aug, 2019 12:00am

Qureshi urges UN chief to visit AJ&K, IOK

Foreign Minister Shah Mehmood Qureshi Saturday urged the world community to take cognizance of the grave situation in Indian occupied Jammu and Kashmir without any further loss of time. Speaking at a news conference to apprise the media about his telephon

Published 25 Aug, 2019 12:00am

Rahul, others sent back from Srinagar airport

Congress leader Rahul Gandhi and 11 leaders of other opposition parties who landed Saturday at Srinagar airport were sent back to Delhi. Among the parties that were part of the opposition's all-party delegation that landed at Srinagar were Congress, CPI(M

Published 25 Aug, 2019 12:00am

Rahul, others sent back from Srinagar airport

Congress leader Rahul Gandhi and 11 leaders of other opposition parties who landed Saturday at Srinagar airport were sent back to Delhi. Among the parties that were part of the opposition's all-party delegation that landed at Srinagar were Congress, CPI(M

Published 25 Aug, 2019 12:00am

CoAS speaks to formation officers, troops at Gilgit

Chief of the Army Staff (CoAS) General Qamar Javed Bajwa on Saturday said the Pakistan Army was fully prepared to thwart any Indian misadventure and aggression. "We are alive to threat from Eastern Border linked to ongoing situation in Indian Occupied Jam

Published 25 Aug, 2019 12:00am

CoAS speaks to formation officers, troops at Gilgit

Chief of the Army Staff (CoAS) General Qamar Javed Bajwa on Saturday said the Pakistan Army was fully prepared to thwart any Indian misadventure and aggression. "We are alive to threat from Eastern Border linked to ongoing situation in Indian Occupied Jam

Published 25 Aug, 2019 12:00am

US, Taliban resume push for peace at Doha talks

The US and the Taliban met in Doha on Saturday, an American source close to the negotiations said, resuming potentially decisive talks to allow Washington to drawdown militarily in Afghanistan. "Talks resumed this afternoon," the US source said. The secon

Published 25 Aug, 2019 12:00am

US, Taliban resume push for peace at Doha talks

The US and the Taliban met in Doha on Saturday, an American source close to the negotiations said, resuming potentially decisive talks to allow Washington to drawdown militarily in Afghanistan. "Talks resumed this afternoon," the US source said. The secon

Published 25 Aug, 2019 12:00am

Government releases Rs 15.42 billion for new, ongoing projects under PSDP

The federal government has released Rs 15.42 billion (2.2 percent) for various ongoing and new development projects under Public Sector Development Programme (PSDP) 2019-20 against the total budgeted allocation of Rs 701 billion. The government released R

Published 25 Aug, 2019 12:00am

Government releases Rs 15.42 billion for new, ongoing projects under PSDP

The federal government has released Rs 15.42 billion (2.2 percent) for various ongoing and new development projects under Public Sector Development Programme (PSDP) 2019-20 against the total budgeted allocation of Rs 701 billion. The government released R

Published 25 Aug, 2019 12:00am

Recovery through sale of mortgaged property: no fresh notice needed for commencement of execution proceedings: SC

The Supreme Court has upheld that under Section 19(1) of the Financial Institutions (Recovery of Finances) Ordinance 2001, no fresh notice is required for commencement of execution proceedings to sell mortgaged property in case of non-payment of availed f

Published 25 Aug, 2019 12:00am

Recovery through sale of mortgaged property: no fresh notice needed for commencement of execution proceedings: SC

The Supreme Court has upheld that under Section 19(1) of the Financial Institutions (Recovery of Finances) Ordinance 2001, no fresh notice is required for commencement of execution proceedings to sell mortgaged property in case of non-payment of availed f

Published 25 Aug, 2019 12:00am

Economic road map discussed

The government is in the process of preparing a road map to increase economic activity and to provide relief to the common man and increase economic activities for job creation. This was stated by Advisor to Prime Minister on Finance Dr Abdul Hafeez Shaik

Published 25 Aug, 2019 12:00am

Economic road map discussed

The government is in the process of preparing a road map to increase economic activity and to provide relief to the common man and increase economic activities for job creation. This was stated by Advisor to Prime Minister on Finance Dr Abdul Hafeez Shaik

Published 25 Aug, 2019 12:00am

Third Schedule items: Budgetary changes create serious problems for taxpayers

Taxpayers are facing serious technical and legal difficulties in payment of sales tax after budgetary changes (2019-20) for Third Schedule items and payment of minimum value addition sales tax by commercial importers. Talking to Business Recorder, Arshad

Published 25 Aug, 2019 12:00am

Third Schedule items: Budgetary changes create serious problems for taxpayers

Taxpayers are facing serious technical and legal difficulties in payment of sales tax after budgetary changes (2019-20) for Third Schedule items and payment of minimum value addition sales tax by commercial importers. Talking to Business Recorder, Arshad

Published 25 Aug, 2019 12:00am

Exchange

Transfer pricing: DGIT starts analysing potential cases of MNCs

The Directorate General of International Taxes of the Federal Board of Revenue (FBR) has started analysing a few potential multinational companies' cases of transfer pricing where companies are directly involved in shifting their profits outside the count

Published 25 Aug, 2019 12:00am

Exchange

Transfer pricing: DGIT starts analysing potential cases of MNCs

The Directorate General of International Taxes of the Federal Board of Revenue (FBR) has started analysing a few potential multinational companies' cases of transfer pricing where companies are directly involved in shifting their profits outside the count

Published 25 Aug, 2019 12:00am

Government seeks to enhance energy cooperation with Iran

Power Minister Omar Ayub Khan has said that his country is looking forward to enhancing energy cooperation with Iran. The minister made the remarks in a meeting with Ambassador of Iran to Pakistan Mehdi Honardoost here. Omar Ayub Khan reiterated to furthe

Published 25 Aug, 2019 12:00am

Government seeks to enhance energy cooperation with Iran

Power Minister Omar Ayub Khan has said that his country is looking forward to enhancing energy cooperation with Iran. The minister made the remarks in a meeting with Ambassador of Iran to Pakistan Mehdi Honardoost here. Omar Ayub Khan reiterated to furthe

Published 25 Aug, 2019 12:00am

Pakistan, China begin joint exercise 'Shaheen-VIII'

The eighth annual joint exercise of Pakistan and Chinese Air forces, 'Shaheen-VIII', has started at northwest China. According to Chinese media reports, the joint training aims to improve training standards of the two air forces through mutual learning. I

Published 25 Aug, 2019 12:00am

Pakistan, China begin joint exercise 'Shaheen-VIII'

The eighth annual joint exercise of Pakistan and Chinese Air forces, 'Shaheen-VIII', has started at northwest China. According to Chinese media reports, the joint training aims to improve training standards of the two air forces through mutual learning. I

Published 25 Aug, 2019 12:00am

Exchange

Economic managers urged to find out of box solution: Export sector needs revamping: Tarin

Former Finance Minister Shaukat Tarin has urged the government's economic team to think outside the box in terms of raising exports as they are unlikely to rise due to rupee depreciation alone, adding that the export sector requires revamping. Speaking at

Published 25 Aug, 2019 12:00am

Exchange

Economic managers urged to find out of box solution: Export sector needs revamping: Tarin

Former Finance Minister Shaukat Tarin has urged the government's economic team to think outside the box in terms of raising exports as they are unlikely to rise due to rupee depreciation alone, adding that the export sector requires revamping. Speaking at

Published 25 Aug, 2019 12:00am

Chairman NAB orders inquiry against Atif Zaman

Justice Javed Iqbal (retd), Chairman National Accountability Bureau (NAB), has directed director general NAB Karachi to conduct an inquiry against Atif Zaman who has allegedly looted billions of rupees from TV anchorperson Mureed Abbas, his friend Khizar

Published 25 Aug, 2019 12:00am

Chairman NAB orders inquiry against Atif Zaman

Justice Javed Iqbal (retd), Chairman National Accountability Bureau (NAB), has directed director general NAB Karachi to conduct an inquiry against Atif Zaman who has allegedly looted billions of rupees from TV anchorperson Mureed Abbas, his friend Khizar

Published 25 Aug, 2019 12:00am

US, SE Asia to hold first-ever joint maritime drill

The US and 10 Southeast Asian states will hold their first-ever joint maritime exercises in September, aimed at preventing "wrongdoing" as Washington and Beijing jostle for influence in the region. Washington has traditionally been the dominant naval powe

Published 25 Aug, 2019 12:00am

'Forward bloc' in Sindh in the making?

Recent involvement of federal ministers in operation clean-up Karachi and hostile statements from MQM-P, an ally of Pakistan Tehreek-e-Insaf (PTI) against the provincial government of Sindh, have sparked speculation about the possibility of a forward bloc

Published 25 Aug, 2019 12:00am

Projects funded by China going to meet completion deadlines

Road projects under the China-Pakistan Economic Corridor (CPEC) framework -particularly the western route-are behind the completion schedule deadline due to short releases of funds, which may escalate its cost. This was revealed by senior officials at the

Published 25 Aug, 2019 12:00am

Projects funded by China going to meet completion deadlines

Road projects under the China-Pakistan Economic Corridor (CPEC) framework -particularly the western route-are behind the completion schedule deadline due to short releases of funds, which may escalate its cost. This was revealed by senior officials at the

Published 25 Aug, 2019 12:00am

Lawyers' convention expresses concern over references against judges

All Pakistan Lawyers Convention on Saturday expressed its concern over the references filed against Justice Faez Isa and Justice K K Agha and in Supreme Judicial Council (SJC). A resolution unanimously adopted by All Pakistan Lawyers Convention, which was

Published 25 Aug, 2019 12:00am

Lawyers' convention expresses concern over references against judges

All Pakistan Lawyers Convention on Saturday expressed its concern over the references filed against Justice Faez Isa and Justice K K Agha and in Supreme Judicial Council (SJC). A resolution unanimously adopted by All Pakistan Lawyers Convention, which was

Published 25 Aug, 2019 12:00am

Arun Jaitley dies at 66

Former Indian finance minister Arun Jaitley, a key ally of Prime Minister Narendra Modi, died in hospital in New Delhi on Saturday aged 66, the government said. Serving from 2014 until elections earlier this year, Jaitley oversaw the sudden withdrawal of

Published 25 Aug, 2019 12:00am

Arun Jaitley dies at 66

Former Indian finance minister Arun Jaitley, a key ally of Prime Minister Narendra Modi, died in hospital in New Delhi on Saturday aged 66, the government said. Serving from 2014 until elections earlier this year, Jaitley oversaw the sudden withdrawal of

Published 25 Aug, 2019 12:00am

UAE gives Modi its top civilian award

The United Arab Emirates (UAE) conferred its highest civilian honour on Indian Prime Minister Narendra Modi on Saturday, as a human rights crisis brews in occupied Kashmir with the Indian government continuing its clampdown in the disputed territory. Imag

Published 25 Aug, 2019 12:00am

UAE gives Modi its top civilian award

The United Arab Emirates (UAE) conferred its highest civilian honour on Indian Prime Minister Narendra Modi on Saturday, as a human rights crisis brews in occupied Kashmir with the Indian government continuing its clampdown in the disputed territory. Imag

Published 25 Aug, 2019 12:00am

Fires in the Amazon

The Amazon Basin rainforests, which produce 20 percent of our planet's oxygen, are on fire, threatening to nullify whatever little progress has been made over the recent years to check global warming. Nearly 73,000 forest fires were recorded in first eigh

Updated 26 Aug, 2019 06:19am

Not in the name of family honour

Parents of Qandeel Baloch, a high-profile model who was strangulated to death in the name of family honour by her two brothers, had asked a Multan trial court hearing the case for the acquittal of their sons, saying they had pardoned them. Unsurprisingly,

Updated 26 Aug, 2019 06:49am

Reducing micro Frictions

Recently, this writer attended a talk by Asim Khawaja where he raised a point that micro level frictions are hindering our economic progression. Next day he read an opinion piece by Faisal Bari, a noted economist, in which poor contract enforcement - a mi

Published 25 Aug, 2019 12:00am

Exchange

Isolated Trump descends on G7, talking trade war

An isolated President Donald Trump arrived Saturday for the G7 summit in Biarritz bearing threats of tariffs against host France and a decision to deepen his trade war with China, despite fears of US or even global recession. Trump dislikes the kind of mu

Published 25 Aug, 2019 12:00am

Tourism hotspot Barcelona alarmed by crime surge

A surge in muggings and burglaries in Barcelona, mainly targeting tourists, has sparked alarm in Spain's second-largest city, leading local residents to form their own crime-fighting patrols. The US consulate in Barcelona on Wednesday warned its nationals

Published 25 Aug, 2019 12:00am

Cloud gaming faces challenges as Google prepares launch

Urging fans to plunge into a virtual high-res surround sound universe of extraordinary games, Google hopes its cloud-based Stadia platform will take the world by storm on its November launch. The US digital behemoth unveiled details of its nascent streami

Published 25 Aug, 2019 12:00am

Kashmir under siege

Nothing is working for shameless Narendra Modi government in New Delhi to stop protests by the inmates of the largest prison on earth: occupied Kashmir. Protests have broken out in parts of occupied Srinagar over the last two weeks, some drawing hundreds

Published 25 Aug, 2019 12:00am

AGTL opposes imposition of MVA ST

Local tractor industry has urged the Federal Government not to impose Minimum Value Addition Sales Tax (MVA) as it will increase the input cost and will negatively impact the consumers. In a meeting, Executive Director and CFO of AI-Ghazi Tractors Limited

Published 25 Aug, 2019 12:00am

Appointment of ECP members: Swati terms CEC's refusal to administer oath 'unfortunate'

The Minister for Parliamentary Affairs Azam Khan Swati on Saturday termed the Chief Election Commissioner's (CEC) decision regarding refusal to administer oath to the members as unfortunate, saying his stance and its implications were being deliberated up

Published 25 Aug, 2019 12:00am

KP government to highlight its one-year achievements

The PTI government in Khyber Pakhtunkhwa has decided to present success achieved by it during the period of last one year in the province. For the purpose, a one-day event will be organised in the province. Under the programme, the provincial government b

Published 25 Aug, 2019 12:00am

German Navy P3C aircraft visits Mehran Air Base

German Navy P3C (Long Range Maritime Patrol) aircraft's visit to Naval Air Base PNS MEHRAN has concluded. This goodwill visit by the German Navy aircraft is a manifestation of good bilateral relations and a desire to find new vistas to further strengthen

Published 25 Aug, 2019 12:00am

Drive against dengue begins in Tharparkar

The District Health Officer Tharparkar Dr Irshad Ahmed Memon has informed that on directives of the Deputy Commissioner Tharparkar Dr Shahzad Tahir Thaheem Health Department Tharparkar and Municipal Committees have started aggressive anti-malaria and anti

Published 25 Aug, 2019 12:00am

Currency	Rate
USD PKR Interbank Selling / Mar 25	280.52
USD PKR Interbank Buying / Mar 25	280.27
USD to Japanese Yen / Mar 25	150.54
USD to Swiss Franc / Mar 25	0.88
Pound Sterling to USD / Mar 25	1.29
Euro to USD / Mar 25	1.08
UK LIBOR % / Mar 24	4.96

Stock	Volume
S&P 500 / Mar 24	5,767.57
Nasdaq / Mar 24	18,188.59
Dow Jones / Mar 24	42,583.32
India Sensex / Mar 25	78,073.97
Tokyo Nikkei / Mar 25	37,780.54
Hang Seng / Mar 25	23,413.58
FTSE 100 / Mar 25	8,684.09
Germany DAX 30 / Mar 25	22,926.46
France CAC40 / Mar 25	8,073.56

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 24	17,085
Petrol/Litre / Mar 25	255.63
Crude Oil USD/Barrel / Mar 25	69.03
Gold 10 Grams PKR / Mar 25	272,462
Gold Spot USD/Ounce / Mar 25	3,017.31
Diesel/Litre / Mar 25	258.64
Cotton US¢/pound / Mar 25	65.64

Stock	Price
Mughal Iron & Steel Indus.(R) / Mar 25 Mughal Iron & Steel Industries Limited (R)(MUGHALR2)	2.01 ▲ 1 (99.01%)
Ruby Textile / Mar 25 Ruby Textile Mills Limited(RUBY)	7.01 ▲ 1 (16.64%)
Sec. Inv. Bank / Mar 25 Security Investment Bank Limited(SIBL)	8.99 ▲ 1 (12.52%)
Samba Bank / Mar 25 Samba Bank Limited(SBL)	9 ▲ 0.82 (10.02%)
Leiner Pak Gelat / Mar 25 Leiner Pak Gelatine Limited(LPGL)	100.73 ▲ 9.16 (10%)
Adamjee Life Assur. / Mar 25 Adamjee Life Assurance Company Limited(ALIFE)	25.73 ▲ 2.34 (10%)
United Dist. / Mar 25 United Distributors Pakistan Limited(UDPL)	67.29 ▲ 6.12 (10%)
Crescent Fib. / Mar 25 Crescent Fibres Limited(CFL)	45.70 ▲ 4.14 (9.96%)
Popular Islamic / Mar 25 Popular Islamic Modaraba(PIM)	13.19 ▲ 1.19 (9.92%)
Hussain Industries / Mar 25 Husein Industries Limited(HUSI)	27.30 ▲ 2.43 (9.77%)

Stock	Price
Parmount Sp. / Mar 25 Paramount Spinning Mills Limited(PASM)	3.51 ▼ -0.48 (-12.03%)
Shahtaj Sugar / Mar 25 Shahtaj Sugar Mills Limited(SHJS)	117 ▼ -13 (-10%)
Diamond Ind. / Mar 25 Diamond Industries Limited(DIIL)	27.68 ▼ -3.07 (-9.98%)
Zephyr Textile / Mar 25 Zephyr Textiles Limited(ZTL)	9.50 ▼ -1 (-9.52%)
TPL Life Insur. / Mar 25 TPL Life Insurance Limited(TPLL)	55.02 ▼ -5.74 (-9.45%)
Shahtaj Textile / Mar 25 Shahtaj Textile Limited(STJT)	65.05 ▼ -6.54 (-9.14%)
Sindh Abadgar / Mar 25 Sindh Abadgar's Sugar Mills Limited(SASML)	55 ▼ -5.43 (-8.99%)
Elahi Cot. / Mar 25 Elahi Cotton Mills Limited(ELCM)	138 ▼ -13.03 (-8.63%)
Tri-Star Power / Mar 25 Tri-Star Power Limited(TSPL)	7.24 ▼ -0.66 (-8.35%)
Shield Corp. / Mar 25 Shield Corporation Limited(SCL)	253.90 ▼ -22.98 (-8.3%)

Stock	Volume
Pak Elektron / Mar 25 Pak Elektron Limited(PAEL)	28,623,330 ▲ 0.63
TRG Pak Ltd / Mar 25 TRG Pakistan Limited(TRG)	22,742,574 ▼ -3.59
Cnergyico PK / Mar 25 Cnergyico PK Limited(CNERGY)	19,218,186 ▲ 0.01
Sui South Gas / Mar 25 Sui Southern Gas Company Limited(SSGC)	14,168,002 ▲ 0.18
WorldCall Telecom / Mar 25 Worldcall Telecom Limited(WTL)	11,877,825 ▼ -0.05
Pak Int.Bulk / Mar 25 Pakistan International Bulk Terminal(PIBTL)	11,187,536 ▲ 0.08
Pak Refinery / Mar 25 Pakistan Refinery Limited(PRL)	10,362,407 ▼ -0.12
B.O.Punjab / Mar 25 The Bank of Punjab(BOP)	10,164,053 ▼ -0.21
K-Electric Ltd. / Mar 25 K-Electric Limited(KEL)	10,144,462 ▲ 0
Treet Corp / Mar 25 Treet Corporation Limited(TREET)	8,893,519 ▼ -0.53

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