News Archives for Print - 2019-08-26

Exchange

'Goats for water: a unique story of barter-based start-up'

Fariel Salahuddin has over 10 years of experience in energy finance, project development and energy policy, having worked in Pakistan, Indonesia, Egypt, and MENA region. In 2016, she founded a start-up called UpTrade (Goats for Water) of which she is also

Published 26 Aug, 2019 12:00am

Sanjrani postpones UAE visit in protest

Chairman Senate Sadiq Sanjrani has postponed his official scheduled visit to United Arab Emirates (UAE) in protest against the UAE government's conferring the highest civil award on Indian Prime Minister Narendra Modi.

Published 26 Aug, 2019 12:00am

Naeem contradicts Chan's resignation reports

Special Assistant to the prime minister, Naeem-ul-Haq on Sunday contradicted the media reports as rumours about resignation of Nadeem Afzal Chan, the spokesperson for the prime minister, and replacing him with Fawad Chaudhry.

Published 26 Aug, 2019 12:00am

14-hour around-the-week: FCAG chief hails opening of Torkham border

President of Frontier Customs Agents Group (FCAG) and former senior vice president of Pak-Afghan Joint Chamber of Commerce and Industry, Ziaul Haq Sarhadi welcomed the government decision to keep opening of Torkham border for 14 hours around-the-week. He

Published 26 Aug, 2019 12:00am

KP government agrees to reduce size of EZDMC's BoD

The provincial government of Khyber Pakhtunkhwa has agreed to the proposal to reduce the size of the Board of Directors of Khyber Pakhtunkhwa-Economic Zones Development and Management Committee (KP-EZDMC).

Published 26 Aug, 2019 12:00am

India turns IHK into a hell: Buzdar

Punjab Chief Minister Usman Buzdar has said that India has turned paradise occupied Kashmir valley into a hell for the Kashmiri people. "The Modi government has constrained the freedom of living on the unarmed Kashmiris for the past number of days. The pa

Published 26 Aug, 2019 12:00am

Paris marks 75 years since Liberation with Freedom Parade

Flag-waving Parisians in period costume thronged the streets Sunday as armoured vehicles rumbled through the city in a re-enactment of the liberation of the capital from Nazi Germany 75 years ago. A column of military vehicles entered the city from the so

Published 26 Aug, 2019 12:00am

France rescues 22 migrants heading for Britain

French rescuers saved 22 migrants who found themselves "in difficulty" on the Channel overnight in their bid to get to Britain, French maritime authorities said Sunday. "A semi-rigid vessel with 22 migrants", including a woman and a child, was found to be

Published 26 Aug, 2019 12:00am

Iran blacklists US-based think-tank

Iran has blacklisted US-based think-tank the Foundation for Defense of Democracies and its chief Mark Dubowitz on accusations of being behind "economic terrorism" against the Islamic republic. The Iranian foreign ministry said in a statement issued late S

Published 26 Aug, 2019 12:00am

South Korea begins annual war games

South Korea on Sunday began two days of war games to practise defending disputed islands off its east coast against an unlikely attack from Japan, further stoking tensions between the Asian neighbours. The annual drills come just days after Seoul terminat

Published 26 Aug, 2019 12:00am

Trump 'not happy' after North Korea's Kim oversees latest rocket test

North Korean leader Kim Jong Un supervised the test-firing of a high-tech rocket system, state media reported Sunday, prompting criticism from US President Donald Trump, who said he was "not happy" with the latest launch. Pyongyang fired what appeared to

Published 26 Aug, 2019 12:00am

Iran satirist gets 11 years for US cooperation

An Iranian court has sentenced writer and satirist Kioomars Marzban to 11 years in prison after convicting him of charges including cooperation with the United States, state media reported. The official IRNA news agency said Marzban had "collaborated" wit

Published 26 Aug, 2019 12:00am

Seven dead in midair collision in Mallorca

Seven people including two children were killed in a midair collision between a helicopter and a light aircraft over Spain's Mallorca island on Sunday, authorities said. The two aircraft crashed over the central town of Inca at 1:35 pm (1135 GMT), the reg

Published 26 Aug, 2019 12:00am

Trump backs Johnson, sends mixed signals on China at G7

US President Donald Trump on Sunday backed British Prime Minister Boris Johnson as the "right man" for Brexit and sent mixed signals about his trade war with China at a G7 summit dominated by worries about the global economy. Johnson and Trump were on obv

Published 26 Aug, 2019 12:00am

Nauru president loses seat in election

Nauru's president, a strong supporter of Australia's hardline policy of detaining refugees on the tiny Pacific island nation, has lost his seat in a general election, official results showed Sunday. Voters went to the polls on Saturday and selected two ri

Published 26 Aug, 2019 12:00am

Second Republican joins 2020 race to challenge Trump

A second Republican on Sunday entered the fray to battle Donald Trump for the party's presidential nomination in 2020 - an indication of the simmering dissent and division among GOP faithful. Former Illinois congressman Joe Walsh, 57, threw his hat in the

Published 26 Aug, 2019 12:00am

NASA investigating first crime committed in space

US space agency NASA is investigating what may be the first crime committed in outer space, The New York Times reported Saturday. Astronaut Anne McClain is accused of identity theft and improperly accessing her estranged wife's private financial records w

Published 26 Aug, 2019 12:00am

Brazil's army fights Amazon fires after hundreds more flare up

Brazil on Sunday deployed two C-130 Hercules aircraft to douse fires devouring parts of the Amazon rainforest, as hundreds of new blazes were ignited ahead of nationwide protests over the destruction. Heavy smoke covered the city of Porto Velho in the nor

Published 26 Aug, 2019 12:00am

Wall Street week ahead: Investors look at dollar stores as US recession fears increase

More investors are watching the shares of discount retailers like Dollar General Corp and Dollar Tree Inc, which perform better during economic downturns, in the hopes of gauging changes in consumer behaviour, though higher tariffs may erode the companies

Published 26 Aug, 2019 12:00am

Exchange

Fund investors dip into US stocks

Investors dipped back into the US stock market by adding nearly $3.1 billion to stock and exchange-traded funds that hold domestic equities last week amid increased volatility in benchmark indexes, according to data released Wednesday by the Investment Co

Published 26 Aug, 2019 12:00am

Exchange

Taking aim at rivals, CBOE Europe's closing auction debuts with tiny volume

Europe's latest share trading platform debuted with a whimper this week as just 23,000 euros ($25,460) worth of stock changed hands in Monday's first closing auction, but its parent Chicago-based CBOE said plenty of customers were lining up to use it. Mar

Published 26 Aug, 2019 12:00am

Exchange

Sterling rout not yet over as no-deal Brexit odds jump

Sterling's recent slide is not yet over as the chances Britain and the European Union part ways without a withdrawal deal have jumped again after arch-Brexiteer Boris Johnson took over as prime minister last month, a Reuters poll found. Johnson, who was t

Published 26 Aug, 2019 12:00am

Guggenheim's Minerd warns bond markets are in a 'bubble'

The bond market is in a "bubble," particularly sovereign debt, Guggenheim Partners global chief investment officer Scott Minerd warned on Thursday, and he said that efforts by the Federal Reserve to head off a recession by cutting interest rates will ulti

Published 26 Aug, 2019 12:00am

Guggenheim's Minerd warns bond markets are in a 'bubble'

The bond market is in a "bubble," particularly sovereign debt, Guggenheim Partners global chief investment officer Scott Minerd warned on Thursday, and he said that efforts by the Federal Reserve to head off a recession by cutting interest rates will ulti

Published 26 Aug, 2019 12:00am

US money fund assets hit highest since October 2009

US money market funds amassed their highest level of assets since October 2009 as investors shift cash into low-risk products amid worries about a global economic slowdown and trade tensions, a private report released on Wednesday showed. Taxable money fu

Published 26 Aug, 2019 12:00am

US money fund assets hit highest since October 2009

US money market funds amassed their highest level of assets since October 2009 as investors shift cash into low-risk products amid worries about a global economic slowdown and trade tensions, a private report released on Wednesday showed. Taxable money fu

Published 26 Aug, 2019 12:00am

Napier Port soars on debut as investors toast rare New Zealand listing

Napier Port Holdings, the operator of New Zealand's fourth-largest port by container volume, debuted at a 12% premium to its offer price on Tuesday, as investors scooped up shares in a rare listing on the country's bourse. The country's biggest IPO in at

Published 26 Aug, 2019 12:00am

Napier Port soars on debut as investors toast rare New Zealand listing

Napier Port Holdings, the operator of New Zealand's fourth-largest port by container volume, debuted at a 12% premium to its offer price on Tuesday, as investors scooped up shares in a rare listing on the country's bourse. The country's biggest IPO in at

Published 26 Aug, 2019 12:00am

Exchange

Saudi index drops amid global weakness

Most Middle East markets dropped on Sunday amid thin trading volumes, mirroring a tumble in global stocks last week and weighed down by sliding oil prices. Brent crude futures fell 58 cents on Friday, or 1%, to settle at $59.34 a barrel, while Wall Street

Published 26 Aug, 2019 12:00am

Currency

Japan's love of foreign insurance, a yen headwind, set to wane

Japan's craze for overseas insurance products, driven by a need for better yield than the near-zero ones at home, has been a long-standing headwind for the yen as domestic insurers bought foreign bonds. But demand is likely to cool as the authorities clam

Published 26 Aug, 2019 12:00am

Exchange

Mexican peso at eight-month low

Latin American currencies weakened against the US dollar on Friday after China imposed retaliatory tariffs on US goods, renewing fears of a global slowdown, while the Mexican peso dropped to near 8-month lows on worrying domestic growth data. The peso fel

Published 26 Aug, 2019 12:00am

Japan's biggest asset manager to expand into US market

Japan's biggest asset manager plans to expand into the United States for the first time as part of efforts to win more money from overseas clients, its chief executive told Reuters. Sumitomo Mitsui Trust Asset Management (SMTAM), which manages around $600

Published 26 Aug, 2019 12:00am

Japan's biggest asset manager to expand into US market

Japan's biggest asset manager plans to expand into the United States for the first time as part of efforts to win more money from overseas clients, its chief executive told Reuters. Sumitomo Mitsui Trust Asset Management (SMTAM), which manages around $600

Published 26 Aug, 2019 12:00am

Central bankers face political shocks, and hope to avoid the worst

Global central bank chiefs know their job is to keep the economy out of the ditch. What became clear at the US Federal Reserve's central banking conference in Jackson Hole, Wyoming, over the past couple of days is that not only do other people hold the wh

Published 26 Aug, 2019 12:00am

China to set floor on mortgage rates to curb housing risks

China will set lower limits on mortgage rates, the central bank said on Sunday, in an apparent bid to curb housing risks following its reform to switch to a market-based reference rate. The government has clamped down on speculative investment in the hous

Published 26 Aug, 2019 12:00am

Exchange

China's Sinopec first half profit falls

China Petroleum and Chemical Corp, or Sinopec Corp , reported a 24.7 percent drop in earnings in the first half of 2019 on Sunday, dampened by rapid growth of domestic refining capacity and waning demand for refined products. Sinopec, Asia's largest refin

Published 26 Aug, 2019 12:00am

Exchange

China's Sinopec first half profit falls

China Petroleum and Chemical Corp, or Sinopec Corp , reported a 24.7 percent drop in earnings in the first half of 2019 on Sunday, dampened by rapid growth of domestic refining capacity and waning demand for refined products. Sinopec, Asia's largest refin

Published 26 Aug, 2019 12:00am

China rare earth magnets exports to US rise 26 percent

China's exports of rare earth magnets to the United States rebounded in July from the previous month, customs data showed on Sunday, as concerns linger that Beijing could restrict supply of rare earth products in the Sino-US trade war. Shipments to the Un

Published 26 Aug, 2019 12:00am

CITES votes to ban trade in endangered otters

Over 100 countries voted Sunday to ban the trade in the smooth-coated otter and placing it on the CITES most endangered list. The proposal was adopted by 102 votes in favour, 15 against and 11 abstentions at the Convention on International Trade in Endang

Published 26 Aug, 2019 12:00am

US, Japan agree trade deal 'in principle'

US President Donald Trump and Japan's Prime Minister Shinzo Abe on Sunday announced a deal in principle on a major bilateral trade deal. "It's a very big transaction," Trump said after talks with Abe on the sidelines of the G7 summit in the French resort

Published 26 Aug, 2019 12:00am

Costco bets on international appetite for first Chinese store

The US retail giant Costco is diving into the thorny area of food retail in China with its first store opening this week, but analysts warn it faces a tough ride as it looks to succeed where a series of international retailers have failed. The move also c

Published 26 Aug, 2019 12:00am

German finance minister backs plans for wealth tax

German Finance Minister Olaf Scholz is backing plans for a wealth tax that his Social Democrats (SPD) want to introduce, the online edition of business daily Handelsblatt reported. Leading members of the SPD, junior partners in the ruling coalition, will

Published 26 Aug, 2019 12:00am

Zambia introduces maize price cap to keep it affordable

Zambia has introduced a cap on the price of maize to keep the staple food affordable, sparking protest from commercial farmers who accused the government of bringing back price controls. Agriculture Minister Michael Katambo said on Sunday that millers, st

Published 26 Aug, 2019 12:00am

Currency

In calls and emails, Argentine executives seek jobs abroad to escape crisis

Argentine executives and graduates shocked by President Mauricio Macri's drubbing in elections this month have begun calling and emailing in droves in search of work in Brazil, Chile and Colombia, head hunters and visa advisers told Reuters. Executive sea

Published 26 Aug, 2019 12:00am

Exchange

Alibaba postpones up to $15 billion HK listing amid protests

China's biggest e-commerce company Alibaba Group Holding Ltd has delayed its up to $15 billion listing in Hong Kong amid growing political unrest in the Asian financial hub, two people with knowledge of the matter told Reuters. Alibaba's Hong Kong-listing

Published 26 Aug, 2019 12:00am

Humbled Deutsche Bank faces battle in its own backyard

Online retailer Zalando is just the kind of fast-growing German business with foreign expansion plans that Deutsche Bank Chief Executive Christian Sewing needs to help drive the struggling lender's recovery. In an attempt to draw a line under years of sca

Published 26 Aug, 2019 12:00am

Ford names new president for China joint venture to deepen alliance

Ford Motor Co on Thursday named Steven Armstrong president of the Changan Ford joint venture in China to deepen the alliance and push for more models, as the US carmaker tries to stem a decline in sales in the world's second largest economy. Sales of the

Published 26 Aug, 2019 12:00am

Ford names new president for China joint venture to deepen alliance

Ford Motor Co on Thursday named Steven Armstrong president of the Changan Ford joint venture in China to deepen the alliance and push for more models, as the US carmaker tries to stem a decline in sales in the world's second largest economy. Sales of the

Published 26 Aug, 2019 12:00am

GE ranks among riskiest long-term care insurers: Fitch

General Electric Co ranks among the riskiest backers of long-term care insurance, suffering from both high exposure to claims and a relatively small cash pile to pay them, Fitch Ratings said in a report on Tuesday. The Fitch report, which the credit ratin

Published 26 Aug, 2019 12:00am

GE ranks among riskiest long-term care insurers: Fitch

General Electric Co ranks among the riskiest backers of long-term care insurance, suffering from both high exposure to claims and a relatively small cash pile to pay them, Fitch Ratings said in a report on Tuesday. The Fitch report, which the credit ratin

Published 26 Aug, 2019 12:00am

AirAsia X posts Q2 loss, largest since 2015

Malaysian long-haul budget airline AirAsia X Bhd reported a 260% increase in its quarterly net loss on Thursday, its largest since 2015, due to aircraft disposal and a weak ringgit. The airline said in a bourse statement the loss from disposal of three ai

Published 26 Aug, 2019 12:00am

AirAsia X posts Q2 loss, largest since 2015

Malaysian long-haul budget airline AirAsia X Bhd reported a 260% increase in its quarterly net loss on Thursday, its largest since 2015, due to aircraft disposal and a weak ringgit. The airline said in a bourse statement the loss from disposal of three ai

Published 26 Aug, 2019 12:00am

Xiaomi misses estimates as competition hots up at home

China's Xiaomi Corp reported 15% growth in quarterly revenue on Tuesday, missing estimates, as fewer people bought smartphones at home and rival Huawei grabbed market share. The company is weathering a bleak domestic smartphone market as economic growth i

Published 26 Aug, 2019 12:00am

Xiaomi misses estimates as competition hots up at home

China's Xiaomi Corp reported 15% growth in quarterly revenue on Tuesday, missing estimates, as fewer people bought smartphones at home and rival Huawei grabbed market share. The company is weathering a bleak domestic smartphone market as economic growth i

Published 26 Aug, 2019 12:00am

Rosneft Q2 net profit down 15 percent on tainted oil crisis

Russia's largest oil producer Rosneft posted on Wednesday a 15 percent fall in second quarter net profit hit by lower prices and weak oil production due to a domestic crude contamination crisis. Rosneft, which accounts for over 40 percent of oil productio

Published 26 Aug, 2019 12:00am

Rosneft Q2 net profit down 15 percent on tainted oil crisis

Russia's largest oil producer Rosneft posted on Wednesday a 15 percent fall in second quarter net profit hit by lower prices and weak oil production due to a domestic crude contamination crisis. Rosneft, which accounts for over 40 percent of oil productio

Published 26 Aug, 2019 12:00am

BNP Paribas to cut 500 jobs at securities services arm in France

BNP Paribas plans to cut around 500 jobs at its securities services arm in France, a union representative said on Thursday, as the bank seeks to reduce costs and retain competitiveness. France's biggest bank said all job cuts at BNP Paribas Securities Ser

Published 26 Aug, 2019 12:00am

Bayer sells Animal Health unit for $7.6 billion

German chemical and pharmaceutical group Bayer said on Tuesday it was selling its Animal Health business unit to US-based drug firm Elanco for $7.6 billion to create an industry giant. Bayer said in a statement that the sale, aimed at sharpening the compa

Published 26 Aug, 2019 12:00am

Bayer sells Animal Health unit for $7.6 billion

German chemical and pharmaceutical group Bayer said on Tuesday it was selling its Animal Health business unit to US-based drug firm Elanco for $7.6 billion to create an industry giant. Bayer said in a statement that the sale, aimed at sharpening the compa

Published 26 Aug, 2019 12:00am

Osram to clear way for AMS takeover offer

Osram is likely on Wednesday to waive an agreement that currently prevents AMS from making a takeover bid for the German lighting group, paving the way for AMS to take on an offer from private equity investors, sources told Reuters. Osram shares, which ha

Published 26 Aug, 2019 12:00am

Osram to clear way for AMS takeover offer

Osram is likely on Wednesday to waive an agreement that currently prevents AMS from making a takeover bid for the German lighting group, paving the way for AMS to take on an offer from private equity investors, sources told Reuters. Osram shares, which ha

Published 26 Aug, 2019 12:00am

Kerb

Facebook plans hiring of journalists to manage new News Tab

Facebook on August 20 confirmed plans for a News Tab that will be edited by seasoned journalists, in a departure from its longstanding practice of letting algorithms dictate a user's experience. A human team will select relevant, reliable breaking and top

Published 26 Aug, 2019 12:00am

Industry guidance touts untested technology as climate fix

Draft guidelines for how industry fights climate change promote the widespread use of untested technologies that experts fear could undermine efforts to slash planet-warming greenhouse gas emissions, AFP can reveal. The guidance appears to encourage high-

Published 26 Aug, 2019 12:00am

Kerb

WhatsApp in talks to launch mobile payments in Indonesia

Facebook Inc's messaging service WhatsApp is in talks with multiple Indonesian digital payment firms to offer their mobile transaction services, in a bid to tap the nation's fast growing e-commerce sector, people familiar with the matter said. Indonesia c

Published 26 Aug, 2019 12:00am

Singapore to trial driverless buses booked with app

Singapore will next week begin a public trial of driverless buses that can be booked with an app, part of ambitions to roll out autonomous vehicles across the city-state. Well-organised and high-tech, Singapore has become a test-bed for self-driving vehic

Published 26 Aug, 2019 12:00am

Smartphones may be as good as it gets for Xiaomi

Smartphones may be as good as it gets for Xiaomi. Revenue at the $32 billion Chinese group's handset unit grew a tad in the most recent quarter despite shrinking global demand for mobile devices. But a push into internet services has been disappointing: B

Published 26 Aug, 2019 12:00am

Heatwaves, heavy rain predicted to last longer with climate change

Countries in the northern hemisphere can expect longer summer heatwaves, as well as more consecutive days of heavy rain with harmful consequences, if internationally agreed goals to limit global warming are exceeded, scientists warned on Monday. A study p

Published 26 Aug, 2019 12:00am

How mosquitoes pose a threat to half of the world's population?

A warmer climate, travel and trade are helping to spread mosquito-borne diseases as a deadly beast smaller than a paper clip poses a threat to more than half the world's population. World Mosquito Day on Tuesday commemorated the discovery in 1897 by Briti

Published 26 Aug, 2019 12:00am

Five things to know about the Amazon

The Amazon is the largest tropical forest in the world, covering 5.5 million square kilometers (2.1 million square miles), an ecological treasure threatened by escalating deforestation and forest fires. The Amazon basin, spanning 7.4 million square kilome

Updated 26 Aug, 2019 11:13am

Pollution-free hydrogen: green energy breakthrough?

Scientists said on Tuesday they have developed a way of extracting hydrogen from oil without releasing greenhouse gases - a breakthrough they hailed as a "silver bullet" for cleaner energy and the climate. Unlike petrol and diesel, hydrogen produces no po

Published 26 Aug, 2019 12:00am

Stokes stunning century sees England to one-wicket win in Ashes thriller

Ben Stokes was the hero yet again as his incredible unbeaten century saw England to a thrilling one-wicket win in the third Ashes Test at Headingley on Sunday. England - all out for a woeful 67 in their first innings - were 286-9, still needing 73 more ru

Published 26 Aug, 2019 12:00am

Rins pips Marquez on line for British MotoGP victory

Alex Rins won the British MotoGP in dramatic fashion as he beat world champion Marc Marquez to the finish line by 0.013 seconds at Silverstone on Sunday. Rins' sensational finish earned the Suzuki rider a second victory of the season, but Honda's Marquez

Published 26 Aug, 2019 12:00am

Aguero reaches 400 goals in City stroll, Newcastle stun Spurs

Sergio Aguero reached 400 career goals as the Manchester City striker inspired the champions' 3-1 win at Bournemouth, while Tottenham suffered a shock defeat against Newcastle on Sunday. With Premier League leaders Liverpool off to a perfect start with th

Published 26 Aug, 2019 12:00am

Bumrah, Sharma send West Indies crashing to 15-5, chasing 419 to win

Jasprit Bumrah and Ishant Sharma sent West Indies crashing to 15 for five at tea after Indian captain Virat Kohli declared his team's second innings to set the home side an improbable victory target of 419 on the fourth day of the first Test at the Sir Vi

Published 26 Aug, 2019 12:00am

World's top wrestlers to vie in Ring of Pakistan event in Islamabad

The top most international wrestlers coming to Islamabad to compete in the three-day Ring of Pakistan International Wrestling Contests starting from Monday. The arrival of foreign wrestlers has already been starting reaching Islamabad for the three-day co

Published 26 Aug, 2019 12:00am

Iran to let women attend football World Cup qualifier

Women fans will be allowed into the stadium for Iran's next football World Cup qualifier in October, a sports ministry official said Sunday, ahead of a deadline to allow their attendance. FIFA has been stepping up pressure on Iran to ensure women are allo

Published 26 Aug, 2019 12:00am

Tokyo tests athlete transport ahead of 2020 Olympics

Less than a year before the opening of the Tokyo 2020 Olympics, organisers on Sunday tested shuttling thousands of athletes around the mega-city in a bid to gauge the effect of the Games on traffic. Over 11,000 athletes are due to participate the Summer G

Published 26 Aug, 2019 12:00am

Watling, De Grandhomme put NZ ahead

Contrasting half-centuries from B.J. Watling and Colin de Grandhomme helped New Zealand lead by 138 runs in their first innings against Sri Lanka on day four of the rain-hit second Test on Sunday. Only 48 of the scheduled 98 overs were possible as New Zea

Published 26 Aug, 2019 12:00am

Serena-Sharapova showdown seizes sportlight at US Open

Serena Williams faces Maria Sharapova in a blockbuster first-round match Monday at the US Open, the feature showdown on the first day of the year's final Grand Slam tennis event. Eighth-ranked Williams, who lost to Naomi Osaka in last year's US Open final

Published 26 Aug, 2019 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 26 Aug, 2019 12:00am

Exchange

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (August 19 to 23, 2019).

Updated 26 Aug, 2019 10:50am

Returns on Profit and Loss Sharing Investment Bank Accounts (JANUARY TO JUNE 2019)

Comparative table of returns being given banks on their Profit and Loss Sharing Investment Accounts and Term Deposits.

Published 26 Aug, 2019 12:00am

The Weather

The weather report on Sunday (August 25, 2019) and the forecast for Monday (August 26, 2019).

Updated 26 Aug, 2019 11:10am

Economic decision taken for Balochistan border areas

Federal Board of Revenue (FBR) will finalise a plan for establishing border markets to curb smuggling and generate economic activity at border areas of Balochistan, issuing tax holiday notifications for Gwadar Port, strengthening customs operations at bor

Published 26 Aug, 2019 12:00am

Economic decision taken for Balochistan border areas

Federal Board of Revenue (FBR) will finalise a plan for establishing border markets to curb smuggling and generate economic activity at border areas of Balochistan, issuing tax holiday notifications for Gwadar Port, strengthening customs operations at bor

Published 26 Aug, 2019 12:00am

Three hurt in IED blast outside Pak CG Jalalabad

One policeman and two applicants are reportedly wounded in result of IED [improvised explosive device] blast in the holding area of Pakistan's Consulate General in Jalalabad, Afghanistan, Foreign Office said. Foreign Office spokesperson Dr Mohammad Faisal

Published 26 Aug, 2019 12:00am

Three hurt in IED blast outside Pak CG Jalalabad

One policeman and two applicants are reportedly wounded in result of IED [improvised explosive device] blast in the holding area of Pakistan's Consulate General in Jalalabad, Afghanistan, Foreign Office said. Foreign Office spokesperson Dr Mohammad Faisal

Published 26 Aug, 2019 12:00am

Currency

THE RUPEE: Steady trend

The rupee managed to gain steeply against the dollar in the local currency market during the week, ended on August 24, 2019.

Published 26 Aug, 2019 12:00am

Currency

THE RUPEE: Steady trend

The rupee managed to gain steeply against the dollar in the local currency market during the week, ended on August 24, 2019.

Published 26 Aug, 2019 12:00am

Absence of commercial counselors: Government decision could hurt country's export prospects

The government has recalled around 40 commercial counselors without replacing them with the new ones which may hamper country's exports prospects as well as exacerbate hardships for business community abroad, said government officials and representatives

Published 26 Aug, 2019 12:00am

Absence of commercial counselors: Government decision could hurt country's export prospects

The government has recalled around 40 commercial counselors without replacing them with the new ones which may hamper country's exports prospects as well as exacerbate hardships for business community abroad, said government officials and representatives

Published 26 Aug, 2019 12:00am

Exchange

Equities post strong rebound

Pakistan Stock Exchange witnessed bullish trend during the outgoing week ended on August 23, 2019 on the back of healthy buying in almost all sectors mainly by local investors and institutions. BRIndex100 gained 321.83 points on week-on-week basis to clos

Published 26 Aug, 2019 12:00am

Exchange

Equities post strong rebound

Pakistan Stock Exchange witnessed bullish trend during the outgoing week ended on August 23, 2019 on the back of healthy buying in almost all sectors mainly by local investors and institutions. BRIndex100 gained 321.83 points on week-on-week basis to clos

Published 26 Aug, 2019 12:00am

Exchange

Equities post strong rebound

Pakistan Stock Exchange witnessed bullish trend during the outgoing week ended on August 23, 2019 on the back of healthy buying in almost all sectors mainly by local investors and institutions. BRIndex100 gained 321.83 points on week-on-week basis to clos

Published 26 Aug, 2019 12:00am

Futures spread down by 1545 bps

The futures spread declined by 1545bps to negative 6.89 percent on the last day of the outgoing week. Trading activities on the futures counter improved as average daily volumes increased by 63.3 percent to 70.61 million shares as compared to previous wee

Published 26 Aug, 2019 12:00am

Futures spread down by 1545 bps

The futures spread declined by 1545bps to negative 6.89 percent on the last day of the outgoing week. Trading activities on the futures counter improved as average daily volumes increased by 63.3 percent to 70.61 million shares as compared to previous wee

Published 26 Aug, 2019 12:00am

Kashmiri leader urges Pakistani leadership to act 'decisively'

All Parties Hurriyat Conference (APHC) chairman Syed Ali Shah Geelani has urged Pakistani leadership to act 'decisively' and warned that neither history nor the coming generations will forgive them in case of failure at this critical juncture. In a statem

Published 26 Aug, 2019 12:00am

Kashmiri leader urges Pakistani leadership to act 'decisively'

All Parties Hurriyat Conference (APHC) chairman Syed Ali Shah Geelani has urged Pakistani leadership to act 'decisively' and warned that neither history nor the coming generations will forgive them in case of failure at this critical juncture. In a statem

Published 26 Aug, 2019 12:00am

India struggles to defend blocking politicians from visiting IOK

Authorities on Sunday defended blocking opposition Indian politicians from visiting Muslim-majority occupied Kashmir, saying it was to "avoid controversy" weeks after stripping the restive region of its autonomy and imposing a major clampdown. India's Hin

Published 26 Aug, 2019 12:00am

India struggles to defend blocking politicians from visiting IOK

Authorities on Sunday defended blocking opposition Indian politicians from visiting Muslim-majority occupied Kashmir, saying it was to "avoid controversy" weeks after stripping the restive region of its autonomy and imposing a major clampdown. India's Hin

Published 26 Aug, 2019 12:00am

Currency	Rate
USD PKR Interbank Selling / Feb 14	279.27
USD PKR Interbank Buying / Feb 14	279.07
USD to Japanese Yen / Feb 14	152.31
USD to Swiss Franc / Feb 14	0.90
Pound Sterling to USD / Feb 14	1.26
Euro to USD / Feb 14	1.05
UK LIBOR % / Feb 14	4.96

Stock	Volume
S&P 500 / Feb 14	6,114.63
India Sensex / Feb 14	75,939.21
Tokyo Nikkei / Feb 14	39,149.43
Nasdaq / Feb 14	20,026.77
Hang Seng / Feb 14	22,620.33
FTSE 100 / Feb 14	8,732.46
Dow Jones / Feb 14	44,546.08
Germany DAX 30 / Feb 14	22,513.42
France CAC40 / Feb 14	8,178.54

Item	Value
Crude Oil USD/Barrel / Feb 14	70.74
Karachi Cotton PKR/37.32 KG / Feb 14	17,785
Gold 10 Grams PKR / Feb 14	262,517
Gold Spot USD/Ounce / Feb 14	2,882.53
Cotton US¢/pound / Feb 14	68.31
Petrol/Litre / Feb 16	256.13
Diesel/Litre / Feb 16	263.95

Stock	Price
At-Tahur Ltd. / Feb 14 At-Tahur Limited(PREMA)	35.26 ▲ 3.21 (10.02%)
Saritow Spinning / Feb 14 Saritow Spinning Mills Limited(SSML)	23.84 ▲ 2.17 (10.01%)
Leather Up Ltd. / Feb 14 Leather Up Limited(LEUL)	38.02 ▲ 3.46 (10.01%)
Lucky Cement / Feb 14 Lucky Cement Limited(LUCK)	1,366.37 ▲ 124.22 (10%)
Suhail Jute / Feb 14 Suhail Jute Mills Limited(SUHJ)	108.35 ▲ 9.85 (10%)
Agriautos Ind. / Feb 14 Agriauto Industries Limited(AGIL)	115.49 ▲ 10.5 (10%)
Mandviwala / Feb 14 Mandviwala Mauser Plastic Industries(MWMP)	20.48 ▲ 1.86 (9.99%)
Sindh Abadgar / Feb 14 Sindh Abadgar's Sugar Mills Limited(SASML)	50.08 ▲ 4.55 (9.99%)
Popular Islamic / Feb 14 Popular Islamic Modaraba(PIM)	12.37 ▲ 1.04 (9.18%)
F.Credit & Inv / Feb 14 First Credit and Investment Bank Limited(FCIBL)	8.39 ▲ 0.7 (9.1%)

Stock	Price
Dewan Textile / Feb 14 Dewan Textile Mills Limited(DWTM)	6.80 ▼ -0.99 (-12.71%)
TPL Trakker Ltd / Feb 14 TPL Trakker Limited(TPLT)	7.55 ▼ -0.93 (-10.97%)
I.C.C. Ind. / Feb 14 ICC Industries Limited(ICCI)	10.77 ▼ -1.2 (-10.03%)
Redco Textile / Feb 14 Redco Textiles Limited(REDCO)	22.60 ▼ -2.51 (-10%)
Engro Powergen / Feb 14 Engro Powergen Qadirpur Limited(EPQL)	25.78 ▼ -2.86 (-9.99%)
D.M. Textile / Feb 14 D.M. Textile Mills Limited(DMTX)	63 ▼ -6.99 (-9.99%)
Universal Ins. / Feb 14 The Universal Insurance Company Limited(UVIC)	12.91 ▼ -1.43 (-9.97%)
Sakrand Sugar / Feb 14 Sakrand Sugar Mills Limited(SKRS)	12.11 ▼ -1.34 (-9.96%)
Idrees Tex. / Feb 14 Idrees Textile Mills Limited(IDRT)	12.81 ▼ -1.41 (-9.92%)
Sui South Gas / Feb 14 Sui Southern Gas Company Limited(SSGC)	32.68 ▼ -3.56 (-9.82%)

Stock	Volume
B.O.Punjab / Feb 14 The Bank of Punjab(BOP)	79,317,612 ▼ -0.66
Lotte Chemical / Feb 14 Lotte Chemical Pakistan Limited(LOTCHEM)	72,104,503 ▼ -1.12
Power Cement / Feb 14 Power Cement Limited(POWER)	40,290,839 ▼ -0.18
Sui South Gas / Feb 14 Sui Southern Gas Company Limited(SSGC)	32,711,461 ▼ -3.56
Hascol Petrol / Feb 14 Hascol Petroleum Limited(HASCOL)	31,600,150 ▼ -0.41
Dewan Motors / Feb 14 Dewan Farooque Motors Limited(DFML)	31,281,602 ▼ -2.6
Cnergyico PK / Feb 14 Cnergyico PK Limited(CNERGY)	20,508,125 ▼ -0.25
Fauji Foods Ltd / Feb 14 Fauji Foods Limited(FFL)	20,173,357 ▼ -0.24
Fauji Cement / Feb 14 Fauji Cement Company Limited(FCCL)	16,904,777 ▼ -1.09
WorldCall Telecom / Feb 14 Worldcall Telecom Limited(WTL)	16,467,161 ▼ -0.04

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