News Archives for Print - 2019-09-09

RBS may face new PPI hit of up to 900 million pounds

Britain's Royal Bank of Scotland may have to shell out a further 900 million pounds ($1.1 billion) to settle a final compensation bill for mis-selling payment protection insurance (PPI) after a last-minute surge in customer claims. The state-backed bank s

Published 09 Sep, 2019 12:00am

JPMorgan to add China bonds to GBI-EM indexes from February 2020

JPMorgan will include Chinese government bonds in its widely tracked Government Bond Index Emerging Markets (GBI-EM) suite from February 2020 onwards in a staggered process that will see the country's weighting rise to 10 percent, the bank said on Wednesd

Published 09 Sep, 2019 12:00am

Deutsche, Commerzbank CEOs warn of ECB rate cut side effects

The CEOs of Germany's two largest listed banks on Wednesday warned that a further cut in interest rates by the European Central Bank would deal a blow to savers and the financial system while having only minimal effect on the economy.

Published 09 Sep, 2019 12:00am

Reliance targets more retail acquisitions abroad

India's Reliance Industries Ltd is looking to buy fashion and child-focused retailers abroad and partner with global sports and beauty brands as part of its expansion into consumer markets, a top executive told Reuters.

Published 09 Sep, 2019 12:00am

Major oil companies undermine UN climate goals with $50 billion of new projects: report

Major oil companies have approved $50 billion of projects since last year that will not be economically viable if governments implement the Paris Agreement on climate change, think-tank Carbon Tracker said in a report published on Friday.

Published 09 Sep, 2019 12:00am

Stripped-back auto show mirrors German car industry gloom

Frankfurt's biennial International Auto Show (IAA) opens its doors to the public Thursday, but major foreign carmakers are staying away while climate demonstrators march outside - forming a microcosm of the industry's woes.

Published 09 Sep, 2019 12:00am

Egypt's Fawry eyes UAE deal, Saudi and Kuwaiti markets

Egyptian digital payments company Fawry plans to expand into the United Arab Emirates by the end of the year and also hopes to enter Saudi Arabia and Kuwait in 2020, its managing director said. Founded in 2009, Fawry offers digital payments to companies a

Published 09 Sep, 2019 12:00am

Nissan CEO tells some executives he plans to resign

Nissan Motor Co Chief Executive Hiroto Saikawa has told some executives he plans to resign, the Nikkei newspaper reported on Sunday, in what would mark the latest upheaval over governance at the troubled Japanese automaker.

Published 09 Sep, 2019 12:00am

iPhone to share the spotlight with services at Apple's big event

The iPhone will be front and center at Apple's upcoming media presentation even as the California tech giant steps up its efforts in content and services for its devices. In its trademark, tight-lipped style, Apple disclosed little about its plans for Tue

Published 09 Sep, 2019 12:00am

Smooth succession: Jack Ma eases out of a thriving Alibaba

Jack Ma steps down next week as chairman of Alibaba, but the start-up he built into an online retail behemoth is expected to keep thriving into a new era thanks to a culture of innovation he helped nurture. A former English teacher whose often playful ima

Published 09 Sep, 2019 12:00am

Fuel supplies restored to debt-ridden Air India

Fuel supplies have been restored to debt-ridden Air India at six airports following government-mediated talks, after a two-and-half-week suspension by oil companies over the late payment of dues, local media reported. Fuel supplies were suspended on Augus

Published 09 Sep, 2019 12:00am

Currency

China's August exports unexpectedly shrink as US shipments slump

China's exports unexpectedly fell in August as shipments to the United States slowed sharply, pointing to further weakness in the world's second-largest economy and underlining a pressing need for more stimulus as the Sino-US trade war escalates.

Published 09 Sep, 2019 12:00am

Malaysia agrees with Japan on second samurai bond issuance

Malaysia says it has agreed with Japan on its second issuance of samurai bonds at a rate of 0.5% for 10 years, its finance ministry said on Sunday. "The prime minister said Malaysia has gotten the agreement from Japan's prime minister, Shinzo Abe, for the

Published 09 Sep, 2019 12:00am

Malaysia agrees with Japan on second samurai bond issuance

Malaysia says it has agreed with Japan on its second issuance of samurai bonds at a rate of 0.5% for 10 years, its finance ministry said on Sunday. "The prime minister said Malaysia has gotten the agreement from Japan's prime minister, Shinzo Abe, for the

Published 09 Sep, 2019 12:00am

UK rail industry reaches key political junction

Britain's historic rail industry is destined for the biggest shakeup in decades that could end in renationalisation and significant investment to vastly improve services amid costly fares and delays. Full state-control of the industry is a distinct possib

Published 09 Sep, 2019 12:00am

Exchange

High-yield EM currencies to pare this year's losses in 12 months

High-yield emerging market currencies will probably pare this year's losses over the next 12 months provided monetary stimulus shows up in time in major economies to avoid a global recession, a Reuters poll found on Wednesday. These currencies have had a

Published 09 Sep, 2019 12:00am

Exchange

CEE currencies to rise on steady rates

Central Europe's leading currencies should firm against the euro over the coming year, according to a Reuters poll, as a steady rate outlook in the region contrasts with monetary easing in the euro zone and the United States. Central European ratesetters

Published 09 Sep, 2019 12:00am

Exchange

Sterling to rally against euro if Brexit deal agreed

Sterling will rally around 6% against the euro if Britain leaves the European Union with a deal, an outcome looking somewhat more likely after British lawmakers seized control of parliament to try and block a no-deal Brexit, a Reuters poll found. The poun

Published 09 Sep, 2019 12:00am

Gulf markets drop, Dubai leads losses

Most Gulf markets fell on Sunday, pulled down by financial shares, while Dubai's stock market unperformed regional peers as its top lender Emirates NBD broke a four-day winning streak. Dubai's index closed 0.7% lower with Emirates NBD falling 2.9%. The ba

Published 09 Sep, 2019 12:00am

Exchange

Foreigners net buyers of Japan stocks

Foreigners were net buyers of Japanese stocks in the week ended Aug. 30, marking a second consecutive week of foreign buying, on hopes that the United States and China might resume high-level talks to end their festering trade dispute. Overseas investors

Published 09 Sep, 2019 12:00am

US money fund assets hit highest since October 2009

US money market fund assets rose to their highest level since October 2009, as investors resumed their move into these low-risk products due to jitters about a slowing global economy and US-China trade tensions, a private report showed on Wednesday. Asset

Published 09 Sep, 2019 12:00am

US money fund assets hit highest since October 2009

US money market fund assets rose to their highest level since October 2009, as investors resumed their move into these low-risk products due to jitters about a slowing global economy and US-China trade tensions, a private report showed on Wednesday. Asset

Published 09 Sep, 2019 12:00am

Currency

VanEck SolidX bitcoin trust to sell shares to institutional buyers

Investment firm VanEck and financial technology company SolidX Management LLC will sell shares in their bitcoin trust to "qualified institutional buyers," the companies said on Tuesday, in a move aimed at further attracting institutional money into the cr

Published 09 Sep, 2019 12:00am

Currency

VanEck SolidX bitcoin trust to sell shares to institutional buyers

Investment firm VanEck and financial technology company SolidX Management LLC will sell shares in their bitcoin trust to "qualified institutional buyers," the companies said on Tuesday, in a move aimed at further attracting institutional money into the cr

Published 09 Sep, 2019 12:00am

Exchange

Paxos launches gold-backed token, dollar-backed Stablecoin

Paxos Trust Company launched the first regulated, gold-backed digital token and later this month will debut a stablecoin pegged to the US dollar, after getting approval from New York regulators on Thursday. The stablecoin called BUSD was jointly developed

Published 09 Sep, 2019 12:00am

Canada's TSX set to pad gains, fuelled by low interest rates

Toronto's stock market will add to this year's gains over the coming months and notch a new record high in 2020, as potential Bank of Canada interest rate cuts bolster the outlook for real estate and metal mining companies, a Reuters poll found. The Toron

Published 09 Sep, 2019 12:00am

As US Treasuries sizzle, some bond investors brace for possible sell-off

While there seems to be no end on the horizon to this year's dramatic rally in US Treasuries that has collapsed yields more than a full percentage point, conditions are ripening for a reversal that could disrupt the market. Some signals analysts track poi

Published 09 Sep, 2019 12:00am

As US Treasuries sizzle, some bond investors brace for possible sell-off

While there seems to be no end on the horizon to this year's dramatic rally in US Treasuries that has collapsed yields more than a full percentage point, conditions are ripening for a reversal that could disrupt the market. Some signals analysts track poi

Published 09 Sep, 2019 12:00am

Mutual Funds

Wall Street week ahead: another recent inversion could provide support

A decline in interest rates on long-term US government bonds below the average stock dividend yield has received less attention than an inverted Treasury yield curve, but it could be a reason stocks find support after a bruising August. After the S&P 500

Published 09 Sep, 2019 12:00am

Exchange

Putin, Macron hail Russia-Ukraine prisoner exchange

Russian President Vladimir Putin and French counterpart Emmanuel Macron hailed this weekend's exchange of prisoners between Moscow and Kiev in a telephone call on Sunday, their offices said. The call came ahead of a visit by the French foreign and defence

Published 09 Sep, 2019 12:00am

Saudi Arabia launches military industrial licensing plan

Saudi Arabia said on Sunday it had begun accepting license applications for firms in the military industrial sector, a major target under plans to diversify the kingdom's economy away from oil exports. The General Authority for Military Industries (GAMI)

Published 09 Sep, 2019 12:00am

One week after Dorian, Bahamians struggle amid the ruins

One week after getting slammed by Hurricane Dorian, Bahamians struggled amid the ruins Sunday, with many forced to seek refuge far from their shattered homes as the death toll from the top-intensity storm hit 43 in the islands. The storm, now classified a

Published 09 Sep, 2019 12:00am

Bangladesh university suspends student for being Rohingya

A Bangladesh university has suspended a student for being Rohingya, officials said Sunday, as impatience with the refugees grows following a second failed attempt to repatriate them to Myanmar. Some 740,000 of the Muslim minority fled to southeast Banglad

Published 09 Sep, 2019 12:00am

Iran says it could release UK-flagged tanker within days

Iran on Sunday hinted that it could release "within days" a UK-flagged oil tanker it had seized in July in sensitive Gulf waters amid rising hostilities with Britain's ally the United States. Foreign ministry spokesman Abbas Mousavi told state television

Published 09 Sep, 2019 12:00am

Kuwait ruler in US hospital for 'tests', Trump meeting postponed

The ruler of Kuwait, Emir Sheikh Sabah al-Ahmad Al-Sabah, has been admitted to a hospital in the United States for "medical tests", a senior official said on Sunday. As a result a meeting with US President Donald Trump set for September 12 was postponed,

Published 09 Sep, 2019 12:00am

Macron apologised for 'scandalous anthem gaffe': Albanian PM

Albania Prime Minister Edi Rama said on Sunday that France President Emmanuel Macron has apologised for the wrong national anthem being played before 'Les Bleus' beat the Albanians 4-1 in their Euro 2020 qualifier. The match kicked off late at the Stade d

Published 09 Sep, 2019 12:00am

Sudan's first post-Bashir cabinet sworn in

Sudan's first cabinet since the ouster of president Omar al-Bashir was sworn in Sunday as the African country transitions to a civilian rule following nationwide protests that overthrew the autocrat. The 18-member cabinet led by Prime Minister Abdalla Ham

Published 09 Sep, 2019 12:00am

Hundreds of thousands turn out for Pope Francis Madagascar mass

Hundreds of thousands of people on Sunday gathered on the outskirts of the Madagascan capital Antananarivo to hear Pope Francis say mass and deliver a homily condemning "privilege and exclusion" on the second leg of his three-nation African tour. Many peo

Published 09 Sep, 2019 12:00am

Outrage as neo-Nazi elected town council leader in Germany

The unanimous election of a neo-Nazi politician in Germany as the head of a town council has sparked outrage among senior political figures and calls to have the decision reversed. A political storm is brewing after Stefan Jagsch of the far right-wing ext

Published 09 Sep, 2019 12:00am

Powerful typhoon Faxai pummels Tokyo region

Typhoon Faxai, upgraded to a "very strong" storm with potentially record winds and rain, battered the Tokyo region late Sunday, sparking evacuation warnings to tens of thousands and transport disruption. Faxai, packing winds of up to 216 kilometres (134 m

Published 09 Sep, 2019 12:00am

Cancellation of talks by Trump is no solution to Afghan problem: Asfandyar

ANP's president, Asfandyar Wali Khan has said that the cancellation of negotiations' process by US President Donald Trump is no solution to Afghan problem, rather it will further deteriorate the situation. In a tweeter message over the abolition of the Af

Published 09 Sep, 2019 12:00am

International Literacy Day celebrated

The United Nations' International Literacy Day was celebrated on Sunday (September 8) in Pakistan and across the world with the specific theme of 'Literacy and Multilingualism'. The day provided an opportunity to rethink the fundamental importance of the

Published 09 Sep, 2019 12:00am

Nazmeen body urges government to hold LG polls within 120 days

All Nazmeens Organising Committee has demanded the holding of local bodies' elections within 120 days as per relevant clause of provincial local government Act.

Published 09 Sep, 2019 12:00am

Applications invited for scholarships from minority students

The Ministry of Religious Affairs and Interfaith Harmony has asked the deserving minority students to submit applications for scholarship before Oct 6. Orphans, destitute, needy, handicapped and poor minority students, having good educational record were

Published 09 Sep, 2019 12:00am

AJK PM apprises UK lawmakers of Indian atrocities in IOK

Prime Minister Azad Jammu and Kashmir Raja Muhammad Farooq Haider said the oppressed people of Jammu & Kashmir were facing Modi's terrorism based on pursuing hardlined RSS ideology to prosecute minority communities in India.

Published 09 Sep, 2019 12:00am

Bid to smuggle Afghan origin cannabis foiled at Torkham

Customs authorities Sunday foiled a major attempt of smuggling of Afghan origin cannabis from Afghanistan at Customs Border Station of Torkham. It is learnt that a serious attempt of narcotics was foiled on Sunday by customs. The incident took place at cu

Published 09 Sep, 2019 12:00am

JI leader commends armed forces' valour

The determination of Pakistan Armed Forces to retaliate Indian aggression with last bullet and last soldier is commendable. The whole nation is with Armed Forces as nation was with them during September war, 1965. Liaquat Baloch, Naib Ameer Jamaat-e-Islam

Published 09 Sep, 2019 12:00am

KP government to recruit 3000 'School Leaders' for primary schools

The provincial government of Khyber Pakhtunkhwa has decided to introduce school leaders in the primary schools to work for bringing improvement in the performance and teaching process in class rooms. In this connection 3000 new school leaders will be recr

Published 09 Sep, 2019 12:00am

Broghil Festival in upper Chitral to commence on September 12

The three-day Broghil Festival in Upper Chitral will be organised from September 12 to 14, 2019. Earlier, the festival was scheduled on September 6 to 8, 2019. But due to the month of Muharram-ul-Haram it was postponed for a week. The authorities have fin

Published 09 Sep, 2019 12:00am

Malik dubs Modi as 'Yazeed of today'

Former Interior Minister and Chairman Senate Standing Committee on Interior Senator A. Rehman Malik has urged the Muslims to learn from the supreme sacrifice of Hazrat Imam Hussain (AS) and martyrs of Karbala who sacrificed their lives for a greater cause

Published 09 Sep, 2019 12:00am

Sherpao for joint efforts to bring peace in Afghanistan

Calling for measures to end the prevailing stalemate, Qaumi Watan Party (QWP) chairman Aftab Ahmad Khan Sherpao on Sunday underlined the need for making efforts to restore peace in Afghanistan. According to a press release issued from Watan Kor - the head

Published 09 Sep, 2019 12:00am

Cotton

COTTON WEEKLY REVIEW: prices remained stable yet may rise after Muharram

The prices of cotton remained stable over all however chances of increase in prices after Muharrm Ul Haram remain due to increase in buying. Mixed trend was seen in international market. Prime Minister again shows his resolve of taking textile industry ou

Published 09 Sep, 2019 12:00am

Cotton

COTTON WEEKLY REVIEW: prices remained stable yet may rise after Muharram

The prices of cotton remained stable over all however chances of increase in prices after Muharrm Ul Haram remain due to increase in buying. Mixed trend was seen in international market. Prime Minister again shows his resolve of taking textile industry ou

Published 09 Sep, 2019 12:00am

9th Muharram processions to be taken out in Islamabad amid tight security

The 9th Muharram ul Haram processions will be taken out on Monday in different parts of the capital city in memory of sacrifice of Hazrat Imam Hussain (AS), his family and companions. The main procession will start from Markazi Imambargah Sector G-6/2 and

Published 09 Sep, 2019 12:00am

Government urged to reduce testing services' charges

Pasban Democratic Party (PDP) Chairman Altaf Shakoor has asked the government to take notice of steep fees and charges of Testing Services, fleecing jobless youth with both hands.

Published 09 Sep, 2019 12:00am

8th Muharram's procession held peacefully

The 8th Muharram's Alam procession which was taken out from Nishtar Park on Sunday morning culminated at Hussainian Iranian Imambargah Kharadar peacefully, amid improved security arrangements. The 9th and 10th Muharram Jaloos are also set to take place on

Published 09 Sep, 2019 12:00am

Prices of essential food items witness upward trend

Prices of essential food commodities, including vegetable, pulses, live chicken/meat, sugar, fruits, flour and others have risen sharply in retail market, according to a survey conducted by Business Recorder here on Sunday.

Published 09 Sep, 2019 12:00am

Muharram processions: Sindh government chalks out comprehensive security plan

The 8th Muharram's Alam procession which was taken out from Nishtar Park on Sunday morning culminated at Hussainian Iranian Imambargah Kharadar peacefully, amid improved security arrangements. The 9th and 10th Muharram Jaloos are set to take place on Mond

Published 09 Sep, 2019 12:00am

Cotton

MoCC to distribute environment-friendly bags

Ministry of Climate Change (MoCC) is going to set up 30 kiosks in different shopping malls and markets across the federal capital to distribute environment friendly bags as alternate to plastic bags.

Published 09 Sep, 2019 12:00am

SCCI's KPIOC and BEA ceremony held in Baku

Sarhad Chamber of Commerce and Industry organized "Khyber Pakhtunkhwa Investment Opportunities Conference and Business Excellence Awards function in Baku, Azerbaijan. Mushtaq Ahmad Ghani, Speaker Khyber Pakhtunkhwa Assembly, Shaukat Ali Yousafzai, Ministe

Published 09 Sep, 2019 12:00am

Decrease in diesel price: KP transport authority reviews intra-province fares

In wake of price decrease of diesel from Rs 132 per litre to Rs 127, the Provincial Transport Authority Khyber Pakhtunkhwa has also reviewed transport fares on intra-province routes for the public transport on various routes. Under the new rates, flying c

Published 09 Sep, 2019 12:00am

PESCO sets up CMC for Ashura

Peshawar Electricity Supply Company (PESCO) has established Crisis Management Cell at WAPDA House here to deal with any emergency on the feeders supply power to Imambargahs during the 9th and 10th of the Muharram-ul-Haram. The cell has been established on

Published 09 Sep, 2019 12:00am

PTCL observes Defence Day as Kashmir Solidarity Day

Pakistan Telecommunication Company Limited (PTCL) held a special ceremony to commemorate Defence Day and observe solidarity with the people of Kashmir at PTCL Headquarters, Islamabad. PTCL honoured and paid tribute to the families of martyrs Major Tariq a

Published 09 Sep, 2019 12:00am

KP government fixes compensation for workers families

KP Minister for Mineral Development, Dr Amjad Ali Khan has said that the provincial government is taking steps for the welfare of labourers and miners. Addressing a ceremony at Minerals Department, Mingora he said that a compensation of Rs.0.3 million has

Published 09 Sep, 2019 12:00am

KPEZDMC employees oppose proposed downsizing plan

Contractual Employees of Khyber Pakhtunkhwa Economic Zones Development and Management Company (KPEZDMC) strongly opposed the proposed plan of downsizing in the company. In a press statement issued here on Sunday, stated that the contract based employees o

Published 09 Sep, 2019 12:00am

PN celebrates 54th anniversary of 'Navy Day'

Pakistan Navy celebrated 54th anniversary of 'Navy Day' to commemorate its stunning performance against a much bigger enemy during 1965 War. Audacious attack by Pakistan Navy Warships during 'Operation Somnath' on Indian Radar Station at Dwarka and confin

Published 09 Sep, 2019 12:00am

After Chandrayaan-2 failure, India is adding to space debris: Fawad

Fawad Chaudhry on Sunday stepped up his criticism of India's space activities accusing New Delhi of "adding into space debris", a day after Indian mission to make soft landing on the Moon failed. "Endia is adding into space debris, ealrier "Mission Shakti

Published 09 Sep, 2019 12:00am

Balochistan government expedites uplift initiatives

Balochistan government has expedited its development initiatives to improve the education sector in the province. The development work in education department was aimed at improving the sector with provision of quality furniture, sports and science equipm

Published 09 Sep, 2019 12:00am

Kashmiri leader for early dispatch of UN fact-finding mission to IoK

A prominent Kashmiri leader has called for the dispatch of a United Nations fact-finding mission to the Indian Occupied Kashmir, which is under a repressive lockdown for over a month now, with a mandate to produce a quick report on the situation in the di

Published 09 Sep, 2019 12:00am

CS reviews Multan's security arrangements

Chief Secretary Punjab Yousaf Naseem Khokhar on Sunday visited central control room established in Civil Secretariat to monitor law and order during Muharram-ul-Haram and reviewed security arrangements. Talking to reporter on the occasion, the Chief Secre

Published 09 Sep, 2019 12:00am

Punjab to revisit laws for easing business activity

The Punjab Government has decided to revisit existing laws to reduce red tape, cost of regulations and entry barriers for new business in the province and directions have been issued to planning and development department to collect data on all licenses,

Published 09 Sep, 2019 12:00am

Sikh community team meets Punjab CM

A delegation of Sikh community led by Provincial Human Rights and Minorities Affairs Minister Ejaz Aalam called on Punjab Chief Minister Usman Buzdar here on Sunday. The delegation comprised of MPA Mahindar Pall Singh, Pram Jeet Singh Sarna, Harmindear Si

Published 09 Sep, 2019 12:00am

BMP opposes move to extend FPCCI president's tenure

Chairman Businessmen Panel (BMP) Mian Anjum Nisar said the business community will never accept extension or revised the time of the tenure for the President of the Federation of Pakistan Chambers of Commerce and Industry. He said President FPCCI is appoi

Published 09 Sep, 2019 12:00am

Sialkot-London-Sialkot: PIA's direct flight to take off on September 11

The national flag carrier Pakistan International Airline (PIA) is introducing new flight between Sialkot-London-Sialkot from September 11. Sources in Pakistan International Airline told Business Recorders on Sunday that inauguration ceremony of PIA flight

Published 09 Sep, 2019 12:00am

Pakistan condoles Mugabe's death

Pakistan on Sunday condoled over demise of former President of Zimbabwe, Robert Mugabe and offered sincere condolences to the bereaved family and to the people of Zimbabwe. "The Government and people of Pakistan are deeply saddened to learn about the demi

Published 09 Sep, 2019 12:00am

Efforts afoot to promote 'ease of doing business' culture

Special Assistant to the Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan Sunday said the government was successfully promoting the culture of 'Ease of Doing Business' for establishing a strong industrial based national economy and inc

Published 09 Sep, 2019 12:00am

IOK converted into Karbala by Indian forces: Firdous

Special Assistant to Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan on Sunday said that Hazrat Imam Hussain (AS) and his companions have rendered supreme scarifies in Karbala for the glory of Islam which would be remembered in all ti

Published 09 Sep, 2019 12:00am

Another polio case surfaces in South Waziristan

Another polio case has surfaced in South Waziristan tribal district after which the number of polio cases in Khyber Pakhtunkhwa this year has increased to 46. According to a spokesman for the Emergency Operation Centre (EOC), the fresh polio case has surf

Published 09 Sep, 2019 12:00am

BR staffer robbed at gunpoint

Armed bandits deprived Business Recorder staffer Chaudhry Shoaib Saleem of his valuables late on Saturday night near his residence. According to a complaint filed at the Shahdara police station, the staffer said when he was about to reach his home

Published 09 Sep, 2019 12:00am

Autopsy report confirms torture on Amir Masih during illegal detention

A post-mortem report of Amir Masih, a gardener who died after being illegally detained in an alleged police torture cell in Lahore, has confirmed torture on various parts of his body. According to the report, torture marks were visible on Amir's hands, fe

Published 09 Sep, 2019 12:00am

Transfer of cars ownership

I would like to draw the kind attention of DIG Traffic Javed Meher to a very important and serious matter regarding the transfer of ownership of cars and other vehicles which are being used in the names of others or say in the names of sellers (not in the

Published 09 Sep, 2019 12:00am

Indonesia nickel-ore export U-turn throws up investor red flag

Indonesia's surprise plan to roll out a nickel-ore export ban two years early could scare foreign investors away from Southeast Asia's biggest economy, analysts say, as it cements a reputation for policy flip-flops. Nickel prices soared this week on suppl

Published 09 Sep, 2019 12:00am

UAW scandal, weakening car sales mean tough contract talks

Detroit carmakers and the United Auto Workers faced a challenging backdrop to contract talks even before prosecutors escalated a corruption probe of the union in recent days. Uncertainties surrounding US trade policy and fuel economy rules have clouded th

Published 09 Sep, 2019 12:00am

Silence of 'good people'

The current crisis in occupied Kashmir is not just a political or geographical or socio cultural or geo-religious issue it is a humanitarian issue that for too long has been disguised as an 'internal' matter. Yes, the Line of Control is an internal matter

Published 09 Sep, 2019 12:00am

Kartarpur corridor

Despite Pak-India tensions over the situation in occupied Jammu and Kashmir, the third round of talks on the Kartarpur corridor was held at Attari. The Foreign Office Spokesman and Director General for South Asia Dr Mohammad Faisal, who led the Pakistan d

Updated 11 Sep, 2019 06:06am

Exchange

Total debt and liabilities: the big picture

Opposition parties and a section of the media have been holding the present government responsible for borrowing excessively from various sources to finance the budget deficit in the outgoing year. This does show the PTI government in a bad light and sugg

Updated 11 Sep, 2019 06:19am

'US will sanction whoever purchases Iran's oil'

The United States will continue to impose sanctions on whoever purchases Iran's oil or conducts business with Iran's Revolutionary Guards and no oil waivers will be re-issued, a U.S. official told Reuters on Sunday. "We will continue to put pressure on Ir

Published 09 Sep, 2019 12:00am

'US will sanction whoever purchases Iran's oil'

The United States will continue to impose sanctions on whoever purchases Iran's oil or conducts business with Iran's Revolutionary Guards and no oil waivers will be re-issued, a U.S. official told Reuters on Sunday. "We will continue to put pressure on Ir

Published 09 Sep, 2019 12:00am

Exchange

Israel attacks Gaza targets following drone raid

The Israeli army targeted Hamas positions in the Gaza Strip overnight in response to a drone attack from the Palestinian enclave, the military said. The Israeli strikes late Saturday came after two days of cross-border exchanges of fire in which two Pales

Published 09 Sep, 2019 12:00am

Exchange

Israel attacks Gaza targets following drone raid

The Israeli army targeted Hamas positions in the Gaza Strip overnight in response to a drone attack from the Palestinian enclave, the military said. The Israeli strikes late Saturday came after two days of cross-border exchanges of fire in which two Pales

Published 09 Sep, 2019 12:00am

Hong Kong police fire tear gas as clashes erupt

Hong Kong police fired tear gas to disperse protesters in the upmarket Causeway Bay shopping district on Sunday, after demonstrators had rallied at the U.S. Consulate calling for help in bringing democracy to the Chinese-ruled city. Police moved on protes

Published 09 Sep, 2019 12:00am

Hong Kong police fire tear gas as clashes erupt

Hong Kong police fired tear gas to disperse protesters in the upmarket Causeway Bay shopping district on Sunday, after demonstrators had rallied at the U.S. Consulate calling for help in bringing democracy to the Chinese-ruled city. Police moved on protes

Published 09 Sep, 2019 12:00am

India locates lander lost on final approach to moon

The lander module from India's moon mission was located on the lunar surface on Sunday, one day after it lost contact with the space station, and efforts are underway to try to establish contact with it, the head of the nation's space agency said. The Pre

Published 09 Sep, 2019 12:00am

India locates lander lost on final approach to moon

The lander module from India's moon mission was located on the lunar surface on Sunday, one day after it lost contact with the space station, and efforts are underway to try to establish contact with it, the head of the nation's space agency said. The Pre

Published 09 Sep, 2019 12:00am

Russians go to polls in test for Putin allies

Russians voted in local elections on Sunday that will test the popularity of President Vladimir Putin and his allies after a crackdown on opposition protests in Moscow. Elections for municipal councils and regional governors took place across the country,

Published 09 Sep, 2019 12:00am

Russians go to polls in test for Putin allies

Russians voted in local elections on Sunday that will test the popularity of President Vladimir Putin and his allies after a crackdown on opposition protests in Moscow. Elections for municipal councils and regional governors took place across the country,

Published 09 Sep, 2019 12:00am

Mugabe expected to be buried next weekend

Former Zimbabwe president Robert Mugabe is expected to be buried next weekend after his body is returned from Singapore where he died two days ago, a presidential spokesman said on Sunday. Mugabe, a guerrilla leader who swept to power after Zimbabwe's ind

Published 09 Sep, 2019 12:00am

Mugabe expected to be buried next weekend

Former Zimbabwe president Robert Mugabe is expected to be buried next weekend after his body is returned from Singapore where he died two days ago, a presidential spokesman said on Sunday. Mugabe, a guerrilla leader who swept to power after Zimbabwe's ind

Published 09 Sep, 2019 12:00am

Turkish military enters Syria to begin joint US 'safe zone' patrol

Armed Turkish military vehicles crossed into war-stricken Syria on Sunday to begin joint patrols with US counterparts to establish a high-stakes "safe zone" along a border region controlled by Kurdish forces. Vehicles with Turkish flags joined those in Sy

Published 09 Sep, 2019 12:00am

Turkish military enters Syria to begin joint US 'safe zone' patrol

Armed Turkish military vehicles crossed into war-stricken Syria on Sunday to begin joint patrols with US counterparts to establish a high-stakes "safe zone" along a border region controlled by Kurdish forces. Vehicles with Turkish flags joined those in Sy

Published 09 Sep, 2019 12:00am

Currency	Rate
USD PKR Interbank Selling / Dec 17	278.60
USD PKR Interbank Buying / Dec 17	278.60
USD to Japanese Yen / Dec 17	1.05
USD to Swiss Franc / Dec 17	0.90
Pound Sterling to USD / Dec 17	1.27
Euro to USD / Dec 17	154.09

Stock	Volume
S&P 500 / Dec 16	6,074.08
Nasdaq / Dec 16	20,173.89
Dow Jones / Dec 16	43,717.48
India Sensex / Dec 17	80,962.81
Tokyo Nikkei / Dec 17	39,364.68
Hang Seng / Dec 17	19,777.10
FTSE 100 / Dec 17	8,214.43
Germany DAX 30 / Dec 17	20,290.76

Item	Value
Gold 10 Grams PKR / Dec 16	243,059.70
Crude Oil USD/Barrel / Dec 17	70.82
Karachi Cotton PKR/37.32 KG / Dec 17	17,585
Gold Spot USD/Ounce / Dec 17	2,654.67
Cotton US¢/pound / Dec 17	69.11
Petrol/Litre / Dec 18	252.10

Stock	Price
Dadabhoy Cement / Dec 17 Dadabhoy Cement Industries Limited(DBCI)	7.11 ▲ 1.00 (16.37%)
First Capital Equities / Dec 17 First Capital Equities Limited(FCEL)	6.74 ▲ 0.82 (13.85%)
Oilboy Energy / Dec 17 Oilboy Energy Limited(OBOY)	10.45 ▲ 1.00 (10.58%)
LSE Financial Serv. / Dec 17 LSE Financial Services Limited(LSEFSL)	18.32 ▲ 1.67 (10.03%)
Air Link Com. / Dec 17 Air Link Communication Limited(AIRLINK)	208.93 ▲ 18.99 (10.00%)
Data Agro / Dec 17 Data Agro Limited(DAAG)	126.58 ▲ 11.51 (10.00%)
Fazal Cloth / Dec 17 Fazal Cloth Mills Limited(FZCM)	179.55 ▲ 16.32 (10.00%)
Land Mark Spinning / Dec 17 Landmark Spinning Industries Limited(LMSM)	63.91 ▲ 5.81 (10.00%)
Pak Datacom / Dec 17 Pak Datacom Limited(PAKD)	94.49 ▲ 8.59 (10.00%)

Stock	Price
Tri-Star Power / Dec 17 Tri-Star Power Limited(TSPL)	5.51 ▼ -0.74 (-11.84%)
Gulshan Sp. / Dec 17 Gulshan Spinning Mills Limited(GSPM)	4.19 ▼ -0.51 (-10.85%)
Sanghar Sugar / Dec 17 Sanghar Sugar Mills Limited(SANSM)	32.02 ▼ -3.56 (-10.01%)
Aisha Steel (CPS) / Dec 17 Aisha Steel Mills Limited (CPS)(ASLCPS)	20.17 ▼ -2.24 (-10.00%)
Chakwal Spinning / Dec 17 Chakwal Spinning Mills Limited(CWSM)	53.72 ▼ -5.97 (-10.00%)
Leiner Pak Gelat / Dec 17 Leiner Pak Gelatine Limited(LPGL)	126.67 ▼ -14.07 (-10.00%)
Mari Petroleum / Dec 17 Mari Petroleum Company Limited(MARI)	809.76 ▼ -89.97 (-10.00%)
Quetta Textile / Dec 17 Quetta Textile Mills Limited(QUET)	17.73 ▼ -1.97 (-10.00%)
Fateh Ind. / Dec 17 Fateh Industries Limited(FIL)	120.57 ▼ -13.37 (-9.98%)

Stock	Volume
WorldCall Telecom / Dec 17 Worldcall Telecom Limited(WTL)	403,228,918 ▼ -0.06
Pak Elektron / Dec 17 Pak Elektron Limited(PAEL)	107,379,306 ▲ 3.33
Cnergyico PK / Dec 17 Cnergyico PK Limited(CNERGY)	59,584,754 ▼ -0.06
B.O.Punjab / Dec 17 The Bank of Punjab(BOP)	57,023,129 ▲ 0.59
Pak Refinery / Dec 17 Pakistan Refinery Limited(PRL)	55,947,968 ▲ 3.65
Sui South Gas / Dec 17 Sui Southern Gas Company Limited(SSGC)	42,917,218 ▲ 1.17
PIA Holding Co.Ltd / Dec 17 PIA Holding Company Limited(PIAHCLA)	36,337,248 ▲ 1.16
Fauji Foods Ltd / Dec 17 Fauji Foods Limited(FFL)	33,958,478 ▼ -0.28
Hub Power Co. / Dec 17 The Hub Power Company Limited(HUBC)	33,067,460 ▲ 11.97

Most Popular