News Archives for Print - 2019-09-15

Malala urges UNGA, global leaders to help restore peace in IoK

Nobel laureate Malala Yousafzai on Saturday lamented over the ongoing lockdown in occupied Kashmir, saying that she is asking the leaders at the United Nations General Assembly and beyond to work towards restoring peace in the valley. Malala said that the

Published 15 Sep, 2019 12:00am

Exchange

Indian firing along LoC: five soldiers, one civilian martyred

Five Pakistan Army soldiers and a civilian were martyred while seven others including a soldier got injured in different incidents along western border as well as Line of Control (LoC) on Saturday. According to details shared by Inter-Services Public Rela

Published 15 Sep, 2019 12:00am

Exchange

Indian firing along LoC: five soldiers, one civilian martyred

Five Pakistan Army soldiers and a civilian were martyred while seven others including a soldier got injured in different incidents along western border as well as Line of Control (LoC) on Saturday. According to details shared by Inter-Services Public Rela

Published 15 Sep, 2019 12:00am

Firing incident on security forces: Afghan diplomat summoned

Pakistan summoned top Afghan diplomat on Saturday and a strong protest was lodged with him over the firing incident on security forces engaged in fencing the Pak-Afghan border. According to Foreign Office spokesperson Dr Mohammad Faisal, the Afghan Charge

Published 15 Sep, 2019 12:00am

Farogh 'explains' Article 149 (4)

Federal Minister for Law and Justice Barrister Dr Muhammad Farogh Naseem has said those who are objecting to possible imposition of Article 149 (4) of Constitution have, in fact, not read it carefully as nowhere does it talk about creating a separate prov

Published 15 Sep, 2019 12:00am

Farogh 'explains' Article 149 (4)

Federal Minister for Law and Justice Barrister Dr Muhammad Farogh Naseem has said those who are objecting to possible imposition of Article 149 (4) of Constitution have, in fact, not read it carefully as nowhere does it talk about creating a separate prov

Published 15 Sep, 2019 12:00am

TAPI gas line home section: Construction to begin by end of January 2020

Construction activities on the proposed Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline will start by the end of January 2020 on Pakistan section. Sources said that the proposed date for inauguration of TAPI gas pipeline for Pakistan section w

Published 15 Sep, 2019 12:00am

TAPI gas line home section: Construction to begin by end of January 2020

Construction activities on the proposed Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline will start by the end of January 2020 on Pakistan section. Sources said that the proposed date for inauguration of TAPI gas pipeline for Pakistan section w

Published 15 Sep, 2019 12:00am

African leaders laud Mugabe

Zimbabwe gave former president Robert Mugabe a state funeral on Saturday with African leaders paying tribute to a man lauded as a liberation hero but whose 37-year rule was defined by repression and economic turmoil. Mugabe, who died in Singapore last wee

Published 15 Sep, 2019 12:00am

African leaders laud Mugabe

Zimbabwe gave former president Robert Mugabe a state funeral on Saturday with African leaders paying tribute to a man lauded as a liberation hero but whose 37-year rule was defined by repression and economic turmoil. Mugabe, who died in Singapore last wee

Published 15 Sep, 2019 12:00am

Iran inks deal to develop gas field in tense Gulf

Two Iranian companies signed a $440 million agreement Saturday to develop a gas field in the sensitive Gulf, with the oil ministry saying it showed arch-foe the United States could not stop the country with sanctions. Oil Minister Bijan Namdar Zanganeh sa

Published 15 Sep, 2019 12:00am

Iran inks deal to develop gas field in tense Gulf

Two Iranian companies signed a $440 million agreement Saturday to develop a gas field in the sensitive Gulf, with the oil ministry saying it showed arch-foe the United States could not stop the country with sanctions. Oil Minister Bijan Namdar Zanganeh sa

Published 15 Sep, 2019 12:00am

Exchange

Moscow holds Taliban talks

A Taliban delegation held talks with Russian officials in Moscow after US negotiations with the Afghan insurgents collapsed, the Russian foreign ministry said Saturday. "The Russian president's special representative for Afghanistan , Zamir Kabulov, hoste

Published 15 Sep, 2019 12:00am

Exchange

Moscow holds Taliban talks

A Taliban delegation held talks with Russian officials in Moscow after US negotiations with the Afghan insurgents collapsed, the Russian foreign ministry said Saturday. "The Russian president's special representative for Afghanistan , Zamir Kabulov, hoste

Published 15 Sep, 2019 12:00am

Germany warns against early troop withdrawal from Afghanistan

A withdrawal of Nato forces from Afghanistan could see the country falling back under the strict Islamic rule of the Taliban, German Defence Minister Annegret Kramp-Karrenbauer said on Saturday. Kramp-Karrenbauer, who also heads Angela Merkel's Christian

Published 15 Sep, 2019 12:00am

Germany warns against early troop withdrawal from Afghanistan

A withdrawal of Nato forces from Afghanistan could see the country falling back under the strict Islamic rule of the Taliban, German Defence Minister Annegret Kramp-Karrenbauer said on Saturday. Kramp-Karrenbauer, who also heads Angela Merkel's Christian

Published 15 Sep, 2019 12:00am

Government optimistic about economic prospects

Prime Minister Imran Khan Saturday chaired a meeting of his economic team wherein he was told that the government's economic policies were coming to fruition citing considerable reduction in trade deficit, increase in exports and tax collection. The meeti

Published 15 Sep, 2019 12:00am

Government optimistic about economic prospects

Prime Minister Imran Khan Saturday chaired a meeting of his economic team wherein he was told that the government's economic policies were coming to fruition citing considerable reduction in trade deficit, increase in exports and tax collection. The meeti

Published 15 Sep, 2019 12:00am

High court restrained from passing anti-judge strictures

The Supreme Court has held that high court should not pass strictures against a judge of the district judiciary in a judgment or summon the judge in judicial proceedings relating to his/her judgment, for public reprimand in open court.

Published 15 Sep, 2019 12:00am

High court restrained from passing anti-judge strictures

The Supreme Court has held that high court should not pass strictures against a judge of the district judiciary in a judgment or summon the judge in judicial proceedings relating to his/her judgment, for public reprimand in open court.

Published 15 Sep, 2019 12:00am

Exchange

Dr Pasha lists factors behind economic slowdown

The government policy to sharply increase the discount rate as well as depreciate the exchange rate is responsible for slowdown in economic civilities, leading to unemployment and poverty. This was stated by Dr Hafeez Pasha, former Finance Minister, while

Published 15 Sep, 2019 12:00am

Exchange

Dr Pasha lists factors behind economic slowdown

The government policy to sharply increase the discount rate as well as depreciate the exchange rate is responsible for slowdown in economic civilities, leading to unemployment and poverty. This was stated by Dr Hafeez Pasha, former Finance Minister, while

Published 15 Sep, 2019 12:00am

Trump confirms death of Al-Qaeda heir Hamza bin Laden

US President Donald Trump on Saturday confirmed that Hamza bin Laden, the son and designated heir of Al-Qaeda founder Osama bin Laden, was killed in a counter-terrorism operation along the Afghanistan-Pakistan border. US media reported in late July and ea

Published 15 Sep, 2019 12:00am

Trump confirms death of Al-Qaeda heir Hamza bin Laden

US President Donald Trump on Saturday confirmed that Hamza bin Laden, the son and designated heir of Al-Qaeda founder Osama bin Laden, was killed in a counter-terrorism operation along the Afghanistan-Pakistan border. US media reported in late July and ea

Published 15 Sep, 2019 12:00am

Egypt's Sisi denies graft accusations

Egypt's President Abdel Fattah al-Sisi on Saturday flatly denied allegations of corruption made by an Egyptian businessman, assuring he was "honest and faithful" to his people and army. Videos posted online from outside the country since early September a

Published 15 Sep, 2019 12:00am

Egypt's Sisi denies graft accusations

Egypt's President Abdel Fattah al-Sisi on Saturday flatly denied allegations of corruption made by an Egyptian businessman, assuring he was "honest and faithful" to his people and army. Videos posted online from outside the country since early September a

Published 15 Sep, 2019 12:00am

Qadri says quitting 'practical' politics

Dr Tahir-ul-Qadri has announced to step down from Chairmanship of Pakistan Awami Tehreek and quit "practical" politics and devote all his energies for academic activities and creating awareness among the Muslim Ummah. While addressing a press conference t

Published 15 Sep, 2019 12:00am

Qadri says quitting 'practical' politics

Dr Tahir-ul-Qadri has announced to step down from Chairmanship of Pakistan Awami Tehreek and quit "practical" politics and devote all his energies for academic activities and creating awareness among the Muslim Ummah. While addressing a press conference t

Published 15 Sep, 2019 12:00am

Power consumers to bear brunt of Rs 40-45 billion adjustments

The government is all set to pass on financial impact of additional Rs 40-45 billion to consumers of power Distribution Companies (Discos) under the garb of annual adjustments and quarterly adjustments under different heads including Power Purchase Price

Published 15 Sep, 2019 12:00am

Power consumers to bear brunt of Rs 40-45 billion adjustments

The government is all set to pass on financial impact of additional Rs 40-45 billion to consumers of power Distribution Companies (Discos) under the garb of annual adjustments and quarterly adjustments under different heads including Power Purchase Price

Published 15 Sep, 2019 12:00am

CEOs slots: MoI&P relying on look-after charge despite Cabinet orders

The Ministry of Industries and Production (MoI&P) is reportedly relying on look-after charge of positions of CEOs by blatantly flouting Cabinet's instructions, well-informed sources in the Ministry told Business Recorder.

Published 15 Sep, 2019 12:00am

CEOs slots: MoI&P relying on look-after charge despite Cabinet orders

The Ministry of Industries and Production (MoI&P) is reportedly relying on look-after charge of positions of CEOs by blatantly flouting Cabinet's instructions, well-informed sources in the Ministry told Business Recorder.

Published 15 Sep, 2019 12:00am

Fights break out as Hong Kong's polarisation deepens

Fights erupted in Hong Kong on Saturday with political rivals trading blows in a mall and Beijing supporters using Chinese flags to assault opponents on a street, deepening the city's polarisation after months of pro-democracy protests. The once stable in

Published 15 Sep, 2019 12:00am

Fights break out as Hong Kong's polarisation deepens

Fights erupted in Hong Kong on Saturday with political rivals trading blows in a mall and Beijing supporters using Chinese flags to assault opponents on a street, deepening the city's polarisation after months of pro-democracy protests. The once stable in

Published 15 Sep, 2019 12:00am

Prospects of war

In the wake of New Delhi's abominable repressive campaign in Occupied Kashmir there is the grim possibility of a nuclear war between Pakistan and India, and Pakistan won't like the world to be caught unaware. Early this month, Prime Minister Imran Khan wa

Updated 17 Sep, 2019 06:47am

Exchange

Police excesses

Incidents of police torture in Punjab have been in the limelight - we are not going to talk about the scores that haven't and the issue begs the question whether we do need the kind of police we have in Punjab. Not that this is for the first time there we

Updated 17 Sep, 2019 06:57am

Robert Mugabe

Robert Mugabe, the hero of Zimbabwe's liberation from the white minority rule and a revered pan-Africanist, has died leaving behind a mixed legacy. Following the ouster of Ian Smith's racist regime, he swept to power in the 1980 elections. He started off

Updated 17 Sep, 2019 06:42am

Signs of import Substitution

The reported import bill, as per PBS data, stood at $3.6 billion in Aug-19 - lowest monthly number since Jul-16. In case of trade deficit, $1.85 billion is lowest since Mar-16. That is some progress, and the current account deficit is likely to reduce to

Updated 16 Sep, 2019 10:52am

Liquid of life

Water is the driving force of all nature. Water is life and clean water means health. It is a great blessing of Allah and there is not a single living being on earth that can survive without water. Humans should rejoice this blessing and great efforts sho

Published 15 Sep, 2019 12:00am

Protests against German car industry rev up in Frankfurt

Environmental campaigners plan to disrupt the Frankfurt motor show this weekend as Germany's car industry comes under increasing pressure to go green and abandon internal combustion engines. "The car industry has cheated on diesel and is contributing to t

Published 15 Sep, 2019 12:00am

Legal respite only temporary as Amazon indigenous battle miners

The Amazon's Amahuaca people braved marauding rubber tappers a century ago, and now face a new threat to their survival as gold mines and oil wells increasingly encircle their jungle home. They and other indigenous communities have gone to court to protec

Published 15 Sep, 2019 12:00am

We must wait for PM's call

The Muzaffarabad rally addressed by prime minister Imran Khan on Friday must have assured residents of AJ&K that he will expose Indian human rights violations in the occupied Jammu & Kashmir when he addresses the UN General Assembly this month.

Published 15 Sep, 2019 12:00am

Constitutional posts: deadlock between government, opposition widens

Appointments on constitutional positions have become highly politicised as the trust deficit widens between the treasury and the opposition benches. An anecdotal survey carried out by Business Recorder revealed that constitutional positions requiri

Published 15 Sep, 2019 12:00am

PEN threatens to launch protest against delay in payment

Private Education Network (PEN) Khyber Pakhtunkhwa has warned to launch protest campaign against delay in payment of funds under the provincial governmental voucher scheme to the private educational institutions. Speaking in a news conference at Peshawar

Published 15 Sep, 2019 12:00am

Indian forces indulging in ethnic cleansing of Kashmiri Muslims: AJ&K PM

Prime Minister (PM) Azad Jammu and Kashmir (AJ&K) Raja Farooq Haider Khan has said Indian military and paramilitary forces are pursuing a policy of ethnic cleansing of Kashmiri Muslims in an attempt to crush indigenous Kashmir liberation movement. He expr

Published 15 Sep, 2019 12:00am

Indian envoy summoned over ceasefire violations

Pakistan summoned Indian Charge d'Affaires Gaurav Ahluwalia on Saturday and condemned the unprovoked ceasefire violations by the Indian forces along the Line of Control (LoC) that resulted in martyrdom of a woman and injuries to seven other. According to

Published 15 Sep, 2019 12:00am

PML-N urges CJ to take notice of case against Sanaulla

Pakistan Muslim League-Nawaz (PML-N) on Saturday demanded the chief justice to take notice of the case against former Punjab law minister Rana Sanaulla, who is facing a trial on charges of possessing drugs. PML-N spokesperson Marriyum Aurangzeb said, Sanu

Published 15 Sep, 2019 12:00am

Indonesian embassy organises blood donation camp

Indonesian Embassy in Islamabad in collaboration with the Pakistan Red Crescent Society organised a blood donation camp here on Saturday. Diplomatic community, students from CITHMS, Bahria University and International Islamic University and numerous peopl

Published 15 Sep, 2019 12:00am

PML-N, PPP still indecisive about joining JUI-F's long march

The Jamiat Ulema-e-Islam-Fazl's (JUI-F) 'solo flight' for Islamabad next month to dislodge Pakistan Tehreek-e-Insaf (PTI) government is unlikely to achieve the desired result, as the two major opposition parties - PML-N and PPP - are yet to ensure their p

Published 15 Sep, 2019 12:00am

PPP may give call for protest and sit-in

Pakistan People's Party (PPP) may give a call of sit-in and protest against the Pakistan Tehreek-e-Insaf (PTI) government before the announcement of Jamiat Ulema-e-Islam (Fazl) Islamabad March schedule. Pakistan People's Party Information Secretary Dr Naf

Published 15 Sep, 2019 12:00am

ANP demands impartial, transparent polls to strengthen democracy

ANP's president Asfandyar Wali Khan demanded impartial and transparent polls to handover the reign of power to elected and democratic forces and strengthen democracy in the country. In a message issued here on Sunday in connections with World Democracy Da

Published 15 Sep, 2019 12:00am

Yellow Bus Rapid Transit: Sindh government to bear Rs 1.3 billion subsidy annually

The Sindh government will pay Rs 1.3 billion subsidy annually for the operation of Yellow Bus Rapid Transit, which is the part of Karachi Urban Mobility Project, official documents indicated. The operational subsidy for the project was estimated at Rs 1.7

Published 15 Sep, 2019 12:00am

Currency

Government urged to set up sector-specific export councils

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said that exports cannot be improved through lip service and failed initiatives, therefore, the government should establish sector-specific export councils and their per

Published 15 Sep, 2019 12:00am

Exchange

19th ITCN Asia to kick-off on September 17

The Federal Minister for Information Technology and Telecommunication Dr Khalid Maqbool Siddiqui will inaugurate the 19th ITCN Asia, to be taken place in Karachi from September 17-19. The exhibition will be spread out over 6 halls at the Karachi Expo Cent

Published 15 Sep, 2019 12:00am

Cotton

Women cotton pickers' working conditions discussed

Labor and civil society leaders have raised concern over poor working condition of women cotton pickers. This discussion was organized by Sindh Community Foundation and led by the Javed Hussain, Executive Director of Sindh Community Foundation (SCF), Mahn

Published 15 Sep, 2019 12:00am

Dawood University team visits village

A delegation of Dawood University comprising of city planners, architects, environmental and chemical engineers led by the Vice Chancellor Dr Faizullah Abbasi visited village Moula Bux Mallah and adjoining 4 RO plants providing potable water to the people

Published 15 Sep, 2019 12:00am

Hot, humid weather likely across country

Monsoon with weakening system is gripping upper parts, as hot and humid weather is expected across the country, the Met Office said on Saturday. However, rain and wind-thunderstorm are likely in Malakand, Hazara, Mardan, Peshawar, Kohat, Rawalpindi, Gujra

Published 15 Sep, 2019 12:00am

Cotton

July-August 2019: E&T collects Rs 12.172 billion revenue

Sindh Excise and Taxation (E&T) department on Saturday claimed to have made a revenue collection of Rs12.172 billion during July-August period. E&T Director General Shabbir Ahmed Sheikh revealed that the department had collected Rs 1.216 billion under mot

Published 15 Sep, 2019 12:00am

Gold prices fall

Gold prices on Saturday receded to Rs 86500 per tola with Rs 1400 fall in a single day trading on the local market, traders said. The precious metal is now traded for Rs 74160 per 10 grams with a Rs 1200 decline following its value fall of $18 an ounce to

Published 15 Sep, 2019 12:00am

BMP deplores plight of people in IoK

Secretary General (Federal) of the Businessmen Panel (BMP), Chaudhry Ahmad Jawad has said Indian government to accept responsibility for the human rights violations being carried out in Jammu and Kashmir. He said it's hard to believe after passing 40 days

Published 15 Sep, 2019 12:00am

Six projects receive 2019 Aga Khan Award for Architecture

The six winning projects of the 2019 Aga Khan Award for Architecture (AKAA) were acclaimed at a ceremony held at Kazan's Musa Jalil State Academic Opera and Ballet Theatre. Mintimer Shaimiev, State Counsellor of the Republic of Tatarstan, accompanied His

Published 15 Sep, 2019 12:00am

Good governance, rule of law vital for economic growth: adviser

Adviser to Punjab Chief Minister Dr Salman Shah has said that economic growth cannot be achieved without transparency, accountability and merit and added that issues piled up in the last 70 years cannot be resolved in the wink of an eye.

Published 15 Sep, 2019 12:00am

April-June quarter: Islamic banking assets and deposits post growth

The market share of Islamic banking assets and deposits in the overall banking industry was recorded at 14.4 percent and 15.9 percent, respectively by June-end, 2019. According to Islamic Banking Bulletin issued by State Bank of Pakistan (SBP), assets of

Published 15 Sep, 2019 12:00am

KE drive against kunda, internet cables continues

In continuation of K-Electric's drive against kundas, TV cables, internet wires and illegal streetlights which were encroaching on power infrastructure throughout the city. The power utility has successfully removed more than 150 illegal connections from

Published 15 Sep, 2019 12:00am

Controversial video leak judge Malik made OSD

The Lahore High Court (LHC) on Saturday made former judge Islamabad accountability court Arshad Malik an Officer on Special Duty (OSD) from the date of his suspension, involved in video scandal. According to a notification issued by LHC Registrar, the LHC

Published 15 Sep, 2019 12:00am

Sanaullah's judicial remand extended till September 28

A duty judge presiding over as a special court for Control of Narcotics Substance (CNS) on Saturday extended judicial remand of former law minister Rana Sanaullah in a drug case till September 28. When counsel for Rana Sanaullah urged the judge to ask the

Published 15 Sep, 2019 12:00am

Punjab alarmed over dengue out break

Dengue fever outbreak has spread alarm, as more patients have been diagnosed with dengue fever across the province of Punjab. While issuing instructions to district administration from Saudi Arabia, Punjab chief minister Sardar Usman Buzdar has directed t

Published 15 Sep, 2019 12:00am

Prices of food items witness upward trend

Prices of essential kitchen items have witnessed an increase during this week past as compared to previous week, a survey conducted by Business Recorder revealed here on Saturday. The survey observed that onion price went up from Rs 270 per 5kg to

Published 15 Sep, 2019 12:00am

Sales Tax Act 1990: government may exclude batteries, auto parts & tyres from third schedule

The government may exclude storage batteries, auto parts, and tyres and tubes from the Third Schedule of the Sales Tax Act 1990 for retail price taxation if imported by automotive manufacturers or assemblers.

Published 15 Sep, 2019 12:00am

Power tariff enhanced by 70 percent for Punjab export industry

The power distribution companies (DISCOs) have raised their electricity tariff for the Punjab exporting industries, charging them up to Rs20 per unit from the earlier rate of Rs10.62 per unit by imposing various levies and taxes.

Published 15 Sep, 2019 12:00am

Former VP ABL Malik Ashraf dies

Former Vice President Allied Bank Limited Malik Ashraf passed away, here on Saturday. His burial will be held on Sunday after Asr prayer at 71 GG Street 8, Phase 4 DHA Lahore.

Published 15 Sep, 2019 12:00am

Arguments being advanced through fists and kicks: CJP

Chief Justice of Pakistan (CJP) Asif Saeed Khan Khosa on Saturday said that nowadays the arguments were being advanced through fists and kicks and the future historian will not forget or forgive us for this.

Published 15 Sep, 2019 12:00am

Trump floats possible defense treaty days ahead of Israeli polls

US President Donald Trump said on Saturday he had spoken with Israeli Prime Minister Benjamin Netanyahu about a possible mutual defense treaty between the two nations, a move that could bolster Netanyahu's re-election bid just days before Israelis go to t

Published 15 Sep, 2019 12:00am

French group to open two hotels in Damascus as airstrikes kill civilians

Louvre Hotels Group, owned by China's Jin Jiang, has signed an agreement to open two hotels under its own name in Damascus, it said on Saturday, a day after the UN announced an internal investigation into the bombing of hospitals in Syria. The confirmatio

Published 15 Sep, 2019 12:00am

New Italy government lets rescued migrants disembark

Italy on Saturday agreed to allow rescue ship Ocean Viking to disembark 82 migrants on Lampedusa, in a reversal of the hardline policy under the country's ex-interior minister Matteo Salvini. Far-right leader Salvini was forced out of office last month af

Published 15 Sep, 2019 12:00am

Tiananmen Square 'Tank Man' photographer dies

The photographer who snapped the defining image of China's Tiananmen Square crackdown - a solitary man defiantly blocking the path of a column of tanks - has died in Indonesia, according to US officials. American authorities confirmed the death of 64-year

Published 15 Sep, 2019 12:00am

Tropical Storm Humberto lashes Bahamas

Tropical Storm Humberto lashed already devastated parts of the Bahamas with heavy rain and strong winds on Saturday, and forecasters said it was likely to become a hurricane before the end of the weekend. The storm is expected to leave the northwestern Ba

Published 15 Sep, 2019 12:00am

One hurt as blast rocks southern Swedish city

A young woman was seriously injured Saturday by a blast in southern Sweden, police said, describing it as deliberate as the country battles an increase in criminal use of explosives. A woman in her twenties, who was passing when the explosion occurred in

Published 15 Sep, 2019 12:00am

Solid gold toilet stolen from English stately home

A gang of thieves on Saturday stole an 18-carat gold toilet from Britain's Blenheim Palace, police said, causing flooding that damaged the world-famous stately home. The fully-functioning toilet, dubbed "America", was created by Italian artist Maurizio Ca

Published 15 Sep, 2019 12:00am

Russia's world-first floating nuclear plant arrives in port

Russia's world first floating nuclear power station on Saturday completed a 5,000-kilometre (3,100-mile) Arctic transfer to the country's far east, the Rosatom nuclear agency said. "The Akademik Lomonosov floating nuclear plant arrived at Pevek, in the au

Published 15 Sep, 2019 12:00am

South Korea's US crude imports jump, Iranian oil imports remain zero

South Korea's imports of US crude oil soared in August, whereas its imports of Iranian oil stayed at zero for a fourth month in a row, following US sanctions waiver end in May, customs data showed on Sunday. Imports from the United States were 1.43 millio

Published 15 Sep, 2019 12:00am

Exchange

Disney chief exits Apple board

Disney chief Bob Iger resigned from Apple's board of directors as the companies are poised to launch rival online streaming services, according to a filing Friday with US regulators. Iger's departure came the same day that the iPhone maker announced that

Published 15 Sep, 2019 12:00am

Siemens, Orascom to rebuild vast Iraq power plant

Iraq on Saturday signed a $1.3 billion deal with German industrial conglomerate Siemens and Egypt's Orascom Construction to rebuild a major power plant complex in the ravaged city of Baiji, north of Baghdad. The new deal is part of a broader energy road m

Published 15 Sep, 2019 12:00am

Currency

EU finance ministers back push for simpler fiscal rules

European Union finance ministers backed on Saturday a simplification of the EU's fiscal rules to make them more transparent and predictable, but more work is needed before any changes are agreed, a senior European Commission official said. Commission vice

Published 15 Sep, 2019 12:00am

Overshadowed by US corruption probe, UAW, GM near contract deadline

A federal corruption probe of top union officials stirred growing uncertainty about collective bargaining talks on Saturday, as the current labor contract between the United Auto Workers (UAW) and General Motors Co was set to expire at the stroke of midni

Published 15 Sep, 2019 12:00am

Currency

Euro up as bank relief offsets ECB stimulus

The euro gained against the dollar on Friday for a second day after the European Central Bank on Thursday exempted euro zone banks from a penalty charge, which analysts say will reduce the currency impact of new stimulus.

Published 15 Sep, 2019 12:00am

Currency

Indian rupee unlikely to gain traction

The Indian rupee will not regain ground lost against the dollar in the coming year, according to strategists polled by Reuters, who believe a recent rollback of a surcharge on foreign investments will have no impact on the currency.

Published 15 Sep, 2019 12:00am

Currency

Bears ease grip on most Asian currencies as trade worries ebb

Investors rolled back short positions on most Asian currencies over the past two weeks, a Reuters poll showed, as risk appetite picked up after the United States and China agreed to restart trade talks.

Published 15 Sep, 2019 12:00am

Currency

Speculators cut long dollar bets

Speculators reduced their bullish bets on the US dollar in the latest week, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday.

Published 15 Sep, 2019 12:00am

Currency

Loonie hits 9-day low

The Canadian dollar weakened to its lowest in more than one week against its US counterpart on Friday as investors guarded against the risk that the Federal Reserve would shift next week to a less dovish stance.

Published 15 Sep, 2019 12:00am

Exchange

African currencies week ahead: Nigerian, Kenyan currencies seen stable

The Nigerian naira and the Kenyan shilling are expected to be stable against the dollar in the week ahead, backed by offshore investors into local government securities.

Published 15 Sep, 2019 12:00am

Exchange

S&P edges lower as Apple weighs, trade tensions ease

The S&P 500 ended the day down slightly on Friday but less than 1% below its all-time high as a drop in Apple stock countered cooling US-China trade tensions.

Published 15 Sep, 2019 12:00am

Credit Suisse bullish on UK equities as no-deal chances fade

Credit Suisse has turned bullish on UK stocks, especially those

Published 15 Sep, 2019 12:00am

Egypt plans up to $7 billion in bonds in 2019-20

Egypt intends to issue international bonds worth $3 billion to $7 billion in the 2019-2020 financial year, Finance Minister Mohamed Maait said on Monday.

Published 15 Sep, 2019 12:00am

Egypt plans up to $7 billion in bonds in 2019-20

Egypt intends to issue international bonds worth $3 billion to $7 billion in the 2019-2020 financial year, Finance Minister Mohamed Maait said on Monday.

Published 15 Sep, 2019 12:00am

US stocks favoured as bond buying spree slows

US equity funds attracted $17.1 billion last week, pulling pulled cash from government bonds, Bank of America Merrill Lynch said on Friday, as investors turned to riskier assets amid hopes for a US-China trade truce and central bank rate cuts.

Published 15 Sep, 2019 12:00am

Huawei plans first onshore bonds

Huawei Technologies plans to issue two tranches of bonds worth 3 billion yuan ($422 million) each, the first time it is tapping the onshore yuan bond market, the Chinese technology giant said in regulatory filings on Wednesday.

Published 15 Sep, 2019 12:00am

Huawei plans first onshore bonds

Huawei Technologies plans to issue two tranches of bonds worth 3 billion yuan ($422 million) each, the first time it is tapping the onshore yuan bond market, the Chinese technology giant said in regulatory filings on Wednesday.

Published 15 Sep, 2019 12:00am

WeWork considers dramatic valuation cut in IPO

WeWork owner The We Company may seek a valuation in its upcoming initial public offering of between $10 billion and $12 billion, a dramatic discount to the $47 billion valuation it achieved in January, people familiar with the matter said on Friday.

Published 15 Sep, 2019 12:00am

Exchange

US natural gas futures turn slightly positive

US natural gas futures on Thursday turned slightly positive following the release of a government report showing a smaller-than-expected storage build. The US Energy Information Administration (EIA) said utilities added 78 billion cubic feet (bcf) of gas

Published 15 Sep, 2019 12:00am

Currency	Rate
USD PKR Interbank Selling / May 9	281.75
USD PKR Interbank Buying / May 9	281.50
USD to Japanese Yen / May 9	145.37
USD to Swiss Franc / May 9	0.83
Pound Sterling to USD / May 9	1.33
Euro to USD / May 9	1.12
UK LIBOR % / May 9	4.96

Stock	Volume
S&P 500 / May 9	5,659.91
India Sensex / May 9	79,454.47
Tokyo Nikkei / May 9	37,503.33
Nasdaq / May 9	17,928.92
Hang Seng / May 9	22,867.74
FTSE 100 / May 9	8,554.80
Dow Jones / May 9	41,249.38
Germany DAX 30 / May 9	23,499.32
France CAC40 / May 9	7,743.75

Item	Value
Crude Oil USD/Barrel / May 9	61.02
Karachi Cotton PKR/37.32 KG / May 9	16,985
Gold 10 Grams PKR / May 9	300,840
Gold Spot USD/Ounce / May 9	3,324.98
Cotton US¢/pound / May 9	66.61
Petrol/Litre / May 11	252.63
Diesel/Litre / May 11	256.64

Stock	Price
First AL-Noor Mod. / May 9 First Al-Noor Modaraba(FANM)	3 ▲ 0.67 (28.76%)
Premier Insurance / May 9 Premier Insurance Limited(PINL)	5.15 ▲ 0.72 (16.25%)
Escorts Bank / May 9 Escorts Investment Bank Limited(ESBL)	5.98 ▲ 0.83 (16.12%)
Parmount Sp. / May 9 Paramount Spinning Mills Limited(PASM)	3.22 ▲ 0.41 (14.59%)
UDL International / May 9 UDL International Limited(UDLI)	7.10 ▲ 0.85 (13.6%)
Abdullah Shah / May 9 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	5.44 ▲ 0.65 (13.57%)
Chenab Ltd (Pref) / May 9 Chenab Limited (Pref)(CLCPS)	2.05 ▲ 0.23 (12.64%)
LSE Capital / May 9 LSE Capital Limited(LSECL)	4.39 ▲ 0.48 (12.28%)
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	6.42 ▲ 0.7 (12.24%)
D.S. Ind. Ltd. / May 9 D.S. Industries Limited(DSIL)	3.90 ▲ 0.41 (11.75%)

Stock	Price
Cyan Limited / May 9 Cyan Limited(CYAN)	27.05 ▼ -5.03 (-15.68%)
Burj Clean Energy Modaraba / May 9 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.11 ▼ -1 (-12.33%)
Universal Ins. / May 9 The Universal Insurance Company Limited(UVIC)	8.25 ▼ -1 (-10.81%)
Sally Textile / May 9 Sally Textile Mills Limited(SLYT)	7.14 ▼ -0.86 (-10.75%)
Jubilee Spinning / May 9 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	8.43 ▼ -0.95 (-10.13%)
At-Tahur Ltd. / May 9 At-Tahur Limited(PREMA)	42.57 ▼ -4.73 (-10%)
Khyber Tobacco / May 9 Khyber Tobacco Company Limited(KHTC)	342.26 ▼ -38.03 (-10%)
Dewan Mushtaq / May 9 Dewan Mushtaq Textile Mills Limited(DMTM)	9.29 ▼ -1.03 (-9.98%)
PIA Holding Co.Ltd / May 9 PIA Holding Company Limited(PIAHCLA)	12.23 ▼ -1.35 (-9.94%)
First Elite Cap.Mod / May 9 First Elite Capital Modaraba(FECM)	18.44 ▼ -2 (-9.78%)

Stock	Volume
WorldCall Telecom / May 9 Worldcall Telecom Limited(WTL)	47,087,025 ▲ 0.06
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	33,590,475 ▲ 0.7
Sui South Gas / May 9 Sui Southern Gas Company Limited(SSGC)	29,288,646 ▼ -1.53
B.O.Punjab / May 9 The Bank of Punjab(BOP)	18,310,598 ▲ 0.44
Pak Refinery / May 9 Pakistan Refinery Limited(PRL)	15,347,121 ▲ 0.3
PIA Holding Co.Ltd / May 9 PIA Holding Company Limited(PIAHCLA)	14,961,675 ▼ -1.35
Sui North Gas / May 9 Sui Northern Gas Pipelines Limited(SNGP)	14,847,660 ▲ 5.69
K-Electric Ltd. / May 9 K-Electric Limited(KEL)	14,463,181 ▲ 0.09
Maple Leaf Cement / May 9 Maple Leaf Cement Factory Limited(MLCF)	13,544,491 ▲ 2.45
Kohinoor Spining / May 9 Kohinoor Spinning Mills Limited(KOSM)	13,517,642 ▲ 0.05

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