News Archives for Print - 2019-09-16

Ministry pursuing international gas pipeline projects to meet energy needs

The Petroleum Division of Ministry of Energy was aggressively pursuing the international gas pipeline projects to meet the energy needs of the country. The Turkmenistan-Afghanistan-Pakistan-India (TAPI) Gas Pipeline Project and North South Gas Pipeline Pr

Published 16 Sep, 2019 12:00am

Ex-health department employees: PMA KP demands release of pensions, arrears

The Pakistan Medical Association (PMA) Khyber Pakhtunkhwa chapter has demanded of the government to immediately release pensions and arrears to health departmentâ€(tm)s retired employees, professors, and doctors, otherwise threatened to launch a protest c

Published 16 Sep, 2019 12:00am

World Democracy Day guarantees stability of country: Zardari

Former President of Pakistan and President Pakistan Peoples Party Parliamentarians Asif Ali Zardari has said that democracy guarantees the stability of the country. Asif Ali Zardari in his message on World Democracy Day said an empowered parliament is the

Published 16 Sep, 2019 12:00am

World Democracy Day: only democracy nurtures deep-rooted freedom of expression: Sanjrani

Chairman Senate Muhammad Sadiq Sanjrani in his message on International Day of Democracy on Sunday, said democratic dispensation was not only pivotal to rule of law and basic human rights, but it was also a precursor and catalyst of sustainable peace and

Published 16 Sep, 2019 12:00am

Government attacking the 18th amendment: Dharejo

Provincial Minister for Industries and Commerce Jam Ikramullah Dharejo has said that a committee should be constituted to teach the interpretation of Article 149 to the selected Prime Minister and other Cabinet members, including Farooq Naseem, who are un

Published 16 Sep, 2019 12:00am

Mayor assures to resolve issues of Narainpura residents

Mayor Karachi Wasim Akhtar on Sunday paid a visit to Narainpura - the most religiously diverse neighborhood of the Saddar Town - to review sanitary conditions of its 13 blocks. Mayor went to worship places of Christian, Hindu, and Sikh communities in Nara

Published 16 Sep, 2019 12:00am

Police thrash protesting teachers

Police on Sunday charged the protesting government teachers with batons after their attempt to enter into Red Zone near Karachi Press Club. The teachers appointed on contract, stage a protest demonstration outside the KPC demanding that their job be made

Published 16 Sep, 2019 12:00am

Rise in dengue cases: health experts warn against self-medication

Medical practitioners on Sunday advised the residents of federal capital to avoid self-medication in case of having dengue symptoms of fever, body aches, joint pain and vomiting. According to spokesman Pakistan Institute of Medical Sciences (PIMS) Dr Wasi

Published 16 Sep, 2019 12:00am

KP government allocates Rs 200 million for new industrial estate

Khyber Pakhtunkhwa (KP) government has allocated a budget of Rs200 million in its annual development programme (ADP) for establishment of new industrial estate in the provincial capital. In a statement issued here, a spokesman of the Small Industries Deve

Published 16 Sep, 2019 12:00am

Sindh government closely monitoring Ghotki situation: Saeed

Sindh Minister for Information & Archives and Labour Saeed Ghani in a statement on Sunday expressed his gratitude to the religious scholars and representatives of the Hindu community of Ghotki for playing their active role in calming people down after an

Published 16 Sep, 2019 12:00am

Pesco holds open Kutcheries across KP

Peshawar Electric Supply Company (Pesco) officials on Sunday held open forums (Kutcheries) for the redressal of public complaints across Khyber Pakhtunkhwa. On the directions of Chief Executive Pesco Engineer Dr Muhammad Amjad Khan open katchries are bein

Published 16 Sep, 2019 12:00am

CNG stations to remain closed for three days

Compressed Natural Gas (CNG) filling stations will remain closed across Sindh alternatively for three days in the coming week from today (Monday). According to a schedule issued by the Sui Southern Gas Company (SSGC), CNG supply will remain suspended for

Published 16 Sep, 2019 12:00am

'Afghan peace deal on the skids'

In his latest contribution to this newspaper titled "Afghan peace deal on the skids", Rashed Rahman has articulated a highly informed argument on the Afghan conundrum. According to him, "The inherent problem with the US approach to a negotiated settlement

Updated 16 Sep, 2019 08:59am

Saudi Arabia battles market jitters after oil plant attacks

Saudi energy giant Aramco is battling to reassure markets after devastating attacks on two oil plants, where a prolonged shutdown risks roiling investor confidence ahead of the state-owned giant's mega stock listing, analysts say. A wave of drones struck

Updated 16 Sep, 2019 08:34am

Politics and peace

Expect the expected. That was the expectation from US/Taliban Peace talks. They became highly un-peaceful and as a consequence they stopped talking. Amidst high flying expectations of a deal to be signed any moment, the talks have been called off via the

Updated 16 Sep, 2019 08:26am

Cotton

PTI's farm and housing policy

Prime Minister Imran Khan's farm policy announced by Jehangir Tareen flanked by the relevant minister is to increase output through raising the yield per hectare, considerably lower than in India, while his signature poverty alleviation programme envisage

Updated 16 Sep, 2019 07:33am

CJP's concerns

In his speech at the opening ceremony of the new judicial year 2019-20 on September 11, 2019, Chief Justice of Pakistan (CJP) Asif Saeed Khan Khosa made some pertinent and thought-provoking comments on national affairs. First and foremost, the CJP warned

Updated 17 Sep, 2019 06:42am

Tax anomalies in SEZs

Investors establishing their industries in Special Economic Zone (SEZs) are highly upset over the change in tax treatment by the government. In a meeting with Advisor to the Prime Minister on Commerce, Textile, Industries, Production and Investment, Razak

Updated 17 Sep, 2019 06:42am

South Africa dispatches emissaries to calm xenophobia fears

South African President Cyril Ramaphosa has sent high-ranking emissaries on a mission to reassure African countries after a wave of xenophobic attacks, the presidency said on Sunday. At least 12 people have been killed in the surge of mob violence targeti

Published 16 Sep, 2019 12:00am

South Africa dispatches emissaries to calm xenophobia fears

South African President Cyril Ramaphosa has sent high-ranking emissaries on a mission to reassure African countries after a wave of xenophobic attacks, the presidency said on Sunday. At least 12 people have been killed in the surge of mob violence targeti

Published 16 Sep, 2019 12:00am

GM auto workers call strike in US

The United Auto Workers union called a nationwide strike against General Motors Sunday, with some 46,000 members set to walk off the job beginning at midnight amid an impasse in contract talks. The decision, which the Wall Street Journal described as the

Published 16 Sep, 2019 12:00am

GM auto workers call strike in US

The United Auto Workers union called a nationwide strike against General Motors Sunday, with some 46,000 members set to walk off the job beginning at midnight amid an impasse in contract talks. The decision, which the Wall Street Journal described as the

Published 16 Sep, 2019 12:00am

Five-member Egyptian team arrives

A five-member Egyptian delegation comprising intellectuals and university professors has arrived in Pakistan on a seven-day visit. The delegation led by Professor Dr Ibrahim Mohamed Ibrahim from Al-Azhar University comprises PhD scholar Badria Mohamed Ahm

Published 16 Sep, 2019 12:00am

Five-member Egyptian team arrives

A five-member Egyptian delegation comprising intellectuals and university professors has arrived in Pakistan on a seven-day visit. The delegation led by Professor Dr Ibrahim Mohamed Ibrahim from Al-Azhar University comprises PhD scholar Badria Mohamed Ahm

Published 16 Sep, 2019 12:00am

Trump may meet Iran leader despite Saudi attacks

The White House said on Sunday President Donald Trump may still meet his Iranian counterpart Hassan Rouhani, despite the US accusing Iran of masterminding drone attacks on Saudi Arabian oil facilities. White House counselor Kellyanne Conway did not rule o

Published 16 Sep, 2019 12:00am

Trump may meet Iran leader despite Saudi attacks

The White House said on Sunday President Donald Trump may still meet his Iranian counterpart Hassan Rouhani, despite the US accusing Iran of masterminding drone attacks on Saudi Arabian oil facilities. White House counselor Kellyanne Conway did not rule o

Published 16 Sep, 2019 12:00am

Karoui, Saied claim victory in Tunisia polls

Independent candidate Kais Saied and the party of jailed media magnate Nabil Karoui claimed Sunday to have won through to the second round of Tunisia's presidential election. "Nabil Karoui is in the second round", an official from his Qalb Tounes party to

Published 16 Sep, 2019 12:00am

Karoui, Saied claim victory in Tunisia polls

Independent candidate Kais Saied and the party of jailed media magnate Nabil Karoui claimed Sunday to have won through to the second round of Tunisia's presidential election. "Nabil Karoui is in the second round", an official from his Qalb Tounes party to

Published 16 Sep, 2019 12:00am

Protests over alleged blasphemy incident

Law and order situation of Ghotki and surrounding areas was badly disturbed on Sunday as people in large numbers took to the streets to protest against an alleged incident of blasphemy. The protests began on Saturday after a first information report (FIR)

Published 16 Sep, 2019 12:00am

Protests over alleged blasphemy incident

Law and order situation of Ghotki and surrounding areas was badly disturbed on Sunday as people in large numbers took to the streets to protest against an alleged incident of blasphemy. The protests began on Saturday after a first information report (FIR)

Published 16 Sep, 2019 12:00am

In first, Iraq signs deal to plug into Gulf power grid

Iraq on Sunday signed a landmark deal with the Gulf Cooperation Council for a transmission line that would import 500 magawatts of electricity to its overstretched grid by 2020. The 300-kilometre (200-mile) transmission line would run from Kuwait to Iraq'

Published 16 Sep, 2019 12:00am

In first, Iraq signs deal to plug into Gulf power grid

Iraq on Sunday signed a landmark deal with the Gulf Cooperation Council for a transmission line that would import 500 magawatts of electricity to its overstretched grid by 2020. The 300-kilometre (200-mile) transmission line would run from Kuwait to Iraq'

Published 16 Sep, 2019 12:00am

Large forest fire blazing near Athens

More than 160 firefighters on Sunday battled to contain a large fire near Athens blazing for a second day amid gale force winds, officials said. And in another emergency, authorities evacuated dozens of people from two villages and a hotel on the island o

Published 16 Sep, 2019 12:00am

Government decides to sell off 20 percent SLIC stake

The federal government has decided to sell off 20 percent stake in Sate Life Insurance Corporation (SLIC) sans management control, well-informed sources in Finance Division told Business Recorder.

Published 16 Sep, 2019 12:00am

Government decides to sell off 20 percent SLIC stake

The federal government has decided to sell off 20 percent stake in Sate Life Insurance Corporation (SLIC) sans management control, well-informed sources in Finance Division told Business Recorder.

Published 16 Sep, 2019 12:00am

OIC ministers condemn strike on Saudi oil network

Foreign ministers of the Organisation of Islamic Cooperation on Sunday condemned a drone attack against Saudi Arabia's oil infrastructure which the US has blamed on Iran. The Tehran-backed Huthi rebels in neighbouring Yemen, where a Saudi-led coalition is

Published 16 Sep, 2019 12:00am

OIC ministers condemn strike on Saudi oil network

Foreign ministers of the Organisation of Islamic Cooperation on Sunday condemned a drone attack against Saudi Arabia's oil infrastructure which the US has blamed on Iran. The Tehran-backed Huthi rebels in neighbouring Yemen, where a Saudi-led coalition is

Published 16 Sep, 2019 12:00am

Iran rejects US claim, says ready for war

Iran dismissed accusations by the United States that it was behind attacks on Saudi oil plants that risk disrupting global energy supplies and warned on Sunday that US bases and aircraft carriers in the region were in range of its missiles. Yemen's Houthi

Published 16 Sep, 2019 12:00am

Iran rejects US claim, says ready for war

Iran dismissed accusations by the United States that it was behind attacks on Saudi oil plants that risk disrupting global energy supplies and warned on Sunday that US bases and aircraft carriers in the region were in range of its missiles. Yemen's Houthi

Published 16 Sep, 2019 12:00am

Oil price could soar to $100/barrel

The oil market will rally by $5-10 per barrel when it opens on Monday and may spike to as high as $100 per barrel if Saudi Arabia fails to quickly resume oil supply lost after attacks over the weekend, traders and analysts said. Attacks on two plants at t

Published 16 Sep, 2019 12:00am

Oil price could soar to $100/barrel

The oil market will rally by $5-10 per barrel when it opens on Monday and may spike to as high as $100 per barrel if Saudi Arabia fails to quickly resume oil supply lost after attacks over the weekend, traders and analysts said. Attacks on two plants at t

Published 16 Sep, 2019 12:00am

Futures spread down by 929 basis points

The futures spread declined by 929bps to stand at negative 10.67 percent on the last day of the outgoing week. Trading activities on the futures counter also improved significantly as average daily volumes increased by 38.3 percent to 73.08 million shares

Published 16 Sep, 2019 12:00am

Futures spread down by 929 basis points

The futures spread declined by 929bps to stand at negative 10.67 percent on the last day of the outgoing week. Trading activities on the futures counter also improved significantly as average daily volumes increased by 38.3 percent to 73.08 million shares

Published 16 Sep, 2019 12:00am

Exchange

Bullish trend witnessed

Pakistan Stock Exchange witnessed bullish trend during the second consecutive week on the back of healthy buying in almost all sectors. BRIndex100 gained 129.24 points on week-on-week basis to close at 3,297.04 points. Average daily trading volumes stood

Published 16 Sep, 2019 12:00am

Exchange

Bullish trend witnessed

Pakistan Stock Exchange witnessed bullish trend during the second consecutive week on the back of healthy buying in almost all sectors. BRIndex100 gained 129.24 points on week-on-week basis to close at 3,297.04 points. Average daily trading volumes stood

Published 16 Sep, 2019 12:00am

Exchange

Bullish trend witnessed

Pakistan Stock Exchange witnessed bullish trend during the second consecutive week on the back of healthy buying in almost all sectors. BRIndex100 gained 129.24 points on week-on-week basis to close at 3,297.04 points. Average daily trading volumes stood

Published 16 Sep, 2019 12:00am

Two Afghan Taliban shadow governors killed as air strikes step up

Afghan security forces, backed by US air strikes, killed two of the movement's shadow provincial governors on Sunday, as fighting stepped up in the wake of the collapse of talks aimed at ending the conflict, officials said. The operations, launched on Sat

Published 16 Sep, 2019 12:00am

Two Afghan Taliban shadow governors killed as air strikes step up

Afghan security forces, backed by US air strikes, killed two of the movement's shadow provincial governors on Sunday, as fighting stepped up in the wake of the collapse of talks aimed at ending the conflict, officials said. The operations, launched on Sat

Published 16 Sep, 2019 12:00am

Special procedures: FBR hasn't fully addressed ST issues of various sectors

The Federal Board of Revenue (FBR) has not fully addressed sales tax issues of sectors operating under special procedures particularly steel sector despite passage of over two and half months since introduction of budgetary changes of financial year 2019-

Published 16 Sep, 2019 12:00am

Special procedures: FBR hasn't fully addressed ST issues of various sectors

The Federal Board of Revenue (FBR) has not fully addressed sales tax issues of sectors operating under special procedures particularly steel sector despite passage of over two and half months since introduction of budgetary changes of financial year 2019-

Published 16 Sep, 2019 12:00am

Gwadar Port and Gwadar Free Zone: FBR accused of backing out from agreed incentives

Ministry of Maritime Affairs (MoMA) has accused Federal Board of Revenue (FBR) of backing out from agreed incentives for Gwadar Port and Gwadar Free Zone, two key projects of China Pakistan Economic Corridor (CPEC), sources close to Minister for Maritime

Published 16 Sep, 2019 12:00am

Gwadar Port and Gwadar Free Zone: FBR accused of backing out from agreed incentives

Ministry of Maritime Affairs (MoMA) has accused Federal Board of Revenue (FBR) of backing out from agreed incentives for Gwadar Port and Gwadar Free Zone, two key projects of China Pakistan Economic Corridor (CPEC), sources close to Minister for Maritime

Published 16 Sep, 2019 12:00am

Gwadar Port and Gwadar Free Zone: FBR accused of backing out from agreed incentives

Ministry of Maritime Affairs (MoMA) has accused Federal Board of Revenue (FBR) of backing out from agreed incentives for Gwadar Port and Gwadar Free Zone, two key projects of China Pakistan Economic Corridor (CPEC), sources close to Minister for Maritime

Updated 18 Sep, 2019 10:50am

Rs five billion additional revenue received: Shabbar

Chairman Federal Board of Revenue (FBR) Shabbar Zaidi said Sunday that the FBR has received an additional revenue of Rs 5 billion from increased number of 0.6 million income tax returns filed for the tax year 2018. During the press conference held here on

Published 16 Sep, 2019 12:00am

Rs five billion additional revenue received: Shabbar

Chairman Federal Board of Revenue (FBR) Shabbar Zaidi said Sunday that the FBR has received an additional revenue of Rs 5 billion from increased number of 0.6 million income tax returns filed for the tax year 2018. During the press conference held here on

Published 16 Sep, 2019 12:00am

Exchange

Economy now on path to stability, says Hafeez

Adviser to Prime Minister on Finance Dr Abdul Hafeez on Sunday maintained that the Pakistan's economy is on path to stability after recovering from crises and the government is now in a position to deliver on the expectation of the people. Speaking at a p

Published 16 Sep, 2019 12:00am

Exchange

Economy now on path to stability, says Hafeez

Adviser to Prime Minister on Finance Dr Abdul Hafeez on Sunday maintained that the Pakistan's economy is on path to stability after recovering from crises and the government is now in a position to deliver on the expectation of the people. Speaking at a p

Published 16 Sep, 2019 12:00am

Exchange

THE RUPEE: stable trend

The rupee maintained a firm trend against the dollar on the money market during the week, ended on Sept 14, 2019. The rupee was firm versus the dollar for buying and selling at Rs 156.25 and Rs 156.28.

Published 16 Sep, 2019 12:00am

Exchange

THE RUPEE: stable trend

The rupee maintained a firm trend against the dollar on the money market during the week, ended on Sept 14, 2019. The rupee was firm versus the dollar for buying and selling at Rs 156.25 and Rs 156.28.

Published 16 Sep, 2019 12:00am

Protests mount in IoK clampdown

Indian occupied Kashmir has seen an average of nearly 20 protests per day against Indian rule over the last six weeks despite a security lockdown to quell unrest, a senior government source told AFP. Tensions remain high in the disputed Himalayan region a

Published 16 Sep, 2019 12:00am

Protests mount in IoK clampdown

Indian occupied Kashmir has seen an average of nearly 20 protests per day against Indian rule over the last six weeks despite a security lockdown to quell unrest, a senior government source told AFP. Tensions remain high in the disputed Himalayan region a

Published 16 Sep, 2019 12:00am

The Weather

The weather report on Sunday (September 15, 2019) and the forecast for Monday (September 16, 2019).

Updated 16 Sep, 2019 07:11am

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.

Updated 16 Sep, 2019 07:17am

Exchange

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (September 11 to 13, 2019).

Updated 16 Sep, 2019 07:23am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 16 Sep, 2019 12:00am

Blame game as wheels come off India's auto sector

When India's Finance Minister Nirmala Sitharaman claimed that a preference by millennials for ride-hailing apps was contributing to a painful slump in car sales, it sparked an online backlash from furious youngsters.

Published 16 Sep, 2019 12:00am

UAE regulator not optimistic on Boeing 737 MAX return this year

The head of the United Arab Emirates' General Civil Aviation Authority said on Sunday he was not optimistic that the Boeing 737 MAX would return to operations this year and that the first quarter of 2020 was more likely.

Published 16 Sep, 2019 12:00am

Climate protesters tell carmakers 'the party is over'

Thousands of protesters marched in front of Frankfurt's IAA car show on Saturday to demand a swift end to combustion engines and a shift to environmentally friendly vehicles as Chancellor Angela Merkel's government prepares to unveil climate protection me

Published 16 Sep, 2019 12:00am

Bolivia, with huge untapped reserves, gears up for soaring lithium demand

Over 3,600 meters above sea level on the blinding white plain of the world's largest salt flat, landlocked Bolivia is dramatically ramping up production of lithium to cope with soaring global demand for the prized electric-battery metal.

Published 16 Sep, 2019 12:00am

Egypt's economy to grow by 8 percent annually by 2022

Egypt expects its economy to grow by an annual rate of 8% by 2022 as the government improves the investment climate, Prime Minister Mostafa Madbouly said on Sunday.

Published 16 Sep, 2019 12:00am

Exchange

After LSE's sharp rebuff, HKEX begins investor charm offensive

Hong Kong Exchanges and Clearing is embarking on a three-week charm offensive with London Stock Exchange investors as the Asian trading house tries to salvage its proposed $39 billion takeover offer.

Published 16 Sep, 2019 12:00am

Fed trades 'remarkably positive' for 'no precedents' after volatile year

A year ago, US Federal Reserve Chair Jerome Powell held a "remarkably positive outlook" for an economy enjoying a "historically rare" combination of good news including low unemployment, steady inflation and strong growth that were all expected to continu

Published 16 Sep, 2019 12:00am

Air conditioning for all? Hotter world faces risk of 'cooling poverty'

As climate change brings more frequent and extreme heatwaves around the world, demand for air conditioners is soaring, with 10 new units sold every second on average - but the poor may be left to swelter, said a University of Oxford researcher. By 2050, e

Published 16 Sep, 2019 12:00am

Malaria can be eradicated by 2050: global experts

Malaria can be eradicated within a generation, global health experts have said. In a major report on Sunday, 41 specialists said a future free of malaria - one of the world's oldest and deadliest diseases - can be achieved as early as 2050. This contradic

Published 16 Sep, 2019 12:00am

PTSD linked to increased risk of ovarian cancer

Women who exhibit many classic symptoms of post-traumatic stress disorder (PTSD) may be much more likely to develop ovarian cancer than their counterparts who don't, a new study suggests. For the study, researchers asked women to identify the most stressf

Published 16 Sep, 2019 12:00am

World must adapt to 'inevitable' climate change, warns report

Nations rich and poor must invest now to protect against destructive climate change impacts already in the pipeline or pay an even heavier price later, a global commission led by former UN head Ban Ki-moon warned on Tuesday. Spending $1.8 trillion across

Published 16 Sep, 2019 12:00am

Security report on iPhone hack created 'false impression': Apple

Apple hit back Friday at a Google research report suggesting iPhones may have been targeted by a long-running hacking operation, calling it inaccurate and misleading. Apple spokesman Fred Sainz said in a statement the research released by Google created a

Published 16 Sep, 2019 12:00am

New iPhones woo users to Apple television and games

Apple on Tuesday played to its strengths with powerful new iPhone and iPad models able to serve as stages for its new game and television services. The Silicon Valley titan added into the mix a new-generation Apple Watch that can tell when a place it gett

Published 16 Sep, 2019 12:00am

High spectrum prices leave millions unconnected: GSMA report

The negative impacts of high spectrum prices on consumers can no longer be disputed, according to a new report released today by the GSMA at ITU Telecom World 2019. The GSMA report titled, 'The Impact of Spectrum Prices on Consumers' confirms that countri

Published 16 Sep, 2019 12:00am

Google to promote original reporting with algorithm change

Original reporting will be highlighted in Google's search results, the company said as it announced changes to its algorithm. The world's largest search engine has come under increasing criticism from media outlets, mainly because of its algorithms - a se

Published 16 Sep, 2019 12:00am

Currency

Zara owner Inditex disappoints on profit margin

The world's biggest fashion retailer, Inditex, on Wednesday reported weaker-than-expected growth in profit margins in the first half of the year, knocking its shares lower. The disappointing margin growth overshadowed strong growth in sales in the first h

Published 16 Sep, 2019 12:00am

Currency

Zara owner Inditex disappoints on profit margin

The world's biggest fashion retailer, Inditex, on Wednesday reported weaker-than-expected growth in profit margins in the first half of the year, knocking its shares lower. The disappointing margin growth overshadowed strong growth in sales in the first h

Published 16 Sep, 2019 12:00am

Amazon bets big on India with mega-office

With 49 elevators moving a floor per second and zumba classes for its more than 15,000 employees, Amazon's new Indian headquarters, its biggest building globally, matches its ambitions in a vast but challenging market. The US retail giant launched its fir

Published 16 Sep, 2019 12:00am

Nissan's Saikawa, to quit as CEO on September 16, says automaker

Nissan Motor Co CEO Hiroto Saikawa will resign on September 16, the automaker said on Monday, bowing to pressure after he admitted to being improperly overpaid and marking further upheaval at a company battered by scandal and plunging profit. Saikawa, who

Published 16 Sep, 2019 12:00am

HSBC seeks to reassure staff after report of retail business sale

Management of HSBC in France on Thursday denied a media report that it plans to sell underperforming retail banking operations in the country, a union source told Reuters, as it tried to reassure 8,000 local staff. The Wall Street Journal report on Wednes

Published 16 Sep, 2019 12:00am

HSBC seeks to reassure staff after report of retail business sale

Management of HSBC in France on Thursday denied a media report that it plans to sell underperforming retail banking operations in the country, a union source told Reuters, as it tried to reassure 8,000 local staff. The Wall Street Journal report on Wednes

Published 16 Sep, 2019 12:00am

'Siemens plans to list energy unit by around September next year'

Siemens plans to list its energy unit by around September next year, the head of its gas and power division said on Tuesday. The German conglomerate said in May that it was spinning off its gas and power business, which has dragged on the German engineeri

Published 16 Sep, 2019 12:00am

Yahoo Japan offers to buy control of Zozo for $3.7 billion

Yahoo Japan Corp said on Thursday it aims to buy 50.1 percent online fashion retailer Zozo Inc for about 400 billion yen ($3.70 billion), joining forces to better compete with rivals such as Amazon.com Inc and Rakuten Inc. Zozo founder Yusaku Maezawa will

Published 16 Sep, 2019 12:00am

Fed research estimates $200 billion hit to US GDP by 2020 from trade war

High on hopes of never-ending central bank stimulus and desperate for clarity on the size and timing of their next fix, financial markets look like they are being walked back from the more aggressive bets by officials wary of excessive exuberance. Bond yi

Published 16 Sep, 2019 12:00am

Novartis CEO promises to speed data integrity disclosures

Novartis Chief Executive Vas Narasimhan, facing an uproar over data manipulation involving $2.1 million gene therapy Zolgensma, pledged on Monday to tell regulators quickly if credible questions emerge in future over data integrity. Novartis has said it k

Published 16 Sep, 2019 12:00am

Exchange

Saudi Aramco gives nine banks top roles on world's biggest IPO

Saudi Aramco has hired nine banks as joint global coordinators to lead its planned initial public offering (IPO), slated to be the world's largest, two sources familiar with the matter told Reuters on Wednesday. The mandates have been heavily sought by th

Published 16 Sep, 2019 12:00am

Exchange

Saudi Aramco gives nine banks top roles on world's biggest IPO

Saudi Aramco has hired nine banks as joint global coordinators to lead its planned initial public offering (IPO), slated to be the world's largest, two sources familiar with the matter told Reuters on Wednesday. The mandates have been heavily sought by th

Published 16 Sep, 2019 12:00am

Exchange

Technology hands start ups key to $5.1 trillion FX market

More than five years since global foreign exchange (FX) trading was tainted by a rigging scandal, a handful of banks are more dominant than ever and show no sign of weakening their grip on the $5.1 trillion-a-day electronic market. But below the radar a n

Published 16 Sep, 2019 12:00am

Exchange

Mexico peso faces difficult times

Mexico's peso is falling victim to increasing global trade tensions and will likely struggle in the near future, only a few months after the currency was spared from the impact of direct US tariffs, a Reuters poll showed. The peso is expected to trade at

Published 16 Sep, 2019 12:00am

Emerging markets hit by worst outflows since Trump election: IIF

Investors have pulled $13.8 billion from emerging markets so far in August, the most since Donald Trump's US Presidential election win in November 2016, Institute of International Finance data showed on Thursday. "The resurgence of the trade conflict, com

Published 16 Sep, 2019 12:00am

Emerging markets hit by worst outflows since Trump election: IIF

Investors have pulled $13.8 billion from emerging markets so far in August, the most since Donald Trump's US Presidential election win in November 2016, Institute of International Finance data showed on Thursday. "The resurgence of the trade conflict, com

Published 16 Sep, 2019 12:00am

Saudi index leads Gulf lower after attacks on oil plants

Saudi Arabian stocks dropped on Sunday with banking and petrochemical shares taking the biggest hit after attacks on two key Saudi oil plants a day earlier knocked out more than half of Saudi crude output. The drone attacks, which were claimed by Yemen's

Published 16 Sep, 2019 12:00am

Exchange

Helios Towers revives London listing plans

African mobile networks operator Helios Towers plans to list in London, the company said on Thursday, after ditching plans for an initial public offering (IPO) last year which was expected to value the company at two billion pounds ($2.47 billion). Helios

Published 16 Sep, 2019 12:00am

US money fund assets grow to highest since October 2009

US money market fund assets have hit their highest level since October 2009, as investors piled more cash into these low-risk products despite a lessening of concerns about US-China trade tensions, a private report released on Wednesday said. Assets of mo

Published 16 Sep, 2019 12:00am

US money fund assets grow to highest since October 2009

US money market fund assets have hit their highest level since October 2009, as investors piled more cash into these low-risk products despite a lessening of concerns about US-China trade tensions, a private report released on Wednesday said. Assets of mo

Published 16 Sep, 2019 12:00am

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 23	252.10

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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