News Archives for Print - 2019-09-23

IPPs: approval of LDs waiver to be re-evaluated

Advisor to the Prime Minister on Finance Dr Abdul Hafeez Shaikh is to reconsider his approval given at the CCoE (Cabinet Committee on Energy) forum in the ECC - both chaired by Shaikh - to extend billions of rupees benefit to Independent Power Producers (

Published 23 Sep, 2019 12:00am

IPPs: approval of LDs waiver to be re-evaluated

Advisor to the Prime Minister on Finance Dr Abdul Hafeez Shaikh is to reconsider his approval given at the CCoE (Cabinet Committee on Energy) forum in the ECC - both chaired by Shaikh - to extend billions of rupees benefit to Independent Power Producers (

Published 23 Sep, 2019 12:00am

Over 40 task forces yet to deliver substantively

The Pakistan Tehreek-e-Insaf (PTI) government formed over 40 task forces soon after it took over power on August 18, 2018, that were mandated to achieve the targets of development and reforms set out by the federal government but it is unclear whether any

Published 23 Sep, 2019 12:00am

Over 40 task forces yet to deliver substantively

The Pakistan Tehreek-e-Insaf (PTI) government formed over 40 task forces soon after it took over power on August 18, 2018, that were mandated to achieve the targets of development and reforms set out by the federal government but it is unclear whether any

Published 23 Sep, 2019 12:00am

Exchange

Active sell-off list: PC obtains nod for OGDCL, PPL inclusion

Privatisation Commission has reportedly obtained nod of Special Assistant to Prime Minister on Energy, Nadeem Babar for inclusion of OGDCL and PPL in active privatisation list instead of waiting for input from Minister for Power and Petroleum, Omar Ayub a

Published 23 Sep, 2019 12:00am

Exchange

Active sell-off list: PC obtains nod for OGDCL, PPL inclusion

Privatisation Commission has reportedly obtained nod of Special Assistant to Prime Minister on Energy, Nadeem Babar for inclusion of OGDCL and PPL in active privatisation list instead of waiting for input from Minister for Power and Petroleum, Omar Ayub a

Published 23 Sep, 2019 12:00am

Saudi Arabia wants action against Iran

Saudi Arabia will seek to make a case at a global gathering in New York this week for concerted action to punish and deter arch-foe Iran after strikes on Saudi oil plants rattled global markets and exposed the kingdom's vulnerability to attack.

Published 23 Sep, 2019 12:00am

Saudi Arabia wants action against Iran

Saudi Arabia will seek to make a case at a global gathering in New York this week for concerted action to punish and deter arch-foe Iran after strikes on Saudi oil plants rattled global markets and exposed the kingdom's vulnerability to attack.

Published 23 Sep, 2019 12:00am

Currency

THE RUPEE: modest gains

The rupee posted modest gains versus the dollar in the inter-bank market while, it showed no variation in the open market during the week, ended on Sept 21, 2019. The rupee recovered modestly versus the dollar for buying and selling at Rs 156.05 and Rs 15

Published 23 Sep, 2019 12:00am

Currency

THE RUPEE: modest gains

The rupee posted modest gains versus the dollar in the inter-bank market while, it showed no variation in the open market during the week, ended on Sept 21, 2019. The rupee recovered modestly versus the dollar for buying and selling at Rs 156.05 and Rs 15

Published 23 Sep, 2019 12:00am

Five reduced/zero rated sectors: FBR orders audit of registered persons

Federal Board of Revenue (FBR) has directed its field formation to conduct audit of the registered persons who were previously included in five reduced/zero rated sectors. According to the directions made to all chief commissioners, the administrative mea

Published 23 Sep, 2019 12:00am

Five reduced/zero rated sectors: FBR orders audit of registered persons

Federal Board of Revenue (FBR) has directed its field formation to conduct audit of the registered persons who were previously included in five reduced/zero rated sectors. According to the directions made to all chief commissioners, the administrative mea

Updated 23 Sep, 2019 11:07am

The Weather

The weather report on Sunday (September 22, 2019) and the forecast for Monday (September 23, 2019).

Updated 23 Sep, 2019 05:28am

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

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

Published 23 Sep, 2019 12:00am

Exchange

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (September 16 to 20, 2019).

Published 23 Sep, 2019 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 23 Sep, 2019 12:00am

Vettel ends long wait for victory with Singapore triumph

Ferrari's Sebastian Vettel ended his yearlong drought without a win at the Singapore Grand Prix on Sunday, mastering a hazy circuit to claim a record fifth triumph in the city-state. The German was chased home by teammate Charles Leclerc, who started on p

Published 23 Sep, 2019 12:00am

10-man Arsenal win

Ten-man Arsenal twice came from a goal down to claim a much-needed 3-2 win over Aston Villa in dramatic fashion thanks to Pierre-Emerick Aubameyang's free-kick six minutes from time at the Emirates on Sunday. The Gunners' winless run in the Premier League

Published 23 Sep, 2019 12:00am

West Ham extend away-day blues for Manchester United

West Ham inflicted more away-day pain on Manchester United on Sunday, beating Ole Gunnar Solskjaer's pedestrian team 2-0 at the London Stadium to underline the huge task the Norwegian faces. Andriy Yarmolenko's goal shortly before half-time and a wonderfu

Published 23 Sep, 2019 12:00am

Liverpool down Chelsea to extend perfect start

Trent Alexander-Arnold's thunderous strike inspired Liverpool's 2-1 win against Chelsea as the Premier League leaders moved five points clear at the top on Sunday. Jurgen Klopp's side extended their perfect start to the title race as they became the first

Published 23 Sep, 2019 12:00am

Naomi Osaka ends title drought at home Pan Pacific Open

Japan's Naomi Osaka ended an eight-month title drought by winning the Pan Pacific Open in her home city on Sunday, her first trophy since her second consecutive Grand Slam triumph at the Australian Open in January. The former world number one overwhelmed

Published 23 Sep, 2019 12:00am

Zverev clinches Europe thrilling Laver Cup win

Alexander Zverev sealed Europe a dramatic Laver Cup victory over Team World in Geneva on Sunday, as the German beat Milos Raonic in the deciding singles match. The holders trailed 11-7 midway through the final day but Zverev, after Roger Federer had edged

Published 23 Sep, 2019 12:00am

Iran 'assures' FIFA that women can attend qualifier: Infantino

FIFA president Gianni Infantino said Sunday that world football's governing body has been "assured" by Iranian authorities that women will be able to attend a World Cup qualifier in Tehran next month. FIFA had demanded Iran allow women free unlimited acce

Published 23 Sep, 2019 12:00am

Brown, Purple teams win in SBC T20 Tournament

Two matches were played in group A of Sindh Bar Council T20 tournament on Sunday at Niaz Stadium, Hyderabad. Brown team playing first scored 154 runs at the lost of 7 wickets in allotted overs. Rana Gohar (65) not out remained top scorer for the Brown tea

Published 23 Sep, 2019 12:00am

NBP post victory in Naya Nazimabad Festival Football

Naya Nazimabad Festival Football Tournament has become the talk of the town being the first floodlight football event at Naya Nazimabad. The tournament is carried on in full swing on third day with third match between National Bank of Pakistan and Footbal

Published 23 Sep, 2019 12:00am

Venus Williams crashes out of Wuhan Open

Venus Williams' first visit to Asia since 2017 was cut short as she crashed out of the Wuhan Open first round on Sunday 7-5, 7-6 (7/5) to fellow American Danielle Collins. The 39-year-old Williams, a 2015 Wuhan champion now 59th in the world rankings, squ

Published 23 Sep, 2019 12:00am

Hockey trials for 33rd National Games

Trials to select women hockey team for the forthcoming 33rd National Games will be organized here at Lala Ayub Hockey Stadium on September. President, KP Hockey Association Syed Zahir Shah told media men that the trials would be organized for the selectio

Published 23 Sep, 2019 12:00am

South Africa draw T20 series with India

An unbeaten half-century by skipper Quinton de Kock and paceman Beuran Hendrick's strong performance with the ball helped South Africa thrash India by nine wickets to draw their Twenty20 series 1-1 on Sunday. Beuran returned figures of 2-14 to restrict In

Published 23 Sep, 2019 12:00am

Ocean power: A green option failing to make waves

The tidal power plant on the Rance river in Brittany, France, stands as a reminder of the underexploited potential of energy generation from ocean tides, waves and warmth. Inaugurated at La Richardais on the west coast by Charles de Gaulle in 1966, the pl

Published 23 Sep, 2019 12:00am

Vegetarians have higher risk for stroke, lower for heart disease

People who follow vegetarian or vegan diets may have lower odds for heart disease but higher chances of having a stroke, compared to meat eaters, a large UK study suggests.

Published 23 Sep, 2019 12:00am

Obesity, drinking, unhealthy diet add to gout risk

Behavior changes could potentially reduce a large part of the risk for developing gout, a US study suggests. Based on data from more than 14,000 people, researchers calculated how much factors like being overweight, following a diet that isn't heart-healt

Published 23 Sep, 2019 12:00am

Poor countries required to increase carbon footprint to address hunger: study

Achieving a nutritious diet with adequate calories in developing countries will require a substantial increase in greenhouse gas emissions and water use, scientists reported on Monday, calling on high-income countries to accelerate the adoption of plant-h

Published 23 Sep, 2019 12:00am

Number of countries deploy AI to track citizens: report

A growing number of countries are following China's lead in deploying artificial intelligence to track citizens, according to a research group's report published Tuesday. The Carnegie Endowment for International Peace says at least 75 countries are active

Updated 23 Sep, 2019 06:48am

Apple awards iPhone supplier Corning $250m from US manufacturing fund

Apple Inc on Tuesday said it would award Corning Inc $250 million from a $5 billion fund dedicated to US advanced manufacturing. Corning supplies glass to Apple for products such as the iPhone and Apple Watch. Since the first iPhones hit the market in 200

Published 23 Sep, 2019 12:00am

Amazon hires drivers for 11 planned distribution centres

Amazon has begun hiring its own drivers in Germany and plans to open 11 more distribution centres to expand its delivery business in its second biggest market, the firm's German logistics chief said in an interview.

Published 23 Sep, 2019 12:00am

Oracle, VMware to deal on cloud technology, technical support

Oracle Corp and VMware Inc on Monday announced a deal designed to resolve years of tension over how Oracle handles technical support for VMware users and make it easier for them to move to Oracle's cloud computing service.

Published 23 Sep, 2019 12:00am

Exxon Mobil puts Australian Bass Strait oil, gas assets up for sale

Exxon Mobil Corp said on Wednesday it was looking to sell its 50% stake in the Gippsland Basin oil and gas development in Australia's Bass Strait as part of a broader review of its global portfolio of assets.

Published 23 Sep, 2019 12:00am

Currency

HTC hires ex-Orange executive Maitre as CEO

HTC Corp has hired Yves Maitre as its new CEO, the smartphone maker said on Tuesday as it announced the replacement of Cher Wang by the former Orange executive.

Published 23 Sep, 2019 12:00am

Currency

HTC hires ex-Orange executive Maitre as CEO

HTC Corp has hired Yves Maitre as its new CEO, the smartphone maker said on Tuesday as it announced the replacement of Cher Wang by the former Orange executive.

Published 23 Sep, 2019 12:00am

Exchange

Qatar Airways annual loss widens to $639 million

Qatar Airways reported a loss of 2.3 billion Qatari riyals ($639 million) on Wednesday for the year ending March 31, as it grappled with the second year of an embargo by neighbours that has restricted its air routes and driven costs higher.

Published 23 Sep, 2019 12:00am

Exchange

Qatar Airways annual loss widens to $639 million

Qatar Airways reported a loss of 2.3 billion Qatari riyals ($639 million) on Wednesday for the year ending March 31, as it grappled with the second year of an embargo by neighbours that has restricted its air routes and driven costs higher.

Published 23 Sep, 2019 12:00am

Exchange

Lloyd's of London expects 'sobering' culture assessment

Lloyd's of London expects "sobering" results from a survey of the workplace culture at its member firms, the insurance market's chairman said on Wednesday as a rise in investment income drove a four-fold profit rise.

Published 23 Sep, 2019 12:00am

Deutsche Telekom to take on telecom ops from slimmed-down T-Systems

Deutsche Telekom is taking back responsibility for corporate telecoms clients from its restructured T-Systems unit, which will emerge as a slimmed-down operation focused on IT and digital services.

Published 23 Sep, 2019 12:00am

Huawei expects to see revenue uplift from 5G roll-out next year

Huawei Technologies expects the roll-out of next-generation 5G wireless networks to start contributing to the firm's revenue from next year when China launches services, the company's deputy chairman said on Wednesday.

Published 23 Sep, 2019 12:00am

Huawei expects to see revenue uplift from 5G roll-out next year

Huawei Technologies expects the roll-out of next-generation 5G wireless networks to start contributing to the firm's revenue from next year when China launches services, the company's deputy chairman said on Wednesday.

Published 23 Sep, 2019 12:00am

AB InBev braves HK turmoil with second Asia IPO attempt

Anheuser-Busch InBev NV will kick off a second attempt to spin off its Asian business in Hong Kong with the launch on Wednesday of an IPO worth up to $6.6 billion that could be the world's second largest this year.

Published 23 Sep, 2019 12:00am

AB InBev braves HK turmoil with second Asia IPO attempt

Anheuser-Busch InBev NV will kick off a second attempt to spin off its Asian business in Hong Kong with the launch on Wednesday of an IPO worth up to $6.6 billion that could be the world's second largest this year.

Published 23 Sep, 2019 12:00am

Total, Eni stake new claim in Cyprus gas, oil search

Energy giants Total and Eni have joined forces to explore and exploit another oil and gas block up for grabs offshore from Cyprus, Cypriot authorities said on Wednesday.

Published 23 Sep, 2019 12:00am

Apple says $14bn EU tax order 'defies reality and common sense'

The European Union's order to Apple to pay 13 billion euros ($14 billion) in back taxes "defies reality and common sense", the US firm said as the two sides sparred in a case key to the EU's crackdown on sweetheart deals to multinationals.

Published 23 Sep, 2019 12:00am

Exchange

Mining industry seeks to polish tarnished reputation

The global mining industry is increasingly showing a commitment towards greater respect for human rights and the environment, but is accused of wanting to improve its reputation without seeking real progress. Wildcat miners, including children, are riskin

Published 23 Sep, 2019 12:00am

Currency

Cuba deploys oxen, wood-fired ovens to overcome fuel crisis

Cuba is deploying oxen to replace tractors, using wood instead of gas at many state bakeries and advising citizens to save electricity by making the most of daylight as it grapples with an acute fuel shortage amid US sanctions. The government says it is p

Published 23 Sep, 2019 12:00am

China needs to change way it finances economy: think tank

China needs to develop a better system for financing small businesses that drive innovation in the economy but currently struggle to access the funds they need for growth, a leading Chinese think-tank said in a report published Sunday. China's economic de

Published 23 Sep, 2019 12:00am

Swiss hold high-altitude wake for lost glacier

Dozens of people dressed in black went on a "funeral march" up a steep Swiss mountainside on Sunday to mark the disappearance of an Alpine glacier amid growing global alarm over climate change. Around 250 people including children joined the solemn two-ho

Published 23 Sep, 2019 12:00am

Deutsche Bahn sees big windfall from climate change package

Germany's Deutsche Bahn expects the government's 50 billion euro climate change package to generate the railway company's biggest growth spurt in its 180-year history, the state-owned firm's boss said on Sunday. In a telephone press conference, Richard Lu

Published 23 Sep, 2019 12:00am

Exchange

Reliance Capital slams rating agency

Debt-laden Reliance Capital Ltd has slammed an Indian credit rating agency's decision to downgrade its debt to "default" levels and warned the move would harm millions of investors. CARE Ratings late on Friday downgraded the non-banking financial company'

Published 23 Sep, 2019 12:00am

Exchange

Reliance Capital slams rating agency

Debt-laden Reliance Capital Ltd has slammed an Indian credit rating agency's decision to downgrade its debt to "default" levels and warned the move would harm millions of investors. CARE Ratings late on Friday downgraded the non-banking financial company'

Published 23 Sep, 2019 12:00am

India says no plans to revise fiscal deficit target or cut spending now

India will not revise its fiscal deficit target immediately and is not planning any spending cuts at this stage, the country's finance minister said on Sunday, after slashing corporate tax rates to boost a flagging economy. India cut corporate tax rates o

Published 23 Sep, 2019 12:00am

Huawei denies interest in acquiring Oi or any other Brazilian carrier

Chinese telecoms equipment maker Huawei Technologies Co said on Sunday it was not interested in acquiring struggling Oi SA or any other Brazilian carrier. Brazilian newspaper O Globo reported on Saturday in its online version that Huawei was joining force

Published 23 Sep, 2019 12:00am

Exchange

Green bonds can be central bank reserve assets: BIS

A new study by researchers at the Bank for International Settlements (BIS) has shown there would be few disadvantages for central banks to use "green" bonds as foreign exchange reserve assets. Central banks typically build up billions worth of assets that

Published 23 Sep, 2019 12:00am

Exchange

Green bonds can be central bank reserve assets: BIS

A new study by researchers at the Bank for International Settlements (BIS) has shown there would be few disadvantages for central banks to use "green" bonds as foreign exchange reserve assets. Central banks typically build up billions worth of assets that

Published 23 Sep, 2019 12:00am

Exchange

Out-of-whack Credit Suisse security puzzles volatility traders

A small, unexplained aberration in a highly specialized corner of the vast US equity and derivatives market is causing a buzz among traders already on edge about a potential market pullback. An exchange-traded note issued by Credit Suisse Group AG, common

Published 23 Sep, 2019 12:00am

Argentina bondholders face write downs: Fitch, Moody's

Fitch Ratings expects holders of Argentina dollar bonds to have to write off part of their investments under the country's sovereign debt restructuring plan, one of the agency's analysts said on Thursday. The Argentine government last month announced plan

Published 23 Sep, 2019 12:00am

Argentina bondholders face write downs: Fitch, Moody's

Fitch Ratings expects holders of Argentina dollar bonds to have to write off part of their investments under the country's sovereign debt restructuring plan, one of the agency's analysts said on Thursday. The Argentine government last month announced plan

Published 23 Sep, 2019 12:00am

Protests drag down Egyptian indexes to multi-year lows

Egypt's stock indexes EGX 30 and EGX 100 plunged to multi-year intraday lows on Sunday after protests broke out in Egyptian cities over the weekend. The blue-chip index dropped 5.3% in its biggest single-day fall since mid-2016 as all its stocks slipped i

Published 23 Sep, 2019 12:00am

Currency

Canada dollar outlook brightens

The Canadian dollar will strengthen against its US counterpart over the coming year, recouping ground lost since July, as Canada's economy stays strong enough to withstand global trade uncertainty, a Reuters poll predicted. Canada's dollar has fallen abou

Published 23 Sep, 2019 12:00am

Ukrainian hryvnia to weaken

The Ukrainian hryvnia, which has firmed 9% since the start of the year on an influx of foreign capital into local bonds, will slip soon due to an expected drop in foreign money inflows and a wide trade deficit, a Reuters poll showed on Thursday. Ukrainian

Published 23 Sep, 2019 12:00am

Exchange

Huobi to launch cryptocurrency exchange

Huobi Group, which runs one of the world's largest cryptocurrency exchanges, announced on Tuesday the official launch of a digital asset exchange in Argentina. Huobi Argentina plans to establish a local team and a fiat gateway to trade or convert the Arge

Published 23 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. These currencies have had a torrid time a

Published 23 Sep, 2019 12:00am

Window closing fast for WeWork parent to launch IPO this year

WeWork owner The We Company faces strong headwinds in achieving its goal of launching an initial public offering (IPO) by the end of the year after postponing it this month, fund managers and capital markets professionals said. The US office-sharing start

Published 23 Sep, 2019 12:00am

Window closing fast for WeWork parent to launch IPO this year

WeWork owner The We Company faces strong headwinds in achieving its goal of launching an initial public offering (IPO) by the end of the year after postponing it this month, fund managers and capital markets professionals said. The US office-sharing start

Published 23 Sep, 2019 12:00am

Wall Street week ahead: fund managers gird for long trade war after FedEx slide

A profit warning and muted outlook from package delivery company FedEx Corp is prompting some high-profile fund managers to prepare for the trade war between the United States and China to last longer than many had originally anticipated. Shares of the sh

Published 23 Sep, 2019 12:00am

Paris Tutankhamun show sets new record with 1.42 million visitors

A blockbuster Tutankhamun show set a new all-time French record Sunday, with 1.42 million visitors flocking to see the exhibition in Paris, the organisers said. The turnout beat the previous record set by another Tutankhamun show billed as the "exhibition

Published 23 Sep, 2019 12:00am

Warren leads Biden for first time in a US primary race: poll

Presidential hopeful Elizabeth Warren has overtaken former vice president Joe Biden in the key state of Iowa for the first time in the race for the Democratic presidential nomination, a new poll out Sunday showed. The Des Moines Register/CNN poll had Warr

Published 23 Sep, 2019 12:00am

Flights cancelled as Typhoon Tapah approaches Japan

Typhoon Tapah approached southwestern Japan Sunday, with heavy rain and strong winds grounding hundreds of regional flights. Tapah, with gusts up to 162 kilometres (100 miles) per hour, was expected to draw near Nagasaki prefecture overnight, according to

Published 23 Sep, 2019 12:00am

Tanzania not sharing information on suspected Ebola: WHO

The World Health Organization has accused Tanzania of failing to provide information on suspected cases of Ebola in the country, potentially hindering efforts to curb the spread of the deadly virus. East African nations have been on high alert over an out

Published 23 Sep, 2019 12:00am

UN Syria envoy arrives in Damascus

The UN special envoy for Syria arrived in Damascus on Sunday for fresh talks on forming a committee tasked with drafting a new constitution for the war-ravaged country. Geir Pedersen was set to meet with Foreign Minister Walid Muallem on Monday to discuss

Published 23 Sep, 2019 12:00am

Gabon to be first African nation paid to fight deforestation

Gabon will become the first African country paid with international funds to preserve its forests in an effort to fight climate change, the United Nations said Sunday. Norway will provide Gabon, which is almost 90 percent covered by forest, with $150 mill

Published 23 Sep, 2019 12:00am

Migrants posing as volleyball team blocked by Greek police

Ten migrants posing as a volleyball team were arrested at Athens' International Airport trying to travel with illegally obtained passports, Greek police said on Sunday. Police said the migrants, who had entered Greece without legal documents, arrived at t

Published 23 Sep, 2019 12:00am

Tens of thousands march for ban on abortions in Slovakia

Tens of thousands marched in Slovakia's capital on Sunday calling for a total ban on abortions in the predominantly Catholic central European country. Abortion laws in Slovakia are relatively liberal compared to those in countries like Poland or Malta, wh

Published 23 Sep, 2019 12:00am

Fresh Hong Kong clashes outside mall

Pro-democracy protesters clashed with riot police outside a mall on Sunday, with some activists vandalising a nearby subway station and defacing a Chinese flag, but plans to disrupt the airport did not materialise. Police fired brief volleys of tear gas a

Published 23 Sep, 2019 12:00am

Suspected drones disrupt Dubai flights

Flights at Dubai's international airport, one of the world's busiest, were briefly disrupted Sunday due to "suspected drone activity," officials said. Two arriving flights had to be diverted, it said, while media reports said the planes had landed at a sm

Published 23 Sep, 2019 12:00am

Dozens of Britons march in southern Spain ahead of Brexit

Dozens of Britons marched through the southern Spanish city of Malaga on Sunday to register their concerns about their uncertain status as Britain prepares to leave the European Union. Spain is home to around 300,000 Britons. Together with Portugal, the I

Published 23 Sep, 2019 12:00am

UK Labour seeks Brexit plan to reverse poll slump

Britain's main opposition Labour Party was torn by infighting Sunday as it tried to forge a coherent Brexit strategy that could reverse polls indicating a likely election drubbing. Labour leader Jeremy Corbyn's moment of truth at the annual party conferen

Published 23 Sep, 2019 12:00am

NAB chief vows to take mega corruption cases to logical conclusion

National Accountability Bureau (NAB) Chairman former Justice Javed Iqbal on Sunday reiterated his firm resolve of taking mega corruption cases to logical conclusion.

Published 23 Sep, 2019 12:00am

Five steel mills sealed

A team of the Environment Protection Department (EPD) has sealed five steel re-rolling mills involved in polluting air in Ahmed Town Mominpura Road Lahore. The action against the mills was led by EPD Deputy Director Ali Ijaz. Ali Ijaz said that the steel

Published 23 Sep, 2019 12:00am

Buzdar grieves over loss of lives

Chief Minister Punjab Sardar Usman Buzdar has expressed his deep sense of sorrow and grief over the loss of precious lives of army jawans and other people in a bus accident near Babusar Top.

Published 23 Sep, 2019 12:00am

Indian army trampling moral values in IoK: CM Punjab

Chief Minister Punjab Sardar Usman Buzdar has said that the Indian forces in Occupied Kashmir are trampling upon all moral values. Modi by revoking the special status of Occupied Kashmir has dug a ditch for himself. Nefarious designs of committing genocid

Published 23 Sep, 2019 12:00am

'Our specialisation is fulfillment and value creation' an interview with Ahmed Khan, Founder of Cheetay.pk

Ahmed Haleem Khan is the founder of Cheetay.pk, a last-mile e-commerce platform for prompt delivery. US-based investors have lately invested $7.8 million in Cheetay, the highest amount raised by a Pakistani start-up. Recently, Cheetay.pk won awards for th

Updated 23 Sep, 2019 07:03am

'Our specialisation is fulfillment and value creation' an interview with Ahmed Khan, Founder of Cheetay.pk

Ahmed Haleem Khan is the founder of Cheetay.pk, a last-mile e-commerce platform for prompt delivery. US-based investors have lately invested $7.8 million in Cheetay, the highest amount raised by a Pakistani start-up. Recently, Cheetay.pk won awards for th

Published 23 Sep, 2019 12:00am

Cotton

WEEKLY COTTON REVIEW: reduced output leads to raise in price

After the report of reduction in the production of cotton the prominent increase of Rs 400 per maund was witnessed in the price of cotton. Estimates of production of 11,000,000 (One crore ten lac bales) of cotton predicts reliance will be on imported cott

Published 23 Sep, 2019 12:00am

Cotton

WEEKLY COTTON REVIEW: reduced output leads to raise in price

After the report of reduction in the production of cotton the prominent increase of Rs 400 per maund was witnessed in the price of cotton. Estimates of production of 11,000,000 (One crore ten lac bales) of cotton predicts reliance will be on imported cott

Published 23 Sep, 2019 12:00am

Socio-economic uplift of common man government's top priority: Firdous

Special Assistant to Prime Minster on Information and Broadcasting Dr Firdous Ashiq Awan on Sunday said that struggle of Imran Khan is for the common man with the prime objective to uplift the socio economic status and standard of their lives.

Published 23 Sep, 2019 12:00am

Exchange

Withdrawal of SRO 1125: Chemical & leather industry facing severe crisis: PCMA

The Pakistan Chemical Manufacturers Association (PCMA) has said that the local chemical industry is witnessing severe crisis after withdrawal of the facility to import tax free raw material for producing intermediary goods for export oriented industries l

Published 23 Sep, 2019 12:00am

Buzdar felicitates Saudi Arabia

Chief Minister Punjab Sardar Usman Buzdar has said that National Day of Saudi Arabia depicts a bright and shiny chapter of Islamic history, heritage and is also an exemplary state of modern era.

Published 23 Sep, 2019 12:00am

JI voices concern over deteriorating economy

Jamaat-e-Islami leaders have expressed concerns over deteriorating situation of economy and law and order in the country. In a joint statement issued from JI headquarters Mansoora on Sunday, they also criticized the silence of the world over Kashmir issue

Published 23 Sep, 2019 12:00am

Exchange

Chinese envoy, KP minister discuss Cooperation

Khyber Pakhtunkhwa Minister for Finance Taimur Saleem Jhagra has said that China has always played a vital role in the socio-economic development of Khyber Pakhtunkhwa adding that the KP government was taking all possible steps to facilitate investors to

Published 23 Sep, 2019 12:00am

KP-EZDMC CEO resigns

Khyber Pakhtunkhwa Economic Zones Development and Management Company (KP-EZDMC) CEO Saeed Ahmad has tendered resignation from his post. The KP-EZDMC CEO, a dual national was currently on leave in Canada and has sent his resignation through e-mail from abr

Published 23 Sep, 2019 12:00am

Buzdar lauds ACE Punjab for making 'historic' recovery of Rs 108 billion

Highlighting the efforts of the Pakistan Tehreek-e-Insaf (PTI) government towards rapid accountability of corrupt elements, Punjab Chief Minister Usman Buzdar said on Sunday that the Anti-Corruption Establishment (ACE) Punjab has made a "historic recovery

Published 23 Sep, 2019 12:00am

World Bank, KP-PPRA to introduce diploma courses

Khyber Pakhtunkhwa Public Procurement Regulatory Authority (KP-PPRA) in collaboration with the World Bank's funded Governance and Policy Programme (GPP) has finalised plan to launch high value specialised diploma courses for officers to enhance their capa

Published 23 Sep, 2019 12:00am

Two economic revitalisation projects in progress in erstwhile Fata

The Small and Medium Development Authority (SMEDA) in collaboration with provincial government of Khyber Pakhtunkhwa and donors is implementing two projects for the economic revitalization of the newly merged districts (NMDs), erstwhile FATA. The first pr

Published 23 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 22	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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