News Archives for Print - 2019-10-21

Companies

Nishat Chunian Limited

Nishat Chunian Limited (PSX:NCL) is part of the Nishat Chunian Group. The conglomerate has presence in Textile and Power Generation sectors. NCL stands at an advantage arising from the synergy of the group and technical expertise, which are transferable a

Updated 23 Oct, 2019 12:12pm

Brief Recordings

Nishat Chunian Limited

Nishat Chunian Limited (PSX:NCL) is part of the Nishat Chunian Group. The conglomerate has presence in Textile and Power Generation sectors. NCL stands at an advantage arising from the synergy of the group and technical expertise, which are transferable a

Updated 23 Oct, 2019 11:27am

General News

JUI(F)-government body meeting cancelled

A meeting between the government and Jamiat Ulema-e-Islam- Fazl (JUI-F) pertaining to cancellation of the latter's sit-in which was scheduled to take place on Sunday was cancelled.

Published 21 Oct, 2019 12:00am

JUI(F)-government body meeting cancelled

A meeting between the government and Jamiat Ulema-e-Islam- Fazl (JUI-F) pertaining to cancellation of the latter's sit-in which was scheduled to take place on Sunday was cancelled.

Published 21 Oct, 2019 12:00am

Taxes

Federal sales tax on restaurants: SRB terms FBR's decision unconstitutional

Sindh Revenue Board (SRB) has expressed serious concern over Federal Board of Revenue (FBR) proposed amendments in Chapter 98 (services) of the First Schedule to the Customs Act, 1969 without consulting provinces for collecting federal sales tax on servic

Updated 21 Oct, 2019 11:20am

Federal sales tax on restaurants: SRB terms FBR's decision unconstitutional

Sindh Revenue Board (SRB) has expressed serious concern over Federal Board of Revenue (FBR) proposed amendments in Chapter 98 (services) of the First Schedule to the Customs Act, 1969 without consulting provinces for collecting federal sales tax on servic

Published 21 Oct, 2019 12:00am

The rupee: modest gains

Stable trend was witnessed on the currency market during the week, ended on Oct 19, 2019. The rupee picked up 10 paisas versus the dollar for buying and selling at Rs 155.90 and Rs 155.94.

Published 21 Oct, 2019 12:00am

Money & Banking

The rupee: modest gains

Stable trend was witnessed on the currency market during the week, ended on Oct 19, 2019. The rupee picked up 10 paisas versus the dollar for buying and selling at Rs 155.90 and Rs 155.94.

Updated 21 Oct, 2019 07:14am

Business & Economy

Hafeez urges US companies to grow footprints

Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh has said that Pakistan's economy was on the right path to stabilization, urging the US businesses to benefit from investment opportunities available in the country.

Published 21 Oct, 2019 12:00am

Hafeez urges US companies to grow footprints

Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh has said that Pakistan's economy was on the right path to stabilization, urging the US businesses to benefit from investment opportunities available in the country.

Published 21 Oct, 2019 12:00am

Money & Banking

London adamant on Brexit deadline, despite delay request

A defiant British government doubled down Sunday, insisting it would leave the European Union in 11 days' time despite parliament forcing a reluctant prime minister to request another delay. In a day of high drama on Saturday, MPs in the House of Commons

Updated 21 Oct, 2019 07:14am

London adamant on Brexit deadline, despite delay request

A defiant British government doubled down Sunday, insisting it would leave the European Union in 11 days' time despite parliament forcing a reluctant prime minister to request another delay. In a day of high drama on Saturday, MPs in the House of Commons

Published 21 Oct, 2019 12:00am

Equities remain subdued

Pakistan Stock Exchange remained under pressure during the outgoing week ended October 18, 2019 due to selling in various sectors. BRIndex100 lost 75.93 points on week-on-week basis to close at 3,555.20 points. Average daily volumes stood at 128.946 milli

Published 21 Oct, 2019 12:00am

Stocks

Equities remain subdued

Pakistan Stock Exchange remained under pressure during the outgoing week ended October 18, 2019 due to selling in various sectors. BRIndex100 lost 75.93 points on week-on-week basis to close at 3,555.20 points. Average daily volumes stood at 128.946 milli

Updated 21 Oct, 2019 07:22am

Stocks

Futures spread down by 257 basis points

The futures spread declined by 257bps to negative 31.97 percent on the last day of the outgoing week. Trading activities on the futures counter remained thin as average daily volumes declined by 37.2 percent to 66.78 million shares as compared to previous

Updated 21 Oct, 2019 07:22am

Futures spread down by 257 basis points

The futures spread declined by 257bps to negative 31.97 percent on the last day of the outgoing week. Trading activities on the futures counter remained thin as average daily volumes declined by 37.2 percent to 66.78 million shares as compared to previous

Published 21 Oct, 2019 12:00am

General News

9 Indian soldiers killed, bunkers destroyed

In retaliation to India's unprovoked ceasefire violations in Jura, Shahkot and Nousehri sectors along Line of Control (LoC), nine Indian soldiers were killed while several others injured in early hours of Sunday.

Published 21 Oct, 2019 12:00am

9 Indian soldiers killed, bunkers destroyed

In retaliation to India's unprovoked ceasefire violations in Jura, Shahkot and Nousehri sectors along Line of Control (LoC), nine Indian soldiers were killed while several others injured in early hours of Sunday.

Published 21 Oct, 2019 12:00am

General News

PM salutes valour of Army

Prime Minister Imran Khan Sunday strongly condemned the unprovoked firing by the Indian occupation forces targeting the civilian population along the Line of Control. The Prime Minister prayed for eternal peace of those martyred and early recovery of the

Published 21 Oct, 2019 12:00am

PM salutes valour of Army

Prime Minister Imran Khan Sunday strongly condemned the unprovoked firing by the Indian occupation forces targeting the civilian population along the Line of Control. The Prime Minister prayed for eternal peace of those martyred and early recovery of the

Published 21 Oct, 2019 12:00am

General News

Indian envoy summoned

Director General (South Asia & SAARC) of Ministry of Foreign Affairs Dr Mohammad Faisal Sunday summoned Indian Chargé d'affaires Gaurav Ahluwalia and condemned the unprovoked ceasefire violations by India along the line of control (LoC) on October 19 and

Published 21 Oct, 2019 12:00am

Indian envoy summoned

Director General (South Asia & SAARC) of Ministry of Foreign Affairs Dr Mohammad Faisal Sunday summoned Indian Chargé d'affaires Gaurav Ahluwalia and condemned the unprovoked ceasefire violations by India along the line of control (LoC) on October 19 and

Published 21 Oct, 2019 12:00am

General News

Four killed as police fire on Bangladesh protesters

Prime Minister Sheikh Hasina on Sunday called for calm after at least four people were killed when police fired on thousands of Bangladeshi Muslims protesting Facebook messages that allegedly defamed the Holy Prophet (PBUH).

Published 21 Oct, 2019 12:00am

Business & Economy

Kartarpur Corridor to open on November 9: PM

Prime Minister Imran Khan on Sunday announced that Pakistan is all set to open its doors for Sikh pilgrims from all over the world as construction work on Kartarpur project enters its final stages. In a facebook post, he said that the project will be open

Published 21 Oct, 2019 12:00am

Kartarpur Corridor to open on November 9: PM

Prime Minister Imran Khan on Sunday announced that Pakistan is all set to open its doors for Sikh pilgrims from all over the world as construction work on Kartarpur project enters its final stages. In a facebook post, he said that the project will be open

Published 21 Oct, 2019 12:00am

Energy

700MW power project: KE unhappy with PD for withholding tariff notification

Karachi Electric (KE) is reportedly unhappy with the Power Division for unduly withholding tariff notification of its 700 MW power project since 2016, well informed sources told Business Recorder. This concern has been conveyed by KE's Chief Financ

Updated 21 Oct, 2019 07:24am

700MW power project: KE unhappy with PD for withholding tariff notification

Karachi Electric (KE) is reportedly unhappy with the Power Division for unduly withholding tariff notification of its 700 MW power project since 2016, well informed sources told Business Recorder. This concern has been conveyed by KE's Chief Financ

Published 21 Oct, 2019 12:00am

Business & Economy

DGCV to evaluate automotive parts on unit basis: PAAPAM chief

Directorate General Customs Valuation (DGCV) has agreed to evaluate automotive parts on unit basis for customs clearance. This was revealed by Chairman Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) Captain Muhammad Akram (R

Published 21 Oct, 2019 12:00am

DGCV to evaluate automotive parts on unit basis: PAAPAM chief

Directorate General Customs Valuation (DGCV) has agreed to evaluate automotive parts on unit basis for customs clearance. This was revealed by Chairman Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) Captain Muhammad Akram (R

Published 21 Oct, 2019 12:00am

General News

Esper in Kabul as US looks to kickstart Taliban talks

US Defence Secretary Mark Esper arrived in Afghanistan on Sunday in a bid to bring talks with the Taliban back on track after President Donald Trump abruptly broke off negotiations last month seeking to end the United States' longest war. Esper's trip to

Published 21 Oct, 2019 12:00am

Esper in Kabul as US looks to kickstart Taliban talks

US Defence Secretary Mark Esper arrived in Afghanistan on Sunday in a bid to bring talks with the Taliban back on track after President Donald Trump abruptly broke off negotiations last month seeking to end the United States' longest war. Esper's trip to

Published 21 Oct, 2019 12:00am

General News

PM arrives in Karachi today

Prime Minister Imran Khan will arrive in Karachi on Monday (today) on a day-long visit where he will hold meetings with high-ups besides inaugurating a power project, citing sources. Sources said that the premier will hold separate meetings with Sindh Gov

Published 21 Oct, 2019 12:00am

PM arrives in Karachi today

Prime Minister Imran Khan will arrive in Karachi on Monday (today) on a day-long visit where he will hold meetings with high-ups besides inaugurating a power project, citing sources. Sources said that the premier will hold separate meetings with Sindh Gov

Published 21 Oct, 2019 12:00am

Business & Economy

Auto sector ready to face economic slowdown

The country's auto sector is prepared to face economic slowdown for at least the next two years, and the existing industry has already made appropriate adjustments. The three top Japanese companies' i.e. M/s Toyota, M/s Honda and M/s Suzuki are facing the

Published 21 Oct, 2019 12:00am

Auto sector ready to face economic slowdown

The country's auto sector is prepared to face economic slowdown for at least the next two years, and the existing industry has already made appropriate adjustments. The three top Japanese companies' i.e. M/s Toyota, M/s Honda and M/s Suzuki are facing the

Published 21 Oct, 2019 12:00am

General News

Australian newspapers unite in protest against media curbs

Australia's biggest newspapers were expected to run front pages on Monday made up to appear heavily redacted to protest against recent legislation that restricts press freedoms, a rare show of unity by the usually tribal media industry. Mastheads from the

Published 21 Oct, 2019 12:00am

Australian newspapers unite in protest against media curbs

Australia's biggest newspapers were expected to run front pages on Monday made up to appear heavily redacted to protest against recent legislation that restricts press freedoms, a rare show of unity by the usually tribal media industry. Mastheads from the

Published 21 Oct, 2019 12:00am

Revision in conditions for public offerings

The savers in Pakistan generally prefer to deposit their funds with banks or invest them into National Saving Schemes (NSS) sponsored by the government rather than venturing into capital market often characterised by higher risks and uncertain returns. In

Updated 21 Oct, 2019 06:21am

Kamyab Naujawan Programme

Prime Minister Iman Khan pledged transparency and merit as he launched the Kamyab Naujawan Programme (KNP) on Thursday. Providing details of the programme, the Prime Minister stated that 100 billion rupees has been allocated for the purpose; however, the

Updated 21 Oct, 2019 06:17am

Articles

Growth versus high discount rate

Pakistan will experience the lowest growth rate in the region in fiscal year 2020 (ending 30 June 2020) at 2.4 percent, lower than Afghanistan's 3 percent, Sri Lanka's 3.3 percent, Maldives' 5.5 percent, Nepal's 6.4 percent and India's projected growth of

Updated 21 Oct, 2019 08:56am

Articles

Peace is greater than power

In most parts of the word "Ethiopia" connotes famine, conflict and poverty. The image of a small, backward country with an undernourished population constantly at war and conflict cross border is how most people recall this country. All that was true in t

Updated 22 Oct, 2019 06:25am

Articles

Negative rates forever? Central bankers look for an exit

The world's most powerful policymakers are struggling to alleviate the pain of a slowing global economy with few levers left to pull and growing concern that one of them, negative interest rates, already is creating problems of its own.

Updated 22 Oct, 2019 07:30am

Letters

India's economic belligerence

Malaysian leader Mahathir Mohammad has demonstrated a lot of maturity and statesmanship that he obviously derives from his very long experience in governance and foreign diplomacy. According to him, Malaysia will work diplomatically with India if it decid

Updated 21 Oct, 2019 05:09am

General News

Omar inaugurates 306KW hydro power plant in Chitral

Pakistan Poverty Alleviation Fund in collaboration with Agha Khan Rural Support Program and German Development Bank (KfW) successfully installed 306 KW hydro power plant in Gazeen, Chitral, providing renewable energy to hundreds of households. The Hydropo

Published 21 Oct, 2019 12:00am

Sizeable increase witnessed in essential commodities' prices

A sizable increase in prices of essential food commodities was witnessed in local market, according to a survey carried out by Business Recorder here on Sunday. The survey noticed upward trend in prices of vegetable, flour, pulses, fruits and other

Published 21 Oct, 2019 12:00am

General News

Oil tanker overturns: 40,000 liters diesel spills out on Indus Highway

Approximately 40,000 liters of diesel spilled out of an oil tanker when it overturned on the Indus Highway in the vicinity of Kot Chutta, a subdivision of Dera Ghazi Khan District, on Sunday morning. A driver and a helper got injured in the accident that

Published 21 Oct, 2019 12:00am

General News

Chehlum of Imam Hussain (RA) observed with great reverence

Amid heightened security, the Chehlum of Hazrat Imam Hussain (RA) and other martyrs of Karbala in Peshawar and other districts of Khyber Pakhtunkhwa was observed on Sunday with traditional religious spirit and reverence. The district government and provin

Published 21 Oct, 2019 12:00am

General News

Rape, murder of Noor Fatima: Arrest culprits in three days, warns Baloch

Jamaat-e-Islami Naib Emir Liaqat Baloch has issued warning to the rulers to arrest the culprits involved in rape and murder of Noor Fatima within three days or get ready to face the protest. Baloch visited the family of the seven-year old girl in Bhabra a

Published 21 Oct, 2019 12:00am

General News

Chehlum observed with religious fervour in Karachi

Like others parts of the country, the Chehlum of Hazrat Imam Hussain (AS) and his faithful companions was observed on Sunday, with religious spirit and reverence. The mourning procession was taken out from Nishter Park, which after passing through its tra

Published 21 Oct, 2019 12:00am

General News

Rectifying passports: Government employees seek further extension in date

The government employees from different departments are still waiting for another extension by the authorities in the deadline for rectifying their passports by revealing their professions as per the policy of the present government.

Published 21 Oct, 2019 12:00am

General News

Buzdar slams Indian unprovoked firing at LoC

Punjab Chief Minister Usman Buzdar has condemned unprovoked firing on civilians by Indian forces at the Line of Control. In a statement issued on Sunday, the chief minister while paying tributes to the sacrifices of martyrs said that targeting innocent ci

Published 21 Oct, 2019 12:00am

Business & Economy

FATF lauds Pakistan's measures, says Firdous

The Special Assistant to the Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan on Sunday said Financial Action Task Force (FATF) lauded the measures taken by the government to eradicate money laundering and terrorism which is recognitio

Published 21 Oct, 2019 12:00am

General News

Pakistan Navy joins Trans Regional Maritime Network

Pakistan Navy joined 32-member Trans Regional Maritime Network (T-RMN), based in Italy. Chief of the Naval Staff Admiral Zafar Mahmood Abbasi formally signed the 'Note of Accession' for joining the organization at Naval Headquarters, Islamabad. Ambassador

Published 21 Oct, 2019 12:00am

General News

CJP to administer oath to Justice Aminuddin as SC judge today

Chief Justice of Pakistan (CJP) Asif Saeed Khosa will administer oath to Justice Aminuddin Khan as Supreme Court judge on Monday (today). Justice Khan, who was fifth in seniority list of Lahore High Court, would serve as apex court judge till November 30,

Published 21 Oct, 2019 12:00am

General News

Balochistan varsity VC steps down over video scandal

Prof Dr Javed Iqbal, the vice-chancellor of University of Balochistan, stepped down from the post until the Federal Investigation Agency (FIA) completes its inquiry into recent cases of harassment in the university.

Published 21 Oct, 2019 12:00am

Cotton & Textile

WEEKLY COTTON REVIEW: Drastic cut in production hits businesses

The rate of cotton increased by Rs 300 per maund due to increase in buying by the textile sector. The drastic decrease in cotton production effects all the businesses related to cotton. There is severe financial crunch in markets due to the imposition of

Updated 21 Oct, 2019 07:24am

Business & Economy

'Digital economy to boost GDP up to $40 billion annually'

'Digital economy in Pakistan' has huge potential for boosting the country's Gross Domestic Product (GDP) up to the level of $ 40 billion, besides consolidating the local economy.

Published 21 Oct, 2019 12:00am

General News

JKSM's protest rally against Indian atrocities in IOK held

A large number of people belonging to all walks of life on Sunday condemned the Indian brutalities and showed solidarity with people of Indian occupied Kashmiris (IOK).

Published 21 Oct, 2019 12:00am

General News

AJK PM urges UN to take notice of India's unprovoked firing

Azad Jammu and Kashmir Prime Minister Raja Farooq Haider Khan has appealed to the UN Secretary General to take immediate serious notice of the frequent unprovoked Indian firing at the LoC, which he called the Cease Fire Line (CFL) targeting civilians dwel

Published 21 Oct, 2019 12:00am

General News

Alvi reaches Japan on five-day visit

President Arif Alvi on Sunday reached Japan on a five-day visit to attend the enthronement ceremony of Emperor Naruhito. The ceremony in Tokyo is being attended by heads of state and government, rulers, and senior officials from around 170 countries.

Published 21 Oct, 2019 12:00am

Business & Economy

Tourism Bill, 2019: KP government can notify any area as integrated tourism zone

The provincial government of Khyber Pakhtunkhwa on the recommendation of Provincial Tourism Strategy Board (PTSB) can notify to declare any area within the province as an 'Integrated Tourism Zone' to deal it in accordance with the provisions of KP Tourism

Updated 21 Oct, 2019 04:17am

Taxes

Ministry authorises releases of Rs 333.6 million for Revenue Division

The Ministry of Planning, Development and Reforms has so far authorized release of Rs 333.648 million for various ongoing and new projects of Revenue Division under the Public Sector Development Programme (PSDP) for the current fiscal year (2019-20).

Updated 21 Oct, 2019 06:58am

General News

Three suspects held from Chehlum procession

Police claimed to have arrest three suspects who wants disruption in the main procession of Chehlum of Hazrat Imam Hussain (AS) and shifted to unknown location for investigation.

Published 21 Oct, 2019 12:00am

Taxes

SRO 121 termed major hurdle in GITTA train service

Ziaul Haq Sarhadi, Deputy Convener of Pakistan Federation of Chamber of Commerce and Industry (FPCCI) for Pakistan Railways (PR) and Member Advisory Committee PR has said that SRO 121 is the biggest hurdle in the transportation of transit goods from Karac

Updated 21 Oct, 2019 06:51am

General News

Government dissolves PMDC, establishes PMC

The federal government on Sunday dissolved the existing body of Pakistan Medical and Dental Council (PMDC) and established a new organization, Pakistan Medical Commission (PMC), to regulate medical profession in the country.

Published 21 Oct, 2019 12:00am

Business & Economy

Interiors Pakistan Expo: Over 30 foreign companies to exhibit furniture products

Over 30 foreign companies to showcase their furniture products in 3-day mega 11th Interiors Pakistan Exhibition to be held from November 22 here at Expo Centre.

Updated 21 Oct, 2019 04:13am

General News

FATF case fought efficiently by Pakistan: ATP chief

Chairman, Amun Taraqqi Party (ATP), Muhammad Faiq Shah said Pakistan fought case in Financial Action Task Force (FATF) in efficient manner and foiled the Indian conspiracy in this regard. However, he called to make legislation for organized strategy at fi

Published 21 Oct, 2019 12:00am

General News

Country moving towards anarchy, claims Bilawal

Chairman Pakistan People's Party (PPP) Bilawal Bhutto-Zardari said that government must think that running the affairs of country is not like playing a cricket match. He said when parliament will be locked then politicians would have to do protest.

Published 21 Oct, 2019 12:00am

General News

India suffering from a state of confusion: Qureshi

Following effective response by Pakistan Army in which nine Indian soldiers were killed on Sunday when India violated ceasefire across the Line of Control (LoC), Pakistani Foreign Minister Shah Mehmood Qureshi said India has been suffering from a state of

Published 21 Oct, 2019 12:00am

Business & Economy

Malnutrition PBIF urges government to take steps

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has urged the government to take immediate step to arrest malnutrition otherwise it could result in heavy political and economic price.

Updated 21 Oct, 2019 04:15am

PSM revival plan: Ministry to share progress with Senate body today

Ministry of Industries and Production (MoI&P) is to share progress on revival plan of Pakistan Steel Mills (PSM) with Senate Standing Committee on Industries and Production on Monday (today).

Published 21 Oct, 2019 12:00am

General News

Speakers pay rich tributes to Asma Jahangir

A two-day Asma Jahangir conference concluded, here on Sunday with the resolve to raise voice for the supremacy of law and protection of human rights.

Published 21 Oct, 2019 12:00am

Brief Recordings

An interview with MD Sindh Enterprise Development Fund (SEDF)

Mehboob ul Haq has been the managing director of SEDF since January 2012. An IBA graduate who worked in the corporate sector before joining Board of Investment in 2006 from where he moved to Sindh Board of Investment as its founding member & director in 2

Updated 21 Oct, 2019 10:17am

General News

Fazl again rejects talks with government

Chief of his own faction, Jamiat Ulama-e-Islam-Fazl (JUI-F), Maulana Fazl-ur-Rehman on Sunday said that the government had formed a committee to hold talks with them (JUI-F) but there would be no talks with the government.

Published 21 Oct, 2019 12:00am

General News

Government in contact with opposition parties: Khattak

Federal Minister for Defence and Chairman Negotiation Committee, Pervez Khattak has said that members of the panel are in contract with opposition parties including PML-N, PPP, JUI-F, ANP and maximum progress is made.

Published 21 Oct, 2019 12:00am

General News

EU calls for Afghanistan ceasefire

European Union officials called Sunday for a ceasefire in Afghanistan, saying the breakdown in talks between the US and the Taliban presented an opportunity to push anew for a truce. US President Donald Trump last month declared talks with the insurgents

Published 21 Oct, 2019 12:00am

General News

Pro-separatists stage new Barcelona rallies, government says violence fading

Hundreds of pro-independence protesters took to the streets of Barcelona for a seventh successive night on Sunday, with anger over the jailing of Catalan separatist leaders showing little sign of abating. One large crowd blocked a road close to the Spanis

Published 21 Oct, 2019 12:00am

General News

Three US soldiers killed in training accident

Three US soldiers were killed and three others injured in the state of Georgia Sunday in an accident involving the armored combat vehicle they were in, the military said in a statement. The army provided no details on the nature of the accident, which is

Published 21 Oct, 2019 12:00am

General News

Hariri agrees reforms amid nationwide protests over economic crisis

Lebanese Prime Minister Saad al-Hariri agreed on Sunday a package of reforms with government partners to ease an economic crisis that has sparked protests aimed at ousting a ruling elite seen as riddled with corruption and cronyism. Officials told Reuters

Published 21 Oct, 2019 12:00am

General News

New clashes in Chile as two die in protest violence

Fresh clashes broke out in Chile's capital Santiago on Sunday after two people died when a supermarket was torched overnight as violent protests sparked by anger over economic conditions and social inequality raged into a third day. Police and the militar

Published 21 Oct, 2019 12:00am

General News

Green Party makes historic gains in Swiss vote

Switzerland's Green Party made historic gains in national elections Sunday, while the anti-immigrant right wing was on track to remain the largest party in parliament despite a slip in its support. Ballots were still being counted in the wealthy Alpine na

Published 21 Oct, 2019 12:00am

Global Business Economy

Boeing expresses regret over ex-pilot's messages

Boeing Co said on Sunday that it regrets and understands concerns raised by the release of a former Boeing test pilot's internal instant messages noting erratic software behavior two years before deadly crashes of its 737 MAX jet. The world's largest plan

Updated 21 Oct, 2019 06:29am

General News

Thirty killed in DR Congo bus accident

At least 30 people were killed when a packed bus came off the road and burst into flames overnight near Kinshasa, the DR Congo capital, a local official said Sunday. "The current toll is 30 dead. Eighteen others have third-degree burns," Red Cross spokesm

Published 21 Oct, 2019 12:00am

General News

Hundreds of shops trashed as Hong Kong police, protesters clash

Hong Kong police and protesters exchanged tear gas and petrol bombs as an illegal anti-government march that attracted tens of thousands descended into chaos, with hundreds of shops trashed and Chinese banks and metro stations targeted. After two weeks of

Published 21 Oct, 2019 12:00am

General News

Kurdish fighters withdraw from besieged Syria town

The Kurdish-led Syrian Democratic Forces fully withdrew from a Turkish-encircled town in northern Syria Sunday, in what appeared to be the start of a wider pullout under a ceasefire deal. Ankara launched a cross-border attack against Syria's Kurds on Octo

Published 21 Oct, 2019 12:00am

General News

Rohingya refugees agree move to Bangladesh island

Thousands of Rohingya living in Bangladesh refugee camps have agreed to move to an island in the Bay of Bengal, officials said Sunday, despite fears the site is prone to flooding. Dhaka has long wanted to move 100,000 refugees to the muddy silt islet, say

Published 21 Oct, 2019 12:00am

Stocks

Wall Street week ahead: Tech haves and have-nots face third-quarter tests

Technology companies, which make up the largest swath of the US stock market, are expected to post a nearly 8% drop in third-quarter profits as reports roll in next week from many of the sector's biggest corporations.

Updated 21 Oct, 2019 06:53am

Stocks

Europe Inc's recession expected to deepen as Q3 earnings outlook dims

Europe's corporate recession is expected to deepen, the latest forecasts show, as companies struggle with uncertainties from Brexit, the protracted US-China trade spat and Germany's manufacturing recession.

Updated 21 Oct, 2019 07:00am

Money & Banking

ECB in no rush to change rules of its bond purchases

The European Central Bank is in no rush to change the rules of its bond-buying programme because they serve a purpose and the ECB can still "go quite a long time" without violating them, its chief economist said on Wednesday.

Updated 21 Oct, 2019 06:47am

Money & Banking

Dizzying times for the Brexit-driven pound

Five-month highs and frequent falls versus the dollar and euro - the British pound is at its most volatile in a year, dragged in different directions by Brexit twists and turns.

Updated 21 Oct, 2019 06:46am

Money & Banking

'Bearish paralysis' sees $11.1 billion flow into bonds

A total of $11.1 billion flowed into bond funds in the week to Wednesday as investors dumped stocks amid a "bearish paralysis" on Wall Street, Bank of America Merrill Lynch said on Friday.

Updated 21 Oct, 2019 06:46am

Global Business Economy

Indonesia's Lion air set to list shares

Indonesia's Lion Air is set to launch an initial public offering, according to a company spokesman, in a listing that could reportedly raise up to $1.0-billion - one of the country's biggest-ever share sales.

Updated 21 Oct, 2019 06:30am

Money & Banking

Central European currencies slightly up

Central Europe's main currencies mostly firmed slightly on Friday, with a sentiment boost from a newly-agreed Brexit deal offsetting worries about the global economy as China posted weaker-than expected growth in the third quarter.

Updated 21 Oct, 2019 06:46am

InfiniGold to launch digital token

Fintech firm InfiniGold said on Thursday it would launch a digital token backed by gold stored in the vaults of Australia's Perth Mint, one of the world's largest precious metals refiners. The token will join a growing number of crypto coins whose value i

Published 21 Oct, 2019 12:00am

Money & Banking

Banks boost Saudi index; other Gulf markets down

Saudi Arabia's stock market rose sharply on Sunday, lifted by cheaper valuations and a delay in Aramco's IPO, while other major Gulf markets were mostly weighed down by shares of financial institutions.

Updated 21 Oct, 2019 06:20am

Energy

Aramco says IPO timing depends on 'market conditions'

Saudi Aramco said Sunday the timing of its long-awaited stock market debut "will depend on market conditions," after the latest delay in the blockbuster initial public offering. The IPO forms the cornerstone of a reform programme conceived by the kingdom'

Updated 21 Oct, 2019 06:17am

Money & Banking

Italy to issue more foreign currency bonds next year

Italy plans to sell more debt denominated in foreign currencies next year after demand for its first US dollar bond in nearly a decade exceeded expectations, the head of debt management at the Treasury said.

Updated 21 Oct, 2019 06:06am

Money & Banking

Foreigners snapped up China government bonds in Sept as yuan steadied

Foreigners bought Chinese government bonds at the fastest monthly pace in more than a year in September as the yuan stabilised, official data showed on Wednesday, highlighting robust demand amid the bonds' addition to global indexes.

Updated 21 Oct, 2019 06:07am

IT & Computers

China talks up technology prowess in face of US rivalry

China on Sunday said it aims to become a "great power" in the online world and took a swipe at Washington on trade, kicking off its annual conference promoting the Communist Party's controlled and censored version of the internet. US-China rivalry is incr

Updated 21 Oct, 2019 06:55am

Global Business Economy

German airports hit by Eurowings, Germanwings walkouts

Cabin crew at four Lufthansa subsidiary airlines staged a day-long strike Sunday, causing dozens of cancellations at German airports in a battle for better pay and conditions. The walkout, called by the UFO cabin crew union, was initially set to last from

Updated 21 Oct, 2019 06:30am

Currency	Rate
USD PKR Interbank Selling / May 12	281.63
USD PKR Interbank Buying / May 12	281.43
USD to Japanese Yen / May 12	145.91
USD to Swiss Franc / May 12	0.83
Pound Sterling to USD / May 12	1.33
Euro to USD / May 12	1.12
UK LIBOR % / May 9	4.96

Stock	Volume
S&P 500 / May 9	5,659.91
Nasdaq / May 9	17,928.92
Dow Jones / May 9	41,249.38
India Sensex / May 12	81,746.51
Tokyo Nikkei / May 12	37,643.20
Hang Seng / May 12	23,174.79
FTSE 100 / May 12	8,559.54
Germany DAX 30 / May 12	23,721.61
France CAC40 / May 12	7,802.81

Item	Value
Karachi Cotton PKR/37.32 KG / May 9	16,985
Gold 10 Grams PKR / May 9	300,840
Crude Oil USD/Barrel / May 12	61.81
Gold Spot USD/Ounce / May 12	3,279.94
Cotton US¢/pound / May 12	67.45
Petrol/Litre / May 13	252.63
Diesel/Litre / May 13	256.64

Stock	Price
Dewan Farooque Sp. / May 12 Dewan Farooque Spinning Mills Limited(DFSM)	3.08 ▲ 0.71 (29.96%)
Equity Modaraba / May 12 First Equity Modaraba(FEM)	3.17 ▲ 0.67 (26.8%)
Kohinoor Spining / May 12 Kohinoor Spinning Mills Limited(KOSM)	4.99 ▲ 1 (25.06%)
Cresent Jute / May 12 Crescent Jute Products Limited(CJPL)	3.18 ▲ 0.58 (22.31%)
Media Times Ltd / May 12 Media Times Limited(MDTL)	1.84 ▲ 0.33 (21.85%)
Pace (Pak) Ltd. / May 12 Pace (Pakistan) Limited(PACE)	5.38 ▲ 0.96 (21.72%)
Chenab Ltd (Pref) / May 12 Chenab Limited (Pref)(CLCPS)	2.49 ▲ 0.44 (21.46%)
Al-Shaheer Corp / May 12 Al Shaheer Corporation Limited(ASC)	5.88 ▲ 1 (20.49%)
D.S. Ind. Ltd. / May 12 D.S. Industries Limited(DSIL)	4.64 ▲ 0.74 (18.97%)
Hira Textile / May 12 Hira Textile Mills Limited(HIRAT)	3.25 ▲ 0.51 (18.61%)

Stock	Price
Reliance Weaving / May 12 Reliance Weaving Mills Limited(REWM)	98.10 ▼ -10.9 (-10%)
Apna Microfin. / May 12 Apna Microfinance Bank Limited(AMBL)	9.90 ▼ -1.05 (-9.59%)
Shams Textile / May 12 Shams Textile Mills Limited(STML)	21.50 ▼ -2 (-8.51%)
Ellcot Spinning / May 12 Ellcot Spinning Mills Limited(ELSM)	103.20 ▼ -8.99 (-8.01%)
Suhail Jute / May 12 Suhail Jute Mills Limited(SUHJ)	80.01 ▼ -6.59 (-7.61%)
Din Tex. / May 12 Din Textile Mills Limited(DINT)	47 ▼ -2.99 (-5.98%)
Paramount Mod / May 12 First Paramount Modaraba(FPRM)	6.86 ▼ -0.42 (-5.77%)
Pak Paper Prod / May 12 Pakistan Paper Products Limited(PPP)	147.01 ▼ -7.1 (-4.61%)
Sakrand Sugar / May 12 Sakrand Sugar Mills Limited(SKRS)	11.80 ▼ -0.52 (-4.22%)
Ali Asghar / May 12 Ali Asghar Textile Mills Limited(AATM)	43 ▼ -1.87 (-4.17%)

Stock	Volume
K-Electric Ltd. / May 12 K-Electric Limited(KEL)	113,339,802 ▲ 0.55
At-Tahur Ltd. / May 12 At-Tahur Limited(PREMA)	75,586,776 ▲ 1.38
WorldCall Telecom / May 12 Worldcall Telecom Limited(WTL)	65,777,142 ▲ 0.15
Power Cement / May 12 Power Cement Limited(POWER)	38,991,042 ▲ 1.09
Cnergyico PK / May 12 Cnergyico PK Limited(CNERGY)	33,253,495 ▲ 1
B.O.Punjab / May 12 The Bank of Punjab(BOP)	30,799,662 ▲ 1
Kohinoor Spining / May 12 Kohinoor Spinning Mills Limited(KOSM)	23,237,026 ▲ 1
Hub Power Co. / May 12 The Hub Power Company Limited(HUBC)	21,435,724 ▲ 12.58
Pak Int.Bulk / May 12 Pakistan International Bulk Terminal(PIBTL)	14,540,297 ▲ 1
Pace (Pak) Ltd. / May 12 Pace (Pakistan) Limited(PACE)	12,178,931 ▲ 0.96

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