News Archives for Print - 2019-01-07

Mercedes to scale up autonomous technology

Mercedes-Benz's is not aiming to be the first manufacturer to develop a self-driving car but it wants to be among the first two players able to scale up the technology, Mercedes-Benz executive Christoph Schroeder told German paper Welt am Sonntag. Carmake

Published 07 Jan, 2019 12:00am

China house price gains no longer a certainty: central bank adviser

A rising trend in property values in China is no longer a certainty as "unprecedented" state housing price controls come into effect, state media quoted a central bank adviser as saying on Saturday. China's housing authorities have pledged to stabilise la

Published 07 Jan, 2019 12:00am

Weakness in economy gives Beijing incentive for trade deal, says Trump

US President Donald Trump said on Sunday that trade talks with China were going very well and that weakness in the Chinese economy gave Beijing a reason to work toward a deal. US officials are meeting with their counterparts in Beijing this week for the f

Published 07 Jan, 2019 12:00am

China reveals plans for carrier relocation to Beijing's new airport

China's aviation regulator published on Thursday plans for airline relocation to Beijing's new mega-airport set to open this year and said it would let foreign carriers decide which of the capital's airports they will use. Beijing Daxing International Air

Published 07 Jan, 2019 12:00am

US fashion group calls for more diversity in model size

A trade group representing hundreds of America's designers has called on the fashion industry to showcase women of greater size diversity, such as plus-size models Ashley Graham and Candice Huffine. Graham, of Nebraska, in 2016 became the first plus-size

Published 07 Jan, 2019 12:00am

Libya plans to more than double oil output to 2.1 million barrels per day

Libya aims to more than double its oil production to 2.1 million barrels per day (bpd) by 2021 provided security and stability are strengthened in the conflict-stricken country, the chairman of state oil company NOC said on Sunday in Benghazi.

Published 07 Jan, 2019 12:00am

Currency

Japan's Abe says vigilant to global economic risks clouding recovery

Japan's government will keep a close eye on looming risks to a global economic recovery as it guides policy, Prime Minister Shinzo Abe said in an interview aired by public broadcaster NHK on Sunday. Signs of slowing global demand and recent sharp rises in

Published 07 Jan, 2019 12:00am

Currency

Iran's central bank proposes slashing four zeros from falling currency

Iran's central bank has proposed slashing four zeros from the rial, state news agency IRNA reported on Sunday, after the currency plunged in a year marked by an economic crisis fuelled by US sanctions. "A bill to remove four zeros from the national curren

Published 07 Jan, 2019 12:00am

France presses Renault over executive compensation

The French government has told Renault to provide more details on compensation paid to senior executives via a Dutch holding company jointly owned with alliance partner Nissan, Finance Minister Bruno Le Maire said on Sunday. Le Maire made the demand after

Published 07 Jan, 2019 12:00am

French women reclaim 'yellow vest' protests with peaceful demo

Hundreds of women on Sunday marched in Paris to reclaim France's "yellow vest" movement from violent activists, a day after protesters smashed their way into a government ministry. The women, wearing yellow vests, turned out after 50,000 people returned t

Published 07 Jan, 2019 12:00am

'Drop beef and save millions of lives, slash emissions'

Switching from beef to alternative proteins could save millions of lives and dramatically slash greenhouse gas emissions, the World Economic Forum said on Thursday. New research conducted by the Oxford Martin School for WEF showed that efforts to replace

Published 07 Jan, 2019 12:00am

Sugary sodas tied to higher risk of kidney disease

People who drink lots of sugar-sweetened soda and fruit juices may be more likely to develop chronic kidney disease than those who don't, a US study suggests. Researchers examined survey data on beverage consumption among 3,003 African-American men and wo

Published 07 Jan, 2019 12:00am

Social media linked to higher risk of depression in teen girls

Teenage girls are twice as likely as boys to show depressive symptoms linked to social media use - mainly due to online harassment and disturbed sleep, as well as poor body image and lower self-esteem, researchers said on Friday.

Published 07 Jan, 2019 12:00am

Apple cuts outlook, sees 'challenges' in China

Apple cut its revenue outlook for the latest quarter Wednesday, citing steeper-than-expected "economic deceleration" in China and emerging markets. The rare revenue warnings from Apple suggested weaker-than-anticipated sales of iPhones and other gadgetry,

Published 07 Jan, 2019 12:00am

Tech's big gadget show edges closer to gender equity

The world's largest tech conference has apparently learned a big lesson about gender equity. CES, the huge annual consumer-electronics show in Las Vegas, caught major flak from activists in late 2017 when it unveiled an all-male lineup of keynote speakers

Published 07 Jan, 2019 12:00am

Apple's bombshell and the trillion-dollar question

Apple's bombshell news - a sharply weaker revenue outlook and lower iPhone sales - has raised questions over the future of the California giant, which until recently had been seen as the undisputed innovation leader in the tech sector.

Published 07 Jan, 2019 12:00am

Velodyne Lidar to introduce new sensor technology at CES in Las Vegas

Velodyne Lidar, Inc will introduce and demonstrate its breakthrough new lidar sensor technology at CES 2019 in the Las Vegas Convention Center North Hall. Velodyne will present product demonstrations showing how lidar is advancing vehicle autonomy, safety

Published 07 Jan, 2019 12:00am

Automakers close out 2018 with drop in US new vehicle sales

Major automakers on Thursday posted a weak finish to 2018 for US new vehicle sales as the industry braced for what is widely expected to be a worse year for sales in 2019. Ford Motor Co reported an 8.8 percent drop in sales for December, with declines in

Published 07 Jan, 2019 12:00am

Foxconn to begin assembling Apple iPhones in India in 2019

Apple Inc will begin assembling its top-end iPhones in India through the local unit of Foxconn as early as 2019, the first time the Taiwanese contract manufacturer will have made the product in the country, according to a source familiar with the matter.

Published 07 Jan, 2019 12:00am

China tobacco monopoly's global unit plans Hong Kong IPO

The international wing of the world's largest cigarette maker - a Chinese state-owned tobacco monopoly - plans to list on the Hong Kong stocks exchange, filing documents showed on Wednesday. The unit seeking listing only accounts for a fraction of China N

Published 07 Jan, 2019 12:00am

China tobacco monopoly's global unit plans Hong Kong IPO

The international wing of the world's largest cigarette maker - a Chinese state-owned tobacco monopoly - plans to list on the Hong Kong stocks exchange, filing documents showed on Wednesday. The unit seeking listing only accounts for a fraction of China N

Published 07 Jan, 2019 12:00am

Jet Airways defaults on debt payment to banks

Cash-strapped Jet Airways Ltd said late Tuesday it defaulted on debt payment to a consortium of Indian banks, prompting ratings agency ICRA to downgrade the carrier and sending its shares sharply lower. The payment of interest and principal instalment was

Published 07 Jan, 2019 12:00am

Qatar Airways acquires five percent of China Southern Airlines

Qatar Airways has acquired a 5 percent stake in China Southern Airlines, the state-owned Gulf carrier said on Wednesday, in a move to gain access to the fast-growing mainland Chinese market. Qatar Airways also owns a 20 percent stake in British Airways-pa

Published 07 Jan, 2019 12:00am

Currency

US companies repatriate over half a trillion dollars in 2018, but pace slows

US companies have sent home over half a trillion dollars of cash they held overseas in 2018 to take advantage of tax changes, but data suggest the pace is slowing, potentially removing a key source of support for Wall Street.

Published 07 Jan, 2019 12:00am

Canadian M&A seen rising after hitting 12-year high in 2018

Canadian merger-and-acquisition activity is expected to strengthen in 2019 as a slump in oil prices could fuel consolidation among energy companies and cannabis deals gain momentum, M&A advisers said. Deal volume jumped 15 percent to a 12-year high of $27

Published 07 Jan, 2019 12:00am

Rothesay Life plans 3.5 billion pound bid for Swiss Re's UK arm: Sky News

Insurer Rothesay Life is planning a 3.5-billion-pound bid for a unit of reinsurance company Swiss Re , Sky News reported on Friday, putting into question the Zurich-based company's plans to list the British unit in 2019. Rothesay had approached Swiss Re s

Published 07 Jan, 2019 12:00am

In space, the US sees a rival in China

During the Cold War, US eyes were riveted on the Soviet Union's rockets and satellites. But in recent years, it has been China's space programs that have most worried US strategists. China, whose space effort is run by the People's Liberation Army, today

Published 07 Jan, 2019 12:00am

Currency

Yen's surge is a red flag for world markets

A gradual rise by the Japanese yen in recent weeks culminated in a dramatic overnight surge - firing a warning shot for world markets and the global economy in 2019. Historically, outsized yen gains in short periods, such as the Russian default in 1998 an

Published 07 Jan, 2019 12:00am

Currency

Confidence in Mexican peso's bounceback wavers

Mexico's peso is likely to bounce back from recent declines but by a smaller amount than previously expected, underscoring strategists' growing concerns about President Andrés Manuel López Obrador's management of the country's economy.

Published 07 Jan, 2019 12:00am

The unexpected moneymaker in 2018: eurozone government bonds

Economic optimists have for years been misguidedly predicting the twilight of the boring, safety-first bond market. And the year gone by was another one that proved them wrong, particularly in the eurozone. Investors who bought government bonds from euro

Published 07 Jan, 2019 12:00am

The unexpected moneymaker in 2018: eurozone government bonds

Economic optimists have for years been misguidedly predicting the twilight of the boring, safety-first bond market. And the year gone by was another one that proved them wrong, particularly in the eurozone. Investors who bought government bonds from euro

Published 07 Jan, 2019 12:00am

Rajhi leads Saudi index jump, other markets rise

Saudi Arabia's stock market rose on Sunday trade on positive investor sentiment, higher oil prices and solid gains by blue chips, led by Al Rajhi Bank which announced a capital increase, while other regional markets also closed higher. Oil rose nearly 2 p

Published 07 Jan, 2019 12:00am

China's money rates drop

China's primary money rates fell sharply in the first week of 2019 as a year-end surge in cash demand abated and the central bank broadened the scope of targeted reserve requirement cuts. Those factors helped to outweigh the biggest net drain of liquidity

Published 07 Jan, 2019 12:00am

Spanish online bank WiZink looks to float

Investment firm Varde Partners is planning to float its Spanish online bank WiZink this year, with investment banks UBS and Goldman Sachs likely to be selected as IPO coordinators, people close to the matter said. WiZink is expected to have a market capit

Published 07 Jan, 2019 12:00am

Spanish online bank WiZink looks to float

Investment firm Varde Partners is planning to float its Spanish online bank WiZink this year, with investment banks UBS and Goldman Sachs likely to be selected as IPO coordinators, people close to the matter said. WiZink is expected to have a market capit

Published 07 Jan, 2019 12:00am

BAML says buy equities as sentiment falls to 'extreme bear' territory

Bank of America Merrill Lynch's "Bull & Bear" gauge of market sentiment has fallen to 1.8, a level the US bank's strategists describe as "extreme bear" territory that has triggered a "buy" signal for equities. This is the first time the "buy" signal for r

Published 07 Jan, 2019 12:00am

BAML says buy equities as sentiment falls to 'extreme bear' territory

Bank of America Merrill Lynch's "Bull & Bear" gauge of market sentiment has fallen to 1.8, a level the US bank's strategists describe as "extreme bear" territory that has triggered a "buy" signal for equities. This is the first time the "buy" signal for r

Published 07 Jan, 2019 12:00am

Currency

Pantera says some tokens in portfolio likely noncompliant with SEC rules

US blockchain investment firm Pantera Capital said on Thursday approximately a quarter of the fund's capital was invested in projects or digital assets that may not have been compliant with US securities regulations. Pantera's disclosure highlights a grow

Published 07 Jan, 2019 12:00am

Wall Street week ahead: fund managers hoping for stock rally look to emerging markets

After emerging market stocks led global equity markets lower in a brutal 2018, some US-based fund managers are betting that the asset class may have the largest rebound in the new year.

Published 07 Jan, 2019 12:00am

Wall Street week ahead: fund managers hoping for stock rally look to emerging markets

After emerging market stocks led global equity markets lower in a brutal 2018, some US-based fund managers are betting that the asset class may have the largest rebound in the new year.

Published 07 Jan, 2019 12:00am

Punjab University win HEC Inter-University Women Badminton title

Punjab University clinched the title of the Inter-University Women Badminton Championship for the fifth times in a row after defeating University of Central Punjab Lahore here at PSB Coaching Center, Qayyum Sports Complex.

Published 07 Jan, 2019 12:00am

Nishikori, Pliskova crowned Brisbane champions

Japan's Kei Nishikori overcame Daniil Medvedev in the Brisbane International final on Sunday for his first ATP title in nearly three years and the 12th of his career. Last year's finalist Nishikori, who prevailed 6-4 3-6 6-2, won 70 percent of points on h

Published 07 Jan, 2019 12:00am

India force Australia follow-on in 30-year first

A ruthless India took a stranglehold on the final Test in Sydney Sunday as they forced Australia to follow on at home for the first time in 30 years, leaving the hosts facing a full day's batting to cling on for a draw. Play started almost four hours late

Published 07 Jan, 2019 12:00am

Du Plessis suspended for third Test

South Africa captain Faf du Plessis was on Sunday suspended for one Test because of his team's slow over rate as they beat Pakistan in Cape Town. The ICC announced the punishment in a statement after South Africa won the second Test by nine wickets to tak

Published 07 Jan, 2019 12:00am

South Africa beat Pakistan, clinch series

South Africa beat Pakistan by nine wickets on the fourth day of the second Test at Newlands on Sunday. Pakistan claimed a wicket and forced Hashim Amla to retire hurt before South Africa passed their meagre target after less than an hour's play at Newland

Published 07 Jan, 2019 12:00am

Pakistan U-16 team leaves for Australia series

The Pakistan Under-16 cricket team on Sunday night left here for Dubai to take on Australia Under-16 in a series of five 50-over-a-side matches and one Twenty20 fixture at the ICC Academy. The series will start with the first 50-over match on Wednesday, J

Published 07 Jan, 2019 12:00am

Indian Kabbadi team visits Bhagat Singh's mansion

Under the arrangements of district administration, the Kabaddi team of Indian Punjab visited the mansion of famous freedom fighter Bhagat Singh at Chak 105 Bange Jaranwala and took breakfast there. Additional Deputy Commissioner (G) Mian Aftab Ahmad, Divi

Published 07 Jan, 2019 12:00am

Saudi Arabia to notify women of divorce by text message

Saudi Arabian courts will notify women by text message when they get divorced, in a new regulation that took effect on Sunday, officials said. The measure approved by the justice ministry appears aimed at curbing seemingly rampant cases of men secretly en

Published 07 Jan, 2019 12:00am

Earthquake hits western Iran, about 30 injured

An earthquake hit an area in western Iran near the Iraqi border on Sunday, injuring about 31 people, most of them lightly, the state news agency IRNA reported. The US Geological Survey (USGS) initially put the magnitude of the quake at 5.9 but revised thi

Published 07 Jan, 2019 12:00am

Iran plans naval drills with Russia in Caspian Sea

Iran and Russia are preparing to hold joint naval exercises in the Caspian Sea, including rescue and anti-piracy drills, the commander of the Iranian navy was quoted on Sunday as saying. "Tactical, rescue and anti-piracy war games between Iranian and Russ

Published 07 Jan, 2019 12:00am

Trump confirms key plotter in USS Cole attack has been killed

President Donald Trump confirmed Sunday that the US military has killed one of the architects of the 2000 bombing of the USS Cole that left 17 American servicemen dead. The military said Friday that Al-Qaeda operative Jamal al-Badawi was believed to have

Published 07 Jan, 2019 12:00am

Saudi woman held at Bangkok airport says fears death if repatriated

A Saudi woman held at Bangkok airport said she would be killed if she was repatriated by Thai immigration officials, who confirmed the 18-year-old was denied entry to the country Sunday. The incident comes against the backdrop of intense scrutiny on Saudi

Published 07 Jan, 2019 12:00am

Indian scientists slam ancient Hindu 'stem cell' claim

The organisers of a major Indian science conference distanced themselves on Sunday from speakers who used the prestigious event to dismiss Einstein's discoveries and claim ancient Hindus invented stem cell research. The Indian Scientific Congress Associat

Published 07 Jan, 2019 12:00am

Venezuelan supreme court justice flees country

Venezuela's Supreme Court said on Sunday a justice who sat on a panel that deals with electoral issues has fled the country, reportedly to Florida. The high court said it has opened an investigation into the justice, Christian Zerpa, over allegations he s

Published 07 Jan, 2019 12:00am

US Syria withdrawal must be done with allies' defence 'assured': Bolton

US President Donald Trump's national security adviser said Sunday during a visit to Israel that the American withdrawal from Syria must be done with the defence of allies "assured". "We're going to be discussing the president's decision to withdraw, but t

Published 07 Jan, 2019 12:00am

Money laundering-III: banking system and tax evasion

In this part of this series of articles on the subject of 'money laundering', the topic of discussion is the status of our financial system to ensure that there is no tax evasion and money laundering. This part will also identify that unlike other civiliz

Published 07 Jan, 2019 12:00am

Miscreants attack check post of security forces

Militants of Jamaat Ul Ahrar (JUA) attacked on security forces checkpoint from across the border in Loy-Shelman, the bordering area of Landi Kotal, on Sunday morning. The sources told that the miscreants launched offence on Hakim post by opening indiscrim

Published 07 Jan, 2019 12:00am

Libor

'Atmosphere of accountability negative for investor sentiment' an interview with Chairman Nishat Chunian Group, Shahzad Saleem

BR Research recently sat down with Shahzad Saleem, Chairman of the renowned Nishat Chunian Group. Shahzad holds an MBA from the Lahore University of Management Sciences (LUMS) and was amongst the second batch of the university's MBA cohort. One of the bes

Published 07 Jan, 2019 12:00am

Libor

'Atmosphere of accountability negative for investor sentiment' an interview with Chairman Nishat Chunian Group, Shahzad Saleem

BR Research recently sat down with Shahzad Saleem, Chairman of the renowned Nishat Chunian Group. Shahzad holds an MBA from the Lahore University of Management Sciences (LUMS) and was amongst the second batch of the university's MBA cohort. One of the bes

Published 07 Jan, 2019 12:00am

AGP detects Rs 59.55 million losses in KP's PHA accounts

The Auditor General of Pakistan (AGP) has detected a loss of Rs59.55 million in the Provincial Housing Authority (PHA) of the Khyber Pakhtunkhwa due to non-recovery of compensation, wasteful expenditure, unauthentic payment, non-recovery of interest and a

Published 07 Jan, 2019 12:00am

Rs 184 million approved for facelifting of Peshawar's historic places

Khyber Pakhtunkhwa Government has approved a project worth of Rs 184 million, aiming at to facelift of three historic locations in the provincial metropolis. The project is mainly focused on renovation and beautification of historic Qissa Khawani Bazaar C

Published 07 Jan, 2019 12:00am

Afridi vows to retrieve every inch of state land

Minister of State for Interior Shehryar Afridi has said that the government would get academic land vacated from illegal occupation at any cost while no one would be allowed to take law in one's hand. The minister expressed these views while talking to me

Published 07 Jan, 2019 12:00am

Power theft: KP Task Force recovers Rs 120 million from defaulters

The provincial task force formed for action against power-theft and defaulters has recovered more than Rs 120 million, arrested 371 persons for hampering official work and also seized electricity equipment worth Rs130 million. The task force, constituted

Published 07 Jan, 2019 12:00am

PPP senator asks PTI to avoid confrontation with opposition

PPP Senator Khanzada Khan has asked the ruling party PTI for taking all political parties into confidence to resolve the problems faced by the country. In a statement issued here on Sunday, he said that running baseless propaganda is not a good tradition.

Published 07 Jan, 2019 12:00am

Retail market: prices of essential kitchen items go up

An slight decrease in prices of important kitchen items, including vegetable, chicken meat, pulses, sugar and other was witnessed in retail market, said in a survey carried out by Business Recorder here on Sunday. The survey noticed that the downwa

Published 07 Jan, 2019 12:00am

Government urged to get Pakistanis released from Omani jails

Prime Minister Imran Khan, Foreign Minister Shah Mehmood Qureshi and rights activist Ansar Burney have been requested to play their much-needed role for the early release of those 700 Pakistanis who have been languishing in Oman prisons on different charg

Published 07 Jan, 2019 12:00am

Banned, expired food items seized

Khyber Pakhtunkhwa Food Safety and Halal Food Authority has seized different banned and expired items during raids at various outlets in Hayatabad Peshawar on Sunday. According to Spokesman of the Food Authority, Waqarullah Khan, a team led by Director Op

Published 07 Jan, 2019 12:00am

FTO orders probe into plaint of BISE Abbottabad

Federal Tax Ombudsman (FTO) has ordered to conduct an investigation into a complaint moved by Board of Intermediate & Secondary Education (BISE), Abbottabad, for claiming compensation due to delayed refund to be paid out of salaries of a Commissioner Inla

Published 07 Jan, 2019 12:00am

Karachi's uplift plans can't be materialised sans Sindh government's cooperation: Alvi

President Dr Arif Alvi seconded the Sindh Governor Imran Ismail's stance that the provincial government was not cooperating but he said he would drum up Sindh's cooperation with the Centre. "Without Sindh government's cooperation, development projects and

Published 07 Jan, 2019 12:00am

Clash over mosque claims life

One person was killed and four others injured when two religious groups clashed over possession of a mosque here in the jurisdictions of Baloch Colony police station on late Saturday night. The police arrested ten culprits involved in the firing. Accordin

Published 07 Jan, 2019 12:00am

Bilawal House termed a symbol of democracy

Secretary Information Pakistan Peoples Party Parliamentarian Dr Nafisa Shah has said that JIT's talks of sealing Bilawal House prove it's animosity with Shaheed Mohtarma Benazir Bhutto. Reacting to the talks, Dr Nafisa said that the members of JIT share a

Published 07 Jan, 2019 12:00am

CJP orders seizure of Khokhar Palace

The Supreme Court on Sunday directed Director General Anti-Corruption Establishment (ACE) Punjab to seize the sprawling Khokhar Palace, illegally built on 40 kanals of State land and present a report on the case within 10 days. A two member bench led by t

Published 07 Jan, 2019 12:00am

PTI leader accuses Sindh government of curtailing IGP's powers

Pakistan Tehreek-e-Insaf (PTI) Sindh chapter's general secretary and parliamentary leader in Sindh Assembly Haleem Adil Sheikh has said the bid of provincial rulers to curtail the powers of Sindh police shows their dictatorial mentality and deep desire to

Published 07 Jan, 2019 12:00am

Nobody expects anything from PTI government: Murad

Chief Minister Sindh, Syed Murad Ali Shah, lambasting the Pakistan Tehreek-e-Insaf (PTI) led federal government has said that no one has any expectations from the government. Addressing a public gathering in Badin on Sunday, Murad Ali Shah said that the P

Published 07 Jan, 2019 12:00am

Zardari vows to fight legal battle in courts

Former president and Pakistan People's Party (PPP) leader Asif Ali Zardari on Sunday said he was ready to brave even 50 cases at a time, insisting he would face up to all the charges levelled against him without being hesitant. He vowed to fight the legal

Published 07 Jan, 2019 12:00am

Anti- encroachment drive: over 4,000 shops, structures razed to the ground: KMC

Karachi Metropolitan Corporation (KMC) Sunday said that as many as 4000 structures, including shops established on the encroached land or squatted, have been razed since the beginning of ongoing anti-encroachment operation amid protest by shopkeepers. The

Published 07 Jan, 2019 12:00am

Poisonous gas claims five lives near Abbottabad

Five members of the same family on Sunday including three children were died after poisonous gas accumulated in their room at a neighbouring village of Abbottabad Bandi Dhondan. According to the police, head of the family Naveed went to sleep leaving a ga

Published 07 Jan, 2019 12:00am

Marriyam for naming NAB as 'Noon Accountability Bureau'

Pakistan Muslim League-Nawaz (PML-N) spokesperson Marriyam Aurangzeb on Sunday went on a rant regarding the National Accountability Bureau (NAB) perusal of the Sharif family, saying that the bureau should rename itself to "Noon Accountability Bureau" beca

Published 07 Jan, 2019 12:00am

Chohan promises health cards for artists across country

Minister for Information & Culture Punjab Fayyaz ul Hassan Chohan has said that six thousand artists from across Punjab will get health card containing Rs.0.4 million on merit. He stated this while addressing an inaugural ceremony of painting exhibition a

Published 07 Jan, 2019 12:00am

Pakistani peace, friendship fleet visits Iranian port

Pakistani Peace and Friendship fleet comprising Kheyber flagship destroyer, Coast Guard Job, Logistic ship of Madadgar and Rahnavard training ship docked in the 1st zone of Naval Force of the Iranian Army. Addressing the welcoming ceremony of Pakistani Pe

Published 07 Jan, 2019 12:00am

DHQ Sheikhupura hospital's head suspended over unavailability of drugs

Chief Minister Punjab Sardar Usman Buzdar ordered suspension of Incharge District Headquarters Hospital Sheikhupura on complaints of patients that free medicines were not available in the hospital and the patients have to buy medicine privately. The CM pa

Published 07 Jan, 2019 12:00am

People being divided, killed in name of religion in India: Naseeruddin

Well known Bollywood film star Naseeruddin Shah, in a video message released by the human rights watchdog Amnesty India, has said that people in India were being divided in the name of religion and a wall of hatred was being constructed among them. He sai

Published 07 Jan, 2019 12:00am

Power supply worsens in Punjab

Five to seven hours electric load-shedding is continuing in Punjab owing to three thousand MW electricity shortfalls in demand and supply. Sources told Business Recorder that hydel power generation has almost come to a halt as water discharges from

Published 07 Jan, 2019 12:00am

Rich tributes paid to Qazi Hussain Ahmed

Secretary General, Jamaat-e-Islami, Liaquat Baloch, has said that Qazi Husain Ahmed had been a great national leader, a champion of the unity of the Muslim Ummah and a courageous political and religious scholar. In a message on the death anniversary of th

Published 07 Jan, 2019 12:00am

Shahbaz undergoes medical checkup at PIMS

Pakistan Muslim League-Nawaz (PML-N) President and Leader of Opposition in National Assembly Mian Shehbaz Sharif, who is suffering from backache, underwent a medical check-up at Pakistan Institute of Medical Sciences (PIMS) hospital on Sunday.

Published 07 Jan, 2019 12:00am

1993 massacre victims: complete shutdown witnessed in held-Sopore

In occupied Kashmir, a complete shutdown is being observed in Sopore town of north Kashmir's Baramulla district to pay tribute to more than 60 civilians killed by the Indian troops on this day in 1993. All shops and other business establishments are close

Published 07 Jan, 2019 12:00am

KP police recover 26.168 kg of ice drug during 2018

They Khyber Pakhtunkhwa police has recovered 26.168kg ice drug across the province in different police action during the year 2018 as compared to 20.703 of the year 2017. As per annual report the use of Ice is spreading amongst the young generation especi

Published 07 Jan, 2019 12:00am

PTI MNA launches drive to protect graveyards

A Save the Graveyards Movement (SGM) has been launched to protect graveyards in National Assembly constituency NA-31 here on Sunday. The campaign aims at to retain sanctity of the graveyards. A boundary wall will be constructed in Quaidabad graveyard unde

Published 07 Jan, 2019 12:00am

Expert highlights importance of aquaculture as an industry

Prominent expert on fisheries and environment sciences, Umar Hayat has said that aquaculture is an emerging industry of Pakistan which can engage youth at different levels of new enterprise. He urged governments at both federal and provincial level to str

Published 07 Jan, 2019 12:00am

The 'mini-budget'

Pakistan People's Party has demanded of the government to explain why it is mulling introducing a mini-budget in the country anytime soon. According to one of its leaders, MNA Nafisa Shah, the daughter of former Sindh chief minister Qaim Ali Shah, the gov

Published 07 Jan, 2019 12:00am

Currency

The leadership deficit - I

The entire world suffers from a leadership deficit. All other deficits spring from this pivotal deficit - fiscal deficit, trade deficit, food deficit, ecological deficit, human degradation deficit, etc. etc. Today this small planet (the Earth) accommodate

Published 07 Jan, 2019 12:00am

Ghosts in the cabin

Skidding, crash landing, heroin in rooftop, drugs in the baggage, ghosts in the crew. No, you guessed it wrong - it is not a scene from Scream 4 the horror movie but sadly a tale of sorrow of our national airline. Pakistan International Airline is a repre

Published 07 Jan, 2019 12:00am

Economic diplomacy

There is an emerging consensus that the Khan administration's economic diplomacy has been extremely successful to-date, if economic diplomacy is defined as incurring loans and procuring oil products on deferred payment, though increasingly claims are bein

Published 07 Jan, 2019 12:00am

Bad behaviour

Some of the PTI's young and inexperienced stalwarts refuse to understand that in public speaking disagreement is best expressed through reasoned explanations rather than aggressive language and tone, which can only hurt whatever they are trying to achieve

Updated 27 Jul, 2019 09:27am

State of the economy

Four and a half months after the Pakistan Tehreek-e-Insaf (PTI) formed the government at the Centre there has been no good news on the economic front. Market uncertainty continues to prevail in Pakistani bourses and the productive sectors. The incentive p

Updated 27 Jul, 2019 09:18am

Britons would now vote to stay in EU, want second referendum: poll

More Britons want to remain a member of the European Union than leave, according to a survey published on Sunday which also showed voters want to make the final decision themselves. Britain is due leave the EU on March 29, but Prime Minister Theresa May i

Published 07 Jan, 2019 12:00am

Britons would now vote to stay in EU, want second referendum: poll

More Britons want to remain a member of the European Union than leave, according to a survey published on Sunday which also showed voters want to make the final decision themselves. Britain is due leave the EU on March 29, but Prime Minister Theresa May i

Published 07 Jan, 2019 12:00am

Umar held responsible for hike in power tariff, circular debt

Finance Minister, Asad Umar, must be held responsible for increase in power tariff under monthly fuel adjustment mechanism and circular debt in January as he did not give proper weightage to the arguments of Ministry of Energy (both Power Division and Pet

Published 07 Jan, 2019 12:00am

Umar held responsible for hike in power tariff, circular debt

Finance Minister, Asad Umar, must be held responsible for increase in power tariff under monthly fuel adjustment mechanism and circular debt in January as he did not give proper weightage to the arguments of Ministry of Energy (both Power Division and Pet

Published 07 Jan, 2019 12:00am

Umar held responsible for hike in power tariff, circular debt

Finance Minister, Asad Umar, must be held responsible for increase in power tariff under monthly fuel adjustment mechanism and circular debt in January as he did not give proper weightage to the arguments of Ministry of Energy (both Power Division and Pet

Published 07 Jan, 2019 12:00am

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	158.33
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
India Sensex / Apr 26	73730.16
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Hang Seng / Apr 26	17651.15
FTSE 100 / Apr 26	8139.83
Dow Jones / Apr 26	38239.66
Germany DAX 30 / Apr 26	18161.01

Item	Value
Crude Oil USD/Barrel / Apr 26	83.85
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 26	210048
Gold Spot USD/Ounce / Apr 26	2337.96
Cotton US¢/pound / Apr 26	80.90
Petrol/Litre / Apr 29	293.94

Stock	Price
786 Invest Ltd / Apr 29 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 29 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 29 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 29 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 29 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 29 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 29 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 29 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 29 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 29 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 29 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 29 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 29 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 29 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 29 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 29 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 29 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 29 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 29 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 29 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 29 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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