Wednesday , January 16 2019
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PSX stages recovery amid lack of triggers

[pukhto] KARACHI: The five-day trading week was cut short by a holiday on Thursday. Despite sharp drop in international oil prices, the KSE-100 index managed to break its two-week losing streak and recover 562 points (1.2 per cent) to settle at 48,971 points on Friday. In the absence of triggers …

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89 medicines banned

ISLAMABAD: Ministry of National Health Services (NHS) on Wednesday informed the National Assembly that the government had banned 89 medicines and suspended 18 drug manufacturers’ licenses for producing substandard medicines during the last four years. In a written reply to a question asked by MNA Suraiya Jatoi the ministry stated …

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NPLs go down across the board


KARACHI: Non-performing loans (NPLs) declined in the last quarter of 2016 while small and medium enterprises (SMEs) continued to have the highest infection ratio. In absolute terms, NPLs in the corporate segment were the highest at the end of 2016. Sector-wise, textile companies had the highest NPLs, according to a …

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Surviving on the front line in Mosul’s street battles


Mohammed Fathi sat calmly on a plastic chair, twiddling his prayer beads as machine gun fire erupted from a neighbour’s house, incoming bullets crackled overhead and helicopters strafed targets nearby in western Mosul. The 70-year-old grandfather of 10 looked relieved. The day before, death had come much closer. He described …

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Breathless Nadal, Serena reach quarters


MELBOURNE: Rafael Nadal struggled into his first Grand Slam quarter-final since 2015 at the Australian Open on Monday, as Serena Williams accelerated towards a record title and the number one ranking. Nadal, searching for a revival after injuries wrecked last season, was tested by France’s Gael Monfils before winning 6-3, …

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