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Print - 2018-04-28
Finance Bill 2018
Exchange

Finance Bill 2018

A BILL to give effect to the financial proposals of the Federal Government for the year beginning on the first day of July, 2018, and to amend certain laws
Published 28 Apr, 2018 12:00am
Finance Bill 2018
Exchange

Finance Bill 2018

A BILL to give effect to the financial proposals of the Federal Government for the year beginning on the first day of July, 2018, and to amend certain laws
Published 28 Apr, 2018 12:00am
Finance Bill 2018
Exchange

Finance Bill 2018

A BILL to give effect to the financial proposals of the Federal Government for the year beginning on the first day of July, 2018, and to amend certain laws
Published 28 Apr, 2018 12:00am
Finance Bill 2018
Exchange

Finance Bill 2018

A BILL to give effect to the financial proposals of the Federal Government for the year beginning on the first day of July, 2018, and to amend certain laws
Published 28 Apr, 2018 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (April 27, 2018).

Published 28 Apr, 2018 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (April 27, 2018).
Published 28 Apr, 2018 12:00am
BoE, ECB team up to guard against post-Brexit risks

BoE, ECB team up to guard against post-Brexit risks

The Bank of England and the European Central Bank will team up in a working group on managing financial risks around the time Britain plans to leave the EU next year, officials said Friday. The European Commission and Britain''s finance ministry said in a
Published 28 Apr, 2018 12:00am
BoE, ECB team up to guard against post-Brexit risks

BoE, ECB team up to guard against post-Brexit risks

The Bank of England and the European Central Bank will team up in a working group on managing financial risks around the time Britain plans to leave the EU next year, officials said Friday. The European Commission and Britain's finance ministry said in a
Published 28 Apr, 2018 12:00am
Currency notes: exchange rates
Exchange

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (April 27, 2018).

Published 28 Apr, 2018 12:00am
BoE, ECB team up to guard against post-Brexit risks

BoE, ECB team up to guard against post-Brexit risks

The Bank of England and the European Central Bank will team up in a working group on managing financial risks around the time Britain plans to leave the EU next year, officials said Friday. The European Commission and Britain's finance ministry said in a
Published 28 Apr, 2018 12:00am
KE seeks modification in generation licence

KE seeks modification in generation licence

The Karachi Electric Limited (KEL) has approached National Electric Power Regulatory Authority (Nepra) for modification in its generation licence urgently, aimed at using RLNG as alternative fuel instead of RFO in case of shortage in gas supply quota of 1
Published 28 Apr, 2018 12:00am
KE seeks modification in generation licence

KE seeks modification in generation licence

The Karachi Electric Limited (KEL) has approached National Electric Power Regulatory Authority (Nepra) for modification in its generation licence urgently, aimed at using RLNG as alternative fuel instead of RFO in case of shortage in gas supply quota of 1
Published 28 Apr, 2018 12:00am
Barclays bid rates and maximum rates for payment of interest
Exchange

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 28 Apr, 2018 12:00am
KE seeks modification in generation licence

KE seeks modification in generation licence

The Karachi Electric Limited (KEL) has approached National Electric Power Regulatory Authority (Nepra) for modification in its generation licence urgently, aimed at using RLNG as alternative fuel instead of RFO in case of shortage in gas supply quota of 1
Published 28 Apr, 2018 12:00am
State Bank of Pakistan conversion rates
Exchange

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 28 Apr, 2018 12:00am
Deep conversion oil refinery projects: incentive package approved by ECC

Deep conversion oil refinery projects: incentive package approved by ECC

Economic Coordination Committee (ECC) of the Cabinet on Friday approved incentive package for setting up state of the art Deep Conversion Oil Refinery Projects, mainly for Abu Dhabi Petroleum Investment Company (ADPI) which sought incentives as a pre-requ
Published 28 Apr, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 28 Apr, 2018 12:00am
Deep conversion oil refinery projects: incentive package approved by ECC

Deep conversion oil refinery projects: incentive package approved by ECC

Economic Coordination Committee (ECC) of the Cabinet on Friday approved incentive package for setting up state of the art Deep Conversion Oil Refinery Projects, mainly for Abu Dhabi Petroleum Investment Company (ADPI) which sought incentives as a pre-requ
Published 28 Apr, 2018 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 28 Apr, 2018 12:00am
Deep conversion oil refinery projects: incentive package approved by ECC

Deep conversion oil refinery projects: incentive package approved by ECC

Economic Coordination Committee (ECC) of the Cabinet on Friday approved incentive package for setting up state of the art Deep Conversion Oil Refinery Projects, mainly for Abu Dhabi Petroleum Investment Company (ADPI) which sought incentives as a pre-requ
Published 28 Apr, 2018 12:00am
Message from CEO Nachfolger (Pvt) Limited

Message from CEO Nachfolger (Pvt) Limited

My profound congratulations to PMEX on its 10th Birthday! It has indeed been a journey of evolution and perseverance. PMEX is a fully legitimate gateway to International Commodity and Forex trade. It serves as an excellent diversification portal for Pakis
Published 28 Apr, 2018 12:00am
Message from CEO Empower Commodities (Pvt) Limited
Exchange

Message from CEO Empower Commodities (Pvt) Limited

Although we the "EMPOWER COMMODITIES" are a new brokerage house but we have traversed this journey through achieving all the benchmarks and adapting the best practices of the field. We feel immense pride and honored to associate with PMEX and Security Exc
Published 28 Apr, 2018 12:00am
Ogra recommends increase in POL prices

Ogra recommends increase in POL prices

After an increase in price of petrol globally, Oil and Gas Regulatory Authority (Ogra) has recommended an increase in the prices of petroleum products in monthly review for May 2018. The regulator has recommended in a summary to the Petroleum Division tha
Published 28 Apr, 2018 12:00am
Message from Chairman/CEO H.G Markets (Pvt) Limited
Exchange

Message from Chairman/CEO H.G Markets (Pvt) Limited

We at Harvest Global Markets extend our best wishes to the exchange on completion of 10 years of successful operations. HG Markets is a constituent company of Harvest Group and acts as a Member/Broker of PMEX. Our group has been involved in the financial
Published 28 Apr, 2018 12:00am
Ogra recommends increase in POL prices

Ogra recommends increase in POL prices

After an increase in price of petrol globally, Oil and Gas Regulatory Authority (Ogra) has recommended an increase in the prices of petroleum products in monthly review for May 2018. The regulator has recommended in a summary to the Petroleum Division tha
Published 28 Apr, 2018 12:00am
Message from CEO Abbasi and Company (Pvt) Limited
Exchange

Message from CEO Abbasi and Company (Pvt) Limited

We are delighted being amongst the pioneer members of PMEX. Over the period, we have been successful in marketing the new Exchange and maintaining a large online client base, spreading not only in Pakistan but globally.
Published 28 Apr, 2018 12:00am
Ogra recommends increase in POL prices

Ogra recommends increase in POL prices

After an increase in price of petrol globally, Oil and Gas Regulatory Authority (Ogra) has recommended an increase in the prices of petroleum products in monthly review for May 2018. The regulator has recommended in a summary to the Petroleum Division tha
Published 28 Apr, 2018 12:00am
Message from CEO Khadija Commodities (Pvt) Limited
Exchange

Message from CEO Khadija Commodities (Pvt) Limited

Khadija Commodities Pvt. Ltd has emerged as a rapidly growing organization, offering commodity-trading with significantly competitive business volume among the brokers of Pakistan Mercantile Exchange. Within short span of 4 years, Khadija Commodities got
Published 28 Apr, 2018 12:00am
HBL declares consolidated PAT of Rs 4.7 billion

HBL declares consolidated PAT of Rs 4.7 billion

HBL Friday declared a profit after tax of Rs 4.7 billion, with earnings per share for Q1 17 at Rs 3.12. Along with the results, the Board declared a dividend of Re 1.00 per share (10%). Profit before tax was Rs 7.4 billion for the first quarter of 2018. T
Published 28 Apr, 2018 12:00am
PMEX Shariah-Compliant Trading Platform
Exchange

PMEX Shariah-Compliant Trading Platform

Pakistan Mercantile Exchange Limited (PMEX) has achieved yet another breakthrough by facilitating the country's first electronic Murabaha transaction at its Shariah Compliant Trading Platform (SCTP), which in essence will pave the way for an Islamic Money
Published 28 Apr, 2018 12:00am
HBL declares consolidated PAT of Rs 4.7 billion

HBL declares consolidated PAT of Rs 4.7 billion

HBL Friday declared a profit after tax of Rs 4.7 billion, with earnings per share for Q1 17 at Rs 3.12. Along with the results, the Board declared a dividend of Re 1.00 per share (10%). Profit before tax was Rs 7.4 billion for the first quarter of 2018. T
Published 28 Apr, 2018 12:00am
PMEX Broad Spectrum Product Suite
Exchange

PMEX Broad Spectrum Product Suite

To provide a rich mix of products for the market participants, the Exchange over the years has introduced 28 different commodities, both cash-settled and physically deliverable, with 43 contracts of different denominations. While the cash-settled commodit
Published 28 Apr, 2018 12:00am
HBL declares consolidated PAT of Rs 4.7 billion

HBL declares consolidated PAT of Rs 4.7 billion

HBL Friday declared a profit after tax of Rs 4.7 billion, with earnings per share for Q1 17 at Rs 3.12. Along with the results, the Board declared a dividend of Re 1.00 per share (10%). Profit before tax was Rs 7.4 billion for the first quarter of 2018. T
Published 28 Apr, 2018 12:00am
HBL declares consolidated PAT of Rs 4.7 billion

HBL declares consolidated PAT of Rs 4.7 billion

HBL Friday declared a profit after tax of Rs 4.7 billion, with earnings per share for Q1 17 at Rs 3.12. Along with the results, the Board declared a dividend of Re 1.00 per share (10%). Profit before tax was Rs 7.4 billion for the first quarter of 2018. T
Published 28 Apr, 2018 12:00am
PMEX writes new chapter in the trading of Red Chilli
Exchange

PMEX writes new chapter in the trading of Red Chilli

PMEX remains committed to playing its due role in the development of a robust and sustainable ecosystem for commodity trading that can free the growers from the shekels of traditional trading system and enable them to get premium on superior quality produ
Published 28 Apr, 2018 12:00am
NBP''''s first quarter PAT up 16.5 percent YoY
Exchange

NBP''''s first quarter PAT up 16.5 percent YoY

The meeting of the Board of Directors (BoD) of National Bank of Pakistan was held on Friday at the Bank''''s head office in Karachi in which the BoDs approved the financial statements of the Bank for three months period ended March 31, 2018.
Published 28 Apr, 2018 12:00am
NBP''s first quarter PAT up 16.5 percent YoY
Exchange

NBP''s first quarter PAT up 16.5 percent YoY

The meeting of the Board of Directors (BoD) of National Bank of Pakistan was held on Friday at the Bank''s head office in Karachi in which the BoDs approved the financial statements of the Bank for three months period ended March 31, 2018.
Published 28 Apr, 2018 12:00am
Message from Managing Director PMEX Limited
Exchange

Message from Managing Director PMEX Limited

It is a special time in the history of Pakistan Mercantile Exchange (PMEX) as it marks 10 successful years of operations. It is an honor for me to lead and serve this company of great potential.
Published 28 Apr, 2018 12:00am
NBP's first quarter PAT up 16.5 percent YoY
Exchange

NBP's first quarter PAT up 16.5 percent YoY

The meeting of the Board of Directors (BoD) of National Bank of Pakistan was held on Friday at the Bank's head office in Karachi in which the BoDs approved the financial statements of the Bank for three months period ended March 31, 2018.
Published 28 Apr, 2018 12:00am
Message from President/CEO NBP
Exchange

Message from President/CEO NBP

National Bank of Pakistan (NBP) congratulates Pakistan Mercantile Exchange (PMEX) on 10 years of uninterrupted operations. This is an important milestone and is testament to the focus and dedication of its staff, and the continued support of its sponsors,
Published 28 Apr, 2018 12:00am
NBP's first quarter PAT up 16.5 percent YoY
Exchange

NBP's first quarter PAT up 16.5 percent YoY

The meeting of the Board of Directors (BoD) of National Bank of Pakistan was held on Friday at the Bank's head office in Karachi in which the BoDs approved the financial statements of the Bank for three months period ended March 31, 2018.
Published 28 Apr, 2018 12:00am
Message from Chairman PMEX Limited
Exchange

Message from Chairman PMEX Limited

As Chairman, I am proud to be associated with Pakistan's only multi-commodity futures exchange, celebrating completion of 10 years of eventful history. During the span of 10 years, the Exchange achieved various landmarks, which would have not been possibl
Published 28 Apr, 2018 12:00am
Defence allocated Rs 1.1 trillion

Defence allocated Rs 1.1 trillion

The budget 2018-19 increased defence expenditure by 10 percent when compared with the revised estimates and 20 percent when compared with the 2017-18 budget allocation. The allocation for next fiscal year is Rs 1.1 trillion (against the budgeted Rs 920.1
Published 28 Apr, 2018 12:00am
Message from Chairman SECP
Exchange

Message from Chairman SECP

I would like to extend my sincere congratulations to Pakistan Mercantile Exchange as they celebrate 10 years of business operations. This is indeed a significant achievement and the Exchange has much to be proud for achieving of this milestone. In past te
Published 28 Apr, 2018 12:00am
Defence allocated Rs 1.1 trillion

Defence allocated Rs 1.1 trillion

The budget 2018-19 increased defence expenditure by 10 percent when compared with the revised estimates and 20 percent when compared with the 2017-18 budget allocation. The allocation for next fiscal year is Rs 1.1 trillion (against the budgeted Rs 920.1
Published 28 Apr, 2018 12:00am
No Netflix, no selfies at Cannes Film Festival this year

No Netflix, no selfies at Cannes Film Festival this year

The Cannes Film Festival will ban Netflix from this year's event after the video-on-demand company stood firm in its refusal to give its movies a cinema release, festival director Thierry Fremaux said in an interview. Red-carpet selfies will also be banne
Published 28 Apr, 2018 12:00am
Defence allocated Rs 1.1 trillion

Defence allocated Rs 1.1 trillion

The budget 2018-19 increased defence expenditure by 10 percent when compared with the revised estimates and 20 percent when compared with the 2017-18 budget allocation. The allocation for next fiscal year is Rs 1.1 trillion (against the budgeted Rs 920.1
Published 28 Apr, 2018 12:00am
BRIDGE NOTES: Defence par excellence

BRIDGE NOTES: Defence par excellence

Defensive problems are intricately women into the overall bidding strata and then arise at a critical point of time where the do or die decision is suddenly thrust upon the defender. Not many defenders think too far or deep. But those who do make it a poi
Published 28 Apr, 2018 12:00am
Defence allocated Rs 1.1 trillion

Defence allocated Rs 1.1 trillion

The budget 2018-19 increased defence expenditure by 10 percent when compared with the revised estimates and 20 percent when compared with the 2017-18 budget allocation. The allocation for next fiscal year is Rs 1.1 trillion (against the budgeted Rs 920.1
Published 28 Apr, 2018 12:00am
'Miss Sunshine' star Dano to make directorial debut at Cannes

'Miss Sunshine' star Dano to make directorial debut at Cannes

Hollywood star Paul Dano's much-anticipated directorial debut, "Wildlife", will open Critics' Week at the Cannes film festival next month, the organisers said Monday. The film by the "There Will Be Blood" and "Little Miss Sunshine" actor features his frie
Published 28 Apr, 2018 12:00am
Seven killed in Guatemala prison riot

Seven killed in Guatemala prison riot

Prisoners in Guatemala fought each with guns and knives in a riot that left seven dead and 25 wounded, officials said late Thursday. It took guards hours to retake control of the prison 45 kilometers (30 miles) south of Guatemala City, said Rudy Esquivel,
Published 28 Apr, 2018 12:00am
A musical resurgence has Hollywood changing its tune

A musical resurgence has Hollywood changing its tune

Hollywood is falling back in love with the movie musical, seduced by the success of Oscar winner "La La Land" and buoyed by a wave of live-action Disney adaptations. In a Tinseltown landscape largely dominated by superheroes, 2017 still saw "La La Land,"
Published 28 Apr, 2018 12:00am
''Health Levy'' introduced

''Health Levy'' introduced

The government has introduced a new tax ie Health Levy on tobacco at the rate of Rs 10 per kg from manufacturers at time of purchasing of tobacco and retained third tier of Federal Excise Duty (FED) on cigarettes with an enhanced rate of FED on all three
Published 28 Apr, 2018 12:00am
'Avatar' director Cameron says he still hopes to film four sequels

'Avatar' director Cameron says he still hopes to film four sequels

"Avatar" director James Cameron said he still aims to make four sequels to the 2009 science-fiction blockbuster and is moving ahead with production while regulators review the proposed sale of 21st Century Fox's film studio to Walt Disney Co.
Published 28 Apr, 2018 12:00am
'Health Levy' introduced

'Health Levy' introduced

The government has introduced a new tax ie Health Levy on tobacco at the rate of Rs 10 per kg from manufacturers at time of purchasing of tobacco and retained third tier of Federal Excise Duty (FED) on cigarettes with an enhanced rate of FED on all three
Published 28 Apr, 2018 12:00am
Axe marks the sport as wood-chopping booms in Australia

Axe marks the sport as wood-chopping booms in Australia

A flash of metal glinted in the Sydney sunshine as Curtis Bennett took one last swing of his axe and brought it down hard on the log at his feet. The wood split with a loud crack, triggering cheers and thunderous applause for the teenage sensation.
Published 28 Apr, 2018 12:00am
'Health Levy' introduced

'Health Levy' introduced

The government has introduced a new tax ie Health Levy on tobacco at the rate of Rs 10 per kg from manufacturers at time of purchasing of tobacco and retained third tier of Federal Excise Duty (FED) on cigarettes with an enhanced rate of FED on all three
Published 28 Apr, 2018 12:00am
More than half of world's wealthy expect to live to 100: survey

More than half of world's wealthy expect to live to 100: survey

More than half of wealthy investors around the world expect to live to the age of 100, with almost two in three planning to work longer in life to afford a comfortable retirement, according to a survey last Thursday. The UBS Investor Watch, which tracks t
Published 28 Apr, 2018 12:00am
Up to Rs 5,000 levy on mobile phone handset import

Up to Rs 5,000 levy on mobile phone handset import

Mobile phone handsets prices will increase, as the federal government has announced a new kind of levy of up to Rs 5,000 on importing mobile phone handsets. According to the Finance Bill 2018-19, there shall be levied a mobile handset levy at the rates sp
Published 28 Apr, 2018 12:00am
Losing a spouse late in life linked to cognitive decline

Losing a spouse late in life linked to cognitive decline

Older adults who lose a spouse may be more vulnerable to cognitive decline in subsequent years and require extra support and monitoring, researchers say. In the study of nearly 7,000 middle aged and older men and women, cognitive functioning declined over
Published 28 Apr, 2018 12:00am
Up to Rs 5,000 levy on mobile phone handset import

Up to Rs 5,000 levy on mobile phone handset import

Mobile phone handsets prices will increase, as the federal government has announced a new kind of levy of up to Rs 5,000 on importing mobile phone handsets. According to the Finance Bill 2018-19, there shall be levied a mobile handset levy at the rates sp
Published 28 Apr, 2018 12:00am
Night owls risk dying younger, should sleep in: study

Night owls risk dying younger, should sleep in: study

People who stay up late and have to drag themselves out of bed are likelier to die younger than those who rise and set with the Sun, researchers said Thursday. A survey of more than 430,000 people in Britain found that night owls had a 10-percent higher r
Published 28 Apr, 2018 12:00am
Up to Rs 5,000 levy on mobile phone handset import

Up to Rs 5,000 levy on mobile phone handset import

Mobile phone handsets prices will increase, as the federal government has announced a new kind of levy of up to Rs 5,000 on importing mobile phone handsets. According to the Finance Bill 2018-19, there shall be levied a mobile handset levy at the rates sp
Published 28 Apr, 2018 12:00am
Book Reviews: 'Governing the Ungovernable'

Book Reviews: 'Governing the Ungovernable'

Why is Pakistan perceived to be an "ungovernable" state? A rather bleak, perhaps verging on ignominious, first sentence to start a book; my first impressions, the author means business. But if I was expecting swift and simple solutions for transiting Paki
Published 28 Apr, 2018 12:00am
Up to Rs 5,000 levy on mobile phone handset import

Up to Rs 5,000 levy on mobile phone handset import

Mobile phone handsets prices will increase, as the federal government has announced a new kind of levy of up to Rs 5,000 on importing mobile phone handsets. According to the Finance Bill 2018-19, there shall be levied a mobile handset levy at the rates sp
Published 28 Apr, 2018 12:00am
Human thigh bone daggers were hot property in New Guinea: study

Human thigh bone daggers were hot property in New Guinea: study

New Guinea warriors harvested thigh bones from their dead fathers to fashion into ornamental but deadly daggers used to kill and maim enemies, sometimes to eat them. But why use human bone when equally lethal daggers were made from the shin bones of large
Published 28 Apr, 2018 12:00am
Miftah made finance minister

Miftah made finance minister

Just a few hours before the presentation of federal budget for 2018-19, President Mamnoon Hussain on the recommendation of Prime Minister Shahid Khaqan Abbasi administered the oath of federal finance minister to Special Advisor to the Prime Minister on Fi
Published 28 Apr, 2018 12:00am
An aura of mystique

An aura of mystique

Amin Gulgee has been exploring the world through his sculptures for about two decades and communicated with people by means of his sculptures and installations. The mystic and spiritual tone of his artworks made him more near to his roots.
Published 28 Apr, 2018 12:00am
Miftah made finance minister

Miftah made finance minister

Just a few hours before the presentation of federal budget for 2018-19, President Mamnoon Hussain on the recommendation of Prime Minister Shahid Khaqan Abbasi administered the oath of federal finance minister to Special Advisor to the Prime Minister on Fi
Published 28 Apr, 2018 12:00am
ART FACTS: Loneliness alone

ART FACTS: Loneliness alone

Based on the poetry of Faiz Ahmed Faiz about loneliness a group exhibition titled "Solitude" at Koel Gallery, Karachi presented various landscapes of imagination related to being alone. Curated by Salima Hashmi the show was a result of many different insp
Published 28 Apr, 2018 12:00am
A big boon for salaried class
Currency

A big boon for salaried class

The PMLN government has given a season end mega sale in a budget which would be real if it is owned by next government. The speech and documents are full of relief measures on direct taxation be it individuals or corporate businesses. The tax is eased at
Published 28 Apr, 2018 12:00am
Quackery and superstition: species pay the cost

Quackery and superstition: species pay the cost

A pinch of powdered chimpanzee bone, some gecko saliva, a dash of vulture brain. These are not the ingredients of a fairytale witches' brew, but some of the prized substances helping drive the multi-billion dollar illegal trade in animal parts touted to c
Published 28 Apr, 2018 12:00am
A big boon for salaried class
Currency

A big boon for salaried class

The PMLN government has given a season end mega sale in a budget which would be real if it is owned by next government. The speech and documents are full of relief measures on direct taxation be it individuals or corporate businesses. The tax is eased at
Published 28 Apr, 2018 12:00am
Many approaches may help children improve self-regulation

Many approaches may help children improve self-regulation

Yoga, exercise, education and personal skills training are among the many types of interventions that may help kids improve what's known as self-regulation, or their ability to manage their behavior and emotions, a study suggests.
Published 28 Apr, 2018 12:00am
Illusions galore?

Illusions galore?

The budget for 2017-18 creates several positive illusions at first glance but a closer look reveals little may change in terms of policy or in terms of its thrust. Total net budgeted revenue (tax and non tax) estimated at 2926 billion rupees (after subtra
Published 28 Apr, 2018 12:00am