News Archives for Print - 2018-06-24 - Business Recorder

AGL 38.80 ▲ 0.30 (0.78%)

AIRLINK 135.74 ▼ -1.11 (-0.81%)

BOP 5.55 ▼ -0.07 (-1.25%)

CNERGY 3.87 ▲ 0.01 (0.26%)

DCL 8.10 ▲ 0.17 (2.14%)

DFML 45.40 ▼ 0.00 (0%)

DGKC 87.02 ▲ 1.51 (1.77%)

FCCL 33.85 ▲ 2.25 (7.12%)

FFBL 63.40 ▲ 1.70 (2.76%)

FFL 9.87 ▲ 0.67 (7.28%)

HUBC 107.55 ▼ -1.20 (-1.1%)

HUMNL 14.36 ▼ -0.02 (-0.14%)

KEL 4.65 ▼ -0.19 (-3.93%)

KOSM 7.59 ▼ -0.15 (-1.94%)

MLCF 38.43 ▲ 0.32 (0.84%)

NBP 67.65 ▲ 0.65 (0.97%)

OGDC 180.00 ▲ 3.99 (2.27%)

PAEL 25.15 ▼ -0.05 (-0.2%)

PIBTL 6.05 ▲ 0.18 (3.07%)

PPL 140.98 ▲ 7.49 (5.61%)

PRL 24.00 ▼ -0.02 (-0.08%)

PTC 16.55 ▼ -0.27 (-1.61%)

SEARL 66.71 ▼ -1.04 (-1.54%)

TELE 7.45 ▼ 0.00 (0%)

TOMCL 35.80 ▼ -0.38 (-1.05%)

TPLP 7.71 ▼ -0.07 (-0.9%)

TREET 14.45 ▼ -0.19 (-1.3%)

TRG 49.11 ▼ -0.50 (-1.01%)

UNITY 25.52 ▲ 0.01 (0.04%)

WTL 1.30 ▼ -0.03 (-2.26%)

BR100 9,705 119.2 (1.24%)

BR30 29,311 520 (1.81%)

KSE100 90,100 1154.1 (1.3%)

KSE30 28,468 425.6 (1.52%)

اردو

Oct 25, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Print - 2018-06-24

US fashion firm sells its take on US first lady's controversial jacket

US fashion firm sells its take on US first lady's controversial jacket

A US clothing company is taking a sartorial swipe at first lady Melania Trump, selling jackets saying "I really care, don't you?" in response to the "I really don't care" jacket she wore to visit migrant children separated from their parents.

Published 24 Jun, 2018 12:00am

Boris Johnson warns against 'bog-roll Brexit'

Boris Johnson warns against 'bog-roll Brexit'

Britain's foreign minister Boris Johnson, who campaigned to leave the European Union, on Saturday warned Prime Minister Theresa May against a Brexit that was "soft, yielding and seemingly infinitely long" like toilet roll. Writing in The Sun on the second

Published 24 Jun, 2018 12:00am

Palestinians protest in Ramallah over Gaza sanctions

Palestinians protest in Ramallah over Gaza sanctions

Hundreds of Palestinians demonstrated Saturday in the occupied West Bank to demand the Palestinian Authority lift punitive measures against the Hamas-run Gaza Strip, an AFP reporter said. Demonstrators in Ramallah chanted "scrap the sanctions!" during pro

Published 24 Jun, 2018 12:00am

Syrian army gains ground in rebel south

Syrian army gains ground in rebel south

Syrian regime forces on Saturday made their first gains on the ground against rebel fighters in the southern province of Daraa after several days of intensified bombardment, a monitor said. Since Tuesday, regime troops have been ramping up shelling on opp

Published 24 Jun, 2018 12:00am

Russia rejects UN-backed call to withdraw troops from Moldova

Russia rejects UN-backed call to withdraw troops from Moldova

Russia on Saturday rejected an international call backed by the United Nations for it to withdraw troops from the Transdniestr breakaway region of Moldova. The Russian foreign ministry said in a statement that its troops stationed in ex-Moldova's Transdni

Published 24 Jun, 2018 12:00am

UAE says ready to back efforts for peaceful Yemen rebel pullout

UAE says ready to back efforts for peaceful Yemen rebel pullout

The United Arab Emirates, whose troops have played a major role in a Yemeni government offensive against the port city of Hodeida, said Saturday that it was ready to support diplomatic efforts to secure a rebel withdrawal.

Published 24 Jun, 2018 12:00am

Romania's Iohannis announces bid for second term as president

Romania's Iohannis announces bid for second term as president

Romanian President Klaus Iohannis announced Saturday he will run for a second term at next year's election, amid rumours that the left-wing ruling coalition wants to impeach him for violating the constitution. "I'm firmly determined to run for a new term

Published 24 Jun, 2018 12:00am

EU deploys first vote monitors in Zimbabwe since 2002

EU deploys first vote monitors in Zimbabwe since 2002

The European Union Saturday began deploying election observers in Zimbabwe for the first time in 16 years, ahead of next month's vote. The July 30 election will be the first in the country since veteran leader Robert Mugabe was ousted following a brief mi

Published 24 Jun, 2018 12:00am

Zimbabwe's president unhurt after 'cowardly' blast at rally

Zimbabwe's president unhurt after 'cowardly' blast at rally

President Emmerson Mnangagwa escaped injury in an explosion at a political rally on Saturday, and vowed the "cowardly act" would not derail Zimbabwe's first election since the ouster of former strongman Robert Mugabe. Mnangagwa, a former Mugabe loyalist i

Published 24 Jun, 2018 12:00am

France calls for sanctions as Italy defiant on stranded migrant ship

France calls for sanctions as Italy defiant on stranded migrant ship

EU states that refuse to accept migrants should face financial penalities, French President Emmanuel Macron said Saturday on the eve of an emergency mini-summit in Brussels about the escalating crisis dividing Europe. It came after Italy's new populist go

Published 24 Jun, 2018 12:00am

Stepping on the gas: China's home-built fracking boom

Stepping on the gas: China's home-built fracking boom

On a flattened mountaintop a two-and-half-hour drive south of Chongqing in southwest China, a fleet of towering, red fracking trucks pumps chemicals and sand into a 1,500-metre horizontal well deep under the ground. The equipment was designed and built by

Published 24 Jun, 2018 12:00am

Indonesia's growing thirst for coffee drains premium bean supplies

Indonesia's growing thirst for coffee drains premium bean supplies

For decades, Indonesia has supplied coffee roasters worldwide with prized beans that give a distinctive taste to brews favoured by connoisseurs. Most locals, however, preferred tea. But now, as younger generations switch to coffee and hundreds of independ

Published 24 Jun, 2018 12:00am

India ships more cotton to China as 25 percent tax spoils US supply

Cotton

India ships more cotton to China as 25 percent tax spoils US supply

India's cotton shipments to China could grow five-fold to 5 million bales (850,000 tonnes) in the next crop year as exporters rack up orders amid a trade war that is forcing the world's top consumer to look for other sources of supply.

Published 24 Jun, 2018 12:00am

China aluminium production rises 1.5 percent

China aluminium production rises 1.5 percent

China's aluminium production in May rose 1.5 percent to 2.79 million tonnes from a year earlier, data released by the National Bureau of Statistics showed on Thursday. On a daily basis, the world's top aluminium producer churned out 90,000 tonnes of the m

Published 24 Jun, 2018 12:00am

ICE cotton marks biggest weekly decline in nine months

Cotton

ICE cotton marks biggest weekly decline in nine months

ICE cotton futures rose more than 1 percent on Friday, supported by a rebound in commodity prices, but the natural fibre marked its worst week in nine months amid escalating trade tensions between the United States and China. The most active cotton contra

Published 24 Jun, 2018 12:00am

Shanghai Futures Exchange gets approval for new rubber futures

Shanghai Futures Exchange gets approval for new rubber futures

The Shanghai Futures Exchange (ShFE) said on Tuesday the China Securities Regulatory Commission (CSRC) had approved the launch of technically specified rubber (TSR) 20 futures on the exchange. China is the world's top importer and consumer of TSR 20 rubbe

Published 24 Jun, 2018 12:00am

Brazil logistical woes threaten China's record soyabean stocks

Brazil logistical woes threaten China's record soyabean stocks

Soyabean supply at Chinese ports has hit a record high this month, a possible sign that crushers purposely loaded up on the Brazilian product in fear that soured US-China trade relations would ultimately make beans harder to obtain. For the soyabean marke

Published 24 Jun, 2018 12:00am

Coffee prices an 'embarrassment': Colombia federation head

Currency

Coffee prices an 'embarrassment': Colombia federation head

Current international coffee prices of around $1.15 per lb are an "embarrassment," the head of Colombia's coffee federation said on Wednesday, and growers are struggling to make a living off the crop. Colombia is the world's top producer of washed arabica

Published 24 Jun, 2018 12:00am

Ivory Coast aims to grind one million tonnes of cocoa beans by 2022

Ivory Coast aims to grind one million tonnes of cocoa beans by 2022

Top cocoa producer Ivory Coast could grind 50 percent of its current output locally by 2022, boosted by fiscal measures and incentives given to companies in the sector, the deputy head of the Coffee Cocoa Council (CCC) marketing board said on Friday. "Yes

Published 24 Jun, 2018 12:00am

China's wheat output set to drop sharply in wake of bad weather

China's wheat output set to drop sharply in wake of bad weather

China's wheat output could drop as much as 20 percent this crop year after bad weather hit fields in major growing areas, likely boosting imports by the world's top producer and consumer of the grain, traders and an analyst said. Increased Chinese demand

Published 24 Jun, 2018 12:00am

Prices of essential kitchen items witness decline after Eid

Prices of essential kitchen items witness decline after Eid

Prices of essential kitchen items have witnessed a decline after the passage of Eid-ul-Fitr, a survey conducted by Business Recorder revealed, here on Saturday. It was noted that prices of all the major daily use items especially vegetables, fruits

Published 24 Jun, 2018 12:00am

LCCI's online membership system opens

LCCI's online membership system opens

Lahore Chamber of Commerce and Industry (LCCI) President Malik Tahir Javaid Saturday inaugurated modern system for issuance of online membership to the business community.

Published 24 Jun, 2018 12:00am

Shell inducts 120 new oil tankers into its haulier fleet

Shell inducts 120 new oil tankers into its haulier fleet

Shell Pakistan Limited (SPL), one of the world's leading energy companies, Saturday inducted 120 new state-of-the-art oil tankers to its haulier fleet at its Machike oil terminal. The induction of 120 new compliant oil tankers into its dedicated haulier f

Published 24 Jun, 2018 12:00am

Rangers' deployment extended for 60 days

Rangers' deployment extended for 60 days

The Punjab government has given approval for extension in deployment of Rangers in the province for 60 days. The summary of extension in deployment of Rangers would be sent to Interior Ministry for final approval. Under Anti-Terrorism Act 1997 Rangers wer

Published 24 Jun, 2018 12:00am

End-May 2018: number of 3G, 4G users in Pakistan reaches 55.47 million

End-May 2018: number of 3G, 4G users in Pakistan reaches 55.47 million

The number of 3G and 4G users in Pakistan reached 55.47 million by end-May 2018, said Pakistan Telecommunication Authority (PTA). Number of mobile phone users in Pakistan reached 150.32 million by end-May 2018 compared to 149.66 by end-April 2018, which r

Published 24 Jun, 2018 12:00am

KP chief minister urges officials to save water sources

KP chief minister urges officials to save water sources

Caretaker Chief Minister Khyber Pakhtunkhwa, Justice Dost Mohammad Khan (Retd) has directed the Energy & Power Department to set aside the traditional procedure to bring modernism and activation in their working to achieve the desired targets in energy se

Published 24 Jun, 2018 12:00am

Two hotels sealed for selling unhygienic food

Two hotels sealed for selling unhygienic food

The Khyber Pakhtunkhwa Food Safety and Halal Food Authority has operationalized its offices at tourists' attraction of Galyat and Bahrain, while acting upon the public complaints, the authority has sealed two hotels and charged four others with heavy fine

Published 24 Jun, 2018 12:00am

Dams' water level down: residents of twin cities face acute water shortage

Dams' water level down: residents of twin cities face acute water shortage

The twin cities Islamabad and Rawalpindi grapple with severe water shortage as water level in Rawal and Simly dams has gone down drastically. Rawal Dam, which is under the administrative control of Small Dams Organization (SDO), an entity working under th

Published 24 Jun, 2018 12:00am

Redeemable capital: SECP notifies persons to whom any instrument may be issued

Mutual Funds

Redeemable capital: SECP notifies persons to whom any instrument may be issued

The Securities and Exchange Commission of Pakistan (SECP) has notified Mutual Funds, Voluntary Pension Schemes, Private Funds and insurers as persons to whom any instrument in the nature of redeemable capital may be issued by the companies.

Published 24 Jun, 2018 12:00am

DG CAA visits Allama Iqbal Airport

DG CAA visits Allama Iqbal Airport

Civil Aviation Authority Director General Hassan Baig on Saturday visited Allama Iqbal International Airport. Airport Manager Tahir Sikander briefed the DG about different functions and facilities of airport. Prior to briefing the DG also visited operatio

Published 24 Jun, 2018 12:00am

Askari reviews polls' arrangements: government to provide foolproof security to political leaders

Askari reviews polls' arrangements: government to provide foolproof security to political leaders

The interim Punjab government has decided to provide foolproof security to main leaders of political parties apart from extending 'box security' for the movement of these leaders while necessary security cover will also be provided to contesting candidate

Published 24 Jun, 2018 12:00am

Number of female polling stations increased in Sialkot

Number of female polling stations increased in Sialkot

District Election Commission Sialkot Faseeh Uddin District has said that Election Commission of Pakistan is making unprecedented and fool proof arrangements to conduct the general elections 2018 elections. Monitoring teams have been organized which will r

Published 24 Jun, 2018 12:00am

Confusion regarding Bilawal's assets clarified

Confusion regarding Bilawal's assets clarified

Reacting to reports concerning Bilawal Bhutto Zardari's asset details, spokesman to the Chairman, Senator Mustafa Nawaz Khokhar, has said: "We have noticed that a lot is being said regarding Chairman PPP Bilawal Bhutto Zardari's asset details. The PPP wou

Published 24 Jun, 2018 12:00am

Over 206,000 cops to guard polling stations across Punjab

Over 206,000 cops to guard polling stations across Punjab

In order to ensure peaceful atmosphere during the upcoming general elections 2018, the Punjab police have decided to depute over 206,000 police officers including police volunteers inside and outside polling stations across the province, it was learnt on

Published 24 Jun, 2018 12:00am

Punjab Agriculture Expo begins

Punjab Agriculture Expo begins

Agriculture department organized Punjab Agri Expo 2018 to highlight the importance of fruits, vegetables and high value agriculture crops, rice of country's own produced at international level. Expo will come to an end on June 24. Minister for Agriculture

Published 24 Jun, 2018 12:00am

Petition against Nisar's candidature from NA-63 dismissed

Petition against Nisar's candidature from NA-63 dismissed

A petition against former interior minister Chaudhry Nisar Ali Khan's candidature was rejected by an appellate tribunal on Saturday. Nisar will contest the General Election 2018 as an independent candidate after his three-decade-long association with Paki

Published 24 Jun, 2018 12:00am

I have not quit politics, says Musharraf

I have not quit politics, says Musharraf

Former President Pervez Musharraf in a video message on Saturday clarified that he has not quit politics. Musharraf said he had been planning to contest the upcoming general elections but wanted certain assurances, including that of not being arrested, th

Published 24 Jun, 2018 12:00am

PML-N all set to start election campaign from Karachi

PML-N all set to start election campaign from Karachi

The Pakistan Muslim League-Nawaz (PML-N) is set to start its election campaign for July 25 general elections from Karachi from where Shahbaz Sharif is also in the run for the national assembly seat. PML-N president Shahbaz Sharif will undertake a two-day

Published 24 Jun, 2018 12:00am

Pakistan-Kazakhstan sign MoU on disaster management

Pakistan-Kazakhstan sign MoU on disaster management

Pakistan and Kazakhstan signed a Memorandum of Understanding (MoU) to co-operate in the field of disaster management. On the sidelines of 6th RTG meeting here on Friday. Chairman National Disaster Management Authority (NDMA) Lieutenant-General Omar Mahmoo

Published 24 Jun, 2018 12:00am

Rajwana inaugurates CCHA's national outreach programme

Rajwana inaugurates CCHA's national outreach programme

Cadet College Hassan Abdal (CCHA) Outreach Programme is like a drop in the ocean, it can very well trigger a chain reaction leading to the development and mainstreaming of neglected areas". This was stated by Punjab Governor Malik Muhammad Rafique Rajwana

Published 24 Jun, 2018 12:00am

Sirajul Haq declares assets worth Rs 2.9 million

Sirajul Haq declares assets worth Rs 2.9 million

Unlike the heads of other political parties who have declared massive assets, Ameer Jamaat-e-Islami (JI) Pakistan Sirajul Haq declared the total value of his assets at Rs 2.9 million. According to the statement of assets he annexed with his nomination pap

Published 24 Jun, 2018 12:00am

Related-party deals, record: training of directors, employees to be mandatory: SECP

Related-party deals, record: training of directors, employees to be mandatory: SECP

The Securities and Exchange Commission of Pakistan (SECP) has decided to make it mandatory for the board of directors of companies to educate and train their directors and relevant employees to identify and report the related party transactions to the boa

Published 24 Jun, 2018 12:00am

Rs 752.15 billion released under PSDP

Rs 752.15 billion released under PSDP

The government has released Rs 752.15 billion (75.14 per cent) including Rs 182 billion foreign aid for different development projects so far under the Public Sector Development Program (PSDP) 2017-18 against the total budgeted allocation of Rs 1,001 bill

Published 24 Jun, 2018 12:00am

Pulses' import cut by 47 percent in 11 months

Pulses' import cut by 47 percent in 11 months

The country's pulses import marked 47 percent decline to $482.749 million in July-May 2017-18 from $902.923 million in July-May 2016-17, according to Pakistan Bureau of Statistics. Official figures show that in term of quantity, pulses import declined by

Published 24 Jun, 2018 12:00am

Independent candidate richest among all politicians

Independent candidate richest among all politicians

An independent candidate from Muzaffargarh's NA-182 shocked everyone after he declared his assets worth Rs 4.3 trillion. Muhammad Hussain alias Munna Sheikh's nomination papers shows that despite possessing such humongous amount of assets, he has not paid

Published 24 Jun, 2018 12:00am

Tickets granted to unknown people: PTI leader

Tickets granted to unknown people: PTI leader

Pakistan Tehreek-e-Insaf leader Waleed Iqbal disgruntled over the distribution of party tickets remarked on Saturday that tickets have been given to those members whose face no one has ever seen. Addressing a press conference here he said the ticket distr

Published 24 Jun, 2018 12:00am

Qadri announces not to contest elections

Qadri announces not to contest elections

Pakistan Awami Tehreek (PAT) chief Dr Tahir-ul-Qadri on Saturday has announced not to contest in upcoming general elections 2018. In a statement regarding Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan, Tahir-ul-Qadri asked, "Why you staged sit-in, when

Published 24 Jun, 2018 12:00am

Objections to Imran's nomination papers for NA-243 rejected

Objections to Imran's nomination papers for NA-243 rejected

Sindh Elections Appellate Tribunal on Saturday rejected a petition against nomination papers of Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan to contest for National Assembly's seat from Karachi's constituency NA-243.

Published 24 Jun, 2018 12:00am

Constant bullying of activists not acceptable: HRCP

Constant bullying of activists not acceptable: HRCP

The Human Rights Commission of Pakistan (HRCP) has expressed its serious concern over the ransacking of human rights activist Marvi Sirmed's home in Islamabad.

Published 24 Jun, 2018 12:00am

MMA manifesto heralds dignity of institutions: Baloch

MMA manifesto heralds dignity of institutions: Baloch

Jamaat e Islami's secretary general Liaquat Baloch, who is also the secretary general of the religio-political parties alliance MMA, has said people of Pakistan will lay the foundation of an Islamic revolution on the July 25 and that will lead towards an

Published 24 Jun, 2018 12:00am

NA-95 Mianwali: notice issued to ECP, others over Imran's plea

NA-95 Mianwali: notice issued to ECP, others over Imran's plea

The appellate tribunal on Saturday issued notices to Election Commission of Pakistan (ECP) and other parties over Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan's petition against the verdict of returning officer in NA-95 Mianwali constituency.

Published 24 Jun, 2018 12:00am

Bilawal's election campaign launched in Malakand

Bilawal's election campaign launched in Malakand

Pakistan Peoples' Party (PPP) Khyber Pakhtunkhwa has launched election campaign for Bilawal Bhutto Zardari from National Assembly constituency NA-8, Malakand. The campaign was launched from far-flung and backward areas of the constituency included Khanori

Published 24 Jun, 2018 12:00am

Election campaign: PPP for removal of banners, billboards within 48 hours

Election campaign: PPP for removal of banners, billboards within 48 hours

Pakistan Peoples Party (PPP) has urged the Election Commission of Pakistan to ensure impartiality in the election and remove all the banner and billboards installed by candidates on different prominent spots on main roads within 48 hours otherwise the PPP

Published 24 Jun, 2018 12:00am

UN chief focuses on Islamic values at Eid reception

UN chief focuses on Islamic values at Eid reception

Secretary-General United Nations Antonio Guterres highlighted Islam's values of tolerance, respect and openness at a glittering Eid-ul-Fitr reception hosted by Pakistan, with the sponsorship of six other Muslim countries, at UN headquarters in New York on

Published 24 Jun, 2018 12:00am

Imtiaz Siddiqui appointed AG Punjab

Imtiaz Siddiqui appointed AG Punjab

The caretaker government Punjab has appointed senior lawyer Imtiaz Rasheed Siddiqui as Advocate General of Punjab (AGP) and he took the charge on Saturday.

Published 24 Jun, 2018 12:00am

Robberies, thefts on the rise in capital

Robberies, thefts on the rise in capital

Despite heightened security in and around the federal capital, over eight cases of robbery, four cases of auto theft and three cases of kidnapping were reported to various police stations of the city during the last week.

Published 24 Jun, 2018 12:00am

PML-N announces names of NA candidates from KP

PML-N announces names of NA candidates from KP

Pakistan Muslim League-Nawaz (PML-N) Saturday announced its candidates contesting the 2018 general election on general seats of National Assembly from Khyber Pakhtunkhwa. Former Punjab chief minister Shahbaz Sharif will be contesting the elections from NA

Published 24 Jun, 2018 12:00am

MMA's first pre-election power show in Peshawar today

MMA's first pre-election power show in Peshawar today

Muttahida Majlis-e-Amal (MMA), an alliance of religious parties will hold it's a first-ever pre-election political power show in Peshawar today (Sunday).The announcement was made by the MMA provincial senior vice president, Senator Mushtaq Ahmad Khan whil

Published 24 Jun, 2018 12:00am

Disgruntled PTI workers to contest elections as independent candidates

Disgruntled PTI workers to contest elections as independent candidates

The ticket aspirants and disgruntled workers of the Pakistan Tehreek-e-Insaf (PTI) on Saturday opposed the award of tickets of three provincial constituencies of Mardan district and announced to contest election as independent candidates against the PTI c

Published 24 Jun, 2018 12:00am

Ali Zafar files Rs 1 billion damages suit against Meesha

Ali Zafar files Rs 1 billion damages suit against Meesha

Renowned singer Ali Zafar has filed Rs 1 billion damages suit against Meesha Shafi accusing him of sexual harassment. The suit filed before session's court through Khwaja Ahmad Tariq Raheem who stated that Ms Shafi failed to withdraw her allegations; shou

Published 24 Jun, 2018 12:00am

ANP to fulfill all electoral commitments: Iftikhar

ANP to fulfill all electoral commitments: Iftikhar

ANP's general secretary, Mian Iftikhar Hussain has said that the electoral manifesto of ANP speaks for bringing improvement in the standard of life for the people, and after coming into power ANP will fulfill all commitments, he added.

Published 24 Jun, 2018 12:00am

'Political opportunists' to face crushing defeat on July 25: Nisar

'Political opportunists' to face crushing defeat on July 25: Nisar

Disgruntled Pakistan Muslim League-Nawaz (PML) leader Chaudhry Nisar Ali Khan, who has announced to contest forthcoming elections as an independent candidate, on Saturday claimed that he would bag 172,000 votes.

Published 24 Jun, 2018 12:00am

The 2018 elections

The 2018 elections

I was deeply impressed by an article by Shahid Hussain Asad carried by Business Recorder on June 16 regarding a recipe of how to improve governance amongst the parliamentarians in the forthcoming elections. I may add that it would be advisable not

Published 24 Jun, 2018 12:00am

Imran's growing popularity

Imran's growing popularity

This is apropos a Business Recorder editorial "PTI workers' 'revolt'" carried by the newspaper on Friday. The newspaper concluded its argument by saying that "the PTI leadership seems to have underestimated the depth of the training received over m

Published 24 Jun, 2018 12:00am

Concern over Nigeria's Boko Haram homeless returns

Concern over Nigeria's Boko Haram homeless returns

Nigeria is encouraging thousands of people displaced by Boko Haram violence to return home, insisting they can do so in safety as troops wind up operations against the jihadists.

Published 24 Jun, 2018 12:00am

Easy as A, B, Xi: China gives economic lessons to North Korea

Easy as A, B, Xi: China gives economic lessons to North Korea

Chinese President Xi Jinping has coached his North Korean counterpart Kim Jong Un on high-stakes diplomacy. Now he seems poised to give the young autocrat another lesson: how to reform a state-controlled economy while keeping an iron grip on power.

Published 24 Jun, 2018 12:00am

Data services: Economy needs streamlining

Data services: Economy needs streamlining

No national policy can be comprehensive and durable unless backed by robust data derived from reliable sources and made available in a timely manner to policy managers. It may be mentioned here that David Spiegelhalter, President of Royal Statistical Soci

Published 24 Jun, 2018 12:00am

'Threat' to data security

'Threat' to data security

An unseemly row broke out between the Election Commission of Pakistan (ECP) and the National Database and Registration Authority (NADRA) over the alleged 'leak' of electoral rolls data from the latter. To add fuel to the fire, PTI accused the NADRA Chairm

Published 24 Jun, 2018 12:00am

Eid spending

Currency

Eid spending

According to a section of the press, total Eid spending crossed the one trillion rupee mark - a boost of around 15 percent. The comparable religious holiday of Christmas is also traditionally marked by a massive rise in private consumption; for example, i

Published 24 Jun, 2018 12:00am

Despite summit, North Korea still a nuclear threat, says Trump

Despite summit, North Korea still a nuclear threat, says Trump

US President Donald Trump on Friday cited "an unusual and extraordinary threat" from North Korea's nuclear arsenal to extend sanctions on Kim Jong Un's regime, despite touting the success of a historic summit earlier this month. After flying back to Washi

Published 24 Jun, 2018 12:00am

Despite summit, North Korea still a nuclear threat, says Trump

Despite summit, North Korea still a nuclear threat, says Trump

US President Donald Trump on Friday cited "an unusual and extraordinary threat" from North Korea's nuclear arsenal to extend sanctions on Kim Jong Un's regime, despite touting the success of a historic summit earlier this month. After flying back to Washi

Published 24 Jun, 2018 12:00am

Mobile phones import witnesses 19.28 percent growth in first 11 months

Mobile phones import witnesses 19.28 percent growth in first 11 months

Mobile phones import witnessed a phenomenal growth of 19.28 percent in the first eleven months (July-May 2017-18) as it remained $759.969 million compared to $637.14 million during the same period of July-May 2016-17. Mobile phones import in May 2018 incr

Published 24 Jun, 2018 12:00am

Mobile phones import witnesses 19.28 percent growth in first 11 months

Mobile phones import witnesses 19.28 percent growth in first 11 months

Mobile phones import witnessed a phenomenal growth of 19.28 percent in the first eleven months (July-May 2017-18) as it remained $759.969 million compared to $637.14 million during the same period of July-May 2016-17. Mobile phones import in May 2018 incr

Published 24 Jun, 2018 12:00am

Mobile phones import witnesses 19.28 percent growth in first 11 months

Mobile phones import witnesses 19.28 percent growth in first 11 months

Mobile phones import witnessed a phenomenal growth of 19.28 percent in the first eleven months (July-May 2017-18) as it remained $759.969 million compared to $637.14 million during the same period of July-May 2016-17. Mobile phones import in May 2018 incr

Published 24 Jun, 2018 12:00am

FATA's merger with KP: Process to be completed in six months: minister

FATA's merger with KP: Process to be completed in six months: minister

Minister for Information Syed Ali Zafar has expressed hope the process of FATA's merger with Khyber Pakhtunkhwa will be completed in six months. In an interview, he said the committee formed to materialize FATA's merger with Khyber Pakhtunkhwa is working

Published 24 Jun, 2018 12:00am

FATA's merger with KP: Process to be completed in six months: minister

FATA's merger with KP: Process to be completed in six months: minister

Minister for Information Syed Ali Zafar has expressed hope the process of FATA's merger with Khyber Pakhtunkhwa will be completed in six months. In an interview, he said the committee formed to materialize FATA's merger with Khyber Pakhtunkhwa is working

Published 24 Jun, 2018 12:00am

US family reunification 'task force' seen as Dems keep up pressure

US family reunification 'task force' seen as Dems keep up pressure

A US task force has been set up to reunify migrant families divided at the Mexican border under President Donald Trump's "zero tolerance" approach, a report said, as opposition Democrats on Saturday kept up the pressure against a "barbaric" policy. Trump

Published 24 Jun, 2018 12:00am

US family reunification 'task force' seen as Dems keep up pressure

US family reunification 'task force' seen as Dems keep up pressure

A US task force has been set up to reunify migrant families divided at the Mexican border under President Donald Trump's "zero tolerance" approach, a report said, as opposition Democrats on Saturday kept up the pressure against a "barbaric" policy. Trump

Published 24 Jun, 2018 12:00am

How legal experts look at Sharifs' strategy

How legal experts look at Sharifs' strategy

Former prime minister Nawaz Sharif, his daughter Maryam Nawaz and her husband former captain Safdar failed to present any witness on their behalf, or documentary proof, and never gave their testimony under oath, claiming that the prosecution had failed to

Published 24 Jun, 2018 12:00am

How legal experts look at Sharifs' strategy

How legal experts look at Sharifs' strategy

Former prime minister Nawaz Sharif, his daughter Maryam Nawaz and her husband former captain Safdar failed to present any witness on their behalf, or documentary proof, and never gave their testimony under oath, claiming that the prosecution had failed to

Published 24 Jun, 2018 12:00am

FO contacts US State department about Dr Aafia's alleged maltreatment

FO contacts US State department about Dr Aafia's alleged maltreatment

Foreign Office of Pakistan on Saturday contacted United States Department of State regarding alleged mistreatment of Pakistani scientist Dr Aafia Siddiqui, imprisoned in Texas. The spokesman of State Department has confirmed that Pakistan FO had asked abo

Published 24 Jun, 2018 12:00am

FO contacts US State department about Dr Aafia's alleged maltreatment

FO contacts US State department about Dr Aafia's alleged maltreatment

Foreign Office of Pakistan on Saturday contacted United States Department of State regarding alleged mistreatment of Pakistani scientist Dr Aafia Siddiqui, imprisoned in Texas. The spokesman of State Department has confirmed that Pakistan FO had asked abo

Published 24 Jun, 2018 12:00am

BR staffer Jalil Hassan Akhtar Raja passes away

BR staffer Jalil Hassan Akhtar Raja passes away

Senior journalist and staffer of Business Recorder Jalil Hassan Akhtar Raja died of cardiac arrest on Friday night. He was 65. He has left behind wife, two sons. Caretaker Chief Minister Punjab Dr. Hasan Askari has expressed grief and sorrow over h

Published 24 Jun, 2018 12:00am

BR staffer Jalil Hassan Akhtar Raja passes away

BR staffer Jalil Hassan Akhtar Raja passes away

Senior journalist and staffer of Business Recorder Jalil Hassan Akhtar Raja died of cardiac arrest on Friday night. He was 65. He has left behind wife, two sons. Caretaker Chief Minister Punjab Dr. Hasan Askari has expressed grief and sorrow over h

Published 24 Jun, 2018 12:00am

Three real siblings drown in pond

Three real siblings drown in pond

Three children of a family drowned in water pond near Faiz Gunj here on Saturday. According to details, the three siblings - a sister and two brother were playing in front of house at village Kheo Jeho near village Bhango Behan of Taluka Faiz Gunj when al

Published 24 Jun, 2018 12:00am

Six militants killed, two soldiers martyred in SW

Six militants killed, two soldiers martyred in SW

Six militants and two soldiers were killed on Saturday during a fierce gunfight in South Waziristan, military and local security officials said. The clash took place in South Waziristan's Spina Mela village after security forces were tipped off about the

Published 24 Jun, 2018 12:00am

Six militants killed, two soldiers martyred in SW

Six militants killed, two soldiers martyred in SW

Six militants and two soldiers were killed on Saturday during a fierce gunfight in South Waziristan, military and local security officials said. The clash took place in South Waziristan's Spina Mela village after security forces were tipped off about the

Published 24 Jun, 2018 12:00am

Mufti Mehsud new TTP head

Mufti Mehsud new TTP head

Tehrik-e-Taliban announced it had appointed a new leader on Saturday after the militant group confirmed for the first time its former chief Maulana Fazlullah was killed in a US drone strike last week. Fazlullah is believed to have ordered the failed 2012

Published 24 Jun, 2018 12:00am

Mufti Mehsud new TTP head

Mufti Mehsud new TTP head

Tehrik-e-Taliban announced it had appointed a new leader on Saturday after the militant group confirmed for the first time its former chief Maulana Fazlullah was killed in a US drone strike last week. Fazlullah is believed to have ordered the failed 2012

Published 24 Jun, 2018 12:00am

Crisis in power sector: Nothing done for financial stability, T&D network: Ex-MD Pepco

Crisis in power sector: Nothing done for financial stability, T&D network: Ex-MD Pepco

Failure to adopt a holistic approach to effectively deal with the power crisis by focusing only on generation while ignoring the sector''s financial stability or improving the transmission and distribution system is the major reason behind the continuing

Published 24 Jun, 2018 12:00am

Crisis in power sector: Nothing done for financial stability, T&D network: Ex-MD Pepco

Crisis in power sector: Nothing done for financial stability, T&D network: Ex-MD Pepco

Failure to adopt a holistic approach to effectively deal with the power crisis by focusing only on generation while ignoring the sector's financial stability or improving the transmission and distribution system is the major reason behind the continuing c

Published 24 Jun, 2018 12:00am

Crisis in power sector: Nothing done for financial stability, T&D network: Ex-MD Pepco

Crisis in power sector: Nothing done for financial stability, T&D network: Ex-MD Pepco

Failure to adopt a holistic approach to effectively deal with the power crisis by focusing only on generation while ignoring the sector's financial stability or improving the transmission and distribution system is the major reason behind the continuing c

Published 24 Jun, 2018 12:00am

90 percent local people employed on six mega projects under CPEC

90 percent local people employed on six mega projects under CPEC

Six mega infrastructure development projects under China-Pakistan Economic Corridor (CPEC) doled out more jobs to locals than foreigners, a study revealed. The Chinese surpassed by Pakistanis in terms of getting the jobs and this fact brushed aside the im

Published 24 Jun, 2018 12:00am

90 percent local people employed on six mega projects under CPEC

90 percent local people employed on six mega projects under CPEC

Six mega infrastructure development projects under China-Pakistan Economic Corridor (CPEC) doled out more jobs to locals than foreigners, a study revealed. The Chinese surpassed by Pakistanis in terms of getting the jobs and this fact brushed aside the im

Published 24 Jun, 2018 12:00am

90 percent local people employed on six mega projects under CPEC

90 percent local people employed on six mega projects under CPEC

Six mega infrastructure development projects under China-Pakistan Economic Corridor (CPEC) doled out more jobs to locals than foreigners, a study revealed. The Chinese surpassed by Pakistanis in terms of getting the jobs and this fact brushed aside the im

Published 24 Jun, 2018 12:00am

SBP unveils procedure for investment in amnesty bonds

Currency

SBP unveils procedure for investment in amnesty bonds

The State Bank of Pakistan (SBP) Saturday announced the procedure for investment in "Government of Pakistan US Dollars Denominated Amnesty Bonds, 2018" under the tax amnesty scheme 2018. As per rules, approved by the caretaker cabinet on Friday, any citiz

Published 24 Jun, 2018 12:00am

SBP unveils procedure for investment in amnesty bonds

Currency

SBP unveils procedure for investment in amnesty bonds

The State Bank of Pakistan (SBP) Saturday announced the procedure for investment in "Government of Pakistan US Dollars Denominated Amnesty Bonds, 2018" under the tax amnesty scheme 2018. As per rules, approved by the caretaker cabinet on Friday, any citiz

Published 24 Jun, 2018 12:00am

SBP unveils procedure for investment in amnesty bonds

Currency

SBP unveils procedure for investment in amnesty bonds

The State Bank of Pakistan (SBP) Saturday announced the procedure for investment in "Government of Pakistan US Dollars Denominated Amnesty Bonds, 2018" under the tax amnesty scheme 2018. As per rules, approved by the caretaker cabinet on Friday, any citiz

Published 24 Jun, 2018 12:00am

SBP unveils procedure for investment in amnesty bonds

Currency

SBP unveils procedure for investment in amnesty bonds

The State Bank of Pakistan (SBP) Saturday announced the procedure for investment in "Government of Pakistan US Dollars Denominated Amnesty Bonds, 2018" under the tax amnesty scheme 2018. As per rules, approved by the caretaker cabinet on Friday, any citiz

Published 24 Jun, 2018 12:00am

Amnesty scheme: non-declarants to face consequences: FBR chief

Amnesty scheme: non-declarants to face consequences: FBR chief

Federal Board of Revenue (FBR) Chairman Tariq Mahmood Pasha Saturday said individuals who fail to declare their assets under voluntary amnesty scheme will face the consequences after June 30, 2018. Speaking at the Federation of Pakistan Chambers of Commer

Published 24 Jun, 2018 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 24	277.93
USD PKR Interbank Buying / Oct 24	277.73
USD to Japanese Yen / Oct 24	151.84
USD to Swiss Franc / Oct 24	0.87
Pound Sterling to USD / Oct 24	1.30
Euro to USD / Oct 24	1.08

Stock	Volume
S&P 500 / Oct 24	5,809.86
India Sensex / Oct 24	80,065.16
Tokyo Nikkei / Oct 24	37,799.72
Nasdaq / Oct 24	18,415.49
Hang Seng / Oct 24	20,685.51
FTSE 100 / Oct 24	8,269.38
Dow Jones / Oct 24	42,374.36
Germany DAX 30 / Oct 24	19,443

Item	Value
Crude Oil USD/Barrel / Oct 24	70.32
Karachi Cotton PKR/37.32 KG / Oct 24	18,085
Gold 10 Grams PKR / Oct 24	242,713
Gold Spot USD/Ounce / Oct 24	2,726.33
Cotton US¢/pound / Oct 24	71.53
Petrol/Litre / Oct 25	247.03

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Oct 25 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Oct 25 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 25 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Oct 25 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 25 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Oct 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Oct 25 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Oct 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Oct 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Oct 25 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Oct 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Oct 25 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Oct 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Oct 25 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Oct 25 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Oct 25 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Oct 25 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Oct 25 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Oct 25 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Oct 25 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Oct 25 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Oct 25 Telecard Limited(TELE)	12,358,668 ▲ 0.00

Markets →

Budget 2024-25: income tax calculator for FY25

Most Popular

Today
Yesterday
Past 3 Days

Gold price per tola decreases Rs2,300 in Pakistan

Gold price per tola decreases Rs2,300 in Pakistan

NJLI Sarmaya Growth Fund Rates

Pakistan aims to privatise flag carrier PIA in November: finance minister

Pakistan aims to privatise flag carrier PIA in November: finance minister

NA informed: Final auction for PIA on 30th

NA informed: Final auction for PIA on 30th

IMF projects 2.1pc increase in govt expenditure

IMF projects 2.1pc increase in govt expenditure

Here is the full text of Constitution (26th Amendment) Act, 2024

Here is the full text of Constitution (26th Amendment) Act, 2024

OGDCL finds new gas reserves in Sindh

OGDCL finds new gas reserves in Sindh

MoF unwilling to legalise revenue-based load shedding

MoF unwilling to legalise revenue-based load shedding

PSX inks new record, KSE-100 settles near 89,000 mark

PSX inks new record, KSE-100 settles near 89,000 mark