News Archives for Print - 2018-07-15

Five arrested in Rs 63.687 billion petroleum sale, purchase scam

National Accountability Bureau (NAB) Karachi on Saturday claimed to have arrested five accused persons wanted in Rs 63.687 billion petroleum sale purchase scam during a series of raids at Karachi, Islamabad and Gilgit Baltistan.

Published 15 Jul, 2018 12:00am

'Competitive energy tariff should be given to export sector'

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has suggested that competitive energy tariff should be given to export sector in accordance to the competitors in the region including China, Bangladesh and India where ener

Published 15 Jul, 2018 12:00am

Business community slams Mustung, Bannu suicidal attacks

Business and industrial community have strongly condemned the recent two separate terrorist attacks in Balochistan and Khyber Pakhtunkhwa that claimed over 150 people lives and 200 injured and demanded the government to capture culprits behind the inciden

Published 15 Jul, 2018 12:00am

Team Trump plays nice in first visit to Mexico president-elect

Top officials from US President Donald Trump's administration met Friday with Mexican President-elect Andres Manuel Lopez Obrador, with both sides upbeat on the potential for a turning point in the countries' troubled relationship. Secretary of State Mike

Published 15 Jul, 2018 12:00am

Judge tells US to pay costs of reuniting migrant families

A US judge ordered the government on Friday to pay the costs of reuniting immigrant parents with their children after they were separated by officials at the US-Mexican border. The US government is working to reunite around 2,000 children with their paren

Published 15 Jul, 2018 12:00am

China floods wreak havoc, block roads and railways

Heavy rain and thunderstorms are wreaking havoc across China, with floods along major rivers destroying bridges, blocking roads and railways and forcing thousands of residents to evacuate, state media reported on Saturday.

Published 15 Jul, 2018 12:00am

Ryanair flight loses cabin pressure, 33 hospitalised

Thirty-three Ryanair passengers were treated in hospital, some bleeding from their ears, after their Croatia-bound plane lost cabin pressure and made an emergency landing in Frankfurt on Friday, German police said on Saturday.

Published 15 Jul, 2018 12:00am

Two killed in southern Iraq as protests spread

Two more demonstrators were killed in southern Iraq, officials said, as protests against unemployment spread on Saturday from the port city of Basra to other parts of the country including Baghdad. The deaths overnight in Maysan province on the border wit

Published 15 Jul, 2018 12:00am

Prices of essential kitchen items continue to surge in capital

Except a slight decline in price of chicken, prices of entire range of essential kitchen items remained on high side during this week past as compared to the preceding week, a survey conducted by Business Recorder revealed here on Saturday.

Published 15 Jul, 2018 12:00am

PN ship visits Port Algiers

Pakistan Navy Ship ASLAT visited Port Algiers, Algeria as part of overseas deployment to Mediterranean & European countries. Earlier ship had also visited Port Aqaba, Jordan. This was the first ever visit by a PN ship to Algeria. Prior entry into the terr

Published 15 Jul, 2018 12:00am

Risks must be insured: foreign reinsurers employ 'fronting' practice to bypass rules: SECP

The Securities and Exchange Commission of Pakistan (SECP) has conveyed to insurance sector that businesses or individuals situated in Pakistan must get their risks insured by local insurers, as foreign reinsurers/brokers often employ 'fronting' practice t

Published 15 Jul, 2018 12:00am

Askari slams Mustung, Bannu blasts

Interim Chief Minister Dr Hasan Askari has said that the blasts of Mustang and Bannu are the conspiracies of anti-Muslim elements and the people of Pakistan will not allow succeeding the nefarious designs of the enemy of Pakistan to spread unrest and inst

Published 15 Jul, 2018 12:00am

LCCI asks government, LEAs to deal with terrorists with iron hands

The Lahore Chamber of Commerce and Industry (LCCI) has strongly condemned terrorist attacks in Mastung and Bannu and urged the government and security forces to deal with Pakistan's enemies with iron hands. LCCI president Malik Tahir Javaid, senior vice p

Published 15 Jul, 2018 12:00am

Australian HC condemns terror attacks in KP, Balochistan

The Australian High Commission condemns the heinous, cowardly terrorist attacks in recent days on political candidates and their supporters in Khyber Pakhtunkhwa and Balochistan as they prepared to exercise their democratic right to vote in Pakistan's nat

Published 15 Jul, 2018 12:00am

MMA to bring peace, stability if voted to power: Fazl

Chief of Jamiat Ulema-e-Islam-Fazl (JUI-F) and President Muttahida Majlis-e-Amal (MMA) Maulana Fazlur Rehman has said that if voted to power, the alliance of the religious parties will bring an economic stability and protect ideology of the country.

Published 15 Jul, 2018 12:00am

Imran to spend two days in Lahore

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan will spend July 18 and 19 in Lahore to hold election campaign throughout the city. Sources said the purpose of the two-day activities of the party chairman is to respond to the PML-N rally organized at th

Published 15 Jul, 2018 12:00am

Lawyers condemn Bannu, Mastung suicidal attacks

The lawyers' community on Saturday strongly condemned suicide attacks in Bannu and Mastung which claimed 132 lives and left hundreds of others injured critically. The Pakistan Bar Council, Punjab Bar Council and Lahore Bar Association in their statements

Published 15 Jul, 2018 12:00am

Welcome rally: Shahbaz, Hamza and other PML leaders booked under ATA

The Punjab police on Saturday registered 12 first information reports (FIRs) against several leaders of the Pakistan Muslim League-N (PML-N) including its president Shahbaz Sharif and his son Hamza Shahbaz under Section-7 of the Anti-Terrorism Act besides

Published 15 Jul, 2018 12:00am

Dams' donation: Overwhelming response being witnessed

Overwhelming response is being witnessed regarding donation for Diamer-Bhasha dam and Mohmand dams. Chief Justice of Pakistan Mian Saqib Nisar had issued directives that the construction of Diamer-Bhasha and Mohmand dams should start immediately, and appe

Published 15 Jul, 2018 12:00am

PTI, MMA and PML-N candidates vie for Mardan's NA-22

A neck and neck contest is expected in NA-22 Mardan-III between candidate of Pakistan Tehreek-e-Insaf (PTI) Ali Mohammad Khan, candidate of Muttahida Majlis-e-Amal (MMA) Maulana Mohammad Qasim and candidate of PML-N candidate Jamshid Khan Mohmand.

Published 15 Jul, 2018 12:00am

International flights: CAA decides to suspend services to SAI

Civil Aviation Authority (CAA) has decided to suspend all services for Shaheen Air International flights, except those operating on the Saudi Arabia route, because of its default on payment of one-and-a-half billion rupees to the authority.

Published 15 Jul, 2018 12:00am

Hussain Lawai sent to jail for 14 days

A judicial magistrate in Karachi has sent Hussain Lawai to jail on judicial remand for 14 days. The FIA wanted an extension in their custody of Lawai. The authorities said that they have taken his initial statement and have information on even more accoun

Published 15 Jul, 2018 12:00am

Terrorists won't succeed in getting polls postponed: minister

Caretaker Information Minister Syed Ali Zafar said terrorists will not succeed in their designs to postpone elections in the country. Addressing at a ceremony of National Book Fair at Lawrence College Murree on Saturday afternoon, the caretaker minister c

Published 15 Jul, 2018 12:00am

Bilawal takes Sindh police commandos to Peshawar for security

Pakistan Peoples Party (PPP) chairperson Bilawal Bhutto-Zardari's decision to bring his own security to Peshawar raises questions about PPP's apparent lack of trust in the Khyber Pakhtunkhwa police. PPP chairman, who reached Peshawar on Friday, brought wi

Published 15 Jul, 2018 12:00am

Minister for resolving environment-related issues

Caretaker Minister for Environment, Law and Information Sindh, Jameel Yusuf has said that directions had already been issued to respective departments to look into the laws pertaining to address the environment and other issues.

Published 15 Jul, 2018 12:00am

French envoy for enhanced trade relations with Pakistan

Ambassador of France to Pakistan, Marc Barety emphasized the need for enhanced trade relations with Pakistan, besides expanding cooperation between the two countries in various fields. Speaking at a reception hosted by French Embassy on the occasion of Fr

Published 15 Jul, 2018 12:00am

US, Saudi Arabia condemn suicide attacks in Mastung, Bannu

United States has strongly condemned suicide attacks on political candidates and their supporters in Balochistan and Khyber Pakhtunkhwa provinces.

Published 15 Jul, 2018 12:00am

Asad may face challenge in retaining NA-54 seat

Pakistan Tehreek-e-Insaf (PTI) candidate Asad Umar is expected to face a tough challenge to retain NA-54 (Islamabad III) as candidates of Pakistan Muslim League-Nawaz (PML-N) and Muttahida Majlis-e-Amal (MMA) are equally strong, particularly in the urban

Published 15 Jul, 2018 12:00am

Tough contest likely between Imran and Abbasi in NA-53

The federal capital's NA-53 constituency is braced for a tough competition between two heavyweights - Pakistan Tehreek-e-Insaf Chairman Imran Khan and former prime minister of Pakistan Muslim League-Nawaz (PML-N) Shahid Khaqan Abbasi.

Published 15 Jul, 2018 12:00am

LHC dismisses petitions

The Lahore High Court (LHC) on Saturday dismissed a number of petitions challenging rejection of the nomination papers on the ground of having proposers and seconders from outside their respective constituencies. Several candidates had filed the petitions

Published 15 Jul, 2018 12:00am

Shahbaz discusses poll strategy with party leaders

Pakistan Muslim League-Nawaz (PML-N) on Saturday discussed the country's overall political situation, arrests of Nawaz Sharif and Maryam Nawaz, recent acts of terrorism in the election-related activities and matters concerning general elections in the cou

Published 15 Jul, 2018 12:00am

PIA's pre-Hajj operation begins

Pakistan International Airlines (PIA) has commenced its Pre-Hajj operation 2018 from July 14, with two flights - PK 7001 from Karachi to Madinah and PK 7003 from Islamabad to Madinah. According to details, the national flag carrier will transport over 60,

Published 15 Jul, 2018 12:00am

Concrete steps demanded for protection of political workers, voters

Representatives of civil society organisation have voiced concern over increasing sporadic pre-election violence in different parts of the country and demanded of the authorities concerned to take concrete steps for protection of political workers, voters

Published 15 Jul, 2018 12:00am

Crime rate on the rise in capital

The crime rate in the federal capital showed an increase during the last week as over eight cases of various kinds of thefts, six case of carjacking, five murder cases and three cases of kidnapping were reported to various police stations of the city. Acc

Published 15 Jul, 2018 12:00am

Currency

Recent surge in terrorism aimed at delaying polls: Imran

Pakistan Tehreek-e-Insaf Chairman Imran Khan on Saturday said the recent surge in terrorism is aimed at delaying the forthcoming polls. Addressing at a public gathering in Gohati Cricket ground district Swabi, PTI Chief said there were some elements in th

Published 15 Jul, 2018 12:00am

PML-N, PPP fear manipulated results in upcoming polls

Two major political parties; Pakistan Muslim League-Nawaz (PML-N) and Pakistan Peoples Party (PPP) have leveled allegations of pre-poll rigging ahead of July 25 general elections, predicting highly manipulated results. Talking to Business Recorder

Published 15 Jul, 2018 12:00am

What's in store?

The ISIS now has strong footprints in Pakistan is a fact that seems to have found its best expression from the Mastung suicide bombing in which nearly 150 people were killed. No doubt, it was one of the deadliest attacks in the history of Pakistan. The bl

Published 15 Jul, 2018 12:00am

Tight security ahead of Trump-Putin meeting in Helsinki

Finland may have largely shut down for the summer holidays but officials and police have been drafted back into work ahead of a historic summit in Helsinki between Donald Trump and Vladimir Putin.

Published 15 Jul, 2018 12:00am

Social media-fuelled lynchings shock India

The smartphone footage shows the two blood-soaked men pleading for their lives. Moments later they were dead, two more victims of lynchings sparked by rumours spread on Facebook and WhatsApp in India.

Published 15 Jul, 2018 12:00am

International arbitration: Pakistan's recent woes

In the landmark case of Eckhardt, the (late) Justice Ajmal Mian cautioned that "...while dealing with an application ... in relation to a foreign arbitration clause like the one in issue, the court's approach should be dynamic and it should bear in mind t

Published 15 Jul, 2018 12:00am

Some elements of PTI manifesto

A cursory look at the manifesto of Pakistan Tehreek-e-Insaf (PTI) merits something to be more specifically acknowledged, recognized, or understood; the party's election document has really brought the importance of its approach to a variety of issues home

Published 15 Jul, 2018 12:00am

CCP: CPEC queers the pitch

The Competition Commission of Pakistan (CCP) has revealed in its study titled "Competition Assessment of the Road Construction Sector in Pakistan - 2018" that some Chinese firms were granted tax exemptions, thereby disabling even local-based large compani

Published 15 Jul, 2018 12:00am

Petroleum prices: SC assigns private firm to audit PSO''s import, selling process

The Supreme Court on Saturday nominated a private audit firm to review the pricing structure of petroleum imported and sold by Pakistan State Oil (PSO). Prosecutor General National Accountability Bureau (NAB) Asghar Haider was directed to look into appoin

Published 15 Jul, 2018 12:00am

Petroleum prices: SC assigns private firm to audit PSO's import, selling process

The Supreme Court on Saturday nominated a private audit firm to review the pricing structure of petroleum imported and sold by Pakistan State Oil (PSO). Prosecutor General National Accountability Bureau (NAB) Asghar Haider was directed to look into appoin

Published 15 Jul, 2018 12:00am

Petroleum prices: SC assigns private firm to audit PSO's import, selling process

The Supreme Court on Saturday nominated a private audit firm to review the pricing structure of petroleum imported and sold by Pakistan State Oil (PSO). Prosecutor General National Accountability Bureau (NAB) Asghar Haider was directed to look into appoin

Published 15 Jul, 2018 12:00am

Aviation giants fly into Farnborough under Brexit cloud

Top global plane makers land at the Farnborough airshow in England next week, hoping to pick up speed on demand for passenger jets while charting a path through Brexit and trade war turbulence. This year''s sector showpiece event, opening Monday, will be

Published 15 Jul, 2018 12:00am

Aviation giants fly into Farnborough under Brexit cloud

Top global plane makers land at the Farnborough airshow in England next week, hoping to pick up speed on demand for passenger jets while charting a path through Brexit and trade war turbulence. This year's sector showpiece event, opening Monday, will be b

Published 15 Jul, 2018 12:00am

Aviation giants fly into Farnborough under Brexit cloud

Top global plane makers land at the Farnborough airshow in England next week, hoping to pick up speed on demand for passenger jets while charting a path through Brexit and trade war turbulence. This year's sector showpiece event, opening Monday, will be b

Published 15 Jul, 2018 12:00am

$10,000 income or $100,000 assets: resident taxpayer required to submit wealth statement

The Wealth Statement and Reconciliation Statement (2018-19) have to be submitted by resident individual taxpayer having foreign income of not less than US $10,000 or having foreign assets not less than US $100,000. According to the explanation of income t

Published 15 Jul, 2018 12:00am

$10,000 income or $100,000 assets: resident taxpayer required to submit wealth statement

The Wealth Statement and Reconciliation Statement (2018-19) have to be submitted by resident individual taxpayer having foreign income of not less than US $10,000 or having foreign assets not less than US $100,000. According to the explanation of income t

Published 15 Jul, 2018 12:00am

$10,000 income or $100,000 assets: resident taxpayer required to submit wealth statement

The Wealth Statement and Reconciliation Statement (2018-19) have to be submitted by resident individual taxpayer having foreign income of not less than US $10,000 or having foreign assets not less than US $100,000. According to the explanation of income t

Published 15 Jul, 2018 12:00am

Trump in Scotland on next leg of contentious UK trip

US President Donald Trump wraps up a four-day visit to Britain, dominated by his blasting of Prime Minister Theresa May's Brexit strategy, by spending the weekend in Scotland. Trump is staying at one of his luxury golf resorts in Turnberry, southwest of G

Published 15 Jul, 2018 12:00am

Trump in Scotland on next leg of contentious UK trip

US President Donald Trump wraps up a four-day visit to Britain, dominated by his blasting of Prime Minister Theresa May's Brexit strategy, by spending the weekend in Scotland. Trump is staying at one of his luxury golf resorts in Turnberry, southwest of G

Published 15 Jul, 2018 12:00am

Nacta rules out 'serious threat' to July 25 polls

In the wake of two separate terrorist attacks targeting election-related activities ahead of the 25th polls, the National Counter Terrorism Authority (Nacta) on Saturday briefed the Election Commission of Pakistan (ECP) over security threats to political

Published 15 Jul, 2018 12:00am

Nacta rules out 'serious threat' to July 25 polls

In the wake of two separate terrorist attacks targeting election-related activities ahead of the 25th polls, the National Counter Terrorism Authority (Nacta) on Saturday briefed the Election Commission of Pakistan (ECP) over security threats to political

Published 15 Jul, 2018 12:00am

Germany opens Opel probe in ''dieselgate'' scandal

German authorities are investigating carmaker Opel as part of an inquiry into the "dieselgate" scandal that saw major manufacturers such as Volkswagen fined billions of euros for cheating emissions tests, the transport ministry said Saturday. A ministry s

Published 15 Jul, 2018 12:00am

Germany opens Opel probe in 'dieselgate' scandal

German authorities are investigating carmaker Opel as part of an inquiry into the "dieselgate" scandal that saw major manufacturers such as Volkswagen fined billions of euros for cheating emissions tests, the transport ministry said Saturday. A ministry s

Published 15 Jul, 2018 12:00am

Germany opens Opel probe in 'dieselgate' scandal

German authorities are investigating carmaker Opel as part of an inquiry into the "dieselgate" scandal that saw major manufacturers such as Volkswagen fined billions of euros for cheating emissions tests, the transport ministry said Saturday. A ministry s

Published 15 Jul, 2018 12:00am

No extension in last date under Amnesty Scheme: FBR

Member IR-Operations of the Federal Board of Revenue (FBR) Habib Ullah Khan has made it clear that no further extension will be made in the last date of filing declarations under the Tax Amnesty Scheme 2018 after 31st of July.

Published 15 Jul, 2018 12:00am

Decision rests with incoming government: Spadework for IMF bailout begins: Shamshad

The caretaker government has started the process on the technical grounds for seeking the International Monetary Fund (IMF) bailout package. However, the decision to this effect would be taken by the next elected government, Finance Minister Shamshad Akht

Published 15 Jul, 2018 12:00am

Decision rests with incoming government: Spadework for IMF bailout begins: Shamshad

The caretaker government has started the process on the technical grounds for seeking the International Monetary Fund (IMF) bailout package. However, the decision to this effect would be taken by the next elected government, Finance Minister Shamshad Akht

Published 15 Jul, 2018 12:00am

Decision rests with incoming government: Spadework for IMF bailout begins: Shamshad

The caretaker government has started the process on the technical grounds for seeking the International Monetary Fund (IMF) bailout package. However, the decision to this effect would be taken by the next elected government, Finance Minister Shamshad Akht

Published 15 Jul, 2018 12:00am

C/A, fiscal imbalances: Finance minister doing little or nothing?

Caretaker Finance Minister Dr Shamshad Akhtar has done little to deal with the current account and fiscal imbalances, said former finance ministers Dr Hafiz Pasha and Salman Shah. While talking to Business Recorder, both Pasha and Shah stated that there i

Published 15 Jul, 2018 12:00am

C/A, fiscal imbalances: Finance minister doing little or nothing?

Caretaker Finance Minister Dr Shamshad Akhtar has done little to deal with the current account and fiscal imbalances, said former finance ministers Dr Hafiz Pasha and Salman Shah. While talking to Business Recorder, both Pasha and Shah stated that there i

Published 15 Jul, 2018 12:00am

C/A, fiscal imbalances: Finance minister doing little or nothing?

Caretaker Finance Minister Dr Shamshad Akhtar has done little to deal with the current account and fiscal imbalances, said former finance ministers Dr Hafiz Pasha and Salman Shah. While talking to Business Recorder, both Pasha and Shah stated that there i

Published 15 Jul, 2018 12:00am

O/N repo, reverse repo rates revised

The State Bank of Pakistan (SBP) Saturday increased its Policy Rate (Target Rate) by 100 basis points to 7.50 percent from 6.50 percent. The SBP Overnight Reverse Repo (Ceiling) rate will be at 8.00 percent, ie, 50 bps above the SBP Policy Rate. The SBP O

Published 15 Jul, 2018 12:00am

O/N repo, reverse repo rates revised

The State Bank of Pakistan (SBP) Saturday increased its Policy Rate (Target Rate) by 100 basis points to 7.50 percent from 6.50 percent. The SBP Overnight Reverse Repo (Ceiling) rate will be at 8.00 percent, ie, 50 bps above the SBP Policy Rate. The SBP O

Published 15 Jul, 2018 12:00am

O/N repo, reverse repo rates revised

The State Bank of Pakistan (SBP) Saturday increased its Policy Rate (Target Rate) by 100 basis points to 7.50 percent from 6.50 percent. The SBP Overnight Reverse Repo (Ceiling) rate will be at 8.00 percent, ie, 50 bps above the SBP Policy Rate. The SBP O

Published 15 Jul, 2018 12:00am

Policy rate raised by 100bps to 7.5 percent

The Monetary Policy Committee Saturday decided to increase the key policy rate by 100 basis points (bps) to 7.50 percent for next two months aimed at curbing aggregate demand and ensure long-term economic stability. The independent monetary policy committ

Published 15 Jul, 2018 12:00am

Policy rate raised by 100bps to 7.5 percent

The Monetary Policy Committee Saturday decided to increase the key policy rate by 100 basis points (bps) to 7.50 percent for next two months aimed at curbing aggregate demand and ensure long-term economic stability. The independent monetary policy committ

Published 15 Jul, 2018 12:00am

Policy rate raised by 100bps to 7.5 percent

The Monetary Policy Committee Saturday decided to increase the key policy rate by 100 basis points (bps) to 7.50 percent for next two months aimed at curbing aggregate demand and ensure long-term economic stability. The independent monetary policy committ

Published 15 Jul, 2018 12:00am

Policy rate raised by 100bps to 7.5 percent

The Monetary Policy Committee Saturday decided to increase the key policy rate by 100 basis points (bps) to 7.50 percent for next two months aimed at curbing aggregate demand and ensure long-term economic stability. The independent monetary policy committ

Published 15 Jul, 2018 12:00am

Amnesty scheme: No provision for refund of erroneously-deposited amount

Foreign Assets (Declaration and Repatriation) Act, 2018 does not provide any provision for refund of amount erroneously deposited under the amnesty scheme, but amount deposited in Pak rupee can be adjusted against normal tax liability of the declarants.

Published 15 Jul, 2018 12:00am

Amnesty scheme: No provision for refund of erroneously-deposited amount

Foreign Assets (Declaration and Repatriation) Act, 2018 does not provide any provision for refund of amount erroneously deposited under the amnesty scheme, but amount deposited in Pak rupee can be adjusted against normal tax liability of the declarants.

Published 15 Jul, 2018 12:00am

Amnesty scheme: No provision for refund of erroneously-deposited amount

Foreign Assets (Declaration and Repatriation) Act, 2018 does not provide any provision for refund of amount erroneously deposited under the amnesty scheme, but amount deposited in Pak rupee can be adjusted against normal tax liability of the declarants.

Published 15 Jul, 2018 12:00am

Third RLNG-fired IPP likely to commence operations very soon

Pakistan''s third RLNG-fired Independent Power Project (IPP) of 1223MW has been completed and expected to start its commercial operations in the last week of the current month. According to a spokesperson for Private Power and Infrastructure Board (PPIB),

Published 15 Jul, 2018 12:00am

Third RLNG-fired IPP likely to commence operations very soon

Pakistan's third RLNG-fired Independent Power Project (IPP) of 1223MW has been completed and expected to start its commercial operations in the last week of the current month. According to a spokesperson for Private Power and Infrastructure Board (PPIB),

Published 15 Jul, 2018 12:00am

Third RLNG-fired IPP likely to commence operations very soon

Pakistan's third RLNG-fired Independent Power Project (IPP) of 1223MW has been completed and expected to start its commercial operations in the last week of the current month. According to a spokesperson for Private Power and Infrastructure Board (PPIB),

Published 15 Jul, 2018 12:00am

Move to discourage imports: 100 percent advance payment facility against LCs withdrawn

In order to discourage imports, the State Bank of Pakistan Saturday announced withdrawal of facility of 100 percent advance payment against Letter of Credit (L/C) without guarantee from the supplier abroad for the import of all eligible items.

Published 15 Jul, 2018 12:00am

Move to discourage imports: 100 percent advance payment facility against LCs withdrawn

In order to discourage imports, the State Bank of Pakistan Saturday announced withdrawal of facility of 100 percent advance payment against Letter of Credit (L/C) without guarantee from the supplier abroad for the import of all eligible items.

Published 15 Jul, 2018 12:00am

Move to discourage imports: 100 percent advance payment facility against LCs withdrawn

In order to discourage imports, the State Bank of Pakistan Saturday announced withdrawal of facility of 100 percent advance payment against Letter of Credit (L/C) without guarantee from the supplier abroad for the import of all eligible items.

Published 15 Jul, 2018 12:00am

EU takes anti-Trump trade show to China and Japan

The European Union''s top officials will meet the leaders of China and Japan next week to boost ties in the face of fears that US President Donald Trump will spark an all-out global trade war. The trip by EU Council President Donald Tusk and Commission he

Published 15 Jul, 2018 12:00am

EU takes anti-Trump trade show to China and Japan

The European Union's top officials will meet the leaders of China and Japan next week to boost ties in the face of fears that US President Donald Trump will spark an all-out global trade war. The trip by EU Council President Donald Tusk and Commission hea

Published 15 Jul, 2018 12:00am

EU takes anti-Trump trade show to China and Japan

The European Union's top officials will meet the leaders of China and Japan next week to boost ties in the face of fears that US President Donald Trump will spark an all-out global trade war. The trip by EU Council President Donald Tusk and Commission hea

Published 15 Jul, 2018 12:00am

Bilawal warns of pre-election rigging

PPP chairman Bilawal Bhutto-Zardari on Saturday cancelled his scheduled rally in Malakand constituency expressing solidarity with the families of martyred and injured persons of the Mastung tragedy in Balochistan. Addressing a press conference here at the

Published 15 Jul, 2018 12:00am

Bilawal warns of pre-election rigging

PPP chairman Bilawal Bhutto-Zardari on Saturday cancelled his scheduled rally in Malakand constituency expressing solidarity with the families of martyred and injured persons of the Mastung tragedy in Balochistan. Addressing a press conference here at the

Published 15 Jul, 2018 12:00am

PML-N leaders betrayed Nawaz, says Aitzaz

Pakistan People's Party leader Aitzaz Ahsan Saturday said Shehbaz Sharif and Pakistan Muslim League-Nawaz (PML-N) leadership betrayed Nawaz Sharif and Maryam Nawaz upon their arrival here in Pakistan. He said Shehbaz Sharif should have attempted to reach

Published 15 Jul, 2018 12:00am

PML-N leaders betrayed Nawaz, says Aitzaz

Pakistan People's Party leader Aitzaz Ahsan Saturday said Shehbaz Sharif and Pakistan Muslim League-Nawaz (PML-N) leadership betrayed Nawaz Sharif and Maryam Nawaz upon their arrival here in Pakistan. He said Shehbaz Sharif should have attempted to reach

Published 15 Jul, 2018 12:00am

Shahbaz protests government decision

Reacting to the decision of caretaker government to conduct the trial of Nawaz Sharif and Maryam in Flagship and Investment references in Adiala Jail, Pakistan Muslim League-Nawaz (PML-N) President Shahbaz Sharif said on Saturday that the decision is agai

Published 15 Jul, 2018 12:00am

Shahbaz protests government decision

Reacting to the decision of caretaker government to conduct the trial of Nawaz Sharif and Maryam in Flagship and Investment references in Adiala Jail, Pakistan Muslim League-Nawaz (PML-N) President Shahbaz Sharif said on Saturday that the decision is agai

Published 15 Jul, 2018 12:00am

Two remaining references: Nawaz's trial to be conducted inside Adiala jail

Pakistan Muslim League-Nawaz (PML-N) president Shahbaz Sharif along with his sons and mother called on former Prime Minister Nawaz Sharif in Adiala Jail on Saturday. Shahbaz Sharif, Hamza Shahbaz, Salman Shahbaz and Shamim Akhter met with Nawaz Sharif and

Published 15 Jul, 2018 12:00am

Two remaining references: Nawaz's trial to be conducted inside Adiala jail

Pakistan Muslim League-Nawaz (PML-N) president Shahbaz Sharif along with his sons and mother called on former Prime Minister Nawaz Sharif in Adiala Jail on Saturday. Shahbaz Sharif, Hamza Shahbaz, Salman Shahbaz and Shamim Akhter met with Nawaz Sharif and

Published 15 Jul, 2018 12:00am

CoAS attends Raisani's funeral prayers

Chief of Army Staff (CoAS) General Qamar Javed Bajwa on Saturday attended the funeral prayers of Balochistan Awami Party (BAP) candidate Nawabzada Siraj Raisani who lost the battle of his life in the Mastung suicide attack on Friday last. According to Int

Published 15 Jul, 2018 12:00am

CoAS attends Raisani's funeral prayers

Chief of Army Staff (CoAS) General Qamar Javed Bajwa on Saturday attended the funeral prayers of Balochistan Awami Party (BAP) candidate Nawabzada Siraj Raisani who lost the battle of his life in the Mastung suicide attack on Friday last. According to Int

Published 15 Jul, 2018 12:00am

Red warrants issued: Dar faces prospect of Red Corner Notice

Federal Investigation Agency (FIA) has issued red warrants for former Finance Minister Ishaq Dar to bring him back to the country in the chairman of Pakistan Television appointment case. The Supreme Court earlier summoned Dar to inform the court about his

Published 15 Jul, 2018 12:00am

Red warrants issued: Dar faces prospect of Red Corner Notice

Federal Investigation Agency (FIA) has issued red warrants for former Finance Minister Ishaq Dar to bring him back to the country in the chairman of Pakistan Television appointment case. The Supreme Court earlier summoned Dar to inform the court about his

Published 15 Jul, 2018 12:00am

Currency

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (July 14, 2018).

Published 15 Jul, 2018 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 22	277.85
USD PKR Interbank Buying / Nov 22	277.65
USD to Japanese Yen / Nov 23	154.78
USD to Swiss Franc / Nov 23	0.89
Pound Sterling to USD / Nov 23	1.25
Euro to USD / Nov 23	1.04

Stock	Volume
S&P 500 / Nov 22	5,969.34
India Sensex / Nov 22	79,117.11
Tokyo Nikkei / Nov 22	38,283.85
Nasdaq / Nov 22	18,003.65
Hang Seng / Nov 22	19,229.97
FTSE 100 / Nov 22	8,262.08
Dow Jones / Nov 22	44,296.51
Germany DAX 30 / Nov 22	19,322.59

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 22	17,785
Gold 10 Grams PKR / Nov 22	240,483
Crude Oil USD/Barrel / Nov 23	71.24
Gold Spot USD/Ounce / Nov 23	2,716.19
Cotton US¢/pound / Nov 23	70.77
Petrol/Litre / Nov 24	248.38

Stock	Price
786 Invest Ltd / Nov 24 786 Investments Limited(786)	6.82 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 24 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▼ 0.00 (0.00%)
Agro Allianz / Nov 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 24 Ali Asghar Textile Mills Limited(AATM)	70.89 ▼ 0.00 (0.00%)
Allied Bank / Nov 24 Allied Bank Limited(ABL)	120.21 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 24 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▼ 0.00 (0.00%)
Abson Ind. / Nov 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 24 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 24 786 Investments Limited(786)	6.82 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 24 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▲ 0.00 (0.00%)
Agro Allianz / Nov 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 24 Ali Asghar Textile Mills Limited(AATM)	70.89 ▲ 0.00 (0.00%)
Allied Bank / Nov 24 Allied Bank Limited(ABL)	120.21 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 24 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▲ 0.00 (0.00%)
Abson Ind. / Nov 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 24 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 24 Worldcall Telecom Limited(WTL)	177,135,830 ▲ 0.00
K-Electric Ltd. / Nov 24 K-Electric Limited(KEL)	124,131,268 ▲ 0.00
Hascol Petrol / Nov 24 Hascol Petroleum Limited(HASCOL)	105,013,176 ▲ 0.00
Fauji Foods Ltd / Nov 24 Fauji Foods Limited(FFL)	77,697,371 ▲ 0.00
Treet Battery / Nov 24 Treet Battery Limited(TBL)	43,783,366 ▲ 0.00
B.O.Punjab / Nov 24 The Bank of Punjab(BOP)	36,573,763 ▲ 0.00
Sui South Gas / Nov 24 Sui Southern Gas Company Limited(SSGC)	32,719,678 ▲ 0.00
PIA Holding Co.Ltd / Nov 24 PIA Holding Company Limited(PIAHCLA)	27,969,689 ▲ 0.00
Cnergyico PK / Nov 24 Cnergyico PK Limited(CNERGY)	25,874,820 ▲ 0.00

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