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Dec 31, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2018-12-29
Asif scores hat-trick as DK United wins in Leisure League

Asif scores hat-trick as DK United wins in Leisure League

Mohammad Asif fired three goals to help his team DK United record a convincing 3-0 victory against Arabian FC in Leisure Leagues Season 5 event underway here at Karachi United Football Stadium. Meanwhile in another match of the league, Omar and Abbas scor
Published 29 Dec, 2018 12:00am
Pakistan U-16 squad announced

Pakistan U-16 squad announced

The National Junior Selection Committee headed by Basit Ali has selected 15-member One-Day and T-20 squad of Pakistan Under-16 team for series against Australia Under-16 in the UAE. Umer Eman will lead the side in both One-Day and T-20 series. Pakistan Un
Published 29 Dec, 2018 12:00am
Three more matches decided in district inter-club cricket

Three more matches decided in district inter-club cricket

Three more matches decided in the Peshawar District Inter-Club Cricket Championship being played on different grounds here on Friday. In the matches played on Friday, Malik Sports, Rahat Shaheed and Malik Stars moved to the quarter-finals. In the first ma
Published 29 Dec, 2018 12:00am
Russian rouble steadies in pre-holiday trade as oil rebounds

Russian rouble steadies in pre-holiday trade as oil rebounds

The Russian rouble opened slightly stronger against the dollar on Friday after a recovery in oil prices, which had fallen to their lowest in more than a year earlier this week. After posting a small gain, the rouble stabilised at 69.58 against the dollar
Published 29 Dec, 2018 12:00am
Swiss franc posts biggest weekly rise
Currency

Swiss franc posts biggest weekly rise

Safe-haven currencies like the Japanese yen and the Swiss franc were set for big gains against the dollar on Friday as investors cut positions in risky assets after a volatile week and growing concerns about US-Chinese trade disputes. The Swiss franc in p
Published 29 Dec, 2018 12:00am
Sri Lankan rupee slides to record low versus dollar
Currency

Sri Lankan rupee slides to record low versus dollar

The Sri Lankan rupee on Friday fell to record low against the dollar for a sixth straight session, hurt by relentless capital-outflow pressure as political uncertainty gave investors little incentive to hold local assets. The rupee hit 182.50 on the dolla
Published 29 Dec, 2018 12:00am
Yuan up at three-week high
Currency

Yuan up at three-week high

China's yuan rose to more than a three-week high against the dollar on the last trading session of the year, partly helped by a pledge from authorities to keep the local currency stable. The yuan is still set for an annual loss, reflecting strong deprecia
Published 29 Dec, 2018 12:00am
Yen jumps as investors stay cautious amid volatile stock moves
Currency

Yen jumps as investors stay cautious amid volatile stock moves

The Japanese yen jumped on Friday as investors sought protection against volatile stock moves, while the greenback dipped as stocks ended a dramatic week capped by large price swings. The benchmark S&P 500 tested its 20-month low early in the week and was
Published 29 Dec, 2018 12:00am
Yen jumps as investors stay cautious amid volatile stock moves
Currency

Yen jumps as investors stay cautious amid volatile stock moves

The Japanese yen jumped on Friday as investors sought protection against volatile stock moves, while the greenback dipped as stocks ended a dramatic week capped by large price swings. The benchmark S&P 500 tested its 20-month low early in the week and was
Published 29 Dec, 2018 12:00am
Kazakh tenge may inch up in January
Currency

Kazakh tenge may inch up in January

The Kazakh tenge is likely to continue its gradual depreciation over the course of 2019 as higher prices for main export oil help stabilise it, after a sharp fall this week, according to a Reuters poll. Three of seven participants in the poll, which was c
Published 29 Dec, 2018 12:00am
Asian units rise as dollar falls on growth concerns
Currency

Asian units rise as dollar falls on growth concerns

Emerging Asian currencies advanced against a weaker dollar on Friday as a slump in US consumer confidence revived worries about a slowdown in the world's largest economy. A measure of US consumer confidence posted its sharpest decline in more than three y
Published 29 Dec, 2018 12:00am
Argentina peso strengthens 1.19 percent to 37.90 per dollar
Currency

Argentina peso strengthens 1.19 percent to 37.90 per dollar

Argentina's peso strengthened 1.19 percent to 37.90 per US dollar on Friday as operators positioned themselves for the end of the year, traders said, leaving the local currency about 51 percent weaker on the year despite the last-minute uptick. Argentine
Published 29 Dec, 2018 12:00am
Sterling drifts higher before key vote next month
Currency

Sterling drifts higher before key vote next month

Sterling drifted a third of a percent higher on Friday as a generally weak dollar prompted some investors to cut their large bearish bets against the British currency. Against the dollar, the pound rose 0.33 percent to $1.2692. Versus the euro, the pound
Published 29 Dec, 2018 12:00am
Row in France over Macron ex-bodyguard's diplomatic passports

Row in France over Macron ex-bodyguard's diplomatic passports

Accusations flew in France on Friday between the office of President Emmanuel Macron and his disgraced ex-bodyguard Alexandre Benalla over diplomatic passports he was supposed to hand over when he was sacked. Foreign Minister Jean-Yves Le Drian is set to
Published 29 Dec, 2018 12:00am
Italy Prime Minister defends budget as tempers fray in parliament

Italy Prime Minister defends budget as tempers fray in parliament

Italian Prime Minister Giuseppe Conte on Friday vigorously defended the government's 2019 budget as parliament held an acrimonious debate on the package, which needs to be approved by the end of the year to take effect on Jan. 1. An amended budget was pre
Published 29 Dec, 2018 12:00am
Trump says build US-Mexico wall or he'll seal border

Trump says build US-Mexico wall or he'll seal border

US President Donald Trump threatened Friday to seal the US-Mexico border "entirely" if Congress does not approve billions of dollars in funding for a wall. In a burst of early morning tweets, the president said the alternative to funding his controversial
Published 29 Dec, 2018 12:00am
Turkey investigates Fox News journalist

Turkey investigates Fox News journalist

A Turkish prosecutor on Friday launched an investigation into a prominent Fox News Turkey presenter less than two weeks after President Recep Tayyip Erdogan lambasted the journalist, local media reported. The prosecutor's office said it was investigating
Published 29 Dec, 2018 12:00am
Two Vietnamese tourists, guide killed by Egypt roadside bomb

Two Vietnamese tourists, guide killed by Egypt roadside bomb

Two Vietnamese holidaymakers and an Egyptian tour guide were killed Friday when a roadside bomb blast hit their bus as it travelled close to the Giza pyramids outside Cairo, officials said. An interior ministry statement said 10 other tourists from Vietna
Published 29 Dec, 2018 12:00am
Spain preparing for no-deal Brexit

Spain preparing for no-deal Brexit

Spain's prime minister said Friday his government is preparing emergency measures to preserve the rights of Britons in Spain in the event of the UK leaving the European Union without a deal. "I want to sent a message of calm to Spaniards who live in Brita
Published 29 Dec, 2018 12:00am
China police detain students protesting

China police detain students protesting

Chinese police detained a group of students on Friday who were protesting against a crackdown on a campus Marxist society, whose former head was held by police on the 125th birthday of the founder of modern China, Mao Zedong. China has an awkward relation
Published 29 Dec, 2018 12:00am
'We're not in crisis': Saudi foreign minister takes the reins

'We're not in crisis': Saudi foreign minister takes the reins

Saudi Arabia's new foreign minister struck a note of defiance Friday in the face of international outrage over critic Jamal Khashoggi's murder, rejecting the kingdom was in crisis and his predecessor had been demoted.
Published 29 Dec, 2018 12:00am
Copper ekes out first weekly gain in five weeks

Copper ekes out first weekly gain in five weeks

Copper inched up on Friday for its first weekly rise in five weeks as gains on global equity markets rekindled interest in riskier assets and a weaker dollar made metal cheaper for buyers with other currencies. Benchmark copper on the London Metal Exchang
Published 29 Dec, 2018 12:00am
Libyan oil revenue dips to $2.4 billion in November

Libyan oil revenue dips to $2.4 billion in November

Libya's oil and gas revenue dipped to $2.4 billion in November from $2.87 billion in October, but full-year revenue is expected to surge by 76 percent to $24.2 billion, state oil firm NOC said on Friday. Although lower than the previous month, November re
Published 29 Dec, 2018 12:00am
Oil prices steady near year-and-a-half lows ahead of New Year

Oil prices steady near year-and-a-half lows ahead of New Year

Oil prices steadied on Friday after a week of volatile trading ahead of the New Year holiday, supported by a rise in US equity markets but pressured by worries about a global glut of crude. Brent crude futures rose 4 cents to settle at $52.20 a barrel, of
Published 29 Dec, 2018 12:00am
Cocoa gains for fifth straight week

Cocoa gains for fifth straight week

New York cocoa futures on ICE rose on Friday, clawing back some of the previous session's losses as concerns over dry weather in West Africa persisted, while arabica coffee slipped on the day but still managed to finish the week in positive territory.
Published 29 Dec, 2018 12:00am
Chinese coke, coking coal futures set to end three-day losses

Chinese coke, coking coal futures set to end three-day losses

Prices for steelmaking raw materials rose in China on Thursday with coke and coking coal futures set to end three days of losses, buoyed by hopes demand will pick up as steel mills begin to rebuild inventories ahead of the Lunar New Year. Prices of rebar
Published 29 Dec, 2018 12:00am
Morocco to suspend customs duty on import of soft wheat

Morocco to suspend customs duty on import of soft wheat

Morocco will suspend the customs duty on soft wheat for four more months until April 30, 2019, to maintain price stability and ensure regular supply, a government spokesperson said on Thursday. The government has acted to maintain the import price of soft
Published 29 Dec, 2018 12:00am
PTEA seeks Razak's help
Currency

PTEA seeks Razak's help

Pakistan Textile Exporters Association (PTEA) has sought help from Prime Minister's Advisor on Commerce, Textile, Industries and Production and Investment, Abdul Razak in resolution of their outstanding issues.
Published 29 Dec, 2018 12:00am
FBR wing steps up drive against foreign cloth's smuggling

FBR wing steps up drive against foreign cloth's smuggling

The Directorate of Intelligence and Investigation (Customs)-FBR, Peshawar, has intensified campaign against smuggling of foreign origin cloth from Peshawar to Punjab. According to sources, under instructions from Dr Arsalan Subuctageen, Director Intellige
Published 29 Dec, 2018 12:00am
Influential oil mafia creating artificial gas crisis: APCNGA

Influential oil mafia creating artificial gas crisis: APCNGA

All Pakistan CNG Association (APCNGA) Friday said that influential oil mafia is pushing the country towards an artificial gas crisis which is hurting the public interests. "Gas supply has been discontinued to the CNG sector and we will initiate countrywid
Published 29 Dec, 2018 12:00am
'Pak-China Air Force exercise improves defence capability'

'Pak-China Air Force exercise improves defence capability'

Chinese national defence ministry spokesperson Wu Qian said the recently concluded training exercise, Shaheen-VII jointly conducted by air forces of Pakistan and China had achieved its desired results. "The joint training exercise held last week held at a
Published 29 Dec, 2018 12:00am
CoAS confirms death sentences awarded to 22 hardcore terrorists

CoAS confirms death sentences awarded to 22 hardcore terrorists

Chief of Army Staff (COAS) General Qamar Javed Bajwa Friday confirmed death sentence awarded to 22 hardcore terrorists. These terrorists were found involved in heinous offences related to terrorism, i.e. attacking armed forces/ law enforcement agencies (L
Published 29 Dec, 2018 12:00am
Taskforce for housing established for 'Apna Ghar Scheme'

Taskforce for housing established for 'Apna Ghar Scheme'

On the directions of the Punjab chief minister Sardar Usman Buzdar, a Punjab Taskforce for Housing has been established for Apna Ghar Scheme. According to an official announcement, Yaqoob Tahir Izhar has been appointed as chairman of this 20-member taskfo
Published 29 Dec, 2018 12:00am
WHO praises Punjab health department for running EPI successfully

WHO praises Punjab health department for running EPI successfully

The World Health Organization (WHO) while acknowledging the Punjab Health department for successfully running the expanded programme of immunization (EPI) has assured that cooperation on strengthening of public health sector would continue. A delegation o
Published 29 Dec, 2018 12:00am
SC directs minister to submit list of PHC board members

SC directs minister to submit list of PHC board members

The Supreme Court of Pakistan directed the Punjab health minister to prepare a list of members of board of Punjab Healthcare Commission and furnish the same to the court. The provincial government also assured the court that prior approval would be taken
Published 29 Dec, 2018 12:00am
Sugar mills owners urged to ensure payment to growers by next week

Sugar mills owners urged to ensure payment to growers by next week

Punjab Minister for Population Welfare Colonel Hashim Dogar (retd) has asked the sugar mills owners to ensure payment of pending amount to the sugarcane growers till next week. He also asked the mills owners to settle down their matters with banks so that
Published 29 Dec, 2018 12:00am
SNGPL organizes awareness walk on gas conservation

SNGPL organizes awareness walk on gas conservation

Sui Northern Gas Pipelines Limited organised an awareness walk in Federal Capital Islamabad in collaboration with Punjab Group of Colleges for Gas Conservation and control of Gas Theft during winter season. Federal Minister for Petroleum Ghulam Sarwar Kha
Published 29 Dec, 2018 12:00am
IPO Lahore office starts issuing trademark registration certificates

IPO Lahore office starts issuing trademark registration certificates

The Intellectual Property Organization (IPO) Pakistan has started issuing trademark registration certificates from IPO Regional Office, Lahore. With a constant aspiration to provide improved and quality service delivery, IPO Pakistan has taken yet another
Published 29 Dec, 2018 12:00am
Realme smartphones to be launched in January

Realme smartphones to be launched in January

Realme, an emerging smartphone brand that specialises in providing high quality smartphones, announced their official launch date in Pakistan. The brand is set to reveal its line-up for the Pakistani market, and details plus recommended retail prices on J
Published 29 Dec, 2018 12:00am
PRGMEA demands representation of SMEs on textile committee

PRGMEA demands representation of SMEs on textile committee

Chief Coordinator Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Ijaz A. Khokhar has urged upon the government to ensure maximum representation of SMEs in Textile Committee for formulation of new five years textile policy.
Published 29 Dec, 2018 12:00am
Historical buildings: 12-member advisory group formed

Historical buildings: 12-member advisory group formed

Mayor Karachi Waseem Akhtar on Friday constituted a 12-member technical advisory group to look after the renovation work of Karachi Metropolitan Corporation's (KMC) historical buildings. The group will come up with recommendations as how to restore, renov
Published 29 Dec, 2018 12:00am
KTBA urges FBR to extend e-filing date to January 31

KTBA urges FBR to extend e-filing date to January 31

Karachi Tax Bar Association (KTBA) has requested the Federal Board of Revenue (FBR) to extend the date for e-filing of returns of income/statement of final taxation by January 31, 2019. In a letter sent to the chairman FBR, the KTBA said that the last dat
Published 29 Dec, 2018 12:00am
Low Pakistan-Russia trade due to lack of direct banking channel: envoy

Low Pakistan-Russia trade due to lack of direct banking channel: envoy

Russian Trade Representative Yury Kozlov said that although there is a huge potential to boost the existing Pakistan-Russia trade volume yet it has been gradually improving mainly due to lack of direct banking channel "State Bank of Pakistan and the Centr
Published 29 Dec, 2018 12:00am
Soneri Bank maintains rating

Soneri Bank maintains rating

Soneri Bank has maintained its market position in the industry while strengthening its overall risk profile with stable outlook. Pakistan Credit Rating Agency Limited "PACRA" has accredited Soneri Bank with "AA-" (double A minus) for its long-term rating
Published 29 Dec, 2018 12:00am
28th December coldest day of winter 2018

28th December coldest day of winter 2018

Friday 28th December was the coldest day of the winter season 2018 so far as dense foggy conditions prevailed in few plains of Punjab, upper Sindh and Peshawar division during morning hours. Weather remained very cold and dry in upper parts, while cold an
Published 29 Dec, 2018 12:00am
People want recovery of plundered money: JI chief

People want recovery of plundered money: JI chief

Putting his party's full weight behind result oriented accountability of corrupt mafia across the board, Ameer, Jamaat e Islami, Pakistan, Senator Sirajul Haq has said that the masses wanted recovery of the plundered money as this was required to overcome
Published 29 Dec, 2018 12:00am
No decision taken to remove Sindh CM: Adviser

No decision taken to remove Sindh CM: Adviser

Advisor to Chief Minister Sindh on Information, Law and Anti-corruption, Barrister Murtaza Wahab has said that no decision has been taken to change chief executive in the province and we would face all frivolous and fabricated allegations contained in the
Published 29 Dec, 2018 12:00am
PTI asks Sindh CM to quit for 'committing' Corruption

PTI asks Sindh CM to quit for 'committing' Corruption

Pakistan Tehreek-e-Insaf (PTI) parliamentary group leader in Sindh Assembly Haleem Adil Sheikh and MPA Khurram Sher Zaman blamed Chief Minister Syed Murad Ali Shah for huge financial corruption and demanded he must resign immediately.
Published 29 Dec, 2018 12:00am
Severe drought may prevail over southern parts

Severe drought may prevail over southern parts

The severe drought is likely to prevail over the country's southern parts affecting 20 districts of Sindh and 11 of Balochistan during the current week, the Met Office has said. As per the weather conditions, the Met said that moderate to severe drought i
Published 29 Dec, 2018 12:00am
Gas supply issues: SAI threatens to close down SITE factories

Gas supply issues: SAI threatens to close down SITE factories

President of SITE Association of Industry, Saleem Parekh, announced that all factory owners have decided to close down their factories from Monday and stage protest demonstration in front of Governor House on Tuesday, if gas supply does not improve by tom
Published 29 Dec, 2018 12:00am
Taliban seek image makeover as Afghan peace talks gain momentum

Taliban seek image makeover as Afghan peace talks gain momentum

As moves towards peace pick up in Afghanistan, the Taliban are trying to show they have changed since the brutal days of the 1990s when they banned music and girls' education and carried out public executions in Kabul's football stadium.
Published 29 Dec, 2018 12:00am
Sales tax on services: KPRA gives Jan 3rd deadline to wedding halls

Sales tax on services: KPRA gives Jan 3rd deadline to wedding halls

Khyber Pakhtunkhwa Revenue Authority (KPRA) has asked the wedding halls to deposit sales tax on services and to issue proper sale tax invoices to their clients by 3rd January 2019, otherwise the authority in coordination with local administration will tak
Published 29 Dec, 2018 12:00am
PTI won't shift focus despite conceding PAC chairmanship

PTI won't shift focus despite conceding PAC chairmanship

Pakistan Tehreek-e-Insaf (PTI) will face issues despite conceding the chairmanship of Public Accounts Committee (PAC) to Leader of the Opposition Shahbaz Sharif, an anecdotal survey of opposition leaders carried out by Business Recorder reveals.
Published 29 Dec, 2018 12:00am
JI decides to launch mass contact campaign

JI decides to launch mass contact campaign

Secretary General, Jamaat e Islami, Liaqat Baloch, has said that the JI would soon launch a mass contact campaign during which workers convention would be held at divisional headquarters all over the country. He was talking to delegations of the JI Youth
Published 29 Dec, 2018 12:00am
MQM founder behind Karachi unrest: Vawda

MQM founder behind Karachi unrest: Vawda

Federal Minister for Water Resources Faisal Vawda on Friday said that Muttahida Qaumi Movement (MQM) founder and current MQM-London chief is behind the recent unrest in Karachi. Addressing media alongside Minister for Railways Sheikh Rashid, the Minister
Published 29 Dec, 2018 12:00am
PKI slams CCoE Suggestion
Cotton

PKI slams CCoE Suggestion

Pakistan Kissan Ittehad has strongly protest over the reported recommendation of the Cabinet Committee on Energy (CCoE) to divert gas from Urea fertilizer manufacturing plants to other sectors. This will have serious negative impact on the current wheat s
Published 29 Dec, 2018 12:00am
123 cases: Railways grateful to CJP for issuing order: Rashid

123 cases: Railways grateful to CJP for issuing order: Rashid

Federal Minister for Railways Shaikh. Rashid Ahmed said on Friday that Pakistan Railways was grateful to Chief Justice Mian Saqib Nisar for issuing order of disposing of 123 top priority cases of the organization within 60 days. The Minister was talking t
Published 29 Dec, 2018 12:00am
PM's name too should be placed on ECL: PPP leader

PM's name too should be placed on ECL: PPP leader

Pakistan Peoples Party (PPP) Friday criticised the Pakistan Tehreek-e-Insaf (PTI) government for placing names of top party leaders on the Exit Control List (ECL) and said that Prime Minister Imran Khan should also be banned from flying aboard as he is al
Published 29 Dec, 2018 12:00am
Torkham border: KP CM vows to take steps towards boosting trade

Torkham border: KP CM vows to take steps towards boosting trade

Chief Minister Khyber Pakhtunkhwa Mehmood Khan on Friday said that effective steps will be taken to enhance export-import via Torkham border. Chief Minister while visiting Pak-Afghan border at Torkham interacted with passengers on the border and inquired
Published 29 Dec, 2018 12:00am
'Make in Pakistan - for export'

'Make in Pakistan - for export'

Business Recorder op-ed writer Shabir Ahmed is highly perceptive about country's economic woes. Not only does he offer deeply informed expert opinion about the state of economy, he also highlights for newspaper's readers in general and PTI governme
Published 29 Dec, 2018 12:00am
Developing institutions

Developing institutions

Most of us can perhaps easily recall the numerous lectures on the importance of building institutions for purposes of good governance, and democracy being the system best suited to deliver such institutions. In case you missed the boat on this debate, kin
Published 29 Dec, 2018 12:00am
The FDI woes

The FDI woes

Foreign Direct Investment (FDI) inflows declined by 46 percent in the first four months of the current fiscal year (July-October), said a report of the State Bank of Pakistan (SBP). While the US, Europe and Japan - the front-ranking traditional investors
Published 29 Dec, 2018 12:00am
Returning to Quaid's vision?

Returning to Quaid's vision?

The event the PTI government in Punjab held at the Aiwan-e-Iqbal in Lahore the other day to unveil its 100-day agenda, more than anything else, was notably for what Prime Minister Imran Khan had to say about the minorities' rights. Two points stand out. F
Published 29 Dec, 2018 12:00am
Raising deposit to GDP ratio

Raising deposit to GDP ratio

The National Financial Inclusion Policy (NFIP) for the next five years approved by Prime Minister Imran Khan in the final week of November would focus on raising (i) the number of adults with a bank account from the current low 16 percent; and (ii) the nu
Published 29 Dec, 2018 12:00am
Wells Fargo in $575 million US settlement on consumer ills

Wells Fargo in $575 million US settlement on consumer ills

Wells Fargo agreed to a $575 million nationwide settlement over its opening of millions of unauthorized customer accounts and other alleged predatory practices, the bank and US authorities announced Friday. The agreement between the bank and attorneys gen
Published 29 Dec, 2018 12:00am
Wells Fargo in $575 million US settlement on consumer ills

Wells Fargo in $575 million US settlement on consumer ills

Wells Fargo agreed to a $575 million nationwide settlement over its opening of millions of unauthorized customer accounts and other alleged predatory practices, the bank and US authorities announced Friday. The agreement between the bank and attorneys gen
Published 29 Dec, 2018 12:00am
Wells Fargo in $575 million US settlement on consumer ills

Wells Fargo in $575 million US settlement on consumer ills

Wells Fargo agreed to a $575 million nationwide settlement over its opening of millions of unauthorized customer accounts and other alleged predatory practices, the bank and US authorities announced Friday. The agreement between the bank and attorneys gen
Published 29 Dec, 2018 12:00am
Zardari refuses to succumb to 'pressure'

Zardari refuses to succumb to 'pressure'

Hours after the government placed the names of top PPP leaders on the Exit Control List (ECL), Asif Zardari said no one can scare him or the party and that they will continue to raise the issue of peoples' rights. The PPP leader was addressing a gathering
Published 29 Dec, 2018 12:00am
Zardari refuses to succumb to 'pressure'

Zardari refuses to succumb to 'pressure'

Hours after the government placed the names of top PPP leaders on the Exit Control List (ECL), Asif Zardari said no one can scare him or the party and that they will continue to raise the issue of peoples' rights. The PPP leader was addressing a gathering
Published 29 Dec, 2018 12:00am
Up to 13.5 percent cut in prices of POL products recommended

Up to 13.5 percent cut in prices of POL products recommended

The Oil and Gas Regulatory Authority (Ogra) has recommended up to 13.5 percent reduction in the prices of petroleum products for the month of January 2019. The regulatory authority has suggested that prices of petrol may be reduced by Rs 9.50 per litre (1
Published 29 Dec, 2018 12:00am
Up to 13.5 percent cut in prices of POL products recommended

Up to 13.5 percent cut in prices of POL products recommended

The Oil and Gas Regulatory Authority (Ogra) has recommended up to 13.5 percent reduction in the prices of petroleum products for the month of January 2019. The regulatory authority has suggested that prices of petrol may be reduced by Rs 9.50 per litre (1
Published 29 Dec, 2018 12:00am
Up to 13.5 percent cut in prices of POL products recommended

Up to 13.5 percent cut in prices of POL products recommended

The Oil and Gas Regulatory Authority (Ogra) has recommended up to 13.5 percent reduction in the prices of petroleum products for the month of January 2019. The regulatory authority has suggested that prices of petrol may be reduced by Rs 9.50 per litre (1
Published 29 Dec, 2018 12:00am
Services sector posts $5 billion exports: Senate panel told

Services sector posts $5 billion exports: Senate panel told

The Senate Standing Committee on Statistics was informed on Friday that according to the documented data obtained from the State Bank of Pakistan, the country has services sector exports amounting to $4-5 billion. The meeting was held under the chairmansh
Published 29 Dec, 2018 12:00am
Services sector posts $5 billion exports: Senate panel told

Services sector posts $5 billion exports: Senate panel told

The Senate Standing Committee on Statistics was informed on Friday that according to the documented data obtained from the State Bank of Pakistan, the country has services sector exports amounting to $4-5 billion. The meeting was held under the chairmansh
Published 29 Dec, 2018 12:00am
Services sector posts $5 billion exports: Senate panel told

Services sector posts $5 billion exports: Senate panel told

The Senate Standing Committee on Statistics was informed on Friday that according to the documented data obtained from the State Bank of Pakistan, the country has services sector exports amounting to $4-5 billion. The meeting was held under the chairmansh
Published 29 Dec, 2018 12:00am
Bangladesh election campaign ends with new death, arrests

Bangladesh election campaign ends with new death, arrests

Bangladesh's general election campaign ended Friday with more deadly violence and arrests of opposition activists which have raised international concern as Prime Minister Sheikh Hasina seeks a record fourth term. A ruling Awami League party supporter was
Published 29 Dec, 2018 12:00am
Bangladesh election campaign ends with new death, arrests

Bangladesh election campaign ends with new death, arrests

Bangladesh's general election campaign ended Friday with more deadly violence and arrests of opposition activists which have raised international concern as Prime Minister Sheikh Hasina seeks a record fourth term. A ruling Awami League party supporter was
Published 29 Dec, 2018 12:00am
NBMFCs branches: SECP places six regulatory requirements

NBMFCs branches: SECP places six regulatory requirements

The Securities and Exchange Commission of Pakistan (SECP) has placed six regulatory requirements for the branches of Non-Bank Microfinance Companies (NBMFCs). According to the circular number 23 of 2018 issued here on Friday, the Commission, in exercise o
Published 29 Dec, 2018 12:00am
NBMFCs branches: SECP places six regulatory requirements

NBMFCs branches: SECP places six regulatory requirements

The Securities and Exchange Commission of Pakistan (SECP) has placed six regulatory requirements for the branches of Non-Bank Microfinance Companies (NBMFCs). According to the circular number 23 of 2018 issued here on Friday, the Commission, in exercise o
Published 29 Dec, 2018 12:00am
NBMFCs branches: SECP places six regulatory requirements

NBMFCs branches: SECP places six regulatory requirements

The Securities and Exchange Commission of Pakistan (SECP) has placed six regulatory requirements for the branches of Non-Bank Microfinance Companies (NBMFCs). According to the circular number 23 of 2018 issued here on Friday, the Commission, in exercise o
Published 29 Dec, 2018 12:00am
Bank holiday

Bank holiday

The State Bank of Pakistan and all banks will remain closed for public dealing on Tuesday, the 1st January 2019, which will be observed as "bank holiday". All banks/DFIs/MFBs will, therefore, remain closed for public dealing on the abovesaid date. However
Published 29 Dec, 2018 12:00am
Bank holiday

Bank holiday

The State Bank of Pakistan and all banks will remain closed for public dealing on Tuesday, the 1st January 2019, which will be observed as "bank holiday". All banks/DFIs/MFBs will, therefore, remain closed for public dealing on the abovesaid date. However
Published 29 Dec, 2018 12:00am
Bank holiday

Bank holiday

The State Bank of Pakistan and all banks will remain closed for public dealing on Tuesday, the 1st January 2019, which will be observed as "bank holiday". All banks/DFIs/MFBs will, therefore, remain closed for public dealing on the abovesaid date. However
Published 29 Dec, 2018 12:00am
UBG sweeps FPCCI elections

UBG sweeps FPCCI elections

The United Business Group (UBG) led by Iftikhar Malik and S MMuneer has swept the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) annual elections held on December 28 for the year 2019. According to unofficial results the UBG candidate En
Published 29 Dec, 2018 12:00am
UBG sweeps FPCCI elections

UBG sweeps FPCCI elections

The United Business Group (UBG) led by Iftikhar Malik and S MMuneer has swept the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) annual elections held on December 28 for the year 2019. According to unofficial results the UBG candidate En
Published 29 Dec, 2018 12:00am
UBG sweeps FPCCI elections

UBG sweeps FPCCI elections

The United Business Group (UBG) led by Iftikhar Malik and S MMuneer has swept the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) annual elections held on December 28 for the year 2019. According to unofficial results the UBG candidate En
Published 29 Dec, 2018 12:00am
Envoys urged to make efforts towards enhancing exports

Envoys urged to make efforts towards enhancing exports

Prime Minister Imran Khan on Friday directed the country''s embassies and missions abroad to make all-out efforts to enhance the country''s exports, attract foreign investment and help check the menace of money laundering. Addressing the concluding sessio
Published 29 Dec, 2018 12:00am
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