News Archives for Print - 2019-01-13

10 percent increase recorded in remittances in six months: MoF

Spokesperson for the Finance Ministry, Dr Khaqan Mujeeb Saturday said 10 percent increase was recorded in remittances in the first six months of the incumbent government. "The increase in remittances will create a positive impact on the balance of payment

Published 13 Jan, 2019 12:00am

10 percent increase recorded in remittances in six months: MoF

Spokesperson for the Finance Ministry, Dr Khaqan Mujeeb Saturday said 10 percent increase was recorded in remittances in the first six months of the incumbent government. "The increase in remittances will create a positive impact on the balance of payment

Published 13 Jan, 2019 12:00am

10 percent increase recorded in remittances in six months: MoF

Spokesperson for the Finance Ministry, Dr Khaqan Mujeeb Saturday said 10 percent increase was recorded in remittances in the first six months of the incumbent government. "The increase in remittances will create a positive impact on the balance of payment

Published 13 Jan, 2019 12:00am

Saudi energy team visits Gwadar

A Saudi delegation arrived at Gwadar on Saturday to inspect the land allocated for a proposed oil refinery of approximately $ 8 billion, according to Petroleum Division. Federal Petroleum Minister Ghulam Sarwar Khan welcomed Saudi Minister Khalid Abdul Az

Published 13 Jan, 2019 12:00am

Saudi energy team visits Gwadar

A Saudi delegation arrived at Gwadar on Saturday to inspect the land allocated for a proposed oil refinery of approximately $ 8 billion, according to Petroleum Division. Federal Petroleum Minister Ghulam Sarwar Khan welcomed Saudi Minister Khalid Abdul Az

Published 13 Jan, 2019 12:00am

Saudi energy team visits Gwadar

A Saudi delegation arrived at Gwadar on Saturday to inspect the land allocated for a proposed oil refinery of approximately $ 8 billion, according to Petroleum Division. Federal Petroleum Minister Ghulam Sarwar Khan welcomed Saudi Minister Khalid Abdul Az

Published 13 Jan, 2019 12:00am

LNG, jobs, investment: PM may visit Doha on January 22

Prime Minister Imran Khan is expected to visit Qatar on January 22 where discussions may focus on increase in employment opportunities for Pakistanis from announced 100,000 to 150,000 jobs, provision of LNG on deferred payment to Pakistan and investment o

Published 13 Jan, 2019 12:00am

LNG, jobs, investment: PM may visit Doha on January 22

Prime Minister Imran Khan is expected to visit Qatar on January 22 where discussions may focus on increase in employment opportunities for Pakistanis from announced 100,000 to 150,000 jobs, provision of LNG on deferred payment to Pakistan and investment o

Published 13 Jan, 2019 12:00am

LNG, jobs, investment: PM may visit Doha on January 22

Prime Minister Imran Khan is expected to visit Qatar on January 22 where discussions may focus on increase in employment opportunities for Pakistanis from announced 100,000 to 150,000 jobs, provision of LNG on deferred payment to Pakistan and investment o

Published 13 Jan, 2019 12:00am

LNG, jobs, investment: PM may visit Doha on January 22

Prime Minister Imran Khan is expected to visit Qatar on January 22 where discussions may focus on increase in employment opportunities for Pakistanis from announced 100,000 to 150,000 jobs, provision of LNG on deferred payment to Pakistan and investment o

Published 13 Jan, 2019 12:00am

Cyber security: Insurance companies must set up systematic monitoring processes: SECP

The Securities and Exchange Commission of Pakistan (SECP) has directed insurance companies to establish systematic monitoring processes to detect cyber security incidents rapidly. According to the SECP instructions issued to the insurance companies, insur

Published 13 Jan, 2019 12:00am

Cyber security: Insurance companies must set up systematic monitoring processes: SECP

The Securities and Exchange Commission of Pakistan (SECP) has directed insurance companies to establish systematic monitoring processes to detect cyber security incidents rapidly. According to the SECP instructions issued to the insurance companies, insur

Published 13 Jan, 2019 12:00am

Cyber security: Insurance companies must set up systematic monitoring processes: SECP

The Securities and Exchange Commission of Pakistan (SECP) has directed insurance companies to establish systematic monitoring processes to detect cyber security incidents rapidly. According to the SECP instructions issued to the insurance companies, insur

Published 13 Jan, 2019 12:00am

Government shutdown becomes longest in US history

The partial US government shutdown entered a record 22nd day Saturday, as President Donald Trump remains steadfast in his demand for $5.7 billion to build a Mexico border wall and Democrats in Congress determined to refuse the funds. The impasse has paral

Published 13 Jan, 2019 12:00am

Government shutdown becomes longest in US history

The partial US government shutdown entered a record 22nd day Saturday, as President Donald Trump remains steadfast in his demand for $5.7 billion to build a Mexico border wall and Democrats in Congress determined to refuse the funds. The impasse has paral

Published 13 Jan, 2019 12:00am

No efforts under way to remove Sanjrani: Mandviwalla

Deputy Chairman Senate Saleem Mandviwalla Saturday denied that efforts are under way to remove Senate Chairman Sadiq Sanjrani from his office. A day ago, Mandviwalla had referred to the recent meetings of former President Asif Ali Zardari with Maulana Faz

Published 13 Jan, 2019 12:00am

No efforts under way to remove Sanjrani: Mandviwalla

Deputy Chairman Senate Saleem Mandviwalla Saturday denied that efforts are under way to remove Senate Chairman Sadiq Sanjrani from his office. A day ago, Mandviwalla had referred to the recent meetings of former President Asif Ali Zardari with Maulana Faz

Published 13 Jan, 2019 12:00am

Trump blasts FBI counterintel probe into whether he worked for Russia

President Donald Trump blasted the FBI Saturday, insisting it acted "for no reason & with no proof" when it opened an investigation into whether he was acting on Russia's behalf after he fired the agency's director, James Comey, in May 2017. The New York

Published 13 Jan, 2019 12:00am

Trump blasts FBI counterintel probe into whether he worked for Russia

President Donald Trump blasted the FBI Saturday, insisting it acted "for no reason & with no proof" when it opened an investigation into whether he was acting on Russia's behalf after he fired the agency's director, James Comey, in May 2017. The New York

Published 13 Jan, 2019 12:00am

Hundreds of 'yellow vest' protesters rally in central London

Hundreds of demonstrators wearing yellow vests took to the streets of London on Saturday, in the largest protest yet in Britain copying the "yellow vest" protests rocking France.

Published 13 Jan, 2019 12:00am

Hundreds of 'yellow vest' protesters rally in central London

Hundreds of demonstrators wearing yellow vests took to the streets of London on Saturday, in the largest protest yet in Britain copying the "yellow vest" protests rocking France.

Published 13 Jan, 2019 12:00am

France vows tough response as new 'yellow vest' demos loom

France braced for a fresh round of "yellow vest" protests across the country on Saturday, with the authorities vowing zero tolerance for violence after weekly scenes of rioting and vandalism in Paris and other cities over the past two months. Officials ha

Published 13 Jan, 2019 12:00am

France vows tough response as new 'yellow vest' demos loom

France braced for a fresh round of "yellow vest" protests across the country on Saturday, with the authorities vowing zero tolerance for violence after weekly scenes of rioting and vandalism in Paris and other cities over the past two months. Officials ha

Published 13 Jan, 2019 12:00am

'Mini-budget' on January 23

The government will unfold numerous measures in relation to ease of doing business and reduce taxes on investment in the Finance Supplementary (Amendment) Bill 2018 to be tabled in the parliament this month with major good news for stock market, announced

Published 13 Jan, 2019 12:00am

'Mini-budget' on January 23

The government will unfold numerous measures in relation to ease of doing business and reduce taxes on investment in the Finance Supplementary (Amendment) Bill 2018 to be tabled in the parliament this month with major good news for stock market, announced

Published 13 Jan, 2019 12:00am

''Mini-budget'' on January 23

The government will unfold numerous measures in relation to ease of doing business and reduce taxes on investment in the Finance Supplementary (Amendment) Bill 2018 to be tabled in the parliament this month with major good news for stock market, announced

Published 13 Jan, 2019 12:00am

Exports, AoPs and tax credit: Finance Suppl Bill to introduce amendments to FBR laws

Finance Supplementary (Amendment) Bill 2018, to be announced on January 23, would introduce amendments to the Federal Board of Revenue (FBR) laws to facilitate exports and may incorporate proprietorship and association of persons (AoPs) at par with compan

Published 13 Jan, 2019 12:00am

Exports, AoPs and tax credit: Finance Suppl Bill to introduce amendments to FBR laws

Finance Supplementary (Amendment) Bill 2018, to be announced on January 23, would introduce amendments to the Federal Board of Revenue (FBR) laws to facilitate exports and may incorporate proprietorship and association of persons (AoPs) at par with compan

Published 13 Jan, 2019 12:00am

Exports, AoPs and tax credit: Finance Suppl Bill to introduce amendments to FBR laws

Finance Supplementary (Amendment) Bill 2018, to be announced on January 23, would introduce amendments to the Federal Board of Revenue (FBR) laws to facilitate exports and may incorporate proprietorship and association of persons (AoPs) at par with compan

Published 13 Jan, 2019 12:00am

Currency

PML-N leaders criticise government

Pakistan Muslim League (Nawaz) leaders Saturday lambasted the incumbent government, saying it has failed to deliver in its first five months.

Published 13 Jan, 2019 12:00am

Currency

PML-N leaders criticise government

Pakistan Muslim League (Nawaz) leaders Saturday lambasted the incumbent government, saying it has failed to deliver in its first five months.

Published 13 Jan, 2019 12:00am

LNG scam case: Miftah appears before NAB investigators

Former Finance Minister Miftah Ismail Saturday appeared before the National Accountability Bureau (NAB) investigators in connection with the liquefied natural gas (LNG) scam case.

Published 13 Jan, 2019 12:00am

LNG scam case: Miftah appears before NAB investigators

Former Finance Minister Miftah Ismail Saturday appeared before the National Accountability Bureau (NAB) investigators in connection with the liquefied natural gas (LNG) scam case.

Published 13 Jan, 2019 12:00am

India claims Pakistan not serious about talks

Responding to Prime Minister Imran Khan's statement that Indian government was unresponsive to his peace overtures, Ministry of external affairs spokesperson Raveesh Kumar has blamed Pakistan for delay in peace talks, saying that it is not serious for neg

Published 13 Jan, 2019 12:00am

India claims Pakistan not serious about talks

Responding to Prime Minister Imran Khan's statement that Indian government was unresponsive to his peace overtures, Ministry of external affairs spokesperson Raveesh Kumar has blamed Pakistan for delay in peace talks, saying that it is not serious for neg

Published 13 Jan, 2019 12:00am

Realme products' record-breaking first sale on Daraz

As many as 1,000 units of Realme C1 were sold in 24 minutes and all units of Realme 2 Pro sold out in 55 seconds on their first sale on Daraz, setting new record in the mobile phone category. After the success in other countries and being on path toward b

Published 13 Jan, 2019 12:00am

CJP seeks report about psycho prisoner

Chief Justice Mian Saqib Nisar on Saturday sought report about mental illness of schizophrenic prisoner Khizar Hayat by January 14 on an appeal of his mother for suspension of his execution. Hearing public interest cases, Chief Justice Nisar said he read

Published 13 Jan, 2019 12:00am

'South Punjab' province to be created this year: FM

Foreign Minister Shah Mehmood Qureshi on Saturday said that a separate South Punjab province along with its secretariat will be established this year.

Published 13 Jan, 2019 12:00am

'South Punjab' province to be created this year: FM

Foreign Minister Shah Mehmood Qureshi on Saturday said that a separate South Punjab province along with its secretariat will be established this year.

Published 13 Jan, 2019 12:00am

IS commander killed

A senior commander of the Islamic State militant group was killed in Afghanistan in a raid, US Forces Afghanistan said on Saturday. Khetab Emir was killed in the raid on Jan 10 in the eastern area of Nangarhar province, said Lt. Ubon Mendie, a spokesman f

Published 13 Jan, 2019 12:00am

IS commander killed

A senior commander of the Islamic State militant group was killed in Afghanistan in a raid, US Forces Afghanistan said on Saturday. Khetab Emir was killed in the raid on Jan 10 in the eastern area of Nangarhar province, said Lt. Ubon Mendie, a spokesman f

Published 13 Jan, 2019 12:00am

Property losses in Aasia's acquittal protests: SC orders governments to pay compensation to victims within month

The Supreme Court on Saturday directed the federal and provincial governments to pay compensation within a month to victims who suffered losses of lives and properties during protests following Asia Bibi's acquittal in a blasphemy case and submit a compli

Published 13 Jan, 2019 12:00am

Property losses in Aasia's acquittal protests: SC orders governments to pay compensation to victims within month

The Supreme Court on Saturday directed the federal and provincial governments to pay compensation within a month to victims who suffered losses of lives and properties during protests following Asia Bibi's acquittal in a blasphemy case and submit a compli

Published 13 Jan, 2019 12:00am

SC orders demolition of cinema on military land

Supreme Court's monitoring bench on Saturday ordered continuation of removal of encroachments in the city and demolition of cinema at Rashid Minhas Road on military land. At its Karachi Registry, the SC bench headed by Justice Gulzar Ahmed also ordered co

Published 13 Jan, 2019 12:00am

SC orders demolition of cinema on military land

Supreme Court's monitoring bench on Saturday ordered continuation of removal of encroachments in the city and demolition of cinema at Rashid Minhas Road on military land. At its Karachi Registry, the SC bench headed by Justice Gulzar Ahmed also ordered co

Published 13 Jan, 2019 12:00am

Pompeo 'optimistic' Syria Kurds, Turkey can be protected

Washington's top diplomat said Saturday he was "optimistic" a way could be found to protect Syrian Kurds while allowing Turks to "defend their country from terrorists" following a US pullout from Syria. "We are confident we can achieve an outcome that ach

Published 13 Jan, 2019 12:00am

Pompeo 'optimistic' Syria Kurds, Turkey can be protected

Washington's top diplomat said Saturday he was "optimistic" a way could be found to protect Syrian Kurds while allowing Turks to "defend their country from terrorists" following a US pullout from Syria. "We are confident we can achieve an outcome that ach

Published 13 Jan, 2019 12:00am

China's Huawei fires employee detained in Poland

Huawei said Saturday it has fired a Chinese employee who was arrested in Poland on espionage allegations, as China's telecom giant distanced itself from the case amid Western concerns that it could act as a proxy for Chinese security services. This week's

Published 13 Jan, 2019 12:00am

China's Huawei fires employee detained in Poland

Huawei said Saturday it has fired a Chinese employee who was arrested in Poland on espionage allegations, as China's telecom giant distanced itself from the case amid Western concerns that it could act as a proxy for Chinese security services. This week's

Published 13 Jan, 2019 12:00am

China''s Huawei fires employee detained in Poland

Huawei said Saturday it has fired a Chinese employee who was arrested in Poland on espionage allegations, as China''s telecom giant distanced itself from the case amid Western concerns that it could act as a proxy for Chinese security services. This week'

Published 13 Jan, 2019 12:00am

Military courts: PM forms committee for talks with opposition

Prime Minister Imran Khan on Saturday formed a committee to hold negotiations with the opposition parties pertaining to extension of military courts' tenure. The task has been handed over to Defence Minister Pervez Khattak and Foreign Minister Shah Mehmoo

Published 13 Jan, 2019 12:00am

Military courts: PM forms committee for talks with opposition

Prime Minister Imran Khan on Saturday formed a committee to hold negotiations with the opposition parties pertaining to extension of military courts' tenure. The task has been handed over to Defence Minister Pervez Khattak and Foreign Minister Shah Mehmoo

Published 13 Jan, 2019 12:00am

Two dead in Paris gas blast

Two firefighters died and nearly people 50 were injured in a massive gas explosion that gutted the ground floor of a building in a central Paris shopping district on Saturday, authorities said. The accident occurred with Paris under security lockdown for

Published 13 Jan, 2019 12:00am

Two dead in Paris gas blast

Two firefighters died and nearly people 50 were injured in a massive gas explosion that gutted the ground floor of a building in a central Paris shopping district on Saturday, authorities said. The accident occurred with Paris under security lockdown for

Published 13 Jan, 2019 12:00am

Non-duty paid cigarettes smuggling: FBR tells field force to set up checkposts on AJK route

The Federal Board of Revenue (FBR) has directed its field formations that check posts may be established on routes coming from Azad Jammu and Kashmir for the purpose of interrupting movement of non-duty paid cigarettes and their confiscation as per law.

Published 13 Jan, 2019 12:00am

Non-duty paid cigarettes smuggling: FBR tells field force to set up checkposts on AJK route

The Federal Board of Revenue (FBR) has directed its field formations that check posts may be established on routes coming from Azad Jammu and Kashmir for the purpose of interrupting movement of non-duty paid cigarettes and their confiscation as per law.

Published 13 Jan, 2019 12:00am

Non-duty paid cigarettes smuggling: FBR tells field force to set up checkposts on AJK route

The Federal Board of Revenue (FBR) has directed its field formations that check posts may be established on routes coming from Azad Jammu and Kashmir for the purpose of interrupting movement of non-duty paid cigarettes and their confiscation as per law.

Published 13 Jan, 2019 12:00am

Weekly SPI inflation jumps 0.4 percent

The Sensitive Price Indicator (SPI), which computes weekly inflation, for the combined income group has recorded yet another increase of 0.4 percent for the week ended January 10, data released by Pakistan Bureau of Statistic (PBS) said. According to SPI

Published 13 Jan, 2019 12:00am

Weekly SPI inflation jumps 0.4 percent

The Sensitive Price Indicator (SPI), which computes weekly inflation, for the combined income group has recorded yet another increase of 0.4 percent for the week ended January 10, data released by Pakistan Bureau of Statistic (PBS) said. According to SPI

Published 13 Jan, 2019 12:00am

Weekly SPI inflation jumps 0.4 percent

The Sensitive Price Indicator (SPI), which computes weekly inflation, for the combined income group has recorded yet another increase of 0.4 percent for the week ended January 10, data released by Pakistan Bureau of Statistic (PBS) said. According to SPI

Published 13 Jan, 2019 12:00am

New alliance increases pressure on BJP

Two regional parties that were former bitter rivals announced an unlikely alliance Saturday to fight Indian Prime Minister Narendra Modi's ruling Hindu nationalist party in a looming general election.

Published 13 Jan, 2019 12:00am

New alliance increases pressure on BJP

Two regional parties that were former bitter rivals announced an unlikely alliance Saturday to fight Indian Prime Minister Narendra Modi's ruling Hindu nationalist party in a looming general election.

Published 13 Jan, 2019 12:00am

Narendra Modi's growing belligerence

As an apt reincarnation of Chanakya (nick name Indian Machiavelli), India's Prime Minister Narendra Modi is out for anything to say and do anything to win another election. But given his pathetic performance and the electorate's growing ability to see thr

Updated 29 Jul, 2019 07:26am

Bomb blasts in Balochistan

Terrorists struck twice in Balochistan a week ago. In the northern Pashtun-dominated district of Pishin, an improvised explosive device (IED) hidden inside a motorcycle went off outside the office of Naib Tehsildar as he arrived in Levies vehicle. The oth

Updated 29 Jul, 2019 07:26am

Tackling the energy mess

Last week, Chief Justice of Pakistan took notice of excess payment made to a few independent power plants (IPPs) in relation to the circular debt. These IPPs have been accused of seeking rent and making money above the government contractual obligations,

Published 13 Jan, 2019 12:00am

Regional powers stick with Bashir as Sudan protests mount

As angry protests pile pressure on Sudanese President Omar al-Bashir to step down, key powers are standing by his regime to ensure stability in a strife-torn region, analysts say. Demonstrations that erupted in the provinces last month after the governmen

Published 13 Jan, 2019 12:00am

Increased costs bit US retailers despite higher holiday sales

Holiday shopping reports released Thursday underscored anew the challenges US retailers face in the Amazon era - even if consumers are willing to open their wallets to spend.

Published 13 Jan, 2019 12:00am

The Asghar Khan case

The family of the late Air Marshal Asghar Khan (retd) has made the right decision. The question is why should it suffer on account of FIA's incompetence and complacency? It is quite unbelievable that the FIA has proposed to the top court to close the Asgh

Published 13 Jan, 2019 12:00am

PESA urges government to extend military courts' term

Pakistan Ex-Servicemen Association (PESA) has urged the government to extend the term of military court till complete peace is restored in the country. They expressed these views in a meeting of Veterans of Pakistan (VoP), formerly known as PESA, chaired

Published 13 Jan, 2019 12:00am

KP CM orders shifting of 171 orphans to shelter homes

Chief Minister Khyber Pakhtunkhwa Mahmood Khan had directed shifting of 171 orphan children to "Zamong Kor in 12 different districts in the province", especially established shelter home for the street children.

Published 13 Jan, 2019 12:00am

PPP terms increase in drugs' prices enmity with nation

Pakistan Peoples Party (PPP) has reacted to increase in the prices of medicines and termed the government's decision an enmity with the nation. Senator Mustafa Nawaz Khokhar, the spokesman for Chairman PPP Bilawal Bhutto-Zardari, said that the constant in

Published 13 Jan, 2019 12:00am

ANP to oppose BoK's privatisation

ANP has hinted at moving judiciary against the possible privatization of the Bank of Khyber (BoK), adding that bank is the source of receipts of the province and instead privatization stressed need for its further strengthening.

Published 13 Jan, 2019 12:00am

Computer industry: amendment to ST Act required to remove tax anomaly: PCA

The Finance Supplementary (Amendment) Bill, 2019 requires an amendment to the Sales Tax Act, 1990 to remove an anomaly in IT sector by withdrawing conditional taxes on computer components parts used by the local manufacturer and assemblers.

Published 13 Jan, 2019 12:00am

Sugarcane growers criticise non-implementation of courts order

Sugarcane growers have expressed serious concern over the government's failure to implement courts order regarding payment of the sugarcane price to the farmers and warned to agitate after three days if the mills owners did not clear their dues.

Published 13 Jan, 2019 12:00am

NAB accords priority to mega corruption cases: chief

Chairman NAB former Justice Javed Iqbal has said that the NAB gives priority to the mega corruption white collar cases as per law. He said that corruption is mother of all evils as it undermines economic development and deprives deserving persons of their

Published 13 Jan, 2019 12:00am

No let up in incidents of robberies in Islamabad

The incidents of robbery increased in the federal capital during the last week, as 10 cases of various kinds of theft were reported to the city's various police stations wherein citizens lost valuables worth millions of rupees.

Published 13 Jan, 2019 12:00am

Justice Mansoor on reconstitution of bench

Justice Mansoor Ali Shah has said the Chief Justice has prerogative to constitute benches but once a bench is constituted and is seized of a matter on judicial side, it cannot be reconstituted by the Chief Justice in exercise of his administrative powers

Published 13 Jan, 2019 12:00am

Currency

Steps afoot to bring economy on right track: Umar

Federal Minister for Finance, Revenue and Economic Affairs, Asad Umar, has said that Prime Minister Imran Khan is taking personal interest for the betterment of the country's economy and government is taking all possible measures to bring the economy on r

Published 13 Jan, 2019 12:00am

Mini-budget to help improve ease of doing business: Umar

Federal Minister for Finance, Revenue and Economic Affairs, Asad Umar said that the purpose of the mini-budget is to remove obstacle and improve ease of doing business. Presiding over a meeting with business community during his first visit to Korangi Cre

Published 13 Jan, 2019 12:00am

UNGA president due next week

The UN General Assembly President, Maria Fernanda Espinosa will visit Pakistan from Friday next at the invitation of Pakistani government. Spokesperson of the UNGA President Monica Grayley told the regular briefing at UN Headquarters in New York that this

Published 13 Jan, 2019 12:00am

NED University convocation: Over 1,880 awarded degrees in different disciplines

Some 1885 students were awarded degrees in their respective disciplines at the 27th Convocation of NED University of Engineering & Technology held on Saturday at the main campus of the university. Four Scholars were also awarded PhD Degrees. Governor Sind

Published 13 Jan, 2019 12:00am

CTD directed to submit report on Chinese Consulate attack on February 8

The anti-terrorism court (ATC) on Saturday directed the Counter Terrorism Department (CTD) to compile and submit the investigation report on February 8 with regard to the attack on the Chinese Consulate in Karachi. Amid the hearing, CTD officers, investig

Published 13 Jan, 2019 12:00am

Real estate policy: Umar urged to take stakeholders on board

Real Estate Regulatory Authority (RERA) has urged the finance minister Asad Umer to take all stakeholders on board before finalizing policy related to the real estate sector. In a letter sent to the finance minister, the RERA said government was working o

Published 13 Jan, 2019 12:00am

Government urged to devise mechanism for early payment of refunds

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has urged the government to devise a mechanism for early payment of refunds. Different incentives should be offered to exporters with constant and cheaper supply of gas and

Published 13 Jan, 2019 12:00am

Currency

PMA slams raise in life-saving drugs

Pakistan Medical Association (PMA) has expressed its concerned over the announcement of 15 percent hike in the medicine prices by the Drug Regulatory Authority of Pakistan (DRAP) with the consent of the federal government of Pakistan. In a press release i

Published 13 Jan, 2019 12:00am

Present education system based on injustice: Shafqat

The government is trying to mobilise graduates across the country to improve literacy ratio from 58 percent to 70 percent and working to create national curriculum to remove the disparity in education system as the present education system is based on inj

Published 13 Jan, 2019 12:00am

Dr Asad Majeed presents credentials to Trump

Pakistan's Ambassador to the United States Dr Asad Majeed Khan presented his credentials to President Donald Trump in a ceremony held at the White House on Friday, read a press release by the Pakistan Embassy in Washington, DC. On the occasion, Ambassador

Published 13 Jan, 2019 12:00am

KE clarification

K-Electric (KE) is a law-abiding, responsible corporate entity which ensures compliance with all respective guidelines prescribed by relevant authorities. KE follows due process in coordination with concerned authorities, ensuring prior notification and s

Published 13 Jan, 2019 12:00am

IHC CJ deplores growing menace of nepotism

A good leader always puts his/her house in order first, said Islamabad High Court Chief Justice Athar Minallah. "For all types of leaders whether they belong to politics, judiciary, sports or any other discipline, attributes of good leadership are same,"

Published 13 Jan, 2019 12:00am

Sheikh Rashid desirous to become PAC member

Federal Railways Minister Sheikh Rashid Ahmed has expressed his keen interest to become member of the Public Accounts Committee (PAC) to ensure accountability of the Pakistan Muslim League-Nawaz leadership. The Minister was addressing a press conference o

Published 13 Jan, 2019 12:00am

Prices of essential kitchen items witness mixed trend

Prices of essential kitchen items witnessed a mixed trend during this week past as compared to preceding week, a survey conducted by Business Recorder revealed here on Saturday. The survey observed that during the week under review, prices of most

Published 13 Jan, 2019 12:00am

People of Sindh being punished for voting PPP to power: Bilawal

Pakistan Peoples Party (PPP) chairman Bilawal Bhutto-Zardari criticised Prime Minister Imran Khan saying that he should first learn the principles of politics before practising it. Bilawal was addressing participants at Sachal Sarmast Stadium in Kotri. "T

Published 13 Jan, 2019 12:00am

SC orders government to sell petrol pumps through open bidding

The Supreme Court on Saturday directed the Punjab and city district governments to take overall 24 petrol pumps being run on state land in Lahore and put them on sale through open bidding. A bench headed by Chief Justice Mian Saqib Nisar was hearing a mat

Published 13 Jan, 2019 12:00am

Anti-encroachment operation at Fruit Market begins

The Lahore District Administration on Saturday commenced anti-encroachment operation at Fruit and Vegetable Market in the provincial capital. During the operation, the team of Assistant Commissioner Umar Hayat Gonal removed illegal structures built both i

Published 13 Jan, 2019 12:00am

Drizzling forecast for Karachi, Thatta & Sukkur

The Met Office on Saturday forecast a very cold and dry weather for the most parts of the country in the ext 24 hours. However, it said, a partly cloudy weather is expected in Malakand and Hazara Divisions, Kashmir and Gilgit-Baltistan. "A westerly wave i

Published 13 Jan, 2019 12:00am

Sindh government wants SWC to continue working

Sindh Government on Saturday requested Water Commission to continue working till the objectives are completely accomplished as the commission's term is expiring on January 15. Sindh Advocate General Salman Talabuddin made this request on behalf of the pro

Published 13 Jan, 2019 12:00am

LDA City: SC disposes of affectees' case after minister assures compensation

The Chief Justice (CJ) of Pakistan on Saturday disposed of a suo motu notice taken on complaint of non-provision of plots in LDA City housing scheme after the Punjab Minister for Housing informed the court that the government had chalked out a plan to com

Published 13 Jan, 2019 12:00am

Turkish firm to invest in Punjab's health sector

A leading Turkish manufacturing company TMT has offered to make investment in manufacturing of medical and surgical equipment in Punjab. A delegation led by chairman TMT Omer CIKIN called on the provincial health minister Prof Yasmin Rashid, here on Satur

Published 13 Jan, 2019 12:00am

JI chief asks PM to begin accountability from his family

JI Chief, Senator Sirajul Haq has urged Prime Minister Imran Khan to begin accountability from his own house as per his own announcement so that nobody could raise any objection and term it victimization. While talking to the media after addressing the JI

Published 13 Jan, 2019 12:00am

US calls for 'orderly transition' in Venezuela

The United States called on Saturday for Venezuela to begin an "orderly transition" to a new government, days after Nicolas Maduro was sworn in to a disputed second term as president. "The people of Venezuela deserve to live in freedom in a democratic soc

Published 13 Jan, 2019 12:00am

Currency	Rate
USD PKR Interbank Selling / May 9	281.75
USD PKR Interbank Buying / May 9	281.50
USD to Japanese Yen / May 9	145.37
USD to Swiss Franc / May 9	0.83
Pound Sterling to USD / May 9	1.33
Euro to USD / May 9	1.12
UK LIBOR % / May 9	4.96

Stock	Volume
S&P 500 / May 9	5,659.91
India Sensex / May 9	79,454.47
Tokyo Nikkei / May 9	37,503.33
Nasdaq / May 9	17,928.92
Hang Seng / May 9	22,867.74
FTSE 100 / May 9	8,554.80
Dow Jones / May 9	41,249.38
Germany DAX 30 / May 9	23,499.32
France CAC40 / May 9	7,743.75

Item	Value
Crude Oil USD/Barrel / May 9	61.02
Karachi Cotton PKR/37.32 KG / May 9	16,985
Gold 10 Grams PKR / May 9	300,840
Gold Spot USD/Ounce / May 9	3,324.98
Cotton US¢/pound / May 9	66.61
Petrol/Litre / May 11	252.63
Diesel/Litre / May 11	256.64

Stock	Price
First AL-Noor Mod. / May 9 First Al-Noor Modaraba(FANM)	3 ▲ 0.67 (28.76%)
Premier Insurance / May 9 Premier Insurance Limited(PINL)	5.15 ▲ 0.72 (16.25%)
Escorts Bank / May 9 Escorts Investment Bank Limited(ESBL)	5.98 ▲ 0.83 (16.12%)
Parmount Sp. / May 9 Paramount Spinning Mills Limited(PASM)	3.22 ▲ 0.41 (14.59%)
UDL International / May 9 UDL International Limited(UDLI)	7.10 ▲ 0.85 (13.6%)
Abdullah Shah / May 9 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	5.44 ▲ 0.65 (13.57%)
Chenab Ltd (Pref) / May 9 Chenab Limited (Pref)(CLCPS)	2.05 ▲ 0.23 (12.64%)
LSE Capital / May 9 LSE Capital Limited(LSECL)	4.39 ▲ 0.48 (12.28%)
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	6.42 ▲ 0.7 (12.24%)
D.S. Ind. Ltd. / May 9 D.S. Industries Limited(DSIL)	3.90 ▲ 0.41 (11.75%)

Stock	Price
Cyan Limited / May 9 Cyan Limited(CYAN)	27.05 ▼ -5.03 (-15.68%)
Burj Clean Energy Modaraba / May 9 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.11 ▼ -1 (-12.33%)
Universal Ins. / May 9 The Universal Insurance Company Limited(UVIC)	8.25 ▼ -1 (-10.81%)
Sally Textile / May 9 Sally Textile Mills Limited(SLYT)	7.14 ▼ -0.86 (-10.75%)
Jubilee Spinning / May 9 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	8.43 ▼ -0.95 (-10.13%)
At-Tahur Ltd. / May 9 At-Tahur Limited(PREMA)	42.57 ▼ -4.73 (-10%)
Khyber Tobacco / May 9 Khyber Tobacco Company Limited(KHTC)	342.26 ▼ -38.03 (-10%)
Dewan Mushtaq / May 9 Dewan Mushtaq Textile Mills Limited(DMTM)	9.29 ▼ -1.03 (-9.98%)
PIA Holding Co.Ltd / May 9 PIA Holding Company Limited(PIAHCLA)	12.23 ▼ -1.35 (-9.94%)
First Elite Cap.Mod / May 9 First Elite Capital Modaraba(FECM)	18.44 ▼ -2 (-9.78%)

Stock	Volume
WorldCall Telecom / May 9 Worldcall Telecom Limited(WTL)	47,087,025 ▲ 0.06
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	33,590,475 ▲ 0.7
Sui South Gas / May 9 Sui Southern Gas Company Limited(SSGC)	29,288,646 ▼ -1.53
B.O.Punjab / May 9 The Bank of Punjab(BOP)	18,310,598 ▲ 0.44
Pak Refinery / May 9 Pakistan Refinery Limited(PRL)	15,347,121 ▲ 0.3
PIA Holding Co.Ltd / May 9 PIA Holding Company Limited(PIAHCLA)	14,961,675 ▼ -1.35
Sui North Gas / May 9 Sui Northern Gas Pipelines Limited(SNGP)	14,847,660 ▲ 5.69
K-Electric Ltd. / May 9 K-Electric Limited(KEL)	14,463,181 ▲ 0.09
Maple Leaf Cement / May 9 Maple Leaf Cement Factory Limited(MLCF)	13,544,491 ▲ 2.45
Kohinoor Spining / May 9 Kohinoor Spinning Mills Limited(KOSM)	13,517,642 ▲ 0.05

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