News Archives for Print - 2019-01-17

Raw sugar touches two-month high

Raw sugar futures rose to a two-month high on Wednesday, boosted by fund short covering, while cocoa regained much of the prior session's losses. March raw sugar settled up 0.01 cent, or 0.1 percent, at 13.17 cents per lb after touching 13.27 cents, the h

Published 17 Jan, 2019 12:00am

Gold rises in Asia

Gold edged up on Wednesday, supported by uncertainty around Brexit after lawmakers voted down British Prime Minister Theresa May's deal to leave the European Union, while calls grew for a pause in US rate hikes. Spot gold was up 0.2 percent at $1,291.49 p

Published 17 Jan, 2019 12:00am

Gold steadies in Europe

Gold was steady on Wednesday as support for the metal stemming from uncertainty over Brexit and a partial US government shutdown was countered by a firmer US dollar. Spot gold was little changed at $1,288.77 per ounce at 1255 GMT. US gold futures were als

Published 17 Jan, 2019 12:00am

US MIDDAY: Corn rises

US corn futures firmed on Wednesday in a bargain-buying and short-covering bounce as the market's steep drop to six-week lows in the previous session triggered renewed demand for the feed grain. Wheat also rebounded after hitting two-week lows on Tuesday,

Published 17 Jan, 2019 12:00am

US MIDDAY: Palladium hits peak

Palladium rose to a record high in early New York trade on Wednesday on increasing demand and lower supply of the metal used in autocatalysts, while gold gained on expectations of a pause in the US Federal Reserve's rate hiking cycle. Palladium jumped to

Published 17 Jan, 2019 12:00am

Government may appoint PTA chairman today

The federal government is likely to appoint chairman Pakistan Telecomm-unication Authority (PTA) today (Thursday) from the incumbent three members, well informed sources told Business Recorder. The present members of the authority are Muhammad Nave

Published 17 Jan, 2019 12:00am

CAA fails to fix responsibility for irregularities in IIA: PAC body briefed

The Civil Aviation Authority (CAA) officials on Wednesday failed to reveal the names of the officials who caused Rs 68 billion financial loss to national kitty by delaying the completion of Islamabad International Airport.

Published 17 Jan, 2019 12:00am

180 Pakistani students achieve outstanding results in GCSE, A level exams

Globally 180 Pakistani students have achieved outstanding results and won awards in different categories including Top in World, Top in Asia and Top in Country in international General Certificate of Secondary Education (GCSE) and A Level Examinations.

Published 17 Jan, 2019 12:00am

FPCCI demands government to resolve GIDC issue

The President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), Engr Daroo Khan Achakzai Wednesday urged the government to resolve the long outstanding issue of Gas and Infrastructure Development Cess (GIDC) in consultation with the k

Published 17 Jan, 2019 12:00am

Mobile phones registration: MoITT to seek cabinet's nod for further extending deadline

Ministry of Information Technology and Telecommunication (MoITT) may seek cabinet's approval for further extension in deadline for blocking unregistered mobile phones, it is learnt. Official sources told Business Recorder that the federal cabinet i

Published 17 Jan, 2019 12:00am

Mutual Funds

Gharibwal Cement

Located in district Chakwal of Punjab, Gharibwal Cement (PSX: GWCL) is one of the mid-tier cement manufacturers supplying cement mainly to the northern side of the domestic market. The company was incorporated in 1961, started its operations in 1965 (with

Updated 17 Jan, 2019 06:56am

Mutual Funds

Gharibwal Cement

Located in district Chakwal of Punjab, Gharibwal Cement (PSX: GWCL) is one of the mid-tier cement manufacturers supplying cement mainly to the northern side of the domestic market. The company was incorporated in 1961, started its operations in 1965 (with

Published 17 Jan, 2019 12:00am

Seminar on 'Paigham-e-Pakistan' held

Divisional Commissioner Asif Iqbal Chaudhary has said that unanimous narrative of "Paigham-e-Pakistan" all sects of Ulema Karam was in fact manifesto of national solidarity and peace which would be promoted at all level for maintaining religious harmony,

Published 17 Jan, 2019 12:00am

Punjab CM vows to improve working of institutions

Punjab chief minister Sardar Usman Buzdar Wednesday said that provision of job opportunities as well as new houses is a part of PTI agenda and suitable places are being identified for the construction of houses for homeless people.

Published 17 Jan, 2019 12:00am

LHC allows Hamza to go abroad for 10 days

The Lahore High Court on Wednesday allowed Leader of Opposition in Punjab Assembly Hamza Shahbaz to fly abroad for 10 days. The court also issued notice to the interior ministry and sought its reply within fortnight. Earlier, Justice Muhammad Farrukh Irfa

Published 17 Jan, 2019 12:00am

Additional charge for Aleem Khan

Punjab Chief Minister has given additional charge of Minister for Planning and Development to Senior Minister Abdul Aleem Khan. He will continue to be Minister for Local Government & Community Development.

Published 17 Jan, 2019 12:00am

RTO recovers Rs 10 million from departmental store

Regional Tax Office (RTO) of the Federal Board of Revenue (FBR) has recovered Rs10 million from a leading departmental store after raiding its sale record on Wednesday. The recovery was made from Shadman branch of the departmental store.

Published 17 Jan, 2019 12:00am

Four sewage treatment plants approved

Punjab Provincial Development Working Party has approved the construction of four (04) sewage treatment plants and required sewerage lines along Rawal Lake, its surroundings and catchments area at the cost of Rs 972 million to keep the drinking water of t

Published 17 Jan, 2019 12:00am

Potato growers announce to end sit-in

Potato growers on Wednesday announced to end their sit-in after assurance by Punjab Agriculture Minister Malik Noman Ahmad Langrial that every possible step would be taken to save them from exploitation. Langrial said the provincial government had written

Published 17 Jan, 2019 12:00am

South Punjab secretariat to be functional shortly: Sarwar

Punjab Governor Mohammad Sarwar said on Wednesday that South Punjab Secretariat and South Punjab Public Service Commission will start working soon. The governor said this while addressing the participants of 48th staff course of Pakistan Navy War College

Published 17 Jan, 2019 12:00am

Chinese investment: PCJCCI identifies eight potential sectors

Pak-China Joint Chamber of Commerce and Industry (PCJCCI) has decided to take steps for attracting Chinese investment in eight potential industrial sectors including furniture, handicrafts, textile, fertilizers, cement, glasswork energy and pharmaceutical

Published 17 Jan, 2019 12:00am

Government urged to take steps for curbing smuggling of tyres

The local tyre industry has exhorted the government to take steps to curb the menace of smuggling and address the import trade price (ITP) values that will help government in building documented economy and curbing evasion of taxes. "The FBR should make s

Published 17 Jan, 2019 12:00am

PTI government to support pharma industry: minister

"The PTI government will fully support the pharmaceutical industry and efforts will be made to produce raw material used in manufacturing medicines locally in an attempt to reduce imports." Punjab Health Minister Dr Yasmeen Rashid said this while speaking

Published 17 Jan, 2019 12:00am

Country lacks good governance: Siraj

Chief of Jamaat-e-Islami, Senator Sirajul Haq, has said that the country was lacking good governance and rule of law as the government was still living in the world of dreams and ideas. While addressing the central leadership of the JI at Mansoora, he sai

Published 17 Jan, 2019 12:00am

Currency

LCCI chief calls for private sector's representation in policy-making

Lahore Chamber of Commerce and Industry (LCCI) President Almas Hyder on Wednesday called for representation of private sector in policy making to ensure immediate treatment to the economic issues. The LCCI President in a statement said that being most imp

Published 17 Jan, 2019 12:00am

PHC takes notice of raise in LRH's OPD fee

The Peshawar High Court has taken notice of the increase in fee of out patient department (OPD) of the Lady Reading Hospital (LRH) Peshawar. The administration of the LRH, the largest hospital of Khyber Pakhtunkhwa, increased the OPD fee from Rs20 to Rs30

Published 17 Jan, 2019 12:00am

Government vows to help resolve issue of potato price

The Pakistan Tehreek-e-Insaf government Wednesday assured potato farmers to resolve the issue of prices of their produce by consulting all stakeholders. The members of the opposition parties urged the government to buy the farmers produce through PASSCO;

Published 17 Jan, 2019 12:00am

DIRBS notified: Procedure for legalisation of mobile devices unveiled

The Federal Board of Revenue (FBR) Wednesday issued the procedure for legalisation of mobile devices with SIM or IMEI functionality brought into Pakistan, which have been seized or voluntarily presented to customs authorities after January 15, 2019, on pa

Published 17 Jan, 2019 12:00am

DIRBS notified: Procedure for legalisation of mobile devices unveiled

The Federal Board of Revenue (FBR) Wednesday issued the procedure for legalisation of mobile devices with SIM or IMEI functionality brought into Pakistan, which have been seized or voluntarily presented to customs authorities after January 15, 2019, on pa

Published 17 Jan, 2019 12:00am

SKMH, Descon organize blood donation drive

Descon in collaboration with Shaukat Khanam Memorial Hospital (SKMH) organized a blood donation drive for cancer patients at Descon HQ. The one-day blood drive drew a great response from Descon employees and was attended members of every level of the orga

Published 17 Jan, 2019 12:00am

SECP holds workshop on public sector corporate governance

The Securities and Exchange Commission of Pakistan (SECP), in collaboration with the Corporate Governance Unit of Finance Department, Government of Khyber Pakhtunkhwa organized a workshop on "Public Sector Corporate Governance in Khyber Pakhtunkhwa". Taim

Published 17 Jan, 2019 12:00am

PM directs for early completion of historical buildings' mapping

Prime Minister Imran Khan Wednesday directed early completion of the mapping of buildings which carried historical and heritage value and religious tourism. He was chairing a meeting of the National Oversight Committee over adaptive re-use of public build

Published 17 Jan, 2019 12:00am

Four alleged terrorists killed in Hangu

The security forces on Wednesday killed four suspected terrorists, including a militant 'commander', during a raid near Qazi Pump area in Hangu district of Khyber Pakhtunkhwa. Acting on a tip-off, security forces conducted the raid on a suspected hide-out

Published 17 Jan, 2019 12:00am

Exxon starts drilling at Indus Block: CEO

Exxon Mobil has started drilling with initial cost of $75 million at Indus Block, said Irtiza Syed, CEO of the oil and gas exploration company, while briefing Federal Minister for Petroleum Ghulam Sarwar Khan here on Wednesday. He said the Exxon Mobil has

Published 17 Jan, 2019 12:00am

Cellphones' import declines by 3.31 percent in first half

Imports of mobile phones witnessed a decline of 3.31 percent in the first half (July-December) of the current fiscal year 2018-19 and remained $364.047 million as compared to $376.495 million imports during the same period of the last year. Mobile phone i

Published 17 Jan, 2019 12:00am

ITS being employed along LAH motorway

An Intelligent Transport System (ITS) is being employed in order to make Lahore-Abdul Hakeem (LAH) Motorway a state-of-the-art project. It was stated in a briefing session headed by NHA chairman Jawwad Rafique Malik here on Wednesday, says a press release

Published 17 Jan, 2019 12:00am

Samina Baig continues to be SCO brand ambassador

Special Communications Organization (SCO) renews the contract with Samina Baig as its brand ambassador. She was actively participating in CSR activities organized by SCO during her last tenure. Born in Gilgit-Baltistan, at the age of 22, Samina Baig becam

Published 17 Jan, 2019 12:00am

Around 87 million illicit cigarettes being consumed daily across country

The Ministry of National Health Services, Regulations and Coordination with the help of the Federal Board of Revenue (FBR) will have to take appropriate measures to check daily consumption of 87 million illicit cigarettes in Pakistan, reflecting serious v

Published 17 Jan, 2019 12:00am

NAB refuses to accept 'pressure'

National Accountability Bureau (NAB) has clarified that former President Asif Ali Zardari, Chief Minister, Sindh Syed Murad Ali Shah and MPA Mohtarma Faryal Talpur could not be apprehended on the desire of any minister. NAB has not yet received certified

Published 17 Jan, 2019 12:00am

PML-N submits seven adjournment motions in NA

Pakistan Muslim League-Nawaz (PML-N) Wednesday submitted seven adjournment motions in the National Assembly Secretariat relating to gas and power crisis, slow pace of work on CPEC projects and hike in prices of medicine. The adjournment motions submitted

Published 17 Jan, 2019 12:00am

Sindh government seeks early release of dues worth Rs 90 billion by centre

Advisor to Sindh Chief Minister for information, law and Anti Corruption, Barrister Murtaza Wahab here on Wednesday urged federal government to release province's outstanding dues worth Rs 90 billion.

Published 17 Jan, 2019 12:00am

UCs, Nadra ordered to register Christian marriages in accordance with law

The Supreme Court has directed union councils and National Database and Registration Authority (NADRA) to register Christian marriages and issue computerised marriage certificates, respectively, in accordance with law. A three-judge bench, headed by Chief

Published 17 Jan, 2019 12:00am

Janjua defends INGOs' closure & cancellation of their registration

Foreign Secretary Tehmina Janjua has insisted that cancellation of registration and closure of a number of INGOs is in full accord with the standards of due process. Briefing Islamabad-based envoys as part of outreach to discuss questions and mutual conce

Published 17 Jan, 2019 12:00am

Salman Rafique expresses reservation over NAB law

PML-N MPA Khawaja Salman Rafique on Wednesday expressed his reservation over the National Accountability Ordinance.

Published 17 Jan, 2019 12:00am

KE installs over 9,600 meters at various city neighbourhoods

K-Electric on Wednesday claimed to have installed over 9600 meters as part of its ongoing anti-theft drive in several localities of the metropolis.

Published 17 Jan, 2019 12:00am

MoUs inked with SECP for Sindh Business Registration Portal

Four Departments of Sindh Government Wednesday signed memorandums of understanding (MoUs) with Securities and Exchange Commission of Pakistan (SECP) to launch Sindh Business Registration Portal (SBRP) for facilitating entrepreneurs online.

Published 17 Jan, 2019 12:00am

Kaiser Bengali for shifting power generation on indigenous sources

Senior economist and a former Advisor to Sindh Chief Minister, Dr Kaiser Bengali has underlined the need for slashing imports including banning furnace oil imports and shifting the power generation on indigenous sources like hydel, coal, wind and solar.

Published 17 Jan, 2019 12:00am

Sindh police arrest 3060 accused during two weeks

The Sindh police on Wednesday claimed to have arrested around 3,060 accused in their raids and one encounter conducted at various districts of the province during the last two weeks.

Published 17 Jan, 2019 12:00am

Appointment of police surgeon: SHC wants Sindh government to evolve proper mechanism

Sindh High Court (SHC) on Wednesday sought the proper mechanism from the provincial government for appointment on posts of police surgeon/authorized medical officer so that fresh appointments can be purely made keeping in view the objectives of these post

Published 17 Jan, 2019 12:00am

KATI urges government not to transfer DC Korangi

Acting-President of Korangi Association of Trade & Industry (KATI) Faraz-ur-Rehman has urged the government that Deputy Commissioner (DC) Korangi, Quratulain Memon should continue and her transfer could halt the ongoing efforts to resolve Kornagi Industri

Published 17 Jan, 2019 12:00am

'Three children die of natural death in Mithi'

Civil Surgeon Civil Hospital Mithi, District Tharparkar in a statement said that the deaths of three children under five occurred due to natural diseases but not due to malnutrition as reported in different sections of press and media.

Published 17 Jan, 2019 12:00am

Murad complains of getting less share of water from Indus

Chief Minister Sindh, Syed Murad Ali Shah on Wednesday cried foul during the Sindh Assembly session for his province is not receiving the allocated share of water, saying Indus River System Authority (Irsa) has an unjust mechanism.

Published 17 Jan, 2019 12:00am

PTI MNAs come down hard on their ministers

The ministers came under severe criticism by no other than their own party members for keeping no contact with members of the Parliament after taking oath as members of the federal cabinet of Prime Minister Imran Khan. In a meeting of Parliamentary Commit

Published 17 Jan, 2019 12:00am

Government indebted to friendly countries for their help: Umar

Minister for Finance Asad Umar on Wednesday said that the government acknowledges friendly countries' help in difficult economic situation to meet the financing gap, especially from China, Saudi Arabia and United Arab Emirates.

Published 17 Jan, 2019 12:00am

AC extends Saad Rafique's transit remand

Accountability Court on Wednesday allowed five days extension in transit remand of former Railways Minister Khawaja Saad Rafique in Paragon Housing Society case. Accountability Judge Mohammad Bashir extended Rafique's transit remand for five days. During

Published 17 Jan, 2019 12:00am

PM, MQM-P delegates discuss issues of Sindh

A delegation of Muttahida Qaumi Movement called on Prime Minister Imran Khan in Islamabad on Wednesday and discussed problems faced by Sindh province especially its big cities such as Karachi and Hyderabad. In his remarks, Prime Minister Imran Khan assert

Published 17 Jan, 2019 12:00am

No intention to topple federal government: Mengal

Balochistan National Party (BNP) leader Sardar Akhtar Mengal on Wednesday maintained that the party had no intention of toppling the federal government as long as their demands were accepted. While addressing media in Karachi, the BNP leader reiterated th

Published 17 Jan, 2019 12:00am

IHC to hear petition seeking disqualification of Imran from today

The Islamabad High Court (IHC) to hear a petition seeking disqualification of Prime Minister Imran Khan under the Article 62(1)(f) of Constitution today (Thursday). A division bench of IHC comprising Chief Justice IHC Athar Minallah and Justice Miangul Ha

Published 17 Jan, 2019 12:00am

FM stresses need for undertaking 'science diplomacy'

Foreign Minister Shah Mehmood Qureshi Wednesday emphasised the need for undertaking an effective 'science diplomacy' to deal with trans-boundary challenges such as climate, energy, water, poverty, health, and education. The foreign minister was speaking a

Published 17 Jan, 2019 12:00am

Punjab's soft-loan plan for skilled youths being finalized

Provincial Minister for Trade and Industry Mian Aslam Iqbal has said that the Punjab government is giving final shape to a programme of providing soft loans to skilled youth and loan markup support scheme is also being started to give soft loans for the p

Published 17 Jan, 2019 12:00am

Sabzwari slams Sindh government for ignoring Karachi, Hyderabad

The Muttahida Qaumi Movement-Pakistan (MQM-P) leader Faisal Sabzwari has criticized Pakistan Peoples Party (PPP) and its Sindh Government for ignoring development of Karachi and Hyderabad during its years in the power in the province. He was talking to th

Published 17 Jan, 2019 12:00am

Two convicted for embezzlement of government fund

Accountability Court Karachi on Wednesday awarded conviction to two accused persons for usurping & embezzlement of state exchequer. According to details, conviction was awarded to accused Sheikh Mohammad Asghar and Nazir Ahmed Toni for rigorous imprisonme

Published 17 Jan, 2019 12:00am

IMO, REAP delegation meets Ismail

A joint delegation of International Memon Organization (IMO) and Rice Exporters Association of Pakistan (REAP) under the leadership of IMO Patron-in-Chief Aqeel Karim Dhedhi and president Abdul Rahim Janoo had meeting with Sindh Governor Imran Ismail at t

Published 17 Jan, 2019 12:00am

China's support in agri sector

According to news reports, Pakistan and China have agreed to make 2019 a year of economic cooperation by promoting joint ventures, exports and industrial, socioeconomic and agriculture cooperation under the China Pakistan Economic Corridor (CPEC).

Published 17 Jan, 2019 12:00am

New retail tools aim to solve e-commerce profit dilemma

Conventional wisdom in the Amazon era holds that the lowest price wins the battle of the retailers, leading many to just about give away items to make a sale. Yet some data suggest a more nuanced reality: while 76 percent of retailers aim to sell goods at

Published 17 Jan, 2019 12:00am

China's growth data may mask economic risks

China's GDP growth may be significantly slower than official estimates suggest and its economy more vulnerable to external shocks than widely believed, a global business think tank has warned.

Published 17 Jan, 2019 12:00am

Asad: between rock and a hard place

The beleaguered Finance Minister gets no respite. He is constantly in the line of fire; at times under friendly fire as well. He puts on a brave face, using his analytical mind and impressive articulation to good effect. Ironically, this invites more flak

Published 17 Jan, 2019 12:00am

Plus Ca Change

After backtracking on its plans to introduce police and bureaucracy reforms, the PTI government in Punjab is in the process of making yet another policy U-turn. According to a press report, the provincial government has decided to allocate Rs 100 million

Updated 29 Jul, 2019 07:15am

Currency

'Darkening Skies'

The World Bank in its latest report, "Global Economic Prospects, Darkening Skies" has painted a very gloomy picture of Pakistan's economy. It says that GDP growth of Pakistan is expected to decelerate to 3.7 percent during 2018-19 as against 5.8 percent l

Updated 29 Jul, 2019 07:14am

US official, Janjua discuss Afghan peace efforts

The visiting Deputy Assistant to US President Donald Trump and Senior Director for South and Central Asia at the National Security Council, Lisa Curtis Wednesday held meeting with Foreign Secretary Tehmina Janjua and discussed issues of mutual concerns an

Published 17 Jan, 2019 12:00am

US official, Janjua discuss Afghan peace efforts

The visiting Deputy Assistant to US President Donald Trump and Senior Director for South and Central Asia at the National Security Council, Lisa Curtis Wednesday held meeting with Foreign Secretary Tehmina Janjua and discussed issues of mutual concerns an

Published 17 Jan, 2019 12:00am

APNS concerned at government's advertising policy

The All Pakistan Newspaper Society (APNS) has taken exception to the advertisement distribution policy of Federal Government as major part of advertising is being allocated to dummy and ghost publications in contrast to the claims of transparent and judic

Published 17 Jan, 2019 12:00am

APNS concerned at government's advertising policy

The All Pakistan Newspaper Society (APNS) has taken exception to the advertisement distribution policy of Federal Government as major part of advertising is being allocated to dummy and ghost publications in contrast to the claims of transparent and judic

Published 17 Jan, 2019 12:00am

Case against Dar: Saeed's signature found to be suspicious

A forensic expert Wednesday told the Accountability Court hearing a corruption case against former Finance Minister Ishaq Dar that signature on seven bank accounts opened in the name of former President National Bank of Pakistan (NBP) Saeed Ahmed are susp

Published 17 Jan, 2019 12:00am

Case against Dar: Saeed's signature found to be suspicious

A forensic expert Wednesday told the Accountability Court hearing a corruption case against former Finance Minister Ishaq Dar that signature on seven bank accounts opened in the name of former President National Bank of Pakistan (NBP) Saeed Ahmed are susp

Published 17 Jan, 2019 12:00am

Zardari, Bilawal, Murad: SC orders removal of names from ECL for the time being

The Supreme Court on Wednesday directed the government that the names of Bilawal Bhutto Zardari, Asif Ali Zardari and Chief Minister Sindh Murad Ali Shah be removed from the Exit Control List (ECL) for the time being. The court, however, clarified that th

Published 17 Jan, 2019 12:00am

Zardari, Bilawal, Murad: SC orders removal of names from ECL for the time being

The Supreme Court on Wednesday directed the government that the names of Bilawal Bhutto Zardari, Asif Ali Zardari and Chief Minister Sindh Murad Ali Shah be removed from the Exit Control List (ECL) for the time being. The court, however, clarified that th

Published 17 Jan, 2019 12:00am

Currency

Imported vehicles: payment of duty, taxes in forex made mandatory

The Ministry of Commerce and Textile has declared that payment of duty and taxes in foreign exchange is mandatory for the clearance of imported new & used vehicles. The decision is aimed at alleviating pressure and strengthening foreign exchange reserves,

Published 17 Jan, 2019 12:00am

Currency

Imported vehicles: payment of duty, taxes in forex made mandatory

The Ministry of Commerce and Textile has declared that payment of duty and taxes in foreign exchange is mandatory for the clearance of imported new & used vehicles. The decision is aimed at alleviating pressure and strengthening foreign exchange reserves,

Published 17 Jan, 2019 12:00am

Currency

Imported vehicles: payment of duty, taxes in forex made mandatory

The Ministry of Commerce and Textile has declared that payment of duty and taxes in foreign exchange is mandatory for the clearance of imported new & used vehicles. The decision is aimed at alleviating pressure and strengthening foreign exchange reserves,

Published 17 Jan, 2019 12:00am

K-Electric clarification

K-Electric is a law-abiding, responsible corporate entity which ensures compliance with all respective guidelines prescribed by relevant authorities. The power utility follows due process in coordination with concerned authorities, ensuring prior notifica

Published 17 Jan, 2019 12:00am

K-Electric clarification

K-Electric is a law-abiding, responsible corporate entity which ensures compliance with all respective guidelines prescribed by relevant authorities. The power utility follows due process in coordination with concerned authorities, ensuring prior notifica

Published 17 Jan, 2019 12:00am

K-Electric clarification

K-Electric is a law-abiding, responsible corporate entity which ensures compliance with all respective guidelines prescribed by relevant authorities. The power utility follows due process in coordination with concerned authorities, ensuring prior notifica

Published 17 Jan, 2019 12:00am

Acting CEO PIACL working on deputation

The appointment of Air Marshal Arshad Malik as acting Chief Executive Officer (CEO) Pakistan International Airlines Corporation Limited (PIACL) has reportedly been on deputation basis in consultation with Ministry of Defence, well-informed sources told <i

Published 17 Jan, 2019 12:00am

Acting CEO PIACL working on deputation

The appointment of Air Marshal Arshad Malik as acting Chief Executive Officer (CEO) Pakistan International Airlines Corporation Limited (PIACL) has reportedly been on deputation basis in consultation with Ministry of Defence, well-informed sources told <i

Published 17 Jan, 2019 12:00am

Acting CEO PIACL working on deputation

The appointment of Air Marshal Arshad Malik as acting Chief Executive Officer (CEO) Pakistan International Airlines Corporation Limited (PIACL) has reportedly been on deputation basis in consultation with Ministry of Defence, well-informed sources told <i

Published 17 Jan, 2019 12:00am

American killed in Kenya attack was 9/11 survivor

The American man who was among the 14 people killed in an attack on a luxury hotel complex in the Kenyan capital Nairobi was a consultant who survived the 9/11 attacks, and specialized in emerging economies. Authorities did not formally name Jason Spindle

Published 17 Jan, 2019 12:00am

American killed in Kenya attack was 9/11 survivor

The American man who was among the 14 people killed in an attack on a luxury hotel complex in the Kenyan capital Nairobi was a consultant who survived the 9/11 attacks, and specialized in emerging economies. Authorities did not formally name Jason Spindle

Published 17 Jan, 2019 12:00am

Administrative control of hospitals: SC dismisses Sindh government's appeal

Supreme Court on Wednesday dismissing the Sindh government's appeal seeking administrative control of three major Karachi hospitals from federation, wrapped up the case. A three-judge bench headed by Chief Justice Mian Saqib Nisar announcing the judgment,

Published 17 Jan, 2019 12:00am

Administrative control of hospitals: SC dismisses Sindh government's appeal

Supreme Court on Wednesday dismissing the Sindh government's appeal seeking administrative control of three major Karachi hospitals from federation, wrapped up the case. A three-judge bench headed by Chief Justice Mian Saqib Nisar announcing the judgment,

Published 17 Jan, 2019 12:00am

Dam Fund inflows: SBP announces reimbursement of TT charges

The State Bank of Pakistan (SBP) Wednesday announced reimbursement of TT charges on Dam Fund inflows through home remittance channel sent by overseas Pakistanis. Home remittance transactions are already eligible for reimbursement of TT charges, if the ban

Published 17 Jan, 2019 12:00am

Dam Fund inflows: SBP announces reimbursement of TT charges

The State Bank of Pakistan (SBP) Wednesday announced reimbursement of TT charges on Dam Fund inflows through home remittance channel sent by overseas Pakistanis. Home remittance transactions are already eligible for reimbursement of TT charges, if the ban

Published 17 Jan, 2019 12:00am

Dam Fund inflows: SBP announces reimbursement of TT charges

The State Bank of Pakistan (SBP) Wednesday announced reimbursement of TT charges on Dam Fund inflows through home remittance channel sent by overseas Pakistanis. Home remittance transactions are already eligible for reimbursement of TT charges, if the ban

Published 17 Jan, 2019 12:00am

Deficiencies in IHC bail order pointed out

The Supreme Court has noted that Islamabad High Court (IHC) has not adhered to the guidelines issued and recommendations made by it in the case of Muhammad Shakeel vs the State regarding shorter format of orders to be passed in bail.

Published 17 Jan, 2019 12:00am

Deficiencies in IHC bail order pointed out

The Supreme Court has noted that Islamabad High Court (IHC) has not adhered to the guidelines issued and recommendations made by it in the case of Muhammad Shakeel vs the State regarding shorter format of orders to be passed in bail.

Published 17 Jan, 2019 12:00am

US tells Taliban it must talk to Afghan government

The US envoy in Afghanistan said Wednesday that a peaceful end to the 17-year conflict requires the Taliban to engage in direct talks with the Afghan government, which they have consistently refused. Zalmay Khalilzad spoke to reporters in Kabul on his lat

Published 17 Jan, 2019 12:00am

US tells Taliban it must talk to Afghan government

The US envoy in Afghanistan said Wednesday that a peaceful end to the 17-year conflict requires the Taliban to engage in direct talks with the Afghan government, which they have consistently refused. Zalmay Khalilzad spoke to reporters in Kabul on his lat

Published 17 Jan, 2019 12:00am

Cabinet to meet with load of agenda today

The federal cabinet, which is scheduled to meet today (Thursday) with Prime Minister Imran Khan in the chair, will approve release of supplementary grant of Rs 9.387 million on account of revision in the salary of the President of Pakistan.

Published 17 Jan, 2019 12:00am

Cabinet to meet with load of agenda today

The federal cabinet, which is scheduled to meet today (Thursday) with Prime Minister Imran Khan in the chair, will approve release of supplementary grant of Rs 9.387 million on account of revision in the salary of the President of Pakistan.

Published 17 Jan, 2019 12:00am

Karkey case posing ''''attachment'''' threat to assets abroad: Cabinet meets today

The federal cabinet is expected to approve supplementary grant of $ 1.37 million on Thursday (today) to contest cases filed by M/s Karkey in courts of different countries as Pakistan''''s assets abroad are facing " attachment" threat, well-informed source

Published 17 Jan, 2019 12:00am

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 23	252.10

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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