News Archives for Print - 2019-02-07

KU science faculty awards gold medals to position holders

This is so unfortunate that we as a nation initiated our work without any proper preparation and the planning phase came during the work. We have to change such mindset and must learn from rest of the world which carried out in-depth planning before initi

Published 07 Feb, 2019 12:00am

PARC, TF join hands to combat drought in Thar

Attempting to make drought irrelevant in the region of Thar, the Pakistan Agriculture Research Council (PARC) has entered into an agreement with Thar Foundation (TF) to grow cash crops, fruit trees, modified seeds and fodder through efficient and innovati

Published 07 Feb, 2019 12:00am

JI chief slams government's economic policies

JI Chief Senator Sirajul Haq has said that economic policies of the government had failed and increased the problems of the common man. While addressing the central executive of the JI at Mansoora on Wednesday, he said that there was a flood of price hike

Published 07 Feb, 2019 12:00am

Judicial system's tiers: Senate body for framing working paper

The Senate Special Committee on Law Reforms Wednesday asked the adviser on legislative drafting to frame a working paper regarding tiers in the judicial system and the policy of special courts. The committee which met with Senator Farooq H Naek in the cha

Published 07 Feb, 2019 12:00am

Thai CG for expanding trade with Pakistan

Thai Consul General, Thatree Chauvachata has said that the efforts are being made to expand bilateral trade with Pakistan. Speaking at a meeting of Korangi Association of Trade & Industry (KATI), he said that Thailand already importing Pakistani seafood o

Published 07 Feb, 2019 12:00am

Cotton

Poor water management annually costs $12 billion to GDP: WB study

Poor water management is conservatively estimated to cost 4 percent or around $12 billion per year to national GDP, indicates of World Bank report on Pakistan: Getting More from Water. Sindh Water Sector Improvement Project, Government of Sindh in collabo

Published 07 Feb, 2019 12:00am

'Government committed to developing livestock sector on modern lines'

The government of Pakistan is committed to developing and promoting livestock sector on modern lines to meet local and global Halal meat demand. This was stated by Federal Minister for National Food Security and Research Sahibzada Muhammad Mehboob Sultan

Published 07 Feb, 2019 12:00am

Due to further cuts in funds: Ministry fears delay, cost escalation in road projects

The Ministry of Communications fears delay and cost escalation in road projects, including roads linked with the China-Pakistan Economic Corridor (CPEC) framework, owing to further cuts in funds as well as short releases under the Public Sector Developmen

Published 07 Feb, 2019 12:00am

KP lawyers observe strike against 'murder' of professor

The legal fraternity in Khyber Pakhtunkhwa on Wednesday observed strike in protest against death of a college professor allegedly due to police torture in Loralai, Balochistan. A complete strike was observed on call of Khyber Pakhtunkhwa Bar Council as th

Published 07 Feb, 2019 12:00am

Contempt notices against ex-AGP withdrawn

The Supreme Court on Wednesday withdrew contempt notices against former Attorney General for Pakistan Irfan Qadir in the Arsalan Iftikhar and Malik Riaz cases. A three-judge bench headed by Chief Justice Asif Saeed Khan Khosa heard the contempt notices ag

Published 07 Feb, 2019 12:00am

Bank accounts of media group attached

Large Taxpayers Unit (LTU), Karachi has attached the bank accounts of a private television (not Aaj TV) to recover pending sales tax dues of around Rs. 447 million. The dues including default surcharge and penalty amounting to Rs. 447 million were recover

Published 07 Feb, 2019 12:00am

Nawaz refuses to be shifted to PIC

While the provincial home department has accorded approval for shifting of Nawaz Sharif to the Punjab Institute of Cardiology (PIC) from Services Hospital, the former prime minister has declined to be shifted to the PIC. Nawaz Sharif has asked the Service

Published 07 Feb, 2019 12:00am

Nawaz's bail plea: IHC directs NAB, Home deptt Punjab to submit replies

The Islamabad High Court (IHC) on Wednesday directed National Accountability Bureau (NAB) and Home Department Punjab to submit replies on former Prime Minister Nawaz Sharif's bail plea on medical grounds. A division bench of IHC, comprising Justice Amir F

Published 07 Feb, 2019 12:00am

Senate panel seeks details of capacity payment to IPPs

The Senate Standing Committee on Power Wednesday sought details of capacity payment released to the Independent Power Producers (IPPs) and employees involved in electricity theft. Presided over by Senator Fida Muhammad, the committee also discussed other

Published 07 Feb, 2019 12:00am

South Punjab districts: Punjab CM accords approval to SIC programme

Punjab Chief Minister Sardar Usman Buzdar has accorded approval to the launch of Sehat Insaf Card (SIC) programme for southern Punjab districts. It has been decided to introduce Sehat Insaf Card in Rajanpur district during the 3rd week of this month. In t

Published 07 Feb, 2019 12:00am

Trump's address termed positive change towards Pakistan

Pakistan was not mentioned in US President Donald Trump's second State of the Union Address to a joint session of Congress, though he recognized the 'progress' made in the ongoing peace talks with warring groups in Afghanistan, including the Taliban. This

Published 07 Feb, 2019 12:00am

Above normal rain, snowfall forecast for February

The Met Office on Wednesday forecast above normal rain and snowfall for the country with scaling down temperature during February. In the monthly weather outlook, the Met said the above normal rainfall is expected across the country with above normal snow

Published 07 Feb, 2019 12:00am

KCCI chief urges CM, mayor to relocate victims of anti-encroachment drive

Karachi Chamber of Commerce & Industry (KCCI) president Junaid Esmail Makda has urged the Sindh Chief Minister Syed Murad Ali Shah, Minister for Local Government Saeed Ghani and Mayor Karachi Waseem Akhter to visit KCCI at the earliest in order to respond

Published 07 Feb, 2019 12:00am

'PIDE: economics without a sense of purpose'

With reference to Business Recorder's Research Report on PIDE published on 4 February 2019, it is stated that it is a one-sided report which has not taken the trouble of seeking the view of the Vice Chancellor, who is the main target of the report. The VC

Published 07 Feb, 2019 12:00am

EU's rail merger veto ignites spat over competition rules

PRIOUX in Brussels

Published 07 Feb, 2019 12:00am

Automation of revenue collection - II

FBR, responsible for the collection of federal taxes, has miserably failed to introduce any automated system, despite the fact that it has a market-wage oriented company, PRAL at its disposal, to monitor the economic activities of corporate/business secto

Published 07 Feb, 2019 12:00am

Economic diplomacy: the elusive target

At least once every two years Ambassadors from selected countries get together for the Envoys conference. Almost always economic diplomacy is top of the agenda. From Prime Minister down they are reminded modern diplomacy is about promoting country's econo

Published 07 Feb, 2019 12:00am

Modi in Kashmir

Indian Prime Minister Narendra Modi's day-long visit on Sunday to occupied Kashmir, where he launched several development projects, was aimed at asserting control but ended up proving the opposite. All shops and businesses remained closed on the call of t

Updated 11 Mar, 2019 07:58am

Currency

The debt quagmire

It is shocking indeed to know that the country's overall debt and liabilities continue to grow at an alarming rate. In its latest debt and fiscal policy statement released by the Ministry of Finance, the government has conceded that the country's total de

Updated 11 Mar, 2019 07:58am

Half of US troops to leave Afghanistan by May 1: Taliban

The US has promised to withdraw half of its troops from Afghanistan by the end of April, a Taliban official said Wednesday, but the US military said it has received no orders to begin packing up. Taliban official Abdul Salam Hanafi, speaking on the sideli

Published 07 Feb, 2019 12:00am

Half of US troops to leave Afghanistan by May 1: Taliban

The US has promised to withdraw half of its troops from Afghanistan by the end of April, a Taliban official said Wednesday, but the US military said it has received no orders to begin packing up. Taliban official Abdul Salam Hanafi, speaking on the sideli

Published 07 Feb, 2019 12:00am

External auditors too will conduct gas billing inquiry

A meeting of the Cabinet Committee on Energy (CCoE) decided to conduct an independent audit of gas bills for the month of December 2018 through external auditors after complaints of excessive billings. A meeting of the CCoE presided over by Finance Minist

Published 07 Feb, 2019 12:00am

External auditors too will conduct gas billing inquiry

A meeting of the Cabinet Committee on Energy (CCoE) decided to conduct an independent audit of gas bills for the month of December 2018 through external auditors after complaints of excessive billings. A meeting of the CCoE presided over by Finance Minist

Published 07 Feb, 2019 12:00am

External auditors too will conduct gas billing inquiry

A meeting of the Cabinet Committee on Energy (CCoE) decided to conduct an independent audit of gas bills for the month of December 2018 through external auditors after complaints of excessive billings. A meeting of the CCoE presided over by Finance Minist

Published 07 Feb, 2019 12:00am

Entities incorporated here: 100 percent foreign ownership policy stays unchanged: Razzak

Advisor to the Prime Minister on Commerce Abdul Razzak Dawood Wednesday said that there is no change in government policy on 100 percent foreign ownership allowed in legal entities incorporated in Pakistan. In a meeting with members of Overseas Investors

Published 07 Feb, 2019 12:00am

Entities incorporated here: 100 percent foreign ownership policy stays unchanged: Razzak

Advisor to the Prime Minister on Commerce Abdul Razzak Dawood Wednesday said that there is no change in government policy on 100 percent foreign ownership allowed in legal entities incorporated in Pakistan. In a meeting with members of Overseas Investors

Published 07 Feb, 2019 12:00am

Entities incorporated here: 100 percent foreign ownership policy stays unchanged: Razzak

Advisor to the Prime Minister on Commerce Abdul Razzak Dawood Wednesday said that there is no change in government policy on 100 percent foreign ownership allowed in legal entities incorporated in Pakistan. In a meeting with members of Overseas Investors

Published 07 Feb, 2019 12:00am

EU vetoes train-maker merger, drawing France's fury

The EU's powerful anti-trust sheriff, Margrethe Vestager, vetoed the merger of the Siemens-Alstom rail businesses on Wednesday, earning the fury of France. The tie-up, announced to great fanfare in 2017, had been hailed as the birth of a much-needed Europ

Published 07 Feb, 2019 12:00am

EU vetoes train-maker merger, drawing France's fury

The EU's powerful anti-trust sheriff, Margrethe Vestager, vetoed the merger of the Siemens-Alstom rail businesses on Wednesday, earning the fury of France. The tie-up, announced to great fanfare in 2017, had been hailed as the birth of a much-needed Europ

Published 07 Feb, 2019 12:00am

Government to release Rs 7 billion advertisements: minister

Federal Minister for Information and Broadcasting, Fawad Chaudhry Wednesday said that the government has changed advertisement policy and will give around Rs 7 billion advertisements this year. Addressing a function relating to the importance of digital m

Published 07 Feb, 2019 12:00am

Government to release Rs 7 billion advertisements: minister

Federal Minister for Information and Broadcasting, Fawad Chaudhry Wednesday said that the government has changed advertisement policy and will give around Rs 7 billion advertisements this year. Addressing a function relating to the importance of digital m

Published 07 Feb, 2019 12:00am

Government to release Rs 7 billion advertisements: minister

Federal Minister for Information and Broadcasting, Fawad Chaudhry Wednesday said that the government has changed advertisement policy and will give around Rs 7 billion advertisements this year. Addressing a function relating to the importance of digital m

Published 07 Feb, 2019 12:00am

Government to release Rs 7 billion advertisements: minister

Federal Minister for Information and Broadcasting, Fawad Chaudhry Wednesday said that the government has changed advertisement policy and will give around Rs 7 billion advertisements this year. Addressing a function relating to the importance of digital m

Published 07 Feb, 2019 12:00am

13 burn to death as bus collides with truck in Karak

At least 13 people burned to death and five others were injured on Wednesday when a passenger bus collided with a truck near Spin Ali Banda area on Indus Highway of the Karak District. According to police, the passenger bus was travelling from Peshawar to

Published 07 Feb, 2019 12:00am

13 burn to death as bus collides with truck in Karak

At least 13 people burned to death and five others were injured on Wednesday when a passenger bus collided with a truck near Spin Ali Banda area on Indus Highway of the Karak District. According to police, the passenger bus was travelling from Peshawar to

Published 07 Feb, 2019 12:00am

Commodity prices to figure atop Cabinet agenda today

The Cabinet, which is scheduled to meet Thursday (Feb 7) with Prime Minister Imran Khan in the chair, will get a detailed presentation of prices of essential commodities as, according to Pakistan Bureau of Statistics (PBS), inflation has crossed 7 percent

Published 07 Feb, 2019 12:00am

Commodity prices to figure atop Cabinet agenda today

The Cabinet, which is scheduled to meet Thursday (Feb 7) with Prime Minister Imran Khan in the chair, will get a detailed presentation of prices of essential commodities as, according to Pakistan Bureau of Statistics (PBS), inflation has crossed 7 percent

Published 07 Feb, 2019 12:00am

Commodity prices to figure atop Cabinet agenda today

The Cabinet, which is scheduled to meet Thursday (Feb 7) with Prime Minister Imran Khan in the chair, will get a detailed presentation of prices of essential commodities as, according to Pakistan Bureau of Statistics (PBS), inflation has crossed 7 percent

Published 07 Feb, 2019 12:00am

Trump nominates ''''happy warrior'''' to lead WB

President Donald Trump on Wednesday tapped a World Bank critic described as a "happy warrior" of pro-growth policies to lead one of the world''''s primary development lending institutions. David Malpass, a senior official in the Treasury Department, is a

Published 07 Feb, 2019 12:00am

Trump nominates ''happy warrior'' to lead WB

President Donald Trump on Wednesday tapped a World Bank critic described as a "happy warrior" of pro-growth policies to lead one of the world''s primary development lending institutions. David Malpass, a senior official in the Treasury Department, is a co

Published 07 Feb, 2019 12:00am

Trump nominates 'happy warrior' to lead WB

President Donald Trump on Wednesday tapped a World Bank critic described as a "happy warrior" of pro-growth policies to lead one of the world's primary development lending institutions. David Malpass, a senior official in the Treasury Department, is a con

Published 07 Feb, 2019 12:00am

Trump nominates 'happy warrior' to lead WB

President Donald Trump on Wednesday tapped a World Bank critic described as a "happy warrior" of pro-growth policies to lead one of the world's primary development lending institutions. David Malpass, a senior official in the Treasury Department, is a con

Published 07 Feb, 2019 12:00am

Offshore oil, gas exploration: Pakistan, Russia sign MoU

Pakistan and Russia signed a memorandum of understanding (MoU) to implement US $10 billion offshore gas pipeline agreement here at Petroleum Division on Wednesday. In this respect, Managing Director Inter State Gas Systems Pakistan, Mobin Saulat, and Vita

Published 07 Feb, 2019 12:00am

Offshore oil, gas exploration: Pakistan, Russia sign MoU

Pakistan and Russia signed a memorandum of understanding (MoU) to implement US $10 billion offshore gas pipeline agreement here at Petroleum Division on Wednesday. In this respect, Managing Director Inter State Gas Systems Pakistan, Mobin Saulat, and Vita

Published 07 Feb, 2019 12:00am

Offshore oil, gas exploration: Pakistan, Russia sign MoU

Pakistan and Russia signed a memorandum of understanding (MoU) to implement US $10 billion offshore gas pipeline agreement here at Petroleum Division on Wednesday. In this respect, Managing Director Inter State Gas Systems Pakistan, Mobin Saulat, and Vita

Published 07 Feb, 2019 12:00am

Book on Altaf Hasan Qureshi's contribution to journalism published

A 534 page book Altaf-e-Sahafat, compiled by Dr Tahir Masud highlighting contribution of trend setter journalist, editor, interviewer, thinker and fearless islamist intellectual and publisher. 87 year old Altaf Hasan Qureshi to journalism profession as an

Published 07 Feb, 2019 12:00am

Pakistan Cables wins 11th NFEH Corporate Social Responsibility Award 2017-2018

Pakistan Cables Ltd. was awarded the 11th NFEH CSR Award 2018 at the 11th Corporate Social Responsibility (CSR) Awards organized by the National Forum for Environment and Health (NFEH) at a local hotel, here. Honourable President of Pakistan, Arif Alvi, w

Published 07 Feb, 2019 12:00am

LNG contract award: NAB summons ex-PM Khaqan

National Accountability Bureau (NAB) has summoned former Prime Minister Shahid Khaqan Abbasi tomorrow (Friday) in connection with alleged corruption in liquefied natural gas (LNG) contract award. Sources said NAB Rawalpindi summoned Abbasi, who also remai

Published 07 Feb, 2019 12:00am

LNG contract award: NAB summons ex-PM Khaqan

National Accountability Bureau (NAB) has summoned former Prime Minister Shahid Khaqan Abbasi tomorrow (Friday) in connection with alleged corruption in liquefied natural gas (LNG) contract award. Sources said NAB Rawalpindi summoned Abbasi, who also remai

Published 07 Feb, 2019 12:00am

NAB arrests PTI's senior Punjab minister

In a major development, the National Accountability Bureau (NAB) arrested on Wednesday PTI Punjab's Senior Minister Abdul Aleem Khan for purportedly owning assets beyond known sources of income. Sources said Aleem was taken into custody after he appeared

Published 07 Feb, 2019 12:00am

NAB arrests PTI's senior Punjab minister

In a major development, the National Accountability Bureau (NAB) arrested on Wednesday PTI Punjab's Senior Minister Abdul Aleem Khan for purportedly owning assets beyond known sources of income. Sources said Aleem was taken into custody after he appeared

Published 07 Feb, 2019 12:00am

BRIndex100 drops 18.73 points

Pakistan Stock Exchange Wednesday ended on a negative note due to selling in various sectors.

Published 07 Feb, 2019 12:00am

BRIndex100 drops 18.73 points

Pakistan Stock Exchange Wednesday ended on a negative note due to selling in various sectors.

Published 07 Feb, 2019 12:00am

BRIndex100 drops 18.73 points

Pakistan Stock Exchange Wednesday ended on a negative note due to selling in various sectors.

Published 07 Feb, 2019 12:00am

Trump urges unity in State of the Union speech

President Donald Trump urged Americans to come together Tuesday in a State of the Union speech seeking to turn the page on two years of divisive turmoil and transform him into a bipartisan national leader. But opposition Democrats almost instantly rejecte

Published 07 Feb, 2019 12:00am

Trump urges unity in State of the Union speech

President Donald Trump urged Americans to come together Tuesday in a State of the Union speech seeking to turn the page on two years of divisive turmoil and transform him into a bipartisan national leader. But opposition Democrats almost instantly rejecte

Published 07 Feb, 2019 12:00am

First meeting of ninth NFC award begins: Provinces too will take part in IMF talks

A meeting of the National Finance Commission (NFC) has agreed to include the provinces in the process of dialogue with International Monetary Fund (IMF) for fiscal targets over the medium-term. The first meeting of the 9th NFC award, chaired by Finance Mi

Published 07 Feb, 2019 12:00am

The Weather

The weather report on Wednesday (February 06, 2019) and the forecast for Thursday (February 07, 2019).

Published 07 Feb, 2019 12:00am

First meeting of ninth NFC award begins: Provinces too will take part in IMF talks

A meeting of the National Finance Commission (NFC) has agreed to include the provinces in the process of dialogue with International Monetary Fund (IMF) for fiscal targets over the medium-term. The first meeting of the 9th NFC award, chaired by Finance Mi

Published 07 Feb, 2019 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (February 06, 2019).

Published 07 Feb, 2019 12:00am

First meeting of ninth NFC award begins: Provinces too will take part in IMF talks

A meeting of the National Finance Commission (NFC) has agreed to include the provinces in the process of dialogue with International Monetary Fund (IMF) for fiscal targets over the medium-term. The first meeting of the 9th NFC award, chaired by Finance Mi

Published 07 Feb, 2019 12:00am

LME official prices

The following were Tuesday official prices.

Published 07 Feb, 2019 12:00am

Don't exceed your mandates, SC tells ISI, IB, others

The Supreme Court has said that all the intelligence agencies, including Inter-Services Intelligence (ISI), Intelligence Bureau (IB) and Military Intelligence (MI), and the Inter-Services Public Relations (ISPR) must not exceed their respective mandates.

Published 07 Feb, 2019 12:00am

LME official prices

The following were Tuesday official prices.

Published 07 Feb, 2019 12:00am

Don't exceed your mandates, SC tells ISI, IB, others

The Supreme Court has said that all the intelligence agencies, including Inter-Services Intelligence (ISI), Intelligence Bureau (IB) and Military Intelligence (MI), and the Inter-Services Public Relations (ISPR) must not exceed their respective mandates.

Published 07 Feb, 2019 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (February 06, 2019).

Published 07 Feb, 2019 12:00am

Small Ivorian cocoa exporters seek relief on commitments

More small cocoa exporters in Ivory Coast were unable to fulfill their international contracts at the end of last year, and sources at the country's cocoa board told Reuters that this group asked to postpone 70 percent of October-to-December commitments d

Published 07 Feb, 2019 12:00am

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (February 06, 2019)

Published 07 Feb, 2019 12:00am

Tokyo rubber futures fall

The benchmark Tokyo Commodity Exchange (TOCOM) rubber contract for July delivery fell 0.4 yen, or 0.2 percent, to 178.7 yen ($1.63) per kg by 0105 GMT, weighed down by profit-taking after hitting a 1-1/2-week high earlier this week. TOCOM's technically sp

Published 07 Feb, 2019 12:00am

Lahore Paper Market Rates

Paper market rates in rupees on Wednesday (February 06, 2019).

Published 07 Feb, 2019 12:00am

Nickel soars to four-month high as miner Vale announces force majeure

Nickel hit its highest in more than four months on Wednesday on concerns that a force majeure by Brazil's Vale on some iron ore contracts could lead to restrictions in its nickel supply. Benchmark nickel on the London Metal Exchange (LME) ended 0.9 percen

Published 07 Feb, 2019 12:00am

Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Wednesday (February 06, 2019).

Published 07 Feb, 2019 12:00am

Oil rises 1 percent on signs of tightening global oil supply

Oil prices rose about 1 percent on Wednesday, boosted by signs of strong US demand for distillate products and tightening global crude supply, but gains were capped by a rising US dollar and ongoing concerns about a global economic slowdown.

Published 07 Feb, 2019 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (February 06, 2019).

Published 07 Feb, 2019 12:00am

US becomes Britain's top source for oil imports

Crude oil imports from the United States to Britain in January overtook supplies from other countries for the first time since such shipments began in 2015, data from energy analysts at Kpler showed. The United States lifted an oil export ban in 2015. Bri

Published 07 Feb, 2019 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (February 06, 2019).

Published 07 Feb, 2019 12:00am

Monsanto versus farmer battle goes into fourth judicial round

A 12-year-old judicial battle pitting a cereal farmer against Monsanto, the biotech giant, goes to a fourth round Wednesday before the French courts. Farmer Paul Francois won his initial case in 2012, and its appeal by Monsanto in 2015, after suing the US

Published 07 Feb, 2019 12:00am

Dollar's rate in interbank market

Interbank closing rates for dollar on Wednesday (February 06, 2019).

Published 07 Feb, 2019 12:00am

More than 16,000 migrants repatriated from Libya in 2018: IOM

More than 16,000 migrants returned home from conflict-wracked Libya in 2018 under a "voluntary return" programme run by the International Organization for Migration, the agency said Wednesday. "16,753 irregular migrants were able to return to their countr

Published 07 Feb, 2019 12:00am

Kerb

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Wednesday (February 06, 2019).

Published 07 Feb, 2019 12:00am

AFP extends its Facebook fact-checking into Arabic

Agence France-Presse is extending its fact-checking deal with Facebook to counter fake news in Arabic, it said Wednesday. The new contract means that AFP, one of the world's big three news agencies, will extend its worldwide network of fact-checkers - whi

Published 07 Feb, 2019 12:00am

Currency

THE RUPEE: rising trend

The rupee managed to gain slightly in terms of the dollar on the money market on Wednesday in the process of trading activity, dealers said.

Published 07 Feb, 2019 12:00am

Uganda shuts main independent news website

Uganda's communications regulator on Wednesday ordered the country's main independent newspaper the Daily Monitor to shut down its website. In a letter to the newspaper's managing director, the head of the Uganda Communications Commission (UCC), Godfrey M

Published 07 Feb, 2019 12:00am

Currency

THE RUPEE: rising trend

The rupee managed to gain slightly in terms of the dollar on the money market on Wednesday in the process of trading activity, dealers said.

Published 07 Feb, 2019 12:00am

Drought-stricken Aussie farmers now battered by floods

Australian ranchers who struggled to keep their cattle alive during a prolonged drought last year are now battling to save herds from record-breaking floods inundating the northeast of the country, officials said on Wednesday. Australia's military has bee

Published 07 Feb, 2019 12:00am

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Wednesday (February 06, 2019).

Published 07 Feb, 2019 12:00am

Macedonia takes major step on road to NATO membership

Macedonia moved a step closer to NATO membership on Wednesday, signing accession papers after resolving a long-running name row with Greece. NATO Secretary General Jens Stoltenberg said it was a "historic day" which will lead to Macedonia becoming the 30t

Published 07 Feb, 2019 12:00am

Cotton

Member to Member

The following transactions member to member subsequently reported on Wednesday (February 06, 2019).

Published 07 Feb, 2019 12:00am

Mutual Funds

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Wednesday (February 06, 2019)

Published 07 Feb, 2019 12:00am

Mutual Funds

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Wednesday (February 06, 2019)

Published 07 Feb, 2019 12:00am

Mutual Funds

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Wednesday (February 06, 2019)

Published 07 Feb, 2019 12:00am

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

National Clearing Company declares daily settlement information for local & foreign investors on Wednesday (February 06, 2019).

Published 07 Feb, 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 22	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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