News Archives for Print - 2019-02-12

Currency

Aussie, kiwi up

The Australian dollar inched up from six-week lows on Monday helped by a rally in prices for iron ore, the country's top export earner, while its New Zealand cousin consolidated after sharp losses recently. The Australian dollar added 0.2 percent to $0.71

Published 12 Feb, 2019 12:00am

Asian forex: Chinese yuan and Indonesian rupiah weaken the most

Most emerging Asian units started the week weaker against the dollar on Monday, as concerns over slackening world growth and a possible resurgence in US-China trade frictions kept investors on the sidelines. With the latest round of high-level talks betwe

Published 12 Feb, 2019 12:00am

Currency

Rand hits near three-week low

South Africa's rand fell to its weakest in almost three weeks on Monday as state electricity firm Eskom stepped up controlled power cuts because of a shortage of generating capacity. At 1456 PM, the rand was 1.12 percent weaker at 13.7675 per dollar, its

Published 12 Feb, 2019 12:00am

Currency

Sterling drops as UK economy slows sharply

Sterling weakened on Monday after data showed that Britain's economy last year grew at its slowest since 2012, with Brexit uncertainty hitting investment and the slowdown acccelerating at the end of 2018 The October-to-December quarterly numbers followed

Published 12 Feb, 2019 12:00am

Zinc hits two-week low on China-US trade worries

Zinc slumped to a two-week low on Monday falling along with other industrial metals as speculators sold in response to concerns about US-China trade talks and global growth.

Published 12 Feb, 2019 12:00am

Venezuela's PDVSA seeks to barter its oil with India

Venezuela is open to barter payment arrangements with India as it seeks workarounds to US sanctions imposed in late January, Venezuelan Oil Minister Manuel Quevedo said on Monday.

Published 12 Feb, 2019 12:00am

Cotton

Oil prices dip; slow progress in trade talks counters OPEC cuts

Oil prices edged lower on Monday as worries surrounding the resumption of US-China trade talks overshadowed support from OPEC-led supply restraint.

Published 12 Feb, 2019 12:00am

Brazil soya farmers say Bayer violating court ruling

Germany's Bayer AG is in violation of a Brazilian court order obliging it to deposit in escrow royalties paid by Mato Grosso state farmers for its Intacta RR2 Pro soya seed technology, farmers claimed on Friday.

Published 12 Feb, 2019 12:00am

Vegetable Oil

Malaysian palm falls over 1 percent

Malaysian palm oil futures fell over 1 percent to their lowest in nearly three weeks on Monday as traders turned bearish due to a weaker outlook for exports. The benchmark palm oil contract for April delivery on the Bursa Malaysia Derivatives Exchange fel

Published 12 Feb, 2019 12:00am

Suedzucker to close two German sugar factories

Suedzucker, Europe's largest sugar refiner, said on Thursday it plans to close two German sugar production plants as part of a restructuring programme announced.

Published 12 Feb, 2019 12:00am

Currency

Raw sugar lower, arabica coffee drops to five-week low

Raw sugar futures on ICE inched lower on Monday as market participants focused on a major industry conference in Dubai, while front-month arabica fell below $1 for the first time since early January.

Published 12 Feb, 2019 12:00am

Gold eases in Asia

Gold prices eased on Monday as uncertainties around U.S-China trade tensions made the dollar buoyant, taking sheen off the metal's safe-haven appeal even as investors were worried about a slowdown in global economic growth.

Published 12 Feb, 2019 12:00am

Gold down in Europe

Gold prices edged lower on Monday as investors preferred the safety of the dollar in the face of mounting concerns over the US-China trade dispute, and in turn, global growth.

Published 12 Feb, 2019 12:00am

Cotton

China ministry raises 2018-19 cotton output outlook

China's 2018/19 cotton output was seen at 6.04 million tonnes, up from a previous forecast of 5.94 million tonnes, the Ministry of Agriculture and Rural Affairs said in its monthly crop report released on Monday.

Published 12 Feb, 2019 12:00am

US MIDDAY: gold slips

Gold prices edged lower on Monday as investors preferred the safety of the dollar in the face of mounting concerns that the US-China trade dispute could slow global growth.

Published 12 Feb, 2019 12:00am

New HC to Canada: Bashir Tarar assumes Responsibilities

Raza Bashir Tarar has assumed the responsibilities of new High Commissioner of Pakistan to Canada. Bashir Tarar joined Foreign Service of Pakistan in 1987.

Published 12 Feb, 2019 12:00am

PML-N demands Imran to apologise for taking U-turns

The Pakistan Muslim League-Nawaz (PML-N) has asked Prime Minister Imran Khan to apologize to the nation for taking U-turns. Reacting to the PTI government approaching the International Monetary Fund (IMF) for a bailout package, PML-N spokesperson Marriyum

Published 12 Feb, 2019 12:00am

Mutual Funds

Hinopak Motors Limited

HINO) is a popular name in the commercial vehicle segment of the automotive industry and a market leader in light and heavy commercial vehicles assembling buses, trucks, prime movers and special purpose vehicles. The latter is used for hauling a variety o

Updated 13 Feb, 2019 05:53am

Mutual Funds

Hinopak Motors Limited

HINO) is a popular name in the commercial vehicle segment of the automotive industry and a market leader in light and heavy commercial vehicles assembling buses, trucks, prime movers and special purpose vehicles. The latter is used for hauling a variety o

Published 12 Feb, 2019 12:00am

HEC chief for legal framework to improve industry-academia link

The Higher Education Commission (HEC) is facing several challenges, including lack of industry-academia linkages, admitted Chairman HEC Dr Tariq Banuri. "There is dire need for legal framework to improve industry-academia linkages," said Dr Banuri while b

Published 12 Feb, 2019 12:00am

Cotton

PTEA wants early payment of incentives under textile policies

Pakistan Textile Exporters Association (PTEA) has stressed for payment of incentives under textile policies 2009-14 & 2014-19 with release of supplementary grant or through promissory notes as a major portion of working capital had been blocked in this re

Published 12 Feb, 2019 12:00am

Smart metering project designed to facilitate foreign bidders

The qualification criteria laid down for $1 billion Asian Development Bank-funded smart metering project has been designed to facilitate foreign bidders and striking out constitutional rights of local industry as it is a sheer violation of Statutory Regul

Published 12 Feb, 2019 12:00am

Rich tribute paid to Asma Jahangir

The Lahore High Court Bar Association on Monday paid a rich tribute to senior lawyer and human rights activist Asma Jahangir on her first death anniversary. The participants addressing the ceremony resolved to carry on struggle of Asma for the rule of law

Published 12 Feb, 2019 12:00am

LCCI wants CCI's joint proposals to be part of budget document

The government is already doing well for economic revival of the country and if it makes joint proposals of the chambers of commerce and industry (CCI) a part of its upcoming budget document, the country would definitely gain the momentum of growth.

Published 12 Feb, 2019 12:00am

Punjab government agrees on name of Hamza as PAC chairman

The Punjab government on Monday agreed on the name of Leader of Opposition in the Punjab Assembly and Pakistan Muslim League-Nawaz (PML-N) leader Hamza Shahbaz as the Chairman of Public Accounts Committee (PAC). In this connection, Punjab Law Minister Raj

Published 12 Feb, 2019 12:00am

Hamza allowed another 14 days to stay in London

The Lahore High Court on Monday allowed another 14 days to leader of Opposition in Punjab Assembly Hamza Shahbaz to stay in London to take care of his newborn daughter. Previously, the court had granted permission to Hamza to visit his wife in London for

Published 12 Feb, 2019 12:00am

NAB's plea seeking transfer of Shahbaz's bail petition rejected

Lahore High Court Chief Justice Sardar Muhammad Shamim Khan on Monday dismissed an application of the National Accountability Bureau (NAB) seeking transfer of bail petition of Leader of Opposition in National Assembly Shahbaz Sharif from a bench presently

Published 12 Feb, 2019 12:00am

Currency

Auto dealers fear further decline in sales

The auto-sector players feared 5-percent decline in the overall sales of automobiles for January-2019 to 22,448 units due to non-issuance of notification regarding withdrawal of restriction imposed on non-filers for purchase of new vehicles.

Published 12 Feb, 2019 12:00am

Ayatullah Arafi meets JI chief

The Chairman of the Iranian educational institutions Ayatullah Ali Raza Arafi, called on the Ameer, Jamaat-e-Islami, , Senator Sirajul Haq, at Mansoora on Monday and discussed with him the situation of the Muslim world including Pak- Iran relations. The n

Published 12 Feb, 2019 12:00am

Partly Facetious: 'Don't miss the boat'

"Miss the boat hunh! It's a maritime expression or so I would assume and for someone who was brought up in Lahore and not Karachi it perhaps reflects The Khan's intent to focus on Karachi as the engine of growth - I mean aren't most of his advisors from K

Published 12 Feb, 2019 12:00am

AkzoNobel's Dulux introduces 'spiced honey'

Spiced Honey has been unveiled by AkzoNobel's Dulux brand as the colour of the Year for 2019, following expert research into global trends, insights and consumer behaviours. Taking inspiration from Honey itself, Colour of the Year 2019 has a warm amber to

Published 12 Feb, 2019 12:00am

Government introducing economic reforms: governor

Punjab governor Chaudhry Mohammad Sarwar Monday said the government is introducing economic reforms aimed at ensuring national progress and prosperity. "We will set examples of good governance and transparency," the governor said while talking to a delega

Published 12 Feb, 2019 12:00am

SLIC committed to provide higher benefits to policy holders

State Life Insurance Corporation (SLIC) of Pakistan, the premier and only AAA-rated Insurance company of Pakistan is committed to provide higher benefits to its policy holders and to its genuine and dedicated officers and staff.

Published 12 Feb, 2019 12:00am

PPP demands details of negotiations with IMF

Pakistan Peoples Party (PPP) on Monday criticised the government's lack of transparency and chronic indecision over its negotiations with International Monetary Fund (IMF) for a bailout package and urged the government to present details of loans agreemen

Published 12 Feb, 2019 12:00am

KP's first art gallery to be set up in Peshawar

KP government has allocated Rs 200 million for the construction of the first-ever art gallery of the province within the premises of Nishtar Hall in the city. In this regard meeting was held at Directorate of Culture presided by Senior Minister Muhammad A

Published 12 Feb, 2019 12:00am

Zong 4G joins hands with Ericsson to expand network

Pakistan's No 1 Data Network, Zong 4G has announced that it has entered a strategic partnership with Ericsson to expand its network in Sindh and Balochistan. The collaboration will see the deployment of multiple capacity microwave links on existing Zong c

Published 12 Feb, 2019 12:00am

SECP registers 1,317 new companies in January

In January, the SECP registered 1,317 new companies. As compared to the corresponding month of last financial year, it represents a growth of 9 percent, raising the number of registered companies to over 95,000. The massive increase is the result of the S

Published 12 Feb, 2019 12:00am

Chinese Lunar New Year celebrations at NUST

As part of the Chinese Lunar New Year celebrations, a China Photo Exhibition was held at National University of Sciences & Technology (NUST) here on Monday. The photos depicted China's great progress over the past four decades of reforms and Open Door Pol

Published 12 Feb, 2019 12:00am

Domestic violence against women bill tabled in KP Assembly

The Khyber Pakhtunkhwa Domestic Violence against Women (Prevention and Protection) Bill 2019 was tabled in provincial assembly on Monday to protect women from sexual abuse, psychological abuse and economic abuse and stalking and other connected matters.

Published 12 Feb, 2019 12:00am

RTO Peshawar expedites tax recovery drive

On the directives of the Chief Commissioner in Land Revenue, Regional Tax Officer (RTO) Peshawar, Qaiser Iqbal has expedited tax recovery drive and all legal means are being utilized for the recovery of the tax arrears.

Published 12 Feb, 2019 12:00am

Naeem Khan assumes charge as KP IGP

Dr Mohammad Naeem Khan has assumed charge as Inspector General of Police (IGP) Khyber Pakhtunkhwa in a ceremony held at Central Police Office Peshawar here on Monday. On arrival to the Police Headquarters a smart contingent of police presented guard of ho

Published 12 Feb, 2019 12:00am

Tobacco advertisement: New laws likely to be proposed today

Ministry of National Health Services, Regulations and Coordination has decided to convene a meeting of committee on tobacco advertisement guidelines here today (February 12, 2019) in which new laws are expected to be proposed to control promotion of cigar

Published 12 Feb, 2019 12:00am

PIMS revamped to improve health facilities: minister

In line with vision of the incumbent Government for improving health services Pakistan Institute of Medical Sciences is continually improving its services and infrastructure.

Published 12 Feb, 2019 12:00am

Murad informs Sindh Assembly: Police department also accomplice in Ranjhani's murder

Chief Minister Sindh, Syed Murad Ali Shah on Monday told the provincial assembly that police department is also accomplice in the murder of Irshad Ranjhani, saying that there is no one above the law, as culprits behind the killing have to face justice.

Published 12 Feb, 2019 12:00am

Rain, snowfall predicted in upper parts of country

The Meteorological department said on Monday afternoon that a fresh westerly wave is expected to enter western parts of the country today evening/night and likely to persist upper parts till Friday. Weather Forecast for Monday (Night): Mainly cold and dry

Published 12 Feb, 2019 12:00am

Buzdar unhappy over kite-flying incident

Expressing his strong displeasure over the incidents of kite-flying in Faisalabad, the Punjab chief minister Sardar Usman Buzdar has sought reports from Commissioner and RPO Faisalabad in this regard. He has also expressed a deep sense of sorrow over the

Published 12 Feb, 2019 12:00am

Traders dismay: KMC given ultimatum to raze police-squatted structures

An alliance of city traders warned Karachi Metropolitan Corporation (KMC) they would reconstruct demolished shops if the latter failed to take action within 15 days against a number of structures illegally built by the government departments at various ci

Published 12 Feb, 2019 12:00am

PFA seals sweets, spice restaurant on motorway

The Punjab Food Authority (PFA) conducted a crackdown against unhygienic food points located at Motorway Service Areas.

Published 12 Feb, 2019 12:00am

Teachers urged to prepare students for tomorrow

"Teachers as Facilitators," a 4-day capacity building workshop, is being held under the aegis of School of Leadership (SoL) with the theme 'Ignite the Light.'

Published 12 Feb, 2019 12:00am

Super bug typhoid: CS takes notice of media reports

Chief Secretary Sindh Syed Mumtaz Ali Shah has taken notice of media reports regarding spreading of super bug typhoid in the province. The chief secretary issued directives to the secretary health Saeed Ahmed Awan for submitting detailed report in this re

Published 12 Feb, 2019 12:00am

International moot on petroleum sector: Need to revisit Petroleum Policy 2012 stressed

Oil and gas exploration companies have stressed the need for bringing amendments to the Petroleum Policy 2012 and restricting the oil and gas regulator to take timely decisions.

Published 12 Feb, 2019 12:00am

'Sehat Sahulat Cards' will be distributed from February 22: minister

Punjab Minister for Health Dr Yasmeen Rashid has said that issuance of "Sehat Sahulat Cards" will be started from 22nd February. Thirty million people of 2.7 million families will benefit from Sehat Sahulat Cards having individual worth of 0.72 million ru

Published 12 Feb, 2019 12:00am

Ranjhani murder: Police arrest UC chairman Rahim Shah

Police Monday arrested chairman union council (UC) Bhains Colony (Landhi Cattle Colony), Abdul Rahim Shah, in Irshad Ranjhani murder case.

Published 12 Feb, 2019 12:00am

Sindh industries: government urged to ensure smooth gas supply

Zahid Mazhar, Chairman All Pakistan Textile Mills Association (APTMA) Sindh-Balochistan Region Monday urged the federal government to supply uninterrupted gas to the industries of the province and divert the same to other provinces only after meeting the

Published 12 Feb, 2019 12:00am

July-January: remittances increase 12.22 percent to $12.774 billion

Remittances witnessed a healthy growth of 12.22 percent (YoY) in first seven months of this fiscal year (FY19). Overseas Pakistani workers remitted $12.774 billion in July-January of FY19 as compared with $11.383 billion received during the same period in

Published 12 Feb, 2019 12:00am

President visits CPLC Sindh

President Dr Arif Alvi visited CPLC Sindh at Governor's House on Monday. He was accompanied by Governor Sindh Imran Ismail, Najaf Quli Mirza, Addl Director General FIA. They were welcomed on their arrival by the Chief CPLC Sindh and senior members of CPLC

Published 12 Feb, 2019 12:00am

KU team wins all Pakistan bilingual declamation contest

The speakers from University of Karachi again won the team trophy at the All Pakistan Bilingual Declamation Contest organised by DHACSS College for Women, the Students Adviser Office of Karachi University announced on Monday.

Published 12 Feb, 2019 12:00am

Kamran Michael to be produced before AC today

Former federal minister for ports and shipping Kamran Michael will be produced before Accountability Court, Karachi on Tuesday (today). According to details, National Accountability Bureau (NAB) Lahore had transferred Pakistan Muslim League Nawaz (PML-N)

Published 12 Feb, 2019 12:00am

Conference cum expo kicks off at PCSIR Complex

Three day conference cum expo organized by Ministry of Science and Technology, under the directives of "Senate Standing Committee on Science and Technology" kicked off on Monday at PCSIR Laboratories Complex, Lahore on "Higher Education in Science and Tec

Published 12 Feb, 2019 12:00am

Gorano pond beneficial for rearing farm fish: IUCN

The Gorano pond is a unique newly created wetland as it has attracted birds and also proved beneficial for rearing various kinds of farm fish in addition to providing ecotourism opportunities in the area, observes International Union for Conservation of N

Published 12 Feb, 2019 12:00am

SHC allows family of Uzair Baloch to meet him

A bench of Sindh High Court (SHC) on Monday directed the federal government to allow the family of Uzair Baloch to meet him. The bench comprises of Justice Aftab Ahmed Gorar told the government to allow the family to meet Baloch for at least half to one-h

Published 12 Feb, 2019 12:00am

CSR initiative: Oil & gas companies provided over Rs five billion to Sindh government, SHC told

Oil & gas companies provided more than Rs5 billion to provincial government as part of corporate social responsibility for carrying out the development works in the last six years, the Petroleum Ministry informed Sindh High Court (SHC) here Monday.

Published 12 Feb, 2019 12:00am

CSR initiative: Oil & gas companies provided over Rs five billion to Sindh government, SHC told

Oil & gas companies provided more than Rs5 billion to provincial government as part of corporate social responsibility for carrying out the development works in the last six years, the Petroleum Ministry informed Sindh High Court (SHC) here Monday.

Published 12 Feb, 2019 12:00am

SLICP clarifies

It is clarified that transfers and postings in State Life Insurance Corporation of Pakistan are made with the approval of the competent authority keeping in view the performance of Banc assurance officers working at Lahore and KPK.

Published 12 Feb, 2019 12:00am

CM for Sindh doctors' salary on par with Punjab's

Sindh Chief Minister Syed Murad Ali Shah on Monday decided to give salary package to the government doctors on par with the Punjab government doctors' salaries. He directed Chief Secretary Mumtaz Ali Shah to finalise the needed work and then take up the m

Published 12 Feb, 2019 12:00am

Cabinet expansion: PML-Q successfully 'blackmailed' government: analysts

Inclusion of Ch Monis Elahi, scion of the Speaker Punjab Assembly in the federal cabinet, may give an impression of being " blackmailed" by PML(Q), prompting the Imran Khan-led administration to put expansion in the federal cabinet "on ice" for the time b

Published 12 Feb, 2019 12:00am

Pakistan, UAE resolve to further expand bilateral ties

The leadership of Pakistan and the United Arab Emirates Sunday while reviewing progress on transforming special bilateral ties into a long term strategic economic partnership, reiterated their commitment to further expand and diversify the relations.

Published 12 Feb, 2019 12:00am

Judgement on Awan's acquittal plea reserved

The Accountability Court hearing a corruption reference against former Prime Minister Raja Pervaiz Ashraf and former Law Minister Zaheer-ud-Din Babar Awan with respect to delay in the Nandipur Power Project Monday reserved its judgement on Awan's acquitta

Published 12 Feb, 2019 12:00am

Bail on medical grounds: IHC to hear Nawaz's new plea today

The Islamabad High Court (IHC) on Monday issued notices to National Accountability Bureau (NAB) and former Prime Minister Nawaz Sharif after the latter withdrew the plea seeking bail and suspension of his sentence in Al-Azizia reference.

Published 12 Feb, 2019 12:00am

PSDP 2018-19: government releases Rs 310.3 billion for uplift projects

The Pakistan Tehreek-e-Insaf (PTI) government has released Rs 310.3 billion (46 percent) including Rs 121.5 billion foreign aid for different development projects under the Public Sector Development Programme (PSDP) 2018-19 against the total budgeted allo

Published 12 Feb, 2019 12:00am

Training should be carried out in judicial academies: CJP

Chief Justice Asif Saeed Khan Khosa has emphasised that training of the investigation officers and prosecutors should be carried out in the judicial academies across the country to improve the investigation standards.

Published 12 Feb, 2019 12:00am

Advisory Council meets: Pakistan supports negotiated political settlement for peace in Afghanistan: Qureshi

Foreign Minister Shah Mahmood Qureshi has said that Pakistan has always supported a negotiated political settlement of the Afghan conflict for restoration of peace and stability instead of use of power in the war-torn Afghanistan.

Published 12 Feb, 2019 12:00am

Geo-strategic situation pose new challenges to region: Khattak

The three-day International Maritime Conference organized on the theme of 'Global Geopolitics in Transition: Rethinking Maritime Dynamics in the Indian Ocean Region' concluded at Karachi. The Conference was conducted by National Institute of Maritime Affa

Published 12 Feb, 2019 12:00am

Huge quantity of smuggled LEDs, tyres confiscated

Model Customs Collectorate (MCC), Preventive on Monday claimed to have confiscated substantial quantity of smuggled LEDs and tyres from Saddar area. According to details, credible information was received, which revealed the presence of substantial quanti

Published 12 Feb, 2019 12:00am

CS for data collection of surface water used by hotels, industry

Chief Secretary Sindh, Syed Mumtaz Ali Shah has directed Secretary Industries to collect the data of utilisation of surface water by the 3, 4 and 5 star hotels and big and small industrial units in the province.

Published 12 Feb, 2019 12:00am

Currency

PBCs: a suggestion

The attraction of proposed Pakistan Banao Certificates (PBCs) can be greatly enhanced by adding a simple feature to these instruments. SBP should permit all banks operating in Pakistan to accept these certificates as a collateral for extending facilities

Published 12 Feb, 2019 12:00am

With Iran squeezed out, US oil takes on new rivals in Europe

When the global oil trading industry gathered for its biggest annual meeting in Asia in September last year, US oil producing companies came well prepared.

Published 12 Feb, 2019 12:00am

Solution for PSM conundrum

"Steel mills [Pakistan Steel Mills (PSM)] is a venture which can be stated as harbinger of progress, agent and multiplier of development in its own right, sine qua non for move on the road to multi-facet emancipation".

Published 12 Feb, 2019 12:00am

Public expenditure priorities

The level of expenditure of the federal and provincial governments combined has been rising continuously. It was at 17 percent of the GDP at the turn of the century. Seventeen years later, in 2017-18, it has approached 22 percent of the GDP.

Published 12 Feb, 2019 12:00am

Middle class constituency

Speaking at a book launch in Islamabad on February 8, 2019, Federal Minister for Information Fawad Chaudhry rued the fact that the Pakistan Tehreek-i-Insaaf (PTI) government had not been able to provide immediate economic relief to its middle class consti

Updated 11 Mar, 2019 07:55am

PM-IMF chief meeting

The tenor of Prime Minister Imran Khan's meeting with International Monetary Fund (IMF) Managing Director (MD) Christine Lagarde on the sidelines of the 7th edition of World Government Summit held in Dubai is markedly different between the Prime Minister'

Updated 11 Mar, 2019 07:40am

'Priyanka magic' draws thousands at debut rally in India

India's powerful Nehru-Gandhi dynasty on Monday unleashed its newest star with thousands turning out to see Priyanka Gandhi Vadra speak at her first rally as the country gears up for a general election. Crowds showered rose petals on the great-granddaught

Published 12 Feb, 2019 12:00am

'Priyanka magic' draws thousands at debut rally in India

India's powerful Nehru-Gandhi dynasty on Monday unleashed its newest star with thousands turning out to see Priyanka Gandhi Vadra speak at her first rally as the country gears up for a general election. Crowds showered rose petals on the great-granddaught

Published 12 Feb, 2019 12:00am

SNGPL suspends supply to fertilizer, CNG, non zero-rated industry

Gas supply to fertilizer, CNG and non zero rated industry has been suspended by the Sui Northern Gas Pipelines Ltd (SNGPL) due to the non berthing of Pakistan State Oil Cargo on Monday. According to the spokesperson of the SNGPL in view of non-berthing of

Published 12 Feb, 2019 12:00am

SNGPL suspends supply to fertilizer, CNG, non zero-rated industry

Gas supply to fertilizer, CNG and non zero rated industry has been suspended by the Sui Northern Gas Pipelines Ltd (SNGPL) due to the non berthing of Pakistan State Oil Cargo on Monday. According to the spokesperson of the SNGPL in view of non-berthing of

Published 12 Feb, 2019 12:00am

SNGPL suspends supply to fertilizer, CNG, non zero-rated industry

Gas supply to fertilizer, CNG and non zero rated industry has been suspended by the Sui Northern Gas Pipelines Ltd (SNGPL) due to the non berthing of Pakistan State Oil Cargo on Monday. According to the spokesperson of the SNGPL in view of non-berthing of

Published 12 Feb, 2019 12:00am

Property, tobacco, retail sectors: TRC panel decides to improve taxation system

The high-powered committee of the Tax Reforms Commission under the chairmanship of Minister of State for Revenue, Muhammad Hammad Azhar Monday decided to improve the system for accurate valuation of immovable properties, expedite process of track and trac

Published 12 Feb, 2019 12:00am

Property, tobacco, retail sectors: TRC panel decides to improve taxation system

The high-powered committee of the Tax Reforms Commission under the chairmanship of Minister of State for Revenue, Muhammad Hammad Azhar Monday decided to improve the system for accurate valuation of immovable properties, expedite process of track and trac

Published 12 Feb, 2019 12:00am

Property, tobacco, retail sectors: TRC panel decides to improve taxation system

The high-powered committee of the Tax Reforms Commission under the chairmanship of Minister of State for Revenue, Muhammad Hammad Azhar Monday decided to improve the system for accurate valuation of immovable properties, expedite process of track and trac

Published 12 Feb, 2019 12:00am

Opec isn''t a cartel, doesn''t fix oil prices: Barkindo

Opec Secretary-General Mohammad Barkindo said the exporting group was not in the business of fixing oil prices, when asked on Monday to comment on a US House committee passing a bill targeting Opec oil supply cuts.

Published 12 Feb, 2019 12:00am

Opec isn't a cartel, doesn't fix oil prices: Barkindo

Opec Secretary-General Mohammad Barkindo said the exporting group was not in the business of fixing oil prices, when asked on Monday to comment on a US House committee passing a bill targeting Opec oil supply cuts.

Published 12 Feb, 2019 12:00am

Opec isn't a cartel, doesn't fix oil prices: Barkindo

Opec Secretary-General Mohammad Barkindo said the exporting group was not in the business of fixing oil prices, when asked on Monday to comment on a US House committee passing a bill targeting Opec oil supply cuts.

Published 12 Feb, 2019 12:00am

July-January exports up 2.24 percent YoY

Exports during July-January 2018-19 witnessed an increase of 2.24 percent from $12.94 billion to $13.2 billion as compared to July-January 2017-18, said Pakistan Bureau of Statistic (PBS). The PSB data on the country''s exports, imports and trade balance

Published 12 Feb, 2019 12:00am

July-January exports up 2.24 percent YoY

Exports during July-January 2018-19 witnessed an increase of 2.24 percent from $12.94 billion to $13.2 billion as compared to July-January 2017-18, said Pakistan Bureau of Statistic (PBS). The PSB data on the country's exports, imports and trade balance r

Published 12 Feb, 2019 12:00am

July-January exports up 2.24 percent YoY

Exports during July-January 2018-19 witnessed an increase of 2.24 percent from $12.94 billion to $13.2 billion as compared to July-January 2017-18, said Pakistan Bureau of Statistic (PBS). The PSB data on the country's exports, imports and trade balance r

Published 12 Feb, 2019 12:00am

Contemptuous letters: Errant private schools may be nationalised: SC

The Supreme Court Monday said if private schools will not comply with its order regarding reduction of 20 percent fee, it will ask the government to take control of these schools. A three-member bench headed by Justice Gulzar Ahmed was hearing contempt of

Published 12 Feb, 2019 12:00am

Contemptuous letters: Errant private schools may be nationalised: SC

The Supreme Court Monday said if private schools will not comply with its order regarding reduction of 20 percent fee, it will ask the government to take control of these schools. A three-member bench headed by Justice Gulzar Ahmed was hearing contempt of

Published 12 Feb, 2019 12:00am

Hariri repents his role in NRO?

Information Minister Fawad Chaudhry has claimed that Prime Minister of Lebanon Saad El-Din Rafik Al-Hariri is of the view that seeking National Reconciliation Ordinance (NRO) for the Sharif family was his big mistake. The minister in his tweet claimed on

Published 12 Feb, 2019 12:00am

Hariri repents his role in NRO?

Information Minister Fawad Chaudhry has claimed that Prime Minister of Lebanon Saad El-Din Rafik Al-Hariri is of the view that seeking National Reconciliation Ordinance (NRO) for the Sharif family was his big mistake. The minister in his tweet claimed on

Published 12 Feb, 2019 12:00am

Asghar Khan case: Ministry of defence given four weeks to file inquiry report

The Ministry of Defence was given four weeks on Monday to file a report regarding investigation against army officers allegedly involved in the distribution of funds among politicians during the 1990 general elections. The apex court on last hearing of ca

Published 12 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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