News Archives for Print - 2019-02-21

OPPO, Ericsson sign patent licence agreement

OPPO and Ericsson on Wednesday announced the signing of a multi-year global patent license agreement between the two companies. The agreement covers patent licensing, and collaboration on a number of business projects. Adler Feng, Head of OPPO Intellectua

Published 21 Feb, 2019 12:00am

Punjab government approves literacy policy: minister

Provincial Minister for Literacy and Non-Formal Education, Raja Rashid Hafeez has said that the Punjab government has approved the Literacy Policy by which effective and fruitful results are likely to be achieved through educating the illiterate.

Published 21 Feb, 2019 12:00am

Centre to allocate Rs 30 billion for S&T: Dr Atta

"To foster innovation, entrepreneurship and knowledge-driven economy, the federal government will allocate around Rs 30 billion for various programmes and projects in the fields of science and technology." Dr Atta-ur-Rahman, Vice-Chairman of the task forc

Published 21 Feb, 2019 12:00am

Mansha urges government to portray country's soft image abroad

Chairman Nishat Group and leading businessman of the country Mian Muhammad Mansha said on Wednesday that jobs creation in the country is possible only if we portray a positive image of the country at international level and let the businessmen work. Mansh

Published 21 Feb, 2019 12:00am

PPDWP okays Rs 11.5 billion for promoting SMEs

Punjab Provincial Development Working Party (PPDWP) has approved three new programmes at the cost of Rs 11.5 billion for the promotion /development of Small and Medium Enterprises (SMEs) in the province. These programmes are: 1. Progressing Punjab by Entr

Published 21 Feb, 2019 12:00am

Imported food items' labels must be in Urdu & English

Ministry of Commerce & Textile amending the import policy has made it compulsory on the importers that the consumer packaging of the imported food items should have label printed both in Urdu & English languages giving details of the product including nut

Published 21 Feb, 2019 12:00am

SLIC employees, policy-holders concerned at sell-off plan

The announcement of privatisation of State Life Insurance Corporation (SLIC) of Pakistan by 31st March has become a serious cause of concern for its over 200,000 employees and 10 million policy-holders. An advertisement for hiring of consultants for priva

Published 21 Feb, 2019 12:00am

Sasti Roti Scheme: Minister asked to present audit report of Rs 13.374 billion subsidy

Speaker Punjab Assembly on Wednesday directed the Food minister to present the audit report of subsidy of Rs 13.374 billion on wheat in Sasti Roti Scheme introduced by the PML-N government in the next session of Assembly. The Speaker gave these directions

Published 21 Feb, 2019 12:00am

Budget 2019-20: LCCI presents set of joint proposals to finance minister

The Lahore Chamber of Commerce and Industry (LCCI) President Almas Hyder on Wednesday presented a set of proposals to Federal Finance Minister Asad Umer for the Federal Budget 2019-20 from all chambers of commerce & industry.

Published 21 Feb, 2019 12:00am

PPP Punjab slams Sindh Assembly Speaker's arrest

Pakistan Peoples Party (PPP) Punjab Secretary General Ch Manzoor Ahmed has condemned the arrest of Speaker Sindh Assembly by the National Accountability Bureau (NAB). He said the arrest of Siraj Durrani is not a simple matter but a continuity of mutilatin

Published 21 Feb, 2019 12:00am

Partly Facetious : Modi deserves praise?

"I would like to thank Narendra Modi from the bottom of my heart and..."

Published 21 Feb, 2019 12:00am

NUML, IBA Sukkur sign MoU

National University of Modern Languages (NUML) and Institute of Business Administration (IBA), Sukkur, signed a memorandum of understanding (MoU) to cooperate in the area of research and development activities.

Published 21 Feb, 2019 12:00am

SC removes objections on petition seeking setting up of LHC additional benches

The Supreme Court removed the objections of SC Registrar Office on a petition seeking setting up of Lahore High Court additional benches in Faisalabad, Gujranwala, Dera Ghazi Khan, Sargodha and Sahiwal divisions.

Published 21 Feb, 2019 12:00am

Sindh Business Registration Portal launched

The Sindh Business Registration Portal (SBRP) has been launched as an online regulatory approvals and inspection interface. The Portal would ensure businesses registration swiftly by providing access to a slew of online services, cutting down the cost, ti

Published 21 Feb, 2019 12:00am

Pulwama attack: PM's policy statement reflects national sentiments: CM

Terming the policy statement of the Prime Minister Imran Khan, after Indian propaganda blitz in the wake of Pulwama attack, as true reflection of national sentiments, Punjab Chief Minister Sardar Usman Buzdar on Wednesday said the PM Imran Khan has presen

Published 21 Feb, 2019 12:00am

Afghan government criticises Pakistan envoy's comments

Afghanistan's Foreign Ministry summoned the Pakistani ambassador on Wednesday over his remarks that Afghan peace talks could be affected if India resorted to violence after last week's attack on Indian paramilitary police in Kashmir.

Published 21 Feb, 2019 12:00am

Government gets offers in tender to export 250,000 tonnes of wheat

A tender to sell and export 100,000 tonnes of wheat from a state agency in Pakistan attracted purchase offers equating to around $250 a tonne FOB, European traders said on Wednesday. The tender from the Punjab regional government is part of a new programm

Published 21 Feb, 2019 12:00am

SECP delegates adjudication powers

Securities and Exchange Commission of Pakistan (SECP) has delegated adjudication powers to the Commissioner (Securities Market Division, Supervision and Enforcement Department of Specialised Companies Division and International Relations Department).

Published 21 Feb, 2019 12:00am

Non-release of funds to KMC hospitals: SHC orders finance department to submit reply

Sindh High Court (SHC) on Wednesday ordered Sindh Finance Department to submit its reply in a petition related to non-release of funds to hospitals falls in the jurisdiction of Karachi Municipal Corporation (KMC). A division bench of the SHC issued these

Published 21 Feb, 2019 12:00am

IHC reserves verdict on Nawaz's plea

The Islamabad High Court (IHC) on Wednesday reserved its verdict on former Premier Nawaz Sharif's plea, seeking suspension of his sentence in the Al-Azizia reference on medical grounds. Sharif was convicted in the Al-Azizia reference by an accountability

Published 21 Feb, 2019 12:00am

'President assures government's support to expedite economic growth'

Senior Vice President SAARC Chamber of Commerce and Industry Iftikhar Ali Malik on Wednesday said that President Dr Arif Alvi has assured that the government is fully committed to expediting the economic growth and export-oriented prudent policies by util

Published 21 Feb, 2019 12:00am

ADB, BoI hold stakeholder consultation on SEZs development

The Asian Development Bank (ADB) and Board of Investment (BoI) jointly organised a stakeholder consultation on special economic zones (SEZs) development in Pakistan. The consultation workshop held with the support of United Kingdom's Department for Intern

Published 21 Feb, 2019 12:00am

Nepra approves Rs 1.8 per unit raise for Discos' consumers

National Electric Power Regulatory Authority (Nepra) on Wednesday put additional financial burden of over Rs 13 billion on Discos' consumers by approving an increase of Rs 1.80 per unit in tariff for January 2019 under monthly fuel price adjustment mechan

Published 21 Feb, 2019 12:00am

Trading comes to a halt at Wagha border

Trading activity through Wagha border has been come to a halt due to suspension of trade by India with Pakistan while withdrawing the Most Favoured Nation (MFN) status to Pakistan in the wake of Pulwama attack. Sources from among the trading community sai

Published 21 Feb, 2019 12:00am

Ex-NBP president's plea rejected

The Accountability Court Wednesday rejected former President National Bank of Pakistan (NBP) Saeed Ahmed's plea seeking acquittal in a corruption reference filed against former Finance Minister Muhammad Ishaq Dar wherein he is one of the co-accused.

Published 21 Feb, 2019 12:00am

Commerce Division makes mandatory to print 'Halal' on products

Commerce Division has made mandatory to print the word "Halal" on products. In this regard Commerce Division has issued an SRO. The SRO 237 (1)/2019 says that in exercise of the powers conferred by sub-section (I) of Section 3 of the Imports and Exports (

Published 21 Feb, 2019 12:00am

SC directs Sindh government to submit report on forest land's retrieval

The Supreme Court on Wednesday directed the Sindh government to submit comprehensive report on the retrieval of forest land supported by the maps. Justice Sheikh Azmat Saeed, who was heading a three-judge bench, said that after receiving the report they s

Published 21 Feb, 2019 12:00am

Parliamentary panel proposes restoration of Hajj subsidy

A parliamentary panel on Wednesday proposed the government to restore the Hajj subsidy or exempt pilgrims from taxes, as huge increase of 56 percent in the Hajj expenditure 2019 is not acceptable to the poor pilgrims. The Ministry of Religious Affairs and

Published 21 Feb, 2019 12:00am

July-December budget deficit exceeds Rs one trillion

The budget deficit has increased to 2.7 percent of the GDP (or Rs 1,030 billion) during the first six months of current fiscal year (July-December 2018) in spite of Rs 248 billion surplus created by the provinces, according to the Finance Ministry.

Published 21 Feb, 2019 12:00am

SICPA Pakistan wins NFEH Award

SICPA Pakistan has won the NFEH Award for the third consecutive year in the 'Best Practices' category. The Award was given by the National Forum for Environment & Health's 11th Annual CSR Summit 2019.

Published 21 Feb, 2019 12:00am

ISO HR standards global meeting starts in Milan

ISO HR standards global meeting starts in Milan on 18 Feb. It will be attended by HR delegates from 50 countries. ISO is an association of 162 countries and Technical Committee 260 deals with HR standards development. In 2011, ISO formed TC 260 comprising

Published 21 Feb, 2019 12:00am

KE, NIP sign MoU to build grid station at BQIP

K-Electric (KE) and National Industrial Parks Development & Management Company (NIP) on Wednesday signed a Memorandum of Understanding for laying of transmission lines, building grid station, and supply of electricity lines at Bin Qasim Industrial Park (B

Published 21 Feb, 2019 12:00am

Visit of MBS will bring economic revolution: Janoo

Abdul Rahim Janoo former SVP FPCCI and chairman Baba Farid Free Eye Camps has said that visit of Saudi crown prince will bring economic revolution in our country and this will be helpful to motivate the foreign investors for investment in various sectors

Published 21 Feb, 2019 12:00am

Zero rated export sector: government urged to enforce subsidized rates

Pakistan Hosiery Manufacturers and Exporters Association (PHMA) has asked the government to help enforce subsidized rates for the five zero rated export sectors up to 7.5 cents a kwh as per the relevant SRO.

Published 21 Feb, 2019 12:00am

PIA introduces Multan-Sharjah flight

Pakistan International Airlines (PIA) has commenced Multan-Sharjah flight twice a week. The inaugural flight PK-293 carrying 166 passengers departed from Multan on Wednesday morning. A ceremony was held at Multan Airport where Foreign Minister Shah Mehmoo

Published 21 Feb, 2019 12:00am

Engro posts Rs 23,632 million PAT in FY18

Pakistan's premier conglomerate, Engro Corporation announced its financial results for full year ended December 31, 2018. The Company posted a consolidated profit-after-tax (PAT) of Rs23,632 million - up by 45 percent, while PAT attributable to the shareh

Published 21 Feb, 2019 12:00am

Engro posts Rs 23,632 million PAT in FY18

Pakistan's premier conglomerate, Engro Corporation announced its financial results for full year ended December 31, 2018. The Company posted a consolidated profit-after-tax (PAT) of Rs23,632 million - up by 45 percent, while PAT attributable to the shareh

Published 21 Feb, 2019 12:00am

Business community's help sought to promote tax culture

Chief Commissioner Inland Revenue, Federal Board of Revenue, Shahid Iqbal Baloch has said the department and the business community are the two wheels of a vehicle and the economic development can not be achieved in the country without cooperation among t

Published 21 Feb, 2019 12:00am

Capital market: regulations, policy formulations should be conducive: Dawood

The Chairman of the Board of Dawood Hercules Corporation and Engro Corporation, Hussain Dawood Wednesday said that regulations and policy formulations should be conducive to increasing business activity and they should help increase the number of listings

Published 21 Feb, 2019 12:00am

PPAF aims to pullout 157,000 BISP households from poverty

Pakistan Poverty Alleviation Fund (PPAF) is scaling up its National Poverty Graduation Programme (NPGP) worth $150 million to support 157,000 households through the asset transfer programme to pull them out of extreme poverty.

Published 21 Feb, 2019 12:00am

PTI places party's proposed draft constitution on official website for feedback

Pakistan Tehreek-e-Insaf (PTI) is in the final phase of reviewing its constitution and has placed the proposed draft constitution on its official website for feedback from the party workers.

Published 21 Feb, 2019 12:00am

Modi shouldn't contest polls on basis of his enmity with Pakistan: Fawad

Federal Minister for Information and Broadcasting Fawad Chaudhry Wednesday advised Indian Prime Minister Narendra Modi to contest upcoming elections on the basis of his performance and not on enmity with Pakistan.

Published 21 Feb, 2019 12:00am

PPP to celebrate OIC birthday tomorrow

Pakistan Peoples Party (PPP) Punjab has announced holding of birthday of Organisation of Islamic Countries (OIC) on 22nd February at Chairing Cross.

Published 21 Feb, 2019 12:00am

False testimony: ATC judge directed to lodge complaint against Qaumi Razakar

The Supreme Court on Wednesday directed the judge of anti-terrorism court Faisalabad to lodge a complaint against Punjab Police Qaumi Razakar Muhammad Arshad over giving false testimony in a murder case.

Published 21 Feb, 2019 12:00am

Cabinet to discuss stand-off with India today

The federal cabinet to discuss stand-off with India in the aftermath of the Pulwama incident and the recent visit of Saudi Crown Prince, Muhammad Bin Salman (MBS), including investment from Saudi Arabia on Thursday (today).

Published 21 Feb, 2019 12:00am

NA flays India's baseless allegations

The National Assembly on Wednesday passed a unanimous resolution to reject baseless Indian allegations seeking to link suicide attack on Indian paramilitary troops in Pulwama last week to Pakistan "without investigation and any shared of evidence." Shortl

Published 21 Feb, 2019 12:00am

ZTBL sponsors 20 employees for Hajj 2019

Zarai Taraqiati Bank Ltd. (ZTBL) is sponsoring 20 of its employees to perform Hajj 2019. Acting President of the Bank Sheikh Amanullah announced the names of the lucky ones through computerized draw held at Bank's Head Office at Islamabad, in a function w

Published 21 Feb, 2019 12:00am

Modi's game-plan has failed to work

India under Narendra Modi is all set to cause harm to region's peace. His belligerence knows no bounds. Little does he, however, realize that his game-plan has failed; and it has failed miserably for the entire Sangh Parivar in which his party, the BJP, i

Published 21 Feb, 2019 12:00am

Greece gets drastic on sour loans with securitisation schemes

Greek authorities want banks to clean up their loan books faster, and they have put together new schemes to help lenders offload bad debt by wrapping it into asset-backed securities. Sour loans remain the biggest challenge facing Greek banks, the legacy o

Published 21 Feb, 2019 12:00am

Amazon's 'collaborative' robots offer peek into the future

Hundreds of orange robots zoom and whiz back and forth like miniature bumper cars - but instead of colliding, they're following a carefully plotted path to transport thousands of items ordered from online giant Amazon. A young woman fitted out in a red sa

Published 21 Feb, 2019 12:00am

18th Amendment: More about power than people

Eight years down the road it will be appropriate to examine the extent to which the 18th Amendment; hailed by most as a turning point in our tortuous political journey, has helped governments serve people better. Wasn't that the idea?

Published 21 Feb, 2019 12:00am

Memogate damp squib

After eight years of inconclusive meanderings, the Supreme Court (SC) finally delivered the coup de grace to the infamous Memogate case on February 14, 2019. It may be recalled that former ambassador to the US Husain Haqqani was accused of allegedly sendi

Updated 11 Mar, 2019 07:07am

SBP acts against discrimination

Commercial banks don't treat their clients alike and would shun those who are not likely to add value to their business activities. In order to discourage this practice, the State Bank of Pakistan on 14th February again asked banks to avoid discriminatory

Updated 11 Mar, 2019 07:11am

Pakistan-India tensions: 'It would be wonderful if they got along': Trump

United States President Donald Trump has expressed hope for Pakistan and India to get along. Responding to a question regarding Indo-Pak tensions, the US president said his government is watching the situation. "I have seen it, I have watched it. I have g

Published 21 Feb, 2019 12:00am

Pakistan-India tensions: 'It would be wonderful if they got along': Trump

United States President Donald Trump has expressed hope for Pakistan and India to get along. Responding to a question regarding Indo-Pak tensions, the US president said his government is watching the situation. "I have seen it, I have watched it. I have g

Published 21 Feb, 2019 12:00am

Three MPs abandon May over Brexit as UK political sands shift

Three MPs quit Britain's governing Conserv-ative Party on Wednesday in protest at its "disastrous" hard line on Brexit, joining a rebellion in parliament that is redrawing the country's political landscape just weeks before it leaves the EU. The resignati

Published 21 Feb, 2019 12:00am

Three MPs abandon May over Brexit as UK political sands shift

Three MPs quit Britain's governing Conserv-ative Party on Wednesday in protest at its "disastrous" hard line on Brexit, joining a rebellion in parliament that is redrawing the country's political landscape just weeks before it leaves the EU. The resignati

Published 21 Feb, 2019 12:00am

HBL''''s consolidated PAT rises by 41 percent to Rs 12.4 billion

Habib Bank Limited Wednesday (Feb 20) declared a consolidated profit after tax of Rs 12.4 billion for the year ended December 31, 2018, a growth of 41 percent over 2017 with earnings per share at Rs 8.22 compared to Rs 5.79 in 2017. Profit before tax for

Published 21 Feb, 2019 12:00am

HBL''s consolidated PAT rises by 41 percent to Rs 12.4 billion

Habib Bank Limited Wednesday (Feb 20) declared a consolidated profit after tax of Rs 12.4 billion for the year ended December 31, 2018, a growth of 41 percent over 2017 with earnings per share at Rs 8.22 compared to Rs 5.79 in 2017. Profit before tax for

Published 21 Feb, 2019 12:00am

HBL's consolidated PAT rises by 41 percent to Rs 12.4 billion

Habib Bank Limited Wednesday (Feb 20) declared a consolidated profit after tax of Rs 12.4 billion for the year ended December 31, 2018, a growth of 41 percent over 2017 with earnings per share at Rs 8.22 compared to Rs 5.79 in 2017. Profit before tax for

Published 21 Feb, 2019 12:00am

HBL's consolidated PAT rises by 41 percent to Rs 12.4 billion

Habib Bank Limited Wednesday (Feb 20) declared a consolidated profit after tax of Rs 12.4 billion for the year ended December 31, 2018, a growth of 41 percent over 2017 with earnings per share at Rs 8.22 compared to Rs 5.79 in 2017. Profit before tax for

Published 21 Feb, 2019 12:00am

MCB Bank announces Rs 21.36 billion PAT for 2018

The Board of Directors of MCB Bank Limited, met under the Chairmanship of Mian Mohammad Mansha, on February 20, 2019 to review the performance of the Bank and approve the financial statements for the year ended December 31, 2018. Unconsolidated Profit Bef

Published 21 Feb, 2019 12:00am

MCB Bank announces Rs 21.36 billion PAT for 2018

The Board of Directors of MCB Bank Limited, met under the Chairmanship of Mian Mohammad Mansha, on February 20, 2019 to review the performance of the Bank and approve the financial statements for the year ended December 31, 2018. Unconsolidated Profit Bef

Published 21 Feb, 2019 12:00am

MCB Bank announces Rs 21.36 billion PAT for 2018

The Board of Directors of MCB Bank Limited, met under the Chairmanship of Mian Mohammad Mansha, on February 20, 2019 to review the performance of the Bank and approve the financial statements for the year ended December 31, 2018. Unconsolidated Profit Bef

Published 21 Feb, 2019 12:00am

MCB Bank announces Rs 21.36 billion PAT for 2018

The Board of Directors of MCB Bank Limited, met under the Chairmanship of Mian Mohammad Mansha, on February 20, 2019 to review the performance of the Bank and approve the financial statements for the year ended December 31, 2018. Unconsolidated Profit Bef

Published 21 Feb, 2019 12:00am

United Bank Limited declares Rs 25 billion PBT for 2018

United Bank Limited has posted a standalone Profit Before Tax (PBT) of Rs. 25 billion for Full Year 2018. Excluding a one-off extraordinary pension charge for prior years, PBT reached Rs. 31.6 billion, one of the highest in the industry. The Bank maintain

Published 21 Feb, 2019 12:00am

United Bank Limited declares Rs 25 billion PBT for 2018

United Bank Limited has posted a standalone Profit Before Tax (PBT) of Rs. 25 billion for Full Year 2018. Excluding a one-off extraordinary pension charge for prior years, PBT reached Rs. 31.6 billion, one of the highest in the industry. The Bank maintain

Published 21 Feb, 2019 12:00am

United Bank Limited declares Rs 25 billion PBT for 2018

United Bank Limited has posted a standalone Profit Before Tax (PBT) of Rs. 25 billion for Full Year 2018. Excluding a one-off extraordinary pension charge for prior years, PBT reached Rs. 31.6 billion, one of the highest in the industry. The Bank maintain

Published 21 Feb, 2019 12:00am

United Bank Limited declares Rs 25 billion PBT for 2018

United Bank Limited has posted a standalone Profit Before Tax (PBT) of Rs. 25 billion for Full Year 2018. Excluding a one-off extraordinary pension charge for prior years, PBT reached Rs. 31.6 billion, one of the highest in the industry. The Bank maintain

Published 21 Feb, 2019 12:00am

Government requested to take back ownership of Marghazar Zoo from MCI: Senate body informed

Minister of State for Climate Change Zartaj Gul Wednesday informed a parliamentary committee that her office has requested the government to take back ownership of Marghazar Zoo from Metropolitan Corporation Islamabad for better management and care of the

Published 21 Feb, 2019 12:00am

Government raises Rs 301.8 billion

The federal government Wednesday raised some Rs 301.8 billion through auction of long term investment bonds. The State Bank of Pakistan (SBP) on February 20, 2019 conducted auction of Pakistan Investment Bond (PIB-Floating Rate) and Pakistan Investment Bo

Published 21 Feb, 2019 12:00am

Government raises Rs 301.8 billion

The federal government Wednesday raised some Rs 301.8 billion through auction of long term investment bonds. The State Bank of Pakistan (SBP) on February 20, 2019 conducted auction of Pakistan Investment Bond (PIB-Floating Rate) and Pakistan Investment Bo

Published 21 Feb, 2019 12:00am

Punjab accumulates Rs 447 billion debt in wheat business: minister

Punjab government has accumulated Rs 447 billion debts in wheat business alone, in buying the wheat, storing wheat and selling wheat over past ten years, Punjab Finance Minister Makhdoom Hashim Jawan Bakhat said here on Wednesday.

Published 21 Feb, 2019 12:00am

Pakistani inmate killed in Indian jail

Indian prisoners stoned to death a Pakistani inmate in a jail Wednesday amid mounting tensions over a suicide bombing that Delhi has blamed on its arch-rival neighbour, an official said. The Pakistani had been eight years into a life term at Jaipur Centra

Published 21 Feb, 2019 12:00am

Pakistani inmate killed in Indian jail

Indian prisoners stoned to death a Pakistani inmate in a jail Wednesday amid mounting tensions over a suicide bombing that Delhi has blamed on its arch-rival neighbour, an official said. The Pakistani had been eight years into a life term at Jaipur Centra

Published 21 Feb, 2019 12:00am

MBS says 'shared India's concern on terrorism'

Saudi Crown Prince Mohammed bin Salman on Wednesday offered intelligence sharing and other cooperation with India in fighting extremism and terrorism. The crown prince, with India's Prime Minister Narendra Modi by his side, told reporters that he "shared

Published 21 Feb, 2019 12:00am

MBS says 'shared India's concern on terrorism'

Saudi Crown Prince Mohammed bin Salman on Wednesday offered intelligence sharing and other cooperation with India in fighting extremism and terrorism. The crown prince, with India's Prime Minister Narendra Modi by his side, told reporters that he "shared

Published 21 Feb, 2019 12:00am

MBS expects investment worth more than $100 billion in India

Saudi Arabia''s Crown Prince Mohammed bin Salman said on Wednesday he expected investment opportunities worth more than $100 billion in India over the next two years as he began his first official visit amid tensions between arch foes India and Pakistan.

Published 21 Feb, 2019 12:00am

MBS expects investment worth more than $100 billion in India

Saudi Arabia's Crown Prince Mohammed bin Salman said on Wednesday he expected investment opportunities worth more than $100 billion in India over the next two years as he began his first official visit amid tensions between arch foes India and Pakistan. I

Published 21 Feb, 2019 12:00am

MBS expects investment worth more than $100 billion in India

Saudi Arabia's Crown Prince Mohammed bin Salman said on Wednesday he expected investment opportunities worth more than $100 billion in India over the next two years as he began his first official visit amid tensions between arch foes India and Pakistan. I

Published 21 Feb, 2019 12:00am

Nandipur project: AC again reserves verdict on Awan's acquittal plea

The Accoun-tability Court hearing a corruption reference against former Minister for Water and Power, Raja Pervaiz Ashraf and former Law Minister Zaheer-ud-Din Babar Awan with respect to delay in the Nandipur Power Project Wednesday again reserved its jud

Published 21 Feb, 2019 12:00am

Nandipur project: AC again reserves verdict on Awan's acquittal plea

The Accoun-tability Court hearing a corruption reference against former Minister for Water and Power, Raja Pervaiz Ashraf and former Law Minister Zaheer-ud-Din Babar Awan with respect to delay in the Nandipur Power Project Wednesday again reserved its jud

Published 21 Feb, 2019 12:00am

PM for drastic measures against money laundering

Prime Minister Imran Khan Wednesday directed all the stakeholders to double their efforts against money laundering and ensure that criminals are taken to task. While chairing a meeting to review progress on efforts being made to curb money laundering, the

Published 21 Feb, 2019 12:00am

PM for drastic measures against money laundering

Prime Minister Imran Khan Wednesday directed all the stakeholders to double their efforts against money laundering and ensure that criminals are taken to task. While chairing a meeting to review progress on efforts being made to curb money laundering, the

Published 21 Feb, 2019 12:00am

PM not happy with prevailing tax behaviour, norms

Prime Minister Imran Khan said on Wednesday that taxpayers are true VIPs of the country and the government must honour them. Addressing a ceremony held to award appreciation certificates to 150 top taxpayers of the country, Prime Minister Imran Khan said

Published 21 Feb, 2019 12:00am

PM not happy with prevailing tax behaviour, norms

Prime Minister Imran Khan said on Wednesday that taxpayers are true VIPs of the country and the government must honour them. Addressing a ceremony held to award appreciation certificates to 150 top taxpayers of the country, Prime Minister Imran Khan said

Published 21 Feb, 2019 12:00am

PM not happy with prevailing tax behaviour, norms

Prime Minister Imran Khan said on Wednesday that taxpayers are true VIPs of the country and the government must honour them. Addressing a ceremony held to award appreciation certificates to 150 top taxpayers of the country, Prime Minister Imran Khan said

Published 21 Feb, 2019 12:00am

PM not happy with prevailing tax behaviour, norms

Prime Minister Imran Khan said on Wednesday that taxpayers are true VIPs of the country and the government must honour them. Addressing a ceremony held to award appreciation certificates to 150 top taxpayers of the country, Prime Minister Imran Khan said

Published 21 Feb, 2019 12:00am

BRIndex100 snaps losing streak

Pakistan Stock Exchange Wednesday witnessed a bullish trend on the back of healthy buying in various sectors. BRIndex100 gained 42.56 points or 1.0 percent to close at 4,300.58 points. BRIndex100 touched intraday high of 4,304.68 and intraday low of 4,222

Published 21 Feb, 2019 12:00am

BRIndex100 snaps losing streak

Pakistan Stock Exchange Wednesday witnessed a bullish trend on the back of healthy buying in various sectors. BRIndex100 gained 42.56 points or 1.0 percent to close at 4,300.58 points. BRIndex100 touched intraday high of 4,304.68 and intraday low of 4,222

Published 21 Feb, 2019 12:00am

BRIndex100 snaps losing streak

Pakistan Stock Exchange Wednesday witnessed a bullish trend on the back of healthy buying in various sectors. BRIndex100 gained 42.56 points or 1.0 percent to close at 4,300.58 points. BRIndex100 touched intraday high of 4,304.68 and intraday low of 4,222

Published 21 Feb, 2019 12:00am

France fines UBS record 3.7 billion euros in tax fraud case

A Paris court on Wednesday fined Swiss banking giant UBS 3.7 billion euros ($4.2 billion) for tax fraud, a record for such a case in France. Lawyers for the bank, which was convicted of illegally helping French clients to hide billions of euros from Frenc

Published 21 Feb, 2019 12:00am

France fines UBS record 3.7 billion euros in tax fraud case

A Paris court on Wednesday fined Swiss banking giant UBS 3.7 billion euros ($4.2 billion) for tax fraud, a record for such a case in France. Lawyers for the bank, which was convicted of illegally helping French clients to hide billions of euros from Frenc

Published 21 Feb, 2019 12:00am

France fines UBS record 3.7 billion euros in tax fraud case

A Paris court on Wednesday fined Swiss banking giant UBS 3.7 billion euros ($4.2 billion) for tax fraud, a record for such a case in France. Lawyers for the bank, which was convicted of illegally helping French clients to hide billions of euros from Frenc

Published 21 Feb, 2019 12:00am

No compromise on accountability, says PM

Prime Minister Imran Khan has said that no one would be allowed to create hurdles to accountability process and this procedure is not dangerous for democracy in the country. The Prime Minister expressed these views while chairing a parliamentary party mee

Published 21 Feb, 2019 12:00am

No compromise on accountability, says PM

Prime Minister Imran Khan has said that no one would be allowed to create hurdles to accountability process and this procedure is not dangerous for democracy in the country. The Prime Minister expressed these views while chairing a parliamentary party mee

Published 21 Feb, 2019 12:00am

Zardari asks why arrest made at Islamabad

Pakistan Peoples Party Co-Chairman Asif Ali Zardari has condemned the arrest of Speaker Sindh Assembly Agha Siraj Durrani and said his party would face the National Accountability Bureau (NAB) and would not conduct any deal for a 'safe passage'. "We will

Published 21 Feb, 2019 12:00am

Zardari asks why arrest made at Islamabad

Pakistan Peoples Party Co-Chairman Asif Ali Zardari has condemned the arrest of Speaker Sindh Assembly Agha Siraj Durrani and said his party would face the National Accountability Bureau (NAB) and would not conduct any deal for a 'safe passage'. "We will

Published 21 Feb, 2019 12:00am

PPP's Durrani arrested by NAB

National Accountability Bureau (NAB) Wednesday arrested Speaker Sindh Assembly Agha Siraj Durrani for having assets beyond known sources of income. According to an official of NAB, NAB Karachi arrested Durrani at a private hotel in the federal capital on

Published 21 Feb, 2019 12:00am

PPP's Durrani arrested by NAB

National Accountability Bureau (NAB) Wednesday arrested Speaker Sindh Assembly Agha Siraj Durrani for having assets beyond known sources of income. According to an official of NAB, NAB Karachi arrested Durrani at a private hotel in the federal capital on

Published 21 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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