News Archives for Print - 2019-02-27

China slams 'provocative' US sail-by in Taiwan Strait

China on Tuesday rebuked the US Navy for sending two ships through the Taiwan Strait, calling the operation a "provocative" act. The Pentagon said the USS Stethem destroyer and the USNS Cesar Chavez cargo ship conducted a "routine transit" between the Sou

Published 27 Feb, 2019 12:00am

In Middle East, impunity reigned in 2018: Amnesty

Global indifference is fuelling atrocities across the Middle East, rights watchdog Amnesty International warned Tuesday in a report condemning what it called growing impunity. "The crackdown on civil society actors and political opponents increased signif

Published 27 Feb, 2019 12:00am

Erdogan lambasts Brussels over EU-Arab summit

Turkish President Recep Tayyip Erdogan on Tuesday lambasted the EU after the bloc held a summit with Arab leaders in Egypt despite Cairo's execution of nine men last week. Egypt on February 20 hanged the nine men for the 2015 assassination of prosecutor g

Published 27 Feb, 2019 12:00am

UN reaches aid warehouses on Yemen frontlines, seeks $4.2 billion

The UN said Tuesday it had finally reached vital food aid warehouses on Yemen's frontlines as it scrambled to raise $4.2 billion to provide desperately needed assistance in the war-torn country. The United Nations had since September been unable to reach

Published 27 Feb, 2019 12:00am

Western powers rebuke Sudan over 'return to military rule'

Western powers including the US rebuked Sudan on Tuesday for its "return to military rule", after President Omar al-Bashir imposed a state of emergency and appointed army officers to top government posts. Bashir declared a year-long nationwide emergency o

Published 27 Feb, 2019 12:00am

Copper slips, dwindling stockpiles limit losses

Copper slipped on Tuesday as traders paused for breath a day after the metal hit eight-month peaks amid dwindling stockpiles and signs of progress in US-China trade talks. Available, or "on-warrant", London Metal Exchange copper stocks fell further on Tue

Published 27 Feb, 2019 12:00am

With Opec likely to ignore Trump, oil prices stabilize

Oil futures steadied on Tuesday on signs that Opec plans to maintain production cuts despite pressure from US President Donald Trump, whose comment criticizing rising crude prices sent the market into a tailspin a day earlier.

Published 27 Feb, 2019 12:00am

US MIDDAY: wheat sinks

US wheat futures slid for a second session on Tuesday to the lowest in 10 months as cheaper exports from producers including Russia weighed on demand for US supplies. Soyabeans also fell, giving up last session's gains, as a rapidly advancing harvest in t

Published 27 Feb, 2019 12:00am

US MIDDAY: Palladium breaches $1,550; gold steadies

Palladium broke past $1,550 for the first time on Tuesday on the back of intensifying supply deficit, while gold steadied after US Federal Reserve Chairman Jerome Powell reiterated patience in further rate hikes.

Published 27 Feb, 2019 12:00am

SECP to focus on market development of insurance sector

The insurance industry is changing in response to a wide range of social, technological and global economic forces. The last two decades have shown considerable growth in the life insurance sector due to emergence of new distribution channels such as Banc

Published 27 Feb, 2019 12:00am

DGI&I, IR & officers empowered to deal with FED cases

Directorate General Intelligence and Investigation, Inland Revenue (IR) and its officers have been empowered to deal with the cases of federal excise duty (FED) and carry out criminal investigation and prosecution of units subjected to the FED. The Federa

Published 27 Feb, 2019 12:00am

ADB to give $75 million loan for Mardan-Swabi road's upgradation

The Asian Development Bank (ADB) and the government of Pakistan Tuesday signed a loan agreement for $75 million to widen and upgrade 42 kilometers of the busy Mardan-Swabi road in Khyber Pakhtunkhwa in Pakistan. The loan agreement were signed by Country D

Published 27 Feb, 2019 12:00am

ADB to give $75 million loan for Mardan-Swabi road's upgradation

The Asian Development Bank (ADB) and the government of Pakistan Tuesday signed a loan agreement for $75 million to widen and upgrade 42 kilometers of the busy Mardan-Swabi road in Khyber Pakhtunkhwa in Pakistan. The loan agreement were signed by Country D

Published 27 Feb, 2019 12:00am

Modi poses threat to regional peace: FPCCI

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Tuesday said Indian Prime Minister Narendra Modi has become the biggest threat to the regional peace. Adventurism and outburst for the sake of popularity before general elections by t

Published 27 Feb, 2019 12:00am

DTI signs MoU with UCP

Descon Technical Institute (DTI) signed a Memorandum of Understanding (MoU) with the University of Central Punjab (UCP) on Feb 12th. The basic purpose of this MoU is to help bridge the gap between Industry and Academia through Research Developments and tr

Published 27 Feb, 2019 12:00am

Mutual Funds

Mirpurkhas Sugar Mills Limited

Mirpurkhas Sugar Mills Limited (PSX: MIRKS) was incorporated in Pakistan on May 27, 1964 as a public limited company and its shares are quoted on Pakistan Stock Exchange. Principal activity of the company is manufacturing and selling of sugar. The registe

Published 27 Feb, 2019 12:00am

Mutual Funds

Mirpurkhas Sugar Mills Limited

Mirpurkhas Sugar Mills Limited (PSX: MIRKS) was incorporated in Pakistan on May 27, 1964 as a public limited company and its shares are quoted on Pakistan Stock Exchange. Principal activity of the company is manufacturing and selling of sugar. The registe

Published 27 Feb, 2019 12:00am

Wapda, NLC join hands to implement mega projects

Water and Power Development Authority (WAPDA) Chairman Muzammil Hussain has said that National Logistics Cell (NLC) may also join hands with WAPDA to take the country to the next stage of development like other firms.

Published 27 Feb, 2019 12:00am

District level: Local chambers advised to make industrial fairs annual feature

SAARC Chamber of Commerce and Industry Senior Vice President Iftikhar Ali Malik on Tuesday urged the local chambers and businessmen to organize annual industrial fairs at district level regularly to promote and introduce the manufacturing and production o

Published 27 Feb, 2019 12:00am

Currency

APBF urges government to raise exports to 11 percent of GDP

All Pakistan Business Forum (APBF) has urged the government to raise exports to 11 percent of the GDP till the end of its term with a keen focus on value addition for a sustainable economic trajectory. Moreover, the foreign direct investment (FDI) should

Published 27 Feb, 2019 12:00am

FCCI for resolving sector-specific issues

Serious efforts are being made to bring various sectors of economy in the mainstream of Faisalabad Chamber of Commerce and Industry (FCCI) in order to resolve their sector specific issues expeditiously, said president FCCI Syed Zia Alumdar.

Published 27 Feb, 2019 12:00am

Metro buses collision: Initial reports submitted to CM

Initial report of collision of metro buses near Gaju Matta has been presented to the Punjab Chief Minister Sardar Usman Buzdar on Tuesday.

Published 27 Feb, 2019 12:00am

Nawaz slams Indian act, prays for country's sovereignty

Former Prime Minister Nawaz Sharif (PML-N) has slammed the Indian aircrafts intrusion across the Line of Control (LoC) and prayed for the Pakistan's sovereignty.

Published 27 Feb, 2019 12:00am

PFA seals three food units on adulteration charges

The Punjab Food Authority (PFA) sealed fat rendering unit, maraba (jam) unit and a sweets factory during a grand operation under the supervision of its Director General Captain Muhammad Usman(R) in Lahore and Sheikhupura on Tuesday.

Published 27 Feb, 2019 12:00am

Group of MPAs resolve to promote minority's rights

A group of Members of the Provincial Assembly (MPAs) from the government and opposition parties resolved to jointly promote minority rights and support the minority package 2018 in Punjab. As a gesture of cooperation the Parliamentarians held a press conf

Published 27 Feb, 2019 12:00am

Cotton

Buzdar announces over Rs 2 billion for drip irrigation system

Announcing the allocation of over Rs two billion for drip irrigation system and provision of certified cotton seeds to improve the cotton production, Punjab chief minister Sardar Usman Buzdar on Tuesday said that innovative programmes will be launched to

Published 27 Feb, 2019 12:00am

PPP condemns India's act of cowardice

The Pakistan People's Party (PPP) Punjab leadership has condemned the cowardice act of India, saying that India has invited dangerous risk to the regional security. President PPP Punjab Qamar Zaman Kaira said Indian aerial aggression is election-specific

Published 27 Feb, 2019 12:00am

Partly Facetious : The 'Naya' Pakistan debate

"You know what Naya (New) Pakistan means to me?"

Published 27 Feb, 2019 12:00am

Karachi Literature Festival to begin on March 1

The three-day Karachi Literature Festival (KLF) will begin on March 1 as a platform to explore the fundamental question what's going to happen to books, literature, publishing and reading in the days to come.

Published 27 Feb, 2019 12:00am

ITU convocation on March 6

The Information Technology University (ITU) Punjab, Pakistan's first research focused University, established in 2012, will hold its second convocation on March 6, 2019 at Aiwan-e-Iqbal, to confer degrees of Computer Science, Electrical Engineering and Ex

Published 27 Feb, 2019 12:00am

Fake degrees: Senate body asks CAA, PIA to furnish documents

The Senate Committee on Aviation has sought documents from Civil Aviation Authority (CAA) and Pakistan International Airlines (PIA) pertaining to charges against the employees who have recently been dismissed from the service in the wake of fake degrees.

Published 27 Feb, 2019 12:00am

Cotton

Special procedure for ST on cottonseed oil notified

The Federal Board of Revenue (FBR) Tuesday announced that the sales tax payable on supply of cottonseed oil shall be collected at the time of supply of cottonseed on the basis of quantity of cottonseed supplied or consumed in-house for expelling of oil by

Published 27 Feb, 2019 12:00am

Low-cost housing projects to be completed by PHATA

All low cost housing projects under Prime Minister's Naya Pakistan Housing Scheme will be completed under the supervision of Punjab Housing and Town Planning Agency (PHATA) in the province.

Published 27 Feb, 2019 12:00am

Azad Jammu & Kashmir: Payment of NHP, water charges referred to ECC, Senate told

The Senate Standing Committee on Water Resources was informed on Tuesday that the matter of payment of net hydel profit (NHP) and water usage charges to Azad Jammu & Kashmir (AJ&K) has been referred to the Economic Coordination Committee (ECC) and a decis

Published 27 Feb, 2019 12:00am

National, regional plans of action to conserve shark species proposed

Experts on Tuesday discussed the issue of declining species of shark and suggested that the concerned NPOA and RPOA should focus on conservation and management of sharks with particular emphasis on improving species-specific landings and other data, such

Published 27 Feb, 2019 12:00am

Shell expects LNG demand to reach about 384MT in 2020

Strong demand for cleaner-burning fuel in Asia continued to drive rapid growth in liquefied natural gas (LNG) use in 2018, with global demand rising by 27 million tonnes to 319 million tonnes, according to Shell's latest annual LNG Outlook. Shell expects

Published 27 Feb, 2019 12:00am

Nestlé Pakistan posts 2 percent growth in sales revenue

Nestlé Pakistan posted yearly sales revenue of Rs 124.6 billion for 2018, an increase of about 2 percent compared to previous year despite increasingly difficult economic conditions. Export sales during the same period stood at Rs 2.3 billion. The annual

Published 27 Feb, 2019 12:00am

Nestlé Pakistan posts 2 percent growth in sales revenue

Nestlé Pakistan posted yearly sales revenue of Rs 124.6 billion for 2018, an increase of about 2 percent compared to previous year despite increasingly difficult economic conditions. Export sales during the same period stood at Rs 2.3 billion. The annual

Published 27 Feb, 2019 12:00am

'Only 240MW of power being supplied to domestic consumers of Balochistan'

A parliamentary panel while expressing serious concerns over massive power load-shedding in Balochistan said on Tuesday that only 240 megawatts of electricity are being supplied to the domestic consumers of the province.

Published 27 Feb, 2019 12:00am

Tobacco products: FBR issues security features of tax stamps

The Federal Board of Revenue (FBR) Tuesday issued security features of the tax stamps to be affixed on tobacco products, beverages, sugar, fertilizer and cement to prevent counterfeiting and enable accounting of production of goods within the entire suppl

Published 27 Feb, 2019 12:00am

Co, consortium or JV licence: FBR rolls out procedure for e-monitoring of goods

A company, consortium or joint venture must have minimum annual turnover of $50 million in any of last three years or financial worth of US $25 million to qualify for seeking licence in Pakistan to provide technological solutions for high security tax sta

Published 27 Feb, 2019 12:00am

ANP terms Indian provocation a threat to peace

ANP president Asfandyar Wali Khan has termed so called surgical strikes and provocative narrative dangerous for peace in the region.

Published 27 Feb, 2019 12:00am

KP education monitoring authority bill 2019 approved

The provincial cabinet here on Tuesday approved Khyber Pakhtunkhwa Education Monitoring Authority bill 2019 to give status to the Independent Monitoring Unit (IMU) of provincial department of Elementary and Secondary Education (E&S) as a regular authority

Published 27 Feb, 2019 12:00am

NA panel approves PCSIR's: Rs 3.9 billion annual budget

The National Assembly Standing Committee on Science and Technology has approved the annual development budget of Rs 3.9 billion for Pakistan Council of Scientific and Industrial Research (PCSIR) for financial year 2019-20.

Published 27 Feb, 2019 12:00am

NA panel approves PCSIR's: Rs 3.9 billion annual budget

The National Assembly Standing Committee on Science and Technology has approved the annual development budget of Rs 3.9 billion for Pakistan Council of Scientific and Industrial Research (PCSIR) for financial year 2019-20.

Published 27 Feb, 2019 12:00am

Professor Zafarullah re-elected CPSP president

Prof Zafarullah Chaudhry has been re-elected as president of the College of Physicians and Surgeons Pakistan (CPSP). His election was made by the 20-member Council of the CPSP, which was elected by the fellows of CPSP.

Published 27 Feb, 2019 12:00am

KP CM condemns IAF for violating airspace

Khyber Pakhtunkhwa Chief Minister Mahmood Khan has strongly condemned the airspace violation by the Indian Air Force. The India should refrain from provocation, export and promotion of terrorism in the region. Each and every Pakistani backed the Pak armed

Published 27 Feb, 2019 12:00am

Cotton

Commerce, textile div: NA panel endorses budget proposals of Rs10.58 billion under PSDP

A parliamentary panel has endorsed budget proposals of Commerce and Textile Divisions to the tune of Rs 10.58 billion for the next financial year 2019-20 under the Public Sector Development Programme (PSDP).

Published 27 Feb, 2019 12:00am

Business community, politicians vow support to armed forces

Business and industrial community and Sindh Chief Minister's adviser vowed unity of Pakistanis as one nation, under one flag to protect the dignity and integrity of darling motherland Pakistan and full support to the valiant armed forces of the country. T

Published 27 Feb, 2019 12:00am

Sindh Assembly condemns Indian aggression

The Sindh Assembly on Tuesday adopted unanimously a resolution to condemn the India's aggression against Pakistan and appreciated the Pakistan Air Force for its timely response to send back the intruding Indian jets from its airspace.

Published 27 Feb, 2019 12:00am

HabibMetro Bank earns Rs 10 billion profit before tax

The Board of Directors of Habib Metropolitan Bank Ltd. held a meeting on February 21, 2018 to approve the financial statements of the Bank for the year ended December 31, 2018. The Bank posted a profit-before-tax of Rs 10.07 billion for the year 2018, wit

Published 27 Feb, 2019 12:00am

HabibMetro Bank earns Rs 10 billion profit before tax

The Board of Directors of Habib Metropolitan Bank Ltd. held a meeting on February 21, 2018 to approve the financial statements of the Bank for the year ended December 31, 2018. The Bank posted a profit-before-tax of Rs 10.07 billion for the year 2018, wit

Published 27 Feb, 2019 12:00am

CAA selects five employees for Hajj

Pakistan Civil Aviation Authority (PCAA) has conducted Hajj balloting for its employees here on Tuesday. According to details, Additional DG PCAA Air Vice Marshal Tanweer Ashraf Bhatti conducted the Hajj balloting for its employees on the directives of Fe

Published 27 Feb, 2019 12:00am

SC orders authorities to continue anti-encroachment drive

Supreme Court (SC) on Tuesday ordered the provincial and city authorities to continue the operations against encroachment in the metropolis and directed Chief Secretary Sindh to supervise this operation. At Karachi Registry, the SC's bench headed by Justi

Published 27 Feb, 2019 12:00am

IGATEX fair begins: Products of over 37 states on display

The three-day textile and garments exhibition - IGATEX Pakistan having participation from 37 countries opened Tuesday at Karachi Expo Centre. More than 500 companies are exhibiting their products and latest technologies. IGATEX Pakistan is a pioneer exhib

Published 27 Feb, 2019 12:00am

Meeting reviews situation of drought-hit Tharparkar

A meeting was held under the chairman of Divisional Commissioner Mirpurkhas Abdul Waheed Shaikh at Deputy Commissioner Office Mithi to review the situation of drought-hit of Tharparkar District regarding the health situation, drinking clean water, develop

Published 27 Feb, 2019 12:00am

Banks to receive Hajj applications on Saturday and Sunday

Designated bank branches will be open Saturday and Sunday for the collection of Hajj applications. In order to facilitate intending pilgrims in depositing Hajj applications along with dues for Hajj 2019, the State Bank of Pakistan has directed 14 designat

Published 27 Feb, 2019 12:00am

Anti-state material on social media: IHC seeks report from FIA about action

The Islamabad High Court (IHC) on Tuesday ordered the director Cyber-Crime Wing of Federal Investigation Agency (FIA) to appear in person in a case pertaining to taking action against people involved in uploading anti-state material on social media. A sin

Published 27 Feb, 2019 12:00am

Religious parties condemn LoC violations by IAF

Religious parties including Milli Yakjehti Council, Jamaat-e-Islami, Pakistan Awami Tehreek and others have strongly condemned cross border violation by Indian Air Force planes and called upon the Government to raise this issue at diplomatic level and giv

Published 27 Feb, 2019 12:00am

Opposition slams India for violating LoC

The opposition parties strongly condemned violation of Line of Control (LoC) by Indian aircraft and said that the whole nation is united and stands behind Pakistan armed forces against any aggression of Indian forces.

Published 27 Feb, 2019 12:00am

Smuggled foam sale: LHC summons FBR's chief tax policy officer

The Lahore High Court on Tuesday sought personal appearance of chief tax policy officer of Federal Board of Revenue (FBR) on March 14 in response to a petition of local foam manufacturers questioning sale of smuggled foam in Pakistan. The petitioner compa

Published 27 Feb, 2019 12:00am

Fourth rouned of Pak-Finland political dialogue held

The 4th round of bilateral political consultation between Pakistan and Finland was held in Islamabad on Tuesday. Additional Secretary (Europe) Zaheer A Janjua led the Pakistani delegation, while the Finnish delegation was headed by Under-Secretary of Stat

Published 27 Feb, 2019 12:00am

Punjab Assembly expresses solidarity with Army

The Punjab Assembly on Tuesday passed a resolution with majority expressing solidarity with Pakistan Army and condemning Indian violation of Line of Control. The resolution was presented by PTI MPA Abdul Aleem Khan. The resolution lauded services and sacr

Published 27 Feb, 2019 12:00am

Workshop on pleural procedures

Gulab Devi Hospital held a workshop on "Pleural procedures, intercostals chest drains, pleuroscopy/ thoracoscopy" on Friday at the hospital. The keynote speakers were Nadeem Ahmed Rizvi, former HoD Pulmonology Department JPMC Karachi, Dr Nasir Siddique, c

Published 27 Feb, 2019 12:00am

CJP asks SHC not to refer defective cases to trial courts

Chief Justice of Pakistan (CJP) Asif Saeed Khosa on Tuesday stated that high court should not refer the cases to trial courts if shortcomings were found in their decisions. At Karachi registry of Supreme Court (SC), CJP heading a three-member bench observ

Published 27 Feb, 2019 12:00am

Modi imposing war to escape defeat in election, says JI chief

Jamaat-e-Islami chief Siraj-ul-Haq has said Indian Prime Minister Narendra Modi wants to impose war on Pakistan to escape a defeat in election but he would only be inviting disaster for his country. He was addressing the media outside the Parliament House

Published 27 Feb, 2019 12:00am

Indian acting HC summoned

Pakistan Tuesday summoned top Indian diplomat and lodged with him a strong protest over Indian violation of the country's sovereignty and territorial integrity, Foreign Office said. According to Foreign Office spokesperson Dr Mohammad Faisal, Indian actin

Published 27 Feb, 2019 12:00am

ADB appoints Ahmed Saeed as VP Operations

The Asian Development Bank (ADB) has appointed Ahmed M Saeed as Vice-President for Operations 2. Saeed will be responsible for operations in the Southeast Asia Department, the East Asia Department, and the Pacific Department, says a press release issued h

Published 27 Feb, 2019 12:00am

Government to set up three new hospitals, revamp BHUs in Capital

The government is planning to set up three new hospitals and revamp basic health units (BHUs) in the federal capital in order to curtail burden on existing health facilities.

Published 27 Feb, 2019 12:00am

Ailing energy sector - affordable solution in sight?

The Saudi initiative to help solve our energy sector issues (major news item, BR, Feb. 20) is a wonderful news since our Federal Minister for Power acknowledged that the government is seriously considering the real solar option which would provide afforda

Published 27 Feb, 2019 12:00am

Glencore complains to LME about access to metal in Malaysia

Glencore has lodged a complaint with the London Metal Exchange (LME) about the company's inability to take speedy delivery of aluminium from warehouses owned by ISTIM UK in Port Klang, Malaysia, two sources familiar with the matter said.

Published 27 Feb, 2019 12:00am

How US bike companies are steering around Trump's China tariffs

US-based bicycle manufacturer Kent International has found a way around President Donald Trump's tariffs - by shifting production out of China.

Published 27 Feb, 2019 12:00am

Transforming education and the gap

"You must concentrate on getting knowledge and education. It is your foremost responsibility...education is a matter of life and death for our country", Quaid-e-Azam. Copied from The New Deal 2018-23 Transforming School Education in Punjab.

Published 27 Feb, 2019 12:00am

'Don't mess with Pakistan'

As India keeps whipping up war hysteria in the aftermath of the Pulwama suicide attack, Pakistan's political and military leadership have responded in a cool and calculated manner. Following up on the Prime Minister's and the National Security Committee's

Updated 09 Mar, 2019 10:52am

SME development

Banks' financing of small and medium enterprises (SMEs) rose to 513 billion rupees by the end of fiscal year 2017-18 in comparison to 450 billion rupees in the comparable period of the year before. Between July-December 2018, the growth in financing for t

Updated 09 Mar, 2019 10:52am

Iran buys Indian sugar for first time in five years to overcome US sanctions

Indian traders will export raw sugar to Iran for March and April delivery, five trade sources said, the first Indian sugar sales to Tehran in at least five years as Iran struggles to secure food supplies under sanctions imposed by the United States. Under

Published 27 Feb, 2019 12:00am

Iran buys Indian sugar for first time in five years to overcome US sanctions

Indian traders will export raw sugar to Iran for March and April delivery, five trade sources said, the first Indian sugar sales to Tehran in at least five years as Iran struggles to secure food supplies under sanctions imposed by the United States. Under

Published 27 Feb, 2019 12:00am

Iran buys Indian sugar for first time in five years to overcome US sanctions

Indian traders will export raw sugar to Iran for March and April delivery, five trade sources said, the first Indian sugar sales to Tehran in at least five years as Iran struggles to secure food supplies under sanctions imposed by the United States. Under

Published 27 Feb, 2019 12:00am

Cotton

Relocation of sugar mills: SC rejects Sharif family's review Petitions

The Supreme Court on Tuesday dismissed Sharif family's review petitions seeking relocation of their sugar mills to southern Punjab. A three-judge bench, headed by Justice Sheikh Azmat Saeed heard the review petitions of Haseeb Waqas Sugar Mills, and Ittef

Published 27 Feb, 2019 12:00am

Cotton

Relocation of sugar mills: SC rejects Sharif family's review Petitions

The Supreme Court on Tuesday dismissed Sharif family's review petitions seeking relocation of their sugar mills to southern Punjab. A three-judge bench, headed by Justice Sheikh Azmat Saeed heard the review petitions of Haseeb Waqas Sugar Mills, and Ittef

Published 27 Feb, 2019 12:00am

PAC directs AGP to conduct special audit of HEC

The Public Accounts Committee (PAC) has directed the Auditor General of Pakistan (AGP) to conduct a special audit of the Higher Education Commission (HEC) of year 2017-18. These directions were given by the chairperson of the subcommittee of the PAC Sherr

Published 27 Feb, 2019 12:00am

PAC directs AGP to conduct special audit of HEC

The Public Accounts Committee (PAC) has directed the Auditor General of Pakistan (AGP) to conduct a special audit of the Higher Education Commission (HEC) of year 2017-18. These directions were given by the chairperson of the subcommittee of the PAC Sherr

Published 27 Feb, 2019 12:00am

Israel ex-minister sentenced to 11 years for spying for Iran

An Israeli ex-minister was sentenced to 11 years in prison Tuesday for spying for his country's main enemy Iran, with prosecutors saying the plea bargain was necessary to avoid revealing secret information.

Published 27 Feb, 2019 12:00am

Israel ex-minister sentenced to 11 years for spying for Iran

An Israeli ex-minister was sentenced to 11 years in prison Tuesday for spying for his country's main enemy Iran, with prosecutors saying the plea bargain was necessary to avoid revealing secret information.

Published 27 Feb, 2019 12:00am

China to give $1 billion grant for early harvest projects

China would give $1 billion grant to Pakistan for early harvest projects of socioeconomic development and agriculture sectors under the second phase of China-Pakistan Economic Corridor, it is learnt. According to the sources, China would provide this gran

Published 27 Feb, 2019 12:00am

China to give $1 billion grant for early harvest projects

China would give $1 billion grant to Pakistan for early harvest projects of socioeconomic development and agriculture sectors under the second phase of China-Pakistan Economic Corridor, it is learnt. According to the sources, China would provide this gran

Published 27 Feb, 2019 12:00am

China to give $1 billion grant for early harvest projects

China would give $1 billion grant to Pakistan for early harvest projects of socioeconomic development and agriculture sectors under the second phase of China-Pakistan Economic Corridor, it is learnt. According to the sources, China would provide this gran

Published 27 Feb, 2019 12:00am

Kim, Trump arrive in Hanoi ahead of nuclear summit

North Korean leader Kim Jong Un and US President Donald Trump arrived in Hanoi Tuesday, ahead of a second summit closely watched for concrete steps to dismantle Pyongyang's nuclear programme.

Published 27 Feb, 2019 12:00am

Kim, Trump arrive in Hanoi ahead of nuclear summit

North Korean leader Kim Jong Un and US President Donald Trump arrived in Hanoi Tuesday, ahead of a second summit closely watched for concrete steps to dismantle Pyongyang's nuclear programme.

Published 27 Feb, 2019 12:00am

SECP relaxes major condition for listing companies

The Securities and Exchange Commission of Pakistan (SECP) has relaxed a major condition for the listing companies about the timing of appointment of female director during reconstitution of board of directors of such companies.

Published 27 Feb, 2019 12:00am

SECP relaxes major condition for listing companies

The Securities and Exchange Commission of Pakistan (SECP) has relaxed a major condition for the listing companies about the timing of appointment of female director during reconstitution of board of directors of such companies.

Published 27 Feb, 2019 12:00am

SECP relaxes major condition for listing companies

The Securities and Exchange Commission of Pakistan (SECP) has relaxed a major condition for the listing companies about the timing of appointment of female director during reconstitution of board of directors of such companies.

Published 27 Feb, 2019 12:00am

Currency

SECP''s directive to brokers, insurers and NBFCs

The securities brokers, futures brokers, insurers, Takaful operators, non-banking finance companies (NBFCs) and Modarabas would be required to submit annual compliance assessment checklist to the Securities and Exchange Commission of Pakistan (SECP) to de

Published 27 Feb, 2019 12:00am

Currency

SECP's directive to brokers, insurers and NBFCs

The securities brokers, futures brokers, insurers, Takaful operators, non-banking finance companies (NBFCs) and Modarabas would be required to submit annual compliance assessment checklist to the Securities and Exchange Commission of Pakistan (SECP) to de

Published 27 Feb, 2019 12:00am

Currency

SECP's directive to brokers, insurers and NBFCs

The securities brokers, futures brokers, insurers, Takaful operators, non-banking finance companies (NBFCs) and Modarabas would be required to submit annual compliance assessment checklist to the Securities and Exchange Commission of Pakistan (SECP) to de

Published 27 Feb, 2019 12:00am

RLNG-based power project: Signing of PPA, RA with SNGPL allowed

A meeting of the Economic Coordination Committee (ECC) of the Cabinet has allowed Power Division for signing of the Power Purchase Agreement (PPA) and Reimbursement Agreement (RA) with SNGPL for supply of gas to 1263.2 MW RLNG-based power generation proje

Published 27 Feb, 2019 12:00am

RLNG-based power project: Signing of PPA, RA with SNGPL allowed

A meeting of the Economic Coordination Committee (ECC) of the Cabinet has allowed Power Division for signing of the Power Purchase Agreement (PPA) and Reimbursement Agreement (RA) with SNGPL for supply of gas to 1263.2 MW RLNG-based power generation proje

Published 27 Feb, 2019 12:00am

RLNG-based power project: Signing of PPA, RA with SNGPL allowed

A meeting of the Economic Coordination Committee (ECC) of the Cabinet has allowed Power Division for signing of the Power Purchase Agreement (PPA) and Reimbursement Agreement (RA) with SNGPL for supply of gas to 1263.2 MW RLNG-based power generation proje

Published 27 Feb, 2019 12:00am

$12 billion IMF bailout expected

The Fitch Solutions claims that Pakistan and International Monetary Fund (IMF) will reach an agreement over a bailout soon, with a potential bailout size of about $12 billion. Fitch Solutions in its latest report titled "Pakistan: What to Expect in the Ne

Published 27 Feb, 2019 12:00am

$12 billion IMF bailout expected

The Fitch Solutions claims that Pakistan and International Monetary Fund (IMF) will reach an agreement over a bailout soon, with a potential bailout size of about $12 billion. Fitch Solutions in its latest report titled "Pakistan: What to Expect in the Ne

Published 27 Feb, 2019 12:00am

Currency	Rate
USD PKR Interbank Selling / Dec 24	278.53
USD PKR Interbank Buying / Dec 24	278.33
USD to Japanese Yen / Dec 24	157.14
USD to Swiss Franc / Dec 24	0.90
Pound Sterling to USD / Dec 24	1.25
Euro to USD / Dec 24	1.04

Stock	Volume
Germany DAX 30 / Dec 23	19,848.77
S&P 500 / Dec 24	6,040.04
India Sensex / Dec 24	78,472.87
Tokyo Nikkei / Dec 24	38,986.40
Nasdaq / Dec 24	20,031.13
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,136.99
Dow Jones / Dec 24	43,297.03

Item	Value
Crude Oil USD/Barrel / Dec 24	70.10
Karachi Cotton PKR/37.32 KG / Dec 24	17,785
Gold 10 Grams PKR / Dec 24	240,487.70
Gold Spot USD/Ounce / Dec 24	2,616.87
Cotton US¢/pound / Dec 24	68.78
Petrol/Litre / Dec 26	252.10

Stock	Price
Sec. Inv. Bank / Dec 26 Security Investment Bank Limited(SIBL)	6.99 ▲ 1.00 (16.69%)
Askari Life Assur. / Dec 26 Askari Life Assurance Company Limited(ALAC)	6.27 ▲ 0.67 (11.96%)
Next Capital / Dec 26 Next Capital Limited(NEXT)	9.90 ▲ 1.00 (11.24%)
Pak Gulf Leasing / Dec 26 Pak-Gulf Leasing Company Limited(PGLC)	15.81 ▲ 1.44 (10.02%)
Pak. P.V.C. / Dec 26 Pakistan PVC Limited(PPVC)	11.20 ▲ 1.02 (10.02%)
Dewan Motors / Dec 26 Dewan Farooque Motors Limited(DFML)	42.21 ▲ 3.84 (10.01%)
Suhail Jute / Dec 26 Suhail Jute Mills Limited(SUHJ)	99.06 ▲ 9.01 (10.01%)
Adam Sugar / Dec 26 Adam Sugar Mills Limited(ADAMS)	63.91 ▲ 5.81 (10.00%)
Dar-es-Salaam / Dec 26 Dar-es-Salaam Textile Mills Limited(DSML)	51.25 ▲ 4.66 (10.00%)

Stock	Price
Mughal Energy / Dec 26 Mughal Energy Limited(GEM)(GEMMEL)	18.45 ▼ -2.05 (-10.00%)
Jauharabad Sug / Dec 26 Jauharabad Sugar Mills Limited(JSML)	23.14 ▼ -2.53 (-9.86%)
Power Cem(Pref) / Dec 26 Power Cement (Pref)(POWERPS)	12.25 ▼ -1.22 (-9.06%)
Quetta Textile / Dec 26 Quetta Textile Mills Limited(QUET)	19.02 ▼ -1.69 (-8.16%)
J.A.Textile / Dec 26 J.A. Textile Mills Limited(JATM)	31.51 ▼ -2.44 (-7.19%)
Intermarket Securities / Dec 26 Intermarket Securities Limited(IMS)	68.10 ▼ -4.93 (-6.75%)
United Brands / Dec 26 United Brands Limited(UBDL)	23.35 ▼ -1.68 (-6.71%)
Leather Up Ltd. / Dec 26 Leather Up Limited(LEUL)	24.70 ▼ -1.77 (-6.69%)
PICIC Ins.Ltd. / Dec 26 PICIC Insurance Limited(PIL)	1.88 ▼ -0.12 (-6.00%)

Stock	Volume
WorldCall Telecom / Dec 26 Worldcall Telecom Limited(WTL)	127,408,831 ▼ -0.04
Fauji Foods Ltd / Dec 26 Fauji Foods Limited(FFL)	67,135,769 ▲ 0.62
Sui South Gas / Dec 26 Sui Southern Gas Company Limited(SSGC)	33,559,500 ▼ -0.62
Cnergyico PK / Dec 26 Cnergyico PK Limited(CNERGY)	33,367,944 ▼ -0.11
K-Electric Ltd. / Dec 26 K-Electric Limited(KEL)	30,254,338 ▼ -0.13
TRG Pak Ltd / Dec 26 TRG Pakistan Limited(TRG)	30,213,969 ▲ 4.88
Hascol Petrol / Dec 26 Hascol Petroleum Limited(HASCOL)	27,155,152 ▲ 0.24
Aisha Steel Mill / Dec 26 Aisha Steel Mills Limited(ASL)	26,980,436 ▲ 0.29
Sui North Gas / Dec 26 Sui Northern Gas Pipelines Limited(SNGP)	26,262,710 ▲ 1.86

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