News Archives for Print - 2019-04-02

International brands: Panel on tobacco taxation fails to come up with solid advice

The report by the Special Committee on Tobacco Taxation did not give any solid recommendation on measures to stop smuggling of international brands of cigarettes and production of non-duty paid and counterfeit cigarettes in the country. Experts told this

Published 02 Apr, 2019 12:00am

International brands: Panel on tobacco taxation fails to come up with solid advice

The report by the Special Committee on Tobacco Taxation did not give any solid recommendation on measures to stop smuggling of international brands of cigarettes and production of non-duty paid and counterfeit cigarettes in the country. Experts told this

Published 02 Apr, 2019 12:00am

Currency

Mari Petroleum Company Limited

Mari Petroleum Company Limited (MPCL) has been operating the country's largest gas reservoir at Mari Gas Field, Daharki, Sindh. It is an integrated oil and gas exploration and production company, formerly known as Mari Gas Company Limited. MPCL is primari

Published 02 Apr, 2019 12:00am

Currency

Mari Petroleum Company Limited

Mari Petroleum Company Limited (MPCL) has been operating the country's largest gas reservoir at Mari Gas Field, Daharki, Sindh. It is an integrated oil and gas exploration and production company, formerly known as Mari Gas Company Limited. MPCL is primari

Published 02 Apr, 2019 12:00am

Solar Pakistan, Electricity Pakistan expos conclude

The three-day 8th Edition of Solar Pakistan and 2nd Edition of Electricity Pakistan were concluded the other day at Expo Centre Lahore. More than 100 exhibitors from over 10 countries participated in the event organized by FAKT Exhibitions, aimed at intro

Published 02 Apr, 2019 12:00am

First shelter home to be completed by June in Faisalabad

The first shelter home in the city is being constructed at General Bus Stand on available 4.3 kanals land for temporary accommodation of the passengers and other shelter less persons. This shelter home would be completed by the month of June having capaci

Published 02 Apr, 2019 12:00am

LCCI hails FBR for accepting demand

The Lahore Chamber of Commerce and Industry (LCCI) Monday hailed Federal Board of Revenue (FBR) for accepting its longstanding demand and issued notification for payment of refunds up to Rs 50,000 per year. LCCI President Almas Hyder said that stuck-up sa

Published 02 Apr, 2019 12:00am

Currency

Rupee hits record low: PIAF says depreciation won't enhance export

Pakistan Industrial and Traders Associations Front has warned that any further depreciation in rupee would not yield the desired impact on enhancing exports, if the cost of production does not get lower and equivalent to the competitors in the neighbourin

Published 02 Apr, 2019 12:00am

Cotton

Pakistan desired peace in region: Qureshi

Shah Mehmood Qureshi said on Monday that Pakistan did not want war with India as it desired peace in the region, adding that Pakistan also wanted to resolve all issues through dialogue. Addressing the 17th convocation of University of Management and Techn

Published 02 Apr, 2019 12:00am

Shahbaz phones Buzdar, condoles father's death

Opposition leader and the former Punjab Chief Minister, Shahbaz Sharif has made a telephonic contact with the sitting Chief Minister Sardar Usman Buzdar to express condolence over the demise of his father Sardar Fateh Muhammad Khan Buzdar, the Chief of Bu

Published 02 Apr, 2019 12:00am

Opposition united on EC members' appointment: Abbasi

Former prime minister and PML-N leader Shahid Khaqan Abbasi said on Monday that Opposition is united on the names of election commission members.

Published 02 Apr, 2019 12:00am

SMEDA to set up 1000 industrial stitching units under PSDP project

The Small and Medium Enterprises Development Authority (SMEDA) will set up 1000 industrial stitching units under different phases of the Public Sector Development Programme (PSDP) while it will establish 150 stitching units during next three years in the

Published 02 Apr, 2019 12:00am

Long-term plan needed to thwart water crisis: Wapda chief

Wapda Chairman Lieutenant-General Muzammil Hussain (retd) has said that sustainable long-term plan is needed to thwart the looming water crisis and improve the ratio of low-cost hydel electricity in Pakistan.

Published 02 Apr, 2019 12:00am

Partly Facetious: It's not about Imran Khan's personal life

"Change Khan means you don't do what your predecessors did."

Published 02 Apr, 2019 12:00am

Hubco increasing shareholding in CPHGC

Hub Power Company Limited (Hubco) has announced to issue 12.10 percent right shares at a price of Rs 50/share to finance its equity investment in China Power Hub Generation Company (CPHGC). The Company informed Pakistan Stock Exchange about its decision t

Published 02 Apr, 2019 12:00am

Business plan competition training launched at SAU

The Business Plan Competition Training has been launched by Business Incubation Center (BIC) of Sindh Agriculture University Tandojam in collaboration with Higher Education Commission of Pakistan with the support of Sindh Enterprise Development Fund (SEDF

Published 02 Apr, 2019 12:00am

Murtaza bashes PM over extreme dearness

Adviser to Chief Minister Sindh for Information & Archives Barrister Murtaza Wahab has said that Prime Minister Imran Khan deserve Nobel Prize for bringing Tsunami of price hike in the country. Addressing a press conference on Monday, the Provincial Advis

Published 02 Apr, 2019 12:00am

Contractual employees: SC decides to issue notices to petitioner, respondents

Supreme Court (SC) on Monday ordered to issue notices to petitioners and respondents in response to an appeal pertaining to high court's order to regularize the services of 47 contractual employees in Sui Southern Gas Company Limited (SSGCL).

Published 02 Apr, 2019 12:00am

Over 60 killed including cops in Q1: CPLC

Over 60 people, including policemen have been killed in first three months of current year in Karachi. A Citizen Police Liaison Committee (CPLC) report stated that 21 people lost their lives in January 2019 and 38 in February. However, CPLC has not cited

Published 02 Apr, 2019 12:00am

CM suspends Sukkur BISE exam controller

Sindh Chief Minister Syed Murad Ali Shah taking serious note of using un-fair means by students in the on-going matriculation examination in Sukkur region has placed the service of Controller of Examination of Sukkur Educational Board under suspension.

Published 02 Apr, 2019 12:00am

'Pakistan Auto Parts Show' at Expo Centre on April 12

Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) is going to organise "Pakistan Auto Parts Show" (PAPS), 2019 from April 12 to 14 at Karachi Expo Centre. According to details, PAPS 2019 will provide a platform to the stakehold

Published 02 Apr, 2019 12:00am

One neurologist for one million people in Pakistan: DUHS VC

Vice Chancellor of Dow University of Health Sciences (DUHS), Prof Mohammad Saeed Quraishy said that there is one neurologist for more than one million people in Pakistan, because at the present moment, the overall number of neurologists is 200.

Published 02 Apr, 2019 12:00am

Government urged to consider GCCI recommendations

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has emphasized the need that the government should consider the recommendations of Gwadar chamber of commerce and industry (GCCI) in order to attract investors in more than

Published 02 Apr, 2019 12:00am

Agreement signed to establish industrial stitching units through SMEDA

To boost the value addition in the field of textile garments by establishing industrial stitching units under public-private partnership, the Ministry of Commerce and Textile (Textile Division) and Small and Medium Enterprises Development Authority (SMEDA

Published 02 Apr, 2019 12:00am

Libor

All set to renew licences of cellular companies for 15 years

The federal government is all set to renew licences of cellular companies for another 15 years against millions of dollars fee, well informed sources told Business Recorder.

Published 02 Apr, 2019 12:00am

Ministry of Postal Services facing massive deficit

Ministry of Postal Services is facing massive deficit with only Rs 11 billion earning and more than Rs 22 billion spending while officials maintain that deficit is uncontrollable due to pension liability. A meeting of the National Assembly's Standing Comm

Published 02 Apr, 2019 12:00am

Payment of commutation amount of retired employees: Fawad asks PTV management to take steps

Senate Standing Committee on Human Rights Monday issued directives to Ministry of Information and Broadcasting and management of Pakistan Television (PTV) to take steps for payment of outstanding commutation amount of retired employees of the corporation.

Published 02 Apr, 2019 12:00am

IPL telecast may be banned: Cabinet may take decision today

The Cabinet which is scheduled to meet on Tuesday (today) is likely to impose a ban on the telecast of Indian Premier League (IPL) in a tit-for-tat to India, well informed sources told Business Recorder. Ministry of Information and Broadcasting, in

Published 02 Apr, 2019 12:00am

APNS's office bearers Felicitated

Asad Qaiser, Speaker and Qasim Khan Suri, Deputy Speaker National Assembly have congratulated the newly elected office bearers of the All Pakistan Newspapers Society (APNS).

Published 02 Apr, 2019 12:00am

Licence renewal policy for mobile operators to be unveiled: Siddiqui

Federal Minister for Information Technology and Telecommunication Dr Khalid Maqbool Siddiqui on Monday said that the government will unveil licence renewal policy for mobile operators to provide them a level playing field, besides attracting investment in

Published 02 Apr, 2019 12:00am

Business community rejects hike in POL prices

Business community has disapproved massive increase in petroleum products and urged the government to lower petroleum products (POL) prices in view of reduced oil prices at the international market. They said that as per government's own price mechanism o

Published 02 Apr, 2019 12:00am

Thar coal-fired power project to be inaugurated on April 10: Murad

Sindh Chief Minister Syed Murad Ali Shah on Monday presiding over a meeting has decided to organise formal inauguration ceremony of two Thar-Coal power projects, each one of 330 MW on 10th April. "This inauguration of power generation on Thar coal is hist

Published 02 Apr, 2019 12:00am

'Let Girls Learn' campaign: SHC seeks rejoinder in petition against Maryam Nawaz

Sindh High Court (SHC) Monday sought rejoinder from the petitioner against federal government's reply in a petition, accusing Maryam Nawaz, daughter of Prime Minister Nawaz Sharif of embezzlement of funds in "Let Girls Learn" campaign.

Published 02 Apr, 2019 12:00am

Several ministers back Jahangir Tareen

Internal fissures in Pakistan Tehreek-e-Insaf (PTI) were visible on the social media on Monday when several ministers backed Jahangir Tareen when Foreign Minister and the party's Vice Chairman Shah Mehmood Qureshi urged the former to refrain from attendin

Published 02 Apr, 2019 12:00am

SRB witnesses 7.67 percent revenue growth in March

Sindh Revenue Board (SRB) has witnessed 7.67 percent revenue growth in March as compared to the collection made during corresponding month last year. According to the SRB, the board has collected Rs9.251 billion in March 2019 as compared to the collection

Published 02 Apr, 2019 12:00am

Hot weather continues throughout Sindh

Weather continued to simmer districts of Sindh, as temperature scaled up to 44 degrees Celsius in Chhor and 40 in Karachi on Monday, the Met Office said. Mercury level is expected to drop a bit to 38 degrees Celsius with no threats of heat waves in the me

Published 02 Apr, 2019 12:00am

Political deadlock continues on appointment of two ECP members

The political deadlock on the appointment of two members of the Election Commission of Pakistan (ECP) continues with the election body incomplete for more than two months due to no 'meaningful' consultation between Prime Minister and leader of the opposit

Published 02 Apr, 2019 12:00am

PM's NA Question Hour: Ministers' absence delays amendment to Rules of Procedure & Conduct of Business

National Assembly Standing Committee on Rules of Procedure and Privileges has discussed the amendment regarding the process of Prime Minister's question hour in the house and invited both the federal and state ministers for parliamentary affairs to the ne

Published 02 Apr, 2019 12:00am

With Rs 5.8 billion loss, PTV needs effective business plan: Senate body informed

The Senate Functional Committee on Human Rights was informed on Monday that state-owned Pakistan Television (PTV) is currently running into financial losses to the tune of Rs 5.8 billion per annum. The committee, which met with Senator Dr Jehanzeb Jamaldi

Published 02 Apr, 2019 12:00am

Police ordered to remove barricade from D-Chowk

Chief Commissioner Islamabad Amir Ali Ahmed has said that directives will be issued to city police for removal of the barricade placed at D-Chowk within two days. "There is no reason to close D-Chowk for traffic and I will direct Deputy Inspector General

Published 02 Apr, 2019 12:00am

Sukhera calls on President

President Dr Arif Alvi has said that Federal Tax Ombudsman (FTO) has an important role towards the resolution of complaints of aggrieved against the decisions of tax collecting apparatus.

Published 02 Apr, 2019 12:00am

Deputy election commissioner in PCB: IHC reserves verdict

Islamabad High Court (IHC) Monday reserved its verdict over a petition challenging the appointment of deputy election commissioner in Pakistan Cricket Board (PCB). A single bench of IHC comprising Justice Miangul Hassan Aurangzeb heard the petition and re

Published 02 Apr, 2019 12:00am

PPP slams increase in petrol prices

Pakistan Peoples Party (PPP) has criticised the Pakistan Tehreek-e-Insaf (PTI) government over increase in prices of petroleum products and depreciation of rupee against dollar. PPP Parliamentary Leader in the Senate, Senator Sherry Rehman said, "Every ot

Published 02 Apr, 2019 12:00am

Senate body decides to control expenditures

Business Advisory Committee Monday decided to limit and control expenditures in line with the already adopted austerity policy of the Senate administration, but was of the view that the trichotomy of power as well as autonomy as provided in the Constituti

Published 02 Apr, 2019 12:00am

Currency

Country's economy

Adviser to the Prime Minister on Commerce, Textile, Industry, Production and Investment Abdul Razak Dawood is highly optimistic about country's economic prospects. He argues that the country's economy is moving towards a right direction and there is decli

Published 02 Apr, 2019 12:00am

Palestinians see little hope in Israeli elections

Tayseer Barakat is like many Palestinians when asked about the upcoming Israeli elections. He doesn't see much hope.

Published 02 Apr, 2019 12:00am

Golan and Palestine

The divided Arab leaders of the 22-country Arab League (AL) met in Tunis on March 31, 2019 to paper over the cracks in its membership and condemn unanimously the US decision to recognize Israel's annexation of Syria's Golan Heights. This annexation, flyin

Published 02 Apr, 2019 12:00am

Cotton

The deep and wide slowdown

The economy of Pakistan has experienced a sharp slowdown in its GDP growth rate in four out of the last eighteen years. These were the years 2000-01, 2001-02, 2008-09 and 2009-10. The first two years saw a severe drought which badly affected agriculture,

Published 02 Apr, 2019 12:00am

Golan annexation recognition

US President Donald Trump, with Israeli Prime Minister Benjamin Netanyahu looking on approvingly over his shoulder, signed a proclamation on March 25, 2019 recognising Israel's 1981 annexation of Syria's Golan Heights captured by Israel in the 1967 war. A

Updated 02 Apr, 2019 08:57am

The launching of ehsaas

Prime Minister Imran Khan launched his administration's poverty alleviation programme giving it the title of ehsaas (feeling) - a title that would be associated with the Pakistan Tehrik-i-Insaaf forever as Benazir Income Support Programme (BISP) remains a

Updated 02 Apr, 2019 09:05am

Asif fails to appear before NAB

Pakistan Muslim League-Nawaz (PML-N) leader Khawaja Muhammad Asif Monday failed to appear before the National Accountability Bureau (NAB) in connection with a case related to having assets beyond means. The NAB Rawalpindi had summoned former Defence Minis

Published 02 Apr, 2019 12:00am

Asif fails to appear before NAB

Pakistan Muslim League-Nawaz (PML-N) leader Khawaja Muhammad Asif Monday failed to appear before the National Accountability Bureau (NAB) in connection with a case related to having assets beyond means. The NAB Rawalpindi had summoned former Defence Minis

Published 02 Apr, 2019 12:00am

Qatar Investment Authority''s team meets PM

A delegation of Qatar Investment Authority (QIA) headed by Sheikh Faisal Bin Thani Al-Thani, Head of Regional Portfolios, called on Prime Minister Imran Khan at PM Office. Sheikh Faisal Bin Thani Al-Thani is head of Qatar Investment Department and Head of

Published 02 Apr, 2019 12:00am

Qatar Investment Authority's team meets PM

A delegation of Qatar Investment Authority (QIA) headed by Sheikh Faisal Bin Thani Al-Thani, Head of Regional Portfolios, called on Prime Minister Imran Khan at PM Office. Sheikh Faisal Bin Thani Al-Thani is head of Qatar Investment Department and Head of

Published 02 Apr, 2019 12:00am

Qatar Investment Authority's team meets PM

A delegation of Qatar Investment Authority (QIA) headed by Sheikh Faisal Bin Thani Al-Thani, Head of Regional Portfolios, called on Prime Minister Imran Khan at PM Office. Sheikh Faisal Bin Thani Al-Thani is head of Qatar Investment Department and Head of

Published 02 Apr, 2019 12:00am

Qatar urged to make investment in Gwadar''s industrial zone

Federal Minister for Planning, Development & Reform Makhdoom Khusro Bakhtyar Monday offered Qatar to invest in energy and infrastructure sectors and Gwadar Industrial Zone. Pakistan had huge potential for investment in tourism, energy and infrastructure s

Published 02 Apr, 2019 12:00am

Qatar urged to make investment in Gwadar's industrial zone

Federal Minister for Planning, Development & Reform Makhdoom Khusro Bakhtyar Monday offered Qatar to invest in energy and infrastructure sectors and Gwadar Industrial Zone. Pakistan had huge potential for investment in tourism, energy and infrastructure s

Published 02 Apr, 2019 12:00am

Qatar urged to make investment in Gwadar's industrial zone

Federal Minister for Planning, Development & Reform Makhdoom Khusro Bakhtyar Monday offered Qatar to invest in energy and infrastructure sectors and Gwadar Industrial Zone. Pakistan had huge potential for investment in tourism, energy and infrastructure s

Published 02 Apr, 2019 12:00am

Khalilzad returns to Kabul to speak with Afghan government

US special envoy Zalmay Khalilzad was in Kabul on Monday to meet with Afghan President Ashraf Ghani and other officials, as part of an ongoing drive to find a way out of Afghanistan's 17-year-old war. The Afghan-born US adviser said on Twitter he had spok

Published 02 Apr, 2019 12:00am

Khalilzad returns to Kabul to speak with Afghan government

US special envoy Zalmay Khalilzad was in Kabul on Monday to meet with Afghan President Ashraf Ghani and other officials, as part of an ongoing drive to find a way out of Afghanistan's 17-year-old war. The Afghan-born US adviser said on Twitter he had spok

Published 02 Apr, 2019 12:00am

Algeria's Bouteflika to resign before mandate ends

Algeria's Presi-dent Abdelaziz Bouteflika will resign before his mandate expires on April 28, his office said on Monday, after a succession of loyalists deserted the ailing leader in recent days. Bouteflika would take "steps to ensure state institutions c

Published 02 Apr, 2019 12:00am

Algeria's Bouteflika to resign before mandate ends

Algeria's Presi-dent Abdelaziz Bouteflika will resign before his mandate expires on April 28, his office said on Monday, after a succession of loyalists deserted the ailing leader in recent days. Bouteflika would take "steps to ensure state institutions c

Published 02 Apr, 2019 12:00am

UK MPs seek new path for Brexit after deal rejected again

British MPs will attempt to chart a new Brexit path on Monday after rejecting Prime Minister Theresa May's deal for a third time, leaving her strategy in tatters and the country in limbo. With less than two weeks to go until the day Britain risks crashing

Published 02 Apr, 2019 12:00am

UK MPs seek new path for Brexit after deal rejected again

British MPs will attempt to chart a new Brexit path on Monday after rejecting Prime Minister Theresa May's deal for a third time, leaving her strategy in tatters and the country in limbo. With less than two weeks to go until the day Britain risks crashing

Published 02 Apr, 2019 12:00am

Consumer food products: over 40 big consignments lying un-cleared at Karachi Port, PQ

Over 40 big consignments of consumer food products are lying un-cleared by customs authorities at Karachi Port and Port Qasim due to non-printing of ingredients of the food products on imported consumer packing. In this connection, the chief collector of

Published 02 Apr, 2019 12:00am

Consumer food products: over 40 big consignments lying un-cleared at Karachi Port, PQ

Over 40 big consignments of consumer food products are lying un-cleared by customs authorities at Karachi Port and Port Qasim due to non-printing of ingredients of the food products on imported consumer packing. In this connection, the chief collector of

Published 02 Apr, 2019 12:00am

Consumer food products: over 40 big consignments lying un-cleared at Karachi Port, PQ

Over 40 big consignments of consumer food products are lying un-cleared by customs authorities at Karachi Port and Port Qasim due to non-printing of ingredients of the food products on imported consumer packing. In this connection, the chief collector of

Published 02 Apr, 2019 12:00am

Qureshi says Tareen must not participate in official meetings

Foreign Minister Shah Mehmood Qureshi has expressed reservations over the Pakistan Tehreek-e-Insaf's disqualified leader Jahangir Tareen for his participation in official meetings. Talking to newsmen here on Monday, Qureshi said: "I would ask my brother [

Published 02 Apr, 2019 12:00am

Qureshi says Tareen must not participate in official meetings

Foreign Minister Shah Mehmood Qureshi has expressed reservations over the Pakistan Tehreek-e-Insaf's disqualified leader Jahangir Tareen for his participation in official meetings. Talking to newsmen here on Monday, Qureshi said: "I would ask my brother [

Published 02 Apr, 2019 12:00am

Catholic priests burn Harry Potter books in Poland

Catholic priests in Poland burned books they say are sacrilegious this weekend, including tomes from British author J.K. Rowling's Harry Potter series of fantasy novels.

Published 02 Apr, 2019 12:00am

Catholic priests burn Harry Potter books in Poland

Catholic priests in Poland burned books they say are sacrilegious this weekend, including tomes from British author J.K. Rowling's Harry Potter series of fantasy novels.

Published 02 Apr, 2019 12:00am

By F-16s or JF-17s, India can't deny downing of jets: ISPR

Pakistan Army has once again rejected Indian claims of shooting down a Pakistani F-16 and the use of F-16 in air battle on February 27. In a statement issued on Monday, the Inter-Services Public Relations said the event was part of history now. "No Pakist

Published 02 Apr, 2019 12:00am

By F-16s or JF-17s, India can't deny downing of jets: ISPR

Pakistan Army has once again rejected Indian claims of shooting down a Pakistani F-16 and the use of F-16 in air battle on February 27. In a statement issued on Monday, the Inter-Services Public Relations said the event was part of history now. "No Pakist

Published 02 Apr, 2019 12:00am

Facebook removes ''''fake'''' accounts linked to military

Facebook is removing 103 pages, groups and accounts linked to the media wing of Pakistan''''s military, the social media giant announced Monday, calling them "fake" accounts created to manipulate people. The statement by Facebook''''s head of cybersecurit

Published 02 Apr, 2019 12:00am

Facebook removes ''fake'' accounts linked to military

Facebook is removing 103 pages, groups and accounts linked to the media wing of Pakistan''s military, the social media giant announced Monday, calling them "fake" accounts created to manipulate people. The statement by Facebook''s head of cybersecurity po

Published 02 Apr, 2019 12:00am

Facebook removes 'fake' accounts linked to military

Facebook is removing 103 pages, groups and accounts linked to the media wing of Pakistan's military, the social media giant announced Monday, calling them "fake" accounts created to manipulate people. The statement by Facebook's head of cybersecurity poli

Published 02 Apr, 2019 12:00am

Facebook removes 'fake' accounts linked to military

Facebook is removing 103 pages, groups and accounts linked to the media wing of Pakistan's military, the social media giant announced Monday, calling them "fake" accounts created to manipulate people. The statement by Facebook's head of cybersecurity poli

Published 02 Apr, 2019 12:00am

APNS condolence

Sarmad Ali, Secretary General of the All Pakistan Newspapers Society has expressed profound grief on behalf of APNS office bearers and members of the Executive Committee over the sad demise of mother of Arshad Hussain Shirazi, Proprietor of Xposure Advert

Published 02 Apr, 2019 12:00am

Currency

Erdogan's AKP suffers upset in Turkey's two main cities

Turkish President Recep Tayyip Erdogan's ruling party suffered a major upset on Monday after local election results showed it lost the capital Ankara and Istanbul after a decade and half in power. Losing the country's two major cities would be a stunning

Published 02 Apr, 2019 12:00am

Currency

Erdogan's AKP suffers upset in Turkey's two main cities

Turkish President Recep Tayyip Erdogan's ruling party suffered a major upset on Monday after local election results showed it lost the capital Ankara and Istanbul after a decade and half in power. Losing the country's two major cities would be a stunning

Published 02 Apr, 2019 12:00am

POL price change implies downward adjustment in tax

The government''s decision not to raise rates by as much as recommended by Oil and Gas Regulatory Authority implies that there has been some downward adjustment in tax. Whether sales tax and/or petroleum levy has been adjusted downward would become clear

Published 02 Apr, 2019 12:00am

POL price change implies downward adjustment in tax

The government's decision not to raise rates by as much as recommended by Oil and Gas Regulatory Authority implies that there has been some downward adjustment in tax. Whether sales tax and/or petroleum levy has been adjusted downward would become clear a

Published 02 Apr, 2019 12:00am

POL price change implies downward adjustment in tax

The government's decision not to raise rates by as much as recommended by Oil and Gas Regulatory Authority implies that there has been some downward adjustment in tax. Whether sales tax and/or petroleum levy has been adjusted downward would become clear a

Published 02 Apr, 2019 12:00am

Zardari, son fail to submit replies to CIT

Co-Chairman Pakistan People's Party (PPP) Asif Ali Zardari and Chairman PPP Bilawal Bhutto Zardari have so far failed to submit replies to the questionnaires handed over to them by Combined Investig-ation Team (CIT) of National Accountability Bureau (NAB)

Published 02 Apr, 2019 12:00am

Zardari, son fail to submit replies to CIT

Co-Chairman Pakistan People's Party (PPP) Asif Ali Zardari and Chairman PPP Bilawal Bhutto Zardari have so far failed to submit replies to the questionnaires handed over to them by Combined Investig-ation Team (CIT) of National Accountability Bureau (NAB)

Published 02 Apr, 2019 12:00am

The Weather

The weather report on Monday (April 01, 2019) and the forecast for Tuesday (April 02, 2019).

Published 02 Apr, 2019 12:00am

CPI reaches 9.41 percent in March on YoY basis

The Consumer Price Index (CPI) on year-on-year (YoY) basis has reached 9.41 percent in March 2019 over March 2018, Pakistan Bureau of Statistic (PBS) said. According to PBS data, the CPI inflation from July-March 2018-19 has increased by 6.79 percent and

Published 02 Apr, 2019 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (April 01, 2019).

Published 02 Apr, 2019 12:00am

CPI reaches 9.41 percent in March on YoY basis

The Consumer Price Index (CPI) on year-on-year (YoY) basis has reached 9.41 percent in March 2019 over March 2018, Pakistan Bureau of Statistic (PBS) said. According to PBS data, the CPI inflation from July-March 2018-19 has increased by 6.79 percent and

Published 02 Apr, 2019 12:00am

LME official prices

The following were Friday official prices.

Published 02 Apr, 2019 12:00am

CPI reaches 9.41 percent in March on YoY basis

The Consumer Price Index (CPI) on year-on-year (YoY) basis has reached 9.41 percent in March 2019 over March 2018, Pakistan Bureau of Statistic (PBS) said. According to PBS data, the CPI inflation from July-March 2018-19 has increased by 6.79 percent and

Published 02 Apr, 2019 12:00am

LME official prices

The following were Friday official prices.

Published 02 Apr, 2019 12:00am

Umar briefed about Benami law implementation

Federal Board of Revenue (FBR) on Monday briefed Finance Minister Asad Umar on the implementation of the Benami law and future plan for analysis of Benami accounts information from State Bank of Pakistan (SBP). It is learnt that tax authorities informed A

Published 02 Apr, 2019 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (April 01, 2019).

Published 02 Apr, 2019 12:00am

Umar briefed about Benami law implementation

Federal Board of Revenue (FBR) on Monday briefed Finance Minister Asad Umar on the implementation of the Benami law and future plan for analysis of Benami accounts information from State Bank of Pakistan (SBP). It is learnt that tax authorities informed A

Published 02 Apr, 2019 12:00am

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Monday (April 01, 2019).

Published 02 Apr, 2019 12:00am

Umar briefed about Benami law implementation

Federal Board of Revenue (FBR) on Monday briefed Finance Minister Asad Umar on the implementation of the Benami law and future plan for analysis of Benami accounts information from State Bank of Pakistan (SBP). It is learnt that tax authorities informed A

Published 02 Apr, 2019 12:00am

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Monday (April 01, 2019).

Published 02 Apr, 2019 12:00am

Currency

''Regulations for EMIs'' launched: Government sees higher growth in last half of tenure

Finance Minister Asad Umar said on Monday the government would require minimum two years from now onward to handle the economic challenges in an effective and meaningful manner and the country will move on growth trajectory in the third year to provide re

Published 02 Apr, 2019 12:00am

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Monday (April 01, 2019).

Published 02 Apr, 2019 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 21	278.03
USD PKR Interbank Buying / Nov 21	277.78
USD to Japanese Yen / Nov 21	154.92
USD to Swiss Franc / Nov 21	0.88
Pound Sterling to USD / Nov 21	1.26
Euro to USD / Nov 21	1.05

Stock	Volume
S&P 500 / Nov 20	5,917.11
Nasdaq / Nov 20	18,966.14
Dow Jones / Nov 20	43,408.47
India Sensex / Nov 21	77,137.20
Tokyo Nikkei / Nov 21	38,026.17
Hang Seng / Nov 21	19,620.49
FTSE 100 / Nov 21	8,069.57
Germany DAX 30 / Nov 21	18,942.65

Item	Value
Petrol/Litre / Nov 21	248.38
Crude Oil USD/Barrel / Nov 21	69.38
Karachi Cotton PKR/37.32 KG / Nov 21	17,785
Gold 10 Grams PKR / Nov 21	238,340
Gold Spot USD/Ounce / Nov 21	2,662.71
Diesel/Litre / Nov 21	255.14

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▼ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▼ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▼ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 21 786 Investments Limited(786)	7.11 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 21 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▲ 0.00 (0.00%)
Agro Allianz / Nov 21 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 21 Ali Asghar Textile Mills Limited(AATM)	63.60 ▲ 0.00 (0.00%)
Allied Bank / Nov 21 Allied Bank Limited(ABL)	114.42 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 21 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▲ 0.00 (0.00%)
Abson Ind. / Nov 21 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 21 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 21 K-Electric Limited(KEL)	174,389,145 ▲ 0.00
Hascol Petrol / Nov 21 Hascol Petroleum Limited(HASCOL)	63,973,243 ▲ 0.00
Kohinoor Spining / Nov 21 Kohinoor Spinning Mills Limited(KOSM)	62,996,737 ▲ 0.00
Aisha Steel Mill / Nov 21 Aisha Steel Mills Limited(ASL)	48,137,561 ▲ 0.00
Waves Home Appliances / Nov 21 Waves Home Appliances Limited(WAVESAPP)	43,506,391 ▲ 0.00
Lotte Chemical / Nov 21 Lotte Chemical Pakistan Limited(LOTCHEM)	40,852,960 ▲ 0.00
Telecard Limited / Nov 21 Telecard Limited(TELE)	36,937,252 ▲ 0.00
Cnergyico PK / Nov 21 Cnergyico PK Limited(CNERGY)	31,401,025 ▲ 0.00
WorldCall Telecom / Nov 21 Worldcall Telecom Limited(WTL)	31,346,592 ▲ 0.00

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