News Archives for Print - 2019-04-21 - Business Recorder

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Print - 2019-04-21

PSDP 2019-20: GSP seeks Rs 3.6 million to explore coal fields in Sindh, Balochistan

PSDP 2019-20: GSP seeks Rs 3.6 million to explore coal fields in Sindh, Balochistan

The Geological Survey of Pakistan (GSP) has requested for an allocation of development fund under Public Sector Development Programme (PSDP) 2019-20 to explore coal fields in Sindh and Balochistan. The GSP demanded Rs 3.6 million to explore the extension

Published 21 Apr, 2019 12:00am

Political parties reject KP local government bill

Political parties reject KP local government bill

Provincial leaders of different political parties in Khyber Pakhtunkhwa have categorically rejected the proposed local government (amended) bill 2019 and warned that the provincial government for strong resistance and to move the court against any change

Published 21 Apr, 2019 12:00am

Delay in release of Karachi package fund irks MQM-P

Delay in release of Karachi package fund irks MQM-P

The delay in release of Rs162 billion development package for Karachi is irking Muttahida Qaumi Movement-Pakistan, an ally of Pakistan Tehreek-e-Insaf (PTI) government, and the party has demanded release of the amount at the earliest. "Ideally the amount

Published 21 Apr, 2019 12:00am

DJ Group to invest 500 million pounds in real estate sector

DJ Group to invest 500 million pounds in real estate sector

A major international property investment company has planned to invest 500 million pounds in Pakistan's real estate sector. After Islamabad, the London-based Daniel Johns Group will also venture into real estate development in Lahore and Gwadar and intro

Published 21 Apr, 2019 12:00am

Nephew of ex-PM, others booked for threatening NAB officials

Nephew of ex-PM, others booked for threatening NAB officials

Local police on Saturday registered a case against former Prime Minister Raja Pervez Ashraf's nephew and others for threatening to murder National Accountability Bureau (NAB) officials during the arrest of the former secretary water and power in Rental Po

Published 21 Apr, 2019 12:00am

Body of Chinese national recovered

Body of Chinese national recovered

Over eight cases of various kinds of thefts, including robbery and snatching at gunpoint, and seven cases of car lifting were reported to various police stations of the city during the last week. According to data gathered by Business Recorder here on Sat

Published 21 Apr, 2019 12:00am

Muhammad Ali Jinnah Hospital inaugurated in Kabul

Muhammad Ali Jinnah Hospital inaugurated in Kabul

Vice-President of Afghanistan, Mohammad Sarwar Danish as a Chief Guest graced the occasion in which Minister of State for Parliamentary Affairs, Ali Muhammad Khan and Afghan Minister of Public Health, Dr Ferozuddin Feroz jointly inaugurated Muhammad Ali J

Published 21 Apr, 2019 12:00am

Muhammad Ali Jinnah Hospital inaugurated in Kabul

Muhammad Ali Jinnah Hospital inaugurated in Kabul

Vice-President of Afghanistan, Mohammad Sarwar Danish as a Chief Guest graced the occasion in which Minister of State for Parliamentary Affairs, Ali Muhammad Khan and Afghan Minister of Public Health, Dr Ferozuddin Feroz jointly inaugurated Muhammad Ali J

Published 21 Apr, 2019 12:00am

Germany's Leica is latest to draw fire in China over ad

Germany's Leica is latest to draw fire in China over ad

German camera maker Leica has become the latest company to draw fire over an advertisement deemed offensive in China, distancing itself from a short film that broaches the taboo subject of the 1989 Tiananmen protest crackdown. A short promotional film rel

Published 21 Apr, 2019 12:00am

Germany's Leica is latest to draw fire in China over ad

Germany's Leica is latest to draw fire in China over ad

German camera maker Leica has become the latest company to draw fire over an advertisement deemed offensive in China, distancing itself from a short film that broaches the taboo subject of the 1989 Tiananmen protest crackdown. A short promotional film rel

Published 21 Apr, 2019 12:00am

Egyptians vote in referendum to extend Sisi's rule

Egyptians vote in referendum to extend Sisi's rule

Egyptians voted Saturday in a referendum that aims to cement the rule of President Abdel Fattah al-Sisi, the former coup leader who presents himself as a rock of stability in a turbulent region. Voters were being asked to back amendments to the constituti

Published 21 Apr, 2019 12:00am

Egyptians vote in referendum to extend Sisi's rule

Egyptians vote in referendum to extend Sisi's rule

Egyptians voted Saturday in a referendum that aims to cement the rule of President Abdel Fattah al-Sisi, the former coup leader who presents himself as a rock of stability in a turbulent region. Voters were being asked to back amendments to the constituti

Published 21 Apr, 2019 12:00am

FBR starts serving show-cause notices under Benami Act

FBR starts serving show-cause notices under Benami Act

The Federal Board of Revenue (FBR) has started serving show-cause notices under Benami Transaction (Prohibition), Act, 2017. According to sources, the Regional Tax Office (RTO)-II, Karachi has issued seven show-cause notices while Lahore and Islamabad tax

Published 21 Apr, 2019 12:00am

FBR starts serving show-cause notices under Benami Act

FBR starts serving show-cause notices under Benami Act

The Federal Board of Revenue (FBR) has started serving show-cause notices under Benami Transaction (Prohibition), Act, 2017. According to sources, the Regional Tax Office (RTO)-II, Karachi has issued seven show-cause notices while Lahore and Islamabad tax

Published 21 Apr, 2019 12:00am

FBR starts serving show-cause notices under Benami Act

FBR starts serving show-cause notices under Benami Act

The Federal Board of Revenue (FBR) has started serving show-cause notices under Benami Transaction (Prohibition), Act, 2017. According to sources, the Regional Tax Office (RTO)-II, Karachi has issued seven show-cause notices while Lahore and Islamabad tax

Published 21 Apr, 2019 12:00am

Economic crisis: PM praises Sheikh, asks him to work harder

Economic crisis: PM praises Sheikh, asks him to work harder

Prime Minister Imran Khan on Saturday directed his newly appointed Adviser on Finance and Economic Affairs Dr Abdul Hafiz Sheikh to chalk out policies that are aligned with the government's vision and priorities. The sources within the government told

Published 21 Apr, 2019 12:00am

Economic crisis: PM praises Sheikh, asks him to work harder

Prime Minister Imran Khan on Saturday directed his newly appointed Adviser on Finance and Economic Affairs Dr Abdul Hafiz Sheikh to chalk out policies that are aligned with the government's vision and priorities. The sources within the government told
Published 21 Apr, 2019 12:00am

Medium-term strategy paper by April 30: Budget not earlier than May 24: adviser

The newly-appointed Finance Adviser Dr Abdul Hafeez Sheikh Saturday said that talks with the International Monetary Fund (IMF) would be sped up for an expected bailout package, besides issuing directives for preparing medium-term strategy paper for the bu
Published 21 Apr, 2019 12:00am

Medium-term strategy paper by April 30: Budget not earlier than May 24: adviser

The newly-appointed Finance Adviser Dr Abdul Hafeez Sheikh Saturday said that talks with the International Monetary Fund (IMF) would be sped up for an expected bailout package, besides issuing directives for preparing medium-term strategy paper for the bu
Published 21 Apr, 2019 12:00am

Medium-term strategy paper by April 30: Budget not earlier than May 24: adviser

The newly-appointed Finance Adviser Dr Abdul Hafeez Sheikh Saturday said that talks with the International Monetary Fund (IMF) would be sped up for an expected bailout package, besides issuing directives for preparing medium-term strategy paper for the bu
Published 21 Apr, 2019 12:00am

Sheikh speaks to IMF mission chief to Pakistan

Advisor to Prime Minister on Finance, Revenue and Economic Affairs Dr Abdul Hafeez Shaikh held a telephonic discussion with, IMF Mission Chief to Pakistan Ernesto Ramirez-Rigo after talking with IMF Director Jihad Azour on Saturday. They discussed the pro
Published 21 Apr, 2019 12:00am

Sheikh speaks to IMF mission chief to Pakistan

Advisor to Prime Minister on Finance, Revenue and Economic Affairs Dr Abdul Hafeez Shaikh held a telephonic discussion with, IMF Mission Chief to Pakistan Ernesto Ramirez-Rigo after talking with IMF Director Jihad Azour on Saturday. They discussed the pro
Published 21 Apr, 2019 12:00am

Sheikh speaks to IMF mission chief to Pakistan

Advisor to Prime Minister on Finance, Revenue and Economic Affairs Dr Abdul Hafeez Shaikh held a telephonic discussion with, IMF Mission Chief to Pakistan Ernesto Ramirez-Rigo after talking with IMF Director Jihad Azour on Saturday. They discussed the pro
Published 21 Apr, 2019 12:00am

Afghan communications ministry attacked, seven killed

At least seven people were killed in an attack on the Afghan communications ministry in central Kabul on Saturday, breaking months of relative calm in the capital and underlining the continued security threats despite efforts to open peace talks with the
Published 21 Apr, 2019 12:00am

Afghan communications ministry attacked, seven killed

At least seven people were killed in an attack on the Afghan communications ministry in central Kabul on Saturday, breaking months of relative calm in the capital and underlining the continued security threats despite efforts to open peace talks with the
Published 21 Apr, 2019 12:00am

Ormara attack: Iran asked to take 'visible actions' against 'BRAS'

Ahead of Prime Minister Imran Khan's visit to Iran on Sunday (today), Islamabad urged Tehran to take 'visible actions' against Baloch terrorist organisations and their camps on its side soil involved in Ormara terror attack in which 14 personnel of Pakist
Published 21 Apr, 2019 12:00am

Ormara attack: Iran asked to take 'visible actions' against 'BRAS'

Ahead of Prime Minister Imran Khan's visit to Iran on Sunday (today), Islamabad urged Tehran to take 'visible actions' against Baloch terrorist organisations and their camps on its side soil involved in Ormara terror attack in which 14 personnel of Pakist
Published 21 Apr, 2019 12:00am

Three proposals for trade with Iran under study

Pakistan is reportedly considering three proposals for trade with Iran which include seeking waiver on sanctions from the US, barter trade and setting up a special bank, well-informed sources told Business Recorder. On April 12, 2019 Minister for F
Published 21 Apr, 2019 12:00am

Three proposals for trade with Iran under study

Pakistan is reportedly considering three proposals for trade with Iran which include seeking waiver on sanctions from the US, barter trade and setting up a special bank, well-informed sources told Business Recorder. On April 12, 2019 Minister for F
Published 21 Apr, 2019 12:00am

Three proposals for trade with Iran under study

Pakistan is reportedly considering three proposals for trade with Iran which include seeking waiver on sanctions from the US, barter trade and setting up a special bank, well-informed sources told Business Recorder. On April 12, 2019 Minister for F
Published 21 Apr, 2019 12:00am

India's top judge faces sexual harassment storm

India's top judge fought off a sexual harassment storm Saturday after a former Supreme Court staff member accused him of making unwanted advances and hounding her. Chief justice Ranjan Gogoi said the accusations made by a 35-year-old former court assistan
Published 21 Apr, 2019 12:00am

India's top judge faces sexual harassment storm

India's top judge fought off a sexual harassment storm Saturday after a former Supreme Court staff member accused him of making unwanted advances and hounding her. Chief justice Ranjan Gogoi said the accusations made by a 35-year-old former court assistan
Published 21 Apr, 2019 12:00am

Qureshi leaves for Japan on three-day visit

Foreign Minister Shah Mehmood Qureshi on Saturday left for Tokyo on a three-day official visit to hold wide-ranging talks with his Japanese counterpart on issues of mutual interests. Talking to media before his departure, Qureshi expressed the confidence
Published 21 Apr, 2019 12:00am

Qureshi leaves for Japan on three-day visit

Foreign Minister Shah Mehmood Qureshi on Saturday left for Tokyo on a three-day official visit to hold wide-ranging talks with his Japanese counterpart on issues of mutual interests. Talking to media before his departure, Qureshi expressed the confidence
Published 21 Apr, 2019 12:00am

Court remands Shahid Rafi in NAB custody till April 22

An accountability court on Saturday handed over former federal secretary Shahid Rafi to the National Accountability Bureau (NAB) on physical remand until April 22 (Monday) in a rental power case. NAB officials produced the arrested accused before the acco
Published 21 Apr, 2019 12:00am

Court remands Shahid Rafi in NAB custody till April 22

An accountability court on Saturday handed over former federal secretary Shahid Rafi to the National Accountability Bureau (NAB) on physical remand until April 22 (Monday) in a rental power case. NAB officials produced the arrested accused before the acco
Published 21 Apr, 2019 12:00am

Anti-Haftar forces near Libya capital launch counter-attack

Forces loyal to Libya's unity government said Saturday they have launched a counter-attack against strongman Khalifa Haftar's fighters just south of the capital Tripoli. "We have launched a new phase of attack. Orders were given early this morning to adva
Published 21 Apr, 2019 12:00am

Anti-Haftar forces near Libya capital launch counter-attack

Forces loyal to Libya's unity government said Saturday they have launched a counter-attack against strongman Khalifa Haftar's fighters just south of the capital Tripoli. "We have launched a new phase of attack. Orders were given early this morning to adva
Published 21 Apr, 2019 12:00am

IDA to share 80 percent cost of Yellow Line BRT worth Rs 65.698 billion

International Development Association (IDA) - an organ of World Bank (WB) will share 80 percent cost of Yellow Line Bus Rapid Transit (BRT) in Karachi, which would be developed at the total cost of Rs 65.698 billion. According to Concept Clearance Proposa
Published 21 Apr, 2019 12:00am

IDA to share 80 percent cost of Yellow Line BRT worth Rs 65.698 billion

International Development Association (IDA) - an organ of World Bank (WB) will share 80 percent cost of Yellow Line Bus Rapid Transit (BRT) in Karachi, which would be developed at the total cost of Rs 65.698 billion. According to Concept Clearance Proposa
Published 21 Apr, 2019 12:00am

IDA to share 80 percent cost of Yellow Line BRT worth Rs 65.698 billion

International Development Association (IDA) - an organ of World Bank (WB) will share 80 percent cost of Yellow Line Bus Rapid Transit (BRT) in Karachi, which would be developed at the total cost of Rs 65.698 billion. According to Concept Clearance Proposa
Published 21 Apr, 2019 12:00am

Net new instead of burdening existing taxpayers, PM advised

Economic/ fiscal experts Saturday advised Prime Minister Imran Khan that enforcement by the Federal Board of Revenue (FBR) should be the top priority of the government to increase the number of taxpayers instead of burdening the existing taxpayers. Source
Published 21 Apr, 2019 12:00am

Net new instead of burdening existing taxpayers, PM advised

Economic/ fiscal experts Saturday advised Prime Minister Imran Khan that enforcement by the Federal Board of Revenue (FBR) should be the top priority of the government to increase the number of taxpayers instead of burdening the existing taxpayers. Source
Published 21 Apr, 2019 12:00am

Net new instead of burdening existing taxpayers, PM advised

Economic/ fiscal experts Saturday advised Prime Minister Imran Khan that enforcement by the Federal Board of Revenue (FBR) should be the top priority of the government to increase the number of taxpayers instead of burdening the existing taxpayers. Source
Published 21 Apr, 2019 12:00am

Cell phone recharge: SC bench to take up tax suspension issue tomorrow

A three-judge bench headed by Chief Justice Asif Saeed Khan Khosa will take up tomorrow (Monday) the issue of suspension of high tax/other charges by mobile phone companies on cell phone recharge. The federal and the provincial governments opposed the Sup
Published 21 Apr, 2019 12:00am

Cell phone recharge: SC bench to take up tax suspension issue tomorrow

A three-judge bench headed by Chief Justice Asif Saeed Khan Khosa will take up tomorrow (Monday) the issue of suspension of high tax/other charges by mobile phone companies on cell phone recharge. The federal and the provincial governments opposed the Sup
Published 21 Apr, 2019 12:00am

Cell phone recharge: SC bench to take up tax suspension issue tomorrow

A three-judge bench headed by Chief Justice Asif Saeed Khan Khosa will take up tomorrow (Monday) the issue of suspension of high tax/other charges by mobile phone companies on cell phone recharge. The federal and the provincial governments opposed the Sup
Published 21 Apr, 2019 12:00am

Almost 60 regime fighters killed across Syria

Jihadists have killed almost 60 Syrian regime fighters in 48 hours, a monitor said Saturday, in some of the deadliest attacks on pro-Damascus forces in recent weeks. Kurdish-led forces in March announced the defeat of the Islamic State group's "caliphate"
Published 21 Apr, 2019 12:00am

Almost 60 regime fighters killed across Syria

Jihadists have killed almost 60 Syrian regime fighters in 48 hours, a monitor said Saturday, in some of the deadliest attacks on pro-Damascus forces in recent weeks. Kurdish-led forces in March announced the defeat of the Islamic State group's "caliphate"
Published 21 Apr, 2019 12:00am

SECP working with PSX to introduce exchange for SMEs

Securities and Exchange Commission of Pakistan (SECP) Chairman Farrukh H Sabzwari has said that the SECP is working closely with Pakistan Stock Exchange (PSX) for introducing small and medium enterprises exchange. Sabzwari, a strong advocate of a progress
Published 21 Apr, 2019 12:00am

SECP working with PSX to introduce exchange for SMEs

Securities and Exchange Commission of Pakistan (SECP) Chairman Farrukh H Sabzwari has said that the SECP is working closely with Pakistan Stock Exchange (PSX) for introducing small and medium enterprises exchange. Sabzwari, a strong advocate of a progress
Published 21 Apr, 2019 12:00am

SECP working with PSX to introduce exchange for SMEs

Securities and Exchange Commission of Pakistan (SECP) Chairman Farrukh H Sabzwari has said that the SECP is working closely with Pakistan Stock Exchange (PSX) for introducing small and medium enterprises exchange. Sabzwari, a strong advocate of a progress
Published 21 Apr, 2019 12:00am

SEZs under CPEC to help attract FDI: Ishrat

The Advisor to the Prime Minister Dr Ishrat Hussain has said that Special Economic Zones (SEZs) under CPEC are expected to play important role in attracting FDI in Pakistan. He was speaking at an event organized by VIS Credit Rating Company (VIS) in colla
Published 21 Apr, 2019 12:00am

SEZs under CPEC to help attract FDI: Ishrat

The Advisor to the Prime Minister Dr Ishrat Hussain has said that Special Economic Zones (SEZs) under CPEC are expected to play important role in attracting FDI in Pakistan. He was speaking at an event organized by VIS Credit Rating Company (VIS) in colla
Published 21 Apr, 2019 12:00am

SEZs under CPEC to help attract FDI: Ishrat

The Advisor to the Prime Minister Dr Ishrat Hussain has said that Special Economic Zones (SEZs) under CPEC are expected to play important role in attracting FDI in Pakistan. He was speaking at an event organized by VIS Credit Rating Company (VIS) in colla
Published 21 Apr, 2019 12:00am

London climate protest arrests top 700

The Extinction Rebellion environmental protests in London rumbled on into a sixth day Saturday as the total number of arrests hit 718. Demonstrators were continuing to block Waterloo Bridge in the city and the central Oxford Circus junction despite the re
Published 21 Apr, 2019 12:00am

London climate protest arrests top 700

The Extinction Rebellion environmental protests in London rumbled on into a sixth day Saturday as the total number of arrests hit 718. Demonstrators were continuing to block Waterloo Bridge in the city and the central Oxford Circus junction despite the re
Published 21 Apr, 2019 12:00am

Give provinces what is outstanding

The transfer of 19 more departments from Federal control to the provinces under the 18th Amendment, reportedly proposed by the Task Force on Institutional Reforms, should have taken place long time back. This was a constitutional dictate, warranting unque
Updated 22 Apr, 2019 07:19am

Suspension of Afghan peace talks

Who should sit on the other side of the negotiating table at Doha, the Taliban say it's for them to choose - an aversion that has led to suspension of much-awaited intra-Afghan dialogue hosted by Qatar. An earlier end to the generations-old Afghan war is
Updated 22 Apr, 2019 07:21am

Currency
Dream over?

The cabinet has been reshuffled, and the champions of status quo are in full swing. The day the cabinet was formed and CMs of Punjab and KPK were announced, those who were hoping for a 'Naya Pakistan' got disgruntled, and waited for changes in right direc
Published 21 Apr, 2019 12:00am

Coming soon to China: the car of the future

Global automakers are positioning for a brave new world of on-demand transport that will require a car of the future - hyper-connected, autonomous, and shared - and China may become the concept's laboratory.
Published 21 Apr, 2019 12:00am

Indonesia's 'smooth' polls a beacon in sea of strongmen

Indonesia pulled off a complex yet peaceful election across its vast - and ethnically diverse - island territory this week, cementing its place as a democratic beacon in a sea of authoritarian governments, analysts say.
Published 21 Apr, 2019 12:00am

Mueller probe over, but little chance for US-Russia reconciliation

A long-awaited US probe on Russian election meddling has divided Washington but on one point virtually all US policymakers are clear - there will be no reconciliation with Moscow.
Published 21 Apr, 2019 12:00am

It's not cricket, PM

That the PTI government is still learning the ropes is a fact. Its lack of experience has however immensely harmed the state of economy in the country. Higher inflation, battered rupee and what not. The prime minister's assertion that it is only a "battin
Published 21 Apr, 2019 12:00am

Punjab to have Nutrition & Population Centre

Government of Punjab attaches high priority to Nutrition and Population sectors and has undertaken a number of immediate interventions and formulated a long-term action plan. Source in the Planning and development has disclosed.
Published 21 Apr, 2019 12:00am

ML-1 project to provide 150,000 jobs: Sheikh Rashid

Federal Minister for Railways Sheikh Rashid has said that China-Pakistan Economic Corridor is the backbone of Pakistan and the Main Line One (ML1) project will provide around 150,000 job opportunities to the common people of Pakistan
Published 21 Apr, 2019 12:00am

Sundar Expo kicks off at Expo Centre

The 2nd Sundar Industrial Expo being organized by the Board of Management of Sundar Industrial Estate (BOM-SIE) has been commenced here at the Expo Centre on Saturday. Minister Industries, Commerce, Investment and Skill Development Mian Aslam Iqbal inaugu
Published 21 Apr, 2019 12:00am

Anti-polio drive begins in Faisalabad

The next National Anti Polio campaign would start from 22nd April and more than 1.180 million children of five years age would be administered polio vaccine drops in the district during this campaign for which total number of 3298 teams of health departme
Published 21 Apr, 2019 12:00am

Saarc Chamber chief highlights S Asia's trade potential

President SAARC Chamber of Commerce and Industry Ruwan Edirisinghe on Saturday said South Asia has tremendous trade potential, which needs to be tapped for greater economic integration by fully exploiting all indigenous natural resources to make the regio
Published 21 Apr, 2019 12:00am

Prices of essential kitchen items increased ahead of Ramazan

Prices of the essential kitchen items witnessed another increase during this week past as compared to preceding week, a survey conducted by Business Recorder revealed here on Saturday. The survey observed that just before two weeks of the arrival o
Published 21 Apr, 2019 12:00am

Christians celebrate Easter today

Christians all over the world including Pakistan are celebrating Easter with zeal and enthusiasm on Sunday (today). Special prayers will be organised at churches across the country for the progress, prosperity and security of Pakistan. Law enforcing agenc
Published 21 Apr, 2019 12:00am

Punjab LG bill to be tabled in PA on April 22: minister

Provincial Minister for Law, Parliamentary Affairs and Local Government Raja Basharat has said that upcoming session of Punjab Assembly commencing from Monday would contain great importance with respect to new five bills and couple of ordinances. The most
Published 21 Apr, 2019 12:00am

Buzdar reviews infrastructure development programme

Punjab Chief Minister Sardar Usman Buzdar presided over a meeting to review progress on the infrastructure development, especially the construction and repair of roads. The meeting held at the CM Officer on Saturday where the proposed programme of infrast
Published 21 Apr, 2019 12:00am

Money laundering case: ATC permits FIA to inquire at banks, KKF offices

An anti-terrorism court in Karachi, hearing Khidmat-e-Khalq Foundation (KKF) money laundering case, on Saturday granted FIA to investigate at banks and the KKF offices.
Published 21 Apr, 2019 12:00am

Sindh government extends financial incentive to mining companies working in Thar

The Thar Coal & Energy Board (TCEB) has extended the applicability of financial incentive of 20 percent dollar-based equity Internal Rate of Return (IRR) to all coal mining companies working in Thar Coalfield who can achieve financial close till 31st Dece
Published 21 Apr, 2019 12:00am

Islamic banking financing, net assets show growing trend

Financing and related assets (net) of Islamic banking industry continued their growing trend and reflected a yearly growth of 25 percent during the last calendar year (CY18). Financing and related assets (net) of Islamic banking industry surged by Rs304 b
Published 21 Apr, 2019 12:00am

Students excel in field of STEM-Robotics programme

Pakistani young students have excelled in the field of STEM-Robotics programme, exploring robotics through a combination of science, technology, engineering and math at an autonomous Robot Programming-NASCON 2019 held here on Saturday.
Published 21 Apr, 2019 12:00am

KE highlights new connection policies at IAPEX 2019

K-Electric (KE) is highlighting its energy conservation initiatives and new connection policies at the 2019 IAPEX Building Materials Exhibition & Conference, organised by the Institute of Architects Pakistan (IAP) from April 19th - 21st at the Expo Centre
Published 21 Apr, 2019 12:00am

NAB may have deputy chairman

Chairman National Accountability Bureau (NAB) former Justice Javed Iqbal Saturday forwarded a summary to President Dr Arif Alvi seeking recommendation to appoint Hussain Asghar as deputy chairman of the Bureau.
Published 21 Apr, 2019 12:00am

Condolence

President Hameed Haroon and Secretary General Sarmad Ali of APNS have expressed their profound grief over the sad demise of mother of Syed Sarfraz Hussain Shah and Syed Sajjad Hussain Shah publisher daily Kainat Karachi, Daily The Finance Karachi and Dail
Published 21 Apr, 2019 12:00am

PTI fails to bring real change: PDP

Pasban Democratic Party (PDP) Chairman Altaf Shakoor has said that after PPP and PML-N, now the PTI has also failed to bring a real change in society and the educated voters are getting disappointed with turncoat politics.
Published 21 Apr, 2019 12:00am

APNS hails appointment of Firdous Awan

President Hameed Haroon and Secretary General Sarmad Ali of the All Pakistan Newspapers Society (APNS) Saturday welcomed the appointment of Dr. Firdous Ashiq Awan as Special Assistant on Information and Broadcasting, Government of Pakistan and hoped that
Published 21 Apr, 2019 12:00am

FO issues advisory on Libya situation

"We are closely following the evolving situation in Libya. The Ministry of Foreign Affairs is in constant contact with our Mission in Tripoli with regard to the safety and security of Pakistani nationals," according to a notification issued by Crisis Mana
Published 21 Apr, 2019 12:00am

Cabinet reshuffle may lead to presidential form of government: Mir

Senator, Prof Sajid Mir, Chief of Jamiat Ahle Hadith, on Saturday termed the Federal Cabinet reshuffle as an 'invisible' mindset that intends to introduce presidential form of government but warned that any such adventurism may wreck havoc on the national
Published 21 Apr, 2019 12:00am

Ishrat Husain discusses socioeconomic issues

The Institute of Business Administration (IBA), Karachi organised a distinguished lecture series by the Adviser to the Prime Minister on Institutional Reforms and Austerity, Dr Ishrat Husain, on his recently co-authored book, The Economy of Modern Sindh a
Published 21 Apr, 2019 12:00am

UBG hails Hafeez Shaikh's appointment

Patron-in-Chief of United Business Group (UBG), S M Muneer, Chairman Iftikhar Ali Malik, Secretary General Zubair Tuifal and spokesman Gulzar Feroz have welcomed the appointment of Dr Abdul Hafeez Shaikh as Advisor to the Prime Minister on Finance with th
Published 21 Apr, 2019 12:00am

American arrested for death threats to Democratic lawmakers

Police arrested a Florida man on Friday on suspicion of threatening to kill three Democratic lawmakers and expressing his hatred for controversial Muslim Congresswoman Ilhan Omar, prosecutors said.
Published 21 Apr, 2019 12:00am

Kosovo repatriates 110 citizens from Syria

Kosovo on Saturday repatriated 110 of its citizens from Syria, mostly mothers with their children having followed their partners who went to join fighter groups in the war-torn country. The group also included four men suspected of having fought for the I
Published 21 Apr, 2019 12:00am

As comedian eyes presidency, Ukraine braces for uncertain future

Ukraine readied Saturday for a change in leadership as a young comedian appeared set to crush his incumbent rival in presidential polls, delivering a stinging rebuke to the old elite. The 41-year-old TV star Volodymyr Zelensky's bid to lead Ukraine began
Published 21 Apr, 2019 12:00am

Top regional officials in Iraq for symbolic summit

Top officials from Iraq's six neighbours gathered in its capital Saturday for a symbolic summit showcasing Baghdad's aspirations as a regional mediator, but which otherwise produced no tangible outcome. The one-day roundtable brought together countries fi
Published 21 Apr, 2019 12:00am

Vietnam police seize a tonne of meth stashed in loudspeakers

Police in southern Vietnam have seized more than a tonne of methamphetamine after uncovering a smuggling operation involving at least two Taiwanese nationals and a Vietnamese man, the third massive bust in a week in the communist state. Officers discovere
Published 21 Apr, 2019 12:00am

FAA sets multi-nation review of Boeing's troubled Max planes

The US Federal Aviation Administration is planning what it calls a comprehensive multi-nation review of the control systems of the Boeing 737 Max airliner to include experts from nine civil aviation authorities. The review is to begin April 29 and is expe
Published 21 Apr, 2019 12:00am

IMF approves $118.2 million rapid credit for Mozambique

The International Monetary Fund board on Friday approved an $118.2 million credit that will be rushed out for cyclone-devastated Mozambique to help with the recovery efforts.
Published 21 Apr, 2019 12:00am

Currency
Big corporates back crypto 'plumbing' despite currency caution

Major finance and tech firms are pouring money into startups building technology to develop the crypto market, even though they're steering clear of the volatile currencies themselves. Venture capital investments in crypto and blockchain startups that inc
Published 21 Apr, 2019 12:00am

Currency
State FX purchases push Russian rouble lower

The Russian rouble weakened slightly on Friday, under pressure from buying of forex for state reserves in a market subdued by Easter holidays in many countries, but local tax payments offered some support. At 0825 GMT, the rouble was 0.07 percent weaker a
Published 21 Apr, 2019 12:00am

Currency
Czech crown seen up amid euro uncertainty in CEE markets

The crown is expected to strengthen by 2 percent versus the euro in the coming year if the Czech central bank (CNB) continues to increase interest rates to fight inflation, according to a Reuters poll of analysts. That is the only meaningful gain projecte
Published 21 Apr, 2019 12:00am

Currency
African currencies week ahead: most African currencies seen under pressure, Nigeria's naira stable

Kenyan, Tanzanian and Zambian currencies are likely to come under pressure against the US dollar next week but Nigeria's is seen stable.
Published 21 Apr, 2019 12:00am

China further relaxes rules for index futures trading

China's financial futures exchange said on Friday it was further relaxing index futures trading rules, reducing margin requirements, cutting fees and allowing more trading activities. The China Financial Futures Exchange said in a statement the rule chang
Published 21 Apr, 2019 12:00am

Turkey-focused gas firm Valeura to list on London bourse

Canada-listed, Turkey-focused gas firm Valeura said on Wednesday it expects its shares to start trading on the London Stock Exchange in a non-dilutive secondary listing next week, a move it had flagged before. Valeura is testing onshore gas resources in T
Published 21 Apr, 2019 12:00am

AI-assisted stock trading venue plans to use the technology for bigger trades

Imperative Execution, a startup electronic stock trading venue operator, has found early success using artificial intelligence (AI) to reduce price movements after trades, and now it plans to use the technology to help brokers get larger trades done.
Published 21 Apr, 2019 12:00am

Previous Day

Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / Feb 14

279.27

USD PKR Interbank Buying / Feb 14

279.07

USD to Japanese Yen / Feb 14

152.31

USD to Swiss Franc / Feb 14

0.90

Pound Sterling to USD / Feb 14

1.26

Euro to USD / Feb 14

1.05

UK LIBOR % / Feb 14

4.96

Stock Volume

S&P 500 / Feb 14

6,114.63

India Sensex / Feb 14

75,939.21

Tokyo Nikkei / Feb 14

39,149.43

Nasdaq / Feb 14

20,026.77

Hang Seng / Feb 14

22,620.33

FTSE 100 / Feb 14

8,732.46

Dow Jones / Feb 14

44,546.08

Germany DAX 30 / Feb 14

22,513.42

France CAC40 / Feb 14

8,178.54

Item Value

Crude Oil USD/Barrel / Feb 14

70.74

Karachi Cotton PKR/37.32 KG / Feb 14

17,785

Gold 10 Grams PKR / Feb 14

262,517

Gold Spot USD/Ounce / Feb 14

2,882.53

Cotton US¢/pound / Feb 14

68.31

Petrol/Litre / Feb 16

256.13

Diesel/Litre / Feb 16

263.95

Gainers
Losers
Leaders

Stock Price

At-Tahur Ltd. / Feb 14

At-Tahur Limited(PREMA)

35.26

▲ 3.21 (10.02%)

Saritow Spinning / Feb 14

Saritow Spinning Mills Limited(SSML)

23.84

▲ 2.17 (10.01%)

Leather Up Ltd. / Feb 14

Leather Up Limited(LEUL)

38.02

▲ 3.46 (10.01%)

Lucky Cement / Feb 14

Lucky Cement Limited(LUCK)

1,366.37

▲ 124.22 (10%)

Suhail Jute / Feb 14

Suhail Jute Mills Limited(SUHJ)

108.35

▲ 9.85 (10%)

Agriautos Ind. / Feb 14

Agriauto Industries Limited(AGIL)

115.49

▲ 10.5 (10%)

Mandviwala / Feb 14

Mandviwala Mauser Plastic Industries(MWMP)

20.48

▲ 1.86 (9.99%)

Sindh Abadgar / Feb 14

Sindh Abadgar's Sugar Mills Limited(SASML)

50.08

▲ 4.55 (9.99%)

Popular Islamic / Feb 14

Popular Islamic Modaraba(PIM)

12.37

▲ 1.04 (9.18%)

F.Credit & Inv / Feb 14

First Credit and Investment Bank Limited(FCIBL)

8.39

▲ 0.7 (9.1%)

Stock Price

Dewan Textile / Feb 14

Dewan Textile Mills Limited(DWTM)

6.80

▼ -0.99 (-12.71%)

TPL Trakker Ltd / Feb 14

TPL Trakker Limited(TPLT)

7.55

▼ -0.93 (-10.97%)

I.C.C. Ind. / Feb 14

ICC Industries Limited(ICCI)

10.77

▼ -1.2 (-10.03%)

Redco Textile / Feb 14

Redco Textiles Limited(REDCO)

22.60

▼ -2.51 (-10%)

Engro Powergen / Feb 14

Engro Powergen Qadirpur Limited(EPQL)

25.78

▼ -2.86 (-9.99%)

D.M. Textile / Feb 14

D.M. Textile Mills Limited(DMTX)

63

▼ -6.99 (-9.99%)

Universal Ins. / Feb 14

The Universal Insurance Company Limited(UVIC)

12.91

▼ -1.43 (-9.97%)

Sakrand Sugar / Feb 14

Sakrand Sugar Mills Limited(SKRS)

12.11

▼ -1.34 (-9.96%)

Idrees Tex. / Feb 14

Idrees Textile Mills Limited(IDRT)

12.81

▼ -1.41 (-9.92%)

Sui South Gas / Feb 14

Sui Southern Gas Company Limited(SSGC)

32.68

▼ -3.56 (-9.82%)

Stock Volume

B.O.Punjab / Feb 14

The Bank of Punjab(BOP)

79,317,612

▼ -0.66

Lotte Chemical / Feb 14

Lotte Chemical Pakistan Limited(LOTCHEM)

72,104,503

▼ -1.12

Power Cement / Feb 14

Power Cement Limited(POWER)

40,290,839

▼ -0.18

Sui South Gas / Feb 14

Sui Southern Gas Company Limited(SSGC)

32,711,461

▼ -3.56

Hascol Petrol / Feb 14

Hascol Petroleum Limited(HASCOL)

31,600,150

▼ -0.41

Dewan Motors / Feb 14

Dewan Farooque Motors Limited(DFML)

31,281,602

▼ -2.6

Cnergyico PK / Feb 14

Cnergyico PK Limited(CNERGY)

20,508,125

▼ -0.25

Fauji Foods Ltd / Feb 14

Fauji Foods Limited(FFL)

20,173,357

▼ -0.24

Fauji Cement / Feb 14

Fauji Cement Company Limited(FCCL)

16,904,777

▼ -1.09

WorldCall Telecom / Feb 14

Worldcall Telecom Limited(WTL)

16,467,161

▼ -0.04

Markets →

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Solar panel imports: 80 companies transferred around Rs106bn abroad: FBR

Punjab CM announces free 3-marla plots of land for the poor

PIA financial closure deadline shortened by 4 months

Askari Bank’s Zia Ijaz gets FPT clearance from State Bank

ECC endorses purchase of $582mn capital shares in BRICS’s New Development Bank

New power projects: Govt removes FSA guarantee requirement

The curious case of Onijah Andrew Robinson

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