News Archives for Print - 2019-04-24

Tribal districts: Parliamentary panel resents continued collection of taxes

A parliamentary panel on Tuesday expressed resentment over continued collection of various taxes in the tribal districts despite a commitment made with the people that the erstwhile FATA will be exempted from taxation for five years.

Published 24 Apr, 2019 12:00am

Nandipur scam: NAB prosecutor says accused advancing 'same arguments'

National Accountability Bureau (NAB) prosecutor on Tuesday told the Accountability Court hearing the Nandipur power project scam that instead of informing the court why a summary regarding the project had not been approved, accused Babar Awan has again re

Published 24 Apr, 2019 12:00am

Nandipur scam: NAB prosecutor says accused advancing 'same arguments'

National Accountability Bureau (NAB) prosecutor on Tuesday told the Accountability Court hearing the Nandipur power project scam that instead of informing the court why a summary regarding the project had not been approved, accused Babar Awan has again re

Published 24 Apr, 2019 12:00am

Management: SBP amends PR G-1

The State Bank of Pakistan (SBP) Tuesday announced amendment to Prudential Regulations G-1, regarding management as notified vide BPRD Circular Letter No. 12 dated April 24, 2009. The SBP has decided to substitute Para C-3 of the Prudential Regulations G-

Published 24 Apr, 2019 12:00am

Management: SBP amends PR G-1

The State Bank of Pakistan (SBP) Tuesday announced amendment to Prudential Regulations G-1, regarding management as notified vide BPRD Circular Letter No. 12 dated April 24, 2009. The SBP has decided to substitute Para C-3 of the Prudential Regulations G-

Published 24 Apr, 2019 12:00am

Management: SBP amends PR G-1

The State Bank of Pakistan (SBP) Tuesday announced amendment to Prudential Regulations G-1, regarding management as notified vide BPRD Circular Letter No. 12 dated April 24, 2009. The SBP has decided to substitute Para C-3 of the Prudential Regulations G-

Published 24 Apr, 2019 12:00am

Bilawal describes PM as 'ghost employee'

Chairman Pakistan People's Party Bilawal Bhutto Zardari on Tuesday criticised Prime Minister Imran Khan for "withdrawing salary" without attending the National Assembly's sessions. Speaking to media persons in the Parliament House, he said the Prime Minis

Published 24 Apr, 2019 12:00am

Bilawal describes PM as 'ghost employee'

Chairman Pakistan People's Party Bilawal Bhutto Zardari on Tuesday criticised Prime Minister Imran Khan for "withdrawing salary" without attending the National Assembly's sessions. Speaking to media persons in the Parliament House, he said the Prime Minis

Published 24 Apr, 2019 12:00am

Mutual Funds

Ease of doing business, investor protection: SECP cuts overregulation, introduces reforms

The SECP has been extensively engaged in the implementation of a vibrant and broad-based reform agenda for Pakistan's capital market. The recent multifaceted reform priorities have focused on facilitating ease of doing business, investor protection, marke

Published 24 Apr, 2019 12:00am

Mutual Funds

Ease of doing business, investor protection: SECP cuts overregulation, introduces reforms

The SECP has been extensively engaged in the implementation of a vibrant and broad-based reform agenda for Pakistan's capital market. The recent multifaceted reform priorities have focused on facilitating ease of doing business, investor protection, marke

Published 24 Apr, 2019 12:00am

Mutual Funds

Ease of doing business, investor protection: SECP cuts overregulation, introduces reforms

The SECP has been extensively engaged in the implementation of a vibrant and broad-based reform agenda for Pakistan''s capital market. The recent multifaceted reform priorities have focused on facilitating ease of doing business, investor protection, mark

Published 24 Apr, 2019 12:00am

Cotton

Elimination of under invoicing: Provision of master BL to be made mandatory: Dawood

Prime Minister Advisor on Commerce, Textile, Industries and Production and Investment, Abdul Razak Dawood said on Tuesday that the government will make provision of Master Bill of Lading (BL) mandatory instead of a third country Bill of Lading to get rid

Published 24 Apr, 2019 12:00am

Cotton

Elimination of under invoicing: Provision of master BL to be made mandatory: Dawood

Prime Minister Advisor on Commerce, Textile, Industries and Production and Investment, Abdul Razak Dawood said on Tuesday that the government will make provision of Master Bill of Lading (BL) mandatory instead of a third country Bill of Lading to get rid

Published 24 Apr, 2019 12:00am

Cotton

Elimination of under invoicing: Provision of master BL to be made mandatory: Dawood

Prime Minister Advisor on Commerce, Textile, Industries and Production and Investment, Abdul Razak Dawood said on Tuesday that the government will make provision of Master Bill of Lading (BL) mandatory instead of a third country Bill of Lading to get rid

Published 24 Apr, 2019 12:00am

Modi votes in general election, trumpets national security

Millions of Indians voted in the third and largest phase of a staggered general election on Tuesday, including Prime Minister Narendra Modi who cast his ballot in his home state of Gujarat and again underlined his focus on combating terrorism. In all, 188

Published 24 Apr, 2019 12:00am

Modi votes in general election, trumpets national security

Millions of Indians voted in the third and largest phase of a staggered general election on Tuesday, including Prime Minister Narendra Modi who cast his ballot in his home state of Gujarat and again underlined his focus on combating terrorism. In all, 188

Published 24 Apr, 2019 12:00am

Amnesty scheme

The International Monetary Fund (IMF) in response to a query from Business Recorder stated that "IMF position against tax amnesties is well known. Cross country experience shows these schemes are usually not successful in mobilizing revenues and ar

Updated 24 Apr, 2019 06:43am

Sri Lanka bombings: IS claims responsibility

Having emerged in one piece from the long lasting Tamil Tigers' insurgency, Sri Lanka was slowly but steadily returning to normality. Having healed deep wounds caused by the horrific ordeal of civil war the island state had begun acquiring semblance of a

Updated 24 Apr, 2019 06:44am

Elephant in the room

Pakistan, over the years, has gradually turned itself into an aid dependent and overwhelmingly importing country requiring foreign exchange by the billions increasing further its dependence on donors as our own capacity to earn the needed FE has kept dwin

Published 24 Apr, 2019 12:00am

Tax amnesties

Why do we need a tax amnesty? Asked my son after watching news at 9pm. Because we don't pay taxes, I replied. But why don't we pay taxes? He asked next. I paused, then after a moment, replied. We don't have a culture of paying taxes. Being argumentative,

Published 24 Apr, 2019 12:00am

Currency

Sri Lanka may need more IMF help as blasts threaten tourism

Sri Lanka faces a likely collapse in tourism following Easter Sunday bomb attacks on churches and hotels, which would deal a severe blow to the island's economy and financial markets, and potentially force it to seek further IMF assistance.

Published 24 Apr, 2019 12:00am

'One more failed 'experiment'

This is apropos a Business Recorder op-ed "One more failed 'experiment'" carried by Business Recorder yesterday. The writer, Rashed Rahman, has plausibly argued, among other things, that "Corruption is endemic not only because of our inherit

Published 24 Apr, 2019 12:00am

CAA and PIA urged to share relevant record with AGP

A parliamentary panel on Tuesday directed all the principal accounting officers (PAOs) of the government not to come to attend committee meetings without proper preparations. These directives were passed on by a subcommittee of the Public Accounts Committ

Published 24 Apr, 2019 12:00am

12 booked for conspiring against polio drive

Police have registered on Tuesday First Information Report (FIR) against 12 individuals who were behind the propaganda against the polio campaign in Khyber Pakhtunkhawa. The conspiracy against anti-polio campaign exposed as the suspect who allegedly faked

Published 24 Apr, 2019 12:00am

Buzdar invites Abu Dhabi Group for investments

Punjab Chief Minister Sardar Usman Buzdar in a meeting with CEO of Abu Dhabi Group Dominique Liana Russo on Tuesday said that a lot of investment opportunities are available in Punjab and new Pakistan is open to investors. Talking on the occasion, the CM

Published 24 Apr, 2019 12:00am

Buzdar pays surprise visits to Vehari

Punjab chief minister Sardar Usman Buzdar during his surprise visit to Vehari ordered to suspend CEO (Education), Chief Officer Vehari Municipal Committee and SHO Police Station Sadar on public complaints and showing negligence in the performance of offic

Published 24 Apr, 2019 12:00am

Government taking environmental issues seriously: minister

Punjab Environment Protection Minister Muhammad Rizwan has said that the government, realizing the seriousness of environmental issues, is taking all out measures to ensure pollution-free environment.

Published 24 Apr, 2019 12:00am

CDWP okays Rs 202 million project: KP tourism project worth Rs 17 billion recommended to Ecnec

The Central Development Working Party (CDWP) meeting with Federal Minister for Planning, Development and Reform, Khusro Bakhtyar in the chair, accorded approval to a project worth Rs 202.412 million and recommended a project worth Rs 17 billion to the Ecn

Published 24 Apr, 2019 12:00am

Damaged by hailstorm: Survey of crops to be conducted: minister

Provincial Minister for Energy Dr. Akhtar Malik said on Tuesday that the government of Punjab will conduct a survey in order to know the real estimate of damage caused by hailstorm to crops. The report of the survey will be presented in the House.

Published 24 Apr, 2019 12:00am

Relief for elderly people: 'Bahimmat Social Protection' scheme on the cards in Punjab

Punjab Finance Minister Hashim Jawan Bakht has said that in an effort to provide social security and protection to senior citizen of age 65 and above, the government of Punjab is preparing 'Bahimmat Social Protection' scheme which will be launched soon. H

Published 24 Apr, 2019 12:00am

Rice growers urged to avoid overuse of chemicals

Speakers at a seminar called upon the rice growers to avoid over-use of chemicals especially tricyclazole and buprofezin to ensure safe and healthy basmati rice from farm to fork. The seminar was entitled as 'Khushal Kissan' organized by the Pakistan Basm

Published 24 Apr, 2019 12:00am

Ashiana Iqbal, Ramzan sugar mill case: Shahbaz gets exemption from appearance

An Accountability Court on Tuesday accepted the exemption from appearance plea of leader of Opposition in National Assembly and President Pakistan Muslim League-Nawaz (PML-N) Shehbaz Sharif in Ashiana Iqbal and Ramzan sugar mill case. Earlier the counsel

Published 24 Apr, 2019 12:00am

Issuance of number plates, smart cards still in doldrums

Issuance of number plates of vehicles and smart cards is in doldrums as the excise department is unable to provide computerized number plates to citizens despite charging heavy fee at the time of registration of vehicles. It may be noted that Chief Minist

Published 24 Apr, 2019 12:00am

Maryam slams Imran

Pakistan Muslim League-Nawaz (PML-N) leader Maryam Nawaz has criticised Prime Minister Imran Khan for admitting during his visit to Iran that Pakistan's soil was used for attacks in the neighbouring country. "Vilifying and defaming your own country on for

Published 24 Apr, 2019 12:00am

India behind terror activities in Balochistan: FM

Foreign Minister Shah Mahmood Qureshi on Tuesday said India was involved in terror activities in Balochistan. Talking to a private television channel, the Foreign Minister said Pakistan had already shared the details of Ormara terror incident with Iranian

Published 24 Apr, 2019 12:00am

Over 17,600 cancer patients provided free treatment at Bait-us-Sukoon

Bait-us-Sukoon Cancer Hospital has provided free of cost treatment to 17,620 cancer patients since its inception in 1999 as hospice. Its medical director Dr Jawaid Mallick said that the expenses per patient had been around rupees 1 million to Rs 2 million

Published 24 Apr, 2019 12:00am

PFA detects fake beverages unit

The Punjab Food Authority continued its grand operation against adulterators to make Punjab adulteration free before the start of the holy month of Ramadan. On Tuesday, the authority conducted a raid on a cola drinks factory and sealed it on account of fo

Published 24 Apr, 2019 12:00am

'Revival of libraries vital for promoting reading habit'

Commissioner Karachi Iftikhar Shalwani Tuesday said the revival of libraries had been started in the city to overcome shortage of libraries in the metropolis. Speaking at a programme organised by NED University in connection with World Book Day 2019, here

Published 24 Apr, 2019 12:00am

Shell Tameer shaping future of youth entrepreneurs

The Institute of Business Administration (IBA) Centre for Entrepreneurial Development held a business start-up competition, 'Invent-2019'at IBA Main Campus, Karachi. The objective of the event was to foster a start-up friendly ecosystem for young innovato

Published 24 Apr, 2019 12:00am

Navy sets up free medical camp at Keti Bandar

With an aim to extend all out support and facilitate the under privileged classes, Pakistan Navy established Free Medical Camp at Keti Bandar on April 21, for local populace of the area. A medical team of qualified doctors including General Physician, Med

Published 24 Apr, 2019 12:00am

12 injured in Jaffarabad bomb blast

At least 12 injured in a bomb blast planted in a motorcycle in Jaffarabad on Tuesday. According to police sources, the incident took place when a remote-controlled bomb fixed in a motorbike exploded, which was parked on the roadside near Sohbatpur Chowk i

Published 24 Apr, 2019 12:00am

Saudi jails: Only 200 out of 2,000 Pakistani prisoners freed so far: Babar

Pakistan Peoples Party (PPP) leader Farhatullah Babar has said that only over 200 Pakistani prisoners in Saudi jails had been freed and repatriated out of the over 2000 promised by the Crown Prince Muhammad Bin Salman during his recent visit and asked the

Published 24 Apr, 2019 12:00am

Medical colleges and universities: SHC dismisses petition against annual exam system

Sindh High Court (SHC) on Tuesday dismissed the petition against the annual examination system in medical colleges and universities, which sought the examination on semester basis. A two-member bench of SHC comprised of Justice Muhammad Ali Mazhar and Jus

Published 24 Apr, 2019 12:00am

Global market PRGMEA for making textile industry competitive

Chief Coordinator Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) and member of International Apparel Federation (IAF) Ijaz A Khokhar has urged upon the government to take effective steps for making the value-added textile ind

Published 24 Apr, 2019 12:00am

KP PDWP approves five uplift projects worth Rs 981.035 million

The Provincial Development Working Party (PDWP) held its Special meeting under the Chairmanship of Dr Shahzad Khan Bangash, the Additional Chief Secretary Khyber Pakhtunkhwa. The meeting was attended by members of PDWP, representatives of concerned depart

Published 24 Apr, 2019 12:00am

TCL grabs second position in sales volume

TCL announced that it has achieved historical highs in revenue, reaching Number 2 position in Sales Volume in the Global Television Market in the Year 2018. By proactively exploring the potential of new markets and strengthening existing channels, TCL was

Published 24 Apr, 2019 12:00am

Remarks against Bilawal stirs tumult in Sindh Assembly

Sindh Assembly pre-budget session was marred due to squabbling legislators from ruling and opposition parties who almost came close to a fistfight after remarks by PTI MPA against PPP chairman Bilawal Bhutto-Zardari, here on Tuesday.

Published 24 Apr, 2019 12:00am

Customs department urged to avoid delay in releasing refunds

Karachi Customs Agents Association (KCAA) has proposed the customs department to issue necessary SOP and define timeframe to avoid delays in releasing refunds.

Published 24 Apr, 2019 12:00am

PSO issues first fuel oil import tender for 2019

Pakistan State Oil (PSO) issued this week its first fuel oil import tenders for 2019 as the state-owned energy firm prepares for rising summer demand, two trade sources said.

Published 24 Apr, 2019 12:00am

Bill payments: Pakistan Qatar Takaful signs deal with 1LINK

Pak-Qatar Takaful Group (PQTG), has signed an agreement with 1LINK (Pvt) Limited (1LINK) to digitize their payment collection methods through 1LINK's bill payment service. The signing ceremony was held at Pak-Qatar's head office, Karachi. The agreement wa

Published 24 Apr, 2019 12:00am

PIA, McDonald's sign MoU

Pakistan International Airlines (PIA) and McDonald's Pakistan inked a memorandum of understanding to put together a special offer for the passengers of the national carrier, at a ceremony held at McDonald's Airport Branch, Karachi.

Published 24 Apr, 2019 12:00am

EFU Life receives 'Certificate of Excellence'

EFU Life Assurance Ltd, the leading private sector life insurance provider in the country, has been honoured with 'Certificate of Excellence' at the 34th Corporate Excellence Awards 2019 by Management Association of Pakistan (MAP) in the Insurance Sector.

Published 24 Apr, 2019 12:00am

NAB official: SHC directs to submit report on bribery accusation

A division bench of the Sindh High Court (SHC) Tuesday directed National Accountability Bureau (NAB) to submit a report on bribery accusation against one of its officers.

Published 24 Apr, 2019 12:00am

KMC drive against illegal construction continues

Karachi Metropolitan Corporation (KMC) carried out operation against illegal constructions in three districts as part of its ongoing anti-encroachment drive in the metropolis on Tuesday, amid resistance from occupants.

Published 24 Apr, 2019 12:00am

Sindh government to pursue Nashwa's case: Wahab

Advisor to Sindh Chief Minister on Information, Law and Anti- Corruption, Barrister Murtaza Wahab has said that the report of the committee on the incident of Dar-ul-Sehat has been received which is finalized by Sindh Health Care Commission and vowed to t

Published 24 Apr, 2019 12:00am

PBIF chief terms Umar's resignation ill-timed

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has expressed concern that just before the federal budget, during decisive last stages of talks with the IMF for the bailout package Asad Umar's resignation is badly timed w

Published 24 Apr, 2019 12:00am

Pak-Iran financial channels to reduce cost of doing business: FPCCI

President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Engr Daroo Khan Achakzai has proposed opening of financial channels between Pakistan and Iran because transactions through third country increase the cost of doing business and

Published 24 Apr, 2019 12:00am

Partly Facetious: You know nothing about politics

"I do miss him."

Published 24 Apr, 2019 12:00am

Pakistan welcomes Japanese investment

Foreign Minister Shah Mahmood Qureshi paid a courtesy call on the Deputy Prime Minister/Finance Minister of Japan Taro Aso on Tuesday. The Foreign Minister while conveying the special message of greetings and well wishes for the people and government of J

Published 24 Apr, 2019 12:00am

Terrorists used Pakistan's soil: Opposition censures Imran for his remarks in Iran

The opposition in National Assembly Tuesday criticised Prime Minister Imran Khan, saying his statement in Iran hit the national security of Pakistan and "made us a laughing stock in front of everyone." The prime minister came under a blistering attack by

Published 24 Apr, 2019 12:00am

Far-flung areas: Zong 4G partners with PTCL for network expansion

Pakistan Telecommunication Company Limited (PTCL) and Zong 4G have entered into a strategic partnership for network expansion in remote and far-flung areas of Pakistan. The collaboration will ensure provision of VSAT services by PTCL to further support an

Published 24 Apr, 2019 12:00am

NAB for placing Aleem Khan's name on ECL

National Accountability Bureau (NAB) Tuesday recommended the Ministry of Interior to place the name of Pakistan Tehreek-e-Insaf (PTI) senior leader Aleem Khan on Exit Control List (ECL). Sources said the NAB had written a letter to the Ministry of Interio

Published 24 Apr, 2019 12:00am

Staff's role vital to audit quality: AOB survey

In the first survey of its kind on audit quality, 89 percent of audit partners said audit staff comprising managers and trainees is the most important factor for audit quality, followed by 73 percent who chose audit committees and 60 percent who selected

Published 24 Apr, 2019 12:00am

Plan under way to develop South Punjab: CM

Terming gossips with regard to change of provincial chief minister as rumors only, the Punjab chief minister Sardar Usman Buzdar Tuesday said the PTI Punjab parliamentary party has reposed complete trust in him. "I am real servant of the people of Punjab,

Published 24 Apr, 2019 12:00am

Minister tells NA: No load-shedding being carried out across country

Minister for Power Omer Ayub on Tuesday informed the National Assembly that no electricity load shedding is being carried out on eighty percent feeders across the country. Responding to a calling attention notice moved by Fazal Muhammad Khan, the minister

Published 24 Apr, 2019 12:00am

Government mulling incentive package for cellphone manufacturing units

The government is considering an incentive package for mobile phone manufacturing units to reduce mobile import bill, which is currently around $2 billion annually, it was learnt. The Ministry of Information Technology and Telecommunication (MoITT) has ex

Published 24 Apr, 2019 12:00am

Alvi exhorts students to highlight country's soft image globally

President Dr Arif Alvi on Tuesday conveyed to the young students that educational institutions are playing their effective role in educating and empowering them to highlight soft image of country at global level. On the occasion of the A-Levels' High Achi

Published 24 Apr, 2019 12:00am

Treet Corporation Limited

Treet Corporation Limited (PSX: TREET) needs no introduction and is amongst the largest conglomerates in Pakistan. Though its inception dates back to pre-partition, the Treet Group became a public listed company in 1977. Treet Group of Companies (TGC) is

Published 24 Apr, 2019 12:00am

Treet Corporation Limited

Treet Corporation Limited (PSX: TREET) needs no introduction and is amongst the largest conglomerates in Pakistan. Though its inception dates back to pre-partition, the Treet Group became a public listed company in 1977. Treet Group of Companies (TGC) is

Published 24 Apr, 2019 12:00am

'Mental Health Week' begins at GCU Lahore

The annual Mental Health Week (MHW) celebrations began here on Tuesday at the Government College University Lahore with an inter-university poster competition on the theme of peace psychology.

Published 24 Apr, 2019 12:00am

Occupational health insurance scheme need of the hour: SECP chief

Securities and Exchange Commission of Pakistan (SECP) Chairman Farrukh H Sabzwari has said that the SECP envisages recommending the federal and provincial governments to introduce much-needed compulsory occupational health insurance scheme.

Published 24 Apr, 2019 12:00am

Tanzania denies blocking release of scathing IMF report

Tanzania on Tuesday denied blocking the publication of a critical International Monetary Fund report that accuses President John Magufuli's government of undermining economic growth with "unpredictable and interventionist" policies.

Published 24 Apr, 2019 12:00am

Aussie steadies, kiwi languishes

The Australian dollar traded in a tight range on Tuesday, as volumes were thin in a holiday-shortened week and ahead of the all-important quarterly inflation report, while its New Zealand cousin hovered near two-month lows.

Published 24 Apr, 2019 12:00am

Currency

Sterling slides to two-month low

Sterling slid to a two-month low on Tuesday as hopes for a breakthrough in Brexit talks between the ruling and opposition parties faded and British Prime Minister Theresa May faced growing pressure to quit. Britain's parliament returned from an Easter rec

Published 24 Apr, 2019 12:00am

Asian forex: high oil prices hit some Asian currencies

The currencies of Indonesia and India fell on Tuesday, as the two countries face higher oil import bills due to global energy market developments, while most other regional ones eked out tiny gains. Oil prices rallied after the United States on Monday dem

Published 24 Apr, 2019 12:00am

Currency

Bitcoin jumps to a six-month high

Bitcoin jumped on Tuesday to its highest in six months, pulling smaller cryptocurrencies up with it in a move that traders and analysts ascribed to technical forces with no apparent news catalysts at play. The original and biggest virtual coin climbed as

Published 24 Apr, 2019 12:00am

Currency

Dollar little changed in New York

The dollar was little changed against a basket of currencies in thin holiday-impacted trading on Monday, while a jump in the price of oil on news that Washington will end sanctions waivers for major Iranian oil importers boosted the Canadian dollar and th

Published 24 Apr, 2019 12:00am

Currency

Early trade in New York: dollar climbs across the board

The dollar climbed across the board on Tuesday as financial markets re-opened after the Easter holiday and traders favoured the greenback ahead of the release on Friday of US gross domestic product data for the first three months of 2019. The dollar index

Published 24 Apr, 2019 12:00am

Currency

Dollar holds three-week high in Europe

The dollar held near three-week highs on Tuesday as a drop in market volatility ramped up demand for riskier assets, with higher US bond yields also offering some support. Ten-year US Treasury yields rose more than 20 basis points over the past four weeks

Published 24 Apr, 2019 12:00am

Currency

Dollar rises against major rivals in Asia

The dollar edged up against a basket of key rivals on Tuesday, while the Canadian dollar was supported by rising crude oil prices due to US plans to tighten a clampdown on Iranian oil exports from next month. Financial markets in Australia and New Zealand

Published 24 Apr, 2019 12:00am

Kerb

Osaka 'dodged bullet' in Stuttgart as rival Halep pulls out

World number one Naomi Osaka said Tuesday she had "dodged a bullet" after Simona Halep, her main pursuer in the WTA rankings, pulled out of this week's tournament in Stuttgart.

Published 24 Apr, 2019 12:00am

Merged Districts Games: Khyber take 16 gold medals, win overall trophy

District Khyber bags 16 gold medals by securing 226 points and lifted the overall trophy of the Merged Tribal Districts Games which concluded at South Waziristan Sports Complex in Wana on Tuesday.

Published 24 Apr, 2019 12:00am

Trump vows to hit back at EU as tariffs bite Harley-Davidson

US President Donald Trump threatened retribution on Europe Tuesday over tariffs that have bruised profitability at iconic US motorcycle company Harley-Davidson. Trump quoted commentary from Fox Business Network anchor Ashley Webster, who pointed to the dr

Published 24 Apr, 2019 12:00am

US labor opposes USMCA in current form

The head of the largest US labor union said Tuesday he opposes ratification of the new North American free trade pact, because he doubts Mexico will enforce labor reforms required by the deal. Richard Trumka, president of the 12.5-million-member AFL-CIO,

Published 24 Apr, 2019 12:00am

Lower mortgage rates, prices lift US new home sales to 1-1/2-year high

Sales of new US single-family homes rose to a near 1-1/2-year high in March, boosted by lower mortgage rates and house prices. The third straight monthly increase reported by the Commerce Department on Tuesday suggested some recovery was under way in the

Published 24 Apr, 2019 12:00am

P&G, Coca-Cola report higher profits

Procter & Gamble and Coca-Cola reported higher quarterly profits Tuesday, lifted by premium consumer items at Procter and new beverage offerings at Coca-Cola. P&G, whose brands include Bounty paper towel and Crest toothpaste, reported profits of $2.7 bill

Published 24 Apr, 2019 12:00am

P&G, Coca-Cola report higher profits

Procter & Gamble and Coca-Cola reported higher quarterly profits Tuesday, lifted by premium consumer items at Procter and new beverage offerings at Coca-Cola. P&G, whose brands include Bounty paper towel and Crest toothpaste, reported profits of $2.7 bill

Published 24 Apr, 2019 12:00am

China's diesel, jet fuel exports rise, LNG imports decline

China's jet fuel exports surged 30 percent from a year earlier in March and diesel exports rose 14.2 percent, customs data showed on Tuesday, as the country's fuel surplus increased following the start up of a new private oil refinery. Data from the Gener

Published 24 Apr, 2019 12:00am

Britons feel a boost in their finances from rising wages

British households reported the strongest growth in at least a decade in their earnings from work, a survey showed on Tuesday, suggesting that consumers and their spending can keep on supporting the economy during the Brexit crisis. IHS Markit, a financia

Published 24 Apr, 2019 12:00am

France, Japan back Renault-Nissan alliance despite Ghosn case

French President Emmanuel Macron and Japanese Prime Minister Shinzo Abe on Tuesday pledged their backing for the alliance of car giants Renault and Nissan, despite the strains caused by the arrest of the alliance's former boss Carlos Ghosn.

Published 24 Apr, 2019 12:00am

US stocks little changed in low-volume trading

US stocks ended a low-volume trading session little changed on Monday, with the biggest gains in the energy sector as investors otherwise stayed on the sidelines ahead of quarterly earnings. Investors were waiting for some of the biggest S&P 500 companies

Published 24 Apr, 2019 12:00am

Steeper yield curve kicks off $237 billion auction week

The Treasury yield curve steepened on Monday, with the kick-off of a busy auction week that will see $237 billion of new debt sold.

Published 24 Apr, 2019 12:00am

Currency

New Zealand hits all-time high, Australian shares climb

Australian shares ended at a near 8-month peak on Tuesday, bolstered by gains in banking and energy stocks, while New Zealand closed at a record high.

Published 24 Apr, 2019 12:00am

China shares lower

Chinese shares ended a volatile session lower on Monday, extending sharp declines from the previous session, as investors worried that Beijing could slow the pace of policy easing following a stronger-than-expected economic performance.

Published 24 Apr, 2019 12:00am

Oil boost fails to lift European stocks

European shares fell on Tuesday as battery maker Umicore kicked off a busy week of earnings with a grim outlook and investors grew concerned about China cutting additional support to its economy, but a rally in oil and gas stocks helped temper losses.

Published 24 Apr, 2019 12:00am

India shares down

Indian shares ended lower for a third straight session on Tuesday, erasing gains in morning trade, hurt by declining financial shares such as HDFC Bank and automobile stocks such as Maruti Suzuki India.

Published 24 Apr, 2019 12:00am

Southeast Asian stocks: Indonesia leads gains; Manila recovers

Indonesia led gains across Southeast Asian stock markets on Tuesday buoyed by prospects of steady economic growth in 2020, while Philippine markets ended slightly lower following a recovery in the country's largest stock.

Published 24 Apr, 2019 12:00am

FTSE 100 hits six-month high; Thomas Cook gains

London's FTSE 100 advanced on Tuesday as oil majors surged after the Unites States tightened sanctions on Iran, while tour operator Thomas Cook jumped after a report that bidders were interested in its assets.

Published 24 Apr, 2019 12:00am

Bytedance says India TikTok ban causing $500,000 daily loss, risks jobs

India's ban on popular Chinese video app TikTok is resulting in "financial losses" of up to $500,000 a day for its developer, Beijing Bytedance Technology Co, and has put more than 250 jobs at risk, the company said in a court filing seen by Reuters.

Published 24 Apr, 2019 12:00am

Twitter triples profits, global user base steadies

Twitter said Tuesday profits soared in the past quarter, and President Donald Trump immediately claimed credit for the success of the short messaging platform even as he renewed his allegations of bias. Profits in the first quarter hit $191 million, compa

Published 24 Apr, 2019 12:00am

Currency	Rate
USD PKR Interbank Selling / May 13	281.73
USD PKR Interbank Buying / May 13	281.53
USD to Japanese Yen / May 13	147.10
USD to Swiss Franc / May 13	0.84
Pound Sterling to USD / May 13	1.33
Euro to USD / May 13	1.12
UK LIBOR % / May 13	4.96

Stock	Volume
S&P 500 / May 13	5,886.55
India Sensex / May 13	81,148.22
Tokyo Nikkei / May 13	37,897.71
Nasdaq / May 13	19,010.09
Hang Seng / May 13	23,441.04
FTSE 100 / May 13	8,602.92
Dow Jones / May 13	42,140.43
Germany DAX 30 / May 13	23,638.56
France CAC40 / May 13	7,873.83

Item	Value
Crude Oil USD/Barrel / May 13	63.36
Karachi Cotton PKR/37.32 KG / May 13	16,985
Gold 10 Grams PKR / May 13	295,096
Gold Spot USD/Ounce / May 13	3,227.76
Cotton US¢/pound / May 13	66.61
Petrol/Litre / May 14	252.63
Diesel/Litre / May 14	256.64

Stock	Price
Grays Leasing / May 13 Grays Leasing Limited(GRYL)	4.51 ▲ 0.72 (19%)
TPL Trakker Ltd / May 13 TPL Trakker Limited(TPLT)	6.59 ▲ 1 (17.89%)
Al-Shaheer Corp / May 13 Al Shaheer Corporation Limited(ASC)	6.88 ▲ 1 (17.01%)
B. F. Mod. / May 13 B.F. Modaraba(BFMOD)	8.34 ▲ 1 (13.62%)
Burj Clean Energy Modaraba / May 13 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.11 ▲ 1 (12.33%)
Mahanna Islamic Index / May 13 Mahanna Islamic Index Traded Fund(MIIETF)	15.47 ▲ 1.65 (11.94%)
Haseeb Waqas / May 13 Haseeb Waqas Sugar Mills Limited(HWQS)	9.59 ▲ 1 (11.64%)
Gulshan Sp. / May 13 Gulshan Spinning Mills Limited(GSPM)	3.40 ▲ 0.35 (11.48%)
Ghazi Fabrics / May 13 Ghazi Fabrics International Limited(GFIL)	10.17 ▲ 1 (10.91%)
PIA Holding Co.Ltd / May 13 PIA Holding Company Limited(PIAHCLA)	14.80 ▲ 1.35 (10.04%)

Stock	Price
Power Cem(Pref) / May 13 Power Cement (Pref)(POWERPS)	15.35 ▼ -1.71 (-10.02%)
Bilal Fibres / May 13 Bilal Fibres Limited(BILF)	19.59 ▼ -2.18 (-10.01%)
TPL Life Insur. / May 13 TPL Life Insurance Limited(TPLL)	46.80 ▼ -5.2 (-10%)
Din Tex. / May 13 Din Textile Mills Limited(DINT)	45 ▼ -4.99 (-9.98%)
Mughal Energy / May 13 Mughal Energy Limited(GEM)(GEMMEL)	19.90 ▼ -2.12 (-9.63%)
Suhail Jute / May 13 Suhail Jute Mills Limited(SUHJ)	78.36 ▼ -8.24 (-9.52%)
First Punjab Modaraba / May 13 First Punjab Modaraba(FPJM)	2.77 ▼ -0.28 (-9.18%)
Parmount Sp. / May 13 Paramount Spinning Mills Limited(PASM)	3.36 ▼ -0.31 (-8.45%)
First AL-Noor Mod. / May 13 First Al-Noor Modaraba(FANM)	2.95 ▼ -0.25 (-7.81%)
First IBL Mod. / May 13 First IBL Modaraba(FIBLM)	3 ▼ -0.24 (-7.41%)

Stock	Volume
WorldCall Telecom / May 13 Worldcall Telecom Limited(WTL)	41,734,903 ▼ -0.06
Maple Leaf Cement / May 13 Maple Leaf Cement Factory Limited(MLCF)	41,052,877 ▲ 6.27
Sui South Gas / May 13 Sui Southern Gas Company Limited(SSGC)	35,773,773 ▲ 2.33
Oil & Gas Dev. / May 13 Oil & Gas Development Company Limited(OGDC)	30,912,153 ▲ 15.65
B.O.Punjab / May 13 The Bank of Punjab(BOP)	24,175,098 ▼ -0.16
Cnergyico PK / May 13 Cnergyico PK Limited(CNERGY)	24,174,880 ▼ -0.09
K-Electric Ltd. / May 13 K-Electric Limited(KEL)	23,803,446 ▼ -0.22
At-Tahur Ltd. / May 13 At-Tahur Limited(PREMA)	21,754,749 ▼ -3.25
Fauji Cement / May 13 Fauji Cement Company Limited(FCCL)	20,681,855 ▲ 1.82
D.G.K.Cement / May 13 D.G. Khan Cement Company Limited(DGKC)	19,785,523 ▲ 10.35

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