News Archives for Print - 2019-04-25

Participants of 25th senior management course visit FBR

The trainee officers of 25th Senior Management Course, National Management College, Lahore visited FBR on Wednesday and got a detailed briefing on the functioning and performance of Federal Board of Revenue. Later, the participants were given a detailed p

Published 25 Apr, 2019 12:00am

Sindh government to pay Diat, penalty of 37 convicts

Sindh High Court (SHC) on Wednesday ordered provincial government to pay the amount of 'Diat' and fine of 37 convicts of low-income group to the tune of Rs330 million in one week. A two-member SHC bench headed by Chief Justice Ahmed Ali M Sheikh issued th

Published 25 Apr, 2019 12:00am

Saudi 'E-Visa' opens for Pakistani Umrah pilgrims

Saudi government has started issuing 'E-Visa' to provide maximum facilitation to the intended Umrah pilgrims from Pakistan. According to the circular of Travel Agents Association of Pakistan (TAAP), the Saudi consulate general has started issuing 'E-Visa'

Published 25 Apr, 2019 12:00am

NRPs facing difficulties in operating bank accounts

Non-Resident Pakistanis (NRPs) are facing issues for operating bank accounts in Pakistan due to limited banking services. Sources in banking sector told Business Recorder on Wednesday that banks are receiving a lot of complaints from NRPs that pres

Published 25 Apr, 2019 12:00am

PM, IMF chief to meet on April 26 in China

The meeting between Prime Minister Imran Khan and International Monetary Fund (IMF) Managing Director (MD) Christine Lagarde has been scheduled for April 26. The meeting between Prime Minister Imran Khan and IMF MD Christine Lagarde will be held in China

Published 25 Apr, 2019 12:00am

767th Urs celebrations of Lal Shahbaz Qalandar begins

Governor Sindh Imran Ismail inaugurated three-day 767th annual Urs celebrations of Hazrat Lal Shahbaz Qalandar by laying floral wreath and offering Fateha at the mausoleum of the Saint in Sehwan town, Jamshoro district on Wednesday.

Published 25 Apr, 2019 12:00am

LHC upholds tax tribunal's verdict

The Lahore High Court on Wednesday upheld the decision of tax tribunal setting aside the suo motu powers of Federal Board of Revenue (FBR) to collect sales tax without registering a business person under Sale Tax Act 1990 and Sale Tax Rules 2006.

Published 25 Apr, 2019 12:00am

PPP urges government to place IMF programme's details before parliament

Pakistan Peoples Party (PPP) Wednesday asked the government to present details of International Monetary Fund (IMF) programme along with its conditions before the Parliament before signing any bailout package. Addressing a press conference here, PPP leade

Published 25 Apr, 2019 12:00am

PM offers anti-terrorism assistance to Sri Lanka

Prime Minister Imran Khan on Wednesday telephoned his Sri Lankan counterpart Ranil Wickremesinghe to offer assistance to fight terrorism while condemning horrifying suicide attacks that have killed 359 people so far. As per details, PM Khan condoled with

Published 25 Apr, 2019 12:00am

Sri Lankan attacks: FO censures section of Indian media

Foreign Office Wednesday censured the irresponsible attempts by a section of Indian media to link detention of some Pakistanis in Sri Lanka with the recent terror attacks in the country. Responding to media queries, Spokesperson Foreign Office Dr Mohammad

Published 25 Apr, 2019 12:00am

CoAS opens National University of Technology

Chief of Army Staff (COAS) General Qamar Javed Bajwa inaugurated the National University of Technology (NUTECH) on Wednesday. Rector NUTECH Lieutenant General Khalid Asghar (retd) briefed the Army Chief about academic activities and strategic education pl

Published 25 Apr, 2019 12:00am

Pilgrim dies as bus carrying Pakistanis hit post in Iraq

One pilgrim died when a bus carrying 51 Pakistani pilgrims (zaireen) hit a security check post near Samarra, Iraq, on the night of April 21, 2019, Foreign Office said. According to Spokesperson Foreign Office Dr Mohammad Faisal, a Pakistani pilgrim namely

Published 25 Apr, 2019 12:00am

Nine more suspects arrested for ransacking health facility

Police here on Wednesday claimed that they have arrested nine more suspects allegedly involved in ransacking building of Basic Health Unit and spreading of rumours about polio drops reaction in Mashokel area of Peshawar. The police officials said that the

Published 25 Apr, 2019 12:00am

Transgender persons to be made part of Sindh police: IGP

Transgender people in Sindh will be able to serve as regular duty police officers, the police chief said, adding it was time to offer more opportunities to a group relegated to menial jobs in government. After years of sometimes brutal persecution, transg

Published 25 Apr, 2019 12:00am

Gunmen kill policeman guarding polio team

Gunmen shot and killed a police officer guarding a polio immunization team on Wednesday, the latest attack on efforts to protect children from the crippling and sometimes deadly disease. The police constable was on duty with a polio team in the remote Bun

Published 25 Apr, 2019 12:00am

NAB PG'S appointment: IHC issues notices to President's secretary, others

The Islamabad High Court (IHC) on Wednesday issued notices to secretary to the President of Pakistan and others regarding appointment of Justice Syed Asghar Haider (retd) as National Accountability Bureau (NAB) prosecutor general (PG).

Published 25 Apr, 2019 12:00am

Government fails to solve people's problems : Siraj

Chief of Ameer, Jamaat-e-Islami, Senator Sirajul Haq, has said that situation in the country had proved that the people who had been thrust on the nation did not have any solution for the problems facing the masses. In a message for the JI workers, he sai

Published 25 Apr, 2019 12:00am

With Iran and trade rifts, India feels brushed aside by Trump

President Donald Trump may count Indian Prime Minister Narendra Modi among his international allies, but New Delhi is smarting over unexpected US decisions it sees as ignoring the interests of an increasingly close partner.

Published 25 Apr, 2019 12:00am

Qarz ki peetay thay mai...

This is apropos a Business Recorder op-ed "Elephant in the room" carried by the newspaper yesterday. Veteran economic journalist M. Ziauddin has impressively narrated what actually constitutes country's economic history. He has argued, among other

Published 25 Apr, 2019 12:00am

Cultivating integrity in a corrupt tax system and administration

Cultivating bonsai takes effort, the right tools, and time to limit the growth of what would be a massive tree so it will exist in a small container. Controlling corruption in a tax system and tax administration is similar. Without the initial and ongoing

Published 25 Apr, 2019 12:00am

It's all about trade-offs, Prime Minister

Welcome back, Hafeez Shaikh. We know you to be a man for all seasons, and perhaps you can do the impossible; but miracles? And never mind the cynical view that Economists are brilliant at analyzing the past but not solving today's problems.

Published 25 Apr, 2019 12:00am

PM's trip to Iran

Prime Minister Imran Khan's just concluded two-day visit to Iran is notable for the candor with which he spoke about the problem causing mistrust and tensions between the two neighbours. Addressing a joint press conference with Iranian President Hassan Ro

Updated 25 Apr, 2019 06:27am

IMF bailout package and the economy

During the launch of his book "Growth and Inequality in Pakistan" Dr Hafiz Pasha stated that a macroeconomic framework, detailing a projected increase in revenue from specific taxes and a reduction in expenditure to bring the budget deficit to sustainable

Updated 25 Apr, 2019 06:26am

MCB Bank reports ''''exceptional'''' growth of 24 percent in profit before tax

The Board of Directors of MCB Bank Limited met under the Chairmanship of Mian Mohammad Mansha, on Wednesday to review the performance of the Bank and approve the condensed interim financial statements for the first quarter ended March 31, 2019. The Bank h

Published 25 Apr, 2019 12:00am

MCB Bank reports ''exceptional'' growth of 24 percent in profit before tax

The Board of Directors of MCB Bank Limited met under the Chairmanship of Mian Mohammad Mansha, on Wednesday to review the performance of the Bank and approve the condensed interim financial statements for the first quarter ended March 31, 2019. The Bank h

Published 25 Apr, 2019 12:00am

MCB Bank reports 'exceptional' growth of 24 percent in profit before tax

The Board of Directors of MCB Bank Limited met under the Chairmanship of Mian Mohammad Mansha, on Wednesday to review the performance of the Bank and approve the condensed interim financial statements for the first quarter ended March 31, 2019. The Bank h

Published 25 Apr, 2019 12:00am

MCB Bank reports 'exceptional' growth of 24 percent in profit before tax

The Board of Directors of MCB Bank Limited met under the Chairmanship of Mian Mohammad Mansha, on Wednesday to review the performance of the Bank and approve the condensed interim financial statements for the first quarter ended March 31, 2019. The Bank h

Published 25 Apr, 2019 12:00am

Iran warns US over Strait of Hormuz

Iran's foreign minister on Wednesday warned the United States of unspecified "consequences" if it tried to seal off to Tehran the Strait of Hormuz, the strategic passage into the oil-rich Gulf. President Donald Trump's administration has been ramping up p

Published 25 Apr, 2019 12:00am

Iran warns US over Strait of Hormuz

Iran's foreign minister on Wednesday warned the United States of unspecified "consequences" if it tried to seal off to Tehran the Strait of Hormuz, the strategic passage into the oil-rich Gulf. President Donald Trump's administration has been ramping up p

Published 25 Apr, 2019 12:00am

Imran's remarks in Iran taken out of context: PM office

Prime Minister Imran Khan's statement on Pakistani soil being used by terrorists, made during his recent visit to Iran, was taken out of context, the spokesperson from the Prime Minister House said on Wednesday. "There has been a lot of debate about PM's

Published 25 Apr, 2019 12:00am

Imran's remarks in Iran taken out of context: PM office

Prime Minister Imran Khan's statement on Pakistani soil being used by terrorists, made during his recent visit to Iran, was taken out of context, the spokesperson from the Prime Minister House said on Wednesday. "There has been a lot of debate about PM's

Published 25 Apr, 2019 12:00am

French parliamentary team to visit Gwadar tomorrow

The visiting French parliamentary delegation headed by Senator Pascal Allizard will visit Gwadar tomorrow (Friday) to see the projects on ground for exploring opportunities for French companies in the projects under China-Pakistan Economic Corridor (CPEC)

Published 25 Apr, 2019 12:00am

French parliamentary team to visit Gwadar tomorrow

The visiting French parliamentary delegation headed by Senator Pascal Allizard will visit Gwadar tomorrow (Friday) to see the projects on ground for exploring opportunities for French companies in the projects under China-Pakistan Economic Corridor (CPEC)

Published 25 Apr, 2019 12:00am

NAB clarification

This is apropos a news item "ECC meets today" carried by Business Recorder on April 17, 2019. "In the first para of the said news item, some incorrect facts have been reported about the summary of NAB for release of supplementary grant. The same is

Published 25 Apr, 2019 12:00am

NAB clarification

This is apropos a news item "ECC meets today" carried by Business Recorder on April 17, 2019. "In the first para of the said news item, some incorrect facts have been reported about the summary of NAB for release of supplementary grant. The same is

Published 25 Apr, 2019 12:00am

Spain court acquits ex-Barcelona president of money laundering

A Spanish court on Wednesday acquitted former Barcelona president Sandro Rosell, who spent nearly two years in pre-trial custody, of money laundering. Rosell, his wife and four others, were accused of "large-scale money laundering" of close to 20 million

Published 25 Apr, 2019 12:00am

Dawood optimistic about CPFTA-II prospects

Adviser to Prime Minister on Commerce and Textile Abdul Razak Dawood has said that China has extended duty-free access to Pakistan on 313 items under the new Free Trade Agreement (FTA) to be signed during the upcoming visit of Prime Minister Imran Khan to

Published 25 Apr, 2019 12:00am

Dawood optimistic about CPFTA-II prospects

Adviser to Prime Minister on Commerce and Textile Abdul Razak Dawood has said that China has extended duty-free access to Pakistan on 313 items under the new Free Trade Agreement (FTA) to be signed during the upcoming visit of Prime Minister Imran Khan to

Published 25 Apr, 2019 12:00am

Dawood optimistic about CPFTA-II prospects

Adviser to Prime Minister on Commerce and Textile Abdul Razak Dawood has said that China has extended duty-free access to Pakistan on 313 items under the new Free Trade Agreement (FTA) to be signed during the upcoming visit of Prime Minister Imran Khan to

Published 25 Apr, 2019 12:00am

Younus Habib passes away

Younus Habib, former Mehran Bank chief and suspect in Asghar Khan case, on Wednesday passed away. Younus Habib was the accused of distributing money among the politicians to create the Islamic Jamhoori Ittehad (IJI) against Pakistan People's Party (PPP) a

Published 25 Apr, 2019 12:00am

Younus Habib passes away

Younus Habib, former Mehran Bank chief and suspect in Asghar Khan case, on Wednesday passed away. Younus Habib was the accused of distributing money among the politicians to create the Islamic Jamhoori Ittehad (IJI) against Pakistan People's Party (PPP) a

Published 25 Apr, 2019 12:00am

HBL declares Rs 3.2 billion PAT

HBL Wednesday declared a consolidated profit after tax of Rs 3.2 billion, with earnings per share for Q1''''19 at Rs 2.08. Along with the results, the Board declared a dividend of Rs 1.25/- per share (12.5 percent). Profit before tax for the three months

Published 25 Apr, 2019 12:00am

HBL declares Rs 3.2 billion PAT

HBL Wednesday declared a consolidated profit after tax of Rs 3.2 billion, with earnings per share for Q1''19 at Rs 2.08. Along with the results, the Board declared a dividend of Rs 1.25/- per share (12.5 percent). Profit before tax for the three months of

Published 25 Apr, 2019 12:00am

HBL declares Rs 3.2 billion PAT

HBL Wednesday declared a consolidated profit after tax of Rs 3.2 billion, with earnings per share for Q1'19 at Rs 2.08. Along with the results, the Board declared a dividend of Rs 1.25/- per share (12.5 percent). Profit before tax for the three months of

Published 25 Apr, 2019 12:00am

HBL declares Rs 3.2 billion PAT

HBL Wednesday declared a consolidated profit after tax of Rs 3.2 billion, with earnings per share for Q1'19 at Rs 2.08. Along with the results, the Board declared a dividend of Rs 1.25/- per share (12.5 percent). Profit before tax for the three months of

Published 25 Apr, 2019 12:00am

BRIndex100 goes green

Pakistan Stock Exchange ended on positive note on the back of fresh buying on available attractive low levels. BRIndex100 gained 9.83 points or 0.26 percent to close at 3,840.79 points on Wednesday. During the session, the BRIndex-100 touched an intraday

Published 25 Apr, 2019 12:00am

BRIndex100 goes green

Pakistan Stock Exchange ended on positive note on the back of fresh buying on available attractive low levels. BRIndex100 gained 9.83 points or 0.26 percent to close at 3,840.79 points on Wednesday. During the session, the BRIndex-100 touched an intraday

Published 25 Apr, 2019 12:00am

BRIndex100 goes green

Pakistan Stock Exchange ended on positive note on the back of fresh buying on available attractive low levels. BRIndex100 gained 9.83 points or 0.26 percent to close at 3,840.79 points on Wednesday. During the session, the BRIndex-100 touched an intraday

Published 25 Apr, 2019 12:00am

French industry morale falls to near three-year low

French industrial confidence fell in April to its lowest level in nearly three years although overall business sentiment held steady, a survey showed on Wednesday. The INSEE official statistics agency said its industrial confidence index fell to 101 point

Published 25 Apr, 2019 12:00am

Tech startups can address economic, employment issues: TPL e-Ventures

CEO TPL e-Ventures Ali Samir Oosman has said that Pakistan can be a nurturing ground for technology startups to help address economic and employment challenges in the country and venture capitalists have a major role to play in bringing about a digital re

Published 25 Apr, 2019 12:00am

SC restores all taxes on mobile phone top-up cards

The Supreme Court on Wednesday restored all the taxes charged by cellular service providers on mobile phone top-up cards. A three-judge bench, headed by Chief Justice Asif Saeed Khan Khosa, after hearing the arguments reserved the judgement which was anno

Published 25 Apr, 2019 12:00am

SC restores all taxes on mobile phone top-up cards

The Supreme Court on Wednesday restored all the taxes charged by cellular service providers on mobile phone top-up cards. A three-judge bench, headed by Chief Justice Asif Saeed Khan Khosa, after hearing the arguments reserved the judgement which was anno

Published 25 Apr, 2019 12:00am

SC restores all taxes on mobile phone top-up cards

The Supreme Court on Wednesday restored all the taxes charged by cellular service providers on mobile phone top-up cards. A three-judge bench, headed by Chief Justice Asif Saeed Khan Khosa, after hearing the arguments reserved the judgement which was anno

Published 25 Apr, 2019 12:00am

SC restores all taxes on mobile phone top-up cards

The Supreme Court on Wednesday restored all the taxes charged by cellular service providers on mobile phone top-up cards. A three-judge bench, headed by Chief Justice Asif Saeed Khan Khosa, after hearing the arguments reserved the judgement which was anno

Published 25 Apr, 2019 12:00am

Government to spend Rs 100 billion annually on erstwhile Fata: PM

Prime Minister Imran Khan on Wednesday said the government would transform the erstwhile tribal areas and bring them at par with other regions with annual spending of Rs 100 billion on development and by ensuring provision of health, education and other b

Published 25 Apr, 2019 12:00am

Government to spend Rs 100 billion annually on erstwhile Fata: PM

Prime Minister Imran Khan on Wednesday said the government would transform the erstwhile tribal areas and bring them at par with other regions with annual spending of Rs 100 billion on development and by ensuring provision of health, education and other b

Published 25 Apr, 2019 12:00am

Government to spend Rs 100 billion annually on erstwhile Fata: PM

Prime Minister Imran Khan on Wednesday said the government would transform the erstwhile tribal areas and bring them at par with other regions with annual spending of Rs 100 billion on development and by ensuring provision of health, education and other b

Published 25 Apr, 2019 12:00am

Tax amnesty scheme being given final shape: official

The government said on Wednesday that the proposed tax amnesty scheme to broaden the tax base is being given final shape to seek the federal cabinet''s approval next week ahead of introducing it. This was stated by Secretary Finance Younas Dagha during a

Published 25 Apr, 2019 12:00am

Tax amnesty scheme being given final shape: official

The government said on Wednesday that the proposed tax amnesty scheme to broaden the tax base is being given final shape to seek the federal cabinet's approval next week ahead of introducing it. This was stated by Secretary Finance Younas Dagha during a b

Published 25 Apr, 2019 12:00am

Tax amnesty scheme being given final shape: official

The government said on Wednesday that the proposed tax amnesty scheme to broaden the tax base is being given final shape to seek the federal cabinet's approval next week ahead of introducing it. This was stated by Secretary Finance Younas Dagha during a b

Published 25 Apr, 2019 12:00am

Currency

PM vows to bring 'looted' wealth back

Prime Minister Imran Khan on Wednesday vowed to bring the national wealth, looted and laundered abroad by some politicians, back to the country and never to offer any NRO to the corrupt leaders who had joined hands against him in the name of democracy. Th

Published 25 Apr, 2019 12:00am

Currency

PM vows to bring 'looted' wealth back

Prime Minister Imran Khan on Wednesday vowed to bring the national wealth, looted and laundered abroad by some politicians, back to the country and never to offer any NRO to the corrupt leaders who had joined hands against him in the name of democracy. Th

Published 25 Apr, 2019 12:00am

Cotton

Anti-money laundering drive: Government says won''t countenance harassment

The government would be able to resolve the issue of Financial Action Task Force (FATF) grey list, while serious action would be taken against the officials who are involved in harassment of general public as well as businessmen in the name of anti-money

Published 25 Apr, 2019 12:00am

Cotton

Anti-money laundering drive: Government says won't countenance harassment

The government would be able to resolve the issue of Financial Action Task Force (FATF) grey list, while serious action would be taken against the officials who are involved in harassment of general public as well as businessmen in the name of anti-money

Published 25 Apr, 2019 12:00am

Cotton

Anti-money laundering drive: Government says won't countenance harassment

The government would be able to resolve the issue of Financial Action Task Force (FATF) grey list, while serious action would be taken against the officials who are involved in harassment of general public as well as businessmen in the name of anti-money

Published 25 Apr, 2019 12:00am

There was 2.8 percent average growth rate during PPP tenure: Umar

Criticising the Pakistan Peoples Party (PPP), former Finance Minister Asad Umar Wednesday said that as many as four finance ministers were changed during the PPP''''s last tenure from 2008 to 2013. Umar, who is also Pakistan Tehreek-e-Insaf (PTI) leader,

Published 25 Apr, 2019 12:00am

The Weather

The weather report on Wednesday (April 24, 2019) and the forecast for Thursday (April 25, 2019).

Published 25 Apr, 2019 12:00am

There was 2.8 percent average growth rate during PPP tenure: Umar

Criticising the Pakistan Peoples Party (PPP), former Finance Minister Asad Umar Wednesday said that as many as four finance ministers were changed during the PPP''s last tenure from 2008 to 2013. Umar, who is also Pakistan Tehreek-e-Insaf (PTI) leader, ex

Published 25 Apr, 2019 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (April 24, 2019).

Published 25 Apr, 2019 12:00am

There was 2.8 percent average growth rate during PPP tenure: Umar

Criticising the Pakistan Peoples Party (PPP), former Finance Minister Asad Umar Wednesday said that as many as four finance ministers were changed during the PPP's last tenure from 2008 to 2013. Umar, who is also Pakistan Tehreek-e-Insaf (PTI) leader, exp

Published 25 Apr, 2019 12:00am

LME official prices

The following were Tuesday official prices.

Published 25 Apr, 2019 12:00am

There was 2.8 percent average growth rate during PPP tenure: Umar

Criticising the Pakistan Peoples Party (PPP), former Finance Minister Asad Umar Wednesday said that as many as four finance ministers were changed during the PPP's last tenure from 2008 to 2013. Umar, who is also Pakistan Tehreek-e-Insaf (PTI) leader, exp

Published 25 Apr, 2019 12:00am

LME official prices

The following were Tuesday official prices.

Published 25 Apr, 2019 12:00am

Currency

Cotton dips as dollar turns robust, Texas sees rains

ICE cotton futures settled lower on Tuesday as the dollar strengthened to near two-year highs while wet weather in west Texas was deemed favourable ahead of plantation. The most-active cotton contract on ICE Futures US July settled down 0.56 cent, or 0.71

Published 25 Apr, 2019 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (April 24, 2019).

Published 25 Apr, 2019 12:00am

Copper rebounds on hopes for trade deal and Chinese growth

Copper and other base metals recovered on Wednesday from the previous day's losses, buoyed by hopes for a US-China trade deal and stronger economic growth in top metals consumer China. The White House said that top US officials will travel to Beijing for

Published 25 Apr, 2019 12:00am

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (April 24, 2019)

Published 25 Apr, 2019 12:00am

Oil hovers near six-month peak as US stockpile build counters supply fears

Oil prices steadied on Wednesday near six-month highs after data that showed US stockpiles rose to their highest levels since October 2017, countering fears of tight supply resulting from OPEC output cuts and US sanctions on Venezuela and Iran. Brent crud

Published 25 Apr, 2019 12:00am

Lahore Paper Market Rates

Paper market rates in rupees on Wednesday (April 24, 2019).

Published 25 Apr, 2019 12:00am

Tokyo rubber falls on weak oil prices

Tokyo Commodity Exchange (TOCOM) futures fell on Wednesday on weak oil prices, tracking Shanghai futures. The benchmark TOCOM rubber contract for October delivery finished 0.2 yen ($0.0018) lower at 189.6 yen per kg. The most-active rubber contract on the

Published 25 Apr, 2019 12:00am

Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Wednesday (April 24, 2019).

Published 25 Apr, 2019 12:00am

Vegetable Oil

Palm oil reverses losses

Malaysian palm oil futures recouped earlier losses to close flat at the end of the trading day on Wednesday, helped by gains in the US soyaoil and on prospects of improving export demand. The benchmark palm oil contract for July delivery on the Bursa Mala

Published 25 Apr, 2019 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (April 24, 2019).

Published 25 Apr, 2019 12:00am

Currency

Cocoa falls, erasing April gains; raw sugar, coffee down

Cocoa futures on ICE fell on Wednesday, erasing gains made so far this month as the market consolidated further following the end of a short-covering rally, while raw sugar and coffee fell as the currency of top producer Brazil weakened. July New York coc

Published 25 Apr, 2019 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (April 24, 2019).

Published 25 Apr, 2019 12:00am

Currency

Gold drops in New York

Gold prices slipped to a near four-month low on Tuesday as the US dollar gained and investors sought out riskier assets, dampening the safe-haven metal's appeal. Spot gold was down 0.3 percent at $1,271.36 per ounce as of 1:48 p.m. EDT (1748 GMT), after f

Published 25 Apr, 2019 12:00am

Dollar's rate in interbank market

Interbank closing rates for dollar on Wednesday (April 24, 2019).

Published 25 Apr, 2019 12:00am

Gold inches up in Asia

Gold prices inched up from the previous session's four-month low on Wednesday, as a dollar rally relented and equities softened. Spot gold was up 0.1 percent at $1,270.60 per ounce by 0948 GMT, after hitting its lowest price since the end of last year at

Published 25 Apr, 2019 12:00am

Kerb

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Wednesday (April 24, 2019).

Published 25 Apr, 2019 12:00am

Gold steadies near four-month low in Europe

Gold steadied on Wednesday, crawling up slightly from the lowest in nearly four months hit during the previous session, with bullion pressured by a robust dollar as US stocks took a breather following a strong rally. Spot gold was up 0.2 percent at $1,274

Published 25 Apr, 2019 12:00am

Currency

THE RUPEE: improves further

The rupee improved further against the dollar on the money market on Wednesday in process of trading activity, dealers said. The rupee held the week-long levels versus the dollar for buying and selling at Rs 141.39 and Rs 141.40, they said.

Published 25 Apr, 2019 12:00am

US MIDDAY: corn, soya to multimonth lows

US corn futures fell to their lowest level in seven months on Wednesday and spot soyabean futures hit a 5-1/2 month low on ample global supplies and dimming prospects for US export business, analysts said. Wheat also declined, with Chicago Board of Trade

Published 25 Apr, 2019 12:00am

Currency

THE RUPEE: improves further

The rupee improved further against the dollar on the money market on Wednesday in process of trading activity, dealers said. The rupee held the week-long levels versus the dollar for buying and selling at Rs 141.39 and Rs 141.40, they said.

Published 25 Apr, 2019 12:00am

US MIDDAY: gold surges

Gold prices edged higher on Wednesday, recovering from a near four-month low touched in the previous session under pressure from a strong dollar, as US stocks took a breather following a rally. Spot gold was up 0.3 percent to $1,276.50 per ounce as of 1:3

Published 25 Apr, 2019 12:00am

Mutual Funds

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Wednesday (April 24, 2019)

Published 25 Apr, 2019 12:00am

Mutual Funds

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Wednesday (April 24, 2019)

Published 25 Apr, 2019 12:00am

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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