News Archives for Print - 2019-04-26

Gold climbs in Europe

Gold rose to its highest in more than a week on Thursday, supported by a slight retreat in the dollar and a pullback in global equities as demand for riskier assets cooled. Spot gold was up 0.2 percent at $1,277.87 per ounce as of 12:22 p.m. EDT (1622 GMT

Published 26 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 Thursday (April 25, 2019).

Published 26 Apr, 2019 12:00am

Gold gains in Asia

Gold prices edged up on Thursday as a dip in equities and weak economic data from far and wide raised flags about the pace of global economic growth, while a firm dollar curbed further gains for the metal. Spot gold rose 0.2 percent to $1,277.72 per ounce

Published 26 Apr, 2019 12:00am

Dollar's rate in interbank market

Interbank closing rates for dollar on Thursday (April 25, 2019).

Published 26 Apr, 2019 12:00am

Gold prices move up in New York

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 26 Apr, 2019 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (April 25, 2019).

Published 26 Apr, 2019 12:00am

Currency

Robusta coffee falls to fresh three-year low, sugar slips

Robusta coffee futures on ICE fell to a more than three-year low on Thursday as the market pulled into line with weak arabica coffee prices, while raw sugar declined despite bullish production data from Brazil. July robusta coffee settled down $1, or 0.07

Published 26 Apr, 2019 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (April 25, 2019).

Published 26 Apr, 2019 12:00am

Vegetable Oil

Palm oil slides on overnight soyaoil losses

Malaysian palm oil futures charted a third session of loses in four on Thursday evening, tracking weakness in overnight US soyaoil prices and on forecasts of slower-than-expected declines in output. The benchmark palm oil contract for July delivery on the

Published 26 Apr, 2019 12:00am

Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Thursday (April 25, 2019).

Published 26 Apr, 2019 12:00am

Tokyo rubber rises on strong oil

Tokyo Commodity Exchange (TOCOM) futures rose on Thursday, supported by firm oil prices, and recovering from last week's losses. The benchmark TOCOM rubber contract for October delivery finished 1.4 yen ($0.0125) higher at 191 yen per kg. The most-active

Published 26 Apr, 2019 12:00am

Lahore Paper Market Rates

Paper market rates in rupees on Thursday (April 25, 2019).

Published 26 Apr, 2019 12:00am

Brent slips from $75/bbl as investors doubt rally will endure

Oil prices eased after Brent touched $75 per barrel on Thursday for the first time in nearly six months on the suspension of some Russian crude exports to Europe as investors second-guessed the market's ability to rally further. Brent crude futures settle

Published 26 Apr, 2019 12:00am

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (April 25, 2019)

Published 26 Apr, 2019 12:00am

Strong dollar, growth fears push copper to one-month low

Copper prices fell on Thursday as worries over the global economic outlook increased and the US dollar hit its strongest in almost two years, making metals more expensive for buyers with other currencies. Benchmark copper on the London Metal Exchange (LME

Published 26 Apr, 2019 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (April 25, 2019).

Published 26 Apr, 2019 12:00am

Cotton

Cotton futures rise following upbeat export sales data

ICE cotton futures settled higher on Thursday as firm weekly export sales report from the United States Department of Agriculture reassured investors that demand for US cotton was robust. The most-active cotton contract on ICE Futures US July settled up 1

Published 26 Apr, 2019 12:00am

LME official prices

The following were Wednesday official prices.

Published 26 Apr, 2019 12:00am

Currency

TSA to be credit negative for banks: Moody's

Moody's Investors Service says introduction of treasury single account (TSA) would be credit negative for Pakistani banks' funding and liquidity as well as profitability. Moody's in its latest report, "Financial Institutions - Asia", states that on April

Published 26 Apr, 2019 12:00am

LME official prices

The following were Wednesday official prices.

Published 26 Apr, 2019 12:00am

Currency

TSA to be credit negative for banks: Moody's

Moody's Investors Service says introduction of treasury single account (TSA) would be credit negative for Pakistani banks' funding and liquidity as well as profitability. Moody's in its latest report, "Financial Institutions - Asia", states that on April

Published 26 Apr, 2019 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (April 25, 2019).

Published 26 Apr, 2019 12:00am

Currency

TSA to be credit negative for banks: Moody''s

Moody''s Investors Service says introduction of treasury single account (TSA) would be credit negative for Pakistani banks'' funding and liquidity as well as profitability. Moody''s in its latest report, "Financial Institutions - Asia", states that on Apr

Published 26 Apr, 2019 12:00am

The Weather

The weather report on Thursday (April 25, 2019) and the forecast for Friday (April 26, 2019).

Published 26 Apr, 2019 12:00am

Currency

TSA to be credit negative for banks: Moody''''s

Moody''''s Investors Service says introduction of treasury single account (TSA) would be credit negative for Pakistani banks'''' funding and liquidity as well as profitability. Moody''''s in its latest report, "Financial Institutions - Asia", states that

Published 26 Apr, 2019 12:00am

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

National Clearing Company declares daily settlement information for local & foreign investors on Thursday (April 25, 2019).

Published 26 Apr, 2019 12:00am

BRI: China vows to ease debt concerns

China aims to make the Belt and Road initiative sustainable and prevent debt risks, its finance minister said on Thursday, seeking to allay criticism that the infrastructure plan to boost trade and investment creates a heavy burden for some nations. The p

Published 26 Apr, 2019 12:00am

BRI: China vows to ease debt concerns

China aims to make the Belt and Road initiative sustainable and prevent debt risks, its finance minister said on Thursday, seeking to allay criticism that the infrastructure plan to boost trade and investment creates a heavy burden for some nations. The p

Published 26 Apr, 2019 12:00am

BRI: China vows to ease debt concerns

China aims to make the Belt and Road initiative sustainable and prevent debt risks, its finance minister said on Thursday, seeking to allay criticism that the infrastructure plan to boost trade and investment creates a heavy burden for some nations. The p

Published 26 Apr, 2019 12:00am

Certain auto parts, vehicles: China agrees to give access

Pakistan has not granted concessions on Complete Built Units (CBU) and local auto parts (SRO 693(1)/2006 under the China Pakistan Free Trade Agreement- II (CPFTA-II), well-informed sources told Business Recorder. Both countries, however, have agree

Published 26 Apr, 2019 12:00am

Certain auto parts, vehicles: China agrees to give access

Pakistan has not granted concessions on Complete Built Units (CBU) and local auto parts (SRO 693(1)/2006 under the China Pakistan Free Trade Agreement- II (CPFTA-II), well-informed sources told Business Recorder. Both countries, however, have agree

Published 26 Apr, 2019 12:00am

Certain auto parts, vehicles: China agrees to give access

Pakistan has not granted concessions on Complete Built Units (CBU) and local auto parts (SRO 693(1)/2006 under the China Pakistan Free Trade Agreement- II (CPFTA-II), well-informed sources told Business Recorder. Both countries, however, have agree

Published 26 Apr, 2019 12:00am

PM to deliver key-note address

Prime Minister Imran Khan Thursday left for China on a four-day visit to attend the 2nd Belt and Road Forum in Beijing where he would also hold bilateral meetings with President Xi Jinping and Premier Li Keqiang, the Foreign Office said. During Prime Mini

Published 26 Apr, 2019 12:00am

PM to deliver key-note address

Prime Minister Imran Khan Thursday left for China on a four-day visit to attend the 2nd Belt and Road Forum in Beijing where he would also hold bilateral meetings with President Xi Jinping and Premier Li Keqiang, the Foreign Office said. During Prime Mini

Published 26 Apr, 2019 12:00am

Mutual Funds

Amnesty scheme: Assets may be required to be repatriated or invested in PBC

The amnesty scheme may specify that any foreign asset declared shall be required to be repatriated to Pakistan or invested in Pakistan Banao Certificate before filing of declaration in the specified manner in the Assets Declaration Ordinance, 2019.

Published 26 Apr, 2019 12:00am

Mutual Funds

Amnesty scheme: Assets may be required to be repatriated or invested in PBC

The amnesty scheme may specify that any foreign asset declared shall be required to be repatriated to Pakistan or invested in Pakistan Banao Certificate before filing of declaration in the specified manner in the Assets Declaration Ordinance, 2019.

Published 26 Apr, 2019 12:00am

Mutual Funds

Amnesty scheme: Assets may be required to be repatriated or invested in PBC

The amnesty scheme may specify that any foreign asset declared shall be required to be repatriated to Pakistan or invested in Pakistan Banao Certificate before filing of declaration in the specified manner in the Assets Declaration Ordinance, 2019.

Published 26 Apr, 2019 12:00am

BRIndex100 extends gains

Pakistan Stock Exchange Thursday closed on a positive note on the second consecutive day on the back of fresh buying in various sectors. BRIndex100 gained 43.95 points or 1.14 percent to close at 3,884.74 points. BRIndex100 touched intraday high of 3,902.

Published 26 Apr, 2019 12:00am

BRIndex100 extends gains

Pakistan Stock Exchange Thursday closed on a positive note on the second consecutive day on the back of fresh buying in various sectors. BRIndex100 gained 43.95 points or 1.14 percent to close at 3,884.74 points. BRIndex100 touched intraday high of 3,902.

Published 26 Apr, 2019 12:00am

BRIndex100 extends gains

Pakistan Stock Exchange Thursday closed on a positive note on the second consecutive day on the back of fresh buying in various sectors. BRIndex100 gained 43.95 points or 1.14 percent to close at 3,884.74 points. BRIndex100 touched intraday high of 3,902.

Published 26 Apr, 2019 12:00am

Abbasi defends PML-N government's LNG deal

Former Prime Minister Shahid Khaqan Abbasi on Thursday told the Combined Investigation Team (CIT) of National Accountability Bureau (NAB) that there was no irregularity in the award of liquefied natural gas (LNG) contract and it was signed as per rules an

Published 26 Apr, 2019 12:00am

Abbasi defends PML-N government's LNG deal

Former Prime Minister Shahid Khaqan Abbasi on Thursday told the Combined Investigation Team (CIT) of National Accountability Bureau (NAB) that there was no irregularity in the award of liquefied natural gas (LNG) contract and it was signed as per rules an

Published 26 Apr, 2019 12:00am

Country progressing under Imran leadership: President

President Dr. Arif Alvi Thursday said that Pakistan has been progressing under the leadership of Prime Minister Imran Khan.

Published 26 Apr, 2019 12:00am

EasyTickets breaks record selling over 8,000 digital tickets to Avengers

EasyTickets, Pakistan's 1 ticketing platform, Thursday announced that it has already clocked over 8,000 digital tickets sales for Avengers: Endgame before the movie's release in Pakistan. Several cinemas reported outages due to the high load on their tick

Published 26 Apr, 2019 12:00am

Foreign Exchange Remittance Card created

The Ministry of Overseas Pakistanis has created Foreign Exchange Remittance Card to facilitate all those who remit money through legitimate banking channels. The Senate Standing Committee on Overseas Pakistanis met here on Thursday under the chairmanship

Published 26 Apr, 2019 12:00am

Foreign Exchange Remittance Card created

The Ministry of Overseas Pakistanis has created Foreign Exchange Remittance Card to facilitate all those who remit money through legitimate banking channels. The Senate Standing Committee on Overseas Pakistanis met here on Thursday under the chairmanship

Published 26 Apr, 2019 12:00am

Foreign Exchange Remittance Card created

The Ministry of Overseas Pakistanis has created Foreign Exchange Remittance Card to facilitate all those who remit money through legitimate banking channels. The Senate Standing Committee on Overseas Pakistanis met here on Thursday under the chairmanship

Published 26 Apr, 2019 12:00am

Quarter ended March 31, 2019: Allied Bank's PBT soars to Rs 6.250 billion

Despite rising interest rate scenario, outlook for the banking sector in 2019 remains immersed in challenges stemming from a suppressed economic outlook, imposition of stringent regulatory and compliance costs, arbitrary super tax imposition, rising cost

Published 26 Apr, 2019 12:00am

Quarter ended March 31, 2019: Allied Bank's PBT soars to Rs 6.250 billion

Despite rising interest rate scenario, outlook for the banking sector in 2019 remains immersed in challenges stemming from a suppressed economic outlook, imposition of stringent regulatory and compliance costs, arbitrary super tax imposition, rising cost

Published 26 Apr, 2019 12:00am

Quarter ended March 31, 2019: Allied Bank''s PBT soars to Rs 6.250 billion

Despite rising interest rate scenario, outlook for the banking sector in 2019 remains immersed in challenges stemming from a suppressed economic outlook, imposition of stringent regulatory and compliance costs, arbitrary super tax imposition, rising cost

Published 26 Apr, 2019 12:00am

Quarter ended March 31, 2019: Allied Bank''''s PBT soars to Rs 6.250 billion

Despite rising interest rate scenario, outlook for the banking sector in 2019 remains immersed in challenges stemming from a suppressed economic outlook, imposition of stringent regulatory and compliance costs, arbitrary super tax imposition, rising cost

Published 26 Apr, 2019 12:00am

Shaikh to help resolve Etisalat dispute

The government of Pakistan Tehreek-e-Insaaf (PTI) will resume talks with the management of Dubai-based Etisalat for payment of outstanding dues under the newly-appointed Advisor to Prime Minister on Finance, Revenue and Economic Affairs Dr Abdul Hafeez Sh

Published 26 Apr, 2019 12:00am

Shaikh to help resolve Etisalat dispute

The government of Pakistan Tehreek-e-Insaaf (PTI) will resume talks with the management of Dubai-based Etisalat for payment of outstanding dues under the newly-appointed Advisor to Prime Minister on Finance, Revenue and Economic Affairs Dr Abdul Hafeez Sh

Published 26 Apr, 2019 12:00am

Shaikh to help resolve Etisalat dispute

The government of Pakistan Tehreek-e-Insaaf (PTI) will resume talks with the management of Dubai-based Etisalat for payment of outstanding dues under the newly-appointed Advisor to Prime Minister on Finance, Revenue and Economic Affairs Dr Abdul Hafeez Sh

Published 26 Apr, 2019 12:00am

Bilawal asks government to take parliament into confidence over IMF deal

Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto-Zardari has claimed that Pakistan Tehreek-e-Insaf (PTI) government's deal with International Monetary Fund (IMF) would be unconstitutional if it does not take the Parliament into confidence about it. Bi

Published 26 Apr, 2019 12:00am

Bilawal asks government to take parliament into confidence over IMF deal

Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto-Zardari has claimed that Pakistan Tehreek-e-Insaf (PTI) government's deal with International Monetary Fund (IMF) would be unconstitutional if it does not take the Parliament into confidence about it. Bi

Published 26 Apr, 2019 12:00am

Pakistan, Iran agree to work closely on pipeline project: FO

The Foreign Office said on Thursday that Pakistan and Iran have agreed to work closely for the implementation of Iran-Pakistan (IP) gas pipeline project which was duly discussed during Prime Minister Imran Khan's two-day visit to the country. Speaking at

Published 26 Apr, 2019 12:00am

Pakistan, Iran agree to work closely on pipeline project: FO

The Foreign Office said on Thursday that Pakistan and Iran have agreed to work closely for the implementation of Iran-Pakistan (IP) gas pipeline project which was duly discussed during Prime Minister Imran Khan's two-day visit to the country. Speaking at

Published 26 Apr, 2019 12:00am

Pakistan, Iran agree to work closely on pipeline project: FO

The Foreign Office said on Thursday that Pakistan and Iran have agreed to work closely for the implementation of Iran-Pakistan (IP) gas pipeline project which was duly discussed during Prime Minister Imran Khan''s two-day visit to the country. Speaking at

Published 26 Apr, 2019 12:00am

Former US VP Biden announces 2020 run for White House

Former US vice president Joe Biden jumped into the race for the White House on Thursday, becoming the frontrunner in a crowded field challenging Donald Trump in 2020 - and hoping to be the oldest leader in American history. The party's 76-year-old senior

Published 26 Apr, 2019 12:00am

Former US VP Biden announces 2020 run for White House

Former US vice president Joe Biden jumped into the race for the White House on Thursday, becoming the frontrunner in a crowded field challenging Donald Trump in 2020 - and hoping to be the oldest leader in American history. The party's 76-year-old senior

Published 26 Apr, 2019 12:00am

Rising budget deficit: No solution in sight?

The budget deficit rose to 4.2 percent of Gross Domestic Product (GDP) during the first nine months of the current fiscal year. The International Monetary Fund (IMF) has projected total budget deficit for the ongoing year at 7.2 percent, rising to 8.7 per

Updated 26 Apr, 2019 06:38am

Legal fraternity's war of words

A war of words has broken out in the lawyers' fraternity over the contentious issue of independence of the judiciary. The controversy was sparked off by a resolution passed by a six-member executive committee of the Punjab Bar Council (PbBC) on April 20,

Updated 26 Apr, 2019 06:39am

Fiscal challenges before Hafeez Shaikh

The reality behind annual growth of 16-20% in revenue collection of Federal Board of Revenue (FBR) from 2013 to 2018 remains untold. The facts reveal that behind the "extraordinary" (claimed and acclaimed) revenue growth lies not only blocking of refunds

Published 26 Apr, 2019 12:00am

A tax on inherited wealth

Like second marriage, Pakistan's forthcoming recourse to IMF will be a triumph of hope over experience. It is now up to us to mitigate the adverse effects of this unfortunate decision.

Published 26 Apr, 2019 12:00am

World Intellectual Property Rights Day - 2019: Protection of intellectual property rights and sports goods industry

Every year, April 26, is celebrated as World Intellectual Property Rights Day by member States of World Intellectual Property Organization (WIPO), including Pakistan, in order to learn about the role that Intellectual Property (IP) rights play in encourag

Published 26 Apr, 2019 12:00am

CPFTA-II and our local industry

Beijing and Islamabad have agreed to enter into China-Pakistan Free Trade Agreement-II (CPFTA-II), which will be finalised during the four-day visit of Prime Minister Imran Khan to China.

Published 26 Apr, 2019 12:00am

Fire erupts at Banking Court

Fire erupted at the Banking Court on Thursday that damaged infrastructure at the court premises. According to details, the Banking Court at the GPO square engulfed fire that was led by an immediate action by the rescue to overcome fire. Sources said some

Published 26 Apr, 2019 12:00am

NA adopts Elections (Amendment) Bill amid opposition's protest over PM's remarks

The National Assembly Thursday passed 'the Elections (Amendment) Bill, 2019' amid opposition's protest against Prime Minister Imran Khan for calling PPP chairman Bilawal Bhutto-Zardari with suffix Sahiba (a term to address a woman) during his Wednesday's

Published 26 Apr, 2019 12:00am

SC urged to release Nawaz on bail unconditionally

The apex court was requested to release former Prime Minister Nawaz Sharif on bail without specification of any condition, as treatment recommended by doctors unequivocally show that treatment as well as full recovery is not possible within six weeks.

Published 26 Apr, 2019 12:00am

General Financial Rules: Power Division asked to surrender Rs 24 billion anticipated savings

The Power Division has been asked to surrender the anticipated savings of about Rs 24 billion of financial year 2018-19 as per General Financial Rules (GFR) due before or on May 15 each year, well-informed sources told Business Recorder.

Published 26 Apr, 2019 12:00am

13 children diagnosed with AIDS in Larkana

At least 13 children were tested positive for HIV AIDS (acquired immune deficiency syndrome) in Ratodero, a town of Larkana on Thursday. According to In-charge of the HIV Aids Control Programme Dr Abdul Hafeez, the blood samples of 16 children were sent t

Published 26 Apr, 2019 12:00am

Qadirpur Loop Bund: Federal-funded project in Sindh will protect national assets

A recently approved federal-funded project in Sindh will protect national assets including gas filed, power plants, cantonment areas and highways from the onslaught of flood.

Published 26 Apr, 2019 12:00am

CNS attends symposium in China

Chief of the Naval Staff, Admiral Zafar Mahmood Abbasi is on an official visit to China. During his ongoing visit, the Naval chief attended "high level symposium" and interacted with Heads of Foreign Navies, says a press release issued here on Thursday.

Published 26 Apr, 2019 12:00am

Senate condemns terrorist attacks in Sri Lanka

The Upper House of the Parliament on Thursday unanimously passed a resolution condemning the terrorist attacks in Sri Lanka on the occasion of Easter in which over 350 people lost their lives.

Published 26 Apr, 2019 12:00am

Babar for changing Afghan policy based on zero sum game with India

Secretary General Pakistan Peoples Party (PPP) Senator Farhatullah Babar has said that the Prime Minister's recent remarks describing the current Afghan government a hurdle to peace is a reiteration of undeclared state policy of not accepting any Kabul go

Published 26 Apr, 2019 12:00am

Female worker of anti-polio drive killed in Chaman

A female worker of anti-polio immunisation campaign was gunned down and another injured on Thursday in Balochistan's Chaman. Assistant Commissioner Syed Sami Agha told reporters that unidentified suspects opened fire at the immunisation team in Sultan Zai

Published 26 Apr, 2019 12:00am

EFP presents proposals for federal budget

The Employers' Federation of Pakistan (EFP) has urged for broadening the tax base, lower cost of doing business and simplify tax procedures for long term economic development.

Published 26 Apr, 2019 12:00am

Record breaking handling of DAP fertilizer by QSE

Quayside Services Enterprise (Stevedore) and Fatima Group team bilaterally have achieved the remarkable discharging rate of 11058 MT of DAP fertilizer in history of Karachi Port Trust (KPT) at East Wharf. The credit of this achievement goes to both teams

Published 26 Apr, 2019 12:00am

Saudi Arabia for exploring more avenues of investment in Gwadar

Saudi Arabia has expressed keen interest for exploring more avenues for investment in Gwadar as there is huge potential for trade and economic activities. This was deliberated during a meeting of Chairman of Saudi Shura Council with Chairman Senate Muhamm

Published 26 Apr, 2019 12:00am

FY 2017-18 & 1st Quarter 2018-19: SNGPL posts historical highest profit

SNGPL declared its Annual and First Quarter accounts and recorded solid growth by posting highest ever annual after tax profit of Rs 11,121 million and EPS of Rs. 17.54 for the year ended June 30, 2018. Profit after tax has increased by 29.10% as compared

Published 26 Apr, 2019 12:00am

SBP launches credit guarantee scheme for women

The State Bank of Pakistan (SBP) has announced the launch of a refinance-cum-credit guarantee scheme for women borrowers to revive the economic activities in the country and support the SBP's measures for improving access to finance for women entrepreneur

Published 26 Apr, 2019 12:00am

CDA drive against illegal housing societies begins

The Capital Development Authority kicked off its drive against illegal housing societies in the federal capital on Thursday.

Published 26 Apr, 2019 12:00am

Seminar on 'CPEC: Strategising Pakistan's Narrative' held at CPSC

The China-Pakistan Economic Corridor (CPEC) is a flagship project of Chinese President Xi Jinping's Belt and Road Initiative (BRI) which has been very well received and appreciated across the world.

Published 26 Apr, 2019 12:00am

Alvi lauds role of business community in social sector

Pakistan has emerged as a politically mature nation as it has proved though its conduct that despite of its limited financial resources it has been generously accommodating 3.5 million Afghan refugees for the last many decades, said Dr Arif Alvi President

Published 26 Apr, 2019 12:00am

BankIslami earns Rs 251 million PAT in Q1 of 2019

The Board of Directors of BankIslami has approved the Bank's First Quarter Financial Statements for the period ended March 31, 2019 in their meeting held in Karachi on April 24, 2019. The Bank has witnessed a promising start of the year 2019 and posted im

Published 26 Apr, 2019 12:00am

BankIslami earns Rs 251 million PAT in Q1 of 2019

The Board of Directors of BankIslami has approved the Bank's First Quarter Financial Statements for the period ended March 31, 2019 in their meeting held in Karachi on April 24, 2019. The Bank has witnessed a promising start of the year 2019 and posted im

Published 26 Apr, 2019 12:00am

LHC extends interim pre-arrest bail of Hamza

The Lahore High Court (LHC) on Thursday extended interim pre-arrest bail of the Leader of Opposition in Punjab Assembly, Hamza Shahbaz, till May 8 in Saaf Paani project, Ramza Sugar Mills and assets beyond means being probed by National Accountability Bur

Published 26 Apr, 2019 12:00am

NAB granted physical remand of Park Lane Estates' accountant

The Accountability Court hearing the fake bank accounts case on Thursday granted National Accountability Bureau (NAB) the physical remand of an accountant of a firm, owned by former president and Pakistan People Party (PPP) Co-Chairman Asif Ali Zardari, t

Published 26 Apr, 2019 12:00am

Elahi, Buzdar discuss Punjab government issues

Punjab Assembly Speaker Chaudhry Pervaiz Elahi met with provincial Chief Minister Sardar Usman Buzdar, here at the provincial assembly Thursday and discussed matters pertaining to the affairs of the PTI-led coalition government in Punjab besides matters o

Published 26 Apr, 2019 12:00am

Silkbank declares Q1 operating profit of Rs 456 million

The Board of Directors of Silkbank Limited in their meeting held on April 25, 2019 declared an operating profit of Rs 456 million for the first quarter ended March 31, 2019. Gross interest income recorded an increase of 32 percent whereas Fees, Commission

Published 26 Apr, 2019 12:00am

Silkbank declares Q1 operating profit of Rs 456 million

The Board of Directors of Silkbank Limited in their meeting held on April 25, 2019 declared an operating profit of Rs 456 million for the first quarter ended March 31, 2019. Gross interest income recorded an increase of 32 percent whereas Fees, Commission

Published 26 Apr, 2019 12:00am

Soneri Bank earns Rs 723 million profit after tax

Soneri Bank Limited posted profit before tax (PBT) of Rs 1,201 million and profit after tax (PAT) of Rs 723 million for the quarter ended March 2019, as compared to Rs 1,016 million and Rs 660 million respectively in the same period last year. This indica

Published 26 Apr, 2019 12:00am

Soneri Bank earns Rs 723 million profit after tax

Soneri Bank Limited posted profit before tax (PBT) of Rs 1,201 million and profit after tax (PAT) of Rs 723 million for the quarter ended March 2019, as compared to Rs 1,016 million and Rs 660 million respectively in the same period last year. This indica

Published 26 Apr, 2019 12:00am

Use of drugs by students: Elahi for formation of parliamentary committee

Speaker Punjab Assembly Chaudhry Pervez Elahi on Thursday directed that a parliamentary committee should be constituted under law minister in order to control the use of drugs by youth particularly by students.

Published 26 Apr, 2019 12:00am

Three factories producing fake pulp and substandard juice sealed

The Punjab Food Authority sealed three juice factories over producing fake and substandard juices while taking action in various parts of the city as a part of a grand operation to eliminate the sale of impure food items before the arrival of Ramazan Muba

Published 26 Apr, 2019 12:00am

Buzdar reviews OLMT's pace of work

Punjab Chief Minister Sardar Usman Buzdar on Thursday visited the Orange Line Metro Train depot at Dera Gujran and directed authorities concerned that in the light of court directions, timely completion of Orange Line project should be ensured.

Published 26 Apr, 2019 12:00am

LCCI demands daily use items on discount rates in Ramazan

The Lahore Chamber of Commerce and Industry (LCCI) has appealed to the business community to facilitate the masses and ensure provision of daily use items on discounted rates during the Holy Month of Ramazan.

Published 26 Apr, 2019 12:00am

Sindh cabinet approves land for five more power plants in Thar

Sindh cabinet has approved allotment of land for setting up five more power plants near Islamkot in Tharparkar. It was revealed to the media at a briefing on the decisions taken by the provincial cabinet. Adviser to the Sindh Chief Minister on Information

Published 26 Apr, 2019 12:00am

Hepatitis/cancer: Pakistan wins best poster presentation award

Pakistan has won an award for best poster presentation on research about simultaneous treatment of Hepatitis C in patients undergoing treatment of blood cancer (leukemia). In children prevailing practice is not to treat hepatitis C till the treatment of b

Published 26 Apr, 2019 12:00am

Currency	Rate
USD PKR Interbank Selling / Jan 31	279.03
USD PKR Interbank Buying / Jan 31	278.88
USD to Japanese Yen / Jan 31	155.19
USD to Swiss Franc / Jan 31	0.91
Pound Sterling to USD / Jan 31	1.24
Euro to USD / Jan 31	1.04

Stock	Volume
Hang Seng / Jan 30	20,225.11
S&P 500 / Jan 31	6,040.53
India Sensex / Jan 31	77,500.57
Tokyo Nikkei / Jan 31	39,572.49
Nasdaq / Jan 31	19,627.44
FTSE 100 / Jan 31	8,673.96
Dow Jones / Jan 31	44,544.66
Germany DAX 30 / Jan 31	21,732.05

Item	Value
Crude Oil USD/Barrel / Jan 31	72.53
Karachi Cotton PKR/37.32 KG / Jan 31	18,285
Gold 10 Grams PKR / Jan 31	250,171
Gold Spot USD/Ounce / Jan 31	2,798.41
Cotton US¢/pound / Jan 31	65.88
Petrol/Litre / Feb 2	256.13

Stock	Price
Kohinoor Ind. / Jan 31 Kohinoor Industries Limited(KOIL)	10.21 ▲ 1 (10.86%)
IGI Life Ins / Jan 31 IGI Life Insurance Limited(IGIL)	15.13 ▲ 1.38 (10.04%)
Sana Ind / Jan 31 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
Tariq Corporation / Jan 31 Tariq Corporation Limited(TCORP)	16.91 ▲ 1.54 (10.02%)
I.C.C. Ind. / Jan 31 ICC Industries Limited(ICCI)	15.72 ▲ 1.43 (10.01%)
Redco Textile / Jan 31 Redco Textiles Limited(REDCO)	24.17 ▲ 2.2 (10.01%)
Leather Up Ltd. / Jan 31 Leather Up Limited(LEUL)	53.74 ▲ 4.89 (10.01%)
Pak Leather / Jan 31 Pak Leather Crafts Limited(PAKL)	32.63 ▲ 2.97 (10.01%)
Dandot Cement / Jan 31 Dandot Cement Company Limited(DNCC)	16.48 ▲ 1.5 (10.01%)

Stock	Price
Blue-Ex Ltd / Jan 31 Blue-Ex Limited (GEM)(GEMBLUEX)	54.86 ▼ -6.1 (-10.01%)
D.M. Textile / Jan 31 D.M. Textile Mills Limited(DMTX)	63 ▼ -7 (-10%)
First Imrooz Mod. / Jan 31 First Imrooz Modaraba(FIMM)	189 ▼ -21 (-10%)
Power Cem(Pref) / Jan 31 Power Cement (Pref)(POWERPS)	10.41 ▼ -1.15 (-9.95%)
National Silk / Jan 31 The National Silk & Rayon Mills Limited(NSRM)	40.84 ▼ -4.51 (-9.94%)
Sec. Inv. Bank / Jan 31 Security Investment Bank Limited(SIBL)	7.83 ▼ -0.76 (-8.85%)
Shahtaj Sugar / Jan 31 Shahtaj Sugar Mills Limited(SHJS)	109.56 ▼ -10.44 (-8.7%)
Kohinoor Mills / Jan 31 Kohinoor Mills Limited(KML)	31.05 ▼ -2.9 (-8.54%)
F.Credit & Inv / Jan 31 First Credit and Investment Bank Limited(FCIBL)	7.28 ▼ -0.66 (-8.31%)

Stock	Volume
Cnergyico PK / Jan 31 Cnergyico PK Limited(CNERGY)	66,672,997 ▲ 0.14
Sui South Gas / Jan 31 Sui Southern Gas Company Limited(SSGC)	48,364,956 ▼ -1.33
WorldCall Telecom / Jan 31 Worldcall Telecom Limited(WTL)	36,344,486 ▼ -0.06
Waves Home Appliances / Jan 31 Waves Home Appliances Limited(WAVESAPP)	33,226,540 ▼ -0.77
Bank Makramah / Jan 31 Bank Makramah Limited(BML)	31,509,642 ▲ 0.04
B.O.Punjab / Jan 31 The Bank of Punjab(BOP)	17,873,860 ▲ 0.2
K-Electric Ltd. / Jan 31 K-Electric Limited(KEL)	16,969,744 ▼ -0.07
Pak Refinery / Jan 31 Pakistan Refinery Limited(PRL)	16,492,313 ▼ -0.57
Treet Battery / Jan 31 Treet Battery Limited(TBL)	15,390,342 ▲ 1.07

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