News Archives for Print - 2019-05-02

Sangakkara named as first non-British MCC president

Former Sri Lanka captain Kumar Sangakkara has been appointed as the first non-British president of the Marylebone Cricket Club. The wicketkeeper-batsman, whose nomination was announced by current president Anthony Wreford on Wednesday, will begin his one-

Published 02 May, 2019 12:00am

Smith says elbow 'all good' ahead of Australia return

Australia's Steve Smith has brushed aside concerns for his surgically repaired elbow after landing awkwardly from a stunning diving catch in the Indian Premier League. Smith, who is due to play in the World Cup starting later this month, helped his Rajast

Published 02 May, 2019 12:00am

Bangladesh change World Cup strip after uproar

Bangladesh has altered its World Cup cricket strip to add a touch of red following uproar over the initial design, which some had likened to rival Pakistan's kit, the cricket board said Wednesday. The national flag of Bangladesh is red and green, but the

Published 02 May, 2019 12:00am

US MIDDAY: Gold down

Gold prices edged lower on Wednesday as a rebound in global equities made safe-haven assets less attractive, and markets awaited the Federal Reserve's latest policy announcement later in the day. Spot gold was down 0.2% to $1,280.31 per ounce as of 12:55

Published 02 May, 2019 12:00am

Soyabeans sink to fresh lows

US soyabean futures fell to fresh contract lows on Wednesday, pressured by sluggish exports and worries that rain-delayed US corn seeding would expand the number of acres planted with soyabeans, which can be sown later in the spring.

Published 02 May, 2019 12:00am

Gold little changed in European trade

Gold prices were little changed on Wednesday ahead of Federal Reserve's latest policy announcement later in the day, while rejuvenating global equities made safety assets less lucrative to investors. Spot gold was down 0.1 percent to $1,282.56 per ounce a

Published 02 May, 2019 12:00am

Currency

Gold prices ease in Asia

Gold inched down on Wednesday after investors developed more appetite for riskier equities before the US Federal Reserve's monetary policy decision due later in the day. Spot gold was down 0.1 percent at $1,282.46 per ounce at 0954 GMT, while US gold futu

Published 02 May, 2019 12:00am

Currency

Gold surges in New York

Gold prices firmed on Tuesday as the dollar slipped to a one-week low, making bullion more attractive, with investors awaiting the Federal Reserve's interest rate decision this week to gauge the outlook for US monetary policy.

Published 02 May, 2019 12:00am

Robusta coffee at 3-year low, sugar falls to four-month low

Raw sugar prices on ICE fell to their lowest in about four months, pressured by weaker energy prices, and robusta prices tumbled to a new three-year low amid plentiful supplies and broader commodity market weakness.

Published 02 May, 2019 12:00am

Canada ups loans to farmers after China blocks canola

Canada increased loans to farmers Wednesday after China blocked shipments of canola - its most valuable crop - amid diplomatic tensions between Ottawa and Beijing.

Published 02 May, 2019 12:00am

Iraq rakes in $7 billion in oil revenues in April, highest in 2019

Iraq made more than $7 billion in April from its crude exports, the highest monthly revenues yet this year, according to figures released by the oil ministry on Wednesday. Federal authorities exported just under 104 million barrels last month, averaging a

Published 02 May, 2019 12:00am

Aluminium, lead hit lowest in over two years on fund selling

Aluminium and lead prices slid to their lowest in more than two years on Wednesday as computer-driven funds sold after an options expiry amid concerns about demand in top metals consumer China. Traders said there was no specific news that triggered a shar

Published 02 May, 2019 12:00am

Aaj TV - Thursday's schedule

All timings are in PST (Pakistan Standard Time).

Published 02 May, 2019 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 02 May, 2019 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 02 May, 2019 12:00am

Currency

Currency values in terms of Special Drawing Rights

The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special Drawing Rights (SDR).

Published 02 May, 2019 12:00am

Libor

LIBOR interbank offered rates

London Interbank Offered Rates (LIBOR) on Wednesday (May 01, 2019).

Published 02 May, 2019 12:00am

LME official prices

The following were Tuesday official prices.

Published 02 May, 2019 12:00am

LME official prices

The following were Tuesday official prices.

Published 02 May, 2019 12:00am

The Weather

The weather report on Wednesday (May 01, 2019) and the forecast for Thursday (May 02, 2019).

Published 02 May, 2019 12:00am

Oil prices mixed as talk of extending OPEC cuts faces rising US supply

Oil futures ended little changed on Wednesday after supply curbs, including further talk on an extension to OPEC-led cuts, offset rising US crude inventories and record production.

Published 02 May, 2019 12:00am

Cotton

Cotton slips to near seven-week low on US-China deal concerns, Texas weather

ICE cotton futures fell to near a seven-week low on Wednesday, weighed down by uncertainty about US-China trade talks, while favourable planting conditions for the natural fibre in major producer Texas pressured prices further. The most-active cotton cont

Published 02 May, 2019 12:00am

Message on World Labour Day: 'Mazdoor-Ka-Ehsaas' initiative launched

Prime Minister Imran Khan on Wednesday announced the launch of "Mazdoor-Ka-Ehsaas" initiative in a message he sent to not only Pakistan but the world on Labour Day. In his message, he said that the initiative "is one of the pillars under the government's

Published 02 May, 2019 12:00am

Message on World Labour Day: 'Mazdoor-Ka-Ehsaas' initiative launched

Prime Minister Imran Khan on Wednesday announced the launch of "Mazdoor-Ka-Ehsaas" initiative in a message he sent to not only Pakistan but the world on Labour Day. In his message, he said that the initiative "is one of the pillars under the government's

Published 02 May, 2019 12:00am

US, Taliban resume talks as Kabul seeks role in process

American and Taliban officials resumed talks in Qatar on Wednesday aimed at ending a 17-year war in Afghanistan, while the Afghan government hosted a rare assembly in Kabul to ensure its interests are upheld in any peace deal. The Taliban issued a stateme

Published 02 May, 2019 12:00am

US, Taliban resume talks as Kabul seeks role in process

American and Taliban officials resumed talks in Qatar on Wednesday aimed at ending a 17-year war in Afghanistan, while the Afghan government hosted a rare assembly in Kabul to ensure its interests are upheld in any peace deal. The Taliban issued a stateme

Published 02 May, 2019 12:00am

Afghan border: Three soldiers martyred as Army repulses attack

Pakistan Army Wednesday repulsed an armed attack from across the Afghan border and killed scores of terrorists in North Waziristan. The Inter-Services Public Relations (ISPR), media wing of Pakistan Army, said that the force killed various terrorists in N

Published 02 May, 2019 12:00am

Afghan border: Three soldiers martyred as Army repulses attack

Pakistan Army Wednesday repulsed an armed attack from across the Afghan border and killed scores of terrorists in North Waziristan. The Inter-Services Public Relations (ISPR), media wing of Pakistan Army, said that the force killed various terrorists in N

Published 02 May, 2019 12:00am

UN adds Masood Azhar to terror list after China lifts objections

The United Nations on Wednesday added Mas-ood Azhar to its list of global terrorists after China lifted its objections to the move. The UN sanctions committee on the Islamic State and Al-Qaeda announced in a press release the designation of Azhar, leader

Published 02 May, 2019 12:00am

UN adds Masood Azhar to terror list after China lifts objections

The United Nations on Wednesday added Mas-ood Azhar to its list of global terrorists after China lifted its objections to the move. The UN sanctions committee on the Islamic State and Al-Qaeda announced in a press release the designation of Azhar, leader

Published 02 May, 2019 12:00am

Divisible pool: MoF yet to communicate REs

Finance Ministry has yet to communicate the revised estimates (REs) of tax collections in the divisible pool for the current year, disabling provinces from making appropriate adjustment in their development and current expenditures accordingly. This was r

Published 02 May, 2019 12:00am

Divisible pool: MoF yet to communicate REs

Finance Ministry has yet to communicate the revised estimates (REs) of tax collections in the divisible pool for the current year, disabling provinces from making appropriate adjustment in their development and current expenditures accordingly. This was r

Published 02 May, 2019 12:00am

Divisible pool: MoF yet to communicate REs

Finance Ministry has yet to communicate the revised estimates (REs) of tax collections in the divisible pool for the current year, disabling provinces from making appropriate adjustment in their development and current expenditures accordingly. This was r

Published 02 May, 2019 12:00am

Privatisation: ECC may again place PSM on active list today

The Econ-omic Coordination Committee (ECC) is likely to again place Pakistan Steel Mills (PSM) on the active list of privatisation Thursday (today), official sources told Business Recorder.

Published 02 May, 2019 12:00am

Privatisation: ECC may again place PSM on active list today

The Econ-omic Coordination Committee (ECC) is likely to again place Pakistan Steel Mills (PSM) on the active list of privatisation Thursday (today), official sources told Business Recorder.

Published 02 May, 2019 12:00am

Privatisation: ECC may again place PSM on active list today

The Econ-omic Coordination Committee (ECC) is likely to again place Pakistan Steel Mills (PSM) on the active list of privatisation Thursday (today), official sources told Business Recorder.

Published 02 May, 2019 12:00am

May fires defence minister over Huawei leak

British Prime Minister Theresa May fired her defence minister on Wednesday over a leak of discussions in the National Security Council about Chinese telecoms company Huawei, the latest of her allies to be ousted from government.

Published 02 May, 2019 12:00am

May fires defence minister over Huawei leak

British Prime Minister Theresa May fired her defence minister on Wednesday over a leak of discussions in the National Security Council about Chinese telecoms company Huawei, the latest of her allies to be ousted from government.

Published 02 May, 2019 12:00am

Hafeez, too, optimistic about IMF bailout

Advisor to Prime Minister on Finance, Dr Abdul Hafeez Shaikh Tuesday said that he is hopeful that the talks on bailout package with the International Monetary Fund (IMF) will turn out to be successful. Talking to media after holding talks with the IMF off

Published 02 May, 2019 12:00am

Hafeez, too, optimistic about IMF bailout

Advisor to Prime Minister on Finance, Dr Abdul Hafeez Shaikh Tuesday said that he is hopeful that the talks on bailout package with the International Monetary Fund (IMF) will turn out to be successful. Talking to media after holding talks with the IMF off

Published 02 May, 2019 12:00am

Hafeez, too, optimistic about IMF bailout

Advisor to Prime Minister on Finance, Dr Abdul Hafeez Shaikh Tuesday said that he is hopeful that the talks on bailout package with the International Monetary Fund (IMF) will turn out to be successful. Talking to media after holding talks with the IMF off

Published 02 May, 2019 12:00am

PPP, PML-N behind Rs 30,000 billion debt: PM

Admitting that masses are going through a difficult time, Prime Minister Imran Khan on Wednesday said that his government would put the country on the path of sustained economic development and prosperity by taking bold measures according to the model of

Published 02 May, 2019 12:00am

PPP, PML-N behind Rs 30,000 billion debt: PM

Admitting that masses are going through a difficult time, Prime Minister Imran Khan on Wednesday said that his government would put the country on the path of sustained economic development and prosperity by taking bold measures according to the model of

Published 02 May, 2019 12:00am

Nations using oil 'as a weapon' causing damage to OPEC: Iran

Iran's oil minister hit out on Wednesday against the use of oil sanctions "as a weapon" by the United States and the damage it was doing to OPEC, according to SHANA, the news outlet of the OPEC member's oil ministry. Oil prices hit their highest since Nov

Published 02 May, 2019 12:00am

Nations using oil 'as a weapon' causing damage to OPEC: Iran

Iran's oil minister hit out on Wednesday against the use of oil sanctions "as a weapon" by the United States and the damage it was doing to OPEC, according to SHANA, the news outlet of the OPEC member's oil ministry. Oil prices hit their highest since Nov

Published 02 May, 2019 12:00am

Fed leaves interest rates unchanged

The Federal Reserve held interest rates steady on Wednesday as policymakers took heart in continued U.S. job gains and economic growth and held out hope that weak inflation will edge higher. "The labor market remains strong ... economic activity rose at a

Published 02 May, 2019 12:00am

Fed leaves interest rates unchanged

The Federal Reserve held interest rates steady on Wednesday as policymakers took heart in continued U.S. job gains and economic growth and held out hope that weak inflation will edge higher. "The labor market remains strong ... economic activity rose at a

Published 02 May, 2019 12:00am

Fed leaves interest rates unchanged

The Federal Reserve held interest rates steady on Wednesday as policymakers took heart in continued U.S. job gains and economic growth and held out hope that weak inflation will edge higher. "The labor market remains strong ... economic activity rose at a

Published 02 May, 2019 12:00am

Currency

'Homegrown' macroeconomic framework

The recent medium-term projections by some of the major multilateral agencies have created a strong sense of apprehension about the future prospects for the economy of Pakistan. For example, the World Bank expects the GDP growth to be 3.4 percent in 2018-

Published 02 May, 2019 12:00am

Currency

'Homegrown' macroeconomic framework

The recent medium-term projections by some of the major multilateral agencies have created a strong sense of apprehension about the future prospects for the economy of Pakistan. For example, the World Bank expects the GDP growth to be 3.4 percent in 2018-

Published 02 May, 2019 12:00am

Assange jailed for 50 weeks for UK bail breach

WikiLeaks founder Julian Assange was sentenced Wednesday to 50 weeks in jail for breaching a British court order seven years ago, when he took refuge in Ecuador's London embassy to avoid extradition to Sweden. The Australian whistleblower, who was arreste

Published 02 May, 2019 12:00am

PTCL organises Box of Happiness initiative for elderly

Pakistan Telecommunication Company Limited (PTCL) organised a Box of Happiness initiative for the elderly in the first quarter of 2019 through its in-house volunteer force, PTCL Razakaar. PTCL employees from numerous regions of Pakistan donated generously

Published 02 May, 2019 12:00am

Renewable energy policy draft finalised by PD

Power Division has finalised draft Renewable Energy Policy 2019 to be presented to the Federal Cabinet for approval, envisaging 25 percent of total generation capacity from Alternative and Renewable Energy Technologies (ARET) by 2025 and 30 percent by 203

Published 02 May, 2019 12:00am

Renewable energy policy draft finalised by PD

Power Division has finalised draft Renewable Energy Policy 2019 to be presented to the Federal Cabinet for approval, envisaging 25 percent of total generation capacity from Alternative and Renewable Energy Technologies (ARET) by 2025 and 30 percent by 203

Published 02 May, 2019 12:00am

Renewable energy policy draft finalised by PD

Power Division has finalised draft Renewable Energy Policy 2019 to be presented to the Federal Cabinet for approval, envisaging 25 percent of total generation capacity from Alternative and Renewable Energy Technologies (ARET) by 2025 and 30 percent by 203

Published 02 May, 2019 12:00am

Pakistan will 'immediately' enforce UNSC sanctions on Masood Azhar: FO

The Foreign Office said Wednesday that Pakistan will immediately enforce the UN Security Council's sanctions on Jaish-e-Mohammad (JeM) chief Masood Azhar following the UN body formally added him to its ISIL (Da'esh) and Al-Qaida Sanctions List, agreed aft

Published 02 May, 2019 12:00am

Pakistan will 'immediately' enforce UNSC sanctions on Masood Azhar: FO

The Foreign Office said Wednesday that Pakistan will immediately enforce the UN Security Council's sanctions on Jaish-e-Mohammad (JeM) chief Masood Azhar following the UN body formally added him to its ISIL (Da'esh) and Al-Qaida Sanctions List, agreed aft

Published 02 May, 2019 12:00am

An oily challenge

The federal cabinet referred the decision to raise the price of petroleum and products (POL) as proposed by Oil and Gas Regulatory Authority (Ogra) to the Economic Coordination Committee of the Cabinet (ECC) headed by Dr Hafeez Sheikh, the Advisor to the

Updated 03 May, 2019 07:18am

ECL issue

The Exit Control List (ECL) has once again intruded into the limelight with the revelation that former prime minister Shahid Khaqan Abbasi and former finance minister Miftah Ismail have been placed, along with five others, on it on April 26, 2019. Reporte

Updated 02 May, 2019 06:42am

Currency

The End of History and the Last IMF

In his 1992 book The End of History and the Last Man Fukuyama argued that following the end of Cold War liberal democracy and capitalism were here to stay. He didn't think it was a period of history but the end of history; the end point of our ideological

Published 02 May, 2019 12:00am

Currency

Inflation, price hike and Pakistan's economic structure - I

In the following months, especially in the month of Ramazan, our main topic of discussion will be inflation and resultant price hike. As expected there will be political uproar at various forums. As usual this subject will then be analyzed in relation to

Published 02 May, 2019 12:00am

How Russia 'contaminated' $2.7bn of oil exports to Europe

It was a quiet Easter holiday at the offices of major European oil companies and refiners when an email in Russian landed. "What the hell does it say?" one manager recalled thinking as he sent it to his Moscow office for translation.

Published 02 May, 2019 12:00am

Human smuggling - I

In its latest report on human trafficking, the National Commission for Human Rights (NCHR) makes the shocking disclosure that during the last year more than 80,000 Pakistanis were deported from various countries, nearly half of them from Saudi Arabia (whi

Published 02 May, 2019 12:00am

CM condemns terrorists attack in NW

Punjab Chief Minister Sardar Usman Buzdar on Wednesday condemned the terrorists' attack in the border area of Northern Waziristan. He praised the bravery of jawans of Pak Army and added that they have failed the nefarious designs of terrorists.

Published 02 May, 2019 12:00am

GCU student wins national calculus contest

Government Colleague University (GCU) Vice Chancellor Prof Dr Hassan Amir Shah has congratulated a student of Mathematics Department on won prestigious National Calculus Contest 2019. Naufil Sakran, a student of Mathematics Department at the GC University

Published 02 May, 2019 12:00am

Clean and Green Pakistan drive to continue across Punjab: CS

Chief Secretary Punjab Yousaf Naseem Khokhar has directed that the Clean and Green Pakistan campaign will be continued across the province in a vigorous manner, saying that special attention should be paid to improving cleanliness, besides massive tree pl

Published 02 May, 2019 12:00am

Karachi to experience heatwave till Saturday

Heat wave continued to simmer the city on Wednesday with temperature touching 42 degrees Celsius, according to the Met Office. The heat wave spell at a speed between 10 to 15 nautical miles is expected to continue until Saturday, May 4 with temperature ra

Published 02 May, 2019 12:00am

Army's role in safeguarding ideology of Pakistan lauded

Custodian of Eidgah Shrine Pir Muhammad Naqeeb-ur-Rehman and Sahib Zada Pir Muhammad Hassan Haseeb-ur-Rehman Wednesday appreciated the role of Pakistan's armed forces in safeguarding ideological and geographical frontiers of the country in a highly profes

Published 02 May, 2019 12:00am

Tobacco companies donation for dams won't affect anti-tobacco policy: Mirza

Special Assistant to Prime Minister on National Health Services Dr Zafar Mirza on Wednesday said that tobacco company's Rs 5 million donation for Diamer-Bhasha and Mohmand Dams will not impact the government's anti-tobacco policy. His statement comes afte

Published 02 May, 2019 12:00am

UNFPA launches world population report in Pakistan

The United Nations Population Fund (UNFPA) launched its annual 'State of World Population Report-2019' in Pakistan, calling for the full realisation of reproductive health and addressing the impacts of high population growth. "Global evidence has shown th

Published 02 May, 2019 12:00am

Partly Facetious : NS needs to revisit his accountant's performance

"One event in one's life and one is forever remembered for it. That's just not fair."

Published 02 May, 2019 12:00am

Afghan delegation meets Qureshi

A delegation of Afghan politicians, academicians, journalists and businessmen called on Foreign Minister Shah Mahmood Qureshi on Wednesday. Welcoming the delegation, Foreign Minister Qureshi conveyed Pakistan's strong desire for a peaceful and stable Afgh

Published 02 May, 2019 12:00am

Special Court to take up high treason case against Musharraf today

The Special Court will take up the high treason case against former President and Army Chief General Pervez Musharraf (retd) today (Thursday). Justice Tahira Safdar, President Special Court, on March 28 had summoned Musharraf on May 2 for recording statem

Published 02 May, 2019 12:00am

Government urged to overhaul national taxation system in toto

Mohammad Adnan Jalil, a prominent entrepreneur and former vice president, Federation of Pakistan Chamber of Commerce and Industry (FPCCI) has called for complete overhauling of the national taxation system to abolish or merge other taxes to collect only t

Published 02 May, 2019 12:00am

Talks with IMF on ST: Sindh CM writes letter to Hafeez

Sindh Chief Minister Syed Murad Ali Shah said he believed as Pakistan moved forward in the talks with IMF, the respect for the provincial autonomy would be ensured in the line federal government would take on the issue of sales tax.

Published 02 May, 2019 12:00am

WeBOC goes operational at KEPZ from today

The Web Based One Customs (WeBOC) is going to be operational at Karachi Exports Processing Zone (KEPZ) from May 2, 2019 (today). According to the notification issued by Model Customs Collectorate of Export (PMBQ), the WeBOC module is going to be operation

Published 02 May, 2019 12:00am

HBL recognized at BRI forum in China

Last week, a high-powered delegation from HBL led by Muhammad Aurangzeb, President & CEO HBL, attended the financial forums held under the aegis of 2nd Belt and Road (BRI) Forum for International Cooperation, in Beijing, China between 25-27 April 2019. HB

Published 02 May, 2019 12:00am

Satellite TV broadcast stations: PBA condemns Pemra's decision of issuing new licences

Pakistan Broadcasters Association (PBA) has strongly objected to and condemned Pemra's decision to conduct the auction proceedings for the issuance of new licences for satellite TV broadcast stations on 2nd May, 2019, and 3rd May, 2019, without deciding t

Published 02 May, 2019 12:00am

Ruling elite least bothered about workers' plight: PDP chief

"The ruling elite is least concerned about the plight of workers, only attending photo sessions of the May 01, and our parliamentarians are doing nothing for the rights of labours," said Pasban Democratic Party (PDP) Chairman, Altaf Shakoor.

Published 02 May, 2019 12:00am

Untrained workers to get Rs 16,500 as minimum wages: Buzdar

Announcing minimum wages of untrained and trained workers at Rs 16500 and Rs 17000 to Rs 19000, respectively, Punjab Chief Minister Sardar Usman Buzdar said on Wednesday that the insurance scheme is being introduced for the treatment of laborers after ret

Published 02 May, 2019 12:00am

IMF deal won't be accepted sans NA's nod: Bilawal

Pakistan People's Party chairman Bilawal Bhutto-Zardari warned the PTI-led federal government on Wednesday that his party will reject any deal with International Monetary Fund (IMF), without getting it approved from the National Assembly.

Published 02 May, 2019 12:00am

Uplift of Chitral: AKDN's contribution lauded

Pakistan Tehreek-e-Insaf Senator Samina Saeed has said that the contribution of Aga Khan Development Network (AKDN) in health, education and social development sectors for the backward district of Chitral are second to none.

Published 02 May, 2019 12:00am

MCB Bank partners with WorldRemit for digital money transfers

Leading digital money transfer service WorldRemit has joined forces with MCB Bank (MCB) for digital money transfers to Pakistan. Using the WorldRemit app or website, Pakistanis living in over 50 countries including the UK, the United States and Canada, ca

Published 02 May, 2019 12:00am

Standard Chartered Saadiq holds art exhibition

Building on our brand promise here for good, Standard Chartered Saadiq organised 'Rhythms of Recurrence' - an exclusive exhibition of contemporary works of art and selected artifacts based on the underlying grid in Islamic geometry, historically used in a

Published 02 May, 2019 12:00am

Arshad Jamal named acting FPCCI chief

Muhammad Arshad Jamal, vice president FPCCI, has been nominated as acting president FPCCI. According to the office order, Muhammad Arshad Jamal, vice president FPCCI is performing duty as 'acting president' FPCCI during the official visit of President FPC

Published 02 May, 2019 12:00am

Trade unions take out rallies to mark Labour Day

The Labour Day was observed in different parts of the provincial metropolis to express solidarity with workers and labourers on Wednesday.

Published 02 May, 2019 12:00am

Trade unions take out rallies to mark Labour Day

The Labour Day was observed in different parts of the provincial metropolis to express solidarity with workers and labourers on Wednesday.

Published 02 May, 2019 12:00am

Mango growers: MRI Multan to introduce ICM

In order to achieve yield and quality enhancement and increasing Pakistan's share in the global mango market, Mango Research Institute (MRI) Multan is introducing Integrated Crop Management (ICM) to mango growers, which include drip irrigation, nutrition,

Published 02 May, 2019 12:00am

New Khanki Barrage Wazirabad: 'DESCON completes construction in record 50 months'

"DESCON which is the leading construction company of Pakistan has recently completed the construction of new Khanki Barrage Wazirabad at the cost of Rs 21.3 billion in record 50 months. The project is funded by Asian Development Bank and Government of Pun

Published 02 May, 2019 12:00am

IBA, Total Communications ink MoU for 'InfoSec Conference'

The Centre for Information & Communication Technology (CICT), IBA Karachi and Total Communications Pakistan, signed a memorandum of understanding (MoU) regarding the IBA-CICT's participation as an Academic Strategic Partner for InfoSec 2019. The MoU was s

Published 02 May, 2019 12:00am

Mutual Funds

Pakistan Oilfields Limited (POL)

A key player in the local E&P oil and gas sector, Pakistan Oilfields Limited (PSX: POL) is primarily engaged in the exploration, drilling and production of crude oil and gas in the country. It is a subsidiary of the Attock Oil Company Limited (AOC). After

Published 02 May, 2019 12:00am

Currency

Pakistan Oilfields Limited (POL)

A key player in the local E&P oil and gas sector, Pakistan Oilfields Limited (PSX: POL) is primarily engaged in the exploration, drilling and production of crude oil and gas in the country. It is a subsidiary of the Attock Oil Company Limited (AOC). After

Updated 02 May, 2019 08:10am

Three soldiers martyred: Afghan diplomat summoned over cross-border terrorist attack

Pakistan on Wednesday lodged a strong protest with Afghanistan and called for an immediate action against terrorists on its side by summoning top Afghan diplomat over cross-border terrorist attack in North Waziristan which resulted in martyrdom of three P

Published 02 May, 2019 12:00am

US CG attends first-ever US pulses seminar

Consul General JoAnne Wagner attended the first ever US pulses seminar titled "USA Pulses - the Standard for Quality" in Karachi. The seminar was organized in collaboration between FAS Islamabad and the USA Dry Pea and Lentil Council.

Published 02 May, 2019 12:00am

US firm offers healthcare facilities in Punjab

A renowned American firm has offered different healthcare facilities throughout the province. A representative of the firm announced this in a function chaired by provincial Health Minister Dr Yasmeen Rashid on Wednesday. Dr Yasmeen addressing the functio

Published 02 May, 2019 12:00am

SBP extends date for IFRS implementation on leases

The State Bank of Pakistan (SBP) has granted six months extension for implementation of International Financial Reporting Standard on Leases. According to SBP, implementation of International Financial Reporting Standard on Leases (IFRS16) on the banking

Published 02 May, 2019 12:00am

KPC's life membership for Barrister Sibghatullah

Karachi Press Club (KPC) awarded the life membership to Barrister Sibghatullah Kadri (Queen Council) for his services for the freedom of press, freedom of expression, human rights and civil liberties. The London-based Barrister Kadri also known in oversea

Published 02 May, 2019 12:00am

Vehicles' owners: Excise department resumes issuance of smart cards

The Excise Department has resumed issuance of smart cards to the owners of vehicles registered with the department. The decision was taken in line with the approval of cabinet committee and new standard operating procedures (SOPs) have been devised to dea

Published 02 May, 2019 12:00am

US provides list of Pakistanis for repatriation

United States has provided a list of Pakistani citizens to Foreign Office for their repatriation to the country after verification who are illegally residing in America. Diplomatic sources said that the US Embassy in Islamabad has approached Prime Ministe

Published 02 May, 2019 12:00am

Saudi companies keen to import apparels and hand-made carpets

The Saudi businessmen have shown their keen interest to import traditional and world class handmade carpets, apparel and chemical products from Pakistan. A Saudi companies' delegation led by Saud Abdullah met with the Friends of Economic and Business Refo

Published 02 May, 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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