News Archives for Print - 2019-05-09

Print - 2019-05-09

Administration 'only option for cash-strapped Bolton'

Bolton Wanderers chairman Ken Anderson has announced he will be forced to place the relegated English Championship club into administration. Former Watford chairman Laurence Bassini had made a takeover bid but Bolton said last week the deal was off.

Published 09 May, 2019 12:00am

Flintoff backs Stokes to 'steal the show' for England

Andrew Flintoff believes Ben Stokes can "steal the show" for England in a home season featuring both the World Cup and the Ashes. For the first time since the inaugural men's World Cup in 1975, England are staging arguably the two biggest events in their

Published 09 May, 2019 12:00am

Currency

Yen rises against dollar in Asia

Growing fears about the impact of a worsening US-Sino trade conflict on global growth lifted the safe-haven Japanese yen to a six-week high against the dollar on Wednesday. Elsewhere in the markets, the New Zealand dollar hit its weakest in half a year af

Published 09 May, 2019 12:00am

Currency

Dollar weakens across the board in Europe

The dollar weakened across the board on Wednesday as growing concerns about the escalating trade dispute between China and the United States prompted investors to raise their expectations of a US rate cut later in the year. Unlike previous episodes of tra

Published 09 May, 2019 12:00am

Currency

Early trade in New York: Dollar flat as market weighs US-China trade deal risks

The dollar was roughly flat on Wednesday as foreign exchange traders held off from making big moves as they weighed news about progress in the trade talks between the United States and China. Unlike previous episodes of trade tensions when the dollar bene

Published 09 May, 2019 12:00am

Currency

Yen stronger against dollar in NY

The US dollar weakened against the Japanese yen on Tuesday as foreign exchange traders sought out safe-haven assets and placed bets on increasing currency volatility after President Donald Trump threatened to impose additional tariffs on Chinese goods.

Published 09 May, 2019 12:00am

Currency

Most emerging Asian currencies down

Most emerging Asian currencies weakened on Wednesday, as fresh doubts about whether the United States and China can end their trade war rekindled worries about global growth. Beijing said on Tuesday that Chinese Vice Premier Liu He will travel to Washingt

Published 09 May, 2019 12:00am

Sri Lanka rupee up

Sri Lankan rupee closed firmer for the second straight session on Wednesday on dollar selling by banks. The rupee strengthened 1.1 percent on Wednesday to close at 175.00/50 per dollar, compared with Monday's close of 176.90/177.10, market sources said. S

Published 09 May, 2019 12:00am

Currency

Sterling slumps as Brexit talks falter

Sterling slumped on Wednesday on signs that Brexit talks between Britain's government and the main opposition party may soon collapse. The pound has been falling as negotiations between the Conservative and Labour Parties lumber on with little success and

Published 09 May, 2019 12:00am

Kiwi hits six-month low, Aussie up

The New Zealand dollar hit its weakest in six-months on Wednesday after the country's central bank cut interest rates to record lows and projected a chance of even lower rates in the future, sending bond yields to an all-time trough. The kiwi dollar was o

Published 09 May, 2019 12:00am

Cotton

PMEX daily trading report

On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,743. The traded value of Metals, Energy and COTS/FX was recorded at PKR 12.585 billion and the number of lots traded 16,494. Major business was contributed by NSDQ100 amo

Published 09 May, 2019 12:00am

CBOT soyabean futures higher

Short covering pushed Chicago Board of Trade (CBOT) soyabean futures higher on Tuesday, a day after the market posted new contract lows for the sixth consecutive session. CBOT July soyabeans ended up 1/2-cent at $8.30-3/4 per bushel, after notching a cont

Published 09 May, 2019 12:00am

Brazil's sugar output set to rise in 2019-20

Brazil is expected to produce a smaller cane crop in 2019/20 than in the previous season, but sugar output is set to rise, government agency Conab said on Tuesday in its first report for the new crop that started in April.

Published 09 May, 2019 12:00am

European wheat futures rise in thin trade

European wheat futures in Paris rose on Tuesday in thin trade as the market steadied after hitting life-of-contract lows on Monday. Latest US crop data confirming spring planting had been delayed by the weather also encouraged grain markets to consolidate

Published 09 May, 2019 12:00am

Asia's gasoline dives; naphtha also falls

Asia's gasoline crack slumped to a two-month low of $4.52 a barrel on Tuesday, while naphtha had a smaller fall and reached a two-session low of $45.90 a tonne on adequate supplies. Naphtha arriving in Asia this month from the Middle East and the West, in

Published 09 May, 2019 12:00am

China's iron ore futures rise over 4 percent

China's iron ore futures rose more than 4 percent on Tuesday, stoked by concerns over tight supply as Vale halted resuming operations at its Brucutu iron ore mining complex. The Brazilian miner on Monday said that a court had ordered it to hold production

Published 09 May, 2019 12:00am

Activities at Karachi and Qasim ports

The Karachi Port handled 142,495 tonnes of cargo comprising 100,701 tonnes of import cargo and 41,794 tonnes of export cargo including 7,190 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargos of

Published 09 May, 2019 12:00am

Cotton

Cotton prices up on short supply

Official spot rates gained modestly on the cotton market on Wednesday in the process of trading activity, dealers said. The official spot rate was higher by Rs 50 to Rs 8850, they added. In the ready session, over 4000 bales of cotton changed hands betwee

Published 09 May, 2019 12:00am

CBOT wheat futures rise

US wheat futures rose on Tuesday on technical buying, traders said, joining corn and soybeans in positive territory. CBOT July soft red winter (SRW) wheat closed up 2-1/4 cents at $4.39-1/2 per bushel. The contract has recovered since hitting a low of $4.

Published 09 May, 2019 12:00am

Ethiopia seeks to buy 1 million tonnes of wheat

The lowest offer in the tender from the Ethiopian government to buy 600,000 tonnes of wheat which closed on April 30 was $225.40 a tonne c&f, traders said on Monday.

Published 09 May, 2019 12:00am

Charges dropped against Canada vice admiral in leaks case

Prosecutors on Wednesday dropped breach of trust charges against the former second in command of Canada's military who had been accused of leaking cabinet secrets related to navy shipbuilding plans.

Published 09 May, 2019 12:00am

Modi rocks Delhi as India election moves to capital

Prime Minister Narendra Modi fired up a big, raucous rally in a hot Delhi late Wednesday as India's almost seven-week election approaches its conclusion later this month. "When work is done with good intentions, it also yields results. Inflation used to b

Published 09 May, 2019 12:00am

Uber, Lyft drivers strike to press demands on rideshare firms

Thousands of Uber and Lyft drivers turned off their apps Wednesday in a series of job actions across US cities protesting pay and working conditions at the big ride-hailing services.

Published 09 May, 2019 12:00am

Prince Harry and Meghan name 'dream' son Archie

Britain's Prince Harry and wife Meghan on Wednesday announced their new "dream" son's name is Archie, hours after showing him off to the world for the first time. "The Duke and Duchess of Sussex are pleased to announce they have named their first born chi

Published 09 May, 2019 12:00am

British PM rejects calls for resignation timetable

Prime Minister Theresa May on Wednesday resisted demands from within her party to give a clear timetable for stepping down, with her spokesman insisting she would stay until Britain's exit from the EU is finalised.

Published 09 May, 2019 12:00am

Car ploughs into young children in Japan, killing two

A car ploughed into a group of kindergarten children in western Japan's Shiga region on Wednesday, killing two toddlers and injuring others, police said. Police said the car veered onto the pavement after making "contact" with another larger vehicle that

Published 09 May, 2019 12:00am

Trump blocks 'reckless' Congress demands over Russia probe

Donald Trump refused Wednesday to release materials demanded by Congress on investigations into the US leader, asserting his presidential authority for the first time in an escalating conflict with Democratic lawmakers. The White House is seeking to shiel

Published 09 May, 2019 12:00am

Palestinan food aid threatened by 'serious funding crisis': UN

The UN warned Wednesday that its agencies providing food assistance to Gaza must raise tens of millions of dollars within weeks to avoid significant aid cuts. The UN's World Food Programme and its agency for Palestinian refugees, UNRWA, currently provide

Published 09 May, 2019 12:00am

Six die in New York apartment fire, four are children

A fire in an apartment building in Harlem early Wednesday claimed the lives of six people, including four children, the New York Fire Department said. About a hundred firefighters converged on the building in response to an emergency call at 1:40am (064

Published 09 May, 2019 12:00am

Student killed in US school shooting

A teenaged student was fatally shot and multiple others were wounded Tuesday in a school shooting by fellow pupils in the US state of Colorado, across town from one of the worst gun massacres in the country's modern history. "It is with extreme sadness th

Published 09 May, 2019 12:00am

China building third aircraft carrier

Recent satellite photographs indicate China's construction of its third aircraft carrier is well underway, a Washington think tank reported Tuesday. ChinaPower, a unit of the Center for Strategic and International Studies, published photos of a large vess

Published 09 May, 2019 12:00am

Russia expels two Swedish diplomats

Sweden's foreign ministry said Moscow had expelled two of its diplomats Wednesday, following a Swedish move to deny visas to two Russian envoys, in the latest blow to relations already shaken by a row over spying.

Published 09 May, 2019 12:00am

Pompeo warns UK over China network role

US Secretary of State Mike Pompeo warned Britain on Wednesday that allowing China a role in its 5G network risked undermining the historic allies' intelligence sharing, during a visit to London that also highlighted their differences on Iran.

Published 09 May, 2019 12:00am

Cotton

Cotton futures decline on trade concerns, Texas rains

ICE cotton futures extended losses for a third session on Wednesday on worries that US-China trade talks had soured further, while rains in Texas could improve planting conditions.

Published 09 May, 2019 12:00am

Copper nears three-month low before US-China trade talks

Copper fell to a near three-month low on Wednesday on concerns over a potential resumption of tit-for-tat trade tariffs between the United States and China ahead of last-ditch negotiations.

Published 09 May, 2019 12:00am

Oil rises after surprise fall in US crude inventories

Oil futures gained on Wednesday, boosted by a surprise drawdown in US crude stockpiles, but an escalating US-Chinese trade fight limited oil's gains as investors worried about the global outlook for energy demand.

Published 09 May, 2019 12:00am

Tokyo rubber falls

Tokyo Commodity Exchange (TOCOM) futures fell, as renewed trade tension between China and the United States continued to weigh on markets. The benchmark TOCOM rubber contract for October delivery finished 1.8 yen ($0.0163) lower at 189 yen per kg. The mos

Published 09 May, 2019 12:00am

Currency

Palm oil eases on trade war worries

Malaysian palm oil futures fell on Wednesday, pressured by concerns over the Sino-US trade conflict and as the ringgit strengthened. A stronger ringgit, palm's currency of trade, usually makes the edible oil more expensive for foreign buyers. The ringgit,

Published 09 May, 2019 12:00am

Brazil set for record corn harvest

Brazil's corn output this season will be the highest on record after farmers collect their second harvest in the coming weeks, commodities consultancy AgRural forecast on Wednesday.

Published 09 May, 2019 12:00am

Currency

Robusta coffee at nine-year low, raw sugar falls

Robusta coffee prices on ICE fell on Wednesday to a fresh nine-year low as sales by Vietnamese exporters increased, while raw sugar prices sank as supply concerns weighed and chart signals weakened.

Published 09 May, 2019 12:00am

Gold edges up in New York

Gold prices gained on Tuesday as stock markets weakened after a US threat to hike tariffs on Chinese imports renewed trade tensions and improved demand for safe-haven bullion.

Published 09 May, 2019 12:00am

Gold hits 1-week high in Asia

Gold prices hit their highest level in more than a week on Wednesday as renewed concern over the US-China trade dispute and its potential impact on global growth dented risk sentiment, spurring some demand for safe-haven assets.

Published 09 May, 2019 12:00am

Gold dips in Europe

Gold prices slipped after climbing to a more than three week peak on Wednesday as safe haven demand eased after the White House said it had received an indication from China that it wanted to make a trade deal, easing fears over the dispute's potential im

Published 09 May, 2019 12:00am

US MIDDAY: grain, soya futures down

US grain and soyabean futures slumped on Wednesday as forecasts for drier weather in the American Midwest fuelled hopes that farmers will be able to make progress planting corn after delays.

Published 09 May, 2019 12:00am

US MIDDAY: gold slips

Gold prices slipped after climbing to a more than three-week peak on Wednesday as safe haven demand eased after the White House said it had received an indication from China that Beijing wanted to make a trade deal.

Published 09 May, 2019 12:00am

Cotton

FY-2018-2019: Sindh E&T department collects Rs 60.16 billion

Sindh Excise and Taxation department on Wednesday claimed to have collected Rs 60.16 billion revenue during last 10 months of current fiscal year. During current financial year from July 2018 to April 2019, the Sindh E&T department has collected Rs 60.160

Published 09 May, 2019 12:00am

High-priced vegetables, fruits go beyond common man's reach

People have complained about soaring prices of vegetables, fruits and other essentials as Ramadan began, a holy month in which Muslims worldwide abstain from eating and drinking from dawn to dusk. In different retail markets in the city, prices of the ing

Published 09 May, 2019 12:00am

Import of pulses drops by 4 percent

Pakistan's seafood import dipped to $393.357 million in July-Mar 2018-19, down by 4 percent, official figures say. Fall in pulses import now comes to the tune of $14.573 million in July-Mar 2018-19 from $407.930 million in July-Mar 2017-18, Pakistan Burea

Published 09 May, 2019 12:00am

Mutual Funds

Gharibwal Cement

Gharibwal Cement (PSX: GWCL) is a cement manufacturer located in district Chakwal of Punjab supplying to northern domestic markets in Pakistan. Incorporated in 1961, the company started its operations in 1965 with an annual capacity of 360,000 tons. A dec

Updated 09 May, 2019 05:17am

Mutual Funds

Gharibwal Cement

Published 09 May, 2019 12:00am

RPP scam: Physical remand of Laeeq extended till May 13

The Accountability Court Wednesday extended physical remand of Laeeq Ahmed Sheikh till May 13 for further investigation in the Rental Power Projects (RPPs) case. The officials of National Accountability Bureau (NAB) produced accused Laeeq Ahmed Sheikh, Di

Published 09 May, 2019 12:00am

Clean Green Pakistan Initiative: PepsiCo signs MoU with Ministry of Climate Change

PepsiCo here on Wednesday signed a Memorandum of Understanding (MoU) with Ministry of Climate Change to play a leading role in Prime Minister Imran Khan's Clean Green Pakistan Initiative through increase access to safe water among community members. Under

Published 09 May, 2019 12:00am

Monitoring of GLT units helps record actual sale of tobacco

The strict documentation and monitoring of the Green Leaf Threshing (GLT) units has resulted in maintaining complete record of actual sale of processed, unmanufactured tobacco to check tax evasion by local cigarette manufacturers.

Published 09 May, 2019 12:00am

Siraj condemns blast at Data Darbar

Chief of Jamaat e Islami, Pakistan, Senator Siraj ul Haq, has strongly condemned the bomb blast at Data Darbar, the shrine of popular saint Syed Ali Hajveri. In a statement, he said, that the city of Lahore had been made the target of terrorism once again

Published 09 May, 2019 12:00am

Nation united to face challenge: Sarwar

Governor Punjab Chaudhry Muhammad Sarwar has said that terrorists were agents of Pakistan's enemy and the government would exterminate their remnants and sympathisers. Talking to the media after visiting the injured of Data Darbar suicide attack here at M

Published 09 May, 2019 12:00am

There was no 'security threat' prior to attack on Data Darbar : CM

Punjab Chief Minister Sardar Usman Khan Buzdar has said the government had not received any specific "security threat" prior to the Data Darbar suicide attack. Talking to media, the CM said the information on different threats was a routine but no specifi

Published 09 May, 2019 12:00am

Five more popular juice factories sealed in Punjab

Food safety teams of the Punjab Food Authority (PFA) on Wednesday in the province-wide crackdown sealed five factories illegally producing juices of the different popular brands. The provincial food regulatory body recovered 1,344 litres hazardous juice,

Published 09 May, 2019 12:00am

Low tax-to-GDP ratio mother of all economic ills: febr

The Friends of Economic and Business Reforms (FEBR) has said that the low tax-to-GDP ratio is the mother of all economic ills which can be controlled by resolving other issues like higher tax rates, tax evasion, thin tax-base and present low revenue short

Published 09 May, 2019 12:00am

Omar Ayub urged to resolve SPEC Energy-PPL dispute

The energy sector industry circles have urged the Federal Minister for Power and Petroleum Division Omar Ayub Khan to resolve the ongoing controversy between SPEC Energy DMCC and Pakistan Petroleum Limited with regard to setting up of a gas process facili

Published 09 May, 2019 12:00am

PML-Q slams suicide blast outside Data Darbar

The Pakistan Muslim League-Quaid (PML-Q) senior leaders here on Wednesday condemned the suicide blast outside the Data Darbar, which claimed 10 lives and many injured. Pakistan Muslim League-Quaid (PML-Q) President and former Prime Minister Chaudhary Shuj

Published 09 May, 2019 12:00am

Partly Facetious: What constitutes the right market value?

"Sadly, The Khan has not yet learnt how to put the right market value on people."

Published 09 May, 2019 12:00am

GE drives regional supply chain at Power Partnership Summit

GE hosted the Power Partnership Summit in Dubai, UAE, convening over 150 representatives of organizations working across the power sector in the Middle East, North Africa and Pakistan. The forum highlighted GE's commitment to develop a robust supply chain

Published 09 May, 2019 12:00am

Joint opposition stages walkout in protest against PM's absence

The joint opposition in the Senate staged a walkout from the House in protest against absence of Prime Minister Imran Khan to respond to a calling attention notice about his statement that "terrorists had in the past misused Pakistani territory to underta

Published 09 May, 2019 12:00am

Activemedia bags international awards

Effie Pakistan is a non-profit organization formed in partnership between Pakistan Advertisers Society and Effie Worldwide. It recognizes outstanding marketing ideas. The award is presented to companies with significant achievement in marketing communicat

Published 09 May, 2019 12:00am

SCCI urges government to broaden tax base

Sarhad Chamber of Commerce & Industry (SCCI) Peshawar has called for broadening of tax base, reducing the rate and not passing further burden on the existing tax payers.

Published 09 May, 2019 12:00am

Seminar on women entrepreneurship held at FPCCI

The Standing Committee of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Women Entrepreneurs organizes a seminar to initiate a new programme called Women Entrepreneurship the Way Forward. It is a sustainable programme which enable

Published 09 May, 2019 12:00am

Dr Aafia willing to file petition against her imprisonment, FM tells Senate

Foreign Minister Shah Mehmood Qureshi on Wednesday informed the Senate that Dr Aafia Siddiqui has shown willingness to file a petition against her imprisonment by the US court.

Published 09 May, 2019 12:00am

Murad directs education department to devolve financial, administrative powers to HMs

Sindh Chief Minister Syed Murad Ali Shah has directed school education department to decentralize primary school management by handing over administrative and financial powers to headmasters (HMs) of Grade BS-17.

Published 09 May, 2019 12:00am

Law framed in view of treaties: Sindh government explains why provinces' consent is necessary

The Sindh government has said that entering into international treaties is the federal government's domain but it should take the provinces' consent before promulgation of the law framed in view of treaties. A three-judge bench, headed by Justice Azmat Sa

Published 09 May, 2019 12:00am

LCCI slams Lahore's terrorist attack

The Lahore Chamber of Commerce and Industry has strongly condemned terrorist attacks in Lahore and termed it a cowardly attempt to dent Pakistan. The LCCI office bearers; President Almas Hyder, Acting President Khawaja Shahzad Nasir and Vice President Fah

Published 09 May, 2019 12:00am

Minister vows to take action against profiteers

Punjab Industry and Trade Minister Mian Aslam Iqbal on Wednesday warned that action will be taken against those creating artificial price-hike and illegal profiteers; no compromise will be made in this regard. He expressed these views while presiding over

Published 09 May, 2019 12:00am

Rana terms Data Darbar tragedy 'government's failure'

Pakistan Muslim League-Nawaz (PML-N) Punjab President Rana Sanaullah has said that Lahore is a safe city and the terrorism incident in the provincial capital is government's failure. Talking to media, Rana said that today's incident is a proof of governme

Published 09 May, 2019 12:00am

Punjab LG Act: Minister highlights role of civil society

Provincial Minister for Law, Parliamentary Affairs and Local Government (LG) Raja Basharat has said that the role of civil society in creating awareness about the new Punjab LG Act 2019 and capacity building of LG representatives was very crucial. He stat

Published 09 May, 2019 12:00am

Cotton

CABI's recommendations to fight parthenium weed in Central West Asia

Centre for Agriculture and Bioscience International (CABI) on Wednesday issued a list of recommendations to fight the highly-invasive parthenium weed which can have significant impacts on human health, the environment, livestock production and health and

Published 09 May, 2019 12:00am

Two more SEZs to be notified soon, panel informed

A parliamentary panel was informed on Wednesday that two more special economic zones would be notified soon, making the number of notified zones to nine.

Published 09 May, 2019 12:00am

APNS condemns government ban on ads to Dawn Group

The All Pakistan Newspapers Society (APNS) expresses its dismay over the ban imposed by the Federal Government on advertisements to the Dawn Media Group.

Published 09 May, 2019 12:00am

Smuggler's bail: SC summons DG Narcotics Control today

Supreme Court (SC) on Wednesday summoned Director General Narcotics Control to appear in the court on Thursday in a bail petition of accused of opium smuggling. At Karachi Registry, a two-member bench of the SC comprised of Justice Gulzar Ahmed and Justic

Published 09 May, 2019 12:00am

Zong 4G launches 'Purely Pakistan' campaign

Zong 4G has launched a new campaign "Purely Pakistan". The TVC takes you through scenic regional landscapes of Pakistan, showcasing a digitally enabled and technology savvy population that both encapsulates and promotes the breath-taking and completely un

Published 09 May, 2019 12:00am

Cash management services: Meezan Bank joins hands with Port Services Limited

Meezan Bank Limited has joined hands with Port Services Limited (PSL), Sialkot as exclusive partner for the payments and cash management services. The agreement was signed by Abdullah Ahmed Group Head Corporate & Institutional Banking Meezan Bank and Navi

Published 09 May, 2019 12:00am

Budget proposals: EFP-EC calls for simplifying tax regime

"Achieving uniformity in tax compliance is imperative if the current taxation regime is to be simplified", proclaimed Ismail Suttar, Chairman of Economic Council at Employers' Federation of Pakistan (EFP-EC) as he presented the 2019-2020 Federal Budget Pr

Published 09 May, 2019 12:00am

Workable solution to traffic problem: SHC directs to submit report till May 22

The Sindh High Court (SHC) on Wednesday directed provincial secretaries of transport & land utilization and senior member of the Board of Revenue to submit the report in the court on May 22, 2019 about a workable solution to the problem of heavy traffic i

Published 09 May, 2019 12:00am

Ban on JI in IHK slated

The central Shoora of the Jamaat-e-Islami has strongly condemned New Delhi's decision banning the Jamaat-e-Islami in occupied Kashmir and the confiscation of its assets including the houses of JI leaders and the arrests of Chief of the JI, occupied Kashmi

Published 09 May, 2019 12:00am

'Development of merged districts of KP top priority'

Federal Minister for Planning, Development and Reform Makhdoom Khusro Bakhtyar has said that socio-economic development of merged districts of Khyber Pakhtunkhwa is among the top priority areas of the incumbent government.

Published 09 May, 2019 12:00am

CCP launches official account on Twitter

The Competition Commission of Pakistan (CCP), keeping in view the global recognition of the social media use by organisations, has launched its official Twitter account to establish a direct link for better communication with the stakeholders and consumer

Published 09 May, 2019 12:00am

Farman Ullah posted DG NAB Balochistan

National Accountability Bureau (NAB) on Wednesday placed the services of Muhammad Javed, BS-22 officer serving as Director General (DG) NAB Balochistan, on the disposal of Establishment Division. Javed, an officer of Pakistan Administrative Services, was

Published 09 May, 2019 12:00am

LHC extends anticipatory bail of Hamza till May 22

The Lahore High Court on Wednesday extended pre-arrest interim bail of Leader of Opposition in Punjab Assembly Hamza Shahbaz in three different cases and directed the National Accountability Bureau (NAB) to provide necessary documents to the petitioner sh

Published 09 May, 2019 12:00am

Punjab CS pays surprise visits to Ramazan bazaars

Punjab Chief Secretary Yousaf Naseem Khokhar paid surprise visits to Ramazan bazaars in the city, heard complaints of consumers and issued directions for resolving their problems. The Chief Secretary accompanied by Commissioner Lahore Division Mujtaba Pir

Published 09 May, 2019 12:00am

Fifth round of consultations between Pakistan, Latvia held in Riga

The 5th round of Bilateral Political Consultations between Pakistan and Latvia was held in Riga. Additional Secretary (Europe) Ambassador Zaheer A. Janjua and Ambassador Janis Mazeiks, Under Secretary of State and Political Director, Ministry of Foreign A

Published 09 May, 2019 12:00am

Government urged to minimise bank holidays

The business community has urged Prime Minister Imran Khan to withdraw additional holidays of banks. Chairman Lahore Chamber of Commerce &Industry (LCCI) Standing Committee for Agro-base Industry Dr Muhammad Arshad has claimed that the bank customers bore

Published 09 May, 2019 12:00am

PU inks MoU with Gulab Devi Hospital

Punjab University has signed a memorandum of understanding with Gulab Devi Chest Hospital for teaching and clinical training of PU's allied health sciences students. In this regard, MoU signing ceremony was organized at Vice Chancellor's office here on We

Published 09 May, 2019 12:00am

AOB introduces easy online registration for audit firms

To promote ease of doing business, the Audit Oversight Board (AOB) is introducing an online audit firm registration system. Now instead of sending papers back and forth, audit firms will be able to provide the required information by filling an online reg

Published 09 May, 2019 12:00am

Poor condition of capital's educational institutions irks Senate body

The Senate Standing Committee on Federal Education and Professional Training while scrutinising the proposed Public Sector Development Programme (PSDP) projects by the ministry expressed serious concerns over the dilapidated condition of educational insti

Published 09 May, 2019 12:00am

PTCL offers 40 percent discount on installation charges

Pakistan Telecommunication Company Limited (PTCL) is offering 40% discount on installation charges of all new connections for a limited time period only. All new connections include PTCL unlimited internet, digital quality TV & reliable telephone services

Published 09 May, 2019 12:00am

Darul Sehat Hospital: SHC grants interim bail to owners

The Sindh High Court (SHC) on Wednesday granted interim bail to Darul Sehat Hospital owners, Amir Chishti and Syed Ali Farhan, in the Nishwa death case. Both the accused approached the SHC after an additional district and sessions court dismissed their ba

Published 09 May, 2019 12:00am

Sugar mills: SEPA meeting discusses installation of waste water treatment plants

Sindh Environmental Protection Agency (SEPA) on Wednesday held a meeting to overview the progress on installation of waste water treatment plants by different sugar mills in the province. The meeting was chaired by Minister for Environment Climate Change

Published 09 May, 2019 12:00am

KGH's 14th lamp lightening ceremony held

14th lamp lightening ceremony was held at Kharadar General Hospital. The Chief Guest of the Ceremony Senator, Dr Sikandar Ali Mandhro address the guest and said that 100 years services of the Hospital and well equipped and well-structured department of Nu

Published 09 May, 2019 12:00am

Murtaza criticises Sindh governor

Adviser to the Sindh Chief Minister on Information, Law and Anti-Corruption Barrister Murtaza Wahab while reacting hard to statement of Sindh Governor regarding division of Sindh has said Sindh assembly had given clear message to those who were dreaming o

Published 09 May, 2019 12:00am

Pakistan to become central player in evolving regional system: Burki

Pakistan would become a central player in the evolving regional system if the ADB's CAREC (Central Asia Regional Economic Cooperation Programme) and China's BRI (Belt & Road Initiative) succeed in introducing land-based commerce in the country. This was s

Published 09 May, 2019 12:00am

Four bills tabled in NA, one rejected

As many as five bills were introduced in the National Assembly on Wednesday while one of them relating to Pakistani citizenship was rejected.

Published 09 May, 2019 12:00am

Pakistan re-elected UNECOSOC's member

Pakistan has re-elected with the highest number of votes as a member of the United Nations Economic and Social Council (UNECOSOC). Talking to media persons, Pakistan's representative to the United Nations, Maleeha Lodhi said in secret balloting in the 54-

Published 09 May, 2019 12:00am

Previous Day

Forex
World
Commodity

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

Gainers
Losers
Leaders

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

Markets →

Budget 2024-25: income tax calculator for FY25

Most Popular