News Archives for Print - 2019-05-11

Slightly above normal rainfall likely in country

The Met office on Friday forecast a slightly above normal rainfall in the country in May 2019, saying that the heat waves may develop in plains in the last two weeks of the month. In a weather forecast for May 2019, it said that the country is expected to

Published 11 May, 2019 12:00am

The Weather

The weather report on Friday (May 10, 2019) and the forecast for Saturday (May 11, 2019).

Published 11 May, 2019 12:00am

PM given briefing about PSDP projects

Prime Minister Imran Khan Friday said development of less development and backward areas was top priority of the government. He said the process of economic development could not complete until the backward areas were not brought at par with rest of devel

Published 11 May, 2019 12:00am

PM given briefing about PSDP projects

Prime Minister Imran Khan Friday said development of less development and backward areas was top priority of the government. He said the process of economic development could not complete until the backward areas were not brought at par with rest of devel

Published 11 May, 2019 12:00am

Office management, secretariat groups: Bureaucrats demand increase in salaries, perks

Bureaucrats of Office Management and Secretariat Groups on Friday protested against the government, demanding an increase in their salaries and perks in the upcoming budget for fiscal year 2019-20. The officials gathered outside the Ministry of Finance an

Published 11 May, 2019 12:00am

Office management, secretariat groups: Bureaucrats demand increase in salaries, perks

Bureaucrats of Office Management and Secretariat Groups on Friday protested against the government, demanding an increase in their salaries and perks in the upcoming budget for fiscal year 2019-20. The officials gathered outside the Ministry of Finance an

Published 11 May, 2019 12:00am

Bank account attachment: Shabbar issues major directive to field formations

Newly-appointed Chairman Federal Board of Revenue (FBR) Shabbar Zaidi has issued his first major directive to the field formations that there would be no bank account attachment unless taxpayer's chief executive officer/owner is informed at least 24 hours

Published 11 May, 2019 12:00am

Bank account attachment: Shabbar issues major directive to field formations

Newly-appointed Chairman Federal Board of Revenue (FBR) Shabbar Zaidi has issued his first major directive to the field formations that there would be no bank account attachment unless taxpayer's chief executive officer/owner is informed at least 24 hours

Published 11 May, 2019 12:00am

Bank account attachment: Shabbar issues major directive to field formations

Newly-appointed Chairman Federal Board of Revenue (FBR) Shabbar Zaidi has issued his first major directive to the field formations that there would be no bank account attachment unless taxpayer''s chief executive officer/owner is informed at least 24 hour

Published 11 May, 2019 12:00am

Shabbar spells out his priorities in address to taxmen

The newly-appointed Chairman of the Federal Board of Revenue (FBR), Shabbar Zaidi Friday conveyed to tax officials that the biggest challenges faced by the tax machinery are achievement of revenue collection targets, broadening of tax base and removing tr

Published 11 May, 2019 12:00am

Shabbar spells out his priorities in address to taxmen

The newly-appointed Chairman of the Federal Board of Revenue (FBR), Shabbar Zaidi Friday conveyed to tax officials that the biggest challenges faced by the tax machinery are achievement of revenue collection targets, broadening of tax base and removing tr

Published 11 May, 2019 12:00am

Shabbar spells out his priorities in address to taxmen

The newly-appointed Chairman of the Federal Board of Revenue (FBR), Shabbar Zaidi Friday conveyed to tax officials that the biggest challenges faced by the tax machinery are achievement of revenue collection targets, broadening of tax base and removing tr

Updated 13 May, 2019 06:51am

'Size of parallel economy is over 30 percent'

Chairman Federal Board of Revenue (FBR) Shabbar Zaidi said on Friday that size of the parallel economy is over 30 percent, which needs to be brought into the formal regime. Talking to reporters at Ministry of Finance, he said that nobody could exactly est

Published 11 May, 2019 12:00am

'Size of parallel economy is over 30 percent'

Chairman Federal Board of Revenue (FBR) Shabbar Zaidi said on Friday that size of the parallel economy is over 30 percent, which needs to be brought into the formal regime. Talking to reporters at Ministry of Finance, he said that nobody could exactly est

Published 11 May, 2019 12:00am

''Size of parallel economy is over 30 percent''

Chairman Federal Board of Revenue (FBR) Shabbar Zaidi said on Friday that size of the parallel economy is over 30 percent, which needs to be brought into the formal regime. Talking to reporters at Ministry of Finance, he said that nobody could exactly est

Published 11 May, 2019 12:00am

Economic policy handed over to IMF: PPP

Former Chairman Senate Raza Rabbani of Pakistan People's Party on Friday said that past civilian governments never got the opportunity to formulate foreign and security policies, and now the economic policy of the country has also been snatched from civil

Published 11 May, 2019 12:00am

Economic policy handed over to IMF: PPP

Former Chairman Senate Raza Rabbani of Pakistan People's Party on Friday said that past civilian governments never got the opportunity to formulate foreign and security policies, and now the economic policy of the country has also been snatched from civil

Published 11 May, 2019 12:00am

Monitoring of internet traffic by US company: Senate chief tasks panel to investigate

After opposition and treasury members expressed concern over alleged agreement with a US company Sandvine Inc to monitor internet traffic in Pakistan, Chairman Senate Sadiq Sanjrani Friday tasked a parliamentary panel to probe into the matter. However, Mi

Published 11 May, 2019 12:00am

Monitoring of internet traffic by US company: Senate chief tasks panel to investigate

After opposition and treasury members expressed concern over alleged agreement with a US company Sandvine Inc to monitor internet traffic in Pakistan, Chairman Senate Sadiq Sanjrani Friday tasked a parliamentary panel to probe into the matter. However, Mi

Published 11 May, 2019 12:00am

LHC suspends notices for recovery of agriculture income tax

The Lahore High Court on Friday suspended notices for the recovery of agriculture income tax issued to hundreds of individuals for the period prior to promulgation of Finance Act 2013. The petitioners had challenged the tax recovery notices issued by dist

Published 11 May, 2019 12:00am

LHC suspends notices for recovery of agriculture income tax

The Lahore High Court on Friday suspended notices for the recovery of agriculture income tax issued to hundreds of individuals for the period prior to promulgation of Finance Act 2013. The petitioners had challenged the tax recovery notices issued by dist

Published 11 May, 2019 12:00am

PPL clarification

This refers to a Business Recorder report titled "Omar Ayub urged to resolve SPEC Energy-PPL dispute" carried by Business Recorder on Thursday, 9 May 2019. On behalf of Pakistan Petroleum Limited, it may be noted that the status of the proje

Published 11 May, 2019 12:00am

PPL clarification

This refers to a Business Recorder report titled "Omar Ayub urged to resolve SPEC Energy-PPL dispute" carried by Business Recorder on Thursday, 9 May 2019. On behalf of Pakistan Petroleum Limited, it may be noted that the status of the proje

Published 11 May, 2019 12:00am

PPL clarification

This refers to a Business Recorder report titled "Omar Ayub urged to resolve SPEC Energy-PPL dispute" carried by Business Recorder on Thursday, 9 May 2019. On behalf of Pakistan Petroleum Limited, it may be noted that the status of the proje

Published 11 May, 2019 12:00am

DG ISPR says we share pain of families of missing persons

Director General Inter-Services Public Relations (ISPR) Major General Asif Ghafoor said on Friday that we share the pain of the families of missing persons and added that they are in the process of tracing them. In a tweet from his personal account, DG IS

Published 11 May, 2019 12:00am

DG ISPR says we share pain of families of missing persons

Director General Inter-Services Public Relations (ISPR) Major General Asif Ghafoor said on Friday that we share the pain of the families of missing persons and added that they are in the process of tracing them. In a tweet from his personal account, DG IS

Published 11 May, 2019 12:00am

Indian minister projects BJP win as polls near end

An Indian government minister said Friday that she's confident her Bharatiya Janata Party will remain in power when general elections conclude this month, and that minorities in Hindu-majority India have nothing to fear from five more years of the Hindu n

Published 11 May, 2019 12:00am

Indian minister projects BJP win as polls near end

An Indian government minister said Friday that she's confident her Bharatiya Janata Party will remain in power when general elections conclude this month, and that minorities in Hindu-majority India have nothing to fear from five more years of the Hindu n

Published 11 May, 2019 12:00am

Dawood irked by increase in urea prices

Prime Minister's Advisor on Commerce, Textile and Industries and Production, Abdul Razak Dawood has reportedly expressed annoyance at the local fertilizer industry for increasing urea prices by Rs 90 per bag to Rs 1,830 per bag in April 2019 from Rs 1,740

Published 11 May, 2019 12:00am

Dawood irked by increase in urea prices

Prime Minister's Advisor on Commerce, Textile and Industries and Production, Abdul Razak Dawood has reportedly expressed annoyance at the local fertilizer industry for increasing urea prices by Rs 90 per bag to Rs 1,830 per bag in April 2019 from Rs 1,740

Published 11 May, 2019 12:00am

Dawood irked by increase in urea prices

Prime Minister''s Advisor on Commerce, Textile and Industries and Production, Abdul Razak Dawood has reportedly expressed annoyance at the local fertilizer industry for increasing urea prices by Rs 90 per bag to Rs 1,830 per bag in April 2019 from Rs 1,74

Published 11 May, 2019 12:00am

Iran Guards reject US talks

Iran's Revolutionary Guards said on Friday Tehran would not negotiate with the United States and a senior cleric warned that a US navy fleet could be "destroyed with one missile", as a US aircraft carrier headed towards the Gulf. The comments by the Guard

Published 11 May, 2019 12:00am

Iran Guards reject US talks

Iran's Revolutionary Guards said on Friday Tehran would not negotiate with the United States and a senior cleric warned that a US navy fleet could be "destroyed with one missile", as a US aircraft carrier headed towards the Gulf. The comments by the Guard

Published 11 May, 2019 12:00am

Compliance is the key

The World Bank has come up with a new idea to resolve the issue of fiscal mismanagement of the country. According to its new document entitled "Pakistan Revenue Mobilisation Project", Pakistan has a great potential to raise its tax receipts without imposi

Updated 11 May, 2019 06:16am

Suicide bombing in Lahore

Just as a sense of security seemed to have set in across the country except in Balochistan, a suicide bomber struck at the Data Darbar in Lahore, killing 11 people including six policemen, and wounding 25 others, some of the grievously. A teen-aged boy ca

Updated 11 May, 2019 06:17am

Meritocracy in democracy - I

PM Imran Khan surprised the nation by announcing the induction of a layer of competent meritocracy in the management of state affairs by replacing his economic team with experts from outside, namely, the Federal Finance Minister, Chairman FBR and Governor

Published 11 May, 2019 12:00am

Currency

Interest-ing

Let me begin with a bit of reverse bragging; I am not a foreseer, so don't believe everything that appears in this column; the sole objective here is to make people think. Well at least those of us who have time to read, which is not very many since readi

Published 11 May, 2019 12:00am

Currency

Malaysia's hopes of economic revival under Mahathir fade

A year ago, Malaysian land surveyor Muhammad Nur Aliff had high hopes that a shock election victory by 93-year-old Mahathir Mohamad could be the catalyst for reform and revival in a country hobbled by sky-high public debt and corruption.

Published 11 May, 2019 12:00am

'Faceless' bureaucrats no longer faceless

It is quite unfortunate that bureaucrats or those who are perceived as being concerned with procedural correctness at the expense of people's needs, are taking to the streets to raise voice under intense media glare in support of their demands.

Published 11 May, 2019 12:00am

Ex-Fata seats in NA, KP: NA may adopt Constitution (Amendment) Bill 2019 on May 13

The National Assembly will adopt 'The Constitution (Amendment) Bill, 2019' on Monday (May 13) with two-thirds majority to give proper representation to the people of the erstwhile Federally-Administered Tribal Areas (Fata) in National Assembly and Khyber

Published 11 May, 2019 12:00am

IHC turns down petition against NAB PG's Appointment

The Islamabad High Court (IHC) Friday turned down a petition challenging appointment of Asghar Haider as National Accountability Bureau (NAB) Prosecutor General (PG). A single bench comprising Justice Mohsin Akhtar Kayani after hearing the arguments of al

Published 11 May, 2019 12:00am

Ufone wins silver trophy at Effie Pakistan Awards 2019

Ufone has bagged a prestigious silver trophy at the Effie Pakistan Awards 2019, in the 'Sustained Success' category for its Super Card Communication Campaigns. The awards, held around the world annually, celebrate companies with outstanding marketing comm

Published 11 May, 2019 12:00am

Conflict prevention: Japan lauds Pakistan's contributions

Japan has lauded Pakistan's contributions for conflict prevention in the region. Kuniori Matsuda, incoming Ambassador of Japan to Pakistan, said this during his meeting with Chief of Army Staff (CoAS) General Qamar Javed Bajwa at General Headquarters (GHQ

Published 11 May, 2019 12:00am

Government committed to expediting CPEC projects: Khusro

Federal Minister for Planning, Development and Reform Makhdum Khusro Bakhtyar has said the incumbent government is committed to accelerate implementation of China-Pakistan Economic Corridor (CPEC) projects and set timelines for authorities concerned for r

Published 11 May, 2019 12:00am

Erstwhile Fata MPs demand 3 percent NFC share in budget 2019-20

Parliamentarians from erstwhile Fata have called for a consensus among provinces on 3 percent share from National Finance Commission (NFC) award on annual basis for implementation of the 10-year development plan for the area, which must be reflected in th

Published 11 May, 2019 12:00am

Chinese Embassy refutes reports: Chinese not involved in 'forced prostitution, sale of human organs'

Chinese Embassy in Islamabad on Friday refuted media reports that Chinese nationals under crackdown by Pakistani authorities are involved in 'forced prostitution or sale of human organs' in the grab of marriages with Pakistani girls.

Published 11 May, 2019 12:00am

CDA fails to complete expansion of Ataturk Road

Capital Development Authority (CDA) has been unable to complete the expansion of Ataturk Road, a major thoroughfare in the capital city, which was approved in July 2018. Due to increasing traffic volume, IMC and CDA decided to dualise Ataturk Avenue to en

Published 11 May, 2019 12:00am

Sherry questions rising petrol prices

Speaking on the floor of the House, PPP Parliamentary Leader in Senate, Senator Sherry Rehman questioned the rising petrol prices and its implications saying, "The government is introducing tax amnesty schemes for the rich and inflationary packages for th

Published 11 May, 2019 12:00am

PML-N accuses government of accepting anti-people terms of IMF

Pakistan Muslim League-Nawaz (PML-N) on Friday accused PTI government of accepting anti-people conditions of International Monetary Fund (IMF) due to its alleged incompetence. PML-N Spokesperson Marriyam Aurangzeb, in a statement, also questioned the gove

Published 11 May, 2019 12:00am

Nine more HIV cases reported in Shikarpur

Nine more people were tested as HIV-positive in Shikarpur on Friday, this addition increase the number of the cases in the district to 22. According to details, a total of 517 people were tested in the Shikarpur villages of Dhakkan, Pirbakhsh Theem and Sa

Published 11 May, 2019 12:00am

Ownership of Auqaf properties in Pakpattan: SC summons Nawaz for withdrawing notification on May 15

The Supreme Court on Friday summoned former Prime Minister Nawaz Sharif on May 15 for withdrawing a notification regarding the ownership of Auqaf properties in Pakpattan. A three-judge bench, headed by Justice Umar Atta Bandial and comprising Justice Fais

Published 11 May, 2019 12:00am

DUHS installs solar system

Dow University of Health and Sciences (DUHS) has installed 117kW Grid Tied Solar System on the roof of academic block. The installed system will produce approximately 173,430 kWh/year which will save about Rs 3,642,030/year in electricity bills. The insta

Published 11 May, 2019 12:00am

British MPs, HC review bilateral trade ties

Members of British Parliament called on Pakistan's High Commissioner to United Kingdom Mohammad Nafees Zakaria at the Pakistan High Commission in London on Friday. As per details, the two sides reviewed the bilateral relations, particularly, trade and inv

Published 11 May, 2019 12:00am

Adviser accuses PTI of bowing down before IMF

Advisor to Chief Minister Sindh on Information, Law & Anti-corruption Barrister Murtaza Wahab has said that finally PTI government has bowed down before the IMF, adding the PTI government had achieved another milestone of U-turn. In a statement on Friday,

Published 11 May, 2019 12:00am

Commercial activities: SC issues notices to mayor, AG Sindh and SBCA chief

Supreme Court (SC) on Friday issued notices to Mayor Karachi, Advocate General Sindh, Director General Sindh Building Control Authority (SBCA) and others in a petition pertaining to commercial activities in residential areas in Clifton area of metropolis.

Published 11 May, 2019 12:00am

Qureshi briefed about launch of online/e-visa facility

Chairman National Database & Registration Authority (NADRA) Usman Mubin on Friday briefed Foreign Minister Shah Mehmood Qureshi on the successful launch of online/e-visa facility, Foreign Office said. The chairman NADRA held a meeting with Foreign Ministe

Published 11 May, 2019 12:00am

Early crushing: Amendments to laws for regulating Punjab's sugar mills approved

The Standing Committee of Punjab Cabinet on Legislative Business nods to amend the laws regulating sugar mills of Punjab enabling early start of crushing season and ensuring recovery of arrears of the farmers from the sugar mills owners by empowering the

Published 11 May, 2019 12:00am

Ease of doing business: CS directs departments to complete reforms within deadline

Chief Secretary Punjab Yousaf Naseem Khokhar has said that the government is providing a conducive environment to investors by taking measures for ease of doing business. He directed the relevant provincial departments to complete reforms for ease of doin

Published 11 May, 2019 12:00am

Fire incidents: Report submitted to tribunal

A report about the fire incidents at plazas was submitted to an inquiry tribunal on Friday. The inquiry tribunal had ordered to submit the report to the Director General (DG) Lahore Development Authority (LDA). The tribunal is holding inquiry about the fi

Published 11 May, 2019 12:00am

Self-reliance can be achieved by promoting tax culture: minister

Punjab Finance Minister Hashim Jawan Bakht presided over a meeting of resource mobilization committee here on Friday and discussed different proposals to enhance the provincial resources. On the occasion, the Minister said that taxation is a gateway to de

Published 11 May, 2019 12:00am

Vehicles seizure: PFMA to chalk out strategy on May 16

The Pakistan Flour Mills Association will hold its meeting on May 16 to decide its future strategy in the wake of Punjab Food Department's action of impounding flour mills' vehicles carrying wheat from open market. Association Group Leader Asim Raza Ahmad

Published 11 May, 2019 12:00am

Cotton

Demand of Pakistani cotton increasing in international market

Cotton crop's indicators are very positive this year and demand of Pakistani cotton in the international market is increasing, said Additional Secretary Agriculture (Task Force) Punjab, Rana Ali Arshad. He also claimed that advance bargain of cotton is be

Published 11 May, 2019 12:00am

ExD, Paramount Distributors join hands for SAP B1 solution

Excellence Delivered (ExD), Pakistan's leading information technology services provider, on Friday signed an agreement with Paramount Distributors to implement SAP B1 solution. Tariq Ahmad, CEO of Paramount Distributor, and Wasil Amjad, COO of ExD, were p

Published 11 May, 2019 12:00am

Unabated smuggling obstructing local production of radial tyres

Local tyre manufacturing companies, though have plans to start production of radial tyres of trucks and buses to meet the growing demand, find it hard to materialize their plan because of unbridled smuggling of these into Pakistan in absence of any effect

Published 11 May, 2019 12:00am

Cotton

TDAP to participate in Leatherworld Paris

Trade Development Authority of Pakistan (TDAP) to participate at Texworld/ Apparel Sourcing/ Leatherworld, Paris to be held on 16-19 September 2019. Paris is one of the major fashion capitals of the world and is the best place to promote and sell brand(s)

Published 11 May, 2019 12:00am

MTI Reforms Act: YDA strike enters 10th consecutive day

The Young Doctors Association (YDA) on Friday continued its strike at Punjab government hospitals for the 10th consecutive day against the Medical Teaching Institutions (MTI) Reforms Act. OPDs at hospitals across Punjab are closed due to the YDA strike ca

Published 11 May, 2019 12:00am

Punjab government to provide modern agriculture implements to farmers

Provincial Agriculture department has evolved a detailed plan costing over Rs 4.50 billion to make agriculture sector more profitable, enhancing productivity and tracking it on modern lines. Sources in Agriculture department told Business Recorder

Published 11 May, 2019 12:00am

Better healthcare facilities: PM Special Assistant assures support to Punjab CM

Special Assistant to Prime Minister for Health Dr Zafar Mirza in a meeting with Punjab Chief Minister Sardar Usman Buzdar, here on Friday, has assured all out support to the provincial government for provision of better healthcare facilities to the masses

Published 11 May, 2019 12:00am

Islamabad to have regional blood centre

Parliamentary Secretary Health, Dr Nausheen Hamid performed the 'Foundation Stone Laying' ceremony of the Islamabad Regional Blood Centre. The Centre would be constructed and equipped with the support of the German Government through KFW-German Developmen

Published 11 May, 2019 12:00am

BMP asks PM to introduce internal tax reforms

Businessmen Panel Secretary General (Federal) and former chairman of FPCCI standing committee Ahmad Jawad said urged Prime Minister Imran Khan to introduce internal tax reforms to increase revenues and close those government departments rendered dysfuncti

Published 11 May, 2019 12:00am

Temperature begins to rise in various parts of Punjab: Met

Temperature has begun growing to grip various parts of Punjab as mercury level on Friday touched 45 degrees Celsius, each in Noorpur Thal and Bhakkar, according to the Met Office. Jaccobabad, Shaheed Benazirabad, Bahawalnagar, Sibbi and Padidan witnessed

Published 11 May, 2019 12:00am

Chelsea reach Europa League final

Kepa Arrizabalaga was Chelsea's hero as the Spanish goalkeeper sent his side to the Europa League final with two penalty saves in a dramatic 4-3 shoot-out win against Eintracht Frankfurt on Thursday. Maurizio Sarri's side took the lead in the semi-final s

Published 11 May, 2019 12:00am

Palestinian killed

A Palestinian was killed by Israeli fire during new clashes on the Gaza border Friday, the health ministry in the Hamas-ruled enclave said. Abdullah Abd al-Aal, 24, was shot in the stomach on the border east of Rafah in the southern Gaza Strip, a ministry

Published 11 May, 2019 12:00am

Venezuala reopens borders with Brazil, Aruba

Venezuela on Friday reopened its borders with Brazil and the island of Aruba, a top official said, both of which were closed amid attempts by the opposition to bring in humanitarian aid. "The borders with Brazil and Aruba are open again," vice president f

Published 11 May, 2019 12:00am

Chelsea Manning freed from jail in US contempt case

Former military intelligence analyst Chelsea Manning was freed from a US jail on Thursday after two months in custody - but faces a possible return to the lockup as soon as next week, a support group said. Manning was jailed in early March for refusing to

Published 11 May, 2019 12:00am

CPJ condemns Singapore 'fake news' legislation

The Committee to Protect Journalists on Thursday condemned the Singapore parliament's passage of legislation that could be used to stifle reporting and the dissemination of news, and called for the punitive measure's immediate repeal. The Protection from

Published 11 May, 2019 12:00am

ANC wins South Africa poll with absolute majority

South African President Cyril Ramaphosa's ruling ANC won re-election on Friday with an absolute majority in parliament, results showed, but with diminished support, complicating economic revival and anti-corruption efforts. The results, published by the e

Published 11 May, 2019 12:00am

Spain's former Socialist leader Rubalcaba dies

Former Spanish Socialist leader Alfredo Perez Rubalcaba, who as interior minister cracked down on armed Basque separatist group ETA, died on Friday aged 67 after suffering a stroke, his family said. Rubalcaba was admitted to a hospital in Majadahonda near

Published 11 May, 2019 12:00am

Curtain falls on Vienna AIDS Ball after 26 years

One of the world's biggest AIDS charity events, Vienna's Life Ball, will be held for the last time in June, the organiser said Friday. Gery Keszler said the progress achieved in fighting AIDS over the 26 years since the ball's inception meant it had becom

Published 11 May, 2019 12:00am

French forces free 4 hostages in Burkina Faso

French special forces have freed two French hostages, an American and a South Korean in northern Burkina Faso in an overnight raid in which two soldiers died, authorities announced Friday. The operation was launched to free two French tourists who had dis

Published 11 May, 2019 12:00am

Currency

Sterling little change after GDP pick-up

The British pound was little changed on Friday after data showed the UK economy got a boost ahead of a Brexit that never came, with traders doubtful Prime Minister Theresa May can reach a deal with the opposition on how to leave the European Union. Sterli

Published 11 May, 2019 12:00am

Currency

Asian forex: Thai baht, China's yuan strengthen

Most emerging Asian currencies rose on Friday, helped by a range of factors and amid cautious support for regional markets on hopes Beijing and Washington might be able to strike a trade deal, despite US tariff hikes taking effect. The Thai baht made gain

Published 11 May, 2019 12:00am

Australian, New Zealand dollars move up

The Australian and New Zealand dollars inched ahead on Friday as investors dared to hope the Sino-US trade standoff would somehow be resolved even as higher tariffs seemed inevitable. The Aussie also weathered a dovish policy outlook from the Reserve Bank

Published 11 May, 2019 12:00am

Currency

Dollar down against yen, Swiss franc in New York

The Japanese yen surged to a three-month high against the dollar on Thursday, with the Swiss franc at a three-week high as investors sought out the safe-haven currencies, fearing the US-China trade conflict would escalate. Two days of negotiations began i

Published 11 May, 2019 12:00am

Currency

Early trade in New York: dollar slips on hopes for a US-China trade compromise

The US dollar slipped on Friday morning as hopes for a US-China compromise on trade rose and traders pulled money from safe-haven assets. The Japanese yen and Swiss franc also ticked down as risk aversion abated, but investor optimism was cautious and mov

Published 11 May, 2019 12:00am

Currency

Euro rises in Europe

The euro firmed on Friday and is poised for a second consecutive week of gains on growing fears that any escalation in the trade conflict between the United States and China would force US policymakers to cut interest rates. US President Donald Trump's ta

Published 11 May, 2019 12:00am

Currency

Dollar steadies against yen in Asia

The dollar was steady against the safe-haven Japanese yen on Friday, taking in stride the hike in US tariffs on Chinese goods that went into effect and awaiting resumption of talks between top officials of the world's two largest economies. US President D

Published 11 May, 2019 12:00am

Currency

Sri Lankan rupee down

The Sri Lankan rupee closed weaker for a second session on Friday on dollar demand from banks. The rupee dropped 0.3 percent to close at 176.10/60 per dollar, compared with Thursday's close of 175.60/90, Refinitiv data showed. Analysts expect the currency

Published 11 May, 2019 12:00am

Smith hits 91 not out as Australia beat New Zealand

Steve Smith plundered an unbeaten 91 and Glenn Maxwell hit 70 Friday before bad light stopped play, with Australia winning their final warm-up game before leaving for England to defend their World Cup title. They were handed victory by five wickets courte

Published 11 May, 2019 12:00am

Halep beats Bencic to reach Madrid final, Djokovic gets free pass

Simona Halep closed in on a return to the top of the world rankings after beating Belinda Bencic 6-2, 6-7 (2/7), 6-0 on Friday to advance to the Madrid Open final while men's top seed Novak Djokovic made the semi-finals without hitting a ball. Halep, curr

Published 11 May, 2019 12:00am

Nigeria stocks at two-year low

Nigerian stocks dropped to almost a two-year low on Friday as investors viewed the nomination of central bank governor for a second term as a sign that there may be no change to the monetary policy that has kept liquidity tight, traders said. The main sha

Published 11 May, 2019 12:00am

Treasury yields decline

US Treasury yields fell on Thursday, with longer-dated yields hitting five-week lows, as China and the United States were set to resume tense trade talks just hours ahead of the Trump administration's plan to raise tariffs on Chinese imports. The safe-hav

Published 11 May, 2019 12:00am

Treasury yields decline

US Treasury yields fell on Thursday, with longer-dated yields hitting five-week lows, as China and the United States were set to resume tense trade talks just hours ahead of the Trump administration's plan to raise tariffs on Chinese imports. The safe-hav

Published 11 May, 2019 12:00am

Australian shares rise; New Zealand flat

Australian shares ticked up on Friday on hopes that United States and China still might be able to reach a trade deal, even after Washington hiked tariffs on $200 billion of Chinese goods. The S&P/ASX 200 index firmed 0.3% or 15.60 points to 6,310.90 at t

Published 11 May, 2019 12:00am

Indian shares post worst weekly decline

Indian shares marked their eighth consecutive session of declines on Friday, the longest losing streak since mid-February, dented by Tata Steel that dropped on worries that its joint venture with Germany's Thyssenkrupp might derail. The broader NSE index

Published 11 May, 2019 12:00am

European shares rise, aided by defensives

European shares rose on Friday, with surging shares of Thyssenkrupp and robust defensive stocks helping equities on the continent avert the losses seen among their US peers, which slid on persisting worries about US-China trade. US President Donald Trump

Published 11 May, 2019 12:00am

Most SE Asian markets up

Most Southeast Asian markets closed higher on Friday, but logged in weekly declines, amid hopes for a possible breakthrough in the trade dispute between Washington and Beijing, even though another round of US tariffs on Chinese goods kicked in. Tension be

Published 11 May, 2019 12:00am

Exporters lead FTSE 100 lower after dollar dips

London's main stock index closed lower on Friday, capping its worst week in more than five months, with exporters following the US dollar lower as hopes for a resolution to the US-China trade dispute stoked appetite for riskier assets. The FTSE 100, which

Published 11 May, 2019 12:00am

Azhar Ali believes in Pakistan's ability to bounce back

Former skipper and test opener Azhar Ali believes Pakistan cricket team's ability to bounce back from any situation makes it a dangerous side in the upcoming ICC Cricket World Cup. The former captain, however, admitted that the team's unpredictability rem

Published 11 May, 2019 12:00am

Olympic walker Gonzalez banned for doping

World and Olympic 20km walk silver medallist Maria Guadalupe Gonzalez of Mexico has been banned for four years for doping, the Athletics Integrity Unit said Friday. Gonzalez, 30, tested positive for the anabolic steroid trenbolone on October 17 last year

Published 11 May, 2019 12:00am

Currency	Rate
USD PKR Interbank Selling / Jan 28	278.92
USD PKR Interbank Buying / Jan 28	278.72
USD to Japanese Yen / Jan 28	155.53
USD to Swiss Franc / Jan 28	0.90
Pound Sterling to USD / Jan 28	1.25
Euro to USD / Jan 28	1.04

Stock	Volume
S&P 500 / Jan 27	6,012.28
Nasdaq / Jan 27	19,341.84
Dow Jones / Jan 27	44,713.58
India Sensex / Jan 28	76,094.74
Tokyo Nikkei / Jan 28	39,027.98
Hang Seng / Jan 28	20,225.11
FTSE 100 / Jan 28	8,540.25
Germany DAX 30 / Jan 28	21,333.78

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 27	18,485
Gold 10 Grams PKR / Jan 27	247,856
Crude Oil USD/Barrel / Jan 28	73.47
Gold Spot USD/Ounce / Jan 28	2,742.12
Cotton US¢/pound / Jan 28	67.09
Petrol/Litre / Jan 29	256.13

Stock	Price
First Elite Cap.Mod / Jan 28 First Elite Capital Modaraba(FECM)	6.97 ▲ 0.67 (10.63%)
Sanghar Sugar / Jan 28 Sanghar Sugar Mills Limited(SANSM)	27.90 ▲ 2.54 (10.02%)
Dewan Motors / Jan 28 Dewan Farooque Motors Limited(DFML)	47.52 ▲ 4.32 (10%)
Agritech Non-voting / Jan 28 Agritech Non-Voting Preference(AGLNCPS)	24.20 ▲ 2.2 (10%)
Citi Pharma Ltd / Jan 28 Citi Pharma Ltd.(CPHL)	94.15 ▲ 8.56 (10%)
Faran Sugar / Jan 28 Faran Sugar Mills Limited(FRSM)	51.70 ▲ 4.7 (10%)
Leather Up Ltd. / Jan 28 Leather Up Limited(LEUL)	40.37 ▲ 3.67 (10%)
Mehran Sugar / Jan 28 Mehran Sugar Mills Limited(MRNS)	50.60 ▲ 4.6 (10%)
Shahtaj Sugar / Jan 28 Shahtaj Sugar Mills Limited(SHJS)	124.94 ▲ 11.35 (9.99%)

Stock	Price
Chenab Ltd (Pref) / Jan 28 Chenab Limited (Pref)(CLCPS)	3.40 ▼ -0.51 (-13.04%)
B. F. Mod. / Jan 28 B.F. Modaraba(BFMOD)	7.39 ▼ -1 (-11.92%)
Grays Leasing / Jan 28 Grays Leasing Limited(GRYL)	4.71 ▼ -0.59 (-11.13%)
Dewan Textile / Jan 28 Dewan Textile Mills Limited(DWTM)	7 ▼ -0.85 (-10.83%)
East West Ins. / Jan 28 East West Insurance Company Limited(EWIC)	51.56 ▼ -5.73 (-10%)
National Silk / Jan 28 The National Silk & Rayon Mills Limited(NSRM)	49.40 ▼ -5.37 (-9.8%)
Masood Textile / Jan 28 Masood Textile Mills Limited(MSOT)	51.51 ▼ -5.59 (-9.79%)
Suhail Jute / Jan 28 Suhail Jute Mills Limited(SUHJ)	89.88 ▼ -9.31 (-9.39%)
Chakwal Spinning / Jan 28 Chakwal Spinning Mills Limited(CWSM)	54 ▼ -5.07 (-8.58%)

Stock	Volume
WorldCall Telecom / Jan 28 Worldcall Telecom Limited(WTL)	67,565,578 ▼ -0.04
Sui South Gas / Jan 28 Sui Southern Gas Company Limited(SSGC)	51,651,701 ▼ -1.18
Cnergyico PK / Jan 28 Cnergyico PK Limited(CNERGY)	50,683,570 ▼ -0.24
Fauji Foods Ltd / Jan 28 Fauji Foods Limited(FFL)	26,333,106 ▼ -0.66
Citi Pharma Ltd / Jan 28 Citi Pharma Ltd.(CPHL)	26,034,484 ▲ 8.56
Pak Elektron / Jan 28 Pak Elektron Limited(PAEL)	22,790,060 ▼ -0.34
Fauji Cement / Jan 28 Fauji Cement Company Limited(FCCL)	18,681,185 ▼ -0.93
P.T.C.L. / Jan 28 Pakistan Telecommunication Company Ltd(PTC)	18,282,383 ▼ -0.43
K-Electric Ltd. / Jan 28 K-Electric Limited(KEL)	17,691,845 ▼ -0.06

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