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Nov 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2019-05-11
Nigeria stocks at two-year low

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

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

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 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 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 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 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

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

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
Jansher inaugurates Ramadan Summer Squash Camp

Jansher inaugurates Ramadan Summer Squash Camp

Former World Champion Jansher Khan on Friday inaugurated the 25-days long Ramadan Summer Squash Camp for Under-9 and Under-11 boys and girls here at PAF Hashim Khan Squash Complex on Friday.
Published 11 May, 2019 12:00am
Ex-Sri Lanka Test players charged with match-fixing

Ex-Sri Lanka Test players charged with match-fixing

Former Sri Lankan Test players Nuwan Zoysa and Avishka Gunawardene have been charged with match-fixing and given two weeks to respond, the International Cricket Council announced Friday. The charges against the two cricketers relate to a T10 league played
Published 11 May, 2019 12:00am
Bahria cricket tournament from May 17

Bahria cricket tournament from May 17

The 5th edition of 'Bahria Cup All Pakistan Flood-Light Tape Ball Cricket Tournament' will be staged here at Bahria Cricket Stadium, Bahria Town from May 17 to 22. Bahria Town Sports Wing is organising this tournament for the last four years, to engage yo
Published 11 May, 2019 12:00am
Neymar banned for three matches for lashing out at fan

Neymar banned for three matches for lashing out at fan

Paris Saint-Germain striker Neymar was banned for three matches Friday with a further two-match ban suspended for lashing out at a fan following the club's shock defeat in the French Cup final. Announcing the ban, the French football federation said the s
Published 11 May, 2019 12:00am
Olympic walker Gonzalez banned for doping

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
Azhar Ali believes in Pakistan's ability to bounce back

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
Kenya drops two female sprinters over testosterone levels

Kenya drops two female sprinters over testosterone levels

Two Kenyan sprinters have been dropped from the team for the IAAF World Relays championship in Japan this week, after blood tests showed high levels of testosterone, Athletics Kenya said Friday. The decision to leave Kenya's 100m and 200m champion Maximil
Published 11 May, 2019 12:00am
Chelsea reach Europa League final

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
Smith hits 91 not out as Australia beat New Zealand

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
Sri Lankan rupee down
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
Dollar steadies against yen in Asia
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
Euro rises in Europe
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
Dollar down against yen, Swiss franc in New York
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
Australian, New Zealand dollars move up

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
Asian forex: Thai baht, China's yuan strengthen
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
Sterling little change after GDP pick-up
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
French forces free 4 hostages in Burkina Faso

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
Curtain falls on Vienna AIDS Ball after 26 years

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
Spain's former Socialist leader Rubalcaba dies

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
ANC wins South Africa poll with absolute majority

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
CPJ condemns Singapore 'fake news' legislation

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
Chelsea Manning freed from jail in US contempt case

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
Venezuala reopens borders with Brazil, Aruba

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
Palestinian killed

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
Israel lifts Gaza fishing ban

Israel lifts Gaza fishing ban

Israel lifted a ban on Friday on Palestinian fishing boats operating off Gaza, an Israeli military body said, ending a measure imposed during a deadly flare-up of violence earlier this month. The fishing union in Gaza confirmed the lifting of the ban, say
Published 11 May, 2019 12:00am
London anti-knife protesters target YouTube

London anti-knife protesters target YouTube

Anti-knife crime protesters smeared themselves with fake blood outside YouTube's London offices in protest at the Google company's alleged promotion of graphic content. Britain has very tough gun laws and shootings across the country are relatively rare.
Published 11 May, 2019 12:00am
Ten million people displaced internally by conflict in 2018

Ten million people displaced internally by conflict in 2018

Conflict forced more than 10 million people to flee their homes to live elsewhere within their own country last year, bringing the total number of people internally displaced by violence to a record high, monitors said Friday. The new figure brings the to
Published 11 May, 2019 12:00am
India and France hold biggest naval exercises - with one eye on China

India and France hold biggest naval exercises - with one eye on China

With the aircraft carrier Charles de Gaulle at the centre, France and India on Friday stepped up their biggest naval exercises as the Indian Ocean's strategic shipping lanes draw ever more envious eyes. Without naming the Asian giant, India and France wor
Published 11 May, 2019 12:00am
EU wheat hits new lows

EU wheat hits new lows

Euronext wheat futures fell in late trading on Friday to new contract lows as widely followed US government crop forecasts signalled the prospect of ample global supplies of grain continuing next season. Benchmark September milling wheat on Paris-based Eu
Published 11 May, 2019 12:00am
London Metal Exchange appoints first chairwoman

London Metal Exchange appoints first chairwoman

The London Metal Exchange on Friday appointed Gay Huey Evans as the first female chair of the global centre for industrial metals trading. Huey Evans, who has spent more than 30 years working in the financial services industry and international capital ma
Published 11 May, 2019 12:00am
Copper, other metals rebound

Copper, other metals rebound

Copper and other industrial metals rebounded on Friday on hopes that a US-China trade deal would be hammered out, but they remained vulnerable to further friction between the world's two biggest economies. Negotiators in Washington agreed to stay at the t
Published 11 May, 2019 12:00am
Oil steadies, ends week lower as trade tensions weigh

Oil steadies, ends week lower as trade tensions weigh

Oil prices were mostly steady on Friday, ending the week slightly lower as trade tensions stoked by a US move to hike tariffs on Chinese goods overshadowed tightened global supplies and expectations of rising US refining demand. Brent crude oil settled 23
Published 11 May, 2019 12:00am
Tokyo rubber rises

Tokyo rubber rises

Tokyo Commodity Exchange (TOCOM) futures rose, tracking Shanghai futures, even as uncertainty over ongoing Sino-US trade talks prevailed The benchmark TOCOM rubber contract for October delivery finished 2.6 yen ($0.0237) higher at 186.7 yen per kg. The mo
Published 11 May, 2019 12:00am
Malaysian palm oil drops

Malaysian palm oil drops

Malaysian palm oil futures fell more than 1% by Friday's close, having touched a five-month low, as concern over the US-China trade conflict outweighed data showing easing stockpiles and production. The Benchmark palm oil contract for July delivery on the
Published 11 May, 2019 12:00am
Raw sugar, arabica coffee hit one-week high before retreating
Currency

Raw sugar, arabica coffee hit one-week high before retreating

Raw sugar and arabica coffee prices on ICE hit one-week highs before falling, as short-covering rallies dried up and the Brazilian real gave up earlier gains, dealers said. July raw sugar settled down 0.06 cent, or 0.5%, at 11.72 cents per lb, after touch
Published 11 May, 2019 12:00am
Gold moves higher in New York

Gold moves higher in New York

Gold prices rose on Thursday, supported by a weaker dollar and as investors sought safe-haven assets after US President Donald Trump warned a trade deal with China was in danger, sending global stocks lower. Concerns about the continuing trade dispute's p
Published 11 May, 2019 12:00am
Gold steadies in Asia

Gold steadies in Asia

Gold prices held firm on Friday, drawing support from increased trade tensions after US President Donald Trump's tariff increase on $200 billion worth of Chinese goods took effect, putting the bullion on track for a weekly gain. Spot gold was steady at $1
Published 11 May, 2019 12:00am
Gold surges but set for a weekly rise in Europe

Gold surges but set for a weekly rise in Europe

Gold prices rose on Friday and were set to post a weekly rise as the United States raised tariffs on Chinese goods and increased fears of a global economic slowdown, with a weaker dollar also offering support to the precious metal. Spot gold gained 0.3% t
Published 11 May, 2019 12:00am
US MIDDAY: soya hovers near decade low

US MIDDAY: soya hovers near decade low

US soyabean futures prices sank to their lowest in more than 10 years for the second consecutive session on Friday as US President Donald Trump said he was in no hurry to sign a deal to end the trade war with Beijing, a dispute that has slashed American s
Published 11 May, 2019 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

Gold prices rose on Friday and were set to post a weekly rise as the United States raised tariffs on Chinese goods, exacerbating fears of a global economic slowdown, while palladium surged more than 5% on technical buying and short covering. The United St
Published 11 May, 2019 12:00am
Fake marriages: Three more Chinese arrested

Fake marriages: Three more Chinese arrested

The Federal Investigation Agency (FIA) Friday claimed to have arrested three more Chinese nationals and a Pakistani couple for their alleged involvement in fake marriages and human trafficking.
Published 11 May, 2019 12:00am
Hyderabad fund case: ECC approves funds for London-based solicitors

Hyderabad fund case: ECC approves funds for London-based solicitors

Economic Coordination Committee (ECC) of the Cabinet has approved funds of GBP 2.268 million (Rs 414.658 million) to pay London-based solicitors of the Hyderabad fund case, sources close to Foreign Minister told Business Recorder. Ministry of Forei
Published 11 May, 2019 12:00am
Punjab IGP meets Sarwar

Punjab IGP meets Sarwar

Punjab Minister for Law Raja Basharat and Inspector General Punjab Police Arif Nawaz called on Governor Punjab Chaudhry Muhammad Sarwar at Governor house on Friday to discuss law and order situation in the province after suicide attack outside Data Darbar
Published 11 May, 2019 12:00am
Islamabad Master Plan: Ministry gives nod for hiring consultant

Islamabad Master Plan: Ministry gives nod for hiring consultant

Ministry of Interior has given a nod to Federal Commission to proceed further with the hiring of consultant for reviewing the Master Plan of Islamabad. While approving the request for proposals (RFPs), the Federal Commission has been directed to ensure ob
Published 11 May, 2019 12:00am
Karkay RPP case: AC extends three-day remand of accused to NAB

Karkay RPP case: AC extends three-day remand of accused to NAB

The Accountability Court (AC) hearing multibillion rupees 1illegal award of Rental Power Plants (RPPs) contract scam on Friday granted three-day physical remand of accused Muhammad Sher Malik to National Accountability Bureau (NAB) in the Karkay RPP case.
Published 11 May, 2019 12:00am
NHA decides to revamp legal and maintenance departments

NHA decides to revamp legal and maintenance departments

National Highway Authority (NHA) has decided to revamp legal and maintenance departments to prevent billions of rupees losses being incurred to national exchequer annually due to their poor performance, it is learnt. Official sources revealed to Busine
Published 11 May, 2019 12:00am
MSCI less likely to downgrade Pak status to FM
Currency

MSCI less likely to downgrade Pak status to FM

Morgan Stanley Capital International (MSCI), in its upcoming announcement, is less likely to imminently downgrade Pakistan's status to Frontier Market (FM) under any of its given framework, analysts said. MSCI is going to announce its much-anticipated Sem
Published 11 May, 2019 12:00am
MSCI less likely to downgrade Pak status to FM
Currency

MSCI less likely to downgrade Pak status to FM

Morgan Stanley Capital International (MSCI), in its upcoming announcement, is less likely to imminently downgrade Pakistan's status to Frontier Market (FM) under any of its given framework, analysts said. MSCI is going to announce its much-anticipated Sem
Published 11 May, 2019 12:00am
Lahore blast: death toll rises to 12

Lahore blast: death toll rises to 12

The death toll from Wednesday's suicide blast outside the Data Darbar shrine in Lahore rose to 12, as another injured succumbed to his injuries on Friday. The 19-year Mudassar who was a resident of Mori Gate, Lahore sustained injuries in the blast and was
Published 11 May, 2019 12:00am
Joint opposition stages token walkout from Senate

Joint opposition stages token walkout from Senate

The joint opposition staged a token walkout from the Senate on Friday in protest against ignoring officers belonging to Sindh and Balochistan in appointments of trade officers abroad. Senator Jehanzeb Jamaldini of BNP-Mengal who sits on treasury benches w
Published 11 May, 2019 12:00am
KUJ slams ban on government ads to Dawn group

KUJ slams ban on government ads to Dawn group

The Karachi Union of Journalists (KUJ) has strongly condemned banning advertisements to the Dawn Media Group by the government, saying it's a targeted attempt to strangulate the free media voice. KUJ demanded withdrawal of the ban immediately, arguing tha
Published 11 May, 2019 12:00am
BTW launches flagship store in Giga Mall

BTW launches flagship store in Giga Mall

By The Way - a growing, revolutionary fashion house opened another store in the Capital. This exclusive event served as an opportunity for the people of Islamabad to view the complete collection of the vibrant and contemporary clothing and accessories. By
Published 11 May, 2019 12:00am
Underground transmission line laid at University Road: KE

Underground transmission line laid at University Road: KE

As part of its transmission enhancement project TP-1000, KE has completed laying an underground transmission line on University Road and handed it over to KMC for completion and carpeting as per agreement. In a statement, KE spokesman said work was initia
Published 11 May, 2019 12:00am
Utility Stores employees observe strike

Utility Stores employees observe strike

The Utility Stores Union observed shutter-down strike over the arrest of its Chairman Arif Shah. The employees of the Corporation shut down utility stores in the city to lodge their protest against the arrest of their chairman. The consumers were badly af
Published 11 May, 2019 12:00am
Reshuffling in Sindh cabinet not on the cards: CM

Reshuffling in Sindh cabinet not on the cards: CM

Sindh Chief Minister Syed Murad Ali Shah has rebuffed the speculation regarding reshuffling in his cabinet, saying the cabinet still remains incomplete. "Reshuffling is out of question since Sindh cabinet remains incomplete and needs more ministers," he s
Published 11 May, 2019 12:00am
HSATI urges government to take notice of unannounced gas load management

HSATI urges government to take notice of unannounced gas load management

Hyderabad SITE Association of Trade and Industry (HSATI) has expressed grave concerns over unannounced gas load management as well as supply of low pressure gas in the industrial areas. It appealed to the high ups of the government to take serious notice
Published 11 May, 2019 12:00am
Slightly above normal rainfall likely in country

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
Temperature begins to rise in various parts of Punjab: Met

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
BMP asks PM to introduce internal tax reforms

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
Islamabad to have regional blood centre

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
Punjab government to provide modern agriculture implements to farmers

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
MTI Reforms Act: YDA strike enters 10th consecutive day

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
TDAP to participate in Leatherworld Paris
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
Unabated smuggling obstructing local production of radial tyres

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
ExD, Paramount Distributors join hands for SAP B1 solution

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
Demand of Pakistani cotton increasing in international market
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
Vehicles seizure: PFMA to chalk out strategy on May 16

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

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
Fire incidents: Report submitted to tribunal

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
Qureshi briefed about launch of online/e-visa facility

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
Adviser accuses PTI of bowing down before IMF

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
British MPs, HC review bilateral trade ties

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
DUHS installs solar system

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
Nine more HIV cases reported in Shikarpur

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

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
Sherry questions rising petrol prices

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
CDA fails to complete expansion of Ataturk Road

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

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
Government committed to expediting CPEC projects: Khusro

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
Conflict prevention: Japan lauds Pakistan's contributions

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
Ufone wins silver trophy at Effie Pakistan Awards 2019

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
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