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Nov 25, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2019-05-20
THE RUPEE: upward march on
Exchange

THE RUPEE: upward march on

The rupee dropped about Rs 7 or seven percent against the dollar on the money market during the week, ended on May 18, 2019. OPEN MARKET RATES: The rupee fell sharply in terms of the dollar for buying and selling at Rs 149.00 and Rs 150.00. The rupee also
Published 20 May, 2019 12:00am
Al Jazeera suspends two journalists over Holocaust report

Al Jazeera suspends two journalists over Holocaust report

Qatari state-funded broadcaster Al Jazeera suspended two journalists on Sunday over a video they produced claiming the extent of the Holocaust was being misrepresented by Jews. The clip, posted by Al Jazeera's online AJ+ Arabic service, claimed "the narra
Published 20 May, 2019 12:00am
Houthi group says will target UAE, Saudi military facilities

Houthi group says will target UAE, Saudi military facilities

Yemen's Houthi group said targeting Saudi Aramco's installations last week was the beginning of military operations against 300 vital military targets, Houthi-controlled SABA news agency said on Sunday, citing a source in the movement's military. Targets
Published 20 May, 2019 12:00am
Rocket fired in Iraqi capital, no casualties

Rocket fired in Iraqi capital, no casualties

A rocket was fired in Iraqi capital Baghdad's heavily-fortified Green Zone, which houses government buildings and foreign embassies, but caused no casualties, the Iraqi military said on Sunday. A blast was heard in central Baghdad on Sunday night, Reuters
Published 20 May, 2019 12:00am
US to hold economic conference in June to seek boost for Palestinians

US to hold economic conference in June to seek boost for Palestinians

The United States will hold an international economic "workshop" in Bahrain in late June to encourage investment in the Palestinian areas as the first part of President Donald Trump's coming Middle East peace plan, the White House said on Sunday.
Published 20 May, 2019 12:00am
Modi set to return to power with a bigger majority: exit polls

Modi set to return to power with a bigger majority: exit polls

Indian Prime Minister Narendra Modi is likely to return to power with an even bigger majority in parliament after a mammoth general election that ended on Sunday, exit polls showed, a far better showing than expected in recent weeks.
Published 20 May, 2019 12:00am
Modi set to return to power with a bigger majority: exit polls

Modi set to return to power with a bigger majority: exit polls

Indian Prime Minister Narendra Modi is likely to return to power with an even bigger majority in parliament after a mammoth general election that ended on Sunday, exit polls showed, a far better showing than expected in recent weeks.
Published 20 May, 2019 12:00am
The Weather

The Weather

The weather report on Sunday (May 19, 2019) and the forecast for Monday (May 20, 2019).

Published 20 May, 2019 12:00am
Your rupee last week
Exchange

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (May 13 to 17 2019).

Published 20 May, 2019 12:00am
City hailed as England's best ever

City hailed as England's best ever

Manchester City's treble winners have been hailed as English football's greatest ever team after their FA Cup final demolition of Watford completed an historic campaign. Pep Guardiola's side became the first English club to win the Premier League, FA Cup
Published 20 May, 2019 12:00am
City stars salute departing 'legend' Kompany

City stars salute departing 'legend' Kompany

Vincent Kompany was hailed as a "legend" by Manchester City's stars on Sunday after the Belgium defender revealed he will leave the treble winners to become player-manager at Anderlecht. Kompany confirmed his move to the Belgian club just 24 hours after l
Published 20 May, 2019 12:00am
Pliskova sweeps past Konta to win Italian Open

Pliskova sweeps past Konta to win Italian Open

Czech fourth seed Karolina Pliskova swept past Britain's Johanna Konta 6-3, 6-4 to win the WTA Italian Open on Sunday. Pliskova, the 2017 French Open semi-finalist, clinched her 13th career title, in the final major warm-up tournament on clay before Rolan
Published 20 May, 2019 12:00am
Nadal beats Djokovic to win ninth Rome title

Nadal beats Djokovic to win ninth Rome title

Rafael Nadal defeated Novak Djokovic 6-0, 4-6, 6-1 to win a ninth Italian Open title and a record 34rd Masters crown on Sunday. World number one Djokovic, winner at the Madrid Open last week, produced an error-strewn performance in his 54th meeting with s
Published 20 May, 2019 12:00am
Marquez wins French Moto GP for Honda landmark

Marquez wins French Moto GP for Honda landmark

Spain's defending world champion Marc Marquez of Honda won the French Moto GP at Le Mans on Sunday ahead of Italian pair Andrea Dovizioso and Danilo Petrucci of Ducati. It was Marquez's 47th top level GP win and his third of the season, but for Honda this
Published 20 May, 2019 12:00am
Afghanistan's World Cup build-up hit by Ireland defeat

Afghanistan's World Cup build-up hit by Ireland defeat

Afghanistan's World Cup preparations suffered a setback as they crashed to a 72-run defeat against Ireland in Sunday's one-day international. Chasing 211 to win in Belfast, Afghanistan were dismissed for 138 after losing their last six wickets for just 44
Published 20 May, 2019 12:00am
Benfica seal 37th Portuguese title

Benfica seal 37th Portuguese title

Benfica sealed their 37th Portuguese league title on Saturday with a 4-1 victory over Santa Clara in the euphoric Stadium of Light. Benfica struggled until Bruno Lage took over as manager in January and though their form improved they were still third at
Published 20 May, 2019 12:00am
World champ Gatlin edges Kiryu to win 100m in Osaka

World champ Gatlin edges Kiryu to win 100m in Osaka

Justin Gatlin pipped Japan's Yoshihide Kiryu to win the men's 100 metres as fellow American Michael Norman fired a world championship warning with a superb 200m at the Golden Grand Prix Osaka on Sunday. The 37-year-old Gatlin produced a strong finish to c
Published 20 May, 2019 12:00am
India gender-row sprinter Chand says she is gay

India gender-row sprinter Chand says she is gay

Top Indian sprinter Dutee Chand revealed Sunday that she is gay, becoming the first athlete from the socially conservative country to do so, and adding she feared being ostracised by her family after the admission. Chand, who was at the centre of a length
Published 20 May, 2019 12:00am
Messi increases goal haul

Messi increases goal haul

Barcelona captain and La Liga top scorer Lionel Messi rounded off a spectacular season by netting twice in a 2-2 draw away to Eibar in the champions' final game on Sunday, taking his tally to a remarkable 36 goals. Eibar went ahead in the 20th minute with
Published 20 May, 2019 12:00am
Real Madrid end campaign with 12th league defeat

Real Madrid end campaign with 12th league defeat

Real Madrid's harrowing season came to a fittingly miserable end on Sunday as they slumped to a staggering 12th La Liga defeat, losing 2-0 at home to Real Betis as many fans left the stadium early and those who stayed booed the players off the pitch.
Published 20 May, 2019 12:00am
England post 4-0 series victory against Pakistan

England post 4-0 series victory against Pakistan

Chris Woakes took five wickets as England beat Pakistan by 54 runs to win the fifth one-day international at Headingley on Sunday. Victory, in their final match before the World Cup hosts and favourites name their tournament squad on Tuesday, saw England
Published 20 May, 2019 12:00am
LED light can damage eyes, health authority warns

LED light can damage eyes, health authority warns

The "blue light" in LED lighting can damage the eye's retina and disturb natural sleep rhythms, France's government-run health watchdog said. New findings confirm earlier concerns that "exposure to an intense and powerful LED light is 'photo-toxic' and ca
Published 20 May, 2019 12:00am
One in seven babies born with low birth weight: study

One in seven babies born with low birth weight: study

More than 20 million newborns in 2015 - one in seven - came into the world weighing too little, according to a global assessment of birth weight, published Thursday. Over 90 percent of babies tipping the scale at less than 2.5 kilos (5.5 pounds) when born
Published 20 May, 2019 12:00am
Sleep apnea tied to heart problems after surgery

Sleep apnea tied to heart problems after surgery

People having surgery may be more likely to experience cardiovascular problems afterward when they have a common nighttime breathing disorder known as sleep apnea, a study suggests. Compared to patients without apnea, people with severe apnea were more th
Published 20 May, 2019 12:00am
Scientists in new push to control cancer before curing it

Scientists in new push to control cancer before curing it

Cancer scientists in Britain are launching what they call the world's first "Darwinian" drug development programme in a bid to get ahead of cancer's ability to become resistant to even the newest treatments and recur in many patients. While not abandoning
Published 20 May, 2019 12:00am
'Super corals' give glimmer of hope for world's dying reefs

'Super corals' give glimmer of hope for world's dying reefs

Hawaiian "super corals" that have recovered despite living in warm and acidic water offer a glimmer of hope that dying reefs across the world could be saved, a new study says. The research suggests that the gloomiest climate change picture of a world with
Published 20 May, 2019 12:00am
WhatsApp, security and spyware: what happened

WhatsApp, security and spyware: what happened

Facebook-owned WhatsApp's revelation of a security flaw allowing hackers to inject spyware on smartphones raised fresh concerns about the security of the mobile ecosystem. Here are five key questions and answers:
Published 20 May, 2019 12:00am
Mobile app may detect child's ear infections without doctor's visit

Mobile app may detect child's ear infections without doctor's visit

A team at the University of Washington has invented a smartphone app that, when used with a paper funnel, is able to detect ear infections in children, helping parents decide whether a trip to the doctor is warranted. The app, which was described in the j
Published 20 May, 2019 12:00am
5G: Five things to know

5G: Five things to know

It is heralded as an essential step to a brave new world of technology, but in the here and now, super-fast 5G networking is already pitting China against the West. Here are five things to know about the fifth-generation successor to today's 4G technology
Published 20 May, 2019 12:00am
Singapore Airlines profit plunges
Exchange

Singapore Airlines profit plunges

Singapore Airlines said Thursday its net profit for the last financial year nearly halved as fuel costs surged, but reported its highest ever full-year revenues. The major Asian carrier said bookings in the months ahead indicate robust demand, but warned
Published 20 May, 2019 12:00am
Singapore Airlines profit plunges
Exchange

Singapore Airlines profit plunges

Singapore Airlines said Thursday its net profit for the last financial year nearly halved as fuel costs surged, but reported its highest ever full-year revenues. The major Asian carrier said bookings in the months ahead indicate robust demand, but warned
Published 20 May, 2019 12:00am
Allianz on track in 2019 after better Q1 figures

Allianz on track in 2019 after better Q1 figures

German insurer Allianz said on Tuesday it is on track to meet its forecasts for 2019 after publishing improved first-quarter figures. "Allianz achieved strong results in the first quarter putting the group on track to meet its 2019 full-year targets," doi
Published 20 May, 2019 12:00am
Allianz on track in 2019 after better Q1 figures

Allianz on track in 2019 after better Q1 figures

German insurer Allianz said on Tuesday it is on track to meet its forecasts for 2019 after publishing improved first-quarter figures. "Allianz achieved strong results in the first quarter putting the group on track to meet its 2019 full-year targets," doi
Published 20 May, 2019 12:00am
Japan's top two banks post double-digit full-year profit declines

Japan's top two banks post double-digit full-year profit declines

Japan's two biggest banks by assets posted double-digit declines in annual profit on Wednesday, highlighting deepening challenges for lenders as the world's third-largest economy looks headed toward another downturn. Banks in Japan have been forced to dea
Published 20 May, 2019 12:00am
Generali profits rise, capital reserves hit by new rules

Generali profits rise, capital reserves hit by new rules

Generali, Italy's biggest insurer, reported a larger-than-expected 28 percent rise in first-quarter net profit helped by asset sales, though capital ratios fell due to regulatory changes. Generali's solvency ratio, a key measure of financial strength, sto
Published 20 May, 2019 12:00am
Generali profits rise, capital reserves hit by new rules

Generali profits rise, capital reserves hit by new rules

Generali, Italy's biggest insurer, reported a larger-than-expected 28 percent rise in first-quarter net profit helped by asset sales, though capital ratios fell due to regulatory changes. Generali's solvency ratio, a key measure of financial strength, sto
Published 20 May, 2019 12:00am
UniCredit advances toward takeover bid for Germany's Commerzbank

UniCredit advances toward takeover bid for Germany's Commerzbank

UniCredit has stepped up preparations for a potential bid for Germany's Commerzbank by hiring investment bankers, including a former top German official, three people familiar with the matter said. UniCredit had engaged Lazard and its banker Joerg Asmusse
Published 20 May, 2019 12:00am
Russia's Rosneft lifts profit in Q1

Russia's Rosneft lifts profit in Q1

Russia's largest oil producer Rosneft said Monday that its bottom-line profit rose sharply in the first three months of the current year on the back of increased production and the slide in the value of the ruble. The state-controlled group said in a stat
Published 20 May, 2019 12:00am
Russia's Rosneft lifts profit in Q1

Russia's Rosneft lifts profit in Q1

Russia's largest oil producer Rosneft said Monday that its bottom-line profit rose sharply in the first three months of the current year on the back of increased production and the slide in the value of the ruble. The state-controlled group said in a stat
Published 20 May, 2019 12:00am
Singtel posts lowest annual profit in 16 years

Singtel posts lowest annual profit in 16 years

Singtel on Wednesday posted its smallest annual profit in 16 years partly due to the intense competition faced by its regional associates in India and Indonesia, and the telecom operator said it would attempt to keep a check on its expenses.
Published 20 May, 2019 12:00am
Singtel posts lowest annual profit in 16 years

Singtel posts lowest annual profit in 16 years

Singtel on Wednesday posted its smallest annual profit in 16 years partly due to the intense competition faced by its regional associates in India and Indonesia, and the telecom operator said it would attempt to keep a check on its expenses.
Published 20 May, 2019 12:00am
Boeing acknowledges flaw in 737 MAX simulator software

Boeing acknowledges flaw in 737 MAX simulator software

Boeing acknowledged Saturday it had to correct flaws in its 737 MAX flight simulator software used to train pilots, after two deadly crashes involving the aircraft that killed 346 people. "Boeing has made corrections to the 737 MAX simulator software and
Published 20 May, 2019 12:00am
Home price growth: Four more Chinese cities warned

Home price growth: Four more Chinese cities warned

China's housing regulator has urged four more cities to prevent their residential property markets from overheating in the latest sign that authorities are not about to relax their grip on the real estate business in order to spur the economy.
Published 20 May, 2019 12:00am
Concerns for Thomas Cook trips after share collapse

Concerns for Thomas Cook trips after share collapse

British holidaymakers on Sunday flooded troubled tour operator Thomas Cook with concerns about their trips, after its share price collapsed. All eyes are on what will happen to the stock value of Britain's oldest and largest independent travel company whe
Published 20 May, 2019 12:00am
Knot says eurozone inflation is not where ECB wants it

Knot says eurozone inflation is not where ECB wants it

Inflation in the eurozone is not at the level the European Central Bank wants it to be, ECB policymaker Klaas Knot said in an interview published by Italian daily Corriere della Sera on Sunday. Euro zone prices rose by 1.7 percent year-on-year in April fr
Published 20 May, 2019 12:00am
Bangladesh factory safety monitors get court extension

Bangladesh factory safety monitors get court extension

Global clothing brands including H&M, Primark and Tesco won a Bangladesh Supreme Court case Sunday, allowing international factory safety monitors to operate in the country which has had a string of industrial disasters. The top court in the South Asian n
Published 20 May, 2019 12:00am
Benetton aims to increase Generali stake

Benetton aims to increase Generali stake

Italy's Benetton family wants to increase its stake in Generali and believes that Europe's third-biggest insurer must remain in Italian hands, Luciano Benetton said in an interview published in La Repubblica. Luciano is one of the four siblings who founde
Published 20 May, 2019 12:00am
Canada aims to ratify trade deal after lifting of tariffs

Canada aims to ratify trade deal after lifting of tariffs

Ottawa plans to proceed "full steam ahead" on ratification of a free trade agreement with the US and Mexico, Canada's foreign affairs minister said Saturday, after the neighbors scrapped reciprocal tariffs on steel and aluminum imports. Canada had been "v
Published 20 May, 2019 12:00am
Gazprom says slight changes to Nord Stream two timings possible

Gazprom says slight changes to Nord Stream two timings possible

Slight changes to the schedule of Russia's Nord Stream 2 gas pipeline project to Germany are possible, Alexey Miller, chief executive of Gazprom, the Russian state gas producer leading the project, was quoted as saying on Sunday. Delays in obtaining permi
Published 20 May, 2019 12:00am
Huawei will not bow to US pressure: founder

Huawei will not bow to US pressure: founder

Chinese telecoms giant Huawei is ready to deal with Washington's crackdown and will reduce its reliance on US components, its founder told Japanese media. President Donald Trump effectively barred Huawei from the US market on Wednesday and added it to a l
Published 20 May, 2019 12:00am
Record level of funds hedge against stocks fall

Record level of funds hedge against stocks fall

Global investors' equity allocations fell 6 percentage points in May and over a third of fund managers have taken out protection against sharp stock market falls in coming months, Bank of America Merrill Lynch's latest monthly survey found on Tuesday. The
Published 20 May, 2019 12:00am
Record level of funds hedge against stocks fall

Record level of funds hedge against stocks fall

Global investors' equity allocations fell 6 percentage points in May and over a third of fund managers have taken out protection against sharp stock market falls in coming months, Bank of America Merrill Lynch's latest monthly survey found on Tuesday. The
Published 20 May, 2019 12:00am
Britain sees strongest demand in a year for new 35-year bond

Britain sees strongest demand in a year for new 35-year bond

Britain received the strongest demand in a year for its government debt, when it sold 4.75 billion pounds ($6.13 billion) of a new 35-year government bond, underscoring how little the approach of Brexit has unsettled investors. Investors placed orders tot
Published 20 May, 2019 12:00am
Britain sees strongest demand in a year for new 35-year bond

Britain sees strongest demand in a year for new 35-year bond

Britain received the strongest demand in a year for its government debt, when it sold 4.75 billion pounds ($6.13 billion) of a new 35-year government bond, underscoring how little the approach of Brexit has unsettled investors. Investors placed orders tot
Published 20 May, 2019 12:00am
Dubai stocks down on property, banking as Gulf markets mixed

Dubai stocks down on property, banking as Gulf markets mixed

Dubai's stock market closed down on Sunday, dragged lower by property and banking shares as Gulf markets ended the day mixed amid rising geopolitical tensions that have shaken investor confidence. Dubai's main index fell 2.2%, led by a 3.1% decline in hea
Published 20 May, 2019 12:00am
Hanergy Thin Film to delist from Hong Kong exchange
Exchange

Hanergy Thin Film to delist from Hong Kong exchange

Hanergy Thin Film Power Group Ltd said on Sunday it expects its shares to be withdrawn from the Hong Kong stock exchange on June 11 after its shareholders approved a plan to take the company private and re-list it in mainland China. Shareholders in the so
Published 20 May, 2019 12:00am
US money market assets rise

US money market assets rise

US money market fund assets increased for a third straight week amid worries about slowing economic growth and renewed trade tension between China and the United States, a private report released on Wednesday showed. Investors preferred to put more cash i
Published 20 May, 2019 12:00am
US money market assets rise

US money market assets rise

US money market fund assets increased for a third straight week amid worries about slowing economic growth and renewed trade tension between China and the United States, a private report released on Wednesday showed. Investors preferred to put more cash i
Published 20 May, 2019 12:00am
AIIB eyes more 2019 bond sales after dollar debut
Currency

AIIB eyes more 2019 bond sales after dollar debut

The Beijing-backed Asian Infrastructure Investment Bank (AIIB) is planning to tap capital markets again later in the year following this week's bond debut, the lender's Chief Financial Office Thierry de Longuemar said on Thursday. The AIIB priced its firs
Published 20 May, 2019 12:00am
AIIB eyes more 2019 bond sales after dollar debut
Currency

AIIB eyes more 2019 bond sales after dollar debut

The Beijing-backed Asian Infrastructure Investment Bank (AIIB) is planning to tap capital markets again later in the year following this week's bond debut, the lender's Chief Financial Office Thierry de Longuemar said on Thursday. The AIIB priced its firs
Published 20 May, 2019 12:00am
Brazil economic woes hit stocks, currency
Currency

Brazil economic woes hit stocks, currency

Atrophying growth forecasts and waning confidence in President Jair Bolsonaro sent Brazil's stocks and currency to their lowest level of the year this week, as analysts warned of further falls. Since touching a record 100,000 points in mid-March, the Bove
Published 20 May, 2019 12:00am
Brazil economic woes hit stocks, currency
Currency

Brazil economic woes hit stocks, currency

Atrophying growth forecasts and waning confidence in President Jair Bolsonaro sent Brazil's stocks and currency to their lowest level of the year this week, as analysts warned of further falls. Since touching a record 100,000 points in mid-March, the Bove
Published 20 May, 2019 12:00am
Wall Street week ahead: tariffs could lead to markdowns in retail shares

Wall Street week ahead: tariffs could lead to markdowns in retail shares

US retailer stocks have moved from buoyant to bruised this year and the intensification of the US-China trade war makes them especially vulnerable because consumer products would be targeted in the next round of threatened tariff increases. The potential
Published 20 May, 2019 12:00am
Pakistan gives much importance to its bilateral ties with Kuwait: FM

Pakistan gives much importance to its bilateral ties with Kuwait: FM

Foreign Minister Shah Mahmood Qureshi has said that Pakistan gives much importance to its bilateral and economic relations with Kuwait. According to Foreign Office, talking to his Kuwaiti counterpart Sabah Al Khalid Al Sabah in Kuwait City, Shah Mahmood Q
Published 20 May, 2019 12:00am
Patients continue to suffer due to doctors strike in KP

Patients continue to suffer due to doctors strike in KP

Despite government's warnings, doctors continued crippling strike and boycotted outpatient departments (OPDs) for the fifth consecutive day in all health facilities across Khyber Pakhtunkhwa aiding to patients' miseries. The protesting doctors have also r
Published 20 May, 2019 12:00am
Girl kidnapped from DHA reaches home

Girl kidnapped from DHA reaches home

A 20-year-old girl, Bisma allegedly kidnapped for ransom from Defence Housing Authority (DHA) on May 11, returned home on Sunday According to police, the girl was kidnapped from outside the house at Khayaban-e-Seher on May 11. The Bisma reached her home o
Published 20 May, 2019 12:00am
TCP urea import contract may go to lowest bidder

TCP urea import contract may go to lowest bidder

In response to the Trading Corporation of Pakistan's urea import tender, some seven international suppliers have evinced interest to supply the commodity at a price ranging from $ 301.70 to $ 309.91 per metric tons. Sources told Business Recorder o
Published 20 May, 2019 12:00am
Trade potential exists between Pakistan, Vietnam
Exchange

Trade potential exists between Pakistan, Vietnam

There is a trade potential exists between Pakistan and Vietnam. This was stated by Naguyen Hong Tien, The Commercial Counsellor of Vietnam during his visit to Bin Qasim Association of Trade & Industry (BQATI) with Vietnam Embassy Pakistan's adviser (Trade
Published 20 May, 2019 12:00am
Pesco lodges FIRs against power thieves
Cotton

Pesco lodges FIRs against power thieves

Peshawar Electric Supply Company (Pesco) has removed dozens of direct hooks and arrested three persons for stealing electricity during ongoing crackdown against power pilferage in Khyber Circle and registered FIRs against the power thefts. Spokesman of th
Published 20 May, 2019 12:00am
Kekra-I block Drilling results show good reservoir but water wet: PD

Kekra-I block Drilling results show good reservoir but water wet: PD

Petroleum Division (PD) of the Energy Ministry on Sunday said the results of four-month offshore drilling at Indus G-Block called Kekra-I, some 230-km off the Karachi coast, had shown good quality hydrocarbon reservoir but unfortunately these were water w
Published 20 May, 2019 12:00am
'Modalities of new economic reforms being considered'

'Modalities of new economic reforms being considered'

New economic reforms are being hammered out in order to synchronize national trade, industry and exports with international standards with a focus on enhanced global market access for Pakistani exportable surplus, said Sardar Ahmed Nawaz Sukhera Secretary
Published 20 May, 2019 12:00am
PTI government won't let PPP-PML-N nexus to succeed: Firdous

PTI government won't let PPP-PML-N nexus to succeed: Firdous

Special Assistant to Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan on Sunday said the Iftar dinner held by PPP Chairman Bilawal Bhutto Zardari for different political leaders was in fact renewal of the nexus between the Pakistan Peo
Published 20 May, 2019 12:00am
Punjab CS urges people to minimise use of polythene bags

Punjab CS urges people to minimise use of polythene bags

Chief Secretary Punjab Yousaf Naseem Khokhar on Sunday has said that use of polythene bags for shopping must be minimized as these are causing environmental pollution. He said that a strategy has been prepared to phase out plastic bags and distribution of
Published 20 May, 2019 12:00am
Three killed in cross firing between two groups
Exchange

Three killed in cross firing between two groups

Three persons were gunned down and one other injured in a cross firing incident between two groups over a petty land dispute in the jurisdiction of police station Guri Wala, District Bannu on Sunday. According to police control Bannu, the two groups excha
Published 20 May, 2019 12:00am
Death toll rises to 8 in boat capsize tragedy

Death toll rises to 8 in boat capsize tragedy

Deputy Commissioner Jamshoro Capt Fariddudin Mustafa (retd) informed on Sunday that 5 women and 3 children drowned in the incident while 7 persons survived. He identified the deceased as 35 years old Qaima Machhi, 30 years old Gulzadi Machhi, 25 years old
Published 20 May, 2019 12:00am
SCCI submits proposals for budget 2019-20
Currency

SCCI submits proposals for budget 2019-20

Sialkot Chamber of Commerce and Industry (SCCI) has submitted its budget proposals for 2019-20. The SCCI suggested that the government should take steps to reduce the interest rate since it has made borrowing expensive for private sector and discouraged i
Published 20 May, 2019 12:00am
PIFFA laments passage of PCLRA Bill by Senate

PIFFA laments passage of PCLRA Bill by Senate

Pakistan International Freight Forwarders Association (PIFFA) chairman in a statement said despite registering our reservations on PCLRA (Pakistan Courier & Logistics Regulatory Authority) Bill, the Senate of Pakistan endorsed the Bill yesterday without a
Published 20 May, 2019 12:00am
Roadside Iftari attracts deserving people

Roadside Iftari attracts deserving people

Uncontrolled price hike of the basic commodities and squeezing purchasing power of general public has badly affected the humanitarian activities such as roadside Iftar dastarkhwans for deserving people in Ramazan. Karachiites see relatively reduced roadsi
Published 20 May, 2019 12:00am
KP CM for expediting model houses of Sasta Ghar scheme

KP CM for expediting model houses of Sasta Ghar scheme

KP Chief Minister Mahmood Khan has directed for speedy finalisation of the models of housing schemes under Sasta Ghar Programme in Peshawar and Hangu districts. He has further directed guaranteeing the feasibility of the models from all aspects and keepin
Published 20 May, 2019 12:00am
UBG leader terms rupee devaluation government's failure
Currency

UBG leader terms rupee devaluation government's failure

The United Business Group (UBG) leader Ilyas Ahmad Bilour termed the continuous depreciation of Pakistani rupee (PKR) against US dollar during last one week as the worst failure of the government. "It has exposed the nine-month performance of Imran Niazi-
Published 20 May, 2019 12:00am
Country may face flour crisis, warns PFMA Punjab

Country may face flour crisis, warns PFMA Punjab

Pakistan Flour Mills Association (PFMA), Punjab has warned that the country is likely to face "flour crisis" if the authorities concerned failed to refrain the provincial food department from impounding the vehicles, carrying flour bags, of the mill owner
Published 20 May, 2019 12:00am
Firdous criticises Bilawal-Maryam meeting

Firdous criticises Bilawal-Maryam meeting

Firdous Ashiq Awan, Information Adviser to Prime Minister Sunday taunted Pakistan Peoples Party (PPP) chairman Bilawal Bhutto-Zardari and Pakistan Muslim League-Nawaz (PML-N) vice president Maryam Nawaz after both politicians agreed on meeting over an Ift
Published 20 May, 2019 12:00am
ERKF project Shortlisting of SMEs applications begins

ERKF project Shortlisting of SMEs applications begins

The Project Unit of the Economic Revitalisation of Khyber Pakhtunkhwa and FATA (ERKF) project established under the auspices of Small and Medium Enterprises Development Authority (SMEDA) has started sorting the application forms received from the SMEs of
Published 20 May, 2019 12:00am
CPEC has rich potential for country's economic growth: Asad

CPEC has rich potential for country's economic growth: Asad

Former Finance Minister Asad Umar told the Chinese media that China-Pakistan Economic Corridor (CPEC) has a rich potential of Pakistan's economic growth and it meets the common aspirations of the people. CPEC has delivered benefits to both China and Pakis
Published 20 May, 2019 12:00am
Sarhad chamber for extending tax exemption period in KP, Balochistan

Sarhad chamber for extending tax exemption period in KP, Balochistan

Sarhad Chamber of Commerce and Industry (SCCI) has called for extending the period of tax exemption under Clause 126L of Part-1 of 2nd Schedule to the Income Tax Ordinance 2001 for another five years term to conclude on June 30,2023. The demand was made i
Published 20 May, 2019 12:00am
Government not afraid of opposition's alliance: Sarwar

Government not afraid of opposition's alliance: Sarwar

Governor Punjab Ch Muhammad Sarwar has said that accountability process will not stop, government is not afraid of opposition's alliance. Anybody involved in corruption or any other grave crime will not be spared. The decision of "Successful Youth Program
Published 20 May, 2019 12:00am
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