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Print - 2019-05-21
KMC to build Kidney Hill Park in KDA Scheme 32

KMC to build Kidney Hill Park in KDA Scheme 32

KMC will develop the 62-acre Kidney Hill (Ahmed Ali Park) in KDA Scheme No 32 under the directive of the Supreme Court. The foundation-laying of the park will be held after Eidul Fitr and also after removal of encroachment from the land of the park and pr
Published 21 May, 2019 12:00am
Abdul Kader Jaffer honoured by Japan government

Abdul Kader Jaffer honoured by Japan government

Abdul Kader Jaffer, former Chairman of the Pakistan Japan Business Forum (PJBF) and Chairman of Ahmed EH Jaffer Foundation and Ahmed Jaffer & Co. Private Ltd, honored by the Government of Japan. The Government of Japan announced the foreign recipients of
Updated 23 May, 2019 07:41am
Policy rate hike beats expectations

Policy rate hike beats expectations

The State Bank of Pakistan has increased policy rate by 150bps to 12.25 percent. This was higher than market expectations. It comes right after the Staff Level agreement between the International Monetary Fund (IMF) and the government, analysts said. "We
Published 21 May, 2019 12:00am
Remittances set to surge in two weeks: WorldRemit

Remittances set to surge in two weeks: WorldRemit

Data from leading online money transfer service WorldRemit shows that the week before Eid-ul-Fitr was the company's busiest period for transfers to Pakistan in 2018.
Published 21 May, 2019 12:00am
New launched trains incur Rs 167 million to national exchequer so far

New launched trains incur Rs 167 million to national exchequer so far

Ten new trains launched by Pakistan Tehreek-e-Insaf government have incurred Rs 167 million to the national exchequer so far, while overall punctuality of trains declined from 76 percent to 71 percent. This was revealed in a meeting of National Assembly S
Published 21 May, 2019 12:00am
Maryam calls Imran fake PM, insult to position
Currency

Maryam calls Imran fake PM, insult to position

Pakistan Muslim League-Nawaz Vice President, Maryam Nawaz on Monday refused to recognise Imran Khan as the legitimate prime minister, saying: "Calling a selected and fake person as prime minister is an insult to the position of the premiership."
Published 21 May, 2019 12:00am
Sherry expresses reservations at hike in interest rates

Sherry expresses reservations at hike in interest rates

PPPP Vice President, Senator Sherry Rehman has expressed serious reservations after the latest 1.5 percent hike in State Bank's interest rates. "The interest rates have been increased in accordance with the International Monetary Fund's (IMF) demands. In
Published 21 May, 2019 12:00am
Karkey case: AC rejects NAB's request for further remand of accused

Karkey case: AC rejects NAB's request for further remand of accused

The Accountability Court hearing the Rental Power Plants (RPPs) contract case Monday rejected the National Accountability Bureau's request for further physical remand of accused Laeeq Ahmed Sheikh, a director of a foreign firm, and sent him to jail on jud
Published 21 May, 2019 12:00am
Business leaders lauds NAB chief's statement

Business leaders lauds NAB chief's statement

Muhammad Zubair Motiwala, Chairman, Council of All Pakistan Textile Associations and Muhammad Jawed Bilwani, Central Chairman, Pakistan Hosiery Manufacturers & Exporters Association and Saleem Parekh, President, SITE Association of Industry lauded the Cha
Published 21 May, 2019 12:00am
Fake accounts case: AC extends physical remand of Nadeem Bhutto

Fake accounts case: AC extends physical remand of Nadeem Bhutto

The Accountability Court hearing fake bank accounts case on Monday extended the physical remand of Nadeem Bhutto, in-charge of Naudero House Larkana, for three days on the request of National Accountability Bureau (NAB). The NAB officials produced Nadeem
Published 21 May, 2019 12:00am
LHC disposes of Maryam, Hamza petition

LHC disposes of Maryam, Hamza petition

The Lahore High Court (LHC) on Monday disposed of a petition of Maryam Nawaz Sharif, Hamza Shahbaz and advised the petitioners to file an appeal against the Inland Revenue department who issued them notices for recovery of income support levy. Earlier the
Published 21 May, 2019 12:00am
FBR chief urged to form JIT to curb smuggling

FBR chief urged to form JIT to curb smuggling

Chairman, Pakistan Ship's Agents Association and former vice president FPCCI Tariq Haleem has urged the Chairman Federal Board of Revenue (FBR) Shabbar Zaidi to appoint a task force/ JIT to address issues of under/over invoicing, misdeclaration and smuggl
Published 21 May, 2019 12:00am
Pakistan emerged as leading partner of BRI: survey
Exchange

Pakistan emerged as leading partner of BRI: survey

Pakistan has emerged as a leading partner of the Belt and Road Initiative (BRI), introduced by President Xi Jinping six years back, according to survey released at a media and think tank exchange event held in Nanjing, Jiangsu province. Fast and smooth fu
Published 21 May, 2019 12:00am
Non-payment of Group Insurance money to F G employees - I

Non-payment of Group Insurance money to F G employees - I

According to the Federal Employees Benevolent Fund and Group Insurance Act, 1969 [Act II of 1969] if a federal government employee dies while in service, his family is paid group insurance money. But any federal government employee from whose monthly sala
Published 21 May, 2019 12:00am
Dark clouds on the political horizon

Dark clouds on the political horizon

Eleven opposition parties met at an Iftar (breaking fast) dinner in Islamabad at Chairman Pakistan People's Party (PPP) Bilawal Bhutto Zardari's residence on May 19, 2019. If Jamiat-e-Ulema-i-Islam-Fazl (JUI-F) chief Maulana Fazlur Rehman had had his way
Published 21 May, 2019 12:00am
Financing of external payments
Exchange

Financing of external payments

The outstanding external debt of Pakistan crossed the century mark early this year. It stands as of the end of March 2019 at $105.8 billion, according to the figures released recently by the SBP. This represents an increase in the stock of external debt o
Published 21 May, 2019 12:00am
Redressing public Complaints

Redressing public Complaints

When Imran Khan set up Pakistan Citizens Portal at the Prime Minister's Office (PMO) for prompt redressal of the citizens' grievances it was generally viewed as an exercise in futility destined to end in a whimper. However, he seems to be proving the scep
Updated 21 May, 2019 06:32am
IMF package: pace of actions, sequencing
Exchange

IMF package: pace of actions, sequencing

The extremely harsh 'prior' conditions of the International Monetary Fund (IMF) bailout package that has yet to be put up to its management and Board for approval, have begun to impact on the people of this country. The staff-level agreement between the F
Updated 21 May, 2019 06:32am
IHC accepts Nawaz bail plea for hearing

IHC accepts Nawaz bail plea for hearing

Accepting yet another bail plea on medical grounds, submitted by incarcerated former Prime Minister Nawaz Sharif, the Islamabad High Court (IHC) on Monday fixed the petition for hearing on Tuesday (today). The former prime minister, through his counsel Kh
Published 21 May, 2019 12:00am
IHC accepts Nawaz bail plea for hearing

IHC accepts Nawaz bail plea for hearing

Accepting yet another bail plea on medical grounds, submitted by incarcerated former Prime Minister Nawaz Sharif, the Islamabad High Court (IHC) on Monday fixed the petition for hearing on Tuesday (today). The former prime minister, through his counsel Kh
Published 21 May, 2019 12:00am
Safety gadgets: LHC approached against car makers

Safety gadgets: LHC approached against car makers

A bar member has approached the Lahore High Court with prayer to direct the cars manufacturing companies to ensure provision of safety gadgets in their vehicles including anti-lock braking system and airbags. The petitioner Safdar Shaheen said that none o
Published 21 May, 2019 12:00am
Discrepancies in IRSA data: NA body forms sub-committee

Discrepancies in IRSA data: NA body forms sub-committee

National Assembly Standing Committee on Water Resources Monday formed a three member sub-committee to investigate discrepancies in the water distribution data released by Indus River System Authority (IRSA). National Assembly Standing Committee Chairperso
Published 21 May, 2019 12:00am
Railways restores container train service after 22 years

Railways restores container train service after 22 years

Pakistan Railways (PR) has resumed container train service from Karachi to Lahore bringing an end to the 22-year suspension on Monday. With 70 containers, the train left Pakistan International Container Terminal (PICT), Karachi Port Trust (KPT). Federal M
Published 21 May, 2019 12:00am
Railways restores container train service after 22 years

Railways restores container train service after 22 years

Pakistan Railways (PR) has resumed container train service from Karachi to Lahore bringing an end to the 22-year suspension on Monday. With 70 containers, the train left Pakistan International Container Terminal (PICT), Karachi Port Trust (KPT). Federal M
Published 21 May, 2019 12:00am
Railways restores container train service after 22 years

Railways restores container train service after 22 years

Pakistan Railways (PR) has resumed container train service from Karachi to Lahore bringing an end to the 22-year suspension on Monday. With 70 containers, the train left Pakistan International Container Terminal (PICT), Karachi Port Trust (KPT). Federal M
Published 21 May, 2019 12:00am
Agencies bust RAW network in Gilgit-Baltistan

Agencies bust RAW network in Gilgit-Baltistan

The Research and Analysis Wing (RAW) network involved in destablising Pakistan has been busted in Gilgit-Baltistan. The intelligence agencies have foiled the attempt to spread anarchy in Gilgit and Baltistan. It has been revealed that the RAW mentored Bil
Published 21 May, 2019 12:00am
Agencies bust RAW network in Gilgit-Baltistan

Agencies bust RAW network in Gilgit-Baltistan

The Research and Analysis Wing (RAW) network involved in destablising Pakistan has been busted in Gilgit-Baltistan. The intelligence agencies have foiled the attempt to spread anarchy in Gilgit and Baltistan. It has been revealed that the RAW mentored Bil
Published 21 May, 2019 12:00am
KP doctors continue strike despite warning

KP doctors continue strike despite warning

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 21 May, 2019 12:00am
SPI increases 11.92 percent on YoY

SPI increases 11.92 percent on YoY

The Sensitive Price Indicator (SPI) for combined income group on year on year (YoY) basis has seen an increase of 11.92 percent on the week ended May 16, 2019 over the proceeding week of 2018 as it jumped from 226.56 points to 253.56 points.
Published 21 May, 2019 12:00am
SPI increases 11.92 percent on YoY

SPI increases 11.92 percent on YoY

The Sensitive Price Indicator (SPI) for combined income group on year on year (YoY) basis has seen an increase of 11.92 percent on the week ended May 16, 2019 over the proceeding week of 2018 as it jumped from 226.56 points to 253.56 points.
Published 21 May, 2019 12:00am
SPI increases 11.92 percent on YoY

SPI increases 11.92 percent on YoY

The Sensitive Price Indicator (SPI) for combined income group on year on year (YoY) basis has seen an increase of 11.92 percent on the week ended May 16, 2019 over the proceeding week of 2018 as it jumped from 226.56 points to 253.56 points.
Published 21 May, 2019 12:00am
SC proposes government to seek repatriation of Dr Aafia

SC proposes government to seek repatriation of Dr Aafia

The Supreme Court on Monday proposed to the government to seek repatriation of Dr Aafia Siddiqui along with other Pakistanis imprisoned in foreign jails, as it may yield result. Dr Aafia Siddiqui is a neurologist who is languishing in a US jail on charges
Published 21 May, 2019 12:00am
SC proposes government to seek repatriation of Dr Aafia

SC proposes government to seek repatriation of Dr Aafia

The Supreme Court on Monday proposed to the government to seek repatriation of Dr Aafia Siddiqui along with other Pakistanis imprisoned in foreign jails, as it may yield result. Dr Aafia Siddiqui is a neurologist who is languishing in a US jail on charges
Published 21 May, 2019 12:00am
Mueen-ul-Haq made HC to India

Mueen-ul-Haq made HC to India

Prime Minister Imran Khan has appointed 18 ambassadors and consul generals in various Pakistan missions abroad including Mueen-ul-Haq as Pakistan's new High Commissioner to India, Foreign Minister Shah Mehmood Qureshi said. Talking to media persons, Qures
Published 21 May, 2019 12:00am
Mueen-ul-Haq made HC to India

Mueen-ul-Haq made HC to India

Prime Minister Imran Khan has appointed 18 ambassadors and consul generals in various Pakistan missions abroad including Mueen-ul-Haq as Pakistan's new High Commissioner to India, Foreign Minister Shah Mehmood Qureshi said. Talking to media persons, Qures
Published 21 May, 2019 12:00am
The Weather

The Weather

The weather report on Monday (May 20, 2019) and the forecast for Tuesday (May 21, 2019).

Published 21 May, 2019 12:00am
Eiffel Tower evacuated after climber spotted

Eiffel Tower evacuated after climber spotted

The Eiffel Tower was evacuated on Monday after a man was seen climbing up the iconic Paris landmark, one of France's biggest tourist draws, the operating company said. "A climber has been spotted. It's the standard procedure. We have to stop the person, a
Published 21 May, 2019 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (May 20, 2019).

Published 21 May, 2019 12:00am
US ambassador makes rare visit to Tibet

US ambassador makes rare visit to Tibet

The US ambassador to China is making the first trip to Tibet by an American envoy in four years after obtaining rare access to the restricted region, his embassy said Monday. The visit by Ambassador Terry Branstad comes two months after the US State Depar
Published 21 May, 2019 12:00am
CoAS, Chinese envoy discuss regional security

CoAS, Chinese envoy discuss regional security

Ambassador of China to Pakistan, Yao Jing called on Chief of Army Staff (CoAS), General Qamar Javed Bajwa at the General Headquarters (GHQ) on Monday. During the meeting matters of mutual interest including regional security situation were discussed, said
Published 21 May, 2019 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (May 20, 2019).

Published 21 May, 2019 12:00am
Biting inflation: SBP hikes interest rate
Exchange

Biting inflation: SBP hikes interest rate

The key policy rate touched eight-year high of 12.25 percent, up by 150 basis points (bps) on Monday as the State Bank of Pakistan (SBP) stepped up efforts to address the macroeconomic challenges. The Monetary Policy Committee of the State Bank met with S
Published 21 May, 2019 12:00am
Biting inflation: SBP hikes interest rate
Exchange

Biting inflation: SBP hikes interest rate

The key policy rate touched eight-year high of 12.25 percent, up by 150 basis points (bps) on Monday as the State Bank of Pakistan (SBP) stepped up efforts to address the macroeconomic challenges. The Monetary Policy Committee of the State Bank met with S
Published 21 May, 2019 12:00am
Biting inflation: SBP hikes interest rate
Exchange

Biting inflation: SBP hikes interest rate

The key policy rate touched eight-year high of 12.25 percent, up by 150 basis points (bps) on Monday as the State Bank of Pakistan (SBP) stepped up efforts to address the macroeconomic challenges. The Monetary Policy Committee of the State Bank met with S
Published 21 May, 2019 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (May 20, 2019)

Published 21 May, 2019 12:00am
PSX ends on positive note: BRIndex100 edges up
Exchange

PSX ends on positive note: BRIndex100 edges up

Pakistan Stock Exchange Monday witnessed highly volatile session and remained in negative territory for most of the day amid increasing volumes. However, late buying in certain sectors, mainly by local investors, supported the PSX to close on a positive n
Published 21 May, 2019 12:00am
PSX ends on positive note: BRIndex100 edges up
Exchange

PSX ends on positive note: BRIndex100 edges up

Pakistan Stock Exchange Monday witnessed highly volatile session and remained in negative territory for most of the day amid increasing volumes. However, late buying in certain sectors, mainly by local investors, supported the PSX to close on a positive n
Published 21 May, 2019 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (May 20, 2019).

Published 21 May, 2019 12:00am
PSX ends on positive note: BRIndex100 edges up
Exchange

PSX ends on positive note: BRIndex100 edges up

Pakistan Stock Exchange Monday witnessed highly volatile session and remained in negative territory for most of the day amid increasing volumes. However, late buying in certain sectors, mainly by local investors, supported the PSX to close on a positive n
Published 21 May, 2019 12:00am
Punjab government accepts demands of PFMA

Punjab government accepts demands of PFMA

The Punjab government, accepting the demands of the Pakistan Flour Mills Association (PFMA), has announced that there will be no bar on wheat procurement by the flour mills in the province. Flour mills can buy whatever quantity and from wherever they want
Published 21 May, 2019 12:00am
Tehran says Trump's 'genocidal taunts won't end Iran'

Tehran says Trump's 'genocidal taunts won't end Iran'

Iranian Foreign Minister Mohammad Javad Zarif said Monday the "genocidal taunts" of US President Donald Trump will not "end Iran", as tensions spike between the two countries. "Iranians have stood tall for millennia while aggressors all gone. Economic ter
Published 21 May, 2019 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (May 20, 2019).

Published 21 May, 2019 12:00am
Tehran says Trump's 'genocidal taunts won't end Iran'

Tehran says Trump's 'genocidal taunts won't end Iran'

Iranian Foreign Minister Mohammad Javad Zarif said Monday the "genocidal taunts" of US President Donald Trump will not "end Iran", as tensions spike between the two countries. "Iranians have stood tall for millennia while aggressors all gone. Economic ter
Published 21 May, 2019 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (May 20, 2019).

Published 21 May, 2019 12:00am
THE RUPEE: $ at Rs151.90
Exchange

THE RUPEE: $ at Rs151.90

Dollar hit new record high at Rs 151.90 in terms of the rupee on the local currency market on Monday, dealers said. Amid intra-day session, the rupee was available at Rs 151.90 due to strong demand for dollar, they said. According to the report, the State
Published 21 May, 2019 12:00am
Google and Android system start to cut ties with Huawei

Google and Android system start to cut ties with Huawei

US internet giant Google, whose Android mobile operating system powers most of the world''s smartphones, said it was beginning to cut ties with China''s Huawei, which Washington considers a national security threat. The move could have dramatic implicatio
Published 21 May, 2019 12:00am
THE RUPEE: $ at Rs151.90
Exchange

THE RUPEE: $ at Rs151.90

Dollar hit new record high at Rs 151.90 in terms of the rupee on the local currency market on Monday, dealers said. Amid intra-day session, the rupee was available at Rs 151.90 due to strong demand for dollar, they said. According to the report, the State
Published 21 May, 2019 12:00am
Google and Android system start to cut ties with Huawei

Google and Android system start to cut ties with Huawei

US internet giant Google, whose Android mobile operating system powers most of the world's smartphones, said it was beginning to cut ties with China's Huawei, which Washington considers a national security threat. The move could have dramatic implications
Published 21 May, 2019 12:00am
Google and Android system start to cut ties with Huawei

Google and Android system start to cut ties with Huawei

US internet giant Google, whose Android mobile operating system powers most of the world's smartphones, said it was beginning to cut ties with China's Huawei, which Washington considers a national security threat. The move could have dramatic implications
Published 21 May, 2019 12:00am
Kashmir group seeks UN probe into torture by India troops

Kashmir group seeks UN probe into torture by India troops

A prominent rights group in Indian-occupied Kashmir is advocating for the United Nations to establish a commission of inquiry to investigate what it calls the endemic use of torture by government forces amid a decades-long anti-India uprising in the regio
Published 21 May, 2019 12:00am
Kashmir group seeks UN probe into torture by India troops

Kashmir group seeks UN probe into torture by India troops

A prominent rights group in Indian-occupied Kashmir is advocating for the United Nations to establish a commission of inquiry to investigate what it calls the endemic use of torture by government forces amid a decades-long anti-India uprising in the regio
Published 21 May, 2019 12:00am
IMF aid programs mostly help but need fine-tuning: report

IMF aid programs mostly help but need fine-tuning: report

Three-quarters of International Monetary Fund aid programs over a six-year period attained their goals fully or partially but there were some failings, including rose-colored growth forecasts, the fund said Monday. Between 2011 and 2017, the IMF oversaw 1
Published 21 May, 2019 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Monday (May 20, 2019).

Published 21 May, 2019 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 21 May, 2019 12:00am