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Print - 2019-05-22
LDA, EPA directed to make tree plantation mandatory in housing schemes

LDA, EPA directed to make tree plantation mandatory in housing schemes

The Lahore High Court on Tuesday directed the Lahore Development Authority (LDA) and Environment Protection Agency (EPA) to make a policy for mandatory tree plantation in housing societies. The court also directed the secretary environment and DG EPA to t
Published 22 May, 2019 12:00am
LDA, EPA directed to make tree plantation mandatory in housing schemes

LDA, EPA directed to make tree plantation mandatory in housing schemes

The Lahore High Court on Tuesday directed the Lahore Development Authority (LDA) and Environment Protection Agency (EPA) to make a policy for mandatory tree plantation in housing societies. The court also directed the secretary environment and DG EPA to t
Published 22 May, 2019 12:00am
Restoration of MKDA ordered

Restoration of MKDA ordered

Punjab Chief Secretary, Yousaf Naseem Khokhar on Tuesday ordered restoration of the Murree-Kahuta Development Authority (MKDA) and issued directions to concerned departments in this regard. While addressing a meeting here, the Chief Secretary said that th
Published 22 May, 2019 12:00am
Restoration of MKDA ordered

Restoration of MKDA ordered

Punjab Chief Secretary, Yousaf Naseem Khokhar on Tuesday ordered restoration of the Murree-Kahuta Development Authority (MKDA) and issued directions to concerned departments in this regard. While addressing a meeting here, the Chief Secretary said that th
Published 22 May, 2019 12:00am
277,000 registered in Nadra's database in just one week

277,000 registered in Nadra's database in just one week

National Database and Registration Authority (NADRA) is the custodian of the world's largest singular citizen database, with citizen data of approximately 119.26 million Pakistanis (67.04 million males and 55.20 million females). In the week of May 6 to M
Published 22 May, 2019 12:00am
277,000 registered in Nadra's database in just one week

277,000 registered in Nadra's database in just one week

National Database and Registration Authority (NADRA) is the custodian of the world's largest singular citizen database, with citizen data of approximately 119.26 million Pakistanis (67.04 million males and 55.20 million females). In the week of May 6 to M
Published 22 May, 2019 12:00am
Policy rate hike
Exchange

Policy rate hike

The Monetary Policy Committee (MPC) of State Bank of Pakistan has decided to raise once again the policy rate by a hefty margin of 150 basis points (bps) to 12.25 percent w.e.f. 21st May, 2019 and this sharp increase has been justified on very valid groun
Updated 22 May, 2019 08:17am
NAB chief's defence

NAB chief's defence

Irked by criticism from different quarters, Chairman of the National Accountability Bureau (NAB) former Justice Javed Iqbal held a press conference on Sunday to defend his organisation against its detractors' claims that NAB and the economy cannot go toge
Updated 22 May, 2019 08:16am
Going back to the basics
Exchange

Going back to the basics

During the postwar era governments actively shaped economic outcomes with the help of state capital in response to the needs of their citizens. During the late 20th century, however, this postwar order began to decay and today private capital through mark
Published 22 May, 2019 12:00am
Going back to the basics
Exchange

Going back to the basics

During the postwar era governments actively shaped economic outcomes with the help of state capital in response to the needs of their citizens. During the late 20th century, however, this postwar order began to decay and today private capital through mark
Published 22 May, 2019 12:00am
Ladder and the snake
Exchange

Ladder and the snake

The story of our why Pakistan has not been able to maintain or increase its market share in the rapidly growing textile market has been very much like the game of Ludo. Each time industry has been poised to take off we land on the proverbial snake and hav
Published 22 May, 2019 12:00am
Ladder and the snake
Exchange

Ladder and the snake

The story of our why Pakistan has not been able to maintain or increase its market share in the rapidly growing textile market has been very much like the game of Ludo. Each time industry has been poised to take off we land on the proverbial snake and hav
Published 22 May, 2019 12:00am
Remembering Nawabzada Nasrullah Khan

Remembering Nawabzada Nasrullah Khan

Political and economic commentator Rashed Rahman seems to have presented a highly realistic picture of whatever is obtaining on the political and economic issues facing the country in a highly meaningful manner. In his latest contribution to the newspaper
Published 22 May, 2019 12:00am
Remembering Nawabzada Nasrullah Khan

Remembering Nawabzada Nasrullah Khan

Political and economic commentator Rashed Rahman seems to have presented a highly realistic picture of whatever is obtaining on the political and economic issues facing the country in a highly meaningful manner. In his latest contribution to the newspaper
Published 22 May, 2019 12:00am
Russian bombers, fighters intercepted off Alaska

Russian bombers, fighters intercepted off Alaska

US fighters intercepted six Russian military aircraft in international airspace west of Alaska, and shadowed them until they exited the area, the North American Air Defense Command said Tuesday. The Russian aircraft included two Tu-95 strategic bombers, w
Published 22 May, 2019 12:00am
Russian bombers, fighters intercepted off Alaska

Russian bombers, fighters intercepted off Alaska

US fighters intercepted six Russian military aircraft in international airspace west of Alaska, and shadowed them until they exited the area, the North American Air Defense Command said Tuesday. The Russian aircraft included two Tu-95 strategic bombers, w
Published 22 May, 2019 12:00am
CNN Turk criticised for cutting opposition mayor interview

CNN Turk criticised for cutting opposition mayor interview

CNN's Turkish channel was criticised Tuesday after it cut short an interview with the opposition candidate for Istanbul mayor as he began to talk about the municipality's "extravagant" spending. Social media users lashed out at CNN Turk after it stopped M
Published 22 May, 2019 12:00am
CNN Turk criticised for cutting opposition mayor interview

CNN Turk criticised for cutting opposition mayor interview

CNN's Turkish channel was criticised Tuesday after it cut short an interview with the opposition candidate for Istanbul mayor as he began to talk about the municipality's "extravagant" spending. Social media users lashed out at CNN Turk after it stopped M
Published 22 May, 2019 12:00am
Sri Lanka DNA tests confirm Easter attacks ringleader was hotel bomber

Sri Lanka DNA tests confirm Easter attacks ringleader was hotel bomber

Sri Lanka's police Tuesday said DNA tests confirmed that the ringleader of the Easter attacks, Zahran Hashim, was one of the suicide bombers who blew himself up at the Shangri-La hotel. Police spokesman Ruwan Gunasekera said the government's main forensic
Published 22 May, 2019 12:00am
Sri Lanka DNA tests confirm Easter attacks ringleader was hotel bomber

Sri Lanka DNA tests confirm Easter attacks ringleader was hotel bomber

Sri Lanka's police Tuesday said DNA tests confirmed that the ringleader of the Easter attacks, Zahran Hashim, was one of the suicide bombers who blew himself up at the Shangri-La hotel. Police spokesman Ruwan Gunasekera said the government's main forensic
Published 22 May, 2019 12:00am
Local MP, at least 10 others, killed in NE India

Local MP, at least 10 others, killed in NE India

A state legislator in the northeast Indian state of Arunachal Pradesh and at least 10 others were killed Tuesday in an attack by suspected separatist militants, officials said. The attack follows the end of India's typically violent general elections on S
Published 22 May, 2019 12:00am
Local MP, at least 10 others, killed in NE India

Local MP, at least 10 others, killed in NE India

A state legislator in the northeast Indian state of Arunachal Pradesh and at least 10 others were killed Tuesday in an attack by suspected separatist militants, officials said. The attack follows the end of India's typically violent general elections on S
Published 22 May, 2019 12:00am
Modi shows confidence as opposition dismisses ominous exit polls

Modi shows confidence as opposition dismisses ominous exit polls

Political allies swathed Indian Prime Minister Narendra Modi in a victory garland on Tuesday, seeking to project confidence he would win a second straight term in a general election, but the opposition Congress party dismissed predictions it would lose.
Published 22 May, 2019 12:00am
Two killed in latest Alaska floatplane crash

Two killed in latest Alaska floatplane crash

Two people were killed in a floatplane crash in Alaska Monday, officials said, the second fatal incident involving the same local airline in a week. "A pilot and a single passenger are deceased after a Taquan Air Beaver Floatplane crashed in Metlatkatla H
Published 22 May, 2019 12:00am
Modi shows confidence as opposition dismisses ominous exit polls

Modi shows confidence as opposition dismisses ominous exit polls

Political allies swathed Indian Prime Minister Narendra Modi in a victory garland on Tuesday, seeking to project confidence he would win a second straight term in a general election, but the opposition Congress party dismissed predictions it would lose.
Published 22 May, 2019 12:00am
Two killed in latest Alaska floatplane crash

Two killed in latest Alaska floatplane crash

Two people were killed in a floatplane crash in Alaska Monday, officials said, the second fatal incident involving the same local airline in a week. "A pilot and a single passenger are deceased after a Taquan Air Beaver Floatplane crashed in Metlatkatla H
Published 22 May, 2019 12:00am
Modi shows confidence as opposition dismisses ominous exit polls

Modi shows confidence as opposition dismisses ominous exit polls

Political allies swathed Indian Prime Minister Narendra Modi in a victory garland on Tuesday, seeking to project confidence he would win a second straight term in a general election, but the opposition Congress party dismissed predictions it would lose.
Published 22 May, 2019 12:00am
Joko Widodo re-elected as rival cries foul

Joko Widodo re-elected as rival cries foul

Heavily armed Indonesian troops were on high alert Tuesday amid fears of civil unrest in the capital Jakarta, as the surprise early announcement of official election results handed Joko Widodo another term as leader of the world's third-biggest democracy.
Published 22 May, 2019 12:00am
Modi shows confidence as opposition dismisses ominous exit polls

Modi shows confidence as opposition dismisses ominous exit polls

Political allies swathed Indian Prime Minister Narendra Modi in a victory garland on Tuesday, seeking to project confidence he would win a second straight term in a general election, but the opposition Congress party dismissed predictions it would lose.
Published 22 May, 2019 12:00am
Joko Widodo re-elected as rival cries foul

Joko Widodo re-elected as rival cries foul

Heavily armed Indonesian troops were on high alert Tuesday amid fears of civil unrest in the capital Jakarta, as the surprise early announcement of official election results handed Joko Widodo another term as leader of the world's third-biggest democracy.
Published 22 May, 2019 12:00am
PML-N holds NAB responsible for economic woes

PML-N holds NAB responsible for economic woes

Senior leader of Pakistan Muslim League-Nawaz (PML-N) Shahid Khaqan Abbasi Tuesday alleged that Chairman National Accountability Bureau (NAB) Justice Javed Iqbal (retd) has become controversial and anti-graft watchdog has a major role behind the deteriora
Published 22 May, 2019 12:00am
UN envoy warns of 'long and bloody war' in Libya

UN envoy warns of 'long and bloody war' in Libya

The UN envoy for Libya warned Tuesday the battle for Tripoli was "just the start of a long and bloody war" and called for immediate steps to cut off arms flows fueling the fighting. Addressing the Security Council, Ghassan Salame said "many countries" wer
Published 22 May, 2019 12:00am
PML-N holds NAB responsible for economic woes

PML-N holds NAB responsible for economic woes

Senior leader of Pakistan Muslim League-Nawaz (PML-N) Shahid Khaqan Abbasi Tuesday alleged that Chairman National Accountability Bureau (NAB) Justice Javed Iqbal (retd) has become controversial and anti-graft watchdog has a major role behind the deteriora
Published 22 May, 2019 12:00am
UN envoy warns of 'long and bloody war' in Libya

UN envoy warns of 'long and bloody war' in Libya

The UN envoy for Libya warned Tuesday the battle for Tripoli was "just the start of a long and bloody war" and called for immediate steps to cut off arms flows fueling the fighting. Addressing the Security Council, Ghassan Salame said "many countries" wer
Published 22 May, 2019 12:00am
PML-N holds NAB responsible for economic woes

PML-N holds NAB responsible for economic woes

Senior leader of Pakistan Muslim League-Nawaz (PML-N) Shahid Khaqan Abbasi Tuesday alleged that Chairman National Accountability Bureau (NAB) Justice Javed Iqbal (retd) has become controversial and anti-graft watchdog has a major role behind the deteriora
Published 22 May, 2019 12:00am
Bangladesh government blocks news website in fresh blow to media

Bangladesh government blocks news website in fresh blow to media

Bangladesh authorities have blocked access to a popular news portal in what critics on Tuesday condemned as the latest blow to freedom of expression in the South Asian nation. Poriborton.com, one of the country's top five online news outlets, was cut off
Published 22 May, 2019 12:00am
PML-N holds NAB responsible for economic woes

PML-N holds NAB responsible for economic woes

Senior leader of Pakistan Muslim League-Nawaz (PML-N) Shahid Khaqan Abbasi Tuesday alleged that Chairman National Accountability Bureau (NAB) Justice Javed Iqbal (retd) has become controversial and anti-graft watchdog has a major role behind the deteriora
Published 22 May, 2019 12:00am
Bangladesh government blocks news website in fresh blow to media

Bangladesh government blocks news website in fresh blow to media

Bangladesh authorities have blocked access to a popular news portal in what critics on Tuesday condemned as the latest blow to freedom of expression in the South Asian nation. Poriborton.com, one of the country's top five online news outlets, was cut off
Published 22 May, 2019 12:00am
US McDonald's hit with sexual harassment complaints

US McDonald's hit with sexual harassment complaints

McDonald's workers filed dozens of new sexual harassment charges against the fast food giant, advocates said Tuesday, escalating a years-long battle for unionization in the US and stronger worker protections. The complaints, filed with the US agency that
Published 22 May, 2019 12:00am
US McDonald's hit with sexual harassment complaints

US McDonald's hit with sexual harassment complaints

McDonald's workers filed dozens of new sexual harassment charges against the fast food giant, advocates said Tuesday, escalating a years-long battle for unionization in the US and stronger worker protections. The complaints, filed with the US agency that
Published 22 May, 2019 12:00am
Macron jumps into EU campaign warning of 'existential risk'

Macron jumps into EU campaign warning of 'existential risk'

French President Emmanuel Macron has warned of an "existential risk" to the EU just days ahead of elections for the European Parliament, while playing down the political risks of being personally involved in the high-stakes campaign. "I cannot be a specta
Published 22 May, 2019 12:00am
Macron jumps into EU campaign warning of 'existential risk'

Macron jumps into EU campaign warning of 'existential risk'

French President Emmanuel Macron has warned of an "existential risk" to the EU just days ahead of elections for the European Parliament, while playing down the political risks of being personally involved in the high-stakes campaign. "I cannot be a specta
Published 22 May, 2019 12:00am
Fake accounts case: Zardari granted interim bail till June 13

Fake accounts case: Zardari granted interim bail till June 13

The Islamabad High Court (IHC) Tuesday granted interim bail to former president and PPP co-chairman Asif Ali Zardari till June 13 in fake bank accounts case. A divisional bench of IHC comprising Justice Aamer Farooq and Justice Mohsin Akhtar Kayani heard
Published 22 May, 2019 12:00am
CBOT corn scales to near one year high

CBOT corn scales to near one year high

Chicago Board of Trade (CBOT) corn futures scaled to their highest point in nearly a year on Monday as worries about rain-delayed US Midwest planting lifted prices for a sixth straight session, traders said. Short-covering and technical buying accelerated
Published 22 May, 2019 12:00am
Fake accounts case: Zardari granted interim bail till June 13

Fake accounts case: Zardari granted interim bail till June 13

The Islamabad High Court (IHC) Tuesday granted interim bail to former president and PPP co-chairman Asif Ali Zardari till June 13 in fake bank accounts case. A divisional bench of IHC comprising Justice Aamer Farooq and Justice Mohsin Akhtar Kayani heard
Published 22 May, 2019 12:00am
CBOT corn scales to near one year high

CBOT corn scales to near one year high

Chicago Board of Trade (CBOT) corn futures scaled to their highest point in nearly a year on Monday as worries about rain-delayed US Midwest planting lifted prices for a sixth straight session, traders said. Short-covering and technical buying accelerated
Published 22 May, 2019 12:00am
Fake accounts case: Zardari granted interim bail till June 13

Fake accounts case: Zardari granted interim bail till June 13

The Islamabad High Court (IHC) Tuesday granted interim bail to former president and PPP co-chairman Asif Ali Zardari till June 13 in fake bank accounts case. A divisional bench of IHC comprising Justice Aamer Farooq and Justice Mohsin Akhtar Kayani heard
Published 22 May, 2019 12:00am
Taiwan buys 65,000 tonnes of corn

Taiwan buys 65,000 tonnes of corn

Taiwan's feed industry procurement association MFIG purchased about 65,000 tonnes of corn to be sourced optionally from the United States or Brazil in an international tender which closed on Thursday, European traders said. The corn was all bought at a pr
Published 22 May, 2019 12:00am
Fake accounts case: Zardari granted interim bail till June 13

Fake accounts case: Zardari granted interim bail till June 13

The Islamabad High Court (IHC) Tuesday granted interim bail to former president and PPP co-chairman Asif Ali Zardari till June 13 in fake bank accounts case. A divisional bench of IHC comprising Justice Aamer Farooq and Justice Mohsin Akhtar Kayani heard
Published 22 May, 2019 12:00am
Taiwan buys 65,000 tonnes of corn

Taiwan buys 65,000 tonnes of corn

Taiwan's feed industry procurement association MFIG purchased about 65,000 tonnes of corn to be sourced optionally from the United States or Brazil in an international tender which closed on Thursday, European traders said. The corn was all bought at a pr
Published 22 May, 2019 12:00am
US-China tensions rise: OECD cuts global growth forecast

US-China tensions rise: OECD cuts global growth forecast

The OECD on Tuesday cut its forecast for the world economy, urging governments to resolve their trade disputes as the latest flare-up in the US-China trade war threatens to crimp global growth. "Governments must act urgently to reinvigorate growth that be
Published 22 May, 2019 12:00am
Cotton prices firm on moderate trade
Cotton

Cotton prices firm on moderate trade

Prices maintained firm trend on the cotton market on Tuesday in the process of moderate trading, dealers said. The official spot rate was unchanged at Rs 8600, they added. In the ready session, about 5000 bales of cotton changed hands between Rs 8600-8850
Published 22 May, 2019 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (May 21, 2019).

Published 22 May, 2019 12:00am
US-China tensions rise: OECD cuts global growth forecast

US-China tensions rise: OECD cuts global growth forecast

The OECD on Tuesday cut its forecast for the world economy, urging governments to resolve their trade disputes as the latest flare-up in the US-China trade war threatens to crimp global growth. "Governments must act urgently to reinvigorate growth that be
Published 22 May, 2019 12:00am
Cotton prices firm on moderate trade
Cotton

Cotton prices firm on moderate trade

Prices maintained firm trend on the cotton market on Tuesday in the process of moderate trading, dealers said. The official spot rate was unchanged at Rs 8600, they added. In the ready session, about 5000 bales of cotton changed hands between Rs 8600-8850
Published 22 May, 2019 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (May 21, 2019).

Published 22 May, 2019 12:00am
US-China tensions rise: OECD cuts global growth forecast

US-China tensions rise: OECD cuts global growth forecast

The OECD on Tuesday cut its forecast for the world economy, urging governments to resolve their trade disputes as the latest flare-up in the US-China trade war threatens to crimp global growth. "Governments must act urgently to reinvigorate growth that be
Published 22 May, 2019 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 114,810 tonnes of cargo comprising 64,549 tonnes of import cargo and 50,261 tonnes of export cargo including 4,740 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargos of 64
Published 22 May, 2019 12:00am
US-China tensions rise: OECD cuts global growth forecast

US-China tensions rise: OECD cuts global growth forecast

The OECD on Tuesday cut its forecast for the world economy, urging governments to resolve their trade disputes as the latest flare-up in the US-China trade war threatens to crimp global growth. "Governments must act urgently to reinvigorate growth that be
Published 22 May, 2019 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 114,810 tonnes of cargo comprising 64,549 tonnes of import cargo and 50,261 tonnes of export cargo including 4,740 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargos of 64
Published 22 May, 2019 12:00am
US-China tensions rise: OECD cuts global growth forecast

US-China tensions rise: OECD cuts global growth forecast

The OECD on Tuesday cut its forecast for the world economy, urging governments to resolve their trade disputes as the latest flare-up in the US-China trade war threatens to crimp global growth. "Governments must act urgently to reinvigorate growth that be
Published 22 May, 2019 12:00am
Russian export prices for new wheat crop up

Russian export prices for new wheat crop up

Russian export prices for the new wheat crop, which is going to start arriving on the market in summer, rose last week following an increase in global benchmark Chicago prices, analysts said on Monday. Black Sea prices for the new crop of Russian wheat wi
Published 22 May, 2019 12:00am
US-China tensions rise: OECD cuts global growth forecast

US-China tensions rise: OECD cuts global growth forecast

The OECD on Tuesday cut its forecast for the world economy, urging governments to resolve their trade disputes as the latest flare-up in the US-China trade war threatens to crimp global growth. "Governments must act urgently to reinvigorate growth that be
Published 22 May, 2019 12:00am
Russian export prices for new wheat crop up

Russian export prices for new wheat crop up

Russian export prices for the new wheat crop, which is going to start arriving on the market in summer, rose last week following an increase in global benchmark Chicago prices, analysts said on Monday. Black Sea prices for the new crop of Russian wheat wi
Published 22 May, 2019 12:00am
Prioritising load-shedding: PD fails to submit proposal despite SC order

Prioritising load-shedding: PD fails to submit proposal despite SC order

Despite the apex court order, the Ministry of Water and Power has not submitted the proposal to prioritise load-shedding among different categories of consumers and issued notice to all parties. The Supreme Court on 27th Feb 2019 had ordered the ministry
Published 22 May, 2019 12:00am
US wheat futures rally on short-covering

US wheat futures rally on short-covering

US wheat futures rallied more than 3% on Monday on short-covering and as overly wet weather in the central United States fueled worries about winter wheat crop damage and late springg crop planting, traders said Chicago Board of Trade July soft red winter
Published 22 May, 2019 12:00am
Prioritising load-shedding: PD fails to submit proposal despite SC order

Prioritising load-shedding: PD fails to submit proposal despite SC order

Despite the apex court order, the Ministry of Water and Power has not submitted the proposal to prioritise load-shedding among different categories of consumers and issued notice to all parties. The Supreme Court on 27th Feb 2019 had ordered the ministry
Published 22 May, 2019 12:00am
US wheat futures rally on short-covering

US wheat futures rally on short-covering

US wheat futures rallied more than 3% on Monday on short-covering and as overly wet weather in the central United States fueled worries about winter wheat crop damage and late springg crop planting, traders said Chicago Board of Trade July soft red winter
Published 22 May, 2019 12:00am