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Print - 2019-05-26
Farooq advocates formation of provinces on administrative basis

Farooq advocates formation of provinces on administrative basis

Muttahida Qaumi Movement-Pakistan (MQM-P) leader Farooq Sattar on Saturday said that the provinces should be formed on administrative basis not ethnic. Talking to media persons, Sattar asked why can't the government form South Sindh province if it can app
Published 26 May, 2019 12:00am
Abidi's murder case: ATC reissues NBWs of arrest against four absconders

Abidi's murder case: ATC reissues NBWs of arrest against four absconders

An anti-terrorism court on Saturday reissued non-bailable warrants for arrest of the four absconding suspects allegedly involved in the murder of former Muttahida Qaumi Movement (MQM) leader Ali Raza Abidi. The counter-terrorism department booked and deta
Published 26 May, 2019 12:00am
Death toll in Quetta mosque incident rises to four

Death toll in Quetta mosque incident rises to four

The death toll from Friday's blast inside Rahmania Masjid rose to four, as another injured person succumbed to his wounds in the hospital on Saturday. Police said the explosive device had been planted inside the mosque and went off as worshippers had gath
Published 26 May, 2019 12:00am
Customs value of cosmetics revised

Customs value of cosmetics revised

Directorate General Customs Valuation (DGCV) has revised the customs values of cosmetics under section 25 (7) of the Custom Act, 1969. The customs values of cosmetics of high-end brands were determined through valuation rulings 535 and 536 in 2013.
Published 26 May, 2019 12:00am
Harvard Medical School's fellowship for Hazara girl

Harvard Medical School's fellowship for Hazara girl

A girl from the minority Hazara community in Quetta, Sana Batool, was recently awarded a fellowship in Medicine at Harvard Medical School under the Paul and Daisy Soros fellowship for New Americans. Sana Batool is the first Hazara girl from Quetta to atte
Published 26 May, 2019 12:00am
PSAA for doing away with third party intervention in exports, import

PSAA for doing away with third party intervention in exports, import

To increase revenue earning in a spirit of reducing cost of doing business and have positive impact on the ease of doing business, Pakistan exports need to maximize selling on C&F basis and imports to maximize buying on FOB basis, Chairman Pakistan Ships'
Published 26 May, 2019 12:00am
Cambridge University union invites CJP

Cambridge University union invites CJP

The Cambridge University Union, UK, has invited Chief Justice Asif Saeed Khan Khosa to deliver a speech on the 9th of June. Justice Khosa had done his Tripos and LLM from the University of Cambridge, UK, before being called to the Bar at the Lincoln's Inn
Published 26 May, 2019 12:00am
AKAH raises awareness on National School Safety Day

AKAH raises awareness on National School Safety Day

To protect schoolchildren from natural disasters and other insecurities, the Aga Khan Agency for Habitat (AKAH) convened government education departments, academia, district disaster management authorities and the media in Gilgit-Baltistan, Chitral, Khybe
Published 26 May, 2019 12:00am
KP businessmen invited to attend Jakarta trade exhibition

KP businessmen invited to attend Jakarta trade exhibition

Ambassador of Indonesia in Pakistan, Iwan Suyudhie Amri has invited the Khyber Pakhtunhwa businessmen to participate in 'Trade exhibition', which is scheduled to be held in Jakarta in the month of October 2019.
Published 26 May, 2019 12:00am
Sale of toy gun banned in Peshawar

Sale of toy gun banned in Peshawar

Peshawar district administration has imposed ban on sale and purchase of toy guns in the district under Section 144. According to a statement issued from the office of deputy commissioner, the business of toy guns was on the rise in Peshawar, which has ne
Published 26 May, 2019 12:00am
Around 6.4 million local, foreign tourists may visit KP this season

Around 6.4 million local, foreign tourists may visit KP this season

As many as 6.4 million local and foreign tourists are likely to visit different scenic places across Khyber Pakhtukhwa during upcoming summer season. This was stated by KP Senior Minister Mohammad Atif Khan while presiding over a meeting. The meeting revi
Published 26 May, 2019 12:00am
Eid shopping spree gaining momentum in Peshawar
Cotton

Eid shopping spree gaining momentum in Peshawar

As Eid-ul-Fitr is just around the-corner, shopping has gained momentum in provincial capital Peshawar amid huge supply of consumer goods and buying spree among the people. With only week left for the holy Eid-ul-Fitr, one of the bigger religious festivals
Published 26 May, 2019 12:00am
KP PDWP approves 29 projects worth Rs 12.244 billion

KP PDWP approves 29 projects worth Rs 12.244 billion

The Provincial Development Working Party (PDWP) of Khyber Pakhtunkhwa has approved 29 projects of Rs12.244 billion. Some projects were deferred/not discussed due to inadequate design and other deficiencies, and were returned to their respective department
Published 26 May, 2019 12:00am
Modi's victory

Modi's victory

How ironic it is that although Muslims in India constitute nearly 11 percent of total population, their representation in parliament or Lok Sabha is less than five percent. Narendra Modi's victory in the 2019 election could be seen as a referendum on Modi
Published 26 May, 2019 12:00am
Trump move to declassify Russia intel draws sharp criticism
Exchange

Trump move to declassify Russia intel draws sharp criticism

President Donald Trump is defending his unprecedented decision to give his Justice Department chief unfettered access to the country's deepest foreign intelligence secrets amid an outcry from the spy community and a veiled warning from the US intelligence
Published 26 May, 2019 12:00am
Why default when you can pay

Why default when you can pay

A public utility company has a major challenge of ensuring that its customers pay their bills on time. Most public utilities in Pakistan are equipped with a recovery department whose main function is the recovery of outstanding dues from the defaulting do
Published 26 May, 2019 12:00am
Stability in sight
Currency

Stability in sight

When the going gets tough, the tough gets going. That will be the situation of Pakistan economy in the months and quarters to come. Major chunk of currency and interest rate adjustments has been taken upfront under the IMF. Other steps on energy and taxes
Published 26 May, 2019 12:00am
Farishta murder demands justice

Farishta murder demands justice

The rape and murder of 10-year-old girl Farishta in Islamabad, an appalling crime, has raised a public outcry for the callousness with which the concerned police officers responded to her distraught family's requests for help. According to reports, Frisht
Updated 28 May, 2019 06:13am
Modi says will strive for sabka vishwas

Modi says will strive for sabka vishwas

Prime Minister Narendra Modi was expected to win this general election and he has won - and with quite a few potential firsts that would not only help India shed disguise of secularism but also sharpen its appetite for regional predominance. Last time, he
Updated 28 May, 2019 06:11am
Mining licence: PMDC moves SC against SHC verdict

Mining licence: PMDC moves SC against SHC verdict

Pakistan Mineral Development Corporation (PMDC) has approached the Supreme Court against the Sindh High Court verdict on grant of mining lease to M/S Sindh Lakhra Coal Mining Company (Pvt). The PMDC on Saturday filed an appeal under Article 185(3) of Cons
Published 26 May, 2019 12:00am
Mining licence: PMDC moves SC against SHC verdict

Mining licence: PMDC moves SC against SHC verdict

Pakistan Mineral Development Corporation (PMDC) has approached the Supreme Court against the Sindh High Court verdict on grant of mining lease to M/S Sindh Lakhra Coal Mining Company (Pvt). The PMDC on Saturday filed an appeal under Article 185(3) of Cons
Published 26 May, 2019 12:00am
Mining licence: PMDC moves SC against SHC verdict

Mining licence: PMDC moves SC against SHC verdict

Pakistan Mineral Development Corporation (PMDC) has approached the Supreme Court against the Sindh High Court verdict on grant of mining lease to M/S Sindh Lakhra Coal Mining Company (Pvt). The PMDC on Saturday filed an appeal under Article 185(3) of Cons
Published 26 May, 2019 12:00am
KWSSIP investment plan to be implemented in four phases

KWSSIP investment plan to be implemented in four phases

Karachi Water & Sewerage Services Improvement Project (KWSSIP) investment plan will be implemented in four phases in 12 years involving $ 1.6 billion local and foreign funding. According to official documents available with Business Recorder, the KWSSIP i
Published 26 May, 2019 12:00am
KWSSIP investment plan to be implemented in four phases

KWSSIP investment plan to be implemented in four phases

Karachi Water & Sewerage Services Improvement Project (KWSSIP) investment plan will be implemented in four phases in 12 years involving $ 1.6 billion local and foreign funding. According to official documents available with Business Recorder, the KWSSIP i
Published 26 May, 2019 12:00am
KWSSIP investment plan to be implemented in four phases

KWSSIP investment plan to be implemented in four phases

Karachi Water & Sewerage Services Improvement Project (KWSSIP) investment plan will be implemented in four phases in 12 years involving $ 1.6 billion local and foreign funding. According to official documents available with Business Recorder, the KWSSIP i
Published 26 May, 2019 12:00am
Opposition questions Hafeez's participation in 'sensitive' meetings

Opposition questions Hafeez's participation in 'sensitive' meetings

Opposition parties think that the participation of Adviser to the Prime Minister on Finance Hafeez Shaikh in sensitive meetings, particularly National Security Committee (NSC) without taking an oath is a security breach. Talking to Business Recorder, Paki
Published 26 May, 2019 12:00am
Opposition questions Hafeez's participation in 'sensitive' meetings

Opposition questions Hafeez's participation in 'sensitive' meetings

Opposition parties think that the participation of Adviser to the Prime Minister on Finance Hafeez Shaikh in sensitive meetings, particularly National Security Committee (NSC) without taking an oath is a security breach. Talking to Business Recorder, Paki
Published 26 May, 2019 12:00am
Russia, eyeing Arctic future, launches nuclear icebreaker

Russia, eyeing Arctic future, launches nuclear icebreaker

Russia launched a nuclear-powered icebreaker on Saturday, part of an ambitious programme to renew and expand its fleet of the vessels in order to improve its ability to tap the Arctic's commercial potential. mThe ship, dubbed the Ural and which was floate
Published 26 May, 2019 12:00am
Russia, eyeing Arctic future, launches nuclear icebreaker

Russia, eyeing Arctic future, launches nuclear icebreaker

Russia launched a nuclear-powered icebreaker on Saturday, part of an ambitious programme to renew and expand its fleet of the vessels in order to improve its ability to tap the Arctic's commercial potential. mThe ship, dubbed the Ural and which was floate
Published 26 May, 2019 12:00am
NAB summons Zardari in power projects, contracts inquiries

NAB summons Zardari in power projects, contracts inquiries

Pakistan Peoples Party (PPP) co-chairman and former president Asif Ali Zardari has been issued another notice on Saturday to appear at NAB old headquarters in Rawalpindi on May 29 for investigation into his alleged role in overvaluation of power projects
Published 26 May, 2019 12:00am
NAB summons Zardari in power projects, contracts inquiries

NAB summons Zardari in power projects, contracts inquiries

Pakistan Peoples Party (PPP) co-chairman and former president Asif Ali Zardari has been issued another notice on Saturday to appear at NAB old headquarters in Rawalpindi on May 29 for investigation into his alleged role in overvaluation of power projects
Published 26 May, 2019 12:00am
Deposit of tax against foreign assets: SBP notifies procedure
Exchange

Deposit of tax against foreign assets: SBP notifies procedure

The State Bank of Pakistan on Saturday notified the procedure for deposit of tax against foreign assets under Assets Declaration Ordinance 2019. "In exercise of powers conferred under section 9 of the Assets Declaration Ordinance 2019, State Bank of Pakis
Published 26 May, 2019 12:00am
Deposit of tax against foreign assets: SBP notifies procedure
Exchange

Deposit of tax against foreign assets: SBP notifies procedure

The State Bank of Pakistan on Saturday notified the procedure for deposit of tax against foreign assets under Assets Declaration Ordinance 2019. "In exercise of powers conferred under section 9 of the Assets Declaration Ordinance 2019, State Bank of Pakis
Published 26 May, 2019 12:00am
Deposit of tax against foreign assets: SBP notifies procedure
Exchange

Deposit of tax against foreign assets: SBP notifies procedure

The State Bank of Pakistan on Saturday notified the procedure for deposit of tax against foreign assets under Assets Declaration Ordinance 2019. "In exercise of powers conferred under section 9 of the Assets Declaration Ordinance 2019, State Bank of Pakis
Published 26 May, 2019 12:00am
IMF deal cannot be made public for now: Hafeez
Exchange

IMF deal cannot be made public for now: Hafeez

Advisor to Prime Minister on Finance Dr Abdul Hafeez Shaikh stated that the agreement with the International Monetary Fund (IMF) cannot be made public till the approval from its board which is expected within a couple of weeks.
Published 26 May, 2019 12:00am
IMF deal cannot be made public for now: Hafeez
Exchange

IMF deal cannot be made public for now: Hafeez

Advisor to Prime Minister on Finance Dr Abdul Hafeez Shaikh stated that the agreement with the International Monetary Fund (IMF) cannot be made public till the approval from its board which is expected within a couple of weeks.
Published 26 May, 2019 12:00am
IMF deal cannot be made public for now: Hafeez
Exchange

IMF deal cannot be made public for now: Hafeez

Advisor to Prime Minister on Finance Dr Abdul Hafeez Shaikh stated that the agreement with the International Monetary Fund (IMF) cannot be made public till the approval from its board which is expected within a couple of weeks.
Published 26 May, 2019 12:00am
SRB notification: SC sets aside SHC ruling

SRB notification: SC sets aside SHC ruling

The Supreme Court has set aside the Sindh High Court judgement that had curtailed the scope of the Sindh Revenue Board to issue notification dated 17th April, 2014. The judgement authored by Justice Qazi Faez Isa said that it was also not appropriate for
Published 26 May, 2019 12:00am
SRB notification: SC sets aside SHC ruling

SRB notification: SC sets aside SHC ruling

The Supreme Court has set aside the Sindh High Court judgement that had curtailed the scope of the Sindh Revenue Board to issue notification dated 17th April, 2014. The judgement authored by Justice Qazi Faez Isa said that it was also not appropriate for
Published 26 May, 2019 12:00am
Crippling strike observed in held Kashmir

Crippling strike observed in held Kashmir

A complete shutdown was observed on Saturday in Held Kashmir against the killing of prominent Mujahid commander, Zakir Musa, and a civilian, Zahoor Ahmad. Most of the shops, fuel stations and other business establishments remained closed while transport w
Published 26 May, 2019 12:00am
Crippling strike observed in held Kashmir

Crippling strike observed in held Kashmir

A complete shutdown was observed on Saturday in Held Kashmir against the killing of prominent Mujahid commander, Zakir Musa, and a civilian, Zahoor Ahmad. Most of the shops, fuel stations and other business establishments remained closed while transport w
Published 26 May, 2019 12:00am
Auto policy to be amended to include EVs

Auto policy to be amended to include EVs

The government is likely to amend Auto Development Policy 2016-21 to include Electric Vehicles (EVs) after the Prime Minister Imran Khan directed the authorities concerned to ensure conversion of 30 percent of all cars running in the country into electric
Published 26 May, 2019 12:00am
Auto policy to be amended to include EVs

Auto policy to be amended to include EVs

The government is likely to amend Auto Development Policy 2016-21 to include Electric Vehicles (EVs) after the Prime Minister Imran Khan directed the authorities concerned to ensure conversion of 30 percent of all cars running in the country into electric
Published 26 May, 2019 12:00am
Auto policy to be amended to include EVs

Auto policy to be amended to include EVs

The government is likely to amend Auto Development Policy 2016-21 to include Electric Vehicles (EVs) after the Prime Minister Imran Khan directed the authorities concerned to ensure conversion of 30 percent of all cars running in the country into electric
Published 26 May, 2019 12:00am
NAB chairman: PML-N distances itself from MPA's demand

NAB chairman: PML-N distances itself from MPA's demand

Pakistan Muslim League-Nawaz (PML-N) Member of Provincial Assembly (MPA) Malik Ahmad Khan Saturday demanded the resignation of chairman of the National Accountability Bureau (NAB). Addressing a press conference, the PML-N stated that allegations against P
Published 26 May, 2019 12:00am
NAB chairman: PML-N distances itself from MPA's demand

NAB chairman: PML-N distances itself from MPA's demand

Pakistan Muslim League-Nawaz (PML-N) Member of Provincial Assembly (MPA) Malik Ahmad Khan Saturday demanded the resignation of chairman of the National Accountability Bureau (NAB). Addressing a press conference, the PML-N stated that allegations against P
Published 26 May, 2019 12:00am
NAB files reference against 'blackmailers'

NAB files reference against 'blackmailers'

The National Accountability Bureau (NAB) on Saturday filed a 630-page reference against a 'blackmailers' group for 'blackmailing' its chairman former Justice Javed Iqbal and other persons. Meanwhile, an accountability court in Lahore has issued notices to
Published 26 May, 2019 12:00am
NAB files reference against 'blackmailers'

NAB files reference against 'blackmailers'

The National Accountability Bureau (NAB) on Saturday filed a 630-page reference against a 'blackmailers' group for 'blackmailing' its chairman former Justice Javed Iqbal and other persons. Meanwhile, an accountability court in Lahore has issued notices to
Published 26 May, 2019 12:00am
Government 'blackmailing' NAB: Bilawal

Government 'blackmailing' NAB: Bilawal

Chairman of Pakistan People's Party (PPP) Bilawal Bhutto Zardari accused that the incumbent government is blackmailing National Accountability Bureau (NAB) to get control of the institution. Talking to press, Bilawal said PM Imran Khan is doing politics o
Published 26 May, 2019 12:00am
Government 'blackmailing' NAB: Bilawal

Government 'blackmailing' NAB: Bilawal

Chairman of Pakistan People's Party (PPP) Bilawal Bhutto Zardari accused that the incumbent government is blackmailing National Accountability Bureau (NAB) to get control of the institution. Talking to press, Bilawal said PM Imran Khan is doing politics o
Published 26 May, 2019 12:00am
PML-N workers react angrily at London huddle

PML-N workers react angrily at London huddle

Pakistan Muslim League-Nawaz (PML-N) workers react angrily in a meeting with party leader Shahbaz Sharif, Aaj News reported on Saturday. They questioned why the leadership ignored them while party ruled Pakistan and now remembered them while PML-N is an o
Published 26 May, 2019 12:00am
The Weather

The Weather

The weather report on Saturday (May 25, 2019) and the forecast for Sunday (May 26, 2019).

Published 26 May, 2019 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (May 25, 2019).

Published 26 May, 2019 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (May 25, 2019).

Published 26 May, 2019 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (May 25, 2019)

Published 26 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 Saturday (May 25, 2019).

Published 26 May, 2019 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (May 25, 2019).

Published 26 May, 2019 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (May 25, 2019).

Published 26 May, 2019 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (May 25, 2019).

Published 26 May, 2019 12:00am
THE RUPEE: more recovery
Currency

THE RUPEE: more recovery

The rupee recovered more ground against the dollar on the money market on Saturday in the process of trading, dealers said. The rupee gained Re.one versus the dollar for buying at Rs 150.00, it also picked up 50 paisas for selling at Rs 151.00, they said.
Published 26 May, 2019 12:00am
THE RUPEE: more recovery
Currency

THE RUPEE: more recovery

The rupee recovered more ground against the dollar on the money market on Saturday in the process of trading, dealers said. The rupee gained Re.one versus the dollar for buying at Rs 150.00, it also picked up 50 paisas for selling at Rs 151.00, they said.
Published 26 May, 2019 12:00am
French tennis surrounded by gloom ahead of Roland Garros

French tennis surrounded by gloom ahead of Roland Garros

A combination of injuries, a lack of confidence and poor results mean there is a little chance of a French player shining at Roland Garros this year let alone claiming a title that has eluded the country's men since 1983 and the women since 2000. When Luc
Published 26 May, 2019 12:00am
Paire wins Lyon ATP title

Paire wins Lyon ATP title

With the French Open starting Sunday, Benoit Paire offered some home encouragement as he brushed aside Canada's Felix Auger-Aliassime 6-4, 6-3 in the final of the Lyon clay-court event. The 30-year-old also won at Marrakech in April and will climb to 38th
Published 26 May, 2019 12:00am
Ramazan Games: Pashtoon Garri win volleyball title

Ramazan Games: Pashtoon Garri win volleyball title

Pashtoon Garri village clinched the trophy of the volleyball event part of the ongoing Ramazan Floodlight Games under the aegis of Directorate of Sports Khyber Pakhtunkhwa here at Taru Jabba village on Saturday.
Published 26 May, 2019 12:00am
Pakistan, Sri Lanka U-19 cricket series begin

Pakistan, Sri Lanka U-19 cricket series begin

Pakistan Under-19 cricket team will open their tour of Sri Lanka on Sunday (today) with the opening match of the five-match 50-over cricket series in Hambantota. On Friday in Colombo, the two captains - Sri Lanka's Nipun Dananjaya and Rohail Nazir of Paki
Published 26 May, 2019 12:00am
Messi finishes Europe's top scorer for third straight year

Messi finishes Europe's top scorer for third straight year

Lionel Messi has become the first player to win Europe's Golden Shoe award for three straight years after his nearest challenger Kylian Mbappe failed to score the four goals he needed in Paris St Germain's final league match of the season on Friday.
Published 26 May, 2019 12:00am
Afghanistan celebrates warmup win with pride and gunfire

Afghanistan celebrates warmup win with pride and gunfire

Afghanistan's victory over Pakistan in a warmup match for the Cricket World Cup on Friday was greeted with prolonged volleys of celebratory gunfire and prompted a rare show of unity in a country split by increasingly bitter political divisions.
Published 26 May, 2019 12:00am
Grieving Asif rejoins Pakistan squad after daughter's funeral

Grieving Asif rejoins Pakistan squad after daughter's funeral

Grieving Pakistan cricketer Asif Ali on Saturday left for England to join up with his country's World Cup squad following the funeral of his daughter, who he said will continue to be his strength and inspiration. Asif left the team's tour of England and r
Published 26 May, 2019 12:00am
Celtic win Scottish Cup to complete treble treble

Celtic win Scottish Cup to complete treble treble

Celtic claimed an unprecedented third consecutive domestic treble after coming from behind to win the Scottish Cup by beating Hearts 2-1 thanks to Odsonne Edouard's double at Hampden on Saturday. The Hoops were on course for a first domestic cup defeat in
Published 26 May, 2019 12:00am
New Zealand see off India in low-scoring World Cup warm-up

New Zealand see off India in low-scoring World Cup warm-up

New Zealand comfortably beat India by six wickets in a World Cup warm-up match at The Oval in London on Saturday after restricting the Virat Kohli-led side to 179. Skipper Kane Williamson and Ross Taylor made a 114-run partnership for the third wicket whi
Published 26 May, 2019 12:00am
Smith ton sets up Australia warm-up win over England

Smith ton sets up Australia warm-up win over England

Steve Smith ignored the jeers of the crowd to mark his first match against England since a ball-tampering ban with a century that set up Australia's 12-run win in a World Cup warm-up clash at Southampton on Saturday. Smith's 116 was the centrepiece of rei
Published 26 May, 2019 12:00am
Cotton rates firmer on modest trade
Cotton

Cotton rates firmer on modest trade

Rates held the overnight levels on the cotton market on Saturday in the process of modest trading activity, dealers said. The official spot rate was unchanged at Rs 8700, they added. The seed cotton per 40kg from Lower Sindh was available at Rs 3800-4000,
Published 26 May, 2019 12:00am
Taiwan buys 111,050 tonnes US wheat

Taiwan buys 111,050 tonnes US wheat

The Taiwan Flour Millers' Association has purchased 111,050 tonnes of milling wheat to be sourced from the United States in an international tender which closed on Tuesday, European traders said. The purchase involved a range of different wheat types. The
Published 26 May, 2019 12:00am
CBOT corn futures fall

CBOT corn futures fall

Chicago Board of Trade (CBOT) corn futures declined for the first time in nine sessions on Thursday after the US government unveiled a farm aid package that could encourage farmers to plant more corn despite adverse weather this spring. The Trump administ
Published 26 May, 2019 12:00am