News Archives for Print - 2019-05-31

Chinese team meets Dr Hafeez Shaikh

A Chinese delegation of MCC International Incorporation Limited, led by its Vice President, Wang Zhou, called on Adviser to Prime Minister on Finance, Revenue and Economic Affairs, Dr Abdul Hafeez Shaikh. The Adviser briefed the delegation about the scope

Published 31 May, 2019 12:00am

Ogra seeks up to Rs 8.99 hike in POL products'' prices

A month after a massive increase in POL prices, the Oil and Gas Regulatory Authority (Ogra) has computed up to Rs 8.99 in prices of petroleum products for June. The recommendation of oil and gas regulator has been sent to Petroleum Division for final deci

Published 31 May, 2019 12:00am

Nato official meets CoAS

North Atlantic Treaty Organization (Nato) Senior Civil Representative in Afghanistan Sir Nicholas Kay called on Chief of Army Staff (CoAS) General Qamar Javed Bajwa at the General Headquarters (GHQ) on Thursday. In a statement issued by the Inter Services

Published 31 May, 2019 12:00am

Nato official meets CoAS

North Atlantic Treaty Organization (Nato) Senior Civil Representative in Afghanistan Sir Nicholas Kay called on Chief of Army Staff (CoAS) General Qamar Javed Bajwa at the General Headquarters (GHQ) on Thursday. In a statement issued by the Inter Services

Published 31 May, 2019 12:00am

Benami accounts: CFOs of banks meet FBR chief

Chairman Federal Board of Revenue (FBR) Shabbar Zaidi called a meeting of Chief Financial Officers (CFOs) of banks here at FBR House and discussed provision of information of Benami accounts along with information that is required to be filed under sectio

Published 31 May, 2019 12:00am

Benami accounts: CFOs of banks meet FBR chief

Chairman Federal Board of Revenue (FBR) Shabbar Zaidi called a meeting of Chief Financial Officers (CFOs) of banks here at FBR House and discussed provision of information of Benami accounts along with information that is required to be filed under sectio

Published 31 May, 2019 12:00am

Benami accounts: CFOs of banks meet FBR chief

Chairman Federal Board of Revenue (FBR) Shabbar Zaidi called a meeting of Chief Financial Officers (CFOs) of banks here at FBR House and discussed provision of information of Benami accounts along with information that is required to be filed under sectio

Published 31 May, 2019 12:00am

PM urges people to declare assets by June 30

Prime Minister Imran Khan urged citizens to declare their benami assets and bank accounts under the government's Assets Declaration Scheme by June 30 in order to avoid legal action. In a video message released on Thursday, the prime minister said that the

Published 31 May, 2019 12:00am

PM urges people to declare assets by June 30

Prime Minister Imran Khan urged citizens to declare their benami assets and bank accounts under the government's Assets Declaration Scheme by June 30 in order to avoid legal action. In a video message released on Thursday, the prime minister said that the

Published 31 May, 2019 12:00am

Advertisements: SHC asks Sindh government to make payment to print media within 15 days

Sindh High Court (SHC) on Thursday ordered provincial government to pay the government advertisement dues to print media within 15 days after carrying out the scrutiny of bills. A division bench of SHC comprising Justice Muhammad Ali Mazhar and Justice Ag

Published 31 May, 2019 12:00am

Advertisements: SHC asks Sindh government to make payment to print media within 15 days

Sindh High Court (SHC) on Thursday ordered provincial government to pay the government advertisement dues to print media within 15 days after carrying out the scrutiny of bills. A division bench of SHC comprising Justice Muhammad Ali Mazhar and Justice Ag

Published 31 May, 2019 12:00am

US central bank watching potential economic risks: Fed

The US economy is on track for solid growth with strong hiring and low inflation but the central bank is watching for any risks and will react if needed, a Federal Reserve official said Thursday. "The economy is in a good place," Fed Vice Chairman Richard

Published 31 May, 2019 12:00am

US central bank watching potential economic risks: Fed

The US economy is on track for solid growth with strong hiring and low inflation but the central bank is watching for any risks and will react if needed, a Federal Reserve official said Thursday. "The economy is in a good place," Fed Vice Chairman Richard

Published 31 May, 2019 12:00am

US central bank watching potential economic risks: Fed

The US economy is on track for solid growth with strong hiring and low inflation but the central bank is watching for any risks and will react if needed, a Federal Reserve official said Thursday. "The economy is in a good place," Fed Vice Chairman Richard

Published 31 May, 2019 12:00am

Exchange

Excess spending by government: MoF asked to respond to proposed legislation

Finance Ministry has been asked to provide response to the proposed legislation with regard to curtailing approval of government's excess spending through supplementary grants without taking consent of the Parliament. A meeting of the Senate Standing Comm

Published 31 May, 2019 12:00am

Exchange

Excess spending by government: MoF asked to respond to proposed legislation

Finance Ministry has been asked to provide response to the proposed legislation with regard to curtailing approval of government's excess spending through supplementary grants without taking consent of the Parliament. A meeting of the Senate Standing Comm

Published 31 May, 2019 12:00am

Exchange

Excess spending by government: MoF asked to respond to proposed legislation

Finance Ministry has been asked to provide response to the proposed legislation with regard to curtailing approval of government''s excess spending through supplementary grants without taking consent of the Parliament. A meeting of the Senate Standing Com

Published 31 May, 2019 12:00am

Exchange

Decisions by NEC

The National Economic Council, chaired by Prime Minister Imran Khan, approved the paper prepared by the Ministry of Planning Development and Reforms which envisages a Gross Domestic Product (GDP) growth rate of 4 percent with manufacturing targeted to inc

Updated 31 May, 2019 06:47am

Resolving the moon-sighting controversy

Following up on his earlier assertions, Minister for Science and Technology Fawad Chaudhry announced on Sunday the launch of Pakistan's first official moon-sighting website and a five-year lunar calendar, according to which Eidul Fitr is to fall on June 5

Updated 31 May, 2019 06:48am

Avant-garde budget proposals-IV: Road to prosperity

The poor and helpless masses of Pakistan desperately owe explanation from all those who have been in power: Why the privileged are continuously being favoured and thriving on the money collected as "tax" from their own poorer brethren? * Why is it that al

Published 31 May, 2019 12:00am

Exchange

A macroeconomic case for higher tobacco taxes in Pakistan

Pakistan is among the high-burden countries with respect to the prevalence of tobacco use and its implications for public health. Almost one in five adults in the country uses tobacco in some form, which translates into 25 million adults currently. Conseq

Published 31 May, 2019 12:00am

Exchange

Bump in the night: FX flash crashes put regulators on alert

The increasing frequency of flash crashes in the $5.1 trillion-a-day foreign exchange market has regulators scrambling for answers. Sudden, violent and often quickly reversed price moves are now a regular occurrence in world currency markets - often durin

Published 31 May, 2019 12:00am

Government and opposition

That the opposition has stepped up its pressure on prime minister Imran Khan is a fact. In his latest attack on the PM, chairman Pakistan People's Party (PPP) Bilawal Bhutto Zardari has alleged that prime minister Imran Khan is conspiring to take over all

Published 31 May, 2019 12:00am

Karachi and upcountry: Train operation suspended for many hours

The train operation between Karachi and upcountry remained suspended for many hours since Jafar Express derailed near Sukkur division in Sindh province. The derailing delayed the arrival and departure timings of Shah Hussain Express, Karachi Express, Kara

Published 31 May, 2019 12:00am

Fresh case of polio virus surfaces in Bannu district

A fresh case has reported in Bannu district of Khyber Pakhtunkhwa after which the tally in the country this year has reached 20. An 18-month-old boy, hailing from Baizenkhel union council of Bannu has infected with the polio virus after testing his sample

Published 31 May, 2019 12:00am

Buzdar slams former regimes

Punjab Chief Minister Sardar Usman Buzdar has blamed the past governments for ruining the economy by taking massive loans. "Every child would have not been in debt today if these loans had been spent on public welfare, but the past governments exhibited c

Published 31 May, 2019 12:00am

Fake accounts case: Zardari, Faryal's bail extended till June 14

Former president and Pakistan People's Party (PPP) co-chairman Asif Ali Zardari on Thursday said that governance style of Pakistan Tehreek-e-Insaf (PTI) shows that it will not be there a long time. Talking to reporters after appearing before the accountab

Published 31 May, 2019 12:00am

Daraz extends Asaan Zakat campaign under 'Daraz Cares'

Daraz, Pakistan's leading online retailer, extends its Asaan Zakat campaign, and continues its commitment to improving the lives of those less privileged by taking multiple initiatives this Ramazan under the umbrella of 'Daraz Cares'.

Published 31 May, 2019 12:00am

Directive to control fruit fly

The Punjab Agriculture Department (PAD) has advised the orchard growers to control fruit fly which damage the quality of the fruit thus leading to lower payment. In an advisory issued here on Thursday, he said that loquat, guava, jamin, citrus and peach t

Published 31 May, 2019 12:00am

PTI wants selected government, judiciary & media: Bilawal

Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari on Thursday said that Pakistan Tehreek-e-Insaf (PTI) wants selected government, judiciary and media. In his tweets Bilawal Bhutto responded to the resignation of Zahid Ebrahim as additional atto

Published 31 May, 2019 12:00am

Eight cases against Zardari, two against Faryal pending before IHC: Naek

Pakistan People's Party (PPP) leader Farooq H Naek on Thursday said that there are eight cases against Asif Ali Zardari and two against Faryal Talpur pending before Islamabad High Court (IHC). Talking to the media persons here, Zardari's counsel Farooq H

Published 31 May, 2019 12:00am

PIA resumes flights on Beijing-Tokyo sector

PIA to resume its flight operation on Beijing-Tokyo sector from Friday 31st May 2019. The airline will now operate twice a week flights for the sector Islamabad-Beijing-Tokyo every Friday and Monday. The Tokyo sector was suspended earlier this year in Feb

Published 31 May, 2019 12:00am

'The Post Office Bill, 2019': Senate panel asks Pakistan Post to consult law division

A parliamentary panel on Thursday asked Pakistan Post to consult Law Division on the proposed amendments and recommendations in "The Post Office Bill, 2019".

Published 31 May, 2019 12:00am

Exchange

OIC Group calls for immediate cessation of Indian oppression

The Organisation of Islamic Cooperation (OIC) Contact Group on Jammu and Kashmir has expressed deep concern over the grave situation in the occupied valley and called for an immediate cessation of Indian oppression. The meeting of the OIC Contact Group on

Published 31 May, 2019 12:00am

LNG case: IHC disposes of Miftah's pre-arrest bail petition

The Islamabad High Court (IHC) Thursday disposed of former finance minister Miftah Ismail's petition seeking pre-arrest bail in Liquefied Natural Gas (LNG) case as NAB informed his arrest warrants were not issued yet. A division bench of IHC comprising Ch

Published 31 May, 2019 12:00am

PTM claims of extrajudicial killings, abductions: Senate body forms 'Rabta committee'

A special Senate committee on Thursday formed a 'Rabta committee' comprising three representatives from Pashtun Tahaffuz Movement (PTM) and five from Senate to look into PTM's claim of "extrajudicial killings and abductions" it blames on the state. The Se

Published 31 May, 2019 12:00am

PBIF demands stringent action against gas thieves

President of Pakistan Businessmen and Intellectuals Forum (PBIF) Mian Zahid Hussain has demanded that a merciless operation against gas thieves be carried out so that the gas sector circular debt and frequent tariff hike could be controlled. Talking to th

Published 31 May, 2019 12:00am

HCSTSI for abolishing of RD on local tyre units

The President Hyderabad Chamber of Small Traders and Small Industry (HCSTSI) Farooq Sheikhani has demanded the govt to abolish regularity duty on unnecessary items particularly on local tyre manufacturing. He said that tyre prices have been increased up t

Published 31 May, 2019 12:00am

Pakistan, Turkey, Malaysia review reforms agenda to make OIC more effective

A trilateral meeting of Pakistan, Turkey and Malaysia has reviewed reforms agenda of Organization of Islamic Cooperation and discussed ways to make OIC more effective organization. The trilateral talks were held on the sidelines of the ongoing meeting of

Published 31 May, 2019 12:00am

FM meets OIC Secretary General

Foreign Minister Shah Mahmood Qureshi had a meeting with Yousef Al-Othaimeen, Secretary General of OIC, on the sidelines of the meeting of OIC's Council of Foreign Ministers (CFM), in Jeddah. Qureshi congratulated the secretary general and the secretariat

Published 31 May, 2019 12:00am

2019-2022: Pakistan re-elected to governing councils of APDIM & SIAP

Pakistan has been re-elected to the governing councils of Asia Pacific Center for Development of Disaster Information Management (APDIM) and Statistical Institute for Asia and the Pacific (SIAP) for the term 2019-2022. Elections were held on Thursday duri

Published 31 May, 2019 12:00am

Minister pays maiden visit to NUST

Federal Minister for Science & Technology (MoST), Chaudhry Fawad Hussain, paid a visit to National Centre of Artificial Intelligence (NCAI) at the main campus of National University of Sciences & Technology (NUST) here on Wednesday. Upon arrival, the mini

Published 31 May, 2019 12:00am

Letter written to NA speaker: Bilawal seeks POs of MNAs Ali Wazir and Mohsin Dawar

Chairman Pakistan People's Party (PPP) Bilawal Bhutto Zardari has written a letter to Speaker National Assembly, urging him to immediately issue production orders of MNAs Ali Wazir and Mohsin Dawar to enable them come to the House and take the House into

Published 31 May, 2019 12:00am

Government's LPG policy lauded

Liquefied Petroleum Gas (LPG) Industries Association of Pakistan Founder/Chairman Irfan Khokhar has said that due to better policies of government and reduction of LPG prices in the international market, the LPG will be available to the domestic and comme

Published 31 May, 2019 12:00am

BMP chief for promoting intra-OIC trade

Chairman, Businessmen Panel (BMP), Mian Anjum Nisar, has urged the Organisation of Islamic Cooperation (OIC) to promote trade within the bloc and stressed on the need to eliminate bottlenecks in this regard. He said that Pakistan should actively pursuing

Published 31 May, 2019 12:00am

IMSciences to facilitate Chinese companies in CPEC projects

The Institute of Management Sciences - IMSciences in collaboration with Feiyun Culture Co, Ltd held a Listing Ceremony of Feiyun Culture & IMSciences Industry Talent Training Base under the CPEC Industry-Government-Academia Consortium. Representatives fro

Published 31 May, 2019 12:00am

SHCBA slams reference filed against Justice Qazi Isa

Sindh High Court Bar Association (SHCBA) on Thursday adopted a resolution against the reference filed in Supreme Judicial Council (SJC) against Qazi Faez Isa, judge of Supreme Court (SC). Resolution unanimously condemned the reference at general body meet

Published 31 May, 2019 12:00am

PIA raises salaries of low paid outsourced employees

The PIA management has increased the salaries of out sourced employees working through contractor. PIA spokesman said on Wednesday. PIA spokesman said that to celebrate the Eid-ul-Fitr the required funds have been released to the contractor for distributi

Published 31 May, 2019 12:00am

False declarations: petitioner asked to approach ECP for Bilawal, Zardari's Disqualification

Sindh High Court (SHC) on Thursday ordered the petitioner to approach Election Commission of Pakistan (ECP) for the disqualification of Chairman and Co-Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari and Asif Ali Zardari as members of parliam

Published 31 May, 2019 12:00am

Jaccobabad sizzles with 49° Celsius

Jaccobabad sizzled with 49 degrees Celsius as hot weather scorched parts of the country on Thursday, according to the Met Office. Dadu, Mohenjo-Daro and Larkana witnessed as high as 48 degrees Celsius, each, Rahim Yar Khan, Sibbi, Noorpur Thal, Rohri, Bah

Published 31 May, 2019 12:00am

Profit and dividend: foreign investors repatriate $1.2 billion in 10 months

Foreign investors repatriated $1.2 billion on account of profit and dividend during first 10 months (July-April) of this fiscal year (FY19). According to the State Bank of Pakistan (SBP), the repatriation of profit and dividend by foreign investors has wi

Published 31 May, 2019 12:00am

Russia imposes ban on grain: APCEA chief

Russia has reportedly imposed a ban on Pakistani grain after finding Kepra Beetle in a consignment of rice with phyto sanitary certificate of national organization of quarantine duly issued by Pakistan's official agency. This was disclosed by Manzoor Ella

Published 31 May, 2019 12:00am

Punjab government to develop dementia plan on priority

The Punjab government has included dementia in its list of priority disease areas and a Provincial Dementia Plan is currently being developed to achieve tangible actions required to improve the lives of people with dementia, their families and care-partne

Published 31 May, 2019 12:00am

Huawei founder reiterates company's strong position

In his latest meeting with the media, Huawei founder Ren Zhengfei has reiterated that the company is in a strong position to move ahead despite recent political actions in the United States.

Published 31 May, 2019 12:00am

Exchange

Qureshi, Indonesian FM discuss bilateral ties

Foreign Minister Shah Mahmood Qureshi met with the Foreign Minister of Indonesia, Retno Marsudi, on the sidelines of the OIC Council of Foreign Ministers (CFM) meeting in Jeddah. Qureshi conveyed his felicitations on the re-election of President Joko Wido

Published 31 May, 2019 12:00am

PTCL partners with Daraz

Pakistan Telecommunication Company Limited (PTCL), the country's largest telecom services provider, collaborated with Daraz, Pakistan's biggest e-commerce platform, to offer exclusive Daraz shopping vouchers to PTCL customers. This initiative provides dis

Published 31 May, 2019 12:00am

Murad accuses Centre of not seriously running affairs of constitutional bodies

Sindh Chief Minister Syed Murad Ali Shah has said that the federal government was not serious in running the constitutional bodies which was evident from the fact that the prime minister left National Economic Council (NEC) meeting without getting the PSD

Published 31 May, 2019 12:00am

'6.515 million bags of 10kg flour provided to 309 Ramazan Bazaars'

Punjab government has so far provided over 6.515 million bags of 10 kilogram flour to the 309 Ramazan Bazaars established across the province out of which over 5.164 million bags have been sold at a price of Rs 290 per bag. According to a monitoring repor

Published 31 May, 2019 12:00am

PQFTL Easy Takaful online instant subscription launched

Pak-Qatar Family Takaful announced the launch of its online instant subscription Easy Takaful plans via Pak-Qatar Family Takaful official website. Pak-Qatar Family Takaful is one of the first in the entire industry to launch it.

Published 31 May, 2019 12:00am

PQFTL Easy Takaful online instant subscription launched

Pak-Qatar Family Takaful announced the launch of its online instant subscription Easy Takaful plans via Pak-Qatar Family Takaful official website. Pak-Qatar Family Takaful is one of the first in the entire industry to launch it.

Published 31 May, 2019 12:00am

Sanaullah urges people to participate in anti-government movement

Slamming the PTI-led government for its failure on all fronts, Pakistan Muslim League-Nawaz (PML-N) Punjab President Rana Sanaullah has said that those who will not participate in anti-government movement are not well wishers of the country. Talking to me

Published 31 May, 2019 12:00am

Partly Facetious: The 'national' leaders

"M A Jinnah, the founder of Pakistan, remains alive in our hearts even today."

Published 31 May, 2019 12:00am

BOP announces Q1 financial results

A meeting of the Board of Directors of The Bank of Punjab was held on Wednesday to consider and approve the un-audited Financial Statements for the 1st quarter of year ended March 31, 2019. The meeting was presided by the Chairman of the Board, Dr Pervez

Published 31 May, 2019 12:00am

Wholesalers, distributors & retailers for rationalisation of WHT

Wholesalers, distributors and retailers have expressed their disappointment with the approach of newly-appointed Chairman Federal Board of Revenue (FBR) Syed Shabbar Zaidi, saying that he was making no sincere efforts in rationalizing taxes despite having

Published 31 May, 2019 12:00am

Exchange

Government urged not to withdraw zero rating regime

Pakistan Tanners Association (PTA) Chairman Agha Saiddain has termed any move to withdraw zero rating as imprudent and unthinking decision. Talking to Business Recorder, PTA Chairman said that withdrawal of zero rating at the cost of revenue collection wo

Published 31 May, 2019 12:00am

Farishta killing case: ADC recommends strict action against SHO, others

The additional deputy commissioner (ADC) has completed the judicial inquiry into the murder of 10-year-old Farishta and recommended strict legal action against Station House Officer (SHO) Shehzad Town police station and other officials.

Published 31 May, 2019 12:00am

Sarwar meets outgoing Australian HC

Punjab Governor Ch Muhammad Sarwar in a meeting with outgoing Australian High Commissioner Margaret Adamson, here on Thursday said there exist vast business opportunities in Pakistan and foreign investors are given conducive atmosphere for investment in P

Published 31 May, 2019 12:00am

Customs North Region collects Rs 3.89 billion in May

The Federal Board of Revenue's Customs North Region has collected Rs 3.89 billion during May 2019 against the assigned target of Rs 3.1 billion, reflecting a healthy growth of 24 percent. According to details issued by the Customs Thursday, Customs (North

Published 31 May, 2019 12:00am

Currency

Assets Declaration Scheme FBR urges missions aboard to lend a helping hand

The Federal Board of Revenue (FBR) has asked the Ministry of Foreign Affairs to advise Pakistani missions aboard to adopt the Assets Declaration Scheme 2019 as the national agenda of success and play an active role towards achieving optimal results.

Published 31 May, 2019 12:00am

Currency

Early trade in New York: Dollar rises, poised for fourth month of gains

The dollar rose on Thursday, on track to post a fourth straight month of gains, as the trade stand-off between China and the United States prompted traders to put money into perceived safe currencies including the greenback.

Published 31 May, 2019 12:00am

Cotton

Cotton prices steady on modest trade

Cotton prices showed firmness on the local market on Thursday in the process of moderate trading activity, dealers said. The official spot rate was inert at Rs 8750, they added. Slight arrival was seen in the arrivals of the seed-cotton per 40kg from Lowe

Published 31 May, 2019 12:00am

Activities at Karachi and Qasim Ports

The Karachi Port handled 156,059 tonnes of cargo comprising 109,002 tonnes of import cargo and 47,057 tonnes of export cargo including 7,998 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargos of

Published 31 May, 2019 12:00am

Exchange

China's iron ore falls after slipping from record highs

China's iron ore benchmark fell on Wednesday, slipping from record highs hit in the past few sessions, after the Dalian Commodity Exchange (DCE) announced increases in transaction fees for some futures contracts. In a May 28 notice to its members, the DCE

Published 31 May, 2019 12:00am

Exchange

China's soyameal futures rise

China's soyameal futures rose more than 3% in early trade, posting their biggest daily gain since June 2018, buoyed by strong US soyabean prices on delayed planting. The most actively traded soyameal futures traded on Dalian Commodity Exchange rallied 3.5

Published 31 May, 2019 12:00am

US wheat futures fall

US wheat futures fell on Wednesday on a profit-taking setback after rallying to its highest in 3-1/2 months. The most actively traded CBOT soft red winter wheat contract sagged 3.3 percent. The benchmark Chicago Board of Trade July soft red winter wheat c

Published 31 May, 2019 12:00am

Paris wheat futures slightly lower

Paris wheat futures closed slightly lower on Wednesday, retreating from an earlier 4-1/2 month high as a weather-related rally in US grains lost momentum. Front-month September milling wheat on Euronext settled 0.50 euros, or 0.3%, lower at 184.25 euros (

Published 31 May, 2019 12:00am

Vegetable Oil

Ukraine's grain exports rise

Ukraine's grain exports have risen to 46.1 million tonnes so far in the 2018/19 season compared with 36.4 million tonnes at the same point last season, the agriculture ministry said on Wednesday. Ukraine harvested a record 70 million tonnes of grain last

Published 31 May, 2019 12:00am

Canadian canola futures rise

ICE Canadian canola futures climbed on Wednesday for the fourth straight session, as concerns about US planting delays buoyed soy prices. The canola market is also supported by limited farmer selling of last year's harvest, a trader said. Canola prices bo

Published 31 May, 2019 12:00am

Asia's naphtha falls; gasoline hits three-month low

Asia's naphtha crack fell to a 12-week low of $14.43 a tonne on Wednesday while gasoline tumbled to below $1 a barrel, the lowest since February 25, dragged down by ample light distillates supplies. Naphtha arriving next month from the West including Euro

Published 31 May, 2019 12:00am

CBOT corn futures lower

Chicago Board of Trade corn futures weakened on Wednesday, retreating from their highest in nearly three years on profit-taking, traders said. Concerns about reduced acreage and production shortfalls continued to underpin the market, limiting the declines

Published 31 May, 2019 12:00am

Exchange

PMEX daily trading report

On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,838. The traded value of Metals, Energy and COTS/FX was recorded at PKR 12.210 billion and the number of lots traded 14,240. Major business was contributed by NSDQ100 amo

Published 31 May, 2019 12:00am

Currency

Sterling falls below $1.26 as political uncertainty grows

Sterling fell below $1.26 on Thursday for the first time since a January 3 flash crash, extending recent losses made on the back of signs that whoever succeeds Prime Minister Theresa May is likely to be a hard Brexit proponent.

Published 31 May, 2019 12:00am

Aussie steadies, kiwi slips

The Australian dollar held steady in the face of poor economic data on Thursday, but only because the market had priced in so much bad news that bond yields were already at all-time lows on expectations of steep rate cuts.

Published 31 May, 2019 12:00am

Exchange

Asian forex: South Korean won, Philippine peso up

The South Korean won bounced back on Thursday on suspected intervention by foreign exchange authorities, though escalating Sino-US trade tensions curbed investors' appetite for riskier currencies. On Thursday, a Chinese diplomat said that provoking trade

Published 31 May, 2019 12:00am

Currency

Turkish lira jumps

Turkey's lira jumped about 2% on Thursday and was on track for its best day in nearly three weeks after the US and Turkish leaders spoke by phone and set up a late June meeting, raising hopes that strained diplomatic relations would ease.

Published 31 May, 2019 12:00am

Dollar rises in NY amid US-China trade worries

The dollar rose on Wednesday, even as investors focused on socking their money into bonds and gold - and to a lesser extent the yen and Swiss franc - with no end in sight in the trade tension between China and the United States. Investor jitters intensifi

Published 31 May, 2019 12:00am

Mohammad Amir fit for World Cup debut, says Sarfraz

Pace spearhead Mohammad Amir is fit and available for selection for Pakistan's opening World Cup match against the West Indies on Friday, captain Sarfraz Ahmed said. There was speculation that the 27-year-old, who missed the last four matches of the one-d

Published 31 May, 2019 12:00am

Telecoms giant EE launches Britain's first 5G services

British mobile phone operator EE on Thursday became the first in the country to launch a high-speed 5G service, but without smartphones from controversial Chinese technology giant Huawei. EE, which is a division of British telecoms giant BT, has launched

Published 31 May, 2019 12:00am

Telecoms giant EE launches Britain's first 5G services

British mobile phone operator EE on Thursday became the first in the country to launch a high-speed 5G service, but without smartphones from controversial Chinese technology giant Huawei. EE, which is a division of British telecoms giant BT, has launched

Published 31 May, 2019 12:00am

Gazprom profit jumps by 44 percent

Russian energy giant Gazprom on Thursday reported a 44-percent jump in first-quarter net profit, driven by a rise in the value of exported gas. The state-controlled group reported a net profit of 535.9 billion rubles ($8.2 billion, 7.4 billion euros) betw

Published 31 May, 2019 12:00am

Gazprom profit jumps by 44 percent

Russian energy giant Gazprom on Thursday reported a 44-percent jump in first-quarter net profit, driven by a rise in the value of exported gas. The state-controlled group reported a net profit of 535.9 billion rubles ($8.2 billion, 7.4 billion euros) betw

Published 31 May, 2019 12:00am

UK car output crashes on Brexit-induced shutdowns

British car output almost halved in April as factories imposed shutdowns in the face of Brexit uncertainty and other sector-wide headwinds, industry data showed Thursday. The nation's car production nosedived 44.5 percent from the same month last year to

Published 31 May, 2019 12:00am

Trump says China suffering from trade conflict

President Donald Trump repeated his claim on Thursday that China is suffering most in the trade conflict with the United States, saying the punitive tariffs are having a "devastating effect." And after talks broke down earlier this month, he said his toug

Published 31 May, 2019 12:00am

China accuses US of 'naked economic terrorism'

China accused the United States of "naked economic terrorism" on Thursday as Beijing ramps up the rhetoric in their trade war. The world's top two economies are at loggerheads as trade talks have apparently stalled, with US President Donald Trump hiking t

Published 31 May, 2019 12:00am

West Indies playing with Hope

Jason Holder sounded a warning for West Indies' World Cup opponents ahead of their opening game against Pakistan on Friday, saying his team are playing with a smile on their faces. The two-times world champions had to battle to reach the World Cup in Engl

Published 31 May, 2019 12:00am

Osaka survives as big daddy Djokovic and Serena stroll

Naomi Osaka staged a second successive Roland Garros great escape on Thursday as fellow top seed Novak Djokovic and Serena Williams strolled into the last 32. World number one Osaka, bidding to add the French Open to her US and Australian Open titles, cam

Published 31 May, 2019 12:00am

Currency

Dollar rises against basket of currencies in Europe

The dollar edged towards a one-week high on Thursday as trade tensions between China and the United States led investors to seek shelter. US money markets are pricing in roughly two interest rate cuts by January 2020 and the bond yield curve inverted furt

Published 31 May, 2019 12:00am

Exchange

Dollar up against rivals in Asia

The dollar held up against its key rivals on Thursday after fears of an escalation in the Sino-US trade standoff forced investors to take shelter in safe-haven assets, including government bonds. As the dispute between the world's two biggest economies sh

Published 31 May, 2019 12:00am

China strips South Korea of football trophy for 'indecent' celebrations

South Korea's victorious under-18 team were stripped of the Panda Cup on Thursday after they infuriated hosts China with their celebrations. The Koreans had already apologised to "all the people in China" after a picture emerged of a player with his foot

Published 31 May, 2019 12:00am

CM Punjab extends good wishes to Pakistan

Punjab Chief Minister Sardar Usman Buzdar has expressed good wishes for the success of national cricket team. In his message on the start of ICC cricket world cup matches, the CM said that his prayers are with the Pakistan cricket team. "I pray to Almight

Published 31 May, 2019 12:00am

Currency	Rate
USD PKR Interbank Selling / May 9	281.75
USD PKR Interbank Buying / May 9	281.50
USD to Japanese Yen / May 9	145.37
USD to Swiss Franc / May 9	0.83
Pound Sterling to USD / May 9	1.33
Euro to USD / May 9	1.12
UK LIBOR % / May 9	4.96

Stock	Volume
S&P 500 / May 9	5,659.91
India Sensex / May 9	79,454.47
Tokyo Nikkei / May 9	37,503.33
Nasdaq / May 9	17,928.92
Hang Seng / May 9	22,867.74
FTSE 100 / May 9	8,554.80
Dow Jones / May 9	41,249.38
Germany DAX 30 / May 9	23,499.32
France CAC40 / May 9	7,743.75

Item	Value
Crude Oil USD/Barrel / May 9	61.02
Karachi Cotton PKR/37.32 KG / May 9	16,985
Gold 10 Grams PKR / May 9	300,840
Gold Spot USD/Ounce / May 9	3,324.98
Cotton US¢/pound / May 9	66.61
Petrol/Litre / May 11	252.63
Diesel/Litre / May 11	256.64

Stock	Price
First AL-Noor Mod. / May 9 First Al-Noor Modaraba(FANM)	3 ▲ 0.67 (28.76%)
Premier Insurance / May 9 Premier Insurance Limited(PINL)	5.15 ▲ 0.72 (16.25%)
Escorts Bank / May 9 Escorts Investment Bank Limited(ESBL)	5.98 ▲ 0.83 (16.12%)
Parmount Sp. / May 9 Paramount Spinning Mills Limited(PASM)	3.22 ▲ 0.41 (14.59%)
UDL International / May 9 UDL International Limited(UDLI)	7.10 ▲ 0.85 (13.6%)
Abdullah Shah / May 9 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	5.44 ▲ 0.65 (13.57%)
Chenab Ltd (Pref) / May 9 Chenab Limited (Pref)(CLCPS)	2.05 ▲ 0.23 (12.64%)
LSE Capital / May 9 LSE Capital Limited(LSECL)	4.39 ▲ 0.48 (12.28%)
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	6.42 ▲ 0.7 (12.24%)
D.S. Ind. Ltd. / May 9 D.S. Industries Limited(DSIL)	3.90 ▲ 0.41 (11.75%)

Stock	Price
Cyan Limited / May 9 Cyan Limited(CYAN)	27.05 ▼ -5.03 (-15.68%)
Burj Clean Energy Modaraba / May 9 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.11 ▼ -1 (-12.33%)
Universal Ins. / May 9 The Universal Insurance Company Limited(UVIC)	8.25 ▼ -1 (-10.81%)
Sally Textile / May 9 Sally Textile Mills Limited(SLYT)	7.14 ▼ -0.86 (-10.75%)
Jubilee Spinning / May 9 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	8.43 ▼ -0.95 (-10.13%)
At-Tahur Ltd. / May 9 At-Tahur Limited(PREMA)	42.57 ▼ -4.73 (-10%)
Khyber Tobacco / May 9 Khyber Tobacco Company Limited(KHTC)	342.26 ▼ -38.03 (-10%)
Dewan Mushtaq / May 9 Dewan Mushtaq Textile Mills Limited(DMTM)	9.29 ▼ -1.03 (-9.98%)
PIA Holding Co.Ltd / May 9 PIA Holding Company Limited(PIAHCLA)	12.23 ▼ -1.35 (-9.94%)
First Elite Cap.Mod / May 9 First Elite Capital Modaraba(FECM)	18.44 ▼ -2 (-9.78%)

Stock	Volume
WorldCall Telecom / May 9 Worldcall Telecom Limited(WTL)	47,087,025 ▲ 0.06
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	33,590,475 ▲ 0.7
Sui South Gas / May 9 Sui Southern Gas Company Limited(SSGC)	29,288,646 ▼ -1.53
B.O.Punjab / May 9 The Bank of Punjab(BOP)	18,310,598 ▲ 0.44
Pak Refinery / May 9 Pakistan Refinery Limited(PRL)	15,347,121 ▲ 0.3
PIA Holding Co.Ltd / May 9 PIA Holding Company Limited(PIAHCLA)	14,961,675 ▼ -1.35
Sui North Gas / May 9 Sui Northern Gas Pipelines Limited(SNGP)	14,847,660 ▲ 5.69
K-Electric Ltd. / May 9 K-Electric Limited(KEL)	14,463,181 ▲ 0.09
Maple Leaf Cement / May 9 Maple Leaf Cement Factory Limited(MLCF)	13,544,491 ▲ 2.45
Kohinoor Spining / May 9 Kohinoor Spinning Mills Limited(KOSM)	13,517,642 ▲ 0.05

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