News Archives for Print - 2019-06-02

Print - 2019-06-02

FBR asks banks to pursue account holders to avail scheme

The Federal Board of Revenue (FBR) has requested the banks to pursue their customers/account holders to avail the Assets Declaration Scheme-2019 in cases where the accountholders have balance of Rs 500,000 as on April 30, 2019 and the account has not been

Published 02 Jun, 2019 12:00am

Dawar, Wazir responsible for Waziristan attack: DC's report

Two members of National Assembly (MNAs) associated with the Pashtun Tahaffuz Movement (PTM) were declared responsible for attacking the Khar Kamar checkpost in North Waziristan last Sunday, in a report sent by the tribal district's Deputy Commissioner to

Published 02 Jun, 2019 12:00am

Dawar, Wazir responsible for Waziristan attack: DC's report

Published 02 Jun, 2019 12:00am

Cabinet may approve Hajj policy tomorrow

A meeting of the federal cabinet will discuss and may approve tomorrow (Monday) the Hajj Policy and Plan 2019 of the Ministry of Religious Affairs and Interfaith Harmony. The federal cabinet meeting to be presided over by Prime Minister Imran Khan will al

Published 02 Jun, 2019 12:00am

Cabinet may approve Hajj policy tomorrow

Published 02 Jun, 2019 12:00am

US cuts off India preferential trade access

The United States will end preferential trade treatment for India from Wednesday, US President Donald Trump has announced, in a fresh economic headwind for New Delhi alongside slowing growth and record unemployment. India has been the single biggest benef

Published 02 Jun, 2019 12:00am

US cuts off India preferential trade access

Published 02 Jun, 2019 12:00am

US cuts off India preferential trade access

Published 02 Jun, 2019 12:00am

US preparing antitrust probe of Google: report

The US Department of Justice is preparing an antitrust investigation of Internet titan Google, the Wall Street Journal reported on Friday. The Journal cited unnamed sources close to the matter as saying the department would look into Google practices rela

Published 02 Jun, 2019 12:00am

US preparing antitrust probe of Google: report

Published 02 Jun, 2019 12:00am

12 dead after gunman fires 'indiscriminately' in Virginia

A municipal employee sprayed gunfire "indiscriminately" in a government building complex on Friday in the US state of Virginia, police said, killing 12 people and wounding four in the latest mass shooting to rock the country.

Published 02 Jun, 2019 12:00am

12 dead after gunman fires 'indiscriminately' in Virginia

Published 02 Jun, 2019 12:00am

APNS Eid holiday

Sarmad Ali, Secretary General of the All Pakistan Newspapers Society has announced that the member publications of the APNS will observe two closed holidays on account of EID-UL-FITR as per following: In case the Eid falls on Wednesday, June 05, 2019. The

Published 02 Jun, 2019 12:00am

APNS Eid holiday

Published 02 Jun, 2019 12:00am

PSDP projects: Government releases Rs 582 billion against budgeted Rs 675 billion

Pakistan Tehreek-e-Insaf (PTI) government has released Rs 582 billion (86.2 percent) including Rs 186.2 billion foreign aid for different development projects under the Public Sector Development Programme (PSDP) 2018-19 against the total budgeted allocati

Published 02 Jun, 2019 12:00am

PSDP projects: Government releases Rs 582 billion against budgeted Rs 675 billion

Published 02 Jun, 2019 12:00am

PSDP projects: Government releases Rs 582 billion against budgeted Rs 675 billion

Published 02 Jun, 2019 12:00am

Pompeo attends secretive global meet in Switzerland

US Secretary of State Mike Pompeo will be in a secretive meeting in Switzerland of global power brokers discreetly discussing issues like Brexit and the future of capitalism. The State Department confirmed Saturday that Pompeo, who is on a four-nation tou

Published 02 Jun, 2019 12:00am

Pompeo attends secretive global meet in Switzerland

Published 02 Jun, 2019 12:00am

China to investigate FedEx: state media

Chinese authorities will investigate US delivery company FedEx over harming the interests of its clients, state media reported Saturday. FedEx earlier this week apologised for misrouting some Huawei parcels after the Chinese telecom giant said it was revi

Published 02 Jun, 2019 12:00am

Exchange

Pakistanis in foreign prisons

Day in day out, the front doors of some 11,000 houses in Pakistan remain open. Those inside these places of residence wait for homecoming of the near and dear ones held abroad in foreign prisons. Last month, about 250 returned home from Saudi Arabia and l

Updated 03 Jun, 2019 06:18am

Plight of the Mount Everest

Mountains don't speak, but when hurt by humans they respond in equal terms. Last week, the Mountain Everest took lives of as many as eight climbers. Given heavy traffic of climbers the victims were stuck at the 'death zone', and as they waited their suppl

Updated 03 Jun, 2019 06:17am

Complexities of taxation

"Everything should be made as simple as possible, but not simpler". Our taxation system complexities are required to be simplified, but at the same time, the coverage has to be broad based. The FBR is aiming a tall (next to impossible) target of 34-40 per

Published 02 Jun, 2019 12:00am

Exchange

Demystifying microfinance

A narrow track towards south-east, almost 17-km from Chakwal leads to a typical Punjabi village of Dheedwal. A large banyan tree and a small pond, a nostalgic scene resisting change, welcome as one enters the town. Azhar Abbas runs a shop overflowing with

Published 02 Jun, 2019 12:00am

Who won WWII? Russia's role gets short shrift in France

When world leaders gather for D-Day commemorations, Vladimir Putin's absence will be a sign of how Russia's huge sacrifices in World War II have gone missing in most French minds. It's a striking reversal from 75 years ago, when the Soviet contribution at

Published 02 Jun, 2019 12:00am

Ghani-Imran meeting

A meeting between Prime Minister Imran Khan and President of Afghanistan Dr Ashraf Ghani held on the sidelines of the 14th Islamic Summit in Makkah-al-Makarramah on Friday is a highly significant development. It is about time the Afghan president stopped

Published 02 Jun, 2019 12:00am

Reference against judges: SCBA demands Alvi's impeachment

The Supreme Court Bar Association (SCBA) has urged the opposition legislators to file a resolution for the impeachment of President Arif Alvi, who approved reference against Justice Qazi Faez Isa, a judge of the apex court. The President of Pakistan a few

Published 02 Jun, 2019 12:00am

Hamza slams raise in POL prices

Opposition leader in the Punjab Assembly Hamza Shahbaz on Saturday lashed out at the ruling Pakistan Tehreek-i-Insaf (PTI) over the recent hike in prices of petroleum products and termed it enmity with the public. The PML-N leader in a statement condemned

Published 02 Jun, 2019 12:00am

KP police start awareness campaign against aerial firing

The Khyber Pakhtunkhwa police have started a special awareness campaign against aerial firing on Chand Raat in the province. According to details, police have asked Ulema to play their role in discouraging the practice of aerial firing. Similarly, police

Published 02 Jun, 2019 12:00am

JUI-F rejects hike in POL prices

Jamiate Ulema Islam-Fazl (JUI-F) has rejected the recent increase in petroluemn products and it said that after the depreciation of Pakistan rupee against US dollar, now the government failed to control over the prices of petroleum commodities. In a state

Published 02 Jun, 2019 12:00am

Sherry criticises government for stock market's rescue fund

PPP's Parliamentary Leader in Senate, Senator Sherry Rehman said, "The government that has wasted no opportunity in showcasing austerity-driven measures from buffalo sales to car auctions to raise a few millions has gone on to approve a Rs 20 billion bail

Published 02 Jun, 2019 12:00am

JI leader hails accountability in armed forces

JI acting chief, Liaqat Baloch, has welcomed a stringent accountability in the armed forces at the highest level and said this step would strengthen national security. While addressing the central advisory council of the Milli Yakjehti Council, he said th

Published 02 Jun, 2019 12:00am

Pakistan's online visa service for European tourists begins

Tourists coming from European countries including France can now easily access the online visa service of Pakistan. According to details, the government of Pakistan is now facilitating all tourists of the European block via its online visa service. The Fr

Published 02 Jun, 2019 12:00am

Indian troops martyred 34 Kashmiris in May

Indian troops in their unabated acts of state terrorism martyred 34 Kashmiris including 3 in custody during the last month of May. According to Kashmir Media Service, the killings rendered four women widowed and 10 children orphaned. During the month, 601

Published 02 Jun, 2019 12:00am

There's 'cold war' between elected, non-elected government members: Fawad

Federal Minister for Science & Technology Fawad Chaudhry has disclosed that there is an ongoing 'cold war' between elected and non-elected members in the government and there are a lot of objections to this. During an interview to a private TV channel on

Published 02 Jun, 2019 12:00am

PTI always at forefront for independence of judiciary: Firdous

Special Assistant to the Prime Minister on Information Firdous Ashiq Awan said PTI has always been at the forefront in the struggle for ensuring independence of judiciary and rule of law in the country. In a tweet on Saturday, she said PML-N respects inst

Published 02 Jun, 2019 12:00am

High prices dampen Eid festivities in Peshawar

Despite the fact that Eid-ul-Fitr is just few days away, shopping for the festival which normally reaches its climax by that time has failed to gain momentum so far due to continues recession and escalating prices of stuffs. As the biggest Muslim festival

Published 02 Jun, 2019 12:00am

Industrial raw materials: PCDMA demands continuation of FTR for importers

Chairman Pakistan Chemicals and Dyers Merchant Association (PCDMA), Shahid Vaseem has demanded continuation Final Tax Regime (FTR) for commercial importers of industrial raw materials. He mentioned that because commercial importers pay 6 percent advance n

Published 02 Jun, 2019 12:00am

Prisoners in Sindh get 60-day remission

Sindh Chief Minister Syed Murad Ali Shah on the eve of Eid-ul-Fitr has awarded 60 days remission to all the prisoners undergoing life sentence and in other cases. He also ordered release of the prisoners qualifying for remission before Eid so that they co

Published 02 Jun, 2019 12:00am

Customs value of artificial jewellery revised

Directorate General Valuation Customs (DGVC) has revised the customs value of artificial imitation jewellery (AIJ) under section 25(7) of the Customs Act, 1969. According to details, the customs values of artificial jewellery were earlier determined throu

Published 02 Jun, 2019 12:00am

WHO finds polio virus in samples collected in Karachi

Sewage samples collected from gutters of 11 sampling sites in the metropolis have confirmed prevalence of polio virus in Karachi. The World Health Organization (WHO) had collected samples in Karachi to assess prevalence of the crippling virus in the city.

Published 02 Jun, 2019 12:00am

FBR sends notices to 500 unregistered beauty parlours in Karachi

The Federal Board of Revenue (FBR) started a crackdown against unregistered beauty parlours in Karachi and issued notices to 500 salons, local channel reported on Saturday. According to sources, as part of the ongoing tax net expansion campaign in the cou

Published 02 Jun, 2019 12:00am

Psychiatry ward opens at government hospital

To deal with the psychiatric problems and diseases of children, first ever psychiatry ward and OPD has been established at Sindh Government Children Hospital, North Nazimabad, Karachi where the affected children would be able to get free treatment from ex

Published 02 Jun, 2019 12:00am

Exchange

Hike in POL prices to make people's life miserable: KCCI chief

President of Karachi Chamber of Commerce and Industry (KCCI) Junaid Esmail Makda has rejected the increase in petroleum prices just ahead of upcoming Eid-ul-Fitr which would not only intensify the hardships for the masses but would also create a very diff

Published 02 Jun, 2019 12:00am

Moderate drought forecast for Sindh's six districts

Mercury level on Saturday shot up to 51 degrees Celsius in Jacobabad as the Met Office (MO) has forecast a moderate drought for six districts of Sindh in the next week. Similarly, no rain has been forecast for Sindh and Balochistan over the period, indica

Published 02 Jun, 2019 12:00am

No let up in carjacking cases in Capital

The federal Capital witnessed a surge in incidents of vehicle lifting, robbery, kidnapping and murder during the last week despite claims of police regarding strict security arrangements across the city. According to data gathered by Business Recorder

Published 02 Jun, 2019 12:00am

Utilisation of E&P funds: SHC orders NAB to initiate inquiry

Sindh High Court (SHC) on Saturday ordered National Accountability Bureau (NAB) to carryout inquiry into alleged wrongdoing in the utilisation of funds allocated by energy & petroleum (E&P) companies for uplift of local communities in various districts of
Published 02 Jun, 2019 12:00am

Safety K-Electric's top priority: Fakhar

Safety is a top priority at K-Electric. The power utility promotes a safety-first culture in line with best practices to ensure that the environment, people, and community it operates with are cared for.
Published 02 Jun, 2019 12:00am

Prices of kitchen items witness mix trend

Prices of perishable kitchen items witnessed a mixed trend during this week past as compared to preceding week, a survey conducted by Business Recorder revealed here on Saturday.
Published 02 Jun, 2019 12:00am

Exchange
Pakistan-Turkey resolve to combat terrorism in all its forms

Pakistan and Turkey have reiterated their resolve to jointly combat terrorism in all its forms and manifestations. The resolve came during the First Round of Pakistan-Turkey Counter Terrorism Consultations held in Ankara. The Pakistan delegation was led b
Published 02 Jun, 2019 12:00am

Condolence

Hameed Haroon, President, Sarmad Ali, Secretary General, All Pakistan Newspapers Society on behalf of the Office Bearers and members of the Society have expressed profound grief over the sad demise of Muhammad Rasheed Chaudhary, publisher of Daily Nawa-i-
Published 02 Jun, 2019 12:00am

Government announces raise in salaries of nurses

Federal government has announced 'Eid Gift' for the nurses with increase in their salaries. Prime Minister's Special Assistant on Health Dr Zafar Mirza has announced raise in the wages of nurses while addressing a gathering of nurses at Pakistan Institute
Published 02 Jun, 2019 12:00am

References against judges: KBA resolves to cancel membership of law minister, AG

Karachi Bar Association (KBA) on Saturday condemned of what it called "malicious act" of filing a reference against Qazi Faez Isa, judge of Supreme Court in Supreme Judicial Council (SJC) and resolved to cancel membership of Federal Law Minister Farogh Na
Published 02 Jun, 2019 12:00am

APNS expresses gratitude to PM

The APNS expresses its gratitude to Imran Khan Prime Minister of Pakistan for his directives to initiate the process of payment of long outstanding dues of media.
Published 02 Jun, 2019 12:00am

MQM-P & BNP-M's support doubtful: PTI government may face challenge in getting federal budget passed

The federal government may face a major challenge to pass the federal budget for fiscal year 2019-20, scheduled to be presented in Parliament on 11 June, as it is faced with the possibility of lack of support from two key allies - BNP-M and MQM-P.
Published 02 Jun, 2019 12:00am

KP CM announces package for affected families of Waziristan incident

KP Chief Minister Mahmood Khan has announced relief package for the affected families of the Khar Kamar incident in North Waziristan and said that some elements are politicking in the name of Pakhtuns are pushing them into war once again that is not accep
Published 02 Jun, 2019 12:00am

Hamza's bail plea to be heard on June 3

A division bench of the Lahore High Court headed by Justice Syed Mazahar Ali Akbar Naqvi will proceed with bail petition of the Leader of Opposition in Punjab Assembly Hamza Shahbaz on June 03. The inquiries against Hamza include Punjab Saaf Pani Company,
Published 02 Jun, 2019 12:00am

LBOD water for Thar coal: Murad calls for choosing between RO and MBR technology

Sindh Chief Minister Syed Murad Ali Shah on Saturday called for choosing appropriate technology for pre-treatment of LBOD water such as Reverse Osmosis (RO) or Membrane Bio Reactor (MBR) as soon as possible.
Published 02 Jun, 2019 12:00am

MCC Islamabad collects over Rs 821.80 million in May

Model Customs Collectorate (MCC) Islamabad has achieved target for customs duty and other taxes assigned by the Federal Board of Revenue for the month of May, 2019.
Published 02 Jun, 2019 12:00am

Chinese company to invest $70 million in Allama Iqbal Industrial City

A Chinese company Hunan Yatai Ceramics will establish ceramics plant worth US $70 million at upcoming Allama Iqbal Industrial City, a project of the Faisalabad Industrial Estate Development and Management Company (FIEDMC). The investment agreement has bee
Published 02 Jun, 2019 12:00am

Transport fares raised up to 100 percent in Islamabad

Following the government's decision to raise the prices of petroleum products, transporters have increased fares by up to 100 percent, perturbing the passengers leaving for their hometowns to celebrate Eid-ul-Fitr with their near and dear ones, revealed a
Published 02 Jun, 2019 12:00am

CTD officer gunned down in Bannu

An officer of the Counter Terrorism Department (CTD) was gunned down by unidentified armed assailants in Bannu on Saturday. According to the sources, the incident occurred when the CTD officer Asif has come home in Bannu from intelligence duty in Razmak t
Published 02 Jun, 2019 12:00am

Punjab E&T to have no new tax in budget: minister

Punjab Excise & Taxation and Narcotics Control Department has finalised its budget proposals for next financial year with no new tax. "For the first time in the history, the ratio of some taxes will be trimmed in coming budget," Provincial Minister for E&
Published 02 Jun, 2019 12:00am

Withdrawal of zero rated regime: government urged to convene stakeholders' meeting

Pakistan Carpet Manufacturers and Exporters Association (PCMEA) expressing serious concerns over the proposal of removing of zero rating regime said that materializing this proposal would create negative impact on exports, production and investment in the
Published 02 Jun, 2019 12:00am

Minister visits Ramazan, Eid Bazaars

Provincial Minister for Industries & Trade, Mian Aslam Iqbal visited various Eid and Ramazan Bazaars in the city and inquired about the prices, quality and availability of essential commodities items. He also inspected the weight of the bags of atta, suga
Published 02 Jun, 2019 12:00am

PPP leader slams government for hike in POL prices

Pakistan People's Party (PPP) provincial leader, Nawabzada Aurangzeb Khan Hoti has slammed the government for yet another increase in prices of petroleum commodities, which, according to him, would bring a new wave of inflation in the country that will di
Published 02 Jun, 2019 12:00am

New Zealand thrash Sri Lanka in World Cup

New Zealand made a flying start to their World Cup campaign as paceman Matt Henry struck three times in a 10-wicket trashing of woeful Sri Lanka on Saturday. Henry returned figures of 3-29 and combined with fellow paceman Lockie Ferguson, who also took th
Published 02 Jun, 2019 12:00am

Warner stars in Australia's rout of Afghanistan

David Warner scored an unbeaten 89 in his first major international appearance since a year-long ban for his role in a ball-tampering scandal as champions Australia launched their World Cup defence with a seven-wicket thrashing of Afghanistan in Bristol o
Published 02 Jun, 2019 12:00am

Serena's Slam history bid halted

Serena Williams's bid to win a record-equalling 24th Grand Slam title was thwarted again on Saturday when she was knocked out of the French Open 6-2, 7-5 by US compatriot Sofia Kenin in the third round. It was 37-year-old Serena's earliest exit at the Sla
Published 02 Jun, 2019 12:00am

Djokovic cruises into fourth round

World number one Novak Djokovic eased into the last 16 at Roland Garros on Saturday to step up his bid to hold all four Grand Slam titles simultaneously for the second time. The Serbian saw off unseeded Italian Salvatore Caruso 6-3, 6-3, 6-2 to set up a f
Published 02 Jun, 2019 12:00am

Tsitsipas first Greek since 1936 to reach fourth round

Stefanos Tsitsipas said he is targeting "more records" after becoming the first Greek player in 83 years to reach the second week at Roland Garros on Saturday as he survived a scare in the third round against Filip Krajinovic. The sixth seed led by two se
Published 02 Jun, 2019 12:00am

Pakistan can bounce back, insists Arthur

Pakistan coach Mickey Arthur has insisted they can bounce back from a "shocking" start to the World Cup. Hostile fast bowling by the West Indies saw Pakistan slump to just 105 - their second-lowest World Cup total - in a mere 21.4 overs at Trent Bridge on
Published 02 Jun, 2019 12:00am

Osaka crashes out

World number one Naomi Osaka's hopes of winning a third successive Grand Slam ended Saturday when she was knocked out of the French Open in the third round by unheralded Katerina Siniakova of the Czech Republic. Japanese top seed Osaka, the reigning US an
Published 02 Jun, 2019 12:00am

Thailand encourages rubber exports curbs

Thailand asked exporters to curb rubber exports from May 20 and is not delaying export cuts agreed with other regional producers, an official from the country's rubber association said on Friday. Bundit Kerdvongbundit, secretary-general of the Thai Rubber
Published 02 Jun, 2019 12:00am

Middle East tensions to support Brent near $70 this year

Brent crude prices are likely to hold near $70 a barrel in the remainder of the year as elevated supply risks in the Middle East offset risks to demand from the US-China trade spat, a Reuters survey showed on Friday. A monthly survey of 43 economists and
Published 02 Jun, 2019 12:00am

Russian wheat prices boosted

Russian export prices for the new wheat crop, due to arrive on the market in the summer, advanced further last week alongside a rise in global benchmark prices in Chicago, analysts said on Monday. Black Sea prices for the Russian new wheat crop with 12.5%
Published 02 Jun, 2019 12:00am

EU says Czech PM in conflict of interest, wants money back

The European Commission says Czech Prime Minister Andrej Babis must return millions of euros subsidies after a draft audit report found the billionaire in a conflict of interest, Czech media reported Saturday. The Commission conducted the audit in January
Published 02 Jun, 2019 12:00am

Sudan recalls ambassador to Qatar

Sudan's ambassador to Qatar has returned to Khartoum for consultations, the foreign ministry said Saturday, with the envoy set to fly back to Doha soon. The diplomat was summoned "to Khartoum for consultations and...will leave to Doha in the coming hours"
Published 02 Jun, 2019 12:00am

Blast at Russian explosives plant injures 79

A blast at a major explosives plant in central Russia Saturday injured 79 people and damaged nearly 200 buildings nearby, local officials told Russian news agencies. The explosion happened at the "Kristall" factory in Dzerzhinsk about 400 kilometres (250
Published 02 Jun, 2019 12:00am

Fire in Bosnian migrant shelter injures 32

A fire in a shelter for migrants in northwest Bosnia on Saturday left 32 people hurt either from burns or injuries after they jumped from windows to escape the flames, authorities said. The blaze broke out after dawn in the privately-run facility in the t
Published 02 Jun, 2019 12:00am

India bakes as mercury nears 50 Celsius

Temperatures pushed towards 50 degrees Celsius (122 Fahrenheit) across much of India on Saturday as an unrelenting heatwave triggered warnings of water shortages and left locals fearing for their livelihoods. The western, desert state of Rajasthan recorde
Published 02 Jun, 2019 12:00am

Boris Johnson would make 'excellent' British PM: Trump

US President Donald Trump has said British former foreign minister Boris Johnson would make an "excellent" prime minister to replace Theresa May. Trump was speaking ahead of the start of a state visit to Britain on Monday, during which he will meet May. S
Published 02 Jun, 2019 12:00am

Captain charged over Budapest boat tragedy

The captain of a river cruise ship that collided with a smaller sightseeing vessel was charged Saturday over the accident in Budapest that killed seven South Korean tourists and left 21 missing. The Mermaid carrying mainly South Korean tourists overturned
Published 02 Jun, 2019 12:00am

Lebanon army chief angry at budget measures

Lebanon's army chief on Saturday criticised measures in the country's austerity budget, including a recruitment freeze, warning they would have a negative impact on the military. General Joseph Aoun's intervention, rare for a Lebanese army chief, comes af
Published 02 Jun, 2019 12:00am

Italy promises to obey EU fiscal rules as debt rises

Italy has vowed to respect the European Union's fiscal rules in its next budget despite deteriorating public finances and a pledge by the anti-austerity government for swingeing tax cuts. Responding to a letter from the EU Commission questioning why Italy
Published 02 Jun, 2019 12:00am

Mexican president says confident that US will negotiate on tariffs

Mexico's president said Saturday he thinks US officials are prepared to negotiate on President Donald Trump's threat to use tariffs as a tool to fight illegal migration across the border. "There is willingness on the part of US government officials to est
Published 02 Jun, 2019 12:00am

Huawei 'too close' to Chinese government to be trusted: US

Telecom-munications giant Huawei is "too close" to the Chinese government, making it difficult to trust the company at the heart of an escalating trade war between Washington and Beijing, the US defence chief said Saturday. Acting Secretary of Defense Pat
Published 02 Jun, 2019 12:00am

Total takes on Toshiba's US LNG business

Total will take over Toshiba's US liquefied natural gas business and get $800 million cash from the Japanese group as part of the deal, the companies said on Saturday, weeks after attempts to sell it to a Chinese buyer fell through.
Published 02 Jun, 2019 12:00am

BoE's Ramsden sees weak growth in mid-2019

Britain's economy is likely to see slow growth through the middle of this year before picking up towards the end of 2019, Bank of England (BoE) Deputy Governor Dave Ramsden said in an interview published on Saturday. "Given where the labour market is, giv
Published 02 Jun, 2019 12:00am

Kenya to retire old 1,000 shilling banknote

Kenya plans to withdraw an old version of its 1,000 shilling ($9.88) banknote to tackle illicit financial flows and counterfeiting, its central bank governor said on Saturday. President Uhuru Kenyatta promised to stamp out graft when he was first elected
Published 02 Jun, 2019 12:00am

Budget airlines the flavour of S Korean aviation market, Jeju travel booms

Kim Bo-Min, a Starbucks barista, paid 140,000 won ($118) for a round-trip from her hometown of Daegu to the popular resort island of Jeju, arriving on T'Way Air Co Ltd, part of South Korea's rapidly growing low-cost airline sector.
Published 02 Jun, 2019 12:00am

Currency
Yen jumps, peso tumbles in New York on Trump's tariff threat on Mexico

Investors rushed into the perceived safety of the Japanese yen on Friday, with the currency scoring its best day against the dollar in four months, after US President Donald Trump's threat to impose tariffs on Mexico roiled financial markets and stoked re
Published 02 Jun, 2019 12:00am

Exchange
Proactive checks on crypto risks needed: FSB

Regulators need to step up risk assessments of the cryptocurrency sector as current rules are patchy, and quick technological change may lead to gaps in policies on digital money, the global financial stability watchdog said. They should work to foresee r
Published 02 Jun, 2019 12:00am

Exchange
Most Latam currencies soften

A Latin American stocks benchmark fell and most Latin American currencies softened against the dollar on Friday after Mexico fell in the cross-hairs of US President Donald Trump's tariffs. Aiming to stanch the flow of illegal immigrants to his country, Tr
Published 02 Jun, 2019 12:00am

Exchange
African currencies week ahead: Kenyan, Tanzanian and Zambian currencies seen up, Ugandan shilling stable

Kenyan, Tanzanian and Zambian currencies are expected to firm next week, while Uganda's should remain stable.
Published 02 Jun, 2019 12:00am

Speculators' net long dollar bets flat

Speculators' net long dollar position was little changed this week from the previous week, according to calculations by Reuters and US Commodity Futures Trading Commission data released on Friday. The value of the net long dollar position was $34.61 billi
Published 02 Jun, 2019 12:00am

Currency
Canadian dollar hits five-month low

The Canadian dollar weakened to a five-month low against the greenback and lost ground against all the other G10 currencies on Friday, as potential US tariffs on Mexico threatened to lessen the effectiveness of a new North American trade deal. Canadian Fo
Published 02 Jun, 2019 12:00am

Exchange
Wall Street skids, jolted by Trump's surprise tariff threat

US stocks dropped on Friday, as the S&P 500 closed out the month with its biggest May slump since 2010, after President Donald Trump's surprise threat of tariffs on Mexico fuelled fears that a trade war on multiple fronts could lead to a recession. Washin
Published 02 Jun, 2019 12:00am

Exchange
Global stocks to keep climbing but trade war a major hurdle

Global stocks will continue their march to higher ground but an escalation of the US-China trade war poses the biggest risk, Reuters polls of over 200 equity strategists, analysts and fund managers from around the world found. Last year was not a good 12
Published 02 Jun, 2019 12:00am

Previous Day

Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / Apr 25

281.17

USD PKR Interbank Buying / Apr 25

280.97

USD to Japanese Yen / Apr 25

143.67

USD to Swiss Franc / Apr 25

0.83

Pound Sterling to USD / Apr 25

1.33

Euro to USD / Apr 25

1.14

UK LIBOR % / Apr 24

4.96

Stock Volume

S&P 500 / Apr 25

5,525.21

India Sensex / Apr 25

79,212.53

Tokyo Nikkei / Apr 25

35,705.74

Nasdaq / Apr 25

17,382.94

Hang Seng / Apr 25

21,980.74

FTSE 100 / Apr 25

8,415.25

Dow Jones / Apr 25

40,113.50

Germany DAX 30 / Apr 25

22,242.45

France CAC40 / Apr 25

7,536.26

Item Value

Crude Oil USD/Barrel / Apr 25

63.17

Karachi Cotton PKR/37.32 KG / Apr 25

16,985

Gold 10 Grams PKR / Apr 25

298,950

Gold Spot USD/Ounce / Apr 25

3,327.60

Cotton US¢/pound / Apr 25

68.80

Petrol/Litre / Apr 27

254.63

Diesel/Litre / Apr 27

258.64

Gainers
Losers
Leaders

Stock Price

First Capital Equities / Apr 25

First Capital Equities Limited(FCEL)

4.92

▲ 0.96 (24.24%)

PICIC Ins.Ltd. / Apr 25

PICIC Insurance Limited(PIL)

3.14

▲ 0.5 (18.94%)

Dewan Mushtaq / Apr 25

Dewan Mushtaq Textile Mills Limited(DMTM)

7.99

▲ 1 (14.31%)

Pak. P.V.C. / Apr 25

Pakistan PVC Limited(PPVC)

8.26

▲ 1 (13.77%)

J.K.Spinning / Apr 25

J.K. Spinning Mills Limited(JKSM)

61.90

▲ 5.63 (10.01%)

At-Tahur Ltd. / Apr 25

At-Tahur Limited(PREMA)

86.74

▲ 7.89 (10.01%)

Shezan Inter. / Apr 25

Shezan International Limited(SHEZ)

203.03

▲ 18.46 (10%)

Sunrays Textile / Apr 25

Sunrays Textile Mills Limited(SUTM)

156.38

▲ 14.22 (10%)

PIA Holding Co.B / Apr 25

PIA Holding Company Limited B(PIAHCLB)

3,282.29

▲ 298.39 (10%)

S.S.Oil / Apr 25

S.S.Oil Mills Limited(SSOM)

357.05

▲ 32.46 (10%)

Stock Price

Engro Powergen / Apr 25

Engro Powergen Qadirpur Limited(EPQL)

28.71

▼ -10.13 (-26.08%)

Ghani Chemworld / Apr 25

Ghani Chemworld Limited(GCWL)

8

▼ -1 (-11.11%)

Samba Bank / Apr 25

Samba Bank Limited(SBL)

8.01

▼ -0.99 (-11%)

Arpak Int. / Apr 25

Arpak International Investments Ltd.(ARPAK)

56.66

▼ -6.29 (-9.99%)

Blue-Ex Ltd / Apr 25

Blue-Ex Limited (GEM)(GEMBLUEX)

47.38

▼ -5.26 (-9.99%)

Saif Power Ltd. / Apr 25

Saif Power Limited(SPWL)

12.31

▼ -1.3 (-9.55%)

Shaheen Ins. / Apr 25

Shaheen Insurance Company Limited(SHNI)

5.25

▼ -0.46 (-8.06%)

Equity Modaraba / Apr 25

First Equity Modaraba(FEM)

2.75

▼ -0.24 (-8.03%)

GlaxoSmithKline / Apr 25

GlaxoSmithKline Pakistan Limited(GLAXO)

409.57

▼ -34.89 (-7.85%)

AKD Hospitality / Apr 25

AKD Hospitality Limited(AKDHL)

136.65

▼ -10.81 (-7.33%)

Stock Volume

WorldCall Telecom / Apr 25

Worldcall Telecom Limited(WTL)

22,789,497

▼ -0.02

Power Cement / Apr 25

Power Cement Limited(POWER)

21,965,614

▼ -0.17

Sui South Gas / Apr 25

Sui Southern Gas Company Limited(SSGC)

21,567,163

▼ -0.56

B.O.Punjab / Apr 25

The Bank of Punjab(BOP)

19,825,526

▼ -0.08

K-Electric Ltd. / Apr 25

K-Electric Limited(KEL)

17,030,953

▼ -0.04

Aisha Steel Mill / Apr 25

Aisha Steel Mills Limited(ASL)

16,751,796

▲ 0.59

Cnergyico PK / Apr 25

Cnergyico PK Limited(CNERGY)

16,717,262

▼ -0.17

Pak Int.Bulk / Apr 25

Pakistan International Bulk Terminal(PIBTL)

16,382,803

▲ 0.14

Sui North Gas / Apr 25

Sui Northern Gas Pipelines Limited(SNGP)

13,338,455

▲ 0.33

Secure Logistics / Apr 25

Secure Logistics Group Limited(SLGL)

12,723,116

▲ 1.13

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Past 3 Days

NJLI Sarmaya Growth Fund Rates

Pakistan misses wheat production target

Aurangzeb showcases economic reforms, secures global support

Pakistan, India exchange gunfire for 2nd day as ties plummet after attack

SBP injects massive Rs11.85 trillion into banking system for up to 14 days

Trade tensions to affect Pakistan more in region: IMF

Gwadar Port: SRO issued to allow potassium sulphate export

‘Rs1.6trn to be saved’: NEPRA says to discontinue dollar-based indexations for four power plants

Pakistan open to ‘neutral, transparent’ probe into Pahalgam attack: PM Shehbaz

NJLI Sarmaya Growth Fund Rates

Pakistan misses wheat production target

China, KSA, UAE briefed about economy

‘Rs1.6trn to be saved’: NEPRA says to discontinue dollar-based indexations for four power plants

All categories covered: FBR extends new set of rules for e-invoicing

Good Bricks factory officially opens in Pakistan

Worldcall Telecom Limited

US condemns attack in Pahalgam, says not taking a position on IIOJK

UN urges Pakistan, India to have ‘maximum restraint’ after Pahalgam attack

Good Bricks factory officially opens in Pakistan

NJLI Sarmaya Growth Fund Rates

‘India can’t scrap Indus Waters Treaty unilaterally’

Pakistan misses wheat production target

Highest income groups be taxed at higher effective rates: WB

Gold prices remain stable in Pakistan

Property transfer: Cabinet will abolish 3-7% FED soon

E-invoices integration: FBR sets May 1 deadline for corporate entities

‘Rs1.6trn to be saved’: NEPRA says to discontinue dollar-based indexations for four power plants

Currency	Rate
USD PKR Interbank Selling / Apr 25	281.17
USD PKR Interbank Buying / Apr 25	280.97
USD to Japanese Yen / Apr 25	143.67
USD to Swiss Franc / Apr 25	0.83
Pound Sterling to USD / Apr 25	1.33
Euro to USD / Apr 25	1.14
UK LIBOR % / Apr 24	4.96

Stock	Volume
S&P 500 / Apr 25	5,525.21
India Sensex / Apr 25	79,212.53
Tokyo Nikkei / Apr 25	35,705.74
Nasdaq / Apr 25	17,382.94
Hang Seng / Apr 25	21,980.74
FTSE 100 / Apr 25	8,415.25
Dow Jones / Apr 25	40,113.50
Germany DAX 30 / Apr 25	22,242.45
France CAC40 / Apr 25	7,536.26

Item	Value
Crude Oil USD/Barrel / Apr 25	63.17
Karachi Cotton PKR/37.32 KG / Apr 25	16,985
Gold 10 Grams PKR / Apr 25	298,950
Gold Spot USD/Ounce / Apr 25	3,327.60
Cotton US¢/pound / Apr 25	68.80
Petrol/Litre / Apr 27	254.63
Diesel/Litre / Apr 27	258.64

Stock	Price
First Capital Equities / Apr 25 First Capital Equities Limited(FCEL)	4.92 ▲ 0.96 (24.24%)
PICIC Ins.Ltd. / Apr 25 PICIC Insurance Limited(PIL)	3.14 ▲ 0.5 (18.94%)
Dewan Mushtaq / Apr 25 Dewan Mushtaq Textile Mills Limited(DMTM)	7.99 ▲ 1 (14.31%)
Pak. P.V.C. / Apr 25 Pakistan PVC Limited(PPVC)	8.26 ▲ 1 (13.77%)
J.K.Spinning / Apr 25 J.K. Spinning Mills Limited(JKSM)	61.90 ▲ 5.63 (10.01%)
At-Tahur Ltd. / Apr 25 At-Tahur Limited(PREMA)	86.74 ▲ 7.89 (10.01%)
Shezan Inter. / Apr 25 Shezan International Limited(SHEZ)	203.03 ▲ 18.46 (10%)
Sunrays Textile / Apr 25 Sunrays Textile Mills Limited(SUTM)	156.38 ▲ 14.22 (10%)
PIA Holding Co.B / Apr 25 PIA Holding Company Limited B(PIAHCLB)	3,282.29 ▲ 298.39 (10%)
S.S.Oil / Apr 25 S.S.Oil Mills Limited(SSOM)	357.05 ▲ 32.46 (10%)

Stock	Price
Engro Powergen / Apr 25 Engro Powergen Qadirpur Limited(EPQL)	28.71 ▼ -10.13 (-26.08%)
Ghani Chemworld / Apr 25 Ghani Chemworld Limited(GCWL)	8 ▼ -1 (-11.11%)
Samba Bank / Apr 25 Samba Bank Limited(SBL)	8.01 ▼ -0.99 (-11%)
Arpak Int. / Apr 25 Arpak International Investments Ltd.(ARPAK)	56.66 ▼ -6.29 (-9.99%)
Blue-Ex Ltd / Apr 25 Blue-Ex Limited (GEM)(GEMBLUEX)	47.38 ▼ -5.26 (-9.99%)
Saif Power Ltd. / Apr 25 Saif Power Limited(SPWL)	12.31 ▼ -1.3 (-9.55%)
Shaheen Ins. / Apr 25 Shaheen Insurance Company Limited(SHNI)	5.25 ▼ -0.46 (-8.06%)
Equity Modaraba / Apr 25 First Equity Modaraba(FEM)	2.75 ▼ -0.24 (-8.03%)
GlaxoSmithKline / Apr 25 GlaxoSmithKline Pakistan Limited(GLAXO)	409.57 ▼ -34.89 (-7.85%)
AKD Hospitality / Apr 25 AKD Hospitality Limited(AKDHL)	136.65 ▼ -10.81 (-7.33%)

Stock	Volume
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	22,789,497 ▼ -0.02
Power Cement / Apr 25 Power Cement Limited(POWER)	21,965,614 ▼ -0.17
Sui South Gas / Apr 25 Sui Southern Gas Company Limited(SSGC)	21,567,163 ▼ -0.56
B.O.Punjab / Apr 25 The Bank of Punjab(BOP)	19,825,526 ▼ -0.08
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	17,030,953 ▼ -0.04
Aisha Steel Mill / Apr 25 Aisha Steel Mills Limited(ASL)	16,751,796 ▲ 0.59
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	16,717,262 ▼ -0.17
Pak Int.Bulk / Apr 25 Pakistan International Bulk Terminal(PIBTL)	16,382,803 ▲ 0.14
Sui North Gas / Apr 25 Sui Northern Gas Pipelines Limited(SNGP)	13,338,455 ▲ 0.33
Secure Logistics / Apr 25 Secure Logistics Group Limited(SLGL)	12,723,116 ▲ 1.13