News Archives for Print - 2019-06-14

Heatwave to persist as sea breeze may cut off today

The heat-wave likely to continue across Sindh's coastal areas, including this metropolis in the next 48 hours due to the cyclone 'Vayu' passing close to Pakistan maritime radius, the Met Office said on Thursday. The sea breeze is likely to remain cut-off

Published 14 Jun, 2019 12:00am

Cotton

Commission to probe Rs 24 trillion loans: chairman to be appointed next week: Awan

The government will appoint chairman of high-powered commission announced by Prime Minister Imran Khan on next week to probe as to how the governments of Pakistan People''s Party (PPP) and Pakistan Muslim League-Nawaz (PML-N) took Rs 24 trillion loans dur

Published 14 Jun, 2019 12:00am

Exchange

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Thursday (June 13, 2019).

Published 14 Jun, 2019 12:00am

A new type of fiscal adjustment

It is not an easy task to discern the nature of fiscal adjustment inherent in the just announced budget unless we examine it within the context of debt dynamics that the country is facing and how they are addressed in the budget.

Published 14 Jun, 2019 12:00am

Lahore Paper Market Rates

Paper market rates in rupees on Thursday (June 13, 2019).

Published 14 Jun, 2019 12:00am

A new type of fiscal adjustment

It is not an easy task to discern the nature of fiscal adjustment inherent in the just announced budget unless we examine it within the context of debt dynamics that the country is facing and how they are addressed in the budget.

Published 14 Jun, 2019 12:00am

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (June 13, 2019)

Published 14 Jun, 2019 12:00am

PSDP releases: Budget documents contain glaring discrepancies

The budget documents released on 11 May give total releases under the Public Sector Development Programme as Rs 500 billion (Rs 1.2 trillion minus Rs 700 billion provincial PSDPs, however the status of releases as on 31 May 2019 on the Ministry of Plannin

Published 14 Jun, 2019 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (June 13, 2019).

Published 14 Jun, 2019 12:00am

PSDP releases: Budget documents contain glaring discrepancies

The budget documents released on 11 May give total releases under the Public Sector Development Programme as Rs 500 billion (Rs 1.2 trillion minus Rs 700 billion provincial PSDPs, however the status of releases as on 31 May 2019 on the Ministry of Plannin

Published 14 Jun, 2019 12:00am

Exchange

LME official prices

The following were Wednesday official prices.

Published 14 Jun, 2019 12:00am

PSDP releases: Budget documents contain glaring discrepancies

The budget documents released on 11 May give total releases under the Public Sector Development Programme as Rs 500 billion (Rs 1.2 trillion minus Rs 700 billion provincial PSDPs, however the status of releases as on 31 May 2019 on the Ministry of Plannin

Published 14 Jun, 2019 12:00am

Exchange

LME official prices

The following were Wednesday official prices.

Published 14 Jun, 2019 12:00am

SJC to take up references against judges today

Supreme Judicial Council (SJC) will meet on Friday (today) to take up references against Justice Qazi Faez Isa and Justice K.K. Agha for allegedly not declaring their properties abroad and failing to mention them in his wealth statements. Lahore-based law

Published 14 Jun, 2019 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (June 13, 2019).

Published 14 Jun, 2019 12:00am

SJC to take up references against judges today

Supreme Judicial Council (SJC) will meet on Friday (today) to take up references against Justice Qazi Faez Isa and Justice K.K. Agha for allegedly not declaring their properties abroad and failing to mention them in his wealth statements. Lahore-based law

Published 14 Jun, 2019 12:00am

The Weather

The weather report on Thursday (June 13, 2019) and the forecast for Friday (June 14, 2019).

Published 14 Jun, 2019 12:00am

PM meets Putin

Prime Minister Imran Khan on Thursday had an 'informal' talk with Russian President Vladmir Putin after reaching Bishkek, Kyrgyzstan to represent Pakistan at the 19th Meeting of the Council of the Heads of State of the Shanghai Cooperation Organisation, a

Published 14 Jun, 2019 12:00am

PM meets Putin

Prime Minister Imran Khan on Thursday had an 'informal' talk with Russian President Vladmir Putin after reaching Bishkek, Kyrgyzstan to represent Pakistan at the 19th Meeting of the Council of the Heads of State of the Shanghai Cooperation Organisation, a

Published 14 Jun, 2019 12:00am

President removes FTO

President Arif Alvi on Thursday removed Federal Tax Ombudsman (FTO) Mushtaq Ahmad Sukhera from his position. In this regard, Ministry of Law and Justice has issued a notification here on Thursday. According to the notification, in pursuance of President S

Published 14 Jun, 2019 12:00am

President removes FTO

President Arif Alvi on Thursday removed Federal Tax Ombudsman (FTO) Mushtaq Ahmad Sukhera from his position. In this regard, Ministry of Law and Justice has issued a notification here on Thursday. According to the notification, in pursuance of President S

Published 14 Jun, 2019 12:00am

President removes FTO

President Arif Alvi on Thursday removed Federal Tax Ombudsman (FTO) Mushtaq Ahmad Sukhera from his position. In this regard, Ministry of Law and Justice has issued a notification here on Thursday. According to the notification, in pursuance of President S

Published 14 Jun, 2019 12:00am

PHC suspends appointment of 5 advisers, SAs to CM

The Peshawar High Court (PHC) Thursday suspended the appointment of the five advisers and special assistants to the chief minister of Khyber Pakhtunkhwa. Justice Ikramullah Khan announced the decision during hearing of a writ petition filed by Awami Natio

Published 14 Jun, 2019 12:00am

PM commission: MoC voluntarily offers record of debts: Murad

Federal Minister for Communications Murad Saeed Thursday announced to volunteer record of all the debts taken under the division before the Prime Minister Accountability Commission. Talking to media at a presser, he said the information to be submitted be

Published 14 Jun, 2019 12:00am

PM commission: MoC voluntarily offers record of debts: Murad

Federal Minister for Communications Murad Saeed Thursday announced to volunteer record of all the debts taken under the division before the Prime Minister Accountability Commission. Talking to media at a presser, he said the information to be submitted be

Published 14 Jun, 2019 12:00am

PM commission: MoC voluntarily offers record of debts: Murad

Federal Minister for Communications Murad Saeed Thursday announced to volunteer record of all the debts taken under the division before the Prime Minister Accountability Commission. Talking to media at a presser, he said the information to be submitted be

Published 14 Jun, 2019 12:00am

Punjab budget today

With focus on social sector uplift and development of neglected areas of the province, the PTI-led Punjab government is presenting its maiden budget for the year 2019-20 on Friday (today). Punjab finance minister Hashim Jawan Bakht will present the budget

Published 14 Jun, 2019 12:00am

Punjab budget today

With focus on social sector uplift and development of neglected areas of the province, the PTI-led Punjab government is presenting its maiden budget for the year 2019-20 on Friday (today). Punjab finance minister Hashim Jawan Bakht will present the budget

Published 14 Jun, 2019 12:00am

Punjab budget today

With focus on social sector uplift and development of neglected areas of the province, the PTI-led Punjab government is presenting its maiden budget for the year 2019-20 on Friday (today). Punjab finance minister Hashim Jawan Bakht will present the budget

Published 14 Jun, 2019 12:00am

Sindh government doesn't have solution to any problem: SC judge

Justice Gulzar Ahmed chided the Sindh government over the lack of progress in the Amal Umer case. He was hearing the case on Thursday.

Published 14 Jun, 2019 12:00am

Sindh government doesn't have solution to any problem: SC judge

Justice Gulzar Ahmed chided the Sindh government over the lack of progress in the Amal Umer case. He was hearing the case on Thursday.

Published 14 Jun, 2019 12:00am

OLMT project: SC registrar asked to return bank guarantee

The apex court on Thursday ordered SC Registrar to return bank guarantee to the construction companies after Punjab Additional Advocate General said that civil work on Orange Line Metro Train has been completed. The Court on the last hearing had asked thr

Published 14 Jun, 2019 12:00am

OLMT project: SC registrar asked to return bank guarantee

The apex court on Thursday ordered SC Registrar to return bank guarantee to the construction companies after Punjab Additional Advocate General said that civil work on Orange Line Metro Train has been completed. The Court on the last hearing had asked thr

Published 14 Jun, 2019 12:00am

OLMT project: SC registrar asked to return bank guarantee

The apex court on Thursday ordered SC Registrar to return bank guarantee to the construction companies after Punjab Additional Advocate General said that civil work on Orange Line Metro Train has been completed. The Court on the last hearing had asked thr

Published 14 Jun, 2019 12:00am

SC directs SBP to deposit dams' fund amount in NBP

The Supreme Court on Thursday directed the State Bank of Pakistan (SBP) to deposit the amount collected for the construction of Diamer Basha and Mohmand Dams in National Bank of Pakistan (NBP) for an auction. A five-member larger bench of the apex court h

Published 14 Jun, 2019 12:00am

SC directs SBP to deposit dams' fund amount in NBP

The Supreme Court on Thursday directed the State Bank of Pakistan (SBP) to deposit the amount collected for the construction of Diamer Basha and Mohmand Dams in National Bank of Pakistan (NBP) for an auction. A five-member larger bench of the apex court h

Published 14 Jun, 2019 12:00am

SC directs SBP to deposit dams'' fund amount in NBP

The Supreme Court on Thursday directed the State Bank of Pakistan (SBP) to deposit the amount collected for the construction of Diamer Basha and Mohmand Dams in National Bank of Pakistan (NBP) for an auction. A five-member larger bench of the apex court h

Published 14 Jun, 2019 12:00am

Exchange

Israel strikes Gaza after first rocket since early May

Israeli warplanes bombed bunkers at a Hamas base in Gaza early Thursday following the first rocket fire from the territory since early May, the military said. Israeli aircraft targeted "underground infrastructure" at the base in the southern Gaza Strip, i

Published 14 Jun, 2019 12:00am

Exchange

Israel strikes Gaza after first rocket since early May

Israeli warplanes bombed bunkers at a Hamas base in Gaza early Thursday following the first rocket fire from the territory since early May, the military said. Israeli aircraft targeted "underground infrastructure" at the base in the southern Gaza Strip, i

Published 14 Jun, 2019 12:00am

Financing projection for five years: $9.82 billion inflows, $6.81 billion outflows expected under CPEC

The Ministry of Planning, Development and Reform gave financing projection of $ 9.82 billion inflows and $6.81 billion outflows during next five financial years, ie, 2019-23 under China Pakistan Economic Corridor (CPEC). According to documents and briefin

Published 14 Jun, 2019 12:00am

Financing projection for five years: $9.82 billion inflows, $6.81 billion outflows expected under CPEC

The Ministry of Planning, Development and Reform gave financing projection of $ 9.82 billion inflows and $6.81 billion outflows during next five financial years, ie, 2019-23 under China Pakistan Economic Corridor (CPEC). According to documents and briefin

Published 14 Jun, 2019 12:00am

Financing projection for five years: $9.82 billion inflows, $6.81 billion outflows expected under CPEC

The Ministry of Planning, Development and Reform gave financing projection of $ 9.82 billion inflows and $6.81 billion outflows during next five financial years, ie, 2019-23 under China Pakistan Economic Corridor (CPEC). According to documents and briefin

Published 14 Jun, 2019 12:00am

AGP backs current water apportionment formula of Irsa

The Attorney General for Pakistan has supported the current water apportionment formula adopted by Indus Water River System Authority (Irsa) keeping in view available water. These recommendations were prepared by the Attorney General, after due consultati

Published 14 Jun, 2019 12:00am

AGP backs current water apportionment formula of Irsa

The Attorney General for Pakistan has supported the current water apportionment formula adopted by Indus Water River System Authority (Irsa) keeping in view available water. These recommendations were prepared by the Attorney General, after due consultati

Published 14 Jun, 2019 12:00am

AGP backs current water apportionment formula of Irsa

The Attorney General for Pakistan has supported the current water apportionment formula adopted by Indus Water River System Authority (Irsa) keeping in view available water. These recommendations were prepared by the Attorney General, after due consultati

Published 14 Jun, 2019 12:00am

Exchange

Post-budget press briefing

The post-budget press conference was led by Advisor to the Prime Minister on Finance Dr Hafeez Sheikh who, as has become the norm, was flanked by Hammad Azhar, Minister of State for Revenue, Umer Ayub, Minister of Energy, Khusro Bakhtiar, Minister for Pla

Updated 14 Jun, 2019 06:26am

Too many cooks...

In an incredible move, the Punjab government has nominated as many as 40 people as its spokespersons, ostensibly for image building of the ruling party. The number is ridiculously high. According to a notification issued by provincial Information Minister

Updated 14 Jun, 2019 06:36am

Of ritualistic budgets, meaningless debates

Pakistan Tehreek-i-Insaf (PTI) that was formed to provide socio-economic justice to all and work for social mobility of less-privileged, in its first budget for fiscal year 2019-20, proved to be an utter disappointment on this front. Much has been written

Published 14 Jun, 2019 12:00am

Increasing demand of electricity

Electricity is one of the major requirements of a nation for economic development as it brings investment opportunities for the country. In Pakistan the nation has been facing power shortage for a long time, and with years passing and rapid increase in ur

Published 14 Jun, 2019 12:00am

Seeking shelter from trade war, fund managers bet on China's consumers

China may be an odd choice for investors seeking shelter from a Sino-U.S. trade war. Yet, money managers in Asia are pouring funds into Chinese stocks as the long-term promise of a growing middle class trumps more immediate fears about tariffs.

Published 14 Jun, 2019 12:00am

The plight of Kashmiris

The landslide victory has thrown up an 'opportunity' for the BJP government to do away with Article 370 of India's constitution that accords special status to occupied Jammu and Kashmir. In one of his 2019 election rallies, BJP chief Amit Shah had said th

Published 14 Jun, 2019 12:00am

Cotton

Ban on wheat export likely in wake of less production

The government may impose ban on export of wheat following significant decrease in production of the commodity in the country during Rabi seasoon 2018-19 due to heavy rains "Ministry of National Food Security and Research (MNS&R) has reservation over whea

Published 14 Jun, 2019 12:00am

Heated debate on Finance Bill 2019 likely in Senate today

A fiery session of the upper house of the parliament is expected on Friday (today) as Senate is scheduled to start debate on Finance Bill 2019, a copy of which was already laid in the house on June 11. Amidst opposition's hue and cry, Chairman Senate Sadi

Published 14 Jun, 2019 12:00am

Heated debate on Finance Bill 2019 likely in Senate today

A fiery session of the upper house of the parliament is expected on Friday (today) as Senate is scheduled to start debate on Finance Bill 2019, a copy of which was already laid in the house on June 11. Amidst opposition's hue and cry, Chairman Senate Sadi

Published 14 Jun, 2019 12:00am

Petition against PTM: Pemra chairman asked to appear before court

The Islamabad High Court (IHC) Thursday summoned Director General (DG) PEMRA to appear before the court in person in response to a petition filed against 'anti-state' and 'anti-army' rhetoric of Pashtun Tahaffuz Movement (PTM).

Published 14 Jun, 2019 12:00am

FBR advises people to declare undisclosed assets, expenditures before June 30

Federal Board of Revenue (FBR) reiterates that the closing date for assets declaration scheme is 30th June, 2019. Therefore, it is advised to the persons intending to avail this scheme to ensure that the following reliable data relating to undeclared and

Published 14 Jun, 2019 12:00am

Zardari shifted to RIC for medical checkup

Former President Asif Ali Zardari who is currently in custody of National Accountability Bureau (NAB) was on Thursday taken to Rawalpindi Institute of Cardiology (RIC) for medical check up. Source said that NAB official shifted him to RIC after his condit

Published 14 Jun, 2019 12:00am

Subsidy claims: FMPAC shocked over non-allocation of funds

Fertilizer industry has expressed dismay at the federal government for not allocating any amount in budget 2019-20 to clear pending subsidy claims of over Rs 20 billion against supply of urea and DAP.

Published 14 Jun, 2019 12:00am

ECP to hear plea seeking Maryam's disqualification on June 17

Election Commission of Pakistan (ECP) will hear an important petition moved by the lawmakers from the ruling party Pakistan Tehreek-e-Insaf (PTI) seeking disqualification of Maryam Nawaz from the position of Vice President Pakistan Muslim League Nawaz (PM

Published 14 Jun, 2019 12:00am

PPP forms body over BNP-M's offer of joining opposition

Pakistan Peoples' Party (PPP) Chairman Bilawal Bhutto Zardari on Thursday formed a four-member committee to talk with Balochistan National Party-Mengal over the BNP-M's offer to join the opposition.

Published 14 Jun, 2019 12:00am

Finance Bill 2019-20: KCCI urges FBR to withdraw section 108AB

President of Karachi Chamber of Commerce and Industry (KCCI) Junaid Esmail Makda has urged Federal Board of Revenue (FBR) to withdraw the provisions under 108AB of the Finance Bill 2019-20 that has triggered severe anxiety amongst the business and industr

Published 14 Jun, 2019 12:00am

AMTF demands raise in health sector's budget

Executive Director of Afzaal Memorial Thalassaemia Foundation (AMTF) and CSR activist for eradication of thalassaemia from Pakistan, Ateequr Rehman has urged the government to increase allocation for health in the financial budget.

Published 14 Jun, 2019 12:00am

FPCCI urges government to implement FRDL Act 2005

President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Engr Daroo Khan Achakzai has urged the government to take all appropriate measures for strict implementation and compliance of Pakistan Fiscal Responsibility and Debt Limit

Published 14 Jun, 2019 12:00am

US Navy ship Mason's visit ends

Visit of US Navy Ship MASON to Pakistan concluded on Monday. Visit of USS MASON, an 'Arleigh Burke Class Destroyer' of US Navy to Karachi is a manifestation of good bilateral relations between both the navies. Upon arrival, USS MASON was received with tra

Published 14 Jun, 2019 12:00am

SBP reserves down by $55 million to $7.807 billion

The total liquid foreign reserves held by State Bank of Pakistan (SBP) have decreased by $55 million to $7.807 billion during the week ending June 3, 2019 due to payments on accounts of external debt servicing. According to data issued by SBP on Thursday,

Published 14 Jun, 2019 12:00am

'Italy to Pakistan' conference held

The Consulate of Italy in Karachi under the patronage of Embassy of Italy in Islamabad along with Italian Trade Agency and Italian Development Committee organized the first single country multi-sector conference titled 'Italy to Pakistan.'

Published 14 Jun, 2019 12:00am

Mango festival opens in Mirpurkhas today

The annual three-day National Mango and Summer Fruit Festival is all set to open today (Friday) here in Mirpurkhas.The festival, to be organised at Shaheed Benazir Bhutto Mango Exhibition Hall, Mirpurkhas, is expected to display mangos from more than 400

Published 14 Jun, 2019 12:00am

NFC award: PM urged to provide Karachi, Hyderabad's share directly to local governments

Mayor Karachi Waseem Akhtar on Thursday urged the Prime Minister Imran Khan to provide National Finance Commission (NFC) Award share of Karachi and Hyderabad directly to the local governments instead of the Sindh Government.

Published 14 Jun, 2019 12:00am

'World Blood Donour Day' marked

Countries around the world celebrated World Blood Donour Day (WBDD) on Friday to raise awareness about the need for safe blood and to thank donors for their life-saving gifts. In Pakistan, national health organisations marked the day by holding campaigns

Published 14 Jun, 2019 12:00am

Power failures amid searing heat make citizens' lives miserable

Instead of ensuring uninterrupted power supply to mitigate the intense heat-wave effects, K-Electric has begun undeclared and prolonged power load-shedding in different parts of the metropolis. "Rising temperature and reduction in gas pressure has affecte

Published 14 Jun, 2019 12:00am

Twitter releases new trove of banned state propaganda

Social media giant Twitter on Thursday released a new archive of state-backed propaganda from accounts it has banned based in Iran, Russia, Spain and Venezuela. The US platform said it had taken the material off its network, but would make it available to

Published 14 Jun, 2019 12:00am

Libor

Rs 52.73 billion budgeted from 3G licences for FY-20

The government has budgeted Rs 52.73 billion from 3G licences under the head of non-tax revenue for the next fiscal year 2019-20 against Rs 6.854 billion budgeted for the current fiscal year which was later revised to Rs 66.620 billion.

Published 14 Jun, 2019 12:00am

Libor

Rs 52.73 billion budgeted from 3G licences for FY-20

The government has budgeted Rs 52.73 billion from 3G licences under the head of non-tax revenue for the next fiscal year 2019-20 against Rs 6.854 billion budgeted for the current fiscal year which was later revised to Rs 66.620 billion.

Published 14 Jun, 2019 12:00am

Color & Chem expo to open on June 15

Pakistan's largest and exclusive exhibition of dyes, chemicals & allied industry, 5th Color & Chem Expo 2019 will be opened on June 15, 2019 at Lahore International Expo Centre. It will also have a concurrent event Digital Textile Printing Industry Expo.

Published 14 Jun, 2019 12:00am

Exchange

US MIDDAY: gold gains

Gold prices climbed to a week's high on Thursday, supported by expectations for an interest rate cut by the US Federal Reserve following soft inflation data, although an uptick in equities capped gains. Spot gold rose 0.5% to $1,340.13 per ounce as of 1:3

Published 14 Jun, 2019 12:00am

US MIDDAY: corn near three-year high

Chicago corn extended a rally to approach a three-year high early on Thursday as forecasts of more rain in the US Midwest threatened to exacerbate planting delays that have put a question mark over this year's harvest. Soyabeans rose for a fourth consecut

Published 14 Jun, 2019 12:00am

Exchange

Gold rises in Europe

Gold prices edged up to the week's high on Thursday, supported by expectations for an interest rate cut by the US Federal Reserve following soft inflation data, although an uptick in equities capped gains. Spot gold rose 0.2% to $1,335.78 per ounce as of

Published 14 Jun, 2019 12:00am

Exchange

Gold surges in Asia

Gold prices rose to a week high on Thursday, supported by expectations of an interest rate cut by the US Federal Reserve following soft inflation data, which also weighed on the dollar. Spot gold was up 0.3% at $1,336.82 per ounce at 0950 GMT. Prices touc

Published 14 Jun, 2019 12:00am

Exchange

Gold climbs in New York

Gold prices gained momentum on Wednesday as the dollar dipped on speculation about the US central bank cutting interest rates this year amid global economic growth concerns. Spot gold was trading 0.5% higher at $1,332.77 per ounce as of 1:32 p.m. EDT (173

Published 14 Jun, 2019 12:00am

Exchange

Cocoa falls, sugar touches 1-1/2 months high

Cocoa futures on ICE fell on Thursday, a day after hitting 11-month highs technically close to overbought territory, while sugar rose to a more than 1-1/2 month high. September New York cocoa settled down $31, or 1.2%, at $2,510 per tonne. In the previous

Published 14 Jun, 2019 12:00am

Exchange

Palm oil gains over two percent

Malaysian palm oil futures jumped more than 2% on Thursday, supported by overnight gains in US soyaoil on the Chicago Board of Trade (CBOT). The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange closed up 2.1% at 2

Published 14 Jun, 2019 12:00am

Exchange

Tokyo rubber falls

Tokyo Commodity Exchange (TOCOM) futures fell on Thursday, tracking weak Shanghai futures, even as oil prices surged after a suspected tanker attack near Iran. The benchmark TOCOM rubber contract for November delivery finished 0.3 yen ($0.0028) lower at 2

Published 14 Jun, 2019 12:00am

Exchange

Oil prices rise over two percent after tanker attacks near Iran

Oil prices settled 2.2% higher on Thursday after attacks on two oil tankers in the Gulf of Oman stoked concerns of reduced crude trade flows through one of the world's key shipping routes. The attacks near Iran and the Strait of Hormuz reignited worries a

Published 14 Jun, 2019 12:00am

Exchange

Copper recovers on rising prospects of Fed rate cuts

Copper prices recovered on Thursday after weak US data reinforced prospects of rate cuts from the US central bank, but worries about demand in top consumers China and the United States capped gains. Benchmark copper on the London Metal Exchange ended up 0

Published 14 Jun, 2019 12:00am

Cotton

Cotton up on rallying grains, rainy weather

Cotton prices rose for a second straight session on Thursday, following a rise in the grains market, while rain in the cotton-planting belt continued to support the natural fibre. The most active cotton contract on ICE Futures US, the third-month December

Published 14 Jun, 2019 12:00am

China blasts EU's 'irresponsible' remarks on Hong Kong

China on Thursday hit out at the European Union for making "irresponsible and erroneous" remarks about Hong Kong's controversial extradition bill, which has sparked violent protests in the semi-autonomous city.

Published 14 Jun, 2019 12:00am

Suicide bomber kills 11 in Afghanistan

A suicide bomber targeted a police checkpoint Thursday in the eastern Afghan city of Jalalabad, killing at least 11 people and wounding 13 others, an official said. The Afghan arm of the Islamic State group claimed responsibility for the attack, which was

Published 14 Jun, 2019 12:00am

Kerb

Facebook says CEO did not ignore personal data issues

Facebook CEO Mark Zuckerberg did not knowingly violate an agreement with the regulator supervising the company's management of users' personal data, the social media giant said Wednesday as it addressed an issue that has been under federal investigation f

Published 14 Jun, 2019 12:00am

Chinese vice premier urges more support for economy

Chinese regulators should step up support for the economy and keep ample liquidity in the financial system, Vice Premier Liu He said on Thursday, suggesting Beijing would soon unveil more policies to bolster growth amid rising US trade pressure.

Published 14 Jun, 2019 12:00am

Activities at Karachi and Qasim Ports

The Karachi Port handled 106,567 tonnes of cargo comprising 79,779 tonnes of import cargo and 26,788 tonnes of export cargo including 9,623 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargos of 7

Published 14 Jun, 2019 12:00am

Cotton

Seed cotton prices fall slightly

Prices of seed cotton dropped slightly on the cotton market on Thursday in the process of thin trading activity, dealers said. The official spot rate was unchanged at Rs 8800, they added. Seed cotton per 40kg from Lower Sindh was available at Rs 4000-4200

Published 14 Jun, 2019 12:00am

CBOT wheat futures jump

Chicago Board of Trade (CBOT) wheat futures advanced on Wednesday on spillover support from gains in the corn and soybean markets, traders said. CBOT July soft red winter wheat jumped 8-1/4 cents, or 1.6%, to $5.26-1/4 a bushel. The contract set its highe

Published 14 Jun, 2019 12:00am

CBOT soyabean futures climb

Chicago Board of Trade (CBOT) soyabean futures rallied to their highest prices in more than a week on Wednesday as US rains threatened further days to plantings that are already behind schedule. The benchmark CBOT July soyabean futures contract settled up

Published 14 Jun, 2019 12:00am

US weekly jobless claims rise; imported inflation subdued

The number of Americans filing applications for unemployment benefits unexpectedly rose last week, which could add to concerns that the labour market was losing steam after job growth slowed sharply in May.

Published 14 Jun, 2019 12:00am

Tesco logs subdued quarterly sales

Britain's biggest retailer Tesco on Thursday posted subdued sales for the first quarter of its financial year, citing poor consumer sentiment in its Brexit-facing home market. Sales rose 0.4 percent to £14 billion ($18 billion, 16 billion euros) in the th

Published 14 Jun, 2019 12:00am

Tesco logs subdued quarterly sales

Britain's biggest retailer Tesco on Thursday posted subdued sales for the first quarter of its financial year, citing poor consumer sentiment in its Brexit-facing home market. Sales rose 0.4 percent to £14 billion ($18 billion, 16 billion euros) in the th

Published 14 Jun, 2019 12:00am

Australia approves vast Adani coal mine

Australia approved the construction of a controversial coal mine near the Great Barrier Reef on Thursday, paving the way for a dramatic increase in coal exports. Drawing a line under a decade of rancorous debate, Queensland's government said it had approv

Published 14 Jun, 2019 12:00am

UK minister signs US bid to extradite Assange

Britain's interior minister said Thursday he had certified the US request to extradite WikiLeaks founder Julian Assange on espionage grounds in a procedural move that opens the way for a court battle.

Published 14 Jun, 2019 12:00am

Brexit figurehead Johnson tops first-round vote for British PM

Brexit figurehead Boris Johnson came top by a landslide in a first-round vote on Thursday for a leader to replace British Prime Minister Theresa May as the deadline for leaving the EU looms.

Published 14 Jun, 2019 12:00am

Currency

EU ministers collide over timid eurozone reforms

EU finance ministers wrangled over watered-down economic reforms Thursday with France hoping the eurozone budget it has long been pushing for was finally within reach. Almost a decade after the debt crisis, French President Emmanuel Macron wants his partn

Published 14 Jun, 2019 12:00am

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

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