News Archives for Print - 2019-06-17

Iran hints US could be behind 'suspicious' tanker attacks

Iran's parliament speaker hinted Sunday that Washington could be behind the "suspicious" tanker attacks in the Gulf of Oman to pile pressure on Tehran, official news agency IRNA reported. "The suspicious actions against the tankers... seem to complement t

Published 17 Jun, 2019 12:00am

Iran hints US could be behind 'suspicious' tanker attacks

Iran's parliament speaker hinted Sunday that Washington could be behind the "suspicious" tanker attacks in the Gulf of Oman to pile pressure on Tehran, official news agency IRNA reported. "The suspicious actions against the tankers... seem to complement t

Published 17 Jun, 2019 12:00am

Lieutenant General Faiz Hamid appointed DG ISI

Lieutenant General Aamir Abbasi has been appointed as Quarter Master General (QMG) Pakistan Army, Lieutenant General Moazzam Ejaz appointed as Engineer in Chief, Lieutenant General Syed Asim Munir Ahmed Shah appointed as Corps Commander, Gujra-nwala, Lieu

Published 17 Jun, 2019 12:00am

Lieutenant General Faiz Hamid appointed DG ISI

Lieutenant General Aamir Abbasi has been appointed as Quarter Master General (QMG) Pakistan Army, Lieutenant General Moazzam Ejaz appointed as Engineer in Chief, Lieutenant General Syed Asim Munir Ahmed Shah appointed as Corps Commander, Gujra-nwala, Lieu

Published 17 Jun, 2019 12:00am

CCI meeting postponed

The 41st meeting of Council of Common Interests (CCI), which was scheduled to be held today (Monday) at the Prime Minister's Office, Islamabad at 10:30am, has been postponed, according to a notification issued by Ministry of Inter-Provincial Coordination.

Published 17 Jun, 2019 12:00am

CCI meeting postponed

The 41st meeting of Council of Common Interests (CCI), which was scheduled to be held today (Monday) at the Prime Minister's Office, Islamabad at 10:30am, has been postponed, according to a notification issued by Ministry of Inter-Provincial Coordination.

Published 17 Jun, 2019 12:00am

Exchange

Rupee dips versus dollar

The rupee lost about six percent against the dollar in process of trading activity during the week, ended on June 15, 2019. The rupee dropped around Rs 5.75 versus the dollar for buying at Rs 155.75 and it also lost Rs 6.15 for selling at Rs 156.25, they

Published 17 Jun, 2019 12:00am

Exchange

Rupee dips versus dollar

The rupee lost about six percent against the dollar in process of trading activity during the week, ended on June 15, 2019. The rupee dropped around Rs 5.75 versus the dollar for buying at Rs 155.75 and it also lost Rs 6.15 for selling at Rs 156.25, they

Published 17 Jun, 2019 12:00am

Bilawal vows to block passage of budget

Terming the federal budget for FY 2019-20 an 'economic suicide' and a PTIMF budget, Pakistan People's Party chairman Bilawal Bhutto-Zardari said on Sunday that it is upon the opposition to foil the budget from passing in order to prevent 'economic suicide

Published 17 Jun, 2019 12:00am

Bilawal vows to block passage of budget

Terming the federal budget for FY 2019-20 an 'economic suicide' and a PTIMF budget, Pakistan People's Party chairman Bilawal Bhutto-Zardari said on Sunday that it is upon the opposition to foil the budget from passing in order to prevent 'economic suicide

Published 17 Jun, 2019 12:00am

Government optimistic about budget's passage

Prime Minister's Special Assistant on Information Dr Firdous Ashiq Awan has said the government, with the support of its allies, will not only get the budget approved from the Parliament, but also successfully achieve all the set targets.

Published 17 Jun, 2019 12:00am

Government optimistic about budget's passage

Prime Minister's Special Assistant on Information Dr Firdous Ashiq Awan has said the government, with the support of its allies, will not only get the budget approved from the Parliament, but also successfully achieve all the set targets.

Published 17 Jun, 2019 12:00am

Government optimistic about budget''s passage

Prime Minister''s Special Assistant on Information Dr Firdous Ashiq Awan has said the government, with the support of its allies, will not only get the budget approved from the Parliament, but also successfully achieve all the set targets.

Published 17 Jun, 2019 12:00am

Durrani detention: Sindh Assembly speaker's chamber declared sub-jail

The provincial government has declared Sindh Assembly Speaker Agha Siraj Durrani's chamber at the provincial legislature building a sub-jail to detain him. The PPP leader, who is in judicial custody in an asset beyond means case filed against him by the N

Published 17 Jun, 2019 12:00am

Durrani detention: Sindh Assembly speaker's chamber declared sub-jail

The provincial government has declared Sindh Assembly Speaker Agha Siraj Durrani's chamber at the provincial legislature building a sub-jail to detain him. The PPP leader, who is in judicial custody in an asset beyond means case filed against him by the N

Published 17 Jun, 2019 12:00am

Exchange

Mixed trend witnessed

Pakistan Stock Exchange witnessed mixed trend during the first week after Eid holidays however ended on positive note on the back of healthy buying during last three days of the outgoing week. BRIndex100 gained 16.83 points on week-on-week basis to close

Published 17 Jun, 2019 12:00am

Exchange

Mixed trend witnessed

Pakistan Stock Exchange witnessed mixed trend during the first week after Eid holidays however ended on positive note on the back of healthy buying during last three days of the outgoing week. BRIndex100 gained 16.83 points on week-on-week basis to close

Published 17 Jun, 2019 12:00am

Exchange

Mixed trend witnessed

Pakistan Stock Exchange witnessed mixed trend during the first week after Eid holidays however ended on positive note on the back of healthy buying during last three days of the outgoing week. BRIndex100 gained 16.83 points on week-on-week basis to close

Published 17 Jun, 2019 12:00am

Futures spread down by 921 basis points

The futures spread declined by921bps to negative 5.65 percent on the last day of the outgoing week. Trading activities on the futures counter improved as average daily volumes increased by 36.5 percent to 53.36 million shares. Average daily trading value

Published 17 Jun, 2019 12:00am

Futures spread down by 921 basis points

The futures spread declined by921bps to negative 5.65 percent on the last day of the outgoing week. Trading activities on the futures counter improved as average daily volumes increased by 36.5 percent to 53.36 million shares. Average daily trading value

Published 17 Jun, 2019 12:00am

Massive power outage hits Argentina, Uruguay

Power was slowly being restored on Sunday after a massive outage blacked out Argentina and Uruguay, leaving around 48 million people without electricity, power companies said. The cut, which happened just after 7:00 am (1000 GMT), also affected Paraguay,

Published 17 Jun, 2019 12:00am

ADB issues report on budget assistance

Asian Development Bank (ADB) has stated that the volume of its financial support, once finalized, will be contingent upon the approval of ADB management and its Board of Directors. ADB issued a statement regarding reports on budget assistance to the gover

Published 17 Jun, 2019 12:00am

ADB issues report on budget assistance

Asian Development Bank (ADB) has stated that the volume of its financial support, once finalized, will be contingent upon the approval of ADB management and its Board of Directors. ADB issued a statement regarding reports on budget assistance to the gover

Published 17 Jun, 2019 12:00am

ADB issues report on budget assistance

Asian Development Bank (ADB) has stated that the volume of its financial support, once finalized, will be contingent upon the approval of ADB management and its Board of Directors. ADB issued a statement regarding reports on budget assistance to the gover

Published 17 Jun, 2019 12:00am

ADB issues report on budget assistance

Asian Development Bank (ADB) has stated that the volume of its financial support, once finalized, will be contingent upon the approval of ADB management and its Board of Directors. ADB issued a statement regarding reports on budget assistance to the gover

Published 17 Jun, 2019 12:00am

Current account deficit falls to $7 billion: Hafeez

Adviser to Prime Minister on Finance, Revenue and Economic Affairs Dr Abdul Hafeez Shaikh on Sunday said that due to effective measures taken by the government, current account deficit shrank to $7 billion during past few months. Addressing a post budget

Published 17 Jun, 2019 12:00am

Current account deficit falls to $7 billion: Hafeez

Adviser to Prime Minister on Finance, Revenue and Economic Affairs Dr Abdul Hafeez Shaikh on Sunday said that due to effective measures taken by the government, current account deficit shrank to $7 billion during past few months. Addressing a post budget

Published 17 Jun, 2019 12:00am

Current account deficit falls to $7 billion: Hafeez

Adviser to Prime Minister on Finance, Revenue and Economic Affairs Dr Abdul Hafeez Shaikh on Sunday said that due to effective measures taken by the government, current account deficit shrank to $7 billion during past few months. Addressing a post budget

Published 17 Jun, 2019 12:00am

Settlement of customs duty: taxpayers won't be allowed to apply for ADR mechanism

Taxpayers would not be allowed to apply for Alternative Dispute Resolution (ADR) mechanism for settlement of customs duty related-disputes in cases having larger revenue impact as per Federal Board of Revenue's (FBR) opinion.

Published 17 Jun, 2019 12:00am

Settlement of customs duty: taxpayers won't be allowed to apply for ADR mechanism

Taxpayers would not be allowed to apply for Alternative Dispute Resolution (ADR) mechanism for settlement of customs duty related-disputes in cases having larger revenue impact as per Federal Board of Revenue's (FBR) opinion.

Published 17 Jun, 2019 12:00am

Settlement of customs duty: taxpayers won''t be allowed to apply for ADR mechanism

Taxpayers would not be allowed to apply for Alternative Dispute Resolution (ADR) mechanism for settlement of customs duty related-disputes in cases having larger revenue impact as per Federal Board of Revenue''s (FBR) opinion.

Published 17 Jun, 2019 12:00am

Dar rejects misgivings regarding Euro bonds issued in 2015

Former finance minister Ishaq Dar rebuffed the impression that any illegality or misappropriation took place in issuance of Euro bonds worth $500 million in 2015. In his rejoinder to misgiving regarding bonds' issuance, he said the bonds were issued after

Published 17 Jun, 2019 12:00am

Dar rejects misgivings regarding Euro bonds issued in 2015

Former finance minister Ishaq Dar rebuffed the impression that any illegality or misappropriation took place in issuance of Euro bonds worth $500 million in 2015. In his rejoinder to misgiving regarding bonds' issuance, he said the bonds were issued after

Published 17 Jun, 2019 12:00am

Dar rejects misgivings regarding Euro bonds issued in 2015

Former finance minister Ishaq Dar rebuffed the impression that any illegality or misappropriation took place in issuance of Euro bonds worth $500 million in 2015. In his rejoinder to misgiving regarding bonds'' issuance, he said the bonds were issued afte

Published 17 Jun, 2019 12:00am

Over 12,000 Discos contract employees: PD moves summary to cabinet for regularisation of jobs

Power Division has moved a summary to the federal cabinet for regularization of over 12,000 contract employees of Distribution Companies (Discos), financial implication of which has been calculated at approximately about Rs 2 billion per annum, sources cl

Published 17 Jun, 2019 12:00am

Saudi Arabia committed to Aramco IPO: crown prince

Saudi Arabia remains committed to selling shares in national oil conglomerate Aramco through an initial public offering but only at the right time, Crown Prince Mohammed bin Salman has said. "We are committed to the IPO of Saudi Aramco based on appropriat

Published 17 Jun, 2019 12:00am

Saudi Arabia committed to Aramco IPO: crown prince

Saudi Arabia remains committed to selling shares in national oil conglomerate Aramco through an initial public offering but only at the right time, Crown Prince Mohammed bin Salman has said. "We are committed to the IPO of Saudi Aramco based on appropriat

Published 17 Jun, 2019 12:00am

G20 agrees marine plastic pollution deal

The Group of 20 major economies said they agreed a deal to reduce plastic waste that is choking the seas at a meeting in Japan on Sunday. Under the agreement, G20 member countries committed to reducing plastic waste but gave little detail on how that woul

Published 17 Jun, 2019 12:00am

Exchange

Son of Anwar Majeed among three shifted to Islamabad

The National Accountability Bureau (NAB) on Sunday shifted three suspects to Islamabad to present them before an accountability court that will hear the case. They were arrested in connection with a fake accounts and money laundering case. The NAB arreste

Published 17 Jun, 2019 12:00am

Exchange

Son of Anwar Majeed among three shifted to Islamabad

The National Accountability Bureau (NAB) on Sunday shifted three suspects to Islamabad to present them before an accountability court that will hear the case. They were arrested in connection with a fake accounts and money laundering case. The NAB arreste

Published 17 Jun, 2019 12:00am

Trump in new Twitter attack on London's mayor

US President Donald Trump launched a fresh attack Saturday on London Mayor Sadiq Khan, backing a right-wing British columnist who has been widely accused of Islamophobia and once called migrants "cockroaches." Trump attached his latest denunciation of the

Published 17 Jun, 2019 12:00am

Trump in new Twitter attack on London's mayor

US President Donald Trump launched a fresh attack Saturday on London Mayor Sadiq Khan, backing a right-wing British columnist who has been widely accused of Islamophobia and once called migrants "cockroaches." Trump attached his latest denunciation of the

Published 17 Jun, 2019 12:00am

'Unlawful' deduction: Balochistan government approaches CCI to get back Rs 1.1387 billion

The government of Balochistan (GoB) has approached Council of Common Interests (CCI) to get back the Rs 1.1387 billion "illegally" deducted by the federal government, well informed sources told Business Recorder.

Published 17 Jun, 2019 12:00am

'Unlawful' deduction: Balochistan government approaches CCI to get back Rs 1.1387 billion

The government of Balochistan (GoB) has approached Council of Common Interests (CCI) to get back the Rs 1.1387 billion "illegally" deducted by the federal government, well informed sources told Business Recorder.

Published 17 Jun, 2019 12:00am

''Unlawful'' deduction: Balochistan government approaches CCI to get back Rs 1.1387 billion

The government of Balochistan (GoB) has approached Council of Common Interests (CCI) to get back the Rs 1.1387 billion "illegally" deducted by the federal government, well informed sources told Business Recorder.

Published 17 Jun, 2019 12:00am

From apples to almonds, India hikes tariffs on US goods

India on Sunday imposed higher tariffs on 28 items imported from the US, in retaliation to Washington's recent withdrawal of trade privileges for New Delhi. The increased duties apply to products including almonds, apples and walnuts, the Central Board of

Published 17 Jun, 2019 12:00am

From apples to almonds, India hikes tariffs on US goods

India on Sunday imposed higher tariffs on 28 items imported from the US, in retaliation to Washington's recent withdrawal of trade privileges for New Delhi. The increased duties apply to products including almonds, apples and walnuts, the Central Board of

Published 17 Jun, 2019 12:00am

Hong Kong leader apologises as massive rally chokes city

Hundreds of thousands of protesters choked Hong Kong's streets for a second straight Sunday in a defiant rebuke of a reviled extradition law, piling pressure on the city's embattled pro-Beijing leader who apologised for causing "conflict" but refused to s

Published 17 Jun, 2019 12:00am

Hong Kong leader apologises as massive rally chokes city

Hundreds of thousands of protesters choked Hong Kong's streets for a second straight Sunday in a defiant rebuke of a reviled extradition law, piling pressure on the city's embattled pro-Beijing leader who apologised for causing "conflict" but refused to s

Published 17 Jun, 2019 12:00am

Trump to raise Hong Kong protests with Xi at G20: Pompeo

US President Donald Trump will discuss the mass protests in Hong Kong with his Chinese counterpart Xi Jinping at the upcoming G20 summit, Secretary of State Mike Pompeo said Sunday. "I think we'll get the opportunity to see President Xi in just a couple w

Published 17 Jun, 2019 12:00am

Eligible taxpayers: FBR must ensure prompt issuance of exemption certificates: LHC

Lahore High Court (LHC) has ruled that refund of income tax deposited for delay in issuance of exemption certificates shall be processed expeditiously and exemption certificates shall not be delayed by the FBR field formation.

Published 17 Jun, 2019 12:00am

Eligible taxpayers: FBR must ensure prompt issuance of exemption certificates: LHC

Lahore High Court (LHC) has ruled that refund of income tax deposited for delay in issuance of exemption certificates shall be processed expeditiously and exemption certificates shall not be delayed by the FBR field formation.

Published 17 Jun, 2019 12:00am

Eligible taxpayers: FBR must ensure prompt issuance of exemption certificates: LHC

Lahore High Court (LHC) has ruled that refund of income tax deposited for delay in issuance of exemption certificates shall be processed expeditiously and exemption certificates shall not be delayed by the FBR field formation.

Published 17 Jun, 2019 12:00am

Corruption-tainted Guatemala set to elect new president

Corruption-weary Guatemalans went to the polls Sunday to elect a new president after a tumultuous campaign that saw two leading candidates barred from taking part and the top electoral crimes prosecutor forced to flee the country, fearing for his life. Be

Published 17 Jun, 2019 12:00am

The Punjab budget

The Punjab budget 2019-20 envisages a budget surplus of 233 billion rupees accounting for 55 percent of the total provincial surplus of 423 billion rupees earmarked in the federal budget. While during the tenure of the previous administration, the Centre

Updated 17 Jun, 2019 07:11am

FIA's reluctance to pursue Asghar Khan case

It's been nearly seven years when the Supreme Court delivered its landmark judgment in the famous Asghar Khan case, and yet it remains unimplemented. The verdict was widely welcomed since it exposed a dirty scheme, involving civil and military leaders, ai

Updated 17 Jun, 2019 07:12am

Exchange

Additional thoughts on the budget

Budget for fiscal year 2019-20 was reminiscent of measures favoured by previous finance ministers particularly Ishaq Dar: it fully met the precise prior International Monetary Fund (IMF) condition of achieving a primary deficit of 0.6 percent of Gross Dom

Published 17 Jun, 2019 12:00am

Unite and rule

Divide and rule was the dreaded curse. Historically, the British Empire was blamed for playing the divide and rule strategy to fester, create and sustain conflict in territories they enslaved but lost in freedom struggles especially in the Subcontinent. P

Published 17 Jun, 2019 12:00am

American paradox: Deficit widens even as economy grows

President Donald Trump likes to take credit for the US economy, with historic low unemployment and few signs of rising prices, but his promises that surging growth would pay for massive tax cuts are falling flat. After an initial bounce in 2018 and in the

Published 17 Jun, 2019 12:00am

Don't hike interest rates

Business Recorder op-ed writer Ali Khizar seems to have done a huge favor to country's policymakers by arguing against any further increase in policy rates. Although the dollar-rupee parity has further weakened following the announcement of budget

Published 17 Jun, 2019 12:00am

Value addition can turn pine nuts into a major earning product: study

Value addition, use of proper collection tools and skilled labour can boost the value and turn pine nuts properly known as Chilgoza in the local market into the potential income earning product and provide more benefits to the growers and processors, said

Published 17 Jun, 2019 12:00am

Only 28 cases pending before SJC: SC

For the first time, the Supreme Court has disclosed that Supreme Judicial Council (SJC) disposed of 398 cases and now only 28 cases including two presidential references are pending before it. The apex court in a press statement the other day stated that

Published 17 Jun, 2019 12:00am

JI holds 'Awami march' against price hike, unemployment

Chief of Jamaat-e-Islami has said that the government removed elected Finance Minister Asad Umar and inducted an International Monitoring Fund (IMF) agent in his place and handed over to him the keys of the public exchequer as well.

Published 17 Jun, 2019 12:00am

Affectees of Model Town to get justice soon: Gandapur

Fifth anniversary of the Model Town massacre was observed on Sunday. At least 14 people were killed and 100 others injured when the police opened fire to disperse protesting Pakistan Awami Tehreek workers during an anti-encroachment operation outside the

Published 17 Jun, 2019 12:00am

Punjab allocates Rs 22 billion for specialised healthcare & medical education

The Punjab government has allocated an amount of Rs 22,000 million for the Specialized Healthcare & Medical Education (SH& ME) sector and Rs 23, 500 million for 159 schemes of Primary and Secondary Healthcare (P&SH) Department in its budget for 2019-20.

Published 17 Jun, 2019 12:00am

Anti-polio drive begins in Karachi today

Anti-polio campaign is being started from today in Karachi. Commissioner Karachi Ifitkhar Shawllani who is also the chairman of the task force formed by the Sindh government for eradication of Polio, will inaugurate the campaign for which all arrangements

Published 17 Jun, 2019 12:00am

Exchange

KP government seeks Centre's guidance to check oil and gas seepage

The government of Khyber Pakhtunkhwa has sought federal government's support for approval of guidelines meant to control seepage of oil and gas waste across Pakistan, sources in Petroleum Division told Business Recorder. Hydrocarbon seepage is a ph

Published 17 Jun, 2019 12:00am

Sindh gets 31 percent extra funds from Centre: Firdous

Opposition Leader in Sindh Assembly and Pakistan Tehreek-e-Insaf (PTI) leader Firdous Shamim Naqvi on Sunday said Sindh province is getting 31 per cent extra funds from the federal government. Addressing a presser at the Insaf House Karachi, he said Sindh

Published 17 Jun, 2019 12:00am

Anti-polio drive begins today

A three-day anti-polio drive will begin in thirteen districts of Balochistan today. Provincial Coordinator Emergency Operation Centre Balochistan Rashid Razzaq told our Quetta correspondent that during the drive more than 1.3 million children up to five y

Published 17 Jun, 2019 12:00am

Chinese doctors perform 56 cleft lip surgeries at ICLAP camp

Islamabad Cleft Lip and Palate Association (ICLAP) has arranged a seven days camp wherein surgeries of 56 surgeries of the poor clef lip and palate patients was performed by Chinese doctors. A function was organised on Sunday at the conclusion of seven da

Published 17 Jun, 2019 12:00am

e-visas issued to 7,000 people so far: Nadra

The online visa facility, which was introduced in Pakistan on the instructions of Prime Minister Imran Khan, has proven to be very successful. Pakistan has issued e-visas to 7,000 people so far, according to NADRA. Foreign Minister Shah Mahmood Qureshi sa

Published 17 Jun, 2019 12:00am

Demonstration against power failures and load-shedding held

Residents of Ghazi Town, Malir, on Sunday staged a protest demonstration against K-Electric over prolonged and unannounced load-shedding in their neighbourhood despite the vicinity has been converted into the anti-theft Aerial Bundled Cable (ABC). A handf

Published 17 Jun, 2019 12:00am

PPP voices concern over delay in tribal districts polls

The provincial president, PPP Khyber Pakhtunkhwa Mohammad Hamayun Khan has expressed concern over unjustified delay in the provincial assembly elections in the merged districts of the erstwhile FATA. In a statement issued here on Sunday, the leader said t

Published 17 Jun, 2019 12:00am

Pakistan calls for effective solutions in areas of peace, security

Prime Minister's Special Assistant Dr Sania Nishtar has called for effective solutions to challenges in the areas of peace, security and development. She was representing Pakistan at the 5th Conference on Interaction and Confidence Building Measures in As

Published 17 Jun, 2019 12:00am

CM for publicising SEZ and Mohmand Marble City projects

Khyber Pakhtunkhwa Chief Minister Mahmood Khan has directed the authorities concerned for immediate publicity of Hattar Darband Special Economic Zone (SEZ) and Mohmand Marble City. He issued these directives, presiding over a progress review meeting of th

Published 17 Jun, 2019 12:00am

Cotton

Weekly cotton review: uncertainty prevails due to imposition of sales tax

Despite the high price of Dollar the prices of cotton remained stable. Uncertainty prevailed in market due to imposition of sales tax. Industrial and trading sectors are protesting. Senate Committee is two steps ahead of Federal Agriculture Commission in

Published 17 Jun, 2019 12:00am

Cotton

Weekly cotton review: uncertainty prevails due to imposition of sales tax

Despite the high price of Dollar the prices of cotton remained stable. Uncertainty prevailed in market due to imposition of sales tax. Industrial and trading sectors are protesting. Senate Committee is two steps ahead of Federal Agriculture Commission in

Published 17 Jun, 2019 12:00am

Punjab approaches CCI for getting Rs 950 million refunded from FBR

Punjab government has knocked the doors of Council of Common Interests (CCI) to get back about Rs 950 million from Federal Board of Revenue (FBR) collected by misusing its authority, sources close to Chief Secretary Punjab told Business Recorder.

Published 17 Jun, 2019 12:00am

Assets Declaration Scheme Awareness & guidance campaign in full swing in Hazara

Awareness and guidance campaign regarding Assets Declaration Scheme 2019 announced by the Prime Minister Imran Khan is in full swing under the auspices of Regional Tax Office (RTO) Abbottabad. In this connection, the RTO Abbottabad has established special

Published 17 Jun, 2019 12:00am

Dyes & leather: government urged to allow zero-tax regime for importing raw material

Organisers of the 5th Color & Chem Expo have urged the federal government to allow zero tax for raw materials of dyes and leather used in one of leading textile sector of Pakistan as it is slowing exports. They made this appeal while talking to reporters

Published 17 Jun, 2019 12:00am

PRGMEA demands revival of 'No Payment No Refund' regime

The administrator Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Luqman Amin has said that withdrawal of zero rated status will be detrimental for the exports of the country and it will destroy the industrial sector of Sialko

Published 17 Jun, 2019 12:00am

FY 2018-19: KPRA collects Rs 9.6 million till May

Khyber Pakhtunkhwa Revenue Authority (KPRA) has collected Rs 9.6 billion till May for the current financial year that will end on June 30. It was disclosed during the 7th meeting of the Policy Making Council (PMC) of KPRA, held under the chairmanship of K

Published 17 Jun, 2019 12:00am

Three polythene bags manufacturing units sealed

District administration sealed three polythene shopping bags manufacturing factories and took into possession thousands of kilograms plastic bags in crackdown against plastic shopping bags.

Published 17 Jun, 2019 12:00am

Power failure at Dhabeji PS creates acute water shortage in Karachi

The city faced acute water shortage during last couple of days although Karachi Water and Sewerage Board (KW&SB) said it could not supply around 345 million gallons of water from Dhabeji pumping stations after its system was hit by major power breakdown o

Published 17 Jun, 2019 12:00am

Exchange

100 percent raise in tax to deprive logistics sector of profitability: FOAP

The Fleet Operators Association of Pakistan (FOAP) has said that 100 percent increase in tax will dry the logistics sector of any profitability remaining after the increase in cost of doing business multifold.

Published 17 Jun, 2019 12:00am

PM wants Muslim world to get united: Shehryar

Minister for SAFRON Shehryar Khan Afridi on Sunday said that Prime Minister Imran Khan wants Muslim Ummah to stand united and Pakistan is ready to play a bridging role among leaders of Muslim countries. Welcoming Iran's visiting Deputy Minister for Interi

Published 17 Jun, 2019 12:00am

Arms smuggler with 50 rifles held in Peshawar

Khyber Pakhtunkhwa Department of Excise, Taxation and Narcotics Control Squad has recovered arms and ammunition from a car and arrested its driver in the jurisdiction of Pishtakhara Police Station. Officials of the department said that on a tip off they s

Published 17 Jun, 2019 12:00am

'Naya Pakistan Housing is stagnant in Sindh' an interview with Mohammed Hasan Bakshi, Chairman ABAD

Soon after joining office, PM Imran Khan announced his mega plan to meet the growing housing gap in the country and build 5 million houses, which would reduce the current shortage by almost half. The focus is on low-cost housing since majority of the supp

Published 17 Jun, 2019 12:00am

'Naya Pakistan Housing is stagnant in Sindh' an interview with Mohammed Hasan Bakshi, Chairman ABAD

Soon after joining office, PM Imran Khan announced his mega plan to meet the growing housing gap in the country and build 5 million houses, which would reduce the current shortage by almost half. The focus is on low-cost housing since majority of the supp

Published 17 Jun, 2019 12:00am

Five burnt alive as van catches fire in Narowal

At least five people, a woman and child among them, were burnt to death while several others got injured when a gas cylinder installed in a passenger van exploded on the Zafarwal Road in Narowal district early Sunday morning. Rescue sources relayed the il

Published 17 Jun, 2019 12:00am

Technology-driven and knowledge-based economy project under way: CEO

Technology Upgradation and Skills Development Company (TUSDEC), Ministry of Industries and Production, Government of Pakistan is implementing the Technology Driven Knowledge Based Economy project in order to address the need of technology advancement for

Published 17 Jun, 2019 12:00am

Bilawal-Maryam meeting aimed at befooling masses: Bukhari

Punjab Minister for Information and Culture Syed Samsam Ali Bukhari, slamming the meeting between PPP chairman Bilawal Bhutto Zardari and PML-N vice president Maryam Nawaz over lunch at the latter's Jati Umra residence, said it is aimed at befooling the m

Published 17 Jun, 2019 12:00am

Prices of essential kitchen items witness downward trend

A downward trend in prices of important kitchen items, including vegetable, chicken meat, eggs, flour and others was witnessed in local market, according to the survey conducted by Business Recorder here on Sunday.

Published 17 Jun, 2019 12:00am

Paddy to be sown over 0.317 million acres in Sialkot

Over 3.17 lakh acres of land would be brought under paddy crop in four tehsils Sialkot, Daska, Pasrur and Sambrial of Sialkot district during Kharif crop season. Sources in Agriculture department told Business Recorder on Sunday that Agriculture de

Published 17 Jun, 2019 12:00am

Times' Russia report is 'virtual treason,' says Trump

US President Donald Trump on Saturday accused The New York Times of "a virtual act of treason," after it reported the US is stepping up digital incursions into Russia's electric power grid. Current and former government officials have described the classi

Published 17 Jun, 2019 12:00am

Far-right AfD fails to win its first German mayor seat

The far-right Alternative for Germany (AfD) party lost its bid to capture its first mayor's office in the country in a bellwether election on Sunday ahead of three key regional polls. In a run-off ballot in Goerlitz, Octavian Ursu, 51, a Romanian-born cla

Published 17 Jun, 2019 12:00am

Bangladesh prison breakfast menu gets makeover after 200 years

Bangladesh authorities have upgraded a 200-year-old colonial-era breakfast menu in all its prisons, an official said Sunday, as part of a reform of the country's penal system. Bazlur Rashid, deputy head of the Prison Directorate, said the nation's more th

Published 17 Jun, 2019 12:00am

Field fires in Syria's Hasakeh kill 10

Fires engulfing vital wheat fields across Syria's northeast have killed at least 10 people, a war monitor said Sunday, as Kurdish authorities claim the blazes were set deliberately. Kurdish authorities and the Damascus regime are competing to buy up this

Published 17 Jun, 2019 12:00am

New poll shows Trump trailing Biden and four other Democrats

A nationwide Fox News poll released Sunday shows President Donald Trump trailing former vice president Joe Biden and no fewer than four other Democratic contenders as early campaigning for the 2020 election begins to gain steam. A separate survey of battl

Published 17 Jun, 2019 12:00am

Israeli PM inaugurates Golan settlement honouring Trump

Israeli Prime Minister Benjamin Netanyahu on Sunday inaugurated a new settlement in the Golan Heights, named after the country's "great friend" US President Donald Trump. Netanyahu unveiled a "Trump Heights" sign, featuring an Israeli and a US flag, to ma

Published 17 Jun, 2019 12:00am

Currency	Rate
USD PKR Interbank Selling / Jan 31	279.03
USD PKR Interbank Buying / Jan 31	278.88
USD to Japanese Yen / Jan 31	155.19
USD to Swiss Franc / Jan 31	0.91
Pound Sterling to USD / Jan 31	1.24
Euro to USD / Jan 31	1.04

Stock	Volume
Hang Seng / Jan 30	20,225.11
S&P 500 / Jan 31	6,040.53
India Sensex / Jan 31	77,500.57
Tokyo Nikkei / Jan 31	39,572.49
Nasdaq / Jan 31	19,627.44
FTSE 100 / Jan 31	8,673.96
Dow Jones / Jan 31	44,544.66
Germany DAX 30 / Jan 31	21,732.05

Item	Value
Crude Oil USD/Barrel / Jan 31	72.53
Karachi Cotton PKR/37.32 KG / Jan 31	18,285
Gold 10 Grams PKR / Jan 31	250,171
Gold Spot USD/Ounce / Jan 31	2,798.41
Cotton US¢/pound / Jan 31	65.88
Petrol/Litre / Feb 2	256.13

Stock	Price
Kohinoor Ind. / Jan 31 Kohinoor Industries Limited(KOIL)	10.21 ▲ 1 (10.86%)
IGI Life Ins / Jan 31 IGI Life Insurance Limited(IGIL)	15.13 ▲ 1.38 (10.04%)
Sana Ind / Jan 31 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
Tariq Corporation / Jan 31 Tariq Corporation Limited(TCORP)	16.91 ▲ 1.54 (10.02%)
I.C.C. Ind. / Jan 31 ICC Industries Limited(ICCI)	15.72 ▲ 1.43 (10.01%)
Redco Textile / Jan 31 Redco Textiles Limited(REDCO)	24.17 ▲ 2.2 (10.01%)
Leather Up Ltd. / Jan 31 Leather Up Limited(LEUL)	53.74 ▲ 4.89 (10.01%)
Pak Leather / Jan 31 Pak Leather Crafts Limited(PAKL)	32.63 ▲ 2.97 (10.01%)
Dandot Cement / Jan 31 Dandot Cement Company Limited(DNCC)	16.48 ▲ 1.5 (10.01%)

Stock	Price
Blue-Ex Ltd / Jan 31 Blue-Ex Limited (GEM)(GEMBLUEX)	54.86 ▼ -6.1 (-10.01%)
D.M. Textile / Jan 31 D.M. Textile Mills Limited(DMTX)	63 ▼ -7 (-10%)
First Imrooz Mod. / Jan 31 First Imrooz Modaraba(FIMM)	189 ▼ -21 (-10%)
Power Cem(Pref) / Jan 31 Power Cement (Pref)(POWERPS)	10.41 ▼ -1.15 (-9.95%)
National Silk / Jan 31 The National Silk & Rayon Mills Limited(NSRM)	40.84 ▼ -4.51 (-9.94%)
Sec. Inv. Bank / Jan 31 Security Investment Bank Limited(SIBL)	7.83 ▼ -0.76 (-8.85%)
Shahtaj Sugar / Jan 31 Shahtaj Sugar Mills Limited(SHJS)	109.56 ▼ -10.44 (-8.7%)
Kohinoor Mills / Jan 31 Kohinoor Mills Limited(KML)	31.05 ▼ -2.9 (-8.54%)
F.Credit & Inv / Jan 31 First Credit and Investment Bank Limited(FCIBL)	7.28 ▼ -0.66 (-8.31%)

Stock	Volume
Cnergyico PK / Jan 31 Cnergyico PK Limited(CNERGY)	66,672,997 ▲ 0.14
Sui South Gas / Jan 31 Sui Southern Gas Company Limited(SSGC)	48,364,956 ▼ -1.33
WorldCall Telecom / Jan 31 Worldcall Telecom Limited(WTL)	36,344,486 ▼ -0.06
Waves Home Appliances / Jan 31 Waves Home Appliances Limited(WAVESAPP)	33,226,540 ▼ -0.77
Bank Makramah / Jan 31 Bank Makramah Limited(BML)	31,509,642 ▲ 0.04
B.O.Punjab / Jan 31 The Bank of Punjab(BOP)	17,873,860 ▲ 0.2
K-Electric Ltd. / Jan 31 K-Electric Limited(KEL)	16,969,744 ▼ -0.07
Pak Refinery / Jan 31 Pakistan Refinery Limited(PRL)	16,492,313 ▼ -0.57
Treet Battery / Jan 31 Treet Battery Limited(TBL)	15,390,342 ▲ 1.07

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