News Archives for Print - 2019-06-27

European wheat futures fall from three-week high

European wheat futures fell from a three-week high on Thursday, as dealers awaited clearer indications on crop stress from heatwaves in Europe and the Black Sea region. Traders monitoring the heatwave in western Europe so far see crop risks as moderate in

Published 27 Jun, 2019 12:00am

Asia's naphtha falls on ample supplies

Asia's naphtha crack fell to a four-session low of $20.55 a tonne on Tuesday while gasoline margin had also eased to a three-session low of $3.04 a barrel on ample supplies. Refinery outages in the United States were not giving support to the Asian market

Published 27 Jun, 2019 12:00am

Exchange

China's steel rises but iron ore retreats

Benchmark prices of construction material rebar and hot-rolled coil in China rallied for a fifth session on Tuesday, underpinned by output restrictions in the world's top steel producer as it seeks to curb pollution. A pick-up in steel demand gave prices

Published 27 Jun, 2019 12:00am

Activities at Karachi and Qasim Ports

The Karachi Port handled 136,387 tonnes of cargo comprising 95,857 tonnes of import cargo and 40,530 tonnes of export cargo including 7,617 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargos of

Published 27 Jun, 2019 12:00am

Cotton

Cotton prices slide further on subdued business

Rates continued decline on the cotton market on Wednesday in the process of subdued trading activity, dealers said. The official spot rate continued to slide for the second day in a row, dropping Rs 100 to Rs 8400, they added. In ready session, 1000 bales

Published 27 Jun, 2019 12:00am

Canadian canola futures fall

ICE Canadian canola futures dipped on Tuesday for the third straight day, touching the lowest nearby price in four weeks, as recent rains improved crop prospects in Western Canada. Rain in the past week has offered some relief to Western Canadian farmers.

Published 27 Jun, 2019 12:00am

CBOT wheat eases on improving US weather

Chicago Board of Trade (CBOT) wheat futures eased on Tuesday on a warmer, drier winter crop harvest weather forecast for parts of the US Plains and Midwest, traders said. CBOT July soft red winter wheat settled down 2-1/4 cents at $5.35-3/4 a bushel. Sept

Published 27 Jun, 2019 12:00am

Photo of drowned migrant man, daughter fuels criticism of Trump

A shocking photograph of a Salvadoran man and his nearly two-year-old daughter drowned in the Rio Grande River fuelled angry Democratic denunciations on Wednesday of the Trump administration's immigration policies. "Trump is responsible for these deaths,"

Published 27 Jun, 2019 12:00am

Sea-Watch rescue boat defies Salvini, heads for Italy

The Sea-Watch 3 NGO boat carrying dozens of migrants rescued in the Mediterranean headed for Lampedusa island Wednesday despite the threat of hefty fines from Italy's far-right interior minister.

Published 27 Jun, 2019 12:00am

Europeans on alert as heatwave intensifies

Authorities raised alerts Wednesday as Europe's record-breaking early-June heatwave threatened to intensify with temperatures heading into the 40s Celsius. The choking heat has prompted traffic restrictions, sparked forest fires and fanned debate over pub

Published 27 Jun, 2019 12:00am

Kazakh leader writes off people's debt after protests

Kazakh President Kassym-Jomart Tokayev ordered Wednesday a write-off of millions of dollars in debt for some of the country's poorest families in an apparent effort to head off new protests.

Published 27 Jun, 2019 12:00am

Soldier in Brazil's G20 team arrested in Spain with cocaine

A soldier travelling with Brazilian President Jair Bolsonaro's advance team for the G20 summit in Japan has been arrested in Spain after 39 kilogrammes (86 pounds) of cocaine were found in his luggage, Spanish police said Wednesday.

Published 27 Jun, 2019 12:00am

Trump accuses 'terrible' Twitter of censoring conservatives

US President Donald Trump accused Twitter Wednesday of censoring him, alleging the social media platform was making it hard for him to get his message out. "They are trying to rig the election," Trump said in an interview on Fox Business News.

Published 27 Jun, 2019 12:00am

Erdogan says NATO countries shouldn't sanction each other amid row over S400

President Recep Tayyip Erdogan on Wednesday said NATO countries should not place sanctions each other as the tensions with Washington mount over Ankara's deal with Russia to buy S-400 missile defence system. "Do not forget that Turkey is a NATO country. A

Published 27 Jun, 2019 12:00am

Germany tightens up arms sales outside EU, NATO

German ministers agreed Wednesday to further restrict weapons exports, banning sales of small arms to countries outside the EU and NATO apart from in "exceptional" cases. The update to rules originally laid out in 2000 is also an attempt to bury a source

Published 27 Jun, 2019 12:00am

Facebook's Instagram expands ads to Explore feeds

Instagram said Wednesday it planned to launch advertising on its Explore page, expanding marketing opportunities on the Facebook-owned, visual-focused social network. In the coming months, ads will appear on the Explore feed, where users go to discover co

Published 27 Jun, 2019 12:00am

New Pentagon chief confronts Turkey on NATO debut

President Donald Trump's pick for Pentagon chief plunged straight into business as he made his NATO debut Wednesday, confronting Turkey over its purchase of Russian air defence missiles. Mark Esper, nominated as defense secretary last Friday, reiterated W

Published 27 Jun, 2019 12:00am

NATO agrees response to new Russia missile

NATO on Wednesday agreed a package of political and military measures to boost its defences against a controversial new Russian missile system. The alliance will review its air and missile defences, along with its intelligence and surveillance programmes,

Published 27 Jun, 2019 12:00am

Nadeem made Hon CG of Mongolia

Nadeem Khalid has been appointed as the Honorary Consul General of Mongolia for Pakistan. He is a seasoned businessman and is serving as the Chief Executive Officer of Herbion Pakistan (Pvt) Ltd, which manufactures and markets natural medicines having ope

Published 27 Jun, 2019 12:00am

Sugar industry perturbed over crackdown reports

Sugar industry is reportedly perturbed over the speculations of a crackdown being launched by the Federal Board of Revenue (FBR) soon after the passage of the federal budget.

Published 27 Jun, 2019 12:00am

LCP donates three more corneas to SEH

Lions Club of Pakistan has donated three more corneas to Karachi Metropolitan Corporation-run (KMC) Spencer Eye Hospital (SEH) here on Wednesday.

Published 27 Jun, 2019 12:00am

Exchange

US, UAE envoys meet DC Faisalabad

Consul General United State of America at Lahore called on Divisional Commissioner Mehmud Javed Bhatti at his office here on Wednesday. Public Affairs Officer Michel Genain, Deputy Commissioner Sardar Saifullah Dogar, SSP Operation Syed Ali Raza, MD WASA

Published 27 Jun, 2019 12:00am

Exchange

Warehouse receipt financing: Hafeez wants final draft of proposed law be submitted in a month

Adviser to Prime Minister on Finance, Dr Abdul Hafeez Shaikh has directed that final draft of proposed law with regard to warehouse receipt financing to facilitate the farmers should be submitted in a month after consultation.

Published 27 Jun, 2019 12:00am

PPC holds capacity workshop for officials

A two-day capacity building workshop on 'Strategic Communication & Media Engagement' for the 83rd batch of civil service officers of Khyber Pakhtunkhwa government concluded at the Pakistan Provincial Services Academy (PPSA) here on Wednesday.

Published 27 Jun, 2019 12:00am

Mutual Funds

Pakistan Cables Limited

Pakistan Cables Limited (PCAL) is part of the renowned Chinoy Group of Companies, which owns International Industries Limited (INIL) as well as International Steel Limited (ISL). It has become one of the leading cable manufacturers in Pakistan and was set

Published 27 Jun, 2019 12:00am

Mutual Funds

Pakistan Cables Limited

Pakistan Cables Limited (PCAL) is part of the renowned Chinoy Group of Companies, which owns International Industries Limited (INIL) as well as International Steel Limited (ISL). It has become one of the leading cable manufacturers in Pakistan and was set

Published 27 Jun, 2019 12:00am

Law to nab culprits in drug business in the offing

Minister of State for Narcotics Control Shehryar Afridi on Wednesday said that the government would bring a legislation to effectively nab those involved in drug business. Addressing the launching ceremony of World Drug Report 2019 on International Day ag

Published 27 Jun, 2019 12:00am

Rs 900 billion KP budget approved amid noisy scenes

Khyber Pakhtunkhwa Assembly on Wednesday passed Rs 900 billion budget for the year 2019-20 as the Speaker guillotined the cut motions of the opposition on the demands for grants for different departments. The Assembly resumed proceedings on the cut motion

Published 27 Jun, 2019 12:00am

Exchange

PTA unveils framework to test and develop 5G wireless networks

The Pakistan Telecommunication Authority (PTA) Wednesday unveiled framework for test and development of future technologies, particularly 5G wireless networks, in the country. The framework enables the use of radio spectrum on trial basis for non-commerci

Published 27 Jun, 2019 12:00am

Exchange

SECP prioritises development of REIT

The Chairman, Securities and Exchange Commission of Pakistan (SECP) met with a delegation of ISE Towers REIT Management Company Limited (ISE REIT) led by Zahid Latif Khan, Chairman ISE REIT. The meeting deliberated upon a number of measures for the develo

Published 27 Jun, 2019 12:00am

Babar Awan calls on PM

Senior leader of Pakistan Tehreek-e-Insaf (PTI) Dr Babar Awan Wednesday called on Prime Minister Imran Khan to discuss important matters including a reply to the Election Commission of Pakistan over serving notice to the premier over his Ghotki visit. Tal

Published 27 Jun, 2019 12:00am

Exchange

Attack on Police Lines: 3 terrorists killed, constable martyred in Loralai: ISPR

Three terrorists were killed after an attack on the Police Lines area in Balochistan's Loralai district, the Inter-Services Public Relations (ISPR) said on Wednesday.

Published 27 Jun, 2019 12:00am

Palestine dispute: Pakistan remains committed to 'Two state solution': Dr Maleeha

Pakistan's Permanent Representative to the United Nations Dr Maleeha Lodhi Wednesday said that Pakistan firmly remains committed to 'Two State Solution' of the Palestine dispute and rejects the shifting of the US position on the issue.

Published 27 Jun, 2019 12:00am

UN body slams newsman's murder

A top UN agency on Wednesday demanded justice for a freelance Pakistani journalist who was murdered earlier this month. Muhammad Bilal Khan, a social media activist, blogger and freelancer with tens of thousands of followers across Twitter, Facebook and Y

Published 27 Jun, 2019 12:00am

Partly Facetious: The Khan remains whiter white

"So is there a deal or isn't there a deal?"

Published 27 Jun, 2019 12:00am

ICAP organizes: Golden Jubilee Members Recognition ceremony

The Institute of Chartered Accountants of Pakistan organized the Golden Jubilee Members Recognition Ceremony to honor and appreciate the services of those senior members who have been a part of the Institute for 50 years or more. The ceremony paid homage

Published 27 Jun, 2019 12:00am

In northern mountains, plastic bags face the bin

In this district in northern part of country flanked by soaring mountain ranges and glaciers, plastic shopping bags are now illegal. In late April, the provincial government banned their "use, purchase, export or import" in an effort to cut plastic waste

Published 27 Jun, 2019 12:00am

Ex-ISI chief Durrani's petition: IHC asks interior secy to submit reply

The Islamabad High Court Wednesday issued notices to interior secretary in response to a petition of former Inter-Services Intelligence (ISI) chief Lieutenant General Asad Durrani (retd) seeking contempt proceedings against him for failing to comply with

Published 27 Jun, 2019 12:00am

Labour organizations to stay away from protest movement

Representatives of different labour organisations have announced not to participate in any protest movement of the opposition parties. All Pakistan Workers Unity Federation representative Rana Abdul Sami, Safdar Sandhu of People's Federation, Chief of Uni

Published 27 Jun, 2019 12:00am

Vast opportunities exist for foreign investors: Zakaria

Pakistani High Commissioner to the United Kingdom Muhammad Nafees Zakaria on Wednesday said Pakistan offers great opportunities for foreign investors to invest in the country. "Pakistan due to its geo-strategic location and position offers tremendous oppo

Published 27 Jun, 2019 12:00am

Saudi Arabia abolishes condition of immigration landing card for Hujjaj

Saudi Arabia has abolished the condition of immigration landing card for Hajj pilgrims. To facilitate Hujjaj, the Saudi aviation authority ended the condition and issued notifications to all airlines across the world, including Pakistan. General Authority

Published 27 Jun, 2019 12:00am

BMP will take part in FPCCI election: chairman

Chairman Businessmen Panel (BMP) and Former Provincial Minister, Mian Anjum Nisar has said the BMP is all set for the forth coming elections of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) with full wisdom which will be scheduled i

Published 27 Jun, 2019 12:00am

Media workers: Ministry asked to ensure release of dues, salaries

The National Assembly Standing Committee on Information and Broadcasting on Wednesday directed the ministry to ensure clearance of dues and salaries to the media workers at the earliest. The committee meeting was held under the chairmanship of MNA Javed L

Published 27 Jun, 2019 12:00am

SE&T dept collects Rs 1.49m under MVT drive

Sindh Excise and Taxation department has collected Rs 1.49 million during its road checking campaign. According to details, the department during its campaign checked 2743 vehicles out of which documents of 214 vehicles were confiscated.

Published 27 Jun, 2019 12:00am

SU teacher attends ISC meeting in Iran

The President of Sindh Science Society and Professor at Institute of Information & Communication Technology (IICT), University of Sindh Professor Dr Azhar Ali Shah represented Pakistan in Iran by attending the first Islamic World Science Citation Centre (

Published 27 Jun, 2019 12:00am

Rs 1.218 trillion Sindh budget approved amid opposition's protest

The Sindh Assembly on Wednesday passed Rs 1.218 trillion of next fiscal budget 2019-20 with a majority vote despite opposition's rejection with a protest. The budget, which envisages minimum wages of Rs 17,500 per month for the labour class, stands zero-d

Published 27 Jun, 2019 12:00am

Shahbaz airport: SC orders review of private land's valuation

Supreme Court (SC) on Wednesday ordered review of valuation of private land acquired for Shahbaz Airbase in Jacobabad. A division bench of SC headed Justice Mushir Alam issued the orders in response to the petition of Ainayatullah and Nisar Ahmed, residen

Published 27 Jun, 2019 12:00am

Currency

Declaration of goods: KCCI urges govt to amend late filing provision

The Karachi Chamber of Commerce and Industry (KCCI) has demanded that the new provision related to late filing of goods declaration should be amended to allow at least twenty days before any penalty is imposed.

Published 27 Jun, 2019 12:00am

KATI asks government to bring investment for industrial sector

President Korangi Association of Trade and Industry (KATI), Danish Khan has suggested that for long term economic stability government should put efforts to bring investment in industrial sector and it should be the part of our diplomacy. He welcomed the

Published 27 Jun, 2019 12:00am

'Assets beyond means' case: SHC approves interim bail of Sharjeel till Aug 6

Sindh High Court (SHC) on Wednesday approved interim bail of Sharjeel Memon, former Sindh Information Minister in "assets beyond means" case till August 6, 2019. The interim bail in asset beyond means case came a day after the SHC granted the bail to Memo

Published 27 Jun, 2019 12:00am

Sindh government, Aman launch life-saving ambulance service

Sindh government in collaboration with Aman Health Care Services has launched Sindh Rescue and Medical Services (SRMS) - a life-saving ambulance service for the people of Sindh on Tuesday. Sindh Minister for Health Dr Azra Fazal Pechuho performed a ribbon

Published 27 Jun, 2019 12:00am

Exchange

Zahid Mazhar rejects proposed increase in gas prices

Zahid Mazhar, Chairman All Pakistan Textile Mills Association (APTMA) (Sindh-Balochistan Region) has said that the proposed increase in gas prices would be the last nail in the coffin of the textile and other industries.

Published 27 Jun, 2019 12:00am

PHC reinstates advisers, special assistants to CM

Peshawar High Court on Wednesday reinstated the three Advisers and two Special Assistants to the Chief Minister of Khyber Pakhtunkhwa after suspending a writ challenging their appointments. A two member divisional bench of Peshawar High court, comprising

Published 27 Jun, 2019 12:00am

11 companies granted 'Zone Enterprises Status' in M3 project

The Faisalabad Industrial Estate Development and Management Company (FIEDMC) Wednesday granted "Zone Enterprises Status to 11 international and local companies in M3 industrial city spread over on tract of 4356 acres of land which promise 10-year tax holi

Published 27 Jun, 2019 12:00am

Setting up of export-oriented industry: FPCCI urges govt to announce first-ever industrial amnesty

Federation of Pakistan Chamber of Commerce and Industry (FPCCI) on Wednesday urged the government to announce first ever "Industrial Amnesty" for the establishment of export-oriented industry without seeking source of income to bring undeclared hidden ass

Published 27 Jun, 2019 12:00am

Aleem Khan resigns from four PA bodies

Pakistan Tehreek-e-Insaf (PTI) leader Aleem Khan has resigned from membership of four standing committees of the Punjab Assembly. Aleem Khan was part of privilege, human rights and minority affairs committees of the Punjab Assembly besides membership of P

Published 27 Jun, 2019 12:00am

GGHP attains full generation of 108MW

As the water-flows increase with rising temperature in the catchment area, Golen Gol Hydropower Project on Wednesday attained its maximum generation capacity of 108MW. Golen Gol Hydropower Project went into operation with commissioning of its first unit i

Published 27 Jun, 2019 12:00am

Tareen withdraws petition from LHC

PTI leader Jahangir Khan Tareen on Wednesday withdrew his petition from the Lahore High Court challenging transfer of administrative control of five regulatory bodies to their respective ministries. Earlier, the counsel of Tareen appeared before the court

Published 27 Jun, 2019 12:00am

Businessmen urged to avail assets declaration scheme

The asset declaration scheme 2019 is a very beneficial option for all those who have not yet declared their assets transparently. Now, they can make their assets legitimate. Commissioner Inland Revenue, Corporate Tax, Office, Lahore Zone-III Dr Erfa Iqbal

Published 27 Jun, 2019 12:00am

AMC convocation on July 9

The Convocation of Ameer Uddin Medical College (AMC)/ Post Graduate Medical Institute (PGMI) will be held in Lahore on 9th July in which 171 doctors will be awarded degrees while 75 position holders will be given medals.

Published 27 Jun, 2019 12:00am

Punjab PA passes Finance Bill 2019 with one amendment

The Punjab Assembly on Wednesday passed the Finance Bill 2019 with only one amendment regarding withdrawal of sales tax on intercity AC buses in a bid to provide relief to the people. The schedule of authorized expenditure for the year 2019-20 was laid in

Published 27 Jun, 2019 12:00am

Buzdar terms APC 'attempt to safeguard looted money'

Terming the All Parties Conference (APC) of the opposition, as an attempt to safeguard the looted money, the Punjab Chief Minister Sardar Usman Buzdar on Wednesday said that prioritizing the personal interests over national interests is like a cruel joke

Published 27 Jun, 2019 12:00am

Exchange

Czech parliamentary delegation visits LCCI

A high powered Czech parliamentary delegation led by Daniel Pawlas Chairman, Czech-Pakistan Inter-Parliamentary Friendship Group, along with top businessmen visited the Lahore Chamber of Commerce and Industry on Wednesday and had multi-sectoral discussion

Published 27 Jun, 2019 12:00am

Bid to smuggle heroin to UK foiled at JIAP

Drug Enforcement Cell (DEC) Model Customs Collectorate, Preventive on Wednesday foiled an attempt to smuggle substantial quantity of heroin to United Kingdom at Jinnah International Airport (JIAP). According to details, credible information was received t

Published 27 Jun, 2019 12:00am

Foreign and domestic policies: JI to present charge sheet against PTI government on 30th: Siraj

Emir Jamaat-e-Islami (JI) Pakistan Sirajul Haq has said his party will present a charge sheet against the foreign and internal policies of the government at a public gathering in Karachi on June 30 and will also present its future line of action.

Published 27 Jun, 2019 12:00am

Screening for HIV/AIDS of Punjab jails' inmates ordered

Health Minister Punjab Dr Yasmeen Rashid has issued directions for HIV AIDS screening of every prisoner in 41 prisons of Punjab. She passed these directions while chairing a high-level meeting at CM House regarding eradication of HIV AIDS. Dr Yasmeen said

Published 27 Jun, 2019 12:00am

Income tax refund: FBR introduces automated system for processing, issuance

The Federal Board of Revenue (FBR) has introduced automated system for processing and issuance of the income tax refund based on Income Tax Refund Module (ITRM). According to the FBR, the board has issued a circular to all Chief Commissioners IR, LTUs / R

Published 27 Jun, 2019 12:00am

International Day against Drugs Abuse marked

Like other parts of the globe, the 'International Day against Drug Abuse and Illicit Trafficking' was observed here on Wednesday with a resolve to continue efforts aimed at raising awareness about the issue. To mark the day, different events were held in

Published 27 Jun, 2019 12:00am

SC maintains death sentence of two in murder case

The Supreme Court on Wednesday acquitted three convicts while maintained death sentence of the two in a murder case. A two-judge bench, headed by Chief Justice Asif Saeed Khan Khosa heard the appeals of five persons, who killed eight people outside the Di

Published 27 Jun, 2019 12:00am

Currency

Assets Declaration Ordinance 2019: PM urged to extend date for filing of declarations

Pakistan Tax Advisers Association (PTAA) has urged Prime Minister Imran Khan to extend the date for filing of declarations under the Assets Declaration Ordinance, 2019 till July 31, 2019. In a letter addressed to the Prime Minister, Chairman PTAA Javed Iq

Published 27 Jun, 2019 12:00am

Facilities for Hajj pilgrims reviewed

Prior to formal inauguration of Hajj flight operation on July 4, a meeting was convened at Allama Iqbal International Airport Lahore here on Wednesday to discuss the arrangements and facilities to be provided to pilgrims.

Published 27 Jun, 2019 12:00am

Pink Residency reference: NAB directed to produce all accused on July 4

The Accountability Court hearing multibillion rupees fake bank account case on Wednesday directed National Accountability Bureau (NAB) to produce all the accused in the Pink Residency reference before it on the next hearing to be held on July 4. Accountab

Published 27 Jun, 2019 12:00am

Senate panel assures government's support to Al-Quds Parliament team

The Senate Standing Committee on Foreign Affairs Wednesday reassured Pakistan's full support to the Palestinian cause and opposed the recognition of Jerusalem as Israeli capital by the United States, as the committee meeting coincided with Peace to Prospe

Published 27 Jun, 2019 12:00am

Commitment!

Commitment is the state or quality of being dedicated to a cause, activity, etc. That is why the economic managers of PTI government have told the representatives of business community that their demand cannot be met because the government has given the c

Published 27 Jun, 2019 12:00am

The 'New World Disorder' and the relevance of Pakistan

As if by celestial edict, cricket World Order started dismantling itself 4 years ago. The most glaring examples are Trumpism and Brexit. Both are seismic events, presaging a tectonic shift in World Power politics. There is a massive push back against glob

Published 27 Jun, 2019 12:00am

Exchange

Bhuttoism vs 'Imranomics'

It is increasingly clear that PTI and its leader PM Imran Khan (IK) have a two-part vision for this country: a) exposing and penalizing the corrupt and money launderers and b) laying the foundations for a welfare state or Riasat-e-Medina. IK's early re-sh

Published 27 Jun, 2019 12:00am

Cotton

Lessons for the erstwhile 'senior partner': The Bangladesh story

Bangladesh has proven them all wrong. Kissinger reportedly called it a 'basket case' soon after it chose to (was forced to?) part company with the 'senior partner'. Today, it is being hailed as one of the fastest growing economies.

Published 27 Jun, 2019 12:00am

The one 'good news'

Addressing a judicial event in Islamabad recently, Chief Justice of Pakistan Asif Saeed Khosa noted that all news these days depressing whether related to parliamentary proceedings, the economy, international relations, or cricket. In this depressing atmo

Updated 27 Jun, 2019 07:16am

Exchange

The Qatari investment

The Emir of Qatar, Sheikh Tamim bin Hamad Al-Thani, during his brief stay in Islamabad, pledged 3 billion dollars though it is unclear whether the amount is to be parked in the State Bank of Pakistan (in support of our balance of payment position and to s

Updated 27 Jun, 2019 07:16am

Gynaecologist charged with sex abuse at US university

A former gynaecologist at a top California university was arrested and charged Wednesday with sexually assaulting 16 women during medical examinations, officials said. George Tyndall has been accused of abuse by hundreds of female patients during his 30-y

Published 27 Jun, 2019 12:00am

92 demands of grants approved by NA

The National Assembly Wednesday approved 92 demands of grants, worth Rs 6.23 trillion, pertaining to different ministries, divisions and departments for the next fiscal year and rejected all 410 cut motions put forth by the opposition parties. The opposit

Published 27 Jun, 2019 12:00am

92 demands of grants approved by NA

The National Assembly Wednesday approved 92 demands of grants, worth Rs 6.23 trillion, pertaining to different ministries, divisions and departments for the next fiscal year and rejected all 410 cut motions put forth by the opposition parties. The opposit

Published 27 Jun, 2019 12:00am

92 demands of grants approved by NA

The National Assembly Wednesday approved 92 demands of grants, worth Rs 6.23 trillion, pertaining to different ministries, divisions and departments for the next fiscal year and rejected all 410 cut motions put forth by the opposition parties. The opposit

Published 27 Jun, 2019 12:00am

Pompeo says remains hopeful Pakistan will choose 'right course'

US Secretary of State Mike Pompeo said during a trip to India on Wednesday that he remained hopeful that neighbouring Pakistan would choose the "right course" in cracking down on Islamist fundamentalists. In an interview with broadcaster India Today, Pomp

Published 27 Jun, 2019 12:00am

Iraq must not be dragged into another regional war: president

Iraqi President Barham Saleh said Wednesday his country must not be dragged into another conflict in the Middle East, as tensions rise over its neighbour Iran. "We have had four decades of challenge and turmoil. We do not want to be embroiled in another w

Published 27 Jun, 2019 12:00am

Exchange

$6 billion EFF: IMF executive board scheduled to meet on July 3

The International Monetary Fund''s Executive Board is scheduled to meet on July 3 with consideration of Pakistan''s request for $6 billion thirty nine months Extended Fund Facility (EFF) on the agenda. The IMF Executive Board calendar updated on its websi

Published 27 Jun, 2019 12:00am

Exchange

$6 billion EFF: IMF executive board scheduled to meet on July 3

The International Monetary Fund's Executive Board is scheduled to meet on July 3 with consideration of Pakistan's request for $6 billion thirty nine months Extended Fund Facility (EFF) on the agenda. The IMF Executive Board calendar updated on its website

Published 27 Jun, 2019 12:00am

Exchange

$6 billion EFF: IMF executive board scheduled to meet on July 3

The International Monetary Fund's Executive Board is scheduled to meet on July 3 with consideration of Pakistan's request for $6 billion thirty nine months Extended Fund Facility (EFF) on the agenda. The IMF Executive Board calendar updated on its website

Published 27 Jun, 2019 12:00am

Zardari withdraws bail pleas

Co-Chairman Pakistan People's Party (PPP) Asif Ali Zardari on Wednesday withdrew bail petitions in three cases - Park Lane Company, bulletproof cars and Toshakhana cases. Zardari came to the rostrum and requested the bench comprising Justice Aamer Farooq

Published 27 Jun, 2019 12:00am

Zardari withdraws bail pleas

Co-Chairman Pakistan People's Party (PPP) Asif Ali Zardari on Wednesday withdrew bail petitions in three cases - Park Lane Company, bulletproof cars and Toshakhana cases. Zardari came to the rostrum and requested the bench comprising Justice Aamer Farooq

Published 27 Jun, 2019 12:00am

Palestinians reject US 'peace plan'

Palestinians poured scorn on the Trump administration's much-touted peace plan for the Israeli-Palestinian conflict on Wednesday, saying its framework for a trade and investment boost ignored their political aspirations for statehood. Gulf states attendin

Published 27 Jun, 2019 12:00am

Non-permanent: UNSC seats Pakistan backs India's candidature

Pakistan backed India's candidature for one of the non-permanent seats at the United Nations Security Council (UNSC) which was unanimously supported by the Asia-Pacific Group of the world body on Wednesday. Pakistan was among the 55 Asia-Pacific Group cou

Published 27 Jun, 2019 12:00am

Non-permanent: UNSC seats Pakistan backs India's candidature

Pakistan backed India's candidature for one of the non-permanent seats at the United Nations Security Council (UNSC) which was unanimously supported by the Asia-Pacific Group of the world body on Wednesday. Pakistan was among the 55 Asia-Pacific Group cou

Published 27 Jun, 2019 12:00am

Oman to open first Gulf Arab embassy in Palestinian territories

Oman said Wednesday that it will open an embassy in the Palestinian territories in support of the Palestinian people, in a first for a Gulf Arab state. The announcement coincided with a US-led economic workshop in Bahrain to unveil a Middle East peace pla

Published 27 Jun, 2019 12:00am

Government yet to appoint new chairman of BoI

The federal government has failed to appoint new chairman of the Board of Investment (BoI) despite passage of over a month. The chairman BoI has the mandate to promote Foreign Direct Investment (FDI) in the country. On May 22, 2019, Haroon Sharif resigned

Published 27 Jun, 2019 12:00am

10-paisa/unit increase in power tariff approved by Nepra

National Electric Power Regulatory Authority (Nepra) on Wednesday approved an increase of 10 paisa per unit in tariff for consumers of Distribution Companies for May 2019 under monthly fuel price adjustment.

Published 27 Jun, 2019 12:00am

''Declared assets could not be presented as evidence against declarant''

Chairman FBR Syed Muhammad Shabbar Zaidi has clarified that declaration made under Section-12 of Assets Declaration Ordinance-2019 will not be used as an evidence against the declarant for the purpose of any proceedings relating to imposition of penalty o

Published 27 Jun, 2019 12:00am

'Declared assets could not be presented as evidence against declarant'

Chairman FBR Syed Muhammad Shabbar Zaidi has clarified that declaration made under Section-12 of Assets Declaration Ordinance-2019 will not be used as an evidence against the declarant for the purpose of any proceedings relating to imposition of penalty o

Published 27 Jun, 2019 12:00am

'Declared assets could not be presented as evidence against declarant'

Chairman FBR Syed Muhammad Shabbar Zaidi has clarified that declaration made under Section-12 of Assets Declaration Ordinance-2019 will not be used as an evidence against the declarant for the purpose of any proceedings relating to imposition of penalty o

Published 27 Jun, 2019 12:00am

Exchange

Declarants can deposit forex into bank accounts under ADO: SBP

The State Bank of Pakistan (SBP) Wednesday clarified that any instructions to the contrary contained in the Foreign Exchange Manual, a declarant, including a non-filer, can deposit foreign currency in cash into his/her bank account under the Asset Declara

Published 27 Jun, 2019 12:00am

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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