News Archives for Print - 2019-06-30 - Business Recorder

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Print - 2019-06-30

Mexico seeks closer China business ties during testing time on trade

Mexico seeks closer China business ties during testing time on trade

Mexico wants to deepen economic ties with China by increasing its exports and attracting more investment from the Asian country, Mexican Foreign Minister Marcelo Ebrard said on Saturday ahead of a visit to Beijing.

Published 30 Jun, 2019 12:00am

Swiss police fire water cannon, tear gas at Cameroon protesters

Swiss police fire water cannon, tear gas at Cameroon protesters

Swiss police fired water cannon, tear gas and stun grenades at Cameroonian protesters outside UN headquarters in Geneva Saturday as the crowd surged towards a luxury hotel hosting Cameroon's president. Parts of the "city of peace" resembled a war zone, wi

Published 30 Jun, 2019 12:00am

Emergency landing by United flight briefly closes Newark Airport

Emergency landing by United flight briefly closes Newark Airport

A United Airlines flight made an emergency landing and blew out two tires at New Jersey's Newark Airport on Saturday, causing the airport briefly to suspend flights, officials said. Flight 2098 took off from New York City's LaGuardia Airport bound for Hou

Published 30 Jun, 2019 12:00am

Probes show Russia staged Skripal attack from London

Probes show Russia staged Skripal attack from London

An open-source investigation has found that a top Russian military intelligence officer coordinated last year's Salisbury chemical attack from a London hideout using his phone and a few messaging apps. The award-winning website Bellingcat said late Friday

Published 30 Jun, 2019 12:00am

Swiss police fire water cannon, tear gas at Cameroon protesters

Swiss police fire water cannon, tear gas at Cameroon protesters

Swiss police fired water cannon, tear gas and stun grenades at Cameroonian protesters outside UN headquarters in Geneva Saturday as the crowd surged towards a luxury hotel hosting Cameroon's president. Parts of the "city of peace" resembled a war zone, wi

Published 30 Jun, 2019 12:00am

US World Cup star Rapinoe accepts House invite after snubbing Trump

US World Cup star Rapinoe accepts House invite after snubbing Trump

The captain of the US women's football squad, Megan Rapinoe, has accepted an invitation from a high-profile Democrat to visit the House of Representatives, just days after bluntly saying she would refuse a similar offer from President Donald Trump.

Published 30 Jun, 2019 12:00am

Probes show Russia staged Skripal attack from London

Probes show Russia staged Skripal attack from London

An open-source investigation has found that a top Russian military intelligence officer coordinated last year's Salisbury chemical attack from a London hideout using his phone and a few messaging apps. The award-winning website Bellingcat said late Friday

Published 30 Jun, 2019 12:00am

Haftar vows attacks on Turkish assets in Libya

Haftar vows attacks on Turkish assets in Libya

Libyan strongman Khalifa Haftar has threatened to attack Turkish interests and accused Ankara of backing his rivals after he suffered a major setback in his push to take the capital Tripoli. Anti-Haftar forces that nominally back Libya's internationally r

Published 30 Jun, 2019 12:00am

US World Cup star Rapinoe accepts House invite after snubbing Trump

US World Cup star Rapinoe accepts House invite after snubbing Trump

The captain of the US women's football squad, Megan Rapinoe, has accepted an invitation from a high-profile Democrat to visit the House of Representatives, just days after bluntly saying she would refuse a similar offer from President Donald Trump.

Published 30 Jun, 2019 12:00am

Canada takes garbage back from Philippines

Canada takes garbage back from Philippines

Tonnes of Canadian garbage left in the Philippines for years arrived back home Saturday, putting an end to a festering diplomatic row that highlighted how Asian nations have grown tired of being the world's trash dump.

Published 30 Jun, 2019 12:00am

Haftar vows attacks on Turkish assets in Libya

Haftar vows attacks on Turkish assets in Libya

Libyan strongman Khalifa Haftar has threatened to attack Turkish interests and accused Ankara of backing his rivals after he suffered a major setback in his push to take the capital Tripoli. Anti-Haftar forces that nominally back Libya's internationally r

Published 30 Jun, 2019 12:00am

Argentina see off Venezuela to set up clash with Brazil

Argentina see off Venezuela to set up clash with Brazil

Argentina can look forward to a mouthwatering Copa America semi-final clash with Brazil after delivering a much-improved display to beat Venezuela 2-0 in the quarter-finals in their first game at the Maracana since losing the 2014 World Cup final. Striker

Published 30 Jun, 2019 12:00am

Canada takes garbage back from Philippines

Canada takes garbage back from Philippines

Tonnes of Canadian garbage left in the Philippines for years arrived back home Saturday, putting an end to a festering diplomatic row that highlighted how Asian nations have grown tired of being the world's trash dump.

Published 30 Jun, 2019 12:00am

Leisure Leagues Championship qualifiers begin next week

Leisure Leagues Championship qualifiers begin next week

Leisure Leagues National Championship qualifying round commences next week as 78 different city champion teams will feature at 13 venues of the country in the group round. The qualifying round will kick start when nine different city champion teams will a

Published 30 Jun, 2019 12:00am

Argentina see off Venezuela to set up clash with Brazil

Argentina see off Venezuela to set up clash with Brazil

Argentina can look forward to a mouthwatering Copa America semi-final clash with Brazil after delivering a much-improved display to beat Venezuela 2-0 in the quarter-finals in their first game at the Maracana since losing the 2014 World Cup final. Striker

Published 30 Jun, 2019 12:00am

Nadal, Djokovic have made me the player I am, says Federer

Nadal, Djokovic have made me the player I am, says Federer

Roger Federer admitted Saturday that his epic Grand Slam rivalry with Rafael Nadal and Novak Djokovic has helped propel him to his status as one of the greatest players of all time. Federer is about to embark on his bid to lift a ninth Wimbledon title and

Published 30 Jun, 2019 12:00am

Leisure Leagues Championship qualifiers begin next week

Leisure Leagues Championship qualifiers begin next week

Leisure Leagues National Championship qualifying round commences next week as 78 different city champion teams will feature at 13 venues of the country in the group round. The qualifying round will kick start when nine different city champion teams will a

Published 30 Jun, 2019 12:00am

Netherlands reach first ever World Cup semis

Netherlands reach first ever World Cup semis

The Netherlands reached the semi-finals of the women's World Cup for the first time in their history on Saturday after Vivianne Miedema and Stefanie van der Gragt scored in a 2-0 win over Italy in Valenciennes. Appearing at just their second World Cup, th

Published 30 Jun, 2019 12:00am

Nadal, Djokovic have made me the player I am, says Federer

Nadal, Djokovic have made me the player I am, says Federer

Roger Federer admitted Saturday that his epic Grand Slam rivalry with Rafael Nadal and Novak Djokovic has helped propel him to his status as one of the greatest players of all time. Federer is about to embark on his bid to lift a ninth Wimbledon title and

Published 30 Jun, 2019 12:00am

India World Cup 'away' shirt prompts scorn

India World Cup 'away' shirt prompts scorn

Fans mocked Indian cricket bosses after captain Virat Kohli unveiled the orange-and-dark-blue shirt that the team will wear in their World Cup match against England, saying the players would look like petrol pump attendants. Blue has been Indian cricket's

Published 30 Jun, 2019 12:00am

Netherlands reach first ever World Cup semis

Netherlands reach first ever World Cup semis

The Netherlands reached the semi-finals of the women's World Cup for the first time in their history on Saturday after Vivianne Miedema and Stefanie van der Gragt scored in a 2-0 win over Italy in Valenciennes. Appearing at just their second World Cup, th

Published 30 Jun, 2019 12:00am

Morgan says England must adapt or die as India World Cup test looms

Morgan says England must adapt or die as India World Cup test looms

Eoin Morgan says England need to adapt better to home conditions but is confident they will not buckle under pressure against India as they scrap to keep their World Cup hopes alive. England looked set for the semi-finals when they won four of their first

Published 30 Jun, 2019 12:00am

India World Cup 'away' shirt prompts scorn

India World Cup 'away' shirt prompts scorn

Fans mocked Indian cricket bosses after captain Virat Kohli unveiled the orange-and-dark-blue shirt that the team will wear in their World Cup match against England, saying the players would look like petrol pump attendants. Blue has been Indian cricket's

Published 30 Jun, 2019 12:00am

Sarfaraz hails 'great' win

Sarfaraz hails 'great' win

Pakistan captain Sarfaraz Ahmed hailed his side's three-wicket victory over Afghanistan at the Cricket World Cup as "a great win" despite a nervy finish on a dramatic day at Headingley. Imad Wasim's unbeaten 49 made sure Pakistan moved into the top four o

Published 30 Jun, 2019 12:00am

Morgan says England must adapt or die as India World Cup test looms

Morgan says England must adapt or die as India World Cup test looms

Eoin Morgan says England need to adapt better to home conditions but is confident they will not buckle under pressure against India as they scrap to keep their World Cup hopes alive. England looked set for the semi-finals when they won four of their first

Published 30 Jun, 2019 12:00am

Heatwave seen trimming, not slashing EU grain harvest

Heatwave seen trimming, not slashing EU grain harvest

A record-breaking heatwave in western Europe may trim grain harvest production but the searing heat is not expected to last long enough to cause the kind of severe crop losses seen during a drought last year. The unusually early summer heatwave has grippe

Published 30 Jun, 2019 12:00am

Sarfaraz hails 'great' win

Sarfaraz hails 'great' win

Pakistan captain Sarfaraz Ahmed hailed his side's three-wicket victory over Afghanistan at the Cricket World Cup as "a great win" despite a nervy finish on a dramatic day at Headingley. Imad Wasim's unbeaten 49 made sure Pakistan moved into the top four o

Published 30 Jun, 2019 12:00am

IGC cuts forecasts for world corn, soya crops

IGC cuts forecasts for world corn, soya crops

The International Grains Council (IGC) cut its forecast on Thursday for world corn and soyabean crops in the 2019/2020 season after heavy rains disrupted plantings in the United States. The inter-governmental body said in a monthly update it had cut its g

Published 30 Jun, 2019 12:00am

Heatwave seen trimming, not slashing EU grain harvest

Heatwave seen trimming, not slashing EU grain harvest

A record-breaking heatwave in western Europe may trim grain harvest production but the searing heat is not expected to last long enough to cause the kind of severe crop losses seen during a drought last year. The unusually early summer heatwave has grippe

Published 30 Jun, 2019 12:00am

Quality cocoa shortage sends European premiums to near 10-year high

Exchange

Quality cocoa shortage sends European premiums to near 10-year high

Buyers in Europe's physical cocoa market are having to pay top dollar for quality beans from leading global producers Ivory Coast and Ghana to compete with stronger US prices, raising cost fears for grinders and chocolate makers. The soaring prices could

Published 30 Jun, 2019 12:00am

IGC cuts forecasts for world corn, soya crops

IGC cuts forecasts for world corn, soya crops

The International Grains Council (IGC) cut its forecast on Thursday for world corn and soyabean crops in the 2019/2020 season after heavy rains disrupted plantings in the United States. The inter-governmental body said in a monthly update it had cut its g

Published 30 Jun, 2019 12:00am

USDA reports large US soyabean sale to China

USDA reports large US soyabean sale to China

The US Department of Agriculture (USDA) on Friday reported a large soyabean sale to China, an apparent goodwill gesture a day before the first meeting between US President Donald Trump and Chinese President Xi Jinping in seven months. The trade war has cu

Published 30 Jun, 2019 12:00am

Quality cocoa shortage sends European premiums to near 10-year high

Exchange

Quality cocoa shortage sends European premiums to near 10-year high

Buyers in Europe's physical cocoa market are having to pay top dollar for quality beans from leading global producers Ivory Coast and Ghana to compete with stronger US prices, raising cost fears for grinders and chocolate makers. The soaring prices could

Published 30 Jun, 2019 12:00am

KP E&T department achieves Rs 3 billion revenue target

KP E&T department achieves Rs 3 billion revenue target

Excise & Taxation Department, Khyber Pakhtunkhwa achieved the revenue collection target of Rs 3 billion of the financial year 2018-19. In a statement issued by the Secretary Excise & Taxation, Syed Zafar Ali Shah said that achievement of the target was so

Published 30 Jun, 2019 12:00am

USDA reports large US soyabean sale to China

USDA reports large US soyabean sale to China

The US Department of Agriculture (USDA) on Friday reported a large soyabean sale to China, an apparent goodwill gesture a day before the first meeting between US President Donald Trump and Chinese President Xi Jinping in seven months. The trade war has cu

Published 30 Jun, 2019 12:00am

Rupee depreciation against dollar rattles businesses

Rupee depreciation against dollar rattles businesses

Unprecedented and rapid depreciation of Pak rupee against the US dollar as well as growing uncertainty is causing huge setback for business community across the country for the worst impacts on already deteriorating business conditions. Islamabad Chamber

Published 30 Jun, 2019 12:00am

KP E&T department achieves Rs 3 billion revenue target

KP E&T department achieves Rs 3 billion revenue target

Excise & Taxation Department, Khyber Pakhtunkhwa achieved the revenue collection target of Rs 3 billion of the financial year 2018-19. In a statement issued by the Secretary Excise & Taxation, Syed Zafar Ali Shah said that achievement of the target was so

Published 30 Jun, 2019 12:00am

All-out efforts being made to help resolve importers' issues: Dawood

Exchange

All-out efforts being made to help resolve importers' issues: Dawood

Prime Minister's Adviser for Commerce, Textile, Industry & Production and Investment Razak Dawood Saturday said the people are in a fix regarding current scenario but the situation is likely to improve within a week or two. The Advisor was talking to the

Published 30 Jun, 2019 12:00am

Rupee depreciation against dollar rattles businesses

Rupee depreciation against dollar rattles businesses

Unprecedented and rapid depreciation of Pak rupee against the US dollar as well as growing uncertainty is causing huge setback for business community across the country for the worst impacts on already deteriorating business conditions. Islamabad Chamber

Published 30 Jun, 2019 12:00am

Prices of essential kitchen items witness mixed trend

Prices of essential kitchen items witness mixed trend

Prices of essential kitchen items witnessed a mixed trend during this week past as compared to previous week, a survey conducted by Business Recorder revealed here on Saturday. The survey observed that price of rice witnessed an increase of Rs 10 per kg f

Published 30 Jun, 2019 12:00am

All-out efforts being made to help resolve importers' issues: Dawood

Exchange

All-out efforts being made to help resolve importers' issues: Dawood

Prime Minister's Adviser for Commerce, Textile, Industry & Production and Investment Razak Dawood Saturday said the people are in a fix regarding current scenario but the situation is likely to improve within a week or two. The Advisor was talking to the

Published 30 Jun, 2019 12:00am

FBR fixes billets and scarp's new value

FBR fixes billets and scarp's new value

The Federal Board of Revenue (FBR) has fixed new values of locally-produced steel bars, ingots, ship plates and other re-rollable iron and steel scrap for assessment of sales tax from July 1, 2019. According to SRO 697(l)/2019 issued by the FBR here on Sa

Published 30 Jun, 2019 12:00am

Prices of essential kitchen items witness mixed trend

Prices of essential kitchen items witness mixed trend

Prices of essential kitchen items witnessed a mixed trend during this week past as compared to previous week, a survey conducted by Business Recorder revealed here on Saturday. The survey observed that price of rice witnessed an increase of Rs 10 per kg f

Published 30 Jun, 2019 12:00am

AoB conducts survey to enhance quality of audit

AoB conducts survey to enhance quality of audit

In a first survey of its kind on enhancing audit quality, members of audit committees of public interest companies ranked sector expertise, auditor's capacity in terms of staff and branch offices, and past experience with an audit firm as the three most i

Published 30 Jun, 2019 12:00am

FBR fixes billets and scarp's new value

FBR fixes billets and scarp's new value

The Federal Board of Revenue (FBR) has fixed new values of locally-produced steel bars, ingots, ship plates and other re-rollable iron and steel scrap for assessment of sales tax from July 1, 2019. According to SRO 697(l)/2019 issued by the FBR here on Sa

Published 30 Jun, 2019 12:00am

NUST signs MoU with IBM Italia S.p.A. Pakistan

NUST signs MoU with IBM Italia S.p.A. Pakistan

National University of Sciences & Technology (NUST) signed an MoU with IBM Italia S.p.A. Pakistan on June 27, 2019. Under the MoU, IBM will initiate "Startup with IBM" programme at NUST for its start-ups. The programme entails start-ups to remain under IB

Published 30 Jun, 2019 12:00am

AoB conducts survey to enhance quality of audit

AoB conducts survey to enhance quality of audit

In a first survey of its kind on enhancing audit quality, members of audit committees of public interest companies ranked sector expertise, auditor's capacity in terms of staff and branch offices, and past experience with an audit firm as the three most i

Published 30 Jun, 2019 12:00am

North Region: Customs surpasses yearly revenue target

Currency

North Region: Customs surpasses yearly revenue target

The Customs (North region) surpassed its yearly revenue target assigned by the Federal Board of Revenue (FBR) for FY 2018-19. According to preliminary figures released by the Customs here on Saturday, the Customs (North region) not only achieved but surpa

Published 30 Jun, 2019 12:00am

NUST signs MoU with IBM Italia S.p.A. Pakistan

NUST signs MoU with IBM Italia S.p.A. Pakistan

National University of Sciences & Technology (NUST) signed an MoU with IBM Italia S.p.A. Pakistan on June 27, 2019. Under the MoU, IBM will initiate "Startup with IBM" programme at NUST for its start-ups. The programme entails start-ups to remain under IB

Published 30 Jun, 2019 12:00am

PINS to get latest security system

PINS to get latest security system

Latest security system has been approved for installation in the Punjab Institute of Neuro Sciences (PINS). Under the new system, as many as 110 modern CCTV cameras would be installed at a cost of Rs 13 million and work has also been started in this regar

Published 30 Jun, 2019 12:00am

North Region: Customs surpasses yearly revenue target

Currency

North Region: Customs surpasses yearly revenue target

The Customs (North region) surpassed its yearly revenue target assigned by the Federal Board of Revenue (FBR) for FY 2018-19. According to preliminary figures released by the Customs here on Saturday, the Customs (North region) not only achieved but surpa

Published 30 Jun, 2019 12:00am

FBR issues tax valuation on supplies

FBR issues tax valuation on supplies

The Federal Board of Revenue (FBR) will not charge further sales tax on supplies made to government, semi-government and statutory regulatory bodies and supply of white crystalline sugar from July 1, 2019. According to SRO 692(I)/2019 issued here on Satur

Published 30 Jun, 2019 12:00am

PINS to get latest security system

PINS to get latest security system

Latest security system has been approved for installation in the Punjab Institute of Neuro Sciences (PINS). Under the new system, as many as 110 modern CCTV cameras would be installed at a cost of Rs 13 million and work has also been started in this regar

Published 30 Jun, 2019 12:00am

Jinnah Convention Centre: PC to hire services of FA for privatisation of JCC

Jinnah Convention Centre: PC to hire services of FA for privatisation of JCC

Privatisation Commission (PC) will hire services of Financial Advisor (FA) for the privatisation of Jinnah Convention Centre located at a prime location near Constitution Avenue Islamabad till July 19. Firms and corporate finance firms have been asked to

Published 30 Jun, 2019 12:00am

FBR issues tax valuation on supplies

FBR issues tax valuation on supplies

The Federal Board of Revenue (FBR) will not charge further sales tax on supplies made to government, semi-government and statutory regulatory bodies and supply of white crystalline sugar from July 1, 2019. According to SRO 692(I)/2019 issued here on Satur

Published 30 Jun, 2019 12:00am

Nespak to construct MCH in Punjab: Dr Yasmeen

Nespak to construct MCH in Punjab: Dr Yasmeen

Necessary homework for a new state-of-the-art 400-beeded 'Mother and Child Hospital' has been completed and NESPAK have offered volunteer services for the construction of this hospital, Punjab health minister Dr Yasmeen Rashid, said.

Published 30 Jun, 2019 12:00am

Jinnah Convention Centre: PC to hire services of FA for privatisation of JCC

Jinnah Convention Centre: PC to hire services of FA for privatisation of JCC

Privatisation Commission (PC) will hire services of Financial Advisor (FA) for the privatisation of Jinnah Convention Centre located at a prime location near Constitution Avenue Islamabad till July 19. Firms and corporate finance firms have been asked to

Published 30 Jun, 2019 12:00am

SJC to take up reference against Justice Isa on July 2

SJC to take up reference against Justice Isa on July 2

The Supreme Judicial Council (SJC) meeting will be held on Tuesday (July 2) to deliberate upon references against Justice Qazi Faez Isa and Justice KK Agha, sources told.

Published 30 Jun, 2019 12:00am

Nespak to construct MCH in Punjab: Dr Yasmeen

Nespak to construct MCH in Punjab: Dr Yasmeen

Necessary homework for a new state-of-the-art 400-beeded 'Mother and Child Hospital' has been completed and NESPAK have offered volunteer services for the construction of this hospital, Punjab health minister Dr Yasmeen Rashid, said.

Published 30 Jun, 2019 12:00am

Amnesty scheme: RTOs, LTUs told to facilitate declarants

Amnesty scheme: RTOs, LTUs told to facilitate declarants

The Federal Board of Revenue (FBR) Saturday issued instructions to the field formations to facilitate persons intending to file declarations under the Assets Declaration Scheme 2019. The FBR has issued instructions to the Large Taxpayer Units and Regional

Published 30 Jun, 2019 12:00am

SJC to take up reference against Justice Isa on July 2

SJC to take up reference against Justice Isa on July 2

The Supreme Judicial Council (SJC) meeting will be held on Tuesday (July 2) to deliberate upon references against Justice Qazi Faez Isa and Justice KK Agha, sources told.

Published 30 Jun, 2019 12:00am

Sales Tax Rules amended: Biometric verification from Nadra mandatory for new applicants

Sales Tax Rules amended: Biometric verification from Nadra mandatory for new applicants

Federal Board of Revenue (FBR) has made it mandatory for the new applicants for sales tax registration to get biometric verification from National Database & Registration Authority (NADRA). The FBR has issued amended Sales Tax Rules, 2006 through a notifi

Published 30 Jun, 2019 12:00am

Amnesty scheme: RTOs, LTUs told to facilitate declarants

Amnesty scheme: RTOs, LTUs told to facilitate declarants

The Federal Board of Revenue (FBR) Saturday issued instructions to the field formations to facilitate persons intending to file declarations under the Assets Declaration Scheme 2019. The FBR has issued instructions to the Large Taxpayer Units and Regional

Published 30 Jun, 2019 12:00am

JBS partners with ILINK

JBS partners with ILINK

Jaffer Business Systems (JBS) and 1LINK have partnered to enhance the overall infrastructure of banking sector with modern technology transformation. JBS solution will support 1LINK to maximize its security, enhance service availability and bring agility

Published 30 Jun, 2019 12:00am

Sales Tax Rules amended: Biometric verification from Nadra mandatory for new applicants

Sales Tax Rules amended: Biometric verification from Nadra mandatory for new applicants

Federal Board of Revenue (FBR) has made it mandatory for the new applicants for sales tax registration to get biometric verification from National Database & Registration Authority (NADRA). The FBR has issued amended Sales Tax Rules, 2006 through a notifi

Published 30 Jun, 2019 12:00am

KLM ready to start production

Exchange

KLM ready to start production

KIA Lucky Motors Pakistan Ltd (KLM), a subsidiary of Lucky Cement Ltd, has successfully completed commissioning of the equipment and pilot production and recently commenced CKD operation at its plant located at Bin Qasim Industrial Park (BQIP), Karachi wi

Published 30 Jun, 2019 12:00am

JBS partners with ILINK

JBS partners with ILINK

Jaffer Business Systems (JBS) and 1LINK have partnered to enhance the overall infrastructure of banking sector with modern technology transformation. JBS solution will support 1LINK to maximize its security, enhance service availability and bring agility

Published 30 Jun, 2019 12:00am

Rana Mashood barred from going abroad

Rana Mashood barred from going abroad

Pakistan Muslim League-Nawaz (PML-N) leader and former provincial minister for education Rana Mashood was barred by the immigration authorities from travelling abroad in the early hours on Saturday. Sources claimed that Rana Mashood was travelling to the

Published 30 Jun, 2019 12:00am

KLM ready to start production

Exchange

KLM ready to start production

KIA Lucky Motors Pakistan Ltd (KLM), a subsidiary of Lucky Cement Ltd, has successfully completed commissioning of the equipment and pilot production and recently commenced CKD operation at its plant located at Bin Qasim Industrial Park (BQIP), Karachi wi

Published 30 Jun, 2019 12:00am

Teachers may apply for transfers through cellphones

Teachers may apply for transfers through cellphones

For the first time in the history of school department, public school teachers have been provided the facility to apply for transfer through mobile phones, making the process simpler, efficient and transparent for all. Teachers have online access to indiv

Published 30 Jun, 2019 12:00am

Rana Mashood barred from going abroad

Rana Mashood barred from going abroad

Pakistan Muslim League-Nawaz (PML-N) leader and former provincial minister for education Rana Mashood was barred by the immigration authorities from travelling abroad in the early hours on Saturday. Sources claimed that Rana Mashood was travelling to the

Published 30 Jun, 2019 12:00am

Textile sector has potential to boost exports, create jobs: Professor Hina

Exchange

Textile sector has potential to boost exports, create jobs: Professor Hina

Vice Chancellor Pakistan Institute of Fashion and Design Professor Hina Tayaba Khalil said that textile export industry in Pakistan particularly in Punjab have the infrastructure, potential and opportunities to increase exports and generate thousands of n

Published 30 Jun, 2019 12:00am

Teachers may apply for transfers through cellphones

Teachers may apply for transfers through cellphones

For the first time in the history of school department, public school teachers have been provided the facility to apply for transfer through mobile phones, making the process simpler, efficient and transparent for all. Teachers have online access to indiv

Published 30 Jun, 2019 12:00am

Punjab budget 2019-20: achieving targets termed a major challenge for PTI

Punjab budget 2019-20: achieving targets termed a major challenge for PTI

While the Punjab Assembly has approved the provincial budget 2019-20, one of the major challenges for PTI government would be to carry out its development schemes within stipulated period, analysts said. The PTI government has set a new example by making

Published 30 Jun, 2019 12:00am

Textile sector has potential to boost exports, create jobs: Professor Hina

Exchange

Textile sector has potential to boost exports, create jobs: Professor Hina

Vice Chancellor Pakistan Institute of Fashion and Design Professor Hina Tayaba Khalil said that textile export industry in Pakistan particularly in Punjab have the infrastructure, potential and opportunities to increase exports and generate thousands of n

Published 30 Jun, 2019 12:00am

Gusty winds forecast for Karachi

Gusty winds forecast for Karachi

The city's heat wave spell is expected to end in the next 24 hours as the Met Office on Saturday forecast a cloudy weather and gusty winds. It said that Karachi's weather is likely to remain partly cloudy to cloudy with occasional gusty winds and chances

Published 30 Jun, 2019 12:00am

Punjab budget 2019-20: achieving targets termed a major challenge for PTI

Punjab budget 2019-20: achieving targets termed a major challenge for PTI

While the Punjab Assembly has approved the provincial budget 2019-20, one of the major challenges for PTI government would be to carry out its development schemes within stipulated period, analysts said. The PTI government has set a new example by making

Published 30 Jun, 2019 12:00am

PM urged to extend amnesty scheme's deadline

Currency

PM urged to extend amnesty scheme's deadline

Karachi Tax Bar Association (KTBA) requested the Prime Minister Imran Khan to extend the last date of Assets Declaration Scheme 2019, commonly known as Amnesty Scheme 2019, by July 31. In a letter sent to the PM Khan, the KTBA wrote although the last date

Published 30 Jun, 2019 12:00am

Gusty winds forecast for Karachi

Gusty winds forecast for Karachi

The city's heat wave spell is expected to end in the next 24 hours as the Met Office on Saturday forecast a cloudy weather and gusty winds. It said that Karachi's weather is likely to remain partly cloudy to cloudy with occasional gusty winds and chances

Published 30 Jun, 2019 12:00am

First-ever 'mango festival' held at Hyderabad Expo Centre

First-ever 'mango festival' held at Hyderabad Expo Centre

First ever 2-day mango festival in Hyderabad was organised to get the access to national and international markets here at Expo Centre, Hyderabad Saturday. The festival was inaugurated by Sindh Agriculture Minister Ismail Rahoo. Agriculture University Tan

Published 30 Jun, 2019 12:00am

PM urged to extend amnesty scheme's deadline

Currency

PM urged to extend amnesty scheme's deadline

Karachi Tax Bar Association (KTBA) requested the Prime Minister Imran Khan to extend the last date of Assets Declaration Scheme 2019, commonly known as Amnesty Scheme 2019, by July 31. In a letter sent to the PM Khan, the KTBA wrote although the last date

Published 30 Jun, 2019 12:00am

111th Midshipmen, 20th SSC Course Commissioning parade held

111th Midshipmen, 20th SSC Course Commissioning parade held

The 111th Midshipmen and 20th Short Service Commission (SSC) Course Commissioning Parade was held at Pakistan Naval Academy PNS RAHBAR. The Commissioning Parade comprised 65 Pakistani and 12 Midshipmen from friendly countries as well as 98 Cadets of Short

Published 30 Jun, 2019 12:00am

First-ever 'mango festival' held at Hyderabad Expo Centre

First-ever 'mango festival' held at Hyderabad Expo Centre

First ever 2-day mango festival in Hyderabad was organised to get the access to national and international markets here at Expo Centre, Hyderabad Saturday. The festival was inaugurated by Sindh Agriculture Minister Ismail Rahoo. Agriculture University Tan

Published 30 Jun, 2019 12:00am

BMP for appointment of TDAP's CE from private sector

BMP for appointment of TDAP's CE from private sector

Secretary General (Federal) of the Businessmen Panel (BMP), Ahmad Jawad while talking to media men said Trade Development Authority of Pakistan (TDAP) has lost its relevance because of the country's changing export base.

Published 30 Jun, 2019 12:00am

111th Midshipmen, 20th SSC Course Commissioning parade held

111th Midshipmen, 20th SSC Course Commissioning parade held

The 111th Midshipmen and 20th Short Service Commission (SSC) Course Commissioning Parade was held at Pakistan Naval Academy PNS RAHBAR. The Commissioning Parade comprised 65 Pakistani and 12 Midshipmen from friendly countries as well as 98 Cadets of Short

Published 30 Jun, 2019 12:00am

PBIF chief voices concern over devaluation of rupee

Exchange

PBIF chief voices concern over devaluation of rupee

President Pakistan Businessmen and Intellectuals Forum (PBIF) Mian Zahid Hussain has demanded that a probe is needed to ascertain that who is benefiting from exchange rate vitality and hike in the price of sugar and other commodities. He said that the cen

Published 30 Jun, 2019 12:00am

BMP for appointment of TDAP's CE from private sector

BMP for appointment of TDAP's CE from private sector

Secretary General (Federal) of the Businessmen Panel (BMP), Ahmad Jawad while talking to media men said Trade Development Authority of Pakistan (TDAP) has lost its relevance because of the country's changing export base.

Published 30 Jun, 2019 12:00am

ADB to provide $75 million for improving secondary education in Sindh

ADB to provide $75 million for improving secondary education in Sindh

Asian Development Bank (ADB) will provide $ 75 million for Sindh Secondary Education Improvement Project (SSEIP), which will be implemented in six years from July 2019 to June 2025. According to official documents, the project will be implemented in the e

Published 30 Jun, 2019 12:00am

PBIF chief voices concern over devaluation of rupee

Exchange

PBIF chief voices concern over devaluation of rupee

President Pakistan Businessmen and Intellectuals Forum (PBIF) Mian Zahid Hussain has demanded that a probe is needed to ascertain that who is benefiting from exchange rate vitality and hike in the price of sugar and other commodities. He said that the cen

Published 30 Jun, 2019 12:00am

ADB to provide $75 million for improving secondary education in Sindh

ADB to provide $75 million for improving secondary education in Sindh

Asian Development Bank (ADB) will provide $ 75 million for Sindh Secondary Education Improvement Project (SSEIP), which will be implemented in six years from July 2019 to June 2025. According to official documents, the project will be implemented in the e

Published 30 Jun, 2019 12:00am

ADB to provide $75 million for improving secondary education in Sindh

ADB to provide $75 million for improving secondary education in Sindh

Asian Development Bank (ADB) will provide $ 75 million for Sindh Secondary Education Improvement Project (SSEIP), which will be implemented in six years from July 2019 to June 2025. According to official documents, the project will be implemented in the e

Published 30 Jun, 2019 12:00am

Justice Project Pakistan launches online death penalty database

Justice Project Pakistan launches online death penalty database

Justice Project Pakistan launched an open-source "Death Penalty Database", featuring comprehensive research on Pakistan's use of capital punishment on Saturday. The database includes the number of prisoners on death row, executions carried out since 2014,

Published 30 Jun, 2019 12:00am

ADB to provide $75 million for improving secondary education in Sindh

ADB to provide $75 million for improving secondary education in Sindh

Asian Development Bank (ADB) will provide $ 75 million for Sindh Secondary Education Improvement Project (SSEIP), which will be implemented in six years from July 2019 to June 2025. According to official documents, the project will be implemented in the e

Published 30 Jun, 2019 12:00am

Nespak report about K-IV project's design still awaited: CM

Nespak report about K-IV project's design still awaited: CM

Sindh Chief Minister Syed Murad Ali Shah has said he has been working hard to arrange funds and waiting for Nespak report of design verifications on Karachi Bulk Water Supply K-IV project. "I am committed to complete K-IV scheme," he said, presiding over

Published 30 Jun, 2019 12:00am

Justice Project Pakistan launches online death penalty database

Justice Project Pakistan launches online death penalty database

Justice Project Pakistan launched an open-source "Death Penalty Database", featuring comprehensive research on Pakistan's use of capital punishment on Saturday. The database includes the number of prisoners on death row, executions carried out since 2014,

Published 30 Jun, 2019 12:00am

ANP Peshawar chapter's president shot dead

ANP Peshawar chapter's president shot dead

The Awami National Party (ANP) Peshawar City president Sartaj Khan was killed in a firing incident near the Gul Bahar police station in Peshawar on Saturday. According to police, some unknown armed men opened firing at the ANP leader near the police stati

Published 30 Jun, 2019 12:00am

Nespak report about K-IV project's design still awaited: CM

Nespak report about K-IV project's design still awaited: CM

Sindh Chief Minister Syed Murad Ali Shah has said he has been working hard to arrange funds and waiting for Nespak report of design verifications on Karachi Bulk Water Supply K-IV project. "I am committed to complete K-IV scheme," he said, presiding over

Published 30 Jun, 2019 12:00am

Opposition MNAs accuse NA speaker of facilitating treasury members

Opposition MNAs accuse NA speaker of facilitating treasury members

Speaker Asad Qaiser faced a hard time in National Assembly on Saturday when the opposition lawmakers of PPP, PML-N and JUI-F once again lambasted him accusing of running the House in a partisan manner to facilitate the treasury members.

Published 30 Jun, 2019 12:00am

ANP Peshawar chapter's president shot dead

ANP Peshawar chapter's president shot dead

The Awami National Party (ANP) Peshawar City president Sartaj Khan was killed in a firing incident near the Gul Bahar police station in Peshawar on Saturday. According to police, some unknown armed men opened firing at the ANP leader near the police stati

Published 30 Jun, 2019 12:00am

KMC demolishes KE office built on footpath

KMC demolishes KE office built on footpath

The Karachi Metropolitan Corporation's (KMC) anti-encroachment cell demolished on Saturday an office of K-Electric, the city's sole power distributor, built on pavement on Shahrah-e-Quaideen road. An official of KMC relayed a two-room office of the power

Published 30 Jun, 2019 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 23	278.69
USD PKR Interbank Buying / Dec 23	278.43
USD to Japanese Yen / Dec 23	156.63
USD to Swiss Franc / Dec 23	0.90
Pound Sterling to USD / Dec 23	1.26
Euro to USD / Dec 23	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
Nasdaq / Dec 20	19,572.60
Dow Jones / Dec 20	42,840.26
India Sensex / Dec 23	78,595.51
Tokyo Nikkei / Dec 23	39,161.34
Hang Seng / Dec 23	19,857.04
FTSE 100 / Dec 23	8,068.16
Germany DAX 30 / Dec 23	19,830.32

Item	Value
Gold 10 Grams PKR / Dec 20	234,311
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 23	252.10
Crude Oil USD/Barrel / Dec 23	69.79
Gold Spot USD/Ounce / Dec 23	2,632.38
Diesel/Litre / Dec 23	255.38

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Dec 23 First Capital Equities Limited(FCEL)	6.15 ▲ 1.00 (19.42%)
Dewan Sugar / Dec 23 Dewan Sugar Mills Limited(DWSM)	6.60 ▲ 1.00 (17.86%)
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	6.83 ▲ 0.92 (15.57%)
Jahangir Sidd(Pref) / Dec 23 Jahangir Sidd(Pref)(JSCLPSA)	9.50 ▲ 0.95 (11.11%)
Chenab Ltd (Pref) / Dec 23 Chenab Limited (Pref)(CLCPS)	3.75 ▲ 0.36 (10.62%)
Dewan Farooque Sp. / Dec 23 Dewan Farooque Spinning Mills Limited(DFSM)	4.72 ▲ 0.45 (10.54%)
Trust Sec.& Brok. / Dec 23 Trust Securities & Brokerage Limited(TSBL)	10.55 ▲ 1.00 (10.47%)
Dawood Equities / Dec 23 Dawood Equities Limited(DEL)	10.63 ▲ 1.00 (10.38%)
HBL Invest Fund / Dec 23 HBL Investment Fund(HIFA)	4.15 ▲ 0.39 (10.37%)

Stock	Price
Sindh Abadgar / Dec 23 Sindh Abadgar's Sugar Mills Limited(SASML)	36.60 ▼ -4.07 (-10.01%)
Blue-Ex Ltd / Dec 23 Blue-Ex Limited (GEM)(GEMBLUEX)	40.87 ▼ -4.54 (-10.00%)
J.A.Textile / Dec 23 J.A. Textile Mills Limited(JATM)	37.72 ▼ -4.19 (-10.00%)
Asia Ins. / Dec 23 Asia Insurance Company Limited(ASIC)	13.96 ▼ -1.55 (-9.99%)
Dar-es-Salaam / Dec 23 Dar-es-Salaam Textile Mills Limited(DSML)	42.01 ▼ -4.58 (-9.83%)
First Tri-Star Mod. / Dec 23 First Tri-Star Modaraba(FTSM)	14.01 ▼ -1.33 (-8.67%)
Dadabhoy Cement / Dec 23 Dadabhoy Cement Industries Limited(DBCI)	6 ▼ -0.54 (-8.26%)
Oilboy Energy / Dec 23 Oilboy Energy Limited(OBOY)	10.46 ▼ -0.93 (-8.17%)
Burj Clean Energy Modaraba / Dec 23 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	8.45 ▼ -0.65 (-7.14%)

Stock	Volume
WorldCall Telecom / Dec 23 Worldcall Telecom Limited(WTL)	99,942,750 ▲ 0.14
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	66,327,753 ▲ 0.92
Pace (Pak) Ltd. / Dec 23 Pace (Pakistan) Limited(PACE)	43,280,462 ▲ 0.19
K-Electric Ltd. / Dec 23 K-Electric Limited(KEL)	40,644,312 ▲ 0.37
Sui South Gas / Dec 23 Sui Southern Gas Company Limited(SSGC)	40,619,788 ▲ 0.76
Pak Elektron / Dec 23 Pak Elektron Limited(PAEL)	38,585,180 ▲ 1.96
Fauji Foods Ltd / Dec 23 Fauji Foods Limited(FFL)	35,015,764 ▲ 1.32
P.T.C.L. / Dec 23 Pakistan Telecommunication Company Ltd(PTC)	33,026,526 ▲ 2.58
B.O.Punjab / Dec 23 The Bank of Punjab(BOP)	29,495,012 ▲ 0.26

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Resident Pakistanis in UAE, UK: Rental income, capital gain not taxable: ATIR DB

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Pakistan must prepare to let go off the crutches of remittances

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Tax receipts must improve

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Sapphire Electronics to manufacture & assemble Samsung products in Pakistan

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EU strongly reacts to conviction of civilians by military court

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