News Archives for Print - 2019-07-01

UK's William and Kate announce Pakistan visit

Prince William and his wife Kate will visit Pakistan later this year on the first royal trip to the country in more than a decade, Kensington Palace announced Sunday. Pakistan has battled homegrown militants for more than a decade, with tens of thousands

Published 01 Jul, 2019 12:00am

UK's William and Kate announce Pakistan visit

Prince William and his wife Kate will visit Pakistan later this year on the first royal trip to the country in more than a decade, Kensington Palace announced Sunday. Pakistan has battled homegrown militants for more than a decade, with tens of thousands

Published 01 Jul, 2019 12:00am

Currency

THE RUPEE: weak trend

The rupee depreciated against the dollar amid rising demand for the US currency during the week, ended on June 29, 2019. The rupee lost Rs about Rs 3 against the dollar for buying and selling at Rs 159.75 and Rs 160.25.

Published 01 Jul, 2019 12:00am

Currency

THE RUPEE: weak trend

The rupee depreciated against the dollar amid rising demand for the US currency during the week, ended on June 29, 2019. The rupee lost Rs about Rs 3 against the dollar for buying and selling at Rs 159.75 and Rs 160.25.

Published 01 Jul, 2019 12:00am

Pak-Afghan match: Pakistan concerned at anti-country banners, scuffles

Pakistan on Sunday voiced 'deep concern' over what it described was the unruly conduct of certain spectators during the cricket match between Afghanistan and Pakistan played a day earlier on Saturday in England. "The flying of anti-Pakistan banners, unrul

Published 01 Jul, 2019 12:00am

Pak-Afghan match: Pakistan concerned at anti-country banners, scuffles

Pakistan on Sunday voiced 'deep concern' over what it described was the unruly conduct of certain spectators during the cricket match between Afghanistan and Pakistan played a day earlier on Saturday in England. "The flying of anti-Pakistan banners, unrul

Published 01 Jul, 2019 12:00am

Pak-Afghan match: Pakistan concerned at anti-country banners, scuffles

Pakistan on Sunday voiced ''deep concern'' over what it described was the unruly conduct of certain spectators during the cricket match between Afghanistan and Pakistan played a day earlier on Saturday in England. "The flying of anti-Pakistan banners, unr

Published 01 Jul, 2019 12:00am

Trump steps into North Korea in historic first

US President Donald Trump became the first sitting US president to set foot in North Korea on Sunday when he met its leader, Kim Jong Un, in the Demilitarized Zone (DMZ) between the two Koreas and agreed to resume stalled nuclear talks. The meeting, initi

Published 01 Jul, 2019 12:00am

Trump steps into North Korea in historic first

US President Donald Trump became the first sitting US president to set foot in North Korea on Sunday when he met its leader, Kim Jong Un, in the Demilitarized Zone (DMZ) between the two Koreas and agreed to resume stalled nuclear talks. The meeting, initi

Published 01 Jul, 2019 12:00am

Exchange

Amnesty scheme deadline extended by only three days

The government has announced three-day extension in the date of Asset Declaration Scheme till July 3 and appealed to the people to avail this opportunity as the newly constituted Benami Commission would swing into action against undeclared assets.

Published 01 Jul, 2019 12:00am

Exchange

Amnesty scheme deadline extended by only three days

The government has announced three-day extension in the date of Asset Declaration Scheme till July 3 and appealed to the people to avail this opportunity as the newly constituted Benami Commission would swing into action against undeclared assets.

Published 01 Jul, 2019 12:00am

Exchange

Amnesty scheme deadline extended by only three days

The government has announced three-day extension in the date of Asset Declaration Scheme till July 3 and appealed to the people to avail this opportunity as the newly constituted Benami Commission would swing into action against undeclared assets.

Published 01 Jul, 2019 12:00am

Exchange

'Finance minister should never speak on exchange rate'

Adviser to the Prime Minister on Finance Dr Abdul Hafeez Sheikh when asked by Business Recorder how the budget estimates, based on an exchange rate of Rs 150 to a dollar would be reconciled with the existing rate of Rs 163 to a dollar inexplicably

Published 01 Jul, 2019 12:00am

Exchange

'Finance minister should never speak on exchange rate'

Adviser to the Prime Minister on Finance Dr Abdul Hafeez Sheikh when asked by Business Recorder how the budget estimates, based on an exchange rate of Rs 150 to a dollar would be reconciled with the existing rate of Rs 163 to a dollar inexplicably

Published 01 Jul, 2019 12:00am

Exchange

''Finance minister should never speak on exchange rate''

Adviser to the Prime Minister on Finance Dr Abdul Hafeez Sheikh when asked by Business Recorder how the budget estimates, based on an exchange rate of Rs 150 to a dollar would be reconciled with the existing rate of Rs 163 to a dollar inexplicably

Published 01 Jul, 2019 12:00am

Benami Transactions (Prohibition) Act: Adjudicating Authority notified

Federal government has established the Adjudicating Authority under Benami Transactions (Prohibition) Act-2017. A notification for the appointment of Jamil Ahmed, a retired Pakistan Administrative Officer as Chairperson of the Adjudicating Authority has b

Published 01 Jul, 2019 12:00am

Benami Transactions (Prohibition) Act: Adjudicating Authority notified

Federal government has established the Adjudicating Authority under Benami Transactions (Prohibition) Act-2017. A notification for the appointment of Jamil Ahmed, a retired Pakistan Administrative Officer as Chairperson of the Adjudicating Authority has b

Published 01 Jul, 2019 12:00am

Benami Transactions (Prohibition) Act: Adjudicating Authority notified

Federal government has established the Adjudicating Authority under Benami Transactions (Prohibition) Act-2017. A notification for the appointment of Jamil Ahmed, a retired Pakistan Administrative Officer as Chairperson of the Adjudicating Authority has b

Published 01 Jul, 2019 12:00am

Benami Transactions (Prohibition) Act: Adjudicating Authority notified

Federal government has established the Adjudicating Authority under Benami Transactions (Prohibition) Act-2017. A notification for the appointment of Jamil Ahmed, a retired Pakistan Administrative Officer as Chairperson of the Adjudicating Authority has b

Published 01 Jul, 2019 12:00am

FBR chief optimistic about collection target

Chairman Federal Board of Revenue (FBR) Shabbar Zaidi has said that the revenue collection of the Federal Board of Revenue (FBR) would cross Rs 3,842 billion during 2019-20. When Business Recorder Sunday asked FBR Chairman whether FBR collection in

Published 01 Jul, 2019 12:00am

FBR chief optimistic about collection target

Chairman Federal Board of Revenue (FBR) Shabbar Zaidi has said that the revenue collection of the Federal Board of Revenue (FBR) would cross Rs 3,842 billion during 2019-20. When Business Recorder Sunday asked FBR Chairman whether FBR collection in

Published 01 Jul, 2019 12:00am

FBR chief optimistic about collection target

Chairman Federal Board of Revenue (FBR) Shabbar Zaidi has said that the revenue collection of the Federal Board of Revenue (FBR) would cross Rs 3,842 billion during 2019-20. When Business Recorder Sunday asked FBR Chairman whether FBR collection in

Published 01 Jul, 2019 12:00am

Shah Jahan Mirza likely to be made PPIB MD

The Pakistan Tahreek-e-Insaf (PTI) government is all set to reappoint Shah Jahan Mirza as Managing Director Private Power & Infrastructure Board (PPIB) who was in hot waters during the last one year of PML (N) government, sources close to Minister for Pow

Published 01 Jul, 2019 12:00am

Shah Jahan Mirza likely to be made PPIB MD

The Pakistan Tahreek-e-Insaf (PTI) government is all set to reappoint Shah Jahan Mirza as Managing Director Private Power & Infrastructure Board (PPIB) who was in hot waters during the last one year of PML (N) government, sources close to Minister for Pow

Published 01 Jul, 2019 12:00am

Shah Jahan Mirza likely to be made PPIB MD

The Pakistan Tahreek-e-Insaf (PTI) government is all set to reappoint Shah Jahan Mirza as Managing Director Private Power & Infrastructure Board (PPIB) who was in hot waters during the last one year of PML (N) government, sources close to Minister for Pow

Published 01 Jul, 2019 12:00am

Exchange

GST on POL products increased: petrol prices remain Unchanged

The government has maintained prices of petroleum products at current level and revised upward the General Sale Tax (GST) rate on POL products during July 2019. On Sunday, Ministry of Finance stated that the government has decided not to increase in the p

Published 01 Jul, 2019 12:00am

Exchange

GST on POL products increased: petrol prices remain Unchanged

The government has maintained prices of petroleum products at current level and revised upward the General Sale Tax (GST) rate on POL products during July 2019. On Sunday, Ministry of Finance stated that the government has decided not to increase in the p

Published 01 Jul, 2019 12:00am

Exchange

GST on POL products increased: petrol prices remain Unchanged

The government has maintained prices of petroleum products at current level and revised upward the General Sale Tax (GST) rate on POL products during July 2019. On Sunday, Ministry of Finance stated that the government has decided not to increase in the p

Published 01 Jul, 2019 12:00am

Exchange

GST on POL products increased: petrol prices remain Unchanged

The government has maintained prices of petroleum products at current level and revised upward the General Sale Tax (GST) rate on POL products during July 2019. On Sunday, Ministry of Finance stated that the government has decided not to increase in the p

Published 01 Jul, 2019 12:00am

New sale price of gas notified

The Oil and Gas Regularity Authority (OGRA) has notified on Sunday new sale price of gas up to 198 percent with effect from July 1, 2019. The government increased the tariff above the recommended gas tariff of OGRA for current financial year as government

Published 01 Jul, 2019 12:00am

New sale price of gas notified

The Oil and Gas Regularity Authority (OGRA) has notified on Sunday new sale price of gas up to 198 percent with effect from July 1, 2019. The government increased the tariff above the recommended gas tariff of OGRA for current financial year as government

Published 01 Jul, 2019 12:00am

New sale price of gas notified

The Oil and Gas Regularity Authority (OGRA) has notified on Sunday new sale price of gas up to 198 percent with effect from July 1, 2019. The government increased the tariff above the recommended gas tariff of OGRA for current financial year as government

Published 01 Jul, 2019 12:00am

Exchange

Equities remain stressful

Pakistan Stock Exchange remained under heavy pressure during the outgoing week ended on June 28, 2019 due to selling in almost all sectors. The stock market closed on negative note during first four trading sessions, however investors' confidence revived

Published 01 Jul, 2019 12:00am

Exchange

Equities remain stressful

Pakistan Stock Exchange remained under heavy pressure during the outgoing week ended on June 28, 2019 due to selling in almost all sectors. The stock market closed on negative note during first four trading sessions, however investors' confidence revived

Published 01 Jul, 2019 12:00am

Exchange

Equities remain stressful

Pakistan Stock Exchange remained under heavy pressure during the outgoing week ended on June 28, 2019 due to selling in almost all sectors. The stock market closed on negative note during first four trading sessions, however investors'' confidence revived

Published 01 Jul, 2019 12:00am

Futures spread down by 800 basis points

The futures spread declined by 800bps to negative 4.53 percent on the last day of the outgoing week. Trading activities on futures counter improved significantly as average daily volumes increased by 60.5 percent to 100.84 million shares. Average daily tr

Published 01 Jul, 2019 12:00am

Futures spread down by 800 basis points

The futures spread declined by 800bps to negative 4.53 percent on the last day of the outgoing week. Trading activities on futures counter improved significantly as average daily volumes increased by 60.5 percent to 100.84 million shares. Average daily tr

Published 01 Jul, 2019 12:00am

Cool reprieve for parts of Europe as Germany roasts

A welcome dip in temperatures came to parts of Europe on Sunday, bringing relief to areas which have sweltered through a widespread, deadly heatwave for nearly a week. Hot-weather warnings were lifted across north and west France, days after the country p

Published 01 Jul, 2019 12:00am

Haftar forces say destroy Turkish drone

The forces of Libyan strongman Khalifa Haftar said Sunday they had destroyed a Turkish drone in a strike on an airport in Tripoli. "Our fighter (jets) targeted and destroyed a Turkish Bayraktar aircraft as it was taking off" from Mitiga airport, Haftar's

Published 01 Jul, 2019 12:00am

Exchange

Afghan Taliban say latest talks with US are 'critical'

The Taliban said Sunday that the latest round of peace talks with the United States is "critical" as the two sides "rewrite" a draft agreement in which American forces would withdraw from Afghanistan in exchange for guarantees from the insurgents that the

Published 01 Jul, 2019 12:00am

Beijing opens more sectors to foreign investment

China will soften or lift restrictions on foreign investment in new sectors from July 30, authorities announced Sunday, after Beijing and Washington decided to restart negotiations in their trade war. Foreign investors in China have long complained of unf

Published 01 Jul, 2019 12:00am

Beijing opens more sectors to foreign investment

China will soften or lift restrictions on foreign investment in new sectors from July 30, authorities announced Sunday, after Beijing and Washington decided to restart negotiations in their trade war. Foreign investors in China have long complained of unf

Published 01 Jul, 2019 12:00am

Beijing opens more sectors to foreign investment

China will soften or lift restrictions on foreign investment in new sectors from July 30, authorities announced Sunday, after Beijing and Washington decided to restart negotiations in their trade war. Foreign investors in China have long complained of unf

Published 01 Jul, 2019 12:00am

Vietnam and EU sign 'milestone' free trade agreement

The European Union and Vietnam on Sunday signed a long-awaited free trade deal that will slash duties on almost all goods, an agreement that pushes back against a rising tide of global protectionism and hailed as a "milestone" by Brussels. The signing com

Published 01 Jul, 2019 12:00am

Vietnam and EU sign 'milestone' free trade agreement

The European Union and Vietnam on Sunday signed a long-awaited free trade deal that will slash duties on almost all goods, an agreement that pushes back against a rising tide of global protectionism and hailed as a "milestone" by Brussels. The signing com

Published 01 Jul, 2019 12:00am

Vietnam and EU sign ''milestone'' free trade agreement

The European Union and Vietnam on Sunday signed a long-awaited free trade deal that will slash duties on almost all goods, an agreement that pushes back against a rising tide of global protectionism and hailed as a "milestone" by Brussels. The signing com

Published 01 Jul, 2019 12:00am

Iran announces visa waiver for Chinese tourists

Iran will no longer require Chinese visitors to obtain visas, state media reported Sunday, as the sanctions-hit country attempts to boost tourism in the face of an economic crisis. "The cabinet has agreed to waive visa requirements for Chinese nationals e

Published 01 Jul, 2019 12:00am

Iran announces visa waiver for Chinese tourists

Iran will no longer require Chinese visitors to obtain visas, state media reported Sunday, as the sanctions-hit country attempts to boost tourism in the face of an economic crisis. "The cabinet has agreed to waive visa requirements for Chinese nationals e

Published 01 Jul, 2019 12:00am

Iran announces visa waiver for Chinese tourists

Iran will no longer require Chinese visitors to obtain visas, state media reported Sunday, as the sanctions-hit country attempts to boost tourism in the face of an economic crisis. "The cabinet has agreed to waive visa requirements for Chinese nationals e

Published 01 Jul, 2019 12:00am

Zero-rated regime: withdrawal may lead to 20-30 percent decline in exports

The government decision to bring five zero rated sectors under standard sales tax rate of 17 percent from July 1, 2019 may lead to 20-30 percent decline in exports, informed sources in industry told Business Recorder.

Published 01 Jul, 2019 12:00am

Zero-rated regime: withdrawal may lead to 20-30 percent decline in exports

The government decision to bring five zero rated sectors under standard sales tax rate of 17 percent from July 1, 2019 may lead to 20-30 percent decline in exports, informed sources in industry told Business Recorder.

Published 01 Jul, 2019 12:00am

Zero-rated regime: withdrawal may lead to 20-30 percent decline in exports

The government decision to bring five zero rated sectors under standard sales tax rate of 17 percent from July 1, 2019 may lead to 20-30 percent decline in exports, informed sources in industry told Business Recorder.

Published 01 Jul, 2019 12:00am

Exchange

Support for economic policies

The Chief of Army Staff, General Qamar Bajwa, speaking at a seminar organised by the Institute of Strategic Studies, Research and Analysis held at National Defence University, came out strongly in support of the government's economic policies that are sou

Updated 01 Jul, 2019 05:15am

Elected or selected?

The freedom of speech on the floor of parliament is an unquestioned privilege of an elected member, but this right can be exercised within certain parameters defined by the Rules of Business. It is the Speaker of parliament who decides whether a word or p

Updated 01 Jul, 2019 05:13am

Exchange

The tax man cometh

The government will begin tabulating two critical sources of revenue on the first day of fiscal year 2019-20 (today) - figures that may compel it to readjust its budget deficit targets for the outgoing year and adjust some projections for the current year

Published 01 Jul, 2019 12:00am

Changing perception, changing speculation

"A journey of a 1000 miles begins with one step." Lao Tzu. Changing perception about people is tough, changing perception about countries is perhaps the toughest. However, conquering the Everest also starts with some initial steps in the right direction.

Published 01 Jul, 2019 12:00am

'Golden age' of Australian economy fades as dark clouds loom

Australia's record-breaking economic run isn't about to end because of a ban on plastic bags - as one lobby group spuriously claimed - but consumers are buying less, offering a cautionary tale for the rest of the world. Once dubbed the "Goldilocks economy

Published 01 Jul, 2019 12:00am

Rental power dispute

How unfortunate it is that the rental power dispute between the government of Pakistan and Turkish power company still remains unresolved. According to a Business Recorder news report, the parleys between government of Pakistan and Turkish firm M/s

Published 01 Jul, 2019 12:00am

JI won't become part of PPP, PML-N's politics: Siraj

Jamaat-e-Islami Pakistan (JI) chief Senator Sirajul Haq on Sunday said his party will not become part of the politics of Pakistan People's Party (PPP) and Pakistan Muslim League (PML-N) in their ongoing anti-government campaign. Addressing his party's pro

Published 01 Jul, 2019 12:00am

Senior journalist Anil Datta laid to rest

The funerals of veteran journalist Anil Datta was held at the Holy Trinity Cathedral, Church nearby the Sindh Governor's House here on Friday. Anil Datta had passed away due to sudden cardiac arrest while taking to the hospital here on Friday. The decease

Published 01 Jul, 2019 12:00am

Sindh government urged to declare rabies emergency

Expressing grave concern over rising number of dog bite cases in Sindh including the megacity Karachi, Pasban Democratic Party (PDP) here Sunday demanded of the Sindh government to declare a rabies emergency in the province immediately. Pasban Democratic

Published 01 Jul, 2019 12:00am

QWP terms budget 'controversial'

Commenting on the passage of the federal budget in the National Assembly, Qaumi Watan Party (QWP) Chairman Aftab Ahmad Khan Sherpao has termed the budget controversial and said the government did not give any relief to the people. QWP chairman was address

Published 01 Jul, 2019 12:00am

Wahab slams hike in gas and electricity tariffs

Adviser to Sindh Chief Minister on Information & Archives, Law and Anti-Corruption Barrister Murtaza Wahab in a statement on Sunday said that the country is at the edge of devastation owing to absurd rulers. The adviser said that if it were left to the in

Published 01 Jul, 2019 12:00am

Terrorism financing: CTD Punjab ensures conviction of JuD, JeM leaders

The Counter-Terrorism Department (CTD) Punjab claimed on Sunday to have ensured conviction of four local leaders of Jamat-ud-Dawa (JuD) and eight local leaders of Jaish-e-Muhammad (JeM) for terrorism financing in cases registered by the CTD Punjab. Accord

Published 01 Jul, 2019 12:00am

Cotton

Weekly cotton review: bearish trend witnessed

Bearish trend was seen in the prices of new cotton crop. People showed interest in business. The price of cotton fell by Rs 1600 per maund since the arrival of the new crop till now. The crop in Punjab affected by rains and the crop in Sindh was affected

Published 01 Jul, 2019 12:00am

Cotton

Weekly cotton review: bearish trend witnessed

Bearish trend was seen in the prices of new cotton crop. People showed interest in business. The price of cotton fell by Rs 1600 per maund since the arrival of the new crop till now. The crop in Punjab affected by rains and the crop in Sindh was affected

Published 01 Jul, 2019 12:00am

Zardari can get elected anyone as Senate chief: Murad

The Chief Minister Sindh Syed Murad Ali Shah said that Asif Zardari always put his words into practice. He said he did not think that Asif Zardari would be the chairman of senate however he (Asif Zardari) could make anyone he wants a chairman of senate as

Published 01 Jul, 2019 12:00am

PPP holds protest rally against federal budget

As part of its campaign against the federal fiscal budget, hike in prices of essential commodities and 'politically-motivated' arrests, Pakistan People's Party (PPP) a protest rally at Al-Asif bus terminal on superhighway, here on Sunday. Party workers an

Published 01 Jul, 2019 12:00am

Foreign diplomats, newsmen visit China's Hebei province

A delegation of foreign diplomats and journalists based in the Chinese capital visited Handan city, Hebei province for a better understanding about its social development and economic upgrading, it achieved during the last few years. The two-day tour was

Published 01 Jul, 2019 12:00am

Import of coal likely to surge by 2020

Pakistan's coal imports may surge to 20 million tons per annum by 2020 due to the planned expansion of cement manufacturers and coal-based power plants scheduled to come online in a couple of years.

Published 01 Jul, 2019 12:00am

Measures to curb canal water-theft urged

Divisional Commissioner Mehmud Javed Bhatti has directed for taking appropriate measures to curb the incidents of canal water theft in Faisalabad Division. Presiding over a meeting to review the matters relating to the canal water theft, he directed for r

Published 01 Jul, 2019 12:00am

Previous served their own interests: CM

Chief Minister Punjab Sardar Usman Buzdar said that as per vision of Prime Minister Imran Khan, Punjab government is acting on the policy of austerity, saving and transparency. We are spending each and every penny as a sacred property of public. He said t

Published 01 Jul, 2019 12:00am

1,034 awarded degrees at LUMS convocation

The Lahore University of Management Sciences (LUMS) celebrated its 31st convocation with fervour here on Sunday with 1034 students receiving degrees. Prime Minister's Special Assistant and Federal Minister for Poverty Alleviation and Social Protection Dr

Published 01 Jul, 2019 12:00am

Punjab Higher Education department's policies lauded

The Punjab Professors and Lecturers' Association (PPLA) on Sunday praised the Punjab Higher Education Department's policies. According to a press release, PPLA president Hafiz Abdul Khaliq Nadeem said that the current policies of the department had helped

Published 01 Jul, 2019 12:00am

Tax consultants suggest manual system for ADS

Although the federal government extended on Sunday the deadline of the Assets Declaration Scheme to July 3, the tax consultants have strongly objected to the government's move of online uploading data of citizens and demanded manual system for the filing

Published 01 Jul, 2019 12:00am

Sialkot industrial sector needs: PRGMEA demands constitution of task force

Chief Coordinator Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Ijaz A Khokhar has urged the government to constitute a Special Task Force for conducting a detailed study and ascertaining the basic needs Sialkot-based indust

Published 01 Jul, 2019 12:00am

Dolphin force to ensure safety of tourists in Murree: Buzdar

On special instructions of Chief Minister Punjab Sardar Usman Buzdar, Dolphin Force has been deployed in Murree on Sunday, who started patrolling in streets in order to ensure safety of citizens and tourists.

Published 01 Jul, 2019 12:00am

No justification for demand of mid-term elections: Qureshi

Foreign Minister Makhdoom Shah Mehmood Qureshi said on Sunday that the demand of mid-term elections was unjustified. Talking to the media in Jahanian, he said that general elections held in recent past, hardly one year ago, and there was no justification

Published 01 Jul, 2019 12:00am

Agriculture department seeks to reclaim water-logged, saline land

The agriculture department is paying special attention on reclamation of the land badly affected by water-logging and salinity in various districts of Punjab.

Published 01 Jul, 2019 12:00am

KP tax, non-tax receipts for FY20 to stand at Rs 53.4 billion

The provincial government of Khyber Pakhtunkhwa will collect an estimated amount of Rs 53.4 billion in head of tax and non-tax receipts during financial year 2019-20, said White Paper on KP Budget. The provincial government in head of tax receipt will col

Published 01 Jul, 2019 12:00am

Train fares to go up from today

Pakistan Railways (PR) will increase the fares of passenger and inter-city passenger trains from 2 percent to 8.5 percent from July 1st. According to a PR spokesman, the increase in the fares has been done through a rational way after the careful study of

Published 01 Jul, 2019 12:00am

Six killed in Mansehra road mishap

Six people were killed while four others including women injured when a vehicle of a wedding party fell into a deep ravine in Garhi Habibullah area of the district Mansehra on Saturday night. According to the police, a jeep that was part of a convoy of ve

Published 01 Jul, 2019 12:00am

Rs 5 billion plan to track agriculture sector on modern lines

The Agriculture department said on Sunday that a well knitted plan costing over Rs 5 billion has been chalked out for putting agri-sector on modern lines. Sources in the department told Business Recorder that the basic concept of plan was to improv

Published 01 Jul, 2019 12:00am

Fish exports shrink 4.11 percent to $406 million

The exports of fish and its preparations decreased by 4.11 percent during the fiscal year 2018-19 as compared to the corresponding period of last year. The seafood exports during July-May (2018-19) were recorded at $406.565 million against the exports of

Published 01 Jul, 2019 12:00am

KP health policy approved, says minister

KP Minister for Health, Dr Hisham Inamullah Khan has said that the provincial government has recently approved health policy and health strategic plan ((2019-25) to provide better health facilities to the people. He was addressing at the first quarterly r

Published 01 Jul, 2019 12:00am

ANP leader's murder case registered

Local police on Sunday registered a murder case of the Awami National Party (ANP) district Peshawar president Sartaj Khan, who was killed by unknown motorcycle riders in Peshawar on Saturday. The case was registered by Gulbahar Police Station on the compl

Published 01 Jul, 2019 12:00am

Dehydration unit setup: SMEDA offers financial assistance to business community

Small & Medium Enterprises Development Authority (SMEDA) has offered financial assistance to the business community in southern districts of Khyber Pakhtunkhwa for establishing fruit, vegetable and meat dehydration units under its Economic Revitalization

Published 01 Jul, 2019 12:00am

Blood donation camp

A blood donation camp was organised by joint efforts of UNHCR and Hamza Foundation welfare thalassemia hospital and Blood Services Peshawar at University Town Peshawar. The main purpose of the blood donation camp was to collect blood from healthy individu

Published 01 Jul, 2019 12:00am

New chairman Senate: agreement on finalising candidature a challenging task

Agreement on finalising the candidature for new chairman Senate would be a challenging task for the two major political parties -Pakistan Muslim League-Nawaz (PML-N) and Pakistan People's Party (PPP). The removal would be subject to the finalization of th

Published 01 Jul, 2019 12:00am

Government urged not to register new rickshaw & Qingqi

Auto-rickshaws owners and drivers demanded of the provincial Excise, Taxation and Narcotics Control department to stop registration of new auto-rickshaws and qingqi, which were causing traffic mess in the provincial capital, what they termed the policy wa

Published 01 Jul, 2019 12:00am

Cotton

Farmers may launch protest across country

The farmer's community has hinted launching a countrywide protest against the government's failure to meet their demands regarding reducing input costs and providing other incentives to the agriculture sector. Pakistan Kissan Ittehad (PKI), farmers' repre

Published 01 Jul, 2019 12:00am

'We are twice as efficient as other Karachi ports' an interview with Captain Syed Rashid Jamil, Head of Business Unit, Hutchison Ports Pakistan

Hutchison Ports is the world's leading port network spread across 27 countries globally, including Pakistan. BR Research sat down with their General Manager and Head of Business Unit, Captain Syed Rashid Jamil to talk about Hutchison Ports' operations in

Published 01 Jul, 2019 12:00am

'We are twice as efficient as other Karachi ports' an interview with Captain Syed Rashid Jamil, Head of Business Unit, Hutchison Ports Pakistan

Hutchison Ports is the world's leading port network spread across 27 countries globally, including Pakistan. BR Research sat down with their General Manager and Head of Business Unit, Captain Syed Rashid Jamil to talk about Hutchison Ports' operations in

Published 01 Jul, 2019 12:00am

Performance of medical colleges to be evaluated annually: PMDC

Pakistan Medical and Dental Council (PMDC) has planned to evaluate the performance of all public and private medical and dental colleges to have their annual quality categorization and pointing out loopholes in the system.

Published 01 Jul, 2019 12:00am

Man arrested for killing transgender

A transgender person 'Maya' has been allegedly killed by his father and thrown the body near Kabul River in Khat Qila area of Nowshera, police sources said on Sunday. Police have arrested the father of the 19-year old transgender person 'Maya' and started

Published 01 Jul, 2019 12:00am

Prices of essential food items witness mixed trend

Mixed trend in prices of essential food commodities, including vegetable, pulses, fruits, sugar, flour, chicken meat and other was witnessed in retail market, according to survey conducted by Business Recorder here on Sunday. The survey noticed the

Published 01 Jul, 2019 12:00am

EU top jobs summit in trouble as compromise fails

European leaders embarked on what could prove a long night of furious debate Sunday as a bid to find compromise on Brussels' top jobs ran into stiff opposition. France's President Emmanuel Macron and Germany's Chancellor Angela Merkel came to Brussels aft

Published 01 Jul, 2019 12:00am

Togo votes in first local elections in over 30 years

Togo Sunday held its first local elections in 32 years - during which a single family has ruled the West African nation - with most opposition parties taking part after boycotting 2018 parliamentary polls. The elections "mark a major advance in the establ

Published 01 Jul, 2019 12:00am

Thousands protest in Brazil in support of justice minister

Thousands protested in Brazil on Sunday in support of Justice Minister Sergio Moro, who is battling claims he conspired with prosecutors on his anti-corruption drive to keep former leader Luis Inacio Lula da Silva from another presidential run. Moro, who

Published 01 Jul, 2019 12:00am

Six Turks held in Libya by forces linked to strongman Haftar

Turkey said Sunday six of its nationals were being held by forces of Libyan strongman Khalifa Haftar after earlier warning Ankara was ready to retaliate against attacks. Haftar has ordered attacks on Turkish ships and interests after he recently lost grou

Published 01 Jul, 2019 12:00am

Currency	Rate
USD PKR Interbank Selling / Mar 7	280.17
USD PKR Interbank Buying / Mar 7	279.97
USD to Japanese Yen / Mar 7	148.06
USD to Swiss Franc / Mar 7	0.88
Pound Sterling to USD / Mar 7	1.29
Euro to USD / Mar 7	1.08
UK LIBOR % / Mar 6	4.96

Stock	Volume
S&P 500 / Mar 7	5,746.85
India Sensex / Mar 7	74,332.58
Tokyo Nikkei / Mar 7	36,887.17
Nasdaq / Mar 7	18,211.25
Hang Seng / Mar 7	24,231.30
FTSE 100 / Mar 7	8,679.88
Dow Jones / Mar 7	42,829.44
Germany DAX 30 / Mar 7	23,008.94
France CAC40 / Mar 7	8,120.80

Item	Value
Crude Oil USD/Barrel / Mar 7	67.03
Karachi Cotton PKR/37.32 KG / Mar 7	17,585
Gold 10 Grams PKR / Mar 7	263,203
Gold Spot USD/Ounce / Mar 7	2,916.80
Cotton US¢/pound / Mar 7	66.07
Petrol/Litre / Mar 8	255.63
Diesel/Litre / Mar 8	258.64

Stock	Price
Premier Insurance / Mar 7 Premier Insurance Limited(PINL)	5.49 ▲ 0.61 (12.5%)
Tariq Corp.Pref. / Mar 7 Tariq Corporation Limited-Preference Shares(TCORPCPS)	8.42 ▲ 0.92 (12.27%)
At-Tahur Ltd. / Mar 7 At-Tahur Limited(PREMA)	29.23 ▲ 2.66 (10.01%)
Ahmad Hassan / Mar 7 Ahmad Hassan Textile Mills Limited(AHTM)	59.40 ▲ 5.4 (10%)
Pak Datacom / Mar 7 Pak Datacom Limited(PAKD)	99.54 ▲ 9.05 (10%)
Apna Microfin. / Mar 7 Apna Microfinance Bank Limited(AMBL)	11.25 ▲ 1.02 (9.97%)
PIA Holding Co.B / Mar 7 PIA Holding Company Limited B(PIAHCLB)	827 ▲ 74.61 (9.92%)
Engro Poly(Pref / Mar 7 Engro Poly(Pref)(EPCLPS)	12.21 ▲ 1.1 (9.9%)
Masood Textile / Mar 7 Masood Textile Mills Limited(MSOT)	61 ▲ 5.45 (9.81%)
Pak Paper Prod / Mar 7 Pakistan Paper Products Limited(PPP)	183 ▲ 15.42 (9.2%)

Stock	Price
Int. Knit. / Mar 7 International Knitwear Limited(INKL)	17.89 ▼ -1.99 (-10.01%)
Ellcot Spinning / Mar 7 Ellcot Spinning Mills Limited(ELSM)	106.78 ▼ -11.86 (-10%)
Universal Ins. / Mar 7 The Universal Insurance Company Limited(UVIC)	9.01 ▼ -1 (-9.99%)
Unicap Modaraba / Mar 7 Unicap Modaraba(UCAPM)	3.05 ▼ -0.3 (-8.96%)
Power Cem(Pref) / Mar 7 Power Cement (Pref)(POWERPS)	13.15 ▼ -1.29 (-8.93%)
Pak. P.V.C. / Mar 7 Pakistan PVC Limited(PPVC)	8.28 ▼ -0.72 (-8%)
Agritech Limited / Mar 7 Agritech Limited(AGL)	54 ▼ -4.59 (-7.83%)
Invest Bank / Mar 7 Invest Capital Investment Bank Limited(ICIBL)	1.40 ▼ -0.1 (-6.67%)
Hafiz Ltd. / Mar 7 Hafiz Limited(HAFL)	265.06 ▼ -16.62 (-5.9%)
Reliance Cotton / Mar 7 Reliance Cotton Spinning Mills Limited(RCML)	480.36 ▼ -29.01 (-5.7%)

Stock	Volume
Fauji Cement / Mar 7 Fauji Cement Company Limited(FCCL)	57,186,347 ▲ 3.47
Pak Int.Bulk / Mar 7 Pakistan International Bulk Terminal(PIBTL)	48,305,211 ▼ -0.16
Sui South Gas / Mar 7 Sui Southern Gas Company Limited(SSGC)	23,565,729 ▲ 1.42
WorldCall Telecom / Mar 7 Worldcall Telecom Limited(WTL)	22,575,994 ▼ -0.01
Maple Leaf Cement / Mar 7 Maple Leaf Cement Factory Limited(MLCF)	22,361,248 ▲ 2.07
Oil & Gas Dev. / Mar 7 Oil & Gas Development Company Limited(OGDC)	18,047,822 ▲ 0.84
Pak Petroleum / Mar 7 Pakistan Petroleum Limited(PPL)	16,644,912 ▲ 2.4
At-Tahur Ltd. / Mar 7 At-Tahur Limited(PREMA)	14,546,590 ▲ 2.66
B.O.Punjab / Mar 7 The Bank of Punjab(BOP)	13,546,949 ▲ 0.1
P.S.O. / Mar 7 Pakistan State Oil Company Limited(PSO)	12,439,221 ▲ 24.96

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