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Nov 22, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2019-07-03
Euro perks up, dollar struggles in Europe
Currency

Euro perks up, dollar struggles in Europe

The dollar edged lower on Tuesday as optimism from a weekend trade truce between the United States and China faded, while the Aussie gained after the central bank cut interest rates as expected but signalled a more balanced outlook. Risky assets struggled
Published 03 Jul, 2019 12:00am
Early trade in New York: dollar slips from two-week highs
Currency

Early trade in New York: dollar slips from two-week highs

The dollar slipped from two-week highs on Tuesday, as optimism about easing trade tensions between the United States and China faded, even as US President Donald Trump turned his attention to the European Union with threats of additional tariffs. The Aust
Published 03 Jul, 2019 12:00am
Dollar climbs in New York as US-China trade tensions ease

Dollar climbs in New York as US-China trade tensions ease

The dollar rose to two-week highs on Monday after the United States and China agreed to resume trade talks, with investors selling safe-haven currencies such as the Japanese yen and Swiss franc as tensions eased between the world's two largest economies.
Published 03 Jul, 2019 12:00am
Bitcoin's losses grow; recoils 30 percent from 2019 highs
Currency

Bitcoin's losses grow; recoils 30 percent from 2019 highs

Bitcoin skidded as much as 9% on Tuesday, falling below the $10,000 mark and pushing losses to over 30% since the original cryptocurrency hit an 18-month-high last week. In volatile trading, bitcoin recovered some of that ground by early afternoon to trad
Published 03 Jul, 2019 12:00am
Most emerging Asian units slip
Currency

Most emerging Asian units slip

Most emerging Asian currencies lost ground against a broadly stronger dollar on Tuesday as uncertainty crept back over US-China trade deal, while weak factory data across the globe rekindled concerns about the health of the world economy. Initial enthusia
Published 03 Jul, 2019 12:00am
South Africa's rand up
Currency

South Africa's rand up

South Africa's rand firmed against the US dollar on Tuesday, helped by a weaker greenback as optimism about easing trade tensions between the United States and China faded, while stocks fell due to profit-taking. At 1535 GMT, the rand was 0.35% firmer at
Published 03 Jul, 2019 12:00am
Sterling, gilt yields tumble
Currency

Sterling, gilt yields tumble

Sterling extended losses against the dollar and euro on Tuesday while British government bond yields tumbled to 2-1/2-year lows as money markets raised their bets on a Bank of England interest rate cut in the coming year. Money markets that had assigned a
Published 03 Jul, 2019 12:00am
Aussie down, kiwi flat

Aussie down, kiwi flat

The Australian dollar pinned near one-week lows on Tuesday as the country's central bank cut its benchmark cash rate in a widely expected move and signalled it could go again, if needed. The Aussie dollar held at $0.6986, having dropped 0.9% overnight as
Published 03 Jul, 2019 12:00am
PMEX daily trading report
Exchange

PMEX daily trading report

On Monday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,034. The traded value of Metals, Energy and COTS/FX was recorded at PKR 19.110 billion and the number of lots traded 14,258. Major business was contributed by NSDQ100 amou
Published 03 Jul, 2019 12:00am
CBOT soyabean futures fall on improving US crop weather

CBOT soyabean futures fall on improving US crop weather

Chicago Board of Trade (CBOT) soyabean futures closed lower on Monday, retreating from early advances under pressure from improving weather that should bolster US production prospects, traders said. CBOT August soyabeans settled down 14-3/4 cents at $8.89
Published 03 Jul, 2019 12:00am
European wheat prices fall to two-week low

European wheat prices fall to two-week low

European wheat prices fell to a two-week low on Monday following a sharp drop on US markets, with traders still waiting for a clearer picture on any potential damage from the hot weather that hit western Europe in the past week. Front month September mill
Published 03 Jul, 2019 12:00am
Dry and hot weather pushes Russian wheat prices up

Dry and hot weather pushes Russian wheat prices up

Russian export prices for wheat rose last week as dry and hot weather added to continuing risks for all grain and sunflower seed crops in Russia, analysts said on Monday. Black Sea prices for the new Russian wheat crop with 12.5% protein content were $195
Published 03 Jul, 2019 12:00am
China's iron ore futures jump to record high
Exchange

China's iron ore futures jump to record high

Iron ore futures in China jumped to a record high on Monday, extending a rally driven by tight supply as well as expectations that surging steel prices will boost demand for the raw material. Steel futures rose, with construction material rebar booking it
Published 03 Jul, 2019 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 132,902 tonnes of cargo comprising 88,803 tonnes of import cargo and 44,099 tonnes of export cargo including 6,752 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargos of 88
Published 03 Jul, 2019 12:00am
Cotton market: prices firm as trade activity improves
Exchange

Cotton market: prices firm as trade activity improves

Prices firmly held the overnight levels amid improved business activity on the cotton market on Tuesday, dealers said. The official spot rate was up by Rs 100 to Rs 8100, they added. In ready session, around 6000 bales of cotton changed hands between Rs 8
Published 03 Jul, 2019 12:00am
Asia's gasoline at six-week high

Asia's gasoline at six-week high

Asia's gasoline crack on Monday surged 35.4% or $1.34 to touch a six-week high of $5.12 a barrel, supported by refinery outages in the United States and production cuts in Asia. Taiwan's Formosa Petrochemical Corp will lower its 540,000 barrels-per-day re
Published 03 Jul, 2019 12:00am
Last month hottest June on record

Last month hottest June on record

Last month was the hottest June ever recorded with soaring temperatures worldwide capped off by a record-breaking heatwave across Western Europe, satellite data showed Tuesday. Global readings taken by the EU-ran Copernicus Climate Change Service (C3S) sh
Published 03 Jul, 2019 12:00am
Germany fines Facebook for under-reporting Complaints

Germany fines Facebook for under-reporting Complaints

German authorities have fined Facebook 2 million euros ($2.3 million) for under-reporting complaints about illegal content on its social media platform in breach of the country's law on internet transparency. In a statement on Tuesday, Germany's Federal O
Published 03 Jul, 2019 12:00am
21 killed as monsoon chaos hits Mumbai

21 killed as monsoon chaos hits Mumbai

At least 21 people were killed in Mumbai Tuesday when a wall collapsed as the heaviest monsoon rains in a decade brought chaos to India's financial capital and surrounding areas. Scores more were injured when the structure came down around 2:00 am (2030 G
Published 03 Jul, 2019 12:00am
EU leaders strike deal to give two top jobs to women

EU leaders strike deal to give two top jobs to women

EU leaders on Tuesday struck a hard-fought summit deal to put women in two of the bloc's most important jobs for the first time. After three days of bitter wrangling, German Defence Minister Ursula von der Leyen was named to replace Jean-Claude Juncker at
Published 03 Jul, 2019 12:00am
14 crew killed in fire on Russian submersible

14 crew killed in fire on Russian submersible

Fourteen Russian seamen have died in a fire on a deep-water research submersible, Russia's defence ministry said Tuesday, the latest in a string of disasters and accidents to hit the country's navy. The tragedy in the far north has echoes of the sinking o
Published 03 Jul, 2019 12:00am
NASA tests launch-abort system for moon-mission capsule

NASA tests launch-abort system for moon-mission capsule

NASA carried out a successful test Tuesday of a launch-abort system for the Orion capsule designed to take US astronauts to the Moon. The three-minute exercise at Cape Canaveral in Florida aimed to test in almost real-life conditions the evacuation of ast
Published 03 Jul, 2019 12:00am
Oman denies diplomatic ties agreed with Israel

Oman denies diplomatic ties agreed with Israel

Oman on Tuesday denied it has agreed to establish diplomatic relations with Israel, a day after the Israeli intelligence chief said his country was renewing ties. Reports on the "establishment of diplomatic relations between the sultanate and Israel are b
Published 03 Jul, 2019 12:00am
Cotton futures gain on US-China trade deal hopes
Cotton

Cotton futures gain on US-China trade deal hopes

ICE cotton futures rose on Tuesday as optimism on a prospective trade truce between Washington and Beijing and uncertainty around the crop condition lent further support to the natural fibre. The most-active cotton contract on ICE Futures US, the third-mo
Published 03 Jul, 2019 12:00am
Deteriorating demand outlook pushes copper to two-week low
Exchange

Deteriorating demand outlook pushes copper to two-week low

Copper prices slid to two-week lows on Tuesday as the spotlight fell on gloomy prospects for economic growth and demand after a batch of weak manufacturing activity data from around the world. Benchmark copper on the London Metal Exchange was untraded at
Published 03 Jul, 2019 12:00am
Tokyo rubber plunges
Exchange

Tokyo rubber plunges

Tokyo Commodity Exchange (TOCOM) futures plunged to a nearly 1-1/2-month low on Tuesday as foreign funds stepped up unwinding their long positions, although buying from end-users in late trade helped the market recover some of earlier losses. The benchmar
Published 03 Jul, 2019 12:00am
Malaysian palm oil prices rise
Exchange

Malaysian palm oil prices rise

Malaysian palm oil futures rose on Tuesday, in line with rival soyaoil, but estimates of higher output and sluggish exports by the world's top producers limited gains. The benchmark palm oil contract on the Bursa Malaysia Derivatives Exchange closed up 0.
Published 03 Jul, 2019 12:00am
Arabica coffee stumbles after hitting seven-month high

Arabica coffee stumbles after hitting seven-month high

Arabica coffee futures on ICE fell on Tuesday as the market consolidated after hitting a seven-month high in the previous session on concerns over a forecast cold snap that could hurt crops in top producer Brazil. September arabica coffee fell 1.9 cents,
Published 03 Jul, 2019 12:00am
Gold falls in New York
Exchange

Gold falls in New York

Gold slid by as much as 2% on Monday as the dollar rallied and investors flocked to higher-risk assets after the agreement to resume of trade talks between the United States and China. Spot gold was down 1.66% to $1,385.75 per ounce at 1:46 p.m. EDT (1746
Published 03 Jul, 2019 12:00am
Gold surges in Asia
Exchange

Gold surges in Asia

Gold prices gained on Tuesday after a steep fall in the previous session, as investors fretted about an economic slowdown amid weak global manufacturing data and US-European trade ructions. Spot gold was up 0.6% at $1,392.91 per ounce at 0733 GMT, after f
Published 03 Jul, 2019 12:00am
Gold rises in Europe
Exchange

Gold rises in Europe

Gold prices rose 1% on Tuesday, a day after posting the biggest one-day percentage fall in 2-1/2 years, on mounting global trade tensions, worries over global economic growth and as US Treasury yields fell. Spot gold jumped 1.12% to $1,399.53 per ounce at
Published 03 Jul, 2019 12:00am
US MIDDAY: corn rises

US MIDDAY: corn rises

Chicago corn futures rose for the first time in four sessions on Tuesday on technical buying and lower-than-expected condition ratings for developing US crops, analysts said. Following widespread US planting delays this spring, traders have shifted their
Published 03 Jul, 2019 12:00am
US MIDDAY: gold jumps 1.5 percent
Exchange

US MIDDAY: gold jumps 1.5 percent

Gold prices rose 1.5% on Tuesday, a day after posting the biggest one-day percentage fall in 2-1/2 years, as US Treasury yields fell on worries over global growth and renewed concerns over global trade. Spot gold jumped 1.55% to $1,405.53 per ounce at 1:3
Published 03 Jul, 2019 12:00am
Rs 3.295 billion UVAS budget approved

Rs 3.295 billion UVAS budget approved

The Syndicate of University of Veterinary and Animal Science Lahore approved Rs 3.295 billion budgets for the financial year 2019-20 with focus on Innovation, research, development, improving facilities for quality of education, services and transfer of t
Published 03 Jul, 2019 12:00am
Bilawal being dragged in NAB cases: Kaira

Bilawal being dragged in NAB cases: Kaira

Pakistan People's Party (PPP) Punjab President Qamar Zaman Kaira slammed the ruling Pakistan Tehreek-e-Insaf (PTI) while regretting that Bilawal Bhutto-Zardari is being dragged in the National Accountability Bureau (NAB) cases. Addressing a press conferen
Published 03 Jul, 2019 12:00am
Shahbaz terms Rana's arrest 'worst oppression' against opposition

Shahbaz terms Rana's arrest 'worst oppression' against opposition

Terming Rana Sanaullah's arrest the worst oppression, injustice and use of force against opposition members by Imran Khan Niazi, PML-N President and leader of the Opposition in National Assembly Shahbaz Sharif alleged that the informant who gave the tip-o
Published 03 Jul, 2019 12:00am
Plea to upgrade textile sector

Plea to upgrade textile sector

Upgrade of textile sector is imperative to maintain the inherent edge of Faisalabad in national economy and textile exports, said Faisalabad Chamber of Commerce & Industry (FCCI) SVP Mian Tanveer Ahmed. He headed a delegation of FCCI which participated in
Published 03 Jul, 2019 12:00am
Sazgar Engineering Works Limited
Mutual Funds

Sazgar Engineering Works Limited

Sazgar Engineering Works Limited (PSX: SAZEW) is the leading three-wheeler manufacturer in Pakistan manufacturing auto rickshaws, automotive wheel rims used in tractors and household electric appliances. The company was incorporated in 1991 and only a few
Published 03 Jul, 2019 12:00am
Sazgar Engineering Works Limited
Mutual Funds

Sazgar Engineering Works Limited

Sazgar Engineering Works Limited (PSX: SAZEW) is the leading three-wheeler manufacturer in Pakistan manufacturing auto rickshaws, automotive wheel rims used in tractors and household electric appliances. The company was incorporated in 1991 and only a few
Published 03 Jul, 2019 12:00am
Shares investment for women entrepreneurs highlighted
Exchange

Shares investment for women entrepreneurs highlighted

In order to create awareness about the stock investments amongst the women entrepreneurs of Islamabad and Rawalpindi, an information session was held at ISE Auditorium Islamabad jointly by Pakistan Stock Exchange (PSX) and Zahid Latif Khan Securities (Pvt
Published 03 Jul, 2019 12:00am
Rs 638.91 billion released for uplift projects under PSDP

Rs 638.91 billion released for uplift projects under PSDP

The PTI government has released Rs 638.91 billion (94.65 percent) including Rs 207.75 billion foreign aid for different development projects under the Public Sector Development Programme (PSDP) 2018-19, which is 5.35 percent less than the total budgeted a
Published 03 Jul, 2019 12:00am
UN praises dedication of Pakistani troops

UN praises dedication of Pakistani troops

The United Nations has praised Pakistani troops for their great dedication and professionalism to the maintenance of international peace and security.
Published 03 Jul, 2019 12:00am
Ceremony to thank FAO held

Ceremony to thank FAO held

Thanking ceremony to FAO for Edouard Souma Award 2018-19 was held here at the Ministry of National Food Security and Research (NFS&R) on Tuesday. The Federal Minister thanked FAO for honoring and acknowledging Pakistan's efforts to control Foot and Mouth
Published 03 Jul, 2019 12:00am
CNTAC team meets Razak, discusses trade, investment
Cotton

CNTAC team meets Razak, discusses trade, investment

A Chinese delegation of National Textile and Apparel Council (CNTAC) called on Advisor to PM on Commerce, Textiles, Industries & Production and Investment Abdul Razak Dawood to deliberate upon bilateral trade and investment opportunities.
Published 03 Jul, 2019 12:00am
Separate business strategy urged for Sialkot
Exchange

Separate business strategy urged for Sialkot

Sialkot is an important economic hub and totally export-oriented city of the country and the only export-oriented city in Pakistan where 99 percent products produced and are exported to various parts of the globe. Through export, Sialkot based small and m
Published 03 Jul, 2019 12:00am
Absence of NHA chief irks Senate panel

Absence of NHA chief irks Senate panel

The absence of chairman National Highway Authority (NHA) from the scheduled meeting of the relevant committee of the Upper House of the Parliament drew the ire of the committee's chairman and members who said that the top bureaucrat attempted to 'insult'
Published 03 Jul, 2019 12:00am
BoR collects Rs 73.6 billion during 2018-19

BoR collects Rs 73.6 billion during 2018-19

Punjab Minister for Revenue Malik Mohammed Anwar has said that the Board of Revenue Punjab has collected revenue of Rs 73.6 billion during the financial year 2018-19.
Published 03 Jul, 2019 12:00am
Marble units observe strike against levy of GST
Exchange

Marble units observe strike against levy of GST

Marble Mines & Industries Development Association, Khyber Pakhtunkhwa Tuesday announced province wide shutter down strike against the levy of 17% GST on the sector in the budget 2019-20. Addressing a press conference, Mohammad Sajjad Khan, the chairman of
Published 03 Jul, 2019 12:00am
NA speaker proposes Pak-Russia joint parliamentary commission

NA speaker proposes Pak-Russia joint parliamentary commission

Speaker National Assembly Asad Qaiser has proposed the establishment of a Joint Parliamentary Commission for discussing and suggesting way forward for promotion of the bilateral economic and investment relations between Pakistan and Russian Federation.
Published 03 Jul, 2019 12:00am
PDWP okays uplift scheme costing Rs 400 million

PDWP okays uplift scheme costing Rs 400 million

The Punjab Provincial Development Working Party approved development scheme of P&D Sector with an estimated cost of Rs 400 million. The scheme was approved in the 1st meeting of Provincial Development Working Party (PDWP) of current fiscal year 2019-20 p
Published 03 Jul, 2019 12:00am
Rs 40,000 prize bonds: No ban on quantity for conversion: SBP

Rs 40,000 prize bonds: No ban on quantity for conversion: SBP

There is no restriction on quantity of Rs 40,000 denomination prize bonds for conversion; however, different options are available, stated State Bank of Pakistan (SBP) spokesperson in response to a query of Business Recorder According to the SBP,
Published 03 Jul, 2019 12:00am
Rs 40,000 prize bonds: No ban on quantity for conversion: SBP

Rs 40,000 prize bonds: No ban on quantity for conversion: SBP

There is no restriction on quantity of Rs 40,000 denomination prize bonds for conversion; however, different options are available, stated State Bank of Pakistan (SBP) spokesperson in response to a query of Business Recorder According to the SBP,
Published 03 Jul, 2019 12:00am
POL products' sales down by 27 percent on YoY
Currency

POL products' sales down by 27 percent on YoY

The overall petroleum products sales declined by 27 percent on year-on-year basis during the fiscal year 2019 due to economic slowdown and significant increase in petroleum prices after rupee devaluation. Excluding Furnace Oil (FO) sales, volumes declined
Published 03 Jul, 2019 12:00am
Six-day Young Leaders Conference begins in Lahore

Six-day Young Leaders Conference begins in Lahore

Pakistan's pioneering company in the branded biscuits industry, EBM has once again stepped up with its sponsorship for this year's 18th Young Leaders Conference. EBM has remained a founding partner of the School of Leadership for the YLC since 2002 and ha
Published 03 Jul, 2019 12:00am
VIS reaffirms entity ratings of Meezan Bank at AA+/A-1+

VIS reaffirms entity ratings of Meezan Bank at AA+/A-1+

VIS Credit Rating Company Limited (formerly JCR-VIS Credit Rating Company Limited) has reaffirmed the entity ratings of Meezan Bank at 'AA+/A-1+' (Double A Plus/ A-One Plus). VIS has also reaffirmed ratings of the outstanding Basel 3 Compliant Tier 1 and
Published 03 Jul, 2019 12:00am
VIS reaffirms entity ratings of Meezan Bank at AA+/A-1+

VIS reaffirms entity ratings of Meezan Bank at AA+/A-1+

VIS Credit Rating Company Limited (formerly JCR-VIS Credit Rating Company Limited) has reaffirmed the entity ratings of Meezan Bank at 'AA+/A-1+' (Double A Plus/ A-One Plus). VIS has also reaffirmed ratings of the outstanding Basel 3 Compliant Tier 1 and
Published 03 Jul, 2019 12:00am
Textile processing mills' operations remain suspended

Textile processing mills' operations remain suspended

Operation of textile processing mills remained suspended on the second day as their clients are not placing orders at new higher rates, after the imposition of 17 to 20 percent sales tax in the federal budget. A meeting of All Pakistan Textile Processing
Published 03 Jul, 2019 12:00am
All-out efforts being made to set up cancer health facilities: Murad

All-out efforts being made to set up cancer health facilities: Murad

Sindh Chief Minister Syed Murad Ali Shah has said that poor patients cannot afford expensive cancer treatment in private sector; therefore, government is working hard to establish cancer health facilities in the public sector. "Sindh government is also su
Published 03 Jul, 2019 12:00am
Chinese language included in SU's MPhil programme

Chinese language included in SU's MPhil programme

The academic committee of Area Study Centre Far East & South East Asia (ASCFESEA), University of Sindh has introduced a new discipline 'Far East Asian Studies' and recommended to start admissions to M Phil & PhD in it from the prevailing year. The meeting
Published 03 Jul, 2019 12:00am
Lawyers observe strike at SHC, City Courts

Lawyers observe strike at SHC, City Courts

Judicial activities largely suspended on Tuesday in Sindh High Court and City Courts after lawyers went on strike on the call of Pakistan Bar Council (PBC). PBC gave the call for strike against the filing of references of Supreme Court judge Justice Faez
Published 03 Jul, 2019 12:00am
Bye-poll NA-205, Ghotki-II: ET dismisses plea against PPP's candidate

Bye-poll NA-205, Ghotki-II: ET dismisses plea against PPP's candidate

An Election tribunal (ET) headed by Sindh High Court (SHC)'s judge Justice Muhammad Junaid Ghaffar dismissed the appeal against candidature of Sardar Bux Khan Mehr, Pakistan Peoples Party (PPP)'s candidate for bye-election NA-205, Ghotki-II. The candidatu
Published 03 Jul, 2019 12:00am
Commercial banks to issue property documents

Commercial banks to issue property documents

Announcing the initiative of issuing property documents through 24 commercial banks along with 'arazi' centres across the province, the Punjab Chief Minister Sardar Usman Buzdar Tuesday said the decision was taken to further ease the process of obtaining
Published 03 Jul, 2019 12:00am
CAA constructs seven washrooms at JIA

CAA constructs seven washrooms at JIA

Pakistan Civil Aviation Authority has constructed seven washrooms at the domestic arrival lounge of Jinnah International Airport which have been opened for passengers from today. Out of them, three washrooms are for ladies and four for gents. A separate p
Published 03 Jul, 2019 12:00am
11,530 bikers fined for not wearing helmets

11,530 bikers fined for not wearing helmets

The Karachi Traffic Police on Tuesday challaned a total of 115,30 motorcyclists for not using helmet and recovered an amount of Rs 17,29500 fine on 2nd day of the special campaign titled "No Helmet-No Ride". According to a spokesman for the Traffic Police
Published 03 Jul, 2019 12:00am
Bohra Jamaat delegation meets Sindh CM

Bohra Jamaat delegation meets Sindh CM

A delegation of Dawoodi Bohra Jamaat led by Kumail Younis met Sindh Chief Minister, Syed Murad Ali Shah here at CM House on Tuesday. The delegation invited the CM Sindh to visit their Crest of Al-Jamea-tus-Saifiya at North Nazimabad which the Chief Minist
Published 03 Jul, 2019 12:00am
Either restore zero-rating regime or suspend operation: LCCI

Either restore zero-rating regime or suspend operation: LCCI

The Lahore Chamber of Commerce and Industry (LCCI)has urged the government to either immediately restore zero-rating regime for five export industries or suspend the operation of the decision till an effective and efficient mechanism for refund of export
Published 03 Jul, 2019 12:00am
SECP's Rs 2.8 billion revised annual budget Approved
Exchange

SECP's Rs 2.8 billion revised annual budget Approved

The Policy Board of the Securities and Exchange Commission of Pakistan Tuesday approved the revised annual budget (2019-20) of the SECP, which is approximately Rs 2.8 billion. The SECP Policy Board met here at the SECP Headquarters on Tuesday under the ch
Published 03 Jul, 2019 12:00am
NA body voices concern over hike in gas prices

NA body voices concern over hike in gas prices

National Assembly's Standing Committee on Energy Tuesday expressed serious concerns over increase in recent hike in gas prices. The committee was chaired by MNA Imran Khattak which was held at the Parliament House. Member Committee Shazia Marri said that
Published 03 Jul, 2019 12:00am
PA adopts PTI resolution on formation of Provincial Finance Commission

PA adopts PTI resolution on formation of Provincial Finance Commission

The Sindh Assembly on Tuesday approved a private resolution seeking the government's policy to set up the Provincial Finance Commission in a bid to ensure a just distribution of funds to union council levels. PTI's lawmaker Bilal Ghaffar tabled a resoluti
Published 03 Jul, 2019 12:00am
Fake accounts, Park Lane cases: Zardari's remand extended for 13 days

Fake accounts, Park Lane cases: Zardari's remand extended for 13 days

An accountability court Tuesday extended the physical remand of former President Asif Ali Zardari for 13 days in the fake bank accounts and Park Lane cases. The National Accountability Bureau (NAB) officials produced Zardari before Accountability Court Ju
Published 03 Jul, 2019 12:00am
PPP, PML-N leaders: petition filed to declare production orders illegal

PPP, PML-N leaders: petition filed to declare production orders illegal

The Supreme Court has been requested to declare the production orders of Pakistan Muslim League-Nawaz (PML-N) and Pakistan People's Party (PPP) leaders, issued by the speakers of National, Punjab and Sindh assemblies, as illegal and set them aside. Asif N
Published 03 Jul, 2019 12:00am
Pakistan, Iran to discuss trade proposals today

Pakistan, Iran to discuss trade proposals today

A high level Iranian delegation headed by Iranian Commerce Minister Raza Rehmani is reaching Islamabad on a two day visit to attend Pak-Iran Joint Trade Committee (JTC) scheduled on Wednesday (today). Both countries are expected to discuss three proposals
Published 03 Jul, 2019 12:00am
SCCI to hold int'I expo by end-July

SCCI to hold int'I expo by end-July

Sarhad Chamber of Commerce and Industry (SCCI) in collaboration of GIZ will organize an International exhibition by end of July this year, to attract local and foreign investments in Khyber Pakhtunkhwa. This was disclosed during a consultative session on
Published 03 Jul, 2019 12:00am
Parliamentary panel considers five bills

Parliamentary panel considers five bills

A parliamentary panel Tuesday considered five bills submitted by members belonging to different political parties from both the opposition and treasury benches. The National Assembly Standing Committee on Law and Justice, which met here with MNA Riaz Faty
Published 03 Jul, 2019 12:00am
Cotton sowing witnesses 14 percent increase
Cotton

Cotton sowing witnesses 14 percent increase

Cotton cultivation during the current sowing season had witnessed 14% growth as compared to the corresponding period of last year and the crop had been cultivated over 2.65 million hectares of land across the cotton growing areas of the country. The cotto
Published 03 Jul, 2019 12:00am
Plight of pharma sector

Plight of pharma sector

The entire economy is collapsing and it is increasing becoming impossible to do business in Pakistan. For the pharma sector, the government is acting like an ostrich and refuses to recognise the costing issues that the pharmaceutical industry is facing. I
Published 03 Jul, 2019 12:00am
Diminishing musharika
Exchange

Diminishing musharika

Conceptually, Islamic Banking broadly connotes as a banking which is in consonance with the ethos and value system of Islam and is being governed by the principles of Islamic Shariah and under the regulatory regime of the State Bank of Pakistan.
Published 03 Jul, 2019 12:00am
Digital economy, the next winner

Digital economy, the next winner

Pakistan is fast running short of dollars. One sure way of earning these is to boost exports, which in the case of Pakistan have remained sluggish over the last at least five years. Attempts to revive exports-led industrialization would surely make a diff
Published 03 Jul, 2019 12:00am
Hopes and frustrations

Hopes and frustrations

Frustrated by the lack of any progress on the six points that Sardar Akhtar Mengal enunciated as the basis for becoming a coalition partner of the Pakistan Tehreek-i-Insaaf (PTI) government, his party, the Balochistan National Party-Mengal (BNP-M) started
Updated 03 Jul, 2019 07:04am
Industrial support package
Exchange

Industrial support package

Advisor to the Prime Minister on Finance Dr Hafeez Sheikh while chairing the Economic Coordination Committee meeting on 26 June approved the discontinuation of one component of the industrial support package notably subsidised electricity to industry for
Updated 03 Jul, 2019 07:05am
France returns stolen ancient artifacts to Pakistan

France returns stolen ancient artifacts to Pakistan

France returned more than 400 stolen artifacts to the government of Pakistan on Tuesday, including ancient busts, vases, urns and goblets, some dating to the second and third millennia B.C.
Published 03 Jul, 2019 12:00am
France returns stolen ancient artifacts to Pakistan

France returns stolen ancient artifacts to Pakistan

France returned more than 400 stolen artifacts to the government of Pakistan on Tuesday, including ancient busts, vases, urns and goblets, some dating to the second and third millennia B.C.
Published 03 Jul, 2019 12:00am
SJC meets to discuss references

SJC meets to discuss references

The Supreme Judicial Council on Tuesday held the second meeting to deliberate upon presidential references against Justice Qazi Faez Isa, a judge of Supreme Court, and Justice KK Agha, a judge of Sindh High Court.
Published 03 Jul, 2019 12:00am
SJC meets to discuss references

SJC meets to discuss references

The Supreme Judicial Council on Tuesday held the second meeting to deliberate upon presidential references against Justice Qazi Faez Isa, a judge of Supreme Court, and Justice KK Agha, a judge of Sindh High Court.
Published 03 Jul, 2019 12:00am
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