News Archives for Print - 2019-07-09

Print - 2019-07-09

Currency

Zimbabwe poised to raise public workers pay again

The Zimbabwean government is ready to raise civil servants' pay for the second time in three months because incomes have been eroded by soaring inflation, Finance Minister Mthuli Ncube said on Monday, after a labour group threatened protests.

Published 09 Jul, 2019 12:00am

Poland urges China to boost investment, drop tariffs

Poland's foreign minister on Monday urged China to invest more in central Europe and to drop tariff barriers as his Chinese counterpart sought assurances that Warsaw would consider Beijing's controversial 5G technology.

Published 09 Jul, 2019 12:00am

Prize money for women's British Open raised by 40pc

Prize money for the women's British Open will rise by 40 percent to a total prize pot of $4.5 million, organisers the R&A announced on Monday. The winner of this year's tournament at Woburn on August 1-4 will pocket $675,000, up from the $490,000 Georgia

Published 09 Jul, 2019 12:00am

Mexico defeat USA to win record eighth Gold Cup

Jonathan dos Santos scored the only goal as Mexico defeated the United States 1-0 to win the CONCACAF Gold Cup for a record eighth time at Soldier Field on Sunday. Los Angeles Galaxy midfielder dos Santos rifled home in the 73rd minute to settle a hard-fo

Published 09 Jul, 2019 12:00am

Djokovic, Nadal move into quarters

Novak Djokovic and Rafael Nadal eased into the Wimbledon quarter-finals on Monday as the sport's Grand Slam heavyweights continued to deliver blow after blow to their wilting lightweight rivals. Defending champion and world number one Novak Djokovic reach

Published 09 Jul, 2019 12:00am

Barty, Gauff, Pliskova exit Wimbledon as Serena advances

World number one Ashleigh Barty's hopes of becoming the first Australian women's champion in nearly four decades were dashed on Monday, opening the way for Serena Williams to potentially equal the all-time Grand Slam haul. At the opposite end of the age s

Published 09 Jul, 2019 12:00am

Kohli, Williamson renew rivalry in semi-final

India captain Virat Kohli may have captured the wicket of "special" New Zealand skipper Kane Williamson when they were teenagers, but he has no plans for a repeat performance in Tuesday's World Cup semi-final at Old Trafford. The two star batsmen first en

Published 09 Jul, 2019 12:00am

Bangladesh sack coach Rhodes after lacklustre World Cup

Bangladesh cricket authorities on Monday announced they would let go head coach Steve Rhodes after a disappointing campaign in the World Cup. "We have decided to part ways with the head coach by mutual consent. The decision will be effective immediately,"

Published 09 Jul, 2019 12:00am

Brazil win Copa America

Ten-man Brazil held on to win the Copa America on home soil despite Gabriel Jesus's dismissal with a 3-1 victory over Peru on Sunday. Jesus scored the decisive goal after a penalty from Peru captain Paolo Guerrero canceled out Everton's opener for hosts B

Published 09 Jul, 2019 12:00am

Navy to host sports events

Besides primary mission of safeguarding the maritime frontiers of the country, Pakistan Navy has significantly contributed in organizing international and national sports events in the country. Organizing sports events like Golf, Hockey, Shooting, Squash

Published 09 Jul, 2019 12:00am

Currency

Dollar rises broadly in Asian trade

The dollar rose broadly on Monday after strong US jobs growth in June suggested the Federal Reserve will not aggressively cut interest rates later this month. US nonfarm payrolls rebounded in June to 224,000, the most in five months, data showed on Friday

Published 09 Jul, 2019 12:00am

Currency

Dollar holds near 3-week high in Europe

The dollar held near three-week highs on Monday, keeping its gains after last week's strong US jobs data lowered expectations for a sharp Federal Reserve interest rate cut.

Published 09 Jul, 2019 12:00am

Exchange

Early trade in New York: dollar hovers at 3-week high

The dollar edged up on Monday, hovering at a three-week high, as it held on to gains after news of a stronger-than-expected increase in US jobs in June scaled back traders' expectations of a sharp Federal Reserve rate cut at the end of July.

Published 09 Jul, 2019 12:00am

Currency

Dollar holds near 3-week high in Europe

The dollar held near three-week highs on Monday, keeping its gains after last week's strong US jobs data lowered expectations for a sharp Federal Reserve interest rate cut. Elsewhere, the Turkish lira fell steeply after President Tayyip Erdogan dismissed

Published 09 Jul, 2019 12:00am

South Africa's rand steadies

South Africa's rand steadied against a firmer dollar in afternoon trade on Monday, after last week's strong US jobs data lowered expectations of a sharp Federal Reserve interest rate cut. Stocks closed slightly higher.

Published 09 Jul, 2019 12:00am

Currency

Most Asian currencies weaken

Most Asian currencies weakened on Monday after the dollar took heart from strong US jobs data that tempered expectations for a rate cut from the Federal Reserve. Friday's strong US jobs numbers for June reduced hopes for a Fed rate cut, and investors are

Published 09 Jul, 2019 12:00am

Exchange

Russian rouble reverses losses

The Russian rouble bounced on Monday as oil prices rose and the central bank signalled smaller forex interventions this month, having earlier hit a near three-week low as dividend payments prompted recipients to convert roubles into foreign currency. The

Published 09 Jul, 2019 12:00am

Currency

Turkish lira weakens

Turkey's lira weakened on Monday after President Tayyip Erdogan dismissed the central bank governor, reigniting concerns about political interference in monetary policy and expectations of rate cuts to revive the recession-hit economy. The lira stood at 5

Published 09 Jul, 2019 12:00am

Currency

Sterling hovers above 6-month lows

Sterling hovered near a six-month low against the dollar on Monday as investors continued to bet on lower British interest rates and added to their short positions on the currency. As major central banks around the world including the US Federal Reserve s

Published 09 Jul, 2019 12:00am

Currency

Aussie, kiwi steady

The Australian and New Zealand dollars steadied on Monday, clawing back some of their losses in the previous session after the greenback firmed on a stronger-than-expected US jobs report. Analysts expect the antipodean currencies to remain weak as their r

Published 09 Jul, 2019 12:00am

Researchers say ancient Philistine town located in Israel

Researchers in Israel said Monday they believe they have pinpointed the site of an ancient Philistine town mentioned in the biblical tale of David seeking refuge from the Israelite king Saul. Ziklag was a town under the rule of a Philistine king in nearby

Published 09 Jul, 2019 12:00am

29 die as bus falls off India's 'highway to hell'

At least 29 people were killed Monday after a bus careered off one of India's busiest roads which has become known as the "highway to hell" because of its poor safety record. The driver was suspected to have fallen asleep before the bus crashed into a rai

Published 09 Jul, 2019 12:00am

At UN, Hong Kong activist calls for more pressure on China

Hong Kong activist Denise Ho urged the international community Monday to increase pressure on China, in a speech to the UN rights council interrupted twice by a diplomat from Beijing. Ho, a pro-democracy canto-pop star, has joined the huge marches of prot

Published 09 Jul, 2019 12:00am

UK bars RT, Sputnik from conference for 'disinformation'

Britain said Monday it had barred Russia's RT and Sputnik news organisations from a global conference on media freedom in London because of their "active role in spreading disinformation". Some 60 ministers and 1,000 journalists and members of civil socie

Published 09 Jul, 2019 12:00am

Dozens hurt as 5.7 magnitude quake shakes Iran

A 5.7-magnitude earthquake struck southwest Iran near the border with Iraq on Monday, causing one death due to a heart attack and dozens of injuries, the country's relief and rescue organisation said. The quake, whose epicentre was in the Masjed Soleiman

Published 09 Jul, 2019 12:00am

Iran says US 'detained' its volleyball team at airport

Iran charged Monday that the United States had "detained" its visiting volleyball team at a US airport for several hours. The foreign ministry's director for North America told Swiss ambassador Markus Leitner, whose country represents US interests in Iran

Published 09 Jul, 2019 12:00am

Exchange

China blames US 'bullying' for Iran nuclear crisis

China on Monday said "unilateral bullying" by the United States was the cause behind the escalating Iran nuclear crisis, after Tehran announced it was set to breach its uranium enrichment cap. "The facts show that unilateral bullying has already become a

Published 09 Jul, 2019 12:00am

Biggest-ever anti-doping blitz arrests 234 people

A vast international police operation involving 33 countries and the World Anti-Doping Agency has seized millions of doping substances and counterfeit medicines and arrested 234 people, Europol said on Monday. The operation involving 23 European Union nat

Published 09 Jul, 2019 12:00am

Germany says no to US request for ground troops in Syria

Berlin said Monday it had no plans to send ground troops to Syria, refusing a US request for Germany to ramp up its military involvement in the fight against IS militants. "When I say that the government intends to continue with its ongoing measures in th

Published 09 Jul, 2019 12:00am

US hedge fund billionaire charged with sex trafficking minors

Jeffrey Epstein, a hedge fund billionaire with ties to top politicians and celebrities, was charged on Monday with sexually exploiting dozens of young girls. Epstein, 66, was arrested at an airport in New Jersey on Saturday after returning to the United S

Published 09 Jul, 2019 12:00am

Britain hunts for leaker of cables calling Trump 'inept'

Britain scrambled on Monday to stem the damage to its relations with Washington by finding the leaker of diplomatic cables in which the UK ambassador called US President Donald Trump "inept". The confidential telegrams from ambassador Kim Darroch created

Published 09 Jul, 2019 12:00am

UAE says reducing troops in war-torn Yemen

The United Arab Emirates said Monday it was redeploying and reducing troops across war-torn Yemen and moving from a "military-first" strategy to a "peace-first" plan. The UAE is a key partner in a Saudi-led military coalition which intervened in Yemen in

Published 09 Jul, 2019 12:00am

Oil steadies as demand worries offset Iran's new nuclear threats

Oil prices steadied on Monday as tensions over Iran's nuclear program countered concerns about whether slowing global economic growth would hit oil demand. Brent crude futures fell 12 cents to settle at $64.11 a barrel. US West Texas Intermediate (WTI) cr

Published 09 Jul, 2019 12:00am

Exchange

Copper slides as focus shifts to US-China trade dispute

Copper prices slipped on Monday as sentiment was dominated by the protracted US-China trade dispute and subsequent damage to global growth and demand, and a stronger dollar. Benchmark copper on the London Metal Exchange ended down 0.2% at $5,892 a tonne.

Published 09 Jul, 2019 12:00am

Exchange

Gold rises in Asia

Gold prices rose on Monday, shaking off early losses to consolidate above the $1,400 pivot, as focus shifted to global growth concerns and interest rate cuts by major central banks. Spot gold was up 0.5% at $1,406.79 per ounce, as of 0721 GMT. US gold fut

Published 09 Jul, 2019 12:00am

Exchange

Gold slips in Europe

Gold prices edged lower on Monday as increasing expectations that the US Federal Reserve might not aggressively cut interest rates later this month boosted the dollar, making gold expensive for holders of other currencies. Spot gold fell 0.2% to $1,396.15

Published 09 Jul, 2019 12:00am

US MIDDAY: corn down

Chicago corn futures prices turned lower on Monday, retreating from early strength, on expectations for improved US crop condition ratings, analysts said. However, soybeans were choppy, turning higher at times, on worries about forecasts for hot, dry weat

Published 09 Jul, 2019 12:00am

Exchange

US MIDDAY: gold lower

Gold prices edged lower on Monday as increasing expectations that the US Federal Reserve will not aggressively cut interest rates later this month boosted the dollar, making gold expensive for holders of other currencies. Spot gold fell 0.2% to $1,396.56

Published 09 Jul, 2019 12:00am

Embezzlement of public funds: SC rejects bail plea of municipal officer

Supreme Court (SC) on Monday turned down the bail petition of Municipal Officer Ramesh Parwani, accused for embezzlement of public funds in development works in Ghari Yaseen, Shikarpur district. At Karachi Registry, SC bench comprised of Justice Maqbool B

Published 09 Jul, 2019 12:00am

Exchange

Growth of oilseed crops: APSEA terms import tariff on edible oil sector impediment

FBR's inconsistent policies towards import tariff on edible oil sector are the biggest impediment towards growth of local oilseed crops. All Pakistan Solvent Extractors' Association (APSEA) is disappointed with the modest increase of 5 percent in the addi

Published 09 Jul, 2019 12:00am

Exchange

Shakarganj Limited

Shakarganj Limited (PSX: SML) is the flagship company of the Shakarganj group, and one of the oldest sugar mills in the country. Established in 1967, it was the fourth mill incorporated in Punjab province. The company is mainly concentrated in manufacture

Published 09 Jul, 2019 12:00am

Exchange

Shakarganj Limited

Published 09 Jul, 2019 12:00am

Exchange

CCP for revisiting policies, documentation of wheat milling business

The Competition Commission of Pakistan (CCP) has made a set of recommendations for enhancing productivity and competition in the wheat flour market, stressing the need for revisiting policies, documentation of wheat milling business, a well-functioning co

Published 09 Jul, 2019 12:00am

KP to launch own poverty reduction programme: CM

Khyber Pakhtunkhwa Chief Minister Mahmood Khan Monday said that the Government of Khyber Pakhtunkhwa will also launch its own poverty reduction and welfare Ehsaas Programme side by side with that of the federal government. This, he stated, during a meetin

Published 09 Jul, 2019 12:00am

Fake accounts case: AC extends Faryal's remand by 14 days

The National Accountability Bureau Monday informed the Accountability Court hearing multibillion rupees fake bank accounts case that the NAB investigators could not probe accused Faryal Talpur during the previous two remands because she was attending the

Published 09 Jul, 2019 12:00am

KP shuffles administrative secretaries, DCs

The provincial government of Khyber Pakhtunkhwa Monday issued the notification of the transfers and postings of four administrative secretaries and six Deputy Commissioners in a major shuffle of the senior bureaucracy. According to the notification, Faruk

Published 09 Jul, 2019 12:00am

Third anniversary: AJ&K PM pays rich tributes to Burhan Wani

Prime Minister of Azad Jammu and Kashmir (AJ&K) Raja Farooq Haider Khan paying glowing tributes to Burhan Muzaffar Wani on his third martyrdom anniversary on Monday said that the people of Kashmir are determined to take the freedom movement to logical end

Published 09 Jul, 2019 12:00am

PEPCO upgrades 43 SEs to CEs

The Pakistan Electric Power Company (PEPCO) has upgraded 43 superintending engineers to the post of chief engineers, BPS 20. According to the notification, the upgraded engineers belong to Lahore Electric Supply Company, Gujranwala Electric Supply Company

Published 09 Jul, 2019 12:00am

Two more polio cases surfaced in Bannu

Two more cases of polio have been surfaced in Bannu district on Monday taking the total in the district to 16 and in Khyber Pakhtunkhwa 33 this year. Officials of the KP Polio Emergency Operation Centre stated that both the victims are aged between one an

Published 09 Jul, 2019 12:00am

IMF to provide technical assistance in drafting SOEs Law

The International Monetary Fund (IMF) will provide technical assistance to the government in drafting State Owned Enterprises (SOEs) Law by end-December 2019, according to recently released Staff Report of the IMF. The draft of SOEs Law will then be submi

Published 09 Jul, 2019 12:00am

Senate body takes notice of continuous absence of Farogh

The Functional Committee on Government Assurances on Monday took strict notice of the 17th consecutive absence of Minister for Law and Justice Farogh Naseem. The committee showed displeasure regarding the callous attitude of the minister towards the impor

Published 09 Jul, 2019 12:00am

Transfers, postings in NHA

Wide ranging transfers and postings of officers working in BPS-19,18,17 are made in National Highway Authority (NHA). Such officers remained posted on the same post for a period of 5 to 10 years. The sole objective of these countrywide transfers/postings

Published 09 Jul, 2019 12:00am

NA body briefed about Ignite's progress

A Chinese firm had offered to invest $56 million in the ElectroCure system for its commercialisation at 82 loss-making feeders, which could reduce electricity losses/theft by around 90 percent. This was revealed before the National Assembly Standing Commi

Published 09 Jul, 2019 12:00am

Major-General Khawar Rehman promoted

Pakistan Army has promoted Major General Khawar Rehman to the rank of Lieutenant General, Inter Service Public Relations said in a statement. The media wing of Pakistan Army said Lieutenant General Khawar Rehman belongs to Army's medical core and he has b

Published 09 Jul, 2019 12:00am

2019 Changwon K-Pop World Festival: Korean embassy hosts preliminary round

The Embassy of Korea hosted the preliminary round of 2019 Changwon K-Pop World Festival in Pakistan at the Pakistan National Council of the Arts (PNCA), giving Pakistani fans and lovers of K-Pop a chance to show their talents. Fourteen teams from all over

Published 09 Jul, 2019 12:00am

Section 144 lifted ahead of polls in North Waziristan

Electioneering activities are set to resume in North Waziristan as the district administration lifted Section 144 in the tribal district on Monday. A 30-day ban on public assembly was imposed almost a month ago on June 10. The district administration had

Published 09 Jul, 2019 12:00am

Alleged video: CM for judicial commission to probe

Sindh Chief Minister Syed Murad Ali Shah has suggested that high-power judicial commission should be constituted to investigate the video leaked by PML-N leader Maryam Nawaz. "This is a very serious issue and must be taken seriously; otherwise, it will ca

Published 09 Jul, 2019 12:00am

Cotton

Government urged to revive SRO-1125 to ease business problems

The former five zero-rated exports sectors on Monday expressed their doubts whether the manufacturing units will be able to stay operational in the face of 'too high' sales tax, saying the country has begun losing its foreign contracts for slowdown in pro

Published 09 Jul, 2019 12:00am

IMF backs commitment to increase spending on BISP

Pakistan has made commitment to the International Monetary Fund (IMF) that it is aiming to increase spending on the Benazir Income Support Programme (BISP) to 0.4 percent of Gross Domestic Product (GDP) on an annual basis, reveals the IMF country report.

Published 09 Jul, 2019 12:00am

Trains facing delays due to inadequate CBIS: NA body told

Chief Executive Officer (CEO) Pakistan Railways, Aftab Akbar Monday informed the National Assembly Standing Committee on Railways that the trains across the country are facing delays due to the inadequate computer-based interlocking system (CBIS).

Published 09 Jul, 2019 12:00am

Business community supports massive crackdown on 'Benami Asset'

Business community announced to fully support massive crackdown on "Benami Asset" across the board throughout the country besides introduction of documented economy.

Published 09 Jul, 2019 12:00am

UIT student's project to be showcased at UN

Joint project on Sustainable Development Goals No 16 of the Team Lead, Student Affairs, Usman Institute of Technology (UIT) and cofounder 'Chai Ki Dukaan' Ramsha Baloch has been selected to be presented at the United Nations in New York.

Published 09 Jul, 2019 12:00am

'Selected' PM wants fascism in country: Bilawal

Chairman, Pakistan Peoples' Party (PPP) Bilawal Bhutto-Zardari has said that selected prime minister wanted fascism in the country.

Published 09 Jul, 2019 12:00am

Amended rules of ST registration: new applicants facing problems as no mechanism finalised

No new sales tax registration has been granted since July 1, 2019 as Federal Board of Revenue (FBR) hasn't finalized the mechanism to implement the amendment made in sales tax registration rules through Finance Act 2019, creating difficulties for new appl

Published 09 Jul, 2019 12:00am

IMC donates Rs 10 million to Indus Hospital

To contribute to Indus Hospital's extension plans and reach out to poor and needy patients, Indus Motor Company (IMC) has donated Rs 10 million as a part of its CSR activities.

Published 09 Jul, 2019 12:00am

Exchange

Business community: Body will be formed to remove concerns: Shabbar

Federal Board of Revenue (FBR) Chairman Shabbar Zaidi assured the business community that a committee would be constituted to remove its concerns about the recent budget.

Published 09 Jul, 2019 12:00am

NAB summons Shahbaz on July 12

The National Accountability Bureau (NAB) has summoned the Leader of Opposition in National Assembly and PML-N President Shehbaz Sharif in Lahore Waste Management Company (LWMC) case on July 12. Sources claimed that the NAB Lahore has already handed over a

Published 09 Jul, 2019 12:00am

LHC seeks reply from Home Secy on Maryam's plea

The Lahore High Court (LHC) on Monday sought reply from the Home Secretary Punjab in response to a petition of PML-N Vice President Maryam Nawaz seeking permission to visit Nawaz Sharif at least twice a week along with his personal physician on Tuesday (t

Published 09 Jul, 2019 12:00am

'ChildLife Foundation providing full spectrum of medical care'

"ChildLife Foundation is providing full spectrum of medical care, from emergency rooms, to primary care clinics, down to preventive health practices at all centres without any interruption," a spokesman said in a statement issued here on Monday.

Published 09 Jul, 2019 12:00am

NAB authorises investigation against Sharjeel Memon

National Accountability Bureau, Karachi has authorised an investigation against Sharjeel Inam Memon for alleged allegations of assets beyond known sources of Income and money laundering.

Published 09 Jul, 2019 12:00am

'KMC's average monthly power consumption stands at around Rs 50 millions'

Karachi Metropolitan Corporation (KMC), which claims to have empty kitty to run civic services, appears generous by allowing 'unauthorised free electricity' to its residential colonies, bringing its monthly power consumption up to around Rs 50 million; it

Published 09 Jul, 2019 12:00am

Privatisation process: Business community to be taken on board: Soomro

Federal Minister Mohammadmian Soomro said that government would consult business community on privatisation process. "I'll communicate all the grievances of business community to the concerned ministries. I'll fully cooperate to resolve your issues," the

Published 09 Jul, 2019 12:00am

'Forensic audit of video clips will expose Maryam'

Punjab Minister for Information and Culture Syed Samsam Ali Bukhari said on Monday that the government would carry out the forensic audit of the controversial video involving accountability court judge Arshad Malik.

Published 09 Jul, 2019 12:00am

Sindh government slammed for slashing agri funds in FY20

Economy of Sindh is going to brave a big jolt as crucial agriculture sector of the province is also nose-diving as it is not on the priority of the rulers, said Pasban Democratic Party (PDP) Chairman Altaf Shakoor , demanding the government to take immedi

Published 09 Jul, 2019 12:00am

PML-N, PPP worked together to steal assets, minister alleges

Minister for Communications Murad Saeed Monday said that Pakistan Muslim League-Nawaz (PML-N) and Pakistan Peoples Party (PPP) have collaboratively worked together to loot the country and supported each other during tenures of their respective governments

Published 09 Jul, 2019 12:00am

SSGC's Operation Grift continues in Sindh, Balochistan

As part of Operation Grift, the anti-gas theft campaign, SSGC's Security Services and Counter Gas Theft Operations' (SS and CGTO) Department carried out a raid in North Karachi Area.

Published 09 Jul, 2019 12:00am

Non-payment of fund to ex-PSM employees: SHC summons finance, industry secretaries

The Sindh High Court (SHC) on Monday summoned Federal Secretaries of Finance and Industries & Productions in a petition regarding non-payment of gratuity and provident fund to the retired employees of Pakistan Steel Mill.

Published 09 Jul, 2019 12:00am

Young doctor's accommodation CMH Rawlakot inaugurated

Young doctor's accommodation CMH Rawlakot was inaugurated by Chairman BoI Punjab Sardar Tanveer Ilyas khan and Brigadier Liaqat commandant at CMH Rawlakot. After the inauguration, commandant took along Chairman PBIT to visit different sections of the hosp

Published 09 Jul, 2019 12:00am

Shams Power helps AkzoNobel Pakistan save Rs 2.5 million annually

Shams Power (Private) Limited has financed and deployed a solar system at AkzoNobel Pakistan, a leading paints and coating company, at their manufacturing facility in Lahore.

Published 09 Jul, 2019 12:00am

Government plans multi-pronged strategy to improve gas sector

To improve performance in the gas sector, the government has planned a multi-pronged strategy including unbundling of the two gas companies - Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company (SSGC).

Published 09 Jul, 2019 12:00am

Overseas Pakistanis urged to invest in country

Acting Governor Punjab Ch Parvez Elahi on Monday said that Prime Minister Imran Khan is striving hard to bring economic stability in the country and time is not far when the people would come from abroad for jobs in Pakistan.

Published 09 Jul, 2019 12:00am

Unanimity on EFF fiscal strategy: provinces to deliver Rs 444 billion surpluses: IMF

The federal and provincial governments have agreed to Extended Fund Facility (EFF) fiscal strategy and the provinces will deliver surpluses of around 1 percent of GDP (Rs 444 billion) in the fiscal year 2020, gradually increasing to 2.7 percent by the end

Published 09 Jul, 2019 12:00am

Pak-Afghan relations

This is apropos a Business Recorder editorial "Violent clash near Headingley stadium" carried by the newspaper on Sunday. It has concluded its argument in a highly impressive manner: "Being a contender for World Cup-2019 the Afghan cricket team was

Published 09 Jul, 2019 12:00am

Media feel the pinch in Indian occupied Kashmir

When plainclothes police arrested newspaper editor Ghulam Jeelani Qadri, his peers in Indian occupied Kashmir saw it as just another attempt by New Delhi to squeeze the media working in the blood-soaked region.

Published 09 Jul, 2019 12:00am

Exchange

Justice in the dock

Maryam Nawaz's press conference in Lahore on July 6, 2019 has driven a coach and six through the accountability process. A video was aired at the press conference purportedly showing Accountability Court Judge Arshad Malik in conversation with Nasir Butt,

Published 09 Jul, 2019 12:00am

Exchange

IMF programme targets for 2019-20

The Extended Fund Facility [EFF] to Pakistan of $6 billion, over a period of 39 months, has finally been blessed by the Executive Board of the IMF. Prior to this, a number of measures had to be taken to qualify for the programme. This included a 12 percen

Published 09 Jul, 2019 12:00am

Iran's stand on N-deal

The latest media reports suggest that Iran has withdrawn its 2015 nuclear deal commitment not to exceed the agreed uranium enrichment cap. It had forewarned other signatories to the deal that should they succumb under the American pressure and also join t

Updated 09 Jul, 2019 06:20am

Exchange

'Charter of economy'

The talk about developing a consensus on a 'charter of economy' is getting louder in various circles as no political party finds itself to square up to the myriad problems presently facing the economy single-handedly. Such an approach is sometimes justifi

Updated 09 Jul, 2019 06:15am

Speaker stops issuance of production orders for Zardari

In an unusual move, Speaker National Assembly Asad Qaiser on Monday stopped issuance of production orders for Pakistan Peoples Party (PPP) Co-Chairman Asif Ali Zardari from attending the meeting of a parliamentary panel slated to take place on July 10 and

Published 09 Jul, 2019 12:00am

Speaker stops issuance of production orders for Zardari

Published 09 Jul, 2019 12:00am

FBR circular No 7 of 2018: LHC disposes of petitions

Lahore High Court (LHC) has disposed of various petitions wherein FBR''s Circular No 07 of 2018 was challenged with the prayer that a taxpayer who had paid tax under amnesty scheme may be allowed to file declaration under the Voluntary Declaration of Dome

Published 09 Jul, 2019 12:00am

FBR circular No 7 of 2018: LHC disposes of petitions

Lahore High Court (LHC) has disposed of various petitions wherein FBR's Circular No 07 of 2018 was challenged with the prayer that a taxpayer who had paid tax under amnesty scheme may be allowed to file declaration under the Voluntary Declaration of Domes

Published 09 Jul, 2019 12:00am

FBR circular No 7 of 2018: LHC disposes of petitions

Published 09 Jul, 2019 12:00am

Units to remain closed indefinitely: APTPMA

All Pakistan Textile Processing Mills Association (APTPMA) on Monday announced that all processing mills would remain closed indefinitely as the federal government has declined their demands. In an emergency meeting at the SITE office, APTPMA members revi

Published 09 Jul, 2019 12:00am

Units to remain closed indefinitely: APTPMA

Published 09 Jul, 2019 12:00am

Units to remain closed indefinitely: APTPMA

Published 09 Jul, 2019 12:00am

EFF to mobilise around $38.6 billion financing over three years: IMF

The International Monetary Fund (IMF)-supported programme is expected to mobilize total financing of around $38.6 billion over the three years from Pakistan''s international partners. This has been stated in IMF report "Request for an Extended Arrangement

Published 09 Jul, 2019 12:00am

EFF to mobilise around $38.6 billion financing over three years: IMF

The International Monetary Fund (IMF)-supported programme is expected to mobilize total financing of around $38.6 billion over the three years from Pakistan's international partners. This has been stated in IMF report "Request for an Extended Arrangement

Published 09 Jul, 2019 12:00am

EFF to mobilise around $38.6 billion financing over three years: IMF

Published 09 Jul, 2019 12:00am

Occupied Jammu & Kashmir: UN irked by lack of action

The UN rights office hammered India and Pakistan on Monday for failing to improve the situation in Kashmir, while renewing calls for an international probe into violations in the disputed Himalayan region. Last year, the Office of UN High Commissioner for

Published 09 Jul, 2019 12:00am

Previous Day

Forex
World
Commodity

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

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

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

Gainers
Losers
Leaders

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

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

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

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