News Archives for Print - 2019-07-10

The State Bank of Pakistan (SBP) on Tuesday night received some one billion dollar from International Monetary Fund (IMF) as the first tranche of bailout package for balance of payment support. Sources in the SBP confirmed to Business Recorder that the SB

Published 10 Jul, 2019 12:00am

Trump again attacks India, say tariffs ''unacceptable''

US President Donald Trump on Tuesday fired a new Twitter salvo at India, accusing the giant Asian economy of unfairly blocking American imports. "India has had a field day putting tariffs on American products," the president tweeted. "No longer acceptable

Published 10 Jul, 2019 12:00am

Bilawal criticises NA Speaker

Pakistan People's Party (PPP) Chairman Bilawal Bhutto Zardari has claimed that the Speaker National Assembly has "locked down" the Parliament by restricting the standing committees from working. "Standing Committees are brain, eyes, ears and hands of the

Published 10 Jul, 2019 12:00am

Government claims: The then PM Nawaz spent Rs 1.8 billion on foreign visits

Minister for Federal Education & Professional Training Shafqat Mahmood on Tuesday said that former Prime Minister Nawaz Sharif during his last tenure, which lasted for almost 50 months, remained out of country for 262 days and spent Rs 1.84 billion on for

Published 10 Jul, 2019 12:00am

Government claims: The then PM Nawaz spent Rs 1.8 billion on foreign visits

Minister for Federal Education & Professional Training Shafqat Mahmood on Tuesday said that former Prime Minister Nawaz Sharif during his last tenure, which lasted for almost 50 months, remained out of country for 262 days and spent Rs 1.84 billion on for

Published 10 Jul, 2019 12:00am

FBR abolishes 42 special procedures notified thru STGOs

The Federal Board of Revenue (FBR) Tuesday abolished 42 sales tax procedures dealing with adjustment of sales tax by steel melters, commercial importers, fiscal relief to tribal areas, payment of sales tax on vehicles, refund claims on local supply of zer

Published 10 Jul, 2019 12:00am

FBR abolishes 42 special procedures notified thru STGOs

The Federal Board of Revenue (FBR) Tuesday abolished 42 sales tax procedures dealing with adjustment of sales tax by steel melters, commercial importers, fiscal relief to tribal areas, payment of sales tax on vehicles, refund claims on local supply of zer

Published 10 Jul, 2019 12:00am

FBR abolishes 42 special procedures notified thru STGOs

The Federal Board of Revenue (FBR) Tuesday abolished 42 sales tax procedures dealing with adjustment of sales tax by steel melters, commercial importers, fiscal relief to tribal areas, payment of sales tax on vehicles, refund claims on local supply of zer

Published 10 Jul, 2019 12:00am

Exchange

Offshore assets: FBR expands scope of DG ITO's powers

The Federal Board of Revenue (FBR) Tuesday expanded the scope of powers of Director General of International Taxes Operations to enforce return filing, make assessments, seek automatic exchange of information from other countries and obtain information of

Published 10 Jul, 2019 12:00am

Exchange

Offshore assets: FBR expands scope of DG ITO's powers

The Federal Board of Revenue (FBR) Tuesday expanded the scope of powers of Director General of International Taxes Operations to enforce return filing, make assessments, seek automatic exchange of information from other countries and obtain information of

Published 10 Jul, 2019 12:00am

Exchange

Offshore assets: FBR expands scope of DG ITO''s powers

The Federal Board of Revenue (FBR) Tuesday expanded the scope of powers of Director General of International Taxes Operations to enforce return filing, make assessments, seek automatic exchange of information from other countries and obtain information of

Published 10 Jul, 2019 12:00am

PIA, PSM audit accounts: Government to invite EoI from international auditors

The government will invite expression of interest (EoI) from well known international auditors to undertake a complete audit of Pakistan International Airlines (PIA) and Pakistan Steel Mills (PSM) accounts within five months. The staff level report of Int

Published 10 Jul, 2019 12:00am

PIA, PSM audit accounts: Government to invite EoI from international auditors

The government will invite expression of interest (EoI) from well known international auditors to undertake a complete audit of Pakistan International Airlines (PIA) and Pakistan Steel Mills (PSM) accounts within five months. The staff level report of Int

Published 10 Jul, 2019 12:00am

PIA, PSM audit accounts: Government to invite EoI from international auditors

The government will invite expression of interest (EoI) from well known international auditors to undertake a complete audit of Pakistan International Airlines (PIA) and Pakistan Steel Mills (PSM) accounts within five months. The staff level report of Int

Published 10 Jul, 2019 12:00am

Nuclear pact breach: Europeans take first step to punish Iran

European powers took their first step on Tuesday towards punishing Iran for breaking its nuclear agreement, triggering the deal's mechanism to resolve breaches. The foreign ministers of Britain, France and Germany, plus the foreign affairs chief of the Eu

Published 10 Jul, 2019 12:00am

Nuclear pact breach: Europeans take first step to punish Iran

European powers took their first step on Tuesday towards punishing Iran for breaking its nuclear agreement, triggering the deal's mechanism to resolve breaches. The foreign ministers of Britain, France and Germany, plus the foreign affairs chief of the Eu

Published 10 Jul, 2019 12:00am

Trump again attacks India, say tariffs 'unacceptable'

US President Donald Trump on Tuesday fired a new Twitter salvo at India, accusing the giant Asian economy of unfairly blocking American imports. "India has had a field day putting tariffs on American products," the president tweeted. "No longer acceptable

Published 10 Jul, 2019 12:00am

Trump again attacks India, say tariffs 'unacceptable'

US President Donald Trump on Tuesday fired a new Twitter salvo at India, accusing the giant Asian economy of unfairly blocking American imports. "India has had a field day putting tariffs on American products," the president tweeted. "No longer acceptable

Published 10 Jul, 2019 12:00am

Trump derides May's 'foolish policies,' 'pompous' envoy

President Donald Trump assailed Britain's US ambassador as a "pompous fool" and slammed outgoing premier Theresa May's "foolish" policies in a second straight day of virulent attacks triggered by the leak of unflattering diplomatic cables.

Published 10 Jul, 2019 12:00am

Exchange

Macron seeks lead EU role in Iran crisis

French President Emmanuel Macron is seeking to lead European diplomatic efforts to find a face-saving solution to the latest crisis between Tehran and Washington, with the EU looking to buy time and soothe tensions, diplomats and experts say.

Published 10 Jul, 2019 12:00am

A benevolent aid giver, not a loan shark

The rich countries seem overly worried over China's inroads in the long neglected dark continent - Africa and its attempts as well to build the much-needed physical infrastructure in the poorer Asian countries which so far had remained burdened with mount

Published 10 Jul, 2019 12:00am

Fact or fiction?

It may not help her cause but PML-N Vice President Maryam Nawaz has managed to create quite a stir with a scandalous video and a separate audio she played at her presser, purportedly containing conversations between the accountability court judge, Arshad

Updated 10 Jul, 2019 06:12am

Exchange

IMF programme Conditions

The International Monetary Fund released its staff report on Pakistan's request for an extended arrangement under the Extended Fund Facility (EFF) where it notes "Staff does not recommend temporary approval of two exchange restrictions because the criteri

Updated 10 Jul, 2019 06:11am

'Windfall' profits in 10 years: Senate panel castigates IPPs for 'violating' RoE benchmarks

A Senate panel Tuesday threatened to nationalize those Independent Power Producers (IPPs), which made unprecedented profits in violation of agreements and are unwilling to return the amount to the government. This was indicated by the panel's chairman Sen

Published 10 Jul, 2019 12:00am

'Windfall' profits in 10 years: Senate panel castigates IPPs for 'violating' RoE benchmarks

A Senate panel Tuesday threatened to nationalize those Independent Power Producers (IPPs), which made unprecedented profits in violation of agreements and are unwilling to return the amount to the government. This was indicated by the panel's chairman Sen

Published 10 Jul, 2019 12:00am

US envoy meets Taliban after Afghan talks

Washington's top negotiator with the Taliban held fresh talks with the militants Tuesday, after the group took part in an Afghan summit aimed at forging a "roadmap to peace". "I had a meeting with the Taliban this morning. Headed to China now and then wil

Published 10 Jul, 2019 12:00am

US envoy meets Taliban after Afghan talks

Washington's top negotiator with the Taliban held fresh talks with the militants Tuesday, after the group took part in an Afghan summit aimed at forging a "roadmap to peace". "I had a meeting with the Taliban this morning. Headed to China now and then wil

Published 10 Jul, 2019 12:00am

Urea fertilizer price: Decision to be finalised tomorrow: Dawood

Prime Minister's Advisor on Commerce, Textile, Industries and Production and Investment, Abdul Razak Dawood said that any decision on increase in the price of urea fertilizer will be finalized on Thursday (tomorrow) in meeting with fertilizer industry. Ad

Published 10 Jul, 2019 12:00am

Ross Perot dead at 89

H. Ross Perot, the feisty Texas technology billionaire who rattled US politics with two independent presidential campaigns in the 1990s that struck a chord with disgruntled voters, died on Tuesday at the age of 89, his family said.

Published 10 Jul, 2019 12:00am

Ross Perot dead at 89

H. Ross Perot, the feisty Texas technology billionaire who rattled US politics with two independent presidential campaigns in the 1990s that struck a chord with disgruntled voters, died on Tuesday at the age of 89, his family said.

Published 10 Jul, 2019 12:00am

Urea fertilizer price: Decision to be finalised tomorrow: Dawood

Prime Minister's Advisor on Commerce, Textile, Industries and Production and Investment, Abdul Razak Dawood said that any decision on increase in the price of urea fertilizer will be finalized on Thursday (tomorrow) in meeting with fertilizer industry. Ad

Published 10 Jul, 2019 12:00am

China demands US cancel arms sale to Taiwan

China demanded Tuesday that the United States "immediately cancel" a potential sale of $2.2 billion in arms to self-ruled Taiwan, including battle tanks and anti-aircraft missiles, adding fuel to tensions between the two powers. It would be the first big-

Published 10 Jul, 2019 12:00am

China demands US cancel arms sale to Taiwan

China demanded Tuesday that the United States "immediately cancel" a potential sale of $2.2 billion in arms to self-ruled Taiwan, including battle tanks and anti-aircraft missiles, adding fuel to tensions between the two powers. It would be the first big-

Published 10 Jul, 2019 12:00am

Currency	Rate
USD PKR Interbank Selling / May 9	281.75
USD PKR Interbank Buying / May 9	281.50
USD to Japanese Yen / May 9	145.37
USD to Swiss Franc / May 9	0.83
Pound Sterling to USD / May 9	1.33
Euro to USD / May 9	1.12
UK LIBOR % / May 9	4.96

Stock	Volume
S&P 500 / May 9	5,659.91
India Sensex / May 9	79,454.47
Tokyo Nikkei / May 9	37,503.33
Nasdaq / May 9	17,928.92
Hang Seng / May 9	22,867.74
FTSE 100 / May 9	8,554.80
Dow Jones / May 9	41,249.38
Germany DAX 30 / May 9	23,499.32
France CAC40 / May 9	7,743.75

Item	Value
Crude Oil USD/Barrel / May 9	61.02
Karachi Cotton PKR/37.32 KG / May 9	16,985
Gold 10 Grams PKR / May 9	300,840
Gold Spot USD/Ounce / May 9	3,324.98
Cotton US¢/pound / May 9	66.61
Petrol/Litre / May 11	252.63
Diesel/Litre / May 11	256.64

Stock	Price
First AL-Noor Mod. / May 9 First Al-Noor Modaraba(FANM)	3 ▲ 0.67 (28.76%)
Premier Insurance / May 9 Premier Insurance Limited(PINL)	5.15 ▲ 0.72 (16.25%)
Escorts Bank / May 9 Escorts Investment Bank Limited(ESBL)	5.98 ▲ 0.83 (16.12%)
Parmount Sp. / May 9 Paramount Spinning Mills Limited(PASM)	3.22 ▲ 0.41 (14.59%)
UDL International / May 9 UDL International Limited(UDLI)	7.10 ▲ 0.85 (13.6%)
Abdullah Shah / May 9 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	5.44 ▲ 0.65 (13.57%)
Chenab Ltd (Pref) / May 9 Chenab Limited (Pref)(CLCPS)	2.05 ▲ 0.23 (12.64%)
LSE Capital / May 9 LSE Capital Limited(LSECL)	4.39 ▲ 0.48 (12.28%)
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	6.42 ▲ 0.7 (12.24%)
D.S. Ind. Ltd. / May 9 D.S. Industries Limited(DSIL)	3.90 ▲ 0.41 (11.75%)

Stock	Price
Cyan Limited / May 9 Cyan Limited(CYAN)	27.05 ▼ -5.03 (-15.68%)
Burj Clean Energy Modaraba / May 9 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.11 ▼ -1 (-12.33%)
Universal Ins. / May 9 The Universal Insurance Company Limited(UVIC)	8.25 ▼ -1 (-10.81%)
Sally Textile / May 9 Sally Textile Mills Limited(SLYT)	7.14 ▼ -0.86 (-10.75%)
Jubilee Spinning / May 9 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	8.43 ▼ -0.95 (-10.13%)
At-Tahur Ltd. / May 9 At-Tahur Limited(PREMA)	42.57 ▼ -4.73 (-10%)
Khyber Tobacco / May 9 Khyber Tobacco Company Limited(KHTC)	342.26 ▼ -38.03 (-10%)
Dewan Mushtaq / May 9 Dewan Mushtaq Textile Mills Limited(DMTM)	9.29 ▼ -1.03 (-9.98%)
PIA Holding Co.Ltd / May 9 PIA Holding Company Limited(PIAHCLA)	12.23 ▼ -1.35 (-9.94%)
First Elite Cap.Mod / May 9 First Elite Capital Modaraba(FECM)	18.44 ▼ -2 (-9.78%)

Stock	Volume
WorldCall Telecom / May 9 Worldcall Telecom Limited(WTL)	47,087,025 ▲ 0.06
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	33,590,475 ▲ 0.7
Sui South Gas / May 9 Sui Southern Gas Company Limited(SSGC)	29,288,646 ▼ -1.53
B.O.Punjab / May 9 The Bank of Punjab(BOP)	18,310,598 ▲ 0.44
Pak Refinery / May 9 Pakistan Refinery Limited(PRL)	15,347,121 ▲ 0.3
PIA Holding Co.Ltd / May 9 PIA Holding Company Limited(PIAHCLA)	14,961,675 ▼ -1.35
Sui North Gas / May 9 Sui Northern Gas Pipelines Limited(SNGP)	14,847,660 ▲ 5.69
K-Electric Ltd. / May 9 K-Electric Limited(KEL)	14,463,181 ▲ 0.09
Maple Leaf Cement / May 9 Maple Leaf Cement Factory Limited(MLCF)	13,544,491 ▲ 2.45
Kohinoor Spining / May 9 Kohinoor Spinning Mills Limited(KOSM)	13,517,642 ▲ 0.05

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