News Archives for Print - 2019-07-14

ICCI hails FBR move to introduce single tax portal for taxpayers

The Islamabad Chamber of Commerce and Industry (ICCI) said that FBR is reportedly working in collaboration with provinces to introduce a single tax portal for taxpayers to file their sales tax returns of goods and services at one platform, which was a lau

Published 14 Jul, 2019 12:00am

KPRA enhances growth by 43 percent in non-telco revenue: DG

Director General, Khyber Pakhtunkhwa Revenue Authority (KPRA), Tahir Orakzai said that the KPRA enhanced growth by 43 percent in non-telco revenue. This, he stated during visit of Chief Secretary Government of Khyber Pakhtunkhwa, Muhammad Salim at KPRA he

Published 14 Jul, 2019 12:00am

Exchange

Pak-India Track-II dialogue may help resolve differences

The representatives of civil society from India and Pakistan on Saturday took part in a two-day Track-II dialogue in a bid to resolve the differences between the two nuclear neighbours, saying dialogue is the key to resolve all differences. In a first int

Published 14 Jul, 2019 12:00am

Professor Viqar Ahmed passes away

Prominent Pakistani senior scientist Professor Dr Viqar Uddin Ahmed (Zuberi), who served science and research in Pakistan for more than 50 years, died at the age of 79 in Karachi on Saturday morning. He had been unwell for the last one month mainly becaus

Published 14 Jul, 2019 12:00am

Exchange

FEBR calls for removing non-trade barriers

The Friends of Economic and Business Reforms (FEBR) has called for removal of non-trade barriers to pursue a target of $5 billion worth bilateral trade from the current value of $1.3 billion trade between Iran and Pakistan, as the US sanctions on Tehran h

Published 14 Jul, 2019 12:00am

Exchange

Moot on alternative renewable energy policy held

A daylong workshop of Energy Think Tank (ETT) geared towards promoting alternative and renewable energy projects in the country, discuss its contours, bring up issues confronting the current energy mix and enhance the share of alternative renewable energy

Published 14 Jul, 2019 12:00am

Condolence

President, Pakistan Olympic Association, Lieutenant General Syed Arif Hasan (retd) and the entire Olympic family condoled the death of former Director General PSB and Olympian Brigadier Abdul Hamid Hamidi (retd) who passed away in Rawalpindi. POA chief an

Published 14 Jul, 2019 12:00am

Verdict in Sanaullah's plea for homemade food in jail reserved

A sessions court on Saturday reserved verdict on a petition of former law minister Punjab, Rana Sanaullah Khan who is seeking permission to have home-cooked food in jail. Farhad Ali Shah, representing the petitioner, contended that the health of his clien

Published 14 Jul, 2019 12:00am

PBIF chief concerned over inconclusive meetings with government

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has expressed concern over inconclusive meetings between the business community and the Prime Minister, Advisor to the PM on Finance Dr Abdul Hafeez Sheikh, Ministers and Ch

Published 14 Jul, 2019 12:00am

Seminar-cum-workshop on procurement process held at UAF

A seminar-cum workshop on procurement, procurement process and allied matters was held at the University of Agriculture Faisalabad in collaboration with Pakistan Institute of Public Finance Accountants (PIPFA). Chairing the session, UAF Vice Chancellor Pr

Published 14 Jul, 2019 12:00am

PBIT chief, Chinese delegation discuss CPEC-related matters

Chairman Punjab Board of Investment and Trade met Chinese delegation and discuss matters related to CPEC; he stated that CPEC is a project which shall reap long lasting benefits to the people of Pakistan as well as China. Its pivotal focus is to further s

Published 14 Jul, 2019 12:00am

Judge's stance invalidates verdict against Nawaz: Abbasi

Former prime minister Shahid Khaqan Abbasi on Saturday asserted that the verdict against prime minister stands null and void. "PML-N had screened the judge's purported video after confirmation. The judge, in the video clip, had confessed that he had given

Published 14 Jul, 2019 12:00am

Turkish nation praised for setting example of democracy & unity

The Turkish nation set a great example of democracy and national unity on the night of July 15, 2016. Consul General of Turkey in Karachi Tolga Ucak while talking at a press conference at here on Saturday said the Turkish nation will always remember and c

Published 14 Jul, 2019 12:00am

Cost of new IIA project to escalate further: Sarwar

Minister for Aviation Ghulam Sarwar Khan on Saturday said that an inquiry has been started into the New Islamabad International Airport project where the cost increased from Rs 38 billion to Rs 105 billion. Talking to the media persons in Rawalpindi on Sa

Published 14 Jul, 2019 12:00am

NCHD & OSDI sign MoU for poverty alleviation

National Commission for Human Development (NCHD) and Organization for Social Development Initiatives (OSDI), a Karachi based Social Policy Think Tank, have signed a Memorandum of Understanding (MoU) to collaborate and work together for poverty alleviation

Published 14 Jul, 2019 12:00am

Lawyers' strike: Judicial activities largely remain Suspended

Judicial activities largely suspended in the courts of the metropolis after lawyers went on strike on the call of Pakistan Bar Council (PBC) and Supreme Court Bar Association (SCBA) against the filing of references against judges of superior judiciary.

Published 14 Jul, 2019 12:00am

Minister terms traders' strike unsuccessful

Punjab Minister Law, Parliamentary Affairs and Local Government Minister Raja Basharat have said that the flopped strike by certain pro-opposition traders has exposed that the Opposition has lost grounds while the public at large has shown their trust in

Published 14 Jul, 2019 12:00am

Government to expedite process of providing electricity to SEZs

The government has decided to expedite the process of provision of electricity to special economic zones with the view to promote investment and industrial growth in the provincial metropolis. The decision was taken at a meeting jointly chaired by Chief S

Published 14 Jul, 2019 12:00am

KP CM for timely completion of Swat Motorway

Chief Minister Khyber Pakhtunkhwa Mahmood Khan has directed the concerned authorities to ensure timely completion of Swat Motorway adding that flagship projects of the incumbent government will prove to be a major economic boost for the entire country.

Published 14 Jul, 2019 12:00am

PFA seals two fizzy drinks factories RECORDER REPORT

The Punjab Food Authority (PFA) on Saturday unearthed two illegal factories making carbonated drinks of different popular brands and confiscated 35,000 litres of spurious drinks. The authority also caught the distributor involved in selling and purchasing

Published 14 Jul, 2019 12:00am

Prices of essential kitchen items witness mixed trend

Prices of essential kitchen items have witnessed a mixed trend during this week past as compared to previous week, a survey conducted by Business Recorder revealed here on Saturday. According to details, onion price remained stable at Rs 200 per 5k

Published 14 Jul, 2019 12:00am

Ashiana-i-Iqbal Housing case: Shahbaz allowed one-time exemption from appearing in court

An accountability court on Saturday allowed one-time exemption to leader of opposition in National Assembly Shahbaz Sharif from personal appearance in the hearing of Ashiana-i-Iqbal Housing Scheme case. Three witnesses of the prosecution were also present

Published 14 Jul, 2019 12:00am

Kaira demands forensic test of controversial video

President Pakistan Peoples Party (PPP) Punjab, Qamar Zaman Kaira has said that many questions have arisen on the accountability system after the video of Judge Arshad Malik. He said the controversial judge should have been removed earliest. He further dem

Published 14 Jul, 2019 12:00am

Exchange

Rice production target fixed at 3,992m metric tons

This year rice crop has been sown over an area of 4.754 million acres of land in the province and the government has fixed a production target at 3,992 million metric tons. The government is committed to guiding the paddy growers at every stage in order t

Published 14 Jul, 2019 12:00am

'Nature's revenge'

This is apropos a Business Recorder editorial "Nature's revenge" carried by the newspaper on Friday. The newspaper seems to have prepared a strong case for Sindh by arguing that "What the authorities need to understand is that the requirements of m

Published 14 Jul, 2019 12:00am

Sudan's desert nomads untouched by Bashir's downfall

Not far from Sudan's capital Khartoum, the epicentre of an uprising that toppled autocratic ruler Omar al-Bashir, dozens of camel traders are oblivious to the country's biggest political upheaval in decades. "What protests? We have all that we need in the

Published 14 Jul, 2019 12:00am

Amazon 'Prime Day' becomes phenomenon as rivals jump in

It started as a simple sales promotion, but Amazon's Prime Day has now morphed into a major phenomenon joined by scores of retailers jockeying with the US colossus for a bigger slice of the e-commerce pie.

Published 14 Jul, 2019 12:00am

In Paris, cars forced to make way for the two-wheel revolution

With the wind rushing through their hair, they zip past on bikes, electric scooters and mono-wheels, effortlessly passing lines of hot-and-bothered drivers stuck in the endless Paris traffic. In the French capital, the new mobility revolution has caught o

Published 14 Jul, 2019 12:00am

Currency

Anti-smuggling efforts by Customs

Dr Abdul Qudoos Shaikh, Deputy Collector (DC), Anti-Smuggling, Model Customs Collectorate of Preventive, Quetta laid down his life early morning on Tuesday 9th July, after struggling for his life for six days. An outstanding enforcement sleuth of the Paki

Published 14 Jul, 2019 12:00am

Confronting 'climate apartheid'

The UN has published a new report spotlighting the effects of climate change on the issue of poverty, saying the world is on course for "climate apartheid" where the rich pay to escape overheating, hunger and conflict while the rest of the poor, responsib

Updated 15 Jul, 2019 06:14am

Act before it is too late

The World Population Day was observed on July 11, like it has been for the last three decades, to focus governments' attention on the fast growing population and the challenges it presents to sustainable development and individual well-being. The issue ho

Updated 15 Jul, 2019 11:06am

Playing politics with human lives

This past Thursday was a sad day - at least 35 people were killed and many more grievously hurt in two accidents. At least 24 died in a train accident while 12 lost their lives in a bus accident. These accidents have been attributed to human error and bad

Updated 15 Jul, 2019 06:21am

New Zealanders give up weapons after mosque killings

Dozens of New Zealanders handed in their firearms Saturday as a gun buyback scheme went into operation aimed at ridding the country of semi-automatic weapons in the wake of the Christchurch mosque attacks. The first of more than 250 collections to be held

Published 14 Jul, 2019 12:00am

New Zealanders give up weapons after mosque killings

Dozens of New Zealanders handed in their firearms Saturday as a gun buyback scheme went into operation aimed at ridding the country of semi-automatic weapons in the wake of the Christchurch mosque attacks. The first of more than 250 collections to be held

Published 14 Jul, 2019 12:00am

Cabinet tells FIA to initiate probe against Khawaja Asif

The Cabinet has directed the Federal Investigation Agency (FIA) to initiate a probe against PML (N) leader and former Federal Minister for Foreign Affairs, Khawaja Asif on the basis of a source report. The Cabinet was informed that Khawaja Asif had held e

Published 14 Jul, 2019 12:00am

Cabinet tells FIA to initiate probe against Khawaja Asif

The Cabinet has directed the Federal Investigation Agency (FIA) to initiate a probe against PML (N) leader and former Federal Minister for Foreign Affairs, Khawaja Asif on the basis of a source report. The Cabinet was informed that Khawaja Asif had held e

Published 14 Jul, 2019 12:00am

Exchange

Registration renewals: SECP reduces fees for different categories of cos

In line with the decision of the SECP Policy Board, the Securities and Exchange Commission of Pakistan (SECP) has revised downward the fee structure for registration renewals and approvals for different categories of companies including registration of fo

Published 14 Jul, 2019 12:00am

Exchange

Registration renewals: SECP reduces fees for different categories of cos

In line with the decision of the SECP Policy Board, the Securities and Exchange Commission of Pakistan (SECP) has revised downward the fee structure for registration renewals and approvals for different categories of companies including registration of fo

Published 14 Jul, 2019 12:00am

Exchange

Registration renewals: SECP reduces fees for different categories of cos

In line with the decision of the SECP Policy Board, the Securities and Exchange Commission of Pakistan (SECP) has revised downward the fee structure for registration renewals and approvals for different categories of companies including registration of fo

Published 14 Jul, 2019 12:00am

26 killed in deadly Somalia hotel siege

Twenty-six people were killed and 56 injured in a 12-hour attack by Al-Shabaab jihadists on a popular hotel that ended early Saturday in the southern Somali port city of Kismayo. A suicide bomber rammed a vehicle loaded with explosives into the Medina hot

Published 14 Jul, 2019 12:00am

26 killed in deadly Somalia hotel siege

Twenty-six people were killed and 56 injured in a 12-hour attack by Al-Shabaab jihadists on a popular hotel that ended early Saturday in the southern Somali port city of Kismayo. A suicide bomber rammed a vehicle loaded with explosives into the Medina hot

Published 14 Jul, 2019 12:00am

Steel merchants demand uniform import policy

Demanding a uniform steel import policy, steel merchants have urged the federal government to immediately withdraw 5 percent additional custom duty and regulatory duty imposed on secondary steel imports in the FY20 Budget. During the meeting with Prime Mi

Published 14 Jul, 2019 12:00am

Steel merchants demand uniform import policy

Demanding a uniform steel import policy, steel merchants have urged the federal government to immediately withdraw 5 percent additional custom duty and regulatory duty imposed on secondary steel imports in the FY20 Budget. During the meeting with Prime Mi

Published 14 Jul, 2019 12:00am

Steel merchants demand uniform import policy

Demanding a uniform steel import policy, steel merchants have urged the federal government to immediately withdraw 5 percent additional custom duty and regulatory duty imposed on secondary steel imports in the FY20 Budget. During the meeting with Prime Mi

Published 14 Jul, 2019 12:00am

Correction

This is apropos a Business Recorder news item 'MoM: Exports register major decline' carried by the newspaper yesterday. The country's exports during June 2019 witnessed a decline of 18.32 percent in comparison with the exports of May 2019 and reduc

Published 14 Jul, 2019 12:00am

Correction

This is apropos a Business Recorder news item 'MoM: Exports register major decline' carried by the newspaper yesterday. The country's exports during June 2019 witnessed a decline of 18.32 percent in comparison with the exports of May 2019 and reduc

Published 14 Jul, 2019 12:00am

Russia launches space telescope

Russia launched a space telescope Saturday from the cosmodrome in Baikonur, Kazakhstan, a joint project with Germany intended to replace one it lost in January. Video posted on the website of the Roskosmos, the Russian space agency, showed a Proton-M rock

Published 14 Jul, 2019 12:00am

Russia launches space telescope

Russia launched a space telescope Saturday from the cosmodrome in Baikonur, Kazakhstan, a joint project with Germany intended to replace one it lost in January. Video posted on the website of the Roskosmos, the Russian space agency, showed a Proton-M rock

Published 14 Jul, 2019 12:00am

Maryam destroyed PML-N: Rashid

Federal Minister for Railways Sheikh Rashid Ahmed on Saturday said that Maryam Nawaz has destroyed Pakistan Muslim League-Nawaz (PML-N), and the alleged video of Judge Arshad Malik will impair Nawaz Sharif's case. Sheikh Rashid held a press conference in

Published 14 Jul, 2019 12:00am

Kartarpur Corridor: 2nd round of talks today

The second round of talks between India and Pakistan on the Kartarpur corridor is being held here at Wagah today. "The Indian delegation will come to Pakistan for the talks at Wagah," sources said adding: "Both sides will discuss the draft agreement for f

Published 14 Jul, 2019 12:00am

Kartarpur Corridor: 2nd round of talks today

The second round of talks between India and Pakistan on the Kartarpur corridor is being held here at Wagah today. "The Indian delegation will come to Pakistan for the talks at Wagah," sources said adding: "Both sides will discuss the draft agreement for f

Published 14 Jul, 2019 12:00am

Duty on SUVs parts: Revenue Div seeks to incorporate new PCT code in SRO 693(1) 2006

The Revenue Division has proposed incorporation of new Pakistan Customs Tariff (PCT) code in SRO 693(1) 2006 to collect additional customs duty on localized parts of SUVs, well-informed sources told Business Recorder. Giving the background, the sou

Published 14 Jul, 2019 12:00am

Duty on SUVs parts: Revenue Div seeks to incorporate new PCT code in SRO 693(1) 2006

The Revenue Division has proposed incorporation of new Pakistan Customs Tariff (PCT) code in SRO 693(1) 2006 to collect additional customs duty on localized parts of SUVs, well-informed sources told Business Recorder. Giving the background, the sou

Published 14 Jul, 2019 12:00am

Duty on SUVs parts: Revenue Div seeks to incorporate new PCT code in SRO 693(1) 2006

The Revenue Division has proposed incorporation of new Pakistan Customs Tariff (PCT) code in SRO 693(1) 2006 to collect additional customs duty on localized parts of SUVs, well-informed sources told Business Recorder. Giving the background, the sou

Published 14 Jul, 2019 12:00am

Broadsheet LLC: Government plea rejected by London's court

The country on Friday also lost case against Broadsheet LLC, as its plea has been dismissed by the London High Court, setting the total payable amount at more than 33 million dollars (Rs 5.21 billion). The federal government and the National Accountabilit

Published 14 Jul, 2019 12:00am

Broadsheet LLC: Government plea rejected by London's court

The country on Friday also lost case against Broadsheet LLC, as its plea has been dismissed by the London High Court, setting the total payable amount at more than 33 million dollars (Rs 5.21 billion). The federal government and the National Accountabilit

Published 14 Jul, 2019 12:00am

Government decides to challenge award

The international tribunal late Friday issued a 700-page judgement against Pakistan in the Reko Diq case. The World Bank''''s International Centre for Settlement of Investment Disputes (ICSID) award includes $4.08 billion penalty and $1.87 billion interes

Published 14 Jul, 2019 12:00am

Government decides to challenge award

The international tribunal late Friday issued a 700-page judgement against Pakistan in the Reko Diq case. The World Bank''s International Centre for Settlement of Investment Disputes (ICSID) award includes $4.08 billion penalty and $1.87 billion interest.

Published 14 Jul, 2019 12:00am

Government decides to challenge award

The international tribunal late Friday issued a 700-page judgement against Pakistan in the Reko Diq case. The World Bank's International Centre for Settlement of Investment Disputes (ICSID) award includes $4.08 billion penalty and $1.87 billion interest.

Published 14 Jul, 2019 12:00am

Government decides to challenge award

The international tribunal late Friday issued a 700-page judgement against Pakistan in the Reko Diq case. The World Bank's International Centre for Settlement of Investment Disputes (ICSID) award includes $4.08 billion penalty and $1.87 billion interest.

Published 14 Jul, 2019 12:00am

World Bank court orders government pay $5.8 billion damages to Tethyan Copper

A World Bank arbitration court has ordered the Pakistani government pay damages of $5.8 billion to Tethyan Copper, a joint venture between Chile''s Antofagasta Plc and Canada''s Barrick Gold, the Chilean miner said late on Friday. Tethyan Copper discovere

Published 14 Jul, 2019 12:00am

World Bank court orders government pay $5.8 billion damages to Tethyan Copper

A World Bank arbitration court has ordered the Pakistani government pay damages of $5.8 billion to Tethyan Copper, a joint venture between Chile's Antofagasta Plc and Canada's Barrick Gold, the Chilean miner said late on Friday. Tethyan Copper discovered

Published 14 Jul, 2019 12:00am

World Bank court orders government pay $5.8 billion damages to Tethyan Copper

A World Bank arbitration court has ordered the Pakistani government pay damages of $5.8 billion to Tethyan Copper, a joint venture between Chile's Antofagasta Plc and Canada's Barrick Gold, the Chilean miner said late on Friday. Tethyan Copper discovered

Published 14 Jul, 2019 12:00am

UK says Iran tanker will be freed after guarantees on destination

British Foreign Secretary Jeremy Hunt sought to ease tensions with Iran on Saturday, saying a tanker held by Gibraltar would be released if Tehran guaranteed it was not heading to Syria. He said he had a "constructive call" with his Iranian counterpart Mo

Published 14 Jul, 2019 12:00am

UK says Iran tanker will be freed after guarantees on destination

British Foreign Secretary Jeremy Hunt sought to ease tensions with Iran on Saturday, saying a tanker held by Gibraltar would be released if Tehran guaranteed it was not heading to Syria. He said he had a "constructive call" with his Iranian counterpart Mo

Published 14 Jul, 2019 12:00am

Clashes as Hong Kong protesters vent at China border traders

Clashes broke out between police and Hong Kong demonstrators Saturday as the latest anti-government protests took aim at traders coming across the border from mainland China. Police used pepper spray and batons against masked protesters in Sheung Shui, a

Published 14 Jul, 2019 12:00am

Clashes as Hong Kong protesters vent at China border traders

Clashes broke out between police and Hong Kong demonstrators Saturday as the latest anti-government protests took aim at traders coming across the border from mainland China. Police used pepper spray and batons against masked protesters in Sheung Shui, a

Published 14 Jul, 2019 12:00am

Turkey ignores US warnings over Russian S-400 missile deployment

Turkey ignored US warnings as it continued Saturday to take delivery of Russia's S-400 missile defence system near Ankara, a defence minstry statement indicated. "Delivery of S-400 Long Range Air and Missile Defence Systems resumed today," the statement s

Published 14 Jul, 2019 12:00am

Turkey ignores US warnings over Russian S-400 missile deployment

Turkey ignored US warnings as it continued Saturday to take delivery of Russia's S-400 missile defence system near Ankara, a defence minstry statement indicated. "Delivery of S-400 Long Range Air and Missile Defence Systems resumed today," the statement s

Published 14 Jul, 2019 12:00am

Kerb

$5 billion fine set for Facebook on privacy probe: report

US regulators have approved a $5 billion penalty to be levied on Facebook to settle a probe into the social network''s privacy and data protection lapses, the Wall Street Journal reported Friday. The newspaper said the Federal Trade Commission approved th

Published 14 Jul, 2019 12:00am

Kerb

$5 billion fine set for Facebook on privacy probe: report

US regulators have approved a $5 billion penalty to be levied on Facebook to settle a probe into the social network's privacy and data protection lapses, the Wall Street Journal reported Friday. The newspaper said the Federal Trade Commission approved the

Published 14 Jul, 2019 12:00am

Kerb

$5 billion fine set for Facebook on privacy probe: report

US regulators have approved a $5 billion penalty to be levied on Facebook to settle a probe into the social network's privacy and data protection lapses, the Wall Street Journal reported Friday. The newspaper said the Federal Trade Commission approved the

Published 14 Jul, 2019 12:00am

'Pakistani mafia' using bribes, blackmail to pressurise judiciary: PM

Prime Minister Imran Khan on Saturday stated that the Pakistani mafia uses tricks such as blackmail and threats to pressurise the judiciary and other institutions just like the Sicilian mafia. The prime minister in a post on Twitter said, "In a similar ve

Published 14 Jul, 2019 12:00am

'Pakistani mafia' using bribes, blackmail to pressurise judiciary: PM

Prime Minister Imran Khan on Saturday stated that the Pakistani mafia uses tricks such as blackmail and threats to pressurise the judiciary and other institutions just like the Sicilian mafia. The prime minister in a post on Twitter said, "In a similar ve

Published 14 Jul, 2019 12:00am

Al-Azizia, Flagship references: IHC to hear appeals from September 18

The Islamabad High Court (IHC) will hear former Prime Minister Nawaz Sharif's appeal against Accountability Court verdict in Al-Azizia reference and the National Accountability Bureau's plea against his (Nawaz) acquittal in the Flagship reference from Sep

Published 14 Jul, 2019 12:00am

Al-Azizia, Flagship references: IHC to hear appeals from September 18

The Islamabad High Court (IHC) will hear former Prime Minister Nawaz Sharif's appeal against Accountability Court verdict in Al-Azizia reference and the National Accountability Bureau's plea against his (Nawaz) acquittal in the Flagship reference from Sep

Published 14 Jul, 2019 12:00am

Majority of shop owners rejects strike call: Hammad

Federal Minister for Economic Affairs Division, Hammad Azhar Saturday claimed that majority of shop owners rejected the shutter-down strike call and showed willingness to change the tax culture of Pakistan. According to a tweet of Hammad Azhar Saturday, "

Published 14 Jul, 2019 12:00am

Majority of shop owners rejects strike call: Hammad

Federal Minister for Economic Affairs Division, Hammad Azhar Saturday claimed that majority of shop owners rejected the shutter-down strike call and showed willingness to change the tax culture of Pakistan. According to a tweet of Hammad Azhar Saturday, "

Published 14 Jul, 2019 12:00am

Majority of shop owners rejects strike call: Hammad

Federal Minister for Economic Affairs Division, Hammad Azhar Saturday claimed that majority of shop owners rejected the shutter-down strike call and showed willingness to change the tax culture of Pakistan. According to a tweet of Hammad Azhar Saturday, "

Published 14 Jul, 2019 12:00am

Not all associations join strike: Traders protest against IMF austerity measures

Markets and wholesale merchants across Pakistan closed on Saturday in a strike by businesses against measures demanded by the International Monetary Fund to crack down on tax evasion and bolster the country''s depleted public finances. In Karachi, the cou

Published 14 Jul, 2019 12:00am

Not all associations join strike: Traders protest against IMF austerity measures

Markets and wholesale merchants across Pakistan closed on Saturday in a strike by businesses against measures demanded by the International Monetary Fund to crack down on tax evasion and bolster the country's depleted public finances. In Karachi, the coun

Published 14 Jul, 2019 12:00am

Not all associations join strike: Traders protest against IMF austerity measures

Markets and wholesale merchants across Pakistan closed on Saturday in a strike by businesses against measures demanded by the International Monetary Fund to crack down on tax evasion and bolster the country's depleted public finances. In Karachi, the coun

Published 14 Jul, 2019 12:00am

Exchange

Autonomous CPEC Authority to be set up: Khusro

The government will set up an autonomous China-Pakistan Economic Corridor Authority for fast track execution of development projects in various sectors of economy. This was announced by Minister for Planning and Development Khusro Bakhtiar while addressin

Published 14 Jul, 2019 12:00am

Exchange

Autonomous CPEC Authority to be set up: Khusro

The government will set up an autonomous China-Pakistan Economic Corridor Authority for fast track execution of development projects in various sectors of economy. This was announced by Minister for Planning and Development Khusro Bakhtiar while addressin

Published 14 Jul, 2019 12:00am

Exchange

Autonomous CPEC Authority to be set up: Khusro

The government will set up an autonomous China-Pakistan Economic Corridor Authority for fast track execution of development projects in various sectors of economy. This was announced by Minister for Planning and Development Khusro Bakhtiar while addressin

Published 14 Jul, 2019 12:00am

Over three dozen killed in monsoon rains in South Asia

Floods and landslides triggered by torrential monsoon rains have killed at least 40 people across South Asia in the last two days, officials said Saturday. The monsoon, which lasts from June to September, causes widespread death and destruction across Sou

Published 14 Jul, 2019 12:00am

Over three dozen killed in monsoon rains in South Asia

Floods and landslides triggered by torrential monsoon rains have killed at least 40 people across South Asia in the last two days, officials said Saturday. The monsoon, which lasts from June to September, causes widespread death and destruction across Sou

Published 14 Jul, 2019 12:00am

Macron announces creation of a space force command

French President Emmanuel Macron on Saturday announced the creation of a new national military space force command that would eventually be part of his country's air force. The declaration - made on the eve of France's Bastille Day national celebrations t

Published 14 Jul, 2019 12:00am

Macron announces creation of a space force command

French President Emmanuel Macron on Saturday announced the creation of a new national military space force command that would eventually be part of his country's air force. The declaration - made on the eve of France's Bastille Day national celebrations t

Published 14 Jul, 2019 12:00am

Barry makes landfall in Louisiana, weakens to tropical storm

Major storm Barry made landfall on the Louisiana coast on Saturday, slamming the region with heavy rains and ferocious winds as millions of Americans braced for the serious flooding expected to follow. After briefly becoming the first hurricane of the Atl

Published 14 Jul, 2019 12:00am

Barry makes landfall in Louisiana, weakens to tropical storm

Major storm Barry made landfall on the Louisiana coast on Saturday, slamming the region with heavy rains and ferocious winds as millions of Americans braced for the serious flooding expected to follow. After briefly becoming the first hurricane of the Atl

Published 14 Jul, 2019 12:00am

Four Afghan forces killed as Taliban attack hotel compound

Four Afghan security forces were killed Saturday when Taliban insurgents attacked a hotel, officials said, as violence continues across Afghanistan despite US-led efforts to end the war. The assault took place in Qala-i-Naw, the capital of the western pro

Published 14 Jul, 2019 12:00am

Four Afghan forces killed as Taliban attack hotel compound

Four Afghan security forces were killed Saturday when Taliban insurgents attacked a hotel, officials said, as violence continues across Afghanistan despite US-led efforts to end the war. The assault took place in Qala-i-Naw, the capital of the western pro

Published 14 Jul, 2019 12:00am

Exchange

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (July 13, 2019).

Published 14 Jul, 2019 12:00am

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (July 13, 2019).

Published 14 Jul, 2019 12:00am

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (July 13, 2019).

Published 14 Jul, 2019 12:00am

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (July 13, 2019).

Published 14 Jul, 2019 12:00am

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

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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