News Archives for Print - 2019-07-20

Print - 2019-07-20

Islamic ponzi scam mastermind detained over half-billion dollar fraud

An influential businessman was arrested by Indian police Friday over a half-billion dollar ponzi scheme that allegedly defrauded tens of thousands of mostly-Muslim investors. Mohammed Mansoor Khan was detained at New Delhi airport upon his return from Dub

Published 20 Jul, 2019 12:00am

Trump attacks US Fed, demands rate cut

President Donald Trump attacked the independent US Federal Reserve on Friday, demanding the central bank reverse course and cut interest rates - something it is widely expected to do this month.

Published 20 Jul, 2019 12:00am

22-man squad for Bangladesh ODIs named

Sri Lanka on Friday named a 22-member ODI squad led by Dimuth Karunarathna for the upcoming Bangladesh tour of the island. The first of the three one-day internationals will be played on July 26, the second two days later and the final match on July 31. A

Published 20 Jul, 2019 12:00am

Sri Lanka to sack coaches over World Cup failure

Sri Lanka's sports minister has ordered the sacking of the national cricket coach after a lacklustre World Cup campaign that saw just three wins from nine games, officials said Friday. Chandika Hathurusingha and his assistants would be fired after Sri Lan

Published 20 Jul, 2019 12:00am

Tamim to lead Bangladesh in Sri Lanka as Mashrafe ruled out

Bangladesh on Friday named opener Tamim Iqbal as interim captain for the upcoming Sri Lanka tour after regular skipper Mashrafe Mortaza was ruled out with a hamstring injury. Mashrafe picked up the injury during a training session shortly after he attende

Published 20 Jul, 2019 12:00am

Eoin Morgan says no decision yet on future after World Cup win

Eoin Morgan says he has not yet decided whether to remain as England's white-ball skipper following their dramatic World Cup win against New Zealand. Morgan, 32, told BBC Sport it would be a "big commitment" to continue until the 2023 World Cup, with next

Published 20 Jul, 2019 12:00am

PCB's medical body discuss players fitness, facility

The Pakistan Cricket Board (PCB)'s Medical Advisory Committee (MAC) held its inaugural meeting, here at the National Cricket Academy, to discuss matters ranging from player safety to fitness and health protocols for domestic and international players. The

Published 20 Jul, 2019 12:00am

Lowry surges into share of Open lead as Woods, McIlroy set to miss cut

Ireland's Shane Lowry shot a four under par 67 to claim a share of the lead at the British Open on eight under as 15-time major winner Tiger Woods and pre-tournament favourite Rory McIlroy looked set to miss the cut on Friday. Resuming on four under, Lowr

Published 20 Jul, 2019 12:00am

UEFA hit Bulgaria with Euro 2020 stadium sanction

Bulgaria will play Euro 2020 qualifiers with England and the Czech Republic in front of partially closed stadiums after UEFA on Friday found the country's fans guilty of "racist behaviour". In a statement, European football's governing body said the Bulga

Published 20 Jul, 2019 12:00am

Five Pakistan cricketers get NOCs for Global T20 League

The Pakistan Cricket Board (PCB) has issued No Objection Certificates (NOCs) to five cricketers for participation in the Global T20 League that will get underway at Toronto (Canada) from July 25. The players who got NOCs include: Mohammad Hafeez, Shadab K

Published 20 Jul, 2019 12:00am

Tatishvili wins Roland Garros prize money appeal

Anna Tatishvili, who was stripped of her entire 46,000-euro ($52,000) prize money at Roland Garros for "not playing at a professional standard", has had her punishment overturned, the player announced on Twitter on Friday. "The Grand Slam Board has revers

Published 20 Jul, 2019 12:00am

Alaphilippe silences Thomas on Tour time-trial

Julian Alapahilippe extended his overall lead at the Tour de France on Friday winning the 27.2km individual time-trial at Pau on stage 13 to keep the yellow jersey and send his home fans wild. Geraint Thomas was second, the defending champion dropping 14

Published 20 Jul, 2019 12:00am

Top US swimmer King slams FINA doping controls in Sun row

American world record holder Lilly King hit out Friday at swimming's governing body over its doping protocols, as claims China's Sun Yang destroyed blood samples stunned athletes before the world championships in South Korea. Asked about her thoughts on a

Published 20 Jul, 2019 12:00am

Kawasaki Frontale stun Chelsea

J-League Champions Kawasaki Frontale pulled off a stunning 1-0 victory against Chelsea in friendly at Yokohama on Friday. Kawasaki striker Leandro Damiao headed in a Kengo Nakamura cross from a close range in the 86th minute to clinch the upset. Chelsea s

Published 20 Jul, 2019 12:00am

Currency

Dollar steadies in Asia

The dollar steadied on Friday but was still on the defensive after Federal Reserve officials bolstered expectations of an aggressive rate cut this month to address weakening price pressures. At a central banking conference on Thursday, New York Fed Presid

Published 20 Jul, 2019 12:00am

Currency

Euro weakens against dollar in Europe

The euro fell against a rebounding US dollar on Friday and hit a 2-year low versus the Swiss franc, as investors ramped up bets for a European Central Bank interest rate cut as early as next week. Money markets are now pricing in a roughly 60% chance of a

Published 20 Jul, 2019 12:00am

Early trade in New York: - recovers after walk-back of dovish Fed comments

The US dollar rose in early trading on Friday, swinging back into positive territory after the New York Federal Reserve walked back dovish comments from its president the prior day, which had bolstered expectations of an aggressive interest rate cut this

Published 20 Jul, 2019 12:00am

Exchange

Dollar falls broadly in NY on rate-cut view

The dollar fell broadly on Thursday as an influential Federal Reserve official bolstered bets on a preemptive interest rate cut later this month because rates and inflation are low even as the US economy has been expanding.

Published 20 Jul, 2019 12:00am

Currency

Turkish lira slips

The Turkish lira weakened slightly early on Friday, giving up some of the gains made the previous evening as US President Donald Trump was unclear over whether his administration was looking at imposing sanctions on Turkey. His comments came following a U

Published 20 Jul, 2019 12:00am

Most emerging Asian units rise

Most emerging Asian currencies rose against a weaker dollar on Friday after a dovish speech by a top Federal Reserve official sealed market expectations of a US rate cut in July New York Fed President John Williams said on Thursday that it was imperative

Published 20 Jul, 2019 12:00am

Exchange

South Africa's rand retreats

South Africa's rand weakened on Friday, giving back some of the big gains from the previous session as expectations of an aggressive interest rate cut by the Federal Reserve cooled, prompting investors to pocket end-of-week profits. At 1520 GMT the rand w

Published 20 Jul, 2019 12:00am

Currency

Sterling pushed back to $1.25, on shaky ground

The pound hovered around $1.25 on Friday after its biggest daily jump in more than two months in the previous session, though traders were still focused on the growing risks of a no-deal Brexit. A vote by U.K. lawmakers on Thursday will make it harder for

Published 20 Jul, 2019 12:00am

Aussie, kiwi at multi-month highs

The Australian and New Zealand dollars hit multi-month highs on Friday as market speculation on aggressive US rate cuts reached fever pitch following dovish comments from Federal Reserve policy makers. The Aussie was up at $0.7073, a level not seen since

Published 20 Jul, 2019 12:00am

Athens settles for uneasy night after 5.1-magnitude quake

Athenians settled for an uneasy night Friday after a strong 5.1-magnitude earthquake temporarily knocked out phone connections, damaged buildings and caused power outages. Noting that many people were likely afraid to sleep indoors, citizen's protection m

Published 20 Jul, 2019 12:00am

S Korean man kills himself as dispute with Japan escalates

An elderly South Korean man died on Friday after setting himself on fire outside the Japanese embassy in Seoul as a bitter diplomatic dispute over wartime forced labour compensation took a fatal turn. The row has seen Tokyo restrict exports of chemicals v

Published 20 Jul, 2019 12:00am

Indian jailed over killing of British girl

An Indian court on Friday sent a bartender to jail for 10 years over the sexual assault and killing of British schoolgirl Scarlett Keeling on a Goa beach in 2008. The Goa High Court ordered the maximum sentence against Samson D'Souza after finding him gui

Published 20 Jul, 2019 12:00am

Taliban say Swedish charity can re-open Afghan clinics

The Taliban gave "permission" Friday for a Swedish aid group to reopen its clinics west of Kabul, after the insurgents ordered the facilities' closure over a controversial Afghan army raid. Afghan officials have said little about the raid in Wardak provin

Published 20 Jul, 2019 12:00am

Exchange

IMF urges Yemen govt to pay public sector wages across country

The IMF urged Yemen's internationally recognised government on Friday to extend its payments of public sector salaries to the whole country to help the war-shattered economy to recover. The IMF also praised the government, which is based in the southern p

Published 20 Jul, 2019 12:00am

Dutch top court cuts state's liability for Srebrenica massacre

The Dutch Supreme Court on Friday slashed the state's liability for the 1995 Srebrenica massacre during the Bosnian War, saying peacekeepers had only a "slim" chance of preventing the deaths of hundreds of Muslim men. Judges reduced to 10 percent from 30

Published 20 Jul, 2019 12:00am

Drone bombs base used by pro-Iran forces in Iraq

An unmanned drone bombed a base used by pro-Tehran paramilitary units in central Iraq, the country's military announced Friday, with sources saying one fighter was killed and two Iranians wounded. The US immediately denied involvement in the attack, which

Published 20 Jul, 2019 12:00am

American IS 'sniper' charged

A naturalized American who was a sniper for the Islamic State group has been charged in New York with material support for a terror group after being captured in Syria and repatriated to the United States, the Justice Department announced Friday. Kazakhst

Published 20 Jul, 2019 12:00am

Israel spyware firm can mine data from social media: FT

An Israeli spyware firm thought to have hacked WhatsApp in the past has told clients it can scoop user data from the world's top social media, the Financial Times reported Friday. The London paper wrote that NSO group had "told buyers its technology can s

Published 20 Jul, 2019 12:00am

China's space lab Tiangong 2 destroyed in controlled fall to earth

China's Tiangong-2 space lab successfully re-entered the Earth's atmosphere Friday under controlled conditions, completing the latest round of experiments in Beijing's ambitious space programme. Tiangong-2 - or "Heavenly Palace" - was launched into orbit

Published 20 Jul, 2019 12:00am

France revises June temperature record up to 46 degrees

An area in southern France in June recorded the country's first ever 46 degree temperature, the French state weather service said on Friday, revising up the country's all-time record reached in last month's heatwave. Much of Europe sweltered through sizzl

Published 20 Jul, 2019 12:00am

Two killed as huge blast rocks China gas plant

A huge explosion rocked a gas plant in central China on Friday, killing at least two people and injuring another 18, state media said. Another twelve people were missing after the blast, said state broadcaster CCTV, which shattered windows and doors of bu

Published 20 Jul, 2019 12:00am

China hits back at 'hypocritical' US over religious freedom

Beijing on Friday criticised US Vice President Mike Pence and top diplomat Mike Pompeo as "hideous" and "hypocritical" after they called for religious freedom in China at a major meeting in Washington. Secretary of State Pompeo said Thursday that Washingt

Published 20 Jul, 2019 12:00am

China calls on US to 'correct' Iran sanctions

Beijing said Friday it has lodged an official protest with Washington over US sanctions against Chinese companies accused of being part of a supply network for Iran's nuclear programme. "We urge the US to immediately correct this wrong practice and earnes

Published 20 Jul, 2019 12:00am

Shahbaz slams arrests of PML-N workers

Pakistan Muslim League-Nawaz (PML-N) President Shahbaz Sharif has strongly condemned detention of the PML-N workers saying "this is a proof of Prime Minister Imran Khan's dictatorial mindset. In a statement, Shehbaz said that arrests of peaceful workers s

Published 20 Jul, 2019 12:00am

Minister updates PA: Sindh government signs MoU with Japan for women training programmes

Sindh government has inked an MoU with Japan to evolve programmes for the training of females in the society, provincial minister for Women Development Syeda Shehla Raza told Sindh Assembly on Friday. She was replying to queries of legislators during the

Published 20 Jul, 2019 12:00am

Dialogue to resolve issues of deprived class emphasized

A special committee of Senate on Friday said class-related deprivation issues among different parts of the country especially erstwhile tribal areas and Balochistan could not be resolved without dialogue. A meeting of the Senate special committee to 'exam

Published 20 Jul, 2019 12:00am

Shahbaz Jameel named ZTBL's president-cum-CEO

Federal Cabinet has appointed Shahbaz Jameel President/Chief Executive Officer (CEO) Zarai Tarqiati Bank Limited (ZTBL) for three years. Official sources told Business Recorder, Finance Division informed the Cabinet that President/CEO Zarai Tarqiati Bank

Published 20 Jul, 2019 12:00am

Cotton

Aptma raises issue of gas tariff with top officials

A delegation of All Pakistan Textile Mills Association (Aptma), led by its Chairman Syed Ali Ahsan held meetings with secretary finance and revenue, federal secretary petroleum and federal secretary power to represent and resolve issues being faced by the

Published 20 Jul, 2019 12:00am

MoU signed for pharmaceutical professional development programmes

The Office of Research, Innovation and Commercialisation, University of Karachi and Positive Impact on Friday signed a Memorandum of Understanding on programmes for continuous professional development for pharmaceutical sector. The KU ORIC director Profes

Published 20 Jul, 2019 12:00am

Jawwad removed, Sikandar new NHA chief

The government Friday removed Chairman National Highway Authority (NHA) Jawwad Rafique Malik and appointed Captain Sikandar Qayyum (retd) as new chairman of the authority. According to official notifications, Jawwad, a BS-22 officer of Pakistan Administra

Published 20 Jul, 2019 12:00am

Benazir Income Support Programme: PAC body expresses anger over lapse of Rs 14 billion

The subcommittee of the Public Accounts Committee on Friday expressed serious anger over the laps of Rs 14 billion in Benazir Income Support Programme (BISP) has directed the BISP to conduct an inquiry into the matter and present all the record before the

Published 20 Jul, 2019 12:00am

Senate body told: centre owes Rs 500 billion to KP under NHP head

The federal government has to pay Rs 500 billion as Net Hydel Profit (NHP) to Khyber Pakhtunkhwa as per AGN Kazi formula. This issue was deliberated in the meeting of Senate Committee on Water Resources headed by Senator Shamim Afridi on Friday with speci

Published 20 Jul, 2019 12:00am

Public-private partnership inevitable to improve defence industry: CoAS

Chief of Army Staff (CoAS) General Qamar Javed Bajwa has said that there is a need for enhanced public private partnership to turn Pakistan's defence industry into vibrant, self-reliant and self-sustained entity. The CoAS said that apart from public secto

Published 20 Jul, 2019 12:00am

Names of PTI's new executive members announced

Pakistan Tehreek-e-Insaf (PTI) on Friday named new members of party's executive committees across the country after the approval of party chairman Imran Khan. According to a notification issued by PTI central secretariat, Aamir Mehmood Kiani has been nomi

Published 20 Jul, 2019 12:00am

Partly Facetious: Trump-Imran chemistry

"One word of advice: even a rat would bare his teeth if you push it to the wall."

Published 20 Jul, 2019 12:00am

Exchange

SECP holds second workshop on digital transformation

The Securities and Exchange Commission of Pakistan (SECP) held the second Design Thinking Workshop on LEAP in Karachi. Today citizens have rising expectations for transparency, accessibility, quality and responsive service delivery from the public sector

Published 20 Jul, 2019 12:00am

HIV outbreak in Larkana: Korea to give $100,000 through WHO

The government of the Republic of Korea has decided to extend humanitarian assistance of USD 100,000 in cash through the World Health Organization (WHO) to help respond to Human Immunodeficiency Virus (HIV) Outbreak in Larkana district, Sindh of the Islam

Published 20 Jul, 2019 12:00am

Join journey for health sector's uplift by adopting hospitals: PM

Prime Minister Imran Khan Friday invited the private sector to step forward in adopting the country's major hospitals and join the government's journey of bringing improvement in health sector.

Published 20 Jul, 2019 12:00am

P&G Pakistan export Safeguard soap to Europe

Safeguard, a renowned P&G brand and one of Pakistan's leading anti-bacterial soaps, is now being exported to over 20 European countries from Pakistan.

Published 20 Jul, 2019 12:00am

KMC to take action against unauthorised cattle markets

Acting Mayor Karachi Syed Arshad Hasan said that KMC will not allow setting up of cattle markets in Karachi other than the 8 designated places and if any such market is found, strict action will be taken against it.

Published 20 Jul, 2019 12:00am

LPG retailers observe strike

A complete shutdown of LPG retails network observed on Friday in Karachi on appeal of All Pakistan LPG Distributors Association and Karachi Action Committee. All Pakistan LPG Distributors Association senior vice chairman Muhammad Ali Haider said the strik

Published 20 Jul, 2019 12:00am

Exchange

SBP revises forex manual's three chapters

The State Bank of Pakistan (SBP) has announced revision in select chapters of the foreign exchange manual.

Published 20 Jul, 2019 12:00am

Online registration for MDCAT begins

The online registration process for Medical and Dental Colleges Admission Test (MDCAT)-2019, started on Friday, which will continue till July 29.

Published 20 Jul, 2019 12:00am

Hydropower projects: EAD, French Agency ink grant agreements for Dargai, Chitral

Secretary Economic Affairs Division (EAD), Noor Ahmed; Ambassador of France to Pakistan, Marc Barety, and Country Director of the French Agency for Development (AFD), Jacky AMPROU signed the Credit Facility Agreement worth euros 50 million and a grant agr

Published 20 Jul, 2019 12:00am

Taiser Town Phase-II balloting: MDA web portal fails to update applicants

The applicants have slammed the Malir Development Authority for keeping them unaware of details of balloting for 'Taiser Town Phase-II' scheme's residential plots. In spite of balloting, applicants cannot know if they are named among those fortunate peopl

Published 20 Jul, 2019 12:00am

Kandahar attack: Pakistan refutes allegation of NDS

Pakistan on Friday rejected the 'baseless' accusations leveled by Afghan intelligence agency, National Directorate of Security (NDS), related to the recent terror attack in Kandahar.

Published 20 Jul, 2019 12:00am

Mian Aslam made Info minister in Punjab cabinet's reshuffling

Following Prime Minister Imran Khan's visit to Lahore on Thursday, reshuffle in the Punjab Cabinet was made on Friday by the Chief Minister as portfolios of some provincial ministers including Sumsam Bukhari were changed.

Published 20 Jul, 2019 12:00am

7,730 MW to be generated: 145 renewable energy projects under way,Senate panel told

The Senate Standing Committee on Planning, Development and Reforms was informed on Friday that as many as 145 renewable energy projects of 7,730.3MW will be completed in near future. The committee met with Senator Agha Shahzaib Durrani in the chair here a

Published 20 Jul, 2019 12:00am

No room for loot and plunder in 'new' Pakistan: Buzdar

Punjab Chief Minister Sardar Usman Buzdar on Friday said that the foundation of a transparent Pakistan has been laid by the PTI. "Pakistan is achieving the goal of transparency and it's being transformed under the leadership of Prime Minister Imran Khan,"

Published 20 Jul, 2019 12:00am

Open kutchery held in Faisalabad

Divisional Commissioner Mehmood Javed Bhatti, Acting Deputy Commissioner Tariq Khan Niazi and SP Mauz Zafar jointly held an open court at Jinnah Hall district council and listened to public complaints and issued orders to relevant departments for quick di

Published 20 Jul, 2019 12:00am

Workshop on water management held at UET

The Centre of Excellence in Water Resources Engineering (CEWRE) University of Engineering and Technology (UET) Lahore organized a two-day workshop on "GIS Application and Spatial Data Analysis for Water Management". The workshop was a combination of theor

Published 20 Jul, 2019 12:00am

Minister hails court's decision on PRA

Provincial Finance Minister Makhdoom Hashim Jawan Bakht on Friday welcomed the decision of a court on Punjab Revenue Authority (PRA) and said that the decision about its legal status is praiseworthy. "It would boost the morale of the PRA," he added. He ob

Published 20 Jul, 2019 12:00am

Three-day training workshop begins at PCD

The Punjab Cooperatives Department on Friday started a three-day training workshop about the principles of financial and office management for its district-level accountants from today. A total of 47 accountants are taking part in this workshop, which is

Published 20 Jul, 2019 12:00am

Fertiliser industry extends support to farmers

The fertilizer industry has voluntarily held back the impact of recent gas price increase to prevent backlash of it to farmers. This was agreed on request of Advisor Industries, Razzaq Dawood. The Advisor has assured the industry about settlement of GIDC

Published 20 Jul, 2019 12:00am

President to confer FPCCI achievement awards

President Dr Arif Alvi will confer Federation of Pakistan Chamber of Commerce and Industry (FPCCI) 7th Achievement Awards for the year 2019. As many as 40 recipients would be awarded for rendering services in different sectors at a ceremony being held on

Published 20 Jul, 2019 12:00am

Punjab cabinet meets today

Punjab chief minister Sardar Usman Buzdar will preside over the Punjab Cabinet meeting here on Saturday (today), to discuss 19-point agenda. The meeting will be attended by ministers, advisors, special assistance, Chief Secretary and high officials. Sourc

Published 20 Jul, 2019 12:00am

IGP directs officials to address public grievances

Punjab Inspector General of Police (IGP) Arif Nawaz Khan has expressed resentment over reports that senior police officers do not spare time for the complainants who visit their offices seeking legal action or registration of first information reports (FI

Published 20 Jul, 2019 12:00am

Cotton

WB team, LCCI chief discuss SMART programme

A four-member World Bank team on Strengthening Markets for Agriculture & Rural Transformation in Punjab (SMART) on Friday called on the LCCI President Almas Hyder and had a detailed meeting. World Bank Mission was headed by Hans Johannes while Senior Comm

Published 20 Jul, 2019 12:00am

KPITB signs MoU with PITB

The Khyber Pakhtunkhwa Information Technology Board (KPITB) Friday signed a memorandum of understanding (MoU) of cooperation with Punjab Information Technology Board (PITB). Chairman KPITB Dr Shahbaz Khan and Chairman PITB Azfar Manzoor signed the MoU on

Published 20 Jul, 2019 12:00am

APNS condoles death of Chaudhry Shabbir

Hameed Haroon, President, Sarmad Ali, Secretary General, All Pakistan Newspapers Society, on behalf of the office bearers and members of the Society have expressed profound grief over the sad demise of Chaudhry Muhammad Shabbir, Ex-Resident Editor, Daily

Published 20 Jul, 2019 12:00am

Gold prices up by Rs 700 per tola

Gold prices on Friday grew to Rs 84100 per tola up by Rs 700 on the local market, traders said. They said that the gold prices on the world market also mounted to $1438 an ounce, which drew the value of yellow metal on the local market to Rs 72085 per 10

Published 20 Jul, 2019 12:00am

Fight against poverty gaining pace: Dr Sania

Dr Sania Nishtar, Special Assistant to the Prime Minister on Social Protection and Poverty Alleviation on Friday expressed confidence that government's efforts to pull the poor out of poverty towards prosperity, which would be achieved in collaboration wi

Published 20 Jul, 2019 12:00am

Protesting nurses end sit-in after issuance of notification

Adviser to CM on Information, Law and Anti Corruption Murtaza Wahab has as per the promise of the Provincial Government reached at the protesting camp of Nurses Alliance at Karachi Press Club and handed over the notification to the leaders of Nurses Allia

Published 20 Jul, 2019 12:00am

HSATI voices concern over government policies

The Hyderabad SITE Association of Trade and Industry (HSATI) has expressed serious reservations over anti-industrial growth policies of all federal and provincial government concerned departments responsible for promoting trade and industrial activities.

Published 20 Jul, 2019 12:00am

UAE envoy for legal framework to encourage investments

Ambassador of United Arab Emirates (UAE), Hamad Obaid Alzaabi has stressed the need for having legal framework between UAE and Pakistan to encourage and save investments made either in Pakistan or in UAE.

Published 20 Jul, 2019 12:00am

Industrialists urged to get extra gas load regularised

Mohammad Wasim, Acting MD, Sui Southern Gas Company (SSGC) has stressed that all industries must ensure that any extra connected load extension is formally registered with the Company by renewing the Gas Sales Agreement (GSA) with the Company.

Published 20 Jul, 2019 12:00am

CJP for developing modern police system

Chief Justice of Pakistan (CJP) Asif Saeed Khosa has highlighted the importance of developing the police system on modern lines to solve criminal cases.

Published 20 Jul, 2019 12:00am

Video scandal: Physical remand of Mian Tariq extended

A local court on Friday extended physical remand of Mian Tariq Mahmood, prime suspect in the case of controversial video of former Accountability Court Judge Arshad Malik, for three days and granted him into custody of Federal Investigation Agency (FIA).

Published 20 Jul, 2019 12:00am

SC rejects plea against cancellation of bail to an accused of accident

Supreme Court (SC) on Friday rejected the plea against cancellation of bail to an accused in a road accident, in which a 22-year old motorcyclist was paralysed after he was hit by a vehicle.

Published 20 Jul, 2019 12:00am

Exchange

UAE envoy visits PSX

The Ambassador of United Arab Emirates (UAE), Hamad Obaid Al Zaabi along with Counselor General Bakheet Ateeq Al-Romaithi and Ahmad Abdulla Albalooshi, Advisor to Ambassador paid a courtesy visit to Pakistan Stock Exchange (PSX).

Published 20 Jul, 2019 12:00am

Erstwhile Fata's tribesmen go to polls today

Tribesmen of the erstwhile Fata, for the first time in their history, are to vote in the elections to Khyber Pakhtunkhwa provincial assembly today (Saturday). As many as 2.801 million voters are eligible to exercise their right of franchise to elect MPAs

Published 20 Jul, 2019 12:00am

No-confidence motion: government, opposition not in a hurry to have Senate session

Even though the joint opposition has moved a no-confidence motion against Senate Chairman Sadiq Sanjrani, yet it appears that neither the opposition nor treasury benches are in hurry to have the related session of the upper House of the Parliament convene

Published 20 Jul, 2019 12:00am

PM for disseminating correct news to public

Prime Minister Imran Khan on Friday asked the Ministry of Information and Broadcasting to play an effective role in collaboration with media to expose negative propaganda and ensure dissemination of correct information to the public at large.

Published 20 Jul, 2019 12:00am

Qureshi lands in US before PM's visit

Foreign Minister Shah Mehmood Qureshi on Friday landed in Washington, US ahead of Prime Minister Imran Khan's crucial visit. On the invitation of President Donald J Trump, PM Khan will embark on a visit to the US on July 21.

Published 20 Jul, 2019 12:00am

Polling stations in NA-205 Ghotki: PPPP urges ECP to reconsider decision of deploying troops

Pakistan Peoples Party Parliamentarians (PPPP) has urged the Election Commission of Pakistan (ECP) to reconsider its decision of posting troops inside polling stations in NA-205 Gothki in the interest of free, fair and transparent elections.

Published 20 Jul, 2019 12:00am

Cotton

APTMA's stance regarding sales tax on cotton

The additional sales tax on local production of cotton is 10 percent whereas the sales tax on yarn is 17 percent. In this scenario, no one will buy cotton and yarn due to their sales tax amount will get stuck in export cycle and this will be only benefici

Published 20 Jul, 2019 12:00am

As defaults rise, China bond markets are pricing risks better

July 15 proved a rough day for Chinese bondholders, bringing defaults by five issuers including Jinggong Group, an industrial conglomerate whose interests span steel, finance and rice wine. But analysts and market players say there might be a silver linin

Published 20 Jul, 2019 12:00am

Exchange

The deal

Much as the detractors might want to classify the deal as a Faustian Bargain, that it surely is not; it lacks a core ingredient, freedom to choose.

Published 20 Jul, 2019 12:00am

The challenge of mindset

"We have to change the mindset as the country can no longer be run according to outdated patterns. It is necessary to broaden the tax net," stated PM Imran Khan while addressing the award-distribution ceremony of the Gujranwala Chamber of Commerce this we

Published 20 Jul, 2019 12:00am

The ICJ verdict

Foreign Minister Shah Mehmood Qureshi has justifiably claimed as a victory for Pakistan the International Court of Justice's (ICJ) much-awaited verdict in the case of Kulbhushan Jadhav, an Indian intelligence operative under death sentence in this country

Updated 20 Jul, 2019 06:18am

Mis-declarations and smuggling

The chairman Federal Board of Revenue (FBR), Shabbar Zaidi, has reiterated the difficulties in plugging all tax loopholes, including smuggling and mis-declarations which, he stated, are not possible without the connivance of customs officials. He added th

Updated 20 Jul, 2019 06:19am

Blast at Kabul University kills eight

A powerful bomb blast outside the gates of Kabul University in the Afghan capital on Friday killed at least eight people and wounded 33, as students and lawyers waited to take an examination, officials said. Taliban militants are carrying out almost daily

Published 20 Jul, 2019 12:00am

Blast at Kabul University kills eight

Published 20 Jul, 2019 12:00am

Kosovo PM resigns after being called to war crimes court

Kosovo Prime Minister Ramush Haradinaj, a wartime commander of the Kosovo Liberation Army (KLA), said Friday he has resigned after being called as a suspect before a war crimes court in The Hague. "I received a summons from the special court as a suspect

Published 20 Jul, 2019 12:00am

Kosovo PM resigns after being called to war crimes court

Published 20 Jul, 2019 12:00am

FBR identifies ''non-filers''

Federal Board of Revenue (FBR) has identified over 2600 non-filers in a major bank and over 1900 in Sui Southern Gas Company (SSGC). Sources said that Broadening of Tax Base (BTB) of FBR Karachi after identifying over 2600 non-filers in a bank and over 19

Published 20 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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