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Nov 21, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2019-07-22
Germany's 2019 wheat crop set to rise

Germany's 2019 wheat crop set to rise

Germany's 2019 wheat harvest will be 17.5% higher than in the previous year at 23.81 million tonnes despite an early summer heatwave which stressed some crops, Germany's association of farm cooperatives (DRV) said on Wednesday.
Published 22 Jul, 2019 12:00am
US MIDDAY: Gold slips
Exchange

US MIDDAY: Gold slips

Gold edged lower on Wednesday as equities gained and investors awaited minutes from the US Federal Reserve's July meeting for clues on future interest rate cuts. Spot gold was down 0.2% at $1,504.00 per ounce at 1:45 p.m. EDT (1745 GMT).
Published 22 Jul, 2019 12:00am
Most major Gulf markets fall, banks weigh on Saudi index

Most major Gulf markets fall, banks weigh on Saudi index

Most major Gulf stock markets fell on Wednesday, with Saudi banking shares pushing that index down the most, amid rising regional geopolitical tensions and ahead of US Federal Reserve events. Tensions in the Middle East remained in focus after the United
Published 22 Jul, 2019 12:00am
Nikkei slips

Nikkei slips

Japanese shares dropped on Wednesday as renewed worries about a global recession weighed on risk assets, while the US-China trade war and political uncertainty in Italy and Britain added to the general air of caution in markets. The Nikkei share average t
Published 22 Jul, 2019 12:00am
Wednesday's early trade: Target, Lowe's earnings push Wall Street higher

Wednesday's early trade: Target, Lowe's earnings push Wall Street higher

Wall Street's main indexes rose about 1% on Wednesday, as upbeat earnings from retailers Lowe's and Target reinforced confidence in consumer demand, while investors awaited the release of the Fed minutes for further clues on the path of interest rate cuts
Published 22 Jul, 2019 12:00am
Wall Street rally ends as financial shares slide
Exchange

Wall Street rally ends as financial shares slide

Financial shares led US stocks lower on Tuesday to end a three-day rally as investors awaited comments from Federal Reserve Chair Jerome Powell at the end of the week. The S&P 500 financial index dropped 1.4% and the group weighed most heavily on the benc
Published 22 Jul, 2019 12:00am
Hong Kong shares up

Hong Kong shares up

Hong Kong stocks closed a tick higher on Wednesday, while markets bet on central banks to ease policy and stave off fears of global economic slowdown amid consistent headwinds from the Sino-US trade dispute. At the close of trade, the Hang Seng index was
Published 22 Jul, 2019 12:00am
Treasury yields down

Treasury yields down

US Treasury yields fell on Tuesday as the prospect of more central bank easing boosted demand for government debt, while concerns about Italy's government and Britain's tumultuous exit from the European Union fueled safe-haven buying. Investors are focuse
Published 22 Jul, 2019 12:00am
Treasury yields down

Treasury yields down

US Treasury yields fell on Tuesday as the prospect of more central bank easing boosted demand for government debt, while concerns about Italy's government and Britain's tumultuous exit from the European Union fueled safe-haven buying. Investors are focuse
Published 22 Jul, 2019 12:00am
Australian, NZ shares end lower

Australian, NZ shares end lower

Australian shares declined on Wednesday as a two-day winning streak gave way to renewed worries about the global economy, with miners and retailers dragging down the broader market. The benchmark S&P/ASX 200 index closed 0.9% lower at 6,483.30 after gaini
Published 22 Jul, 2019 12:00am
China stocks flat
Exchange

China stocks flat

Chinese stocks were largely unchanged on Wednesday as the market awaits clues from policymakers at home and abroad this week on further support to shore up growth amid a protracted trade war between the world's two largest economies. At the close, the Sha
Published 22 Jul, 2019 12:00am
Italy leads bounce in European shares

Italy leads bounce in European shares

European stock markets ended at a two-week high on Wednesday, led by a rebound in Italian shares and as investors bet more concrete signals of stimulus from central bankers may help allay global slowdown fears. The pan-European STOXX 600 index ended 1.2%
Published 22 Jul, 2019 12:00am
Indian shares plummet

Indian shares plummet

Indian shares closed sharply lower on Wednesday, led by declines in metals and banking stocks, as worries over a global recession and an escalating US-China trade war weighed on investor sentiment. The broader NSE index closed down 0.89% at 10,919.45, whi
Published 22 Jul, 2019 12:00am
Most SE Asian stocks fall

Most SE Asian stocks fall

Most Southeast Asian stock markets closed lower on Wednesday as investors anxiously awaited a couple of US Federal Reserve events for clues on further rate cuts, while Thai shares gained on strong export data. Market participants looked forward to the min
Published 22 Jul, 2019 12:00am
Oil majors, exporters boost FTSE 100; Fed minutes eyed

Oil majors, exporters boost FTSE 100; Fed minutes eyed

London's FTSE 100 rose on Wednesday as oil majors tracked gains in crude prices and exporters benefitted from a weaker pound, while markets waited for minutes of the US Federal Reserve's July meeting for signs of further policy easing. The main index adde
Published 22 Jul, 2019 12:00am
Scottish budget deficit at seven-year low, but far exceeds UK average

Scottish budget deficit at seven-year low, but far exceeds UK average

Scotland's budget deficit has fallen to a seven-year low but remains larger as a share of the economy than budgets in the rest of Britain, official figures showed on Wednesday - figures that were seized on by opponents of Scottish independence.
Published 22 Jul, 2019 12:00am
US, Mexico reach deal to end tomato tariffs

US, Mexico reach deal to end tomato tariffs

The United States and Mexico said Wednesday they have reached a deal to end US tariffs on Mexican tomatoes, imposed amid a surge in trade tension between the neighbors. The US imposed the 17.5-percent tariffs in May, after the countries failed to renew an
Published 22 Jul, 2019 12:00am
Israel, South Korea announce free-trade deal

Israel, South Korea announce free-trade deal

Israel and South Korea announced Wednesday they have concluded a free-trade agreement to eliminate tariffs on goods ranging from cars and medical equipment to lipstick and video games. Israeli Economy Minister Eli Cohen called the deal "historic", saying
Published 22 Jul, 2019 12:00am
US takes aim at deadly Chinese fentanyl networks
Currency

US takes aim at deadly Chinese fentanyl networks

The US Treasury took action Wednesday to crack down on Chinese traffickers of deadly fentanyl, sanctioning producer-exporters and warning banks on financial schemes used to distribute the synthetic opioid behind thousands of US overdose deaths.
Published 22 Jul, 2019 12:00am
South Africa inflation dips

South Africa inflation dips

South Africa's inflation last month dipped to 4.0 percent, its lowest level since January, the statistics agency said Wednesday. "Annual consumer price inflation was 4,0 percent in July 2019, down from 4,5 percent in June 2019," said StatsSA. The decline
Published 22 Jul, 2019 12:00am
Trump renews attacks on Fed's Powell
Currency

Trump renews attacks on Fed's Powell

President Donald Trump resumed his attacks on Federal Reserve Chair Jerome Powell on Wednesday, blaming him for keeping the economy from growing much faster. In yet another Twitter screed, Trump said, "The only problem we have is Jay Powell and the Fed. H
Published 22 Jul, 2019 12:00am
Trade woes are slowing US economy: budget experts

Trade woes are slowing US economy: budget experts

Higher trade barriers, including President Donald Trump's tariffs, are slowing the US economy and cutting household income, congressional budget experts warned on Wednesday, as Trump heads toward a 2020 election showdown with Democrats.
Published 22 Jul, 2019 12:00am
US home sales jump

US home sales jump

US home sales rose more than expected in July, boosted by lower mortgage rates and a strong labor market, signs the Federal Reserve's shift toward lower interest rates was supporting the economy. A separate report released by the Labour Department on Wedn
Published 22 Jul, 2019 12:00am
Court allows Ryanair British pilots to strike

Court allows Ryanair British pilots to strike

Ryanair's British-based pilots will be allowed to strike as planned this week, the High Court in London ruled on Wednesday, but the High Court in Dublin blocked Ireland's pilots from joining in the walkout. "The immediate industrial action (due Thursday a
Published 22 Jul, 2019 12:00am
Fed will remain flexible, rates not on 'preset course'

Fed will remain flexible, rates not on 'preset course'

The US Federal Reserve will remain flexible and interest rates will not be on a "preset course" in the face of persistent risks from trade uncertainty and weak global growth, the central bank said Wednesday.
Published 22 Jul, 2019 12:00am
Juventus look to expand in Asia with new Hong Kong branch

Juventus look to expand in Asia with new Hong Kong branch

Italian champions Juventus announced on Wednesday that they have opened a new branch in Hong Kong as the Serie A giants look to expand into the Asia-Pacific region. Juventus see the region as a major area of potential growth and are keen on "strengthening
Published 22 Jul, 2019 12:00am
New Zealand look to exploit Sri Lanka's Oval weakness

New Zealand look to exploit Sri Lanka's Oval weakness

New Zealand will be hoping to add to Sri Lanka's poor record at their own Oval ground and level the series in the second and final Test starting Thursday. Unlike the spinner's paradise at Galle and the batting haven that is the SSC, the Oval - the only gr
Published 22 Jul, 2019 12:00am
PCB announces schedule against England

PCB announces schedule against England

The Pakistan Cricket Board (PCB) Wednesday announced the schedule of their men's team's tour of England next year, which runs from 30th July 2010 till 2nd September, 2010 involving three Tests and as many as T20 Internationals. The Test series will be Pak
Published 22 Jul, 2019 12:00am
Australia rule out bouncer battle

Australia rule out bouncer battle

Australia coach Justin Langer has told his side to avoid being drawn into a bouncer battle after Steve Smith was ruled out of the third Ashes Test against England. Star batsman Smith suffered delayed concussion symptoms after being hit on his neck by a 92
Published 22 Jul, 2019 12:00am
PCB Constitution 2019 comes into effect

PCB Constitution 2019 comes into effect

The Pakistan Cricket Board (PCB) has received notification from the Ministry of IPC, confirming the Cabinet division's approval of the new PCB Constitution 2019, which came into effect on 19th August 2019. As per the new PCB Constitution, under Clause 49
Published 22 Jul, 2019 12:00am
Emerging cricketers invited for training plan

Emerging cricketers invited for training plan

As many as 12 emerging cricketers from all over the country have been called for 'Emerging Players High Performance Skill and Training Programme,' which will get under way here at the National Cricket Academy (NCA) from Friday (August 23). The two-week-lo
Published 22 Jul, 2019 12:00am
Twitter agree to meet with Man United over Pogba abuse

Twitter agree to meet with Man United over Pogba abuse

Twitter have reacted to calls for more to be done in preventing racist abuse of footballers on social media platforms by agreeing to meet with representatives of Manchester United they announced on Wednesday. United executives were keen for a meeting with
Published 22 Jul, 2019 12:00am
Russian race walker gets eight-year doping ban

Russian race walker gets eight-year doping ban

Russian race walker Sergey Bakulin, a former world champion, has been banned for eight years for doping, the Athletics Integrity Unit (AIU) announced on Wednesday. It was a second doping ban for Bakulin, who is 32, and runs until April 2027. That could me
Published 22 Jul, 2019 12:00am
Dollar under pressure in Asia trade
Currency

Dollar under pressure in Asia trade

The dollar was under pressure on Wednesday, elbowed off a three-week peak after a bounce in US yields stalled ahead of a global central bankers meeting, at which the Federal Reserve is expected to give clues on further rate cuts.
Published 22 Jul, 2019 12:00am
Euro pinned near recent lows in Europe
Exchange

Euro pinned near recent lows in Europe

The euro struggled to make headway against a resilient dollar on Wednesday while foreign exchange markets remained largely calm ahead of a crucial meeting of central bankers later this week. After markets rushed over the last two months to price in signif
Published 22 Jul, 2019 12:00am
Early trade in New York: Dollar gains against yen, Swiss franc

Early trade in New York: Dollar gains against yen, Swiss franc

The dollar rose against the safe-haven yen and Swiss Franc on Wednesday, as risk appetite further improved with global stocks and US yields higher ahead of an annual Federal Reserve gathering later this week in Jackson Hole, Wyoming and a summit of major
Published 22 Jul, 2019 12:00am
Dollar weakens against majors in New York

Dollar weakens against majors in New York

The dollar declined on Tuesday, in line with the drop in Treasury yields, as investors braced for a potentially dovish Federal Reserve at a Jackson Hole, Wyoming, gathering later this week, with many expecting an announcement of some measure that would ea
Published 22 Jul, 2019 12:00am
Bitcoin falls over eight percent
Currency

Bitcoin falls over eight percent

Bitcoin fell more than 8% on Wednesday, plumbing to a five-day low, with traders and analysts ascribing the losses to technical trading in thin liquidity. The biggest cryptocurrency by market capitalisation was last down 7.6% at $9,936, after touching $9,
Published 22 Jul, 2019 12:00am
Asian forex: South Korean won leads gains
Currency

Asian forex: South Korean won leads gains

The won rose sharply on Wednesday on signs of easing in Japan's curbs on exports to South Korea, while other Asian currencies strengthened against a defensive dollar ahead of a symposium of global central bankers. Comments from US Federal Reserve Chair Je
Published 22 Jul, 2019 12:00am
South African rand rallies

South African rand rallies

South Africa's rand rallied more than 1% to its firmest in nearly a week on Wednesday on optimism the central bank has room to boost the flagging economy after consumer inflation fell more than expected, while stocks gained.
Published 22 Jul, 2019 12:00am
Sterling down ahead of Johnson, Merkel meeting
Currency

Sterling down ahead of Johnson, Merkel meeting

The pound on Wednesday gave back some of the previous day's gains as investors took little heart from hints by German Chancellor Angela Merkel that there might be room for negotiation over Brexit as prospects of a no deal loom.
Published 22 Jul, 2019 12:00am
PMEX daily trading report
Exchange

PMEX daily trading report

On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,090. The traded value of Metals, Energy and COTS/FX was recorded at PKR 6.818 billion and the numbers of lots traded were 9,224. Major business was contributed by Gold am
Published 22 Jul, 2019 12:00am
China's iron ore hits 10-week low on supply concerns
Exchange

China's iron ore hits 10-week low on supply concerns

Iron ore futures in China fell for a fourth straight session on Tuesday as supply concerns eased, while stepped-up production curbs in top steelmaking city of Tangshan added more pressure. The most-traded January 2020 iron ore contract on the Dalian Commo
Published 22 Jul, 2019 12:00am
Asia's naphtha cracks fall; gasoline at lowest since August 2

Asia's naphtha cracks fall; gasoline at lowest since August 2

Asia's naphtha crack was at a two-session low of $20.38 a tonne on Tuesday, pressured by ample supplies that have battered the market repeatedly for much of this year. Although supplies to Asia arriving from western origins, such as Europe and the Mediter
Published 22 Jul, 2019 12:00am
Euronext wheat futures slip to contract lows

Euronext wheat futures slip to contract lows

Euronext wheat futures slipped to contract lows on Tuesday as ample supplies from northern hemisphere harvests hung over the market while renewed weakness in Chicago also curbed Paris prices. Benchmark December milling wheat on Paris-based Euronext settle
Published 22 Jul, 2019 12:00am
CBOT corn futures fall to 3-month low

CBOT corn futures fall to 3-month low

Chicago Board of Trade corn futures closed lower on Tuesday, with the bellwether December contract setting a three-month low on spillover weakness from wheat and beneficial rains falling in the US Midwest, traders said. CBOT December corn settled down 5-3
Published 22 Jul, 2019 12:00am
US natural gas futures rise on high demand
Exchange

US natural gas futures rise on high demand

US natural gas futures rose for a second straight session on Tuesday as gas demand rose amid above-normal temperatures, but a surge in production to all-time highs and forecasts for moderating weather limited gains. Front-month gas futures on the New York
Published 22 Jul, 2019 12:00am
Activities at Karachi and Port Qasim

Activities at Karachi and Port Qasim

The Karachi Port handled 108,038 tonnes of cargo comprising 71,524 tonnes of import cargo and 36,514 tonnes of export cargo including 5,093 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday.
Published 22 Jul, 2019 12:00am
Steady trend seen on cotton market
Cotton

Steady trend seen on cotton market

Steady trend was witnessed on the cotton market on Wednesday in the process of moderate trading, dealers said. The official spot rate was unchanged at Rs 7800, they added. In ready session, over 9000 bales of cotton changed hands between Rs 7650 and Rs 82
Published 22 Jul, 2019 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures rose on Tuesday, boosted by a steady recent climb in European rapeseed prices. Limited farmer selling to the cash market also underpins canola, along with funds holding a large short position, a trader said. November canola gai
Published 22 Jul, 2019 12:00am
CBOT soyabean futures higher

CBOT soyabean futures higher

Chicago Board of Trade soyabean futures closed modestly higher on Tuesday, supported by declining US crop condition ratings and uncertainty about US yield prospects, traders said. CBOT November soyabeans settled up 1-3/4 cents at $8.68-1/4 per bushel.
Published 22 Jul, 2019 12:00am
Sudan swears in civilian-majority ruling council

Sudan swears in civilian-majority ruling council

Sudan took further steps in its transition towards civilian rule Wednesday with the swearing in of a new sovereign council, to be followed by the appointment of a prime minister. The body replaces the Transitional Military Council (TMC) that took charge a
Published 22 Jul, 2019 12:00am
China threatens sanctions on US firms linked to Taiwan warplanes sale

China threatens sanctions on US firms linked to Taiwan warplanes sale

China on Wednesday blasted a huge planned US arms shipment to self-ruled Taiwan and threatened to sanction firms involved in the sale of F-16 fighter jets. The US State Department on Tuesday approved the transfer of 66 Lockheed Martin-built F-16 fighter j
Published 22 Jul, 2019 12:00am
Several hurt as gang storms video set of rapper Booba

Several hurt as gang storms video set of rapper Booba

Gangs armed with guns and baseball bats stormed the set of a music video by controversial French rapper Booba, firing shots in a clash which left several people injured in the latest controversy to hit the star artist, a police source said Wednesday.
Published 22 Jul, 2019 12:00am
UK 'cannot accept current agreement' on Brexit: Johnson

UK 'cannot accept current agreement' on Brexit: Johnson

British Prime Minister Boris Johnson told German Chancellor Angela Merkel on Wednesday that the UK "cannot accept" the current terms of their Brexit deal to leave the European Union. "Clearly we cannot accept the current withdrawal agreement, arrangements
Published 22 Jul, 2019 12:00am
Facebook hiring journalists to curate its new News Tab

Facebook hiring journalists to curate its new News Tab

Facebook on Tuesday confirmed plans for a News Tab that will be edited by seasoned journalists, in a departure from its longstanding practice of letting algorithms dictate a user's experience. A human team will select relevant, reliable breaking and top n
Published 22 Jul, 2019 12:00am
Iran tanker breaks down in Red Sea: ministry

Iran tanker breaks down in Red Sea: ministry

An Iranian oil tanker has broken down in the Red Sea near Saudi Arabia but its crew are safe and carrying out repairs, the oil ministry's website said on Wednesday. The HELM suffered a "technical fault" about 120 kilometres (75 miles) north of the Saudi p
Published 22 Jul, 2019 12:00am
Iraq paramilitary force says US 'responsible' for base attacks

Iraq paramilitary force says US 'responsible' for base attacks

Iraq's Hashed al-Shaabi said Wednesday it held the US responsible for a string of blasts in recent weeks in camps and weapons depots used by the mainly Shiite paramilitary force. Four bases used by the Hashed have been hit by mysterious explosions over th
Published 22 Jul, 2019 12:00am
Syria regime forces take full control of key town

Syria regime forces take full control of key town

Syrian regime forces took full control of the key northwestern town of Khan Sheikhun on Wednesday, surrounding Turkish forces at a nearby observation post, a war monitor said. "Regime forces took full control of the town of Khan Sheikhun and are currently
Published 22 Jul, 2019 12:00am
South African court restricts display of apartheid-era flag

South African court restricts display of apartheid-era flag

In a landmark ruling, a Johannesburg court on Wednesday barred the unjustified display of South Africa's apartheid-era national flag, saying such gestures amounted to "hate speech" and "harassment". Judge Phineas Mojapelo said in Johannesburg that any gra
Published 22 Jul, 2019 12:00am
UAE rejects support claims for separatist seizure of Yemen's Aden

UAE rejects support claims for separatist seizure of Yemen's Aden

The UAE on Wednesday rejected accusations it supported Yemeni separatists in their seizure of interim capital Aden, as the government refused talks with secessionists until they fully withdraw. "We regret hearing today allegations directed against the UAE
Published 22 Jul, 2019 12:00am
Trump slams Danish PM's 'nasty' rejection of Greenland
Exchange

Trump slams Danish PM's 'nasty' rejection of Greenland

Donald Trump snapped back Wednesday at the Danish prime minister's "nasty" dismissal of his attempts to purchase Greenland, heightening a row which had already prompted the US president to scrap a state visit. Hours after announcing he would not visit Cop
Published 22 Jul, 2019 12:00am
Razak lauds World Bank's role in country's economic Development

Razak lauds World Bank's role in country's economic Development

Adviser to Prime Minister on Commerce, Textile, Industries, Production and Investment Razak Dawood on Wednesday appreciated the role of World Bank in the economic and social development of Pakistan by providing technical and financial assistance to Pakist
Published 22 Jul, 2019 12:00am
HBL offers credit cards through its mobile app

HBL offers credit cards through its mobile app

HBL has now become the first bank in Pakistan to offer credit cards through its mobile app. Customers can now avail a HBL Credit Card through a paperless process with just a few taps on their mobile phone screens.
Published 22 Jul, 2019 12:00am
CoAS visits POF Wah & Heavy Industries Taxila

CoAS visits POF Wah & Heavy Industries Taxila

General Qamar Javed Bajwa, Chief of Army Staff (CoAS) visited Pakistan Ordnance Factories (POF) Wah and Heavy Industries Taxila (HIT). At the POF the CoAS inaugurated Urea Formaldehyde Moulding Compound (UFMC) Plant at Wah Nobel Chemicals Factory. The pro
Published 22 Jul, 2019 12:00am
Shell Pakistan posts after tax loss of Rs 1,704 million
Currency

Shell Pakistan posts after tax loss of Rs 1,704 million

The Board of Directors of Shell Pakistan Limited announced the second quarter results for the company on Wednesday. The company posted an after tax loss of Rs 1,704 million compared to the profit of Rs 247 million made in the same period last year.
Published 22 Jul, 2019 12:00am
Shell Pakistan posts after tax loss of Rs 1,704 million
Currency

Shell Pakistan posts after tax loss of Rs 1,704 million

The Board of Directors of Shell Pakistan Limited announced the second quarter results for the company on Wednesday. The company posted an after tax loss of Rs 1,704 million compared to the profit of Rs 247 million made in the same period last year.
Published 22 Jul, 2019 12:00am
Pakistan Refinery Limited
Mutual Funds

Pakistan Refinery Limited

Pakistan Refinery Limited (PSX: PRL) was incorporated as a public limited company in 1960. Located on the coastal belt of Karachi, the refinery is operating at two locations; the main processing unit is located at Korangi Creek with supporting crude berth
Published 22 Jul, 2019 12:00am
Pakistan Refinery Limited
Mutual Funds

Pakistan Refinery Limited

Pakistan Refinery Limited (PSX: PRL) was incorporated as a public limited company in 1960. Located on the coastal belt of Karachi, the refinery is operating at two locations; the main processing unit is located at Korangi Creek with supporting crude berth
Published 22 Jul, 2019 12:00am
JI accuses government of harming national solidarity

JI accuses government of harming national solidarity

Jamaat-e-Islami chief Sirajul Haq has held the government responsible for harming national solidarity on occasion when India is unleashing water aggression on Pakistan and plans to attack on Muzffarabad.
Published 22 Jul, 2019 12:00am
P&D holds session on R&D fund

P&D holds session on R&D fund

As a means of encouraging quality applied research and innovation in the academia and private sector, the Planning and Development Board arranged a session on its recently established research and development fund.
Published 22 Jul, 2019 12:00am
Founders-PIAF alliance starts campaign for LCCI polls

Founders-PIAF alliance starts campaign for LCCI polls

The Founders-PIAF Alliance has formally kicked off election campaigns for the Lahore Chamber of Commerce and Industry (LCCI) forth coming annual elections. The alliance leaders pledged to continue to raise voice for the solution of the problems being face
Published 22 Jul, 2019 12:00am
B'stan CM calls on Imran

B'stan CM calls on Imran

Chief Minister Balochistan Jam Kamal Khan called on Prime Minister Imran Khan here at the PM Office on Wednesday and discussed the overall situation in Balochistan. The meeting also discussed the progress of ongoing development projects, a PM Office state
Published 22 Jul, 2019 12:00am
Telenor Pakistan offers $224.6 million to government

Telenor Pakistan offers $224.6 million to government

Telenor Pakistan, while preserving its legal rights, has offered to make a substantial payment of $224.6 million to the government to ensure continuity of services and preserve rights of over 44 million customers. "The GSM license of Telenor Pakistan, whi
Published 22 Jul, 2019 12:00am
Punjab PA condemns Indian atrocities in IOK

Punjab PA condemns Indian atrocities in IOK

The Punjab Assembly on Wednesday unanimously passed a resolution to condemn Indian atrocities in Occupied Jammu and Kashmir and abrogating articles 370 and 35-A which abolished the special status of Occupied Kashmir. The resolution through the federal gov
Published 22 Jul, 2019 12:00am
UET syndicate approves Rs4.482bn budget for FY20

UET syndicate approves Rs4.482bn budget for FY20

University of Engineering and Technology (UET) Lahore syndicate's meeting presided over by Vice Chancellor Prof Dr Syed Mansoor Sarwar approved Rs4.482 billion budget with deficit of Rs 261.186 million for the year 2019-20. Chairing the 3/2019 syndicate m
Published 22 Jul, 2019 12:00am
Wapda receives bids for Diamer Bhasha Dam's infrastructure

Wapda receives bids for Diamer Bhasha Dam's infrastructure

In what can be termed as a significant development towards construction of Diamer Bhasha Dam, the Pakistan Water and Power Development Authority (WAPDA) Wednesday received bids for construction of Dam Part of the Project here at WAPDA House. As many as tw
Published 22 Jul, 2019 12:00am
Court extends remand of Maryam, cousin for 14 days

Court extends remand of Maryam, cousin for 14 days

An accountability court on Wednesday extended physical remand of Maryam Nawaz and her cousin Yousaf Abbas in Chaudhry Sugar Mills/money laundering case for another 14 days.
Published 22 Jul, 2019 12:00am
Qandeel Baloch's parents pardon sons, seek acquittal

Qandeel Baloch's parents pardon sons, seek acquittal

The parents of model Qandeel Baloch announced a pardon for their sons, submitting an affidavit in court on Wednesday. In 2016, Qandeel Baloch was strangled to death at her home in Punjab by her brother Waseem. Her father Muhammad Azeem Baloch had lodged a
Published 22 Jul, 2019 12:00am
Nigeria hails 'historic milestone' after 3 years polio-free

Nigeria hails 'historic milestone' after 3 years polio-free

Nigeria on Wednesday announced that three years had elapsed since it last recorded a case of polio, a key step towards eradicating the notorious disease in Africa. "Three years without a case of wild polio virus is a historic milestone for Nigeria and the
Published 22 Jul, 2019 12:00am
Uganda, Rwanda leaders sign pact to end standoff
Exchange

Uganda, Rwanda leaders sign pact to end standoff

The presidents of Rwanda and Uganda on Wednesday signed an agreement in Angola to ease months of tensions after the two leaders exchanged accusations of spying, political assassinations and meddling.
Published 22 Jul, 2019 12:00am
US to allow indefinite detention of migrant children: DHS

US to allow indefinite detention of migrant children: DHS

President Donald Trump's administration announced Wednesday that it would remove tough legal limits on how long migrant children can be detained as part of its broader crackdown on undocumented immigrants. The Department of Homeland Security said it was t
Published 22 Jul, 2019 12:00am
Physical remand of Hamza extended for 14 days

Physical remand of Hamza extended for 14 days

An accountability court on Wednesday extended physical remand of Hamza Shahbaz for next 14 days in alleged illegal assets and money laundering case. National Accountability Bureau (NAB) officials presented Hamza before the court and again complained about
Published 22 Jul, 2019 12:00am
SECP registers 1,525 new companies in July
Exchange

SECP registers 1,525 new companies in July

In July, the Securities and Exchange Commission of Pakistan (SECP) registered 1,525 new companies. As compared to the corresponding month of last financial year, it represents a growth of 41 percent raising the number of total registered companies to 102,
Published 22 Jul, 2019 12:00am
Secretary MoE visits Byco refinery

Secretary MoE visits Byco refinery

The Petroleum Division Secretary, Ministry of Energy, Mian Asad Hayaud Din, visited Byco's refinery and Single Point Mooring on Wednesday. He was briefed on Byco's operations and received an in-depth briefing on the operations of its floating port, the Si
Published 22 Jul, 2019 12:00am
Islamic Relief distributes Qurbani meat packs across country

Islamic Relief distributes Qurbani meat packs across country

Like every year, Islamic Relief Pakistan distributed Qurbani meat packs among deserving families across Pakistan under its Qurbani Programme. According to the details, more than 15000 meat packs were distributed among communities living in areas of North
Published 22 Jul, 2019 12:00am
Shehri-CBE highlights mobility issue of pedestrians, special people

Shehri-CBE highlights mobility issue of pedestrians, special people

Shehri-Citizen for a Better Environment (Shehri-CBE) on Wednesday highlighted serious mobility challenges faced by pedestrians and people with special needs in the city, urging Karachi Metropolitan Corporation (KMC) and District Municipal Corporations (DM
Published 22 Jul, 2019 12:00am
Adviser vows to provide incentives to business community

Adviser vows to provide incentives to business community

Adviser to Prime Minister on Institutional Reforms, Dr Ishrat Hussain has reiterated that the incumbent PTI-led government is keen to support private sector as driver of economic growth. He assured that the government will facilitate and provide all incen
Published 22 Jul, 2019 12:00am
ZTBL acting chief launches tree plantation drive

ZTBL acting chief launches tree plantation drive

Acting President/CEO, Sheikh Aman Ullah, launched tree plantation campaign on Wednesday by planting a tree at the Head Office in Islamabad. On the occasion, he said that Pakistan is ranked among the countries vulnerable to climate change & tree plantation
Published 22 Jul, 2019 12:00am
PSO participates in 'Plant for Pakistan Day" campaign

PSO participates in 'Plant for Pakistan Day" campaign

Pakistan State Oil, the nation's largest oil marketing company actively participated in the 'Plant for Pakistan Day" campaign that is in line with Prime Minister's Green & Clean Pakistan mission.
Published 22 Jul, 2019 12:00am
PSW termed most significant cross-border trade initiative

PSW termed most significant cross-border trade initiative

Federal Board of Revenue (FBR) Member Customs (Operations) Jawwad Owais Agha said Wednesday that Pakistan Single Window (PSW) is the most significant cross border trade facilitation initiative to have been undertaken by the Government of Pakistan.
Published 22 Jul, 2019 12:00am
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