News Archives for Print - 2019-07-23

Print - 2019-07-23

Currency

Hedge funds go 'long' Brazilian real for first time since March

Hedge funds and other speculators trading US futures markets are net buyers of the Brazilian real for the first time since March, according to the latest figures from the Commodity Futures Trading Commission. Figures released on Friday show that speculati

Published 23 Jul, 2019 12:00am

Currency

Sterling drops again as markets raise bets on no-deal Brexit

Sterling extended its decline on Monday as the outlook for the currency turned bleaker, with traders increasing their bets on a no-deal Brexit ahead of the results of the Conservative Party's leadership election. The pound's weakness was in contrast to th

Published 23 Jul, 2019 12:00am

Sri Lankan rupee weak

Sri Lankan rupee ended 0.09% weaker at 175.90/176.00 per dollar, compared with Friday's close of 175.75/85, as importer demand for the greenback outpaced the dollar selling by banks. The rupee is up 3.81% so far this year. The central bank left key intere

Published 23 Jul, 2019 12:00am

Currency

Aussie, kiwi off peaks

The Australian dollar eased from three-month highs on Monday as fading expectations for aggressive interest rate cuts in the United States sent the greenback broadly higher. The New Zealand dollar nudged higher from Friday's close although it held below a

Published 23 Jul, 2019 12:00am

Exchange

UN nuclear watchdog chief Amano dies

The head of the UN's nuclear watchdog, Yukiya Amano, has died after suffering poor health for some time, the International Atomic Energy Agency said on Monday, as international tensions run high over Iran's nuclear activities. The longtime Japanese diplom

Published 23 Jul, 2019 12:00am

India launches historic bid to put spacecraft on Moon

India on Monday launched a low-cost rocket on a historic bid to put a landing craft on the surface of the Moon and join an elite space force. A week after an initial launch was halted just before blast-off, Chandrayaan-2 - or Moon Chariot 2 - took off fro

Published 23 Jul, 2019 12:00am

US sanctions Chinese oil trader for violating Iran restrictions: Pompeo

The United States is placing a leading Chinese oil importer on its sanctions blacklist for trading in Iranian crude, Secretary of State Mike Pompeo announced Monday. "As part of that maximum pressure campaign, I am announcing that the United States is imp

Published 23 Jul, 2019 12:00am

Ballots close in race to become Britain's next PM

Ballots closed in the race to become Britain's next prime minister on Monday, with the favourite Boris Johnson facing more defections by ministers over his Brexit plan. The country's new leader will take the reins this week and have just three months to a

Published 23 Jul, 2019 12:00am

China thanks UAE for backing Beijing's Xinjiang policies

China on Monday thanked the United Arab Emirates for backing its security crackdown in Xinjiang, state media said, as President Xi Jinping played host to Abu Dhabi's crown prince. Beijing has come under growing international scrutiny for placing an estima

Published 23 Jul, 2019 12:00am

Airstrikes kill 50 civilians in Syria's northwest

Regime and Russian air strikes killed 50 people in northwest Syria on Monday, most of them in a crowded market, a war monitor said, in the latest violence to plague the opposition bastion. In the town of Maaret al-Numan in Idlib province, men covered in b

Published 23 Jul, 2019 12:00am

French submarine lost in 1968 found at last in Mediterranean

A French submarine that went missing in the western Mediterranean in 1968 has been found, officials said Monday, ending a 51-year wait for families of the crew who continue to seek answers to the naval disaster. The diesel-electric Minerve submarine was l

Published 23 Jul, 2019 12:00am

UK will keep 'close eye' on Hong Kong violence probe

Britain "will be keeping a close eye" on Hong Kong leader Carrie Lam's investigation into a vicious assault on pro-democracy protesters, a junior foreign minister said Monday. "I welcome Carrie Lam's statement today saying she has asked the Commissioner o

Published 23 Jul, 2019 12:00am

Khamenei says US plan to 'destroy Palestinian identity'

Iran's supreme leader Ayatollah Ali Khamenei said the objective of a US plan for Middle East peace was to "destroy Palestinian identity", as he met Monday with a Hamas delegation. US President Donald Trump's adviser and son-in-law Jared Kushner has been p

Published 23 Jul, 2019 12:00am

Air strike kills eight Afghan civilians

At least eight civilians - including children - were killed in an air strike that destroyed two homes in eastern Afghanistan, an official said Monday. The deaths come amid a flare-up in violence across war-torn Afghanistan, where civilians are dying each

Published 23 Jul, 2019 12:00am

US mistrust on the rise, with government seen as worst: poll

Americans distrust the news media, but see government and political leaders as even more untrustworthy, a survey showed Monday. The Pew Research Center found 69 percent of Americans say the federal government intentionally withholds important information

Published 23 Jul, 2019 12:00am

South Sudan's Kiir bans singing of anthem in his absence

South Sudan's President Salva Kiir has banned anyone from singing the national anthem unless he is present, a minister said Monday. Information Minister Michael Makuei told AFP that different leaders and institutions were playing the anthem at whim, which

Published 23 Jul, 2019 12:00am

Israel demolishes Palestinian homes in Jerusalem area

Israel demolished a number of Palestinian homes it considers illegally constructed near its separation barrier south of Jerusalem on Monday in a move that drew international condemnation. Palestinian leaders slammed the demolitions in the Sur Baher area w

Published 23 Jul, 2019 12:00am

Cotton

Cotton steadies above three-year low, focus on trade talks

ICE cotton futures on Monday firmed above three-year lows hit last week as some speculators covered their short positions after intense selling with focus on US-China trade talks. The most-active cotton contract on ICE Futures US, the second-month Decembe

Published 23 Jul, 2019 12:00am

Exchange

Nickel slides from peak as speculators take profits

Nickel prices fell on Monday as speculators locked in profits by liquidating bullish positions after the market surged to levels not supported by current supply-demand fundamentals. Other industrial metals prices were also in the red, under pressure from

Published 23 Jul, 2019 12:00am

Exchange

Oil prices rise over one percent after Iran seizes British tanker

Oil prices rose more than 1% on Monday, as investors worried about possible supply disruptions in the energy-rich Middle East after Iran's seizure of a British tanker last week. Brent crude futures climbed $1 a barrel, or 1.6% to 63.47 a barrel by 12:28 p

Published 23 Jul, 2019 12:00am

Exchange

Tokyo rubber falls on weak Shanghai futures

Tokyo Commodity Exchange (TOCOM) futures fell on Monday, tracking weak Shanghai futures. The benchmark TOCOM rubber contract for December delivery finished 0.6 yen ($0.0056) lower at 184.5 yen per kg. The most-active rubber contract on the Shanghai future

Published 23 Jul, 2019 12:00am

Vegetable Oil

Malaysian palm oil gains

Malaysian palm oil futures rose on Monday, tracking overnight gains in US soyaoil on the Chicago Board of Trade (CBOT) and supported by expectations that Indian edible oil imports could jump to record levels this year. The benchmark palm oil contract for

Published 23 Jul, 2019 12:00am

US corn rating 58 percent good-excellent

The US Department of Agriculture is expected to rate 58% of the US corn crop in good to excellent condition in its weekly crop progress report, unchanged from a week earlier, according to an average of estimates by 13 analysts surveyed by Reuters on Monda

Published 23 Jul, 2019 12:00am

Indonesia plans cloud seeding to avoid crop failure

Indonesia is preparing to carry out cloud seeding in an effort to trigger rainfall to prevent harvest failure and forest fire, the disaster mitigation agency's spokesman said on Monday. The agency's data shows that on July 22 about 20,269 hectares of agri

Published 23 Jul, 2019 12:00am

Raw sugar springs back, cocoa gains

Raw sugar futures on ICE edged up on Monday as a technically oversold market steadied after sinking nearly 6% last week, while cocoa prices hit their highest in more than a week. October raw sugar was up 0.03 cents, or 0.3% at 11.62 cents per lb at 1405 G

Published 23 Jul, 2019 12:00am

Exchange

Gold ticks up in Asia

Gold prices gained on Monday following a steep fall in the previous session as tensions in the Middle East and weaker financial markets supported the metal, while a stronger dollar kept a lid on gains. Spot gold was up 0.2% at $1,427.31 per ounce, as of 0

Published 23 Jul, 2019 12:00am

Exchange

Gold rises in Europe

Gold prices steadied on Monday, after a sharp fall in the previous session, as investors waited for a decision from the US Federal Reserve on interest rates at its month-end meeting. Spot gold was up 0.2% at $1,427.43 per ounce as of 10:56 am. EDT (1456 G

Published 23 Jul, 2019 12:00am

US MIDDAY: grain futures drop

Chicago corn and soyabean futures dropped sharply on Monday as hopes of Chinese buying fizzled and forecasts of cooler weather in the US Midwest eased concerns about crop yield losses. Wheat prices also were lower, pressured by bigger European yields, tra

Published 23 Jul, 2019 12:00am

Exchange

US MIDDAY: gold holds steady

Gold prices steadied on Monday, after a sharp fall in the previous session, as investors waited for the US Federal Reserve's decision on interest rates at its month-end meeting next week. Spot gold was up 0.1% at $1,426.44 per ounce as of 1:44 pm. EDT (17

Published 23 Jul, 2019 12:00am

NKATI urges SSGC to supply gas at subsidized rates

President of North Karachi Association of Trade & Industry (NKATI), Syed Tariq Rashid has urged Sui Southern Gas Company (SSGC) to review decision and issue directives to accept town association's recommendation letters and provide supplying at subsidized

Published 23 Jul, 2019 12:00am

Sindh government, Kuwaiti company sign MoU on power projects

Sindh government and Kuwaiti company Enertech Holdings signed a Memorandum of Understanding (MoU) for investment in power sector in the province. Under the MoU, the Kuwait Company Enertech Holdings would invest in Waste to Energy projects, starting with a

Published 23 Jul, 2019 12:00am

Seafood export falls to $438.021 million

Pakistan's seafood export fell to $438.021 million during the just ended fiscal year 2018-19 because of hasty enforcement of the federal government's deep sea policy that kept fishing suspended for about three months, industry said on Monday.

Published 23 Jul, 2019 12:00am

Exchange

Hi-Tech Lubricants Limited

Hi-Tech Lubricants Limited (PSX: HTL) is one of the leading synthetic engine and machinery lubricant marketing company of Pakistan with a sizeable market share in lubricants market. Its product portfolio under brand name "ZIC" includes a wide range of spe

Updated 23 Jul, 2019 08:00am

Mutual Funds

Hi-Tech Lubricants Limited

Published 23 Jul, 2019 12:00am

Punjab CS for joint efforts to eradicate polio

On the direction of Chief Secretary Punjab Yousaf Naseem Khokhar, the Primary and Secondary Health Department has prepared a comprehensive plan comprising short, medium and long term measures to eradicate polio from the province.

Published 23 Jul, 2019 12:00am

Surveillance system: Punjab police join hands with PSCA

The Punjab police with the assistance of the Punjab Safe Cities Authority (PSCA) have started installation of police surveillance system in Mianwali, Sialkot, Rahim Yar Khan and Bahawal Nagar.

Published 23 Jul, 2019 12:00am

Joint opposition to protest against government on July 25: Kaira

Pakistan Peoples Party (PPP) Punjab Chairman Qamar Zaman Kaira said on Monday that the joint opposition would hold protest against fascist government on 25th of July. He was addressing a press conference at the party secretariat after presiding over a par

Published 23 Jul, 2019 12:00am

Reducing cargo weight limit on trucks will hurt economy: experts

The government's decision to reduce axle load limit by 50 percent will have severe impact on Pakistan's economy as the industry estimates at least 200,000 additional trucks needed to cater timely transportation of heavyweight or bulk products and raw mate

Published 23 Jul, 2019 12:00am

Punjab government to regularise katchi abadis: Chohan

The Punjab government has decided to regularize katchi abadis throughout the province, said sources. Provincial Minister for Colonies Fayyaz-ul-Hassan Chohan presided over a meeting of the department and directed officers to submit a report in this regard

Published 23 Jul, 2019 12:00am

Punjab to set up shelter homes in every DHQs: minister

Provincial Minister for Law and Social Welfare & Bait-ul-Maal Raja Basharat has announced to establish shelter homes in every divisional headquarter hospitals (DHQs) across Punjab during the current fiscal year 2019-20.

Published 23 Jul, 2019 12:00am

PM's US visit will improve relations: minister

Punjab Information and Culture Minister Mian Aslam Iqbal said on Monday that positive outcome will emerge after the visit of Prime Minister Imran Khan to the United States.

Published 23 Jul, 2019 12:00am

Exchange

Rice sown over area of 4.618 million acres in Punjab

Rice crop is not only important to meet domestic nutritional requirement but also vital source of earning precious foreign exchange. This year it has been sown over an area of 4.618 million acres in Punjab and every effort will be made to achieve the prod

Published 23 Jul, 2019 12:00am

British-Pakistani businessman to set up hospitals in Punjab

Famous British-Pakistani businessman Aneel Mussarat called on Punjab Chief Minister Sardar Usman Buzdar, here on Monday and announced to establish a hospital in every division of the province in partnership with the provincial government.

Published 23 Jul, 2019 12:00am

Tanners for linking DP note mark-up with KIBOR

The Pakistan Tanners Association (PTA) has said that the promissory note against the sales tax refund claims are being issued at 10 percent mark-up whereas KIBOR is almost at 14 percent and it urged the government to link the mark-up of promissory note wi

Published 23 Jul, 2019 12:00am

Three committees to run affairs of Quaid-e-Azam Library

The 42th meeting of Board of Governors of Quaid-e-Azam Library presided over by Chief Secretary Punjab Yousaf Naseem Khokhar on Monday formed three committees to run affairs of the library. Six-member executive committee, three-member promotion committee,

Published 23 Jul, 2019 12:00am

Partly Facetious: A city woman with a mind of her own

"The Buzz went off to Quetta dressed like The Khan and did a Khan there."

Published 23 Jul, 2019 12:00am

Murtaza slams Haleem Adil's statement

Advisor to chief minister Sindh for information, law and anticorruption Barrister Murtaza Wahab while criticising PTI Sindh chapter president Haleem Adil Shaikh, said that before criticising Pakistan Peoples Party and its leadership, he (Haleem) should lo

Published 23 Jul, 2019 12:00am

SC dismisses claimants' pleas over ownership of KMC quarters

Supreme Court (SC) on Monday dismissed pleas of claimants over the ownership of quarters of Karachi Municipal Corporation (KMC) in district Korangi, Karachi after the court ruled that the KMC has the ownership rights over these quarters.

Published 23 Jul, 2019 12:00am

PM urged to continue 17 percent FED on Fata-Pata based steel units

Former Chairman of Pakistan Steel Melters Association, Mian Iqbal Tariq has urged Prime Minister Imran Khan to continue levies of 17% FED on Steel Mills of FATA-PATA to give level playing field to all stakeholders. The FATA-PATA based steel units have enj

Published 23 Jul, 2019 12:00am

Projects in Balochistan, Sindh: USF awards contracts worth Rs 1.328 billion to Telenor Pakistan

The Universal Service Fund (USF) on Monday awarded contracts worth Rs 1.328 billion to Telenor Pakistan for projects in Balochistan and Sindh. Federal Minister for IT & Telecom, Khalid Maqbool Siddiqui inaugurated the projects "Broadband Coverage on Natio

Published 23 Jul, 2019 12:00am

Fancy number plates: Traffic police drive from August 1

Karachi traffic police on Monday announced that it would launch a special drive against substandard and fancy number plates of vehicles next month. The drive against fancy number plates on motorcycles, cars and jeeps, etc, would begin from August 1 in Kar

Published 23 Jul, 2019 12:00am

Robbers loot PTI leader Shibli Faraz's house

Unknown robbers barged into the house of Pakistan Tehreek-e-Insaf (PTI) leader Shibli Faraz and took away cash and other valuables. According to police, the robbers entered the house of Leader of the House in Senate Shibli Faraz, located at Sector F-7, Pa

Published 23 Jul, 2019 12:00am

Reforms in health sector top priority: PM's aide

Special Assistant to Prime Minister on National Health Services Dr Zafar Mirza has said that reforms in health sector are among the top priorities of the government. Addressing a function here on Monday, he said health of elderly people is of great signif

Published 23 Jul, 2019 12:00am

Social spending: IMF for mobilizing domestic tax revenue

Pakistan needs to mobilize domestic tax revenue now and into the future to provide reliably for needed social and development spending, while placing debt on a firm downward trend, said Acting Managing Director of the International Monetary Fund (IMF) Dav

Published 23 Jul, 2019 12:00am

Disqualification of candidate: SC announces judgement

The Supreme Court has held that under Article 63 (1) (h) of the Constitution and Section 27 (2) (i) of the Punjab Local Government Act, 2013 (PLGA), the disqualification of a candidate is on the basis of conviction and 'sentence awarded as opposed to the

Published 23 Jul, 2019 12:00am

Complaint Cell at Sindh Secretariat inaugurated

Chief Secretary Sindh Syed Mumtaz Ali Shah inaugurated the Complaint Cell established in Sindh Secretariat aimed at resolving the problems faced by the general public in a shortest possible time. Addressing the inaugural ceremony on Monday, Mumtaz Ali Sha

Published 23 Jul, 2019 12:00am

SU chalks out 2019-2021 strategic plans

SU Vice Chancellor Professor Dr Fateh Muhammad Burfat has devised strategic plan 2019-2021 to meet newly-emerging challenges in higher education sector, generate more revenue and strengthen university-industry linkage. These strategic plans include impart

Published 23 Jul, 2019 12:00am

Government intends to create Ministry of Development and Special Initiatives

Pakistan Tehreek-e-Insaf (PTI) government intends to create Ministry of Development and Special Initiatives to deal with mega development projects and provide a formal role to the establishment in the administration and execution of China-Pakistan Economi

Published 23 Jul, 2019 12:00am

Exchange

Pakistan gives immense importance to its ties with Korea: NA speaker

Speaker National Assembly Asad Qaiser has said that Pakistan gives immense importance to its friendly relations with Korea and wants to further expand the bilateral relations through enhanced corporation in trade and investment sectors. He said that there

Published 23 Jul, 2019 12:00am

Senator Lindsey, Imran discuss bilateral ties, regional situation

Leading Republican Senator Lindsey Graham called on Prime Minister Imran Khan at Pakistan House. Senator Graham chairs the Senate Judiciary Committee and is a member of the Senate Foreign Relations Committee, says a press release issued here on Monday. Th

Published 23 Jul, 2019 12:00am

Drive against 10 fatal diseases launched in KP

A two-week special vaccination campaign against ten fatal diseases on Monday kicked off in Khyber Pakhtunkhwa. According to provincial health department, children across the province will be vaccinated against measles, hepatitis, pneumonia, tuberculosis,

Published 23 Jul, 2019 12:00am

FBR urged to revise automated system for GST registration

The Federal Board of Revenue (FBR) has been requested to revise the new automated system for sales tax registration to expedite the process of sales tax registration for new applicants. In a communication with the FBR, Imtiaz Ahmad Khan, former chief exec

Published 23 Jul, 2019 12:00am

2018-19: Mobile phone imports decline 10.87 percent

Mobile phones imports witnessed a decline of 10.87 percent in the last fiscal year (July-June) 2018-19 and remained $755.545 million compared to $847.654 million during the same period of 2017-18. Mobile phone imports in June 2019 remained $57.733 million

Published 23 Jul, 2019 12:00am

Government condoles death of DG IAEA

The government of Pakistan expressed its condolences over the passing away of Yukiya Amano, Director General of the International Atomic Energy Agency (IAEA). DG Amano brought years of experience, wisdom and solid leadership to the Agency and served it wi

Published 23 Jul, 2019 12:00am

'FPCCI Achievement Awards sheer violation of DGTO order'

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) is set to announce its Achievement Awards on July 25 (Thursday) at Awan-e-Sadar without implementing the order of Director General Trade Organisations (DGTO) announced on July 5, which

Published 23 Jul, 2019 12:00am

Pakistan seeks convening of TIFA meeting

Pakistan will seek engagement with the United States in the economic and trade arena, while emphasizing the need for early convening of the next round of Trade and Investment Framework Agreement (TIFA) meeting during the ongoing visit of Prime Minister Im

Published 23 Jul, 2019 12:00am

Workshop held for officers' training

Ministry of Human Rights, Government of Pakistan, Social Organization 'Handicap International' and Department of Empowerment of Persons with Disabilities, Government of Sindh have organized a workshop for training of officers of relevant departments.

Published 23 Jul, 2019 12:00am

Exchange

No change in instruction on purchase of foreign currency notes by banks: SBP

The State Bank of Pakistan (SBP) on Monday said that no change has been made in instruction on purchase of foreign currency notes by banks. According to a statement issued by SBP, foreign exchange policy and its operations in Pakistan are formulated and r

Published 23 Jul, 2019 12:00am

Hot, humid weather likely in most parts of country

Karachi on Monday received a long and isolated spell of drizzle after hot waves battered the citizens during the day with temperature up to 37 degrees Celsius, the Met Office said. The Met forecast a partly cloudy and humid weather for the city with chanc

Published 23 Jul, 2019 12:00am

Mother of Mian Habib Ullah laid to rest

The mother of Mian Habib Ullah of DM Textile Mills passed away on Monday. Her funeral prayers were held at Masjid W Block, Phase 3, Defence, Lahore on Monday evening before she was laid to rest in Chiniot. Dua will be held today at Masjid W Block Phase 3

Published 23 Jul, 2019 12:00am

Divisional headquarters; CM decides to establish satellites of NICH

Sindh Chief Minister Syed Murad Ali Shah has decided to establish satellites of National Institute of Child Health (NICH) in all the divisional headquarters and in the first phase its satellite will be established in Mirpurkhas.

Published 23 Jul, 2019 12:00am

SKMCH Peshawar awarded JCI hospital accreditation

Shaukat Khanum Memorial Cancer Hospital and Research Centre (SKMCH&RC) Peshawar has earned Joint Commission International's Gold Seal of Approval for Hospital Accreditation by demonstrating continuous compliance with its internationally-recognized standar

Published 23 Jul, 2019 12:00am

ICT, PFVA ink MoU for horticulture, livestock sectors' growth

International Trade Centre (ICT), a subsidiary of the World Bank, has joined hands with All Pakistan Fruit & Vegetable Exporters, Importers & Merchants Association (PFVA) to boost horticulture and livestock sectors in Sindh & Balochistan.

Published 23 Jul, 2019 12:00am

Trump-Imran meeting: attempts to isolate country will be quashed: Firdous

Pakistani diaspora has strong faith in the leadership of Prime Minister Imran Khan, said Dr Firdous Ashiq Awan, Special Assistant to the Prime Minister for Information and Broadcasting, adding that the premier's current visit to the US is aimed at protect

Published 23 Jul, 2019 12:00am

US CG visits KMC head office

The acting Consul General of United States of America in Karachi Darian Arky paid a visit to KMC Head Office on Monday where he met with the acting Mayor Syed Arshad Hasan and discussed with him matter of mutual interest. The acting mayor during the meeti

Published 23 Jul, 2019 12:00am

Firdous vows legal cover to protect journalists' rights

An efficient legislative cover may soon be provided to the workers, pertaining to electronic and print media, to prevent their exploitation in any manner, said Special Assistant to the Prime Minister on Information and Broadcasting, Dr Firdous Ashiq Awan

Published 23 Jul, 2019 12:00am

Controversial video scandal case: Prime suspect sent on 14-day judicial remand

A local court Monday sent Mian Tariq Mahmood, prime suspect in the case of controversial video of former Accountability Court Judge Arshad Malik, on 14-day judicial remand. The officials of Federal Investigation Agency (FIA) produced Tariq Mahmood before

Published 23 Jul, 2019 12:00am

Injured Italian rescued after 48 hours on Karakoram peak

Military helicopters have rescued an Italian climber 48 hours after he suffered serious injuries in a fall in the northern Karakoram mountains, officials said on Monday.

Published 23 Jul, 2019 12:00am

CJP urges lawyers to be adepted in history, mathematics and literature

Chief Justice of Pakistan Asif Saeed Khan Khosa has advised lawyers to have command over history, mathematics and literature. The Chief Justice was addressing a certificate awarding ceremony here at Federal Judicial Academy on Monday. "We all must have to

Published 23 Jul, 2019 12:00am

Opposition claims to have 64 senators' support to remove Sanjrani

The opposition parties are determined to send back Chairman Senate Sadiq Sanjrani to home, claiming to have the numerical strength of around 64 senators, whereas only simple majority (53) is needed to pass a no-confidence move to remove a chairman or depu

Published 23 Jul, 2019 12:00am

'Will never let you down,' PM assures Pakistanis in US

Hours before his meeting with US President Donald Trump scheduled on Monday at White House, Prime Minister Imran Khan Sunday assured the nation that he would put their case before him and would neither embarrass them nor let them down before any one.

Published 23 Jul, 2019 12:00am

PHC summons ATIR chairman

Peshawar High Court (PHC) has summoned Chairman Appellate Tribunal Inland Revenue (ATIR) Shahid Masood Manzar to appear in person before its division bench on Wednesday (July 24) in a constitutional petition filed for his removal from the office.

Published 23 Jul, 2019 12:00am

'Establishment's handpicked party': PTI rejects Hamid Khan's statement

Pakistan Tehreek-e-Insaf (PTI) Monday rejected the statement of senior party leader Hamid Khan who said the party had become "establishment's handpicked party." President Insaf Lawyers Forum Shahid Naseem Gondal while reacting on Hamid Khan's statement sa

Published 23 Jul, 2019 12:00am

Fake bank accounts case: physical remand of Faryal extended till July 29

The Accountability Court hearing multibillion rupees fake bank accounts case on Monday extended physical remand of Pakistan Peoples Party (PPP) leader Faryal Talpur till July 29. The officials of National Accountability Bureau (NAB) produced Talpur before

Published 23 Jul, 2019 12:00am

Government economic policies threats to national security: Ahsan

Pakistan Muslim League-Nawaz (PML-N) leader Ahsan Iqbal on Monday alleged that Pakistan Tehreek-e-Insaf (PTI) government's failed economic policies have posed 'serious threats' to Pakistan's national security.

Published 23 Jul, 2019 12:00am

In your own backyard

It's not the kind of thing the prime minister expects to happen in his own backyard. That is why he has declared that some bold steps are being taken to end corruption within the country's tax machinery - FBR. According to him, the FBR needs reforms to ov

Published 23 Jul, 2019 12:00am

Exchange

Shadowed by trade war, Malaysia says 2020 fiscal deficit target a 'challenge'

Malaysia will find it challenging to meet its 3% fiscal deficit target for next year due to uncertainties around the US-China trade war, the finance minister told Reuters in an interview on Monday. Southeast Asia's third-largest economy is dealing with a

Published 23 Jul, 2019 12:00am

Exchange

And miles to go...

The terrorist attack in D I Khan on July 21, 2019 reinforces this writer's repeated cautions since the military campaigns against terrorist groups in erstwhile FATA in 2016 that the terrorist hydra has been rocked back, expelled from Pakistani soil (to Af

Published 23 Jul, 2019 12:00am

Exchange

Defective IMF Programme

The IMF Staff Report setting out the details of the IMF Programme have been released recently. This article examines the Programme strategy, proposed reforms, targets, assumptions and projections over the tenure of the Programme from 2019-20 to 2021-22.

Published 23 Jul, 2019 12:00am

Tribal people have been mainstreamed?

The long, time-consuming and at times unsure process to merge the erstwhile Federally Administrated Tribal Areas (FATA) with Khyber Pakhtunkhwa province stands completed. Thousands of tribal men and women went to the polls on Sunday and voted to elect 16

Updated 23 Jul, 2019 07:08am

Exchange

Moderation in C/A deficit

The current account (C/A) deficit of Pakistan during 2018-19, though lower than last fiscal year's, continues to pose a serious challenge to country's economy. According to the latest data released by the State Bank, the C/A deficit of the country narrowe

Updated 23 Jul, 2019 07:08am

Iran says it has arrested CIA spies; UK to unveil response to ship crisis

Iran said on Monday it had captured 17 spies working for the CIA and sentenced some of them to death, an announcement President Donald Trump dismissed as "totally false" amid an escalating international crisis over tankers in the Gulf. The Iranian announc

Published 23 Jul, 2019 12:00am

Iran says it has arrested CIA spies; UK to unveil response to ship crisis

Published 23 Jul, 2019 12:00am

Exchange

Monthly FE returns: SBP effects changes in ITRS

The State Bank of Pakistan (SBP) has made changes in reporting of monthly foreign exchange returns. Data acquisition of Form-E basic information has been streamlined and in order to utilize the information, some changes have been made in existing Internat

Published 23 Jul, 2019 12:00am

Exchange

Monthly FE returns: SBP effects changes in ITRS

Published 23 Jul, 2019 12:00am

Exchange

Monthly FE returns: SBP effects changes in ITRS

Published 23 Jul, 2019 12:00am

SBP establishes branch network database on DAP

In order to streamline reporting of banks'' branch network data, the State Bank of Pakistan (SBP) has established a branch network database on its Data Acquisition Portal (DAP). This database has been developed through information available on branch lice

Published 23 Jul, 2019 12:00am

SBP establishes branch network database on DAP

In order to streamline reporting of banks' branch network data, the State Bank of Pakistan (SBP) has established a branch network database on its Data Acquisition Portal (DAP). This database has been developed through information available on branch licen

Published 23 Jul, 2019 12:00am

SBP establishes branch network database on DAP

Published 23 Jul, 2019 12:00am

76,000 ''non-filers'' identified in Sindh government

Federal Board of Revenue (FBR) has identified as many as 76,000 non-filers including over 800 officers of BS-19 & BS 20 in Sindh government for tax year 2018. According to a letter sent to the Sindh government, Regional Tax Office (RTO) -III, Withholding

Published 23 Jul, 2019 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 21	278.03
USD PKR Interbank Buying / Nov 21	277.78
USD to Japanese Yen / Nov 21	154.92
USD to Swiss Franc / Nov 21	0.88
Pound Sterling to USD / Nov 21	1.26
Euro to USD / Nov 21	1.05

Stock	Volume
S&P 500 / Nov 20	5,917.11
Nasdaq / Nov 20	18,966.14
Dow Jones / Nov 20	43,408.47
India Sensex / Nov 21	77,137.20
Tokyo Nikkei / Nov 21	38,026.17
Hang Seng / Nov 21	19,620.49
FTSE 100 / Nov 21	8,069.57
Germany DAX 30 / Nov 21	18,942.65

Item	Value
Crude Oil USD/Barrel / Nov 21	69.38
Karachi Cotton PKR/37.32 KG / Nov 21	17,785
Gold 10 Grams PKR / Nov 21	238,340
Gold Spot USD/Ounce / Nov 21	2,662.71
Cotton US¢/pound / Nov 21	70.60
Petrol/Litre / Nov 22	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 22 786 Investments Limited(786)	7.11 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 22 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▼ 0.00 (0.00%)
Agro Allianz / Nov 22 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 22 Ali Asghar Textile Mills Limited(AATM)	63.60 ▼ 0.00 (0.00%)
Allied Bank / Nov 22 Allied Bank Limited(ABL)	114.42 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 22 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▼ 0.00 (0.00%)
Abson Ind. / Nov 22 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 22 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 22 786 Investments Limited(786)	7.11 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 22 Al-Abbas Sugar Mills Limited(AABS)	611.40 ▲ 0.00 (0.00%)
Agro Allianz / Nov 22 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 22 Ali Asghar Textile Mills Limited(AATM)	63.60 ▲ 0.00 (0.00%)
Allied Bank / Nov 22 Allied Bank Limited(ABL)	114.42 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 22 Abbott Laboratories (Pakistan) Limited(ABOT)	1,048.22 ▲ 0.00 (0.00%)
Abson Ind. / Nov 22 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 22 Alfalah Consumer Index ETF.(ACIETF)	12.32 ▲ 0.00 (0.00%)

Stock	Volume
K-Electric Ltd. / Nov 22 K-Electric Limited(KEL)	174,389,145 ▲ 0.00
Hascol Petrol / Nov 22 Hascol Petroleum Limited(HASCOL)	63,973,243 ▲ 0.00
Kohinoor Spining / Nov 22 Kohinoor Spinning Mills Limited(KOSM)	62,996,737 ▲ 0.00
Aisha Steel Mill / Nov 22 Aisha Steel Mills Limited(ASL)	48,137,561 ▲ 0.00
Waves Home Appliances / Nov 22 Waves Home Appliances Limited(WAVESAPP)	43,506,391 ▲ 0.00
Lotte Chemical / Nov 22 Lotte Chemical Pakistan Limited(LOTCHEM)	40,852,960 ▲ 0.00
Telecard Limited / Nov 22 Telecard Limited(TELE)	36,937,252 ▲ 0.00
Cnergyico PK / Nov 22 Cnergyico PK Limited(CNERGY)	31,401,025 ▲ 0.00
WorldCall Telecom / Nov 22 Worldcall Telecom Limited(WTL)	31,346,592 ▲ 0.00

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