News Archives for Print - 2019-08-09

Fuad Hashim assumes charge as acting CEO Smeda

A senior officer of BS-20 from Pakistan Administrative Services (PAS) Fuad Hashim Rabbani has assumed the charge as acting Chief Executive Officer of the Small and Medium Enterprises Development Authority (Smeda).

Published 09 Aug, 2019 12:00am

Revenue department has no power to grant 99-year lease: SC

Supreme Court (SC) has ruled that Revenue Department has no power whatsoever to grant lease of 99 years under any law. A three-member bench of SC headed by Justice Gulzar Ahmed and comprising Justice Faisal Arab and Justice Sajjad Ali Shah gave this rulin

Published 09 Aug, 2019 12:00am

Indian movies won't be screened: Firdous

Special Assistant to Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan has said that Indian movie would not be screened in Pakistani cinemas. Talking to media persons outside the Parliament House on Thursday, she said the PTI government

Published 09 Aug, 2019 12:00am

Indian movies won't be screened: Firdous

Special Assistant to Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan has said that Indian movie would not be screened in Pakistani cinemas. Talking to media persons outside the Parliament House on Thursday, she said the PTI government

Published 09 Aug, 2019 12:00am

Miftah Ismail, ex-MD PSO remanded into NAB custody

The Accountability Court Thursday remanded former finance minister Miftah Ismail and former managing director Pakistan States Oil (PSO) Sheikh Imran-ul-Haq into National Accountability Bureau's (NAB) custody for 11 days in the liquefied natural gas (LNG)

Published 09 Aug, 2019 12:00am

Miftah Ismail, ex-MD PSO remanded into NAB custody

The Accountability Court Thursday remanded former finance minister Miftah Ismail and former managing director Pakistan States Oil (PSO) Sheikh Imran-ul-Haq into National Accountability Bureau's (NAB) custody for 11 days in the liquefied natural gas (LNG)

Published 09 Aug, 2019 12:00am

Exchange

Government to retire over $10 billion foreign loans in FY20: NA told

Minister for Economic Affairs Hammad Azhar on Thursday informed the National Assembly that the government would return over $10 billion foreign loans during the current fiscal year. Replying to questions during the question-hour, Hammad Azhar said the inc

Published 09 Aug, 2019 12:00am

Exchange

Government to retire over $10 billion foreign loans in FY20: NA told

Minister for Economic Affairs Hammad Azhar on Thursday informed the National Assembly that the government would return over $10 billion foreign loans during the current fiscal year. Replying to questions during the question-hour, Hammad Azhar said the inc

Published 09 Aug, 2019 12:00am

Exchange

Government to retire over $10 billion foreign loans in FY20: NA told

Minister for Economic Affairs Hammad Azhar on Thursday informed the National Assembly that the government would return over $10 billion foreign loans during the current fiscal year. Replying to questions during the question-hour, Hammad Azhar said the inc

Published 09 Aug, 2019 12:00am

Weather warning issued for Sindh

The Met Office on Thursday issued a weather warning that Sindh is expected to receive widespread rains with wind-thunderstorm from August 9 till the first day of Eidul Azha. It said that deep depression that had started from northwest Bay of Bengal had we

Published 09 Aug, 2019 12:00am

Weather warning issued for Sindh

The Met Office on Thursday issued a weather warning that Sindh is expected to receive widespread rains with wind-thunderstorm from August 9 till the first day of Eidul Azha. It said that deep depression that had started from northwest Bay of Bengal had we

Published 09 Aug, 2019 12:00am

Exchange

Afghan Taliban leader accuses US of creating doubts over pact

The leader of the Taliban said on Thursday the United States had raised a cloud of doubt and uncertainty about an expected deal aimed at allowing it to withdraw its troops from Afghanistan and end its longest war. The message from Mullah Haibatullah Akhun

Published 09 Aug, 2019 12:00am

Exchange

Afghan Taliban leader accuses US of creating doubts over pact

The leader of the Taliban said on Thursday the United States had raised a cloud of doubt and uncertainty about an expected deal aimed at allowing it to withdraw its troops from Afghanistan and end its longest war. The message from Mullah Haibatullah Akhun

Published 09 Aug, 2019 12:00am

P&O cancels Gulf cruises due to tensions

US-owned British company P&O Cruises on Thursday said it was cancelling its programme in the Gulf between October 2019 and March 2020 to guarantee the safety of guests and crew. The move comes amid a spike in tensions in the region. Iran has seized three

Published 09 Aug, 2019 12:00am

P&O cancels Gulf cruises due to tensions

US-owned British company P&O Cruises on Thursday said it was cancelling its programme in the Gulf between October 2019 and March 2020 to guarantee the safety of guests and crew. The move comes amid a spike in tensions in the region. Iran has seized three

Published 09 Aug, 2019 12:00am

P&O cancels Gulf cruises due to tensions

US-owned British company P&O Cruises on Thursday said it was cancelling its programme in the Gulf between October 2019 and March 2020 to guarantee the safety of guests and crew. The move comes amid a spike in tensions in the region. Iran has seized three

Published 09 Aug, 2019 12:00am

P&O cancels Gulf cruises due to tensions

US-owned British company P&O Cruises on Thursday said it was cancelling its programme in the Gulf between October 2019 and March 2020 to guarantee the safety of guests and crew. The move comes amid a spike in tensions in the region. Iran has seized three

Published 09 Aug, 2019 12:00am

UAE pulls WTO trade complaint against Qatar

The United Arab Emirates withdrew on Thursday a complaint it made to the World Trade Organization accusing Qatar of imposing discriminatory trade restrictions on its goods. "Qatar withdrew the measures in question, in order to address the claims" which le

Published 09 Aug, 2019 12:00am

UAE pulls WTO trade complaint against Qatar

The United Arab Emirates withdrew on Thursday a complaint it made to the World Trade Organization accusing Qatar of imposing discriminatory trade restrictions on its goods. "Qatar withdrew the measures in question, in order to address the claims" which le

Published 09 Aug, 2019 12:00am

UAE pulls WTO trade complaint against Qatar

The United Arab Emirates withdrew on Thursday a complaint it made to the World Trade Organization accusing Qatar of imposing discriminatory trade restrictions on its goods. "Qatar withdrew the measures in question, in order to address the claims" which le

Published 09 Aug, 2019 12:00am

NAB's 'highhandedness'

Adviser to the Prime Minister on Industries, Production and Investment Abdul Razzak Dawood in a recent interaction with the media acknowledged that actions of National Accountability Bureau (NAB) are a source of concern to him and that he has conveyed his

Updated 09 Aug, 2019 06:15am

After the portentous move

Pakistan being a party to the Kashmir dispute - as recognised by UN Security Council resolutions - was not going to remain an indifferent bystander as New Delhi revoked Article 370 of its constitution that gave special status to Jammu and Kashmir. While t

Updated 09 Aug, 2019 06:15am

Taxes, prosperity & welfare

Taxation is a lot like sheep shearing. As long as you shear a sheep, it will continue to produce a new crop of wool but you can skin the animal only once. Anonymous

Published 09 Aug, 2019 12:00am

From reformer to hardliner: Putin's 20 years on the global stage

Twenty years ago on Friday, Russian president Boris Yeltsin appointed his fourth prime minister in less than 18 months: Vladimir Putin, then a relatively unknown security services chief with scant experience of politics.

Published 09 Aug, 2019 12:00am

Makkah vendors cash in on Hajj pilgrimage

In the Saudi city of Makkah, dotted with fast food eateries and stalls selling Chinese-made trinkets, vendors are ready to cash in on the annual hajj pilgrimage. "Business is going very well," said Faisal Addais from his stall close to the Grand Mosque -

Published 09 Aug, 2019 12:00am

It never rains but it pours

The Met Office has forecast another monsoon spell which will start today and continue over the next few days. Business Recorder in its yesterday issue has made a very valid question with regard to our ability and capacity to deal with rains. Accord

Published 09 Aug, 2019 12:00am

ECP asks parties to submit statements of accounts by August 29

The Election Commission of Pakistan (ECP) on Thursday asked the political parties to submit their statements of accounts for the financial year 2018-19 latest by this month's 29th which is a mandatory requirement under relevant election laws.

Published 09 Aug, 2019 12:00am

Senate body briefed on status of FGEHF housing scheme

The Senate Standing Committee on Housing & Works was given a briefing on Thursday regarding the status of Federal Government Employees Housing Foundation's (FGEHF) housing scheme in Bhara Kahu and future plan of action of Federal Government Employees Hous

Published 09 Aug, 2019 12:00am

Punjab government's programme selected for global competition

Citizen Feedback Monitoring Programme (CFMP), a flagship programme of the Punjab government and run by Punjab Information Technology Board, has been selected as one of the five winning case studies in the Global Delivery Initiative (GDI) competition organ

Published 09 Aug, 2019 12:00am

Cotton

BMP slams India for revoking Article 370

Businessmen Panel (BMP) Chairman Mian Anjum Nisar has said, "India has once again lost the chance to bring stability, peace and harmony in the region."

Published 09 Aug, 2019 12:00am

Book on Islamic Financial Services: IMSciences wins HEC outstanding research award

Dr Karim Ullah and Dr Wafi Al-Karaghouli, who are professors at CEIF IMSciences, Peshawar and Brunel University, London respectively, have won the HEC outstanding research award for publishing a globally impact book on Understanding Islamic Financial Serv

Published 09 Aug, 2019 12:00am

Harsh budgetary steps not part of bailout package: Sanchez

Resident Representative, the International Monetary Fund (IMF), Pakistan Office, Maria Teresa Daban Sanchez has said that the harsh budgetary measures taken by Pakistan government for fiscal year 2019-20 are not part of the IMF fresh financial bailout pac

Published 09 Aug, 2019 12:00am

Fake accounts case: AC extends Zardari's physical remand till August 16

The Accountability Court hearing multibillion rupees fake bank accounts case on Thursday extended physical remand of former president Asif Ali Zardari for eight days while remand of Pakistan Peoples Party (PPP) leader Faryal Talpur was extended for one da

Published 09 Aug, 2019 12:00am

ECP unlikely to remove Maryam from PML-N's VP position

The Election Commission of Pakistan (ECP) is unlikely to disqualify Maryam Nawaz from the vice presidency of Pakistan Muslim League-Nawaz (PML-N) in its upcoming verdict on a petition moved by the ruling party Pakistan Tehreek-e-Insaf (PTI) lawmakers, it

Published 09 Aug, 2019 12:00am

Bilawal lashes out at PTI government for nabbing Maryam

Chairman Pakistan Peoples Party Bilawal Bhutto Zardari Thursday came down hard on the government for arresting Maryam Nawaz Sharif, the daughter of former prime minister Nawaz Sharif, who was taken into custody by the National Accountability Bureau in con

Published 09 Aug, 2019 12:00am

Previous recommendations: NA body seeks report on implementation status

The National Assembly Standing Committee on Human Rights has sought the report on implementation status of the recommendations made by the committee in the previous meetings. The committee meeting was held here with MNA Bilawal Bhutto-Zardari in the chair

Published 09 Aug, 2019 12:00am

PTI, PML-N members trade barbs against each other

The members of Pakistan Tehreek-e-Insaf (PTI) and Pakistan Muslim League-Nawaz (PML-N) Thursday raised slogans against each other in front of the Parliament House. When Federal Minister for Communication Murad Saeed, Federal Minister for Parliamentary Aff

Published 09 Aug, 2019 12:00am

Maleeha seeks UN chief's role in IHK's crisis

Permanent Representative of Pakistan to United Nations Ambassador Maleeha Lodhi on has asked UN Secretary General Antonio Guterres to play his due role in the crisis sparked by India's unlawful action in occupied Jammu and Kashmir. Following a meeting wit

Published 09 Aug, 2019 12:00am

Sukhera's removal: IHC extends stay order against government's notification

The Islamabad High Court (IHC) Thursday extended stay order against the federal government's notification regarding removal of Mushtaq Ahmad Sukhera as Federal Tax Ombudsman (FTO) until Friday (today). A single bench of IHC comprising Chief Justice Athar

Published 09 Aug, 2019 12:00am

SFAB okays summary for Rs 200 million funding to finance department

Sindh Food Authority Board (SFAB) has approved a summary of funding amounting Rs 200 million grant in aid to finance department as it was facing acute shortage of funds which was affecting the operations of authority.

Published 09 Aug, 2019 12:00am

Comrade Taj Abro remembered for writings, social services

Speakers paid glowing tributes to the late comrade Taj Mohammad Abro for his unwavering services in the field of literature, justice, social services and welfare of the downtrodden/oppressed people of Sindh. They said it an event held on Thursday to mark

Published 09 Aug, 2019 12:00am

PALS Rescue saves 176 from drowning during monsoon season

Pakistan Life Saving Foundation (PALS Rescue), the country's only privately run, near-shore drowning prevention and rescue body, has so far saved 176 people from drowning this monsoon season, thus preventing immeasurable tragedies from occurring for sever

Published 09 Aug, 2019 12:00am

Bid to smuggle narcotics to Doha foiled

Model Customs Collectorate (MCC), Preventive on Thursday foiled an attempt to smuggle huge quantity of narcotics to Doha, Qatar. According to details, the staff of customs department posted at international departure, Jinnah International Airport (JIAP),

Published 09 Aug, 2019 12:00am

IFC, CERB enter into second partnership

The International Finance Corporation (IFC) and the Pakistan Business Council's Centre of Excellence in Responsible Business (CERB) have entered into a second partnership with IFC on promoting gender diversity in Pakistan.

Published 09 Aug, 2019 12:00am

Eid holidays for Sindh announced

Sindh government on Thursday announced four public holidays on account of Eid-ul-Azha 2019, said a notification issued here. The notification issued here on Thursday says "Sindh government has been pleased to declare 12th to 15th August, 2019 (Monday, Tue

Published 09 Aug, 2019 12:00am

Delta appoints ATA to strengthen airline's sales, marketing

Delta Air Lines has appointed Air Transport Activities (ATA) (Pvt) Ltd, which is a part of the Avari Group as its general sales agent (GSA) to strengthen the airline's sales and marketing in Pakistan. According to details, as part of the new agreement, Ai

Published 09 Aug, 2019 12:00am

PTI MPAs hopeful of Faryal's disqualification

Members of Provincial Assembly of Sindh belonging to Pakistan Tehreek-e-Insaf (PTI) Arsalan Taj Ghuman and Rabia Azfar have expected that the Election Commission of Pakistan would soon disqualify PPP MPA Faryal Talpur for hiding its assets.

Published 09 Aug, 2019 12:00am

Information department's performance not up to mark: Saeed Ghani

Sindh Minister for Information & Archives and Labour Saeed Ghani Thursday said the performance of Regional Directorates of the Information Department was not up to the mark when it came to highlighting the soft image or the performance of the Sindh govern

Published 09 Aug, 2019 12:00am

Sindh government to allow driving licence to hearing-impaired people

Sindh department of Empowerment of Persons with Disabilities is taking steps to issue driving license to the hearing-impaired people in order to make them more independent. This was stated by Syed Qasim Naveed Qamar, special assistant to the CM Sindh on t

Published 09 Aug, 2019 12:00am

Commercial use of GM seeds to be approved after assessing risk

Ministry of National Food Security Thursday informed a parliamentary panel that the Ministry of Health intends to undertake detailed risk assessment before giving final approval for commercial use of Genetically Modified (GM) seeds in the country. The iss

Published 09 Aug, 2019 12:00am

Cotton

Research, innovation & publications: HEC's awards for 52 outstanding scholars

The Higher Education Commission (HEC) has awarded 52 Pakistani researchers and scholars for their outstanding works in spheres of research, innovation and publication during the ceremony of 7th HEC Outstanding Research Awards here on Thursday. Chairman HE

Published 09 Aug, 2019 12:00am

TechAccess Pakistan bags ACS award

TechAccess Pakistan (TAP), a regional system integrator and a secure cloud enabler, received the Advanced Customer Services (ACS) ASEAN Best Partner Award by Oracle for the year 2019, during a ceremony held here on Thursday.

Published 09 Aug, 2019 12:00am

Telenor Pakistan, partners gear up to make 5G network ready

Telenor Pakistan and its network partners have geared up to make the network 5G ready to pass on benefits of this transformative technology to the people of Pakistan in the coming years. The 5G is the fifth-generation cellular network technology that offe

Published 09 Aug, 2019 12:00am

IoK crisis: Council of Pakistan urges US to facilitate direct dialogue

The Council of Pakistan has denounces Indian government's decision to strip Indian occupied Kashmir of its status. The Council also urged The US to facilitate direct dialogue between Pakistan and India on Kashmir issue. The Council on Thursday asked the U

Published 09 Aug, 2019 12:00am

FBR to process refund claims through 3 channels on RMS basis

The Federal Board of Revenue (FBR) will process refund claims through three channels on the basis of Risk management system (RMS) of FBR's Computerized System to divide claimants in three different categories for speedy refund payments. The three refund p

Published 09 Aug, 2019 12:00am

Partly Facetious: ANJUM IBRAHIM

"We tend to refer to our experiences that maybe dated to argue in favour of something."

Published 09 Aug, 2019 12:00am

NAB official vows to curb menace of corruption

National Accountability Bureau (NAB) Director Syed Mohammad Hasnain Ahmed Shah has said that NAB is vigorously pursuing to curb the menace of corruption from the society and for the first time in the country's history, influential personalities are being

Published 09 Aug, 2019 12:00am

Russian envoy for exploiting huge untapped potential

The Russian and Pakistani businessmen should exploit the huge untapped potential through strong B2B contacts and joint ventures. Trade Representative of Russian Embassy Yury Kozlov stated this while talking to Vice President of the Lahore Chamber of Comme

Published 09 Aug, 2019 12:00am

FIEDMC chief hails decision of suspending trade with India

Business community on Thursday welcoming the government's decision to downgrade diplomatic relations, expelling the Indian High Commissioner and suspending bilateral trade with India in the wake of New Delhi's move of revoking special status for Jammu and

Published 09 Aug, 2019 12:00am

'Chinese water purification system can reduce waterborne diseases'

Chinese model of water purification system can reduce possibility of waterborne diseases, which are troubling Pakistan's economy up to $1.3 million every year and are the biggest source of gastrointestinal infections.

Published 09 Aug, 2019 12:00am

Raja Basharat to head 'Punjab Benami Committee'

The Punjab Chief Minister Sardar Usman Buzdar has nominated provincial Law Minister Raja Basharat as head of Punjab Benami Committee. As per notification, provincial finance minister will be the deputy head of the committee while chief secretary, ACS, SMB

Published 09 Aug, 2019 12:00am

Fuad Hashim assumes charge as acting CEO Smeda

A senior officer of BS-20 from Pakistan Administrative Services (PAS) Fuad Hashim Rabbani has assumed the charge as acting Chief Executive Officer of the Small and Medium Enterprises Development Authority (Smeda).

Published 09 Aug, 2019 12:00am

Government aware of businessmen's problems: Sarwar

Punjab Governor Chaudhry Muhammad Sarwar has said the government is aware of the problems being faced by the trade and industrial sectors and undertaking every possible step to provide a level-playing field to the business community.

Published 09 Aug, 2019 12:00am

'Punjab Spatial Strategy' for sustainable development launched

The Urban Unit in collaboration with the Planning & Development Department has launched the Punjab Spatial Strategy - Business Plan of Punjab. The launching ceremony was held under the chair of Punjab Finance Minister Hashim Jawan Bakht on Thursday here a

Published 09 Aug, 2019 12:00am

Make Pakistan green by planting trees: CM

Punjab Chief Minister Sardar Usman Buzdar on Thursday planted a sapling in Changa Manga under monsoon plantation drive. Some 500 students also planted different trees in the forest park.

Published 09 Aug, 2019 12:00am

Crackdown on drug peddlers in the offing in Punjab

The Punjab police with the assistance of the Anti-Narcotics Force (ANF) have decided in principle to launch an aggressive crackdown against drug peddlers across Punjab besides developing an information sharing mechanism for hunting down such elements.

Published 09 Aug, 2019 12:00am

Punjab to regularise illegal housing societies

The Punjab government has started preparing a plan for regularization of illegal housing societies in the province. In this connection, Punjab Chief Secretary Yousaf Naseem Khokhar chaired a meeting of Punjab Housing and Urban Development Department here

Published 09 Aug, 2019 12:00am

Partly Facetious: Khanzadehs simply cannot understand analogies

"We tend to refer to our experiences that maybe dated to argue in favour of something."

Published 09 Aug, 2019 12:00am

NAB official vows to curb menace of corruption

National Accountability Bureau (NAB) Director Syed Mohammad Hasnain Ahmed Shah has said that NAB is vigorously pursuing to curb the menace of corruption from the society and for the first time in the country's history, influential personalities are being

Published 09 Aug, 2019 12:00am

Exchange

Sugar sector: MNAs can raise issue through point of order: Umer

Chairman National Assembly Standing Committee on Finance Asad Umer said on Thursday that the government has taken the initiative of taking up competition related issues of sugar sector after a long gap of 9-10 years. During the meeting of National Assembl

Published 09 Aug, 2019 12:00am

Exchange

SBP imposes Rs 184 million penalties on four banks

The State Bank of Pakistan (SBP) has imposed over Rs 184 million penalties on four banks in July 2019 for non-compliance of legal or regulatory requirements. The SBP takes supervisory enforcement actions against those institutions that fail to comply with

Published 09 Aug, 2019 12:00am

Raja Basharat to head 'Punjab Benami Committee'

The Punjab Chief Minister Sardar Usman Buzdar has nominated provincial Law Minister Raja Basharat as head of Punjab Benami Committee. As per notification, provincial finance minister will be the deputy head of the committee while chief secretary, ACS, SMB

Published 09 Aug, 2019 12:00am

Zardari condemns arrest of Maryam

Former president Asif Ali Zardari Thursday condemned Maryam Nawaz's arrest by the National Accountability Bureau (NAB). Talking to the media in the lobby of the Parliament House, he said that things will worsen owing to such moves as any female can now be

Published 09 Aug, 2019 12:00am

Exchange

Reserves decline

The country's total liquid foreign exchange reserves slightly declined by $41 million to stood at $15.02 billion end of the last week. During the week ending August 02, 2019, the State Bank of Pakistan's (SBP) foreign exchange reserves decreased by $38 mi

Published 09 Aug, 2019 12:00am

Exchange

S&P erases big losses to end up; Disney drops

The S&P 500 recovered from steep early losses to end slightly higher on Wednesday as investors snapped up oversold shares and bond yields rebounded from significant lows that raised fears about a recession.

Published 09 Aug, 2019 12:00am

Afghan women's soccer officials slam FIFA over abuse probe

A "culture of abuse" still thrives in Afghanistan women's football because of the way FIFA is handling allegations of sexual misconduct, top officials for the national women's team said Thursday. In June, FIFA banned Afghanistan Football Federation's form

Published 09 Aug, 2019 12:00am

Cricket Australia sets testosterone limit for transgender players

Cricket Australia unveiled new guidelines Thursday to ensure transgender players can take part in the game at the highest levels. The policy sets out a testosterone limit for transgender and gender-diverse players who want to play for state and national w

Published 09 Aug, 2019 12:00am

Hashim Amla retires from all formats cricket

Hashim Amla, the only South African to score a triple Test match century, on Thursday announced his retirement from international cricket, just days after fast bowler Dale Steyn said he was quitting Tests. Amla, 36, said he was retiring from all internati

Published 09 Aug, 2019 12:00am

Security review: Sri Lankan cricket delegation visits PSCA

A high-level security delegation of the Sri-Lankan Cricket Board visited the Punjab Safe Cities Authority (PSCA) Headquarters on Thursday to assess security arrangements. PSCA Managing Director Ali Amir Malik, Chief Operating Officer Akber Nasir Khan and

Published 09 Aug, 2019 12:00am

Sindh Bar Council to hold T20 tournament

Sindh Bar Council has planned a T20 cricket tournament to be played from August 25 at Karachi, Hyderabad and Mirpurkhas. This was stated Muhammad Azam Khan, Chairman Executive Committee of Sindh Bar Council and Musharraf Azhar advocate, the organizer of t

Published 09 Aug, 2019 12:00am

Pliskova reaches Toronto quarters

Karolina Pliskova kept the pressure on Naomi Osaka in the battle to take the world number one ranking by reaching the quarter-finals of the WTA tournament in Toronto on Thursday. The Czech third seed saw off Estonia's Anett Kontaveit 6-3, 7-5 to set up a

Published 09 Aug, 2019 12:00am

Hafeez, Shoaib out as central contracts for 19 players announced

The Pakistan Cricket Board (PCB) Thursday announced list of central contracts for the 2019-20 season during which the men's cricket team will play six World Test Championship Tests, three ODIs and nine T20Is. The list has been trimmed from 33 to 19 and th

Published 09 Aug, 2019 12:00am

Pakistan squad for ACC U-19 Asia Cup announced

The Pakistan Cricket Board (PCB) has announced a 15-member line-up for the ACC Under-19 Asia Cup, which will run from September 5 to 14 in Sri Lanka. The other seven teams participating in the tournament are the hosts Sri Lanka, India, Bangladesh, Afghani

Published 09 Aug, 2019 12:00am

BARD-sponsored swimmer shows promise at World Championships

Bilquis and Abdul Razak Dawood Foundation (BARD) supported swimmer Mishael Ayub was selected by the Pakistan Swimming Federation (PSF), to compete at the 18th FINA World Aquatics Championships held recently in Gwangju. Swimming at a major FINA event is a

Published 09 Aug, 2019 12:00am

Bangladesh to host Zimbabwe despite ICC ban

Bangladesh will host Zimbabwe for a tri-nations Twenty20 tournament in September despite the African nation being suspended by the game's world body, an official of the Bangladesh Cricket Board said Thursday. The International Cricket Council (ICC) suspen

Published 09 Aug, 2019 12:00am

FTSE jumps amid soothing China nerves, Hargreaves lead

Mining stocks thrust London's main index higher on Thursday after a round of Chinese data dissipated some global growth fears and nickel prices hit a 16-month high amid supply worries, while Hargreaves Lansdown advanced after strong annual results.

Published 09 Aug, 2019 12:00am

Southeast Asian stocks: Indonesia extends gains, Singapore down

Indonesian shares rose over 1% on Thursday, extending gains into the second session after dovish comments from a top central bank official boosted investor sentiment, while Singapore stocks closed lower for a sixth session in seven on industrials.

Published 09 Aug, 2019 12:00am

Indian shares jump most in 11 weeks

Indian shares rallied in late trading on Thursday and posted their biggest gain in 11 weeks, after reports that the government was planning sops for investors, including a withdrawal of the surcharge on foreign portfolio investors (FPIs) and a re-look at

Published 09 Aug, 2019 12:00am

Currency

China respite spurs strong bounce in European shares

European shares had their best day in almost two months on Thursday as upbeat trade data from China and a steadying of its currency helped to calm some fears of recession and a further escalation in Sino-US trade tensions.

Published 09 Aug, 2019 12:00am

Exchange

China stocks halt week-long losses

Shares in China ended six straight sessions of losses on Thursday as the yuan staged a small recovery, which calmed fears in global markets of a full-blown Sino-US currency war. At the close, the Shanghai Composite index was up 0.9% at 2,794.55, while the

Published 09 Aug, 2019 12:00am

Australian shares climb

Australian shares rose on Thursday, helped by mining stocks and surprisingly solid July trade numbers out of top trading partner China. The S&P/ASX 200 index ended 48.6 points, or 0.8% higher, at 6,568.1. The index advanced 0.6% on Wednesday China's July

Published 09 Aug, 2019 12:00am

Treasury 30-year yields near record lows

US Treasury yields tumbled on Wednesday, with 30-year yields approaching record lows, on growing fears over a global economic downturn and bets the Federal Reserve would have to pick up its pace of interest rate cuts to counter recession risks.

Published 09 Aug, 2019 12:00am

Treasury 30-year yields near record lows

US Treasury yields tumbled on Wednesday, with 30-year yields approaching record lows, on growing fears over a global economic downturn and bets the Federal Reserve would have to pick up its pace of interest rate cuts to counter recession risks.

Published 09 Aug, 2019 12:00am

Venezuela inflation rate ticks up

Venezuela's monthly inflation rate ticked up in July after two straight months of declines, the opposition-held congress said on Thursday, despite tight reserve requirements that economists say are exacerbating an economic collapse.

Published 09 Aug, 2019 12:00am

Currency

China's exports unexpectedly rise in July

China's exports beat expectations to rise in July while its purchases continued to shrink, official data showed Thursday, despite simmering US trade tensions.

Published 09 Aug, 2019 12:00am

Philippine growth slows to four-year low

Philippine economic growth slowed to 5.5 percent in the three months to June, its slowest pace in more than four years, as trade wars took their toll, the government said Thursday.

Published 09 Aug, 2019 12:00am

Currency

Beijing calls US ban on Chinese firms 'abuse of state power'

Beijing on Thursday said US rules banning technology giant Huawei and other Chinese firms from government contracts amounted to "abuse of state power" amid an escalating China-US trade war.

Published 09 Aug, 2019 12:00am

US slaps duties on $4.4 billion in imported Chinese cabinets

The United States hit China with new import duties Thursday on more than $4 billion in imported wooden cabinets and vanities, after finding manufacturers there benefit from unfair subsidies.

Published 09 Aug, 2019 12:00am

Message from Chief Minister Punjab

Government of Punjab envisions that Punjab will play a key role in equitable and sustainable development of Pakistan, the vision of Naya Pakistan hinges upon principles of justice and equity. The youth bulge of Punjab also needs more opportunities and ave

Published 09 Aug, 2019 12:00am

Message from Advisor to Chief Minister on Economic Affairs, Planning & Development

Pakistan with its large young population, rapid urbanization rates, the Indus river system, natural resources and its emerging role as a unique economic corridor (CPEC) has an amazing opportunity to become a major prosperous participant in global supply c

Published 09 Aug, 2019 12:00am

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

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

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

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

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

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

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