News Archives for Print - 2019-08-25

Currency

Canadian dollar steadies

The Canadian dollar was little changed against its US counterpart on Friday as this week's stronger-than-expected domestic data was offset by reduced investor appetite for risk. US stocks plunged in a broad sell-off as China and the United States traded t

Published 25 Aug, 2019 12:00am

Speculators cut net long dollar bets to lowest in more than a year

Speculators' net long dollar position fell to its lowest in more than a year, according to calculations by Reuters and US Commodity Futures Trading Commission data released on Friday. The value of the net long dollar position was $13.327 billion in the we

Published 25 Aug, 2019 12:00am

Currency

Malaysia's olive branch to foreign investors might not be enough

Malaysia's move to free up trading in its currency is a compromise between appeasing foreign investors and curbing hot money flows, but the changes might not be enough to immediately woo back players who had ditched the ringgit in recent years.

Published 25 Aug, 2019 12:00am

Dollar skids on heightened US-China trade tension

The dollar stumbled on Friday after President Donald Trump ordered US companies to start looking for an alternative to China as Beijing imposed more tariffs on American goods, further exacerbating a prolonged trade war between the world's two largest econ

Published 25 Aug, 2019 12:00am

Exchange

Tanzania says South Africa impounds Airbus plane

South African authorities have impounded an Airbus 220-300 aircraft leased by Tanzania's national flag carrier, the Tanzanian government said. The plane had been scheduled to fly from the Oliver Tambo International Airport in Johannesburg, South Africa, t

Published 25 Aug, 2019 12:00am

Zimbabwe union rejects government pay deal as anger over economy grows

The main Zimbabwe public sector union on Saturday rejected a pay offer from the government, which is trying to avert threats of strike action amid growing anger over the country's ailing economy. The Apex Council, which represents most of the country's pu

Published 25 Aug, 2019 12:00am

Gamers take aim at Trump's criticism of virtual violence

Gamers at the industry's biggest fair in Europe have taken aim at US President Donald Trump's assertions that violence in video games was partly to blame for recent mass shootings. Experts and fans alike at the Gamescom trade fair in the German city of Co

Published 25 Aug, 2019 12:00am

Exchange

Lower Lebanon credit rating shows need for reform: analysts

Analysts warned Saturday that Lebanon needs to accelerate reforms to revive its floundering economy, a day after an agency downgraded the Mediterranean country's credit rating. On Friday, Fitch bumped Lebanon down to "CCC" while Standard & Poor's kept it

Published 25 Aug, 2019 12:00am

Exchange

Lower Lebanon credit rating shows need for reform: analysts

Analysts warned Saturday that Lebanon needs to accelerate reforms to revive its floundering economy, a day after an agency downgraded the Mediterranean country's credit rating. On Friday, Fitch bumped Lebanon down to "CCC" while Standard & Poor's kept it

Published 25 Aug, 2019 12:00am

ECB's Weidmann sees no need for economic stimulus

Germany's economy has weakened but it is too early for major economic stimulus from the government or the European Central Bank, Bundesbank President and ECB policymaker Jens Weidmann was quoted as saying on Saturday. In his first major interview since be

Published 25 Aug, 2019 12:00am

Regime forces mass in northwest Syria

Regime forces massed on Saturday in northwest Syria, a monitor said, in an apparent bid to press an offensive against jihadists and allied rebels that has heightened tensions with neighbouring Turkey. After eight years of civil war, the jihadist-run regio

Published 25 Aug, 2019 12:00am

Thousands march against racism in Dresden

Around 35,000 people marched against hate and racism in the eastern German of city Dresden on Saturday, organisers said, a week before state elections when far-right party AfD is projected to make huge gains. Under the banner "indivisible", a broad coalit

Published 25 Aug, 2019 12:00am

Docking aborted for Russia's first humanoid robot in space

An unmanned spacecraft carrying Russia's first humanoid robot to be sent into orbit failed to dock at the International Space Station on Saturday, in a new setback for Moscow. "Russian cosmonauts issued a command to abort the automated approach of an uncr

Published 25 Aug, 2019 12:00am

Hundreds of new fires in Brazil

Hundreds of new fires are raging in the Amazon rainforest in Brazil, official data showed Saturday, as thousands of troops were made available to help fight the worst blazes in years following a global outcry. Multiple fires billowing huge plumes of smoke

Published 25 Aug, 2019 12:00am

North Korea fires 'short-range ballistic missiles'

North Korea Saturday fired what appeared to be two short-range ballistic missiles into the sea after vowing to remain the biggest "threat" to the United States and branding Secretary of State Mike Pompeo as "toxin." It was the latest in a series of short-

Published 25 Aug, 2019 12:00am

Prince Andrew denies witnessing Epstein abuse

Britain's Prince Andrew insisted on Saturday that "at no stage" during his friendship with convicted paedophile Jeffrey Epstein did he "witness... any behaviour of the sort that subsequently led to his arrest". The prince, Queen Elizabeth II's second son,

Published 25 Aug, 2019 12:00am

Yemen government takes control of city

Yemeni government troops took control Saturday of the city of Ataq, two days after deadly clashes between loyalists and southern separatists in the capital of Shabwa province, a pro-government source said. Fighting between the troops and forces linked to

Published 25 Aug, 2019 12:00am

Britain sends another warship to Gulf

A third British warship is heading to the Gulf, the Royal Navy announced Saturday, amid heightened tensions in the region. Britain has already sent the HMS Kent to cover for frigate HMS Montrose while it undergoes maintenance in nearby Bahrain, and is now

Published 25 Aug, 2019 12:00am

Safdar gets pre-arrest bail

A sessions court on Saturday granted pre-arrest bail to Captain Muhammad Safdar (Retd) in case of hurling threats to policemen during a court appearance of his wife Maryium Nawaz. Additional District & Sessions Judge Azeem Sheikh allowed the bail to Safda

Published 25 Aug, 2019 12:00am

International carpet expo to attract foreign buyers, investments

Over 100 foreign buyers from different countries have expressed their interest to participate in the upcoming international carpet exhibition being held at the Lahore International Exp Centre.

Published 25 Aug, 2019 12:00am

Entry of 57 firebrand speakers banned

Deputy Commissioner Sardar Saifullah Dogar has banned the entry of 57 firebrand speakers in the jurisdiction of Faisalabad district with immediate effect and this order would be remained enforce for 65 days.

Published 25 Aug, 2019 12:00am

Speakers for unity among all religious sects

Religious leaders and scholars at an "Istekaam-e-Pakistan" conference have stressed the need for forging unity and solidarity among all religious sects to foil evil designs of anti-state elements and to make the Pakistan a progressive, stable and sustaina

Published 25 Aug, 2019 12:00am

No amount of oppression can suppress resentment of Kashmiris: President

President Dr Arif Alvi says no amount of oppression and brutality can suppress the resentment of Kashmiri people against India, who want freedom at all costs. The President expressed these views on twitter in his comments on a video showing thousands of K

Published 25 Aug, 2019 12:00am

WHO's efforts to use assistive technology will bear fruit: Samina Alvi

Pakistan's First Lady Samina Alvi who was invited by the World Health Organisation (WHO) as the chief guest of international consultation on 'Global Report on Effective Access to Assistive Technologies', has expressed the hope that the ongoing efforts of

Published 25 Aug, 2019 12:00am

IPR's role in protecting consumer rights Highlighted

Director General Intellectual Property Rights (IPR) Enforcement Dr Arslan Subctageen has highlighted the important role of Intellectual Property Rights in safeguarding and protecting consumer rights by timely intercepting counterfeit goods at the ports an

Published 25 Aug, 2019 12:00am

Four killed in firing over minor dispute

Four persons including two brothers and a woman were killed in firing incident over a minor dispute in Regi, a suburban locality of the city here on Saturday. The incident took place at the house of a person identified as Ashraf Gul. Two brothers namely A

Published 25 Aug, 2019 12:00am

CPNE praises KP government's decision

The Council of Pakistan Newspaper Editors (CPNE) has welcomed the decision of Khyber Pakhtunkhwa Chief Minister Mahmood Khan and Provincial Information Minister Shaukat Yousafzai to order the Information and PRs department to carry out necessary amendment

Published 25 Aug, 2019 12:00am

PM to highlight Indian atrocities in IOK at UNGA: minister

The federal minister for aviation Ghulam Sarwar Khan on Saturday said that Prime Minister Imran Khan would draw the attention of international community towards Indian atrocities in Indian occupied Kashmir (IOK) during his visit to United Nations General

Published 25 Aug, 2019 12:00am

PTI borrows loans more than previous governments: Dar

The Pakistan Muslim League-N leader and former Finance Minister Ishaq Dar has said that the incumbent PTI government has borrowed loans more than all the previous governments, adding during the present government one year the internal and external loans m

Published 25 Aug, 2019 12:00am

Pakistan, Kashmiri journalists walk towards LoC

Journalists from all over Pakistan and Azad Kashmir have started a protest march towards the Line of Control to condemn the ban on freedom of expression by Indian authorities in occupied Kashmir and express solidarity with the stranded Kashmiri people in

Published 25 Aug, 2019 12:00am

Two killed in attack on DI Khan's security check post

At least two people were killed as unidentified gunmen opened fire on a security check post in Daraznida Moore, DI Khan. According to details, the police met an encounter with the armed men in the area, which resulted in death of two persons and bullet in

Published 25 Aug, 2019 12:00am

ANP serves show-cause notices on three senior leaders

Awami National Party (ANP) has issued show-cause notices to its three senior leaders from the newly merged districts (NMDs) of the erstwhile FATA on violation of party discipline in July 20, 2019 bye-polls. The senior leaders, who have been issued show-ca

Published 25 Aug, 2019 12:00am

US-Taliban deal in sight

United States and Afghan Taliban have reportedly almost reached a peace deal to be announced in the coming few days, but the road ahead is 'bumpy' with numerous challenges needing to be addressed. The breakthrough came during the ongoing 9th round of peac

Published 25 Aug, 2019 12:00am

Prices of essential food items witness upward trend

Prices of essential kitchen items, especially perishable items, have witnessed an increase during this week past as compared to previous week, a survey conducted by Business Recorder revealed here on Saturday. The survey observed that onion price w

Published 25 Aug, 2019 12:00am

Buzdar inaugurates 'Sehat Insaf Card Scheme'

Inaugurating 'Sehat Insaf Card Scheme' for Pakpattan, Okara and Sahiwal on Saturday, Punjab chief minister Sardar Usman Buzdar said the holders of the card would get free of cost treatment facility from the private hospitals in a dignified manner. He said

Published 25 Aug, 2019 12:00am

Deteriorating situations in IHK: Government, international community urged to take alert of Genocide Watch seriously

Jamaat-e-Islami provincial ameer and Senator Mushtaq Ahmad Khan on Saturday called upon the government and world community to take alert of Genocide Watch seriously over deteriorating situations in India Held Kashmir. Senator Mushtaq Ahmad said the Genoci

Published 25 Aug, 2019 12:00am

Opposition may move SC against appointment of ECP members

After the failure of the parliamentary committee to reach a consensus over the appointment of two members of the Election Commission of Pakistan (ECP), the opposition parties can approach the Supreme Court against the government's decision to unilaterally

Published 25 Aug, 2019 12:00am

'Kartarpur Corridor's 80 percent work completed: Sarwar

Governor Punjab Chaudhry Muhammad Sarwar on Saturday gave a loud and clear message to the international community as well as Sikh community around the globe that the Kartarpur Corridor Project would be opened for the Sikh community. "Around 80 percent of

Published 25 Aug, 2019 12:00am

Indian soldier commits suicide in IHK

Another day, another suicide in the Indian Armed Forces, law enforcer stationed in the land-locked illegally occupied land of Kashmir, a CRFP commandant decided to end his own life, giving in to the perils of affliction on innocents. Indian occupied Kashm

Published 25 Aug, 2019 12:00am

Low level of floods recorded in River Indus at Guddu & Sukkur

Low flood level has been recorded in the River Indus at Guddu and Sukkur and the River Sutlej at Ganda Singh Wala and Sulemanki, while dry weather is expected over most parts of the country in next 48 hours, according to weather forecast released on Satur

Published 25 Aug, 2019 12:00am

Four held, two Kalashnikovs seized in search operations

The city police have started search and combing operations, and enhanced vigilance and patrolling in various areas of the city in order to strengthen security in the capital before the upcoming Muharram-ul-Haram. A senior official of the police said that

Published 25 Aug, 2019 12:00am

Carjacking and kidnapping cases on the rise in Capital

The incidents of various kinds of theft, kidnapping, carjacking and murder increased during the last week in the heavily guarded federal capital. According to data gathered by Business Recorder, over eight cases of theft including house robbery and snatch

Published 25 Aug, 2019 12:00am

Pakistan to raise Kashmir issue on all forums: NA speaker

PESHAWAR; Speaker, National Assembly Asad Qaiser has said that Pakistan will raise voice for Kashmir on all forums including diplomatic and political platforms adding that Narindara Modi has not abolished the Article 370 of the Indian Constitution to abol

Published 25 Aug, 2019 12:00am

Prices of essential food items witness upward trend

Prices of essential kitchen items, especially perishable items, have witnessed an increase during this week past as compared to previous week, a survey conducted by Business Recorder revealed here on Saturday.

Published 25 Aug, 2019 12:00am

Why FBR bent upon squeezing taxpayers of Karachi only, asks Makda

Karachi Chamber of Commerce & Industry (KCCI) president Junaid Esmail Makda, while appreciating the good intent of Prime Minister Imran Khan to improve the revenue collection, was, however, skeptical as the Federal Board of Revenue (FBR) has kept its reve

Published 25 Aug, 2019 12:00am

UK's IPC assures support to Pakistan on Kashmir issue

International Professional Council UK has announced full support to government of Pakistan on Kashmir issue. While, addressing a press conference at Karachi Press Club on Saturday, Amjad Ali Syed Chairman International Professional Council UK (IPC) along

Published 25 Aug, 2019 12:00am

Sindh cabinet approves Women Agriculture Act 2019

Aimed at empowering the women of rural Sindh, the Sindh cabinet has approved Sindh Women Agriculture Act 2019, Sindh Minister for Information, Archives and Labour, Saeed Ghani told while addressing a post cabinet meeting press conference on Saturday.

Published 25 Aug, 2019 12:00am

Exchange

Modi government sets worst example of tyranny in IOK: Bilawal

Pakistan Peoples Party (PPP) chairman Bilawal Bhutto on Saturday said that Modi government has set worst example of tyranny by killing innocent civilians along LoC and launching a historic attack on the occupied Kashmir. Addressing a rally in Gilgit-Balti

Published 25 Aug, 2019 12:00am

NKATI executive committee members elected unopposed

All seven candidates have been elected unopposed as members of executive committee of North Karachi Association of Trade & Industry (NKATI) for the year 2019-21. Election Commission received seven nominations against 7 vacant seats and all of them were de

Published 25 Aug, 2019 12:00am

Cotton

Hot & humid weather likely across country

Farmers should drain out accumulated rainwater from their cotton and vegetable crops fields following the recent monsoon spell, the Met Office has said. Peanut growers of the Potohar region should also step up to remove weeds from the standing crop. "Due

Published 25 Aug, 2019 12:00am

Sindh government vows to support forthcoming international wind energy moot

The Sindh government has decided to fully endorse and support the upcoming 4th International Wind Energy conference to be held on August 30 as a way to promote usage of different resources of alternative energy in the province. The decision to this effect

Published 25 Aug, 2019 12:00am

Imran reviews progress on setting up university at PM House

Prime Minister Imran Khan Saturday chaired a meeting to review progress on establishment of state-of-the-art University of Engineering and Emerging Technologies in Prime Minister's House. Matters regarding establishment of National Centres of Research, In

Published 25 Aug, 2019 12:00am

FENTA to be held at Karachi in October

Pakistan Business Forum to organise third Family Expo and National Talent Award (FENTA) on 26th and 27th October 2019 at Karachi Expo Centre. Addressing a press conference at Karachi Press Club on Saturday, Irfan Allahwala, General Secretary, and Syed Sha

Published 25 Aug, 2019 12:00am

Government urged to boost exports

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said that the government should establish sector-specific companies to boost exports as reduced imports is not a sustainable solution to tame the deficit. He said effort

Published 25 Aug, 2019 12:00am

Couple found dead

Bodies of two including husband and wife were recovered from a house in the metropolis on Saturday. Police said that it recovered bodies of a couple from room of their house in Gadap City in Karachi.

Published 25 Aug, 2019 12:00am

Drive against dengue begins in Tharparkar

The District Health Officer Tharparkar Dr Irshad Ahmed Memon has informed that on directives of the Deputy Commissioner Tharparkar Dr Shahzad Tahir Thaheem Health Department Tharparkar and Municipal Committees have started aggressive anti-malaria and anti

Published 25 Aug, 2019 12:00am

German Navy P3C aircraft visits Mehran Air Base

German Navy P3C (Long Range Maritime Patrol) aircraft's visit to Naval Air Base PNS MEHRAN has concluded. This goodwill visit by the German Navy aircraft is a manifestation of good bilateral relations and a desire to find new vistas to further strengthen

Published 25 Aug, 2019 12:00am

KP government to highlight its one-year achievements

The PTI government in Khyber Pakhtunkhwa has decided to present success achieved by it during the period of last one year in the province. For the purpose, a one-day event will be organised in the province. Under the programme, the provincial government b

Published 25 Aug, 2019 12:00am

Appointment of ECP members: Swati terms CEC's refusal to administer oath 'unfortunate'

The Minister for Parliamentary Affairs Azam Khan Swati on Saturday termed the Chief Election Commissioner's (CEC) decision regarding refusal to administer oath to the members as unfortunate, saying his stance and its implications were being deliberated up

Published 25 Aug, 2019 12:00am

AGTL opposes imposition of MVA ST

Local tractor industry has urged the Federal Government not to impose Minimum Value Addition Sales Tax (MVA) as it will increase the input cost and will negatively impact the consumers. In a meeting, Executive Director and CFO of AI-Ghazi Tractors Limited

Published 25 Aug, 2019 12:00am

Kashmir under siege

Nothing is working for shameless Narendra Modi government in New Delhi to stop protests by the inmates of the largest prison on earth: occupied Kashmir. Protests have broken out in parts of occupied Srinagar over the last two weeks, some drawing hundreds

Published 25 Aug, 2019 12:00am

Cloud gaming faces challenges as Google prepares launch

Urging fans to plunge into a virtual high-res surround sound universe of extraordinary games, Google hopes its cloud-based Stadia platform will take the world by storm on its November launch. The US digital behemoth unveiled details of its nascent streami

Published 25 Aug, 2019 12:00am

Tourism hotspot Barcelona alarmed by crime surge

A surge in muggings and burglaries in Barcelona, mainly targeting tourists, has sparked alarm in Spain's second-largest city, leading local residents to form their own crime-fighting patrols. The US consulate in Barcelona on Wednesday warned its nationals

Published 25 Aug, 2019 12:00am

Exchange

Isolated Trump descends on G7, talking trade war

An isolated President Donald Trump arrived Saturday for the G7 summit in Biarritz bearing threats of tariffs against host France and a decision to deepen his trade war with China, despite fears of US or even global recession. Trump dislikes the kind of mu

Published 25 Aug, 2019 12:00am

Reducing micro Frictions

Recently, this writer attended a talk by Asim Khawaja where he raised a point that micro level frictions are hindering our economic progression. Next day he read an opinion piece by Faisal Bari, a noted economist, in which poor contract enforcement - a mi

Published 25 Aug, 2019 12:00am

Not in the name of family honour

Parents of Qandeel Baloch, a high-profile model who was strangulated to death in the name of family honour by her two brothers, had asked a Multan trial court hearing the case for the acquittal of their sons, saying they had pardoned them. Unsurprisingly,

Updated 26 Aug, 2019 06:49am

Fires in the Amazon

The Amazon Basin rainforests, which produce 20 percent of our planet's oxygen, are on fire, threatening to nullify whatever little progress has been made over the recent years to check global warming. Nearly 73,000 forest fires were recorded in first eigh

Updated 26 Aug, 2019 06:19am

UAE gives Modi its top civilian award

The United Arab Emirates (UAE) conferred its highest civilian honour on Indian Prime Minister Narendra Modi on Saturday, as a human rights crisis brews in occupied Kashmir with the Indian government continuing its clampdown in the disputed territory. Imag

Published 25 Aug, 2019 12:00am

UAE gives Modi its top civilian award

The United Arab Emirates (UAE) conferred its highest civilian honour on Indian Prime Minister Narendra Modi on Saturday, as a human rights crisis brews in occupied Kashmir with the Indian government continuing its clampdown in the disputed territory. Imag

Published 25 Aug, 2019 12:00am

Arun Jaitley dies at 66

Former Indian finance minister Arun Jaitley, a key ally of Prime Minister Narendra Modi, died in hospital in New Delhi on Saturday aged 66, the government said. Serving from 2014 until elections earlier this year, Jaitley oversaw the sudden withdrawal of

Published 25 Aug, 2019 12:00am

Arun Jaitley dies at 66

Former Indian finance minister Arun Jaitley, a key ally of Prime Minister Narendra Modi, died in hospital in New Delhi on Saturday aged 66, the government said. Serving from 2014 until elections earlier this year, Jaitley oversaw the sudden withdrawal of

Published 25 Aug, 2019 12:00am

Lawyers' convention expresses concern over references against judges

All Pakistan Lawyers Convention on Saturday expressed its concern over the references filed against Justice Faez Isa and Justice K K Agha and in Supreme Judicial Council (SJC). A resolution unanimously adopted by All Pakistan Lawyers Convention, which was

Published 25 Aug, 2019 12:00am

Lawyers' convention expresses concern over references against judges

All Pakistan Lawyers Convention on Saturday expressed its concern over the references filed against Justice Faez Isa and Justice K K Agha and in Supreme Judicial Council (SJC). A resolution unanimously adopted by All Pakistan Lawyers Convention, which was

Published 25 Aug, 2019 12:00am

Projects funded by China going to meet completion deadlines

Road projects under the China-Pakistan Economic Corridor (CPEC) framework -particularly the western route-are behind the completion schedule deadline due to short releases of funds, which may escalate its cost. This was revealed by senior officials at the

Published 25 Aug, 2019 12:00am

Projects funded by China going to meet completion deadlines

Road projects under the China-Pakistan Economic Corridor (CPEC) framework -particularly the western route-are behind the completion schedule deadline due to short releases of funds, which may escalate its cost. This was revealed by senior officials at the

Published 25 Aug, 2019 12:00am

'Forward bloc' in Sindh in the making?

Recent involvement of federal ministers in operation clean-up Karachi and hostile statements from MQM-P, an ally of Pakistan Tehreek-e-Insaf (PTI) against the provincial government of Sindh, have sparked speculation about the possibility of a forward bloc

Published 25 Aug, 2019 12:00am

US, SE Asia to hold first-ever joint maritime drill

The US and 10 Southeast Asian states will hold their first-ever joint maritime exercises in September, aimed at preventing "wrongdoing" as Washington and Beijing jostle for influence in the region. Washington has traditionally been the dominant naval powe

Published 25 Aug, 2019 12:00am

Chairman NAB orders inquiry against Atif Zaman

Justice Javed Iqbal (retd), Chairman National Accountability Bureau (NAB), has directed director general NAB Karachi to conduct an inquiry against Atif Zaman who has allegedly looted billions of rupees from TV anchorperson Mureed Abbas, his friend Khizar

Published 25 Aug, 2019 12:00am

Chairman NAB orders inquiry against Atif Zaman

Justice Javed Iqbal (retd), Chairman National Accountability Bureau (NAB), has directed director general NAB Karachi to conduct an inquiry against Atif Zaman who has allegedly looted billions of rupees from TV anchorperson Mureed Abbas, his friend Khizar

Published 25 Aug, 2019 12:00am

Exchange

Economic managers urged to find out of box solution: Export sector needs revamping: Tarin

Former Finance Minister Shaukat Tarin has urged the government's economic team to think outside the box in terms of raising exports as they are unlikely to rise due to rupee depreciation alone, adding that the export sector requires revamping. Speaking at

Published 25 Aug, 2019 12:00am

Exchange

Economic managers urged to find out of box solution: Export sector needs revamping: Tarin

Former Finance Minister Shaukat Tarin has urged the government's economic team to think outside the box in terms of raising exports as they are unlikely to rise due to rupee depreciation alone, adding that the export sector requires revamping. Speaking at

Published 25 Aug, 2019 12:00am

Pakistan, China begin joint exercise 'Shaheen-VIII'

The eighth annual joint exercise of Pakistan and Chinese Air forces, 'Shaheen-VIII', has started at northwest China. According to Chinese media reports, the joint training aims to improve training standards of the two air forces through mutual learning. I

Published 25 Aug, 2019 12:00am

Pakistan, China begin joint exercise 'Shaheen-VIII'

The eighth annual joint exercise of Pakistan and Chinese Air forces, 'Shaheen-VIII', has started at northwest China. According to Chinese media reports, the joint training aims to improve training standards of the two air forces through mutual learning. I

Published 25 Aug, 2019 12:00am

Government seeks to enhance energy cooperation with Iran

Power Minister Omar Ayub Khan has said that his country is looking forward to enhancing energy cooperation with Iran. The minister made the remarks in a meeting with Ambassador of Iran to Pakistan Mehdi Honardoost here. Omar Ayub Khan reiterated to furthe

Published 25 Aug, 2019 12:00am

Government seeks to enhance energy cooperation with Iran

Power Minister Omar Ayub Khan has said that his country is looking forward to enhancing energy cooperation with Iran. The minister made the remarks in a meeting with Ambassador of Iran to Pakistan Mehdi Honardoost here. Omar Ayub Khan reiterated to furthe

Published 25 Aug, 2019 12:00am

Exchange

Transfer pricing: DGIT starts analysing potential cases of MNCs

The Directorate General of International Taxes of the Federal Board of Revenue (FBR) has started analysing a few potential multinational companies' cases of transfer pricing where companies are directly involved in shifting their profits outside the count

Published 25 Aug, 2019 12:00am

Exchange

Transfer pricing: DGIT starts analysing potential cases of MNCs

The Directorate General of International Taxes of the Federal Board of Revenue (FBR) has started analysing a few potential multinational companies' cases of transfer pricing where companies are directly involved in shifting their profits outside the count

Published 25 Aug, 2019 12:00am

Third Schedule items: Budgetary changes create serious problems for taxpayers

Taxpayers are facing serious technical and legal difficulties in payment of sales tax after budgetary changes (2019-20) for Third Schedule items and payment of minimum value addition sales tax by commercial importers. Talking to Business Recorder, Arshad

Published 25 Aug, 2019 12:00am

Third Schedule items: Budgetary changes create serious problems for taxpayers

Taxpayers are facing serious technical and legal difficulties in payment of sales tax after budgetary changes (2019-20) for Third Schedule items and payment of minimum value addition sales tax by commercial importers. Talking to Business Recorder, Arshad

Published 25 Aug, 2019 12:00am

Economic road map discussed

The government is in the process of preparing a road map to increase economic activity and to provide relief to the common man and increase economic activities for job creation. This was stated by Advisor to Prime Minister on Finance Dr Abdul Hafeez Shaik

Published 25 Aug, 2019 12:00am

Economic road map discussed

The government is in the process of preparing a road map to increase economic activity and to provide relief to the common man and increase economic activities for job creation. This was stated by Advisor to Prime Minister on Finance Dr Abdul Hafeez Shaik

Published 25 Aug, 2019 12:00am

Recovery through sale of mortgaged property: no fresh notice needed for commencement of execution proceedings: SC

The Supreme Court has upheld that under Section 19(1) of the Financial Institutions (Recovery of Finances) Ordinance 2001, no fresh notice is required for commencement of execution proceedings to sell mortgaged property in case of non-payment of availed f

Published 25 Aug, 2019 12:00am

Recovery through sale of mortgaged property: no fresh notice needed for commencement of execution proceedings: SC

The Supreme Court has upheld that under Section 19(1) of the Financial Institutions (Recovery of Finances) Ordinance 2001, no fresh notice is required for commencement of execution proceedings to sell mortgaged property in case of non-payment of availed f

Published 25 Aug, 2019 12:00am

Government releases Rs 15.42 billion for new, ongoing projects under PSDP

The federal government has released Rs 15.42 billion (2.2 percent) for various ongoing and new development projects under Public Sector Development Programme (PSDP) 2019-20 against the total budgeted allocation of Rs 701 billion. The government released R

Published 25 Aug, 2019 12:00am

Government releases Rs 15.42 billion for new, ongoing projects under PSDP

The federal government has released Rs 15.42 billion (2.2 percent) for various ongoing and new development projects under Public Sector Development Programme (PSDP) 2019-20 against the total budgeted allocation of Rs 701 billion. The government released R

Published 25 Aug, 2019 12:00am

US, Taliban resume push for peace at Doha talks

The US and the Taliban met in Doha on Saturday, an American source close to the negotiations said, resuming potentially decisive talks to allow Washington to drawdown militarily in Afghanistan. "Talks resumed this afternoon," the US source said. The secon

Published 25 Aug, 2019 12:00am

US, Taliban resume push for peace at Doha talks

The US and the Taliban met in Doha on Saturday, an American source close to the negotiations said, resuming potentially decisive talks to allow Washington to drawdown militarily in Afghanistan. "Talks resumed this afternoon," the US source said. The secon

Published 25 Aug, 2019 12:00am

CoAS speaks to formation officers, troops at Gilgit

Chief of the Army Staff (CoAS) General Qamar Javed Bajwa on Saturday said the Pakistan Army was fully prepared to thwart any Indian misadventure and aggression. "We are alive to threat from Eastern Border linked to ongoing situation in Indian Occupied Jam

Published 25 Aug, 2019 12:00am

CoAS speaks to formation officers, troops at Gilgit

Chief of the Army Staff (CoAS) General Qamar Javed Bajwa on Saturday said the Pakistan Army was fully prepared to thwart any Indian misadventure and aggression. "We are alive to threat from Eastern Border linked to ongoing situation in Indian Occupied Jam

Published 25 Aug, 2019 12:00am

Rahul, others sent back from Srinagar airport

Congress leader Rahul Gandhi and 11 leaders of other opposition parties who landed Saturday at Srinagar airport were sent back to Delhi. Among the parties that were part of the opposition's all-party delegation that landed at Srinagar were Congress, CPI(M

Published 25 Aug, 2019 12:00am

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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