News Archives for Print - 2019-09-01

Currency

Canadian dollar extends August's decline

The Canadian dollar weakened against its US counterpart on Friday, giving up gains it made after data showing stronger-than-expected GDP growth for the second quarter, as oil prices fell and the greenback broadly rallied.

Published 01 Sep, 2019 12:00am

Long dollar bets fall to lowest in over a year

Speculators cut their net long dollar position in the latest week to the lowest level since June 2018, according to calculations by Reuters and US Commodity Futures Trading Commission data released on Friday.

Published 01 Sep, 2019 12:00am

Exchange

Sterling investors hold their nerve despite Johnson's gambit

Prime Minister Boris Johnson's most audacious bid yet to take Britain out of the European Union on October 31 with or without a deal on their future relations is not panicking money managers yet. Some even sense an opportunity, believing the British curre

Published 01 Sep, 2019 12:00am

Exchange

Euro falls to its lowest since May 2017 in New York

The euro fell below $1.10 on Friday to its weakest since May 2017 as a multi-day downward shift in the single currency intensified in afternoon trade.

Published 01 Sep, 2019 12:00am

Sweden to introduce bank tax to fund defence boost

Swedish Finance Minister Magdalena Andersson said on Saturday the centre-left coalition government would introduce a bank tax to help fund greater defence spending from 2022. The Social Democrats and Greens said on Friday they had agreed with the Centre a

Published 01 Sep, 2019 12:00am

Zelensky slams Nord Stream 2 as Ukraine seeks US gas

Ukraine's president on Saturday slammed the controversial Nord Stream 2 pipeline set to send Russian gas to Germany as a "threat" to Europe and welcomed moves by Kiev to tap into US gas supplies. Volodymyr Zelensky made the comments beside Poland's Presid

Published 01 Sep, 2019 12:00am

Saudi Arabia splits industry and mining from energy ministry

Saudi Arabia created a new ministry for industry and mineral resources, separating it from the kingdom's colossal energy ministry, and replaced the powerful head of the royal court, in a series of royal orders issued late on Friday. Bandar Alkhorayef, an

Published 01 Sep, 2019 12:00am

Currency

China's factory activity shrinks for fourth month as trade woes deepen

Factory activity in China shrank in August for the fourth month in a row as the United States ramped up trade pressure and domestic demand remained sluggish, pointing to a further slowdown in the world's second-largest economy. Persistent weakness in Chin

Published 01 Sep, 2019 12:00am

Currency

Argentina curbs banks' access to pesos

Argentina's battered bonds and currency were driven still lower on Friday amid downgrades by three credit rating agencies and a new measure the central bank said was designed to "avoid any lack of money" and safeguard the liquidity of the country's financ

Published 01 Sep, 2019 12:00am

Cuba unveils tighter rules on cooperatives in clampdown on non-state sector

Communist-run Cuba unveiled tighter regulations on non-agricultural cooperatives on Friday, including curbs on their prices, in keeping with a broader push to increase control of the growing non-state sector. The new regulations aim to tackle "irregularit

Published 01 Sep, 2019 12:00am

Opposition supporters defy ban, march on Moscow

Chanting "This is our city", Russian opposition supporters marched in central Moscow Saturday in defiance of a protest ban, just a week before controversial elections in the capital. Under the watchful eye of police, hundreds participated in the so-called

Published 01 Sep, 2019 12:00am

Google to pay out $150-200 million over YouTube privacy claims

Google will pay $150-200 million to settle allegations YouTube violated a children's privacy law while gathering data to better target its adverts, US media reports said Friday. The US Federal Trade Commission agreed the amount of the settlement against Y

Published 01 Sep, 2019 12:00am

North Korea hits out at Pompeo comments

North Korea Saturday lashed out at US Secretary of State Mike Pompeo over his comments on Pyongyang's "rogue behaviour" and warned its expectations for nuclear talks with Washington are "gradually disappearing". Pyongyang's angry words come as working-lev

Published 01 Sep, 2019 12:00am

US blacklists Iranian tanker in Mediterranean

The United States has blacklisted the Iranian tanker Adrian Darya, saying it had "reliable information" it was transporting oil to Syria in defiance of wide-ranging sanctions on the regime of Bashar al-Assad. Previously known as Grace 1, the vessel was

Published 01 Sep, 2019 12:00am

Swedish packaging pioneer Hans dies

Swedish businessman Hans Rausing, credited with turning food packaging company Tetra Pak into a global giant, has died in England aged 93, his family said. "Hans Rausing had exceptional drive, and right to the end a commitment to entrepreneurship in Swede

Published 01 Sep, 2019 12:00am

US actress Valerie Harper dies

Valerie Harper, one of US television's biggest stars in the 1970s for "The Mary Tyler Moore Show" and its spin-off "Rhoda," died Friday after a long battle with lung and brain cancer. She was 80. Harper won four Emmys and a Golden Globe for her portrayal

Published 01 Sep, 2019 12:00am

One dead, eight wounded in French knife attack

A 19-year-old man was killed and another eight people were wounded, three seriously, in a knife attack Saturday in the French city of Lyon, a regional official and emergency services said. A man armed with a knife and a skewer carried out the attack in Vi

Published 01 Sep, 2019 12:00am

40 killed in US missile strikes in Syria

US forces attacked jihadist leaders in Syria Saturday, the Pentagon said, in what a battlefield monitor called a missile strike that left at least 40 dead. The US Defense Department said the attack targeted leaders of Al-Qaeda in Syria north of Idlib. It

Published 01 Sep, 2019 12:00am

'The Little Art' launches 'Equally Loud'

The Little Art launches "Equally Loud", new platform enabling young minds from marginalized societies to express and share their experiences through creative mediums. The new platform was launched at an evening of open discussion with creative minds showc

Published 01 Sep, 2019 12:00am

Prices of essential kitchen items on the rise

Prices of essential kitchen items especially perishable items kept witnessing an increasing trend during this week past as compared to previous week, a survey conducted by Business Recorder revealed here on Saturday. The survey observed onion price

Published 01 Sep, 2019 12:00am

Rashid vows to reduce fares of Jinnah Express

Federal Minister for Railways Sheikh Rashid Ahmed on Saturday said all political parties are on the same page regarding the Kashmir issue, and maintained that Jamiat Ulema-e-Islam-Fazl (JUI-F) chief Maulana Fazlur Rahman will join him in Kashmir march. Th

Published 01 Sep, 2019 12:00am

SBP urged to review its policies for facilitating private sector

The All Pakistan Business Forum (APBF) has urged the central bank to review its policies to facilitate private sector, as the credit offtake in fiscal year 2018-19 has fallen to Rs 607.5 billion against Rs 618.2 billion of last year on the back of high ke

Published 01 Sep, 2019 12:00am

International Sikh Convention held: Kartarpur Corridor to open in November: Sarwar

Prime Minister Imran Khan has taken the initiative of Kartarpur Corridor Project, to facilitate the Sikh community to visit Gurdawara Darbar Sahib Kartarpur and Pakistan is committed to open Kartarpur Corridor in November 2019. Governor Punjab Chaudhry Mo

Published 01 Sep, 2019 12:00am

Exchange

Mirza lauds steps taken by new SECP chief

The recently reinstated head of the Securities & Exchange Commission of Pakistan (SECP) Policy Board, Khalid Mirza on Saturday in broad terms appreciated the recent measures taken by the new SECP chairman and was glad to note that the commission has picke

Published 01 Sep, 2019 12:00am

Money laundering case: AC to proceed with references against Hamza, Maryam on September 4

An accountability court would proceed with the references against Hamza Shahbaz, Maryam Nawaz and their cousin Yousaf Abbas in money laundering references on September 04. All the accused are in the custody of National Accountability Bureau on physical re

Published 01 Sep, 2019 12:00am

Exchange

'Over 130,000 women trained in digital skills across Asia Pacific'

In partnership with local organisations, Facebook, a leading social media platform, is working in Pakistan to provide women entrepreneurs with the tools, training and resources that can help them secure funding and grow their businesses, said Beth Ann Lim

Published 01 Sep, 2019 12:00am

Alvi optimistic about Sindh's participation in Ehsaas programme

President Dr. Arif Alvi appreciative of Sindh Government for initiating public friendly laws invited it to also get actively engaged in Ehsaas Program in the larger interest of the masses, particularly the marginalized segments.

Published 01 Sep, 2019 12:00am

Brazil soya exports lag as Chinese demand wanes, corn hits record

Brazil's soyabean exports fell in July due to weaker demand from the world's largest importer, China, but corn exports from the South American country hit a monthly high in July, government data showed on Thursday.

Published 01 Sep, 2019 12:00am

Big harvest means France needs to export 20 million tonnes of wheat in 2019-20

France will need to export 20.1 million tonnes of soft wheat this season after harvesting its second-largest crop in history, French consultancy Agritel said on Wednesday.

Published 01 Sep, 2019 12:00am

Ukraine benefits from slow start to Russia's wheat export season

Russian wheat exports have been slow so far this season, to the benefit of Ukraine which has seen a surge in its shipments of the grain, traders said.

Published 01 Sep, 2019 12:00am

Cotton

Speculators hike net short position in sugar

Speculators hiked their net short position in raw sugar on ICE Futures US in the week to August 27 to its highest in nearly three months, US government data showed on Friday.

Published 01 Sep, 2019 12:00am

ICCO halves cocoa surplus estimate

The International Cocoa Organization (ICCO) on Friday halved its forecast for the expected global cocoa surplus in the 2018/19 season as growth in grindings, a proxy for demand, is set to outpace production increases.

Published 01 Sep, 2019 12:00am

Exchange

Few deliveries expected against CBOT September wheat futures

Firm domestic cash markets for soft red winter wheat should minimize deliveries against Chicago Board of Trade September wheat futures on Friday, the first notice day, traders and analysts said. But trader views were mixed on the amount of deliveries agai

Published 01 Sep, 2019 12:00am

Analysts slash oil price forecasts due to fears over economy, trade

Analysts have slashed their oil price forecasts to the lowest in more than 16 months, citing softening global demand as an economic slowdown looms and uncertainty prevails on the US-China trade front, a Reuters poll showed on Friday.

Published 01 Sep, 2019 12:00am

NLC holds free medical camp

The National Logistic Cell (NLC) organised a free medical camp in Torkham, Khyber district on Saturday. More than 300 patients were treated in free medical camp set up here in Basic Health Unit (BHU)

Published 01 Sep, 2019 12:00am

RTO gets details of over 17,000 property owners

The Regional Tax Office (RTO) of Federal Board of Revenue (FBR) has obtained details of more than 17,000 property owners from the Lahore Development Authority (LDA), besides the details relating to the housing societies in the city, said sources.

Published 01 Sep, 2019 12:00am

Ban on arms licence lifted

The Interior Ministry has lifted the ban on weapon licence through a notification, said sources. They said only high government officials, ministers or bureaucrats would be eligible to apply for the licence while those travelling from abroad would be faci

Published 01 Sep, 2019 12:00am

Bilawal to visit AJK: Manzoor

Bilawal Bhutto Zardari is set to visit Azad Kashmir and Punjab soon, said secretary-general Pakistan Peoples Party (PPP) Ch Manzoor Ahmed on Saturday. He said Bilawal is heading towards Bidin and Thar after the successful visit of Gilgit Baltistan.

Published 01 Sep, 2019 12:00am

30 students held in Kerala on charges of waving Pak flag

More than 30 students have been booked on Saturday for allegedly waving Pakistan flags inside Perambra Silver College, Kozhikode - a coastal city in the south Indian state of Kerala.

Published 01 Sep, 2019 12:00am

Pre-service training of civil judges-cum-judicial magistrates concludes

Pre-Service Training (PST) for the 42 newly-recruited Civil Judges-cum-Judicial Magistrates/Illaqa Qazis was held in Khyber Pakhtunkhwa Judicial Academy (KPJA).

Published 01 Sep, 2019 12:00am

Tourism minister meets Bruneian counterpart

A Pakistani delegation led by Provincial Minister for Tourism and Sports Rai Taimoor Bhatti called on Bruneian Minister for Primary Resources and Tourism Haji Ali Bin Apong in Brunei Darussalam, yesterday.

Published 01 Sep, 2019 12:00am

Kashmiris making historic struggle against Indian brutality: Buzdar

A meeting was held between Punjab Chief Minister Sardar Usman Buzdar, Governor Punjab Ch Muhammad Sarwar and Special Assistant to Prime Minister for Political Affairs Naeem-ul-Haq at Governor House on Saturday.

Published 01 Sep, 2019 12:00am

Ahsan slams PTI government for 'economic mismanagement'

Slamming the 'economic mismanagement' on the part of PTI-led government, PML-N senior leader and former interior minister Ahsan Iqbal on Saturday said that the PTI government had been exposed on economic front.

Published 01 Sep, 2019 12:00am

MPCL observes Kashmir Hour

Employees led by management of Mari Petroleum Company Limited (MPCL) observed the Kashmir hour as directed by Prime Minister Imran Khan with great fervour and enthusiasm on Friday 30th August 2019, at MPCL Head Office Islamabad. All employees of Mari Petr

Published 01 Sep, 2019 12:00am

PFA to check quality of ghee, cheese

The Punjab Food Authority (PFA) will start two-day ghee, butter and cheese sampling campaign from next month across Punjab. The purpose of the campaign is to ensure provision of safe and healthy food by checking the quality and standard of products. PFA D

Published 01 Sep, 2019 12:00am

Muharram arrangements for Faisalabad reviewed

Punjab Cabinet Sub Committee for Law & Order headed by Punjab Minister for Law Raja Basharat visited here to review the Muharram arrangements in Faisalabad division. Punjab Minister for Sports Rai Taimur Bhatti, Punjab Minister for Population Welfare Hash

Published 01 Sep, 2019 12:00am

Thunderstorm, rain likely in upper parts of country

Rain with wind-thunderstorm is expected in upper parts of the country in coming 24 hours and isolated falls in lower Sindh, the Met Office said on Saturday. It said that scattered isolated heavy falls may hit Rawalpindi, Gujranwala, Lahore, Sargodha, Fais

Published 01 Sep, 2019 12:00am

Efforts afoot to help resolve businessmen's issues: Alvi

President of Pakistan Dr Arif Alvi has told the business community that the government is well aware of their problems and is making efforts to solve them on a priority basis. Talking to a delegation of Pakistan Chemical & Dyes Merchants Association (PCDM

Published 01 Sep, 2019 12:00am

TCM becomes first Eco Dealership for Toyota-IMC

Toyota Central Motors (TCM) becomes Pakistan's first dealership to clear the Asia Pacific-Eco Dealership audit and Toyota Service Management's Fix-It-Right (TSM-FIR) evaluations. These were conducted by international representatives of Toyota Motors Asia

Published 01 Sep, 2019 12:00am

No nation can make progress sans education: minister

Sindh Minister for Human Settlements, Ghulam Murtaza Baloch has said that it is an undeniable fact that without making progress in the field of education, we can not get a prominent place among the nations of the world. Speaking at Annual Prize Distributi

Published 01 Sep, 2019 12:00am

'Traders pinning high hopes on PM-governor SBP meeting'

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said that business community is pinning high hopes on the recent meeting between Prime Minister Imran Khan and governor State Bank of Pakistan and they are positive abou

Published 01 Sep, 2019 12:00am

Sindh GP Fund Centres open in three districts

Sindh Accountant General, Gufran Memon inaugurated Sindh GP Fund Centres in District Badin, District Umerkot and District Mithi. AG Sindh announced that these centres would be established in all 22 districts of Sindh. GP Fund cases of more than 500,000 em

Published 01 Sep, 2019 12:00am

PIA revenue registers 40 percent rise in last six months

The revenue of Pakistan International Airlines (PIA) has surged by over 40 percent during last six months as compared to last corresponding period, said CEO PIA. He was speaking at MoU signing ceremony held at Federation House Karachi on the other day. CE

Published 01 Sep, 2019 12:00am

PIA revenue registers 40 percent rise in last six months

The revenue of Pakistan International Airlines (PIA) has surged by over 40 percent during last six months as compared to last corresponding period, said CEO PIA. He was speaking at MoU signing ceremony held at Federation House Karachi on the other day. CE

Updated 02 Sep, 2019 08:46am

Corps Commander Peshawar visits Pak-Afghan border

Corps Commander Peshawar Lieutenant General Shaheen Mazhar Mehmood Khattak paid visit to Landi Kotal where he inspected Pak-Afghan sharing border, Torkham on Saturday. The Corps Commander flew to the town through military chopper where he was received by

Published 01 Sep, 2019 12:00am

Six DMCs consume record Rs 800 million petrol every year: Alamgir

Pakistan Tehreek-e-Insaf (PTI) MNA and Fixit founder Alamgir Khan on Saturday claimed that six district municipal corporations (DMCs) consume record petrol worth Rs 800 million every year but claim of having no funds to collect the garbage.

Published 01 Sep, 2019 12:00am

Exchange

Language helps promote people-to-people contacts: Chinese official

Ms Pang Chunxue Deputy Chief of Mission of Embassy of China said on Saturday that the language plays a pivotal role in knowing a nation and its culture, as language promote people to people contacts and strengthen cultural bonds between the two countries.

Published 01 Sep, 2019 12:00am

CM for proper lighting arrangements at Torkham border

KP Chief Minister Mahmood Khan Saturday directed the completion of all arrangements for the 24/7 hours opening of Torkham border. He said that Torkham border is being opened for 24/7 hours for first-time; therefore, all concerned institutions should ensur

Published 01 Sep, 2019 12:00am

Czech Republic builds water channel in Bannu

The Peshawar-based Honorary Consul General of the Czech Republic, Barrister Assad Saifullah Khan has inaugurated a water channel at Shober Khel area of Baka Khel, district Bannu. The channel is constructed with the financial assistance of Czech Republic,

Published 01 Sep, 2019 12:00am

Ministry introduces bottled water for government offices

The Ministry of Science and Technology has introduced its own bottled water initially for government offices, which would cost Re 1 per litre. Fawad Chaudhry, Federal Minister for Science and Technology said that the step has been taken in light of the go

Published 01 Sep, 2019 12:00am

TV anchorperson seeks minister's disqualification

The Islamabad High Court has been approached for the disqualification of Federal Minister for Science and Technology Fawad Chaudhry under Article 62(1)(f) of the Constitution.

Published 01 Sep, 2019 12:00am

26 passengers killed as bus plunges into river

At least 26 people were killed and two injured after a passenger bus plunged into river in Kandia tehsil of Upper Kohistan District, Khyber Pakhtunkhwa on Saturday. The unfortunate bus was carrying 35 passengers, including women and children when it met w

Published 01 Sep, 2019 12:00am

Economic policies to usher in sustainable growth: NA speaker

Advisor to the Prime Minister on Finance Abdul Hafeez Sheikh called on Speaker National Assembly Asad Qaiser in Islamabad on Saturday. Economic situation in the country and measure initiated by the Government for restructuring of economy and generation of

Published 01 Sep, 2019 12:00am

Currency

Criminal activities surge in Islamabad

Over seven cases of theft including house robbery and snatching at gunpoint, eight cases of car lifting, three of kidnapping and one case of murder were reported to the city's various police stations during the last week. According to the data gathered by

Published 01 Sep, 2019 12:00am

Private sector's role vital to make Pakistan clean and green: Fawad

Fawad Chaudhry, Federal Minister for Science and Technology Saturday said that the government is fully committed to making Pakistan clean and green as per the vision of the Prime Minister Imran Khan, and this mission can only be achieved through contribut

Published 01 Sep, 2019 12:00am

Rational criminal

It is argued that large part of crime is economics - if people are working and have a home and family to support, then you can reduce the crime rate in society. This was also an inspirational quote from Vincent Frank that Business Recorder op-ed wr

Published 01 Sep, 2019 12:00am

Capital flight: Indonesian move could prompt new environment crisis

Abandoning Jakarta for a new capital in Borneo won't save the fast-sinking Indonesian megacity from disaster and could even spark a fresh environmental crisis in a region home to rainforests and endangered orangutans, critics have warned.

Published 01 Sep, 2019 12:00am

Fires not the only threat facing Amazon

Raging wildfires have drawn the world's attention to the Amazon but immolation is just one of the dangers facing the world's largest rain forest, environmental experts across the region say.

Published 01 Sep, 2019 12:00am

International Parliamentarians' Congress Strengthening institution of parliament

The interconnectivity between today's international, regional and domestic issues and challenges has created a need for interdependence and greater global cooperation to address common issues like ensuring economic stability and development, maintaining s

Published 01 Sep, 2019 12:00am

What is govt's plan?

The government does not seem to have a clear road map for economic recovery. The SBP is designing a policy of import compression, and is eyeing to jack up tax revenues growth at an unprecedented level, and the ministry of industry is eyeing to boost inves

Published 01 Sep, 2019 12:00am

Media controls in India

Independent media in India faces frustrating hurdles in the performance of professional duties in Occupied Jammu and Kashmir (J&K). The government claims all is well in the disputed region. But since its August 5 security clampdown, no regional newspaper

Updated 02 Sep, 2019 06:37am

'Kashmir Hour'

As India's security lockdown and communication blackout of Occupied Kashmir continues the people all across Pakistan observed the 'Kashmir Hour' on Friday. Cities, towns and villages across this South Asian country came to a standstill, people belonging t

Updated 02 Sep, 2019 06:37am

Taliban, Afghan forces clash in Kunduz amid peace talks with US

Taliban forces attacked the northern Afghan city of Kunduz on Saturday, setting off hours of gun battles, even as US negotiators move closer to finalising a deal with the insurgents for the withdrawal of American troops from the country.

Published 01 Sep, 2019 12:00am

Taliban, Afghan forces clash in Kunduz amid peace talks with US

Taliban forces attacked the northern Afghan city of Kunduz on Saturday, setting off hours of gun battles, even as US negotiators move closer to finalising a deal with the insurgents for the withdrawal of American troops from the country.

Published 01 Sep, 2019 12:00am

Deceptive marketing practices: CCP recommends action against 14 pharma companies

The Competition Commission of Pakistan (CCP) has recommended initiation of proceedings against 14 pharmaceutical companies engaged in selling of weight loss products by making false claims of success without adoption of a proper diet plan and exercise reg

Published 01 Sep, 2019 12:00am

Deceptive marketing practices: CCP recommends action against 14 pharma companies

The Competition Commission of Pakistan (CCP) has recommended initiation of proceedings against 14 pharmaceutical companies engaged in selling of weight loss products by making false claims of success without adoption of a proper diet plan and exercise reg

Published 01 Sep, 2019 12:00am

HK protests turn to chaos amid tear gas and petrol bombs

Hong Kong police fired tear gas and water cannon on Saturday as pro-democracy protesters threw petrol bombs in the latest in a series of clashes that have plunged the Chinese-ruled city into its worst political crisis in decades.

Published 01 Sep, 2019 12:00am

HK protests turn to chaos amid tear gas and petrol bombs

Hong Kong police fired tear gas and water cannon on Saturday as pro-democracy protesters threw petrol bombs in the latest in a series of clashes that have plunged the Chinese-ruled city into its worst political crisis in decades.

Published 01 Sep, 2019 12:00am

Twitter CEO account hacked, offensive tweets posted

Twitter said Friday the account of chief executive Jack Dorsey had been "compromised" after a series of erratic and offensive messages were posted. The tweets containing racial slurs and suggestions about a bomb showed up around 2000 GMT on the @jack acco

Published 01 Sep, 2019 12:00am

Twitter CEO account hacked, offensive tweets posted

Twitter said Friday the account of chief executive Jack Dorsey had been "compromised" after a series of erratic and offensive messages were posted. The tweets containing racial slurs and suggestions about a bomb showed up around 2000 GMT on the @jack acco

Published 01 Sep, 2019 12:00am

Sudan's Bashir charged with illegal use of foreign funds

Sudan's ousted president Omar al-Bashir was charged in court Saturday with illegal acquisition and use of foreign funds, offences that could land him behind bars for more than a decade. Bashir, who was deposed in April following months of mass protests ag

Published 01 Sep, 2019 12:00am

Sudan's Bashir charged with illegal use of foreign funds

Sudan's ousted president Omar al-Bashir was charged in court Saturday with illegal acquisition and use of foreign funds, offences that could land him behind bars for more than a decade. Bashir, who was deposed in April following months of mass protests ag

Published 01 Sep, 2019 12:00am

Zero-rated sectors: FBR should increase GST on domestic sales only gradually: Haroon

Former Special Assistant to the Prime Minister on Revenue, Haroon Akhtar Khan has suggested that the Federal Board of Revenue (FBR) should gradually increase sales tax rate on domestic sales of five leading export sectors and reduce the tax applicable on

Published 01 Sep, 2019 12:00am

Zero-rated sectors: FBR should increase GST on domestic sales only gradually: Haroon

Former Special Assistant to the Prime Minister on Revenue, Haroon Akhtar Khan has suggested that the Federal Board of Revenue (FBR) should gradually increase sales tax rate on domestic sales of five leading export sectors and reduce the tax applicable on

Published 01 Sep, 2019 12:00am

UAE firms scout trade at Syria fair

A delegation of at least 40 businessmen from the United Arab Emirates attended a state-backed trade fair in Syria's capital, defying US warnings against doing business with the government and associates of President Bashar al-Assad. The UAE, one of Washin

Published 01 Sep, 2019 12:00am

UAE firms scout trade at Syria fair

A delegation of at least 40 businessmen from the United Arab Emirates attended a state-backed trade fair in Syria's capital, defying US warnings against doing business with the government and associates of President Bashar al-Assad. The UAE, one of Washin

Published 01 Sep, 2019 12:00am

Deletion of BRT Redline project's overhead charges: Sindh government not in accord with ministry

The Sindh government didn't agree with the Ministry of Planning, Development & Reforms (MoDP&R) to delete overhead charges for construction of Karachi BRT Redline project, which would reduce the cost of the project by Rs 16 billion. The MoDP&R had propose

Published 01 Sep, 2019 12:00am

Deletion of BRT Redline project's overhead charges: Sindh government not in accord with ministry

The Sindh government didn't agree with the Ministry of Planning, Development & Reforms (MoDP&R) to delete overhead charges for construction of Karachi BRT Redline project, which would reduce the cost of the project by Rs 16 billion. The MoDP&R had propose

Published 01 Sep, 2019 12:00am

EFF programme: IMF's first quarterly review to take place in December

The Intern-ational Monetary Fund's first quarterly monitoring and review of the Extended Fund Facility (EFF) programme for Pakistan will take place in December. Significant discrepancies have emerged between the claims made in the 2019-20 budget documents

Published 01 Sep, 2019 12:00am

EFF programme: IMF's first quarterly review to take place in December

The Intern-ational Monetary Fund's first quarterly monitoring and review of the Extended Fund Facility (EFF) programme for Pakistan will take place in December. Significant discrepancies have emerged between the claims made in the 2019-20 budget documents

Published 01 Sep, 2019 12:00am

Two million face statelessness as India publishes citizenship list

Almost two million people in northeast India were left facing statelessness on Saturday after the state of Assam published a citizenship list aimed at weeding out "foreign infiltrators", in a process the central government wants to replicate nationwide. A

Published 01 Sep, 2019 12:00am

Two million face statelessness as India publishes citizenship list

Almost two million people in northeast India were left facing statelessness on Saturday after the state of Assam published a citizenship list aimed at weeding out "foreign infiltrators", in a process the central government wants to replicate nationwide. A

Published 01 Sep, 2019 12:00am

Exchange

MoF announces reduction in prices of POL products

Ministry of Finance announced on Saturday a reduction in prices of petroleum products for month of September owing to a decrease in global oil prices. The government had passed on full impact of reduction in prices of petrol, kerosene oil and Light Diesel

Published 01 Sep, 2019 12:00am

Exchange

MoF announces reduction in prices of POL products

Ministry of Finance announced on Saturday a reduction in prices of petroleum products for month of September owing to a decrease in global oil prices. The government had passed on full impact of reduction in prices of petrol, kerosene oil and Light Diesel

Published 01 Sep, 2019 12:00am

Pakistan warns of deepening humanitarian crisis in IoK

Pakistan's Permanent Representative to the United Nations Maleeha Lodhi on Thursday updated the United Nations Security Council President Joanna Wronecka on the deepening crisis in Indian occupied Kashmir. The Pakistani envoy also briefed two senior world

Published 01 Sep, 2019 12:00am

Pakistan warns of deepening humanitarian crisis in IoK

Pakistan's Permanent Representative to the United Nations Maleeha Lodhi on Thursday updated the United Nations Security Council President Joanna Wronecka on the deepening crisis in Indian occupied Kashmir. The Pakistani envoy also briefed two senior world

Published 01 Sep, 2019 12:00am

Government ready for 'conditional' bilateral talks: Qureshi

Foreign Minister Shah Mahmood Qureshi has offered initiation of 'conditional' dialogue with New Delhi during an interview with a foreign news agency. He maintained that Pakistan has no objection to holding bilateral talks with India; however any mediator

Published 01 Sep, 2019 12:00am

Government ready for 'conditional' bilateral talks: Qureshi

Foreign Minister Shah Mahmood Qureshi has offered initiation of 'conditional' dialogue with New Delhi during an interview with a foreign news agency. He maintained that Pakistan has no objection to holding bilateral talks with India; however any mediator

Published 01 Sep, 2019 12:00am

Counter-terrorism ops have made Army battle hardened: CoAS

Chief of Army Staff (CoAS) General Qamar Jawed Bajwa on Saturday said that Counter Terrorism Operations have made Pakistan Army battle hardened. According to Inter-Services Public Relations (ISPR), the CoAS Bajwa visited Headquarters of Lahore Corps and P

Published 01 Sep, 2019 12:00am

Counter-terrorism ops have made Army battle hardened: CoAS

Chief of Army Staff (CoAS) General Qamar Jawed Bajwa on Saturday said that Counter Terrorism Operations have made Pakistan Army battle hardened. According to Inter-Services Public Relations (ISPR), the CoAS Bajwa visited Headquarters of Lahore Corps and P

Published 01 Sep, 2019 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 22	277.85
USD PKR Interbank Buying / Nov 22	277.65
USD to Japanese Yen / Nov 22	154.78
USD to Swiss Franc / Nov 22	0.89
Pound Sterling to USD / Nov 22	1.26
Euro to USD / Nov 22	1.05

Stock	Volume
S&P 500 / Nov 21	5,948.71
Nasdaq / Nov 21	18,972.42
FTSE 100 / Nov 21	8,149.27
Dow Jones / Nov 21	43,870.35
Germany DAX 30 / Nov 21	19,146.17
France CAC40 / Nov 21	7,213.32
India Sensex / Nov 22	78,147.34
Tokyo Nikkei / Nov 22	38,283.85

Item	Value
Gold 10 Grams PKR / Nov 21	238,340
Petrol/Litre / Nov 22	248.38
Crude Oil USD/Barrel / Nov 22	70.18
Karachi Cotton PKR/37.32 KG / Nov 22	17,785
Gold Spot USD/Ounce / Nov 22	2,691.90
Diesel/Litre / Nov 22	255.14

Stock	Price
786 Invest Ltd / Nov 22 786 Investments Limited(786)	7.15 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 22 Al-Abbas Sugar Mills Limited(AABS)	620.68 ▼ 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)	69.40 ▼ 0.00 (0.00%)
Allied Bank / Nov 22 Allied Bank Limited(ABL)	115 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 22 Abbott Laboratories (Pakistan) Limited(ABOT)	1,084.82 ▼ 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)	12.35 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 22 786 Investments Limited(786)	7.15 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 22 Al-Abbas Sugar Mills Limited(AABS)	620.68 ▲ 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)	69.40 ▲ 0.00 (0.00%)
Allied Bank / Nov 22 Allied Bank Limited(ABL)	115 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 22 Abbott Laboratories (Pakistan) Limited(ABOT)	1,084.82 ▲ 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)	12.35 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 22 Worldcall Telecom Limited(WTL)	95,563,962 ▲ 0.00
Pace (Pak) Ltd. / Nov 22 Pace (Pakistan) Limited(PACE)	51,499,190 ▲ 0.00
Kohinoor Spining / Nov 22 Kohinoor Spinning Mills Limited(KOSM)	48,260,119 ▲ 0.00
K-Electric Ltd. / Nov 22 K-Electric Limited(KEL)	44,585,332 ▲ 0.00
Treet Battery / Nov 22 Treet Battery Limited(TBL)	42,849,466 ▲ 0.00
Waves Home Appliances / Nov 22 Waves Home Appliances Limited(WAVESAPP)	41,650,133 ▲ 0.00
PIA Holding Co.Ltd / Nov 22 PIA Holding Company Limited(PIAHCLA)	33,841,692 ▲ 0.00
Fauji Foods Ltd / Nov 22 Fauji Foods Limited(FFL)	25,303,681 ▲ 0.00
Cnergyico PK / Nov 22 Cnergyico PK Limited(CNERGY)	25,120,112 ▲ 0.00

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