News Archives for Print - 2019-09-02

Returns on Profit and Loss Sharing Investment Bank Accounts (JANUARY TO JUNE 2019)

Comparative table of returns being given banks on their Profit and Loss Sharing Investment Accounts and Term Deposits.

Updated 02 Sep, 2019 04:35am

The Weather

The weather report on Sunday (September 01, 2019) and the forecast for Monday (September 02, 2019).

Published 02 Sep, 2019 12:00am

FMPAC expresses reservations on amended GIDC law

The domestic fertilizer industry has reportedly expressed reservations on the GIDC amendment Ordinance 2019, recently promulgated by the federal government, saying that GIDC settlement has triggered controversy.

Published 02 Sep, 2019 12:00am

FMPAC expresses reservations on amended GIDC law

The domestic fertilizer industry has reportedly expressed reservations on the GIDC amendment Ordinance 2019, recently promulgated by the federal government, saying that GIDC settlement has triggered controversy.

Published 02 Sep, 2019 12:00am

PM says concerned about future of Indian Muslims

Prime Minister Imran Khan has said that the world should realise serious threats posed to the regional peace by the supremacist Hindu group Rashtriya Swayamsevak Sangh (RSS) that has taken over the nuclear armed country India with a 'mad ideology'.

Published 02 Sep, 2019 12:00am

PM says concerned about future of Indian Muslims

Prime Minister Imran Khan has said that the world should realise serious threats posed to the regional peace by the supremacist Hindu group Rashtriya Swayamsevak Sangh (RSS) that has taken over the nuclear armed country India with a 'mad ideology'.

Updated 02 Sep, 2019 10:37am

Qureshi hopes EU will raise its voice

Minister for Foreign Affairs Shah Mehmood Qureshi on Sunday said the European Parliament during its discussion on Kashmir on Monday would hopefully raise its voice for the plight of Kashmiris who had been facing curfew and other restrictions for the past

Published 02 Sep, 2019 12:00am

Qureshi hopes EU will raise its voice

Minister for Foreign Affairs Shah Mehmood Qureshi on Sunday said the European Parliament during its discussion on Kashmir on Monday would hopefully raise its voice for the plight of Kashmiris who had been facing curfew and other restrictions for the past

Published 02 Sep, 2019 12:00am

Exchange

Kartarpur corridor: Pakistan, India to hold another moot on September 4

Pakistan and India will hold another technical meeting to finalise the remaining modalities of Kartarpur corridor at Wagha Border on Wednesday (September 4). According to reports, the Director General for South Asia and SAARC Dr Mohammad Faisal will lead

Published 02 Sep, 2019 12:00am

Exchange

Kartarpur corridor: Pakistan, India to hold another moot on September 4

Pakistan and India will hold another technical meeting to finalise the remaining modalities of Kartarpur corridor at Wagha Border on Wednesday (September 4). According to reports, the Director General for South Asia and SAARC Dr Mohammad Faisal will lead

Updated 02 Sep, 2019 08:50am

Exchange

THE RUPEE: sharp recovery

The rupee improved sharply against the dollar on the money market during the week, ended on August 31, 2019. The rupee recovered sharply versus the dollar for buying and selling at Rs 156.85 and Rs 156.95.

Published 02 Sep, 2019 12:00am

Exchange

THE RUPEE: sharp recovery

The rupee improved sharply against the dollar on the money market during the week, ended on August 31, 2019. The rupee recovered sharply versus the dollar for buying and selling at Rs 156.85 and Rs 156.95.

Published 02 Sep, 2019 12:00am

Currency

China, US kick off new round of tariffs in trade war

China and the United States began imposing additional tariffs on each other's goods on Sunday, the latest escalation in a bruising trade war, despite signs that talks would resume some time this month. US President Donald Trump, writing on Twitter, said t

Published 02 Sep, 2019 12:00am

Currency

China, US kick off new round of tariffs in trade war

China and the United States began imposing additional tariffs on each other's goods on Sunday, the latest escalation in a bruising trade war, despite signs that talks would resume some time this month. US President Donald Trump, writing on Twitter, said t

Updated 02 Sep, 2019 11:28am

UNHCR chief urges India to ensure no one left stateless

The top UN refugee official has urged India to ensure that no one is left stateless by the exclusion of nearly 2 million people from a citizenship list in Assam state. Filippo Grandi, the UN high commissioner for refugees, voiced his concern in a statemen

Published 02 Sep, 2019 12:00am

UNHCR chief urges India to ensure no one left stateless

The top UN refugee official has urged India to ensure that no one is left stateless by the exclusion of nearly 2 million people from a citizenship list in Assam state. Filippo Grandi, the UN high commissioner for refugees, voiced his concern in a statemen

Published 02 Sep, 2019 12:00am

Government for downward revision of interest rates?

Prime Minister Imran Khan has directed State Bank of Pakistan (SBP) to review policy on interest rates and government lending to facilitate market liquidity, well-informed sources told Business Recorder. Prime Minister's Adviser on Finance, Revenue

Published 02 Sep, 2019 12:00am

Government for downward revision of interest rates?

Prime Minister Imran Khan has directed State Bank of Pakistan (SBP) to review policy on interest rates and government lending to facilitate market liquidity, well-informed sources told Business Recorder. Prime Minister's Adviser on Finance, Revenue

Updated 02 Sep, 2019 09:49am

Anti-smuggling drive begins today

Chairman Federal Board of Revenue (FBR) Shabbar Zaidi has said that the FBR's anti-smuggling campaign which will commence Monday (September 2) to disseminate the message 'Let us stop buying smuggled goods'. According to a tweet of Shabbar Zaidi here on Su

Updated 02 Sep, 2019 07:27am

Anti-smuggling drive begins today

Chairman Federal Board of Revenue (FBR) Shabbar Zaidi has said that the FBR's anti-smuggling campaign which will commence Monday (September 2) to disseminate the message 'Let us stop buying smuggled goods'. According to a tweet of Shabbar Zaidi here on Su

Published 02 Sep, 2019 12:00am

Exchange

MSF system to be implemented on PSX from today

The Murabaha Share Financing (MSF) system, a new product to finance the share purchase requirements in Sharia compliant companies, will be implemented on Pakistan Stock Exchange (PSX) from today (Monday). The Securities and Exchange Commission of Pakistan

Published 02 Sep, 2019 12:00am

Exchange

MSF system to be implemented on PSX from today

The Murabaha Share Financing (MSF) system, a new product to finance the share purchase requirements in Sharia compliant companies, will be implemented on Pakistan Stock Exchange (PSX) from today (Monday). The Securities and Exchange Commission of Pakistan

Published 02 Sep, 2019 12:00am

Exchange

Bourse tumbles down by 5.35 percent

Pakistan Stock Exchange remained under heavy pressure during the outgoing week ended on August 30, 2019 due to panic selling in almost all sectors due to investors' concerns over geopolitical and economic situation.

Published 02 Sep, 2019 12:00am

Exchange

Bourse tumbles down by 5.35 percent

Pakistan Stock Exchange remained under heavy pressure during the outgoing week ended on August 30, 2019 due to panic selling in almost all sectors due to investors' concerns over geopolitical and economic situation.

Published 02 Sep, 2019 12:00am

Exchange

Bourse tumbles down by 5.35 percent

Pakistan Stock Exchange remained under heavy pressure during the outgoing week ended on August 30, 2019 due to panic selling in almost all sectors due to investors'' concerns over geopolitical and economic situation.

Published 02 Sep, 2019 12:00am

Futures spread up by 1495bps

The futures spread increased by 1495bps to 8.06 percent on the last day of the outgoing week. Trading activities on the futures counter improved significantly as average daily volumes increased by 75.4 percent to 123.87 million shares as compared to previ

Published 02 Sep, 2019 12:00am

Futures spread up by 1495bps

The futures spread increased by 1495bps to 8.06 percent on the last day of the outgoing week. Trading activities on the futures counter improved significantly as average daily volumes increased by 75.4 percent to 123.87 million shares as compared to previ

Published 02 Sep, 2019 12:00am

Chinese team discusses preferential tariff on 313 Pakistani products

A seven-member Chinese delegation on Sunday visited the Rawalpindi Chamber of Commerce and Industry (RCCI) and held an informative and interactive session on preferential tariff by the Chinese government on 313 Pakistani products.

Published 02 Sep, 2019 12:00am

Over Rs 76 million released for Industries Division projects

The government has so far released Rs76.149 million for various ongoing and new projects of Industries and Production Division under the Public Sector Development Programme (PSDP) for the current fiscal year (2019-20).

Published 02 Sep, 2019 12:00am

India's action on IOK 'unacceptable: Sanders

US Senator and Democratic presidential candidate Bernie Sanders told a huge gathering of Muslims Saturday night that he was "deeply concerned" about the situation in THE Indian Occupied Kashmir Kashmir and urged the US government to "speak out boldly" in

Published 02 Sep, 2019 12:00am

Pakistan to provide consular access to Jadhav today

Pakistan would provide Indian spy Kulbhushan Jadhav consular access on Monday in accordance with local laws and international agreements, the Foreign Office said. According to Foreign Office Spokesperson Dr Mohammad Faisal, Jadhav "remains in Pakistan's c

Published 02 Sep, 2019 12:00am

Pakistan to provide consular access to Jadhav today

Pakistan would provide Indian spy Kulbhushan Jadhav consular access on Monday in accordance with local laws and international agreements, the Foreign Office said. According to Foreign Office Spokesperson Dr Mohammad Faisal, Jadhav "remains in Pakistan's c

Published 02 Sep, 2019 12:00am

US, Taliban near deal, fighting intensifies in north

US and Taliban negotiators are close to a deal that would open the way for peace in Afghanistan, a top US official said on Sunday, as the insurgents followed their weekend assault on the strategic centre of Kunduz by attacking a second northern city. Zalm

Published 02 Sep, 2019 12:00am

US, Taliban near deal, fighting intensifies in north

US and Taliban negotiators are close to a deal that would open the way for peace in Afghanistan, a top US official said on Sunday, as the insurgents followed their weekend assault on the strategic centre of Kunduz by attacking a second northern city. Zalm

Published 02 Sep, 2019 12:00am

Exchange

Different categories through online facility: around 31,000 foreign nationals apply for visas

Around 31,000 foreign nationals from 141 countries have so far applied for Pakistani visas in different categories through online visa facility introduced by the government in March this year to attract tourism and foreign investment. A senior official of

Published 02 Sep, 2019 12:00am

Exchange

Different categories through online facility: around 31,000 foreign nationals apply for visas

Around 31,000 foreign nationals from 141 countries have so far applied for Pakistani visas in different categories through online visa facility introduced by the government in March this year to attract tourism and foreign investment. A senior official of

Published 02 Sep, 2019 12:00am

Exchange

Different categories through online facility: around 31,000 foreign nationals apply for visas

Around 31,000 foreign nationals from 141 countries have so far applied for Pakistani visas in different categories through online visa facility introduced by the government in March this year to attract tourism and foreign investment. A senior official of

Published 02 Sep, 2019 12:00am

Flights cancelled after Hong Kong protesters target airport

More than a dozen flights were cancelled Sunday as thousands of 'pro-democracy' activists blocked routes to Hong Kong's airport, a day after protesters and police fought pitched battles in some of the worst violence seen in the city since unrest began thr

Published 02 Sep, 2019 12:00am

Flights cancelled after Hong Kong protesters target airport

More than a dozen flights were cancelled Sunday as thousands of 'pro-democracy' activists blocked routes to Hong Kong's airport, a day after protesters and police fought pitched battles in some of the worst violence seen in the city since unrest began thr

Published 02 Sep, 2019 12:00am

Over 100 killed in air strike on Yemen prison

More than 100 people are believed to have been killed in an air strike by the Saudi-led military coalition on a detention centre in Yemen, the International Committee of the Red Cross said Sunday. The coalition said it targeted a facility run by the Huthi

Published 02 Sep, 2019 12:00am

Over 100 killed in air strike on Yemen prison

More than 100 people are believed to have been killed in an air strike by the Saudi-led military coalition on a detention centre in Yemen, the International Committee of the Red Cross said Sunday. The coalition said it targeted a facility run by the Huthi

Published 02 Sep, 2019 12:00am

Germany asks Polish forgiveness 80 years after WWII outbreak

Germany's president asked for forgiveness for his country on Sunday for the suffering of the Polish people during World War Two as Poland marked 80 years since the Nazi German invasion that unleashed the deadliest conflict in human history. The ceremonies

Published 02 Sep, 2019 12:00am

Germany asks Polish forgiveness 80 years after WWII outbreak

Germany's president asked for forgiveness for his country on Sunday for the suffering of the Polish people during World War Two as Poland marked 80 years since the Nazi German invasion that unleashed the deadliest conflict in human history. The ceremonies

Published 02 Sep, 2019 12:00am

Changes in accountability laws: government may face resistance from opposition

Faced with lack of majority in the upper house of parliament to bring proposed changes in the National Accountability Bureau (NAB) laws, the Pakistan Tehreek-e-Insaf (PTI) government has the constitutional option to enact a presidential ordinance to intro

Published 02 Sep, 2019 12:00am

Changes in accountability laws: government may face resistance from opposition

Faced with lack of majority in the upper house of parliament to bring proposed changes in the National Accountability Bureau (NAB) laws, the Pakistan Tehreek-e-Insaf (PTI) government has the constitutional option to enact a presidential ordinance to intro

Published 02 Sep, 2019 12:00am

Texas shooting toll rises to 7

The death toll in a mass shooting that unfurled chaotically on highways in western Texas has risen to seven, local media reported Sunday, citing authorities. Police had said Saturday that five people died and 21 were wounded in the extended shootout on ro

Published 02 Sep, 2019 12:00am

Texas shooting toll rises to 7

The death toll in a mass shooting that unfurled chaotically on highways in western Texas has risen to seven, local media reported Sunday, citing authorities. Police had said Saturday that five people died and 21 were wounded in the extended shootout on ro

Published 02 Sep, 2019 12:00am

Currency

Crackdown on smuggled goods

Chairman Federal Board of Revenue (FBR), Shabbar Zaidi pledged to launch a crackdown against the sale of non-taxed imported goods (smuggled items) at retail outlets across the country from 1 September 2019 while addressing the twenty first convention of M

Updated 02 Sep, 2019 06:50am

The matter of a judge's transfer

In the present charged atmosphere any real or perceived procedural digression in legal cases the opposition politicians face is a recipe for inviting controversy. So it has been since the special anti-narcotics court judge hearing a bail petition of PML-N

Updated 02 Sep, 2019 06:50am

Exchange

Data mining

Data mining by governments is not unusual however Pakistani administrations, and to be more precise Pakistani finance ministers, have routinely engaged in this exercise - some considerably more than others.

Published 02 Sep, 2019 12:00am

Mute and deaf: voice of Ummah

Voice of America has been a great punching bag for monopolizing the narrative bandwidth. The tag "Super Power" has become a favourite bashing point for analysts and intellectuals especially in the less developed parts of the world. American designs to con

Published 02 Sep, 2019 12:00am

Exchange

Uncle Ho's minders: The protectors of Vietnam's embalmed leader

The task of safeguarding the embalmed corpse of Vietnam's revolutionary leader Ho Chi Minh is gruelling: carefully-selected riflemen work around the clock, watching over the communist nation's founding father who died 50 years ago Monday.

Published 02 Sep, 2019 12:00am

'Moving towards automation'

Business Recorder op-ed writer Farhat Ali in his latest contribution for this newspaper titled "Moving towards automation" has highlighted a very important subject that is indeed critical to creating an environment in which a slew of benefits could

Published 02 Sep, 2019 12:00am

Ghani lashes out at PTI government

Pakistan People's Party (PPP) leader and Sindh Minister for Information and Labour Saeed Ghani says that never in history it has happened that the case was tried in another province on the charges concerning Sindh and the accused are also being kept in a

Published 02 Sep, 2019 12:00am

Majalis, processions: Murad for foolproof security arrangements across Sindh

Sindh Chief Minister Syed Murad Ali Shah, in order to ensure foolproof security arrangements during Majalis and processions, has approved installation of extra CCTV cameras used during general elections and directed law enforcement agencies to deploy heav

Published 02 Sep, 2019 12:00am

System audit of withholding agents: FBR officers' skill development programme ends today

The five-day skill development program of FBR officers on system audit of withholding agents will be concluded on September 2, 2019 (today). Dr Aftab Imam, Chief Commissioner, said that the training covered the major aspects of the given curriculum. The t

Updated 02 Sep, 2019 07:48am

Prices of essential items show downward trend

A slight decrease in prices of important kitchen items, including vegetable, pulses, live chicken/meat, sugar, flour and others was witnessed in retail market, according to a survey carried out by Business Recorder here on Sunday.

Published 02 Sep, 2019 12:00am

SSGC joins nation in expressing solidarity with Kashmir

On the call of Prime Minister Imran Khan, SSGC joined government and private offices, educational institutions, corporate sector and law enforcement agencies in expressing its solidarity with the people of Kashmir going through their darkest hour.

Published 02 Sep, 2019 12:00am

First Pakistani businessman gets five-year work visa for China

A Pakistani businessman, along with three other foreigners, has been issued first-class working visa valid for five years by the administration of the city of Yiwu, located in the central part of east China's Zhejiang province.

Published 02 Sep, 2019 12:00am

SCCI polls campaign gaining momentum

The campaign for annual election of Sialkot Chamber of Commerce and Industry (SCCI) is now in full swing in this export oriented city and hub of cottage industry. The election of Corporate class will be held on September 4th while polling of Associate cla

Published 02 Sep, 2019 12:00am

Marriyum flays government's economic policies

Pakistan Muslim League-Nawaz (PML-N) spokesperson Marriyum Aurangzeb has criticized the economic policies of the incumbent government. She expressed her views through a video message on Sunday. She said the false tweets cannot make public fool.

Published 02 Sep, 2019 12:00am

Freedom of IOK: JI urges government to give clear road map

Tens of Thousands of Karachiites, including women and children, took to Sharae Faisal to express solidarity with Kashmiri brethren against the Indian oppression particularly New Delhi's move to withdraw the special status of Indian occupied Kashmir (IOK),

Published 02 Sep, 2019 12:00am

'Pakistan, Turkey share broad-based commonalties'

Sindh University Vice Chancellor Professor Dr Fateh Muhammad Burfat and Consul General of Turkey in Karachi Tolga Ucak have said that Pakistan and Turkey shared a wide range of commonalities in social, religious, economic, political, civil, academic and p

Published 02 Sep, 2019 12:00am

PGMI principal slams doctor's murder

Principal Post Graduate Medical Institute Professor Dr Sardar Mohammad Alfareed Zafar has strongly condemned the brutal murder of Dr Mubashar Farooq of Lahore General Hospital. He has expressed deep sense of grief and sorrow over this sad demise and praye

Published 02 Sep, 2019 12:00am

Firdous asks media to highlight India's acts of terrorism in Kashmir

Special Assistant to the Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan Sunday urged the print and electronic media to play its role in promoting the soft image of Pakistan and to effectively highlight the Kashmir cause and Indian st

Published 02 Sep, 2019 12:00am

Sikh heritage art exhibition at Governor House today

Pakistan's first ever "Sikh Heritage art exhibition" will take place today (Monday), at Governor House Lahore. Governor Punjab Ch Muhammad Sarwar along with Sikh Pilgrims from US, UK and Canada will inaugurate the exhibition. PTI Dubai member Imran Chaudh

Published 02 Sep, 2019 12:00am

PPP women legislators slam govt for victimising party leadership

Pakistan People's Party (PPP) women lawmakers have asked the government to stop victimization and step-motherly attitude with the party's leadership.

Published 02 Sep, 2019 12:00am

Exchange

Crucial milestone of economic stability achieved: FPCCI chief

Chairman Businessmen Panel for FPCCI, Mian Anjum Nisar has said that the most crucial milestone of economic stability has been achieved as the increase in foreign exchange reserves has created a 'buffer for absorbing any external financial shocks'.

Published 02 Sep, 2019 12:00am

MCC of PMBQ achieves August revenue target

Model Customs Collectorate (MCC) of Port Muhammad Bin Qasim (PMBQ), Karachi achieved its total revenue target for the month of August, 2019.

Updated 03 Sep, 2019 07:54am

Fresh spell of rain adds to Karachiites' miseries

Major part of Karachi faced power outage as fresh spell of monsoon rains again lashed various city neighbourhoods on Sunday. However, K-Electric said that power supply to strategic installations such as key water board pumping stations, airport and major

Published 02 Sep, 2019 12:00am

Three killed in rain-related incidents in Lahore

At least three people were killed and two others sustained injuries after a wall collapsed due to heavy rain in provincial capital on Sunday. According to Rescue 1122, the wall of a house collapsed in Bhaini Road, here. As a result, three people - Sajid (

Published 02 Sep, 2019 12:00am

Over 150,000 cops to guard 36,138 majalis during Muharram

Over 150,000 police officials including volunteers will provide security cover to 36,138 'Majalis' and 9,118 mourning processions in the provincial capital during the holy month of Muharram-ul-Haram, it emerged on Sunday.

Published 02 Sep, 2019 12:00am

One year performance: PTI government deposits gifts worth Rs 90 million into exchequer: minister

Provincial Information, Culture, Industries and Trade Minister Mian Aslam Iqbal has claimed that the incumbent Pakistan Tehreek-e-Insaf (PTI) government has deposited gifts amounting to Rs 90 million into national exchequer instead of taking them home.

Published 02 Sep, 2019 12:00am

Fawad responds to a 'group' on Twitter

Federal Minister for Science and Technology Fawad Chaudhry on Sunday strongly responded to a 'group' that has been calling for forgetting the dispute of Kashmir due to weak economy of the country.

Published 02 Sep, 2019 12:00am

Under the head of NHP: KP owes staggering Rs 410 billion to Wapda

The government of Khyber Pakhtunkhwa owes a huge amount of Rs 410 billion to Water and Power Development Authority (Wapda) in head of net hydel profit (NHP). This has been stated in a written reply to a question of a legislator of the KP Assembly. The amo

Published 02 Sep, 2019 12:00am

KP Provincial Assembly speaker vows to facilitate special people

Speaker of Khyber Pakhtunkhwa (KP) Provincial Assembly, Mushtaq Ahmad Ghani has said that the government is very keen to facilitate persons with disabilities. He said that the Directorate of Sports KP has been organising special games since the last 27 ye

Published 02 Sep, 2019 12:00am

QWP accuses PTI government of missing fiscal targets

Qaumi Watan Party (QWP) leader and former senior minister Sikandar Hayat Khan Sherpao said that keeping in view the economic statistics the Pakistan Tehreek-e-Insaf (PTI) government has miserably failed to meet the targets it had set a year ago. Sikandar

Published 02 Sep, 2019 12:00am

KP government, China sign MoU

The Khyber Pakhtunkhwa government has signed a Memorandum of Understanding (MoU) with the government of China to cooperate in different sectors. According to a spokesman of the provincial government, the MoU has been signed between provincial capital Pesh

Published 02 Sep, 2019 12:00am

Exchange

Appellate Bench upholds SECP order against telecom companies

An Appellate Bench of the Securities and Exchange Commission of Pakistan (SECP) has upheld an SECP order, issued against a telecom company, which imposed an aggregated fine of Rs 1,500,000 on the company/CEO and also directed company to stop payment of th

Published 02 Sep, 2019 12:00am

Suri raises Kashmir issue at South Asia SDGs speakers moot

Deputy speaker National Assembly Qasim Khan Suri while addressing the 4th South Asia SDGs speakers conference being held in Male, Maldives on Sunday raised the Kashmir issue and apprised the conference about the illegal and unconstitutional steps of India

Published 02 Sep, 2019 12:00am

Sehat Insaf Card issued in Okara

Provincial Minister for HR&MA Ijaz Alam Augustine on Sunday distributed Sehat Insaf Card in Okara along with DC Kiran Khan at DHQ Okara. Addressing the ceremony the Minister said that treatment, medicines and test facilities would be made available to the

Published 02 Sep, 2019 12:00am

CVS test: family blood screening initiated to prevent thalassaemia

To prevent thalassemia in the region, Hamza Foundation Welfare Hospital began blood screening, a test done in early pregnancy to detect inherited abnormalities in unborn offspring. The test is first of its kind in Khyber Pakhtunkhwa. So far 284 pregnant w

Published 02 Sep, 2019 12:00am

Cotton

WEEKLY COTTON REVIEW: trading volume remains low

Cotton crop affected by rain and trading volume remains low. The rate of cotton increased in Punjab. September is detrimental for cotton crop. Federal Board of Revenue Assures to collect 10 % sales tax directly from textile mills and imposition of 1% With

Published 02 Sep, 2019 12:00am

Cotton

WEEKLY COTTON REVIEW: trading volume remains low

Cotton crop affected by rain and trading volume remains low. The rate of cotton increased in Punjab. September is detrimental for cotton crop. Federal Board of Revenue Assures to collect 10 % sales tax directly from textile mills and imposition of 1% With

Published 02 Sep, 2019 12:00am

Exchange

'Most refineries should be shut down because they are too old and inefficient': An interview with Nadeem Babar - PM's Special Assistant on Petroleum

Nadeem Babar is a senior executive with extensive global experience in power generation, infrastructure finance and corporate finance. During his career, he has developed, financed and/or managed over 150 power plants of all commercially available technol

Published 02 Sep, 2019 12:00am

Exchange

'Most refineries should be shut down because they are too old and inefficient': An interview with Nadeem Babar - PM's Special Assistant on Petroleum

Nadeem Babar is a senior executive with extensive global experience in power generation, infrastructure finance and corporate finance. During his career, he has developed, financed and/or managed over 150 power plants of all commercially available technol

Published 02 Sep, 2019 12:00am

Impact of withdrawal of SRO 1125 and sales tax special procedure rules on related income tax provisions

PROLOGUE

Published 02 Sep, 2019 12:00am

Anti Merkel far-right AfD surges in east German state polls

Germany's far-right AfD party surged in elections in two ex-communist eastern states Sunday, reflecting anger over Chancellor Angela Merkel's migrant policy and a wealth gap 30 years after the Berlin Wall fell.

Published 02 Sep, 2019 12:00am

Singapore PM threatens online editor with libel

Singapore Prime Minister Lee Hsien Loong threatened Sunday the editor of an online publication with libel for repeating "false" allegations related to a bitter feud in the city-state's founding family. In a letter to Terry Xu, chief editor of The Online C

Published 02 Sep, 2019 12:00am

'Catastrophic' Dorian strikes Bahamas with full fury

Hurricane Dorian unleashed "catastrophic conditions" Sunday as it slammed into the northern Bahamas, lashing the low-lying island chain with devastating 185 mph (295 kph) winds, the most intense in its modern history. The monster Category 5 storm made lan

Published 02 Sep, 2019 12:00am

Six die in helicopter crash in Norway

All six people on board the civilian helicopter that crashed in northern Norway on Saturday afternoon have died, the police said on Sunday. There were five passengers from Norway, all in their early twenties, plus a Swedish pilot. One survivor found at th

Published 02 Sep, 2019 12:00am

Nine killed in Philippine air-ambulance crash

Nine people were killed when an air-ambulance plane crashed at a resort area near the Philippine capital on Sunday, sparking a fierce blaze and sending terrified locals fleeing, authorities said. Dramatic video on social media showed emergency vehicles ru

Published 02 Sep, 2019 12:00am

Iran unveils new reconnaissance, attack drone

Iran on Sunday unveiled a jet-propelled drone it said is capable of finding and attacking targets far from the country's borders with precision. Dubbed the "Kian", the unmanned aerial vehicle was designed, produced and tested by experts of the air defence

Published 02 Sep, 2019 12:00am

Fragile truce holds over northwest Syria

A fragile Russian-backed ceasefire was holding on Sunday in Syria's violence-plagued northwest, following months of heavy bombardment of the anti-regime bastion, a war monitor said. "Relative calm prevails" over the Idlib region, said Rami Abdel Rahman, t

Published 02 Sep, 2019 12:00am

Exchange

Israel, Hezbollah exchange fire after week of tensions

Israel and Hezbollah exchanged fire along the Lebanese border on Sunday after a week of rising tensions, but no casualties were reported following the brief flare-up and UN officials immediately urged restraint.

Published 02 Sep, 2019 12:00am

Journalist shot dead in northwest Honduras

A journalist was shot dead in northwest Honduras Saturday, the 79th killed since 2001 in the Central American country, according to a human rights group. Edgar Joel Aguilar, a correspondent for HCH TV was shot dead in the city of Copan around 200 kilomete

Published 02 Sep, 2019 12:00am

Dozens arrested after violent Papua riots

Dozens have been arrested over rioting in the capital of Indonesia's Papua region, police said Sunday, following nearly two weeks of mass protests in the easternmost territory of the Southeast Asian archipelago.

Published 02 Sep, 2019 12:00am

Exchange

France 'in multiple contacts' to avert Mideast escalation: ministry

France is engaged in "multiple contacts" aimed at averting an escalation of hostilities on Lebanon's southern border between the Shiite movement Hezbollah and the Israeli army, the French foreign ministry said Sunday.

Published 02 Sep, 2019 12:00am

Amazon basin fires keep surging

The number of fires in Brazil's Amazon basin is still on the rise, even though the government has banned burning, officials said Saturday.

Published 02 Sep, 2019 12:00am

Strong, deep quake strikes Pacific

A strong earthquake struck the Pacific Ocean between Fiji and Tonga early Monday, but there was no tsunami warning, the United States Geological Survey said. The quake, at a depth of 616 kilometres (382 miles), struck 30 kilometres northeast of Ndoi islan

Published 02 Sep, 2019 12:00am

Currency	Rate
USD PKR Interbank Selling / Jan 24	278.80
USD PKR Interbank Buying / Jan 24	278.60
USD to Japanese Yen / Jan 24	156
USD to Swiss Franc / Jan 24	0.91
Pound Sterling to USD / Jan 24	1.25
Euro to USD / Jan 24	1.05

Stock	Volume
S&P 500 / Jan 24	6,101.24
India Sensex / Jan 24	76,190.46
Tokyo Nikkei / Jan 24	39,931.98
Nasdaq / Jan 24	19,954.30
Hang Seng / Jan 24	20,066.19
FTSE 100 / Jan 24	8,502.35
Dow Jones / Jan 24	44,424.25
Germany DAX 30 / Jan 24	21,394.93

Item	Value
Crude Oil USD/Barrel / Jan 24	74.66
Karachi Cotton PKR/37.32 KG / Jan 24	18,485
Gold 10 Grams PKR / Jan 24	248,285
Gold Spot USD/Ounce / Jan 24	2,770.58
Cotton US¢/pound / Jan 24	67.61
Petrol/Litre / Jan 27	256.13

Stock	Price
Chenab Ltd (Pref) / Jan 27 Chenab Limited (Pref)(CLCPS)	3.90 ▲ 0.46 (13.37%)
Chenab Ltd / Jan 27 Chenab Limited(CHBL)	8.57 ▲ 1 (13.21%)
Cresent Jute / Jan 27 Crescent Jute Products Limited(CJPL)	5.60 ▲ 0.56 (11.11%)
Leather Up Ltd. / Jan 27 Leather Up Limited(LEUL)	36.70 ▲ 3.34 (10.01%)
At-Tahur Ltd. / Jan 27 At-Tahur Limited(PREMA)	25.85 ▲ 2.35 (10%)
Saritow Spinning / Jan 27 Saritow Spinning Mills Limited(SSML)	12.24 ▲ 1.11 (9.97%)
Calcorp Ltd / Jan 27 Calcorp Limited(CASH)	35.79 ▲ 3.24 (9.95%)
Bank Makramah / Jan 27 Bank Makramah Limited(BML)	3.60 ▲ 0.32 (9.76%)
Agritech Limited / Jan 27 Agritech Limited(AGL)	57.19 ▲ 4.93 (9.43%)

Stock	Price
National Silk / Jan 27 The National Silk & Rayon Mills Limited(NSRM)	50 ▼ -5.44 (-9.81%)
Hafiz Ltd. / Jan 27 Hafiz Limited(HAFL)	255 ▼ -26.68 (-9.47%)
Sui South Gas / Jan 27 Sui Southern Gas Company Limited(SSGC)	40.15 ▼ -3.77 (-8.58%)
Idrees Tex. / Jan 27 Idrees Textile Mills Limited(IDRT)	11.70 ▼ -0.95 (-7.51%)
Pak Gulf Leasing / Jan 27 Pak-Gulf Leasing Company Limited(PGLC)	19.33 ▼ -1.56 (-7.47%)
Pak. P.V.C. / Jan 27 Pakistan PVC Limited(PPVC)	10.61 ▼ -0.79 (-6.93%)
Shadab Textile / Jan 27 Shadab Textile Mills Limited(SHDT)	20.50 ▼ -1.5 (-6.82%)
First Elite Cap.Mod / Jan 27 First Elite Capital Modaraba(FECM)	6.20 ▼ -0.45 (-6.77%)
First Capital Equities / Jan 27 First Capital Equities Limited(FCEL)	5.15 ▼ -0.37 (-6.7%)

Stock	Volume
Cnergyico PK / Jan 27 Cnergyico PK Limited(CNERGY)	61,454,571 ▼ -0.14
Sui South Gas / Jan 27 Sui Southern Gas Company Limited(SSGC)	57,677,562 ▼ -3.77
WorldCall Telecom / Jan 27 Worldcall Telecom Limited(WTL)	33,767,457 ▼ -0.02
The Searle Co. / Jan 27 The Searle Company Limited(SEARL)	26,713,969 ▼ -1.59
Fauji Cement / Jan 27 Fauji Cement Company Limited(FCCL)	20,797,108 ▼ -0.86
Citi Pharma Ltd / Jan 27 Citi Pharma Ltd.(CPHL)	18,489,077 ▼ -2.28
Ghani Chem. Ind. / Jan 27 Ghani Chemical Industries Limited(GCIL)	17,202,553 ▲ 1.19
Waves Corporation / Jan 27 Waves Corporation Limited(WAVES)	16,079,475 ▲ 0.07
Maple Leaf Cement / Jan 27 Maple Leaf Cement Factory Limited(MLCF)	15,337,516 ▼ -0.39

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