News Archives for Print - 2019-09-07

Print - 2019-09-07

Ethiopia invites public to visit infamous torture facility

Ethiopia on Friday invited members of the public to tour a notorious detention facility where high-profile political prisoners once endured abusive interrogations, weeks of solitary confinement and other forms of torture. The opening of the facility - kno

Published 07 Sep, 2019 12:00am

Provinces, CCP asked to check profiteering, price hike

Two days after the government faced severe criticism by a parliamentary panel over increase in prices of essential commodities hurting the common man, a meeting of National Price Monitoring Committee (NPMC) on Friday asked provinces and Competition Commis

Published 07 Sep, 2019 12:00am

CPEC manifestation of stronger Pak-China economic ties: Hafeez

Adviser to the Prime Minister on Finance & Revenue, Dr Abdul Hafeez Shaikh has said that China-Pakistan Economic Corridor (CPEC) is one of central focus of present government as it is a special manifestation of our close economic relations with China. He

Published 07 Sep, 2019 12:00am

CPEC manifestation of stronger Pak-China economic ties: Hafeez

Published 07 Sep, 2019 12:00am

Two Palestinians killed by Israeli fire

Two Palestinians were killed by Israeli fire in renewed clashes along the Gaza border Friday, the health ministry in the Hamas-run enclave said. Ali al-Ashqar, 17, was shot in the neck by Israeli fire along the border fence east of Jabalia in northern Gaz

Published 07 Sep, 2019 12:00am

Two Palestinians killed by Israeli fire

Published 07 Sep, 2019 12:00am

Mugabe dies

Robert Mugabe, the former guerrilla hero turned despot who ruled Zimbabwe for 37 years until the military forced him out, has died aged 95, the country's president announced Friday. First heralded as a liberator who rid the former British colony Rhodesia

Published 07 Sep, 2019 12:00am

Mugabe dies

Published 07 Sep, 2019 12:00am

Mission Head to WTO: PM approves name of Dr Mujtaba

Prime Minister Imran Khan has approved the name of Dr Mujtaba Paracha, an officer of Pakistan Administrative Service (PAS) as Pakistan's Mission Head to World Trade Organization (WTO), well informed sources told Business Recorder. This position fel

Published 07 Sep, 2019 12:00am

Mission Head to WTO: PM approves name of Dr Mujtaba

Published 07 Sep, 2019 12:00am

Senate panel told: Rs 300 billion-350 billion needed for K-IV and other Karachi projects

Minister for Planning, Development and Reform Khusro Bakhtyar Friday informed the Senate Standing Committee on Planning, Development and Reform that Rs 300-350 billion are required for K-IV water supply and others projects to address the issues of water,

Published 07 Sep, 2019 12:00am

Senate panel told: Rs 300 billion-350 billion needed for K-IV and other Karachi projects

Published 07 Sep, 2019 12:00am

Exchange

IMF technical mission due after Ashura

An International Monetary Fund (IMF) team will conduct a staff visit to Pakistan on 16 September, so confirmed Teresa Daban Sanchez, Resident Representative of the Fund in Pakistan. This visit may be seen in the context of the IMF programme monitoring arr

Updated 07 Sep, 2019 06:38am

Brexit conundrum

Britain's House of Lords yesterday gave final approval to a law that would force Boris Johnson, who seems to have run out of road before he completes even first two months of his premiership, to delay Brexit. This development constitutes a fresh setback f

Updated 07 Sep, 2019 06:38am

Future of renewable energy in Pakistan

Power Division is reported to have finalised the draft Renewable Energy Policy 2019 to be presented to the Federal Cabinet for approval, envisaging 25 percent of total generation capacity from Alternative and Renewable Energy Technologies (ARET) by 2025 a

Published 07 Sep, 2019 12:00am

Exchange

Infrastructure

So we do not like Keynes anymore. Honestly speaking, Keynes probably was right when he argued that in times of depression the Government needs to stimulate demand, even if it needs to borrow to increase government spending. That is exactly what the West d

Published 07 Sep, 2019 12:00am

Mutual Funds

Years of forex market calm sends currency funds to the wall

The Chinese yuan's tumble is stirring hopes of a long-awaited volatility boost for forex markets but any rise will be too late for the currency funds that have shut down this year, and it may be too small to hold out much hope for those that remain. Curre

Published 07 Sep, 2019 12:00am

'Managing growth with stabilisation'

Dr Omer Javed in his latest contribution for this newspaper titled "Managing growth with stabilisation" has offered a workable suggestion to the incumbent government. According to him, the PM and the economic team should try to renegotiate the IMF program

Published 07 Sep, 2019 12:00am

President summons joint session on September 12

President Dr Arif Alvi has summoned both the Houses of the Parliament on Thursday (September 12) to address lawmakers at the start of new parliamentary year. The President also summoned the session of the National Assembly on Friday (September 13). Every

Published 07 Sep, 2019 12:00am

Defence Day marked across KP, merged tribal districts

Likewise other parts of the country, the Defence Day was observed on Friday with patriotic spirit, zeal and national enthusiasm across Khyber Pakhtunkhwa and merged tribal districts. To pay homage to the martyrs and ghazis of 1965 war, traders, civil soci

Published 07 Sep, 2019 12:00am

Hajj 2019: SA cancels licences of two Makatib over poor arrangements

Saudi Arabia has cancelled the licenses of two Makatib that hosted Pakistani pilgrims where the accommodation arrangements were found to be highly unsatisfactory during the recent Hajj 2019 and it has assured Pakistan to cancel the licenses of four more M

Published 07 Sep, 2019 12:00am

Law to ban corporal punishment in schools in the offing: minister

In order to put an end to corporal punishments, Provincial Minister for School Education Murad Raas has pledged to introduce laws in the provincial assembly that would require teachers to obtain a license just like doctors.

Published 07 Sep, 2019 12:00am

People throng graveyard of Indian tanks

Indian forces dreamt to capture major cities of Pakistan and suddenly attacked on Pakistan to give practical shape to its dream in September 1965 and used maximum strength of air and ground forces for the purpose. Sialkot district was attacked by Indian a

Published 07 Sep, 2019 12:00am

Restoration of membership: ANP chief rejects Afridi's appeal

ANP president Asfandyar Wali Khan has rejected the appeal filed by Abdul Latif Afridi to restore the latter's party membership. Responding to the appeal, Asfandyar Wali Khan said Abdul Latif Afridi has confessed in plea that the provincial president Aimal

Published 07 Sep, 2019 12:00am

Hot and humid weather forecast for Karachi

The city on Friday witnessed another sizzling weather, as temperature recorded at 36 degrees Celsius with 65 percent humidity, the Met Office said. It said that Karachi is likely to see a humid and hot weather on Saturday (today) as well with temperature

Published 07 Sep, 2019 12:00am

Murad vows to help resolve city's water, sanitation issues

Sindh Chief Minister Syed Murad Ali Shah has said that he was committed to resolve water and sanitation issues of the city by taking some drastic steps. This he said while presiding over a meeting of Karachi water board here at CM House. The meeting was a

Published 07 Sep, 2019 12:00am

Mini-budget to ruin economy, says KCCI's acting chief

The business and industrial community of Karachi hope that the PTI government would review its existing policies and strategies which have miserably failed to provide any relief neither to the business & industrial community nor to common man. The PTI gov

Published 07 Sep, 2019 12:00am

Fake murder charges: SHC orders release of man jailed on mistaken identity

Sindh High Court (SHC) on Friday ordered to release a man imprisoned in jail under fake murder charges. Abdullah Shar, resident of District Ghotki Sindh was imprisoned in murder cases in place of the wanted culprit under false identity.Bench was informed

Published 07 Sep, 2019 12:00am

PML-N leader pays tributes to martyrs

Leader of the Opposition in the National Assembly and the PML-N President Shahbaz Sharif on Friday visited the residence of martyred Pakistan Army soldier Lance Naik Muhammad Taimoor Aslam and paid tributes to him for his sacrifice for the motherland. Sha

Published 07 Sep, 2019 12:00am

Exporters raise Kashmir issue at Hong Kong trade fair

Pakistani exporters raised the issue of Kashmir at the Hong Kong International trade exhibition "Asia Fruit Logistica" on continued serious human violations by India in Kashmir. Exporters expressed solidarity and reaffirmed their support to the people of

Published 07 Sep, 2019 12:00am

KMC observes Defence Day as Kashmir Solidarity Day

Karachi Mayor Wasim Akhtar on Friday said the city council and 30 million Karachiites stand shoulder to shoulder with Pak Army on the defence of country and solidarity with Kashmir. He was speaking at an event held in the Karachi Metropolitan Commissioner

Published 07 Sep, 2019 12:00am

Centres policy to develop Karachi in the offing: Zaidi

Federal Minister for Maritime Affairs Syed Ali Hyder Zaidi told that the federal government is preparing a comprehensive policy for the development of Karachi and the first phase of cleaning drains has been completed while garbage will be lifted in the se

Published 07 Sep, 2019 12:00am

Hilal-e-Istiqlal flag hoisting ceremony

Defence day of Pakistan was celebrated with national spirit and usual enthusiasm in Sialkot, Daska, Pasrur and Sambrial Tehsils of Sialkot district on Friday. The daylong programmes were started with special prayers for the unity, prosperity and solidarit

Published 07 Sep, 2019 12:00am

'Latest irrigation system may help growers'

Additional Secretary Agriculture (Planning) Ubaid Ullah has said that latest irrigation system can help the growers to timely provide water and fertilizer to its crop according to the need while in conventional method it is not possible. This is why the p

Published 07 Sep, 2019 12:00am

IFA 2019 in Berlin LG & Studio Fuksas to present Infinity next month

To give due credit to the importance of design in the creation and evolution of LG SIGNATURE, LG and international architectural firm Studio Fuksas have teamed up to present Infinity at next month's IFA 2019 in Berlin. The Infinity installation in LG's st

Published 07 Sep, 2019 12:00am

MCC East witnesses 65 percent decline in revenue collection

Model Customs Collectorate (MCC), Appraisement East has witnessed 65 percent decline in overall revenue collection made in Aug 2019 as compared to last corresponding month. The department has collected Rs 894 million on account of customs duty in Aug 2019

Published 07 Sep, 2019 12:00am

Nation stands united with Kashmiris: Saeed Ghani

The whole nation of country stands with the Armed Forces, Police and we are united to express solidarity with Martyrs, Ghazis on this Defence Day celebrated as Kashmir Solidarity Day to extend support to the Shuhada and Kashmiris. Saeed Ghani said that ou

Published 07 Sep, 2019 12:00am

KU observes Defence Day as Kashmir Solidarity Day

The University of Karachi (KU) on Friday paid rich tributes to the civilian and armed forces martyrs, who sacrificed their valuable lives, to protect the motherland and also expressed solidarity with the people of Kashmir. A special seminar was arranged t

Published 07 Sep, 2019 12:00am

Three burnt alive in road mishap

At least three persons were burnt alive and several other were wounded when a van collided with an oil tanker in Quetta on late Thursday night. According to details, the accident occurred at the Saryab Road in Quetta when a van hit an oil tanker. Fire bro

Published 07 Sep, 2019 12:00am

Islamabad Police conduct flag march

Islamabad Police Friday conducted flag march with an aim to maintain peace and tranquility in the city during Muharram-ul-Haram. On the orders of Inspector General of Police Islamabad, Muhammad Aamir Zulfiqar Khan, DIG (Operations) Waqar Uddin Syed prepar

Published 07 Sep, 2019 12:00am

NBP launches tree plantation drive at BZU Multan

Further to Prime Minister of Pakistan's vision of a "Clean and Green Pakistan", National Bank of Pakistan (NBP) has taken this drive to South Punjab as part of its resolve to support the same and reiterate the Corporate Social Responsibility. National Ban

Published 07 Sep, 2019 12:00am

Genocidal actions of the Modi government: parliamentary panel urges world to take notice

A parliamentary body Friday described the latest Indian steps in occupied Jammu and Kashmir as 'genocide' of Kashmiri people and urged the international community to take immediate notice of the 'genocidal' actions of the Modi government. The National Ass

Published 07 Sep, 2019 12:00am

UET VC satisfied over security steps in hostels

The Vice Chancellor, University of Engineering and Technology, Peshawar, Professor Dr Iftikhar Hussain on Friday expressed satisfaction over security measures with insulation of CCTVs and introducing bio-metric system to ensure security and completing the

Published 07 Sep, 2019 12:00am

Nepra holds KE responsible for 19 deaths

National Electric Power Regulatory Authority (Nepra) has held K-Electric responsible for at least 19 deaths due to electrocution and breakdown in power supply during recent torrential rains. A four-member team of Nepra visited Karachi which has submitted

Published 07 Sep, 2019 12:00am

Solidarity with Kashmiris Rally held to mark Defence Day

The people from different walks of life staged a rally here on Friday to commemorate the Defense Day and to express solidarity with the people of Indian-occupied Kashmir (IOK) against the Indian atrocities. A number of people gathered at D-Chowk holding P

Published 07 Sep, 2019 12:00am

Eight pupils killed as truck hits rickshaw in Zafarwal

At least eight students including rickshaw driver were killed and three others critical injured when a truck loaded with gravel overturned and falls on a rickshaw near Shakerghar road Zafarwal tehsil of Narowal district on early Friday morning. According

Published 07 Sep, 2019 12:00am

Removal of name from ECL: IHC turns down Raja Ashraf's petition

Islamabad High Court (IHC) Friday turned down former prime minister Raja Pervez Ashraf's petition seeking removal of his name from the Exit Control List (ECL). A division bench of IHC comprising Chief Justice Athar Minallah and Justice Mohsin Akhtar Kayan

Published 07 Sep, 2019 12:00am

Spread of fake news Facebook, Twitter cooperating 'very little' with authorities: FIA

The social media giants Facebook and Twitter were cooperating very little with Pakistani authorities against spread of fake news on social media through unverified accounts and this cooperation witnessed further low level after August 5 when India revoked

Published 07 Sep, 2019 12:00am

S Asia can't have peace without resolving Kashmir issue: Firdous

Special Assistant to the Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan on Friday said the dream of permanent peace in South Asia could not be achieved without resolving the Kashmir issue in accordance with the United Nations Securit

Published 07 Sep, 2019 12:00am

NAB to file corruption reference against Sharjeel, others

The National Accountability Bureau (NAB) on Friday decided to file a corruption reference against former information minister Sindh Sharjeel Inam Memon on the allegations of having assets beyond known sources of income, besides initiating corruption inqui

Published 07 Sep, 2019 12:00am

Exchange

Fake account case: AC extends physical remand of SECP director for 7 days

The accountability court hearing multibillion rupees fake bank accounts case on Friday extended physical remand of a director of Securities and Exchange Commission of Pakistan (SECP) for seven days in Park Lane reference filed against former president Asi

Published 07 Sep, 2019 12:00am

Cotton

Monsoon rains killed 235, destroyed 675 houses across country: NDMA

The ongoing floods triggered by monsoon rains have killed at least 235 people, injured 169 and destroyed 675 houses across the country, National Disaster Management Authority (NDMA) said.

Published 07 Sep, 2019 12:00am

US midday: gold falls

Gold fell 1% on Friday as upbeat remarks from Federal Reserve Chair Jerome Powell and improved risk appetite offset a weaker-than-expected US nonfarm payrolls report, putting bullion on track for a second straight weekly loss. The US Labour Department's m

Published 07 Sep, 2019 12:00am

US MIDDAY: corn hits contract lows

US corn futures fell to life-of-contract lows on Friday, pressured by disappointing weekly US export data and forecasts for benign weather in the heart of the Midwest crop belt, analysts said. Wheat futures followed corn lower and soyabeans turned down, r

Published 07 Sep, 2019 12:00am

Gold rises in Europe

Gold turned positive on Friday, after falling as much as 1% earlier, as a weaker-than-expected US nonfarm payrolls report weighed on the dollar and increased appetite for safe-haven bullion, putting it on course for a weekly gain. Spot gold was up 0.1% to

Published 07 Sep, 2019 12:00am

Gold slips in Asia

Gold prices remained under pressure on Friday, as robust US data encouraged a return to riskier assets and hit demand for safe-haven bullion, also sending platinum down 3%. Spot gold was down 0.6% to $1,509.41 per ounce as of 0709 GMT, after shedding 1% t

Published 07 Sep, 2019 12:00am

Currency

Robusta coffee recovers from nine-year low

Robusta coffee on ICE recovered on Friday but remained close to the previous session's nine-year low as sellers in Vietnam finally fixed prices after months of delay. November robusta coffee rose $13, or 1%, to $1,285 per tonne by 1330 GMT, after hitting

Published 07 Sep, 2019 12:00am

Exchange

Palm oil reverses losses to rise

Malaysian palm oil futures pared most of early losses and rose on Friday ahead of a government data release, as polls forecast inventory levels in August falling to an over one-year low. The market was down in earlier trade weighed by weakness in overnigh

Published 07 Sep, 2019 12:00am

Oil jumps after Fed says it will act to sustain US growth

Oil prices rose above $61 a barrel on Friday after the head of the US Federal Reserve said the central bank will act "as appropriate" to sustain an economic expansion in the world's biggest economy that has been pressured by uncertainty over global trade.

Published 07 Sep, 2019 12:00am

Exchange

Copper falls despite China boost lending

Copper failed to respond positively on Friday to China boosting bank lending because the trade dispute between the biggest metals consumer and the United States still weighed on the market. China's central bank said it was cutting the amount of cash that

Published 07 Sep, 2019 12:00am

Cotton

Cotton falls as mixed export sales fails to lift demand woes

ICE cotton futures fell nearly 1% on Friday, hurt by uninspiring export sales data and as investors used small gains to sell the natural fiber, which has been hit by lack of demand. Cotton contracts for December settled down 0.54 cent, or 0.91 %, at 58.58

Published 07 Sep, 2019 12:00am

Pompeo presses Europeans after Iran curbs N-promises

US Secretary of State Mike Pompeo on Friday pressed European nations to stop Iran's "extortion" after Tehran again reduced its commitments under a nuclear deal in response to US sanctions. "We are confident that the UK, France and Germany - indeed, all ci

Published 07 Sep, 2019 12:00am

Ex N Korea prisoner says he was CIA spy: German media

A former prisoner in North Korea has told German media that he used to spy for the CIA, seeking out nuclear secrets and taking pictures with a concealed wristwatch camera. In a TV report by public broadcaster NDR, South Korean-born US citizen Kim Dong-chu

Published 07 Sep, 2019 12:00am

US states launch antitrust probe of Facebook

A coalition of US states announced Friday an antitrust investigation of Facebook, in the first of what is expected to be a wave of action against dominant technology firms. New York state Attorney General Letitia James released a statement announcing the

Published 07 Sep, 2019 12:00am

Merkel in Beijing says HK freedoms must be 'guaranteed'

German Chancellor Angela Merkel said Friday the rights and freedoms of people in Hong Kong "must be guaranteed" after meeting with Chinese Premier Li Keqiang in Beijing. Hong Kong has been plunged into months of pro-democracy protests, and ahead of her th

Published 07 Sep, 2019 12:00am

HK protesters reject leader's concession with new rallies

Thousands of Hong Kongers held rallies on Friday night, rejecting calls by the city's pro-Beijing leader to end their movement as the finance hub braces for another weekend of clashes, including a plan to disrupt the airport.

Published 07 Sep, 2019 12:00am

Russian election chief attacked ahead of polls

The head of Russia's central election committee was attacked at night by a masked assailant who climbed into her house and hit her with a taser, Russian police said Friday. The attack on 65-year-old Ella Pamfilova, at around 1:30 am (Thursday 2330 GMT) ca

Published 07 Sep, 2019 12:00am

Daraz launches EMI service

Daraz, Pakistan's leading online marketplace, has launched 'Easy Monthly Installments' (EMI) service for all HBL, Bank Alfalah and Silk Bank credit card customers. EMI is a service that allows customers to purchase items through a deferred payment plan us

Published 07 Sep, 2019 12:00am

Indian shares up

Indian shares rose for a third straight session on Friday, in line with gains in broader Asia, as US-China trade tensions eased, with IT firm Tech Mahindra Ltd leading gains after scoring a deal with US telecoms firm AT&T Inc. The broader NSE index was up

Published 07 Sep, 2019 12:00am

Exchange

Asian shares see heavy foreign sell-off in August

Foreigners turned net sellers of Asian equities in August as sentiment worsened with the United States and China, after a brief truce, announcing new tariffs on each other. Overseas investors sold about $11.2 billion worth of regional equities last month,

Published 07 Sep, 2019 12:00am

Exchange

What trade fears? Wall Street is back in rally mode

US stocks surged on Thursday on expectations of a de-escalation in trade tensions after Washington and Beijing agreed to hold high-level talks next month, while strong US economic data eased fears of a domestic slowdown. After anxiety about a deepening tr

Published 07 Sep, 2019 12:00am

Friday's early trade: Wall Street ekes out gains

US stocks edged higher on Friday as China's stimulus plan helped ease some concerns around global growth, while investors digested underwhelming jobs data that capped a week of mixed economic signals. China's central bank said it would slash the amount of

Published 07 Sep, 2019 12:00am

Japan shares climb

Japanese shares hit a fresh one-month high on Friday as better-than-expected US economic data and news of scheduled trade talks between the United States and China bolstered appetite for global stocks. The benchmark Nikkei average gained 0.54% to 21,199.5

Published 07 Sep, 2019 12:00am

Australian shares climb, New Zealand at record high

Australian shares had a solid rise on Friday, contributing to the market's third straight weekly gain, fuelled by hopes for reduced tensions after Washington and Beijing agreed to hold high-level trade talks next month. The S&P/ASX 200 index advanced 0.5%

Published 07 Sep, 2019 12:00am

Qanoon-e-Shahadat Order, 1984: Time of death can be independently visualised, declared by court, SC holds

The Supreme Court has held that probable time of death within seven year period under Qanoon-e-Shahadat Order, 1984 can be independently visualised and declared by a court of law keeping in view the circumstances in which a person in a particular case wen

Published 07 Sep, 2019 12:00am

Defence Day observed at LUMHS

Liaquat University of Medical and Health Sciences, Jamshoro observed the Defense Day of Pakistan as 'Kashmir Solidarity Day' on 6th Sep at Latif hall LUMHS Jamshoro, participated by a large number of students, faculty members, and the officials of the uni

Published 07 Sep, 2019 12:00am

CM expresses solidarity with families of martyrs

The Punjab Chief Minister Sardar Usman Buzdar on Friday visited the residence of Lance Naik Muhammad Taimur Aslam at Pir Colony in Walton who embraced martyrdom due to unprovoked firing of the Indian army at LoC, and met with his father, maternal grandfat

Published 07 Sep, 2019 12:00am

Mayor directs KMC to repair routes of Muharram processions around Nishter Park

Mayor Karachi Wasim Akhtar said that the work on repairing of roads and filling of trenches around the Nishter Park and Soldier Bazaar have been initiated and will soon be completed.

Published 07 Sep, 2019 12:00am

IOK situation: Sanjrani briefs Saudi delegation

Chairman Senate Muhammad Sadiq Sanjrani has said that recent volatile situation in the Indian Occupied Kashmir (IOK) requires a joint and sagacious response from Muslim Ummah as the Indian government under the leadership of Narendra Modi is involved in cr

Published 07 Sep, 2019 12:00am

Instant cross border home remittances: FBL to partner with Ripple

Faysal Bank Limited (FBL) continues to introduce digitally enabled solutions for its customers through partnering with Ripple, a globally recognized company for fast, secure and convenient cross border payments service. This agreement which was signed rec

Published 07 Sep, 2019 12:00am

ZTBL celebrates Defence Day

"Zarai Taraqiati Bank Limited (ZTBL) celebrated Defence Day as Kashmir solidarity day at Head Office, Islamabad under the directives of government of Pakistan. All employees of the ZTBL including senior management, officers, clerical/ non-clerical and oth

Published 07 Sep, 2019 12:00am

Smeda to be made more effective: Raise in exports amounting to Rs 5 billion likely: PM told

Prime Minister Imran Khan has directed the Ministry of Commerce to ensure effective coordination between the federal and provincial governments for promotion of small and medium enterprises. While chairing a meeting of his economic team here Friday, a rep

Published 07 Sep, 2019 12:00am

Exchange

FMPAC urges govt to revisit decision on GIDC ordinance

The Fertilizer industry has urged the federal government to revisit its decision of withdrawing the GIDC related ordinance and claimed that Fertilizer sector would end up bearing a huge loss of Rs 4 billion, as the impact of gas price increase has not bee

Published 07 Sep, 2019 12:00am

Defence Day, Kashmir Hour observed in Faisalabad

The Defence Day and Kashmir Hour were observed throughout the Faisalabad Division with new zeal and national spirit to pay homage to the martyrs and ghazis of Pakistan and to express solidarity with the Kashmir brethrens.

Published 07 Sep, 2019 12:00am

CBOT wheat futures higher

Chicago Board of Trade wheat futures closed higher on Thursday, extending a recovery from this week's three-month low, supported by short-covering and worries about dry conditions stressing crops in Australia, traders said. CBOT December soft red winter w

Published 07 Sep, 2019 12:00am

Message from Chief of Army Staff

Pakistan is passing through a defining moment of its history. Forces inimical to our peace and solidarity have gravely destabilized our region which calls for greater vigilance on the part of nation in general and Armed Forces in particular. Pakistan Army

Published 07 Sep, 2019 12:00am

Message from Chairman Joint Chiefs of Staff Committee

The Defence Day of Pakistan reminds us of the unwavering resolve and matchless sacrifices of our gallant men to defend the motherland against any aggression. The 6th of September is a significant landmark in the history of our country as on this day, the

Published 07 Sep, 2019 12:00am

Message from Federal Minister for Defence

6th of September is a milestone in the annals of our history. It reminds us of the indomitable courage and unprecedented sacrifices rendered by our Armed Forces for the defence of the sacred frontiers of this Motherland. We hold in great esteem the braver

Published 07 Sep, 2019 12:00am

Message from Prime Minister Islamic Republic of Pakistan

6 September, the Defence day of Pakistan, stands out in the history of Pakistan as a symbol of enduring display of unity, indomitable courage and unmatched sacrifices by our gallant soldiers who, on this day, years ago, proved to the world that the countr

Published 07 Sep, 2019 12:00am

Message from President Islamic Republic of Pakistan

September 6 dawns every year with remembrance of national spirit and for renewal of our resolve to lay down our lives for our beloved motherland. 54 years ago, our valiant Armed Forces, standing shoulder-to-shoulder with the nation, immortalized this day

Published 07 Sep, 2019 12:00am

Activities of Port Qasim

A cargo volume of 164,771 tonnes comprising 140,127 tonnes of import cargo and 24,644 tonnes of export cargo including 3,574 loaded and empty containers (TEUs) was handled at Port Qasim during the last 24 hours on Friday. The total import cargo of 140,127

Published 07 Sep, 2019 12:00am

Exchange

PMEX daily trading report

On Thursday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,204. The traded value of Metals, Energy and COTS/FX was recorded at 13.628 billion and the numbers of lots traded were 12,509.

Published 07 Sep, 2019 12:00am

Exchange

US natural gas futures fall from 7-week high

US natural gas futures fell almost 2% from a seven-week high on Thursday following the release of a bigger than expected weekly storage build and a projected decline in the amount of gas flowing to liquefied natural gas (LNG) export plants. The US Energy

Published 07 Sep, 2019 12:00am

EU wheat steady as traders eye Saudi tender

Euronext wheat edged higher on Thursday in keeping with a firm trend in Chicago as futures recovered from contract lows this week, while traders awaited the outcome of a Saudi tender as a test of export competition. Benchmark December milling wheat on Par

Published 07 Sep, 2019 12:00am

Jordan tenders for 120,000 tonnes of wheat

Jordan's state grains buyer has issued an international tender to purchase 120,000 tonnes of hard milling wheat which can be sourced from optional origins, European traders said on Thursday. The tender closes on Sept. 10, they said. Jordan has struggled t

Published 07 Sep, 2019 12:00am

Cotton

Cotton market: Steady trend on slow business

Firmness prevailed on the cotton market on Friday as prices maintained overnight levels in the process of modest trading activity, dealers said. The official spot rate was unchanged at Rs 8100, they added. In ready session, over 4000 bales of cotton chang

Published 07 Sep, 2019 12:00am

CBOT soyabean futures lower

Chicago Board of Trade soyabean futures closed lower on Thursday on technical selling and worries about uncertain demand for US supplies, given the trade war with China and prospects for large South American crops, traders said. CBOT November soyabeans se

Published 07 Sep, 2019 12:00am

Exchange

China's iron ore futures rise

China's iron ore futures extended gains for the sixth straight session on Thursday, as the government pledged to implement monetary and fiscal policies to refuel the slowing economy. China's cabinet, the State Council, chaired by Premier Li Keqiang, said

Published 07 Sep, 2019 12:00am

Treasury yields rise on trade hopes

Treasury yields were higher on Thursday following news that the United States and China had agreed to hold trade talks in October and ahead of US employment data for August and remarks from Federal Reserve Chair Jerome Powell, both on Friday. Across matur

Published 07 Sep, 2019 12:00am

Asia's naphtha crack rises to two-week high

Asia's naphtha crack rose for a fourth day to reach an almost two-week high of $19 a tonne on Thursday, supported by demand for second-half October cargoes although the value was 80.6% lower than a year ago due to excess supplies. Buyers in the market thi

Published 07 Sep, 2019 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 13	281.73
USD PKR Interbank Buying / May 13	281.53
USD to Japanese Yen / May 13	147.90
USD to Swiss Franc / May 13	0.84
Pound Sterling to USD / May 13	1.32
Euro to USD / May 13	1.11
UK LIBOR % / May 12	4.96

Stock	Volume
S&P 500 / May 12	5,844.19
Nasdaq / May 12	18,708.34
Dow Jones / May 12	42,410.10
India Sensex / May 13	81,726.97
Tokyo Nikkei / May 13	38,305.85
Hang Seng / May 13	23,188.20
FTSE 100 / May 13	8,606.55
Germany DAX 30 / May 13	23,595.02
France CAC40 / May 13	7,859.80

Item	Value
Karachi Cotton PKR/37.32 KG / May 12	16,985
Gold 10 Grams PKR / May 12	291,923
Crude Oil USD/Barrel / May 13	61.90
Gold Spot USD/Ounce / May 13	3,253.26
Cotton US¢/pound / May 13	66.85
Petrol/Litre / May 14	252.63
Diesel/Litre / May 14	256.64

Gainers
Losers
Leaders

Stock	Price
Grays Leasing / May 13 Grays Leasing Limited(GRYL)	4.51 ▲ 0.72 (19%)
TPL Trakker Ltd / May 13 TPL Trakker Limited(TPLT)	6.59 ▲ 1 (17.89%)
Al-Shaheer Corp / May 13 Al Shaheer Corporation Limited(ASC)	6.88 ▲ 1 (17.01%)
B. F. Mod. / May 13 B.F. Modaraba(BFMOD)	8.34 ▲ 1 (13.62%)
Burj Clean Energy Modaraba / May 13 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.11 ▲ 1 (12.33%)
Mahanna Islamic Index / May 13 Mahanna Islamic Index Traded Fund(MIIETF)	15.47 ▲ 1.65 (11.94%)
Haseeb Waqas / May 13 Haseeb Waqas Sugar Mills Limited(HWQS)	9.59 ▲ 1 (11.64%)
Gulshan Sp. / May 13 Gulshan Spinning Mills Limited(GSPM)	3.40 ▲ 0.35 (11.48%)
Ghazi Fabrics / May 13 Ghazi Fabrics International Limited(GFIL)	10.17 ▲ 1 (10.91%)
PIA Holding Co.Ltd / May 13 PIA Holding Company Limited(PIAHCLA)	14.80 ▲ 1.35 (10.04%)

Stock	Price
Power Cem(Pref) / May 13 Power Cement (Pref)(POWERPS)	15.35 ▼ -1.71 (-10.02%)
Bilal Fibres / May 13 Bilal Fibres Limited(BILF)	19.59 ▼ -2.18 (-10.01%)
TPL Life Insur. / May 13 TPL Life Insurance Limited(TPLL)	46.80 ▼ -5.2 (-10%)
Din Tex. / May 13 Din Textile Mills Limited(DINT)	45 ▼ -4.99 (-9.98%)
Mughal Energy / May 13 Mughal Energy Limited(GEM)(GEMMEL)	19.90 ▼ -2.12 (-9.63%)
Suhail Jute / May 13 Suhail Jute Mills Limited(SUHJ)	78.36 ▼ -8.24 (-9.52%)
First Punjab Modaraba / May 13 First Punjab Modaraba(FPJM)	2.77 ▼ -0.28 (-9.18%)
Parmount Sp. / May 13 Paramount Spinning Mills Limited(PASM)	3.36 ▼ -0.31 (-8.45%)
First AL-Noor Mod. / May 13 First Al-Noor Modaraba(FANM)	2.95 ▼ -0.25 (-7.81%)
First IBL Mod. / May 13 First IBL Modaraba(FIBLM)	3 ▼ -0.24 (-7.41%)

Stock	Volume
WorldCall Telecom / May 13 Worldcall Telecom Limited(WTL)	41,734,903 ▼ -0.06
Maple Leaf Cement / May 13 Maple Leaf Cement Factory Limited(MLCF)	41,052,877 ▲ 6.27
Sui South Gas / May 13 Sui Southern Gas Company Limited(SSGC)	35,773,773 ▲ 2.33
Oil & Gas Dev. / May 13 Oil & Gas Development Company Limited(OGDC)	30,912,153 ▲ 15.65
B.O.Punjab / May 13 The Bank of Punjab(BOP)	24,175,098 ▼ -0.16
Cnergyico PK / May 13 Cnergyico PK Limited(CNERGY)	24,174,880 ▼ -0.09
K-Electric Ltd. / May 13 K-Electric Limited(KEL)	23,803,446 ▼ -0.22
At-Tahur Ltd. / May 13 At-Tahur Limited(PREMA)	21,754,749 ▼ -3.25
Fauji Cement / May 13 Fauji Cement Company Limited(FCCL)	20,681,855 ▲ 1.82
D.G.K.Cement / May 13 D.G. Khan Cement Company Limited(DGKC)	19,785,523 ▲ 10.35

Markets →

Budget 2024-25: income tax calculator for FY25

Most Popular