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Print - 2019-09-17
Quaid-e-Azam Trophy match: Khyber Pakhtunkhwa in strong position

Quaid-e-Azam Trophy match: Khyber Pakhtunkhwa in strong position

Khyber Pakhtunkhwa were firmly in control of their four-day first-class Quaid-e-Azam Trophy match against Northern at the Abbottabad Cricket Stadium on Monday. Led by left-arm spinner Zohaib Khan and Test paceman Junaid Khan, Khyber Pakhtunkhwa bowlers se
Published 17 Sep, 2019 12:00am
Bangladesh axe Soumya in further T20 overhaul

Bangladesh axe Soumya in further T20 overhaul

Bangladesh Cricket Board (BCB) on Monday axed top-order batsman Soumya Sarkar and called up three uncapped players in a further shuffle of their squad for the ongoing tri-nation Twenty20 international at home.
Published 17 Sep, 2019 12:00am
Sindh Bar Council cricket tournament kicks off

Sindh Bar Council cricket tournament kicks off

The first ever cricket tournament organized by Sindh Bar Council will commence today with inaugural match played at Sports Complex, Qasimabad, Hyderabad. Eight teams from Karachi, Hyderabad, Mirpurkhas, Sukkur are participating in the maiden event aimed a
Published 17 Sep, 2019 12:00am
Dollar falls, oil-exporter currencies rise in Asia
Currency

Dollar falls, oil-exporter currencies rise in Asia

The dollar fell while safe havens and currencies of oil-producing countries rallied on Monday, following an attack on Saudi Arabian refining facilities that disrupted global oil supply and heightened Middle East tensions. Oil prices surged nearly a fifth
Published 17 Sep, 2019 12:00am
Early trade in New York: Dollar rises against basket of currencies

Early trade in New York: Dollar rises against basket of currencies

The dollar rose against a basket of currencies on Monday as US President Donald Trump's authorization of the use of an emergency crude stockpile in response to drone attacks on Saudi Arabian refining facilities cooled a surge in oil prices.
Published 17 Sep, 2019 12:00am
Oil-exporter currencies and safe havens gain in Europe

Oil-exporter currencies and safe havens gain in Europe

Currencies linked to the price of oil rose on Monday after an attack on Saudi Arabian refining facilities disrupted global oil supplies, while the Japanese yen and Swiss franc strengthened as nervous investors sought safety.
Published 17 Sep, 2019 12:00am
Oil surge draws tepid response from Latam oil-exporter currencies

Oil surge draws tepid response from Latam oil-exporter currencies

Currencies of major Latin American crude exporters barring the Colombian peso drew tepid response from a rally in oil prices on Monday, following an attack on Saudi Arabian refining facilities that cut more than 5% of the global oil supply.
Published 17 Sep, 2019 12:00am
Wide UK-EU rift over Brexit terms kicks sterling lower
Currency

Wide UK-EU rift over Brexit terms kicks sterling lower

The pound retreated further from last week's gains following a heated remarks by Luxembourg Prime Minister Xavier Bettel on Monday showing that the gap between the British and European Union positions on Brexit remained far apart.
Published 17 Sep, 2019 12:00am
Sri Lankan rupee down
Currency

Sri Lankan rupee down

Sri Lanka's rupee closed weaker on Monday, with continued foreign outflows from government securities, while equities ended slightly firmer for the second straight session.
Published 17 Sep, 2019 12:00am
South African rand slips

South African rand slips

South Africa's rand weakened on Monday, with global risk appetite dented by a weekend attack on Saudi Arabian refining facilities that hit global oil supplies and saw prices spike.
Published 17 Sep, 2019 12:00am
Taiwan cuts ties with Solomon Islands after China switch

Taiwan cuts ties with Solomon Islands after China switch

Taiwan severed ties with the Solomon Islands on Monday after learning the Pacific nation was switching diplomatic recognition to China, as Taipei accused Beijing of using "dollar diplomacy" to buy off its few remaining allies.
Published 17 Sep, 2019 12:00am
Almost 80,000 homes still without power a week after Japan typhoon

Almost 80,000 homes still without power a week after Japan typhoon

Almost 80,000 homes are still without power a week after a powerful typhoon battered eastern Japan, authorities said Monday, with sustained heavy rain prompting evacuation orders and hampering recovery efforts. Typhoon Faxai powered into the Tokyo region
Published 17 Sep, 2019 12:00am
Russia offers Saudi missile defences after attack

Russia offers Saudi missile defences after attack

Russian President Vladimir Putin offered to sell Saudi Arabia its missile defence systems on Monday in the wake of the weekend attack on its oil facilities. "We are ready to help Saudi Arabia so that she can protect her territory. "She can do so in the sa
Published 17 Sep, 2019 12:00am
Erdogan hosts Putin, Rouhani for Syria summit

Erdogan hosts Putin, Rouhani for Syria summit

Turkish President Recep Tayyip Erdogan hosted his Russian and Iranian counterparts on Monday for their latest summit on Syria, vowing to work together to prevent further humanitarian crisis in the last rebel-held bastion of Idlib.
Published 17 Sep, 2019 12:00am
Hungary rejects EU criticism of breaching bloc's values

Hungary rejects EU criticism of breaching bloc's values

Hungary fiercely rejected Monday accusations from the European Union that it was breaching EU values and the rule of law, in its first hearing before the bloc's European affairs ministers.
Published 17 Sep, 2019 12:00am
US service member killed in action in Afghanistan

US service member killed in action in Afghanistan

An American service member was killed in Afghanistan, the US-led NATO mission said Monday, the latest US fatality as talks between Washington and the Taliban have crumbled.
Published 17 Sep, 2019 12:00am
No cheating: Frenchwoman was world's oldest person

No cheating: Frenchwoman was world's oldest person

Frenchwoman Jeanne Calment, who died two decades ago aged 122, should retain the title of the oldest person on record, French researchers said Monday, rejecting claims of fraud.
Published 17 Sep, 2019 12:00am
No breakthrough in Brexit talks as Johnson dodges reporters

No breakthrough in Brexit talks as Johnson dodges reporters

British Prime Minister Boris Johnson failed to convince EU leaders on Monday he has a serious plan for a Brexit deal, then ducked out of a planned news conference under a chorus of abuse from protesters.
Published 17 Sep, 2019 12:00am
PIA post-Hajj operation concludes

PIA post-Hajj operation concludes

PIA Post-Hajj Operation of bringing back more than 82,000 Hujjaj from Saudi Arabia completed successfully with on time arrivals in Pakistan. This year PIA carried more than 82,000 hujjaj which was 25 percent more than previous year. PIA operated 290 Hajj
Published 17 Sep, 2019 12:00am
Turkish journalists visit ISPR

Turkish journalists visit ISPR

A group of Turkish journalists visited Inter-Services Public Relations (ISPR) on Monday. The delegation was briefed about Pakistan-India February stand off, situation along LoC/Working Boundary and human rights violations in under siege Indian Occupied Ja
Published 17 Sep, 2019 12:00am
Weekly SPI inflation increase 0.76 percent

Weekly SPI inflation increase 0.76 percent

The Sensitive Price Index (SPI) based inflation for combined income groups has witnessed an increase of 0.76 percent during the week ended on September 12, 2019 against September 5, 2019 as it jumped to 125.25 points against 124.30 points, said data relea
Published 17 Sep, 2019 12:00am
Bestway Cement Limited
Currency

Bestway Cement Limited

Bestway Cement Limited (PSX: BWCL) is a market leader in the cement industry, not only in terms of capacity but also in terms of sales. In FY18, the company had 18.6 percent share in the market, which dropped slightly to 18.1 percent in FY19 but still com
Updated 18 Sep, 2019 05:57am
Bestway Cement Limited
Mutual Funds

Bestway Cement Limited

Bestway Cement Limited (PSX: BWCL) is a market leader in the cement industry, not only in terms of capacity but also in terms of sales. In FY18, the company had 18.6 percent share in the market, which dropped slightly to 18.1 percent in FY19 but still com
Published 17 Sep, 2019 12:00am
Buzdar directs crackdown against illegal profiteering

Buzdar directs crackdown against illegal profiteering

Issuing directions to the Punjab Cabinet Committee for Price Control for initiating crackdown against illegal profiteering, Punjab Chief Minister Sardar Usman Buzdar on Monday said that artificial increase in the prices of pulses, vegetables and fruits wi
Published 17 Sep, 2019 12:00am
Punjab government introduces Workers Welfare Fund Bill 2019

Punjab government introduces Workers Welfare Fund Bill 2019

The government on Monday laid Punjab Aab-e-Pak Authority (Amendment 2019), The Rawalpindi Women University (Rawalpindi Ordinance) and introduced The Punjab Workers Welfare Fund Bill 2019 in Punjab Assembly. Earlier, the Opposition members in Punjab assemb
Published 17 Sep, 2019 12:00am
OPPO declared number one selling smart phone in Pakistan

OPPO declared number one selling smart phone in Pakistan

The impact of recent devaluation of the rupee was seen on the smart phone market, as the sale of smart phone declined by 400,000 units in recent months, said OPPO Director Marketing Ali Kakvi. "The devaluation made import of these devises expensive, but O
Updated 17 Sep, 2019 10:51am
CRTO, Lesco join hands under tax broadening drive

CRTO, Lesco join hands under tax broadening drive

The Corporate Regional Tax Office (CRTO) and Lahore Electric Supply Company (Lesco) have joined hands under the tax broadening drive of Federal Board of Revenue (FBR). A unique exercise of issuing notices to both industrial and commercial consumers, warni
Published 17 Sep, 2019 12:00am
PAD warns cotton growers
Cotton

PAD warns cotton growers

The Punjab Agriculture Department (PAD) warning the cotton growers has asked them to take timely measures for controlling mealy bug as attack of the pest has been observed in some areas of the province. Spokesman of the department said that if this bug is
Published 17 Sep, 2019 12:00am
LDA promulgates Building and Zoning Regulations 2019

LDA promulgates Building and Zoning Regulations 2019

To encourage vertical growth in the provincial capital and simultaneously check vertical growth of the city, the Lahore Development Authority (LDA) has introduced LDA Building and Zoning Regulations 2019.
Published 17 Sep, 2019 12:00am
Razak terms rising exports as good sign for economy
Exchange

Razak terms rising exports as good sign for economy

Advisor to Prime Minister for Commerce, Textile, Industry, Production and Investment Abdul Razak Dawood has said that increase in value added products is a good sign. Fourteen per cent rise in export and 18 per cent fall in imports in July 2019 over July
Published 17 Sep, 2019 12:00am
NTU, Uzbekistan NIET varsity sign MoU
Exchange

NTU, Uzbekistan NIET varsity sign MoU

The National Textile University (NTU) on Monday inked a Memorandum of Understanding (MoU) with NIET University, Uzbekistan, for exchange of faculty and students of both the universities. Prof Dr Tanvir Hussain, Rector NTU Faisalabad, and Senator Odiljon M
Published 17 Sep, 2019 12:00am
Partly Facetious : Star-studded Muzaffarabad jalsa

Partly Facetious : Star-studded Muzaffarabad jalsa

"I have one suggestion for one person who participated in the star-studded jalsa in Muzaffarabad - the jalsa convened to express solidarity with the Kashmiris in India."
Updated 19 Sep, 2019 09:42am
Non-resident envoys present credentials to president

Non-resident envoys present credentials to president

Non-resident ambassadors and high commissioners-designate of New Zealand, Cyprus, Venezuela, Croatia and Ghana on Monday presented their credentials to President Dr Arif Alvi in a ceremony at the Aiwan-e-Sadr.
Published 17 Sep, 2019 12:00am
Khasadar, Levies Act 2019 rejected

Khasadar, Levies Act 2019 rejected

The former Khasadar and Levies forces personnel categorically rejected the Khasadar, Levies Act 2019 recently promulgated by provincial assembly of Khyber Pakhtunkhwa and announced they will launch a protest movement against the legislation.
Published 17 Sep, 2019 12:00am
SC grants bail to PTM leader Mehsud

SC grants bail to PTM leader Mehsud

The Supreme Court on Monday granted bail to a founding member of the Pashtun Tahaffuz Movement (PTM), Alamzeb Mehsud. A three-judge bench headed by Justice Maqbool Baqar, granted bail to Mehsud against a surety bond of Rs 500,000.
Published 17 Sep, 2019 12:00am
34 agencies, federating units tasked to implement Ehsaas Programme

34 agencies, federating units tasked to implement Ehsaas Programme

The federal government has tasked its 34 agencies and all federating units to implement Ehsaas Programme which, the Pakistan Tehreek-e-Insaf (PTI) government claims, is the largest social safety initiative in the history of Pakistan and aims to bring 10 m
Published 17 Sep, 2019 12:00am
Marginalized women: Innovative model launched

Marginalized women: Innovative model launched

"Improving access to quality family planning services and accelerating efforts to ensure balanced population growth is critical to taking Pakistan forward and achieving the goals of development." This was stated by Dr Sania Nishtar, Special Assistant to t
Published 17 Sep, 2019 12:00am
Bilour predicts victory of BF in SCCI election

Bilour predicts victory of BF in SCCI election

Leader of Businessman Forum and former senator Ilyas Ahmad Bilour on Monday said that all candidates of Businessman Forum will win SCCI Annual Election 2019-20 with huge margin due to its good performance and opposition will face humiliating defeat as maj
Published 17 Sep, 2019 12:00am
Mango exports may touch 120,000 tonnes: BMP

Mango exports may touch 120,000 tonnes: BMP

Secretary General (Federal) of the Businessmen Panel (BMP) and former Chairman on Horticulture Exports FPCCI, Ch Ahmad Jawad said that Pakistani mango crossed the export volume of 100,000 tonnes after the span of eight years and it is expected that export
Published 17 Sep, 2019 12:00am
FBR counter at ITCN Asia 2019

FBR counter at ITCN Asia 2019

Federal Board of Revenue (FBR) is going to establish its information booth at 19th edition of ITCN Asia, being organized at Karachi Expo centre. On the request of IT ministry for facilitating participants and visitors, the FBR information booth is being s
Updated 18 Sep, 2019 10:46am
RTO-II revenue collection up 30 percent in August

RTO-II revenue collection up 30 percent in August

Regional Tax Office (RTO)-II has witnessed 30 percent growth in overall revenue collection during the tax period of August 2019 as compared to last corresponding month.
Updated 18 Sep, 2019 10:39am
Fire destroys millions of rupees tyres

Fire destroys millions of rupees tyres

A huge fire erupted at General Tyre Company's godown in Landhi area on Monday, turning goods worth of millions into ashes. However, no injury or loss of life reported.
Updated 17 Sep, 2019 09:07am
Soyem of Swaleh Naqvi held

Soyem of Swaleh Naqvi held

The Soyem of Sayaid Mohammad Swaleh Naqvi, ex-President of former BCCI and founder member and co-chairman of Infaq Foundation, who passed away on 7th September 2019, was held here on Sunday.
Published 17 Sep, 2019 12:00am
Chinese CG calls on Governor Sindh

Chinese CG calls on Governor Sindh

Governor Sindh Imran Ismail said that he was raising Kashmir issue at each international level to ensure end of curfew imposed in the valley. Talking to outgoing Chinese Consul General Wang Yu who called on him at the Governor House, he said that he also
Published 17 Sep, 2019 12:00am
Pakistan tracks down two Indian spies involved in terror activities

Pakistan tracks down two Indian spies involved in terror activities

Pakistan on Monday identified two more Indian spies actively involved in terrorist activities in Balochistan. According to details, both of the spies, namely Swami Asemanand and Goband Part, sneaked into Pakistan from Iran The two were involved in a crimi
Published 17 Sep, 2019 12:00am
Kashmir issue is above politics: Firdous
Currency

Kashmir issue is above politics: Firdous

Special Assistant to Prime Minister on Information and Broadcasting, Dr Firdous Ashiq Awan Monday said the Kashmir issue is above politics as there is complete unanimity of views of the nation on this vital issue.
Published 17 Sep, 2019 12:00am
SNGPL GM transferred

SNGPL GM transferred

Sui Northern Gas Pipelines (SNGPL) general manager, Saqib Arbab was transferred as GM Coordination in Islamabad after serving for the longest tenure in Peshawar. Saqib Arbab was posted GM in Peshawar in July 2013 after he was transferred from the head off
Published 17 Sep, 2019 12:00am
AC releases Khaqan on parole to attend funeral prayer

AC releases Khaqan on parole to attend funeral prayer

The Accountability Court hearing the liquefied natural gas (LNG) case on Monday ordered to release former Prime Minister Shahid Khaqan Abbasi on parole to attend the funeral prayer of his uncle.
Published 17 Sep, 2019 12:00am
Government may set up three benches to hear cases of Benami deals

Government may set up three benches to hear cases of Benami deals

The government is likely to establish three benches to hear cases of Benami transactions under Benami Transaction (Prohibition) Act 2017, sources close to the Prime Minister's Advisor on Finance and Revenue told Business Recorder.
Published 17 Sep, 2019 12:00am
Kashmiri', Palestinian peoples' struggle: Pakistan lauds OIC CFM metting

Kashmiri', Palestinian peoples' struggle: Pakistan lauds OIC CFM metting

Pakistan appraised the extraordinary meeting of the OIC Council of Foreign Ministers (CFM) of the similar nature of freedom struggles of Palestinian and Kashmiri people who have been subjected to collective punishment and state-sanctioned terror, Foreign
Published 17 Sep, 2019 12:00am
Over Rs 9 billion to be spent for gas supply in KP districts
Exchange

Over Rs 9 billion to be spent for gas supply in KP districts

The federal government has reportedly decided to spend over Rs 9 billion for gas supply to curb gas theft in KP's gas producing districts, almost to be equally shared by SNGPL and the provincial government, sources close to Prime Minister's Special Assist
Published 17 Sep, 2019 12:00am
President in parliament

President in parliament

The primary role of the president is to preserve, protect and defend the constitution and the law of the country. The president is bound by the constitution to act on the advice of the prime minister and cabinet as long as the advice is not violating the
Updated 17 Sep, 2019 08:51am
Staring into the abyss

Staring into the abyss

The people of Pakistan are at their wit's end after one year of Imran Khan's Pakistan Tehreek-i-Insaaf (PTI) government. Inconsistent and contradictory economic policies have rendered industry and trade in free fall, unemployment is rising (including the
Updated 17 Sep, 2019 08:12am
Surging external debt
Exchange

Surging external debt

The total external debt and liabilities of Pakistan have risen to above $ 106 billion by the end of 2018-19. There was an increase of $11.1 billion during the year. However, this was somewhat smaller than the rise in the level of external debt and liabili
Updated 17 Sep, 2019 07:12am
Unrest in Ghotki

Unrest in Ghotki

In today's circumstances nothing could be more damaging to Pakistan's Kashmir cause than the violence caused by a mob against the Hindu community in upper Sindh, Ghotki on Sunday. Properties worth millions of rupees were attacked and several shops belongi
Updated 17 Sep, 2019 07:05am
In defence of economic policies
Exchange

In defence of economic policies

Advisor to the Prime Minister on Finance, Hafeez Sheikh, flanked by the Chairman Federal Board of Revenue Shabbar Zaidi and Secretary Finance Naveed Kamran Baloch reiterated platitudes yet again in defence of the agreement reached with the International M
Updated 17 Sep, 2019 06:47am
Kartarpur corridor opening on November 9

Kartarpur corridor opening on November 9

A corridor for Indian Sikh pilgrims travelling to a holy temple in Pakistan will open in November, in time for one of the religion's most sacred festivals. The visa-free border crossing from India to Kartarpur, Pakistan will be inaugurated on Nov 9, just
Published 17 Sep, 2019 12:00am
Kartarpur corridor opening on November 9

Kartarpur corridor opening on November 9

A corridor for Indian Sikh pilgrims travelling to a holy temple in Pakistan will open in November, in time for one of the religion's most sacred festivals. The visa-free border crossing from India to Kartarpur, Pakistan will be inaugurated on Nov 9, just
Published 17 Sep, 2019 12:00am
Local car assemblers: How clean is a clean chit?

Local car assemblers: How clean is a clean chit?

Ministry of Law and Justice has given a clean chit to local car assemblers with respect to charging of on money (premium), sources close to Secretary Industries and Production told Business Recorder.
Published 17 Sep, 2019 12:00am
Local car assemblers: How clean is a clean chit?

Local car assemblers: How clean is a clean chit?

Ministry of Law and Justice has given a clean chit to local car assemblers with respect to charging of on money (premium), sources close to Secretary Industries and Production told Business Recorder.
Published 17 Sep, 2019 12:00am
e-filing of tax returns: SRB extends last date to 27th

e-filing of tax returns: SRB extends last date to 27th

Sindh Revenue Board (SRB) has extended the last date of e-filing of tax returns by September 27, 2019. According to details, the SRB by the provisions of section 81 of the Sindh Sales Tax on Services Act 2011 and with a view to facilitate the registered p
Published 17 Sep, 2019 12:00am
e-filing of tax returns: SRB extends last date to 27th

e-filing of tax returns: SRB extends last date to 27th

Sindh Revenue Board (SRB) has extended the last date of e-filing of tax returns by September 27, 2019. According to details, the SRB by the provisions of section 81 of the Sindh Sales Tax on Services Act 2011 and with a view to facilitate the registered p
Updated 18 Sep, 2019 10:35am
No deal, no compromise with the corrupt, reiterates PM

No deal, no compromise with the corrupt, reiterates PM

Pakistan Tehreek-e-Insaf (PTI) leader Dr Babar Awan Monday called on Prime Minister Imran Khan at the premier's office, and the two deliberated on legal, constitutional and political affairs, country's present situation and international relations.
Published 17 Sep, 2019 12:00am
No deal, no compromise with the corrupt, reiterates PM

No deal, no compromise with the corrupt, reiterates PM

Pakistan Tehreek-e-Insaf (PTI) leader Dr Babar Awan Monday called on Prime Minister Imran Khan at the premier's office, and the two deliberated on legal, constitutional and political affairs, country's present situation and international relations.
Published 17 Sep, 2019 12:00am
Russia starts massive military drills

Russia starts massive military drills

Russia on Monday started massive military exercises involving 128,000 troops and the militaries of several allies, including India and China. The Center-2019 drills will last through Saturday in the Urals, Siberia and the Caspian Sea. They will also inclu
Published 17 Sep, 2019 12:00am
Russia starts massive military drills

Russia starts massive military drills

Russia on Monday started massive military exercises involving 128,000 troops and the militaries of several allies, including India and China. The Center-2019 drills will last through Saturday in the Urals, Siberia and the Caspian Sea. They will also inclu
Updated 17 Sep, 2019 09:19am
Date for ST & FED returns extended

Date for ST & FED returns extended

Federal Board of Revenue (FBR) has extended the date for submission of Sales Tax & Federal Excise Returns for the tax period of August, 2019, which was due on September 18, 2019, is hereby extended up to September 20, 2019. The FBR has issued instructions
Published 17 Sep, 2019 12:00am
Date for ST & FED returns extended

Date for ST & FED returns extended

Federal Board of Revenue (FBR) has extended the date for submission of Sales Tax & Federal Excise Returns for the tax period of August, 2019, which was due on September 18, 2019, is hereby extended up to September 20, 2019. The FBR has issued instructions
Updated 18 Sep, 2019 10:30am
Sindh CM summoned by NAB

Sindh CM summoned by NAB

The National Accountability Bureau's (NAB) Kar-achi chapter summoned Sindh Chief Minister Syed Murad Ali Shah in case pertaining to fake accounts on Tuesday. The Sindh CM has been summoned over the Joint Investigation Team's (JIT) report into the fake acc
Published 17 Sep, 2019 12:00am
Sindh CM summoned by NAB

Sindh CM summoned by NAB

The National Accountability Bureau's (NAB) Kar-achi chapter summoned Sindh Chief Minister Syed Murad Ali Shah in case pertaining to fake accounts on Tuesday. The Sindh CM has been summoned over the Joint Investigation Team's (JIT) report into the fake acc
Updated 17 Sep, 2019 09:11am
Import of 7,354 items: FBR unveils new UoM for tax assessment

Import of 7,354 items: FBR unveils new UoM for tax assessment

Importers/ clearing agents and shipping agents are required to furnish invoices/documents/ information in accordance with the new standard units of quantity/measurement (UoM) on the import of 7,354 items/goods notified by the Federal Board of Revenue (FBR
Published 17 Sep, 2019 12:00am
Import of 7,354 items: FBR unveils new UoM for tax assessment

Import of 7,354 items: FBR unveils new UoM for tax assessment

Importers/ clearing agents and shipping agents are required to furnish invoices/documents/ information in accordance with the new standard units of quantity/measurement (UoM) on the import of 7,354 items/goods notified by the Federal Board of Revenue (FBR
Updated 18 Sep, 2019 10:26am
SBP holds rates, says recent hikes enough to tame inflation
Exchange

SBP holds rates, says recent hikes enough to tame inflation

The Monetary Policy Committee of the State Bank of Pakistan (SBP) has decided to keep the policy rate unchanged at 13.25 percent for next two months as the current stance of monetary policy is appropriate to bring inflation down. The decision was taken at
Published 17 Sep, 2019 12:00am
SBP holds rates, says recent hikes enough to tame inflation
Exchange

SBP holds rates, says recent hikes enough to tame inflation

The Monetary Policy Committee of the State Bank of Pakistan (SBP) has decided to keep the policy rate unchanged at 13.25 percent for next two months as the current stance of monetary policy is appropriate to bring inflation down. The decision was taken at
Published 17 Sep, 2019 12:00am
Speculations rife on the eve of IMF team's arrival

Speculations rife on the eve of IMF team's arrival

There were intense speculations in the federal capital whether the visit of International Monetary Fund (IMF) team is a routine visit or it is owing to disparity between the data used to reach an agreement with the Fund and consolidated data of fiscal yea
Published 17 Sep, 2019 12:00am
Speculations rife on the eve of IMF team's arrival

Speculations rife on the eve of IMF team's arrival

There were intense speculations in the federal capital whether the visit of International Monetary Fund (IMF) team is a routine visit or it is owing to disparity between the data used to reach an agreement with the Fund and consolidated data of fiscal yea
Published 17 Sep, 2019 12:00am
Dozens arrested for ransacking Hindu temple

Dozens arrested for ransacking Hindu temple

Officials want to charge dozens of rioters who ransacked a Hindu temple over the weekend with blasphemy, police said Monday. The crackdown comes a day after a mob took to the streets in Ghotki and vandalised a Hindu temple. "We have registered blasphemy c
Published 17 Sep, 2019 12:00am
Dozens arrested for ransacking Hindu temple

Dozens arrested for ransacking Hindu temple

Officials want to charge dozens of rioters who ransacked a Hindu temple over the weekend with blasphemy, police said Monday. The crackdown comes a day after a mob took to the streets in Ghotki and vandalised a Hindu temple. "We have registered blasphemy c
Published 17 Sep, 2019 12:00am
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