News Archives for Print - 2019-09-27

UK PM loses fresh vote as tensions rise

British Prime Minister Boris Johnson suffered yet another setback on Thursday after MPs rejected a request to briefly suspend business for his party's conference, highlighting the hostility he faces in parliament just weeks before Brexit.

Published 27 Sep, 2019 12:00am

Exchange

An interview with Governor State Bank of Pakistan

Dr. Reza Baqir was appointed as the Governor SBP on May 04, 2019 for a period of 3 years. He has eighteen years of experience with the IMF and two years with the World Bank. He was the Head of the IMF's Office in Egypt and Senior Resident Representative s

Published 27 Sep, 2019 12:00am

Exchange

An interview with Governor State Bank of Pakistan

Dr. Reza Baqir was appointed as the Governor SBP on May 04, 2019 for a period of 3 years. He has eighteen years of experience with the IMF and two years with the World Bank. He was the Head of the IMF's Office in Egypt and Senior Resident Representative s

Published 27 Sep, 2019 12:00am

'Trumpian triumphalism'

This is apropos a Business Recorder editorial "Trumpian triumphalism" carried by the newspaper on Thursday. The newspaper has concluded its argument by saying that "President Trump's speech did not lay the foundation for any shift in his ideological commi

Updated 30 Sep, 2019 07:36am

Exchange

For Ukraine's leader, Trump memo on their call is a diplomatic car crash

For US President Donald Trump, White House publication on Wednesday of a memo summarising his call with Ukrainian President Volodymyr Zelenskiy fuelled a domestic political crisis. For Zelenskiy, it was a far-reaching diplomatic disaster. Zelenskiy's comm

Updated 27 Sep, 2019 08:32am

Exchange

Micromanagement of exports - I

a) a strong and dynamic institution collecting, analyzing and forecasting trade data at the 4-8 digit level on real time basis; b) an effective and real time consultations and consensus building with relevant stake holders; and c) institutional coordinati

Updated 27 Sep, 2019 04:09pm

Currency

Law prevails over rules!

The concept of delegated or secondary legislation is not extraordinary. The parliaments from where emanate various statutes, cannot be expected to work out the detailed application of the general principles embodied in the acts for their enforcement, ther

Updated 27 Sep, 2019 07:48am

Boris Johnson rebuffed

British Prime Minister (PM) Boris Johnson's prorogation of parliament has been struck down by the Supreme Court (SC) as unlawful, void, and of no effect since it frustrated and prevented parliament from carrying out its constitutional functions without an

Updated 27 Sep, 2019 08:07am

Exchange

Jump in foreign financial inflows

External financial inflows during the current year so far have shown a tremendous growth. According to the latest information released by the Economic Affairs Division (EAD) of the government of Pakistan, foreign inflows stood at dollar 1.62 billion (Rs 2

Updated 27 Sep, 2019 08:08am

Exchange

Capital Market Committee submits report to SECP

The Capital Markets Committee constituted by the Securities and Exchange Commission of Pakistan (SECP), submitted its report to the regulator. The Committee which was formed earlier this month comprised of representatives of the stockbrokers, mutual fund

Published 27 Sep, 2019 12:00am

Sindh Assembly task force to introduce legislation on SDGs

A Sindh Assembly Members Task Force on Sustainable Development Goals (SDGs) on Thursday announced to introduce legislation that shall ensure all the companies and development projects working in Sindh to replicate the sustainable human development model b

Published 27 Sep, 2019 12:00am

'Civic agencies needed to be reformed to overcome municipal issues'

The civic agencies are needed to be reformed to overcome municipal issues - sewerage, water and garbage, said Urban Planner Arif Hasan on Thursday. Arif Hasan spoke to the members of the Pakistan Institute of International Affairs (PIIA) on Fatehyab's Cit

Published 27 Sep, 2019 12:00am

Social security law in the offing: Ghani

Sindh Minister for Information & Archives and Labor, Saeed Ghani Thursday said that the labor department was in the process of drafting legislation in accordance with our slogan "Social Security for Everyone."

Published 27 Sep, 2019 12:00am

Solar panels worth Rs 12 million removed from QICT on forged documents

An auction cargo containing 695 pieces of solar panels worth Rs12 million has been removed from Qasim International Container Terminal (QICT) on fake documents.

Published 27 Sep, 2019 12:00am

Residential area: Action to be taken against buffaloes enclosures: minister

Provincial Minister for Human Settlements Ghulam Murtaza Baloch has said that the role of buffalo enclosures in the spread of garbage and dirt cannot be ignored and action will be taken against these buffaloes enclosures, situated in residential areas.

Published 27 Sep, 2019 12:00am

FO condemns Indian media's propaganda

Foreign Office on Thursday expressed disappointment over Indian media's negative propaganda against Pakistan with regard to its efforts to implement its obligations under the UN sanctions regimes.

Published 27 Sep, 2019 12:00am

Exchange

IT trading system: PSX BoD approves execution of contract with SZSE

The board of directors of Pakistan Stock Exchange (PSX) has approved the execution of contract with Shenzhen Stock Exchange (SZSE) for acquisition of 'IT Trading and Surveillance System' at an approximate cost of $2.88 million payable to SZSE excluding re

Published 27 Sep, 2019 12:00am

Shallow tremor rocks quake-hit area of Mirpur

A shallow tremor Thursday sent terrified residents of northeastern parts onto the streets, days after a powerful quake killed 38 people and caused widespread damage in the area. The tremor stretched already-frayed nerves in Mirpur, in Azad Kashmir, as fea

Published 27 Sep, 2019 12:00am

Repatriation of profit down 11 percent in July-August

The repatriation of profit and dividend by the foreign investors fell 11 percent in the first two months (July-Aug) of the current fiscal year (FY20).

Published 27 Sep, 2019 12:00am

Abdullah Farrukh elected APSA chairman

Abdullah Farrukh has been elected unopposed as Chairman of All Pakistan Shipping Association (APSA) for the year 2019-2020 at the annual general meeting held here. APSA is the only organization in the country representing all the sectors of the shipping f

Published 27 Sep, 2019 12:00am

FBR offices to remain open till midnight on 30th

Federal Board of Revenue (FBR) has directed Large Taxpayer Units (LTUs), Corporate Regional Tax Offices (RTOs) and Regional Tax Offices (RTOs) to remain open and observe extended working hours till 12:00am (midnight) on Monday (September 30) to facilitate

Updated 27 Sep, 2019 11:50am

Muhammad Afzal elected PTA chief for 2019-20

Muhammad Afzal Hussain of Hussain Leather Craft, Karachi has been elected Chairman Pakistan Tanners Association (PTA) for 2019-20.

Published 27 Sep, 2019 12:00am

Poverty alleviation: B&MGF signs MoU with Ehsaas

The Bill & Melinda Gates Foundation has signed a Memorandum of Understanding with the Government of Pakistan for its Ehsaas initiative on poverty alleviation. Prime Minister Imran Khan and Bill Gates, co-chair of the Bill & Melinda Gates Foundation (B&MGF

Published 27 Sep, 2019 12:00am

Senate body okays Electric Power Amendment bill

The Senate Standing Committee on Cabinet Secretariat unanimously approved "the Regulation of Generation, Transmission and Distribution of Electric Power (Amendment) Bill, 2019" to strengthen the administration of the regulator in power sector.

Published 27 Sep, 2019 12:00am

Section 144 imposed on throwing garbage, debris

The Sindh Government had imposed section 144 on throwing garbage and debris on the roads, streets and public places. In this connection the Deputy Commissioner Hyderabad Aisha Abro in her statement issued here on Thursday had informed that concerned offic

Published 27 Sep, 2019 12:00am

Mayor exhorts youth to serve nation

Mayor Karachi Wasim Akhtar on Thursday asked the educated youths to come forward and take the reins of the nation.

Published 27 Sep, 2019 12:00am

PM fears history's biggest massacre in IOK

Prime Minister Imran Khan Thursday expressed serious concerns on possible massacre in Indian Occupied Jammu and Kashmir after lifting of curfew in the Valley.

Published 27 Sep, 2019 12:00am

Need for developing state-of-the-art research centres stressed

Registrar of National University of Technology (NUTECH) Dr Syed Adnan Qasim has proposed to establish a joint NUTECH-Karachi Chamber of Commerce and Industry (KCCI) 'Need-Driven' platform of relevant industries and academic experts to upgrade the existing

Published 27 Sep, 2019 12:00am

Anger, impatience mount in Azad Kashmir

As Prime Minister Imran Khan prepares to deliver another appeal to the world to address the situation in Kashmir, he faces the risk that rising anger in the AJ&K could spiral into a confrontation with India.

Published 27 Sep, 2019 12:00am

Exchange

Egypt extends gains; other markets subdued

Egyptian stocks on Thursday extended gains from the previous session offsetting some of its wide losses incurred in the first three sessions of the week following protests in several Egyptian cities.

Published 27 Sep, 2019 12:00am

Indian shares up

Indian shares rose on Thursday as US President Donald Trump signalled a possible deal that could end the 15-month long trade war, cheering investors and whetting their risk appetite.

Published 27 Sep, 2019 12:00am

Japan shares up, Topix touches 9-1/2-month high

Japanese shares edged up on Thursday, tracking an upbeat Wall Street session, as investors welcomed US President Donald Trump's hints of progress toward a trade deal with Beijing, with auto and China-related stocks leading the gains.

Published 27 Sep, 2019 12:00am

Thursday's early afternoon trade: Indexes drop as Huawei report, Washington turmoil weigh

Wall Street's main indexes fell on Thursday after a report that the United States is unlikely to extend a waiver allowing American firms to supply China's Huawei, added to worries over an inquiry into the impeachment of President Donald Trump.

Published 27 Sep, 2019 12:00am

Exchange

Wall Street bounces back as investors shrug off impeachment risk

The S&P 500 notched its biggest daily gain in two weeks on Wednesday as investors shrugged off the news of an impeachment inquiry into President Donald Trump, while Nike shares jumped on upbeat quarterly results.

Published 27 Sep, 2019 12:00am

Treasury yields rise

Yields on US Treasury long-dated debt rallied from two-week lows on Wednesday, after falling for seven straight sessions, bolstered by strong housing data and comments by President Donald Trump about a possible trade deal with China.

Published 27 Sep, 2019 12:00am

Treasury yields rise

Yields on US Treasury long-dated debt rallied from two-week lows on Wednesday, after falling for seven straight sessions, bolstered by strong housing data and comments by President Donald Trump about a possible trade deal with China.

Published 27 Sep, 2019 12:00am

Australian, New Zealand shares down

Gold miners and energy stocks pushed Australian shares down on Thursday due to lower prices while some domestic investors were sceptical about US President Donald Trump's comment that a trade deal with China could be reached soon.

Published 27 Sep, 2019 12:00am

China stocks lower

China stocks ended lower on Thursday as mixed signals from Washington and Beijing raised doubts whether the two sides would make any progress in their next round of trade talks.

Published 27 Sep, 2019 12:00am

European shares rally

European shares saw broad-based gains on Thursday, rallying after encouraging comments from China on trade with the United States came as a welcome relief amid growth worries and political turmoil. The optimism seemed to outweigh concerns about impeachmen

Published 27 Sep, 2019 12:00am

Hong Kong stocks up

Hong Kong stocks closed higher on Thursday as investors cheered signs of progress towards a trade deal between the world's two largest economies. The Hang Seng index rose 0.4%, to 26,041.93, while the China Enterprises Index gained 0.4%, to 10,212.27. The

Published 27 Sep, 2019 12:00am

Most SE Asian stocks up on trade optimism

Most Southeast Asian stock markets edged higher on Thursday, with Indonesian shares gaining the most, as hints of progress in talks to resolve the US-China tariff dispute lifted investor mood and tempered a shadow over the global economic outlook.

Published 27 Sep, 2019 12:00am

Currency

FTSE scales 8-week high as trade hopes trump slew of profit alerts

London's FTSE 100 share index surged to multi-week highs on Thursday, outpacing its European peers, as signals that the Sino-US trade war could soon be resolved overpowered losses in blue-chip stocks drowned by profit warnings.

Published 27 Sep, 2019 12:00am

SU entry test body formed

Sindh University Testing Centre Committee constituted specifically with the mandate to develop Standard Operational Procedures (SOPs) to administer Entry Test for admissions, recruitment tests for job positions and evolve mechanism to monitor financial ma

Published 27 Sep, 2019 12:00am

Vegetable Oil

Umer Rehan elected KATI president

Sheikh Umer Rehan, Muhammad Ikram Rajput and Syed Wajid Hussain have been elected unopposed for the office of the President, Senior Vice-President and Vice-President of Korangi Association of Trade and Industry (KATI), respectively for the year 2019-20.

Published 27 Sep, 2019 12:00am

Hot, humid weather forecast for Karachi

Despite chances of scattered rain-thunderstorm, weather in the city is likely to remain hot and humid in the next 24 hours, the Met Office said on Thursday.

Published 27 Sep, 2019 12:00am

Affordable house design competition: IIL, IAP hold award ceremony for winners

International Industries Limited (IIL) in collaboration with Institute of Architects Pakistan (IAP) organized an award ceremony to recognize the efforts of IIL-IAP Affordable House Design Competition winners here at the IAP House on Wednesday night.

Published 27 Sep, 2019 12:00am

SHC asks Sindh government to submit garbage dumping policy

Sindh High Court (SHC) Thursday sought a policy on garbage dumping from the provincial government and ordered it to explain to the court as to where the trash is being disposed of.

Published 27 Sep, 2019 12:00am

PIA's clarification

PIA spokesman has said that a video clip of Day Care Centre circulated on social media is of Feb 2018. The female attendant was immediately removed upon knowing of the fact. The Day Care Centre was refurbished more than five months ago and presently has a

Published 27 Sep, 2019 12:00am

CM directs LWMC ato improve Performance

Punjab government has decided to increase the organizational capacity of Lahore Waste Management Company (LWMC) for improving cleanliness system of the provincial metropolis.

Published 27 Sep, 2019 12:00am

Backward areas to have solar energy: Buzdar

Chief Minister Punjab Sardar Usman Buzdar said on Thursday backward areas will be illuminated through solar energy and hundreds of villages will be provided solar energy in phases. Cholistan, Thal, Koh-e-Suleman and electricity-less areas would be top pri

Published 27 Sep, 2019 12:00am

ECP members oathSC registrar returns petition

The registrar office of Supreme Court of Pakistan on Thursday returned a constitutional petition pertaining to oath of the newly-nominated two members of Election Commission of Pakistan (ECP) with objections. The court returned the petition, saying the pe

Published 27 Sep, 2019 12:00am

Exchange

ISE-REIT to launch 'Hospitality REIT' in capital

Aftab Ahmed Ch director ISE-Real Estate Investment Trust (REIT) said Thursday that ISE-REIT is planning to launch a new project of 'Hospitality REIT' in federal capital.

Published 27 Sep, 2019 12:00am

Exchange

ISE-REIT to launch 'Hospitality REIT' in capital

Aftab Ahmed Ch director ISE-Real Estate Investment Trust (REIT) said Thursday that ISE-REIT is planning to launch a new project of 'Hospitality REIT' in federal capital.

Published 27 Sep, 2019 12:00am

Fate of data collected by BTB zones hangs in the balance

The abolition of Broadening of Tax Base (BTB) Zones by Federal Board of Revenue (FBR) has raised the question if the FBR's field formations and operational wings are now capable enough to expand the tax base during the current fiscal year.

Published 27 Sep, 2019 12:00am

Facebook holds session on 'Community Resilience in the Digital Age'

Community Resilience in the Digital Age was the theme of a session in Islamabad on Thursday conducted by experts from Facebook's Asia-Pacific headquarters.

Published 27 Sep, 2019 12:00am

Alvi for launching awareness campaign for breast cancer

A woman dies every 15 minutes because of breast cancer in Pakistan, therefore, a comprehensive community-based health education programme needs to be launched across the country to raise awareness of breast cancer, so that women can avail the different sc

Published 27 Sep, 2019 12:00am

Essential food commodities: CCP says impracticable to enforce uniform prices at retail level

The Competition Commission of Pakistan (CCP) has categorically declared that it is extremely difficult and impracticable to enforce uniform prices of essential food commodities at retail level.

Published 27 Sep, 2019 12:00am

Awaz group wins all seats in PFMA polls

Awaz Group made a clean sweep in annual elections of the Pakistan Flour Mills Association (PFMA) for 2019-20 by winning all the Corporate and Associate Class seats.

Published 27 Sep, 2019 12:00am

NTDC actively working to overcome system's constraints

The National Transmission and Dispatch Company (NTDC) spokesman has said that the major reasons of delay of few NTDC projects were right of way issues, certain stay orders by locals as well as procurement issues to comply with PPRA regulations which ultim

Published 27 Sep, 2019 12:00am

Senate panel approves NIT Board Bill, 2019

A parliamentary panel has unanimously approved the National Information Technology (NIT) Board Bill, 2019 to pave the way for the federal government to introduce e-governance in ministries and divisions for good governance.

Published 27 Sep, 2019 12:00am

ECP decides to hear PTI foreign funding case on Oct 1

After a gap of more than a year and a half, the Election Commission of Pakistan (ECP) has resumed hearing of over five-year old foreign funding case involving the ruling party Pakistan Tehreek-e-Insaf (PTI), and has fixed the case hearing on October 1, is

Updated 27 Sep, 2019 03:50pm

NA body approves 'Naya Pakistan Housing Bill, 2019'

The National Assembly Standing Committee on Cabinet Secretariat unanimously approved the Naya Pakistan Housing and Development Authority Bill, 2019 for passage by the National Assembly.

Published 27 Sep, 2019 12:00am

PM to enter into performance contract with each minister

Prime Minister Imran Khan is to enter into a performance contract with each Minister, with specific goals and targets to be monitored periodically, well informed sources told Business Recorder. This was approved by the federal cabinet in its meeting held

Published 27 Sep, 2019 12:00am

Exchange

Qureshi meets Qatari FM

Foreign Minister Shah Mehmood Qureshi has said that the whole world has voiced protest against ongoing human rights violations by India in Occupied Kashmir. Shah Mehmood Qureshi called on Mohammed bin Abdulrahman bin Jassim Al Thani, Minister for Foreign

Published 27 Sep, 2019 12:00am

Justice Gulzar takes oath as acting CJP

Justice Gulzar Ahmad on Thursday took oath as acting Chief Justice of Pakistan. Justice Mushir Alam administered the oath in a ceremony held at the Supreme Court. The judges of the Supreme Court, Attorney General of Pakistan, Anwar Mansoor Khan and senior

Published 27 Sep, 2019 12:00am

Presidential polls: Crossing points along Pak-Afghan border closed

Pakistan on Thursday enhanced security measures on in view of the upcoming presidential elections in Afghanistan that also included closure of the crossing points along Pak-Afghan border on September 27-28, 2019.

Published 27 Sep, 2019 12:00am

Senate panel defers two bills owing to movers' absence

A parliamentary panel on Thursday deferred "The Cigarettes Printing of Warning (Amendment) Bill, 2019," moved by Amjad Ali Khan, and "The Islamabad Transfusion of Safe Blood (Amendment) Bill, 2019," moved by Mian Najeeb-ud-Din Awaisi, due to the absence o

Published 27 Sep, 2019 12:00am

Moot on 'Nuclearization of Indian Ocean': Pakistan has no desire to engage in arms race with India: Azhar

Minister for Economic Affairs Hammad Azhar Thursday said that Pakistan's defense capabilities have never been compromised while scrapping military budget for one year.

Published 27 Sep, 2019 12:00am

AC rejects NAB's plea for granting physical remand of Abbasi, Miftah

The Accountability Court on Thursday turned down National Accountability Bureau's (NAB) request for extension in physical remand of former prime minister Shahid Khaqan Abbasi and former finance minister Miftah Ismail, and sent them to jail in the liquefie

Published 27 Sep, 2019 12:00am

Tax collection: branches to remain open till 9pm on 30th

In order to facilitate the collection of Government receipts / duties / taxes, it has been decided that authorized branches of National Bank of Pakistan (NBP) as well as field offices of SBP Banking Services Corporation (SBP-BSC) shall observe extended ba

Published 27 Sep, 2019 12:00am

OPPO A9's sale to begin on 28th

The sale of OPPO's latest mid-range smartphone, OPPO A9 2020, across Pakistan will start from September 28. OPPO A9 2020 is the brand's latest offering for the country's mid-range smartphone market at a price of Rs45,999. It aims to take your smartphone e

Published 27 Sep, 2019 12:00am

Minister for evolving need-based water distribution formula

Punjab Finance Minister Hashim Jawan Bakhat on Thursday directed the Irrigation and Agriculture Departments to jointly chalk out the water requirement estimates for the crops in the different districts of province in order to evolve need-based water distr

Published 27 Sep, 2019 12:00am

Iran checks cyber security at key energy sites, eyes US threat

Iran has launched an inspection of security at its key Gulf oil and gas facilities, including preparedness for cyber attacks, the Oil Ministry news agency SHANA said, following media reports of Washington weighing possible cyber attacks on Tehran.

Published 27 Sep, 2019 12:00am

Iran checks cyber security at key energy sites, eyes US threat

Iran has launched an inspection of security at its key Gulf oil and gas facilities, including preparedness for cyber attacks, the Oil Ministry news agency SHANA said, following media reports of Washington weighing possible cyber attacks on Tehran.

Published 27 Sep, 2019 12:00am

Exchange

CNG sector allowed to use surplus LNG capacity

The government has allowed compressed natural gas (CNG) sector to utilize LNG surplus capacity to maintain CNG price below petrol price and reduce per day capacity charges to LNG terminals. Universal Gas Distribution Company (UGDC) owned by CNG sector wil

Published 27 Sep, 2019 12:00am

Exchange

CNG sector allowed to use surplus LNG capacity

The government has allowed compressed natural gas (CNG) sector to utilize LNG surplus capacity to maintain CNG price below petrol price and reduce per day capacity charges to LNG terminals. Universal Gas Distribution Company (UGDC) owned by CNG sector wil

Published 27 Sep, 2019 12:00am

Jacques Chirac dies at 86

Jacques Chirac, the former French president who was a colossal figure in the country's politics for three decades, died Thursday at the age of 86, his family told AFP. The centre-right Chirac, acknowledged even by foes as a supreme political fighter, rose

Published 27 Sep, 2019 12:00am

Jacques Chirac dies at 86

Jacques Chirac, the former French president who was a colossal figure in the country's politics for three decades, died Thursday at the age of 86, his family told AFP. The centre-right Chirac, acknowledged even by foes as a supreme political fighter, rose

Published 27 Sep, 2019 12:00am

BoI clarification

A spokesman for the Board of Investment (BoI), Prime Minister's Office, clarified, a news item "Senate panel on CPEC told: SEZs law being amended to trim CA deficit" published in Business Recorder, on September 26, 2019.

Published 27 Sep, 2019 12:00am

BoI clarification

A spokesman for the Board of Investment (BoI), Prime Minister's Office, clarified, a news item "Senate panel on CPEC told: SEZs law being amended to trim CA deficit" published in Business Recorder, on September 26, 2019.

Published 27 Sep, 2019 12:00am

Germany arrests 2 Pakistanis wanted in emissions trading scam

German authorities say they have arrested two Pakistani men accused of being part of a criminal gang engaged in a large-scale tax scam involving emissions certificates. Prosecutors said Thursday that the 37 and 40-year-old men were arrested Tuesday at Fra

Published 27 Sep, 2019 12:00am

Germany arrests 2 Pakistanis wanted in emissions trading scam

German authorities say they have arrested two Pakistani men accused of being part of a criminal gang engaged in a large-scale tax scam involving emissions certificates. Prosecutors said Thursday that the 37 and 40-year-old men were arrested Tuesday at Fra

Published 27 Sep, 2019 12:00am

Over $100 million paid to Karkey as penalty, claims Sherry

Pakistan has paid over $100 million to Turkish rental power company Karkey as a penalty out of $800 million, Senator Sherry Rehman has said. She said this while chairing a subcommittee of the Public Accounts Committee (PAC) here on Thursday which held to

Published 27 Sep, 2019 12:00am

Over $100 million paid to Karkey as penalty, claims Sherry

Pakistan has paid over $100 million to Turkish rental power company Karkey as a penalty out of $800 million, Senator Sherry Rehman has said. She said this while chairing a subcommittee of the Public Accounts Committee (PAC) here on Thursday which held to

Published 27 Sep, 2019 12:00am

Karachi gears up for first one-day international in 10 years

Karachi hosts a one-day international for the first time in 10 years when Pakistan take on a depleted Sri Lanka on Friday, furthering the country's revival in international cricket. "History will be made on Friday when Karachi will host the first ODI," sa

Published 27 Sep, 2019 12:00am

Karachi gears up for first one-day international in 10 years

Karachi hosts a one-day international for the first time in 10 years when Pakistan take on a depleted Sri Lanka on Friday, furthering the country's revival in international cricket. "History will be made on Friday when Karachi will host the first ODI," sa

Published 27 Sep, 2019 12:00am

Samad joins Sindh Bank as president/CEO

Imran Samad joined Sindh Bank Limited as its President & CEO on September 20, 2019. Samad has more than 30 years of experience in Banks/Financial Institutions as President & CEO, Managing Director and as Senior Executive/Group Head in the areas of Credits

Published 27 Sep, 2019 12:00am

Samad joins Sindh Bank as president/CEO

Imran Samad joined Sindh Bank Limited as its President & CEO on September 20, 2019. Samad has more than 30 years of experience in Banks/Financial Institutions as President & CEO, Managing Director and as Senior Executive/Group Head in the areas of Credits

Published 27 Sep, 2019 12:00am

Exchange

Imran, briefs Lavrov about IOK situation

Foreign Minister of the Russian Federation Sergei Lavrov called on Prime Minister Imran Khan on the sidelines of the 74th Session of the UNGA. The Prime Minister stressed the importance attached in Pakistan's foreign policy to a qualitatively new relation

Published 27 Sep, 2019 12:00am

LHC restrains FBR from recovering income support levy from Maryam

The Lahore High Court (LHC) on Thursday restrained the Federal Board of Revenue (FBR) from recovery of income support levy from Maryam Nawaz and directed to decide her appeal against notice for recovery within 30 days. The court was hearing a miscellaneou

Published 27 Sep, 2019 12:00am

PM to plead case of Kashmiris before UNGA: Firdous

Special Assistant to Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan Thursday said Prime Minister Imran Khan would present the case of Kashmiris and forcefully project their voice in his address to the United Nations General Assembly

Published 27 Sep, 2019 12:00am

Mangla Dam, Power House safe after earthquake: Wapda chief

Pakistan Water and Power Development Authority (WAPDA) Chairman Lt Gen Muzammil Hussain (Retd) on Thursday said that Mangla Dam and Power House are safe and have not suffered any damage in the recent quake. Power generation was stopped as a precautionary

Published 27 Sep, 2019 12:00am

MUCT dept harassing industries: Parekh

President SITE Association of Industry Saleem Parekh has demanded the Chief Minister Sindh to issue directives to DMC West to desist from harassing industries in the name of Municipal Utilities Charges & Tax (MUCT) collection and perform duties within its

Published 27 Sep, 2019 12:00am

CEOs directed to ensure SC verdict on schools fee, LHC told

All the Chief Executive Officers (CEO) of districts have been directed to ensure implementation of Supreme Court directions about excessive fee charged by private schools, the Lahore High Court was told by Punjab schools and education department on Thursd

Published 27 Sep, 2019 12:00am

Kashmir part, parcel of 'our soul': COAS

Chief of Army Staff Gen Qamar Javed Bajwa has said that security situation in the country is fast improving which is essential for foreign investment and economic growth. The Chief of Army Staff said this during his meeting with Sheikh Ali Bin Abdulla Tha

Published 27 Sep, 2019 12:00am

Kashmir part, parcel of 'our soul': COAS

Chief of Army Staff Gen Qamar Javed Bajwa has said that security situation in the country is fast improving which is essential for foreign investment and economic growth. The Chief of Army Staff said this during his meeting with Sheikh Ali Bin Abdulla Tha

Published 27 Sep, 2019 12:00am

Trump urges India, Pakistan to 'work it out'

US President Donald Trump said Wednesday he encouraged India and Pakistan to work out their differences in separate meetings with their prime ministers this week. "I said, 'Fellas, work it out. Just work it out,'" Trump told a news conference after attend

Published 27 Sep, 2019 12:00am

Trump urges India, Pakistan to 'work it out'

US President Donald Trump said Wednesday he encouraged India and Pakistan to work out their differences in separate meetings with their prime ministers this week. "I said, 'Fellas, work it out. Just work it out,'" Trump told a news conference after attend

Published 27 Sep, 2019 12:00am

So-called 'terrorist camps': Pakistan draws P5 attention

Pakistan has urged the permanent five countries [P5] of the UN Security Council to ask India to corroborate its fallacious claims about the presence of so-called 'terrorist camps' in the country and expressed readiness to provide full cooperation to forei

Published 27 Sep, 2019 12:00am

So-called 'terrorist camps': Pakistan draws P5 attention

Pakistan has urged the permanent five countries [P5] of the UN Security Council to ask India to corroborate its fallacious claims about the presence of so-called 'terrorist camps' in the country and expressed readiness to provide full cooperation to forei

Published 27 Sep, 2019 12:00am

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

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

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

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

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

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

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