News Archives for Print - 2019-10-02

Exchange

Tokyo rubber falls

Tokyo Commodity Exchange (TOCOM) futures fell on Tuesday, weighed down by lingering worries about oversupply and slower demand in top buyer China. The benchmark TOCOM rubber contract for March delivery finished 1.8 yen lower at 158.7 yen ($1.46) per kg. C

Published 02 Oct, 2019 12:00am

Vegetable Oil

Malaysian palm oil recovers recent losses

Malaysian palm oil futures rebounded on Tuesday, helped by an increase in soyaoil prices, after falling to their lowest in almost eight weeks in the previous session. The benchmark palm oil contract for the December delivery on the Bursa Malaysia Derivati

Published 02 Oct, 2019 12:00am

Exchange

Raw sugar climbs

Raw sugar futures on ICE climbed to the highest in more than seven months on Tuesday as funds covered their net short positions after deliveries against the October contract, which expired on Monday, were smaller than expected. Cocoa also rose after top p

Published 02 Oct, 2019 12:00am

Exchange

Gold slips in Asia

Gold prices fell to a near two-month low on Tuesday, weighed down by a stronger dollar, while hopes of progress in the US-China trade talks lifted equity markets in a further hit to bullion's appeal. Trading was thin in Asian hours as traders in top consu

Published 02 Oct, 2019 12:00am

Gold rises in Europe

Gold rose on Tuesday, reversing course from earlier in the session, when it touched a near two-month low, as the dollar pared gains after weak US manufacturing data bolstered bets for another interest rate cut by the US Federal Reserve. Spot gold rose 0.7

Published 02 Oct, 2019 12:00am

US MIDDAY: soyabean futures up

US soyabean futures prices rose to the highest in more than two months on Tuesday, adding to gains from the previous session when further Chinese purchases and a lower-than-expected estimate of US stockpiles buoyed prices. Corn also advanced after rallyin

Published 02 Oct, 2019 12:00am

US midday: gold bounces off two-month lows

Gold jumped 1% on Tuesday, reversing course from earlier in the session, when it touched a near two-month low, as the dollar pared gains after weak US manufacturing data bolstered bets for another interest rate cut by the US Federal Reserve. Spot gold ros

Published 02 Oct, 2019 12:00am

Exchange

SECP specifies foreign credit rating institution

The Securities and Exchange Commission of Pakistan (SECP) has declared the Rating and Investment Information Inc., Japan, as internationally recognized foreign credit rating institution. In this regard, the SECP has issued S.R.O. 1158 (I)/2019 here on Tue

Published 02 Oct, 2019 12:00am

PakWheels to organise 2nd Car Mela in Islamabad

After successfully conducting Car Mela in Islamabad earlier this year, PakWheels.com is now all set to again bring its magic to the nation's capital - so mark your calendar for October 6, 2019, for PakWheels Car Mela Islamabad to be held at 2F2F, Lake Vie

Published 02 Oct, 2019 12:00am

Currency

Customs Region (North) collects Rs 5,231 million in first quarter

The Customs Region (North) of the Federal Board of Revenue (FBR) collected Rs 5,231 million customs duty during first quarter (July-September) 2019-20 against Rs3,584 million collected during same period of 2018-19, reflecting an increase of 46 percent. A

Published 02 Oct, 2019 12:00am

Exchange

Rafhan Maize Products Company Limited

The leading corn refiner of Pakistan, Rafhan Maize Products Company Limited (PSX: RMPL) is the premier provider of agricultural-based products and ingredients in Pakistan. The company has a market cap of over Rs55.4 billion.

Updated 02 Oct, 2019 11:52am

Exchange

Rafhan Maize Products Company Limited

The leading corn refiner of Pakistan, Rafhan Maize Products Company Limited (PSX: RMPL) is the premier provider of agricultural-based products and ingredients in Pakistan. The company has a market cap of over Rs55.4 billion.

Published 02 Oct, 2019 12:00am

Atlas Battery participates in Automechanika South Africa

Atlas Battery, the leading battery manufacturer of Pakistan participated in the 3rd edition of Automechanika South Africa that took place in Johannesburg at Nasrec Expo Centre from 18th to 21st of September, 2019.

Published 02 Oct, 2019 12:00am

USCG, Qatari envoy discuss matters of mutual interest with Buzdar

US Consul General Catherine Rodriguez called on Chief Minister Usman Buzdar at his office on Tuesday and discussed various matters of mutual interest. Usman Buzdar apprised the US Consul General about ongoing public welfare programs and adding that Pakist

Published 02 Oct, 2019 12:00am

Malaysian CG vows to ensure reasonable rates of palm by-products

Malaysian Consul General Khair-ul-Nazran Abd Rahman has assured to take special endeavour for supplying palm byproducts at very reasonable prices so as to make it accessible to the general consumers. The Consul General was speaking at the annual reception

Published 02 Oct, 2019 12:00am

Siraj voices concern over deteriorating economic situation

Expressing concern over deteriorating situation of economy and law and order, Jamaat-e-Islami chief Senator Sirajul Haq has said that the PTI government has desperately failed to fulfill the promises it made to the public during the election campaign. "If

Published 02 Oct, 2019 12:00am

PFMA office-bearers

Muhammad Younas of Starlet, Hamza Hafeez of Shafi Life Style and Waqar Ahmed Paracha of Yutian have been elected as chairman, senior vice chairman and vice chairman of the Pakistan Footwear Manufacturing Association (PFMA) for the year 2019-20.

Published 02 Oct, 2019 12:00am

'Steps being taken to control smog in Punjab'

In order to combat smog, the Punjab government has decided to take action against factories causing air and environmental pollution. Under Section 144, burning of crop residue and garbage would be banned and old technology coal-fired brick kilns will also

Published 02 Oct, 2019 12:00am

Punjab, Balochistan CMs vow to cooperate in different sectors

Punjab and Balochistan chief ministers have expressed their resolve for the expansion of bilateral cooperation between the two provinces in different sectors. Chief Minister Balochistan Jam Kamal Khan called on Chief Minister Punjab Sardar Usman Buzdar at

Published 02 Oct, 2019 12:00am

Shopping bag factories' workers stage sit-in before PA

Hundreds of workers of shopping bag factories on Tuesday staged a sit-in before the Punjab Assembly against a ban on production, sale and use of shopping bags in the province. Factory workers blocked the main artery of the city that led to traffic pressur

Published 02 Oct, 2019 12:00am

Punjab government expedites work on PFC award

The Punjab government has expedited the work on the Provincial Finance Commission (PFC) Award and it is seeking to amend the Award in line with the Local Government Act 2019. In this connection, Punjab Finance Minister Hashim Jawan Bakhat chaired the maid

Published 02 Oct, 2019 12:00am

Exchange

LHC seeks reply from NAB in Maryam's bail petition

The Lahore High Court on Tuesday sought reply from the National Accountability Bureau (NAB) by October 14, on a petition of Maryam Nawaz seeking post arrest bail in Chaudhry Sugar Mills (CSM). Earlier the court asked the petitioner's counsel as to why he

Updated 16 Dec, 2019 07:26am

Cotton

Climatic conditions: CropLife Pakistan voices concern over crop losses in Punjab

CropLife Pakistan Association has claimed that based on field visits and the study of weather data, it is evident that an exceptional shift in climatic conditions at a critical phase (pollination) of the crop has impacted the yields of cotton, maize and r

Published 02 Oct, 2019 12:00am

Paragon City scam: Saad brothers' judicial remand extended till October 5

An accountability court on Tuesday extended judicial remand of former railways minister Khwaja Saad Rafiq and his brother Khwaja Salman in Paragon City scam till October 5 as their counsel was not available.

Published 02 Oct, 2019 12:00am

Partly Facetious : 'Ministry of Visual Technology'

"I would advise The Khan to establish a new ministry - the Ministry of Visual Technology."

Updated 02 Oct, 2019 06:44am

Bilawal lauded for opening NED campus in Thar

Pakistan People's Party MPA Surendar Valasai has thanked party chairman Bilawal Bhutto-Zardari on the opening campus of NED University namely Thar Institute of Engineering Sciences and Technology in Tharparker, which is scheduled to be a full-fledged Engi

Published 02 Oct, 2019 12:00am

Domestic cylinders: Ogra asks LPG marketing companies to publicise October's prices

The Oil and Gas Regulatory Authority (OGRA) has asked LPG marketing companies to disseminate new prices of LPG domestic cylinders for October in all the newspapers for information of general public.

Published 02 Oct, 2019 12:00am

Senate body reviews Gwadar Port & investors' issues

A subcommittee of the Senate Standing Committee on Maritime Affairs reviewed various issues pertaining to Gwadar Port and its investors in its meeting held here at the Parliament House on Tuesday. It was disclosed that the port has been opened for transit

Published 02 Oct, 2019 12:00am

Appointment of PIA CEO: PML-N's Mehtab indicted

The Accountability Court Tuesday indicted senior leader of Pakistan Muslim League-Nawaz (PML-N) and former advisor on Civil Aviation Sardar Mehtab Ahmed Khan Abbasi and others in illegal appointment of former chief executive officer of Pakistan Internatio

Published 02 Oct, 2019 12:00am

Robbers loot Rs 15 million from post office van

Armed robbers on Tuesday looted Rs 15 million from a post office van parked outside its building in Islamabad's Rawal Town located in the limits of Shehzad Town police station. Police said that six unknown armed men, who were riding on two motorbikes, hel

Published 02 Oct, 2019 12:00am

Kamal voices concern over dwindling economy

Pak Sarzameen Party (PSP) chairman Syed Mustafa Kamal on Tuesday expressed serious concerns over the continuously dwindling economy of the country and said debt has reached up to 80 percent of the country's economy.

Published 02 Oct, 2019 12:00am

Air Chief, US Congressmen meet Qureshi

Chief of Air Staff Air Chief Marshal Mujahid Anwar Khan called on Foreign Minister Shah Mahmood Qureshi and discussed the operational preparedness of Pakistan Air Force (PAF) and regional security situation. The foreign minister commended the professional

Published 02 Oct, 2019 12:00am

Zarak Khan elected PCJCCI president

The renowned business leader Zarak Khan, has been elected unopposed as President Pakistan China Joint Chamber of Commerce and Industry (PCJCCI), whereas Moazzam Ali Ghurki and Ali Tariq have also been elected unopposed as Senior Vice President and Vice Pr

Published 02 Oct, 2019 12:00am

Exchange

NA speaker seeks Malaysian support for resolving Kashmir issue

Speaker National Assembly Asad Qaiser has sought Malaysian support for resolution of Kashmir issue in accordance with the aspirations of the people of Kashmir and United Nations (UN) resolutions. Qaiser expressed these views during a meeting with Speaker

Published 02 Oct, 2019 12:00am

SAI office-bearers

Suleman Chawla, Saleem Nagaria and M Farhan Ashrafi have been unanimously elected as president, SVP and vice president of Site Association of Industry (SAI) for the year 2019-20 respectively. Thanking the SAI members for giving him opportunity to serve th

Published 02 Oct, 2019 12:00am

Arshad Jamal elected APCCA chief

Arshad Jamal has been elected unopposed as chairman All Pakistan Customs Agents Association for the term October 2019 to September 2020.

Updated 02 Oct, 2019 11:48am

Service quality: CMOs meet most of KPIs set in licence, regulations: PTA

The Cellular Mobile Operators (CMOs) have met most of the key performance indicators (KPIs) set in their license and applicable regulations.

Published 02 Oct, 2019 12:00am

Top coach Salazar barred from World Championships after doping ban

The World Athletics Championships were rocked by a drugs scandal on Tuesday after top coach Alberto Salazar was banned for doping, dealing a fresh body blow to the image of track and field at the sport's showpiece event.

Published 02 Oct, 2019 12:00am

Arrangements for Pakistan-SL T20 series finalised

The Punjab government has finalized security arrangements for three-match T20 international series between Sri Lanka and Pakistan. The three matches are scheduled on October, 5, 7 and 9 here at Gaddafi Stadium. Sports Board Punjab (SBP) Director General A

Published 02 Oct, 2019 12:00am

PCB team meets PIA CEO to promote domestic cricket

A delegation of PCB led by Ehsan Mani, Chairman Pakistan Cricket Board called on CEO PIA Air Marshal Arshad Malik at PIA Head Office. Ehsan Mani, Chairman PCB discussed about the initiatives and reforms presently taken for the betterment of domestic crick

Published 02 Oct, 2019 12:00am

Ufone Khyber Pakhtunkhwa Football Tournament begins

After the successful completion of the Ufone Balochistan Football Tournament 2019, the Pakistani cellular company is all set to launch the first ever edition of Ufone Khyber Pakhtunkhwa Tournament.

Published 02 Oct, 2019 12:00am

Quaid-e-Azam Trophy fixture: Central Punjab post another win by an innings margin

Central Punjab secured their second consecutive win by an innings margin as the Azhar Ali-led side beat Balochistan by an innings and 12 runs in the four-day first-class Quaid-e-Azam Trophy fixture at Quetta's Bugti Stadium.

Published 02 Oct, 2019 12:00am

SHC orders Sindh government to take action against makers, sellers of inferior quality medicines

Sindh High Court (SHC) Tuesday ordered the provincial government to take action against manufacturing of substandard medicines and conduct crackdown on sale of such medicines in the province. SHC bench headed by Justice Salahuddin Panhwar also directed Di

Published 02 Oct, 2019 12:00am

Lasbela chamber elects new body

Ismail Suttar, Siddiq Rafi and Badar-e-Munir Patel have been elected as unopposed president, SVP and vice president of Lasbela Chamber of Commerce and Industry (LCCI) for the year 2019-20 respectively. Ismail Suttar brings a vast experience in leading the

Published 02 Oct, 2019 12:00am

Mohsin Sheikhani elected ABAD chairman

Patron-in-Chief of Allied Panel Mohsin Sheikhani was elected as Chairman Association of Builders and Developers of Pakistan (ABAD) unanimously for the term of 2019-2020. Mohsin Sheikhani has served as Chairman ABAD two times earlier while Sohail Warind, A

Published 02 Oct, 2019 12:00am

'Karachi New Sabzi Mandi should be modernised'

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain on Monday said the New Sabzi Mandi of Karachi providing fruits and vegetables worth one billion rupees daily should be modernized. The sabzi and fruit mandi is the largest i

Published 02 Oct, 2019 12:00am

Malaysian businessmen urged to invest in soap industry

Pakistani soap manufacturers have asked Malaysian investors to invest in Pakistan soap industry for promotion of bilateral trade. While addressing the annual dinner of Pakistan Soap Manufacturers Association (PSMA), chairman of the Association Usman Ahmed

Published 02 Oct, 2019 12:00am

Delivery app 'NOW': Careem announces over $150 million global investment

Careem has announced global investment of over $150 million in Careem NOW, a new delivery app, to fulfill its commitment in creating a first-class delivery service.

Published 02 Oct, 2019 12:00am

KMC seeks ways to enhance its revenue

Karachi Metropolitan Corporation (KMC) is seeking ways to enhance revenue collection. The steps include hike in the rent of its shops to mitigate the monetary challenges.

Published 02 Oct, 2019 12:00am

Interim bails of Sial, Kamal extended

Sindh High Court (SHC) on Tuesday extended the interim bail of provincial minister Sohail Anwar Sial till November 5, 2019 and ordered National Accountability Bureau (NAB) to conclude the inquiry against him in two months.

Published 02 Oct, 2019 12:00am

Sindh government earmarks Rs 412 million for SRMS

The government of Sindh has allocated Rs 412 million for Sindh Rescue and Medical Services (SRMS), previously known as Aman Ambulance, for smooth operations of the ambulance network.

Published 02 Oct, 2019 12:00am

Experts concerned at declining position of SMEs

Economic and Financial Analyst, Ateeq Ur Rehman has expressed concern on day by day declining position of Small and Medium Enterprises (SMEs ) of the country and urged the government to take immediate steps for the redressel of the grievances.

Published 02 Oct, 2019 12:00am

Exchange

Decision to take up issue of citrus growers in NA lauded

Former Chairman of Horticulture Exports, Ahmad Jawad has said it is a rightly decision of the parliamentarians to take up the important matter issue of citrus growers in the National Assembly because right now kinnow belt in Punjab emerged as a industry f

Published 02 Oct, 2019 12:00am

PCMA office-bearers

Pakistan Chemical Manufacturers Association (PCMA) has elected Abrar Ahmad, Pervez Tanveer Tufail and Zafar Qidwai as chairman, senior vice chairman and vice chairman, respectively, for the year 2019-20.

Published 02 Oct, 2019 12:00am

Cotton

100,000 trees plantation campaign launched at PU

Punjab Agriculture Minister Malik Nauman Ahmed Langrial on Tuesday launched 100,000 trees plantation campaign at Institute of Agricultural Sciences, Punjab University. PU Vice Chancellor Professor Niaz Ahmed, Pro-Vice Chancellor Professor Dr Saleem Mazhar

Published 02 Oct, 2019 12:00am

Children's Film Festival begins

The 11th Edition of International Children's Film Festival has been started at the Packages Mall which will showcase 116 selected films of 27 countries including several Pakistani movies.

Published 02 Oct, 2019 12:00am

NTS, other testing services dubbed as 'hubs of loot and plunder'

A sub-committee of the Senate Standing Committee on Information Technology on Tuesday dubbed as "hubs of loot and plunder" the National Testing Service (NTS) and other testing services which conduct written tests for recruitments in different government d

Published 02 Oct, 2019 12:00am

Sparc voices concern over rising cases of child assaults

Cases of sexual assault on minor girls and their murders have witnessed a sharp rise and it may become a very serious issue if not checked. These views were expressed by the Society for the Protection of the Rights of the Child (Sparc) project manager Shu

Published 02 Oct, 2019 12:00am

Punjab Administration crisis being created in name of police reforms: PPP Senator

Senator Mustafa Nawaz Khokhar, the spokesman of Chairman PPP Bilawal Bhutto Zardari has alleged that an administration crisis is being created in Punjab in the name of police reforms. He said that the current police reforms would bring destruction instead

Published 02 Oct, 2019 12:00am

Foreign funding case: ECP reserves verdict on PTI pleas

In an important move, the Election Commission of Pakistan (ECP) on Tuesday resumed the hearing of foreign funding case involving Pakistan Tehreek-e-Insaf (PTI) and reserved its verdict on the pleas wherein the ruling party requested the Commission to main

Published 02 Oct, 2019 12:00am

PIA to start Sialkot-Kuwait flights from October 28

National flag carrier Pakistan International Airline (PIA) has decided to start twice a week flights between Sialkot and Kuwait from October 28. Sources in PIA told Business Recorder here on Tuesday that the basic concept of starting these flights

Published 02 Oct, 2019 12:00am

Outcry as Pakistan appoints new envoy to UN

A decision by Pakistan to appoint a former diplomat as its ambassador to the United Nations has sparked criticism over his alleged involvement in a domestic violence dispute in 2002. Munir Akram "has been appointed as Permanent Representative of Pakistan

Published 02 Oct, 2019 12:00am

Exchange

NA refers 41 private members' bills to bodies for consideration

The National Assembly on Tuesday referred 41 private members' bills to concerned standing committees of the house for consideration and reporting back to the house. A total of 32 bills moved by ruling Pakistan Tehreek-e-Insaf (PTI) MNA Fakhr Imam were clu

Published 02 Oct, 2019 12:00am

Indian BSF official's body handed over to India

Pakistan handed over a dead body of an Indian BSF soldier to Indian authorities on Tuesday, ISPR said. According to ISPR, the Indian BSF soldier Sub Inspector Paritosh Mondal had drowned while crossing Aik Nullah along the Working Boundary inside Indian-o

Published 02 Oct, 2019 12:00am

InspecTest conducts global Corrosion conference under NACE

Inspectest, an internationally certified integrated service provider, organized global Corrosion Conference under NACE Islamabad Chapter here at a local hotel on Tuesday. National Association of Corrosion Engineers (NACE) International is active in the in

Published 02 Oct, 2019 12:00am

Sri Lankan team in Pakistan

Promising middle-order batsman had fallen sick due to heatwave during the second ODI match between visiting Sri Lanka and Pakistan on Monday at National Stadium. Karachi, a city of teeming millions, welcomed the visiting team with a lot of enthusiasm. The

Published 02 Oct, 2019 12:00am

AJK leader sees hope in US, China response to India

The leader of the Azad Kashmir is hopeful that India's clampdown in the Himalayan territory has reached a turning point - bringing US pressure.

Updated 02 Oct, 2019 10:39am

Exchange

Micromanagement of exports - II

As a first stage of micromanagement, Pakistan Institute of Trade and Development (PITAD) needs a complete revamp in its research orientation to act as a data back stop for real time data analysis to monitor competitiveness and export trends at the 4-8 dig

Updated 02 Oct, 2019 09:45am

Business: ease, cost and competitiveness

Considering the current state of the national economy and the highly pessimistic economic prospects projected for the current and subsequent years in the short run by various national and multilateral organisations it is indeed a matter of immense satisfa

Updated 02 Oct, 2019 07:07am

Afghanistan: the glass is half full

The Afghans have voted in the shadow of the gun. The turnout may have been as low as 20 percent and there were rampant incidents of mismanagement, but it was a clear reflection of their decision to continue with democratic course despite serious hurdles a

Updated 02 Oct, 2019 06:52am

Textile concessions

Reports indicate that concessions announced for the textile sector, with the highest export earning capacity in the country, have not been implemented and a complaint has been lodged with the Prime Minister's office. In a letter written by All Pakistan Te

Updated 02 Oct, 2019 06:52am

Iran court cuts Rouhani brother jail term to five years

An Iranian court has reduced the jail sentence against President Hassan Rouhani's brother to five years on charges of corruption, a judiciary spokesman said Tuesday. "Regarding the case of Hossein Fereydoun, the sentence of seven years handed down by the

Published 02 Oct, 2019 12:00am

Iran court cuts Rouhani brother jail term to five years

An Iranian court has reduced the jail sentence against President Hassan Rouhani's brother to five years on charges of corruption, a judiciary spokesman said Tuesday. "Regarding the case of Hossein Fereydoun, the sentence of seven years handed down by the

Published 02 Oct, 2019 12:00am

Balladur ordered to stand trial over campaign graft

Former French prime minister Edouard Balladur will stand trial over allegations that kickbacks from an arms deal with Pakistan helped fund his failed 1995 presidential bid, France's top prosecutor said Tuesday. The Court of Justice of the Republic, a trib

Published 02 Oct, 2019 12:00am

Balladur ordered to stand trial over campaign graft

Former French prime minister Edouard Balladur will stand trial over allegations that kickbacks from an arms deal with Pakistan helped fund his failed 1995 presidential bid, France's top prosecutor said Tuesday. The Court of Justice of the Republic, a trib

Published 02 Oct, 2019 12:00am

PPP, PML-N urge JUI-F chief Fazl to defer his 'Azadi March'

Pakistan Muslim League-Nawaz (PML-N) and Pakistan People's Party (PPP) Tuesday agreed on joint anti-government movement and urged JUI-F chief Maulana Fazlur Rehman to defer his 'Azadi March' until further deliberations on mode of the protest drive. This w

Published 02 Oct, 2019 12:00am

PPP, PML-N urge JUI-F chief Fazl to defer his 'Azadi March'

Pakistan Muslim League-Nawaz (PML-N) and Pakistan People's Party (PPP) Tuesday agreed on joint anti-government movement and urged JUI-F chief Maulana Fazlur Rehman to defer his 'Azadi March' until further deliberations on mode of the protest drive. This w

Published 02 Oct, 2019 12:00am

Rabi season: Punjab, Sindh to face 15 percent water shortage: Irsa

The Advisory Committee of Indus River System Authority (Irsa) on Tuesday forecast 15 per cent water shortage for Sindh and Punjab in Rabi season 2019-20, starting from October 1, 2019 to continue till March 31, 2020. The anticipated shortage figures were

Published 02 Oct, 2019 12:00am

Rabi season: Punjab, Sindh to face 15 percent water shortage: Irsa

The Advisory Committee of Indus River System Authority (Irsa) on Tuesday forecast 15 per cent water shortage for Sindh and Punjab in Rabi season 2019-20, starting from October 1, 2019 to continue till March 31, 2020. The anticipated shortage figures were

Published 02 Oct, 2019 12:00am

Exchange

FBR set to act against 'dollar hoarders'

The Federal Board of Revenue (FBR) is all set to initiate strict action against 'dollar hoarders' as field formations have been directed to collect transaction records from money changers and financial institutions, it is learnt here. According to sources

Published 02 Oct, 2019 12:00am

Exchange

FBR set to act against 'dollar hoarders'

The Federal Board of Revenue (FBR) is all set to initiate strict action against 'dollar hoarders' as field formations have been directed to collect transaction records from money changers and financial institutions, it is learnt here. According to sources

Published 02 Oct, 2019 12:00am

FBR asks banks to share details of 'Trust Activities'

Federal Board of Revenue (FBR) has asked banks to share details of 'Trust Activities' including identification of persons on the behalf of which such activities are undertaken by the banks. Sources told Business Recorder here on Tuesday that the FB

Published 02 Oct, 2019 12:00am

FBR asks banks to share details of 'Trust Activities'

Federal Board of Revenue (FBR) has asked banks to share details of 'Trust Activities' including identification of persons on the behalf of which such activities are undertaken by the banks. Sources told Business Recorder here on Tuesday that the FB

Updated 02 Oct, 2019 10:58am

Court fee, foreign counsel fee: ECC may approve Rs 420 millions technical supplementary grant

Economic Coordination Committee (ECC) of the Cabinet is expected to approve technical supplementary grant of Rs 420 million to pay court fee and fee to foreign counsel in case of Dr. Hilal Hussain Al-Tuwairqi and Al-Ittfaq Steel Products Company Limited,

Published 02 Oct, 2019 12:00am

Court fee, foreign counsel fee: ECC may approve Rs 420 millions technical supplementary grant

Economic Coordination Committee (ECC) of the Cabinet is expected to approve technical supplementary grant of Rs 420 million to pay court fee and fee to foreign counsel in case of Dr. Hilal Hussain Al-Tuwairqi and Al-Ittfaq Steel Products Company Limited,

Published 02 Oct, 2019 12:00am

Indian minister promises non-Muslim citizenship bill

India's government plans to revive a bill that would give non-Muslim refugees citizenship even before a controversial citizen registry in one northeastern state has been finalized, Home Minister Amit Shah said Tuesday. Shah, the leader of Prime Minister N

Published 02 Oct, 2019 12:00am

Indian minister promises non-Muslim citizenship bill

India's government plans to revive a bill that would give non-Muslim refugees citizenship even before a controversial citizen registry in one northeastern state has been finalized, Home Minister Amit Shah said Tuesday. Shah, the leader of Prime Minister N

Published 02 Oct, 2019 12:00am

China flexes military muscle to mark 70 years of Communist rule

China celebrated its growing power and confidence with a big display of military hardware and goose-stepping troops in Beijing on Tuesday, overseen by President Xi Jinping who pledged peaceful development on Communist China's 70th birthday. The event is t

Published 02 Oct, 2019 12:00am

China flexes military muscle to mark 70 years of Communist rule

China celebrated its growing power and confidence with a big display of military hardware and goose-stepping troops in Beijing on Tuesday, overseen by President Xi Jinping who pledged peaceful development on Communist China's 70th birthday. The event is t

Published 02 Oct, 2019 12:00am

Iran convicts four on espionage charges

Iran's judiciary on Tuesday announced it had convicted four people on charges of spying for the United States or Britain, sentencing one of them to death. "Last week, a person accused of espionage for an American (intelligence) service was sentenced to de

Published 02 Oct, 2019 12:00am

Iran convicts four on espionage charges

Iran's judiciary on Tuesday announced it had convicted four people on charges of spying for the United States or Britain, sentencing one of them to death. "Last week, a person accused of espionage for an American (intelligence) service was sentenced to de

Published 02 Oct, 2019 12:00am

Suri challenges disqualification

Former Deputy Speaker National Assembly Qasim Khan Suri has challenged his disqualification by an election tribunal in the apex court. Suri was elected member of National Assembly from NA-265 (Quetta-II) constituency in general elections 2018 and later be

Published 02 Oct, 2019 12:00am

Suri challenges disqualification

Former Deputy Speaker National Assembly Qasim Khan Suri has challenged his disqualification by an election tribunal in the apex court. Suri was elected member of National Assembly from NA-265 (Quetta-II) constituency in general elections 2018 and later be

Published 02 Oct, 2019 12:00am

Remittances: Senate panel asks SBP to simplify procedure

A Senate panel Tuesday asked the State Bank of Pakistan (SBP) to simplify procedure for sending remittances by overseas Pakistanis to encourage them for using legal channels for sending money to their families.

Published 02 Oct, 2019 12:00am

SC underscores need for protecting PIA

The apex court has questioned why new recruitments are taking place in Pakistan International Airline Corporation (PIAC) when it is suffering from losses and is under heavy debt of Rs 406 billion. A three-judge bench, headed by Justice Umar Ata Bandial, w

Published 02 Oct, 2019 12:00am

Effective October 1: Rs 0.53 per unit hike in Discos' tariff notified

The Power Division has notified Rs 0.53 per unit hike in power tariff of Distribution Companies from October 1, 2019 to stop the growth of quasi-fiscal deficits and fulfill another condition of the International Monetary Fund (IMF). The National Electric

Published 02 Oct, 2019 12:00am

Exchange

Cement, banks lift KSE-100 Index: BRIndex100 advances

Pakistan Stock Exchange Tuesday ended on a positive note on the back of healthy buying in various sectors. BRIndex100 gained 23.82 points or 0.71 percent to close at 3,370.22 points. BRIndex100 touched intraday high of 3,377.68 and intraday low of 3,336.9

Published 02 Oct, 2019 12:00am

Exchange

Cement, banks lift KSE-100 Index: BRIndex100 advances

Pakistan Stock Exchange Tuesday ended on a positive note on the back of healthy buying in various sectors. BRIndex100 gained 23.82 points or 0.71 percent to close at 3,370.22 points. BRIndex100 touched intraday high of 3,377.68 and intraday low of 3,336.9

Published 02 Oct, 2019 12:00am

Exchange

Cement, banks lift KSE-100 Index: BRIndex100 advances

Pakistan Stock Exchange Tuesday ended on a positive note on the back of healthy buying in various sectors. BRIndex100 gained 23.82 points or 0.71 percent to close at 3,370.22 points. BRIndex100 touched intraday high of 3,377.68 and intraday low of 3,336.9

Updated 02 Oct, 2019 04:42am

Exchange

Sub-committee of NA body's conclusion: fiscal, monetary policies fuelling inflation

The government's economic policies, both fiscal and monetary, are fueling inflation in the country and there is urgent need to minimize expansion of monetary policy, reduce policy rate and stabilize exchange rate to tame inflation in the country. This was

Published 02 Oct, 2019 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 22	277.85
USD PKR Interbank Buying / Nov 22	277.65
USD to Japanese Yen / Nov 23	154.78
USD to Swiss Franc / Nov 23	0.89
Pound Sterling to USD / Nov 23	1.25
Euro to USD / Nov 23	1.04

Stock	Volume
S&P 500 / Nov 22	5,969.34
India Sensex / Nov 22	79,117.11
Tokyo Nikkei / Nov 22	38,283.85
Nasdaq / Nov 22	18,003.65
Hang Seng / Nov 22	19,229.97
FTSE 100 / Nov 22	8,262.08
Dow Jones / Nov 22	44,296.51
Germany DAX 30 / Nov 22	19,322.59

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 22	17,785
Gold 10 Grams PKR / Nov 22	240,483
Crude Oil USD/Barrel / Nov 23	71.24
Gold Spot USD/Ounce / Nov 23	2,716.19
Cotton US¢/pound / Nov 23	70.77
Petrol/Litre / Nov 24	248.38

Stock	Price
786 Invest Ltd / Nov 24 786 Investments Limited(786)	6.82 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 24 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▼ 0.00 (0.00%)
Agro Allianz / Nov 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 24 Ali Asghar Textile Mills Limited(AATM)	70.89 ▼ 0.00 (0.00%)
Allied Bank / Nov 24 Allied Bank Limited(ABL)	120.21 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 24 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▼ 0.00 (0.00%)
Abson Ind. / Nov 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 24 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 24 786 Investments Limited(786)	6.82 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 24 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▲ 0.00 (0.00%)
Agro Allianz / Nov 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 24 Ali Asghar Textile Mills Limited(AATM)	70.89 ▲ 0.00 (0.00%)
Allied Bank / Nov 24 Allied Bank Limited(ABL)	120.21 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 24 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▲ 0.00 (0.00%)
Abson Ind. / Nov 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 24 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 24 Worldcall Telecom Limited(WTL)	177,135,830 ▲ 0.00
K-Electric Ltd. / Nov 24 K-Electric Limited(KEL)	124,131,268 ▲ 0.00
Hascol Petrol / Nov 24 Hascol Petroleum Limited(HASCOL)	105,013,176 ▲ 0.00
Fauji Foods Ltd / Nov 24 Fauji Foods Limited(FFL)	77,697,371 ▲ 0.00
Treet Battery / Nov 24 Treet Battery Limited(TBL)	43,783,366 ▲ 0.00
B.O.Punjab / Nov 24 The Bank of Punjab(BOP)	36,573,763 ▲ 0.00
Sui South Gas / Nov 24 Sui Southern Gas Company Limited(SSGC)	32,719,678 ▲ 0.00
PIA Holding Co.Ltd / Nov 24 PIA Holding Company Limited(PIAHCLA)	27,969,689 ▲ 0.00
Cnergyico PK / Nov 24 Cnergyico PK Limited(CNERGY)	25,874,820 ▲ 0.00

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