News Archives for Print - 2019-10-08

Azadi March: Minister regrets letter attributed to JUI-F

Punjab Information and Culture Minister Mian Aslam Iqbal has regretted that a letter attributed to Jamiat Ulema-e-Islam (JUI-F) is circulating on social media in which people have been motivated and seminaries students are instigated to join the so-called

Published 08 Oct, 2019 12:00am

Women protection: Sindh government ordered to form special security force

Sindh High Court (SHC) on Monday ordered the provincial government to constitute special Women Security Force for the protection of women. The SHC bench headed by Justice Salahuddin Panhwar issued the orders while hearing a petition related to shelter hou

Published 08 Oct, 2019 12:00am

CM gives nod to KWSIP worth $1.6 billion

Sindh Chief Minister Syed Murad Ali Shah has given a nod to launch $1.6 billion Karachi Water & Sewerage Improvement Programme (KWSIP) to make Water board, operationally, financially and institutionally viable.

Published 08 Oct, 2019 12:00am

Cotton

World Cotton Day: provision of pure seeds, steps to tackle weather changes urged

Speakers, on the occasion of World Cotton Day on October 7, urged the government to provide pure cotton seed and take necessary measures to tackle weather changes in the country.

Published 08 Oct, 2019 12:00am

Mayor inaugurates new section of lithotripsy in IKD

Mayor Karachi Wasim Akhtar Monday inaugurated a new section of lithotripsy in KMC-run Institute of Kidney Diseases (IKD) where a machine has been installed to break the kidney stone. Addressing the ceremony Wasim said that this is good news for people tha

Published 08 Oct, 2019 12:00am

Mutual Funds

Kohat Cement Limited (KOHC)

Kohat Cement (PSX: KOHC) is by far one of the strongest cement players in the industry and its consistent growth, strong demand in the market and good management has given the company a leg up.

Published 08 Oct, 2019 12:00am

Mutual Funds

Kohat Cement Limited (KOHC)

Kohat Cement (PSX: KOHC) is by far one of the strongest cement players in the industry and its consistent growth, strong demand in the market and good management has given the company a leg up.

Published 08 Oct, 2019 12:00am

US Senator praises Khan's speech at UNGA

Governor of Sindh Imran Ismail arranged a reception in honor of US Senators Chris Van Holley, Maggie Hassan and US Ambassador Paul W Jones in Islamabad. Speaking at the reception, the US Senator praised Prime Minister Imran Khan's speech at the UN General

Published 08 Oct, 2019 12:00am

Exchange

ICCBS attends Chinese international forum

International Center for Chemical and Biological Sciences (ICCBS), University of Karachi (KU) has participated in the "China-ASEAN International Forum in Innovation and Cooperation for Sustainable Development", held in Guilin, China in September. Professo

Published 08 Oct, 2019 12:00am

Partly Facetious: The Khan doesn't bother going to parliament

"It's good to see that the British leadership is facing a crisis similar to the one in Pakistan."

Published 08 Oct, 2019 12:00am

NICVD's Satellite Centre opens at LGH

Executive Director of National Institute of Cardiovascular Diseases (NICVD) Professor Nadeem Qamar on Monday inaugurated NICVD's ninth Satellite Centre of the cardiac health facility at Lyari General Hospital and vowed to establish another cardiac hospita

Published 08 Oct, 2019 12:00am

Centre's reluctance over revival of KCR deplorable: Ghani

Sindh Minister for Information & Archives Saeed Ghani has said that the federal government's constant reluctance over the revival of Karachi Circular Railway project was highly condemnable. Saeed Ghani said it was the PPP government that incorporated the

Published 08 Oct, 2019 12:00am

ACCA to mark 'Global Ethics Day' across country

The Association of Chartered Certified Accountants (ACCA), the British Deputy High Commission, Karachi, Pakistan Business Council's Centre of Excellence in Responsible Business (CERB) and CFA Society, Pakistan have joined forces to shine a light on ethics

Published 08 Oct, 2019 12:00am

JUI-F leader Durrani appears before NAB on corruption charges

Jamiat Ulema-e-Islam-Fazl (JUI-F) leader Akram Khan Durrani Monday appeared before National Accountability Bureau (NAB) investigators in connection with an inquiry initiated against him and his son on corruption charges and for allegedly accumulating asse

Published 08 Oct, 2019 12:00am

Public-private partnership: Government to run social protection programmes: Sania

Special Assistant on Social Protection and Poverty Alleviation Dr Sania Nishtar has said that the government has decided to run social protection programmes under a public-private partnership. Addressing a press conference here on Monday, she said that th

Published 08 Oct, 2019 12:00am

Malik's video scandal case: Nawaz challenges SC's verdict

The incarcerated former prime minister Nawaz Sharif on Monday challenged the Supreme Court's verdict in Judge Arshad Malik's video scandal case.

Published 08 Oct, 2019 12:00am

NA body briefed about HR violations in IOK

National Assembly's Standing Committee on Human Rights met here on Monday in the chair of Bilawal Bhutto Zardari. The special secretary, Ministry of Foreign Affairs, briefed the committee about ongoing human rights violations by Indian forces in the India

Published 08 Oct, 2019 12:00am

Exchange

SECP takes measures to regulate NPOs

The Securities and Exchange Commission of Pakistan (SECP) has taken effective measures to regulate non-profit organizations (NPOs) to enhance transparency in the sector, as a large segment of the NPO sector is seen as having a significant inherent vulnera

Published 08 Oct, 2019 12:00am

Absence from meetings: reprimands Islamabad mayor, CDA chief

The Senate Standing Committee on Climate Change Monday came down hard on Mayor Islamabad Sheikh Anser Aziz and Chairman Capital Development Authority (CDA) Amer Ali Ahmed for not showing up at the committee's meeting and decided to move a privilege motion

Published 08 Oct, 2019 12:00am

RBOD-II Mega Drainage Project: Senate panel voices concern over cost escalation of project

Senate Standing Committee on Planning, Development and Reforms has expressed serious concern over increase of Rs 48 billion in cost of RBOD-II Mega Drainage Project from Rs 14 billion to Rs 61.99 billion due to delay, faulty design, mismanagement, and lan

Published 08 Oct, 2019 12:00am

Currency

Multibillion rupees fake bank: Qaimkhani sent on judicial remand

The Accountability Court hearing the multibillion rupees fake bank accounts case on Monday turned down National Accountability Bureau's request to extend physical remand of Liaquat Qaimkhani, former Director General (Parks), Karachi Metropolitan Corporati

Published 08 Oct, 2019 12:00am

Millions of Pakistanis shelter less: PDP chairman

Giving poor people food, clothing and shelter has been a popular political slogan in Pakistan for decades, but millions of Pakistanis are shelter-less even today when the world is celebrating international habitat day, said Pasban Democratic Party (PDP) C

Published 08 Oct, 2019 12:00am

Al-Azizia reference case: IHC rejects request for suspending Nawaz's sentence

Islamabad High Court (IHC) on Monday postponed proceedings in a petition pertaining to Al-Azizia reference and Judge Arshad Malik video case.

Published 08 Oct, 2019 12:00am

Parliamentary panel annoyed over absence of minister

Expressing serious anger over the continued absence of Federal Minister for Science and Technology Fawad Chaudhary, a parliamentary panel on Monday provided him a last chance to attend the committee meetings; otherwise, a privileged motion will be moved a

Published 08 Oct, 2019 12:00am

Fake notification on social media: DC asks FIA Cyber Crime Wing to register case

The deputy commissioner Islamabad on Monday asked the director Federal Investigation Agency (FIA), Cyber Crime Wing, to register a case against the people involved in circulating a fake notification on social media by using the title/ name of the DC.

Published 08 Oct, 2019 12:00am

Exchange

PM shortens visit

Prime Minister Imran Khan has reportedly shortened his official visit to China from three days to two days because his meetings with the Chinese have not been streamlined, well-informed sources told Business Recorder.

Published 08 Oct, 2019 12:00am

Senior PTI leader resigns

A senior leader of Pakistan Tehreek-e-Insaf Abu Hassan Ansari on Monday called it a day after developing differences with former secretary general Jahangir Khan Tareen over the party's constitution. The sources within PTI told Business Recorder tha

Published 08 Oct, 2019 12:00am

Imran will be sent packing till end of year: Bilawal

Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari on Monday claimed that Prime Minister Imran Khan would be sent packing till the end of this year.

Published 08 Oct, 2019 12:00am

Bajwa reaches China

Chief of Army Staff (COAS) General Qamar Javed Bajwa on Monday reached China on an official visit, ISPR reported. Director General Inter-Services Public Relations (ISPR), Major General Asif Ghafoor, in a tweet said, "COAS General Qamar Javed Bajwa arrived

Published 08 Oct, 2019 12:00am

KP CM for finalizing projects to be included in CPEC

KP Chief Minister Mahmood Khan has directed all concerned departments to finalize working on developmental projects to be included in China-Pakistan Economic Corridor (CPEC) before the upcoming joint Cooperation Committee (JCC) schedule next month.

Published 08 Oct, 2019 12:00am

UBL launches firstever mobile contactless payments

UBL will be the first bank to offer mobile contactless payments in Pakistan with Visa, Gemalto and 1LINK. UBL is the first bank in Pakistan who has partnered up with Gemalto, a Thales company, Visa and 1LINK to launch digital payment through tokenization

Published 08 Oct, 2019 12:00am

Efforts of PIA Engineering acknowledged

A ceremony was held at PIA Head Office to acknowledge and appreciate the great efforts of PIA Engineering in recovery of two aircraft - B777 & A320. These aircrafts were made airworthy after long grounding of more than 1.5 years. As token of recognition P

Published 08 Oct, 2019 12:00am

U Microfinance Bank celebrates 200th branch network landmark

U Microfinance Bank inaugurates its 200th Branch situated in Gilgit with the commitment to take banking services to the last mile in Pakistan. The President & CEO of U Microfinance Bank, Kabeer Naqvi along with the management team inaugurated the branch o

Published 08 Oct, 2019 12:00am

Imran will be sent packing till end of year: Bilawal

Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari on Monday claimed that Prime Minister Imran Khan would be sent packing till the end of this year. Talking to media persons outside Adiala Jail Rawalpindi after having a meeting with his father a

Published 08 Oct, 2019 12:00am

Turkish aid agency sets up pro-skills centre in Karachi

Turkey's state-run aid agency opened a Centre for Pro-skills on Monday in port city of Karachi, aiming to support vocational education, and training for underprivileged youths. The centre has been established by the Turkish Cooperation and Coordination Ag

Published 08 Oct, 2019 12:00am

President for public awareness about breast cancer

President Dr Arif Alvi has emphasized the need for creating public awareness on breast cancer. "In this regard, the media should play its role in spreading awareness among the people particularly among the women folk," the President expressed these views

Published 08 Oct, 2019 12:00am

Traders give three-day ultimatum to FBR for fulfilment of demands

The protesting traders on Monday gave a three-day ultimatum to Federal Board of Revenue (FBR) to fulfil their demands; otherwise, they will go on a countrywide shutter-down and wheel-jam strike. The countrywide traders' convention, organised by Markazi Ta

Updated 01 Nov, 2019 06:01am

Tourism Malaysia to participate in PTM 2019

Tourism Malaysia will participate in the PTM 2019 being held from 8 to 10 October 2019 in Karachi Expo Center to welcome more tourists from Pakistan by highlighting VM2020 campaign. This year, a total of 18 organisations from Malaysia will participate in

Published 08 Oct, 2019 12:00am

Two more students of IBA-CEIF get PQTG scholarship

Pak-Qatar Takaful Group (PQTG), Pakistan's pioneer and the largest Takaful Group, in a ceremony awarded two more scholarships to MS IBF students Adil Memon and Ms Zainab Usmani-highest meritorious students at the Institute of Business Administration-Centr

Published 08 Oct, 2019 12:00am

FBR's findings: Qaimkhani never filed tax return during his service in KMC

Liaquat Ali Khan Qaimkhani, who was recently arrested by the National Accountability Bureau (NAB) over embezzlement of billions of rupees as DG KMC Parks, has never filed income tax return during his service in KMC from 1986 to 2011; it is learnt here.

Published 08 Oct, 2019 12:00am

Thatta water supply scheme reference: indictment of accused deferred

The Accountability Court hearing the multibillion rupees fake bank accounts on Monday deferred indictment of the accused of Thatta water supply scheme reference due to absence of some of the accused. Accountability Court Judge Muhammad Bashir hearing the

Published 08 Oct, 2019 12:00am

PM approves re-structuring plan of CDA

Prime Minister Imran Khan approved, in principle, re-structuring plan of Capital Development Authority (CDA) and directed that the plan be presented before the next cabinet meeting for consideration and final approval. The plan aims at restructuring of th

Published 08 Oct, 2019 12:00am

First mobile phone policy next month

Prime Minister's Advisor Commerce, Textile, Industries and Production and Investment, Abdul Razak Dawood on Monday hinted that the government will announce Pakistan's first Mobile Phone Policy next month. He said this while presiding over a meeting on dra

Published 08 Oct, 2019 12:00am

'An unwarranted march'

This is apropos a Business Recorder editorial 'An unwarranted march' carried by the newspaper yesterday. Country's two largest parties - PPP and PML(N) - seem to have shown a lot of prudence by seeking to summon an all-party conference ahead of JUI

Updated 08 Oct, 2019 07:42am

Trump walks away from Syria - and Republican allies

Donald Trump's abrupt reversal of policy in Syria plunged his presidency into even deeper isolation Monday, right when the ex-real estate tycoon needs all the allies he can get to defeat impeachment.

Updated 08 Oct, 2019 09:49am

Afghan generation knows only conflict as war turns 18

Afghanistan's war cost 13-year-old shoe shiner Hameedullah his education. Poverty forced Sabir, 11, to flee home and sell dried fruits on Kabul's streets. Niyamathullah, 9, hangs out in a park, looking for work.

Updated 08 Oct, 2019 07:16am

Rising food prices

Food prices have been rising rapidly in the last few months. According to the Consumer Price Index (CPI), the inflation rate in food prices was only 1.4 percent in the September 2018. A year later in September 2019 the rate of increase in food prices has

Updated 01 Nov, 2019 05:10am

Fight for media freedoms

Leaders of the media industry have come together to resist a blatant government attempt at media control. All print and electronic media organisations, owner of media groups, and all factions of journalists' unions met in Islamabad the other day where the

Updated 08 Oct, 2019 06:28am

'PML(N)'s landmines'

The present dispensation often blames the previous government for most of the ills of the economy. Commenting on the latest hike in power tariff, Federal Minister of Power, Omar Ayub Khan, has reiterated that the increase in power tariff by 83 paisas per

Updated 08 Oct, 2019 06:28am

Opposition parties reject proposed media tribunals

Members belonging to the opposition parties on Monday rejected the proposed 'media tribunal' during a meeting of the National Assembly Standing Committee on Information and Broadcasting. Contrary to expectations, the National Assembly Standing Committee o

Published 08 Oct, 2019 12:00am

Opposition parties reject proposed media tribunals

Members belonging to the opposition parties on Monday rejected the proposed 'media tribunal' during a meeting of the National Assembly Standing Committee on Information and Broadcasting. Contrary to expectations, the National Assembly Standing Committee o

Published 08 Oct, 2019 12:00am

Why LSM, other sectors showing negative trends?

Large scale manufacturing and real estate as well as other sectors of the economy are showing negative trends primarily because the government's decision to enforce all the measures concurrently. This was stated by a former finance minister who requested

Published 08 Oct, 2019 12:00am

Why LSM, other sectors showing negative trends?

Large scale manufacturing and real estate as well as other sectors of the economy are showing negative trends primarily because the government's decision to enforce all the measures concurrently. This was stated by a former finance minister who requested

Published 08 Oct, 2019 12:00am

Alleged arms deals kickbacks: French former government officials on trial

Three top former French government aides went on trial Monday charged with arranging a system of kickbacks on arms deals with Pakistan and Saudi Arabia in the 1990s. The trial is the first to arise out of a sprawling investigation into the so-called Karac

Published 08 Oct, 2019 12:00am

Alleged arms deals kickbacks: French former government officials on trial

Three top former French government aides went on trial Monday charged with arranging a system of kickbacks on arms deals with Pakistan and Saudi Arabia in the 1990s. The trial is the first to arise out of a sprawling investigation into the so-called Karac

Published 08 Oct, 2019 12:00am

Pakistan's MER adopted by APG

The Asia-Pacific Group of Money Laundering (APG) has adopted Pakistan's Mutual Evaluation Report (MER) in its 22nd Annual Meeting held in Canberra, Australia from August 18-23, 2019, which has now been uploaded on APG's website as per procedure. Pakistan'

Published 08 Oct, 2019 12:00am

Pakistan's MER adopted by APG

The Asia-Pacific Group of Money Laundering (APG) has adopted Pakistan's Mutual Evaluation Report (MER) in its 22nd Annual Meeting held in Canberra, Australia from August 18-23, 2019, which has now been uploaded on APG's website as per procedure. Pakistan'

Published 08 Oct, 2019 12:00am

Defence-related equipment: Supplier found involved in claiming inadmissible input tax adjustment

A supplier of defence-related equipment to a defense organization has been found involved in claiming inadmissible input tax adjustment against local purchases of computer equipments and Regional Tax Office (RTO) Islamabad has expanded the scope of invest

Published 08 Oct, 2019 12:00am

Defence-related equipment: Supplier found involved in claiming inadmissible input tax adjustment

A supplier of defence-related equipment to a defense organization has been found involved in claiming inadmissible input tax adjustment against local purchases of computer equipments and Regional Tax Office (RTO) Islamabad has expanded the scope of invest

Published 08 Oct, 2019 12:00am

SJC rejects Justice Isa's allegations

The Supreme Judicial Council (SJC) on Monday rejected the allegations leveled against it by Supreme Court Justice Qazi Faez Isa pertaining to a presidential reference filed against him. Justice Isa had accused the SJC of being partial with regard to the p

Published 08 Oct, 2019 12:00am

SJC rejects Justice Isa's allegations

The Supreme Judicial Council (SJC) on Monday rejected the allegations leveled against it by Supreme Court Justice Qazi Faez Isa pertaining to a presidential reference filed against him. Justice Isa had accused the SJC of being partial with regard to the p

Published 08 Oct, 2019 12:00am

Rajnath to perform 'Shastra Puja'

India's defence minister Rajnath Singh will meet French President Emmanuel Macron on Tuesday, before proceeding to Bordeaux to participate in the Rafale fighter jet handing-over ceremony at Merignac, according to NDTV. The same day, he will perform "Shast

Published 08 Oct, 2019 12:00am

Rajnath to perform 'Shastra Puja'

India's defence minister Rajnath Singh will meet French President Emmanuel Macron on Tuesday, before proceeding to Bordeaux to participate in the Rafale fighter jet handing-over ceremony at Merignac, according to NDTV. The same day, he will perform "Shast

Published 08 Oct, 2019 12:00am

Judge orders Trump to hand over tax returns to New York prosecutors

A federal judge on Monday said U.S. President Donald Trump must hand over eight years of tax returns to Manhattan prosecutors, forcefully rejecting the president's argument that he was immune from criminal investigations.

Published 08 Oct, 2019 12:00am

Judge orders Trump to hand over tax returns to New York prosecutors

A federal judge on Monday said U.S. President Donald Trump must hand over eight years of tax returns to Manhattan prosecutors, forcefully rejecting the president's argument that he was immune from criminal investigations.

Published 08 Oct, 2019 12:00am

SC suspends ET's decision to deseat Suri

National Assembly's Deputy Speaker Qasim Suri heaved a sigh of relief after the Supreme Court Monday suspended a decision of an Election Tribunal, which nullified his election as member of the Lower House of the Parliament. A three-judge bench headed by J

Published 08 Oct, 2019 12:00am

SC suspends ET's decision to deseat Suri

National Assembly's Deputy Speaker Qasim Suri heaved a sigh of relief after the Supreme Court Monday suspended a decision of an Election Tribunal, which nullified his election as member of the Lower House of the Parliament. A three-judge bench headed by J

Published 08 Oct, 2019 12:00am

PM launches 'Ehsaas Langar Scheme'

Prime Minister Imran Khan said on Monday that the government is striving to help businesses and industry so that they may make money and pay taxes, which the government would spend on the poor to make the country a welfare state. Speaking at the launch of

Published 08 Oct, 2019 12:00am

PM launches 'Ehsaas Langar Scheme'

Prime Minister Imran Khan said on Monday that the government is striving to help businesses and industry so that they may make money and pay taxes, which the government would spend on the poor to make the country a welfare state. Speaking at the launch of

Published 08 Oct, 2019 12:00am

ADB approves additional $200 million loan for BISP

The Asian Development Bank (ADB) has approved a $200 million loan as additional financing to help support the government of Pakistan's flagship social protection program, Benazir Income Support Program (BISP), which supports more than 5 million eligible f

Published 08 Oct, 2019 12:00am

ADB approves additional $200 million loan for BISP

The Asian Development Bank (ADB) has approved a $200 million loan as additional financing to help support the government of Pakistan's flagship social protection program, Benazir Income Support Program (BISP), which supports more than 5 million eligible f

Published 08 Oct, 2019 12:00am

$321.5 million borrowed from foreign banks in two months

The government procured $321.50 million from foreign commercial banks (around 20 percent) out of total external loans of $1.622 billion in the first two months (July-August) of 2019-20 and 50 percent more than the comparable period of last year ($820.05 m

Published 08 Oct, 2019 12:00am

$321.5 million borrowed from foreign banks in two months

The government procured $321.50 million from foreign commercial banks (around 20 percent) out of total external loans of $1.622 billion in the first two months (July-August) of 2019-20 and 50 percent more than the comparable period of last year ($820.05 m

Published 08 Oct, 2019 12:00am

ADB extends COBP but slashes resource allocations

Asian Development Bank (ADB) has extended its current Country Operation Business Plan (COBP) for Pakistan to 2020-2022 but slashed resource allocation for energy sector from $2.245 billion to $1.67 billion, Public Sector Management from $1.2 billion to $3

Published 08 Oct, 2019 12:00am

ADB extends COBP but slashes resource allocations

Asian Development Bank (ADB) has extended its current Country Operation Business Plan (COBP) for Pakistan to 2020-2022 but slashed resource allocation for energy sector from $2.245 billion to $1.67 billion, Public Sector Management from $1.2 billion to $3

Published 08 Oct, 2019 12:00am

Debt stocks soar to Rs 32.24 trillion in July-August

The federal government's total debt (domestic and external) stocks rose by Rs 453.4 billion during the first two months of this fiscal year, mainly due to massive borrowing from domestic resources. According to State Bank of Pakistan (SBP), the central go

Published 08 Oct, 2019 12:00am

Debt stocks soar to Rs 32.24 trillion in July-August

The federal government's total debt (domestic and external) stocks rose by Rs 453.4 billion during the first two months of this fiscal year, mainly due to massive borrowing from domestic resources. According to State Bank of Pakistan (SBP), the central go

Published 08 Oct, 2019 12:00am

Exchange

CPEC projects: PM to apprise China of decisions

Prime Minister Imran Khan will apprise Chinese leadership of the government's recent landmark decisions to speed up implementation of ongoing CPEC projects as well as efforts to project CPEC as a High-Quality Demonstration Project of BRI, Foreign Office s

Published 08 Oct, 2019 12:00am

Exchange

CPEC projects: PM to apprise China of decisions

Prime Minister Imran Khan will apprise Chinese leadership of the government's recent landmark decisions to speed up implementation of ongoing CPEC projects as well as efforts to project CPEC as a High-Quality Demonstration Project of BRI, Foreign Office s

Published 08 Oct, 2019 12:00am

Gwadar Port, Gwadar Free Zone: Amendments to tax laws approved by Cabinet

The Federal Cabinet has approved amendments in tax laws relating to tax concessions/ exemptions with respect to Gwadar Port and Gwadar Free Zone, after Federal Board of Revenue (FBR) and Ministry of Maritime Affairs (MoMA) reached an agreement, well-infor

Published 08 Oct, 2019 12:00am

Gwadar Port, Gwadar Free Zone: Amendments to tax laws approved by Cabinet

The Federal Cabinet has approved amendments in tax laws relating to tax concessions/ exemptions with respect to Gwadar Port and Gwadar Free Zone, after Federal Board of Revenue (FBR) and Ministry of Maritime Affairs (MoMA) reached an agreement, well-infor

Updated 01 Nov, 2019 05:13am

CPEC Authority, Gwadar Port: Ordinances promulgated

President Dr Arif Alvi on Monday promulgated two ordinances to set up the China-Pakistan Economic Corridor Authority and grant tax concessions to the Gwadar port and its free zone, sending a strong signal to Beijing that Islamabad is serious in implementi

Published 08 Oct, 2019 12:00am

CPEC Authority, Gwadar Port: Ordinances promulgated

President Dr Arif Alvi on Monday promulgated two ordinances to set up the China-Pakistan Economic Corridor Authority and grant tax concessions to the Gwadar port and its free zone, sending a strong signal to Beijing that Islamabad is serious in implementi

Published 08 Oct, 2019 12:00am

Electronic equipment: PEMA members denied rebate

Commerce Division on Monday refused to give any kind of rebate on export of refrigerators and other electric equipment due to current economic impasse. This was the crux of a meeting held in the Commerce Division under the chairmanship of Prime Minister's

Published 08 Oct, 2019 12:00am

Electronic equipment: PEMA members denied rebate

Commerce Division on Monday refused to give any kind of rebate on export of refrigerators and other electric equipment due to current economic impasse. This was the crux of a meeting held in the Commerce Division under the chairmanship of Prime Minister's

Published 08 Oct, 2019 12:00am

Exchange

KSE-100 Index rallies on FATF: BRIndex100 stays buoyant

Pakistan Stock Exchange Monday witnessed a bullish trend on the back of healthy buying, mainly by local investors in almost all sectors. BRIndex100 gained 78.03 points or 2.24 percent to close at 3,553.91 points. BRIndex100 touched intraday high of 3,583.

Published 08 Oct, 2019 12:00am

Exchange

KSE-100 Index rallies on FATF: BRIndex100 stays buoyant

Pakistan Stock Exchange Monday witnessed a bullish trend on the back of healthy buying, mainly by local investors in almost all sectors. BRIndex100 gained 78.03 points or 2.24 percent to close at 3,553.91 points. BRIndex100 touched intraday high of 3,583.

Published 08 Oct, 2019 12:00am

Exchange

KSE-100 Index rallies on FATF: BRIndex100 stays buoyant

Pakistan Stock Exchange Monday witnessed a bullish trend on the back of healthy buying, mainly by local investors in almost all sectors. BRIndex100 gained 78.03 points or 2.24 percent to close at 3,553.91 points. BRIndex100 touched intraday high of 3,583.

Updated 09 Oct, 2019 04:28am

Climate 'rebellion' sees mass arrests, blocked roads

Climate protesters from Sydney to New York blocked roads Monday, sparking mass arrests, as they started two weeks of civil disobedience demanding immediate action to save the Earth from "extinction." The demonstrations, triggered by the group Extinction R

Published 08 Oct, 2019 12:00am

Climate 'rebellion' sees mass arrests, blocked roads

Climate protesters from Sydney to New York blocked roads Monday, sparking mass arrests, as they started two weeks of civil disobedience demanding immediate action to save the Earth from "extinction." The demonstrations, triggered by the group Extinction R

Published 08 Oct, 2019 12:00am

Asia-Pacific Group Co-chair: Pakistan reiterates objections over India's credentials

Pakistan Monday reiterated its objection over India's credentials to be co-chair of the Asia-Pacific Joint Group that reviews Pakistan's progress to implement the Financial Action Task Force (FATF) action plan following the Indian defense minister claimed

Published 08 Oct, 2019 12:00am

Asia-Pacific Group Co-chair: Pakistan reiterates objections over India's credentials

Pakistan Monday reiterated its objection over India's credentials to be co-chair of the Asia-Pacific Joint Group that reviews Pakistan's progress to implement the Financial Action Task Force (FATF) action plan following the Indian defense minister claimed

Published 08 Oct, 2019 12:00am

Exchange

US Senators meet PM, army chief

The visiting US Senators Christopher Van Hollen and Margaret C. Hassan called on Prime Minister Imran Khan on Monday. The senators are visiting Pakistan to have first hand information and an in-depth assessment of the evolving situation following India's

Published 08 Oct, 2019 12:00am

Exchange

US Senators meet PM, army chief

The visiting US Senators Christopher Van Hollen and Margaret C. Hassan called on Prime Minister Imran Khan on Monday. The senators are visiting Pakistan to have first hand information and an in-depth assessment of the evolving situation following India's

Published 08 Oct, 2019 12:00am

Exchange

Kidnapped Indian engineers released in Taliban prisoner swap

The Taliban has released three kidnapped engineers from India in exchange for 11 members of the militant group who were held in an Afghan prison, a senior Afghan government source said on Monday. The Indian engineers were among seven, along with an Afghan

Published 08 Oct, 2019 12:00am

Exchange

Kidnapped Indian engineers released in Taliban prisoner swap

The Taliban has released three kidnapped engineers from India in exchange for 11 members of the militant group who were held in an Afghan prison, a senior Afghan government source said on Monday. The Indian engineers were among seven, along with an Afghan

Published 08 Oct, 2019 12:00am

Exchange

US natural gas futures rise on cooler weather

US natural gas futures edged up on Friday to their highest in a week on forecasts heating demand and liquefied natural gas (LNG) exports will rise in a couple of weeks as the weather cools.

Published 08 Oct, 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

Most Popular