News Archives for Print - 2019-10-13

General News

Turkey steps up assault on Syria Kurds

Ankara stepped up its assault on Kurdish-held border towns in northeastern Syria on Saturday, defying mounting threats of international sanctions, even from Washington. Buoyed by a night of steady advances in the countryside, Turkish troops and their Syri

Published 13 Oct, 2019 12:00am

Turkey steps up assault on Syria Kurds

Ankara stepped up its assault on Kurdish-held border towns in northeastern Syria on Saturday, defying mounting threats of international sanctions, even from Washington. Buoyed by a night of steady advances in the countryside, Turkish troops and their Syri

Published 13 Oct, 2019 12:00am

General News

7 injured in grenade attack in held Srinagar: Pressure forces India's hand to ease cell phone shutdown

The Indian government said Saturday it would unblock most mobile telephone lines in Kashmir in a major easing of a two-month-old security clampdown since cancelling the region's autonomy, but a grenade attack in the main city highlighted tensions over New

Published 13 Oct, 2019 12:00am

7 injured in grenade attack in held Srinagar: Pressure forces India's hand to ease cell phone shutdown

The Indian government said Saturday it would unblock most mobile telephone lines in Kashmir in a major easing of a two-month-old security clampdown since cancelling the region's autonomy, but a grenade attack in the main city highlighted tensions over New

Published 13 Oct, 2019 12:00am

General News

Kashmir not raised during Xi-Modi talks, claims India

India's Prime Minister Narendra Modi called Saturday for a "new era" in relations with China as he held talks with President Xi Jinping aiming to overcome troublesome differences between the world's two most populous nations. Modi and Xi strolled along a

Published 13 Oct, 2019 12:00am

Kashmir not raised during Xi-Modi talks, claims India

India's Prime Minister Narendra Modi called Saturday for a "new era" in relations with China as he held talks with President Xi Jinping aiming to overcome troublesome differences between the world's two most populous nations. Modi and Xi strolled along a

Published 13 Oct, 2019 12:00am

Stocks

SECP revises conditions for public offerings

The Securities and Exchange Commission of Pakistan (SECP) has revised conditions for public offer of securities by the issuers. The SECP has issued draft amendments to the Public Offering Regulations, 2017, on Saturday. The SECP has also offered an exit o

Updated 14 Oct, 2019 11:26am

SECP revises conditions for public offerings

The Securities and Exchange Commission of Pakistan (SECP) has revised conditions for public offer of securities by the issuers. The SECP has issued draft amendments to the Public Offering Regulations, 2017, on Saturday. The SECP has also offered an exit o

Published 13 Oct, 2019 12:00am

Stocks

Appointment of REIT trustee: SECP delegates certain powers, functions to SCD ED

The Securities and Exchange Commission of Pakistan (SECP) has delegated certain powers and functions of the Commission to executive director, Specialized Companies Division, to approve appointment of trustee of the Real Estate Investment Trust.

Updated 14 Oct, 2019 11:26am

Appointment of REIT trustee: SECP delegates certain powers, functions to SCD ED

The Securities and Exchange Commission of Pakistan (SECP) has delegated certain powers and functions of the Commission to executive director, Specialized Companies Division, to approve appointment of trustee of the Real Estate Investment Trust.

Published 13 Oct, 2019 12:00am

Global Business Economy

Trump again touts partial trade deal with China

President Donald Trump on Saturday touted his partial, unsigned trade deal with China as a major achievement and the best deal US farmers have ever secured. "WOW, the Farmers really hit pay dirt," Trump tweeted. Friday's initial agreement, which marks a h

Updated 13 Oct, 2019 05:15am

Trump again touts partial trade deal with China

President Donald Trump on Saturday touted his partial, unsigned trade deal with China as a major achievement and the best deal US farmers have ever secured. "WOW, the Farmers really hit pay dirt," Trump tweeted. Friday's initial agreement, which marks a h

Updated 13 Oct, 2019 05:11am

General News

Legal reform package: Six new laws to be promulgated thru Presidential Ords

The government is likely to promulgate six new laws as legal reform package through Presidential Ordinances as the processing of approval of new laws is very slow in Parliament due to the government's thin majority in the national assembly and a minority

Published 13 Oct, 2019 12:00am

Legal reform package: Six new laws to be promulgated thru Presidential Ords

The government is likely to promulgate six new laws as legal reform package through Presidential Ordinances as the processing of approval of new laws is very slow in Parliament due to the government's thin majority in the national assembly and a minority

Published 13 Oct, 2019 12:00am

General News

Two dead as 'unprecedented' Typhoon Hagibis slams into Japan

Powerful Typhoon Hagibis slammed into Japan on Saturday, killing at least two people and prompting authorities to issue their highest level of disaster warning over "unprecedented" downpours that caused flooding and landslides. Around 7.3 million people w

Published 13 Oct, 2019 12:00am

Two dead as 'unprecedented' Typhoon Hagibis slams into Japan

Powerful Typhoon Hagibis slammed into Japan on Saturday, killing at least two people and prompting authorities to issue their highest level of disaster warning over "unprecedented" downpours that caused flooding and landslides. Around 7.3 million people w

Published 13 Oct, 2019 12:00am

General News

Saudi Arabia says it was ready to help Iran vessel

Saudi Arabia said Saturday it was ready to help the Iranian tanker that was allegedly attacked off the kingdom's coast, but the ship turned off its tracking system. The National Iranian Tanker Company, which owns the Sabiti, said its hull was hit by two s

Published 13 Oct, 2019 12:00am

Saudi Arabia says it was ready to help Iran vessel

Saudi Arabia said Saturday it was ready to help the Iranian tanker that was allegedly attacked off the kingdom's coast, but the ship turned off its tracking system. The National Iranian Tanker Company, which owns the Sabiti, said its hull was hit by two s

Published 13 Oct, 2019 12:00am

General News

Iran vows response

Iran vowed on Saturday not to let an attack on one of its oil tankers off the coast of Saudi Arabia to go unanswered, the semi-official ISNA news agency reported. Ali Shamkhani, secretary of the Supreme National Security Council, said clues had been uncov

Published 13 Oct, 2019 12:00am

Iran vows response

Iran vowed on Saturday not to let an attack on one of its oil tankers off the coast of Saudi Arabia to go unanswered, the semi-official ISNA news agency reported. Ali Shamkhani, secretary of the Supreme National Security Council, said clues had been uncov

Published 13 Oct, 2019 12:00am

General News

Pakistan's mediation efforts welcomed

Iran's Foreign Minister Mohammad Javad Zarif has said Tehran welcomes efforts by intermediaries to mediate between Tehran and Riyadh. "We've always been open to discussing anything with Saudi Arabia. Saudi Arabia is our neighbor. We're going to be here to

Published 13 Oct, 2019 12:00am

Pakistan's mediation efforts welcomed

Iran's Foreign Minister Mohammad Javad Zarif has said Tehran welcomes efforts by intermediaries to mediate between Tehran and Riyadh. "We've always been open to discussing anything with Saudi Arabia. Saudi Arabia is our neighbor. We're going to be here to

Published 13 Oct, 2019 12:00am

Business & Economy

Twin deficits contained: Hafeez

Adviser to Prime Minister on Finance, Abdul Hafeez Shaikh Saturday stated that the government has been able to control two major deficits - trade and fiscal deficits - as trade deficit was contracted to $5.7 billion and budget deficit to Rs 476 billion in

Published 13 Oct, 2019 12:00am

Twin deficits contained: Hafeez

Adviser to Prime Minister on Finance, Abdul Hafeez Shaikh Saturday stated that the government has been able to control two major deficits - trade and fiscal deficits - as trade deficit was contracted to $5.7 billion and budget deficit to Rs 476 billion in

Published 13 Oct, 2019 12:00am

Money & Banking

Development portfolio: WB, EAD and PC teams entrusted with responsibility to simplify approval process

The government economic team has entrusted technical teams from the Economic Affairs Division, the Planning Commission and the World Bank to chalk out a roadmap for simplifying the structure of existing approval process of the development portfolio while

Updated 14 Oct, 2019 11:26am

Development portfolio: WB, EAD and PC teams entrusted with responsibility to simplify approval process

The government economic team has entrusted technical teams from the Economic Affairs Division, the Planning Commission and the World Bank to chalk out a roadmap for simplifying the structure of existing approval process of the development portfolio while

Published 13 Oct, 2019 12:00am

General News

Judge video scandal: FIA raids Nasir Butt's house

Federal Investigation Agency (FIA) on Saturday conducted a raid at the residence of Nasir Butt, a supporter of Pakistan Muslim League-Nawaz (PML-N) and main character of the judge video scandal. Sources told that FIA's anti-terrorism wing raided the house

Published 13 Oct, 2019 12:00am

General News

'Azadi March': PML-N to convey Nawaz's message to Fazl today

The Pakistan Muslim League-Nawaz (PML-N) in a consultative meeting presided over by its president failed to finalise a strategy regarding participation in the JUI-F's Azadi March, however, it decided to meet Maulana Fazl-ur-Rehman on Sunday (today) to sha

Published 13 Oct, 2019 12:00am

'Azadi March': PML-N to convey Nawaz's message to Fazl today

The Pakistan Muslim League-Nawaz (PML-N) in a consultative meeting presided over by its president failed to finalise a strategy regarding participation in the JUI-F's Azadi March, however, it decided to meet Maulana Fazl-ur-Rehman on Sunday (today) to sha

Published 13 Oct, 2019 12:00am

Business & Economy

Acute shortage of imported food items attributed to rupee depreciation

Local markets are witnessing an acute shortage of imported food items which traders attribute to import compression due to rupee depreciation, surge in regulatory duties and the decision dated 22 February 2019 when Ministry of Commerce & Textiles made it

Published 13 Oct, 2019 12:00am

Acute shortage of imported food items attributed to rupee depreciation

Local markets are witnessing an acute shortage of imported food items which traders attribute to import compression due to rupee depreciation, surge in regulatory duties and the decision dated 22 February 2019 when Ministry of Commerce & Textiles made it

Published 13 Oct, 2019 12:00am

General News

16 killed in Burkina Faso mosque attack

Sixteen people died and two were seriously injured in an attack on a mosque in Burkina Faso's volatile north, security sources said Saturday. Armed men attacked the Grand Mosque in Salmossi on Friday evening, a source told AFP, adding that 13 died on the

Published 13 Oct, 2019 12:00am

16 killed in Burkina Faso mosque attack

Sixteen people died and two were seriously injured in an attack on a mosque in Burkina Faso's volatile north, security sources said Saturday. Armed men attacked the Grand Mosque in Salmossi on Friday evening, a source told AFP, adding that 13 died on the

Published 13 Oct, 2019 12:00am

General News

Assets beyond means case: AC issues arrest warrants for Durrani's family members

An accountability court on Saturday issued arrest warrants of family members of Sindh Assembly Speaker Agha Siraj Durrani in assets beyond means reference. The court issued arrest warrants of Siraj Durrani's wife, Naheed Durrani, son Agha Shehbaz Ali Khan

Published 13 Oct, 2019 12:00am

Assets beyond means case: AC issues arrest warrants for Durrani's family members

An accountability court on Saturday issued arrest warrants of family members of Sindh Assembly Speaker Agha Siraj Durrani in assets beyond means reference. The court issued arrest warrants of Siraj Durrani's wife, Naheed Durrani, son Agha Shehbaz Ali Khan

Published 13 Oct, 2019 12:00am

Stocks

Investor confidence improving: PSX shows over 200pc growth in terms of volume

Over 200 percent significant increase in trading volumes at Pakistan Stock Exchange (PSX) demonstrates stability and improving investor confidence in the market. Trading data of the PSX shows that since the change of the management at the Securities and E

Updated 14 Oct, 2019 11:27am

Investor confidence improving: PSX shows over 200pc growth in terms of volume

Over 200 percent significant increase in trading volumes at Pakistan Stock Exchange (PSX) demonstrates stability and improving investor confidence in the market. Trading data of the PSX shows that since the change of the management at the Securities and E

Published 13 Oct, 2019 12:00am

It's not appropriate

Only a day before the prime minister's departure for Beijing, the National Accountability Bureau (NAB) declared that it will no more probe tax evasion and bank default cases. The bureau's declaration came after a clutch of business tycoons called on the p

Updated 14 Oct, 2019 06:35am

A commendable achievement

The Election Commission of Pakistan (ECP) has done some good work to increase women's participation in the electoral process, registering 4.5 million new female voters. According to its Additional Director General, this has been achieved by launching a tw

Updated 14 Oct, 2019 06:35am

Phasing out plastic bags

There are no two opinions on that this country needs to get rid of the ubiquitous polythene bags and other single-use plastic products, causing harm to human health and the environment. The Gilgit-Baltistan government took the first step in that direction

Updated 14 Oct, 2019 06:35am

Articles

Resetting factory settings?

Last week, a versatile group of businessmen met with army chief in a five-and-a-half-hour long meeting. The GHQ's message was clear - the present government will complete its tenure so strategize accordingly. Now this week, sentiment is fast changing - bo

Updated 14 Oct, 2019 06:57am

Articles

Embattled Trump takes victory lap on China trade deal

Engulfed in an impeachment inquiry and other political turmoil, US President Donald Trump on Friday trumpeted the success of his hard-line stance with China, claiming to have scored a major win in the grinding trade war between the economic powers.

Published 13 Oct, 2019 12:00am

Articles

Rough road ahead for Abiy after Nobel triumph

Ethiopian Prime Minister Abiy Ahmed faces stark challenges on the very issues that earned him a Nobel Peace Prize on Friday, and analysts say the coming months may tell whether he can translate this early applause into concrete success.

Published 13 Oct, 2019 12:00am

Letters

Energy efficiency - does anyone care?

With reference to "NPCC accused of using expensive power plants in August" (BR Oct. 7) and an absurd response from NTDC, justifying use of inefficient furnace oil power plants (BR Oct. 9). This present scenario is typical of our energy sector when we favo

Published 13 Oct, 2019 12:00am

General News

Firdous asks Fazl to abandon 'Azadi March' plan

Special Assistant to Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan has claimed that the so-called 'Azadi March' by the Jamiat Ulema-e-Islam-Fazl (JUI-F) on October 31 has been planned for the freedom of thieves and "not for the free

Published 13 Oct, 2019 12:00am

General News

No compromise on accountability process: Fawad

Federal Minister for Science and Technology Fawad Chaudhry said on Saturday that no compromise would be made on accountability process. The minister said that the federal government's policy for the planned protest by the Jamiat Ulema-e-Islam-Fazl (JUI-F)

Published 13 Oct, 2019 12:00am

General News

JUI-F, RAW have same objectives, alleges minister

Federal Minister for Aviation Ghulam Sarwar Khan has said agenda of 'Azadi March' is not clear and alleged that objectives of Jamiat Ulema-e-Islam-Fazl (JUI-F) chief Maulana Fazlur Rehman and Indian spy agency Research and Analysis Wing (RAW) are same.

Published 13 Oct, 2019 12:00am

Prices of essential kitchen items witness upward trend

Prices of essential kitchen items witnessed an increase during this week past as compared to previous week, a survey conducted by Business Recorder revealed here on Saturday. Traders at wholesale markets of Rawalpindi-Islamabad, which supplies an e

Published 13 Oct, 2019 12:00am

General News

Five killed, two hurt in DIK road accident

At least five persons were killed and two other sustained injuries when two motorcycles collided in Dera Ismail Khan on Friday night. According to eye-witnesses, the accident was so severe that all the victims died before getting any medical treatment. Th

Published 13 Oct, 2019 12:00am

General News

Fazl terms PM's China visit 'disappointing'

Emir Jamiat Ulema-e-Islam-Fazl (JUI-F) Maulana Fazlur Rehman while lambasting Pakistan Tehreek-e-Insaf (PTI) government's foreign policy on Saturday said that Pakistan's friends in global community know about the official status of the country's policy on

Published 13 Oct, 2019 12:00am

General News

Pakistan urges Afghan government to reopen consulate

Pakistan on Saturday rejected the insinuations contained in the statement issued by the Afghan Foreign Ministry regarding a market in Peshawar. "It is deeply regrettable that a distorted and misleading account of the issue and related events has been pres

Published 13 Oct, 2019 12:00am

Stocks

Non-listed companies' classification criteria revised

The Securities and Exchange Commission of Pakistan (SECP) has revised classification criteria of non-listed companies. The SECP has amended Third Schedule (Classification of Companies) of the Companies Act, 2017 through an SRO 1195(I)/2019. According to t

Updated 14 Oct, 2019 11:27am

Business & Economy

PSDP 2019-20: Rs 160.59 billion released under PSDP

The federal government has released Rs 160.59 billion (23 percent) including Rs 39.94 billion foreign aid (24 percent) for various ongoing and new development projects under Public Sector Development Program (PSDP) 2019-20 against the total budgeted alloc

Published 13 Oct, 2019 12:00am

General News

Crime rate continues to rise in Centre

The incidents of various kinds of crimes witnessed an upward trend as over eight cases of car lifting, seven cases of different thefts and three cases of kidnapping were reported to various police stations of the city during the last week. According to da

Published 13 Oct, 2019 12:00am

General News

Salam Teachers' Day marked: Buzdar for staging protest march to end unemployment and poverty

Punjab chief minister Sardar Usman Buzdar Saturday said that the PTI government is determined for bringing improvement in the national economy and to raise the living standard of common man. "There is howling nowadays regarding the march. If march is that

Published 13 Oct, 2019 12:00am

General News

National medicine policy to be unfolded next month: Mirza

The Special Assistant on Health Dr Zafar Mirza on Saturday announced that long-awaited National Medicine Policy will be announced by end of next month. Dr Zafar Mirza, while addressing a seminar in Rawalpindi, predicted that the pharmaceutical sector will

Published 13 Oct, 2019 12:00am

General News

India creating war-like situation at LoC: AJK president

Azad Jammu & Kashmir (AJK) President Sardar Masood Khan on Saturday condemned in the strongest terms the unprovoked shelling by Indian forces in different sectors including Neelum valley and the consequential loss of human life and property. In a statemen

Published 13 Oct, 2019 12:00am

Business & Economy

Delay in uplift plans attributed to red-tapism

Sindh government's departments are not complying with the rules to send the documents related to uplift schemes in the province to Monitoring & Evaluation Cell (M&EC) of Planning & Development Department in time to inspect the work progress.

Published 13 Oct, 2019 12:00am

General News

Rehabilitation of parks: Adopt-a-Park policy aimed at engaging community

Chief Secretary Sindh Syed Mumtaz Ali Shah said the provincial government decided to engage community through Public Private Partnership to rehabilitate and make parks sustainable which were cleared from encroachment.

Published 13 Oct, 2019 12:00am

General News

Poor being murdered economically: Bilawal

The Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto-Zardari held a rally in Larkana on Saturday against the inflation and unemployment in the country and said that poor people are getting economically murdered.

Published 13 Oct, 2019 12:00am

Taxes

E&T Department collects Rs 18.386 billion in Q1

Sindh Excise and Taxation (E&T) Department has collected Rs 18.386 billion during first quarter of current fiscal year. According to details, during July-September 2019, the department has collected Rs 18.386 billion.

Updated 14 Oct, 2019 11:29am

General News

Jailbreak case: ATC awards six-year prison term to 14 accused

An Anti-Terrorism Court (ATC) on Saturday handed six years sentence to 14 accused in 2017 jail break incident. Those handed prison terms and fine were also included Assistant Superintendent Jail Ghulam Murtaza. Two members of a banned terrorist group were

Published 13 Oct, 2019 12:00am

General News

Road carpeting work: Councillor collects funds from friends

Taking an initiative to facilitate the area people, a young councillor of Union Committee (UC) 18, North Nazimabad, Mustafa Karani managed to collect Rs 0.4 million funds from his friends for carpeting work at Bilal Street. On Saturday, road carpeting was

Published 13 Oct, 2019 12:00am

General News

Through private contractors: Murad proposes door-to-door garbage collection by DMCs

Sindh Chief Minister Syed Murad Ali Shah in order to make the ongoing cleanliness drive sustainable has directed local government department to seek proposal from DMCs for undertaking door-to-door garbage collection through local contractors so that Sindh

Published 13 Oct, 2019 12:00am

Fall in pulses import stands at $15.875 million

Pakistan imported 15.14 percent less pulses to $88.974 million during July-Aug 2018-19, official figures say. Fall in pulses import now stands at $15.875 million during July-Aug 2018-19 from $104.849 million in July-Aug 2017-18, Pakistan Bureau of Statist

Published 13 Oct, 2019 12:00am

Business & Economy

'Additional measures needed to boost real estate sector'

The government is required to take additional measures to boost real estate sector, including new incentives to Real Estate Investment Trusts (REITs), revision of Builders and Developers Special Procedures Rules 2019, availability of concessionary credit

Published 13 Oct, 2019 12:00am

Telecommunication

Telenor empowers customers by 'More Se Zyada' of everything

Telenor Pakistan has reiterated its commitment by promising to give its customers 'More Se Zyada' of everything that matters the most to them while pledging to open doors to new possibilities through its products and services.

Updated 14 Oct, 2019 07:10am

Business & Economy

Transit trade at Torkham border increases manifold

Pak-Afghan bilateral and transit trade at Torkham border has registered manifold increase after the opening of the round-the-clock clearance of goods carrying trucks at the border. However, traders on both sides of the border seek more facilities to promo

Published 13 Oct, 2019 12:00am

Business & Economy

KP allocates Rs 162 billion for newly merged districts: CM

KP Chief Minister Mahmood Khan has said that a huge sum of Rs.162 billion has been allocated for newly merged Districts in the current fiscal year that is an almost three time higher than last year. Talking to a delegation in the Chief Minister's House he

Published 13 Oct, 2019 12:00am

General News

Regional connectivity imperative for countering terrorism: NA speaker

Speaker National Assembly Asad Qaiser has underlined the need for enhancing connectivity between the regional countries to counter security threats being faced by the region. He said that terrorism is a common threat to nations which is adversely effectin

Published 13 Oct, 2019 12:00am

Business & Economy

Sarhad chamber's nominees for FPCCI poll

The executive committee of Sarhad Chamber of Commerce and Industry through a unanimous resolution, has nominated former SSCI president and Horticulture Development and Export Company chairman Faud Ishaq and Abidullah Yousafzai, the chamber former VP as ca

Published 13 Oct, 2019 12:00am

Business & Economy

Centre and KP government earmark Rs 314 billion for erstwhile Fata

The combined allocation by federal and Khyber Pakhtunkhwa (KP) governments to the erstwhile Federally Administered Tribal Areas (FATA) in the current year is Rs 314 billion. The federal government has allocated Rs 152 billion (the entire amount earmarked

Published 13 Oct, 2019 12:00am

Business & Economy

Hazara Motorway to become operational in November

Fifty-nine kilometers long E-35, also known as Hazara Motorway which is an important part of China-Pakistan Economic Corridor (CPEC), is all set to be fully operational in the first week of November. Senior officials of the National Highway Authority (NHA

Published 13 Oct, 2019 12:00am

Business & Economy

PIAF warns government of reliance on expensive commercial borrowing

As the government's reliance on expensive foreign funding continued to rise, the Pakistan Industrial & Traders Association Front (PIAF) has called for generating cheap funding, which dropped significantly.

Published 13 Oct, 2019 12:00am

Business & Economy

FEBR for early amendments to taxation on retailers' purchases

The Friends of Economic and Business Reforms (FEBR), has urged the FBR chairman to bring amendments related to the purchases in income tax returns of retailers, not registered in sales tax as business activities had grinded to a halt due to uncertainty in

Published 13 Oct, 2019 12:00am

General News

UAF signs MoU with PTIB

Punjab Information Technology Board (PTIB) and University of Agriculture (UAF) Faisalabad inked a memorandum of understanding. The MoU was inked by UAF Vice Chancellor Dr Muhammad Ashraf and PTIB Director General (e-Governance) Sajid Latif.

Published 13 Oct, 2019 12:00am

Business & Economy

SMEDA to pick out its CEO in Monday's meeting

The Board of Directors of the Small and Medium Enterprises Development Authority (SMEDA) "which is incomplete at present" is going to hold its meeting on Monday (tomorrow) to fill the vacant post of Chief Executive Officer of the Authority.

Published 13 Oct, 2019 12:00am

General News

Fazl driven into a corner: Rashid

Federal Minister for Railways Sheikh Rashid said on Saturday that Jamiat Ulema-e-Islam-Fazl (JUI-F) chief Fazlur Rehman has been driven into a corner as no consensus has been achieved between him and Pakistan Muslim League-Nawaz (PML-N) president Shahbaz

Published 13 Oct, 2019 12:00am

General News

WWF Pakistan launches campaign to tackle plastic pollution

WWF Pakistan, in collaboration with The Coca Cola Foundation has initiated a month-long pilot plastic recovery and recycling project, 'Tackling Plastic Pollution in Pakistan'.

Published 13 Oct, 2019 12:00am

General News

Ailing community suffer as medics' strike continues

On the call given by the Doctors Grand Alliance (DGA), doctors and paramedical staff of public sector hospitals on Saturday continued their protest against Medical Teaching Institutions Act to press the government for the acceptance of their demands.

Published 13 Oct, 2019 12:00am

General News

Opposition divided on Azadi March protest: claims Sarwar

Punjab Governor Chaudhry Mohammad Sarwar on Saturday said the opposition parties were divided and also trying to make a conspiracy to divide the people but they would fail as people of the country had already rejected them in general elections.

Published 13 Oct, 2019 12:00am

Taxes

Government, FBR accused of delaying fixed-tax regime for traders

Both the ill-intention of the Federal Board of Revenue (FBR) bureaucracy and inefficiency of the government have led to undue delay in issuance of Fixed Tax Regime for traders, causing negligible business transactions in the months of July and August and

Updated 14 Oct, 2019 11:31am

General News

Centre for Chinese Legal Studies opens at LUMS

The Shaikh Ahmad Hassan School of Law (SAHSOL) held a ceremony here on Saturday to mark the inauguration of the Centre for Chinese Legal Studies (CCLS) at LUMS.

Published 13 Oct, 2019 12:00am

General News

French police use tear gas to break up yellow vest protest

Scuffles broke out at the start of the weekly "yellow vest" protest in the French southwestern city of Toulouse Saturday, as police used tear gas to break up the march. There were also minor clashes in some of the other protests around France. The Toulous

Published 13 Oct, 2019 12:00am

General News

Acting homeland security chief resigns: Trump

US President Donald Trump announced late Friday that acting US homeland security chief Kevin McAleenan has resigned, becoming the latest in a long list of top officials to leave the administration. "Kevin McAleenan has done an outstanding job as Acting Se

Published 13 Oct, 2019 12:00am

IT & Computers

Germany wants Facebook platform access

The German government wants US social media giant Facebook to ensure that security forces can gain access to its platforms after it has encrypted them so as to help fight crime. The United States, Britain and Australia urged Facebook in an open letter ear

Updated 14 Oct, 2019 07:10am

General News

Four dead in New York shooting

At least four people died and three were wounded in a shooting at an unlicensed private social club in New York early Saturday, police said. No one has been arrested over the early morning shooting in Brooklyn, and the motive and exact circumstances are n

Published 13 Oct, 2019 12:00am

General News

One wounded in shooting in US church

A gunman opened fire Saturday in a small town church in New Hampshire, wounding one person before being taken into custody, police said. The motive of the shooting and how the shooter was subdued were not known, said Tracey Hanes, dispatcher for the polic

Published 13 Oct, 2019 12:00am

General News

Nobel figure Sara Danius dies

Swedish scholar Sara Danius, who quit as head of the academy that awards the Nobel literature prize after a sex scandal unveiled by the Metoo movement, has died. The Swedish Academy said on Saturday that Danius, who revealed in 2014 that she was suffering

Published 13 Oct, 2019 12:00am

General News

Southern California wildfires burning unchecked

Gusting winds fueling a fast-moving wildfire in southern California showed no signs of abating Saturday as a blaze that forced the evacuation of some 100,000 people kept burning out of control. A red flag warning of critical fire danger - strong winds and

Published 13 Oct, 2019 12:00am

China caps volume of wheat to receive price support in 2020

China said on Saturday it had set the 2020 minimum purchasing price for wheat at 2,240 yuan ($316.08) per tonne, the same level as 2019, but said it will cap the volume it buys from farmers under the guarantee programme. China buys wheat from farmers at t

Published 13 Oct, 2019 12:00am

Finance ministry urges increased farm insurance coverage

China's Ministry of Finance on Saturday published suggestions for improving the country's agricultural insurance to better protect farmers. In a document released on the ministry's website on Saturday but dated September 19, the ministry advocated, among

Published 13 Oct, 2019 12:00am

Energy

Oil producers, refiners face surging global freight rates after US sanctions

Rates to charter oil tankers from the Arab Gulf, United Kingdom and the US Gulf Coast to Asia surged to fresh highs on Friday as global oil traders grappled with a tanker shortage in the aftermath of US sanctions on units of Chinese giant COSCO. Occidenta

Updated 14 Oct, 2019 10:48am

Money & Banking

IMF urges Mexico to open up Pemex to cooperation with private firms

The International Monetary Fund (IMF) on Friday recommended that Mexico reconsider its position of limiting private companies' cooperation with state-owned oil company Pemex, whose debt is weighing heavily on the government's finances. The administration

Updated 14 Oct, 2019 10:42am

Global Business Economy

Boeing board strips CEO of chairman title amid 737 MAX crisis

Boeing Co's board has stripped chief executive Dennis Muilenburg of his chairmanship title, in an unexpected strategy shift announced by the US planemaker on Friday only hours after a global aviation panel criticized development of the troubled 737 MAX. S

Updated 13 Oct, 2019 05:17am

General News

Richer nations urged to boost protection against wild weather as losses jump

Economic losses caused by the most extreme weather events, from hurricanes to wildfires, are surging fastest in parts of the world outside the tropics - places that once saw relatively few such disasters, scientists and statisticians have warned. In those

Published 13 Oct, 2019 12:00am

Money & Banking

Dollar skids to 3-month low; sterling rises

The dollar dropped to a three-month low on Friday, as safe-haven buying eased and risk sentiment improved on optimism about US-China trade negotiations as well as increased chances for an orderly British exit from the European Union.

Updated 14 Oct, 2019 10:42am

Money & Banking

More firms back away from Libra coin

Facebook's digital currency alliance lost more companies on Friday amid heavy criticism from regulators around the world on the planned Libra global cryptocurrency.

Updated 14 Oct, 2019 10:49am

Money & Banking

Canadian dollar posts 1-month high

The Canadian dollar strengthened to a one-month high against its US counterpart on Friday after domestic data showing a much bigger-than-expected jobs gain in September supported bets for the Bank of Canada to keep interest rates on hold this month.

Updated 14 Oct, 2019 10:49am

Money & Banking

Serbia's central bank buys euros

Serbia's central bank bought euros on the local interbank market on Tuesday to stem dinar gains against the euro, dealers said. The bank intervened as the dinar, bolstered by investments, sales of Serbian treasury bonds and corporate demand, traded at 117

Updated 14 Oct, 2019 11:26am

Currency	Rate
USD PKR Interbank Selling / Apr 25	281.17
USD PKR Interbank Buying / Apr 25	280.97
USD to Japanese Yen / Apr 25	143.67
USD to Swiss Franc / Apr 25	0.83
Pound Sterling to USD / Apr 25	1.33
Euro to USD / Apr 25	1.14
UK LIBOR % / Apr 24	4.96

Stock	Volume
S&P 500 / Apr 25	5,525.21
India Sensex / Apr 25	79,212.53
Tokyo Nikkei / Apr 25	35,705.74
Nasdaq / Apr 25	17,382.94
Hang Seng / Apr 25	21,980.74
FTSE 100 / Apr 25	8,415.25
Dow Jones / Apr 25	40,113.50
Germany DAX 30 / Apr 25	22,242.45
France CAC40 / Apr 25	7,536.26

Item	Value
Crude Oil USD/Barrel / Apr 25	63.17
Karachi Cotton PKR/37.32 KG / Apr 25	16,985
Gold 10 Grams PKR / Apr 25	298,950
Gold Spot USD/Ounce / Apr 25	3,327.60
Cotton US¢/pound / Apr 25	68.80
Petrol/Litre / Apr 27	254.63
Diesel/Litre / Apr 27	258.64

Stock	Price
First Capital Equities / Apr 25 First Capital Equities Limited(FCEL)	4.92 ▲ 0.96 (24.24%)
PICIC Ins.Ltd. / Apr 25 PICIC Insurance Limited(PIL)	3.14 ▲ 0.5 (18.94%)
Dewan Mushtaq / Apr 25 Dewan Mushtaq Textile Mills Limited(DMTM)	7.99 ▲ 1 (14.31%)
Pak. P.V.C. / Apr 25 Pakistan PVC Limited(PPVC)	8.26 ▲ 1 (13.77%)
J.K.Spinning / Apr 25 J.K. Spinning Mills Limited(JKSM)	61.90 ▲ 5.63 (10.01%)
At-Tahur Ltd. / Apr 25 At-Tahur Limited(PREMA)	86.74 ▲ 7.89 (10.01%)
Shezan Inter. / Apr 25 Shezan International Limited(SHEZ)	203.03 ▲ 18.46 (10%)
Sunrays Textile / Apr 25 Sunrays Textile Mills Limited(SUTM)	156.38 ▲ 14.22 (10%)
PIA Holding Co.B / Apr 25 PIA Holding Company Limited B(PIAHCLB)	3,282.29 ▲ 298.39 (10%)
S.S.Oil / Apr 25 S.S.Oil Mills Limited(SSOM)	357.05 ▲ 32.46 (10%)

Stock	Price
Engro Powergen / Apr 25 Engro Powergen Qadirpur Limited(EPQL)	28.71 ▼ -10.13 (-26.08%)
Ghani Chemworld / Apr 25 Ghani Chemworld Limited(GCWL)	8 ▼ -1 (-11.11%)
Samba Bank / Apr 25 Samba Bank Limited(SBL)	8.01 ▼ -0.99 (-11%)
Arpak Int. / Apr 25 Arpak International Investments Ltd.(ARPAK)	56.66 ▼ -6.29 (-9.99%)
Blue-Ex Ltd / Apr 25 Blue-Ex Limited (GEM)(GEMBLUEX)	47.38 ▼ -5.26 (-9.99%)
Saif Power Ltd. / Apr 25 Saif Power Limited(SPWL)	12.31 ▼ -1.3 (-9.55%)
Shaheen Ins. / Apr 25 Shaheen Insurance Company Limited(SHNI)	5.25 ▼ -0.46 (-8.06%)
Equity Modaraba / Apr 25 First Equity Modaraba(FEM)	2.75 ▼ -0.24 (-8.03%)
GlaxoSmithKline / Apr 25 GlaxoSmithKline Pakistan Limited(GLAXO)	409.57 ▼ -34.89 (-7.85%)
AKD Hospitality / Apr 25 AKD Hospitality Limited(AKDHL)	136.65 ▼ -10.81 (-7.33%)

Stock	Volume
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	22,789,497 ▼ -0.02
Power Cement / Apr 25 Power Cement Limited(POWER)	21,965,614 ▼ -0.17
Sui South Gas / Apr 25 Sui Southern Gas Company Limited(SSGC)	21,567,163 ▼ -0.56
B.O.Punjab / Apr 25 The Bank of Punjab(BOP)	19,825,526 ▼ -0.08
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	17,030,953 ▼ -0.04
Aisha Steel Mill / Apr 25 Aisha Steel Mills Limited(ASL)	16,751,796 ▲ 0.59
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	16,717,262 ▼ -0.17
Pak Int.Bulk / Apr 25 Pakistan International Bulk Terminal(PIBTL)	16,382,803 ▲ 0.14
Sui North Gas / Apr 25 Sui Northern Gas Pipelines Limited(SNGP)	13,338,455 ▲ 0.33
Secure Logistics / Apr 25 Secure Logistics Group Limited(SLGL)	12,723,116 ▲ 1.13

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