News Archives for Print - 2019-11-19

Print - 2019-11-19

Business & Economy

Rupee devaluation main impediment to drug imports

Drug importers have been forced to stop importing most of the foreign medicines owing to massive depreciation of Pakistani rupee against the US dollar and are of the view that imported drugs have now become too expensive to earn profit in local market.

Published 19 Nov, 2019 12:00am

Cricket

Smith shrugs off Pooran's light ball-tampering ban

Former Australia captain Steve Smith, who was banned for a year for ball-tampering, says he does not feel hard done by despite a much lighter sanction handed down to West Indies batsman Nicholas Pooran for the same offence.

Published 19 Nov, 2019 12:00am

Other

New era or false dawn? Tsitsipas win invites caution

Stefanos Tsitsipas said he was ready for a breakthrough Grand Slam victory after winning the ATP Finals in London - but a glance at recent history invites caution.

Published 19 Nov, 2019 12:00am

Money & Banking

Australian, New Zealand dollars run aground

The Australian and New Zealand dollars marked time on Monday with little in the way of domestic data to react to and the jury still out on where interest rates are going in coming months.

Updated 19 Nov, 2019 06:48am

Money & Banking

Sterling holds below $1.30 as Conservatives lead in polls

Sterling inched higher towards $1.30 Monday as the Conservatives lead in polls for Britain's general election, boosting the chances of Prime Minister Boris Johnson's withdrawal deal being passed by parliament before the Jan. 31 Brexit deadline.

Updated 19 Nov, 2019 06:50am

Money & Banking

Sri Lankan rupee up after Rajapaksa poll win

Sri Lankan rupee rose to a two-and-half month high on Monday, after former wartime defence chief Gotabaya Rajapaksa won the presidency by a big margin. Rupee ended 0.5% firmer at 179.40/80 per dollar, its highest since Aug. 30. It closed at 180.10/30 on F

Updated 19 Nov, 2019 06:48am

Money & Banking

Asian currencies in tight ranges

Most Asian currencies traded in tight ranges on Monday as investors awaited clues on monetary policy from some of the world's major central banks and sought clarity on Sino-US trade talks.

Updated 19 Nov, 2019 06:48am

Money & Banking

South Africa's rand weakens

South Africa's rand weakened on Monday, as cautious investors awaited clues on monetary policy from the local central bank and some of the world's major central banks, as well as developments in US-China trade talks.

Updated 19 Nov, 2019 06:48am

Money & Banking

Euro jumps to 11-day high against dollar in Europe

The euro jumped to an 11-day high against the US dollar on Monday, driven by expectations that Washington and Beijing can soon sign off on a deal to end a damaging trade war.

Updated 19 Nov, 2019 06:48am

Money & Banking

Early trade in New York: Yen gains as report casts doubts on trade deal

The safe haven Japanese yen gained on Monday after a media report dashed fresh hopes that the United States and China are close to reaching a trade deal.

Updated 19 Nov, 2019 06:48am

Money & Banking

Major currencies little changed in Asia

Major currencies marked time on Monday as traders looked to whether Washington and Beijing can soon sign off on a deal to end a trade war that has been a drag on global economic growth.

Updated 19 Nov, 2019 06:48am

Money & Banking

Latam FX pares gains on uncertainty around US-China trade

Latin American currencies firmed on Monday on hopes of a Sino-US trade deal but pared some gains after a report that the mood in China was "pessimistic" about an impending resolution to the dispute.

Updated 19 Nov, 2019 06:48am

Money & Banking

Serbia buys euros to stem dinar gains

Serbia's central bank bought an unspecified amount of euros on local interbank market on Monday to ease appreciation pressures on the domestic currency, dealers said. The bank intervened as the dinar traded at 117.38 against the common currency. After the

Updated 19 Nov, 2019 06:40am

Iran spy agency leaks reveal 'vast' sway in protest-hit Iraq

The details emerging Monday on a trove of leaked Iranian intelligence documents drove home the depth of its influence in Iraq, where anti-government protesters have accused Tehran of meddling and overreach.

Published 19 Nov, 2019 12:00am

Worried about re-election, Trump reportedly shelves vaping ban

US President Donald Trump has backed off from a proposed ban on certain flavors of e-cigarettes, fearing that such a move could cost him votes, US media said Monday. Aides allegedly advised him to hold fire on signing a memo to ban popular e-cigarette fla

Updated 19 Nov, 2019 07:03am

Indian police baton charge students over fee protests

Indian police fought street battles in New Delhi on Monday with thousands of students who stepped up protests over fee increases at one of the country's top universities.

Published 19 Nov, 2019 12:00am

Russia gives ships back to Ukraine ahead of summit

Russia on Monday handed over three navy ships it seized a year ago from Ukraine, Moscow and Kiev authorities said, in the latest move to ease tensions between the two countries ahead of a crucial summit.

Updated 19 Nov, 2019 07:13am

Observers slam Belarus polls for flouting democratic norms

Parliamentary polls in Belarus did not show respect for democracy, international observers said Monday, after the opposition to authoritarian President Alexander Lukashenko failed to win a single seat.

Published 19 Nov, 2019 12:00am

Saturn moon Titan shaped by same forces as Earth

The largest of Saturn's many moons has lakes, mountains and dunes, with its surface scarred and crafted by many of the same forces which have shaped Earth, scientists said Monday.

Published 19 Nov, 2019 12:00am

Yemen PM returns to Aden under deal with separatists

Yemen's prime minister on Monday flew back to the southern city of Aden under the terms of a peace deal with southern separatists who expelled the government from its provisional capital in August.

Published 19 Nov, 2019 12:00am

North Korea 'no longer interested' in summits with US: KCNA

North Korea is "no longer interested" in summits with the US unless Washington offers new concessions in their nuclear negotiations, Pyongyang said Monday, hours after Donald Trump hinted at the prospect.

Updated 19 Nov, 2019 07:15am

Nigeria's ruling party wins election in key oil state

Nigeria's ruling party on Monday won the key oil-rich state of Bayelsa, the electoral body said, a sign of President Muhammadu Buhari's growing influence in opposition strongholds.

Updated 19 Nov, 2019 07:15am

US urges new Sri Lanka leader to respect human rights

The United States called Monday on Sri Lanka's new president, Gotabaya Rajapaksa, to ensure human rights and accountability after a campaign in which he vowed to scrap a probe into alleged war crimes.

Published 19 Nov, 2019 12:00am

Cambodian Princess who rebuilt 'Apsara' dance dies

Cambodian Princess Norodom Bopha Devi, a former culture minister who helped resurrect traditional Apsara dance from the ashes of the brutal Khmer Rouge rule in the 1970s, died on Monday at the age of 76, premier Hun Sen said.

Published 19 Nov, 2019 12:00am

Two people killed in French bridge collapse

A 15-year-old girl and a truck driver were killed Monday after a suspension bridge over a river in southwest France collapsed, reigniting a debate over infrastructure safety in the wake of last year's deadly disaster in Genoa.

Published 19 Nov, 2019 12:00am

Six Indian soldiers killed as avalanche buries Indian patrol

An avalanche on Monday hit an Indian patrol in the world's highest militarised zone in the Himalayas, killing four soldiers and two porters, an army spokesman said.

Published 19 Nov, 2019 12:00am

Four killed in California backyard shooting

Four people were shot dead and six others wounded while watching a football game in the backyard of a central California home on Sunday, police said. Police were called to the scene after at least one person opened fire into a crowd of about 35 people gat

Updated 19 Nov, 2019 06:51am

Brief Recordings

Mitchell's Fruit Farms Limited

Indian Mildura Fruit Farms was established in 1933, by Mr. Francis J. Mitchell, which was later renamed to Mitchell's Fruit Farms Limited (MFFL) after independence, in 1948. It is one of the oldest companies of Pakistan in the food and beverage sector,

Updated 19 Nov, 2019 06:30am

Business & Economy

8 projects worth Rs 31.6 billion approved by CDWP

The Central Development Working Party (CDWP) has approved as many as eight development projects at the cost of Rs 31.6 billion and recommended five projects valuing at Rs 195.1 billion to the Executive Committee of National Economic Council (ECNEC) for co

Published 19 Nov, 2019 12:00am

Relief to Nawaz may lead to political provincialism: Aitzaz

Pakistan Peoples Party (PPP) stalwart Aitzaz Ahsan said on Monday that relief to Nawaz Sharif would lead to provincialism in the country. He said he was receiving telephone calls from Sindh that permission to Nawaz Sharif for travelling abroad was due to

Published 19 Nov, 2019 12:00am

Articles

Partly Facetious: The end of his moustache is tad lower

"I would just like to bring it to the notice of The Khan that all is not lost in spite of appallingly poor economic data with respect to what matters to the public - inflation, utility prices, unemployment levels, and he can still make amends and..."

Updated 19 Nov, 2019 10:30am

LHC seeks reply from government in response to plea against JUI-F's 'Plan B'

The Lahore High Court on Monday sought reply from the federal government on a petition challenging the "Plan-B" of Jamiat Ulema-e-Islam-Fazal (JUI-F) for holding demonstrations in major cities. The petitioner's counsel contended that JUI-F Chief Maulana F

Published 19 Nov, 2019 12:00am

Shahbaz, other PML-N leaders discuss situation

While Pakistan Muslim League-Nawaz (PML-N) President Shahbaz Sharif is leaving for London, the PML-N in a meeting on Monday decided that Shahbaz Sharif will return to Pakistan after health condition of Nawaz Sharif is stabilized.

Published 19 Nov, 2019 12:00am

Business & Economy

Exports to China will start increasing next year: Razak

Prime Minister's Advisor on Commerce, Industries, Textile and Investment Abdul Razak Dawood has said that Pakistani exports to China would start increasing following the free trade agreement (FTA) becoming effective from December 1, 2019.

Published 19 Nov, 2019 12:00am

Business & Economy

Belgian envoy for enhancing trade & economic relations

Ambassador of Belgium to Pakistan Philippe Bronchain said that trade, investment, economic and friendly relations between the two countries are very important to him and he has a mission to make these stronger.

Published 19 Nov, 2019 12:00am

Energy

Diamer Basha, Mohmand dams: Wapda Chairman discusses financing matters with KFD, IDB

Diamer Basha and Mohmand Dams are vital for water, food and energy security of Pakistan and possess excellent investment opportunities for international financial institutions because of their good rate of returns.

Updated 19 Nov, 2019 06:40am

At least 7 die after boat capsizes in Sutlej

At least seven people died on Monday and over 25 were reported missing after a boat capsized in river Sutlej near Okara. Residents of the area initiated a rescue operation immediately after the incident. Seven bodies were recovered according to eyewitness

Published 19 Nov, 2019 12:00am

Iranian CG calls on Shujaat

Consul General of Iran Mohammad Raza Nazeri called on the Pakistan Muslim League (PML-Q) President Ch Shujaat Hussain at his residence here on Monday and inquired about his welfare. During the meeting, views were also exchanged about prevailing national a

Published 19 Nov, 2019 12:00am

Punjab CM announces soft loan scheme for youth

The Punjab Chief Minister Sardar Usman Buzdar on Monday announced to start a new scheme of providing soft loans to the needy youth for skills development and an amount of Rs9 billion will be distributed among the youth for starting their own businesses.

Published 19 Nov, 2019 12:00am

Business & Economy

Challenge Fund Grant: 'USAID providing $200,000 to businessmen, innovative people in Pakistan'

USAID Mission for Pakistan's Director Julie Ann on Monday said that the USAID is providing $200,000 as "Challenge Fund Grant" to businessmen and innovative people, thus building future of Pakistan's trade sector.

Published 19 Nov, 2019 12:00am

10-bed emergency of SMT hospital inaugurated

Around half of the poor segment of Faisalabad is getting free medical facilities from dispensaries and hospitals established by local philanthropists that are also helping government by lessening patient's burden on public sector hospitals and dispensarie

Published 19 Nov, 2019 12:00am

Business & Economy

KCCI to take up issues with FBR and other authorities, PCDMA told

President Karachi Chamber of Commerce & Industry (KCCI) Agha Shahab Ahmed Khan has assured members of Pakistan Chemical & Dyes Merchants Association (PCDMA) delegation to take up their issues with Federal Board of Revenue (FBR) and other concerned authori

Published 19 Nov, 2019 12:00am

Taxes

Seized conveyances used in smuggling: instructions issued to verify genuineness

Pakistan Customs has issued instructions to all its field formations to verify the genuineness of all seized conveyances being used to transport smuggled goods through verification from forensic science laboratory, registration database of excise & taxati

Updated 19 Nov, 2019 06:40am

KMC's anti-encroachment drive continues

In compliance with the Supreme Court orders, the Karachi Metropolitan Corporation (KMC) on Monday removed encroachments at various city neighbourhoods.

Published 19 Nov, 2019 12:00am

Qureshi introduces 'FM Connect'

In cognizance of the global evolution of communication and in recognition of the need for greater and quicker access to information, Foreign Minister Shah Mahmood Qureshi introduced 'FM Connect,' a concept based on the principle of fostering greater conne

Published 19 Nov, 2019 12:00am

KPC members, families enjoy 'fun day' at Aladin Park

As many as 2,500 children and families of Karachi Press Club members had a fun day at Aladin Amusement Park and enjoyed recreational activities and fun-packed rides.

Published 19 Nov, 2019 12:00am

Three suspected bike-lifters arrested

The Anti-Vehicle Lifting Cell (AVLC) on Monday claimed to have arrested three bike-lifters in Saddar and Landhi involved in stealing motorcycles.

Published 19 Nov, 2019 12:00am

Energy

China to make $10 billion investment in oil & gas sector: minister

Minister for Planning, Development and Reform, Khusro Bakhtyar has said that China has decided to invest $ 10 billion investment in oil and gas sector, $ 4 billion in local and steel sector and $ 9 billion have been approved for ML-I railways project unde

Published 19 Nov, 2019 12:00am

Taxes

FBR restructuring: three consultative bodies directed to submit recommendations

The Federal Board of Revenue (FBR) has directed three consultative committees to submit their recommendations on restructuring of the Board to newly constituted FBR Steering Committee on reforms by November 20, 2019.

Published 19 Nov, 2019 12:00am

Taxes

Cigarette makers directed to implement automated 'Track, Trace' system

Federal Board of Revenue (FBR) has directed all cigarette manufacturers to implement fully automated 'Track and Trace' system on tobacco products in six months period or non-compliant factories would be sealed.

Updated 19 Nov, 2019 06:35am

Senate body asks PBC to come up with efficient business plan

The Senate Standing Committee on Information and Broadcasting Monday directed Pakistan Broadcasting Corporation (PBC) to come up with a business plan to turn the corporation into a profitable organization.

Published 19 Nov, 2019 12:00am

Business & Economy

Naya Pakistan Housing Programme: registration deadline extended till December 15

The deadline for registration under Naya Pakistan Housing Programme (NPHP) has been extended again till December 15. The registration process to provide houses to homeless people started on July 15, 2019, for three months till October 15, 2019 but it was

Published 19 Nov, 2019 12:00am

General News

PTCL & WWF-P conduct Spellathon in Haripur district schools

Pakistan Telecommunication Company limited (PTCL), in collaboration with WWF-Pakistan, conducted a Spellathon activity for 1,000 primary school students in national language i.e. Urdu.

Updated 19 Nov, 2019 06:35am

Energy

Pakistan re-negotiating Tapi gas price with TPCL

Pakistan is in the process of re-negotiating gas price with Tapi Project Company Limited (TPCL), following which a groundbreaking ceremony would be held for 'Pakistan-Section' of the multi-billion dollar trans-country gas pipeline in Chaman.

Updated 19 Nov, 2019 06:35am

It's game on for Politicians

In the wake of Maulana Fazlur Rehman's 'dharna' in the Capital early this month, followed by countrywide road-blockades, an eerie sense of political uncertainty has begun permeating the national corridors. Up his sleeves he has one more plan, and says he

Updated 19 Nov, 2019 06:25am

IMF rejects request for downward revision of Rs5.5trn FBR target

The International Monetary Fund (IMF) has not accepted Pakistan's request to review downward the Federal Board of Revenue (FBR) tax collection target of Rs 5.5 trillion, which was described as unrealistic and ambitious by many independent economists soon

Published 19 Nov, 2019 12:00am

SPI inflation for combined income groups up 1.09pc WoW

The Sensitive Price Index (SPI) based inflation for combined income groups during the week ended November 14, 2019, witnessed an increase of 1.09 percent against November 7, 2019 as it jumped from 131.10 points to 132.53 points, data released by Pakistan

Published 19 Nov, 2019 12:00am

Q1 fiscal deficit declines to 0.7pc from 1.4pc

The decline in fiscal deficit from 1.4 percent in the first quarter of last year to 0.7 percent in the first quarter of the current year is attributable to lower releases, additional SBP profit and non release of supplementary grants.

Published 19 Nov, 2019 12:00am

C/A turns positive with $99 million surplus

The country's current account turned positive with $ 99 million surplus in October 2019 supported by significant import compression and slight growth in exports.

Published 19 Nov, 2019 12:00am

Stocks

KSE-100 Index climbs higher: BRIndex100 rallies

A bullish trend continued on Pakistan Stock Exchange on the back of healthy buying by local investors and institutions.

Updated 19 Nov, 2019 06:31am

Nawaz all set to depart for London today

While all necessary arrangements have been finalized, the former premier Nawaz Sharif is all set to depart for London to receive medical treatment on Tuesday (today).

Published 19 Nov, 2019 12:00am

Government restrained from selling PSM land

The apex court on Monday barred the federal government from selling Pakistan Steel Mills (PSM) land in order to pay gratuity and the provident fund to its former employees.

Published 19 Nov, 2019 12:00am

Fed chief reasserts independence in talks with Trump

Federal Reserve Chairman Jerome Powell reasserted the independence of the US central bank during White House talks with President Donald Trump on Monday, the Fed said.

Published 19 Nov, 2019 12:00am

HBL first Pakistani bank to do RMB trade in China

Habib Bank Limited created history by becoming the first and only bank from Pakistan and one of the three banks from the South Asia and MENA region to offer end-to-end RMB intermediation. The HBL Urumqi branch formally commenced the RMB business last week

Published 19 Nov, 2019 12:00am

Commerce Div, FBR may lock horns over NTP draft

Commerce Division and Federal Board of Revenue (FBR) are likely to lock horns on the long-awaited draft National Tariff Policy in the federal cabinet meeting on Tuesday (today) as both have extensive differences on the tariff rationalization plan and mand

Published 19 Nov, 2019 12:00am

Ministry grants one-time permission to Nawaz

In compliance with Lahore High Court (LHC) order, Ministry of Interior on Monday granted a one-time permission to former prime minister Nawaz Sharif to travel abroad for medical treatment for four weeks.

Published 19 Nov, 2019 12:00am

Government, army on the same page: DG ISPR

Director General of Inter Public Services Relations (ISPR) Major-General Asif Ghafoor said the government and Army are on the same page.

Published 19 Nov, 2019 12:00am

PM irked by LHC verdict?

Prime Minister Imran Khan Monday reiterated that the government would not withdraw corruption cases against the opposition leaders and challenged them to do whatever they could do.

Published 19 Nov, 2019 12:00am

Judge Isa's wife paying more tax than PM: counsel

Babar Sattar, the counsel for Justice Qazi Faez Isa, has contended before a 10-judge larger bench if his client's wife is paying more tax than Prime Minister Imran Khan then how she is dependent and the Premier, who is paying less tax than her is independ

Published 19 Nov, 2019 12:00am

Asad Umar to rejoin Cabinet

The Pakistan Tehreek-e-Insaf-led federal government has decided to get back Asad Umar in the federal cabinet. According to details, senior PTI leader and former finance minister Asad Umar will be made minister for planning and special initiative.

Published 19 Nov, 2019 12:00am

Training launch of ballistic missile Shaheen-1 conducted

Pakistan Monday successfully conducted training launch of surface to surface ballistic missile Shaheen-1. According to Inter-Services Public Relations (ISPR), the launch was conducted as part of a training exercise, which was aimed at testing the operatio

Published 19 Nov, 2019 12:00am

CEO EDB, CEO PIDC: Cabinet likely to accord its approval to appointments

The Federal Cabinet which is scheduled to meet on Tuesday (today) with Prime Minister, Imran Khan, in the chair, is expected to approve Raza Abbas Shah as Chief Executive Officer of Engineering Development Board (EDB) and Rizwan Bhatti as CEO Pakistan Ind

Published 19 Nov, 2019 12:00am

MPS on Friday: Policy rate likely to stay unchanged

The State Bank of Pakistan (SBP) will unveil the Monetary Policy Statement for next two months on Friday.

Published 19 Nov, 2019 12:00am

COAS arrives in Tehran

COAS arrived in Tehran on official visit on Monday. COAS met Major General Mohammad Hossein, Chief of Staff Iranian Armed Forces. Both discussed regional security environment, efforts for regional peace & stability and Pak-Iran border security mechanism.-

Published 19 Nov, 2019 12:00am

Translation of 'Mangoes' hits bookstores

"A Case of Exploding Mangoes" by Mohammed Hanif has finally been released in the country's official language Urdu.

Published 19 Nov, 2019 12:00am

PRCS chairmanship: IHC suspends notification of Abrar's appointment

The Islamabad High Court (IHC) Monday suspended the notification of appointment of Pakistan Tehreek-e-Insaf (PTI) leader Abrarul Haq as chairman of the Pakistan Red Crescent Society (PRCS).

Published 19 Nov, 2019 12:00am

Pakistani jailed for Dutch anti-Islam MP murder 'plot'

A Dutch court sentenced a Pakistani man to 10 years behind bars Monday for planning to assassinate anti-Islam politician Geert Wilders after the MP announced a blasphemous cartoon competition.

Published 19 Nov, 2019 12:00am

Trade-based ML and TF SBP amends framework for managing risks

The state Bank of Pakistan (SBP) has announced amendment to Framework for Managing Risks of Trade Based Money Laundering and Terrorist Financing.

Published 19 Nov, 2019 12:00am

Letters

Why he gives a nonchalant shrug?

This is apropos a Business Recorder news item "Obvious signs of turnaround emerge: Hafeez" carried by the newspaper on Sunday. According to it, "Adviser to Prime Minister on Finance Abdul Hafeez Sheikh has said 'dark days are that behind us' as obv

Updated 19 Nov, 2019 10:39am

Articles

One hundred days of suffocation

Last Tuesday, as I participated in the 550th birthday celebrations ceremony of Baba Guru Nanak Dev Ji at Janam Asthan, Nankana Sahib in solidarity with Sikhs around the world, millions of innocent people entered into 100th day of isolated confinement coup

Updated 19 Nov, 2019 10:37am

Articles

Shooting oneself in the foot, repeatedly

The Pakistan Tehreek-i-Insaaf (PTI) government of Imran Khan has shown a rare talent for shooting itself in the foot again and again. The whole handling of the Nawaz Sharif health issue is the latest and perhaps most egregious example of this habit. Despi

Updated 19 Nov, 2019 10:33am

Money & Banking

Kartarpur Sahib Corridor for Yatris: NBP plays pivotal role in collection of service fees

National Bank of Pakistan (NBP) teams successfully started collection of service charges from Yatris at Kartarpur Sahib Corridor through NBP counters within the span of just 15 days.

Published 19 Nov, 2019 12:00am

Ministry asks Ulema boards to prevent publication of hate material

The Ministry of Religious Affairs and Interfaith Harmony has recommended establishing Ulema Boards in all the provinces and Islamabad Capital Territory (ICT) for checking and preventing publication of hate material.

Published 19 Nov, 2019 12:00am

Two universities to be established with China's help: Rashid

Federal Minister for Railways Sheikh Rashid Ahmed has announced to establish a railways university and an IT university in cooperation with China.

Published 19 Nov, 2019 12:00am

Government to provide skill development training to 45,000 youth: Murad

Federal Minister for Communications and Postal Services Murad Saeed has said that the PTI government strongly believes in good governance and supremacy of merit and would provide jobs opportunity and professional skill development training to 45,000 youth

Published 19 Nov, 2019 12:00am

68 vegetable and fruit traders penalised

The District Administration Lahore has penalised 68 vegetable and fruit traders for overcharging and issued fines of Rs154,000 while seven shopkeepers involved in overcharging were sent to jail and nine cases were registered against the profiteers.The Dep

Published 19 Nov, 2019 12:00am

Money & Banking

Economic reforms showing favourable results: SBP governor

State Bank of Pakistan (SBP) Governor Dr Reza Baqir Monday said the ongoing economic reforms are showing positive results as economy is moving towards improvement. Currently, the exchange rate is stable, exports and foreign exchange reserves are increasin

Published 19 Nov, 2019 12:00am

Shifting of Subzi Mandi: DC Hyderabad asked to submit report in three days

The Divisional Commissioner Hyderabad Muhammad Abbas Baloch presiding a meeting regarding shifting of Subzi Mandi at Hala Naka Bypass at his office today directed the Deputy Commissioner Hyderabad Aisha Abro to make effective strategy and to submit report

Published 19 Nov, 2019 12:00am

Taxes

Blankets, prayer mats: APCAA voices concern over 'wrong' valuation

Model Customs Collectorates (MCCs) are reportedly releasing the consignments of imported blankets, prayer mats & other related finished articles at the customs values less than the values fixed for its raw material, creating difficulties for local manufac

Updated 19 Nov, 2019 06:35am

Business & Economy

PAMA voices concern over 'illegal' import of used cars

Pakistan Automotive Manufacturers Association (PAMA) has expressed concern over the illegal import of used cars witnessing plausible increase.

Published 19 Nov, 2019 12:00am

Death anniversary of Chaudhry Rehmat Ali observed

121st death anniversary of Chaudhary Rehmat Ali, the proponent of the word "Pakistan" observed here on Monday. In this connection, a special function was held at Faisalabad Chamber of Commerce & Industry (FCCI) which was also attended by Rana Sikandar Aza

Published 19 Nov, 2019 12:00am

IoBM hosts 4th International Conference on experiential learning

The fourth International Conference on Experiential Learning (ICEL) at the Institute of Business Management (IoBM), Karachi featured prominent corporate leaders, academicians, scholars and government officials, held on November 16 and 17, 2019 at IoBM. Zu

Published 19 Nov, 2019 12:00am

Punishment for making & sale of Gutka: Sindh government given 10th December deadline for legislation

Sindh High Court (SHC) gave the provincial government a deadline of December 10, 2019 to legislate on punishment for manufacturing and sale of Gutka.

Published 19 Nov, 2019 12:00am

North Nazimabad campus: smart College holds award- distribution ceremony

Smart College campus North Nazimabad organized an award distribution ceremony to commemorate best performance of its students.

Published 19 Nov, 2019 12:00am

Cotton & Textile

Refund of sales tax of finished leather; PTA urges FBR to fix 'realistic' benchmark

Chairman Pakistan Tanners Association (PTA), Sheikh Afzal Hussain has urged Federal Board of Revenue (FBR) for early fixing benchmark realistically in order that exports can continue normally.

Updated 19 Nov, 2019 06:31am

Sugarcane production down 3.8 percent

Sugarcane production in the year 2019-20 decreased to 64.77 million tons from 67.17 million tons the year before showing a decrease of 3.8 percent however cotton crop has not picked up as a consequence, well informed sources told Business Recorder.

Published 19 Nov, 2019 12:00am

PTI's Punjab chapter concerned at Elahi's remarks

Reports of a possible in-house change in Punjab are doing the rounds in the federal capital following recent statements by PML-Q's Pervez Elahi, a key PTI ally propping up Punjab's political arrangement.

Published 19 Nov, 2019 12:00am

Model Courts materialise vision of expeditious, inexpensive justice: CJP

Chief Justice of Pakistan Asif Saeed Khan Khosa has said that Model Courts have materialized the vision of expeditious and inexpensive justice as envisaged in Article 37(d) of the Constitution which, otherwise, was just a dream before establishment of Mod

Published 19 Nov, 2019 12:00am

Business & Economy

Small industrial estate in Darra Adam Khel: KP government fails to make even slight progress

Despite tall claims of establishing small industrial estate in Darra Adam Khel for promotion of small businesses in erstwhile Federally Administered Tribal Areas (FATA), the provincial government of Khyber Pakhtunkhwa has failed to make a slight progress

Published 19 Nov, 2019 12:00am

Pakistan to host 8th Istanbul Process next year

Pakistan will host the 8th meeting of the Istanbul Process next year with a focus to evolve responses to growing religious intolerance and discrimination based on religion or belief.

Published 19 Nov, 2019 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 30	278.97
USD PKR Interbank Buying / Jan 30	278.77
USD to Japanese Yen / Jan 30	154.56
USD to Swiss Franc / Jan 30	0.91
Pound Sterling to USD / Jan 30	1.24
Euro to USD / Jan 30	1.04

Stock	Volume
S&P 500 / Jan 29	6,039.31
Nasdaq / Jan 29	19,632.32
Hang Seng / Jan 29	20,225.11
Dow Jones / Jan 29	44,713.52
India Sensex / Jan 30	76,776.38
Tokyo Nikkei / Jan 30	39,467.47
FTSE 100 / Jan 30	8,567.71
Germany DAX 30 / Jan 30	21,655.86

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 29	18,285
Gold 10 Grams PKR / Jan 29	247,513
Petrol/Litre / Jan 30	256.13
Crude Oil USD/Barrel / Jan 30	72.66
Gold Spot USD/Ounce / Jan 30	2,759.76
Diesel/Litre / Jan 30	260.95

Gainers
Losers
Leaders

Stock	Price
Chenab Ltd / Jan 30 Chenab Limited(CHBL)	9.08 ▲ 1 (12.38%)
Kohinoor Ind. / Jan 30 Kohinoor Industries Limited(KOIL)	9.26 ▲ 1 (12.11%)
PICIC Ins.Ltd. / Jan 30 PICIC Insurance Limited(PIL)	2.52 ▲ 0.23 (10.04%)
Redco Textile / Jan 30 Redco Textiles Limited(REDCO)	21.97 ▲ 2 (10.02%)
Sana Ind / Jan 30 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
I.C.C. Ind. / Jan 30 ICC Industries Limited(ICCI)	14.29 ▲ 1.3 (10.01%)
Ashfaq Textile / Jan 30 Ashfaq Textile Mills Limited(ASHT)	17.48 ▲ 1.59 (10.01%)
Ahmad Hassan / Jan 30 Ahmad Hassan Textile Mills Limited(AHTM)	59.90 ▲ 5.45 (10.01%)
Atlas Honda Ltd / Jan 30 Atlas Honda Limited(ATLH)	873.29 ▲ 79.39 (10%)

Stock	Price
Tariq Corp.Pref. / Jan 30 Tariq Corporation Limited-Preference Shares(TCORPCPS)	6.91 ▼ -0.97 (-12.31%)
First Capital Equities / Jan 30 First Capital Equities Limited(FCEL)	5.21 ▼ -0.68 (-11.54%)
National Silk / Jan 30 The National Silk & Rayon Mills Limited(NSRM)	45.35 ▼ -5.04 (-10%)
Blue-Ex Ltd / Jan 30 Blue-Ex Limited (GEM)(GEMBLUEX)	55.40 ▼ -6.15 (-9.99%)
Kohat Textile / Jan 30 Kohat Textile Mills Limited(KOHTM)	32 ▼ -3.13 (-8.91%)
Hussain Industries / Jan 30 Husein Industries Limited(HUSI)	26.41 ▼ -2.45 (-8.49%)
Trust Sec.& Brok. / Jan 30 Trust Securities & Brokerage Limited(TSBL)	13.60 ▼ -1.14 (-7.73%)
JS Investments / Jan 30 JS Investments Limited(JSIL)	21.02 ▼ -1.74 (-7.64%)
Universal Ins. / Jan 30 The Universal Insurance Company Limited(UVIC)	9.13 ▼ -0.67 (-6.84%)

Stock	Volume
Sui South Gas / Jan 30 Sui Southern Gas Company Limited(SSGC)	48,078,930 ▲ 2.48
Waves Home Appliances / Jan 30 Waves Home Appliances Limited(WAVESAPP)	33,126,010 ▲ 1.16
Bank Makramah / Jan 30 Bank Makramah Limited(BML)	31,438,642 ▲ 0.23
Cnergyico PK / Jan 30 Cnergyico PK Limited(CNERGY)	31,197,761 ▲ 0.13
K-Electric Ltd. / Jan 30 K-Electric Limited(KEL)	29,670,310 ▲ 0.13
Citi Pharma Ltd / Jan 30 Citi Pharma Ltd.(CPHL)	25,413,292 ▲ 2.73
Dewan Motors / Jan 30 Dewan Farooque Motors Limited(DFML)	24,726,221 ▼ -1.63
WorldCall Telecom / Jan 30 Worldcall Telecom Limited(WTL)	20,794,723 ▲ 0.02
Fauji Cement / Jan 30 Fauji Cement Company Limited(FCCL)	13,308,955 ▲ 0.1

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