News Archives for Print - 2019-12-06

Print - 2019-12-06

Energy

Many foreign companies want to invest in energy sector: Omar

Federal Minister for Power and Petroleum, Omar Ayub Khan has said that many European, Chinese and other companies are exploring options for establishing industries relating to Renewable Energy equipment like solar panels, wind turbines and other allied pa

Updated 06 Dec, 2019 06:52am

Money & Banking

Australian dollar hits data hurdle as NZ's currency races ahead

The Australian dollar hit a minor speed bump on Thursday as yet more domestic data undershot expectations, though it was still holding solid gains for the week on a broadly weaker US currency.

Updated 06 Dec, 2019 07:03am

Money & Banking

Sterling hits 2-1/2 years high against euro

Sterling hit 2-1/2-year highs versus the euro on Thursday, on growing confidence that next week's election will give the Conservative Party the parliamentary majority it needs to deliver Brexit, ending near-term uncertainty.

Updated 06 Dec, 2019 07:03am

Money & Banking

EU agrees tough line on digital currencies like Facebook's Libra

Private digital currencies like Facebook's Libra should not be allowed in the European Union until the risks they could pose are clearly addressed, EU finance ministers agreed on Thursday.

Updated 06 Dec, 2019 07:03am

Money & Banking

Asian currencies eke out gains

Most Asian currencies notched only small gains on Thursday as the run of conflicting headlines about US-China trade talks dulled emerging market appetite for risky bets.

Updated 06 Dec, 2019 07:03am

Money & Banking

South African rand stumbles

South Africa's rand was weaker on Thursday on lingering economic weakness highlighted by the country's current account deficit and business confidence data.

Updated 06 Dec, 2019 07:04am

Money & Banking

Yen, Swiss franc fall in New York

The safe-haven yen and Swiss franc fell on Wednesday, as risk appetite improved, after more positive rhetoric on US-China trade negotiations from US President Donald Trump.

Updated 06 Dec, 2019 07:04am

Money & Banking

Early trade in New York: Dollar down for fifth straight session

The dollar fell for a fifth straight session on Thursday, undermined by a recent slew of weaker-than-expected US economic data and this week's robust performance by the euro and the British pound.

Updated 06 Dec, 2019 07:04am

Money & Banking

Dollar near one-month low in Europe

The dollar retreated on Thursday towards one-month lows against a basket of currencies, pressured by a slew of weaker-than-expected economic data and this week's robust performance by the euro and the British pound.

Updated 06 Dec, 2019 07:04am

Money & Banking

Dollar wavers in Asia

The dollar wobbled on Thursday as an earlier boost from upbeat trade comments by US President Donald Trump ran out of steam and investors remained on edge over Sino-US tensions.

Updated 06 Dec, 2019 06:54am

Commodities

CBOT corn futures lower

Chicago Board of Trade corn futures fell on Wednesday, retreating from early gains on technical selling, traders said. The benchmark CBOT March corn futures contract turned lower after failing to hold support above its 20-day moving average for the third

Published 06 Dec, 2019 12:00am

Commodities

CBOT wheat futures firmer

US wheat futures firmed on Wednesday, posting a higher close on a mild technical bounce following early weakness, traders said. The benchmark Chicago Board of Trade March soft red winter wheat contract found support around its 23.6 percent retracement poi

Published 06 Dec, 2019 12:00am

Cotton & Textile

Business activity improves on cotton market

Business activity improved on the cotton market on Thursday as declining rates attracted mills and spinners, dealers said. The official spot rate was unchanged at Rs8900, they added. In ready session, about 16,000 bales of cotton changed hands between Rs8

Updated 06 Dec, 2019 06:55am

Business & Economy

Activities at Karachi and Qasim Ports

The Karachi Port handled 91,092 tonnes of cargo comprising 45,893 tonnes of import cargo and 45,199 tonnes of export cargo including 4,992 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.

Published 06 Dec, 2019 12:00am

Energy

US natural gas futures fall for less heating demand

US natural gas futures fell over 2% on Wednesday on forecasts for less heating demand through the middle of December than previously expected. Front-month gas futures for January delivery on the New York Mercantile Exchange were down 5.5 cents, or 2.3%, t

Updated 06 Dec, 2019 06:55am

Commodities

CBOT soyabean futures rise

US soyabean futures rose on 0.8% on Wednesday, posting their biggest percentage gain since Nov. 7, on hopes that the United States and China will come to a trade agreement in the coming weeks.

Published 06 Dec, 2019 12:00am

Commodities

Euronext wheat futures little changed

Euronext wheat futures were little changed on Wednesday as the market consolidated while awaiting the outcome of a tender by Algeria, the largest overseas market for French wheat.

Published 06 Dec, 2019 12:00am

PMEX daily trading report

On Wednesday t Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,277.

Published 06 Dec, 2019 12:00am

Commodities

Chinese iron ore futures rise as shipments from Brazil fall

Iron ore futures in China rose on Wednesday, extending gains into a second session, as data showed shipments from Brazil dropped last week.

Published 06 Dec, 2019 12:00am

US indicts 'Evil Corp' hackers with alleged Russian intelligence ties

A Lamborghini-driving Moscow hacker who called his operation Evil Corp and has ties to the FSB Russian intelligence service was indicted by US authorities Thursday for the cybertheft of tens of millions of dollars.

Published 06 Dec, 2019 12:00am

'Do it for our children,' parents plead at UN climate meet

Parents from around the globe Thursday said governments locked in negotiations at UN talks in Madrid must beat back the threat of global warming to "give our children the future that they deserve".

Published 06 Dec, 2019 12:00am

Putin seeks rapid renewal of key nuclear deal with US

Russia's President Vladimir Putin on Thursday said Moscow seeks to renew the nuclear New Start treaty, a key remaining US-Russian arms treaty, before the end of the year. Speaking to military chiefs and Russian defense executives, Putin said the decision

Published 06 Dec, 2019 12:00am

China's neighbours worried about Beijing's military, economic might: poll

China's neighbours feel threatened by the country's overseas investments and military might, even though people in many countries around the world view the Asian power's economic growth positively, a poll showed Thursday.

Published 06 Dec, 2019 12:00am

US says seized Iranian weapons bound for Yemen

The United States said Thursday that it seized a major shipment of Iranian weapons bound for Yemen's Huthi rebels, denouncing what it called a violation of a UN arms embargo.

Published 06 Dec, 2019 12:00am

Israel and Czech Republic sign $125m missile defence deal

Israel's defence ministry signed a deal with its Czech counterpart on Thursday to sell it radar systems used in the Jewish state's Iron Dome missile defence system. The radars will be integrated into the Czech air defence system which will use Prague's ow

Published 06 Dec, 2019 12:00am

Dozens of migrants drown as boat sinks off Mauritania

At least 62 migrants travelling on a makeshift boat have drowned off the coast of Mauritania, in the worst loss of life this year along the increasingly travelled western Atlantic migration route to Europe. Eighty-three survivors managed to swim to shore

Published 06 Dec, 2019 12:00am

Two killed in shooting at Hawaii's Pearl Harbor base

A US sailor fatally shot two people and wounded a third at the Pearl Harbor Naval Shipyard in Hawaii on Wednesday before taking his own life, a senior Navy officer said.

Published 06 Dec, 2019 12:00am

Silver Spitfire back in Britain after round-the-world trip

An original Spitfire plane landed back in Britain on Thursday after successfully completing a first-ever attempt to fly the iconic World War II fighter around the globe.

Published 06 Dec, 2019 12:00am

Pro-paramilitary demonstrators stream into Iraqi protest camp

Crowds backing a paramilitary force close to Iran streamed into the Iraqi capital's main protest camp on Thursday, rattling anti-government demonstrators who have denounced Tehran's role in their country.

Published 06 Dec, 2019 12:00am

Brief Recordings

An interview with Noman Azhar, Country Head of Branchless Banking at JS Bank 'Pakistan's digital banking space is opening up'

Noman Azhar is currently working as Country Head of Branchless Banking at JS Bank. He is a passionate technologist working on Mobile Money, Digital Payments and Digitization. Having worked in Leading telecom operator, Banks and Technology provider for ove

Updated 06 Dec, 2019 07:25am

NUTEC seeks Senate body's help in getting Rs500m funds

National University of Technology (NUTEC) is facing financial woes like other public sector universities due to which its research programme and other initiatives are affected badly.

Published 06 Dec, 2019 12:00am

Senate body to review issues of mines' workers, owners

The members of Senate Standing Committee on Petroleum are visiting Balochistan to discuss with the provincial government the measures adopted for safety and security of mine workers and facilities provided to them by mine owners to avoid occurrence of acc

Published 06 Dec, 2019 12:00am

PM reviews Naya Pakistan Housing Project's progress

Terming housing sector a priority for his government, Prime Minister Imran Khan on Thursday said promotion of this area would not only boost 40 related industries, but ensure provision of job opportunities to youth and skilled labour.

Published 06 Dec, 2019 12:00am

Ink Factory signs MoU with Konica Minolta & Rolland

Ink Factory, a digital design and print company, entered into a long-term engagement with international market leading technology companies, Konica Minolta and Rolland, by signing Memorandum of Understanding (MoU) with their respective Pakistan distributo

Published 06 Dec, 2019 12:00am

Articles

Partly Facetious : 'Abdul Public'?

"The Khan reckons that all is well and the problem is the failure of around 20 plus disseminators, read those dealing with the media, unable to convey to Abdul Public that his administration is doing an exemplary job in all areas of government activity an

Updated 06 Dec, 2019 07:07am

Government mulling establishing expo centre in Sialkot: BoI chief

Minister of State and Chairman Board of Investment (BoI) Zubail Gilani on Thursday visited Sialkot Chamber of Commerce and Industry (SCCI) to discuss different ways and means pertaining to investment with business community of Sialkot.

Published 06 Dec, 2019 12:00am

AdAsia 2019 concludes: Pakistan is now safe and stable, says Alvi

President Dr Arif Alvi on Thursday said that Pakistan is now safe and stable and moving forward.

Published 06 Dec, 2019 12:00am

Zuckerberg holds AdAsia audience spellbound

The three-day AdAsia Lahore 2019 concluded here on Thursday, featuring some extraordinary international advertising industry figures including Randi Zuckerberg from Zuckerberg Media, Tom Goodwin from Zenith Media, Julian Boulding from thenetworkone, Edwar

Published 06 Dec, 2019 12:00am

Money & Banking

JBS inks MoU with EFU Life for provision of HPE storage solutions

Jaffer Business Systems (JBS) and EFU Life Assurance recently signed a Memorandum of Understanding (MoU). According to the MoU, JBS has partnered with EFU Life for providing Hewlett Packard Enterprise (HPE) storage solutions that include HPE 3PAR, storage

Updated 06 Dec, 2019 06:53am

Business & Economy

Iranian envoy tells FCCI: Trade volume of around $6.25bn exists with Pakistan despite pressures

The volume of bilateral trade between Pakistan and Iran is around US$6.25 billion despite of pressures and threats, disclosed Iranian Consul General Lahore Mohammad Reza Nazeri

Published 06 Dec, 2019 12:00am

AdAsia Lahore achieves its objectives: Javed Jabbar

Former Information Minister and Honourary Chairman of the Organizing Committee of AdAsia Lahore 2019 said on Thursday that AdAsia has achieved its objective by ensuring some outstanding features, including presentations and the range of people who have co

Published 06 Dec, 2019 12:00am

Diamer Bhasha Dam: Wapda may award contract in 6 to 8 weeks: chairman

The Water and Power Development Authority (WAPDA) is all set to commence construction work on Diamer Basha Dam following award of contract in six to eight weeks while the under-construction Mohmand Dam and Dasu Hydropower Project (Stage-I) will be complet

Published 06 Dec, 2019 12:00am

Abbasi's petition disposed of

The Lahore High Court (LHC) on Thursday disposed of a petition filed by former prime minister Shahid Khaqan Abbasi for issuance of production order to attend the assembly's session.

Published 06 Dec, 2019 12:00am

Money & Banking

HBL & Jubilee Life launch 'Amal' Takaful plan

HBL and Jubilee Life have signed an agreement to launch "AMAL", a term life takaful proposition. Amal is a "pure protection" plan and provides coverage in the case of death. The product is in line with the Bank's objective of offering products based on cu

Updated 06 Dec, 2019 06:52am

Money & Banking

Golootlo partners with BankIslami

Decagon Pakistan Pvt Ltd. (Golootlo) entered into an agreement with BankIslami which shall allow the bank's customers a hassle-free access to all the Golootlo discounts available nationwide. BankIslami, one of the fastest growing Banks in Pakistan, strive

Updated 06 Dec, 2019 06:52am

Cotton & Textile

APTMA criticises raise in power tariff through quarterly adjustments

An increase in power tariff through quarterly adjustments has frittered away the initiatives of the government meant for the export sector.

Updated 06 Dec, 2019 06:52am

Tender for deep solar pumping systems: CCP acquits KP Directorate of Agri Engg in restrictive trading conditions

Competition Commission of Pakistan (CCP) has declared that Khyber Pakhtunkhwa Directorate of Agriculture Engineering (Respondent) has not been involved in restrictive trading conditions in its tender for 'Procurement and Installation of Deep Solar Pumping

Published 06 Dec, 2019 12:00am

Business & Economy

SCCI urges govt to ensure hurdle free honey export

The Sarhad Chamber of Commerce and Industry president, Engr Maqsood Anwar Pervaiz has urged the government to take pragmatic measures to remove hurdles in export of honey and to provide adequate facilities to beekeepers.

Published 06 Dec, 2019 12:00am

Business & Economy

KP PDWP okays projects worth Rs 9.524 billion

A meeting of Provincial Development Working Party (PDWP) Khyber Pakhtunkhwa held here Thursday with Additional Chief secretary (ACS) Atif Rehman in the chair approved 11 developmental projects worth Rs9.524 billion.

Published 06 Dec, 2019 12:00am

Ali Khwaja assumes charge of CC IR RTO

Newly appointed Chief Commissioner Inland Revenue, Regional Tax Office (RTO), Sardar Ali Khwaja assumed charge of his office, said a press release issued here on Thursday.

Published 06 Dec, 2019 12:00am

Across Asia-Pacific: Fahad Qadir selected as one of 40 young professionals

Fahad Qadir, Director Public Affairs and Communications of Coca-Cola Pakistan, has been selected as one of 40 young professionals under age 40 from across Asia-Pacific, for this year's "40 under 40" list of Asia Pacific's next generation of leadership by

Published 06 Dec, 2019 12:00am

Resolution of Kashmir issue need of the hour, says Saudi Shura chief

Chairman of the Shura Council of Saudi Arabia Dr Abdullah Bin Mohammed Al-Sheikh Thursday said the Kashmir issue warranted an immediate resolution or otherwise it would lead to a human catastrophe.

Published 06 Dec, 2019 12:00am

Articles

FY19: FBR's dismal performance - I

An unusual decline in revenue collection and a steep rise in current expenditures caused a deterioration in all major fiscal indicators during FY19. The overall budget deficit during the year stood at a historic high of 8.9 percent of GDP, which was also

Updated 06 Dec, 2019 07:21am

COAS visits strike corps near Bahawalpur

Chief of Army Staff (COAS) General Qamar Javed Bajwa Thursday visited strike corps during its winter collective training near Bahawalpur and witnessed training exercise for conduct of trans-frontier offensive operations.

Published 06 Dec, 2019 12:00am

PM says government facing resistance in e-governance implementation

Prime Minister Imran Khan has stated that the government is facing resistance in implementation of e-governance but warned that resistance is not going to last long.

Published 06 Dec, 2019 12:00am

TIP under the spotlight

A high-level committee headed by Prime Minister's Advisor on Commerce, Textile, Industries and Production and Investment is to evaluate prospects of privatisation of Telephone Industry of Pakistan (TIP), well-informed sources told Business Recorder.</i

Published 06 Dec, 2019 12:00am

Bond redemption: Payments made to exporters

The Federal Board of Revenue (FBR) on Thursday disbursed payments to exporters/bond holders by redeeming bonds issued to refund claimants.
Published 06 Dec, 2019 12:00am

Stocks
PSX adopts firm posture: BRIndex100 extends gains

A bullish trend continued on Pakistan Stock Exchange on the back of healthy buying in various sectors Thursday.
Updated 06 Dec, 2019 06:47am

SBP's reserves improve

The State Bank of Pakistan's foreign exchange reserves moved up by $1.8 billion during first five months (July-Nov) of FY20.
Published 06 Dec, 2019 12:00am

SDV data compilation: DPC issues 'SRF' for banks

The Deposit Protection Corporation (DPC) has issued a Standardized Report Format (SRF) to enable banks to compile "Single Depositor View (SDV)" data as per requirements of reimbursement.
Published 06 Dec, 2019 12:00am

Government steps up pressure on Shahbaz

Special Assistant to the Prime Minister on Accountability Shahzad Akbar Thursday accused Pakistan Muslim League-Nawaz (PML-N) President Shahbaz Sharif of using Chief Minister's (CM's) Secretariat for carrying out 'criminal' activities.
Published 06 Dec, 2019 12:00am

Shahbaz writes another letter to PM

Leader of the Opposition in the National Assembly Shahbaz Sharif has written another letter to Prime Minister Imran Khan for the appointment of the Chief Election Commissioner immediately.
Published 06 Dec, 2019 12:00am

PM makes 3 nominations for CEC appointment

Prime Minister Imran Khan on Thursday made three nominations for the appointment of the chief election commissioner as CEC former Justice Sardar Muhammad Raza reached the age of superannuation the same day, a development that has left the Election Commiss
Published 06 Dec, 2019 12:00am

Government, opposition given 10 days to resolve ECP issue

The Islamabad High Court (IHC) on Thursday granted ten days to the government and opposition to resolve the issue of appointment of chief election commissioner (CEC) and two members of Election Commission of Pakistan (ECP).
Published 06 Dec, 2019 12:00am

License renewal: $238.6 million received from China Mobile

The government received $238.6 million (Rs 37.16 billion) as non-tax revenue from China Mobile (CM Pak) cellular company as license renewal fee.
Published 06 Dec, 2019 12:00am

Over half a million march as France paralysed by strike

A nationwide strike brought much of France to a standstill on Thursday to protest the government's planned overhaul of the pension system, one of President Emmanuel Macron most ambitious reforms.
Published 06 Dec, 2019 12:00am

Stocks
WB, PSX and PBC to work on SDGs strategy

Representatives of the World Bank, United Nations Development Programme, Pakistan Business Council (PBC) and Pakistan Stock Exchange (PSX) Thursday rang the traditional bell (Gong) at Pakistan Stock Exchange here to start trading at the exchange.
Updated 06 Dec, 2019 06:47am

US says Iran protest death toll may surpass 1,000

The United States said Thursday that Iranian authorities may have killed more than 1,000 people in a crackdown on demonstrations, which Washington cast as the clerical regime's worst-ever internal challenge.
Published 06 Dec, 2019 12:00am

Sugar to be exported only under 'special conditions': Razak

Adviser to Prime Minister on Commerce, Textile, Industry and Production Abdul Razak Dawood on Thursday said Pakistan will be exported only under special conditions.
Updated 07 Dec, 2019 08:30am

Tier-1 retailers' outlets: Deadline for online integration with FBR extended till 15th

The Federal Board of Revenue (FBR) has condoned time limit up to December 15, 2019 for online integration of Tier-1 retailers' outlets with the Board's computerized system for real-time reporting of sales.
Published 06 Dec, 2019 12:00am

Appointment of advisers: Sindh government seeks to end governor's power of consent

A bill seeking to end Sindh Governor's power of consent for appointment of provincial advisors was presented in the Sindh Assembly on Thursday.
Published 06 Dec, 2019 12:00am

Alleged Indian rape victim set on fire on way to court hearing

An Indian woman was in a critical condition Thursday after allegedly being set on fire by two men she had accused of rape as she travelled to give evidence against them in court, police said.
Published 06 Dec, 2019 12:00am

Saudi Aramco raises $25.6 billion in largest-ever IPO

Saudi Arabia's state oil company Aramco launched its initial stock offering on Thursday, pricing at the high end of the target range and raising $25.6 billion, two sources told AFP.
Published 06 Dec, 2019 12:00am

High treason case: Special court decides to announce verdict on 17th

A Special Court has decided to announce the judgment of high treason case on 17th December after hearing the arguments of the government's new prosecution team.
Published 06 Dec, 2019 12:00am

Mengal's party threatens to quit government

Balochistan National Party (Mengal) Thursday threatened to end its alliance with the Pakistan Tehreek-e-Insaf (PTI) government if the latter does not release the four women arrested from Awaran district, and termed the move as an attack on Baloch traditio
Published 06 Dec, 2019 12:00am

Letters
IMF lending and democracy

This is apropos a Business Recorder op-ed "Inequality: the gaping hole in IMF template" carried by the newspaper yesterday. The writer, Shabir Ahmed, has advanced a highly informed argument on the current IMF programme. According to him, "With luck
Updated 06 Dec, 2019 07:25am

Articles
Trump on quest for foreign wins - and drama - in election year

President Donald Trump has shattered norms and niceties on the world stage in his nearly three years in office. Entering an election year, Trump is unlikely to slow down as he seeks what has largely eluded him - a headline-grabbing victory.
Updated 06 Dec, 2019 08:23am

Articles
A regulatory framework for Pakistan Railways - I

Pakistan Railways (PR) is a state-owned enterprise (SOE) under the Ministry of Railways (MoR). While up till the 1970s it operated as the main mode of transportation, both in terms of freight and passenger transport, but over the years since then, its det
Updated 06 Dec, 2019 07:19am

'Entrepreneurship exhibition' held at UAF

The Institute of Business Management Sciences, University of Agriculture Faisalabad on Thursday arranged entrepreneurship exhibition at the institute in which students presented their different business models.
Published 06 Dec, 2019 12:00am

Bachelor's degree for nurses to be introduced: Dr Zafar Mirza

Prime Minister's Special Assistant on National Health Services Dr Zafar Mirza said that government is working to upgrade the nursing profession; we are going with outdated 3 year diploma for nurses, now we will have a bachelor's degree for nurses.
Published 06 Dec, 2019 12:00am

Walk to create awareness about smog

A special walk was organized by the Peace for Life Welfare Foundation to raise awareness about smog and highlight prevention measures here on Thursday.
Published 06 Dec, 2019 12:00am

Taxes
July-November: Revenue collections of MCC, Appraisement East & West decrease

The revenue collections of Model Customs Collectorate (MCC), Appraisement East & West have witnessed 2 percent and 17 percent decline during July-November period.
Updated 06 Dec, 2019 06:48am

Taxes
FTO assures PTBA, LTBA officials of correcting FBR systems

Pakistan Tax Bar Association (PTBA) and Lahore Tax Bar Association (LTBA) office bearers Thursday met Federal tax Ombudsman (FTO) Mushtaq Ahmad Sukhera.
Updated 06 Dec, 2019 06:48am

Business & Economy
Churra appointed VC of KCCI sub-committee

President, Karachi Chamber of Commerce and Industry (KCCI) Agha Shahab Ahmed Khan has appointed Aamir Churra as Vice Chairman of KCCI Sub Committee Public Sector Utilities Power and Gas for the year 2019-20.Aamir Churra thanked the KCCI President Agha Sha
Published 06 Dec, 2019 12:00am

Karachi mayor extends rebate facility for MUCT consumers

Karachi Metropolitan Corporation (KMC) on Thursday announced extension of grace of 25 percent rebate on payment of all outstanding arrears on Municipal Utility Charges & Taxes (MUCT Bill) to the MUCT consumers till 31st December 2019.
Published 06 Dec, 2019 12:00am

IPI executive board condemns death threats to Dawn editor and CEO

The undersigned members of the global Executive ~ of the International Press Institute (IPI) vehemently condemn death threats made against fellow P1 Executive Board member and Dawn editor Zaffar Abbas as well as Dawn CEO Hamid Haroon during demonstrations
Published 06 Dec, 2019 12:00am

15th Annual Awards: TCF pays tribute to teachers

The Citizens Foundation (TCF) held the 15th Annual Awards ceremony to honor the years-long achievements and performance of its teachers and principals.
Published 06 Dec, 2019 12:00am

World community's silence over IoK's siege deplored

International community's silence on Jammu & Kashmir for last 123 days proves that trade and economic interests are far superior than humanity," said Secretary General (Federal) of the Businessmen Panel and former Chairman FPCCI Standing Committee, Ch Ahm
Published 06 Dec, 2019 12:00am

Business & Economy
OICCI announces results of IPR Survey

Overseas Investors Chamber of Commerce and Industry (OICCI) Tuesday announced the key findings of its latest Intellectual Property Rights (IPR) Survey.
Published 06 Dec, 2019 12:00am

Business & Economy
'Job Fair' for persons with disabilities held

More than thirty major companies participated in "Job Fair for persons with disabilities", organized by Network of Organizations Working with People with Disabilities (NOWPDP).
Published 06 Dec, 2019 12:00am

Improved economic indicators: Buzdar felicitates PTI leadership

Felicitating the PTI leadership over improved economic indicators, the Punjab chief minister Sardar Usman Buzdar Thursday said that long-term economic policies of the present government are bearing fruitful results.
Published 06 Dec, 2019 12:00am

Pakistan hails resumption of US-Taliban talks

Pakistan Thursday welcomed the resumption of the US-Taliban talks after a pause of almost three months, as President Donald Trump had called off the peace process.
Published 06 Dec, 2019 12:00am

Revival of executive magistracy?

Taking a backward step to the old days, the government of 'New Pakistan' is considering restoring the erstwhile executive magistracy system to control food inflation. Speaking at a presser on Tuesday flanked by the Prime Minister's Adviser on Finance (who
Updated 06 Dec, 2019 06:29am

Fiscal deficit challenge

Addressing the inaugural session of the two-day conference titled 'Rethinking Microfinance: Developing a New Inclusive Finance Compass', Advisor to the Prime Minister on Finance, Dr Hafeez Shaikh, stated that the fiscal deficit prevented the government fr
Updated 06 Dec, 2019 06:22am

'CLF emergency rooms save 2.7m children in 8 years'

Child Life Foundation, a public private partner of the government of the Sindh to run children emergency rooms in government hospitals has saved more than 2.7 lives in last 8 years, said Dr Ahson Rabbani, CEO, Child Life Foundation, in a presentation give
Published 06 Dec, 2019 12:00am

ACDIS DG for using nuclear technology for peaceful purposes

Director General Arms Control and Disarmament Division (ACDIS), Ministry of Foreign Affairs, Kamran Akhtar on Thursday emphasized that Pakistan's nuclear policy of deterrence needs to be shifted to peaceful usage of nuclear technology.
Published 06 Dec, 2019 12:00am

Stocks
'SECP building sound, cost-effective regulatory environment'

The Securities and Exchange Commission of Pakistan's foremost obligation remains building a regulatory environment that is sound, efficient and cost-effective.
Updated 06 Dec, 2019 06:47am

Taxes
Revenue collection: Tax harmonisation does not mean creation of single entity: Punjab PRA chief

Punjab Revenue Authority (PRA) Chairperson Zainul Abedin Sahi Thursday said harmonization of taxes between the federation and provinces does not mean creation of one organization of revenue collection.
Updated 06 Dec, 2019 06:52am

Business & Economy
Minister for body to address M&R issues of government's houses

Minister for Housing and Works Tariq Bashir Cheema Thursday said that the government should constitute a committee to visit government accommodations in the capital to address the maintenance and repairing issues.
Published 06 Dec, 2019 12:00am

Taxes
Abolition of tax on construction under consideration: Firdous

Special Assistant to the Prime Minister on Information and Broadcasting, Dr Firdous Ashiq Awan, Thursday said that chairman Naya Pakistan Housing Authority has informed the Prime Minister that tax levied on construction would be abolished, for which the m
Updated 06 Dec, 2019 06:48am

Previous Day

Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / May 13

281.73

USD PKR Interbank Buying / May 13

281.53

USD to Japanese Yen / May 13

147.90

USD to Swiss Franc / May 13

0.84

Pound Sterling to USD / May 13

1.32

Euro to USD / May 13

1.11

UK LIBOR % / May 12

4.96

Stock Volume

S&P 500 / May 12

5,844.19

Nasdaq / May 12

18,708.34

Dow Jones / May 12

42,410.10

India Sensex / May 13

81,726.97

Tokyo Nikkei / May 13

38,305.85

Hang Seng / May 13

23,188.20

FTSE 100 / May 13

8,606.55

Germany DAX 30 / May 13

23,595.02

France CAC40 / May 13

7,859.80

Item Value

Karachi Cotton PKR/37.32 KG / May 12

16,985

Gold 10 Grams PKR / May 12

291,923

Petrol/Litre / May 13

252.63

Crude Oil USD/Barrel / May 13

61.90

Gold Spot USD/Ounce / May 13

3,253.26

Diesel/Litre / May 13

256.64

Cotton US¢/pound / May 13

66.85

Gainers
Losers
Leaders

Stock Price

Grays Leasing / May 13

Grays Leasing Limited(GRYL)

4.51

▲ 0.72 (19%)

TPL Trakker Ltd / May 13

TPL Trakker Limited(TPLT)

6.59

▲ 1 (17.89%)

Al-Shaheer Corp / May 13

Al Shaheer Corporation Limited(ASC)

6.88

▲ 1 (17.01%)

B. F. Mod. / May 13

B.F. Modaraba(BFMOD)

8.34

▲ 1 (13.62%)

Burj Clean Energy Modaraba / May 13

Burj Clean Energy Modaraba(GEM)(GEMBCEM)

9.11

▲ 1 (12.33%)

Mahanna Islamic Index / May 13

Mahanna Islamic Index Traded Fund(MIIETF)

15.47

▲ 1.65 (11.94%)

Haseeb Waqas / May 13

Haseeb Waqas Sugar Mills Limited(HWQS)

9.59

▲ 1 (11.64%)

Gulshan Sp. / May 13

Gulshan Spinning Mills Limited(GSPM)

3.40

▲ 0.35 (11.48%)

Ghazi Fabrics / May 13

Ghazi Fabrics International Limited(GFIL)

10.17

▲ 1 (10.91%)

PIA Holding Co.Ltd / May 13

PIA Holding Company Limited(PIAHCLA)

14.80

▲ 1.35 (10.04%)

Stock Price

Power Cem(Pref) / May 13

Power Cement (Pref)(POWERPS)

15.35

▼ -1.71 (-10.02%)

Bilal Fibres / May 13

Bilal Fibres Limited(BILF)

19.59

▼ -2.18 (-10.01%)

TPL Life Insur. / May 13

TPL Life Insurance Limited(TPLL)

46.80

▼ -5.2 (-10%)

Din Tex. / May 13

Din Textile Mills Limited(DINT)

45

▼ -4.99 (-9.98%)

Mughal Energy / May 13

Mughal Energy Limited(GEM)(GEMMEL)

19.90

▼ -2.12 (-9.63%)

Suhail Jute / May 13

Suhail Jute Mills Limited(SUHJ)

78.36

▼ -8.24 (-9.52%)

First Punjab Modaraba / May 13

First Punjab Modaraba(FPJM)

2.77

▼ -0.28 (-9.18%)

Parmount Sp. / May 13

Paramount Spinning Mills Limited(PASM)

3.36

▼ -0.31 (-8.45%)

First AL-Noor Mod. / May 13

First Al-Noor Modaraba(FANM)

2.95

▼ -0.25 (-7.81%)

First IBL Mod. / May 13

First IBL Modaraba(FIBLM)

3

▼ -0.24 (-7.41%)

Stock Volume

WorldCall Telecom / May 13

Worldcall Telecom Limited(WTL)

41,734,903

▼ -0.06

Maple Leaf Cement / May 13

Maple Leaf Cement Factory Limited(MLCF)

41,052,877

▲ 6.27

Sui South Gas / May 13

Sui Southern Gas Company Limited(SSGC)

35,773,773

▲ 2.33

Oil & Gas Dev. / May 13

Oil & Gas Development Company Limited(OGDC)

30,912,153

▲ 15.65

B.O.Punjab / May 13

The Bank of Punjab(BOP)

24,175,098

▼ -0.16

Cnergyico PK / May 13

Cnergyico PK Limited(CNERGY)

24,174,880

▼ -0.09

K-Electric Ltd. / May 13

K-Electric Limited(KEL)

23,803,446

▼ -0.22

At-Tahur Ltd. / May 13

At-Tahur Limited(PREMA)

21,754,749

▼ -3.25

Fauji Cement / May 13

Fauji Cement Company Limited(FCCL)

20,681,855

▲ 1.82

D.G.K.Cement / May 13

D.G. Khan Cement Company Limited(DGKC)

19,785,523

▲ 10.35

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Gold price per tola falls massive Rs10,400 in Pakistan

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Pakistan govt working on options to increase FED

NJLI Sarmaya Growth Fund Rates

Rupee settles lower against US dollar

Illusion of remittance-driven growth

KSE-100 surges over 10,000 points on India-Pakistan ceasefire, IMF approval

NJLI Sarmaya Growth Fund Rates

Gold price per tola falls massive Rs10,400 in Pakistan

Rupee posts marginal gain against US dollar

IMF targets: ECC orders Rs50bn reallocation from PSDP to PD

SC dismisses ‘frivolous’ plea of FPSC with costs

FBR deputes officers at 21 beverages cos

Arif Habib expects super tax cut in upcoming budget

Beyond the ceasefire: Pakistan’s path forward

NJLI Sarmaya Growth Fund Rates

Gold price per tola falls massive Rs10,400 in Pakistan

KSE-100 surges over 10,000 points on India-Pakistan ceasefire, IMF approval

SC dismisses ‘frivolous’ plea of FPSC with costs

FY26 budget: Rates of CGT and WHT will be reduced

Rupee posts marginal gain against US dollar

Housing finance schemes: Pakistan govt ready to offer 100% guarantees to banks

Arif Habib expects super tax cut in upcoming budget

IMF targets: ECC orders Rs50bn reallocation from PSDP to PD

Currency	Rate
USD PKR Interbank Selling / May 13	281.73
USD PKR Interbank Buying / May 13	281.53
USD to Japanese Yen / May 13	147.90
USD to Swiss Franc / May 13	0.84
Pound Sterling to USD / May 13	1.32
Euro to USD / May 13	1.11
UK LIBOR % / May 12	4.96

Stock	Volume
S&P 500 / May 12	5,844.19
Nasdaq / May 12	18,708.34
Dow Jones / May 12	42,410.10
India Sensex / May 13	81,726.97
Tokyo Nikkei / May 13	38,305.85
Hang Seng / May 13	23,188.20
FTSE 100 / May 13	8,606.55
Germany DAX 30 / May 13	23,595.02
France CAC40 / May 13	7,859.80

Item	Value
Karachi Cotton PKR/37.32 KG / May 12	16,985
Gold 10 Grams PKR / May 12	291,923
Petrol/Litre / May 13	252.63
Crude Oil USD/Barrel / May 13	61.90
Gold Spot USD/Ounce / May 13	3,253.26
Diesel/Litre / May 13	256.64
Cotton US¢/pound / May 13	66.85

Stock	Price
Grays Leasing / May 13 Grays Leasing Limited(GRYL)	4.51 ▲ 0.72 (19%)
TPL Trakker Ltd / May 13 TPL Trakker Limited(TPLT)	6.59 ▲ 1 (17.89%)
Al-Shaheer Corp / May 13 Al Shaheer Corporation Limited(ASC)	6.88 ▲ 1 (17.01%)
B. F. Mod. / May 13 B.F. Modaraba(BFMOD)	8.34 ▲ 1 (13.62%)
Burj Clean Energy Modaraba / May 13 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.11 ▲ 1 (12.33%)
Mahanna Islamic Index / May 13 Mahanna Islamic Index Traded Fund(MIIETF)	15.47 ▲ 1.65 (11.94%)
Haseeb Waqas / May 13 Haseeb Waqas Sugar Mills Limited(HWQS)	9.59 ▲ 1 (11.64%)
Gulshan Sp. / May 13 Gulshan Spinning Mills Limited(GSPM)	3.40 ▲ 0.35 (11.48%)
Ghazi Fabrics / May 13 Ghazi Fabrics International Limited(GFIL)	10.17 ▲ 1 (10.91%)
PIA Holding Co.Ltd / May 13 PIA Holding Company Limited(PIAHCLA)	14.80 ▲ 1.35 (10.04%)

Stock	Price
Power Cem(Pref) / May 13 Power Cement (Pref)(POWERPS)	15.35 ▼ -1.71 (-10.02%)
Bilal Fibres / May 13 Bilal Fibres Limited(BILF)	19.59 ▼ -2.18 (-10.01%)
TPL Life Insur. / May 13 TPL Life Insurance Limited(TPLL)	46.80 ▼ -5.2 (-10%)
Din Tex. / May 13 Din Textile Mills Limited(DINT)	45 ▼ -4.99 (-9.98%)
Mughal Energy / May 13 Mughal Energy Limited(GEM)(GEMMEL)	19.90 ▼ -2.12 (-9.63%)
Suhail Jute / May 13 Suhail Jute Mills Limited(SUHJ)	78.36 ▼ -8.24 (-9.52%)
First Punjab Modaraba / May 13 First Punjab Modaraba(FPJM)	2.77 ▼ -0.28 (-9.18%)
Parmount Sp. / May 13 Paramount Spinning Mills Limited(PASM)	3.36 ▼ -0.31 (-8.45%)
First AL-Noor Mod. / May 13 First Al-Noor Modaraba(FANM)	2.95 ▼ -0.25 (-7.81%)
First IBL Mod. / May 13 First IBL Modaraba(FIBLM)	3 ▼ -0.24 (-7.41%)

Stock	Volume
WorldCall Telecom / May 13 Worldcall Telecom Limited(WTL)	41,734,903 ▼ -0.06
Maple Leaf Cement / May 13 Maple Leaf Cement Factory Limited(MLCF)	41,052,877 ▲ 6.27
Sui South Gas / May 13 Sui Southern Gas Company Limited(SSGC)	35,773,773 ▲ 2.33
Oil & Gas Dev. / May 13 Oil & Gas Development Company Limited(OGDC)	30,912,153 ▲ 15.65
B.O.Punjab / May 13 The Bank of Punjab(BOP)	24,175,098 ▼ -0.16
Cnergyico PK / May 13 Cnergyico PK Limited(CNERGY)	24,174,880 ▼ -0.09
K-Electric Ltd. / May 13 K-Electric Limited(KEL)	23,803,446 ▼ -0.22
At-Tahur Ltd. / May 13 At-Tahur Limited(PREMA)	21,754,749 ▼ -3.25
Fauji Cement / May 13 Fauji Cement Company Limited(FCCL)	20,681,855 ▲ 1.82
D.G.K.Cement / May 13 D.G. Khan Cement Company Limited(DGKC)	19,785,523 ▲ 10.35