News Archives for Print - 2020-02-07

Print - 2020-02-07

Business & Economy

Cement's growth continued to rise in January

Cement sector continued to post growth in the month of January as its total despatches increased to 4.074 million tons, an increase of 11.26 percent from 3.662 million tons during the same month last year.

Published 07 Feb, 2020 12:00am

Commodities

CBOT soyabean futures modestly higher

Chicago Board of Trade soyabean futures ended modestly higher on Wednesday as spillover strength from global equity markets and soyaoil futures offset worries about export demand for US supplies, traders said.

Published 07 Feb, 2020 12:00am

Energy

US natural gas futures fall to four-year low

US natural gas futures slipped to within a nickel of a near four-year low on Wednesday on forecasts for warmer-than-normal weather and low heating demand over the next two weeks, and a small decline in exports.

Published 07 Feb, 2020 12:00am

PMEX daily trading report

On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,195.

Published 07 Feb, 2020 12:00am

Commodities

Euronext wheat rises to one week high

Euronext wheat climbed to one week high on Wednesday supported by export demand and a broad-based recovery in global equity and commodity markets after recent losses fuelled by a coronavirus outbreak in China.

Published 07 Feb, 2020 12:00am

Commodities

CBOT wheat futures firm on technical buying

Chicago Board of Trade wheat futures closed higher on Wednesday in rangebound trade, supported by technical buying and short-covering amid a lack of market-moving news, traders said.

Published 07 Feb, 2020 12:00am

Global Business Economy

Chemical arms watchdog says Syria probe leakers 'not whistleblowers'

The world's chemical watchdog on Thursday slammed two former inspectors who leaked confidential papers questioning the body's findings into a 2018 chlorine attack in the Syrian town of Douma, saying they "are not whistleblowers".

Published 07 Feb, 2020 12:00am

Belgian region halts arms sales to Saudi defence ministry

The Belgian region of Wallonia, home to the FN Herstal and CMI arms plants, said Thursday it had halted weapons sales to Saudi Arabia's defence ministry because of the war in Yemen. Confirming a report in the newspaper L'Echo, Wallonia said Minister-Presi

Published 07 Feb, 2020 12:00am

Hollywood legend Kirk Douglas dies

Kirk Douglas, one of the last superstars of Hollywood's golden age of cinema renowned for his intense, muscular performances in "Spartacus" and "Paths of Glory," died Wednesday aged 103. The US leading man, producer and director came to prominence in the

Published 07 Feb, 2020 12:00am

Bulgaria changes legislation to join euro 'waiting room'

Bulgaria's parliament adopted on Thursday changes to the country's central bank law so as to allow its accession to the "waiting room" of the eurozone. Since 1999, Bulgaria has operated an IMF-led currency board arrangement that pegs its lev to the euro a

Published 07 Feb, 2020 12:00am

Iraq protesters defiant as they bury seven killed in overnight clash

Young Iraqi protesters pushed on with anti-government rallies across the country on Thursday as they buried seven fellow activists killed overnight in violence blamed on supporters of powerful cleric Moqtada Sadr.

Published 07 Feb, 2020 12:00am

Two train drivers killed in Italy high-speed rail crash

Two rail workers were killed and about 30 people injured on Thursday when a high-speed train derailed before dawn near Milan in northern Italy, authorities said.

Published 07 Feb, 2020 12:00am

Record breaking US astronaut returns to Earth

NASA's Christina Koch returned to Earth safely Thursday having shattered the spaceflight record for female astronauts after almost a year aboard the International Space Station. Koch touched down at 0912 GMT on the Kazakh steppe after 328 days in space al

Published 07 Feb, 2020 12:00am

Swiss authorities back assisted suicide in prisons

Sick prisoners will be allowed to request assisted suicide in Switzerland although the modalities still have to be worked out, prison system officials said on Thursday. The issue has come to the fore following a request made in 2018 by a convict behind ba

Published 07 Feb, 2020 12:00am

Two Palestinians killed, Israel troops wounded

A car-ramming targeting Israeli troops in Jerusalem wounded 14 people Thursday while two Palestinians were shot dead in clashes in the occupied West Bank, as violence spiked a week after Washington's controversial Middle East peace plan. A third person wa

Published 07 Feb, 2020 12:00am

Saudi ship on suspected weapons voyage arrives in France

A Saudi cargo ship on a suspected mission to collect weapons for use in the war in Yemen arrived in the French port of Cherbourg on Thursday. The Bahri Yanbu arrived at around 5 pm (1600 GMT) in Cherbourg, where dozens of activists held a protest over the

Published 07 Feb, 2020 12:00am

Journalists covering elections in Dhaka attacked, harassed

The Committee to Protect Journalists is alarmed by reports that several journalists were attacked, threatened, or had equipment taken while covering elections in Dhaka, Bangladesh's capital, on February 1.

Published 07 Feb, 2020 12:00am

Brief Recordings

An interview with Shahjahan Malik, chairman Rice Exporters Association of Pakistan (REAP)

'Hybrid rice transformed lives of farming community in Sindh'

Updated 07 Feb, 2020 05:49am

Business & Economy

Trade & investment: Islamabad, Moscow urged to make efforts under IGC roadmap

Trade Representative of Russia Yury Kozlov Thursday said that Pakistan and Russia have good chances to enhance the existing trade and investment cooperation therefore it was very necessary to make joint efforts under the roadmap which has been agreed at t

Published 07 Feb, 2020 12:00am

Man held for issuing bogus cheque

Police have arrested a man for issuing a cheque amounting Rs 30 million for a business deal which was dishonoured, informed police spokesman here on Thursday.

Published 07 Feb, 2020 12:00am

Head of PM's Digital Pakistan Initiative visits CDC

Ms Tania Aidrus, Head of Prime Minister Imran Khan's Digital Pakistan Initiative has visited Central Depository Company (CDC).

Published 07 Feb, 2020 12:00am

Articles

Partly Facetious : There are many disenchanted Kashmiris

"It's not as if I am a Khanzadeh anymore given the rate of inflation...."

Published 07 Feb, 2020 12:00am

Business & Economy

Port Qasim Collectorate collects Rs 17.52 billion customs duty during January 2020

Port Qasim Customs Collectorate, Karachi achieved its total revenue target for the month of January, 2020. The total collection for January, 2020 stood at Rs 57.02 billion as against the monthly target of Rs 54.20 billion, which is 5.21 percent higher tha

Published 07 Feb, 2020 12:00am

Business & Economy

Trade, overseas employment: 'Brexit can provide opportunity for Saarc countries '

SAARC Chambers of Commerce and Industry (CCI) Senior Vice President Iftikhar Ali Malik on Thursday said Brexit can provide an opportunity for SAARC countries especially for Pakistan in trade and overseas employment besides boosting its trade with United K

Published 07 Feb, 2020 12:00am

Business & Economy

Sustainable growth: Entrepreneur for fixing long-running fiscal, tax problems

Recent surge in direct foreign investment and improved macro-economic indicators should not make Islamabad complacent as it must meaningfully fix long-running fiscal and tax problems to achieve sustainable growth, a leading American-Pakistani entrepreneur

Published 07 Feb, 2020 12:00am

Business & Economy

Vast business opportunities exist in Punjab, says CS

Chief Secretary (CS) Punjab Azam Suleman Khan has said that there are vast business opportunities in Punjab and work on economic zones in the province will continue under the supervision of industries department.

Published 07 Feb, 2020 12:00am

Business & Economy

PTI government making progress on economy: Tareen

Pakistan Tehreek-e-Insaf (PTI) central leader Jahangir Khan Tareen has said that the PTI government is making positive advancements with regard to improving economy of the country and resolving problems of the masses under the vibrant leadership of Prime

Published 07 Feb, 2020 12:00am

Business & Economy

German envoy for enhancing trade ties with Pakistan

German Ambassador to Pakistan Bernhard Schlagheck has said on Thursday evening that Germany is very keen in enhancing and strengthening trade ties with Pakistan. Addressing the members of Sialkot Chamber of Commerce and Industry (SCCI) here he said that G

Published 07 Feb, 2020 12:00am

Summary sent to federal cabinet: Ministry to declare national emergency over locust attack

The Ministry of National Food Security and Research on Thursday announced that it has decided to declare a national emergency over locust attack in some parts of the country, and a summary has been sent to federal cabinet. During a briefing to National As

Published 07 Feb, 2020 12:00am

Business & Economy

FCEPL signs MoU with Parliamentary Taskforce on SDGs

FrieslandCampina Engro Pakistan Ltd (FCEPL) on Thursday signed a Memorandum of Understanding (MoU) with the Parliamentary Taskforce on Sustainable Development Goals (SDGs) to assist the SDGs Secretariat in achieving its Sustainable Development Goals.

Published 07 Feb, 2020 12:00am

Business & Economy

Aqsa becomes first Pakistani to win 'Lexus Design Award'

In her path-breaking accomplishment on the world stage, Aqsa Ajmal, an Industrial Design graduate from the NUST School of Art, Design & Architecture (SADA), has made headlines for seizing a slot amongst the 6 global finalists for the prestigious Lexus Des

Published 07 Feb, 2020 12:00am

Murad for protecting Karunjhar Range's religious, archaeological heritage

Sindh Chief Minister Syed Murad Ali Shah has said that the protection of cultural, religious and archeological heritage at Karunjhar Range was his first and top most priority before exploring the mining potential of different mineral, including granite, C

Published 07 Feb, 2020 12:00am

Seminar on coronavirus held at Ziauddin university

"In 2002 SARS emerged in Southern China and spread to 30 countries. In 2009 H1N1 influenza strain emerged in Mexico and caused worldwide panic. In 2012 MERS emerged in Saudi Arabia spread to 27 countries. In 2014 Ebola virus broke out in three West Africa

Published 07 Feb, 2020 12:00am

ICAP hosts joint Toastmasters speech contest in Islamabad

A joint Toastmasters speech contest was held among seven public speaking clubs in Islamabad. The first-ever public speaking competition of Toastmasters Club Area 05 was hosted by ICAP Toastmasters Club Islamabad under the management of the Area Director,

Published 07 Feb, 2020 12:00am

Money & Banking

Bank AL Habib offers high monthly returns on AL Habib MahanaMunafa Account

Bank AL Habib offers AL Habib MahanaMunafa Account - a Pak Rupee Term Deposit Account, featuring monthly payment of profits. The investment is available in five flexible schemes from one to five years term with profit rates up to 12.00% per annum on a one

Published 07 Feb, 2020 12:00am

Fake degrees: SC seeks details of stay orders

The Supreme Court on Thursday sought details of stay orders granted by various courts to the employees of Pakistan International Airlines (PIA), holding fake degrees. A two-member bench headed by Justice Umar Ata Bandial heard the case of fake degrees of

Published 07 Feb, 2020 12:00am

Only 2 percent newly wed couples undergo thalassaemia test

Recent survey of marriage season reveals that only 2 percent couples underwent thalassemia test, 98 percent ignored it, while constant growing numbers of thalassemic majors in our population is quite alarming, warned CSR activist for Thalassemia Eradicati

Published 07 Feb, 2020 12:00am

Symposium on 'Impact of higher education for sustainable growth' held

The Millennium Universal College (TMUC) in collaboration with University of Hertfordshire United Kingdom, ACCA UK and Rawalpindi Chambers of Commerce & Industry (RCCI) Thursday hosted an invigorating symposium to discuss and debate the "Impact of Higher E

Published 07 Feb, 2020 12:00am

NA body passes 'The Code of Civil Procedure (Amendment) Bill, 2019'

A parliamentary panel on Thursday passed "The Code of Civil Procedure (Amendment) Bill, 2019 with dissent note from two members belonging to JUI-F and PPP. The National Assembly Standing Committee on Law and Justice met under the chairmanship of Riaz Faty

Published 07 Feb, 2020 12:00am

Illegal allotment of welfare plot case: NAB told to file supplementary reference till February 24

The Accountability Court hearing the multibillion rupees fake bank accounts case on Thursday directed National Accountability Bureau (NAB) to file a supplementary reference in illegal allotment of welfare plot case till February 24. NAB prosecutor Sohail

Published 07 Feb, 2020 12:00am

Money & Banking

EFU Life to launch biometrically enabled policy acquisition system

EFU Life, the leading life insurance company in Pakistan, has been a pioneer in adopting the latest technology with the primary focus on becoming more customer-centric and operationally efficient.

Published 07 Feb, 2020 12:00am

Business & Economy

Overseas investors: OICCI survey concerned at some areas of doing business

Overseas Investors Chamber of Commerce and Industry (OICCI) has announced the results of the biannual "Perception and Investment Survey 2019" conducted during last quarter of calendar year 2019 amongst the leading foreign investors of the country accordin

Published 07 Feb, 2020 12:00am

Release of Zakat Fund across KP approved

Khyber Pakhtunkhwa Zakat, Usher Council has approved release of Zakat Fund across the province and all districts will receive its share in proportion to its population.

Published 07 Feb, 2020 12:00am

ChildLife Foundation all set to expand operations in Punjab, KP

ChildLife Foundation, at currently operating in Sindh and Balochistan's public sector teaching hospitals where, within past 10 years, it has saved lives of around 3 million, is all set to expand operations in Punjab and Khyber Pakhtunkhwa.

Published 07 Feb, 2020 12:00am

Business & Economy

Danish wind turbine maker evinces interest in establishing factory

The Danish wind turbine manufacturer Vestas - the world's largest wind turbine maker, representing over 16 percent of the world wind turbine market - has shown keen interest in establishing Wind Turbine factory in Pakistan and started groundwork for explo

Published 07 Feb, 2020 12:00am

Business & Economy

CPEC phase II to generate huge job opportunities: Asim Bajwa

Chairman CPEC Authority General (Retd) Asim Saleem Bajwa has said that the second phase of China Pakistan Economic Corridor (CPEC) encompassed multi-sector projects that would generate mass level employment opportunities in the country.

Published 07 Feb, 2020 12:00am

Senate body discusses wheat crisis

The Senate Standing Committee on National Food Security and Research on Thursday discussed wheat crisis and those responsible for it as and recommended for minimum support price.

Published 07 Feb, 2020 12:00am

Lesco officials to attend Wapda course

Three officers of Lahore Electric Supply Company (LESCO) have been nominated for a senior management course, starting from 10th of February at Wapda Administrative Staff College Islamabad. The officers included Shahid Haider, Nasir Ayaz Gurmani and Rana A

Published 07 Feb, 2020 12:00am

Stocks

NA body asks SECP to consult on NBR with policy board, brokers

Finance Standing Committee of National Assembly on Thursday asked the Securities Exchange Commission of Pakistan (SECP) to consult on its new brokers' regime with its Policy Board, brokers and other stakeholders including public within two weeks and repor

Published 07 Feb, 2020 12:00am

China-Pakistan flights operating normally

The flights between China and Pakistan are operating normally, and the news of a flight ban turns out to be untrue.

Published 07 Feb, 2020 12:00am

Business & Economy

IPR enforcement: US embassy lauds collaboration between IPO-Pakistan, LEAs

The US Embassy has appreciated the collaboration between Intellectual Property Organisation (IPO-Pakistan) and Law Enforcement Agencies (LEAs) in the field of IPR enforcement and expressed the confidence that this association would be fruitful for overcom

Published 07 Feb, 2020 12:00am

Reservations of govt's allies to be addressed amicably: Sarwar

Punjab Governor Chaudhry Mohammad Sarwar said on Thursday that PML-N should not be over-confident because Q-League and other allied parties are very much with the government.

Published 07 Feb, 2020 12:00am

Senate body briefed on seminary reforms, gas provision in erstwhile Fata

A parliamentary panel was informed on Thursday that Rs 87 million have been earmarked for mainstreaming the seminaries and its employees in erstwhile Federally Administered Tribal Areas (Fata) of which Rs 67 million have been released.

Published 07 Feb, 2020 12:00am

SOUL Festival to begin today

Activemedia and Foodies R Us proudly announce the 3rd season of Pakistan's biggest food and music event, SOUL Festival (Previously COKEFEST) at Islamabad from February 7-9 at F9 PARK. The event will bring Pakistan's top eateries and best music together to

Published 07 Feb, 2020 12:00am

Letters

China's praiseworthy response

That no country have done it better than China is a fact that has found its best expression from the remarks of head of the World Health Organisation (WHO). According to Tedros Adhanom, the world has 'window of opportunity' to halt coronavirus spread. He

Published 07 Feb, 2020 12:00am

Stocks

PSX remains lacklustre: BRIndex100 edges down

Pakistan Stock Exchange Thursday opened on a positive note, however remained volatile throughout the day due to investors' lack of interest.

Published 07 Feb, 2020 12:00am

China to halve tariffs on $75bn of US imports

China on Thursday said it would halve tariffs on $75 billion-worth of US imports as part of its trade truce with Washington and as officials look to calm markets unnerved by the deadly virus outbreak.

Published 07 Feb, 2020 12:00am

Forex reserves move up by $282m

The country's liquid foreign exchange reserves increased by $282 million during last week.

Published 07 Feb, 2020 12:00am

Fiscal deficit: Government intends to borrow Rs1.9trn in Jan-Jul, NA told

The National Assembly was informed Thursday that Pakistan Tehreek-e-Insaf (PTI) government intends to borrow Rs1.9 trillion for financing its fiscal deficit during January to July 2020.

Published 07 Feb, 2020 12:00am

Exports decline 3.4 percent YoY

The country's exports declined by 3.4 per cent in January 2020 as compared to same month of 2019, due to a number of factors, well-informed sources told Business Recorder.

Published 07 Feb, 2020 12:00am

GIDC reduction: Fertilizer industry quizzed for not passing on full impact

Prime Minister's Advisor on Commerce, Industries and Production, Abdul Razak Dawood Thursday quizzed fertilizer industry for not passing on the full impact of reduced GIDC rate of Rs 400 per bag of urea despite commitment, well-informed sources told Bu

Published 07 Feb, 2020 12:00am

Moody's eyes 'stable outlook' for banking system

Moody's Investors Service said the robust funding and liquidity and close links with the sovereign underpin stable outlook for the Pakistan banking system over the next 12-18 months.
Published 07 Feb, 2020 12:00am

China wages 'people's war' on coronavirus as cruises, companies hit

Chinese President Xi Jinping declared a "people's war" on Thursday against the fast-spreading coronavirus whose impact has been felt around the world from slowing factory floors to quarantined cruise liners.
Published 07 Feb, 2020 12:00am

US Senate acquits Trump in historic vote

President Donald Trump was acquitted on Wednesday in his US Senate impeachment trial, saved by fellow Republicans who rallied to protect him nine months before he asks voters in a deeply divided America to give him a second White House term. The businessm
Published 07 Feb, 2020 12:00am

Trump takes impeachment victory lap over 'vicious' Democrats

President Donald Trump celebrated his impeachment acquittal Thursday in a rambling, emotional speech raging against the investigations that have overshadowed his entire administration. Trump gathered scores of loyal Republican legislators, his legal team,
Published 07 Feb, 2020 12:00am

SECP issues draft of Companies (Amendment) Ordinance, 2020

The Securities and Exchange Commission of Pakistan (SECP) Thursday issued draft of the Companies (Amendment) Ordinance, 2020, containing new measures for greater ease of doing business for corporate sector.
Published 07 Feb, 2020 12:00am

Uniform power tariff: Hafeez mulls over various proposals

Adviser to the Prime Minister on Finance Dr Abdul Hafeez Shaikh has deliberated on different proposals as to how monthly, quarterly and yearly adjustments should be treated to give a uniform tariff to consumers for a period of 12 to 18 months with the obj
Published 07 Feb, 2020 12:00am

Kashmir cause: Pakistan remains engaged with OIC at leadership level: FO

Foreign Office on Thursday neither confirmed nor denied the 'reluctance' of Saudi Arabia to call a special session of OIC Council of Foreign Ministers (CFM) on Kashmir and asserted that Pakistan remains engaged with OIC at leadership level for discussion
Published 07 Feb, 2020 12:00am

PM warns Modi any further misadventure to be last one

Prime Minister Imran Khan on Thursday, expressing Pakistan's firm resolve to never leave Kashmiris alone, warned Indian Prime Minister Narendra Modi that any further misadventure would be the last one.
Published 07 Feb, 2020 12:00am

Army pays tribute to valiant struggle of Kashmiris

The Corps Commanders Conference on Thursday paid glowing tribute to the people of Indian Occupied Jammu and Kashmir (IOJ&K) for bravely facing Indian atrocities and continued siege.
Published 07 Feb, 2020 12:00am

Erdogan to address joint sitting on February 14: Speaker

Turkish President Recep Tayyip Erdogan will address the joint sitting of parliament on February 14 (Friday). Speaker National Assembly Asad Qaiser made this announcement during National Assembly session on Thursday. He said that he would hold consultation
Published 07 Feb, 2020 12:00am

Foreign funding case: PML-N, PPP yet to address ECP queries

Pakistan Muslim League Nawaz (PML-N) and Pakistan People's Party (PPP), the two mainstream opposition parties, are yet to address the queries of the Election Commission of Pakistan (ECP) regarding the evidence they submitted in the foreign funding case.
Published 07 Feb, 2020 12:00am

Israeli strikes kill 23 Syrian, foreign fighters in Syria

Israeli air strikes killed 23 Syrian and foreign fighters in Syria Thursday, a monitor said, the latest in a spate of raids Israel has said targeted an Iranian presence on its doorstep.
Published 07 Feb, 2020 12:00am

US should buy control of Nokia, Ericsson to fight Huawei: AG

The United States and its allies should take controlling stakes in Nokia, Ericsson or both to battle Chinese telecoms giant Huawei's dominance of the 5G market, US Attorney general Bill Barr said Thursday.
Published 07 Feb, 2020 12:00am

RLNG plants' sell-off: Legal matters will be resolved promptly, Soomro assured

Federal Minister for Privatization, Mohammedmian Soomro and Punjab Law Minister Raja Basharat Thursday discussed legal matters relating to the privatization of power plants - Haveli Bahadarsh and Balloki - in Lahore. Additional Chief Secretary Punjab, Sec
Published 07 Feb, 2020 12:00am

American kidnapped in eastern Afghanistan

A US security contractor has been kidnapped in eastern Afghanistan, an official confirmed Thursday, the latest instance of a foreigner being taken in the war-torn country where abductions are common.
Published 07 Feb, 2020 12:00am

Hafeez heaps praise on Shabbar

Adviser to the Prime Minister on Finance Dr Abdul Hafeez Shaikh says "we need to understand the causes of inflation". Government took initiatives to prevent bankruptcy, he added.
Published 07 Feb, 2020 12:00am

Without reforms, Gulf oil wealth could vanish by 2034: IMF

Energy-addicted Gulf states must undertake much deeper reforms or risk seeing their wealth drain away in 15 years as global demand for oil slides, the IMF warned Thursday.
Published 07 Feb, 2020 12:00am

KCR revival: Officials reprimanded for failure to comply with SC order

The Supreme Court Thursday took to task officials of federal and Sindh governments for their failure to revive Karachi Circular Railway according to its earlier order and warned to issue "contempt of court" notices to federal and provincial governments fo
Published 07 Feb, 2020 12:00am

BJP seeks to unseat 'common man' in Delhi election

A diminutive former tax inspector is in the cross-hairs of Indian Prime Minister Narendra Modi's ruling party as it battles to take back power in Delhi state elections on Saturday.
Published 07 Feb, 2020 12:00am

Malaysia's PM-in-waiting seeks end to palm tension with India

Malaysian Prime Minister Mahathir Mohamad has dialled back his criticism of India after it sparked a boycott of Malaysian palm oil, his chosen successor Anwar Ibrahim told Reuters on Thursday, urging New Delhi to note the change in tone.
Published 07 Feb, 2020 12:00am

PML-N, PPP want NA body to probe crises of flour & sugar

The major opposition political parties-Pakistan Muslim League-Nawaz (PML-N) and Pakistan People's Party (PPP)-in National Assembly on Thursday criticised the ruling Pakistan Tehreek-e-Insaf (PTI) on price hike, saying a mafia from within the government is
Published 07 Feb, 2020 12:00am

PA panel seeks report on deceased employees' quota

Chairperson, Khyber Pakhtunkhwa Assembly Standing Committee on Health Dr Sumaira Shams has directed the department to present a comprehensive report regarding the quota of the deceased employees in upcoming meeting.
Published 07 Feb, 2020 12:00am

CM seeks lawyers' role for timely provision of justice

Acknowledging the role of legal fraternity for supremacy of the Constitution and strengthening of democracy, Chief Minister Punjab Sardar Usman Buzdar on Thursday said the lawyers' community has to pro-actively play their role for timely provision of just
Published 07 Feb, 2020 12:00am

SC orders removal of DG SBCA

Supreme Court (SC) on Thursday gave the order for removal of Director General (DG) Sindh Building Control Authority Zafar Ahsan and directed the Sindh Chief Minister to replace him with an "honest officer".
Published 07 Feb, 2020 12:00am

Taxes
Sindh 'reluctant' to collect WHT on behalf of FBR

A serious thinking is developing in Sindh government that the Federal Board of Revenue should be informed that the provincial Motor Vehicle Registration wings of Excise & Taxation Department will no longer collect withholding taxes on FBR's behalf because
Published 07 Feb, 2020 12:00am

Process of newspapers' ads to be made transparent: minister

Sindh Minister for Information, Local Government, Housing Town Planning, Religious Affairs, and Forest Department, Syed Nasir Hussain Shah has said that the process of giving advertisements to the newspapers would be made more transparent.
Published 07 Feb, 2020 12:00am

Energy
SSGC's 'Grift Operation' going strong against miscreants

The Sui Southern Gas Company's Operation Grift has been going strong against miscreants involved in stealing gas.
Published 07 Feb, 2020 12:00am

Cotton & Textile
'Textile sector facing tough time due to uncertain policies'

Value Added Textile Exports Associations Thursday claimed that textile sector is facing a tough time due to uncertain economic policies and textile exports will completely collapse leading to enormous flight of capital and massive lay-offs and uncontrolle
Published 07 Feb, 2020 12:00am

Khattak-led team meets disgruntled MQM-P

The government negotiation team on Thursday held a meeting with Muttahida Qaumi Movement-Pakistan (MQM-P) in a bid to address the reservations of the coalition partner, as the committees tasked by Prime Minister Imran Khan sought to resume the dialogue pr
Published 07 Feb, 2020 12:00am

PML-N MPA moves IHC against disqualification

Chaudhry Kashif Mehmood, a disqualified Member of Punjab Assembly of Pakistan Muslim League-Nawaz (PML-N), filed an intra court appeal on Thursday before Islamabad High Court (IHC), challenging his disqualification for possessing a fake degree.
Published 07 Feb, 2020 12:00am

Oil tanker crew: Dasti arrested in kidnapping case

Police on Thursday arrested former Member of National Assembly (MNA) Jamshed Dasti in oil tanker crew kidnapping case. According to sources, Jamshed Dasti was arrested by Muzaffargarh police when he reached High Court to file his bail plea. Earlier, polic
Published 07 Feb, 2020 12:00am

Ephedrine case: Court issues arrest warrants of Ali Musa Gillani

The special anti-narcotics court on Thursday issued non-bailable arrest warrants of Ali Musa Gillani, son of former Prime Minister Syed Yousaf, for not appearing before it in ephedrine quota case. Special anti-narcotics court Judge Wajid Ali while hearing
Published 07 Feb, 2020 12:00am

CPNE unanimously supports Ikram Sehgal

A spate of malicious propaganda against respected CPNE member Ikram Sehgal despite his years of service supporting Pakistan's image in the world was taken note of by CPNE Standing Committee on 31 Jan 2020 at its recent meeting in Lahore. The CPNE members
Published 07 Feb, 2020 12:00am

Articles
Tax frauds, corruption & NAB

In majority tax frauds, the usual parties are the official(s) and the taxpayer(s). Cases where unilateral tax fraud is committed are rare such as using fictitious bank account(s) to obtain fake refunds. But even in such cases, bank officials are involved
Published 07 Feb, 2020 12:00am

Exhibition on Kashmir held at Arts Council

The Lahore Arts Council Alhamra organized an art exhibition titled as 'Blood in the Valley' in connection with Kashmir Solidarity Day on Thursday. Punjab Law Minister Raja Basharat inaugurated the exhibition along with the Executive Director of Alhamra At
Published 07 Feb, 2020 12:00am

FBR revenue - target and performance

Federal Board of Revenue (FBR) target agreed between the country's economic team leaders and the International Monetary Fund on 12 May 2019 was 5.5 trillion rupees - a target considered totally unrealistic by Business Recorder as well as other inde
Updated 07 Feb, 2020 06:58am

Coalition blues

Having disbanded the committee charged with negotiating with its coalition allies over their grievances, Prime Minister (PM) Imran Khan reconstituted his negotiation team and dispatched Federal Minister for Education Shafqat Mahmood to Lahore on February
Updated 07 Feb, 2020 06:58am

SFA warns against selling loose edible oil

Director General Sindh Food Authority (SFA) Amjad Ali Laghari has said that sale of loose edible oil has been declared illegal and a strict action would be taken soon. Speaking at a meeting of Korangi Association of Trade & Industry , Laghari said that fi
Published 07 Feb, 2020 12:00am

Articles
Global economic prospects and Pakistan

The United Nations Department of Economic and Social Affairs (UN DESA), along with some other related departments of the United Nations (UN) recently launched their flagship report 'World Economic Situation and Prospects 2020'. According to the Secretary-
Published 07 Feb, 2020 12:00am

Previous Day

Forex
World
Commodity

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

Gainers
Losers
Leaders

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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NJLI Sarmaya Growth Fund Rates

Pakistan misses wheat production target

Aurangzeb showcases economic reforms, secures global support

Pakistan, India exchange gunfire for 2nd day as ties plummet after attack

SBP injects massive Rs11.85 trillion into banking system for up to 14 days

Trade tensions to affect Pakistan more in region: IMF

Gwadar Port: SRO issued to allow potassium sulphate export

‘Rs1.6trn to be saved’: NEPRA says to discontinue dollar-based indexations for four power plants

Pakistan open to ‘neutral, transparent’ probe into Pahalgam attack: PM Shehbaz

NJLI Sarmaya Growth Fund Rates

Pakistan misses wheat production target

China, KSA, UAE briefed about economy

‘Rs1.6trn to be saved’: NEPRA says to discontinue dollar-based indexations for four power plants

All categories covered: FBR extends new set of rules for e-invoicing

Good Bricks factory officially opens in Pakistan

Worldcall Telecom Limited

US condemns attack in Pahalgam, says not taking a position on IIOJK

UN urges Pakistan, India to have ‘maximum restraint’ after Pahalgam attack

Good Bricks factory officially opens in Pakistan

NJLI Sarmaya Growth Fund Rates

‘India can’t scrap Indus Waters Treaty unilaterally’

Pakistan misses wheat production target

Highest income groups be taxed at higher effective rates: WB

Gold prices remain stable in Pakistan

Property transfer: Cabinet will abolish 3-7% FED soon

E-invoices integration: FBR sets May 1 deadline for corporate entities

‘Rs1.6trn to be saved’: NEPRA says to discontinue dollar-based indexations for four power plants

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