Firmer trend was seen on the money market on Saturday as the rupee maintained last levels against the dollar in the process of trading activity, dealers said.
For the first time in the history of the HBL Pakistan Super League, the fans and followers of the league will enjoy cricketing-action in the country's national language. A star-studded commentary panel - including Ramiz Raja, Bazid Khan, Waqar Younis and
Since its advent the HBL-Pakistan Super League has brought forward some riveting on-field rivalries and contests between Quetta Gladiators and Peshawar Zalmi have kept the fans at the edge of their seats.
Sweden's Armand Duplantis set a world pole vault record of 6.18 metres at an indoor meeting in Glasgow on Saturday, adding one centimetre to the record he set in Poland last week. Duplantis, who won silver at last year's world championships in Doha, clear
Kazakhstan's Elena Rybakina fought back to beat Maria Sakkari in Saint Petersburg on Saturday and reach her third WTA final of the season from only four events, where she will face second seed Kiki Bertens. The 20-year-old Rybakina, who won the Hobart Int
Sindh won the final of the 3rd Pakistan Petroleum Limited (PPL) Blind Cricket Super League organized by Pakistan Blind Cricket Council (PBCC) at PAF Faisal Airbase Ground, here on Saturday. Sindh defeated Balochistan by 2 wickets to emerge triumphant. The
Dr Christian Turner, CMG the British High Commissioner to Pakistan hosted a reception to welcome Marylebone Cricket Club (MCC) to Lahore and to celebrate the Pakistan Cricket Board's efforts to bring international cricket back to Pakistan.
Pakistan and India set up mouth watering Kabaddi World Cup 2020 title clash following their convincing victories in semi-final matches against Iran and Australia respectively at Punjab Stadium here on Saturday. The final between Pakistan and India will be
The first-ever Hindu Kush Snow Sports Festival began with colourful activities in the scenic Madaklasht Valley in Chitral district on Saturday. Drosh Assistant Commissioner, Abdul Haq, inaugurated the three-day festival. Officials of Tourism Corporation K
Tehsil Swabi and Rajarr to clash in the finals of the tug of war and volleyball event after securing victories against their respective rivals on the opening day of the Khyber Pakhtunkhwa U-21 Inter-Tehsil Games which got underway at Bamkhail Sports Compl
Kim Clijsters, 36, who is starting her second comeback to professional tennis in Dubai next week, will not have an easy return, as she was handed a first-round tie against world number eight Kiki Bertens in Saturday's draw. Clijsters, a Belgian mother-of-
China's iron ore futures rose for a third session on Thursday as spot prices rallied to three-week highs after miner Vale SA downscaled its production outlook for the first quarter, but concerns over the coronavirus death toll kept gains in check.
The Dal
Chicago Board of Trade corn futures ended lower on Thursday in rangebound trade, pressured by technical selling and expectations for large South American harvests, traders said. CBOT March corn settled down 3-1/2 cents at $3.79-1/2 per bushel, staying ins
Mills showed less interest in fresh deals on the cotton market on Saturday owing to lack of fresh leads, dealers said. The official spot rate was at Rs 9100, they added. In the ready session, only 400 bales of cotton from Rahim Yar Khan finalised at Rs 90
British wheat exports rose in December, boosted by a shipment to the United States, and are running well ahead of last season's pace, customs data showed on Tuesday. Wheat exports for the month totalled 96,111 tonnes, up from the previous month's 71,463 t
The euro bounced against the greenback on Friday as US stocks declined from record highs, though concerns about growth in the eurozone are expected to keep weighing on the single currency. Anxiety about the impact of the coronavirus on the European econom
Crypto analysts are split on whether bitcoin's rise this year is driven by unique factors or is just its latest bout of volatility. But many agree on one factor: an upcoming cut to the supply of bitcoin. Bitcoin has soared by almost half this year, to mor
Speculators increased their net long dollar position in the latest week, according to calculations by Reuters and US Commodity Futures Trading Commission data released on Friday. The value of the net long dollar position, derived from net positions of Int
The Canadian dollar strengthened on Friday against its US counterpart, adding to this week's gains as investors speculated that the coronavirus outbreak would not cause long-lasting damage to the global economy. At 3:10 p.m. (2010 GMT), the Canadian dolla
The S&P 500 ended modestly higher on Friday following strong earnings from Nvidia and a report late in the session that the White House was considering a tax incentive for Americans to buy stocks. Uncertainties surrounding the coronavirus epidemic and dow
First Abu Dhabi Bank (FAB) sold on Wednesday 450 million pounds ($584 million) of three-year sterling-denominated bonds at 98 basis points (bps) over UK gilts, according to an investment note seen by Reuters. The debt sale has garnered around 1.25 billion
Turkish President Recep Tayyip Erdogan on Saturday discussed with US counterpart Donald Trump ways to end the crisis in Idlib, Syria's last major rebel bastion, and condemned Damascus' attacks there, the Turkish presidency said.
Several thousand people demonstrated Saturday in Erfurt, capital of Thuringia state in Germany's former communist east, where far-right lawmakers last week helped install a new state premier. "Not with us! No pacts with fascists any time or anywhere!" is
Singapore ordered the Facebook page of an anti-government website Saturday to warn readers it regularly posts falsehoods, the first time authorities have taken such action under a tough law against misinformation.
An air strike in Afghanistan has killed at least eight civilians, officials said Saturday, as the war-torn country prepares for a "reduction in violence" under a deal between Taliban militants and the United States. The incident took place in the eastern
A demonstrator was shot dead near the Iraqi capital's main protest camp by unidentified attackers using a gun silencer, medics said Saturday, as police reported a spate of activist abductions. Around 550 people have been killed since the anti-government m
The United States is increasing tariffs on Airbus planes imported from Europe to 15 percent, authorities announced, in a move the aerospace giant said on Saturday was "deeply" regrettable. Friday's decision to hike tariffs from March 18 "further escalates
The federal government has released Rs444.3 billion (63.4 percent) including Rs85.17 billion foreign aid (66.4 percent) for various ongoing and new development projects under the Public-Sector Development Programme (PSDP) 2019-2020 against the total budge
The Human Rights Commission Pakistan (HRCP) staged a rally from Old Campus to Press Club Hyderabad for the rights of peasants and labours on Saturday. A large number of peasants and labours from different districts of Sindh participated in the rally and c
WAPDA Chairman Lt Gen Muzammil Hussain (Retd) said on Saturday the construction work on multipurpose Mohmand Dam Hydropower Project would be completed during high flow season in 2025 as per the timelines. He said the construction work is being carried out
Prices of essential kitchen items have witnessed an increase during this past week compared to the week before, according to a survey carried out by Business Recorder here on Saturday. During the week, prices of the vegetables, chicken and fruits h
The Federal Board of Revenue (FBR) will not impose any penalty for not filing Goods Declarations (GDs) on goods imported as gift by individuals without national tax number (NTN) or sales tax registration number (STRN) through courier/air cargo, diplomatic
Model Customs Collectorate, Preventive, Karachi on Saturday claimed to have seized smuggled goods worth Rs 1.14 billion during last three months. Speaking at a press conference held at Preventive Service Club, Keamari, Collector Preventive Muhammad Saqif
The Securities and Exchange Commission of Pakistan (SECP) has empowered the Commissioner, Corporatisation and Compliance (C&C) Department (Company Law Division) to grant approval for offer of Employee Stock Option Scheme and for issuance of such shares.
Anis Majeed, patron in chief, Karachi Wholesale Grocers Association (KWGA) and Malik Zulfiqar Ali, chairman KWGA have expressed concern over the incident of abduction of commodity vehicles coming from Punjab and Sindh to Karachi at the Indus and Super Hig
SAARC Chambers of Commerce and Industry (CCI) Senior Vice President Iftikhar Ali Malik on Saturday said economic and political stability is prerequisite for generating the required 1.3 million additional jobs on average every year to cope with the multipl
Pakistan have best cyber laws but our law enforcement agencies lacking expertise on these laws, Chief Justice Lahore High Court Mamoon Rashid Sheikh said on Saturday. Addressing a seminar on cyber laws at judicial academy here, Justice Mamoon Rashid said
Prime Minister Imran Khan's statement that Army is standing behind him is tantamount to dragging the national institution in politics, says Jamaat-e-Islaami chief Senator Sirajul Haq This was not the first time that the PTI government attempted to create
In a bid to resist the action of Punjab Higher Education Department (HED) and Punjab Higher Education Commission (PHEC) of regularizing the programs and sub-campuses of the private universities, the newly-formed Association of Private Sector Universities
The Lahore Chamber of Commerce and Industry (LCCI) and Punjab Higher Education Commission (PHEC) have inked a Memorandum of Understanding to collectively work towards promoting higher education, research, training industrial and academia linkages.
As part of Turkish President Recep Tayyip Erdogan's ongoing visit to Pakistan, an impressive ceremony was held at the Prime Minister's House here on February 14, 2020, to mark the signing of a Memorandum of Understanding (MoU) between the National Univers
Punjab Governor Chaudhry Mohammad Sarwar on Saturday said the present government through its viable and well-conceived economic policies has saved Pakistan from bankruptcy, and current account deficit has been reduced by 75 percent, while the global commu
Women Empowerment is a challenge for Faisalabad Women Chamber of Commerce & Industry (FWCCI) and in this connection, we must take pro-active steps to make this elected representative trade body financially stable and viable, said Mrs. Qurat-ul-Ain Preside
Indonesian Ambassador to Pakistan Iwan Suyudhie Amri has said there is huge potential to increase bilateral trade between the two Muslim brotherly countries. Speaking at the 'Palm Oil Seminar' jointly organised by Indonesian Embassy and Apical Pakistan he
Federal Government didn't release any fund for Greater Karachi Water Supply Scheme (K-IV) project out of Rs800 million allocated in Public Sector Development Programme (PSDP) 2019-20 in the first seven months of current fiscal.
The Provincial Development Working Party (PDWP) meeting has approved 10 schemes worth Rs 14.563 billion. The PDWP meeting was presided over by Chairman Planning & Development Board Sindh Mohammad Waseem, a statement of the department said here on Saturday
Pakistan's export of gems soared 18 percent to US$2.581 million in July-Dec 2019-20, official figures suggest. Increase in gems export comes to the tune of US$393,000 in July-Dec 2019-20 from US$2.188 million in July-Dec 2018-19, Pakistan Bureau of Statis
President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Mian Anjum Nisar has urged the Ministry of Commerce to take private sector particularly FPCCI on the Board of Treaty Implementation Cell (TIC) for formulating mechanism and
Chairman All Pakistan CNG Forum, Shabbir Sulemanjee has said that the present closure of almost two months is an historic example as the CNG stations in Sindh has never been closed for such a long period.
Food and Agriculture Organisation (FAO) of the United Nations' Director General (DG) Qu Dongyu has called for further deepening cooperation with Pakistan to tackle food insecurity, malnutrition and rural poverty.
Saying that 2020 is the year of change, Chairman Pakistan Peoples Party Bilawal Bhutto Zardari has said that the state should not be run through conspiracies rather it should be run according to the wishes of the people.
Pakistan on Saturday summoned top Indian diplomat and registered with him a strong protest on the ceasefire violations along the Line of Control (LoC) that resulted in serious injuries to a 13-year-old girl.
A five-day anti-polio campaign will formally start from Monday (February 17) to immunize over 6.7 million children in Khyber Pakhtunkhwa under the age of five years against the poliovirus. In January, it was reported that the overall tally of reported pol
Federal Minister for Aviation Division, Ghulam Sarwar Khan has said that efforts are being made to shift Peshawar Airport outside the city due to air traffic and passengers load. Talking to media, he said that three sites have already been identified for
The Pakistan Muslim League-Nawaz (PML-N) has slammed the "illegal" raids conducted by the National Accountability Bureau (NAB) on Sharif family's private business offices in Lahore.
Livestock Farmers' Welfare Association, Khyber Pakhtunkhwa and events' organiser Land Mark Communications signed a memorandum of understanding (MoU) for organising Dairy & Livestock Expo 2020 in Peshawar. The MoU was signed by the Livestock Farmers' Welfa
Contrary to the tall claims made by the local police that they have taken stringent security measures in the federal capital to protect life and property of the residents, robbers have reportedly struck at six separate locations during last week.
A memorandum of understanding (MoU) has been signed between the Ministry of Trade of the Republic of Turkey and Federal Board of Revenue (FBR) on trade facilitation and customs cooperation matters in Prime Minister House. The MoU was signed by the Turkish
Senator Mustafa Nawaz Khokhar, spokesman of Chairman Pakistan Peoples Part (PPP) Bilawal Bhutto the PPP is determined to launch anti-government movement despite the notices issued by the National Accountability Bureau (NAB).
As Pakistan acquires effective nuclear-based deterrence against India's war-posturing, the latter sets about enhancing its counter-force capabilities. The US and Israel appear to be cooperating with India. According to latest reports, the US State Departm
Arvind Kejriwal's Aam Aadmi Party (AAP) has delivered a stunning electoral blow to Bharatiya Janata Party (BJP) in Delhi state elections, causing a setback to Narendra Modi's mission to convert India into a Hindu Rashtra. The AAP's 2020 win is different f
The National Assembly did not do itself proud when on Friday it passed a resolution seeking public hangings for people convicted of sexually abusing and killing children. The resolution was moved by six legislators, including Minister of State for Parliam
The IMF second review is concluded. The staff-level agreement has not been reached; unlike in November review. That said, the tone was not negative. There might be some prior actions (such as increase in petroleum levy, increase in gas prices, pending fue
The world today is at crossroads of its history as humanity faces gigantic challenges. The biggest challenge for the world is unresolved conflicts and human displacement due to these wars. According to Dina Nayeri, it is the obligation of every person bor
Irked by Iraq's close ties to neighbouring Iran, Washington has begun following through on threats to squeeze Baghdad's fragile economy with delays to crucial cash deliveries and shortened sanctions waivers. This week, the US granted Iraq last-minute leav
Hats off to Turkish President Recep Tayyib Erdogan for reiterating his country's support to Pakistan's efforts towards getting a clean-chit from Financial Action Task Force (FATF) ahead of global financial watchdog's crucial plenary in Paris starting toda
The joint military training "Samsam 7" between Pakistan and Saudi forces has commenced in KSA. According to Inter-Services Public Relations (ISPR), the training will take place for two weeks which includes combat patrolling, landmines drilling and other e
After the Turkish president's visit to Pakistan led to Recep Tayyip Erdogan reiterating his opposition to India's steps in Kashmir, New Delhi on Saturday stated that Turkey should "develop proper understanding of the facts" and stop interfering in interna
Responding to Prime Minister Imran Khan's statement about trying Fazlur Rehman for high treason under Article 6, Jamiat Ulema-e-Islam (F) chief said that those who wish to register a case against him are most welcome to do so.
The Pakistan Tehreek-e-Insaf (PTI) government has decided to make it mandatory for civil servants to declare their assets annually under the new Civil Servants Promotion (Grade-18 to Grade-21) Rules, 2020. According to the documents, the reforms have been
Pakistan Muslim League-Nawaz (PML-N) is hoping for relief from the judiciary to allow Maryam Nawaz, the daughter of former premier Nawaz Sharif, to travel abroad to be with her ailing farther in London. Talking to Business Recorder, PML-N central secretar
In an unfortunate event, Pakistan Peoples Party (PPP) leader and Member of Sindh Assembly (MPA) Shahnaz Ansari was assassinated in Naushero Feroze over a property dispute here on Saturday. According to police, the PPP leader was taken to the People's Medi
A Pakistani court Saturday ordered the release of a Pashtun rights leader critical of the military, his lawyer said, weeks after he was arrested on sedition charges. Manzoor Pashteen, chief of the Pashtun Protection Movement (PTM), was arrested last month
The Inland Revenue officers of the Federal Board of Revenue (FBR) have been empowered to search vehicles coming from tax-exempt areas of the Azad Jammu and Kashmir (AJK), the Gilgit-Baltistan and tribal areas to check entry of exempted goods into tariff a
Large Scale Manufacturing Index (LSMI) has risen by 3.35 percent in July-December 2019-20 compared to the comparable period of the year before and by 9.66 percent in December 2019 over the preceding month, as per Pakistan Bureau of Statistics (PSB).
The Food and Agriculture Organisation (FAO) of the United Nations and the Ministry of National Food Security and Research (MNFS&R) on Saturday agreed to develop a roadmap for locust control in Pakistan. The decision to this effect was taken at a meeting b
France reported the first fatality from the new coronavirus outside Asia on Saturday fuelling global concerns about the epidemic, as the death toll from the outbreak jumped past 1,500 in China. More than 66,000 people have now been infected in China from
A team of the National Accountability Bureau (NAB) on Saturday raided business offices of the Sharif family in 55-K and 91-F at Model Town in search of evidence pertaining to cases involving money laundering and benami accounts by Sharif family.
Former Prime Minister Nawaz Sharif's mother Shamim Bibi has left for London along with her daughter and son-in-law to enquire about the well being of the PML-N supremo. Shamim Bibi had been advised not to travel because of her advanced age and illness but
US Secretary of State Mike Pompeo on Saturday traded barbs with European leaders over diminishing Western influence, rejecting as "grossly over-exaggerated" their claims that Washington had retreated from the global stage.
Karachi Electric (KE) has reportedly asked the Power Division for notification of tariff determination of 700MW imported coal-fired power plant, sources told Business Recorder. KE has written a number of letters to the federal government on differe
United Nations Sec-retary General (UNSG) Ant-onio Guterres will arrive in Islamabad today to attend International Conference on Afghan refugees. During his four day stay, the UN Secretary General will call on the President and the Prime Minister. He will
Deputy director of International Monetary Fund (IMF) Athanasios Arvanitis has said that ongoing fiscal reforms will not only put Pakistan's public debt path on a sustainable footing but also build the foundation for providing crucial funding to meet the t
Terming the current Pakistan as the one originally envisioned, Prime Minister Imran Khan has expressed optimism that this country will be the destination where people will travel to find jobs. "I myself was not aware of the country's potential until I too
A five-day session of the Financial Action Task Force (FATF) will begin today in Paris in which Pakistan's performance on the implementation of the global illicit financing watchdog's 27 action points to curb terror financing and money laundering will be