News Archives for Print - 2019-04-30

Print - 2019-04-30

Message from GM After Sales, Indus Motor Company

Toyota, as a global automotive leader, puts the safety of its customers at the top of its priorities. The import of counterfeit automotive parts is a direct threat to road safety. Our joint pursuit of interdicting import of fake automotive parts with Cust

Published 30 Apr, 2019 12:00am

Message from Managing Director, Samsung Pakistan

Samsung is a global leader in the production of LED TVs, mobile phones and other electronic items. We are also at the forefront of fight against counterfeits. Our objectives include consumer safety and protection. Pakistan Customs' cooperation with Samsun

Published 30 Apr, 2019 12:00am

Message from CEO GlaxoSmithkline

GlaxoSmithkline is a world leader in producing premium health-care products and medicines. Our well-known brands are household names, which cannot be permitted to be compromised through counterfeiting. GlaxoSmithkline and Customs IPR Enforcement have succ

Published 30 Apr, 2019 12:00am

Message from CEO, Reckitt-Benckiser Pakistan

RB Pakistan and Customs IPR Enforcement have consistently worked together over the last two years in eliminating imports of counterfeit insecticides in Pakistan. This partnership has resulted into the provision of genuine insecticides to millions of house

Published 30 Apr, 2019 12:00am

Message from CEO, Unilever Pakistan

Unilever has partnered with Pakistan Customs in curbing imports of counterfeit toiletries and face creams containing substandard and hazardous ingredients. The import of such counterfeits compromise the integrity of reputed brand names, besides cheating p

Published 30 Apr, 2019 12:00am

Message from Director General Customs IPR Enforcement

The Directorate General of Customs IPR (Enforcement) protects genuine trademarks, copyrights, designs and patents in imports and exports. It functions as a single-stop for international and national right-holders to seek remedies against the infringement

Published 30 Apr, 2019 12:00am

Message from Member Customs (Operations) FBR

The role of Pakistan Customs is multi-faceted, ranging from border trade revenues to import and export controls. All these functions are rooted in the term 'trade facilitation', which is synonymous with ease of doing business. Trade facilitation is for tr

Published 30 Apr, 2019 12:00am

Message from Chairman FBR/Secretary, Revenue Division

FBR is committed to dynamic economic growth in Pakistan. This vision would materialize with the expansion of the national manufacturing base and rise in exports. The Directorate General of Customs IPR Enforcement is a part of this trade expansion paradigm

Published 30 Apr, 2019 12:00am

LIST OF WINNING COMPANIES

WINNERS ON OVER ALL EVALUATION

Published 30 Apr, 2019 12:00am

Good weather puts Russia, Ukraine on track for large grain crop

Favourable weather during spring grain sowing in Black Sea producers Russia and Ukraine is increasing the chances of another large grain harvest due to healthy levels of soil moisture, analysts and traders said. Russia, a major global wheat exporter to No

Published 30 Apr, 2019 12:00am

CBOT corn futures higher

Chicago Board of Trade corn futures closed higher on Friday on worries about wet weather in the US Midwest delaying planting and fund-driven short-covering, traders said. CBOT July corn settled up 4 cents at $3.61-1/4 per bushel.

Published 30 Apr, 2019 12:00am

CBOT soyabean futures lower on ample global supplies

Chicago Board of Trade soyabean futures closed lower on Friday on ample US supplies, prospects for big South American harvests and worries about demand from China given ongoing trade negotiations and the spread of a deadly hog disease.

Published 30 Apr, 2019 12:00am

CBOT wheat futures higher on short-covering

Chicago Board of Trade wheat futures ending higher on Friday on short-covering and spillover strength from corn, while K.C. and Minneapolis Grain Exchange futures closed lower. Market anchored by ample domestic and global supplies of old-crop wheat, coupl

Published 30 Apr, 2019 12:00am

Asia's naphtha crack falls

Asia's naphtha crack fell for a third day to end the week at $54.85 a tonne, its lowest since Monday, but spot premiums were slightly higher as buyers emerged for June fuel. South Korea's YNCC bought a cargo for arrival at Yeosu in the first half of June

Published 30 Apr, 2019 12:00am

Vietnam's rice export prices rise for first time in six weeks

Rice export prices in Vietnam rose for the first time in six weeks as domestic buying picked up and fears of water scarcity in the country's rice bowl grew, while weaker local currencies weighed on rates in other top Asian exporting hubs. In Vietnam, rate

Published 30 Apr, 2019 12:00am

Gold demand sparkles in India ahead of festival

Physical gold demand was healthy this week in India in the run up to a key festival and with the wedding season underway, while other top Asian hubs saw steady interest in bullion as global prices recovered from a 2019 low touched earlier this week.

Published 30 Apr, 2019 12:00am

Cotton

Steady trend on cotton market

Steady trend was again witnessed on the cotton market on Monday in process of trading activity, dealers said. The official spot rate was unchanged at Rs 9000 they added. In the ready session, over 5000 bales of cotton changed hands between Rs 8850-9200, t

Published 30 Apr, 2019 12:00am

Cotton

PMEX daily trading report

On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,815. The traded value of Metals, Energy and COTS/FX was recorded at PKR 7.802 billion and the number of lots traded 15,602. Major business was contributed by NSDQ100 amoun

Published 30 Apr, 2019 12:00am

Brazil's winter corn crop seen at 68.43 million tonnes

Brazil's 2018/19 second-corn crop, also known as winter corn, is expected to reach a record this season, as favorable weather over all main producing regions boost agricultural yields, a Reuters poll showed on Friday.

Published 30 Apr, 2019 12:00am

Canadian canola futures dip

ICE Canadian canola futures dipped on Friday, pressured by lackluster export and crusher demand and a build-up of commercial supplies. Cool weather in Western Canada delayed planting modestly and may have led farmers to sell some old-crop supplies, a trad

Published 30 Apr, 2019 12:00am

China's iron ore futures fall for fourth day

China's iron ore futures gave up early gains and fell for a fourth session in a row, despite firm demand at steel mills who are ramping up output to cash in fat profits. Weekly utilisation rates at mills across the nation continued to rise this week as of

Published 30 Apr, 2019 12:00am

Vietnam's April coffee exports seen falling

Vietnam's coffee exports are forecast to fall to around two million 60-kg bags in April from 2.87 million bags last month, traders said on Thursday, as farmers are not keen to sell at low prices. "A long holiday from this weekend will also put a break on

Published 30 Apr, 2019 12:00am

Ivory Coast cocoa arrivals seen at 1.841 million tonnes

Cocoa arrivals at ports in top grower Ivory Coast reached 1.841 million tonnes between Oct. 1 and April 28, exporters estimated on Monday, up about 14 percent from 1.610 million tonnes during the same period last season. Ivory Coast's 2018/19 October-to-M

Published 30 Apr, 2019 12:00am

European gasoline margins fall but hold eight-month high

Northwest European gasoline refining margins declined slightly on Monday but held near an eight-month high as exports from the region continued. Gasoline exports from the region rose in recent days thanks to an open arbitrage to the US East Coast, traders

Published 30 Apr, 2019 12:00am

Brazilian sugar output falls to 52 percent

Sugar production in Brazil's center-south region fell 52 percent in the first two weeks of the new season compared with the same period in the previous crop, as rains disrupted processing and mills delayed operations, industry group Unica said on Thursday

Published 30 Apr, 2019 12:00am

Activities at Karachi and Qasim Ports

The Karachi Port handled 178,337 tonnes of cargo comprising 112,688 tonnes of import cargo and 65,649 tonnes of export cargo including 5,340 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday. The total import cargos of 11

Published 30 Apr, 2019 12:00am

Indonesia's March palm oil output, exports seen higher

Indonesia's palm oil output in March likely rose from a month earlier, while inventories were seen lower on the back of a pickup in exports and domestic consumption, according to a Reuters survey. Palm oil output in top producer Indonesia was seen rising

Published 30 Apr, 2019 12:00am

Russian wheat prices fall ahead of new crop

Russian wheat export prices fell further last week with brighter prospects for the upcoming 2019 crop and low trade activity ahead of Russia's long May holiday, analysts said on Monday. Favourable weather during spring grain sowing in Black Sea producers

Published 30 Apr, 2019 12:00am

Profit-taking hits UAE markets, Saudi index rises

Abu Dhabi's stock market slid on Monday, affected by profit-taking and a sell-off in its financial shares, while Saudi Arabia was the only major Gulf market to rise. The Abu Dhabi index lost 0.9 percent in its fourth straight day of declines, with energy

Published 30 Apr, 2019 12:00am

Hong Kong stocks climb

Hong Kong stocks ended higher on Monday, tracking gains in other Asian markets, after strong US first-quarter economic growth and data showing profits at Chinese industrial firms grew for the first time in four months. The Hang Seng index rose 1.0 percent

Published 30 Apr, 2019 12:00am

Australian shares down; New Zealand up

Australian shares ended lower on Monday after losses in financial stocks pulled the benchmark down from a more than 11-year high as investors remained cautious ahead of bank earnings. The S&P/ASX 200 index closed down 0.4 percent, or 26.10 points, at 6,35

Published 30 Apr, 2019 12:00am

Monday's early afternoon trade: Wall Street climbs as tame inflation data supports dovish Fed

US stocks rose on Monday, with the S&P 500 and the Nasdaq hitting record highs, as consumer spending rose in March and benign inflation data underscored the Federal Reserve's accommodative stance on interest rates. Hopes of a trade resolution, upbeat earn

Published 30 Apr, 2019 12:00am

Most Southeast Asian stocks up on strong US and China data

Most Southeast Asian stock markets rose on Monday, in line with broader Asia, as investors cheered upbeat economic data from the United States and China, with Singapore closing at a near 11-month high after DBS Group posted a record quarterly profit.

Published 30 Apr, 2019 12:00am

China's blue-chip stocks move higher

China's blue-chip stocks on Monday retreated from steep losses in the previous week, as foreign investors looked for bargains after upbeat industrial profit data showed signs of recovery in the world's second-largest economy. The blue-chip CSI300 index ro

Published 30 Apr, 2019 12:00am

European shares up as Spanish stocks recover poise

European shares closed marginally higher on Monday led by gains for Banco Santander, as investors chose to focus on the positives of a weekend win for Prime Minister Pedro Sanchez's ruling socialists in Spain's third election in four years.

Published 30 Apr, 2019 12:00am

Spanish bond yields dip

Spanish government bond yields dipped on Monday after the weekend's general election in which the Socialists emerged as the strongest party, a result seen by many in the market as pro-European. Spanish Prime Minister Pedro Sanchez portrayed the result as

Published 30 Apr, 2019 12:00am

Spanish bond yields dip

Published 30 Apr, 2019 12:00am

Japanese markets closed

Stocks, financial and commodity markets in Japan were closed from Saturday, April 27 to Monday, May 6 for the Golden Week holidays.

Published 30 Apr, 2019 12:00am

Travel stocks, banks boost London's main index

British stocks broke a three-day losing streak on Monday as strong economic data from the United States and China boosted investor confidence, while travel companies benefited from rising demand for holidays beyond the European Union.

Published 30 Apr, 2019 12:00am

UK military cricket team tour concludes

The Royal Military Academy Sandhurst (RMAS) cricket team has concluded a two-week tour of Pakistan. During their visit they played several matches around the country, including in Islamabad, Lahore and Abbotabad.

Published 30 Apr, 2019 12:00am

Abdul FC win Leisure Leagues Intra-City Championship

Abdul Football Club emerged triumphant from a 72-team Leisure Leagues Karachi Intra-City Six-a-Side Championship here at KMC Stadium on Sunday night and qualified for the Leisure Leagues National Championship to be played in July.

Published 30 Apr, 2019 12:00am

Bismah confident as Pakistan women cricket team leaves for SA

Pakistan women's team captain Bismah Maroof has expressed confidence in her side that will play South Africa in three ICC Women's Championship ODIs, which will be followed by five T20Is. The series will be played from May 6-23.

Published 30 Apr, 2019 12:00am

Currency

As Turkish lira skids, Yapi Kredi raises commercial loan rates

Turkish bank Yapi Kredi hiked rates on commercial loans on Monday by about 4 percentage points, the clearest sign yet that higher costs from a tumbling lira are reversing months of pressure from a government regulator to keep a lid on borrowing costs. Yap

Published 30 Apr, 2019 12:00am

Dollar dozes in Asia

The dollar dozed in a snug band on Monday as Japan kicked off a week of holidays, giving investors an extra excuse to idle ahead of a Federal Reserve policy meeting and a raft of global data including on US core inflation and payrolls. Movements were mini

Published 30 Apr, 2019 12:00am

Currency

Early trade in New York: Dollar index hovers at 23-month peak

The dollar was marginally higher against a basket of currencies on Monday, hovering near a 23-month high, as traders await more data to convince them whether to add to their bullish positions in the greenback.

Published 30 Apr, 2019 12:00am

Currency

Dollar rally stalls in Europe

A rally in the dollar faltered on Monday with strong US data doing little to lift the currency or convince investors that a slowdown in activity is over. The greenback traded in a narrow range as Japan kicked off a week of holidays, typically a period of

Published 30 Apr, 2019 12:00am

Russian rouble flat

The Russian rouble was flat against the dollar on Monday before public holidays, while stocks rose along with their global peers after the S&P 500 index reached a record high in the United States. At 0730 GMT, the rouble was unchanged against the dollar a

Published 30 Apr, 2019 12:00am

Currency

Asian forex: South Korean, Thai currencies surge

The South Korean won and Thai baht strengthened on Monday as firmer-than-expected US economic growth figures supported risk sentiment, though market holidays and the US Federal Reserve meeting this week are keeping investors cautious. Data on Friday showe

Published 30 Apr, 2019 12:00am

Currency

South African rand up

South Africa's rand firmed against a steady dollar on Monday, as investors looked ahead to key offshore events including a report from the US central bank, while stocks fell. At 1608 GMT the rand traded at 14.3100 to the dollar, 0.56 percent higher than i

Published 30 Apr, 2019 12:00am

Currency

Latam FX weak; Argentine peso up

Most Latin American currencies softened on Monday against a firm dollar, while Argentina's peso soared after the central bank came out in defense of the troubled currency. The bank said it would ease limits on its currency market interventions, as it aims

Published 30 Apr, 2019 12:00am

Currency

Sterling rises against dollar

Sterling rose to a three-day high against the dollar on Monday but was little changed against other major currencies before a central bank policy meeting this week. Markets do not expect the Bank of England to raise interest rates until early 2020. "The g

Published 30 Apr, 2019 12:00am

Currency

Sri Lanka rupee extends falls

The Sri Lankan rupee closed weaker for the fourth consecutive session on Monday, as worries about more attacks after the Easter Sunday bombings weighed on investor sentiment, while stocks extended gains into the fourth day after hitting a more than six-ye

Published 30 Apr, 2019 12:00am

Budget (2019-20): FBR, NTC seek elimination of Fifth Schedule of Customs Act

The Federal Board of Revenue (FBR) and the National Tariff Commission (NTC) have proposed to eliminate Fifth Schedule (conditional exemption of customs duty) of the Customs Act 1990 and gradual withdrawal of regulatory duties and additional customs duty o

Published 30 Apr, 2019 12:00am

Currency

Cherat Cement Company Limited

Cherat Cement (PSX: CHCC) has been in the business of cement manufacturing since the 1980s like many of its current peers. It has remained one of the smaller cement firms until very recently when new expansion brought its capacity at par with some of the

Updated 30 Apr, 2019 12:13pm

Mutual Funds

Cherat Cement Company Limited

Published 30 Apr, 2019 12:00am

LCCI chief terms FTA phase-II with China as economic revolution

Terming signing of the IInd phase of Free Trade Agreement (FTA) with China as beginning of "economic revolution" in Pakistan, Lahore Chamber of Commerce & Industry (LCCI) President Almas Hyder foresee a jump of US 6 billion dollars in exports from Pakista

Published 30 Apr, 2019 12:00am

Quarter ended Mar 31, 2019: Meezan Bank's PAT soars to Rs 2.851 billion

The Board of Directors of Meezan Bank Limited in its meeting approved the condensed interim unconsolidated financial statements of the Bank and its consolidated financial statements for the quarter ended March 31, 2019. The meeting was presided by Riyadh

Published 30 Apr, 2019 12:00am

Quarter ended Mar 31, 2019: Meezan Bank's PAT soars to Rs 2.851 billion

Published 30 Apr, 2019 12:00am

Further rise in mercury forecasted

The met office has a forecast further rise in mercury during the next two days, advising the citizens to cover their heads under the sun. Weather of the Lahore city remained hot and dry on Monday and the citizens were found in great trouble due to hot wea

Published 30 Apr, 2019 12:00am

Mayor, KMCOWA to execute joint schemes to facilitate public

Karachi Mayor Wasim Akhtar and KMC Officers Welfare Association (OWA) have agreed to carry out the projects proposed by the latter to establish 100 public bathrooms, 100 gyms, 500 bus stop shelters and repairing and maintenance of 100 old buildings and pl

Published 30 Apr, 2019 12:00am

WHO, UAF to work jointly on vector-borne diseases

The World Health Organization (WHO) and the University of Agriculture Faisalabad (UAF) agreed upon to carry out joint work on vector-borne diseases. The WHO team called on University of Agriculture Faisalabad Vice Chancellor Dr Muhammad Ashraf and discuss

Published 30 Apr, 2019 12:00am

Two-day 'Fintech Hackathon' conference begins

In order to promote the new Star-ups, two-day Momentum Tech Conference "Fintech Hackathon" will be held on 30th April and 1st May, organised by Momentum in collaboration with Copay. The aim of the Hackathon is to provide a platform to the developer commun

Published 30 Apr, 2019 12:00am

Foton, MMCL sign MoU

Foton International Trade Co Ltd, Beijing signed an MoU to inject investment in the form of a Joint Venture (JV) with their local partner Master Motor Corporation (Pvt) Limited (MMCL) who has been manufacturing, selling and providing after sales of Foton

Published 30 Apr, 2019 12:00am

CM to unfold package for labourers on May 1

The Punjab government has decided to introduce a comprehensive package for the welfare of labourers which would be announced by Chief Minister Sardar Usman Buzdar in a function on Labour Day. In this regard, a ceremony would be held at Warburton, Nankana

Published 30 Apr, 2019 12:00am

Punjab Assembly passes resolution to condemn blasphemous remarks

The Punjab Assembly on Monday unanimously passed a resolution presented by Hafiz Ammar Yasir to condemn blasphemous remarks on social media. The House also condemned the use of blasphemous language purportedly found in the syllabus of O level. Punjab Asse

Published 30 Apr, 2019 12:00am

FBR offices to remain open tomorrow

Federal Board of Revenue (FBR) has issued instructions to all Large Taxpayer Units (LTUs), Corporate Regional Tax Offices (CRTOs) and Regional Tax Offices (RTOs) of FBR to open their offices on 30th April, 2019 and extend working hours till 08:00 pm on Tu

Published 30 Apr, 2019 12:00am

Pakistan required to improve revenue Mobilization

Weaker growth in Pakistan is pulling down the regional aggregate growth rate this year, with large macroeconomic imbalances and ongoing policy adjustment challenges expected to slow the country's growth from 5.2 percent in 2018 to 2.9 percent in 2019. Thi

Published 30 Apr, 2019 12:00am

10 percent increase in pension: employees retired prior March 1, 1997 entitled to get ad hoc relief: SC

The apex court setting aside the Federal Service Tribunal, Islamabad, judgement held that ad hoc relief of 10% increase granted in pension in 1997 is only admissible to employees who stood retired prior to 01.3.1997. A two-judge bench, comprising Justice

Published 30 Apr, 2019 12:00am

MoF clarifies

The Ministry of Finance, in response to various news reports to this effect, clarifies that the federal government has neither reduced nor delayed the transfer of funds to any of the provinces. All the provinces have been receiving their share in the fede

Published 30 Apr, 2019 12:00am

Former LHC judge's petition disposed of

The Supreme Court on Monday disposed of former judge of Lahore High Court (LHC) Farrukh Irfan's petition to declare proceedings of Supreme Judicial Council (SJC) unconstitutional, nullity in law and non est since he has resigned.

Published 30 Apr, 2019 12:00am

NAB chairman presents annual report to President

President Dr Arif Alvi has said that the National Accountability Bureau (NAB) has a pivotal role towards the elimination of corruption from the country. The President said this while talking to Chairman NAB, former Justice Javed Iqbal, who called on him h

Published 30 Apr, 2019 12:00am

'Mainstreaming' of madrasas: Fazl irked by DG ISPR's remarks

Muttahida Majlis-e-Amal (MMA) President Maulana Fazlur Rehman on Monday said that the military spokesman has spoken on the matters which are not the security establishment's domain. Rehman, who is also the chief of Jamiat Ulema-e-Islam (JUI-F), stated tha

Published 30 Apr, 2019 12:00am

PTA warns mobile phone operators against increasing tariff

Pakistan Telecommunication Authority will take stern action if any mobile phone company raises tariff without following laid down mechanism, said the PTA chairman. The Senate Standing Committee on Information Technology and Telecommunication Monday observ

Published 30 Apr, 2019 12:00am

12 killed, five injured in accident

At least 12 people died while five others sustained injuries when a van rammed into Islamabad Toll Plaza. According to details, a passenger van coming from Sargodha to Islamabad, carrying 17 passengers, hit toll plaza due to over speeding. The van immedia

Published 30 Apr, 2019 12:00am

Partly Facetious : 'A watched pot never boils'

"A watched pot never boils."

Published 30 Apr, 2019 12:00am

No plan to lay off any SLIC employee, NA told

Parliamentary Secretary for Commerce Shandana Gulzar on Monday informed the National Assembly that the government is not planning to fire any employee of the State Life Insurance Corporation (SLIC). She said this while responding to a calling attention no

Published 30 Apr, 2019 12:00am

US CG opens innovative agro-based technical facility

The US Consul General, JoAnne Wagner has inaugurated the Electronic Beam (E-Beam) irradiation facility established through support from the United States Agency for International Development (USAID) funded U.S.-Pakistan Partnerships for AMD program. Accor

Published 30 Apr, 2019 12:00am

Allocation of constituencies sought for MPAs on reserved seats

A woman legislator belonging to Pakistan Muslim League Nawaz (PML-N) sought allocation of constituencies for the MPAs on reserved seats to avoid hurdles they face in launching different development works. The demand was made by Hina Pervez Butt through "P

Published 30 Apr, 2019 12:00am

PTI government failed to run country: Shahbaz

Slamming the PTI-led government, Pakistan Muslim League-Nawaz (PML-N) leader and opposition leader in the Punjab Assembly Hamza Shahbaz Sharif said on Monday the Pakistan Tehreek-e-Insaf (PTI) government has failed in running the country and addressing is

Published 30 Apr, 2019 12:00am

Green tea import reduced due to 100 percent L/C margin: PTA

Pakistan Tea Association (PTA) chairman on Monday asked the federal government to reduce 100 percent cash margin on imports of green commodity. "The importers running business on small scale cannot afford to import green tea due to 100 percent Letter of C

Published 30 Apr, 2019 12:00am

Profiteering before Ramazan increased miseries of people: PIBF

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said that slated profiteering across the country before the advent of the holy month of Ramazan has added to the miseries of the masses. He said that claim of zero load

Published 30 Apr, 2019 12:00am

Demand to seal Darul Sehat Hospital unlawful: Dr Naveed

Darul Sehat Hospital, the only tertiary healthcare facility for 1.7 million people of Gulistan-e-Jauhar, is registered with all relevant authorities and associations as required by law. Dr Naveed Rashid, principal, College of Dentistry, Liaquat College of

Published 30 Apr, 2019 12:00am

Sindh Assembly informed: work starts on 4500 MW Thar coal power project

A fresh project of $100 million is all set to start in Thar, as work has been started on the next coal block to produce 4500 megawatts of electricity, Provincial Energy Minister, Imtiaz Shaikh told the Sindh Assembly on Monday.

Published 30 Apr, 2019 12:00am

Test run of Orange Line Train

A test run of Orange Line Train took place on Monday as the concerned authorities plied the train in between Dera Gujran and Ali Town.

Published 30 Apr, 2019 12:00am

'Increase in minimum marriageable age to 18 years against Islamic principles'

Leader of Jamiat-e-Ulema-e-Islam-Fazl (JUI-F) Senator Maulana Abdul Ghafoor Haideri has said that increase in minimum marriageable age to 18 years is against the Islamic principles. While taking to media persons outside the Parliament House here on Monday

Published 30 Apr, 2019 12:00am

FPCCI hails FTA Phase-II with China

President Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Engr Daroo Khan Achakzai was optimistic that the Chinese investment particularly in the specialized economic zones (SEZs) would expand Pakistan's industrial base and assist divers

Published 30 Apr, 2019 12:00am

IMF terms, NAP, price hike: PML-N urges PM to take Parliament into confidence

Pakistan Muslim League-Nawaz (PML-N) has urged Prime Minister Imran Khan to take the Parliament into confidence on conditionalities of International Monitory Fund (IMF), implementation on National Action Plan (NAP) and rising prices of medicines, gas and

Published 30 Apr, 2019 12:00am

Federation, provinces making progress towards single GST

The federation and provinces are making progress towards a landmark measure to facilitate taxpayers for introducing a single and unified sales tax return for both goods and services. On the conclusion of a meeting of National Assembly Standing Committee o

Published 30 Apr, 2019 12:00am

Senate passes 'The Banking Companies (Amendment) Bill, 2018'

The Senate has passed 'The Banking Companies (Amendment) Bill, 2018,' which is aimed at deleting section 27B that places fetters on the functioning of trade unions in banking organisations. According to statement of objects and reasons, the section 27B vi

Published 30 Apr, 2019 12:00am

Public holiday on May 1

The Sindh Government Monday announced May 1, as public holiday throughout Sindh on the occasion of Labor Day. The holiday is declared for all government offices, autonomous, semi-autonomous bodies, corporation and local councils under the administrative c

Published 30 Apr, 2019 12:00am

FY19 Budget: Rs 20 million earmarked to pick up cost of remittances

The government allocated Rs 20 million in the budget for 2018-19 to pick up the transaction cost of remittances with the objective of facilitating overseas Pakistanis to remit money through formal channels under Pakistan Remittance Imitative (PRI).

Published 30 Apr, 2019 12:00am

NAB to file reference against MQM-P leader, others

National Accountability Bureau (NAB) Monday has decided to file a reference against senior leader of Muttahida Qaumi Movement-Pakistan (MQM-P) and former Sindh minister for industries and commerce Muhammad Abdur Rauf Siddiqui and others for their alleged

Published 30 Apr, 2019 12:00am

Government needs to review its fiscal policy: Bilawal

Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari Monday said that the government needs to review its fiscal policy, adding Pakistan Tehreek-e-Insaf government (PTI) needs to learn from the PPP government as how it had provided relief to the ma

Published 30 Apr, 2019 12:00am

Bank holiday

The State Bank of Pakistan and all banks will remain closed on May 1, 2019 (Wednesday) on the occasion of 'Labour Day' as declared by the Government of Pakistan.

Published 30 Apr, 2019 12:00am

Arbab, Asma Alamgir appear before AC

Former federal minister and Pakistan People's Party (PPP) Central leader, Arbab Alamgir Khan and his wife Asma Alagmir on Monday appeared before the accountability court in corruption case. According to details, a Peshawar accountability court adjourned a

Published 30 Apr, 2019 12:00am

Zardari's plea on Park Lanes pact: SHC issues notices to respondents

Sindh High Court (SHC) on Monday issued notices to respondents including Park Lane Estate, Parthenon and others in a suit filed by former President Asif Ali Zardari, in which he disassociated himself from the Park Lanes and pleaded the agreement between t

Published 30 Apr, 2019 12:00am

Interior Minister optimistic: 'security issues, economic challenges to improve soon'

Interior Minister Brigadier Ijaz Ahmed Shah (retd) has said the country is facing many challenges including security issues and economic challenges, but he is optimistic that the situation would improve soon. Shah said this while talking to media persons

Published 30 Apr, 2019 12:00am

Senate passes 'The Child Marriage Restraint (Amendment) Bill, 2018'

The Senate on Monday passed 'The Child Marriage Restraint (Amendment) Bill, 2018,' seeking amendment in the Child Marriage Restraint Act of 1929, defining child as a person who is under 18 years of age and criminalising the underage weddings.

Published 30 Apr, 2019 12:00am

Man shot dead, one injured in Lyari

A man was shot dead while another injured by unknown men in firing incident in Lyari, in the jurisdiction of Kalakot police station. The victims were identified as Muhammad Siddiq, son of Muhammad Ghani and Muhammad Ayaz, son of Abdul Sattar. Meanwhile, S

Published 30 Apr, 2019 12:00am

Ramazan: Cabinet to consider closure of industries' one shift today

The federal government has considered the option to close one shift of industrial sector during Ramazan aimed at ensuring power supply at the time of Sahar, Iftar and Taraweigh, well-informed sources told Business Recorder.

Published 30 Apr, 2019 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 8	277.83
USD PKR Interbank Buying / Nov 8	277.63
USD to Japanese Yen / Nov 8	152.64
USD to Swiss Franc / Nov 8	0.88
Pound Sterling to USD / Nov 8	1.29
Euro to USD / Nov 8	1.07

Stock	Volume
S&P 500 / Nov 8	5,995.54
India Sensex / Nov 8	79,486.32
Tokyo Nikkei / Nov 8	39,500.37
Nasdaq / Nov 8	19,286.78
Hang Seng / Nov 8	20,728.19
FTSE 100 / Nov 8	8,072.39
Dow Jones / Nov 8	43,988.99
Germany DAX 30 / Nov 8	19,215.48

Item	Value
Crude Oil USD/Barrel / Nov 8	70.38
Karachi Cotton PKR/37.32 KG / Nov 8	18,285
Gold 10 Grams PKR / Nov 8	244,002.80
Gold Spot USD/Ounce / Nov 8	2,684.77
Cotton US¢/pound / Nov 8	70.98
Petrol/Litre / Nov 11	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 11 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 11 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Nov 11 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 11 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 11 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Nov 11 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 11 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Nov 11 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 11 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 11 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 11 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Nov 11 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 11 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 11 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Nov 11 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 11 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Nov 11 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 11 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Nov 11 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Nov 11 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Nov 11 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Nov 11 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Nov 11 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Nov 11 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Nov 11 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Nov 11 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Nov 11 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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