News Archives for Print - 2019-04-05 - Business Recorder

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Print - 2019-04-05

South Korea's KFA buys 600,000 tonnes of corn

South Korea's KFA buys 600,000 tonnes of corn

The Korea Feed Association (KFA) bought about 66,000 tonnes of corn in a tender which closed on Wednesday, continuing a surge in Korean animal feed corn purchases which have now reached around 600,000 tonnes in the past two weeks, European traders said. "

Published 05 Apr, 2019 12:00am

Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures fell on Wednesday on technical selling and renewed worries about exports to China amid geopolitical tensions, traders said. Beijing, embroiled in a major diplomatic dispute with Ottawa, has blocked canola imports from two major

Published 05 Apr, 2019 12:00am

China's iron ore hits record-breaking rally

China's iron ore hits record-breaking rally

Iron ore futures in China saw their best day in seven weeks on Wednesday, extending a record-breaking rally amid supply disruption concerns flagged by the world's major sellers of the steelmaking raw material as well as demand from steel mills. The most t

Published 05 Apr, 2019 12:00am

Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 165,030 tonnes of cargo comprising 106,317 tonnes of import cargo and 58,713 tonnes of export cargo including 10,454 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargos of

Published 05 Apr, 2019 12:00am

Rising demand pushes cotton prices up

Cotton

Rising demand pushes cotton prices up

Fresh buying of fine quality pushed rates higher on the cotton market on Thursday, dealers said. The official spot rate moved up by Rs 100 to Rs 8,700, they added. In the ready session, around 6000 bales of cotton changed hands between Rs 7975-8900, they

Published 05 Apr, 2019 12:00am

Euronext wheat higher to one week high

Euronext wheat higher to one week high

Spot wheat futures on Euronext rose to a one week high on Wednesday amid talk of logistical snags at France's main export hub, while new-crop prices ticked lower as the return of rain to much of Europe eased concerns about dryness. Benchmark May milling w

Published 05 Apr, 2019 12:00am

Libya strongman Haftar orders 'advance' on Tripoli

Libya strongman Haftar orders 'advance' on Tripoli

Libyan strongman Khalifa Haftar ordered his troops Thursday to "advance" on Tripoli, seat of the internationally-recognised unity government, after UN chief Antonio Guterres warned against a major flare-up. "The time has come," Haftar said in an audio mes

Published 05 Apr, 2019 12:00am

Congress ends US support for Yemen war, Trump likely to veto

Congress ends US support for Yemen war, Trump likely to veto

US lawmakers voted Thursday to end military support for the bloody Saudi-led war in Yemen, dealing a harsh bipartisan rebuke to Donald Trump and taking the historic step of curtailing a president's war-making powers. The House of Representatives voted 247

Published 05 Apr, 2019 12:00am

British MPs offered counselling for Brexit pressure

British MPs offered counselling for Brexit pressure

Battles over Brexit have worn down British MPs, who are now being offered counselling to cope with the "extraordinary pressure" they have been under. The Daily Telegraph reported that House of Commons Deputy Speaker Lindsay Hoyle had written to all MPs

Published 05 Apr, 2019 12:00am

Social media bosses face jail under 'world first' Australian laws

Social media bosses face jail under 'world first' Australian laws

Social media executives risk jail for failing to take down violent extremist content quickly, under controversial laws passed in Australia Thursday - a "world first" in the wake of the Christchurch mosques massacre. Lawmakers voted overwhelmingly in favou

Published 05 Apr, 2019 12:00am

Boeing says will take 'any and all' needed safety steps

Boeing says will take 'any and all' needed safety steps

Boeing on Thursday said it would take "any and all" necessary safety measures to ensure the airworthiness of its jets following last month's deadly crash in Ethiopia. The statement came hours after Ethiopian investigators said the pilots of a doomed Boein

Published 05 Apr, 2019 12:00am

Nato seeks new ways to counter Russia 'aggression'

Nato seeks new ways to counter Russia 'aggression'

The 29 Nato nations looked Thursday for new ways to counter what they described as rising aggression by Russia as the alliance celebrated its 70th birthday. Despite rifts between the United States with allies Germany and Turkey, foreign ministers from the

Published 05 Apr, 2019 12:00am

Registrar Secured Transactions Registry appointed

Registrar Secured Transactions Registry appointed

In the wake of the federal government's notification to establish the Secured Transactions Registry, the Securities and Exchange Commission of Pakistan (SECP) has appointed Registrar, Secured Transactions Registry. The registry has been mandated to implem

Published 05 Apr, 2019 12:00am

CPEC Business Council's inaugural meeting today

CPEC Business Council's inaugural meeting today

The Board of Investment (BoI) has constituted China Pakistan Economic Corridor (CPEC) Business Council aimed at accelerating the processing of industrialization in the country under the umbrella of CPEC. The inaugural meeting of the CPEC Business Council

Published 05 Apr, 2019 12:00am

ST, FED cases for audit: FBR lays down 12 risk-parameters for selection

ST, FED cases for audit: FBR lays down 12 risk-parameters for selection

The Federal Board of Revenue (FBR) has laid down 12 risk-parameters for selection of sales tax and federal excise duty cases for audit for tax year 2017. The FBR Audit Policy-2018 released by the FBR here on Thursday revealed that the FBR has conducted co

Published 05 Apr, 2019 12:00am

'Need for new-age partnership between banks and Fintechs', an interview with Mudassar Aqil, CEO FINCA

'Need for new-age partnership between banks and Fintechs', an interview with Mudassar Aqil, CEO FINCA

Mudassar Aqil is the CEO of FINCA Microfinance Bank Limited since 2011. FINCA is a global network of microfinance institutions across 20 countries and is considered as an innovation leader in serving low income entrepreneurs globally. FINCA is considered

Published 05 Apr, 2019 12:00am

'Need for new-age partnership between banks and Fintechs', an interview with Mudassar Aqil, CEO FINCA

'Need for new-age partnership between banks and Fintechs', an interview with Mudassar Aqil, CEO FINCA

Mudassar Aqil is the CEO of FINCA Microfinance Bank Limited since 2011. FINCA is a global network of microfinance institutions across 20 countries and is considered as an innovation leader in serving low income entrepreneurs globally. FINCA is considered

Published 05 Apr, 2019 12:00am

Women entrepreneurs: KP minister seek ADB's help for tourism sector

Women entrepreneurs: KP minister seek ADB's help for tourism sector

Khyber Pakhtunkhwa Senior Minister Atif Khan on Thursday sought financial support from Asian Development Bank (ADB) for women entrepreneurs in tourism sector to make them financially independent, which would ultimately contribute to the country's economy.

Published 05 Apr, 2019 12:00am

Pakistan, Norway express satisfaction at level of cooperation

Pakistan, Norway express satisfaction at level of cooperation

Pakistan and Norway on Thursday expressed satisfaction at the level of cooperation at international fora, including the United Nations, and agreed to continue supporting each other at international forums, Foreign Office said. According to Spokesperson Fo

Published 05 Apr, 2019 12:00am

Amendment to Foreign Exchange Regulations Act proposed

Currency

Amendment to Foreign Exchange Regulations Act proposed

The Finance Ministry has proposed to amend the Foreign Exchange Regulations Act (FERA) 1947 by introducing a bill "FER (Amendment) Act 2019 with the objective to prevent illegal foreign exchange transactions. The Ministry of Finance has proposed to amend

Published 05 Apr, 2019 12:00am

PM performs groundbreaking ceremony of Hyderabad University

PM performs groundbreaking ceremony of Hyderabad University

Prime Minister Imran Khan has stated that education and justice are top priorities of the government because education, especially science education, is very important for the development of the country. Addressing the groundbreaking ceremony of Hyderabad

Published 05 Apr, 2019 12:00am

Fake accounts scam: Hearing of reference on April 19

Fake accounts scam: Hearing of reference on April 19

The Accountability Court on Thursday fixed the first corruption reference in the fake bank accounts scam against former Administrator Karachi Metropolitan Corporation (KMC) Muhammad Hussain Syed and eight other officials for hearing on April 19. Accountab

Published 05 Apr, 2019 12:00am

Improvement in tax laws & procedures: Chinese companies, investors to submit proposals to FBR

Improvement in tax laws & procedures: Chinese companies, investors to submit proposals to FBR

Chinese companies and investors will submit proposals to the Federal Board of Revenue (FBR) for changes and improvement in tax laws and procedures through Chinese Embassy in Pakistan to facilitate Chinese investment in different projects. Sources told

Published 05 Apr, 2019 12:00am

Atlas Copco organises 'Medical Gas Solutions Day'

Atlas Copco Pakistan (Pvt) Ltd, a fully owned customer center of Atlas Copco Group, which is the world's leading innovative equipment and industrial tools manufacturers, organized first "Medical Gas Solutions Day" at a local hotel.
Published 05 Apr, 2019 12:00am

Tax experts laud FBR's idea of fixed tax

Tax experts have lauded the idea of fixed tax introduced by the Federal Board of Revenue (FBR), saying that taxpayers would like to avail it as they would get rid of the harassment as a result of raids by the field staff of FBR. The idea of fixed tax woul
Published 05 Apr, 2019 12:00am

Umar chairs meeting of NPMC, focuses on cartelisation, hoarding

The government has decided to review the laws to ensure that control mechanism proactively focuses on cartelisation, hoarding and undue profiteering after it faced widespread criticism over recent increase in prices of commodities, especially essential co
Published 05 Apr, 2019 12:00am

Health & Pharma international expo ends

The "16th Health and Pharma Asia International Exhibition 2019,"jointly organized by Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI) and E-commerce Gateway concluded here at Lahore Expo Center on Thursday on a positive note with the partici
Published 05 Apr, 2019 12:00am

Interested-based economy root cause of crisis: JI chief

Chief of Jamaat-e-Islami, Senator Sirajul Haq, has said that in the party promising to build Pakistan on the model of the Madina state was moving in the opposite direction. He was addressing the Pakistani community in Madina.
Published 05 Apr, 2019 12:00am

IMC to sponsor 'Pakistan Auto Parts Show'

Indus Motor Company Limited, (IMC), the manufacturer and distributor of Toyota vehicles will sponsor "Pakistan Auto Parts Show" (PAPS 2019) to promote local engineering companies which are the backbone of local auto industry.
Published 05 Apr, 2019 12:00am

Speakers stress market-driven skill education

The speakers at international seminar on Enabling Employment have stressed the need for improved liaison between the industry and academia, revision of skill education curriculum with special focus on job placement and creation of a platform to assist the
Published 05 Apr, 2019 12:00am

CISCO road show begins at UET Peshawar

University of Engineering and Technology (UET) Peshawar and CISCO have started the refresher training of CISCO trained instructors from Khyber Pakhtunkhwa under the umbrella of "CISCO Road Show 2019", here on Thursday.
Published 05 Apr, 2019 12:00am

KPEZDMC: SCCI seeks tax exemption on industrial plots

Sarhad Chamber of Commerce and Industry (SCCI), sought the property tax-exemption on plots, meant for construction of industrial estates under the Khyber Pakhtunkhwa Economic Zone Development and Management Company (KPEZDMC).
Published 05 Apr, 2019 12:00am

450 cases of dengue fever registered in twin cities: NA body told

Minister of State for Interior Shehryar Khan Afridi Thursday told the National Assembly Standing Committee on Government Assurances that a total of 450 cases of dengue fever have been registered so far in the current season in twin cities of Islamabad and
Published 05 Apr, 2019 12:00am

KU awards 51 PhD, 24 MPhil degrees at BASR moot

University of Karachi's Board of Advanced Studies and Research (BASR) on Thursday awarded 51 Ph.D. and 24 M.Phil. degrees in various disciplines. These degrees were awarded in a recently held meeting of the BASR held under the chairmanship of KU's vice ch
Published 05 Apr, 2019 12:00am

PN seizes narcotics worth Rs 2.5 billion near Ormara

Pakistan Navy conducted an intelligence based operation in Gorhad near Ormara in coordination with Anti Narcotics Force (ANF) and seized 1000 kg of Hashish worth approximately Rs2.5 billion. The Hashish was loaded on boats for onward smuggling through sea
Published 05 Apr, 2019 12:00am

Hearing of SSGC's plea fixed for next week

Supreme Court (SC) on Thursday fixed the hearing of Sui Southern Gas Company Limited (SSGCL) plea against the verdict of Sindh High Court (SHC) for regularization of its 179 contractual employees for next week. At Karachi Registry, a two member bench of S
Published 05 Apr, 2019 12:00am

Maulana Amir Shahab succumbs to injuries

The vice administrator, Darul Uloom Korangi, Maulana Amir Shahab who sustained critical wounds in an armed attack two weeks back, succumbed to wounds, here on Thursday.
Published 05 Apr, 2019 12:00am

Bid to smuggle Iranian diesel foiled

Model Customs Collectorate (MCC), Preventive on Thursday foiled an attempt to smuggle huge quantity of Iranian diesel to Karachi. According to details, credible information was received that some unscrupulous elements were planning to transport smuggled I
Published 05 Apr, 2019 12:00am

'My Karachi International Exhibition' begins today

Three-day International Trade Exhibition titled "My Karachi-Oasis of Harmony" hosted by Karachi Chamber of Commerce and Industry will be inaugurated on Friday at Karachi Expo Center. Sindh Governor Imran Ismail is scheduled to inaugurate this internationa
Published 05 Apr, 2019 12:00am

Murtaza terms foundation stone of Hyderabad University in Islamabad a 'mockery'

Adviser to Sindh Chief Minister on Information & Archives, Law, and Anti-Corruption Barrister Murtaza Wahab in a statement on Thursday while criticizing Prime Minister Imran Khan said that to lay a foundation of a university for Hyderabad in Islamabad was
Published 05 Apr, 2019 12:00am

'PTI government trying to form elite group inside Parliament'

"Pakistan Tehreek-e-Insaf (PTI) government is trying to constitute an elite group inside the Parliament which consists of some ministers and advisors." Senator Raza Rabbani said this during the meeting of Senate Standing Committee on Law and Justice.
Published 05 Apr, 2019 12:00am

Shahbaz Sharif's name removed from ECL

Following the directives of Lahore High Court (IHC), the Ministry of Interior has removed the name of opposition leader in the National Assembly and President Pakistan Muslim League-Nawaz (PML-N) Shahbaz Sharif from the Exit Control List (ECL).
Published 05 Apr, 2019 12:00am

Khalilzad due in Islamabad today

The US Special Representative for Afghanistan Reconciliation Ambassador Zalmay Khalilzad will arrive here today (Friday) after a delay of one day, sources said. Diplomatic sources said that due to his engagements in Kabul, the top US envoy could not come
Published 05 Apr, 2019 12:00am

PTI govt committed to create jobs for youths: Zartaj

Minister of State for Climate Change Zartaj Gul has said that present government is committed to provide best employment opportunities for youth. She made these remarks while addressing the Annual Career Fair, held at Air University. Being the chief guest
Published 05 Apr, 2019 12:00am

Sponsors' undertaking: SC rejects appeal

The Supreme Court in a majority decision (2:1) dismissed an appeal of Abdul Ghaffar Adamjee and others and held that the Sponsors' Undertaking is clearly a contract of indemnity and the sponsor directors are liable for any amount that is not recoverable f
Published 05 Apr, 2019 12:00am

Ease of doing business reforms: Dawood chairs high-level review meeting

Advisor to Prime Minister on Commerce, Textile, Industries & Production and Investment, Abdul Razak Dawood chaired a high-level review meeting on the ease of doing business reforms agenda in the Board of Investment (BoI) Islamabad on Thursday. Chairman Bo
Published 05 Apr, 2019 12:00am

Minister vows to improve gas infrastructure

Gas infrastructure in the country would be improved with an objective to improve efficiency standards. Federal Minister for Petroleum Ghulam Sarwar Khan said this on Thursday while chairing a meeting that reviewed the current status of gas infrastructure
Published 05 Apr, 2019 12:00am

'Karachi's street children'

This is apropos "Karachi's street children" op-ed carried by Business Recorder yesterday. The writer, Shabir Ahmed, he eloquently described the plight of street children in a city of teeming of millions. According to him, "No one really knows how m
Published 05 Apr, 2019 12:00am

Speed money

Speed money is exactly what it means - it speeds things along. In my management career, spanning 50 years, the most valuable lesson I learnt was from Agha Hasan Abedi. He once told me "Find out what the man wants - cash, women, a Hajj ticket, medical trea
Published 05 Apr, 2019 12:00am

Nobel for noble Ms Ardern

On a quiet Friday March 15, 2019 afternoon, 28-year-old Australian Brenton Tarrant, armed with automatic weapons, opened indiscriminate fire at close quarters on men, women and children inside the Al Noor Mosque in Christchurch, New Zealand. Fifteen minut
Published 05 Apr, 2019 12:00am

Currency
The 'POL bomb'

Rising need of petroleum and its heavy taxation leaves the common man stripped of his earnings, and renders the lives of the poor more miserable than before, but despite all these, brings in super duper profits to the petroleum companies and revenues in t
Published 05 Apr, 2019 12:00am

'Naya Pakistan' still remains elusive

How long the teething troubles last, in medical context the accurate answer should come from former medical practitioner or dentist and now President of Pakistan, Dr Arif Alvi. But in political parlance, it is the first 100 days of an elected government -
Updated 05 Apr, 2019 07:23am

Increase in prices of POL products

In a move likely to be heavily criticised all over the country, the government has increased the prices of domestic oil products by up to 6.45 percent with effect from 1st April, 2019. Petrol and diesel prices were increased by Rs 6 per litre each while t
Updated 05 Apr, 2019 06:24am

Larkana-Multan package: Projects illegally awarded to two scam-accused: minister

Federal Minister for Communications Murad Saeed Thursday revealed that Larkana-Multan package projects, worth Rs 40 billion, were illegally awarded to two persons who were among the accused of fake bank accounts scam.
Published 05 Apr, 2019 12:00am

Larkana-Multan package: Projects illegally awarded to two scam-accused: minister

Federal Minister for Communications Murad Saeed Thursday revealed that Larkana-Multan package projects, worth Rs 40 billion, were illegally awarded to two persons who were among the accused of fake bank accounts scam.
Published 05 Apr, 2019 12:00am

Railways Golf Club: SC asks NAB to furnish reference

The Supreme Court on Thursday ordered National Accountability Bureau (NAB) to furnish the reference, which was filed in an accountability court against officers and officials involved in the illegal award of lease for Railway Golf Club Lahore. The prosecu
Published 05 Apr, 2019 12:00am

Railways Golf Club: SC asks NAB to furnish reference

The Supreme Court on Thursday ordered National Accountability Bureau (NAB) to furnish the reference, which was filed in an accountability court against officers and officials involved in the illegal award of lease for Railway Golf Club Lahore. The prosecu
Published 05 Apr, 2019 12:00am

Rahul Gandhi files election candidacy from India's south in bid to stop Modi

Indian opposition leader Rahul Gandhi filed his papers on Thursday to run for parliament from a southern constituency, aiming to strengthen his Congress party's prospects in a region where the ruling Hindu nationalists have a limited presence. Although su
Published 05 Apr, 2019 12:00am

Rahul Gandhi files election candidacy from India's south in bid to stop Modi

Indian opposition leader Rahul Gandhi filed his papers on Thursday to run for parliament from a southern constituency, aiming to strengthen his Congress party's prospects in a region where the ruling Hindu nationalists have a limited presence. Although su
Published 05 Apr, 2019 12:00am

Resolution for 'reinstating: Dar as finance minister submitted

A resolution calling for reinstatement of Pakistan Muslim League-Nawaz (PML-N) Ishaq Dar as the minister of finance "on contract" has been submitted in the Punjab Assembly on Thursday. Reportedly, the resolution was tabled by PML-N Member of Provincial As
Published 05 Apr, 2019 12:00am

Resolution for 'reinstating: Dar as finance minister submitted

A resolution calling for reinstatement of Pakistan Muslim League-Nawaz (PML-N) Ishaq Dar as the minister of finance "on contract" has been submitted in the Punjab Assembly on Thursday. Reportedly, the resolution was tabled by PML-N Member of Provincial As
Published 05 Apr, 2019 12:00am

Saudi Arabia grants Iraq loans as consulate opens

Saudi Arabia''s trade minister announced a one-billion-dollar aid package for Iraq during a visit to Baghdad on Thursday, pledging stronger bilateral ties as the kingdom competes with rival Iran for influence over Iraq. Majed al-Qasabi also inaugurated a
Published 05 Apr, 2019 12:00am

Saudi Arabia grants Iraq loans as consulate opens

Saudi Arabia's trade minister announced a one-billion-dollar aid package for Iraq during a visit to Baghdad on Thursday, pledging stronger bilateral ties as the kingdom competes with rival Iran for influence over Iraq. Majed al-Qasabi also inaugurated a n
Published 05 Apr, 2019 12:00am

Saudi Arabia grants Iraq loans as consulate opens

Saudi Arabia's trade minister announced a one-billion-dollar aid package for Iraq during a visit to Baghdad on Thursday, pledging stronger bilateral ties as the kingdom competes with rival Iran for influence over Iraq. Majed al-Qasabi also inaugurated a n
Published 05 Apr, 2019 12:00am

Action to be taken against car assemblers charging premium

The federal cabinet has decided to take strict measures against local car assemblers for allegedly charging premium (on money) from customers over and above the invoiced price, official sources told Business Recorder. The decision was taken by the
Published 05 Apr, 2019 12:00am

Action to be taken against car assemblers charging premium

The federal cabinet has decided to take strict measures against local car assemblers for allegedly charging premium (on money) from customers over and above the invoiced price, official sources told Business Recorder. The decision was taken by the
Published 05 Apr, 2019 12:00am

SSGC clarification

This is apropos a news item ''KE receivables soar to Rs.158.8 bn'' carried by Business Recorder yesterday. "For putting the facts in order for public reading we find it appropriate to share the actual outstanding amounts KE owes to SSGC, ''a Public
Published 05 Apr, 2019 12:00am

SSGC clarification

This is apropos a news item 'KE receivables soar to Rs.158.8 bn' carried by Business Recorder yesterday. "For putting the facts in order for public reading we find it appropriate to share the actual outstanding amounts KE owes to SSGC, 'a Public Se
Published 05 Apr, 2019 12:00am

SSGC clarification

This is apropos a news item 'KE receivables soar to Rs.158.8 bn' carried by Business Recorder yesterday. "For putting the facts in order for public reading we find it appropriate to share the actual outstanding amounts KE owes to SSGC, 'a Public Se
Published 05 Apr, 2019 12:00am

UAE confers highest civil honour on Modi

The United Arab Emirates (UAE) on Thursday conferred its highest civilian honour, the Zayed Medal (Order of Zayed), upon Indian Prime Minister Narendra Modi. Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed Al Nahyan announced on Twitter that UAE President
Published 05 Apr, 2019 12:00am

Forex reserves up $2.4 billion in March

With arrival of inflows from China and UAE, Pakistan''s total liquid foreign reserves mounted up by $2.4 billion during March 2019. The country''s foreign exchange reserves are gradually increasing and crossed $17 billion mark end of the last month due to
Published 05 Apr, 2019 12:00am

Forex reserves up $2.4 billion in March

With arrival of inflows from China and UAE, Pakistan's total liquid foreign reserves mounted up by $2.4 billion during March 2019. The country's foreign exchange reserves are gradually increasing and crossed $17 billion mark end of the last month due to r
Published 05 Apr, 2019 12:00am

Forex reserves up $2.4 billion in March

With arrival of inflows from China and UAE, Pakistan's total liquid foreign reserves mounted up by $2.4 billion during March 2019. The country's foreign exchange reserves are gradually increasing and crossed $17 billion mark end of the last month due to r
Published 05 Apr, 2019 12:00am

Currency
Exchange companies urged to help keep rate stable

Continued volatility in currency market has forced the State Bank of Pakistan (SBP) to interact with exchange companies to keep the exchange rate stable. The SBP called an urgent meeting of Exchange Companies on Thursday to discuss exchange rate volatilit
Published 05 Apr, 2019 12:00am

Currency
Exchange companies urged to help keep rate stable

Continued volatility in currency market has forced the State Bank of Pakistan (SBP) to interact with exchange companies to keep the exchange rate stable. The SBP called an urgent meeting of Exchange Companies on Thursday to discuss exchange rate volatilit
Published 05 Apr, 2019 12:00am

Currency
Exchange companies urged to help keep rate stable

Continued volatility in currency market has forced the State Bank of Pakistan (SBP) to interact with exchange companies to keep the exchange rate stable. The SBP called an urgent meeting of Exchange Companies on Thursday to discuss exchange rate volatilit
Published 05 Apr, 2019 12:00am

Currency
Dar described as 'economic hit man'

Terming former Finance Minister Ishaq Dar an 'economic hit man,' Minister of State for Revenue Hammad Azhar said that the government would not introduce fresh tax amnesty for declaration of foreign and domestic assets through promulgation of an ordinance.
Published 05 Apr, 2019 12:00am

Currency
Dar described as 'economic hit man'

Terming former Finance Minister Ishaq Dar an 'economic hit man,' Minister of State for Revenue Hammad Azhar said that the government would not introduce fresh tax amnesty for declaration of foreign and domestic assets through promulgation of an ordinance.
Published 05 Apr, 2019 12:00am

PM links country''s economic future to robust exports

Prime Minister Imran Khan has said that economic future of the country is linked with enhancement of exports, as exports so far have remained far below the actual potential. He said that in the past the revenue-centric economic policies with overemphasis
Published 05 Apr, 2019 12:00am

PM links country's economic future to robust exports

Prime Minister Imran Khan has said that economic future of the country is linked with enhancement of exports, as exports so far have remained far below the actual potential. He said that in the past the revenue-centric economic policies with overemphasis
Published 05 Apr, 2019 12:00am

PM links country's economic future to robust exports

Prime Minister Imran Khan has said that economic future of the country is linked with enhancement of exports, as exports so far have remained far below the actual potential. He said that in the past the revenue-centric economic policies with overemphasis
Published 05 Apr, 2019 12:00am

BRIndex100 decreases

Pakistan Stock Exchange remained under pressure and closed on negative note on the fourth consecutive day of this week due to selling in various sectors. BRIndex100 lost 56.97 points or 1.42 percent to close at 3,942.10 points on Thursday. During the sess
Published 05 Apr, 2019 12:00am

BRIndex100 decreases

Pakistan Stock Exchange remained under pressure and closed on negative note on the fourth consecutive day of this week due to selling in various sectors. BRIndex100 lost 56.97 points or 1.42 percent to close at 3,942.10 points on Thursday. During the sess
Published 05 Apr, 2019 12:00am

BRIndex100 decreases

Pakistan Stock Exchange remained under pressure and closed on negative note on the fourth consecutive day of this week due to selling in various sectors. BRIndex100 lost 56.97 points or 1.42 percent to close at 3,942.10 points on Thursday. During the sess
Published 05 Apr, 2019 12:00am

Nepra approves power tariff hike by Re 0.81/unit

National Electric Power Regulatory Authority (Nepra) on Thursday approved an increase of Re 0.81 per electricity unit for power Distribution Companies (Discos) for February 2019 under monthly fuel price adjustment mechanism. The provisional decision was t
Published 05 Apr, 2019 12:00am

Nepra approves power tariff hike by Re 0.81/unit

National Electric Power Regulatory Authority (Nepra) on Thursday approved an increase of Re 0.81 per electricity unit for power Distribution Companies (Discos) for February 2019 under monthly fuel price adjustment mechanism. The provisional decision was t
Published 05 Apr, 2019 12:00am

Nepra approves power tariff hike by Re 0.81/unit

National Electric Power Regulatory Authority (Nepra) on Thursday approved an increase of Re 0.81 per electricity unit for power Distribution Companies (Discos) for February 2019 under monthly fuel price adjustment mechanism. The provisional decision was t
Published 05 Apr, 2019 12:00am

CII declares handcuffing of accused by NAB officials against Shariah laws

The Council of Islamic Ideology (CII) has declared handcuffing of accused persons by National Accountability Bureau (NAB) officials as a move against Islam and Shariah laws. Speaking at a press conference here on Thursday, Chairman CII Qibla Ayaz expresse
Published 05 Apr, 2019 12:00am

CII declares handcuffing of accused by NAB officials against Shariah laws

The Council of Islamic Ideology (CII) has declared handcuffing of accused persons by National Accountability Bureau (NAB) officials as a move against Islam and Shariah laws. Speaking at a press conference here on Thursday, Chairman CII Qibla Ayaz expresse
Published 05 Apr, 2019 12:00am

If Musharraf fails to appear: special court asked to proceed with trial

The top court has asked the Special Court to proceed with the high treason trial on the next date of hearing (May 2) if General Pervez Musharraf (retd) fails to appear. The apex court order authored by Justice Mansoor Ali Shah, said: "In case the accused
Published 05 Apr, 2019 12:00am

If Musharraf fails to appear: special court asked to proceed with trial

The top court has asked the Special Court to proceed with the high treason trial on the next date of hearing (May 2) if General Pervez Musharraf (retd) fails to appear. The apex court order authored by Justice Mansoor Ali Shah, said: "In case the accused
Published 05 Apr, 2019 12:00am

Fighting graft boosts tax revenues: IMF

Curbing corruption could generate about $1 trillion in tax revenues annually across the world, according to research from the International Monetary Fund. In addition to increasing government revenue, fighting corruption can also reduce waste and even hel
Published 05 Apr, 2019 12:00am

Fighting graft boosts tax revenues: IMF

Curbing corruption could generate about $1 trillion in tax revenues annually across the world, according to research from the International Monetary Fund. In addition to increasing government revenue, fighting corruption can also reduce waste and even hel
Published 05 Apr, 2019 12:00am

Fighting graft boosts tax revenues: IMF

Curbing corruption could generate about $1 trillion in tax revenues annually across the world, according to research from the International Monetary Fund. In addition to increasing government revenue, fighting corruption can also reduce waste and even hel
Published 05 Apr, 2019 12:00am

Broadening tax base: Nadra data to be employed to carry out '360-degree' analysis

Minister of State for Revenue Muhammad Hammad Azhar Thursday said the actionable data of National Database & Registration Authority (Nadra) would be used to carry out a '360-degree' analysis of the non-filers for bringing them into the tax net. He was add
Published 05 Apr, 2019 12:00am

Broadening tax base: Nadra data to be employed to carry out '360-degree' analysis

Minister of State for Revenue Muhammad Hammad Azhar Thursday said the actionable data of National Database & Registration Authority (Nadra) would be used to carry out a '360-degree' analysis of the non-filers for bringing them into the tax net. He was add
Published 05 Apr, 2019 12:00am

Disqualification plea: IHC issues notice to Zardari

The Islamabad High Court (IHC) on Thursday issued a notice to Pakistan People's Party (PPP) Co-Chairman Asif Ali Zardari in a disqualification plea filed against him by Pakistan Tehreek-e-Insaf (PTI) MPA Khurram Sher Zaman Khan and Special Assistant to Pr
Published 05 Apr, 2019 12:00am

Disqualification plea: IHC issues notice to Zardari

The Islamabad High Court (IHC) on Thursday issued a notice to Pakistan People's Party (PPP) Co-Chairman Asif Ali Zardari in a disqualification plea filed against him by Pakistan Tehreek-e-Insaf (PTI) MPA Khurram Sher Zaman Khan and Special Assistant to Pr
Published 05 Apr, 2019 12:00am

Fawad reacts to Bilawal's warning

Federal Minister for information Fawad Chaudhry on Thursday strongly reacted to Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zaradri's warning to march onto Islamabad to oust the government, saying 'it will prove to be the last nail in the coffin
Published 05 Apr, 2019 12:00am

Fawad reacts to Bilawal's warning

Federal Minister for information Fawad Chaudhry on Thursday strongly reacted to Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zaradri's warning to march onto Islamabad to oust the government, saying 'it will prove to be the last nail in the coffin
Published 05 Apr, 2019 12:00am

Previous Day

Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / Apr 26

278.58

USD PKR Interbank Buying / Apr 26

278.28

USD to Japanese Yen / Apr 26

158.33

USD to Swiss Franc / Apr 26

0.91

Pound Sterling to USD / Apr 26

1.25

Euro to USD / Apr 26

1.07

Stock Volume

S&P 500 / Apr 26

5099.96

India Sensex / Apr 26

73730.16

Tokyo Nikkei / Apr 26

37934.76

Nasdaq / Apr 26

15927.90

Hang Seng / Apr 26

17651.15

FTSE 100 / Apr 26

8139.83

Dow Jones / Apr 26

38239.66

Germany DAX 30 / Apr 26

18161.01

Item Value

Crude Oil USD/Barrel / Apr 26

83.85

Karachi Cotton PKR/37.32 KG / Apr 26

20535

Gold 10 Grams PKR / Apr 26

210048

Gold Spot USD/Ounce / Apr 26

2337.96

Cotton US¢/pound / Apr 26

80.90

Petrol/Litre / Apr 28

293.94

Gainers
Losers
Leaders

Stock Price

786 Invest Ltd / Apr 28

786 Investments Limited(786)

5

▼ 0.00 (0.00%)

AL-Abbas Sugar / Apr 28

Al-Abbas Sugar Mills Limited(AABS)

585

▼ 0.00 (0.00%)

Agro Allianz / Apr 28

Agro Allianz Limited(AAL)

16

▼ 0.00 (0.00%)

AL-Abid Silk / Apr 28

Al-Abid Silk Mills Limited(AASM)

3.49

▼ 0.00 (0.00%)

Ali Asghar / Apr 28

Ali Asghar Textile Mills Limited(AATM)

2.07

▼ 0.00 (0.00%)

Allied Bank / Apr 28

Allied Bank Limited(ABL)

87.10

▼ 0.00 (0.00%)

Abbott Lab. / Apr 28

Abbott Laboratories (Pakistan) Limited(ABOT)

499.34

▼ 0.00 (0.00%)

Abson Ind. / Apr 28

Abson Industries Limited(ABSON)

2.50

▼ 0.00 (0.00%)

Alfalah ETF. / Apr 28

Alfalah Consumer Index ETF.(ACIETF)

9.84

▼ 0.00 (0.00%)

Stock Price

786 Invest Ltd / Apr 28

786 Investments Limited(786)

5

▲ 0.00 (0.00%)

AL-Abbas Sugar / Apr 28

Al-Abbas Sugar Mills Limited(AABS)

585

▲ 0.00 (0.00%)

Agro Allianz / Apr 28

Agro Allianz Limited(AAL)

16

▲ 0.00 (0.00%)

AL-Abid Silk / Apr 28

Al-Abid Silk Mills Limited(AASM)

3.49

▲ 0.00 (0.00%)

Ali Asghar / Apr 28

Ali Asghar Textile Mills Limited(AATM)

2.07

▲ 0.00 (0.00%)

Allied Bank / Apr 28

Allied Bank Limited(ABL)

87.10

▲ 0.00 (0.00%)

Abbott Lab. / Apr 28

Abbott Laboratories (Pakistan) Limited(ABOT)

499.34

▲ 0.00 (0.00%)

Abson Ind. / Apr 28

Abson Industries Limited(ABSON)

2.50

▲ 0.00 (0.00%)

Alfalah ETF. / Apr 28

Alfalah Consumer Index ETF.(ACIETF)

9.84

▲ 0.00 (0.00%)

Stock Volume

P.I.A.C.(A) / Apr 28

Pakistan International Airlines Corp(PIAA)

47,200,500

▲ 0.00

Cnergyico PK / Apr 28

Cnergyico PK Limited(CNERGY)

29,719,327

▲ 0.00

Pak Petroleum / Apr 28

Pakistan Petroleum Limited(PPL)

21,170,581

▲ 0.00

Pak Refinery / Apr 28

Pakistan Refinery Limited(PRL)

16,965,134

▲ 0.00

The Searle Co. / Apr 28

The Searle Company Limited(SEARL)

15,793,227

▲ 0.00

P.T.C.L. / Apr 28

Pakistan Telecommunication Company Ltd(PTC)

15,054,641

▲ 0.00

K-Electric Ltd. / Apr 28

K-Electric Limited(KEL)

14,145,556

▲ 0.00

WorldCall Telecom / Apr 28

Worldcall Telecom Limited(WTL)

13,158,668

▲ 0.00

Telecard Limited / Apr 28

Telecard Limited(TELE)

12,358,668

▲ 0.00

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FBR notifies transfers of 12 key officers to Admin Pool

Major shuffle in FBR ahead of budget preparation exercise

Gold price per tola jumps Rs2,500 in Pakistan

3.2 magnitude earthquake hits parts of Karachi

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Net metering power: Govt mulling bringing buyback rates down to Rs11/unit from Rs21

NJLI Sarmaya Growth Fund Rates

No intention to impose fixed tax on solar, Power Division clarifies

Prices of petrol, diesel likely to be slashed

Gold price per tola jumps Rs2,500 in Pakistan

Operations: KAPCO reluctant to opt for CTBCM

Pakistan misses wheat production target

Airline revenues: IATA urges Pakistan to allow repatriation of $399mn

Annual rental value property: Sindh govt given three months to legislate on levy of tax

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