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Print - 2019-04-16
Swimming pool for public at KMC sports complex

Swimming pool for public at KMC sports complex

Karachi Mayor Wasim Akhtar has said that swimming pool facility at KMC Sports Complex at Kashmir Road has now been made available to public for current season. "Citizens can avail this old facility now being restored by KMC for all of them," he said, afte
Published 16 Apr, 2019 12:00am
12 fishermen missing as windstorm hits boats

12 fishermen missing as windstorm hits boats

About 12 fishermen are reportedly missing in the wake of windstorm, which started on Sunday and capsized at least two vessels, according to the locals. Several fishing boats are also feared missing with their crewmembers mid-sea amid the storm. The gusty
Published 16 Apr, 2019 12:00am
Shura Hamdard: Revival, development of cottage industry stressed

Shura Hamdard: Revival, development of cottage industry stressed

Majority of the speakers at a meeting of Shura Hamdard Karachi chapter were of the view that revival and development of small and cottage industries was crucial for the economic progress of the country as entire industrial progress of western countries, R
Published 16 Apr, 2019 12:00am
SBP to ensure OTC tax payment through surprise inspection

SBP to ensure OTC tax payment through surprise inspection

The State Bank of Pakistan (SBP) has decided to conduct surprise inspection of bank branches to ensure payment of taxes and duties particularly mobile levy through Over-the-Counter (OTC). As per the SBP directives banks are required to enable their OTC ch
Published 16 Apr, 2019 12:00am
Student financial aid office system goes online at SU

Student financial aid office system goes online at SU

SU strides into one more significant advancement as it accrues online system for its student financial aid office. The VC SU Prof Dr Fateh Muhammad Burfat inaugurated the web portal at Senate Hall of his secretariat amid presence of varsity top-brass. Dr
Published 16 Apr, 2019 12:00am
Bank Alfalah Islamic, GIL sign MoU

Bank Alfalah Islamic, GIL sign MoU

Bank Alfalah Islamic, Pakistan's rapidly growing Islamic Bank, has recently signed a Memorandum of Understanding with Ghandhara Industries Limited (GIL). GIL is a public limited company quoted on the Stock Exchanges and registered under the Companies Act,
Published 16 Apr, 2019 12:00am
Over Rs 30 billion recovered by NAB Karachi so far

Over Rs 30 billion recovered by NAB Karachi so far

National Accountability Bureau (NAB) Karachi has recovered over Rs 30 billion (including recoveries in shape of recovery of state land) since its inception. This was disclosed at NAB HQ Executive Board Meeting (EBM), which was chaired by the Chairman NAB
Published 16 Apr, 2019 12:00am
Kartarpur Corridor: Technical experts to meet today at Zero Point

Kartarpur Corridor: Technical experts to meet today at Zero Point

The technical experts of Pakistan and India on Kartarpur Corridor will meet today (Tuesday) at Zero Point on international border to discuss various technical aspects of the corridor including the customs and immigration formalities.
Published 16 Apr, 2019 12:00am
SHC seeks Centre, Sindh views on entitlements, benefits & SEOBI

SHC seeks Centre, Sindh views on entitlements, benefits & SEOBI

Sindh High Court (SHC) on Monday issued notices to federal and Sindh governments in the petition that seeks payment of old-age entitlements and benefits and establishment of Sindh Employees Old Age Benefits Institution (SEOBI), respectively.
Published 16 Apr, 2019 12:00am
KMC establishes desk to address complaints

KMC establishes desk to address complaints

Metropolitan Commissioner of KMC Dr Syed Saif-ur-Rehman said a desk has been setup in the I T Department of KMC for transfer of citizen's complaints.
Published 16 Apr, 2019 12:00am
Four of family among six Pakistani burnt to death in Abu Dhabi

Four of family among six Pakistani burnt to death in Abu Dhabi

A fire broke out in the home of a Pakistani family residing in Al Ain on April 12 in which six Pakistanis, including four members of a family burnt to death. Also, one Pakistani, namely, Mohammad Raheem, age 50, has sustained minor injuries.
Published 16 Apr, 2019 12:00am
ECP appoints DROs, ROs in merged tribal districts

ECP appoints DROs, ROs in merged tribal districts

The Election Commission of Pakistan on Monday appointed district returning officers (DROs) and returning officers (ROs) to supervise election on 16 seats of Khyber Pakhtunkhwa Assembly in the merged tribal districts of the province.
Published 16 Apr, 2019 12:00am
Rs 470.2 billion released for various projects under PSDP

Rs 470.2 billion released for various projects under PSDP

The Pakistan Tehreek-e-Insaf (PTI) government has released Rs 470.2 billion (70 percent) including Rs 174.6 billion foreign aid for different development projects under the Public Sector Development Programme (PSDP) 2018-19 against the total budgeted allo
Published 16 Apr, 2019 12:00am
CM launches interest-free loans for merged tribal districts

CM launches interest-free loans for merged tribal districts

The Khyber Pakhtunkhwa Chief Minister Mahmood Khan on Monday launched an interest free loan scheme 'Insaf Rozgar Scheme', meant to eliminate unemployment among terrorism and poverty stricken people of newly merged tribal districts and erstwhile frontier r
Published 16 Apr, 2019 12:00am
Provision of speedy, inexpensive justice

Provision of speedy, inexpensive justice

The Chief Justice of Pakistan Justice Saeed Khosa has deeply regretted our legislators lack of cooperation insofar as provision of speedy and inexpensive justice to people is concerned. How unfortunate it is that our elected representatives are showing re
Published 16 Apr, 2019 12:00am
How can we help promote culture of saving?
Mutual Funds

How can we help promote culture of saving?

In the rigmarole of our daily lives, we usually forget the importance of savings and investing for the future. We are busy paying the due installments against our car, house, annual kitty, and bills, amongst other expenses. At the same time, we have to sa
Published 16 Apr, 2019 12:00am
Improving the price indices

Improving the price indices

There has been an upsurge in the rate of inflation to almost a double-digit rate and some controversy over the measurement in the case of gas and electricity prices, in the presence of progressive tariffs. This has motivated the Ministry of Planning, the
Published 16 Apr, 2019 12:00am
Bomb blasts in Balochistan

Bomb blasts in Balochistan

There is no let-up in terrorist violence in Balochistan. On Friday, at least 20 people were killed and 60 wounded - 10 of them critically - in a suicide bombing in Hazarganji, Quetta's fruit and vegetable market. A few hours later in Chaman, a motorcycle
Updated 16 Apr, 2019 06:21am
Rise in remittances

Rise in remittances

It is a matter of satisfaction that remittances sent by overseas Pakistanis have continued to grow at a brisk pace during FY19. According to the latest data released by the SBP, the country received dollar 16.096 billion in remittances during nine months
Updated 16 Apr, 2019 06:21am
'Disputed land': SRD asked to submit fresh survey report

'Disputed land': SRD asked to submit fresh survey report

A parliamentary panel on Monday directed the Sindh Revenue Department (SRD) to submit within two weeks a fresh survey report regarding demarcation of land in Karachi, whose ownership has been claimed by Civil Aviation Authority (CAA).
Published 16 Apr, 2019 12:00am
'Disputed land': SRD asked to submit fresh survey report

'Disputed land': SRD asked to submit fresh survey report

A parliamentary panel on Monday directed the Sindh Revenue Department (SRD) to submit within two weeks a fresh survey report regarding demarcation of land in Karachi, whose ownership has been claimed by Civil Aviation Authority (CAA).
Published 16 Apr, 2019 12:00am
Fawad rejects reports about major reshuffle in cabinet

Fawad rejects reports about major reshuffle in cabinet

Rejecting reports about major reshuffle in the federal cabinet, Federal Minister for Information Fawad Chaudhry has said that changing the portfolios of ministers comes under Prime Minister Imran Khan's discretionary powers.
Published 16 Apr, 2019 12:00am
Fawad rejects reports about major reshuffle in cabinet

Fawad rejects reports about major reshuffle in cabinet

Rejecting reports about major reshuffle in the federal cabinet, Federal Minister for Information Fawad Chaudhry has said that changing the portfolios of ministers comes under Prime Minister Imran Khan's discretionary powers.
Published 16 Apr, 2019 12:00am
IB seeks review of Faizabad sit-in judgement

IB seeks review of Faizabad sit-in judgement

The Supreme Court observations in the Faizabad Dharna (sit-in) case judgement are based on vague facts about the performance of premier civilian intelligence agency; therefore, the agency has sought a review of it.
Published 16 Apr, 2019 12:00am
IB seeks review of Faizabad sit-in judgement

IB seeks review of Faizabad sit-in judgement

The Supreme Court observations in the Faizabad Dharna (sit-in) case judgement are based on vague facts about the performance of premier civilian intelligence agency; therefore, the agency has sought a review of it.
Published 16 Apr, 2019 12:00am
SHC stops private schools from charging summer vacation fees

SHC stops private schools from charging summer vacation fees

Sindh High Court (SHC) on Monday restrained private schools from receiving the fees of summer vacations in advance and ruled to initiate contempt of court proceedings, if the court's orders are not implemented.
Published 16 Apr, 2019 12:00am
SHC stops private schools from charging summer vacation fees

SHC stops private schools from charging summer vacation fees

Sindh High Court (SHC) on Monday restrained private schools from receiving the fees of summer vacations in advance and ruled to initiate contempt of court proceedings, if the court's orders are not implemented.
Published 16 Apr, 2019 12:00am
OICCI annoyed by non-functioning of IPO board

OICCI annoyed by non-functioning of IPO board

The Overseas Investors Chambers of Commerce and Industry (OICCI) has expressed annoyance over the Chairman Intellectual Property Organisation (IPO) for keeping the policy board dysfunctional since 2016.
Published 16 Apr, 2019 12:00am
OICCI annoyed by non-functioning of IPO board

OICCI annoyed by non-functioning of IPO board

The Overseas Investors Chambers of Commerce and Industry (OICCI) has expressed annoyance over the Chairman Intellectual Property Organisation (IPO) for keeping the policy board dysfunctional since 2016.
Published 16 Apr, 2019 12:00am
OICCI annoyed by non-functioning of IPO board

OICCI annoyed by non-functioning of IPO board

The Overseas Investors Chambers of Commerce and Industry (OICCI) has expressed annoyance over the Chairman Intellectual Property Organisation (IPO) for keeping the policy board dysfunctional since 2016.
Published 16 Apr, 2019 12:00am
New York Times, Wall Street Journal win Pulitzers for Trump probes

New York Times, Wall Street Journal win Pulitzers for Trump probes

The New York Times and The Wall Street Journal were awarded Pulitzer Prizes on Monday for their separate investigations of President Donald Trump and his family. The Times won the prestigious journalism award for a probe of the Trump family's finances tha
Published 16 Apr, 2019 12:00am
Hazara community ends sit-in after government assurance

Hazara community ends sit-in after government assurance

Tahir Hazara announced to end sit-in that Shia Hazara community was staging on Western Bypass in Quetta to protest against Hazarganji suicidal blast since Friday. Aaj News reported late on Monday night that Tahir Hazara made this announcement when Balochi
Published 16 Apr, 2019 12:00am
Dubai Expo 2020 to give $33 billion boost to UAE economy: study

Dubai Expo 2020 to give $33 billion boost to UAE economy: study

Dubai's Expo 2020 global trade fair is expected to give the United Arab Emirates an economic boost of over $33 billion, consultants Ernst and Young said in a study released Monday. Next year's mega-event would add 1.5 percent to UAE's gross domestic produ
Published 16 Apr, 2019 12:00am
Syria imposes new fuel rations as sanctions bite

Syria imposes new fuel rations as sanctions bite

Damascus on Monday imposed new limits on subsidised petrol for cars and motorbikes in regime-held areas of Syria, in the latest bid to curb a fuel crisis it blames on Western sanctions. Owners of private cars would now be allowed just 20 litres (about 7.5
Published 16 Apr, 2019 12:00am
India's Jet extends cancellations after lenders fail to release funds

India's Jet extends cancellations after lenders fail to release funds

India's stricken Jet Airways appeared to be edging closer to collapse Monday after lenders failed to take a decision on whether to release crucial funds to keep the debt-laden carrier flying. Thousands of passengers have been stranded in recent days after
Published 16 Apr, 2019 12:00am
BRIndex100 edges up

BRIndex100 edges up

Pakistan Stock Exchange Monday ended on a positive note on the back of select buying in various sectors. BRIndex100 gained 24.3 points or 0.62 percent to close at 3,945.47 points. BRIndex100 touched intraday high of 3,971.41 and intraday low of 3,915.71 p
Published 16 Apr, 2019 12:00am
BRIndex100 edges up

BRIndex100 edges up

Pakistan Stock Exchange Monday ended on a positive note on the back of select buying in various sectors. BRIndex100 gained 24.3 points or 0.62 percent to close at 3,945.47 points. BRIndex100 touched intraday high of 3,971.41 and intraday low of 3,915.71 p
Published 16 Apr, 2019 12:00am
The Weather

The Weather

The weather report on Monday (April 15, 2019) and the forecast for Tuesday (April 16, 2019).

Published 16 Apr, 2019 12:00am
BRIndex100 edges up

BRIndex100 edges up

Pakistan Stock Exchange Monday ended on a positive note on the back of select buying in various sectors. BRIndex100 gained 24.3 points or 0.62 percent to close at 3,945.47 points. BRIndex100 touched intraday high of 3,971.41 and intraday low of 3,915.71 p
Published 16 Apr, 2019 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (April 15, 2019).

Published 16 Apr, 2019 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (April 15, 2019).

Published 16 Apr, 2019 12:00am
Car assemblers asked to give written testimonies about 'premium money'

Car assemblers asked to give written testimonies about 'premium money'

Ministry of Industries and Production on Monday sought written "testimonies" from local car assemblers, with the assurance that they will take strict action against their dealers involved in 'on money' (premium money), well informed sources told Busine
Published 16 Apr, 2019 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 16 Apr, 2019 12:00am
Car assemblers asked to give written testimonies about 'premium money'

Car assemblers asked to give written testimonies about 'premium money'

Ministry of Industries and Production on Monday sought written "testimonies" from local car assemblers, with the assurance that they will take strict action against their dealers involved in 'on money' (premium money), well informed sources told Busine
Published 16 Apr, 2019 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 16 Apr, 2019 12:00am
Mayawati, UP CM Yogi banned from campaigning

Mayawati, UP CM Yogi banned from campaigning

India's election watchdog on Monday banned two outspoken politicians from campaigning in the country's national vote for making provocative speeches which it said could stir communal unrest. The measures came after the Supreme Court called on the election
Published 16 Apr, 2019 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (April 15, 2019).

Published 16 Apr, 2019 12:00am
Mayawati, UP CM Yogi banned from campaigning

Mayawati, UP CM Yogi banned from campaigning

India's election watchdog on Monday banned two outspoken politicians from campaigning in the country's national vote for making provocative speeches which it said could stir communal unrest. The measures came after the Supreme Court called on the election
Published 16 Apr, 2019 12:00am
IMF deal hopes nudge Pakistan bonds towards year-long highs

IMF deal hopes nudge Pakistan bonds towards year-long highs

Pakistan''''s dollar-denominated government bonds climbed towards their highest level in over a year on Monday as the country appeared to be closing in on a new International Monetary Fund (IMF) support programme. Bonds were up as much as 0.5 cents after
Published 16 Apr, 2019 12:00am
IMF deal hopes nudge Pakistan bonds towards year-long highs

IMF deal hopes nudge Pakistan bonds towards year-long highs

Pakistan''s dollar-denominated government bonds climbed towards their highest level in over a year on Monday as the country appeared to be closing in on a new International Monetary Fund (IMF) support programme. Bonds were up as much as 0.5 cents after Pa
Published 16 Apr, 2019 12:00am
IMF deal hopes nudge Pakistan bonds towards year-long highs

IMF deal hopes nudge Pakistan bonds towards year-long highs

Pakistan's dollar-denominated government bonds climbed towards their highest level in over a year on Monday as the country appeared to be closing in on a new International Monetary Fund (IMF) support programme. Bonds were up as much as 0.5 cents after Pak
Published 16 Apr, 2019 12:00am
IMF deal hopes nudge Pakistan bonds towards year-long highs

IMF deal hopes nudge Pakistan bonds towards year-long highs

Pakistan's dollar-denominated government bonds climbed towards their highest level in over a year on Monday as the country appeared to be closing in on a new International Monetary Fund (IMF) support programme. Bonds were up as much as 0.5 cents after Pak
Published 16 Apr, 2019 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (April 15, 2019)

Published 16 Apr, 2019 12:00am
Mission to arrive anytime soon

Mission to arrive anytime soon

An International Monetary Fund (IMF) mission would visit Pakistan to discuss IMF-supported programme before the end of April. The Office of the Resident Representative of IMF Monday issued the following press statement in this regard.
Published 16 Apr, 2019 12:00am
Mission to arrive anytime soon

Mission to arrive anytime soon

An International Monetary Fund (IMF) mission would visit Pakistan to discuss IMF-supported programme before the end of April. The Office of the Resident Representative of IMF Monday issued the following press statement in this regard.
Published 16 Apr, 2019 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (April 15, 2019).

Published 16 Apr, 2019 12:00am
Mission to arrive anytime soon

Mission to arrive anytime soon

An International Monetary Fund (IMF) mission would visit Pakistan to discuss IMF-supported programme before the end of April. The Office of the Resident Representative of IMF Monday issued the following press statement in this regard.
Published 16 Apr, 2019 12:00am
Policy-level agreement reached: minister

Policy-level agreement reached: minister

Policy-level agreement has been reached with the International Monetary Fund (IMF) but details of the package estimated at between $ 6 to 8 billion, would be finalized when the mission visits Pakistan during the last week of April. This was stated by Asad
Published 16 Apr, 2019 12:00am
Policy-level agreement reached: minister

Policy-level agreement reached: minister

Policy-level agreement has been reached with the International Monetary Fund (IMF) but details of the package estimated at between $ 6 to 8 billion, would be finalized when the mission visits Pakistan during the last week of April. This was stated by Asad
Published 16 Apr, 2019 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (April 15, 2019).

Published 16 Apr, 2019 12:00am
Policy-level agreement reached: minister

Policy-level agreement reached: minister

Policy-level agreement has been reached with the International Monetary Fund (IMF) but details of the package estimated at between $ 6 to 8 billion, would be finalized when the mission visits Pakistan during the last week of April. This was stated by Asad
Published 16 Apr, 2019 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (April 15, 2019).

Published 16 Apr, 2019 12:00am
Government-IMF agreement finally in sight
Currency

Government-IMF agreement finally in sight

Pakistan has reached an "agreement in principle" with the International Monetary Fund (IMF) over a bailout programme and expects to formally secure a rescue package later this month, a minister said on Monday.
Published 16 Apr, 2019 12:00am
Government-IMF agreement finally in sight
Currency

Government-IMF agreement finally in sight

Pakistan has reached an "agreement in principle" with the International Monetary Fund (IMF) over a bailout programme and expects to formally secure a rescue package later this month, a minister said on Monday.
Published 16 Apr, 2019 12:00am
Government-IMF agreement finally in sight
Currency

Government-IMF agreement finally in sight

Pakistan has reached an "agreement in principle" with the International Monetary Fund (IMF) over a bailout programme and expects to formally secure a rescue package later this month, a minister said on Monday.
Published 16 Apr, 2019 12:00am
THE RUPEE: stable trend
Currency

THE RUPEE: stable trend

The rupee showed modest recovery in terms of the dollar on the money market on Monday in the process of trading activity, dealers said. The rupee was inert in terms of the dollar for buying and selling at Rs 141.39 and Rs 141.40 respectively, they said.
Published 16 Apr, 2019 12:00am
Umar says FATF has no links with IMF conditionalities
Currency

Umar says FATF has no links with IMF conditionalities

Minister for Finance Asad Umar Monday said the Financial Action Task Force review team would visit Pakistan in the third week of May 2019 as the country took steps to improve its compliance with the FATF action plan and also moved ahead against proscribed
Published 16 Apr, 2019 12:00am
THE RUPEE: stable trend
Currency

THE RUPEE: stable trend

The rupee showed modest recovery in terms of the dollar on the money market on Monday in the process of trading activity, dealers said. The rupee was inert in terms of the dollar for buying and selling at Rs 141.39 and Rs 141.40 respectively, they said.
Published 16 Apr, 2019 12:00am
Umar says FATF has no links with IMF conditionalities
Currency

Umar says FATF has no links with IMF conditionalities

Minister for Finance Asad Umar Monday said the Financial Action Task Force review team would visit Pakistan in the third week of May 2019 as the country took steps to improve its compliance with the FATF action plan and also moved ahead against proscribed
Published 16 Apr, 2019 12:00am
Umar says FATF has no links with IMF conditionalities
Currency

Umar says FATF has no links with IMF conditionalities

Minister for Finance Asad Umar Monday said the Financial Action Task Force review team would visit Pakistan in the third week of May 2019 as the country took steps to improve its compliance with the FATF action plan and also moved ahead against proscribed
Published 16 Apr, 2019 12:00am
EU green lights trade talks with Washington to defuse tension

EU green lights trade talks with Washington to defuse tension

European Union countries on Monday overruled France and gave the green light for Brussels to open trade talks with Washington as soon as possible and defuse trans-Atlantic tensions. The EU''s 28 member states had struggled for months to agree on a mandate
Published 16 Apr, 2019 12:00am
EU green lights trade talks with Washington to defuse tension

EU green lights trade talks with Washington to defuse tension

European Union countries on Monday overruled France and gave the green light for Brussels to open trade talks with Washington as soon as possible and defuse trans-Atlantic tensions. The EU's 28 member states had struggled for months to agree on a mandate
Published 16 Apr, 2019 12:00am
EU green lights trade talks with Washington to defuse tension

EU green lights trade talks with Washington to defuse tension

European Union countries on Monday overruled France and gave the green light for Brussels to open trade talks with Washington as soon as possible and defuse trans-Atlantic tensions. The EU's 28 member states had struggled for months to agree on a mandate
Published 16 Apr, 2019 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Monday (April 15, 2019).

Published 16 Apr, 2019 12:00am