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Apr 29, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2019-05-18
NA body concerned at PHF's poor performance

NA body concerned at PHF's poor performance

The National Assembly Standing Committee on Inter-Provincial Coordination has expressed serious concern over the poor performance of Pakistan Hockey Federation (PHF), as the performance of national hockey team declined with the passage of time due to lack
Published 18 May, 2019 12:00am
CM felicitates Sana Mir

CM felicitates Sana Mir

Punjab chief minister Sardar Usman Buzdar has felicitated Sana Mir, spinner of national women cricket team for taking maximum wickets in ODI. The CM said that Sana has brought laurels home with her performance. She has written a new history and we pray fo
Published 18 May, 2019 12:00am
Sarwar, Ijaz Shah discuss security issues

Sarwar, Ijaz Shah discuss security issues

Punjab Governor Ch Muhammad Sarwar on Friday said the government is protecting each and every penny of public exchequer as a sacred trust and also ensuring accountability of those who have plundered the national wealth. He was talking to the Federal Inter
Published 18 May, 2019 12:00am
ABL, Bank of China-Pakistan sign MoU

ABL, Bank of China-Pakistan sign MoU

Allied Bank Limited (ABL) and Bank of China-Pakistan (BOCP) have entered into a Memorandum of Understanding (MoU) in Beijing. The MoU was signed by ABL's CEO, Tahir Hassan Qureshi and Country Head & CEO of BOCP Liu Xiaofei, in a ceremony held on April 28,
Published 18 May, 2019 12:00am
HBFC signs MoU with PPAF

HBFC signs MoU with PPAF

MoU Signing Ceremony was recently held between House Building Finance Company (HBFC) & Pakistan Poverty Alleviation Fund (PPAF) in Islamabad. The MoU was signed by Syed Basit Aly, Managing Director - HBFC & Qazi Azmat Isa, Chief Executive Officer - PPAF i
Published 18 May, 2019 12:00am
Soaring dollar rates big blow to business activities: LCCI

Soaring dollar rates big blow to business activities: LCCI

The Lahore Chamber of Commerce and Industry has termed uncontrolled dollar prices a big blow to the business activities and urged the government to immediately intervene in the matter. LCCI President Almas Hyder said that surge in dollar price will badly
Published 18 May, 2019 12:00am
Zubair lashes out at PTI government's economic policies

Zubair lashes out at PTI government's economic policies

Former Governor Sindh Muhammad Zubair while criticising the economic policies of the government, said that the country would fall in deep economic turmoil if Prime Minister Imran Khan's government continues in the office for the next two three months. He
Published 18 May, 2019 12:00am
Economic reforms: Firdous invites opposition to sit with government

Economic reforms: Firdous invites opposition to sit with government

Special Assistant to PM on Information and Broadcasting Dr Firdous Ashiq Awan Friday said that Prime Minister Imran Khan was a real national leader who had taken several long-term initiatives for bettterment of future generations Addressing workers of Ass
Published 18 May, 2019 12:00am
Railways losses soar to Rs 28.62 billion in eight-months
Exchange

Railways losses soar to Rs 28.62 billion in eight-months

Pakistan Railways suffered Rs 28.62 billion deficit during the first eight months of the Pakistan Tehreek-e-Insaf (PTI)-led government, while six out of 10 newly launched trains are going in loss. This was revealed by the railways officials while briefing
Published 18 May, 2019 12:00am
KP government issues stern warning to protesting doctors
Exchange

KP government issues stern warning to protesting doctors

Khyber Pakhtunkhwa Minister for Information Shaukat Ali Yousafzai has warned the protesting doctors against forcibly closing OPDs from tomorrow. Addressing a press conference here on Friday, the minister said that the government would open the OPDs from t
Published 18 May, 2019 12:00am
Adviser terms Sindh prison reforms 'revolutionary'

Adviser terms Sindh prison reforms 'revolutionary'

Adviser to Chief Minister Sindh for Information, Law and Anti-corruption Barrister Murtaza Wahab has said prison reforms is a revolutionary step of incumbent Sindh government towards repealing one and half century old outdated prison laws. He said that pr
Published 18 May, 2019 12:00am
Hamza voices concern over rapidly soaring dollar rates

Hamza voices concern over rapidly soaring dollar rates

Opposition leader in the Punjab Assembly Hamza Shahbaz expressed deep concerns over increase in dollar price on Friday, saying it has touched highest mark in the history of the country due to incompetence of the government. He said the dollar is not stabi
Published 18 May, 2019 12:00am
Tobacco-related diseases claim seven million lives p.a. globally

Tobacco-related diseases claim seven million lives p.a. globally

Tobacco consumption is among the biggest sources of non-communicable diseases in the world as seven million die globally per year of tobacco related diseases, experts said on Friday. Human Development Foundation (HDF) in collaboration with Campaign for To
Published 18 May, 2019 12:00am
PD's attached departments in default of Rs 293 billion, NA panel told

PD's attached departments in default of Rs 293 billion, NA panel told

A parliamentary panel was informed by the officials of Auditor General of Pakistan (AGP) on Friday that attached departments of Ministry of Energy (PD) are defaulting Rs 293 billion on account of various heads. The AGP officials were briefing the sub-comm
Published 18 May, 2019 12:00am
Punjab CS says CPEC to usher in new era of prosperity
Exchange

Punjab CS says CPEC to usher in new era of prosperity

Punjab Chief Secretary Yousaf Naseem Khokhar has said that the China Pakistan Economic Corridor (CPEC) would usher in a new era of progress and prosperity in Pakistan. He expressed these view while talking to a 15-member Chinese delegation led by China's
Published 18 May, 2019 12:00am
Buzdar slams Indian atrocities against Kashmiris

Buzdar slams Indian atrocities against Kashmiris

Punjab Chief Minister, Sardar Usman Buzdar has strongly condemned the state-sponsored terrorism of Indian army in occupied Kashmir. Expressing a deep sense of sorrow over the martyrdom of Kashmiris, the CM extended sympathies to the bereaved families. He
Published 18 May, 2019 12:00am
DHO directed to expedite drive against HIV/AIDS

DHO directed to expedite drive against HIV/AIDS

The Deputy Commissioner Hyderabad Syed Aijaz Ali Shah has directed the District Health Officer Hyderabad and other concerned officers to expedite the campaign against HIV/AIDS and take practical measures. He directed to adopt strategy to make people aware
Published 18 May, 2019 12:00am
CM reviews performance of E&T department

CM reviews performance of E&T department

Punjab Chief Minister Sardar Usman Buzdar has directed the concerned officials that owners of automobiles having a receipt of the Excise & Taxation department should not be asked about the number plates. The CM stated this while presiding over a meeting a
Published 18 May, 2019 12:00am
Sarwar assures business community of providing level-playing field

Sarwar assures business community of providing level-playing field

Punjab Governor Chaudhry Muhammad Sarwar has said the government is aware of the problems being faced by the trade and industrial sectors, and taking every possible measure to provide a level playing field to the business community. Talking to a delegatio
Published 18 May, 2019 12:00am
PPP decides to launch protest against PTI government's policies

PPP decides to launch protest against PTI government's policies

Pakistan Peoples Party (PPP) has decided to launch a protest in and outside of the Parliament House against the policies of Pakistan Tehreek-e-Insaf (PTI) government. The decision was taken in the PPP Core Committee meeting, which was held in the chair of
Published 18 May, 2019 12:00am
Businessmen Panel voices concern over all-time low PKR value
Exchange

Businessmen Panel voices concern over all-time low PKR value

Chairman Businessmen Panel (BMP) Mian Anjum Nisar has said that Pakistan is currently facing significant economic challenges, with declining foreign exchange reserves, diminishing growth and increasing trade deficit. He said that rupee once again weakened
Published 18 May, 2019 12:00am
World Bank to extend Rs 32.2 billion for 'CLICK' project

World Bank to extend Rs 32.2 billion for 'CLICK' project

The World Bank will extend Rs 32.2 billion for "Competitive & Livable City of Karachi (CLICK)" project to transform the metropolis into a livable, inclusive and competitive mega city. According to the official documents of the project, the total cost of t
Published 18 May, 2019 12:00am
All export-oriented issues being automated, CCE informs FPCCI

All export-oriented issues being automated, CCE informs FPCCI

All exports oriented services - Manufacturing Bond, Export Oriented Unit (EOU), Duty & Tax Remission for Export (DTRE) and SRO 492 are being automated, which will minimise human interaction and ensure trade facilitation, said Chief Collector Enforcement.
Published 18 May, 2019 12:00am
KP polls candidates: Bilawal-led PPP Parliamentary Board formed

KP polls candidates: Bilawal-led PPP Parliamentary Board formed

A Parliamentary Board headed by PPP chief Bilawal Bhutto-Zardari has been constituted to decide nomination of PPP's contestant in polls for seats of KPK Assembly. A statement released from Bilawal House on Friday said the board members include Syed Nayyar
Published 18 May, 2019 12:00am
SBP relaunches '8877' SMS service for fresh currency notes
Currency

SBP relaunches '8877' SMS service for fresh currency notes

The State Bank of Pakistan (SBP), through its subsidiary SBP Banking Services Corporation (SBP BSC) has relaunched the SMS service for issuance of fresh currency notes to general public. The fresh currency notes will be available from designated commercia
Published 18 May, 2019 12:00am
MPS likely on May 20: policy rate may go up by another 100 bps

MPS likely on May 20: policy rate may go up by another 100 bps

The policy rate is expected to rise by another 100bps from 10.75 percent to 11.75 percent in the upcoming monetary policy expected to be announced on May 20, 2019, analysts said. The aggressive monetary tightening is expected to continue by the central ba
Published 18 May, 2019 12:00am
Sindh Assembly adopts Prisons and Correctional Facilities Bill 2019

Sindh Assembly adopts Prisons and Correctional Facilities Bill 2019

The Sindh Assembly on Friday adopted 'The Sindh Prisons and Correctional Facilities Bill 2019' amid opposition's sit-in protest in the house. The opposition was all set to discuss HIV/AIDS spread in Larkana but speaker Agha Siraj Khan Durrani turned down
Published 18 May, 2019 12:00am
BKU students hold demo against rise in tuition fee

BKU students hold demo against rise in tuition fee

Dozens of students of Bacha Khan University (BKU) Charsadda on Friday staged protest demonstration in the university campus against increase of tuition fee by the varsity administration. The protesting students while talking to media persons strongly cond
Published 18 May, 2019 12:00am
Encroachments: SC summons Islamabad mayor, NHA chief

Encroachments: SC summons Islamabad mayor, NHA chief

The Supreme Court on Friday questioned the performance of Capital Development Authority and summoned the Islamabad mayor and chairman National Highway Authority to inform about steps that have been taken to clear encroachments from Islamabad and its highw
Published 18 May, 2019 12:00am
Weather turns pleasant after light rain

Weather turns pleasant after light rain

Light rain in Lahore and other parts of the country on Friday turned the weather pleasant. Meanwhile, similar spells of rain were also reported from other parts of the country including Islamabad, Rawalpindi, various cities of Khyber Pakhtunkhwa, Gilgit B
Published 18 May, 2019 12:00am
Shahbaz says will be back home before budget

Shahbaz says will be back home before budget

Opposition leader in the National Assembly and Pakistan Muslim League-Nawaz (PML-N) President Shahbaz Sharif has dispelled the reports that he is not returning to Pakistan and said that he would return to Pakistan before the budget session.
Published 18 May, 2019 12:00am
Fake accounts case: NBW of arrest against Zardari's closed aide issued

Fake accounts case: NBW of arrest against Zardari's closed aide issued

An accountability court of Islamabad Friday issued non-bailable arrest warrants for Younis Qidwai in fake bank accounts case after he failed to appear before the court for the third consecutive time. Accountability Court Judge Mohammad Bashir resumed the
Published 18 May, 2019 12:00am
OPPO partners with Roland-Garros, Rolex Paris Masters

OPPO partners with Roland-Garros, Rolex Paris Masters

OPPO today signed a partnership agreement with the French Tennis Federation (FFT), becoming a premium partner and the Official Smartphone of the world-renowned Roland-Garros and of the Rolex Paris Masters for the next three years (2019-2021).
Published 18 May, 2019 12:00am
Work on all BRT stations in full swing: PDA

Work on all BRT stations in full swing: PDA

The work on all stations of Peshawar Bus Rapid Transit project is in full swing, while BRT corridor has so far completed. The Peshawar Development Authority (PDA) spokesman in a press statement issued here on Friday stated that the news relating to commun
Published 18 May, 2019 12:00am
Kaira's son dies in road accident

Kaira's son dies in road accident

Pakistan Peoples Party (PPP) Punjab President Qamar Zaman Kaira's son died in a road accident on Friday. Usama, son of Kiara, died in a road accident near Lala Moosa. He was studying at Government College University Lahore. PPP Punjab spokesman said the n
Published 18 May, 2019 12:00am
PAC tells SRD, CAA to resolve 24-year old land dispute by May 21

PAC tells SRD, CAA to resolve 24-year old land dispute by May 21

Issuing final warning to Sindh Revenue Department (SRD) and Civil Aviation Authority (CAA) Friday, the Public Accounts Committee (PAC) directed both the organisations to resolve 24 years old land dispute by May 21, otherwise the panel will take necessary
Published 18 May, 2019 12:00am
Officers asked to solve cotton growers' issues
Cotton

Officers asked to solve cotton growers' issues

Additional Secretary Agriculture (Task Force) Rana Ali Arshad has directed the officers of the provincial agriculture department to carry out regular field visits to ensure on the spot solution to the problems being faced by the cotton growers. He said th
Published 18 May, 2019 12:00am
APNS condoles

APNS condoles

The APNS expresses its profound grief over the sad and sudden demise of Osama Qamar son of former Federal Information Minister Qamar Zaman Kaira. Hameed Haroon, President and Sarmad Ali, Secretary General of All Pakistan Newspapers Society in a press stat
Published 18 May, 2019 12:00am
Mayor informs CM about city's faulty sewerage system

Mayor informs CM about city's faulty sewerage system

Mayor Karachi Wasim Akhtar expressed severe concerns on the faulty sewerage system in the city and urged the Chief Minister Sindh to direct the Karachi Water and Sewerage Board (KW&SB) to take immediate measures to save the city from further deterioration
Published 18 May, 2019 12:00am
Experts warn against IS's threat in South Asia

Experts warn against IS's threat in South Asia

Experts on Friday warned that the global terror network Daesh - also known as IS - may be struggling to keep itself alive in South Asia after setbacks it suffered in the Middle East. They were speaking at a roundtable discussion hosted by Islamabad Policy
Published 18 May, 2019 12:00am
Modi slams Gandhi assassin comments ahead of key final vote

Modi slams Gandhi assassin comments ahead of key final vote

Indian Prime Minister Narendra Modi on Friday condemned a firebrand Hindu election candidate from his ruling party who called the assassin of independence hero Mahatma Gandhi a "patriot". The conservative prime minister was forced to act as a backlash gre
Published 18 May, 2019 12:00am
Modi slams Gandhi assassin comments ahead of key final vote

Modi slams Gandhi assassin comments ahead of key final vote

Indian Prime Minister Narendra Modi on Friday condemned a firebrand Hindu election candidate from his ruling party who called the assassin of independence hero Mahatma Gandhi a "patriot". The conservative prime minister was forced to act as a backlash gre
Published 18 May, 2019 12:00am
Iran says it can 'easily' hit US ships
Exchange

Iran says it can 'easily' hit US ships

Iran said on Friday it could "easily" hit US warships in the Gulf, the latest in days of saber rattling between Washington and Tehran, while its top diplomat worked to counter US sanctions and salvage a nuclear deal denounced by President Donald Trump. Te
Published 18 May, 2019 12:00am
Iran says it can 'easily' hit US ships
Exchange

Iran says it can 'easily' hit US ships

Iran said on Friday it could "easily" hit US warships in the Gulf, the latest in days of saber rattling between Washington and Tehran, while its top diplomat worked to counter US sanctions and salvage a nuclear deal denounced by President Donald Trump. Te
Published 18 May, 2019 12:00am
CPI Inflation may be settled at 9.59 percent this month
Exchange

CPI Inflation may be settled at 9.59 percent this month

The CPI inflation is expected to settle at 9.59 percent in the month of May 2019 as compared to 4.19 percent in the same month of 2018. The CPI inflation was recorded at 8.82 percent in the month of April 2019. The inflation uptick is due to unfavourable
Published 18 May, 2019 12:00am
CPI Inflation may be settled at 9.59 percent this month
Exchange

CPI Inflation may be settled at 9.59 percent this month

The CPI inflation is expected to settle at 9.59 percent in the month of May 2019 as compared to 4.19 percent in the same month of 2018. The CPI inflation was recorded at 8.82 percent in the month of April 2019. The inflation uptick is due to unfavourable
Published 18 May, 2019 12:00am
CPI Inflation may be settled at 9.59 percent this month
Exchange

CPI Inflation may be settled at 9.59 percent this month

The CPI inflation is expected to settle at 9.59 percent in the month of May 2019 as compared to 4.19 percent in the same month of 2018. The CPI inflation was recorded at 8.82 percent in the month of April 2019. The inflation uptick is due to unfavourable
Published 18 May, 2019 12:00am
Media houses: Punjab departments directed to clear dues

Media houses: Punjab departments directed to clear dues

Punjab Chief Secretary Yousaf Naseem Khokhar on Friday directed the provincial departments to pay outstanding dues of advertisements and submit a report after making payments to media houses within the prescribed timeframe. While presiding over a meeting
Published 18 May, 2019 12:00am
Media houses: Punjab departments directed to clear dues

Media houses: Punjab departments directed to clear dues

Punjab Chief Secretary Yousaf Naseem Khokhar on Friday directed the provincial departments to pay outstanding dues of advertisements and submit a report after making payments to media houses within the prescribed timeframe. While presiding over a meeting
Published 18 May, 2019 12:00am
Launching ceremony of first corvette vessel built for Navy at Romania

Launching ceremony of first corvette vessel built for Navy at Romania

Launching ceremony of first state of the art 2300 Tons Corvette vessel being built for Pakistan Navy was held at M/s DAMEN Shipyard Galati, Romania. Chief of Staff (Personnel), Vice Admiral Abdul Aleem graced the occasion as Chief Guest. Corvettes are mul
Published 18 May, 2019 12:00am
Launching ceremony of first corvette vessel built for Navy at Romania

Launching ceremony of first corvette vessel built for Navy at Romania

Launching ceremony of first state of the art 2300 Tons Corvette vessel being built for Pakistan Navy was held at M/s DAMEN Shipyard Galati, Romania. Chief of Staff (Personnel), Vice Admiral Abdul Aleem graced the occasion as Chief Guest. Corvettes are mul
Published 18 May, 2019 12:00am
Launching ceremony of first corvette vessel built for Navy at Romania

Launching ceremony of first corvette vessel built for Navy at Romania

Launching ceremony of first state of the art 2300 Tons Corvette vessel being built for Pakistan Navy was held at M/s DAMEN Shipyard Galati, Romania. Chief of Staff (Personnel), Vice Admiral Abdul Aleem graced the occasion as Chief Guest. Corvettes are mul
Published 18 May, 2019 12:00am
Launching ceremony of first corvette vessel built for Navy at Romania

Launching ceremony of first corvette vessel built for Navy at Romania

Launching ceremony of first state of the art 2300 Tons Corvette vessel being built for Pakistan Navy was held at M/s DAMEN Shipyard Galati, Romania. Chief of Staff (Personnel), Vice Admiral Abdul Aleem graced the occasion as Chief Guest. Corvettes are mul
Published 18 May, 2019 12:00am
Assets Declaration Rules 2019 may be issued next week

Assets Declaration Rules 2019 may be issued next week

The Federal Board of Revenue (FBR) remained unable to issue the Assets Declaration Rules 2019 on Friday due to the delay in vetting of rules by the Law and Justice Division. It is learnt that the FBR is expected to issue rules next week due to official ho
Published 18 May, 2019 12:00am
Assets Declaration Rules 2019 may be issued next week

Assets Declaration Rules 2019 may be issued next week

The Federal Board of Revenue (FBR) remained unable to issue the Assets Declaration Rules 2019 on Friday due to the delay in vetting of rules by the Law and Justice Division. It is learnt that the FBR is expected to issue rules next week due to official ho
Published 18 May, 2019 12:00am
Assets Declaration Rules 2019 may be issued next week

Assets Declaration Rules 2019 may be issued next week

The Federal Board of Revenue (FBR) remained unable to issue the Assets Declaration Rules 2019 on Friday due to the delay in vetting of rules by the Law and Justice Division. It is learnt that the FBR is expected to issue rules next week due to official ho
Published 18 May, 2019 12:00am
Assets Declaration Rules 2019 may be issued next week

Assets Declaration Rules 2019 may be issued next week

The Federal Board of Revenue (FBR) remained unable to issue the Assets Declaration Rules 2019 on Friday due to the delay in vetting of rules by the Law and Justice Division. It is learnt that the FBR is expected to issue rules next week due to official ho
Published 18 May, 2019 12:00am
Tax incentives for REITs development on the cards
Exchange

Tax incentives for REITs development on the cards

The government is planning to take steps including tax incentives for the development of Real Estate Investment Trusts (REITs) in the country in the coming budget (2019-20). Sources told Business Recorder that the Federal Board of Revenue (FBR) is
Published 18 May, 2019 12:00am
Tax incentives for REITs development on the cards
Exchange

Tax incentives for REITs development on the cards

The government is planning to take steps including tax incentives for the development of Real Estate Investment Trusts (REITs) in the country in the coming budget (2019-20). Sources told Business Recorder that the Federal Board of Revenue (FBR) is
Published 18 May, 2019 12:00am
Tax incentives for REITs development on the cards
Exchange

Tax incentives for REITs development on the cards

The government is planning to take steps including tax incentives for the development of Real Estate Investment Trusts (REITs) in the country in the coming budget (2019-20). Sources told Business Recorder that the Federal Board of Revenue (FBR) is
Published 18 May, 2019 12:00am
PFMA Punjab threatens to stop flour supply to market

PFMA Punjab threatens to stop flour supply to market

Pakistan Flour Mills Association (PFMA) Punjab while demanding for changing the sitting Provincial Secretary Food has threatened to stop supply of flour in the market after three days if their demand is not accepted. The demand was raised by PFMA Punjab C
Published 18 May, 2019 12:00am
PFMA Punjab threatens to stop flour supply to market

PFMA Punjab threatens to stop flour supply to market

Pakistan Flour Mills Association (PFMA) Punjab while demanding for changing the sitting Provincial Secretary Food has threatened to stop supply of flour in the market after three days if their demand is not accepted. The demand was raised by PFMA Punjab C
Published 18 May, 2019 12:00am
PFMA Punjab threatens to stop flour supply to market

PFMA Punjab threatens to stop flour supply to market

Pakistan Flour Mills Association (PFMA) Punjab while demanding for changing the sitting Provincial Secretary Food has threatened to stop supply of flour in the market after three days if their demand is not accepted. The demand was raised by PFMA Punjab C
Published 18 May, 2019 12:00am
China backs Iran during US tensions

China backs Iran during US tensions

China offered strong support to Iran on Friday, with its top diplomat telling Iran's foreign minister that China opposes unilateral sanctions and supports Tehran's efforts to safeguard its interests. US-Iranian tensions have escalated in recent days, brin
Published 18 May, 2019 12:00am
China backs Iran during US tensions

China backs Iran during US tensions

China offered strong support to Iran on Friday, with its top diplomat telling Iran's foreign minister that China opposes unilateral sanctions and supports Tehran's efforts to safeguard its interests. US-Iranian tensions have escalated in recent days, brin
Published 18 May, 2019 12:00am
Public fund: hearing adjourned to May 23

Public fund: hearing adjourned to May 23

The Lahore High Court has been urged to restrain public office holders, ministers and bureaucrats from misusing the public fund, even taking a cup of tea. The Lawyers Foundation for Justice pleaded that the public fund and public property being trust in t
Published 18 May, 2019 12:00am
Public fund: hearing adjourned to May 23

Public fund: hearing adjourned to May 23

The Lahore High Court has been urged to restrain public office holders, ministers and bureaucrats from misusing the public fund, even taking a cup of tea. The Lawyers Foundation for Justice pleaded that the public fund and public property being trust in t
Published 18 May, 2019 12:00am
Dawood questioned by MPs

Dawood questioned by MPs

Prime Min-ister''s Advisor on Commerce, Textile, Industries and Prod-uction and Investment, Abdul Razak Dawood on Friday was grilled by parliamentarians due to unprecedented appreciation in the dollar value verses Pak rupee and non-availability of essenti
Published 18 May, 2019 12:00am
Dawood questioned by MPs

Dawood questioned by MPs

Prime Min-ister's Advisor on Commerce, Textile, Industries and Prod-uction and Investment, Abdul Razak Dawood on Friday was grilled by parliamentarians due to unprecedented appreciation in the dollar value verses Pak rupee and non-availability of essentia
Published 18 May, 2019 12:00am
Dawood questioned by MPs

Dawood questioned by MPs

Prime Min-ister's Advisor on Commerce, Textile, Industries and Prod-uction and Investment, Abdul Razak Dawood on Friday was grilled by parliamentarians due to unprecedented appreciation in the dollar value verses Pak rupee and non-availability of essentia
Published 18 May, 2019 12:00am
PKR erosion adds to external debt heavily
Exchange

PKR erosion adds to external debt heavily

The burden of Pakistan''s external debt has increased by Rs 661 billion since the rupee depreciation began three days ago. From Wednesday 15 May, the State Bank of Pakistan (SBP) ceased to provide an indicative level to banks'' treasuries within which the
Published 18 May, 2019 12:00am
PKR erosion adds to external debt heavily
Exchange

PKR erosion adds to external debt heavily

The burden of Pakistan's external debt has increased by Rs 661 billion since the rupee depreciation began three days ago. From Wednesday 15 May, the State Bank of Pakistan (SBP) ceased to provide an indicative level to banks' treasuries within which the r
Published 18 May, 2019 12:00am
PKR erosion adds to external debt heavily
Exchange

PKR erosion adds to external debt heavily

The burden of Pakistan's external debt has increased by Rs 661 billion since the rupee depreciation began three days ago. From Wednesday 15 May, the State Bank of Pakistan (SBP) ceased to provide an indicative level to banks' treasuries within which the r
Published 18 May, 2019 12:00am
SECP chief meets stakeholders
Mutual Funds

SECP chief meets stakeholders

The SECP Chairman and Commissioner (Securities Market Division) along with his team, met with capital market stakeholders, including the senior management of Pakistan Stock Exchange (PSX), National Clearing Company of Pakistan Limited (NCCPL), Central Dep
Published 18 May, 2019 12:00am
SECP chief meets stakeholders
Mutual Funds

SECP chief meets stakeholders

The SECP Chairman and Commissioner (Securities Market Division) along with his team, met with capital market stakeholders, including the senior management of Pakistan Stock Exchange (PSX), National Clearing Company of Pakistan Limited (NCCPL), Central Dep
Published 18 May, 2019 12:00am
SECP chief meets stakeholders
Mutual Funds

SECP chief meets stakeholders

The SECP Chairman and Commissioner (Securities Market Division) along with his team, met with capital market stakeholders, including the senior management of Pakistan Stock Exchange (PSX), National Clearing Company of Pakistan Limited (NCCPL), Central Dep
Published 18 May, 2019 12:00am
The Weather

The Weather

The weather report on Friday (May 17, 2019) and the forecast for Saturday (May 18, 2019).

Published 18 May, 2019 12:00am
Government to launch fund to support beleaguered PSX
Exchange

Government to launch fund to support beleaguered PSX

The government has decided to launch an up to Rs 20 billion fund to provide liquidity with a view to supporting the Pakistan Stock Market which is under severe pressure due to currency devaluation and other issues. Advisor to the Prime Minister on Finance
Published 18 May, 2019 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (May 17, 2019).

Published 18 May, 2019 12:00am
Government to launch fund to support beleaguered PSX
Exchange

Government to launch fund to support beleaguered PSX

The government has decided to launch an up to Rs 20 billion fund to provide liquidity with a view to supporting the Pakistan Stock Market which is under severe pressure due to currency devaluation and other issues. Advisor to the Prime Minister on Finance
Published 18 May, 2019 12:00am
Government to launch fund to support beleaguered PSX
Exchange

Government to launch fund to support beleaguered PSX

The government has decided to launch an up to Rs 20 billion fund to provide liquidity with a view to supporting the Pakistan Stock Market which is under severe pressure due to currency devaluation and other issues. Advisor to the Prime Minister on Finance
Published 18 May, 2019 12:00am
BRIndex100 bleeds

BRIndex100 bleeds

Pakistan stock market Friday nosedived due to panic selling in all sectors over investor concerns on depreciating Pak rupee, deal with the IMF and gloomy economic situation. BRIndex100 lost 102.59 points or 2.89 percent to close at 3,442.60 points. BRInde
Published 18 May, 2019 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (May 17, 2019).

Published 18 May, 2019 12:00am
BRIndex100 bleeds

BRIndex100 bleeds

Pakistan stock market Friday nosedived due to panic selling in all sectors over investor concerns on depreciating Pak rupee, deal with the IMF and gloomy economic situation. BRIndex100 lost 102.59 points or 2.89 percent to close at 3,442.60 points. BRInde
Published 18 May, 2019 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (May 17, 2019)

Published 18 May, 2019 12:00am
BRIndex100 bleeds

BRIndex100 bleeds

Pakistan stock market Friday nosedived due to panic selling in all sectors over investor concerns on depreciating Pak rupee, deal with the IMF and gloomy economic situation. BRIndex100 lost 102.59 points or 2.89 percent to close at 3,442.60 points. BRInde
Published 18 May, 2019 12:00am
Lloyd''s raises Gulf insurance risks after ship attacks

Lloyd''s raises Gulf insurance risks after ship attacks

Lloyd''s of London insurance market on Friday widened its list of areas in and around the Gulf posing "enhanced risk for marine insurers" after attacks on ships off the UAE. Lloyd''s said that the Gulf, part of the Gulf of Oman, Oman and the United Arab E
Published 18 May, 2019 12:00am
Lloyd's raises Gulf insurance risks after ship attacks

Lloyd's raises Gulf insurance risks after ship attacks

Lloyd's of London insurance market on Friday widened its list of areas in and around the Gulf posing "enhanced risk for marine insurers" after attacks on ships off the UAE. Lloyd's said that the Gulf, part of the Gulf of Oman, Oman and the United Arab Emi
Published 18 May, 2019 12:00am
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