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Apr 29, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2019-05-29
Naya Pakistan Housing Scheme: Countrywide survey to be conducted

Naya Pakistan Housing Scheme: Countrywide survey to be conducted

The Senate Standing Committee on Housing and Works was informed on Tuesday that a housing survey will be conducted countrywide for Naya Pakistan Housing Scheme while National Database and Registration Authority (NADRA) has completed survey of seven distri
Published 29 May, 2019 12:00am
Afridi says there can be no compromise on country's sovereignty

Afridi says there can be no compromise on country's sovereignty

Federal Minister for States and Frontier Regions (Safron) Shaharyar Afridi on Tuesday maintained that there can be no compromise on sovereignty of the country and those challenging the writ of the state and maligning the Armed Forces would be penalised.
Published 29 May, 2019 12:00am
First part of Punjab Domestic Workers Act launched

First part of Punjab Domestic Workers Act launched

Provincial Minister for Labour and Human Resource Ansar Majeed Khan has formally launched the first phase of Punjab Domestic Workers Act 2019 at a ceremony held in a local hotel.
Published 29 May, 2019 12:00am
Minister vows to resolve journalists' salary issue before Eid

Minister vows to resolve journalists' salary issue before Eid

Minister of State for Parliamentary Affairs Ali Muhammad Khan Tuesday visited the media workers' protest camp outside the Parliament House and assured them that the issue of their outstanding salaries would be resolved prior to Eid-ul-Fitr.
Published 29 May, 2019 12:00am
M Anwar named Secretary Senate Secretariat

M Anwar named Secretary Senate Secretariat

Chairman Senate Sadiq Sanjrani Tuesday appointed Special Secretary Muhammad Anwar as Secretary (BPS-22) Senate Secretariat with effect from June 25, 2019, Anwar will take charge as incumbent Secretary Senate; Amjad Pervez Malik will reach the age of super
Published 29 May, 2019 12:00am
IHC disposes of petition seeking recovery of two children

IHC disposes of petition seeking recovery of two children

The Islamabad High Court (IHC) Tuesday disposed of a petition seeking recovery of two children arrested by Golra police on May 13 from their home in connection with a crime allegedly committed by their elder brother.
Published 29 May, 2019 12:00am
Child safety and health-related bills introduced in NA

Child safety and health-related bills introduced in NA

As many as four bills were introduced on Tuesday in the National Assembly on private members' day for protection, welfare, health and safety of innocent children and to eliminate any discrimination on the basis of sex.
Published 29 May, 2019 12:00am
Hyundai NEXO named a 'game changer'

Hyundai NEXO named a 'game changer'

The Hyundai NEXO Fuel Cell vehicle has been named as a 'game changer' at the annual Autocar awards, in recognition of its trail-blazing zero emissions hydrogen fuel cell technology. Mark Tisshaw, Editor of Autocar, said: "Hyundai has become a world leader
Published 29 May, 2019 12:00am
Amir Muqam's son granted bail in corruption case

Amir Muqam's son granted bail in corruption case

An anti-corruption court on Tuesday granted bail to Pakistan Muslim League-Nawaz (PML-N) provincial president Amir Muqam's son, Ishtiaq Ahmad into alleged corruption case. Ishtiaq Muqam was arrested by anti corruption unit of FIA on charges of corruption
Published 29 May, 2019 12:00am
Sanctity of bank account statement
Exchange

Sanctity of bank account statement

All banks of Pakistan ensure genuineness of citizen by obtaining CNIC and relevant documents on opening a new account and not only store this record but also transfer it to SBP for future reference, if any. Account statements are more sensitive than chequ
Published 29 May, 2019 12:00am
Touch wood: US trade war leaves China importers struggling
Currency

Touch wood: US trade war leaves China importers struggling

Xu Xuebing began importing US wood products into Shanghai two years ago, anticipating sizable profits re-selling to Chinese furniture manufacturers. Then the China-US trade war started. Since Beijing began to impose retaliatory tariffs on US goods last ye
Published 29 May, 2019 12:00am
A tryst with history

A tryst with history

BJP's decisive victory in the recent general elections has ensured a second term for Narendra Modi as India's Prime Minister. History has extended Modi rule with a greater vote, confidence and with a mission and purpose. His last tenure should serve him a
Published 29 May, 2019 12:00am
Free market losing ground
Exchange

Free market losing ground

Until about the mid-1980s we had been practicing what used to be called the planned economy. It used to be the state that would determine the direction and thrust of our economy over a medium term of five years. By mid-1980s with the near collapse of the
Published 29 May, 2019 12:00am
Grappling with the Gulf crisis

Grappling with the Gulf crisis

On a recent visit to Pakistan amid high tensions with the US to hold consultations with top civil and military leadership, Iranian Foreign Minister Javad Zarif heard what he wanted to hear. His Pakistani counterpart Shah Mehmood Qureshi said tensions in t
Updated 29 May, 2019 06:30am
In defence of economic policies
Exchange

In defence of economic policies

As pledged by the Special Assistant to the Prime Minister on Information Firdous Ashiq Awan after the cabinet meeting on Tuesday 22 May, the Advisor to the Prime Minister on Finance, Abdul Hafeez Shaikh, held a press conference on Saturday 25 May to unvei
Updated 29 May, 2019 06:26am
21 civilians dead as regime pounds Syria's northwest

21 civilians dead as regime pounds Syria's northwest

At least 21 civilians were killed on Tuesday as Syria's regime intensified its bombardment of the last jihadist stronghold in the country's northwest, a monitor said. Nine children were among the 21 killed in government fire on several towns in Idlib prov
Published 29 May, 2019 12:00am
Sighting Shawwal moon: Ruet-e-Hilal body to meet on June 4

Sighting Shawwal moon: Ruet-e-Hilal body to meet on June 4

The meeting of Central Ruet-e-Hilal Com-mittee for sighting the crescent of Shawwal 1440 AH will be held on June 4 (Tuesday) in Karachi. According to the notification of the Ministry of Religious Affairs and Interfaith Harmony, Central Ruet-e-Hilal Commit
Published 29 May, 2019 12:00am
Sighting Shawwal moon: Ruet-e-Hilal body to meet on June 4

Sighting Shawwal moon: Ruet-e-Hilal body to meet on June 4

The meeting of Central Ruet-e-Hilal Com-mittee for sighting the crescent of Shawwal 1440 AH will be held on June 4 (Tuesday) in Karachi. According to the notification of the Ministry of Religious Affairs and Interfaith Harmony, Central Ruet-e-Hilal Commit
Published 29 May, 2019 12:00am
Government announces Eid holidays

Government announces Eid holidays

The federal government has announced four holidays from June 4 to June 7 in connection with Eid-ul-Fitr. A notification has been issued by the Ministry of Interior to all public and private departments pertaining to Eid holidays. Eid-ul-Fitr holidays have
Published 29 May, 2019 12:00am
Government announces Eid holidays

Government announces Eid holidays

The federal government has announced four holidays from June 4 to June 7 in connection with Eid-ul-Fitr. A notification has been issued by the Ministry of Interior to all public and private departments pertaining to Eid holidays. Eid-ul-Fitr holidays have
Published 29 May, 2019 12:00am
Indian HC invites PM, President for Iftar

Indian HC invites PM, President for Iftar

The High Commission of India to Pakistan has decided to organise an Iftar party in Islamabad on 1st June and has extended an invite to Pakistani leadership including Prime Minister Imran Khan. Other Pakistani dignitaries invited include Pakistani Presiden
Published 29 May, 2019 12:00am
Qureshi reaches Saudi Arabia to attend OIC meeting today
Exchange

Qureshi reaches Saudi Arabia to attend OIC meeting today

Foreign Minister Shah Mahmood Qureshi Tuesday reached Saudi Arabia to attend a meeting of Organisation of Islamic Conference (OIC) Council of Foreign Ministers today (Wednesday). The foreign minister will represent Pakistan in the meeting of OIC Council o
Published 29 May, 2019 12:00am
Qureshi reaches Saudi Arabia to attend OIC meeting today
Exchange

Qureshi reaches Saudi Arabia to attend OIC meeting today

Foreign Minister Shah Mahmood Qureshi Tuesday reached Saudi Arabia to attend a meeting of Organisation of Islamic Conference (OIC) Council of Foreign Ministers today (Wednesday). The foreign minister will represent Pakistan in the meeting of OIC Council o
Published 29 May, 2019 12:00am
55-paisa per unit hike approved for Discos

55-paisa per unit hike approved for Discos

National Electric Power Regulatory Authority (Nepra) Tuesday approved an increase of 55 paisa per unit in electricity prices for Distribution Companies (Discos) for April 2019 under the monthly fuel price adjustment mechanism. The regulator took the decis
Published 29 May, 2019 12:00am
55-paisa per unit hike approved for Discos

55-paisa per unit hike approved for Discos

National Electric Power Regulatory Authority (Nepra) Tuesday approved an increase of 55 paisa per unit in electricity prices for Distribution Companies (Discos) for April 2019 under the monthly fuel price adjustment mechanism. The regulator took the decis
Published 29 May, 2019 12:00am
55-paisa per unit hike approved for Discos

55-paisa per unit hike approved for Discos

National Electric Power Regulatory Authority (Nepra) Tuesday approved an increase of 55 paisa per unit in electricity prices for Distribution Companies (Discos) for April 2019 under the monthly fuel price adjustment mechanism. The regulator took the decis
Published 29 May, 2019 12:00am
Ringleaders of Brazil's latest mass jail killing to be transferred

Ringleaders of Brazil's latest mass jail killing to be transferred

Nine inmates suspected of ordering the killing of 55 prisoners in northern Brazil in the past two days will be transferred to federal jails, officials said Tuesday. Most of the victims killed Sunday and Monday in four Amazonas state prisons died from "asp
Published 29 May, 2019 12:00am
Ringleaders of Brazil's latest mass jail killing to be transferred

Ringleaders of Brazil's latest mass jail killing to be transferred

Nine inmates suspected of ordering the killing of 55 prisoners in northern Brazil in the past two days will be transferred to federal jails, officials said Tuesday. Most of the victims killed Sunday and Monday in four Amazonas state prisons died from "asp
Published 29 May, 2019 12:00am
WHO team arrives to visit HIV-hit areas in Larkana

WHO team arrives to visit HIV-hit areas in Larkana

A delegation of World Health Organization (WHO) reached Karachi on Tuesday to visit the areas affected by the Human Immunodeficiency Virus (HIV) outbreak. Director General Health Sindh Dr Masood Solangi received the 12-member team at Karachi airport Tuesd
Published 29 May, 2019 12:00am
WHO team arrives to visit HIV-hit areas in Larkana

WHO team arrives to visit HIV-hit areas in Larkana

A delegation of World Health Organization (WHO) reached Karachi on Tuesday to visit the areas affected by the Human Immunodeficiency Virus (HIV) outbreak. Director General Health Sindh Dr Masood Solangi received the 12-member team at Karachi airport Tuesd
Published 29 May, 2019 12:00am
Certain exemptions to farm sector may be withdrawn

Certain exemptions to farm sector may be withdrawn

Under the pressure of tough conditions set by the International Monetary Fund (IMF), the Pakistan Tehreek-e-Insaf (PTI) government is contemplating to withdraw certain exemptions given to farm sector, including reduced rates of general sales tax on seeds,
Published 29 May, 2019 12:00am
Certain exemptions to farm sector may be withdrawn

Certain exemptions to farm sector may be withdrawn

Under the pressure of tough conditions set by the International Monetary Fund (IMF), the Pakistan Tehreek-e-Insaf (PTI) government is contemplating to withdraw certain exemptions given to farm sector, including reduced rates of general sales tax on seeds,
Published 29 May, 2019 12:00am
Certain exemptions to farm sector may be withdrawn

Certain exemptions to farm sector may be withdrawn

Under the pressure of tough conditions set by the International Monetary Fund (IMF), the Pakistan Tehreek-e-Insaf (PTI) government is contemplating to withdraw certain exemptions given to farm sector, including reduced rates of general sales tax on seeds,
Published 29 May, 2019 12:00am
Case transfer to Islamabad: Zardari moves SC against SHC order

Case transfer to Islamabad: Zardari moves SC against SHC order

Former president Asif Ali Zardari challenged the Sindh High Court order in the apex court to transfer fake accounts case from Karachi to Islamabad. Pakistan People Party Parliamentarians president Asif Ali Zardari on Tuesday filed a criminal petition agai
Published 29 May, 2019 12:00am
Case transfer to Islamabad: Zardari moves SC against SHC order

Case transfer to Islamabad: Zardari moves SC against SHC order

Former president Asif Ali Zardari challenged the Sindh High Court order in the apex court to transfer fake accounts case from Karachi to Islamabad. Pakistan People Party Parliamentarians president Asif Ali Zardari on Tuesday filed a criminal petition agai
Published 29 May, 2019 12:00am
Amnesty calls for probe into NW incident

Amnesty calls for probe into NW incident

Amnesty International has called for an investigation into the killing of three activists during a deadly clash between troops and protesters in a restive tribal region near the Afghan border. The activists were part of a demonstration organised on Sunday
Published 29 May, 2019 12:00am
Amnesty calls for probe into NW incident

Amnesty calls for probe into NW incident

Amnesty International has called for an investigation into the killing of three activists during a deadly clash between troops and protesters in a restive tribal region near the Afghan border. The activists were part of a demonstration organised on Sunday
Published 29 May, 2019 12:00am
Section 144 imposed on South Waziristan for one month

Section 144 imposed on South Waziristan for one month

The South Waziristan tribal district's administration on Tuesday imposed section 144 for one month to maintain law and order. According to the district administration, every kind of display of weapons, aerial firing and carrying guns will be banned. Under
Published 29 May, 2019 12:00am
Section 144 imposed on South Waziristan for one month

Section 144 imposed on South Waziristan for one month

The South Waziristan tribal district's administration on Tuesday imposed section 144 for one month to maintain law and order. According to the district administration, every kind of display of weapons, aerial firing and carrying guns will be banned. Under
Published 29 May, 2019 12:00am
12th Five-Year Plan to be approved today
Exchange

12th Five-Year Plan to be approved today

The National Economic Council (NEC) is all set to approve 12th Five-Year Plan (2018-23) Wednesday (May 29). The 12th Five-Year Plan is presented in the backdrop of serious macroeconomic imbalances and a huge structural deficit. A 39-month IMF adjustment p
Published 29 May, 2019 12:00am
12th Five-Year Plan to be approved today
Exchange

12th Five-Year Plan to be approved today

The National Economic Council (NEC) is all set to approve 12th Five-Year Plan (2018-23) Wednesday (May 29). The 12th Five-Year Plan is presented in the backdrop of serious macroeconomic imbalances and a huge structural deficit. A 39-month IMF adjustment p
Published 29 May, 2019 12:00am
12th Five-Year Plan to be approved today
Exchange

12th Five-Year Plan to be approved today

The National Economic Council (NEC) is all set to approve 12th Five-Year Plan (2018-23) Wednesday (May 29). The 12th Five-Year Plan is presented in the backdrop of serious macroeconomic imbalances and a huge structural deficit. A 39-month IMF adjustment p
Published 29 May, 2019 12:00am
NEC all set to approve 4 percent growth rate
Exchange

NEC all set to approve 4 percent growth rate

The National Economic Council (NEC) is all set to approve today (Wedne-sday) 4 percent GDP growth rate for the next fiscal year, subject to favourable weather conditions, managing current account deficit, consistent economic policies and aligned monetary
Published 29 May, 2019 12:00am
NEC all set to approve 4 percent growth rate
Exchange

NEC all set to approve 4 percent growth rate

The National Economic Council (NEC) is all set to approve today (Wedne-sday) 4 percent GDP growth rate for the next fiscal year, subject to favourable weather conditions, managing current account deficit, consistent economic policies and aligned monetary
Published 29 May, 2019 12:00am
The Weather

The Weather

The weather report on Tuesday (May 28, 2019) and the forecast for Wednesday (May 29, 2019).

Published 29 May, 2019 12:00am
NEC all set to approve 4 percent growth rate
Exchange

NEC all set to approve 4 percent growth rate

The National Economic Council (NEC) is all set to approve today (Wedne-sday) 4 percent GDP growth rate for the next fiscal year, subject to favourable weather conditions, managing current account deficit, consistent economic policies and aligned monetary
Published 29 May, 2019 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (May 28, 2019).

Published 29 May, 2019 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (May 28, 2019)

Published 29 May, 2019 12:00am
Taliban say they want peace

Taliban say they want peace

Senior Taliban officials including the group's top political advisor met with Afghan political figures in Moscow Tuesday, saying they were committed to peace in Afghanistan - even as US-led talks appear to have stalled. In a message the Taliban have not a
Published 29 May, 2019 12:00am
Taliban say they want peace

Taliban say they want peace

Senior Taliban officials including the group's top political advisor met with Afghan political figures in Moscow Tuesday, saying they were committed to peace in Afghanistan - even as US-led talks appear to have stalled. In a message the Taliban have not a
Published 29 May, 2019 12:00am
THE RUPEE: easier trend
Exchange

THE RUPEE: easier trend

The rupee failed to maintain firm trend against the dollar on the money market on Tuesday in the process of trading, dealers said.
Published 29 May, 2019 12:00am
Wheat production target of 25.5 million tonnes missed

Wheat production target of 25.5 million tonnes missed

Pakistan has missed wheat production target as the country produced 24.12 million tonnes of wheat against the set target of 25.5 million tonnes from an area of 8.833 million hectares during Rabi season 2018-19. Federal Minister for National Food Security
Published 29 May, 2019 12:00am
THE RUPEE: easier trend
Exchange

THE RUPEE: easier trend

The rupee failed to maintain firm trend against the dollar on the money market on Tuesday in the process of trading, dealers said.
Published 29 May, 2019 12:00am
Wheat production target of 25.5 million tonnes missed

Wheat production target of 25.5 million tonnes missed

Pakistan has missed wheat production target as the country produced 24.12 million tonnes of wheat against the set target of 25.5 million tonnes from an area of 8.833 million hectares during Rabi season 2018-19. Federal Minister for National Food Security
Published 29 May, 2019 12:00am
Wheat production target of 25.5 million tonnes missed

Wheat production target of 25.5 million tonnes missed

Pakistan has missed wheat production target as the country produced 24.12 million tonnes of wheat against the set target of 25.5 million tonnes from an area of 8.833 million hectares during Rabi season 2018-19. Federal Minister for National Food Security
Published 29 May, 2019 12:00am
Alibaba eyes $20 billion second listing in HK: report
Exchange

Alibaba eyes $20 billion second listing in HK: report

Chinese e-commerce leader Alibaba Group is exploring a potential second listing in Hong Kong that could raise $20 billion as Beijing seeks to encourage its tech titans to list closer to home, a report on Tuesday said. US-listed Alibaba is aiming to file a
Published 29 May, 2019 12:00am
Alibaba eyes $20 billion second listing in HK: report
Exchange

Alibaba eyes $20 billion second listing in HK: report

Chinese e-commerce leader Alibaba Group is exploring a potential second listing in Hong Kong that could raise $20 billion as Beijing seeks to encourage its tech titans to list closer to home, a report on Tuesday said. US-listed Alibaba is aiming to file a
Published 29 May, 2019 12:00am
Alibaba eyes $20 billion second listing in HK: report
Exchange

Alibaba eyes $20 billion second listing in HK: report

Chinese e-commerce leader Alibaba Group is exploring a potential second listing in Hong Kong that could raise $20 billion as Beijing seeks to encourage its tech titans to list closer to home, a report on Tuesday said. US-listed Alibaba is aiming to file a
Published 29 May, 2019 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (May 28, 2019).

Published 29 May, 2019 12:00am
Opposition should not make May 28 controversial: Murad

Opposition should not make May 28 controversial: Murad

Parliament-ary Leader of Pakistan Muslim League-Nawaz (PML-N) Khawaja Muhammad Asif and Minister for Communications Murad Saeed again came face to face in the National Assembly as the latter asked the opposition not to make Youm-e-Takbir controversial to
Published 29 May, 2019 12:00am
Opposition should not make May 28 controversial: Murad

Opposition should not make May 28 controversial: Murad

Parliament-ary Leader of Pakistan Muslim League-Nawaz (PML-N) Khawaja Muhammad Asif and Minister for Communications Murad Saeed again came face to face in the National Assembly as the latter asked the opposition not to make Youm-e-Takbir controversial to
Published 29 May, 2019 12:00am
Economic crisis: Maryam says government has no roadmap

Economic crisis: Maryam says government has no roadmap

The Pakistan Muslim League-Nawaz (PML-N) in a party gathering held in connection with 'Youm-e-Takbeer' lashed out at PM Imran Khan and blamed him for pushing the country backward causing miseries and manifold problems for the country. The function was org
Published 29 May, 2019 12:00am
Economic crisis: Maryam says government has no roadmap

Economic crisis: Maryam says government has no roadmap

The Pakistan Muslim League-Nawaz (PML-N) in a party gathering held in connection with 'Youm-e-Takbeer' lashed out at PM Imran Khan and blamed him for pushing the country backward causing miseries and manifold problems for the country. The function was org
Published 29 May, 2019 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 29 May, 2019 12:00am
Exchange Companies: SBP's reps to accompany FIA 'raiding' teams
Exchange

Exchange Companies: SBP's reps to accompany FIA 'raiding' teams

The federal government Tuesday assured the representatives of the Exchange Companies that a representatives of the State Bank will accompany FIA team during the surprise visits of Exchange Companies. A delegation of ECs, led by the President of Forex Asso
Published 29 May, 2019 12:00am
Exchange Companies: SBP's reps to accompany FIA 'raiding' teams
Exchange

Exchange Companies: SBP's reps to accompany FIA 'raiding' teams

The federal government Tuesday assured the representatives of the Exchange Companies that a representatives of the State Bank will accompany FIA team during the surprise visits of Exchange Companies. A delegation of ECs, led by the President of Forex Asso
Published 29 May, 2019 12:00am
PSX CEO removed
Exchange

PSX CEO removed

The chief executive officer of Pakistan Stock Exchange (PSX) Richard Morin was removed from his post by the board of directors due to his "unsatisfactory" performance, sources said. The PSX board of directors took this decision in its meeting held here on
Published 29 May, 2019 12:00am
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