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Apr 27, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2019-05-31
Telecoms giant EE launches Britain's first 5G services

Telecoms giant EE launches Britain's first 5G services

British mobile phone operator EE on Thursday became the first in the country to launch a high-speed 5G service, but without smartphones from controversial Chinese technology giant Huawei. EE, which is a division of British telecoms giant BT, has launched
Published 31 May, 2019 12:00am
Telecoms giant EE launches Britain's first 5G services

Telecoms giant EE launches Britain's first 5G services

British mobile phone operator EE on Thursday became the first in the country to launch a high-speed 5G service, but without smartphones from controversial Chinese technology giant Huawei. EE, which is a division of British telecoms giant BT, has launched
Published 31 May, 2019 12:00am
Gazprom profit jumps by 44 percent

Gazprom profit jumps by 44 percent

Russian energy giant Gazprom on Thursday reported a 44-percent jump in first-quarter net profit, driven by a rise in the value of exported gas. The state-controlled group reported a net profit of 535.9 billion rubles ($8.2 billion, 7.4 billion euros) betw
Published 31 May, 2019 12:00am
Gazprom profit jumps by 44 percent

Gazprom profit jumps by 44 percent

Russian energy giant Gazprom on Thursday reported a 44-percent jump in first-quarter net profit, driven by a rise in the value of exported gas. The state-controlled group reported a net profit of 535.9 billion rubles ($8.2 billion, 7.4 billion euros) betw
Published 31 May, 2019 12:00am
UK car output crashes on Brexit-induced shutdowns

UK car output crashes on Brexit-induced shutdowns

British car output almost halved in April as factories imposed shutdowns in the face of Brexit uncertainty and other sector-wide headwinds, industry data showed Thursday. The nation's car production nosedived 44.5 percent from the same month last year to
Published 31 May, 2019 12:00am
Trump says China suffering from trade conflict

Trump says China suffering from trade conflict

President Donald Trump repeated his claim on Thursday that China is suffering most in the trade conflict with the United States, saying the punitive tariffs are having a "devastating effect." And after talks broke down earlier this month, he said his toug
Published 31 May, 2019 12:00am
China accuses US of 'naked economic terrorism'

China accuses US of 'naked economic terrorism'

China accused the United States of "naked economic terrorism" on Thursday as Beijing ramps up the rhetoric in their trade war. The world's top two economies are at loggerheads as trade talks have apparently stalled, with US President Donald Trump hiking t
Published 31 May, 2019 12:00am
West Indies playing with Hope

West Indies playing with Hope

Jason Holder sounded a warning for West Indies' World Cup opponents ahead of their opening game against Pakistan on Friday, saying his team are playing with a smile on their faces. The two-times world champions had to battle to reach the World Cup in Engl
Published 31 May, 2019 12:00am
Mohammad Amir fit for World Cup debut, says Sarfraz

Mohammad Amir fit for World Cup debut, says Sarfraz

Pace spearhead Mohammad Amir is fit and available for selection for Pakistan's opening World Cup match against the West Indies on Friday, captain Sarfraz Ahmed said. There was speculation that the 27-year-old, who missed the last four matches of the one-d
Published 31 May, 2019 12:00am
Mardan Club win Ramadan Games Floodlight Football

Mardan Club win Ramadan Games Floodlight Football

Mardan club clinched the title after defeating Rashakai Club 1-0 in the final of the Ramazan Games Floodlight Football played at Mardan Sports Complex under the aegis of Regional Sports Officer Mardan on Thursday.
Published 31 May, 2019 12:00am
CM Punjab extends good wishes to Pakistan

CM Punjab extends good wishes to Pakistan

Punjab Chief Minister Sardar Usman Buzdar has expressed good wishes for the success of national cricket team. In his message on the start of ICC cricket world cup matches, the CM said that his prayers are with the Pakistan cricket team. "I pray to Almight
Published 31 May, 2019 12:00am
Stokes stars as England thrash South Africa in World Cup opener

Stokes stars as England thrash South Africa in World Cup opener

Ben Stokes produced a fine all-round display as England began their quest to win the World Cup with a 104-run thrashing of South Africa in the tournament opener at the Oval on Thursday. The all-rounder top-scored with 89 in England's 311 for eight, held a
Published 31 May, 2019 12:00am
Osaka survives as big daddy Djokovic and Serena stroll

Osaka survives as big daddy Djokovic and Serena stroll

Naomi Osaka staged a second successive Roland Garros great escape on Thursday as fellow top seed Novak Djokovic and Serena Williams strolled into the last 32. World number one Osaka, bidding to add the French Open to her US and Australian Open titles, cam
Published 31 May, 2019 12:00am
China strips South Korea of football trophy for 'indecent' celebrations

China strips South Korea of football trophy for 'indecent' celebrations

South Korea's victorious under-18 team were stripped of the Panda Cup on Thursday after they infuriated hosts China with their celebrations. The Koreans had already apologised to "all the people in China" after a picture emerged of a player with his foot
Published 31 May, 2019 12:00am
Dollar up against rivals in Asia
Exchange

Dollar up against rivals in Asia

The dollar held up against its key rivals on Thursday after fears of an escalation in the Sino-US trade standoff forced investors to take shelter in safe-haven assets, including government bonds. As the dispute between the world's two biggest economies sh
Published 31 May, 2019 12:00am
Dollar rises against basket of currencies in Europe
Currency

Dollar rises against basket of currencies in Europe

The dollar edged towards a one-week high on Thursday as trade tensions between China and the United States led investors to seek shelter. US money markets are pricing in roughly two interest rate cuts by January 2020 and the bond yield curve inverted furt
Published 31 May, 2019 12:00am
Dollar rises in NY amid US-China trade worries

Dollar rises in NY amid US-China trade worries

The dollar rose on Wednesday, even as investors focused on socking their money into bonds and gold - and to a lesser extent the yen and Swiss franc - with no end in sight in the trade tension between China and the United States. Investor jitters intensifi
Published 31 May, 2019 12:00am
Turkish lira jumps
Currency

Turkish lira jumps

Turkey's lira jumped about 2% on Thursday and was on track for its best day in nearly three weeks after the US and Turkish leaders spoke by phone and set up a late June meeting, raising hopes that strained diplomatic relations would ease.
Published 31 May, 2019 12:00am
Asian forex: South Korean won, Philippine peso up
Exchange

Asian forex: South Korean won, Philippine peso up

The South Korean won bounced back on Thursday on suspected intervention by foreign exchange authorities, though escalating Sino-US trade tensions curbed investors' appetite for riskier currencies. On Thursday, a Chinese diplomat said that provoking trade
Published 31 May, 2019 12:00am
Aussie steadies, kiwi slips

Aussie steadies, kiwi slips

The Australian dollar held steady in the face of poor economic data on Thursday, but only because the market had priced in so much bad news that bond yields were already at all-time lows on expectations of steep rate cuts.
Published 31 May, 2019 12:00am
PMEX daily trading report
Exchange

PMEX daily trading report

On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,838. The traded value of Metals, Energy and COTS/FX was recorded at PKR 12.210 billion and the number of lots traded 14,240. Major business was contributed by NSDQ100 amo
Published 31 May, 2019 12:00am
CBOT corn futures lower

CBOT corn futures lower

Chicago Board of Trade corn futures weakened on Wednesday, retreating from their highest in nearly three years on profit-taking, traders said. Concerns about reduced acreage and production shortfalls continued to underpin the market, limiting the declines
Published 31 May, 2019 12:00am
Asia's naphtha falls; gasoline hits three-month low

Asia's naphtha falls; gasoline hits three-month low

Asia's naphtha crack fell to a 12-week low of $14.43 a tonne on Wednesday while gasoline tumbled to below $1 a barrel, the lowest since February 25, dragged down by ample light distillates supplies. Naphtha arriving next month from the West including Euro
Published 31 May, 2019 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures climbed on Wednesday for the fourth straight session, as concerns about US planting delays buoyed soy prices. The canola market is also supported by limited farmer selling of last year's harvest, a trader said. Canola prices bo
Published 31 May, 2019 12:00am
Ukraine's grain exports rise
Vegetable Oil

Ukraine's grain exports rise

Ukraine's grain exports have risen to 46.1 million tonnes so far in the 2018/19 season compared with 36.4 million tonnes at the same point last season, the agriculture ministry said on Wednesday. Ukraine harvested a record 70 million tonnes of grain last
Published 31 May, 2019 12:00am
Paris wheat futures slightly lower

Paris wheat futures slightly lower

Paris wheat futures closed slightly lower on Wednesday, retreating from an earlier 4-1/2 month high as a weather-related rally in US grains lost momentum. Front-month September milling wheat on Euronext settled 0.50 euros, or 0.3%, lower at 184.25 euros (
Published 31 May, 2019 12:00am
US wheat futures fall

US wheat futures fall

US wheat futures fell on Wednesday on a profit-taking setback after rallying to its highest in 3-1/2 months. The most actively traded CBOT soft red winter wheat contract sagged 3.3 percent. The benchmark Chicago Board of Trade July soft red winter wheat c
Published 31 May, 2019 12:00am
China's soyameal futures rise
Exchange

China's soyameal futures rise

China's soyameal futures rose more than 3% in early trade, posting their biggest daily gain since June 2018, buoyed by strong US soyabean prices on delayed planting. The most actively traded soyameal futures traded on Dalian Commodity Exchange rallied 3.5
Published 31 May, 2019 12:00am
China's iron ore falls after slipping from record highs
Exchange

China's iron ore falls after slipping from record highs

China's iron ore benchmark fell on Wednesday, slipping from record highs hit in the past few sessions, after the Dalian Commodity Exchange (DCE) announced increases in transaction fees for some futures contracts. In a May 28 notice to its members, the DCE
Published 31 May, 2019 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 156,059 tonnes of cargo comprising 109,002 tonnes of import cargo and 47,057 tonnes of export cargo including 7,998 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargos of
Published 31 May, 2019 12:00am
Cotton prices steady on modest trade
Cotton

Cotton prices steady on modest trade

Cotton prices showed firmness on the local market on Thursday in the process of moderate trading activity, dealers said. The official spot rate was inert at Rs 8750, they added. Slight arrival was seen in the arrivals of the seed-cotton per 40kg from Lowe
Published 31 May, 2019 12:00am
CBOT soyabean rises for third straight session

CBOT soyabean rises for third straight session

US soyabean futures rose for the third session in a row on Wednesday, gaining 1.6 percent, as muddy fields and forecasts for more rain threatened to add to the delays that have stymied farmers' planting tasks throughout the spring, traders said. CBOT July
Published 31 May, 2019 12:00am
Brazil's 2019 coffee crop seen falling

Brazil's 2019 coffee crop seen falling

Brazilian farmers should produce 53 million 60-kg bags of coffee in 2019, lower than the 63 million bags produced in the previous season due to the off-year in the biennial production cycle, broker and consultancy INTL FCStone said on Wednesday. Despite t
Published 31 May, 2019 12:00am
Israel heads to new election after Netanyahu stumbles

Israel heads to new election after Netanyahu stumbles

Israeli Prime Minister Benjamin Netanyahu was confronted with one of the biggest defeats of his political career Thursday after failing to form a coalition and opting instead to hold an unprecedented second election. Israel will now head to the polls agai
Published 31 May, 2019 12:00am
Google access eased during Tusk Tajikistan visit

Google access eased during Tusk Tajikistan visit

Ex-Soviet Tajikistan appeared to unblock several popular websites and Google services during European Council President Donald Tusk's visit to the country as part of a regional tour Thursday. Tusk was holding talks with veteran Tajik leader Emomali Rakhmo
Published 31 May, 2019 12:00am
Austria gets first female chancellor
Exchange

Austria gets first female chancellor

Austrian President Alexander Van der Bellen appointed the head of the country's consitutional court as Austria's first female chancellor Thursday to lead an interim government until elections later in the year. Brigitte Bierlein will now be tasked with fo
Published 31 May, 2019 12:00am
Six dead in IS-claimed blast at Kabul military academy

Six dead in IS-claimed blast at Kabul military academy

At least six people were killed and 16 more wounded in a suicide blast outside a military academy in the Afghan capital on Thursday, an official said. The attack, which was claimed by the Islamic State group, targeted students leaving the Marshal Fahim Na
Published 31 May, 2019 12:00am
China says US 'playing with fire' over Taiwan

China says US 'playing with fire' over Taiwan

The United States "is playing with fire" over Taiwan, Beijing said Thursday, after recent US moves related to the self-ruled island - including the transit of warships through the Taiwan Strait. The United States diplomatically recognises China over Taiwa
Published 31 May, 2019 12:00am
Turkey frees US scientist but tensions remain
Currency

Turkey frees US scientist but tensions remain

Turkey on Wednesday released a NASA scientist with dual US-Turkish citizenship whose nearly three-year detention had soured relations, but the Nato allies remained divided over issues including Ankara's purchase of a Russian missile system. Serkan Golge,
Published 31 May, 2019 12:00am
Ukrainian parliament rejects PM's resignation

Ukrainian parliament rejects PM's resignation

Ukraine's parliament Thursday rejected the prime minister's resignation, despite new president Volodymyr Zelensky urging the government to quit their posts ahead of a snap election. Volodymyr Groysman, considered close to ex-president Petro Poroshenko, pr
Published 31 May, 2019 12:00am
Strong 6.6 magnitude earthquake rocks El Salvador: USGS

Strong 6.6 magnitude earthquake rocks El Salvador: USGS

A 6.6 magnitude earthquake struck off the coast of El Salvador on Thursday near the capital but authorities said there were no initial reports of casualties or damage. The quake was so strong it was likely felt throughout Central America, officials said.
Published 31 May, 2019 12:00am
Thousands protest in Brazil over education cuts

Thousands protest in Brazil over education cuts

Thousands of protesters took to the streets of Brazil's capital Thursday following calls for a second nationwide demonstration in as many weeks over the government's plan to slash education spending. Far-right President Jair Bolsonaro's government has pro
Published 31 May, 2019 12:00am
Trump admits, briefly, that Russia boosted his election

Trump admits, briefly, that Russia boosted his election

President Donald Trump acknowledged for the first time Thursday that Moscow helped him win the White House in 2016 - before retracting himself to launch a fiery attack on Robert Mueller and the Russia probe. "Russia, Russia, Russia! That's all you heard a
Published 31 May, 2019 12:00am
Trump says 'would not have' ordered hiding of USS John McCain

Trump says 'would not have' ordered hiding of USS John McCain

President Donald Trump said Thursday he "couldn't care less" whether a US Navy destroyer bears the name of his late rival John McCain, but insisted he would not have ordered hiding the vessel from view during his Japan trip. US media reported that efforts
Published 31 May, 2019 12:00am
US-UAE defence agreement comes into force

US-UAE defence agreement comes into force

The United States and the United Arab Emirates announced Wednesday that mutual defence cooperation agreement had come into force, amid increasing tensions between Washington and Tehran. "The DCA (Defence Cooperation Agreement) will enhance military coordi
Published 31 May, 2019 12:00am
Arab, Muslim leaders gather for Iran-focused summits

Arab, Muslim leaders gather for Iran-focused summits

Arab and Muslim leaders began gathering in the holy city of Makkah on Thursday for three summits, as host Saudi Arabia seeks to rally support against Iran after a series of attacks that have sparked fears of a regional conflagration. On the eve of the tal
Published 31 May, 2019 12:00am
Cotton prices settle higher on short-covering
Cotton

Cotton prices settle higher on short-covering

Cotton prices settled higher on Thursday, as investors covered their short positions in anticipation of the US weekly export sales data expected to release on May 31. The most active cotton contract on ICE Futures US, the July contract, settled up 0.29 ce
Published 31 May, 2019 12:00am
Copper prices sink as trade tensions flare
Exchange

Copper prices sink as trade tensions flare

Copper prices fell to their lowest level in nearly five months on Thursday after a Chinese diplomat ramped up rhetoric that could stoke the trade conflict between the United States and China and possibly erode metals demand. Provoking trade disputes is "n
Published 31 May, 2019 12:00am
Oil falls 4 percent on small US crude stock draw, trade war worries

Oil falls 4 percent on small US crude stock draw, trade war worries

Oil prices fell almost 4 percent to their lowest in over two months on a smaller-than-expected decline in US crude inventories and fears of a global economic slowdown due to the US-China trade war. The Energy Information Administration (EIA) said US crude
Published 31 May, 2019 12:00am
Tokyo rubber hits 2-1/2 months high
Exchange

Tokyo rubber hits 2-1/2 months high

Tokyo Commodity Exchange (TOCOM) futures rose to 2-1/2-month highs on Thursday, extending gains into a fifth session, as firmer physical prices in Thailand lent support amid worries over supply tightness, dealers said. The benchmark TOCOM rubber contract
Published 31 May, 2019 12:00am
Palm oil snaps 3-day rally on profit-taking
Exchange

Palm oil snaps 3-day rally on profit-taking

Malaysian palm oil futures fell 1% on Thursday, snapping a three-session rally on profit taking and slowing gains in other related edible oils. The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange closed at 2,084
Published 31 May, 2019 12:00am
Arabica coffee climbs to fresh 3-1/2 months high, sugar slips

Arabica coffee climbs to fresh 3-1/2 months high, sugar slips

Arabica coffee futures on ICE hit a new 3-1/2 month peak on Thursday in its third consecutive day of strong gains amid speculative short-covering, coffee quality issues in top-grower Brazil and a stronger Brazilian real. July arabica coffee settled up 2.8
Published 31 May, 2019 12:00am
Gold rises in New York

Gold rises in New York

Gold prices rose alongside other safe-haven assets on Wednesday as the trade rift between the United States and China showed no sign of cooling, with investors fearing a global economic slowdown. Spot gold rose 0.2% to $1,281.30 per ounce by 1:54 pm. EDT
Published 31 May, 2019 12:00am
Gold falls in Asia
Exchange

Gold falls in Asia

Gold prices eased to a one-week low on Thursday as investors opted for dollars and US government bonds as a hedge against trade tensions between the United States and China. Spot gold was down 0.2% at $1,276.72 per ounce by 0954 GMT, after falling to its
Published 31 May, 2019 12:00am
Gold gains in Europe
Exchange

Gold gains in Europe

Gold shook off headwinds from a stronger dollar to scale a near two-week peak on Thursday as data pointed to easing inflationary pressure in the United States, boosting expectations of a further interest rate cut by the Federal Reserve. Spot gold gained 0
Published 31 May, 2019 12:00am
US MIDDAY: corn resumes rally

US MIDDAY: corn resumes rally

US corn futures rose 2.2 percent on Thursday, bouncing back from some technical weakness on Wednesday as traders focused on the historic slow pace of planting in the Midwest. Prices, which hit their highest in nearly three years this week, needed to conti
Published 31 May, 2019 12:00am
US MIDDAY: gold rebounds to two-week peak
Exchange

US MIDDAY: gold rebounds to two-week peak

Gold shook off headwinds from a stronger dollar to scale a near two-week peak on Thursday as data pointed to easing inflationary pressure in the United States, boosting expectations of a further interest rate cut by the Federal Reserve. Spot gold gained 0
Published 31 May, 2019 12:00am
FPCCI chief urges PM to promote investment opportunities

FPCCI chief urges PM to promote investment opportunities

President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Engr Daroo Khan Achakzai urged the Prime Minister of Pakistan and the concerned agencies of public sector responsible for promotion of investment to set targets and distrib
Published 31 May, 2019 12:00am
Business leaders meet Hafeez Shaikh

Business leaders meet Hafeez Shaikh

The Presidents and representatives of Lahore, Faisalabad, Sialkot, Karachi and Federation of Chambers of Commerce and Industry held a meeting with Adviser to Prime Minister on Finance, Revenue and Economic Affairs, Dr Abdul Hafeez Shaikh on Thursday. The
Published 31 May, 2019 12:00am
Senate panel asks government to reconstitute NBF's BoG

Senate panel asks government to reconstitute NBF's BoG

Expressing anger over non-constitution of National Book Foundation (NBF) board of governors since 2013, a parliamentary panel on Thursday directed the government to reconstitute the board within six months. The Senate Functional Committee on Problems of L
Published 31 May, 2019 12:00am
Senate body for expediting Farishta's murder case probe

Senate body for expediting Farishta's murder case probe

Senate Standing Committee on Interior on Thursday called for expediting the 12-year-old girl Farishta's murder case probe and also vowed to work on reforms needed in the matter including the importance of quick filing of FIR, capacity building and trainin
Published 31 May, 2019 12:00am
Chinese team meets Dr Hafeez Shaikh

Chinese team meets Dr Hafeez Shaikh

A Chinese delegation of MCC International Incorporation Limited, led by its Vice President, Wang Zhou, called on Adviser to Prime Minister on Finance, Revenue and Economic Affairs, Dr Abdul Hafeez Shaikh. The Adviser briefed the delegation about the scope
Published 31 May, 2019 12:00am
Customs North Region collects Rs 3.89 billion in May

Customs North Region collects Rs 3.89 billion in May

The Federal Board of Revenue's Customs North Region has collected Rs 3.89 billion during May 2019 against the assigned target of Rs 3.1 billion, reflecting a healthy growth of 24 percent. According to details issued by the Customs Thursday, Customs (North
Published 31 May, 2019 12:00am
Sarwar meets outgoing Australian HC

Sarwar meets outgoing Australian HC

Punjab Governor Ch Muhammad Sarwar in a meeting with outgoing Australian High Commissioner Margaret Adamson, here on Thursday said there exist vast business opportunities in Pakistan and foreign investors are given conducive atmosphere for investment in P
Published 31 May, 2019 12:00am
Government urged not to withdraw zero rating regime
Exchange

Government urged not to withdraw zero rating regime

Pakistan Tanners Association (PTA) Chairman Agha Saiddain has termed any move to withdraw zero rating as imprudent and unthinking decision. Talking to Business Recorder, PTA Chairman said that withdrawal of zero rating at the cost of revenue collection wo
Published 31 May, 2019 12:00am
Wholesalers, distributors & retailers for rationalisation of WHT

Wholesalers, distributors & retailers for rationalisation of WHT

Wholesalers, distributors and retailers have expressed their disappointment with the approach of newly-appointed Chairman Federal Board of Revenue (FBR) Syed Shabbar Zaidi, saying that he was making no sincere efforts in rationalizing taxes despite having
Published 31 May, 2019 12:00am
BOP announces Q1 financial results

BOP announces Q1 financial results

A meeting of the Board of Directors of The Bank of Punjab was held on Wednesday to consider and approve the un-audited Financial Statements for the 1st quarter of year ended March 31, 2019. The meeting was presided by the Chairman of the Board, Dr Pervez
Published 31 May, 2019 12:00am
Sanaullah urges people to participate in anti-government movement

Sanaullah urges people to participate in anti-government movement

Slamming the PTI-led government for its failure on all fronts, Pakistan Muslim League-Nawaz (PML-N) Punjab President Rana Sanaullah has said that those who will not participate in anti-government movement are not well wishers of the country. Talking to me
Published 31 May, 2019 12:00am
PQFTL Easy Takaful online instant subscription launched

PQFTL Easy Takaful online instant subscription launched

Pak-Qatar Family Takaful announced the launch of its online instant subscription Easy Takaful plans via Pak-Qatar Family Takaful official website. Pak-Qatar Family Takaful is one of the first in the entire industry to launch it.
Published 31 May, 2019 12:00am
PQFTL Easy Takaful online instant subscription launched

PQFTL Easy Takaful online instant subscription launched

Pak-Qatar Family Takaful announced the launch of its online instant subscription Easy Takaful plans via Pak-Qatar Family Takaful official website. Pak-Qatar Family Takaful is one of the first in the entire industry to launch it.
Published 31 May, 2019 12:00am
'6.515 million bags of 10kg flour provided to 309 Ramazan Bazaars'

'6.515 million bags of 10kg flour provided to 309 Ramazan Bazaars'

Punjab government has so far provided over 6.515 million bags of 10 kilogram flour to the 309 Ramazan Bazaars established across the province out of which over 5.164 million bags have been sold at a price of Rs 290 per bag. According to a monitoring repor
Published 31 May, 2019 12:00am
PTCL partners with Daraz

PTCL partners with Daraz

Pakistan Telecommunication Company Limited (PTCL), the country's largest telecom services provider, collaborated with Daraz, Pakistan's biggest e-commerce platform, to offer exclusive Daraz shopping vouchers to PTCL customers. This initiative provides dis
Published 31 May, 2019 12:00am
Qureshi, Indonesian FM discuss bilateral ties
Exchange

Qureshi, Indonesian FM discuss bilateral ties

Foreign Minister Shah Mahmood Qureshi met with the Foreign Minister of Indonesia, Retno Marsudi, on the sidelines of the OIC Council of Foreign Ministers (CFM) meeting in Jeddah. Qureshi conveyed his felicitations on the re-election of President Joko Wido
Published 31 May, 2019 12:00am
Huawei founder reiterates company's strong position

Huawei founder reiterates company's strong position

In his latest meeting with the media, Huawei founder Ren Zhengfei has reiterated that the company is in a strong position to move ahead despite recent political actions in the United States.
Published 31 May, 2019 12:00am
Punjab government to develop dementia plan on priority

Punjab government to develop dementia plan on priority

The Punjab government has included dementia in its list of priority disease areas and a Provincial Dementia Plan is currently being developed to achieve tangible actions required to improve the lives of people with dementia, their families and care-partne
Published 31 May, 2019 12:00am
Russia imposes ban on grain: APCEA chief

Russia imposes ban on grain: APCEA chief

Russia has reportedly imposed a ban on Pakistani grain after finding Kepra Beetle in a consignment of rice with phyto sanitary certificate of national organization of quarantine duly issued by Pakistan's official agency. This was disclosed by Manzoor Ella
Published 31 May, 2019 12:00am
Jaccobabad sizzles with 49° Celsius

Jaccobabad sizzles with 49° Celsius

Jaccobabad sizzled with 49 degrees Celsius as hot weather scorched parts of the country on Thursday, according to the Met Office. Dadu, Mohenjo-Daro and Larkana witnessed as high as 48 degrees Celsius, each, Rahim Yar Khan, Sibbi, Noorpur Thal, Rohri, Bah
Published 31 May, 2019 12:00am
PIA raises salaries of low paid outsourced employees

PIA raises salaries of low paid outsourced employees

The PIA management has increased the salaries of out sourced employees working through contractor. PIA spokesman said on Wednesday. PIA spokesman said that to celebrate the Eid-ul-Fitr the required funds have been released to the contractor for distributi
Published 31 May, 2019 12:00am
SHCBA slams reference filed against Justice Qazi Isa

SHCBA slams reference filed against Justice Qazi Isa

Sindh High Court Bar Association (SHCBA) on Thursday adopted a resolution against the reference filed in Supreme Judicial Council (SJC) against Qazi Faez Isa, judge of Supreme Court (SC). Resolution unanimously condemned the reference at general body meet
Published 31 May, 2019 12:00am
IMSciences to facilitate Chinese companies in CPEC projects

IMSciences to facilitate Chinese companies in CPEC projects

The Institute of Management Sciences - IMSciences in collaboration with Feiyun Culture Co, Ltd held a Listing Ceremony of Feiyun Culture & IMSciences Industry Talent Training Base under the CPEC Industry-Government-Academia Consortium. Representatives fro
Published 31 May, 2019 12:00am
BMP chief for promoting intra-OIC trade

BMP chief for promoting intra-OIC trade

Chairman, Businessmen Panel (BMP), Mian Anjum Nisar, has urged the Organisation of Islamic Cooperation (OIC) to promote trade within the bloc and stressed on the need to eliminate bottlenecks in this regard. He said that Pakistan should actively pursuing
Published 31 May, 2019 12:00am
Government's LPG policy lauded

Government's LPG policy lauded

Liquefied Petroleum Gas (LPG) Industries Association of Pakistan Founder/Chairman Irfan Khokhar has said that due to better policies of government and reduction of LPG prices in the international market, the LPG will be available to the domestic and comme
Published 31 May, 2019 12:00am
Minister pays maiden visit to NUST

Minister pays maiden visit to NUST

Federal Minister for Science & Technology (MoST), Chaudhry Fawad Hussain, paid a visit to National Centre of Artificial Intelligence (NCAI) at the main campus of National University of Sciences & Technology (NUST) here on Wednesday. Upon arrival, the mini
Published 31 May, 2019 12:00am
2019-2022: Pakistan re-elected to governing councils of APDIM & SIAP

2019-2022: Pakistan re-elected to governing councils of APDIM & SIAP

Pakistan has been re-elected to the governing councils of Asia Pacific Center for Development of Disaster Information Management (APDIM) and Statistical Institute for Asia and the Pacific (SIAP) for the term 2019-2022. Elections were held on Thursday duri
Published 31 May, 2019 12:00am
FM meets OIC Secretary General

FM meets OIC Secretary General

Foreign Minister Shah Mahmood Qureshi had a meeting with Yousef Al-Othaimeen, Secretary General of OIC, on the sidelines of the meeting of OIC's Council of Foreign Ministers (CFM), in Jeddah. Qureshi congratulated the secretary general and the secretariat
Published 31 May, 2019 12:00am
HCSTSI for abolishing of RD on local tyre units

HCSTSI for abolishing of RD on local tyre units

The President Hyderabad Chamber of Small Traders and Small Industry (HCSTSI) Farooq Sheikhani has demanded the govt to abolish regularity duty on unnecessary items particularly on local tyre manufacturing. He said that tyre prices have been increased up t
Published 31 May, 2019 12:00am
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