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Apr 29, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2019-06-05
PM praises army's decision

PM praises army's decision

The following is the full text of Prime Minister Imran Khan's tweet: "I appreciate Pak Mil's unprecedented voluntary initiative of stringent cuts in their defence expenditures for next FY bec of our critical financial situation, despite multiple security
Published 05 Jun, 2019 12:00am
PM praises army's decision

PM praises army's decision

The following is the full text of Prime Minister Imran Khan's tweet: "I appreciate Pak Mil's unprecedented voluntary initiative of stringent cuts in their defence expenditures for next FY bec of our critical financial situation, despite multiple security
Published 05 Jun, 2019 12:00am
The Weather

The Weather

The weather report on Tuesday (June 04, 2019) and the forecast for Wednesday (June 05, 2019).

Published 05 Jun, 2019 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 05 Jun, 2019 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 05 Jun, 2019 12:00am
Euronext wheat futures fall
Exchange

Euronext wheat futures fall

Euronext wheat futures fell on Tuesday, under pressure from a slide in US prices and farmer selling in France following recent market rises. Front-month September milling wheat on the Paris-based Euronext exchange was down 2.50 euros, or 1.3%, at 182.75 e
Published 05 Jun, 2019 12:00am
Escalating trade war keeps copper pinned at five-month lows
Exchange

Escalating trade war keeps copper pinned at five-month lows

Copper prices hovered near a five-month low on Tuesday as an escalation of the US-China trade war reinforced concern about demand for industrial metals while the weaker dollar provided some support. China on Tuesday warned that its companies operating in
Published 05 Jun, 2019 12:00am
Russia's oil output falls to three-year low

Russia's oil output falls to three-year low

Russia's average daily oil output has dropped to a three year-low after contaminated crude clogged its main export route. Average oil output was 10.87 million barrels per day (bpd) on June 1-3, down from an average of 11.11 million bpd in May, two sources
Published 05 Jun, 2019 12:00am
Oil bounces off four-month low, turns positive as stocks rally

Oil bounces off four-month low, turns positive as stocks rally

Oil prices turned positive on Tuesday, tracking a rally in global stock markets, with Brent crude recovering from a four-month low touched earlier in the session. World stocks rallied after comments from US Federal Reserve Chairman Jerome Powell drove exp
Published 05 Jun, 2019 12:00am
Tokyo rubber ends steady
Exchange

Tokyo rubber ends steady

Tokyo Commodity Exchange (TOCOM) futures ended steady on Tuesday, with investors staying on the sidelines, as higher physical prices in top producer Thailand were offset by a lack of progress in the prolonged Sino-US trade war. The benchmark TOCOM rubber
Published 05 Jun, 2019 12:00am
Palm oil up, tracks stronger soyaoil
Exchange

Palm oil up, tracks stronger soyaoil

Malaysian palm oil futures rose after three sessions of losses in early trade on Tuesday, tracking a recovery in soyaoil on the US Chicago Board of Trade. Benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was last
Published 05 Jun, 2019 12:00am
Raw sugar climbs to one-month high, arabica coffee up
Currency

Raw sugar climbs to one-month high, arabica coffee up

Raw sugar futures on ICE climbed to a one-month high on Tuesday while arabica coffee also advanced with both markets boosted by a strengthening in Brazil's real currency. July raw sugar rose 0.10 cent, or 0.8%, to 12.29 cents per lb by 1400 GMT after sett
Published 05 Jun, 2019 12:00am
Gold jumps to over three-month peak in New York
Exchange

Gold jumps to over three-month peak in New York

Gold climbed more than 1.5% on Monday to its highest level in more than three months on concerns that US-Chinese trade tensions and Washington's threat of tariffs on Mexico would hurt the global economy. Spot gold climbed 1.4% to $1,323.62 per ounce by 2:
Published 05 Jun, 2019 12:00am
Gold edges up in Asia
Exchange

Gold edges up in Asia

Gold prices edged up on Tuesday, hovering near a three-month high hit in the previous session, as global slowdown worries driven by trade conflicts amid expectations of a US interest rate cut stoked investors towards the safe-haven bullion. Spot gold was
Published 05 Jun, 2019 12:00am
Gold steadies in European trade
Exchange

Gold steadies in European trade

Gold on Tuesday steadied below a three-month peak on news China was open to negotiating a resolution of its trade dispute with the United States, while rising expectations that the US Federal Reserve will cut interest rates provided underlying support. Ch
Published 05 Jun, 2019 12:00am
US MIDDAY: corn, soya rise on USDA report

US MIDDAY: corn, soya rise on USDA report

Chicago corn rose on Tuesday to last week's three-year highs after the US Department of Agriculture said US planting was well behind the average pace for this time of year after repeated rainfall. Soyabeans also rose as rain also slowed US sowings, accord
Published 05 Jun, 2019 12:00am
US MIDDAY: gold trades near three-month peak
Exchange

US MIDDAY: gold trades near three-month peak

Gold prices eased after hitting a three-month peak on Tuesday on news China was open to negotiating a resolution of its trade dispute with the United States, while rising expectations that the US Federal Reserve will cut interest rates provided underlying
Published 05 Jun, 2019 12:00am
North Korea's Mass Games return but Kim unhappy

North Korea's Mass Games return but Kim unhappy

Tens of thousands of performers in Pyongyang took part in the first of North Korea's spectacular "Mass Games" propaganda displays for 2019, but the show left leader Kim Jong Un unimpressed. The "Grand Mass Gymnastics and Artistic Performance" features eno
Published 05 Jun, 2019 12:00am
Kohli ready to rotate his bowlers at World Cup

Kohli ready to rotate his bowlers at World Cup

India captain Virat Kohli is prepared to vary his World Cup attack by adopting a 'horses for courses' strategy that seeks to make the most of the different conditions on offer during the one-day tournament in England and Wales. India, the world's number-t
Published 05 Jun, 2019 12:00am
Sri Lanka collapse against Afghanistan in World Cup

Sri Lanka collapse against Afghanistan in World Cup

Mohammad Nabi ran through a panic-stricken Sri Lanka top order in the World Cup on Tuesday as Afghanistan bowled their struggling opponents out for 201 in a rain-affected match in Cardiff. Sri Lanka came out of the blocks quickly under leaden skies, reach
Published 05 Jun, 2019 12:00am
World Cup players attend Eid prayers

World Cup players attend Eid prayers

South Africa cricketers Hashim Amla and Imran Tahir attended Eid prayers at a Southampton mosque on Tuesday ahead of their team's crucial World Cup clash against India. The two players were warmly greeted by fellow worshippers, with selfie-seekers making
Published 05 Jun, 2019 12:00am
China to host 'launchpad' 2023 Asian Cup

China to host 'launchpad' 2023 Asian Cup

Asia's football chief Sheikh Salman bin Ebrahim al-Khalifa said Tuesday that China's staging of the 2023 Asian Cup would serve as a "launchpad" for the country's teams of the future. China was confirmed earlier Tuesday as host at the AFC's Extraordinary C
Published 05 Jun, 2019 12:00am
Seven Valladolid players paid to lose match

Seven Valladolid players paid to lose match

Seven players of Spanish first division side Real Valladolid were paid by a recently dismantled match-fixing gang to deliberately lose their final match of the season against Valencia, daily newspaper El Mundo reported Tuesday. Valencia beat Valladolid 2-
Published 05 Jun, 2019 12:00am
Konta first British woman in 36 years to reach Roland Garros semis

Konta first British woman in 36 years to reach Roland Garros semis

Johanna Konta became the first British woman in 36 years to reach the Roland Garros semi-finals when she swept past Sloane Stephens of the United States on Tuesday. Konta, the 26th seed, downed last year's runner-up 6-1, 6-4 and will face either Czech tee
Published 05 Jun, 2019 12:00am
Neymar's mother urges son to 'forgive' rape accuser

Neymar's mother urges son to 'forgive' rape accuser

Neymar's mother has urged her Brazilian football star son to "forgive" the woman who accused him of rape and "return to Jesus," in a message published Tuesday on Instagram. Nadine Goncalves' plea, which featured a photo of herself with Neymar and his sist
Published 05 Jun, 2019 12:00am
Agencies limit coverage over FIFA copyright claim

Agencies limit coverage over FIFA copyright claim

News agencies including Agence France-Presse are reducing coverage of the inaugural FIFA women's football convention beginning Thursday because the football body insists it owns the copyright to content produced by the agencies. The News Media Coalition s
Published 05 Jun, 2019 12:00am
England pair fined for breaching ICC code

England pair fined for breaching ICC code

Jason Roy and Jofra Archer have each been fined 15 percent of their match fees for incidents during England's World Cup defeat by Pakistan at Trent Bridge. The International Cricket Council found opener Roy had breached level one of its code of conduct, u
Published 05 Jun, 2019 12:00am
South African economy contracts by 3.2 percent

South African economy contracts by 3.2 percent

South Africa's economy contracted sharply in the first quarter of 2019, the national statistics authority said Tuesday, piling pressure on President Cyril Ramaphosa's newly elected administration. According to Stats SA, gross domestic product (GDP) for Af
Published 05 Jun, 2019 12:00am
Eurozone inflation falls sharply amid slowdown fears
Currency

Eurozone inflation falls sharply amid slowdown fears

Eurozone inflation dropped sharply in May, data showed on Tuesday, raising the spectre of a global economic slowdown sparked by a Washington-led trade war. The inflation data landed amid financial market turbulence with worries increasing that the world e
Published 05 Jun, 2019 12:00am
Australia cuts rates to historic low as economy slows

Australia cuts rates to historic low as economy slows

Australia's central bank lowered the cost of borrowing for the first time in three years on Tuesday, hoping to extend a record 28-year-run without a recession in the face of stiffening economic headwinds. The Reserve Bank of Australia cut rates by 25 basi
Published 05 Jun, 2019 12:00am
Good chance of avoiding tariffs in US talks: Mexico

Good chance of avoiding tariffs in US talks: Mexico

Mexico's foreign minister on Tuesday predicted that negotiations to avoid punishing tariffs threatened by US President Donald Trump have an 80 percent probability of success. Trump put the Mexican government on notice last week - and reiterated his demand
Published 05 Jun, 2019 12:00am
Good chance of avoiding tariffs in US talks: Mexico

Good chance of avoiding tariffs in US talks: Mexico

Mexico's foreign minister on Tuesday predicted that negotiations to avoid punishing tariffs threatened by US President Donald Trump have an 80 percent probability of success. Trump put the Mexican government on notice last week - and reiterated his demand
Published 05 Jun, 2019 12:00am
Airtel seeks $750 million from Africa unit's IPO
Exchange

Airtel seeks $750 million from Africa unit's IPO

India's debt-laden telecoms giant Bharti Airtel hopes to raise $750 million when it lists its African unit on the London Stock Exchange, the company said Tuesday. Airtel has taken a battering since Asia's richest man Mukesh Ambani launched the rival Relia
Published 05 Jun, 2019 12:00am
Airtel seeks $750 million from Africa unit's IPO
Exchange

Airtel seeks $750 million from Africa unit's IPO

India's debt-laden telecoms giant Bharti Airtel hopes to raise $750 million when it lists its African unit on the London Stock Exchange, the company said Tuesday. Airtel has taken a battering since Asia's richest man Mukesh Ambani launched the rival Relia
Published 05 Jun, 2019 12:00am
US manufacturing struggling as orders, shipments decline

US manufacturing struggling as orders, shipments decline

New orders for US-made goods fell in April and shipments dropped by the most in two years, indicating continued weakness in manufacturing activity that could undercut the broader economy. Factory goods orders declined 0.8%, pulled down by soft demand for
Published 05 Jun, 2019 12:00am
Russia's Rosneft stands by Venezuela investments

Russia's Rosneft stands by Venezuela investments

The chief of Russian oil giant Rosneft on Tuesday assured shareholders that the company expects its Venezuelan state-owned partner PDVSA to keep up production levels despite the deep crisis in the country.
Published 05 Jun, 2019 12:00am
Eurozone bond yields tumble on global rate-cut talk, weak inflation

Eurozone bond yields tumble on global rate-cut talk, weak inflation

A stellar rally in euro zone bond markets extended to riskier Italian and longer-dated maturities on Tuesday on growing speculation of rate cuts from major central banks and data showing inflation in the bloc has slowed more than expected.
Published 05 Jun, 2019 12:00am
Eurozone bond yields tumble on global rate-cut talk, weak inflation

Eurozone bond yields tumble on global rate-cut talk, weak inflation

A stellar rally in euro zone bond markets extended to riskier Italian and longer-dated maturities on Tuesday on growing speculation of rate cuts from major central banks and data showing inflation in the bloc has slowed more than expected.
Published 05 Jun, 2019 12:00am
Tuesday's early trade: Wall Street rebounds on rate-cut hopes

Tuesday's early trade: Wall Street rebounds on rate-cut hopes

US stocks rose on Tuesday, led by a rebound in the technology sector, as Federal Reserve Chair Jerome Powell said the central bank would act "as appropriate" to trade war risks, leaving the door open for a possible rate cut. A day after St. Louis Fed chie
Published 05 Jun, 2019 12:00am
Nasdaq confirms correction as Facebook, Alphabet, Amazon drag
Exchange

Nasdaq confirms correction as Facebook, Alphabet, Amazon drag

The Nasdaq tumbled 1.6% on Monday, confirming a correction as it was dragged down by Alphabet, Facebook and Amazon.com on fears the companies are the targets of US government antitrust regulators. While the sell-off in the internet heavyweights was the bi
Published 05 Jun, 2019 12:00am
Nikkei nearly flat

Nikkei nearly flat

Japan's Nikkei ended nearly flat in choppy trade on Tuesday as festering trade tensions and a stronger yen curbed risk appetite, while extended losses for index-heavy SoftBank Group added to the overall pressure on the market.
Published 05 Jun, 2019 12:00am
US bond market rally carries on

US bond market rally carries on

US Treasury yields fell to their lowest levels since September 2017 on Monday as investors piled more cash into low-risk debt to seek protection from market volatility due to growing trade conflicts between the United States and its trade partners.
Published 05 Jun, 2019 12:00am
US bond market rally carries on

US bond market rally carries on

US Treasury yields fell to their lowest levels since September 2017 on Monday as investors piled more cash into low-risk debt to seek protection from market volatility due to growing trade conflicts between the United States and its trade partners.
Published 05 Jun, 2019 12:00am
Indian shares lower

Indian shares lower

Indian shares closed lower on Tuesday as investors awaited the central bank's policy meeting decision later this week, weighed down by technology stocks. The broader NSE index fell 0.55% to 12,021.65, while the benchmark BSE index settled 0.46% lower at 4
Published 05 Jun, 2019 12:00am
China stocks end lower on trade war stalemate
Exchange

China stocks end lower on trade war stalemate

China stocks closed lower on Tuesday as Beijing and Washington exchanged criticism over technological transfer and trade, showing little signs of resolving the year-long tariff dispute. At the close, the Shanghai Composite index was down 1% at 2,862.28 po
Published 05 Jun, 2019 12:00am
Tech selloff spreads to European stocks, carmakers up

Tech selloff spreads to European stocks, carmakers up

European shares fell on Tuesday as US antitrust action against Google and other major technology companies drove peers in the region lower, although a boost from automakers capped losses. Europe's main STOXX 600 was down 0.3% by 0825 GMT tracking losses o
Published 05 Jun, 2019 12:00am
Southeast Asian stocks most higher

Southeast Asian stocks most higher

Most Southeast Asian stock markets closed higher on Tuesday as central banks across the globe tilt towards monetary easing in the wake of an intensifying US-China trade war and weak economic indicators. Australia's central bank cut its cash rate to a reco
Published 05 Jun, 2019 12:00am
FTSE 100 lower as drugmakers, Shell weaken; Hargreaves tumbles

FTSE 100 lower as drugmakers, Shell weaken; Hargreaves tumbles

Losses for healthcare and oil stocks pushed London's FTSE 100 marginally lower on Tuesday as worries about trade and economic growth continued to dominate markets, while money manager Hargreaves Lansdown was hit by the suspension of one of the Woodford in
Published 05 Jun, 2019 12:00am
Forint leads gains, Polish inflation creeps up
Currency

Forint leads gains, Polish inflation creeps up

The Hungarian forint rose on Tuesday, helped by technical factors, and as a slight pickup in Polish inflation supported currencies across Central Europe. While euro zone inflation slowed more than expected in May data showed on Tuesday, annual inflation i
Published 05 Jun, 2019 12:00am
Mexican peso bounces up on hopes of deal on US migration
Currency

Mexican peso bounces up on hopes of deal on US migration

Mexico's peso bounced up after a big two-day slide, as Mexico reported progress on talks with Washington to avoid tariffs, while other regional currencies firmed after a speech by Federal Reserve Chair Jerome Powell made some investors believe a rate cut
Published 05 Jun, 2019 12:00am
Dollar sags in Asia
Currency

Dollar sags in Asia

The dollar struggled to shake off a harsh overnight session, slipping to a five-month low against the yen on Tuesday, hurt by a sharp slide in US Treasury yields thanks to rising bets for a near-term rate cut by the Federal Reserve. The benchmark 10-year
Published 05 Jun, 2019 12:00am
Dollar drops in Europe as rate cut bets mount
Currency

Dollar drops in Europe as rate cut bets mount

The US dollar weakened to its lowest since mid-April on Tuesday as investors bet the Federal Reserve could soon cut interest rates, while concerns about global growth encouraged investors to buy the safe-haven yen. The euro rose on the back of dollar weak
Published 05 Jun, 2019 12:00am
Serbia buys euros to stem dinar gains
Currency

Serbia buys euros to stem dinar gains

Serbia's central bank bought euros on the local interbank market on Tuesday to stem gains by the dinar against the common currency. "Over the past several days, non-residents (investors) have been selling foreign currencies in larger amounts and purchasin
Published 05 Jun, 2019 12:00am
Most Asian currencies up
Exchange

Most Asian currencies up

Most Asian currencies strengthened on Tuesday as the dollar struggled in the face of falling Treasury yields and growing expectations of a near-term interest rate cut by the Federal Reserve. The dollar slipped to a five-month low against the yen earlier,
Published 05 Jun, 2019 12:00am
Canadian dollar rallies to six-day high
Currency

Canadian dollar rallies to six-day high

The Canadian dollar strengthened to a nearly one-week high against its US counterpart on Monday as rising expectations of a Federal Reserve interest rate cut this year weighed on the greenback. The US dollar tumbled against a basket of major currencies af
Published 05 Jun, 2019 12:00am
Australian dollar weathers RBA cut
Currency

Australian dollar weathers RBA cut

The Australian dollar held its ground on Tuesday after the country's central bank delivered a well flagged cut in interest rates, while investors were already wagering on even larger reductions in US rates over the next year or so.
Published 05 Jun, 2019 12:00am
Sterling little moved by Trump's offer of post-Brexit trade deal

Sterling little moved by Trump's offer of post-Brexit trade deal

The pound recovered on Tuesday but concerns about a disorderly departure from the EU meant gains were minimal, amid promises from US President Donald Trump of a "phenomenal" post-Brexit trade deal. The pound has dropped for four straight weeks, hit by wor
Published 05 Jun, 2019 12:00am
Silence, US tensions mark Tiananmen 30th anniversary in China
Exchange

Silence, US tensions mark Tiananmen 30th anniversary in China

Beijing marked 30 years since the deadly Tiananmen crackdown on Tuesday with a wall of silence and extra security, as the anniversary turned into a diplomatic slugfest between the United States and China. Police checked the identification cards of every t
Published 05 Jun, 2019 12:00am
Apps, social media fuel 'booming' online prostitution

Apps, social media fuel 'booming' online prostitution

Apps like Facebook and Tinder are fuelling the "soaring industry" of online prostitution and sexual exploitation, according to a worldwide study published by a French anti-prostitution group on Tuesday. Prostitution has moved "from the street to the Inter
Published 05 Jun, 2019 12:00am
Four dead in 'devastating' northern Australia shooting

Four dead in 'devastating' northern Australia shooting

Four people are dead and one person injured in Australia after a gunman opened fire late Tuesday in the northern city of Darwin, authorities said. A 45-year-old man has been taken into custody and Northern Territory (NT) police say there are no further pu
Published 05 Jun, 2019 12:00am
US tightens Cuba sanctions, ends group travel
Exchange

US tightens Cuba sanctions, ends group travel

The Trump administration banned group educational travel to Cuba on Tuesday, cutting off one of the main avenues for Americans to visit the Caribbean island. In a move to punish what it called Cuba's "destabilizing role" in the region, the US Treasury als
Published 05 Jun, 2019 12:00am
Ukraine's new leader asks Europe to pressure Russia to end war

Ukraine's new leader asks Europe to pressure Russia to end war

Ukraine's new President Volodymyr Zelensky vowed to press Europe to step up pressure on Russia to end the war in his country's east, as he arrived in Brussels on Tuesday for his first foreign trip as leader. The former comedian who crushed incumbent Petro
Published 05 Jun, 2019 12:00am
Sudan protesters reject army election plan after deadly crackdown

Sudan protesters reject army election plan after deadly crackdown

Sudan's protest movement called Tuesday for fresh rallies and rejected the military rulers' election plan after more than 35 people were killed in what demonstrators called a "bloody massacre" by security forces. Protest leaders called on their supporters
Published 05 Jun, 2019 12:00am
Taliban detain Afghan peace marchers

Taliban detain Afghan peace marchers

Afghan peace protesters marching through Taliban territory have been detained by the insurgents, two supporters of the movement told AFP on Tuesday. The so-called People's Peace Movement attracted international attention last year when they walked across
Published 05 Jun, 2019 12:00am
Asia, US boost global plastic output

Asia, US boost global plastic output

Despite widespread alarm on the environmental cost, Asia and the United States lifted world production of plastic last year while Europe saw a dip, the PlasticsEurope federation said Tuesday. Voicing concern over US imports, the federation noted global ou
Published 05 Jun, 2019 12:00am
Erdogan says no backtracking on S-400 deal with Russia

Erdogan says no backtracking on S-400 deal with Russia

President Recep Tayyip Erdogan on Tuesday said Turkey would not withdraw from a deal made with Russia to buy an S-400 missile defence system despite US threats of "devastating" consequences. Ankara's desire to buy the S-400 has been a major source of cont
Published 05 Jun, 2019 12:00am
Maryam not allowed to see her father on Eid day

Maryam not allowed to see her father on Eid day

Pakistan Muslim League-Nawaz (PML-N) leader Maryam Nawaz was not allowed to see her ailing father in Kot Lakhpat prison on Eid day (Wednesday). In a tweet, Maryam lashed out at the incumbent government saying: "What we are facing today, they will face thi
Published 05 Jun, 2019 12:00am
HESCO control cell to address power outage complaints on Eid holidays

HESCO control cell to address power outage complaints on Eid holidays

Hyderabad Electric Supply Company has established a central complaint cell its headquarters to receive and address the consumers' complaints from 13 districts of the region promptly during Eid holidays. The cell has been established on the directives of t
Published 05 Jun, 2019 12:00am
Pakistan Navy to celebrate 'World Environment Day'

Pakistan Navy to celebrate 'World Environment Day'

World Environment Day under the ambit of United Nations will be celebrated on 5th of June every year to raise awareness about the significance of healthy and green environment. It aims to promote environmental measures for improving the quality of life, e
Published 05 Jun, 2019 12:00am
Tent villages, camping pods open in KP on Eid

Tent villages, camping pods open in KP on Eid

The government of Khyber Pakhtunkhwa on Tuesday opened the camping pods and tent villages at scenic tourist spots in Khyber Pakhtunkhwa on the eve of Eid-ul-Fitr to facilitate tourists during the ongoing peak tourism season in the province. The 2-4 beds c
Published 05 Jun, 2019 12:00am
Looted money to be brought back from corrupt elements: minister

Looted money to be brought back from corrupt elements: minister

Minister for Communication and Postal Services, Murad Saeed on Monday pledged to spend national money on welfare of poor masses of the country. Talking to a private news channel, the minister vowed that the looted money would be brought back from the corr
Published 05 Jun, 2019 12:00am
Pakistan LNG seeks 240 cargoes for 10-year delivery period

Pakistan LNG seeks 240 cargoes for 10-year delivery period

Pakistan LNG Ltd, a subsidiary of state-owned Government Holdings Ltd, is seeking to buy 240 liquefied natural gas (LNG) cargoes for delivery over a 10-year period, a document on the company's website showed It is seeking two cargoes a month of 140,000 cu
Published 05 Jun, 2019 12:00am
'FBR should be given realistic target for next fiscal year'

'FBR should be given realistic target for next fiscal year'

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said Federal Board of Revenue (FBR) should be given realistic target for the next fiscal year. IMF's conditions have resulted in the contraction of the economy to the tu
Published 05 Jun, 2019 12:00am
'World Environment Day' to be observed worldwide today

'World Environment Day' to be observed worldwide today

Coinciding with the Islamic festival of Eid-ul-Fitr, the World Environment Day is being celebrated across the globe today (Wednesday) to highlight the serious environmental issues being faced globally. The World Environment Day (WED), celebrated each year
Published 05 Jun, 2019 12:00am
Over 50 prisoners released after remission

Over 50 prisoners released after remission

Fifty-one prisoners have been released from different jails after Punjab Chief Minister Sardar Usman Buzdar accorded special remission of two months in the sentences of prisoners confined in various jails of the province. The Chief Minister had announced
Published 05 Jun, 2019 12:00am
Businessmen will support amnesty scheme: Iftikhar

Businessmen will support amnesty scheme: Iftikhar

Founder Chairman Pak US Business Council Iftikhar Ali Malik Tuesday said the entire business community including Federation of Pakistan Chambers of Commerce, all its affiliated chambers, trade bodies and associations will extend full support to Prime Mini
Published 05 Jun, 2019 12:00am
PPDWP approves two uplift schemes

PPDWP approves two uplift schemes

The Punjab Provincial Development Working Party approved two development schemes of Roads and Irrigation sectors with an estimated cost of Rs 7227.311 million. These schemes were approved in the special meeting of Provincial Development Working Party (PDW
Published 05 Jun, 2019 12:00am
Rain forecast on first day of Eid in city

Rain forecast on first day of Eid in city

Met office has predicted rain in the city on first day of Eid. According to the daily weather report, mainly hot and dry weather is expected in most parts of the country, while very hot in eastern Balochistan and Sindh. However, dust-thunderstorm/rain is
Published 05 Jun, 2019 12:00am
JI acting chief greets Ummah on Eid-ul-Fitr

JI acting chief greets Ummah on Eid-ul-Fitr

Acting Chief of the Jamaat-e-Islami, Pakistan, Liaqat Baloch, has greeted the Muslim Ummah, especially the people of Pakistan on the auspicious occasion of Eid-ul-Fitr. In a message here, he said that the sacred month of Ramazan had passed showering its b
Published 05 Jun, 2019 12:00am
PDP urges politicians to focus on issues

PDP urges politicians to focus on issues

Chairman Pasban Democratic Party (PDP), Altaf Shakoor has urged politicians to correct their direction and focus on issues faced by poor masses. Greeting the nation on the occasion of Eidul Fitr has said the real Eid of this nation would; however, be the
Published 05 Jun, 2019 12:00am
Projects like FIEDMC imperative for industrial development: Razak Dawood

Projects like FIEDMC imperative for industrial development: Razak Dawood

Adviser to Prime Minister on Commerce Abdul Razak Dawood on Tuesday, terming project of Allama Iqbal Industrial City imperative for industrial development in the country, said projects like Faisalabad Industrial Estate Development & Management Company (FI
Published 05 Jun, 2019 12:00am
FBR Union seeks permission for taking office charge

FBR Union seeks permission for taking office charge

In a bid to achieve the new revenue collection target of Rs 5.55 trillion in the upcoming budget the Federal Board of Revenue Union has appealed the Prime Minister and the FBR new chairman to pass directives, allowing the union president and other staff t
Published 05 Jun, 2019 12:00am
Descon holds 'Partners in Safety'

Descon holds 'Partners in Safety'

Descon Automation and Control department along with its Principal, MSA conducted a "Partners in Safety" event. The event highlighted Descon's Automation capabilities along with the new advances in technology for flame and gas detection systems by MSA Gene
Published 05 Jun, 2019 12:00am
Shahbaz likely to return back on June 8

Shahbaz likely to return back on June 8

Pakistan Muslim League-Nawaz (PML-N) president Shahbaz Sharif is likely to return to Pakistan on June 8. Shahbaz Sharif spent about seven weeks in London for medical treatment. All his tests are now complete and doctors have given green signal to him to t
Published 05 Jun, 2019 12:00am
Punjab CM to celebrate Eid in Lahore
Exchange

Punjab CM to celebrate Eid in Lahore

Punjab Chief Minister, Sardar Usman Buzdar will celebrate Eid-ul-Fitr in Lahore. After offering Eid prayers, the CM would exchange Eid greetings with people hailing from different walks of life. In his message, the CM said, "Eid-ul-Fitr is an occasion of
Published 05 Jun, 2019 12:00am
CM directs measures to stop one wheeling, facilities to tourists

CM directs measures to stop one wheeling, facilities to tourists

Punjab Chief Minister Sardar Usman Buzdar has said that the PTI government is rectifying the past mistakes and focusing on resolution of problems faced by the people. "We don't have any other agenda except selfless service to the people. We have burnt the
Published 05 Jun, 2019 12:00am
Freedom from Indian yoke to be real Eid for Kashmiris: Masood

Freedom from Indian yoke to be real Eid for Kashmiris: Masood

"The auspicious day of Eid-ul-Fitr reminds us that while celebrating the occasion with great fervour in the liberated territory, we must not forget our defenceless brethren on the other side of the Line of Control who continue to face the worst Indian rep
Published 05 Jun, 2019 12:00am
Petroleum prices' raise another bombshell on poor people: Dar
Exchange

Petroleum prices' raise another bombshell on poor people: Dar

Former Finance Minister Ishaq Dar said that the recent rise of the petroleum prices is another bombshell on the poor people, who are already suffering due to growing inflation and unemployment. The people are being crushed by this government, and they had
Published 05 Jun, 2019 12:00am
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