News Archives for Print - 2019-09-14

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi

Published 14 Sep, 2019 12:00am

Exchange

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d

Published 14 Sep, 2019 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 14 Sep, 2019 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 14 Sep, 2019 12:00am

Aaj TV - Saturday's schedule

All timings are in PST (Pakistan Standard Time).

Published 14 Sep, 2019 12:00am

Senate body opposes ADB's AMI project

Senate Standing Committee on Power headed by Senator Fida Muhammad on Friday opposed Asian Development Bank's (ADB$ 500 million Advanced Metering Infrastructure (AMI) project to two power Distribution Companies (Discos), saying the project is a waste of n

Published 14 Sep, 2019 12:00am

Pakistan ready to help de-escalate tension between Iran & US: FM

Foreign Minister Shah Mahmood Qureshi has said that Pakistan is deeply concerned over ongoing tension between the United States and Iran that has "potential to destabilize the region" and is ready to play its role in facilitating de-escalation of tensions

Published 14 Sep, 2019 12:00am

RITBA praises FBR move

The Rawalpindi Islamabad Tax Bar Association (RITBA) on Friday highly appreciated that the Federal Board of Revenue (FBR) has decided to launch a new mobile app to facilitate the salaried class in filing of their tax returns. The FBR has recently launched

Published 14 Sep, 2019 12:00am

Haroon joins Graana Group of Cos as President Advisory Board

Graana group, the leading real estate and technological group of Pakistan announced Friday that Lieutenant General Muhammad Haroon Aslam (retd) HI (M) has joined Graana group of companies as President Advisory Board.

Published 14 Sep, 2019 12:00am

NA session to continue till 20th

The House Business Advisory Committee of the National Assembly during a meeting in the Parliament House on Friday decided that the current session of the National Assembly would continue till September 20.

Published 14 Sep, 2019 12:00am

Peshawar Electricity Supply Company: PD, USAID agree to modernize distribution network

Power Division and USAID have agreed to undertake one or two projects in Peshawar Electricity Supply Company (PESCO) for modernizing the distribution network after detailed deliberation for identification of the areas and funds availability. The decision

Published 14 Sep, 2019 12:00am

PSDP 2019-20: Rs 84.43 billion released against budgeted Rs 701 billion

The federal government has released Rs 84.43 billion (12 percent) for various ongoing and new development projects under Public Sector Development Program (PSDP) 2019-20 against the total budgeted allocation of Rs 701 billion.

Published 14 Sep, 2019 12:00am

Chinese envoy briefed about Saif Group's projects

Ambassador of the People's Republic of China to Pakistan, Yao Jing visited the Offices of the Saif Group here on Thursday. While welcoming the Ambassador,Salim Saifullah Khan appreciated his efforts to promote Pakistan China relations in the Business Sect

Published 14 Sep, 2019 12:00am

Partly Facetious : Houses for the homeless

"Welcome to Pakistan, the Medina ki riyasat (Medina administration) and our Prime Minister Imran Khan reckons such a riyasat can be defined as free facilities like education, health and cash support for the unemployed as provided by Western countries..."

Updated 14 Sep, 2019 09:19am

Sohail Pasha elected PTEA chairman unopposed

Pakistan Textile Exporters Association (PTEA) has elected unopposed Sohail Pasha as the Chairman of PTEA for the second time; whereas Faisal Nisar and Haris Yousaf were also elected unopposed as Senior Vice Chairman and Vice Chairman respectively. Earlier

Published 14 Sep, 2019 12:00am

Pak-Korea nutrition centre to be set up at UAF

A Pak-Korea Nutrition Center would be set up at University of Agriculture, Faisalabad that will enable the country arrest the growing malnutrition; a major cause of poor health of the people.

Published 14 Sep, 2019 12:00am

GUARD optimistic of launching 'hybrid wheat' for commercial sowing

After successfully launching eight hybrid rice varieties and revolutionizing the coarse rice production in Sindh, Guard Agriculture Research & Services Limited (GUARD) is hopeful to launch 'Hybrid Wheat' for commercial sowing in the year 2021-22.

Published 14 Sep, 2019 12:00am

Pakistanis can't remain silent over barbaric acts of India in IOK

Provincial Minister for Public Prosecution Chaudhry Zaheeruddin has said that the Pakistani nation could not be remained silence on the gross violation and brutality of Indian forces with the innocent Kashmiris and we would raise the voice on all forums i

Published 14 Sep, 2019 12:00am

Disconnections: Lesco issues notices to 57,700 industrial, commercial consumers

The Lahore Electric Supply Company (LESCO), in collaboration with the Corporate Regional Tax Office (CRTO) Lahore, has issued notices to industrial and large commercial consumers for disconnection of supplies in case they failed to get National Tax Number

Published 14 Sep, 2019 12:00am

SEZs to help enhance exports to $1.5 billion per annum

Special economic zones (SEZs) will help enhance exports by $1 billion to $1.5 billion per annum in the short-run by ensuring effective and comprehensive planning. Talking to a delegation of Lahore Chamber of Commerce and Industry (LCCI) led by its Senior

Published 14 Sep, 2019 12:00am

Three 'militants' arrested: CTD claims thwarting major terror plot in Rajanpur

The Punjab police's Counter-Terrorism Department (CTD) claimed on Friday to have thwarted a major terror plot in Rajanpur by arresting three 'militants' of banned Balochistan Liberation Army (BLA).

Published 14 Sep, 2019 12:00am

'Special Economic Zones' being set up in Punjab: Buzdar

Punjab Chief Minister Sardar Usman Buzdar on Friday said that 'Special Economic Zones' were being set up for the promotion of industrial sector where special incentives will be offered to the industrialists for setting up industries.

Published 14 Sep, 2019 12:00am

Domestic demand declines: Cement exports post healthy increase of 12.66pc

Impact of economic contraction was visible in the cement sector, as the first two months of this fiscal saw domestic demand declining by 5.49 percent while exports posted a healthy increase of 12.66 percent.

Published 14 Sep, 2019 12:00am

C/A deficit narrowing as imports fall, exports rise: Alvi

President Dr Arif Alvi has said that the country's economy was going through historic difficulties and the government inherited current account deficit, budget deficit and circular debts. A huge chunk of revenue was being consumed to clear the debts, leav

Published 14 Sep, 2019 12:00am

PDP for fair distribution of jobs, resources among provinces

Pasban Democratic Party (PDP) Chairman Altaf Shakoor has said that strong provinces are a must for a stronger Pakistan and there should be a fair and transparent policies regarding giving the provinces their due share in jobs and resources. He asked the f

Published 14 Sep, 2019 12:00am

Baldia Factory case: SHC allows recording owners' statement through video link

Sindh High Court (SHC) on Friday dismissed the plea of Rahman Bhola, accused of Baldia Factory case, against the permission to record the testimony of factory owners through video link. A division bench of SHC, which is hearing the plea ordered recording

Published 14 Sep, 2019 12:00am

ICCI&A board meeting to be held in Karachi

After twenty five years, Karachi will host the board of directors (BoD) meeting of Islamic Chamber of Commerce, Industry & Agriculture (ICCI&A). The meeting will be held in 2nd week of November, that would revive the activities of chamber in Karachi after

Published 14 Sep, 2019 12:00am

64 Sindh Police officials dismissed from service

As many as 64 officials of Sindh Police have been dismissed from the service as the result of department's ongoing 'reward and punishment' campaign, police office informed on Friday. The drive has been initiated on the directives of Sindh Police IG Dr Sye

Published 14 Sep, 2019 12:00am

Sindh Assembly session adjourned due to MPA's death

The Sindh Assembly sitting on Friday was postponed without holding any business following a sudden demise of its member - Syed Ghulam Ali Shah Jilani. As per the tradition of provincial legislature, the house holds no business on the death of its members

Published 14 Sep, 2019 12:00am

Minister vows to provide justice to Hunain's family

Punjab Minister for Information & Culture Mian Aslam Iqbal visited the residence of Hafiz Hunain, a student who died allegedly due to torture of his teacher. The minister extended heartfelt condolence to the bereaved family and offered 'fateha' for the de

Published 14 Sep, 2019 12:00am

SRB, IBFD organise training on trends, practices of sales tax

A three-day international training was opened Friday at the IBA-Karachi (city campus). The training is being organised by the Sindh Revenue Board (SRB) in coordination with International Bureau of Fiscal Documentation' (IBFD), The Netherlands. It caters t

Published 14 Sep, 2019 12:00am

EPD seals three steel mills for using substandard fuel

The Environment Protection Department (EPD) Punjab has sealed three steel mills in Mominpura for using substandard fuel and emitting hazardous smoke. Talking to the media here on Friday, EPD Deputy Director Ali Ijaz said his department is taking indiscrim

Published 14 Sep, 2019 12:00am

Exchange

Country's first CMC may become functional by March 2020

Pakistan's first Collateral Management Company (CMC) is expected to be operational by March 2020. The Chairman, Securities and Exchange Commission of Pakistan (SECP) Aamir Khan and the Commissioner, Securities Market Division, Shauzab Ali chaired a crucia

Published 14 Sep, 2019 12:00am

Future US strategy in Afghanistan can rely on bases in Pakistan: Biden

Frontrunner Joe Biden went on the offensive on Thursday in the third Democratic debate of the 2020 White House race, taking on the Afghanistan issue and saying that a future United States strategy in the war-torn country could depend on bases in Pakistan.

Published 14 Sep, 2019 12:00am

Names of seven most-wanted human traffickers placed on FIA's Red Book

Federal Investigation Agency (FIA) has placed the names of another seven most wanted human smugglers/traffickers on its Red Book 2019. The ninth edition of Red Book 2019, which was recently published, contains the profiles of 100 most wanted human smuggle

Published 14 Sep, 2019 12:00am

Detained members: opposition to approach SC for production orders

Pakistan Muslim League-Nawaz (PML-N) leader Khawaja Muhammad Asif has said that opposition would approach the Supreme Court if the speaker National Assembly does not issue production orders for the detained members of the House. Speaking on the floor of t

Published 14 Sep, 2019 12:00am

PM's Karachi visit put off

Prime Minister Imran Khan's visit to Karachi on Saturday (today) has been postponed. The prime minister was scheduled to visit Karachi on Saturday. Sources said that the PM will visit Karachi after the Karachi Strategic Committee prepared its recommendati

Published 14 Sep, 2019 12:00am

Exchange

Park Lane reference: physical remand of SECP director extended for 14 days

An Accountability Court hearing multibillion rupees fake bank accounts case on Friday extended physical remand of a director of Securities and Exchange Commission of Pakistan (SECP) for another 14 days in Park Lane reference filed against former president

Published 14 Sep, 2019 12:00am

Women, children protest against IOK lockdown

A number of women and children Friday staged a protest against the continued lockdown and other atrocities being carried out by Indian troops in Occupied Kashmir. The protest rally was held in connection with Kashmir Solidarity Movement to express solidar

Published 14 Sep, 2019 12:00am

'Pakistan makes great progress in establishing robust disaster management mechanism'

Chairman National Disaster Management Authority (NDMA), Lieutenant General Muhammad Afzal on Friday said that Pakistan has made a great progress in establishing a robust disaster management mechanism. He was talking to Japanese Ambassador Kuninori Matsuda

Published 14 Sep, 2019 12:00am

Qureshi briefs Kashmir Cell: diplomatic efforts bearing fruit

Foreign Minister Shah Mehmood Qureshi has said that international community has rejected India's false narrative on the illegal and unilateral actions of August 5 in the Occupied Jammu and Kashmir while Pakistan's diplomatic efforts are bearing fruit.

Published 14 Sep, 2019 12:00am

AC links provision of AC facility to Zardari with doctors' opinion

The Accountability Court hearing the multibillion rupees fake bank accounts case on Friday linked provision of air-conditioning facility to former president Asif Ali Zardari in jail with doctors' opinion. Accountability Court Judge Muhammad Bashir was hea

Published 14 Sep, 2019 12:00am

Lawmakers vow to help achieve SDGs

Lawmakers from all four provinces and different political parties Friday joined hands for generating a national response to achieve the Sustainable Development Goals (SDGs). The members of the Senate, National Assembly and members of the four provincial a

Published 14 Sep, 2019 12:00am

'Reforming SOEs in Pakistan'

The PTI government appears to be deeply concerned about the role of SOEs that are causing a huge burden on country's economy. That is why the adviser to PM on finance Dr Abdul Hafeez Sheikh has underscored the need for taking the required steps aimed at c

Updated 14 Sep, 2019 08:14am

Draghi's parting shot leaves next ECB boss with existential dilemma

Christine Lagarde will face a momentous decision in her first year as European Central Bank President: give up on reviving inflation or give in to the temptation of bankrolling governments with never-ending bond purchases.

Published 14 Sep, 2019 12:00am

Biden maintains grip on 2020 Democratic race

Those expecting Joe Biden's presidential candidacy to flame out any day now will have to keep waiting. The former US vice president survived another Democratic debate on Thursday largely unbloodied and unbowed, leaving those on the margins of the race for

Published 14 Sep, 2019 12:00am

Captured

Remarkably, well at least on the face of it, economic decisions are now the domain of the electronic media; not that there is any intention of taking any credit away from the media celebrities who seemingly reversed a decision which might have resulted in

Updated 14 Sep, 2019 07:58am

PM-businesspeople interaction

Prime Minister Imran Khan while addressing a select group of businesspeople said last Tuesday that his government was making all-out efforts to provide maximum facilities to business community.

Updated 14 Sep, 2019 07:53am

President perseveres

Under Article 56 of the Constitution the President "may" address either House or both Houses assembled together, but he is under constitutional obligation to address a joint session of Parliament at the commencement of each year, and also inform it of the

Updated 17 Sep, 2019 06:57am

Exchange

Discount rate debate

The decision to raise the discount rate to 13.25 percent on 16 July, a 150 basis points raise in addition to the raise of 100 basis points on 20 May, has widened the distrust between the Khan administration's economic team and the business community with

Updated 17 Sep, 2019 06:57am

US House panel to force testimony from Khalilzad

The US House of Representatives Foreign Affairs Committee said on Thursday it will subpoena President Donald Trump's special Afghanistan envoy, Zalmay Khalilzad, to testify on Sept. 19, after the abrupt cancellation of talks with the country's Taliban mil

Published 14 Sep, 2019 12:00am

US House panel to force testimony from Khalilzad

Published 14 Sep, 2019 12:00am

Currency

Al-Azizia Steel Mill case: IHC constitutes DB for hearing Nawaz plea

The Islamabad High Court (IHC) has constituted a division bench for hearing former prime minister Nawaz Sharif's appeal against his conviction in Al-Azizia Steel Mill case from September 18. The dual bench of IHC comprising Justice Aamer Farooq and Justic

Published 14 Sep, 2019 12:00am

Currency

Al-Azizia Steel Mill case: IHC constitutes DB for hearing Nawaz plea

Published 14 Sep, 2019 12:00am

SC declares recovery of arrears in school fee void

The Supreme Court has ruled that private schools shall not recover as arrears for any reason or under any circumstances 20% reduction in fee directed through its order dated 30-12-18. The Court on December 30, 2018 had directed all the educational institu

Published 14 Sep, 2019 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	158.33
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
India Sensex / Apr 26	73730.16
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Hang Seng / Apr 26	17651.15
FTSE 100 / Apr 26	8139.83
Dow Jones / Apr 26	38239.66
Germany DAX 30 / Apr 26	18161.01

Item	Value
Crude Oil USD/Barrel / Apr 26	83.85
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 26	210048
Gold Spot USD/Ounce / Apr 26	2337.96
Cotton US¢/pound / Apr 26	80.90
Petrol/Litre / Apr 27	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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