News Archives for Print - 2019-11-08

Print - 2019-11-08

Articles

Welcome to Punjab: the birthplace of Guru Nanak

Nothing is more satisfying than to be remembered as a peace maker in the world. But, peace with honor and integrity must be prioritized when dealing with an unruly neighbour. Lately, Prime Minister Imran Khan has emerged as a peace-maker in the South Asia

Updated 09 Nov, 2019 07:36am

Articles

FATF and global Politics

Rarely does China express its opinions on global politics vocally. But in the case of politicization of FATF, it has minced no words. It strongly expressed its indignation over the blatant display of politics in FATF and pointed towards the USA and India

Updated 09 Nov, 2019 07:33am

Articles

Cities

Perhaps one of the most difficult thing in column writing is to continue from where you left off the previous week; which by the way is a consequence of another difficulty column writers struggle with regularly, managing your thoughts in the allotted spac

Updated 09 Nov, 2019 07:36am

Inclusion in CPEC list: Azad Pattan hydropower project approved by JWG

The China-Pakistan Economic Corridor (CPEC) Joint Working Group (JWG) has approved 700MW Azad Pattan hydropower project for inclusion in the CPEC list.

Published 08 Nov, 2019 12:00am

NAB given Dasu project's documents

Ministry of Water Resources has handed over the documents of Dasu Hydropower Project to National Accountability Bureau (NAB) due to financial implications associated with the land acquisition price having escalated by 1000 percent, sources close to Minist

Published 08 Nov, 2019 12:00am

Joint opposition strongly criticises govt

The joint opposition on Thursday slammed the government for 'making a mockery of the legislative process'.

Published 08 Nov, 2019 12:00am

A number of crucial pieces of legislation passed: Government takes the ordinance route

Amid strong protest of the opposition members, the National Assembly on Thursday passed as many as nine ordinances in the form of bills without referring them to relevant standing committees, while two other bills, including one ordinance in the form of b

Published 08 Nov, 2019 12:00am

Stocks

PSX obtains mixed posture: BRIndex100 little changed

Pakistan Stock Exchange Thursday witnessed a mixed trend as investors remained cautious following reports of higher than expected inflation.

Updated 08 Nov, 2019 06:35am

Hafeez conspicuous by his absence?

Advisor to Prime Minister on Finance Dr Abdul Hafeez Shaikh has been a rarity in the meetings of Finance Committee of the National Assembly and has not attended a single meeting of the committee since assuming his office.

Published 08 Nov, 2019 12:00am

Global debt surges to record high $188trn: IMF chief

The global debt load has surged to a new all-time record equivalent to more than double the world's economic output, IMF chief Kristalina Georgieva warned Thursday.

Published 08 Nov, 2019 12:00am

ECC to resolve dispute over RLNG supply to two plants

The Economic Coordination Committee (ECC) of the Cabinet on Friday (today) will resolve a dispute between Power Division and Petroleum Division on the supply of RLNG to the two RLNG-fired plants being privatised, well informed sources told Business Rec

Published 08 Nov, 2019 12:00am

Investment in aviation sector: Government decides to assess Qatari intent

The government has decided to approach the Qatari government to assess the latter's intent to invest in Pakistani's aviation sector and other areas as discussed during a meeting between Prime Minister Imran Khan and the Emir of Qatar, well-informed source
Published 08 Nov, 2019 12:00am

Articles
Aftermath of IMF programme: some recommendations

After a decade of economic mis-management and mis-governance by successive governments, Pakistan's economy has landed in dire straits. By June 2018, Pakistan faced a serious balance of payments challenge with current account deficit reaching an all-time h
Published 08 Nov, 2019 12:00am

Actionable bank account information: UAE not giving access: FBR chief

The government said on Thursday that it is facing difficulty in getting access to actionable bank account information of Pakistani tax residents allegedly hiding behind Iqama (work permit).
Published 08 Nov, 2019 12:00am

Arts & Leisure
Bollywood’s Sunny Deol to visit Pakistan tomorrow for Kartarpur Corridor inauguration

Actor-politician Sunny Deol will be part of the inaugural procession visiting Pakistan to attend the opening of the Kartarpur corridor, the Punjab Chief Minister's office was quoted as saying by news agency ANI, according to NDTV.
Updated 08 Nov, 2019 06:54am

Nine EU states call for steeper aviation tax

Nine EU countries joined forces on Thursday to push for proposals for cleaner aviation in Europe, a highly polluting sector that they said was undertaxed.
Published 08 Nov, 2019 12:00am

Money laundering, terror financing: SBP helps MFBs strengthen internal controls, NA panel told

The State Bank of Pakistan (SBP) has provided active guidance to Microfinance Banks (MFBs) to further strengthen their internal controls and deterrence towards money laundering, terrorist financing and other related unlawful activities.
Published 08 Nov, 2019 12:00am

Essential items at Utility Stores on lower prices: PM for giving final touches to proposals

Prime Minister Imran Khan on Thursday directed for giving final touches to the proposals to provide essential items at the Utility Stores at lower price so that relief could be provided to the people.
Published 08 Nov, 2019 12:00am

Macron says NATO experiencing 'brain death'

French President Emmanuel Macron said he believed NATO was undergoing "brain death," lamenting a lack of coordination between Europe and the United States and unilateral action in Syria by key member Turkey, in an interview published Thursday.
Published 08 Nov, 2019 12:00am

Kartarpur Corridor': 'India is creating confusion to confuse': FO

The Foreign Office on Thursday rejected the Indian Punjab chief minister's statement spreading negativity about Pakistan's Kartarpur Corridor initiative and categorically stated that "there is not even a modicum of any negative element in our policy."
Published 08 Nov, 2019 12:00am

EU offers cooperation on terrorism issue

"Pakistan is playing an important role in maintaining peace and security, and [it is also] affected by many threats. Its role is important in intra-Afghan dialogue. The EU, here, can engage itself as a facilitator.
Published 08 Nov, 2019 12:00am

ERRA to be merged into NDMA on December 31

The government has decided to merge Earthquake Reconstruction and Rehabilitation Authority (ERRA) into National Disaster Management Authority (NDMA) from December 31, 2019.
Published 08 Nov, 2019 12:00am

Four major sectors: Track, trace system to be functional this fiscal year: Shabbar

Federal Board of Revenue (FBR) Chairman Shabbar Zaidi Thursday said the FBR will implement fully automated 'Track and Trace' system for four major sectors, ie, aerated beverages, sugar, cement and fertilizer during 2019-20.
Published 08 Nov, 2019 12:00am

Letters
The deadlock persists

It is quite unfortunate that the government-opposition deadlock still persists. Both sides seem to have taken hardened positions. Both sides seem to have decided not to take the middle ground. The government, however, is required to take a major initiativ
Published 08 Nov, 2019 12:00am

Articles
'Death wish' or compromise? Pension row threatens German coalition

German Chancellor Angela Merkel has a month to reach a deal with her coalition partners on pension reforms or face the risk of her government collapsing.
Published 08 Nov, 2019 12:00am

Articles
Doing business report and beyond - II

Unlike the Doing Business Report of the World Bank, which primarily focuses on business regulations, the report, 'Index of Economic Freedom', produced by the Heritage Foundation, estimates the overall economic freedom index (EFI) of a country, covering mu
Updated 08 Nov, 2019 08:51am

Articles
Sales tax on restaurants through Finance Act

The imposition of 7.5% sales tax on restaurants through the Finance Act 2019 by the National Assembly, energetically defended by the Chairman of Federal Board of Revenue (FBR), is patently unconstitutional being in violation of Article 142 of the Constitu
Updated 08 Nov, 2019 08:33am

NAB Ordinance controversy

Senate proceedings on Wednesday were marred by usual exchange of barbs between the treasury and the opposition benches with the former accusing the opposition of corruption and money laundering and the latter the government of conducting a witch-hunt in t
Updated 08 Nov, 2019 06:09am

Parliament and the IMF

It was extremely disturbing for the jointly held National Assembly and Senate finance standing committees to, first, invite the International Monetary Fund (IMF) staff for an interaction and, second, to then urge the Fund to soften the conditions of its 6
Updated 08 Nov, 2019 06:09am

COAS, Nato DGIMS discuss matter of mutual interest

Chief of Army Staff General Qamar Javed Bajwa on Thursday held a meeting with Director General of the NATO International Military Staff (DGIMS), Lieutenant General Hans-Werner Wiermann, to discuss matters of mutual interest, according to a statement issue
Published 08 Nov, 2019 12:00am

Policy to make universities self-sufficient under study: Senate body informed

The government is working on a commercial policy for universities to make them self-sufficient by generating their own resources. This was revealed during a meeting of the Senate Standing Committee on Science and Technology, which met with Mushtaq Ahmad K
Published 08 Nov, 2019 12:00am

Cotton & Textile
Call to introduce pest-resistant cotton seed

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has emphasized the need to introduce pest-resistant cotton seed which can withstand climate change and other problems otherwise all stakeholders will suffer as hundreds of g
Updated 08 Nov, 2019 06:35am

Energy
Low-cost electricity being planned for S Punjab: PM

Prime Minister Imran Khan Thursday said the government was planning to provide low-cost electricity to South Punjab, besides executing solar power projects in the area.
Published 08 Nov, 2019 12:00am

Teachers end strike in Landi Kotal

Teachers of 25 governmentâ€"run schools of Bazaar Zakha Khel ended their boycott of classes following the representatives of pro-government outfit (Tawheed-ul-Islam) presented their unconditional apology here on Thursday.
Published 08 Nov, 2019 12:00am

Telecommunication
Telecom imports surges to $375.221 million in July-September

Pakistan's telecom imports surged to $375.221 million in July-Sept 2019, which are higher by 14.21 percent, official figures say.
Published 08 Nov, 2019 12:00am

Commission finds no misappropriation in foreign loans: PML-N

Pakistan Muslim League-Nawaz (PML-N) on Thursday claimed that the commission constituted by Prime Minister Imran Khan to probe misappropriation in foreign loans taken by ex-prime minister Nawaz Sharif has proved that there was no embezzlement.
Published 08 Nov, 2019 12:00am

Status, authority and powers of GB: Centre seeks time for implementing SC verdict

The federal government on Thursday again sought time for the implementation of the apex court judgment on Proposed Order pertaining to the status, authority and powers of Gilgit-Baltistan (GB) and the rights available to its people.
Published 08 Nov, 2019 12:00am

Sindh government failed to resolve issues of Karachiites: PM

Amid sit-in against his party government, Prime Minister Imran Khan on Thursday came down hard on provincial government of Sindh, saying situation in port city of Karachi is taking a turn for the worst day by day.
Published 08 Nov, 2019 12:00am

Government seems 'non-serious' in resolving deadlock: Fazl

Jamiat Ulema-e-Islam-Fazl (JUI-F) Emir Maulana Fazlur Rehman on Thursday stated in categorical terms that 'either resignation of Prime Minister Imran Khan or fresh elections within two to three months without any role of the army could be agreed upon as t
Published 08 Nov, 2019 12:00am

Roshan Sindh project scam: Accused freed as he becomes approver

The Accountability Court hearing the multibillion rupees fake banks accounts case on Thursday released one of the accused of Roshan Sindh project case after he became an approver against other accused.
Published 08 Nov, 2019 12:00am

Auction of properties: AC rejects plea of Dar's wife

The Accountability Court hearing a corruption case against former finance minister Ishaq Dar on Thursday rejected Tabassum Ishaq Dar's plea and allowed National Accountability Bureau (NAB) to auction Dar's movable and immovable properties.
Published 08 Nov, 2019 12:00am

SHC releases judgment in NICL corruption case

Sindh High Court (SHC) has released the written judgment in National Insurance Company Limited (NICL) corruption case, in which the court set aside the verdict of trial court by acquitting all the accused.
Published 08 Nov, 2019 12:00am

Fazl hails ISPR DG's statement

In a new twist to the turn of events involving the Jamiat Ulema-e-Islam Fazl's (JUI-F) ongoing sit-in, Maulana Fazlur Rehman on Thursday welcomed the remarks of Director General Inter-Services Public Relations (ISPR) Major General Asif Ghafoor in which he
Published 08 Nov, 2019 12:00am

PBM offers 50 scholarships to SU students

Sindh University, Jamshoro continues its march of progress with an increased momentum; as yet another significant student-friendly development is brought to it by Pakistan Bait-ul-Maal. SU and Pakistan Bait-ul-Maal (PBM) sign a Memorandum of Understanding
Published 08 Nov, 2019 12:00am

Non-functional mills won't get wheat: CS

Sindh Chief Secretary Syed Mumtaz Ali Shah Thursday directed the district administration to check flour prices in the market on a daily basis and conduct raids on mills and godowns for checking possible hoarding.
Published 08 Nov, 2019 12:00am

2nd Sikh special train to depart from H'abad today

Pakistan Railways has arranged a special train carrying the Sikh pilgrims towards their highly sacred gurdwara.
Published 08 Nov, 2019 12:00am

Small growers, flour mills owners: Governor Sindh assures panel of discussing issues with PM

Sindh Governor Imran Ismail on Thursday assured the small growers that he would discuss their issues with the Prime Minister Imran Khan.
Published 08 Nov, 2019 12:00am

Faysal Bank supports IoBM's moot on Islamic banking & finance

One of Pakistan's leading banks, Faysal Bank Limited (FBL) participated in the Institute of Business Management (IoBM)'s International Conference on Islamic Banking & Finance. The two-day conference which took place at the Institute of Business Management
Published 08 Nov, 2019 12:00am

Energy entrepreneur seeks fairness and transparency

Over 60 days have passed since Iqbal Z. Ahmed, chairman of Associated Group (AG) remains in NAB prison from September 4, 2019, despite no formal charges framed against him to date.
Published 08 Nov, 2019 12:00am

Nine killed, 3 hurt in coach-rickshaw collision

An Accident between a coach and a rickshaw claimed lives of nine people while injuring three others on the National Highway in Matiari district.
Published 08 Nov, 2019 12:00am

Business & Economy
SBCA chief vows to facilitate industrial zones

Director General Sindh Building Control Authority (SBCA) Zafar Ahsan has said that for the facilitation all industrial zones would be dealt as single zone. Speaking at a meeting of Korangi Association of Trade & Industry (KATI), he said that under the dir
Published 08 Nov, 2019 12:00am

Business & Economy
China Import Expo: Food deal worth $42 million signed in Shanghai

A Chinese snack company signed a deal with Pakistan pine nut provider worth 300 million yuan ($42 million) during the second China International Import Expo in Shanghai as the company furthers overseas efforts with opportunities brought by the Belt and Ro
Published 08 Nov, 2019 12:00am

International symposium-cum-training course on 'Molecular Medicine' held at KU

Pakistan is opening up an international programme to invite foreign experts for the training of young scholars in the country through joint supervision of the PhD scholars.
Published 08 Nov, 2019 12:00am

Taxes
Vehicles' token tax: IHC issues notices to federation, FBR

The Islamabad High Court on Thursday issued notices to the federation and Federal Board of Revenue (FBR) in a petition filed against increase in token tax of vehicles.
Published 08 Nov, 2019 12:00am

Energy
PPL bags top award for corporate philanthropy

Pakistan Petroleum Limited (PPL) once again bagged the top slot for corporate philanthropy as declared by the Pakistan Centre for Philanthropy (PCP) based on their prestigious annual corporate philanthropy survey for 2018. This is the 15th consecutive yea
Updated 08 Nov, 2019 06:54am

Karachi mayor inspects road carpeting work

Mayor Karachi Wasim Akhtar has said the city's infrastructure collapsed completely, such a situation would not have been there, if the city was given its due right and resources. He blamed the Sindh government for deteriorating condition of city roads.
Published 08 Nov, 2019 12:00am

Fawad offers scientific solution to tackle smog issue

Federal Minister for Science and Technology Fawad Chaudhry taking to Twitter Thursday offered a scientific solution to tackle smog on both sides of the eastern border.
Published 08 Nov, 2019 12:00am

Parents urged to get children vaccinated against pneumonia

To mark upcoming Pneumonia Day on November 12th, doctors have urged parents to get their children vaccinated against pneumonia, which is killing around 92,000 children under five, annually in Pakistan.
Published 08 Nov, 2019 12:00am

Pakistan, Iran, Afghanistan join hands for refugees' support: UNHCR

The Assistant High Commissioner UN refugees' agency George Okoth Obb has said the United Nations High Commission for Refugees (UNHCR), Pakistan, Iran and Afghanistan have decided to support platform for Afghan refugees. He was speaking during inauguration
Published 08 Nov, 2019 12:00am

Business & Economy
PAF asked to hand over 76 kanals of land to CAA

A parliamentary panel Thursday directed Pakistan Air Force to hand over the possession of 76 kanals of land situated in Lahore, which was converted into a housing society by the PAF, to Civil Aviation Authority (CAA).
Published 08 Nov, 2019 12:00am

Thalassaemia awareness seminar held at SU

Thalassemia awareness seminar held at Shaikh Ayaz auditorium of the SU varsity's faculty of arts with VC Prof Dr Fateh Muhammad Burfat in the Chair.
Published 08 Nov, 2019 12:00am

Nawaz may go abroad for treatment

With decline in platelets count of former PM Nawaz Sharif, discussions are on within Sharif family for taking Nawaz Sharif to London for treatment, it has been learnt.
Published 08 Nov, 2019 12:00am

Business & Economy
Sialkot Tannery Zone, EPZ: Non-functioning of mega projects criticized

Former Senior Vice President Sialkot Chamber of Commerce and Industry (SCCI) Mian Muhammad Anwar has expressed deep concern over the non-functioning of mega projects of Sialkot Tannery Zone (STZ) and Export Processing Zone. Talking to journalists on Thurs
Published 08 Nov, 2019 12:00am

PM vows to utilise dead public assets for welfare of masses

Prime Minister Imran Khan Thursday said the government was firm on its policy of utilising the dead public assets for the welfare and betterment of masses and using their income for boosting the pace of economic development and creating job opportunities.
Published 08 Nov, 2019 12:00am

Taxes
Move to turn FBR into PRA: IRS officers express Reservations

Inland Revenue Service Officers Association (IRSOA) Sindh chapter Thursday expressed reservations over the reforms process that will be turning Federal Board of Revenue (FBR) into Pakistan Revenue Authority (PRA).
Updated 08 Nov, 2019 06:41am

Awareness camp on smog protection held

An awareness camp was set up at the Government College University Lahore under the auspices of its Environment Protection Society to raise awareness among the university students about protection from smog.
Published 08 Nov, 2019 12:00am

Business & Economy
Forex reserves move up by $443 million

The total liquid foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $443 million to $8.357 billion during the week ended November 1, 2019.
Published 08 Nov, 2019 12:00am

Corruption probe: NAB summons Akram Durrani today

The National Accountability Bureau (NAB) has summoned Jamiat Ulema-e-Islam-Fazl (JUI-F) leader Akram Khan Durrani to appear before it in connection with an inquiry initiated against him and his son on corruption charges and for allegedly accumulating asse
Published 08 Nov, 2019 12:00am

Money & Banking
Pak-Qatar Family Takaful maintains A+ credit rating

VIS Credit Rating Company Limited has reaffirmed the Insurer Financial Strength rating of Pak-Qatar Family Takaful Limited (PQFTL) at 'A+' (Single A Plus) with Stable outlook.
Updated 08 Nov, 2019 06:42am

LHC asks YDA to end protest

The Lahore High Court on Thursday asked the young doctors to end their protest and directed the government to address reservations of all stakeholders.
Published 08 Nov, 2019 12:00am

AJK PM briefs European MPs about IOJ&K situation

Prime Minister Azad Jammu and Kashmir (AJK) Raja Muhammad Farooq Haider Khan during his ongoing visit to Brussels, held separate meetings with Members of the European Parliament (MEP) Lars Patrick Berg, Phil Benion and Ms Julie Ward.
Published 08 Nov, 2019 12:00am

There's no decision of CCI regarding GIDC levy, SC notes

The Supreme Court Thursday noted there was no decision of the Council of Common Interests (CCI) regarding Gas Infrastructure Development Cess (GIDC).
Published 08 Nov, 2019 12:00am

Smog centers set up in hospitals

The Punjab health department has established smog counters in all hospitals of the province following smog and presence of dangerous toxics in the air.
Published 08 Nov, 2019 12:00am

Smoke being emitted from India causing smog in Lahore: minister

Punjab Finance Minister Hashim Jawan Bakht has claimed that prevailing smog-like situation in the provincial metropolis is caused by the smoke emitted from certain places in India where farmers are burning their crop stubbles. Due to change in the air dir
Published 08 Nov, 2019 12:00am

Climate change to have adverse impact on agriculture, food security: Hartmann

Pakistan is vulnerable to challenges such as rising temperatures, deforestation, land degradation and water scarcity in the next two decades, leading to an adverse impact on agriculture and food security in Pakistan.
Published 08 Nov, 2019 12:00am

Business & Economy
Sastaticket to launch travel carnival

Sastaticket, an online travel service provider, is launching Pakistan's biggest ever travel sale on November 11, 'Great 11.11 Travel Carnival'; travel discounts up to 90 percent will be offered for the first time in Pakistan.
Published 08 Nov, 2019 12:00am

AWT signs EoA with Monet for launching mobile app

Army Welfare Trust Investments Ltd has recently signed an exchange of agreement (EoA) for a launch of a mobile app with Monet. Muhammad Zeeshan Aziz-Chief Executive Officer-Monet-Mobile Money Network, recently visited Islamabad, where he met CEO Salman Ha
Published 08 Nov, 2019 12:00am

Minister opens Sikh era artefacts' exhibition

Punjab Minister for Information & Culture Mian Aslam Iqbal inaugurated the Sikh era artefacts exhibition here at the Lahore Museum on Thursday. This exhibition has been arranged in connection with the 550th birth anniversary of Baba Guru Nanak. A section
Published 08 Nov, 2019 12:00am

Subsidized rates: PSC to provide 200,000 certified wheat bags to growers

Punjab Seed Corporation (PSC) will provide 200,000 bags of approved varieties of wheat this year to the growers on subsidized rates. During the last fiscal, the Corporation earned a profit of over Rs29 million through sales of different seeds, said the Pu
Published 08 Nov, 2019 12:00am

Kartarpur corridor opening ceremony tomorrow: 'Tourist Police' to provide security to Sikh pilgrims, other tourists: IGP

Punjab Inspector General of Police (IGP) Arif Nawaz Khan revealed on Thursday that a squad of "Tourist Police" will provide security cover to the Sikh pilgrims and other tourists during the Kartarpur corridor opening ceremony which is scheduled on Novembe
Published 08 Nov, 2019 12:00am

Kartarpur Corridor termed a gift for Sikh community

Terming Kartarpur Corridor as historic gift of Prime Minister Imran Khan to the Sikh community, the Punjab chief minister Sardar Usman Buzdar on Thursday said that this project has promoted positive sentiments about Pakistan in India and hearts of the Sik
Published 08 Nov, 2019 12:00am

Business & Economy
TDCP to restore Kamran Baradari for public

The Punjab government has decided to restore Kamran Baradari through Tourism Development Corporation of Punjab (TDCP) and other departments and open it to public. Kamran Baradari is a historical and was very popular tourist spot in the past, but due to la
Published 08 Nov, 2019 12:00am

Articles
Partly Facetious: Maulana has made an error of judgement?

"I think The Maulana made an error of judgement..."
Published 08 Nov, 2019 12:00am

Business & Economy
ZTBL without CEO for over a year

Former Chairman Standing Committee on Agriculture and Horticulture Exports for Federation of Pakistan Chambers of Commerce and Industry, Ahmad Jawad has said Zarai Taraqiati Bank Limited (ZTBL), the largest agriculture sector bank, has been running with d
Published 08 Nov, 2019 12:00am

Brief Recordings
An interview with Muhammad Aurangzeb, President & CEO - HBL 'We have to be a tech company with a banking licence'

Muhammad Aurangzeb joined HBL on April 30, 2018 as the President & CEO. Before joining HBL, Mr. Aurangzeb was the CEO for JP Morgan's Global Corporate Bank based in Asia, with a rich international banking experience of over 30 years in other senior manage
Updated 12 Nov, 2019 08:00am

Chinese traditional medicine must be regulated: Europe doctors

Top European medical bodies demanded Thursday that Chinese traditional medicines be subject to the same regulatory oversight as conventional Western methods, despite recent WHO recognition of their use.
Published 08 Nov, 2019 12:00am

Baghdadi's wife revealed IS group secrets after capture

The wife of slain Islamic State leader Abu Bakr al-Baghdadi revealed "a lot of information" about the jihadist group's "inner workings" after she was captured last year, a Turkish official said.
Published 08 Nov, 2019 12:00am

Malaysia says US offer to host APEC 'not a good idea'

An offer by the United States to host a Pacific rim summit in America in 2020 after Chile abruptly cancelled this year's event was "not a good idea", Malaysia's foreign minister said Thursday.
Published 08 Nov, 2019 12:00am

IT & Computers
Documents show Facebook controlling competitors with user data

Leaked documents from a civil suit against Facebook show how the social network aimed to employ user data as a tool for bargaining and to manipulate competitors, NBC News reported on Wednesday.
Published 08 Nov, 2019 12:00am

Erdogan threatens to open Europe gates for refugees

Turkish President Recep Tayyip Erdogan on a visit to EU member Hungary repeated his threat Thursday to "open the gates" for millions of refugees eager to flee to Europe unless more international support was provided.
Published 08 Nov, 2019 12:00am

US-led coalition launches operation to protect Gulf waters

A US-led naval coalition officially launched operations in Bahrain Thursday to protect shipping in the troubled waters of the Gulf, after a string of attacks that Washington and its allies blamed on Iran.
Published 08 Nov, 2019 12:00am

Congolese 'Terminator' warlord gets harshest ever ICC sentence

The International Criminal Court sentenced Congolese rebel chief Bosco "Terminator" Ntaganda to 30 years in jail for war crimes and crimes against humanity on Thursday, the highest ever penalty issued by the tribunal.
Published 08 Nov, 2019 12:00am

US calls for 'serious steps' as Iran resumes uranium enrichment

The United States on Thursday called for "serious steps" to be taken after Iran resumed uranium enrichment at its underground Fordow plant in a new step back from its commitments under a 2015 nuclear deal.
Published 08 Nov, 2019 12:00am

Saudi king hosts CIA chief for talks

Saudi Arabia's King Salman hosted the Central Intelligence Agency's director Thursday, state media said, after three people were charged in the US with spying on Twitter users critical of the royal family.
Published 08 Nov, 2019 12:00am

Jordan, Turkey, UAE violated Libya arms embargo: UN

Jordan, Turkey and the United Arab Emirates have regularly violated the UN arms embargo imposed on Libya since 2011, according to a confidential report by UN experts seen Thursday by AFP.
Published 08 Nov, 2019 12:00am

US lab identifies rare new HIV strain

A US pharmaceutical firm has identified a new subtype of the human immunodeficiency virus (HIV), and said the finding showed that cutting edge genome sequencing is helping researchers stay ahead of mutations.
Published 08 Nov, 2019 12:00am

China jails nine for selling fentanyl into US

China on Thursday jailed nine people for selling fentanyl to Americans, the result of a landmark joint probe, and pledged further co-operation following President Donald Trump's fury at Beijing's perceived inaction against Chinese suppliers fuelling the d
Published 08 Nov, 2019 12:00am

PMEX daily trading report

On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,314. The traded value of Metals, Energy and COTS/FX was recorded at PKR 3.228 billion and the numbers of lots traded 6,670.
Published 08 Nov, 2019 12:00am

Commodities
CBOT corn futures fall to 5-week low

Chicago Board of Trade (CBOT) corn futures fell for a fifth straight session on Wednesday and touched a five-week low on weak demand for US exports and as the US harvest proceeds in mostly dry Midwest weather, traders said.
Published 08 Nov, 2019 12:00am

Commodities
CBOT wheat futures higher on technical buying

Chicago Board of Trade (CBOT) wheat futures edged higher on Wednesday on short-covering and technical buying and on rising concerns about a weather-shortened crop in Australia, traders said. CBOT December soft red winter wheat settled up 1-1/2 cents at $5
Published 08 Nov, 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 28

293.94

Gainers
Losers
Leaders

Stock Price

786 Invest Ltd / Apr 28

786 Investments Limited(786)

5

▼ 0.00 (0.00%)

AL-Abbas Sugar / Apr 28

Al-Abbas Sugar Mills Limited(AABS)

585

▼ 0.00 (0.00%)

Agro Allianz / Apr 28

Agro Allianz Limited(AAL)

16

▼ 0.00 (0.00%)

AL-Abid Silk / Apr 28

Al-Abid Silk Mills Limited(AASM)

3.49

▼ 0.00 (0.00%)

Ali Asghar / Apr 28

Ali Asghar Textile Mills Limited(AATM)

2.07

▼ 0.00 (0.00%)

Allied Bank / Apr 28

Allied Bank Limited(ABL)

87.10

▼ 0.00 (0.00%)

Abbott Lab. / Apr 28

Abbott Laboratories (Pakistan) Limited(ABOT)

499.34

▼ 0.00 (0.00%)

Abson Ind. / Apr 28

Abson Industries Limited(ABSON)

2.50

▼ 0.00 (0.00%)

Alfalah ETF. / Apr 28

Alfalah Consumer Index ETF.(ACIETF)

9.84

▼ 0.00 (0.00%)

Stock Price

786 Invest Ltd / Apr 28

786 Investments Limited(786)

5

▲ 0.00 (0.00%)

AL-Abbas Sugar / Apr 28

Al-Abbas Sugar Mills Limited(AABS)

585

▲ 0.00 (0.00%)

Agro Allianz / Apr 28

Agro Allianz Limited(AAL)

16

▲ 0.00 (0.00%)

AL-Abid Silk / Apr 28

Al-Abid Silk Mills Limited(AASM)

3.49

▲ 0.00 (0.00%)

Ali Asghar / Apr 28

Ali Asghar Textile Mills Limited(AATM)

2.07

▲ 0.00 (0.00%)

Allied Bank / Apr 28

Allied Bank Limited(ABL)

87.10

▲ 0.00 (0.00%)

Abbott Lab. / Apr 28

Abbott Laboratories (Pakistan) Limited(ABOT)

499.34

▲ 0.00 (0.00%)

Abson Ind. / Apr 28

Abson Industries Limited(ABSON)

2.50

▲ 0.00 (0.00%)

Alfalah ETF. / Apr 28

Alfalah Consumer Index ETF.(ACIETF)

9.84

▲ 0.00 (0.00%)

Stock Volume

P.I.A.C.(A) / Apr 28

Pakistan International Airlines Corp(PIAA)

47,200,500

▲ 0.00

Cnergyico PK / Apr 28

Cnergyico PK Limited(CNERGY)

29,719,327

▲ 0.00

Pak Petroleum / Apr 28

Pakistan Petroleum Limited(PPL)

21,170,581

▲ 0.00

Pak Refinery / Apr 28

Pakistan Refinery Limited(PRL)

16,965,134

▲ 0.00

The Searle Co. / Apr 28

The Searle Company Limited(SEARL)

15,793,227

▲ 0.00

P.T.C.L. / Apr 28

Pakistan Telecommunication Company Ltd(PTC)

15,054,641

▲ 0.00

K-Electric Ltd. / Apr 28

K-Electric Limited(KEL)

14,145,556

▲ 0.00

WorldCall Telecom / Apr 28

Worldcall Telecom Limited(WTL)

13,158,668

▲ 0.00

Telecard Limited / Apr 28

Telecard Limited(TELE)

12,358,668

▲ 0.00

Markets →

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Today

Yesterday

Past 3 Days

March demand down 7.5pc: Govt mulling options to boost power consumption

No intention to impose fixed tax on solar, Power Division clarifies

NJLI Sarmaya Growth Fund Rates

Net metering power: Govt mulling bringing buyback rates down to Rs11/unit from Rs21

FBR notifies transfers of 12 key officers to Admin Pool

Major shuffle in FBR ahead of budget preparation exercise

Gold price per tola jumps Rs2,500 in Pakistan

WPPs worried about continuous power curtailment

3.2 magnitude earthquake hits parts of Karachi

Net metering power: Govt mulling bringing buyback rates down to Rs11/unit from Rs21

Prices of petrol, diesel likely to be slashed

PBC floats 5-year ‘exports charter and imports substitution plan’

Pakistan misses wheat production target

Operations: KAPCO reluctant to opt for CTBCM

Annual rental value property: Sindh govt given three months to legislate on levy of tax

Airline revenues: IATA urges Pakistan to allow repatriation of $399mn

Justice Isa says received no complaints of meddling in judicial affairs since becoming CJP

Gold price per tola jumps Rs2,500 in Pakistan

Net metering power: Govt mulling bringing buyback rates down to Rs11/unit from Rs21

Pakistan misses wheat production target

NJLI Sarmaya Growth Fund Rates

Sazgar Engineering Works Limited

Prices of petrol, diesel likely to be slashed

FBR’s POS system: 1,680 Tier-1 retailers told to integrate by May 31st

Operations: KAPCO reluctant to opt for CTBCM

Gold price per tola jumps Rs2,500 in Pakistan

Annual rental value property: Sindh govt given three months to legislate on levy of tax

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 28	293.94

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 28 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 28 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 28 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 28 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 28 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 28 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 28 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 28 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 28 Telecard Limited(TELE)	12,358,668 ▲ 0.00