News Archives for Print - 2020-01-28

Print - 2020-01-28

Articles

Stepping out of the rut

In times of severe economic down-turn resource short countries like Pakistan need to practice punishing austerity - punishing specially for the haves as the have-nots have been already going through such austerity for ages - to enhance rates of savings an

Updated 29 Jan, 2020 05:00am

PM launches Kamyab Jawan programme

Prime Minster Imran Khan on Monday launched Kamyab Jawan Programme, saying that Pakistan Tahreek Insaf (PTI) government is committed to uplift youth of the country. Addressing a Kamyab Jawan Program launching ceremony held at Governor's House during his d

Published 28 Jan, 2020 12:00am

CPI based on 13 external data sources: TI

Transparency International said on Monday that Corruption Perceptions Index (CPI) is compiled at the TI Secretariat in Berlin based on 13 external data sources.

Published 28 Jan, 2020 12:00am

CJ administers oath to new CEC

Chief Justice Gulzar Ahmed administered the oath of the office to Mohammad Jalal Sikandar Sultan as Chief Election Commissioner of Pakistan in a simple but dignified ceremony on Monday. The judges of the Supreme Court of Pakistan, attorney general for Pak

Published 28 Jan, 2020 12:00am

Rashid summoned in HR case: Railways most corrupt department, observes SC

The Supr-eme Court has summoned Federal Minister for Railways Sheikh Rashid Ahmed, secretary and general manager/CEO of Railways today (Tuesday), observing that Pakistan Railways is the most corrupt department.

Published 28 Jan, 2020 12:00am

Cabinet set to ratify ECC decision today: GIDC reduction seen hitting fiscal deficit

As the federal cabinet is all set to ratify the decision of ECC on GIDC reduction by Rs 400 per bag of urea Tuesday (today), one section of fertilizer industry termed the decision to control inflation has been marred by inefficient myopic decision making,

Published 28 Jan, 2020 12:00am

Stocks

PSX stays depressed: BRIndex100 inches down

Pakistan Stock Exchange Monday remained under pressure due to selling by local and foreign investors. BRIndex100 lost 8.78 points or 0.2 percent to close at 4,476.69 points. BRIndex100 touched intraday high of 4,499.94 and intraday low of 4,467.26 points.

Updated 28 Jan, 2020 05:36am

New Delhi to sell full stake in Air India

New Delhi intends to sell its entire stake in the debt-crippled national carrier Air India, the government announced Monday, after failing previously to secure any bids for a majority share. The airline, which owes more than $8 billion, has been strugglin

Published 28 Jan, 2020 12:00am

ISAF containers scam: FBR compiling new report

The Federal Board of Revenue (FBR) is compiling a new report including facts and data on the International Security Assistance Force's containers scam in which at least 7,922 transit containers were pilfered that caused estimated revenue loss of Rs 19 bil

Published 28 Jan, 2020 12:00am

Minister praises FBR's performance

Federal Minister for Economic Affairs Hammad Azhar claimed on Monday that the Federal Board of Revenue (FBR) achieved "95 per cent tax collection target of the first half (six months) of the ongoing fiscal year 2019-20 due to the right policies pursued by

Published 28 Jan, 2020 12:00am

Global concerns grow as China virus spreads

The rapid spread of a deadly virus across China caused growing global alarm on Monday, with Germany advising citizens to avoid the country, Mongolia closing its border and other nations racing to evacuate citizens trapped at the epicentre of the epidemic.

Published 28 Jan, 2020 12:00am

Chinese envoy says all Pakistani students safe, sound

Chinese Ambassador to Pakistan Yao Jing Monday said that all Pakistani students in Wuhan, China, are safe and sound and they are being well attended and looked after.

Published 28 Jan, 2020 12:00am

Equities, oil tank as coronavirus triggers panic

Global stocks and oil plunged Monday as panicked investors fled risky assets for safer bets gold, bonds, the dollar and the yen, after China warned that a deadly new coronavirus was spreading fast. On equity markets luxury goods makers and airlines suffer

Published 28 Jan, 2020 12:00am

Medical reports: There's no reply from Nawaz, legal team: Shahzad

Special Assistant to the Prime Minister on Accountability Shahzad Akbar on Monday said the government had sought explanation from former prime minister Nawaz Sharif and his legal team about his medical reports but so far the government had not received th

Published 28 Jan, 2020 12:00am

Federal cabinet likely to discuss Sindh government-IGP tiff today

The federal cabinet, which is scheduled to meet today (Tuesday) under Prime Minister Imran Khan, will take up 15-point agenda items including amendments to the President's and Prime Minister's Salary, Allowances and Privileges Acts 1975.

Published 28 Jan, 2020 12:00am

Musharraf case: LHC issues detailed verdict

The Lahore High Court (LHC) on Monday issued a detailed verdict regarding declaring the formation of a special court to hear high treason case against former military ruler Pervez Musharraf as unconstitutional.

Published 28 Jan, 2020 12:00am

Saudi Arabia says Israelis cannot visit 'for now'

Israeli citizens are not allowed to come to Saudi Arabia, the kingdom's foreign minister announced Monday after the Jewish state said it gave its citizens the green light to visit. Saudi Foreign Minister Prince Faisal bin Farhan told CNN Israelis are not

Published 28 Jan, 2020 12:00am

Pashteen arrested

Manzoor Pashteen, chief of the Pashtun Protection Movement (PTM), appeared before a magistrate here after being detained shortly after midnight, said police official Shiraz Khan. Khan said Pashteen would be transferred to another district where he is want

Published 28 Jan, 2020 12:00am

Stock exchange scam: PAC body directs NLC to hand over inquiry report to NAB

A sub-committee on monitoring & implementation of the Public Accounts Committee (PAC) Monday directed officials of National Logistic Cell (NLC) to hand over inquiry report into stock exchange scam and relevant record to National Accountability Bureau (NAB

Published 28 Jan, 2020 12:00am

Third Pakistan-Bangladesh Twenty20 rained off

The third and final Twenty20 International (T20I) between Pakistan and Bangladesh has been called off due to rain without a ball bowled on Monday, giving the host a 2-0 series victory.

Published 28 Jan, 2020 12:00am

MPS today

The State Bank of Pakistan (SBP) will unveil the Monetary Policy Statement on Tuesday (Jan 28) for next two months. Dr Reza Baqir, Governor SBP will announce the policy at a press conference after the meeting of the Monetary Policy Committee (MPC), which

Published 28 Jan, 2020 12:00am

Letters

'Austerity kills'

This is apropos a Business Recorder op-ed "Austerity kills" carried by this newspaper on Saturday. The writer, Bakhtiyar Kazmi, like other Pakistani economists, seems to be greatly impressed by Nobel laureates American economist Joseph Stiglitz. He

Published 28 Jan, 2020 12:00am

Articles

Will Brexit see European division at the UN Security Council?

In a recent UN Security Council vote on extending cross-border aid to Syria, Britain aligned with the United States and abstained in a rare split with its European partners that could herald others to come after Brexit. Some diplomats played down the Janu

Published 28 Jan, 2020 12:00am

Articles

Contamination reduces cotton value

Cotton is considered to be a resilient and reliable lifeline of Pakistan's economy; however, the reduction in its productivity over several years has negatively impacted performance of the entire economy. Importance of the cotton crop can be gauged from t

Published 28 Jan, 2020 12:00am

India's Republic Day: India no longer republic

Throughout the world, and most distinctly in occupied Jammu & Kashmir, India's Republic Day on January 26 was observed as 'black day'. And it was expected to be so given the world rejection of Modi establishment's deepening obsession to convert India, whi

Updated 28 Jan, 2020 05:26am

Improved security sees foreign tourists return

British High Commissioner to Pakistan Dr Christian Turner read out a statement issued by the UK Foreign and Commonwealth Office which relaxed the travel advisory of UK nationals to Pakistan due to improved security situation, an outcome of "a comprehensiv

Updated 28 Jan, 2020 05:32am

Coronavirus: number of suspected patients rises to five in Pakistan

The number of individuals suspected to have contracted the deadly coronavirus has risen to five in Pakistan with three of them admitted to Services Hospital Lahore, and two of them admitted to Nishtar Hospital Multan.

Published 28 Jan, 2020 12:00am

Business & Economy

CDNS committed to improving customer service delivery: Finance Division

The Ministry of Finance has clarified a news report captioned as "National Savings and FATF" and published in a section of the press, saying that the contents of the news report as published by media are likely to be misconstrued by the accountholders and

Published 28 Jan, 2020 12:00am

LHC restrains Lesco from cutting down trees

The Chief Justice (CJ) of Lahore High Court on Monday restrained the Lahore Electric Supply Company (Lesco) from cutting trees near Jallo Park for installation of 132-KV transmission line.

Published 28 Jan, 2020 12:00am

Rights of NAECHS allottees: Parliamentary panel calls for action against usurpers

A parliamentary panel on Monday called for action against all those who have been usurping the rights of allottees of National Assembly Employees Cooperative Housing Society (NAECHS).

Published 28 Jan, 2020 12:00am

Energy

Q2FY20: Discos' power tariff may be increased by Rs 0.35 per unit

The government is likely to increase power tariff of Distribution Companies (Discos) by Rs 0.35 per unit for second quarter of fiscal year 2019-20 to collect about Rs 30-35 billion from consumers' as capacity payment of IPPs as per agreement with the Int

Updated 28 Jan, 2020 05:36am

Kamyab Jawan programme: PM to distribute cheques among Sindh youth: Firdous

Special Assistant to Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan has said the federal government is committed to the development of Sindh and has offered all possible assistance to the provincial government in this regard.

Published 28 Jan, 2020 12:00am

Fake account case: NAB told to decide about Malik's acquittal plea till February 12

The Accountability Court hearing multibillion rupees fake bank account case on Wednesday sought arguments of defence counsel over the acquittal application filed by accused Abdul Ghani Majeed. Accountability Court Judge Muhammad Azam Khan while hearing th

Published 28 Jan, 2020 12:00am

Business & Economy

Providing promising environment to business community top priority: PM

Prime Minister Imran Khan said providing promising environment and facilitation to business community and investors for lucrative businesses is top priority of the incumbent government. He was talking to a delegation of important figures from Qatar of Pak

Published 28 Jan, 2020 12:00am

ECP appointments: IHC disposes of plea

The Islamabad High Court (IHC) Monday disposed of a petition seeking the appointment of chief election commissioner (CEC) and two members of Election Commission of Pakistan (ECP).

Published 28 Jan, 2020 12:00am

CDA seals 250 buildings in response to directives of SC, IHC: NA body told

The National Assembly Standing Committee on Interior was informed on Monday that Capital Development Authority (CDA) sealed around 250 buildings in various areas on the directives of Supreme Court and Islamabad High Court (IHC).

Published 28 Jan, 2020 12:00am

Coronavirus: Pakistani students in China seeks government's help

Pakistani students from Punjab, Sindh and Khyber Pakhtunkhwa (KP) studying in the Engineering and Science University of Wuhan have requested help from the Chinese and Pakistani government amid alarming outbreak of the coronavirus in the Chinese province.

Published 28 Jan, 2020 12:00am

Reference against judge: President accused of violating oath

President Arif Alvi has violated his oath of the office by filing reference against Justice Qazi Faez without applying independent judicial mind, argued Rasheed A Rizvi on Monday. He was representing the Sindh High Court Bar Association (SHCBA), Karachi D

Published 28 Jan, 2020 12:00am

Business & Economy

Trade activities boosted since launch of operation at border: PM's Aide

Advisor to Prime Minister on Establishment, Muhammad Shehzad Arbab has said the trade and economic activities have boosted up since launch of 24/7 operation at Torkham border as he claimed Rs50 million exports have enhanced during last three months.

Published 28 Jan, 2020 12:00am

PN establishes medical camp at Shams Pir Island

With an aim to provide better medical facilities and create awareness on health issues, Pakistan Navy in collaboration with Sahil Welfare Association and Ulphat Foundation established Free Medical Camp at Shams Pir Island, Karachi.

Published 28 Jan, 2020 12:00am

Basharat inaugurates 'Charming Pakistan' expo

Provincial Minister for Law and Social Welfare Basharat Raja on Monday inaugurated an exhibition titled "Charming Pakistan" at the Lahore Arts Council (LAC) to showcase beautiful foliage, valleys and flowing streams to the public.

Published 28 Jan, 2020 12:00am

KP CM hands over cheque for Rs 15 million grant to PPC

KP Chief Minister Mahmood Khan has said that all the promises and announcements made with the journalist community would be fulfilled adding that the issue of media colony would also be resolved as per their desires.

Published 28 Jan, 2020 12:00am

Country facing 'epidemic' of obesity: expert

Pakistan is facing an epidemic of obesity where around 40 to 50 million people over the age of 20 years are obese and overweight, while obesity among children is also on the rise, resulting in premature deaths and permanent disability among Pakistani peop

Published 28 Jan, 2020 12:00am

Business & Economy

Sustainable Development Goals (SDGs): Study identifies opportunities for private sector to contribute

The Standard Chartered SDG Investment Map reveals an almost $10 trillion ($9.668 trillion) opportunity for private-sector investors across all emerging markets to help achieve the UN's Sustainable Development Goals (SDGs), with Pakistan representing $96.2

Published 28 Jan, 2020 12:00am

Business & Economy

PMT clarification

This is apropos a Business Recorder news item "Cost of RBOD-II project escalates due to mismanagement" carried by the newspaper on Jan 21, 2020. The Project Monitoring Team (PMT) has however clarified that it (PMT) is only entitled to assist in tec

Published 28 Jan, 2020 12:00am

SU bags 40 need-cum-merit-based scholarships

As many as 40 need-cum-merit based scholarships each worth Rs150,000 have come exclusively to art students of University of Sindh, Jamshoro. SU is among 15 out of around 200 higher education institutions to have won this rare award. This package comes fro

Published 28 Jan, 2020 12:00am

Non-availability of funds delays development works: Mayor

Mayor Karachi Wasim Akhtar on Monday said the KMC's development works could not be completed on time due to delay in the release of funds from the Sindh government.

Published 28 Jan, 2020 12:00am

Ghani orders probe into blast

Sindh Minister for Information, Archives and Labour Saeed Ghani on Monday visited the house in Mehmoodabad which was affected by gas leakage explosion. Speaking on the occasion, the provincial Information Minister said that directives had been issued to C

Published 28 Jan, 2020 12:00am

Business & Economy

Envoy for increased Indonesia-Pakistan trade

Consul General of Indonesia, Totok Prianamto has expressed keen interest to enhance trade ties with Pakistan. The Indonesian Consul General was speaking at a meeting of Pakistan Chemicals and Dyes Merchants Association (PCDMA), he said that as being a Mus

Published 28 Jan, 2020 12:00am

Money & Banking

PBIF chief urges SBP to cut interest rates

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain, has urged the central bank to reduce the interest rate to support the declining productive sector. A reduction in interest rates will trigger economic activities, attract i

Updated 28 Jan, 2020 06:36am

Import of olive plants: Private sector to get incentives: BMP

Secretary general, (Federal) of the Businessmen Panel (BMP), Ahmad Jawad, has demanded the government to give incentives to the private sector on the import of plants of olives, so that farmer will get proper price of the produce.

Published 28 Jan, 2020 12:00am

Business & Economy

PM vows support to Sindh developments schemes

The Prime Minister of Pakistan Imran Khan has assured the Chief Minister Sindh Syed Murad Ali Shah to expedite the process of Sindh government's schemes and said federal schemes in the province would be completed at the earliest.

Published 28 Jan, 2020 12:00am

Taxes

Anomaly in Annex-H: Rejected claims under FASTER system rolled back for correction, FBR tells exporters

The Federal Board of Revenue (FBR) Monday conveyed to exporters that the rejected claims under FASTER system with objection of anomaly in Annex-H have been rolled back for necessary correction and shall be processed as and when filed, provided the filing

Updated 28 Jan, 2020 06:43am

Business & Economy

Train operation system remains suspended

The train operation system of Pakistan Railways Karachi division remained affected as result of derailment of Rawalpindi bound Sir Syed Express in Khanewal city on Monday.

Published 28 Jan, 2020 12:00am

Taxes

Property & professional tax: Last date not to extend from 31st: E&T department

Sindh Excise and Taxation department has decided not to extend the last date for property and professional tax from January 31, 2020. The decision has been made at a meeting held at minister's office here on Monday, which was attended by Secretary Abdul H

Updated 28 Jan, 2020 06:34am

Money & Banking

Digital payment system: PM to launch Kafalat Programme on 31st: Dr Sania

Special Assistant to the Prime Minister on Social Protection and Poverty Alleviation, Dr Sania Nishtar here on Monday said Prime Minister Imran Khan would launch "Kafalat Programme" on January 31, under which Rs 2000 per month stipend would be paid to reg

Updated 28 Jan, 2020 06:34am

Thatta water supply reference: Zardari, other accused asked to appear before court on February 12

The Accountability Court hearing multibillion rupees fake bank accounts case on Monday summoned former president Asif Ali Zardari and other accused to appear before it in the Thatta water supply reference on February 12.

Published 28 Jan, 2020 12:00am

Faisalabad Tax Bar Association elects new office-bearers

The Faisalabad Tax Bar Association elected its new office-bearers on Monday. According to an announcement of the Faisalabad Tax Bar Association, Sheikh Muhammad Yousaf has been elected as President of Faisalabad Tax Bar Association and Mian Muhammad Afzal

Published 28 Jan, 2020 12:00am

Framing of rules by concerned departments: Fawad opposes parliamentary oversight on rules of ministries

Federal Minister for Science and Technology Fawad Chaudhry on Monday opposed the parliamentary oversight on the rules of ministries, saying the job of the Parliament is legislation and the rules should be framed by concerned departments.

Published 28 Jan, 2020 12:00am

Sacked KP ministers likely to meet PM soon

The sacked Khyber Pakhtunkhwa provincial ministers are likely to meet Prime Minister Imran Khan in a day or two to present their side of the story, sources close to the two sacked ministers including Atif Khan and Shehram Tarakai told Business Recorder

Published 28 Jan, 2020 12:00am

Commodities
Indonesia's 2019 nickel ore output surges, 2020 output to slow

Indonesia's 2019 nickel ore output stood at 52.8 million tonnes, Director of Minerals Yunus Saefulhak at the Ministry of Energy and Mineral Resources said on Thursday, more than double production of 22.1 million tonnes a year earlier.
Published 28 Jan, 2020 12:00am

Energy
Asia's naphtha hits 2-1/2-week low; gasoline gains

Asia's naphtha crack edged down six cents to touch a 2-1/2 week low of $78.78 a tonne on Friday, while spot trades were mostly muted as the Lunar New Year drew some participants away. Buying had been brisk between Monday and Thursday, where South Korea an
Updated 28 Jan, 2020 06:34am

Commodities
Thai rice rates soar on drought, demand shifts to India

Export prices for rice from Thailand jumped to their highest in more than two-and-a-half years as a drought threatened to sap supply, in turn boosting demand for a relatively cheaper variety from top exporter India.
Published 28 Jan, 2020 12:00am

Commodities
IGC raises forecast for 2019-20 world corn crop

The International Grains Council (IGC) on Thursday raised its forecast for global corn (maize) production in the 2019/20 season, driven mainly by upward revisions for China and the United States.
Published 28 Jan, 2020 12:00am

Commodities
Gold demand tepid in major Asian hubs

Physical gold demand was subdued in major Asian hubs this week on account of the Lunar New Year holidays with growing fears the coronavirus outbreak in China could further dampen activity.
Published 28 Jan, 2020 12:00am

Energy
US natural gas futures fall to four-year low

US natural gas futures were on track to drop to their lowest since March 2016 on forecasts for mild weather through early February and a small decline in liquefied natural gas exports. That price decline came despite production slowing to a four-month low
Updated 28 Jan, 2020 06:34am

Cotton & Textile
Sluggish activity seen on cotton market

Spot rate fell on the cotton market on Monday due to sluggish demand by mills and spinners, dealers said. The official spot rate drifted lower by Rs50 to Rs9050, they added. In the ready session, over 2000 bales of cotton changed hands between Rs8500-9150
Updated 28 Jan, 2020 06:59am

Commercial plans for Auqaf department properties finalised

Punjab Minister for Auqaf Sahibzada Syed Saeed-ul-Hassan Shah said Monday a commercial plan has been finalised for over 323 acre land of the department. He said some 124 properties of the department have been earmarked for this purpose. He said renovation
Published 28 Jan, 2020 12:00am

Taxes
'Nudging for development': 22nd issue of DAP launched

Pakistan can benefit by infusing nudges in policymaking by identifying potential areas like tax collection and controlling Hundi/ Hawala where it can offer low cost-effective solutions to address simple problems.
Published 28 Jan, 2020 12:00am

Brief Recordings
Pakistan Services Limited

Pakistan Services Limited (PSX: PSEL) was established in 1958 as a public limited company. It fundamentally operates in the hotel industry, operating a chain of 'Pearl Continental Hotels'. Currently, it owns six hotels across the country.
Updated 28 Jan, 2020 05:25am

Japanese chef makes history as he joins France's Michelin elite

Chef Kei Kobayashi became the first Japanese chef ever to win the maximum three Michelin stars in France on Monday. The 42-year-old, who was born in Nagano, was the biggest winner on a night when Japanese cooks triumphed in the backyard of French haute cu
Updated 28 Jan, 2020 05:32am

Prince Andrew accused of 'zero cooperation'

Prince Andrew has provided "zero cooperation" regarding late sex offender Jeffrey Epstein and has yet to respond to a FBI request for an interview, a US prosecutor said Monday. Andrew denies claims he had sex with a 17-year-old girl procured by Epstein an
Updated 28 Jan, 2020 05:32am

Iraq protesters rebuild torched camps as rocket attack sparks fears

Anti-government demonstrators rebuilt torched protest camps across Iraq on Monday, seeking to keep up their movement's momentum after a rocket attack on the US embassy in Baghdad threatened an escalation.
Updated 28 Jan, 2020 05:48am

Iran accuses Europe of 'racism' over nuclear deal move

Iran's foreign minister on Monday said Britain, France and Germany had shown "racism" by activating a dispute mechanism in the 2015 nuclear deal. In a televised speech in Tehran, Mohammad Javad Zarif slammed the "illusion" that "only the blue-eyed" could
Updated 28 Jan, 2020 06:07am

Eight dead in US boat dock blaze

Eight people were killed in a late night fire that swept through docked boats on a lake in the southern US state of Alabama, the local fire chief said Monday. "At this point, I can confirm eight fatalities," said Gene Necklaus, the fire chief of Scottsbor
Published 28 Jan, 2020 12:00am

Iran airliner overshoots runway, stops in highway

An Iranian passenger plane overshot a runway as it landed Monday in the southwestern city of Bandar-e Mahshahr, barrelling into an adjacent highway without causing casualties, state TV reported. "Arriving at Mahshahr airport, the pilot landed the aircraft
Published 28 Jan, 2020 12:00am

Barnier warns of inevitable Brexit 'damage'

The European Union's chief Brexit negotiator Michel Barnier on Monday warned Britain that its departure from the bloc later this week would have "negative consequences" and only ever be an exercise in "damage limitation". In a speech at Queen's University
Updated 28 Jan, 2020 05:42am

Portuguese hacker says he is behind Angola corruption leaks

Lawyers for a Portuguese computer hacker said on Monday he was responsible for revealing the dealings of Angolan billionaire Isabel dos Santos, a corruption scandal with fallout across Europe and Africa. The hacker, Rui Pinto, handed over a hard drive "co
Updated 28 Jan, 2020 05:59am

US confirms jet crash; rejects Taliban shoot-down

The US Defense Department confirmed Monday that a military jet crashed in Ghazni province in Afghanistan, but rejected Taliban suggestions that it was shot down. Afghanistan US Forces spokesman Colonel Sonny Leggett confirmed in a statement that the aircr
Updated 28 Jan, 2020 05:59am

Vienna to reward car-free travel with concert tickets

If you take public transport, cycle or walk in Vienna, you stand to gain more than fresh air and exercise, with the city unveiling an app on Monday to reward car-free travel with free concert and museum tickets. A total of 1,000 users will start a test of
Published 28 Jan, 2020 12:00am

Famed South African anti-apartheid photographer Santu Mofoken dies

One of South Africa's most celebrated anti-apartheid black photographers, Santu Mofokeng, has died at the age of 64, his friends said on Monday. Mofokeng, a fierce critic of how mainstream photojournalism represented black South Africans during the aparth
Published 28 Jan, 2020 12:00am

Trump insists Israeli-Palestinian plan has a 'chance'

President Donald Trump said alongside visiting Prime Minister Benjamin Netanyahu on Monday that his Israeli-Palestinian peace plan has a "chance" - despite being flatly rejected by the Palestinians.
Updated 28 Jan, 2020 06:04am

FO takes exception to Ghani's remarks

Pakistan has expressed 'serious' concern over Afghan President Ashraf Ghani's 'unwarranted' remarks over the arrest of Manzoor Pashteen, leader of the Pashtun Tahafuz Movement (PTM) Monday and described it as interference in the country's internal affairs
Published 28 Jan, 2020 12:00am

Removal of illegal constructions from parks: 'Contempt of court' petition filed in SC

A "contempt of court" petition was filed on Monday in Supreme Court (SC), Karachi Registry against the non-implementation of its orders by Sindh and city authorities to remove the illegal constructions in the parks of the city.
Published 28 Jan, 2020 12:00am

Business & Economy
Dawood-led team to attend conference in Nairobi

A trade delegation from domestic engineering industry, led by Advisor to the Prime Minister on Industries & Production, Commerce, Textile and Investment Abdul Razak Dawood, will attend "1st Africa-Pakistan Trade Development Conference" from 30th-31st Janu
Published 28 Jan, 2020 12:00am

'Galiyat Snow Festival' from January 31

The Tourism Corporation Khyber Pakhtunkhwa (TCKP) and Galiyat Development Authority (GDA) are jointly organising a three-day Galiyat Snow Festival 2020 in the scenic Nathiagali and other serene spots from January 31.
Published 28 Jan, 2020 12:00am

Parliamentary panel irked by HEC's lack of coordination

A parliamentary panel on Monday showed utter displeasure over lack of coordination and information sharing of Higher Education Commission (HEC) with Auditor General of Pakistan (AGP), National Accountability Bureau (NAB) and other relevant departments and
Published 28 Jan, 2020 12:00am

Governor inaugurates charitable hospital at Kot Lakhpat Jail

Punjab Governor Chaudhry Mohammad Sarwar here on Monday inaugurated Abdul Aleem Khan Foundation Hospital equipped with all modern facilities here at Kot Lakhpat Jail where mentally retarded prisoners, women and children will be extended healthcare facilit
Published 28 Jan, 2020 12:00am

Sarwar lauds CAA for AIIA operations

Federal Aviation Minister Ghulam Sarwar Khan has visited Allama Iqbal International Airport to oversee precautionary measures taken by Pakistan Civil Aviation Authority (CAA) in view of Coronavirus outspread and interacted with Federal Government Health O
Published 28 Jan, 2020 12:00am

War against terrorism: Pakistan's sacrifices highly commendable: Italian envoy

Italian Ambassador to Pakistan Stefano Pontecorvo has said that Pakistan's sacrifices in the war against terrorism and efforts in restoration of peace are highly commendable.
Published 28 Jan, 2020 12:00am

Shifa Hospital perform first-ever TAVI in Islamabad

The cardiology team at Shifa International Hospital has performed first ever Transcatheter Aortic Valve Implantation (TAVI) procedure in Islamabad on an elderly patient suffering from critical heart condition.
Published 28 Jan, 2020 12:00am

CFAP, MSA: ICAP announces exam results

The Institute of Chartered Accountant of Pakistan (ICAP) has announced the results of Certified Finance and Accounting Professional (CFAP) and Multi Subject Assessment (MSA) Examination held in December 2019. 271 examinees qualified, whereas 154 examinees
Published 28 Jan, 2020 12:00am

Government being run through ordinances: Rabbani

Existing parliament have less powers than Majlis-e-Shura of Gen Zia-ul-Haq, former chairman Senate Raza Rabbani lamented while addressing opening session of 1st International Conference on Diversity and Social Inclusion, organised by University of Managem
Published 28 Jan, 2020 12:00am

Business & Economy
Punjab CM accords approval to 'Multan Development Package'

Chief Minister Punjab Sardar Usman Buzdar in a meeting with assembly members from Multan here on Monday accorded approval to the Multan Development Package worth billions of rupees. Foreign Minister Shah Mehmood Qureshi who also attended the meeting thank
Published 28 Jan, 2020 12:00am

New DFID head meets Buzdar

The new DFID head in Pakistan Annable Gerry called on Chief Minister Sardar Usman Buzdar at his office here on Monday. The chief minister congratulated her and expressed good wishes. He said the welfare of the people is a collective objective and health a
Published 28 Jan, 2020 12:00am

Articles
Partly Facetious : Identifying the Punjab conspirators

"The Khan says he knows who is behind the conspiracy in Punjab.'"
Published 28 Jan, 2020 12:00am

Money & Banking
Chinese yuan down, yen rises in Asia

The yuan fell in offshore trade on Monday to its lowest level in three weeks as the death toll in China from the spread of a new coronavirus mounted, raising worries authorities are struggling to contain the outbreak and sparking a bout of risk aversion.
Updated 28 Jan, 2020 06:46am

Money & Banking
Early trade in New York: Dollar, yen strengthen

The US dollar index, the Japanese yen and the Swiss franc rose on Monday morning, while the offshore yuan tumbled to a 2020 low as growing fears about the spread of a coronavirus from China pushed investors into safer assets.
Updated 28 Jan, 2020 06:47am

Money & Banking
Yuan, commodity-linked currencies slide in Europe

China's yuan tumbled to a 2020 low on Monday and commodity-linked currencies such as the Australian dollar fell, as growing fears about the spread of a coronavirus from China pushed investors into safer assets.
Updated 28 Jan, 2020 07:14am

Money & Banking
Currencycloud raises $80 million from Visa, BNP Paribas and others

London-based financial technology startup Currencycloud has raised $80 million in funding from strategic investors including Visa Inc, BNP Paribas SA, SBI Group, Siam Commercial Bank and the International Finance Corp, the company said on Sunday.
Updated 28 Jan, 2020 07:05am

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