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Apr 29, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2020-02-04
Who authorises probe against judges, SC asks centre

Who authorises probe against judges, SC asks centre

The federal government has been directed to submit who authorized the investigation against the judges and under what law the government functionaries can discuss the references when those were before the Supreme Judicial Council.
Published 04 Feb, 2020 12:00am
Nasir Shah made Sindh Information Minister

Nasir Shah made Sindh Information Minister

Sindh Chief Minister Syed Muad Ali Shah reshuffled the Sindh cabinet on Monday, by assigning additional and new portfolios to certain ministers, Aaj news reported. According to a notification by the chief secretary, Saeed Ghani has been given the addition
Published 04 Feb, 2020 12:00am
MoF lists factors behind higher food inflation

MoF lists factors behind higher food inflation

The Ministry of Finance has said that adverse effects of pre-monsoon rains on wheat crop, disruption of supply chain of essential items owing to harsh winter, delay in harvest and arrival of crop in the market, and lower production of vegetables, especial
Published 04 Feb, 2020 12:00am
IMF team briefed about recent developments

IMF team briefed about recent developments

The International Monetary Fund (IMF) mission held a meeting with the advisor on finance Dr Hafeez Sheikh, Governor State Bank of Pakistan (SBP) Dr Reza Baqir and high-ups of Federal Board of Revenue (FBR) and later on a plenary meeting with the governmen
Published 04 Feb, 2020 12:00am
Hafeez says prices of food items to come down 'soon'

Hafeez says prices of food items to come down 'soon'

Advisor to Prime Minister on Finance and Revenue Hafeez Shaikh Monday said that inflation rate in the country would start receding soon which would gradually come down to a comfortable level. The advisor said the federal government had taken a number of i
Published 04 Feb, 2020 12:00am
KSE-100 Index bleeds: BRIndex100 nosedives
Stocks

KSE-100 Index bleeds: BRIndex100 nosedives

Pakistan Stock Exchange Monday nosedived due to panic selling by local and foreign investors. BRIndex100 lost 141.35 points or 3.24 percent to close at 4,215.72 points. BRIndex100 touched intraday high of 4,337.18 and intraday low of 4,190.73 points. Volu
Published 04 Feb, 2020 12:00am
February 13-14 visit: Businesspeople to accompany Erdogan

February 13-14 visit: Businesspeople to accompany Erdogan

Ministry of Foreign Affairs (MoFA) and Ministry of Economic Affairs (MoEA) are said to be fighting each other for taking lead during the forthcoming visit of Turkish President, Recep Tayyip Erdogan on February 13-14, 2020, well-informed sources told Bu
Published 04 Feb, 2020 12:00am
UAE discovers trillions of cubic feet of shallow gas reserves

UAE discovers trillions of cubic feet of shallow gas reserves

The United Arab Emirates, a leading OPEC producer, announced Monday the discovery of huge gas reserves, saying the find would help the Gulf state achieve self-sufficiency. Abu Dhabi National Oil Co (ADNOC) said about 80 trillion cubic feet (2.2 trillion c
Published 04 Feb, 2020 12:00am
China accuses US of whipping up panic

China accuses US of whipping up panic

China accused the United States on Monday of whipping up panic over a fast-spreading coronavirus with travel restrictions and evacuations as Chinese stocks plunged on the first day back from the extended Lunar New Year holiday.
Published 04 Feb, 2020 12:00am
Coronavirus: SOPs shared with provinces: SAPM

Coronavirus: SOPs shared with provinces: SAPM

Special Assistant to Prime Minister on National Health Services, Regulations and Coordination Dr Zafar Mirza said on Monday that there is not a single confirmed case of coronavirus in Pakistan. While addressing a press conference along with Chinese Ambass
Published 04 Feb, 2020 12:00am
SECP reduces minimum net worth requirement for TSC brokers

SECP reduces minimum net worth requirement for TSC brokers

The Securities and Exchange Commission of Pakistan (SECP) on Monday reduced minimum net worth requirement for the Trading & Self-Clearing (TSC) brokers from Rs 150 million to Rs 75 million under the plan to provide maximum facilitation to market participa
Published 04 Feb, 2020 12:00am
OIC rejects Trump's Mideast plan

OIC rejects Trump's Mideast plan

The Organisation of Islamic Cooperation on Monday rejected US President Donald Trump's peace plan for the Middle East, calling on its 57 member states not to help implement it.
Published 04 Feb, 2020 12:00am
PM arrives in Kuala Lumpur

PM arrives in Kuala Lumpur

Prime Minister Imran Khan arrived at Malaysia for two-day visit on the invitation of Mahathir Mohamad, PM Office said on Monday The Prime Minister upon arrival his at Bunga Raya Complex, Kuala Lumpur International Airport was received by Minister for Defe
Published 04 Feb, 2020 12:00am
White House hopefuls brace for Iowa vote with Sanders surging

White House hopefuls brace for Iowa vote with Sanders surging

After seven debates, countless rallies and an impeachment effort to remove the US president, Iowa holds the first in a series of votes across the nation Monday to decide the Democratic challenger for the White House - led by a surging Bernie Sanders.
Published 04 Feb, 2020 12:00am
Chairperson, members of CCP: IHC sets aside termination orders

Chairperson, members of CCP: IHC sets aside termination orders

The Islamabad High Court on Monday set aside the termination orders of the chairperson and members of the Competition Commission of Pakistan (CCP). A single bench comprising Justice Mian Gul Hassan Aurangzeb heard the petition of the chairperson and the m
Published 04 Feb, 2020 12:00am
Coronavirus spectre
Letters

Coronavirus spectre

It is indeed a matter of great satisfaction that no case of coronavirus has been reported in Pakistan. It is also heartening to note that all ministries and divisions of government are on board to tackle coronavirus patients when and where found in the co
Published 04 Feb, 2020 12:00am
The price of defeat
Articles

The price of defeat

US Special Envoy for Afghan Peace and Reconciliation Zalmay Khalilzad is once more treading the well worn path of a political settlement of the Afghan war that would allow a defeated US a face-saving exit while saving as much of the Afghan government of A
Published 04 Feb, 2020 12:00am
IMF's projections for 2019-20
Articles

IMF's projections for 2019-20

The first review report prepared by the IMF staff became available in late-December 2019. This followed the successful completion by Pakistan of this review. All the performance criteria were met. This has improved perceptions about the extent of success
Published 04 Feb, 2020 12:00am
Pressure for Afghan peace deal

Pressure for Afghan peace deal

The US Envoy for Afghan Peace and Reconciliation, Zalmay Khalilzad, has restarted his shuttle diplomacy to push the peace process forward. After renewed talks with the Afghan Taliban in Doha, Qatar, Zalmay Khalilzad arrived in Islamabad on January 31, 202
Updated 04 Feb, 2020 10:24am
A further jump in inflation

A further jump in inflation

According to the latest figures released by the Pakistan Bureau of Statistics, average consumer price index (national) July-January was 11.60 percent against 5.90 percent in the comparable period the year before with urban at 11.32 percent against 6.27 pe
Updated 04 Feb, 2020 06:47am
NA Speaker reaffirms support to Kashmir cause

NA Speaker reaffirms support to Kashmir cause

Speaker National Assembly Asad Qaiser has said that Pakistan will continue supporting the Kashmiris in their struggle for right of self-determination as per the resolutions of the United Nations (UN) and will always stand by the oppressed Kashmiris.
Published 04 Feb, 2020 12:00am
Government asked to ban export of masks, disposable gloves

Government asked to ban export of masks, disposable gloves

To deal with any untoward situation of coronavirus in the country, the National Disaster Management Authority (NDMA) has recommended the government to ban the export of face masks and disposable gloves.
Published 04 Feb, 2020 12:00am
New LGH grid station now functional

New LGH grid station now functional

With the cost of Rs 110 million, the new Grid Station of Lahore General Hospital (LGH) is now fully functional making it possible to provide uninterrupted power supply to the hospital. Principal Postgraduate Medical Institute & Amiruddin Medical College P
Published 04 Feb, 2020 12:00am
Bail pleas of Khaqan, Ahsan: IHC issues notices to NAB

Bail pleas of Khaqan, Ahsan: IHC issues notices to NAB

The Islamabad High Court (IHC) Monday issued notices to National Accountability Bureau (NAB) in bail pleas of former prime minister and member of the National Assembly Shahid Khaqan Abbasi and MNA Ahsan Iqbal. A division bench of the IHC comprising Chief
Published 04 Feb, 2020 12:00am
Waste Water System PIL-11: Sindh government, USAID ink agreement

Waste Water System PIL-11: Sindh government, USAID ink agreement

The Sindh government and USAID, in presence of Sindh Chief Minister Syed Murad Ali Shah, signed an agreement for launching a Project for Upgradation and Rehabilitation of Waste Water System PIL-11 for Jacobabad city at a cost of $40 million.
Published 04 Feb, 2020 12:00am
KCR revival: Ministry agrees to hand over KUTC, ROW to Sindh government

KCR revival: Ministry agrees to hand over KUTC, ROW to Sindh government

The Sindh government and Pakistan Railways have decided to resolve all the pending issues relating to Karachi Circular Railways. These include handing over of federally-owned Karachi Urban Transport Company (KUTC) and Right of Way (ROW) to provincial gove
Published 04 Feb, 2020 12:00am
FFC reduces urea prices

FFC reduces urea prices

Fauji Fertilizer Company Ltd has reduced its Urea price by Rs. 300 per bag effective 28 January 2020. The benefit of cut in GIDC by Government of Pakistan has been immediately passed on to the farmers. This considerable reduction in urea prices has provid
Published 04 Feb, 2020 12:00am
Government criticised over rising food inflation
Business & Economy

Government criticised over rising food inflation

Spokesperson for Sindh government and the provincial Adviser on Law, Environment, Barrister Murtaza Wahab has said in a press conference held at Sindh Assembly Building, Media Corner that the incompetent government of PTI has snatched the bread from the m
Published 04 Feb, 2020 12:00am
Role of UK-based companies praised
Business & Economy

Role of UK-based companies praised

The UK Trade Commissioner for Middle East, Afghanistan and Pakistan, Simon Penney Monday said that the UK-based companies are increasing their businesses in the growing Pakistani market as Unilever has invested $120 million to enhance its production capac
Published 04 Feb, 2020 12:00am
Three alleged terrorists held

Three alleged terrorists held

The Punjab Counter-Terrorism Department (CTD) claimed on Monday to have arrested three terrorists and seized explosive material in huge amount from them.
Published 04 Feb, 2020 12:00am
WeBoC system launched at Kharlachi Customs station
Taxes

WeBoC system launched at Kharlachi Customs station

The Customs Collectorate Appraisement Peshawar administration has formally launched the WeBoC - Web based One Customs system at Customs station Kharlachi, Kurram district. The import and export goods clearance process will be carried out at Customs statio
Published 04 Feb, 2020 12:00am
Government to encourage private sector in energy sector: SAPM
Energy

Government to encourage private sector in energy sector: SAPM

Special Assistant to the Prime Minister (SAPM) on Petroleum Nadeem Babar Monday said the government would encourage private sector in energy sector by providing them level playing field so that an atmosphere of competition among all players would be ensur
Published 04 Feb, 2020 12:00am
All refund cases audited, subjected to scrutiny: FBR
Taxes

All refund cases audited, subjected to scrutiny: FBR

Federal Board of Revenue (FBR) Monday categorically declared that processing of the case may take time but it is certain that all refund cases are audited and subjected to scrutiny. According to the FBR's response to the allegations of issuance of refunds
Published 04 Feb, 2020 12:00am
Punjab to launch e-procurement: Makhdoom

Punjab to launch e-procurement: Makhdoom

Punjab Finance Minister Makhdoom Hashim Jawan Bakht has said that the Punjab government is set to launch e-procurement after successful launch of e-stamping. He was speaking at a seminar organised by National School of Public Policy on Monday. He said the
Published 04 Feb, 2020 12:00am
KNM for controlling hazardous emission along KKH

KNM for controlling hazardous emission along KKH

The emission of hazardous gases from cargo transportation along the Karakoram Highway (KKH) is feared to increase the air pollution, causing health complications to the dwellers of Gilgit-Baltistan.
Published 04 Feb, 2020 12:00am
CJP requests federal ombudsman to look into matters of CAA, KPT

CJP requests federal ombudsman to look into matters of CAA, KPT

Chief Justice of Pakistan Gulzar Ahmed has desired the Federal Ombudsman to look into the matters of the Civil Aviation Authority and Karachi Port Trust and ensure that there is no maladministration in these departments as they are vital institutions, bes
Published 04 Feb, 2020 12:00am
PHEC to expand community college programme

PHEC to expand community college programme

Punjab Higher Education Commission (PHEC) is all set to expand the community college programme in more colleges across Punjab. This was told by Prof Dr Fazal Ahmad Khalid, Chairman PHEC, while presiding over an interactive session with the principals of p
Published 04 Feb, 2020 12:00am
Performance of Nespak highlighted
Business & Economy

Performance of Nespak highlighted

National Engineering Services Pakistan (NESPAK) PVT Limited a public sector engineering services and consultancy organisation, has made record progress during 2018/19 by acquiring 87 new projects worth Rs11.14 billion showing an increase of 11 percent mor
Published 04 Feb, 2020 12:00am
Punjab governor praises role of armed forces

Punjab governor praises role of armed forces

Punjab Governor Chaudhry Mohammad Sarwar has said that entire world acknowledges the sacrifices rendered by Pakistan Armed Forces. The 220 million people of Pakistan will jointly have to defeat the economic and all other challenges. Present government is
Published 04 Feb, 2020 12:00am
Book launch at PU

Book launch at PU

Punjab University Department of Economics will organize book launching ceremony of Dr Pervez Tahir on 'Making Sense of Joan Robinson on China' on Tuesday. PU VC Prof Niaz Ahmad Akhter will be the chief guest while VC Pakistan Institute of Development Econ
Published 04 Feb, 2020 12:00am
BankIslami wins four prestigious NFEH's awards
Money & Banking

BankIslami wins four prestigious NFEH's awards

BankIslami, one of the leading technologically advanced banks of Pakistan with 330 branches in 114 cities, won four prestigious awards at the National Forum for Environment & Health (NFEH) in a ceremony held recently. The four categories included Biodiver
Published 04 Feb, 2020 12:00am
AC acquits ex-PM Raja Pervez

AC acquits ex-PM Raja Pervez

An accountability court on Monday acquitted former prime minister Raja Pervez Ashraf in a reference of making illegal appointments in Gujranwala Electric Power Company (Gepco) four years after the National Accountable Bureau (NAB) had filed a reference ag
Published 04 Feb, 2020 12:00am
PCJCCI to hold workshop for entrepreneurs
Business & Economy

PCJCCI to hold workshop for entrepreneurs

Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) have launched a move to equip SMEs and corporate sector with the skill of "Consumer Psychology and Conflict Management". PCJCCI will hold a one-day workshop in collaboration with Featured Trai
Published 04 Feb, 2020 12:00am
Faisalabad businessmen agree to defer protest
Business & Economy

Faisalabad businessmen agree to defer protest

The business community of Faisalabad has deferred its protestation of February 08 and wheel-jam strike call of February 10 on the assurance of Governor Punjab Chaudhry Mohammad Sarwar. Meanwhile, a joint committee consisting of local parliamentarians and
Published 04 Feb, 2020 12:00am
Transfers & postings in Lesco

Transfers & postings in Lesco

Large scale transfers and postings of Sub Division Officers (SDOs) have taken place in Lahore Electric Supply Company (LESCO) after the removal of ban on transfers in the company. Power division has removed ban that has led to massive transfers and postin
Published 04 Feb, 2020 12:00am
SBP acts to boost digital payments
Money & Banking

SBP acts to boost digital payments

To further improve the digital payment services landscape in the country and promote financial inclusion, State Bank of Pakistan (SBP) has issued instructions to the banking industry for improving the acceptance of payment cards in the country.
Published 04 Feb, 2020 12:00am
Gold price down by Rs 450

Gold price down by Rs 450

Gold on Monday was traded for Rs 91,050 per tola, down by Rs 450 on the local market, traders said. Selling of the precious metal was also closed for Rs 78,061 per 10 grams, down by Rs 385 and $1,579 an ounce, down by $11. Silver was selling for Rs1000 pe
Published 04 Feb, 2020 12:00am
TPL Properties Limited
Brief Recordings

TPL Properties Limited

TPL Properties Limited (PSX: TPLP) was established as a private limited company in 2007 under the Companies Ordinance, 1984. It conducted its initial public offering in June 2016.
Updated 04 Feb, 2020 06:26am
Turkey and Syrian regime in deadly flare-up

Turkey and Syrian regime in deadly flare-up

Turkish and Syrian troops traded fire in northwest Syria on Monday, with more than 20 reported dead, further raising tension between Ankara and regime ally Moscow over the rebel enclave in war-torn Idlib. Russian air strikes also killed 14 civilians in th
Published 04 Feb, 2020 12:00am
Patti Smith guitarist Ivan Kral dies

Patti Smith guitarist Ivan Kral dies

Czech rock guitarist, songwriter and producer Ivan Kral, who played with Patti Smith, Iggy Pop and David Bowie, has died aged 71, the organisers of a Prague festival said Monday. Kral died of cancer in his Michigan home, his wife Cindy Hudson said on Twit
Published 04 Feb, 2020 12:00am
Drone alert stops air traffic at Madrid airport

Drone alert stops air traffic at Madrid airport

Madrid airport, Spain's main air hub, was forced to suspend flights for about 30 minutes on Monday because drones were believed to be flying nearby, authorities said.
Published 04 Feb, 2020 12:00am
Air Canada plane makes emergency landing in Madrid

Air Canada plane makes emergency landing in Madrid

An Air Canada flight made an emergency landing in Madrid on Monday following technical problems just hours after taking off from the city's Barajas airport, Spanish officials said. "Air Canada flight AC837 flying from Madrid to Toronto had an engine probl
Published 04 Feb, 2020 12:00am
UK journalists walk out in government briefing protest

UK journalists walk out in government briefing protest

British journalists walked out of a government briefing on Monday in protest at the exclusion of other reporters, in the latest tensions between Prime Minister Boris Johnson's team and the media. It is not unusual for political advisers to speak to select
Published 04 Feb, 2020 12:00am
YouTube to ban 'manipulated' content linked to elections
IT & Computers

YouTube to ban 'manipulated' content linked to elections

YouTube said Monday it would remove election-related videos that are "manipulated or doctored" to mislead voters, as part of its efforts to stem online misinformation. The Google-owned video service said it was taking the measures as part of an effort to
Published 04 Feb, 2020 12:00am
Pompeo touts US ties to 'reforming' Uzbekistan on last leg of tour

Pompeo touts US ties to 'reforming' Uzbekistan on last leg of tour

US Secretary of State Mike Pompeo on Monday showered praise on Uzbekistan's recent reform drive as he concluded a week-long trip in a region dominated by Chinese and Russian interests. Pompeo held talks with Uzbek President Shavkat Mirziyoyev, who has emb
Published 04 Feb, 2020 12:00am
WorldCom fraudster Bernard Ebbers dies at 78

WorldCom fraudster Bernard Ebbers dies at 78

Bernard Ebbers, the ex-WorldCom chief executive who was jailed after overseeing an $11 billion accounting fraud, has died, US media reported Sunday. He was 78. Ebbers, a religious man dubbed the "Telecom cowboy" during his heyday, turned a sleepy Mississi
Published 04 Feb, 2020 12:00am
Slovenia's first mosque opens after 50 years

Slovenia's first mosque opens after 50 years

Slovenia's first mosque opened in the capital Ljubljana on Monday after surmounting financial hurdles and right-wing opposition, 50 years after the initial request to build was made. Opponents of the project - including those who criticised its Qatari fin
Published 04 Feb, 2020 12:00am
Mercenary 'Mad Mike' Hoare dies aged 100

Mercenary 'Mad Mike' Hoare dies aged 100

Mike Hoare, one of Africa's best-known mercenaries who fought in the Democratic Republic of Congo and led a failed coup in the Seychelles, has died aged 100, the family said on Monday. Nicknamed "Mad Mike", Hoare died on Sunday in South Africa where he ha
Published 04 Feb, 2020 12:00am
Russia not target in US army's massive Europe deployment: NATO

Russia not target in US army's massive Europe deployment: NATO

NATO chief Jens Stoltenberg insisted Monday that a massive transfer of US and allied troops to Eastern Europe as part of a military exercise was not aimed at Russia. About 37,000 soldiers from 18 countries are to participate in the US-run manoeuvre dubbed
Published 04 Feb, 2020 12:00am
First UN 'mercy flight' leaves rebel-held Sanaa

First UN 'mercy flight' leaves rebel-held Sanaa

Yemeni children in critical need of medical care were evacuated Monday from the rebel-held capital Sanaa, in what the United Nations hopes will be the first of many "mercy flights".
Published 04 Feb, 2020 12:00am
Yuan, Aussie on back foot in Asia
Money & Banking

Yuan, Aussie on back foot in Asia

The yuan and its proxy, the Australian dollar, were on the defensive on Monday as China's share market reopened with big losses after the Lunar New Year break and anxiety over a virus outbreak in the country kept investors on guard.
Published 04 Feb, 2020 12:00am
Early trade in New York: Yen, Swiss franc fall
Money & Banking

Early trade in New York: Yen, Swiss franc fall

The safe-haven yen and Swiss franc retreated on Monday, as risk sentiment improved and fears about the coronavirus eased after China took measures to cushion the impact of the new epidemic and pledged to do more to contain it and support the country's fin
Published 04 Feb, 2020 12:00am
China's yuan weakens in European trade
Money & Banking

China's yuan weakens in European trade

China's offshore yuan dropped to a more than seven-week low on Monday, but a drop in the safe-haven Japanese yen suggested fears surrounding the spread of coronavirus in China were ebbing for now. Chinese markets took a beating in the first trading sessio
Published 04 Feb, 2020 12:00am
Asian currencies down as virus worries pound yuan
Money & Banking

Asian currencies down as virus worries pound yuan

The yuan weakened over 1% in onshore trade on Monday after Chinese markets reopened following an extended Lunar New Year break, pulling down already bruised Asian currencies as worries over the coronavirus outbreak cast a pall over the region.
Published 04 Feb, 2020 12:00am
Aussie near decade low as yields hit all-time nadir
Money & Banking

Aussie near decade low as yields hit all-time nadir

The Australian dollar was precariously poised near a decade trough on Monday, as short-term bond yields hit all-time lows on wagers interest rates would have to be cut at least once to offset the economic fallout from the coronavirus.
Published 04 Feb, 2020 12:00am
Chilean peso leads charge in Latam FX
Money & Banking

Chilean peso leads charge in Latam FX

Latin American currencies bounced higher on Monday, led by Chile's peso as data showed economic activity in the country picked up in December even as fears around the coronavirus epidemic weighed on most other emerging markets.
Published 04 Feb, 2020 12:00am
Bangladesh squad arriving tomorrow
Cricket

Bangladesh squad arriving tomorrow

Bangladesh cricket team will be arriving on Wednesday (February 5) for the first of the two-match Test series at the Pindi Cricket Stadium, Rawalpindi, from February 7 to 11.
Published 04 Feb, 2020 12:00am
Bangladesh coach rues Pakistan fixture list
Cricket

Bangladesh coach rues Pakistan fixture list

Bangladesh begin a to-and-fro commute to Pakistan Wednesday for a Test and one-day international series sandwiched between home fixtures - a quirky fixture list prompted by security fears.
Published 04 Feb, 2020 12:00am
Babar Azam retains top T20 ranking
Cricket

Babar Azam retains top T20 ranking

Skipper of Pakistan T20i squad Babar Azam, who is the third Pakistan batsman to score a half-century in the recently held Bangladesh series, has retained the top slot among batsmen as well as his aggregate of 879 points in the ICC Men's T20I Player Rankin
Published 04 Feb, 2020 12:00am
Pakistan face India in U-19 Cricket World Cup semis
Cricket

Pakistan face India in U-19 Cricket World Cup semis

Arch-rivals Pakistan and India will lock horns in the first semi-final of the ICC U-19 Cricket World Cup at the JB Marks Oval, Potchefstroom (South Africa) on Tuesday. The high-octane clash is set to capture the attention of millions of cricket fans in th
Published 04 Feb, 2020 12:00am
China's anti-doping agency halts testing due to coronavirus
Other

China's anti-doping agency halts testing due to coronavirus

China's state anti-doping agency "temporarily" suspended testing on Monday less than six months before the Tokyo Olympics in response to the coronavirus epidemic, the International Testing Agency told AFP.
Published 04 Feb, 2020 12:00am
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