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Nov 02, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-01-13
Government seeks second LNG terminal before 2018 polls

Government seeks second LNG terminal before 2018 polls

Pakistan has launched a tender for a second liquefied natural gas (LNG) import terminal, a government official said on Tuesday. The nation of 190 million people can only supply about two-thirds of its gas needs. The ruling party, which campaigned on promi
Published 13 Jan, 2016 12:00am
Government seeks second LNG terminal before 2018 polls

Government seeks second LNG terminal before 2018 polls

Pakistan has launched a tender for a second liquefied natural gas (LNG) import terminal, a government official said on Tuesday. The nation of 190 million people can only supply about two-thirds of its gas needs. The ruling party, which campaigned on promi
Published 13 Jan, 2016 12:00am
Messi named ambassador for Dubai Expo 2020

Messi named ambassador for Dubai Expo 2020

Fresh from being awarded a record fifth Ballon d'Or, Lionel Messi was on Tuesday named as global ambassador for the Dubai World Expo in 2020. "Lionel Messi's performances on the football pitch bring people together, and as a result his influence reaches f
Published 13 Jan, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (January 12, 2016).

Published 13 Jan, 2016 12:00am
Messi named ambassador for Dubai Expo 2020

Messi named ambassador for Dubai Expo 2020

Fresh from being awarded a record fifth Ballon d'Or, Lionel Messi was on Tuesday named as global ambassador for the Dubai World Expo in 2020. "Lionel Messi's performances on the football pitch bring people together, and as a result his influence reaches f
Published 13 Jan, 2016 12:00am
Bio-metric machines: SBP extends deadline for installation

Bio-metric machines: SBP extends deadline for installation

State Bank of Pakistan (SBP) on Tuesday extended deadline by three months for installation of bio-metric machines at bank branches. Earlier, on June 8, 2015, SBP directed all banks/DFIs to make use of bio-metric technology at the branch level for verifica
Published 13 Jan, 2016 12:00am
Bio-metric machines: SBP extends deadline for installation

Bio-metric machines: SBP extends deadline for installation

State Bank of Pakistan (SBP) on Tuesday extended deadline by three months for installation of bio-metric machines at bank branches. Earlier, on June 8, 2015, SBP directed all banks/DFIs to make use of bio-metric technology at the branch level for verifica
Published 13 Jan, 2016 12:00am
Bio-metric machines: SBP extends deadline for installation

Bio-metric machines: SBP extends deadline for installation

State Bank of Pakistan (SBP) on Tuesday extended deadline by three months for installation of bio-metric machines at bank branches. Earlier, on June 8, 2015, SBP directed all banks/DFIs to make use of bio-metric technology at the branch level for verifica
Published 13 Jan, 2016 12:00am
CoAS visits Punjab Regimental Centre

CoAS visits Punjab Regimental Centre

Chief of Army Staff (CoAS) General Raheel Sharif on Tuesday visited Punjab Regimental Centre in Mardan. According to Inter-Services Public Relations (ISPR), the Army Chief visited the Punjab regimental centre on Tuesday during his visit to Mardan. During
Published 13 Jan, 2016 12:00am
CoAS visits Punjab Regimental Centre

CoAS visits Punjab Regimental Centre

Chief of Army Staff (CoAS) General Raheel Sharif on Tuesday visited Punjab Regimental Centre in Mardan. According to Inter-Services Public Relations (ISPR), the Army Chief visited the Punjab regimental centre on Tuesday during his visit to Mardan. During
Published 13 Jan, 2016 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 13 Jan, 2016 12:00am
Kuwait sentences two to death for 'spying for Iran'

Kuwait sentences two to death for 'spying for Iran'

Kuwait on Tuesday sentenced two defendants to death, including an Iranian being tried in absentia, after they were convicted of "spying for Iran" and plotting attacks in the Gulf country. The Iranian, Abdulreda Hayder, was on trial along with 25 Kuwaiti S
Published 13 Jan, 2016 12:00am
Kuwait sentences two to death for 'spying for Iran'

Kuwait sentences two to death for 'spying for Iran'

Kuwait on Tuesday sentenced two defendants to death, including an Iranian being tried in absentia, after they were convicted of "spying for Iran" and plotting attacks in the Gulf country. The Iranian, Abdulreda Hayder, was on trial along with 25 Kuwaiti S
Published 13 Jan, 2016 12:00am
Asif, Tajik President discuss energy-related projects

Asif, Tajik President discuss energy-related projects

Federal Minister for Water and Power Khawaja Muhammad Asif Tuesday called on President of Republic of Tajikistan Emomali Rahmon in Dushanbe, Tajikistan. Khawaja Muhammad Asif is on a two-day visit leading Pakistani delegation to Joint Working Group on Ene
Published 13 Jan, 2016 12:00am
Asif, Tajik President discuss energy-related projects

Asif, Tajik President discuss energy-related projects

Federal Minister for Water and Power Khawaja Muhammad Asif Tuesday called on President of Republic of Tajikistan Emomali Rahmon in Dushanbe, Tajikistan. Khawaja Muhammad Asif is on a two-day visit leading Pakistani delegation to Joint Working Group on Ene
Published 13 Jan, 2016 12:00am
Asif, Tajik President discuss energy-related projects

Asif, Tajik President discuss energy-related projects

Federal Minister for Water and Power Khawaja Muhammad Asif Tuesday called on President of Republic of Tajikistan Emomali Rahmon in Dushanbe, Tajikistan. Khawaja Muhammad Asif is on a two-day visit leading Pakistani delegation to Joint Working Group on Ene
Published 13 Jan, 2016 12:00am
Tax reform implementation body to be notified soon

Tax reform implementation body to be notified soon

The Federal Board of Revenue (FBR) will shortly notify Tax Reform Implementation Committee to ensure smooth implementation of recommendations of the Tax Reform Commission (TRC). It is learnt that the committee would be headed by Haroon Akhtar Khan, Specia
Published 13 Jan, 2016 12:00am
Tax reform implementation body to be notified soon

Tax reform implementation body to be notified soon

The Federal Board of Revenue (FBR) will shortly notify Tax Reform Implementation Committee to ensure smooth implementation of recommendations of the Tax Reform Commission (TRC). It is learnt that the committee would be headed by Haroon Akhtar Khan, Specia
Published 13 Jan, 2016 12:00am
Tax reform implementation body to be notified soon

Tax reform implementation body to be notified soon

The Federal Board of Revenue (FBR) will shortly notify Tax Reform Implementation Committee to ensure smooth implementation of recommendations of the Tax Reform Commission (TRC). It is learnt that the committee would be headed by Haroon Akhtar Khan, Specia
Published 13 Jan, 2016 12:00am
Promotions: IHC issues notices

Promotions: IHC issues notices

The Islamabad High Court (IHC) on Tuesday issued notices to respondents in response to a federal government's Intra-Court Appeal in promotion of bureaucrats case. Prime Minister Nawaz Sharif had promoted over 300 bureaucrats on the recommendations of Cent
Published 13 Jan, 2016 12:00am
Promotions: IHC issues notices

Promotions: IHC issues notices

The Islamabad High Court (IHC) on Tuesday issued notices to respondents in response to a federal government's Intra-Court Appeal in promotion of bureaucrats case. Prime Minister Nawaz Sharif had promoted over 300 bureaucrats on the recommendations of Cent
Published 13 Jan, 2016 12:00am
Iranian fighter jet crashes; 2 pilots dead in Sistan-Balochistan

Iranian fighter jet crashes; 2 pilots dead in Sistan-Balochistan

An Iranian F-4 Phantom fighter jet crashed during training exercises near the border with Pakistan on Tuesday, killing both pilots, state television reported. State TV quoted a local security official as saying the plane had crashed about 65 kilometres (4
Published 13 Jan, 2016 12:00am
Iranian fighter jet crashes; 2 pilots dead in Sistan-Balochistan

Iranian fighter jet crashes; 2 pilots dead in Sistan-Balochistan

An Iranian F-4 Phantom fighter jet crashed during training exercises near the border with Pakistan on Tuesday, killing both pilots, state television reported. State TV quoted a local security official as saying the plane had crashed about 65 kilometres (4
Published 13 Jan, 2016 12:00am
Dar briefs US Ambassador about CPEC

Dar briefs US Ambassador about CPEC

United States Ambassador to Pakistan David Hale Tuesday discussed early holding of Pak-US Working Group on Economy and Finance and agreed the recent visit to the US by Prime Minister Nawaz Sharif gave tremendous boost to Pak-US cooperation.
Published 13 Jan, 2016 12:00am
Dar briefs US Ambassador about CPEC

Dar briefs US Ambassador about CPEC

United States Ambassador to Pakistan David Hale Tuesday discussed early holding of Pak-US Working Group on Economy and Finance and agreed the recent visit to the US by Prime Minister Nawaz Sharif gave tremendous boost to Pak-US cooperation.
Published 13 Jan, 2016 12:00am
Dar briefs US Ambassador about CPEC

Dar briefs US Ambassador about CPEC

United States Ambassador to Pakistan David Hale Tuesday discussed early holding of Pak-US Working Group on Economy and Finance and agreed the recent visit to the US by Prime Minister Nawaz Sharif gave tremendous boost to Pak-US cooperation.
Published 13 Jan, 2016 12:00am
Fund underscores need for export competitiveness
Exchange

Fund underscores need for export competitiveness

The ninth mandatory International Monetary Fund staff review and 2015 Article IV consultations notes that while the deficit is relatively small its structure - a large trade gap (7.5 percent of GDP) financed by remittances (7 percent of GDP in FY 2015) an
Published 13 Jan, 2016 12:00am
Fund underscores need for export competitiveness
Exchange

Fund underscores need for export competitiveness

The ninth mandatory International Monetary Fund staff review and 2015 Article IV consultations notes that while the deficit is relatively small its structure - a large trade gap (7.5 percent of GDP) financed by remittances (7 percent of GDP in FY 2015) an
Published 13 Jan, 2016 12:00am
Fund underscores need for export competitiveness
Exchange

Fund underscores need for export competitiveness

The ninth mandatory International Monetary Fund staff review and 2015 Article IV consultations notes that while the deficit is relatively small its structure - a large trade gap (7.5 percent of GDP) financed by remittances (7 percent of GDP in FY 2015) an
Published 13 Jan, 2016 12:00am
Fund underscores need for export competitiveness
Exchange

Fund underscores need for export competitiveness

The ninth mandatory International Monetary Fund staff review and 2015 Article IV consultations notes that while the deficit is relatively small its structure - a large trade gap (7.5 percent of GDP) financed by remittances (7 percent of GDP in FY 2015) an
Published 13 Jan, 2016 12:00am
Pakistan''''s capacity to repay strengthened: IMF
Exchange

Pakistan''''s capacity to repay strengthened: IMF

The IMF ninth review and 2015 Article IV consultations notes that Pakistan''''s capacity to repay the Fund has been strengthened by supportive policies, improved foreign exchange buffers on the back of strong remittances and low oil prices, and a lower bu
Published 13 Jan, 2016 12:00am
Pakistan''s capacity to repay strengthened: IMF
Exchange

Pakistan''s capacity to repay strengthened: IMF

The IMF ninth review and 2015 Article IV consultations notes that Pakistan''s capacity to repay the Fund has been strengthened by supportive policies, improved foreign exchange buffers on the back of strong remittances and low oil prices, and a lower budg
Published 13 Jan, 2016 12:00am
Pakistan's capacity to repay strengthened: IMF
Exchange

Pakistan's capacity to repay strengthened: IMF

The IMF ninth review and 2015 Article IV consultations notes that Pakistan's capacity to repay the Fund has been strengthened by supportive policies, improved foreign exchange buffers on the back of strong remittances and low oil prices, and a lower budge
Published 13 Jan, 2016 12:00am
Pakistan's capacity to repay strengthened: IMF
Exchange

Pakistan's capacity to repay strengthened: IMF

The IMF ninth review and 2015 Article IV consultations notes that Pakistan's capacity to repay the Fund has been strengthened by supportive policies, improved foreign exchange buffers on the back of strong remittances and low oil prices, and a lower budge
Published 13 Jan, 2016 12:00am
Provincial governments had agreed to raise budget surpluses

Provincial governments had agreed to raise budget surpluses

Finance Ministry claims that provincial finance secretaries have agreed in writing to increase provincial budget surpluses consistent with the $6.64 billion International Monetary Fund (IMF) Extended Fund Facility (EFF) for achieving fiscal deficit target
Published 13 Jan, 2016 12:00am
Provincial governments had agreed to raise budget surpluses

Provincial governments had agreed to raise budget surpluses

Finance Ministry claims that provincial finance secretaries have agreed in writing to increase provincial budget surpluses consistent with the $6.64 billion International Monetary Fund (IMF) Extended Fund Facility (EFF) for achieving fiscal deficit target
Published 13 Jan, 2016 12:00am
Provincial governments had agreed to raise budget surpluses

Provincial governments had agreed to raise budget surpluses

Finance Ministry claims that provincial finance secretaries have agreed in writing to increase provincial budget surpluses consistent with the $6.64 billion International Monetary Fund (IMF) Extended Fund Facility (EFF) for achieving fiscal deficit target
Published 13 Jan, 2016 12:00am
Provincial governments had agreed to raise budget surpluses

Provincial governments had agreed to raise budget surpluses

Finance Ministry claims that provincial finance secretaries have agreed in writing to increase provincial budget surpluses consistent with the $6.64 billion International Monetary Fund (IMF) Extended Fund Facility (EFF) for achieving fiscal deficit target
Published 13 Jan, 2016 12:00am
Finger against tax amnesties
Exchange

Finger against tax amnesties

The International Monetary Fund (IMF) head of mission for Pakistan Harald Finger said on Tuesday international experience shows that tax amnesty scheme undermines tax compliance, weakens revenue collection and penalises compliant taxpayers. Speaking to me
Published 13 Jan, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (January 12, 2016).

Published 13 Jan, 2016 12:00am
Finger against tax amnesties
Exchange

Finger against tax amnesties

The International Monetary Fund (IMF) head of mission for Pakistan Harald Finger said on Tuesday international experience shows that tax amnesty scheme undermines tax compliance, weakens revenue collection and penalises compliant taxpayers. Speaking to me
Published 13 Jan, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (January 12, 2016).

Published 13 Jan, 2016 12:00am
Finger against tax amnesties
Exchange

Finger against tax amnesties

The International Monetary Fund (IMF) head of mission for Pakistan Harald Finger said on Tuesday international experience shows that tax amnesty scheme undermines tax compliance, weakens revenue collection and penalises compliant taxpayers. Speaking to me
Published 13 Jan, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (January 12, 2016).

Published 13 Jan, 2016 12:00am
Finger against tax amnesties
Exchange

Finger against tax amnesties

The International Monetary Fund (IMF) head of mission for Pakistan Harald Finger said on Tuesday international experience shows that tax amnesty scheme undermines tax compliance, weakens revenue collection and penalises compliant taxpayers. Speaking to me
Published 13 Jan, 2016 12:00am
Two key criteria missed
Currency

Two key criteria missed

Pakistan has missed two performance criteria and one indicative target agreed with the International Monetary Fund (IMF) as noted in the staff report titled "2015 Article IV consultation and ninth review under the Extended Arrangement, request for waivers
Published 13 Jan, 2016 12:00am
Two key criteria missed
Currency

Two key criteria missed

Pakistan has missed two performance criteria and one indicative target agreed with the International Monetary Fund (IMF) as noted in the staff report titled "2015 Article IV consultation and ninth review under the Extended Arrangement, request for waivers
Published 13 Jan, 2016 12:00am
Two key criteria missed
Currency

Two key criteria missed

Pakistan has missed two performance criteria and one indicative target agreed with the International Monetary Fund (IMF) as noted in the staff report titled "2015 Article IV consultation and ninth review under the Extended Arrangement, request for waivers
Published 13 Jan, 2016 12:00am
Suicide bomber kills 10, mainly Germans, in Istanbul

Suicide bomber kills 10, mainly Germans, in Istanbul

A suicide bomber thought to have crossed recently from Syria killed at least 10 people, most of them German tourists, in Istanbul's historic heart on Tuesday, in an attack Prime Minister Ahmet Davutoglu blamed on Islamic State. All of those killed in Sult
Published 13 Jan, 2016 12:00am
Suicide bomber kills 10, mainly Germans, in Istanbul

Suicide bomber kills 10, mainly Germans, in Istanbul

A suicide bomber thought to have crossed recently from Syria killed at least 10 people, most of them German tourists, in Istanbul's historic heart on Tuesday, in an attack Prime Minister Ahmet Davutoglu blamed on Islamic State. All of those killed in Sult
Published 13 Jan, 2016 12:00am
BRIndex30 drops 121.15 points

BRIndex30 drops 121.15 points

On Tuesday, BRIndex30 opened at 19,875.24 points. It touched an intraday high of 19,875.97 points and an intraday low of 19,547.55 points and closed at 19,754.09 points which was -121.15 points or -0.61 percent lower than previous close. Total volume was
Published 13 Jan, 2016 12:00am
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