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Print - 2016-01-16
IPR releases 'fact-sheet' on IMF statements
Cotton

IPR releases 'fact-sheet' on IMF statements

The Institute of Policy Reforms on Friday released a fact-sheet on false statements made by the International Monetary Funds. The fact-sheet follows an IMF staff report on the "ninth review of the extended fund facility to Pakistan" was released a few day
Published 16 Jan, 2016 12:00am
PML-N's rejoinder to Elahi's statement

PML-N's rejoinder to Elahi's statement

The Pakistan Muslim League-Quaid-e-Azam in the Punjab has experienced a skirmish in a statement by party leader Pervaiz Elahi over national security after a Punjab government spokesman assailed him by saying the politician "cannot hoodwink people through
Published 16 Jan, 2016 12:00am
No duty on potato exports: Minister

No duty on potato exports: Minister

The Punjab agriculture minister has made it clear that there is no duty on the export of potatoes and his government is willing to help potato exporters. Farrukh Javed's announcement came at a high-level meeting of the Punjab Agriculture Department on Fri
Published 16 Jan, 2016 12:00am
NAB adopts effective monitoring, evaluation system

NAB adopts effective monitoring, evaluation system

National Accountability Bureau (NAB) has developed an effective monitoring and evaluation system with maintenance of data at each stage to make the process transparent. Progress on the system's smooth functioning was discussed at a meeting that Chairman N
Published 16 Jan, 2016 12:00am
Prime Minister vows to eradicate honour killings after Oscar nod

Prime Minister vows to eradicate honour killings after Oscar nod

Prime Minister Nawaz Sharif vowed Pakistan would eradicate "evil" honour killings as he congratulated director Sharmeen Obaid-Chinoy on her Oscar nomination for a harrowing documentary on the practice. "A Girl in the River: The Price of Forgiveness", whic
Published 16 Jan, 2016 12:00am
PAJCCI team attends Pak-Afghan business moot in Kabul

PAJCCI team attends Pak-Afghan business moot in Kabul

PAJCCI's delegation to Kabul, led by Zubair Motiwala, attended its fourth annual conference on the theme of "Business First: Afghanistan Pakistan Business Cooperation Conference." The conference discussed the resolution of issues of mutual concern on prio
Published 16 Jan, 2016 12:00am
Three traders held at Karachi Fish Harbour

Three traders held at Karachi Fish Harbour

Sindh Rangers on Friday arrested three traders on allegedly charges of facilitating the terrorists of banned organisation from Karachi Fish harbour According to Ranger sources, the Rangers conducted an operation at fish harbour and arrested three fish tra
Published 16 Jan, 2016 12:00am
Leadership fully prepared to deal with security challenges: President

Leadership fully prepared to deal with security challenges: President

President Mamnoon Hussain on Friday said the country's leadership was fully prepared to deal with the challenges of national security and was determined to eliminate terrorism and militancy. Addressing the graduates of National Security Course here at the
Published 16 Jan, 2016 12:00am
BISP plans to replace debit card system with biometric: Marvi

BISP plans to replace debit card system with biometric: Marvi

Benazir Income Support Programme (BISP) plans to replace the current debit card system with biometric system under which beneficiaries will be able to draw their amounts by use of fingerprints only. This was stated by the chairperson BISP Marvi Memon in a
Published 16 Jan, 2016 12:00am
Government fears unrest after any action against Lal Masjid cleric

Government fears unrest after any action against Lal Masjid cleric

Despite severe criticism from some opposition parties and civil society to book Lal Masjid cleric Maulana Abdul Aziz, the government's assessment based on intelligence reports indicates that any action against the cleric will create law and order situatio
Published 16 Jan, 2016 12:00am
SECP issues 48 orders over non-compliance
Exchange

SECP issues 48 orders over non-compliance

The Securities and Exchange Commission of Pakistan's (SECP) Corporate Supervision Department has concluded adjudication of 48 proceedings against the listed and non-listed companies in December 2015. Subsequently, Orders were issued against their chief ex
Published 16 Jan, 2016 12:00am
KP drafts investor-friendly hydro power policy

KP drafts investor-friendly hydro power policy

The provincial government of Khyber Pakhtunkhwa has prepared an investor friendly Hydro Power Policy 2016 to broaden the scope of and increase investment in the power sector of the province. The policy after formal announcement will prove as a landmark in
Published 16 Jan, 2016 12:00am
Balochistan to greatly benefit from CPEC: Ahsan

Balochistan to greatly benefit from CPEC: Ahsan

Federal Minister for Planning, Development and Reforms Ahsan Iqbal said on Friday that Balochistan will benefit most from the China-Pakistan Economic Corridor (CPEC). "Under the $35 billion component of CPEC for the energy sector, $11.5 billion will be sp
Published 16 Jan, 2016 12:00am
Poepa to impose ban on sale, purchase of overseas work visa

Poepa to impose ban on sale, purchase of overseas work visa

While criticising Ministry of Manpower and Overseas Pakistanis for non-cooperation, Pakistan Overseas Employment Promoters Association (Poepa) announced to impose a ban on sale and purchase of overseas work visa across the country.
Published 16 Jan, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 16 Jan, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 16 Jan, 2016 12:00am
The Weather

The Weather

The weather report on Friday (January 15, 2016) and the forecast for Saturday (January 16, 2016).

Published 16 Jan, 2016 12:00am
PA passes bill: Sindh government can drop cases against suspects

PA passes bill: Sindh government can drop cases against suspects

The ruling PPP's majority allowed it to pass a bill from Sindh Assembly here on Friday, enabling the provincial government to drop any criminal case against anyone, but the sizeable opposition strongly protested against the legislation.
Published 16 Jan, 2016 12:00am
PA passes bill: Sindh government can drop cases against suspects

PA passes bill: Sindh government can drop cases against suspects

The ruling PPP's majority allowed it to pass a bill from Sindh Assembly here on Friday, enabling the provincial government to drop any criminal case against anyone, but the sizeable opposition strongly protested against the legislation.
Published 16 Jan, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (January 15, 2016).

Published 16 Jan, 2016 12:00am
Afghan diplomat's house attacked in Peshawar

Afghan diplomat's house attacked in Peshawar

Two armed motorcyclists attacked the house of an Afghan diplomat in the early hours of Friday in University Town Peshawar. Unknown armed men on motorcycles opened fire on Yousufzai's house around 2am, the SP said. Initial investigation revealed a sub-mach
Published 16 Jan, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (January 15, 2016)

Published 16 Jan, 2016 12:00am
Afghan diplomat's house attacked in Peshawar

Afghan diplomat's house attacked in Peshawar

Two armed motorcyclists attacked the house of an Afghan diplomat in the early hours of Friday in University Town Peshawar. Unknown armed men on motorcycles opened fire on Yousufzai's house around 2am, the SP said. Initial investigation revealed a sub-mach
Published 16 Jan, 2016 12:00am
Switzerland rejects Brahamdagh's asylum plea

Switzerland rejects Brahamdagh's asylum plea

Authorities in Switzerland have rejected self-exiled Baloch leader Brahamdagh Bugti's appeal seeking political asylum on Friday. Bugti is entitled to challenge the decision over the application, which he had filed five years ago.
Published 16 Jan, 2016 12:00am
Switzerland rejects Brahamdagh's asylum plea

Switzerland rejects Brahamdagh's asylum plea

Authorities in Switzerland have rejected self-exiled Baloch leader Brahamdagh Bugti's appeal seeking political asylum on Friday. Bugti is entitled to challenge the decision over the application, which he had filed five years ago.
Published 16 Jan, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (January 15, 2016).

Published 16 Jan, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (January 15, 2016).

Published 16 Jan, 2016 12:00am
HEC transaction: No ''plausible'' answers offered

HEC transaction: No ''plausible'' answers offered

Chairman Privatisation Commission Muhammad Zubair has been unable to satisfy the members of a sub-committee on finance with respect to evaluation of the assets and liabilities of the failed transaction of Heavy Electrical Complex (HEC).
Published 16 Jan, 2016 12:00am
THE RUPEE: little movement
Currency

THE RUPEE: little movement

The rupee almost managed to hold the overnight levels against the dollar on the money market on Friday, dealers said.
Published 16 Jan, 2016 12:00am
HEC transaction: No 'plausible' answers offered

HEC transaction: No 'plausible' answers offered

Chairman Privatisation Commission Muhammad Zubair has been unable to satisfy the members of a sub-committee on finance with respect to evaluation of the assets and liabilities of the failed transaction of Heavy Electrical Complex (HEC).
Published 16 Jan, 2016 12:00am
THE RUPEE: little movement
Currency

THE RUPEE: little movement

The rupee almost managed to hold the overnight levels against the dollar on the money market on Friday, dealers said.
Published 16 Jan, 2016 12:00am
HEC transaction: No 'plausible' answers offered

HEC transaction: No 'plausible' answers offered

Chairman Privatisation Commission Muhammad Zubair has been unable to satisfy the members of a sub-committee on finance with respect to evaluation of the assets and liabilities of the failed transaction of Heavy Electrical Complex (HEC).
Published 16 Jan, 2016 12:00am
First half FDI up two percent

First half FDI up two percent

Foreign Direct Investment (FDI) in Pakistan rose slightly by 2 percent during the first half of this fiscal year (FY16) compared to the same period of last fiscal year (FY15).
Published 16 Jan, 2016 12:00am
First half FDI up two percent

First half FDI up two percent

Foreign Direct Investment (FDI) in Pakistan rose slightly by 2 percent during the first half of this fiscal year (FY16) compared to the same period of last fiscal year (FY15).
Published 16 Jan, 2016 12:00am
First half FDI up two percent

First half FDI up two percent

Foreign Direct Investment (FDI) in Pakistan rose slightly by 2 percent during the first half of this fiscal year (FY16) compared to the same period of last fiscal year (FY15).
Published 16 Jan, 2016 12:00am
Dar arrives in China for AIIB meeting

Dar arrives in China for AIIB meeting

Finance Minister, Senator Mohammad Ishaq Dar arrived in Beijing Friday to attend the inaugural meeting of the Board of Governors of the Asian Infrastructure Investment Bank (AIIB). Finance Minister will also hold meetings with heads of other banking and f
Published 16 Jan, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (January 15, 2016).

Published 16 Jan, 2016 12:00am
Dar arrives in China for AIIB meeting

Dar arrives in China for AIIB meeting

Finance Minister, Senator Mohammad Ishaq Dar arrived in Beijing Friday to attend the inaugural meeting of the Board of Governors of the Asian Infrastructure Investment Bank (AIIB). Finance Minister will also hold meetings with heads of other banking and f
Published 16 Jan, 2016 12:00am
Dar arrives in China for AIIB meeting

Dar arrives in China for AIIB meeting

Finance Minister, Senator Mohammad Ishaq Dar arrived in Beijing Friday to attend the inaugural meeting of the Board of Governors of the Asian Infrastructure Investment Bank (AIIB). Finance Minister will also hold meetings with heads of other banking and f
Published 16 Jan, 2016 12:00am
Senate chairman strongly objects to meeting

Senate chairman strongly objects to meeting

Chairman Senate Raza Rabbani on Friday strongly objected to Prime Minister Nawaz Sharif''s meeting with representatives of leading political parties from Khyber Pakhtunkhwa and Balochistan on the China-Pakistan Economic Corridor (CPEC) controversy, arguin
Published 16 Jan, 2016 12:00am
Senate chairman strongly objects to meeting

Senate chairman strongly objects to meeting

Chairman Senate Raza Rabbani on Friday strongly objected to Prime Minister Nawaz Sharif's meeting with representatives of leading political parties from Khyber Pakhtunkhwa and Balochistan on the China-Pakistan Economic Corridor (CPEC) controversy, arguing
Published 16 Jan, 2016 12:00am
Senate chairman strongly objects to meeting

Senate chairman strongly objects to meeting

Chairman Senate Raza Rabbani on Friday strongly objected to Prime Minister Nawaz Sharif's meeting with representatives of leading political parties from Khyber Pakhtunkhwa and Balochistan on the China-Pakistan Economic Corridor (CPEC) controversy, arguing
Published 16 Jan, 2016 12:00am
Economic corridor: PM steps in to end squabbles

Economic corridor: PM steps in to end squabbles

The political parties of Khyber Pakhtunkhwa and Balochistan decided on Friday to form a Steering Committee headed by the Prime Minister Nawaz Sharif to oversee the implementation of the China Pakistan Economic Corridor (CPEC) project. The decision to this
Published 16 Jan, 2016 12:00am
Presentation at P.S.X. Auditorium

Presentation at P.S.X. Auditorium

Presentation at P.S.X. Auditorium (only for TRE certificate holders and their authorised employees).

Published 16 Jan, 2016 12:00am
Economic corridor: PM steps in to end squabbles

Economic corridor: PM steps in to end squabbles

The political parties of Khyber Pakhtunkhwa and Balochistan decided on Friday to form a Steering Committee headed by the Prime Minister Nawaz Sharif to oversee the implementation of the China Pakistan Economic Corridor (CPEC) project. The decision to this
Published 16 Jan, 2016 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 16 Jan, 2016 12:00am
Economic corridor: PM steps in to end squabbles

Economic corridor: PM steps in to end squabbles

The political parties of Khyber Pakhtunkhwa and Balochistan decided on Friday to form a Steering Committee headed by the Prime Minister Nawaz Sharif to oversee the implementation of the China Pakistan Economic Corridor (CPEC) project. The decision to this
Published 16 Jan, 2016 12:00am
BRIndex30 loses 321.45 points

BRIndex30 loses 321.45 points

On Friday, BRIndex30 opened at 19,153.02 points. It touched an intraday high of 19,349.97 points and an intraday low of 18,699.12 points and closed at 18,831.57 points which was -321.45 points or -1.68 percent lower than previous close. Total volume was 9
Published 16 Jan, 2016 12:00am
Board Meetings
Exchange

Board Meetings

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 16 Jan, 2016 12:00am
BRIndex30 loses 321.45 points

BRIndex30 loses 321.45 points

On Friday, BRIndex30 opened at 19,153.02 points. It touched an intraday high of 19,349.97 points and an intraday low of 18,699.12 points and closed at 18,831.57 points which was -321.45 points or -1.68 percent lower than previous close. Total volume was 9
Published 16 Jan, 2016 12:00am
PSX remains jittery

PSX remains jittery

Stocks remained bearish Friday because of what analysts said turmoil in global equities with US WTI crude oil prices ebbing below $30 per barrel. The week''s last trading session was an upset in terms of foreign portfolio investment which marked a net sel
Published 16 Jan, 2016 12:00am
PSX remains jittery

PSX remains jittery

Stocks remained bearish Friday because of what analysts said turmoil in global equities with US WTI crude oil prices ebbing below $30 per barrel. The week's last trading session was an upset in terms of foreign portfolio investment which marked a net sell
Published 16 Jan, 2016 12:00am
PSX remains jittery

PSX remains jittery

Stocks remained bearish Friday because of what analysts said turmoil in global equities with US WTI crude oil prices ebbing below $30 per barrel. The week's last trading session was an upset in terms of foreign portfolio investment which marked a net sell
Published 16 Jan, 2016 12:00am
New LTU to be set up at Karachi

New LTU to be set up at Karachi

In a major move to facilitate around 1,500 to 2,000 big corporate taxpayers/multinational companies, the Federal Board of Revenue (FBR) has decided to establish second Large Taxpayer Unit (LTU) at Karachi.
Published 16 Jan, 2016 12:00am
New LTU to be set up at Karachi

New LTU to be set up at Karachi

In a major move to facilitate around 1,500 to 2,000 big corporate taxpayers/multinational companies, the Federal Board of Revenue (FBR) has decided to establish second Large Taxpayer Unit (LTU) at Karachi.
Published 16 Jan, 2016 12:00am
New LTU to be set up at Karachi

New LTU to be set up at Karachi

In a major move to facilitate around 1,500 to 2,000 big corporate taxpayers/multinational companies, the Federal Board of Revenue (FBR) has decided to establish second Large Taxpayer Unit (LTU) at Karachi.
Published 16 Jan, 2016 12:00am
Import of dollars allowed for another three months
Exchange

Import of dollars allowed for another three months

State Bank of Pakistan (SBP) Friday granted another three months extension to Exchange Companies (ECs) for the import of cash US dollars against export of permissible foreign currencies. Lifting a 10-year ban on July 28, 2015, State Bank permitted ECs to
Published 16 Jan, 2016 12:00am
Import of dollars allowed for another three months
Exchange

Import of dollars allowed for another three months

State Bank of Pakistan (SBP) Friday granted another three months extension to Exchange Companies (ECs) for the import of cash US dollars against export of permissible foreign currencies. Lifting a 10-year ban on July 28, 2015, State Bank permitted ECs to
Published 16 Jan, 2016 12:00am
Import of dollars allowed for another three months
Exchange

Import of dollars allowed for another three months

State Bank of Pakistan (SBP) Friday granted another three months extension to Exchange Companies (ECs) for the import of cash US dollars against export of permissible foreign currencies. Lifting a 10-year ban on July 28, 2015, State Bank permitted ECs to
Published 16 Jan, 2016 12:00am
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