News Archives for Print - 2016-06-16 - Business Recorder

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Print - 2016-06-16

Diversified species, natural habitat: Punjab government earmarks Rs 735 million for 10 schemes

Diversified species, natural habitat: Punjab government earmarks Rs 735 million for 10 schemes

The Punjab government has earmarked Rs 735 million to initiate seven new and complete three ongoing schemes in the budget for the financial year 2016-17 with a view to protect, conserve, manage and sustain diversified species and their natural habitat.

Published 16 Jun, 2016 12:00am

Ramazan Package: ACS Punjab reviews implementation plan

Ramazan Package: ACS Punjab reviews implementation plan

Additional Chief Secretary Punjab Shamail Ahmad Khawaja has announced to supply black gram and lemon fruit on subsidised rate in 318 Ramazan bazaars and Fair Price shops installed in the Ramazan bazaars by Agriculture Department. This step will help redre

Published 16 Jun, 2016 12:00am

Coca-Cola concludes Ramazan food drive

Coca-Cola concludes Ramazan food drive

Coca-Cola Beverages Pakistan Limited (CCBPL) successfully concluded its 4th Annual Ramazan Food Drive. The campaign celebrated the spirit of giving by assisting the most underserved communities across the country. This year the company with the support of

Published 16 Jun, 2016 12:00am

Business community hails Punjab budget

Business community hails Punjab budget

The Business Community of Southern Punjab has lauded the Punjab budget and said it would surely improve services in the fields of education, health and other sectors. President of Multan Chamber of Commerce & Industry Fareed Mughis Sheikh and Senior Vice

Published 16 Jun, 2016 12:00am

Punjab allocates Rs 132.439 million to public order, safety affairs

Punjab allocates Rs 132.439 million to public order, safety affairs

Punjab government has allocated Rs 132.439 million for public order and safety affairs expenditures on courts of law, police, prisons, relief and crisis management including fire protection, anticorruption establishment/economic crimes, and civil defence

Published 16 Jun, 2016 12:00am

It's a common man's budget: PML-N leader

It's a common man's budget: PML-N leader

Pakistan Muslim League-Nawaz (PML-N) senior leader Pervaiz Malik said that Punjab budget 2016-17 is the budget of the common man wherein focus has been laid on social sector. He said it is the first time in the history of the province that any provincial

Published 16 Jun, 2016 12:00am

Rs one billion allocated for poverty alleviation programmes of PSPA

Rs one billion allocated for poverty alleviation programmes of PSPA

Punjab government has allocated an amount of Rs 1000 million in the budget 2015-16 for the poverty alleviation programmes of Punjab Social Protection Authority. As per budget document, Punjab government is committed to ensure the welfare of vulnerable gro

Published 16 Jun, 2016 12:00am

Two girls killed in Lahore roof collapse

Two girls killed in Lahore roof collapse

At least two minor girls died and three other members of a family were injured when the roof of a house collapsed in Manawan area here on Wednesday morning. As per details, the house collapsed due to the weak infrastructure, killing five-year-old Maryam a

Published 16 Jun, 2016 12:00am

Officials asked to monitor dengue control activities

Officials asked to monitor dengue control activities

Parliamentary Secretary on Health Khawaja Imran Nazir has said that secretaries and senior officers of the departments concerned should personally go into the field to monitor dengue control activities for effective control on dengue, in the upcoming seas

Published 16 Jun, 2016 12:00am

Qadri to make 'special' announcement on June 17

Qadri to make 'special' announcement on June 17

"The present rulers will die at their own hands and I can foresee their souls taking flight and the fear of death has already overtaken their minds," said Tahirul Qadri, the Chairman of the Pakistan Awami Tehreek, who arrived at the Lahore Airport from Lo

Published 16 Jun, 2016 12:00am

NAB Rawalpindi recovers Rs 385.11 million from directors of RG Pharmaceutical (Private) Limited

Currency

NAB Rawalpindi recovers Rs 385.11 million from directors of RG Pharmaceutical (Private) Limited

NAB Rawalpindi has recovered Rs 385.11 million from accused persons namely Tariq Haider and Mian Khalid Mehmood, Directors of M/s RG Pharmaceutical (Pvt) Ltd in the investigation against officers/officials of Ministry of National Regulations and Health Se

Published 16 Jun, 2016 12:00am

Pre-monsoon rains: authorities asked to take appropriate steps

Pre-monsoon rains: authorities asked to take appropriate steps

National Disaster Management Authority (NDMA) following Pakistan Meteorological Department (PMD) weather forecast has advised all the relevant authorities to take appropriate steps to avoid life and property losses. This advisory was issued by Chairman ND

Published 16 Jun, 2016 12:00am

PML-N legislators reject KP budget

PML-N legislators reject KP budget

Provincial legislators of Pakistan Muslim League-Nawaz (PML-N), have rejected the Khyber Pakhtunkhwa budget for 2016-17, and said the budget was restricted to only four districts. They asked the provincial government to give due rights, to underprivileged

Published 16 Jun, 2016 12:00am

Pakistan in state of strategic drift: Sherry

Pakistan in state of strategic drift: Sherry

"Pakistan is in a state of strategic drift, thanks to the confusion in government circles," Senator Sherry Rehman said in a statement on security challenges mounting in the region and beyond. "After the martyrdom of Pakistan's Major Ali Jawad Changezi in

Published 16 Jun, 2016 12:00am

NA body unanimously passes Companies Amendment Bill 2016

NA body unanimously passes Companies Amendment Bill 2016

National Assembly Standing Committee on Finance on Wednesday unanimously passed Companies (Appointment of Legal Advisors) Amendment Bill 2016 which will reduce the total number of companies required to appoint legal advisors from existing 36,680 to 10,795

Published 16 Jun, 2016 12:00am

NA body unanimously passes Companies Amendment Bill 2016

NA body unanimously passes Companies Amendment Bill 2016

National Assembly Standing Committee on Finance on Wednesday unanimously passed Companies (Appointment of Legal Advisors) Amendment Bill 2016 which will reduce the total number of companies required to appoint legal advisors from existing 36,680 to 10,795

Published 16 Jun, 2016 12:00am

Missing persons: SC decides to deal with pending pleas expeditiously

Missing persons: SC decides to deal with pending pleas expeditiously

The top court on Wednesday has decided to deal with missing persons' 97 pending pleas expeditiously while asking its fixation branch to constitute four benches of three-judges every month to hear the matter.

Published 16 Jun, 2016 12:00am

Iranian envoy calls on Nisar

Iranian envoy calls on Nisar

Iranian Ambassador Mehdi Honardoost who called on Interior Minister Chaudhry Nisar Ali Khan in Islamabad on Wednesday. The two sides discussed bilateral relations in different fields and the regional and security situation during the meeting. Interior Min

Published 16 Jun, 2016 12:00am

Philips Lighting opens new outlet in Lahore

Philips Lighting opens new outlet in Lahore

Philips Lighting, a global leader in lighting, has launched another retail lighting outlet in Lahore. Located in the central area of Liberty Roundabout, the store offers a diverse range of modern lighting that can transform the feel of homes with the righ

Published 16 Jun, 2016 12:00am

NIT announces interim results for Fiscal Year 2016

NIT announces interim results for Fiscal Year 2016

National Investment Trust Limited (NITL), the largest Asset Management Company of Pakistan has declared interim distribution for all Funds under its management for the year ending June 30, 2016. The announcements were made through a press release issued b

Published 16 Jun, 2016 12:00am

NIT announces interim results for Fiscal Year 2016

NIT announces interim results for Fiscal Year 2016

National Investment Trust Limited (NITL), the largest Asset Management Company of Pakistan has declared interim distribution for all Funds under its management for the year ending June 30, 2016. The announcements were made through a press release issued b

Published 16 Jun, 2016 12:00am

Rabbani questions delay in introducing amended NCA Ordinance

Rabbani questions delay in introducing amended NCA Ordinance

Chairman Senate Raza Rabbani on Wednesday questioned the inordinate delay in laying 'The National Command Authority (Amendment), Ordinance 2016' in Senate after passage of 92 days that was supposed to be presented in the House within ten days of its promu

Published 16 Jun, 2016 12:00am

Rangers lodge FIR against MQM's Media Cell head

Rangers lodge FIR against MQM's Media Cell head

A First Information Report (FIR) was lodged here on Wednesday against the Muttahida Qaumi Movement (MQM) media cell in-charge Aminul Haq for 'spreading propaganda' against the paramilitary officials on social media. According to details, a paramilitary fo

Published 16 Jun, 2016 12:00am

'Anomalies' in budget: FPCCI delegation to meet Dar on June 21

'Anomalies' in budget: FPCCI delegation to meet Dar on June 21

A delegation of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) will meet Federal Finance Minister Ishaq Dar on June 21, 2016 in Islamabad to discuss 2016-17 budget anomalies and get them resoled. Earlier the meeting was scheduled to be h

Published 16 Jun, 2016 12:00am

Pervez Elahi criticises Punjab budget

Pervez Elahi criticises Punjab budget

Chaudhry Parvez Elahi, the Muslim League-Quaid-e-Azam leader, as his custom, has begun questioning Monday's Punjab budget by calling it a sheer "wangling claim," saying funds being set aside for agriculture, education and health "will also be eaten up by

Published 16 Jun, 2016 12:00am

Fiscal Year 2016-17: Punjab government offers subsidy of Rs 65.453 million in budget

Fiscal Year 2016-17: Punjab government offers subsidy of Rs 65.453 million in budget

The Punjab government has offered a subsidy of Rs 65.453 million for the Kissan Package, wheat, Ramazan Package and Public Transport during the fiscal year 2016-17 against the last year figure of Rs 23.545 million with an increase of 178 percent. Agricult

Published 16 Jun, 2016 12:00am

Dar's GDP growth rate disputed

Dar's GDP growth rate disputed

Disputing Finance Minister Ishaq Dar's claim of achieving 4.7 percent Gross Domestic Product (GDP) for the outgoing fiscal year, Ashfaque Hassan Khan, former advisor to finance ministry said Pakistan's economy grew at the rate of 3.1 percent. "GDP growth

Published 16 Jun, 2016 12:00am

Pakistan raising drone strikes' issue at UN body: FO

Pakistan raising drone strikes' issue at UN body: FO

Pakistan on Wednesday stressed that the UN Human Rights Council and its mechanisms should respond to human rights violations and the loss of precious lives as a result of drone strikes on the country's territory in violation of its sovereignty. Speaking a

Published 16 Jun, 2016 12:00am

Sindh Assmebly debate sharpens focus on corruption

Sindh Assmebly debate sharpens focus on corruption

The PML-F on Wednesday compared Larkana with Moenjodaro, saying that streets of the ancient ruins were far tidier than those of the PPP's founding leader's hometown, despite billions of rupees budgetary allocations every year. The Sindh Assembly resumed i

Published 16 Jun, 2016 12:00am

KATI deeply concerned at Super Tax net broadening

KATI deeply concerned at Super Tax net broadening

The President of Korangi Association of Trade and Industry (KATI), Zahid Saeed, said that extending the super tax net will further burden the industrial and business community. He said in the 2015-16 budget, the government had imposed a 4 percent special

Published 16 Jun, 2016 12:00am

Benami Transaction Act: NA body defers approval

Benami Transaction Act: NA body defers approval

National Assembly Standing Committee on Finance has deferred the approval of the Benami Transaction (Prohibition) Act 2016 on the request of Asad Umar and Jehangir Khan Tareen, MNAs from Pakistan Tehreek-e-Insaf (IPTI) to hold a special meeting on the sai

Published 16 Jun, 2016 12:00am

PIA to introduce new menu for in-flight meals

PIA to introduce new menu for in-flight meals

The Pakistan International Airlines (PIA) would introduce new menu for the in-flight meals from July 1. This was stated by the spokesman of the national flag carrier here on Wednesday. He said that the Chief Executive Officer of PIA, Bernd Hildenbrand, vi

Published 16 Jun, 2016 12:00am

Elections for mayors, deputy mayors postponed in Sindh

Elections for mayors, deputy mayors postponed in Sindh

Chief Election Commissioner (CEC) Justice Sardar Muhammad Raza Khan (Rtd) on Wednesday postponed the elections of Mayors and Deputy Mayors and Chairmen and Vice Chairmen in the province of Sindh till appointment of members of the Commission.

Published 16 Jun, 2016 12:00am

Taxation of inter-corporate dividends: Dar urged to withdraw proposed amendment

Taxation of inter-corporate dividends: Dar urged to withdraw proposed amendment

Engro Corporation, opposing proposed amendment in respect of taxation of inter-corporate dividends and surrender of losses under Group Relief, has said that this amendment may necessitate Engro Corporation to rethink its current and future investments.

Published 16 Jun, 2016 12:00am

Appointments in PIA

Appointments in PIA

Air League of PIA employees on Wednesday expressed concerns over foreigners' appointments at top positions in the airline, according to a statement issued here.

Published 16 Jun, 2016 12:00am

Higher education: around 2,654 sent on scholarship programmes

Higher education: around 2,654 sent on scholarship programmes

Minister of State Engr Muhammad Baligh Ur Rehman chaired the meeting of Higher Education Commission regarding the new developments in higher education. Agenda of the meeting included; scholarship programs, criteria for M.Phil and PhDs, facilities for the

Published 16 Jun, 2016 12:00am

Two killed, three injured in separate incidents

Two killed, three injured in separate incidents

Two persons were killed while three others injured in separate incidents of violence here on Wednesday. According to police and rescue sources, a woman was found dead in a house located in Bath Island Clifton, in the limits of boat basin police station. T

Published 16 Jun, 2016 12:00am

Oil down ffth day; Brexit, Fed hike fears offset US crude draw

Currency

Oil down ffth day; Brexit, Fed hike fears offset US crude draw

Oil prices fell for a fifth straight day on Wednesday, their longest losing stretch since February, on worries Britain might leave the European Union while the US Federal Reserve signalled plans for two US rate hikes this year despite slower growth expect

Published 16 Jun, 2016 12:00am

US MIDDAY: corn, soya retreat

US MIDDAY: corn, soya retreat

US corn and soyabean futures eased on Wednesday after better-than-expected rains fell in the Midwest crop belt, prompting investors to take profits after recent highs, analysts said. Wheat futures also fell, pressured by the expanding US winter wheat harv

Published 16 Jun, 2016 12:00am

US MIDDAY: gold rises to six-week high

US MIDDAY: gold rises to six-week high

Gold hit a six-week high on Wednesday, climbing for the sixth straight session after the Federal Reserve lowered its economic growth forecasts through 2017, indicating it will be less aggressive in tightening monetary policy next year. Following a two-day

Published 16 Jun, 2016 12:00am

'The Sindh budget'

'The Sindh budget'

This is apropos a Business Recorder editorial "The Sindh budget" carried by the newspaper on Tuesday. The newspaper has argued among other things, that "What is of course a source of serious concern in Sindh and what was highlighted by the main opp

Published 16 Jun, 2016 12:00am

Asia-Europe economic cooperation

Asia-Europe economic cooperation

Of the several interesting seminars, I recently attended at Frankfurt the one on Asian European integration was extremely forward looking in its content. It sported prominent panellists, including our own Finance Minister Ishaq Dar. It was well attended a

Published 16 Jun, 2016 12:00am

Who is the 'Spin Doctor'?

Cotton

Who is the 'Spin Doctor'?

It is not uncommon to see that when an individual comes under severe criticism and fails to respond professionally to his critiques, he loses rationality and indulges into personal attacks. A case in hand is our Finance Minister who resorted to personal a

Published 16 Jun, 2016 12:00am

VIEW POINT: Fighting gender bias and bigotry

VIEW POINT: Fighting gender bias and bigotry

For quite some time Defence Minister Khawaja Asif, doubling as Minister for Water and Power, has been attracting public attention more for hurling squeaky taunts at PTI leaders inside the National Assembly than performance in either of his ministries. Las

Published 16 Jun, 2016 12:00am

Afghan border tension

Afghan border tension

Tensions have flared up for the second time in two months on the Torkham border crossing with Afghanistan. Last month, an exchange of firing took place between the security forces on both sides, which persuaded Pakistan to close the border for five days.

Published 16 Jun, 2016 12:00am

The KPK budget

The KPK budget

The Khyber Pakhtunkhwa (KPK) budget 2016-17 presented by Finance Minister Muzaffar Saeed generated only 46.8 percent of its own budgeted revenue for 2015-16 - which prompted a more realistic lower revenue estimate for 2016-17. In absolute terms, the KPK g

Published 16 Jun, 2016 12:00am

Roadmap readied to achieve seven percent growth rate over the next three years: Dar

Roadmap readied to achieve seven percent growth rate over the next three years: Dar

Terming MSCI reclassification of Pakistan''s capital market in the emerging markets category as a historic event, Finance Minister Ishaq Dar Wednesday said the government has chalked out a roadmap for next three years to achieve the GDP growth as high as

Published 16 Jun, 2016 12:00am

Roadmap readied to achieve seven percent growth rate over the next three years: Dar

Roadmap readied to achieve seven percent growth rate over the next three years: Dar

Terming MSCI reclassification of Pakistan's capital market in the emerging markets category as a historic event, Finance Minister Ishaq Dar Wednesday said the government has chalked out a roadmap for next three years to achieve the GDP growth as high as 7

Published 16 Jun, 2016 12:00am

Roadmap readied to achieve seven percent growth rate over the next three years: Dar

Roadmap readied to achieve seven percent growth rate over the next three years: Dar

Terming MSCI reclassification of Pakistan's capital market in the emerging markets category as a historic event, Finance Minister Ishaq Dar Wednesday said the government has chalked out a roadmap for next three years to achieve the GDP growth as high as 7

Published 16 Jun, 2016 12:00am

ECC to consider summary on second LNG terminal

ECC to consider summary on second LNG terminal

The Economic Co-ordination Committee (ECC) of the Cabinet will consider a summary of Petroleum Ministry on second LNG terminal, tabled on Tuesday, within the next few days as the ECC did not have enough time to go through documents, well informed sources

Published 16 Jun, 2016 12:00am

ECC to consider summary on second LNG terminal

ECC to consider summary on second LNG terminal

The Economic Co-ordination Committee (ECC) of the Cabinet will consider a summary of Petroleum Ministry on second LNG terminal, tabled on Tuesday, within the next few days as the ECC did not have enough time to go through documents, well informed sources

Published 16 Jun, 2016 12:00am

ECC to consider summary on second LNG terminal

ECC to consider summary on second LNG terminal

The Economic Co-ordination Committee (ECC) of the Cabinet will consider a summary of Petroleum Ministry on second LNG terminal, tabled on Tuesday, within the next few days as the ECC did not have enough time to go through documents, well informed sources

Published 16 Jun, 2016 12:00am

Obama meets Dalai Lama behind closed doors

Obama meets Dalai Lama behind closed doors

US President Barack Obama hosted the Dalai Lama at the White House Wednesday - a now familiar ritual that takes place off-camera and out of the public eye to avoid irking China. Obama carried out what has become a political rite in Washington, spiriting t

Published 16 Jun, 2016 12:00am

Obama meets Dalai Lama behind closed doors

Obama meets Dalai Lama behind closed doors

US President Barack Obama hosted the Dalai Lama at the White House Wednesday - a now familiar ritual that takes place off-camera and out of the public eye to avoid irking China. Obama carried out what has become a political rite in Washington, spiriting t

Published 16 Jun, 2016 12:00am

India reforms to bring cheap air travel to millions

India reforms to bring cheap air travel to millions

India approved a civil aviation policy Wednesday aimed at making air travel affordable for millions of Indians and vastly expanding the country''s aviation market. The government said the long-awaited reforms will bring down airfares to 2,500 rupees ($37)

Published 16 Jun, 2016 12:00am

India reforms to bring cheap air travel to millions

India reforms to bring cheap air travel to millions

India approved a civil aviation policy Wednesday aimed at making air travel affordable for millions of Indians and vastly expanding the country's aviation market. The government said the long-awaited reforms will bring down airfares to 2,500 rupees ($37)

Published 16 Jun, 2016 12:00am

India reforms to bring cheap air travel to millions

India reforms to bring cheap air travel to millions

India approved a civil aviation policy Wednesday aimed at making air travel affordable for millions of Indians and vastly expanding the country's aviation market. The government said the long-awaited reforms will bring down airfares to 2,500 rupees ($37)

Published 16 Jun, 2016 12:00am

Iran accuses British-Iranian woman of bid to 'overthrow' government

Iran accuses British-Iranian woman of bid to 'overthrow' government

Iran on Wednesday accused a British-Iranian woman arrested in April of seeking to overthrow the Tehran government, an allegation dismissed by her husband as "complete nonsense". Nazanin Zaghari-Ratcliffe, an employee of the Thomson Reuters Foundation, was

Published 16 Jun, 2016 12:00am

Iran accuses British-Iranian woman of bid to 'overthrow' government

Iran accuses British-Iranian woman of bid to 'overthrow' government

Iran on Wednesday accused a British-Iranian woman arrested in April of seeking to overthrow the Tehran government, an allegation dismissed by her husband as "complete nonsense". Nazanin Zaghari-Ratcliffe, an employee of the Thomson Reuters Foundation, was

Published 16 Jun, 2016 12:00am

Clinton wins final 2016 primary as debate turns to terror fight

Clinton wins final 2016 primary as debate turns to terror fight

Hillary Clinton captured the mostly symbolic Democratic primary Tuesday in the US capital, the final vote of the 2016 presidential primaries, as the race shifts to her showdown with Republican rival Donald Trump. Clinton won nearly 79 percent of the vote

Published 16 Jun, 2016 12:00am

Clinton wins final 2016 primary as debate turns to terror fight

Clinton wins final 2016 primary as debate turns to terror fight

Hillary Clinton captured the mostly symbolic Democratic primary Tuesday in the US capital, the final vote of the 2016 presidential primaries, as the race shifts to her showdown with Republican rival Donald Trump. Clinton won nearly 79 percent of the vote

Published 16 Jun, 2016 12:00am

NAB restrained from taking action against former Prime Minister

NAB restrained from taking action against former Prime Minister

The National Accountability Bureau has been told to stop taking illegal action against a former Prime Minister who has been accused in an inquiry into alleged bogus recruitments in two power companies. The investigation has implicated Raja Pervez Ashraf,

Published 16 Jun, 2016 12:00am

NAB restrained from taking action against former Prime Minister

NAB restrained from taking action against former Prime Minister

The National Accountability Bureau has been told to stop taking illegal action against a former Prime Minister who has been accused in an inquiry into alleged bogus recruitments in two power companies. The investigation has implicated Raja Pervez Ashraf,

Published 16 Jun, 2016 12:00am

US for peaceful resolution of Afghan tension

US for peaceful resolution of Afghan tension

The United States on Tuesday called on Afghanistan and Pakistan to peacefully resolve their tension, after a Pakistani military officer was killed in firing by Afghan forces during a clash on Torkham border. "We are all watching the tensions very closely,

Published 16 Jun, 2016 12:00am

US for peaceful resolution of Afghan tension

US for peaceful resolution of Afghan tension

The United States on Tuesday called on Afghanistan and Pakistan to peacefully resolve their tension, after a Pakistani military officer was killed in firing by Afghan forces during a clash on Torkham border. "We are all watching the tensions very closely,

Published 16 Jun, 2016 12:00am

Indian cotton: Senate body recommends RD on import

Cotton

Indian cotton: Senate body recommends RD on import

The Senate Standing Committee on National Food Security and Research on Wednesday recommended the imposition of Regulatory Duty (RD) on the import of cotton bale from India. The committee, which met with Senator Syed Muzaffar Hussain Shah in the chair, ob

Published 16 Jun, 2016 12:00am

Indian cotton: Senate body recommends RD on import

Cotton

Indian cotton: Senate body recommends RD on import

The Senate Standing Committee on National Food Security and Research on Wednesday recommended the imposition of Regulatory Duty (RD) on the import of cotton bale from India. The committee, which met with Senator Syed Muzaffar Hussain Shah in the chair, ob

Published 16 Jun, 2016 12:00am

Indian cotton: Senate body recommends RD on import

Cotton

Indian cotton: Senate body recommends RD on import

The Senate Standing Committee on National Food Security and Research on Wednesday recommended the imposition of Regulatory Duty (RD) on the import of cotton bale from India. The committee, which met with Senator Syed Muzaffar Hussain Shah in the chair, ob

Published 16 Jun, 2016 12:00am

Disbursements under youth loans soar to Rs 7.4 billion

Disbursements under youth loans soar to Rs 7.4 billion

Banks have made fresh disbursements of Rs 1.02 billion to 895 borrowers on account of Prime Minister''s Youth Business Loans (PMYBL) scheme during the first quarter (Jan-March) of this calendar year (CY16). With this addition, the cumulative disbursements

Published 16 Jun, 2016 12:00am

Disbursements under youth loans soar to Rs 7.4 billion

Disbursements under youth loans soar to Rs 7.4 billion

Banks have made fresh disbursements of Rs 1.02 billion to 895 borrowers on account of Prime Minister's Youth Business Loans (PMYBL) scheme during the first quarter (Jan-March) of this calendar year (CY16). With this addition, the cumulative disbursements

Published 16 Jun, 2016 12:00am

Disbursements under youth loans soar to Rs 7.4 billion

Disbursements under youth loans soar to Rs 7.4 billion

Banks have made fresh disbursements of Rs 1.02 billion to 895 borrowers on account of Prime Minister's Youth Business Loans (PMYBL) scheme during the first quarter (Jan-March) of this calendar year (CY16). With this addition, the cumulative disbursements

Published 16 Jun, 2016 12:00am

Misri may be replaced by Ballo at SRB

Misri may be replaced by Ballo at SRB

Principal Secretary to Chief Minister Sindh Alam Din Ballo is expected to replace Misri Ladhayani, the newly-appointed chairman of Sindh Revenue Board (SRB) on June 16 (today); it was learnt here on Wednesday. According to sources, Misri, who was appointe

Published 16 Jun, 2016 12:00am

The Weather

The Weather

The weather report on Wednesday (June 15, 2016) and the forecast for Thursday (June 16, 2016).

Published 16 Jun, 2016 12:00am

Misri may be replaced by Ballo at SRB

Misri may be replaced by Ballo at SRB

Principal Secretary to Chief Minister Sindh Alam Din Ballo is expected to replace Misri Ladhayani, the newly-appointed chairman of Sindh Revenue Board (SRB) on June 16 (today); it was learnt here on Wednesday. According to sources, Misri, who was appointe

Published 16 Jun, 2016 12:00am

Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (June 15, 2016).

Published 16 Jun, 2016 12:00am

Misri may be replaced by Ballo at SRB

Misri may be replaced by Ballo at SRB

Principal Secretary to Chief Minister Sindh Alam Din Ballo is expected to replace Misri Ladhayani, the newly-appointed chairman of Sindh Revenue Board (SRB) on June 16 (today); it was learnt here on Wednesday. According to sources, Misri, who was appointe

Published 16 Jun, 2016 12:00am

LME official prices

LME official prices

The following were Tuesday official prices.

Published 16 Jun, 2016 12:00am

KWSB allowed to lift 25 MGD water from Hub dam

KWSB allowed to lift 25 MGD water from Hub dam

Sindh chief Minister Syed Qaim Ali Shah taking his personal initiative allowed Karachi Water and Sewerage Board to lift 25 MGD water from Hub Dam which is currently at dead level, so that water shortage in Karachi could be eased. "This lifting of water wo

Published 16 Jun, 2016 12:00am

LME official prices

LME official prices

The following were Tuesday official prices.

Published 16 Jun, 2016 12:00am

BRIndex30 gains 576.48 points

BRIndex30 gains 576.48 points

On Wednesday, BRIndex30 opened at 22,456.95 and remained positive throughout the trading session. It touched an intraday high of 23,049.61 and an intraday Low of 22,809.07 and closed at 23,033.43 which was 576.48 points or 2.57 percent higher than previou

Published 16 Jun, 2016 12:00am

Cotton Spot Rates

Cotton Spot Rates

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

Published 16 Jun, 2016 12:00am

BRIndex30 gains 576.48 points

BRIndex30 gains 576.48 points

On Wednesday, BRIndex30 opened at 22,456.95 and remained positive throughout the trading session. It touched an intraday high of 23,049.61 and an intraday Low of 22,809.07 and closed at 23,033.43 which was 576.48 points or 2.57 percent higher than previou

Published 16 Jun, 2016 12:00am

Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (June 15, 2016)

Published 16 Jun, 2016 12:00am

Stocks hit historic high

Stocks hit historic high

Equities rallied by 1,042 points or 2.78 percent Wednesday after the MSCI reclassified Pakistan as the world''s emerging stock markets. The bull-run saw the benchmark KSE-100 rising to all-time high of 38,560 points compared to 37,518 of Tuesday. Trading

Published 16 Jun, 2016 12:00am

Lahore Paper Market Rates

Lahore Paper Market Rates

Paper market rates in rupees on Wednesday (June 15, 2016).

Published 16 Jun, 2016 12:00am

Stocks hit historic high

Stocks hit historic high

Equities rallied by 1,042 points or 2.78 percent Wednesday after the MSCI reclassified Pakistan as the world's emerging stock markets. The bull-run saw the benchmark KSE-100 rising to all-time high of 38,560 points compared to 37,518 of Tuesday. Trading v

Published 16 Jun, 2016 12:00am

Pakistan Mercantile Exchange - PMEX

Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Wednesday (June 15, 2016).

Published 16 Jun, 2016 12:00am

Stocks hit historic high

Stocks hit historic high

Equities rallied by 1,042 points or 2.78 percent Wednesday after the MSCI reclassified Pakistan as the world's emerging stock markets. The bull-run saw the benchmark KSE-100 rising to all-time high of 38,560 points compared to 37,518 of Tuesday. Trading v

Published 16 Jun, 2016 12:00am

Shipping Intelligence

Shipping Intelligence

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

Published 16 Jun, 2016 12:00am

Finance Bill: SECP, FBR agree on some proposed amendments

Finance Bill: SECP, FBR agree on some proposed amendments

The Securities and Exchange Commission of Pakistan (SECP) and Federal Board of Revenue (FBR) have agreed on some proposed amendments in the Finance Bill 2016 to remove anomalies, uniform tax treatment to different sectors, encourage listing of companies a

Published 16 Jun, 2016 12:00am

Shipping Intelligence

Shipping Intelligence

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

Published 16 Jun, 2016 12:00am

Finance Bill: SECP, FBR agree on some proposed amendments

Finance Bill: SECP, FBR agree on some proposed amendments

The Securities and Exchange Commission of Pakistan (SECP) and Federal Board of Revenue (FBR) have agreed on some proposed amendments in the Finance Bill 2016 to remove anomalies, uniform tax treatment to different sectors, encourage listing of companies a

Published 16 Jun, 2016 12:00am

Dollar's rate in interbank market

Dollar's rate in interbank market

Interbank closing rates for dollar on Wednesday (June 15, 2016).

Published 16 Jun, 2016 12:00am

Finance Bill: SECP, FBR agree on some proposed amendments

Finance Bill: SECP, FBR agree on some proposed amendments

The Securities and Exchange Commission of Pakistan (SECP) and Federal Board of Revenue (FBR) have agreed on some proposed amendments in the Finance Bill 2016 to remove anomalies, uniform tax treatment to different sectors, encourage listing of companies a

Published 16 Jun, 2016 12:00am

Kerb buying and selling rate of US dollar

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Wednesday (June 15, 2016).

Published 16 Jun, 2016 12:00am

Finance Bill: Dar pledges to accommodate recommendations: NA body

Finance Bill: Dar pledges to accommodate recommendations: NA body

Finance Minister Ishaq Dar has assured National Assembly Standing Committee on Finance that government would accommodate its recommendations to the budget for next fiscal year in the amended Finance Bill 2016. Chairman of the finance committee Qaisar Shei

Published 16 Jun, 2016 12:00am

THE RUPEE: modest recovery

Currency

THE RUPEE: modest recovery

The rupee managed to recover modestly against the dollar on the money market on Wednesday, dealer said. The rupee managed to recover eight paisa versus the dollar for buying and selling at Rs 104.58 and Rs 104.60, dealer said.

Published 16 Jun, 2016 12:00am

Finance Bill: Dar pledges to accommodate recommendations: NA body

Finance Bill: Dar pledges to accommodate recommendations: NA body

Finance Minister Ishaq Dar has assured National Assembly Standing Committee on Finance that government would accommodate its recommendations to the budget for next fiscal year in the amended Finance Bill 2016. Chairman of the finance committee Qaisar Shei

Published 16 Jun, 2016 12:00am

THE RUPEE: modest recovery

Currency

THE RUPEE: modest recovery

The rupee managed to recover modestly against the dollar on the money market on Wednesday, dealer said. The rupee managed to recover eight paisa versus the dollar for buying and selling at Rs 104.58 and Rs 104.60, dealer said.

Published 16 Jun, 2016 12:00am

Finance Bill: Dar pledges to accommodate recommendations: NA body

Finance Bill: Dar pledges to accommodate recommendations: NA body

Finance Minister Ishaq Dar has assured National Assembly Standing Committee on Finance that government would accommodate its recommendations to the budget for next fiscal year in the amended Finance Bill 2016. Chairman of the finance committee Qaisar Shei

Published 16 Jun, 2016 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 12	278
USD PKR Interbank Buying / Nov 12	277.75
USD to Japanese Yen / Nov 12	153.83
USD to Swiss Franc / Nov 12	0.88
Pound Sterling to USD / Nov 12	1.28
Euro to USD / Nov 12	1.06

Stock	Volume
S&P 500 / Nov 11	6,001.35
Nasdaq / Nov 11	19,298.77
Dow Jones / Nov 11	44,293.13
India Sensex / Nov 12	78,930.71
Tokyo Nikkei / Nov 12	39,376.09
Hang Seng / Nov 12	19,825.28
FTSE 100 / Nov 12	8,078.78
Germany DAX 30 / Nov 12	19,259.41

Item	Value
Crude Oil USD/Barrel / Nov 12	68.03
Karachi Cotton PKR/37.32 KG / Nov 12	18,085
Gold 10 Grams PKR / Nov 12	231,911
Gold Spot USD/Ounce / Nov 12	2,600.75
Cotton US¢/pound / Nov 12	72.18
Petrol/Litre / Nov 13	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 13 786 Investments Limited(786)	6.11 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 13 Al-Abbas Sugar Mills Limited(AABS)	600 ▼ 0.00 (0.00%)
Agro Allianz / Nov 13 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 13 Ali Asghar Textile Mills Limited(AATM)	66.54 ▼ 0.00 (0.00%)
Allied Bank / Nov 13 Allied Bank Limited(ABL)	116.05 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 13 Abbott Laboratories (Pakistan) Limited(ABOT)	984.72 ▼ 0.00 (0.00%)
Abson Ind. / Nov 13 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 13 Alfalah Consumer Index ETF.(ACIETF)	12.03 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 13 786 Investments Limited(786)	6.11 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 13 Al-Abbas Sugar Mills Limited(AABS)	600 ▲ 0.00 (0.00%)
Agro Allianz / Nov 13 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 13 Ali Asghar Textile Mills Limited(AATM)	66.54 ▲ 0.00 (0.00%)
Allied Bank / Nov 13 Allied Bank Limited(ABL)	116.05 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 13 Abbott Laboratories (Pakistan) Limited(ABOT)	984.72 ▲ 0.00 (0.00%)
Abson Ind. / Nov 13 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 13 Alfalah Consumer Index ETF.(ACIETF)	12.03 ▲ 0.00 (0.00%)

Stock	Volume
Cnergyico PK / Nov 13 Cnergyico PK Limited(CNERGY)	98,601,408 ▲ 0.00
Pak Elektron / Nov 13 Pak Elektron Limited(PAEL)	78,094,188 ▲ 0.00
K-Electric Ltd. / Nov 13 K-Electric Limited(KEL)	70,187,495 ▲ 0.00
WorldCall Telecom / Nov 13 Worldcall Telecom Limited(WTL)	31,959,599 ▲ 0.00
B.O.Punjab / Nov 13 The Bank of Punjab(BOP)	30,732,112 ▲ 0.00
The Searle Co. / Nov 13 The Searle Company Limited(SEARL)	25,361,739 ▲ 0.00
Citi Pharma Ltd / Nov 13 Citi Pharma Ltd.(CPHL)	22,856,315 ▲ 0.00
Sui South Gas / Nov 13 Sui Southern Gas Company Limited(SSGC)	22,691,678 ▲ 0.00
Pak Refinery / Nov 13 Pakistan Refinery Limited(PRL)	16,427,996 ▲ 0.00

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