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Print - 2016-11-01
Nandipur project: ECC approves sovereign guarantee

Nandipur project: ECC approves sovereign guarantee

The Economic Co-ordination Committee (ECC) of the Cabinet has approved federal government's sovereign guarantee of Rs 3.0612 billion for the 425MW Nandipur power project. Ministry of Water and Power gave a briefing to the ECC chaired by Finance Minister I
Published 01 Nov, 2016 12:00am
Nandipur project: ECC approves sovereign guarantee

Nandipur project: ECC approves sovereign guarantee

The Economic Co-ordination Committee (ECC) of the Cabinet has approved federal government''s sovereign guarantee of Rs 3.0612 billion for the 425MW Nandipur power project. Ministry of Water and Power gave a briefing to the ECC chaired by Finance Minister
Published 01 Nov, 2016 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 01 Nov, 2016 12:00am
PTI chief seeks to pressurise judiciary: PML-N

PTI chief seeks to pressurise judiciary: PML-N

The government on Monday reiterated that no one will be allowed to lock down Islamabad. Addressing at a joint press conference, Pakistan Muslim League-Nawaz (PML-N) leaders Talal Chaudhry, Muhammad Zubair and Daniyal Aziz said that those demanding account
Published 01 Nov, 2016 12:00am
PTI chief seeks to pressurise judiciary: PML-N

PTI chief seeks to pressurise judiciary: PML-N

The government on Monday reiterated that no one will be allowed to lock down Islamabad. Addressing at a joint press conference, Pakistan Muslim League-Nawaz (PML-N) leaders Talal Chaudhry, Muhammad Zubair and Daniyal Aziz said that those demanding account
Published 01 Nov, 2016 12:00am
Sharifs authorise former AGP Butt to represent them

Sharifs authorise former AGP Butt to represent them

Prime Minister Mian Nawaz Sharif and his family members on Monday authorized former Attorney General for Pakistan Salman Aslam Butt to represent them in the Panama Papers case before the Supreme Court on Tuesday (today).
Published 01 Nov, 2016 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 01 Nov, 2016 12:00am
Sharifs authorise former AGP Butt to represent them

Sharifs authorise former AGP Butt to represent them

Prime Minister Mian Nawaz Sharif and his family members on Monday authorized former Attorney General for Pakistan Salman Aslam Butt to represent them in the Panama Papers case before the Supreme Court on Tuesday (today).
Published 01 Nov, 2016 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 01 Nov, 2016 12:00am
Stocks inch up

Stocks inch up

Pakistan Stock Exchange (PSX) witnessed a mixed trend due to lack of confidence of investors over the prevailing political situation in the country. The benchmark KSE-100 index after moving between 40,173.83 points intra-day high and 39,792.15 points intr
Published 01 Nov, 2016 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 01 Nov, 2016 12:00am
Stocks inch up

Stocks inch up

Pakistan Stock Exchange (PSX) witnessed a mixed trend due to lack of confidence of investors over the prevailing political situation in the country. The benchmark KSE-100 index after moving between 40,173.83 points intra-day high and 39,792.15 points intr
Published 01 Nov, 2016 12:00am
Stocks inch up

Stocks inch up

Pakistan Stock Exchange (PSX) witnessed a mixed trend due to lack of confidence of investors over the prevailing political situation in the country. The benchmark KSE-100 index after moving between 40,173.83 points intra-day high and 39,792.15 points intr
Published 01 Nov, 2016 12:00am
BRIndex30 up 110.31 points

BRIndex30 up 110.31 points

On Monday, BRIndex30 opened at 22,662.36 points. It touched an intraday high of 22,955.60 points and an intraday low of 22,592.25 points and closed at 22,772.67 points which was 110.31 points or 0.49 percent higher than previous close. Total volume was 15
Published 01 Nov, 2016 12:00am
BRIndex30 up 110.31 points

BRIndex30 up 110.31 points

On Monday, BRIndex30 opened at 22,662.36 points. It touched an intraday high of 22,955.60 points and an intraday low of 22,592.25 points and closed at 22,772.67 points which was 110.31 points or 0.49 percent higher than previous close. Total volume was 15
Published 01 Nov, 2016 12:00am
Army deployed at Islamabad interchange

Army deployed at Islamabad interchange

Army personnel have been deployed at Islamabad interchange in aid of civil law enforcement agencies. Sources revealed that army troops will act as a rapid response force to avert any possible attack. However, army will not engage itself in a "head on" wit
Published 01 Nov, 2016 12:00am
Army deployed at Islamabad interchange

Army deployed at Islamabad interchange

Army personnel have been deployed at Islamabad interchange in aid of civil law enforcement agencies. Sources revealed that army troops will act as a rapid response force to avert any possible attack. However, army will not engage itself in a "head on" wit
Published 01 Nov, 2016 12:00am
Policemen, FC: Nisar announces special package

Policemen, FC: Nisar announces special package

In a bid to boost the moral of police and Frontier Constabulary (FC) personnel, interior minister Chaudhary Nisar Ali Khan on Monday announced special incentives for the cops. In a statement issued by the interior ministry, the interior minister has accor
Published 01 Nov, 2016 12:00am
Crackdown on workers, leaders of PTI continues

Crackdown on workers, leaders of PTI continues

The crackdown on workers and leaders of Pakistan Tehreek-e-Insaf (PTI) ahead of party's Islamabad lockdown plan on November 02 remained continued on Monday as police arrested scores of its workers including some lawmakers. Dr Arif Alvi, Imran Ismail, alon
Published 01 Nov, 2016 12:00am
Four-point charter of demands should be met: Bilawal

Four-point charter of demands should be met: Bilawal

Chairman of Pakistan People's Party Bilawal Bhutto has urged on Monday that we need to address societal issues and strengthen our democratic and judicial system. He expressed these views addressing a press conference where he also stressed on the need to
Published 01 Nov, 2016 12:00am
Imran, Tareen to appear before ECP on November 2

Imran, Tareen to appear before ECP on November 2

Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan and his colleague Jahangir Tareen will appear before the Election Commission of Pakistan (ECP) on Wednesday.
Published 01 Nov, 2016 12:00am
THE RUPEE: rates fall
Currency

THE RUPEE: rates fall

A slight decline was seen in the value of rupee against the dollar on the money market on Monday in the process of trading, dealers said.
Published 01 Nov, 2016 12:00am
Imran, Tareen to appear before ECP on November 2

Imran, Tareen to appear before ECP on November 2

Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan and his colleague Jahangir Tareen will appear before the Election Commission of Pakistan (ECP) on Wednesday.
Published 01 Nov, 2016 12:00am
THE RUPEE: rates fall
Currency

THE RUPEE: rates fall

A slight decline was seen in the value of rupee against the dollar on the money market on Monday in the process of trading, dealers said.
Published 01 Nov, 2016 12:00am
Marriyum Aurangzeb given information portfolio

Marriyum Aurangzeb given information portfolio

After removal of Perviaz Rashid as federal information minister in wake of a controversial story, Prime Minister Nawaz on Monday opted for a loyalist and hand-picked Maryam Aurangzeb as state minister for information.
Published 01 Nov, 2016 12:00am
Marriyum Aurangzeb given information portfolio

Marriyum Aurangzeb given information portfolio

After removal of Perviaz Rashid as federal information minister in wake of a controversial story, Prime Minister Nawaz on Monday opted for a loyalist and hand-picked Maryam Aurangzeb as state minister for information.
Published 01 Nov, 2016 12:00am
Date for filing of returns/statements extended

Date for filing of returns/statements extended

The Federal Board of Revenue (FBR) has extended date for filing of income tax returns/statements upto November 15 for Tax Year 2016. According to an income tax circular issued by the FBR here on Monday, in exercise of the powers conferred under Section 21
Published 01 Nov, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (October 31, 2016).

Published 01 Nov, 2016 12:00am
Date for filing of returns/statements extended

Date for filing of returns/statements extended

The Federal Board of Revenue (FBR) has extended date for filing of income tax returns/statements upto November 15 for Tax Year 2016. According to an income tax circular issued by the FBR here on Monday, in exercise of the powers conferred under Section 21
Published 01 Nov, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (October 31, 2016).

Published 01 Nov, 2016 12:00am
Date for filing of returns/statements extended

Date for filing of returns/statements extended

The Federal Board of Revenue (FBR) has extended date for filing of income tax returns/statements upto November 15 for Tax Year 2016. According to an income tax circular issued by the FBR here on Monday, in exercise of the powers conferred under Section 21
Published 01 Nov, 2016 12:00am
SBP's profit declines 43 percent in FY16
Currency

SBP's profit declines 43 percent in FY16

The State Bank of Pakistan's profit fell drastically by 43 percent during the last fiscal year 2015-16 (FY16), mainly due to massive reduction in the discount and other operating incomes.
Published 01 Nov, 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 Monday (October 31, 2016).

Published 01 Nov, 2016 12:00am
SBP's profit declines 43 percent in FY16
Currency

SBP's profit declines 43 percent in FY16

The State Bank of Pakistan's profit fell drastically by 43 percent during the last fiscal year 2015-16 (FY16), mainly due to massive reduction in the discount and other operating incomes.
Published 01 Nov, 2016 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (October 31, 2016).

Published 01 Nov, 2016 12:00am
SBP''s profit declines 43 percent in FY16
Currency

SBP''s profit declines 43 percent in FY16

The State Bank of Pakistan''s profit fell drastically by 43 percent during the last fiscal year 2015-16 (FY16), mainly due to massive reduction in the discount and other operating incomes.
Published 01 Nov, 2016 12:00am
IHC asks PTI to stage protest at designated place

IHC asks PTI to stage protest at designated place

The Islamabad High Court on Monday ruled that Imran Khan can exercise his right to protest at a designated place - Democracy Park and Speech Corner' - of Islamabad but that too will be subject to permission by Islamabad Capital Territory (ICT) administrat
Published 01 Nov, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (October 31, 2016)

Published 01 Nov, 2016 12:00am
IHC asks PTI to stage protest at designated place

IHC asks PTI to stage protest at designated place

The Islamabad High Court on Monday ruled that Imran Khan can exercise his right to protest at a designated place - Democracy Park and Speech Corner' - of Islamabad but that too will be subject to permission by Islamabad Capital Territory (ICT) administrat
Published 01 Nov, 2016 12:00am
Rs 25 billion refunds to be transferred online in seven days: Dar

Rs 25 billion refunds to be transferred online in seven days: Dar

Finance Minister Ishaq Dar announced that pending refund up till June 2016 of the entire export sector - Rs 25 billion - would be transferred online to exporters' accounts in next seven days. Speaking at a press conference here on Monday at Punjab House r
Published 01 Nov, 2016 12:00am
Rs 25 billion refunds to be transferred online in seven days: Dar

Rs 25 billion refunds to be transferred online in seven days: Dar

Finance Minister Ishaq Dar announced that pending refund up till June 2016 of the entire export sector - Rs 25 billion - would be transferred online to exporters' accounts in next seven days. Speaking at a press conference here on Monday at Punjab House r
Published 01 Nov, 2016 12:00am
Rs 25 billion refunds to be transferred online in seven days: Dar

Rs 25 billion refunds to be transferred online in seven days: Dar

Finance Minister Ishaq Dar announced that pending refund up till June 2016 of the entire export sector - Rs 25 billion - would be transferred online to exporters'' accounts in next seven days. Speaking at a press conference here on Monday at Punjab House
Published 01 Nov, 2016 12:00am
Rizvi elected SCBA President

Rizvi elected SCBA President

Hamid Khan-led Professional group's candidate Rashid A. Rizvi was elected as President, Supreme Court Bar Association (SCBA), for the year 2016-17. Rizvi defeated Asma Jahangir group's candidate Farooq H. Naek. Rizvi secured 1289 votes against 1060 bagged
Published 01 Nov, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (October 31, 2016).

Published 01 Nov, 2016 12:00am
Rizvi elected SCBA President

Rizvi elected SCBA President

Hamid Khan-led Professional group's candidate Rashid A. Rizvi was elected as President, Supreme Court Bar Association (SCBA), for the year 2016-17. Rizvi defeated Asma Jahangir group's candidate Farooq H. Naek. Rizvi secured 1289 votes against 1060 bagged
Published 01 Nov, 2016 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 01 Nov, 2016 12:00am
ITR filing: Dar urged to extend deadline till November 30

ITR filing: Dar urged to extend deadline till November 30

Senior Vice President of Federation of Pakistan Chambers of Commerce & Industry (FPCCI), Sheikh Khalid Tawab has urged the Federal Finance Minister Senator Ishaq Dar and Chairman Federal Board of Revenue (FBR) Nisar Muhammad Khan to extend the deadline fo
Published 01 Nov, 2016 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 01 Nov, 2016 12:00am
CEIF-IBA launches course on AAOIFI Shariah Standards

CEIF-IBA launches course on AAOIFI Shariah Standards

IBA Centre for Excellence in Islamic Finance (CEIF-IBA) in collaboration with Dubai Islamic Bank Pakistan Limited has launched a six-month intensive course on the AAOIFI Shariah Standards.
Published 01 Nov, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (October 31, 2016).

Published 01 Nov, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (October 31, 2016).

Published 01 Nov, 2016 12:00am
Gandapur booked for possessing 'illegal' fire arms, liquor

Gandapur booked for possessing 'illegal' fire arms, liquor

Police on Monday registered a First Information Report (FIR) against KP's Revenue Minister Ali Amin Gandapur over having illegal weapons and liquor in possession. It should be noted that Gandapur's car was stopped and searched at a check post at the Rukhs
Published 01 Nov, 2016 12:00am
The Weather

The Weather

The weather report on Monday (October 31, 2016) and the forecast for Tuesday (November 01, 2016).

Published 01 Nov, 2016 12:00am
HC opens Lahore Literary Festival in London

HC opens Lahore Literary Festival in London

Pakistan High Commissioner to the United Kingdom (UK), Syed Ibne Abbas, opened the first edition of the Lahore Literary Festival (LLF) in London at the BP Lecture Theatre of the British Museum.
Published 01 Nov, 2016 12:00am
China stocks ease
Currency

China stocks ease

China stocks ended slightly lower on Monday as sentiment was dampened by warnings from top policymakers about asset bubbles and uncertainties around the US presidential election The blue chip CSI300 index fell 0.1 percent, to 3,336.28, while the Shanghai
Published 01 Nov, 2016 12:00am
Dollar off recent highs in Asia

Dollar off recent highs in Asia

The dollar edged up on Monday, staying on track for a monthly gain, but remained shy of recent highs as investors became less sure that Hillary Clinton would win the US presidential election after the FBI's new probe into her private email use.
Published 01 Nov, 2016 12:00am
Sri Lankan rupee weakens
Currency

Sri Lankan rupee weakens

The Sri Lankan rupee ended weaker on Monday due to mild importer dollar demand, but month-end inward remittances capped the fall, dealers said. Rupee forwards were active, with one-week forwards ending weaker at 148.35/40 per dollar compared with Friday's
Published 01 Nov, 2016 12:00am
ST on POL products reduced

ST on POL products reduced

The Federal Board of Revenue (FBR) has reduced sales tax on petroleum products from November 1, 2016 including motor spirit on which sales tax has been reduced from 20 to 16.5 percent, reflecting a decrease of 3.5 percent. According to an SRO 1011(1)/2016
Published 01 Nov, 2016 12:00am
ST on POL products reduced

ST on POL products reduced

The Federal Board of Revenue (FBR) has reduced sales tax on petroleum products from November 1, 2016 including motor spirit on which sales tax has been reduced from 20 to 16.5 percent, reflecting a decrease of 3.5 percent. According to an SRO 1011(1)/2016
Published 01 Nov, 2016 12:00am
Victims of Nazimabad firing laid to rest

Victims of Nazimabad firing laid to rest

Funeral prayers of four persons who were shot dead by armed motorcyclists during a Majlis in Nazimabad on Saturday evening were offered, here on Monday. A large number of people from different walks of life such as religious scholars, politicians, social
Published 01 Nov, 2016 12:00am
Mansoor Karim appointed CEO of Orientm McCann

Mansoor Karim appointed CEO of Orientm McCann

Mansoor Karim, has been appointed as CEO of one of Pakistan's largest adverting agencies, Orientm McCann. Mansoor said he is excited to be part of the Orientm McMann family and is looking forward to leading the agency's operation spanning the country and
Published 01 Nov, 2016 12:00am
World Bank launches Doing Business Report 2017

World Bank launches Doing Business Report 2017

The World Bank launched Doing Business report 2017 on October 25, 2016. Pakistan improved its position from 148 (DB-2016) of 189 to 144 (DB-2017) out of 190 countries under the new methodology. On the Distance to Frontier (DTF) metric, Pakistan's score we
Published 01 Nov, 2016 12:00am
Maryam sends defamation notice to Haq

Maryam sends defamation notice to Haq

Maryam Nawaz, the daughter of Prime Minister Nawaz Sharif, on Monday sent Rs1 billion defamation notice to Naeemul Haq, central information secretary of Pakistan Tehreek-e-Insaf (PTI). The notice was sent after Naeemul Haq accused Maryam Nawaz of being re
Published 01 Nov, 2016 12:00am
(GIDC) Act, 2015: Ministry to file appeal against judgement

(GIDC) Act, 2015: Ministry to file appeal against judgement

Ministry of Petroleum and Natural Resources will file an appeal in the Sindh High Court (SHC) in consultation with the Ministry of Finance against the judgement of SHC on Gas Infrastructure Development Cess (GIDC) Act, 2015.
Published 01 Nov, 2016 12:00am
Mansoor Ali Khan appointed Chief Executive of Bank Al Habib

Mansoor Ali Khan appointed Chief Executive of Bank Al Habib

The Board of Directors of Bank AL Habib Limited has appointed Mansoor Ali Khan as Chief Executive of the Bank, w.e.f. November 01, 2016. Mansoor Ali Khan has vast experience of commercial & international banking both in Pakistan and overseas. He has been
Published 01 Nov, 2016 12:00am
LHC reserves verdict on petitions against sit-in plan

LHC reserves verdict on petitions against sit-in plan

The Lahore High Court on Monday reserved its verdict in petitions against locking down of Islamabad by Pakistan Tehreek-e-Insaf (PTI). The court also called detailed reply from the Punjab government regarding arrest of PTI's workers.
Published 01 Nov, 2016 12:00am
FTSE slips, though posts fifth straight month of gains

FTSE slips, though posts fifth straight month of gains

Britain's top share index retreated on Monday but posted a fifth straight month of gains, as advertising group WPP rose after reporting its third-quarter results. The blue chip FTSE 100 index was down 0.6 percent at 6,954.22 points by the close, but up 0.
Published 01 Nov, 2016 12:00am
Australian and New Zealand shares soar

Australian and New Zealand shares soar

Australian shares finished higher on Monday after a subdued start, as higher commodity prices supported basic materials stocks. The S&P/ASX 200 index was up 0.6 percent, or 33.89 points, at 5,317.73 at the close of trade. The benchmark closed 0.2 percent
Published 01 Nov, 2016 12:00am
Sri Lankan shares fall to three-month low

Sri Lankan shares fall to three-month low

Sri Lankan shares ended Monday weaker at a three-month low in thin trade ahead of a monetary policy announcement by the central bank, as the prime minister's plan for improving the investment climate failed to cheer the market.
Published 01 Nov, 2016 12:00am
European shares fall for 6th day, Spain's IBEX underperforms

European shares fall for 6th day, Spain's IBEX underperforms

European equities fell for a sixth straight session on Monday, with energy shares tracking weaker crude oil prices and financial stocks losing ground. Europe's STOXX 600 fell 0.5 percent, ending its second month of losses.
Published 01 Nov, 2016 12:00am
Bank Alfalah enters into strategic partnership with ICBC

Bank Alfalah enters into strategic partnership with ICBC

Bank Alfalah has entered into a strategic partnership with prominent Chinese Bank, Industrial and Commercial Bank of China Limited (ICBC), Karachi Branch for cooperation in several areas of banking and finance.
Published 01 Nov, 2016 12:00am
FPCCI elections: UBG to finalise names of candidates on November 6

FPCCI elections: UBG to finalise names of candidates on November 6

Central Core committee meeting of United Business Group (UBG) is scheduled to be on November 6 to finales and announce its candidate names for the seats of Senior Vice President and Vice presidents, for forth coming elections of Federation of Pakistan Cha
Published 01 Nov, 2016 12:00am