News Archives for Print - 2016-11-05

Sudan arrests opposition leader over fuel price speech

Sudanese security agents arrested a senior opposition politician on Friday for giving a speech that criticised a government decision to raise fuel prices, his party said. Agents from the all-powerful National Intelligence and Security Service (NISS) arres

Published 05 Nov, 2016 12:00am

National Geographic 'Afghan girl' to be deported

An Afghan woman immortalised on a National Geographic cover will be sent back to the war-torn homeland she first fled decades ago, after a Pakistani court ordered Friday that she be deported. Sharbat Gula, whose blazing green eyes were captured in an imag

Published 05 Nov, 2016 12:00am

Blast kills 11 on way to Afghan wedding

A roadside bomb has killed 11 people on their way to a wedding in the northern Afghan province of Faryab, officials said Friday, as civilian casualties rise in the war-torn country. The blast occurred on Thursday just as 30 Afghan civilians were killed in

Published 05 Nov, 2016 12:00am

Six killed in firing incidents in Karachi

At least six people were killed and several others injured in separate incidents of firing in the city, here on Friday. Police said that unidentified armed men shot and injured three people near Shafique More and fled. The injured were rushed to a nearby

Published 05 Nov, 2016 12:00am

After Calais, France clears Paris migrant camp

Hundreds of French police cleared a huge migrant camp in north-east Paris on Friday in a fresh sign of the government's determination to take refugees off the streets and into shelters. The evacuation of 3,800 people from the Stalingrad area of the city c

Published 05 Nov, 2016 12:00am

Six killed in firing incidents in Karachi

At least six people were killed and several others injured in separate incidents of firing in the city, here on Friday. Police said that unidentified armed men shot and injured three people near Shafique More and fled. The injured were rushed to a nearby

Published 05 Nov, 2016 12:00am

Turkish lira hits new historic lows

Turkey's embattled lira on Friday plunged to new historic lows in value against the US dollar as markets took fright at a new crackdown against its main pro-Kurdish political party. The lira is now trading at values substantially lower than in the wake of

Published 05 Nov, 2016 12:00am

Individual investors of mutual funds: SECP introduces Sahulat Sarmayakari Accounts

The Securities and Exchange Commission of Pakistan (SECP) has introduced Sahulat Sarmayakari Accounts for opening of mutual funds accounts by individual low-risk customers and branchless banking account holders with asset management companies (AMCs).

Published 05 Nov, 2016 12:00am

Turkey jails Kurdish party leaders as attack kills nine

Turkey on Friday jailed the two co-leaders of the country's main pro-Kurdish party and several other MPs, in an unprecedented crackdown as a deadly bombing killed nine in the Kurdish-dominated southeast. A court in the south-eastern city of Diyarbakir rem

Published 05 Nov, 2016 12:00am

Individual investors of mutual funds: SECP introduces Sahulat Sarmayakari Accounts

The Securities and Exchange Commission of Pakistan (SECP) has introduced Sahulat Sarmayakari Accounts for opening of mutual funds accounts by individual low-risk customers and branchless banking account holders with asset management companies (AMCs).

Published 05 Nov, 2016 12:00am

Historic climate pact enters into force

A world-wide pact to battle global warming entered into force Friday, just a week before nations reassemble to discuss how to make good on their promises to cut planet-warming greenhouse gases. Dubbed the Paris Agreement, it is the first-ever deal binding

Published 05 Nov, 2016 12:00am

Individual investors of mutual funds: SECP introduces Sahulat Sarmayakari Accounts

The Securities and Exchange Commission of Pakistan (SECP) has introduced Sahulat Sarmayakari Accounts for opening of mutual funds accounts by individual low-risk customers and branchless banking account holders with asset management companies (AMCs).

Published 05 Nov, 2016 12:00am

Iqbal Day: PWFP organises debate competition

Pakistan Women's Foundation for Peace (PWFP) on Friday organized Allama Iqbal Inter University Debate Competition to commemorate Iqbal Day. The event was organized at Karachi Gymkhana, presided over by former ambassador Mehdi Masood. Speaking to the stude

Published 05 Nov, 2016 12:00am

Individual investors of mutual funds: SECP introduces Sahulat Sarmayakari Accounts

The Securities and Exchange Commission of Pakistan (SECP) has introduced Sahulat Sarmayakari Accounts for opening of mutual funds accounts by individual low-risk customers and branchless banking account holders with asset management companies (AMCs).

Published 05 Nov, 2016 12:00am

UBL wins 'CFA Best Bank of the Year' Award

UBL has been declared the 'Best Bank of the Year' in the Large Size Banks category by the CFA Society Pakistan, a member of the CFA Institute, USA. CFA Society Pakistan is an organisation of analysts, portfolio managers and finance professionals.

Published 05 Nov, 2016 12:00am

Saudi Arabia lifts ban on import of shrimps from Pakistan

Saudi Arabia has reportedly lifted ban on import of shrimps from Pakistan after extensive deliberations of concerned Ministries and Chairman Pak-Saudi Joint Chamber of Commerce and Industry (PSJCCI) with Saudi ambassador to Pakistan. "Minister for Ports a

Published 05 Nov, 2016 12:00am

APCAA concerned over shipping agents' issues

All Pakistan Customs Agents Association (APCAA) has expressed concern over the issues related to the shipping agents. Arshad Jamal, senior vice chairman APCAA in a letter sent to customs authorities stated that custom agents were facing immense difficulti

Published 05 Nov, 2016 12:00am

Saudi Arabia lifts ban on import of shrimps from Pakistan

Saudi Arabia has reportedly lifted ban on import of shrimps from Pakistan after extensive deliberations of concerned Ministries and Chairman Pak-Saudi Joint Chamber of Commerce and Industry (PSJCCI) with Saudi ambassador to Pakistan. "Minister for Ports a

Published 05 Nov, 2016 12:00am

Exemption authorisations: FBR asks EAD to approach concerned CCIR

The Federal Board of Revenue (FBR) has asked the Economic Affairs Division (EAD) to directly approach the concerned Chief Commissioner Inland Revenue to obtain sales tax exemption authorisations on goods imported or supplied under grants-in-aid agreements

Published 05 Nov, 2016 12:00am

Saudi Arabia lifts ban on import of shrimps from Pakistan

Saudi Arabia has reportedly lifted ban on import of shrimps from Pakistan after extensive deliberations of concerned Ministries and Chairman Pak-Saudi Joint Chamber of Commerce and Industry (PSJCCI) with Saudi ambassador to Pakistan. "Minister for Ports a

Published 05 Nov, 2016 12:00am

JCR-VIS reaffirms credit rating of Hascol Petroleum

JCR-VIS Credit Rating Company Ltd (JCR-VIS) has reaffirmed the entity ratings of Hascol Petroleum Limited (HPL) at 'A + / A-1' (Single A Plus/A-One). Rating of HPL's secured Sukuk issue of Rs 2 billion has also been reaffirmed at AA- (Double A minus). Out

Published 05 Nov, 2016 12:00am

Money laundering violations: New York fines Chinese bank $215 million

New York''s state bank regulator on Friday fined the giant Agricultural Bank of China $215 million for violating anti-money laundering laws and obscuring financial transactions involving Russia and China. The Department of Financial Services said the bank

Published 05 Nov, 2016 12:00am

JCR-VIS reaffirms credit rating of Hascol Petroleum

JCR-VIS Credit Rating Company Ltd (JCR-VIS) has reaffirmed the entity ratings of Hascol Petroleum Limited (HPL) at 'A + / A-1' (Single A Plus/A-One). Rating of HPL's secured Sukuk issue of Rs 2 billion has also been reaffirmed at AA- (Double A minus). Out

Published 05 Nov, 2016 12:00am

Money laundering violations: New York fines Chinese bank $215 million

New York's state bank regulator on Friday fined the giant Agricultural Bank of China $215 million for violating anti-money laundering laws and obscuring financial transactions involving Russia and China. The Department of Financial Services said the bank,

Published 05 Nov, 2016 12:00am

Foggy weather forecast for Punjab, KP

Foggy weather in plains of Punjab and Khyber Pakhtunkhwa is expected to prevail in November and December 2016, the Met Office said. Less snow is likely to fall on the mountainous areas of Gilgit-Baltistan, Azad Jammu and Kashmir and Khyber Pakhtunkhwa dur

Published 05 Nov, 2016 12:00am

Money laundering violations: New York fines Chinese bank $215 million

New York's state bank regulator on Friday fined the giant Agricultural Bank of China $215 million for violating anti-money laundering laws and obscuring financial transactions involving Russia and China. The Department of Financial Services said the bank,

Published 05 Nov, 2016 12:00am

Rs 5 billion corruption case: SHC extends interim bail granted to Sharjeel, other accused

Sindh High Court (SHC) on Friday extended interim bail granted to former Sindh Information Minister Sharjeel Inam Memon and other accused in the Rs 5 billion corruption reference till November 15. SHC bench heard bail applications of Sharjeel Inam Memon a

Published 05 Nov, 2016 12:00am

Defamation suit: Shahbaz issued notice

A District and Sessions Judge of Islamabad Kamran Basharat Mufti on Friday issued a notice to Chief Minister Punjab Shahbaz Sharif in response to a defamation suit of Rs 30 billion filed by Pakistan Tehreek-e-Insaf secretary general Jahangir Khan Tareen.

Published 05 Nov, 2016 12:00am

Germany supports ICMP Colombia project

Germany is supporting an ICMP project to help the authorities in Colombia design and implement measures to account for missing persons. Under an agreement signed on Thursday by Germany's Ambassador to The Netherlands, Dirk Brengelmann, and ICMP Director-G

Published 05 Nov, 2016 12:00am

Defamation suit: Shahbaz issued notice

A District and Sessions Judge of Islamabad Kamran Basharat Mufti on Friday issued a notice to Chief Minister Punjab Shahbaz Sharif in response to a defamation suit of Rs 30 billion filed by Pakistan Tehreek-e-Insaf secretary general Jahangir Khan Tareen.

Published 05 Nov, 2016 12:00am

SHC orders medical treatment of MQM London's Younus

Sindh High Court (SHC) on Friday directed the superintendent of Central Prison Karachi to provide medical treatment to an ailing Muttahida Qaumi Movement (MQM) London chapter leader Kunwar Khalid Younus, jailed under the Maintenance of Public Order.

Published 05 Nov, 2016 12:00am

Indonesian police quell mass protest by hardliners

Indonesian police quelled a mass protest by tens of thousands of hard-line Muslims on Friday, firing tear gas and water cannon into crowds demanding the resignation of the Christian governor of Jakarta, who they said had insulted the Koran. A police spoke

Published 05 Nov, 2016 12:00am

Accountability should begin from Prime Minister: Bilawal

PPP Chairman Bilawal Bhutto Zardari has said that accountability needs to start from the prime minister and the premier needs to present himself for "democratic accountability". Addressing a public rally here at Dharki on Friday, he said the Prime Ministe

Published 05 Nov, 2016 12:00am

Indonesian police quell mass protest by hardliners

Indonesian police quelled a mass protest by tens of thousands of hard-line Muslims on Friday, firing tear gas and water cannon into crowds demanding the resignation of the Christian governor of Jakarta, who they said had insulted the Koran. A police spoke

Published 05 Nov, 2016 12:00am

Seven suspects arrested

The Hyderabad police arrested 7 suspects in separate raids in the jurisdictions of various police stations. The police spokesman informed here Friday that the Anti Terrorist Squad and City police raided an area adjacent to St Mary's School and arrested Ar

Published 05 Nov, 2016 12:00am

Shanghai Cooperation Organisation to set up bank

The Shanghai Cooperation Organisation (SCO), a pact of six nations led by China and Russia, is looking to establish a new development bank in a bid to boost investment in the region, the official Xinhua news agency said on Friday. At a meeting of the grou

Published 05 Nov, 2016 12:00am

ICMAP participates in SAFA events in Colombo

The Institute of Cost and Management Accountants of Pakistan (ICMA Pakistan) is participating in the SAFA events from November 3-5, 2016 in Colombo, Sri Lanka. The SAFA events at Sri Lanka, includes a conference which is initiated by SAFA's Committee on G

Published 05 Nov, 2016 12:00am

Anger at 'harsh censorship' as NDTV India silenced

Editors accused India's government Friday of imposing censorship reminiscent of the country's 1970s emergency after it ordered a TV network off the air over its reporting of an attack by militants. NDTV India has been instructed to cease broadcasts for 24

Published 05 Nov, 2016 12:00am

Six killed, 5 injured in tribal clash

Six people Friday were killed and five others injured in an armed clash between two sub-clans of Lashari tribe in Gandawah area of district. The armed tribesmen of two-sub-clans of Lashari tribe including Habiban and Balachni opened indiscriminate fire at

Published 05 Nov, 2016 12:00am

Anger at 'harsh censorship' as NDTV India silenced

Editors accused India's government Friday of imposing censorship reminiscent of the country's 1970s emergency after it ordered a TV network off the air over its reporting of an attack by militants. NDTV India has been instructed to cease broadcasts for 24

Published 05 Nov, 2016 12:00am

29th International Neuro-Surgery moot begins

Foreign delegates were impressed by high standard of medical facilities equipped with skill lab in the Punjab Institute of Neuro Sciences. They were speaking at the 29th International Neuro-Surgery Conference organized by Pakistan Society of Neuro Surgeon

Published 05 Nov, 2016 12:00am

BRIndex30 loses 74.9 points

On Friday, BRIndex30 opened at 23,761.69 points. It touched an intraday high of 23,802.50 points and an intraday low of 23,634.44 points and closed at 23,686.79 points which was -74.9 points or -0.32 percent lower than previous close. Total volume was 254

Published 05 Nov, 2016 12:00am

'All-out efforts should be made to reduce child mortality'

Advisor to Chief Minister on Health Khawaja Salman Rafique, while chairing the Provincial EPI Steering Committee meeting, here on Friday said that all-out efforts should be made to reduce child mortality. He asked the authorities concerned to complete hom

Published 05 Nov, 2016 12:00am

BRIndex30 loses 74.9 points

On Friday, BRIndex30 opened at 23,761.69 points. It touched an intraday high of 23,802.50 points and an intraday low of 23,634.44 points and closed at 23,686.79 points which was -74.9 points or -0.32 percent lower than previous close. Total volume was 254

Published 05 Nov, 2016 12:00am

Tevta, PEECA sign agreement

Technical Education and Vocational Training Authority (TEVTA) with the collaboration of Punjab Energy Efficiency and Conservation Agency (PEECA), Energy Department, Government of the Punjab will send its 12 Master Trainers to Germany to get 45 days advanc

Published 05 Nov, 2016 12:00am

Stocks shed gains

Pakistan Stock Exchange witnessed a mixed trend with the benchmark KSE-100 index oscillating between 42,121.26 points intra-day high and 41,798.78 points intra-day low level before closing at 41,841.56, down 132.90 points on Friday.

Published 05 Nov, 2016 12:00am

LCCI chief for upgradation of Railways

The Lahore Chamber of Commerce & Industry (LCCI) President Abdul Basit has underlined the need for up-gradation of railway system to avoid untoward incidents that are occurring constantly. The LCCI President said on Friday that repeated incidents and loss

Published 05 Nov, 2016 12:00am

Stocks shed gains

Pakistan Stock Exchange witnessed a mixed trend with the benchmark KSE-100 index oscillating between 42,121.26 points intra-day high and 41,798.78 points intra-day low level before closing at 41,841.56, down 132.90 points on Friday.

Published 05 Nov, 2016 12:00am

PBC suspends licence of two office-bearers of HCBA

Punjab Bar Council (PBC) has suspended practising license of two office bearers of High Court Bar Association (Bahawalpur bench) for taking part in celebrations of the court's 150th anniversary. Suspending the licenses, the council also summoned President

Published 05 Nov, 2016 12:00am

Stocks shed gains

Pakistan Stock Exchange witnessed a mixed trend with the benchmark KSE-100 index oscillating between 42,121.26 points intra-day high and 41,798.78 points intra-day low level before closing at 41,841.56, down 132.90 points on Friday.

Published 05 Nov, 2016 12:00am

PPDWP approves Rs 405.491 million worth schemes

The Punjab Provincial Development Working Party (PPDWP) approved two development schemes of different sectors including Lahore Orange Line Metro Train Project (from Ali Town to Dera Gujran) with an estimated cost of Rs 405.491 million. The schemes were ap

Published 05 Nov, 2016 12:00am

GSP Plus: EU hints at entering into five-year partnership

The European Union (EU) on Friday hinted at entering into a five-year strategic partnership with Pakistan after pointing out that the current relationship between the two has reached a matured level. This was expressed by EU''s Ambassador to Pakistan Jean

Published 05 Nov, 2016 12:00am

Lahore Safari Zoo: directive to complete uplift works on time

Provincial Steering Committee for Wildlife Chairman Malik Muhammad Afzal Khokhar expressing his displeasure over the slow pace of development work going on in Lahore Safari Zoo, has directed the officers of the Punjab Communication & Works Department to c

Published 05 Nov, 2016 12:00am

GSP Plus: EU hints at entering into five-year partnership

The European Union (EU) on Friday hinted at entering into a five-year strategic partnership with Pakistan after pointing out that the current relationship between the two has reached a matured level. This was expressed by EU's Ambassador to Pakistan Jean

Published 05 Nov, 2016 12:00am

PPA seeks to remove doubts about chicken feed

Chicken available in Pakistan is the same genetic package which is available in the US, Europe, India, Brazil, Argentina, China, or elsewhere in the world, said a spokesman of Pakistan Poultry Association (PPA) on Friday.

Published 05 Nov, 2016 12:00am

GSP Plus: EU hints at entering into five-year partnership

The European Union (EU) on Friday hinted at entering into a five-year strategic partnership with Pakistan after pointing out that the current relationship between the two has reached a matured level. This was expressed by EU's Ambassador to Pakistan Jean

Published 05 Nov, 2016 12:00am

TDAP, JICA hold workshop on apparel export

Trade Development Authority of Pakistan (TDAP) in collaboration with Japan International Cooperation Agency (JICA) organized a workshop on export of apparel at a local hotel, which was participated by the members of PRGMEA and Pakistan Hosiery Manufacture

Published 05 Nov, 2016 12:00am

Nisar, Shehbaz discuss security situation

Interior Minister Chaudhry Nisar Ali Khan and Chief Minister Punjab, Shehbaz Sharif met here on Friday and discussed various issues of national importance including matters of national security. During the meeting, views were exchanged over country's secu

Published 05 Nov, 2016 12:00am

PITB, Facebook conduct first developers' workshop

For the first time in Pakistan, Facebook for Developers in collaboration with Punjab IT Board (PITB) conducted a one day workshop at Arfa IT Tower. Speaking at the concluding session, Chairman PITB Dr Umar Saif said, "Facebook for Developers helps you bui

Published 05 Nov, 2016 12:00am

Nisar, Shehbaz discuss security situation

Interior Minister Chaudhry Nisar Ali Khan and Chief Minister Punjab, Shehbaz Sharif met here on Friday and discussed various issues of national importance including matters of national security. During the meeting, views were exchanged over country's secu

Published 05 Nov, 2016 12:00am

Wapda chief for developing energy, water resources

The WAPDA Chairman Lieutenant General Muzammil Hussain (Retd) has said that energy and water are two cardinal sectors of the national security, which concerted efforts are needed to develop water and energy resources in the country.

Published 05 Nov, 2016 12:00am

'Rashid can be probed by no one else but Senate'

Chairman Senate Raza Rabbani on Friday said that if any inquiry against Pervaiz Rashid, who stepped down in the wake of a controversial story on the national security, were to be held it should be done by Senate. Rabbani said the inquiries against judges

Published 05 Nov, 2016 12:00am

UHS declares MBBS results

The University of Health Sciences (UHS) on Friday announced the results of first Professional MBBS Part-I annual examination 2016. A total of 5584 candidates from 38 affiliated medical colleges appeared in the examination out of which 4557 passed and 917

Published 05 Nov, 2016 12:00am

'Rashid can be probed by no one else but Senate'

Chairman Senate Raza Rabbani on Friday said that if any inquiry against Pervaiz Rashid, who stepped down in the wake of a controversial story on the national security, were to be held it should be done by Senate. Rabbani said the inquiries against judges

Published 05 Nov, 2016 12:00am

Protest ended not with a bang but with a whimper: PM

Lashing out at his detractors, Prime Minister Nawaz Sharif on Friday said people had rejected the politics of insulting others, so such politicians could not claim to be the leader of civilised Pakistanis. Addressing a gathering at Kahuta's small village

Published 05 Nov, 2016 12:00am

Protest ended not with a bang but with a whimper: PM

Lashing out at his detractors, Prime Minister Nawaz Sharif on Friday said people had rejected the politics of insulting others, so such politicians could not claim to be the leader of civilised Pakistanis. Addressing a gathering at Kahuta's small village

Published 05 Nov, 2016 12:00am

PM's son-in-law for broad-based inquiry; ToRs filed

Captain Muhammad Safdar (Retd), the son-in-law of Prime Minister Nawaz Sharif, on Friday filed Terms of Reference (ToRs) in Supreme Court for the proposed judicial commission that would hold a probe into the Panama leaks. While resuming the Panama Leaks c

Published 05 Nov, 2016 12:00am

PM's son-in-law for broad-based inquiry; ToRs filed

Captain Muhammad Safdar (Retd), the son-in-law of Prime Minister Nawaz Sharif, on Friday filed Terms of Reference (ToRs) in Supreme Court for the proposed judicial commission that would hold a probe into the Panama leaks. While resuming the Panama Leaks c

Published 05 Nov, 2016 12:00am

Power sector receivables: Islamabad agrees to write off Rs 50 billion against Sindh government

The federal government has agreed to write off Rs 50 billion against Sindh government aimed at settling chronic issue of power sector receivables from July 2010 to July 2016, well informed sources told Business Recorder from Karachi. The total clai

Published 05 Nov, 2016 12:00am

Power sector receivables: Islamabad agrees to write off Rs 50 billion against Sindh government

The federal government has agreed to write off Rs 50 billion against Sindh government aimed at settling chronic issue of power sector receivables from July 2010 to July 2016, well informed sources told Business Recorder from Karachi. The total clai

Published 05 Nov, 2016 12:00am

Power sector receivables: Islamabad agrees to write off Rs 50 billion against Sindh government

The federal government has agreed to write off Rs 50 billion against Sindh government aimed at settling chronic issue of power sector receivables from July 2010 to July 2016, well informed sources told Business Recorder from Karachi. The total clai

Published 05 Nov, 2016 12:00am

Self-assessment: SBP introduces ''CAF'' for banks

The State Bank of Pakistan (SBP) on Friday introduced a Conduct Assessment Framework (CAF) for self-assessment by banks. The SBP has advised all Banks and Microfinance Banks (MFBs) to adopt the CAF from 1st January 2017 and undertake its assessment as of

Published 05 Nov, 2016 12:00am

Self-assessment: SBP introduces 'CAF' for banks

The State Bank of Pakistan (SBP) on Friday introduced a Conduct Assessment Framework (CAF) for self-assessment by banks. The SBP has advised all Banks and Microfinance Banks (MFBs) to adopt the CAF from 1st January 2017 and undertake its assessment as of

Published 05 Nov, 2016 12:00am

Self-assessment: SBP introduces 'CAF' for banks

The State Bank of Pakistan (SBP) on Friday introduced a Conduct Assessment Framework (CAF) for self-assessment by banks. The SBP has advised all Banks and Microfinance Banks (MFBs) to adopt the CAF from 1st January 2017 and undertake its assessment as of

Published 05 Nov, 2016 12:00am

Direct credit of refunds: FBR's arm to transfer details of approved RPOs to SBP

The Centralised Sales Tax Refund Office (CSTRO) of the Federal Board of Revenue (FBR) would electronically transfer details of approved Refund Payment Orders to the State Bank of Pakistan (SBP) for direct credit of sales tax refunds to the declared bank a

Published 05 Nov, 2016 12:00am

Direct credit of refunds: FBR's arm to transfer details of approved RPOs to SBP

The Centralised Sales Tax Refund Office (CSTRO) of the Federal Board of Revenue (FBR) would electronically transfer details of approved Refund Payment Orders to the State Bank of Pakistan (SBP) for direct credit of sales tax refunds to the declared bank a

Published 05 Nov, 2016 12:00am

Direct credit of refunds: FBR's arm to transfer details of approved RPOs to SBP

The Centralised Sales Tax Refund Office (CSTRO) of the Federal Board of Revenue (FBR) would electronically transfer details of approved Refund Payment Orders to the State Bank of Pakistan (SBP) for direct credit of sales tax refunds to the declared bank a

Published 05 Nov, 2016 12:00am

Financial matters: government's review petition dismissed

Supreme Court on Friday ruled that the constitution bars prime minister from exercising his discretionary powers in financial matters without the approval of the federal cabinet. The top court of the country, on August 18, had struck down a notification f

Published 05 Nov, 2016 12:00am

Financial matters: government''s review petition dismissed

Supreme Court on Friday ruled that the constitution bars prime minister from exercising his discretionary powers in financial matters without the approval of the federal cabinet. The top court of the country, on August 18, had struck down a notification f

Published 05 Nov, 2016 12:00am

Financial matters: government's review petition dismissed

Supreme Court on Friday ruled that the constitution bars prime minister from exercising his discretionary powers in financial matters without the approval of the federal cabinet. The top court of the country, on August 18, had struck down a notification f

Published 05 Nov, 2016 12:00am

Financial matters: government's review petition dismissed

Supreme Court on Friday ruled that the constitution bars prime minister from exercising his discretionary powers in financial matters without the approval of the federal cabinet. The top court of the country, on August 18, had struck down a notification f

Published 05 Nov, 2016 12:00am

May tells EU Brexit timetable ''unchanged'' despite shock ruling

British Prime Minister Theresa May on Friday told European leaders that her March deadline for triggering Brexit negotiations "remains unchanged" despite a court ruling that she first needs parliament''s approval. May told European Commission President Je

Published 05 Nov, 2016 12:00am

May tells EU Brexit timetable 'unchanged' despite shock ruling

British Prime Minister Theresa May on Friday told European leaders that her March deadline for triggering Brexit negotiations "remains unchanged" despite a court ruling that she first needs parliament's approval. May told European Commission President Jea

Published 05 Nov, 2016 12:00am

May tells EU Brexit timetable 'unchanged' despite shock ruling

British Prime Minister Theresa May on Friday told European leaders that her March deadline for triggering Brexit negotiations "remains unchanged" despite a court ruling that she first needs parliament's approval. May told European Commission President Jea

Published 05 Nov, 2016 12:00am

Chinese investment companies: Consortium''s representatives meet Prime Minister

Represen-tatives of a consortium of Chinese investment companies comprising China Huarong International Holdings Limited, China Innovative Finance Group Limited, Hong Kong Tian Group, Chandong Hi-Speed Group and China Road & Bridge Group called on Prime M

Published 05 Nov, 2016 12:00am

Chinese investment companies: Consortium's representatives meet Prime Minister

Represen-tatives of a consortium of Chinese investment companies comprising China Huarong International Holdings Limited, China Innovative Finance Group Limited, Hong Kong Tian Group, Chandong Hi-Speed Group and China Road & Bridge Group called on Prime M

Published 05 Nov, 2016 12:00am

Chinese investment companies: Consortium's representatives meet Prime Minister

Represen-tatives of a consortium of Chinese investment companies comprising China Huarong International Holdings Limited, China Innovative Finance Group Limited, Hong Kong Tian Group, Chandong Hi-Speed Group and China Road & Bridge Group called on Prime M

Published 05 Nov, 2016 12:00am

Saudis threaten to raise oil output as sparring with Iran returns

Old disputes between Saudi Arabia and rival Iran resurfaced at a meeting of Opec experts last week, with Riyadh saying it could raise oil output steeply to bring prices down if Tehran refuses to limit its supply, Opec sources say. Clashes between the two

Published 05 Nov, 2016 12:00am

Saudis threaten to raise oil output as sparring with Iran returns

Old disputes between Saudi Arabia and rival Iran resurfaced at a meeting of Opec experts last week, with Riyadh saying it could raise oil output steeply to bring prices down if Tehran refuses to limit its supply, Opec sources say. Clashes between the two

Published 05 Nov, 2016 12:00am

Saudis threaten to raise oil output as sparring with Iran returns

Old disputes between Saudi Arabia and rival Iran resurfaced at a meeting of Opec experts last week, with Riyadh saying it could raise oil output steeply to bring prices down if Tehran refuses to limit its supply, Opec sources say. Clashes between the two

Published 05 Nov, 2016 12:00am

Cotton

Currency	Rate
USD PKR Interbank Selling / Dec 31	278.65
USD PKR Interbank Buying / Dec 31	278.45
USD to Japanese Yen / Dec 31	156.20
USD to Swiss Franc / Dec 31	0.90
Pound Sterling to USD / Dec 31	1.26
Euro to USD / Dec 31	1.04

Stock	Volume
S&P 500 / Dec 30	5,906.94
Tokyo Nikkei / Dec 30	39,894.54
Nasdaq / Dec 30	19,486.79
Dow Jones / Dec 30	42,573.73
Germany DAX 30 / Dec 30	19,909.14
India Sensex / Dec 31	78,017.14
Hang Seng / Dec 31	20,059.95
FTSE 100 / Dec 31	8,125.32

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 30	17,785
Gold 10 Grams PKR / Dec 30	241,430.80
Petrol/Litre / Dec 31	252.10
Crude Oil USD/Barrel / Dec 31	71.59
Gold Spot USD/Ounce / Dec 31	2,605.88
Diesel/Litre / Dec 31	255.38

Stock	Price
Hira Textile / Dec 31 Hira Textile Mills Limited(HIRAT)	3.75 ▲ 0.45 (13.64%)
Pace (Pak) Ltd. / Dec 31 Pace (Pakistan) Limited(PACE)	8.33 ▲ 1.00 (13.64%)
Tariq Corp.Pref. / Dec 31 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7.88 ▲ 0.88 (12.57%)
Pak Int.Bulk / Dec 31 Pakistan International Bulk Terminal(PIBTL)	9.38 ▲ 1.00 (11.93%)
Gulshan Sp. / Dec 31 Gulshan Spinning Mills Limited(GSPM)	4.47 ▲ 0.47 (11.75%)
Sec. Inv. Bank / Dec 31 Security Investment Bank Limited(SIBL)	9.99 ▲ 1.00 (11.12%)
LSE Financial Serv. / Dec 31 LSE Financial Services Limited(LSEFSL)	15.70 ▲ 1.43 (10.02%)
Sindh Abadgar / Dec 31 Sindh Abadgar's Sugar Mills Limited(SASML)	39.33 ▲ 3.58 (10.01%)
Ali Asghar / Dec 31 Ali Asghar Textile Mills Limited(AATM)	65.45 ▲ 5.95 (10.00%)

Stock	Price
First Capital Equities / Dec 31 First Capital Equities Limited(FCEL)	5.12 ▼ -0.98 (-16.07%)
Pak Agro Pack. (GEM) / Dec 31 Pak Agro Packaging Limited (GEM)(GEMPAPL)	7.60 ▼ -0.90 (-10.59%)
Nimir Resins / Dec 31 Nimir Resins Limited(NRSL)	30.76 ▼ -3.42 (-10.01%)
Frontier Ceram / Dec 31 Frontier Ceramics Limited(FRCL)	42.91 ▼ -4.77 (-10.00%)
Fateh Sports / Dec 31 Fateh Sports Wear Limited(FSWL)	78.50 ▼ -8.72 (-10.00%)
Khairpur Sug. / Dec 31 Khairpur Sugar Mills Limited(KPUS)	203.81 ▼ -22.65 (-10.00%)
Noon Sugar / Dec 31 Noon Sugar Mills Limited(NONS)	81.31 ▼ -9.03 (-10.00%)
Shahmurad Sugar / Dec 31 Shahmurad Sugar Mills Limited(SHSML)	425.82 ▼ -47.31 (-10.00%)
Gammon Pak / Dec 31 Gammon Pakistan Limited(GAMON)	45.59 ▼ -5.06 (-9.99%)

Stock	Volume
Cnergyico PK / Dec 31 Cnergyico PK Limited(CNERGY)	212,308,919 ▲ 0.42
WorldCall Telecom / Dec 31 Worldcall Telecom Limited(WTL)	111,551,930 ▼ -0.05
B.O.Punjab / Dec 31 The Bank of Punjab(BOP)	84,182,656 ▲ 0.28
Pace (Pak) Ltd. / Dec 31 Pace (Pakistan) Limited(PACE)	66,177,767 ▲ 1.00
Fauji Foods Ltd / Dec 31 Fauji Foods Limited(FFL)	55,597,038 ▲ 0.69
Pak Refinery / Dec 31 Pakistan Refinery Limited(PRL)	50,017,805 ▲ 3.54
Silk Bank Ltd / Dec 31 Silkbank Limited(SILK)	48,777,302 ▼ -0.02
K-Electric Ltd. / Dec 31 K-Electric Limited(KEL)	45,320,218 ▲ 0.24
Pak Elektron / Dec 31 Pak Elektron Limited(PAEL)	36,348,761 ▼ -0.91

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