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Print - 2016-11-17
Nisar, Cameron exchange views on bilateral ties

Nisar, Cameron exchange views on bilateral ties

Interior Minister, Chaudhry Nisar Ali Khan and former Prime Minister of the United Kingdom, David Cameron held a meeting in London and exchanged views on Pak-UK bilateral relations. The regional situation and other issues of mutual interest also came unde
Published 17 Nov, 2016 12:00am
New capacities to be added to NTDC system before summer: MD

New capacities to be added to NTDC system before summer: MD

Managing Director of National Transmission and Dispatch Company (NTDC) Dr Fiaz Ahmed Chaudhry said that about 1800 MVA of 500/220 kV and 3000 MVA capacities of 220/132 kV are being added in the NTDC system before summer 2017. "In summer 2016, system const
Published 17 Nov, 2016 12:00am
Hascol's first ship carrying 92 RON berthed

Hascol's first ship carrying 92 RON berthed

As per the new specifications for the import of motor gasoline from 87 to 92 RON, Hascol's first ship carrying 25000 MT of 92 RON berthed at the Karachi Port on the 15th of November, 2016 and will be marketed under the brand name of 'Super Tiger XT'.
Published 17 Nov, 2016 12:00am
Sheesha smoking in Capital: Senate body rejects bill seeking prohibition

Sheesha smoking in Capital: Senate body rejects bill seeking prohibition

The Senate Standing Committee on National Health Services, Regulations and Co-ordination Wednesday rejected a bill seeking prohibition of Sheesha smoking in the federal capital. The committee met in the chair of Senator Sajjad Hussain Turi in the Parliame
Published 17 Nov, 2016 12:00am
Petitions against Imran, Tareen: hearing adjourned till November 22

Petitions against Imran, Tareen: hearing adjourned till November 22

The Election Commission of Pakistan (ECP) on Wednesday adjourned the hearing of disqualification petitions filed against Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan, PTI Secretary General Jahangir Tareen and PML-N MNA Captain Safdar (Retd) till Nov
Published 17 Nov, 2016 12:00am
Musharraf's properties: police submits report to court

Musharraf's properties: police submits report to court

The police submitted a report on Wednesday to District and Sessions Judge (East), Islamabad, about the attachment of former President and army chief Pervez Musharraf's properties. The report was submitted to the Sessions Judge (East) Islamabad in complian
Published 17 Nov, 2016 12:00am
DG Hajj informs Senate body of missing pilgrims

DG Hajj informs Senate body of missing pilgrims

As many as 10 Pakistani pilgrims who had gone to Saudi Arabia for pilgrimage this year are still missing, another three are in jail in a theft case, while three others involved in a money laundering case have been released. This was informed to the Senate
Published 17 Nov, 2016 12:00am
Panama Papers: contents inadmissible, PM tells LHC

Panama Papers: contents inadmissible, PM tells LHC

Prime Minister Nawaz Sharif has told the Lahore High Court (LHC) that the contents of the Panama Papers have no credibility in the eyes of law and are inadmissible as evidence before a court and added that the reality of allegations levelled against him a
Published 17 Nov, 2016 12:00am
Izhar dispels rumours over change of leadership

Izhar dispels rumours over change of leadership

Muttahida Qaumi Movement-Pakistan (MQM-P) leader Khawaja Izhar ul Hassan dispelled rumours that General Pervez Musharraf (Retd) was going to head the party. "These are all rumours that there will be a change in leadership in the party," Khawaja Izhar said
Published 17 Nov, 2016 12:00am
Auction for PIBs: government rejects all bids

Auction for PIBs: government rejects all bids

The federal government Wednesday rejected all the bids for long-term investment bonds as banks were seeking higher interest rate, analysts said. They said that most of the bids for the Pakistan Investment Bonds (PIBs) were submitted with higher margin com
Published 17 Nov, 2016 12:00am
Auction for PIBs: government rejects all bids

Auction for PIBs: government rejects all bids

The federal government Wednesday rejected all the bids for long-term investment bonds as banks were seeking higher interest rate, analysts said. They said that most of the bids for the Pakistan Investment Bonds (PIBs) were submitted with higher margin com
Published 17 Nov, 2016 12:00am
Black money
Currency

Black money

The BJP government in India has imposed an 'economic emergency' is a fact that has found its best expression in Nepal prime minister's frantic telephone conversation with prime minister Narendra Modi. According to media reports, Nepal's prime minister Pus
Published 17 Nov, 2016 12:00am
Welcome - President Erdogan

Welcome - President Erdogan

Turkish President Recep Tayyip Erdogan arrived in Islamabad yesterday on a two-day official visit along with a high profile delegation which also includes cabinet members and the country's leading industrialists and businessmen. During his visit, the Turk
Published 17 Nov, 2016 12:00am
Crossing of the LoC

Crossing of the LoC

During the last couple of months, the Modi government has intensified shelling across the Line of Control and the Working Boundary causing the loss of many lives. In the bloodiest one-day incident on Monday, seven Pakistani soldiers were martyred at the L
Published 17 Nov, 2016 12:00am
Open up clogged investment arteries!

Open up clogged investment arteries!

In an earlier article "The real corridors of prosperity" carried by Business Recorder on October 20, 2016 I had dilated on the potential pathways for attaining prosperity for the people of Pakistan. Among the many ingredients for success the financ
Published 17 Nov, 2016 12:00am
Shrines' security

Shrines' security

The suicide bombing at the Shah Noorani shrine in Balochistan has once again focused attention on what is an obvious target. Obvious because Islamic State (IS) and other terrorist groups of its ilk hate the syncretic tradition of the Sufi culture that is
Published 17 Nov, 2016 12:00am
An irrational decision

An irrational decision

For any leader it is a great honour to be invited to address the parliament of another country. Such a friendly gesture tends to suggest if he is popular at home, his style of governance is no less admired by the world at large - something the government
Published 17 Nov, 2016 12:00am
Trade deficit widens

Trade deficit widens

According to recently released data, Pakistan's trade deficit widened to 9.3 billion dollars in the first four months of 2016-17 (July-October); this should be a source of serious concern to the government. Reports carried by Business Recorder less
Published 17 Nov, 2016 12:00am
Oxford dictionaries name 'post-truth' word of the year

Oxford dictionaries name 'post-truth' word of the year

The Oxford Dictionaries chose "post-truth" as their word of the year on Wednesday, saying its use had spiked because of the Brexit vote in Britain and the rise of Donald Trump in the United States. "Post-truth has gone from being a peripheral term to bein
Published 17 Nov, 2016 12:00am
Oxford dictionaries name 'post-truth' word of the year

Oxford dictionaries name 'post-truth' word of the year

The Oxford Dictionaries chose "post-truth" as their word of the year on Wednesday, saying its use had spiked because of the Brexit vote in Britain and the rise of Donald Trump in the United States. "Post-truth has gone from being a peripheral term to bein
Published 17 Nov, 2016 12:00am
Awaran/Lasbela Lot: USF BoD approves award under BSD project

Awaran/Lasbela Lot: USF BoD approves award under BSD project

The Board of Directors of Universal Service Fund (USF) on Wednesday approved the award of Awaran/Lasbela Lot, worth Rs 2.3 billion, under the Broadband for Sustainable Development (BSD) project. An un-served population of about 196,177, covering 269 un-se
Published 17 Nov, 2016 12:00am
Awaran/Lasbela Lot: USF BoD approves award under BSD project

Awaran/Lasbela Lot: USF BoD approves award under BSD project

The Board of Directors of Universal Service Fund (USF) on Wednesday approved the award of Awaran/Lasbela Lot, worth Rs 2.3 billion, under the Broadband for Sustainable Development (BSD) project. An un-served population of about 196,177, covering 269 un-se
Published 17 Nov, 2016 12:00am
Awaran/Lasbela Lot: USF BoD approves award under BSD project

Awaran/Lasbela Lot: USF BoD approves award under BSD project

The Board of Directors of Universal Service Fund (USF) on Wednesday approved the award of Awaran/Lasbela Lot, worth Rs 2.3 billion, under the Broadband for Sustainable Development (BSD) project. An un-served population of about 196,177, covering 269 un-se
Published 17 Nov, 2016 12:00am
New York mayor tells Trump will 'protect' immigrants

New York mayor tells Trump will 'protect' immigrants

The Democratic mayor of New York, Bill de Blasio, said he met Wednesday with President-elect Donald Trump and warned him that he would work to protect undocumented immigrants from deportation. "I reiterated to him that this city and so many cities around
Published 17 Nov, 2016 12:00am
New York mayor tells Trump will 'protect' immigrants

New York mayor tells Trump will 'protect' immigrants

The Democratic mayor of New York, Bill de Blasio, said he met Wednesday with President-elect Donald Trump and warned him that he would work to protect undocumented immigrants from deportation. "I reiterated to him that this city and so many cities around
Published 17 Nov, 2016 12:00am
The Weather

The Weather

The weather report on Wednesday (November 16, 2016) and the forecast for Thursday (November 17, 2016).

Published 17 Nov, 2016 12:00am
PM's accountability: petitioner urges SC to accord priority to case

PM's accountability: petitioner urges SC to accord priority to case

One of the petitioners in the Panama Leaks case urged the Supreme Court on Wednesday to hold Prime Minister Mian Nawaz Sharif's accountability in the case on a priority basis, saying the probe against others involved in the matter may be carried out later
Published 17 Nov, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (November 16, 2016).

Published 17 Nov, 2016 12:00am
PM's accountability: petitioner urges SC to accord priority to case

PM's accountability: petitioner urges SC to accord priority to case

One of the petitioners in the Panama Leaks case urged the Supreme Court on Wednesday to hold Prime Minister Mian Nawaz Sharif's accountability in the case on a priority basis, saying the probe against others involved in the matter may be carried out later
Published 17 Nov, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (November 16, 2016).

Published 17 Nov, 2016 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 17 Nov, 2016 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 17 Nov, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (November 16, 2016).

Published 17 Nov, 2016 12:00am
Taxpayers: parametric audit selection to be done under new policy

Taxpayers: parametric audit selection to be done under new policy

The Federal Board of Revenue (FBR) has decided that the parametric audit selection of taxpayers would be done under new Audit Policy 2016 for picking cases for audit with ample legal backing to avoid litigation in courts. Sources told Business Recorder
Published 17 Nov, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (November 16, 2016)

Published 17 Nov, 2016 12:00am
Taxpayers: parametric audit selection to be done under new policy

Taxpayers: parametric audit selection to be done under new policy

The Federal Board of Revenue (FBR) has decided that the parametric audit selection of taxpayers would be done under new Audit Policy 2016 for picking cases for audit with ample legal backing to avoid litigation in courts. Sources told Business Recorder
Published 17 Nov, 2016 12:00am
Taxpayers: parametric audit selection to be done under new policy

Taxpayers: parametric audit selection to be done under new policy

The Federal Board of Revenue (FBR) has decided that the parametric audit selection of taxpayers would be done under new Audit Policy 2016 for picking cases for audit with ample legal backing to avoid litigation in courts. Sources told Business Recorder
Published 17 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 Wednesday (November 16, 2016).

Published 17 Nov, 2016 12:00am
Karachi mayor released

Karachi mayor released

Jailed Mayor of Karachi - Waseem Akhtar was released on Wednesday from the central prison after the Anti Terrorism Court (ATC) granted him a bail, in a case pertaining to providing terrorists with a medical help, against a surety bond of Rs 500,000.
Published 17 Nov, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (November 16, 2016).

Published 17 Nov, 2016 12:00am
Karachi mayor released

Karachi mayor released

Jailed Mayor of Karachi - Waseem Akhtar was released on Wednesday from the central prison after the Anti Terrorism Court (ATC) granted him a bail, in a case pertaining to providing terrorists with a medical help, against a surety bond of Rs 500,000.
Published 17 Nov, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (November 16, 2016).

Published 17 Nov, 2016 12:00am
Two French tourists die at Great Barrier Reef

Two French tourists die at Great Barrier Reef

Two elderly French tourists died Wednesday while snorkelling at a popular tourist spot on the Great Barrier Reef in Australia, authorities said. The man and woman aged in their 70s were spotted floating in the water at Michaelmas Cay, a reef-ringed sand i
Published 17 Nov, 2016 12:00am
More than 50 dead in heavy Yemen fighting

More than 50 dead in heavy Yemen fighting

Heavy fighting between government forces and rebels in north and west Yemen has left 51 dead, as a new peace efforts appeared to stumble, military officials said Wednesday. They said forces loyal to President Abedrabbo Mansour Hadi have clashed since Tues
Published 17 Nov, 2016 12:00am
Tycoon hosts big, fat Indian wedding amid cash crunch

Tycoon hosts big, fat Indian wedding amid cash crunch

A controversial Indian mining tycoon has taken over a royal palace and flown in Brazilian dancers at a reported cost of $75 million to celebrate his daughter's wedding on Wednesday, as the country reels from a cash crisis. Up to 50,000 people are expected
Published 17 Nov, 2016 12:00am
THE RUPEE: mixed patterns
Currency

THE RUPEE: mixed patterns

The rupee moved both ways against the dollar on Wednesday in the process of trading, dealers said, adding it gave up weakness versus the dollar due to slight improvement in the supply of dollar. The rupee shed one paisa against the dollar for buying and s
Published 17 Nov, 2016 12:00am
THE RUPEE: mixed patterns
Currency

THE RUPEE: mixed patterns

The rupee moved both ways against the dollar on Wednesday in the process of trading, dealers said, adding it gave up weakness versus the dollar due to slight improvement in the supply of dollar. The rupee shed one paisa against the dollar for buying and s
Published 17 Nov, 2016 12:00am
HSBC exits Lebanon with sale of unit

HSBC exits Lebanon with sale of unit

HSBC bank on Wednesday said it had agreed to sell its business in Lebanon to Lebanese peer Blom for an undisclosed amount, ending a 70-year presence in the country. London-headquartered HSBC is shedding tens of thousands of jobs from its global workforce
Published 17 Nov, 2016 12:00am
HSBC exits Lebanon with sale of unit

HSBC exits Lebanon with sale of unit

HSBC bank on Wednesday said it had agreed to sell its business in Lebanon to Lebanese peer Blom for an undisclosed amount, ending a 70-year presence in the country. London-headquartered HSBC is shedding tens of thousands of jobs from its global workforce
Published 17 Nov, 2016 12:00am
HSBC exits Lebanon with sale of unit

HSBC exits Lebanon with sale of unit

HSBC bank on Wednesday said it had agreed to sell its business in Lebanon to Lebanese peer Blom for an undisclosed amount, ending a 70-year presence in the country. London-headquartered HSBC is shedding tens of thousands of jobs from its global workforce
Published 17 Nov, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (November 16, 2016).

Published 17 Nov, 2016 12:00am
BRIndex30 up 39.16 points

BRIndex30 up 39.16 points

On Wednesday, BRIndex30 opened at 24,050.27 points. It touched an intraday high of 24,227.65 points and an intraday low of 23,993.01 points and closed at 24,089.43 points which was 39.16 points or 0.16 percent higher than previous close. Total volume was
Published 17 Nov, 2016 12:00am
BRIndex30 up 39.16 points

BRIndex30 up 39.16 points

On Wednesday, BRIndex30 opened at 24,050.27 points. It touched an intraday high of 24,227.65 points and an intraday low of 23,993.01 points and closed at 24,089.43 points which was 39.16 points or 0.16 percent higher than previous close. Total volume was
Published 17 Nov, 2016 12:00am
Stocks snap losing streak

Stocks snap losing streak

The benchmark KSE-100 index Wednesday recovered 111.80 points and closed at 42,404.47 on the back of fresh buying in select scrips at the fag end. Pakistan Stock Exchange (PSX) witnessed a mixed trend as the index traded between intra-day high of 42,479.5
Published 17 Nov, 2016 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 17 Nov, 2016 12:00am
Stocks snap losing streak

Stocks snap losing streak

The benchmark KSE-100 index Wednesday recovered 111.80 points and closed at 42,404.47 on the back of fresh buying in select scrips at the fag end. Pakistan Stock Exchange (PSX) witnessed a mixed trend as the index traded between intra-day high of 42,479.5
Published 17 Nov, 2016 12:00am
Stocks snap losing streak

Stocks snap losing streak

The benchmark KSE-100 index Wednesday recovered 111.80 points and closed at 42,404.47 on the back of fresh buying in select scrips at the fag end. Pakistan Stock Exchange (PSX) witnessed a mixed trend as the index traded between intra-day high of 42,479.5
Published 17 Nov, 2016 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 17 Nov, 2016 12:00am
PM's children's counsel seeks to file replies, raise objections

PM's children's counsel seeks to file replies, raise objections

The counsel for Prime Minister Mian Nawaz Sharif's children in Panama Leaks case, Akram Sheikh, Wednesday filed an application before the Supreme Court with a plea to bring his stance on record for filing replies and raising appropriate objections during
Published 17 Nov, 2016 12:00am
PM's children's counsel seeks to file replies, raise objections

PM's children's counsel seeks to file replies, raise objections

The counsel for Prime Minister Mian Nawaz Sharif's children in Panama Leaks case, Akram Sheikh, Wednesday filed an application before the Supreme Court with a plea to bring his stance on record for filing replies and raising appropriate objections during
Published 17 Nov, 2016 12:00am
Fed chair Yellen to face critics in Congress today

Fed chair Yellen to face critics in Congress today

For the first time since the election of Donald Trump, who has harshly criticised the Federal Reserve, Fed Chair Janet Yellen appears before Congress Thursday, when she may signal a December rate hike. Yellen will testify before the Joint Economic Committ
Published 17 Nov, 2016 12:00am
Fed chair Yellen to face critics in Congress today

Fed chair Yellen to face critics in Congress today

For the first time since the election of Donald Trump, who has harshly criticised the Federal Reserve, Fed Chair Janet Yellen appears before Congress Thursday, when she may signal a December rate hike. Yellen will testify before the Joint Economic Committ
Published 17 Nov, 2016 12:00am
Fed chair Yellen to face critics in Congress today

Fed chair Yellen to face critics in Congress today

For the first time since the election of Donald Trump, who has harshly criticised the Federal Reserve, Fed Chair Janet Yellen appears before Congress Thursday, when she may signal a December rate hike. Yellen will testify before the Joint Economic Committ
Published 17 Nov, 2016 12:00am
Pak-Thai FTA: fifth round of talks begin

Pak-Thai FTA: fifth round of talks begin

Pakistan and Thailand have entered into fifth round of negotiations on Free Trade Agreement (FTA) which, according to the private sector, would be disastrous for a couple of domestic industries, especially the auto sector. An inter-ministerial delegation
Published 17 Nov, 2016 12:00am
Pak-Thai FTA: fifth round of talks begin

Pak-Thai FTA: fifth round of talks begin

Pakistan and Thailand have entered into fifth round of negotiations on Free Trade Agreement (FTA) which, according to the private sector, would be disastrous for a couple of domestic industries, especially the auto sector. An inter-ministerial delegation
Published 17 Nov, 2016 12:00am
Pak-Thai FTA: fifth round of talks begin

Pak-Thai FTA: fifth round of talks begin

Pakistan and Thailand have entered into fifth round of negotiations on Free Trade Agreement (FTA) which, according to the private sector, would be disastrous for a couple of domestic industries, especially the auto sector. An inter-ministerial delegation
Published 17 Nov, 2016 12:00am
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