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Print - 2016-11-19
Kaira made PPP central Punjab president

Kaira made PPP central Punjab president

Bilawal Bhutto Zardari, chairman of Pakistan People's Party (PPP) has appointed former information minister, Qamar Zaman Kaira the president of PPP Central Punjab while Nadeem Afzal Chan the General Secretary. The decision was made during a meeting the pr
Published 19 Nov, 2016 12:00am
ECB fears populist backlash after Trump's win

ECB fears populist backlash after Trump's win

European Central Bank officials are growing increasingly worried that Donald Trump's victory in the US presidential race may harm the euro zone by hurting trade with the United States and fuelling populism. Speaking publicly and behind the scenes, ECB off
Published 19 Nov, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (November 18, 2016).

Published 19 Nov, 2016 12:00am
ECB fears populist backlash after Trump''s win

ECB fears populist backlash after Trump''s win

European Central Bank officials are growing increasingly worried that Donald Trump''s victory in the US presidential race may harm the euro zone by hurting trade with the United States and fuelling populism. Speaking publicly and behind the scenes, ECB of
Published 19 Nov, 2016 12:00am
Trump taps hardliners for justice, CIA and national security

Trump taps hardliners for justice, CIA and national security

President-elect Donald Trump Friday tapped arch-conservative Alabama Senator Jeff Sessions to be attorney general and hawkish congressman Mike Pompeo, a strident opponent of the Iran nuclear deal, as his CIA director. The incoming commander in chief also
Published 19 Nov, 2016 12:00am
Trump taps hardliners for justice, CIA and national security

Trump taps hardliners for justice, CIA and national security

President-elect Donald Trump Friday tapped arch-conservative Alabama Senator Jeff Sessions to be attorney general and hawkish congressman Mike Pompeo, a strident opponent of the Iran nuclear deal, as his CIA director. The incoming commander in chief also
Published 19 Nov, 2016 12:00am
Equities mixed
Currency

Equities mixed

Pakistan Stock Exchange (PSX) witnessed a mixed trend on the last trading day Friday. The benchmark KSE-100 index kept moving between 42,506.14 points intra-day high and 42,253.27 points intra-day low levels. The index closed at 42,324.94 points down 86.8
Published 19 Nov, 2016 12:00am
Equities mixed
Currency

Equities mixed

Pakistan Stock Exchange (PSX) witnessed a mixed trend on the last trading day Friday. The benchmark KSE-100 index kept moving between 42,506.14 points intra-day high and 42,253.27 points intra-day low levels. The index closed at 42,324.94 points down 86.8
Published 19 Nov, 2016 12:00am
Equities mixed
Currency

Equities mixed

Pakistan Stock Exchange (PSX) witnessed a mixed trend on the last trading day Friday. The benchmark KSE-100 index kept moving between 42,506.14 points intra-day high and 42,253.27 points intra-day low levels. The index closed at 42,324.94 points down 86.8
Published 19 Nov, 2016 12:00am
BRIndex30 loses 84.27 points

BRIndex30 loses 84.27 points

On Friday, BRIndex30 opened at 24,089.94 points. It touched an intraday high of 24,162.37 points and an intraday low of 23,958.26 points and closed at 24,005.67 points which was -84.27 points or -0.35 percent lower than previous close. Total volume was 21
Published 19 Nov, 2016 12:00am
BRIndex30 loses 84.27 points

BRIndex30 loses 84.27 points

On Friday, BRIndex30 opened at 24,089.94 points. It touched an intraday high of 24,162.37 points and an intraday low of 23,958.26 points and closed at 24,005.67 points which was -84.27 points or -0.35 percent lower than previous close. Total volume was 21
Published 19 Nov, 2016 12:00am
Companies Ordinance, 2016: SECP to get investigatory powers: Dar

Companies Ordinance, 2016: SECP to get investigatory powers: Dar

The Securities and Exchange Commission of Pakistan (SECP) will have powers under "Companies Ordinance 2016" to investigate money laundering, fraud and terror financing as it will help save time for being in line with international practices. Finance Minis
Published 19 Nov, 2016 12:00am
Companies Ordinance, 2016: SECP to get investigatory powers: Dar

Companies Ordinance, 2016: SECP to get investigatory powers: Dar

The Securities and Exchange Commission of Pakistan (SECP) will have powers under "Companies Ordinance 2016" to investigate money laundering, fraud and terror financing as it will help save time for being in line with international practices. Finance Minis
Published 19 Nov, 2016 12:00am
Companies Ordinance, 2016: SECP to get investigatory powers: Dar

Companies Ordinance, 2016: SECP to get investigatory powers: Dar

The Securities and Exchange Commission of Pakistan (SECP) will have powers under "Companies Ordinance 2016" to investigate money laundering, fraud and terror financing as it will help save time for being in line with international practices. Finance Minis
Published 19 Nov, 2016 12:00am
July-October current account deficit up 63 percent YoY

July-October current account deficit up 63 percent YoY

The country's current account deficit increased sharply by 63 percent during the first four months of this fiscal year (FY17) compared to the same period of last fiscal year. The State Bank of Pakistan (SBP) Friday revealed that the country's current bala
Published 19 Nov, 2016 12:00am
July-October current account deficit up 63 percent YoY

July-October current account deficit up 63 percent YoY

The country's current account deficit increased sharply by 63 percent during the first four months of this fiscal year (FY17) compared to the same period of last fiscal year. The State Bank of Pakistan (SBP) Friday revealed that the country's current bala
Published 19 Nov, 2016 12:00am
July-October current account deficit up 63 percent YoY

July-October current account deficit up 63 percent YoY

The country''s current account deficit increased sharply by 63 percent during the first four months of this fiscal year (FY17) compared to the same period of last fiscal year. The State Bank of Pakistan (SBP) Friday revealed that the country''s current ba
Published 19 Nov, 2016 12:00am
July-October current account deficit up 63 percent YoY

July-October current account deficit up 63 percent YoY

The country''''s current account deficit increased sharply by 63 percent during the first four months of this fiscal year (FY17) compared to the same period of last fiscal year. The State Bank of Pakistan (SBP) Friday revealed that the country''''s curren
Published 19 Nov, 2016 12:00am
$24 billion loans taken in three years

$24 billion loans taken in three years

The government has taken $24 billion foreign loans during the last three years - $8.095 billion in 2013-14 followed by $7.921 billion in the subsequent fiscal year and $8.9 billion in the fiscal year of 2015-16. Sources said that these loans were taken fr
Published 19 Nov, 2016 12:00am
$24 billion loans taken in three years

$24 billion loans taken in three years

The government has taken $24 billion foreign loans during the last three years - $8.095 billion in 2013-14 followed by $7.921 billion in the subsequent fiscal year and $8.9 billion in the fiscal year of 2015-16. Sources said that these loans were taken fr
Published 19 Nov, 2016 12:00am
$24 billion loans taken in three years

$24 billion loans taken in three years

The government has taken $24 billion foreign loans during the last three years - $8.095 billion in 2013-14 followed by $7.921 billion in the subsequent fiscal year and $8.9 billion in the fiscal year of 2015-16. Sources said that these loans were taken fr
Published 19 Nov, 2016 12:00am
$24 billion loans taken in three years

$24 billion loans taken in three years

The government has taken $24 billion foreign loans during the last three years - $8.095 billion in 2013-14 followed by $7.921 billion in the subsequent fiscal year and $8.9 billion in the fiscal year of 2015-16. Sources said that these loans were taken fr
Published 19 Nov, 2016 12:00am
Panama Papers case: PTI counsel seeks to recuse himself

Panama Papers case: PTI counsel seeks to recuse himself

Pakistan Tehreek-e-Insaf (PTI) lead counsel in Panama Papers case, Hamid Khan Friday has requested party Chairman Imran Khan to recuse him from pleading the instant case pending before the Supreme Court. Hamid Khan submitted a letter to the Chairman PTI,
Published 19 Nov, 2016 12:00am
Panama Papers case: PTI counsel seeks to recuse himself

Panama Papers case: PTI counsel seeks to recuse himself

Pakistan Tehreek-e-Insaf (PTI) lead counsel in Panama Papers case, Hamid Khan Friday has requested party Chairman Imran Khan to recuse him from pleading the instant case pending before the Supreme Court. Hamid Khan submitted a letter to the Chairman PTI,
Published 19 Nov, 2016 12:00am
Sales tax evasion: DGI&I IR compiles list of around 562 importers

Sales tax evasion: DGI&I IR compiles list of around 562 importers

Directorate General of Intelligence and Investigation (I&I) Inland Revenue (IR) has compiled a list of around 562 commercial importers involved in sales tax evasion and recommended recovery action against the importers to the relevant Regional Tax Office
Published 19 Nov, 2016 12:00am
Sales tax evasion: DGI&I IR compiles list of around 562 importers

Sales tax evasion: DGI&I IR compiles list of around 562 importers

Directorate General of Intelligence and Investigation (I&I) Inland Revenue (IR) has compiled a list of around 562 commercial importers involved in sales tax evasion and recommended recovery action against the importers to the relevant Regional Tax Office
Published 19 Nov, 2016 12:00am
Sales tax evasion: DGI&I IR compiles list of around 562 importers

Sales tax evasion: DGI&I IR compiles list of around 562 importers

Directorate General of Intelligence and Investigation (I&I) Inland Revenue (IR) has compiled a list of around 562 commercial importers involved in sales tax evasion and recommended recovery action against the importers to the relevant Regional Tax Office
Published 19 Nov, 2016 12:00am
Implementation of orders: SC irked by government's complacency

Implementation of orders: SC irked by government's complacency

The Supreme Court Friday asked the executive to fulfil its constitutional duty in order to implement the apex court's directives in true letter and spirit, saying most of the cases in the bench-1 are about delays in implementation of court's verdicts that
Published 19 Nov, 2016 12:00am
Implementation of orders: SC irked by government's complacency

Implementation of orders: SC irked by government's complacency

The Supreme Court Friday asked the executive to fulfil its constitutional duty in order to implement the apex court's directives in true letter and spirit, saying most of the cases in the bench-1 are about delays in implementation of court's verdicts that
Published 19 Nov, 2016 12:00am
Sri Lanka arrests ex-US envoy for graft

Sri Lanka arrests ex-US envoy for graft

Sri Lanka's former ambassador to Washington was arrested on Friday accused of misappropriating more than $350,000, the latest member of strongman ex-president Mahinda Rajapakse's family to be investigated for corruption in office. Jaliya Wickramasuriya, a
Published 19 Nov, 2016 12:00am
South Korea blocks Google export of map data

South Korea blocks Google export of map data

South Korea on Friday rejected Google's request to export government-supplied data for its global mapping service, arguing it would make the country more vulnerable to attack by North Korea. It was the second such rebuff for the US tech giant, which said
Published 19 Nov, 2016 12:00am
Senior ANP leader Haji Adeel passes away

Senior ANP leader Haji Adeel passes away

Former Senator and senior leader of Awami National Party (ANP) Haji Mohammad Adeel passed away on Friday after protected ailment. He was 74. His Nimaz-e-Janaza was offered here at Jinnah Park was attended by Deputy Chairman Senate Maulana Abdul Ghafoor Ha
Published 19 Nov, 2016 12:00am
Senior ANP leader Haji Adeel passes away

Senior ANP leader Haji Adeel passes away

Former Senator and senior leader of Awami National Party (ANP) Haji Mohammad Adeel passed away on Friday after protected ailment. He was 74. His Nimaz-e-Janaza was offered here at Jinnah Park was attended by Deputy Chairman Senate Maulana Abdul Ghafoor Ha
Published 19 Nov, 2016 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 19 Nov, 2016 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 19 Nov, 2016 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 19 Nov, 2016 12:00am
Nearly 8.78 million bales of cotton reach ginneries
Cotton

Nearly 8.78 million bales of cotton reach ginneries

Pakistan Cotton Ginners Association (PCGA) has issued the figures of cotton arrival up to November 15, 2016. Seed cotton (Phutti) equivalent to over 87,80,543 bales of cotton have reached ginneries across Pakistan as on November 15, showing an increase of
Published 19 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 19 Nov, 2016 12:00am
Nearly 8.78 million bales of cotton reach ginneries
Cotton

Nearly 8.78 million bales of cotton reach ginneries

Pakistan Cotton Ginners Association (PCGA) has issued the figures of cotton arrival up to November 15, 2016. Seed cotton (Phutti) equivalent to over 87,80,543 bales of cotton have reached ginneries across Pakistan as on November 15, showing an increase of
Published 19 Nov, 2016 12:00am
Nearly 8.78 million bales of cotton reach ginneries
Cotton

Nearly 8.78 million bales of cotton reach ginneries

Pakistan Cotton Ginners Association (PCGA) has issued the figures of cotton arrival up to November 15, 2016. Seed cotton (Phutti) equivalent to over 87,80,543 bales of cotton have reached ginneries across Pakistan as on November 15, showing an increase of
Published 19 Nov, 2016 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 19 Nov, 2016 12:00am
Volkswagen to cut 30,000 jobs in huge post-dieselgate revamp

Volkswagen to cut 30,000 jobs in huge post-dieselgate revamp

Volkswagen on Friday announced the biggest revamp in its history, cutting 30,000 jobs in a huge savings plan to help the German auto giant recover from the dieselgate emissions cheating scandal. The deal, agreed with workers' representatives after months
Published 19 Nov, 2016 12:00am
Volkswagen to cut 30,000 jobs in huge post-dieselgate revamp

Volkswagen to cut 30,000 jobs in huge post-dieselgate revamp

Volkswagen on Friday announced the biggest revamp in its history, cutting 30,000 jobs in a huge savings plan to help the German auto giant recover from the dieselgate emissions cheating scandal. The deal, agreed with workers' representatives after months
Published 19 Nov, 2016 12:00am
Volkswagen to cut 30,000 jobs in huge post-dieselgate revamp

Volkswagen to cut 30,000 jobs in huge post-dieselgate revamp

Volkswagen on Friday announced the biggest revamp in its history, cutting 30,000 jobs in a huge savings plan to help the German auto giant recover from the dieselgate emissions cheating scandal. The deal, agreed with workers'' representatives after months
Published 19 Nov, 2016 12:00am
Kaira made PPP central Punjab president

Kaira made PPP central Punjab president

Bilawal Bhutto Zardari, chairman of Pakistan People's Party (PPP) has appointed former information minister, Qamar Zaman Kaira the president of PPP Central Punjab while Nadeem Afzal Chan the General Secretary. The decision was made during a meeting the pr
Published 19 Nov, 2016 12:00am
KATI willing to take active part in CPEC as partner

KATI willing to take active part in CPEC as partner

President of Korangi Association of Trade & Industry (KATI) Masood Naqi has said that country's private industry is willing to play its active role in China-Pakistan Economic Corridor (CPEC) as a partner. "The CPEC is a game changer for the region. Now, i
Published 19 Nov, 2016 12:00am
Two terrorists of BRA killed in Dera Bugti

Two terrorists of BRA killed in Dera Bugti

Two terrorists of banned Baloch Republican Army (BRA) were killed and weapons recovered during operation of Frontier Corps (FC) here on Friday. Spokesman of FC said that the paramilitary troops conducted operation against the extremists in Dera Bugti.
Published 19 Nov, 2016 12:00am
Imran departs for London

Imran departs for London

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan, accompanied by Awami Muslim League chairman, Sheikh Rashid Ahmad Friday departed for London, reiterating that the rulers would 'meet their fate' through the Supreme Court of Pakistan. "The evidences and
Published 19 Nov, 2016 12:00am
DPS holds event for children

DPS holds event for children

Dawood Public School (DPS) organised a colourful programme for children aimed at to bring children from all backgrounds to work together to create a sense of equality and harmony amongst them. The event featured around 3,000 students from different school
Published 19 Nov, 2016 12:00am
Rare leatherback turtle found dead in Sonmiani

Rare leatherback turtle found dead in Sonmiani

A rare species of marine leatherback turtle was found floating dead on Balochistan sea, which the WWF-Pakistan feared to have been killed by a boat. Muhammad Ilyas, who is a fisherman besides member of the Coastal Association for Research and Development-
Published 19 Nov, 2016 12:00am
NAB so far recovered Rs 278 billion 'looted public money'

NAB so far recovered Rs 278 billion 'looted public money'

The National Accountability Bureau (NAB) has so far recovered looted public money worth Rs 278 billion. This was stated by Zafar Iqbal Khan, Director Investigation, Financial Crime, NAB. He was speaking at a seminar organised at the University of Karachi,
Published 19 Nov, 2016 12:00am
Pakistan needs to become a knowledge-based society: Pirzada Qasim

Pakistan needs to become a knowledge-based society: Pirzada Qasim

"Sustainability is achieved through a society which acquires its standard by being a knowledge-based society. It is vital that you not only become a good professional but a good human being also," said Professor Dr Pirzada Qasim, Vice Chancellor, Ziauddin
Published 19 Nov, 2016 12:00am
PIA offers discount

PIA offers discount

Pakistan International Airlines (PIA) has started giving discount offer on business class tickets for passengers travelling from Gulf and UAE. According to details, PIA has started giving discount offer on business class tickets for passengers travelling
Published 19 Nov, 2016 12:00am
Local government: Waseem urges Bilawal to grant Bhutto's tenure power

Local government: Waseem urges Bilawal to grant Bhutto's tenure power

Mayor of Karachi Waseem Akhtar has urged Bilawal Bhutto Zardari, Chairman of PPP to grant local representatives the powers that his grandfather, late Zulfikar Ali Bhutto had reserved pertaining to local bodies. While talking to the media outside Sindh Ass
Published 19 Nov, 2016 12:00am
Turkey and the EU: The end of the road?

Turkey and the EU: The end of the road?

President Recep Tayyip Erdogan has threatened to call a referendum on the future of Turkey's EU membership bid, while Brussels accuses Ankara of "backsliding" on key commitments. After an already exhausting process of over half a century, could this final
Published 19 Nov, 2016 12:00am
Cotton touches over three-month high on short-covering
Cotton

Cotton touches over three-month high on short-covering

Cotton futures rose one percent on Thursday, marking an over three-month high, supported by short-covering ahead of the first notice day of the December contract next week. The March cotton contract on ICE Futures US rose for the fourth straight session,
Published 19 Nov, 2016 12:00am
SBP little away from the bang for the buck

SBP little away from the bang for the buck

The State Bank has maintained its tradition to give a generally balanced view of the economy. In its annual report for FY16 released on 17th November, SBP has highlighted both the gains and challenges to the economy along with prospects for 2016-17. Accor
Published 19 Nov, 2016 12:00am
Brexit of America

Brexit of America

The British referendum on leaving European Union and the American Presidential elections resulting in the stunning victory of Donald Trump bear many striking similarities. In both cases, the exit polls went wrong and election were won with a part of elect
Published 19 Nov, 2016 12:00am
Customs Act, 1969: Exercise of revisional jurisdiction

Customs Act, 1969: Exercise of revisional jurisdiction

Section 25D of the Customs Act, 1969 provides for a revisional forum particularly where a customs value determined under section 25A of the Custom Act is challenged. The enactment in this regard has conferred revisional powers, and the revisional authorit
Published 19 Nov, 2016 12:00am
Murad lauds role of Rangers in making Karachi peaceful

Murad lauds role of Rangers in making Karachi peaceful

Sindh Chief Minister Syed Murad Ali Shah has said that the law enforcement agencies (LEA), particularly Pakistan Rangers (Sindh) have played an effective role in restoration of peace in the Karachi. He expressed these views while talking to the Director G
Published 19 Nov, 2016 12:00am
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