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Print - 2016-12-31
Zardari will play vital role in parliament: Chandio

Zardari will play vital role in parliament: Chandio

The Advisor to Chief Minister Sindh on Information, Moula Bux Chandio while talking to media persons at Bilawal House said that the opponents are in tension since Asif Ali Zardari announced to join parliament after by-election. After the statement of co-c
Published 31 Dec, 2016 12:00am
Oil down, but ends year with biggest gain since 2009

Oil down, but ends year with biggest gain since 2009

Oil prices settled slightly lower on Friday, the year's last trading day, but attained their biggest annual gain since 2009, after Opec and partners agreed to cut output to reduce a supply overhang that has depressed prices for two years. A two-rig rise i
Published 31 Dec, 2016 12:00am
Wheat and corn prices sag

Wheat and corn prices sag

US wheat futures firmed on Friday on better-than-expected export data and short-covering at year's end, analysts said, but the market was poised for an annual decline of about 13 percent. Corn was set to finish the year down about 2 percent after the bigg
Published 31 Dec, 2016 12:00am
US MIDDAY: gold rises eight percent in 2016

US MIDDAY: gold rises eight percent in 2016

Gold prices eased on Friday as gains from a weak dollar was offset by profit-taking at the end of a year in which bullion gained about more than 8 percent, snapping three years of declines. In the first half of 2016, investors increased gold exposure as t
Published 31 Dec, 2016 12:00am
SAPT operations

SAPT operations

This is apropos a news item, "Ill-planned SAPT operations led to container pileup: KCAA" carried by Business Recorder on December 28. The news item features a misplaced claim by the Karachi Customs Agents Association (KCAA) that operations at South
Published 31 Dec, 2016 12:00am
Britain gets creative in fighting rampant food waste

Britain gets creative in fighting rampant food waste

One of Europe's worst offenders on food waste, Britain is beginning to get its act together thanks to a surge in volunteer initiatives that help the poor as well as creating a bit of seasonal cheer. "That's what I come out for, to have a little chat... It
Published 31 Dec, 2016 12:00am
Silicon Valley's obscure unicorns could boost 2017 IPO market

Silicon Valley's obscure unicorns could boost 2017 IPO market

Social media firm Snap Inc may be the highest profile tech IPO planned for 2017, with the potential to raise billions. But more than a dozen expected stock offerings of relatively obscure software firms targeting business customers - little-known names su
Published 31 Dec, 2016 12:00am
Investments in KP

Investments in KP

The PTI-led Khyber Pakhtunkhwa (KP) government has been making efforts towards bringing around a change in the economic, social, cultural and political affairs of this volatile province of Pakistan. It strives for good governance in managing the state of
Published 31 Dec, 2016 12:00am
Belated atonement

Belated atonement

No doubt, the world is not the same as it was in the 1940s. Those very battlefields of the World War II are now venues of joint military exercises of the erstwhile rivals, who have joined hands as strategic partners against a set of new enemies. But 75 ye
Published 31 Dec, 2016 12:00am
Tax amnesty for all requested by Senate

Tax amnesty for all requested by Senate

Senate Standing Committee on Finance chaired by Saleem Mandviwalla has proposed that the Federal Board of Revenue (FBR) prepare a general amnesty scheme as opposed to sector-specific amnesty schemes. The rationale was flawless: if the FBR can extend an am
Published 31 Dec, 2016 12:00am
Guterres takes reins at UN tomorrow

Guterres takes reins at UN tomorrow

Antonio Guterres assumes the reins of the United Nations on Sunday hoping to breathe new life into the world body, in the wake of its impotence over Syria's humanitarian catastrophe. The Portuguese former prime minister, 67, will become the first onetime
Published 31 Dec, 2016 12:00am
Guterres takes reins at UN tomorrow

Guterres takes reins at UN tomorrow

Antonio Guterres assumes the reins of the United Nations on Sunday hoping to breathe new life into the world body, in the wake of its impotence over Syria's humanitarian catastrophe. The Portuguese former prime minister, 67, will become the first onetime
Published 31 Dec, 2016 12:00am
Nisar vows to continue probes 'whether anyone likes it or not'

Nisar vows to continue probes 'whether anyone likes it or not'

Interior Minister Chaudhry Nisar Ali Khan came down hard on Pakistan People's Party (PPP) on Friday, saying that relevant departments will continue investigating all corruption cases "whether anyone likes it or not". Talking to media persons at the Nation
Published 31 Dec, 2016 12:00am
Nisar vows to continue probes 'whether anyone likes it or not'

Nisar vows to continue probes 'whether anyone likes it or not'

Interior Minister Chaudhry Nisar Ali Khan came down hard on Pakistan People's Party (PPP) on Friday, saying that relevant departments will continue investigating all corruption cases "whether anyone likes it or not". Talking to media persons at the Nation
Published 31 Dec, 2016 12:00am
10 dead, scores missing after India mine collapse

10 dead, scores missing after India mine collapse

Rescuers pulled out two more bodies Friday from the rubble of a collapsed coal mine in eastern India, taking the death toll to 10, police said, as many were still feared trapped. A massive mound of earth caved in late Thursday at the Lalmatia open cast mi
Published 31 Dec, 2016 12:00am
10 dead, scores missing after India mine collapse

10 dead, scores missing after India mine collapse

Rescuers pulled out two more bodies Friday from the rubble of a collapsed coal mine in eastern India, taking the death toll to 10, police said, as many were still feared trapped. A massive mound of earth caved in late Thursday at the Lalmatia open cast mi
Published 31 Dec, 2016 12:00am
Putin refuses to expel US diplomats, looks to Trump

Putin refuses to expel US diplomats, looks to Trump

President Vladimir Putin on Friday ruled out any tit-for-tat expulsion of Americans after Washington turfed out dozens of Russian diplomats over alleged interference in the US presidential election. The Kremlin strongman's surprise decision came after the
Published 31 Dec, 2016 12:00am
Putin refuses to expel US diplomats, looks to Trump

Putin refuses to expel US diplomats, looks to Trump

President Vladimir Putin on Friday ruled out any tit-for-tat expulsion of Americans after Washington turfed out dozens of Russian diplomats over alleged interference in the US presidential election. The Kremlin strongman's surprise decision came after the
Published 31 Dec, 2016 12:00am
India resorts to unprovoked shelling on LoC

India resorts to unprovoked shelling on LoC

Indian troops on Friday resorted to unprovoked mortar shelling on Line of Control (LoC) in Chirikot Sector. According to Director General of Inter Services Public Relations (ISPR) Major General Asif Ghafoor, the aggression constantly continued from 4:40 p
Published 31 Dec, 2016 12:00am
India resorts to unprovoked shelling on LoC

India resorts to unprovoked shelling on LoC

Indian troops on Friday resorted to unprovoked mortar shelling on Line of Control (LoC) in Chirikot Sector. According to Director General of Inter Services Public Relations (ISPR) Major General Asif Ghafoor, the aggression constantly continued from 4:40 p
Published 31 Dec, 2016 12:00am
China blocks India's request to UN for Masood Azhar

China blocks India's request to UN for Masood Azhar

China has blocked India's request to add the head of the Jaish-e-Mohammad to a UN Security Council blacklist of groups linked to al Qaeda, India said on Friday. India has accused Jaish-e-Mohammad and its top leader, Maulana Masood Azhar, of mastermind
Published 31 Dec, 2016 12:00am
China blocks India's request to UN for Masood Azhar

China blocks India's request to UN for Masood Azhar

China has blocked India's request to add the head of the Jaish-e-Mohammad to a UN Security Council blacklist of groups linked to al Qaeda, India said on Friday. India has accused Jaish-e-Mohammad and its top leader, Maulana Masood Azhar, of mastermind
Published 31 Dec, 2016 12:00am
Brazil's president to pursue tax reform in 2017

Brazil's president to pursue tax reform in 2017

Brazil will seek to simplify its tax code in 2017, President Michel Temer said on Thursday, aiming to broaden his business-friendly reform agenda following proposals to modify the pension system and labour laws. A government source familiar with the matte
Published 31 Dec, 2016 12:00am
Singapore's GIC buys stake in British mall

Singapore's GIC buys stake in British mall

Singapore sovereign wealth fund GIC will pay close to $60 million for a 50 percent stake in a leisure and dining development in Britain, a joint statement said on Friday. GIC, one of the world's top 10 state investment funds, will pay British property fir
Published 31 Dec, 2016 12:00am
Dubai giant ups stake for majority share in Korean port

Dubai giant ups stake for majority share in Korean port

Dubai-based port operator DP World said Thursday it has acquired an additional 23.94 percent stake in South Korea's Pusan NewPort Company, giving it a majority shareholding. The purchase from Samsung Corporation brings to 66.03 percent DP World's stake in
Published 31 Dec, 2016 12:00am
New Argentina economic team aims to cut deficit, eyes debt sale

New Argentina economic team aims to cut deficit, eyes debt sale

Incoming Treasury Minister Nicolas Dujovne said on Friday he would aim to cut Argentina's expected budget deficit for 2017, currently seen at 4.2 percent of GDP, with revenue from a tax amnesty program and an eye toward lower spending. In his first public
Published 31 Dec, 2016 12:00am
Inflation expected to remain within target

Inflation expected to remain within target

Despite some surge during the first quarter, the CPI inflation is expected to remain within the target of 6 percent for the year 2016-17 (FY17). The State Bank of Pakistan (SBP) in its first quarterly report "The State of Pakistan''s Economy" said that th
Published 31 Dec, 2016 12:00am
Inflation expected to remain within target

Inflation expected to remain within target

Despite some surge during the first quarter, the CPI inflation is expected to remain within the target of 6 percent for the year 2016-17 (FY17). The State Bank of Pakistan (SBP) in its first quarterly report "The State of Pakistan's Economy" said that the
Published 31 Dec, 2016 12:00am
Inflation expected to remain within target

Inflation expected to remain within target

Despite some surge during the first quarter, the CPI inflation is expected to remain within the target of 6 percent for the year 2016-17 (FY17). The State Bank of Pakistan (SBP) in its first quarterly report "The State of Pakistan's Economy" said that the
Published 31 Dec, 2016 12:00am
Achieving fiscal deficit target to be challenging

Achieving fiscal deficit target to be challenging

The State Bank of Pakistan (SBP) Friday said achieving annual fiscal deficit target may be difficult due to revenue shortfall. According to SBP''s first quarterly report, given the revenue shortfall during Q1FY17, achieving the annual fiscal deficit targe
Published 31 Dec, 2016 12:00am
Achieving fiscal deficit target to be challenging

Achieving fiscal deficit target to be challenging

The State Bank of Pakistan (SBP) Friday said achieving annual fiscal deficit target may be difficult due to revenue shortfall. According to SBP's first quarterly report, given the revenue shortfall during Q1FY17, achieving the annual fiscal deficit target
Published 31 Dec, 2016 12:00am
Achieving fiscal deficit target to be challenging

Achieving fiscal deficit target to be challenging

The State Bank of Pakistan (SBP) Friday said achieving annual fiscal deficit target may be difficult due to revenue shortfall. According to SBP's first quarterly report, given the revenue shortfall during Q1FY17, achieving the annual fiscal deficit target
Published 31 Dec, 2016 12:00am
SBP says data signal growth momentum
Cotton

SBP says data signal growth momentum

The State Bank of Pakistan (SBP) is expecting that GDP growth will further strengthen during this year as the initial assessment indicates the economy is moving on its growth trajectory, amid some challenges. According to SBP''''s first quarterly report,
Published 31 Dec, 2016 12:00am
SBP says data signal growth momentum
Cotton

SBP says data signal growth momentum

The State Bank of Pakistan (SBP) is expecting that GDP growth will further strengthen during this year as the initial assessment indicates the economy is moving on its growth trajectory, amid some challenges. According to SBP''s first quarterly report, th
Published 31 Dec, 2016 12:00am
SBP says data signal growth momentum
Cotton

SBP says data signal growth momentum

The State Bank of Pakistan (SBP) is expecting that GDP growth will further strengthen during this year as the initial assessment indicates the economy is moving on its growth trajectory, amid some challenges. According to SBP's first quarterly report, the
Published 31 Dec, 2016 12:00am
The Weather

The Weather

The weather report on Friday (December 30, 2016) and the forecast for Saturday (December 31, 2016).

Published 31 Dec, 2016 12:00am
SBP says data signal growth momentum
Cotton

SBP says data signal growth momentum

The State Bank of Pakistan (SBP) is expecting that GDP growth will further strengthen during this year as the initial assessment indicates the economy is moving on its growth trajectory, amid some challenges. According to SBP's first quarterly report, the
Published 31 Dec, 2016 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 31 Dec, 2016 12:00am
PSX: best market in Asia with 46 percent return
Currency

PSX: best market in Asia with 46 percent return

Pakistan Stock Exchange has emerged the best market in Asia as the benchmark KSE-100 index gained 46 percent (45 percent in USD) in the calendar year 2016 as compared to last 10 year''s average return of 20 percent (15 percent in USD). PSX was not only to
Published 31 Dec, 2016 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 31 Dec, 2016 12:00am
PSX: best market in Asia with 46 percent return
Currency

PSX: best market in Asia with 46 percent return

Pakistan Stock Exchange has emerged the best market in Asia as the benchmark KSE-100 index gained 46 percent (45 percent in USD) in the calendar year 2016 as compared to last 10 year's average return of 20 percent (15 percent in USD). PSX was not only top
Published 31 Dec, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (December 30, 2016).

Published 31 Dec, 2016 12:00am
PSX: best market in Asia with 46 percent return
Currency

PSX: best market in Asia with 46 percent return

Pakistan Stock Exchange has emerged the best market in Asia as the benchmark KSE-100 index gained 46 percent (45 percent in USD) in the calendar year 2016 as compared to last 10 year's average return of 20 percent (15 percent in USD). PSX was not only top
Published 31 Dec, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (December 30, 2016)

Published 31 Dec, 2016 12:00am
BRIndex30 up 5.33 points

BRIndex30 up 5.33 points

On Friday, BRIndex30 opened at 26,374.43 points. It touched an intraday high of 26,501.82 points and an intraday low of 26,330.20 points and closed at 26,379.76 points which was 5.33 points or 0.02 percent higher than previous close. Total volume was 192,
Published 31 Dec, 2016 12:00am
BRIndex30 up 5.33 points

BRIndex30 up 5.33 points

On Friday, BRIndex30 opened at 26,374.43 points. It touched an intraday high of 26,501.82 points and an intraday low of 26,330.20 points and closed at 26,379.76 points which was 5.33 points or 0.02 percent higher than previous close. Total volume was 192,
Published 31 Dec, 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 Friday (December 30, 2016).

Published 31 Dec, 2016 12:00am
Bulls toss index to fresh peak

Bulls toss index to fresh peak

A bullish trend continued on Pakistan Stock Exchange (PSX) on the last trading day of the year 2016. The benchmark KSE-100 index rose by 140.31 points to close at all-time high of 47,806.97 points Friday. The index hit 47,938.65 points intra-day high, how
Published 31 Dec, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (December 30, 2016).

Published 31 Dec, 2016 12:00am
Bulls toss index to fresh peak

Bulls toss index to fresh peak

A bullish trend continued on Pakistan Stock Exchange (PSX) on the last trading day of the year 2016. The benchmark KSE-100 index rose by 140.31 points to close at all-time high of 47,806.97 points Friday. The index hit 47,938.65 points intra-day high, how
Published 31 Dec, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (December 30, 2016).

Published 31 Dec, 2016 12:00am
Bulls toss index to fresh peak

Bulls toss index to fresh peak

A bullish trend continued on Pakistan Stock Exchange (PSX) on the last trading day of the year 2016. The benchmark KSE-100 index rose by 140.31 points to close at all-time high of 47,806.97 points Friday. The index hit 47,938.65 points intra-day high, how
Published 31 Dec, 2016 12:00am
Nandipur cost overrun: Senate panel for briefing

Nandipur cost overrun: Senate panel for briefing

While expressing serious concerns over cost overrun of various power generation projects, Senate Standing Committee on Water and Power has sought a detailed briefing from the government on cost escalation of Nandipur power plant. A meeting of the committe
Published 31 Dec, 2016 12:00am
Nandipur cost overrun: Senate panel for briefing

Nandipur cost overrun: Senate panel for briefing

While expressing serious concerns over cost overrun of various power generation projects, Senate Standing Committee on Water and Power has sought a detailed briefing from the government on cost escalation of Nandipur power plant. A meeting of the committe
Published 31 Dec, 2016 12:00am
THE RUPEE: all-round gains
Currency

THE RUPEE: all-round gains

The rupee improved with slight gains against the dollar on the money market on Friday in the process of trading, dealers said. The rupee managed to halt erosion in its value versus the dollar, recovering 10 paisas for buying and selling at Rs 108.10 and R
Published 31 Dec, 2016 12:00am
Nandipur cost overrun: Senate panel for briefing

Nandipur cost overrun: Senate panel for briefing

While expressing serious concerns over cost overrun of various power generation projects, Senate Standing Committee on Water and Power has sought a detailed briefing from the government on cost escalation of Nandipur power plant. A meeting of the committe
Published 31 Dec, 2016 12:00am
THE RUPEE: all-round gains
Currency

THE RUPEE: all-round gains

The rupee improved with slight gains against the dollar on the money market on Friday in the process of trading, dealers said. The rupee managed to halt erosion in its value versus the dollar, recovering 10 paisas for buying and selling at Rs 108.10 and R
Published 31 Dec, 2016 12:00am
OGRA cuts gas prices for power houses

OGRA cuts gas prices for power houses

The Oil and Gas Regulatory Authority (OGRA) Friday reduced gas prices from Rs 600 per Million British Thermal Unit (MMBTU) to Rs 400 per MMBTU for power houses in a bid to supply cheap electricity to industrial units aimed at minimising the cost of produc
Published 31 Dec, 2016 12:00am
OGRA cuts gas prices for power houses

OGRA cuts gas prices for power houses

The Oil and Gas Regulatory Authority (OGRA) Friday reduced gas prices from Rs 600 per Million British Thermal Unit (MMBTU) to Rs 400 per MMBTU for power houses in a bid to supply cheap electricity to industrial units aimed at minimising the cost of produc
Published 31 Dec, 2016 12:00am
OGRA cuts gas prices for power houses

OGRA cuts gas prices for power houses

The Oil and Gas Regulatory Authority (OGRA) Friday reduced gas prices from Rs 600 per Million British Thermal Unit (MMBTU) to Rs 400 per MMBTU for power houses in a bid to supply cheap electricity to industrial units aimed at minimising the cost of produc
Published 31 Dec, 2016 12:00am
China to fund 4,000 megawatts transmission line

China to fund 4,000 megawatts transmission line

State Grid of China will help build a 4,000 MW power transmission line in Pakistan in a project valued at $1.5 billion, Pakistan said on Friday, the latest in a series of Chinese investments in its South Asian neighbour. The high-capacity transmission lin
Published 31 Dec, 2016 12:00am
China to fund 4,000 megawatts transmission line

China to fund 4,000 megawatts transmission line

State Grid of China will help build a 4,000 MW power transmission line in Pakistan in a project valued at $1.5 billion, Pakistan said on Friday, the latest in a series of Chinese investments in its South Asian neighbour. The high-capacity transmission lin
Published 31 Dec, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (December 30, 2016).

Published 31 Dec, 2016 12:00am
China to fund 4,000 megawatts transmission line

China to fund 4,000 megawatts transmission line

State Grid of China will help build a 4,000 MW power transmission line in Pakistan in a project valued at $1.5 billion, Pakistan said on Friday, the latest in a series of Chinese investments in its South Asian neighbour. The high-capacity transmission lin
Published 31 Dec, 2016 12:00am
Government urged to open Lok Virsa centres in all provinces

Government urged to open Lok Virsa centres in all provinces

A parliamentary panel Friday recommended the government to open Lok Virsa centres in all the four provinces, besides increasing its budget up to Rs 500 million from the current Rs 100 million, to protect and promote culture and national languages. Due to
Published 31 Dec, 2016 12:00am
Chief minister of India's most populous state ousted in family feud

Chief minister of India's most populous state ousted in family feud

The chief minister of India's most populous state Uttar Pradesh was expelled from his ruling party by his own father on Friday following a political family feud that has dominated national headlines for weeks. Akhilesh Yadav has been locked in a dispute w
Published 31 Dec, 2016 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 31 Dec, 2016 12:00am
Board meetings in progress

Board meetings in progress

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

Published 31 Dec, 2016 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 31 Dec, 2016 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 31 Dec, 2016 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 31 Dec, 2016 12:00am
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