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Print - 2017-01-18
Two women among 8 dacoits held
Currency

Two women among 8 dacoits held

Criminal Investigation Agency (CIA) of Islamabad Police have arrested eight persons including two women allegedly involved in looting a house, taking away valuables from a vehicle and recovered valuables worth Rs 13 million from them, police said.
Published 18 Jan, 2017 12:00am
Lahore campus of BZU: LHC bench summons Punjab minister

Lahore campus of BZU: LHC bench summons Punjab minister

A full bench of the Lahore High Court here Tuesday summoned provincial minister Zaeem Hussain Qadri to explain his position in establishment of Lahore campus of Bahauddin Zakaria University (BZU), Multan on January 19. The bench also summoned complete rec
Published 18 Jan, 2017 12:00am
Nisar for probe into poor construction of roads

Nisar for probe into poor construction of roads

Minister for Interior, Chaudhry Nisar Ali Khan Tuesday directed Commissioner Rawalpindi to investigate poor construction of Airport Road, Adiala Road and High Court Road. Taking notice of poor quality, he directed the commissioner to probe the matter and
Published 18 Jan, 2017 12:00am
Lahore police arrest suspects

Lahore police arrest suspects

On orders of the chief minister Shahbaz Sharif, Lahore police has taken action and arrested the suspects of firing incident in Nawankot. The police has registered the FIR and put the suspects behind bars namely Saghir, Hunzla alias honey and others.
Published 18 Jan, 2017 12:00am
Chief Justice takes cognisance of nine-year-old maid's torture

Chief Justice takes cognisance of nine-year-old maid's torture

Chief Justice of Pakistan Justice Mian Saqib Nisar on Tuesday took notice of alleged brutal torture on nine years old maid Abida in Lahore. The house lady is said to have forced her hand into fire, until her flesh sizzled. As per reports local police hush
Published 18 Jan, 2017 12:00am
Prime Minister to share Pakistan's economic success with world leaders

Prime Minister to share Pakistan's economic success with world leaders

Prime Minister Nawaz Sharif Tuesday said he had come to the World Economic Forum to share the remarkable economic turnaround of Pakistan, that only a few years back was on the verge of an economic collapse and the entire global financial community was ack
Published 18 Jan, 2017 12:00am
Khawaja Asif briefs Senate body about Indus Water Treaty

Khawaja Asif briefs Senate body about Indus Water Treaty

Minister for Water and Power Khawaja Asif Tuesday said that Pakistan has enough water resources and if these are managed and properly utilised then they will make the country sufficient enough to cope with the water threat whether or not Indus Water Treat
Published 18 Jan, 2017 12:00am
FIA Lahore makes more progress in petroleum levy case

FIA Lahore makes more progress in petroleum levy case

More progress has been made during ongoing investigation in petroleum levy matter as per instructions given by Minister for Interior Chaudhry Nisar Ali Khan. The marketing companies had deposited Rs 1.47 billion in the national exchequer following Federal
Published 18 Jan, 2017 12:00am
NA body mulls voting rights for Pakistanis abroad

NA body mulls voting rights for Pakistanis abroad

The Parliamentary Committee on Electoral Reforms is considering to give right to vote to overseas Pakistanis having National Identity Card for Overseas Pakistanis (NICOP). PTI MNA Dr Arif Alvi floated the idea of giving voting right to overseas Pakistanis
Published 18 Jan, 2017 12:00am
Sherpao hails co-operation between Pakistan & Afghanistan

Sherpao hails co-operation between Pakistan & Afghanistan

Chairman, Qaumi Watan Party, Aftab Ahmad Khan Sherpao has welcomed the move of Islamabad and Kabul for extending mutual co-operation for the larger interests of both Pakistan and Afghanistan In a statement here, he regretted that extensive damages had bee
Published 18 Jan, 2017 12:00am
9th IPEMC held: Minister approves minimum standards of quality education

9th IPEMC held: Minister approves minimum standards of quality education

Minister of State Engr Muhammad Baligh Ur Rehman attended the 9th IPEMC (Inter Provincial Education Minister's Conference) as a chairman of IPEMC on Tuesday. National Minimum Standards of Quality Education has been approved and formally launched in 9th IP
Published 18 Jan, 2017 12:00am
PML leaders say PTI, Jamaat failed to furnish any proof against PM

PML leaders say PTI, Jamaat failed to furnish any proof against PM

Leaders of the Pakistan Muslim League-Nawaz (PML-N) lashed out at Pakistan Tehreek-e-Insaf (PTI) and Jamaat-e-Islami (JI), saying both parties have failed in submitting any proof against Prime Minister Muhammad Nawaz Sharif and his family.
Published 18 Jan, 2017 12:00am
Reconstitution of military courts: parties' meeting remain inconclusive

Reconstitution of military courts: parties' meeting remain inconclusive

A meeting of parliamentary leaders of different political parties on the possible reconstitution of the Military Courts remained inconclusive as representatives of the government failed to answer a series of questions asked by the opposition parties' memb
Published 18 Jan, 2017 12:00am
Larkana student awaits financial aid

Larkana student awaits financial aid

Cadet College Larkana student Muhammad Ahmed, who was tortured by his teacher leaving him paralysed, awaits financial aid from the Sindh government which had promised to send him to the United States for treatment. His father Muhammad Rashid says that for
Published 18 Jan, 2017 12:00am
PM forms committee for clearance of Indian films

PM forms committee for clearance of Indian films

Prime Minister Nawaz Sharif has formed a committee for the clearance of Indian films. The committee will give clearance to Indian films for exhibition in Pakistani cinemas.
Published 18 Jan, 2017 12:00am
Autopsy of PK-661 air crew members allowed

Autopsy of PK-661 air crew members allowed

The Investigation Board for crashed Pakistan International Airline flight PK-661 in Havelian on December 7, was allowed on Tuesday to get conduct autopsy and intoxication of any illicit drug of air crew members. The District Magistrate Islamabad Capital T
Published 18 Jan, 2017 12:00am
Ideal of freedom of expression in US

Ideal of freedom of expression in US

According to Committee to Protect Journalists (CPJ), US Senator Jeff Sessions has said he is unsure whether he would commit to following guidelines adopted by Attorney General Eric Holder in 2015 that make it harder, though not impossible, for the Departm
Published 18 Jan, 2017 12:00am
Berlin sheds tears for post-war order as Trump era looms

Berlin sheds tears for post-war order as Trump era looms

The US President Barack Obama and German Chancellor Angela Merkel may have got off to a rocky start but his impending departure has sparked a wave of nostalgia and trepidation in Berlin. As Donald Trump threatens to upend the pillars of the post-war order
Published 18 Jan, 2017 12:00am
Money can't buy exports
Cotton

Money can't buy exports

The 'export package', in the works for months, finally got unwrapped last week. For the PM it was an occasion to remind the doubting Thomases of the economic turn-around. He spent more time recounting his government's achievements than what the package wi
Published 18 Jan, 2017 12:00am
Restructuring the export sector
Cotton

Restructuring the export sector

It becomes a real challenge to craft an export-led economy for a country suffering from limited exportable surpluses, that too mostly raw materials such as cotton and leather and very low value-addition products such as yarn and at best towels and bed-wea
Published 18 Jan, 2017 12:00am
Karachi rains

Karachi rains

After a long dry spell Karachi received its first winter showers last week. Which should have been a very welcome blessing, but it turned out to be a bane to the city dwellers. Life in the metropolis seemed to have come to a standstill as rainwater inunda
Published 18 Jan, 2017 12:00am
Inclusive development index

Inclusive development index

Pakistan ranked 52 in the Inclusive Development Index (IDI) 2017 while India ranked at 60 among 79 developing countries - a ranking that makes Pakistan proud given the recent display of India's considerable economic might in the international community re
Published 18 Jan, 2017 12:00am
Export period of wheat may be extended till March 31

Export period of wheat may be extended till March 31

The government is likely to extend export period of wheat till March 31, 2017 on the recommendations of governments of Punjab and Sindh along with approval for Sindh to export an additional quantity of 0.2 million tons, official sources told Business Reco
Published 18 Jan, 2017 12:00am
Export period of wheat may be extended till March 31

Export period of wheat may be extended till March 31

The government is likely to extend export period of wheat till March 31, 2017 on the recommendations of governments of Punjab and Sindh along with approval for Sindh to export an additional quantity of 0.2 million tons, official sources told Business Reco
Published 18 Jan, 2017 12:00am
Export period of wheat may be extended till March 31

Export period of wheat may be extended till March 31

The government is likely to extend export period of wheat till March 31, 2017 on the recommendations of governments of Punjab and Sindh along with approval for Sindh to export an additional quantity of 0.2 million tons, official sources told Business Reco
Published 18 Jan, 2017 12:00am
SBP will withdraw condition of 10 percent dollar-surrendering
Currency

SBP will withdraw condition of 10 percent dollar-surrendering

In order to enhance the dollar supply in open currency market, the State Bank of Pakistan (SBP) on Tuesday gave the assurance that it would withdraw condition of 10 percent dollar surrendering by the Exchange Companies in the interbank market. The SBP con
Published 18 Jan, 2017 12:00am
SBP will withdraw condition of 10 percent dollar-surrendering
Currency

SBP will withdraw condition of 10 percent dollar-surrendering

In order to enhance the dollar supply in open currency market, the State Bank of Pakistan (SBP) on Tuesday gave the assurance that it would withdraw condition of 10 percent dollar surrendering by the Exchange Companies in the interbank market. The SBP con
Published 18 Jan, 2017 12:00am
SBP will withdraw condition of 10 percent dollar-surrendering
Currency

SBP will withdraw condition of 10 percent dollar-surrendering

In order to enhance the dollar supply in open currency market, the State Bank of Pakistan (SBP) on Tuesday gave the assurance that it would withdraw condition of 10 percent dollar surrendering by the Exchange Companies in the interbank market. The SBP con
Published 18 Jan, 2017 12:00am
Benami Bill adopted after slight amendment

Benami Bill adopted after slight amendment

With a slight amendment, the Senate Tuesday passed government-sponsored ''The Benami Transactions (Prohibition) Bill, 2016'' aimed at prohibiting people from holding assets and properties under others'' or fake names. The bill which will come into force a
Published 18 Jan, 2017 12:00am
The Weather

The Weather

The weather report on Tuesday (January 17, 2017) and the forecast for Wednesday (January 18, 2017).

Published 18 Jan, 2017 12:00am
Benami Bill adopted after slight amendment

Benami Bill adopted after slight amendment

With a slight amendment, the Senate Tuesday passed government-sponsored 'The Benami Transactions (Prohibition) Bill, 2016' aimed at prohibiting people from holding assets and properties under others' or fake names. The bill which will come into force at o
Published 18 Jan, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (January 17, 2017).

Published 18 Jan, 2017 12:00am
Benami Bill adopted after slight amendment

Benami Bill adopted after slight amendment

With a slight amendment, the Senate Tuesday passed government-sponsored 'The Benami Transactions (Prohibition) Bill, 2016' aimed at prohibiting people from holding assets and properties under others' or fake names. The bill which will come into force at o
Published 18 Jan, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (January 17, 2017).

Published 18 Jan, 2017 12:00am
BAT agrees to buy Reynolds for $49 billion

BAT agrees to buy Reynolds for $49 billion

British American Tobacco has agreed a $49.4 billion take-over of US rival Reynolds American Inc, creating the world''s biggest listed tobacco company after it increased an earlier offer by more than $2 billion. BAT, which already owned 42 percent of Reyno
Published 18 Jan, 2017 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 18 Jan, 2017 12:00am
BAT agrees to buy Reynolds for $49 billion

BAT agrees to buy Reynolds for $49 billion

British American Tobacco has agreed a $49.4 billion take-over of US rival Reynolds American Inc, creating the world's biggest listed tobacco company after it increased an earlier offer by more than $2 billion. BAT, which already owned 42 percent of Reynol
Published 18 Jan, 2017 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 18 Jan, 2017 12:00am
BAT agrees to buy Reynolds for $49 billion

BAT agrees to buy Reynolds for $49 billion

British American Tobacco has agreed a $49.4 billion take-over of US rival Reynolds American Inc, creating the world's biggest listed tobacco company after it increased an earlier offer by more than $2 billion. BAT, which already owned 42 percent of Reynol
Published 18 Jan, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (January 17, 2017).

Published 18 Jan, 2017 12:00am
SBP directed to repay $500 million loan to Chinese SAFE

SBP directed to repay $500 million loan to Chinese SAFE

Finance Minister Senator Ishaq Dar has directed the State Bank of Pakistan to repay a loan of $ 500 million to the Chinese State Administration of Foreign Exchange (SAFE), upon its maturity on 23rd January 2017. The loan in the form of a deposit was taken
Published 18 Jan, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (January 17, 2017)

Published 18 Jan, 2017 12:00am
SBP directed to repay $500 million loan to Chinese SAFE

SBP directed to repay $500 million loan to Chinese SAFE

Finance Minister Senator Ishaq Dar has directed the State Bank of Pakistan to repay a loan of $ 500 million to the Chinese State Administration of Foreign Exchange (SAFE), upon its maturity on 23rd January 2017. The loan in the form of a deposit was taken
Published 18 Jan, 2017 12:00am
SBP directed to repay $500 million loan to Chinese SAFE

SBP directed to repay $500 million loan to Chinese SAFE

Finance Minister Senator Ishaq Dar has directed the State Bank of Pakistan to repay a loan of $ 500 million to the Chinese State Administration of Foreign Exchange (SAFE), upon its maturity on 23rd January 2017. The loan in the form of a deposit was taken
Published 18 Jan, 2017 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Tuesday (January 17, 2017).

Published 18 Jan, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (January 17, 2017).

Published 18 Jan, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (January 17, 2017).

Published 18 Jan, 2017 12:00am
Cut in price of imported urea: Dar refuses to consider proposal

Cut in price of imported urea: Dar refuses to consider proposal

Finance Minister Ishaq Dar has reportedly refused to consider a proposal for reduction in price of imported urea to sell out the surplus stock and stated that price reduction is not a solution to the issue. Sources said that a meeting of Economic Co-ordin
Published 18 Jan, 2017 12:00am
Cut in price of imported urea: Dar refuses to consider proposal

Cut in price of imported urea: Dar refuses to consider proposal

Finance Minister Ishaq Dar has reportedly refused to consider a proposal for reduction in price of imported urea to sell out the surplus stock and stated that price reduction is not a solution to the issue. Sources said that a meeting of Economic Co-ordin
Published 18 Jan, 2017 12:00am
THE RUPEE: slight gains
Currency

THE RUPEE: slight gains

The rupee was marginally up against the dollar on the money market on Tuesday in the process of trading activity, dealers said. The rupee almost held the overnight levels versus the dollar for buying and selling at Rs 104.85 and Rs 104.86 respectively, th
Published 18 Jan, 2017 12:00am
Cut in price of imported urea: Dar refuses to consider proposal

Cut in price of imported urea: Dar refuses to consider proposal

Finance Minister Ishaq Dar has reportedly refused to consider a proposal for reduction in price of imported urea to sell out the surplus stock and stated that price reduction is not a solution to the issue. Sources said that a meeting of Economic Co-ordin
Published 18 Jan, 2017 12:00am
THE RUPEE: slight gains
Currency

THE RUPEE: slight gains

The rupee was marginally up against the dollar on the money market on Tuesday in the process of trading activity, dealers said. The rupee almost held the overnight levels versus the dollar for buying and selling at Rs 104.85 and Rs 104.86 respectively, th
Published 18 Jan, 2017 12:00am
Government powers to remove CEOs of PSEs explained

Government powers to remove CEOs of PSEs explained

Secretary Finance Dr Waqar Masood Tuesday stated that the government with 51 percent shares in Public Sector Enterprises (PSEs) can not exercise the powers of 100 percent shareholding after the government''s powers to remove the chief executive officers (
Published 18 Jan, 2017 12:00am
Government powers to remove CEOs of PSEs explained

Government powers to remove CEOs of PSEs explained

Secretary Finance Dr Waqar Masood Tuesday stated that the government with 51 percent shares in Public Sector Enterprises (PSEs) can not exercise the powers of 100 percent shareholding after the government's powers to remove the chief executive officers (C
Published 18 Jan, 2017 12:00am
Government powers to remove CEOs of PSEs explained

Government powers to remove CEOs of PSEs explained

Secretary Finance Dr Waqar Masood Tuesday stated that the government with 51 percent shares in Public Sector Enterprises (PSEs) can not exercise the powers of 100 percent shareholding after the government's powers to remove the chief executive officers (C
Published 18 Jan, 2017 12:00am
Contradiction in statements gives no ground to disqualify PM: counsel

Contradiction in statements gives no ground to disqualify PM: counsel

Prime Minister Nawaz Sharif's lawyer argued Tuesday that contradiction between the Prime Minister's speech and his children's statements can not provide ground to disqualify his client, saying his speech could not be produced before the court as evidence
Published 18 Jan, 2017 12:00am
Contradiction in statements gives no ground to disqualify PM: counsel

Contradiction in statements gives no ground to disqualify PM: counsel

Prime Minister Nawaz Sharif's lawyer argued Tuesday that contradiction between the Prime Minister's speech and his children's statements can not provide ground to disqualify his client, saying his speech could not be produced before the court as evidence
Published 18 Jan, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (January 17, 2017).

Published 18 Jan, 2017 12:00am
PIA seeks increase in GOP guarantee limit

PIA seeks increase in GOP guarantee limit

Pakistan International Airlines (PIA) has approached the Finance Ministry for an increase in GoP guarantee limit by Rs 10.5 billion to Rs 161.5 billion from Rs 151 billion on the plea that its financial woes have increased after the crash of PK-661, sourc
Published 18 Jan, 2017 12:00am
PIA seeks increase in GOP guarantee limit

PIA seeks increase in GOP guarantee limit

Pakistan International Airlines (PIA) has approached the Finance Ministry for an increase in GoP guarantee limit by Rs 10.5 billion to Rs 161.5 billion from Rs 151 billion on the plea that its financial woes have increased after the crash of PK-661, sourc
Published 18 Jan, 2017 12:00am
PIA seeks increase in GOP guarantee limit

PIA seeks increase in GOP guarantee limit

Pakistan International Airlines (PIA) has approached the Finance Ministry for an increase in GoP guarantee limit by Rs 10.5 billion to Rs 161.5 billion from Rs 151 billion on the plea that its financial woes have increased after the crash of PK-661, sourc
Published 18 Jan, 2017 12:00am
BRIndex30 drops 171.38 points

BRIndex30 drops 171.38 points

On Tuesday, BRIndex30 opened at 27,277.50 points. It touched an intraday high of 27,384.02 points and an intraday low of 26,760.10 points and closed at 27,106.12 points which was -171.38 points or -0.63 percent lower than previous close. Total volume was
Published 18 Jan, 2017 12:00am
BRIndex30 drops 171.38 points

BRIndex30 drops 171.38 points

On Tuesday, BRIndex30 opened at 27,277.50 points. It touched an intraday high of 27,384.02 points and an intraday low of 26,760.10 points and closed at 27,106.12 points which was -171.38 points or -0.63 percent lower than previous close. Total volume was
Published 18 Jan, 2017 12:00am
Stocks extend losses

Stocks extend losses

Pakistan Stock Exchange (PSX) Tuesday witnessed a heavy selling pressure and the benchmark KSE-100 index hit 48,108.80 points intra-day low, down 780 points. However, the index recovered in later hours on the back of fresh buying in select stocks and hit
Published 18 Jan, 2017 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 18 Jan, 2017 12:00am
Stocks extend losses

Stocks extend losses

Pakistan Stock Exchange (PSX) Tuesday witnessed a heavy selling pressure and the benchmark KSE-100 index hit 48,108.80 points intra-day low, down 780 points. However, the index recovered in later hours on the back of fresh buying in select stocks and hit
Published 18 Jan, 2017 12:00am
Stocks extend losses

Stocks extend losses

Pakistan Stock Exchange (PSX) Tuesday witnessed a heavy selling pressure and the benchmark KSE-100 index hit 48,108.80 points intra-day low, down 780 points. However, the index recovered in later hours on the back of fresh buying in select stocks and hit
Published 18 Jan, 2017 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 18 Jan, 2017 12:00am
Raheel says intelligence sharing very important to combat terrorism

Raheel says intelligence sharing very important to combat terrorism

Former army chief General Raheel Sharif (retired) has said on Tuesday that intelligence sharing is very much important component of the course of action against terrorism. Aaj News reported that he expressed these views at a session discussion on "Terrori
Published 18 Jan, 2017 12:00am
Raheel says intelligence sharing very important to combat terrorism

Raheel says intelligence sharing very important to combat terrorism

Former army chief General Raheel Sharif (retired) has said on Tuesday that intelligence sharing is very much important component of the course of action against terrorism. Aaj News reported that he expressed these views at a session discussion on "Terrori
Published 18 Jan, 2017 12:00am