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Print - 2017-01-26
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (January 25, 2017).

Published 26 Jan, 2017 12:00am
Palm oil tracks weak soyaoil lower ahead of holidays

Palm oil tracks weak soyaoil lower ahead of holidays

Malaysian palm oil futures declined on Wednesday, tracking weaker performing rival soyaoil and as traders closed positions ahead of the Lunar New Year public holidays. Palm had risen in the previous session after declining for four consecutive days.
Published 26 Jan, 2017 12:00am
Raw sugar prices up, coffee resumes advance

Raw sugar prices up, coffee resumes advance

Raw sugar futures edged slightly higher on Wednesday as the market waited for clearer indications about when India might import, while arabica coffee also advanced. March raws were up 0.09 cent, or 0.4 percent, at 20.67 cents per lb at 1516 GMT. The front
Published 26 Jan, 2017 12:00am
Gold slips from late 2016 highs in New York

Gold slips from late 2016 highs in New York

Gold fell nearly 1 percent on Tuesday, sliding from a two-month peak as investors took stock of US President Donald Trump's first policy moves and the dollar stabilised after plumbing seven-week lows this week.
Published 26 Jan, 2017 12:00am
Gold down in Asia

Gold down in Asia

Gold drifted down on Wednesday as Chinese demand ebbed ahead of the Lunar New Year festival, with some analysts warning of further declines as prices for the metal could be due a technical correction. That came after bullion touched two-month highs earlie
Published 26 Jan, 2017 12:00am
Gold falls in Europe
Currency

Gold falls in Europe

Gold prices fell on Wednesday as renewed hopes that US President Donald Trump will unleash growth-friendly spending policies boosted shares and eroded bullion's safe haven attraction. Spot gold had fallen 0.5 percent to $1,203.49 per ounce by 1355 GMT, wh
Published 26 Jan, 2017 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 26 Jan, 2017 12:00am
Brazil sees new coffee crop falling to 43-47 million bags

Brazil sees new coffee crop falling to 43-47 million bags

Brazil's 2017 coffee crop should amount to between 43.65 million and 47.51 million 60-kg bags, compared with 51.37 million last year, as the off-year in the biennial cycle cuts expected output, government agency Conab said on Tuesday.
Published 26 Jan, 2017 12:00am
US MIDDAY: gold plunges
Currency

US MIDDAY: gold plunges

Gold prices fell to the lowest in more than a week early on Wednesday in New York trade as renewed hopes that US President Donald Trump will unleash growth-friendly spending policies boosted shares and eroded bullion's safe haven attraction. Spot gold had
Published 26 Jan, 2017 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 26 Jan, 2017 12:00am
'Reinventing the PPP'

'Reinventing the PPP'

This is apropos aBusiness Recorder editorial 'Reinventing the PPP' carried by the newspaper yesterday. It has pointed out, among other things, "Over the past five years or so, the PPP seems to have steadily lost hope of recapturing its former stron
Published 26 Jan, 2017 12:00am
How Russia sold its oil jewel - without saying who bought it

How Russia sold its oil jewel - without saying who bought it

More than a month after Russia announced one of its biggest privatisations since the 1990s, selling a 19.5 percent stake in its giant oil company Rosneft, it still isn't possible to determine from public records the full identities of those who bought it.
Published 26 Jan, 2017 12:00am
Trump's reckless peace plan

Trump's reckless peace plan

Holding good on his campaign promises in the very first week of his presidency, Donald Trump has issued a clutch of executive orders involving controversial issues, including building of the wall on the Mexican border and the Keystone and Dakota Access oi
Published 26 Jan, 2017 12:00am
Minister's indiscretion

Minister's indiscretion

Punjab Law Minister Rana Sanaullah has a penchant for landing himself and his government in controversy. True to his track record, he has set off another furore because of comments on the judiciary, establishment, and Pakistan Tehreek-e-Insaf (PTI) chief
Published 26 Jan, 2017 12:00am
Foreign borrowing

Foreign borrowing

According to data released by the Economic Affairs Division (EAD), Pakistan received $4.1 billion from external sources during the first half of the current year - 51 percent of the total amount budgeted - in comparison to the $4.15 billion received in th
Published 26 Jan, 2017 12:00am
Customs values of latex rubber threads of various counts revised

Customs values of latex rubber threads of various counts revised

Directorate General Customs Valuation (DGCV) on Wednesday revised the customs values of Latex Rubber Threads of various counts. According to the revised valuation, the Directorate has conducted an exercise to re-examine the values of Latex Rubber Threads
Published 26 Jan, 2017 12:00am
Customs values of latex rubber threads of various counts revised

Customs values of latex rubber threads of various counts revised

Directorate General Customs Valuation (DGCV) on Wednesday revised the customs values of Latex Rubber Threads of various counts. According to the revised valuation, the Directorate has conducted an exercise to re-examine the values of Latex Rubber Threads
Published 26 Jan, 2017 12:00am
Customs values of latex rubber threads of various counts revised

Customs values of latex rubber threads of various counts revised

Directorate General Customs Valuation (DGCV) on Wednesday revised the customs values of Latex Rubber Threads of various counts. According to the revised valuation, the Directorate has conducted an exercise to re-examine the values of Latex Rubber Threads
Published 26 Jan, 2017 12:00am
901 cases of tax evasion, frauds involving Rs 53 billion detected

901 cases of tax evasion, frauds involving Rs 53 billion detected

Directorate General of Intelligence and Investigation Inland Revenue (IR), Federal Board of Revenue (FBR) has detected 901 mega cases of tax evasion, concealment/tax frauds and cases of high net individuals involving Rs 53 billion during January-December
Published 26 Jan, 2017 12:00am
901 cases of tax evasion, frauds involving Rs 53 billion detected

901 cases of tax evasion, frauds involving Rs 53 billion detected

Directorate General of Intelligence and Investigation Inland Revenue (IR), Federal Board of Revenue (FBR) has detected 901 mega cases of tax evasion, concealment/tax frauds and cases of high net individuals involving Rs 53 billion during January-December
Published 26 Jan, 2017 12:00am
901 cases of tax evasion, frauds involving Rs 53 billion detected

901 cases of tax evasion, frauds involving Rs 53 billion detected

Directorate General of Intelligence and Investigation Inland Revenue (IR), Federal Board of Revenue (FBR) has detected 901 mega cases of tax evasion, concealment/tax frauds and cases of high net individuals involving Rs 53 billion during January-December
Published 26 Jan, 2017 12:00am
LHC moved for Sindh governor appointment on merit

LHC moved for Sindh governor appointment on merit

A bar member on Wednesday approached the Lahore High Court for appointment of Governor Sindh on merit. The petitioner Javed Iqbal Jafree submitted that the government earlier didn't appoint the governor on merit. He said late governor Justice (r) Saeed-uz
Published 26 Jan, 2017 12:00am
Political crisis, uncertainty to dampen economic growth: Ahsan

Political crisis, uncertainty to dampen economic growth: Ahsan

Federal Minister for Planning, Development and Reforms (PD&R), Professor Ahsan Iqbal has warned that any political crisis and uncertainty in the country would dampen economic growth momentum achieved by the country. Addressing a press conference here on W
Published 26 Jan, 2017 12:00am
Ex-minister among finalists named to lead WHO

Ex-minister among finalists named to lead WHO

The World Health Organisation on Wednesday picked three finalists for the role of its next director-general, a high-stakes choice for the powerful agency described as facing an "existential crisis". After a day of interviews, WHO's executive board chose U
Published 26 Jan, 2017 12:00am
LHC issues bailable arrest warrants of DG LDA

LHC issues bailable arrest warrants of DG LDA

The Lahore High Court Wednesday issued bailable arrest warrants of Director General of Lahore Development Authority (LDA) for February 09. DG. LDA had failed to appear before the court despite repeated notices issued to him in a petition filed by a citize
Published 26 Jan, 2017 12:00am
Footage of lawyers' misconduct with judge goes viral

Footage of lawyers' misconduct with judge goes viral

CCTV footage of another incident involving lawyers' misconduct with a civil judge of Lahore has gone viral on social media. In the video, three advocates, yet to be identified, could be seen threatening the judge of dire consequences if their request was
Published 26 Jan, 2017 12:00am
US drops case against Fiat heir arrested for faking own kidnapping

US drops case against Fiat heir arrested for faking own kidnapping

US authorities have decided not to charge an heir to the Fiat auto fortune who was arrested for allegedly faking his own kidnapping to pay for a weekend of debauchery, officials said Wednesday. According to several US media outlets, Lapo Elkann, the grand
Published 26 Jan, 2017 12:00am
US drops case against Fiat heir arrested for faking own kidnapping

US drops case against Fiat heir arrested for faking own kidnapping

US authorities have decided not to charge an heir to the Fiat auto fortune who was arrested for allegedly faking his own kidnapping to pay for a weekend of debauchery, officials said Wednesday. According to several US media outlets, Lapo Elkann, the grand
Published 26 Jan, 2017 12:00am
New CEO World Bank due today

New CEO World Bank due today

The World Bank''''s newly appointed Chief Executive Officer, Kristalina Georgieva will make her first country visit to South Asia. She will begin with a visit to Pakistan from Thursday and India in the coming weeks to learn about Bank operations and devel
Published 26 Jan, 2017 12:00am
New CEO World Bank due today

New CEO World Bank due today

The World Bank''s newly appointed Chief Executive Officer, Kristalina Georgieva will make her first country visit to South Asia. She will begin with a visit to Pakistan from Thursday and India in the coming weeks to learn about Bank operations and develop
Published 26 Jan, 2017 12:00am
New CEO World Bank due today

New CEO World Bank due today

The World Bank's newly appointed Chief Executive Officer, Kristalina Georgieva will make her first country visit to South Asia. She will begin with a visit to Pakistan from Thursday and India in the coming weeks to learn about Bank operations and developm
Published 26 Jan, 2017 12:00am
New CEO World Bank due today

New CEO World Bank due today

The World Bank's newly appointed Chief Executive Officer, Kristalina Georgieva will make her first country visit to South Asia. She will begin with a visit to Pakistan from Thursday and India in the coming weeks to learn about Bank operations and developm
Published 26 Jan, 2017 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Wednesday (January 25, 2017).

Published 26 Jan, 2017 12:00am
Six projects worth Rs 48 billion approved by Ecnec

Six projects worth Rs 48 billion approved by Ecnec

A meeting of the Executive Committee of the National Economic Council (ECNEC) has approved six projects, worth over Rs 48 billion, for energy, health and education sectors. The ECNEC meeting chaired by Finance Minister Ishaq Dar has approved the project '
Published 26 Jan, 2017 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Wednesday (January 25, 2017).

Published 26 Jan, 2017 12:00am
Six projects worth Rs 48 billion approved by Ecnec

Six projects worth Rs 48 billion approved by Ecnec

A meeting of the Executive Committee of the National Economic Council (ECNEC) has approved six projects, worth over Rs 48 billion, for energy, health and education sectors. The ECNEC meeting chaired by Finance Minister Ishaq Dar has approved the project '
Published 26 Jan, 2017 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Wednesday (January 25, 2017).

Published 26 Jan, 2017 12:00am
Six projects worth Rs 48 billion approved by Ecnec

Six projects worth Rs 48 billion approved by Ecnec

A meeting of the Executive Committee of the National Economic Council (ECNEC) has approved six projects, worth over Rs 48 billion, for energy, health and education sectors. The ECNEC meeting chaired by Finance Minister Ishaq Dar has approved the project '
Published 26 Jan, 2017 12:00am
Orange Line project: FBR grants duty exemption to Chinese contractor

Orange Line project: FBR grants duty exemption to Chinese contractor

The Federal Board of Revenue (FBR) has exempted customs duty on import of equipment (not manufactured locally) by a Chinese contractor for Lahore Orange Line Metro Train Project. The FBR has issued an SRO here on Wednesday. According to the notification,
Published 26 Jan, 2017 12:00am
Orange Line project: FBR grants duty exemption to Chinese contractor

Orange Line project: FBR grants duty exemption to Chinese contractor

The Federal Board of Revenue (FBR) has exempted customs duty on import of equipment (not manufactured locally) by a Chinese contractor for Lahore Orange Line Metro Train Project. The FBR has issued an SRO here on Wednesday. According to the notification,
Published 26 Jan, 2017 12:00am
Orange Line project: FBR grants duty exemption to Chinese contractor

Orange Line project: FBR grants duty exemption to Chinese contractor

The Federal Board of Revenue (FBR) has exempted customs duty on import of equipment (not manufactured locally) by a Chinese contractor for Lahore Orange Line Metro Train Project. The FBR has issued an SRO here on Wednesday. According to the notification,
Published 26 Jan, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (January 25, 2017).

Published 26 Jan, 2017 12:00am
Two coal-fired power plants to be set up under CPEC

Two coal-fired power plants to be set up under CPEC

A joint venture of Hub Power Company (Hubco) and a Chinese company on Wednesday announced that they would set up two coal-fired power plants of 1650MW in Hub, (Balochistan) and Thar, Sindh under China-Pakistan Economic Corridor (CPEC). Documents relating
Published 26 Jan, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (January 25, 2017).

Published 26 Jan, 2017 12:00am
Two coal-fired power plants to be set up under CPEC

Two coal-fired power plants to be set up under CPEC

A joint venture of Hub Power Company (Hubco) and a Chinese company on Wednesday announced that they would set up two coal-fired power plants of 1650MW in Hub, (Balochistan) and Thar, Sindh under China-Pakistan Economic Corridor (CPEC). Documents relating
Published 26 Jan, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (January 25, 2017).

Published 26 Jan, 2017 12:00am
Two coal-fired power plants to be set up under CPEC

Two coal-fired power plants to be set up under CPEC

A joint venture of Hub Power Company (Hubco) and a Chinese company on Wednesday announced that they would set up two coal-fired power plants of 1650MW in Hub, (Balochistan) and Thar, Sindh under China-Pakistan Economic Corridor (CPEC). Documents relating
Published 26 Jan, 2017 12:00am
Rise in populism risks worsening corruption: watchdog

Rise in populism risks worsening corruption: watchdog

The rise of populist politicians around the world risks undermining the fight against corruption, an anti-graft watchdog said Wednesday, warning that it feared a backslide in the US under new President Donald Trump. "Populism is the wrong medicine," Trans
Published 26 Jan, 2017 12:00am
Rise in populism risks worsening corruption: watchdog

Rise in populism risks worsening corruption: watchdog

The rise of populist politicians around the world risks undermining the fight against corruption, an anti-graft watchdog said Wednesday, warning that it feared a backslide in the US under new President Donald Trump. "Populism is the wrong medicine," Trans
Published 26 Jan, 2017 12:00am
Rise in populism risks worsening corruption: watchdog

Rise in populism risks worsening corruption: watchdog

The rise of populist politicians around the world risks undermining the fight against corruption, an anti-graft watchdog said Wednesday, warning that it feared a backslide in the US under new President Donald Trump. "Populism is the wrong medicine," Trans
Published 26 Jan, 2017 12:00am
Rise in populism risks worsening corruption: watchdog

Rise in populism risks worsening corruption: watchdog

The rise of populist politicians around the world risks undermining the fight against corruption, an anti-graft watchdog said Wednesday, warning that it feared a backslide in the US under new President Donald Trump. "Populism is the wrong medicine," Trans
Published 26 Jan, 2017 12:00am
Distribution details of Mian Sharif's property sought

Distribution details of Mian Sharif's property sought

The Supreme Court on Wednesday sought details pertaining to distribution of property of the late Mian Muhammad Sharif to his heirs and the transcript of Maryam Nawaz's interview to a private television in 2012 in which she had denied the ownership of the
Published 26 Jan, 2017 12:00am
Distribution details of Mian Sharif's property sought

Distribution details of Mian Sharif's property sought

The Supreme Court on Wednesday sought details pertaining to distribution of property of the late Mian Muhammad Sharif to his heirs and the transcript of Maryam Nawaz's interview to a private television in 2012 in which she had denied the ownership of the
Published 26 Jan, 2017 12:00am
BRIndex30 falls 194.66 points

BRIndex30 falls 194.66 points

On Wednesday, BRIndex30 opened at 28,439.11 points. It touched an intraday high of 28,632.09 points and an intraday low of 28,208.11 points and closed at 28,244.45 points which was -194.66 points or -0.68 percent lower than previous close. Total volume wa
Published 26 Jan, 2017 12:00am
BRIndex30 falls 194.66 points

BRIndex30 falls 194.66 points

On Wednesday, BRIndex30 opened at 28,439.11 points. It touched an intraday high of 28,632.09 points and an intraday low of 28,208.11 points and closed at 28,244.45 points which was -194.66 points or -0.68 percent lower than previous close. Total volume wa
Published 26 Jan, 2017 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (January 25, 2017).

Published 26 Jan, 2017 12:00am
Equities shed gains

Equities shed gains

Pakistan Stock Exchange (PSX) Wednesday opened on a positive note and the benchmark KSE-100 index once again crossed 50,000 psychological level to hit 50,265.57 points intra-day high. However, the index failed to sustain the level due to selling pressure
Published 26 Jan, 2017 12:00am
Money Market Report
Currency

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (January 25, 2017).
Published 26 Jan, 2017 12:00am