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Print - 2017-02-04
Punjab Assembly speaker's behaviour irks Opposition

Punjab Assembly speaker's behaviour irks Opposition

Opposition in the Punjab assembly protested against the biased behaviour of the Speaker, saying that the government should change the Speaker otherwise it would not let the house proceedings operational.
Published 04 Feb, 2017 12:00am
Punjab government to protect rights of growers

Punjab government to protect rights of growers

Secretary Agriculture Punjab Muhammad Mahmood said on Friday that the government would protect the rights of the growers and nobody would be allowed to exploit them.
Published 04 Feb, 2017 12:00am
Pakistan is changing in terms of prosperity, growth: Shahbaz

Pakistan is changing in terms of prosperity, growth: Shahbaz

The Punjab Chief Minister Mohammad Shahbaz Sharif Friday expressed the hope that year 2018 will witness public victory once again which will prove fatal for sit-in trend setters' whose politics totally relies on levelling baseless allegations on others, i
Published 04 Feb, 2017 12:00am
PRGMEA for effective role of trade officers in boosting exports

PRGMEA for effective role of trade officers in boosting exports

Central Chairman Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Ijaz A. Khokhar on Friday said that business community is ready to plays pivotal role in enhancing exports for the larger national interests.
Published 04 Feb, 2017 12:00am
Turkish investors keen to invest in various sectors

Turkish investors keen to invest in various sectors

A delegation of Turkish investors called on Punjab Chief Minister Shehbaz Sharif on Friday and expressed keen interest for investment in different sectors of Punjab specifically water sector, waste water treatment and housing sector.
Published 04 Feb, 2017 12:00am
Cancer awareness can reduce mortality rate: Omer Aftab

Cancer awareness can reduce mortality rate: Omer Aftab

Pakistan has the highest rate of breast cancer in Asia as one out of every nine women in Pakistan faces the risk of breast cancer. The prevalence of this deadly ailment is the highest amongst all types of cancers in the country, ie 38.5 percent.
Published 04 Feb, 2017 12:00am
Nespak holds fire drill

Nespak holds fire drill

The safety of employees is one of the top priorities of NESPAK Management. For this purpose a fire drill was held at NESPAK House, Lahore as part of efforts to improve safety preparedness on Friday. It was also aimed at testing and ensuring proper working
Published 04 Feb, 2017 12:00am
Hamza advises Khan not to create hurdles in way of progress

Hamza advises Khan not to create hurdles in way of progress

Pakistan Muslim League-Nawaz (PML-N) leader Hamza Shahbaz said on Friday that those politicians are talking about accountability including Imran Khan who got their loans written off and also purchased helicopter from that amount.
Published 04 Feb, 2017 12:00am
KP CM forms panels to review TCKP's audit & accounts

KP CM forms panels to review TCKP's audit & accounts

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has directed the formation of different committees for the restructuring of Tourism Corporation Khyber Pakhtunkhwa (TCKP) to review the audit, accounts and spending of the corporation. The committees would
Published 04 Feb, 2017 12:00am
Balochistan transfers 172 doctors from Quetta to various districts

Balochistan transfers 172 doctors from Quetta to various districts

Government of Balochistan has transferred a bulk of 172 doctors from Quetta to different districts of the province to provide better medical facilities and meeting shortage of doctors in far flung areas of the province under the vision of Chief Minister N
Published 04 Feb, 2017 12:00am
Nobody to be allowed to disrupt Lyari's peace: DG Rangers

Nobody to be allowed to disrupt Lyari's peace: DG Rangers

Director General (DG) Pakistan Rangers (Sindh) Major General Muhammad Saeed on Friday visited various areas of Lyari including Nawan Lane, Meera Naka, Gabol Park, Cheel Chowk, etc. He met the residents of Lyari during his visit. He was briefed by sector c
Published 04 Feb, 2017 12:00am
Judges differ over granting bail to Dr Asim

Judges differ over granting bail to Dr Asim

Judges of the two-member bench of Sindh High Court (SHC) were not on the same page during hearing regarding Pakistan Peoples Party (PPP) leader Dr Asim's bail on Friday. One of the judges was in favour of the bail while the other was against it in two cor
Published 04 Feb, 2017 12:00am
Euro may be too weak for Germany but too strong for others
Currency

Euro may be too weak for Germany but too strong for others

In an attack on Germany, U.S. President Donald Trump's top trade adviser said the euro was "grossly undervalued", a charge which may ring true for the German economy but not for the 19-member currency zone as a whole. The adviser, Peter Navarro, said Germ
Published 04 Feb, 2017 12:00am
GST, petroleum levy on kerosene oil, LDO abolished

GST, petroleum levy on kerosene oil, LDO abolished

The government has abolished General Sales Tax (GST) and Petroleum Levy (PL) on Kerosene Oil (KO) and Light Diesel Oil (LDO), while it has reduced PL on Motor Gasoline from Rs 4 per litre to Rs 2.25 per litre to pass on the lower international fuel price
Published 04 Feb, 2017 12:00am
GST, petroleum levy on kerosene oil, LDO abolished

GST, petroleum levy on kerosene oil, LDO abolished

The government has abolished General Sales Tax (GST) and Petroleum Levy (PL) on Kerosene Oil (KO) and Light Diesel Oil (LDO), while it has reduced PL on Motor Gasoline from Rs 4 per litre to Rs 2.25 per litre to pass on the lower international fuel price
Published 04 Feb, 2017 12:00am
GST, petroleum levy on kerosene oil, LDO abolished

GST, petroleum levy on kerosene oil, LDO abolished

The government has abolished General Sales Tax (GST) and Petroleum Levy (PL) on Kerosene Oil (KO) and Light Diesel Oil (LDO), while it has reduced PL on Motor Gasoline from Rs 4 per litre to Rs 2.25 per litre to pass on the lower international fuel price
Published 04 Feb, 2017 12:00am
Country receives $27.76 billion in loans, grants in three years

Country receives $27.76 billion in loans, grants in three years

The government received $27.76 billion in loans and grants from 12 countries and 16 organisations, including $6.4 billion from the International Monetary Fund (IMF), during the last three years (01-12-2013 to 30-11-2016). Minister for Finance, Revenue and
Published 04 Feb, 2017 12:00am
Country receives $27.76 billion in loans, grants in three years

Country receives $27.76 billion in loans, grants in three years

The government received $27.76 billion in loans and grants from 12 countries and 16 organisations, including $6.4 billion from the International Monetary Fund (IMF), during the last three years (01-12-2013 to 30-11-2016). Minister for Finance, Revenue and
Published 04 Feb, 2017 12:00am
Country receives $27.76 billion in loans, grants in three years

Country receives $27.76 billion in loans, grants in three years

The government received $27.76 billion in loans and grants from 12 countries and 16 organisations, including $6.4 billion from the International Monetary Fund (IMF), during the last three years (01-12-2013 to 30-11-2016). Minister for Finance, Revenue and
Published 04 Feb, 2017 12:00am
Dar reviews MoF programmes and activities

Dar reviews MoF programmes and activities

Finance Minister Ishaq Dar Friday chaired a meeting to review the progress on various programmes and activities of the Ministry of Finance. The newly-appointed Secretary Finance Tariq Bajwa also participated in the meeting. The Finance Minister felicitate
Published 04 Feb, 2017 12:00am
Dar reviews MoF programmes and activities

Dar reviews MoF programmes and activities

Finance Minister Ishaq Dar Friday chaired a meeting to review the progress on various programmes and activities of the Ministry of Finance. The newly-appointed Secretary Finance Tariq Bajwa also participated in the meeting. The Finance Minister felicitate
Published 04 Feb, 2017 12:00am
Dar reviews MoF programmes and activities

Dar reviews MoF programmes and activities

Finance Minister Ishaq Dar Friday chaired a meeting to review the progress on various programmes and activities of the Ministry of Finance. The newly-appointed Secretary Finance Tariq Bajwa also participated in the meeting. The Finance Minister felicitate
Published 04 Feb, 2017 12:00am
Stocks snap winning streak

Stocks snap winning streak

Pakistan Stock Exchange witnessed a volatile session as the benchmark KSE-100 index traded between 49,779.53 intraday high, up 114 points and 49,429.42 intraday low, down 235 points. The index closed at the level of 49,555.83 points with a net loss of 110
Published 04 Feb, 2017 12:00am
Stocks snap winning streak

Stocks snap winning streak

Pakistan Stock Exchange witnessed a volatile session as the benchmark KSE-100 index traded between 49,779.53 intraday high, up 114 points and 49,429.42 intraday low, down 235 points. The index closed at the level of 49,555.83 points with a net loss of 110
Published 04 Feb, 2017 12:00am
Stocks snap winning streak

Stocks snap winning streak

Pakistan Stock Exchange witnessed a volatile session as the benchmark KSE-100 index traded between 49,779.53 intraday high, up 114 points and 49,429.42 intraday low, down 235 points. The index closed at the level of 49,555.83 points with a net loss of 110
Published 04 Feb, 2017 12:00am
BRIndex30 falls 122.18 points

BRIndex30 falls 122.18 points

On Friday, BRIndex30 opened at 28,683.83 points. It touched an intraday high of 28,921.15 points and an intraday low of 28,356.73 points and closed at 28,561.65 points which was -122.18 points or -0.43 percent lower than previous close. Total volume was 2
Published 04 Feb, 2017 12:00am
BRIndex30 falls 122.18 points

BRIndex30 falls 122.18 points

On Friday, BRIndex30 opened at 28,683.83 points. It touched an intraday high of 28,921.15 points and an intraday low of 28,356.73 points and closed at 28,561.65 points which was -122.18 points or -0.43 percent lower than previous close. Total volume was 2
Published 04 Feb, 2017 12:00am
More lives lost in Ukraine as US presses Russia

More lives lost in Ukraine as US presses Russia

Clashes between Ukrainian forces and Moscow-backed rebels left two more dead in a flashpoint town Friday and five others elsewhere in bloodshed that has prompted the US to condemn Russia's "aggressive" stance. The latest reports from both sides take the d
Published 04 Feb, 2017 12:00am
High Court rejects Brexit EEA challenge

High Court rejects Brexit EEA challenge

England's High Court on Friday blocked a legal challenge to force the government to seek parliamentary approval before pulling out of the European Economic Area as a part of Brexit. "The current claims are premature and for that reason, permission to appl
Published 04 Feb, 2017 12:00am
Hundreds likely killed in Myanmar's Rohingya crackdown: UN

Hundreds likely killed in Myanmar's Rohingya crackdown: UN

Myanmar's military crackdown on Rohingya Muslims has likely killed hundreds of people, with children slaughtered and women gang-raped in a campaign that may amount to ethnic cleansing, the UN said Friday. Soldiers have fired on civilians from helicopters
Published 04 Feb, 2017 12:00am
Hundreds likely killed in Myanmar's Rohingya crackdown: UN

Hundreds likely killed in Myanmar's Rohingya crackdown: UN

Myanmar's military crackdown on Rohingya Muslims has likely killed hundreds of people, with children slaughtered and women gang-raped in a campaign that may amount to ethnic cleansing, the UN said Friday. Soldiers have fired on civilians from helicopters
Published 04 Feb, 2017 12:00am
SBP directs banks to focus on agriculture financing

SBP directs banks to focus on agriculture financing

Governor State Bank of Pakistan Ashraf Mahmood Wathra has urged the banks to understand the needs of the economy and focus on agri financing as it is a viable business activity having huge cash flows, and significant contribution in GDP with strong backwa
Published 04 Feb, 2017 12:00am
SBP directs banks to focus on agriculture financing

SBP directs banks to focus on agriculture financing

Governor State Bank of Pakistan Ashraf Mahmood Wathra has urged the banks to understand the needs of the economy and focus on agri financing as it is a viable business activity having huge cash flows, and significant contribution in GDP with strong backwa
Published 04 Feb, 2017 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 04 Feb, 2017 12:00am
SBP directs banks to focus on agriculture financing

SBP directs banks to focus on agriculture financing

Governor State Bank of Pakistan Ashraf Mahmood Wathra has urged the banks to understand the needs of the economy and focus on agri financing as it is a viable business activity having huge cash flows, and significant contribution in GDP with strong backwa
Published 04 Feb, 2017 12:00am
Hyundai to assemble cars in venture with textile group

Hyundai to assemble cars in venture with textile group

Hyundai Motor Company plans to set up a car assembly plant in Pakistan in a joint venture with local textile firm Nishat Mills, an official from Nishat said on Friday. Hyundai's return to Pakistan will boost the government's efforts to shake up the Japane
Published 04 Feb, 2017 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 04 Feb, 2017 12:00am
Hyundai to assemble cars in venture with textile group

Hyundai to assemble cars in venture with textile group

Hyundai Motor Company plans to set up a car assembly plant in Pakistan in a joint venture with local textile firm Nishat Mills, an official from Nishat said on Friday. Hyundai's return to Pakistan will boost the government's efforts to shake up the Japane
Published 04 Feb, 2017 12:00am
ATC issues 'permanent' warrants for Imran, Qadri

ATC issues 'permanent' warrants for Imran, Qadri

An antiterrorism court in Islamabad on Friday issued 'permanent' arrest warrants for Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan and Pakistan Awami Tehreek (PAT) leader Dr Tahir-ul-Qadri. The warrants were issued in a case relating to SSP Asmatulla
Published 04 Feb, 2017 12:00am
ATC issues 'permanent' warrants for Imran, Qadri

ATC issues 'permanent' warrants for Imran, Qadri

An antiterrorism court in Islamabad on Friday issued 'permanent' arrest warrants for Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan and Pakistan Awami Tehreek (PAT) leader Dr Tahir-ul-Qadri. The warrants were issued in a case relating to SSP Asmatulla
Published 04 Feb, 2017 12:00am
India trying to divert world's attention from atrocities: CoAS

India trying to divert world's attention from atrocities: CoAS

Chief of the Army Staff General Qamar Javed Bajwa has said that India was trying to divert world's attention from killing of Kashmiri people and violation of cease-fire at Line of Control (LoC) and Working Boundary (WB). While addressing the officers and
Published 04 Feb, 2017 12:00am
India trying to divert world's attention from atrocities: CoAS

India trying to divert world's attention from atrocities: CoAS

Chief of the Army Staff General Qamar Javed Bajwa has said that India was trying to divert world's attention from killing of Kashmiri people and violation of cease-fire at Line of Control (LoC) and Working Boundary (WB). While addressing the officers and
Published 04 Feb, 2017 12:00am
Spain buses lose competition case against ride-sharing

Spain buses lose competition case against ride-sharing

BlaBlaCar is not guilty of "unfair competition" as alleged by Spanish bus companies, a court ruled, in a first legal victory for the ride-sharing firm which has run into problems in the country. The Spanish Confederation for Bus Transport (Confebus) had b
Published 04 Feb, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (February 03, 2017).

Published 04 Feb, 2017 12:00am
Report brings water woes under the spotlight

Report brings water woes under the spotlight

Former Chairman Wapda Shams-ul-Mulk has said that Pakistan's policymakers have acted like absentee landlords by considering water as their property and poor users simply do not get their share. According to a report of Development Advocate Pakistan (DAP)
Published 04 Feb, 2017 12:00am
Report brings water woes under the spotlight

Report brings water woes under the spotlight

Former Chairman Wapda Shams-ul-Mulk has said that Pakistan's policymakers have acted like absentee landlords by considering water as their property and poor users simply do not get their share. According to a report of Development Advocate Pakistan (DAP)
Published 04 Feb, 2017 12:00am
Report brings water woes under the spotlight

Report brings water woes under the spotlight

Former Chairman Wapda Shams-ul-Mulk has said that Pakistan''s policymakers have acted like absentee landlords by considering water as their property and poor users simply do not get their share. According to a report of Development Advocate Pakistan (DAP)
Published 04 Feb, 2017 12:00am
Report brings water woes under the spotlight

Report brings water woes under the spotlight

Former Chairman Wapda Shams-ul-Mulk has said that Pakistan''''s policymakers have acted like absentee landlords by considering water as their property and poor users simply do not get their share. According to a report of Development Advocate Pakistan (DA
Published 04 Feb, 2017 12:00am
Fatemi meets US ambassador

Fatemi meets US ambassador

The Special Assistant to the Prime Minister Tariq Fatemi, in a meeting with the US Ambassador David Hale this morning, undertook an early year review of the state of Pak-US bilateral relations. Tariq Fatemi and the US Ambassador discussed the prospective
Published 04 Feb, 2017 12:00am
THE RUPEE: firmer trend
Currency

THE RUPEE: firmer trend

A firmer trend was witnessed on the money market on Friday as the rupee managed to recover slightly against the dollar in the process of trading, dealers said. The rupee inched up versus the dollar as the national currency gained three paisas for buying a
Published 04 Feb, 2017 12:00am
Ireland plans new yardstick to tackle 'leprechaun economics'

Ireland plans new yardstick to tackle 'leprechaun economics'

Ireland will use a new yardstick to measure the health of its economy to account for its status as the European base for a number of major multinationals, something that has made a nonsense of conventional measures. Last year alone, growth in gross domest
Published 04 Feb, 2017 12:00am
THE RUPEE: firmer trend
Currency

THE RUPEE: firmer trend

A firmer trend was witnessed on the money market on Friday as the rupee managed to recover slightly against the dollar in the process of trading, dealers said. The rupee inched up versus the dollar as the national currency gained three paisas for buying a
Published 04 Feb, 2017 12:00am
Vegetable shortage triggers UK supermarket rationing

Vegetable shortage triggers UK supermarket rationing

British supermarket giants Tesco and Morrisons said they were rationing vegetable sales on Friday as shoppers tweeted their frustration over widespread shortages caused by bad weather in southern Europe. Courgettes, broccoli, aubergines and salads were ei
Published 04 Feb, 2017 12:00am
Moderate increase in prices
Currency

Moderate increase in prices

It is of course a matter of satisfaction that although the rate of inflation is inching up a little it is still within tolerable limits. According to the latest data released by the Pakistan Bureau of Statistics (PBS), year-on-year inflation in January, 2
Published 04 Feb, 2017 12:00am
Trump's anti-Muslim policy

Trump's anti-Muslim policy

Making good on his campaign promise to ban Muslims from entering the US, President Donald Trump signed an executive order on Friday entitled "Protection of the Nation from Foreign Terrorist Entry into the United States" banning admission of refugees from
Published 04 Feb, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (January 03, 2017).

Published 04 Feb, 2017 12:00am
The Corridor

The Corridor

The global economic, political and social dynamics - after around 70 years - have come full circle. In the 1950s, it was the United States of America that stood high and propagated globalisation of economy in an unprecedented manner. It also sought to lea
Published 04 Feb, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (January 03, 2017).

Published 04 Feb, 2017 12:00am
IFC provides $145 million to FrieslandCampina

IFC provides $145 million to FrieslandCampina

IFC, a member of the World Bank Group, is providing a $145 million finance package to FrieslandCampina, one of the largest dairy producers in the world, in an effort to spur the development of Pakistan's dairy industry (PDI).
Published 04 Feb, 2017 12:00am
Horse gift controversy refuses to die down

Horse gift controversy refuses to die down

The horse gift controversy refuses to die down. According to official documents available with Business Recorder, the Ministry of Defence approached the Economic Co-ordination Committee (ECC) of the Cabinet on January 17, 2017 for "Grant of special exempt
Published 04 Feb, 2017 12:00am
Lawyer approaches LHC over Hafiz's detention

Lawyer approaches LHC over Hafiz's detention

A senior lawyer has approached the Lahore High Court for the recovery of Jamatud Dawa (JuD) chief Hafiz Muhammad Saeed. The petitioner, Sarfraz Hussain contended that Hafiz Saeed has been detained on United Nations' resolution of 2008. The petitioner plea
Published 04 Feb, 2017 12:00am
Pakistan will continue to support Kashmiris: Ahsan

Pakistan will continue to support Kashmiris: Ahsan

Federal Minister for Planning Development and Reforms Professor Ahsan Iqbal has said that Pakistan will continue supporting peaceful freedom movement in Kashmir. He was addressing a seminar in Washington in connection with Kashmir Solidarity Day organised
Published 04 Feb, 2017 12:00am
Make report on Dawn leaks public: PTI

Make report on Dawn leaks public: PTI

Pakistan Tehreek-e-Insaf (PTI) on Friday asked the Prime Minister to make the Dawn inquiry commission report public. In a statement issued here, PTI Central Information Secretary Naeemul Haq said the PTI will not allow any attempt by the government to con
Published 04 Feb, 2017 12:00am
Heroin concealed in power banks recovered

Heroin concealed in power banks recovered

The customs staff of the Model Customs Collectorate (MCC) Islamabad has recovered 660 grams of heroin tactfully concealed inside power banks. According to details, a parcel booked by one Muhammad Zahid Gull, HD Plaza, shop No 11, Peshawar, bearing trackin
Published 04 Feb, 2017 12:00am
PM meets family of late ex-Sindh governor

PM meets family of late ex-Sindh governor

Prime Minister Muhammad Nawaz Sharif Friday visited family members of late Governor of Sindh, Saeed-uz-Zaman Siddiqui, and offered his condolence to them.
Published 04 Feb, 2017 12:00am
JuD to challenge Hafiz Saeed's detention in LHC next week

JuD to challenge Hafiz Saeed's detention in LHC next week

The Jamaat-ud-Dawa (JuD) has decided to challenge recent government actions in Lahore High Court next week under which its chief Hafiz Mohammad Saeed was put under house arrest and the JuD as well as its affiliated Falah-e-Insaniat Foundation (FIF), a cha
Published 04 Feb, 2017 12:00am
Growing economy: Dar emphasises importance of prudent debt management

Growing economy: Dar emphasises importance of prudent debt management

Federal Finance Minister, Ishaq Dar chaired a meeting on matters related to the Debt Policy Co-ordination Office here at the Ministry of Finance on Friday. The Finance Minister emphasised the importance of prudent debt management for a growing economy.
Published 04 Feb, 2017 12:00am
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