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Print - 2017-03-07
PSA targets Opel turnaround as GM exits Europe

PSA targets Opel turnaround as GM exits Europe

France''s PSA Group plans to buy Opel from General Motors in a deal valuing the business at 2.2 billion euros ($2.3 billion), creating a new European car company to challenge market leader Volkswagen.
Published 07 Mar, 2017 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 07 Mar, 2017 12:00am
Gold little changed in Asia

Gold little changed in Asia

Gold was little changed on Monday, supported by safe haven interest amid rising geopolitical tensions over North Korea and a weaker dollar. Investors are closely watching developments after the reclusive state fired four ballistic missiles into the sea of
Published 07 Mar, 2017 12:00am
Trump signs revised travel ban, exempts Iraqis

Trump signs revised travel ban, exempts Iraqis

US President Donald Trump signed a revised ban on travellers from six Muslim-majority nations Monday, scaling back the order to exempt Iraqis and permanent US residents. With his first attempt frozen by federal courts, Trump signed a second order halting
Published 07 Mar, 2017 12:00am
Cocoa consolidates, sugar and coffee edge higher

Cocoa consolidates, sugar and coffee edge higher

New York cocoa futures were little changed on Monday, with the market's rebound from last week's 9-1/2 year low appearing to have run out of steam, while raw sugar and coffee edged higher. May New York cocoa rose $1, or 0.05 percent, to $1,956 a tonne by
Published 07 Mar, 2017 12:00am
Trump signs revised travel ban, exempts Iraqis

Trump signs revised travel ban, exempts Iraqis

US President Donald Trump signed a revised ban on travellers from six Muslim-majority nations Monday, scaling back the order to exempt Iraqis and permanent US residents. With his first attempt frozen by federal courts, Trump signed a second order halting
Published 07 Mar, 2017 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 07 Mar, 2017 12:00am
Palm oil up for fifth day tracking stronger soyaoil

Palm oil up for fifth day tracking stronger soyaoil

Malaysian palm oil futures climbed to their highest levels in two weeks on Monday, charting a fifth straight day of gains on stronger soyaoil and forecasts of weaker output.
Published 07 Mar, 2017 12:00am
Economy back on track, Prime Minister tells moneyed sheikhs

Economy back on track, Prime Minister tells moneyed sheikhs

Prime Minister Muhammad Nawaz Sharif on Monday said that Pakistan offered an ideal and conducive environment for foreign investments urging the Kuwaiti business community to explore investment opportunities in Pakistan.
Published 07 Mar, 2017 12:00am
Economy back on track, Prime Minister tells moneyed sheikhs

Economy back on track, Prime Minister tells moneyed sheikhs

Prime Minister Muhammad Nawaz Sharif on Monday said that Pakistan offered an ideal and conducive environment for foreign investments urging the Kuwaiti business community to explore investment opportunities in Pakistan.
Published 07 Mar, 2017 12:00am
Economy back on track, Prime Minister tells moneyed sheikhs

Economy back on track, Prime Minister tells moneyed sheikhs

Prime Minister Muhammad Nawaz Sharif on Monday said that Pakistan offered an ideal and conducive environment for foreign investments urging the Kuwaiti business community to explore investment opportunities in Pakistan.
Published 07 Mar, 2017 12:00am
Rubber rises
Currency

Rubber rises

Benchmark Tokyo rubber futures ended up 1.1 percent on Monday after hitting their highest in more than a week earlier, but the gains were capped by a stronger yen, which makes Japanese currency-denominated assets more expensive when purchased in other cur
Published 07 Mar, 2017 12:00am
Parliamentary body reaches consensus on lifetime ban

Parliamentary body reaches consensus on lifetime ban

The Parliamentary Committee on National Accountability Law on Monday reached a consensus that any person or office-holder who is convicted of corrupt practices would be banned from holding any public or government office for lifetime.
Published 07 Mar, 2017 12:00am
Parliamentary body reaches consensus on lifetime ban

Parliamentary body reaches consensus on lifetime ban

The Parliamentary Committee on National Accountability Law on Monday reached a consensus that any person or office-holder who is convicted of corrupt practices would be banned from holding any public or government office for lifetime.
Published 07 Mar, 2017 12:00am
Nigeria says 80 illegal oil refiners shut down

Nigeria says 80 illegal oil refiners shut down

Nigerian troops have destroyed 80 oil refineries in the restive Niger Delta region in the last 10 days, a military spokesman said on Monday, weeks after the vice president said work needs to be offered to people who make a living from the practice.
Published 07 Mar, 2017 12:00am
Corruption decreases in Pakistan: Transparency International

Corruption decreases in Pakistan: Transparency International

The Berlin-based Transparency International (TI) in its corruption barometer index of Asia, 2016 has claimed that corruption in Pakistan has decreased from 2013 to 2016. Approximately 900 million -or just over one in four - people living in 16 countries i
Published 07 Mar, 2017 12:00am
Copper slips as investors worry about fundamentals

Copper slips as investors worry about fundamentals

Copper prices fell to a more than one-week low on Monday on concerns the metal had extended too much but supply disruptions at the world's two biggest copper mines provided some support. Three-month copper on the London Metal Exchange closed 1 percent low
Published 07 Mar, 2017 12:00am
Corruption decreases in Pakistan: Transparency International

Corruption decreases in Pakistan: Transparency International

The Berlin-based Transparency International (TI) in its corruption barometer index of Asia, 2016 has claimed that corruption in Pakistan has decreased from 2013 to 2016. Approximately 900 million -or just over one in four - people living in 16 countries i
Published 07 Mar, 2017 12:00am
Shanghai copper dips

Shanghai copper dips

Shanghai Futures Exchange copper slipped by 0.5 percent to 47,890 yuan ($6,945) a tonne on Monday amid risk-off sentiment in broader markets, but supported by protracted disruptions at the world's two biggest copper mines.
Published 07 Mar, 2017 12:00am
PPPP for 'checks' on military courts

PPPP for 'checks' on military courts

Pakistan People's Party Parliamentarians (PPPP) on Monday announced nine recommendations for extension in the tenure of military courts, proposing a one-year tenure for each court to be presided over by one sessions or additional sessions judge along with
Published 07 Mar, 2017 12:00am
Dar's observations
Currency

Dar's observations

Whatever the situation on the ground, Finance Minister Ishaq Dar has earned the reputation of making tall claims. He has also exhibited his dexterity in one key area of human activity: he is good at giving a positive spin to economic indicators. Talking t
Published 07 Mar, 2017 12:00am
PPPP for 'checks' on military courts

PPPP for 'checks' on military courts

Pakistan People's Party Parliamentarians (PPPP) on Monday announced nine recommendations for extension in the tenure of military courts, proposing a one-year tenure for each court to be presided over by one sessions or additional sessions judge along with
Published 07 Mar, 2017 12:00am
PSL final

PSL final

Since the launch of the Radd-ul-Fasaad operation, which took the terrorists head-on, seems to be the determined policy of the government. When evidence emerged that the carnage at the shrine of Lal Shahbaz Qalandar and suicide-bombing opposite the Punjab
Published 07 Mar, 2017 12:00am
Growth and inequality
Cotton

Growth and inequality

The Pakistan Bureau of Statistics (PBS) has released recently the findings from the Household Integrated Economic Survey (HIES) of 2015-16. There is need to appreciate the efforts of PBS in undertaking this survey frequently and analyzing the data so rapi
Published 07 Mar, 2017 12:00am
After cricket final, no room for complacency

After cricket final, no room for complacency

Pakistan, the Cricket Board (PCB), the government and the security forces are to be congratulated on managing to stage the Pakistan Super League (PSL) cricket final successfully and without incident in Lahore on March 5. Pakistani cricket-starved fans sho
Published 07 Mar, 2017 12:00am
Escalation in ship attacks pushes Yemen towards starvation

Escalation in ship attacks pushes Yemen towards starvation

Cruise missiles, floating mines and a remote-controlled boat have been deployed to attack ships in Yemen in recent months, changing the dynamic of the two-year-old war and pushing the country closer to famine, shipping and aid officials say.
Published 07 Mar, 2017 12:00am
SECP launches crackdown on in-house badla

SECP launches crackdown on in-house badla

The Securities and Exchange Commission of Pakistan (SECP) has launched a crackdown against illegal mode of financing (in-house badla) by the brokers through an extensive inspection, investigation and enforcement programme.
Published 07 Mar, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (March 06, 2017).

Published 07 Mar, 2017 12:00am
South Korea: a land of peace and prosperity

South Korea: a land of peace and prosperity

Travel broadens the horizons of the mind and gives an understanding of the mysteries of the universe. Being a journalist, I have always had this yearning to visit far off lands to learn first-hand about other people and their cultures.
Published 07 Mar, 2017 12:00am
SECP launches crackdown on in-house badla

SECP launches crackdown on in-house badla

The Securities and Exchange Commission of Pakistan (SECP) has launched a crackdown against illegal mode of financing (in-house badla) by the brokers through an extensive inspection, investigation and enforcement programme.
Published 07 Mar, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (March 06, 2017).

Published 07 Mar, 2017 12:00am
Pakgen Power Limited

Pakgen Power Limited

Pakgen Power Limited (PSX: PKGP) was incorporated in 1995 with the registered head office based out of Lahore. The company originally started its commercial operations in February 1998. The principal activities of the power company are to own, operate and
Published 07 Mar, 2017 12:00am
SECP launches crackdown on in-house badla

SECP launches crackdown on in-house badla

The Securities and Exchange Commission of Pakistan (SECP) has launched a crackdown against illegal mode of financing (in-house badla) by the brokers through an extensive inspection, investigation and enforcement programme.
Published 07 Mar, 2017 12:00am
Pakgen Power Limited

Pakgen Power Limited

Pakgen Power Limited (PSX: PKGP) was incorporated in 1995 with the registered head office based out of Lahore. The company originally started its commercial operations in February 1998. The principal activities of the power company are to own, operate and
Published 07 Mar, 2017 12:00am
Index sheds 188.92 points
Cotton

Index sheds 188.92 points

Pakistan Stock Exchange (PSX) opened on a positive note Monday. The benchmark KSE-100 index hit 49,839.20 points intra-day high, up by 217 points. However, the market witnessed heavy selling pressure at the fag end as investors opted to book profit that p
Published 07 Mar, 2017 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 30 December, 2016.

Published 07 Mar, 2017 12:00am
BISP and CSR

BISP and CSR

An efficient approach to Corporate Social Responsibility (CSR) investment is likely to produce the most constructive results for both these businesses and society as it is likely to establish the most efficient and effective distribution of resources from
Published 07 Mar, 2017 12:00am
Index sheds 188.92 points
Cotton

Index sheds 188.92 points

Pakistan Stock Exchange (PSX) opened on a positive note Monday. The benchmark KSE-100 index hit 49,839.20 points intra-day high, up by 217 points. However, the market witnessed heavy selling pressure at the fag end as investors opted to book profit that p
Published 07 Mar, 2017 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 30 December, 2016.

Published 07 Mar, 2017 12:00am
Index sheds 188.92 points
Cotton

Index sheds 188.92 points

Pakistan Stock Exchange (PSX) opened on a positive note Monday. The benchmark KSE-100 index hit 49,839.20 points intra-day high, up by 217 points. However, the market witnessed heavy selling pressure at the fag end as investors opted to book profit that p
Published 07 Mar, 2017 12:00am
'Punjab Gender Parity Report 2017' launched

'Punjab Gender Parity Report 2017' launched

Punjab Chief Minister Muhammad Shahbaz Sharif on Monday said Pakistan cannot progress without empowering women and extending them equal opportunities for success.
Published 07 Mar, 2017 12:00am
BRIndex30 sheds 92.51 points

BRIndex30 sheds 92.51 points

On Monday, BRIndex30 opened at 28,706.46 points. It touched an intraday high of 28,974.84 points and an intraday low of 28,479.29 points and closed at 28,613.95 points which was -92.51 points or -0.32 percent lower than previous close. Total volume was 22
Published 07 Mar, 2017 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (March 06, 2017).

Published 07 Mar, 2017 12:00am
AJ&K Income Tax Act to maintain parity

AJ&K Income Tax Act to maintain parity

The adoption of the AJ&K Income Tax (Adaptation and Validation) Act, 2016 by Azad Jammu and Kashmir (AJK) government would maintain parity between income tax law in AJK and Income Tax regime in Pakistan.
Published 07 Mar, 2017 12:00am
BRIndex30 sheds 92.51 points

BRIndex30 sheds 92.51 points

On Monday, BRIndex30 opened at 28,706.46 points. It touched an intraday high of 28,974.84 points and an intraday low of 28,479.29 points and closed at 28,613.95 points which was -92.51 points or -0.32 percent lower than previous close. Total volume was 22
Published 07 Mar, 2017 12:00am
Air Chief awards badges to participants of Uqaab Force

Air Chief awards badges to participants of Uqaab Force

The Badge award ceremony of 2nd special advanced training course of Uqaab Force was held at PAF Base Kallar Kahar on Monday. According to a press release of PAF, Chief of the Air Staff Air Chief Marshal Sohail Aman was the chief guest on the occasion. A t
Published 07 Mar, 2017 12:00am
Talks on Indus Waters Treaty on March 20

Talks on Indus Waters Treaty on March 20

Pakistan and India will hold talks on various aspects of the Indus Waters Treaty (IWT) in Lahore on 20 and 21 March. The meeting of the Permanent Indus Commission (PIC) will take place nearly six months after New Delhi decided to suspend talks on the pact
Published 07 Mar, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (March 06, 2017)

Published 07 Mar, 2017 12:00am
KP government urged to open milk and meat farms

KP government urged to open milk and meat farms

Livestock farmers have urged Khyber Pakhtunkhwa government to open milk and meat farms and facilitate local people because they were facing shortage of quality in the province. This suggestion was given by the newly elected office bearers of Livestock Ass
Published 07 Mar, 2017 12:00am
Talks on Indus Waters Treaty on March 20

Talks on Indus Waters Treaty on March 20

Pakistan and India will hold talks on various aspects of the Indus Waters Treaty (IWT) in Lahore on 20 and 21 March. The meeting of the Permanent Indus Commission (PIC) will take place nearly six months after New Delhi decided to suspend talks on the pact
Published 07 Mar, 2017 12:00am
Talks on Indus Waters Treaty on March 20

Talks on Indus Waters Treaty on March 20

Pakistan and India will hold talks on various aspects of the Indus Waters Treaty (IWT) in Lahore on 20 and 21 March. The meeting of the Permanent Indus Commission (PIC) will take place nearly six months after New Delhi decided to suspend talks on the pact
Published 07 Mar, 2017 12:00am
State Bank of Pakistan conversion rates
Currency

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 07 Mar, 2017 12:00am
Five troops martyred, 10 militants killed in border raid

Five troops martyred, 10 militants killed in border raid

Five soldiers martyred and 10 militants killed in a co-ordinated overnight raid at several border posts on the frontier with Afghanistan, the military said Monday. The fighting took place in Mohmand, one of tribal districts that form a buffer zone between
Published 07 Mar, 2017 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 07 Mar, 2017 12:00am
Five troops martyred, 10 militants killed in border raid

Five troops martyred, 10 militants killed in border raid

Five soldiers martyred and 10 militants killed in a co-ordinated overnight raid at several border posts on the frontier with Afghanistan, the military said Monday. The fighting took place in Mohmand, one of tribal districts that form a buffer zone between
Published 07 Mar, 2017 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Monday (March 06, 2017).

Published 07 Mar, 2017 12:00am
Border crossings to be reopened for two days

Border crossings to be reopened for two days

Pakistan on Monday decided to open border crossings at Torkham and Chaman only for two days - Tuesday and Wednesday - to facilitate those Afghan nationals who had come to the country on valid visas, and wish to return to their country.
Published 07 Mar, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (March 06, 2017).

Published 07 Mar, 2017 12:00am
Border crossings to be reopened for two days

Border crossings to be reopened for two days

Pakistan on Monday decided to open border crossings at Torkham and Chaman only for two days - Tuesday and Wednesday - to facilitate those Afghan nationals who had come to the country on valid visas, and wish to return to their country.
Published 07 Mar, 2017 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 07 Mar, 2017 12:00am
Currency notes: exchange rates
Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Monday (March 06, 2017).

Published 07 Mar, 2017 12:00am
Afghan envoy summoned

Afghan envoy summoned

Pakistan on Monday lodged a strong protest with Afghanistan over the cross-border terrorist attack, which resulted in loss of 6 soldiers, and urged the Afghan government to take firm action against the terrorists operating from its soil. "5 Pakistani sold
Published 07 Mar, 2017 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 07 Mar, 2017 12:00am
Afghan envoy summoned

Afghan envoy summoned

Pakistan on Monday lodged a strong protest with Afghanistan over the cross-border terrorist attack, which resulted in loss of 6 soldiers, and urged the Afghan government to take firm action against the terrorists operating from its soil. "5 Pakistani sold
Published 07 Mar, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (March 06, 2017).

Published 07 Mar, 2017 12:00am
Tribunal formed to investigate PSL fixing

Tribunal formed to investigate PSL fixing

Pakistan on Monday formed a three-member tribunal headed by a former judge to investigate a spot-fixing case allegedly involving two players in a recent Twenty20 league match. Sharjeel Khan and Khalid Latif were unceremoniously sent home after the first m
Published 07 Mar, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (March 06, 2017).

Published 07 Mar, 2017 12:00am
Tribunal formed to investigate PSL fixing

Tribunal formed to investigate PSL fixing

Pakistan on Monday formed a three-member tribunal headed by a former judge to investigate a spot-fixing case allegedly involving two players in a recent Twenty20 league match. Sharjeel Khan and Khalid Latif were unceremoniously sent home after the first m
Published 07 Mar, 2017 12:00am