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Print - 2017-04-19
Prime Minister directs measures

Prime Minister directs measures

Prime Minister Nawaz Sharif Tuesday expressed annoyance over the laxity by the authorities concerned for not taking pre-emptive measures to cope with loadshedding perceiving the shortage of water in reservoirs and severity of the weather. Chairing a meeti
Published 19 Apr, 2017 12:00am
IMF projects inflation spike

IMF projects inflation spike

International Monetary Fund (IMF) has projected an increase in inflation rate for Pakistan from 2.9 percent in 2016 to 4.3 percent and 5 percent in 2017 and 2018 respectively. The IMF report "World Economic Outlook (WEO) gaining momentum" has projected a
Published 19 Apr, 2017 12:00am
IMF projects inflation spike

IMF projects inflation spike

International Monetary Fund (IMF) has projected an increase in inflation rate for Pakistan from 2.9 percent in 2016 to 4.3 percent and 5 percent in 2017 and 2018 respectively. The IMF report "World Economic Outlook (WEO) gaining momentum" has projected a
Published 19 Apr, 2017 12:00am
IMF warns of growing risks to improving global recovery

IMF warns of growing risks to improving global recovery

The global economic recovery is picking up steam, but the rise of protectionist rhetoric and the threat of trade wars could erode those gains, the International Monetary Fund warned Tuesday. The fund's semi-annual World Economic Outlook report revised glo
Published 19 Apr, 2017 12:00am
IMF warns of growing risks to improving global recovery

IMF warns of growing risks to improving global recovery

The global economic recovery is picking up steam, but the rise of protectionist rhetoric and the threat of trade wars could erode those gains, the International Monetary Fund warned Tuesday. The fund's semi-annual World Economic Outlook report revised glo
Published 19 Apr, 2017 12:00am
IMF warns of growing risks to improving global recovery

IMF warns of growing risks to improving global recovery

The global economic recovery is picking up steam, but the rise of protectionist rhetoric and the threat of trade wars could erode those gains, the International Monetary Fund warned Tuesday. The fund''s semi-annual World Economic Outlook report revised gl
Published 19 Apr, 2017 12:00am
Panamagate case: verdict tomorrow at 2pm

Panamagate case: verdict tomorrow at 2pm

Supreme Court of Pakistan will announce its verdict on the Panamagate case on Thursday (tomorrow) at 2:00pm. A five-member larger bench of the Justice Asif Saeed Khan Khosa reserved the judgement in the matter on February 23, announcement of which after 5
Published 19 Apr, 2017 12:00am
Panamagate case: verdict tomorrow at 2pm

Panamagate case: verdict tomorrow at 2pm

Supreme Court of Pakistan will announce its verdict on the Panamagate case on Thursday (tomorrow) at 2:00pm. A five-member larger bench of the Justice Asif Saeed Khan Khosa reserved the judgement in the matter on February 23, announcement of which after 5
Published 19 Apr, 2017 12:00am
All are waiting with bated breath

All are waiting with bated breath

Prime Minister Nawaz Sharif has summoned his party's bigwigs to a meeting to be held at the Prime Minister's House in Islamabad today at 11 am, Aaj News reported. Pakistan Tehrik-e-Insaf chairman Imran Khan has also called a meeting of his party. Leader o
Published 19 Apr, 2017 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Pakistan Stock Exchange.

Published 19 Apr, 2017 12:00am
All are waiting with bated breath

All are waiting with bated breath

Prime Minister Nawaz Sharif has summoned his party's bigwigs to a meeting to be held at the Prime Minister's House in Islamabad today at 11 am, Aaj News reported. Pakistan Tehrik-e-Insaf chairman Imran Khan has also called a meeting of his party. Leader o
Published 19 Apr, 2017 12:00am
Bearish trend persists

Bearish trend persists

A bearish trend persisted on Pakistan Stock Exchange weighed by selling from local and foreign investors. The benchmark KSE-100 index closed below 47,000 psychological level at 46,874.37 points, down 250.75 points Tuesday. Daily trading volumes slightly i
Published 19 Apr, 2017 12:00am
BOARD MEETINGS
Cotton

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 19 Apr, 2017 12:00am
Bearish trend persists

Bearish trend persists

A bearish trend persisted on Pakistan Stock Exchange weighed by selling from local and foreign investors. The benchmark KSE-100 index closed below 47,000 psychological level at 46,874.37 points, down 250.75 points Tuesday. Daily trading volumes slightly i
Published 19 Apr, 2017 12:00am
Bearish trend persists

Bearish trend persists

A bearish trend persisted on Pakistan Stock Exchange weighed by selling from local and foreign investors. The benchmark KSE-100 index closed below 47,000 psychological level at 46,874.37 points, down 250.75 points Tuesday. Daily trading volumes slightly i
Published 19 Apr, 2017 12:00am
BRIndex30 sheds 34.61 points

BRIndex30 sheds 34.61 points

On Tuesday, BRIndex30 opened at 25,474.31 points. It touched an intraday high of 25,724.48 points and an intraday low of 25,319.71 points and closed at 25,439.70 points which was -34.61 points or -0.14 percent lower than previous close. Total volume was 9
Published 19 Apr, 2017 12:00am
BRIndex30 sheds 34.61 points

BRIndex30 sheds 34.61 points

On Tuesday, BRIndex30 opened at 25,474.31 points. It touched an intraday high of 25,724.48 points and an intraday low of 25,319.71 points and closed at 25,439.70 points which was -34.61 points or -0.14 percent lower than previous close. Total volume was 9
Published 19 Apr, 2017 12:00am
Ban on companies recommended: Senate body against political funding

Ban on companies recommended: Senate body against political funding

The Senate Standing Committee on Finance has strongly recommended a strict ban on companies for making any kind of political funding or taking participation in political activities under the draft Companies Bill 2017. This was recommended by Chairman Stan
Published 19 Apr, 2017 12:00am
Ban on companies recommended: Senate body against political funding

Ban on companies recommended: Senate body against political funding

The Senate Standing Committee on Finance has strongly recommended a strict ban on companies for making any kind of political funding or taking participation in political activities under the draft Companies Bill 2017. This was recommended by Chairman Stan
Published 19 Apr, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (April 18, 2017).

Published 19 Apr, 2017 12:00am
Ban on companies recommended: Senate body against political funding

Ban on companies recommended: Senate body against political funding

The Senate Standing Committee on Finance has strongly recommended a strict ban on companies for making any kind of political funding or taking participation in political activities under the draft Companies Bill 2017. This was recommended by Chairman Stan
Published 19 Apr, 2017 12:00am
International conference on bioethics opens at SIUT

International conference on bioethics opens at SIUT

A three-day international collaborative conference on bioethics which opened here on Tuesday called for enhancing the agenda of bioethics globally. The conference is jointly organised by the Centre of Bioethics and Culture (CEBEC) of SIUT and their counte
Published 19 Apr, 2017 12:00am
Air-conditioned buses launched for Sikh pilgrims

Air-conditioned buses launched for Sikh pilgrims

Lahore Transport Company with the collaboration of its private transport operator has commenced 20 Air-Conditioned CNG Buses to facilitate the Sikh pilgrims who are visiting Pakistan to observe their religious rituals. Unlike previous year LTC is plying e
Published 19 Apr, 2017 12:00am
No protest allowed on The Mall, LHC told

No protest allowed on The Mall, LHC told

The Lahore High Court on Tuesday disposed off a petition against protest and rallies on The Mall road, Lahore, after police assured to implement the law. A law officer giving undertaking on behalf of the police said that the ban on protest on The Mall was
Published 19 Apr, 2017 12:00am
ACCA President explains importance of governance

ACCA President explains importance of governance

ACCA President, Brian McEnery hosted an event at Serena Islamabad for the Auditor General of Pakistan, World Bank and the provincial governments to demonstrate its commitment to enhance transparency, accountability, reporting and capacity building in the
Published 19 Apr, 2017 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

The rupee managed to hold the overnight firmness against the dollar on the money market on Tuesday in the process of trading, dealers said. The rupee was unchanged versus the dollar for buying and selling at Rs 104.86 and Rs 104.87 respectively, they said
Published 19 Apr, 2017 12:00am
ANF seizes huge cache of drugs, rounds up 7 drug traffickers

ANF seizes huge cache of drugs, rounds up 7 drug traffickers

Anti Narcotics Force Pakistan in nine countrywide operations seized huge cache of drugs weighing 9.551 ton amounting Rs 24.76 billion internationally and rounded up seven persons involved in drug trafficking, also impounding four vehicles being used in tr
Published 19 Apr, 2017 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

The rupee managed to hold the overnight firmness against the dollar on the money market on Tuesday in the process of trading, dealers said. The rupee was unchanged versus the dollar for buying and selling at Rs 104.86 and Rs 104.87 respectively, they said
Published 19 Apr, 2017 12:00am
National Assembly condemns lynching of student

National Assembly condemns lynching of student

The National Assembly on Tuesday passed a resolution unanimously to condemn the barbaric and cold-blooded murder of Mashal Khan, a student of Abdul Wali Khan University Mardan who was killed on blasphemy charges, and expressed its resolve to insert strong
Published 19 Apr, 2017 12:00am
National Assembly condemns lynching of student

National Assembly condemns lynching of student

The National Assembly on Tuesday passed a resolution unanimously to condemn the barbaric and cold-blooded murder of Mashal Khan, a student of Abdul Wali Khan University Mardan who was killed on blasphemy charges, and expressed its resolve to insert strong
Published 19 Apr, 2017 12:00am
Asif explains how India exploiting rivers

Asif explains how India exploiting rivers

The government on Tuesday informed the Senate that after the signing of Indus Water Treaty, 1960, India has completed as many as 52 hydroelectric plants, another 32 are under construction while 103 others are at planning stage on Rivers Indus, Jhelum and
Published 19 Apr, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (April 18, 2017).

Published 19 Apr, 2017 12:00am
Asif explains how India exploiting rivers

Asif explains how India exploiting rivers

The government on Tuesday informed the Senate that after the signing of Indus Water Treaty, 1960, India has completed as many as 52 hydroelectric plants, another 32 are under construction while 103 others are at planning stage on Rivers Indus, Jhelum and
Published 19 Apr, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (April 18, 2017).

Published 19 Apr, 2017 12:00am
Asif explains how India exploiting rivers

Asif explains how India exploiting rivers

The government on Tuesday informed the Senate that after the signing of Indus Water Treaty, 1960, India has completed as many as 52 hydroelectric plants, another 32 are under construction while 103 others are at planning stage on Rivers Indus, Jhelum and
Published 19 Apr, 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 (April 18, 2017).

Published 19 Apr, 2017 12:00am
SBP revises PRs for housing finance

SBP revises PRs for housing finance

The State Bank of Pakistan (SBP), in consultation with the stakeholders, has revised the Prudential Regulations (PRs) for housing finance aimed at further streamlining and promoting the housing finance. According to IH&SMEFD Circular No. 03 of 2017 issued
Published 19 Apr, 2017 12:00am
SBP revises PRs for housing finance

SBP revises PRs for housing finance

The State Bank of Pakistan (SBP), in consultation with the stakeholders, has revised the Prudential Regulations (PRs) for housing finance aimed at further streamlining and promoting the housing finance. According to IH&SMEFD Circular No. 03 of 2017 issued
Published 19 Apr, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (April 18, 2017)

Published 19 Apr, 2017 12:00am
SBP revises PRs for housing finance

SBP revises PRs for housing finance

The State Bank of Pakistan (SBP), in consultation with the stakeholders, has revised the Prudential Regulations (PRs) for housing finance aimed at further streamlining and promoting the housing finance. According to IH&SMEFD Circular No. 03 of 2017 issued
Published 19 Apr, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (April 18, 2017).

Published 19 Apr, 2017 12:00am
15 injured as Jaffar Express derails near Gujranwala

15 injured as Jaffar Express derails near Gujranwala

Four bogies of Quetta-bound Jaffar Express on Tuesday derailed near Gujranwala as passengers remained safe except injuries to some. Pakistan Railways sources quoting initial reports said the train driver found the track uneven near Aminabad Mor and he imm
Published 19 Apr, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (April 18, 2017).

Published 19 Apr, 2017 12:00am
15 injured as Jaffar Express derails near Gujranwala

15 injured as Jaffar Express derails near Gujranwala

Four bogies of Quetta-bound Jaffar Express on Tuesday derailed near Gujranwala as passengers remained safe except injuries to some. Pakistan Railways sources quoting initial reports said the train driver found the track uneven near Aminabad Mor and he imm
Published 19 Apr, 2017 12:00am
The Weather

The Weather

The weather report on Tuesday (April 18, 2017) and the forecast for Wednesday (April 19, 2017).

Published 19 Apr, 2017 12:00am
Employment of proxies: CoAS rejects allegations

Employment of proxies: CoAS rejects allegations

Army Chief General Qamar Javed Bajwa says Pakistan itself is a victim of state-sponsored terrorism and strongly rejects allegations of employing proxies from its soil. Giving details of his meeting with US National Security Advisor General H R McMaster, I
Published 19 Apr, 2017 12:00am
Employment of proxies: CoAS rejects allegations

Employment of proxies: CoAS rejects allegations

Army Chief General Qamar Javed Bajwa says Pakistan itself is a victim of state-sponsored terrorism and strongly rejects allegations of employing proxies from its soil. Giving details of his meeting with US National Security Advisor General H R McMaster, I
Published 19 Apr, 2017 12:00am
Mallya granted bail in London extradition hearing

Mallya granted bail in London extradition hearing

Flamboyant businessman Vijay Mallya, pursued by Indian authorities over unpaid loans tied to his defunct Kingfisher Airlines, was arrested in London on Tuesday and appeared in court for an extradition hearing. A source close to Mallya said he attended a p
Published 19 Apr, 2017 12:00am
Mallya granted bail in London extradition hearing

Mallya granted bail in London extradition hearing

Flamboyant businessman Vijay Mallya, pursued by Indian authorities over unpaid loans tied to his defunct Kingfisher Airlines, was arrested in London on Tuesday and appeared in court for an extradition hearing. A source close to Mallya said he attended a p
Published 19 Apr, 2017 12:00am
Mallya granted bail in London extradition hearing

Mallya granted bail in London extradition hearing

Flamboyant businessman Vijay Mallya, pursued by Indian authorities over unpaid loans tied to his defunct Kingfisher Airlines, was arrested in London on Tuesday and appeared in court for an extradition hearing. A source close to Mallya said he attended a p
Published 19 Apr, 2017 12:00am
Forced loadshedding: Ministry maintaining meaningful silence

Forced loadshedding: Ministry maintaining meaningful silence

The current electricity crisis and subsequent protests across Pakistan appear to mirror what was witnessed during the government of Pakistan Peoples Party (PPP) when shortfall reached 7,000MW during the scorching summer months. The country is again facing
Published 19 Apr, 2017 12:00am
Forced loadshedding: Ministry maintaining meaningful silence

Forced loadshedding: Ministry maintaining meaningful silence

The current electricity crisis and subsequent protests across Pakistan appear to mirror what was witnessed during the government of Pakistan Peoples Party (PPP) when shortfall reached 7,000MW during the scorching summer months. The country is again facing
Published 19 Apr, 2017 12:00am
Forced loadshedding: Ministry maintaining meaningful silence

Forced loadshedding: Ministry maintaining meaningful silence

The current electricity crisis and subsequent protests across Pakistan appear to mirror what was witnessed during the government of Pakistan Peoples Party (PPP) when shortfall reached 7,000MW during the scorching summer months. The country is again facing
Published 19 Apr, 2017 12:00am
Prime Minister directs measures

Prime Minister directs measures

Prime Minister Nawaz Sharif Tuesday expressed annoyance over the laxity by the authorities concerned for not taking pre-emptive measures to cope with loadshedding perceiving the shortage of water in reservoirs and severity of the weather. Chairing a meeti
Published 19 Apr, 2017 12:00am
NAB arrests FCS ex-vice chairman

NAB arrests FCS ex-vice chairman

NAB Karachi has arrested accused Sultan Qamar Siddiqui, ex-vice chairman, Fishermen Co-operative Society from Gulstan-e-Jouhar Karachi on Tuesday. After completion of investigation Reference No 12/2017 was filed before Accountability Court Karachi. Honour
Published 19 Apr, 2017 12:00am
CPEC will boost Pak-AJK trade ties: Sardar Masood

CPEC will boost Pak-AJK trade ties: Sardar Masood

President Azad Jammu & Kashmir Sardar Masood Khan has said that CPEC will open new vistas of opportunities and strength the relations between Pakistan and AJ&K. "The day is not very far when Pakistan will be ranked among developed countries. CPEC will fur
Published 19 Apr, 2017 12:00am
Slot of Nazim: SC bars PTI leader from filing nomination

Slot of Nazim: SC bars PTI leader from filing nomination

The Supreme Court barred Pakistan Tehreek-e-Insaf leader Sardar Sher Bahadar from filing nomination paper for the slot of district nazim Abbottabad. Sardar Sher Bahadur was elected on PTI ticket, but he changed his loyalties for the district council elect
Published 19 Apr, 2017 12:00am
Zardari condoles Iftikhar Jhagra's death

Zardari condoles Iftikhar Jhagra's death

Former President Asif Ali Zardari has condoled the death of PPP leader and former member Khyber Pakhtunkhwa Assembly Iftikhar Jhagra, according to a PR issued here on Tuesday. Former President in a condolence message paid rich tributes to Iftikhar Jhagra
Published 19 Apr, 2017 12:00am
Teacher describes facing mob that lynched Mashal

Teacher describes facing mob that lynched Mashal

A teacher has described the moment he was accosted by a mob which lynched a liberal student accused of blasphemy - an attack which has triggered shock, outrage and fear across the country.Hundreds of men attacked journalism student Mashal Khan last Thursd
Published 19 Apr, 2017 12:00am
Target killer among 11 suspects held

Target killer among 11 suspects held

Karachi Police on Tuesday claimed to have arrested as many as 11 accused including a target killer in their separate raids as part of the ongoing Karachi Operation here. According to details, police arrested an accused Yaqoob associated with Darwaish Afre
Published 19 Apr, 2017 12:00am
Bilawal endorses protests against loadshedding

Bilawal endorses protests against loadshedding

Chairman Pakistan People's Party (PPP) Bilawal Bhutto has approved holding of protests against load shedding in the country. He asked the central leadership of party to finalize schedule for protests against load shedding in the country. Already, the oppo
Published 19 Apr, 2017 12:00am
Ministry not fixing transmission system loopholes: experts

Ministry not fixing transmission system loopholes: experts

The power sector experts have blamed the ministry of water and power for not fixing the transmission system loopholes ahead of rise in mercury, a negligence costing heavily to the government. They said fragile transmission system was responsible for repea
Published 19 Apr, 2017 12:00am
K-E asks education dept to clear dues

K-E asks education dept to clear dues

K-Electric asked the director of schools and education on Tuesday to clear the schools' outstanding power dues of over Rs 200 million. Power disconnected in some examination centres because of non-payment of dues has been temporarily restored, according t
Published 19 Apr, 2017 12:00am
CPEC to ensure energy, investment & competent human resources: Ahsan

CPEC to ensure energy, investment & competent human resources: Ahsan

Federal Minister for Planning, Development and Reforms Ahsan Iqbal has said that the present government will establish campuses of various universities in every district of the country in a bid to provide higher studies to the students of downtrodden area
Published 19 Apr, 2017 12:00am
Drastic decline of candidates in CSS exam: VC

Drastic decline of candidates in CSS exam: VC

Dr Ajmal Khan, vice chancellor, University of Karachi, has said that annual percentage of the candidates at the exams of Central Superior Services (CSS) has been decreasing drastically because the eligible educated youths prefer private sector in view of
Published 19 Apr, 2017 12:00am
Haier to assemble laptops in Pakistan

Haier to assemble laptops in Pakistan

Haier Pakistan has chalked up another achievement, becoming the first company in Pakistan to assemble laptops - a development that puts Pakistan on the road to acquiring the necessary expertise in the manufacture of hi-tech electronics. As a result Haier
Published 19 Apr, 2017 12:00am
PRL posts Rs 375.322 million PAT

PRL posts Rs 375.322 million PAT

The profit after tax of Pakistan Refinery Limited (PRL) stood at Rs 375.322 million in the quarter ended March 31, 2017 as compared to Rs 651.430 million earned in the corresponding quarter in 2016. The board of directors of the company in its meeting hel
Published 19 Apr, 2017 12:00am
PRL posts Rs 375.322 million PAT

PRL posts Rs 375.322 million PAT

The profit after tax of Pakistan Refinery Limited (PRL) stood at Rs 375.322 million in the quarter ended March 31, 2017 as compared to Rs 651.430 million earned in the corresponding quarter in 2016. The board of directors of the company in its meeting hel
Published 19 Apr, 2017 12:00am
Cotton production rises by 10 percent
Cotton

Cotton production rises by 10 percent

Cotton production for year 2016-17 ended with a total output rising by 10 percent to 10.7 million bales, said Cotton Ginners Forum. Cotton production appreciated from last year's level of 9.7 million bales, but the production was higher because during 201
Published 19 Apr, 2017 12:00am
Pak-Turkey FTA now matter of weeks
Cotton

Pak-Turkey FTA now matter of weeks

The inking of Free Trade Agreement (FTA) between Pakistan and Turkey is reportedly now a matter of weeks as both sides were waiting for Recep Tayyip Erdogan victory in the Constitutional referendum, well informed sources told Business Recorder. Pre
Published 19 Apr, 2017 12:00am
Banking sector: NIBF provides highly trained manpower: Achakzai

Banking sector: NIBF provides highly trained manpower: Achakzai

National Institute of Banking and Finance (NIBF) is playing a major role to provide highly trained manpower for the banking sector of Pakistan as well as other regional countries, said Allahuddin Achakzai, Senior Joint Director and Training Manager NIBF.
Published 19 Apr, 2017 12:00am
Ex-PU professor found murdered

Ex-PU professor found murdered

A retired professor of the Punjab University was found murdered at her university's residence here on Tuesday morning, police said. They said Professor Tahira Abdullah was hired by the PU on contractual basis after she retired from the varsity's Departmen
Published 19 Apr, 2017 12:00am
LTIA's exhibition opens

LTIA's exhibition opens

The Lahore Township Industrial Association has organised a two-day exhibition under the theme of "Made in Kot Lakhpat Industrial Expo." Pakistan Industrial and Traders Association Front's patron-in-chief Mian Anjum Nisar along with LTIA Chairman Khaldoon
Published 19 Apr, 2017 12:00am
LCCI for shifting industrial connections from RLNG to Sui gas

LCCI for shifting industrial connections from RLNG to Sui gas

The Lahore Chamber of Commerce and Industry (LCCI) has demanded of the Sui Northern Gas Pipeline Limited (SNGPL) to shift back the industrial connections from RLNG to the Sui gas. LCCI President Abdul Basit in a statement on Tuesday said the LCCI members
Published 19 Apr, 2017 12:00am