News Archives for Print - 2017-05-12

Heads of committees: TAAP rejects FPCCI's nominations

The Travel Agents Association of Pakistan (TAAP) has outright rejected the nominations by the Federation of Chambers of Commerce & Industry (FPCCI) of head of the standing committee on aviation, travel and tourism and the Hajj organising committee, and de

Published 12 May, 2017 12:00am

Exchange

SMEDA sets up Sialkot business center

With a view to facilitate export industry, the Small and Medium Enterprises Development Authority (SMEDA) has set up Sialkot Business and Commerce Center in Sialkot with a cost of Rs 312.94 million. The grey structure of the project has been completed whi

Published 12 May, 2017 12:00am

ACCA leaders discuss way-forward at SAFA conference

Association of Chartered Certified Accountants (ACCA) was the strategic partner at the 'SAFA International Conference-SAARC Economic Challenges 2017' held recently in Islamabad. The annual conference seeks to address the rising challenges and opportunitie

Published 12 May, 2017 12:00am

Joint efforts needed to enhance bilateral trade: Swiss envoy

Swiss Ambassador to Pakistan Marc P George has said that joint efforts are needed to boost bilateral trade volume between Switzerland and Pakistan. Addressing the members of Sialkot Chamber of Commerce and Industry (SCCI) on Thursday he said that Swiss-Pa

Published 12 May, 2017 12:00am

Army withdraws tweet

It is a matter of great satisfaction that the military has withdrawn its tweet through which it rejected a notification issued by Prime Minister's Office in response to an inquiry committee's recommendations on the Dawn Leaks. It had unnecessarily suggest

Published 12 May, 2017 12:00am

Suspected Russia-backed hackers target Baltic energy networks

Suspected Russia-backed hackers have launched exploratory cyber attacks against the energy networks of the Baltic states, sources said, raising security concerns inside the West's main military alliance, Nato. Lithuania, Latvia and Estonia, all members of

Published 12 May, 2017 12:00am

Make-believe democracy

Such is the terror of possible retribution by those in governance that even a man of AD Khowaja's conscience and inherent integrity finds it impossible as IG Police Sindh to function unless he "unscrupulously" implements "party in power's law" in Sindh. K

Published 12 May, 2017 12:00am

Exchange

Public power is sacred trust

All public power is a sacred trust, which is to be exercised fairly, justly, honestly and in accordance with law-Supreme Court in Workers' Party Pakistan & Others v Federation of Pakistan & Others [PLD 2012 Supreme Court 681] In the wake of cases of disqu

Published 12 May, 2017 12:00am

More Nato troops in Afghanistan?

As if more war is the only solution to the Afghan imbroglio, Nato is assessing the need to send more troops to Afghanistan. They won't be a combat mission but act as trainers and advisers to government forces, says Nato secretary general Jens Stoltenburg.

Published 12 May, 2017 12:00am

Using USF for budget support

Chairman of the National Assembly Standing Committee on Information Technology and Telecommunications, Prime Minister's son-in-law, Captain Safdar (Retd), stated that annual collections under Universal Service Fund (USF) when PML-N came to power were arou

Published 12 May, 2017 12:00am

Three women among five injured in shooting

Five of a family were injured in a shooting in city late Wednesday night, officials said. Unknown gunmen opened fire inside a house in Jamshed Road area. Rescue sources said the incident left five people injured, including three women. Police said that fi

Published 12 May, 2017 12:00am

India top court examines 'Triple talaq'

India's highest court Thursday began considering the legality of a Islamic practice that allows men to leave their wives instantly by reciting the word "divorce" three times. "Triple talaq" is legal for Muslims under the Indian constitution but it has com

Published 12 May, 2017 12:00am

Islamabad, Beijing to sign framework for revival of ML-1

Pakistan and China will sign a new framework for the revival and upgradation of Main Line-1 (ML-1) from Karachi to Peshawar during the Prime Minister Nawaz Sharif''s visit to China. Official sources revealed to Business Recorder that financial supp

Published 12 May, 2017 12:00am

The Weather

The weather report on Thursday (May 11, 2017) and the forecast for Friday (May 12, 2017).

Published 12 May, 2017 12:00am

Islamabad, Beijing to sign framework for revival of ML-1

Pakistan and China will sign a new framework for the revival and upgradation of Main Line-1 (ML-1) from Karachi to Peshawar during the Prime Minister Nawaz Sharif's visit to China. Official sources revealed to Business Recorder that financial suppo

Published 12 May, 2017 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (May 11, 2017).

Published 12 May, 2017 12:00am

Islamabad, Beijing to sign framework for revival of ML-1

Pakistan and China will sign a new framework for the revival and upgradation of Main Line-1 (ML-1) from Karachi to Peshawar during the Prime Minister Nawaz Sharif's visit to China. Official sources revealed to Business Recorder that financial suppo

Published 12 May, 2017 12:00am

Exchange

LME official prices

The following were Wednesday official prices.

Published 12 May, 2017 12:00am

Tariff lines: government to seek concessions from China

Pakistan is likely to seek unilateral concession on 40-50 tariff lines from China during the visit of Prime Minister Nawaz Sharif starting from Friday (today). Prime Minister entourage will comprise Chief Ministers, Federal Ministers and officials. Commer

Published 12 May, 2017 12:00am

Exchange

LME official prices

The following were Wednesday official prices.

Published 12 May, 2017 12:00am

Tariff lines: government to seek concessions from China

Pakistan is likely to seek unilateral concession on 40-50 tariff lines from China during the visit of Prime Minister Nawaz Sharif starting from Friday (today). Prime Minister entourage will comprise Chief Ministers, Federal Ministers and officials. Commer

Published 12 May, 2017 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (May 11, 2017).

Published 12 May, 2017 12:00am

Tariff lines: government to seek concessions from China

Pakistan is likely to seek unilateral concession on 40-50 tariff lines from China during the visit of Prime Minister Nawaz Sharif starting from Friday (today). Prime Minister entourage will comprise Chief Ministers, Federal Ministers and officials. Commer

Published 12 May, 2017 12:00am

Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Thursday (May 11, 2017).

Published 12 May, 2017 12:00am

Tariff lines: government to seek concessions from China

Pakistan is likely to seek unilateral concession on 40-50 tariff lines from China during the visit of Prime Minister Nawaz Sharif starting from Friday (today). Prime Minister entourage will comprise Chief Ministers, Federal Ministers and officials. Commer

Published 12 May, 2017 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (May 11, 2017).

Published 12 May, 2017 12:00am

Uproar in Senate: notification fails to plug Dawn Leaks

The opposition lawmakers in Senate on Thursday underscored the need for making the inquiry report on the Dawn Leaks public, terming the 'secret settlement' of the controversy between the government and military a dangerous move for national security.

Published 12 May, 2017 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (May 11, 2017).

Published 12 May, 2017 12:00am

Uproar in Senate: notification fails to plug Dawn Leaks

The opposition lawmakers in Senate on Thursday underscored the need for making the inquiry report on the Dawn Leaks public, terming the 'secret settlement' of the controversy between the government and military a dangerous move for national security.

Published 12 May, 2017 12:00am

Dollar's rate in interbank market

Interbank closing rates for dollar on Thursday (May 11, 2017).

Published 12 May, 2017 12:00am

India urges UN court to stop Pakistan executing Jadhav

The UN's top court will hold an emergency hearing on Monday as India seeks to stop Pakistan from executing an Indian national accused of spying. New Delhi has already protested to Islamabad over the death sentence imposed on Kulbushan Sudhir Jadhav by a P

Published 12 May, 2017 12:00am

Kerb

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Thursday (May 11, 2017).

Published 12 May, 2017 12:00am

India urges UN court to stop Pakistan executing Jadhav

The UN's top court will hold an emergency hearing on Monday as India seeks to stop Pakistan from executing an Indian national accused of spying. New Delhi has already protested to Islamabad over the death sentence imposed on Kulbushan Sudhir Jadhav by a P

Published 12 May, 2017 12:00am

THE RUPEE: steadier trend

The rupee moved cautiously in relation to the dollar on Thursday in the process of trading, dealers said. The rupee extended overnight winning streak, picking up more three paisas versus the dollar for buying and selling at Rs 104.78 and Rs 104.80 respect

Published 12 May, 2017 12:00am

CoAS meets young officers at Quetta Garrison

Chief of Army Staff General Qamar Javed Bajwa visited various military installations at Quetta garrison and interacted with young officers undergoing various courses at School of Infantry and Tactics, an Inter Services Public Relations (ISPR) statement sa

Published 12 May, 2017 12:00am

THE RUPEE: steadier trend

The rupee moved cautiously in relation to the dollar on Thursday in the process of trading, dealers said. The rupee extended overnight winning streak, picking up more three paisas versus the dollar for buying and selling at Rs 104.78 and Rs 104.80 respect

Published 12 May, 2017 12:00am

CoAS meets young officers at Quetta Garrison

Chief of Army Staff General Qamar Javed Bajwa visited various military installations at Quetta garrison and interacted with young officers undergoing various courses at School of Infantry and Tactics, an Inter Services Public Relations (ISPR) statement sa

Published 12 May, 2017 12:00am

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Thursday (May 11, 2017).

Published 12 May, 2017 12:00am

BRIndex30 up 268.81 points

On Thursday, BRIndex30 opened at 27,135.49 points and remained positive throughout the trading session. It touched an intraday high of 27,578.97 points and an intraday low of 27,135.49 points and closed at 27,404.30 points which was 268.81 points or 0.99

Published 12 May, 2017 12:00am

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Thursday (May 11, 2017).

Published 12 May, 2017 12:00am

BRIndex30 up 268.81 points

On Thursday, BRIndex30 opened at 27,135.49 points and remained positive throughout the trading session. It touched an intraday high of 27,578.97 points and an intraday low of 27,135.49 points and closed at 27,404.30 points which was 268.81 points or 0.99

Published 12 May, 2017 12:00am

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Thursday (May 11, 2017).

Published 12 May, 2017 12:00am

Exchange

PSX keeps setting records

Pakistan Stock Exchange witnessed another bullish session Thursday. The benchmark KSE-100 index crossed 51,400 points psychological level for the first time in its history and closed at new high of 51,426.01 points with a net increase of 322.48 points. Th

Published 12 May, 2017 12:00am

Cross Transactions between Client to Client & Financial Institutions

The following were the cross transactions between client to client & financial institutions here on Thursday (May 11, 2017).

Published 12 May, 2017 12:00am

Exchange

PSX keeps setting records

Pakistan Stock Exchange witnessed another bullish session Thursday. The benchmark KSE-100 index crossed 51,400 points psychological level for the first time in its history and closed at new high of 51,426.01 points with a net increase of 322.48 points. Th

Published 12 May, 2017 12:00am

Member to Member

The following transactions member to member subsequently reported on Thursday (May 11, 2017).

Published 12 May, 2017 12:00am

Exchange

PSX keeps setting records

Pakistan Stock Exchange witnessed another bullish session Thursday. The benchmark KSE-100 index crossed 51,400 points psychological level for the first time in its history and closed at new high of 51,426.01 points with a net increase of 322.48 points. Th

Published 12 May, 2017 12:00am

Mutual Funds

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Thursday (May 11, 2017)

Published 12 May, 2017 12:00am

BoE holds rate; trims growth forecast

The Bank of England on Thursday held interest rates at a record low 0.25 percent and crimped its economic growth forecast, as Brexit uncertainties weigh before next month''s general election. Policymakers voted by 7-1 in favour of keeping the rate on hold

Published 12 May, 2017 12:00am

Mutual Funds

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Thursday (May 11, 2017)

Published 12 May, 2017 12:00am

BoE holds rate; trims growth forecast

The Bank of England on Thursday held interest rates at a record low 0.25 percent and crimped its economic growth forecast, as Brexit uncertainties weigh before next month's general election. Policymakers voted by 7-1 in favour of keeping the rate on hold,

Published 12 May, 2017 12:00am

Mutual Funds

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Thursday (May 11, 2017)

Published 12 May, 2017 12:00am

BoE holds rate; trims growth forecast

The Bank of England on Thursday held interest rates at a record low 0.25 percent and crimped its economic growth forecast, as Brexit uncertainties weigh before next month's general election. Policymakers voted by 7-1 in favour of keeping the rate on hold,

Published 12 May, 2017 12:00am

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

National Clearing Company declares daily settlement information for local & foreign investors on Thursday (May 11, 2017).

Published 12 May, 2017 12:00am

LHC issues notices to PM, others

The Lahore High Court on Thursday issued notices for May 22 to respondents Prime Minister Nawaz Sharif, Chief Minister Punjab Shehbaz Sharif, Interior Minister Chaudhary Nisar and Finance Minister Ishaq Dar in response to a petition that has accused them

Published 12 May, 2017 12:00am

BRIndex30 and BR Sectoral Indices

BRIndex30 and BR Sectoral Indices on Thursday (May 11, 2017).

Published 12 May, 2017 12:00am

LHC issues notices to PM, others

The Lahore High Court on Thursday issued notices for May 22 to respondents Prime Minister Nawaz Sharif, Chief Minister Punjab Shehbaz Sharif, Interior Minister Chaudhary Nisar and Finance Minister Ishaq Dar in response to a petition that has accused them

Published 12 May, 2017 12:00am

Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 12 May, 2017 12:00am

Exchange

PM, his son-in-law: JIT seeks asset details

Joint Investigation Team (JIT) formed to investigate the Panama Papers scandal on Thursday asked the Election Commission of Pakistan (ECP) to submit asset details of Prime Minister Nawaz Sharif and his son-in-law Captain Safdar (Retd). The JIT formed to p

Published 12 May, 2017 12:00am

Exchange

Board Meetings

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 12 May, 2017 12:00am

Exchange

PM, his son-in-law: JIT seeks asset details

Joint Investigation Team (JIT) formed to investigate the Panama Papers scandal on Thursday asked the Election Commission of Pakistan (ECP) to submit asset details of Prime Minister Nawaz Sharif and his son-in-law Captain Safdar (Retd). The JIT formed to p

Published 12 May, 2017 12:00am

Exchange

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Pakistan Stock Exchange.

Published 12 May, 2017 12:00am

Exchange

Budget strategy approved by Cabinet

The federal cabinet is said to have approved budget strategy for the next fiscal year, targeting 6 per cent growth and bringing down inflation to 4 per cent of the GDP by June 2020. A press release issued after the cabinet meeting, presided over by the Pr

Published 12 May, 2017 12:00am

Last date of renunciation/payment

Last dates of renunciation/payment.

Published 12 May, 2017 12:00am

Exchange

Budget strategy approved by Cabinet

The federal cabinet is said to have approved budget strategy for the next fiscal year, targeting 6 per cent growth and bringing down inflation to 4 per cent of the GDP by June 2020. A press release issued after the cabinet meeting, presided over by the Pr

Published 12 May, 2017 12:00am

Exchange

Proposed right issues

Right issues proposed by companies listed on Pakistan Stock Exchange.

Published 12 May, 2017 12:00am

Exchange

Budget strategy approved by Cabinet

The federal cabinet is said to have approved budget strategy for the next fiscal year, targeting 6 per cent growth and bringing down inflation to 4 per cent of the GDP by June 2020. A press release issued after the cabinet meeting, presided over by the Pr

Published 12 May, 2017 12:00am

Exchange

Clearing Schedule for T+2 System

Pakistan Stock Exchange's Clearing Schedule for T+2 System.

Published 12 May, 2017 12:00am

Dates of Closure of Books & Annual General Meetings

Cotton

Currency	Rate
USD PKR Interbank Selling / Dec 31	278.65
USD PKR Interbank Buying / Dec 31	278.45
USD to Japanese Yen / Dec 31	156.20
USD to Swiss Franc / Dec 31	0.90
Pound Sterling to USD / Dec 31	1.26
Euro to USD / Dec 31	1.04

Stock	Volume
S&P 500 / Dec 30	5,906.94
Tokyo Nikkei / Dec 30	39,894.54
Nasdaq / Dec 30	19,486.79
Dow Jones / Dec 30	42,573.73
Germany DAX 30 / Dec 30	19,909.14
India Sensex / Dec 31	78,017.14
Hang Seng / Dec 31	20,059.95
FTSE 100 / Dec 31	8,125.32

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 30	17,785
Gold 10 Grams PKR / Dec 30	241,430.80
Crude Oil USD/Barrel / Dec 31	71.59
Gold Spot USD/Ounce / Dec 31	2,605.88
Cotton US¢/pound / Dec 31	68.74
Petrol/Litre / Jan 1	252.10

Stock	Price
Hira Textile / Dec 31 Hira Textile Mills Limited(HIRAT)	3.75 ▲ 0.45 (13.64%)
Pace (Pak) Ltd. / Dec 31 Pace (Pakistan) Limited(PACE)	8.33 ▲ 1.00 (13.64%)
Tariq Corp.Pref. / Dec 31 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7.88 ▲ 0.88 (12.57%)
Pak Int.Bulk / Dec 31 Pakistan International Bulk Terminal(PIBTL)	9.38 ▲ 1.00 (11.93%)
Gulshan Sp. / Dec 31 Gulshan Spinning Mills Limited(GSPM)	4.47 ▲ 0.47 (11.75%)
Sec. Inv. Bank / Dec 31 Security Investment Bank Limited(SIBL)	9.99 ▲ 1.00 (11.12%)
LSE Financial Serv. / Dec 31 LSE Financial Services Limited(LSEFSL)	15.70 ▲ 1.43 (10.02%)
Sindh Abadgar / Dec 31 Sindh Abadgar's Sugar Mills Limited(SASML)	39.33 ▲ 3.58 (10.01%)
Ali Asghar / Dec 31 Ali Asghar Textile Mills Limited(AATM)	65.45 ▲ 5.95 (10.00%)

Stock	Price
First Capital Equities / Dec 31 First Capital Equities Limited(FCEL)	5.12 ▼ -0.98 (-16.07%)
Pak Agro Pack. (GEM) / Dec 31 Pak Agro Packaging Limited (GEM)(GEMPAPL)	7.60 ▼ -0.90 (-10.59%)
Nimir Resins / Dec 31 Nimir Resins Limited(NRSL)	30.76 ▼ -3.42 (-10.01%)
Frontier Ceram / Dec 31 Frontier Ceramics Limited(FRCL)	42.91 ▼ -4.77 (-10.00%)
Fateh Sports / Dec 31 Fateh Sports Wear Limited(FSWL)	78.50 ▼ -8.72 (-10.00%)
Khairpur Sug. / Dec 31 Khairpur Sugar Mills Limited(KPUS)	203.81 ▼ -22.65 (-10.00%)
Noon Sugar / Dec 31 Noon Sugar Mills Limited(NONS)	81.31 ▼ -9.03 (-10.00%)
Shahmurad Sugar / Dec 31 Shahmurad Sugar Mills Limited(SHSML)	425.82 ▼ -47.31 (-10.00%)
Gammon Pak / Dec 31 Gammon Pakistan Limited(GAMON)	45.59 ▼ -5.06 (-9.99%)

Stock	Volume
Cnergyico PK / Dec 31 Cnergyico PK Limited(CNERGY)	212,308,919 ▲ 0.42
WorldCall Telecom / Dec 31 Worldcall Telecom Limited(WTL)	111,551,930 ▼ -0.05
B.O.Punjab / Dec 31 The Bank of Punjab(BOP)	84,182,656 ▲ 0.28
Pace (Pak) Ltd. / Dec 31 Pace (Pakistan) Limited(PACE)	66,177,767 ▲ 1.00
Fauji Foods Ltd / Dec 31 Fauji Foods Limited(FFL)	55,597,038 ▲ 0.69
Pak Refinery / Dec 31 Pakistan Refinery Limited(PRL)	50,017,805 ▲ 3.54
Silk Bank Ltd / Dec 31 Silkbank Limited(SILK)	48,777,302 ▼ -0.02
K-Electric Ltd. / Dec 31 K-Electric Limited(KEL)	45,320,218 ▲ 0.24
Pak Elektron / Dec 31 Pak Elektron Limited(PAEL)	36,348,761 ▼ -0.91

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