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Print - 2017-05-18
Power shortages

Power shortages

According to a Business Recorder news item "Power evacuation projects: Govt likely to spend Rs 770bn" carried by the newspaper recently, the government is to spend Rs 770 billion on 57 projects for evacuation of power from different projects in Pun
Published 18 May, 2017 12:00am
Feminization of primary school teaching in KP

Feminization of primary school teaching in KP

The Khyber-Pakhtunkhwa (KP) government has approved the Elementary and Secondary Education Department's proposal that only female teachers will be hired in the public sector primary schools across the province. Henceforth, only women will be hired on new
Published 18 May, 2017 12:00am
Dawn leak controversy: Almost, but not quite, settled

Dawn leak controversy: Almost, but not quite, settled

The two main opposition parties, the PPP and PTI, have 'rejected' the government military settlement over the Dawn leak controversy, arguing if the leak constituted a breach of national security, as claimed both by the government and the Army, settlement
Published 18 May, 2017 12:00am
Who reads us anyway

Who reads us anyway

First, a confession: until my first column I never read any opinion pieces. Now I read most - and wonder if anyone reads us? Do newspapers use it as a marketing ploy, or is it just a waste of newsprint costing many a tree? Perhaps a fad that newspapers ar
Published 18 May, 2017 12:00am
Where justice has the back seat

Where justice has the back seat

Some 200,000 cases are pending with the district courts across Punjab, with the number of cases pending in the Lahore High Court alone being a staggering 130,000. That cases should be heard in time and decided expeditiously, there is no second opinion on
Published 18 May, 2017 12:00am
Sales tax refunds

Sales tax refunds

During a pre-budget seminar organised by the Commerce Ministry and attended by officials from Federal Board of Revenue (FBR), State Bank of Pakistan, National Tariff Commission and ministries of Finance, Commerce and Textile Industry, academia, trade asso
Published 18 May, 2017 12:00am
PIA plane: HC asked to get official stance

PIA plane: HC asked to get official stance

Adviser to the Prime Minister on Aviation Division Sardar Mehtab Ahmed Khan Abbasi has said there is no official intimation about any recovery of narcotics from the PIA plane in London. Addressing a news conference here on Wednesday, he said only media is
Published 18 May, 2017 12:00am
PIA plane: HC asked to get official stance

PIA plane: HC asked to get official stance

Adviser to the Prime Minister on Aviation Division Sardar Mehtab Ahmed Khan Abbasi has said there is no official intimation about any recovery of narcotics from the PIA plane in London. Addressing a news conference here on Wednesday, he said only media is
Published 18 May, 2017 12:00am
PIA plane: HC asked to get official stance

PIA plane: HC asked to get official stance

Adviser to the Prime Minister on Aviation Division Sardar Mehtab Ahmed Khan Abbasi has said there is no official intimation about any recovery of narcotics from the PIA plane in London. Addressing a news conference here on Wednesday, he said only media is
Published 18 May, 2017 12:00am
The Weather

The Weather

The weather report on Wednesday (May 17, 2017) and the forecast for Thursday (May 18, 2017).

Published 18 May, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (May 17, 2017).

Published 18 May, 2017 12:00am
SAB recommends export of 1.2 million tons of sugar

SAB recommends export of 1.2 million tons of sugar

Sugar Advisory Board (SAB), an inter-provincial body, headed by Secretary Industries and Production, Khizer Hayat Gondal, on Wednesday recommended export of additional 1.2 million tons of surplus sugar with appropriate subsidy to be determined by the comm
Published 18 May, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (May 17, 2017)

Published 18 May, 2017 12:00am
SAB recommends export of 1.2 million tons of sugar

SAB recommends export of 1.2 million tons of sugar

Sugar Advisory Board (SAB), an inter-provincial body, headed by Secretary Industries and Production, Khizer Hayat Gondal, on Wednesday recommended export of additional 1.2 million tons of surplus sugar with appropriate subsidy to be determined by the comm
Published 18 May, 2017 12:00am
SAB recommends export of 1.2 million tons of sugar

SAB recommends export of 1.2 million tons of sugar

Sugar Advisory Board (SAB), an inter-provincial body, headed by Secretary Industries and Production, Khizer Hayat Gondal, on Wednesday recommended export of additional 1.2 million tons of surplus sugar with appropriate subsidy to be determined by the comm
Published 18 May, 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 Wednesday (May 17, 2017).

Published 18 May, 2017 12:00am
UN world court to rule today on Jadhav case

UN world court to rule today on Jadhav case

The UN's top court will rule Thursday on an urgent bid by India to stop Pakistan from carrying out a death sentence on one of its nationals convicted of spying. In an emergency hearing swiftly organised on Monday, lawyers for New Delhi had urged the Inter
Published 18 May, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (May 17, 2017).

Published 18 May, 2017 12:00am
UN world court to rule today on Jadhav case

UN world court to rule today on Jadhav case

The UN's top court will rule Thursday on an urgent bid by India to stop Pakistan from carrying out a death sentence on one of its nationals convicted of spying. In an emergency hearing swiftly organised on Monday, lawyers for New Delhi had urged the Inter
Published 18 May, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (May 17, 2017).

Published 18 May, 2017 12:00am
Not all Pakistanis have to declare their offshore assets

Not all Pakistanis have to declare their offshore assets

The impression projected by a section of the media regarding a provision of the proposed Companies Bill, 2017, requiring all Pakistanis residing abroad to file the returns of their offshore assets is incorrect and misleading. It is totally in disregard to
Published 18 May, 2017 12:00am
Not all Pakistanis have to declare their offshore assets

Not all Pakistanis have to declare their offshore assets

The impression projected by a section of the media regarding a provision of the proposed Companies Bill, 2017, requiring all Pakistanis residing abroad to file the returns of their offshore assets is incorrect and misleading. It is totally in disregard to
Published 18 May, 2017 12:00am
PM has lost moral authority to hold public office: Imran

PM has lost moral authority to hold public office: Imran

While talking exclusively in Aaj TV's show 'Faisla Apka' chairman of PTI, Imran Khan reiterated that Prime Minister Nawaz Sharif has lost the credibility to hold public office, after a JIT was formed to probe the 'Panama Leaks' in 60 days. Imran Khan quot
Published 18 May, 2017 12:00am
THE RUPEE: firm trend

THE RUPEE: firm trend

Firmness prevailed on the money market on Wednesday as the rupee stayed put versus the dollar, dealers said. The rupee was almost unchanged in relation to the dollar for buying and selling at Rs 104.85 and Rs 04.86 respectively, they said.
Published 18 May, 2017 12:00am
PM has lost moral authority to hold public office: Imran

PM has lost moral authority to hold public office: Imran

While talking exclusively in Aaj TV's show 'Faisla Apka' chairman of PTI, Imran Khan reiterated that Prime Minister Nawaz Sharif has lost the credibility to hold public office, after a JIT was formed to probe the 'Panama Leaks' in 60 days. Imran Khan quot
Published 18 May, 2017 12:00am
THE RUPEE: firm trend

THE RUPEE: firm trend

Firmness prevailed on the money market on Wednesday as the rupee stayed put versus the dollar, dealers said. The rupee was almost unchanged in relation to the dollar for buying and selling at Rs 104.85 and Rs 04.86 respectively, they said.
Published 18 May, 2017 12:00am
Putin 'ready to provide recording' of Lavrov-Trump exchange
Exchange

Putin 'ready to provide recording' of Lavrov-Trump exchange

Russian President Vladimir Putin said Wednesday that Moscow could provide a recording of a controversial exchange between Foreign Minister Sergei Lavrov and US President Donald Trump that has plunged the White House into turmoil. His comments were the fir
Published 18 May, 2017 12:00am
Putin 'ready to provide recording' of Lavrov-Trump exchange
Exchange

Putin 'ready to provide recording' of Lavrov-Trump exchange

Russian President Vladimir Putin said Wednesday that Moscow could provide a recording of a controversial exchange between Foreign Minister Sergei Lavrov and US President Donald Trump that has plunged the White House into turmoil. His comments were the fir
Published 18 May, 2017 12:00am
Indian cabinet approves plans to build 10 nuclear reactors

Indian cabinet approves plans to build 10 nuclear reactors

India''''s cabinet approved plans on Wednesday to build 10 nuclear reactors with a combined capacity of 7,000 megawatts (MW), more than the country''''s entire current capacity, to try fast-track its domestic nuclear power programme. The decision by Prime
Published 18 May, 2017 12:00am
Indian cabinet approves plans to build 10 nuclear reactors

Indian cabinet approves plans to build 10 nuclear reactors

India''s cabinet approved plans on Wednesday to build 10 nuclear reactors with a combined capacity of 7,000 megawatts (MW), more than the country''s entire current capacity, to try fast-track its domestic nuclear power programme. The decision by Prime Min
Published 18 May, 2017 12:00am
Indian cabinet approves plans to build 10 nuclear reactors

Indian cabinet approves plans to build 10 nuclear reactors

India's cabinet approved plans on Wednesday to build 10 nuclear reactors with a combined capacity of 7,000 megawatts (MW), more than the country's entire current capacity, to try fast-track its domestic nuclear power programme. The decision by Prime Minis
Published 18 May, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (May 17, 2017).

Published 18 May, 2017 12:00am
Indian cabinet approves plans to build 10 nuclear reactors

Indian cabinet approves plans to build 10 nuclear reactors

India's cabinet approved plans on Wednesday to build 10 nuclear reactors with a combined capacity of 7,000 megawatts (MW), more than the country's entire current capacity, to try fast-track its domestic nuclear power programme. The decision by Prime Minis
Published 18 May, 2017 12:00am
WikiLeaks source Chelsea Manning released from prison

WikiLeaks source Chelsea Manning released from prison

Chelsea Manning, the transgender army private jailed for one of the largest leaks of classified documents in US history, was released from prison Wednesday, a US Army spokeswoman said. Manning "has been released from the United States Disciplinary Barrack
Published 18 May, 2017 12:00am
WikiLeaks source Chelsea Manning released from prison

WikiLeaks source Chelsea Manning released from prison

Chelsea Manning, the transgender army private jailed for one of the largest leaks of classified documents in US history, was released from prison Wednesday, a US Army spokeswoman said. Manning "has been released from the United States Disciplinary Barrack
Published 18 May, 2017 12:00am
Transporters call off strike

Transporters call off strike

Goods transporters on Wednesday announced to end their nine-day long strike on Governor Sindh''s assurance to resolve their passage issues. The transporters, whom Sindh Assembly''s Speaker, Aga Siraj Khan Durrani and Sindh Transporter Minister, Nasir Huss
Published 18 May, 2017 12:00am
Transporters call off strike

Transporters call off strike

Goods transporters on Wednesday announced to end their nine-day long strike on Governor Sindh's assurance to resolve their passage issues. The transporters, whom Sindh Assembly's Speaker, Aga Siraj Khan Durrani and Sindh Transporter Minister, Nasir Hussai
Published 18 May, 2017 12:00am
Transporters call off strike

Transporters call off strike

Goods transporters on Wednesday announced to end their nine-day long strike on Governor Sindh's assurance to resolve their passage issues. The transporters, whom Sindh Assembly's Speaker, Aga Siraj Khan Durrani and Sindh Transporter Minister, Nasir Hussai
Published 18 May, 2017 12:00am
Presentation at P.S.X. Auditorium

Presentation at P.S.X. Auditorium

Presentation at P.S.X. Auditorium (only for TRE certificate holders and their authorised employees).

Published 18 May, 2017 12:00am
Four more TTP terrorists executed

Four more TTP terrorists executed

Another four hardcore terrorists, convicted by military courts, were executed at a jail in Khyber Pakhtunkhwa Wednesday. According to Inter Services Public Relations (ISPR), these terrorists were involved in committing heinous offences relating to terrori
Published 18 May, 2017 12:00am
Presentation

Presentation

Presentation at PSX auditorium (only for members and an authorised employee of the members).

Published 18 May, 2017 12:00am
Pakistan, Afghanistan agree to maintain ceasefire

Pakistan, Afghanistan agree to maintain ceasefire

One-star border flag meeting was held between representatives of Pakistan and Afghanistan at the Friendship Gate Chaman Wednesday, according to Aaj News. The Pakistani delegation was led by DIG FC Balochistan and the Afghan delegation was represented by f
Published 18 May, 2017 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 18 May, 2017 12:00am
US maintains Iran nuclear deal sanctions relief

US maintains Iran nuclear deal sanctions relief

The United States decided not to reimpose sanctions on Iran's nuclear program Wednesday despite President Donald Trump's criticism of the deal Tehran signed with the previous US administration. But, while the waiver on the nuclear-related sanctions was re
Published 18 May, 2017 12:00am
Board Meetings
Exchange

Board Meetings

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 18 May, 2017 12:00am
Prime Minister meets Hong Kong businesspeople
Cotton

Prime Minister meets Hong Kong businesspeople

Prime Minister Nawaz Sharif Wednesday said Pakistan was emerging as a rising and secure country, on the track of sustainable growth due to its liberal investment policies. "Today I present to you a rising, confident and secure Pakistan - a country full of
Published 18 May, 2017 12:00am
Prime Minister meets Hong Kong businesspeople
Cotton

Prime Minister meets Hong Kong businesspeople

Prime Minister Nawaz Sharif Wednesday said Pakistan was emerging as a rising and secure country, on the track of sustainable growth due to its liberal investment policies. "Today I present to you a rising, confident and secure Pakistan - a country full of
Published 18 May, 2017 12:00am
Prime Minister meets Hong Kong businesspeople
Cotton

Prime Minister meets Hong Kong businesspeople

Prime Minister Nawaz Sharif Wednesday said Pakistan was emerging as a rising and secure country, on the track of sustainable growth due to its liberal investment policies. "Today I present to you a rising, confident and secure Pakistan - a country full of
Published 18 May, 2017 12:00am
BRIndex30 sheds 3.34 points

BRIndex30 sheds 3.34 points

On Wednesday, BRIndex30 opened at 27,668.19 points. It touched an intraday high of 27,876.52 points and an intraday low of 27,613.92 points and closed at 27,664.85 points which was -3.34 points or -0.01 percent lower than previous close. Total volume was
Published 18 May, 2017 12:00am
BRIndex30 sheds 3.34 points

BRIndex30 sheds 3.34 points

On Wednesday, BRIndex30 opened at 27,668.19 points. It touched an intraday high of 27,876.52 points and an intraday low of 27,613.92 points and closed at 27,664.85 points which was -3.34 points or -0.01 percent lower than previous close. Total volume was
Published 18 May, 2017 12:00am
Equities shed more weight
Exchange

Equities shed more weight

A bearish trend continued on Pakistan Stock Exchange on the second consecutive day Wednesday. The benchmark KSE-100 index lost another 301.78 points to close at 51,511.41 points. Daily trading volumes stood at 371.801 million shares as compared to 377.707
Published 18 May, 2017 12:00am
Equities shed more weight
Exchange

Equities shed more weight

A bearish trend continued on Pakistan Stock Exchange on the second consecutive day Wednesday. The benchmark KSE-100 index lost another 301.78 points to close at 51,511.41 points. Daily trading volumes stood at 371.801 million shares as compared to 377.707
Published 18 May, 2017 12:00am
Equities shed more weight
Exchange

Equities shed more weight

A bearish trend continued on Pakistan Stock Exchange on the second consecutive day Wednesday. The benchmark KSE-100 index lost another 301.78 points to close at 51,511.41 points. Daily trading volumes stood at 371.801 million shares as compared to 377.707
Published 18 May, 2017 12:00am
High debt servicing costs will plague economy: IMF

High debt servicing costs will plague economy: IMF

High debt servicing costs will plague Pakistan as global interest rates rise with a consequent negative impact on investors. This was stated in an IMF report titled ''Regional Economic Outlook for the Middle East and Central Asia'' uploaded on the Fund we
Published 18 May, 2017 12:00am
High debt servicing costs will plague economy: IMF

High debt servicing costs will plague economy: IMF

High debt servicing costs will plague Pakistan as global interest rates rise with a consequent negative impact on investors. This was stated in an IMF report titled 'Regional Economic Outlook for the Middle East and Central Asia' uploaded on the Fund webs
Published 18 May, 2017 12:00am
High debt servicing costs will plague economy: IMF

High debt servicing costs will plague economy: IMF

High debt servicing costs will plague Pakistan as global interest rates rise with a consequent negative impact on investors. This was stated in an IMF report titled 'Regional Economic Outlook for the Middle East and Central Asia' uploaded on the Fund webs
Published 18 May, 2017 12:00am
Rs one trillion fiscal year 2018 federal PSDP ignores KP: CM

Rs one trillion fiscal year 2018 federal PSDP ignores KP: CM

Annual Plan Co-ordination Committee (APCC) has approved Rs 2.113 trillion for the next fiscal year Public Sector Development Programme (PSDP) with Rs 65 billion allocation for different Prime Minister''s programmes. Of the total Rs 2.113 trillion PSDP for
Published 18 May, 2017 12:00am
Rs one trillion fiscal year 2018 federal PSDP ignores KP: CM

Rs one trillion fiscal year 2018 federal PSDP ignores KP: CM

Annual Plan Co-ordination Committee (APCC) has approved Rs 2.113 trillion for the next fiscal year Public Sector Development Programme (PSDP) with Rs 65 billion allocation for different Prime Minister's programmes. Of the total Rs 2.113 trillion PSDP for
Published 18 May, 2017 12:00am
Rs one trillion fiscal year 2018 federal PSDP ignores KP: CM

Rs one trillion fiscal year 2018 federal PSDP ignores KP: CM

Annual Plan Co-ordination Committee (APCC) has approved Rs 2.113 trillion for the next fiscal year Public Sector Development Programme (PSDP) with Rs 65 billion allocation for different Prime Minister's programmes. Of the total Rs 2.113 trillion PSDP for
Published 18 May, 2017 12:00am