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Print - 2017-05-26
'Bilawal can only anchor sinking boat of PPP'

'Bilawal can only anchor sinking boat of PPP'

Disgruntled workers of Pakistan Peoples Party (PPP) have still pinned hopes with Bilawal Bhutto, saying that he could only anchor the sinking boat of the party. Abdication of leading stalwarts one after another, particularly in the central Punjab, has led
Published 26 May, 2017 12:00am
Analysis: Unsustainable, non-inclusive growth

Analysis: Unsustainable, non-inclusive growth

The consumption-led growth is the highlight of the year. On expenditure-basis, consumption has grown in 2017 by 7.9 percent. By adding 1.3 percent investment growth, the aggregate demand increase reached 9.2 percent. Adding the net exports'''' (exports mi
Published 26 May, 2017 12:00am
Rain brings relief to China's parched grain fields

Rain brings relief to China's parched grain fields

Heavy rains this week have brought relief to parched fields in China's major grain producing regions, breaking a months-long dry spell that had slowed corn planting and hit winter wheat crops. The rain will dampen farmer worries about output in the world'
Published 26 May, 2017 12:00am
Oil plunges five percent on disappointment with OPEC cuts

Oil plunges five percent on disappointment with OPEC cuts

Oil prices tumbled 5 percent on Thursday as the extension of output curbs by OPEC and other producing countries disappointed investors who had hoped for larger cuts, leading to the biggest daily percentage slide in crude prices since early March. At Thurs
Published 26 May, 2017 12:00am
Oil plunges five percent on disappointment with OPEC cuts

Oil plunges five percent on disappointment with OPEC cuts

Oil prices tumbled 5 percent on Thursday as the extension of output curbs by OPEC and other producing countries disappointed investors who had hoped for larger cuts, leading to the biggest daily percentage slide in crude prices since early March. At Thurs
Published 26 May, 2017 12:00am
Oil plunges five percent on disappointment with OPEC cuts

Oil plunges five percent on disappointment with OPEC cuts

Oil prices tumbled 5 percent on Thursday as the extension of output curbs by OPEC and other producing countries disappointed investors who had hoped for larger cuts, leading to the biggest daily percentage slide in crude prices since early March. At Thurs
Published 26 May, 2017 12:00am
Federal budget today

Federal budget today

Finance Minister Senator Ishaq Dar will present the fifth Federal Budget of the ruling democratic dispensation with an estimated outlay of Rs 4.8 trillion for the fiscal year 2017-18 today (Friday). The National Assembly, already in session since May 23,
Published 26 May, 2017 12:00am
Federal budget today

Federal budget today

Finance Minister Senator Ishaq Dar will present the fifth Federal Budget of the ruling democratic dispensation with an estimated outlay of Rs 4.8 trillion for the fiscal year 2017-18 today (Friday). The National Assembly, already in session since May 23,
Published 26 May, 2017 12:00am
Federal budget today

Federal budget today

Finance Minister Senator Ishaq Dar will present the fifth Federal Budget of the ruling democratic dispensation with an estimated outlay of Rs 4.8 trillion for the fiscal year 2017-18 today (Friday). The National Assembly, already in session since May 23,
Published 26 May, 2017 12:00am
FO defends military alliance

FO defends military alliance

The Foreign Office on Thursday defended Pakistan being a part of Saudi-led military alliance of 41 Islamic countries following criticism on Prime Minister's recent visit to Saudi Arabia for not highlighting the country's sacrifices in war against terroris
Published 26 May, 2017 12:00am
FO defends military alliance

FO defends military alliance

The Foreign Office on Thursday defended Pakistan being a part of Saudi-led military alliance of 41 Islamic countries following criticism on Prime Minister's recent visit to Saudi Arabia for not highlighting the country's sacrifices in war against terroris
Published 26 May, 2017 12:00am
'Spin doctors' challenging government's growth data: Dar
Cotton

'Spin doctors' challenging government's growth data: Dar

Finance Minister Ishaq Dar on Thursday ruled out another International Monetary Fund (IMF) programme in coming years despite slippages on fiscal side and external accounts. Speaking at a news conference here at the launching ceremony of Pakistan Economic
Published 26 May, 2017 12:00am
'Spin doctors' challenging government's growth data: Dar
Cotton

'Spin doctors' challenging government's growth data: Dar

Finance Minister Ishaq Dar on Thursday ruled out another International Monetary Fund (IMF) programme in coming years despite slippages on fiscal side and external accounts. Speaking at a news conference here at the launching ceremony of Pakistan Economic
Published 26 May, 2017 12:00am
''Spin doctors'' challenging government''s growth data: Dar
Cotton

''Spin doctors'' challenging government''s growth data: Dar

Finance Minister Ishaq Dar on Thursday ruled out another International Monetary Fund (IMF) programme in coming years despite slippages on fiscal side and external accounts. Speaking at a news conference here at the launching ceremony of Pakistan Economic
Published 26 May, 2017 12:00am
''''Spin doctors'''' challenging government''''s growth data: Dar
Cotton

''''Spin doctors'''' challenging government''''s growth data: Dar

Finance Minister Ishaq Dar on Thursday ruled out another International Monetary Fund (IMF) programme in coming years despite slippages on fiscal side and external accounts. Speaking at a news conference here at the launching ceremony of Pakistan Economic
Published 26 May, 2017 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 26 May, 2017 12:00am
July-March LSM registers 5.06 percent growth
Cotton

July-March LSM registers 5.06 percent growth

The country's Large Scale Manufacturing (LSM) during first nine months (July-March 2016-17) has registered a growth of 5.06 percent as compared to 4.64 percent in the same period last year. According to the Economic Survey 2016-17, the industry specific d
Published 26 May, 2017 12:00am
July-March LSM registers 5.06 percent growth
Cotton

July-March LSM registers 5.06 percent growth

The country's Large Scale Manufacturing (LSM) during first nine months (July-March 2016-17) has registered a growth of 5.06 percent as compared to 4.64 percent in the same period last year. According to the Economic Survey 2016-17, the industry specific d
Published 26 May, 2017 12:00am
July-March LSM registers 5.06 percent growth
Cotton

July-March LSM registers 5.06 percent growth

The country''s Large Scale Manufacturing (LSM) during first nine months (July-March 2016-17) has registered a growth of 5.06 percent as compared to 4.64 percent in the same period last year. According to the Economic Survey 2016-17, the industry specific
Published 26 May, 2017 12:00am
July-March LSM registers 5.06 percent growth
Cotton

July-March LSM registers 5.06 percent growth

The country''''s Large Scale Manufacturing (LSM) during first nine months (July-March 2016-17) has registered a growth of 5.06 percent as compared to 4.64 percent in the same period last year. According to the Economic Survey 2016-17, the industry specifi
Published 26 May, 2017 12:00am
MoC's dismal performance on exports front worries Dar
Cotton

MoC's dismal performance on exports front worries Dar

The Commerce Ministry's dismal performance with respect to exports was one of the main concerns of Finance Minister Ishaq Dar during unveiling of Economic Survey 2016-17 Thursday. "Exports were and are certainly an area of concern for the government and w
Published 26 May, 2017 12:00am
MoC's dismal performance on exports front worries Dar
Cotton

MoC's dismal performance on exports front worries Dar

The Commerce Ministry's dismal performance with respect to exports was one of the main concerns of Finance Minister Ishaq Dar during unveiling of Economic Survey 2016-17 Thursday. "Exports were and are certainly an area of concern for the government and w
Published 26 May, 2017 12:00am
MoC''s dismal performance on exports front worries Dar
Cotton

MoC''s dismal performance on exports front worries Dar

The Commerce Ministry''s dismal performance with respect to exports was one of the main concerns of Finance Minister Ishaq Dar during unveiling of Economic Survey 2016-17 Thursday. "Exports were and are certainly an area of concern for the government and
Published 26 May, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (May 25, 2017).

Published 26 May, 2017 12:00am
MoC''''s dismal performance on exports front worries Dar
Cotton

MoC''''s dismal performance on exports front worries Dar

The Commerce Ministry''''s dismal performance with respect to exports was one of the main concerns of Finance Minister Ishaq Dar during unveiling of Economic Survey 2016-17 Thursday. "Exports were and are certainly an area of concern for the government an
Published 26 May, 2017 12:00am
Agriculture output target missed
Cotton

Agriculture output target missed

The agriculture sector registered a growth of 3.46 percent against the target of 3.5 percent, according to Economic Survey 2016-17. The Survey further noted that the country missed agriculture growth target because of negative growth in cotton and some pu
Published 26 May, 2017 12:00am
Agriculture output target missed
Cotton

Agriculture output target missed

The agriculture sector registered a growth of 3.46 percent against the target of 3.5 percent, according to Economic Survey 2016-17. The Survey further noted that the country missed agriculture growth target because of negative growth in cotton and some pu
Published 26 May, 2017 12:00am
Agriculture output target missed
Cotton

Agriculture output target missed

The agriculture sector registered a growth of 3.46 percent against the target of 3.5 percent, according to Economic Survey 2016-17. The Survey further noted that the country missed agriculture growth target because of negative growth in cotton and some pu
Published 26 May, 2017 12:00am
Agriculture output target missed
Cotton

Agriculture output target missed

The agriculture sector registered a growth of 3.46 percent against the target of 3.5 percent, according to Economic Survey 2016-17. The Survey further noted that the country missed agriculture growth target because of negative growth in cotton and some pu
Published 26 May, 2017 12:00am
THE RUPEE: mixed patterns ahead of budget

THE RUPEE: mixed patterns ahead of budget

The rupee-dollar parity rates moved both ways on the money market on Thursday ahead of budget 2017-18, dealers said. The rupee slipped by two paisas in relation to the dollar for buying and selling at Rs 104.86 and Rs 04.88 respectively, they said.
Published 26 May, 2017 12:00am
THE RUPEE: mixed patterns ahead of budget

THE RUPEE: mixed patterns ahead of budget

The rupee-dollar parity rates moved both ways on the money market on Thursday ahead of budget 2017-18, dealers said. The rupee slipped by two paisas in relation to the dollar for buying and selling at Rs 104.86 and Rs 04.88 respectively, they said.
Published 26 May, 2017 12:00am
Analysis: GDP growth rate: 4.4% not 5.3%
Cotton

Analysis: GDP growth rate: 4.4% not 5.3%

The Pakistan Bureau of Statistics (PBS) has just released the estimate of the Gross Domestic Product (GDP) of Pakistan for 2016-17. According to this estimate, the growth rate of the GDP is 5.3%. This is the first time since 2006-07 that the growth rate h
Published 26 May, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (May 25, 2017).

Published 26 May, 2017 12:00am
Analysis: GDP growth rate: 4.4% not 5.3%
Cotton

Analysis: GDP growth rate: 4.4% not 5.3%

The Pakistan Bureau of Statistics (PBS) has just released the estimate of the Gross Domestic Product (GDP) of Pakistan for 2016-17. According to this estimate, the growth rate of the GDP is 5.3%. This is the first time since 2006-07 that the growth rate h
Published 26 May, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (May 25, 2017).

Published 26 May, 2017 12:00am
Analysis: GDP growth rate: 4.4% not 5.3%
Cotton

Analysis: GDP growth rate: 4.4% not 5.3%

The Pakistan Bureau of Statistics (PBS) has just released the estimate of the Gross Domestic Product (GDP) of Pakistan for 2016-17. According to this estimate, the growth rate of the GDP is 5.3%. This is the first time since 2006-07 that the growth rate h
Published 26 May, 2017 12:00am
Analysis: Dar's speech lacks credibility
Exchange

Analysis: Dar's speech lacks credibility

If the Panama leaks opened a can of worms for the Prime Minister and his three children the review of the ongoing and the proposed Annual Plan 2017-18 leak from the Ministry of Planning, Development and Reforms took away the 'thunder' of the Economic Surv
Published 26 May, 2017 12:00am
Analysis: Dar's speech lacks credibility
Exchange

Analysis: Dar's speech lacks credibility

If the Panama leaks opened a can of worms for the Prime Minister and his three children the review of the ongoing and the proposed Annual Plan 2017-18 leak from the Ministry of Planning, Development and Reforms took away the 'thunder' of the Economic Surv
Published 26 May, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (May 25, 2017)

Published 26 May, 2017 12:00am
Analysis: Dar''s speech lacks credibility
Exchange

Analysis: Dar''s speech lacks credibility

If the Panama leaks opened a can of worms for the Prime Minister and his three children the review of the ongoing and the proposed Annual Plan 2017-18 leak from the Ministry of Planning, Development and Reforms took away the ''thunder'' of the Economic Su
Published 26 May, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (May 25, 2017).

Published 26 May, 2017 12:00am
Analysis: Unsustainable, non-inclusive growth

Analysis: Unsustainable, non-inclusive growth

The consumption-led growth is the highlight of the year. On expenditure-basis, consumption has grown in 2017 by 7.9 percent. By adding 1.3 percent investment growth, the aggregate demand increase reached 9.2 percent. Adding the net exports' (exports minus
Published 26 May, 2017 12:00am
Analysis: Unsustainable, non-inclusive growth

Analysis: Unsustainable, non-inclusive growth

The consumption-led growth is the highlight of the year. On expenditure-basis, consumption has grown in 2017 by 7.9 percent. By adding 1.3 percent investment growth, the aggregate demand increase reached 9.2 percent. Adding the net exports' (exports minus
Published 26 May, 2017 12:00am
Analysis: Unsustainable, non-inclusive growth

Analysis: Unsustainable, non-inclusive growth

The consumption-led growth is the highlight of the year. On expenditure-basis, consumption has grown in 2017 by 7.9 percent. By adding 1.3 percent investment growth, the aggregate demand increase reached 9.2 percent. Adding the net exports'' (exports minu
Published 26 May, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (May 25, 2017).

Published 26 May, 2017 12:00am
Druggists' no to Drap's labelling & packaging rules

Druggists' no to Drap's labelling & packaging rules

The Pakistan Chemists and Druggists Association has opposed the Drugs Regulatory Authority's proposed amendment in the drugs labelling and packaging rules for barcode labelling on medicines, saying that implementation of the rules is impossible in Pakista
Published 26 May, 2017 12:00am
Landing gears of Airbus A320 overhauled in PIA workshop
Exchange

Landing gears of Airbus A320 overhauled in PIA workshop

PIA Engineering & Maintenance department has achieved another milestone by successfully overhauling the landing gears of Airbus A320 Aircraft locally. This was stated by Sardar Mehtab Ahmad Khan, Advisor to Prime Minister on Aviation at a ceremony held at
Published 26 May, 2017 12:00am
Al Meezan holds seminar on Islamic investment
Mutual Funds

Al Meezan holds seminar on Islamic investment

Al Meezan Investments in collaboration with Central Depository Company, with the objective to create awareness on Islamic Investments & Capital Markets held a seminar on May 24, 2017. The objective of the session was to help educate both the current and p
Published 26 May, 2017 12:00am
Five Pakistani peacekeepers honoured

Five Pakistani peacekeepers honoured

The United Nations has honoured at a solemn ceremony 117 military, police and civilian personnel from 43 countries, including five Pakistanis, who lost their lives while serving in peacekeeping operations during 2016. The ceremony marked the annual Intern
Published 26 May, 2017 12:00am
Federating units agree to discuss early childhood education in IPEMC

Federating units agree to discuss early childhood education in IPEMC

The federating units have agreed to include early childhood education, teacher induction process, examination reforms and use of information technology in education for deliberation in the next agenda of Inter-Provincial Education Ministers Conference (IP
Published 26 May, 2017 12:00am
Government working for revival of country's image: Marriyum

Government working for revival of country's image: Marriyum

Minister of State for Information and Broadcasting Marriyum Aurangzeb has said that the government is working for the revival of the image of Pakistan which has been tarnished due to terrorism and extremism. During the national dialogue on 'Culture of Tol
Published 26 May, 2017 12:00am
2018 general election: speakers vow to ensure women's participation

2018 general election: speakers vow to ensure women's participation

Speakers at a conference on Thursday resolved to ensure women's meaningful participation in democratic process as both voters and candidates in the 2018 general election. The National Conference on 'Women's Political Emancipation: The Future of Pakistan'
Published 26 May, 2017 12:00am
Engro Polymer launches community health campaign

Engro Polymer launches community health campaign

As part of CSR strategy, Engro Polymer & Chemicals has started a Community Health Campaign with the aim at improving health conditions of poor communities by organising free health/medical checkup camps regularly throughout the year on different diseases
Published 26 May, 2017 12:00am
PCS to be revised from Monday
Exchange

PCS to be revised from Monday

Pakistan Stock Exchange has announced that the Post Close Session (PCS) shall be revised with effect from Monday, May 29, 2017. According to a notice issued by General Manager PSX Sani-e-Mehmood Khan, all orders that cannot be immediately executed in the
Published 26 May, 2017 12:00am
Pak-Afghan governments urged to separate trade ties from politics

Pak-Afghan governments urged to separate trade ties from politics

Chairman of Pakistan-Afghanistan Joint Chamber of Commerce and Industry (PAJCCI) Zubair Motiwala has urged the governments of Pakistan and Afghanistan to separate business and trade ties from political tensions and ensure strong security measures that are
Published 26 May, 2017 12:00am
Workshop for health reporters held at IBA

Workshop for health reporters held at IBA

The Institute of Business Administration's Centre for Excellence in Journalism held a two-day training workshop for nutrition and health reporters at the IBA's city campus. The workshop, held in collaboration with Nestlé Pakistan and titled, "Basics of he
Published 26 May, 2017 12:00am
PBIF for allocating funds to overcome water scarcity

PBIF for allocating funds to overcome water scarcity

President of Pakistan Businessmen and Intellectuals Forum (PBIF) Mian Zahid Hussain has demanded allocation of additional funds in the fiscal budget to overcome water scarcity. "Government should improve water availability in urban and rural areas using a
Published 26 May, 2017 12:00am
Team formed to investigate kidnapping of Chinese nationals

Team formed to investigate kidnapping of Chinese nationals

Inspector General in Balochistan on Thursday formed a three-member team to investigate kidnapping of Chinese nationals in Quetta. According to details, the security officers, supervised by Counter Terrorism Department (CTD) head, have launched an operatio
Published 26 May, 2017 12:00am
Journalism playing vital role for country's development: minister

Journalism playing vital role for country's development: minister

Provincial Minister for Information, Labour & Human Resources, Syed Nasir Hussain Shah has said the journalism in Pakistan has played vital role not only in development but also in restoration & continuation of democracy that is the reason the journalism
Published 26 May, 2017 12:00am
PSX office hours for Ramazan announced
Exchange

PSX office hours for Ramazan announced

Pakistan Stock Exchange has announced the market and office timing during the month of Ramazan. According to PSX notice, from Monday to Thursday pre-open timing would be from 09:00am to 09:15am. The order matching and confirmation period would be from 09:
Published 26 May, 2017 12:00am
Haleeb reduces milk price

Haleeb reduces milk price

Haleeb Foods has announced that it is actually reducing the price of its one litre and 250 ml packaged milk to facilitate the people in Ramadan. Haleeb believes that it is the consumers' basic right to get quality product at an affordable price and this n
Published 26 May, 2017 12:00am
Envoy to Uzbekistan seeks KCCI's help for promoting trade

Envoy to Uzbekistan seeks KCCI's help for promoting trade

Pakistan's new ambassador to Uzbekistan, Dr Irfan Yusuf Shami, has sought the Karachi Chamber's assistance in identifying bottlenecks hindering trade between Pakistan and Uzbekistan by seeking inputs from KCCI's members who have visited Uzbekistan, so tha
Published 26 May, 2017 12:00am
PMEX lists futures contract of natural gas, platinum
Exchange

PMEX lists futures contract of natural gas, platinum

Pakistan Mercantile Exchange (PMEX), the country's only multi-commodity futures exchange is relentlessly striving to broaden its product range by launching a diversified product mix. In this regard, PMEX has launched Cash Settled Futures Contracts of natu
Published 26 May, 2017 12:00am