News Archives for Print - 2017-05-28 - Business Recorder

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اردو

Apr 17, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Print - 2017-05-28

Zakat deduction: call to abolish bank holiday

Zakat deduction: call to abolish bank holiday

The President Lasbela Chamber of Commerce and Industry (LCCI), Ismail Suttar has said that there seems no reason why the banks take a day off on the first of Ramadan every year on the pretext of deducting Zakat from the savings account. He demanded of the

Published 28 May, 2017 12:00am

PMEX members: CGT on futures contracts to remain at five percent

Exchange

PMEX members: CGT on futures contracts to remain at five percent

The Capital Gains Tax (CGT) on futures commodity contracts, entered into by members of Pakistan Mercantile Exchange (PMEX), would be the same as it is for the Tax Year 2017 and would remain at 5 percent for filers and non-filers in Tax Year 2018 onwards.

Published 28 May, 2017 12:00am

PMEX members: CGT on futures contracts to remain at five percent

Exchange

PMEX members: CGT on futures contracts to remain at five percent

The Capital Gains Tax (CGT) on futures commodity contracts, entered into by members of Pakistan Mercantile Exchange (PMEX), would be the same as it is for the Tax Year 2017 and would remain at 5 percent for filers and non-filers in Tax Year 2018 onwards.

Published 28 May, 2017 12:00am

PMEX members: CGT on futures contracts to remain at five percent

Exchange

PMEX members: CGT on futures contracts to remain at five percent

The Capital Gains Tax (CGT) on futures commodity contracts, entered into by members of Pakistan Mercantile Exchange (PMEX), would be the same as it is for the Tax Year 2017 and would remain at 5 percent for filers and non-filers in Tax Year 2018 onwards.

Published 28 May, 2017 12:00am

PMEX members: CGT on futures contracts to remain at five percent

Exchange

PMEX members: CGT on futures contracts to remain at five percent

The Capital Gains Tax (CGT) on futures commodity contracts, entered into by members of Pakistan Mercantile Exchange (PMEX), would be the same as it is for the Tax Year 2017 and would remain at 5 percent for filers and non-filers in Tax Year 2018 onwards.

Published 28 May, 2017 12:00am

Finance Bill proposes 10 percent income tax on NPOs

Finance Bill proposes 10 percent income tax on NPOs

The federal government through Finance Bill 2017 has proposed income tax at the rate of 10 percent for all Non-Profit Organisations (NPOs) where there is surplus funds available with the NPO or in case administrative expenses claimed by NPO exceed 15 perc

Published 28 May, 2017 12:00am

Finance Bill proposes 10 percent income tax on NPOs

Finance Bill proposes 10 percent income tax on NPOs

The federal government through Finance Bill 2017 has proposed income tax at the rate of 10 percent for all Non-Profit Organisations (NPOs) where there is surplus funds available with the NPO or in case administrative expenses claimed by NPO exceed 15 perc

Published 28 May, 2017 12:00am

Finance Bill proposes 10 percent income tax on NPOs

Finance Bill proposes 10 percent income tax on NPOs

The federal government through Finance Bill 2017 has proposed income tax at the rate of 10 percent for all Non-Profit Organisations (NPOs) where there is surplus funds available with the NPO or in case administrative expenses claimed by NPO exceed 15 perc

Published 28 May, 2017 12:00am

Finance Bill proposes 10 percent income tax on NPOs

Finance Bill proposes 10 percent income tax on NPOs

The federal government through Finance Bill 2017 has proposed income tax at the rate of 10 percent for all Non-Profit Organisations (NPOs) where there is surplus funds available with the NPO or in case administrative expenses claimed by NPO exceed 15 perc

Published 28 May, 2017 12:00am

Stormy climate at G7 as Trump goes his own way

Stormy climate at G7 as Trump goes his own way

G7 nations on Saturday hit deadlock over climate change and strived to finesse divisions over trade, as US President Donald Trump rebuffed pressure to toe the collective line in the club of powerful democracies. Trump tweeted that he would reveal his hand

Published 28 May, 2017 12:00am

Stormy climate at G7 as Trump goes his own way

Stormy climate at G7 as Trump goes his own way

G7 nations on Saturday hit deadlock over climate change and strived to finesse divisions over trade, as US President Donald Trump rebuffed pressure to toe the collective line in the club of powerful democracies. Trump tweeted that he would reveal his hand

Published 28 May, 2017 12:00am

Stormy climate at G7 as Trump goes his own way

Stormy climate at G7 as Trump goes his own way

G7 nations on Saturday hit deadlock over climate change and strived to finesse divisions over trade, as US President Donald Trump rebuffed pressure to toe the collective line in the club of powerful democracies. Trump tweeted that he would reveal his hand

Published 28 May, 2017 12:00am

British Airways cancels flights from London as global IT outage causes chaos

British Airways cancels flights from London as global IT outage causes chaos

British Airways has cancelled all its flights from London's two biggest airports until Saturday evening after a global computer system outage caused confusion and chaos, with thousands of passengers queuing for hours and planes left stuck on runways. The

Published 28 May, 2017 12:00am

British Airways cancels flights from London as global IT outage causes chaos

British Airways cancels flights from London as global IT outage causes chaos

British Airways has cancelled all its flights from London's two biggest airports until Saturday evening after a global computer system outage caused confusion and chaos, with thousands of passengers queuing for hours and planes left stuck on runways. The

Published 28 May, 2017 12:00am

British Airways cancels flights from London as global IT outage causes chaos

British Airways cancels flights from London as global IT outage causes chaos

British Airways has cancelled all its flights from London''s two biggest airports until Saturday evening after a global computer system outage caused confusion and chaos, with thousands of passengers queuing for hours and planes left stuck on runways. The

Published 28 May, 2017 12:00am

Chaman border reopened

Chaman border reopened

Pakistan announced it was reopening Chaman border at the start of the holy month of Ramazan on Saturday, weeks after bloody clashes broke out between Pakistan and Afghanistan's militaries in the area. Islamabad decided to close the major crossing at Chama

Published 28 May, 2017 12:00am

Chaman border reopened

Chaman border reopened

Pakistan announced it was reopening Chaman border at the start of the holy month of Ramazan on Saturday, weeks after bloody clashes broke out between Pakistan and Afghanistan's militaries in the area. Islamabad decided to close the major crossing at Chama

Published 28 May, 2017 12:00am

1st round of Cooperation Dialogue held in Beijing

Exchange

1st round of Cooperation Dialogue held in Beijing

The first round of China-Afghanistan-Pakistan Practical Co-operation Dialogue was held in Beijing on 27 May 2017. The Dialogue was co-chaired by Director General Mansoor Ahmad Khan of Pakistan's Ministry of Foreign Affairs, Director General Xiao Qian from

Published 28 May, 2017 12:00am

1st round of Cooperation Dialogue held in Beijing

Exchange

1st round of Cooperation Dialogue held in Beijing

The first round of China-Afghanistan-Pakistan Practical Co-operation Dialogue was held in Beijing on 27 May 2017. The Dialogue was co-chaired by Director General Mansoor Ahmad Khan of Pakistan's Ministry of Foreign Affairs, Director General Xiao Qian from

Published 28 May, 2017 12:00am

13 dead as Taliban car bomber hits CIA-funded Afghan militia

13 dead as Taliban car bomber hits CIA-funded Afghan militia

A Taliban car bomber killed 13 people in Afghanistan's Khost city on Saturday, in the first major attack at the start of the holy month of Ramazan that targeted a CIA-funded militia group. The powerful explosion in the eastern Afghan city, which also woun

Published 28 May, 2017 12:00am

13 dead as Taliban car bomber hits CIA-funded Afghan militia

13 dead as Taliban car bomber hits CIA-funded Afghan militia

A Taliban car bomber killed 13 people in Afghanistan's Khost city on Saturday, in the first major attack at the start of the holy month of Ramazan that targeted a CIA-funded militia group. The powerful explosion in the eastern Afghan city, which also woun

Published 28 May, 2017 12:00am

Iranian mortar fire kills man in Balochistan

Iranian mortar fire kills man in Balochistan

A man was killed in mortar shelling from the Iranian side of the border in Panjgur district of Balochistan on Saturday morning. The Deputy Commissioner (DC) of Panjgur said a mortar shell landed on a vehicle, instantly killing one man inside and causing e

Published 28 May, 2017 12:00am

Iranian mortar fire kills man in Balochistan

Iranian mortar fire kills man in Balochistan

A man was killed in mortar shelling from the Iranian side of the border in Panjgur district of Balochistan on Saturday morning. The Deputy Commissioner (DC) of Panjgur said a mortar shell landed on a vehicle, instantly killing one man inside and causing e

Published 28 May, 2017 12:00am

LHCBA defers anti-Nawaz protest

LHCBA defers anti-Nawaz protest

The Lahore High Court Bar Association (LHCBA) deferred the plan of movement against Prime Minister Nawaz Sharif till after Eidul Fitr to press him to tender resignation in the wake of Panama leaks. The LHCBA and SCBA on May 20 had given a seven-day deadli

Published 28 May, 2017 12:00am

Businessman levels allegations against rival group, Sindh government

Businessman levels allegations against rival group, Sindh government

A Karachi-based businessman Shahzad Riaz has claimed that he has been doing business of import and sales of tractors in Pakistan for more than 12 years and contributing a huge amount to the treasury through tax payments, which are in hundreds of millions.

Published 28 May, 2017 12:00am

Businessman levels allegations against rival group, Sindh government

Businessman levels allegations against rival group, Sindh government

A Karachi-based businessman Shahzad Riaz has claimed that he has been doing business of import and sales of tractors in Pakistan for more than 12 years and contributing a huge amount to the treasury through tax payments, which are in hundreds of millions.

Published 28 May, 2017 12:00am

Businessman levels allegations against rival group, Sindh government

Businessman levels allegations against rival group, Sindh government

A Karachi-based businessman Shahzad Riaz has claimed that he has been doing business of import and sales of tractors in Pakistan for more than 12 years and contributing a huge amount to the treasury through tax payments, which are in hundreds of millions.

Published 28 May, 2017 12:00am

2 PTI MPs arrested for ransacking PESCO offices

2 PTI MPs arrested for ransacking PESCO offices

Attacks on WAPDA installations continue as power load shedding increased in the province with soaring temperature. District administration of Malakand on Saturday arrested the PTI affiliated MNA Junaid Akbar Khan and MPA Shakeel Khan, an advisor to Chief

Published 28 May, 2017 12:00am

2 PTI MPs arrested for ransacking PESCO offices

2 PTI MPs arrested for ransacking PESCO offices

Attacks on WAPDA installations continue as power load shedding increased in the province with soaring temperature. District administration of Malakand on Saturday arrested the PTI affiliated MNA Junaid Akbar Khan and MPA Shakeel Khan, an advisor to Chief

Published 28 May, 2017 12:00am

Turkey formally arrests newspaper staff over suspected coup links

Turkey formally arrests newspaper staff over suspected coup links

A Turkish court formally arrested two opposition newspaper employees late on Friday, the state-run Anadolu news agency and the newspaper said, as part of a media crackdown that has alarmed rights groups and Turkey's Western allies. Last week, Turkey issue

Published 28 May, 2017 12:00am

Sri Lanka steps up monsoon relief as toll hits 113

Sri Lanka steps up monsoon relief as toll hits 113

Sri Lanka stepped up its military-led relief operations Saturday as nearly half a million people were displaced after a monsoon deluge killed at least 113 people. Rainfall on Friday triggered the worst flooding and landslides in 14 years in the southern a

Published 28 May, 2017 12:00am

Pope hits out at financial speculators

Pope hits out at financial speculators

Pope Francis earned a rapturous reception on a visit to a struggling steel factory in northern Italy on Saturday as he denounced financial speculators and demanded dignity for working people. "Without work for all there will not be dignity for all," the p

Published 28 May, 2017 12:00am

Pope hits out at financial speculators

Pope hits out at financial speculators

Pope Francis earned a rapturous reception on a visit to a struggling steel factory in northern Italy on Saturday as he denounced financial speculators and demanded dignity for working people. "Without work for all there will not be dignity for all," the p

Published 28 May, 2017 12:00am

SC special bench to hear Hussain's plea tomorrow

Exchange

SC special bench to hear Hussain's plea tomorrow

A three-judge Special Bench of the Supreme Court will hear the plea of Prime Minister Nawaz Sharif's elder son Hussain Nawaz, who has expressed reservations over two members of joint investigation team (JIT) probing the Panama Papers scam, on May 29. On M

Published 28 May, 2017 12:00am

SC special bench to hear Hussain's plea tomorrow

Exchange

SC special bench to hear Hussain's plea tomorrow

A three-judge Special Bench of the Supreme Court will hear the plea of Prime Minister Nawaz Sharif's elder son Hussain Nawaz, who has expressed reservations over two members of joint investigation team (JIT) probing the Panama Papers scam, on May 29. On M

Published 28 May, 2017 12:00am

Recover the Chinese teachers

Recover the Chinese teachers

Notwithstanding the government's repeated claims of having secured the province against lawlessness and violence, Balochistan remains a rich harvest to reap by kidnappers. In the latest kidnapping, on Wednesday, two Chinese teachers were abducted from the

Published 28 May, 2017 12:00am

Massacre in Manchester

Massacre in Manchester

As against mainland Europe where quite a few population centres came under terrorist attacks claimed by the Islamic State, cities in the United Kingdom had enjoyed relative peace. Back in July 2005, the London transport system was struck by suicide bombin

Published 28 May, 2017 12:00am

Rouhani's election

Rouhani's election

The recent presidential election in Iran was keenly watched by many interested outsiders as the Iranians participated enthusiastically to make their choice between two main moderate and hard-line candidates. The people turned out in unusually large number

Published 28 May, 2017 12:00am

Imperative for national narrative

Imperative for national narrative

The vulnerability of Pakistan to terrorism continues to remain high at least in the medium term in view of the multiplicity of factors including the potential radicalization of wide range of alienated and misguided groups, perceived sense of political ali

Published 28 May, 2017 12:00am

As Senegal's coast crumbles, residents ponder move to safer ground

As Senegal's coast crumbles, residents ponder move to safer ground

Cheikh Badiane, a weathered fisherman, looks out to sea from the edge of his neighbourhood in the north Senegalese city of Saint-Louis. Behind him is a densely populated fishing quarter, where buildings rise haphazardly, and children and animals fill narr

Published 28 May, 2017 12:00am

Opec ponders how to co-exist with US shale oil

Opec ponders how to co-exist with US shale oil

First, they ignored each other. Then, they went into a bruising fight. Finally, they are talking, albeit with opposing agendas. The history of the relationship between Opec and the US shale oil industry has evolved a great deal since the cartel discovered

Published 28 May, 2017 12:00am

'President's salary increased to Rs 1.6 million'

'President's salary increased to Rs 1.6 million'

This is apropos a Business Recorder news item "President's salary increased to Rs 1.6m" carried by the newspaper yesterday. According to it, the government has increased salary of the President from Rs 1 million to Rs 1.6 million in the federal bud

Published 28 May, 2017 12:00am

Ulema issue verdict against terrorism, extremism

Ulema issue verdict against terrorism, extremism

Religious scholars belonging to all schools of thought including Wafaq-ul-Madaris Pakistan, Wafaq-ul-Madaris Al-Arabia, Pakistan Ulem Council and Dar-ul-Uloom Karachi have unanimously issued a verdict against terrorism and extremism.

Published 28 May, 2017 12:00am

Lasbela Chamber chief terms budget 'balanced'

Lasbela Chamber chief terms budget 'balanced'

President of Lasbela Chamber of Commerce and Industry (LCCI), Ismail Suttar has said that the budget 2017-18 seems to be an initiative to give relief to the common people to some extent. It may be called investment promotion and to boost agriculture produ

Published 28 May, 2017 12:00am

Budget fiscal year 2018 criticised

Budget fiscal year 2018 criticised

The government budget directly affects socio-economic living conditions of people. The federal government has unfolded its fifth 'ad hoc' budget, with window dressing of various sectors without setting any direction for viable development, according to Pa

Published 28 May, 2017 12:00am

Budget fiscal year 2018 criticised

Budget fiscal year 2018 criticised

The government budget directly affects socio-economic living conditions of people. The federal government has unfolded its fifth 'ad hoc' budget, with window dressing of various sectors without setting any direction for viable development, according to Pa

Published 28 May, 2017 12:00am

Machinery & equipment AGP detects unauthorized expenditure on procurement

Machinery & equipment AGP detects unauthorized expenditure on procurement

The Auditor General of Pakistan (AGP) has detected seven cases of the unauthorized expenditures on procurement of machinery and equipment, festival, publicity and promotion to the tune of Rs 53.47 million in the public sector enterprises (PSEs) of Khyber

Published 28 May, 2017 12:00am

No load-shedding during Sehar, Iftar: government

No load-shedding during Sehar, Iftar: government

The government once again claimed on Saturday that there will be no electricity load shedding during Sehar and Iftar timings. Spokesperson for the Ministry of Water and Power announced that urban areas will face four hours of power cuts and six hours of l

Published 28 May, 2017 12:00am

One killed in Larkana firing

Exchange

One killed in Larkana firing

One person was killed and three others injured in firing of armed men over a petty issue here on Saturday. Police said that the accused after exchange of hot words over petty issue opened straight fire in Goth Dhamrah of Larkana. One person was killed on

Published 28 May, 2017 12:00am

PBIF lauds Prime Minister, his team for raise in GDP

Exchange

PBIF lauds Prime Minister, his team for raise in GDP

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain, has said that economy is growing at a fast pace but threats and vulnerabilities have also increased which must be tackled. Lauding the Prime Minister Nawaz Sharif and his t

Published 28 May, 2017 12:00am

Fishermen urges government to protect water sources

Fishermen urges government to protect water sources

Fishermen on Saturday protested against the 'occupation' of fresh water sources across Sindh, asking the government to implement the law to protect their living. They were holding banners and placards inscribed with slogans for the rights of fishermen. A

Published 28 May, 2017 12:00am

SBP issues timings for Ramazan

SBP issues timings for Ramazan

The State Bank of Pakistan (SBP) has issued timings for availing SBP Overnight Repo/Reverse-Repo Facilities during the month of Ramazan-ul-Mubarak. According to SBP May 30, 2017 to June 02, 2017 (Tuesday to Friday) time for Overnight Repo/Reverse Repo Fac

Published 28 May, 2017 12:00am

FPCCI seeks reduction in corporate tax

FPCCI seeks reduction in corporate tax

Zubair Tufail, President Federation Pakistan Chamber of Commerce and Industry (FPCCI) Saturday expressed satisfaction over the proposed budget 2017-18 and urged for reduction in corporate tax to attract the foreign investors. Addressing a press conference

Published 28 May, 2017 12:00am

'Halal food export sector gets no attention in budget'

Exchange

'Halal food export sector gets no attention in budget'

All Pakistan Halal Meat Exporters & Processors Association (AHMEPA) Chairman Nasib Ahmad Saifi has regretted that the federal government has given no attention to the halal food export sector in the proposed Budget 2017-18. This sector, if patronized and

Published 28 May, 2017 12:00am

US, Japan agree to enhance North Korea sanctions: White House

US, Japan agree to enhance North Korea sanctions: White House

US President Donald Trump and Japanese Prime Minister Shinzo Abe agreed on Friday to expand sanctions against North Korea over its continued development of nuclear weapons and ballistic missiles, the White House said. Pyongyang has carried out repeated mi

Published 28 May, 2017 12:00am

South Korean-skippered vessel outruns Somali 'pirates'

South Korean-skippered vessel outruns Somali 'pirates'

A fishing vessel, initially believed to have been hijacked off the Somalian coast early Saturday, was confirmed to be operating as normal, the South Korean foreign ministry said. The Mongolian-flagged ship - with a South Korean captain, and two South Kore

Published 28 May, 2017 12:00am

White House shaken as Russia probe pierces Trump's inner circle

White House shaken as Russia probe pierces Trump's inner circle

The probe into Russia's role in the US election pierced the innermost circle of the White House Saturday, with reports that Donald Trump's son-in-law sought a secret communications line with Moscow - the most damning allegation yet from the scandal.

Published 28 May, 2017 12:00am

China slashes out-of-quota sugar import permits

China slashes out-of-quota sugar import permits

China has slashed its out-of-quota sugar import permits this year to almost half of last year's allowance, according to two sources familiar with the matter, the latest step by the world's top sugar importer to curb shipments from abroad. China will grant

Published 28 May, 2017 12:00am

Top grains traders face tough choice: partner, merge or wait for bad weather

Top grains traders face tough choice: partner, merge or wait for bad weather

Commodity trader Glencore Plc's confirmation on Tuesday that it sought a tie up with grains trader Bunge Ltd likely signals the start of a wave of consolidation and partnering in the industry, as middlemen struggle to make profits amid a massive global fo

Published 28 May, 2017 12:00am

IGC sees higher grains consumption for 2017-18

IGC sees higher grains consumption for 2017-18

The International Grains Council raised its forecast for global grains consumption for 2017/18 on Thursday, signalling a bigger drawdown of world stocks than previously expected. The IGC, in its monthly report, revised its global grains consumption estima

Published 28 May, 2017 12:00am

London's gold benchmark hit by volatility after banks exit

Exchange

London's gold benchmark hit by volatility after banks exit

London's gold benchmark experienced large, unpredictable fluctuations after some banks left the auction that sets the price relied upon by the $5 trillion-a-year bullion market, according to a Reuters analysis of trading data. The benchmark is meant to be

Published 28 May, 2017 12:00am

BUDGET BRIEFING 2017: Comments on Finance Bill 2017

Cotton

BUDGET BRIEFING 2017: Comments on Finance Bill 2017

Income Tax:

Published 28 May, 2017 12:00am

BUDGET BRIEFING 2017: Comments on Finance Bill 2017

Cotton

BUDGET BRIEFING 2017: Comments on Finance Bill 2017

Income Tax:

Published 28 May, 2017 12:00am

BUDGET BRIEFING 2017: Comments on Finance Bill 2017

Cotton

BUDGET BRIEFING 2017: Comments on Finance Bill 2017

Income Tax:

Published 28 May, 2017 12:00am

BUDGET BRIEFING 2017: Comments on Finance Bill 2017

Cotton

BUDGET BRIEFING 2017: Comments on Finance Bill 2017

Income Tax:

Published 28 May, 2017 12:00am

Body formed for fixing prices of fruits, vegetables

Body formed for fixing prices of fruits, vegetables

District Administration Peshawar has constituted special committee headed by Additional Deputy Commissioner (ADC), Fayyaz Sherpao for fixing official price list after review of the auctions in fruit and vegetable markets on daily basis during the wee hour

Published 28 May, 2017 12:00am

Kidnapping cases surge in Islamabad

Kidnapping cases surge in Islamabad

The incidents of kidnapping registered an upward trend while cases of robberies and auto thefts witnessed a decline during the last week in the federal Capital. According to data gathered by Business Recorder here on Saturday, various police statio

Published 28 May, 2017 12:00am

Government not serious about Fata reforms: Senator Babar

Government not serious about Fata reforms: Senator Babar

If sitting government was serious on FATA reforms, then there should have been any mention on FATA reforms in the last day announced Budget. This was stated by Senator Farhatullah Babar, while chairing a seminar, "Backtracking on FATA reforms" arranged by

Published 28 May, 2017 12:00am

Trump extends best wishes for Ramazan

Trump extends best wishes for Ramazan

United States President Donald Trump wished all Muslims a joyful Ramazan and extended his best wishes for a blessed month on Friday. Trump said in his message on the eve of Ramazan, "I extended my best wishes to the Muslims everywhere for a blessed month

Published 28 May, 2017 12:00am

Trump extends best wishes for Ramazan

Trump extends best wishes for Ramazan

United States President Donald Trump wished all Muslims a joyful Ramazan and extended his best wishes for a blessed month on Friday. Trump said in his message on the eve of Ramazan, "I extended my best wishes to the Muslims everywhere for a blessed month

Published 28 May, 2017 12:00am

Three Pakistani nationals held in Bengaluru

Three Pakistani nationals held in Bengaluru

Three Pakistani nationals and one Indian were arrested in Bengaluru, for allegedly staying in India under fake identities. They were living in South Bengaluru's Kumaraswamy Layout for the past nine months. Besides their Pakistani passports, the trio was f

Published 28 May, 2017 12:00am

Pak-India tension can be devastating for South Asia: Gilani

Pak-India tension can be devastating for South Asia: Gilani

All Parties Hurriyet Conference (APHC) Chairman, Syed Ali Gilani on Saturday said that the escalating tension between India and Pakistan can lead to a devastating situation for entire South Asia. Syed Ali Gilani in a statement issued in Srinagar said that

Published 28 May, 2017 12:00am

Sri Lanka assured of floods relief goods

Sri Lanka assured of floods relief goods

Acting High Commissioner of Pakistan, Dr Sarfraz Ahmad Khan Sipra, in his message to the people and Government of Sri Lanka has said that the people and Government of Pakistan are aggrieved over the floods and mudslides triggered by Monsoon rains in Sri L

Published 28 May, 2017 12:00am

KP government to conduct fresh survey of child labour

KP government to conduct fresh survey of child labour

Kp government has decided to conduct a survey of child labour to ascertain fresh statistics of such children in the province. This has been stated in a reply to question of ANP MPA Syed Jaffar Shah by the Directorate of Labour. The reply was submitted to

Published 28 May, 2017 12:00am

PTI workers storm Peshawar's grid station again

Exchange

PTI workers storm Peshawar's grid station again

Dozens of Pakistan Tehreek-e-Insaf (PTI) workers led by local MPA Fazal Elahi stormed the Rehman Baba grid station in the Hazar Khwani area of the city on Saturday. After yesterday's attack, Fazal Elahi once again reached Rehman Baba grid station with com

Published 28 May, 2017 12:00am

Milk shop sealed inadvertently

Milk shop sealed inadvertently

Three workers were stranded inside when the excise department officials 'wrongly' sealed a milk shop over non-payment of taxes near Nawa Sheher Chowk, Multan in the early hours of Saturday. According to sources, the milk shop owner had paid the taxes. The

Published 28 May, 2017 12:00am

Significance of print media highlighted

Significance of print media highlighted

Speakers at a roundtable discussion said that print media is still considered a highly worthy and credible source of information in Pakistan, therefore, government needs to take effective steps towards resolution of issues faced by working journalists in

Published 28 May, 2017 12:00am

Rs 40 billion earmarked for Railways for fiscal year 2018

Rs 40 billion earmarked for Railways for fiscal year 2018

The government has earmarked Rs 40 billion for Pakistan Railways (PR) for the fiscal year 2017-18 to meet its losses against Rs 37 billion allocated for 2016-17 as Railways earnings witnessed a decline in the current fiscal year, revealed budget documents

Published 28 May, 2017 12:00am

Rs 40 billion earmarked for Railways for fiscal year 2018

Rs 40 billion earmarked for Railways for fiscal year 2018

The government has earmarked Rs 40 billion for Pakistan Railways (PR) for the fiscal year 2017-18 to meet its losses against Rs 37 billion allocated for 2016-17 as Railways earnings witnessed a decline in the current fiscal year, revealed budget documents

Published 28 May, 2017 12:00am

Dadu-Jamshoro transmission line energized

Dadu-Jamshoro transmission line energized

The National Transmission and Despatch Company Ltd (NTDC) engineers energized 500 kV Dadu-Jamshoro transmission line (circuit-II) after rehabilitation of its two towers damaged during the recent cyclone in Sindh. It was one of the difficult terrain betwee

Published 28 May, 2017 12:00am

Prices of essential kitchen items witness increase

Prices of essential kitchen items witness increase

Prices of the essential kitchen items, especially of fruit and vegetables, have witnessed an increase during the last week past as compared with the preceding week, a survey carried out by Business Recorder revealed here on Saturday. The survey obs

Published 28 May, 2017 12:00am

Hyderabad's small traders hail budget

Hyderabad's small traders hail budget

The office-bearers of Hyderabad Chamber of Small Traders and Small Industry have termed the Budget 2017-2018 as balanced, adding the federal finance minister had tried to provide relief to common man. President HCSTSI Muhammad Akram Ansari has termed the

Published 28 May, 2017 12:00am

Hyderabad's small traders hail budget

Hyderabad's small traders hail budget

The office-bearers of Hyderabad Chamber of Small Traders and Small Industry have termed the Budget 2017-2018 as balanced, adding the federal finance minister had tried to provide relief to common man. President HCSTSI Muhammad Akram Ansari has termed the

Published 28 May, 2017 12:00am

Labourers term meagre raise in wages 'shameful'

Labourers term meagre raise in wages 'shameful'

Laborers, rejecting the federal budget for fiscal year 2017-18, have termed it public as well as worker enemy, and said it has been prepared to please the capitalists. The labor leaders said members of assembly have doubled their salaries, whereas, the wa

Published 28 May, 2017 12:00am

Cement prices may increase by Rs 12 per bag

Cement prices may increase by Rs 12 per bag

The price of cement is likely to increase by Rs 12 per 50-kg bag after an increase in federal excise duty (FED) from Rs 1 to Rs 1.25 per kg as per federal budget 2017-18, market experts said Saturday. According to experts the increase comes despite cement

Published 28 May, 2017 12:00am

Stationery items: proposal to restore GST zero-rating dropped

Stationery items: proposal to restore GST zero-rating dropped

The Federal Board of Revenue (FBR) has dropped a major budgetary proposal pertaining to education system. The proposal sought to restore sales tax zero-rating on stationery items having revenue implications of Rs 700 million. Industry sources told Busi

Published 28 May, 2017 12:00am

Minister directs to ensure security in Ramazan

Sindh Home Minister Sohail Anwar Khan Siyal has issued directives to Special Branch and CTD Police to adopt extraordinary measures to raise standard of intelligence and ensure coordination with the police throughout the province for a peaceful environment
Published 28 May, 2017 12:00am

PTI leader, his guards: ATC awards death sentence to seven

An Anti Terrorism Court (ATC) on Saturday handed down death sentence for eight times to the killers of Pakistan Tehreek-e-Insaf (PTI) leader Masood Bhatti and his guards. The ATC pronounced its verdict yesterday. The court awarded death sentence to seven
Published 28 May, 2017 12:00am

RD on import of cellphones to raise more revenue

The replacement of customs duty with regulatory duty on the import of mobile phones would generate Rs 5 billion and exemption of customs duty and imposition of regulatory duty (RD) on the import of telecommunication items/apparatus would raise additional
Published 28 May, 2017 12:00am

Cigarette FED structure made three-tier

The Federal Board of Revenue (FBR) has introduced a new tier/slab for enhancement in rates of Federal Excise Duty (FED) on cigarettes, making duty structure under three tiers. According to experts, FED has been charged on cigarettes on the basis of specif
Published 28 May, 2017 12:00am

40 patients die as doctors' strike enters fourth day

The ongoing young doctors' strike at Ayub Medical College has taken lives of as many as 40 patients in the last four days however, no action has been taken by Khyber Pakhtunkhwa (KP) government so far. The protesters boycotted educational activities at th
Published 28 May, 2017 12:00am

Stunting among children: WB approves credit of $61.6 million for Pakistan

The World Bank approved a credit of $61.6 million here on the other day to contribute to the reduction of stunting among children under five years of age in Pakistan by targeting the most affected districts in the province of Sindh, where children are bel
Published 28 May, 2017 12:00am

Stunting among children: WB approves credit of $61.6 million for Pakistan

The World Bank approved a credit of $61.6 million here on the other day to contribute to the reduction of stunting among children under five years of age in Pakistan by targeting the most affected districts in the province of Sindh, where children are bel
Published 28 May, 2017 12:00am

PHMA rejects Lesco load-shedding notice to industry

The Lahore Electric Supply Company (LESCO), within 24 hours of the finance minister commitment of zero-load shedding for industrial units during his budget speech on Friday, has sent a notice to the industry for power supply suspension of around 10 hours
Published 28 May, 2017 12:00am

'Youm-e-Takbeer' being marked today

The 'Youm-e-Takbeer' will be marked today (Sunday) to commemorate the successful conduct of nuclear tests on May 28, 1998, with a resolve to defend the country against any aggression. The day is celebrated every year with great enthusiasm to remind the st
Published 28 May, 2017 12:00am

LCCI office's Ramazan timings

The Lahore Chamber of Commerce and Industry (LCCI) office timings have been rescheduled for the holy month of Ramazan. During the month of Ramazan, the LCCI will remain open from 9:00 am to 3:00 pm without any break while on Fridays the Chamber will work
Published 28 May, 2017 12:00am

Punjab ADP will provide relief to masses: CM

Chief Minister Punjab Muhammad Shahbaz Sharif presided over a meeting here Saturday to review priorities of Annual Development Programme (ADP) 2017-18. Addressing the meeting, Punjab CM said special attention should be paid to the development of social se
Published 28 May, 2017 12:00am

Shopkeepers fleecing consumers in Sialkot

People belonging to different walks of life have strongly criticized the poor performance of the district administration as a result of which the shopkeepers fleecing the consumers with both the hands in Sialkot and in other tehsils of the district. They
Published 28 May, 2017 12:00am

International bodies working for eradication of hepatitis from Pakistan

International bodies like CDC (Center of Disease Control) in Atlanta, Georgia, World Bank and Harvard Medical College are all forthcoming in working with Pakistan Kidney & Liver Institute (PKLI) to eliminate hepatitis from Pakistan. This was revealed in a
Published 28 May, 2017 12:00am

Exchange
'Halal food export sector gets no attention in budget'

All Pakistan Halal Meat Exporters & Processors Association (AHMEPA) Chairman Nasib Ahmad Saifi has regretted that the federal government has given no attention to the halal food export sector in the proposed Budget 2017-18. This sector, if patronized and
Published 28 May, 2017 12:00am

Previous Day

Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / Apr 17

280.67

USD PKR Interbank Buying / Apr 17

280.47

USD to Japanese Yen / Apr 17

142.81

USD to Swiss Franc / Apr 17

0.82

Pound Sterling to USD / Apr 17

1.32

Euro to USD / Apr 17

1.14

UK LIBOR % / Apr 16

4.96

Stock Volume

S&P 500 / Apr 16

5,275.70

Nasdaq / Apr 16

16,307.16

FTSE 100 / Apr 16

8,275.60

Dow Jones / Apr 16

39,669.39

Germany DAX 30 / Apr 16

21,311.02

France CAC40 / Apr 16

7,329.97

India Sensex / Apr 17

77,621.26

Tokyo Nikkei / Apr 17

34,285.53

Hang Seng / Apr 17

21,352.47

Item Value

Karachi Cotton PKR/37.32 KG / Apr 16

16,985

Gold 10 Grams PKR / Apr 16

298,353

Petrol/Litre / Apr 17

254.63

Crude Oil USD/Barrel / Apr 17

63.25

Gold Spot USD/Ounce / Apr 17

3,331.95

Diesel/Litre / Apr 17

258.64

Cotton US¢/pound / Apr 17

66.66

Gainers
Losers
Leaders

Stock Price

Ghazi Fabrics / Apr 17

Ghazi Fabrics International Limited(GFIL)

8.36

▲ 1 (13.59%)

Escorts Bank / Apr 17

Escorts Investment Bank Limited(ESBL)

6.75

▲ 0.67 (11.02%)

Chakwal Spinning / Apr 17

Chakwal Spinning Mills Limited(CWSM)

57.93

▲ 5.27 (10.01%)

Shezan Inter. / Apr 17

Shezan International Limited(SHEZ)

148.43

▲ 13.49 (10%)

At-Tahur Ltd. / Apr 17

At-Tahur Limited(PREMA)

58.09

▲ 5.28 (10%)

S.S.Oil / Apr 17

S.S.Oil Mills Limited(SSOM)

244.59

▲ 22.24 (10%)

Gillette Pak / Apr 17

Gillette Pakistan Limited(GLPL)

185.88

▲ 16.9 (10%)

Trust Sec.& Brok. / Apr 17

Trust Securities & Brokerage Limited(TSBL)

13.97

▲ 1.27 (10%)

Bolan Casting / Apr 17

Bolan Castings Limited(BCL)

104.06

▲ 9.46 (10%)

Pak Gulf Leasing / Apr 17

Pak-Gulf Leasing Company Limited(PGLC)

21.89

▲ 1.99 (10%)

Stock Price

Oilboy Energy(R) / Apr 17

Oilboy Energy Limited(R)(OBOYR2)

1.13

▼ -0.25 (-18.12%)

Gulshan Sp. / Apr 17

Gulshan Spinning Mills Limited(GSPM)

3.50

▼ -0.44 (-11.17%)

Fateh Ind. / Apr 17

Fateh Industries Limited(FIL)

119.55

▼ -13.28 (-10%)

Blue-Ex Ltd / Apr 17

Blue-Ex Limited (GEM)(GEMBLUEX)

56.69

▼ -6.29 (-9.99%)

Apna Microfin. / Apr 17

Apna Microfinance Bank Limited(AMBL)

10.17

▼ -1.11 (-9.84%)

Jubilee Gen. Ins. / Apr 17

Jubilee General Insurance Limited(JGICL)

49.20

▼ -5.02 (-9.26%)

Mughal Energy / Apr 17

Mughal Energy Limited(GEM)(GEMMEL)

20

▼ -2.02 (-9.17%)

The Thal Ind.Corp. / Apr 17

The Thal Industries Corporation Limited(TICL)

331.04

▼ -28.97 (-8.05%)

IbrahimFibres / Apr 17

Ibrahim Fibres Limited(IBFL)

320.51

▼ -27.89 (-8.01%)

ZIL Limited / Apr 17

ZIL Limited(ZIL)

331.51

▼ -28.69 (-7.97%)

Stock Volume

B.O.Punjab / Apr 17

The Bank of Punjab(BOP)

20,708,337

▲ 0.14

Maple Leaf Cement / Apr 17

Maple Leaf Cement Factory Limited(MLCF)

16,076,759

▲ 2.55

National Bank / Apr 17

National Bank of Pakistan(NBP)

14,651,986

▲ 5.04

Cnergyico PK / Apr 17

Cnergyico PK Limited(CNERGY)

14,198,610

▲ 0.01

Fauji Cement / Apr 17

Fauji Cement Company Limited(FCCL)

11,633,241

▲ 1.18

United BankXD / Apr 17

United Bank Limited(UBL)

10,504,395

▲ 12.82

Hascol Petrol / Apr 17

Hascol Petroleum Limited(HASCOL)

8,722,170

▲ 0.23

WorldCall Telecom / Apr 17

Worldcall Telecom Limited(WTL)

8,482,488

▲ 0

K-Electric Ltd. / Apr 17

K-Electric Limited(KEL)

8,045,381

▲ 0.04

Pak Elektron / Apr 17

Pak Elektron Limited(PAEL)

7,343,585

▲ 0.58

Markets →

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Baggasse-fired IPPs: Nepra set to approve 60% hike in FCC

Gold price per tola jumps Rs8,600 to another all-time high in Pakistan

NJLI Sarmaya Growth Fund Rates

SRO 592(1)/2025 attracts criticism from steel sector

CCP slaps Rs25m fine on Hyundai for misleading Tucson launch offer

Rightsizing: govt decides to axe 30,968 posts

Rs1.275trn loan to tackle circular debt: CPPA-G likely to sign term sheets with 18 banks

Pakistan may buy more cotton, soybean from US

Issue of stuck 1,200 Iranian trucks: summary to revise barter trade policy with Iran on the cards

Rs1.275trn loan to tackle circular debt: CPPA-G likely to sign term sheets with 18 banks

Gold price per tola jumps Rs8,600 to another all-time high in Pakistan

NJLI Sarmaya Growth Fund Rates

Pakistan sees sharp decline in worker emigration to UAE: report

Relief for the salaried people

Punjab’s wheat policy: playing with fire

Held-up GST returns: FTO bars FBR from imposing penalties on registered persons

Renewable energy push: Nepra may approve tariff of KE’s 2 PV solar projects

Salaried class: Call for revision of tax slabs, rise in exemption limits

NJLI Sarmaya Growth Fund Rates

Punjab’s wheat policy: playing with fire

Rs1.275trn loan to tackle circular debt: CPPA-G likely to sign term sheets with 18 banks

Gold price per tola jumps Rs8,600 to another all-time high in Pakistan

Salaried class: Call for revision of tax slabs, rise in exemption limits

Pakistan sees sharp decline in worker emigration to UAE: report

Export-oriented growth: Banks agree to lend a helping hand

Relief for the salaried people

Baggasse-fired IPPs: Nepra set to approve 60% hike in FCC

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