Co-Chairman of Pakistan Peoples Party (PPP) Asif Ali Zardari slammed Prime Minister Nawaz Sharif and Pakistan Tehreek-e-Insaf chief Imran Khan in his latest speech. Zardari also taken a hard hit at the government by calling out the ruling party and declar

BRIndex30 and BR Sectoral Indices on Thursday (July 06, 2017).

Rejecting presence of any terror outfit including TTP, Jamaat-ul Ahrar, Daesh and Al-Qaeda in Pakistan, the Foreign Office on Thursday reiterated that the Haqqani network operates from Afghanistan. This statement came a day after US Senator John McCain sa

National Clearing Company declares daily settlement information for local & foreign investors on Thursday (July 06, 2017).

Rejecting presence of any terror outfit including TTP, Jamaat-ul Ahrar, Daesh and Al-Qaeda in Pakistan, the Foreign Office on Thursday reiterated that the Haqqani network operates from Afghanistan. This statement came a day after US Senator John McCain sa

Mutual Funds Association has issued open-end funds daily prices for Thursday (July 06, 2017)

Prevailing political situation in the country invited panic selling at Pakistan Stock Exchange and the benchmark KSE-100 index declined by 590.30 points to close at 44,823.12 points on Thursday.

Mutual Funds Association has issued open-end funds daily prices for Thursday (July 06, 2017)

Prevailing political situation in the country invited panic selling at Pakistan Stock Exchange and the benchmark KSE-100 index declined by 590.30 points to close at 44,823.12 points on Thursday.

Mutual Funds Association has issued open-end funds daily prices for Thursday (July 06, 2017)

Prevailing political situation in the country invited panic selling at Pakistan Stock Exchange and the benchmark KSE-100 index declined by 590.30 points to close at 44,823.12 points on Thursday.

The following transactions member to member subsequently reported on Thursday (July 06, 2017).

On Thursday, BRIndex30 opened at 23,584.29. It touched an intraday high of 23,774.85 and an intraday Low of 23,038.28 and closed at 23,121.00 which was -463.29 points or -1.96 percent lower than previous close. Total volume was 81,035,200, which was 55.27

The following were the cross transactions between client to client & financial institutions here on Thursday (July 06, 2017).

On Thursday, BRIndex30 opened at 23,584.29. It touched an intraday high of 23,774.85 and an intraday Low of 23,038.28 and closed at 23,121.00 which was -463.29 points or -1.96 percent lower than previous close. Total volume was 81,035,200, which was 55.27

The following were the revised rates of debt securities on Thursday (July 06, 2017).

Finance Minister Ishaq Dar said on Thursday night that the government would appoint a permanent governor of State Bank of Pakistan (SBP) in the next few hours to carry out an investigation in the rupee plunge against the dollar and its beneficiaries. Talk

The following were the revised rates of debt securities on Thursday (July 06, 2017).

Finance Minister Ishaq Dar said on Thursday night that the government would appoint a permanent governor of State Bank of Pakistan (SBP) in the next few hours to carry out an investigation in the rupee plunge against the dollar and its beneficiaries. Talk

The following were the revised rates of debt securities on Thursday (July 06, 2017).

Finance Minister Ishaq Dar said on Thursday night that the government would appoint a permanent governor of State Bank of Pakistan (SBP) in the next few hours to carry out an investigation in the rupee plunge against the dollar and its beneficiaries. Talk

The rupee managed to recover against the dollar on the currency market on Thursday in process of trading, dealers said. Commenting on declining trend in the money market, some experts said that it's an open secret that the rupee was over-valued and hence

The Pakistani rupee firmed 1.5 percent against the dollar on Thursday after slumping 3.1 percent a day earlier in what analysts said was de facto devaluation by the central bank. At 2.16 pm, the rupee was trading at 106.20/50 against the dollar after clos

The rupee managed to recover against the dollar on the currency market on Thursday in process of trading, dealers said. Commenting on declining trend in the money market, some experts said that it's an open secret that the rupee was over-valued and hence

The Pakistani rupee firmed 1.5 percent against the dollar on Thursday after slumping 3.1 percent a day earlier in what analysts said was de facto devaluation by the central bank. At 2.16 pm, the rupee was trading at 106.20/50 against the dollar after clos

Dollar buying and selling rate in the kerb market in rupees on Thursday (July 06, 2017).

The Pakistani rupee firmed 1.5 percent against the dollar on Thursday after slumping 3.1 percent a day earlier in what analysts said was de facto devaluation by the central bank. At 2.16 pm, the rupee was trading at 106.20/50 against the dollar after clos

Interbank closing rates for dollar on Thursday (July 06, 2017).

Germany's G20 summit host city Hamburg braced for a potentially violent "Welcome to Hell" protest Thursday by anti-capitalist activists as tensions rise in the lead-up to the power meeting.

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (July 06, 2017).

Prime Minister Nawaz Sharif said Thursday opposition parties were conspiring against the Pakistan Muslim League-Nawaz (PML-N) government. Upon his arrival from Tajikistan where he attended quadrilateral session of CASA-1000 conference in Dushanbe, he talk

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (July 06, 2017).

Prime Minister Nawaz Sharif said Thursday opposition parties were conspiring against the Pakistan Muslim League-Nawaz (PML-N) government. Upon his arrival from Tajikistan where he attended quadrilateral session of CASA-1000 conference in Dushanbe, he talk

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Thursday (July 06, 2017).

Prime minister's son Hussain Nawaz left for Doha, Qatar, on Thursday morning. An official source said that Hussain left Islamabad at 10:00am for Doha through Qatar Airways (QR-615) amid speculations that he is likely to meet Qatari Prince Hamad bin Jassim

Paper market rates in rupees on Thursday (July 06, 2017).

Prime minister's son Hussain Nawaz left for Doha, Qatar, on Thursday morning. An official source said that Hussain left Islamabad at 10:00am for Doha through Qatar Airways (QR-615) amid speculations that he is likely to meet Qatari Prince Hamad bin Jassim

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (July 06, 2017)

Work on 220kV Uch-Sibbi transmission line is in advance stage and will be completed by December 2017, said official sources in the National Transmission and Despatch Company (NTDC). "Evacuation of power from Uch-II power plant is already being done, howev

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (July 06, 2017).

Different parts of Punjab including the provincial capital, Faisalabad and Gujranwala received rain showers on Thursday, Met Office reported. According to Pakistan Meteorological Department (PMD), several other areas of Punjab including Pindi Bhattian, Ch

The following were Wednesday official prices.

India and Israel have established a $40 million joint innovation initiative fund to increase economic cooperation and boost research and development within both countries. The agreement was signed during Indian Prime Minister Narendra Modi's historic visi

The following were Wednesday official prices.

US President Donald Trump said Thursday he was considering a "pretty severe" response to North Korea's intercontinental ballistic missile test, even as China appealed for a scaling down of rhetoric.

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (July 06, 2017).

A Moscow court on Thursday jailed the leader of a notorious hacking group for two years for breaking into the accounts of high-ranking Russian officials. Vladimir Anikeyev headed the Shaltai Boltai collective - Russian for "Humpty Dumpty" - believed to be

The weather report on Thursday (July 06, 2017) and the forecast for Friday (July 07, 2017).

China said on Thursday it was absurd for India to use the excuse of Chinese road-building to cross over their border, and pointed out that India is militarising its side of the frontier. A stand-off on a plateau next to the mountainous Indian state of Sik

War crimes judges ruled Thursday that South Africa flouted its duties to the International Criminal Court in 2015 by failing to arrest visiting Sudanese President Omar al-Bashir, wanted on genocide charges. The widely expected judgement slapped Pretoria f

The rupee slid 3.1 percent against the dollar on Wednesday tumbling to a low of 108.00/20 rupees to the dollar against 104.9 rupees to the dollar a day before in an apparent devaluation. Political pundits linked the dramatic depreciation to the Prime Mini

After Indian Prime Minister Narendra Modi's recent visit to Washington where US President Donald Trump accorded him a warm welcome, it was now the turn of Israeli Prime Minister Benjamin Netanyahu to roll out the red carpet for the first formal state visi

The frequency and intensity with which rains hit almost all parts of the country this June - normally a dry month - is a manifestation of the changing weather patterns environmental scientists have been warning of for quite some time. The signs of climate

On July 4, 2017, Tariq Mahmood Pasha, a seasoned grade-22 officer from Internal Revenue Service (IRS), assumed the charge of Chairman Federal Board of Revenue (FBR). The appointment of chairman from within FBR, ignoring a few senior officers, or from outs

Formation of a Joint Investigation Team (JIT) by the Supreme Court in the PanamaGate case became a cause for PML (N) party stalwarts to celebrate "victory" and start distributing sweets, indicative of a mindset totally devoid of reality. While one appreci

New French President Emmanuel Macron is trying to serve as a bridge between Europe and Donald Trump, seeking to influence and understand the US president amid widespread confusion in Paris about his intentions.

This is apropos a Business Recorder news item "Low prices of commodities, slow CPEC spending behind lower inflation" carried by the newspaper on Thursday. According to it, low price of international commodities, including oil's, as well slow spendi

Karachi Tax Bar Association (KTBA) has extended felicitations to Tariq Mehmood Pasha for his appointment as Chairman Federal Board of Revenue (FBR). In a statement issued here, KTBA hoped that his appointment would be very beneficial and instrumental in a

Supreme Court on Thursday issued notices to Ministry of Interior and National Accountable Bureau (NAB) in response to an appeal of Dr Asim Hussain, former advisor to prime minister for ministry of oil and natural resources, seeking removal of his name fro

The Ministry of Information and Broadcasting has initiated an investigation process against the illegal appointments made by Press Council of Pakistan (PCP) that works under the administrative control of the ministry, the sources revealed. The ministry ha

International journal 'Economic Intelligence Unit' in its recent report regarding Pakistan has said that Pakistan Muslim League-Nawaz (PML-N) will be once again successful in general elections 2018. The report says that after forming government, PML-N wil

Chairman Pakistan Tehreek-e-Insaf Imran Khan on Thursday challenged the government to name the allegedly conspirators against Prime Minister Nawaz Sharif and asked whether it is judiciary or the military. Speaking at a press conference here, he said that

Leader of Opposition in the National Assembly Khursheed Shah has urged Prime Minister Nawaz Sharif to take Parliament into confidence about the so-called conspiracies against his government. In a TV interview the veteran Opposition leader said that instea

Federal Investigation Agency (FIA) on Thursday arrested its own assistant director for misbehaving with two female Afghan nationals at Benazir Bhutto International Airport (BBIA). Interior Minister Chaudhry Nisar Ali Khan took serious notice of misbehavin

The Senate Standing Committee on Devolution has recommended the federal government to respect and implement the orders of high courts as well as the ruling of the chairman Senate and withdraw the notification regarding placement of regulatory authorities

A parliamentary panel on Thursday expressed its concern that out of 22,000 food items only 108 products are included in the mandatory list of Pakistan Standard Quality Control Authority (PSQCA). The National Assembly Standing Committee on Science and Tech

The joint resistance leadership in India-held Kashmir on Thursday issued a week-long protest calendar to commemorate the martyrdom anniversary of popular youth leader, Burhan Muzaffar Wani. As per the calendar, the protests will be held from July 7 to Jul

Finance Minister Senator Ishaq Dar has said that Asian Development Bank (ADB) and Pakistan have great partnership with current portfolio of $6.4 billion by the lending agency.

The Central Development Working Party (CDWP) has approved 17 development projects costing Rs 178.3 billion and recommended 6 mega projects for final approval to Executive Committee of National Economic Council (ECNEC). Federal Minister and Deputy Chairman

Former Interior Minister and Pakistan Peoples Party Parliamentarians (PPPP) leader Rehman Malik strongly rejected the newly published book of Raymond Davis and claimed that it was a pack of lies and conspiracy of Indian agency Research and Analysis Wing (

To press the government in favour of their demands, employees of the Workers Welfare Board (WWB) and Muttahida Labour Federation continued their protest on the second consecutive day on Thursday. Amid placards and banners inscribed in favour of their dema

The Standing Committee on Housing and Works Thursday sought a complete report on Thalian Joint Venture Housing Project in its next meeting from the Federal Government Employees Housing Foundation (FGEHF). The committee met under the chairmanship of MNA Ha

More than 200 feeders got tripped due to rain at the Lahore Electric Supply Company (LESCO) network on Thursday. The relevant areas of city plunged into darkness with the tripping of feeders with severe faults in four grids. The LESCO spokesman said effor

Gold eased but hovered above the previous session's two-month low early on Thursday as weaker-than-expected private sector payrolls data fed into a more cautious view on the pace of US interest rate hikes this year and Treasury yields firmed. The metal re

The one-day businessmen and traders' national conference on Thursday unanimously demanded of the government to withdraw unjustified heavy slabs of taxes on industry that has pushed the production cost significantly up. The business and trade leaders while

The government issued mammoth sum of Rs 21.8 million from national exchequer for the security of Sharif family's members during their appearances before Panamagate Joint Investigation Team (JIT).

Oil and Gas Regulatory Authority (Ogra) on Thursday said the oil tanker that caught blaze in Ahmedpur Sharqia and burned more than 200 people lacked safety standards. The tanker rented from Shell Oil Company was half empty when the mishap took place where

As many as nine projects worth 1077.85 million dollars are being executed through the Asian Development Bank (ADB) in Punjab which includes rehabilitation of irrigation system, energy and protection against flood devastations. Provincial Minister for Fina

Punjab Chief Minister Muhammad Shehbaz Sharif has claimed that Pakistan of today is much better, peaceful and economically stable than that of 2013.

President Pakistan Muslim League -Q (PML-Q) and former Prime Minister Ch Shujat Hussain and senior central leader and former Chief Minister Punjab Ch Parvez Elahi have said that making judiciary and military institutions controversial is enmity with Pakis

The Lahore High Court on Thursday suspended the decision of federal Cabinet regarding amendment in National Electric Power Regulatory Authority (Nepra) Act ignoring recommendation of the Council of Common Interest (CII). Chief Justice Syed Mansoor Ali sha

Three pronged, phased and comprehensive strategy is imperative for the immediate revival and sustained development of the textile sector, said Engineer Ahmed Hassan acting president Faisalabad Chamber of Commerce & Industry (FCCI).

Pakistan's first robot waitresses are serving up smiles for customers at an upscale pizza restaurant in the ancient city of Multan, better known for its centuries-old Sufi shrines, mango orchards and handicrafts. Rabia, Annie and Jennie greet customers an

The Pakistan Civil Society Forum (PCSF) has rejected new taxes imposed on non-profit organisations (NPOs) in the Finance Bill 2018 and termed them unreasonable. While talking to Business Recorder on Thursday, convener of the PCSF Muhammad Tahseen s

The Pakistan Civil Society Forum (PCSF) has rejected new taxes imposed on non-profit organisations (NPOs) in the Finance Bill 2018 and termed them unreasonable. While talking to Business Recorder on Thursday, convener of the PCSF Muhammad Tahseen s

Parvez Iftikhar is a telecom industry veteran based in Islamabad. He served as the founding CEO of Pakistan's Universal Service Fund (2007-2011), a public-private telecom development organisation. Previously, he also served as the country head of Siemens

Parvez Iftikhar is a telecom industry veteran based in Islamabad. He served as the founding CEO of Pakistan's Universal Service Fund (2007-2011), a public-private telecom development organisation. Previously, he also served as the country head of Siemens

Directorate of Intelligence & Investigation-Inland Revenue (IR), Islamabad has unearthed a case of developer and builder involved in massive tax evasion and concealment of income, causing huge revenue loss in property transactions.

Chairman Technical Education and Vocational Training Authority (TEVTA) Irfan Qaiser Sheikh on Thursday said that authority has requested Asian Development Bank (ADB) to provide a soft loan of 50 to 70 million dollars which will be used for providing inter

Federal government is likely to initiate action against Managing Director National Transmission and Dispatch Company (NTDC) Dr Fiaz Ahmad Chaudhry for failing to complete projects related to CPEC projects, well informed sources told Business Recorder <