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Print - 2017-08-18
ANF issues notice to Hanif Abbasi

ANF issues notice to Hanif Abbasi

Anti-Narcotics Force (ANF) has issued a notice to Pakistan Muslim League-Nawaz leader and former MNA Muhammad Hanif Abbasi, seeking details of assets and bank accounts held by him and his family members, relatives and associates and stopping Abbasi from o
Published 18 Aug, 2017 12:00am
Auction for 7 defaulter sugar mills ordered

Auction for 7 defaulter sugar mills ordered

The Cane Commissioner Punjab has ordered attachment and auction of seven sugar mills which failed to pay outstanding amount of Rs 1.84 billion to sugarcane farmers during 2016-17, reveal documents available with Business Recorder. Out of the seven
Published 18 Aug, 2017 12:00am
Auction for 7 defaulter sugar mills ordered

Auction for 7 defaulter sugar mills ordered

The Cane Commissioner Punjab has ordered attachment and auction of seven sugar mills which failed to pay outstanding amount of Rs 1.84 billion to sugarcane farmers during 2016-17, reveal documents available with Business Recorder. Out of the seven
Published 18 Aug, 2017 12:00am
Auction for 7 defaulter sugar mills ordered

Auction for 7 defaulter sugar mills ordered

The Cane Commissioner Punjab has ordered attachment and auction of seven sugar mills which failed to pay outstanding amount of Rs 1.84 billion to sugarcane farmers during 2016-17, reveal documents available with Business Recorder. Out of the seven
Published 18 Aug, 2017 12:00am
Search on for five missing in US Army chopper crash

Search on for five missing in US Army chopper crash

Military aircraft were searching the seas off Hawaii for five crewmembers of a US Army helicopter that went missing earlier in the week, the Army said Thursday. The UH-60 helicopter was reported missing while conducting a night-time training exercise Tues
Published 18 Aug, 2017 12:00am
Search on for five missing in US Army chopper crash

Search on for five missing in US Army chopper crash

Military aircraft were searching the seas off Hawaii for five crewmembers of a US Army helicopter that went missing earlier in the week, the Army said Thursday. The UH-60 helicopter was reported missing while conducting a night-time training exercise Tues
Published 18 Aug, 2017 12:00am
Forex reserves slip below $20 billion
Exchange

Forex reserves slip below $20 billion

The country''s foreign exchange reserves continued to weaken, reaching below $ 20 billion at the end of last week. According to State Bank of Pakistan''s weekly report issued Thursday, week-on-week basis, the country''s forex reserves declined by $62 mill
Published 18 Aug, 2017 12:00am
Forex reserves slip below $20 billion
Exchange

Forex reserves slip below $20 billion

The country's foreign exchange reserves continued to weaken, reaching below $ 20 billion at the end of last week. According to State Bank of Pakistan's weekly report issued Thursday, week-on-week basis, the country's forex reserves declined by $62 million
Published 18 Aug, 2017 12:00am
Forex reserves slip below $20 billion
Exchange

Forex reserves slip below $20 billion

The country's foreign exchange reserves continued to weaken, reaching below $ 20 billion at the end of last week. According to State Bank of Pakistan's weekly report issued Thursday, week-on-week basis, the country's forex reserves declined by $62 million
Published 18 Aug, 2017 12:00am
Senate body on finance criticises SECP
Exchange

Senate body on finance criticises SECP

Senate Standing Committee on Finance has shown displeasure over Securities & Exchange Commission of Pakistan (SECP) after it expressed inability to provide record of Chaudhry Sugar Mills, and stated that "institutions are pursuing head-on policy with the
Published 18 Aug, 2017 12:00am
Senate body on finance criticises SECP
Exchange

Senate body on finance criticises SECP

Senate Standing Committee on Finance has shown displeasure over Securities & Exchange Commission of Pakistan (SECP) after it expressed inability to provide record of Chaudhry Sugar Mills, and stated that "institutions are pursuing head-on policy with the
Published 18 Aug, 2017 12:00am
Senate body on finance criticises SECP
Exchange

Senate body on finance criticises SECP

Senate Standing Committee on Finance has shown displeasure over Securities & Exchange Commission of Pakistan (SECP) after it expressed inability to provide record of Chaudhry Sugar Mills, and stated that "institutions are pursuing head-on policy with the
Published 18 Aug, 2017 12:00am
CEO PSM''s charge extended for three months

CEO PSM''s charge extended for three months

The additional charge of Chief Executive Officer (CEO) Pakistan Steel Mills (PSM), granted to Mohsin S Haqqani, has been extended for a period of three months with effect from August 2nd. According to a notification of Establishment Division, Mohsin Haqqa
Published 18 Aug, 2017 12:00am
CEO PSM's charge extended for three months

CEO PSM's charge extended for three months

The additional charge of Chief Executive Officer (CEO) Pakistan Steel Mills (PSM), granted to Mohsin S Haqqani, has been extended for a period of three months with effect from August 2nd. According to a notification of Establishment Division, Mohsin Haqqa
Published 18 Aug, 2017 12:00am
CEO PSM's charge extended for three months

CEO PSM's charge extended for three months

The additional charge of Chief Executive Officer (CEO) Pakistan Steel Mills (PSM), granted to Mohsin S Haqqani, has been extended for a period of three months with effect from August 2nd. According to a notification of Establishment Division, Mohsin Haqqa
Published 18 Aug, 2017 12:00am
The Weather

The Weather

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

Published 18 Aug, 2017 12:00am
Van ploughs through crowd in Barcelona, killing 13

Van ploughs through crowd in Barcelona, killing 13

A van ploughed into crowds in the Spanish city of Barcelona on Thursday and a regional official said 13 people were killed in what police said they were treating as a terrorist attack. Police said they had arrested a man but did not identify him or descri
Published 18 Aug, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (August 17, 2017).

Published 18 Aug, 2017 12:00am
Van ploughs through crowd in Barcelona, killing 13

Van ploughs through crowd in Barcelona, killing 13

A van ploughed into crowds in the Spanish city of Barcelona on Thursday and a regional official said 13 people were killed in what police said they were treating as a terrorist attack. Police said they had arrested a man but did not identify him or descri
Published 18 Aug, 2017 12:00am
Saudi Arabia reopens border to Qatari pilgrims

Saudi Arabia reopens border to Qatari pilgrims

Qatari Hajj pilgrims began to enter Saudi Arabia on Thursday, Saudi media reported, as Riyadh reopened the border in a move cautiously welcomed by Doha despite a diplomatic row engulfing the region. The Salwa border crossing, a key passage for Muslims on
Published 18 Aug, 2017 12:00am
Saudi Arabia reopens border to Qatari pilgrims

Saudi Arabia reopens border to Qatari pilgrims

Qatari Hajj pilgrims began to enter Saudi Arabia on Thursday, Saudi media reported, as Riyadh reopened the border in a move cautiously welcomed by Doha despite a diplomatic row engulfing the region. The Salwa border crossing, a key passage for Muslims on
Published 18 Aug, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

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

Published 18 Aug, 2017 12:00am
Zardari sees 'limited' political future of Nawaz, family

Zardari sees 'limited' political future of Nawaz, family

Pakistan People's Party (PPP) chairman Bilawal Bhutto Zardari has reiterated his father's stance that he would not support ousted prime minister Nawaz Sharif. "There is no threat, whatsoever, to democracy in the country," he added.
Published 18 Aug, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (August 17, 2017)

Published 18 Aug, 2017 12:00am
Zardari sees 'limited' political future of Nawaz, family

Zardari sees 'limited' political future of Nawaz, family

Pakistan People's Party (PPP) chairman Bilawal Bhutto Zardari has reiterated his father's stance that he would not support ousted prime minister Nawaz Sharif. "There is no threat, whatsoever, to democracy in the country," he added.
Published 18 Aug, 2017 12:00am
Drive begins to register Afghans who fled war

Drive begins to register Afghans who fled war

Pakistan has launched a registration drive to document the estimated 1 million Afghan nationals who have been living in the country illegally since fleeing war and unrest in the 1980s. Syed Jawad Hussain, the official in charge of a registration center ne
Published 18 Aug, 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 Thursday (August 17, 2017).

Published 18 Aug, 2017 12:00am
Drive begins to register Afghans who fled war

Drive begins to register Afghans who fled war

Pakistan has launched a registration drive to document the estimated 1 million Afghan nationals who have been living in the country illegally since fleeing war and unrest in the 1980s. Syed Jawad Hussain, the official in charge of a registration center ne
Published 18 Aug, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

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

Published 18 Aug, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

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

Published 18 Aug, 2017 12:00am
Sharjeel's protective bail extended

Sharjeel's protective bail extended

Sindh High Court on Thursday extended protective bail granted to Pakistan Peoples' Party (PPP) leader Sharjeel Inam Memon in a case of alleged illegal allotment of state lands. A division bench of SHC heard Sharjeel Inam Memon's petition for granting bail
Published 18 Aug, 2017 12:00am
Import of gold slumps by 32 percent

Import of gold slumps by 32 percent

Pakistan's import of gold scaled back by 32 percent to $16.670 million last fiscal year (FY), official figures said. Fall in gold import now stands at $7.765 million in fiscal year (FY) 2017 as compared to the precious metal's import of $24.435 million in
Published 18 Aug, 2017 12:00am
THE RUPEE: further gains

THE RUPEE: further gains

Further improvement was seen in the value of the rupee versus the dollar on the money market on Thursday in the process of trading, dealers said. The rupee was unmoved in terms of the dollar for buying and selling at Rs 105.39 and Rs 105.40 respectively,
Published 18 Aug, 2017 12:00am
THE RUPEE: further gains

THE RUPEE: further gains

Further improvement was seen in the value of the rupee versus the dollar on the money market on Thursday in the process of trading, dealers said. The rupee was unmoved in terms of the dollar for buying and selling at Rs 105.39 and Rs 105.40 respectively,
Published 18 Aug, 2017 12:00am
Products, services should meet high standards: Zubair

Products, services should meet high standards: Zubair

Governor Sindh Muhammad Zubair expressed the hope that manufacturers and service providers will keep their momentum to provide best goods and services in order to raise the high standard of living for Pakistani consumers. Speaking as a chief guest at the
Published 18 Aug, 2017 12:00am
CoAS, Polish commander discuss regional security

CoAS, Polish commander discuss regional security

Chief of Army Staff General Qamar Javed Bajwa Thursday met with Commander Polish Land Forces Brigadier General Wojclech Granowshi and discussed matters of mutual interest, including defence, training and bilateral security co-operation, said a statement r
Published 18 Aug, 2017 12:00am
IS-held Raqa 'worst place' in Syria: UN

IS-held Raqa 'worst place' in Syria: UN

Territory still controlled by the Islamic State group in Raqa is "the worst place" in Syria, the UN said Thursday, as fresh reports emerged of more civilians killed by US-led coalition air strikes. The Syrian Observatory for Human Rights said 21 children
Published 18 Aug, 2017 12:00am
NAB absolves ex-minister Pir Mazhar in fake appointments case

NAB absolves ex-minister Pir Mazhar in fake appointments case

Former Sindh Education Minister Pir Mazhar-ul-Haq got a clean chit from the National Accountability Bureau (NAB) as the prosecutor absolved him in fake appointments case, on Thursday. The NAB stopped its investigation pertaining to the alleged fake appoin
Published 18 Aug, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (August 17, 2017).

Published 18 Aug, 2017 12:00am
Fixed sales tax on petroleum freight proposed

Fixed sales tax on petroleum freight proposed

Seeking an end to the never ending dispute on provincial sales tax mechanism and collection on transportation of petroleum products, Ashfaq Tola, President of Tola Associates has submitted a dispute resolution report to the Prime Minister''s office.
Published 18 Aug, 2017 12:00am
Fixed sales tax on petroleum freight proposed

Fixed sales tax on petroleum freight proposed

Seeking an end to the never ending dispute on provincial sales tax mechanism and collection on transportation of petroleum products, Ashfaq Tola, President of Tola Associates has submitted a dispute resolution report to the Prime Minister's office.
Published 18 Aug, 2017 12:00am
Fixed sales tax on petroleum freight proposed

Fixed sales tax on petroleum freight proposed

Seeking an end to the never ending dispute on provincial sales tax mechanism and collection on transportation of petroleum products, Ashfaq Tola, President of Tola Associates has submitted a dispute resolution report to the Prime Minister's office.
Published 18 Aug, 2017 12:00am
Exporters meet PM

Exporters meet PM

A delegation comprising of leading exporters of the country called on Prime Minister Shahid Khaqan Abbasi at PM''s Chamber in the National Assembly on Thursday. Minister for Commerce Prevaiz Malik, Miftah Ismail, SAPM on Economic Affairs were also present
Published 18 Aug, 2017 12:00am
Exporters meet PM

Exporters meet PM

A delegation comprising of leading exporters of the country called on Prime Minister Shahid Khaqan Abbasi at PM's Chamber in the National Assembly on Thursday. Minister for Commerce Prevaiz Malik, Miftah Ismail, SAPM on Economic Affairs were also present
Published 18 Aug, 2017 12:00am
Exporters meet PM

Exporters meet PM

A delegation comprising of leading exporters of the country called on Prime Minister Shahid Khaqan Abbasi at PM's Chamber in the National Assembly on Thursday. Minister for Commerce Prevaiz Malik, Miftah Ismail, SAPM on Economic Affairs were also present
Published 18 Aug, 2017 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 18 Aug, 2017 12:00am
Sell-off process shelved
Exchange

Sell-off process shelved

The federal government has reportedly shelved privatisation process almost entirely, inclusive of power sector companies, for the remaining PML-N tenure due to political uncertainty, well informed sources told Business Recorder.
Published 18 Aug, 2017 12:00am
Sell-off process shelved
Exchange

Sell-off process shelved

The federal government has reportedly shelved privatisation process almost entirely, inclusive of power sector companies, for the remaining PML-N tenure due to political uncertainty, well informed sources told Business Recorder.
Published 18 Aug, 2017 12:00am
Sell-off process shelved
Exchange

Sell-off process shelved

The federal government has reportedly shelved privatisation process almost entirely, inclusive of power sector companies, for the remaining PML-N tenure due to political uncertainty, well informed sources told Business Recorder.
Published 18 Aug, 2017 12:00am
Composition of CCI reconstituted

Composition of CCI reconstituted

Prime Minister Shahid Khaqan Abbasi has reconstituted the composition of Council of Common Interests (CCI). The CCI will be chaired by PM, with four chief ministers, Minister Inter Provincial Coordination, Minister for Industries and Production and Minist
Published 18 Aug, 2017 12:00am
Composition of CCI reconstituted

Composition of CCI reconstituted

Prime Minister Shahid Khaqan Abbasi has reconstituted the composition of Council of Common Interests (CCI). The CCI will be chaired by PM, with four chief ministers, Minister Inter Provincial Coordination, Minister for Industries and Production and Minist
Published 18 Aug, 2017 12:00am
Army committed to providing youth safe, secure Pakistan: CoAS

Army committed to providing youth safe, secure Pakistan: CoAS

Chief of Army Staff (CoAS) General Qamar Javed Bajwa assured the youth that Pakistan Army is committed to providing them a safe, secure and stable Pakistan. During a visit to Inter-Services Public Relations (ISPR) Directorate on Thursday, the Army Chief a
Published 18 Aug, 2017 12:00am
Army committed to providing youth safe, secure Pakistan: CoAS

Army committed to providing youth safe, secure Pakistan: CoAS

Chief of Army Staff (CoAS) General Qamar Javed Bajwa assured the youth that Pakistan Army is committed to providing them a safe, secure and stable Pakistan. During a visit to Inter-Services Public Relations (ISPR) Directorate on Thursday, the Army Chief a
Published 18 Aug, 2017 12:00am
BRIndex100 sheds 122.46 points
Exchange

BRIndex100 sheds 122.46 points

Pakistan Stock Exchange witnessed panic selling due to investor concerns over prevailing political situation in the country. BRIndex100 declined by 122.46 points or 2.55 percent to close at 4,687.19 points Thursday. BRIndex 100 touched 4,815.18 points int
Published 18 Aug, 2017 12:00am
BRIndex100 sheds 122.46 points
Exchange

BRIndex100 sheds 122.46 points

Pakistan Stock Exchange witnessed panic selling due to investor concerns over prevailing political situation in the country. BRIndex100 declined by 122.46 points or 2.55 percent to close at 4,687.19 points Thursday. BRIndex 100 touched 4,815.18 points int
Published 18 Aug, 2017 12:00am
BRIndex100 sheds 122.46 points
Exchange

BRIndex100 sheds 122.46 points

Pakistan Stock Exchange witnessed panic selling due to investor concerns over prevailing political situation in the country. BRIndex100 declined by 122.46 points or 2.55 percent to close at 4,687.19 points Thursday. BRIndex 100 touched 4,815.18 points int
Published 18 Aug, 2017 12:00am
SECP asked to provide details of Dar''s companies
Exchange

SECP asked to provide details of Dar''s companies

National Accountability Bureau (NAB) has written a letter to Securities & Exchange Commission of Pakistan (SECP) to provide details of seven companies of Finance Minister Ishaq Dar in compliance with the Supreme Court judgment in the Panama Papers case.
Published 18 Aug, 2017 12:00am
SECP asked to provide details of Dar's companies
Exchange

SECP asked to provide details of Dar's companies

National Accountability Bureau (NAB) has written a letter to Securities & Exchange Commission of Pakistan (SECP) to provide details of seven companies of Finance Minister Ishaq Dar in compliance with the Supreme Court judgment in the Panama Papers case.
Published 18 Aug, 2017 12:00am
SECP asked to provide details of Dar's companies
Exchange

SECP asked to provide details of Dar's companies

National Accountability Bureau (NAB) has written a letter to Securities & Exchange Commission of Pakistan (SECP) to provide details of seven companies of Finance Minister Ishaq Dar in compliance with the Supreme Court judgment in the Panama Papers case.
Published 18 Aug, 2017 12:00am
SC provides NAB with JIT's Volume-X

SC provides NAB with JIT's Volume-X

The Supreme Court on Thursday provided all the required copies of volume-I-IX along with four copies of volume-X of joint investigation team (JIT) report in the Panama Papers case to National Accountability Bureau (NAB). Earlier, the National Accountabili
Published 18 Aug, 2017 12:00am
SC provides NAB with JIT's Volume-X

SC provides NAB with JIT's Volume-X

The Supreme Court on Thursday provided all the required copies of volume-I-IX along with four copies of volume-X of joint investigation team (JIT) report in the Panama Papers case to National Accountability Bureau (NAB). Earlier, the National Accountabili
Published 18 Aug, 2017 12:00am
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