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Print - 2017-09-12
Anti-money laundering law lacks fairness?

Anti-money laundering law lacks fairness?

This is apropos a Business Recorder op-ed "Anti-money laundering regulations and fiscal laws-I" carried by the newspaper on Saturday. The writer, Syed Shabbar Zaidi, offers an expert's perspective on the money-laundering issue. In his last write-up
Published 12 Sep, 2017 12:00am
9/11: Fear of freedom

9/11: Fear of freedom

The humanity at large has been suffering from fear of freedom since the ghastly attack on twin towers of New York on September 9, 2001. The incident that took place sixteen years ago and what followed thereafter has changed the very fabric of modern day s
Published 12 Sep, 2017 12:00am
Solar grid keeps harvests high in Zimbabwe

Solar grid keeps harvests high in Zimbabwe

Until recently, farmers in this town in southern Zimbabwe struggled to water their crops, frustrated by poor rainfall and the regular breakdown of the diesel engines that powered their irrigation systems. As in most areas of rural Zimbabwe, rain-fed agric
Published 12 Sep, 2017 12:00am
Population census, 2017 - II

Population census, 2017 - II

The first article last week on the census of 2017 focused on the provisional results with regard to the overall size and growth rate of the population of Pakistan. This article analyses the estimates of population in different regions of Pakistan, especia
Published 12 Sep, 2017 12:00am
Upcoming Beijing moot on CPFTA

Upcoming Beijing moot on CPFTA

It is argued that one of the major downsides of free trade agreements (FTAs) is the prowess of powerful economies to impose their will on smaller and developing economies. It has been observed that a smaller economy makes more concessions, with the larger
Published 12 Sep, 2017 12:00am
The Weather

The Weather

The weather report on Monday (September 11, 2017) and the forecast for Tuesday (September 12, 2017).

Published 12 Sep, 2017 12:00am
Acceleration in inflation rate

Acceleration in inflation rate

It was not long ago that the government used to boast about the deceleration in the inflation rate, terming it a positive sign in economy. The trend in prices, nonetheless, seems to have changed somewhat in the recent months. According to the latest data
Published 12 Sep, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (September 11, 2017).

Published 12 Sep, 2017 12:00am
Punjab Assembly condemns Trump' statement

Punjab Assembly condemns Trump' statement

The Punjab Assembly on Monday unanimously passed a resolution against the statement of American President Donald Trump and the atrocities committed against Rohingyia Muslims. Opposition in Punjab assembly alleged that PML (N) government was involved in pr
Published 12 Sep, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (September 11, 2017).

Published 12 Sep, 2017 12:00am
Punjab Assembly condemns Trump' statement

Punjab Assembly condemns Trump' statement

The Punjab Assembly on Monday unanimously passed a resolution against the statement of American President Donald Trump and the atrocities committed against Rohingyia Muslims. Opposition in Punjab assembly alleged that PML (N) government was involved in pr
Published 12 Sep, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (September 11, 2017).

Published 12 Sep, 2017 12:00am
252 appointments in PEF challenged in LHC

252 appointments in PEF challenged in LHC

Appointment of 252 employees of the Punjab Education Foundation (PEF) allegedly made in violation of recruitment policy 2004 has been challenged before the Lahore High Court. A bar member Chaudhry Shoaib Saleem while challenging the appointments said that
Published 12 Sep, 2017 12:00am
252 appointments in PEF challenged in LHC

252 appointments in PEF challenged in LHC

Appointment of 252 employees of the Punjab Education Foundation (PEF) allegedly made in violation of recruitment policy 2004 has been challenged before the Lahore High Court. A bar member Chaudhry Shoaib Saleem while challenging the appointments said that
Published 12 Sep, 2017 12:00am
Proposed press law: government takes action against 'erring' officials

Proposed press law: government takes action against 'erring' officials

The Ministry of Information Monday suspended Assistant Director Internal Publicity Wing Saadullah Mahar and made Director General and Director IPW Nasir Jamal Tahir Hasan respectively as OSDs following widespread criticism from journalistic circles over r
Published 12 Sep, 2017 12:00am
Proposed press law: government takes action against 'erring' officials

Proposed press law: government takes action against 'erring' officials

The Ministry of Information Monday suspended Assistant Director Internal Publicity Wing Saadullah Mahar and made Director General and Director IPW Nasir Jamal Tahir Hasan respectively as OSDs following widespread criticism from journalistic circles over r
Published 12 Sep, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (September 11, 2017)

Published 12 Sep, 2017 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (September 11, 2017).

Published 12 Sep, 2017 12:00am
Nawaz's children raise objection over three-member bench

Nawaz's children raise objection over three-member bench

Former Prime Minister Nawaz Sharif's children on Monday raised objection over the three-member bench of Supreme Court formed to hear their review pleas on Tuesday (today) against the apex court's verdict of July 28 in the Panama Papers case. Nawaz Sharif
Published 12 Sep, 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 Monday (September 11, 2017).

Published 12 Sep, 2017 12:00am
Nawaz's children raise objection over three-member bench

Nawaz's children raise objection over three-member bench

Former Prime Minister Nawaz Sharif's children on Monday raised objection over the three-member bench of Supreme Court formed to hear their review pleas on Tuesday (today) against the apex court's verdict of July 28 in the Panama Papers case. Nawaz Sharif
Published 12 Sep, 2017 12:00am
Assets of Islamic banking industry cross Rs 2 trillion mark

Assets of Islamic banking industry cross Rs 2 trillion mark

The asset base of Islamic banking industry (IBI) continues to post healthy growth and with an increase of some 8 percent, total assets of IBI have crossed Rs 2 trillion mark by the end of second quarter (April-June) of this calendar year (CY17). According
Published 12 Sep, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (September 11, 2017).

Published 12 Sep, 2017 12:00am
Assets of Islamic banking industry cross Rs 2 trillion mark

Assets of Islamic banking industry cross Rs 2 trillion mark

The asset base of Islamic banking industry (IBI) continues to post healthy growth and with an increase of some 8 percent, total assets of IBI have crossed Rs 2 trillion mark by the end of second quarter (April-June) of this calendar year (CY17). According
Published 12 Sep, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (September 11, 2017).

Published 12 Sep, 2017 12:00am
Assets of Islamic banking industry cross Rs 2 trillion mark

Assets of Islamic banking industry cross Rs 2 trillion mark

The asset base of Islamic banking industry (IBI) continues to post healthy growth and with an increase of some 8 percent, total assets of IBI have crossed Rs 2 trillion mark by the end of second quarter (April-June) of this calendar year (CY17). According
Published 12 Sep, 2017 12:00am
NA condemns atrocities against Rohingya Muslims

NA condemns atrocities against Rohingya Muslims

The National Assembly on Monday condemned the atrocities being committed against Rohingya Muslims in Myanmar and members also suggested the government different plausible ways to help the victims and increase pressure on Naypyidaw to stop the genocide. Sp
Published 12 Sep, 2017 12:00am
NA condemns atrocities against Rohingya Muslims

NA condemns atrocities against Rohingya Muslims

The National Assembly on Monday condemned the atrocities being committed against Rohingya Muslims in Myanmar and members also suggested the government different plausible ways to help the victims and increase pressure on Naypyidaw to stop the genocide. Sp
Published 12 Sep, 2017 12:00am
THE RUPEE: firm trend

THE RUPEE: firm trend

The rupee maintained week-end levels against the dollar on the money market on Monday in the process of trading, dealers said. The rupee was almost unchanged against the dollar for buying and selling at Rs 105.40 and Rs 105.41 respectively, they said.
Published 12 Sep, 2017 12:00am
Afghan refugees counted as common citizens: Bajwa

Afghan refugees counted as common citizens: Bajwa

Chief Census Commissioner Asif Bajwa Monday said the country's population over the past two decades has witnessed rapid growth due to various reasons. Addressing a press conference here, he said that urban population was divided in different blocks and ru
Published 12 Sep, 2017 12:00am
THE RUPEE: firm trend

THE RUPEE: firm trend

The rupee maintained week-end levels against the dollar on the money market on Monday in the process of trading, dealers said. The rupee was almost unchanged against the dollar for buying and selling at Rs 105.40 and Rs 105.41 respectively, they said.
Published 12 Sep, 2017 12:00am
Afghan refugees counted as common citizens: Bajwa

Afghan refugees counted as common citizens: Bajwa

Chief Census Commissioner Asif Bajwa Monday said the country's population over the past two decades has witnessed rapid growth due to various reasons. Addressing a press conference here, he said that urban population was divided in different blocks and ru
Published 12 Sep, 2017 12:00am
PM warns US sanctions would be counter-productive

PM warns US sanctions would be counter-productive

Prime Minister Shahid Khaqan Abbasi said it would be counter-productive for the United States to sanction Pakistani officials or further cut military assistance, warning it would hurt both countries' fight against militancy. U.S.-Pakistan relations have f
Published 12 Sep, 2017 12:00am
PM warns US sanctions would be counter-productive

PM warns US sanctions would be counter-productive

Prime Minister Shahid Khaqan Abbasi said it would be counter-productive for the United States to sanction Pakistani officials or further cut military assistance, warning it would hurt both countries' fight against militancy. U.S.-Pakistan relations have f
Published 12 Sep, 2017 12:00am
BRIndex100 sheds 26.13 points
Exchange

BRIndex100 sheds 26.13 points

Pakistan Stock Exchange Monday remained under pressure due to selling from local and foreign investors. BRIndex100 lost 26.13 points or 0.58 percent to 4,463.93 points. BRIndex100 touched an intraday high of 4,504.06 points and an intraday low of 4,453.01
Published 12 Sep, 2017 12:00am
BRIndex100 sheds 26.13 points
Exchange

BRIndex100 sheds 26.13 points

Pakistan Stock Exchange Monday remained under pressure due to selling from local and foreign investors. BRIndex100 lost 26.13 points or 0.58 percent to 4,463.93 points. BRIndex100 touched an intraday high of 4,504.06 points and an intraday low of 4,453.01
Published 12 Sep, 2017 12:00am
BRIndex100 sheds 26.13 points
Exchange

BRIndex100 sheds 26.13 points

Pakistan Stock Exchange Monday remained under pressure due to selling from local and foreign investors. BRIndex100 lost 26.13 points or 0.58 percent to 4,463.93 points. BRIndex100 touched an intraday high of 4,504.06 points and an intraday low of 4,453.01
Published 12 Sep, 2017 12:00am
Trade deficit up $6.29 billion in two months

Trade deficit up $6.29 billion in two months

Pakistan''s trade deficit has increased to $6.290 billion during the first two months of the current fiscal year (July-August 2017), according to Pakistan Bureau of Statistics (PBS). The trade deficit for the first two months is higher by 33.52 percent ov
Published 12 Sep, 2017 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 12 Sep, 2017 12:00am
Trade deficit up $6.29 billion in two months

Trade deficit up $6.29 billion in two months

Pakistan's trade deficit has increased to $6.290 billion during the first two months of the current fiscal year (July-August 2017), according to Pakistan Bureau of Statistics (PBS). The trade deficit for the first two months is higher by 33.52 percent ove
Published 12 Sep, 2017 12:00am
Trade deficit up $6.29 billion in two months

Trade deficit up $6.29 billion in two months

Pakistan's trade deficit has increased to $6.290 billion during the first two months of the current fiscal year (July-August 2017), according to Pakistan Bureau of Statistics (PBS). The trade deficit for the first two months is higher by 33.52 percent ove
Published 12 Sep, 2017 12:00am
China eyes petrol car ban, boosting electric vehicles

China eyes petrol car ban, boosting electric vehicles

China is gearing up to ban petrol and diesel cars, a move that would boost electric vehicles and shake up the world's biggest car market in a country that is plagued by pollution. The plan would follow decisions by France and Britain to outlaw the sale of
Published 12 Sep, 2017 12:00am
China eyes petrol car ban, boosting electric vehicles

China eyes petrol car ban, boosting electric vehicles

China is gearing up to ban petrol and diesel cars, a move that would boost electric vehicles and shake up the world's biggest car market in a country that is plagued by pollution. The plan would follow decisions by France and Britain to outlaw the sale of
Published 12 Sep, 2017 12:00am
Two references: NAB asked to remove deficiencies

Two references: NAB asked to remove deficiencies

The Accountability Court on Monday directed National Accountability Bureau (NAB) to remove deficiencies from two of its references filed in compliance with the Supreme Court's verdict in the Panama Papers case.
Published 12 Sep, 2017 12:00am
Two references: NAB asked to remove deficiencies

Two references: NAB asked to remove deficiencies

The Accountability Court on Monday directed National Accountability Bureau (NAB) to remove deficiencies from two of its references filed in compliance with the Supreme Court's verdict in the Panama Papers case.
Published 12 Sep, 2017 12:00am
We don't write judgements to please: CJP
Exchange

We don't write judgements to please: CJP

New Judicial Year 2017-18 on Monday objectified the feeling of Chief Justice Mian Saqib Nisar to serve the people across the board under the Constitution by rendering verdicts in the fine scale of justice. "We serve the people of Pakistan and we serve the
Published 12 Sep, 2017 12:00am
We don't write judgements to please: CJP
Exchange

We don't write judgements to please: CJP

New Judicial Year 2017-18 on Monday objectified the feeling of Chief Justice Mian Saqib Nisar to serve the people across the board under the Constitution by rendering verdicts in the fine scale of justice. "We serve the people of Pakistan and we serve the
Published 12 Sep, 2017 12:00am
Shifting of sugar mills illegal: LHC

Shifting of sugar mills illegal: LHC

The Lahore High Court on Monday declared the shifting of three sugar mills owned by former Prime Minister Nawaz Sharif and his close relatives to Southern Punjab region as illegal. Rejecting the intra court appeals (ICAs) of Chaudhry Sugar Mills (RY Khan)
Published 12 Sep, 2017 12:00am
Shifting of sugar mills illegal: LHC

Shifting of sugar mills illegal: LHC

The Lahore High Court on Monday declared the shifting of three sugar mills owned by former Prime Minister Nawaz Sharif and his close relatives to Southern Punjab region as illegal. Rejecting the intra court appeals (ICAs) of Chaudhry Sugar Mills (RY Khan)
Published 12 Sep, 2017 12:00am
Shifting of sugar mills illegal: LHC

Shifting of sugar mills illegal: LHC

The Lahore High Court on Monday declared the shifting of three sugar mills owned by former Prime Minister Nawaz Sharif and his close relatives to Southern Punjab region as illegal. Rejecting the intra court appeals (ICAs) of Chaudhry Sugar Mills (RY Khan)
Published 12 Sep, 2017 12:00am
Export of sugar approved by inter-ministerial body

Export of sugar approved by inter-ministerial body

An inter-ministerial committee headed by Commerce Minister on Monday approved export of 1.5 million tons of sugar in three phases with a subsidy of Rs 10.70 per kg, well-informed sources told Business Recorder. However, the volume of subsidy will l
Published 12 Sep, 2017 12:00am
Export of sugar approved by inter-ministerial body

Export of sugar approved by inter-ministerial body

An inter-ministerial committee headed by Commerce Minister on Monday approved export of 1.5 million tons of sugar in three phases with a subsidy of Rs 10.70 per kg, well-informed sources told Business Recorder. However, the volume of subsidy will l
Published 12 Sep, 2017 12:00am
Export of sugar approved by inter-ministerial body

Export of sugar approved by inter-ministerial body

An inter-ministerial committee headed by Commerce Minister on Monday approved export of 1.5 million tons of sugar in three phases with a subsidy of Rs 10.70 per kg, well-informed sources told Business Recorder. However, the volume of subsidy will l
Published 12 Sep, 2017 12:00am
World XI tour to Pakistan more than cricket: Plessis

World XI tour to Pakistan more than cricket: Plessis

Faf du Plessis believes the World XI tour to Pakistan is bigger than the game and can help revive international cricket in the country. The South African will captain a star-studded team of players from seven countries in a three-match Twenty20 series aga
Published 12 Sep, 2017 12:00am
World XI tour to Pakistan more than cricket: Plessis

World XI tour to Pakistan more than cricket: Plessis

Faf du Plessis believes the World XI tour to Pakistan is bigger than the game and can help revive international cricket in the country. The South African will captain a star-studded team of players from seven countries in a three-match Twenty20 series aga
Published 12 Sep, 2017 12:00am