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Print - 2017-09-14
Plagiarism charges against FPCCI report denied

Plagiarism charges against FPCCI report denied

In the present era of modernization the freedom of expression is considered a right of every individuals and comments whatsoever made by any individual are considered his personal views in personal capacity. This was commented by Shifaat Zaidi Chairman of
Published 14 Sep, 2017 12:00am
Labour laws to be reviewed with industrialists' consent: minister

Labour laws to be reviewed with industrialists' consent: minister

Sindh's labour minister Syed Nasir Hussain Shah gave the assurance to industrialists on Wednesday that all reservations of industrialists regarding labour laws will be addressed. Speaking at a meeting of the SITE Association of Industry, he said that amen
Published 14 Sep, 2017 12:00am
Killing of Rohingya Muslims condemned

Killing of Rohingya Muslims condemned

Special Assistant to Chief Minister on Information Technology Dr Sikandar Shoro while condemning the killing of Rohingya Muslims in Burma (Myanmar) has appealed to the international community to take immediate steps to prevent this cruelty and evil. He al
Published 14 Sep, 2017 12:00am
LPG air mix plants in Balochistan: PD holds meeting with SSGC

LPG air mix plants in Balochistan: PD holds meeting with SSGC

The Petroleum Division on Wednesday held a meeting with Sui Southern Gas Company (SSGC) to install LPG air mix plants in Balochistan. The state minister for petroleum division conducted several meetings with the SSGC for taking initiative of LPG air mix p
Published 14 Sep, 2017 12:00am
Tribunals unaware of AML Act 2010: FBR

Tribunals unaware of AML Act 2010: FBR

The Federal Board of Revenue (FBR) is facing problems in prosecuting money laundering cases under Anti-Money Laundering (AML) Act 2010 as tribunals are not aware of the AML Act, 2010. Sources told Business Recorder here on Wednesday that the issue
Published 14 Sep, 2017 12:00am
Dengue control: departments directed to strictly follow SOPs

Dengue control: departments directed to strictly follow SOPs

Chief Secretary Punjab Captain Zahid Saeed (retd) has said that September is very important for dengue breeding and all the departments should strictly follow the Standard Operating Procedures (SOP) to control it. He said no gaps should be left unattended
Published 14 Sep, 2017 12:00am
LHC seeks reply from PEF in illegal appointments case

LHC seeks reply from PEF in illegal appointments case

The Lahore High Court on Wednesday has sought reply from the chief secretary and the Punjab Education Foundation (PEF) besides 252 employees whose appointments were challenged for being in violation of merit and Recruitment Policy 2004. Justice Shujat Ali
Published 14 Sep, 2017 12:00am
Rs 44.60 billion allocated for promoting higher education: minister

Rs 44.60 billion allocated for promoting higher education: minister

Punjab Minister for Higher Education Syed Raza Ali Gilani has said that funds of Rs 44.60 billion have been earmarked in the current financial year budget for the promotion of Higher Education (HE) in the province. Minister stated this while inaugurating
Published 14 Sep, 2017 12:00am
REAP for close liaison with Iranian consulate

REAP for close liaison with Iranian consulate

Rice Exporters Association of Pakistan (REAP) Senior Vice Chairman Shahjahan Malik has urged the Consul General of Iran in Lahore for further strengthening the close liaison between the Association and the Consulate for increasing the volume of rice expor
Published 14 Sep, 2017 12:00am
AIIB agrees to finance 'critical' Karachi projects

AIIB agrees to finance 'critical' Karachi projects

The Asian Infrastructure Investment Bank (AIIB) is ready to extend financial assistance to launch four projects estimated to cost Rs 137.7 billion, which will include Karachi Expressway/Ring Road, S-III, lining of KB Feeder and the Kandhkot-Ghouspur Bridg
Published 14 Sep, 2017 12:00am
Insult of public mandate biggest contempt: PML-N

Insult of public mandate biggest contempt: PML-N

Leader of the ruling Pakistan Muslim League-Nawaz (PML-N) and State Minister for Interior Talal Chaudhry Wednesday said the insult of the public mandate is the biggest contempt. Talking to the media persons outside the Supreme Court, the minister said tha
Published 14 Sep, 2017 12:00am
Media foiling extra-constitutional attacks: Marriyum

Media foiling extra-constitutional attacks: Marriyum

Minister of State for Information and Broadcasting, Marriyum Aurangzeb Wednesday said that media is playing a crucial role in eliminating the menace of terrorism and foiling the extra-constitutional attacks on democracy in the country.
Published 14 Sep, 2017 12:00am
Punjab Assembly lauds services of former PM Nawaz Sharif

Punjab Assembly lauds services of former PM Nawaz Sharif

The Punjab Assembly on Wednesday passed a resolution in favour of former prime minister Nawaz Sharif with majority votes amid slogans of "thief; thief" chanted by opposition members. The government also passed resolutions for extending three ordinances, a
Published 14 Sep, 2017 12:00am
Rs 866 billion allocated for 1,018 uplift schemes under PSDP

Rs 866 billion allocated for 1,018 uplift schemes under PSDP

The federal government allocated Rs 866 billion for 1,018 development schemes of different ministries during the ongoing financial year under Public Sector Development Programme (PSDP). This was stated by the officials of Ministry of Planning, Development
Published 14 Sep, 2017 12:00am
LHC rejects petitions against Kulsoom's candidature

LHC rejects petitions against Kulsoom's candidature

A full bench of the Lahore High Court on Wednesday rejected all petitions challenging candidature of Begum Kulsoom Nawaz for by-election in NA-120. Faisal Mir of PPP, Ishtiaq Chaudhry of PAT and Sheikh Yaqoob of Milli Muslim League (MML) had challenged de
Published 14 Sep, 2017 12:00am
Lahore to have first technical university

Lahore to have first technical university

The steering committee for the establishment of first ever technical university of Pakistan decided that university will be established in Lahore and will start functioning from February 2018. The campus will be set up at Government Emerging Technologies
Published 14 Sep, 2017 12:00am
JUP to support Kulsoom Nawaz in NA-120 by-poll

JUP to support Kulsoom Nawaz in NA-120 by-poll

Jamiat Ulema-e-Pakistan (JUP) has announced support to the PML-N candidate Begum Kulsoom Nawaz in the bye-election of NA-120 scheduled for September 17 in Lahore. JUP leader Pir Ijaz Hashmi announced the support after a meeting with PML-N leader Maryam Na
Published 14 Sep, 2017 12:00am
Lahore OLMT: first shipment of locomotive, bogies arrives today

Lahore OLMT: first shipment of locomotive, bogies arrives today

First shipment of locomotive and bogies for Lahore Orange Line Metro Train (OLMT) will arrive in Karachi today from China and scheduled to reach Lahore during the first week of October. Khawaja Ahmad Hassan, Chairman of the steering committee for Lahore O
Published 14 Sep, 2017 12:00am
LCCI calls for downward revision of property tax

LCCI calls for downward revision of property tax

The Lahore Chamber of Commerce and Industry has called for downward revision of property tax rate as existing rate is too high and hindering the growth of businesses. The LCCI President Abdul Basit on Wednesday said that high property tax is against the b
Published 14 Sep, 2017 12:00am
Best energy option - high priced LNG? - I

Best energy option - high priced LNG? - I

We do really have a sense of humour, Just like being asked to eat cake if you cannot afford to get bread, we are being asked to use the very expensive LNG-based re-gasified fuel. Who will really afford this exorbitant fuel is not to be questioned!
Published 14 Sep, 2017 12:00am
The merchants of death

The merchants of death

In the late 18th century, a Scandinavian company named Nobel Group invented dynamite and thereon gun powder. This proved to be one of the most commercially rewarding inventions of all times. It dealt with death and destruction. For more than 100 years the
Published 14 Sep, 2017 12:00am
Our democracy and the known unknowns

Our democracy and the known unknowns

In a bid to promote "democratic culture" in this country, the Senate passed a resolution the other day. Introduced by a PPP legislator, it calls for making "democratic civic education" a compulsory part of curriculums in educational institutions so as to
Published 14 Sep, 2017 12:00am
Case of special assistants: Selecting the non-elected

Case of special assistants: Selecting the non-elected

PM Abbasi finds strength in numbers. Not satisfied with 29 Ministers, 18 Ministers of State and 4 advisers, he continues to add Special Assistants - eight, and counting. And it doesn't matter if he can't find a portfolio for several of them, letting the S
Published 14 Sep, 2017 12:00am
The elephant in the room

The elephant in the room

The inauguration of the new judicial year at the Supreme Court (SC) in Islamabad on September 11, 2017 saw a number of speeches regarding the dispensation of justice in a democratic society. Chief amongst the speakers was the Chief Justice of Pakistan (CJ
Published 14 Sep, 2017 12:00am
Banking on government papers

Banking on government papers

By most indications, performance of banking sector in Pakistan continues to be sound. According to the latest Quarterly Performance Review (QPR) of banking sector released by the State Bank of Pakistan, broad-based and robust growth has been witnessed in
Published 14 Sep, 2017 12:00am
India warmongering country: Dastgir

India warmongering country: Dastgir

Minister for Defence Khurram Dastgir Wednesday said that the US-India nexus regarding Afghanistan indicates that Trump administration is not serious in bringing peace and stability to the war-torn country. During an interaction session with media, he said
Published 14 Sep, 2017 12:00am
India warmongering country: Dastgir

India warmongering country: Dastgir

Minister for Defence Khurram Dastgir Wednesday said that the US-India nexus regarding Afghanistan indicates that Trump administration is not serious in bringing peace and stability to the war-torn country. During an interaction session with media, he said
Published 14 Sep, 2017 12:00am
APTMA laments high cost of doing business
Cotton

APTMA laments high cost of doing business

Some 140 textile mills have closed their operations, while another 75 to 80 mills are on the verge of closure due to high cost of doing business. According to All Pakistan Textile Mills Association (APTMA), with the closure of 140 textile mills, about one
Published 14 Sep, 2017 12:00am
APTMA laments high cost of doing business
Cotton

APTMA laments high cost of doing business

Some 140 textile mills have closed their operations, while another 75 to 80 mills are on the verge of closure due to high cost of doing business. According to All Pakistan Textile Mills Association (APTMA), with the closure of 140 textile mills, about one
Published 14 Sep, 2017 12:00am
APTMA laments high cost of doing business
Cotton

APTMA laments high cost of doing business

Some 140 textile mills have closed their operations, while another 75 to 80 mills are on the verge of closure due to high cost of doing business. According to All Pakistan Textile Mills Association (APTMA), with the closure of 140 textile mills, about one
Published 14 Sep, 2017 12:00am
Government unveils judges' salaries, perks, privileges

Government unveils judges' salaries, perks, privileges

The details of salaries as well as perks and privileges admissible to Supreme Court and high courts judges were placed before the Senate on Wednesday that prompted some senators to demand similar kinds of facilities for lawmakers.
Published 14 Sep, 2017 12:00am
Government unveils judges' salaries, perks, privileges

Government unveils judges' salaries, perks, privileges

The details of salaries as well as perks and privileges admissible to Supreme Court and high courts judges were placed before the Senate on Wednesday that prompted some senators to demand similar kinds of facilities for lawmakers.
Published 14 Sep, 2017 12:00am
Suicide bomber kills three near Kabul cricket stadium

Suicide bomber kills three near Kabul cricket stadium

A suicide bomber blew himself up near a cricket stadium in the Afghan capital Kabul on Wednesday, killing three people including a policeman and wounding five others, police said. The attacker detonated the bomb after he was stopped at a security checkpoi
Published 14 Sep, 2017 12:00am
Jadhav case: India submits reply in ICJ

Jadhav case: India submits reply in ICJ

The case of convicted Indian spy Kulbhushan Jadhav will take another turn as India has submitted its initial pleadings, known as 'memorial', to the International Court oof Justice (ICJ) in The Hague On June 16 this year, the ICJ turned down India's reques
Published 14 Sep, 2017 12:00am
Jadhav case: India submits reply in ICJ

Jadhav case: India submits reply in ICJ

The case of convicted Indian spy Kulbhushan Jadhav will take another turn as India has submitted its initial pleadings, known as 'memorial', to the International Court oof Justice (ICJ) in The Hague On June 16 this year, the ICJ turned down India's reques
Published 14 Sep, 2017 12:00am
The Weather

The Weather

The weather report on Wednesday (September 13, 2017) and the forecast for Thursday (September 14, 2017).

Published 14 Sep, 2017 12:00am
PSM meeting marred by absence of three BoD members

PSM meeting marred by absence of three BoD members

An internal dispute between Pakistan Steel Mills (PSM) and National Industrial Parks and Management Company (NIP) on the price of land for an industrial park and CPEC projects has reportedly created hurdles towards new investment in the industry, well-inf
Published 14 Sep, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (September 13, 2017).

Published 14 Sep, 2017 12:00am
PSM meeting marred by absence of three BoD members

PSM meeting marred by absence of three BoD members

An internal dispute between Pakistan Steel Mills (PSM) and National Industrial Parks and Management Company (NIP) on the price of land for an industrial park and CPEC projects has reportedly created hurdles towards new investment in the industry, well-inf
Published 14 Sep, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (September 13, 2017).

Published 14 Sep, 2017 12:00am
PSM meeting marred by absence of three BoD members

PSM meeting marred by absence of three BoD members

An internal dispute between Pakistan Steel Mills (PSM) and National Industrial Parks and Management Company (NIP) on the price of land for an industrial park and CPEC projects has reportedly created hurdles towards new investment in the industry, well-inf
Published 14 Sep, 2017 12:00am
Over 24 percent growth registered in gross revenue during two months

Over 24 percent growth registered in gross revenue during two months

Minister for Finance, Economic Affairs and Revenue, Senator Mohammad Ishaq Dar on Wednesday chaired a high-level meeting at Federal Board of Revenue (FBR) to review progress of revenue collection in the current fiscal year. Special Assistant to Prime Mini
Published 14 Sep, 2017 12:00am
Over 24 percent growth registered in gross revenue during two months

Over 24 percent growth registered in gross revenue during two months

Minister for Finance, Economic Affairs and Revenue, Senator Mohammad Ishaq Dar on Wednesday chaired a high-level meeting at Federal Board of Revenue (FBR) to review progress of revenue collection in the current fiscal year. Special Assistant to Prime Mini
Published 14 Sep, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (September 13, 2017).

Published 14 Sep, 2017 12:00am
Over 24 percent growth registered in gross revenue during two months

Over 24 percent growth registered in gross revenue during two months

Minister for Finance, Economic Affairs and Revenue, Senator Mohammad Ishaq Dar on Wednesday chaired a high-level meeting at Federal Board of Revenue (FBR) to review progress of revenue collection in the current fiscal year. Special Assistant to Prime Mini
Published 14 Sep, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (September 13, 2017)

Published 14 Sep, 2017 12:00am
Senate body alarmed by findings of AGP

Senate body alarmed by findings of AGP

The Senate Standing Committee on Finance was alarmed by cases of Rs 387 billion of fraud, embezzlement, theft and misuse of powers in public sector enterprises (PSEs) of various federal ministries exposed by Auditor General of Pakistan (AGP) in its audit
Published 14 Sep, 2017 12:00am
Senate body alarmed by findings of AGP

Senate body alarmed by findings of AGP

The Senate Standing Committee on Finance was alarmed by cases of Rs 387 billion of fraud, embezzlement, theft and misuse of powers in public sector enterprises (PSEs) of various federal ministries exposed by Auditor General of Pakistan (AGP) in its audit
Published 14 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 Wednesday (September 13, 2017).

Published 14 Sep, 2017 12:00am
Senate body alarmed by findings of AGP

Senate body alarmed by findings of AGP

The Senate Standing Committee on Finance was alarmed by cases of Rs 387 billion of fraud, embezzlement, theft and misuse of powers in public sector enterprises (PSEs) of various federal ministries exposed by Auditor General of Pakistan (AGP) in its audit
Published 14 Sep, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (September 13, 2017).

Published 14 Sep, 2017 12:00am
Civilian martyred by Indian firing

Civilian martyred by Indian firing

One person embraced martyrdom as Indian forces resorted to unprovoked firing on Wednesday along the Working Boundary in Phuklian sector as well as along the Line of Control (LOC) intermittently with direct firing on civilian population in Chirikot and Kai
Published 14 Sep, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (September 13, 2017).

Published 14 Sep, 2017 12:00am
PTA acts to protect cellphone users against 'bill shock'

PTA acts to protect cellphone users against 'bill shock'

Pakistan Telecommunication Authority (PTA) is all set to bind Cellular Mobile Operators (CMOs) to implement a standard system, whereby mobile users will be notified for reaching package/offer credit limit and application of default rate to save cellular m
Published 14 Sep, 2017 12:00am
Suspect accused in revenue record fraud case held

Suspect accused in revenue record fraud case held

National Accountability Bureau (NAB), Karachi on Wednesday claimed to have arrested a person allegedly involved in revenue record fraud. It said that the accused is charged for keeping fake entries in revenue record with respect to 77 acres of precious go
Published 14 Sep, 2017 12:00am
THE RUPEE: rates unmoved

THE RUPEE: rates unmoved

The rupee showed firmness against the dollar on the money market on Wednesday 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 14 Sep, 2017 12:00am
THE RUPEE: rates unmoved

THE RUPEE: rates unmoved

The rupee showed firmness against the dollar on the money market on Wednesday 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 14 Sep, 2017 12:00am
Suu Kyi to skip UN assembly

Suu Kyi to skip UN assembly

Myanmar's national leader Aung San Suu Kyi, facing outrage over violence that has forced about 400,000 Rohingya Muslims to flee to Bangladesh, cancelled a trip to the upcoming U.N. General Assembly because of the crisis, her office said on Wednesday.
Published 14 Sep, 2017 12:00am
Suu Kyi to skip UN assembly

Suu Kyi to skip UN assembly

Myanmar's national leader Aung San Suu Kyi, facing outrage over violence that has forced about 400,000 Rohingya Muslims to flee to Bangladesh, cancelled a trip to the upcoming U.N. General Assembly because of the crisis, her office said on Wednesday.
Published 14 Sep, 2017 12:00am
Wheat, by-products: SBP grants extension in subsidy

Wheat, by-products: SBP grants extension in subsidy

Following the directives of the federal government, the State Bank of Pakistan (SBP) has announced extension in subsidy on export of wheat and wheat products. In terms of the Ministry of National Food Security and Research (MNFSR), Government of Pakistan'
Published 14 Sep, 2017 12:00am
Wheat, by-products: SBP grants extension in subsidy

Wheat, by-products: SBP grants extension in subsidy

Following the directives of the federal government, the State Bank of Pakistan (SBP) has announced extension in subsidy on export of wheat and wheat products. In terms of the Ministry of National Food Security and Research (MNFSR), Government of Pakistan'
Published 14 Sep, 2017 12:00am
Wheat, by-products: SBP grants extension in subsidy

Wheat, by-products: SBP grants extension in subsidy

Following the directives of the federal government, the State Bank of Pakistan (SBP) has announced extension in subsidy on export of wheat and wheat products. In terms of the Ministry of National Food Security and Research (MNFSR), Government of Pakistan'
Published 14 Sep, 2017 12:00am
World must address our security concerns: CoAS

World must address our security concerns: CoAS

Chief of Army Staff General Qamar Bajwa has said that while Pakistan will continue to support all peace efforts however, it expect that its security concerns are also addressed. He said that Pakistan has improved security situation and has a key role in r
Published 14 Sep, 2017 12:00am
World must address our security concerns: CoAS

World must address our security concerns: CoAS

Chief of Army Staff General Qamar Bajwa has said that while Pakistan will continue to support all peace efforts however, it expect that its security concerns are also addressed. He said that Pakistan has improved security situation and has a key role in r
Published 14 Sep, 2017 12:00am
Presentation at P.S.X. Auditorium

Presentation at P.S.X. Auditorium

Presentation at P.S.X. Auditorium (only for TRE certificate holders and their authorised employees).

Published 14 Sep, 2017 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 14 Sep, 2017 12:00am
BRIndex100 gains 120.14 points
Exchange

BRIndex100 gains 120.14 points

Pakistan Stock Exchange Wednesday witnessed a bullish trend on the back of hefty buying by local and foreign investors. BRIndex100 gained 120.14 points or 2.68 percent to close at 4,610.12 points. The index touched an intraday high of 4,612.82 points and
Published 14 Sep, 2017 12:00am
Board Meetings
Exchange

Board Meetings

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 14 Sep, 2017 12:00am
BRIndex100 gains 120.14 points
Exchange

BRIndex100 gains 120.14 points

Pakistan Stock Exchange Wednesday witnessed a bullish trend on the back of hefty buying by local and foreign investors. BRIndex100 gained 120.14 points or 2.68 percent to close at 4,610.12 points. The index touched an intraday high of 4,612.82 points and
Published 14 Sep, 2017 12:00am
BRIndex100 gains 120.14 points
Exchange

BRIndex100 gains 120.14 points

Pakistan Stock Exchange Wednesday witnessed a bullish trend on the back of hefty buying by local and foreign investors. BRIndex100 gained 120.14 points or 2.68 percent to close at 4,610.12 points. The index touched an intraday high of 4,612.82 points and
Published 14 Sep, 2017 12:00am
Qatar, Bahrain the most affected economies: Moody''s

Qatar, Bahrain the most affected economies: Moody''s

A boycott of Qatar by a Saudi-led bloc of Arab states is hurting the economies of all the countries involved, with Bahrain and Qatar the most affected, Moody''s Investor Service said Wednesday. The row has translated into a credit negative for the entire
Published 14 Sep, 2017 12:00am
Qatar, Bahrain the most affected economies: Moody's

Qatar, Bahrain the most affected economies: Moody's

A boycott of Qatar by a Saudi-led bloc of Arab states is hurting the economies of all the countries involved, with Bahrain and Qatar the most affected, Moody's Investor Service said Wednesday. The row has translated into a credit negative for the entire s
Published 14 Sep, 2017 12:00am
Qatar, Bahrain the most affected economies: Moody's

Qatar, Bahrain the most affected economies: Moody's

A boycott of Qatar by a Saudi-led bloc of Arab states is hurting the economies of all the countries involved, with Bahrain and Qatar the most affected, Moody's Investor Service said Wednesday. The row has translated into a credit negative for the entire s
Published 14 Sep, 2017 12:00am
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