News Archives for Print - 2017-09-16

Norway's foreign minister Borge Brende on Friday announced he has been appointed as president of the World Economic Forum (WEF), a foundation that organises a high-level global economy event every year in Davos, Switzerland. Speaking at a joint news confe

Published 16 Sep, 2017 12:00am

EFU GUARANTEED GROWTH FUND RATES

EFU Guaranteed Growth Fund Rates on Friday (September 15, 2017).

Published 16 Sep, 2017 12:00am

Norway FM appointed as new WEF president

Norway's foreign minister Borge Brende on Friday announced he has been appointed as president of the World Economic Forum (WEF), a foundation that organises a high-level global economy event every year in Davos, Switzerland. Speaking at a joint news confe

Published 16 Sep, 2017 12:00am

EFU TAKAFUL GROWTH FUND RATES

EFU Takaful Growth Fund Rates on Friday (September 15, 2017).

Published 16 Sep, 2017 12:00am

RLNG-III pipeline project: ECC for finalising financing plan

The Economic Co-ordination Committee (ECC) of the Cabinet has directed Petroleum Division, Finance Division and Economic Affairs Division to finalise a financing plan of Rs 175 billion for RLNG-III pipeline project (Karachi to Lahore) to be undertaken by

Published 16 Sep, 2017 12:00am

EFU TAKAFUL GROWTH FUND RATES

EFU Takaful Growth Fund Rates on Friday (September 15, 2017).

Published 16 Sep, 2017 12:00am

RLNG-III pipeline project: ECC for finalising financing plan

The Economic Co-ordination Committee (ECC) of the Cabinet has directed Petroleum Division, Finance Division and Economic Affairs Division to finalise a financing plan of Rs 175 billion for RLNG-III pipeline project (Karachi to Lahore) to be undertaken by

Published 16 Sep, 2017 12:00am

EFU TAKAFUL GROWTH FUND RATES

EFU Takaful Growth Fund Rates on Friday (September 15, 2017).

Published 16 Sep, 2017 12:00am

RLNG-III pipeline project: ECC for finalising financing plan

The Economic Co-ordination Committee (ECC) of the Cabinet has directed Petroleum Division, Finance Division and Economic Affairs Division to finalise a financing plan of Rs 175 billion for RLNG-III pipeline project (Karachi to Lahore) to be undertaken by

Published 16 Sep, 2017 12:00am

EFU TAKAFUL AGGRESSIVE FUND RATES

EFU Takaful Aggressive Fund Rates on Friday (September 15, 2017).

Published 16 Sep, 2017 12:00am

Nepra criticises government for failing to implement reforms

National Electric Power Regulatory Authority (Nepra) at a recent meeting of federal cabinet criticised the government for not implementing power sector reforms that began in the nineties in letter and spirit and not improving governance in NTDC, Discos an

Published 16 Sep, 2017 12:00am

EFU TAKAFUL AGGRESSIVE FUND RATES

EFU Takaful Aggressive Fund Rates on Friday (September 15, 2017).

Published 16 Sep, 2017 12:00am

Nepra criticises government for failing to implement reforms

National Electric Power Regulatory Authority (Nepra) at a recent meeting of federal cabinet criticised the government for not implementing power sector reforms that began in the nineties in letter and spirit and not improving governance in NTDC, Discos an

Published 16 Sep, 2017 12:00am

EFU TAKAFUL AGGRESSIVE FUND RATES

EFU Takaful Aggressive Fund Rates on Friday (September 15, 2017).

Published 16 Sep, 2017 12:00am

Nepra criticises government for failing to implement reforms

National Electric Power Regulatory Authority (Nepra) at a recent meeting of federal cabinet criticised the government for not implementing power sector reforms that began in the nineties in letter and spirit and not improving governance in NTDC, Discos an

Published 16 Sep, 2017 12:00am

EFU AGGRESSIVE FUND RATES

EFU Aggressive Fund Rates on Friday (September 15, 2017).

Published 16 Sep, 2017 12:00am

Exchange

BRIndex100 keeps rising

Pakistan Stock Exchange ended the week on a positive note on the back of buying by local and foreign investors in various sectors. BRIndex100 gained 6.37 points or 0.14 percent to close at 4,667.73 points on Friday. BRIndex 100 touched intraday high of 4,

Published 16 Sep, 2017 12:00am

EFU AGGRESSIVE FUND RATES

EFU Aggressive Fund Rates on Friday (September 15, 2017).

Published 16 Sep, 2017 12:00am

Exchange

BRIndex100 keeps rising

Pakistan Stock Exchange ended the week on a positive note on the back of buying by local and foreign investors in various sectors. BRIndex100 gained 6.37 points or 0.14 percent to close at 4,667.73 points on Friday. BRIndex 100 touched intraday high of 4,

Published 16 Sep, 2017 12:00am

EFU AGGRESSIVE FUND RATES

EFU Aggressive Fund Rates on Friday (September 15, 2017).

Published 16 Sep, 2017 12:00am

Exchange

BRIndex100 keeps rising

Pakistan Stock Exchange ended the week on a positive note on the back of buying by local and foreign investors in various sectors. BRIndex100 gained 6.37 points or 0.14 percent to close at 4,667.73 points on Friday. BRIndex 100 touched intraday high of 4,

Published 16 Sep, 2017 12:00am

Exchange

Dates of Closure of Books & Annual General Meetings

Dates of Closure of Books and holding of Ordinary and Extra-Ordinary General Meetings of companies listed on the stock exchanges.

Published 16 Sep, 2017 12:00am

Review pleas dismissed

Announcing a short order in response to review pleas of the Sharif family seeking revisiting the Panama Papers case verdict that disqualified Nawaz Sharif from holding public office as prime minister, the Supreme Court on Friday pronounced the dismissal o

Published 16 Sep, 2017 12:00am

Exchange

Clearing Schedule for T+2 System

Pakistan Stock Exchange's Clearing Schedule for T+2 System.

Published 16 Sep, 2017 12:00am

Review pleas dismissed

Announcing a short order in response to review pleas of the Sharif family seeking revisiting the Panama Papers case verdict that disqualified Nawaz Sharif from holding public office as prime minister, the Supreme Court on Friday pronounced the dismissal o

Published 16 Sep, 2017 12:00am

Exchange

Proposed right issues

Right issues proposed by companies listed on Pakistan Stock Exchange.

Published 16 Sep, 2017 12:00am

Sharifs to be disqualified for fixed time, or be barred forever?

It remains unclear, however, whether the Sharifs will be disqualified for a fixed time, perhaps several years, or be barred from office forever. That could have major implications for Nawaz and his daughter Maryam. She is being touted as a future leader o

Published 16 Sep, 2017 12:00am

Last date of renunciation/payment

Last dates of renunciation/payment.

Published 16 Sep, 2017 12:00am

Sharifs to be disqualified for fixed time, or be barred forever?

It remains unclear, however, whether the Sharifs will be disqualified for a fixed time, perhaps several years, or be barred from office forever. That could have major implications for Nawaz and his daughter Maryam. She is being touted as a future leader o

Published 16 Sep, 2017 12:00am

Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 16 Sep, 2017 12:00am

ECP orders arrest of Imran

In a fresh development, the Election Commission of Pakistan (ECP) Friday directed Islamabad police to arrest Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan and produce him before the Commission on September 25. On Thursday, the ECP issued bailable war

Published 16 Sep, 2017 12:00am

BRIndex30 and BR Sectoral Indices

BRIndex30 and BR Sectoral Indices on Friday (September 15, 2017).

Published 16 Sep, 2017 12:00am

ECP orders arrest of Imran

In a fresh development, the Election Commission of Pakistan (ECP) Friday directed Islamabad police to arrest Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan and produce him before the Commission on September 25. On Thursday, the ECP issued bailable war

Published 16 Sep, 2017 12:00am

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

National Clearing Company declares daily settlement information for local & foreign investors on Friday (September 15, 2017).

Published 16 Sep, 2017 12:00am

Suspected US drone strike targets militants in tribal area

A suspected US drone strike killed three people in the tribal area of Pakistan near the Afghanistan border on Friday, a senior regional official said, in what Afghan Taliban sources say was an attack targeting a Haqqani network militant. If confirmed, it

Published 16 Sep, 2017 12:00am

Mutual Funds

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Friday (September 15, 2017)

Published 16 Sep, 2017 12:00am

Suspected US drone strike targets militants in tribal area

A suspected US drone strike killed three people in the tribal area of Pakistan near the Afghanistan border on Friday, a senior regional official said, in what Afghan Taliban sources say was an attack targeting a Haqqani network militant. If confirmed, it

Published 16 Sep, 2017 12:00am

Siyal stresses need for adopting scientific methods in agriculture sector

Sindh Minister for Home, Agriculture, Mines and Mineral Development Sohail Anwar Siyal has underlined the need of adopting scientific methods for bringing rapid improvement in agriculture sector of the province.

Published 16 Sep, 2017 12:00am

1,800-year-old black dot is first 'zero': researchers

A black dot on a third-century Indian manuscript has been identified by Oxford University as the first recorded use of the mathematical symbol for zero, 500 years earlier than previously thought. "Scientists from the University of Oxford's Bodleian Librar

Published 16 Sep, 2017 12:00am

HBL hires Wathra

The Board of Directors of HBL in its meeting of September 14, 2017 approved the appointment of Ashraf Mahmood Wathra as Senior Corporate Consultant to the Bank on International strategy and operations. Wathra recently completed his term as Governor State

Published 16 Sep, 2017 12:00am

HBL hires Wathra

The Board of Directors of HBL in its meeting of September 14, 2017 approved the appointment of Ashraf Mahmood Wathra as Senior Corporate Consultant to the Bank on International strategy and operations. Wathra recently completed his term as Governor State

Published 16 Sep, 2017 12:00am

HBL hires Wathra

The Board of Directors of HBL in its meeting of September 14, 2017 approved the appointment of Ashraf Mahmood Wathra as Senior Corporate Consultant to the Bank on International strategy and operations. Wathra recently completed his term as Governor State

Published 16 Sep, 2017 12:00am

Rights groups denounce 'crackdown on dissent'

Rights groups on Friday condemned a "crackdown" by Saudi authorities who have arrested dozens of people including prominent clerics in the ultra-conservative Muslim kingdom. Amnesty Interna-tional said the authorities had detained more than 20 religious f

Published 16 Sep, 2017 12:00am

Rights groups denounce 'crackdown on dissent'

Rights groups on Friday condemned a "crackdown" by Saudi authorities who have arrested dozens of people including prominent clerics in the ultra-conservative Muslim kingdom. Amnesty Interna-tional said the authorities had detained more than 20 religious f

Published 16 Sep, 2017 12:00am

PSEs: AGP briefs Senate body on huge malfeasance

The Auditor General of Pakistan (AGP) has given a brief to the Senate Standing Committee on Finance on audit paras pertaining to financial irregularities to the tune of Rs 387 billion and the cases pertaining to fraud and embezzlement, theft and misuse of

Published 16 Sep, 2017 12:00am

PSEs: AGP briefs Senate body on huge malfeasance

The Auditor General of Pakistan (AGP) has given a brief to the Senate Standing Committee on Finance on audit paras pertaining to financial irregularities to the tune of Rs 387 billion and the cases pertaining to fraud and embezzlement, theft and misuse of

Published 16 Sep, 2017 12:00am

PSEs: AGP briefs Senate body on huge malfeasance

The Auditor General of Pakistan (AGP) has given a brief to the Senate Standing Committee on Finance on audit paras pertaining to financial irregularities to the tune of Rs 387 billion and the cases pertaining to fraud and embezzlement, theft and misuse of

Published 16 Sep, 2017 12:00am

System efficiency, line losses: ministry, Discos' chiefs directed to carry out comprehensive plan

Prime Minister Shahid Khaqan Abbasi has directed Ministry of Power and the heads of the power distribution companies (DISCOs) to come up with a comprehensive plan for improving system efficiency, reducing line losses and equipping the system to meet incre

Published 16 Sep, 2017 12:00am

System efficiency, line losses: ministry, Discos' chiefs directed to carry out comprehensive plan

Prime Minister Shahid Khaqan Abbasi has directed Ministry of Power and the heads of the power distribution companies (DISCOs) to come up with a comprehensive plan for improving system efficiency, reducing line losses and equipping the system to meet incre

Published 16 Sep, 2017 12:00am

System efficiency, line losses: ministry, Discos'' chiefs directed to carry out comprehensive plan

Prime Minister Shahid Khaqan Abbasi has directed Ministry of Power and the heads of the power distribution companies (DISCOs) to come up with a comprehensive plan for improving system efficiency, reducing line losses and equipping the system to meet incre

Published 16 Sep, 2017 12:00am

Census and elections 2018

A Business Recorder exclusive revealed that the government is considering introducing a constitutional amendment, on the advice of Finance Minister Ishaq Dar, to allow the Election Commission of Pakistan (ECP) to engage in the delimitation exercise

Published 16 Sep, 2017 12:00am

A long-overdue step

It is heartening to note that the public transport issue of a city of teeming millions has finally attracted the attention of Sindh government. According to a newspaper report, Karachi, which is rightly described as "mini-Pakistan" because of a variety of

Published 16 Sep, 2017 12:00am

Cotton

Decline in exports

Pakistan's textile exports have declined in the last four years because of the high cost of doing business. This is the considered opinion of a large and growing segment of Pakistani businessmen. There was a comment this week on the statement of Muhammad

Published 16 Sep, 2017 12:00am

Panama case judgement: Dismissal of review petitions

Nawaz Sharif, his offspring, son-in-law, Muhammad Safdar, and father-in-law of younger daughter, Muhammad Ishaq Dar, in multiple review petitions filed against the decisions of Supreme Court of April 20, 2017 and July 28, 2017, in the Panama Case, raised

Published 16 Sep, 2017 12:00am

Exchange

Ukraine's growth-linked bonds: when recovery becomes painful

Two years after a landmark debt restructuring, Ukraine is seeking a bond swap to avoid a mass of near-term repayments. But its real problem may lie further out - when securities linked to economic recovery start falling due. Ukraine threw in $3.6 billion

Published 16 Sep, 2017 12:00am

ST deregistration applications

This is apropos a Business Recorder news item "Thousands of deregistration applications pending with FBR" carried by the newspaper on September 12, I would refer to the strain that the pending applications may be causing on the FBR.

Published 16 Sep, 2017 12:00am

Presidential address to joint sitting of Parliament termed 'disappointing'

The opposition lawmakers in Senate on Friday termed Presidential address to the joint sitting of the Parliament in June this year as disappointing, saying as the head of state, he failed to give policy guidelines on key issues facing the country. Taking p

Published 16 Sep, 2017 12:00am

Exchange

TDAP organizes seminar on export potential of handicrafts

Trade Development Authority of Pakistan (TDAP) Sub-Regional office Hyderabad organized a seminar on export potential of handicrafts at Hotel Indus Hyderabad for product development and value addition in it to make handicrafts more competitive and exportab

Published 16 Sep, 2017 12:00am

Over Rs 9.218 billion taxes recovered in last two months: minister

Sindh Minister for Excise, Taxation and Narcotics Control Mukesh Kumar Chawla has said that during the last two months, his department has collected Rs 9218.846 million in heads of various taxes as compared to Rs 8140. 552 million taxes recovery in the sa

Published 16 Sep, 2017 12:00am

SU announces BCS results

The Controller of Examinations (Semester), University of Sindh has announced the results of BCS Part-I, II and III regular and failure of the various public affiliated colleges ie Govt Shah Latif Girls College Latifabad, Govt Nazareth Girls College Hydera

Published 16 Sep, 2017 12:00am

Exchange

SECP extends time for comments

The Securities and Exchange Commission of Pakistan (SECP) has extended time for providing comments on draft Listed Companies (Code of Corporate Governance) 2017, till September 30, 2017. The regulations dated August 31, 2017, were placed on the SECP's web

Published 16 Sep, 2017 12:00am

FBR to work with telecom companies to boost filing of returns

As part of its initiative to rope in large public and private sector organisations and companies in its ongoing drive for filing of income tax returns, Federal Board of Revenue (FBR) has approached the country's cellular sector to facilitate the workforce

Published 16 Sep, 2017 12:00am

Talks on Indus Waters Treaty under way in Washington

Pakistan and India on Friday started high-level talks on technical issues of the Indus Waters Treaty in Washington, a senior World Bank official said."These meetings are a continuation of a discussion on how to safeguard the Treaty for the benefit of the

Published 16 Sep, 2017 12:00am

Currency	Rate
USD PKR Interbank Selling / May 9	281.75
USD PKR Interbank Buying / May 9	281.50
USD to Japanese Yen / May 9	145.37
USD to Swiss Franc / May 9	0.83
Pound Sterling to USD / May 9	1.33
Euro to USD / May 9	1.12
UK LIBOR % / May 9	4.96

Stock	Volume
S&P 500 / May 9	5,659.91
India Sensex / May 9	79,454.47
Tokyo Nikkei / May 9	37,503.33
Nasdaq / May 9	17,928.92
Hang Seng / May 9	22,867.74
FTSE 100 / May 9	8,554.80
Dow Jones / May 9	41,249.38
Germany DAX 30 / May 9	23,499.32
France CAC40 / May 9	7,743.75

Item	Value
Crude Oil USD/Barrel / May 9	61.02
Karachi Cotton PKR/37.32 KG / May 9	16,985
Gold 10 Grams PKR / May 9	300,840
Gold Spot USD/Ounce / May 9	3,324.98
Cotton US¢/pound / May 9	66.61
Petrol/Litre / May 11	252.63
Diesel/Litre / May 11	256.64

Stock	Price
First AL-Noor Mod. / May 9 First Al-Noor Modaraba(FANM)	3 ▲ 0.67 (28.76%)
Premier Insurance / May 9 Premier Insurance Limited(PINL)	5.15 ▲ 0.72 (16.25%)
Escorts Bank / May 9 Escorts Investment Bank Limited(ESBL)	5.98 ▲ 0.83 (16.12%)
Parmount Sp. / May 9 Paramount Spinning Mills Limited(PASM)	3.22 ▲ 0.41 (14.59%)
UDL International / May 9 UDL International Limited(UDLI)	7.10 ▲ 0.85 (13.6%)
Abdullah Shah / May 9 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	5.44 ▲ 0.65 (13.57%)
Chenab Ltd (Pref) / May 9 Chenab Limited (Pref)(CLCPS)	2.05 ▲ 0.23 (12.64%)
LSE Capital / May 9 LSE Capital Limited(LSECL)	4.39 ▲ 0.48 (12.28%)
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	6.42 ▲ 0.7 (12.24%)
D.S. Ind. Ltd. / May 9 D.S. Industries Limited(DSIL)	3.90 ▲ 0.41 (11.75%)

Stock	Price
Cyan Limited / May 9 Cyan Limited(CYAN)	27.05 ▼ -5.03 (-15.68%)
Burj Clean Energy Modaraba / May 9 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.11 ▼ -1 (-12.33%)
Universal Ins. / May 9 The Universal Insurance Company Limited(UVIC)	8.25 ▼ -1 (-10.81%)
Sally Textile / May 9 Sally Textile Mills Limited(SLYT)	7.14 ▼ -0.86 (-10.75%)
Jubilee Spinning / May 9 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	8.43 ▼ -0.95 (-10.13%)
At-Tahur Ltd. / May 9 At-Tahur Limited(PREMA)	42.57 ▼ -4.73 (-10%)
Khyber Tobacco / May 9 Khyber Tobacco Company Limited(KHTC)	342.26 ▼ -38.03 (-10%)
Dewan Mushtaq / May 9 Dewan Mushtaq Textile Mills Limited(DMTM)	9.29 ▼ -1.03 (-9.98%)
PIA Holding Co.Ltd / May 9 PIA Holding Company Limited(PIAHCLA)	12.23 ▼ -1.35 (-9.94%)
First Elite Cap.Mod / May 9 First Elite Capital Modaraba(FECM)	18.44 ▼ -2 (-9.78%)

Stock	Volume
WorldCall Telecom / May 9 Worldcall Telecom Limited(WTL)	47,087,025 ▲ 0.06
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	33,590,475 ▲ 0.7
Sui South Gas / May 9 Sui Southern Gas Company Limited(SSGC)	29,288,646 ▼ -1.53
B.O.Punjab / May 9 The Bank of Punjab(BOP)	18,310,598 ▲ 0.44
Pak Refinery / May 9 Pakistan Refinery Limited(PRL)	15,347,121 ▲ 0.3
PIA Holding Co.Ltd / May 9 PIA Holding Company Limited(PIAHCLA)	14,961,675 ▼ -1.35
Sui North Gas / May 9 Sui Northern Gas Pipelines Limited(SNGP)	14,847,660 ▲ 5.69
K-Electric Ltd. / May 9 K-Electric Limited(KEL)	14,463,181 ▲ 0.09
Maple Leaf Cement / May 9 Maple Leaf Cement Factory Limited(MLCF)	13,544,491 ▲ 2.45
Kohinoor Spining / May 9 Kohinoor Spinning Mills Limited(KOSM)	13,517,642 ▲ 0.05

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