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Print - 2017-09-28
LCCI urges RD withdrawal on steel import

LCCI urges RD withdrawal on steel import

Lahore Chamber of Commerce and Industry (LCCI) President-elect Malik Tahir Javed has urged the government to save the auto parts manufacturers of Pakistan who are in deep trouble because of adverse conditions. Malik Tahir said that auto parts manufacturer
Published 28 Sep, 2017 12:00am
LCCI urges RD withdrawal on steel import

LCCI urges RD withdrawal on steel import

Lahore Chamber of Commerce and Industry (LCCI) President-elect Malik Tahir Javed has urged the government to save the auto parts manufacturers of Pakistan who are in deep trouble because of adverse conditions. Malik Tahir said that auto parts manufacturer
Published 28 Sep, 2017 12:00am
Tomato issue will be resolved in a few days: minister

Tomato issue will be resolved in a few days: minister

Punjab Minister for Industry and Trade Sheikh Alauddin has claimed that the issue of unavailability of tomatoes in general market will be resolved in a few days. He said that the government of Punjab is trying to make sure that tomatoes should be availabl
Published 28 Sep, 2017 12:00am
Descon Oxychem Limited
Mutual Funds

Descon Oxychem Limited

A market leader in Pakistan's hydrogen peroxide market, Descon Oxychem (DOL on PSX) was established in 2008. It supplies customised chemistries for textiles, food & beverage safety, and industrial and consumer markets. It is also exploring growth in inter
Published 28 Sep, 2017 12:00am
Descon Oxychem Limited
Mutual Funds

Descon Oxychem Limited

A market leader in Pakistan's hydrogen peroxide market, Descon Oxychem (DOL on PSX) was established in 2008. It supplies customised chemistries for textiles, food & beverage safety, and industrial and consumer markets. It is also exploring growth in inter
Updated 03 Oct, 2017 09:49am
NAB DGs conference on eradication of corruption

NAB DGs conference on eradication of corruption

National Accountability Bureau (NAB) 3-day 22nd Director General Conference concluded with a determination to eradicate corruption and nab the corrupts with iron hands and recover looted money so that the menace of corruption is eradicated from Pakistan b
Published 28 Sep, 2017 12:00am
Shahbaz slams Indian firing at LoC

Shahbaz slams Indian firing at LoC

Punjab Chief Minister Muhammad Shahbaz Sharif has strongly condemned the incident of unprovoked firing of the Indian army at Nakial sector at the Line of Control (LoC). He has expressed deep sense of sorrow and grief over the martyrdom of a citizen due to
Published 28 Sep, 2017 12:00am
Trapped by own lies

Trapped by own lies

And do not mix the truth with falsehood or conceal the truth while you know [it]-Al-Quran (2:42)Heads of Pakistan Muslim League-Nawaz (PML-N) and Pakistan Tehreek-e-Insaf (PTI) entangled in legal battles levelling allegations against each other of
Updated 28 Sep, 2017 11:01am
5,027 units/companies de-listed in four years
Exchange

5,027 units/companies de-listed in four years

A total of 5,027 industrial units/companies de-listed/closed in the country during the last four years (June 2013-July 2017), official documents available with Business Recorder reveal. According to the Ministry of Commerce and Textile data, a tota
Published 28 Sep, 2017 12:00am
5,027 units/companies de-listed in four years
Exchange

5,027 units/companies de-listed in four years

A total of 5,027 industrial units/companies de-listed/closed in the country during the last four years (June 2013-July 2017), official documents available with Business Recorder reveal. According to the Ministry of Commerce and Textile data, a tota
Published 28 Sep, 2017 12:00am
5,027 units/companies de-listed in four years
Exchange

5,027 units/companies de-listed in four years

A total of 5,027 industrial units/companies de-listed/closed in the country during the last four years (June 2013-July 2017), official documents available with Business Recorder reveal. According to the Ministry of Commerce and Textile data, a tota
Published 28 Sep, 2017 12:00am
5,027 units/companies de-listed in four years
Exchange

5,027 units/companies de-listed in four years

A total of 5,027 industrial units/companies de-listed/closed in the country during the last four years (June 2013-July 2017), official documents available with Business Recorder reveal. According to the Ministry of Commerce and Textile data, a tota
Published 28 Sep, 2017 12:00am
Government to raise average tariff of Discos to Rs 12.90 per unit

Government to raise average tariff of Discos to Rs 12.90 per unit

The government is all set to raise average tariff of power distribution companies (Discos) to Rs 12.90 per unit from Rs 11.38 per unit aimed at passing on Rs 118 billion to the consumers excluding taxes. Previously Nepra had determined average tariff of R
Published 28 Sep, 2017 12:00am
Government to raise average tariff of Discos to Rs 12.90 per unit

Government to raise average tariff of Discos to Rs 12.90 per unit

The government is all set to raise average tariff of power distribution companies (Discos) to Rs 12.90 per unit from Rs 11.38 per unit aimed at passing on Rs 118 billion to the consumers excluding taxes. Previously Nepra had determined average tariff of R
Published 28 Sep, 2017 12:00am
Government to raise average tariff of Discos to Rs 12.90 per unit

Government to raise average tariff of Discos to Rs 12.90 per unit

The government is all set to raise average tariff of power distribution companies (Discos) to Rs 12.90 per unit from Rs 11.38 per unit aimed at passing on Rs 118 billion to the consumers excluding taxes. Previously Nepra had determined average tariff of R
Published 28 Sep, 2017 12:00am
Bajwa opens tunnel in Mohmand, APS&C in Swat

Bajwa opens tunnel in Mohmand, APS&C in Swat

The Army Chief General Qamar Javed Bajwa on Wednesday inaugurated 705-meter long tunnel in Mohmand Agency and Army Public School & College (APS&C) in Swat. According to military media wing ISPR, the Chief of Army Staff (CoAS) General Qamar Javed Bajwa has
Published 28 Sep, 2017 12:00am
Bajwa opens tunnel in Mohmand, APS&C in Swat

Bajwa opens tunnel in Mohmand, APS&C in Swat

The Army Chief General Qamar Javed Bajwa on Wednesday inaugurated 705-meter long tunnel in Mohmand Agency and Army Public School & College (APS&C) in Swat. According to military media wing ISPR, the Chief of Army Staff (CoAS) General Qamar Javed Bajwa has
Published 28 Sep, 2017 12:00am
UAE tax to double tobacco, energy drink prices

UAE tax to double tobacco, energy drink prices

Tobacco and energy drink prices are set to double in the United Arab Emirates, which is imposing steep excise taxes to help ease a budget shortfall caused by low oil prices. Khaled al-Bustani, director general of the newly established UAE Federal Tax Auth
Published 28 Sep, 2017 12:00am
UAE tax to double tobacco, energy drink prices

UAE tax to double tobacco, energy drink prices

Tobacco and energy drink prices are set to double in the United Arab Emirates, which is imposing steep excise taxes to help ease a budget shortfall caused by low oil prices. Khaled al-Bustani, director general of the newly established UAE Federal Tax Auth
Published 28 Sep, 2017 12:00am
BOARD MEETINGS
Cotton

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 28 Sep, 2017 12:00am
Landslide kills seven labourers near Sargodha

Landslide kills seven labourers near Sargodha

As many as 7 labourers were killed while on duty in the surrounding areas of Sargodha on Wednesday. Rescue officials talking to private news channel said, a total of eight labourers working on a stone crushing site were buried under a landslide. Rescue of
Published 28 Sep, 2017 12:00am
Nawaz staked his career in stabilising ties with India: FM

Nawaz staked his career in stabilising ties with India: FM

Foreign Minister Khawaja Muhammad Asif has said that Nawaz Sharif paid a political price for peace efforts with India and was termed 'Modi's friend' and 'traitor'. "Nawaz Sharif staked his political career in achieving or stabilising our relationship with
Published 28 Sep, 2017 12:00am
Nawaz staked his career in stabilising ties with India: FM

Nawaz staked his career in stabilising ties with India: FM

Foreign Minister Khawaja Muhammad Asif has said that Nawaz Sharif paid a political price for peace efforts with India and was termed 'Modi's friend' and 'traitor'. "Nawaz Sharif staked his political career in achieving or stabilising our relationship with
Published 28 Sep, 2017 12:00am
Mattis arrives in Afghanistan as rockets hit Kabul airport

Mattis arrives in Afghanistan as rockets hit Kabul airport

US Defense Secretary Jim Mattis visited Kabul on Wednesday to pledge support for the government of President Ashraf Ghani, with the precarious security in the Afghan capital underlined by an attack on the airport hours after he touched down. Arriving from
Published 28 Sep, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (September 27, 2017).

Published 28 Sep, 2017 12:00am
Mattis arrives in Afghanistan as rockets hit Kabul airport

Mattis arrives in Afghanistan as rockets hit Kabul airport

US Defense Secretary Jim Mattis visited Kabul on Wednesday to pledge support for the government of President Ashraf Ghani, with the precarious security in the Afghan capital underlined by an attack on the airport hours after he touched down. Arriving from
Published 28 Sep, 2017 12:00am
Dar's trust, foundation not registered with SECP
Exchange

Dar's trust, foundation not registered with SECP

Hajveri Trust and Hajveri Foundation - non profit organizations - with Finance Minister Ishaq Dar as the sole donor, are not registered with the Securities and Exchange Commission of Pakistan (SECP) and their certification from Pakistan Centre for Philant
Published 28 Sep, 2017 12:00am
Dar's trust, foundation not registered with SECP
Exchange

Dar's trust, foundation not registered with SECP

Hajveri Trust and Hajveri Foundation - non profit organizations - with Finance Minister Ishaq Dar as the sole donor, are not registered with the Securities and Exchange Commission of Pakistan (SECP) and their certification from Pakistan Centre for Philant
Published 28 Sep, 2017 12:00am
Dar''s trust, foundation not registered with SECP
Exchange

Dar''s trust, foundation not registered with SECP

Hajveri Trust and Hajveri Foundation - non profit organizations - with Finance Minister Ishaq Dar as the sole donor, are not registered with the Securities and Exchange Commission of Pakistan (SECP) and their certification from Pakistan Centre for Philant
Published 28 Sep, 2017 12:00am
Dar''''s trust, foundation not registered with SECP
Exchange

Dar''''s trust, foundation not registered with SECP

Hajveri Trust and Hajveri Foundation - non profit organizations - with Finance Minister Ishaq Dar as the sole donor, are not registered with the Securities and Exchange Commission of Pakistan (SECP) and their certification from Pakistan Centre for Philant
Published 28 Sep, 2017 12:00am
THE RUPEE: no major changes

THE RUPEE: no major changes

The rupee almost unchanged in relation to the dollar on the money market on Wednesday in process of trading, dealers said. The rupee sustained the last levels in terms of the dollar for buying and selling at Rs 105.43 and Rs 105.45, they said.
Published 28 Sep, 2017 12:00am
Afghanistan's only woman governor replaced by man

Afghanistan's only woman governor replaced by man

Afghanistan's only female provincial governor has been replaced by a man, an official said Wednesday, in a blow to women politicians in the patriarchal country. Masooma Muradi had faced strong resistance from religious conservatives and political opponent
Published 28 Sep, 2017 12:00am
THE RUPEE: no major changes

THE RUPEE: no major changes

The rupee almost unchanged in relation to the dollar on the money market on Wednesday in process of trading, dealers said. The rupee sustained the last levels in terms of the dollar for buying and selling at Rs 105.43 and Rs 105.45, they said.
Published 28 Sep, 2017 12:00am
Afghanistan's only woman governor replaced by man

Afghanistan's only woman governor replaced by man

Afghanistan's only female provincial governor has been replaced by a man, an official said Wednesday, in a blow to women politicians in the patriarchal country. Masooma Muradi had faced strong resistance from religious conservatives and political opponent
Published 28 Sep, 2017 12:00am
July-August: $253 million loan procured from Citibank

July-August: $253 million loan procured from Citibank

The country procured $ 253 million commercial loan from Citibank in the first two months (July-August) of the current fiscal year - 25 percent of the $ 1 billion it had budgeted for the entire year. Total external assistance for July-August 2017 amounted
Published 28 Sep, 2017 12:00am
July-August: $253 million loan procured from Citibank

July-August: $253 million loan procured from Citibank

The country procured $ 253 million commercial loan from Citibank in the first two months (July-August) of the current fiscal year - 25 percent of the $ 1 billion it had budgeted for the entire year. Total external assistance for July-August 2017 amounted
Published 28 Sep, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (September 27, 2017).

Published 28 Sep, 2017 12:00am
July-August: $253 million loan procured from Citibank

July-August: $253 million loan procured from Citibank

The country procured $ 253 million commercial loan from Citibank in the first two months (July-August) of the current fiscal year - 25 percent of the $ 1 billion it had budgeted for the entire year. Total external assistance for July-August 2017 amounted
Published 28 Sep, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (September 27, 2017).

Published 28 Sep, 2017 12:00am
5G wireless networks: Policy directives approved by Cabinet

5G wireless networks: Policy directives approved by Cabinet

Federal Cabinet has approved policy directives for test and development of technology for fifth generation (5G) wireless networks in Pakistan. Well-informed sources told Business Recorder that next Generation Mobile Services (3G/4G) are continuousl
Published 28 Sep, 2017 12:00am
5G wireless networks: Policy directives approved by Cabinet

5G wireless networks: Policy directives approved by Cabinet

Federal Cabinet has approved policy directives for test and development of technology for fifth generation (5G) wireless networks in Pakistan. Well-informed sources told Business Recorder that next Generation Mobile Services (3G/4G) are continuousl
Published 28 Sep, 2017 12:00am
5G wireless networks: Policy directives approved by Cabinet

5G wireless networks: Policy directives approved by Cabinet

Federal Cabinet has approved policy directives for test and development of technology for fifth generation (5G) wireless networks in Pakistan. Well-informed sources told Business Recorder that next Generation Mobile Services (3G/4G) are continuousl
Published 28 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 27, 2017)

Published 28 Sep, 2017 12:00am
FBR approached against delay in e-transfer of refund

FBR approached against delay in e-transfer of refund

A leading Lahore-based manufacturer of synthetic yarn has approached the Federal Board of Revenue (FBR) against prolonged delay in electronic transfer of admissible sales tax refund to its bank account through the FBR's new system of direct credit facilit
Published 28 Sep, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (September 27, 2017).

Published 28 Sep, 2017 12:00am
FBR approached against delay in e-transfer of refund

FBR approached against delay in e-transfer of refund

A leading Lahore-based manufacturer of synthetic yarn has approached the Federal Board of Revenue (FBR) against prolonged delay in electronic transfer of admissible sales tax refund to its bank account through the FBR's new system of direct credit facilit
Published 28 Sep, 2017 12:00am
FBR approached against delay in e-transfer of refund

FBR approached against delay in e-transfer of refund

A leading Lahore-based manufacturer of synthetic yarn has approached the Federal Board of Revenue (FBR) against prolonged delay in electronic transfer of admissible sales tax refund to its bank account through the FBR''s new system of direct credit facili
Published 28 Sep, 2017 12:00am
The wages of a flawed policy
Cotton

The wages of a flawed policy

End 2016 the Economic Coordination Committee of the Cabinet, at the time led by Federal Finance Minister Ishaq Dar, decided to allow export of sugar surplus subject to the domestic price of the commodity not rising as a consequence. Additionally, any diff
Published 28 Sep, 2017 12:00am
The Weather

The Weather

The weather report on Wednesday (September 27, 2017) and the forecast for Thursday (September 28, 2017).

Published 28 Sep, 2017 12:00am
The challenge of enforced disappearances

The challenge of enforced disappearances

The meeting on September 25, 2017 of the Senate Functional Committee on Human Rights proved an occasion for the expression of exasperation and serious concerns about the continuing, and rising, incidence of enforced disappearances (EDs). First and foremos
Published 28 Sep, 2017 12:00am
One martyred, four injured in Indian firing

One martyred, four injured in Indian firing

Indian troops violated the ceasefire along the Line of Control (LoC) yet again on Wednesday, killing a civilian and injuring four others in heavy shelling on villages in Nakyal sector in the southern Kotli district. According to a statement by Army's medi
Published 28 Sep, 2017 12:00am
Imported products PFA formulates law by taking FBR on board

Imported products PFA formulates law by taking FBR on board

Punjab Food Authority has formulated law for imported products by taking Federal Bureau of Revenue (FBR) on board. This initiative is taken after confiscating expired imported products from several renowned stores. According to new law, PFA has imposed ba
Published 28 Sep, 2017 12:00am
NBP, WB strategize to boost housing finance sector in Pakistan

NBP, WB strategize to boost housing finance sector in Pakistan

A World Bank delegation called on the President/CEO National Bank of Pakistan, Saeed Ahmad. The World Bank team was led by Korotoumou Ouattara (Senior Financial Sector Economist), Adrey Milyutin (Senior Housing Finance Specialist), Nouma Dione (Financial
Published 28 Sep, 2017 12:00am
NBP, WB strategize to boost housing finance sector in Pakistan

NBP, WB strategize to boost housing finance sector in Pakistan

A World Bank delegation called on the President/CEO National Bank of Pakistan, Saeed Ahmad. The World Bank team was led by Korotoumou Ouattara (Senior Financial Sector Economist), Adrey Milyutin (Senior Housing Finance Specialist), Nouma Dione (Financial
Published 28 Sep, 2017 12:00am
Jovago welcomes PC & Marriott Hotels onboard

Jovago welcomes PC & Marriott Hotels onboard

Jovago.pk, Pakistan's first hotel booking website on the occasion of "World Tourism Day", celebrated every year on September 27 globally, brings exciting announcement for its travelers.
Published 28 Sep, 2017 12:00am
Saylani Welfare, Aman Health enter into partnership

Saylani Welfare, Aman Health enter into partnership

Two development sector organizations of Pakistan, Saylani Welfare International Trust and Aman Health on Tuesday entered into a partnership for the future expansion of Aman Ghar. Aman Ghar is a project launched by the Aman Foundation with the vision of pr
Published 28 Sep, 2017 12:00am
Jeewa elected ABAD Chairman

Jeewa elected ABAD Chairman

A leading builder Arif Yousuf Jeewa was elected Chairman of the Association of Builders and Developers of Pakistan (ABAD) unanimously for the term of 2017-2018 here on Wednesday, while Fayyaz Ilyas, Sohail Warind and Altaf Tai were also elected as Senior
Published 28 Sep, 2017 12:00am
NAB files reference against 10 accused

NAB files reference against 10 accused

National Accountability Bureau (NAB), Karachi on Wednesday filed a reference in accountability court against 10 accused persons over the misuse of authority and corruption by misappropriation of urea fertilizer imported by government through Trading Corpo
Published 28 Sep, 2017 12:00am
Fatima Fertilizer holds 'Dhan Seminar'

Fatima Fertilizer holds 'Dhan Seminar'

Fatima Fertilizer in association with Government of Punjab and Rice Research Institute Kala Shah Kaku organized 'Dhaan Seminar' in Gujranwala. The seminar brought together more than 3,000 farmers. Chief guests included Secretary Agriculture, DG Agricultur
Published 28 Sep, 2017 12:00am
Pakistan supports peace process between Afghan government, insurgents

Pakistan supports peace process between Afghan government, insurgents

At the UN, Pakistan on Tuesday called for support to a peace process between the Afghan government and the Afghan insurgency that can bring the war to a political end. Speaking in the Security Council debate on Afghanistan, Pakistan's Ambassador to the UN
Published 28 Sep, 2017 12:00am
PAF, PLAAF joint exercise Shaheen-VI concludes in China

PAF, PLAAF joint exercise Shaheen-VI concludes in China

A Pak-China joint air exercise titled 'Shaheen-VI' successfully concluded at China's Korla air base on Wednesday. Contingents from both sides participated with modern fighter jets and support elements in the Shaheen-VI exercise, which continued for three
Published 28 Sep, 2017 12:00am