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May 12, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-10-03
US body clock geneticists take 2017 Nobel Medicine Prize

US body clock geneticists take 2017 Nobel Medicine Prize

US geneticists Jeffrey C. Hall, Michael Rosbash and Michael W. Young were awarded the Nobel Medicine Prize on Monday for shedding light on the biological clock that governs the sleep-wake cycles of most living things. The team's work revealed the role of
Published 03 Oct, 2017 12:00am
Bill 'favouring' Nawaz passed by NA

Bill 'favouring' Nawaz passed by NA

Amid a strong protest by the opposition in the National Assembly, the house passed the 'Election Bill 2017,' paving way for former Prime Minister Nawaz Sharif to regain chairmanship of Pakistan Muslim League-Nawaz (PML-N). The National Assembly also passe
Published 03 Oct, 2017 12:00am
Bill 'favouring' Nawaz passed by NA

Bill 'favouring' Nawaz passed by NA

Amid a strong protest by the opposition in the National Assembly, the house passed the 'Election Bill 2017,' paving way for former Prime Minister Nawaz Sharif to regain chairmanship of Pakistan Muslim League-Nawaz (PML-N). The National Assembly also passe
Published 03 Oct, 2017 12:00am
President signs bill into law

President signs bill into law

President Mamnoon Hussain on Monday night ratified "The Election Bill 2017" which was earlier passed by the Senate and the National Assembly. After the ratification by the President now the bill has become an effective law paving the way to even a disqual
Published 03 Oct, 2017 12:00am
President signs bill into law

President signs bill into law

President Mamnoon Hussain on Monday night ratified "The Election Bill 2017" which was earlier passed by the Senate and the National Assembly. After the ratification by the President now the bill has become an effective law paving the way to even a disqual
Published 03 Oct, 2017 12:00am
Non-bailable warrants issued against sons, son-in-law

Non-bailable warrants issued against sons, son-in-law

An Accountability Court on Monday postponed the indictment of former Prime Minister Nawaz Sharif till October 9 in connection with three graft references filed by National Accountability Bureau (NAB) against him and his children and issued non-bailable ar
Published 03 Oct, 2017 12:00am
Non-bailable warrants issued against sons, son-in-law

Non-bailable warrants issued against sons, son-in-law

An Accountability Court on Monday postponed the indictment of former Prime Minister Nawaz Sharif till October 9 in connection with three graft references filed by National Accountability Bureau (NAB) against him and his children and issued non-bailable ar
Published 03 Oct, 2017 12:00am
Interior minister disallowed entry to court

Interior minister disallowed entry to court

Interior Minister Ahsan Iqbal on Monday threatened to resign. Talking to media persons after Rangers barred him, along with some other politicians, from entering the Federal Judicial Complex, Iqbal said he would resign "if the rules are not followed about
Published 03 Oct, 2017 12:00am
Interior minister disallowed entry to court

Interior minister disallowed entry to court

Interior Minister Ahsan Iqbal on Monday threatened to resign. Talking to media persons after Rangers barred him, along with some other politicians, from entering the Federal Judicial Complex, Iqbal said he would resign "if the rules are not followed about
Published 03 Oct, 2017 12:00am
BRIndex100 suffers further pruning
Exchange

BRIndex100 suffers further pruning

A bearish trend continued on Pakistan Stock Exchange due to investor concerns over the prevailing political uncertainty in the country. BRIndex100 lost 46.27 points or 1.0 percent to close at 4,568.29 points Monday. BRIndex100 touched intraday high of 4,6
Published 03 Oct, 2017 12:00am
BRIndex100 suffers further pruning
Exchange

BRIndex100 suffers further pruning

A bearish trend continued on Pakistan Stock Exchange due to investor concerns over the prevailing political uncertainty in the country. BRIndex100 lost 46.27 points or 1.0 percent to close at 4,568.29 points Monday. BRIndex100 touched intraday high of 4,6
Published 03 Oct, 2017 12:00am
BRIndex100 suffers further pruning
Exchange

BRIndex100 suffers further pruning

A bearish trend continued on Pakistan Stock Exchange due to investor concerns over the prevailing political uncertainty in the country. BRIndex100 lost 46.27 points or 1.0 percent to close at 4,568.29 points Monday. BRIndex100 touched intraday high of 4,6
Published 03 Oct, 2017 12:00am
250 items identified: additional RD on the cards
Exchange

250 items identified: additional RD on the cards

Commerce Ministry and Federal Board of Revenue (FBR) have reportedly prepared a list of hundreds of imported items for imposing additional Regulatory Duty (RD) ranging from 5-25 per cent, increase in benchmark import trade prices and non-tariff barriers a
Published 03 Oct, 2017 12:00am
250 items identified: additional RD on the cards
Exchange

250 items identified: additional RD on the cards

Commerce Ministry and Federal Board of Revenue (FBR) have reportedly prepared a list of hundreds of imported items for imposing additional Regulatory Duty (RD) ranging from 5-25 per cent, increase in benchmark import trade prices and non-tariff barriers a
Published 03 Oct, 2017 12:00am
250 items identified: additional RD on the cards
Exchange

250 items identified: additional RD on the cards

Commerce Ministry and Federal Board of Revenue (FBR) have reportedly prepared a list of hundreds of imported items for imposing additional Regulatory Duty (RD) ranging from 5-25 per cent, increase in benchmark import trade prices and non-tariff barriers a
Published 03 Oct, 2017 12:00am
Headline inflation inches up in September YoY

Headline inflation inches up in September YoY

The headline inflation inched up to 3.86 percent in September 2017 over the same month a year before, primarily due to significant increase in the price of perishable food commodities. According to the inflation data released by Pakistan Bureau of Statist
Published 03 Oct, 2017 12:00am
Headline inflation inches up in September YoY

Headline inflation inches up in September YoY

The headline inflation inched up to 3.86 percent in September 2017 over the same month a year before, primarily due to significant increase in the price of perishable food commodities. According to the inflation data released by Pakistan Bureau of Statist
Published 03 Oct, 2017 12:00am
Headline inflation inches up in September YoY

Headline inflation inches up in September YoY

The headline inflation inched up to 3.86 percent in September 2017 over the same month a year before, primarily due to significant increase in the price of perishable food commodities. According to the inflation data released by Pakistan Bureau of Statist
Published 03 Oct, 2017 12:00am
Analysis: lacklustre effort
Currency

Analysis: lacklustre effort

No surprise. No innovation. Status quo continues. The SBP's latest monetary policy provided more space to the 'good' in economy, while the description of challenges was subtle. The need was to build the argument on the two lines mentioned in the first par
Published 03 Oct, 2017 12:00am
Analysis: lacklustre effort
Currency

Analysis: lacklustre effort

No surprise. No innovation. Status quo continues. The SBP's latest monetary policy provided more space to the 'good' in economy, while the description of challenges was subtle. The need was to build the argument on the two lines mentioned in the first par
Published 03 Oct, 2017 12:00am
58 killed at Las Vegas concert shooting

58 killed at Las Vegas concert shooting

At least 58 people were killed and 500 injured when a heavily armed "lone wolf" gunman opened fire from a 32-floor hotel room on an open-air concert on the Las Vegas Strip in the deadliest mass shooting in US history. The Islamic State group claimed the 6
Published 03 Oct, 2017 12:00am
58 killed at Las Vegas concert shooting

58 killed at Las Vegas concert shooting

At least 58 people were killed and 500 injured when a heavily armed "lone wolf" gunman opened fire from a 32-floor hotel room on an open-air concert on the Las Vegas Strip in the deadliest mass shooting in US history. The Islamic State group claimed the 6
Published 03 Oct, 2017 12:00am
Board Meetings
Cotton

Board Meetings

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 03 Oct, 2017 12:00am
Imran lied with nation, says Marriyum

Imran lied with nation, says Marriyum

Minister of State for Information, Broadcasting and National Heritage Marriyum Aurangzeb responding to Imran Khan's rhetoric at a press conference about respect for law and constitution and criticism of the PML(N) government Monday said that how could a p
Published 03 Oct, 2017 12:00am
BOARD MEETINGS
Cotton

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 03 Oct, 2017 12:00am
Two Indian posts destroyed

Two Indian posts destroyed

The Pakistan Army on Monday destroyed two Indian posts after a civilian was martyred by Indian firing along the Line of Control (LoC), said a statement released by the Inter-Services Public Relations (ISPR). The Indian firing also injured four other civil
Published 03 Oct, 2017 12:00am
Two Indian posts destroyed

Two Indian posts destroyed

The Pakistan Army on Monday destroyed two Indian posts after a civilian was martyred by Indian firing along the Line of Control (LoC), said a statement released by the Inter-Services Public Relations (ISPR). The Indian firing also injured four other civil
Published 03 Oct, 2017 12:00am
Rashid accuses Nawaz of meeting Altaf

Rashid accuses Nawaz of meeting Altaf

Former prime minister Nawaz Sharif has recently met MQM's founder Altaf Hussain in London, according to Sheikh Rashid, chief of the Awami Muslim League, Aaj News reported on Monday. In his speech at the floor of National Assembly to protest against the pa
Published 03 Oct, 2017 12:00am
Rashid accuses Nawaz of meeting Altaf

Rashid accuses Nawaz of meeting Altaf

Former prime minister Nawaz Sharif has recently met MQM's founder Altaf Hussain in London, according to Sheikh Rashid, chief of the Awami Muslim League, Aaj News reported on Monday. In his speech at the floor of National Assembly to protest against the pa
Published 03 Oct, 2017 12:00am
Saudi Arabia to launch investment firms for holy cities

Saudi Arabia to launch investment firms for holy cities

Saudi Arabia's Public Investment Fund on Monday announced plans to set up two investment companies to develop infrastructure in Makkah and Madina, Islam's two holiest cities. The state-run PIF announced the creation of Rou'a Al-Haram and Rou'a Al-Madinah
Published 03 Oct, 2017 12:00am
Saudi Arabia to launch investment firms for holy cities

Saudi Arabia to launch investment firms for holy cities

Saudi Arabia's Public Investment Fund on Monday announced plans to set up two investment companies to develop infrastructure in Makkah and Madina, Islam's two holiest cities. The state-run PIF announced the creation of Rou'a Al-Haram and Rou'a Al-Madinah
Published 03 Oct, 2017 12:00am
Informal sector: SECP proposes 'Awami Pension Scheme'
Exchange

Informal sector: SECP proposes 'Awami Pension Scheme'

The Securities and Exchange Commission of Pakistan (SECP) has proposed 'Awami Pension Scheme' for all citizens living in informal sector to contribute up to Rs 20,000 per year by every individual to qualify for the government contribution of 10 percent to
Published 03 Oct, 2017 12:00am
Informal sector: SECP proposes 'Awami Pension Scheme'
Exchange

Informal sector: SECP proposes 'Awami Pension Scheme'

The Securities and Exchange Commission of Pakistan (SECP) has proposed 'Awami Pension Scheme' for all citizens living in informal sector to contribute up to Rs 20,000 per year by every individual to qualify for the government contribution of 10 percent to
Published 03 Oct, 2017 12:00am
Informal sector: SECP proposes ''Awami Pension Scheme''
Exchange

Informal sector: SECP proposes ''Awami Pension Scheme''

The Securities and Exchange Commission of Pakistan (SECP) has proposed ''Awami Pension Scheme'' for all citizens living in informal sector to contribute up to Rs 20,000 per year by every individual to qualify for the government contribution of 10 percent
Published 03 Oct, 2017 12:00am
THE RUPEE: rates slide
Currency

THE RUPEE: rates slide

A falling trend was seen on the money market on Monday as the rupee drifted lower versus the dollar in the process of trading, dealers said. The rupee shed one paisa in terms of the dollar for buying and selling at Rs 105.42 and Rs 105.44 respectively, th
Published 03 Oct, 2017 12:00am
Accountability court proceedings: Dar moves IHC, seeks stay order

Accountability court proceedings: Dar moves IHC, seeks stay order

Federal Finance Minister Muhammad Ishaq Dar Monday moved Islamabad High Court's jurisdiction, seeking stay order against the proceedings of Accountability Court which indicted him for possessing assets beyond known sources of income.
Published 03 Oct, 2017 12:00am
THE RUPEE: rates slide
Currency

THE RUPEE: rates slide

A falling trend was seen on the money market on Monday as the rupee drifted lower versus the dollar in the process of trading, dealers said. The rupee shed one paisa in terms of the dollar for buying and selling at Rs 105.42 and Rs 105.44 respectively, th
Published 03 Oct, 2017 12:00am
Accountability court proceedings: Dar moves IHC, seeks stay order

Accountability court proceedings: Dar moves IHC, seeks stay order

Federal Finance Minister Muhammad Ishaq Dar Monday moved Islamabad High Court's jurisdiction, seeking stay order against the proceedings of Accountability Court which indicted him for possessing assets beyond known sources of income.
Published 03 Oct, 2017 12:00am
Pakistan, Afghanistan agree on framework
Exchange

Pakistan, Afghanistan agree on framework

Chief of Army Staff (CoAS), General Qamar Javed Bajwa has held one-on-one meeting with Afghan President Ashraf Ghani at Presidential Palace, Kabul. According to an Inter-Services Public Relations (ISPR) statement issued here on Monday, the meeting was fol
Published 03 Oct, 2017 12:00am
Pakistan, Afghanistan agree on framework
Exchange

Pakistan, Afghanistan agree on framework

Chief of Army Staff (CoAS), General Qamar Javed Bajwa has held one-on-one meeting with Afghan President Ashraf Ghani at Presidential Palace, Kabul. According to an Inter-Services Public Relations (ISPR) statement issued here on Monday, the meeting was fol
Published 03 Oct, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (October 02, 2017).

Published 03 Oct, 2017 12:00am
PML-N amends its Constitution

PML-N amends its Constitution

The ruling Pakistan Muslim League-Nawaz (PML-N) Monday amended party's constitution, allowing the deposed Prime Minister Nawaz Sharif to head the party again, following his disqualification by the Supreme Court in its July 28 Panama Papers case verdict.
Published 03 Oct, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (October 02, 2017).

Published 03 Oct, 2017 12:00am
PML-N amends its Constitution

PML-N amends its Constitution

The ruling Pakistan Muslim League-Nawaz (PML-N) Monday amended party's constitution, allowing the deposed Prime Minister Nawaz Sharif to head the party again, following his disqualification by the Supreme Court in its July 28 Panama Papers case verdict.
Published 03 Oct, 2017 12:00am
KP offers incentives to attract investment in oil & gas sector

KP offers incentives to attract investment in oil & gas sector

The provincial government of Khyber Pakhtunkhwa is offering attractive incentives to woo local and foreign investors for investment in the oil and gas sector of the province. Khyber Pakhtunkhwa is producing crude oil to the tune of 53,322 barrels per day
Published 03 Oct, 2017 12:00am
NHA to generate Rs 24.8 billion revenue in 2017-2018

NHA to generate Rs 24.8 billion revenue in 2017-2018

The National Highways Authority (NHA) has projected to generate revenue of Rs 24.8 billion in 2017-18 while recommending annual maintenance plan (AMP 2017-18) amounting to Rs 27.263 billion, it is learnt. The Executive Board of the NHA approved the AMP 20
Published 03 Oct, 2017 12:00am
We didn't requisition Rangers: ICT

We didn't requisition Rangers: ICT

The Islamabad Capital Territory (ICT) administration on Monday claimed that it didn't requisition the Rangers for deployment at Federal Judicial Complex on the occasion of former Prime Minister Nawaz Sharif's appearance before the Accountability Court.
Published 03 Oct, 2017 12:00am
Seven held on power theft charges in Mardan

Seven held on power theft charges in Mardan

Peshawar Electric Supply Company (Pesco) in collaboration with police on Monday arrested seven power pilferers in different areas of City-2 Mardan and Toru sub divisions and registered FIRs against them. The PESCO teams and Police jointly checked various
Published 03 Oct, 2017 12:00am
Yakoob elected president of Lasbela CCI

Yakoob elected president of Lasbela CCI

Yakoob H Karim, Arshad Islam and Yasir Shafi have been elected unopposed as president, senior vice president and vice President, respectably, of Lasbela Chamber of Commerce & Industry for the year 2017-18. Earlier, Yakoob H. Karim , Yasir Shafi, Maqsood I
Published 03 Oct, 2017 12:00am
CPEC: Chinese firms urged to buy local steel, not import it from China

CPEC: Chinese firms urged to buy local steel, not import it from China

President of Pakistan Businessmen and Intellectuals Forum (PBIF) Mian Zahid Hussain has said that the Chinese firms involved in the CPEC projects should prefer buying steel from the Pakistan's local market and avoid importing it from China because it will
Published 03 Oct, 2017 12:00am
Collection of government taxes: SBP, FBR and 1-Link enter deal

Collection of government taxes: SBP, FBR and 1-Link enter deal

In order to facilitate the taxpayers and timely collection of taxes, the State Bank of Pakistan (SBP), the Federal Board of Revenue (FBR) and 1-Link have signed an agreement to develop a mechanism enabling public to pay FBR taxes and customs duty using in
Published 03 Oct, 2017 12:00am
'Modern central lab to be established in Lahore'

'Modern central lab to be established in Lahore'

Secretary Specialized Healthcare and Medical Education, Najam Ahmed Shah has said that a state-of-the-art central lab would be established in Lahore for which services of international institutions would be hired and for this purpose international tenders
Published 03 Oct, 2017 12:00am
Large quantity of heroin recovered from Nigerian passenger

Large quantity of heroin recovered from Nigerian passenger

Model Customs Collectorate (MCC), Preventive on Monday claimed to have recovered substantial quantity of heroin from Nigerian passenger and foiled an attempt to smuggle jewellery in separate incidents at Jinnah International Airport (JIAP). According to d
Published 03 Oct, 2017 12:00am
Futures spread up by 147bps

Futures spread up by 147bps

The futures spread increased by 147bps to 5.71 percent on the last day of the trading week Friday. Trading activity on the futures counter improved as average daily volumes increased by 141.0 percent to 101.39 million shares. Average daily trading value o
Published 03 Oct, 2017 12:00am
KP IGP thanks people for peaceful observance of Muharram

KP IGP thanks people for peaceful observance of Muharram

The Inspector General of Police, Khyber Pakhtunkhwa (IGP) Salahuddin Khan Mehsood has thanked every segment of the society for their help and coordination which led to peaceful observance of Muharram in the province. In a statement issued from the CPO her
Published 03 Oct, 2017 12:00am
Jamaat try to make country corruption-free: Siraj-ul-Haq

Jamaat try to make country corruption-free: Siraj-ul-Haq

Jamaat-e-Islami (JI) chief Siraj ul Haq on Monday said that the party's struggle to make the country a corruption-free state and would continue until the goal is achieved. Addressing a public gathering in the border town of Drosh, some 45-kilometres from
Published 03 Oct, 2017 12:00am
KKF money laundering case: FIA registers case against Altaf

KKF money laundering case: FIA registers case against Altaf

Federal Investigative Agency on Monday registered a case against Muttahida Qaumi Movement (MQM) founder on charges of money laundering. According to reports, the case has been filed at the department's state bank circle by former MQM member Sarfraz Mercha
Published 03 Oct, 2017 12:00am
Youm-e-Ashur ends peacefully amid tight security in KP, Fata

Youm-e-Ashur ends peacefully amid tight security in KP, Fata

Youm-e-Ashur, the tenth of Muharram, was observed across the Khyber Pakhtunkhwa and Federally Administered Tribal Areas (Fata) with due solemnity to pay homage to supreme sacrifices rendered by Hazrat Imam Hussain (RA) and his companions in Karbala.
Published 03 Oct, 2017 12:00am
RCCI to approach FBR for speedy resolution of tax disputes

RCCI to approach FBR for speedy resolution of tax disputes

Rawalpindi Chamber of Commerce and Industry (RCCI) has decided to approach the Federal Board of Revenue (FBR) for speedy resolution of tax disputes between the tax department and taxpayers falling within the jurisdiction of Rawalpindi to improve tax compl
Published 03 Oct, 2017 12:00am
Peaceful Ashura observed in Karachi

Peaceful Ashura observed in Karachi

Tens of thousands of devotees on Sunday thronged the MA Jinnah Road to participate in the Ashura mourning procession to commemorate the martyrdoms of Hazrat Imam Hussain and his loyal companions who rendered matchless sacrifices at the Karbala for the gre
Published 03 Oct, 2017 12:00am
Hafiz Saeed to sue Khawaja Asif after claim he drank White House wine

Hafiz Saeed to sue Khawaja Asif after claim he drank White House wine

Hafiz Saeed has threatened to sue foreign minister for suggesting he drank wine at the White House. Hafiz Saeed, designated a global terrorist by the US and who has a $10 million bounty on his head, accused foreign minister Khawaja Asif of "slander" accor
Published 03 Oct, 2017 12:00am
Ufone, Samsung launch handset bundle offer

Ufone, Samsung launch handset bundle offer

Ufone and Samsung have partnered to launch an exciting handset bundle offer for Samsung mid-range Smartphones for consumers. The latest bundle offer includes two Samsung Android Smartphones, the Galaxy J1 Mini Prime and the J1 Ace. Ufone is offering a fre
Published 03 Oct, 2017 12:00am
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