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Dec 05, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-10-25
Cocoa extends losses, sugar jumps

Cocoa extends losses, sugar jumps

Cocoa futures on ICE fell on Tuesday, as prices extended their correction lower, dropping for the third straight session following last week's grind data while the New York market felt additional pressure from the weak British pound. Sugar prices rallied
Published 25 Oct, 2017 12:00am
Gold plunges in New York

Gold plunges in New York

Gold prices touched an over two-week low on Monday before paring losses as chart signals helped offset pressure from a stronger dollar and an early advance in equities. Spot gold was down 0.01 percent at $1,280.43 per ounce by 2:53 pm EDT (1853 GMT), pari
Published 25 Oct, 2017 12:00am
Gold down in Asia
Currency

Gold down in Asia

Gold traded sideways on Tuesday, with investors bracing for the possibility of an early announcement on the next US Federal Reserve chair. Spot gold slipped 0.1 percent to $1,280.80 an ounce by 0700 GMT, after hitting its lowest since October 6 at $1,271.
Published 25 Oct, 2017 12:00am
Gold slips in Europe

Gold slips in Europe

Gold prices dipped on Tuesday as investors nervously awaited news on the next head of the US central bank, while strong share markets and a calmer geopolitical environment sapped safe-haven demand. "The hawkish speculation about a new Fed chair has added
Published 25 Oct, 2017 12:00am
US MIDDAY: soyabeans fall

US MIDDAY: soyabeans fall

US soyabean futures eased on Tuesday after a US government report showed that farmers had increased their pace of harvesting what is expected to be a massive crop after a slow start, analysts said.Corn and wheat futures were close to unchanged, with the s
Published 25 Oct, 2017 12:00am
US MIDDAY: gold prices dip

US MIDDAY: gold prices dip

Gold prices dipped on Tuesday as investors anxiously awaited news on the next head of the US Federal Reserve, while strong share markets and a calmer geopolitical environment sapped safe-haven demand. "People are going into the equity markets and taking o
Published 25 Oct, 2017 12:00am
Taxpayer outreach programme: PARCO, OICCI extend support to FBR

Taxpayer outreach programme: PARCO, OICCI extend support to FBR

Federal Board of Revenue (FBR) has further widened the scope of its ongoing taxpayer outreach programme by reaching out to the management of PARCO and members and office-bearers of OICCI with a view to creating awareness regarding discharging tax obligati
Published 25 Oct, 2017 12:00am
Pakistan heading towards complete eradication of polio: PM

Pakistan heading towards complete eradication of polio: PM

Prime Minister Shahid Khaqan Abbasi Tuesday said after almost three decades of investments, efforts and sacrifices Pakistan was at the closest point to interrupting poliovirus transmission and was heading towards finally eradicating it. In a message on th
Published 25 Oct, 2017 12:00am
Bestway Cement Limited (BWCL)

Bestway Cement Limited (BWCL)

Brief history Bestway Cement Limited (PSX: BWCL) is a subsidiary of Bestway Holdings incorporated in the UK. Bestway Group which was founded by Sir Mohammed Anwar Pervez during the early 80s. Currently, the is a market leader in terms of capacity w
Published 25 Oct, 2017 12:00am
Bestway Cement Limited (BWCL)

Bestway Cement Limited (BWCL)

Brief history Bestway Cement Limited (PSX: BWCL) is a subsidiary of Bestway Holdings incorporated in the UK. Bestway Group which was founded by Sir Mohammed Anwar Pervez during the early 80s. Currently, the is a market leader in terms of capacity w
Published 25 Oct, 2017 12:00am
Peshawar NA-4 by-poll tomorrow

Peshawar NA-4 by-poll tomorrow

The Election Commission of Pakistan is ready to hold by-election in NA-4, Peshawar-IV, and the polling will be held on Thursday (tomorrow). In light of the upcoming by-election, the constituency's roads and intersections are full of posters, panaflex bann
Published 25 Oct, 2017 12:00am
PM pledges cooperation on maritime issues of global concern

PM pledges cooperation on maritime issues of global concern

Prime Minister Shahid Khaqan Abbasi Tuesday said Pakistan remained fully committed to maintain good order at sea and was always ready to cooperate on maritime issues of global concern. Addressing at the inaugural session of 13th meeting of Head of Coast G
Published 25 Oct, 2017 12:00am
12th LPG trade summit concludes

12th LPG trade summit concludes

Chairman of All Pakistan LPG Distributors Association, Irfan Khokhar has proposed the world's LPG industry players to form an international group of experts to share experiences and expertise for safety in the LPG industry to avoid incidents. A two-day 12
Published 25 Oct, 2017 12:00am
NA panel okays 'Rulers of Acceding States' bill

NA panel okays 'Rulers of Acceding States' bill

The National Assembly Standing Committee on States and Frontier Regions (Safron) passed 'The Rulers of Acceding States (Abolition of Privy Purses and Privileges) (Amendment) Bill, 2017' unanimously after re-consideration. A meeting of the National Assembl
Published 25 Oct, 2017 12:00am
POF seminar highlights importance of health, safety

POF seminar highlights importance of health, safety

A seminar on health, safety and environment was organized on the start of 'Safety Week' in POF under the auspices of health, safety and environment (HSE) department of POF this morning. Speakers highlighted the importance of health, safety and environment
Published 25 Oct, 2017 12:00am
PO held at BB Airport

PO held at BB Airport

The Federal Investigation Agency (FIA) apprehended a proclaimed offender at Benazir Bhutto airport here on Tuesday. According to details, the personnel of FIA Immigration department have detained a suspect Abdulrehman, resident of Swat who arrived at Bena
Published 25 Oct, 2017 12:00am
Health centres in Peshawar shifted on solar energy

Health centres in Peshawar shifted on solar energy

The district government here on Tuesday successfully put into practice solar system energy provision at health facilities for continuous functioning of the vital facilities including X-rays plants, operation theatres, dental units and other equipment. Ini
Published 25 Oct, 2017 12:00am
Health centres in Peshawar shifted on solar energy

Health centres in Peshawar shifted on solar energy

The district government here on Tuesday successfully put into practice solar system energy provision at health facilities for continuous functioning of the vital facilities including X-rays plants, operation theatres, dental units and other equipment. Ini
Published 25 Oct, 2017 12:00am
Senate chairman takes umbrage at Tillerson's statement

Senate chairman takes umbrage at Tillerson's statement

Chairman Senate Raza Rabbani on Tuesday said that US Secretary of State Rex Tillerson's statement that US relationship with Pakistan will be condition-based is not acceptable to us. In a statement in Kabul ahead of his visit to Pakistan, Tillerson said th
Published 25 Oct, 2017 12:00am
Train fares from Lahore to Peshawar reduced

Train fares from Lahore to Peshawar reduced

Pakistan Railways (PR) has announced reduction fare of Jaffar Express, Khyber Express, and Awami Express from Lahore to Peshawar which would be implemented from November, 1, 2017. According to the announcement, Air-conditioned (AC) class fare of Khyber Ma
Published 25 Oct, 2017 12:00am
Speakers call for 'education emergency' in country

Speakers call for 'education emergency' in country

The number of out-of-school children is alarming in Pakistan. Some 22.6 million students have no access to schooling as the governmental policies are not addressing the issue seriously jeopardizing their future. There is a dire need to impose education em
Published 25 Oct, 2017 12:00am
Pakistani goods: US urged to provide direct access to markets

Pakistani goods: US urged to provide direct access to markets

Founder Chairman Pak-US Business Council Iftikhar Ali Malik Tuesday demanded of the American administration to provide the Pakistani goods direct access to the US markets at zero rate instead of aid. Malik in a statement said that the US must support Paki
Published 25 Oct, 2017 12:00am
Biomass power plants' policy expected next month
Exchange

Biomass power plants' policy expected next month

The Central Power Purchasing Agency (CPPA) is likely to announce policy for biomass power plants in the first week of November, said reliable sources. The sources said the decision of allowing high pressure technology for biomass-based power plants is pen
Published 25 Oct, 2017 12:00am
NAB arrests nine Custom officials, others

NAB arrests nine Custom officials, others

The National Accountability Bureau (NAB) Lahore arrested on Tuesday nine custom officials, clearing agents and betel leaf importers. According to details, the NAB received a complaint from a whistle blower regarding mega embezzlement in custom duty. It wa
Published 25 Oct, 2017 12:00am
Two bills presented in Punjab Assembly

Two bills presented in Punjab Assembly

The Sikh Marriage Bill 2017 and Punjab Regulation of Public Infrastructure Bill 2017 were presented in the Punjab Assembly on Tuesday. The Punjab Assembly passed resolutions for proper legislation of annual medical check-up of both girls and boys studying
Published 25 Oct, 2017 12:00am
ACCA signs MoU with Pakistan Business Council

ACCA signs MoU with Pakistan Business Council

ACCA (the Association of Chartered Certified Accountants) signed a Memorandum of Understanding (MoU) with the management of Pakistan Business Council (PBC). The MoU revolves around ACCA and PBC's mutual agenda of supporting the development of businesses t
Published 25 Oct, 2017 12:00am
LDA urged not to shift industries from Kahna Kacha Industrial Estate

LDA urged not to shift industries from Kahna Kacha Industrial Estate

The Lahore Development Authority (LDA) should fulfill its commitment and avoid shifting industries from Kahna Kacha Industrial Estate until and unless alternate place is provided to the affected industries. The call was given at a meeting between LCCI Pre
Published 25 Oct, 2017 12:00am
Afghan envoy calls on Siraj

Afghan envoy calls on Siraj

The Afghan Ambassador Dr Umer Zakhelwal called on the Ameer, Jamaat-e-Islami, Pakistan, Senator Sirajul Haq, at his residence in the federal capital and discussed with him the regional situation and the relations between the two neighbouring countries.
Published 25 Oct, 2017 12:00am
PDWP approves three welfare schemes

PDWP approves three welfare schemes

The Punjab Provincial Development Working Party (PDWP) approved three welfare schemes with an estimated cost of Rs 32.166 million in its 25th meeting of current fiscal year 2017-18 presided over by Chairman P&D Muhammad Jahanzeb Khan. Secretary P&D Iftikh
Published 25 Oct, 2017 12:00am
NA body approves amendment in NEPRA Act

NA body approves amendment in NEPRA Act

The National Assembly Committee on Power has approved amendment in the NEPRA Act stipulating three-year imprisonment for charging over-billing and wrong billing by the DISCO officials from electricity consumers. Federal Minister for Power Division Sardar
Published 25 Oct, 2017 12:00am
Pak-Tunisia ministerial moot may finalize PTA: Alarbi
Cotton

Pak-Tunisia ministerial moot may finalize PTA: Alarbi

Ninth Pakistan-Tunisia Ministerial Conference will be held in Tunisia, during which Preferential Trade Agreement (PTA) is expected to be inked, disclosed Adel Al- Alarbi Ambassador of the Republic of Tunisia. Addressing the members of the Faisalabad Chamb
Published 25 Oct, 2017 12:00am
Registration for valuers to be made mandatory
Exchange

Registration for valuers to be made mandatory

The Securities and Exchange Commission of Pakistan (SECP) will make it mandatory for the valuers (companies) rendering services for valuation of physical assets, immoveable property, intangible assets/securities, financial assets/liabilities, etc, to obta
Published 25 Oct, 2017 12:00am
Power ministry moves ECC to seek release of refunds

Power ministry moves ECC to seek release of refunds

Ministry of Power has approached Economic Coordination Committee (ECC) of the Cabinet for release of billions of rupees of refunds stuck with Federal Board of Revenue (FBR) due to which Discos are facing cash flow issues, well informed sources told Bus
Published 25 Oct, 2017 12:00am
Senate adopts Public Interest Disclosure bill

Senate adopts Public Interest Disclosure bill

The Senate on Thursday unanimously passed 'The Public Interest Disclosure Bill 2017' to ensure protection to whistle blowers who disclose any information in public interest. The bill, which has already been passed by the National Assembly, was presented i
Published 25 Oct, 2017 12:00am
Zahid Muzaffar elected OGDCL chairman

Zahid Muzaffar elected OGDCL chairman

Eleven directors have been elected on the OGDCL Board for the period of three years during the 20th Annual General Meeting of shareholders held on Tuesday. Zahid Muzaffar was unanimously elected as the Chairman. Company's Annual Accounts for the year 2016
Published 25 Oct, 2017 12:00am
July-September period: $458 million loan procured from foreign banks

July-September period: $458 million loan procured from foreign banks

The country procured $458 million commercial loans from foreign banks in the first quarter (July-September) of the current fiscal year - 46 percent of the $ 1 billion it had budgeted for the entire year. Total external assistance for July-September 2017 a
Published 25 Oct, 2017 12:00am
Quality assurance board to be set up
Exchange

Quality assurance board to be set up

The Securities and Exchange Commission of Pakistan (SECP) will constitute a Quality Assurance Board (QAB) comprising members from Commission; State Bank of Pakistan (SBP) and professional valuers to develop valuation standards for valuation profession in
Published 25 Oct, 2017 12:00am
Fatima Fertilizer Company PAT increases to Rs 6.674 billion

Fatima Fertilizer Company PAT increases to Rs 6.674 billion

The profit after tax of Fatima Fertilizer Company has increased to Rs 6.674 billion in the nine-month period ended September 30, 2017 as compared to Rs 6.370 billion earned in the corresponding period in 2016. The board of directors of the company in its
Published 25 Oct, 2017 12:00am
Fatima Fertilizer Company PAT increases to Rs 6.674 billion

Fatima Fertilizer Company PAT increases to Rs 6.674 billion

The profit after tax of Fatima Fertilizer Company has increased to Rs 6.674 billion in the nine-month period ended September 30, 2017 as compared to Rs 6.370 billion earned in the corresponding period in 2016. The board of directors of the company in its
Published 25 Oct, 2017 12:00am
Pakistan Bait-ul-Maal chief visits OSF

Pakistan Bait-ul-Maal chief visits OSF

Barrister Abid Waheed Shaikh, managing director of Pakistan Bait-ul-Maal and the regional director (Sindh) Dr. Adnan Majeed Khan visited Omair Sana Foundation and participated in the birthday cake-cutting ceremony of Thalassaemia children. The MD Bait-ul-
Published 25 Oct, 2017 12:00am
PSP chief opposes ban on high-rise buildings

PSP chief opposes ban on high-rise buildings

Mustafa Kamal, chairman Pak Sarzameen Party on Tuesday requested the Supreme Court of Pakistan to revisit the decision regarding ban on the construction of high-rise buildings as the Karachi Water and Sewerage Board (KW&SB) has totally misguided the water
Published 25 Oct, 2017 12:00am
Minister concerned at delay in setting up CETPs

Minister concerned at delay in setting up CETPs

Sindh's minister for environment and climate change has given assurances to industrialists of his full cooperation with regard to notices issued by the Sindh Environment Protection Agency (SEPA). Muhammad Ali Malkani, who also holds the portfolio of coast
Published 25 Oct, 2017 12:00am
Dr Ziauddin Hospital marks 'World Stroke Day'

Dr Ziauddin Hospital marks 'World Stroke Day'

Dr Ziauddin Hospital (DZH), in a bid to save people from disability held a seminar to mark 'World Stroke Day' in North Nazimabad campus where the prominent speakers informed how to identify and treat the Stroke Risk Factors. Dr Aijaz Fatima, Founder of Dr
Published 25 Oct, 2017 12:00am
FPCCI seeks business community's input on RD

FPCCI seeks business community's input on RD

The president of the Federation of Pakistan Chambers of Commerce and Industry, Zubair F. Tufail, has asked the business community to give its inputs and suggestions regarding the regulatory duty imposed on 731 items by the government. The FPCCI has set up
Published 25 Oct, 2017 12:00am
Engro Fertilizers' PAT increases to Rs 6.695 billion

Engro Fertilizers' PAT increases to Rs 6.695 billion

The profit after tax of Engro Fertilizers has increased to Rs 6.695 billion in the nine month period ended Sep 30, 2017 as compared to Rs 2.987 billion earned in the corresponding period in 2016. The company's earning per share (basic) increased to Rs 5.0
Published 25 Oct, 2017 12:00am
Engro Fertilizers' PAT increases to Rs 6.695 billion

Engro Fertilizers' PAT increases to Rs 6.695 billion

The profit after tax of Engro Fertilizers has increased to Rs 6.695 billion in the nine month period ended Sep 30, 2017 as compared to Rs 2.987 billion earned in the corresponding period in 2016. The company's earning per share (basic) increased to Rs 5.0
Published 25 Oct, 2017 12:00am
'Pakistan must invest in naphtha cracker complex for growth'

'Pakistan must invest in naphtha cracker complex for growth'

Engro Polymer & Chemicals, a subsidiary of country's leading conglomerate Engro Corporation, highlighted the need to build Pakistan's first naphtha cracker to provide much-needed growth in the petrochemicals industry.
Published 25 Oct, 2017 12:00am
'Infrastructure uplift must not hurt Karachi heritage'

'Infrastructure uplift must not hurt Karachi heritage'

Experts at the inaugural session of a conference on "Preserving Karachi's Heritage Challenges and Opportunities," stressed on Tuesday that infrastructure uplift should not hurt the city's heritage. They proposed to the architects to design new constructio
Published 25 Oct, 2017 12:00am
PAT of Pak Suzuki Motor Company increases to Rs 3.096 billion

PAT of Pak Suzuki Motor Company increases to Rs 3.096 billion

The profit after tax (PAT) of Pak Suzuki Motor Company has increased to Rs 3.096 billion in the nine-month period ended September 30, 2017 as compared to Rs 1.873 billion earned in the corresponding period in 2016. The board of directors of the company in
Published 25 Oct, 2017 12:00am
PAT of Pak Suzuki Motor Company increases to Rs 3.096 billion

PAT of Pak Suzuki Motor Company increases to Rs 3.096 billion

The profit after tax (PAT) of Pak Suzuki Motor Company has increased to Rs 3.096 billion in the nine-month period ended September 30, 2017 as compared to Rs 1.873 billion earned in the corresponding period in 2016. The board of directors of the company in
Published 25 Oct, 2017 12:00am
Governor highlights importance of digital economy
Exchange

Governor highlights importance of digital economy

"The Future Summit - Leadership in the Digital Economy" began on Tuesday with leaders, innovators and future thinkers presenting their ideas and business strategies. The two-day summit has been arranged by Nutshell Conferences and Corporate Pakistan Group
Published 25 Oct, 2017 12:00am
AJ&K, GB: NA body recommends 3G, 4G services rights for SCO

AJ&K, GB: NA body recommends 3G, 4G services rights for SCO

A parliamentary panel on Tuesday recommended for giving rights to Special Communication Organization (SCO) for launching 3G/4G services in Azad Jammu and Kashmir (AJ&K) and Gilgit-Baltistan (GB) as per the law. SCO has updated the system by installing all
Published 25 Oct, 2017 12:00am
Meezan Bank gets third position as 'Employer of the Year' by EFP

Meezan Bank gets third position as 'Employer of the Year' by EFP

Meezan Bank, Pakistan's first and largest Islamic bank, has secured 3rd position as "Employer of the Year" in the category of "Large National Companies" by Employers' Federation of Pakistan (EFP) - Pakistan's largest forum for employers. Khalid Zaman Khan
Published 25 Oct, 2017 12:00am
PAT of Nestle Pakistan increases to Rs 11.331 billion

PAT of Nestle Pakistan increases to Rs 11.331 billion

The profit after tax of Nestle Pakistan Limited has increased to Rs 11.331 billion in the nine month period ended September 30, 2017 as compared to Rs 9.816 billion earned in the corresponding period in 2016. The company's earning per share increased to R
Published 25 Oct, 2017 12:00am
PAT of Nestle Pakistan increases to Rs 11.331 billion

PAT of Nestle Pakistan increases to Rs 11.331 billion

The profit after tax of Nestle Pakistan Limited has increased to Rs 11.331 billion in the nine month period ended September 30, 2017 as compared to Rs 9.816 billion earned in the corresponding period in 2016. The company's earning per share increased to R
Published 25 Oct, 2017 12:00am
Sharjeel, others sent on judicial remand till November 4

Sharjeel, others sent on judicial remand till November 4

An accountability court on Tuesday sent former Sindh Information Minister Sharjeel Inam Memon and other accused to jail on judicial remand till November 4, in Rs 5.76 billion corruption case. NAB Sindh produced Memon and other accused before the court und
Published 25 Oct, 2017 12:00am
ISSI, EUC ink MoU to enhance cultural linkages
Exchange

ISSI, EUC ink MoU to enhance cultural linkages

The Institute of Strategic Studies Islamabad (ISSI) and Externado University of Colombia *(EUC) on Tuesday signed Memorandum of Understanding (MoU) to further enhance the cultural linkages between the two countries. The MoU was signed here at the ISSI dur
Published 25 Oct, 2017 12:00am
FIR lodged against 70 QAU students

FIR lodged against 70 QAU students

The city police registered three separate FIRs against 70 students of Quaid-e-Azam University on charges of disturbing academic activities in the university. The city police registered these cases at Secretariat police station under section 148/149,353/18
Published 25 Oct, 2017 12:00am
Government releases Rs 2 billion fertilizer subsidy

Government releases Rs 2 billion fertilizer subsidy

The federal government has released Rs 2 billion fertilizer subsidy to different fertilizer manufacturing companies. According to Fertilizer Manufacturers of Pakistan Advisory Council (FMPAC), the subsidy amounts have been excessively delayed over the pas
Published 25 Oct, 2017 12:00am
APOTA-Petroleum division talks to resume today

APOTA-Petroleum division talks to resume today

The negotiations between Petroleum Division and All Pakistan Oil Tankers Association (APOTA) have been deferred till Wednesday (today) as both the sides refused to budge from their positions regarding implementation of high safety standards set by the Oil
Published 25 Oct, 2017 12:00am
PTI to challenge ECP's decision: Fawad

PTI to challenge ECP's decision: Fawad

Pakistan Tehreek-e-Insaf (PTI) would challenge Election Commission of Pakistan's decision to dismiss Imran Khan's reference and retain National Assembly membership of Ayesha Gulalai. PTI Secretary Information Fawad Chaudhry said this while addressing medi
Published 25 Oct, 2017 12:00am
ECP verdict a severe blow to Article 63-A: PTI leaders

ECP verdict a severe blow to Article 63-A: PTI leaders

Pakistan Tehreek-e-Insaf (PTI) on Tuesday termed Election Commission of Pakistan (ECP) verdict on a reference against disgruntled party MNA Ayesha Gulalai a severe blow to Article 63-A of the constitution. The ECP rejected the PTI reference against Gulala
Published 25 Oct, 2017 12:00am
ECP dismisses reference against Gulalai

ECP dismisses reference against Gulalai

The Election Commission of Pakistan (ECP) on Tuesday dismissed a disqualification reference filed against disgruntled Pakistan Tehreek-e-Insaf (PTI) member and MNA Ayesha Gulalai. The ECP had reserved its judgment in the case on October 17 and announced i
Published 25 Oct, 2017 12:00am
Threat alert at NADRA mega centre

Threat alert at NADRA mega centre

The intelligence agencies have warned of possible terrorist attack generally in the federal capital and particularly at National Database and Registration Authority (NADRA) mega center. A senior official said that NADRA top officials have received alert r
Published 25 Oct, 2017 12:00am
Gulalai's membership: Imran terms ECP's decision 'unconstitutional'

Gulalai's membership: Imran terms ECP's decision 'unconstitutional'

Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan on Tuesday said the Election Commission's verdict aimed at retention of Ayesha Gulalai as Member of National Assembly is unconstitutional. "Our party is studying legal aspects of the case. We shall devise
Published 25 Oct, 2017 12:00am
Establishment of Punjab Saaf Pani, 55 companies challenged

Establishment of Punjab Saaf Pani, 55 companies challenged

A citizen on Tuesday filed a petition in the Lahore High Court challenging establishment of Punjab Saaf Pani Company as well as 55 other public companies for being established allegedly in violation of the Constitution.
Published 25 Oct, 2017 12:00am
NA body approves three bills, defers one

NA body approves three bills, defers one

The National Assembly Standing Committee on Interior on Tuesday approved three important bills and deferred "Islamabad Capital Territory Local Government (Amendment) Act, 2017" for further discussion. The committee which met with MNA Rana Shamim Ahmad Kha
Published 25 Oct, 2017 12:00am
PSX's PAT increases to Rs 79.626 million
Exchange

PSX's PAT increases to Rs 79.626 million

The profit after tax of Pakistan Stock Exchange (PSX) has increased to Rs 79.626 million in the quarter ended Sep 30, 2017 as compared to Rs 32.003 million earned in the corresponding period in 2016. The board of directors of the company in its meeting he
Published 25 Oct, 2017 12:00am
PSX's PAT increases to Rs 79.626 million
Exchange

PSX's PAT increases to Rs 79.626 million

The profit after tax of Pakistan Stock Exchange (PSX) has increased to Rs 79.626 million in the quarter ended Sep 30, 2017 as compared to Rs 32.003 million earned in the corresponding period in 2016. The board of directors of the company in its meeting he
Published 25 Oct, 2017 12:00am
SBP suspends license of moneychanger
Exchange

SBP suspends license of moneychanger

The State Bank of Pakistan has suspended, with immediate effect, the license of M/s Al-Hameed International Money Exchange (Pvt) Limited for the period of three months, ie, from October 24, 2017 to January 24, 2018 on account of violations of the State Ba
Published 25 Oct, 2017 12:00am
APNS concerned at cancellation of declarations

APNS concerned at cancellation of declarations

The APNS has strongly expressed its profound concern on the cancellation of declarations of Daily Sahafat, Islamabad and Daily Dopahr, Islamabad by the District Magistrate, Islamabad and described this arbitrary action as an attack on Freedom of Expressio
Published 25 Oct, 2017 12:00am
Bank AL Habib Ltd declares Rs 10.53 billion pre-tax profit

Bank AL Habib Ltd declares Rs 10.53 billion pre-tax profit

The Board of Directors of Bank AL Habib Limited announced the financial results of the Bank for the nine months period ended 30 September 2017. As per the results, Bank AL Habib Limited continued its growth momentum and declared the pre-tax profit of Rs 1
Published 25 Oct, 2017 12:00am
In response to PSO

In response to PSO

The PSO letter in response to an article dated 16th October 2017 is based on the assumption that the writer does not have access to the entire Qatargas-PSO agreement (not redacted version that continues to be available on the PSO website). This is indeed
Updated 25 Oct, 2017 08:32am
Amazon rivals turn to legal fine print to stem Whole Foods strategy

Amazon rivals turn to legal fine print to stem Whole Foods strategy

Whole Foods Market met a new foe this summer during talks to lease a top retail space in a San Francisco mall: the Target next door. As City Center mall's largest tenant, Target Corp had a say over changes to the property. According to people familiar wit
Published 25 Oct, 2017 12:00am
The Weather

The Weather

The weather report on Tuesday (October 24, 2017) and the forecast for Wednesday (October 25, 2017).

Published 25 Oct, 2017 12:00am
SBP report - the fine print
Exchange

SBP report - the fine print

At the outset a limitation of liability clause: the comments, data and extracts are from the State Bank of Pakistan's (SBP) publication, Annual Report, The State of Pakistan's Economy (the Report). While in certain instances, comments and phrases may have
Published 25 Oct, 2017 12:00am
Super-economies in the neighbourhood
Currency

Super-economies in the neighbourhood

Now that we, as a nation, have finally come to the logical conclusion that a fail-safe security paradigm flows out of a sound economic template it is imperative that we take a very close and deep look at the two super-economies that are emerging so close
Published 25 Oct, 2017 12:00am
The menace of gutka and mainpuri

The menace of gutka and mainpuri

Thanks to the efforts of an NGO, Rights Now -Pakistan, who approached the Sindh High Court to stop unchecked sale of gutka and mainpuri (named after a city in India from where it is mostly smuggled in), a two-member SHC bench declaring these items a healt
Published 25 Oct, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (October 24, 2017).

Published 25 Oct, 2017 12:00am
US dollar versus PKR
Currency

US dollar versus PKR

The State Bank of Pakistan (SBP) has held a couple of meetings with foreign currency dealers and members of the Foreign Exchange Association of Pakistan on the need to weaken the US dollar in the open market and stipulated that the difference in value bet
Published 25 Oct, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (October 24, 2017)

Published 25 Oct, 2017 12:00am
Maltese journalist murder: EU parliament chief wants Europol probe

Maltese journalist murder: EU parliament chief wants Europol probe

European Parliament chief Antonio Tajani on Tuesday demanded an international investigation into the car bomb murder of Maltese journalist and anti-corruption campaigner Daphne Caruana Galizia. The call comes after the family of Caruana Galizia accused Pr
Published 25 Oct, 2017 12:00am
Maltese journalist murder: EU parliament chief wants Europol probe

Maltese journalist murder: EU parliament chief wants Europol probe

European Parliament chief Antonio Tajani on Tuesday demanded an international investigation into the car bomb murder of Maltese journalist and anti-corruption campaigner Daphne Caruana Galizia. The call comes after the family of Caruana Galizia accused Pr
Published 25 Oct, 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 Tuesday (October 24, 2017).

Published 25 Oct, 2017 12:00am
India top court bans dirty fuel to fight Delhi's bad air

India top court bans dirty fuel to fight Delhi's bad air

India's top court Tuesday banned the use of petroleum coke - a cheap but dirty fuel - in New Delhi's neighbouring states, the latest crackdown aimed at improving air quality in one of the most polluted cities in the world. The Supreme Court also ordered a
Published 25 Oct, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (October 24, 2017).

Published 25 Oct, 2017 12:00am
India top court bans dirty fuel to fight Delhi's bad air

India top court bans dirty fuel to fight Delhi's bad air

India's top court Tuesday banned the use of petroleum coke - a cheap but dirty fuel - in New Delhi's neighbouring states, the latest crackdown aimed at improving air quality in one of the most polluted cities in the world. The Supreme Court also ordered a
Published 25 Oct, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (October 24, 2017).

Published 25 Oct, 2017 12:00am
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