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Print - 2017-11-02
SC asks PG Punjab to submit history of blasphemy convict

SC asks PG Punjab to submit history of blasphemy convict

Supreme Court Tuesday asked prosecutor general (PG) Punjab to submit detailed history of the blasphemy convict who was awarded death sentence in 2001. Taking up jail petition of the convict Anwar Kaneht, a two-member bench of Justice Mushir Alam and Justi
Published 02 Nov, 2017 12:00am
Response to 'Election strategy and economy'
Exchange

Response to 'Election strategy and economy'

The article "Election strategy and economy" in Business Recorder on October 23rd highlighted the issues of rise in imports, procuring of over 4 billion dollars from foreign banks at a high rate of return with a very short amortization period, chang
Published 02 Nov, 2017 12:00am
Whither is the Nawaz League bound?

Whither is the Nawaz League bound?

Senior PML-N leaders who had gone to London to convince ousted prime minister Mian Nawaz Sharif to make a strategic retreat seem to have failed in their effort. Considering the rumblings of a rebellion inside the party over his policy of confrontation tow
Updated 02 Nov, 2017 12:41pm
New trade measures are anti-export
Exchange

New trade measures are anti-export

The current account crisis did serve to shake up the Ministry of Commerce enough to announce some measures to try to correct the balance. Unsurprisingly, the Ministry chose the oft-travelled path (control imports) than carve out a more difficult one (give
Published 02 Nov, 2017 12:00am
Grapes withered on the vine

Grapes withered on the vine

In the political history of Pakistan, the post-2013 political scene will always be remembered for the humiliating fall from centre-stage of the founders of two major political parties: Nawaz Sharif, the chief of his own faction of the Pakistan Muslim Leag
Updated 02 Nov, 2017 11:11am
Ease of doing business
Currency

Ease of doing business

According to the World Bank's latest rating on ease of doing business Pakistan's position further declined three places to 147 amongst 190 countries. Based on its recent narrative precedence, the Abbasi administration may contend that this decline can be
Published 02 Nov, 2017 12:00am
India's SC calls for speedy trial of politicians

India's SC calls for speedy trial of politicians

India's top court Wednesday ordered the government to establish special tribunals to fast-track the trials of lawmakers charged with criminal offences, saying it must crack down on lawlessness in politics. The government, which told the Supreme Court it w
Published 02 Nov, 2017 12:00am
India's SC calls for speedy trial of politicians

India's SC calls for speedy trial of politicians

India's top court Wednesday ordered the government to establish special tribunals to fast-track the trials of lawmakers charged with criminal offences, saying it must crack down on lawlessness in politics. The government, which told the Supreme Court it w
Published 02 Nov, 2017 12:00am
October CPI inflation remains at 3.8 percent YoY

October CPI inflation remains at 3.8 percent YoY

Consumer Price Index (CPI) inflation remained at 3.80 percent in October 2017 as opposed to the same month a year before due to increase in the prices of perishable food items, according to Pakistan Bureau of Statistics (PBS).
Published 02 Nov, 2017 12:00am
October CPI inflation remains at 3.8 percent YoY

October CPI inflation remains at 3.8 percent YoY

Consumer Price Index (CPI) inflation remained at 3.80 percent in October 2017 as opposed to the same month a year before due to increase in the prices of perishable food items, according to Pakistan Bureau of Statistics (PBS).
Published 02 Nov, 2017 12:00am
October CPI inflation remains at 3.8 percent YoY

October CPI inflation remains at 3.8 percent YoY

Consumer Price Index (CPI) inflation remained at 3.80 percent in October 2017 as opposed to the same month a year before due to increase in the prices of perishable food items, according to Pakistan Bureau of Statistics (PBS).
Published 02 Nov, 2017 12:00am
Indian power plant explosion kills at least 16

Indian power plant explosion kills at least 16

An explosion at an Indian power plant Wednesday killed at least 16 workers and seriously burned dozens of others, police said. The blast occurred at a coal-fired power plant in Raebareli district of northern Uttar Pradesh state, run by the government-owne
Published 02 Nov, 2017 12:00am
Indian power plant explosion kills at least 16

Indian power plant explosion kills at least 16

An explosion at an Indian power plant Wednesday killed at least 16 workers and seriously burned dozens of others, police said. The blast occurred at a coal-fired power plant in Raebareli district of northern Uttar Pradesh state, run by the government-owne
Published 02 Nov, 2017 12:00am
CIA releases vast Osama archive purportedly seized in compound

CIA releases vast Osama archive purportedly seized in compound

The Central Intelligence Agency on Wednesday released a vast archive of documents and video seized in the 2011 US raid on a Pakistani compound that killed Al-Qaeda leader Osama bin Laden. Researchers from a Washington think tank who had prior access to th
Published 02 Nov, 2017 12:00am
CIA releases vast Osama archive purportedly seized in compound

CIA releases vast Osama archive purportedly seized in compound

The Central Intelligence Agency on Wednesday released a vast archive of documents and video seized in the 2011 US raid on a Pakistani compound that killed Al-Qaeda leader Osama bin Laden. Researchers from a Washington think tank who had prior access to th
Published 02 Nov, 2017 12:00am
London to set Northern Ireland budget as direct rule looms

London to set Northern Ireland budget as direct rule looms

The British government is to impose a budget on Northern Ireland for the first time in a decade, a major step towards imposing direct rule after attempts to form a power-sharing government in Belfast collapsed.
Published 02 Nov, 2017 12:00am
The Weather

The Weather

The weather report on Wednesday (November 01, 2017) and the forecast for Thursday (November 02, 2017).

Published 02 Nov, 2017 12:00am
London to set Northern Ireland budget as direct rule looms

London to set Northern Ireland budget as direct rule looms

The British government is to impose a budget on Northern Ireland for the first time in a decade, a major step towards imposing direct rule after attempts to form a power-sharing government in Belfast collapsed.
Published 02 Nov, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (November 01, 2017).

Published 02 Nov, 2017 12:00am
Disappearance of Baloch woman attracts Senate's anger

Disappearance of Baloch woman attracts Senate's anger

The combined opposition along with Pakhtunkhwa Milli Awami Party (PkMAP) senators - an ally of ruling PML-N - staged a walkout from the Senate in protest against the disappearance of wife and children of a Baloch insurgent Dr Allah Nazar from Balochistan.
Published 02 Nov, 2017 12:00am
Disappearance of Baloch woman attracts Senate's anger

Disappearance of Baloch woman attracts Senate's anger

The combined opposition along with Pakhtunkhwa Milli Awami Party (PkMAP) senators - an ally of ruling PML-N - staged a walkout from the Senate in protest against the disappearance of wife and children of a Baloch insurgent Dr Allah Nazar from Balochistan.
Published 02 Nov, 2017 12:00am
NAB seeks access to Nawaz's flight
Exchange

NAB seeks access to Nawaz's flight

The National Accountability Bureau (NAB) has written a letter to security chief of Benazir Bhutto International Airport, seeking access to flight of ousted Prime Minister Nawaz Sharif who is expected to arrive today (Thursday) from London. Sources said th
Published 02 Nov, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (November 01, 2017).

Published 02 Nov, 2017 12:00am
NAB seeks access to Nawaz's flight
Exchange

NAB seeks access to Nawaz's flight

The National Accountability Bureau (NAB) has written a letter to security chief of Benazir Bhutto International Airport, seeking access to flight of ousted Prime Minister Nawaz Sharif who is expected to arrive today (Thursday) from London. Sources said th
Published 02 Nov, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (November 01, 2017)

Published 02 Nov, 2017 12:00am
Regional situation: Pakistan, Iran hold first-ever informal consultation

Regional situation: Pakistan, Iran hold first-ever informal consultation

Pakistan and Iran held first ever informal consultation on Wednesday on regional situation, especially the efforts of peace and stability in Afghanistan, with emphasis that there is no military solution to Afghan conflict. Foreign Office Spokesperson Nafe
Published 02 Nov, 2017 12:00am
Regional situation: Pakistan, Iran hold first-ever informal consultation

Regional situation: Pakistan, Iran hold first-ever informal consultation

Pakistan and Iran held first ever informal consultation on Wednesday on regional situation, especially the efforts of peace and stability in Afghanistan, with emphasis that there is no military solution to Afghan conflict. Foreign Office Spokesperson Nafe
Published 02 Nov, 2017 12:00am
Ministry asked to evolve mechanism

Ministry asked to evolve mechanism

A parliamentary panel has advised the Ministry of Energy (Power Division) to devise an effective and viable mechanism to deal with circular debt issue which has become a permanent feature of national power distribution system.
Published 02 Nov, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (November 01, 2017).

Published 02 Nov, 2017 12:00am
Ministry asked to evolve mechanism

Ministry asked to evolve mechanism

A parliamentary panel has advised the Ministry of Energy (Power Division) to devise an effective and viable mechanism to deal with circular debt issue which has become a permanent feature of national power distribution system.
Published 02 Nov, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (November 01, 2017).

Published 02 Nov, 2017 12:00am
Ministry asked to evolve mechanism

Ministry asked to evolve mechanism

A parliamentary panel has advised the Ministry of Energy (Power Division) to devise an effective and viable mechanism to deal with circular debt issue which has become a permanent feature of national power distribution system.
Published 02 Nov, 2017 12:00am
Coal-fired power plants invite ire of PAC

Coal-fired power plants invite ire of PAC

The country is facing Rs 216 billion financial loss per annum as a result of poor power distribution network and electricity theft while circular debt has reached Rs 450 billion. This was stated by Chairman Public Accounts Committee of the Parliament Syed
Published 02 Nov, 2017 12:00am
Coal-fired power plants invite ire of PAC

Coal-fired power plants invite ire of PAC

The country is facing Rs 216 billion financial loss per annum as a result of poor power distribution network and electricity theft while circular debt has reached Rs 450 billion. This was stated by Chairman Public Accounts Committee of the Parliament Syed
Published 02 Nov, 2017 12:00am
THE RUPEE: Minor changes
Currency

THE RUPEE: Minor changes

The rupee showed little changes against the dollar on the money market on Wednesday in the process of trading activity, dealers said.
Published 02 Nov, 2017 12:00am
Coal-fired power plants invite ire of PAC

Coal-fired power plants invite ire of PAC

The country is facing Rs 216 billion financial loss per annum as a result of poor power distribution network and electricity theft while circular debt has reached Rs 450 billion. This was stated by Chairman Public Accounts Committee of the Parliament Syed
Published 02 Nov, 2017 12:00am
THE RUPEE: Minor changes
Currency

THE RUPEE: Minor changes

The rupee showed little changes against the dollar on the money market on Wednesday in the process of trading activity, dealers said.
Published 02 Nov, 2017 12:00am
Trump says will terminate US green card lottery
Cotton

Trump says will terminate US green card lottery

President Donald Trump said Wednesday that he would end the popular US green card lottery as police said a radicalized Uzbek man staged the deadly truck ramming in New York after entering the country under the program. The move could spell the end to the
Published 02 Nov, 2017 12:00am
Trump says will terminate US green card lottery
Cotton

Trump says will terminate US green card lottery

President Donald Trump said Wednesday that he would end the popular US green card lottery as police said a radicalized Uzbek man staged the deadly truck ramming in New York after entering the country under the program. The move could spell the end to the
Published 02 Nov, 2017 12:00am
BRIndex100 stages recovery
Exchange

BRIndex100 stages recovery

Pakistan Stock Exchange (PSX) Wednesday witnessed strong recovery following institutional interest and investors'' positive sentiment. BRIndex100 gained 2.58 percent or 108.64 points to close at 4,324.05 points compared to 4,215.41 points Tuesday. BRIndex
Published 02 Nov, 2017 12:00am
BRIndex100 stages recovery
Exchange

BRIndex100 stages recovery

Pakistan Stock Exchange (PSX) Wednesday witnessed strong recovery following institutional interest and investors' positive sentiment. BRIndex100 gained 2.58 percent or 108.64 points to close at 4,324.05 points compared to 4,215.41 points Tuesday. BRIndex1
Published 02 Nov, 2017 12:00am
BRIndex100 stages recovery
Exchange

BRIndex100 stages recovery

Pakistan Stock Exchange (PSX) Wednesday witnessed strong recovery following institutional interest and investors' positive sentiment. BRIndex100 gained 2.58 percent or 108.64 points to close at 4,324.05 points compared to 4,215.41 points Tuesday. BRIndex1
Published 02 Nov, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (November 01, 2017).

Published 02 Nov, 2017 12:00am
SBP allows $-denominated insurance policies
Currency

SBP allows $-denominated insurance policies

The State Bank of Pakistan (SBP) has allowed resident insurance companies to issue US dollar-denominated insurance policies to meet the condition of foreign lenders for foreign currency loans.
Published 02 Nov, 2017 12:00am
SBP allows $-denominated insurance policies
Currency

SBP allows $-denominated insurance policies

The State Bank of Pakistan (SBP) has allowed resident insurance companies to issue US dollar-denominated insurance policies to meet the condition of foreign lenders for foreign currency loans.
Published 02 Nov, 2017 12:00am
SBP allows $-denominated insurance policies
Currency

SBP allows $-denominated insurance policies

The State Bank of Pakistan (SBP) has allowed resident insurance companies to issue US dollar-denominated insurance policies to meet the condition of foreign lenders for foreign currency loans.
Published 02 Nov, 2017 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 02 Nov, 2017 12:00am
72 percent increase in number of returns received

72 percent increase in number of returns received

The Federal Board of Revenue (FBR) has received a total of 608,587 income tax returns till November 1, 2017, up by 72 percent over 352,022 returns during the same period of last fiscal year. According to the details of the returns filing data for tax year
Published 02 Nov, 2017 12:00am
72 percent increase in number of returns received

72 percent increase in number of returns received

The Federal Board of Revenue (FBR) has received a total of 608,587 income tax returns till November 1, 2017, up by 72 percent over 352,022 returns during the same period of last fiscal year. According to the details of the returns filing data for tax year
Published 02 Nov, 2017 12:00am
72 percent increase in number of returns received

72 percent increase in number of returns received

The Federal Board of Revenue (FBR) has received a total of 608,587 income tax returns till November 1, 2017, up by 72 percent over 352,022 returns during the same period of last fiscal year. According to the details of the returns filing data for tax year
Published 02 Nov, 2017 12:00am
Business plan: cabinet decides to defer approval
Exchange

Business plan: cabinet decides to defer approval

The federal cabinet has decided to defer the approval of future business plan of Pakistan International Airlines (PIA) for a detailed study of the proposed plan to turn around financially troubled national flag carrier. The cabinet meeting chaired by Prim
Published 02 Nov, 2017 12:00am
Business plan: cabinet decides to defer approval
Exchange

Business plan: cabinet decides to defer approval

The federal cabinet has decided to defer the approval of future business plan of Pakistan International Airlines (PIA) for a detailed study of the proposed plan to turn around financially troubled national flag carrier. The cabinet meeting chaired by Prim
Published 02 Nov, 2017 12:00am
Business plan: cabinet decides to defer approval
Exchange

Business plan: cabinet decides to defer approval

The federal cabinet has decided to defer the approval of future business plan of Pakistan International Airlines (PIA) for a detailed study of the proposed plan to turn around financially troubled national flag carrier. The cabinet meeting chaired by Prim
Published 02 Nov, 2017 12:00am
State of economy: SBP report generates heated debate in Senate
Exchange

State of economy: SBP report generates heated debate in Senate

The lawmakers in Senate on Wednesday said that State Bank of Pakistan (SBP) report for 2016-17 on state of the country''s economy has badly exposed the tall claims of the government and painted a dismal picture of economy. Taking part in debate on annual
Published 02 Nov, 2017 12:00am
State of economy: SBP report generates heated debate in Senate
Exchange

State of economy: SBP report generates heated debate in Senate

The lawmakers in Senate on Wednesday said that State Bank of Pakistan (SBP) report for 2016-17 on state of the country's economy has badly exposed the tall claims of the government and painted a dismal picture of economy. Taking part in debate on annual r
Published 02 Nov, 2017 12:00am
State of economy: SBP report generates heated debate in Senate
Exchange

State of economy: SBP report generates heated debate in Senate

The lawmakers in Senate on Wednesday said that State Bank of Pakistan (SBP) report for 2016-17 on state of the country's economy has badly exposed the tall claims of the government and painted a dismal picture of economy. Taking part in debate on annual r
Published 02 Nov, 2017 12:00am
Rs 13.5 billion bailout package for PIA approved by ECC

Rs 13.5 billion bailout package for PIA approved by ECC

A meeting of the Economic Coordination Committee (ECC) of the Cabinet approved a bailout out package of Rs 13.5 billion for Pakistan International Airlines (PIA). A meeting of the ECC presided over by Prime Minister Shahid Khaqan Abbasi decided to increas
Published 02 Nov, 2017 12:00am
Rs 13.5 billion bailout package for PIA approved by ECC

Rs 13.5 billion bailout package for PIA approved by ECC

A meeting of the Economic Coordination Committee (ECC) of the Cabinet approved a bailout out package of Rs 13.5 billion for Pakistan International Airlines (PIA). A meeting of the ECC presided over by Prime Minister Shahid Khaqan Abbasi decided to increas
Published 02 Nov, 2017 12:00am
Rs 13.5 billion bailout package for PIA approved by ECC

Rs 13.5 billion bailout package for PIA approved by ECC

A meeting of the Economic Coordination Committee (ECC) of the Cabinet approved a bailout out package of Rs 13.5 billion for Pakistan International Airlines (PIA). A meeting of the ECC presided over by Prime Minister Shahid Khaqan Abbasi decided to increas
Published 02 Nov, 2017 12:00am
Fed leaves rates unchanged

Fed leaves rates unchanged

The Federal Reserve kept interest rates unchanged on Wednesday and pointed to solid US economic growth and a strengthening labor market while playing down the impact of recent hurricanes, a sign it is on track to lift borrowing costs again in December. In
Published 02 Nov, 2017 12:00am
Fed leaves rates unchanged

Fed leaves rates unchanged

The Federal Reserve kept interest rates unchanged on Wednesday and pointed to solid US economic growth and a strengthening labor market while playing down the impact of recent hurricanes, a sign it is on track to lift borrowing costs again in December. In
Published 02 Nov, 2017 12:00am
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