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Nov 07, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-12-30
Year 2017 remains most stressful for PSX investors
Exchange

Year 2017 remains most stressful for PSX investors

The outgoing year was the most stressful for stock market investors in Pakistan. According to a report issued by JS Global on Pakistan Stock Exchange's (PSX) performance of the year 2017, the benchmark KSE-100 index plunged by 15 percent (US dollar terms
Published 30 Dec, 2017 12:00am
4100 acres of land worth Rs 90 billion under encroachment, admits PR

4100 acres of land worth Rs 90 billion under encroachment, admits PR

Pakistan Railways on Friday admitted that over 4,100 acres of its land, worth about Rs 90 billion, are still under encroachment. The Punjab province tops the list where 2,076 acres of land are under encroachment followed by Sindh with 1159 acres, Balochis
Published 30 Dec, 2017 12:00am
SC acquits accused of blasphemy

SC acquits accused of blasphemy

Supreme Court on Friday acquitted a blasphemy accused on grounds of insufficient evidence, observing that one who wrongly involves anybody in blasphemy is a blasphemer and it is duty of the state to proceed against the accuser. Heading a two-member bench
Published 30 Dec, 2017 12:00am
Ayesha Gulalai forms PTI-G party

Ayesha Gulalai forms PTI-G party

MNA Ayesha Gulalai has announced to establish a new political party - Pakistan Tehreek-e-Insaf (Gulalai). A video became viral on the social media showing Gulalai chatting with a PTI leader Seema Anwar in respect to launch of her party and also requesting
Published 30 Dec, 2017 12:00am
Jazz deploys Software Defined Networking

Jazz deploys Software Defined Networking

Jazz, Pakistan's leading digital company has become the country's first organization to deploy Software Defined Networking (SDN) on its fixed & LDI network. This state-of-the-art upgrade shall allow the company to improve its service creation, performance
Published 30 Dec, 2017 12:00am
PFA imposes ban on Chooran in Punjab

PFA imposes ban on Chooran in Punjab

The Scientific Panel of Punjab Food Authority (PFA) has imposed ban on preparation and sale of all kind of Chooran (a flavored, chemically treated edible salt) as it is the major cause of ulcer. The Scientific Panel took this decision after research found
Published 30 Dec, 2017 12:00am
Nawaz asks Musharraf to face cases in courts

Nawaz asks Musharraf to face cases in courts

Former Prime Minister Nawaz Sharif on Friday challenged former president Pervez Musharraf to return to Pakistan and face the cases against him in the courts of law. While addressing the PML-N workers and leaders informally at his Jati Umra residence in Ra
Published 30 Dec, 2017 12:00am
NAB arrests alleged cheater

NAB arrests alleged cheater

National Accountability Bureau (NAB) Lahore has arrested accused Haji Abdul Qayyum on the charges of cheating public through selling plots/lands on fabricated documents in different areas of Lahore. Peering into further details, an investigation was autho
Published 30 Dec, 2017 12:00am
Government urged to resolve exports' core issues

Government urged to resolve exports' core issues

Lahore Chamber of Commerce and Industry (LCCI) has urged the government to resolve the biggest issues faced by the export industry including delay in refunds and disparity in energy prices. The LCCI vice president Zeshan Khalil raised this demand while sp
Published 30 Dec, 2017 12:00am
JI to seek Fazl's nod for Fata-KP merger

JI to seek Fazl's nod for Fata-KP merger

Jamaat-e-Islami provincial ameer Mushtaq Ahmad Khan has said that they would try to convince Jamiat Ulema-e-Islam (JUI-F) chief Maulana Fazlur Rahman to give up his opposition over Fata's merger with KP on January 4. Addressing a press conference here, he
Published 30 Dec, 2017 12:00am
Millat Tractors achieves half yearly target
Exchange

Millat Tractors achieves half yearly target

Millat Tractors Limited has achieved its half yearly target by producing and selling over 20,000 MF tractors during the first six months of the FY2017-18 vis-à-vis 13,056 tractors were sold during the same period last year showing an increase of 54 per ce
Published 30 Dec, 2017 12:00am
A shipyard at Gwadar port

A shipyard at Gwadar port

It is heartening to note that the Gwadar port is going to have its own shipyard. According to naval chief Admiral Zafar Mahmood, the work on this project will begin anytime soon; it will be completed in three to four years. This is a big news. As stated b
Published 30 Dec, 2017 12:00am
Iraq faces 'new war' - on corruption

Iraq faces 'new war' - on corruption

They have fled the country, their pockets full, or been released from prison under amnesties: despite Iraq's "war" on corruption, those guilty of embezzling state funds often evade justice. Even before he declared victory against the Islamic State group i
Published 30 Dec, 2017 12:00am
The Weather

The Weather

The weather report on Friday (December 29, 2017) and the forecast for Saturday (December 30, 2017).

Published 30 Dec, 2017 12:00am
State of economy

State of economy

After his appointment as the Adviser to the Prime Minister on Finance, Revenue and Economic Affairs Miftah Ismail is reported to have invited suggestions and asked top officials of different departments to come up with proposals to put the economy on a su
Published 30 Dec, 2017 12:00am
Pakistan cannot do it anymore

Pakistan cannot do it anymore

There cannot be two opinions about the fact that the defeat of Al-Qaeda in the war against global terrorism was not possible without more-than-active participation of Pakistan in it. Nearly three decades ago, Pakistan was a key factor behind the humiliati
Published 30 Dec, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (December 29, 2017).

Published 30 Dec, 2017 12:00am
LCCI's brilliant advice for beleaguered government
Cotton

LCCI's brilliant advice for beleaguered government

There is no shortage of advice to the policy planners in this country. The President of Lahore Chamber of Commerce and Industry (LCCI), Malik Tahir Javed, has called for immediate measures to improve the economic indicators and socio-economic structure of
Published 30 Dec, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (December 29, 2017)

Published 30 Dec, 2017 12:00am
Bolivia economy grows 3.8 percent

Bolivia economy grows 3.8 percent

Bolivia's economy grew 3.8 percent in the third quarter of 2017 from a year earlier, the economy minister said on Friday, as expansion in agriculture, construction and services helped compensate for weak natural gas sales to neighbouring Brazil.
Published 30 Dec, 2017 12:00am
Senate body decides to forward three cases to NAB
Exchange

Senate body decides to forward three cases to NAB

The Senate Standing Committee on Finance Friday decided to forward three cases related to alleged financial mismanagement and money laundering to National Accountability Bureau (NAB), including the Multan Metro Bus case which relates to concealing of reco
Published 30 Dec, 2017 12:00am
Senate body decides to forward three cases to NAB
Exchange

Senate body decides to forward three cases to NAB

The Senate Standing Committee on Finance Friday decided to forward three cases related to alleged financial mismanagement and money laundering to National Accountability Bureau (NAB), including the Multan Metro Bus case which relates to concealing of reco
Published 30 Dec, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (December 29, 2017).

Published 30 Dec, 2017 12:00am
NAB to probe shutdown, collapse of PSM
Exchange

NAB to probe shutdown, collapse of PSM

The National Accountability Bureau (NAB) Friday decided to investigate shutdown and collapse of the country's largest industrial unit, Pakistan Steel Mills (PSM), which has incurred loss of billions of rupees to the national exchequer.
Published 30 Dec, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (December 29, 2017).

Published 30 Dec, 2017 12:00am
NAB to probe shutdown, collapse of PSM
Exchange

NAB to probe shutdown, collapse of PSM

The National Accountability Bureau (NAB) Friday decided to investigate shutdown and collapse of the country's largest industrial unit, Pakistan Steel Mills (PSM), which has incurred loss of billions of rupees to the national exchequer.
Published 30 Dec, 2017 12:00am
HR Promotions: EAD, EU sign 'Grant Financing Agreement'

HR Promotions: EAD, EU sign 'Grant Financing Agreement'

Pakistan and European Union signed a Grant Financing Agreement on promotion of human rights in Pakistan amounting to Euro 9.6 million. The agreement will support the continued efforts of the government of Pakistan for the promotion of human rights. The ag
Published 30 Dec, 2017 12:00am
HR Promotions: EAD, EU sign 'Grant Financing Agreement'

HR Promotions: EAD, EU sign 'Grant Financing Agreement'

Pakistan and European Union signed a Grant Financing Agreement on promotion of human rights in Pakistan amounting to Euro 9.6 million. The agreement will support the continued efforts of the government of Pakistan for the promotion of human rights. The ag
Published 30 Dec, 2017 12:00am
THE RUPEE: all-round gains
Currency

THE RUPEE: all-round gains

The rupee managed to recover modest ground against the dollar on the money market on Friday in the process of trading, dealers said. In line with the open market, the rupee managed to gain eight paisas in relation to the dollar for buying and selling at R
Published 30 Dec, 2017 12:00am
Dispute over whether SCO can be run on commercial basis

Dispute over whether SCO can be run on commercial basis

Pakistan can face serious consequences like it suffered in the Karkey power project case if the military-run Special Communication Organization (SCO) is allowed to operate on commercial basis in violation of shareholder agreement throughout the country. T
Published 30 Dec, 2017 12:00am
THE RUPEE: all-round gains
Currency

THE RUPEE: all-round gains

The rupee managed to recover modest ground against the dollar on the money market on Friday in the process of trading, dealers said. In line with the open market, the rupee managed to gain eight paisas in relation to the dollar for buying and selling at R
Published 30 Dec, 2017 12:00am
Dispute over whether SCO can be run on commercial basis

Dispute over whether SCO can be run on commercial basis

Pakistan can face serious consequences like it suffered in the Karkey power project case if the military-run Special Communication Organization (SCO) is allowed to operate on commercial basis in violation of shareholder agreement throughout the country. T
Published 30 Dec, 2017 12:00am
Dispute over whether SCO can be run on commercial basis

Dispute over whether SCO can be run on commercial basis

Pakistan can face serious consequences like it suffered in the Karkey power project case if the military-run Special Communication Organization (SCO) is allowed to operate on commercial basis in violation of shareholder agreement throughout the country. T
Published 30 Dec, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (December 29, 2017).

Published 30 Dec, 2017 12:00am
External debt: clarification
Exchange

External debt: clarification

Referring to news reports in a section of media on Friday wherein it is stated that Pakistan has to pay back $6 billion to foreign creditors in the next six months, the spokesman of the Finance Division clarified that total payments against external publi
Published 30 Dec, 2017 12:00am
External debt: clarification
Exchange

External debt: clarification

Referring to news reports in a section of media on Friday wherein it is stated that Pakistan has to pay back $6 billion to foreign creditors in the next six months, the spokesman of the Finance Division clarified that total payments against external publi
Published 30 Dec, 2017 12:00am
External debt: clarification
Exchange

External debt: clarification

Referring to news reports in a section of media on Friday wherein it is stated that Pakistan has to pay back $6 billion to foreign creditors in the next six months, the spokesman of the Finance Division clarified that total payments against external publi
Published 30 Dec, 2017 12:00am
UBG makes a clean sweep in FPCCI elections

UBG makes a clean sweep in FPCCI elections

The United Business Group (UBG) led by Iftikhar Malik and S M Muneer has swept the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) annual elections held on Friday. According to unofficial results, the UBG candidate Ghazanfar Ali Bilour an
Published 30 Dec, 2017 12:00am
UBG makes a clean sweep in FPCCI elections

UBG makes a clean sweep in FPCCI elections

The United Business Group (UBG) led by Iftikhar Malik and S M Muneer has swept the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) annual elections held on Friday. According to unofficial results, the UBG candidate Ghazanfar Ali Bilour an
Published 30 Dec, 2017 12:00am
UBG makes a clean sweep in FPCCI elections

UBG makes a clean sweep in FPCCI elections

The United Business Group (UBG) led by Iftikhar Malik and S M Muneer has swept the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) annual elections held on Friday. According to unofficial results, the UBG candidate Ghazanfar Ali Bilour an
Published 30 Dec, 2017 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 30 Dec, 2017 12:00am
FBR HQs, LTUs & RTOs to remain open till midnight today

FBR HQs, LTUs & RTOs to remain open till midnight today

The Federal Board of Revenue has announced that FBR Headquarters would remain open on Saturday (December 30) as per normal office hours. The FBR has also directed Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) to remain open till 12:00 midnig
Published 30 Dec, 2017 12:00am
FBR HQs, LTUs & RTOs to remain open till midnight today

FBR HQs, LTUs & RTOs to remain open till midnight today

The Federal Board of Revenue has announced that FBR Headquarters would remain open on Saturday (December 30) as per normal office hours. The FBR has also directed Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) to remain open till 12:00 midnig
Published 30 Dec, 2017 12:00am
FBR HQs, LTUs & RTOs to remain open till midnight today

FBR HQs, LTUs & RTOs to remain open till midnight today

The Federal Board of Revenue has announced that FBR Headquarters would remain open on Saturday (December 30) as per normal office hours. The FBR has also directed Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) to remain open till 12:00 midnig
Published 30 Dec, 2017 12:00am
Prices revision tomorrow: Ogra recommends hefty increase in POL prices

Prices revision tomorrow: Ogra recommends hefty increase in POL prices

The Oil and Gas Regulatory Authority (Ogra) Friday recommended hefty increase in prices of petroleum products following the recent fluctuation in global oil prices. The regulator recommended an increase of Rs 4.06 per litre (5.2%) in the price of petrol,
Published 30 Dec, 2017 12:00am
Prices revision tomorrow: Ogra recommends hefty increase in POL prices

Prices revision tomorrow: Ogra recommends hefty increase in POL prices

The Oil and Gas Regulatory Authority (Ogra) Friday recommended hefty increase in prices of petroleum products following the recent fluctuation in global oil prices. The regulator recommended an increase of Rs 4.06 per litre (5.2%) in the price of petrol,
Published 30 Dec, 2017 12:00am
Prices revision tomorrow: Ogra recommends hefty increase in POL prices

Prices revision tomorrow: Ogra recommends hefty increase in POL prices

The Oil and Gas Regulatory Authority (Ogra) Friday recommended hefty increase in prices of petroleum products following the recent fluctuation in global oil prices. The regulator recommended an increase of Rs 4.06 per litre (5.2%) in the price of petrol,
Published 30 Dec, 2017 12:00am
Saudi Arabia releases two princes after graft probe
Exchange

Saudi Arabia releases two princes after graft probe

Saudi Arabia has released two sons of late king Abdullah two months after they were detained in a sweeping anti-corruption purge, a source close to the government said Friday. "They have been released," the source said a day after a family member posted p
Published 30 Dec, 2017 12:00am
Saudi Arabia releases two princes after graft probe
Exchange

Saudi Arabia releases two princes after graft probe

Saudi Arabia has released two sons of late king Abdullah two months after they were detained in a sweeping anti-corruption purge, a source close to the government said Friday. "They have been released," the source said a day after a family member posted p
Published 30 Dec, 2017 12:00am
ECC allows export of 35,000 MT of urea to Sri Lanka
Currency

ECC allows export of 35,000 MT of urea to Sri Lanka

The Economic Coordination Committee (ECC) of the Cabinet has allowed export of 35,000 metric tons of urea to Sri Lanka in addition to extension in the date for export of 41,000 metric tons of urea. Sources said that a meeting of the ECC presided over by t
Published 30 Dec, 2017 12:00am
ECC allows export of 35,000 MT of urea to Sri Lanka
Currency

ECC allows export of 35,000 MT of urea to Sri Lanka

The Economic Coordination Committee (ECC) of the Cabinet has allowed export of 35,000 metric tons of urea to Sri Lanka in addition to extension in the date for export of 41,000 metric tons of urea. Sources said that a meeting of the ECC presided over by t
Published 30 Dec, 2017 12:00am
ECC allows export of 35,000 MT of urea to Sri Lanka
Currency

ECC allows export of 35,000 MT of urea to Sri Lanka

The Economic Coordination Committee (ECC) of the Cabinet has allowed export of 35,000 metric tons of urea to Sri Lanka in addition to extension in the date for export of 41,000 metric tons of urea. Sources said that a meeting of the ECC presided over by t
Published 30 Dec, 2017 12:00am
Goldman Sachs says US tax reform to cut 2017 earnings by $5 billion

Goldman Sachs says US tax reform to cut 2017 earnings by $5 billion

US banking giant Goldman Sachs said Friday that the US tax reform will cut its earnings this year by about $5 billion, mainly because of a tax targeting earnings held abroad. "The Goldman Sachs group estimates, based on currently available information, th
Published 30 Dec, 2017 12:00am
Goldman Sachs says US tax reform to cut 2017 earnings by $5 billion

Goldman Sachs says US tax reform to cut 2017 earnings by $5 billion

US banking giant Goldman Sachs said Friday that the US tax reform will cut its earnings this year by about $5 billion, mainly because of a tax targeting earnings held abroad. "The Goldman Sachs group estimates, based on currently available information, th
Published 30 Dec, 2017 12:00am
Goldman Sachs says US tax reform to cut 2017 earnings by $5 billion

Goldman Sachs says US tax reform to cut 2017 earnings by $5 billion

US banking giant Goldman Sachs said Friday that the US tax reform will cut its earnings this year by about $5 billion, mainly because of a tax targeting earnings held abroad. "The Goldman Sachs group estimates, based on currently available information, th
Published 30 Dec, 2017 12:00am
Miftah targets tax reforms, touts rupee flexibility
Currency

Miftah targets tax reforms, touts rupee flexibility

New finance ministry chief Miftah Ismail said he plans significant tax reforms in the five months before the government''s term ends ahead of a 2018 election, and touted a policy of greater currency flexibility. The government has in recent months devalue
Published 30 Dec, 2017 12:00am
Miftah targets tax reforms, touts rupee flexibility
Currency

Miftah targets tax reforms, touts rupee flexibility

New finance ministry chief Miftah Ismail said he plans significant tax reforms in the five months before the government's term ends ahead of a 2018 election, and touted a policy of greater currency flexibility. The government has in recent months devalued
Published 30 Dec, 2017 12:00am
Miftah targets tax reforms, touts rupee flexibility
Currency

Miftah targets tax reforms, touts rupee flexibility

New finance ministry chief Miftah Ismail said he plans significant tax reforms in the five months before the government's term ends ahead of a 2018 election, and touted a policy of greater currency flexibility. The government has in recent months devalued
Published 30 Dec, 2017 12:00am
External financing needs: MoF reluctant to share details
Exchange

External financing needs: MoF reluctant to share details

The Finance Ministry is reluctant to share the details of external financing needs of the country and plan to meet them at a time when some members of National Assembly Standing Committee on Finance have projected $15-16 billion financing gap for the curr
Published 30 Dec, 2017 12:00am
External financing needs: MoF reluctant to share details
Exchange

External financing needs: MoF reluctant to share details

The Finance Ministry is reluctant to share the details of external financing needs of the country and plan to meet them at a time when some members of National Assembly Standing Committee on Finance have projected $15-16 billion financing gap for the curr
Published 30 Dec, 2017 12:00am
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