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Print - 2018-01-25
Impact of BRI already being felt: PM
Exchange

Impact of BRI already being felt: PM

Prime Minister Shahid Khaqan Abbasi on Wednesday said the Belt and Road Initiative would create connectivity, create linkages and boost economic growth of countries part of the project. He was speaking at a panel discussion on "The Belt and Road Impact";
Published 25 Jan, 2018 12:00am
Impact of BRI already being felt: PM
Exchange

Impact of BRI already being felt: PM

Prime Minister Shahid Khaqan Abbasi on Wednesday said the Belt and Road Initiative would create connectivity, create linkages and boost economic growth of countries part of the project. He was speaking at a panel discussion on "The Belt and Road Impact";
Published 25 Jan, 2018 12:00am
Impact of BRI already being felt: PM
Exchange

Impact of BRI already being felt: PM

Prime Minister Shahid Khaqan Abbasi on Wednesday said the Belt and Road Initiative would create connectivity, create linkages and boost economic growth of countries part of the project. He was speaking at a panel discussion on "The Belt and Road Impact";
Published 25 Jan, 2018 12:00am
US seeks to soothe Davos jitters over 'America First'

US seeks to soothe Davos jitters over 'America First'

The United States insisted Wednesday it was not turning its back on the world as President Donald Trump prepared to sell his "America First" message to sceptical fellow leaders railing against protectionism at the Davos economic summit. As Germany and Fra
Published 25 Jan, 2018 12:00am
Mnuchin hails 'weaker dollar' sending greenback plummeting
Currency

Mnuchin hails 'weaker dollar' sending greenback plummeting

US Treasury Secretary Steven Mnuchin said Wednesday in Davos that a "weaker dollar" was good for the United States, words that sharply lowered the value of US currency on the markets. "Obviously a weaker dollar is good for us, it's good because it has to
Published 25 Jan, 2018 12:00am
Dar's Hajveri Trust: court orders partial unfreezing of accounts

Dar's Hajveri Trust: court orders partial unfreezing of accounts

The Accountability Court hearing a corruption reference against former Finance Minister Ishaq Dar Wednesday ordered partial unfreezing of accounts of the Hajveri Trust founded by Dar. Accountability Court Judge Muhammad Bashir while hearing an application
Published 25 Jan, 2018 12:00am
Dar's Hajveri Trust: court orders partial unfreezing of accounts

Dar's Hajveri Trust: court orders partial unfreezing of accounts

The Accountability Court hearing a corruption reference against former Finance Minister Ishaq Dar Wednesday ordered partial unfreezing of accounts of the Hajveri Trust founded by Dar. Accountability Court Judge Muhammad Bashir while hearing an application
Published 25 Jan, 2018 12:00am
EU fines chipmaker Qualcomm 1 billion euros for Apple deal

EU fines chipmaker Qualcomm 1 billion euros for Apple deal

The EU on Wednesday hit US chipmaking giant Qualcomm with an antitrust fine of 997 million euros ($1.2 billion) for paying Apple to use its chips exclusively in iPhones and iPads. EU Competition Commissioner Margrethe Vestager said that by striking the ag
Published 25 Jan, 2018 12:00am
EU fines chipmaker Qualcomm 1 billion euros for Apple deal

EU fines chipmaker Qualcomm 1 billion euros for Apple deal

The EU on Wednesday hit US chipmaking giant Qualcomm with an antitrust fine of 997 million euros ($1.2 billion) for paying Apple to use its chips exclusively in iPhones and iPads. EU Competition Commissioner Margrethe Vestager said that by striking the ag
Published 25 Jan, 2018 12:00am
EU fines chipmaker Qualcomm 1 billion euros for Apple deal

EU fines chipmaker Qualcomm 1 billion euros for Apple deal

The EU on Wednesday hit US chipmaking giant Qualcomm with an antitrust fine of 997 million euros ($1.2 billion) for paying Apple to use its chips exclusively in iPhones and iPads. EU Competition Commissioner Margrethe Vestager said that by striking the ag
Published 25 Jan, 2018 12:00am
MPS tomorrow: key policy rate may remain unchanged

MPS tomorrow: key policy rate may remain unchanged

The State Bank of Pakistan (SBP) will unveil monetary policy decision for next two months Friday with expectations of status quo due to positive inflation outlook. Independent Monetary Policy Committee (MPC) of SBP is scheduled to meet on January 26, 2018
Published 25 Jan, 2018 12:00am
MPS tomorrow: key policy rate may remain unchanged

MPS tomorrow: key policy rate may remain unchanged

The State Bank of Pakistan (SBP) will unveil monetary policy decision for next two months Friday with expectations of status quo due to positive inflation outlook. Independent Monetary Policy Committee (MPC) of SBP is scheduled to meet on January 26, 2018
Published 25 Jan, 2018 12:00am
MPS tomorrow: key policy rate may remain unchanged

MPS tomorrow: key policy rate may remain unchanged

The State Bank of Pakistan (SBP) will unveil monetary policy decision for next two months Friday with expectations of status quo due to positive inflation outlook. Independent Monetary Policy Committee (MPC) of SBP is scheduled to meet on January 26, 2018
Published 25 Jan, 2018 12:00am
BRIndex100 gains 21.86 points
Exchange

BRIndex100 gains 21.86 points

Pakistan Stock Exchange Wednesday witnessed a positive trend on the back of healthy buying in various sectors. BRIndex100 gained 21.86 points or 0.45 percent to close at 4,858.92 points. BRIndex100 touched intraday high of 4,918.59 and intraday low of 4,8
Published 25 Jan, 2018 12:00am
BRIndex100 gains 21.86 points
Exchange

BRIndex100 gains 21.86 points

Pakistan Stock Exchange Wednesday witnessed a positive trend on the back of healthy buying in various sectors. BRIndex100 gained 21.86 points or 0.45 percent to close at 4,858.92 points. BRIndex100 touched intraday high of 4,918.59 and intraday low of 4,8
Published 25 Jan, 2018 12:00am
BRIndex100 gains 21.86 points
Exchange

BRIndex100 gains 21.86 points

Pakistan Stock Exchange Wednesday witnessed a positive trend on the back of healthy buying in various sectors. BRIndex100 gained 21.86 points or 0.45 percent to close at 4,858.92 points. BRIndex100 touched intraday high of 4,918.59 and intraday low of 4,8
Published 25 Jan, 2018 12:00am
Pakistan condemns unilateral US action

Pakistan condemns unilateral US action

Pakistan Wednesday condemned the US drone attack in Kurram Agency, describing that such 'unilateral actions are detrimental to the spirit of cooperation between the two countries in the fight against terrorism.' "Pakistan condemns a drone strike in Kurram
Published 25 Jan, 2018 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 25 Jan, 2018 12:00am
Pakistan condemns unilateral US action

Pakistan condemns unilateral US action

Pakistan Wednesday condemned the US drone attack in Kurram Agency, describing that such 'unilateral actions are detrimental to the spirit of cooperation between the two countries in the fight against terrorism.' "Pakistan condemns a drone strike in Kurram
Published 25 Jan, 2018 12:00am
PM, AIIB President discuss funding for Fata uplift

PM, AIIB President discuss funding for Fata uplift

Prime Minister Shahid Khaqan Abbasi says socio-economic integration and uplift of FATA is a major priority of the government. He was talking to President of Asia Infrastructure Investment Bank (AIIB) Jin Liqun at World Economic Forum in Davos on Wednesday
Published 25 Jan, 2018 12:00am
PM, AIIB President discuss funding for Fata uplift

PM, AIIB President discuss funding for Fata uplift

Prime Minister Shahid Khaqan Abbasi says socio-economic integration and uplift of FATA is a major priority of the government. He was talking to President of Asia Infrastructure Investment Bank (AIIB) Jin Liqun at World Economic Forum in Davos on Wednesday
Published 25 Jan, 2018 12:00am
PM, AIIB President discuss funding for Fata uplift

PM, AIIB President discuss funding for Fata uplift

Prime Minister Shahid Khaqan Abbasi says socio-economic integration and uplift of FATA is a major priority of the government. He was talking to President of Asia Infrastructure Investment Bank (AIIB) Jin Liqun at World Economic Forum in Davos on Wednesday
Published 25 Jan, 2018 12:00am
PM, AIIB President discuss funding for Fata uplift

PM, AIIB President discuss funding for Fata uplift

Prime Minister Shahid Khaqan Abbasi says socio-economic integration and uplift of FATA is a major priority of the government. He was talking to President of Asia Infrastructure Investment Bank (AIIB) Jin Liqun at World Economic Forum in Davos on Wednesday
Published 25 Jan, 2018 12:00am
Haqqani militant killed by drone strike

Haqqani militant killed by drone strike

A suspected US drone attack in northwest killed a militant from the Haqqani network allied to Afghanistan's Taliban on Wednesday, officials said, days after Afghan authorities accused the group of attacking a Kabul hotel. The pre-dawn strike took place mo
Published 25 Jan, 2018 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (January 24, 2018).

Published 25 Jan, 2018 12:00am
Haqqani militant killed by drone strike

Haqqani militant killed by drone strike

A suspected US drone attack in northwest killed a militant from the Haqqani network allied to Afghanistan's Taliban on Wednesday, officials said, days after Afghan authorities accused the group of attacking a Kabul hotel. The pre-dawn strike took place mo
Published 25 Jan, 2018 12:00am
LHC restrains government from taking illegal action against Hafiz Saeed

LHC restrains government from taking illegal action against Hafiz Saeed

The Lahore High Court on Wednesday restrained the government from taking any illegal action against Jamatud Dawa (JuD) Chief Hafiz Muhammad Saeed who approached the court against his possible arrest. The court issued the stay on Hafiz Saeed's petition cha
Published 25 Jan, 2018 12:00am
LHC restrains government from taking illegal action against Hafiz Saeed

LHC restrains government from taking illegal action against Hafiz Saeed

The Lahore High Court on Wednesday restrained the government from taking any illegal action against Jamatud Dawa (JuD) Chief Hafiz Muhammad Saeed who approached the court against his possible arrest. The court issued the stay on Hafiz Saeed's petition cha
Published 25 Jan, 2018 12:00am
HBFCL widow borrowers: Rs 500 million approved to write off loans

HBFCL widow borrowers: Rs 500 million approved to write off loans

Finance Division has approved Rs 500 million for loan write-off of 1,994 widow borrowers of House Building Finance Company Limited (HBFCL). Sources told Business Recorder that the HBFCL has approved 229 cases out of the total identified 1,994 eligi
Published 25 Jan, 2018 12:00am
HBFCL widow borrowers: Rs 500 million approved to write off loans

HBFCL widow borrowers: Rs 500 million approved to write off loans

Finance Division has approved Rs 500 million for loan write-off of 1,994 widow borrowers of House Building Finance Company Limited (HBFCL). Sources told Business Recorder that the HBFCL has approved 229 cases out of the total identified 1,994 eligi
Published 25 Jan, 2018 12:00am
THE RUPEE: dollar gains slightly
Currency

THE RUPEE: dollar gains slightly

The rupee maintained firm trend against the dollar on the currency market on Wednesday in the process of trading activity, dealers said. The rupee stayed put versus the dollar for buying and selling at Rs 112.10 and Rs 112.45 respectively, while the rupee
Published 25 Jan, 2018 12:00am
HBFCL widow borrowers: Rs 500 million approved to write off loans

HBFCL widow borrowers: Rs 500 million approved to write off loans

Finance Division has approved Rs 500 million for loan write-off of 1,994 widow borrowers of House Building Finance Company Limited (HBFCL). Sources told Business Recorder that the HBFCL has approved 229 cases out of the total identified 1,994 eligi
Published 25 Jan, 2018 12:00am
THE RUPEE: dollar gains slightly
Currency

THE RUPEE: dollar gains slightly

The rupee maintained firm trend against the dollar on the currency market on Wednesday in the process of trading activity, dealers said. The rupee stayed put versus the dollar for buying and selling at Rs 112.10 and Rs 112.45 respectively, while the rupee
Published 25 Jan, 2018 12:00am
UK Labour reverses 'illegal' ticket discount for minorities

UK Labour reverses 'illegal' ticket discount for minorities

Britain's Labour Party said Wednesday it had reversed a decision to lower ticket prices for ethnic minorities attending a speech by leader Jeremy Corbyn after it was deemed to be potentially unlawful. Corbyn is due to speak at the East Midlands Regional C
Published 25 Jan, 2018 12:00am
2018 global growth to roll to highs not seen in eight years

2018 global growth to roll to highs not seen in eight years

The global economy is expected to grow at a robust pace this year and reach an altitude not seen since 2010, as momentum builds in developed economies and inflation revives, Reuters polls of over 500 economists showed. Major central banks are expected to
Published 25 Jan, 2018 12:00am
Senate adopts bill to separate PIMS from SZABMU

Senate adopts bill to separate PIMS from SZABMU

The Senate on Wednesday passed a bill for separating Pakistan Institute of Medical Sciences (PIMS) from Shaheed Zulfiqar Ali Bhutto Medical University (SZABMU). Opposition Leader in Senate Aitzaz Ahsan said that his party did not oppose the bill as the go
Published 25 Jan, 2018 12:00am
Riots in Indian cities on eve of Hindu queen film release

Riots in Indian cities on eve of Hindu queen film release

Hindu hardliners rampaged through several Indian cities Wednesday protesting a controversial Bollywood film on the eve of its cinema debut, as violent mobs clashed with police, torched vehicles and vandalised malls. The unrest followed a night of rioting
Published 25 Jan, 2018 12:00am
Riots in Indian cities on eve of Hindu queen film release

Riots in Indian cities on eve of Hindu queen film release

Hindu hardliners rampaged through several Indian cities Wednesday protesting a controversial Bollywood film on the eve of its cinema debut, as violent mobs clashed with police, torched vehicles and vandalised malls. The unrest followed a night of rioting
Published 25 Jan, 2018 12:00am
Trade interests brook no complacency

Trade interests brook no complacency

That China and Pakistan are very close friends is a fact. That their friendship is deeper than the oceans and taller than the Himalayas is also a fact. So no one from Pakistan should doubt China's approach to trade with Pakistan. China, according to its a
Published 25 Jan, 2018 12:00am
Another negotiations offer

Another negotiations offer

Newly-installed Chief Minister Balochistan Mir Abdul Quddus Bizenjo has offered yet another olive branch to the self-exiled Baloch leaders. Being the youngest chief minister ever to grace the seat of power in Quetta as a result of the ousting of former ch
Published 25 Jan, 2018 12:00am
PEF, CPFTA and CPEC
Exchange

PEF, CPFTA and CPEC

Lots of acronyms there! PEF is Pakistan Economic Forum whose fourth edition was show-cased last week. CPFTA is China Pakistan FTA now being 'renegotiated'. CPEC is the known unknown. PEF lacked originality, and not just in its name that clones the World E
Published 25 Jan, 2018 12:00am
Khadim-e-Punjab and NAB

Khadim-e-Punjab and NAB

Shahbaz Sharif, Chief Minister of Punjab, likes to project his image as a leader of the masses. He calls himself Khadim-e-Punjab (servant of Punjab) so the people think, unlike other politicians, he sought power to serve the people rather than to look out
Published 25 Jan, 2018 12:00am
Open governance doctrine - II

Open governance doctrine - II

Way back in 1993, the UK government issued a White Paper declaring that it was the government's "commitment to make government in the United Kingdom more open and accountable." Public interest is involved in both disclosure and confidentiality of informat
Published 25 Jan, 2018 12:00am
Response to Dr Pasha's article

Response to Dr Pasha's article

Dr Hafeez A. Pasha has written an article published in Business Recorder dated 16-01-2018 regarding public spending on Pro-Poor expenditure which has been released by PRSP Secretariat, Ministry of Finance. The figures and data which the writer has
Published 25 Jan, 2018 12:00am
Diabetes on the rise in Pakistan: Yasin Malik

Diabetes on the rise in Pakistan: Yasin Malik

Speaking at the inaugural ceremony of the "Begum Nafees Sardar Yasin Malik Centre," the National Institute of Diabetes and Endocrinology at the Dow University of Health Sciences, Ojha Campus, social worker Sardar Yasin Malik said that "diabetes and the nu
Published 25 Jan, 2018 12:00am
All bids for auctioning PIBs rejected

All bids for auctioning PIBs rejected

The federal government Wednesday rejected all the bids of Pakistan Investment Bond (PIBs). This was the sixth auction of long-term bonds in a row, which were rejected by the federal government and not a single penny was borrowed in the auction. Mainly, th
Published 25 Jan, 2018 12:00am
All bids for auctioning PIBs rejected

All bids for auctioning PIBs rejected

The federal government Wednesday rejected all the bids of Pakistan Investment Bond (PIBs). This was the sixth auction of long-term bonds in a row, which were rejected by the federal government and not a single penny was borrowed in the auction. Mainly, th
Published 25 Jan, 2018 12:00am
Lasbela Chamber to set up welfare trust for GQ hospital

Lasbela Chamber to set up welfare trust for GQ hospital

The Lasbela Chamber of Commerce and Industry (LCCI) announced to establish welfare trust. This was decided in a meeting held with the District and Sessions Judge, Lasbela at Hub attended by the Judiciary as well as prominent industries to discuss the prob
Published 25 Jan, 2018 12:00am
FCCI donates Rs 0.5 million to SMT Hospital

FCCI donates Rs 0.5 million to SMT Hospital

Healthy individuals are imperative to contribute their productive role in the overall development of society and in this connection a comprehensive awareness campaign would be launched to give necessary awareness to the masses for saving them from various
Published 25 Jan, 2018 12:00am
General Mikhail briefed on CPEC investment opportunities

General Mikhail briefed on CPEC investment opportunities

Minister for Defence Engineer Khurram Dastgir Wednesday called on Permanent Chairman of the European Union Military Committee (CEUMC), General Mikhail Kostarakos. During the meeting, both the sides discussed issues of mutual interest and agreed to enhance
Published 25 Jan, 2018 12:00am
Pulses import bill down by 27 percent in July-December 2017

Pulses import bill down by 27 percent in July-December 2017

Pakistan's import bill for pulses slumped to $269.929 million in July-December 2017, down by 27.28 per cent, official figures say. Decline in pulses import stands at $101.248 million in July-December 2017 from $371.177 million in July-December 2016, Pakis
Published 25 Jan, 2018 12:00am
PHEC chief calls for market-based education

PHEC chief calls for market-based education

Punjab Higher Education Commission Chairman Professor Dr Nizamuddin has called upon the need to trace reasons behind unemployment and provide market-oriented education to the students at institutions of higher learning. He was addressing the degree awardi
Published 25 Jan, 2018 12:00am
'H1N1 influenza epidemic to be effectively controlled in two weeks'

'H1N1 influenza epidemic to be effectively controlled in two weeks'

Technical committee on seasonal influenza H1N1, which met under the chairmanship of professor Faisal Masood Vice Chancellor University of Health Sciences here on Wednesday, observed that H1N1 influenza epidemic would be effectively controlled within two w
Published 25 Jan, 2018 12:00am
Country's GDP can be tripled by boosting Marine economy: CNS

Country's GDP can be tripled by boosting Marine economy: CNS

Chief of the Naval Staff Admiral Zafar Mahmood Abbasi has said that through mutual cooperation and joint efforts with the business community the country's maritime economy can be boosted and Pakistan's gross domestic product growth can be tripled.
Published 25 Jan, 2018 12:00am
No leniency granted to Rao Anwar, says Murad

No leniency granted to Rao Anwar, says Murad

Sindh Chief Minister Syed Murad Ali Shah has said that no leniency has been granted to former SSP Malir Rao Anwar and no NOC issued to him, adding that the PPP always condemned the extrajudicial killings and would not allow anyone to do so.
Published 25 Jan, 2018 12:00am
MS/M Phil pre-entry test at SU on January 27

MS/M Phil pre-entry test at SU on January 27

Sindh University (SU) pre-entry test for admission to MS/M. Phil degrees programmes has been scheduled for January 27, 2018. The test will take place at Arts Faculty building of SU main campus at Jamshoro. A high-profile meeting to review arrangements in
Published 25 Jan, 2018 12:00am