Print - 2018-01-27
Dozens dead in South Korea hospital blaze

Dozens dead in South Korea hospital blaze

A huge fire tore through a South Korean hospital on Friday killing at least 37 people, the government said, in the country's worst blaze for a decade. Around 130 others were hurt in the fire, which comes just weeks before thousands of athletes and foreign
Published 27 Jan, 2018 12:00am
Pakistan, Indonesia to enter into FTA: TDAP secretary
Cotton

Pakistan, Indonesia to enter into FTA: TDAP secretary

Trade Development Authority of Pakistan (TDAP) Secretary Inam Ullah Khan Dharejo Friday said Pakistan and Indonesia have decided to enter into Free Trade Agreement (FTA) with focus on goods, services and investment, which can mark a radical shift in trade
Published 27 Jan, 2018 12:00am
Senate chairman irked by concession to Chinese company

Senate chairman irked by concession to Chinese company

The government came under severe criticism in the Senate on Friday for exempting a Chinese company from sales tax and federal excise duty through an SRO which the House declared contrary to the rules as well as violation of the Supreme Court judgement. Op
Published 27 Jan, 2018 12:00am
Senate chairman irked by concession to Chinese company

Senate chairman irked by concession to Chinese company

The government came under severe criticism in the Senate on Friday for exempting a Chinese company from sales tax and federal excise duty through an SRO which the House declared contrary to the rules as well as violation of the Supreme Court judgement. Op
Published 27 Jan, 2018 12:00am
Senate chairman irked by concession to Chinese company

Senate chairman irked by concession to Chinese company

The government came under severe criticism in the Senate on Friday for exempting a Chinese company from sales tax and federal excise duty through an SRO which the House declared contrary to the rules as well as violation of the Supreme Court judgement. Op
Published 27 Jan, 2018 12:00am
SC to decide time period of Nawaz's ineligibility: CJP

SC to decide time period of Nawaz's ineligibility: CJP

Chief Justice of Pakistan (CJP) Mian Saqib Nisar has said on Friday that the top court is to decide whether disqualified premier Nawaz Sharif is to be subjected to ineligibility for a year, for five years or for the lifetime under Article 62 (1)F. During
Published 27 Jan, 2018 12:00am
SC to decide time period of Nawaz's ineligibility: CJP

SC to decide time period of Nawaz's ineligibility: CJP

Chief Justice of Pakistan (CJP) Mian Saqib Nisar has said on Friday that the top court is to decide whether disqualified premier Nawaz Sharif is to be subjected to ineligibility for a year, for five years or for the lifetime under Article 62 (1)F. During
Published 27 Jan, 2018 12:00am
No bank account of Imran Ali found: SBP
Currency

No bank account of Imran Ali found: SBP

State Bank of Pakistan (SBP) Governor Tariq Bajwa Friday said that not a single bank account of Imran Ali - the main accused of Zainab murder case, has been found. The Governor SBP on the sidelines of Monetary Policy press conference informed that on the
Published 27 Jan, 2018 12:00am
No bank account of Imran Ali found: SBP
Currency

No bank account of Imran Ali found: SBP

State Bank of Pakistan (SBP) Governor Tariq Bajwa Friday said that not a single bank account of Imran Ali - the main accused of Zainab murder case, has been found. The Governor SBP on the sidelines of Monetary Policy press conference informed that on the
Published 27 Jan, 2018 12:00am
No bank account of Imran Ali found: SBP
Currency

No bank account of Imran Ali found: SBP

State Bank of Pakistan (SBP) Governor Tariq Bajwa Friday said that not a single bank account of Imran Ali - the main accused of Zainab murder case, has been found. The Governor SBP on the sidelines of Monetary Policy press conference informed that on the
Published 27 Jan, 2018 12:00am
No bank account of Imran Ali found: SBP
Currency

No bank account of Imran Ali found: SBP

State Bank of Pakistan (SBP) Governor Tariq Bajwa Friday said that not a single bank account of Imran Ali - the main accused of Zainab murder case, has been found. The Governor SBP on the sidelines of Monetary Policy press conference informed that on the
Published 27 Jan, 2018 12:00am
BRIndex100 stays bearish
Exchange

BRIndex100 stays bearish

A bearish trend continued on Pakistan Stock Exchange due to selling, mainly by local investors on Friday, the last day of the current trading week. BRIndex100 lost 37.19 points or 0.77 percent to close at 4,795.37 points. BRIndex100 touched intraday high
Published 27 Jan, 2018 12:00am
BRIndex100 stays bearish
Exchange

BRIndex100 stays bearish

A bearish trend continued on Pakistan Stock Exchange due to selling, mainly by local investors on Friday, the last day of the current trading week. BRIndex100 lost 37.19 points or 0.77 percent to close at 4,795.37 points. BRIndex100 touched intraday high
Published 27 Jan, 2018 12:00am
BRIndex100 stays bearish
Exchange

BRIndex100 stays bearish

A bearish trend continued on Pakistan Stock Exchange due to selling, mainly by local investors on Friday, the last day of the current trading week. BRIndex100 lost 37.19 points or 0.77 percent to close at 4,795.37 points. BRIndex100 touched intraday high
Published 27 Jan, 2018 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 27 Jan, 2018 12:00am
Trump warns Davos on 'unfair' trade
Currency

Trump warns Davos on 'unfair' trade

US President Donald Trump took his "America First" message to the world's elite on Friday, telling a summit of business and political leaders that the United States would "no longer turn a blind eye" to what he described as unfair trade practices. Trump b
Published 27 Jan, 2018 12:00am
Trump warns Davos on 'unfair' trade
Currency

Trump warns Davos on 'unfair' trade

US President Donald Trump took his "America First" message to the world's elite on Friday, telling a summit of business and political leaders that the United States would "no longer turn a blind eye" to what he described as unfair trade practices. Trump b
Published 27 Jan, 2018 12:00am
Trump warns Davos on ''unfair'' trade
Currency

Trump warns Davos on ''unfair'' trade

US President Donald Trump took his "America First" message to the world''s elite on Friday, telling a summit of business and political leaders that the United States would "no longer turn a blind eye" to what he described as unfair trade practices. Trump
Published 27 Jan, 2018 12:00am
Policy rate raised by 25 bps to 6 percent
Exchange

Policy rate raised by 25 bps to 6 percent

The State Bank of Pakistan (SBP) on Friday, taking a precautionary measure ahead of expected inflationary pressure on the economy, increased key policy rate by 25 basis points (bps) to 6 percent for the next two months. SBP has raised policy rate for firs
Published 27 Jan, 2018 12:00am
Policy rate raised by 25 bps to 6 percent
Exchange

Policy rate raised by 25 bps to 6 percent

The State Bank of Pakistan (SBP) on Friday, taking a precautionary measure ahead of expected inflationary pressure on the economy, increased key policy rate by 25 basis points (bps) to 6 percent for the next two months. SBP has raised policy rate for firs
Published 27 Jan, 2018 12:00am
Policy rate raised by 25 bps to 6 percent
Exchange

Policy rate raised by 25 bps to 6 percent

The State Bank of Pakistan (SBP) on Friday, taking a precautionary measure ahead of expected inflationary pressure on the economy, increased key policy rate by 25 basis points (bps) to 6 percent for the next two months. SBP has raised policy rate for firs
Published 27 Jan, 2018 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (January 26, 2018).

Published 27 Jan, 2018 12:00am
Forex market: US fines BNP Paribas $90 million for price fixing
Exchange

Forex market: US fines BNP Paribas $90 million for price fixing

BNP Paribas pleaded guilty to conspiring to fix the foreign exchange market and agreed to pay a $90 million criminal fine to settle the case, the US Justice Department announced Friday. The big French bank worked to fix prices of the currencies of Central
Published 27 Jan, 2018 12:00am
Forex market: US fines BNP Paribas $90 million for price fixing
Exchange

Forex market: US fines BNP Paribas $90 million for price fixing

BNP Paribas pleaded guilty to conspiring to fix the foreign exchange market and agreed to pay a $90 million criminal fine to settle the case, the US Justice Department announced Friday. The big French bank worked to fix prices of the currencies of Central
Published 27 Jan, 2018 12:00am
Forex market: US fines BNP Paribas $90 million for price fixing
Exchange

Forex market: US fines BNP Paribas $90 million for price fixing

BNP Paribas pleaded guilty to conspiring to fix the foreign exchange market and agreed to pay a $90 million criminal fine to settle the case, the US Justice Department announced Friday. The big French bank worked to fix prices of the currencies of Central
Published 27 Jan, 2018 12:00am
THE RUPEE: rates steady
Currency

THE RUPEE: rates steady

A kind of firmness prevailed on the money market on Friday as the rupee held present levels against the dollar on Friday in the process of trading activity, dealers said. According to reports, the State Bank of Pakistan (SBP) on Friday raised its policy r
Published 27 Jan, 2018 12:00am
THE RUPEE: rates steady
Currency

THE RUPEE: rates steady

A kind of firmness prevailed on the money market on Friday as the rupee held present levels against the dollar on Friday in the process of trading activity, dealers said. According to reports, the State Bank of Pakistan (SBP) on Friday raised its policy r
Published 27 Jan, 2018 12:00am
US hits Russian deputy minister, energy firms with sanctions

US hits Russian deputy minister, energy firms with sanctions

The United States added Russian officials and energy firms to a sanctions blacklist on Friday, days before details of further possible penalties against Moscow are due to be released. Washington could release reports as early as Monday laying out the poss
Published 27 Jan, 2018 12:00am
US hits Russian deputy minister, energy firms with sanctions

US hits Russian deputy minister, energy firms with sanctions

The United States added Russian officials and energy firms to a sanctions blacklist on Friday, days before details of further possible penalties against Moscow are due to be released. Washington could release reports as early as Monday laying out the poss
Published 27 Jan, 2018 12:00am
US hits Russian deputy minister, energy firms with sanctions

US hits Russian deputy minister, energy firms with sanctions

The United States added Russian officials and energy firms to a sanctions blacklist on Friday, days before details of further possible penalties against Moscow are due to be released. Washington could release reports as early as Monday laying out the poss
Published 27 Jan, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (January 26, 2018).

Published 27 Jan, 2018 12:00am
New US sanctions target Taliban, Haqqani financiers

New US sanctions target Taliban, Haqqani financiers

The US warned Pakistan Thursday to do more to crack down on the Taliban and Haqqani groups, as it added six officials from the groups to its sanctions blacklist. The Treasury said five of the six were in charge of raising and transferring funds as well as
Published 27 Jan, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (January 26, 2018).

Published 27 Jan, 2018 12:00am
New US sanctions target Taliban, Haqqani financiers

New US sanctions target Taliban, Haqqani financiers

The US warned Pakistan Thursday to do more to crack down on the Taliban and Haqqani groups, as it added six officials from the groups to its sanctions blacklist. The Treasury said five of the six were in charge of raising and transferring funds as well as
Published 27 Jan, 2018 12:00am
Police raid Moscow cinema for showing banned 'Death of Stalin'

Police raid Moscow cinema for showing banned 'Death of Stalin'

Russian police on Friday raided a Moscow cinema after it screened British comedy "Death of Stalin" in defiance of an official ban. The culture ministry withdrew permission for British director Armando Iannucci's film, which satirises the death of the dict
Published 27 Jan, 2018 12:00am
Police raid Moscow cinema for showing banned 'Death of Stalin'

Police raid Moscow cinema for showing banned 'Death of Stalin'

Russian police on Friday raided a Moscow cinema after it screened British comedy "Death of Stalin" in defiance of an official ban. The culture ministry withdrew permission for British director Armando Iannucci's film, which satirises the death of the dict
Published 27 Jan, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (January 26, 2018)

Published 27 Jan, 2018 12:00am
Dar purchased plot from actress Deeba: prosecution witness

Dar purchased plot from actress Deeba: prosecution witness

A prosecution witness Friday produced details of 15 bank accounts of former Finance Minister Muhammad Ishaq Dar, his wife and his companies before the Accountability Court hearing a corruption reference against him.
Published 27 Jan, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (January 26, 2018).

Published 27 Jan, 2018 12:00am
Dar purchased plot from actress Deeba: prosecution witness

Dar purchased plot from actress Deeba: prosecution witness

A prosecution witness Friday produced details of 15 bank accounts of former Finance Minister Muhammad Ishaq Dar, his wife and his companies before the Accountability Court hearing a corruption reference against him.
Published 27 Jan, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (January 26, 2018).

Published 27 Jan, 2018 12:00am
'Online buying, selling of goods gaining popularity in Pakistan'

'Online buying, selling of goods gaining popularity in Pakistan'

E-commerce, an online buying and selling of goods; is gaining popularity in Pakistan, but has yet to witness a boom that the western countries has seen; however online businesses platforms are growing in the country and cheetay.pk is one of the latest ent
Published 27 Jan, 2018 12:00am
Wapda chief, French envoy discuss various projects

Wapda chief, French envoy discuss various projects

Pakistan Water and Power Development Authority (Wapda) Chairman Lieutenant General Muzammil Hussain (retd) Friday called on French Ambassador to Pakistan Marc Barety and discussed with him the matters relating to mutual cooperation for optimal utilization
Published 27 Jan, 2018 12:00am
Inflation to be serious threat to economy: APBF

Inflation to be serious threat to economy: APBF

The All Pakistan Business Forum has said that target of taking exports to $35 billion by 2020 is much below the Pakistan's export potential, asking the planners to also facilitate non-textile exporters to ensure sustainable increase because this sector ca
Published 27 Jan, 2018 12:00am
US cotton bodies pledge contributions to CCI activities
Cotton

US cotton bodies pledge contributions to CCI activities

Ten US cotton organisations have pledged industry contributions in 2018 to support the demand-building activities of Cotton Council International (CCI), the National Cotton Council's (NCC) export promotion arm, headquartered in Washington, D.C. "Our growe
Published 27 Jan, 2018 12:00am
Haier declared No 1 global brand in home appliances

Haier declared No 1 global brand in home appliances

Haier has set a blistering pace in the world market, becoming the first brand to outsell all other brands of home appliances for a record 9th consecutive year. Data released by Euromonitor, the world's most authoritative market research institution puts H
Published 27 Jan, 2018 12:00am
Several social welfare projects introduced in Punjab: minister

Several social welfare projects introduced in Punjab: minister

Provincial Minister for Finance Dr Ayesha Ghaus Pasha has said that Punjab government has introduced a number of social protection projects worth billions of rupees in different departments of the province which include Danish school, Education Endowment
Published 27 Jan, 2018 12:00am
President raises issue of prisoner Zulfiqar with Indonesian President

President raises issue of prisoner Zulfiqar with Indonesian President

President Mamnoon Hussain has raised the issue of Pakistani prisoner Zulfiqar Ali, who is languishing in Indonesian jail, with Indonesian President Joko Widodo. President Mamnoon raised this issue at a meeting with Indonesian President Widodo here at the
Published 27 Jan, 2018 12:00am
Huge cache of hidden weapons recovered

Huge cache of hidden weapons recovered

Security forces on Friday recovered huge cache of weapons buried underground during a raid in Lower Orakzai. According to details, 48 rocket bullets, 50 missiles, three rocket launchers, 3 anti-tank mines, 12 Rocket-propelled grenades (RPG-7) have been co
Published 27 Jan, 2018 12:00am
KMU budget for year 2017-18 approved

KMU budget for year 2017-18 approved

The Senate of Khyber Medical University (KMU) Peshawar has approved budget of the university for the fiscal year 2017-18. The 11th Senate meeting was chaired by Governor Khyber Pakhtunkhwa, and Chancellor of the University, Engr Iqbal Zafar Jhagra here on
Published 27 Jan, 2018 12:00am
Usman Bajwa made CDA chief

Usman Bajwa made CDA chief

The federal government appointed Director General Immigration and Passports Usman Bajwa as chairman Capital Development Authority (CDA) on Friday. The Cabinet Division approved the summary for Bajwa's appointment forwarded by the Establishment Division, a
Published 27 Jan, 2018 12:00am
IHC directs government to appoint PTA chairman

IHC directs government to appoint PTA chairman

The Islamabad High Court (IHC) on Friday directed the federal government to appoint Pakistan Telecommunication Authority (PTA) chairman and member finance in a written order regarding the uploading of sacrilegious material on social media case. Justice Sh
Published 27 Jan, 2018 12:00am
Bid to smuggle narcotics foiled

Bid to smuggle narcotics foiled

Khasadar force foiled an attempt of smuggling of narcotics from tribal region to Peshawar by recovering huge cache of hashish and opium from a Peshawar bound vehicle at Bagyari checkpoint, Jamrud Khyber Agency on Friday. Line Officer, Jamrud Tehseenullah
Published 27 Jan, 2018 12:00am
Gepco staffers' deaths condoled

Gepco staffers' deaths condoled

23 linemen/meter readers of Gujranwala Electric Power Company (GEPCO) died in electrical accidents while performing their duties due to non-adherence of safety procedures. Chief Executive GEPCO Muhammad Zahid Saleem held a condolence meeting with the bere
Published 27 Jan, 2018 12:00am
PDWP approves four uplift schemes

PDWP approves four uplift schemes

The Punjab Provincial Development Working Party (PDWP) approved four welfare schemes of Health & Local Government sectors with an estimated cost of Rs 1760.949 million in the 48th meeting of current fiscal year presided over by Chairman P&D Muhammad Jahan
Published 27 Jan, 2018 12:00am
Trade bodies meet Haroon to mull budget proposals

Trade bodies meet Haroon to mull budget proposals

Office-bearers and representatives of various trade associations met Special Assistant to PM on Revenue/Federal Minister Haroon Akhtar Khan here at FBR House to discuss with him various proposals aimed at further facilitating the business community and bo
Published 27 Jan, 2018 12:00am
Democracy offers bulwark against terrorism: Dastgir

Democracy offers bulwark against terrorism: Dastgir

Federal Minister for Defense, Khurram Dastgir Khan, has said that democracy is the biggest bulwark against terrorism. He briefed the experts about Pakistan's contribution in war against terrorism at Egmont Institute, Royal Institute for International Rela
Published 27 Jan, 2018 12:00am
Punjab government rejects TV anchor's claim
Currency

Punjab government rejects TV anchor's claim

Punjab government spokesman Malik Muhammad Ahmed Khan said on Friday that the State Bank of Pakistan (SBP) has said that no foreign currency commercial bank accounts of the accused were found. He made these remarks during a press conference at the Civil S
Published 27 Jan, 2018 12:00am
PM's decision of including four women in WEF's team lauded

PM's decision of including four women in WEF's team lauded

The Pakistan Business Council (PBC) congratulated Prime Minister Shahid Khakan Abassi on including four women amongst the seven representing Pakistan at the World Economic Forum at Davos. Against an average female representation of 21%, Pakistan's 60% is
Published 27 Jan, 2018 12:00am
Trade bodies meet Haroon to mull budget proposals

Trade bodies meet Haroon to mull budget proposals

Office-bearers and representatives of various trade associations met Special Assistant to PM on Revenue/Federal Minister Haroon Akhtar Khan here at FBR House to discuss with him various proposals aimed at further facilitating the business community and bo
Published 27 Jan, 2018 12:00am