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Print - 2018-02-20
Troops for Saudi Arabia: minister fails to satisfy Senate
Exchange

Troops for Saudi Arabia: minister fails to satisfy Senate

Defence Minister Khurram Dastgir Khan on Monday faced tough questions in Senate while giving a "dissatisfactory" statement before the House about sending troops to Saudi Arabia. The Defence Minister, who was summoned by the Senate chief to brief the House
Published 20 Feb, 2018 12:00am
Troops for Saudi Arabia: minister fails to satisfy Senate
Exchange

Troops for Saudi Arabia: minister fails to satisfy Senate

Defence Minister Khurram Dastgir Khan on Monday faced tough questions in Senate while giving a "dissatisfactory" statement before the House about sending troops to Saudi Arabia. The Defence Minister, who was summoned by the Senate chief to brief the House
Published 20 Feb, 2018 12:00am
Sindh cabinet decides to oppose move

Sindh cabinet decides to oppose move

The Sindh Cabinet has decided to strongly oppose the privatization of Pakistan International Airlines (PIA), Pakistan Steel Mills (PSM) and Lakhra Coal Power Plant. The Cabinet meeting held on Monday presided over by Sindh Chief Minister Syed Murad Ali Sh
Published 20 Feb, 2018 12:00am
Sindh cabinet decides to oppose move

Sindh cabinet decides to oppose move

The Sindh Cabinet has decided to strongly oppose the privatization of Pakistan International Airlines (PIA), Pakistan Steel Mills (PSM) and Lakhra Coal Power Plant. The Cabinet meeting held on Monday presided over by Sindh Chief Minister Syed Murad Ali Sh
Published 20 Feb, 2018 12:00am
Sindh cabinet decides to oppose move

Sindh cabinet decides to oppose move

The Sindh Cabinet has decided to strongly oppose the privatization of Pakistan International Airlines (PIA), Pakistan Steel Mills (PSM) and Lakhra Coal Power Plant. The Cabinet meeting held on Monday presided over by Sindh Chief Minister Syed Murad Ali Sh
Published 20 Feb, 2018 12:00am
Saudi Arabia to host first Arab Fashion Week

Saudi Arabia to host first Arab Fashion Week

Saudi Arabia is set to host in March its first ever Arab Fashion Week, the Arab Fashion Council announced Monday, overturning decades of draconian policies on arts and entertainment. Crown Prince Mohammed bin Salman, the powerful heir to the Saudi throne,
Published 20 Feb, 2018 12:00am
Saudi Arabia to host first Arab Fashion Week

Saudi Arabia to host first Arab Fashion Week

Saudi Arabia is set to host in March its first ever Arab Fashion Week, the Arab Fashion Council announced Monday, overturning decades of draconian policies on arts and entertainment. Crown Prince Mohammed bin Salman, the powerful heir to the Saudi throne,
Published 20 Feb, 2018 12:00am
BRIndex100 jittery
Exchange

BRIndex100 jittery

Pakistan Stock Exchange Monday witnessed a mixed trend before closing in negative zone due to selling, mainly by local investors. BRIndex100 lost 3.83 points or 0.08 percent to close at 4,675.35 points. BRIndex100 touched intraday high of 4,720.22 and int
Published 20 Feb, 2018 12:00am
BRIndex100 jittery
Exchange

BRIndex100 jittery

Pakistan Stock Exchange Monday witnessed a mixed trend before closing in negative zone due to selling, mainly by local investors. BRIndex100 lost 3.83 points or 0.08 percent to close at 4,675.35 points. BRIndex100 touched intraday high of 4,720.22 and int
Published 20 Feb, 2018 12:00am
BRIndex100 jittery
Exchange

BRIndex100 jittery

Pakistan Stock Exchange Monday witnessed a mixed trend before closing in negative zone due to selling, mainly by local investors. BRIndex100 lost 3.83 points or 0.08 percent to close at 4,675.35 points. BRIndex100 touched intraday high of 4,720.22 and int
Published 20 Feb, 2018 12:00am
PM for debate on role of institutions

PM for debate on role of institutions

Prime Minister Shahid Khaqan Abbasi on Monday urged National Assembly to debate on role and constitutional limits of the institutions and supremacy of the parliament to avoid any sort of confrontation that may cause harm to the country. Speaking on the fl
Published 20 Feb, 2018 12:00am
Board Meetings
Exchange

Board Meetings

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 20 Feb, 2018 12:00am
PM for debate on role of institutions

PM for debate on role of institutions

Prime Minister Shahid Khaqan Abbasi on Monday urged National Assembly to debate on role and constitutional limits of the institutions and supremacy of the parliament to avoid any sort of confrontation that may cause harm to the country. Speaking on the fl
Published 20 Feb, 2018 12:00am
Two Indian troops killed in retaliatory LoC fire

Two Indian troops killed in retaliatory LoC fire

Pakistan Army's retaliatory fire across the border after unprovoked Indian firing at the Line of Control (LoC) left two Indian soldiers killed while a check post was destroyed. Pakistan military retaliated Indian fire that claimed life of an eight-year-ol
Published 20 Feb, 2018 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 20 Feb, 2018 12:00am
SC issues notice to Daniyal

SC issues notice to Daniyal

The Supreme Court on Monday issued a show-cause notice to Pakistan Muslim League-Nawaz (PML-N) leader Daniyal Aziz in a contempt notice over statements against the judiciary. A three-member bench led by Justice Azmat Saeed Sheikh issued show-cause notice
Published 20 Feb, 2018 12:00am
Avenfield case: NAB deputy prosecutor leaves for London

Avenfield case: NAB deputy prosecutor leaves for London

National Accountability Bureau's Deputy Prosecutor General Muzaffar Abbasi has left for London on an official visit, the anti-graft body's officials said on Monday. According to NAB officials, the prosecution team's head in the references against Nawaz Sh
Published 20 Feb, 2018 12:00am
Clubbing of corruption cases: CJP to hear Nawaz's appeal on February 21

Clubbing of corruption cases: CJP to hear Nawaz's appeal on February 21

Chief Justice of Pakistan (CJP) Mian Saqib Nisar is set to hear disqualified premier Nawaz Sharif's chamber appeal on February 21 against Registrar Office's objections concerning his request to consolidate three corruption references against him. The peti
Published 20 Feb, 2018 12:00am
Tessori out as nine MQM-P candidates withdraw from Senate elections

Tessori out as nine MQM-P candidates withdraw from Senate elections

Nine of the fifteen candidates of the two separate factions of the Muttahida Quami Movement - Pakistan (MQM-P), including Karman Tessori, have withdrawn their nomination papers and dropped out of the upcoming Senate elections. The internal rift which emer
Published 20 Feb, 2018 12:00am
Aziz elevated to CEO Group Financial Institutions, Habib Bank AG Zurich

Aziz elevated to CEO Group Financial Institutions, Habib Bank AG Zurich

Sirajuddin Aziz has been elevated as the CEO Group Financial Institutions, along with being entrusted with other responsibilities in Habib Bank AG Zurich Group. Aziz has served as president and CEO of HabibMetro Bank since 2012. In his tenure at the helm
Published 20 Feb, 2018 12:00am
Aziz elevated to CEO Group Financial Institutions, Habib Bank AG Zurich

Aziz elevated to CEO Group Financial Institutions, Habib Bank AG Zurich

Sirajuddin Aziz has been elevated as the CEO Group Financial Institutions, along with being entrusted with other responsibilities in Habib Bank AG Zurich Group. Aziz has served as president and CEO of HabibMetro Bank since 2012. In his tenure at the helm
Published 20 Feb, 2018 12:00am
Aziz elevated to CEO Group Financial Institutions, Habib Bank AG Zurich

Aziz elevated to CEO Group Financial Institutions, Habib Bank AG Zurich

Sirajuddin Aziz has been elevated as the CEO Group Financial Institutions, along with being entrusted with other responsibilities in Habib Bank AG Zurich Group. Aziz has served as president and CEO of HabibMetro Bank since 2012. In his tenure at the helm
Published 20 Feb, 2018 12:00am
Senate passes bill to decriminalise attempted suicide

Senate passes bill to decriminalise attempted suicide

Senate on Monday passed a bill seeking treatment of those who attempt suicide and survive rather than punishment under Section 325 of the Pakistan Penal Code (PPC). The bill urges to decriminalise attempted suicide, and instead offers medical treatment an
Published 20 Feb, 2018 12:00am
Senate passes bill to decriminalise attempted suicide

Senate passes bill to decriminalise attempted suicide

Senate on Monday passed a bill seeking treatment of those who attempt suicide and survive rather than punishment under Section 325 of the Pakistan Penal Code (PPC). The bill urges to decriminalise attempted suicide, and instead offers medical treatment an
Published 20 Feb, 2018 12:00am
Purchase of sugarcane crop: SC seeks comprehensive plan by February 21

Purchase of sugarcane crop: SC seeks comprehensive plan by February 21

The Supreme Court on Monday directed Cane Commissioner Punjab and five sugar mills representative to submit a comprehensive plan for purchase of sugarcane crop from South Punjab growers by February 21. A three-member bench led by Chief Justice Mian Saqib
Published 20 Feb, 2018 12:00am
THE RUPEE: easier trend
Currency

THE RUPEE: easier trend

All-round slides were seen on the money market on Monday as the rupee failed to show any improvement versus the dollar in the process of trading, currency experts said. The rupee moved slightly in relation to the dollar for buying and selling at Rs 110.57
Published 20 Feb, 2018 12:00am
Purchase of sugarcane crop: SC seeks comprehensive plan by February 21

Purchase of sugarcane crop: SC seeks comprehensive plan by February 21

The Supreme Court on Monday directed Cane Commissioner Punjab and five sugar mills representative to submit a comprehensive plan for purchase of sugarcane crop from South Punjab growers by February 21. A three-member bench led by Chief Justice Mian Saqib
Published 20 Feb, 2018 12:00am
THE RUPEE: easier trend
Currency

THE RUPEE: easier trend

All-round slides were seen on the money market on Monday as the rupee failed to show any improvement versus the dollar in the process of trading, currency experts said. The rupee moved slightly in relation to the dollar for buying and selling at Rs 110.57
Published 20 Feb, 2018 12:00am
Purchase of sugarcane crop: SC seeks comprehensive plan by February 21

Purchase of sugarcane crop: SC seeks comprehensive plan by February 21

The Supreme Court on Monday directed Cane Commissioner Punjab and five sugar mills representative to submit a comprehensive plan for purchase of sugarcane crop from South Punjab growers by February 21. A three-member bench led by Chief Justice Mian Saqib
Published 20 Feb, 2018 12:00am
700MW plant at Thar: PPIB to issue notice of proceed, LoI to TEPL

700MW plant at Thar: PPIB to issue notice of proceed, LoI to TEPL

Private Power and Infrastructure Board (PPIB) has sought the Board's approval to issue notice of proceed and Letter of Intent (LoI) to Thar Electricity (Private) Limited (TEPL) for establishment of 700MW (2x350) MW plant at Thar Block-VI, official sources
Published 20 Feb, 2018 12:00am
15th convocation of PAF-KIET held

15th convocation of PAF-KIET held

The 15th convocation ceremony of Pakistan Air Force - Karachi Institute of Economics & Technology was held on Friday, 16 February, 2018 at the Convention Centre, PAF Museum, PAF Base Faisal, Karachi. A total of 698 graduates were conferred degrees in the
Published 20 Feb, 2018 12:00am
ADB financing for procurement of 300 locomotives sought

ADB financing for procurement of 300 locomotives sought

Pakistan Railways has sought Asian Development Bank (ADB) financing for procurement of 300 locomotives to meet its operational requirements, official sources revealed. Well-placed sources in the Railways Ministry told Business Recorder that Werner
Published 20 Feb, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (February 19, 2018).

Published 20 Feb, 2018 12:00am
The Weather

The Weather

The weather report on Monday (February 19, 2018) and the forecast for Tuesday (February 20, 2018).

Published 20 Feb, 2018 12:00am
'Benazir showed you can be a mother and prime minister,' writes Bilawal

'Benazir showed you can be a mother and prime minister,' writes Bilawal

"Benazir Bhutto proved beyond a doubt, with her life and relentless courage, that women can certainly do everything," wrote Bilawal Bhutto Zardari in a column penned for The Guardian, published on Monday. In January, it was learnt that New Zealand Prime M
Published 20 Feb, 2018 12:00am
Senate elections: Dar to contest for technocrat seat

Senate elections: Dar to contest for technocrat seat

Former finance minister Ishaq Dar has announced to contest the Senate elections from the seat of technocrat while withdrawing his nomination papers from general seat. Dar filed his nomination papers for both the general as well as technocrat seats. Howeve
Published 20 Feb, 2018 12:00am
Senate stops Fata delimitation process

Senate stops Fata delimitation process

The Senate on Monday asked the government to stop the process of delimitation of constituencies in Federally Administered Tribal Areas (FATA) and conduct the upcoming general elections as per the previous arrangements due to displacement of a large number
Published 20 Feb, 2018 12:00am
Rao Anwar: resolutions against Zardari submitted in Sindh Assembly

Rao Anwar: resolutions against Zardari submitted in Sindh Assembly

A resolution condemning Pakistan Peoples Party Co-chairman Asif Ali Zardari has been submitted in Sindh Assembly on Monday for defending former SSP Malir Rao Anwar. The resolution was tabled by Pakistan Tehreek-e-Insaf's (PTI) Khurram Sher Zaman in which,
Published 20 Feb, 2018 12:00am
Customs value of pipes and pipe fittings revised

Customs value of pipes and pipe fittings revised

Directorate General Customs Valuation (DGCV) has revised the customs values of UPVC, CPVC, PPRC pipes and pipe fittings under section 25 (9) of the Customs Act, 1969. The customs values of UPVC, CPVC, PPRC pipes and pipe fittings were determined vide valu
Published 20 Feb, 2018 12:00am
Humayun Bashir made Chairman of NCCPL board

Humayun Bashir made Chairman of NCCPL board

Humayun Bashir has been elected Chairman of the Board of Directors of National Clearing Company of Pakistan Limited (NCCPL). NCCPL announced the appointment of independent directors and new chairman.
Published 20 Feb, 2018 12:00am
KMBL pre-tax profit increases by 40 percent

KMBL pre-tax profit increases by 40 percent

Khushhali Microfinance Bank Limited (KMBL) announces its financial results for the year 2017 on 14th February 2018 in Islamabad, posting an appreciable growth in bottom line, accompanied with a dividend of Rs 0.53 per share.
Published 20 Feb, 2018 12:00am
KMBL pre-tax profit increases by 40 percent

KMBL pre-tax profit increases by 40 percent

Khushhali Microfinance Bank Limited (KMBL) announces its financial results for the year 2017 on 14th February 2018 in Islamabad, posting an appreciable growth in bottom line, accompanied with a dividend of Rs 0.53 per share.
Published 20 Feb, 2018 12:00am
MCB- Arif Habib signs agreement with Covalent Pvt Ltd
Mutual Funds

MCB- Arif Habib signs agreement with Covalent Pvt Ltd

MCB-Arif Habib Savings and Investments Limited (MCB-AH) has signed an agreement with Covalent Pvt Limited, an Access Group and TPS joint venture to launch Pakistan's first mutual fund with 1LINK enabled PayPak debit card. This technology partnership will
Published 20 Feb, 2018 12:00am
K-E highlights 'friendly initiatives' for industries

K-E highlights 'friendly initiatives' for industries

K-Electric's customer friendly initiatives for industries have reduced the turnaround time for providing new power connection by 30 percent in 2017 as compared to its preceding year. These and other customer-friendly initiatives by KE were also showcased
Published 20 Feb, 2018 12:00am
Readymade garment exports up by 14 percent

Readymade garment exports up by 14 percent

The country's export of readymade garments soared by 14 percent to $1.248 billion in July-December 2017, official figures say. Growth in garments export now stands at $148.690 million in July-December 2017 from $1.100 billion in July-December 2016, Pakist
Published 20 Feb, 2018 12:00am
Fake case: Axact CEO, wife appear before court

Fake case: Axact CEO, wife appear before court

Axact CEO Shoaib Shaikh and his wife have appeared before the additional district and sessions judge (South) after the couple's production orders were issued earlier in the day owing to their no-show in the fake degrees case. As the hearing of the case we
Published 20 Feb, 2018 12:00am
Security forces kill suicide bomber, accomplice in Bajaur Agency

Security forces kill suicide bomber, accomplice in Bajaur Agency

Security forces on Monday foiled a major terror bid in Bajaur Agency and killed two suicide bombers during operation. According to reports, on a tip-off, the security forces conducted a successful raid in Gutki area of Mamoond district. The suicide bomber
Published 20 Feb, 2018 12:00am
KP CM to inaugurate PAF project in Swabi today

KP CM to inaugurate PAF project in Swabi today

A huge project of Pakistan Air Force (PAF) near Indus River in district Swabi would be inaugurated by Khyber Pakhtunkhwa Chief Minister, Pervez Khattak during his visit to the district today, said PTI leader on Monday. PTI leader said that the CM was expe
Published 20 Feb, 2018 12:00am
Grievances of Pakhtuns: Sherpao urges government to take serious notice

Grievances of Pakhtuns: Sherpao urges government to take serious notice

Qaumi Watan Party Chairman Aftab Ahmed Khan Sherpao has urged federal government to take serious notice of step-motherly treatment with Pakhtuns in the country and ensure protection of their lives and properties to overcome increasing unrest among them. T
Published 20 Feb, 2018 12:00am