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Print - 2018-03-29
LLP firms to get reservations of their names with SECP
Exchange

LLP firms to get reservations of their names with SECP

The new Limited Liability Partnership (LLP), intended to get registration with the Securities and Exchange Commission of Pakistan (SECP), would not be allowed to use names suggesting association with any political personality, international bodies, foreig
Published 29 Mar, 2018 12:00am
Partly Facetious: May's response

Partly Facetious: May's response

"Theresa May has been successful in selling her narrative to the international community. You have to give her credit for this - I mean there was circumstantial evidence but no solid irrefutable proof."
Published 29 Mar, 2018 12:00am
Circular debt settlement plan hits snags

Circular debt settlement plan hits snags

Power Division's circular debt settlement plan has reportedly hit snags as the Auditor General of Pakistan (AGP) is reluctant to conduct pre-audit of IPPs invoices make payment of Rs 80 billion, well informed sources told Business Recorder.
Published 29 Mar, 2018 12:00am
Nafisa Shah invites women to join PPP

Nafisa Shah invites women to join PPP

Secretary Information Pakistan Peoples Party Parliamentarians Dr Nafisa Shah has asked the women of the country to join the PPP as this is the party which guarantees to deliver the rights of women.
Published 29 Mar, 2018 12:00am
Farooq challenges ECP's ruling in IHC

Farooq challenges ECP's ruling in IHC

The beleaguered Muttahida Qaumi Movement-Pakistan (MQM-P) leader Dr Farooq Sattar Wednesday challenged Election Commission of Pakistan's (ECP) ruling in convener-ship case in Islamabad High Court.
Published 29 Mar, 2018 12:00am
Even star witness speaks in favour of Nawaz: Marriyum

Even star witness speaks in favour of Nawaz: Marriyum

Minister of state for Information, Broadcasting, National History and Literary Heritage Ms. Marriyum Aurangzeb talking to the media outside Ehtesab Court here on Wednesday said even the star witness in the Avenfield Property case Wajid Zia while recording
Published 29 Mar, 2018 12:00am
NAB authorises inquiries, references

NAB authorises inquiries, references

Chairman National Accountability Bureau (NAB), former Justice Javed Iqbal chaired the Executive Board meeting of NAB which was held at NAB Headquarters. The meeting authorized various inquiries, investigations, verifications and filing of reference agains
Published 29 Mar, 2018 12:00am
Two killed in RAWALPindi district court firing

Two killed in RAWALPindi district court firing

Two people were killed in firing of armed men in jurisdiction of district court here on Wednesday. Police said that armed men sprayed bullets at opponents who had come to district court to pursue a case. As a result of firing two people were killed on the
Published 29 Mar, 2018 12:00am
National security: NSA for adopting comprehensive outlook

National security: NSA for adopting comprehensive outlook

National Security Adviser Lieutenant General Nasser Khan Janjua (retd) Wednesday underscored the need for adopting a comprehensive outlook on national security to deal with the non-traditional security challenges to the country.
Published 29 Mar, 2018 12:00am
Irregularities worth Rs 508 billion detected in NHA accounts, PAC told

Irregularities worth Rs 508 billion detected in NHA accounts, PAC told

Hailing the performance of National Highway Authority (NHA) for timely completing a number of projects, especially Lahore-Abdul Hakeem Motorway section, the Public Accounts Committee (PAC) has advised the NHA to bring more transparency and eliminate irreg
Published 29 Mar, 2018 12:00am
MCCs and CCCs to remain open till 8 pm on March 30

MCCs and CCCs to remain open till 8 pm on March 30

The Federal Board of Revenue (FBR) Wednesday announced that all Model Customs Collectorates (MCCs) and Chief Collectors of Customs(CCCs) will remain open and observe extended working hours till 08:00 pm on March 30, 2018 (Friday) and till 10:00 pm on Marc
Published 29 Mar, 2018 12:00am
MMA's electoral prospects

MMA's electoral prospects

It is quite interesting to note that the newly-revived Muttahida Majlis-e-Amal is quite confident about its electoral prospects. The question whether or not the religious alliance would fare better in the 2018 general elections as compared to the 2002 pol
Published 29 Mar, 2018 12:00am
Rate futures volumes surpass Treasuries as market evolves

Rate futures volumes surpass Treasuries as market evolves

Trading volumes in interest rate futures have overtaken those in US Treasuries for the first time and look on track for further growth. The popularity of futures reflects an evolving market which is drawing in new participants many of whom prefer anonymou
Published 29 Mar, 2018 12:00am
Reforming foreign exchange regime - IV
Exchange

Reforming foreign exchange regime - IV

Before giving our recommendations to reform the forex regime, let's share one more occasion regarding how powerful lobbies have consistently thwarted efforts to reform the Protection of the Economic Reforms Act (PERA), 1992. A senior FBR officer has narra
Published 29 Mar, 2018 12:00am
To retire is to die?

To retire is to die?

If they were government servants our entire political leadership would have stood compulsorily retired long ago. Our civil service friends tell us it is called 'superannuation': you turn sixty and you are pensioned off. We are also told extensions (loyalt
Published 29 Mar, 2018 12:00am
MQM: Factionalism tearing the party apart

MQM: Factionalism tearing the party apart

Where does Muttahida Qaumi Movement (MQM)-Pakistan, a party that has been dominating urban Sindh's political landscape since the mid-1980s, find itself on the eve of the 2018 general elections? What are its electoral prospects? How will the electorate in
Published 29 Mar, 2018 12:00am
EAC: Why now?
Exchange

EAC: Why now?

Prime Minister Shahid Khaqan Abbasi constituted an Economic Advisory Council (EAC) on 27 March - exactly one month prior to the budget 2018-19 speech in the National Assembly scheduled for 27 April as per the Advisor to the Prime Minister on Finance, Reve
Published 29 Mar, 2018 12:00am
The Weather

The Weather

The weather report on Wednesday (March 28, 2018) and the forecast for Thursday (March 29, 2018).

Published 29 Mar, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (March 28, 2018).

Published 29 Mar, 2018 12:00am
Kim shows unity with Xi in first foreign trip

Kim shows unity with Xi in first foreign trip

North Korean leader Kim Jong Un was given a lavish welcome by Chinese President Xi Jinping during a secretive trip to Beijing as both sides try to repair frayed relations before Pyongyang's landmark summits with Seoul and Washington.
Published 29 Mar, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (March 28, 2018).

Published 29 Mar, 2018 12:00am
Kim shows unity with Xi in first foreign trip

Kim shows unity with Xi in first foreign trip

North Korean leader Kim Jong Un was given a lavish welcome by Chinese President Xi Jinping during a secretive trip to Beijing as both sides try to repair frayed relations before Pyongyang's landmark summits with Seoul and Washington.
Published 29 Mar, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (March 28, 2018)

Published 29 Mar, 2018 12:00am
Indian billionaire proposes funding Facebook rival

Indian billionaire proposes funding Facebook rival

An Indian billionaire who promised to help fund a rival to Facebook said Wednesday he had been "overwhelmed" with the response as the world grapples with concerns about data privacy. Anand Mahindra, whose Mahindra Group business empire spans everything fr
Published 29 Mar, 2018 12:00am
Indian billionaire proposes funding Facebook rival

Indian billionaire proposes funding Facebook rival

An Indian billionaire who promised to help fund a rival to Facebook said Wednesday he had been "overwhelmed" with the response as the world grapples with concerns about data privacy. Anand Mahindra, whose Mahindra Group business empire spans everything fr
Published 29 Mar, 2018 12:00am
Indian billionaire proposes funding Facebook rival

Indian billionaire proposes funding Facebook rival

An Indian billionaire who promised to help fund a rival to Facebook said Wednesday he had been "overwhelmed" with the response as the world grapples with concerns about data privacy. Anand Mahindra, whose Mahindra Group business empire spans everything fr
Published 29 Mar, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (March 28, 2018).

Published 29 Mar, 2018 12:00am
Petition against US embassy expansion dismissed

Petition against US embassy expansion dismissed

The Supreme Court on Wednesday dismissed a petition, challenging the expansion of the US Embassy in the federal capital, by declaring it non-maintainable. A three-member bench headed by Chief Justice Mian Saqib Nisar heard the petition against the expansi
Published 29 Mar, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (March 28, 2018).

Published 29 Mar, 2018 12:00am
Petition against US embassy expansion dismissed

Petition against US embassy expansion dismissed

The Supreme Court on Wednesday dismissed a petition, challenging the expansion of the US Embassy in the federal capital, by declaring it non-maintainable. A three-member bench headed by Chief Justice Mian Saqib Nisar heard the petition against the expansi
Published 29 Mar, 2018 12:00am
THE RUPEE: rates tumble in open market
Currency

THE RUPEE: rates tumble in open market

The rupee fell sharply against the dollar in the open market on Wednesday, while the national currency did not show any visible change in the inter-bank market, money experts said. They attributed the surge in the value of the dollar to strong demand by t
Published 29 Mar, 2018 12:00am
THE RUPEE: rates tumble in open market
Currency

THE RUPEE: rates tumble in open market

The rupee fell sharply against the dollar in the open market on Wednesday, while the national currency did not show any visible change in the inter-bank market, money experts said. They attributed the surge in the value of the dollar to strong demand by t
Published 29 Mar, 2018 12:00am
ISPR chief explains 'Bajwa doctrine'

ISPR chief explains 'Bajwa doctrine'

Director General Inter-Services Public Relations (ISPR), Major General Asif Ghafoor Wednesday clarified if a "Bajwa doctrine" exists then it is only within the parameters of security and stability of Pakistan. Dismissing misinterpretations regarding the '
Published 29 Mar, 2018 12:00am
ISPR chief explains 'Bajwa doctrine'

ISPR chief explains 'Bajwa doctrine'

Director General Inter-Services Public Relations (ISPR), Major General Asif Ghafoor Wednesday clarified if a "Bajwa doctrine" exists then it is only within the parameters of security and stability of Pakistan. Dismissing misinterpretations regarding the '
Published 29 Mar, 2018 12:00am
China to upgrade PAF fighter jets

China to upgrade PAF fighter jets

China will upgrade Pakistan Air Force JF-17 fighter jets with a world-class radar system that will substantially improve the combat capability of the aircraft, China Daily reported quoting a top Chinese radar researcher on Wednesday. Hu Mingchun, Head of
Published 29 Mar, 2018 12:00am
China to upgrade PAF fighter jets

China to upgrade PAF fighter jets

China will upgrade Pakistan Air Force JF-17 fighter jets with a world-class radar system that will substantially improve the combat capability of the aircraft, China Daily reported quoting a top Chinese radar researcher on Wednesday. Hu Mingchun, Head of
Published 29 Mar, 2018 12:00am
Top US diplomat arrives

Top US diplomat arrives

Principal Deputy Assistant Secretary for South and Central Asia of the US, Alice Wells arrived here on Wednesday for holding talks with Pakistani leadership on issues of mutual interest, especially on the peace process in Afghanistan. Diplomatic sources t
Published 29 Mar, 2018 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (March 28, 2018).

Published 29 Mar, 2018 12:00am
Top US diplomat arrives

Top US diplomat arrives

Principal Deputy Assistant Secretary for South and Central Asia of the US, Alice Wells arrived here on Wednesday for holding talks with Pakistani leadership on issues of mutual interest, especially on the peace process in Afghanistan. Diplomatic sources t
Published 29 Mar, 2018 12:00am
Infrastructure, highways, roads and bridges: Spending Declines

Infrastructure, highways, roads and bridges: Spending Declines

The rise in spending on law and order by the federal and provincial governments led to a decline in government spending on infrastructure, highways, roads and bridges. The Poverty Reduction Strategy Paper (PRSP-II) up to second quarter of fiscal year 2017
Published 29 Mar, 2018 12:00am
Infrastructure, highways, roads and bridges: Spending Declines

Infrastructure, highways, roads and bridges: Spending Declines

The rise in spending on law and order by the federal and provincial governments led to a decline in government spending on infrastructure, highways, roads and bridges. The Poverty Reduction Strategy Paper (PRSP-II) up to second quarter of fiscal year 2017
Published 29 Mar, 2018 12:00am
Infrastructure, highways, roads and bridges: Spending Declines

Infrastructure, highways, roads and bridges: Spending Declines

The rise in spending on law and order by the federal and provincial governments led to a decline in government spending on infrastructure, highways, roads and bridges. The Poverty Reduction Strategy Paper (PRSP-II) up to second quarter of fiscal year 2017
Published 29 Mar, 2018 12:00am
BRIndex100 advances
Exchange

BRIndex100 advances

Pakistan Stock Exchange (PSX) Wednesday showed some recovery led by cement, banking and auto sector scrips. BRIndex100 gained 22.26 points or 0.46 percent to 4,906.26 points compared to 4,884.00 points Tuesday. BRIndex100 touched intraday high of 4,910.31
Published 29 Mar, 2018 12:00am
BRIndex100 advances
Exchange

BRIndex100 advances

Pakistan Stock Exchange (PSX) Wednesday showed some recovery led by cement, banking and auto sector scrips. BRIndex100 gained 22.26 points or 0.46 percent to 4,906.26 points compared to 4,884.00 points Tuesday. BRIndex100 touched intraday high of 4,910.31
Published 29 Mar, 2018 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 29 Mar, 2018 12:00am
BRIndex100 advances
Exchange

BRIndex100 advances

Pakistan Stock Exchange (PSX) Wednesday showed some recovery led by cement, banking and auto sector scrips. BRIndex100 gained 22.26 points or 0.46 percent to 4,906.26 points compared to 4,884.00 points Tuesday. BRIndex100 touched intraday high of 4,910.31
Published 29 Mar, 2018 12:00am
Board Meetings
Exchange

Board Meetings

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 29 Mar, 2018 12:00am
Plan prepared to revive defunct Pepco

Plan prepared to revive defunct Pepco

Power Division has reportedly prepared a plan to revive the defunct Pakistan Electric Power Company (Pepco) aimed at controlling the unbridled Distribution Companies (Discos) and implementing prompt decisions, well informed sources told Business Record
Published 29 Mar, 2018 12:00am
Plan prepared to revive defunct Pepco

Plan prepared to revive defunct Pepco

Power Division has reportedly prepared a plan to revive the defunct Pakistan Electric Power Company (Pepco) aimed at controlling the unbridled Distribution Companies (Discos) and implementing prompt decisions, well informed sources told Business Record
Published 29 Mar, 2018 12:00am
Plan prepared to revive defunct Pepco

Plan prepared to revive defunct Pepco

Power Division has reportedly prepared a plan to revive the defunct Pakistan Electric Power Company (Pepco) aimed at controlling the unbridled Distribution Companies (Discos) and implementing prompt decisions, well informed sources told Business Record
Published 29 Mar, 2018 12:00am
Nawaz steps up criticism of CJP

Nawaz steps up criticism of CJP

Stepping up criticism of judiciary, former Prime Minister Nawaz Sharif Wednesday said that Chief Justice Mian Saqib Nisar ought to focus only on issues that fall under his domain.
Published 29 Mar, 2018 12:00am
Nawaz steps up criticism of CJP

Nawaz steps up criticism of CJP

Stepping up criticism of judiciary, former Prime Minister Nawaz Sharif Wednesday said that Chief Justice Mian Saqib Nisar ought to focus only on issues that fall under his domain.
Published 29 Mar, 2018 12:00am
Avenfield properties: key prosecution witness comes to Nawaz's rescue?

Avenfield properties: key prosecution witness comes to Nawaz's rescue?

Key prosecution witness Wajid Zia on Wednesday told the Accountability Court, which is hearing corruption cases against the Sharif family members, that Joint Investigation Team (JIT) did not have any document to prove that former Prime Minister Nawaz Shar
Published 29 Mar, 2018 12:00am
Avenfield properties: key prosecution witness comes to Nawaz's rescue?

Avenfield properties: key prosecution witness comes to Nawaz's rescue?

Key prosecution witness Wajid Zia on Wednesday told the Accountability Court, which is hearing corruption cases against the Sharif family members, that Joint Investigation Team (JIT) did not have any document to prove that former Prime Minister Nawaz Shar
Published 29 Mar, 2018 12:00am
Government given month to bring Haqqani back

Government given month to bring Haqqani back

The Supreme Court on Wednesday granted one-month time to the federal government to bring back Husain Haqqani, former Pakistani Ambassador to the US, saying the deadline is final as no excuse will be accepted once it is over. A three-member bench headed by
Published 29 Mar, 2018 12:00am
Government given month to bring Haqqani back

Government given month to bring Haqqani back

The Supreme Court on Wednesday granted one-month time to the federal government to bring back Husain Haqqani, former Pakistani Ambassador to the US, saying the deadline is final as no excuse will be accepted once it is over. A three-member bench headed by
Published 29 Mar, 2018 12:00am
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