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Print - 2018-04-17
PM, Saudi king discuss regional security

PM, Saudi king discuss regional security

Prime Minister Shahid Khaqan Abbasi on Monday met with the Saudi Arabia's King Salman bin Abdulaziz Al Saud during the closing ceremony of Gulf Shield-1 in the Saudi city. Matters pertaining to regional security and mutual interest were discussed in the m
Published 17 Apr, 2018 12:00am
PM, Saudi king discuss regional security

PM, Saudi king discuss regional security

Prime Minister Shahid Khaqan Abbasi on Monday met with the Saudi Arabia's King Salman bin Abdulaziz Al Saud during the closing ceremony of Gulf Shield-1 in the Saudi city. Matters pertaining to regional security and mutual interest were discussed in the m
Published 17 Apr, 2018 12:00am
Rs 1.763 trillion development outlay approved by APCC
Currency

Rs 1.763 trillion development outlay approved by APCC

The Annual Plan Coordination Committee (APCC) on Monday approved overall development outlay of Rs1.763 trillion, both for the federal government and provinces, and set GDP growth target for the next fiscal year at 6.2 percent. However, the APCC recommende
Published 17 Apr, 2018 12:00am
Rs 1.763 trillion development outlay approved by APCC
Currency

Rs 1.763 trillion development outlay approved by APCC

The Annual Plan Coordination Committee (APCC) on Monday approved overall development outlay of Rs1.763 trillion, both for the federal government and provinces, and set GDP growth target for the next fiscal year at 6.2 percent. However, the APCC recommende
Published 17 Apr, 2018 12:00am
Rs 1.763 trillion development outlay approved by APCC
Currency

Rs 1.763 trillion development outlay approved by APCC

The Annual Plan Coordination Committee (APCC) on Monday approved overall development outlay of Rs1.763 trillion, both for the federal government and provinces, and set GDP growth target for the next fiscal year at 6.2 percent. However, the APCC recommende
Published 17 Apr, 2018 12:00am
PD seeks additional Rs 200 billion to ensure smooth power supply

PD seeks additional Rs 200 billion to ensure smooth power supply

Power Division has reportedly sought an additional Rs 200 billion from Finance Division for smooth power supply to consumers till September 2018, well-informed sources told Business Recorder. Power Division, sources said, had placed this demand before the
Published 17 Apr, 2018 12:00am
PD seeks additional Rs 200 billion to ensure smooth power supply

PD seeks additional Rs 200 billion to ensure smooth power supply

Power Division has reportedly sought an additional Rs 200 billion from Finance Division for smooth power supply to consumers till September 2018, well-informed sources told Business Recorder. Power Division, sources said, had placed this demand before the
Published 17 Apr, 2018 12:00am
PD seeks additional Rs 200 billion to ensure smooth power supply

PD seeks additional Rs 200 billion to ensure smooth power supply

Power Division has reportedly sought an additional Rs 200 billion from Finance Division for smooth power supply to consumers till September 2018, well-informed sources told Business Recorder. Power Division, sources said, had placed this demand before the
Published 17 Apr, 2018 12:00am
Board Meetings
Exchange

Board Meetings

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 17 Apr, 2018 12:00am
China, Japan vow 'new starting point' in ties

China, Japan vow 'new starting point' in ties

Asian rivals China and Japan on Monday pledged a "new starting point" for bilateral ties, vowing close co-operation amid a flurry of diplomacy on the North Korean missile threat and global trade tensions. Welcoming Chinese Foreign Minister Wang Yi for a r
Published 17 Apr, 2018 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 17 Apr, 2018 12:00am
China, Japan vow 'new starting point' in ties

China, Japan vow 'new starting point' in ties

Asian rivals China and Japan on Monday pledged a "new starting point" for bilateral ties, vowing close co-operation amid a flurry of diplomacy on the North Korean missile threat and global trade tensions. Welcoming Chinese Foreign Minister Wang Yi for a r
Published 17 Apr, 2018 12:00am
China, Japan vow ''new starting point'' in ties

China, Japan vow ''new starting point'' in ties

Asian rivals China and Japan on Monday pledged a "new starting point" for bilateral ties, vowing close co-operation amid a flurry of diplomacy on the North Korean missile threat and global trade tensions. Welcoming Chinese Foreign Minister Wang Yi for a r
Published 17 Apr, 2018 12:00am
China, Japan vow ''''new starting point'''' in ties

China, Japan vow ''''new starting point'''' in ties

Asian rivals China and Japan on Monday pledged a "new starting point" for bilateral ties, vowing close co-operation amid a flurry of diplomacy on the North Korean missile threat and global trade tensions. Welcoming Chinese Foreign Minister Wang Yi for a r
Published 17 Apr, 2018 12:00am
US bans American companies from selling to ZTE

US bans American companies from selling to ZTE

The US Department of Commerce is banning American companies from selling components to leading Chinese telecom equipment maker ZTE Corp for seven years for violating the terms of a sanctions violation case, U.S. officials said on Monday. The Chinese compa
Published 17 Apr, 2018 12:00am
US bans American companies from selling to ZTE

US bans American companies from selling to ZTE

The US Department of Commerce is banning American companies from selling components to leading Chinese telecom equipment maker ZTE Corp for seven years for violating the terms of a sanctions violation case, U.S. officials said on Monday. The Chinese compa
Published 17 Apr, 2018 12:00am
US bans American companies from selling to ZTE

US bans American companies from selling to ZTE

The US Department of Commerce is banning American companies from selling components to leading Chinese telecom equipment maker ZTE Corp for seven years for violating the terms of a sanctions violation case, U.S. officials said on Monday. The Chinese compa
Published 17 Apr, 2018 12:00am
BRIndex100 suffers pruning
Exchange

BRIndex100 suffers pruning

Pakistan Stock Exchange witnessed a bearish trend Monday, mainly due to foreign selling. BRIndex100 lost another 55.31 points or 1.1 percent to close at 4,952.25 points. BRIndex100 touched intraday high of 5,007.67 and intraday low of 4,944.86 points. Vol
Published 17 Apr, 2018 12:00am
BRIndex100 suffers pruning
Exchange

BRIndex100 suffers pruning

Pakistan Stock Exchange witnessed a bearish trend Monday, mainly due to foreign selling. BRIndex100 lost another 55.31 points or 1.1 percent to close at 4,952.25 points. BRIndex100 touched intraday high of 5,007.67 and intraday low of 4,944.86 points. Vol
Published 17 Apr, 2018 12:00am
BRIndex100 suffers pruning
Exchange

BRIndex100 suffers pruning

Pakistan Stock Exchange witnessed a bearish trend Monday, mainly due to foreign selling. BRIndex100 lost another 55.31 points or 1.1 percent to close at 4,952.25 points. BRIndex100 touched intraday high of 5,007.67 and intraday low of 4,944.86 points. Vol
Published 17 Apr, 2018 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

A kind of firmness prevailed on the money market on Monday as the rupee held week-end's levels against the dollar on Monday in the process of trading, money experts said. The rupee was almost inert in terms of the dollar for buying and selling at Rs 115.6
Published 17 Apr, 2018 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

A kind of firmness prevailed on the money market on Monday as the rupee held week-end's levels against the dollar on Monday in the process of trading, money experts said. The rupee was almost inert in terms of the dollar for buying and selling at Rs 115.6
Published 17 Apr, 2018 12:00am
LHC asks Pemra to stop broadcast of anti-judiciary speeches

LHC asks Pemra to stop broadcast of anti-judiciary speeches

The Lahore High Court on Monday directing the Pakistan Electronic Media Regulatory Authority (Pemra) to stop broadcasting anti-judiciary speeches directed to dispose the complaints against Nawaz Sharif, his daughter Maryam Nawaz and other PML-N leaders wi
Published 17 Apr, 2018 12:00am
LHC asks Pemra to stop broadcast of anti-judiciary speeches

LHC asks Pemra to stop broadcast of anti-judiciary speeches

The Lahore High Court on Monday directing the Pakistan Electronic Media Regulatory Authority (Pemra) to stop broadcasting anti-judiciary speeches directed to dispose the complaints against Nawaz Sharif, his daughter Maryam Nawaz and other PML-N leaders wi
Published 17 Apr, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (April 16, 2018).

Published 17 Apr, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (April 16, 2018).

Published 17 Apr, 2018 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (April 16, 2018).

Published 17 Apr, 2018 12:00am
Non-filers to be unable to purchase properties: Miftah

Non-filers to be unable to purchase properties: Miftah

The government has almost finalized broad contours of next fiscal year's budget with an estimated federal outlay of Rs5.6 trillion and revenue collection - tax and non-tax Rs4.5 trillion. This was stated by Advisor to Prime Minister on Finance Dr Miftah I
Published 17 Apr, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (April 16, 2018)

Published 17 Apr, 2018 12:00am
Non-filers to be unable to purchase properties: Miftah

Non-filers to be unable to purchase properties: Miftah

The government has almost finalized broad contours of next fiscal year's budget with an estimated federal outlay of Rs5.6 trillion and revenue collection - tax and non-tax Rs4.5 trillion. This was stated by Advisor to Prime Minister on Finance Dr Miftah I
Published 17 Apr, 2018 12:00am
Non-filers to be unable to purchase properties: Miftah

Non-filers to be unable to purchase properties: Miftah

The government has almost finalized broad contours of next fiscal year''s budget with an estimated federal outlay of Rs5.6 trillion and revenue collection - tax and non-tax Rs4.5 trillion. This was stated by Advisor to Prime Minister on Finance Dr Miftah
Published 17 Apr, 2018 12:00am
Crypto currencies: SBP bar credit positive: Moody's
Exchange

Crypto currencies: SBP bar credit positive: Moody's

Moody's Investors Service said the State Bank of Pakistan (SBP) prohibited banks from dealing in virtual currencies, which is credit positive because it shields Pakistan's banks and other financial service entities from the significant risks that virtual
Published 17 Apr, 2018 12:00am
Crypto currencies: SBP bar credit positive: Moody's
Exchange

Crypto currencies: SBP bar credit positive: Moody's

Moody's Investors Service said the State Bank of Pakistan (SBP) prohibited banks from dealing in virtual currencies, which is credit positive because it shields Pakistan's banks and other financial service entities from the significant risks that virtual
Published 17 Apr, 2018 12:00am
Shahbaz, minister discuss various matters

Shahbaz, minister discuss various matters

Federal Minister for Defence Production Rana Tanvir Hussain on Monday called on Punjab Chief Minister Shahbaz Sharif and discussed different matters of mutual interest including political issues and public welfare projects.
Published 17 Apr, 2018 12:00am
The rise in tax-to-GDP ratio
Exchange

The rise in tax-to-GDP ratio

The tax-to-GDP ratio combined of taxes collected by the Federal Board of Revenue (FBR) has gone up appreciably over the last four years. It was 8.4% of the GDP in 2012-13. By 2016-17, it had increased by over two percentage points to reach 10.5% of the GD
Published 17 Apr, 2018 12:00am
Post-Cold War imperialism

Post-Cold War imperialism

The certainties of the Cold War era gave way after the collapse of the Soviet Union in 1991 to the complexities of our present world. These complexities have been exacerbated by the blatant attempts by the US-led western powers to reshape the geopolitical
Published 17 Apr, 2018 12:00am
J&J Baby Powder litigation takes new focus with asbestos claims

J&J Baby Powder litigation takes new focus with asbestos claims

A $117 million verdict against Johnson & Johnson and a supplier in favor of a man who said his asbestos-related cancer was caused by long-term use of J&J's Baby Powder could open a new front for thousands of cases claiming the widely-used product caused c
Published 17 Apr, 2018 12:00am
Who is behind the attack on judge's residence?

Who is behind the attack on judge's residence?

How unfortunate and alarming it is that gunshots were fired twice at the residence of Supreme Court judge Syed Ijazul Hasan in a span of a few hours. Look at the audacity of the so-called "unidentified people", who did not once but twice on SC judge's res
Published 17 Apr, 2018 12:00am
HRCP says country failing on human rights

HRCP says country failing on human rights

Human Rights Commission of Pakistan (HRCP)said Monday that the country has failed to make progress on several issues over the past year, ranging from forced disappearances to women's rights and protection of religious minorities.
Published 17 Apr, 2018 12:00am
Nawaz will be behind bars, claims Rashid

Nawaz will be behind bars, claims Rashid

Awami Muslim League (AML) president Sheikh Rashid once again claimed on Monday that former prime minister Nawaz Sharif will go to prison, adding that Sharif's politics will be finished before the general election.
Published 17 Apr, 2018 12:00am
Entire nation stands by judiciary: Imran

Entire nation stands by judiciary: Imran

Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan on Monday slammed PML-N supremo Nawaz Sharif and its senior leaders for attacking institutions and warned them that the entire nation stands with the judiciary. Slamming the Sharifs over the firing incident
Published 17 Apr, 2018 12:00am
Shahbaz criticises PPP, PTI

Shahbaz criticises PPP, PTI

Pakistan Muslim League-N (PML-N) President Shahbaz Sharif Monday criticised his political opponents saying that one political party (PTI) has ruined the KP while the other (PPP) has wrecked havoc in the province of Sindh.
Published 17 Apr, 2018 12:00am
Caretaker setup in Sindh: Izhar to consult Sattar, Siddiqui: Abidi

Caretaker setup in Sindh: Izhar to consult Sattar, Siddiqui: Abidi

Farooq Sattar-led Muttahida Qaumi Movement-Pakistan (MQM-P) PIB group, despite defections to Pak Sarzameen Party (PSP) and the Bahadurabad MQM, has one trump card up its sleeve: input in the formation of the caretaker setup in consultation with leader of
Published 17 Apr, 2018 12:00am
PSL's profit crosses $5 million mark: Sethi

PSL's profit crosses $5 million mark: Sethi

Chairman Pakistan Cricket Board (PCB) Najam Sethi on Monday said that the profit of this year Pakistan Super League (PSL) is crossing $5 million against the previous mega event which generated over $3 million. In an informal chat with a group of reporters
Published 17 Apr, 2018 12:00am
Budget 2018-19: Prime Minister to take final decision

Budget 2018-19: Prime Minister to take final decision

After remaining unable to develop consensus on the upcoming Budget 2018-19, both Ministry of Planning, Development and Reforms and Finance Ministry left it for Prime Minister Shahid Khaqan Abbasi to take final decision in this regard, it is learnt.
Published 17 Apr, 2018 12:00am
Speakers for holding transparent, credible general elections

Speakers for holding transparent, credible general elections

Prominent political workers, journalists, educationalists jurists, social scientists, speaking at a national seminar on "Prerequisites of Timely & Transparent Elections 2018", have urged the government and the Election Commission of Pakistan to leave no s
Published 17 Apr, 2018 12:00am
Speakers highlight modern knowledge of science, technology

Speakers highlight modern knowledge of science, technology

University of Agriculture Faisalabad (UAF) vice chancellor Dr Muhammad Iqbal Zafar emphasized on taking measurers for illuminating the minds of youth with modern knowledge of science and technology. He was speaking at International Conference titled 'New
Published 17 Apr, 2018 12:00am
KP police arrest 5622 proclaimed offenders in 1Q of CY

KP police arrest 5622 proclaimed offenders in 1Q of CY

Peshawar got first, Abbottabad second while Lakki Marwat stood at third position in the recovery of arms and ammunition in Khyber Pakhtunkhwa Police, said a comparative statement issued here Monday. In recovery of narcotics, District Mansehra got 1st, Pes
Published 17 Apr, 2018 12:00am
KW&SB accused of destroying Karachi's water network

KW&SB accused of destroying Karachi's water network

Sindh Water Commission Monday took strong notice of acute water shortage in Karachi and held Karachi Water & Sewerage Board (KW&SB) responsible for destroying the water supply & distribution network in the metropolis. The Commission also directed Sindh So
Published 17 Apr, 2018 12:00am
Standard tax rate on white crystalline sugar under study

Standard tax rate on white crystalline sugar under study

Federal Board of Revenue (FBR) is contemplating to increase the rate of sales tax from eight percent to the standard rate (17 percent) on white crystalline sugar in next budget 2018-19. According to details, the proposal to charge sales tax at standard ra
Published 17 Apr, 2018 12:00am
MQM criticises Sindh government's approach to Karachi's transport woes

MQM criticises Sindh government's approach to Karachi's transport woes

Muttahida Qaumi Movement (MQM) Bahadurabad on Monday termed the announcement of Sindh Government to ply ten buses from Metropole Hotel to Landhi a mockery of resolving the transport issue and said that such number of buses are too short to tackle the chro
Published 17 Apr, 2018 12:00am
KMC to make special arrangements for Shab-e-Barat

KMC to make special arrangements for Shab-e-Barat

Karachi Metropolitan Corporation (KMC) will make arrangements for the visitors who go to graveyards to pray for their deceased relatives or friends at night between 14 and 15 Shaaban that is called Shab-e-Barat. On directives of Karachi Mayor Waseem Akhta
Published 17 Apr, 2018 12:00am
PM to attend CHOGM-2018 in London
Exchange

PM to attend CHOGM-2018 in London

Prime Minister Shahid Khaqan Abbasi will lead Pakistan delegation to the 25th Commonwealth Heads of Government Meeting (CHOGM-2018), in London from April 18-20, 2018, Foreign Office said. According to Foreign Office Spokesperson Dr Mohammad Faisal, the Pr
Published 17 Apr, 2018 12:00am
Appointment of Pemra chairman: 'Search' committee constituted, SC told

Appointment of Pemra chairman: 'Search' committee constituted, SC told

The Supreme Court was informed on Monday that the federal government has constituted a 'search' committee comprising, among others, eminent personalities from media for the appointment of chairman Pakistan Electronic Media Regulatory Authority (Pemra). Ch
Published 17 Apr, 2018 12:00am
Cell phone smuggling bid foiled

Cell phone smuggling bid foiled

Model Customs Collectorate (MCC), Preventive on Monday claimed to have foiled an attempt of smuggling cell phones worth Rs 2.1 million from a passenger, coming from Dubai. According to details, the preventive staff posted at Jinnah International Airport (
Published 17 Apr, 2018 12:00am