News Archives for Print - 2018-05-09 - Business Recorder

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اردو

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Print - 2018-05-09

Ratifies decisions taken by ECC: federal cabinet slams attack on Ahsan

Ratifies decisions taken by ECC: federal cabinet slams attack on Ahsan

Prime Minister Shahid Khaqan Abbasi chaired a meeting of the Federal Cabinet at Prime Minister's Office on Tuesday. At the outset, the federal cabinet strongly condemned the attack on Interior Minister Ahsan Iqbal and prayed for his speedy recovery. The c

Published 09 May, 2018 12:00am

Money laundering: NAB to investigate allegations against Nawaz

Money laundering: NAB to investigate allegations against Nawaz

Tightening the noose around former Prime Minster Nawaz Sharif further, National Accountability Bureau (NAB) Tuesday decided to initiate another inquiry against him, as four corruption references against him are already in the court. The anti-graft body in

Published 09 May, 2018 12:00am

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

National Clearing Company declares daily settlement information for local & foreign investors on Tuesday (May 08, 2018).

Published 09 May, 2018 12:00am

Money laundering: NAB to investigate allegations against Nawaz

Money laundering: NAB to investigate allegations against Nawaz

Tightening the noose around former Prime Minster Nawaz Sharif further, National Accountability Bureau (NAB) Tuesday decided to initiate another inquiry against him, as four corruption references against him are already in the court. The anti-graft body in

Published 09 May, 2018 12:00am

Mutual Funds Association of Pakistan

Mutual Funds

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Tuesday (May 08, 2018)

Published 09 May, 2018 12:00am

Dar's Senate membership suspended

Dar's Senate membership suspended

Former Finance Minister Ishaq Dar, who ruled the roost for the last about one-and-a-half-decade as member Upper House of the Parliament, is no more a senator as the Supreme Court Tuesday suspended his Senate's membership for his inability to appear before

Published 09 May, 2018 12:00am

Mutual Funds Association of Pakistan

Mutual Funds

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Tuesday (May 08, 2018)

Published 09 May, 2018 12:00am

Dar's Senate membership suspended

Dar's Senate membership suspended

Former Finance Minister Ishaq Dar, who ruled the roost for the last about one-and-a-half-decade as member Upper House of the Parliament, is no more a senator as the Supreme Court Tuesday suspended his Senate's membership for his inability to appear before

Published 09 May, 2018 12:00am

Mutual Funds Association of Pakistan

Mutual Funds

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Tuesday (May 08, 2018)

Published 09 May, 2018 12:00am

CoAS opens border fencing work in Balochistan

CoAS opens border fencing work in Balochistan

Chief of Army Staff General Qamar Javed Bajwa on Tuesday inaugurated work on border fencing along the Balochistan portion of Pak-Afghan border at Panjpai, Inter-Services Public Relations (ISPR) reported. Chief Minister Balochistan Abdul Qudoos Bizenjo and

Published 09 May, 2018 12:00am

Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (May 08, 2018).

Published 09 May, 2018 12:00am

CoAS opens border fencing work in Balochistan

CoAS opens border fencing work in Balochistan

Chief of Army Staff General Qamar Javed Bajwa on Tuesday inaugurated work on border fencing along the Balochistan portion of Pak-Afghan border at Panjpai, Inter-Services Public Relations (ISPR) reported. Chief Minister Balochistan Abdul Qudoos Bizenjo and

Published 09 May, 2018 12:00am

Cross Transactions between Client to Client & Financial Institutions

Cross Transactions between Client to Client & Financial Institutions

The following were the cross transactions between client to client & financial institutions here on Tuesday (May 08, 2018).

Published 09 May, 2018 12:00am

Adequate sugar stock available, ECC told

Adequate sugar stock available, ECC told

The Economic Coordination Committee (ECC) of the Cabinet has been informed that there is adequate sugar stock in the country to cater the need despite a likely surge in use of the commodity during Ramazan. Sources said that ECC meeting chaired by the Prim

Published 09 May, 2018 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (May 08, 2018).

Published 09 May, 2018 12:00am

Adequate sugar stock available, ECC told

Adequate sugar stock available, ECC told

The Economic Coordination Committee (ECC) of the Cabinet has been informed that there is adequate sugar stock in the country to cater the need despite a likely surge in use of the commodity during Ramazan. Sources said that ECC meeting chaired by the Prim

Published 09 May, 2018 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (May 08, 2018).

Published 09 May, 2018 12:00am

Adequate sugar stock available, ECC told

Adequate sugar stock available, ECC told

The Economic Coordination Committee (ECC) of the Cabinet has been informed that there is adequate sugar stock in the country to cater the need despite a likely surge in use of the commodity during Ramazan. Sources said that ECC meeting chaired by the Prim

Published 09 May, 2018 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (May 08, 2018).

Published 09 May, 2018 12:00am

Commemorative coin of Dr Pfau unveiled

Commemorative coin of Dr Pfau unveiled

Governor State Bank of Pakistan (SBP), Tariq Bajwa and the German Ambassador to Pakistan Martin Kobler unveiled Rs 50 commemorative coin in recognition of meritorious services rendered by Dr Ruth Katherina Martha Pfau at the SBP Headquarters in Karachi. T

Published 09 May, 2018 12:00am

THE RUPEE: more erosion

Currency

THE RUPEE: more erosion

Falling trend persisted on the money market on Tuesday as the rupee extended its overnight declines against the dollar in the process of trading, dealers said. The rupee was unmoved in relation to the dollar for buying and selling at Rs 115.61 and Rs 115.

Published 09 May, 2018 12:00am

Renovation of Mohabat Khan Mosque: Traders warn against forced eviction

Renovation of Mohabat Khan Mosque: Traders warn against forced eviction

The trading community of Peshawar on Tuesday clarified that they are not against the renovation and repairing of the historic Mohabat Khan Mosque and ready for extending any kind of cooperation in strengthening of its foundations.

Published 09 May, 2018 12:00am

THE RUPEE: more erosion

Currency

THE RUPEE: more erosion

Falling trend persisted on the money market on Tuesday as the rupee extended its overnight declines against the dollar in the process of trading, dealers said. The rupee was unmoved in relation to the dollar for buying and selling at Rs 115.61 and Rs 115.

Published 09 May, 2018 12:00am

Arrest of ex-ETPB chief: LHC issues notice to NAB

Arrest of ex-ETPB chief: LHC issues notice to NAB

The Lahore High Court on Tuesday issued notice to National Accountability Bureau (NAB) for May 18 in a petition of former Chairman Evacuee Trust Property Board (ETPB) Asif Hashmi challenging his arrest by the NAB in alleged corruption cases.

Published 09 May, 2018 12:00am

Kerb buying and selling rate of US dollar

Kerb

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Tuesday (May 08, 2018).

Published 09 May, 2018 12:00am

Dual services: Audit department raises objections on service of PIACL official

Dual services: Audit department raises objections on service of PIACL official

After detecting irregularities in the appointment of CEO PIACL Musharaf Rasool Cyan, the audit department has now raised serious objections on the service of Javed Jameel, who is presently working as Deputy General Manager Coordination to CEO.

Published 09 May, 2018 12:00am

Dollar's rate in interbank market

Dollar's rate in interbank market

Interbank closing rates for dollar on Tuesday (May 08, 2018).

Published 09 May, 2018 12:00am

TV channels asked to broadcast Adhan

TV channels asked to broadcast Adhan

The Islamabad High Court on Tuesday said the television channels are bound to telecast five times Adhan and no one would be allowed to ridicule Islamic teachings. A single bench of IHC comprising Justice Shaukat Aziz Siddiqui issued these directions while

Published 09 May, 2018 12:00am

Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (May 08, 2018).

Published 09 May, 2018 12:00am

UK PM suffers upper house defeat over plans to leave EU single market

UK PM suffers upper house defeat over plans to leave EU single market

Britain's upper house of parliament on Tuesday inflicted another embarrassing defeat on Prime Minister Theresa May's government on Tuesday, challenging her plan to leave the European Union's single market after Brexit.

Published 09 May, 2018 12:00am

Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (May 08, 2018).

Published 09 May, 2018 12:00am

Civil services: FPSC asked to submit report

Civil services: FPSC asked to submit report

The Islamabad High Court on Tuesday directed Federal Public Service Commission (FPSC) to submit a report regarding induction of serving army officers in civil service of Pakistan. A single bench of IHC comprising Justice Shaukat Aziz Siddiqui hearing the

Published 09 May, 2018 12:00am

Pakistan Mercantile Exchange - PMEX

Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Tuesday (May 08, 2018).

Published 09 May, 2018 12:00am

Civil services: FPSC asked to submit report

Civil services: FPSC asked to submit report

The Islamabad High Court on Tuesday directed Federal Public Service Commission (FPSC) to submit a report regarding induction of serving army officers in civil service of Pakistan. A single bench of IHC comprising Justice Shaukat Aziz Siddiqui hearing the

Published 09 May, 2018 12:00am

Lahore Paper Market Rates

Lahore Paper Market Rates

Paper market rates in rupees on Tuesday (May 08, 2018).

Published 09 May, 2018 12:00am

Pakistani pleads guilty in rare foreign agent case

Pakistani pleads guilty in rare foreign agent case

A Pakistani man pleaded guilty in federal court in Maryland to failing to disclose lobbying work on behalf of the Pakistani government, the Justice Department said Monday. Nisar Ahmed Chaudhry, 71, who admitted to working as an unregistered foreign agent

Published 09 May, 2018 12:00am

Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (May 08, 2018)

Published 09 May, 2018 12:00am

Pakistani pleads guilty in rare foreign agent case

Pakistani pleads guilty in rare foreign agent case

A Pakistani man pleaded guilty in federal court in Maryland to failing to disclose lobbying work on behalf of the Pakistani government, the Justice Department said Monday. Nisar Ahmed Chaudhry, 71, who admitted to working as an unregistered foreign agent

Published 09 May, 2018 12:00am

Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (May 08, 2018).

Published 09 May, 2018 12:00am

Government plans to borrow Rs 5.4 trillion in three months

Government plans to borrow Rs 5.4 trillion in three months

In order to meet rising fiscal deficit, the federal government intends to borrow a massive amount of Rs 5.4 trillion from the domestic banking sector during next three months (May-July) of 2018. The State Bank of Pakistan (SBP) has already estimated that

Published 09 May, 2018 12:00am

LME official prices

LME official prices

The following were Monday official prices.

Published 09 May, 2018 12:00am

Government plans to borrow Rs 5.4 trillion in three months

Government plans to borrow Rs 5.4 trillion in three months

In order to meet rising fiscal deficit, the federal government intends to borrow a massive amount of Rs 5.4 trillion from the domestic banking sector during next three months (May-July) of 2018. The State Bank of Pakistan (SBP) has already estimated that

Published 09 May, 2018 12:00am

LME official prices

LME official prices

The following were Monday official prices.

Published 09 May, 2018 12:00am

Government plans to borrow Rs 5.4 trillion in three months

Government plans to borrow Rs 5.4 trillion in three months

In order to meet rising fiscal deficit, the federal government intends to borrow a massive amount of Rs 5.4 trillion from the domestic banking sector during next three months (May-July) of 2018. The State Bank of Pakistan (SBP) has already estimated that

Published 09 May, 2018 12:00am

Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (May 08, 2018).

Published 09 May, 2018 12:00am

China, US in 'extraordinary' WTO clash

China, US in 'extraordinary' WTO clash

China and the United States swapped accusations in an "extraordinary" exchange at the World Trade Organization on Tuesday ahead of fresh talks between the top two economies on averting a trade war. "What I would say about this meeting today is that it was

Published 09 May, 2018 12:00am

Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (May 08, 2018).

Published 09 May, 2018 12:00am

China, US in 'extraordinary' WTO clash

China, US in 'extraordinary' WTO clash

China and the United States swapped accusations in an "extraordinary" exchange at the World Trade Organization on Tuesday ahead of fresh talks between the top two economies on averting a trade war. "What I would say about this meeting today is that it was

Published 09 May, 2018 12:00am

The Weather

The Weather

The weather report on Tuesday (May 08, 2018) and the forecast for Wednesday (May 09, 2018).

Published 09 May, 2018 12:00am

China, US in ''extraordinary'' WTO clash

China, US in ''extraordinary'' WTO clash

China and the United States swapped accusations in an "extraordinary" exchange at the World Trade Organization on Tuesday ahead of fresh talks between the top two economies on averting a trade war. "What I would say about this meeting today is that it was

Published 09 May, 2018 12:00am

Alibaba buys Rocket Internet's Pakistan ecommerce platform Daraz

Alibaba buys Rocket Internet's Pakistan ecommerce platform Daraz

Alibaba Group has bought the entire share capital of Rocket Internet's South Asian ecommerce platform Daraz Group, Rocket Internet said on Tuesday. It did not disclose financial details. Daraz, founded in Pakistan in 2012, operates online marketplaces in

Published 09 May, 2018 12:00am

Alibaba buys Rocket Internet's Pakistan ecommerce platform Daraz

Alibaba buys Rocket Internet's Pakistan ecommerce platform Daraz

Alibaba Group has bought the entire share capital of Rocket Internet's South Asian ecommerce platform Daraz Group, Rocket Internet said on Tuesday. It did not disclose financial details. Daraz, founded in Pakistan in 2012, operates online marketplaces in

Published 09 May, 2018 12:00am

Alibaba buys Rocket Internet''s Pakistan ecommerce platform Daraz

Alibaba buys Rocket Internet''s Pakistan ecommerce platform Daraz

Alibaba Group has bought the entire share capital of Rocket Internet''s South Asian ecommerce platform Daraz Group, Rocket Internet said on Tuesday. It did not disclose financial details. Daraz, founded in Pakistan in 2012, operates online marketplaces in

Published 09 May, 2018 12:00am

Alibaba buys Rocket Internet''''s Pakistan ecommerce platform Daraz

Alibaba buys Rocket Internet''''s Pakistan ecommerce platform Daraz

Alibaba Group has bought the entire share capital of Rocket Internet''''s South Asian ecommerce platform Daraz Group, Rocket Internet said on Tuesday. It did not disclose financial details. Daraz, founded in Pakistan in 2012, operates online marketplaces

Published 09 May, 2018 12:00am

Indian tourist dies in stone-throwing protest in IHK

Indian tourist dies in stone-throwing protest in IHK

An Indian tourist was killed during a stone-throwing protest in held Kashmir, officials said Tuesday, as the region shut down for a third day over the killings of civilians and freedom fighters during weekend gunbattles and anti-India protests. Meanwhile,

Published 09 May, 2018 12:00am

Indian tourist dies in stone-throwing protest in IHK

Indian tourist dies in stone-throwing protest in IHK

An Indian tourist was killed during a stone-throwing protest in held Kashmir, officials said Tuesday, as the region shut down for a third day over the killings of civilians and freedom fighters during weekend gunbattles and anti-India protests. Meanwhile,

Published 09 May, 2018 12:00am

Trump pulls US out of Iran deal

Trump pulls US out of Iran deal

President Donald Trump on Tuesday pulled the United States out of an international nuclear deal with Iran in a step that will raise the risk of conflict in the Middle East, upset America's European allies and bring uncertainty to global oil supplies. Trum

Published 09 May, 2018 12:00am

Trump pulls US out of Iran deal

Trump pulls US out of Iran deal

President Donald Trump on Tuesday pulled the United States out of an international nuclear deal with Iran in a step that will raise the risk of conflict in the Middle East, upset America's European allies and bring uncertainty to global oil supplies. Trum

Published 09 May, 2018 12:00am

CCP proposals for sugar industry

Cotton

CCP proposals for sugar industry

The Competition Commission of Pakistan (CCP) subsequent to an open hearing attended by all stakeholders on 25 January 2018 has formulated a number of recommendations designed to make sugar industry more efficient, improve sugarcane quality, enhance and di

Published 09 May, 2018 12:00am

A tribute to the late Asghar Khan?

A tribute to the late Asghar Khan?

The Supreme Court (SC) has resurrected the famous Asghar Khan case yet again. In its hearing on May 7, 2018, a three-member bench headed by Chief Justice of Pakistan (CJP) Saqib Nisar rejected the review petitions filed by former CoAS General Mirza Aslam

Published 09 May, 2018 12:00am

Taxing immovable property

Taxing immovable property

When the Prime Minister unveiled his economic reforms package on 5 April, 2018 one of the components was a major initiative to correct the valuation of real estate for the purpose of taxation. However, when the Ordinances were issued to give effect to the

Published 09 May, 2018 12:00am

Capitalism in dire crisis?

Currency

Capitalism in dire crisis?

After having remained in a state of denial since the 2007-08 financial crisis that world had reached almost the dead-end of capitalism, its proponents have begun debating alternatives. New literature is appearing on the subject as the debate enters into w

Published 09 May, 2018 12:00am

European regulators: We're not ready for new privacy law

European regulators: We're not ready for new privacy law

Europe's General Data Protection Regulation (GDPR) has been billed as the biggest shake-up of data privacy laws since the birth of the web. There's one problem: many of the regulators who will police it say they aren't ready yet.

Published 09 May, 2018 12:00am

IHC disqualifies Asif in new blow to PML-N

IHC disqualifies Asif in new blow to PML-N

There is no doubt about the fact that the Islamabad High Court verdict against foreign minister Khawaja Asif is one of several judicial setbacks for the PML-N since the Supreme Court removed party founder Nawaz Sharif as prime minister in July.

Published 09 May, 2018 12:00am

NA passes transgender rights bill

NA passes transgender rights bill

The National Assembly on Tuesday passed a bill with majority vote for protection of rights and welfare of transgender persons including granting them right to inheritance to property, holding public office and employment. Pakistan Peoples Party's member S

Published 09 May, 2018 12:00am

Pakistan slams Indian atrocities against innocent Kashmiris in IHK

Pakistan slams Indian atrocities against innocent Kashmiris in IHK

Pakistan on Tuesday strongly condemned the use of brutal force by Indian forces against innocent Kashmiri people in the occupied Jammu and Kashmir, urging the international community play its role to resolve the dispute in accordance with relevant UN Secu

Published 09 May, 2018 12:00am

Appointment of law secretary challenged in Supreme Court

Appointment of law secretary challenged in Supreme Court

A bar member challenged the appointment of provincial law secretary before the Supreme Court for being made in violation of Punjab Civil Servants Act, 1974. "Dr Hassan Najami, 75, stood retired as assembly secretary in January 2004 and was re-employed as

Published 09 May, 2018 12:00am

Shakeel Afridi case: opposition demands in-camera session on CIA 'plan'

Shakeel Afridi case: opposition demands in-camera session on CIA 'plan'

Opposition in the Senate Tuesday demanded that an in-camera session of the House be briefed on the alleged jailbreak plan made by Central Intelligence Agency (CIA) to free Dr Shakeel Afridi, who helped the US track down Osama bin Laden in 2011. The matter

Published 09 May, 2018 12:00am

Supreme Court disposes of Katas Raj suo motu case

Supreme Court disposes of Katas Raj suo motu case

The Supreme Court Tuesday disposed of Katas Raj suo motu case after cement factory owners came with a proposal that they would find a substitute water source, besides paying for the underground water they used so far. In Nov last, the apex court took noti

Published 09 May, 2018 12:00am

PPP leader voices concern over bail granted to five killers of BB

PPP leader voices concern over bail granted to five killers of BB

MNA and leader PPPP Dr Nafisa Shah Tuesday expressed grave concern over bail granted to five killers of Shaheed Mohtarma Benazir Bhutto. In a statement, she said that General Parvez Musharraf who was involved in the murder of Shaheed Mohtarma Benazir Bhut

Published 09 May, 2018 12:00am

Need stressed for Pak-US cooperation

Need stressed for Pak-US cooperation

Pakistan's Ambassador to the United States Aizaz Ahmed Chaudhry has stressed the need for deeper and wider cooperation between Islamabad and Washington to achieve shared objectives. Speaking during a meeting with top officials in the US state of Texas, he

Published 09 May, 2018 12:00am

CII condemns bid to assassinate Ahsan

CII condemns bid to assassinate Ahsan

Council of Islamic Ideology (CII) on Tuesday strongly condemned the assassination attempt on Interior Minister Ahsan Iqbal and termed it as an attempt to deprive the country from reaping the benefits of China Pakistan Economic Corridor (CPEC). In a statem

Published 09 May, 2018 12:00am

Misbehaviour with police: US embassy security officer arrested

Misbehaviour with police: US embassy security officer arrested

The city police on Tuesday arrested Chief Security Officer of the US Embassy, Taimur Pirzada, for misbehaving with police, following a vehicle driven by a US diplomat hit and injured a motorcyclist. The police said that chief security officer of the US Em

Published 09 May, 2018 12:00am

Parties urged to make Kashmir issue part of manifesto

Parties urged to make Kashmir issue part of manifesto

An All Parties Conference (APC) on Kashmir on Tuesday called upon all political parties in the country to include the liberation of Kashmir issue among their priorities in election manifesto and give a clear roadmap in this direction. The demand was made

Published 09 May, 2018 12:00am

Papco multi-grading white oil pipeline to transport Mogas

Papco multi-grading white oil pipeline to transport Mogas

With an investment of around $ 200 million, Pak-Arab Pipeline Company (Papco) - a high speed diesel supply chain in Pakistan is in the process of multi-grading its white oil pipeline to transport motor gasoline from Karachi port to Mehmood Kot in Multan.

Published 09 May, 2018 12:00am

Irsa fails to help resolve water issue between Sindh, Punjab

Irsa fails to help resolve water issue between Sindh, Punjab

The Indus River System Authority (Irsa) on Tuesday expressed its inability to broker any arrangement between Sindh and Punjab on water distribution to deal with current scarcity in Sindh, amid weather forecast that May and June would be dry months.

Published 09 May, 2018 12:00am

Penalty reduced to Rs 200,000 on stock broker

Penalty reduced to Rs 200,000 on stock broker

A two-member appellant bench of the Securities and Exchange Commission of Pakistan (SECP) has reduced penalty from Rs 400,000 to Rs 200,000 imposed on a stock broker, who failed to file quarterly financial returns through online Financial Reporting System

Published 09 May, 2018 12:00am

PRGMEA urges government to extend PM incentive package for two years

PRGMEA urges government to extend PM incentive package for two years

The Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) demanded that government should declare export emergency in the federal budget for 2018-19, which is presently under discussion in the national assembly, as there is no other s

Published 09 May, 2018 12:00am

Government advised to increase domestic oilseeds production

Government advised to increase domestic oilseeds production

Pakistan should work for increasing domestic production of oilseeds to meet its growing need for edible oil and reduce reliance on import to save the precious foreign exchange and ensure economic development. "Domestic production of soft oil, canola, sunf

Published 09 May, 2018 12:00am

HEC, Microsoft announce 'Imagine Cup' winners 2018

HEC, Microsoft announce 'Imagine Cup' winners 2018

The Higher Education Commission (HEC) and Microsoft, Pakistan announced the national winners of Imagine Cup 2018, a technology competition on Tuesday. National University of Sciences and Technology (NUST) School of Electrical Engineering and Computer Scie

Published 09 May, 2018 12:00am

PFIA urges government to provide incentives to commercial importers

PFIA urges government to provide incentives to commercial importers

Pakistan FMCG Importers Association (PFIA) has urged the government to provide relief and incentives to the commercial importers as certain measures proposed in the budget for the next financial year will be creating hardships for them. In a joint stateme

Published 09 May, 2018 12:00am

MOs briefed about Punjab Safe Cities Authority

MOs briefed about Punjab Safe Cities Authority

Military officers from CMP (Corps of Military Police) School, Dera Ismail Khan Branch, visited PPIC3, Qurban Lines Lahore on Tuesday. The 14-member delegation was appraised of functions and structure of the premier project of Punjab Safe Cities Authority

Published 09 May, 2018 12:00am

Ramazan moon likely to be sighted on May 16

Ramazan moon likely to be sighted on May 16

The Meteorological department has said that according to astronomical parameters, there is a Fair Chance of sighting the new moon of Ramazan, 1439 AH on the evening of 16-05-2018 ie on 29th of Shaban, 1439 AH. According to climate record, the weather is e

Published 09 May, 2018 12:00am

Licences of fake and non-active TOs being cancelled: DGTO

Licences of fake and non-active TOs being cancelled: DGTO

Global businesses are fast shifting to South Asia and Pakistan could survive in this changing environment only by virtue of its vibrant, dynamic, well regulated and fully compliant Chambers of Commerce & Industries (CCIs) and Trade Organizations (TOs), sa

Published 09 May, 2018 12:00am

Punjab to procure 4 million metric tons of wheat

Punjab to procure 4 million metric tons of wheat

A comprehensive and solid policy is being followed for the purchase of wheat in a transparent manner by providing all out facilities to the wheat growers. This was stated by Punjab Labour Minister Raja Ishfaq Sarwar during his visit at wheat procurement c

Published 09 May, 2018 12:00am

Commercial importers: LCCI for restoration of final tax regime

Commercial importers: LCCI for restoration of final tax regime

Lahore Chamber of Commerce and Industry has urged the federal finance minister and Chairman Federal Board of Revenue to restore the final tax regime for the commercial importers in the larger interest of the industry. LCCI President Malik Tahir Javaid in

Published 09 May, 2018 12:00am

Power supply to 80 villages ensured in one month: Lesco

Power supply to 80 villages ensured in one month: Lesco

Chief Executive Officer (CEO) Lahore Electric Supply Company (Lesco) Mujahid Pervaiz Chattha said on Wednesday that power supply to 80 villages had been ensured through effective transmission system within a short period of one month. He said all the fiel

Published 09 May, 2018 12:00am

CTP Lahore establishes modern gymnasium

CTP Lahore establishes modern gymnasium

Besides offering so many new facilities, the City Traffic Police (CTP) Lahore has established a state-of-the-art gymnasium at Traffic Police Lines Manawan with an aim to keep traffic wardens fit and healthy. "We have also established a state-of-the-art hy

Published 09 May, 2018 12:00am

Pakistan State Oil

Mutual Funds

Pakistan State Oil

Oil marketing companies have seen a drastic change in their sales over the last year with furnace oil taking a back seat and retail fuels growth picking up staggering pace along with LNG. Pakistan State Oil Company Limited (PSX: PSO), the largest OMC fuel

Published 09 May, 2018 12:00am

Pakistan State Oil

Mutual Funds

Pakistan State Oil

Oil marketing companies have seen a drastic change in their sales over the last year with furnace oil taking a back seat and retail fuels growth picking up staggering pace along with LNG. Pakistan State Oil Company Limited (PSX: PSO), the largest OMC fuel

Published 09 May, 2018 12:00am

High levy charges on cell phones: SC seeks reply within a week

High levy charges on cell phones: SC seeks reply within a week

The Supreme Court on Tuesday directed the federal and provincial governments and the cellular companies to file reply within one week on high levy charged on mobile phone cards. A four-member bench headed by Chief Justice Mian Saqib Nisar was hearing a su

Published 09 May, 2018 12:00am

PIA losses amounts to Rs 360 billion, SC told

PIA losses amounts to Rs 360 billion, SC told

The Supreme Court was informed on Tuesday that the accumulated losses of national flag carrier, which were Rs 73 billion in 2008, increased to Rs 360 billion in 2018. Chief Justice Mian Saqib Nisar, heading a four-judge bench, noted that all the losses we

Published 09 May, 2018 12:00am

Corruption reference: trial court says needs another extension

Corruption reference: trial court says needs another extension

Accountability Court Judge Muhammad Bashir Tuesday said that a letter has been written to the Supreme Court for seeking another extension in the trial of corruption references filed against the Sharif family members by National Accountability Bureau (NAB)

Published 09 May, 2018 12:00am

New outbreak of Ebola kills 17 in northwest DR Congo

New outbreak of Ebola kills 17 in northwest DR Congo

Seventeen people in northwest Democratic Republic of Congo (DRC) have died from Ebola, the health ministry said on Tuesday, describing the fresh outbreak as a "public health emergency with international impact." "Twenty-one cases of fever with haemorrhagi

Published 09 May, 2018 12:00am

Palm oil down

Vegetable Oil

Palm oil down

Malaysian palm oil futures rose to a two-week high in early trade on Tuesday, before falling back to end lower on speculation of weaker demand so far in May. The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange dipp

Published 09 May, 2018 12:00am

Xi, Kim meet ahead of Trump summit

Xi, Kim meet ahead of Trump summit

Chinese President Xi Jinping met Kim Jong Un in China for the second time in six weeks on Tuesday and later spoke with Donald Trump, in an intensifying whirlwind of diplomacy as the North Korean and US leaders prepare for a historic summit. Kim reiterated

Published 09 May, 2018 12:00am

Suicide bomber kills two in east Libya

Suicide bomber kills two in east Libya

A suicide bomber on Tuesday attacked a checkpoint in eastern Libya held by militiamen loyal to strongman Khalifa Haftar, killing at least two people including a civilian, a senior security official said.

Published 09 May, 2018 12:00am

Armenian protest leader elected prime minister

Armenian protest leader elected prime minister

Armenia's parliament on Tuesday elected opposition leader Nikol Pashinyan as prime minister after he spearheaded weeks of mass protests against the ruling party, transforming the country's political landscape. Lawmakers voted 59 to 42 to approve Pashinyan

Published 09 May, 2018 12:00am

Argentina seeks IMF financing: Macri

Currency

Argentina seeks IMF financing: Macri

Argentina opened discussions with the International Monetary Fund on Tuesday about obtaining a "line of financial support," President Mauricio Macri announced amid a bout of market turbulence in Latin America's third largest economy. In a televised speech

Published 09 May, 2018 12:00am

Trump ally Grenell takes over as US envoy to Germany

Trump ally Grenell takes over as US envoy to Germany

New US ambassador to Germany Richard Grenell, a strong backer of President Donald Trump, Tuesday assumed the post left vacant for 15 months, already facing criticism amid heightened trans-Atlantic tensions. His start in Berlin came hours before Trump was

Published 09 May, 2018 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 1	280.67
USD PKR Interbank Buying / Jan 1	280.47
USD to Japanese Yen / Jan 1	142.81
USD to Swiss Franc / Jan 1	0.82
Pound Sterling to USD / Jan 1	1.32
Euro to USD / Jan 1	1.14

Stock	Volume
India Sensex / Jan 1	77,621.26
Tokyo Nikkei / Jan 1	34,285.53
Hang Seng / Jan 1	21,352.47

Item	Value
Petrol/Litre / Jan 1	254.63
Crude Oil USD/Barrel / Jan 1	63.25
Gold Spot USD/Ounce / Jan 1	3,331.95
Diesel/Litre / Jan 1	258.64
Cotton US¢/pound / Jan 1	66.66

Gainers
Losers
Leaders

Stock	Price
Escorts Bank / Apr 17 Escorts Investment Bank Limited(ESBL)	6.91 ▲ 0.83 (13.65%)
Ghazi Fabrics / Apr 17 Ghazi Fabrics International Limited(GFIL)	8.36 ▲ 1 (13.59%)
Chakwal Spinning / Apr 17 Chakwal Spinning Mills Limited(CWSM)	57.93 ▲ 5.27 (10.01%)
Pak Gulf Leasing / Apr 17 Pak-Gulf Leasing Company Limited(PGLC)	21.89 ▲ 1.99 (10%)
Trust Sec.& Brok. / Apr 17 Trust Securities & Brokerage Limited(TSBL)	13.97 ▲ 1.27 (10%)
Nimir Resins / Apr 17 Nimir Resins Limited(NRSL)	42.45 ▲ 3.86 (10%)
At-Tahur Ltd. / Apr 17 At-Tahur Limited(PREMA)	58.09 ▲ 5.28 (10%)
Shezan Inter. / Apr 17 Shezan International Limited(SHEZ)	148.43 ▲ 13.49 (10%)
Bolan Casting / Apr 17 Bolan Castings Limited(BCL)	104.06 ▲ 9.46 (10%)
Gillette Pak / Apr 17 Gillette Pakistan Limited(GLPL)	185.88 ▲ 16.9 (10%)

Stock	Price
Oilboy Energy(R) / Apr 17 Oilboy Energy Limited(R)(OBOYR2)	1.13 ▼ -0.25 (-18.12%)
Gulshan Sp. / Apr 17 Gulshan Spinning Mills Limited(GSPM)	3.50 ▼ -0.44 (-11.17%)
Fateh Ind. / Apr 17 Fateh Industries Limited(FIL)	119.55 ▼ -13.28 (-10%)
Blue-Ex Ltd / Apr 17 Blue-Ex Limited (GEM)(GEMBLUEX)	56.69 ▼ -6.29 (-9.99%)
Apna Microfin. / Apr 17 Apna Microfinance Bank Limited(AMBL)	10.17 ▼ -1.11 (-9.84%)
Jubilee Gen. Ins. / Apr 17 Jubilee General Insurance Limited(JGICL)	49.20 ▼ -5.02 (-9.26%)
Mughal Energy / Apr 17 Mughal Energy Limited(GEM)(GEMMEL)	20 ▼ -2.02 (-9.17%)
The Thal Ind.Corp. / Apr 17 The Thal Industries Corporation Limited(TICL)	331.04 ▼ -28.97 (-8.05%)
IbrahimFibres / Apr 17 Ibrahim Fibres Limited(IBFL)	320.51 ▼ -27.89 (-8.01%)
ZIL Limited / Apr 17 ZIL Limited(ZIL)	331.51 ▼ -28.69 (-7.97%)

Stock	Volume
B.O.Punjab / Apr 17 The Bank of Punjab(BOP)	20,708,937 ▲ 0.14
Maple Leaf Cement / Apr 17 Maple Leaf Cement Factory Limited(MLCF)	16,077,766 ▲ 2.65
National Bank / Apr 17 National Bank of Pakistan(NBP)	14,652,092 ▲ 5.07
Cnergyico PK / Apr 17 Cnergyico PK Limited(CNERGY)	14,199,610 ▲ 0.02
Fauji Cement / Apr 17 Fauji Cement Company Limited(FCCL)	11,648,286 ▲ 1.17
United BankXD / Apr 17 United Bank Limited(UBL)	10,508,096 ▲ 13.32
Hascol Petrol / Apr 17 Hascol Petroleum Limited(HASCOL)	8,722,170 ▲ 0.23
WorldCall Telecom / Apr 17 Worldcall Telecom Limited(WTL)	8,482,988 ▲ 0
K-Electric Ltd. / Apr 17 K-Electric Limited(KEL)	8,045,404 ▲ 0.04
Pak Elektron / Apr 17 Pak Elektron Limited(PAEL)	7,443,585 ▲ 0.51

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Baggasse-fired IPPs: Nepra set to approve 60% hike in FCC

Baggasse-fired IPPs: Nepra set to approve 60% hike in FCC

Gold price per tola jumps Rs8,600 to another all-time high in Pakistan

Gold price per tola jumps Rs8,600 to another all-time high in Pakistan

NJLI Sarmaya Growth Fund Rates

SRO 592(1)/2025 attracts criticism from steel sector

SRO 592(1)/2025 attracts criticism from steel sector

CCP slaps Rs25m fine on Hyundai for misleading Tucson launch offer

CCP slaps Rs25m fine on Hyundai for misleading Tucson launch offer

Rightsizing: govt decides to axe 30,968 posts

Rightsizing: govt decides to axe 30,968 posts

Rs1.275trn loan to tackle circular debt: CPPA-G likely to sign term sheets with 18 banks

Rs1.275trn loan to tackle circular debt: CPPA-G likely to sign term sheets with 18 banks

Pakistan may buy more cotton, soybean from US

Pakistan may buy more cotton, soybean from US

Issue of stuck 1,200 Iranian trucks: summary to revise barter trade policy with Iran on the cards

Issue of stuck 1,200 Iranian trucks: summary to revise barter trade policy with Iran on the cards

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