News Archives for Print - 2018-05-17

Security forces killed LeJ Balochistan chief Salman Badeni involved in killings of over 100 innocent personnel of Hazara community and policemen in operation on Wednesday, according to Aaj News. Security forces conducted an IBO in Killi Almas, Balochistan

Published 17 May, 2018 12:00am

EFU AGGRESSIVE FUND RATES

EFU Aggressive Fund Rates on Wednesday (May 16, 2018).

Published 17 May, 2018 12:00am

ECC to give final approval today: govt agrees to cut power price for textile sector

The government has agreed to reduce the electricity price by Rs 3 per unit and provide enhanced supply of natural gas to the textile sector to increase exports by making them competitive in the international market.

Published 17 May, 2018 12:00am

EFU AGGRESSIVE FUND RATES

EFU Aggressive Fund Rates on Wednesday (May 16, 2018).

Published 17 May, 2018 12:00am

ECC to give final approval today: govt agrees to cut power price for textile sector

The government has agreed to reduce the electricity price by Rs 3 per unit and provide enhanced supply of natural gas to the textile sector to increase exports by making them competitive in the international market.

Published 17 May, 2018 12:00am

EFU TAKAFUL GROWTH FUND RATES

EFU Takaful Growth Fund Rates on Wednesday (May 16, 2018).

Published 17 May, 2018 12:00am

ECC to give final approval today: govt agrees to cut power price for textile sector

The government has agreed to reduce the electricity price by Rs 3 per unit and provide enhanced supply of natural gas to the textile sector to increase exports by making them competitive in the international market.

Published 17 May, 2018 12:00am

EFU TAKAFUL GROWTH FUND RATES

EFU Takaful Growth Fund Rates on Wednesday (May 16, 2018).

Published 17 May, 2018 12:00am

BRIndex100 remains jittery

Pakistan Stock Exchange Wednesday remained under pressure due to selling from local and foreign investors. BRIndex100 lost 23.13 points or 0.51 percent to close at 4,513.60 points. BRIndex100 touched intraday high of 4,547.89 and intraday low of 4,507.06

Published 17 May, 2018 12:00am

EFU TAKAFUL GROWTH FUND RATES

EFU Takaful Growth Fund Rates on Wednesday (May 16, 2018).

Published 17 May, 2018 12:00am

BRIndex100 remains jittery

Pakistan Stock Exchange Wednesday remained under pressure due to selling from local and foreign investors. BRIndex100 lost 23.13 points or 0.51 percent to close at 4,513.60 points. BRIndex100 touched intraday high of 4,547.89 and intraday low of 4,507.06

Published 17 May, 2018 12:00am

EFU TAKAFUL AGGRESSIVE FUND RATES

EFU Takaful Aggressive Fund Rates on Wednesday (May 16, 2018).

Published 17 May, 2018 12:00am

BRIndex100 remains jittery

Pakistan Stock Exchange Wednesday remained under pressure due to selling from local and foreign investors. BRIndex100 lost 23.13 points or 0.51 percent to close at 4,513.60 points. BRIndex100 touched intraday high of 4,547.89 and intraday low of 4,507.06

Published 17 May, 2018 12:00am

EFU TAKAFUL AGGRESSIVE FUND RATES

EFU Takaful Aggressive Fund Rates on Wednesday (May 16, 2018).

Published 17 May, 2018 12:00am

Countervailing duties on PET imports: WTO body rules against EU

In a key decision, the highest trade adjudicatory body at World Trade Organisation (WTO), has ruled against European Union's (EU) countervailing duties imposed on import polyethylene terephthalate (PET) from Pakistan. The European Union had imposed crippl

Published 17 May, 2018 12:00am

EFU TAKAFUL AGGRESSIVE FUND RATES

EFU Takaful Aggressive Fund Rates on Wednesday (May 16, 2018).

Published 17 May, 2018 12:00am

Countervailing duties on PET imports: WTO body rules against EU

In a key decision, the highest trade adjudicatory body at World Trade Organisation (WTO), has ruled against European Union's (EU) countervailing duties imposed on import polyethylene terephthalate (PET) from Pakistan. The European Union had imposed crippl

Published 17 May, 2018 12:00am

Dates of Closure of Books & Annual General Meetings

Dates of Closure of Books and holding of Ordinary and Extra-Ordinary General Meetings of companies listed on the stock exchanges.

Published 17 May, 2018 12:00am

Countervailing duties on PET imports: WTO body rules against EU

In a key decision, the highest trade adjudicatory body at World Trade Organisation (WTO), has ruled against European Union''s (EU) countervailing duties imposed on import polyethylene terephthalate (PET) from Pakistan. The European Union had imposed cripp

Published 17 May, 2018 12:00am

Clearing Schedule for T+2 System

Pakistan Stock Exchange's Clearing Schedule for T+2 System.

Published 17 May, 2018 12:00am

Exports to increase 20 percent in two months: Miftah

Finance Minister Dr Miftah Ismail Wednesday claimed that exports of the country would grow up to 20 percent in two months (May and June). Winding up the debate on cut motions pertaining to his ministry in the National Assembly, the minister said, "The pre

Published 17 May, 2018 12:00am

Proposed right issues

Right issues proposed by companies listed on Pakistan Stock Exchange.

Published 17 May, 2018 12:00am

Exports to increase 20 percent in two months: Miftah

Finance Minister Dr Miftah Ismail Wednesday claimed that exports of the country would grow up to 20 percent in two months (May and June). Winding up the debate on cut motions pertaining to his ministry in the National Assembly, the minister said, "The pre

Published 17 May, 2018 12:00am

Last date of renunciation/payment

Last dates of renunciation/payment.

Published 17 May, 2018 12:00am

Exports to increase 20 percent in two months: Miftah

Finance Minister Dr Miftah Ismail Wednesday claimed that exports of the country would grow up to 20 percent in two months (May and June). Winding up the debate on cut motions pertaining to his ministry in the National Assembly, the minister said, "The pre

Published 17 May, 2018 12:00am

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 17 May, 2018 12:00am

Currency

Export growth: Pakistan joins club of top achievers: Dagha

Commerce Secretary Younus Dagha Wednesday said Pakistan has entered into the club of countries which are achieving high growth in exports. He made this claim at the first meeting of the reconstituted Senate Standing Committee on Commerce and Textile heade

Published 17 May, 2018 12:00am

BRIndex100 and BR Sectoral Indices

BRIndex100 and BR Sectoral Indices on Wednesday (May 16, 2018).

Published 17 May, 2018 12:00am

Currency

Export growth: Pakistan joins club of top achievers: Dagha

Commerce Secretary Younus Dagha Wednesday said Pakistan has entered into the club of countries which are achieving high growth in exports. He made this claim at the first meeting of the reconstituted Senate Standing Committee on Commerce and Textile heade

Published 17 May, 2018 12:00am

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

National Clearing Company declares daily settlement information for local & foreign investors on Wednesday (May 16, 2018).

Published 17 May, 2018 12:00am

Currency

Export growth: Pakistan joins club of top achievers: Dagha

Commerce Secretary Younus Dagha Wednesday said Pakistan has entered into the club of countries which are achieving high growth in exports. He made this claim at the first meeting of the reconstituted Senate Standing Committee on Commerce and Textile heade

Published 17 May, 2018 12:00am

Mutual Funds

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Wednesday (May 16, 2018)

Published 17 May, 2018 12:00am

Iran, Venezuela weighing on oil market: IEA

Global oil supplies could be hit by the decision by the US to pull out of the Iran nuclear deal, and also by falling production in crisis-hit Venezuela, the IEA said on Wednesday. The decision by US President Donald Trump to withdraw from the Iran deal "h

Published 17 May, 2018 12:00am

Mutual Funds

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Wednesday (May 16, 2018)

Published 17 May, 2018 12:00am

Iran, Venezuela weighing on oil market: IEA

Global oil supplies could be hit by the decision by the US to pull out of the Iran nuclear deal, and also by falling production in crisis-hit Venezuela, the IEA said on Wednesday. The decision by US President Donald Trump to withdraw from the Iran deal "h

Published 17 May, 2018 12:00am

Mutual Funds

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Wednesday (May 16, 2018)

Published 17 May, 2018 12:00am

Iran, Venezuela weighing on oil market: IEA

Global oil supplies could be hit by the decision by the US to pull out of the Iran nuclear deal, and also by falling production in crisis-hit Venezuela, the IEA said on Wednesday. The decision by US President Donald Trump to withdraw from the Iran deal "h

Published 17 May, 2018 12:00am

PM directs PML-N MNAs to ensure presence for smooth passage of budget

Annoyed with the thin attendance of lawmakers of ruling Pakistan Muslim League-Nawaz (PML-N) in the ongoing budget session of National Assembly, Prime Minister Shahid Khaqan Abbasi on Wednesday directed party members to ensure their presence during the se

Published 17 May, 2018 12:00am

India halts military operations in IHK

Indian military operations against freedom fighters in held Kashmir territory were suspended Wednesday in a rare gesture for the holy month of Ramadan. The 30-day halt is the first of its kind in Indian-held Kashmir for nearly two decades, and follows an

Published 17 May, 2018 12:00am

India halts military operations in IHK

Indian military operations against freedom fighters in held Kashmir territory were suspended Wednesday in a rare gesture for the holy month of Ramadan. The 30-day halt is the first of its kind in Indian-held Kashmir for nearly two decades, and follows an

Published 17 May, 2018 12:00am

Fata bill must be adopted before May 31: PM

Prime Minister Shahid Khaqan Abbasi has directed that Federally Administered Tribal Areas (Fata) reform bill must be passed before the end of its term on 31 May. Abbasi issued these directives during a PML-N parliamentary party meeting that he chaired at

Published 17 May, 2018 12:00am

Fata bill must be adopted before May 31: PM

Prime Minister Shahid Khaqan Abbasi has directed that Federally Administered Tribal Areas (Fata) reform bill must be passed before the end of its term on 31 May. Abbasi issued these directives during a PML-N parliamentary party meeting that he chaired at

Published 17 May, 2018 12:00am

Sharif says will 'reveal' names of those behind PTI sit-in

Former Prime Minister Nawaz Sharif Wednesday claimed that there were a number of big characters behind Pakistan Tehreek-e-Insaf (PTI) sit-in of 2014 and he will reveal their names at "some appropriate time". There were big characters behind the sit-ins of

Published 17 May, 2018 12:00am

Sharif says will 'reveal' names of those behind PTI sit-in

Former Prime Minister Nawaz Sharif Wednesday claimed that there were a number of big characters behind Pakistan Tehreek-e-Insaf (PTI) sit-in of 2014 and he will reveal their names at "some appropriate time". There were big characters behind the sit-ins of

Published 17 May, 2018 12:00am

34 demands for grants approved by NA

The National Assembly Wednesday approved as many as 34 demands for grants, valuing Rs 765.77 billion, for the next financial year relating to various ministries and their divisions. The opposition parties, Pakistan Tehreek-e-Insaf (PTI) and Pakistan Peopl

Published 17 May, 2018 12:00am

34 demands for grants approved by NA

The National Assembly Wednesday approved as many as 34 demands for grants, valuing Rs 765.77 billion, for the next financial year relating to various ministries and their divisions. The opposition parties, Pakistan Tehreek-e-Insaf (PTI) and Pakistan Peopl

Published 17 May, 2018 12:00am

With friends like Trump, who needs enemies: EU chief

The European Union's top official launched a stinging attack Wednesday on President Donald Trump, slamming his "capricious assertiveness" and saying the US leader acted more like an enemy than a friend. EU president Donald Tusk urged leaders meeting in Bu

Published 17 May, 2018 12:00am

With friends like Trump, who needs enemies: EU chief

The European Union's top official launched a stinging attack Wednesday on President Donald Trump, slamming his "capricious assertiveness" and saying the US leader acted more like an enemy than a friend. EU president Donald Tusk urged leaders meeting in Bu

Published 17 May, 2018 12:00am

Currency

Another package for exports

Federal Finance Minister Miftah Ismail in his budget wind-up speech announced that a 24 billion rupee export package will be announced in the remaining two weeks of the tenure of the Abbasi-led administration. According to him, "we have decided on a new e

Published 17 May, 2018 12:00am

Combating the extremist mindset

Talking with media persons recently about the assassination attempt on Interior Minister Ahsan Iqbal, Punjab Law Minister Rana Sanaullah called for fighting the mindset, that is giving rise to such incidents - on that, no sane person would disagree with h

Published 17 May, 2018 12:00am

Currency

Governance, civil service and institutions

The digital warriors have nailed it! It is all about governance. You give us good governance and we will be swinging with the mightiest.

Published 17 May, 2018 12:00am

A loose cannon supreme leader

Hell hath no fury like Nawaz Sharif ousted from power. Disqualified in a Panama Papers scandal related case and facing corruption references in a NAB accountability court, he has been hurling accusations at the judiciary and the military for his troubles

Published 17 May, 2018 12:00am

How Rusal escaped the noose of US sanctions

They were supposed to be the toughest sanctions the United States had ever imposed on a Russian oligarch. Seventeen days later, Washington watered them down.

Published 17 May, 2018 12:00am

State of economy

This is apropos a Business Recorder op-ed "Worsening fiscal and external balances" carried by the newspaper yesterday. The writer, a former finance secretary, has stated inter alia, that "the poor state of fiscal finances is fully reflected in the

Published 17 May, 2018 12:00am

Cadet College Mastung's video helps identify nine suspects

The Balochistan High Court (BHC) on Wednesday directed Deputy Inspector General (DIG) Aitzaz Goraya to visit Cadet College Mastung to eliminate fear among students after a video of corporal punishment at the institution went viral.

Published 17 May, 2018 12:00am

Ramazan-ul-Mubarak: KCCI chief urges government, KMC to keep eye on profiteers and hoarders

President of the Karachi Chamber of Commerce & Industry (KCCI), Muffasar Atta Malik has urged the Sindh government and Karachi Municipal Corporation (KMC) to take stringent action against those profiteers and hoarders who are responsible for looting the m

Published 17 May, 2018 12:00am

Asghar Khan case: Aslam Baig appears before committee

Former army chief General Mirza Aslam Baig (retd) on Wednesday appeared before Federal Investigation Agency's (FIA) five-member committee in Asghar Khan case.

Published 17 May, 2018 12:00am

As climate risks grow, Azad Kashmir boosts emergency plans

When major floods hit Azad Kashmir in 2016, Jawad Hussain, a worker at the local government disaster agency, had to wait hours to receive updates on what kind of help was needed and where. The delays meant families were left without aid for days, he said,

Published 17 May, 2018 12:00am

Research culture to promote education: PU VC

Punjab University Vice Chancellor Professor Dr Nasira Jabeen has said that PU would play its role in promotion of research culture as it is a must for development of education sector in Pakistan. She was addressing the 9th post graduate conference organiz

Published 17 May, 2018 12:00am

Bank holiday

The State Bank of Pakistan and all banks will remain closed for public dealings on 1st Ramadan-ul-Mubarak 1439 A.H., which will be observed as 'Bank Holiday'; for the purpose of deduction of Zakat.

Published 17 May, 2018 12:00am

Treason case against Nawaz: LHC reserves verdict on maintainability of petition

The Lahore High Court on Wednesday reserved its verdict on maintainability of a petition seeking action against Nawaz Sharif under treason charges for his recent media statement on Mumbai attacks. The court was hearing two petitions-one filed by General S

Published 17 May, 2018 12:00am

APPMA urges Miftah to reduce taxes on imported paperboard

Chairman of All Pakistan Paper Merchants Association (APPMA) Muhammad Saleem Bikiya has urged Federal Finance Minister Dr Miftah Ismail to reduce duty taxes on imported paperboard used in education sector for making copies, exercise books and other printe

Published 17 May, 2018 12:00am

BMP condemns shifting of FPCCI office

Businessman Panel (BMP) has condemned the shifting of the Regional Office of the Federation of Pakistan Chamber of Commerce & Industry (FPCCI) and the appointment of a coordinator to run its affairs as the violation of rules of the apex trade body. The pr

Published 17 May, 2018 12:00am

Ex-KDA official arrested by NAB

NAB Karachi arrested one Saif Abbas former Director Land KDA (currently serving as Director Sports and Culture KMC), who was wanted in an investigation pertaining to illegal sale and leases of 300 plots comprising 265 acres of precious state land.

Published 17 May, 2018 12:00am

Currency	Rate
USD PKR Interbank Selling / Mar 25	280.52
USD PKR Interbank Buying / Mar 25	280.27
USD to Japanese Yen / Mar 26	150.14
USD to Swiss Franc / Mar 26	0.88
Pound Sterling to USD / Mar 26	1.29
Euro to USD / Mar 26	1.08
UK LIBOR % / Mar 25	4.96

Stock	Volume
S&P 500 / Mar 25	5,776.65
Nasdaq / Mar 25	18,271.86
Dow Jones / Mar 25	42,587.50
India Sensex / Mar 26	77,971.12
Tokyo Nikkei / Mar 26	38,027.29
Hang Seng / Mar 26	23,483.32
FTSE 100 / Mar 26	8,660.31
Germany DAX 30 / Mar 26	22,923.69
France CAC40 / Mar 26	8,042.59

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 25	17,085
Gold 10 Grams PKR / Mar 25	272,462
Crude Oil USD/Barrel / Mar 26	69.26
Gold Spot USD/Ounce / Mar 26	3,018.44
Cotton US¢/pound / Mar 26	65.37
Petrol/Litre / Mar 27	255.63
Diesel/Litre / Mar 27	258.64

Stock	Price
Mughal Iron & Steel (R) / Mar 26 Mughal Iron & Steel Industries Limited (R)(MUGHALR2)	3.01 ▲ 1 (49.75%)
Sec. Inv. Bank / Mar 26 Security Investment Bank Limited(SIBL)	9.99 ▲ 1 (11.12%)
Zephyr Textile / Mar 26 Zephyr Textiles Limited(ZTL)	11.40 ▲ 1.04 (10.04%)
Leiner Pak Gelat / Mar 26 Leiner Pak Gelatine Limited(LPGL)	110.80 ▲ 10.07 (10%)
Philip Morris Pak. / Mar 26 Philip Morris (Pakistan) Limited(PMPK)	737.77 ▲ 67.07 (10%)
Data Agro / Mar 26 Data Agro Limited(DAAG)	96.62 ▲ 8.78 (10%)
Baba Farid Sugar / Mar 26 Baba Farid Sugar Mills Limited(BAFS)	58.44 ▲ 5.31 (9.99%)
Crescent Fib. / Mar 26 Crescent Fibres Limited(CFL)	45.70 ▲ 4.14 (9.96%)
Popular Islamic / Mar 26 Popular Islamic Modaraba(PIM)	14.48 ▲ 1.31 (9.95%)
The Thal Ind.Corp. / Mar 26 The Thal Industries Corporation Limited(TICL)	340 ▲ 30.55 (9.87%)

Stock	Price
Elahi Cot. / Mar 26 Elahi Cotton Mills Limited(ELCM)	135.93 ▼ -15.1 (-10%)
Power Cem(Pref) / Mar 26 Power Cement (Pref)(POWERPS)	12.95 ▼ -1.38 (-9.63%)
Atlas Ins. Ltd / Mar 26 Atlas Insurance Limited(ATIL)	58.50 ▼ -5.48 (-8.57%)
Bela Auto / Mar 26 Bela Automotives Limited(BELA)	167 ▼ -14.94 (-8.21%)
Kohat Textile / Mar 26 Kohat Textile Mills Limited(KOHTM)	28.15 ▼ -2.4 (-7.86%)
Jubilee Spinning / Mar 26 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	10.88 ▼ -0.89 (-7.56%)
Frontier Ceram / Mar 26 Frontier Ceramics Limited(FRCL)	22.40 ▼ -1.82 (-7.51%)
Noon Sugar / Mar 26 Noon Sugar Mills Limited(NONS)	73.62 ▼ -5.95 (-7.48%)
PIA Holding Co.B / Mar 26 PIA Holding Company Limited B(PIAHCLB)	900.16 ▼ -71.96 (-7.4%)
UDL International / Mar 26 UDL International Limited(UDLI)	7.11 ▼ -0.53 (-6.94%)

Stock	Volume
Pak Elektron / Mar 26 Pak Elektron Limited(PAEL)	29,093,385 ▲ 1.6
P.S.O. / Mar 26 Pakistan State Oil Company Limited(PSO)	26,846,685 ▲ 1.38
TRG Pak Ltd / Mar 26 TRG Pakistan Limited(TRG)	22,825,615 ▼ -0.92
Cnergyico PK / Mar 26 Cnergyico PK Limited(CNERGY)	17,176,390 ▲ 0.07
B.O.Punjab / Mar 26 The Bank of Punjab(BOP)	16,063,012 ▼ -0.18
Pak Petroleum / Mar 26 Pakistan Petroleum Limited(PPL)	15,868,233 ▲ 7.49
Engro Fert. / Mar 26 Engro Fertilizers Limited(EFERT)	14,391,574 ▼ -1.85
WorldCall Telecom / Mar 26 Worldcall Telecom Limited(WTL)	12,412,844 ▲ 0.01
TPL REIT Fund I / Mar 26 TPL REIT Fund I(TPLRF1)	11,002,839 ▲ 0.06
Fauji Cement / Mar 26 Fauji Cement Company Limited(FCCL)	10,156,162 ▲ 1.41

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