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Print - 2018-06-29
The Weather

The Weather

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

Published 29 Jun, 2018 12:00am
Several dead in newsroom shooting in Annapolis

Several dead in newsroom shooting in Annapolis

Several people were feared killed Thursday in a shooting at the building that houses the Capital Gazette, a daily newspaper published in Annapolis, a historic city an hour east of Washington. A reporter for the Capital Gazette, Phil Davis, tweeted that a
Published 29 Jun, 2018 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Pakistan Stock Exchange.

Published 29 Jun, 2018 12:00am
Daniyal disqualified: SC deals fresh blows to PML-N

Daniyal disqualified: SC deals fresh blows to PML-N

The Supreme Court on Thursday sentenced Pakistan Muslim League-Nawaz (PNL-N) flamboyant leader and former Federal Minister for Privatization Daniyal Aziz 'till rising of the court' for committing the contempt of court. The sentence 'till rising of the cou
Published 29 Jun, 2018 12:00am
Daniyal disqualified: SC deals fresh blows to PML-N

Daniyal disqualified: SC deals fresh blows to PML-N

The Supreme Court on Thursday sentenced Pakistan Muslim League-Nawaz (PNL-N) flamboyant leader and former Federal Minister for Privatization Daniyal Aziz 'till rising of the court' for committing the contempt of court. The sentence 'till rising of the cou
Published 29 Jun, 2018 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Pakistan Stock Exchange.

Published 29 Jun, 2018 12:00am
Required exports under LTFF: State Bank introduces monitoring mechanism

Required exports under LTFF: State Bank introduces monitoring mechanism

The State Bank of Pakistan (SBP) has introduced a monitoring mechanism for required exports under Long Term Financing Facility (LTFF) to streamline the procedure for financing of projects. According to IH&SMEFD Circular No. 3 of 2018 issued Thursday, in o
Published 29 Jun, 2018 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 29 Jun, 2018 12:00am
Required exports under LTFF: State Bank introduces monitoring mechanism

Required exports under LTFF: State Bank introduces monitoring mechanism

The State Bank of Pakistan (SBP) has introduced a monitoring mechanism for required exports under Long Term Financing Facility (LTFF) to streamline the procedure for financing of projects. According to IH&SMEFD Circular No. 3 of 2018 issued Thursday, in o
Published 29 Jun, 2018 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 29 Jun, 2018 12:00am
Required exports under LTFF: State Bank introduces monitoring mechanism

Required exports under LTFF: State Bank introduces monitoring mechanism

The State Bank of Pakistan (SBP) has introduced a monitoring mechanism for required exports under Long Term Financing Facility (LTFF) to streamline the procedure for financing of projects. According to IH&SMEFD Circular No. 3 of 2018 issued Thursday, in o
Published 29 Jun, 2018 12:00am
Presentation at P.S.X. Auditorium

Presentation at P.S.X. Auditorium

Presentation at P.S.X. Auditorium (only for TRE certificate holders and their authorised employees).

Published 29 Jun, 2018 12:00am
BRIndex100 stays bullish

BRIndex100 stays bullish

Pakistan Stock Exchange Thursday witnessed another bullish session on the back of select buying, mainly by local investors. BRIndex100 gained 32.59 points or 0.73 percent to close at 4,483.86 points. BRIndex100 touched intraday high of 4,499.56 and intrad
Published 29 Jun, 2018 12:00am
BRIndex100 stays bullish

BRIndex100 stays bullish

Pakistan Stock Exchange Thursday witnessed another bullish session on the back of select buying, mainly by local investors. BRIndex100 gained 32.59 points or 0.73 percent to close at 4,483.86 points. BRIndex100 touched intraday high of 4,499.56 and intrad
Published 29 Jun, 2018 12:00am
BRIndex100 stays bullish

BRIndex100 stays bullish

Pakistan Stock Exchange Thursday witnessed another bullish session on the back of select buying, mainly by local investors. BRIndex100 gained 32.59 points or 0.73 percent to close at 4,483.86 points. BRIndex100 touched intraday high of 4,499.56 and intrad
Published 29 Jun, 2018 12:00am
Economic challenges: Caretaker government hamstrung by lack of mandate

Economic challenges: Caretaker government hamstrung by lack of mandate

The caretaker government has neither the mandate to take policy decisions nor the resources to provide any fiscal support to the export sectors and withdrawal of additional charge from the caretaker finance minister is not expected to make any difference,
Published 29 Jun, 2018 12:00am
Economic challenges: Caretaker government hamstrung by lack of mandate

Economic challenges: Caretaker government hamstrung by lack of mandate

The caretaker government has neither the mandate to take policy decisions nor the resources to provide any fiscal support to the export sectors and withdrawal of additional charge from the caretaker finance minister is not expected to make any difference,
Published 29 Jun, 2018 12:00am
Economic challenges: Caretaker government hamstrung by lack of mandate

Economic challenges: Caretaker government hamstrung by lack of mandate

The caretaker government has neither the mandate to take policy decisions nor the resources to provide any fiscal support to the export sectors and withdrawal of additional charge from the caretaker finance minister is not expected to make any difference,
Published 29 Jun, 2018 12:00am
PSEs: PM briefed about sell-off process

PSEs: PM briefed about sell-off process

Prime Minister former Justice Nasir-ul-Mulk has directed the Privatization Commission to conduct an analysis of the entire process to learn from the experience and further improve the future privatization of state entities. The Prime Minister on Thursday
Published 29 Jun, 2018 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (June 28, 2018).

Published 29 Jun, 2018 12:00am
PSEs: PM briefed about sell-off process

PSEs: PM briefed about sell-off process

Prime Minister former Justice Nasir-ul-Mulk has directed the Privatization Commission to conduct an analysis of the entire process to learn from the experience and further improve the future privatization of state entities. The Prime Minister on Thursday
Published 29 Jun, 2018 12:00am
PSEs: PM briefed about sell-off process

PSEs: PM briefed about sell-off process

Prime Minister former Justice Nasir-ul-Mulk has directed the Privatization Commission to conduct an analysis of the entire process to learn from the experience and further improve the future privatization of state entities. The Prime Minister on Thursday
Published 29 Jun, 2018 12:00am
Moody's lists factors elevating external vulnerability risk
Currency

Moody's lists factors elevating external vulnerability risk

Fragile external payment position and low reserve adequacy elevated the external vulnerability risk for Pakistan, says Moody's Investors Services. Moody's in its latest report titled "US dollar appreciation raises credit risk for sovereigns with large ext
Published 29 Jun, 2018 12:00am
Moody's lists factors elevating external vulnerability risk
Currency

Moody's lists factors elevating external vulnerability risk

Fragile external payment position and low reserve adequacy elevated the external vulnerability risk for Pakistan, says Moody's Investors Services. Moody's in its latest report titled "US dollar appreciation raises credit risk for sovereigns with large ext
Published 29 Jun, 2018 12:00am
Moody''s lists factors elevating external vulnerability risk
Currency

Moody''s lists factors elevating external vulnerability risk

Fragile external payment position and low reserve adequacy elevated the external vulnerability risk for Pakistan, says Moody''s Investors Services. Moody''s in its latest report titled "US dollar appreciation raises credit risk for sovereigns with large e
Published 29 Jun, 2018 12:00am
THE RUPEE: more gains
Currency

THE RUPEE: more gains

The rupee extended its overnight gains against the dollar on the money market on Thursday in the process of trading, marketmen said. The rupee moved cautiously, showing no change in relation to the dollar for buying and selling at Rs 121.54 and Rs 121.56
Published 29 Jun, 2018 12:00am
Moody''''s lists factors elevating external vulnerability risk
Currency

Moody''''s lists factors elevating external vulnerability risk

Fragile external payment position and low reserve adequacy elevated the external vulnerability risk for Pakistan, says Moody''''s Investors Services. Moody''''s in its latest report titled "US dollar appreciation raises credit risk for sovereigns with lar
Published 29 Jun, 2018 12:00am
THE RUPEE: more gains
Currency

THE RUPEE: more gains

The rupee extended its overnight gains against the dollar on the money market on Thursday in the process of trading, marketmen said. The rupee moved cautiously, showing no change in relation to the dollar for buying and selling at Rs 121.54 and Rs 121.56
Published 29 Jun, 2018 12:00am
Pakistan may remain on grey list: FO

Pakistan may remain on grey list: FO

The Foreign Office on Thursday confirmed that Financial Action Task Force (FATF) would most probably keep Pakistan on its grey list today (Friday) and ruled out any possibility of placing the country on the black list. In his weekly media briefing, Spokes
Published 29 Jun, 2018 12:00am
Pakistan may remain on grey list: FO

Pakistan may remain on grey list: FO

The Foreign Office on Thursday confirmed that Financial Action Task Force (FATF) would most probably keep Pakistan on its grey list today (Friday) and ruled out any possibility of placing the country on the black list. In his weekly media briefing, Spokes
Published 29 Jun, 2018 12:00am
Pakistan may remain on grey list: FO

Pakistan may remain on grey list: FO

The Foreign Office on Thursday confirmed that Financial Action Task Force (FATF) would most probably keep Pakistan on its grey list today (Friday) and ruled out any possibility of placing the country on the black list. In his weekly media briefing, Spokes
Published 29 Jun, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

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

Published 29 Jun, 2018 12:00am
LHC allows Fawad to contest elections from NA 67

LHC allows Fawad to contest elections from NA 67

The Lahore High Court on Thursday allowed Information Secretary Pakistan Tehreek-i-Insaf Fawad Chaudhry to contest the election from NA-67, Jhelum. The tribunal comprising Justice Ibadur Rehman Lodhi had disqualified Fawad Chaudhry invoking the Article 62
Published 29 Jun, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

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

Published 29 Jun, 2018 12:00am
Health and Wellness Centre inaugurated at LUMS

Health and Wellness Centre inaugurated at LUMS

Professor Dr S Sohail H Naqvi on behalf of LUMS signed an MoU with National Hospital and Medical Centre (NHMC) to develop and operate a "Health and Wellness Centre" on the University's premises for the provision of Emergency Medical Services to all member
Published 29 Jun, 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 Thursday (June 28, 2018).

Published 29 Jun, 2018 12:00am
Medical supplies: SC to take up petition against Kayani today

Medical supplies: SC to take up petition against Kayani today

Chief Justice Mian Saqib Nisar will take up a petition filed by a pensioned military officer today (Friday) against the apex court's registrar order for returning a constitutional petition against former Army Chief Ashfaq Parvez Kayani in medical scam. Ka
Published 29 Jun, 2018 12:00am
Medical supplies: SC to take up petition against Kayani today

Medical supplies: SC to take up petition against Kayani today

Chief Justice Mian Saqib Nisar will take up a petition filed by a pensioned military officer today (Friday) against the apex court's registrar order for returning a constitutional petition against former Army Chief Ashfaq Parvez Kayani in medical scam. Ka
Published 29 Jun, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (June 28, 2018)

Published 29 Jun, 2018 12:00am
Pakistan, OECD to strengthen ties in various areas

Pakistan, OECD to strengthen ties in various areas

Pakistan and Organization for Economic Cooperation and Development (OECD) would further strengthen their cooperation in various areas including tax related matters and sharing of experiences in social and economic development. The OECD will extend technic
Published 29 Jun, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

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

Published 29 Jun, 2018 12:00am
Pakistan, OECD to strengthen ties in various areas

Pakistan, OECD to strengthen ties in various areas

Pakistan and Organization for Economic Cooperation and Development (OECD) would further strengthen their cooperation in various areas including tax related matters and sharing of experiences in social and economic development. The OECD will extend technic
Published 29 Jun, 2018 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 29 Jun, 2018 12:00am
Pakistan, OECD to strengthen ties in various areas

Pakistan, OECD to strengthen ties in various areas

Pakistan and Organization for Economic Cooperation and Development (OECD) would further strengthen their cooperation in various areas including tax related matters and sharing of experiences in social and economic development. The OECD will extend technic
Published 29 Jun, 2018 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 29 Jun, 2018 12:00am
Five dead as plane plunges into Mumbai building site

Five dead as plane plunges into Mumbai building site

A small plane crashed into a construction site in a densely populated part of India's financial capital Mumbai on Thursday, killing five people including one on the ground, officials said. Images broadcast on Indian news channels showed flames and black s
Published 29 Jun, 2018 12:00am
Bullion Rates

Bullion Rates

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

Published 29 Jun, 2018 12:00am
Five dead as plane plunges into Mumbai building site

Five dead as plane plunges into Mumbai building site

A small plane crashed into a construction site in a densely populated part of India's financial capital Mumbai on Thursday, killing five people including one on the ground, officials said. Images broadcast on Indian news channels showed flames and black s
Published 29 Jun, 2018 12:00am
Bullion Rates

Bullion Rates

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

Published 29 Jun, 2018 12:00am
Amnesty scheme: Declarants facing delays in getting CPRs from SBP

Amnesty scheme: Declarants facing delays in getting CPRs from SBP

Massive numbers of foreign assets declarants under tax amnesty scheme are facing delays (2 to 4 days) in getting Computerized Payment Receipts (CPRs) from the State Bank of Pakistan (SBP). According to sources, presently, around 700 CPRs are pending in th
Published 29 Jun, 2018 12:00am
PPP, JUI-N enter into electoral alliance in Swabi

PPP, JUI-N enter into electoral alliance in Swabi

Leaders of Pakistan People's Party (PPP) and Jamait Ulema-e-Islam-Nazriati (JUI-N) have entered an electoral alliance at district Swabi level and vowed to contest July 25 general election from a joint platform.
Published 29 Jun, 2018 12:00am
Rainy weather forecast

Rainy weather forecast

The Metrological Office has predicted continuity of rainy weather for next three days. It may be noted that the city has already witnessed rainy spells over the last two days.
Published 29 Jun, 2018 12:00am
Pipeline bursts: Karachiites to face water shortage

Pipeline bursts: Karachiites to face water shortage

Due to a sudden power outage at the Dhabeji pumping station in Thatta, a water supply line burst and work is currently under way to repair it. Dhabeji is one of the main sources of water supply to Karachi. Water supply to Karachi through that line has bee
Published 29 Jun, 2018 12:00am
Caretaker minister visits Sindh IT department

Caretaker minister visits Sindh IT department

Caretaker Minister for Information Technology, Science & Technology, law and Environment Jameel Yusuf Thursday visited the Sindh Information Technology Department. Secretary Information Technology Agha Zaheeruddin, Director General Muhammad Yousuf and oth
Published 29 Jun, 2018 12:00am
MA exams: admit cards: KU notification

MA exams: admit cards: KU notification

KU Controller Examinations has notified that the admit cards to the candidates of External M A Previous and Final Annual Examinations 2017 had already been sent to their residential addresses by post. In case, they failed to receive it till 6th July 2018,
Published 29 Jun, 2018 12:00am
Farooq says not willing to contest election

Farooq says not willing to contest election

Muttahida Qaumi Movement (MQM) Pakistan leader Dr Farooq Sattar remains unwilling to contest Elections 2018 and also shared his mood with the party's coordination committee head Khalid Maqbool Siddiqui. "I have told Dr Khalid Maqbool Siddiqui and Coordina
Published 29 Jun, 2018 12:00am
MQM announces candidates for Hyderabad

MQM announces candidates for Hyderabad

Muttahida Quami Movement Pakistan has announced the names of its candidates who will contest elections on two out of three national and six provincial assembly seats of Hyderabad district.
Published 29 Jun, 2018 12:00am
KATI team apprises minister about issues

KATI team apprises minister about issues

A delegation of Korangi Association of Trade and Industry (KATI) led by its President Tariq Malik met Sindh Minister for Environment Jameel Yusuf and discussed various issues including highly polluting batching plants which is not only a health hazard for
Published 29 Jun, 2018 12:00am
JICA lauds services of Dr Zubair

JICA lauds services of Dr Zubair

On behalf of Japan International Cooperation Agency (JICA) Pakistan office and JICA project implementation team, Chief Representative JICA has offered deepest condolences over the sudden and sad demise of Dr Muhammad Zubair, Director of JICA grant aid pro
Published 29 Jun, 2018 12:00am
Senators perturbed over participation of banned outfits in polls

Senators perturbed over participation of banned outfits in polls

Senators have expressed serious concerns over certain banned terrorist outfits taking part in July 25 general election either by changing names of their proscribed organizations or their members are contesting as independent candidates.
Published 29 Jun, 2018 12:00am
Eighteen hosts its international launch in London

Eighteen hosts its international launch in London

After establishing its strong presence within the real estate industry of Pakistan, and extending its foothold in Dubai, Eighteen has now announced its arrival in northwest Europe with a grand launch event in London, at The Dorchester.
Published 29 Jun, 2018 12:00am
UBL launches new digital banking app

UBL launches new digital banking app

United Bank Limited (UBL) has launched its new Digital Banking App where customers experience hassle-free banking on the go. The app combines cutting-edge technology with traditional world class banking solutions creating a seamless digital banking experi
Published 29 Jun, 2018 12:00am
Electioneering gears up in Sialkot

Electioneering gears up in Sialkot

The election fever is on the rise as the rivals are flexing their political muscles diligently wooing voters to win their support in the elections in Sialkot district. The contesting candidates belonging to different political parties have started canvass
Published 29 Jun, 2018 12:00am
FCCI team arrives in Sydney

FCCI team arrives in Sydney

A 12-member FCCI (Faisalabad Chamber of Commerce & Industry) trade delegation headed by Shabbir Hussain Chawla has reached Sydney to explore business opportunities for Pakistani exporters in Australia. Addressing a meeting with businessmen from Australia
Published 29 Jun, 2018 12:00am
Maryam's election campaign begins

Maryam's election campaign begins

After submission of party affiliation certificates for NA-127 and PP-173, activists of the Pakistan Muslim League-Nawaz (PML-N) Thursday started the election campaign of Maryam Nawaz, daughter of Nawaz Sharif, who is currently in London due to illness of
Published 29 Jun, 2018 12:00am
SECP, GCU sign MoU to raise awareness on investment

SECP, GCU sign MoU to raise awareness on investment

The Securities Exchange Commission of Pakistan (SECP) on Thursday signed a memorandum of understanding (MoU) with Government College University (GCU) Lahore for enhancing financial literacy and awareness about capital investment in the society especially
Published 29 Jun, 2018 12:00am
Commercial forestry project: SPFC signs agreement with 43 bidders

Commercial forestry project: SPFC signs agreement with 43 bidders

South Punjab Forest Company (SPFC) has signed agreement with 43 bidders under its commercial forestry project under Public Private Partnership (PPP) and is expected to handover the land to these projects during the next month so as they can take benefit o
Published 29 Jun, 2018 12:00am
Shumaila's investment in Sprinkles Café

Shumaila's investment in Sprinkles Café

In the traditional society of Balochistan, women seldom venture out unless accompanied by the men of the family. Women work in just a few professions, often choosing to teach, or work in the garment trade. Shumaila Afsheen had other ideas. She had trained
Published 29 Jun, 2018 12:00am
Irfan Wahab elected OICCI president

Irfan Wahab elected OICCI president

Irfan Wahab Khan, CEO & President, Telenor Pakistan has been elected as the President of the Overseas Investors Chamber of Commerce and Industry (OICCI) with effect from July 1, 2018. His appointment came following a successful tenure of Bruno Olierhoek,
Published 29 Jun, 2018 12:00am
E-commerce readiness: Pakistan ranks 120th in ADB appraisal

E-commerce readiness: Pakistan ranks 120th in ADB appraisal

The unavailability of e-payment options implies a large proportion of e-commerce transactions remain cash on delivery (COD) - over 95 percent in Pakistan, says a report launched jointly by the Asian Development Bank (ADB) and the United Nations Economic a
Published 29 Jun, 2018 12:00am