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Print - 2018-07-13
Stopping the rot

Stopping the rot

While there is considerable unease about Supreme Court exercising its suo motu powers rather excessively, the officialdom has repeatedly shown an uninhibited propensity to violate rules and regulations for self-benefit. The latest case is that of illegall
Published 13 Jul, 2018 12:00am
IMF programme: Not just an option anymore
Currency

IMF programme: Not just an option anymore

The current state of the economy leaves no room for doubt that the next elected government would have to go on an International Monetary Fund (IMF) programme even if one takes the heavily doctored data into consideration: debt of 72 percent of Gross Domes
Published 13 Jul, 2018 12:00am
UK publishes Brexit plan that sparked rebellion

UK publishes Brexit plan that sparked rebellion

The British government on Thursday published its long-awaited Brexit blueprint aimed at restarting stalled talks with the European Union, only for it to be panned by eurosceptics, the City of London and the US president. Prime Minister Theresa May said he
Published 13 Jul, 2018 12:00am
UK publishes Brexit plan that sparked rebellion

UK publishes Brexit plan that sparked rebellion

The British government on Thursday published its long-awaited Brexit blueprint aimed at restarting stalled talks with the European Union, only for it to be panned by eurosceptics, the City of London and the US president. Prime Minister Theresa May said he
Published 13 Jul, 2018 12:00am
Cement industry to invest Rs 254 billion

Cement industry to invest Rs 254 billion

Rising demand and healthy margins encouraged cement manufacturers to invest some Rs 254 billion for expansion of their production capacities aggressively from 49.4 million tons to 72.8 million tons in the next few years.
Published 13 Jul, 2018 12:00am
Cement industry to invest Rs 254 billion

Cement industry to invest Rs 254 billion

Rising demand and healthy margins encouraged cement manufacturers to invest some Rs 254 billion for expansion of their production capacities aggressively from 49.4 million tons to 72.8 million tons in the next few years.
Published 13 Jul, 2018 12:00am
Cement industry to invest Rs 254 billion

Cement industry to invest Rs 254 billion

Rising demand and healthy margins encouraged cement manufacturers to invest some Rs 254 billion for expansion of their production capacities aggressively from 49.4 million tons to 72.8 million tons in the next few years.
Published 13 Jul, 2018 12:00am
Former Barclays trader found guilty in Euribor case

Former Barclays trader found guilty in Euribor case

A London court on Thursday found a former trader with Barclays bank guilty of manipulating the Euribor interbank rate. Philippe Moryoussef, a French national, was accused along with five other traders from Barclays and Deutsche Bank of manipulating the ra
Published 13 Jul, 2018 12:00am
Former Barclays trader found guilty in Euribor case

Former Barclays trader found guilty in Euribor case

A London court on Thursday found a former trader with Barclays bank guilty of manipulating the Euribor interbank rate. Philippe Moryoussef, a French national, was accused along with five other traders from Barclays and Deutsche Bank of manipulating the ra
Published 13 Jul, 2018 12:00am
First-ever colour X-ray on a human

First-ever colour X-ray on a human

New Zealand scientists have performed the first-ever 3-D, colour X-ray on a human, using a technique that promises to improve the field of medical diagnostics, said Europe's CERN physics lab which contributed imaging technology.
Published 13 Jul, 2018 12:00am
First-ever colour X-ray on a human

First-ever colour X-ray on a human

New Zealand scientists have performed the first-ever 3-D, colour X-ray on a human, using a technique that promises to improve the field of medical diagnostics, said Europe's CERN physics lab which contributed imaging technology.
Published 13 Jul, 2018 12:00am
Qasmi's appointment: Judgement reserved

Qasmi's appointment: Judgement reserved

The Supreme Court on Thursday directed all the authorities concerned to cooperate with secretary interior for bringing back former Finance Minister Ishaq Dar from London who has been summoned in the Attaul Haq Qasim appointment case. The court ordered tha
Published 13 Jul, 2018 12:00am
Qasmi's appointment: Judgement reserved

Qasmi's appointment: Judgement reserved

The Supreme Court on Thursday directed all the authorities concerned to cooperate with secretary interior for bringing back former Finance Minister Ishaq Dar from London who has been summoned in the Attaul Haq Qasim appointment case. The court ordered tha
Published 13 Jul, 2018 12:00am
Two references: Accountability court rejects Nawaz's petition

Two references: Accountability court rejects Nawaz's petition

The Accountability Court on Thursday rejected the application of former Prime Minister Nawaz Sharif wherein he had requested Judge Muhammad Bashir to recuse himself from the trial proceedings of the Al-Azizia and Flagship references.
Published 13 Jul, 2018 12:00am
Two references: Accountability court rejects Nawaz's petition

Two references: Accountability court rejects Nawaz's petition

The Accountability Court on Thursday rejected the application of former Prime Minister Nawaz Sharif wherein he had requested Judge Muhammad Bashir to recuse himself from the trial proceedings of the Al-Azizia and Flagship references.
Published 13 Jul, 2018 12:00am
Long-jailed Iran former deputy PM dies aged 86

Long-jailed Iran former deputy PM dies aged 86

A former Iranian deputy prime minister who spent years in jail on charges of spying for the US died Thursday at the age of 86, state media reported. Abbas Amir-Entezam, regarded as a liberal, had spent decades in jail after being found guilty of espionage
Published 13 Jul, 2018 12:00am
Long-jailed Iran former deputy PM dies aged 86

Long-jailed Iran former deputy PM dies aged 86

A former Iranian deputy prime minister who spent years in jail on charges of spying for the US died Thursday at the age of 86, state media reported. Abbas Amir-Entezam, regarded as a liberal, had spent decades in jail after being found guilty of espionage
Published 13 Jul, 2018 12:00am
FPSC quota: IHC seeks office memo

FPSC quota: IHC seeks office memo

The Islamabad High Court on Thursday sought office memorandum of Federal Public Service Commission (FPSC) under which quota is fixed for armed forces in civil services. A single judge bench comprising Justice Shaukat Aziz Siddiqui heard the case regarding
Published 13 Jul, 2018 12:00am
The Weather

The Weather

The weather report on Thursday (July 12, 2018) and the forecast for Friday (July 13, 2018).

Published 13 Jul, 2018 12:00am
FPSC quota: IHC seeks office memo

FPSC quota: IHC seeks office memo

The Islamabad High Court on Thursday sought office memorandum of Federal Public Service Commission (FPSC) under which quota is fixed for armed forces in civil services. A single judge bench comprising Justice Shaukat Aziz Siddiqui heard the case regarding
Published 13 Jul, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (July 12, 2018).

Published 13 Jul, 2018 12:00am
MPS tomorrow: Key policy rate may go up

MPS tomorrow: Key policy rate may go up

The monetary policy decision for the next two months will be announced Saturday with expectations of some surge in key policy rate. After the meeting of independent Monetary Policy Committee, governor State Bank of Pakistan, Tariq Bajwa will unveil Moneta
Published 13 Jul, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (July 12, 2018).

Published 13 Jul, 2018 12:00am
MPS tomorrow: Key policy rate may go up

MPS tomorrow: Key policy rate may go up

The monetary policy decision for the next two months will be announced Saturday with expectations of some surge in key policy rate. After the meeting of independent Monetary Policy Committee, governor State Bank of Pakistan, Tariq Bajwa will unveil Moneta
Published 13 Jul, 2018 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 13 Jul, 2018 12:00am
MPS tomorrow: Key policy rate may go up

MPS tomorrow: Key policy rate may go up

The monetary policy decision for the next two months will be announced Saturday with expectations of some surge in key policy rate. After the meeting of independent Monetary Policy Committee, governor State Bank of Pakistan, Tariq Bajwa will unveil Moneta
Published 13 Jul, 2018 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 13 Jul, 2018 12:00am
MPS tomorrow: Key policy rate may go up

MPS tomorrow: Key policy rate may go up

The monetary policy decision for the next two months will be announced Saturday with expectations of some surge in key policy rate. After the meeting of independent Monetary Policy Committee, governor State Bank of Pakistan, Tariq Bajwa will unveil Moneta
Published 13 Jul, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (July 12, 2018).

Published 13 Jul, 2018 12:00am
Russia extends Western food embargo to end of 2019

Russia extends Western food embargo to end of 2019

Russian President Vladimir Putin on Thursday extended Moscow's embargo on food products from the West to the end of 2019, continuing its retaliation against sanctions over Ukraine. A decree signed by Putin and posted on an official government website says
Published 13 Jul, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (July 12, 2018)

Published 13 Jul, 2018 12:00am
UK clears way for 21st Century Fox to buy Sky

UK clears way for 21st Century Fox to buy Sky

Britain on Thursday cleared the way for Rupert Murdoch's 21st Century Fox to take full control of pan-European TV giant Sky after Fox agreed to address media plurality concerns. Despite the clearance, satellite pay-TV group Sky could still end up being bo
Published 13 Jul, 2018 12:00am
BRIndex100 advances

BRIndex100 advances

Pakistan Stock Exchange (PSX) remained positive for the third consecutive day, on Thursday. BRIndex100 gained another 35.61 points or 0.84 percent to close at 4,266.32 points as compared to 4,230.71 points Wednesday. BRIndex100 touched intraday high of 4,
Published 13 Jul, 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 (July 12, 2018).

Published 13 Jul, 2018 12:00am
BRIndex100 advances

BRIndex100 advances

Pakistan Stock Exchange (PSX) remained positive for the third consecutive day, on Thursday. BRIndex100 gained another 35.61 points or 0.84 percent to close at 4,266.32 points as compared to 4,230.71 points Wednesday. BRIndex100 touched intraday high of 4,
Published 13 Jul, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (July 12, 2018).

Published 13 Jul, 2018 12:00am
BRIndex100 advances

BRIndex100 advances

Pakistan Stock Exchange (PSX) remained positive for the third consecutive day, on Thursday. BRIndex100 gained another 35.61 points or 0.84 percent to close at 4,266.32 points as compared to 4,230.71 points Wednesday. BRIndex100 touched intraday high of 4,
Published 13 Jul, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (July 12, 2018).

Published 13 Jul, 2018 12:00am
FIA restrained from taking action against Zardari, sister till elections

FIA restrained from taking action against Zardari, sister till elections

The Supreme Court on Thursday directed Federal Investigation Agency to continue probe against all the persons allegedly involved in fake bank accounts scam except former President Asif Ali Zardari and his sister Faryal Talpur. The Chief Justice said: "We
Published 13 Jul, 2018 12:00am
FIA restrained from taking action against Zardari, sister till elections

FIA restrained from taking action against Zardari, sister till elections

The Supreme Court on Thursday directed Federal Investigation Agency to continue probe against all the persons allegedly involved in fake bank accounts scam except former President Asif Ali Zardari and his sister Faryal Talpur. The Chief Justice said: "We
Published 13 Jul, 2018 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

Steadier trend was witnessed on the money market on Thursday as the rupee held the overnight levels against the dollar in process of trading activity, dealers said.
Published 13 Jul, 2018 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

Steadier trend was witnessed on the money market on Thursday as the rupee held the overnight levels against the dollar in process of trading activity, dealers said.
Published 13 Jul, 2018 12:00am
Funds only for dams, not for budgetary support

Funds only for dams, not for budgetary support

The government will be unable to utilize donations received in Diamer Basha and Mohmand Dam Fund for other purposes including budgetary support because an exclusive account has been opened for the purpose, sources in the Finance Ministry told Business
Published 13 Jul, 2018 12:00am
Funds only for dams, not for budgetary support

Funds only for dams, not for budgetary support

The government will be unable to utilize donations received in Diamer Basha and Mohmand Dam Fund for other purposes including budgetary support because an exclusive account has been opened for the purpose, sources in the Finance Ministry told Business
Published 13 Jul, 2018 12:00am
Funds only for dams, not for budgetary support

Funds only for dams, not for budgetary support

The government will be unable to utilize donations received in Diamer Basha and Mohmand Dam Fund for other purposes including budgetary support because an exclusive account has been opened for the purpose, sources in the Finance Ministry told Business
Published 13 Jul, 2018 12:00am
Construction of dams: SC-formed body lists reasons behind delays

Construction of dams: SC-formed body lists reasons behind delays

The Implementation Committee of Diamer Bhasha and Mohmand Dams (ICDBMD) constituted by the Supreme Court of Pakistan Thursday identified causes for the delay in construction of both key dams, including funding issues. The cost of both projects has been es
Published 13 Jul, 2018 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (July 12, 2018).

Published 13 Jul, 2018 12:00am
Construction of dams: SC-formed body lists reasons behind delays

Construction of dams: SC-formed body lists reasons behind delays

The Implementation Committee of Diamer Bhasha and Mohmand Dams (ICDBMD) constituted by the Supreme Court of Pakistan Thursday identified causes for the delay in construction of both key dams, including funding issues. The cost of both projects has been es
Published 13 Jul, 2018 12:00am
No trade talks unless US ''takes gun off'' China''s head: Beijing

No trade talks unless US ''takes gun off'' China''s head: Beijing

The United States should "take the gun off" China''s head and start keeping its word in order to have useful talks on ending a trade war, Beijing''s deputy commerce minister said Thursday. Wang Shouwen, representing China during the country''s policy revi
Published 13 Jul, 2018 12:00am
No trade talks unless US 'takes gun off' China's head: Beijing

No trade talks unless US 'takes gun off' China's head: Beijing

The United States should "take the gun off" China's head and start keeping its word in order to have useful talks on ending a trade war, Beijing's deputy commerce minister said Thursday. Wang Shouwen, representing China during the country's policy review
Published 13 Jul, 2018 12:00am
No trade talks unless US 'takes gun off' China's head: Beijing

No trade talks unless US 'takes gun off' China's head: Beijing

The United States should "take the gun off" China's head and start keeping its word in order to have useful talks on ending a trade war, Beijing's deputy commerce minister said Thursday. Wang Shouwen, representing China during the country's policy review
Published 13 Jul, 2018 12:00am
World oil supply risks being ''stretched to limit'': IEA

World oil supply risks being ''stretched to limit'': IEA

Rising global oil supply, driven by crude giants Saudi Arabia and Russia, may come under pressure as key producers face disruptions, the International Energy Agency said Thursday. The IEA welcomed in its July report last month''s agreement between the Org
Published 13 Jul, 2018 12:00am
World oil supply risks being 'stretched to limit': IEA

World oil supply risks being 'stretched to limit': IEA

Rising global oil supply, driven by crude giants Saudi Arabia and Russia, may come under pressure as key producers face disruptions, the International Energy Agency said Thursday. The IEA welcomed in its July report last month's agreement between the Orga
Published 13 Jul, 2018 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 13 Jul, 2018 12:00am
World oil supply risks being 'stretched to limit': IEA

World oil supply risks being 'stretched to limit': IEA

Rising global oil supply, driven by crude giants Saudi Arabia and Russia, may come under pressure as key producers face disruptions, the International Energy Agency said Thursday. The IEA welcomed in its July report last month's agreement between the Orga
Published 13 Jul, 2018 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 13 Jul, 2018 12:00am
Punjab government must present Nawaz, Maryam before court: minister

Punjab government must present Nawaz, Maryam before court: minister

Caretaker Minister for Information and Broadcasting, Syed Ali Zafar has said that the federal government is providing assistance to the government of Punjab for maintaining law and order. Talking to media persons after attending the National Youth Confere
Published 13 Jul, 2018 12:00am
Punjab government must present Nawaz, Maryam before court: minister

Punjab government must present Nawaz, Maryam before court: minister

Caretaker Minister for Information and Broadcasting, Syed Ali Zafar has said that the federal government is providing assistance to the government of Punjab for maintaining law and order. Talking to media persons after attending the National Youth Confere
Published 13 Jul, 2018 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Pakistan Stock Exchange.

Published 13 Jul, 2018 12:00am
Hundreds of workers detained: PML-N

Hundreds of workers detained: PML-N

Police detained hundreds of members of the former ruling party in the central city of Lahore on Thursday, weeks before the country heads to the polls, party officials said. No official reason was given but PML-N says it is an attempt to stifle its ability
Published 13 Jul, 2018 12:00am
Lahore placed under high alert

Lahore placed under high alert

In the wake of prevailing security threats to the leaders of political parties, the law enforcement agencies have intensified security in the provincial capital by deploying Rangers and police ahead of return of Pakistan Muslim League-N (PML-N) supreme le
Published 13 Jul, 2018 12:00am
Lahore placed under high alert

Lahore placed under high alert

In the wake of prevailing security threats to the leaders of political parties, the law enforcement agencies have intensified security in the provincial capital by deploying Rangers and police ahead of return of Pakistan Muslim League-N (PML-N) supreme le
Published 13 Jul, 2018 12:00am
CoAS condoles with Bilour family in Peshawar

CoAS condoles with Bilour family in Peshawar

Chief of Army Staff (COAS) General Qamar Javed Bajwa Thursday reached Peshawar to condole with the family of slain ANP's leader Haroon Bilour. Interim Prime Minister former Justice Nasir-ul-Mulk also reached Peshawar to chair a high-level security meeting
Published 13 Jul, 2018 12:00am
CoAS condoles with Bilour family in Peshawar

CoAS condoles with Bilour family in Peshawar

Chief of Army Staff (COAS) General Qamar Javed Bajwa Thursday reached Peshawar to condole with the family of slain ANP's leader Haroon Bilour. Interim Prime Minister former Justice Nasir-ul-Mulk also reached Peshawar to chair a high-level security meeting
Published 13 Jul, 2018 12:00am
Cotton futures dip over 2 percent
Cotton

Cotton futures dip over 2 percent

ICE cotton futures slipped over 2 percent on Wednesday, to mark its biggest one-day percentage decline in three weeks, as trade tensions grew with the United States threatening 10 percent tariffs on $200 billion of imported Chinese goods.
Published 13 Jul, 2018 12:00am
Shanghai copper rises

Shanghai copper rises

Shanghai Futures Exchange copper closed up 1.3 percent at 49,000 yuan ($7,341.15) a tonne on Thursday, above a one-year low of 48,390 yuan a tonne struck on Wednesday. Shanghai nickel closed 3.6 percent higher. Heavy losses in the previous session had pus
Published 13 Jul, 2018 12:00am
Nickel rebounds as bullish investors go bargain hunting

Nickel rebounds as bullish investors go bargain hunting

Nickel rebounded on Thursday to its highest in a week as investors scrambled to buy at levels they regarded as cheap after steep losses amid fears of a trade war. The metal, used in stainless steel and a key ingredient in electric vehicle batteries, had s
Published 13 Jul, 2018 12:00am
Oil steadies despite IEA warning of spare capacity limits

Oil steadies despite IEA warning of spare capacity limits

Oil prices steadied on Thursday, after the International Energy Agency's (IEA) warned that the world's oil supply cushion "might be stretched to the limit" due to production losses in several different countries. Brent crude oil gained 59 cents a barrel t
Published 13 Jul, 2018 12:00am
Rubber ekes out gain

Rubber ekes out gain

Benchmark Tokyo rubber futures snapped two straight sessions of falls on Thursday on the back of firm Shanghai futures. The Tokyo Commodity Exchange rubber contract for December delivery finished 0.6 yen higher at 172.6 yen ($1.54) per kg. The most-active
Published 13 Jul, 2018 12:00am
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