News Archives for Print - 2018-10-18 - Business Recorder

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Print - 2018-10-18

Schools for martyred cops' children to be set up across Punjab: IGP

Schools for martyred cops' children to be set up across Punjab: IGP

Newly-appointed Punjab Inspector General of Police (IGP) Amjad Javed Saleemi has announced to establish schools for the children of martyred cops in all regions of the province besides issuance of insurance health cards to them.

Published 18 Oct, 2018 12:00am

Government budget covers realistic development targets: Buzdar

Government budget covers realistic development targets: Buzdar

Punjab chief minister Sardar Usman Buzdar has said that first budget of the PTI-led Punjab government is based on realistic development targets. "The budget 2018-19 also reflects the commitment of composite development and resources have also been provide

Published 18 Oct, 2018 12:00am

IWCCI delegation leaves for Belgium, France

IWCCI delegation leaves for Belgium, France

A ten-member delegation of Islamabad Women's Chamber of Commerce and Industry (IWCCI) left Pakistan on a ten-day visit to Belgium and France to explore business opportunities. The delegation is led by former vice president of FPCCI Naima Ansari which will

Published 18 Oct, 2018 12:00am

Partly Facetious : There's no competition

Partly Facetious : There's no competition

"So it's raining Asad Umar on the electronic media."

Published 18 Oct, 2018 12:00am

Centre, KP making all-out efforts for sustained economic growth: Mahmood

Centre, KP making all-out efforts for sustained economic growth: Mahmood

Chief Minister Khyber Pakhtunkhwa Mahmood Khan has said that the federal and provincial governments were making all-out efforts for sustained economic growth both at national and provincial levels and stressed the need for cooperation by the international

Published 18 Oct, 2018 12:00am

Panama Leaks: NAB's silence on trial of 436 persons creates doubts about its impartiality: Siraj

Panama Leaks: NAB's silence on trial of 436 persons creates doubts about its impartiality: Siraj

Emir Jamaat-e-Islami (JI) Sirajul Haq has said that silence of National Accountability Bureau (NAB) on trial of 436 persons named in Panama Leaks has been creating doubts about its impartiality. While talking to media persons here on Wednesday, he also sl

Published 18 Oct, 2018 12:00am

Energy Forum 2018: country to face gas shortage in winter: minister

Energy Forum 2018: country to face gas shortage in winter: minister

The consumers are likely to face gas shortage in upcoming winter as the demand is going to increase manifold during the season. While addressing the Energy Forum 2018, Minister for Petroleum Division Ghulam Sarwar Khan said that the country would be facin

Published 18 Oct, 2018 12:00am

Railways generates additional Rs 1 billion in first 50 days

Railways generates additional Rs 1 billion in first 50 days

Due to uphill efforts of Shaikh Rasheed Ahmad, Federal Minister for Railways, Pakistan Railways generated additional Rs 1 billion in first 50 days. From August 2017 to October 2017, Pakistan Railways earned Rs 5.7bn. In contrast, from August 2018 to Octob

Published 18 Oct, 2018 12:00am

Zardari pays tribute to martyrs of Karsaz

Zardari pays tribute to martyrs of Karsaz

Former President of Pakistan and President Pakistan Peoples Party Parliamentarians said that democracy which was restored after sacrifices of hundreds of martyrs is once again under threat. Asif Ali Zardari paid glowing tributes to the martyrs of Karsaz t

Published 18 Oct, 2018 12:00am

116 cops accused of MT carnage removed from posts

116 cops accused of MT carnage removed from posts

As many as 116 police officers including deputy superintendent of police, inspectors and investigation incharge have been removed from their posts on Wednesday for their alleged involvement in Model Town carnage. According to details, the sacked security

Published 18 Oct, 2018 12:00am

Plan under way to further expose India's criminal abuses of HR: Parliamentary panel told

Plan under way to further expose India's criminal abuses of HR: Parliamentary panel told

A parliamentary panel was told on Wednesday that the government is working on a comprehensive plan to further expose India's criminal abuses of human rights in pursuit of New Delhi's policy to suppress the movement of the Kashmiri people for the right to

Published 18 Oct, 2018 12:00am

SC wants billboards removed from public places within six weeks

SC wants billboards removed from public places within six weeks

The Supreme Court on Wednesday directed the authorities concerned to remove billboards from public places within six weeks. "We will not allow any public property and place to be used for erecting the hoarding," said Chief Justice Mian Saqib Nisar while h

Published 18 Oct, 2018 12:00am

E-office system introduced in MoF

E-office system introduced in MoF

In order to ensure efficiency and improved performance by officers at all levels, the Finance Division has implemented e-office programme in line with the government's priorities and policies. There are nearly 250 users in various wings for the e-office s

Published 18 Oct, 2018 12:00am

APCEA delegation meets Sri Lankan diplomat

APCEA delegation meets Sri Lankan diplomat

A delegation of All Pakistan Commercial Exporters Association (APCEA) headed by Chairman Engr Manzoor Elahi accompanied by Group Leader Haji Mamoor Khan, Vice Chairman Mehmood Alam, Mushtaq Ahmed, Akhtar Amin and Farooq Zaman Shah met Acting High Commissi

Published 18 Oct, 2018 12:00am

FBR simplifies IT return form for salaried class

FBR simplifies IT return form for salaried class

In order to facilitate the salaried taxpayers, the Federal Board of Revenue (FBR) has issued a separate and simplified income tax return form for persons deriving income from "salary" and "other sources" where income from salary is more than 50 percent of

Published 18 Oct, 2018 12:00am

TDAP, PAKFEA discuss to boost export of fisheries

TDAP, PAKFEA discuss to boost export of fisheries

In continuation of sector specific consultative meetings being convened by TDAP, a meeting was held in TDAP HQ, Karachi with the Pakistan Fisheries Exporters Association on 15th October, 2018. In the meeting, PAKFEA was represented by their Chairman Syed

Published 18 Oct, 2018 12:00am

SBP asks banks to activate OTC, ADC facilities by October 31

SBP asks banks to activate OTC, ADC facilities by October 31

The State Bank of Pakistan (SBP) Wednesday asked banks to ensure activation of Over the Counter (OTC) and online tax payment facilities by 31st October 2018. The project of 'Online Collection of Government Taxes & Duties' was officially launched on March

Published 18 Oct, 2018 12:00am

SBP asks banks to activate OTC, ADC facilities by October 31

SBP asks banks to activate OTC, ADC facilities by October 31

The State Bank of Pakistan (SBP) Wednesday asked banks to ensure activation of Over the Counter (OTC) and online tax payment facilities by 31st October 2018. The project of 'Online Collection of Government Taxes & Duties' was officially launched on March

Published 18 Oct, 2018 12:00am

KCCI demands withdrawal of RD on imported items

KCCI demands withdrawal of RD on imported items

President Karachi Chamber of Commerce & Industry (KCCI) Junaid Esmail Makda has demanded an immediate withdrawal of Regulatory Duty (RD) on essential imported items. He also urged the Federal Board of Revenue (FBR) to hold meetings with all stakeholders o

Published 18 Oct, 2018 12:00am

Huge quantity of betel nuts, Indian gutka seized

Huge quantity of betel nuts, Indian gutka seized

Model Customs Collectorate (MCC), Preventive on Wednesday claimed to have confiscated huge quantity of betel nuts and smuggled Indian gutka from Jodia Bazar area. According to details, the action was taken on a tip-off, which revealed that some unscrupulo

Published 18 Oct, 2018 12:00am

Rupee depreciatio: IMC revises vehicles' prices

Rupee depreciatio: IMC revises vehicles' prices

Following the recent rupee depreciation, the Indus Motors Company (IMC) has revised prices for vehicles and resumed bookings from October 17, 2018. According to the announcement, the customers who have paid full payment for orders of Oct / November will g

Published 18 Oct, 2018 12:00am

Sindh government to review vehicles' entitlement policy

Sindh government to review vehicles' entitlement policy

Sindh government has decided to take all vehicles back, which are allocated against the entitlement. According to details, the decision was made at a meeting of the cabinet committee on luxury vehicles held at new Sindh Secretariat Building.

Published 18 Oct, 2018 12:00am

Efforts afoot to get rid of quackery: adviser

Efforts afoot to get rid of quackery: adviser

Advisor to the Sindh Chief Minister on Information Murtaza Wahab has said that provincial government is working on plan to get rid of quackery in the Sindh. He was addressing the seminar on "Quackery in Sindh", jointly organized by Pakistan Medical Associ

Published 18 Oct, 2018 12:00am

Daraz announces 'world's biggest sale day' on November 11

Daraz announces 'world's biggest sale day' on November 11

The e-commerce company-Daraz on Wednesday said it is all set to bring the 'World's Biggest Sale Day', to Pakistan for the first time on November 11, 2018. Managing Director Daraz Pakistan, Ehsan Saya hoped some 10 million customers are going to visit the

Published 18 Oct, 2018 12:00am

SHC to look into NAB's plea bargain cases

SHC to look into NAB's plea bargain cases

Sindh High Court (SHC) on Wednesday ruled that it would look into the case regarding reinstatement of officials, who entered into plea bargain with National Accountability Bureau (NAB) on embezzlement charges in the light of orders of Supreme Court, which

Published 18 Oct, 2018 12:00am

NAB refutes Shahbaz's allegations

NAB refutes Shahbaz's allegations

National Accountability Bureau (NAB) chairman Javed Iqbal on Wednesday dispelled allegations hurled by Pakistan Muslim League Nawaz's (PML-N) president Shehbaz Sharif that the anti-graft watchdog and ruling Pakistan Tehreek-e-Insaf (PIT) are arm in arm an

Published 18 Oct, 2018 12:00am

Senate chairman reviews arrangements of APA's body meeting

Senate chairman reviews arrangements of APA's body meeting

Chairman Senate Sadiq Sanjrani on Wednesday visited Gwadar to review the arrangements of the upcoming meeting of the Asian Parliamentary Assembly's standing committee on political affairs to be held in the last week of October. Leader of the House in the

Published 18 Oct, 2018 12:00am

Ashiana Housing Scheme case: Shahbaz shows ignorance about Fawad's becoming as approver

Ashiana Housing Scheme case: Shahbaz shows ignorance about Fawad's becoming as approver

President Pakistan Muslim League-Nawaz (PML-N) and Opposition Leader in National Assembly, Shahbaz Sharif on Wednesday expressed his ignorance about Fawad Hassan Fawad's becoming an approver against him in the Ashiana Housing Scheme case. Talking to media

Published 18 Oct, 2018 12:00am

NPMC reviews price hike, suggests solutions

NPMC reviews price hike, suggests solutions

The meeting of National Price Monitoring Committee was held at the Finance Division with special secretary finance in the chair on Wednesday. The chairman informed the forum that there is lot of flux that characterizes the world economy at present, emergi

Published 18 Oct, 2018 12:00am

Handcuffing of professor: NAB chairman suspends additional director

Handcuffing of professor: NAB chairman suspends additional director

Chairman National Accountability Bureau (NAB) Justice (Retd) Javed Iqbal has suspended additional director Muhammad Rafi over handcuffing the former Vice Chancellor of Punjab University. According to the details, NAB chairman Justice (Retd) Javed Iqbal on

Published 18 Oct, 2018 12:00am

Poultry farmers perturbed over smuggling of chicks to Afghanistan

Poultry farmers perturbed over smuggling of chicks to Afghanistan

Poultry farmers and dealers have voiced concern over smuggling of chicks to neighbouring Afghanistan, which has created difficulties to meet local demand and supply and urged the authorities concerned to take prompt action to stop illegal supplying of chi

Published 18 Oct, 2018 12:00am

There are 5,492 unregistered housing schemes in country: SC told

There are 5,492 unregistered housing schemes in country: SC told

The Supreme Court was informed on Wednesday that there are 3,432 registered and 5,492 unregistered/ illegal/ ghost/on paper housing societies all over the country. Additional Attorney General Nayyar Rizvi on behalf of Federal Investigation Agency on Wedne

Published 18 Oct, 2018 12:00am

Parliamentary panel for joint efforts to deal with water crisis

Parliamentary panel for joint efforts to deal with water crisis

A special parliamentary panel on water scarcity Wednesday called for making joint efforts to deal with the water crisis in the country, saying that water availability is not an issue over here but mismanagement has worsened the situation. The Senate Speci

Published 18 Oct, 2018 12:00am

President lauds role of Federal Insurance Ombudsman

President lauds role of Federal Insurance Ombudsman

President Dr Arif Alvi on Wednesday said Federal Insurance Ombudsman has an important role in provision of justice to the people. The President stated this in a meeting with Federal Insurance Ombudsman Muhammad Raees Uddin Paracha here at the Aiwan-e-Sadr

Published 18 Oct, 2018 12:00am

Any move to rollback 18th Amendment will be opposed: Murad

Any move to rollback 18th Amendment will be opposed: Murad

Sindh Chief Minister Syed Murad Ali Shah has said the Thar is game changer and "we have changed the game by excavating coal and now going to transmit first electron in the national grid in December 2018."

Published 18 Oct, 2018 12:00am

Karachiites to get additional 260 mgd of water by end-2019: CM

Karachiites to get additional 260 mgd of water by end-2019: CM

Sindh Chief Minister Syed Murad Ali Shah has expressed optimism that his government will try its best to complete the Phase-I of K-IV Greater Karachi Water Supply Scheme of 260 million gallons capacity (MGD) by the end of year 2019 though owing to a numbe

Published 18 Oct, 2018 12:00am

Jazz digital conference launches breakthrough policy report

Jazz digital conference launches breakthrough policy report

Following the full-day digital policy conference called Accelerate to a Digital State, Jazz, Pakistan's largest digital telecommunication company, released a sector report on a digital policy framework for the Government of Pakistan. This sector report la

Published 18 Oct, 2018 12:00am

Auction of 15 more vehicles brings NHA another Rs 20.3 million

Auction of 15 more vehicles brings NHA another Rs 20.3 million

On directive of State Minister for Communications Murad Saeed, the National Highway Authority (NHA) has auctioned 77 vehicles amounting to more than 83.2 million. In NHA's office Peshawar 15 vehicles were auctioned at cost of Rs 20.3 million. While 62.9

Published 18 Oct, 2018 12:00am

Buzdar, Elahi inquire health of Abdul Wahab

Buzdar, Elahi inquire health of Abdul Wahab

Punjab chief minister Sardar Usman Buzdar and Speaker Punjab Assembly Ch Pervaiz Elahi went to a private hospital on Wednesday, to inquire after the health of Haji Abdul Wahab, Amir of Tableeghi Jamaat Pakistan. They inquired after his health and prayed f

Published 18 Oct, 2018 12:00am

Government urged to reject Nepra summary

Government urged to reject Nepra summary

The Pakistan Industrial and Traders Association Front (PIAF) on Wednesday urged the government to reject the NEPRA (National Electric and Power Regulatory Authority) summary suggesting electricity tariff increase of Rs3.81 per unit. PIAF Chairman Mian Nau

Published 18 Oct, 2018 12:00am

FBR's efforts to broaden tax base will succeed

FBR's efforts to broaden tax base will succeed

The Federal Board of Revenue's (FBR) exercise of broadening the tax base would be successful as tax authorities would strictly follow up all actions against the top non-filers and tax evaders till full compliance with the law. Sources told Business Rec

Published 18 Oct, 2018 12:00am

PAPGAI demands withdrawal of RD on paper

Pakistan Association of Printing & Graphic Arts Industry (PAPGAI) has strongly condemned the imposition of regulatory duty (RD) on paper. The industry has been demanding for years the rationalization of duty structure on paper and printed material. The pr
Published 18 Oct, 2018 12:00am

Currency
'From petro-dollar to petro-yuan?'

This is apropos a Business Recorder op-ed "From petro-dollar to petro-yuan?" carried by the newspaper yesterday. The writer, M. Ziauddin, has argued, among other things, that "Indeed, China is likely to try to seek to displace dollar by the end of
Published 18 Oct, 2018 12:00am

Shahbaz Sharif and the 56 companies

Politicians love media exposure. They are always thinking of the next election - votes matter. To garner votes politicians resort to various strategies - including setting up 56 companies. Since the matter is, or may become sub judice, I will tread carefu
Published 18 Oct, 2018 12:00am

Who would want to be an Afghan MP?

Doctors, mullahs, sons of warlords, feminists and even a prison inmate are among a motley crew of candidates contesting war-torn Afghanistan's October 20 legislative election. The more than 2,500 candidates campaigning for the third parliamentary ballot s
Published 18 Oct, 2018 12:00am

Hello IMF, goodbye welfare state

Of this we are certain: in PM's pantheon of dreams the chief god is welfare state. What we are less certain of is if he knows what transforming a security state into a welfare state takes. What we are even less certain of is if he fully fathoms the gap be
Published 18 Oct, 2018 12:00am

Musharraf's treason trial

Former military ruler Pervez Musharraf's treason trial has been meandering along since it was instituted in December 2013 with no end in sight. Musharraf is charged with the ultimate crime against the state for imposing a state of emergency on November 3,
Published 18 Oct, 2018 12:00am

Punjab supplementary budget Fiscal Year 2019

Amid deafening opposition protests, reminiscent of how the incumbent Punjab government's members acted when in opposition during the previous administration's five budget speeches, the remaining eight-month budget was presented by Makhdoom Hashim. Apart f
Published 18 Oct, 2018 12:00am

Abraaj founder denies transfer of investor money to himself, family

Abraaj Group founder Arif Naqvi has denied allegations cited in a Wall Street Journal report that at least $660 million (Dh2.4 billion) of investor money was moved without their knowledge into bank accounts linked to Naqvi, his family and the private equi
Published 18 Oct, 2018 12:00am

Abraaj founder denies transfer of investor money to himself, family

Abraaj Group founder Arif Naqvi has denied allegations cited in a Wall Street Journal report that at least $660 million (Dh2.4 billion) of investor money was moved without their knowledge into bank accounts linked to Naqvi, his family and the private equi
Published 18 Oct, 2018 12:00am

Abraaj founder denies transfer of investor money to himself, family

Abraaj Group founder Arif Naqvi has denied allegations cited in a Wall Street Journal report that at least $660 million (Dh2.4 billion) of investor money was moved without their knowledge into bank accounts linked to Naqvi, his family and the private equi
Published 18 Oct, 2018 12:00am

Hearing against Sharif family: Zia says sale proceeds of GSM never reached Qatar, UK, Saudi Arabia

Key prosecution witness Wajid Zia Wednesday told the Accountability Court hearing corruption cases against Sharif family members that the sale proceeds of Gulf Steel Mills (GSM) had never reached Qatar, United Kingdom (UK) and Saudi Arabia.
Published 18 Oct, 2018 12:00am

Hearing against Sharif family: Zia says sale proceeds of GSM never reached Qatar, UK, Saudi Arabia

Key prosecution witness Wajid Zia Wednesday told the Accountability Court hearing corruption cases against Sharif family members that the sale proceeds of Gulf Steel Mills (GSM) had never reached Qatar, United Kingdom (UK) and Saudi Arabia.
Published 18 Oct, 2018 12:00am

PM announces withdrawal of 5 percent duty on news print

Prime Minister Imran Khan has expressed the confidence that the government will soon solve problems being faced by the country through its policies. He was talking to a delegation of representatives of Council of Pakistan Newspapers Editors and Pakistan B
Published 18 Oct, 2018 12:00am

PM announces withdrawal of 5 percent duty on news print

Prime Minister Imran Khan has expressed the confidence that the government will soon solve problems being faced by the country through its policies. He was talking to a delegation of representatives of Council of Pakistan Newspapers Editors and Pakistan B
Published 18 Oct, 2018 12:00am

PM announces withdrawal of 5 percent duty on news print

Prime Minister Imran Khan has expressed the confidence that the government will soon solve problems being faced by the country through its policies. He was talking to a delegation of representatives of Council of Pakistan Newspapers Editors and Pakistan B
Published 18 Oct, 2018 12:00am

Illegal import of fruits, vegetables: FBR and MNF&R trade charges

The Federal Board of Revenue (FBR) and the Ministry of National Food Security and Research (MNF&R) Wednesday accused each other of ''facilitating'' illegal import of fruits and vegetables mainly from India through Afghanistan which is hurting the interest
Published 18 Oct, 2018 12:00am

Illegal import of fruits, vegetables: FBR and MNF&R trade charges

The Federal Board of Revenue (FBR) and the Ministry of National Food Security and Research (MNF&R) Wednesday accused each other of 'facilitating' illegal import of fruits and vegetables mainly from India through Afghanistan which is hurting the interests
Published 18 Oct, 2018 12:00am

Illegal import of fruits, vegetables: FBR and MNF&R trade charges

The Federal Board of Revenue (FBR) and the Ministry of National Food Security and Research (MNF&R) Wednesday accused each other of 'facilitating' illegal import of fruits and vegetables mainly from India through Afghanistan which is hurting the interests
Published 18 Oct, 2018 12:00am

Ministry comes up with steps to overcome urea shortage

The Ministry of Industries and Production (MoI&P) has reportedly proposed different measures to meet the shortage of urea fertilizer in the country, well-informed sources in fertilizer industry told Business Recorder.
Published 18 Oct, 2018 12:00am

Ministry comes up with steps to overcome urea shortage

The Ministry of Industries and Production (MoI&P) has reportedly proposed different measures to meet the shortage of urea fertilizer in the country, well-informed sources in fertilizer industry told Business Recorder.
Published 18 Oct, 2018 12:00am

Ministry comes up with steps to overcome urea shortage

The Ministry of Industries and Production (MoI&P) has reportedly proposed different measures to meet the shortage of urea fertilizer in the country, well-informed sources in fertilizer industry told Business Recorder.
Published 18 Oct, 2018 12:00am

FM expresses concern over abduction of Iranian guards

Iran Foreign Minister Javad Zarif Wednesday made a phone call to Foreign Minister Shah Mahmood Qureshi to discuss the situation arising out of the abduction of Iranian guards from near about the Pakistan-Iran border point of Mirjaveh on October 16 the For
Published 18 Oct, 2018 12:00am

FM expresses concern over abduction of Iranian guards

Iran Foreign Minister Javad Zarif Wednesday made a phone call to Foreign Minister Shah Mahmood Qureshi to discuss the situation arising out of the abduction of Iranian guards from near about the Pakistan-Iran border point of Mirjaveh on October 16 the For
Published 18 Oct, 2018 12:00am

Cotton
Duties on textile raw material to be brought down to zero percent: Dawood

Adviser to Prime Minister on Commerce, Textile, Industry and Investment, Abdul Razzak Dawood Wednesday said customs/regulatory duties on the import of raw materials and inputs used by textile sector would be brought down to zero percent, while cotton prod
Published 18 Oct, 2018 12:00am

Cotton
Duties on textile raw material to be brought down to zero percent: Dawood

Adviser to Prime Minister on Commerce, Textile, Industry and Investment, Abdul Razzak Dawood Wednesday said customs/regulatory duties on the import of raw materials and inputs used by textile sector would be brought down to zero percent, while cotton prod
Published 18 Oct, 2018 12:00am

Cotton
Duties on textile raw material to be brought down to zero percent: Dawood

Adviser to Prime Minister on Commerce, Textile, Industry and Investment, Abdul Razzak Dawood Wednesday said customs/regulatory duties on the import of raw materials and inputs used by textile sector would be brought down to zero percent, while cotton prod
Published 18 Oct, 2018 12:00am

Cotton
Duties on textile raw material to be brought down to zero percent: Dawood

Adviser to Prime Minister on Commerce, Textile, Industry and Investment, Abdul Razzak Dawood Wednesday said customs/regulatory duties on the import of raw materials and inputs used by textile sector would be brought down to zero percent, while cotton prod
Published 18 Oct, 2018 12:00am

Power sector: recovery-billing gap widened by 97 percent, Umar told

Finance Minister Asad Umar has been informed that gap in power sector''s recovery against billing widened by 97 percent in the last fiscal year (2017-18) of previous government as opposed to a year before, with shortfall in billing and collection increase
Published 18 Oct, 2018 12:00am

Power sector: recovery-billing gap widened by 97 percent, Umar told

Finance Minister Asad Umar has been informed that gap in power sector's recovery against billing widened by 97 percent in the last fiscal year (2017-18) of previous government as opposed to a year before, with shortfall in billing and collection increased
Published 18 Oct, 2018 12:00am

Power sector: recovery-billing gap widened by 97 percent, Umar told

Finance Minister Asad Umar has been informed that gap in power sector's recovery against billing widened by 97 percent in the last fiscal year (2017-18) of previous government as opposed to a year before, with shortfall in billing and collection increased
Published 18 Oct, 2018 12:00am

Cost of doing business: government considering reduction in duties: PM

Prime Minister Imran Khan has said that the Government is firmly committed to reducing cost of doing business and improving country''s ranking in the ease of doing business by extending maximum facilitation and provision of all possible support to the bus
Published 18 Oct, 2018 12:00am

Cost of doing business: government considering reduction in duties: PM

Prime Minister Imran Khan has said that the Government is firmly committed to reducing cost of doing business and improving country's ranking in the ease of doing business by extending maximum facilitation and provision of all possible support to the busi
Published 18 Oct, 2018 12:00am

The Weather

The weather report on Wednesday (October 17, 2018) and the forecast for Thursday (October 18, 2018).

Published 18 Oct, 2018 12:00am

Cost of doing business: government considering reduction in duties: PM

Prime Minister Imran Khan has said that the Government is firmly committed to reducing cost of doing business and improving country's ranking in the ease of doing business by extending maximum facilitation and provision of all possible support to the busi
Published 18 Oct, 2018 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (October 17, 2018).

Published 18 Oct, 2018 12:00am

BRIndex100 bounces back

Pakistan Stock Exchange (PSX) Wednesday made a healthy recovery following the finance minister''s statement that the government would be able to fund its external financing needs through various sources, including the IMF. BRIndex100 gained 116.97 points
Published 18 Oct, 2018 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (October 17, 2018).

Published 18 Oct, 2018 12:00am

BRIndex100 bounces back

Pakistan Stock Exchange (PSX) Wednesday made a healthy recovery following the finance minister's statement that the government would be able to fund its external financing needs through various sources, including the IMF. BRIndex100 gained 116.97 points o
Published 18 Oct, 2018 12:00am

LME official prices

The following were Tuesday official prices.

Published 18 Oct, 2018 12:00am

BRIndex100 bounces back

Pakistan Stock Exchange (PSX) Wednesday made a healthy recovery following the finance minister's statement that the government would be able to fund its external financing needs through various sources, including the IMF. BRIndex100 gained 116.97 points o
Published 18 Oct, 2018 12:00am

LME official prices

The following were Tuesday official prices.

Published 18 Oct, 2018 12:00am

Swedish bank Nordea targeted in ML allegations

Sweden''s financial crime unit said Wednesday it had received a complaint against Scandinavia''s biggest bank, Nordea, for alleged money laundering following on from a massive scandal engulfing Danske Bank. In a letter addressed to the Swedish authorities
Published 18 Oct, 2018 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (October 17, 2018).

Published 18 Oct, 2018 12:00am

Swedish bank Nordea targeted in ML allegations

Sweden's financial crime unit said Wednesday it had received a complaint against Scandinavia's biggest bank, Nordea, for alleged money laundering following on from a massive scandal engulfing Danske Bank. In a letter addressed to the Swedish authorities,
Published 18 Oct, 2018 12:00am

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (October 17, 2018)

Published 18 Oct, 2018 12:00am

Swedish bank Nordea targeted in ML allegations

Sweden's financial crime unit said Wednesday it had received a complaint against Scandinavia's biggest bank, Nordea, for alleged money laundering following on from a massive scandal engulfing Danske Bank. In a letter addressed to the Swedish authorities,
Published 18 Oct, 2018 12:00am

Lahore Paper Market Rates

Paper market rates in rupees on Wednesday (October 17, 2018).

Published 18 Oct, 2018 12:00am

Trump says US needs Saudi Arabia in fight against terrorism

President Donald Trump said Wednesday he did not want to walk away from Saudi Arabia over the disappearance and alleged killing of journalist Jamal Khashoggi, arguing the US relies on the kingdom in the fight against terrorism.
Published 18 Oct, 2018 12:00am

Cotton
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Wednesday (October 17, 2018).

Published 18 Oct, 2018 12:00am

Trump says US needs Saudi Arabia in fight against terrorism

President Donald Trump said Wednesday he did not want to walk away from Saudi Arabia over the disappearance and alleged killing of journalist Jamal Khashoggi, arguing the US relies on the kingdom in the fight against terrorism.
Published 18 Oct, 2018 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (October 17, 2018).

Published 18 Oct, 2018 12:00am

Dual nationality: Haroon and Saadia disqualified

Senators belonging to Pakistan Muslim League-Nawaz (PML-N), Haroon Akhtar Khan and Saadia Abbasi, were disqualified under the Article 163(1) (c) of the Constitution for holding dual nationality. A seven-member bench, headed by Chief Justice Mian Saqib Nis
Published 18 Oct, 2018 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (October 17, 2018).

Published 18 Oct, 2018 12:00am

Dual nationality: Haroon and Saadia disqualified

Senators belonging to Pakistan Muslim League-Nawaz (PML-N), Haroon Akhtar Khan and Saadia Abbasi, were disqualified under the Article 163(1) (c) of the Constitution for holding dual nationality. A seven-member bench, headed by Chief Justice Mian Saqib Nis
Published 18 Oct, 2018 12:00am

Dollar's rate in interbank market

Interbank closing rates for dollar on Wednesday (October 17, 2018).

Published 18 Oct, 2018 12:00am

China''s economic growth slows in Q3: AFP poll

China''s growth downshifted in the third quarter as investment slowed and the widening trade conflict with the United States weighed on sentiment, according to analysts surveyed by AFP. The world''s second largest economy expanded by 6.5 percent in the Ju
Published 18 Oct, 2018 12:00am

Kerb
Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Wednesday (October 17, 2018).

Published 18 Oct, 2018 12:00am

China's economic growth slows in Q3: AFP poll

China's growth downshifted in the third quarter as investment slowed and the widening trade conflict with the United States weighed on sentiment, according to analysts surveyed by AFP. The world's second largest economy expanded by 6.5 percent in the July
Published 18 Oct, 2018 12:00am

Currency
THE RUPEE: moves both ways

The rupee gained slightly on the inter-bank market, it, however, fell sharply against the dollar on the open market on Wednesday in process of trading activity, dealers said. The rupee managed to pick up slightly versus the dollar for buying at Rs 133.75
Published 18 Oct, 2018 12:00am

Previous Day

Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / Jan 8

278.78

USD PKR Interbank Buying / Jan 8

278.58

USD to Japanese Yen / Jan 8

158.14

USD to Swiss Franc / Jan 8

0.91

Pound Sterling to USD / Jan 8

1.25

Euro to USD / Jan 8

1.04

Stock Volume

S&P 500 / Jan 7

5,909.03

Nasdaq / Jan 7

19,489.68

FTSE 100 / Jan 7

8,245.28

Dow Jones / Jan 7

42,528.36

Germany DAX 30 / Jan 7

20,340.57

France CAC40 / Jan 7

7,489.35

India Sensex / Jan 8

77,786.54

Tokyo Nikkei / Jan 8

40,008.25

Item Value

Karachi Cotton PKR/37.32 KG / Jan 7

18,285

Gold 10 Grams PKR / Jan 7

236,625

Crude Oil USD/Barrel / Jan 8

74.85

Gold Spot USD/Ounce / Jan 8

2,650.51

Cotton US¢/pound / Jan 8

68.44

Petrol/Litre / Jan 9

252.66

Gainers
Losers
Leaders

Stock Price

PICIC Ins.Ltd. / Jan 8

PICIC Insurance Limited(PIL)

3.21

▲ 0.32 (11.07%)

JS Bank Ltd / Jan 8

JS Bank Limited(JSBL)

10.41

▲ 1.00 (10.63%)

Idrees Tex. / Jan 8

Idrees Textile Mills Limited(IDRT)

15.68

▲ 1.43 (10.04%)

Sec. Inv. Bank / Jan 8

Security Investment Bank Limited(SIBL)

12.38

▲ 1.13 (10.04%)

Ahmad Hassan / Jan 8

Ahmad Hassan Textile Mills Limited(AHTM)

59.90

▲ 5.45 (10.01%)

Asia Ins. / Jan 8

Asia Insurance Company Limited(ASIC)

14.29

▲ 1.30 (10.01%)

D.M. Textile / Jan 8

D.M. Textile Mills Limited(DMTX)

60.58

▲ 5.51 (10.01%)

Dawood Lawrencepur / Jan 8

Dawood Lawrencepur Limited(DLL)

296.12

▲ 26.92 (10.00%)

JDW Sugar / Jan 8

JDW Sugar Mills Limited(JDWS)

904.95

▲ 82.27 (10.00%)

Stock Price

JS Mom. Factor ETF / Jan 8

JS Momentum Factor ETF(JSMFETF)

15.15

▼ -2.18 (-12.58%)

Parmount Sp. / Jan 8

Paramount Spinning Mills Limited(PASM)

4

▼ -0.50 (-11.11%)

Ali Asghar / Jan 8

Ali Asghar Textile Mills Limited(AATM)

78.82

▼ -8.76 (-10.00%)

Faisal Sp. / Jan 8

Faisal Spinning Mills Limited(FASM)

292.37

▼ -32.48 (-10.00%)

Khairpur Sug. / Jan 8

Khairpur Sugar Mills Limited(KPUS)

133.71

▼ -14.86 (-10.00%)

Liven Pharma / Jan 8

Liven Pharma Limited(LIVEN)

178.53

▼ -19.84 (-10.00%)

Suhail Jute / Jan 8

Suhail Jute Mills Limited(SUHJ)

156.38

▼ -17.38 (-10.00%)

Frontier Ceram / Jan 8

Frontier Ceramics Limited(FRCL)

24.23

▼ -2.69 (-9.99%)

National Silk / Jan 8

The National Silk & Rayon Mills Limited(NSRM)

49.90

▼ -5.54 (-9.99%)

Stock Volume

WorldCall Telecom / Jan 8

Worldcall Telecom Limited(WTL)

520,088,624

▲ 0.09

Cnergyico PK / Jan 8

Cnergyico PK Limited(CNERGY)

76,600,722

▼ -0.30

K-Electric Ltd. / Jan 8

K-Electric Limited(KEL)

45,707,217

▼ -0.21

Fauji Foods Ltd / Jan 8

Fauji Foods Limited(FFL)

36,987,542

▼ -0.41

Sui South Gas / Jan 8

Sui Southern Gas Company Limited(SSGC)

33,354,890

▲ 2.33

Pak Stock Exchange / Jan 8

Pakistan Stock Exchange Limited(PSX)

27,144,749

▼ -2.85

Pak Refinery / Jan 8

Pakistan Refinery Limited(PRL)

24,452,864

▼ -2.53

B.O.Punjab / Jan 8

The Bank of Punjab(BOP)

22,768,455

▼ -0.23

Pak Elektron / Jan 8

Pak Elektron Limited(PAEL)

20,370,180

▼ -0.42

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