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Print - 2018-10-18
Power sector: recovery-billing gap widened by 97 percent, Umar told

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
Canada becomes first major economy to legalize recreational cannabis

Canada becomes first major economy to legalize recreational cannabis

Canada on Wednesday became the world's first major economy to fully legalize cannabis, sparking celebrations on the streets as the country embarked on the controversial drug policy experiment. Throughout the country huge lines outside pot shops snaked aro
Published 18 Oct, 2018 12:00am
Canada becomes first major economy to legalize recreational cannabis

Canada becomes first major economy to legalize recreational cannabis

Canada on Wednesday became the world's first major economy to fully legalize cannabis, sparking celebrations on the streets as the country embarked on the controversial drug policy experiment. Throughout the country huge lines outside pot shops snaked aro
Published 18 Oct, 2018 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Pakistan Stock Exchange.

Published 18 Oct, 2018 12:00am
Canada becomes first major economy to legalize recreational cannabis

Canada becomes first major economy to legalize recreational cannabis

Canada on Wednesday became the world''s first major economy to fully legalize cannabis, sparking celebrations on the streets as the country embarked on the controversial drug policy experiment. Throughout the country huge lines outside pot shops snaked ar
Published 18 Oct, 2018 12:00am
Three freedom fighters martyred in IHK

Three freedom fighters martyred in IHK

A firefight near a 14th century Muslim shrine killed at least four, here on Wednesday and sparked protests in the city, police said. While deadly violence has increased in recent months across the restive Indian-held part of Kashmir. Police said three fre
Published 18 Oct, 2018 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 18 Oct, 2018 12:00am
Three freedom fighters martyred in IHK

Three freedom fighters martyred in IHK

A firefight near a 14th century Muslim shrine killed at least four, here on Wednesday and sparked protests in the city, police said. While deadly violence has increased in recent months across the restive Indian-held part of Kashmir. Police said three fre
Published 18 Oct, 2018 12:00am
Zainab's murderer executed

Zainab's murderer executed

Imran Ali, convicted pedophilia serial killer and rapist of Zainab Amin and six other minor girls of Kasur district, was hanged to death in the presence of deceased family in the early hours of Wednesday at Kot Lakhpat Jail. The execution was carried out
Published 18 Oct, 2018 12:00am
Zainab's murderer executed

Zainab's murderer executed

Imran Ali, convicted pedophilia serial killer and rapist of Zainab Amin and six other minor girls of Kasur district, was hanged to death in the presence of deceased family in the early hours of Wednesday at Kot Lakhpat Jail. The execution was carried out
Published 18 Oct, 2018 12:00am
Government, opposition agree to review NAB laws

Government, opposition agree to review NAB laws

The treasury and opposition benches in the National Assembly have agreed to sit together to review National Accountability Bureau (NAB) laws. While responding to the opposition on the floor of the National Assembly, Federal Minister for Information and Br
Published 18 Oct, 2018 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (October 17, 2018).

Published 18 Oct, 2018 12:00am
Government, opposition agree to review NAB laws

Government, opposition agree to review NAB laws

The treasury and opposition benches in the National Assembly have agreed to sit together to review National Accountability Bureau (NAB) laws. While responding to the opposition on the floor of the National Assembly, Federal Minister for Information and Br
Published 18 Oct, 2018 12:00am
CDWP approves five projects worth Rs 141.93 billion

CDWP approves five projects worth Rs 141.93 billion

The Central Development Working Party (CDWP) has approved as many as 05 development projects at a cost of Rs 141.93 billion and referred 02 projects valuing Rs 140.96 billion to Executive Committee of the National Economic Council (ECNEC) for further appr
Published 18 Oct, 2018 12:00am
CDWP approves five projects worth Rs 141.93 billion

CDWP approves five projects worth Rs 141.93 billion

The Central Development Working Party (CDWP) has approved as many as 05 development projects at a cost of Rs 141.93 billion and referred 02 projects valuing Rs 140.96 billion to Executive Committee of the National Economic Council (ECNEC) for further appr
Published 18 Oct, 2018 12:00am
CDWP approves five projects worth Rs 141.93 billion

CDWP approves five projects worth Rs 141.93 billion

The Central Development Working Party (CDWP) has approved as many as 05 development projects at a cost of Rs 141.93 billion and referred 02 projects valuing Rs 140.96 billion to Executive Committee of the National Economic Council (ECNEC) for further appr
Published 18 Oct, 2018 12:00am
THE RUPEE: moves both ways
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
China's economic growth slows in Q3: AFP poll

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
THE RUPEE: moves both ways
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
China's economic growth slows in Q3: AFP poll

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

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
Dual nationality: Haroon and Saadia disqualified

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

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

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

Shipping Intelligence

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

Published 18 Oct, 2018 12:00am
Trump says US needs Saudi Arabia in fight against terrorism

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
Pakistan Mercantile Exchange - PMEX
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

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
Swedish bank Nordea targeted in ML allegations

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

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

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

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

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
LME official prices

LME official prices

The following were Tuesday official prices.

Published 18 Oct, 2018 12:00am
BRIndex100 bounces back

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

LME official prices

The following were Tuesday official prices.

Published 18 Oct, 2018 12:00am
BRIndex100 bounces back

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
Bullion Rates

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

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

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

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

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

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

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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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