News Archives for Print - 2018-10-30

Strong dividend payouts: UBL posts PBT of Rs 16.7 billion in 9 months

United Bank Limited has reported a consolidated Profit Before Tax (PBT) of Rs 16.7 billion during the first nine months of the year. Excluding a one-off extraordinary pension cost for prior years, PBT touched Rs 25.5 billion, one of the highest by any Ban

Published 30 Oct, 2018 12:00am

Indonesian plane crashes into sea, all 189 on board feared dead

An Indonesian airliner crashed into the sea on Monday, with the likely loss of all 189 people on board, as it tried to return to Jakarta minutes after take-off. Lion Air flight JT610, an almost new Boeing 737 MAX 8, was en route from the capital to Pangka

Published 30 Oct, 2018 12:00am

Indonesian plane crashes into sea, all 189 on board feared dead

An Indonesian airliner crashed into the sea on Monday, with the likely loss of all 189 people on board, as it tried to return to Jakarta minutes after take-off. Lion Air flight JT610, an almost new Boeing 737 MAX 8, was en route from the capital to Pangka

Published 30 Oct, 2018 12:00am

Identify those who are seeking NRO, Nawaz asks government

Former Prime Minister Nawaz Sharif Monday asked the government to disclose names of those people who are seeking 'national reconciliation ordinance (NRO)'. While talking to media persons outside the Accountability Court, Nawaz Sharif urged Prime Minister

Published 30 Oct, 2018 12:00am

Identify those who are seeking NRO, Nawaz asks government

Former Prime Minister Nawaz Sharif Monday asked the government to disclose names of those people who are seeking 'national reconciliation ordinance (NRO)'. While talking to media persons outside the Accountability Court, Nawaz Sharif urged Prime Minister

Published 30 Oct, 2018 12:00am

GST on power sector subsidy: FBR backs proposal on tariff Differential

The Federal Board of Revenue (FBR) has supported a proposal that DISCOs may be allowed either to recover sales tax on tariff differential subsidy from consumers or the federal government should pay sales tax on tariff differential subsidy to distribution

Published 30 Oct, 2018 12:00am

GST on power sector subsidy: FBR backs proposal on tariff Differential

The Federal Board of Revenue (FBR) has supported a proposal that DISCOs may be allowed either to recover sales tax on tariff differential subsidy from consumers or the federal government should pay sales tax on tariff differential subsidy to distribution

Published 30 Oct, 2018 12:00am

GST on power sector subsidy: FBR backs proposal on tariff Differential

The Federal Board of Revenue (FBR) has supported a proposal that DISCOs may be allowed either to recover sales tax on tariff differential subsidy from consumers or the federal government should pay sales tax on tariff differential subsidy to distribution

Published 30 Oct, 2018 12:00am

Trump blames media in Pittsburgh synagogue massacre

President Donald Trump blamed the media Monday for pre-election "anger" as the nation mourned the loss of 11 lives in the weekend shooting at a Pittsburgh synagogue, the worst anti-Semitic attack in recent US history. Hours before Robert Bowers was to mak

Published 30 Oct, 2018 12:00am

Hudaibiya Papers Mills case: NAB's review petition rejected

The Supreme Court on Monday dismissed National Accountability Bureau's (NAB's) review petition against its judgment in the Hudaibiya Papers Mills case. Despite repeated questions by a three-judge bench headed by Justice Mushir Alam that heard the NAB revi

Published 30 Oct, 2018 12:00am

Hudaibiya Papers Mills case: NAB's review petition rejected

The Supreme Court on Monday dismissed National Accountability Bureau's (NAB's) review petition against its judgment in the Hudaibiya Papers Mills case. Despite repeated questions by a three-judge bench headed by Justice Mushir Alam that heard the NAB revi

Published 30 Oct, 2018 12:00am

The Weather

The weather report on Monday (October 29, 2018) and the forecast for Tuesday (October 30, 2018).

Published 30 Oct, 2018 12:00am

SBP asks banks for real time monitoring of card operations

The State Bank of Pakistan (SBP) has urged all banks for more measures to mitigate the risks emanating from card payment system and real time monitoring of card operations and transactions. After the cyber attack on BankIslami Pakistan''s card data, the S

Published 30 Oct, 2018 12:00am

LME official prices

The following were Friday official prices.

Published 30 Oct, 2018 12:00am

SBP asks banks for real time monitoring of card operations

The State Bank of Pakistan (SBP) has urged all banks for more measures to mitigate the risks emanating from card payment system and real time monitoring of card operations and transactions. After the cyber attack on BankIslami Pakistan's card data, the SB

Published 30 Oct, 2018 12:00am

LME official prices

The following were Friday official prices.

Published 30 Oct, 2018 12:00am

SBP asks banks for real time monitoring of card operations

The State Bank of Pakistan (SBP) has urged all banks for more measures to mitigate the risks emanating from card payment system and real time monitoring of card operations and transactions. After the cyber attack on BankIslami Pakistan's card data, the SB

Published 30 Oct, 2018 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (October 29, 2018).

Published 30 Oct, 2018 12:00am

Maj-General Arif Malik takes over as DG ANF

A Change of Command Ceremony was held at ANF HQ Rawalpindi on Monday in which ex DG ANF Major General Musarrat Nawaz Malik handed over the Command Cane of the Anti Narcotics Force to new DG ANF Major General Muhammad Arif Malik. The ceremony was attended

Published 30 Oct, 2018 12:00am

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Monday (October 29, 2018).

Published 30 Oct, 2018 12:00am

SECP unveils list of 58 PSCs which failed to file SoC

The Securities and Exchange Commission of Pakistan (SECP) has issued a list of 58 public sector companies which have not filed statement of compliance (SoC) for the year ended December 31 2016 and June 30, 2017. The public sector companies are required to

Published 30 Oct, 2018 12:00am

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Monday (October 29, 2018).

Published 30 Oct, 2018 12:00am

Minister's Enclave declared as sub-jail for Shahbaz

National Accountability Bureau (NAB) Monday declared the residence of Opposition Leader in the National Assembly Shahbaz Sharif in Minister's Enclave as sub-jail. The bureau issued a notification in this regard, declaring the 26 Minister Enclave Islamabad

Published 30 Oct, 2018 12:00am

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Monday (October 29, 2018).

Published 30 Oct, 2018 12:00am

AC extends physical remand of Shahbaz for ten days

An accountability court Monday extended physical remand of opposition leader in national assembly Shahbaz Sharif for next ten days including three-day transit remand in Ashiyana Housing Scheme scam. The NAB officials however demanded 15-day physical reman

Published 30 Oct, 2018 12:00am

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Monday (October 29, 2018).

Published 30 Oct, 2018 12:00am

Power distribution companies: experts suggest firing of 100 corrupt persons

The power sector experts have suggested firing of at least 100 known corrupt persons in power distribution companies to reduce transmission and distribution losses. It may be noted that Secretary Power Division had pointed out last weekend that the govern

Published 30 Oct, 2018 12:00am

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (October 29, 2018)

Published 30 Oct, 2018 12:00am

Currency

Modern monetary theory

In a rapidly changing world, ways of thinking which served us well in other eras, become obstacles to understanding, and reacting appropriately to change. Traditional economic theories, currently being taught all around the world,blinded economists to the

Published 30 Oct, 2018 12:00am

Lahore Paper Market Rates

Paper market rates in rupees on Monday (October 29, 2018).

Published 30 Oct, 2018 12:00am

Currency

Modern monetary theory

In a rapidly changing world, ways of thinking which served us well in other eras, become obstacles to understanding, and reacting appropriately to change. Traditional economic theories, currently being taught all around the world,blinded economists to the

Published 30 Oct, 2018 12:00am

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (October 29, 2018).

Published 30 Oct, 2018 12:00am

Israeli minister in unprecedented visit to UAE mosque

Israeli minister Miri Regev on Monday shared a video on Facebook of her touring a famed mosque in the United Arab Emirates, in an unprecedented visit by a cabinet member. The culture and sport minister, known for controversial comments about Arabs, was dr

Published 30 Oct, 2018 12:00am

Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Monday (October 29, 2018).

Published 30 Oct, 2018 12:00am

Israeli minister in unprecedented visit to UAE mosque

Israeli minister Miri Regev on Monday shared a video on Facebook of her touring a famed mosque in the United Arab Emirates, in an unprecedented visit by a cabinet member. The culture and sport minister, known for controversial comments about Arabs, was dr

Published 30 Oct, 2018 12:00am

Kerb

Pakistan Economic Indicators

Pakistan Economic Indicators - Monday (October 29, 2018).

Published 30 Oct, 2018 12:00am

BRIndex100 stays bullish

A bullish trend continued on Pakistan Stock Exchange on the back of healthy buying in various sectors. BRIndex100 gained 109.46 points or 2.54 percent to close at 4,421.62 points on Monday. BRIndex100 touched intraday high of 4,433.49 and intraday low of

Published 30 Oct, 2018 12:00am

Weekly statement of position of all scheduled banks

Weekly statement of position of all scheduled banks as at the close of business on October 19, 2018.

Published 30 Oct, 2018 12:00am

BRIndex100 stays bullish

A bullish trend continued on Pakistan Stock Exchange on the back of healthy buying in various sectors. BRIndex100 gained 109.46 points or 2.54 percent to close at 4,421.62 points on Monday. BRIndex100 touched intraday high of 4,433.49 and intraday low of

Published 30 Oct, 2018 12:00am

Weekly statement of position of all scheduled banks

Weekly statement of position of all scheduled banks as at the close of business on October 19, 2018.

Published 30 Oct, 2018 12:00am

BRIndex100 stays bullish

A bullish trend continued on Pakistan Stock Exchange on the back of healthy buying in various sectors. BRIndex100 gained 109.46 points or 2.54 percent to close at 4,421.62 points on Monday. BRIndex100 touched intraday high of 4,433.49 and intraday low of

Published 30 Oct, 2018 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (October 29, 2018).

Published 30 Oct, 2018 12:00am

PD proposes to revise PL on LPG downward

Petroleum Division has proposed to the federal cabinet to revise petroleum levy (PL) on local LPG downward to Rs 2500/MT as opposed to the Rs 20000/MT (Rs 17,500/MT) approved in the Finance Bill 2018 to meet the revenue target of Rs 2 billion set for fina

Published 30 Oct, 2018 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (October 29, 2018).

Published 30 Oct, 2018 12:00am

PD proposes to revise PL on LPG downward

Petroleum Division has proposed to the federal cabinet to revise petroleum levy (PL) on local LPG downward to Rs 2500/MT as opposed to the Rs 20000/MT (Rs 17,500/MT) approved in the Finance Bill 2018 to meet the revenue target of Rs 2 billion set for fina

Published 30 Oct, 2018 12:00am

Dollar's rate in interbank market

Interbank closing rates for dollar on Monday (October 29, 2018).

Published 30 Oct, 2018 12:00am

PD proposes to revise PL on LPG downward

Petroleum Division has proposed to the federal cabinet to revise petroleum levy (PL) on local LPG downward to Rs 2500/MT as opposed to the Rs 20000/MT (Rs 17,500/MT) approved in the Finance Bill 2018 to meet the revenue target of Rs 2 billion set for fina

Published 30 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 Monday (October 29, 2018).

Published 30 Oct, 2018 12:00am

PD proposes to revise PL on LPG downward

Petroleum Division has proposed to the federal cabinet to revise petroleum levy (PL) on local LPG downward to Rs 2500/MT as opposed to the Rs 20000/MT (Rs 17,500/MT) approved in the Finance Bill 2018 to meet the revenue target of Rs 2 billion set for fina

Published 30 Oct, 2018 12:00am

Currency

THE RUPEE: falling trend

Declining trend was witnessed on the money market on Monday as the rupee drifted lower against the dollar in process of trading activity, dealers said. The rupee shed 10 paisas versus the dollar for buying and selling at Rs 132.55 and Rs 132.60 respectiv

Published 30 Oct, 2018 12:00am

LNG being redefined

While rejecting definition of LNG tailored by the former government, Minister for Law and Justice, Barrister Dr Farogh Naseem has decided to define LNG afresh, sources close to Minister for Petroleum and Natural Resources told Business Recorder. He

Published 30 Oct, 2018 12:00am

Currency

THE RUPEE: falling trend

Declining trend was witnessed on the money market on Monday as the rupee drifted lower against the dollar in process of trading activity, dealers said. The rupee shed 10 paisas versus the dollar for buying and selling at Rs 132.55 and Rs 132.60 respectiv

Published 30 Oct, 2018 12:00am

LNG being redefined

While rejecting definition of LNG tailored by the former government, Minister for Law and Justice, Barrister Dr Farogh Naseem has decided to define LNG afresh, sources close to Minister for Petroleum and Natural Resources told Business Recorder. He

Published 30 Oct, 2018 12:00am

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Monday (October 29, 2018).

Published 30 Oct, 2018 12:00am

LNG being redefined

While rejecting definition of LNG tailored by the former government, Minister for Law and Justice, Barrister Dr Farogh Naseem has decided to define LNG afresh, sources close to Minister for Petroleum and Natural Resources told Business Recorder. He

Published 30 Oct, 2018 12:00am

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Monday (October 29, 2018).

Published 30 Oct, 2018 12:00am

Remittances through legal channels: FBR, SBP urged to finalise incentives

Finance Minister Asad Umar has asked Federal Board of Revenue (FBR) and State Bank of Pakistan (SBP) to finalise proposals and incentives for promoting remittances through legal channels. The finance minister chaired a high-level meeting on Monday to disc

Published 30 Oct, 2018 12:00am

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Monday (October 29, 2018).

Published 30 Oct, 2018 12:00am

Remittances through legal channels: FBR, SBP urged to finalise incentives

Finance Minister Asad Umar has asked Federal Board of Revenue (FBR) and State Bank of Pakistan (SBP) to finalise proposals and incentives for promoting remittances through legal channels. The finance minister chaired a high-level meeting on Monday to disc

Published 30 Oct, 2018 12:00am

Mutual Funds

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Monday (October 29, 2018)

Published 30 Oct, 2018 12:00am

Remittances through legal channels: FBR, SBP urged to finalise incentives

Finance Minister Asad Umar has asked Federal Board of Revenue (FBR) and State Bank of Pakistan (SBP) to finalise proposals and incentives for promoting remittances through legal channels. The finance minister chaired a high-level meeting on Monday to disc

Published 30 Oct, 2018 12:00am

Mutual Funds

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Monday (October 29, 2018)

Published 30 Oct, 2018 12:00am

Remittances through legal channels: FBR, SBP urged to finalise incentives

Finance Minister Asad Umar has asked Federal Board of Revenue (FBR) and State Bank of Pakistan (SBP) to finalise proposals and incentives for promoting remittances through legal channels. The finance minister chaired a high-level meeting on Monday to disc

Published 30 Oct, 2018 12:00am

Mutual Funds

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Monday (October 29, 2018)

Published 30 Oct, 2018 12:00am

ICAP elects new office bearers

The Council of the Institute of Chartered Accountants of Pakistan (ICAP) elected its new office bearers for the year 2018-19 in its 305th meeting held here on Monday. The Council unanimously elected Jafar Hussain as President of the Institute, Muhammad Sh

Published 30 Oct, 2018 12:00am

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

National Clearing Company declares daily settlement information for local & foreign investors on Monday (October 29, 2018).

Published 30 Oct, 2018 12:00am

Britain to target online giants with new 'Digital Services Tax'

Britain said it would tax the revenue that online platforms such as Google, Facebook and Amazon make in the country to update a system that had not kept pace with changing digital business models. Amazon was down 9 percent, touching six-month low, while G

Published 30 Oct, 2018 12:00am

BRIndex100 and BR Sectoral Indices

BRIndex100 and BR Sectoral Indices on Monday (October 29, 2018).

Published 30 Oct, 2018 12:00am

Britain to target online giants with new 'Digital Services Tax'

Britain said it would tax the revenue that online platforms such as Google, Facebook and Amazon make in the country to update a system that had not kept pace with changing digital business models. Amazon was down 9 percent, touching six-month low, while G

Published 30 Oct, 2018 12:00am

Electronic/credit of dividend warrants/bonus/right share certificates

Cotton

Currency	Rate
USD PKR Interbank Selling / Dec 17	278.60
USD PKR Interbank Buying / Dec 17	278.60
USD to Japanese Yen / Dec 17	153.56
USD to Swiss Franc / Dec 17	0.89
Pound Sterling to USD / Dec 17	1.27
Euro to USD / Dec 17	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
India Sensex / Dec 17	80,684.45
Tokyo Nikkei / Dec 17	39,164.26
Nasdaq / Dec 17	20,109.06
Hang Seng / Dec 17	19,815.30
FTSE 100 / Dec 17	8,195.20
Dow Jones / Dec 17	43,449.90
Germany DAX 30 / Dec 17	20,246.37

Item	Value
Crude Oil USD/Barrel / Dec 17	70.11
Karachi Cotton PKR/37.32 KG / Dec 17	17,585
Gold 10 Grams PKR / Dec 17	241,860
Gold Spot USD/Ounce / Dec 17	2,644.07
Cotton US¢/pound / Dec 17	68.53
Petrol/Litre / Dec 18	252.10

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
Dadabhoy Cement / Dec 18 Dadabhoy Cement Industries Limited(DBCI)	7.90 ▲ 0.79 (11.11%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.50 ▲ 0.45 (11.11%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Nimir Resins / Dec 18 Nimir Resins Limited(NRSL)	35.16 ▲ 3.20 (10.01%)
Data Agro / Dec 18 Data Agro Limited(DAAG)	139.24 ▲ 12.66 (10.00%)
Diamond Ind. / Dec 18 Diamond Industries Limited(DIIL)	20.90 ▲ 1.90 (10.00%)
Pak Datacom / Dec 18 Pak Datacom Limited(PAKD)	103.94 ▲ 9.45 (10.00%)

Stock	Price
Equity Modaraba / Dec 18 First Equity Modaraba(FEM)	3.01 ▼ -0.43 (-12.50%)
Dewan Textile / Dec 18 Dewan Textile Mills Limited(DWTM)	5.67 ▼ -0.77 (-11.96%)
Blue-Ex Ltd / Dec 18 Blue-Ex Limited (GEM)(GEMBLUEX)	37.76 ▼ -4.20 (-10.01%)
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
Din Tex. / Dec 18 Din Textile Mills Limited(DINT)	45.90 ▼ -5.10 (-10.00%)
Macter Int. Ltd / Dec 18 Macter International Limited(MACTER)	331.40 ▼ -36.82 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Calcorp Ltd / Dec 18 Calcorp Limited(CASH)	26.22 ▼ -2.91 (-9.99%)
Sanghar Sugar / Dec 18 Sanghar Sugar Mills Limited(SANSM)	29.20 ▼ -3.15 (-9.74%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.11
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▼ -0.11
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	58,285,174 ▼ -0.33
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	57,202,972 ▼ -0.01
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -0.35
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 1.62
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▲ 0.07
Hub Power Co. / Dec 18 The Hub Power Company Limited(HUBC)	33,289,968 ▼ -2.93
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	31,365,092 ▼ -0.11

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