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Print - 2018-11-17
Tajikistan launches $ 4 billion dam, intended to be world's tallest

Tajikistan launches $ 4 billion dam, intended to be world's tallest

Tajik President Emomali Rakhmon on Friday inaugurated what is expected to be the world's tallest hydro-electric power plant, a $3.9 billion project that will turn the impoverished authoritarian country into a key power producer in Central Asia.
Published 17 Nov, 2018 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Pakistan Stock Exchange.

Published 17 Nov, 2018 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 17 Nov, 2018 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 17 Nov, 2018 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (November 16, 2018).

Published 17 Nov, 2018 12:00am
IMF satisfied with current TDS level

IMF satisfied with current TDS level

International Monetary Fund (IMF) has expressed satisfaction at the current level of inter-Discos Tariff Differential Subsides (TDS) as allocation in the budget is in accordance with the allowed limit of the Fund. An official told Business Recorder </i
Published 17 Nov, 2018 12:00am
IMF satisfied with current TDS level

IMF satisfied with current TDS level

International Monetary Fund (IMF) has expressed satisfaction at the current level of inter-Discos Tariff Differential Subsides (TDS) as allocation in the budget is in accordance with the allowed limit of the Fund. An official told Business Recorder </i
Published 17 Nov, 2018 12:00am
IMF satisfied with current TDS level

IMF satisfied with current TDS level

International Monetary Fund (IMF) has expressed satisfaction at the current level of inter-Discos Tariff Differential Subsides (TDS) as allocation in the budget is in accordance with the allowed limit of the Fund. An official told Business Recorder </i
Published 17 Nov, 2018 12:00am
THE RUPEE: mixed patterns
Currency

THE RUPEE: mixed patterns

Divergent trends were seen on the local currency market on Friday in the process of trading activity, dealers said. The rupee stayed put versus the dollar for buying and selling at Rs 133.99 and Rs 134.00 respectively, dealers said.
Published 17 Nov, 2018 12:00am
Recovery of receivables: Discos performing poorly face the music

Recovery of receivables: Discos performing poorly face the music

Power Division has tightened its noose around those Distribution Companies (Discos) that have failed to achieve 100 per cent recovery of outstanding receivables despite very strong instructions from the federal government with the IMF Mission expressing d
Published 17 Nov, 2018 12:00am
THE RUPEE: mixed patterns
Currency

THE RUPEE: mixed patterns

Divergent trends were seen on the local currency market on Friday in the process of trading activity, dealers said. The rupee stayed put versus the dollar for buying and selling at Rs 133.99 and Rs 134.00 respectively, dealers said.
Published 17 Nov, 2018 12:00am
Recovery of receivables: Discos performing poorly face the music

Recovery of receivables: Discos performing poorly face the music

Power Division has tightened its noose around those Distribution Companies (Discos) that have failed to achieve 100 per cent recovery of outstanding receivables despite very strong instructions from the federal government with the IMF Mission expressing d
Published 17 Nov, 2018 12:00am
Recovery of receivables: Discos performing poorly face the music

Recovery of receivables: Discos performing poorly face the music

Power Division has tightened its noose around those Distribution Companies (Discos) that have failed to achieve 100 per cent recovery of outstanding receivables despite very strong instructions from the federal government with the IMF Mission expressing d
Published 17 Nov, 2018 12:00am
BRIndex100 gains 29.62 points

BRIndex100 gains 29.62 points

Pakistan Stock Exchange managed on close on positive note on the last day of the week on the back of healthy buying in various sectors. BRIndex100 gained 29.62 points or 0.67 percent to close at 4,427.59 points on Friday. During the session, the BRIndex-1
Published 17 Nov, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (November 16, 2018).

Published 17 Nov, 2018 12:00am
BRIndex100 gains 29.62 points

BRIndex100 gains 29.62 points

Pakistan Stock Exchange managed on close on positive note on the last day of the week on the back of healthy buying in various sectors. BRIndex100 gained 29.62 points or 0.67 percent to close at 4,427.59 points on Friday. During the session, the BRIndex-1
Published 17 Nov, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (November 16, 2018).

Published 17 Nov, 2018 12:00am
BRIndex100 gains 29.62 points

BRIndex100 gains 29.62 points

Pakistan Stock Exchange managed on close on positive note on the last day of the week on the back of healthy buying in various sectors. BRIndex100 gained 29.62 points or 0.67 percent to close at 4,427.59 points on Friday. During the session, the BRIndex-1
Published 17 Nov, 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 Friday (November 16, 2018).

Published 17 Nov, 2018 12:00am
First 100 days: PM to spell out 'achievements' anytime soon

First 100 days: PM to spell out 'achievements' anytime soon

Prime Minister Imran Khan Friday said the government will soon unveil achievements that it has made in the first 100 days in power. Talking to a delegation of columnists in Islamabad, the Prime Minister said the first hundred days report assumes a signifi
Published 17 Nov, 2018 12:00am
First 100 days: PM to spell out 'achievements' anytime soon

First 100 days: PM to spell out 'achievements' anytime soon

Prime Minister Imran Khan Friday said the government will soon unveil achievements that it has made in the first 100 days in power. Talking to a delegation of columnists in Islamabad, the Prime Minister said the first hundred days report assumes a signifi
Published 17 Nov, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (November 16, 2018)

Published 17 Nov, 2018 12:00am
Wheat export: Ministry seeks ECC's approval
Cotton

Wheat export: Ministry seeks ECC's approval

Ministry of National Food Security and Research has moved a proposal to the Economic Coordination Committee (ECC) of the Cabinet to seek approval for export of 3.1 million tonnes of surplus wheat by providing a $105 per tonne subsidy. This was disclosed b
Published 17 Nov, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (November 16, 2018).

Published 17 Nov, 2018 12:00am
Wheat export: Ministry seeks ECC's approval
Cotton

Wheat export: Ministry seeks ECC's approval

Ministry of National Food Security and Research has moved a proposal to the Economic Coordination Committee (ECC) of the Cabinet to seek approval for export of 3.1 million tonnes of surplus wheat by providing a $105 per tonne subsidy. This was disclosed b
Published 17 Nov, 2018 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 17 Nov, 2018 12:00am
Wheat export: Ministry seeks ECC''s approval
Cotton

Wheat export: Ministry seeks ECC''s approval

Ministry of National Food Security and Research has moved a proposal to the Economic Coordination Committee (ECC) of the Cabinet to seek approval for export of 3.1 million tonnes of surplus wheat by providing a $105 per tonne subsidy. This was disclosed b
Published 17 Nov, 2018 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 17 Nov, 2018 12:00am
May defends Brexit deal as opponents plot no-confidence vote

May defends Brexit deal as opponents plot no-confidence vote

British Prime Minister Theresa May won the backing of the most prominent Brexiteer in her government on Friday as she fought to save a draft European Union divorce deal that has stirred up a plot to force her out of her job. More than two years after the
Published 17 Nov, 2018 12:00am
The Weather

The Weather

The weather report on Friday (November 16, 2018) and the forecast for Saturday (November 17, 2018).

Published 17 Nov, 2018 12:00am
May defends Brexit deal as opponents plot no-confidence vote

May defends Brexit deal as opponents plot no-confidence vote

British Prime Minister Theresa May won the backing of the most prominent Brexiteer in her government on Friday as she fought to save a draft European Union divorce deal that has stirred up a plot to force her out of her job. More than two years after the
Published 17 Nov, 2018 12:00am
One who doesn't take U-turns is no real leader: PM

One who doesn't take U-turns is no real leader: PM

Prime Minister Imran Khan on Friday said a leader who does not take "U-turns" according to situations is not a real leader. During an interaction with journalists at the PM House, the premier said, "[Adolf] Hitler and Napoleon [Bonaparte] suffered huge de
Published 17 Nov, 2018 12:00am
One who doesn't take U-turns is no real leader: PM

One who doesn't take U-turns is no real leader: PM

Prime Minister Imran Khan on Friday said a leader who does not take "U-turns" according to situations is not a real leader. During an interaction with journalists at the PM House, the premier said, "[Adolf] Hitler and Napoleon [Bonaparte] suffered huge de
Published 17 Nov, 2018 12:00am
LNG terminals: Current location causes additional financial loss: MoMA

LNG terminals: Current location causes additional financial loss: MoMA

The federal government has hinted at shifting of existing two Liquefied Natural Gas (LNG) terminals to other locations, as Ministry of Maritime Affairs (MoMA) claimed an additional $ 14 million financial loss due to current location of terminals, sources
Published 17 Nov, 2018 12:00am
LNG terminals: Current location causes additional financial loss: MoMA

LNG terminals: Current location causes additional financial loss: MoMA

The federal government has hinted at shifting of existing two Liquefied Natural Gas (LNG) terminals to other locations, as Ministry of Maritime Affairs (MoMA) claimed an additional $ 14 million financial loss due to current location of terminals, sources
Published 17 Nov, 2018 12:00am
LNG terminals: Current location causes additional financial loss: MoMA

LNG terminals: Current location causes additional financial loss: MoMA

The federal government has hinted at shifting of existing two Liquefied Natural Gas (LNG) terminals to other locations, as Ministry of Maritime Affairs (MoMA) claimed an additional $ 14 million financial loss due to current location of terminals, sources
Published 17 Nov, 2018 12:00am
Umar reaffirms government resolve to facilitate international investors

Umar reaffirms government resolve to facilitate international investors

Finance Minister Asad Umar Friday reaffirmed the government's resolve to facilitate the international investors in every possible manner to promote the investment for the economiic development of the country. Talking to the delegation of Pakistan Britain
Published 17 Nov, 2018 12:00am
Riaz Memon made TCP chairman

Riaz Memon made TCP chairman

The federal government has posted Riaz Ahmad Memon, a BS-20 officer of Pakistan Administrative Service, presently awaiting posting in Establishment Division, as Chairman, Trading Corporation of Pakistan, under Commerce Division. In another major step, the
Published 17 Nov, 2018 12:00am
Riaz Memon made TCP chairman

Riaz Memon made TCP chairman

The federal government has posted Riaz Ahmad Memon, a BS-20 officer of Pakistan Administrative Service, presently awaiting posting in Establishment Division, as Chairman, Trading Corporation of Pakistan, under Commerce Division. In another major step, the
Published 17 Nov, 2018 12:00am
Riaz Memon made TCP chairman

Riaz Memon made TCP chairman

The federal government has posted Riaz Ahmad Memon, a BS-20 officer of Pakistan Administrative Service, presently awaiting posting in Establishment Division, as Chairman, Trading Corporation of Pakistan, under Commerce Division. In another major step, the
Published 17 Nov, 2018 12:00am
37 killed in Central Africa clashes: UN

37 killed in Central Africa clashes: UN

Thirty-seven bodies were found Friday in the central town of Alindao after clashes between armed groups, the UN mission in the perennially restive Central African Republic said.
Published 17 Nov, 2018 12:00am
37 killed in Central Africa clashes: UN

37 killed in Central Africa clashes: UN

Thirty-seven bodies were found Friday in the central town of Alindao after clashes between armed groups, the UN mission in the perennially restive Central African Republic said.
Published 17 Nov, 2018 12:00am
No street power to determine how Pakistan will function: SC

No street power to determine how Pakistan will function: SC

The Supreme Court said that the country functions in accordance with the Constitution and law and no street power will determine how Pakistan will function. A two-judge bench comprising Justice Mushir Alam and Justice Qazi Faez Isa heard the suo motu case
Published 17 Nov, 2018 12:00am
No street power to determine how Pakistan will function: SC

No street power to determine how Pakistan will function: SC

The Supreme Court said that the country functions in accordance with the Constitution and law and no street power will determine how Pakistan will function. A two-judge bench comprising Justice Mushir Alam and Justice Qazi Faez Isa heard the suo motu case
Published 17 Nov, 2018 12:00am
SW&BM seeks Rs 153 million for Lahore's shelter homes

SW&BM seeks Rs 153 million for Lahore's shelter homes

The Social Welfare and Bait-ul-Maal (SW&BM) Punjab has proposed the Punjab government to release an estimated amount of over Rs 153 million for the establishment of five "Musafir Khanas" (shelter homes) in the provincial capital for the homeless people wh
Published 17 Nov, 2018 12:00am
Hyderabad's uplift schemes reviewed

Hyderabad's uplift schemes reviewed

Deputy Commissioner Hyderabad, Syed Aijaz Ali Shah said that restoration of beauty of Hyderabad is our priority because Hyderabad is our city and we all should work for its development. He said this while chairing a meeting of Oversight Committee of Maint
Published 17 Nov, 2018 12:00am
Police 'forcibly' confiscate dozens of vehicles

Police 'forcibly' confiscate dozens of vehicles

Police on Friday 'forcefully' confiscated dozens of vehicles and parked them inside Nishtar Park for security of a religious rally, forcing the drivers to spent the whole night on Soldier Bazaar's roads in the metropolis.
Published 17 Nov, 2018 12:00am
KMBL declared 'Best Microfinance Bank'

KMBL declared 'Best Microfinance Bank'

Khushhali Microfinance Bank Limited has won the accolade of "Best Microfinance Bank" at the third Pakistan Banking Awards 2018 organized by the Institute of Bankers Pakistan with AF Ferguson as its knowledge partner and & Dawn Media Group as its official
Published 17 Nov, 2018 12:00am
Punjab governor, CM discuss political affairs with president

Punjab governor, CM discuss political affairs with president

Punjab Governor Chaudhary Mohammad Sarwar and Chief Minister Sardar Usman Buzdar called on President Dr Arif Alvi at the Governor's House on Friday and discussed important political affairs and administrative matters of the province.
Published 17 Nov, 2018 12:00am
Trade between Pakistan and Russia can be raised to a record level: envoy

Trade between Pakistan and Russia can be raised to a record level: envoy

"Bilateral trade between Pakistan and Russia can be enhanced to a record high level, provided direct banking channels are established between the two countries." Russian Ambassador to Pakistan Alexey Yuievich Dedov stated this while talking to the Lahore
Published 17 Nov, 2018 12:00am
Faiz festival kicks off at Alhamra Art Centre

Faiz festival kicks off at Alhamra Art Centre

The fourth Faiz International Festival kicked off at Alhamra Hal here on Friday with two performances including "An Evening with Tahira Syed named Yaad Ki Rah Guzar" and "A Play by Ajoka Theatre named Kaala Mainda Bhesa" dedicated to Madeeha Gohar.
Published 17 Nov, 2018 12:00am
UBG's drive for FPCCI polls begins

UBG's drive for FPCCI polls begins

United Business Group (UBG) on Friday kicked out second round of nationwide election campaign for forthcoming annual elections of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) scheduled to be held on December 28.
Published 17 Nov, 2018 12:00am
JIT formed to probe SP Dawar's murder

JIT formed to probe SP Dawar's murder

Chief Commissioner Islamabad Ameer Ali Ahmed Friday constituted a seven-member joint investigation team (JIT) to probe the abduction and murder of Superintendent of Police (SP) Tahir Khan Dawar. According to a notification issued by the chief commissioner
Published 17 Nov, 2018 12:00am
'Antibiotic- resistant infections can lead to serious disability'

'Antibiotic- resistant infections can lead to serious disability'

In some cases, the antibiotic-resistant infections can lead to serious disability or even death, health professionals warned. Associate Professor Surgery at Services Hospital, Lahore Dr Qamar Ashfaq said, "The reason to antibiotic resistance is over and m
Published 17 Nov, 2018 12:00am
WWF-Pakistan, PTCL plant mangroves in Sonmiani

WWF-Pakistan, PTCL plant mangroves in Sonmiani

WWF-Pakistan and Pakistan Telecommunica-tion Company Limited (PTCL) have completed their mangrove plantation drive under which 200,000 saplings of Ceriops tagal, Rhizophora mucronata and Avicennia marina were planted in Sonmiani, Lasbela District Balochis
Published 17 Nov, 2018 12:00am
NAB for placing Hamza, Salman's names on ECL

NAB for placing Hamza, Salman's names on ECL

The National Accountability Bureau (NAB) Friday recommended the Ministry of Interior to place the names of Opposition Leader in Punjab Assembly Hamza Shahbaz and his brother Salman Shahbaz on Exit Control List (ECL), as two corruption inquiries are underw
Published 17 Nov, 2018 12:00am
SECP nominates special public prosecutors

SECP nominates special public prosecutors

In order to expedite disposal of cases in litigation, Securities and Exchange Commission of Pakistan (SECP) has nominated and re-designated some of its officers as special public prosecutors to conduct all prosecution of offences against corporate sector.
Published 17 Nov, 2018 12:00am
US MIDDAY: gold jumps

US MIDDAY: gold jumps

Gold rose as much as 1 percent on Friday as the dollar fell after US Federal Reserve officials made cautions comments that fed doubt about the outlook for interest rate hikes, while palladium hit a record high driven by worries about short supplies. Spot
Published 17 Nov, 2018 12:00am
Tolerance needed for prosperous Pakistan: Zardari

Tolerance needed for prosperous Pakistan: Zardari

Former President Asif Ali Zardari has said, "We need tolerance in the society for creating a peaceful and prosperous Pakistan." He in his message on the eve of World Tolerance Day said that Pakistan is a country of different cultures and traditions and to
Published 17 Nov, 2018 12:00am
Decision to issue bonus shares is irrevocable: SECP

Decision to issue bonus shares is irrevocable: SECP

The Securities and Exchange Commission of Pakistan (SECP) has directed companies that the decision to issue bonus shares, once announced by the board, cannot be withdrawn. The SECP has issued Companies (Further Issue of Shares) Regulations, 2018 here on F
Published 17 Nov, 2018 12:00am
SECP asks public companies to introduce ESOS for employees

SECP asks public companies to introduce ESOS for employees

The Securities and Exchange Commission of Pakistan (SECP) has asked public companies to introduce Employees Stock Option Scheme (ESOS) for their employees and reserve certain percentage of further issue of shares for its employees as ESOS.
Published 17 Nov, 2018 12:00am
ABAD signs MoU with International Industries Limited

ABAD signs MoU with International Industries Limited

Association of Builders and Developers of Pakistan (ABAD) has signed a Memorandum of Understanding (MoU) with International Industries Limited (IIL), a construction material manufacturer company. According to details, under this MoU, the company would pro
Published 17 Nov, 2018 12:00am
SECP holds 20 awareness sessions on AML/CFT

SECP holds 20 awareness sessions on AML/CFT

More than 500 professionals from the securities and commodities market, insurance sector, the non-banking financial institutions (NBFI) and the Securities and Exchange Commission of Pakistan recently attended 20 awareness sessions on anti-money laundering
Published 17 Nov, 2018 12:00am
Possible new programme: IMF team may remain in country until next week

Possible new programme: IMF team may remain in country until next week

"The International Monetary Fund (IMF) staff team is expected to remain in Pakistan until next week for discussions with the authorities on a possible new programme with Pakistan." This has been stated by Spokesperson IMF Gerry Rice during the bi-weekly b
Published 17 Nov, 2018 12:00am
SU joins world consortium of 49 universities

SU joins world consortium of 49 universities

One more global distinction has come to Sindh University as it has become part of World University Alliance for Food Science and Education (BRUA-FSE).
Published 17 Nov, 2018 12:00am
Rs 10 billion to be spent on deserving students: P&D chief

Rs 10 billion to be spent on deserving students: P&D chief

Punjab Planning and Development (P&D) Chairman Habib-ur-Rehman Gilani has said that a sum of Rs 10 billion would be spent on deserving students through the Punjab Education Foundation (PEF). The chairman was talking to a 20th National Security Workshop he
Published 17 Nov, 2018 12:00am
Iqbal asked to pay Rs 1.5 billion to SSGC

Iqbal asked to pay Rs 1.5 billion to SSGC

The Supreme Court on Friday ordered Iqbal Z. Ahmad to pay Rs 1.5 billion to Sui Southern Gas Company (SSGC) as admitted liability on his gas processing plant Jamshoro Joint Venture Limited (JJVL). Chief Justice Mian Saqib Nisar gave eight weeks for the pa
Published 17 Nov, 2018 12:00am
SC seeks complete record of Bukhari's appointment

SC seeks complete record of Bukhari's appointment

The Supreme Court on Friday directed the federal government to produce complete record about the appointment of special assistant to Prime Minister Zulfi Bokhari by December 5. The petitioners, Mirza Moeez Baig and Adil Chattah had challenged the appointm
Published 17 Nov, 2018 12:00am
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