News Archives for Print - 2018-11-20

Gold firmed on Monday as the dollar fell, but the metal stayed in a tight $6 range as investors held off on big moves ahead of the US Thanksgiving holiday on Thursday.

Published 20 Nov, 2018 12:00am

Board Meetings

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 20 Nov, 2018 12:00am

US soyabean futures fell nearly 2 percent to a 10-day low on Monday as a lack of consensus at a meeting of Asia-Pacific leaders cooled hopes that Washington and Beijing may resolve a trade dispute which has disrupted US soyabean exports to China.

Published 20 Nov, 2018 12:00am

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 20 Nov, 2018 12:00am

Gold rises in Europe

Gold firmed on Monday as the dollar fell, but the metal stayed in a tight $6 range as investors held off on big moves ahead of the US Thanksgiving holiday on Thursday.

Published 20 Nov, 2018 12:00am

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

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

Published 20 Nov, 2018 12:00am

Gold dips in Asia

Gold prices edged lower on Monday in Asia as investors took some profit after the metal rose for four consecutive sessions last week, though the prices were supported by a muted dollar on Federal Reserve's concerns over the global economy.

Published 20 Nov, 2018 12:00am

BRIndex100 and BR Sectoral Indices

BRIndex100 and BR Sectoral Indices on Monday (November 19, 2018).

Published 20 Nov, 2018 12:00am

Palm oil moves up

Malaysian palm oil futures rose more than 0.7 percent on Monday, after traders said the market was oversold last week. The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange climbed to 1,986 ringgit ($474.33) per

Published 20 Nov, 2018 12:00am

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

National Clearing Company declares daily settlement information for local & foreign investors on Monday (November 19, 2018).

Published 20 Nov, 2018 12:00am

Rubber hits over two-year low

Benchmark Tokyo rubber futures slid to a 26-month low on Monday, extending losses into a third straight session, as a firmer yen against the US dollar prompted fresh selling. The Tokyo Commodity Exchange (TOCOM) rubber contract for April delivery finished

Published 20 Nov, 2018 12:00am

Mutual Funds

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Monday (November 19, 2018)

Published 20 Nov, 2018 12:00am

Brent crude slips

Brent crude futures fell in choppy trade on Monday, under pressure from growing supply but supported by a reported drawdown of US oil inventories, potential European Union sanctions on Iran and possible OPEC production cuts.

Published 20 Nov, 2018 12:00am

Mutual Funds

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Monday (November 19, 2018)

Published 20 Nov, 2018 12:00am

Copper edges higher

Copper rose for a fifth straight session on Monday, with hopes of a resolution to the US-China trade war outweighing the threat of higher US tariffs on Chinese goods. Three-month copper on the London Metal Exchange ended 0.9 percent higher at $6,259 a ton

Published 20 Nov, 2018 12:00am

Mutual Funds

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Monday (November 19, 2018)

Published 20 Nov, 2018 12:00am

Pakistan faces hybrid conflict: CoAS

Chief of Army Staff (CoAS), General Qamar Javed Bajwa said on Monday that Pakistan has been subjected to various threats, especially during the last two decades.

Published 20 Nov, 2018 12:00am

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Monday (November 19, 2018).

Published 20 Nov, 2018 12:00am

Pakistan faces hybrid conflict: CoAS

Chief of Army Staff (CoAS), General Qamar Javed Bajwa said on Monday that Pakistan has been subjected to various threats, especially during the last two decades.

Published 20 Nov, 2018 12:00am

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Monday (November 19, 2018).

Published 20 Nov, 2018 12:00am

Privatisation list: CCI approves inclusion of RLNG power plants

A meeting of the Council of Common Interests (CCI) has approved, in principle, inclusion of RLNG power plants in the privatisation list and constitution of task forces at federal and provincial levels to devise plan to deal with the challenge of rapid gro

Published 20 Nov, 2018 12:00am

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Monday (November 19, 2018).

Published 20 Nov, 2018 12:00am

Privatisation list: CCI approves inclusion of RLNG power plants

A meeting of the Council of Common Interests (CCI) has approved, in principle, inclusion of RLNG power plants in the privatisation list and constitution of task forces at federal and provincial levels to devise plan to deal with the challenge of rapid gro

Published 20 Nov, 2018 12:00am

Currency

THE RUPEE: steadier trend

The rupee managed to hold week-end levels against the dollar on the local currency market on Monday in the process of trading activity, dealers said. The rupee did not move any side versus the dollar for buying and selling at Rs 133.99 and Rs 134.00 respe

Published 20 Nov, 2018 12:00am

Privatisation list: CCI approves inclusion of RLNG power plants

A meeting of the Council of Common Interests (CCI) has approved, in principle, inclusion of RLNG power plants in the privatisation list and constitution of task forces at federal and provincial levels to devise plan to deal with the challenge of rapid gro

Published 20 Nov, 2018 12:00am

Currency

THE RUPEE: steadier trend

The rupee managed to hold week-end levels against the dollar on the local currency market on Monday in the process of trading activity, dealers said. The rupee did not move any side versus the dollar for buying and selling at Rs 133.99 and Rs 134.00 respe

Published 20 Nov, 2018 12:00am

Dr Farrukh spells out reasons behind government's FBR decision

The government is restructuring/bifurcating Federal Board of Revenue into policy and operational wings with the objectives of enhancing and rationalizing revenue collection and promoting equity and transparency in the tax machinery. This was stated by gov

Published 20 Nov, 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 (November 19, 2018).

Published 20 Nov, 2018 12:00am

Dr Farrukh spells out reasons behind government's FBR decision

The government is restructuring/bifurcating Federal Board of Revenue into policy and operational wings with the objectives of enhancing and rationalizing revenue collection and promoting equity and transparency in the tax machinery. This was stated by gov

Published 20 Nov, 2018 12:00am

Dollar's rate in interbank market

Interbank closing rates for dollar on Monday (November 19, 2018).

Published 20 Nov, 2018 12:00am

Dr Farrukh spells out reasons behind government''s FBR decision

The government is restructuring/bifurcating Federal Board of Revenue into policy and operational wings with the objectives of enhancing and rationalizing revenue collection and promoting equity and transparency in the tax machinery. This was stated by gov

Published 20 Nov, 2018 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (November 19, 2018).

Published 20 Nov, 2018 12:00am

Fertilizer industry reluctant to cut urea prices

Fertilizer industry Monday showed reluctance to reduce urea prices by Rs 128 per bag on the pretext that the middlemen are making profits and not the industry as is being portrayed by the government, well informed sources told Business Recorder. Th

Published 20 Nov, 2018 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (November 19, 2018).

Published 20 Nov, 2018 12:00am

Fertilizer industry reluctant to cut urea prices

Fertilizer industry Monday showed reluctance to reduce urea prices by Rs 128 per bag on the pretext that the middlemen are making profits and not the industry as is being portrayed by the government, well informed sources told Business Recorder. Th

Published 20 Nov, 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 November 09, 2018.

Published 20 Nov, 2018 12:00am

Fertilizer industry reluctant to cut urea prices

Fertilizer industry Monday showed reluctance to reduce urea prices by Rs 128 per bag on the pretext that the middlemen are making profits and not the industry as is being portrayed by the government, well informed sources told Business Recorder. Th

Published 20 Nov, 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 November 09, 2018.

Published 20 Nov, 2018 12:00am

EU ministers agree terms of 'painful' Brexit divorce

European ministers signed off Britain's draft divorce deal on Monday as they launched an intense final week of negotiations on future cross-Channel ties. Brexit negotiator Michel Barnier and the Union's Austrian rotating presidency said the negotiated tex

Published 20 Nov, 2018 12:00am

Kerb

Pakistan Economic Indicators

Pakistan Economic Indicators - Monday (November 19, 2018).

Published 20 Nov, 2018 12:00am

EU ministers agree terms of 'painful' Brexit divorce

European ministers signed off Britain's draft divorce deal on Monday as they launched an intense final week of negotiations on future cross-Channel ties. Brexit negotiator Michel Barnier and the Union's Austrian rotating presidency said the negotiated tex

Published 20 Nov, 2018 12:00am

Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Monday (November 19, 2018).

Published 20 Nov, 2018 12:00am

May wins business support for draft Brexit deal

British Prime Minister Theresa May on Monday won support from big business for her draft Brexit deal ahead of "intense negotiations" with Brussels in the coming week. May told the Confederation of British Industry (CBI), the UK's main business lobby group

Published 20 Nov, 2018 12:00am

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (November 19, 2018).

Published 20 Nov, 2018 12:00am

May wins business support for draft Brexit deal

British Prime Minister Theresa May on Monday won support from big business for her draft Brexit deal ahead of "intense negotiations" with Brussels in the coming week. May told the Confederation of British Industry (CBI), the UK's main business lobby group

Published 20 Nov, 2018 12:00am

Lahore Paper Market Rates

Paper market rates in rupees on Monday (November 19, 2018).

Published 20 Nov, 2018 12:00am

May wins business support for draft Brexit deal

British Prime Minister Theresa May on Monday won support from big business for her draft Brexit deal ahead of "intense negotiations" with Brussels in the coming week. May told the Confederation of British Industry (CBI), the UK''s main business lobby grou

Published 20 Nov, 2018 12:00am

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (November 19, 2018)

Published 20 Nov, 2018 12:00am

PM to leave for Malaysia today

Prime Minister Imran Khan will leave for Malaysia on two-day official visit today (Tuesday) to hold talks with his Malaysian counterpart Dr Mahathir Mohamad to explore new avenues for bilateral cooperation in various areas. Diplomatic sources told Busi

Published 20 Nov, 2018 12:00am

A praiseworthy step

The Supreme Court of Pakistan has taken a highly praiseworthy step by suspending certain sections of the Punjab ACE Rules 2014, which require the anti-corruption department to seek permission from chief minister prior to initiating an inquiry, registering
Published 20 Nov, 2018 12:00am

MQM-P, PPP to protest approval of census results

Muttahida Qaumi Movement-Pakistan (MQM-P) and Pakistan Peoples Party Monday said that they would protest against the government if results of 2017 national census are approved without a post-enumeration audit of five percent census blocks. Talking to Busi
Published 20 Nov, 2018 12:00am

Erdogan, Putin celebrate key step in Russia-Turkey gas pipeline

Turkish President Recep Tayyip Erdogan and Russian counterpart Vladimir Putin on Monday marked the completion of the offshore phase of a gas pipeline underneath the Black Sea, the latest sign of burgeoning cooperation between Ankara and Moscow.
Published 20 Nov, 2018 12:00am

Saudi king urges action against Iran, backs Yemen peace

Saudi Arabia's King Salman called on the international community on Monday to halt Iran's nuclear and ballistic missile programme, and he also reiterated the kingdom's support for UN efforts to end the war in Yemen. The king's remarks to the Shura Council
Published 20 Nov, 2018 12:00am

Panama Papers case: Nawaz describes probe conducted by JIT as unfair

Former Prime Minister Nawaz Sharif on Monday testifying before the Accountability Court said that the probe conducted by joint investigation team (JIT) in Panama Papers case was not only biased, farce and unfair, but it was also carried out without eviden
Published 20 Nov, 2018 12:00am

AC gets another extension of three weeks

The Supreme Court on Monday gave another extension of three weeks to accountability court-II of Islamabad to decide Al-Azizia and Flagship Investment references against the Sharif family. Chief Justice Mian Saqi Nisar observed that further extension to th
Published 20 Nov, 2018 12:00am

British FM in Iran for talks on Yemen, prisoners

British Foreign Secretary Jeremy Hunt visited Iran for the first time on Monday for talks about the conflict in Yemen and freeing UK nationals held in Iranian jails. It was the first visit to Tehran by a Western foreign minister since the United States wi
Published 20 Nov, 2018 12:00am

Civil service reform

The taskforce headed by Dr Ishrat Husain on civil service reform has come out with the first item in its daunting task. This first item pertains to the procedure for federal secretaries' appointment and tenure. The taskforce recommends that a committee co
Published 20 Nov, 2018 12:00am

Of U-turns

Perhaps it was an inadvertent mistake when while talking to a group of journalists, Prime Minister Imran Khan defended his reputation for making U-turns. A leader who does not do timely U-turns is not a real leader, he said, going on to give the examples
Published 20 Nov, 2018 12:00am

Currency
'Homegrown' reform agenda for IMF programme

The government is negotiating a Programme with the IMF. That the IMF would have stepped in as a lender of last resort was never in doubt, if only to secure the return of the US$6 billion that we still owe them. The objective of this article is to present
Published 20 Nov, 2018 12:00am

Dark times?

I am feeling quite chuffed while writing these lines. I want to express my thanks to the powers that be for forcing the organisers of the Faiz Festival held in Alhamra Arts Council Lahore on November 16-18, 2018 to ban my and two others' participation in
Published 20 Nov, 2018 12:00am

Brexit fears for cross-Channel truck pile-up

In the British port of Dover, 10,000 heavy goods vehicles arrive every day in a perfectly orchestrated symphony of comings and goings.
Published 20 Nov, 2018 12:00am

Private sector being encouraged for durable industrial growth: Punjab CM

Punjab Chief Minister Sardar Usman Buzdar said on Monday that the private sector is being encouraged for durable industrial growth which would help strengthen the country's economy. "The Punjab province will play the role of a vanguard to achieve the goal
Published 20 Nov, 2018 12:00am

ABL assures customers of safe data

Allied Bank assures its valued customers that bank's systems and card holders' data are absolutely secure. Bank has heavily invested on security and resilience of overall systems and infrastructure to make them secure, robust and reliable for safe and sec
Published 20 Nov, 2018 12:00am

APNS Holiday

Sarmad Ali, Secretary General of the All Pakistan Newspapers Society, has announced that the member publications of the All Pakistan Newspapers Society will observe Wednesday as closed holiday on account of Eid Milad-un-Nabi (PBUH). Consequently, there wi
Published 20 Nov, 2018 12:00am

Government recommended to distribute gas as per Constitution

The Senate Standing Committee on Petroleum Monday recommended the government to suspend moratorium on new industrial gas connections and distribute gas as per the Constitution. Senator Mohsin Aziz chaired the meeting of the committee that took up a variet
Published 20 Nov, 2018 12:00am

Six experts taken on SECP policy board

The federal government has appointed six experts as Members of Securities and Exchange Policy Board for a term of four years with immediate effect. According to a notification issued by the Finance Ministry here on Monday, in exercise of the powers confer
Published 20 Nov, 2018 12:00am

SC summons 11 mineral water companies' owners today

The Supreme Court on Monday summoned for Tuesday owners of 11 mineral water companies and warned if they failed to appear their names would be placed on exit control list (ECL). Chief Justice Mian Saqib Nisar was hearing a suo motu case of selling bottled
Published 20 Nov, 2018 12:00am

Cotton
Delay in energy relating notification hits exports: APTMA

The All Pakistan Textile Mills Association (APTMA) Punjab Chairman Adil Bashir said Monday the prevailing uncertainty due to inordinate delay in the issuance of notification for a regionally competitive energy price, i.e. gas at $6.5 per MMBTU and electri
Published 20 Nov, 2018 12:00am

SFA raids different restaurants

Sindh Food Authority (SFA) on Monday conducted a surprise inspection of restaurants in Clifton Block II, to check food safety and hygiene. These restaurants were using unlabeled containers of several items including open masalas and ketchup/mayonnaise ite
Published 20 Nov, 2018 12:00am

Second round: Chinese NRA team to hold talks with Railways Minister today

A five-member delegation of the National Railways Administration (NRA), China, arrived in the provincial metropolis to discuss CPEC projects related to railways, ML-1 and ML-2, Business Recorder has learnt. The delegation, headed by NRA Deputy Admi
Published 20 Nov, 2018 12:00am

Currency	Rate
USD PKR Interbank Selling / Jan 1	278.86
USD PKR Interbank Buying / Jan 1	278.56
USD to Japanese Yen / Jan 1	149.17
USD to Swiss Franc / Jan 1	0.89
Pound Sterling to USD / Jan 1	1.27
Euro to USD / Jan 1	1.09

Stock	Volume
S&P 500 / Jan 1	5,149.42
India Sensex / Jan 1	72,748.42
Tokyo Nikkei / Jan 1	38,576
Nasdaq / Jan 1	16,103.45
Hang Seng / Jan 1	16,737.12
FTSE 100 / Jan 1	7,722.55
Dow Jones / Jan 1	38,790.43
Germany DAX 30 / Jan 1	17,932.68

Item	Value
Crude Oil USD/Barrel / Jan 1	82.77
Karachi Cotton PKR/37.32 KG / Jan 1	21,735
Gold 10 Grams PKR / Jan 1	194,530
Gold Spot USD/Ounce / Jan 1	2,162.40

Stock	Price
Kohinoor Ind. / Jan 31 Kohinoor Industries Limited(KOIL)	10.21 ▲ 1 (10.86%)
IGI Life Ins / Jan 31 IGI Life Insurance Limited(IGIL)	15.13 ▲ 1.38 (10.04%)
Sana Ind / Jan 31 Sana Industries Limited(SNAI)	28.77 ▲ 2.62 (10.02%)
Tariq Corporation / Jan 31 Tariq Corporation Limited(TCORP)	16.91 ▲ 1.54 (10.02%)
I.C.C. Ind. / Jan 31 ICC Industries Limited(ICCI)	15.72 ▲ 1.43 (10.01%)
Redco Textile / Jan 31 Redco Textiles Limited(REDCO)	24.17 ▲ 2.2 (10.01%)
Leather Up Ltd. / Jan 31 Leather Up Limited(LEUL)	53.74 ▲ 4.89 (10.01%)
Pak Leather / Jan 31 Pak Leather Crafts Limited(PAKL)	32.63 ▲ 2.97 (10.01%)
Dandot Cement / Jan 31 Dandot Cement Company Limited(DNCC)	16.48 ▲ 1.5 (10.01%)

Stock	Price
Blue-Ex Ltd / Jan 31 Blue-Ex Limited (GEM)(GEMBLUEX)	54.86 ▼ -6.1 (-10.01%)
D.M. Textile / Jan 31 D.M. Textile Mills Limited(DMTX)	63 ▼ -7 (-10%)
First Imrooz Mod. / Jan 31 First Imrooz Modaraba(FIMM)	189 ▼ -21 (-10%)
Power Cem(Pref) / Jan 31 Power Cement (Pref)(POWERPS)	10.41 ▼ -1.15 (-9.95%)
National Silk / Jan 31 The National Silk & Rayon Mills Limited(NSRM)	40.84 ▼ -4.51 (-9.94%)
Sec. Inv. Bank / Jan 31 Security Investment Bank Limited(SIBL)	7.83 ▼ -0.76 (-8.85%)
Shahtaj Sugar / Jan 31 Shahtaj Sugar Mills Limited(SHJS)	109.56 ▼ -10.44 (-8.7%)
Kohinoor Mills / Jan 31 Kohinoor Mills Limited(KML)	31.05 ▼ -2.9 (-8.54%)
F.Credit & Inv / Jan 31 First Credit and Investment Bank Limited(FCIBL)	7.28 ▼ -0.66 (-8.31%)

Stock	Volume
Cnergyico PK / Jan 31 Cnergyico PK Limited(CNERGY)	66,672,997 ▲ 0.14
Sui South Gas / Jan 31 Sui Southern Gas Company Limited(SSGC)	48,364,956 ▼ -1.33
WorldCall Telecom / Jan 31 Worldcall Telecom Limited(WTL)	36,344,486 ▼ -0.06
Waves Home Appliances / Jan 31 Waves Home Appliances Limited(WAVESAPP)	33,226,540 ▼ -0.77
Bank Makramah / Jan 31 Bank Makramah Limited(BML)	31,509,642 ▲ 0.04
B.O.Punjab / Jan 31 The Bank of Punjab(BOP)	17,873,860 ▲ 0.2
K-Electric Ltd. / Jan 31 K-Electric Limited(KEL)	16,969,744 ▼ -0.07
Pak Refinery / Jan 31 Pakistan Refinery Limited(PRL)	16,492,313 ▼ -0.57
Treet Battery / Jan 31 Treet Battery Limited(TBL)	15,390,342 ▲ 1.07

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