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Print - 2019-01-02
ECP asks 688 lawmakers to submit assets details by January 16

ECP asks 688 lawmakers to submit assets details by January 16

The Election Commission of Pakistan (ECP) Tuesday said that only 483 lawmakers out of total 1,174 members of assemblies have submitted the details of their assets while all the remaining members are directed to submit their details by January 16.
Published 02 Jan, 2019 12:00am
Rs 187 billion released under PSDP

Rs 187 billion released under PSDP

The Pakistan Tehreek-e-Insaf (PTI) government has released Rs 187 billion (27.7 percent) including Rs 57.4 billion foreign aid for different development projects under Public Sector Development Programme (PSDP) 2018-19 against the total budgeted allocatio
Published 02 Jan, 2019 12:00am
PAD to sow sunflower on 210,000 acres of land

PAD to sow sunflower on 210,000 acres of land

The Punjab Agriculture Department (PAD) has fixed a target of sowing sunflower on 210,000 acres of land across the province for the season 2018-19. Pakistan import edible oil worth Rs300 billion per annum, which is a big burden on the national economy and
Published 02 Jan, 2019 12:00am
Aman Foundation to expand operation

Aman Foundation to expand operation

Aman Foundation is poised to scale up its operation in the coming year as a result of new initiatives and strategic partnerships such as an ambulance service with Sindh Government. This process has already been initiated through an agreement signed recent
Published 02 Jan, 2019 12:00am
Gas & Oil Pakistan's terminal commissioned at Mahmoodkot

Gas & Oil Pakistan's terminal commissioned at Mahmoodkot

Gas & Oil Pakistan Ltd (GO) has commissioned its state-of-the-art terminal at Mahmoodkot, Punjab in the vicinity of PARCO Mid-Country Refinery which is the largest oil storage facility of any Oil Marketing Company (OMC) in that region.
Published 02 Jan, 2019 12:00am
Four petroleum products: FBR imposes standard rate of 17 percent ST

Four petroleum products: FBR imposes standard rate of 17 percent ST

The Federal Board of Revenue (FBR) has imposed standard rate of 17 percent sales tax on four petroleum products including motor spirit from January 1, 2019. According to an SRO 1574(I)/2018 issued by the FBR, sales tax on motor spirit has been increased f
Published 02 Jan, 2019 12:00am
Leakage of JIT report on fake bank accounts: PML-N holds PM responsible

Leakage of JIT report on fake bank accounts: PML-N holds PM responsible

Pakistan Muslim League-Nawaz (PML-N) Tuesday held Prime Minister Imran Khan responsible for the leakage of joint investigation team (JIT) report on the fake bank accounts for political gains. Talking to reporters, senior PML-N leaders including Khurram Da
Published 02 Jan, 2019 12:00am
Johnson & Phillips (Pakistan) Limited

Johnson & Phillips (Pakistan) Limited

Johnson & Phillips (PSX: JOPP) started out as a small company in London in 1875 as a manufacturer of telegraph cables and associated equipments with operations growing as the use of electricity increased. While the company was incoroprated in 1961, it has
Published 02 Jan, 2019 12:00am
Johnson & Phillips (Pakistan) Limited

Johnson & Phillips (Pakistan) Limited

Johnson & Phillips (PSX: JOPP) started out as a small company in London in 1875 as a manufacturer of telegraph cables and associated equipments with operations growing as the use of electricity increased. While the company was incoroprated in 1961, it has
Published 02 Jan, 2019 12:00am
'The ECL war'

'The ECL war'

This is apropos a Business Recorder editorial "The ECL war" carried by the newspaper yesterday. It has pointed out, for example, that "The PTI is in power in two provinces and at the Centre. If its recent moves in the name of accountability (condem
Published 02 Jan, 2019 12:00am
Afghanistan's neighbours fear refugee crisis if US pulls out

Afghanistan's neighbours fear refugee crisis if US pulls out

Afghanistan's neighbours, caught off-guard by reports of US plans to withdraw thousands of troops, have begun preparing for the risk that a pullout could send hundreds of thousands of refugees fleeing across their borders, diplomats say.
Published 02 Jan, 2019 12:00am
Drycleaners in the neighbourhood

Drycleaners in the neighbourhood

Over the last decade or so, a new money laundering hub has sprung up in our neighbourhood - in slow-motion, seemingly without causing any major worldwide financial disruption. Dubai is secretive and cash friendly. But its luxury hotels, skyscrapers and ma
Published 02 Jan, 2019 12:00am
BD opposition seeks new vote

BD opposition seeks new vote

For Sheikh Hasina winning her fourth term was no challenge. Like ever before her administration had put in place everything to win this election. By the eve of election to parliament some 12,000-plus Opposition activists had been arrested, media bludgeone
Updated 27 Jul, 2019 09:00am
Population policy

Population policy

The issue of population control seems to be attracting the attention of the present government and for the right reasons after it remained ignored for nearly six years. At a national dialogue hosted by the Population Council last week in Islamabad, electe
Updated 27 Jul, 2019 09:00am
Afghan Taliban says 'post-occupation' discussed with Iran

Afghan Taliban says 'post-occupation' discussed with Iran

The Taliban discussed Afghanistan's "post-occupation situation" with Iran in their latest meeting, the group said Tuesday, as Tehran makes a more concerted and open push for peace ahead of a possible US drawdown. The remarks come after Iran confirmed Mond
Published 02 Jan, 2019 12:00am
Afghan Taliban says 'post-occupation' discussed with Iran

Afghan Taliban says 'post-occupation' discussed with Iran

The Taliban discussed Afghanistan's "post-occupation situation" with Iran in their latest meeting, the group said Tuesday, as Tehran makes a more concerted and open push for peace ahead of a possible US drawdown. The remarks come after Iran confirmed Mond
Published 02 Jan, 2019 12:00am
Al-Azizia reference: Nawaz challenges AC's verdict

Al-Azizia reference: Nawaz challenges AC's verdict

Former Prime Minister Nawaz Sharif Tuesday filed an appeal in the Islamabad High Court (IHC), challenging accountability court's verdict in the Al-Azizia reference for which he is currently facing a seven-year imprisonment. In his petition, Sharif sought
Published 02 Jan, 2019 12:00am
Al-Azizia reference: Nawaz challenges AC's verdict

Al-Azizia reference: Nawaz challenges AC's verdict

Former Prime Minister Nawaz Sharif Tuesday filed an appeal in the Islamabad High Court (IHC), challenging accountability court's verdict in the Al-Azizia reference for which he is currently facing a seven-year imprisonment. In his petition, Sharif sought
Published 02 Jan, 2019 12:00am
US expresses 'concern' with Bangladesh's lopsided vote

US expresses 'concern' with Bangladesh's lopsided vote

The United States on Tuesday expressed concern about "credible reports of harassment, intimidation and violence" in the weeks before Sunday's parliamentary election in Bangladesh. A State Department statement urged the country's Election Commission to "wo
Published 02 Jan, 2019 12:00am
US expresses 'concern' with Bangladesh's lopsided vote

US expresses 'concern' with Bangladesh's lopsided vote

The United States on Tuesday expressed concern about "credible reports of harassment, intimidation and violence" in the weeks before Sunday's parliamentary election in Bangladesh. A State Department statement urged the country's Election Commission to "wo
Published 02 Jan, 2019 12:00am
Kader Khan passes away

Kader Khan passes away

Veteran Bollywood actor-writer Kader Khan passed away on Monday late night after a prolonged illness in Canada. He was 81 years old. "He passed away on December 31 due to prolonged illness. He slipped into coma in the afternoon and was in the hospital for
Published 02 Jan, 2019 12:00am
Kader Khan passes away

Kader Khan passes away

Veteran Bollywood actor-writer Kader Khan passed away on Monday late night after a prolonged illness in Canada. He was 81 years old. "He passed away on December 31 due to prolonged illness. He slipped into coma in the afternoon and was in the hospital for
Published 02 Jan, 2019 12:00am
Four terrorists killed, four soldiers martyred in Loralai

Four terrorists killed, four soldiers martyred in Loralai

At least four militants were killed in retaliatory fire by security forces when they attempted to attack residential/administration compound of security forces in a training centre of FC at Loralai, Balochistan, on Tuesday. According to Inter-Services Pub
Published 02 Jan, 2019 12:00am
Four terrorists killed, four soldiers martyred in Loralai

Four terrorists killed, four soldiers martyred in Loralai

At least four militants were killed in retaliatory fire by security forces when they attempted to attack residential/administration compound of security forces in a training centre of FC at Loralai, Balochistan, on Tuesday. According to Inter-Services Pub
Published 02 Jan, 2019 12:00am
SRB leads in revenue growth among provinces

SRB leads in revenue growth among provinces

Among all provinces, Sindh Revenue Board (SRB) has taken the lead by amassing 14.36 percent growth in revenue and collected Rs 44.373 billion during the first six months of 2018-19 against Rs 38.802 billion in same period of 2017-18. Federal Board of Reve
Published 02 Jan, 2019 12:00am
SRB leads in revenue growth among provinces

SRB leads in revenue growth among provinces

Among all provinces, Sindh Revenue Board (SRB) has taken the lead by amassing 14.36 percent growth in revenue and collected Rs 44.373 billion during the first six months of 2018-19 against Rs 38.802 billion in same period of 2017-18. Federal Board of Reve
Published 02 Jan, 2019 12:00am
SRB leads in revenue growth among provinces

SRB leads in revenue growth among provinces

Among all provinces, Sindh Revenue Board (SRB) has taken the lead by amassing 14.36 percent growth in revenue and collected Rs 44.373 billion during the first six months of 2018-19 against Rs 38.802 billion in same period of 2017-18. Federal Board of Reve
Published 02 Jan, 2019 12:00am
Tens of thousands protest in India over flashpoint temple

Tens of thousands protest in India over flashpoint temple

Tens of thousands of women formed a human chain across a southern Indian state on Tuesday, in support of a court order overturning a partial ban on women entering one of Hinduism's holiest temples, witnesses said. The 'Women's Wall' rally was backed by th
Published 02 Jan, 2019 12:00am
Tens of thousands protest in India over flashpoint temple

Tens of thousands protest in India over flashpoint temple

Tens of thousands of women formed a human chain across a southern Indian state on Tuesday, in support of a court order overturning a partial ban on women entering one of Hinduism's holiest temples, witnesses said. The 'Women's Wall' rally was backed by th
Published 02 Jan, 2019 12:00am
Judiciary can't create laws: CJP

Judiciary can't create laws: CJP

Chief Justice Mian Saqib Nisar Tuesday regretted that he is held responsible for not putting his house in order, even though the judiciary does not have the authority to legislate. "We have moulded our judicial procedure according to the current era," Chi
Published 02 Jan, 2019 12:00am
Judiciary can't create laws: CJP

Judiciary can't create laws: CJP

Chief Justice Mian Saqib Nisar Tuesday regretted that he is held responsible for not putting his house in order, even though the judiciary does not have the authority to legislate. "We have moulded our judicial procedure according to the current era," Chi
Published 02 Jan, 2019 12:00am
China to upgrade social services in Balochistan

China to upgrade social services in Balochistan

China will extend all possible support to upgrade social services in Pakistan's remote regions, especially in Balochistan. Gwadar will be the main focus of attention for improving the living conditions of the people; it was stated here on Tuesday by Sun W
Published 02 Jan, 2019 12:00am
CCP sets aside its show-cause notice issued to Wateen Telecom

CCP sets aside its show-cause notice issued to Wateen Telecom

The Competition Commission of Pakistan (CCP) has set aside and disposed of show cause notice issued to Wateen Telecom Limited and also set aside the findings of its enquiry in the matter of alleged violation of Section 3 of the Competition Act, 2010. This
Published 02 Jan, 2019 12:00am
Indian drone shot down

Indian drone shot down

Pakistan Army shot down an Indian spy drone along the Line of Control (LoC) on Tuesday. In a tweet, Inter-Services Public Relations (ISPR) Director General (DG) Major General Asif Ghafoor said, "Pakistan Army troops shot down Indian Spy Quadcopter in Bagh
Published 02 Jan, 2019 12:00am
Overcome PIA losses, PM tells chairman

Overcome PIA losses, PM tells chairman

Prime Minister Imran Khan has directed for devising a comprehensive business plan to revive Pakistan International Airlines (PIA) as a profitable institution. The Prime Minister said this while chairing a meeting held to review the ongoing reforms in PIA
Published 02 Jan, 2019 12:00am
Overcome PIA losses, PM tells chairman

Overcome PIA losses, PM tells chairman

Prime Minister Imran Khan has directed for devising a comprehensive business plan to revive Pakistan International Airlines (PIA) as a profitable institution. The Prime Minister said this while chairing a meeting held to review the ongoing reforms in PIA
Published 02 Jan, 2019 12:00am
Overcome PIA losses, PM tells chairman

Overcome PIA losses, PM tells chairman

Prime Minister Imran Khan has directed for devising a comprehensive business plan to revive Pakistan International Airlines (PIA) as a profitable institution. The Prime Minister said this while chairing a meeting held to review the ongoing reforms in PIA
Published 02 Jan, 2019 12:00am
BRIndex100 stages smart rally

BRIndex100 stages smart rally

Pakistan Stock Exchange Tuesday witnessed a bullish trend on the first day of new-year on the back of healthy buying in various sectors. BRIndex100 gained 123.75 points or 3.23 percent to close at 3,954.23 points. BRIndex100 touched intraday high of 3,956
Published 02 Jan, 2019 12:00am
BRIndex100 stages smart rally

BRIndex100 stages smart rally

Pakistan Stock Exchange Tuesday witnessed a bullish trend on the first day of new-year on the back of healthy buying in various sectors. BRIndex100 gained 123.75 points or 3.23 percent to close at 3,954.23 points. BRIndex100 touched intraday high of 3,956
Published 02 Jan, 2019 12:00am
BRIndex100 stages smart rally

BRIndex100 stages smart rally

Pakistan Stock Exchange Tuesday witnessed a bullish trend on the first day of new-year on the back of healthy buying in various sectors. BRIndex100 gained 123.75 points or 3.23 percent to close at 3,954.23 points. BRIndex100 touched intraday high of 3,956
Published 02 Jan, 2019 12:00am
All DHA-EHS agreements annulled by SC

All DHA-EHS agreements annulled by SC

The Supreme Court on Tuesday declared null and void all agreements between the Defence Housing Authority (DHA) and the Eden Housing Society (EHS), and ordered the former to develop the "11,000 plots sold by the latter within five years" in a bid to offer
Published 02 Jan, 2019 12:00am
All DHA-EHS agreements annulled by SC

All DHA-EHS agreements annulled by SC

The Supreme Court on Tuesday declared null and void all agreements between the Defence Housing Authority (DHA) and the Eden Housing Society (EHS), and ordered the former to develop the "11,000 plots sold by the latter within five years" in a bid to offer
Published 02 Jan, 2019 12:00am
Raw material import: ADs can make up to $10,000 advance payments: SBP

Raw material import: ADs can make up to $10,000 advance payments: SBP

The State Bank of Pakistan (SBP) has allowed the Authorized Dealers to make advance payments up to USD 10,000 per invoice on behalf of importers cum exporters for import of raw materials, accessories and spares. Earlier, the SBP restricted the advance pay
Published 02 Jan, 2019 12:00am
Raw material import: ADs can make up to $10,000 advance payments: SBP

Raw material import: ADs can make up to $10,000 advance payments: SBP

The State Bank of Pakistan (SBP) has allowed the Authorized Dealers to make advance payments up to USD 10,000 per invoice on behalf of importers cum exporters for import of raw materials, accessories and spares. Earlier, the SBP restricted the advance pay
Published 02 Jan, 2019 12:00am
Raw material import: ADs can make up to $10,000 advance payments: SBP

Raw material import: ADs can make up to $10,000 advance payments: SBP

The State Bank of Pakistan (SBP) has allowed the Authorized Dealers to make advance payments up to USD 10,000 per invoice on behalf of importers cum exporters for import of raw materials, accessories and spares. Earlier, the SBP restricted the advance pay
Published 02 Jan, 2019 12:00am
NASA succeeds in historic flyby of faraway world

NASA succeeds in historic flyby of faraway world

NASA rang in the New Year on Tuesday with a historic flyby of the farthest, and quite possibly the oldest, cosmic body ever explored by humankind - a tiny, distant world called Ultima Thule - in the hopes of learning more about how planets took shape.
Published 02 Jan, 2019 12:00am
NASA succeeds in historic flyby of faraway world

NASA succeeds in historic flyby of faraway world

NASA rang in the New Year on Tuesday with a historic flyby of the farthest, and quite possibly the oldest, cosmic body ever explored by humankind - a tiny, distant world called Ultima Thule - in the hopes of learning more about how planets took shape.
Published 02 Jan, 2019 12:00am
NAB seeks Rs 750 million supplementary grant

NAB seeks Rs 750 million supplementary grant

The National Accountability Bureau (NAB) has sought supplementary grant of Rs 750 million from the federal government, as financial constraints has caused an adverse impact on its operational activities, sources close to Chairman NAB told Business Reco
Published 02 Jan, 2019 12:00am
NAB seeks Rs 750 million supplementary grant

NAB seeks Rs 750 million supplementary grant

The National Accountability Bureau (NAB) has sought supplementary grant of Rs 750 million from the federal government, as financial constraints has caused an adverse impact on its operational activities, sources close to Chairman NAB told Business Reco
Published 02 Jan, 2019 12:00am
SECP chief takes umbrage at FIA raid on head-office

SECP chief takes umbrage at FIA raid on head-office

Chairman Securities and Exchange Policy Board (Policy Board), Khalid Mirza Tuesday strongly condemned the raid of Federal Investigation Agency (FIA) at the head office of Securities and Exchange Commission of Pakistan (SECP) for taking record pertaining t
Published 02 Jan, 2019 12:00am
SECP chief takes umbrage at FIA raid on head-office

SECP chief takes umbrage at FIA raid on head-office

Chairman Securities and Exchange Policy Board (Policy Board), Khalid Mirza Tuesday strongly condemned the raid of Federal Investigation Agency (FIA) at the head office of Securities and Exchange Commission of Pakistan (SECP) for taking record pertaining t
Published 02 Jan, 2019 12:00am
SECP chief takes umbrage at FIA raid on head-office

SECP chief takes umbrage at FIA raid on head-office

Chairman Securities and Exchange Policy Board (Policy Board), Khalid Mirza Tuesday strongly condemned the raid of Federal Investigation Agency (FIA) at the head office of Securities and Exchange Commission of Pakistan (SECP) for taking record pertaining t
Published 02 Jan, 2019 12:00am
Additional gas supply to SNGPL approved by ECC

Additional gas supply to SNGPL approved by ECC

The Economic Coordination Committee (ECC) of the Cabinet has approved supply of up to 25MMcfd additional gas from Adhi Gas Field to Sui Northern Gas Pipelines Ltd (SNGPL) to meet the existing gas demand on the system. A meeting of the ECC presided over by
Published 02 Jan, 2019 12:00am
Additional gas supply to SNGPL approved by ECC

Additional gas supply to SNGPL approved by ECC

The Economic Coordination Committee (ECC) of the Cabinet has approved supply of up to 25MMcfd additional gas from Adhi Gas Field to Sui Northern Gas Pipelines Ltd (SNGPL) to meet the existing gas demand on the system. A meeting of the ECC presided over by
Published 02 Jan, 2019 12:00am
Additional gas supply to SNGPL approved by ECC

Additional gas supply to SNGPL approved by ECC

The Economic Coordination Committee (ECC) of the Cabinet has approved supply of up to 25MMcfd additional gas from Adhi Gas Field to Sui Northern Gas Pipelines Ltd (SNGPL) to meet the existing gas demand on the system. A meeting of the ECC presided over by
Published 02 Jan, 2019 12:00am
Mahar meets Imran

Mahar meets Imran

Pakistan Tehreek-e-Insaf (PTI) Member Sindh Assembly Ali Gohar Mahar called on Prime Minister Imran Khan at PM's Office here on Tuesday, according to a private TV channel. Prime Minister Imran Khan and PTI lawmaker discussed prevailing political situation
Published 02 Jan, 2019 12:00am
Mahar meets Imran

Mahar meets Imran

Pakistan Tehreek-e-Insaf (PTI) Member Sindh Assembly Ali Gohar Mahar called on Prime Minister Imran Khan at PM's Office here on Tuesday, according to a private TV channel. Prime Minister Imran Khan and PTI lawmaker discussed prevailing political situation
Published 02 Jan, 2019 12:00am
The Weather

The Weather

The weather report on Tuesday (January 01, 2019) and the forecast for Wednesday (January 02, 2019).

Published 02 Jan, 2019 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (January 01, 2019).

Published 02 Jan, 2019 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (January 01, 2019).

Published 02 Jan, 2019 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 02 Jan, 2019 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 02 Jan, 2019 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (January 01, 2019).

Published 02 Jan, 2019 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (January 01, 2019)

Published 02 Jan, 2019 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (January 01, 2019).

Published 02 Jan, 2019 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (January 01, 2019).

Published 02 Jan, 2019 12:00am
THE RUPEE: rates inert
Currency

THE RUPEE: rates inert

The rupee did not move any side against the dollar on the open market on Tuesday in the process of trading activity, dealers said. OPEN MARKET RATES: The rupee was unchanged in terms of the dollar for buying and selling a
Published 02 Jan, 2019 12:00am
THE RUPEE: rates inert
Currency

THE RUPEE: rates inert

The rupee did not move any side against the dollar on the open market on Tuesday in the process of trading activity, dealers said. OPEN MARKET RATES: The rupee was unchanged in terms of the dollar for buying and selling a
Published 02 Jan, 2019 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (January 01, 2019).

Published 02 Jan, 2019 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 02 Jan, 2019 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 02 Jan, 2019 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Pakistan Stock Exchange.

Published 02 Jan, 2019 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Pakistan Stock Exchange.

Published 02 Jan, 2019 12:00am