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Print - 2019-01-09
ICC approves USA reinstatement as 105th member

ICC approves USA reinstatement as 105th member

The International Cricket Council approved USA Cricket as its 105th member on Tuesday, restoring the sport in the United States after the expulsion of a previous national governing body. The move making USA Cricket the ICC's 93rd associate member allows t
Published 09 Jan, 2019 12:00am
Armed men harass me and family, claims Zubair

Armed men harass me and family, claims Zubair

Former Sindh governor Muhammad Zubair Umar has said that armed men tried to stop him while he was driving his vehicle, Aaj News reported late Tuesday night. Accompanied by his wife, Muhammad Zubair, a PML-N leader who served as Sindh governor, was driving
Published 09 Jan, 2019 12:00am
Armed men harass me and family, claims Zubair

Armed men harass me and family, claims Zubair

Former Sindh governor Muhammad Zubair Umar has said that armed men tried to stop him while he was driving his vehicle, Aaj News reported late Tuesday night. Accompanied by his wife, Muhammad Zubair, a PML-N leader who served as Sindh governor, was driving
Published 09 Jan, 2019 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Pakistan Stock Exchange.

Published 09 Jan, 2019 12:00am
Commanders review geo-strategic environment

Commanders review geo-strategic environment

The Corps Commanders Conference Tuesday discussed the internal security of the country and geo-strategic environment. According to the Inter-Services Public Relations (ISPR), Chief of the Army Staff General Qamar Javed Bajwa presided over the 217th Corps
Published 09 Jan, 2019 12:00am
Commanders review geo-strategic environment

Commanders review geo-strategic environment

The Corps Commanders Conference Tuesday discussed the internal security of the country and geo-strategic environment. According to the Inter-Services Public Relations (ISPR), Chief of the Army Staff General Qamar Javed Bajwa presided over the 217th Corps
Published 09 Jan, 2019 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 09 Jan, 2019 12:00am
Banks' deposits post 10-year low growth

Banks' deposits post 10-year low growth

Pakistan banking sector deposits posted a decade low growth during 2018. According to Topline, for the first time since 2008 the banking sector has recorded single digit deposit growth. Banks' deposits grew by 8 percent to reach Rs13.354 trillion during 2
Published 09 Jan, 2019 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 09 Jan, 2019 12:00am
Banks' deposits post 10-year low growth

Banks' deposits post 10-year low growth

Pakistan banking sector deposits posted a decade low growth during 2018. According to Topline, for the first time since 2008 the banking sector has recorded single digit deposit growth. Banks' deposits grew by 8 percent to reach Rs13.354 trillion during 2
Published 09 Jan, 2019 12:00am
Banks'' deposits post 10-year low growth

Banks'' deposits post 10-year low growth

Pakistan banking sector deposits posted a decade low growth during 2018. According to Topline, for the first time since 2008 the banking sector has recorded single digit deposit growth. Banks'' deposits grew by 8 percent to reach Rs13.354 trillion during
Published 09 Jan, 2019 12:00am
FBR unveils 'profit on debt' statement for banks
Currency

FBR unveils 'profit on debt' statement for banks

The Federal Board of Revenue (FBR) has prescribed statement for banks for submitting information of persons receiving profit on debt exceeding Rs 1 million for filers and Rs 500,000 for non-filers and tax deductions thereon during the financial year. The
Published 09 Jan, 2019 12:00am
FBR unveils 'profit on debt' statement for banks
Currency

FBR unveils 'profit on debt' statement for banks

The Federal Board of Revenue (FBR) has prescribed statement for banks for submitting information of persons receiving profit on debt exceeding Rs 1 million for filers and Rs 500,000 for non-filers and tax deductions thereon during the financial year. The
Published 09 Jan, 2019 12:00am
FBR unveils ''profit on debt'' statement for banks
Currency

FBR unveils ''profit on debt'' statement for banks

The Federal Board of Revenue (FBR) has prescribed statement for banks for submitting information of persons receiving profit on debt exceeding Rs 1 million for filers and Rs 500,000 for non-filers and tax deductions thereon during the financial year. The
Published 09 Jan, 2019 12:00am
Written-off loans: SC decides to form special bench

Written-off loans: SC decides to form special bench

The Supreme Court on Tuesday decided to constitute a special bench for examining the cases of those borrowers who had got their loans written-off but don't want to avail the option number 1 offered by the apex court. In August this year, the bench had giv
Published 09 Jan, 2019 12:00am
Written-off loans: SC decides to form special bench

Written-off loans: SC decides to form special bench

The Supreme Court on Tuesday decided to constitute a special bench for examining the cases of those borrowers who had got their loans written-off but don't want to avail the option number 1 offered by the apex court. In August this year, the bench had giv
Published 09 Jan, 2019 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (January 08, 2019).

Published 09 Jan, 2019 12:00am
CBD to take control of Abraaj assets secured against loan

CBD to take control of Abraaj assets secured against loan

Commercial Bank of Dubai (CBD), which lent around $170 million to Abraaj, will take stakes in the troubled private equity firm's funds which were offered as security against the debt, three sources familiar with the matter said. Dubai-based Abraaj, worth
Published 09 Jan, 2019 12:00am
CBD to take control of Abraaj assets secured against loan

CBD to take control of Abraaj assets secured against loan

Commercial Bank of Dubai (CBD), which lent around $170 million to Abraaj, will take stakes in the troubled private equity firm's funds which were offered as security against the debt, three sources familiar with the matter said. Dubai-based Abraaj, worth
Published 09 Jan, 2019 12:00am
CBD to take control of Abraaj assets secured against loan

CBD to take control of Abraaj assets secured against loan

Commercial Bank of Dubai (CBD), which lent around $170 million to Abraaj, will take stakes in the troubled private equity firm''s funds which were offered as security against the debt, three sources familiar with the matter said. Dubai-based Abraaj, worth
Published 09 Jan, 2019 12:00am
Industrial policy on Malaysian model nearing completion

Industrial policy on Malaysian model nearing completion

Ministry of Industries and Production (MoI&P) is giving final touches to the long-awaited Industrial Policy on Malaysian model, to be submitted to the federal cabinet for approval during the current month. This was stated by Prime Minister's Advisor on Co
Published 09 Jan, 2019 12:00am
Industrial policy on Malaysian model nearing completion

Industrial policy on Malaysian model nearing completion

Ministry of Industries and Production (MoI&P) is giving final touches to the long-awaited Industrial Policy on Malaysian model, to be submitted to the federal cabinet for approval during the current month. This was stated by Prime Minister's Advisor on Co
Published 09 Jan, 2019 12:00am
THE RUPEE: modest gains
Currency

THE RUPEE: modest gains

The rupee managed to gain modestly against the dollar on the money market on Tuesday in the process of trading, dealers said. The rupee inched up versus the dollar for buying and selling at Rs 138.88 and Rs 138.90 respectively, they said.
Published 09 Jan, 2019 12:00am
Industrial policy on Malaysian model nearing completion

Industrial policy on Malaysian model nearing completion

Ministry of Industries and Production (MoI&P) is giving final touches to the long-awaited Industrial Policy on Malaysian model, to be submitted to the federal cabinet for approval during the current month. This was stated by Prime Minister''s Advisor on C
Published 09 Jan, 2019 12:00am
THE RUPEE: modest gains
Currency

THE RUPEE: modest gains

The rupee managed to gain modestly against the dollar on the money market on Tuesday in the process of trading, dealers said. The rupee inched up versus the dollar for buying and selling at Rs 138.88 and Rs 138.90 respectively, they said.
Published 09 Jan, 2019 12:00am
Lawful action threatened: SECP tells FIA to 'comply with' four measures

Lawful action threatened: SECP tells FIA to 'comply with' four measures

Securities and Exchange Policy Board (Policy Board) Chairman Khalid Mirza Tuesday asked the Federal Investigation Agency (FIA) to 'comply with' four measures; otherwise, Securities and Exchange Commission of Pakistan (SECP) would be forced to take lawful
Published 09 Jan, 2019 12:00am
Lawful action threatened: SECP tells FIA to 'comply with' four measures

Lawful action threatened: SECP tells FIA to 'comply with' four measures

Securities and Exchange Policy Board (Policy Board) Chairman Khalid Mirza Tuesday asked the Federal Investigation Agency (FIA) to 'comply with' four measures; otherwise, Securities and Exchange Commission of Pakistan (SECP) would be forced to take lawful
Published 09 Jan, 2019 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (January 08, 2019).

Published 09 Jan, 2019 12:00am
BRIndex100 extends gains

BRIndex100 extends gains

A bullish trend continued on Pakistan Stock Exchange on the back of healthy buying in various sectors. BRIndex100 gained 64.1 points or 1.58 percent to close at 4,108.33 points on Tuesday. BRIndex100 touched intraday high of 4,123.85 and intraday low of 4
Published 09 Jan, 2019 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (January 08, 2019).

Published 09 Jan, 2019 12:00am
BRIndex100 extends gains

BRIndex100 extends gains

A bullish trend continued on Pakistan Stock Exchange on the back of healthy buying in various sectors. BRIndex100 gained 64.1 points or 1.58 percent to close at 4,108.33 points on Tuesday. BRIndex100 touched intraday high of 4,123.85 and intraday low of 4
Published 09 Jan, 2019 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Tuesday (January 08, 2019).

Published 09 Jan, 2019 12:00am
BRIndex100 extends gains

BRIndex100 extends gains

A bullish trend continued on Pakistan Stock Exchange on the back of healthy buying in various sectors. BRIndex100 gained 64.1 points or 1.58 percent to close at 4,108.33 points on Tuesday. BRIndex100 touched intraday high of 4,123.85 and intraday low of 4
Published 09 Jan, 2019 12:00am
ECC takes stock of cotton situation, mulls over PSM
Cotton

ECC takes stock of cotton situation, mulls over PSM

The Economic Coordination Committee (ECC) of the Cabinet has sought revenue and trade impact of withdrawal of customs duty, additional customs duty and sales tax on imported cotton, while operationalisation of Pakistan Steel Mills (PSM) may face further d
Published 09 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 08, 2019)

Published 09 Jan, 2019 12:00am
ECC takes stock of cotton situation, mulls over PSM
Cotton

ECC takes stock of cotton situation, mulls over PSM

The Economic Coordination Committee (ECC) of the Cabinet has sought revenue and trade impact of withdrawal of customs duty, additional customs duty and sales tax on imported cotton, while operationalisation of Pakistan Steel Mills (PSM) may face further d
Published 09 Jan, 2019 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (January 08, 2019).

Published 09 Jan, 2019 12:00am
ECC takes stock of cotton situation, mulls over PSM
Cotton

ECC takes stock of cotton situation, mulls over PSM

The Economic Coordination Committee (ECC) of the Cabinet has sought revenue and trade impact of withdrawal of customs duty, additional customs duty and sales tax on imported cotton, while operationalisation of Pakistan Steel Mills (PSM) may face further d
Published 09 Jan, 2019 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 09 Jan, 2019 12:00am
'PTI government failed to provide relief to masses'

'PTI government failed to provide relief to masses'

Pakistan Peoples Party (PPP), Senator Khanzada Khan has said that the Pakistan Tehreek-e-Insaf (PTI) government has failed to provide relief to the masses and control the sky-rocketing price hike in the country. He said this while talking to media persons
Published 09 Jan, 2019 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 09 Jan, 2019 12:00am
Maryam meets Nawaz

Maryam meets Nawaz

Pakistan Muslim League-Nawaz (PML-N) leader Maryam Nawaz accompanied by her son met former prime minister Nawaz Sharif at the Kot Lakhpat jail here on Tuesday. Sources claimed that Maryam brought some medicines for her father who is facing some health iss
Published 09 Jan, 2019 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (January 08, 2019).

Published 09 Jan, 2019 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (January 08, 2019).

Published 09 Jan, 2019 12:00am
PFVA furnishes plan for boosting horticultural export

PFVA furnishes plan for boosting horticultural export

All Pakistan Fruit & Vegetable Exporters, Importers and Merchants Association (PFVA) has presented recommendations to the Federal Minister for National Food Security & Research (NFSR) for increase in exports and production of fruits and vegetables. PFVA's
Published 09 Jan, 2019 12:00am
'Auto industry badly hit by rupee devaluation'

'Auto industry badly hit by rupee devaluation'

The ex-president Hyderabad Chamber of Commerce and Industry Muhammad Amin Khatri has said that the devaluation of rupee has led to deterioration of auto industry.
Published 09 Jan, 2019 12:00am
Appointment of adviser to FPCCI President slated

Appointment of adviser to FPCCI President slated

The Businessmen Panel (BMP) on Tuesday claimed that powers of the President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) have been snatched in the annual general meeting (AGM), which is condemnable. Spokesperson for the BMP, Ahmad Jawa
Published 09 Jan, 2019 12:00am
New envoy to US takes charge today

New envoy to US takes charge today

Pakistan's new ambassador-designate to the United States, Dr Asad Majid, will take charge of the office on Wednesday. Dr Majeed is a career diplomat and was serving as Pakistan's ambassador to Tokyo. He replaced Ali Jehangir Siddiqui who was nominated by
Published 09 Jan, 2019 12:00am
Legal hitches delay setting up of PAA

Legal hitches delay setting up of PAA

The establishment of Poverty Alleviation Authority has been delayed and the government has yet to finalise a strategy to bring all public social welfare organisations under one umbrella that have been working in the centre and provinces under different se
Published 09 Jan, 2019 12:00am
GDA demands Murad's resignation

GDA demands Murad's resignation

The Grand Democratic Alliance (GDA) on Tuesday demanded the resignation of Sindh Chief Minister Murad Ali Shah and expressed resolve to play an active role of opposition in Sindh. Addressing a joint press conference along with Syed Sadruddin Shah Rashidi,
Published 09 Jan, 2019 12:00am
Suspension of sentence: Nawaz approaches IHC again for early hearing

Suspension of sentence: Nawaz approaches IHC again for early hearing

Former Prime Minister Nawaz Sharif, once again, approached Islamabad High Court (IHC) on Tuesday and submitted an application for early hearing of his appeal against his conviction in Al-Azizia corruption reference. A division bench comprising Justice Aam
Published 09 Jan, 2019 12:00am
MQM-P warns Sattar against using party's name, flag & symbol

MQM-P warns Sattar against using party's name, flag & symbol

Muttahida Qaumi Movement-Pakistan (MQM-P) has warned Dr Farooq Sattar, its former convener against using the name, flag and symbol of the party and announced to adopt a legal course against him if he doesn't desist from doing it again. MQM-P convener Dr K
Published 09 Jan, 2019 12:00am
Polio eradication plan depends upon foreign loans, grants

Polio eradication plan depends upon foreign loans, grants

Pakistan government will rely on foreign financing for the $986 million project titled Emergency Plan for Polio Eradication (2nd revision). The project, recently recommended to ECNEC for approval by the Planning Commission depends on foreign financing, wh
Published 09 Jan, 2019 12:00am
Arid saline lands: use of halophytes as unusual crops urged

Arid saline lands: use of halophytes as unusual crops urged

The utilization of halophytes as unconventional crops for arid saline lands holds immense potential to ensure food security in future, Prof Xiaojing Liu of Chinese Academy of Sciences expressed while speaking at the second day of the three-day long intern
Published 09 Jan, 2019 12:00am
FPCCI Investment Conference to be held in Balochistan

FPCCI Investment Conference to be held in Balochistan

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) will hold an Investment Conference in Balochistan with the support of the provincial government. FPCCI president Engr Daroo Khan Achakzai called on Balochistan Chief Minister Jam Kamal Khan
Published 09 Jan, 2019 12:00am
SHC CJ takes notice of Thatta girl's killing

SHC CJ takes notice of Thatta girl's killing

Chief Justice (CJ) Sindh High Court (SHC) on Tuesday took a notice of murder of 14-year-old girl in Thatta District and sought the report in this regard. According to an announcement of the SHC, a news report flashed in electronic and print media about th
Published 09 Jan, 2019 12:00am
Zong completes over 1600 4G sites successfully in few months

Zong completes over 1600 4G sites successfully in few months

By carrying the fastest site rollout in 2018, Pakistan's No.1 Data Network has successfully completed more than 1600 4G sites in frame of few months to strength its network for addressing the evolving demands of the new age customers. More than USD 3 bill
Published 09 Jan, 2019 12:00am
Centre ready to arrange buses for Green Line project: Ismail

Centre ready to arrange buses for Green Line project: Ismail

Sindh Governor Imran Ismail has expressed willingness on behalf of the federal government to provide a fleet of required buses for the Green Line Project to prevent further delay in complete operations of this important project of public interest. "Sindh
Published 09 Jan, 2019 12:00am
Gas supply to CNG outlets suspended till Thursday

Gas supply to CNG outlets suspended till Thursday

The Sui Southern Gas Company (SSGC) Tuesday announced to suspend gas supply to Compressed Natural Gas (CNG) stations till Thursday across the Sindh province after it received reduced supply due to low gas pressure in the system.
Published 09 Jan, 2019 12:00am
Speech Language Pathology CSLHS introduces MS programme

Speech Language Pathology CSLHS introduces MS programme

A commencement day of College of Speech Language and Hearing Sciences was held here on Tuesday at Ziauddin University. While speaking at the event, Vice Chancellor Pirzada Qasim said College of Speech Language and Hearing Sciences (CSLHS) is the first col
Published 09 Jan, 2019 12:00am
Telenor Microfinance Bank launches remittance service

Telenor Microfinance Bank launches remittance service

Telenor Microfinance Bank, in partnership with Valyou of Malaysia has introduced Pakistan's first blockchain-based cross-border remittance service, powered by industry-leading block-chain technology developed by Alipay, the online payment platform operate
Published 09 Jan, 2019 12:00am
Ogra seeks gas conservation plan from SSGC, SNGP

Ogra seeks gas conservation plan from SSGC, SNGP

The Oil and Gas Regulatory Authority (Ogra) has sought explanation from gas companies - Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL) - regarding steps being taken to sensitise consumers on gas conservation during
Published 09 Jan, 2019 12:00am
LTUs of Karachi directed to offset revenue shortfall

LTUs of Karachi directed to offset revenue shortfall

Chairman Federal Board of Revenue (FBR) Mohammad Jehanzeb Khan has directed chief commissioners of Large Taxpayer Units (LTUs) of Karachi to maximise revenue collection during January 2019 to reduce the revenue shortfall of over Rs 170 billion during the
Published 09 Jan, 2019 12:00am
Special body rejects FBR's briefing on tobacco sector

Special body rejects FBR's briefing on tobacco sector

The Special Committee has rejected the briefing of Federal Board of Revenue (FBR) on a matter pertaining to decline of Rs 60 billion revenue from tobacco sector, as the committee expressed total dissatisfaction over explanation given by the tax authoritie
Published 09 Jan, 2019 12:00am
Martyrs package distributed among heirs in Khyber district

Martyrs package distributed among heirs in Khyber district

Forty three families of civilians and security agencies official who embraced Shahadat for the sake of their motherland received martyrs package in Khyber district. In this connection a ceremony held in Melward forces cantonment of Bara sub-division on Tu
Published 09 Jan, 2019 12:00am
WHO official meets foreign minister

WHO official meets foreign minister

Director General WHO Dr Tedros Adhanom Ghebreyesus called on the foreign minister. He was accompanied by WHO regional director for the Eastern Mediterranean Region Dr Ahmed Al-Mandhari and President of the Bill and Melinda Gates Foundation's Global Develo
Published 09 Jan, 2019 12:00am
Prime Minister makes surprise visit to hospitals

Prime Minister makes surprise visit to hospitals

Prime Minister Imran Khan Monday made surprise visits to District Headquarter (DHQ) and Holy Family hospitals here to examine the arrangements and facilities for the patients. Federal Health Minister Amir Kiani was accompanying the prime minister who also
Published 09 Jan, 2019 12:00am
Minister vows to increase health budget

Minister vows to increase health budget

Federal Minister for Planning, Development & Reform & Statistics Division, Makhdoom Khusro Bakhtiar has said that the government intends to continue enhancing health budget to achieve universal health coverage which is manifestation of its commitment to p
Published 09 Jan, 2019 12:00am
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