News Archives for Print - 2019-03-06

Leadership - 'Grace under pressure'

President John F. Kennedy (JFK) used to say that the phrase 'Grace under pressure' reminds him of a girl he once dated. When the Cuban missile crisis happened in 1962, I was a high school student in Sacramento, California. It was the worst military misadv

Published 06 Mar, 2019 12:00am

Agriculture: to do more with less

Pakistan is a low income developing country. Agriculture is the most important sector of the country meeting food and fibre requirements of the fast growing population. Although the rate of population increase has considerably slowed down from over 3 perc

Published 06 Mar, 2019 12:00am

Action against extremist outfits

There is good reason to believe that a decisive action against militant organisations of various hues is in the offing. At its last month's meeting, the National Security Committee had announced its resolve to "accelerate action against proscribed organis

Updated 09 Mar, 2019 10:11am

Hike in prices of POL products

In the monthly review, while the clock was ticking towards midnight on the last day of February, the federal government announced increases in the prices of all petroleum products up to Rs 4.75 per litre for the month of March, 2019 to pass on the impact

Updated 09 Mar, 2019 10:10am

Declarants of undisclosed assets: Business community seeks explicit protection: survey

The business community has suggested explicit protection to declarants of undisclosed assets and income in the law in the event that the government offers a new tax amnesty scheme. This was the outcome of an anecdotal survey carried out by Business Rec

Published 06 Mar, 2019 12:00am

Declarants of undisclosed assets: Business community seeks explicit protection: survey

The business community has suggested explicit protection to declarants of undisclosed assets and income in the law in the event that the government offers a new tax amnesty scheme. This was the outcome of an anecdotal survey carried out by Business Rec
Published 06 Mar, 2019 12:00am

NFIS prioritised for inclusive growth: Umar

The government is fully-committed to improving the livelihoods of Pakistanis through job creation, promoting entrepreneurship and enhancing access to formal financial services in an efficient and affordable manner, Finance Minister Asad Umar said at the 6
Published 06 Mar, 2019 12:00am

Three 'explosive devices' found in London

British counter terrorism officers are investigating three "small improvised explosive devices" believed capable of starting small fires that were found in separate locations in London on Tuesday.
Published 06 Mar, 2019 12:00am

US announces new visa policy for Pakistanis

With effective January 21, 2019, an additional fee will be charged for H (Temporary Work Visa), I (Journalist and Media Visa), L (Inter-company Transfer Visa), and R (Religious Worker Visa) visas only if the visa application is approved and must be paid a
Published 06 Mar, 2019 12:00am

Completion of Nai Gaj Dam: Federal, Sindh governments told to ensure release of funds

The Supreme Court on Tuesday directed the federal and Sindh governments and WAPDA to ensure release of funds for the completion of Nai Gaj Dam. Justice Gulzar Ahmed, heading a three-judge bench, said that the Sindh government has most probably forgotten 2
Published 06 Mar, 2019 12:00am

US to end preferential trade status for India, Turkey

Washington will scrap the preferential trade status of India and Turkey, the US trade chief''s office said, as President Donald Trump ramps up his battle against what his administration views as unfair foreign trade practices. Trump has made an overhaul o
Published 06 Mar, 2019 12:00am

US to end preferential trade status for India, Turkey

Washington will scrap the preferential trade status of India and Turkey, the US trade chief's office said, as President Donald Trump ramps up his battle against what his administration views as unfair foreign trade practices. Trump has made an overhaul of
Published 06 Mar, 2019 12:00am

False testimony: Prime Minister welcomes CJP's statement

Prime Minister Imran Khan has welcomed the Chief Justice Asif Saeed Khan Khosa's statement regarding punishing to those who give false testimony. In a tweet on Tuesday, Prime Minister said "Journey towards truth" is a journey towards Naya Pakistan. Prime
Published 06 Mar, 2019 12:00am

BoDs for Sarmaya-e-Pakistan Limited notified

Finance Division has notified Board of Directors (BoDs) of Sarmaya-e-Pakistan Limited (SPL) established for restructuring and privatisation of sate-owned enterprises (SOEs). According to the notification, members of the private sector on SPL board of dire
Published 06 Mar, 2019 12:00am

Airblue RPT licence to be extended to Abbasi for one year

The government is all set to extend Regular Public Transport (RPT) licence of M/s Airblue of former Prime Minister Shahid Khaqan Abbasi for one year, starting from November 20, 2018, well-informed sources told Business Recorder. Civil Aviation Auth
Published 06 Mar, 2019 12:00am

Businessmen display banners to mark solidarity with armed forces

The Karachi Wholesale Grocers Association (KWGA) is displaying banners and posters in Dandia Bazaar and nearby markets to express solidarity with Pakistan Army by for prompt response to the Indian aggression and successfully neutralising the enemies tacti
Published 06 Mar, 2019 12:00am

Niger busts fake medicines lab

Police in Niger said Tuesday they had closed down a lab in the capital Niamey making bogus drugs and fake beauty products for sale in local markets and neighbouring Nigeria.
Published 06 Mar, 2019 12:00am

Kartarpur corridor: Pakistani officials to visit India on March 14

A Pakistani delegation will visit New Delhi on March 14, and then host a reciprocal Indian visit in Islamabad, to discuss a draft agreement on a Sikh pilgrimage corridor, Pakistan said on Tuesday, indicating that bilateral tensions were easing.
Published 06 Mar, 2019 12:00am

Indian submarine stopped from entering Pakistani waters

Pakistan Navy (PN) successfully thwarted an attempt by an Indian submarine to enter Pakistan's territorial waters; however, Indian submarine was not targeted under Pakistan's 'peace policy'. The Navy spokesperson on Tuesday said that Pakistan Navy detecte
Published 06 Mar, 2019 12:00am

J-e-M chief's son, brother among 44 detained

Minister of State for Interior Shehryar Afridi Tuesday said that 44 members of proscribed organisations, including Jaish-e-Mohammad (JeM) leader Maulana Masood Azhar's brother Mufti Abdul Rauf and Hammad Azhar, who is believed to be Masood's son, have bee
Published 06 Mar, 2019 12:00am

Pakistan, India resume barter trade

India and Pakistan resumed barter trade at a border crossing in Kashmir on Tuesday, an Indian official said, but tension in the contested region continued with a general strike and more fighting between Indian security forces and freedom fighters. Trade a
Published 06 Mar, 2019 12:00am

Chohan removed over anti-Hindu remarks

The Punjab Information and Culture Minister Fayy-azul Hassan Chohan has resigned from his ministry amid criticism over his remarks against the Hindu community. Dr Shahbaz Gill, the Punjab chief minister's spokesperson confirmed that Chohan tendered his re
Published 06 Mar, 2019 12:00am

BRIndex100 retreats

Pakistan Stock Exchange Tuesday closed on a negative note due to selling in various sectors.
Published 06 Mar, 2019 12:00am

ECC told: LNG terminal at PQA costing government over $0.5 million per day

A meeting of the Economic Coordination Committee (ECC) of the Cabinet has been informed that existing LNG terminal at Port Qasim Authority (PQA), contracted on take-or-leave basis, is costing more than $ 0.5 million per day to the government, which places
Published 06 Mar, 2019 12:00am

Trade officers: PM approves 20 percent quota for expats

Prime Minister Imran Khan has approved reservation of 20 percent quota for overseas Pakistanis for the posts of trade officers in Pakistan''s missions abroad. The decision was taken on Tuesday during a meeting chaired by the Prime Minister regarding refor
Published 06 Mar, 2019 12:00am

Trade officers: PM approves 20 percent quota for expats

Prime Minister Imran Khan has approved reservation of 20 percent quota for overseas Pakistanis for the posts of trade officers in Pakistan's missions abroad. The decision was taken on Tuesday during a meeting chaired by the Prime Minister regarding reform
Published 06 Mar, 2019 12:00am

The Weather

The weather report on Tuesday (March 05, 2019) and the forecast for Wednesday (March 06, 2019).

Published 06 Mar, 2019 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (March 05, 2019).

Updated 06 Mar, 2019 07:58am

LME official prices

The following were Monday official prices.

Updated 06 Mar, 2019 08:00am

LME official prices

The following were Monday official prices.

Published 06 Mar, 2019 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (March 05, 2019).

Updated 06 Mar, 2019 08:31am

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (March 05, 2019)

Published 06 Mar, 2019 12:00am

Lahore Paper Market Rates

Paper market rates in rupees on Tuesday (March 05, 2019).

Updated 06 Mar, 2019 08:23am

Cotton
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Tuesday (March 05, 2019).

Updated 06 Mar, 2019 09:13am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (March 05, 2019).

Published 06 Mar, 2019 12:00am

Dollar's rate in interbank market

Interbank closing rates for dollar on Tuesday (March 05, 2019).

Updated 06 Mar, 2019 08:43am

Kerb
Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Tuesday (March 05, 2019).

Published 06 Mar, 2019 12:00am

Currency
THE RUPEE: Divergent trend

A divergent trend was witnessed on the money market Tuesday as the rupee moved both sides against the dollar in the process of trading activity, dealers said.
Published 06 Mar, 2019 12:00am

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (March 05, 2019).

Published 06 Mar, 2019 12:00am

Cross Transactions between Client to Client & Financial Institutions

The following were the cross transactions between client to client & financial institutions here on Tuesday (March 05, 2019).

Published 06 Mar, 2019 12:00am

Member to Member

The following transactions member to member subsequently reported on Tuesday (March 05, 2019).

Published 06 Mar, 2019 12:00am

Mutual Funds
Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Tuesday (March 05, 2019)

Published 06 Mar, 2019 12:00am

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

National Clearing Company declares daily settlement information for local & foreign investors on Tuesday (March 05, 2019).

Published 06 Mar, 2019 12:00am

BRIndex100 and BR Sectoral Indices

BRIndex100 and BR Sectoral Indices on Tuesday (March 05, 2019).

Updated 06 Mar, 2019 09:17am

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 06 Mar, 2019 12:00am

Last date of renunciation/payment

Last dates of renunciation/payment.

Published 06 Mar, 2019 12:00am

Proposed right issues

Right issues proposed by companies listed on Pakistan Stock Exchange.

Published 06 Mar, 2019 12:00am

Clearing Schedule for T+2 System

Pakistan Stock Exchange's Clearing Schedule for T+2 System.

Published 06 Mar, 2019 12:00am

Dates of Closure of Books & Annual General Meetings

Dates of Closure of Books and holding of Ordinary and Extra-Ordinary General Meetings of companies listed on the stock exchanges.

Published 06 Mar, 2019 12:00am

EFU TAKAFUL AGGRESSIVE FUND RATES

EFU Takaful Aggressive Fund Rates on Tuesday (March 05, 2019).

Updated 06 Mar, 2019 09:20am

EFU TAKAFUL AGGRESSIVE FUND RATES

EFU Takaful Aggressive Fund Rates on Tuesday (March 05, 2019).

Published 06 Mar, 2019 12:00am

EFU TAKAFUL GROWTH FUND RATES

EFU Takaful Growth Fund Rates on Tuesday (March 05, 2019).

Published 06 Mar, 2019 12:00am

EFU AGGRESSIVE FUND RATES

EFU Aggressive Fund Rates on Tuesday (March 05, 2019).

Published 06 Mar, 2019 12:00am

EFU GUARANTEED GROWTH FUND RATES

EFU Guaranteed Growth Fund Rates on Tuesday (March 05, 2019).

Published 06 Mar, 2019 12:00am

EFU Aitemad Growth Fund Rates

EFU Aitemad Growth Fund Rates on Tuesday (March 05, 2019).

Published 06 Mar, 2019 12:00am

EFU Capital Growth Fund Rates

EFU Capital Growth Fund Rates on Tuesday (March 05, 2019).

Published 06 Mar, 2019 12:00am

EFU Pension Growth Fund Rates

EFU Pension Growth Fund Rates on Tuesday (March 05, 2019).

Published 06 Mar, 2019 12:00am

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates on Tuesday (March 05, 2019).

Published 06 Mar, 2019 12:00am

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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