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Print - 2019-03-15
Trump says second Brexit referendum should be ruled out

Trump says second Brexit referendum should be ruled out

US President Donald Trump said Thursday that a new Brexit referendum - touted as a solution by many in Britain who believe the first attempt led to today's political chaos - would be "unfair." "I don't think another vote would be possible because it would
Published 15 Mar, 2019 12:00am
IAF sends Abhinandan on leave

IAF sends Abhinandan on leave

Indian Air Force (IAF) pilot Abhinandan Varthaman, who was released by Pakistan in a gesture aimed to de-escalate the conflict after his MIG-21 was shot down over Azad Kashmir by PAF during a dogfight, has been sent on leave on Thursday. According to Indi
Published 15 Mar, 2019 12:00am
WB says US official lone candidate for presidency

WB says US official lone candidate for presidency

The World Bank confirmed Thursday that senior US Treasury official David Malpass was the lone candidate nominated to take over the helm of the development aid institution.
Published 15 Mar, 2019 12:00am
WB says US official lone candidate for presidency

WB says US official lone candidate for presidency

The World Bank confirmed Thursday that senior US Treasury official David Malpass was the lone candidate nominated to take over the helm of the development aid institution.
Published 15 Mar, 2019 12:00am
WB says US official lone candidate for presidency

WB says US official lone candidate for presidency

The World Bank confirmed Thursday that senior US Treasury official David Malpass was the lone candidate nominated to take over the helm of the development aid institution.
Published 15 Mar, 2019 12:00am
Spectre of stagflation looms large
Cotton

Spectre of stagflation looms large

The recent escalation between India and Pakistan has proved to be a boon for Pakistan's international image and standing. Pakistan is rightly not gloating on this success; in a highly matured response not only has Pakistan wasted no time in releasing the
Published 15 Mar, 2019 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Pakistan Stock Exchange.

Published 15 Mar, 2019 12:00am
Spectre of stagflation looms large
Cotton

Spectre of stagflation looms large

The recent escalation between India and Pakistan has proved to be a boon for Pakistan's international image and standing. Pakistan is rightly not gloating on this success; in a highly matured response not only has Pakistan wasted no time in releasing the
Published 15 Mar, 2019 12:00am
Pakistan, India resolve to make Kartarpur Corridor operational

Pakistan, India resolve to make Kartarpur Corridor operational

Pakistan and India agreed on Thursday resolved to expedite work on making Kartarpur Corridor functional. The Foreign Office spokesperson Dr Mohammad Faisal disclosed this while talking to reporters at Wagha border upon his return from talks at Attari, Ind
Published 15 Mar, 2019 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 15 Mar, 2019 12:00am
Pakistan, India resolve to make Kartarpur Corridor operational

Pakistan, India resolve to make Kartarpur Corridor operational

Pakistan and India agreed on Thursday resolved to expedite work on making Kartarpur Corridor functional. The Foreign Office spokesperson Dr Mohammad Faisal disclosed this while talking to reporters at Wagha border upon his return from talks at Attari, Ind
Published 15 Mar, 2019 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Pakistan Stock Exchange.

Published 15 Mar, 2019 12:00am
Military caps 'discouraged': Sports beyond politics: DG ISPR

Military caps 'discouraged': Sports beyond politics: DG ISPR

The spokesperson for Pakistan Army has apparently 'discouraged' wearing the military caps during the final of the fourth edition of Pakistan Super League (PSL). Director General of Inter-Services Public Relations (ISPR) Major General Asif Ghafoor took to
Published 15 Mar, 2019 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 15 Mar, 2019 12:00am
Military caps 'discouraged': Sports beyond politics: DG ISPR

Military caps 'discouraged': Sports beyond politics: DG ISPR

The spokesperson for Pakistan Army has apparently 'discouraged' wearing the military caps during the final of the fourth edition of Pakistan Super League (PSL). Director General of Inter-Services Public Relations (ISPR) Major General Asif Ghafoor took to
Published 15 Mar, 2019 12:00am
Benami Act has overnight effect on other laws

Benami Act has overnight effect on other laws

Benami Transactions (Prohibition) Act 2017 has overnight effect on other laws, including Banking Companies Ordinance, for seeking information of benami banking transactions from banks. This was stated by Dr Hamid Ateeq Sarwar, FBR Member Inland Revenue Po
Published 15 Mar, 2019 12:00am
Benami Act has overnight effect on other laws

Benami Act has overnight effect on other laws

Benami Transactions (Prohibition) Act 2017 has overnight effect on other laws, including Banking Companies Ordinance, for seeking information of benami banking transactions from banks. This was stated by Dr Hamid Ateeq Sarwar, FBR Member Inland Revenue Po
Published 15 Mar, 2019 12:00am
Benami Act has overnight effect on other laws

Benami Act has overnight effect on other laws

Benami Transactions (Prohibition) Act 2017 has overnight effect on other laws, including Banking Companies Ordinance, for seeking information of benami banking transactions from banks. This was stated by Dr Hamid Ateeq Sarwar, FBR Member Inland Revenue Po
Published 15 Mar, 2019 12:00am
FBR investigating 400 major foreign bank accounts cases

FBR investigating 400 major foreign bank accounts cases

The Federal Board of Revenue (FBR) is investigating 400 major foreign bank accounts cases, each having an amount of US $1 million or above, purportedly owned by Pakistani nationals abroad. This has been stated by Chief International Taxes FBR Muhammad Ash
Published 15 Mar, 2019 12:00am
FBR investigating 400 major foreign bank accounts cases

FBR investigating 400 major foreign bank accounts cases

The Federal Board of Revenue (FBR) is investigating 400 major foreign bank accounts cases, each having an amount of US $1 million or above, purportedly owned by Pakistani nationals abroad. This has been stated by Chief International Taxes FBR Muhammad Ash
Published 15 Mar, 2019 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (March 14, 2019).

Published 15 Mar, 2019 12:00am
FBR investigating 400 major foreign bank accounts cases

FBR investigating 400 major foreign bank accounts cases

The Federal Board of Revenue (FBR) is investigating 400 major foreign bank accounts cases, each having an amount of US $1 million or above, purportedly owned by Pakistani nationals abroad. This has been stated by Chief International Taxes FBR Muhammad Ash
Published 15 Mar, 2019 12:00am
Afghan airstrikes kill 31 militants: officials

Afghan airstrikes kill 31 militants: officials

Thirty-one militants, many of them believed to have been Al-Qaeda fighters, have been killed in airstrikes in south-eastern Afghanistan, officials said Thursday. The strikes were carried out in Ghazni province late Wednesday, where the defence ministry sa
Published 15 Mar, 2019 12:00am
Afghan airstrikes kill 31 militants: officials

Afghan airstrikes kill 31 militants: officials

Thirty-one militants, many of them believed to have been Al-Qaeda fighters, have been killed in airstrikes in south-eastern Afghanistan, officials said Thursday. The strikes were carried out in Ghazni province late Wednesday, where the defence ministry sa
Published 15 Mar, 2019 12:00am
China's industrial output slows, unemployment rises

China's industrial output slows, unemployment rises

China's industrial output slowed during the first two months of the year as unemployment rose, official data showed Thursday, while some indicators showed a slowdown in the world's second largest economy stabilising. The figures from the National Bureau o
Published 15 Mar, 2019 12:00am
China's industrial output slows, unemployment rises

China's industrial output slows, unemployment rises

China's industrial output slowed during the first two months of the year as unemployment rose, official data showed Thursday, while some indicators showed a slowdown in the world's second largest economy stabilising. The figures from the National Bureau o
Published 15 Mar, 2019 12:00am
THE RUPEE: dollar gains
Currency

THE RUPEE: dollar gains

The rupee gave up its present firmness against the dollar on the money market on Thursday in the process of trading activity, dealers said. Strong demand for dollars dragged the rupee down and it looks that the national currency may depict mixed trend in
Published 15 Mar, 2019 12:00am
China''s industrial output slows, unemployment rises

China''s industrial output slows, unemployment rises

China''s industrial output slowed during the first two months of the year as unemployment rose, official data showed Thursday, while some indicators showed a slowdown in the world''s second largest economy stabilising. The figures from the National Bureau
Published 15 Mar, 2019 12:00am
THE RUPEE: dollar gains
Currency

THE RUPEE: dollar gains

The rupee gave up its present firmness against the dollar on the money market on Thursday in the process of trading activity, dealers said. Strong demand for dollars dragged the rupee down and it looks that the national currency may depict mixed trend in
Published 15 Mar, 2019 12:00am
EU-US trade spat heats up over stalled talks

EU-US trade spat heats up over stalled talks

The European Parliament on Thursday failed to back trade talks between the EU and the US as President Donald Trump warned of severe consequences if Europe failed to deliver. Pursuing a limited trade deal was the central part of a truce agreed in July when
Published 15 Mar, 2019 12:00am
EU-US trade spat heats up over stalled talks

EU-US trade spat heats up over stalled talks

The European Parliament on Thursday failed to back trade talks between the EU and the US as President Donald Trump warned of severe consequences if Europe failed to deliver. Pursuing a limited trade deal was the central part of a truce agreed in July when
Published 15 Mar, 2019 12:00am
EU-US trade spat heats up over stalled talks

EU-US trade spat heats up over stalled talks

The European Parliament on Thursday failed to back trade talks between the EU and the US as President Donald Trump warned of severe consequences if Europe failed to deliver. Pursuing a limited trade deal was the central part of a truce agreed in July when
Published 15 Mar, 2019 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (March 14, 2019).

Published 15 Mar, 2019 12:00am
Khwaja brothers' bail plea adjourned till April 1

Khwaja brothers' bail plea adjourned till April 1

A division bench of the Lahore High Court on Thursday adjourned to April 01 the proceedings of bail petitions of former railways minister Khwaja Saad Rafiq and his Khwaja Salman Rafiq in Paragon City case for further arguments as their counsel sought time
Published 15 Mar, 2019 12:00am
NA sub-committee told: Next budget under PSDP likely to remain same

NA sub-committee told: Next budget under PSDP likely to remain same

National Assembly Standing Committee on Planning, Development and Reform was told that next development budget 2019-20 under Public Sector Development Programme (PSDP) is likely to remain roundabout same in size as compared to the current development budg
Published 15 Mar, 2019 12:00am
NA sub-committee told: Next budget under PSDP likely to remain same

NA sub-committee told: Next budget under PSDP likely to remain same

National Assembly Standing Committee on Planning, Development and Reform was told that next development budget 2019-20 under Public Sector Development Programme (PSDP) is likely to remain roundabout same in size as compared to the current development budg
Published 15 Mar, 2019 12:00am
NA sub-committee told: Next budget under PSDP likely to remain same

NA sub-committee told: Next budget under PSDP likely to remain same

National Assembly Standing Committee on Planning, Development and Reform was told that next development budget 2019-20 under Public Sector Development Programme (PSDP) is likely to remain roundabout same in size as compared to the current development budg
Published 15 Mar, 2019 12:00am
Enforcement of Benami Law

Enforcement of Benami Law

There has always been a great deal of resentment against benami transactions in the country for a variety of reasons. In a landmark decision, the Federal Board of Revenue (FBR) has now enforced the Benami Act under the Benami Transactions (Prohibition) Ru
Updated 15 Mar, 2019 08:36am
Deceptive, fraudulent business practices

Deceptive, fraudulent business practices

It's been four years since the Sindh Consumer Protection Act was passed - nine years behind Punjab. The provincial government kept dragging its feet on implementation until the Sindh High Court (SHC) intervened, and acting on a constitutional petition mov
Updated 15 Mar, 2019 08:36am
Optimizing tax Collection

Optimizing tax Collection

"If we realise that the FBR cannot be fixed, we will create a new FBR. This is because Pakistan's survival is linked to it. It's not about our liking or disliking: if our tax collection authority does not function properly, it could lead to a security ris
Published 15 Mar, 2019 12:00am
Regulating the regulators

Regulating the regulators

Well performing regulators encourage innovation across the economy and enhance the growth of productivity through timely approval of measures, flexible approaches to new situations and a solid service orientation. Created by the legislature to implement a
Published 15 Mar, 2019 12:00am
Excellent Chinese move

Excellent Chinese move

China has taken the right approach to a move seeking to blacklist Jaish-e-Mohammad (JeM) leader Maulana Masood Azhar. Obviously, a wave of gloom pervades in the camps of Hindutva or ultra right political parties in India. For all the right reasons, China
Published 15 Mar, 2019 12:00am
NAB tightens grip against Rauf Siddiqui

NAB tightens grip against Rauf Siddiqui

National Accountability Bureau (NAB) on Thursday named former provincial minister and Muttahida Qaumi Movement-Pakistan (MQM-P) leader Rauf Siddiqui and others in a case pertaining to the illegal appointments in Sindh Small Industries Corporation.
Published 15 Mar, 2019 12:00am
Government to carry out judicial reforms for revitalising economy: Fawad

Government to carry out judicial reforms for revitalising economy: Fawad

Minister for Information and Broadcasting Fawad Chaudhary on Thursday said the federal government will carry out judicial reforms which are essential to revitalise the economy as well. Addressing a ceremony of District Bar Association Islamabad, the minis
Published 15 Mar, 2019 12:00am
PCDMA team calls on CC Inland Revenue

PCDMA team calls on CC Inland Revenue

A delegation of Pakistan Chemicals and Dyer Merchant Association (PCDMA) led by its chairman Shahid Waseem met Chief Commissioner Inland Revenue Badruddin Ahmed Quraishi and discussed issues related to commercial imports.
Published 15 Mar, 2019 12:00am
'Government committed to bringing to more women in workforce'

'Government committed to bringing to more women in workforce'

Parliamentary Secretary for Foreign Affairs Andleeb Abbas said on Thursday that the government was committed to bringing more women in the workforce as currently 78 percent of them were unable to contribute in the national progress. She said this while sp
Published 15 Mar, 2019 12:00am
Pakistan believes in the region's peace: Janjua

Pakistan believes in the region's peace: Janjua

Foreign Secretary Tehmina Janjua has reiterated Pakistan's continued commitment to peace in the region and a peaceful neighbourhood. The foreign secretary was talking to European Union's Special Envoy for Afghanistan, Ambassador Roland Kobia who called on
Published 15 Mar, 2019 12:00am
Foreign reserves increase to $14.965 billion

Foreign reserves increase to $14.965 billion

The total liquid foreign reserves held by the country increased to $14.965 billion on March 08, 2019. According to the current figures released by the central bank, the foreign reserves held by the State Bank of Pakistan increased by 6 million to $8.122 b
Published 15 Mar, 2019 12:00am
'Benami account': show-cause notice issued to Zardari

'Benami account': show-cause notice issued to Zardari

Regional Tax Office (RTO)-II has served show-cause notice on former President Asif Ali Zardari for allegedly paying duty and taxes of luxury vehicles from a 'benami account'; it was learnt. According to sources, the field formations of tax offices have no
Published 15 Mar, 2019 12:00am
Higher education sector: Imran concerned over interferences

Higher education sector: Imran concerned over interferences

Prime Minister Imran Khan has shown serious concern over reports of political interference in higher education sector of the country. In a discussion with Chairman HEC Dr Tariq Banuri, Prime Minister Imran Khan has directed the Higher Education Commission
Published 15 Mar, 2019 12:00am
RTO expedites drive to recover tax

RTO expedites drive to recover tax

Regional Tax Office (RTO) Peshawar has accelerated the tax recovery campaign and issued arrest warrants of several tax defaulters. The immovable properties, bank accounts of some 2874 defaulters were also frozen and the vehicles of some of them were also
Published 15 Mar, 2019 12:00am
SBP supporting SMEs for business expansion

SBP supporting SMEs for business expansion

To improve awareness about its SME finance policy and refinance schemes, State Bank of Pakistan (SBP) conducted meetings with manufacturers and exporters of cutlery, stainless steel utensils, water pumps and ceramics belonging to SME sector in Gujranwala.
Published 15 Mar, 2019 12:00am
July-January 2018-19: bed-wear textile export posts four percent growth

July-January 2018-19: bed-wear textile export posts four percent growth

Pakistan's bed-wear textile export posted a four percent growth to $1.354 billion in July-Jan 2018-19, official figures said. Increase in the bed-wear textile export now stands at $48.939 million in July-Jan 2018-19 from $1.305 billion in July-Jan 2017-18
Published 15 Mar, 2019 12:00am
Partly Facetious: Gap is narrowing

Partly Facetious: Gap is narrowing

"Ideologically the gap is narrowing with the International Monetary Fund, so said the Finance Minister?"
Published 15 Mar, 2019 12:00am
2015-16 and 2016-17: first AGM of KP-EZDMC on March 28

2015-16 and 2016-17: first AGM of KP-EZDMC on March 28

The first Annual General Meeting (AGM) of the Khyber Pakhtunkhwa Economic Zones Development and Management Committee (KP-EZDMC) for the years 2015-16 and 2016-17 will be held on March 28. After holding the same AGM the non-compliance from Federal Board of
Published 15 Mar, 2019 12:00am
PTCL, Ufone sign MoU with edotco Pakistan

PTCL, Ufone sign MoU with edotco Pakistan

Pakistan Telecommunication Company Limited (PTCL) & its subsidiary, Pak Telecom Mobile Limited, Ufone, signed a Memorandum of Understanding (MoU) with edotco Group (edotco), leading end to end integrated telecommunications infrastructure services company,
Published 15 Mar, 2019 12:00am
Promotion of 176 officers approved

Promotion of 176 officers approved

Implementing the directions of Chief Secretary Punjab regarding speeding up process of departmental promotions, the Provincial Selection Board One (PSB-1) approved promotions of 176 officers of different departments to next grades in the last five months.
Published 15 Mar, 2019 12:00am
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