News Archives for Print - 2019-03-15

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

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

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

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

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

Import of AC, other products: Malaysian CG terms raise in RD 'a violation of FTA'

Consul General of Malaysia, Khairul Nazam Abd Rahman while expressing concern over the decision taken by Pakistan's Ministry of Commerce to increase Regulatory Duty on import of air conditioners and other such products, has said that the decision was noti

Published 15 Mar, 2019 12:00am

TAPI gas pipeline project: 'Security still a big challenge in Afghanistan'

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain said that security of the TAPI gas pipeline project is still a big challenge in Afghanistan for which foolproof security measures should be finalised by the participating co

Published 15 Mar, 2019 12:00am

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

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

Turkish Company-Albarak team meets Punjab minister

A delegation of Turk Company-Albarak headed by its country head Bunjamin Karaca Thursday called on Punjab Minister for Industries and Trade Mian Aslam Iqbal. The delegation discussed matters relating to Pak-Turk relations, trade cooperation and investment

Published 15 Mar, 2019 12:00am

International investment moot planned for April in Lahore

Provincial Minister for Industries and Trade, Mian Aslam Iqbal has announced holding of international investment conference in Lahore during next month in which investors, business community and diplomats from different countries will participate.

Published 15 Mar, 2019 12:00am

Government urged to exempt CGT on trading of securities

The stock market is a place to raise funds and the government should cash this avenue by allowing complete exemption of capital gain tax (CGT) on trading of securities, market players said. The exemption in CGT will encourage foreigners to invest in Pakis

Published 15 Mar, 2019 12:00am

FTO helps in getting released Rs 6.89 billion tax refund claims of exporters

Adviser to Federal Tax Ombudsman (FTO) (on customs and sales tax) Shahid Ahmad on Thursday claimed to have got released over Rs 6.89 billion tax refunds of exporters pending with tax authorities as a result of orders passed by FTO in 2018, as against Rs 3

Published 15 Mar, 2019 12:00am

Currency

Customers face problems in getting currency notes

Customers of different banks are facing problems in receiving currency notes of various denominations, particularly those of Rs100, Rs500 and Rs1000. They said bankers were not providing currency notes of smaller denominations citing the reason that they

Published 15 Mar, 2019 12:00am

Salary increase bill: Cheema urges Punjab Assembly legislators to reverse decision

Pakistan Tehreek-e-Insaf (PTI) Central Information Secretary Omar Sarfaraz Cheema on Thursday demanded Punjab provincial assembly to take back its decision regarding increase in salaries of the lawmakers. Earlier in the day, Prime Minister Imran Khan also

Published 15 Mar, 2019 12:00am

Faisalabad may help stabilise economy by multiplying exports: Adrees

Former President Federation of Pakistan Chamber of Commerce & Industry (FPCCI), Mian Muhammad Adrees said that Faisalabad is one of the fastest growing cities of Pakistan which has potential to stabilise national economy by multiplying its exports.

Published 15 Mar, 2019 12:00am

Punjab Assembly adopts Aab-e-Pak Authority Bill

The Punjab Assembly on Thursday passed Punjab Aab-e-Pak Authority Bill 2019 with majority. All the amendments of the opposition were rejected. The opposition showed their reservation on making Governor Punjab Chaudhry Muhammad Sarwar as patron in chief of

Published 15 Mar, 2019 12:00am

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

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

'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

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

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

'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

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 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

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

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

Currency

Economy woes threaten to haunt Erdogan's AKP in Turkey elections

Turkey's stalling economy threatens to haunt President Recep Tayyip Erdogan's ruling AKP in local elections this month as voters stung by living costs turn against a party that built its ballot box success on the country's prosperity.

Published 15 Mar, 2019 12:00am

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

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

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

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

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

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

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

US now realises mistakes made in Afghanistan: CJCSC

Chairman Joint Chiefs of Staff Committee (CJCSC) General Zubair Mahmood Hayat said the US has now realised mistakes made in Afghanistan. These remarks were expressed by the CJCSC at the Pakistaniat Conference organised by Pakistan Institute for Conflict a

Published 15 Mar, 2019 12:00am

US now realises mistakes made in Afghanistan: CJCSC

Chairman Joint Chiefs of Staff Committee (CJCSC) General Zubair Mahmood Hayat said the US has now realised mistakes made in Afghanistan. These remarks were expressed by the CJCSC at the Pakistaniat Conference organised by Pakistan Institute for Conflict a

Published 15 Mar, 2019 12:00am

US and India commit to building six nuclear power plants

The United States and India on Wednesday agreed to strengthen security and civil nuclear cooperation, including building six US nuclear power plants in India, the two countries said in a joint statement. The agreement came after two days of talks in Washi

Published 15 Mar, 2019 12:00am

US and India commit to building six nuclear power plants

The United States and India on Wednesday agreed to strengthen security and civil nuclear cooperation, including building six US nuclear power plants in India, the two countries said in a joint statement. The agreement came after two days of talks in Washi

Published 15 Mar, 2019 12:00am

France probes Boeing black boxes as jets grounded worldwide

French investigators were examining the black boxes from the Boeing 737 MAX aircraft that crashed in Ethiopia on Thursday, as the ban on the model went worldwide after President Donald Trump added the US to countries that have grounded the aircraft. Franc

Published 15 Mar, 2019 12:00am

France probes Boeing black boxes as jets grounded worldwide

French investigators were examining the black boxes from the Boeing 737 MAX aircraft that crashed in Ethiopia on Thursday, as the ban on the model went worldwide after President Donald Trump added the US to countries that have grounded the aircraft. Franc

Published 15 Mar, 2019 12:00am

France probes Boeing black boxes as jets grounded worldwide

French investigators were examining the black boxes from the Boeing 737 MAX aircraft that crashed in Ethiopia on Thursday, as the ban on the model went worldwide after President Donald Trump added the US to countries that have grounded the aircraft. Franc

Published 15 Mar, 2019 12:00am

MPs overwhelmingly reject second Brexit referendum

British MPs on Thursday voted massively against delaying leaving the EU in order to hold a second Brexit referendum, dealing a major blow to pro-European campaigners urging a fresh public vote. Only 85 MPs voted for the amendment and 334 voted against, wh

Published 15 Mar, 2019 12:00am

MPs overwhelmingly reject second Brexit referendum

British MPs on Thursday voted massively against delaying leaving the EU in order to hold a second Brexit referendum, dealing a major blow to pro-European campaigners urging a fresh public vote. Only 85 MPs voted for the amendment and 334 voted against, wh

Published 15 Mar, 2019 12:00am

Increase in salaries; Imran disappointed by Punjab Assembly's Decision

Prime Minister Imran Khan has expressed extreme disappointment over Punjab Assembly's decision to increase salaries of its members at a time when the federal government is stressing the need for taking austerity measures to mitigate budgetary crisis.

Published 15 Mar, 2019 12:00am

Increase in salaries; Imran disappointed by Punjab Assembly's Decision

Prime Minister Imran Khan has expressed extreme disappointment over Punjab Assembly's decision to increase salaries of its members at a time when the federal government is stressing the need for taking austerity measures to mitigate budgetary crisis.

Published 15 Mar, 2019 12:00am

Model town case: Team allowed to interrogate Nawaz in jail

Account-ability Court Thursday approved an application moved by Punjab Police to interrogate former Prime Minister Nawaz Sharif in jail in the Model Town case. Accountability Judge Muhammad Arshad Malik allowed interrogations against Sharif while hearing

Published 15 Mar, 2019 12:00am

Model town case: Team allowed to interrogate Nawaz in jail

Account-ability Court Thursday approved an application moved by Punjab Police to interrogate former Prime Minister Nawaz Sharif in jail in the Model Town case. Accountability Judge Muhammad Arshad Malik allowed interrogations against Sharif while hearing

Published 15 Mar, 2019 12:00am

PM still mulling replacing Chaudhry with Awan?

Prime Minister Imran Khan is considering replacing Minister for Information and Broadcasting Fawad Chaudhry with Babar Awan but has deferred the decision till the expected cabinet reshuffle, informed sources told Business Recorder. The cabinet resh

Published 15 Mar, 2019 12:00am

PM still mulling replacing Chaudhry with Awan?

Prime Minister Imran Khan is considering replacing Minister for Information and Broadcasting Fawad Chaudhry with Babar Awan but has deferred the decision till the expected cabinet reshuffle, informed sources told Business Recorder. The cabinet resh

Published 15 Mar, 2019 12:00am

18th Amendment could become ineffective

The Supreme Court on Thursday said the 18th Amendment would become ineffective if the government makes law under international conventions and commitments. Justice Azmat Saeed Sheikh, heading a three-judge bench, was hearing Federal Ombudsperson for the p

Published 15 Mar, 2019 12:00am

18th Amendment could become ineffective

The Supreme Court on Thursday said the 18th Amendment would become ineffective if the government makes law under international conventions and commitments. Justice Azmat Saeed Sheikh, heading a three-judge bench, was hearing Federal Ombudsperson for the p

Published 15 Mar, 2019 12:00am

The Weather

The weather report on Thursday (March 14, 2019) and the forecast for Friday (March 15, 2019).

Published 15 Mar, 2019 12:00am

Future LNG terminals; ''Government not to provide any financial subsidy, off-take guarantee''

The Economic Coordination Committee (ECC) of the Cabinet has decided that the government will not provide any financial subsidy and off-take guarantee for future Liquefied Natural Gas (LNG) terminals, sources close to Minister for Petroleum told Busine

Published 15 Mar, 2019 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (March 14, 2019).

Published 15 Mar, 2019 12:00am

Future LNG terminals; 'Government not to provide any financial subsidy, off-take guarantee'

The Economic Coordination Committee (ECC) of the Cabinet has decided that the government will not provide any financial subsidy and off-take guarantee for future Liquefied Natural Gas (LNG) terminals, sources close to Minister for Petroleum told Busine
Published 15 Mar, 2019 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (March 14, 2019).

Published 15 Mar, 2019 12:00am

Future LNG terminals; 'Government not to provide any financial subsidy, off-take guarantee'

The Economic Coordination Committee (ECC) of the Cabinet has decided that the government will not provide any financial subsidy and off-take guarantee for future Liquefied Natural Gas (LNG) terminals, sources close to Minister for Petroleum told Busine
Published 15 Mar, 2019 12:00am

LME official prices

The following were Wednesday official prices.

Published 15 Mar, 2019 12:00am

PM launches online visa policy

Prime Minister Imran Khan on Thursday launched online visa policy, saying that Pakistan is being opened for the world to attract foreign investment and boost tourism in the country. After pressing the button to launch the online visa policy and giving awa
Published 15 Mar, 2019 12:00am

LME official prices

The following were Wednesday official prices.

Published 15 Mar, 2019 12:00am

PM launches online visa policy

Prime Minister Imran Khan on Thursday launched online visa policy, saying that Pakistan is being opened for the world to attract foreign investment and boost tourism in the country. After pressing the button to launch the online visa policy and giving awa
Published 15 Mar, 2019 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (March 14, 2019).

Published 15 Mar, 2019 12:00am

BRIndex100 loses 18.56 points

Pakistan Stock Exchange witnessed bearish trend due to selling in various sectors. BRIndex100 lost 18.56 points or 0.45 percent to close at 4,084.95 points on Thursday. During the session, the BRIndex-100 touched an intraday high of 4,116.27 and an intrad
Published 15 Mar, 2019 12:00am

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (March 14, 2019)

Published 15 Mar, 2019 12:00am

BRIndex100 loses 18.56 points

Pakistan Stock Exchange witnessed bearish trend due to selling in various sectors. BRIndex100 lost 18.56 points or 0.45 percent to close at 4,084.95 points on Thursday. During the session, the BRIndex-100 touched an intraday high of 4,116.27 and an intrad
Published 15 Mar, 2019 12:00am

Lahore Paper Market Rates

Paper market rates in rupees on Thursday (March 14, 2019).

Published 15 Mar, 2019 12:00am

BRIndex100 loses 18.56 points

Pakistan Stock Exchange witnessed bearish trend due to selling in various sectors. BRIndex100 lost 18.56 points or 0.45 percent to close at 4,084.95 points on Thursday. During the session, the BRIndex-100 touched an intraday high of 4,116.27 and an intrad
Published 15 Mar, 2019 12:00am

Cotton
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Thursday (March 14, 2019).

Published 15 Mar, 2019 12:00am

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

Shipping Intelligence

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

Published 15 Mar, 2019 12:00am

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

Shipping Intelligence

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

Published 15 Mar, 2019 12:00am

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

Dollar's rate in interbank market

Interbank closing rates for dollar on Thursday (March 14, 2019).

Published 15 Mar, 2019 12:00am

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

Kerb
Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Thursday (March 14, 2019).

Published 15 Mar, 2019 12:00am

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

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 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

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 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

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Thursday (March 14, 2019).

Published 15 Mar, 2019 12:00am

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

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Thursday (March 14, 2019).

Published 15 Mar, 2019 12:00am

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

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Thursday (March 14, 2019).

Published 15 Mar, 2019 12:00am

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

Cross Transactions between Client to Client & Financial Institutions

The following were the cross transactions between client to client & financial institutions here on Thursday (March 14, 2019).

Published 15 Mar, 2019 12:00am

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

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

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

Mutual Funds
Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Thursday (March 14, 2019)

Published 15 Mar, 2019 12:00am

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

Mutual Funds
Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Thursday (March 14, 2019)

Published 15 Mar, 2019 12:00am

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

Mutual Funds
Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Thursday (March 14, 2019)

Published 15 Mar, 2019 12:00am

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

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

National Clearing Company declares daily settlement information for local & foreign investors on Thursday (March 14, 2019).

Published 15 Mar, 2019 12:00am

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

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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