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Print - 2019-05-07
MAP, AAMO confer leadership awards to Dr Abdul Bari

MAP, AAMO confer leadership awards to Dr Abdul Bari

Prof Dr Abdul Bari Khan conferred leadership awards by MAP and AAMO. Being a non-profit organisation, Management Association of Pakistan (MAP) believes in promoting and recognising altruistic leadership & philanthropic service to humankind in Pakistan. Fo
Published 07 May, 2019 12:00am
Imran appointed IMF employee as SBP governor to save himself: Murtaza

Imran appointed IMF employee as SBP governor to save himself: Murtaza

Adviser to Chief Minister Sindh for Information, Law and Anticorruption Barrister Murtaza Wahab said that before the election Prime Minister Imran Khan had announced that he would not go to IMF rather prefer to commit suicide but after coming into power a
Published 07 May, 2019 12:00am
Fake accounts case: AC extends remand of three accused on NAB's request

Fake accounts case: AC extends remand of three accused on NAB's request

The Accountability Courts (I & II) Monday while hearing the fake bank accounts case extended the physical remand of three accused on the request of the National Accountability Bureau (NAB). The Accountability Court-II Judge Muhammad Arshad Malik while hea
Published 07 May, 2019 12:00am
Parliamentary body condemns unprovoked Indian firing on LoC

Parliamentary body condemns unprovoked Indian firing on LoC

Parliamentary Committee on Kashmir strongly condemned unprovoked firing by Indian security forces on the Line of Control (LoC). The first in-camera formal meeting of the Parliamentary Committee on Kashmir was held here at Parliament House on Monday. Chair
Published 07 May, 2019 12:00am
Modi's reelection prospects

Modi's reelection prospects

The results of ongoing general elections in India will be announced on May 23. Prime Minister Modi's Bharatiya Janata Party (BJP) is hoping for a repeat of the 2014 contest when it decimated Rahul Gandhi's left-leaning Congress party to win an outright ma
Published 07 May, 2019 12:00am
A year after US nuclear pullout, Iran grapples with sanctions

A year after US nuclear pullout, Iran grapples with sanctions

A year after the US withdrew from a landmark nuclear accord, Iran's economy is suffering under renewed sanctions - but Tehran is sticking to the pact even while warning its patience "has limits". The Islamic republic's economy is expected to shrink by a w
Published 07 May, 2019 12:00am
An unsettling survey

An unsettling survey

Casting an eye over the current national landscape proves an unsettling experience. Good news is hard to find, if not conspicuous by its absence. Nevertheless, for the sake of clarity and hopefully some benefit for the readers, here goes.
Published 07 May, 2019 12:00am
FBR's performance

FBR's performance

The Federal Board of Revenue (FBR) put in an exceptional performance in collecting tax revenues from 2012-13 to 2017-18. The average annual growth rate achieved was relatively high at 14 percent, leading to a near doubling of revenues over the five year p
Published 07 May, 2019 12:00am
Moon-sighting 'enigma'

Moon-sighting 'enigma'

Like ever before, this year too, the moon-sighting for Ramazan was not controversy-free. The Central Ruet-e-Hilal Committee didn't sight the moon on Sunday evening and announced that the holy month of Ramazan would start from Tuesday, May 7. The committee
Updated 07 May, 2019 05:40am
The new Governor SBP
Currency

The new Governor SBP

The appointment of Reza Baqir as Governor State Bank of Pakistan (SBP) was confirmed by Dr Firdous Ashiq Awan, Special Assistant to the Prime Minister on Information and Broadcasting. She added that he got his education from prestigious international educ
Updated 07 May, 2019 05:39am
Shahbaz hasn't resigned from chairmanship of PAC: Rana

Shahbaz hasn't resigned from chairmanship of PAC: Rana

Pakistan Muslim League-Nawaz (PML-N) leader Rana Sanaullah has said that Opposition leader Shahbaz Sharif has not resigned from the chairmanship of Public Accounts Committee (PAC) and the parliamentary party of PML-N has given this proposal so far.
Published 07 May, 2019 12:00am
Shahbaz hasn't resigned from chairmanship of PAC: Rana

Shahbaz hasn't resigned from chairmanship of PAC: Rana

Pakistan Muslim League-Nawaz (PML-N) leader Rana Sanaullah has said that Opposition leader Shahbaz Sharif has not resigned from the chairmanship of Public Accounts Committee (PAC) and the parliamentary party of PML-N has given this proposal so far.
Published 07 May, 2019 12:00am
Government to launch Rs 5 billion survey to bring poor into safety net

Government to launch Rs 5 billion survey to bring poor into safety net

The government is set to start a fresh survey at a cost of Rs 5 billion to identify the people below the poverty line and bring them into safety net in a bid to reduce poverty. This was stated by Secretary Poverty Alleviation and Social Safety Shaista Soh
Published 07 May, 2019 12:00am
Government to launch Rs 5 billion survey to bring poor into safety net

Government to launch Rs 5 billion survey to bring poor into safety net

The government is set to start a fresh survey at a cost of Rs 5 billion to identify the people below the poverty line and bring them into safety net in a bid to reduce poverty. This was stated by Secretary Poverty Alleviation and Social Safety Shaista Soh
Published 07 May, 2019 12:00am
Security high in IoK as India votes again

Security high in IoK as India votes again

India held the next stage of its marathon election on Monday, with 90 million people eligible to vote in key seats for Prime Minister Narendra Modi's party and security heavy in occupied Kashmir. The world's biggest poll has been plagued by violence, with
Published 07 May, 2019 12:00am
Security high in IoK as India votes again

Security high in IoK as India votes again

India held the next stage of its marathon election on Monday, with 90 million people eligible to vote in key seats for Prime Minister Narendra Modi's party and security heavy in occupied Kashmir. The world's biggest poll has been plagued by violence, with
Published 07 May, 2019 12:00am
High treason case: Questionnaire sent to Musharraf

High treason case: Questionnaire sent to Musharraf

Former President General Pervez Musharraf (retd) has been sent a questionnaire under Section 342 of CrPc about the promulgation of a state of emergency and Provisional Constitutional Order (PCO) on 3rd November 2007. The questionnaire contains 27 question
Published 07 May, 2019 12:00am
High treason case: Questionnaire sent to Musharraf

High treason case: Questionnaire sent to Musharraf

Former President General Pervez Musharraf (retd) has been sent a questionnaire under Section 342 of CrPc about the promulgation of a state of emergency and Provisional Constitutional Order (PCO) on 3rd November 2007. The questionnaire contains 27 question
Published 07 May, 2019 12:00am
21-year sentences in Greece for Pakistani's murder

21-year sentences in Greece for Pakistani's murder

Two Greek men were on Monday sentenced to over 21 years in prison for the racially-aggravated murder of a Pakistani migrant worker, a verdict that could impact the landmark trial of the neo-Nazi Golden Dawn party, a court source said. Shehzad Luqman was 2
Published 07 May, 2019 12:00am
21-year sentences in Greece for Pakistani's murder

21-year sentences in Greece for Pakistani's murder

Two Greek men were on Monday sentenced to over 21 years in prison for the racially-aggravated murder of a Pakistani migrant worker, a verdict that could impact the landmark trial of the neo-Nazi Golden Dawn party, a court source said. Shehzad Luqman was 2
Published 07 May, 2019 12:00am
New FBR chief says he''ll work harder to remove trust deficit

New FBR chief says he''ll work harder to remove trust deficit

Newly nominated Chairman Federal Board of Revenue (FBR) Syed Shabbar Zaidi has shown his resolve to improve revenue collection, saying he would try his level best to remove the trust deficit between the taxpayer and the FBR. Talking to Business Recorde
Published 07 May, 2019 12:00am
New FBR chief says he'll work harder to remove trust deficit

New FBR chief says he'll work harder to remove trust deficit

Newly nominated Chairman Federal Board of Revenue (FBR) Syed Shabbar Zaidi has shown his resolve to improve revenue collection, saying he would try his level best to remove the trust deficit between the taxpayer and the FBR. Talking to Business Recorde
Published 07 May, 2019 12:00am
New FBR chief says he'll work harder to remove trust deficit

New FBR chief says he'll work harder to remove trust deficit

Newly nominated Chairman Federal Board of Revenue (FBR) Syed Shabbar Zaidi has shown his resolve to improve revenue collection, saying he would try his level best to remove the trust deficit between the taxpayer and the FBR. Talking to Business Recorde
Published 07 May, 2019 12:00am
SC says no coercive proceedings should be taken against KE

SC says no coercive proceedings should be taken against KE

The Supreme Court on Monday issued notices to the secretary Cabinet Division, Ministry of Water and Power, chairman Federal Board of Revenue (FBR) and collector Customs for not deciding issue of payment of customs duty, sales tax and demurrage/port charge
Published 07 May, 2019 12:00am
NAB arrests LWMC official

NAB arrests LWMC official

General Manager (GM) Procurement & Contracts, Muhammad Tahir Maqbool of Lahore Waste Management Company (LWMC), has been arrested by National Accountability Bureau (NAB), following the allegations of corrupt practices of illegal evaluation charges in LWMC
Published 07 May, 2019 12:00am
Eight Chinese involved in women trafficking held

Eight Chinese involved in women trafficking held

The Federal Investigation Agency on Monday raided a racket of Chinese nationals involved in smuggling and trafficking Pakistani girls to China on contract marriages. According to a private television channel, Deputy Director FIA Jamil Ahmad Khan Mayo said
Published 07 May, 2019 12:00am
Customs tariff slabs on imported items to be revised in budget

Customs tariff slabs on imported items to be revised in budget

The government is likely to revise customs tariff slabs on imported items in the upcoming budget (2019-20). Sources told Business Recorder here on Monday that the ongoing budget exercise is seriously considering to make changes in the existing impo
Published 07 May, 2019 12:00am
Customs tariff slabs on imported items to be revised in budget

Customs tariff slabs on imported items to be revised in budget

The government is likely to revise customs tariff slabs on imported items in the upcoming budget (2019-20). Sources told Business Recorder here on Monday that the ongoing budget exercise is seriously considering to make changes in the existing impo
Published 07 May, 2019 12:00am
Customs tariff slabs on imported items to be revised in budget

Customs tariff slabs on imported items to be revised in budget

The government is likely to revise customs tariff slabs on imported items in the upcoming budget (2019-20). Sources told Business Recorder here on Monday that the ongoing budget exercise is seriously considering to make changes in the existing impo
Published 07 May, 2019 12:00am
Government intends to borrow Rs 4.7 trillion in May-July

Government intends to borrow Rs 4.7 trillion in May-July

The cash-strapped government intends to borrow Rs 4.7 trillion from banking sector during the next three months (May-July) of 2019 for tackling fiscal deficit. The State Bank of Pakistan (SBP) has issued three calendars for the auction of Market Treasury
Published 07 May, 2019 12:00am
Government intends to borrow Rs 4.7 trillion in May-July

Government intends to borrow Rs 4.7 trillion in May-July

The cash-strapped government intends to borrow Rs 4.7 trillion from banking sector during the next three months (May-July) of 2019 for tackling fiscal deficit. The State Bank of Pakistan (SBP) has issued three calendars for the auction of Market Treasury
Published 07 May, 2019 12:00am
Government intends to borrow Rs 4.7 trillion in May-July

Government intends to borrow Rs 4.7 trillion in May-July

The cash-strapped government intends to borrow Rs 4.7 trillion from banking sector during the next three months (May-July) of 2019 for tackling fiscal deficit. The State Bank of Pakistan (SBP) has issued three calendars for the auction of Market Treasury
Published 07 May, 2019 12:00am
Bailout package: IMF mission continues discussions

Bailout package: IMF mission continues discussions

The International Monetary Fund (IMF) continues discussions on the policies and reform that could be the base of a Fund-supported programme. This was stated by Teresa Dabán Sánchez, Resident Representative IMF while responding to a query from this corresp
Published 07 May, 2019 12:00am
Bailout package: IMF mission continues discussions

Bailout package: IMF mission continues discussions

The International Monetary Fund (IMF) continues discussions on the policies and reform that could be the base of a Fund-supported programme. This was stated by Teresa Dabán Sánchez, Resident Representative IMF while responding to a query from this corresp
Published 07 May, 2019 12:00am
Bailout package: IMF mission continues discussions

Bailout package: IMF mission continues discussions

The International Monetary Fund (IMF) continues discussions on the policies and reform that could be the base of a Fund-supported programme. This was stated by Teresa Dabán Sánchez, Resident Representative IMF while responding to a query from this corresp
Published 07 May, 2019 12:00am
Inflation, price hike and Pakistan's economic structure - II

Inflation, price hike and Pakistan's economic structure - II

It is a common knowledge in Paki-stan that in the present day market mechanism, middlemen buy crops or product of the agriculturist 'upfront' much before the production as the agriculturists/producers do not possess sufficient money for seed, fertilizer,
Published 07 May, 2019 12:00am
Inflation, price hike and Pakistan's economic structure - II

Inflation, price hike and Pakistan's economic structure - II

It is a common knowledge in Paki-stan that in the present day market mechanism, middlemen buy crops or product of the agriculturist 'upfront' much before the production as the agriculturists/producers do not possess sufficient money for seed, fertilizer,
Published 07 May, 2019 12:00am
Spending Rs 4 million to sight moon is not wise: Fawad

Spending Rs 4 million to sight moon is not wise: Fawad

Federal Minister for Science and Technology Fawad Chaudhry on Monday said the Ruet-e-Hilal committee should carry out the sighting on voluntary basis. The minister said that up to Rs 4 million is spent on moon-sighting procedure every year, which is not w
Published 07 May, 2019 12:00am
Spending Rs 4 million to sight moon is not wise: Fawad

Spending Rs 4 million to sight moon is not wise: Fawad

Federal Minister for Science and Technology Fawad Chaudhry on Monday said the Ruet-e-Hilal committee should carry out the sighting on voluntary basis. The minister said that up to Rs 4 million is spent on moon-sighting procedure every year, which is not w
Published 07 May, 2019 12:00am
Rs 2 billion proposed for Ramazan Package

Rs 2 billion proposed for Ramazan Package

Special Assistant to Prime Minister on Information & Broadcasting Firdous Ashiq Awan on Monday proposed Rs 2 billion Ramazan Package to provide relief to a common man. While addressing a press conference, Firdous said that despite economic restraints, the
Published 07 May, 2019 12:00am
The Weather

The Weather

The weather report on Monday (May 06, 2019) and the forecast for Tuesday (May 07, 2019).

Published 07 May, 2019 12:00am
Rs 2 billion proposed for Ramazan Package

Rs 2 billion proposed for Ramazan Package

Special Assistant to Prime Minister on Information & Broadcasting Firdous Ashiq Awan on Monday proposed Rs 2 billion Ramazan Package to provide relief to a common man. While addressing a press conference, Firdous said that despite economic restraints, the
Published 07 May, 2019 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (May 06, 2019).

Published 07 May, 2019 12:00am
Rs 2 billion proposed for Ramazan Package

Rs 2 billion proposed for Ramazan Package

Special Assistant to Prime Minister on Information & Broadcasting Firdous Ashiq Awan on Monday proposed Rs 2 billion Ramazan Package to provide relief to a common man. While addressing a press conference, Firdous said that despite economic restraints, the
Published 07 May, 2019 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (May 06, 2019).

Published 07 May, 2019 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 07 May, 2019 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 07 May, 2019 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (May 06, 2019).

Published 07 May, 2019 12:00am
BRIndex100 sheds 39.5 points

BRIndex100 sheds 39.5 points

Despite foreign buying, Pakistan Stock Exchange plunged in deep red on the first day of the week due to selling by local investors. BRIndex100 lost 39.5 points or 1.05 percent to close at 3,717.45 points on Monday. BRIndex100 touched intraday high of 3,78
Published 07 May, 2019 12:00am
BRIndex100 sheds 39.5 points

BRIndex100 sheds 39.5 points

Despite foreign buying, Pakistan Stock Exchange plunged in deep red on the first day of the week due to selling by local investors. BRIndex100 lost 39.5 points or 1.05 percent to close at 3,717.45 points on Monday. BRIndex100 touched intraday high of 3,78
Published 07 May, 2019 12:00am
BRIndex100 sheds 39.5 points

BRIndex100 sheds 39.5 points

Despite foreign buying, Pakistan Stock Exchange plunged in deep red on the first day of the week due to selling by local investors. BRIndex100 lost 39.5 points or 1.05 percent to close at 3,717.45 points on Monday. BRIndex100 touched intraday high of 3,78
Published 07 May, 2019 12:00am
Nature under siege as a million species face extinction, UN warns

Nature under siege as a million species face extinction, UN warns

Humanity is squandering the natural capital that has allowed society to thrive, driving a million species to the brink of extinction in the process, a landmark UN report on the state of Nature warned Monday. Relentless plundering and poisoning of Earth's
Published 07 May, 2019 12:00am
Nature under siege as a million species face extinction, UN warns

Nature under siege as a million species face extinction, UN warns

Humanity is squandering the natural capital that has allowed society to thrive, driving a million species to the brink of extinction in the process, a landmark UN report on the state of Nature warned Monday. Relentless plundering and poisoning of Earth's
Published 07 May, 2019 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (May 06, 2019)

Published 07 May, 2019 12:00am
Government decides to link seminaries with Ministry of Education

Government decides to link seminaries with Ministry of Education

The federal government has decided to link religious seminaries in the country with Ministry of Education and Professional Training to improve the education standard. This was stated by Federal Minister for Education and Professional Training Shafqat Mehm
Published 07 May, 2019 12:00am
Government decides to link seminaries with Ministry of Education

Government decides to link seminaries with Ministry of Education

The federal government has decided to link religious seminaries in the country with Ministry of Education and Professional Training to improve the education standard. This was stated by Federal Minister for Education and Professional Training Shafqat Mehm
Published 07 May, 2019 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (May 06, 2019).

Published 07 May, 2019 12:00am
FATF challenge: Hafeez warns against any complacency

FATF challenge: Hafeez warns against any complacency

Adviser to Prime Minister on Finance Dr Abdul Hafeez Shaikh has directed all stakeholders to work round-the-clock, give highest priority and put great efforts for achieving and surpassing the FATF Action Plan. Hafeez Shaikh chaired a meeting to review pro
Published 07 May, 2019 12:00am
FATF challenge: Hafeez warns against any complacency

FATF challenge: Hafeez warns against any complacency

Adviser to Prime Minister on Finance Dr Abdul Hafeez Shaikh has directed all stakeholders to work round-the-clock, give highest priority and put great efforts for achieving and surpassing the FATF Action Plan. Hafeez Shaikh chaired a meeting to review pro
Published 07 May, 2019 12:00am
FATF challenge: Hafeez warns against any complacency

FATF challenge: Hafeez warns against any complacency

Adviser to Prime Minister on Finance Dr Abdul Hafeez Shaikh has directed all stakeholders to work round-the-clock, give highest priority and put great efforts for achieving and surpassing the FATF Action Plan. Hafeez Shaikh chaired a meeting to review pro
Published 07 May, 2019 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (May 06, 2019).

Published 07 May, 2019 12:00am
Democrats launch contempt action against US AG

Democrats launch contempt action against US AG

US House Democrats scheduled a Wednesday vote on whether to hold the nation's top law enforcement official in contempt for failing to produce a full, unredacted special counsel's report on Russian election interference.
Published 07 May, 2019 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (May 06, 2019).

Published 07 May, 2019 12:00am
THE RUPEE: all-round gains
Currency

THE RUPEE: all-round gains

The rupee managed to recover modest ground versus the dollar in the process of trading activity, dealers said.
Published 07 May, 2019 12:00am
THE RUPEE: all-round gains
Currency

THE RUPEE: all-round gains

The rupee managed to recover modest ground versus the dollar in the process of trading activity, dealers said.
Published 07 May, 2019 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Monday (May 06, 2019).

Published 07 May, 2019 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 07 May, 2019 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Pakistan Stock Exchange.

Published 07 May, 2019 12:00am