News Archives for Print - 2019-05-23

Government Securities: SBP invites applications for Primary Dealer

The State Bank of Pakistan (SBP) has invited applications for appointment as Primary Dealer (PD) of Government Securities i.e. Pakistan Investment Bonds and Market Treasury Bills for FY 2019-20.

Published 23 May, 2019 12:00am

Kidnapping, murder of girl: NA speaker briefed about post-protest developments

Speaker National Assembly Asad Qaiser was briefed by Islamabad Capital Territory (ICT) administration on post-protest developments on the kidnapping and murder of a girl in the city.

Published 23 May, 2019 12:00am

Students urged to fight against menace of drugs

An interactive session of the sub-committee of Senate Standing Committee on Narcotics Control was held with COMSATS faculty and students here on Wednesday.

Published 23 May, 2019 12:00am

SC dismisses NAB petition to cancel ex-ETO's bail

The Supreme Court on Wednesday dismissed National Accountability Bureau's (NAB) petition to cancel bail granted to former excise and taxation officer (ETO), Quetta, in a forgery case.

Published 23 May, 2019 12:00am

'Jamali's arrest has nothing to do with SECMC's business'

The Sindh Engro Coal Mining Company (SECMC) in its official statement said that it has been learnt through the media that the Chairman of the Board of Sindh Engro Coal Mining Company Khursheed Jamali, has been arrested by NAB officials.

Published 23 May, 2019 12:00am

Cotton

Restoration of RD on cotton import recommended

A meeting regarding budget proposals for agriculture development has recommended that the regulatory duty on cotton import may be restored to prevent the massive import and dumping of cotton, and enable the farmers to receive international parity price.

Published 23 May, 2019 12:00am

One killed in Old Sabzi Mandi clash

At least one person was killed and four others injured in armed clash between two groups in the metropolis on Wednesday. Police arrested two with arms. According to details, armed men of two groups which were in old dispute traded fire near Old Sabzi Mand

Published 23 May, 2019 12:00am

Al-Azizia, Flagship Investment references: IHC fixes NAB appeals against Nawaz's acquittal for June 19

The Islamabad High Court (IHC) has fixed National Accountability Bureau's (NAB) appeals against acquittal of incarcerated former prime minister Nawaz Sharif in Al-Azizia and Flagship Investment references for June 19. A division bench comprising Justice A

Published 23 May, 2019 12:00am

SC issues notice to NAB on ex-ETPB chief's bail plea

The Supreme Court on Wednesday issued notice to National Accountability Bureau (NAB) on the bail application of former chairman Evacuee Trust Property Board (ETPB) Asif Hashmi. A three-member judge bench, headed by Justice Sheikh Azmat Saeed, heard post-a

Published 23 May, 2019 12:00am

IHC maintains its order: Pemra barred from issuing new TV channels licences

Maintaining its previous order, the Islamabad High Court (IHC) on Wednesday barred Pakistan Electronic Media Regulatory Authority (PEMRA) from issuing new television channel licences. A single bench of IHC comprising Chief Justice Athar Minallah heard the

Published 23 May, 2019 12:00am

Death toll in cylinder blast rises to 10

The death toll of gas cylinder explosion on May 6 at a Tandoor in Dir Colony area of Peshawar has reached 10 including nine children. The incident has occurred on May 6, minutes before Iftar time, when a number of people, mostly children, were gathering o

Published 23 May, 2019 12:00am

Farishta murder case: FIR registered against SI, police officials

The local police Wednesday registered a case against station house officer (SHO) and other officials of Shehzad Town police station for their negligence in 10-year-old girl case, who was allegedly killed after rape in the outskirts of the federal capital.

Published 23 May, 2019 12:00am

Bilawal accuses PTI government of destroying country's economy

Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto-Zardari has claimed that incompetent Pakistan Tehreek-e-Insaf (PTI) government has destroyed the economy of the country. While addressing the PPP workers of Islamabad, Bilawal Bhutto said that tsunami o

Published 23 May, 2019 12:00am

OPDs, OTs reopen in KP as doctors end strike

The Outpatient Department (OPD) and Operation Theater (OT) services have resumed across Khyber Pakhtunkhwa as doctors end strike on Wednesday. The protesting doctors met KP Chief Minister Mahmood Khan and after successful talks decided to end their strike

Published 23 May, 2019 12:00am

Market committees liable to pay tax under PUIPT Act: SC

The Supreme Court has held that market committees of Multan and Sahiwal are liable to pay tax under Punjab Urban Immovable Property Tax Act, 1958 after the amendment in section 4(b) of the Act brought about through the Ordinance on 25.6.2002.

Published 23 May, 2019 12:00am

ETPB chairman's appointment: Federation seeks time from IHC

The federation Wednesday sought time from Islamabad High Court (IHC) to submit its reply in a petition filed against the appointment of Dr Amir Ahmed as chairman Evacuee Trust Property Board (ETPB). A single bench of IHC comprising Chief Justice Athar Min

Published 23 May, 2019 12:00am

Faisal mosque's security arrangements reviewed

The Islamabad Police Wednesday reviewed the security arrangements for Faisal Masjid during the last Ashra of Ramadan and asked the Masjid administration to submit complete record with police of those faithfuls staying there for Aitikaf purpose. SP (Saddar

Published 23 May, 2019 12:00am

Assets Declaration Ordinance, 2019: LHC issues notices to Centre, MoF, FBR chief and others

Lahore High Court (LHC) has issued notices to the federal government, Ministry of Finance, Ministry of Law and Justice, speaker National Assembly and chairman Federal Board of Revenue on a petition challenging the Assets Declaration Ordinance, 2019.

Published 23 May, 2019 12:00am

Non-payment of Group Insurance money to FG employees - II

While responding to the repeated requests made on the subject, the Federal Employees Benevolent & Group Insurance Funds management had informed vide their letter No. 7/PM/Estab. Div (Matters)/Coord/17 (P-2), dated 11th June, 2018 that an actuary study was

Published 23 May, 2019 12:00am

Eliminate with extreme prejudice

Murder is a fairly normal affair, Jamaica is the murder capital of the world - statistically speaking. A murder - whether a homicide, poisoning, targeted killing, etc., does not create much excitement - it's not "Breaking News". When you really need for t

Published 23 May, 2019 12:00am

Currency

Ideas to transform Pakistan: Pakistan's charter for free enterprise

William Dalrymple's review of the most valuable corporate entity ever - the mighty East India Company (EIC) - is brilliantly insightful. It has many timeless lessons for management and history enthusiasts, particularly as to the role of enterprises in the

Published 23 May, 2019 12:00am

Exchange

When top management gets into the front office

Last Wednesday newspapers juxtaposed two stories. In one the PM met the Army Chief to discuss 'security matters'. In the other, the PM met the exchange companies to read them the riot act. The former is unsurprising; the latter mind-boggling.

Published 23 May, 2019 12:00am

Flagrant use of torture in IOK

A well-respected rights group, Jammu-Kashmir Coalition of Civil Society (JKCCS), released on Monday a damning report on human rights abuses in Occupied Kashmir, pointing out that India is using torture as a "matter of policy" and "instrument of control".

Updated 23 May, 2019 07:07am

Exchange

Fiscal operations update

Fiscal operation update uploaded on the Ministry of Finance website reveals a dismal economic performance with fiscal deficit widening to 5 percent of Gross Domestic Product (GDP) during the first nine months of 2018-19, the highest during the past 11 yea

Updated 23 May, 2019 07:06am

Farishta case: PM orders action against police officials

Prime Min-ister Imran Khan has ordered action against police officials for negligence in a case pertaining to alleged rape and murder of a 10-year old girl, Farishta, in Islamabad, according to a statement issued from his office on Wednesday.

Published 23 May, 2019 12:00am

Farishta case: PM orders action against police officials

Prime Min-ister Imran Khan has ordered action against police officials for negligence in a case pertaining to alleged rape and murder of a 10-year old girl, Farishta, in Islamabad, according to a statement issued from his office on Wednesday.

Published 23 May, 2019 12:00am

Pakistan calls for establishment of SCO development fund & bank

Pakistan has called for the establishment of SCO Development Fund as well as SCO Development Bank and emphasised on finalisation of proposals for trade in local currencies among the member states. Foreign Minister Shah Mehmood Qureshi placed these proposa

Published 23 May, 2019 12:00am

Pakistan calls for establishment of SCO development fund & bank

Pakistan has called for the establishment of SCO Development Fund as well as SCO Development Bank and emphasised on finalisation of proposals for trade in local currencies among the member states. Foreign Minister Shah Mehmood Qureshi placed these proposa

Published 23 May, 2019 12:00am

Pakistan calls for establishment of SCO development fund & bank

Pakistan has called for the establishment of SCO Development Fund as well as SCO Development Bank and emphasised on finalisation of proposals for trade in local currencies among the member states. Foreign Minister Shah Mehmood Qureshi placed these proposa

Published 23 May, 2019 12:00am

Pakistan calls for establishment of SCO development fund & bank

Pakistan has called for the establishment of SCO Development Fund as well as SCO Development Bank and emphasised on finalisation of proposals for trade in local currencies among the member states. Foreign Minister Shah Mehmood Qureshi placed these proposa

Published 23 May, 2019 12:00am

Renewable energy projects: ADB proposes partial dollar-rupee IRR

The Asian Development Bank (ADB) has proposed partial dollar-rupee Internal Rate of Return (IRR) for renewable energy projects instead of dollarized equity IRRs i.e. 50 per cent dollar rupee indexed Energy Purchase Agreements (EPAs) (equity component) rat

Published 23 May, 2019 12:00am

Renewable energy projects: ADB proposes partial dollar-rupee IRR

The Asian Development Bank (ADB) has proposed partial dollar-rupee Internal Rate of Return (IRR) for renewable energy projects instead of dollarized equity IRRs i.e. 50 per cent dollar rupee indexed Energy Purchase Agreements (EPAs) (equity component) rat

Published 23 May, 2019 12:00am

Renewable energy projects: ADB proposes partial dollar-rupee IRR

The Asian Development Bank (ADB) has proposed partial dollar-rupee Internal Rate of Return (IRR) for renewable energy projects instead of dollarized equity IRRs i.e. 50 per cent dollar rupee indexed Energy Purchase Agreements (EPAs) (equity component) rat

Published 23 May, 2019 12:00am

Exchange

Iranian FM arrives today

Iranian Foreign Minister Javad Zarif will arrive here Thursday (today) for consultations with Pakistani leadership amid rising tension between Tehran and Washington.

Published 23 May, 2019 12:00am

Exchange

Iranian FM arrives today

Iranian Foreign Minister Javad Zarif will arrive here Thursday (today) for consultations with Pakistani leadership amid rising tension between Tehran and Washington.

Published 23 May, 2019 12:00am

NAB arrests Sindh Engro Coal Mining Company chairman

The National Accountability Bureau (NAB) arrested Sindh Engro Coal Mining Company Chairman Khursheed Jamali on Wednesday. Khursheed Jamali has been accused of committing irregularities in the affairs of Sindh Transmission and Dispatch Company. He had serv

Published 23 May, 2019 12:00am

NAB arrests Sindh Engro Coal Mining Company chairman

The National Accountability Bureau (NAB) arrested Sindh Engro Coal Mining Company Chairman Khursheed Jamali on Wednesday. Khursheed Jamali has been accused of committing irregularities in the affairs of Sindh Transmission and Dispatch Company. He had serv

Published 23 May, 2019 12:00am

Indian Ocean islands: UN deals diplomatic blow to UK, US

The United Nations General Assembly overwhelmingly demanded on Wednesday that Britain give up control over the Chagos Islands in the Indian Ocean within six months, dealing a diplomatic blow to Britain and the United States.

Published 23 May, 2019 12:00am

Indian Ocean islands: UN deals diplomatic blow to UK, US

The United Nations General Assembly overwhelmingly demanded on Wednesday that Britain give up control over the Chagos Islands in the Indian Ocean within six months, dealing a diplomatic blow to Britain and the United States.

Published 23 May, 2019 12:00am

Dar had told court his tax record confiscated by NAB, ISI: Zia

Wajid Zia, key prosecution witness and head of joint investigation team (JIT) that probed the Panama Papers case Wednesday told Accountability Court that former Finance Minister Ishaq Dar stated before the JIT that Inter-Services Intelligence (ISI) and Na

Published 23 May, 2019 12:00am

Dar had told court his tax record confiscated by NAB, ISI: Zia

Wajid Zia, key prosecution witness and head of joint investigation team (JIT) that probed the Panama Papers case Wednesday told Accountability Court that former Finance Minister Ishaq Dar stated before the JIT that Inter-Services Intelligence (ISI) and Na

Published 23 May, 2019 12:00am

'No First Placement of Weapons in Outer Space' Pakistan, Russia sign joint statement

Pakistan and Russia signed a joint statement on 'No First Placement of Weapons in Outer Space' and also urged space-faring nations to follow their example. The joint statement was signed by Foreign Minister Shah Mahmood Qureshi and Foreign Minister Sergey

Published 23 May, 2019 12:00am

'No First Placement of Weapons in Outer Space' Pakistan, Russia sign joint statement

Pakistan and Russia signed a joint statement on 'No First Placement of Weapons in Outer Space' and also urged space-faring nations to follow their example. The joint statement was signed by Foreign Minister Shah Mahmood Qureshi and Foreign Minister Sergey

Published 23 May, 2019 12:00am

Gandhi says gloomy Indian exit polls 'fake'

Indian opposition leader Rahul Gandhi on Wednesday dismissed as "fake" exit polls predicting a clear election victory for Prime Minister Narendra Modi, a day before the scheduled release of results.

Published 23 May, 2019 12:00am

Gandhi says gloomy Indian exit polls 'fake'

Indian opposition leader Rahul Gandhi on Wednesday dismissed as "fake" exit polls predicting a clear election victory for Prime Minister Narendra Modi, a day before the scheduled release of results.

Published 23 May, 2019 12:00am

Exchange

Saudi Arabia will give $3.2 billion oil on deferred payment: Hafeez

Advisor to Prime Minister on Finance Dr Abdul Hafeez Shaikh has said that Saudi Arabia will provide $3.2 billion oil on deferred payment to Pakistan which will help improve the country''s balance of payment position.

Published 23 May, 2019 12:00am

Exchange

Saudi Arabia will give $3.2 billion oil on deferred payment: Hafeez

Advisor to Prime Minister on Finance Dr Abdul Hafeez Shaikh has said that Saudi Arabia will provide $3.2 billion oil on deferred payment to Pakistan which will help improve the country's balance of payment position.

Published 23 May, 2019 12:00am

Exchange

Saudi Arabia will give $3.2 billion oil on deferred payment: Hafeez

Advisor to Prime Minister on Finance Dr Abdul Hafeez Shaikh has said that Saudi Arabia will provide $3.2 billion oil on deferred payment to Pakistan which will help improve the country's balance of payment position.

Published 23 May, 2019 12:00am

The Weather

The weather report on Wednesday (May 22, 2019) and the forecast for Thursday (May 23, 2019).

Published 23 May, 2019 12:00am

Iran in complete control of waters north of Strait of Hormuz: Guards commander

A senior Iranian Revolutionary Guards commander said on Wednesday that Guards and regular Iranian military forces had complete control of Gulf waters north of the Strait of Hormuz, according to the semi-official Fars news agency. "Everything north of the

Published 23 May, 2019 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (May 22, 2019).

Published 23 May, 2019 12:00am

Graft charges: Zardari seeks more time to reply

Former President Asif Ali Zardari counsel Farooq H Naek has written a letter to National Accountability Bureau (NAB) to grant more time to Zardari to file reply in graft charges against him. Naek, Zardari's counsel and senior leader of Pakistan People Par

Published 23 May, 2019 12:00am

Exchange

LME official prices

The following were Tuesday official prices.

Published 23 May, 2019 12:00am

Asset Declaration Ordinance 2019: FBR issues declaration form

The Federal Board of Revenue (FBR) has issued the declaration form under Asset Declaration Ordinance 2019 for persons availing the Assets Declaration Scheme. According to the Declaration issued under Asset Declaration Ordinance 2019, the person availing t

Published 23 May, 2019 12:00am

Exchange

LME official prices

The following were Tuesday official prices.

Published 23 May, 2019 12:00am

Currency

Dutch bust major cryptocurrency launderer

Dutch investigators said Wednesday they have busted one of the biggest online money laundering services for cryptocurrencies worth hundreds of millions of euros a year. Tax and federal prosecution officers have confiscated six servers in the Netherlands a

Published 23 May, 2019 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (May 22, 2019).

Published 23 May, 2019 12:00am

BoI Chairman resigns

Chairman Board of Investment (BoI) Haroon Sharif has submitted his resignation to Prime Minister Imran Khan. Haroon served as BoI chairman for eight months. On September 13, 2019, the federal cabinet approved the appointment of Sharif as chairman Board of

Published 23 May, 2019 12:00am

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (May 22, 2019)

Published 23 May, 2019 12:00am

BoI Chairman resigns

Chairman Board of Investment (BoI) Haroon Sharif has submitted his resignation to Prime Minister Imran Khan. Haroon served as BoI chairman for eight months. On September 13, 2019, the federal cabinet approved the appointment of Sharif as chairman Board of

Published 23 May, 2019 12:00am

Lahore Paper Market Rates

Paper market rates in rupees on Wednesday (May 22, 2019).

Published 23 May, 2019 12:00am

BoI Chairman resigns

Chairman Board of Investment (BoI) Haroon Sharif has submitted his resignation to Prime Minister Imran Khan. Haroon served as BoI chairman for eight months. On September 13, 2019, the federal cabinet approved the appointment of Sharif as chairman Board of

Published 23 May, 2019 12:00am

Exchange

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Wednesday (May 22, 2019).

Published 23 May, 2019 12:00am

Qureshi, Sushma hold informal meeting

In a major development, Foreign Minister Shah Mehmood Qureshi on Wednesday held an informal meeting with Indian External Affairs Minister Sushma Swaraj on the sidelines of SCO Council of Foreign Ministers in Bishkek, Kyrgyzstan. According to Foreign Offic

Published 23 May, 2019 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (May 22, 2019).

Published 23 May, 2019 12:00am

Qureshi, Sushma hold informal meeting

In a major development, Foreign Minister Shah Mehmood Qureshi on Wednesday held an informal meeting with Indian External Affairs Minister Sushma Swaraj on the sidelines of SCO Council of Foreign Ministers in Bishkek, Kyrgyzstan. According to Foreign Offic

Published 23 May, 2019 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (May 22, 2019).

Published 23 May, 2019 12:00am

Exchange

KSE-100 Index shoots up by 1,195 points: BRIndex100 stages smart rally

Pakistan Stock Exchange Wednesday witnessed a bullish trend on the back of healthy buying in almost all sectors, mainly by local investors on expectations of positive impact of market support fund. BRIndex100 gained 148.61 points or 4.26 percent to close

Published 23 May, 2019 12:00am

Dollar's rate in interbank market

Interbank closing rates for dollar on Wednesday (May 22, 2019).

Published 23 May, 2019 12:00am

Exchange

KSE-100 Index shoots up by 1,195 points: BRIndex100 stages smart rally

Pakistan Stock Exchange Wednesday witnessed a bullish trend on the back of healthy buying in almost all sectors, mainly by local investors on expectations of positive impact of market support fund. BRIndex100 gained 148.61 points or 4.26 percent to close

Published 23 May, 2019 12:00am

Kerb

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Wednesday (May 22, 2019).

Published 23 May, 2019 12:00am

Exchange

KSE-100 Index shoots up by 1,195 points: BRIndex100 stages smart rally

Pakistan Stock Exchange Wednesday witnessed a bullish trend on the back of healthy buying in almost all sectors, mainly by local investors on expectations of positive impact of market support fund. BRIndex100 gained 148.61 points or 4.26 percent to close

Published 23 May, 2019 12:00am

Currency

THE RUPEE: Halts more slide

The rupee halted fresh erosion against the dollar on the local money market on Wednesday in the process of trading activity, dealers said.

Published 23 May, 2019 12:00am

Currency

Net outflows due to repayments worrisome: Hafeez

The State Bank of Pakistan''s data reveals that in April 2019 the country was subjected to net outflows of foreign currency due to repayment of debt. The current account balance improved from negative $1.24 billion in April 2019 compared to $ 2.27 billion

Published 23 May, 2019 12:00am

Currency

THE RUPEE: Halts more slide

The rupee halted fresh erosion against the dollar on the local money market on Wednesday in the process of trading activity, dealers said.

Published 23 May, 2019 12:00am

Currency

Net outflows due to repayments worrisome: Hafeez

The State Bank of Pakistan's data reveals that in April 2019 the country was subjected to net outflows of foreign currency due to repayment of debt. The current account balance improved from negative $1.24 billion in April 2019 compared to $ 2.27 billion

Published 23 May, 2019 12:00am

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Wednesday (May 22, 2019).

Published 23 May, 2019 12:00am

Currency

Net outflows due to repayments worrisome: Hafeez

The State Bank of Pakistan's data reveals that in April 2019 the country was subjected to net outflows of foreign currency due to repayment of debt. The current account balance improved from negative $1.24 billion in April 2019 compared to $ 2.27 billion

Published 23 May, 2019 12:00am

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Wednesday (May 22, 2019).

Published 23 May, 2019 12:00am

NSC supports efforts towards resolution of economic issues

The National Security Committee on Wednesday discussed geo-strategic environment with special reference to recent developments in the region and reiterated that Pakistan shall continue all its efforts towards regional peace and stability. The forum discus

Published 23 May, 2019 12:00am

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Wednesday (May 22, 2019).

Published 23 May, 2019 12:00am

NSC supports efforts towards resolution of economic issues

The National Security Committee on Wednesday discussed geo-strategic environment with special reference to recent developments in the region and reiterated that Pakistan shall continue all its efforts towards regional peace and stability. The forum discus

Published 23 May, 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 Wednesday (May 22, 2019).

Published 23 May, 2019 12:00am

NSC supports efforts towards resolution of economic issues

The National Security Committee on Wednesday discussed geo-strategic environment with special reference to recent developments in the region and reiterated that Pakistan shall continue all its efforts towards regional peace and stability. The forum discus

Published 23 May, 2019 12:00am

Member to Member

The following transactions member to member subsequently reported on Wednesday (May 22, 2019).

Published 23 May, 2019 12:00am

Al-Futtaim reluctant to invest

The current economic uncertainty and other negative macroeconomic indicators have reportedly started negatively affecting international investors. Well-informed sources in Engineering Development Board (EDB) told Business Recorder that one of the l

Published 23 May, 2019 12:00am

Mutual Funds

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Wednesday (May 22, 2019)

Published 23 May, 2019 12:00am

Al-Futtaim reluctant to invest

The current economic uncertainty and other negative macroeconomic indicators have reportedly started negatively affecting international investors. Well-informed sources in Engineering Development Board (EDB) told Business Recorder that one of the l

Published 23 May, 2019 12:00am

Mutual Funds

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Wednesday (May 22, 2019)

Published 23 May, 2019 12:00am

Al-Futtaim reluctant to invest

The current economic uncertainty and other negative macroeconomic indicators have reportedly started negatively affecting international investors. Well-informed sources in Engineering Development Board (EDB) told Business Recorder that one of the l

Published 23 May, 2019 12:00am

Mutual Funds

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Wednesday (May 22, 2019)

Published 23 May, 2019 12:00am

Exchange

Rate hike to slow credit growth: Fitch

The State Bank of Pakistan''''s (SBP) aggressive pre-emptive hike in interest rates will help to cool inflationary pressures over the coming months, and will also likely have downside effects on credit growth as well as economic activity, says Fitch Solut

Published 23 May, 2019 12:00am

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

National Clearing Company declares daily settlement information for local & foreign investors on Wednesday (May 22, 2019).

Published 23 May, 2019 12:00am

Exchange

Rate hike to slow credit growth: Fitch

The State Bank of Pakistan''s (SBP) aggressive pre-emptive hike in interest rates will help to cool inflationary pressures over the coming months, and will also likely have downside effects on credit growth as well as economic activity, says Fitch Solutio

Published 23 May, 2019 12:00am

BRIndex100 and BR Sectoral Indices

BRIndex100 and BR Sectoral Indices on Wednesday (May 22, 2019).

Published 23 May, 2019 12:00am

Exchange

Rate hike to slow credit growth: Fitch

The State Bank of Pakistan's (SBP) aggressive pre-emptive hike in interest rates will help to cool inflationary pressures over the coming months, and will also likely have downside effects on credit growth as well as economic activity, says Fitch Solution

Published 23 May, 2019 12:00am

Electronic/credit of dividend warrants/bonus/right share certificates

Electronic/credit of dividend warrants/bonus/right share certificates.

Published 23 May, 2019 12:00am

Exchange

Rate hike to slow credit growth: Fitch

The State Bank of Pakistan's (SBP) aggressive pre-emptive hike in interest rates will help to cool inflationary pressures over the coming months, and will also likely have downside effects on credit growth as well as economic activity, says Fitch Solution

Published 23 May, 2019 12:00am

Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 23 May, 2019 12:00am

Business account freeze: FBR examining options: Member

Federal Board of Revenue (FBR) Member Inland Revenue (Policy) Dr Hamid Ateeq Sarwar said on Wednesday that FBR is examining different options for freezing those business accounts, which will not be part of Active Taxpayers List (ATL). Taking to journalist

Published 23 May, 2019 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 12	278
USD PKR Interbank Buying / Nov 12	277.75
USD to Japanese Yen / Nov 12	153.83
USD to Swiss Franc / Nov 12	0.88
Pound Sterling to USD / Nov 12	1.28
Euro to USD / Nov 12	1.06

Stock	Volume
S&P 500 / Nov 11	6,001.35
Nasdaq / Nov 11	19,298.77
Dow Jones / Nov 11	44,293.13
India Sensex / Nov 12	78,930.71
Tokyo Nikkei / Nov 12	39,376.09
Hang Seng / Nov 12	19,825.28
FTSE 100 / Nov 12	8,078.78
Germany DAX 30 / Nov 12	19,259.41

Item	Value
Crude Oil USD/Barrel / Nov 12	68.03
Karachi Cotton PKR/37.32 KG / Nov 12	18,085
Gold 10 Grams PKR / Nov 12	231,911
Gold Spot USD/Ounce / Nov 12	2,600.75
Cotton US¢/pound / Nov 12	72.18
Petrol/Litre / Nov 13	248.38

Stock	Price
786 Invest Ltd / Nov 13 786 Investments Limited(786)	6.11 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 13 Al-Abbas Sugar Mills Limited(AABS)	600 ▼ 0.00 (0.00%)
Agro Allianz / Nov 13 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 13 Ali Asghar Textile Mills Limited(AATM)	66.54 ▼ 0.00 (0.00%)
Allied Bank / Nov 13 Allied Bank Limited(ABL)	116.05 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 13 Abbott Laboratories (Pakistan) Limited(ABOT)	984.72 ▼ 0.00 (0.00%)
Abson Ind. / Nov 13 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 13 Alfalah Consumer Index ETF.(ACIETF)	12.03 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 13 786 Investments Limited(786)	6.11 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 13 Al-Abbas Sugar Mills Limited(AABS)	600 ▲ 0.00 (0.00%)
Agro Allianz / Nov 13 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 13 Ali Asghar Textile Mills Limited(AATM)	66.54 ▲ 0.00 (0.00%)
Allied Bank / Nov 13 Allied Bank Limited(ABL)	116.05 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 13 Abbott Laboratories (Pakistan) Limited(ABOT)	984.72 ▲ 0.00 (0.00%)
Abson Ind. / Nov 13 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 13 Alfalah Consumer Index ETF.(ACIETF)	12.03 ▲ 0.00 (0.00%)

Stock	Volume
Cnergyico PK / Nov 13 Cnergyico PK Limited(CNERGY)	98,601,408 ▲ 0.00
Pak Elektron / Nov 13 Pak Elektron Limited(PAEL)	78,094,188 ▲ 0.00
K-Electric Ltd. / Nov 13 K-Electric Limited(KEL)	70,187,495 ▲ 0.00
WorldCall Telecom / Nov 13 Worldcall Telecom Limited(WTL)	31,959,599 ▲ 0.00
B.O.Punjab / Nov 13 The Bank of Punjab(BOP)	30,732,112 ▲ 0.00
The Searle Co. / Nov 13 The Searle Company Limited(SEARL)	25,361,739 ▲ 0.00
Citi Pharma Ltd / Nov 13 Citi Pharma Ltd.(CPHL)	22,856,315 ▲ 0.00
Sui South Gas / Nov 13 Sui Southern Gas Company Limited(SSGC)	22,691,678 ▲ 0.00
Pak Refinery / Nov 13 Pakistan Refinery Limited(PRL)	16,427,996 ▲ 0.00

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