News Archives for Print - 2019-06-12 - Business Recorder

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Print - 2019-06-12

'Filers of one territory will now be considered as filers by all three boards'

'Filers of one territory will now be considered as filers by all three boards'

The definition of 'Active Tax Payers List' (ATL) has been added into Section 2 of the Income Tax Ordinance to specify that the ATL shall be the list issued by the FBR and it also includes the one issued by Azad Jammu and Kashmir Council Board of Revenue a

Published 12 Jun, 2019 12:00am

Unregistered buyer: CNIC made mandatory to claim amount of input tax

Unregistered buyer: CNIC made mandatory to claim amount of input tax

The government has taken a key documentation measure by imposing the condition of providing CNIC on supplies to unregistered persons through an amendment proposed in section 23 with restriction of input tax placed in section 8 of the Sales Tax Act 1990.

Published 12 Jun, 2019 12:00am

Buzdar terms federal budget ''public-friendly''

Buzdar terms federal budget ''public-friendly''

Terming the federal budget 2019-20 as public friendly, Punjab chief minister Sardar Usman Buzdar extended congratulations to Prime Minister Imran Khan, Minister of State for Revenue Hammad Azher and their team for presenting a balanced budget in the diffi

Published 12 Jun, 2019 12:00am

Buzdar terms federal budget 'public-friendly'

Buzdar terms federal budget 'public-friendly'

Terming the federal budget 2019-20 as public friendly, Punjab chief minister Sardar Usman Buzdar extended congratulations to Prime Minister Imran Khan, Minister of State for Revenue Hammad Azher and their team for presenting a balanced budget in the diffi

Published 12 Jun, 2019 12:00am

Buzdar terms federal budget 'public-friendly'

Buzdar terms federal budget 'public-friendly'

Terming the federal budget 2019-20 as public friendly, Punjab chief minister Sardar Usman Buzdar extended congratulations to Prime Minister Imran Khan, Minister of State for Revenue Hammad Azher and their team for presenting a balanced budget in the diffi

Published 12 Jun, 2019 12:00am

Rs 359 billion revenue target set for oil & gas sectors

Rs 359 billion revenue target set for oil & gas sectors

The government has set a revenue target of Rs 359 billion for financial year 2019-20 - slightly higher than the revised estimates of Rs 339 billion in 2018-19. The government has set a revenue target of Rs 256 billion from petroleum levy, GIDC and natura

Published 12 Jun, 2019 12:00am

Rs 359 billion revenue target set for oil & gas sectors

Rs 359 billion revenue target set for oil & gas sectors

The government has set a revenue target of Rs 359 billion for financial year 2019-20 - slightly higher than the revised estimates of Rs 339 billion in 2018-19. The government has set a revenue target of Rs 256 billion from petroleum levy, GIDC and natura

Published 12 Jun, 2019 12:00am

Rs 850.214 billion allocated for 107 water projects

Rs 850.214 billion allocated for 107 water projects

The government has approved 107 water sector projects/ schemes both on-going and new in Public Sector Development Program 2019-20 at a cost of Rs 850.214 billion for the financial year 2019-20. According to budget documents allocation in rupee terms is

Published 12 Jun, 2019 12:00am

Rs 850.214 billion allocated for 107 water projects

Rs 850.214 billion allocated for 107 water projects

The government has approved 107 water sector projects/ schemes both on-going and new in Public Sector Development Program 2019-20 at a cost of Rs 850.214 billion for the financial year 2019-20. According to budget documents allocation in rupee terms is

Published 12 Jun, 2019 12:00am

PPP leader slams arrest of Zardari

PPP leader slams arrest of Zardari

Pakistan People's Party (PPP) Provincial leader, Nawabzada Aurangzeb Khan Hoti has flayed the arrest of former president and the party leader Asif Ali Zardari by National Accountability Bureau and accused that the ruling Pakistan Tehreek-e-Insaf (PTI) of

Published 12 Jun, 2019 12:00am

Rs 1.15 trillion earmarked for defence

Rs 1.15 trillion earmarked for defence

Defence was allocated Rs 1.15 trillion for 2019-20 against Rs 1.13 trillion in the revised estimates of 2018-19 reflecting a raise of 1.3 percent well below the projected inflation of between 11 to 13 percent next year. The Chief of Army Staff recently a

Published 12 Jun, 2019 12:00am

Rs 1.15 trillion earmarked for defence

Rs 1.15 trillion earmarked for defence

Defence was allocated Rs 1.15 trillion for 2019-20 against Rs 1.13 trillion in the revised estimates of 2018-19 reflecting a raise of 1.3 percent well below the projected inflation of between 11 to 13 percent next year. The Chief of Army Staff recently a

Published 12 Jun, 2019 12:00am

Rs 1.15 trillion earmarked for defence

Rs 1.15 trillion earmarked for defence

Defence was allocated Rs 1.15 trillion for 2019-20 against Rs 1.13 trillion in the revised estimates of 2018-19 reflecting a raise of 1.3 percent well below the projected inflation of between 11 to 13 percent next year. The Chief of Army Staff recently a

Published 12 Jun, 2019 12:00am

FPCCI body voices concern over neglecting agriculture sector

Cotton

FPCCI body voices concern over neglecting agriculture sector

FPCCI Standing Committee on Horticulture Exports' former chairman Ahmad Jawad said agriculture sector was largely ignored in the proposed budget speech of FY 2019-20. No subsidy was announced on fertiliser and pesticides, a main component of the farming s

Published 12 Jun, 2019 12:00am

FPCCI body voices concern over neglecting agriculture sector

Cotton

FPCCI body voices concern over neglecting agriculture sector

FPCCI Standing Committee on Horticulture Exports' former chairman Ahmad Jawad said agriculture sector was largely ignored in the proposed budget speech of FY 2019-20. No subsidy was announced on fertiliser and pesticides, a main component of the farming s

Published 12 Jun, 2019 12:00am

Budget termed 'positive' for capital market

Cotton

Budget termed 'positive' for capital market

Analysts termed the federal budget positive for capital market as no new tax was imposed on stocks. However, they said that the budget would be negative for textile, cement, auto and refineries sectors. They said that the measurers announced in the bud

Published 12 Jun, 2019 12:00am

Budget termed 'positive' for capital market

Cotton

Budget termed 'positive' for capital market

Analysts termed the federal budget positive for capital market as no new tax was imposed on stocks. However, they said that the budget would be negative for textile, cement, auto and refineries sectors. They said that the measurers announced in the bud

Published 12 Jun, 2019 12:00am

Nasir Rajput made director (Police Matters) OPC

Nasir Rajput made director (Police Matters) OPC

A grade 19 senior PSP officer, Nasir Mukhtar Rajput, was appointed as Director (Police Matters) in Overseas Pakistanis Commission, Punjab, on Tuesday. Prior to this posting, Rajput of 28th Common was serving as Additional Inspector General (Training) in

Published 12 Jun, 2019 12:00am

FPPCI accuses government of taxing everything through unfriendly budget

FPPCI accuses government of taxing everything through unfriendly budget

Federation of Pakistan Chamber of Commerce and Industry (FPCCI) has termed the federal budget 2019-20 unfriendly that would increase cost of doing business and smuggling. "Government taxed everything in this budget," said S.M Muneer, patron-in-chief, Uni

Published 12 Jun, 2019 12:00am

FPPCI accuses government of taxing everything through unfriendly budget

FPPCI accuses government of taxing everything through unfriendly budget

Federation of Pakistan Chamber of Commerce and Industry (FPCCI) has termed the federal budget 2019-20 unfriendly that would increase cost of doing business and smuggling. "Government taxed everything in this budget," said S.M Muneer, patron-in-chief, Uni

Published 12 Jun, 2019 12:00am

Government estimates foreign assistance at over Rs 3 trillion

Government estimates foreign assistance at over Rs 3 trillion

The government has estimated foreign assistance of Rs 3.032 trillion for 2019-20 against Rs 1.118 trillion budgeted for the current fiscal year which was later revised upward to Rs 1.403 trillion. The external resources projected for 2019-20 are higher by

Published 12 Jun, 2019 12:00am

Government estimates foreign assistance at over Rs 3 trillion

Government estimates foreign assistance at over Rs 3 trillion

The government has estimated foreign assistance of Rs 3.032 trillion for 2019-20 against Rs 1.118 trillion budgeted for the current fiscal year which was later revised upward to Rs 1.403 trillion. The external resources projected for 2019-20 are higher by

Published 12 Jun, 2019 12:00am

APTMA terms budget revenue-oriented

APTMA terms budget revenue-oriented

All Pakistan Textile Mills Association (APTMA) Acting Chairman Naveed Gulzar has termed the federal budget an effort to increase revenue by almost 40 percent owing to stringent conditions from the IMF. He said APTMA had proposed the government to bring do

Published 12 Jun, 2019 12:00am

FINANCE BILL 2019

Exchange

FINANCE BILL 2019

A BILL to give effect to the financial proposals of the Federal Government for the year beginning on the first day of July, 2019, and to amend certain laws WHEREAS it is expedient to make provisions to give effect to the financial proposals of the Federal

Published 12 Jun, 2019 12:00am

FINANCE BILL 2019

Exchange

FINANCE BILL 2019

A BILL to give effect to the financial proposals of the Federal Government for the year beginning on the first day of July, 2019, and to amend certain laws WHEREAS it is expedient to make provisions to give effect to the financial proposals of the Federal

Published 12 Jun, 2019 12:00am

LCCI terms budget 'balanced' despite economic hardships

LCCI terms budget 'balanced' despite economic hardships

The Lahore Chamber of Commerce and Industry has termed the Federal Budget 2019-20 balanced despite the economic hardships. LCCI President Almas Hyder in his reaction on the federal budget 2019-20 said that a number of proposals submitted by the LCCI have

Published 12 Jun, 2019 12:00am

LCCI terms budget 'balanced' despite economic hardships

LCCI terms budget 'balanced' despite economic hardships

The Lahore Chamber of Commerce and Industry has termed the Federal Budget 2019-20 balanced despite the economic hardships. LCCI President Almas Hyder in his reaction on the federal budget 2019-20 said that a number of proposals submitted by the LCCI have

Published 12 Jun, 2019 12:00am

Budget 2019-20: PHMA rejects 17 percent ST on five key export sectors

Exchange

Budget 2019-20: PHMA rejects 17 percent ST on five key export sectors

The Pakistan Hosiery Manufacturers Association has rejected 17 percent sales tax on export industry of textile, leather, carpet, surgical and sports in the federal budget 2019-20, expressing serious concern over the withdrawal of zero-rated facility for t

Published 12 Jun, 2019 12:00am

Budget 2019-20: PHMA rejects 17 percent ST on five key export sectors

Exchange

Budget 2019-20: PHMA rejects 17 percent ST on five key export sectors

The Pakistan Hosiery Manufacturers Association has rejected 17 percent sales tax on export industry of textile, leather, carpet, surgical and sports in the federal budget 2019-20, expressing serious concern over the withdrawal of zero-rated facility for t

Published 12 Jun, 2019 12:00am

Budget dubbed 'death of SMEs'

Exchange

Budget dubbed 'death of SMEs'

Business community engaged with five zero rated exporter sectors textile, surgical, sports goods, leather have rejected the new federal budget 2019-20 and termed it the "Death Day of SMEs". Commenting on budget Chief Coordinator Pakistan Readymade Garment

Published 12 Jun, 2019 12:00am

Budget dubbed 'death of SMEs'

Exchange

Budget dubbed 'death of SMEs'

Business community engaged with five zero rated exporter sectors textile, surgical, sports goods, leather have rejected the new federal budget 2019-20 and termed it the "Death Day of SMEs". Commenting on budget Chief Coordinator Pakistan Readymade Garment

Published 12 Jun, 2019 12:00am

ANP chief terms budget anti-people, rich-friendly

ANP chief terms budget anti-people, rich-friendly

ANP president Asfandyar Wali Khan has rejected the federal budget and termed it anti-people, anti-worker and rich-friendly, saying they were expecting the same budget from current government. In his comments on the federal budget for FY 2019-20, he said t

Published 12 Jun, 2019 12:00am

KP business community rejects federal budget

KP business community rejects federal budget

The business community of Khyber Pakhtunkhwa (KP) has rejected the federal budget for FY 2019-20 and termed it as anti-masses which will bring a tsunami of inflation after imposition of huge burden of proposed taxes on them. Speaking at a news conference,

Published 12 Jun, 2019 12:00am

KP business community rejects federal budget

KP business community rejects federal budget

The business community of Khyber Pakhtunkhwa (KP) has rejected the federal budget for FY 2019-20 and termed it as anti-masses which will bring a tsunami of inflation after imposition of huge burden of proposed taxes on them. Speaking at a news conference,

Published 12 Jun, 2019 12:00am

Budget 2019-20: allocation for education, services reduced by 20.5 percent

Budget 2019-20: allocation for education, services reduced by 20.5 percent

The government has earmarked Rs 77.262 billion for Education Affairs and Services in the federal budget for 2019-20 against the revised allocation of Rs 97.155 billion for the current fiscal year, showing a decrease of around 20.5 percent. The government

Published 12 Jun, 2019 12:00am

Budget 2019-20: allocation for education, services reduced by 20.5 percent

Budget 2019-20: allocation for education, services reduced by 20.5 percent

The government has earmarked Rs 77.262 billion for Education Affairs and Services in the federal budget for 2019-20 against the revised allocation of Rs 97.155 billion for the current fiscal year, showing a decrease of around 20.5 percent. The government

Published 12 Jun, 2019 12:00am

SALIENT FEATURES

Cotton

SALIENT FEATURES

CUSTOMS - BUDGET FY 2019-20

Published 12 Jun, 2019 12:00am

SALIENT FEATURES

Cotton

SALIENT FEATURES

CUSTOMS - BUDGET FY 2019-20

Published 12 Jun, 2019 12:00am

Marryam blasts Imran, NAB over Hamza's arrest

Marryam blasts Imran, NAB over Hamza's arrest

Pakistan Muslim League-Nawaz(PML-N) vice president Marryam Nawaz on Tuesday lashed out at the PTI government over the arrest of the Punjab Assembly's opposition leader Hamza Shehbaz saying the NAB, which she said, is dancing to the tunes of "the puppet" P

Published 12 Jun, 2019 12:00am

Zero-rated regime: business community seeks PM's intervention

Exchange

Zero-rated regime: business community seeks PM's intervention

Pakistan Readymade Garments Manufacturers and Exporters Associations (PRGMEA) chief coordinator Ijaz A Khokhar has urged upon the government to refrain from abolishing zero-rated regime for the larger national interests and for increase in exports of the

Published 12 Jun, 2019 12:00am

PML-N slams PTI government, NAB over Hamza's arrest

PML-N slams PTI government, NAB over Hamza's arrest

The Pakistan Muslim League-Nawaz (PML-N) has taken strong exception over the arrest of Opposition Leader in the Punjab Assembly Hamza Shahbaz and slammed the ruling PTI government as well as NAB. A group of the PML-N activists staged a demonstration near

Published 12 Jun, 2019 12:00am

Punjab to present balanced budget: minister

Punjab to present balanced budget: minister

Punjab Finance Minister Makhdoom Hashim Jawan Bakht has said that focus of provincial budget 2019-20 is human development, promotion of trade, industry, agriculture and greater allocations for social sectors. "Punjab Budget would be balanced despite econo

Published 12 Jun, 2019 12:00am

Cricket World Cup 2019: Coca-Cola Pakistan launches 'Hum Aik Hain'

Cricket World Cup 2019: Coca-Cola Pakistan launches 'Hum Aik Hain'

Celebrating Pakistan and cricket the Coca-Cola way, the Coca-Cola Company, Pakistan launched "Hum Aik Hain", its official anthem for the Cricket World Cup 2019. The anthem is a journey through the various regions of Pakistan from Khyber to Karachi, travel

Published 12 Jun, 2019 12:00am

PPP-Punjab to protest against Zardari's arrest

PPP-Punjab to protest against Zardari's arrest

The Pakistan People's Party (PPP) Punjab has decided to hold protests throughout the province against arrest of Asif Zardari by the National Accountability Bureau (NAB). It may be noted that the PPP Punjab executive committee was due to meet Tuesday at th

Published 12 Jun, 2019 12:00am

Efforts afoot to do away with menace of child labour: Buzdar

Efforts afoot to do away with menace of child labour: Buzdar

Punjab Chief Minister Sardar Usman Buzdar on Tuesday said that the Punjab government is taking comprehensive steps through effective legislation to overcome the menace of child labour in the province. In his message on World Day against Child Labour, he a

Published 12 Jun, 2019 12:00am

LGH's paediatric unit-II opens

LGH's paediatric unit-II opens

Provincial minister for health Dr Yasmin Rashid has inaugurated a state-of-the-art Paediatric Unit-II here at Lahore General Hospital (LGH). The minister also inaugurated 15-bed private room ward. She disclosed that Rs 2000 will be charged from paying pat

Published 12 Jun, 2019 12:00am

Haleeb Foods celebrates Eid with Rizq Foundation

Haleeb Foods celebrates Eid with Rizq Foundation

Haleeb Foods one of the leading food and beverages companies of Pakistan joined hands with Rizq Foundation this Eid to spread happiness and play its part towards a Hunger Free Pakistan. Under this initiative Haleeb Foods donated 12,000 packs of its most n

Published 12 Jun, 2019 12:00am

Punjab government to monitor uplift projects

Punjab government to monitor uplift projects

The PTI-led Punjab government has decided monitoring of development projects, to ensure transparency and correct utilization of funds in the province. In this regard, Chief Minister's Inspection Team (CMIT), Anti-Corruption Establishment (ACE) and other d

Published 12 Jun, 2019 12:00am

The Weather

The Weather

The weather report on Tuesday (June 11, 2019) and the forecast for Wednesday (June 12, 2019).

Published 12 Jun, 2019 12:00am

HEC's junior officers accused of interfering in government universities

HEC's junior officers accused of interfering in government universities

Undue interference by junior officers deputed in the Higher Education Department Punjab from college cadre in administrative matters of public sector universities and colleges is increasing day by day. Well informed sources told Business Recorder t

Published 12 Jun, 2019 12:00am

Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (June 11, 2019).

Published 12 Jun, 2019 12:00am

PSQCA prepares plan to eradicate substandard cosmetics

PSQCA prepares plan to eradicate substandard cosmetics

Pakistan Standards & Quality Control Authority (PSQCA) has prepared a comprehensive plan to eradicate substandard, illegal and harmful cosmetics from markets, and started open market sampling. According to a spokesman for the PSQCA, on special directions

Published 12 Jun, 2019 12:00am

LME official prices

Exchange

LME official prices

The following were Monday official prices.

Published 12 Jun, 2019 12:00am

Partly Facetious: Who got upstaged yet again?

Partly Facetious: Who got upstaged yet again?

"Hafeez Sheikh got upstaged yet again!"

Published 12 Jun, 2019 12:00am

LME official prices

Exchange

LME official prices

The following were Monday official prices.

Published 12 Jun, 2019 12:00am

Pesco commences routine loadshedding in KP

Pesco commences routine loadshedding in KP

Peshawar Electric Supply Company (Pesco) has commenced the routine load management in Khyber Pakhtunkhwa, like in the other parts of the country. In a press statement issued by Pesco here on Tuesday stated that due to hard work of Pesco staff and officers

Published 12 Jun, 2019 12:00am

Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (June 11, 2019).

Published 12 Jun, 2019 12:00am

Reference against Justice Isa: SCBA secretary distances himself from SCBA president's stance

Reference against Justice Isa: SCBA secretary distances himself from SCBA president's stance

Supreme Court Bar Association's (SCBA) Secretary Azmatullah Chaudhry on Tuesday distanced himself from the stance taken by President SCBA Amanullah Kanrani on a reference against Justice Qazi Faez Isa.

Published 12 Jun, 2019 12:00am

Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (June 11, 2019)

Published 12 Jun, 2019 12:00am

Decision to exempt rare disease's drugs from duty hailed

Decision to exempt rare disease's drugs from duty hailed

Pharmaceutical industry hailed the government decision to exempt some rare disease medicines from customs duty. Former chairman Pakistan Pharmaceutical Manufactures' Association (PPMA) Dr Kaiser Waheed said it would encourage the sector to produce vaccine

Published 12 Jun, 2019 12:00am

Lahore Paper Market Rates

Lahore Paper Market Rates

Paper market rates in rupees on Tuesday (June 11, 2019).

Published 12 Jun, 2019 12:00am

CS orders repair of animal enclosures

CS orders repair of animal enclosures

Punjab Chief Secretary Yousaf Naseem Khokhar on Tuesday sought a report from the secretary forest, wildlife and fisheries about dilapidated condition of some animal enclosures in Jallo Wildlife Park. Taking notice of social media reports about poor condit

Published 12 Jun, 2019 12:00am

Pakistan Mercantile Exchange - PMEX

Exchange

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Tuesday (June 11, 2019).

Published 12 Jun, 2019 12:00am

KPT handles deepest draught vessel

KPT handles deepest draught vessel

Karachi Port Trust (KPT) handled a deepest draught vessel of 15.4 meters for the first time at deep draught berths of South Wharf (SAPTL). The handling of this Singaporean flag vessel 'APL CHONGQING' has taken place at South Asia Pakistan Terminal under t

Published 12 Jun, 2019 12:00am

Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (June 11, 2019).

Published 12 Jun, 2019 12:00am

PSP chief Kamal reacts over Altaf's arrest

PSP chief Kamal reacts over Altaf's arrest

Former leader of Muttahida Quami Movement Mustafa Kamal termed the arrest of MQM's founder, in London, 'karma'. While giving his reaction on the arrest of Altaf Hussain, the chairman of Pak Sarzameen Party (PSP) said on Tuesday that whatever was happening

Published 12 Jun, 2019 12:00am

Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (June 11, 2019).

Published 12 Jun, 2019 12:00am

Seven killed, several injured in coach-truck collision at Hub

Seven killed, several injured in coach-truck collision at Hub

At least seven people died and several others injured in collision between a passenger coach and a truck here on Tuesday. Police said that a Karachi bound passenger coach coming from Quetta collided head-on with truck in Hub, district Lasbela due to over

Published 12 Jun, 2019 12:00am

Dollar's rate in interbank market

Dollar's rate in interbank market

Interbank closing rates for dollar on Tuesday (June 11, 2019).

Published 12 Jun, 2019 12:00am

KCR may become operational during current year: CS

KCR may become operational during current year: CS

Mumtaz Ali Shah Chief Secretary Sindh has said Karachi Circular Railway (KCR) and Green Line Bus projects are expected to be operational in current calendar year. Speaking at a meeting held at FPCCI here, he said that Sindh government with the support of

Published 12 Jun, 2019 12:00am

Kerb buying and selling rate of US dollar

Kerb

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Tuesday (June 11, 2019).

Published 12 Jun, 2019 12:00am

Tropical cyclone 'VAYU' may unleash widespread rainfall in Sindh

Tropical cyclone 'VAYU' may unleash widespread rainfall in Sindh

The swirling tropical cyclone storm-'Vayu' is likely to unleash widespread windstorm with heavy rainfall in Sindh on Thursday and Friday, the Met Office said on Tuesday. The Sindh fishermen should avoid voyages into the deep sea from Wednesday evening unt

Published 12 Jun, 2019 12:00am

THE RUPEE: dollar soars

Currency

THE RUPEE: dollar soars

The dollar maintained upward march against the rupee on the money market on Tuesday in the process of trading activity, marketmen said. They said it's very interesting to note that how the dollar performs after the announcement of the Federal Budget 2019-

Published 12 Jun, 2019 12:00am

Textile sector jettisons abolishment of zero-rating status

Textile sector jettisons abolishment of zero-rating status

Textile sector on Tuesday called the proposal in the fiscal budget 2019-20 for abolishment of zero-rating status disastrous for the leather, surgical, sports goods and carpet and garments sectors. Exporters reacted to the budget sharply, saying that it wa

Published 12 Jun, 2019 12:00am

THE RUPEE: dollar soars

Currency

THE RUPEE: dollar soars

The dollar maintained upward march against the rupee on the money market on Tuesday in the process of trading activity, marketmen said. They said it's very interesting to note that how the dollar performs after the announcement of the Federal Budget 2019-

Published 12 Jun, 2019 12:00am

Baba Guru Nanak University: Sikh scholars to be included in BoGs

Baba Guru Nanak University: Sikh scholars to be included in BoGs

Sikh scholars would be included in the Board of Governors (BoGs) of Baba Guru Nanak University, which will have autonomous status to large extent and also meet the international standard. The Governor Punjab Ch. Muhammad Sarwar chaired a meeting of the Co

Published 12 Jun, 2019 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (June 11, 2019).

Published 12 Jun, 2019 12:00am

HCCI chief for broadening of tax net

HCCI chief for broadening of tax net

President Hyderabad chamber of Commerce and Industry Muhammad Saleem Shaikh has emphasized the need for enhancing the tax net in order to achieve the revenue collection targets, adding that increase in sales and federal excise duty in the Budget 2019-2020

Published 12 Jun, 2019 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (June 11, 2019).

Published 12 Jun, 2019 12:00am

Railways urged to cancel leases of commercial entities across KCR

Railways urged to cancel leases of commercial entities across KCR

Commissioner Karachi Iftikhar Shallwani on Tuesday urged Pakistan Railways (PR) to immediately cancel leases of all commercial entities including fuel pumps, factories and workshops along Karachi Circular Railway (KCR) to help reviving the long-delayed pu

Published 12 Jun, 2019 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (June 11, 2019).

Published 12 Jun, 2019 12:00am

Rs 12.5 billion allocated for Ministry of National Food Security & Research

Rs 12.5 billion allocated for Ministry of National Food Security & Research

The government has allocated Rs 12.5 billion for Ministry of National Food Security and Research (MNFS&R) in the annual budget for the fiscal year 2019-20 under Public Sector Development Programme (PSDP) compared to Rs 1.8 billion in the fiscal year 2018-

Published 12 Jun, 2019 12:00am

Cross Transactions between Client to Client & Financial Institutions

Cross Transactions between Client to Client & Financial Institutions

The following were the cross transactions between client to client & financial institutions here on Tuesday (June 11, 2019).

Published 12 Jun, 2019 12:00am

Special law for non-filers on the anvil

Special law for non-filers on the anvil

The Federal Board of Revenue (FBR) has introduced special provisions for persons not appearing on Active Taxpayers List (ATL) through Finance Bill 2019 and abolished the term of non-filer from the statute. Presently, the law provides for the concept of a

Published 12 Jun, 2019 12:00am

Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (June 11, 2019).

Published 12 Jun, 2019 12:00am

Five export-oriented sectors: sales tax zero-rating regime abolished

Cotton

Five export-oriented sectors: sales tax zero-rating regime abolished

The government Tuesday abolished sales tax zero-rating regime for five export-oriented sectors i.e. textile, leather, carpets, sports goods and surgical goods and imposed 17 percent sales tax on items covered under SRO 1125(I)/2011.

Published 12 Jun, 2019 12:00am

Mutual Funds Association of Pakistan

Mutual Funds

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Tuesday (June 11, 2019)

Published 12 Jun, 2019 12:00am

Power sector gets Rs 418 billion under PSDP

Power sector gets Rs 418 billion under PSDP

The government has allocated Rs 418 billion for power sector for CDWP-approved, unapproved and under-process projects under the Public Sector Development Programme (PSDP) 2019-20. The key project included in the PSDP is 500 kV HVDC transmission system bet

Published 12 Jun, 2019 12:00am

Mutual Funds Association of Pakistan

Mutual Funds

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Tuesday (June 11, 2019)

Published 12 Jun, 2019 12:00am

Government sets Rs 150 billion target through proceeds of privatisation

Government sets Rs 150 billion target through proceeds of privatisation

The federal government has set a target of Rs 150 billion from privatisation proceeds in 2019-20. The Cabinet Committee on Privatisation (CCoP) on October 31, 2018 approved new privatisation plan for 64 state-owned entities to be privatised in five years

Published 12 Jun, 2019 12:00am

Mutual Funds Association of Pakistan

Mutual Funds

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Tuesday (June 11, 2019)

Published 12 Jun, 2019 12:00am

Rs 1340.225 million earmarked for L&JD

Rs 1340.225 million earmarked for L&JD

The Law and Justice Division (L&JD) has been allocated Rs 1,340.225 million for ongoing and new schemes for the FY 2019-20. The allocations for different ongoing projects included automation of federal court located at Federal Courts Complex, Islamabad, R

Published 12 Jun, 2019 12:00am

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

National Clearing Company declares daily settlement information for local & foreign investors on Tuesday (June 11, 2019).

Published 12 Jun, 2019 12:00am

Finance Bill 2019 presented in Senate

Finance Bill 2019 presented in Senate

Amidst opposition's shouts, the Pakistan Tehreek-e-Insaf (PTI) government on Tuesday presented a copy of the Finance Bill 2019 in the Senate as the opposition senators chanted anti-government slogans in a bid to disrupt the proceedings of the Upper House

Published 12 Jun, 2019 12:00am

BRIndex100 and BR Sectoral Indices

BRIndex100 and BR Sectoral Indices

BRIndex100 and BR Sectoral Indices on Tuesday (June 11, 2019).

Published 12 Jun, 2019 12:00am

Setting up of three new industrial estates in KP discussed

Setting up of three new industrial estates in KP discussed

A meeting held here on Tuesday with Managing Director (MD) Small Industries Development Board (SIDB) discussed the establishment of new industrial estates in Khyber Pakhtunkhwa. Those who attended were included Director Finance, SIDB, Manwar Khan, Deputy

Published 12 Jun, 2019 12:00am

BOARD MEETINGS

Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 12 Jun, 2019 12:00am

Japanese envoy calls on Omar Ayub

Japanese envoy calls on Omar Ayub

Kuninori Matsuda, Japanese Ambassador to Pakistan called on Federal Minister for Power and Petroleum Omar Ayub Khan on Tuesday. During the meeting matters related to mutual cooperation between the two countries especially in the energy sector were discuss

Published 12 Jun, 2019 12:00am

Dividend/Bonus Announcements

Exchange

Dividend/Bonus Announcements

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

Published 12 Jun, 2019 12:00am

Agriculture sector ignored in federal budget: farmers

Agriculture sector ignored in federal budget: farmers

Representatives of different farmers' organizations have said that the agriculture sector has been completely neglected in the proposed budget for 2019-20. The Kissan Board Pakistan (KBP) has announced to participate in Jamaat-e-Islami rally convened on J

Published 12 Jun, 2019 12:00am

Previous Day

Forex
World
Commodity

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

Gainers
Losers
Leaders

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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