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Print - 2019-06-13
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 13 Jun, 2019 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (June 12, 2019).

Published 13 Jun, 2019 12:00am
THE RUPEE: slight fall
Currency

THE RUPEE: slight fall

The rupee halted sharp decline against the dollar on the money market on Wednesday in the process of trading activity, marketmen said.
Published 13 Jun, 2019 12:00am
THE RUPEE: slight fall
Currency

THE RUPEE: slight fall

The rupee halted sharp decline against the dollar on the money market on Wednesday in the process of trading activity, marketmen said.
Published 13 Jun, 2019 12:00am
16 KP tribal districts: polling deferred till July 20

16 KP tribal districts: polling deferred till July 20

Election Commission of Pakistan (ECP) on Wednesday revised election schedule for 16 seats in newly merged districts of erstwhile Federally Administered Tribal Areas (Fata) in Khyber Pakhtunkhwa provincial assembly where polls would now be held on July 20
Published 13 Jun, 2019 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (June 12, 2019).

Published 13 Jun, 2019 12:00am
16 KP tribal districts: polling deferred till July 20

16 KP tribal districts: polling deferred till July 20

Election Commission of Pakistan (ECP) on Wednesday revised election schedule for 16 seats in newly merged districts of erstwhile Federally Administered Tribal Areas (Fata) in Khyber Pakhtunkhwa provincial assembly where polls would now be held on July 20
Published 13 Jun, 2019 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (June 12, 2019).

Published 13 Jun, 2019 12:00am
Revenue collection: Government says it's challenging target

Revenue collection: Government says it's challenging target

The government on Wednesday gave a clear message to the rich to be fair to the country and pay due taxes as there would be no compromise on tax collection. Addressing a post-budget press conference along with Minister for Planning Makhdoom Khusro Bakhtiar
Published 13 Jun, 2019 12:00am
Revenue collection: Government says it's challenging target

Revenue collection: Government says it's challenging target

The government on Wednesday gave a clear message to the rich to be fair to the country and pay due taxes as there would be no compromise on tax collection. Addressing a post-budget press conference along with Minister for Planning Makhdoom Khusro Bakhtiar
Published 13 Jun, 2019 12:00am
Revenue collection: Government says it''s challenging target

Revenue collection: Government says it''s challenging target

The government on Wednesday gave a clear message to the rich to be fair to the country and pay due taxes as there would be no compromise on tax collection. Addressing a post-budget press conference along with Minister for Planning Makhdoom Khusro Bakhtiar
Published 13 Jun, 2019 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (June 12, 2019)

Published 13 Jun, 2019 12:00am
Time for nation to stop glorifying money launderers: PM

Time for nation to stop glorifying money launderers: PM

Prime Minister Imran Khan on Wednesday called upon the nation to end the practice of glorifying money launderers, who were seeking refuge behind democracy. The prime minister said these money launderers had incurred immense damage to the nation and had le
Published 13 Jun, 2019 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (June 12, 2019).

Published 13 Jun, 2019 12:00am
Time for nation to stop glorifying money launderers: PM

Time for nation to stop glorifying money launderers: PM

Prime Minister Imran Khan on Wednesday called upon the nation to end the practice of glorifying money launderers, who were seeking refuge behind democracy. The prime minister said these money launderers had incurred immense damage to the nation and had le
Published 13 Jun, 2019 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (June 12, 2019).

Published 13 Jun, 2019 12:00am
The Weather

The Weather

The weather report on Wednesday (June 12, 2019) and the forecast for Thursday (June 13, 2019).

Published 13 Jun, 2019 12:00am
FBR seeks power to name offshore evaders

FBR seeks power to name offshore evaders

The Federal Board of Revenue (FBR) has sought powers under the Finance Bill 2019 to publish names of offshore evaders, in the print and electronic media who have evaded offshore tax equal to or exceeding Rs 2.5 million. Under the Finance Bill 2019, the FB
Published 13 Jun, 2019 12:00am
FBR seeks power to name offshore evaders

FBR seeks power to name offshore evaders

The Federal Board of Revenue (FBR) has sought powers under the Finance Bill 2019 to publish names of offshore evaders, in the print and electronic media who have evaded offshore tax equal to or exceeding Rs 2.5 million. Under the Finance Bill 2019, the FB
Published 13 Jun, 2019 12:00am
FBR seeks power to name offshore evaders

FBR seeks power to name offshore evaders

The Federal Board of Revenue (FBR) has sought powers under the Finance Bill 2019 to publish names of offshore evaders, in the print and electronic media who have evaded offshore tax equal to or exceeding Rs 2.5 million. Under the Finance Bill 2019, the FB
Published 13 Jun, 2019 12:00am
KSE-100 index surges by 278.08 points: BRIndex100 extends gains
Exchange

KSE-100 index surges by 278.08 points: BRIndex100 extends gains

On the back of healthy buying in various sectors, Pakistan Stock Exchange Wednesday witnessed a bullish trend a day after the announcement of the federal budget. BRIndex100 gained 39.26 points or 1.09 percent to close at 3,657.27 points. BRIndex100 touche
Published 13 Jun, 2019 12:00am
Commanders take stock of situation

Commanders take stock of situation

Two-day-long Annual Formation Commanders' Conference presided over by General Qamar Javed Bajwa, Chief of Army Staff (CoAS) held at GHQ. Forum reviewed geo-strategic and national security environment. Internal security landscape of the country, challenges
Published 13 Jun, 2019 12:00am
Commanders take stock of situation

Commanders take stock of situation

Two-day-long Annual Formation Commanders' Conference presided over by General Qamar Javed Bajwa, Chief of Army Staff (CoAS) held at GHQ. Forum reviewed geo-strategic and national security environment. Internal security landscape of the country, challenges
Published 13 Jun, 2019 12:00am
PM leaves for Bishkek today
Exchange

PM leaves for Bishkek today

Prime Minister Imran Khan will leave for Bishkek, Kyrgyzstan on Thursday (today) to attend the 19th meeting of the Council of heads of state (CHS) of Shanghai Cooperation Organization (SCO) scheduled for June 13-14 2019, Foreign Office said.
Published 13 Jun, 2019 12:00am
PM leaves for Bishkek today
Exchange

PM leaves for Bishkek today

Prime Minister Imran Khan will leave for Bishkek, Kyrgyzstan on Thursday (today) to attend the 19th meeting of the Council of heads of state (CHS) of Shanghai Cooperation Organization (SCO) scheduled for June 13-14 2019, Foreign Office said.
Published 13 Jun, 2019 12:00am
Amnesty slams detention law in IoK

Amnesty slams detention law in IoK

Laws in Indian-occupied Kashmir allowing imprisonment for up to two years without charge or trial violate national and global justice, Amnesty International said Wednesday. Since an anti-India Insurgency erupted in the heavily militarised territory three
Published 13 Jun, 2019 12:00am
Amnesty slams detention law in IoK

Amnesty slams detention law in IoK

Laws in Indian-occupied Kashmir allowing imprisonment for up to two years without charge or trial violate national and global justice, Amnesty International said Wednesday. Since an anti-India Insurgency erupted in the heavily militarised territory three
Published 13 Jun, 2019 12:00am
Three Indian soldiers killed, one fighter martyred

Three Indian soldiers killed, one fighter martyred

At least three paramilitary soldiers were killed and an equal number injured Wednesday when suspected freedom fighters launched an attack on a key highway in Indian-occupied Kashmir, officials said. Sanjay Sharma, spokesman for India's paramilitary Centra
Published 13 Jun, 2019 12:00am
Three Indian soldiers killed, one fighter martyred

Three Indian soldiers killed, one fighter martyred

At least three paramilitary soldiers were killed and an equal number injured Wednesday when suspected freedom fighters launched an attack on a key highway in Indian-occupied Kashmir, officials said. Sanjay Sharma, spokesman for India's paramilitary Centra
Published 13 Jun, 2019 12:00am
Treason case: Musharraf loses defence right unless surrenders

Treason case: Musharraf loses defence right unless surrenders

Special Court on Wednesday stopped advocate Salman Safdar from defending former President General Pervez Musharraf (retd) in high treason case and directed Ministry of Law and Justice to send a panel of lawyers so it could appoint one to defend ex-army ch
Published 13 Jun, 2019 12:00am
Treason case: Musharraf loses defence right unless surrenders

Treason case: Musharraf loses defence right unless surrenders

Special Court on Wednesday stopped advocate Salman Safdar from defending former President General Pervez Musharraf (retd) in high treason case and directed Ministry of Law and Justice to send a panel of lawyers so it could appoint one to defend ex-army ch
Published 13 Jun, 2019 12:00am
Altaf released on bail

Altaf released on bail

Muttahida Qaumi Movement (MQM) founder Altaf Hussain was released on Wednesday after he was granted bail in hate speech case against him. Altaf, who is a citizen of England is said to have refused to answer questions asked during inquiry by the officials
Published 13 Jun, 2019 12:00am
Altaf released on bail

Altaf released on bail

Muttahida Qaumi Movement (MQM) founder Altaf Hussain was released on Wednesday after he was granted bail in hate speech case against him. Altaf, who is a citizen of England is said to have refused to answer questions asked during inquiry by the officials
Published 13 Jun, 2019 12:00am
Indian police raid IS cell with links to Sri Lanka bombing mastermind

Indian police raid IS cell with links to Sri Lanka bombing mastermind

Indian police raided seven locations in the southern city of Coimbatore on Wednesday in pursuit of a suspected Islamic State cell with links to the suicide bombers who killed over 250 people in Sri Lanka in April, officials said. The National Investigatio
Published 13 Jun, 2019 12:00am
Indian police raid IS cell with links to Sri Lanka bombing mastermind

Indian police raid IS cell with links to Sri Lanka bombing mastermind

Indian police raided seven locations in the southern city of Coimbatore on Wednesday in pursuit of a suspected Islamic State cell with links to the suicide bombers who killed over 250 people in Sri Lanka in April, officials said. The National Investigatio
Published 13 Jun, 2019 12:00am
Real estate deals: purchase of property only through banking channel

Real estate deals: purchase of property only through banking channel

To document buying and selling of immovable properties, the government has made it mandatory for persons to purchase assets through banking channel under the Finance Bill 2019. This major measure has been introduced through Finance Bill 2019 issued here o
Published 13 Jun, 2019 12:00am
Real estate deals: purchase of property only through banking channel

Real estate deals: purchase of property only through banking channel

To document buying and selling of immovable properties, the government has made it mandatory for persons to purchase assets through banking channel under the Finance Bill 2019. This major measure has been introduced through Finance Bill 2019 issued here o
Published 13 Jun, 2019 12:00am
Real estate deals: purchase of property only through banking channel

Real estate deals: purchase of property only through banking channel

To document buying and selling of immovable properties, the government has made it mandatory for persons to purchase assets through banking channel under the Finance Bill 2019. This major measure has been introduced through Finance Bill 2019 issued here o
Published 13 Jun, 2019 12:00am
School fees: SC judgement announced

School fees: SC judgement announced

The Supreme Court on Wednesday declared that its order for reduction of fees by 20 percent ceased to be effective, subject to recalculation of fee by using the fee prevailing in 2017 as the base fee. The schools shall not recover any arrears on account of
Published 13 Jun, 2019 12:00am
School fees: SC judgement announced

School fees: SC judgement announced

The Supreme Court on Wednesday declared that its order for reduction of fees by 20 percent ceased to be effective, subject to recalculation of fee by using the fee prevailing in 2017 as the base fee. The schools shall not recover any arrears on account of
Published 13 Jun, 2019 12:00am
Blasphemous materials on social media: IHC asks FIA, PTA to take action

Blasphemous materials on social media: IHC asks FIA, PTA to take action

The Islamabad High Court (IHC) on Wednesday directed Federal Investigation Agency (FIA) and Pakistan Telecommunic-ation Authority (PTA) to take action against people involved in uploading blasphemous materials on social media. A divisional bench of the IH
Published 13 Jun, 2019 12:00am
Blasphemous materials on social media: IHC asks FIA, PTA to take action

Blasphemous materials on social media: IHC asks FIA, PTA to take action

The Islamabad High Court (IHC) on Wednesday directed Federal Investigation Agency (FIA) and Pakistan Telecommunic-ation Authority (PTA) to take action against people involved in uploading blasphemous materials on social media. A divisional bench of the IH
Published 13 Jun, 2019 12:00am
Rafiq given additional charge of PSX CEO
Exchange

Rafiq given additional charge of PSX CEO

Muhammad Rafiq Umer, current Company Secretary and Head of Legal Affairs, has been given additional charge of acting Chief Executive Officer (CEO) of the Pakistan Stock Exchange (PSX) with effect from June 12, 2019. The decision was taken on the recommend
Published 13 Jun, 2019 12:00am
Rafiq given additional charge of PSX CEO
Exchange

Rafiq given additional charge of PSX CEO

Muhammad Rafiq Umer, current Company Secretary and Head of Legal Affairs, has been given additional charge of acting Chief Executive Officer (CEO) of the Pakistan Stock Exchange (PSX) with effect from June 12, 2019. The decision was taken on the recommend
Published 13 Jun, 2019 12:00am
Rafiq given additional charge of PSX CEO
Exchange

Rafiq given additional charge of PSX CEO

Muhammad Rafiq Umer, current Company Secretary and Head of Legal Affairs, has been given additional charge of acting Chief Executive Officer (CEO) of the Pakistan Stock Exchange (PSX) with effect from June 12, 2019. The decision was taken on the recommend
Published 13 Jun, 2019 12:00am
Yemen rebels hit Saudi airport, coalition vows action

Yemen rebels hit Saudi airport, coalition vows action

A Yemeni rebel missile attack on an airport in southwestern Saudi Arabia wounded 26 civilians on Wednesday, drawing promises of "stern action" from the Saudi-led coalition fighting the rebels. Yemen's Huthi rebels, who have faced persistent coalition bomb
Published 13 Jun, 2019 12:00am
Yemen rebels hit Saudi airport, coalition vows action

Yemen rebels hit Saudi airport, coalition vows action

A Yemeni rebel missile attack on an airport in southwestern Saudi Arabia wounded 26 civilians on Wednesday, drawing promises of "stern action" from the Saudi-led coalition fighting the rebels. Yemen's Huthi rebels, who have faced persistent coalition bomb
Published 13 Jun, 2019 12:00am
PPP seeks to block passage of FY20 budget

PPP seeks to block passage of FY20 budget

Pakistan People's Party (PPP) has termed the federal budget-2019-20 presented by Pakistan Tehreek-e-Insaf (PTI) anti-poor and decided to block it in Parliament. PPP leader Qamar Zaman Kaira expressed these views during a press conference held here at the
Published 13 Jun, 2019 12:00am
PPP seeks to block passage of FY20 budget

PPP seeks to block passage of FY20 budget

Pakistan People's Party (PPP) has termed the federal budget-2019-20 presented by Pakistan Tehreek-e-Insaf (PTI) anti-poor and decided to block it in Parliament. PPP leader Qamar Zaman Kaira expressed these views during a press conference held here at the
Published 13 Jun, 2019 12:00am
Modi to skip Pakistan's airspace

Modi to skip Pakistan's airspace

Hours after Pakistan gave flight clearance to Indian Prime Minister Narendra Modi's plane to fly over the country's airspace en route to Bishkek to attend the Shanghai Cooperation Organization (SCO) summit Thursday, India announced that Modi's plane will
Published 13 Jun, 2019 12:00am
Modi to skip Pakistan's airspace

Modi to skip Pakistan's airspace

Hours after Pakistan gave flight clearance to Indian Prime Minister Narendra Modi's plane to fly over the country's airspace en route to Bishkek to attend the Shanghai Cooperation Organization (SCO) summit Thursday, India announced that Modi's plane will
Published 13 Jun, 2019 12:00am
There are 21 ongoing CPEC projects: Yao
Exchange

There are 21 ongoing CPEC projects: Yao

Chinese Ambassador to Pakistan Yao Jing on Wednesday said that his country is only charging 2-2.5 percent on government-to-government loans with a repayment term that goes into a long tenor. Talking to Sherry Rehman, PPP's parliamentary leader, at her cha
Published 13 Jun, 2019 12:00am
There are 21 ongoing CPEC projects: Yao
Exchange

There are 21 ongoing CPEC projects: Yao

Chinese Ambassador to Pakistan Yao Jing on Wednesday said that his country is only charging 2-2.5 percent on government-to-government loans with a repayment term that goes into a long tenor. Talking to Sherry Rehman, PPP's parliamentary leader, at her cha
Published 13 Jun, 2019 12:00am
There are 21 ongoing CPEC projects: Yao
Exchange

There are 21 ongoing CPEC projects: Yao

Chinese Ambassador to Pakistan Yao Jing on Wednesday said that his country is only charging 2-2.5 percent on government-to-government loans with a repayment term that goes into a long tenor. Talking to Sherry Rehman, PPP''s parliamentary leader, at her ch
Published 13 Jun, 2019 12:00am
Love-struck Indian jailed for life over mock hijack

Love-struck Indian jailed for life over mock hijack

A businessman who mockingly threatened to hijack a plane to persuade his lover to quit her airline job and settle with him has been sentenced to life by an Indian anti-terrorism court. The court in Ahmedabad found Birju Salla guilty Tuesday of planting a
Published 13 Jun, 2019 12:00am
Love-struck Indian jailed for life over mock hijack

Love-struck Indian jailed for life over mock hijack

A businessman who mockingly threatened to hijack a plane to persuade his lover to quit her airline job and settle with him has been sentenced to life by an Indian anti-terrorism court. The court in Ahmedabad found Birju Salla guilty Tuesday of planting a
Published 13 Jun, 2019 12:00am
Questioning US dominance
Exchange

Questioning US dominance

Some of the countries like Russia, China and a few members of the EU have, of late, started raising questions over growing US dominance in the global economic order. Speaking in front of business and political leaders at the annual Saint Petersburg Intern
Updated 14 Jun, 2019 06:26am
Zardari's detention

Zardari's detention

PPP leader and former president Asif Ali Zardari is no stranger, as he himself has been saying, to arrest on corruption charges, and that he was not afraid of going to jail in the fake accounts case brought against him by the National Accountability Burea
Updated 14 Jun, 2019 06:26am
It is not the economy, stupid
Exchange

It is not the economy, stupid

State of the Economy -IMF, FATF, Taxation, Interest and Exchange rates, Inflation, Energy prices, stock market, trade and tariffs - is hogging the public space. We too plead guilty to the charge of OD'ing on economic marijuana. Only occasionally have we f
Published 13 Jun, 2019 12:00am
Budget, IMF & subjugation - II

Budget, IMF & subjugation - II

Noted economist, Arshad Zaman, in his brilliant piece, The roots of our budget crises, rightly pointed out:
Published 13 Jun, 2019 12:00am
PM's firm resolve

PM's firm resolve

That prime minister Imran Khan is determined to achieve his goal of recovering nation's looted money is a fact; in other words, he's hell-bend on taking action against all those who stole, or squandered away Pakistani nation's money. That is why he has an
Published 13 Jun, 2019 12:00am
Cyclone lay at a distance of 725 kms south of Karachi

Cyclone lay at a distance of 725 kms south of Karachi

The 'Vayu' has grown into a very severe cyclonic storm swirling further into northeastward from its origin in east Arabian Sea with a maximum wind speed between 145 kilometres and 160 kilometres an hour, the Met Office said on Wednesday.
Published 13 Jun, 2019 12:00am
HEC chief terms budget allocated for higher education 'a peanut'

HEC chief terms budget allocated for higher education 'a peanut'

Chairman Higher Education Commission (HEC) Dr Tariq Banuri on Wednesday termed the budgetary allocation for higher education sector a peanut, as a meager sum of Rs 59 billion was earmarked against a demand of Rs 103.5 billion for 2019-20.
Published 13 Jun, 2019 12:00am
Budget 2019-20: Fawad happy with funds allocated for S&T ministry

Budget 2019-20: Fawad happy with funds allocated for S&T ministry

Despite allocation of a meagre amount in the budget, Federal Minister for Science and Technology Chaudhry Fawad Hussain on Wednesday insisted that the amount earmarked for his ministry would be enough to bring a revolution in science and technology sector
Published 13 Jun, 2019 12:00am
Economic stability: effective strategy being adopted: Qureshi

Economic stability: effective strategy being adopted: Qureshi

Foreign Minister Shah Mehmood Qureshi has said that the government is adopting an effective strategy to achieve economic stability and making diplomacy more persuasive. He stated this while chairing the sixth meeting of the Advisory Council on Foreign Aff
Published 13 Jun, 2019 12:00am
NAB gets 14-day remand of Hamza Shahbaz

NAB gets 14-day remand of Hamza Shahbaz

An accountability court on Wednesday given Leader of Opposition in Punjab Assembly Hamza Shahbaz in custody of the National Accountability Bureau (NAB) for fourteen days remand to investigate cases of Ramazan Sugar Mills and money laundering/assets beyond
Published 13 Jun, 2019 12:00am
PBC issues show-cause notice to law minister

PBC issues show-cause notice to law minister

Pakistan Bar Council (PBC) on Wednesday issued a show-cause notice to Federal Minister for Law and Justice Muhammad Farogh Naseem for his inability to get his practicing license suspended within one month after joining the federal cabinet.
Published 13 Jun, 2019 12:00am
PM to visit interior Sindh anytime soon
Exchange

PM to visit interior Sindh anytime soon

Prime Minister Imran Khan on Wednesday assured lawmakers from interior Sindh belonging to the allied parties that he would visit the province shortly to resolve the problems being faced by the people of Sindh. The meeting took place at a time when Pakista
Published 13 Jun, 2019 12:00am
Ministry criticised for failing to impose health tax

Ministry criticised for failing to impose health tax

Expressing dismay over health ministry's compromise on health tax in lieu of abolishing third tier from cigarettes tax, The Network for Consumer Protection here on Wednesday regretted that the tobacco control is back to square one where it was three years
Published 13 Jun, 2019 12:00am
Fake account case: NAB granted 5-day physical remand of Ali Akbar Abro

Fake account case: NAB granted 5-day physical remand of Ali Akbar Abro

An accountability court on Wednesday granted National Accountability Bureau (NAB) five-day physical remand of Ali Akbar Abro in Thatta water supply scheme reference. In a fake bank accounts case, NAB officials produced Abro before accountability court jud
Published 13 Jun, 2019 12:00am
KP budget on June 18

KP budget on June 18

The provincial government of Khyber Pakhtunkhwa will present annual budget for the Financial Year, 2019-20 in the KP Assembly on Tuesday (June 18, 2019) at 03:00 P.M. Meanwhile, the Khyber Pakhtunkhwa Minister for Information, Shaukat Ali Yousafzai has sa
Published 13 Jun, 2019 12:00am
National interest must remain supreme: Sumsam

National interest must remain supreme: Sumsam

Provincial Minister for Information & Culture, Syed Sumsam Ali Bukhari has said that national interest should remain supreme by every Pakistani and those who are involved in anti-state activities will have to be brought to their logical end.
Published 13 Jun, 2019 12:00am
Sindh ministers term budget another failure of PTI rulers

Sindh ministers term budget another failure of PTI rulers

Sindh cabinet members Syed Nasir Hussain Shah, Saeed Ghani and Barrister Murtaza Wahab have termed federal government budget another failure of PTI rulers and added that it was aimed to crush common men of the country who were already facing the hardships
Published 13 Jun, 2019 12:00am
Action against illegal occupants of PIA Township soon

Action against illegal occupants of PIA Township soon

PIA management has decided to initiate action against illegal occupants of PIA Township, residing without proper authorization, to vacate the flats so that the deserving employees of lower cadre may be allocated flats on merit.
Published 13 Jun, 2019 12:00am