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Print - 2019-06-28
South Waziristan: ECP summons KP official over arrest of candidates

South Waziristan: ECP summons KP official over arrest of candidates

Taking notice of the arrest of two candidates from South Waziristan who are taking part in elections on July 20 on the respective seats of Khyber Pakhtunkhwa Assembly, the Election Commission of Pakistan (ECP) has summoned a top provincial government offi
Published 28 Jun, 2019 12:00am
Bid to smuggle gold ornaments foiled

Bid to smuggle gold ornaments foiled

The Model Customs Collectorate (MCC), Preventive foiled an attempt to smuggle huge quantity of gold ornaments to Dubai at Jinnah International Airport (JIAP). According to details, credible information was received that some unscrupulous elements were pla
Published 28 Jun, 2019 12:00am
JI chief meets Afghan president

JI chief meets Afghan president

Chief of Jamaat-e-Islami, Pakistan, Senator Sirajul Haq called on the Afghan President Ashraf Ghani, in Islamabad. According to media cell of JI at Mansoora, the JI chief, speaking on the occasion said that a bright future of Afghanistan and Pakistan was
Published 28 Jun, 2019 12:00am
Ghani's visit will strengthen ties: Firdous
Exchange

Ghani's visit will strengthen ties: Firdous

Special Assistant to Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan on Thursday expressed hope that Afghan President Ashraf Ghani's visit to Pakistan will strengthen relations between the two countries.
Published 28 Jun, 2019 12:00am
Visit to constituency: PM denies violating ECP's code of conduct

Visit to constituency: PM denies violating ECP's code of conduct

Prime Minister Imran Khan has denied having violated the Election Commission of Pakistan's code of conduct during his recent visit to a National Assembly constituency where bye-election is scheduled on July 18, saying he was on 'religious visit for condol
Published 28 Jun, 2019 12:00am
'Progressive capitalism'

'Progressive capitalism'

That Business Recorder op-ed writer, M Ziauddin, is a very well read person is a fact. He, for example, always comes up with arguments for which he often cites the works of global writers. In his latest contribution for the newspaper titled "Progre
Published 28 Jun, 2019 12:00am
Gulf, Israel closer after Bahrain meet but full ties unlikely

Gulf, Israel closer after Bahrain meet but full ties unlikely

The US-organised economic workshop in Bahrain failed to deliver tangible results over the long-awaited Middle East peace plan but it opened the door for closer Israeli-Gulf ties, analysts say. Despite this, the normalisation of ties between the Gulf oil m
Published 28 Jun, 2019 12:00am
Can Europe, Brexit inspire China's bid for mega market?

Can Europe, Brexit inspire China's bid for mega market?

Some in China's central bank are looking to draw inspiration from the European Union and Britain's relationship with the common market to help shape how China integrates its southern economic powerhouse with Hong Kong and Macau. The Greater Bay Area alrea
Published 28 Jun, 2019 12:00am
Dismantling unjust tax system

Dismantling unjust tax system

Our existing tax system, which has been proposed to be further unjust and oppressive through Finance Bill 2019, is indeed highly complex and manipulative. For example, the Finance Bill 2019 proposes to tax property income beyond certain limits at higher r
Published 28 Jun, 2019 12:00am
Restricted religious freedom

Restricted religious freedom

From day one India's claim of a secular state was a deception, and being its immediate neighbour and erstwhile co-citizen we knew it firsthand. But better late than never - thanks to the international media, the world at large, too, is now getting acquain
Updated 28 Jun, 2019 06:58am
The challenge of sugar hoarding
Cotton

The challenge of sugar hoarding

Sugar industry of Pakistan is generally in the news for one reason or the other. The latest tiding is the unusual increase in the price of sugar in the domestic market due to hoarding of this commodity because of the increase in GST on sugar from 8 percen
Updated 28 Jun, 2019 06:58am
Twitter acts against politicians' rule-breaking tweets

Twitter acts against politicians' rule-breaking tweets

Twitter said Thursday it would label and "deprioritize" tweets from officials and politicians that violate its rules - a move potentially affecting the prodigious output of US President Donald Trump. The new policy enables Twitter to move against rule-bre
Published 28 Jun, 2019 12:00am
Twitter acts against politicians' rule-breaking tweets

Twitter acts against politicians' rule-breaking tweets

Twitter said Thursday it would label and "deprioritize" tweets from officials and politicians that violate its rules - a move potentially affecting the prodigious output of US President Donald Trump. The new policy enables Twitter to move against rule-bre
Published 28 Jun, 2019 12:00am
NAB HQs should be shifted to hospital, judge says in a lighter vein

NAB HQs should be shifted to hospital, judge says in a lighter vein

Reacting to the demand of medical facilities by an accused, Accountability Court Judge Muhammad Arshad Malik Thursday said in a lighter vein that National Accountability Bureau (NAB) headquarters should be shifted to a hospital premises. During the hearin
Published 28 Jun, 2019 12:00am
NAB HQs should be shifted to hospital, judge says in a lighter vein

NAB HQs should be shifted to hospital, judge says in a lighter vein

Reacting to the demand of medical facilities by an accused, Accountability Court Judge Muhammad Arshad Malik Thursday said in a lighter vein that National Accountability Bureau (NAB) headquarters should be shifted to a hospital premises. During the hearin
Published 28 Jun, 2019 12:00am
Dubai-based properties: Rental income not chargeable but declarable

Dubai-based properties: Rental income not chargeable but declarable

Rental income originated from Dubai-based properties is declarable but not chargeable in Pakistan, said commissioner FBR. Speaking at an awareness seminar on Assets Declaration Ordinance (ADO), 2019, Maqsood Jahangir commissioner IR Zone VI, Corporate Reg
Published 28 Jun, 2019 12:00am
Dubai-based properties: Rental income not chargeable but declarable

Dubai-based properties: Rental income not chargeable but declarable

Rental income originated from Dubai-based properties is declarable but not chargeable in Pakistan, said commissioner FBR. Speaking at an awareness seminar on Assets Declaration Ordinance (ADO), 2019, Maqsood Jahangir commissioner IR Zone VI, Corporate Reg
Published 28 Jun, 2019 12:00am
Dubai-based properties: Rental income not chargeable but declarable

Dubai-based properties: Rental income not chargeable but declarable

Rental income originated from Dubai-based properties is declarable but not chargeable in Pakistan, said commissioner FBR. Speaking at an awareness seminar on Assets Declaration Ordinance (ADO), 2019, Maqsood Jahangir commissioner IR Zone VI, Corporate Reg
Published 28 Jun, 2019 12:00am
Imam hurt in shooting outside mosque in France

Imam hurt in shooting outside mosque in France

A gunman opened fire outside a mosque in northwestern France on Thursday, wounding the local imam and another person, before fleeing the scene and later being found dead, officials said.
Published 28 Jun, 2019 12:00am
Imam hurt in shooting outside mosque in France

Imam hurt in shooting outside mosque in France

A gunman opened fire outside a mosque in northwestern France on Thursday, wounding the local imam and another person, before fleeing the scene and later being found dead, officials said.
Published 28 Jun, 2019 12:00am
Dollar may reach Rs 200, says Zardari

Dollar may reach Rs 200, says Zardari

Co-Chairman Pakistan Peoples Party (PPP) Asif Ali Zardari on Thursday said that his party's government also took loans from the International Monetary Fund (IMF) after it accepted all conditions unlike this incumbent government which bowed down before the
Published 28 Jun, 2019 12:00am
Dollar may reach Rs 200, says Zardari

Dollar may reach Rs 200, says Zardari

Co-Chairman Pakistan Peoples Party (PPP) Asif Ali Zardari on Thursday said that his party's government also took loans from the International Monetary Fund (IMF) after it accepted all conditions unlike this incumbent government which bowed down before the
Published 28 Jun, 2019 12:00am
PTI, BNP-M enter into agreement

PTI, BNP-M enter into agreement

Defence Minister Pervez Khattak on Thursday said that all six points raised by Balochistan National Party-Mengal (BNP-M) have been thoroughly discussed and agreed upon by the government. Speaking at a joint presser along with Chief BNP-M Akhtar Mengal, Kh
Published 28 Jun, 2019 12:00am
PTI, BNP-M enter into agreement

PTI, BNP-M enter into agreement

Defence Minister Pervez Khattak on Thursday said that all six points raised by Balochistan National Party-Mengal (BNP-M) have been thoroughly discussed and agreed upon by the government. Speaking at a joint presser along with Chief BNP-M Akhtar Mengal, Kh
Published 28 Jun, 2019 12:00am
India beats US in WTO renewables case

India beats US in WTO renewables case

World Trade Organization judges sided with India on Thursday in a dispute against the United States over subsidies provided to American renewable energy companies. In a complaint filed at the WTO''s Dispute Settlement Body in 2016, India argued that the s
Published 28 Jun, 2019 12:00am
India beats US in WTO renewables case

India beats US in WTO renewables case

World Trade Organization judges sided with India on Thursday in a dispute against the United States over subsidies provided to American renewable energy companies. In a complaint filed at the WTO's Dispute Settlement Body in 2016, India argued that the st
Published 28 Jun, 2019 12:00am
India beats US in WTO renewables case

India beats US in WTO renewables case

World Trade Organization judges sided with India on Thursday in a dispute against the United States over subsidies provided to American renewable energy companies. In a complaint filed at the WTO's Dispute Settlement Body in 2016, India argued that the st
Published 28 Jun, 2019 12:00am
Gold price up by Rs 428

Gold price up by Rs 428

Gold prices on Thursday struck another record high to Rs 81,500 per tola on the local market after the world market closed the precious metal trading at $1405 an ounce, traders said. Now, gold per 10 grams are selling at Rs 69, 872 with an increase of Rs
Published 28 Jun, 2019 12:00am
Gold price up by Rs 428

Gold price up by Rs 428

Gold prices on Thursday struck another record high to Rs 81,500 per tola on the local market after the world market closed the precious metal trading at $1405 an ounce, traders said. Now, gold per 10 grams are selling at Rs 69, 872 with an increase of Rs
Published 28 Jun, 2019 12:00am
Gold price up by Rs 428

Gold price up by Rs 428

Gold prices on Thursday struck another record high to Rs 81,500 per tola on the local market after the world market closed the precious metal trading at $1405 an ounce, traders said. Now, gold per 10 grams are selling at Rs 69, 872 with an increase of Rs
Published 28 Jun, 2019 12:00am
Assets declarations: Declarants face hardships as FBR portal breaks down

Assets declarations: Declarants face hardships as FBR portal breaks down

The Federal Board of Revenue''s portal for filing of assets declarations remained down throughout the day on Thursday, creating serious problems for the persons intending to declare undisclosed assets under the Assets Declaration Ordinance 2019. Tax advis
Published 28 Jun, 2019 12:00am
Assets declarations: Declarants face hardships as FBR portal breaks down

Assets declarations: Declarants face hardships as FBR portal breaks down

The Federal Board of Revenue's portal for filing of assets declarations remained down throughout the day on Thursday, creating serious problems for the persons intending to declare undisclosed assets under the Assets Declaration Ordinance 2019. Tax adviso
Published 28 Jun, 2019 12:00am
Assets declarations: Declarants face hardships as FBR portal breaks down

Assets declarations: Declarants face hardships as FBR portal breaks down

The Federal Board of Revenue's portal for filing of assets declarations remained down throughout the day on Thursday, creating serious problems for the persons intending to declare undisclosed assets under the Assets Declaration Ordinance 2019. Tax adviso
Published 28 Jun, 2019 12:00am
Five more polio cases surface in KP

Five more polio cases surface in KP

Focal Person to Prime Minister on Polio Eradication, Babar Bin Atta on Thursday said that five more polio cases have been surfaced in Khyber Pakhtunkhwa adding that all the cases have a zero-dose routine immunization history. Taking to twitter, Babar Atta
Published 28 Jun, 2019 12:00am
MoF seeks withdrawal of Rs 7,500, Rs 15,000, Rs 25,000 prize bonds

MoF seeks withdrawal of Rs 7,500, Rs 15,000, Rs 25,000 prize bonds

The Ministry of Finance has reportedly proposed discontinuation of sale of prize bonds of three denominations - Rs7,500, Rs15,000 and Rs25,000 with immediate effect, well-informed sources in the Finance Division told Business Recorder.
Published 28 Jun, 2019 12:00am
MoF seeks withdrawal of Rs 7,500, Rs 15,000, Rs 25,000 prize bonds

MoF seeks withdrawal of Rs 7,500, Rs 15,000, Rs 25,000 prize bonds

The Ministry of Finance has reportedly proposed discontinuation of sale of prize bonds of three denominations - Rs7,500, Rs15,000 and Rs25,000 with immediate effect, well-informed sources in the Finance Division told Business Recorder.
Published 28 Jun, 2019 12:00am
KSE-100 Index sheds more weight: BRIndex100 extends losses
Exchange

KSE-100 Index sheds more weight: BRIndex100 extends losses

A bearish trend continued on Pakistan Stock Exchange on the fourth consecutive day due to selling in various sectors. BRIndex100 lost another 38.25 points or 1.07 percent to close at 3,529.64 points Thursday. BRIndex100 touched intraday high of 3,591.78 a
Published 28 Jun, 2019 12:00am
KSE-100 Index sheds more weight: BRIndex100 extends losses
Exchange

KSE-100 Index sheds more weight: BRIndex100 extends losses

A bearish trend continued on Pakistan Stock Exchange on the fourth consecutive day due to selling in various sectors. BRIndex100 lost another 38.25 points or 1.07 percent to close at 3,529.64 points Thursday. BRIndex100 touched intraday high of 3,591.78 a
Published 28 Jun, 2019 12:00am
KSE-100 Index sheds more weight: BRIndex100 extends losses
Exchange

KSE-100 Index sheds more weight: BRIndex100 extends losses

A bearish trend continued on Pakistan Stock Exchange on the fourth consecutive day due to selling in various sectors. BRIndex100 lost another 38.25 points or 1.07 percent to close at 3,529.64 points Thursday. BRIndex100 touched intraday high of 3,591.78 a
Published 28 Jun, 2019 12:00am
Fragile stability
Exchange

Fragile stability

The exchange rate developments in the last two days have had deeply disturbing effect on the economy. Economic agents are exasperated as to how the expectations they had formed a few days ago based on SBP governor's assurances, about the orderly conduct o
Published 28 Jun, 2019 12:00am
Fragile stability
Exchange

Fragile stability

The exchange rate developments in the last two days have had deeply disturbing effect on the economy. Economic agents are exasperated as to how the expectations they had formed a few days ago based on SBP governor's assurances, about the orderly conduct o
Published 28 Jun, 2019 12:00am
IMF deal: growth to be negatively impacted in short run: Fitch
Exchange

IMF deal: growth to be negatively impacted in short run: Fitch

Pakistan''s economic growth will be negatively impacted in the short run due to tighter monetary and fiscal policies as a result of the International Monetary Fund''s bailout package, says Fitch Solutions. Fitch Solutions in its latest report, "Economic a
Published 28 Jun, 2019 12:00am
IMF deal: growth to be negatively impacted in short run: Fitch
Exchange

IMF deal: growth to be negatively impacted in short run: Fitch

Pakistan's economic growth will be negatively impacted in the short run due to tighter monetary and fiscal policies as a result of the International Monetary Fund's bailout package, says Fitch Solutions. Fitch Solutions in its latest report, "Economic ana
Published 28 Jun, 2019 12:00am
IMF deal: growth to be negatively impacted in short run: Fitch
Exchange

IMF deal: growth to be negatively impacted in short run: Fitch

Pakistan's economic growth will be negatively impacted in the short run due to tighter monetary and fiscal policies as a result of the International Monetary Fund's bailout package, says Fitch Solutions. Fitch Solutions in its latest report, "Economic ana
Published 28 Jun, 2019 12:00am
PM voices concern over price hike

PM voices concern over price hike

The federal government has desired that a special campaign should be launched to control price hike with effective implementation of price control laws from wholesale market to retail shops. Prime Minister Imran Khan while taking serious notice of current
Published 28 Jun, 2019 12:00am
PM voices concern over price hike

PM voices concern over price hike

The federal government has desired that a special campaign should be launched to control price hike with effective implementation of price control laws from wholesale market to retail shops. Prime Minister Imran Khan while taking serious notice of current
Published 28 Jun, 2019 12:00am
PM voices concern over price hike

PM voices concern over price hike

The federal government has desired that a special campaign should be launched to control price hike with effective implementation of price control laws from wholesale market to retail shops. Prime Minister Imran Khan while taking serious notice of current
Published 28 Jun, 2019 12:00am
The Weather

The Weather

The weather report on Thursday (June 27, 2019) and the forecast for Friday (June 28, 2019).

Published 28 Jun, 2019 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (June 27, 2019).

Published 28 Jun, 2019 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (June 27, 2019).

Published 28 Jun, 2019 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (June 27, 2019)

Published 28 Jun, 2019 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (June 27, 2019).

Published 28 Jun, 2019 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (June 27, 2019).

Published 28 Jun, 2019 12:00am
THE RUPEE: weak trend persists
Currency

THE RUPEE: weak trend persists

An easier trend persisted on the money market on Thursday as the rupee continued decline against the dollar in process of trading activity, marketmen said. The rupee lost about Rs 2.00 for buying and selling at Rs 164.00 and Rs 164.25, they said.
Published 28 Jun, 2019 12:00am
THE RUPEE: weak trend persists
Currency

THE RUPEE: weak trend persists

An easier trend persisted on the money market on Thursday as the rupee continued decline against the dollar in process of trading activity, marketmen said. The rupee lost about Rs 2.00 for buying and selling at Rs 164.00 and Rs 164.25, they said.
Published 28 Jun, 2019 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (June 27, 2019).

Published 28 Jun, 2019 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 28 Jun, 2019 12:00am