News Archives for Print - 2019-07-04

PM for more stringent action against gas thieves

Prime Minister Imran Khan Wednesday directed for making the anti-gas theft campaign more robust by exposing and taking indiscriminate action against elements involved in gas theft.

Published 04 Jul, 2019 12:00am

Football: Senate chief for resolving internal disputes

Chairman Senate Muhammad Sadiq Sanjrani has said that concrete and practical measures are required for promotion of football in the country. There is a need to resolve the administrative issues and having an active interaction with FIFA in this regard, he

Published 04 Jul, 2019 12:00am

'The Legal Aid & Justice Authority Bill' to be tabled in NA

A parliamentary panel Wednesday cleared "The Legal Aid and Justice Authority Bill, 2019," which will now be presented in the National Assembly for passage.

Published 04 Jul, 2019 12:00am

Naya Pakistan Housing Scheme: government employees allocated 80pc units, NA panel told

Under the 'Naya Pakistan Housing Scheme,' 80 percent of low-cost housing units have been allocated for government officials from grade-1 to grade-16, said Federal Minister for Housing and Works Tariq Bashir Cheema while briefing a National Assembly panel

Published 04 Jul, 2019 12:00am

'Afghan peace talks'

This is apropos a Business Recorder editorial "Afghan peace talks" carried by the newspaper in its July 2 issue. It has argued, among other things, that "The fourth interlocutor, Pakistan, has for some time now been arguing publicly for an 'Afghan-

Published 04 Jul, 2019 12:00am

Automated forklifts elevate firms' profit hopes

A forklift winds its way through the cavernous warehouse in search of a pallet, which it then ferries to a truck, crossing along its way other forklifts and then the driver ... oh wait, there is no driver.

Published 04 Jul, 2019 12:00am

Sustaining economic growth towards TFP

Pakistan's a country where the episodes of high-growth tend to be short-lived, although longer than low-growth periods. Regardless of all this, over the last 50 years, the average economic growth is around 5.4 percent per annum - "its growth pattern is fu

Published 04 Jul, 2019 12:00am

Industry-defence nexus

A country's defence preparedness demands self-reliance to the extent possible. This, in turn, requires a strong manufacturing base. Import of critical parts and components becomes uncertain during times of war, leaving you with the expensive and inefficie

Published 04 Jul, 2019 12:00am

Exchange

The bane of horse-trading

Politics in this country still seems to have little to do with morals. When in opposition, Prime Minister Imran Khan never missed an opportunity to accuse the PML-N of introducing political horse-trading. Now that the roles have been reversed, his men hav

Updated 05 Jul, 2019 06:03am

And that's the rub: PSM has no solution

Advisor to the Prime Minister on Finance Dr Hafeez Sheikh, inducted into the cabinet on 18 April 2019, while chairing the Economic Coordination Committee (ECC) meeting dated 3 May agreed to placing Pakistan Steel Mills (PSM) on the list of privatisation o

Updated 05 Jul, 2019 06:03am

Iran state TV blasted over report on secret oil sales

Iranian officials slammed the country's state television on Wednesday for airing a programme on oil sales to China that contravene US sanctions, saying the report went "against national interests". Washington abandoned a landmark 2015 nuclear deal between

Published 04 Jul, 2019 12:00am

Financial constraints: government not to import 0.1 million tons of urea

The federal government has reportedly decided not to import 0.1 million tons of urea due to financial constraints and on assurance from domestic industry that it will not increase price for the time being, well-informed sources told Business Recorder.<

Published 04 Jul, 2019 12:00am

Financial constraints: government not to import 0.1 million tons of urea

The federal government has reportedly decided not to import 0.1 million tons of urea due to financial constraints and on assurance from domestic industry that it will not increase price for the time being, well-informed sources told Business Recorder.<
Published 04 Jul, 2019 12:00am

Exchange
Regulated activities: SECP slashes fees for credit rating companies and others

In line with the directives of the Securities and Exchange Policy Board, the Securities and Exchange Commission of Pakistan (SECP) has reduced fees for different regulated activities carried out by creditt rating companies and others The SEP has issued SR
Published 04 Jul, 2019 12:00am

Zardari's arrest: 41 percent Pakistanis say they're happy: survey

Forty-one percent Pakistanis have supported the arrest of Co-Chairman Pakistan Peoples Party (PPP) Asif Ali Zardari in connection with money laundering charges while 31 percent have said that they are unaffected.
Published 04 Jul, 2019 12:00am

Protection from taxation not listed as fundamental right: CJP

The Supreme Court on Wednesday held that the protection from taxation is not listed as fundamental right conferred by Chapter 1 of Part II of the Constitution. A three-judge bench, headed by Chief Justice Asif Saeed Khan Khosa and comprising Justice Qazi
Published 04 Jul, 2019 12:00am

BK Birla dies at 98

Birla Group patriarch BK Birla passed away in Mumbai on Wednesday at the age of 98, according to NDTV. A doyen of the Indian industry, Birla had been suffering from age-related ailments. Birla was the chairman of Century Textiles and Industries and had be
Published 04 Jul, 2019 12:00am

Zero-rated industrial support package: KE seeks clarity from ministry

K-Electric is seeking clarity on Zero-Rated Industrial Support Package (ZRISP) and approached the Ministry of Energy for necessary directions and modalities in case ZRISP is to be continued after July 1, 2019. In a statement, KE has said that being a powe
Published 04 Jul, 2019 12:00am

Chinese consulate attack: Key suspect arrested

A key suspect of the Chinese consulate attack in Karachi was arrested in a Gulf state and transferred to Pakistan on Wednesday. According to sources, the main suspect identified as Rashid Brohi who is allegedly a member of the proscribed Balochistan Liber
Published 04 Jul, 2019 12:00am

NAB grills Ahsan Iqbal

The National Accountability Bureau (NAB) Wednesday grilled Pakistan Muslim League-Nawaz (PML-N) leader Ahsan Iqbal in Narowal Sports City Project (NSCP) case. The anti-graft body summoned Iqbal to appear before it for recording his statement with respect
Published 04 Jul, 2019 12:00am

Park Lane case: NAB decides to file reference against Zardari

The National Accountability Bureau (NAB) Wednesday decided to file a corruption reference against former President Asif Ali Zardari and others in the Park Lane case. The decision to this effect was taken at the NAB's Executive Board Meeting (EBM) presided
Published 04 Jul, 2019 12:00am

Crackdown on Benami asset owners: PML-N Senator''s land attached

The Benami Transactions (Prohibition) Zones of Federal Board of Revenue (FBR) Wednesday launched a major crackdown against owners of Benami assets in Karachi, Lahore, Rawalpindi and Islamabad, and provisionally attached 6,000 kanals of land owned by Senat
Published 04 Jul, 2019 12:00am

Crackdown on Benami asset owners: PML-N Senator's land attached

The Benami Transactions (Prohibition) Zones of Federal Board of Revenue (FBR) Wednesday launched a major crackdown against owners of Benami assets in Karachi, Lahore, Rawalpindi and Islamabad, and provisionally attached 6,000 kanals of land owned by Senat
Published 04 Jul, 2019 12:00am

Amnesty scheme fetches Rs 60 billion so far

The Federal Board of Revenue (FBR) has so far received 110,000 declarations under the Assets Declaration Scheme-2019 with tax deposited to the tune of over Rs 60 billion. Sources said that 25,000 more declarations are under process, taking total declarati
Published 04 Jul, 2019 12:00am

Exchange
$6 billion loan approved by IMF board

The Intern-ational Monetary Fund (IMF) Executive Board has approved $6 billion bailout package for Pakistan. Director Communications Department IMF, Gerry Rice tweeted that IMF Executive Board has approved a three-year US $6 billion loan to support Pakist
Published 04 Jul, 2019 12:00am

Exchange
KSE-100 Index cements its gains: BRIndex100 stays bullish

A bullish trend continued on Pakistan Stock Exchange on the third consecutive day Wednesday on the back of healthy buying in various sectors, mainly by local investors. BRIndex100 gained 75.08 points or 2.09 percent to close at 3,670.31 points. BRIndex-10
Published 04 Jul, 2019 12:00am

PM to launch 'Poverty Graduation Initiative' tomorrow

Prime Minister Imran Khan will launch the National Poverty Graduation Initiative Friday, which has been designed to impact 16.28 million people over a period of four years. The Prime Minister will unveil details of the initiative during the planned launch
Published 04 Jul, 2019 12:00am

The Weather

The weather report on Wednesday (July 03, 2019) and the forecast for Thursday (July 04, 2019).

Published 04 Jul, 2019 12:00am

PM to launch 'Poverty Graduation Initiative' tomorrow

Prime Minister Imran Khan will launch the National Poverty Graduation Initiative Friday, which has been designed to impact 16.28 million people over a period of four years. The Prime Minister will unveil details of the initiative during the planned launch
Published 04 Jul, 2019 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (July 03, 2019).

Published 04 Jul, 2019 12:00am

Chamb sector blast: Five soldiers embrace martyrdom

Five Pakistan Army soldiers were martyred and one other sustained injuries in an explosion that took place a few metres away from the Line of Control (LoC) in Chamb sector of Azad Jammu and Kashmir (AJK), Inter-Services Public Relations (ISPR) said on Wed
Published 04 Jul, 2019 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (July 03, 2019).

Published 04 Jul, 2019 12:00am

Chamb sector blast: Five soldiers embrace martyrdom

Five Pakistan Army soldiers were martyred and one other sustained injuries in an explosion that took place a few metres away from the Line of Control (LoC) in Chamb sector of Azad Jammu and Kashmir (AJK), Inter-Services Public Relations (ISPR) said on Wed
Published 04 Jul, 2019 12:00am

Exchange
LME official prices

The following were Tuesday official prices.

Published 04 Jul, 2019 12:00am

Exchange
Trump accuses China, Europe of currency manipulation, stimulus

US President Donald Trump on Wednesday accused China and Europe of deliberately weakening their currencies and stimulating their economies to gain competitive advantages over the United States.
Published 04 Jul, 2019 12:00am

Exchange
LME official prices

The following were Tuesday official prices.

Published 04 Jul, 2019 12:00am

Exchange
Trump accuses China, Europe of currency manipulation, stimulus

US President Donald Trump on Wednesday accused China and Europe of deliberately weakening their currencies and stimulating their economies to gain competitive advantages over the United States.
Published 04 Jul, 2019 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (July 03, 2019).

Published 04 Jul, 2019 12:00am

Exchange
Trump accuses China, Europe of currency manipulation, stimulus

US President Donald Trump on Wednesday accused China and Europe of deliberately weakening their currencies and stimulating their economies to gain competitive advantages over the United States.
Published 04 Jul, 2019 12:00am

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (July 03, 2019)

Published 04 Jul, 2019 12:00am

Government all set to privatise Discos

The Pakistan Tahreek-e-Insaf is all set to start privatizing power Distribution Companies (Discos) and in this regard, Cabinet Committee on Privatisation (CCoP) has directed Task Force on Energy Reforms to present a viable plan for sell-off of one or two
Published 04 Jul, 2019 12:00am

Lahore Paper Market Rates

Paper market rates in rupees on Wednesday (July 03, 2019).

Published 04 Jul, 2019 12:00am

Government all set to privatise Discos

The Pakistan Tahreek-e-Insaf is all set to start privatizing power Distribution Companies (Discos) and in this regard, Cabinet Committee on Privatisation (CCoP) has directed Task Force on Energy Reforms to present a viable plan for sell-off of one or two
Published 04 Jul, 2019 12:00am

Exchange
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Wednesday (July 03, 2019).

Published 04 Jul, 2019 12:00am

Government all set to privatise Discos

The Pakistan Tahreek-e-Insaf is all set to start privatizing power Distribution Companies (Discos) and in this regard, Cabinet Committee on Privatisation (CCoP) has directed Task Force on Energy Reforms to present a viable plan for sell-off of one or two
Published 04 Jul, 2019 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (July 03, 2019).

Published 04 Jul, 2019 12:00am

Sir Syed Express launched by PM

Prime Minister Imran Khan Wednesday inaugurated Sir Syed Express, a non-stop train from Rawalpindi to Karachi, to facilitate passengers and earn revenue for Pakistan Railways. Addressing the launch ceremony at Rawalpindi Railway Station, Prime Minister Kh
Published 04 Jul, 2019 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (July 03, 2019).

Published 04 Jul, 2019 12:00am

Sir Syed Express launched by PM

Prime Minister Imran Khan Wednesday inaugurated Sir Syed Express, a non-stop train from Rawalpindi to Karachi, to facilitate passengers and earn revenue for Pakistan Railways. Addressing the launch ceremony at Rawalpindi Railway Station, Prime Minister Kh
Published 04 Jul, 2019 12:00am

Dollar's rate in interbank market

Interbank closing rates for dollar on Wednesday (July 03, 2019).

Published 04 Jul, 2019 12:00am

Transportation of additional POL products: ECC decides to use railways to reduce cost

The Economic Coordination Committee (ECC) of the Cabinet has decided that additional petroleum products to up-country would be transported through Pakistan Railways, instead of oil tankers, to reduce transportation cost by 20 percent and help the PR mobil
Published 04 Jul, 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 (July 03, 2019).

Published 04 Jul, 2019 12:00am

Transportation of additional POL products: ECC decides to use railways to reduce cost

The Economic Coordination Committee (ECC) of the Cabinet has decided that additional petroleum products to up-country would be transported through Pakistan Railways, instead of oil tankers, to reduce transportation cost by 20 percent and help the PR mobil
Published 04 Jul, 2019 12:00am

Currency
THE RUPEE: rising trend

The rupee held the overnight firmness against the dollar on the money market on Wednesday in the process of trading, marketmen said. The rupee gained 40 paisas versus the dollar for buying and selling at Rs 157.60 and Rs 157.80 respectively, dealers said.
Published 04 Jul, 2019 12:00am

Pakistan on positive trajectory of development, peace: CoAS

Chief of Army Staff General Qamar Javed Bajwa on Wednesday said that Pakistan is on positive trajectory of peace and development and shall carry forward the same towards enduring peace and prosperity, Inter-Service Public Relation (ISPR) reported.
Published 04 Jul, 2019 12:00am

Currency
THE RUPEE: rising trend

The rupee held the overnight firmness against the dollar on the money market on Wednesday in the process of trading, marketmen said. The rupee gained 40 paisas versus the dollar for buying and selling at Rs 157.60 and Rs 157.80 respectively, dealers said.
Published 04 Jul, 2019 12:00am

Pakistan on positive trajectory of development, peace: CoAS

Chief of Army Staff General Qamar Javed Bajwa on Wednesday said that Pakistan is on positive trajectory of peace and development and shall carry forward the same towards enduring peace and prosperity, Inter-Service Public Relation (ISPR) reported.
Published 04 Jul, 2019 12:00am

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Wednesday (July 03, 2019).

Published 04 Jul, 2019 12:00am

Outage hits Facebook services worldwide

Facebook acknowledged Wednesday an outage affecting users in various parts of the world and said it was working on a fix. Online monitoring service DownDetector reported earlier the outage began around 1200 GMT and affected Facebook as well as its Instagr
Published 04 Jul, 2019 12:00am

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Wednesday (July 03, 2019).

Published 04 Jul, 2019 12:00am

Outage hits Facebook services worldwide

Facebook acknowledged Wednesday an outage affecting users in various parts of the world and said it was working on a fix. Online monitoring service DownDetector reported earlier the outage began around 1200 GMT and affected Facebook as well as its Instagr
Published 04 Jul, 2019 12:00am

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Wednesday (July 03, 2019).

Published 04 Jul, 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 (July 03, 2019).

Published 04 Jul, 2019 12:00am

Member to Member

The following transactions member to member subsequently reported on Wednesday (July 03, 2019).

Published 04 Jul, 2019 12:00am

Mutual Funds
Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Wednesday (July 03, 2019)

Published 04 Jul, 2019 12:00am

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

National Clearing Company declares daily settlement information for local & foreign investors on Wednesday (July 03, 2019).

Published 04 Jul, 2019 12:00am

BRIndex100 and BR Sectoral Indices

BRIndex100 and BR Sectoral Indices on Wednesday (July 03, 2019).

Published 04 Jul, 2019 12:00am

Exchange
BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 04 Jul, 2019 12:00am

Last date of renunciation/payment

Last dates of renunciation/payment.

Published 04 Jul, 2019 12:00am

Exchange
Proposed right issues

Right issues proposed by companies listed on Pakistan Stock Exchange.

Published 04 Jul, 2019 12:00am

Exchange
Clearing Schedule for T+2 System

Pakistan Stock Exchange's Clearing Schedule for T+2 System.

Published 04 Jul, 2019 12:00am

Exchange
Dates of Closure of Books & Annual General Meetings

Dates of Closure of Books and holding of Ordinary and Extra-Ordinary General Meetings of companies listed on the stock exchanges.

Published 04 Jul, 2019 12:00am

EFU TAKAFUL CONSERVATIVE FUND RATES

EFU Takaful Conservative Fund Rates on Wednesday (July 03, 2019).

Published 04 Jul, 2019 12:00am

EFU TAKAFUL AGGRESSIVE FUND RATES

EFU Takaful Aggressive Fund Rates on Wednesday (July 03, 2019).

Published 04 Jul, 2019 12:00am

EFU TAKAFUL GROWTH FUND RATES

EFU Takaful Growth Fund Rates on Wednesday (July 03, 2019).

Published 04 Jul, 2019 12:00am

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

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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