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Print - 2019-07-31
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 31 Jul, 2019 12:00am
Three Indian soldiers killed in retaliation: ISPR

Three Indian soldiers killed in retaliation: ISPR

India's unprovoked firing and shelling at the Line of Control (LoC) on Tuesday martyred one Pakistani civilian and wounded nine others, including women and children, Inter-Services Public Relations (ISPR) said. The martyred civilian was identified as 26-y
Published 31 Jul, 2019 12:00am
Three Indian soldiers killed in retaliation: ISPR

Three Indian soldiers killed in retaliation: ISPR

India's unprovoked firing and shelling at the Line of Control (LoC) on Tuesday martyred one Pakistani civilian and wounded nine others, including women and children, Inter-Services Public Relations (ISPR) said. The martyred civilian was identified as 26-y
Published 31 Jul, 2019 12:00am
Rains continue to batter financial capital for 2nd day

Rains continue to batter financial capital for 2nd day

As rain-related death toll soared to 17, the Pak Army on Tuesday stepped in to undertake rescue operations after Thado Dam overflowed into nearby villages on the Superhighway-M9. The two-day downpour virtually turned many parts of the city into huge pools
Published 31 Jul, 2019 12:00am
Rains continue to batter financial capital for 2nd day

Rains continue to batter financial capital for 2nd day

As rain-related death toll soared to 17, the Pak Army on Tuesday stepped in to undertake rescue operations after Thado Dam overflowed into nearby villages on the Superhighway-M9. The two-day downpour virtually turned many parts of the city into huge pools
Published 31 Jul, 2019 12:00am
Monsoon currents will continue to penetrate

Monsoon currents will continue to penetrate

Heavy downpour has already caused devastation in different parts of the country while the forecast of further rains in the coming days has triggered flood and land sliding threats in various terrains of Pakistan. According to Pakistan Meteorological Depar
Published 31 Jul, 2019 12:00am
Monsoon currents will continue to penetrate

Monsoon currents will continue to penetrate

Heavy downpour has already caused devastation in different parts of the country while the forecast of further rains in the coming days has triggered flood and land sliding threats in various terrains of Pakistan. According to Pakistan Meteorological Depar
Published 31 Jul, 2019 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (July 30, 2019).

Published 31 Jul, 2019 12:00am
POL products' prices may soar

POL products' prices may soar

The Oil and Gas Regulatory Authority (Ogra) following the fluctuations in global oil prices on Tuesday recommended the federal government to increase prices of petroleum products by up to 10 percent for August. The Ministry of Finance will review and deci
Published 31 Jul, 2019 12:00am
POL products' prices may soar

POL products' prices may soar

The Oil and Gas Regulatory Authority (Ogra) following the fluctuations in global oil prices on Tuesday recommended the federal government to increase prices of petroleum products by up to 10 percent for August. The Ministry of Finance will review and deci
Published 31 Jul, 2019 12:00am
POL products'' prices may soar

POL products'' prices may soar

The Oil and Gas Regulatory Authority (Ogra) following the fluctuations in global oil prices on Tuesday recommended the federal government to increase prices of petroleum products by up to 10 percent for August. The Ministry of Finance will review and deci
Published 31 Jul, 2019 12:00am
THE RUPEE: sharp recovery
Currency

THE RUPEE: sharp recovery

The rupee has managed to recover sharply against the dollar on Tuesday in process of trading activity, dealers said.
Published 31 Jul, 2019 12:00am
Capital One data breach hits 100 million

Capital One data breach hits 100 million

A hacker accessed more than 100 million credit card applications with US financial heavyweight Capital One, the firm said on Monday, in one of the biggest data thefts to hit a financial services company. FBI agents arrested Paige Thompson, 33, a former Se
Published 31 Jul, 2019 12:00am
THE RUPEE: sharp recovery
Currency

THE RUPEE: sharp recovery

The rupee has managed to recover sharply against the dollar on Tuesday in process of trading activity, dealers said.
Published 31 Jul, 2019 12:00am
Capital One data breach hits 100 million

Capital One data breach hits 100 million

A hacker accessed more than 100 million credit card applications with US financial heavyweight Capital One, the firm said on Monday, in one of the biggest data thefts to hit a financial services company. FBI agents arrested Paige Thompson, 33, a former Se
Published 31 Jul, 2019 12:00am
$10,000 limit for individuals to carry proposed: SBP
Exchange

$10,000 limit for individuals to carry proposed: SBP

State Bank of Pakistan (SBP) has said that a limit of US $10,000 or equivalent in other currencies for individuals to carry physically or otherwise within Pakistan was proposed in the Foreign Exchange Regulation (Amendment) Bill on the suggestion of the N
Published 31 Jul, 2019 12:00am
$10,000 limit for individuals to carry proposed: SBP
Exchange

$10,000 limit for individuals to carry proposed: SBP

State Bank of Pakistan (SBP) has said that a limit of US $10,000 or equivalent in other currencies for individuals to carry physically or otherwise within Pakistan was proposed in the Foreign Exchange Regulation (Amendment) Bill on the suggestion of the N
Published 31 Jul, 2019 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (July 30, 2019).

Published 31 Jul, 2019 12:00am
$10,000 limit for individuals to carry proposed: SBP
Exchange

$10,000 limit for individuals to carry proposed: SBP

State Bank of Pakistan (SBP) has said that a limit of US $10,000 or equivalent in other currencies for individuals to carry physically or otherwise within Pakistan was proposed in the Foreign Exchange Regulation (Amendment) Bill on the suggestion of the N
Published 31 Jul, 2019 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (July 30, 2019).

Published 31 Jul, 2019 12:00am
KSE stays in negative zone: BRIndex100 edges down
Exchange

KSE stays in negative zone: BRIndex100 edges down

A bearish trend continued on the Pakistan Stock Exchange on the second consecutive day Tuesday due to selling in various sectors, mainly by local investors. BRIndex100 lost 6.56 points or 0.2 percent to close at 3,310.63 points. BRIndex100 touched intrada
Published 31 Jul, 2019 12:00am
KSE stays in negative zone: BRIndex100 edges down
Exchange

KSE stays in negative zone: BRIndex100 edges down

A bearish trend continued on the Pakistan Stock Exchange on the second consecutive day Tuesday due to selling in various sectors, mainly by local investors. BRIndex100 lost 6.56 points or 0.2 percent to close at 3,310.63 points. BRIndex100 touched intrada
Published 31 Jul, 2019 12:00am
KSE stays in negative zone: BRIndex100 edges down
Exchange

KSE stays in negative zone: BRIndex100 edges down

A bearish trend continued on the Pakistan Stock Exchange on the second consecutive day Tuesday due to selling in various sectors, mainly by local investors. BRIndex100 lost 6.56 points or 0.2 percent to close at 3,310.63 points. BRIndex100 touched intrada
Published 31 Jul, 2019 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (July 30, 2019)

Published 31 Jul, 2019 12:00am
Immovable property values: FBR toughens requirement for purchasers

Immovable property values: FBR toughens requirement for purchasers

The Federal Board of Revenue (FBR) has said that the purchasers of the immovable properties are now required to explain the source of investment of property up to the FBR value of property. The FBR has explained through income tax circular No 9 of 2019 th
Published 31 Jul, 2019 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (July 30, 2019).

Published 31 Jul, 2019 12:00am
Immovable property values: FBR toughens requirement for purchasers

Immovable property values: FBR toughens requirement for purchasers

The Federal Board of Revenue (FBR) has said that the purchasers of the immovable properties are now required to explain the source of investment of property up to the FBR value of property. The FBR has explained through income tax circular No 9 of 2019 th
Published 31 Jul, 2019 12:00am
Immovable property values: FBR toughens requirement for purchasers

Immovable property values: FBR toughens requirement for purchasers

The Federal Board of Revenue (FBR) has said that the purchasers of the immovable properties are now required to explain the source of investment of property up to the FBR value of property. The FBR has explained through income tax circular No 9 of 2019 th
Published 31 Jul, 2019 12:00am
Cash gift: FBR explains income from other sources

Cash gift: FBR explains income from other sources

The Federal Board of Revenue (FBR) has clarified if cash gift is received from relatives including grandparents, parents, spouse, brother, sister, son or a daughter but the same has not been received through cross-cheque or banking channel, the amount of
Published 31 Jul, 2019 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (July 30, 2019).

Published 31 Jul, 2019 12:00am
Cash gift: FBR explains income from other sources

Cash gift: FBR explains income from other sources

The Federal Board of Revenue (FBR) has clarified if cash gift is received from relatives including grandparents, parents, spouse, brother, sister, son or a daughter but the same has not been received through cross-cheque or banking channel, the amount of
Published 31 Jul, 2019 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (July 30, 2019).

Published 31 Jul, 2019 12:00am
Cash gift: FBR explains income from other sources

Cash gift: FBR explains income from other sources

The Federal Board of Revenue (FBR) has clarified if cash gift is received from relatives including grandparents, parents, spouse, brother, sister, son or a daughter but the same has not been received through cross-cheque or banking channel, the amount of
Published 31 Jul, 2019 12:00am
The Weather

The Weather

The weather report on Tuesday (July 30, 2019) and the forecast for Wednesday (July 31, 2019).

Published 31 Jul, 2019 12:00am
NA body passes proposed laws ahead of FATF meeting
Exchange

NA body passes proposed laws ahead of FATF meeting

A meeting of the Finance Committee of the National Assembly has passed proposed Anti-Money Laundering (AML) (Amendment) Bill and Foreign Exchange Regulations (Amendment) Bill to curb money laundering, practice of Hawala/Hundi and other forms of illegal fo
Published 31 Jul, 2019 12:00am
NA body passes proposed laws ahead of FATF meeting
Exchange

NA body passes proposed laws ahead of FATF meeting

A meeting of the Finance Committee of the National Assembly has passed proposed Anti-Money Laundering (AML) (Amendment) Bill and Foreign Exchange Regulations (Amendment) Bill to curb money laundering, practice of Hawala/Hundi and other forms of illegal fo
Published 31 Jul, 2019 12:00am
NA body passes proposed laws ahead of FATF meeting
Exchange

NA body passes proposed laws ahead of FATF meeting

A meeting of the Finance Committee of the National Assembly has passed proposed Anti-Money Laundering (AML) (Amendment) Bill and Foreign Exchange Regulations (Amendment) Bill to curb money laundering, practice of Hawala/Hundi and other forms of illegal fo
Published 31 Jul, 2019 12:00am
Vulnerable inmates: Cabinet forms body to provide free legal aid

Vulnerable inmates: Cabinet forms body to provide free legal aid

The federal cabinet on Tuesday constituted an inter-provincial committee to provide free legal aid to the vulnerable inmates. Special Assistant to Prime Minister on Information & Broadcasting Firdous Ashiq Awan said this while briefing the media persons a
Published 31 Jul, 2019 12:00am
Vulnerable inmates: Cabinet forms body to provide free legal aid

Vulnerable inmates: Cabinet forms body to provide free legal aid

The federal cabinet on Tuesday constituted an inter-provincial committee to provide free legal aid to the vulnerable inmates. Special Assistant to Prime Minister on Information & Broadcasting Firdous Ashiq Awan said this while briefing the media persons a
Published 31 Jul, 2019 12:00am
Imported cotton: Duty, ST to be re-imposed from tomorrow
Cotton

Imported cotton: Duty, ST to be re-imposed from tomorrow

The government is all set to re-impose custom duty, additional custom duty and sales tax on imported cotton from August 1, 2019 (tomorrow), well-informed sources told Business Recorder. Cotton produced in Pakistan, is largely, consumed by 450 texti
Published 31 Jul, 2019 12:00am
Imported cotton: Duty, ST to be re-imposed from tomorrow
Cotton

Imported cotton: Duty, ST to be re-imposed from tomorrow

The government is all set to re-impose custom duty, additional custom duty and sales tax on imported cotton from August 1, 2019 (tomorrow), well-informed sources told Business Recorder. Cotton produced in Pakistan, is largely, consumed by 450 texti
Published 31 Jul, 2019 12:00am
Imported cotton: Duty, ST to be re-imposed from tomorrow
Cotton

Imported cotton: Duty, ST to be re-imposed from tomorrow

The government is all set to re-impose custom duty, additional custom duty and sales tax on imported cotton from August 1, 2019 (tomorrow), well-informed sources told Business Recorder. Cotton produced in Pakistan, is largely, consumed by 450 texti
Published 31 Jul, 2019 12:00am
Two policemen among five killed in Quetta blast

Two policemen among five killed in Quetta blast

At least five people were killed and more than 25 wounded when a bomb planted on a motorcycle hit a police van here on Tuesday, officials said. The remote control-detonated bomb exploded in Quetta, provincial police chief Mohsin Hassan Butt told AFP. "The
Published 31 Jul, 2019 12:00am
Two policemen among five killed in Quetta blast

Two policemen among five killed in Quetta blast

At least five people were killed and more than 25 wounded when a bomb planted on a motorcycle hit a police van here on Tuesday, officials said. The remote control-detonated bomb exploded in Quetta, provincial police chief Mohsin Hassan Butt told AFP. "The
Published 31 Jul, 2019 12:00am
EDB CEO's appointment: Ministry seeking rule waiver

EDB CEO's appointment: Ministry seeking rule waiver

Ministry of Industries and Production (MoI&P) is likely to approach Prime Minister, seeking waiver from prescribed recruitment rules to appoint Chief Executive Officer (CEO), Engineering Development Board (EDB), well-informed sources told Business Reco
Published 31 Jul, 2019 12:00am
EDB CEO's appointment: Ministry seeking rule waiver

EDB CEO's appointment: Ministry seeking rule waiver

Ministry of Industries and Production (MoI&P) is likely to approach Prime Minister, seeking waiver from prescribed recruitment rules to appoint Chief Executive Officer (CEO), Engineering Development Board (EDB), well-informed sources told Business Reco
Published 31 Jul, 2019 12:00am
EDB CEO''s appointment: Ministry seeking rule waiver

EDB CEO''s appointment: Ministry seeking rule waiver

Ministry of Industries and Production (MoI&P) is likely to approach Prime Minister, seeking waiver from prescribed recruitment rules to appoint Chief Executive Officer (CEO), Engineering Development Board (EDB), well-informed sources told Business Reco
Published 31 Jul, 2019 12:00am
NICL scam: SC again orders NAB to arrest Warraich

NICL scam: SC again orders NAB to arrest Warraich

The Supreme Court on Tuesday again ordered National Accountability Bureau to arrest Mohsin Habib Warraich, main character in the National Insurance Company Limited (NICL) financial scam. A three-member bench, headed by Justice Sheikh Azmat Saeed, heard th
Published 31 Jul, 2019 12:00am
NICL scam: SC again orders NAB to arrest Warraich

NICL scam: SC again orders NAB to arrest Warraich

The Supreme Court on Tuesday again ordered National Accountability Bureau to arrest Mohsin Habib Warraich, main character in the National Insurance Company Limited (NICL) financial scam. A three-member bench, headed by Justice Sheikh Azmat Saeed, heard th
Published 31 Jul, 2019 12:00am
PSO clarification

PSO clarification

With reference to a news item that recently appeared in Business Recorder, Pakistan State Oil (PSO) would like to clarify few facts directly attributed to PSO. "The headline of story refers to confidentiality of Long Term Sales Purchase Agreement (SPA) wi
Published 31 Jul, 2019 12:00am
PSO clarification

PSO clarification

With reference to a news item that recently appeared in Business Recorder, Pakistan State Oil (PSO) would like to clarify few facts directly attributed to PSO. "The headline of story refers to confidentiality of Long Term Sales Purchase Agreement (SPA) wi
Published 31 Jul, 2019 12:00am
PSO clarification

PSO clarification

With reference to a news item that recently appeared in Business Recorder, Pakistan State Oil (PSO) would like to clarify few facts directly attributed to PSO. "The headline of story refers to confidentiality of Long Term Sales Purchase Agreement (SPA) wi
Published 31 Jul, 2019 12:00am
Rivals Iran and UAE to hold security talks

Rivals Iran and UAE to hold security talks

Iran was to revive maritime security talks on Tuesday with traditional foe the United Arab Emirates (UAE) in an apparent bid to calm tensions in the Gulf, although a Gulf official described the discussions as routine and technical. The talks follow weeks
Published 31 Jul, 2019 12:00am
Rivals Iran and UAE to hold security talks

Rivals Iran and UAE to hold security talks

Iran was to revive maritime security talks on Tuesday with traditional foe the United Arab Emirates (UAE) in an apparent bid to calm tensions in the Gulf, although a Gulf official described the discussions as routine and technical. The talks follow weeks
Published 31 Jul, 2019 12:00am
Commissioner enjoys powers to conduct banks' audit: FBR

Commissioner enjoys powers to conduct banks' audit: FBR

The Federal Board of Revenue (FBR) has clarified that the Commissioner has the power to conduct audit of banks under Section 177 of the Income Tax Ordinance 2001. According to the income tax circular 9 of 2019 issued by the FBR here on Tuesday, as per rul
Published 31 Jul, 2019 12:00am
Commissioner enjoys powers to conduct banks' audit: FBR

Commissioner enjoys powers to conduct banks' audit: FBR

The Federal Board of Revenue (FBR) has clarified that the Commissioner has the power to conduct audit of banks under Section 177 of the Income Tax Ordinance 2001. According to the income tax circular 9 of 2019 issued by the FBR here on Tuesday, as per rul
Published 31 Jul, 2019 12:00am
Commissioner enjoys powers to conduct banks'' audit: FBR

Commissioner enjoys powers to conduct banks'' audit: FBR

The Federal Board of Revenue (FBR) has clarified that the Commissioner has the power to conduct audit of banks under Section 177 of the Income Tax Ordinance 2001. According to the income tax circular 9 of 2019 issued by the FBR here on Tuesday, as per rul
Published 31 Jul, 2019 12:00am
India's parliament votes to outlaw 'triple talaq'

India's parliament votes to outlaw 'triple talaq'

India's parliament approved a bill on Tuesday outlawing the centuries-old right of a Muslim man to instantly divorce his wife, drawing accusations of government interference in a community matter. Prime Minister Narendra Modi's Hindu nationalist administr
Published 31 Jul, 2019 12:00am
India's parliament votes to outlaw 'triple talaq'

India's parliament votes to outlaw 'triple talaq'

India's parliament approved a bill on Tuesday outlawing the centuries-old right of a Muslim man to instantly divorce his wife, drawing accusations of government interference in a community matter. Prime Minister Narendra Modi's Hindu nationalist administr
Published 31 Jul, 2019 12:00am
An unacceptable 'incident'

An unacceptable 'incident'

Acting in a high-handed manner against Irfan Siddiqui, an ex-adviser to the ousted prime minister Nawaz Sharif, Islamabad police have ended up embarrassing themselves as well as the PTI government. Siddiqui, who is also a newspaper columnist, was arrested
Updated 31 Jul, 2019 06:20am
Fund's slippery slope
Exchange

Fund's slippery slope

Former finance minister, Asad Umar, has revealed that an alternative solution to deal with the country's financial crunch instead of opting for the International Monetary Fund (IMF) bailout package was presented to Prime Minister Imran Khan in March this
Published 31 Jul, 2019 12:00am
Britain's one-pound homes more than a gimmick

Britain's one-pound homes more than a gimmick

Graduate student Victoria Brennan knew she was taking a risk when she bought a home in a run-down neighbourhood in the northern English city of Liverpool for less than the price of a cup of coffee. But the move has paid off, getting her onto the property
Published 31 Jul, 2019 12:00am
'Reset to client status?'

'Reset to client status?'

This is apropos a Business Recorder op-ed "Reset to client status?" carried by the newspaper yesterday. The writer, Rashed Rahman, has plausibly argued that "actually, this mutual lack of understanding stems from the divergent goals each country h
Published 31 Jul, 2019 12:00am
Eligibility criteria for admissions at SU

Eligibility criteria for admissions at SU

The admission committee of Sindh University Jamshoro in its meeting has decided to fix the eligibility criteria for admissions to various disciplines of bachelor & masters degree programs for the academic year 2020. The committee resolved that the candida
Published 31 Jul, 2019 12:00am
Fake accounts case: AC approves plea bargain pleas of two suspects

Fake accounts case: AC approves plea bargain pleas of two suspects

The Accountability Court hearing multibillion rupees fake accounts case on Tuesday approved plea bargain applications of two suspects who are accused of committing corruption through fake bank accounts. While hearing the case, Accountability Court Judge M
Published 31 Jul, 2019 12:00am
PDWP approves uplift schemes worth Rs 4.783 billion

PDWP approves uplift schemes worth Rs 4.783 billion

The Punjab Provincial Development Working Party approved development scheme of primary & secondary healthcare (P&SH) sector with an estimated cost of Rs4.783 billion. The scheme was approved in the 5th meeting of Provincial Development Working Party (PDWP
Published 31 Jul, 2019 12:00am
Justice Azmat takes oath as acting CJP

Justice Azmat takes oath as acting CJP

Justice Sh Azmat Saeed, a senior judge of the Supreme Court of Pakistan, has taken oath as Acting Chief Justice of Pakistan. The oath was administered by Justice Umar Ata Bandial in a simple and dignified ceremony here at the Supreme Court on Tuesday. Jus
Published 31 Jul, 2019 12:00am
Martyred military personnel: CoAS attends funeral prayers

Martyred military personnel: CoAS attends funeral prayers

Chief of the Army Staff (CoAS), General Qamar Javed Bajwa, attended funeral prayers of two military pilots and three crew members martyred in Army Aviation plane crash, near Rawalpindi, ISPR reported on Tuesday. The funeral prayers of martyred army pilots
Published 31 Jul, 2019 12:00am