News Archives for Print - 2019-10-03

Country's leading industrialists and businessmen met with Chief of Army Staff (CoAS) General Qamar Javed Bajwa at a reception held at Army General Headquarter where they discussed with him the problems being faced by the members of business community, def

Published 03 Oct, 2019 12:00am

Exchange

A glass half full?

This seems to be the season of harvesting hopes. One after another, like manna from heaven - the food that God miraculously provided to the lost tribes wandering in the wilderness - good news is pouring in.

Updated 03 Oct, 2019 06:16am

Violation of fundamental rights

The merger of Fata and Pata with Khyber Pakhtunkhwa was to provide the people of these areas with fundamental rights enshrined in the Constitution. Instead the PTI government has promulgated the Khyber Pakhtunkhwa Actions (in Aid of Civil Power) Ordinance

Updated 03 Oct, 2019 06:52am

Exchange

Revenue shortfall and POL products' prices

The Federal Board of Revenue (FBR) has released data that reflects a 111 billion rupees shortfall from the budgeted revenue target for the first quarter (July-September). The Chairman FBR, Shabbar Zaidi, highlighted the 25 percent rise in revenue against

Updated 03 Oct, 2019 06:43am

Exchange

Listed companies: SECP lays down procedure for composition of BoDs

The Securities and Exchange Commission of Pakistan (SECP) has laid down new responsibilities of the board of directors of the listed companies and their chief executive officers/chief financial officers and revised election/nomination procedure of directo

Published 03 Oct, 2019 12:00am

Exchange

Listed companies: SECP lays down procedure for composition of BoDs

The Securities and Exchange Commission of Pakistan (SECP) has laid down new responsibilities of the board of directors of the listed companies and their chief executive officers/chief financial officers and revised election/nomination procedure of directo

Published 03 Oct, 2019 12:00am

Vegetable Oil

CPI registers 11.37 percent increase in September

The National Consumer Price Index has registered an increase of 11.37 percent from 113.90 points in September 2018 to 126.86 points in September 2019, said Pakistan Bureau of Statistics (PBS). The PBS last month changed the base year from 2007-08 to 2015-

Published 03 Oct, 2019 12:00am

Vegetable Oil

CPI registers 11.37 percent increase in September

The National Consumer Price Index has registered an increase of 11.37 percent from 113.90 points in September 2018 to 126.86 points in September 2019, said Pakistan Bureau of Statistics (PBS). The PBS last month changed the base year from 2007-08 to 2015-

Published 03 Oct, 2019 12:00am

FBR issues Rs 30.1 billion refunds in first quarter

The Federal Board of Revenue (FBR) has issued refunds of Rs 30.1 billion during the first three months (July-September) of 2019-20. It is learnt that the FBR had intended to reduce refunds by Rs 75 billion during the first quarter of 2019-20 under a plan

Published 03 Oct, 2019 12:00am

FBR issues Rs 30.1 billion refunds in first quarter

The Federal Board of Revenue (FBR) has issued refunds of Rs 30.1 billion during the first three months (July-September) of 2019-20. It is learnt that the FBR had intended to reduce refunds by Rs 75 billion during the first quarter of 2019-20 under a plan

Published 03 Oct, 2019 12:00am

SRB posts 13.3 percent revenue growth in first quarter

Sindh Revenue Board (SRB) has posted 13.3 percent growth in revenue collection during the first quarter of current fiscal year. According to official details, during the first quarter of ongoing financial year, SRB collected Rs 23 billion as against the c

Published 03 Oct, 2019 12:00am

SRB posts 13.3 percent revenue growth in first quarter

Sindh Revenue Board (SRB) has posted 13.3 percent growth in revenue collection during the first quarter of current fiscal year. According to official details, during the first quarter of ongoing financial year, SRB collected Rs 23 billion as against the c

Published 03 Oct, 2019 12:00am

PM wants youth to excel as 'all-rounders of contemporary plus religious education'

Prime Minister Imran Khan on Wednesday said he wanted the country's youth to excel as 'all-rounders of contemporary plus religious education' and prove their mettle before the world with confidence. "The youth, which has a strong knowledge of both modern

Published 03 Oct, 2019 12:00am

PM wants youth to excel as 'all-rounders of contemporary plus religious education'

Prime Minister Imran Khan on Wednesday said he wanted the country's youth to excel as 'all-rounders of contemporary plus religious education' and prove their mettle before the world with confidence. "The youth, which has a strong knowledge of both modern

Published 03 Oct, 2019 12:00am

NA session prorogued prematurely in a bid to avert deputy speaker's election

In what appeared to a pre-planned strategy, the National Assembly session was prorogued prematurely in a bid to avert an immediate election of the deputy speaker as per the rules following Qasim Suri was de-notified by the Election Commission of Pakistan

Published 03 Oct, 2019 12:00am

NA session prorogued prematurely in a bid to avert deputy speaker's election

In what appeared to a pre-planned strategy, the National Assembly session was prorogued prematurely in a bid to avert an immediate election of the deputy speaker as per the rules following Qasim Suri was de-notified by the Election Commission of Pakistan

Published 03 Oct, 2019 12:00am

Onion prices have gone crazy

From Kathmandu to Colombo, it's a kitchen nightmare: Onion prices have gone crazy. That's because India, the world's biggest seller of the Asian diet staple, has banned exports after extended Monsoon downpours delayed harvests and supplies shrivelled. And

Published 03 Oct, 2019 12:00am

Onion prices have gone crazy

From Kathmandu to Colombo, it's a kitchen nightmare: Onion prices have gone crazy. That's because India, the world's biggest seller of the Asian diet staple, has banned exports after extended Monsoon downpours delayed harvests and supplies shrivelled. And

Published 03 Oct, 2019 12:00am

Niazi moves LHC against Pemra

Hafeezullah Khan Niazi, brother-in-law of Prime Minister Imran Khan, on Wednesday moved the Lahore High Court against a 30-day ban on his appearance in television channels. The petitioner said the ban imposed by Pakistan Electronic Media Regulatory Author

Published 03 Oct, 2019 12:00am

Niazi moves LHC against Pemra

Hafeezullah Khan Niazi, brother-in-law of Prime Minister Imran Khan, on Wednesday moved the Lahore High Court against a 30-day ban on his appearance in television channels. The petitioner said the ban imposed by Pakistan Electronic Media Regulatory Author

Published 03 Oct, 2019 12:00am

Hyderabad Fund Case: government closely examining all aspects of UK's court judgement: FO

Foreign Office (FO) said on Wednesday that Pakistan is closely examining all aspects of the detailed judgment of a UK's court in the Hyderabad Fund Case and will take further action in the light of legal advice received. "Pakistan has taken note of the ju

Published 03 Oct, 2019 12:00am

Hyderabad Fund Case: government closely examining all aspects of UK's court judgement: FO

Foreign Office (FO) said on Wednesday that Pakistan is closely examining all aspects of the detailed judgment of a UK's court in the Hyderabad Fund Case and will take further action in the light of legal advice received. "Pakistan has taken note of the ju

Published 03 Oct, 2019 12:00am

Inherited property: SC tells man to give due share to his sisters

The Supreme Court Wednesday directed a man to give due share from inherited property to his two sisters. A two-judge bench of the apex court was hearing a property dispute between one Abdul Ghafoor of Peshawar and his two sisters. Justice Qazi Faez Isa, a

Published 03 Oct, 2019 12:00am

Inherited property: SC tells man to give due share to his sisters

The Supreme Court Wednesday directed a man to give due share from inherited property to his two sisters. A two-judge bench of the apex court was hearing a property dispute between one Abdul Ghafoor of Peshawar and his two sisters. Justice Qazi Faez Isa, a

Published 03 Oct, 2019 12:00am

'Power' to release funds: Planning ministry, finance division in a tug of war

Ministry of Planning, Development and Reform and Finance Division are reportedly in a tug of war over "power" to release funds for projects under PSDP, well-informed sources in Finance Division told Business Recorder. Sharing details, sources said,

Published 03 Oct, 2019 12:00am

'Power' to release funds: Planning ministry, finance division in a tug of war

Ministry of Planning, Development and Reform and Finance Division are reportedly in a tug of war over "power" to release funds for projects under PSDP, well-informed sources in Finance Division told Business Recorder. Sharing details, sources said,

Published 03 Oct, 2019 12:00am

PM terms CPEC a manifestation of Pak-China friendship

Prime Minister Imran Khan has reaffirmed the commitment for timely completion of CPEC related projects. He was presiding over a meeting on Wednesday to review progress on the corridor projects and cooperation with China in other sectors of the economy. Im

Published 03 Oct, 2019 12:00am

PM terms CPEC a manifestation of Pak-China friendship

Prime Minister Imran Khan has reaffirmed the commitment for timely completion of CPEC related projects. He was presiding over a meeting on Wednesday to review progress on the corridor projects and cooperation with China in other sectors of the economy. Im

Published 03 Oct, 2019 12:00am

ECC decides to increase power tariff by Re 0.53 per unit

The Economic Coordination Committee (ECC) has decided to increase electricity tariff by Re 0.53 per unit on account of annual tariff adjustment and distribution margin. Sources on condition of anonymity said that increase may be of Re 0.83 per unit instea

Published 03 Oct, 2019 12:00am

ECC decides to increase power tariff by Re 0.53 per unit

The Economic Coordination Committee (ECC) has decided to increase electricity tariff by Re 0.53 per unit on account of annual tariff adjustment and distribution margin. Sources on condition of anonymity said that increase may be of Re 0.83 per unit instea

Published 03 Oct, 2019 12:00am

The Weather

The weather report on Wednesday (October 02, 2019) and the forecast for Thursday (October 03, 2019).

Updated 03 Oct, 2019 05:23am

Exchange

Major IT firms decide to quote prices in US dollar

Some leading players of the IT industry in the country have decided to quote prices in US dollar. In this regard, a letter was signed by top players of the IT infrastructure industry and they have disseminated the notification to their customers as well,

Published 03 Oct, 2019 12:00am

Exchange

India-Pakistan nuclear war could kill 100 million

The year is 2025 and militants have attacked India's parliament, killing most of its leaders. New Delhi retaliates by sending tanks into Azad Jammu and Kashmir. Fearing it will be overrun, Islamabad hits the invading forces with its battlefield nuclear we

Published 03 Oct, 2019 12:00am

Exchange

India-Pakistan nuclear war could kill 100 million

The year is 2025 and militants have attacked India's parliament, killing most of its leaders. New Delhi retaliates by sending tanks into Azad Jammu and Kashmir. Fearing it will be overrun, Islamabad hits the invading forces with its battlefield nuclear we

Published 03 Oct, 2019 12:00am

Kargil's apricot harvest rotting

Nearly two months after the Indian government changed the status of the disputed Himalayan region of Kashmir, new tensions are brewing in occupied Ladakh, a remote and picturesque part of that territory that borders China.

Published 03 Oct, 2019 12:00am

Kargil's apricot harvest rotting

Nearly two months after the Indian government changed the status of the disputed Himalayan region of Kashmir, new tensions are brewing in occupied Ladakh, a remote and picturesque part of that territory that borders China.

Published 03 Oct, 2019 12:00am

Khalilzad to hold talks with PM, army chief

US Special Representative for Afghanistan Reconciliation Zalmay Khalilzad and a high-level Afghan Taliban delegation are in Islamabad for crucial talks with civil and military leadership 'to discuss possibilities of resuming the paused political settlemen

Published 03 Oct, 2019 12:00am

Khalilzad to hold talks with PM, army chief

US Special Representative for Afghanistan Reconciliation Zalmay Khalilzad and a high-level Afghan Taliban delegation are in Islamabad for crucial talks with civil and military leadership 'to discuss possibilities of resuming the paused political settlemen

Published 03 Oct, 2019 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (October 02, 2019).

Updated 03 Oct, 2019 05:48am

Exchange

LME official prices

The following were Tuesday official prices.

Published 03 Oct, 2019 12:00am

Exchange

LME official prices

The following were Tuesday official prices.

Published 03 Oct, 2019 12:00am

Item	Value
Petrol/Litre / Jan 1	252.63
Diesel/Litre / Jan 1	256.64

Stock	Price
Grays Leasing / May 13 Grays Leasing Limited(GRYL)	4.51 ▲ 0.72 (19%)
TPL Trakker Ltd / May 13 TPL Trakker Limited(TPLT)	6.59 ▲ 1 (17.89%)
Al-Shaheer Corp / May 13 Al Shaheer Corporation Limited(ASC)	6.88 ▲ 1 (17.01%)
B. F. Mod. / May 13 B.F. Modaraba(BFMOD)	8.34 ▲ 1 (13.62%)
Burj Clean Energy Modaraba / May 13 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.11 ▲ 1 (12.33%)
Mahanna Islamic Index / May 13 Mahanna Islamic Index Traded Fund(MIIETF)	15.47 ▲ 1.65 (11.94%)
Haseeb Waqas / May 13 Haseeb Waqas Sugar Mills Limited(HWQS)	9.59 ▲ 1 (11.64%)
Gulshan Sp. / May 13 Gulshan Spinning Mills Limited(GSPM)	3.40 ▲ 0.35 (11.48%)
Ghazi Fabrics / May 13 Ghazi Fabrics International Limited(GFIL)	10.17 ▲ 1 (10.91%)
PIA Holding Co.Ltd / May 13 PIA Holding Company Limited(PIAHCLA)	14.80 ▲ 1.35 (10.04%)

Stock	Price
Power Cem(Pref) / May 13 Power Cement (Pref)(POWERPS)	15.35 ▼ -1.71 (-10.02%)
Bilal Fibres / May 13 Bilal Fibres Limited(BILF)	19.59 ▼ -2.18 (-10.01%)
TPL Life Insur. / May 13 TPL Life Insurance Limited(TPLL)	46.80 ▼ -5.2 (-10%)
Din Tex. / May 13 Din Textile Mills Limited(DINT)	45 ▼ -4.99 (-9.98%)
Mughal Energy / May 13 Mughal Energy Limited(GEM)(GEMMEL)	19.90 ▼ -2.12 (-9.63%)
Suhail Jute / May 13 Suhail Jute Mills Limited(SUHJ)	78.36 ▼ -8.24 (-9.52%)
First Punjab Modaraba / May 13 First Punjab Modaraba(FPJM)	2.77 ▼ -0.28 (-9.18%)
Parmount Sp. / May 13 Paramount Spinning Mills Limited(PASM)	3.36 ▼ -0.31 (-8.45%)
First AL-Noor Mod. / May 13 First Al-Noor Modaraba(FANM)	2.95 ▼ -0.25 (-7.81%)
First IBL Mod. / May 13 First IBL Modaraba(FIBLM)	3 ▼ -0.24 (-7.41%)

Stock	Volume
WorldCall Telecom / May 13 Worldcall Telecom Limited(WTL)	41,734,903 ▼ -0.06
Maple Leaf Cement / May 13 Maple Leaf Cement Factory Limited(MLCF)	41,052,877 ▲ 6.27
Sui South Gas / May 13 Sui Southern Gas Company Limited(SSGC)	35,773,773 ▲ 2.33
Oil & Gas Dev. / May 13 Oil & Gas Development Company Limited(OGDC)	30,912,153 ▲ 15.65
B.O.Punjab / May 13 The Bank of Punjab(BOP)	24,175,098 ▼ -0.16
Cnergyico PK / May 13 Cnergyico PK Limited(CNERGY)	24,174,880 ▼ -0.09
K-Electric Ltd. / May 13 K-Electric Limited(KEL)	23,803,446 ▼ -0.22
At-Tahur Ltd. / May 13 At-Tahur Limited(PREMA)	21,754,749 ▼ -3.25
Fauji Cement / May 13 Fauji Cement Company Limited(FCCL)	20,681,855 ▲ 1.82
D.G.K.Cement / May 13 D.G. Khan Cement Company Limited(DGKC)	19,785,523 ▲ 10.35

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