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Print - 2019-07-04
PM for more stringent action against gas thieves

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

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
'Afghan peace talks'

'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

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

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

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
The bane of horse-trading
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

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

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
Protection from taxation not listed as fundamental right: CJP

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
Protection from taxation not listed as fundamental right: CJP

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

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
BK Birla dies at 98

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

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

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

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

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

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
NAB grills Ahsan Iqbal

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

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
Park Lane case: NAB decides to file reference against Zardari

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

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

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

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

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
Amnesty scheme fetches Rs 60 billion so far

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
Amnesty scheme fetches Rs 60 billion so far

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
$6 billion loan approved by IMF board
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
$6 billion loan approved by IMF board
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
$6 billion loan approved by IMF board
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
KSE-100 Index cements its gains: BRIndex100 stays bullish
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
KSE-100 Index cements its gains: BRIndex100 stays bullish
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
KSE-100 Index cements its gains: BRIndex100 stays bullish
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

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

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

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

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

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

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

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
Cotton Spot Rates

Cotton Spot Rates

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

Published 04 Jul, 2019 12:00am
Lahore Grain Market Rates

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

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
Government all set to privatise Discos

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
Government all set to privatise Discos

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

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

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

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

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
THE RUPEE: rising trend
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

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
THE RUPEE: rising trend
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

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
Outage hits Facebook services worldwide

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
Outage hits Facebook services worldwide

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
Member to Member

Member to Member

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

Published 04 Jul, 2019 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 04 Jul, 2019 12:00am