BR100 Increased By (0.99%)
BR30 Increased By (1.17%)
KSE100 Increased By (0.81%)
KSE30 Increased By (0.77%)
BECO 5.68 Increased By ▲ 0.09 (1.61%)
BML 64.84 Increased By ▲ 3.81 (6.24%)
BOP 33.60 Increased By ▲ 0.35 (1.05%)
CNERGY 8.24 Increased By ▲ 0.19 (2.36%)
DCL 11.35 Increased By ▲ 0.05 (0.44%)
FCCL 52.91 Decreased By ▼ -0.02 (-0.04%)
FCSC 5.52 Increased By ▲ 0.18 (3.37%)
FFL 17.80 Increased By ▲ 0.19 (1.08%)
FNEL 1.30 Decreased By ▼ -0.01 (-0.76%)
HUMNL 11.24 Increased By ▲ 0.12 (1.08%)
KEL 7.97 Increased By ▲ 0.08 (1.01%)
KOSM 5.44 Increased By ▲ 0.11 (2.06%)
MLCF 86.01 Increased By ▲ 0.66 (0.77%)
NBP 185.00 Increased By ▲ 3.71 (2.05%)
PACE 12.02 Increased By ▲ 0.49 (4.25%)
PAEL 40.21 Increased By ▲ 0.80 (2.03%)
PIAHCLA 25.73 Increased By ▲ 0.10 (0.39%)
PIBTL 17.32 Increased By ▲ 0.17 (0.99%)
PPL 225.30 Increased By ▲ 0.48 (0.21%)
PRL 34.38 Increased By ▲ 0.20 (0.59%)
PTC 65.46 Increased By ▲ 0.38 (0.58%)
SEARL 90.51 Increased By ▲ 0.91 (1.02%)
SSGC 26.76 Increased By ▲ 0.45 (1.71%)
TELE 8.96 Increased By ▲ 0.58 (6.92%)
THCCL 69.44 Increased By ▲ 0.10 (0.14%)
TPLP 11.31 Increased By ▲ 1.03 (10.02%)
TREET 24.55 Increased By ▲ 0.35 (1.45%)
TRG 71.67 Increased By ▲ 2.13 (3.06%)
WAVES 11.45 Increased By ▲ 0.42 (3.81%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)
اردو
Android App
Print Edition Dollar to PKR
Budget 2026-27 Iran-US war Petrol Prices Gold Rates Podcasts PSX Notices
Archive - 2018-01-17
Peru ex-president leaves hospital
World

Peru ex-president leaves hospital

LIMA: Alberto Fujimori, Peru's pardoned former president who was until recently serving a 25-year sentence for human rig
Published 17 Jan, 2018 09:01am
The culture of smuggling
Miscellaneous

The culture of smuggling

Smuggling has seeped into Pakistan and has become a form of culture. This month the President of Lahore Chamber of Comme
Updated 17 Jan, 2018 06:31am
SME clinics
Banking

SME clinics

Yesterday’s piece on SME flagged the need for better understanding of demand side of SME finance – especially from motiv
Published 17 Jan, 2018 06:11am
Knocking the IMF again?
Miscellaneous

Knocking the IMF again?

The most burning issue the economy faces today is whether Pakistan is going back to the IMF and when if it is. The quest
Published 17 Jan, 2018 06:09am
Declaration against terrorism issued

Declaration against terrorism issued

President Mamnoon Hussain has issued unanimous declaration of the nation against terrorism, which said that use of force and waging armed struggle in the name of enforcing Shariah and also acts of terrorism and sabotage in any shape exploiting linguistic,
Published 17 Jan, 2018 12:00am
Declaration against terrorism issued

Declaration against terrorism issued

President Mamnoon Hussain has issued unanimous declaration of the nation against terrorism, which said that use of force and waging armed struggle in the name of enforcing Shariah and also acts of terrorism and sabotage in any shape exploiting linguistic,
Published 17 Jan, 2018 12:00am
US urges Pakistan to address Haqqani network issue

US urges Pakistan to address Haqqani network issue

The United States has urged Pakistan to address the alleged continuing presence of the Haqqani network and other terrorist groups within its territory. The latest demand comes during the visit of the US Department of State's Bureau of South and Central As
Published 17 Jan, 2018 12:00am
US urges Pakistan to address Haqqani network issue

US urges Pakistan to address Haqqani network issue

The United States has urged Pakistan to address the alleged continuing presence of the Haqqani network and other terrorist groups within its territory. The latest demand comes during the visit of the US Department of State's Bureau of South and Central As
Published 17 Jan, 2018 12:00am
Sri Lankan counterpart told: CoAS explains operation against terrorists

Sri Lankan counterpart told: CoAS explains operation against terrorists

Chief of Army Staff (CoAS) General Qamar Javed Bajwa remarked on Tuesday that Pakistan and Sri Lanka are probably the only countries which understand what it takes to defeat the menace of terrorism. During an official visit to Sri Lanka on the invitation
Published 17 Jan, 2018 12:00am
Sri Lankan counterpart told: CoAS explains operation against terrorists

Sri Lankan counterpart told: CoAS explains operation against terrorists

Chief of Army Staff (CoAS) General Qamar Javed Bajwa remarked on Tuesday that Pakistan and Sri Lanka are probably the only countries which understand what it takes to defeat the menace of terrorism. During an official visit to Sri Lanka on the invitation
Published 17 Jan, 2018 12:00am
BRIndex100 retreats
Exchange

BRIndex100 retreats

Pakistan Stock Exchange Tuesday recovered its overnight losses on the back of healthy buying by both local and foreign investors in various sectors. BRIndex100 gained 77.06 points or 1.7 percent to close at 4,615.73 points. BRIndex100 touched an intraday
Published 17 Jan, 2018 12:00am
BRIndex100 retreats
Exchange

BRIndex100 retreats

Pakistan Stock Exchange Tuesday recovered its overnight losses on the back of healthy buying by both local and foreign investors in various sectors. BRIndex100 gained 77.06 points or 1.7 percent to close at 4,615.73 points. BRIndex100 touched an intraday
Published 17 Jan, 2018 12:00am
BRIndex100 retreats
Exchange

BRIndex100 retreats

Pakistan Stock Exchange Tuesday recovered its overnight losses on the back of healthy buying by both local and foreign investors in various sectors. BRIndex100 gained 77.06 points or 1.7 percent to close at 4,615.73 points. BRIndex100 touched an intraday
Published 17 Jan, 2018 12:00am
PAT protest begins today

PAT protest begins today

Pakistan Tehreek-e-Insaf (PTI) spokesman Fawad Chaudhry has stated that the PTI is not in alliance with Pakistan People's Party (PPP) as their participation in the Pakistan Awami Tehreek (PAT)'s protest is for a humanitarian cause. While addressing a pres
Published 17 Jan, 2018 12:00am
Turkmenistan creates working commission on TAPI project

Turkmenistan creates working commission on TAPI project

President of Turkmenistan Gurbanguly Berdimuhamedov signed a decree on establishment of a working commission to co-ordinate the implementation of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project, the Turkmen state news agency report
Published 17 Jan, 2018 12:00am
Turkmenistan creates working commission on TAPI project

Turkmenistan creates working commission on TAPI project

President of Turkmenistan Gurbanguly Berdimuhamedov signed a decree on establishment of a working commission to co-ordinate the implementation of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project, the Turkmen state news agency report
Published 17 Jan, 2018 12:00am
Turkmenistan creates working commission on TAPI project

Turkmenistan creates working commission on TAPI project

President of Turkmenistan Gurbanguly Berdimuhamedov signed a decree on establishment of a working commission to co-ordinate the implementation of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project, the Turkmen state news agency report
Published 17 Jan, 2018 12:00am
First half FDI down 3 percent

First half FDI down 3 percent

Foreign Direct Investment (FDI) presented a dismal performance, posting some 3 percent decline during first half (July-Dec) of this fiscal year (FY18). Economists said the ongoing political uncertainty is a major contributor to the lower foreign investmen
Published 17 Jan, 2018 12:00am
First half FDI down 3 percent

First half FDI down 3 percent

Foreign Direct Investment (FDI) presented a dismal performance, posting some 3 percent decline during first half (July-Dec) of this fiscal year (FY18). Economists said the ongoing political uncertainty is a major contributor to the lower foreign investmen
Published 17 Jan, 2018 12:00am
First half FDI down 3 percent

First half FDI down 3 percent

Foreign Direct Investment (FDI) presented a dismal performance, posting some 3 percent decline during first half (July-Dec) of this fiscal year (FY18). Economists said the ongoing political uncertainty is a major contributor to the lower foreign investmen
Published 17 Jan, 2018 12:00am
STPF 2015-2018 is a failure, top MoC official tells Senate body

STPF 2015-2018 is a failure, top MoC official tells Senate body

Secretary Commerce Younus Dagha on Tuesday acknowledged that Strategic Trade Policy Framework (STPF) 2015-18, a brain child of former Commerce Minister, Khurram Dastgir, was a failure but the government cannot disown it. He made these comments during a br
Published 17 Jan, 2018 12:00am
STPF 2015-2018 is a failure, top MoC official tells Senate body

STPF 2015-2018 is a failure, top MoC official tells Senate body

Secretary Commerce Younus Dagha on Tuesday acknowledged that Strategic Trade Policy Framework (STPF) 2015-18, a brain child of former Commerce Minister, Khurram Dastgir, was a failure but the government cannot disown it. He made these comments during a br
Published 17 Jan, 2018 12:00am
STPF 2015-2018 is a failure, top MoC official tells Senate body

STPF 2015-2018 is a failure, top MoC official tells Senate body

Secretary Commerce Younus Dagha on Tuesday acknowledged that Strategic Trade Policy Framework (STPF) 2015-18, a brain child of former Commerce Minister, Khurram Dastgir, was a failure but the government cannot disown it. He made these comments during a br
Published 17 Jan, 2018 12:00am
Cyber, electronic and IT offences included in existing law

Cyber, electronic and IT offences included in existing law

A meeting of the federal cabinet has approved amendment to the Federal Investigation Act, 1974 to include cyber, electronic and IT offenses in the Act. A meeting of the federal cabinet presided over by Prime Minister Shahid Khaqan Abbasi, sources maintain
Published 17 Jan, 2018 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 17 Jan, 2018 12:00am
Cyber, electronic and IT offences included in existing law

Cyber, electronic and IT offences included in existing law

A meeting of the federal cabinet has approved amendment to the Federal Investigation Act, 1974 to include cyber, electronic and IT offenses in the Act. A meeting of the federal cabinet presided over by Prime Minister Shahid Khaqan Abbasi, sources maintain
Published 17 Jan, 2018 12:00am
India to buy guns worth $553 million for border troops

India to buy guns worth $553 million for border troops

India will buy more than 160,000 guns worth $553 million for troops on its disputed, high-altitude borders, the defence ministry said Tuesday. The defence acquisition council cleared the purchase of 72,400 assault rifles and 93,895 carbines for 35 billion
Published 17 Jan, 2018 12:00am
Around 1,400 migrants rescued in Mediterranean, two bodies recovered

Around 1,400 migrants rescued in Mediterranean, two bodies recovered

Some 1,400 migrants were pulled to safety in the Mediterranean on Tuesday, while rescuers recovered two lifeless bodies from boats attempting the perilous crossing, Italy's coast guard said. The Spanish charity Proactiva Open Arms said it had come to the
Published 17 Jan, 2018 12:00am
US withholds $65 million from UN agency for Palestinians

US withholds $65 million from UN agency for Palestinians

The United States sent $60 million to keep the UN relief agency for Palestinian refugees operating Tuesday but withheld a further $65 million, urging others to pay more. A State Department official said the US had held back more than half of the voluntary
Published 17 Jan, 2018 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (January 16, 2018).

Published 17 Jan, 2018 12:00am
PM says dissolution of assemblies rests with PML-N

PM says dissolution of assemblies rests with PML-N

Prime Minister Shahid Khaqan Abbasi has said that the country and the democracy need timely conduct of general elections. Speaking to a private TV channel on Tuesday, he said that his office requires taking difficult decisions and there are huge responsib
Published 17 Jan, 2018 12:00am
PM says dissolution of assemblies rests with PML-N

PM says dissolution of assemblies rests with PML-N

Prime Minister Shahid Khaqan Abbasi has said that the country and the democracy need timely conduct of general elections. Speaking to a private TV channel on Tuesday, he said that his office requires taking difficult decisions and there are huge responsib
Published 17 Jan, 2018 12:00am
Clarification

Clarification

The Ministry of Commerce strongly refutes the news appearing in Business Recorder dated 16th January 2018, under the headline 'Pak-China FTA Phase II talks hit snag". The news is misleading and contrary to the facts. The FTA Phase II negotiations b
Published 17 Jan, 2018 12:00am
Clarification

Clarification

The Ministry of Commerce strongly refutes the news appearing in Business Recorder dated 16th January 2018, under the headline 'Pak-China FTA Phase II talks hit snag". The news is misleading and contrary to the facts. The FTA Phase II negotiations b
Published 17 Jan, 2018 12:00am
Clarification

Clarification

The Ministry of Commerce strongly refutes the news appearing in Business Recorder dated 16th January 2018, under the headline ''Pak-China FTA Phase II talks hit snag". The news is misleading and contrary to the facts. The FTA Phase II negotiations
Published 17 Jan, 2018 12:00am
THE RUPEE: range-bound trade
Currency

THE RUPEE: range-bound trade

The rupee reacted positively against the dollar on the money market on Tuesday in the process of trading activity, dealers said. The rupee also rose by one paisa in relation to the dollar for buying and selling at Rs 110.54 and Rs 110.55 respectively, the
Published 17 Jan, 2018 12:00am
THE RUPEE: range-bound trade
Currency

THE RUPEE: range-bound trade

The rupee reacted positively against the dollar on the money market on Tuesday in the process of trading activity, dealers said. The rupee also rose by one paisa in relation to the dollar for buying and selling at Rs 110.54 and Rs 110.55 respectively, the
Published 17 Jan, 2018 12:00am
GE points to $11 billion hit in Q4, examining options

GE points to $11 billion hit in Q4, examining options

General Electric Co's full-year 2017 profit will be at the bottom end of its earlier guidance, company officials said on Tuesday, as it announced more than $11 billion in charges for tax changes and its legacy long-term care insurance portfolio.
Published 17 Jan, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (January 16, 2018).

Published 17 Jan, 2018 12:00am
GE points to $11 billion hit in Q4, examining options

GE points to $11 billion hit in Q4, examining options

General Electric Co's full-year 2017 profit will be at the bottom end of its earlier guidance, company officials said on Tuesday, as it announced more than $11 billion in charges for tax changes and its legacy long-term care insurance portfolio.
Published 17 Jan, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (January 16, 2018).

Published 17 Jan, 2018 12:00am
GE points to $11 billion hit in Q4, examining options

GE points to $11 billion hit in Q4, examining options

General Electric Co''s full-year 2017 profit will be at the bottom end of its earlier guidance, company officials said on Tuesday, as it announced more than $11 billion in charges for tax changes and its legacy long-term care insurance portfolio.
Published 17 Jan, 2018 12:00am
GE points to $11 billion hit in Q4, examining options

GE points to $11 billion hit in Q4, examining options

General Electric Co''''s full-year 2017 profit will be at the bottom end of its earlier guidance, company officials said on Tuesday, as it announced more than $11 billion in charges for tax changes and its legacy long-term care insurance portfolio.
Published 17 Jan, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (January 16, 2018)

Published 17 Jan, 2018 12:00am
SHC orders millers to buy sugarcane at Rs 172 per 40kg

SHC orders millers to buy sugarcane at Rs 172 per 40kg

The Sindh High Court on Tuesday ordered the owners of sugar mills to purchase sugarcane at the price of Rs 172 per 40 kilograms till further orders. A two-member bench of the SHC issued orders in a case related to the fixation of sugarcane price and its p
Published 17 Jan, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (January 16, 2018).

Published 17 Jan, 2018 12:00am
SHC orders millers to buy sugarcane at Rs 172 per 40kg

SHC orders millers to buy sugarcane at Rs 172 per 40kg

The Sindh High Court on Tuesday ordered the owners of sugar mills to purchase sugarcane at the price of Rs 172 per 40 kilograms till further orders. A two-member bench of the SHC issued orders in a case related to the fixation of sugarcane price and its p
Published 17 Jan, 2018 12:00am
SHC orders millers to buy sugarcane at Rs 172 per 40kg

SHC orders millers to buy sugarcane at Rs 172 per 40kg

The Sindh High Court on Tuesday ordered the owners of sugar mills to purchase sugarcane at the price of Rs 172 per 40 kilograms till further orders. A two-member bench of the SHC issued orders in a case related to the fixation of sugarcane price and its p
Published 17 Jan, 2018 12:00am
Rice traders held in Kenya on charges of money laundering

Rice traders held in Kenya on charges of money laundering

Some eleven Pakistani rice traders have been arrested by Kenyan authorities in Mombassa on charges of money laundering; terrorist funding, fake passport and visas. Pakistani rice exporters have termed this action a conspiracy against rice trade and urged
Published 17 Jan, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (January 16, 2018).

Published 17 Jan, 2018 12:00am
Rice traders held in Kenya on charges of money laundering

Rice traders held in Kenya on charges of money laundering

Some eleven Pakistani rice traders have been arrested by Kenyan authorities in Mombassa on charges of money laundering; terrorist funding, fake passport and visas. Pakistani rice exporters have termed this action a conspiracy against rice trade and urged
Published 17 Jan, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (January 16, 2018).

Published 17 Jan, 2018 12:00am
Rice traders held in Kenya on charges of money laundering

Rice traders held in Kenya on charges of money laundering

Some eleven Pakistani rice traders have been arrested by Kenyan authorities in Mombassa on charges of money laundering; terrorist funding, fake passport and visas. Pakistani rice exporters have termed this action a conspiracy against rice trade and urged
Published 17 Jan, 2018 12:00am
The Weather

The Weather

The weather report on Tuesday (January 16, 2018) and the forecast for Wednesday (January 17, 2018).

Published 17 Jan, 2018 12:00am
India ends decades-old subsidy for Hajj pilgrims

India ends decades-old subsidy for Hajj pilgrims

India's Hindu nationalist government is ending a decades-long policy of offering discounted airfares to Muslims embarking on the Hajj pilgrimage, it announced Tuesday. The right-wing Bharatiya Janata Party has accused its opponents in the Congress party -
Published 17 Jan, 2018 12:00am
India ends decades-old subsidy for Hajj pilgrims

India ends decades-old subsidy for Hajj pilgrims

India's Hindu nationalist government is ending a decades-long policy of offering discounted airfares to Muslims embarking on the Hajj pilgrimage, it announced Tuesday. The right-wing Bharatiya Janata Party has accused its opponents in the Congress party -
Published 17 Jan, 2018 12:00am
Rise in debt stocks
Exchange

Rise in debt stocks

According to the latest statistics released by the State Bank, the federal government's debt stocks (domestic and external) posted an increase of Rs 1.09 trillion or 5 percent from Rs 20.768 trillion as on June 30, 2017 to Rs 21.861 trillion by the end of
Published 17 Jan, 2018 12:00am
Alice in Islamabad

Alice in Islamabad

Can the current US-Pakistan relationship be summed up in the words of a poet who in her How Do I Love Thee said: "I love thee to the depth, breadth and height My soul can reach..."? Or, can it be described in the words of another poet: "Each corpuscle sin
Published 17 Jan, 2018 12:00am
SBP autonomy and monetary policy - II
Exchange

SBP autonomy and monetary policy - II

Let us now discuss Section-9B that was part of amending Ordinance of 1993 aimed at giving autonomy to SBP. The lawmakers thought it was necessary to have coordination between the central bank, on the one hand, and the key economic ministries, on the other
Published 17 Jan, 2018 12:00am
A capsule view of Indian economy
Cotton

A capsule view of Indian economy

Pakistan is justified in being wary of India; perhaps even being not on talking terms with our bigger eastern neighbour. And Kashmir being the major dispute between the two for which India and Pakistan have gone to war on three occasions it is more than j
Published 17 Jan, 2018 12:00am
Saudi Aramco snubs UBS and Bank of America for listing roles

Saudi Aramco snubs UBS and Bank of America for listing roles

Saudi Aramco has not invited UBS and Bank of America Merrill Lynch to pitch for senior advisory roles in its stock market listing because they have not lent money to the state oil giant in recent years, according to five finance sources.
Published 17 Jan, 2018 12:00am
Karachi prior to the 1970s

Karachi prior to the 1970s

How fascinating is the account of Business Recorder op-ed writer Farooq Hassan about Karachi: "In the late 1960s Karachi was a swinging city. Dubai was not yet born. Bombay, to the south east, was run by mobs. Kabul was also swinging. ...The Taliba
Published 17 Jan, 2018 12:00am
OLMTP: review petition filed in Supreme Court

OLMTP: review petition filed in Supreme Court

A bar member on Tuesday filed a review petition before the Supreme Court challenging a larger bench's decision allowing construction of Orange Line Metro Train Project (OLMTP). Azhar Siddique submitted in his petition that the larger bench of the Supreme
Published 17 Jan, 2018 12:00am
Previous Day