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Archive - 2018-01-26
SBP policy rate raised to 6 percent
Pakistan Top News

SBP policy rate raised to 6 percent

KARACHI: The State Bank of Pakistan on Friday raised its policy rate by 25 basis points to 6 percent to pre-empt ove
Published 26 Jan, 2018 09:00pm
SBP injects Rs885bn into market    
Top News

SBP injects Rs885bn into market    

KARACHI: State Bank of Pakistan on Friday injected Rs 885 billion into money market for seven days as reverse repo throu
Published 26 Jan, 2018 09:19am
On COD’s prevalence
Miscellaneous

On COD’s prevalence

The market size for business-to-consumer (B2C) e-commerce in Pakistan finally has a credible estimate. The State Bank of
Published 26 Jan, 2018 05:47am
Tourism: open the door
Miscellaneous

Tourism: open the door

Foreign tourism could arguably be Pakistan’s best bet to counter a harsh narrative overseas. This column has previously
Published 26 Jan, 2018 05:48am
Trump set to visit Britain this year
World Top News

Trump set to visit Britain this year

LONDON: US President Donald Trump is set to visit Britain later this year, after he and British Prime Minister There
Updated 26 Jan, 2018 05:49am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (January 25, 2018).
Published 26 Jan, 2018 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (January 25, 2018).

Published 26 Jan, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (January 25, 2018).

Published 26 Jan, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (January 25, 2018).

Published 26 Jan, 2018 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (January 25, 2018).

Published 26 Jan, 2018 12:00am
US drone hits Afghan refugee camp: FO

US drone hits Afghan refugee camp: FO

Pakistan Thursday insisted that the US drone strike on Wednesday targeted an Afghan refugee camp in Kurram Agency, albeit the United States rejected this claim as false. "Pakistan's position remains the same," Spokesperson Foreign Office Dr Mohammad Faisa
Published 26 Jan, 2018 12:00am
US drone hits Afghan refugee camp: FO

US drone hits Afghan refugee camp: FO

Pakistan Thursday insisted that the US drone strike on Wednesday targeted an Afghan refugee camp in Kurram Agency, albeit the United States rejected this claim as false. "Pakistan's position remains the same," Spokesperson Foreign Office Dr Mohammad Faisa
Published 26 Jan, 2018 12:00am
CoAS, Zakhilwal discuss security of region

CoAS, Zakhilwal discuss security of region

Chief of Army Staff (COAS) General Qamar Javed Bajwa met with Afghan Ambassador to Islamabad Dr Omar Zakhilwal on Thursday to discuss the steps that would help improve mutual trust between the two countries. Dr Omar Zakhilwal tweeted: "This morning (I) me
Published 26 Jan, 2018 12:00am
CoAS, Zakhilwal discuss security of region

CoAS, Zakhilwal discuss security of region

Chief of Army Staff (COAS) General Qamar Javed Bajwa met with Afghan Ambassador to Islamabad Dr Omar Zakhilwal on Thursday to discuss the steps that would help improve mutual trust between the two countries. Dr Omar Zakhilwal tweeted: "This morning (I) me
Published 26 Jan, 2018 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Thursday (January 25, 2018).

Published 26 Jan, 2018 12:00am
US sparks fears of trade war: Noah Barkin & Yara Bayoumy
Currency

US sparks fears of trade war: Noah Barkin & Yara Bayoumy

A day after sending the dollar reeling with comments supportive of a weak US currency, US Treasury Secretary Steven Mnuchin said the Trump administration was not seeking a trade war but would defend its economic interests. At a news conference at the Worl
Published 26 Jan, 2018 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Thursday (January 25, 2018).

Published 26 Jan, 2018 12:00am
US sparks fears of trade war: Noah Barkin & Yara Bayoumy
Currency

US sparks fears of trade war: Noah Barkin & Yara Bayoumy

A day after sending the dollar reeling with comments supportive of a weak US currency, US Treasury Secretary Steven Mnuchin said the Trump administration was not seeking a trade war but would defend its economic interests. At a news conference at the Worl
Published 26 Jan, 2018 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Thursday (January 25, 2018).

Published 26 Jan, 2018 12:00am
US sparks fears of trade war: Noah Barkin & Yara Bayoumy
Currency

US sparks fears of trade war: Noah Barkin & Yara Bayoumy

A day after sending the dollar reeling with comments supportive of a weak US currency, US Treasury Secretary Steven Mnuchin said the Trump administration was not seeking a trade war but would defend its economic interests. At a news conference at the Worl
Published 26 Jan, 2018 12:00am
CPEC to provide dividends for centuries: PM

CPEC to provide dividends for centuries: PM

Prime Minister Shahid Khaqan Abbasi Thursday said the China Pakistan Economic Corridor (CPEC) would provide dividends for centuries to come in the shape of employment generation, industrial growth and connectivity. Speaking at a breakfast meeting arranged
Published 26 Jan, 2018 12:00am
CPEC to provide dividends for centuries: PM

CPEC to provide dividends for centuries: PM

Prime Minister Shahid Khaqan Abbasi Thursday said the China Pakistan Economic Corridor (CPEC) would provide dividends for centuries to come in the shape of employment generation, industrial growth and connectivity. Speaking at a breakfast meeting arranged
Published 26 Jan, 2018 12:00am
CPEC to provide dividends for centuries: PM

CPEC to provide dividends for centuries: PM

Prime Minister Shahid Khaqan Abbasi Thursday said the China Pakistan Economic Corridor (CPEC) would provide dividends for centuries to come in the shape of employment generation, industrial growth and connectivity. Speaking at a breakfast meeting arranged
Published 26 Jan, 2018 12:00am
Renewable energy projects' progress reviewed

Renewable energy projects' progress reviewed

The Alternative Energy Development Board (AEDB) in its 42nd BoD meeting reviewed the progress of renewable energy projects and initiatives of the government and the AEDB for promotion of RE technologies in the country in view of the recent policy level de
Published 26 Jan, 2018 12:00am
Renewable energy projects' progress reviewed

Renewable energy projects' progress reviewed

The Alternative Energy Development Board (AEDB) in its 42nd BoD meeting reviewed the progress of renewable energy projects and initiatives of the government and the AEDB for promotion of RE technologies in the country in view of the recent policy level de
Published 26 Jan, 2018 12:00am
Renewable energy projects'' progress reviewed

Renewable energy projects'' progress reviewed

The Alternative Energy Development Board (AEDB) in its 42nd BoD meeting reviewed the progress of renewable energy projects and initiatives of the government and the AEDB for promotion of RE technologies in the country in view of the recent policy level de
Published 26 Jan, 2018 12:00am
Five solar power projects: Nepra announces levelised tariffs
Exchange

Five solar power projects: Nepra announces levelised tariffs

National Electric Power Regulatory Authority (Nepra) on Thursday announced levelised tariffs of five solar power projects for 25 years after several hearings. The level tariff for 100MW Zurlu solar power project has been fixed at Rs 5.3086 per unit and Rs
Published 26 Jan, 2018 12:00am
Five solar power projects: Nepra announces levelised tariffs
Exchange

Five solar power projects: Nepra announces levelised tariffs

National Electric Power Regulatory Authority (Nepra) on Thursday announced levelised tariffs of five solar power projects for 25 years after several hearings. The level tariff for 100MW Zurlu solar power project has been fixed at Rs 5.3086 per unit and Rs
Published 26 Jan, 2018 12:00am
Five solar power projects: Nepra announces levelised tariffs
Exchange

Five solar power projects: Nepra announces levelised tariffs

National Electric Power Regulatory Authority (Nepra) on Thursday announced levelised tariffs of five solar power projects for 25 years after several hearings. The level tariff for 100MW Zurlu solar power project has been fixed at Rs 5.3086 per unit and Rs
Published 26 Jan, 2018 12:00am
ECB keeps policy unchanged, faces questions over euro surge

ECB keeps policy unchanged, faces questions over euro surge

The European Central Bank kept its ultra-easy policy firmly on hold on Thursday but ECB chief Mario Draghi will now face the difficult task of addressing the euro's potentially damaging surge against the dollar. Even as the euro zone economy roars ahead,
Published 26 Jan, 2018 12:00am
ECB keeps policy unchanged, faces questions over euro surge

ECB keeps policy unchanged, faces questions over euro surge

The European Central Bank kept its ultra-easy policy firmly on hold on Thursday but ECB chief Mario Draghi will now face the difficult task of addressing the euro's potentially damaging surge against the dollar. Even as the euro zone economy roars ahead,
Published 26 Jan, 2018 12:00am
ECB keeps policy unchanged, faces questions over euro surge

ECB keeps policy unchanged, faces questions over euro surge

The European Central Bank kept its ultra-easy policy firmly on hold on Thursday but ECB chief Mario Draghi will now face the difficult task of addressing the euro''s potentially damaging surge against the dollar. Even as the euro zone economy roars ahead,
Published 26 Jan, 2018 12:00am
Discos' consumers: Nepra approves Rs 3 per unit refund for December 2017

Discos' consumers: Nepra approves Rs 3 per unit refund for December 2017

The National Electric Power Regulatory Authority (Nepra) on Thursday approved refund of Rs 3 per unit for consumers of power Distribution Companies (Discos) on account of fuel price adjustment for December 2017. The decision was taken in a public hearing
Published 26 Jan, 2018 12:00am
Discos' consumers: Nepra approves Rs 3 per unit refund for December 2017

Discos' consumers: Nepra approves Rs 3 per unit refund for December 2017

The National Electric Power Regulatory Authority (Nepra) on Thursday approved refund of Rs 3 per unit for consumers of power Distribution Companies (Discos) on account of fuel price adjustment for December 2017. The decision was taken in a public hearing
Published 26 Jan, 2018 12:00am
CJP for enhancing competency of judiciary

CJP for enhancing competency of judiciary

Undersco-ring the importance of reforming a number of existing laws which are not consistent with the present framework of society, Chief Justice Mian Saqib Nisar on Thursday said that a standard of competency of judiciary is also connected with learning
Published 26 Jan, 2018 12:00am
CJP for enhancing competency of judiciary

CJP for enhancing competency of judiciary

Undersco-ring the importance of reforming a number of existing laws which are not consistent with the present framework of society, Chief Justice Mian Saqib Nisar on Thursday said that a standard of competency of judiciary is also connected with learning
Published 26 Jan, 2018 12:00am
BRIndex100 drops 26.36 points
Exchange

BRIndex100 drops 26.36 points

Pakistan Stock Exchange Thursday witnessed a declining trend as the investors opted to book profit on available margins. BRIndex100 lost 26.36 points or 0.54 percent to close at 4,832.56 points. BRIndex100 touched intraday high of 4,869.79 and intraday lo
Published 26 Jan, 2018 12:00am
BRIndex100 drops 26.36 points
Exchange

BRIndex100 drops 26.36 points

Pakistan Stock Exchange Thursday witnessed a declining trend as the investors opted to book profit on available margins. BRIndex100 lost 26.36 points or 0.54 percent to close at 4,832.56 points. BRIndex100 touched intraday high of 4,869.79 and intraday lo
Published 26 Jan, 2018 12:00am
BRIndex100 drops 26.36 points
Exchange

BRIndex100 drops 26.36 points

Pakistan Stock Exchange Thursday witnessed a declining trend as the investors opted to book profit on available margins. BRIndex100 lost 26.36 points or 0.54 percent to close at 4,832.56 points. BRIndex100 touched intraday high of 4,869.79 and intraday lo
Published 26 Jan, 2018 12:00am
Fitch revises outlook to negative
Exchange

Fitch revises outlook to negative

Fitch Ratings has revised the Outlooks on Pakistan's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to Negative from Stable and affirmed both IDRs at 'B'. A full list of rating actions is at the end of this rating action commentary.
Published 26 Jan, 2018 12:00am
Fitch revises outlook to negative
Exchange

Fitch revises outlook to negative

Fitch Ratings has revised the Outlooks on Pakistan's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to Negative from Stable and affirmed both IDRs at 'B'. A full list of rating actions is at the end of this rating action commentary.
Published 26 Jan, 2018 12:00am
Fitch revises outlook to negative
Exchange

Fitch revises outlook to negative

Fitch Ratings has revised the Outlooks on Pakistan''s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to Negative from Stable and affirmed both IDRs at ''B''. A full list of rating actions is at the end of this rating action commentary
Published 26 Jan, 2018 12:00am
Fitch revises outlook to negative
Exchange

Fitch revises outlook to negative

Fitch Ratings has revised the Outlooks on Pakistan''''s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to Negative from Stable and affirmed both IDRs at ''''B''''. A full list of rating actions is at the end of this rating action comm
Published 26 Jan, 2018 12:00am
FBR recovers over Rs 220 billion from defaulters
Cotton

FBR recovers over Rs 220 billion from defaulters

The Federal Board of Revenue (FBR) recovered Rs 220.812 billion on account of income tax, sales tax and FED from 99,229 tax defaulters during the last two years, 2015-16 and 2016-17. Minister of State for Finance, Revenue and Economic Affairs, Rana Muhamm
Published 26 Jan, 2018 12:00am
FBR recovers over Rs 220 billion from defaulters
Cotton

FBR recovers over Rs 220 billion from defaulters

The Federal Board of Revenue (FBR) recovered Rs 220.812 billion on account of income tax, sales tax and FED from 99,229 tax defaulters during the last two years, 2015-16 and 2016-17. Minister of State for Finance, Revenue and Economic Affairs, Rana Muhamm
Published 26 Jan, 2018 12:00am
FBR recovers over Rs 220 billion from defaulters
Cotton

FBR recovers over Rs 220 billion from defaulters

The Federal Board of Revenue (FBR) recovered Rs 220.812 billion on account of income tax, sales tax and FED from 99,229 tax defaulters during the last two years, 2015-16 and 2016-17. Minister of State for Finance, Revenue and Economic Affairs, Rana Muhamm
Published 26 Jan, 2018 12:00am
Zainab's case: SC orders fool-proof security for accused
Currency

Zainab's case: SC orders fool-proof security for accused

The Supreme Court on Thursday issued directives to Punjab Police chief and prison authorities to provide complete security to Mohammad Imran, the 'murderer' of minor Zainab in Kasur. Chief Justice Saqib Nisar took notice on Wednesday night over a televisi
Published 26 Jan, 2018 12:00am
Zainab's case: SC orders fool-proof security for accused
Currency

Zainab's case: SC orders fool-proof security for accused

The Supreme Court on Thursday issued directives to Punjab Police chief and prison authorities to provide complete security to Mohammad Imran, the 'murderer' of minor Zainab in Kasur. Chief Justice Saqib Nisar took notice on Wednesday night over a televisi
Published 26 Jan, 2018 12:00am
ISPR says drone targeted terrorist in refugee camp

ISPR says drone targeted terrorist in refugee camp

Pakistan Army Spokesman Major General Asif Ghafoor Thursday confirmed that the drone strike on January 24 near tribal areas targeted a terrorist who morphed into Afghan refugee's camp. Emphasizing upon the elimination of terrorist sanctuaries in Pakistan,
Published 26 Jan, 2018 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 26 Jan, 2018 12:00am
ISPR says drone targeted terrorist in refugee camp

ISPR says drone targeted terrorist in refugee camp

Pakistan Army Spokesman Major General Asif Ghafoor Thursday confirmed that the drone strike on January 24 near tribal areas targeted a terrorist who morphed into Afghan refugee's camp. Emphasizing upon the elimination of terrorist sanctuaries in Pakistan,
Published 26 Jan, 2018 12:00am
Myanmar says Richardson dropped from advisory panel

Myanmar says Richardson dropped from advisory panel

Veteran US diplomat Bill Richardson was pursuing "his own agenda" when he was asked to step down from Myanmar's international advisory board on the Rohingya crisis, a statement from the Myanmar government said on Thursday. Richardson said in an interview
Published 26 Jan, 2018 12:00am
Myanmar says Richardson dropped from advisory panel

Myanmar says Richardson dropped from advisory panel

Veteran US diplomat Bill Richardson was pursuing "his own agenda" when he was asked to step down from Myanmar's international advisory board on the Rohingya crisis, a statement from the Myanmar government said on Thursday. Richardson said in an interview
Published 26 Jan, 2018 12:00am
Senate amends rule to ensure sanctity of in-camera briefings
Exchange

Senate amends rule to ensure sanctity of in-camera briefings

After a dozens of senators leaked sensitive briefing by the Chief of Army Staff (COAS), the Senate on Thursday amended its rule, putting in place a tougher rule, under which a senator can be barred from attending 30 consecutive sittings of the House in ca
Published 26 Jan, 2018 12:00am
Senate amends rule to ensure sanctity of in-camera briefings
Exchange

Senate amends rule to ensure sanctity of in-camera briefings

After a dozens of senators leaked sensitive briefing by the Chief of Army Staff (COAS), the Senate on Thursday amended its rule, putting in place a tougher rule, under which a senator can be barred from attending 30 consecutive sittings of the House in ca
Published 26 Jan, 2018 12:00am
Three dead as packed Italy commuter train derails

Three dead as packed Italy commuter train derails

At least three people were killed and about 12 seriously injured after a packed Italian commuter train derailed Thursday near the northern city of Milan. Italian media quoted witnesses as saying that the regional train began to shake heavily as if it was
Published 26 Jan, 2018 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (January 25, 2018).

Published 26 Jan, 2018 12:00am
Three dead as packed Italy commuter train derails

Three dead as packed Italy commuter train derails

At least three people were killed and about 12 seriously injured after a packed Italian commuter train derailed Thursday near the northern city of Milan. Italian media quoted witnesses as saying that the regional train began to shake heavily as if it was
Published 26 Jan, 2018 12:00am
Sialvi calls off protest plan

Sialvi calls off protest plan

Pir Hameed Uddin Sialvi the Sajjadah Nashin of Astana-e-Aalia Sial Sharif has called off protest after holding a meeting with Punjab Chief Minister Shahbaz Sharif in Sargodha on Thursday. The Chief Minister agreed to form a committee to look into Pir Sial
Published 26 Jan, 2018 12:00am
Sialvi calls off protest plan

Sialvi calls off protest plan

Pir Hameed Uddin Sialvi the Sajjadah Nashin of Astana-e-Aalia Sial Sharif has called off protest after holding a meeting with Punjab Chief Minister Shahbaz Sharif in Sargodha on Thursday. The Chief Minister agreed to form a committee to look into Pir Sial
Published 26 Jan, 2018 12:00am
TCP's sugar tender fails to attract bids

TCP's sugar tender fails to attract bids

The Trading Corporation of Pakistan (TCP) sugar procurement tender failed to attract even a single bid, reportedly, due to lower price and strict conditions. Following the directives of the Economic Co-ordination Committee (ECC) of the Cabinet, the state-
Published 26 Jan, 2018 12:00am
TCP's sugar tender fails to attract bids

TCP's sugar tender fails to attract bids

The Trading Corporation of Pakistan (TCP) sugar procurement tender failed to attract even a single bid, reportedly, due to lower price and strict conditions. Following the directives of the Economic Co-ordination Committee (ECC) of the Cabinet, the state-
Published 26 Jan, 2018 12:00am
THE RUPEE: slight fall
Currency

THE RUPEE: slight fall

The rupee drifted lower slightly against the dollar on the money market on Thursday in the process of trading activity, dealers said. The rupee lost 10 paisas versus the dollar for buying at Rs 112.20 and the national currency fell by five paisas for sell
Published 26 Jan, 2018 12:00am
TCP''s sugar tender fails to attract bids

TCP''s sugar tender fails to attract bids

The Trading Corporation of Pakistan (TCP) sugar procurement tender failed to attract even a single bid, reportedly, due to lower price and strict conditions. Following the directives of the Economic Co-ordination Committee (ECC) of the Cabinet, the state-
Published 26 Jan, 2018 12:00am
THE RUPEE: slight fall
Currency

THE RUPEE: slight fall

The rupee drifted lower slightly against the dollar on the money market on Thursday in the process of trading activity, dealers said. The rupee lost 10 paisas versus the dollar for buying at Rs 112.20 and the national currency fell by five paisas for sell
Published 26 Jan, 2018 12:00am
Forms for annual financial statements of banks revised

Forms for annual financial statements of banks revised

The State Bank of Pakistan (SBP) has amended the existing format of annual financial statements of banks and they have been directed to prepare their annual financial statements on the revised form, effective from the accounting year ending 31st December,
Published 26 Jan, 2018 12:00am
Forms for annual financial statements of banks revised

Forms for annual financial statements of banks revised

The State Bank of Pakistan (SBP) has amended the existing format of annual financial statements of banks and they have been directed to prepare their annual financial statements on the revised form, effective from the accounting year ending 31st December,
Published 26 Jan, 2018 12:00am
Forms for annual financial statements of banks revised

Forms for annual financial statements of banks revised

The State Bank of Pakistan (SBP) has amended the existing format of annual financial statements of banks and they have been directed to prepare their annual financial statements on the revised form, effective from the accounting year ending 31st December,
Published 26 Jan, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (January 25, 2018).

Published 26 Jan, 2018 12:00am
British PM urges social media investors to act on abuse

British PM urges social media investors to act on abuse

British Prime Minister Theresa May will encourage activist investors on Thursday to pressure social media firms into clamping down on fake news, hate speech and sexual harassment. "Investors can make a big difference here by ensuring trust and safety issu
Published 26 Jan, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (January 25, 2018).

Published 26 Jan, 2018 12:00am
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