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Archive - 2018-06-12
JDW Sugar Mills Limited

JDW Sugar Mills Limited

Founded in 1990 as a private limited company in Rahim Yar Khan, Jehangir Tareen's JDW Sugar Mills Limited (PSX: JDWS) is by far the largest sugar producer in Pakistan. It single-handedly accounts for around 15-17 percent of Pakistan's sugar production. Wi
Updated 14 Jun, 2018 06:06am
Trump, Kim share historic handshake
Front Top News

Trump, Kim share historic handshake

Singapore: Donald Trump and Kim Jong Un shared warm words and a historic handshake Tuesday as they held an unprecedented
Published 12 Jun, 2018 07:38am
Kim vows to 'leave the past behind'
World Top News

Kim vows to 'leave the past behind'

Singapore: North Korea and the US have decided to "leave the past behind", Pyongyang's leader Kim Jong Un said after his
Published 12 Jun, 2018 07:18am
Rupee ride: round 3!
Banking

Rupee ride: round 3!

The pattern is now predictable; the caretakers are taking lead from where it was left by Miftah and Abassi duo. The firs
Published 12 Jun, 2018 06:33am
West at war?
Miscellaneous

West at war?

No one should be surprised at Transactional Trump’s attempts at tearing down the postwar, multilateral world order. But
Published 12 Jun, 2018 06:38am
Gold prices dicey
Miscellaneous

Gold prices dicey

Gold prices in the recent couple of months show a downward trend, which is surprising as increased geopolitical turmoil
Published 12 Jun, 2018 06:35am
PM forms body to remove bottlenecks in KPK-Fata merger process

PM forms body to remove bottlenecks in KPK-Fata merger process

Caretaker Prime Minister former Justice Nasir-ul-Mulk has constituted a committee to formulate a strategy for removing bottlenecks and making the merger process of Fata with Khyber Pakhtunkhwa smoothly. A meeting was chaired by the caretaker prime ministe
Published 12 Jun, 2018 12:00am
PM forms body to remove bottlenecks in KPK-Fata merger process

PM forms body to remove bottlenecks in KPK-Fata merger process

Caretaker Prime Minister former Justice Nasir-ul-Mulk has constituted a committee to formulate a strategy for removing bottlenecks and making the merger process of Fata with Khyber Pakhtunkhwa smoothly. A meeting was chaired by the caretaker prime ministe
Published 12 Jun, 2018 12:00am
Nawaz's counsel recuses himself from references

Nawaz's counsel recuses himself from references

In a major development, former Prime Minister Nawaz Sharif's counsel Khawaja Haris Monday recused himself from representing Sharif in three corruption references filed against him by National Accountability Bureau (NAB).
Published 12 Jun, 2018 12:00am
Nawaz's counsel recuses himself from references

Nawaz's counsel recuses himself from references

In a major development, former Prime Minister Nawaz Sharif's counsel Khawaja Haris Monday recused himself from representing Sharif in three corruption references filed against him by National Accountability Bureau (NAB).
Published 12 Jun, 2018 12:00am
NAB seeks placement of Sharif family's names on ECL

NAB seeks placement of Sharif family's names on ECL

National Accountability Bureau (NAB) again requested Ministry of Interior (MoI) on Monday to place the names of accused former Prime Minister Nawaz Sharif, his daughter, two sons and son-in-law on Exit Control List (ECL). A NAB official said the decision
Published 12 Jun, 2018 12:00am
NAB seeks placement of Sharif family's names on ECL

NAB seeks placement of Sharif family's names on ECL

National Accountability Bureau (NAB) again requested Ministry of Interior (MoI) on Monday to place the names of accused former Prime Minister Nawaz Sharif, his daughter, two sons and son-in-law on Exit Control List (ECL). A NAB official said the decision
Published 12 Jun, 2018 12:00am
Coal-fired plants: PPIB to amend PPAs

Coal-fired plants: PPIB to amend PPAs

The Private Power Infrastructure Board (PPIB) is to amend Power Purchase Agreements (PPAs) of two coal-fired power plants, which have reluctantly accepted proposed Liquidated Damages (LDs), well informed sources told Business Recorder.
Published 12 Jun, 2018 12:00am
Coal-fired plants: PPIB to amend PPAs

Coal-fired plants: PPIB to amend PPAs

The Private Power Infrastructure Board (PPIB) is to amend Power Purchase Agreements (PPAs) of two coal-fired power plants, which have reluctantly accepted proposed Liquidated Damages (LDs), well informed sources told Business Recorder.
Published 12 Jun, 2018 12:00am
Coal-fired plants: PPIB to amend PPAs

Coal-fired plants: PPIB to amend PPAs

The Private Power Infrastructure Board (PPIB) is to amend Power Purchase Agreements (PPAs) of two coal-fired power plants, which have reluctantly accepted proposed Liquidated Damages (LDs), well informed sources told Business Recorder.
Published 12 Jun, 2018 12:00am
Caretakers raise POL prices up to 8.9 percent

Caretakers raise POL prices up to 8.9 percent

The caretaker government Monday increased the prices of petroleum products by 8.9 percent with effect from June 12, 2018. According to caretaker government, in line with the global oil market trend, the following rates of different petroleum products have
Published 12 Jun, 2018 12:00am
Caretakers raise POL prices up to 8.9 percent

Caretakers raise POL prices up to 8.9 percent

The caretaker government Monday increased the prices of petroleum products by 8.9 percent with effect from June 12, 2018. According to caretaker government, in line with the global oil market trend, the following rates of different petroleum products have
Published 12 Jun, 2018 12:00am
Caretakers raise POL prices up to 8.9 percent

Caretakers raise POL prices up to 8.9 percent

The caretaker government Monday increased the prices of petroleum products by 8.9 percent with effect from June 12, 2018. According to caretaker government, in line with the global oil market trend, the following rates of different petroleum products have
Published 12 Jun, 2018 12:00am
External account: Exchange rate adjustment may contain imbalances: SBP

External account: Exchange rate adjustment may contain imbalances: SBP

The State Bank of Pakistan (SBP) Monday said the market-driven adjustment in the exchange rate along with other recent policy measures are expected to contain the imbalances in the external account. Money market remained volatile on the first working day
Published 12 Jun, 2018 12:00am
External account: Exchange rate adjustment may contain imbalances: SBP

External account: Exchange rate adjustment may contain imbalances: SBP

The State Bank of Pakistan (SBP) Monday said the market-driven adjustment in the exchange rate along with other recent policy measures are expected to contain the imbalances in the external account. Money market remained volatile on the first working day
Published 12 Jun, 2018 12:00am
External account: Exchange rate adjustment may contain imbalances: SBP

External account: Exchange rate adjustment may contain imbalances: SBP

The State Bank of Pakistan (SBP) Monday said the market-driven adjustment in the exchange rate along with other recent policy measures are expected to contain the imbalances in the external account. Money market remained volatile on the first working day
Published 12 Jun, 2018 12:00am
BRIndex100 sheds 2.33 points

BRIndex100 sheds 2.33 points

Pakistan Stock Exchange Monday remained under pressure due to selling in various sectors. BRIndex100 lost 2.33 points or 0.05 percent to close at 4,718.06 points. BRIndex100 touched intraday high of 4,764.89 and intraday low of 4,707.84 points. Volumes st
Published 12 Jun, 2018 12:00am
BRIndex100 sheds 2.33 points

BRIndex100 sheds 2.33 points

Pakistan Stock Exchange Monday remained under pressure due to selling in various sectors. BRIndex100 lost 2.33 points or 0.05 percent to close at 4,718.06 points. BRIndex100 touched intraday high of 4,764.89 and intraday low of 4,707.84 points. Volumes st
Published 12 Jun, 2018 12:00am
BRIndex100 sheds 2.33 points

BRIndex100 sheds 2.33 points

Pakistan Stock Exchange Monday remained under pressure due to selling in various sectors. BRIndex100 lost 2.33 points or 0.05 percent to close at 4,718.06 points. BRIndex100 touched intraday high of 4,764.89 and intraday low of 4,707.84 points. Volumes st
Published 12 Jun, 2018 12:00am
Three miners killed in South Africa

Three miners killed in South Africa

At least three gold miners in South Africa were killed Monday after entering an abandoned shaft, its owner said, in the latest of fatalities to hit one of the country's largest mining firms. The bodies of three out of five employees who had entered the di
Published 12 Jun, 2018 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Pakistan Stock Exchange.

Published 12 Jun, 2018 12:00am
Madagascar has new government after court order: president

Madagascar has new government after court order: president

Madagascar's president announced Monday that a new government had been appointed following a court ruling, which called for a "consensus" administration to resolve a political crisis sparked by electoral reform.
Published 12 Jun, 2018 12:00am
Farooq out, IHC reinstates Khalid as MQM-P convener

Farooq out, IHC reinstates Khalid as MQM-P convener

The Islamabad High Court (IHC) on Monday upheld Election Commission of Pakistan's (ECP) ruling to remove Dr Farooq Sattar as convener of Muttahida Qaumi Movement-Pakistan (MQM-P) and declared Khalid Maqbool Siddiqui as party convener. The MQM-P had moved
Published 12 Jun, 2018 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Pakistan Stock Exchange.

Published 12 Jun, 2018 12:00am
Farooq out, IHC reinstates Khalid as MQM-P convener

Farooq out, IHC reinstates Khalid as MQM-P convener

The Islamabad High Court (IHC) on Monday upheld Election Commission of Pakistan's (ECP) ruling to remove Dr Farooq Sattar as convener of Muttahida Qaumi Movement-Pakistan (MQM-P) and declared Khalid Maqbool Siddiqui as party convener. The MQM-P had moved
Published 12 Jun, 2018 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 12 Jun, 2018 12:00am
US warns: UAE aid must flow through Yemen port

US warns: UAE aid must flow through Yemen port

The United States warned Monday that aid must flow through the Yemeni port of Hodeida amid reports that Emirati forces plan to seize it from Huthi rebels. The statement by Secretary of State Mike Pompeo stopped short of warning the Saudi and UAE-led coali
Published 12 Jun, 2018 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 12 Jun, 2018 12:00am
US warns: UAE aid must flow through Yemen port

US warns: UAE aid must flow through Yemen port

The United States warned Monday that aid must flow through the Yemeni port of Hodeida amid reports that Emirati forces plan to seize it from Huthi rebels. The statement by Secretary of State Mike Pompeo stopped short of warning the Saudi and UAE-led coali
Published 12 Jun, 2018 12:00am
Expats remit over $18 billion in 11 months

Expats remit over $18 billion in 11 months

Overseas Pakistani workers remitted over $18 billion in the first eleven months (July-May) of this fiscal year (FY18). According to the State Bank of Pakistan (SBP), Pakistanis received home remittances amounting to $18.028 billion in the first eleven mon
Published 12 Jun, 2018 12:00am
Expats remit over $18 billion in 11 months

Expats remit over $18 billion in 11 months

Overseas Pakistani workers remitted over $18 billion in the first eleven months (July-May) of this fiscal year (FY18). According to the State Bank of Pakistan (SBP), Pakistanis received home remittances amounting to $18.028 billion in the first eleven mon
Published 12 Jun, 2018 12:00am
Expats remit over $18 billion in 11 months

Expats remit over $18 billion in 11 months

Overseas Pakistani workers remitted over $18 billion in the first eleven months (July-May) of this fiscal year (FY18). According to the State Bank of Pakistan (SBP), Pakistanis received home remittances amounting to $18.028 billion in the first eleven mon
Published 12 Jun, 2018 12:00am
WTO chief warns against escalation of trade tensions

WTO chief warns against escalation of trade tensions

World Trade Organization chief Roberto Azevedo warned Monday against a damaging "escalation" of trade tensions between the United States and other major economies, following a divisive G7 summit. Trans-Atlantic and other trade wars would have "a long-term
Published 12 Jun, 2018 12:00am
WTO chief warns against escalation of trade tensions

WTO chief warns against escalation of trade tensions

World Trade Organization chief Roberto Azevedo warned Monday against a damaging "escalation" of trade tensions between the United States and other major economies, following a divisive G7 summit. Trans-Atlantic and other trade wars would have "a long-term
Published 12 Jun, 2018 12:00am
PKR hits new lows
Currency

PKR hits new lows

The Pakistani rupee slumped 3.8 percent against the dollar on Monday before slightly recovering in what appeared to be the third currency devaluation in seven months by the central bank amid fears of a balance of payments crisis.
Published 12 Jun, 2018 12:00am
WTO chief warns against escalation of trade tensions

WTO chief warns against escalation of trade tensions

World Trade Organization chief Roberto Azevedo warned Monday against a damaging "escalation" of trade tensions between the United States and other major economies, following a divisive G7 summit. Trans-Atlantic and other trade wars would have "a long-term
Published 12 Jun, 2018 12:00am
PKR hits new lows
Currency

PKR hits new lows

The Pakistani rupee slumped 3.8 percent against the dollar on Monday before slightly recovering in what appeared to be the third currency devaluation in seven months by the central bank amid fears of a balance of payments crisis.
Published 12 Jun, 2018 12:00am
13 dead, 31 wounded in Kabul attack

13 dead, 31 wounded in Kabul attack

A suicide attacker blew himself up Monday as government workers queued for an early bus home during the holy month of Ramadan, killing at least 13 people and wounding 31, officials and hospital staff said. The Islamic State group claimed responsibility fo
Published 12 Jun, 2018 12:00am
PKR hits new lows
Currency

PKR hits new lows

The Pakistani rupee slumped 3.8 percent against the dollar on Monday before slightly recovering in what appeared to be the third currency devaluation in seven months by the central bank amid fears of a balance of payments crisis.
Published 12 Jun, 2018 12:00am
13 dead, 31 wounded in Kabul attack

13 dead, 31 wounded in Kabul attack

A suicide attacker blew himself up Monday as government workers queued for an early bus home during the holy month of Ramadan, killing at least 13 people and wounding 31, officials and hospital staff said. The Islamic State group claimed responsibility fo
Published 12 Jun, 2018 12:00am
SC directs Nadra to unblock CNIC of Musharraf

SC directs Nadra to unblock CNIC of Musharraf

The Supreme Court on Monday directed the National Database and Registration Authority (Nadra) to unblock computerized national identity card (CNIC) of former president retired General Perez Musharraf enabling him to return the country. A three-judge bench
Published 12 Jun, 2018 12:00am
SC directs Nadra to unblock CNIC of Musharraf

SC directs Nadra to unblock CNIC of Musharraf

The Supreme Court on Monday directed the National Database and Registration Authority (Nadra) to unblock computerized national identity card (CNIC) of former president retired General Perez Musharraf enabling him to return the country. A three-judge bench
Published 12 Jun, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (June 11, 2018).

Published 12 Jun, 2018 12:00am
Bank holidays

Bank holidays

The State Bank of Pakistan and all banks will remain closed from June 15 to 18, 2018 (Friday, Saturday, Sunday & Monday) on the occasion of Eid-ul-Fitr.
Published 12 Jun, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (June 11, 2018).

Published 12 Jun, 2018 12:00am
Bank holidays

Bank holidays

The State Bank of Pakistan and all banks will remain closed from June 15 to 18, 2018 (Friday, Saturday, Sunday & Monday) on the occasion of Eid-ul-Fitr.
Published 12 Jun, 2018 12:00am
Bank holidays

Bank holidays

The State Bank of Pakistan and all banks will remain closed from June 15 to 18, 2018 (Friday, Saturday, Sunday & Monday) on the occasion of Eid-ul-Fitr.
Published 12 Jun, 2018 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 01 June 2018.

Published 12 Jun, 2018 12:00am
FATF: government working on plan to avert being blacklisted

FATF: government working on plan to avert being blacklisted

The government is working on an action plan to avert being blacklisted by Financial Action Task Force (FATF) and consultations are ongoing with all relevant ministries/departments, informed sources told Business Recorder. The meeting with FATF is s
Published 12 Jun, 2018 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 01 June 2018.

Published 12 Jun, 2018 12:00am
FATF: government working on plan to avert being blacklisted

FATF: government working on plan to avert being blacklisted

The government is working on an action plan to avert being blacklisted by Financial Action Task Force (FATF) and consultations are ongoing with all relevant ministries/departments, informed sources told Business Recorder. The meeting with FATF is s
Published 12 Jun, 2018 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Monday (June 11, 2018).

Published 12 Jun, 2018 12:00am
Karachi, Qambar-Shahdadkot district rated as high risk areas for polio

Karachi, Qambar-Shahdadkot district rated as high risk areas for polio

No polio case has been detected in the province of Sindh from the last one year however Karachi and Qambar-Shahdadkot district have been rated as high risk areas. This was disclosed in a meeting held here under the chairmanship of Caretaker Sindh Chief Mi
Published 12 Jun, 2018 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (June 11, 2018).

Published 12 Jun, 2018 12:00am
Karachi, Qambar-Shahdadkot district rated as high risk areas for polio

Karachi, Qambar-Shahdadkot district rated as high risk areas for polio

No polio case has been detected in the province of Sindh from the last one year however Karachi and Qambar-Shahdadkot district have been rated as high risk areas. This was disclosed in a meeting held here under the chairmanship of Caretaker Sindh Chief Mi
Published 12 Jun, 2018 12:00am
Non-performing loans

Non-performing loans

A three-member bench headed by Chief Justice Saqib Nisar took up suo motu proceedings initiated in 2008 on press reports that the State Bank of Pakistan (SBP) had allowed commercial banks to write off around 54 billion rupee non-performing loans (NPLs) of
Published 12 Jun, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (June 11, 2018)

Published 12 Jun, 2018 12:00am
Fresh Afghan peace effort

Fresh Afghan peace effort

Two surprises, one after the other, have raised hopes for a peace breakthrough in Afghanistan in the past few days, although sceptics point to many a slip between the cup and the lip as yet. First Afghan President Ashraf Ghani announced an Eid ceasefire,
Published 12 Jun, 2018 12:00am
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