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Print - 2017-04-26
Second phase of census begins in Khyber Agency

Second phase of census begins in Khyber Agency

The second phase of the 6th population census has started in Khyber Agency on Tuesday that will continue till May 25. According to the official of Pakistan Bureau of Statistics, in the second phase, census will be conducted in 21 districts in Punjab and S
Published 26 Apr, 2017 12:00am
APIs become key must-have strategy component for enterprises

APIs become key must-have strategy component for enterprises

APIs have now become a key must-have strategy component for enterprises. According to a report, the global, API management market size is estimated to grow from USD606.8 million in 2016 to USD2,665.3 million by 2021, at a Compound Annual Growth Rate (CAGR
Published 26 Apr, 2017 12:00am
Indian Muslim denied seat in Delhi Metro by Hindu extremists

Indian Muslim denied seat in Delhi Metro by Hindu extremists

In yet another shocking case of religious discrimination, an aged Muslim man was denied a seat in Delhi metro by a group of Hindu youth, who hurled slurs and abuses at him over his appearance. The incident took place in the violet line of Delhi Metro, whe
Published 26 Apr, 2017 12:00am
Railways identifies four business areas to boost investment

Railways identifies four business areas to boost investment

Pakistan Railways has identified four business areas aimed at easing of doing business in the sector after Prime Minister Nawaz Sharif took serious note of declining foreign and domestic investment, it is learnt. Showing serious concern on declining forei
Published 26 Apr, 2017 12:00am
Aizaz presents credentials to Trump

Aizaz presents credentials to Trump

Pakistan ambassador-designate to the United States, Aizaz Ahmad Chaudhry, called on US President Donald Trump in Washington on Monday and presented his credentials. Aizaz Chaudhry expressed best wishes for the improvement of Pakistan-US relations and said
Published 26 Apr, 2017 12:00am
RBOD project not abandoned: Wapda

RBOD project not abandoned: Wapda

Apropos a news item titled "RBOD project abandoned due to non-availability of funds," Wapda spokesperson has clarified that RBOD project has not been abandoned. The spokesperson has made it clear that the project for installation of treatment plants along
Published 26 Apr, 2017 12:00am
BRIndex30 up 15.27 points

BRIndex30 up 15.27 points

On Tuesday, BRIndex30 opened at 27,429.90 points. It touched an intraday high of 27,686.98 points and an intraday low of 27,344.03 points and closed at 27,445.17 points which was 15.27 points or 0.06 percent higher than previous close. Total volume was 25
Published 26 Apr, 2017 12:00am
BRIndex30 up 15.27 points

BRIndex30 up 15.27 points

On Tuesday, BRIndex30 opened at 27,429.90 points. It touched an intraday high of 27,686.98 points and an intraday low of 27,344.03 points and closed at 27,445.17 points which was 15.27 points or 0.06 percent higher than previous close. Total volume was 25
Published 26 Apr, 2017 12:00am
US briefed about anti-terror financing steps

US briefed about anti-terror financing steps

Federal Minister for Finance, Senator Mohammad Ishaq Dar met US Treasury Secretary. Steven Mnuchin and apprised him about the economic development in Pakistan since 2013, after PML-N took administrative charge of the country. Senator Ishaq Dar informed Tr
Published 26 Apr, 2017 12:00am
US briefed about anti-terror financing steps

US briefed about anti-terror financing steps

Federal Minister for Finance, Senator Mohammad Ishaq Dar met US Treasury Secretary. Steven Mnuchin and apprised him about the economic development in Pakistan since 2013, after PML-N took administrative charge of the country. Senator Ishaq Dar informed Tr
Published 26 Apr, 2017 12:00am
US briefed about anti-terror financing steps

US briefed about anti-terror financing steps

Federal Minister for Finance, Senator Mohammad Ishaq Dar met US Treasury Secretary. Steven Mnuchin and apprised him about the economic development in Pakistan since 2013, after PML-N took administrative charge of the country. Senator Ishaq Dar informed Tr
Published 26 Apr, 2017 12:00am
Pakistan making concrete efforts towards achieving higher growth: Dar

Pakistan making concrete efforts towards achieving higher growth: Dar

Finance Minister Senator Ishaq Dar has said that Pakistan was improving ease of doing business in the country. After having achieved macroeconomic stability, the government was now making concrete efforts to achieve sustainable and inclusive higher growth
Published 26 Apr, 2017 12:00am
Pakistan making concrete efforts towards achieving higher growth: Dar

Pakistan making concrete efforts towards achieving higher growth: Dar

Finance Minister Senator Ishaq Dar has said that Pakistan was improving ease of doing business in the country. After having achieved macroeconomic stability, the government was now making concrete efforts to achieve sustainable and inclusive higher growth
Published 26 Apr, 2017 12:00am
Pakistan making concrete efforts towards achieving higher growth: Dar

Pakistan making concrete efforts towards achieving higher growth: Dar

Finance Minister Senator Ishaq Dar has said that Pakistan was improving ease of doing business in the country. After having achieved macroeconomic stability, the government was now making concrete efforts to achieve sustainable and inclusive higher growth
Published 26 Apr, 2017 12:00am
Islamabad, Tehran agree to fine-tune PTA

Islamabad, Tehran agree to fine-tune PTA

Pakistan and Iran have agreed to streamline dysfunctional Preferential Trade Agreement (PTA) and expand its scope prior to finalisation of Free Trade Agreement (FTA), well-informed sources told Business Recorder. This consensus was evolved at a rec
Published 26 Apr, 2017 12:00am
Islamabad, Tehran agree to fine-tune PTA

Islamabad, Tehran agree to fine-tune PTA

Pakistan and Iran have agreed to streamline dysfunctional Preferential Trade Agreement (PTA) and expand its scope prior to finalisation of Free Trade Agreement (FTA), well-informed sources told Business Recorder. This consensus was evolved at a rec
Published 26 Apr, 2017 12:00am
Islamabad, Tehran agree to fine-tune PTA

Islamabad, Tehran agree to fine-tune PTA

Pakistan and Iran have agreed to streamline dysfunctional Preferential Trade Agreement (PTA) and expand its scope prior to finalisation of Free Trade Agreement (FTA), well-informed sources told Business Recorder. This consensus was evolved at a rec
Published 26 Apr, 2017 12:00am
India informed about visits of census teams along LoC

India informed about visits of census teams along LoC

Pakistan Army on Tuesday apprised Indian authorities through hotline contact about the visits of census teams to the areas along Line of Control for conducting of demographic process. According to Inter Services Public Relations here on Tuesday, "Phase-2
Published 26 Apr, 2017 12:00am
India informed about visits of census teams along LoC

India informed about visits of census teams along LoC

Pakistan Army on Tuesday apprised Indian authorities through hotline contact about the visits of census teams to the areas along Line of Control for conducting of demographic process. According to Inter Services Public Relations here on Tuesday, "Phase-2
Published 26 Apr, 2017 12:00am
PSDP funding may be stymied by fiscal woes

PSDP funding may be stymied by fiscal woes

The Finance Ministry has very limited fiscal space and may not be in a position to make a significant increase in development outlay of the federal government to the extent wanted by the Ministry of Planning, Development and Reform. When asked, Secretary
Published 26 Apr, 2017 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Pakistan Stock Exchange.

Published 26 Apr, 2017 12:00am
PSDP funding may be stymied by fiscal woes

PSDP funding may be stymied by fiscal woes

The Finance Ministry has very limited fiscal space and may not be in a position to make a significant increase in development outlay of the federal government to the extent wanted by the Ministry of Planning, Development and Reform. When asked, Secretary
Published 26 Apr, 2017 12:00am
PSDP funding may be stymied by fiscal woes

PSDP funding may be stymied by fiscal woes

The Finance Ministry has very limited fiscal space and may not be in a position to make a significant increase in development outlay of the federal government to the extent wanted by the Ministry of Planning, Development and Reform. When asked, Secretary
Published 26 Apr, 2017 12:00am
BOARD MEETINGS
Cotton

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 26 Apr, 2017 12:00am
UK state borrowing nears 10-year low but misses target

UK state borrowing nears 10-year low but misses target

Britain's deficit improved last year to its lowest annual level in almost a decade, as tax receipts swelled despite looming Brexit, official data showed Tuesday. Net borrowing excluding bank bailouts stood at £52 billion ($66 billion, 61 billion euros) in
Published 26 Apr, 2017 12:00am
China slashes North Korea imports, holds exports steady
Currency

China slashes North Korea imports, holds exports steady

Chinese imports from North Korea fell 35 percent month-on-month in March, according to official figures released Tuesday, after Beijing suspended coal purchases to punish its nuclear-armed neighbour for missile tests. Total imports from the North by China
Published 26 Apr, 2017 12:00am
Global music sales hit high on streaming boom

Global music sales hit high on streaming boom

Music sales rose robustly for a second straight year to show growth not seen in two decades thanks to the rapid adoption of streaming, the global industry body said Tuesday. Despite sliding CD sales and downloads, revenue from recorded music around the wo
Published 26 Apr, 2017 12:00am
Global music sales hit high on streaming boom

Global music sales hit high on streaming boom

Music sales rose robustly for a second straight year to show growth not seen in two decades thanks to the rapid adoption of streaming, the global industry body said Tuesday. Despite sliding CD sales and downloads, revenue from recorded music around the wo
Published 26 Apr, 2017 12:00am
SK Hynix books record profit

SK Hynix books record profit

South Korea's SK Hynix Inc on Tuesday booked record quarterly profit due to strong demand for high-tech memory chips, and said the DRAM supply shortage that has pushed up prices will continue throughout 2017. The extent of the shortage is likely to ease t
Published 26 Apr, 2017 12:00am
SK Hynix books record profit

SK Hynix books record profit

South Korea's SK Hynix Inc on Tuesday booked record quarterly profit due to strong demand for high-tech memory chips, and said the DRAM supply shortage that has pushed up prices will continue throughout 2017. The extent of the shortage is likely to ease t
Published 26 Apr, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (April 25, 2017).

Published 26 Apr, 2017 12:00am
PIA sukuk certificates will continue to be 'approved security'

PIA sukuk certificates will continue to be 'approved security'

The State Bank of Pakistan (SBP) said on Tuesday that PIA Sukuk Certificates will continue to be approved security for maintenance of liiquid assets of Islamic Banks According to DMMD Circular No 04 of 2017 sent to all Islamic Banks and Islamic Banking Br
Published 26 Apr, 2017 12:00am
PIA sukuk certificates will continue to be 'approved security'

PIA sukuk certificates will continue to be 'approved security'

The State Bank of Pakistan (SBP) said on Tuesday that PIA Sukuk Certificates will continue to be approved security for maintenance of liiquid assets of Islamic Banks According to DMMD Circular No 04 of 2017 sent to all Islamic Banks and Islamic Banking Br
Published 26 Apr, 2017 12:00am
PIA sukuk certificates will continue to be ''approved security''

PIA sukuk certificates will continue to be ''approved security''

The State Bank of Pakistan (SBP) said on Tuesday that PIA Sukuk Certificates will continue to be approved security for maintenance of liiquid assets of Islamic Banks According to DMMD Circular No 04 of 2017 sent to all Islamic Banks and Islamic Banking Br
Published 26 Apr, 2017 12:00am
PIA sukuk certificates will continue to be ''''approved security''''

PIA sukuk certificates will continue to be ''''approved security''''

The State Bank of Pakistan (SBP) said on Tuesday that PIA Sukuk Certificates will continue to be approved security for maintenance of liiquid assets of Islamic Banks According to DMMD Circular No 04 of 2017 sent to all Islamic Banks and Islamic Banking Br
Published 26 Apr, 2017 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

Firmness prevailed on the money market on Tuesday as the rupee held it's present levels against the dollar in the process of trading, dealers said. The rupee showed no change versus the dollar for buying and selling at Rs 104.85 and Rs 104.86 respectively
Published 26 Apr, 2017 12:00am
Mexico can retaliate against US over tuna feud: WTO

Mexico can retaliate against US over tuna feud: WTO

The World Trade Organization on Tuesday gave Mexico the green light to impose $160 million in annual tariffs against the United States in retaliation for Washington's discriminating against Mexican tuna imports. The long-running tuna trade feud between th
Published 26 Apr, 2017 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

Firmness prevailed on the money market on Tuesday as the rupee held it's present levels against the dollar in the process of trading, dealers said. The rupee showed no change versus the dollar for buying and selling at Rs 104.85 and Rs 104.86 respectively
Published 26 Apr, 2017 12:00am
Mexico can retaliate against US over tuna feud: WTO

Mexico can retaliate against US over tuna feud: WTO

The World Trade Organization on Tuesday gave Mexico the green light to impose $160 million in annual tariffs against the United States in retaliation for Washington's discriminating against Mexican tuna imports. The long-running tuna trade feud between th
Published 26 Apr, 2017 12:00am
Mexico can retaliate against US over tuna feud: WTO

Mexico can retaliate against US over tuna feud: WTO

The World Trade Organization on Tuesday gave Mexico the green light to impose $160 million in annual tariffs against the United States in retaliation for Washington''s discriminating against Mexican tuna imports. The long-running tuna trade feud between t
Published 26 Apr, 2017 12:00am
FBR re-verifying all IT/WHT exemption certificates

FBR re-verifying all IT/WHT exemption certificates

The Federal Board of Revenue (FBR) is re-verifying all income tax/withholding tax exemption certificates of Rs 118 billion issued at import stage during 2016-17 as compared to Rs 109 billion worth certificates issued in 2015-16. Sources said that the exem
Published 26 Apr, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (April 25, 2017).

Published 26 Apr, 2017 12:00am
FBR re-verifying all IT/WHT exemption certificates

FBR re-verifying all IT/WHT exemption certificates

The Federal Board of Revenue (FBR) is re-verifying all income tax/withholding tax exemption certificates of Rs 118 billion issued at import stage during 2016-17 as compared to Rs 109 billion worth certificates issued in 2015-16. Sources said that the exem
Published 26 Apr, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (April 25, 2017).

Published 26 Apr, 2017 12:00am
FBR re-verifying all IT/WHT exemption certificates

FBR re-verifying all IT/WHT exemption certificates

The Federal Board of Revenue (FBR) is re-verifying all income tax/withholding tax exemption certificates of Rs 118 billion issued at import stage during 2016-17 as compared to Rs 109 billion worth certificates issued in 2015-16. Sources said that the exem
Published 26 Apr, 2017 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Tuesday (April 25, 2017).

Published 26 Apr, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (April 25, 2017)

Published 26 Apr, 2017 12:00am
RBOD project not abandoned: Wapda

RBOD project not abandoned: Wapda

Apropos a news item titled "RBOD project abandoned due to non-availability of funds," Wapda spokesperson has clarified that RBOD project has not been abandoned. The spokesperson has made it clear that the project for installation of treatment plants along
Published 26 Apr, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (April 25, 2017).

Published 26 Apr, 2017 12:00am
RBOD project not abandoned: Wapda

RBOD project not abandoned: Wapda

Apropos a news item titled "RBOD project abandoned due to non-availability of funds," Wapda spokesperson has clarified that RBOD project has not been abandoned. The spokesperson has made it clear that the project for installation of treatment plants along
Published 26 Apr, 2017 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 26 Apr, 2017 12:00am
RBOD project not abandoned: Wapda

RBOD project not abandoned: Wapda

Apropos a news item titled "RBOD project abandoned due to non-availability of funds," Wapda spokesperson has clarified that RBOD project has not been abandoned. The spokesperson has made it clear that the project for installation of treatment plants along
Published 26 Apr, 2017 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 26 Apr, 2017 12:00am
Minister satisfied over PIA's future plans

Minister satisfied over PIA's future plans

Federal Minister for Parliamentary Affairs, Shaikh Aftab Ahmed visited PIA headquarters last evening and was given briefing on various departments of the airline by Acting CEO Nayyar Hayat. While expressing satisfaction over PIA's future plans, he emphasi
Published 26 Apr, 2017 12:00am
Opposition agitates as Punjab Assembly Speaker rejects resolution

Opposition agitates as Punjab Assembly Speaker rejects resolution

Opposition was not being granted permission to present resolution for disqualification of prime minister in the assembly here on Tuesday agitated in Punjab Assembly 28th session. Opposition while raising slogans against prime minister threw copies of agen
Published 26 Apr, 2017 12:00am
Jam Madad Ali takes oath as Sindh MPA

Jam Madad Ali takes oath as Sindh MPA

Pakistan Muslim League (Functional) lawmaker and former opposition leader in Sindh Assembly Jam Madad Ali has taken oath in the Sindh Assembly after winning the PS-81 (Sanghar-Mirpurkhas) seat. An oath-taking ceremony was held today at the Sindh Assembly
Published 26 Apr, 2017 12:00am
Dawn says it faces hacking attempts

Dawn says it faces hacking attempts

A English-language Dawn is facing hacking attempts, the publication said on Tuesday. Dawn Media Group said unknown hackers are constantly trying to penetrate its official social media accounts and staff accounts. "Hackers and malicious groups attempt to d
Published 26 Apr, 2017 12:00am
Removal of name from ECL: SHC to hear Dr Asim's plea next month

Removal of name from ECL: SHC to hear Dr Asim's plea next month

Despite getting permission from Anti-Terrorism Court to go abroad, the Pakistan People's Party (PPP) Karachi chapter president Dr Asim Hussain will have to wait at least till first week of May as the Sindh High Court (SHC) on Tuesday discharged his petiti
Published 26 Apr, 2017 12:00am
Karachi be allocated additional 1200 cusecs of water: CM

Karachi be allocated additional 1200 cusecs of water: CM

Sindh Chief Minister Syed Murad Ali Shah has said on Tuesday that the Sindh government had allowed water for twin cities of Islamabad and Rawalpindi on the condition that Karachi would also be given additional 1200 cusecs of water for domestic use. "Since
Published 26 Apr, 2017 12:00am
CJCSC visits ASFC HQs

CJCSC visits ASFC HQs

General Zubair Mahmood Hayat, Chairman Joint Chiefs of Staff Committee (CJCSC), visited Headquarters of Army Strategic Force Command (ASFC) today. He was also accompanied by Director General Strategic Plans Division Lieutenant General Mazhar Jamil. CJCSC
Published 26 Apr, 2017 12:00am
British Council hosts seminar

British Council hosts seminar

In collaboration with the Higher Education Commission (HEC) of Pakistan, the British Council in Pakistan hosted an international partner's seminar to celebrate and further develop collaborations on joint programmes for improving institutional capacity of
Published 26 Apr, 2017 12:00am
Sindh Assembly witnesses rowdy session

Sindh Assembly witnesses rowdy session

PPP members of the Sindh Assembly harshly criticized the leadership of the PML-F on Tuesday, amid a noisy protest by the opposition party, with the microphones turned off. Deputy Speaker Shehla Raza denied the opposition party's legislators the chance to
Published 26 Apr, 2017 12:00am
Dr Asim case: KDA ex-official's bail plea referred to SHC CJ

Dr Asim case: KDA ex-official's bail plea referred to SHC CJ

The Sindh High Court (SHC) bench referred the bail plea of Karachi Development Authority's (KDA) former director land Syed Athar Hussain, the co-accused in Dr Asim Hussain's Rs 432.5 billion corruption reference, to the chief justice for the disposal.
Published 26 Apr, 2017 12:00am
Hyderabad light engineering support centre to open on April 28

Hyderabad light engineering support centre to open on April 28

The Federal Minister for Industries and Production Ghulam Murtaza Khan Jatoi will inaugurate Hyderabad Light Engineering Support Centre on April 28 (Friday). Technology Upgradation and Skill Development Company (TUSDEC) has established the centre at a cos
Published 26 Apr, 2017 12:00am
Hyderabad light engineering support centre to open on April 28

Hyderabad light engineering support centre to open on April 28

The Federal Minister for Industries and Production Ghulam Murtaza Khan Jatoi will inaugurate Hyderabad Light Engineering Support Centre on April 28 (Friday). Technology Upgradation and Skill Development Company (TUSDEC) has established the centre at a cos
Published 26 Apr, 2017 12:00am
Four terrorists of Jindullah killed in Urdu Bazaar 'encounter'

Four terrorists of Jindullah killed in Urdu Bazaar 'encounter'

Pakistan Rangers Sindh targeted raid Monday night killed four terrorists of banned outfit Jindullah. Terrorists killed include Zahid Afridi, Faheem Hameed, Muhammad Hafeez Ullah Quettawal, Mama and a lady facilitator Afshan, says ISPR press release.
Published 26 Apr, 2017 12:00am
Second phase of Punjab Youth Peace Core begins tomorrow

Second phase of Punjab Youth Peace Core begins tomorrow

The Youth Affairs Department, Government of Punjab launched second phase of its Punjab Youth Peace Core. This was announced during a press conference on Tuesday. The press conference was addressed by Tehmina Habib, Deputy Secretary Planning and Sabiha Sha
Published 26 Apr, 2017 12:00am
'Road Safety' awareness seminar held

'Road Safety' awareness seminar held

The Motorway Police in collaboration with the Lahore Press Club on Tuesday held a seminar to create awareness among the people about the importance of abiding 'road safety' rules and regulations. Speaking on this occasion, Motorway SSP Masroor Alam Kolach
Published 26 Apr, 2017 12:00am