News Archives for Print - 2018-06-02 - Business Recorder

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Print - 2018-06-02

Karandaaz signs two separate deals with Excel Labs, innovative entrant in agriculture sector

Karandaaz signs two separate deals with Excel Labs, innovative entrant in agriculture sector

Karandaaz has signed two separate deals with Excel Labs and with an innovative entrant in agriculture sector which would help in expanding health diagnostic service, besides creating more than 900 new jobs in Pakistan. The first deal was signed with the E

Published 02 Jun, 2018 12:00am

Foreigners Security Cell opens in Punjab

Foreigners Security Cell opens in Punjab

The Punjab police on Friday inaugurated the Provincial Foreigners Security Cell (PFSC) at Allama Iqbal International Airport with an aim to enable law enforcers to maintain more effectively inflow and outflow of foreign inhabitants, especially Chinese peo

Published 02 Jun, 2018 12:00am

Baloch terms move to delay election unconstitutional

Baloch terms move to delay election unconstitutional

Secretary General, Jamaat-e-Islami, Liaqat Baloch, who is also Secretary General of the MMA, has said that the Balochistan assembly resolution and the letter of the ex- Chief Minister of Khyber Pakhtunkhwa for delay in the elections were unconstitutional

Published 02 Jun, 2018 12:00am

Mango competition planned

Mango competition planned

The Punjab Agriculture Department (PAD) has announced to organize Mango Production Competition 2018-19 with the objective of increasing production of best quality/varieties of mangoes. It will also create a healthy competition among mango growers, said a

Published 02 Jun, 2018 12:00am

LCCI hopes political parties will show maturity on national issues

LCCI hopes political parties will show maturity on national issues

The Lahore Chamber of Commerce & Industry on Friday urged the political parties to show maturity to safeguard the interests of the country. LCCI President Malik Tahir Javaid said that due to political unrest trade and economic activities are sinking there

Published 02 Jun, 2018 12:00am

Power shortages reach 3100MW

Power shortages reach 3100MW

Power shortage has reached to 3100 megawatt that led to increase in load shedding both on rural and urban feeders. Sources said reduction on water releases from Tarbela and Mangla dams was prime reason of drop in power generation that was recorded at 2110

Published 02 Jun, 2018 12:00am

Partly Facetious: Abbasids out of job

Partly Facetious: Abbasids out of job

"The assemblies have completed their term and the Abbasids are out of a job..."

Published 02 Jun, 2018 12:00am

CJP visits LGH

CJP visits LGH

Chief Justice of Pakistan Justice Mian Saqib Nisar on Friday paid a visit to the Lahore General Hospital (LGH) to get update about the health facilities being extended to the patients in the hospital.

Published 02 Jun, 2018 12:00am

Electricity available despite hot weather, claims Shahbaz

Electricity available despite hot weather, claims Shahbaz

Pakistan Muslim League-Nawaz (PML-N) President Shahbaz Sharif has said that new projects will be launched and every city will be renovated, if an opportunity is accorded by Almighty Allah. Talking to former assembly members, local bodies' representatives

Published 02 Jun, 2018 12:00am

Business community pins high hopes on caretaker PM

Business community pins high hopes on caretaker PM

SAARC Chamber's Senior Vice President Iftikhar Ali Malik has congratulated former Justice Nasirul Mulkas caretaker Prime Minister and assured that trader community would support the caretaker government's all decisions helping for reviving the economy and

Published 02 Jun, 2018 12:00am

Mayor announces 25 percent rebate on municipal service charges

Mayor announces 25 percent rebate on municipal service charges

Karachi Mayor Waseem Akhtar on Friday announced a 25 percent concession over consumers' municipal utility service charges on full payment of the outstanding bills till June 2018. He announced the concession in light of a resolution of Karachi Metropolitan

Published 02 Jun, 2018 12:00am

PSO clarification

PSO clarification

Clarifying its position on recent rumors circulating in some quarters of the local media surrounding PSO, the nation's flagship Oil Marketing Company maintains that all such news are utterly ill-founded and are damaging its hard-earned repute.

Published 02 Jun, 2018 12:00am

CJP directs CEO Haveli Bahadur Plant to return salaries

CJP directs CEO Haveli Bahadur Plant to return salaries

Chief Justice of Pakistan here Friday directed Chief Executive Officer (CEO) of Haveli Bahadur Shah Power Plant to return all the money he had taken as salary to the national exchequer within two months. The CJP when asked the CEO when he was returning th

Published 02 Jun, 2018 12:00am

CJP irked over non-implementation of Asghar Khan case's verdict

CJP irked over non-implementation of Asghar Khan case's verdict

The Chief Justice of Pakistan on Friday observed that the federal cabinet took no positive action on implementation of the judgment in Asghar Khan Case and got rid of it by making sub-committee. The chief justice remarked that the decision had been lying

Published 02 Jun, 2018 12:00am

BR staffer's son-in-law passes away

BR staffer's son-in-law passes away

Senior staffer of Business Recorder Lahore Muhammad Rafiq Goraya's son in law Syed Nadeem Hussian has passed away of heart attack here on Friday. He was 49. He left behind a widow, one daughter and a son. He was buried in Gohar Town graveyard in th

Published 02 Jun, 2018 12:00am

FBR recovers Rs 5 million from academy

FBR recovers Rs 5 million from academy

The regional tax office of Federal Board of Revenue (FBR) recovered Rs 5 million from a leading academy on Friday. Sources said the tax officer has recovered this amount against a default for the fiscal year 2014-15.

Published 02 Jun, 2018 12:00am

SBP assigns 1Link to settle clearing obligations transactions through PRISM

SBP assigns 1Link to settle clearing obligations transactions through PRISM

In order to reduce the settlement risk and to enhance efficiency, State Bank of Pakistan (SBP) has assigned 1Link as a Special Participant to settle the clearing obligations for ATMs, IBFT, POS and UBPS transactions through Pakistan Real-time Interbank Se

Published 02 Jun, 2018 12:00am

ANP finalises draft of election manifesto

ANP finalises draft of election manifesto

Awami National Party (ANP) has given final shape to its election manifesto and sent to press for printing. The general secretary ANP, Mian Iftikhar Hussain will unveil the salient features of the party manifesto in a press briefing shortly.

Published 02 Jun, 2018 12:00am

Islamabad being supplied less than half of its water requirement: Senate body informed

Islamabad being supplied less than half of its water requirement: Senate body informed

The Senate Standing Committee on Capital and Development Division (CADD) was informed on Friday that total water supply required in Islamabad is 120 million gallons per day whereby the actual supply is only 59 million gallons out of which 30 per cent of w

Published 02 Jun, 2018 12:00am

ABL Islamic Asset Allocation Fund launched

ABL Islamic Asset Allocation Fund launched

ABL Asset Management is pleased to announce the launch of ABL Islamic Asset Allocation Fund (ABLIAAF), an open-end Shariah Compliant Asset Allocation Scheme. ABLIAAF provides an ideal opportunity for investors to generate competitive returns through a mix

Published 02 Jun, 2018 12:00am

ABL Islamic Asset Allocation Fund launched

ABL Islamic Asset Allocation Fund launched

ABL Asset Management is pleased to announce the launch of ABL Islamic Asset Allocation Fund (ABLIAAF), an open-end Shariah Compliant Asset Allocation Scheme. ABLIAAF provides an ideal opportunity for investors to generate competitive returns through a mix

Published 02 Jun, 2018 12:00am

SBP's DPC becomes operational from June 1

SBP's DPC becomes operational from June 1

The Deposit Protection Corporation (DPC), a subsidiary of State of Bank of Pakistan has commenced its business with effect from 1st June, 2018 to protect the interest of small depositors. The objective of this corporation is to compensate fully or partial

Published 02 Jun, 2018 12:00am

Fata-KP merger to benefit tribesmen: BMP

Fata-KP merger to benefit tribesmen: BMP

Chairman of Businessmen Panel (BMP), Mian Anjum Nisar has said that there are lots of opportunities waiting for the people of Fata, the benefits of which can be harvested if the challenges beyond the merger are handled carefully, it also opens an opportun

Published 02 Jun, 2018 12:00am

KPC signs MoU with CEJ for journalists' capacity-building

KPC signs MoU with CEJ for journalists' capacity-building

The Karachi Press Club (KPC) and the Centre for Excellence in Journalism-IBA on Thursday signed a Memorandum of Understanding to start year-long professional capacity-building program for the journalists in city The document was signed by the KPC presiden

Published 02 Jun, 2018 12:00am

Sindh government fails to impose ban on fishing

Sindh government fails to impose ban on fishing

The outgoing Sindh government has shunned banning fishing across the provincial seawaters for two months - June and July, sources said on Friday. Now, fish and shrimp hunt in the breeding season will continue across the Sindh seawaters, though Karachi Fis

Published 02 Jun, 2018 12:00am

Automation of tax collections : NBP, Balochistan's E&T Department sign accord

Automation of tax collections : NBP, Balochistan's E&T Department sign accord

The National Bank of Pakistan (NBP) signs an agreement with Balochistan's Excise, Taxation and Anti-Narcotics department for the automation of tax collection system across the province. The agreement was signed by Muhammad Farooq, NBP's Executive Vice Pre

Published 02 Jun, 2018 12:00am

Automation of tax collections : NBP, Balochistan's E&T Department sign accord

Automation of tax collections : NBP, Balochistan's E&T Department sign accord

The National Bank of Pakistan (NBP) signs an agreement with Balochistan's Excise, Taxation and Anti-Narcotics department for the automation of tax collection system across the province. The agreement was signed by Muhammad Farooq, NBP's Executive Vice Pre

Published 02 Jun, 2018 12:00am

NAB files reference against 13 persons

NAB files reference against 13 persons

National Accountability Bureau (NAB), Karachi has filed reference against 13 persons over the allegations of illegal investment and restructuring of investment amounting to Rs 100 million in First Dawood Investment Bank Ltd (FDIBL) by National Insurance C

Published 02 Jun, 2018 12:00am

NTP foresees improved connectivity, accessibility

NTP foresees improved connectivity, accessibility

The transport sector has been categorized in eight sub-sectors under new National Transport Policy (NTP) 2018, envisaging development of master plans for these sub-sectors for policy implementation in a rapid and smooth way. National Transport Policy 2018

Published 02 Jun, 2018 12:00am

Zulfiqar Khosa, his family join PTI

Zulfiqar Khosa, his family join PTI

Senior dissident PML-N leader from south Punjab and former Punjab Governor Zulfiqar Ali Khosa and his family members joined the Pakistan Tehreek-e-Insaf (PTI) on Friday. Khosa announced his joining of the party during his meeting with PTI Chairman Imran K

Published 02 Jun, 2018 12:00am

Electricity for less developed areas: Senate body asks Discos to furnish working paper

Electricity for less developed areas: Senate body asks Discos to furnish working paper

Senate Functional Committee on Problems of Less Developed Areas in its meeting on Friday asked representatives of various power distribution companies (DISCOS) to submit a detailed working paper before the panel on the provision on electricity to the less

Published 02 Jun, 2018 12:00am

14th National Assembly comes to an end with legislative distinction

14th National Assembly comes to an end with legislative distinction

Despite political controversies in the past five years, the 14th National Assembly took up an unprecedented legislative agenda by approving 205 bills as compared to 134 and 51 bills passed by 13th and 12th National Assemblies during their five-year terms

Published 02 Jun, 2018 12:00am

Tax payment: FBR facilitates taxpayers through timely correction in CPRs

Tax payment: FBR facilitates taxpayers through timely correction in CPRs

The Federal Board of Revenue (FBR) has taken a new step to facilitate taxpayers in payment of sales tax and income tax through timely correction in Computerized Payment Receipts (CPRs). In this regard, the FBR has issued instructions to the field formatio

Published 02 Jun, 2018 12:00am

Senator Afridi's disqualification: IHC restrains ECP from issuing notification

Senator Afridi's disqualification: IHC restrains ECP from issuing notification

Islamabad High Court (IHC) Friday restrained Election Commission of Pakistan (ECP) from issuing a notification regarding disqualification of Senator Mirza Muhammad Afridi. A single bench of IHC comprising Justice Aamer Farooq directed the ECP not to issue

Published 02 Jun, 2018 12:00am

IGP Sindh inaugurates office of SP HQs Garden

IGP Sindh inaugurates office of SP HQs Garden

Inspector General of Police (IGP) Sindh, A.D Khawaja inaugurated the office of SP Headquarters Garden at District South here on Friday. On the occasion, the Additional IGP Karachi, Zonal DIGs, SSP South, SSP. City and other officials accompanied the IGP,

Published 02 Jun, 2018 12:00am

Punjab's four districts: IHC rejects petitions against delimitation

Punjab's four districts: IHC rejects petitions against delimitation

Islamabad High Court (IHC) Friday rejected petitions against delimitations of constituencies of Punjab's four districts. A single bench of IHC comprising Justice Aamer Farooq conducted hearing of these petitions and maintained the Election Commission of P

Published 02 Jun, 2018 12:00am

Interim cabinet may be formed in couple of days

Interim cabinet may be formed in couple of days

The interim cabinet of caretaker Prime Minister Justice Nasirul Mulk (Retd) is likely to be formed in coming two to three days as he has started consultations with his close aides to form a cabinet consisting of people with unblemished track record.

Published 02 Jun, 2018 12:00am

Long, slow road to political maturity

Long, slow road to political maturity

There is absolutely no doubt about the fact that the ministry of defence report has effectively dispelled a wild speculation that the Inter-Services Intelligence (ISI) was involved in orchestrating and sustaining the Faizabad protest. In fact, the ministr

Published 02 Jun, 2018 12:00am

Moment of truth arrives for EU after US tariffs strike

Moment of truth arrives for EU after US tariffs strike

After all the condemnation of US tariffs on EU metal exports and calls for unity, the European Union still has two decisions to make - how hard to hit back at the United States and whether to engage in trade talks with Washington.

Published 02 Jun, 2018 12:00am

The Weather

The Weather

The weather report on Friday (June 01, 2018) and the forecast for Saturday (June 02, 2018).

Published 02 Jun, 2018 12:00am

Swiss traders look for hedges

Currency

Swiss traders look for hedges

Switzerland's banking and monetary system is facing the possibility of a huge shake-up, and while the possibility looks remote, investors are buying up insurance against swings in the franc and the shares of the biggest Swiss lenders.

Published 02 Jun, 2018 12:00am

Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (June 01, 2018).

Published 02 Jun, 2018 12:00am

Find a fool who saves

Find a fool who saves

The powers of the Prime Minister, if the news report about announcement of 3 month salary bonus for all federal employees is correct, are absolutely fascinating. Most likely this expenditure was never budgeted-which on a separate note does make the entire

Published 02 Jun, 2018 12:00am

Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (June 01, 2018).

Published 02 Jun, 2018 12:00am

PML-N scorecard

PML-N scorecard

The PML-N government has completed its full five-year term for the first time in the history of party. Earlier, PPP too had completed its full tenure of five years. These two successful tenures can be described as an uninterrupted decade of governance of

Published 02 Jun, 2018 12:00am

LME official prices

LME official prices

The following were Thursday official prices.

Published 02 Jun, 2018 12:00am

Fata merger with KP at long last

Fata merger with KP at long last

After more than 70 years of living under an oppressive colonial-era dispensation, the people of Federally Administered Tribal Areas (Fata) are to become part of the national mainstream, getting their due rights as equal citizens of the state. On Thursday,

Published 02 Jun, 2018 12:00am

LME official prices

LME official prices

The following were Thursday official prices.

Published 02 Jun, 2018 12:00am

Textile exporters' woes

Textile exporters' woes

The textile sector has launched a public campaign to seek relief with respect to two major issues that are impeding its exports: a cumulative rise in pending sales and income tax as well as customs duty refunds and export incentive package that would mini

Published 02 Jun, 2018 12:00am

Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (June 01, 2018).

Published 02 Jun, 2018 12:00am

PPP sees poll delay Conspiracy

PPP sees poll delay Conspiracy

Pakistan People's Party leaders have apprehended that stage was being set for delayed elections. It was what the PPP's stalwarts are said to have derived from a series of developments which they shared with journalists at a joint press conference at PPP m

Published 02 Jun, 2018 12:00am

Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (June 01, 2018)

Published 02 Jun, 2018 12:00am

PPP sees poll delay Conspiracy

PPP sees poll delay Conspiracy

Pakistan People's Party leaders have apprehended that stage was being set for delayed elections. It was what the PPP's stalwarts are said to have derived from a series of developments which they shared with journalists at a joint press conference at PPP m

Published 02 Jun, 2018 12:00am

Lahore Paper Market Rates

Lahore Paper Market Rates

Paper market rates in rupees on Friday (June 01, 2018).

Published 02 Jun, 2018 12:00am

Deutsche Bank suffers new setback with S&P downgrade

Deutsche Bank suffers new setback with S&P downgrade

Germany''''s troubled lender Deutsche Bank suffered more bad news Friday with a Standard and Poor''''s downgrade, despite its efforts to emerge from years of crisis with a new CEO and dramatic cost cuts. S&P lowered Deutsche''''s long-term credit rating f

Published 02 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 Friday (June 01, 2018).

Published 02 Jun, 2018 12:00am

Deutsche Bank suffers new setback with S&P downgrade

Deutsche Bank suffers new setback with S&P downgrade

Germany''s troubled lender Deutsche Bank suffered more bad news Friday with a Standard and Poor''s downgrade, despite its efforts to emerge from years of crisis with a new CEO and dramatic cost cuts. S&P lowered Deutsche''s long-term credit rating from A-

Published 02 Jun, 2018 12:00am

Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (June 01, 2018).

Published 02 Jun, 2018 12:00am

Deutsche Bank suffers new setback with S&P downgrade

Deutsche Bank suffers new setback with S&P downgrade

Germany's troubled lender Deutsche Bank suffered more bad news Friday with a Standard and Poor's downgrade, despite its efforts to emerge from years of crisis with a new CEO and dramatic cost cuts. S&P lowered Deutsche's long-term credit rating from A- to

Published 02 Jun, 2018 12:00am

Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (June 01, 2018).

Published 02 Jun, 2018 12:00am

Deutsche Bank suffers new setback with S&P downgrade

Deutsche Bank suffers new setback with S&P downgrade

Germany's troubled lender Deutsche Bank suffered more bad news Friday with a Standard and Poor's downgrade, despite its efforts to emerge from years of crisis with a new CEO and dramatic cost cuts. S&P lowered Deutsche's long-term credit rating from A- to

Published 02 Jun, 2018 12:00am

Dollar's rate in interbank market

Dollar's rate in interbank market

Interbank closing rates for dollar on Friday (June 01, 2018).

Published 02 Jun, 2018 12:00am

Witness tells court: JIT never came across any document linking Nawaz to HME

Witness tells court: JIT never came across any document linking Nawaz to HME

Key prosecution witness Wajid Zia Friday testified before the Accountability Court that joint investigation team (JIT) that probed Panama Papers case did not find any document showing former Prime Minister Nawaz Sharif as the owner, shareholder or sole pr

Published 02 Jun, 2018 12:00am

Kerb buying and selling rate of US dollar

Kerb

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Friday (June 01, 2018).

Published 02 Jun, 2018 12:00am

Witness tells court: JIT never came across any document linking Nawaz to HME

Witness tells court: JIT never came across any document linking Nawaz to HME

Key prosecution witness Wajid Zia Friday testified before the Accountability Court that joint investigation team (JIT) that probed Panama Papers case did not find any document showing former Prime Minister Nawaz Sharif as the owner, shareholder or sole pr

Published 02 Jun, 2018 12:00am

THE RUPEE: easier trend

Currency

THE RUPEE: easier trend

Weakness persisted on the money market on Friday as the rupee continued erosion against the dollar in the process of trading activity, dealers said. The rupee sustained present levels in relation to the dollar for buying and selling Rs 115.61 and Rs 115.6

Published 02 Jun, 2018 12:00am

Russian pilot found alive: 30 years after shot down in Afghanistan

Russian pilot found alive: 30 years after shot down in Afghanistan

A Russian pilot who was missing presumed dead after his plane was shot down three decades ago during the Soviet intervention in Afghanistan has been found alive and wants to come home, Russian military veterans said Friday. "He is still alive. It's very a

Published 02 Jun, 2018 12:00am

THE RUPEE: easier trend

Currency

THE RUPEE: easier trend

Weakness persisted on the money market on Friday as the rupee continued erosion against the dollar in the process of trading activity, dealers said. The rupee sustained present levels in relation to the dollar for buying and selling Rs 115.61 and Rs 115.6

Published 02 Jun, 2018 12:00am

Russian pilot found alive: 30 years after shot down in Afghanistan

Russian pilot found alive: 30 years after shot down in Afghanistan

A Russian pilot who was missing presumed dead after his plane was shot down three decades ago during the Soviet intervention in Afghanistan has been found alive and wants to come home, Russian military veterans said Friday. "He is still alive. It's very a

Published 02 Jun, 2018 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Friday (June 01, 2018).

Published 02 Jun, 2018 12:00am

Parliamentary body to nominate caretaker KP CM

Parliamentary body to nominate caretaker KP CM

A six-member parliamentary committee comprising three each from PTI and the opposition was constituted on Friday to end deadlock over nomination of caretaker chief minister for Khyber Pakhtunkhwa. However, except JUI-F, other opposition parties rejected t

Published 02 Jun, 2018 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Friday (June 01, 2018).

Published 02 Jun, 2018 12:00am

Parliamentary body to nominate caretaker KP CM

Parliamentary body to nominate caretaker KP CM

A six-member parliamentary committee comprising three each from PTI and the opposition was constituted on Friday to end deadlock over nomination of caretaker chief minister for Khyber Pakhtunkhwa. However, except JUI-F, other opposition parties rejected t

Published 02 Jun, 2018 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Friday (June 01, 2018).

Published 02 Jun, 2018 12:00am

Modi for 'equal access' to shared maritime area

Modi for 'equal access' to shared maritime area

Indian Prime Minister Narendra Modi called Friday for countries to have "equal access" to shared maritime and air spaces, and for regional disputes to be settled under international law. In a speech at the start of a security summit in Singapore, Modi des

Published 02 Jun, 2018 12:00am

Cross Transactions between Client to Client & Financial Institutions

Cross Transactions between Client to Client & Financial Institutions

The following were the cross transactions between client to client & financial institutions here on Friday (June 01, 2018).

Published 02 Jun, 2018 12:00am

US isolated at G7 meeting as tariffs prompt retaliation

US isolated at G7 meeting as tariffs prompt retaliation

US President Donald Trump told Canada and the European Union on Friday to do more to bring down their trade surpluses, a day after hitting them and Mexico with import tariffs on steel and aluminium. Trump castigated Canada, a top U.S. trade partner and al

Published 02 Jun, 2018 12:00am

Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (June 01, 2018).

Published 02 Jun, 2018 12:00am

US isolated at G7 meeting as tariffs prompt retaliation

US isolated at G7 meeting as tariffs prompt retaliation

US President Donald Trump told Canada and the European Union on Friday to do more to bring down their trade surpluses, a day after hitting them and Mexico with import tariffs on steel and aluminium. Trump castigated Canada, a top U.S. trade partner and al

Published 02 Jun, 2018 12:00am

Mutual Funds Association of Pakistan

Mutual Funds

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Friday (June 01, 2018)

Published 02 Jun, 2018 12:00am

US isolated at G7 meeting as tariffs prompt retaliation

US isolated at G7 meeting as tariffs prompt retaliation

US President Donald Trump told Canada and the European Union on Friday to do more to bring down their trade surpluses, a day after hitting them and Mexico with import tariffs on steel and aluminium. Trump castigated Canada, a top U.S. trade partner and al

Published 02 Jun, 2018 12:00am

Mutual Funds Association of Pakistan

Mutual Funds

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Friday (June 01, 2018)

Published 02 Jun, 2018 12:00am

PTI floats another four names for slot of caretaker Punjab CM

PTI floats another four names for slot of caretaker Punjab CM

Amid confusion, the Pakistan Tehreek-e-Insaf (PTI) on Friday floated another four names for the post of caretaker Chief Minister Punjab which include Orya Maqbool Jan, Dr. Hassan Askari, Yaqoob Izhar and Ayaz Mir. The PTI leadership appears to be divided

Published 02 Jun, 2018 12:00am

Mutual Funds Association of Pakistan

Mutual Funds

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Friday (June 01, 2018)

Published 02 Jun, 2018 12:00am

PTI floats another four names for slot of caretaker Punjab CM

PTI floats another four names for slot of caretaker Punjab CM

Amid confusion, the Pakistan Tehreek-e-Insaf (PTI) on Friday floated another four names for the post of caretaker Chief Minister Punjab which include Orya Maqbool Jan, Dr. Hassan Askari, Yaqoob Izhar and Ayaz Mir. The PTI leadership appears to be divided

Published 02 Jun, 2018 12:00am

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

National Clearing Company declares daily settlement information for local & foreign investors on Friday (June 01, 2018).

Published 02 Jun, 2018 12:00am

Form A, Form B: ECP asked to include all mandatory details

Form A, Form B: ECP asked to include all mandatory details

The Lahore High Court on Friday directed the Election Commission of Pakistan (ECP) to include all mandatory information and declarations in nomination papers (Form A and Form B) for upcoming general election 2018, which were previously available in the 20

Published 02 Jun, 2018 12:00am

BRIndex100 and BR Sectoral Indices

BRIndex100 and BR Sectoral Indices

BRIndex100 and BR Sectoral Indices on Friday (June 01, 2018).

Published 02 Jun, 2018 12:00am

Form A, Form B: ECP asked to include all mandatory details

Form A, Form B: ECP asked to include all mandatory details

The Lahore High Court on Friday directed the Election Commission of Pakistan (ECP) to include all mandatory information and declarations in nomination papers (Form A and Form B) for upcoming general election 2018, which were previously available in the 20

Published 02 Jun, 2018 12:00am

Electronic/credit of dividend warrants/bonus/right share certificates

Electronic/credit of dividend warrants/bonus/right share certificates

Electronic/credit of dividend warrants/bonus/right share certificates.

Published 02 Jun, 2018 12:00am

Mulk takes oath

Mulk takes oath

Former Chief Justice of Pakistan Nasir-ul-Mulk on Friday took oath as Pakistan's seventh caretaker Prime Minister for an interim period of two months following the end of five-year tenure of Pakistan Muslim League-Nawaz (PML-N) government. The oath-taking

Published 02 Jun, 2018 12:00am

Extension granted by the secp for holding of annual general meeting

Extension granted by the secp for holding of annual general meeting

Extension granted by the secp for holding of annual general meeting

Published 02 Jun, 2018 12:00am

Mulk takes oath

Mulk takes oath

Former Chief Justice of Pakistan Nasir-ul-Mulk on Friday took oath as Pakistan's seventh caretaker Prime Minister for an interim period of two months following the end of five-year tenure of Pakistan Muslim League-Nawaz (PML-N) government. The oath-taking

Published 02 Jun, 2018 12:00am

BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 02 Jun, 2018 12:00am

Amendments in NBP bye-laws approved by Cabinet

Amendments in NBP bye-laws approved by Cabinet

The federal cabinet approved amendments in bye-laws of National Bank of Pakistan (NBP) aimed at discouraging hiring through third party and to reduce litigation; well informed sources told Business Recorder. Earlier, the amendment was approved by t

Published 02 Jun, 2018 12:00am

Board Meetings

Board Meetings

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 02 Jun, 2018 12:00am

Amendments in NBP bye-laws approved by Cabinet

Amendments in NBP bye-laws approved by Cabinet

The federal cabinet approved amendments in bye-laws of National Bank of Pakistan (NBP) aimed at discouraging hiring through third party and to reduce litigation; well informed sources told Business Recorder. Earlier, the amendment was approved by t

Published 02 Jun, 2018 12:00am

Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 02 Jun, 2018 12:00am

Amendments in NBP bye-laws approved by Cabinet

Amendments in NBP bye-laws approved by Cabinet

The federal cabinet approved amendments in bye-laws of National Bank of Pakistan (NBP) aimed at discouraging hiring through third party and to reduce litigation; well informed sources told Business Recorder. Earlier, the amendment was approved by t

Published 02 Jun, 2018 12:00am

Last date of renunciation/payment

Last date of renunciation/payment

Last dates of renunciation/payment.

Published 02 Jun, 2018 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 30	278.40
USD PKR Interbank Buying / Apr 30	278.20
USD to Japanese Yen / May 1	157.86
USD to Swiss Franc / May 1	0.92
Pound Sterling to USD / May 1	1.25
Euro to USD / May 1	1.07

Stock	Volume
S&P 500 / Apr 30	5035.69
India Sensex / Apr 30	74482.78
Nasdaq / Apr 30	15657.82
Hang Seng / Apr 30	17763.03
Dow Jones / Apr 30	37815.92
Germany DAX 30 / Apr 30	17932.17
France CAC40 / Apr 30	7984.93
Tokyo Nikkei / May 1	38274.05

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 30	20535
Gold 10 Grams PKR / Apr 30	207390
Crude Oil USD/Barrel / May 1	81.12
Gold Spot USD/Ounce / May 1	2288.39
Cotton US¢/pound / May 1	78.01
Petrol/Litre / May 2	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 2 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 2 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 2 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 2 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 2 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 2 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 2 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 2 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 2 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 2 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 2 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 2 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 2 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 2 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 2 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 2 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 2 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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