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Print - 2019-01-03
Imran reappointed

Imran reappointed

MCB Bank on Monday announced that the State Bank of Pakistan (SBP) had granted clearance for the reappointment of Imran Maqbool as President/CEO of MCB Bank for the next three years effective December 21st, 2018.
Published 03 Jan, 2019 12:00am
Imran reappointed

Imran reappointed

MCB Bank on Monday announced that the State Bank of Pakistan (SBP) had granted clearance for the reappointment of Imran Maqbool as President/CEO of MCB Bank for the next three years effective December 21st, 2018.
Published 03 Jan, 2019 12:00am
Imran reappointed

Imran reappointed

MCB Bank on Monday announced that the State Bank of Pakistan (SBP) had granted clearance for the reappointment of Imran Maqbool as President/CEO of MCB Bank for the next three years effective December 21st, 2018.
Published 03 Jan, 2019 12:00am
FBR clarifies

FBR clarifies

The Federal Board of Revenue (FBR) has extended date for filing of revised returns (not statements) under section 214E of the Income Tax Ordinance, 2001 up to January 31, 2019. The FBR has issued a Corrigendum of Circular 10/2018 (Income Tax) here on Wedn
Published 03 Jan, 2019 12:00am
FBR clarifies

FBR clarifies

The Federal Board of Revenue (FBR) has extended date for filing of revised returns (not statements) under section 214E of the Income Tax Ordinance, 2001 up to January 31, 2019. The FBR has issued a Corrigendum of Circular 10/2018 (Income Tax) here on Wedn
Published 03 Jan, 2019 12:00am
FBR clarifies

FBR clarifies

The Federal Board of Revenue (FBR) has extended date for filing of revised returns (not statements) under section 214E of the Income Tax Ordinance, 2001 up to January 31, 2019. The FBR has issued a Corrigendum of Circular 10/2018 (Income Tax) here on Wedn
Published 03 Jan, 2019 12:00am
Biogas guzzlers: Karachi's public buses to run on cow poo

Biogas guzzlers: Karachi's public buses to run on cow poo

In a bid to freshen its air and cut planet-warming emissions, the port city of Karachi will introduce cleaner-running buses powered by a decidedly "unclean" fuel: cow poo. With funding from the international Green Climate Fund, Karachi will launch a zero-
Published 03 Jan, 2019 12:00am
'The Major' dies aged 101

'The Major' dies aged 101

A former British officer who arrived in Pakistan with the Raj and stayed to become one of its most famous educators, with students including Prime Minister Imran Khan, has died in Lahore aged 101, officials said Wednesday. Major Geoffrey Douglas Langlands
Published 03 Jan, 2019 12:00am
'The Major' dies aged 101

'The Major' dies aged 101

A former British officer who arrived in Pakistan with the Raj and stayed to become one of its most famous educators, with students including Prime Minister Imran Khan, has died in Lahore aged 101, officials said Wednesday. Major Geoffrey Douglas Langlands
Published 03 Jan, 2019 12:00am
Mohmand Dam construction: Wapda chief defends Descon

Mohmand Dam construction: Wapda chief defends Descon

Chairman, Water and Power Development Authority (Wapda) Lt-Gen Muzammil Hussain (retd) on Wednesday came on the front foot to defend M/s Descon, a company owned by Prime Minister''s Adviser on Commerce, Textile, Industries and Production and Investment, m
Published 03 Jan, 2019 12:00am
Mohmand Dam construction: Wapda chief defends Descon

Mohmand Dam construction: Wapda chief defends Descon

Chairman, Water and Power Development Authority (Wapda) Lt-Gen Muzammil Hussain (retd) on Wednesday came on the front foot to defend M/s Descon, a company owned by Prime Minister's Adviser on Commerce, Textile, Industries and Production and Investment, ma
Published 03 Jan, 2019 12:00am
Mohmand Dam construction: Wapda chief defends Descon

Mohmand Dam construction: Wapda chief defends Descon

Chairman, Water and Power Development Authority (Wapda) Lt-Gen Muzammil Hussain (retd) on Wednesday came on the front foot to defend M/s Descon, a company owned by Prime Minister's Adviser on Commerce, Textile, Industries and Production and Investment, ma
Published 03 Jan, 2019 12:00am
PL on petrol raised by 42 percent

PL on petrol raised by 42 percent

The federal government raised petroleum levy (PL) on petrol by 42 percent and high speed diesel by 126 percent effective 1 January 2019. Oil and Gas Regulatory Authority (Ogra) had proposed a reduction in price of POL based on a 17 percent across the boar
Published 03 Jan, 2019 12:00am
PL on petrol raised by 42 percent

PL on petrol raised by 42 percent

The federal government raised petroleum levy (PL) on petrol by 42 percent and high speed diesel by 126 percent effective 1 January 2019. Oil and Gas Regulatory Authority (Ogra) had proposed a reduction in price of POL based on a 17 percent across the boar
Published 03 Jan, 2019 12:00am
PL on petrol raised by 42 percent

PL on petrol raised by 42 percent

The federal government raised petroleum levy (PL) on petrol by 42 percent and high speed diesel by 126 percent effective 1 January 2019. Oil and Gas Regulatory Authority (Ogra) had proposed a reduction in price of POL based on a 17 percent across the boar
Published 03 Jan, 2019 12:00am
President approves: Justice Khosa's appointment as CJP

President approves: Justice Khosa's appointment as CJP

President Dr Arif Alvi Wednesday approved a summary for appointment of Justice Asif Saeed Khosa as new chief justice of Pakistan. According to a notification issued by the Law Ministry, "The President is pleased to appoint Justice Asif Saeed Khan Khosa, t
Published 03 Jan, 2019 12:00am
President approves: Justice Khosa's appointment as CJP

President approves: Justice Khosa's appointment as CJP

President Dr Arif Alvi Wednesday approved a summary for appointment of Justice Asif Saeed Khosa as new chief justice of Pakistan. According to a notification issued by the Law Ministry, "The President is pleased to appoint Justice Asif Saeed Khan Khosa, t
Published 03 Jan, 2019 12:00am
What's happening to the bond market?

What's happening to the bond market?

A major economic distortion that has not attracted sufficient attention from analysts is the state of country's bond market, primarily comprising government securities. For nearly 18 months, the market is effectively dysfunctional.
Published 03 Jan, 2019 12:00am
What's happening to the bond market?

What's happening to the bond market?

A major economic distortion that has not attracted sufficient attention from analysts is the state of country's bond market, primarily comprising government securities. For nearly 18 months, the market is effectively dysfunctional.
Published 03 Jan, 2019 12:00am
What was just coincidental?

What was just coincidental?

The recent visit of Army Chief General Qamar Javed Bajwa to Qatar, a few days prior to the United Arab Emirates (UAE) pledge to release $ 3 billion to Pakistan to help a friend at a critical time, is just coincidental, well-informed sources told Busine
Published 03 Jan, 2019 12:00am
What was just coincidental?

What was just coincidental?

The recent visit of Army Chief General Qamar Javed Bajwa to Qatar, a few days prior to the United Arab Emirates (UAE) pledge to release $ 3 billion to Pakistan to help a friend at a critical time, is just coincidental, well-informed sources told Busine
Published 03 Jan, 2019 12:00am
UAE commits $3 billion as BoP support

UAE commits $3 billion as BoP support

Pakistan will receive another $1 billion from Saudi Arabia in the ongoing month while the United Arab Emirates (UAE) has committed $3 billion for balance of payment position. This was stated by Additional Secretary International Finance Mohammad Sohail wh
Published 03 Jan, 2019 12:00am
UAE commits $3 billion as BoP support

UAE commits $3 billion as BoP support

Pakistan will receive another $1 billion from Saudi Arabia in the ongoing month while the United Arab Emirates (UAE) has committed $3 billion for balance of payment position. This was stated by Additional Secretary International Finance Mohammad Sohail wh
Published 03 Jan, 2019 12:00am
UAE commits $3 billion as BoP support

UAE commits $3 billion as BoP support

Pakistan will receive another $1 billion from Saudi Arabia in the ongoing month while the United Arab Emirates (UAE) has committed $3 billion for balance of payment position. This was stated by Additional Secretary International Finance Mohammad Sohail wh
Published 03 Jan, 2019 12:00am
Resolution of perennial sell-off dispute in sight

Resolution of perennial sell-off dispute in sight

A high-level UAE delegation is due in the federal capital in the next few days where the matter pertaining to government of Pakistan-Etisalat is likely to be resolved, said Secretary Privatisation Rizwan Malik. "The government is actively pursuing the lon
Published 03 Jan, 2019 12:00am
Resolution of perennial sell-off dispute in sight

Resolution of perennial sell-off dispute in sight

A high-level UAE delegation is due in the federal capital in the next few days where the matter pertaining to government of Pakistan-Etisalat is likely to be resolved, said Secretary Privatisation Rizwan Malik. "The government is actively pursuing the lon
Published 03 Jan, 2019 12:00am
Resolution of perennial sell-off dispute in sight

Resolution of perennial sell-off dispute in sight

A high-level UAE delegation is due in the federal capital in the next few days where the matter pertaining to government of Pakistan-Etisalat is likely to be resolved, said Secretary Privatisation Rizwan Malik. "The government is actively pursuing the lon
Published 03 Jan, 2019 12:00am
BRIndex100 closes in negative zone

BRIndex100 closes in negative zone

Pakistan Stock Exchange remained under pressure due to selling in various sectors. BRIndex100 lost 19.69 points or 0.5 percent to close at 3,934.54 points on Wednesday. During the session, the BRIndex-100 touched an intraday high of 4,018.75 and an intrad
Published 03 Jan, 2019 12:00am
BRIndex100 closes in negative zone

BRIndex100 closes in negative zone

Pakistan Stock Exchange remained under pressure due to selling in various sectors. BRIndex100 lost 19.69 points or 0.5 percent to close at 3,934.54 points on Wednesday. During the session, the BRIndex-100 touched an intraday high of 4,018.75 and an intrad
Published 03 Jan, 2019 12:00am
BRIndex100 closes in negative zone

BRIndex100 closes in negative zone

Pakistan Stock Exchange remained under pressure due to selling in various sectors. BRIndex100 lost 19.69 points or 0.5 percent to close at 3,934.54 points on Wednesday. During the session, the BRIndex-100 touched an intraday high of 4,018.75 and an intrad
Published 03 Jan, 2019 12:00am
Taiwan reunification with China 'inevitable': Xi
Currency

Taiwan reunification with China 'inevitable': Xi

Taiwan's unification with the mainland is "inevitable", President Xi Jinping said Wednesday, warning against any efforts to promote the island's independence and saying China would not renounce the option of using military force to bring it into the fold.
Published 03 Jan, 2019 12:00am
Taiwan reunification with China 'inevitable': Xi
Currency

Taiwan reunification with China 'inevitable': Xi

Taiwan's unification with the mainland is "inevitable", President Xi Jinping said Wednesday, warning against any efforts to promote the island's independence and saying China would not renounce the option of using military force to bring it into the fold.
Published 03 Jan, 2019 12:00am
LNG terminal project: NAB initiates probe against ex-PM Khaqan

LNG terminal project: NAB initiates probe against ex-PM Khaqan

The National Accountability Bureau (NAB) Wednesday started investigation against former prime minister and then petroleum minister Shahid Khaqan Abbasi for alleged misuse of power with respect to liquefied natural gas (LNG) terminal project. An official s
Published 03 Jan, 2019 12:00am
LNG terminal project: NAB initiates probe against ex-PM Khaqan

LNG terminal project: NAB initiates probe against ex-PM Khaqan

The National Accountability Bureau (NAB) Wednesday started investigation against former prime minister and then petroleum minister Shahid Khaqan Abbasi for alleged misuse of power with respect to liquefied natural gas (LNG) terminal project. An official s
Published 03 Jan, 2019 12:00am
Body formed to review ECL

Body formed to review ECL

The federal government has constituted the Exit Control List (ECL) Review Committee, under the Interior Ministry, to review the names of 172 individuals placed on the ECL on the recommendation of a joint investigation team (JIT) probing the fake accounts
Published 03 Jan, 2019 12:00am
Body formed to review ECL

Body formed to review ECL

The federal government has constituted the Exit Control List (ECL) Review Committee, under the Interior Ministry, to review the names of 172 individuals placed on the ECL on the recommendation of a joint investigation team (JIT) probing the fake accounts
Published 03 Jan, 2019 12:00am
The Weather

The Weather

The weather report on Wednesday (January 02, 2019) and the forecast for Thursday (January 03, 2019).

Published 03 Jan, 2019 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (January 02, 2019).

Published 03 Jan, 2019 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 03 Jan, 2019 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 03 Jan, 2019 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (January 02, 2019).

Published 03 Jan, 2019 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (January 02, 2019)

Published 03 Jan, 2019 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Wednesday (January 02, 2019).

Published 03 Jan, 2019 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (January 02, 2019).

Published 03 Jan, 2019 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (January 02, 2019).

Published 03 Jan, 2019 12:00am
THE RUPEE: falling trend
Currency

THE RUPEE: falling trend

The rupee gave up overnight firmness against the dollar on the money market on Wednesday, dealers said. The rupee slipped slightly in relation to the dollar for buying and selling at Rs 138.89 and Rs 138.91 respectively.
Published 03 Jan, 2019 12:00am
THE RUPEE: falling trend
Currency

THE RUPEE: falling trend

The rupee gave up overnight firmness against the dollar on the money market on Wednesday, dealers said. The rupee slipped slightly in relation to the dollar for buying and selling at Rs 138.89 and Rs 138.91 respectively.
Published 03 Jan, 2019 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (January 02, 2019).

Published 03 Jan, 2019 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 03 Jan, 2019 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 03 Jan, 2019 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 03 Jan, 2019 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Pakistan Stock Exchange.

Published 03 Jan, 2019 12:00am
Currency notes: exchange rates
Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Wednesday (January 02, 2019).

Published 03 Jan, 2019 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (January 02, 2019).

Published 03 Jan, 2019 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 03 Jan, 2019 12:00am
State Bank of Pakistan conversion rates
Currency

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 03 Jan, 2019 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 03 Jan, 2019 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 03 Jan, 2019 12:00am
Top bank boosts Egypt index, major Gulf markets fall
Currency

Top bank boosts Egypt index, major Gulf markets fall

Egypt's blue-chip stock index rose sharply on Wednesday, boosted by its biggest bank, while all major Gulf markets were weak, with some investors away on year-end holidays. The Egyptian index rose 1.3 percent as Commercial International Bank gained 1.9 pe
Published 03 Jan, 2019 12:00am
Big IPOs eyeing a brittle Wall Street in 2019

Big IPOs eyeing a brittle Wall Street in 2019

Investors have been priming themselves for a potentially huge influx of companies selling stock to the public for the first time, led by ridesharing game changers Uber and Lyft, but the outlook is more uncertain with the vicious return of volatility to th
Published 03 Jan, 2019 12:00am
Hong Kong shares down

Hong Kong shares down

Hong Kong shares slumped in the first trading day of 2019 as investors digested disappointing data out of China that showed a contraction of manufacturing activity in December, adding to concerns over trade and an economic slowdown. At the close of trade,
Published 03 Jan, 2019 12:00am
Most Southeast Asian stocks end lower

Most Southeast Asian stocks end lower

Most Southeast Asian stocks erased early gains to end in the red on Wednesday with Malaysia losing the most, as disappointing Chinese economic data and a barrage of other dismal economic indicators stoked fears of a slowdown. In China - the region's large
Published 03 Jan, 2019 12:00am
Indian shares fall

Indian shares fall

Indian shares fell over 1 percent on Wednesday, dragged by auto stocks after disappointing December sales data, while stocks across the globe started 2019 on a downbeat note. The benchmark BSE index closed down 1 percent at 35,891.52. The broader NSE inde
Published 03 Jan, 2019 12:00am
China stocks start 2019 on bearish note

China stocks start 2019 on bearish note

China stocks started 2019 on a bearish note, closing lower on Wednesday, as lacklustre economic data stoked worries about a global slowdown. The blue-chip CSI300 index fell 1.4 percent to 2,969.54 points, while the Shanghai Composite Index ended down 1.1
Published 03 Jan, 2019 12:00am
European shares start 2019 shakily

European shares start 2019 shakily

European shares lost further ground in their first trading day of 2019 on Wednesday as fears about global growth, trade wars and political instability rolled over into the new year while investors sought safety in stocks considered less risky. While senti
Published 03 Jan, 2019 12:00am
Sri Lankan stocks up

Sri Lankan stocks up

The Colombo stock index ended 0.16 percent firmer at 6,062.20 on Wednesday. The bourse lost 5 percent in 2018. Turnover was 211.5 million rupees, well below last year's daily average of 834 million rupees. Foreign investors were net buyers of 19.2 million
Published 03 Jan, 2019 12:00am
Australian shares kick off 2019 in the red

Australian shares kick off 2019 in the red

Australian shares ended lower on Wednesday on the first trading day of the year as a disappointing Chinese manufacturing survey raised concerns about the health of the world's second largest economy and Australia's largest trading partner. The S&P/ASX 200
Published 03 Jan, 2019 12:00am
New year cheer as British stocks stage turnaround

New year cheer as British stocks stage turnaround

British shares clawed back losses on Wednesday to end the year's first trading day on a positive note after a disastrous 2018, helped by investor appetite for stocks deemed less risky and also by a comeback for oil majors despite weak data from China. Lon
Published 03 Jan, 2019 12:00am
Indian father and son battle for billion-dollar empire

Indian father and son battle for billion-dollar empire

Vijaypat Singhania thought he was keeping his billion-dollar Indian textile empire in the family when he gifted control of the Raymond Group to his son Gautam three years ago. But their relationship has disintegrated spectacularly since, with the father a
Published 03 Jan, 2019 12:00am
China's targeted reserve cuts to benefit more small firms

China's targeted reserve cuts to benefit more small firms

China's central bank has relaxed its conditions on targeted reserve requirement cuts to benefit more small firms, in the latest move to support the slowing economy. The People's Bank of China will include loans for small firms with a credit line of less t
Published 03 Jan, 2019 12:00am