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Print - 2019-01-12
Special police force to protect ancient relics in the offing

Special police force to protect ancient relics in the offing

Khyber Pakhtunkhwa Senior Minister Muhammad Atif Khan has said that a special police force would be created to ensure protection and security to 2000-year-old Buddhism heritage and ancient relics in the province.
Published 12 Jan, 2019 12:00am
Mandviwalla irked by defamation notice

Mandviwalla irked by defamation notice

Deputy Chairman Senate Saleem Mandviwalla Friday has appealed to the Supreme Court of Pakistan to constitute a joint investigation team (JIT) to investigate what he says former ambassador of Pakistan to US Ali Siddiqui's purported assets, businesses and s
Updated 18 Nov, 2019 11:29am
Minister vows to ensure safe journey on roads

Minister vows to ensure safe journey on roads

Federal Minister for Communications Murad Saeed has said they are determined to overcome travelling difficulties being faced by the people and provide them safe and sound journey on roads.
Published 12 Jan, 2019 12:00am
Indian HC, Janjua discuss visa issues

Indian HC, Janjua discuss visa issues

Indian High Commissioner Ajay Bisaria has exchanged views with Foreign Secretary Tehmina Janjua on issues related to the difficulties in getting visas for citizens of both countries and the alleged harassment of diplomats in each other's capitals.
Published 12 Jan, 2019 12:00am
Afghan government team meets JI chief

Afghan government team meets JI chief

A delegation of the Afghan government led by Afghan President Ashraf Ghani's special envoy and a former ambassador Umer Daudzai called on Emir Jamaat-e-Islami, Siraj-ul-Haq, in the federal capital on Friday and discussed ways and means to improve the situ
Published 12 Jan, 2019 12:00am
Punjab Assembly: Opposition protests over not removing names from ECL

Punjab Assembly: Opposition protests over not removing names from ECL

The opposition in Punjab Assembly on Friday protested against the PTI government for not removing the names of Pakistan Peoples Party (PPP) chairman Bilawal Bhutto-Zardari and Sindh Chief Minister Syed Murad Ali Shah from Exit Control List (ECL) despite t
Published 12 Jan, 2019 12:00am
Baldia factory fire

Baldia factory fire

According to media reports, a German court has thrown out a lawsuit by Pakistani plaintiffs against clothing retailer KiK over a deadly 2012 fire at a Karachi's Baldia Town garment factory, saying the statute of limitations had expired.
Published 12 Jan, 2019 12:00am
France's 'yellow vest' protests could shake up eurozone bond markets

France's 'yellow vest' protests could shake up eurozone bond markets

France's response to "yellow vest" protests could be a turning point for euro zone bond markets if it kicks off an era of increased public borrowing in the bloc and loads additional debt on to a market already nervous over the removal of ECB stimulus.
Published 12 Jan, 2019 12:00am
Rising interest

Rising interest

Notwithstanding the number of hours spent reading, the logic and objectives of monetary policy decisions have largely remained inexplicable and dare one say, illogical; albeit this does not mean all other economic theories make perfect sense.
Published 12 Jan, 2019 12:00am
Reviving ailing PSEs - I

Reviving ailing PSEs - I

The Federal Cabinet last month decided to constitute "Sarmaya-e-Pakistan Company" to revive 193 state-owned entities and manage their affairs in an efficient manner.
Published 12 Jan, 2019 12:00am
The ECL controversy

The ECL controversy

The federal cabinet has decided to await receipt of written orders issued by the Supreme Court (SC) on removal of names of the Chairman Pakistan Peoples' Party Bilawal Bhutto Zardari and Sindh Chief Minister (CM) Syed Murad Ali Shah from the Exit Control
Updated 27 Jul, 2019 09:05am
Remittances highly critical for our economy

Remittances highly critical for our economy

The Governor State Bank of Pakistan while launching online payment platform for remittances operated by Ani-Financial Services in collaboration with Telenor Microfinance Bank and Valou Malaysia emphasised the importance of remittances in the country's eco
Updated 27 Jul, 2019 09:05am
Trump says won't declare national emergency 'so fast'

Trump says won't declare national emergency 'so fast'

US President Donald Trump on Friday ruled out declaring a national emergency imminently to bypass Congress and get funding for his Mexico-US border wall project. "The easy solution is for me to call a national emergency... (but) I'm not going to do it so
Published 12 Jan, 2019 12:00am
Trump says won't declare national emergency 'so fast'

Trump says won't declare national emergency 'so fast'

US President Donald Trump on Friday ruled out declaring a national emergency imminently to bypass Congress and get funding for his Mexico-US border wall project. "The easy solution is for me to call a national emergency... (but) I'm not going to do it so
Published 12 Jan, 2019 12:00am
January 15 deadline: Owners of non-activated mobile devices given option

January 15 deadline: Owners of non-activated mobile devices given option

The government has provided an option to the owners of mobile devices, which are not activated by upcoming January 15 to get such devices regularised on payment of leviable duty/taxes along with payment of 10 percent fine and submission of Certificate of
Published 12 Jan, 2019 12:00am
January 15 deadline: Owners of non-activated mobile devices given option

January 15 deadline: Owners of non-activated mobile devices given option

The government has provided an option to the owners of mobile devices, which are not activated by upcoming January 15 to get such devices regularised on payment of leviable duty/taxes along with payment of 10 percent fine and submission of Certificate of
Published 12 Jan, 2019 12:00am
January 15 deadline: Owners of non-activated mobile devices given option

January 15 deadline: Owners of non-activated mobile devices given option

The government has provided an option to the owners of mobile devices, which are not activated by upcoming January 15 to get such devices regularised on payment of leviable duty/taxes along with payment of 10 percent fine and submission of Certificate of
Published 12 Jan, 2019 12:00am
Bid to oust Muslim from Republican post fails in Texas

Bid to oust Muslim from Republican post fails in Texas

A bid to oust a Republican Party leader in Texas because he is a Muslim has failed after it was put to a vote of the executive committee. Committee members voted 139-49 on Thursday night to retain Shahid Shafi, a trauma surgeon, as the vice chairman of th
Published 12 Jan, 2019 12:00am
Bid to oust Muslim from Republican post fails in Texas

Bid to oust Muslim from Republican post fails in Texas

A bid to oust a Republican Party leader in Texas because he is a Muslim has failed after it was put to a vote of the executive committee. Committee members voted 139-49 on Thursday night to retain Shahid Shafi, a trauma surgeon, as the vice chairman of th
Published 12 Jan, 2019 12:00am
SECP imposes Rs130,000 penalty on KE CEO, directors

SECP imposes Rs130,000 penalty on KE CEO, directors

The Securities and Exchange Commission of Pakistan (SECP) has imposed an aggregated penalty of Rs 130,000 on chief executive officer and directors of the K-Electric Limited (company). In this regard, the SECP has uploaded an order on its website on Friday
Published 12 Jan, 2019 12:00am
SECP imposes Rs130,000 penalty on KE CEO, directors

SECP imposes Rs130,000 penalty on KE CEO, directors

The Securities and Exchange Commission of Pakistan (SECP) has imposed an aggregated penalty of Rs 130,000 on chief executive officer and directors of the K-Electric Limited (company). In this regard, the SECP has uploaded an order on its website on Friday
Published 12 Jan, 2019 12:00am
SECP imposes Rs130,000 penalty on KE CEO, directors

SECP imposes Rs130,000 penalty on KE CEO, directors

The Securities and Exchange Commission of Pakistan (SECP) has imposed an aggregated penalty of Rs 130,000 on chief executive officer and directors of the K-Electric Limited (company). In this regard, the SECP has uploaded an order on its website on Friday
Published 12 Jan, 2019 12:00am
'Defence products effective solution for UAE's needs'

'Defence products effective solution for UAE's needs'

Federal Minister for Defence Production Zubaida Jalal said that the country's defence industry products and equipments are at par with the international standards that can provide effective solutions to growing defence needs of UAE. She said this while ta
Published 12 Jan, 2019 12:00am
'Defence products effective solution for UAE's needs'

'Defence products effective solution for UAE's needs'

Federal Minister for Defence Production Zubaida Jalal said that the country's defence industry products and equipments are at par with the international standards that can provide effective solutions to growing defence needs of UAE. She said this while ta
Published 12 Jan, 2019 12:00am
CJP says never interfere in any others' domain

CJP says never interfere in any others' domain

Chief Justice Pakistan (CJP) Justice Mian Saqib Nisar said, "I founded judicial activism with good intention but never interfered in any others' domain." Addressing a farewell ceremony arranged by the Lahore High Court Bar Association, the CJP said, "Purp
Published 12 Jan, 2019 12:00am
CJP says never interfere in any others' domain

CJP says never interfere in any others' domain

Chief Justice Pakistan (CJP) Justice Mian Saqib Nisar said, "I founded judicial activism with good intention but never interfered in any others' domain." Addressing a farewell ceremony arranged by the Lahore High Court Bar Association, the CJP said, "Purp
Published 12 Jan, 2019 12:00am
NFC reconstituted

NFC reconstituted

In partial modification of notification SRO 374(I)/2015 dated 24th April, 2015, SRO.123(I)/2016 dated 16th February, 2016 and SRO.11(KE)/2017 dated 9th December, 2016 and in pursuance of Article 160(I) of the Constitution of the Islamic Republic of Pakist
Published 12 Jan, 2019 12:00am
NFC reconstituted

NFC reconstituted

In partial modification of notification SRO 374(I)/2015 dated 24th April, 2015, SRO.123(I)/2016 dated 16th February, 2016 and SRO.11(KE)/2017 dated 9th December, 2016 and in pursuance of Article 160(I) of the Constitution of the Islamic Republic of Pakist
Published 12 Jan, 2019 12:00am
NFC reconstituted

NFC reconstituted

In partial modification of notification SRO 374(I)/2015 dated 24th April, 2015, SRO.123(I)/2016 dated 16th February, 2016 and SRO.11(KE)/2017 dated 9th December, 2016 and in pursuance of Article 160(I) of the Constitution of the Islamic Republic of Pakist
Published 12 Jan, 2019 12:00am
NFC reconstituted

NFC reconstituted

In partial modification of notification SRO 374(I)/2015 dated 24th April, 2015, SRO.123(I)/2016 dated 16th February, 2016 and SRO.11(KE)/2017 dated 9th December, 2016 and in pursuance of Article 160(I) of the Constitution of the Islamic Republic of Pakist
Published 12 Jan, 2019 12:00am
NFC reconstituted

NFC reconstituted

In partial modification of notification SRO 374(I)/2015 dated 24th April, 2015, SRO.123(I)/2016 dated 16th February, 2016 and SRO.11(KE)/2017 dated 9th December, 2016 and in pursuance of Article 160(I) of the Constitution of the Islamic Republic of Pakist
Published 12 Jan, 2019 12:00am
Rise of renewables creating ''new world'': report

Rise of renewables creating ''new world'': report

The rapid growth of renewable energy sources and the demise of fossil fuels are causing major changes in global politics, a special commission said in a report Friday. The shift "will alter the global distribution of power, relations between states, the r
Published 12 Jan, 2019 12:00am
Rise of renewables creating 'new world': report

Rise of renewables creating 'new world': report

The rapid growth of renewable energy sources and the demise of fossil fuels are causing major changes in global politics, a special commission said in a report Friday. The shift "will alter the global distribution of power, relations between states, the r
Published 12 Jan, 2019 12:00am
Rise of renewables creating 'new world': report

Rise of renewables creating 'new world': report

The rapid growth of renewable energy sources and the demise of fossil fuels are causing major changes in global politics, a special commission said in a report Friday. The shift "will alter the global distribution of power, relations between states, the r
Published 12 Jan, 2019 12:00am
Israeli gunfire kills Gaza woman during border protests

Israeli gunfire kills Gaza woman during border protests

Israeli troops shot dead a Palestinian woman during Gaza border protests on Friday, medics said, and the military said it opened fire in response to grenade and rock attacks and breaches of the frontier. Ashraf Al-Qidra, spokesman for the Gaza health mini
Published 12 Jan, 2019 12:00am
Israeli gunfire kills Gaza woman during border protests

Israeli gunfire kills Gaza woman during border protests

Israeli troops shot dead a Palestinian woman during Gaza border protests on Friday, medics said, and the military said it opened fire in response to grenade and rock attacks and breaches of the frontier. Ashraf Al-Qidra, spokesman for the Gaza health mini
Published 12 Jan, 2019 12:00am
The Weather

The Weather

The weather report on Friday (January 11, 2019) and the forecast for Saturday (January 12, 2019).

Published 12 Jan, 2019 12:00am
Rashid, Buzdar discuss traders' issues

Rashid, Buzdar discuss traders' issues

Punjab chief minister Sardar Usman Buzdar in a meeting with Federal Minister for Railways Sheikh Rashid Ahmad here on Friday assured that traders' problems will be solved on priority basis. "The PTI government acknowledges important role of traders in the
Published 12 Jan, 2019 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 12 Jan, 2019 12:00am
India plans manned space mission by December 2021

India plans manned space mission by December 2021

India will send its first manned mission into space by December 2021, the head of the country's space agency said on Friday. The three-person mission would make the Asian giant the fourth country after Russia, the United States and China to put people in
Published 12 Jan, 2019 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 12 Jan, 2019 12:00am
Powell sought fast end in 2013 to Fed's bond-buying programme

Powell sought fast end in 2013 to Fed's bond-buying programme

Federal Reserve Chairman Jerome Powell, in his early days on the US central bank's board of governors, argued frequently and forcefully for an end to the bond purchases undertaken to support the recovery from the financial crisis, transcripts of policy me
Published 12 Jan, 2019 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (January 11, 2019).

Published 12 Jan, 2019 12:00am
Powell sought fast end in 2013 to Fed's bond-buying programme

Powell sought fast end in 2013 to Fed's bond-buying programme

Federal Reserve Chairman Jerome Powell, in his early days on the US central bank's board of governors, argued frequently and forcefully for an end to the bond purchases undertaken to support the recovery from the financial crisis, transcripts of policy me
Published 12 Jan, 2019 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (January 11, 2019)

Published 12 Jan, 2019 12:00am
Projects in the Chenab basin: India agrees to allow inspection

Projects in the Chenab basin: India agrees to allow inspection

In a major breakthrough, India has agreed to allow Pakistani team led by Pakistan Indus Water Commissioner Mehr Ali Shah for inspection of Indian projects in the Chenab basin in Held Kashmir. This was claimed by Federal Minister for Water Resources Faisal
Published 12 Jan, 2019 12:00am
Projects in the Chenab basin: India agrees to allow inspection

Projects in the Chenab basin: India agrees to allow inspection

In a major breakthrough, India has agreed to allow Pakistani team led by Pakistan Indus Water Commissioner Mehr Ali Shah for inspection of Indian projects in the Chenab basin in Held Kashmir. This was claimed by Federal Minister for Water Resources Faisal
Published 12 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 Friday (January 11, 2019).

Published 12 Jan, 2019 12:00am
Projects in the Chenab basin: India agrees to allow inspection

Projects in the Chenab basin: India agrees to allow inspection

In a major breakthrough, India has agreed to allow Pakistani team led by Pakistan Indus Water Commissioner Mehr Ali Shah for inspection of Indian projects in the Chenab basin in Held Kashmir. This was claimed by Federal Minister for Water Resources Faisal
Published 12 Jan, 2019 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (January 11, 2019).

Published 12 Jan, 2019 12:00am
Five arrested over attack on Chinese consulate

Five arrested over attack on Chinese consulate

Research and Analysis Wing (RAW), an Indian spy agency, perpetrated the November attack on Chinese Consulate in Karachi, Additional IG Dr Amir Ahmed Shaikh disclosed on Friday. "The deadly terrorist attack was planned in Afghanistan, and executed with the
Published 12 Jan, 2019 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (January 11, 2019).

Published 12 Jan, 2019 12:00am
Five arrested over attack on Chinese consulate

Five arrested over attack on Chinese consulate

Research and Analysis Wing (RAW), an Indian spy agency, perpetrated the November attack on Chinese Consulate in Karachi, Additional IG Dr Amir Ahmed Shaikh disclosed on Friday. "The deadly terrorist attack was planned in Afghanistan, and executed with the
Published 12 Jan, 2019 12:00am
BRIndex100 inches up

BRIndex100 inches up

Pakistan Stock Exchange Friday witnessed a mixed trend as investors adopted a cautious approach on the last trading day. BRIndex100 closed on 4,127.41 points, up 5.19 points or 0.13 percent. BRIndex100 touched intraday high of 4,148.34 and intraday low of
Published 12 Jan, 2019 12:00am
BRIndex100 inches up

BRIndex100 inches up

Pakistan Stock Exchange Friday witnessed a mixed trend as investors adopted a cautious approach on the last trading day. BRIndex100 closed on 4,127.41 points, up 5.19 points or 0.13 percent. BRIndex100 touched intraday high of 4,148.34 and intraday low of
Published 12 Jan, 2019 12:00am
THE RUPEE: mixed patterns
Currency

THE RUPEE: mixed patterns

The rupee moved both ways against the dollar on the money market on Friday in the process of trading, dealers said. The rupee picked up two paisas versus the dollar for buying and selling at Rs 138.84 and Rs 138.86 respectively, they said.
Published 12 Jan, 2019 12:00am
BRIndex100 inches up

BRIndex100 inches up

Pakistan Stock Exchange Friday witnessed a mixed trend as investors adopted a cautious approach on the last trading day. BRIndex100 closed on 4,127.41 points, up 5.19 points or 0.13 percent. BRIndex100 touched intraday high of 4,148.34 and intraday low of
Published 12 Jan, 2019 12:00am
THE RUPEE: mixed patterns
Currency

THE RUPEE: mixed patterns

The rupee moved both ways against the dollar on the money market on Friday in the process of trading, dealers said. The rupee picked up two paisas versus the dollar for buying and selling at Rs 138.84 and Rs 138.86 respectively, they said.
Published 12 Jan, 2019 12:00am
Wheat to be exported without subsidy

Wheat to be exported without subsidy

After a gap of 10 years, Pakistani wheat will be exported without subsidy as a number of bidders have agreed to procure commodity at higher than minimum price fixed by PASSCO. In order to offload the stocks of wheat before arrival of new crop, Economic Co
Published 12 Jan, 2019 12:00am
Wheat to be exported without subsidy

Wheat to be exported without subsidy

After a gap of 10 years, Pakistani wheat will be exported without subsidy as a number of bidders have agreed to procure commodity at higher than minimum price fixed by PASSCO. In order to offload the stocks of wheat before arrival of new crop, Economic Co
Published 12 Jan, 2019 12:00am
Wheat to be exported without subsidy

Wheat to be exported without subsidy

After a gap of 10 years, Pakistani wheat will be exported without subsidy as a number of bidders have agreed to procure commodity at higher than minimum price fixed by PASSCO. In order to offload the stocks of wheat before arrival of new crop, Economic Co
Published 12 Jan, 2019 12:00am
9-15 percent increase in drug prices notified
Currency

9-15 percent increase in drug prices notified

With the approval of the federal government, the Drug Regulatory Authority of Pakistan (DRAP) has increased drug prices in the range from 09 percent to 15 percent. According to a notification issued on Friday, maximum retail prices of drugs may be increas
Published 12 Jan, 2019 12:00am
9-15 percent increase in drug prices notified
Currency

9-15 percent increase in drug prices notified

With the approval of the federal government, the Drug Regulatory Authority of Pakistan (DRAP) has increased drug prices in the range from 09 percent to 15 percent. According to a notification issued on Friday, maximum retail prices of drugs may be increas
Published 12 Jan, 2019 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (January 11, 2019).

Published 12 Jan, 2019 12:00am
9-15 percent increase in drug prices notified
Currency

9-15 percent increase in drug prices notified

With the approval of the federal government, the Drug Regulatory Authority of Pakistan (DRAP) has increased drug prices in the range from 09 percent to 15 percent. According to a notification issued on Friday, maximum retail prices of drugs may be increas
Published 12 Jan, 2019 12:00am
Brexit donors say UK will reverse decision to leave EU

Brexit donors say UK will reverse decision to leave EU

Two of the biggest donors to the Brexit campaign say they now believe the project they championed will eventually be abandoned by the government and the United Kingdom will stay in the European Union. Peter Hargreaves, the billionaire who was the second b
Published 12 Jan, 2019 12:00am
Brexit donors say UK will reverse decision to leave EU

Brexit donors say UK will reverse decision to leave EU

Two of the biggest donors to the Brexit campaign say they now believe the project they championed will eventually be abandoned by the government and the United Kingdom will stay in the European Union. Peter Hargreaves, the billionaire who was the second b
Published 12 Jan, 2019 12:00am
IMF team meets tax officials

IMF team meets tax officials

A team of International Monetary Fund (IMF) Friday visited Federal Board of Revenue (FBR) headquarters and met tax authorities to discuss different issues including reforms and taxation system of Pakistan. It is reliably learnt that the IMF team led by Re
Published 12 Jan, 2019 12:00am
IMF team meets tax officials

IMF team meets tax officials

A team of International Monetary Fund (IMF) Friday visited Federal Board of Revenue (FBR) headquarters and met tax authorities to discuss different issues including reforms and taxation system of Pakistan. It is reliably learnt that the IMF team led by Re
Published 12 Jan, 2019 12:00am
IMF team meets tax officials

IMF team meets tax officials

A team of International Monetary Fund (IMF) Friday visited Federal Board of Revenue (FBR) headquarters and met tax authorities to discuss different issues including reforms and taxation system of Pakistan. It is reliably learnt that the IMF team led by Re
Published 12 Jan, 2019 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 12 Jan, 2019 12:00am
IMF team meets tax officials

IMF team meets tax officials

A team of International Monetary Fund (IMF) Friday visited Federal Board of Revenue (FBR) headquarters and met tax authorities to discuss different issues including reforms and taxation system of Pakistan. It is reliably learnt that the IMF team led by Re
Published 12 Jan, 2019 12:00am
SC refuses to close Asghar Khan case

SC refuses to close Asghar Khan case

The Supreme Court declined the plea of Federal Investigation Agency (FIA) to close the Asghar Khan case, saying the object of the judgement was to cleanse the system. The secretary defence was directed to file a report regarding the process and proceeding
Published 12 Jan, 2019 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Pakistan Stock Exchange.

Published 12 Jan, 2019 12:00am
SC refuses to close Asghar Khan case

SC refuses to close Asghar Khan case

The Supreme Court declined the plea of Federal Investigation Agency (FIA) to close the Asghar Khan case, saying the object of the judgement was to cleanse the system. The secretary defence was directed to file a report regarding the process and proceeding
Published 12 Jan, 2019 12:00am
Saudi team to visit Gwadar for refinery project

Saudi team to visit Gwadar for refinery project

Saudi Minister for Energy, Industry and Mineral Resources, Khalid bin Abdulaziz Al-Falih will arrive in Gwadar today to formulate modalities for setting up Saudi Amarco''s proposed oil refinery at Gwadar. The sources said that Minister for Petroleum Ghula
Published 12 Jan, 2019 12:00am
Saudi team to visit Gwadar for refinery project

Saudi team to visit Gwadar for refinery project

Saudi Minister for Energy, Industry and Mineral Resources, Khalid bin Abdulaziz Al-Falih will arrive in Gwadar today to formulate modalities for setting up Saudi Amarco's proposed oil refinery at Gwadar. The sources said that Minister for Petroleum Ghulam
Published 12 Jan, 2019 12:00am