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Print - 2019-04-19
Capital punishment: legal experts divided over government's decision

Capital punishment: legal experts divided over government's decision

Legal experts are divided over the government's decision to convert capital punishment into life imprisonment to facilitate extradition of Pakistani nationals living abroad, particularly in European countries, and facing serious charges in Pakistan.
Published 19 Apr, 2019 12:00am
Rain-related incidents claim seven lives in KP

Rain-related incidents claim seven lives in KP

At least seven people were killed and seven others injured in rain related incidents in different parts of Khyber Pakhtunkhwa on Thursday. According to details, three persons died in Tangi area of Charsadda and three in Inayat Kally of Bajaur district. Si
Published 19 Apr, 2019 12:00am
NA body concerned at incidents of HR violations

NA body concerned at incidents of HR violations

A parliamentary panel on Thursday expressed concern over the recent incidents of human rights violations including police brutality in Karachi, terrorist attacks on Hazara community in Quetta and killing of passengers on Makran Coastal Highway.
Published 19 Apr, 2019 12:00am
NDMA extends humanitarian aid to Balochistan

NDMA extends humanitarian aid to Balochistan

National Disaster Management Authority (NDMA) handed over a relief package comprising of 2000 tents, 1000 blankets and sleeping bags, 1500 plastic mats and 20 generators to Provincial Disaster Management Authority (PDMA) Balochistan.
Published 19 Apr, 2019 12:00am
'NAB's action and retraction'

'NAB's action and retraction'

This is apropos a Business Recorder editorial "NAB's action and retraction" carried by the newspaper yesterday. The newspaper has concluded its argument by saying that "Just the other day, it announced recovery of properties and cash worth a whoppi
Published 19 Apr, 2019 12:00am
France points way for UK shake up of audit market

France points way for UK shake up of audit market

Taking on the Big Four accounting firms will remain a lengthy and costly challenge for smaller rivals in Britain despite the regulatory leg-up unveiled on Thursday, but France has shown it can be done over a decade.
Published 19 Apr, 2019 12:00am
Hybrid warfare: emerging challenges for police

Hybrid warfare: emerging challenges for police

The newest entrant in the lexicon of war, Hybrid warfare, has spread to almost all parts of the world today. While it is a challenge for the military and the civilian bureaucracy, increasingly the frontline in both kinetic and non-kinetic warfare is the p
Published 19 Apr, 2019 12:00am
PTI: forgotten promises
Currency

PTI: forgotten promises

People of Pakistan in general and businessmen in particular are quite disillusioned with the performance of Pakistan Tehreek-e-Insaf (PTI) after seeing that prices of items of daily use (food, medicines, petrol, utilities) have skyrocketed in just a few m
Published 19 Apr, 2019 12:00am
A poor rights record

A poor rights record

In its annual report for 2018 on the "State of Human Rights" the Human Rights Commission of Pakistan (HRCP), once again, presents a dismal picture. A year of general elections, 2018, was plagued by allegations of pre-poll manipulation and vote rigging, no
Updated 19 Apr, 2019 06:44am
'Casino economy'

'Casino economy'

Kaiser Bengali at the launch of his report "Economy on a roller coaster and stuck in the mud" stated that "technically Pakistan is already in default given the net negative balance. This crisis has not risen as a short-term cash flow problem but is rooted
Updated 19 Apr, 2019 06:44am
Iran says its armed forces are not a regional threat

Iran says its armed forces are not a regional threat

President Hassan Rouhani said Iran's armed forces did not pose a threat to its neighbours as he addressed a display on Thursday of Iran's latest military equipment, including domestically produced fighter jets and Russian-made missile systems. The parade
Published 19 Apr, 2019 12:00am
Iran says its armed forces are not a regional threat

Iran says its armed forces are not a regional threat

President Hassan Rouhani said Iran's armed forces did not pose a threat to its neighbours as he addressed a display on Thursday of Iran's latest military equipment, including domestically produced fighter jets and Russian-made missile systems. The parade
Published 19 Apr, 2019 12:00am
Saudi, UAE send relief aid to Iran

Saudi, UAE send relief aid to Iran

Saudi Arabia and the UAE have sent 95 tons of humanitarian aid to their rival Iran as it reels from deadly floods, officials said Thursday, after Tehran complained US sanctions were obstructing relief.
Published 19 Apr, 2019 12:00am
Saudi, UAE send relief aid to Iran

Saudi, UAE send relief aid to Iran

Saudi Arabia and the UAE have sent 95 tons of humanitarian aid to their rival Iran as it reels from deadly floods, officials said Thursday, after Tehran complained US sanctions were obstructing relief.
Published 19 Apr, 2019 12:00am
Noted linguist Jameel Jalibi passes away

Noted linguist Jameel Jalibi passes away

Former Vice-Chancellor at the University of Karachi and noted linguist, Muhammad Jameel Khan on Thursday died aged 90 in Karachi. He was a well-known noted critic, linguist, writer and scholar of Urdu literature and linguistics. He was battling against lo
Published 19 Apr, 2019 12:00am
Noted linguist Jameel Jalibi passes away

Noted linguist Jameel Jalibi passes away

Former Vice-Chancellor at the University of Karachi and noted linguist, Muhammad Jameel Khan on Thursday died aged 90 in Karachi. He was a well-known noted critic, linguist, writer and scholar of Urdu literature and linguistics. He was battling against lo
Published 19 Apr, 2019 12:00am
Huge protest crowds mass again outside Sudan army HQ

Huge protest crowds mass again outside Sudan army HQ

Huge crowds of protesters massed again Thursday outside Sudan's army headquarters, determined to seek civilian rule one week after the military ousted veteran leader Omar al-Bashir, an AFP photographer said. Every road leading to the protest site was full
Published 19 Apr, 2019 12:00am
Huge protest crowds mass again outside Sudan army HQ

Huge protest crowds mass again outside Sudan army HQ

Huge crowds of protesters massed again Thursday outside Sudan's army headquarters, determined to seek civilian rule one week after the military ousted veteran leader Omar al-Bashir, an AFP photographer said. Every road leading to the protest site was full
Published 19 Apr, 2019 12:00am
Zardari's acquittal in references: IHC seeks complete record of cases

Zardari's acquittal in references: IHC seeks complete record of cases

The Islamabad High Court (IHC) hearing the National Accountability Bureau (NAB) appeal against trial court's verdict on acquitting the PPP's Co-Chairman Asif Ali Zardari from two references pertaining to the polo ground and Ursus tractors, has sought comp
Published 19 Apr, 2019 12:00am
Zardari's acquittal in references: IHC seeks complete record of cases

Zardari's acquittal in references: IHC seeks complete record of cases

The Islamabad High Court (IHC) hearing the National Accountability Bureau (NAB) appeal against trial court's verdict on acquitting the PPP's Co-Chairman Asif Ali Zardari from two references pertaining to the polo ground and Ursus tractors, has sought comp
Published 19 Apr, 2019 12:00am
Gunmen kill 14 after kidnapping them from buses on Makran coast

Gunmen kill 14 after kidnapping them from buses on Makran coast

Unidentified gunmen killed at least 14 people after forcing them to disembark from buses in Balochistan, officials said Thursday. The attackers, who numbered around two dozen, were wearing uniforms of the paramilitary Frontier Corps, provincial home secre
Published 19 Apr, 2019 12:00am
Gunmen kill 14 after kidnapping them from buses on Makran coast

Gunmen kill 14 after kidnapping them from buses on Makran coast

Unidentified gunmen killed at least 14 people after forcing them to disembark from buses in Balochistan, officials said Thursday. The attackers, who numbered around two dozen, were wearing uniforms of the paramilitary Frontier Corps, provincial home secre
Published 19 Apr, 2019 12:00am
FDI declines over 51 percent in nine months

FDI declines over 51 percent in nine months

Foreign Direct Investment (FDI) registered a massive decline of over 51 percent during the first nine months of this fiscal year (FY19) owing to slowdown in CPEC inflows. According to the State Bank of Pakistan (SBP), Pakistan has attracted FDI amounted t
Published 19 Apr, 2019 12:00am
FDI declines over 51 percent in nine months

FDI declines over 51 percent in nine months

Foreign Direct Investment (FDI) registered a massive decline of over 51 percent during the first nine months of this fiscal year (FY19) owing to slowdown in CPEC inflows. According to the State Bank of Pakistan (SBP), Pakistan has attracted FDI amounted t
Published 19 Apr, 2019 12:00am
FDI declines over 51 percent in nine months

FDI declines over 51 percent in nine months

Foreign Direct Investment (FDI) registered a massive decline of over 51 percent during the first nine months of this fiscal year (FY19) owing to slowdown in CPEC inflows. According to the State Bank of Pakistan (SBP), Pakistan has attracted FDI amounted t
Published 19 Apr, 2019 12:00am
C/A deficit narrows down by 29 percent in nine months

C/A deficit narrows down by 29 percent in nine months

The country's current account deficit narrowed down by 29 percent during the first nine months of this fiscal year (FY19) followed by lower goods and services deficit. Economists said that the country's external account continues to improve on back of low
Published 19 Apr, 2019 12:00am
C/A deficit narrows down by 29 percent in nine months

C/A deficit narrows down by 29 percent in nine months

The country's current account deficit narrowed down by 29 percent during the first nine months of this fiscal year (FY19) followed by lower goods and services deficit. Economists said that the country's external account continues to improve on back of low
Published 19 Apr, 2019 12:00am
India holds new vote amid violence and protests

India holds new vote amid violence and protests

Millions of voters across India cast ballots in the second round of the world's biggest election Thursday amid violence and protests that highlighted the intensity of animosity in the campaign. With more than a month to go before the marathon ends, Prime
Published 19 Apr, 2019 12:00am
India holds new vote amid violence and protests

India holds new vote amid violence and protests

Millions of voters across India cast ballots in the second round of the world's biggest election Thursday amid violence and protests that highlighted the intensity of animosity in the campaign. With more than a month to go before the marathon ends, Prime
Published 19 Apr, 2019 12:00am
Major cabinet reshuffle

Major cabinet reshuffle

The Pakistan Tehreek-e-Insaf-led government on Thursday made major reshuffle in the federal cabinet within its first eight months in office and named former Finance Minister Dr Hafeez Sheikh as Advisor to the Prime Minister on Finance, besides other appoi
Published 19 Apr, 2019 12:00am
Major cabinet reshuffle

Major cabinet reshuffle

The Pakistan Tehreek-e-Insaf-led government on Thursday made major reshuffle in the federal cabinet within its first eight months in office and named former Finance Minister Dr Hafeez Sheikh as Advisor to the Prime Minister on Finance, besides other appoi
Published 19 Apr, 2019 12:00am
Imran''s ''Yegor Gaidar'' quits ahead of IMF bailout
Currency

Imran''s ''Yegor Gaidar'' quits ahead of IMF bailout

Admitting of leaving economy in a difficult situation, Finance Minister Asad Umar on Thursday announced that he is quitting the federal cabinet and rejected Prime Minister Imran Khan''s offer to head the Ministry of Energy. Addressing a press conference a
Published 19 Apr, 2019 12:00am
Imran's 'Yegor Gaidar' quits ahead of IMF bailout
Currency

Imran's 'Yegor Gaidar' quits ahead of IMF bailout

Admitting of leaving economy in a difficult situation, Finance Minister Asad Umar on Thursday announced that he is quitting the federal cabinet and rejected Prime Minister Imran Khan's offer to head the Ministry of Energy. Addressing a press conference at
Published 19 Apr, 2019 12:00am
Imran's 'Yegor Gaidar' quits ahead of IMF bailout
Currency

Imran's 'Yegor Gaidar' quits ahead of IMF bailout

Admitting of leaving economy in a difficult situation, Finance Minister Asad Umar on Thursday announced that he is quitting the federal cabinet and rejected Prime Minister Imran Khan's offer to head the Ministry of Energy. Addressing a press conference at
Published 19 Apr, 2019 12:00am
BRIndex100 inches up by 7.94 points

BRIndex100 inches up by 7.94 points

Pakistan Stock Exchange witnessed a mixed trend however closed on positive note due to selective buying in late hours. BRIndex100 gained 7.94 points or 0.21 percent to close at 3,866.67 points on Thursday. During the session, the BRIndex-100 touched an in
Published 19 Apr, 2019 12:00am
BRIndex100 inches up by 7.94 points

BRIndex100 inches up by 7.94 points

Pakistan Stock Exchange witnessed a mixed trend however closed on positive note due to selective buying in late hours. BRIndex100 gained 7.94 points or 0.21 percent to close at 3,866.67 points on Thursday. During the session, the BRIndex-100 touched an in
Published 19 Apr, 2019 12:00am
BRIndex100 inches up by 7.94 points

BRIndex100 inches up by 7.94 points

Pakistan Stock Exchange witnessed a mixed trend however closed on positive note due to selective buying in late hours. BRIndex100 gained 7.94 points or 0.21 percent to close at 3,866.67 points on Thursday. During the session, the BRIndex-100 touched an in
Published 19 Apr, 2019 12:00am
''Amnesty'' scheme for recovery of GIDC may be announced

''Amnesty'' scheme for recovery of GIDC may be announced

The federal government is likely to announce "amnesty" scheme for recovery of outstanding Gas Infrastructure Development Cess (GIDC) through amendment in GIDC Amendment Act 2019, which has landed in the Ministry of Law and Justice for vetting, sources clo
Published 19 Apr, 2019 12:00am
'Amnesty' scheme for recovery of GIDC may be announced

'Amnesty' scheme for recovery of GIDC may be announced

The federal government is likely to announce "amnesty" scheme for recovery of outstanding Gas Infrastructure Development Cess (GIDC) through amendment in GIDC Amendment Act 2019, which has landed in the Ministry of Law and Justice for vetting, sources clo
Published 19 Apr, 2019 12:00am
'Amnesty' scheme for recovery of GIDC may be announced

'Amnesty' scheme for recovery of GIDC may be announced

The federal government is likely to announce "amnesty" scheme for recovery of outstanding Gas Infrastructure Development Cess (GIDC) through amendment in GIDC Amendment Act 2019, which has landed in the Ministry of Law and Justice for vetting, sources clo
Published 19 Apr, 2019 12:00am
Rental power: Government in talks for out-of-court settlement

Rental power: Government in talks for out-of-court settlement

The government is reportedly in talks with the Turkish government and M/s Karkey for an out-of-court settlement to avert attachment of Pakistan's properties in Europe, well-informed sources told Business Recorder.
Published 19 Apr, 2019 12:00am
One-time import of furnace oil: CCoE decides to seek cabinet''s approval

One-time import of furnace oil: CCoE decides to seek cabinet''s approval

The Cabinet Committee on Energy (CCoE) Thursday decided to seek the federal cabinet''s approval for one-time import of furnace oil, as 350,000 metric tonnes furnace oil is needed to meet energy requirements for the months of May and June 2019. A meeting o
Published 19 Apr, 2019 12:00am
One-time import of furnace oil: CCoE decides to seek cabinet's approval

One-time import of furnace oil: CCoE decides to seek cabinet's approval

The Cabinet Committee on Energy (CCoE) Thursday decided to seek the federal cabinet's approval for one-time import of furnace oil, as 350,000 metric tonnes furnace oil is needed to meet energy requirements for the months of May and June 2019. A meeting of
Published 19 Apr, 2019 12:00am
The Weather

The Weather

The weather report on Thursday (April 18, 2019) and the forecast for Friday (April 19, 2019).

Published 19 Apr, 2019 12:00am
One-time import of furnace oil: CCoE decides to seek cabinet's approval

One-time import of furnace oil: CCoE decides to seek cabinet's approval

The Cabinet Committee on Energy (CCoE) Thursday decided to seek the federal cabinet's approval for one-time import of furnace oil, as 350,000 metric tonnes furnace oil is needed to meet energy requirements for the months of May and June 2019. A meeting of
Published 19 Apr, 2019 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 19 Apr, 2019 12:00am
Trump feared Russia probe would 'end' presidency: Mueller report

Trump feared Russia probe would 'end' presidency: Mueller report

Donald Trump feared the probe into Russia election meddling led by Special Counsel Robert Mueller would doom his presidency and attempted to fire the top investigator, according to Mueller's long-awaited report, which was finally released Thursday. Shortl
Published 19 Apr, 2019 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 19 Apr, 2019 12:00am
Trump feared Russia probe would 'end' presidency: Mueller report

Trump feared Russia probe would 'end' presidency: Mueller report

Donald Trump feared the probe into Russia election meddling led by Special Counsel Robert Mueller would doom his presidency and attempted to fire the top investigator, according to Mueller's long-awaited report, which was finally released Thursday. Shortl
Published 19 Apr, 2019 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (April 18, 2019).

Published 19 Apr, 2019 12:00am
Cotton slips; posts worst week in 2 months
Cotton

Cotton slips; posts worst week in 2 months

ICE cotton futures fell on Thursday as the dollar strengthened, while a fall in the weekly export sales report from the United States Department of Agriculture's (USDA) added to the downbeat sentiment. The most-active cotton contract on ICE Futures US Jul
Published 19 Apr, 2019 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (April 18, 2019)

Published 19 Apr, 2019 12:00am
Zinc plunges as inventories climb, copper down

Zinc plunges as inventories climb, copper down

Zinc prices sank to a one-month low on Thursday after inventories in London Metal Exchange (LME) warehouses climbed and weak manufacturing data in Europe took the shine off base metals.
Published 19 Apr, 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 Thursday (April 18, 2019).

Published 19 Apr, 2019 12:00am
Tokyo rubber plunges on tumbling Shanghai

Tokyo rubber plunges on tumbling Shanghai

Tokyo Commodity Exchange (TOCOM) futures plunged more than two percent to an about 1-week low on Thursday, weighed down by tumbling Shanghai futures amid lingering worries over US-Sino trade talks.
Published 19 Apr, 2019 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (April 18, 2019).

Published 19 Apr, 2019 12:00am
Palm oil declines on weaker soyaoil
Vegetable Oil

Palm oil declines on weaker soyaoil

Malaysian palm oil futures dropped on Thursday, snapping two sessions of gains as they tracked weaker overnight soyaoil on the US Chicago Board of Trade and drew profit taking.
Published 19 Apr, 2019 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (April 18, 2019).

Published 19 Apr, 2019 12:00am
Arabica coffee rebounds, raw sugar climbs

Arabica coffee rebounds, raw sugar climbs

Arabica coffee futures on ICE rebounded on Thursday, erasing losses from the previous session when the contract hit a 13-1/2-year-low, while raw sugar prices also rose.
Published 19 Apr, 2019 12:00am
Gold inches up in Asia

Gold inches up in Asia

Gold prices edged up on Thursday from the near 4-month low touched early in the session after data showing euro zone businesses were under pressure brought concerns about global growth back to the fore.
Published 19 Apr, 2019 12:00am
Gold unchanged in Europe

Gold unchanged in Europe

Gold held steady near a four-month low on Thursday as a stronger dollar offset concerns over global economic growth after the release of weak manufacturing data out of Europe.
Published 19 Apr, 2019 12:00am
THE RUPEE: steady trend
Currency

THE RUPEE: steady trend

A kind of firmness prevailed on the money market on Thursday as the rupee held overnight levels against the dollar in the process of trading activity, dealers said. The rupee did not budge any side in relation to the dollar for buying and selling at Rs 14
Published 19 Apr, 2019 12:00am
US MIDDAY: soyabeans climb

US MIDDAY: soyabeans climb

US soyabean futures turned higher on Thursday after dropping to their lowest prices of the year on concerns about weak export demand and large harvests in South America.
Published 19 Apr, 2019 12:00am
THE RUPEE: steady trend
Currency

THE RUPEE: steady trend

A kind of firmness prevailed on the money market on Thursday as the rupee held overnight levels against the dollar in the process of trading activity, dealers said. The rupee did not budge any side in relation to the dollar for buying and selling at Rs 14
Published 19 Apr, 2019 12:00am
US MIDDAY: gold steadies

US MIDDAY: gold steadies

Gold held steady near a four-month low early on Thursday as gains in dollar driven by data showing robust US retail sales offset support for the metal from weak manufacturing data out of Europe, which kindled some concerns over global growth.
Published 19 Apr, 2019 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (April 18, 2019).

Published 19 Apr, 2019 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 19 Apr, 2019 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 19 Apr, 2019 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Pakistan Stock Exchange.

Published 19 Apr, 2019 12:00am