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Print - 2019-05-04
Oral Cancer Control Program inaugurated at KGH

Oral Cancer Control Program inaugurated at KGH

The Inauguration of Oral Cancer Control Program at Kharadar General Hospital was laid by the Special Secretary Health Dr Hafizullah Abbasi. During the ceremony he said the consumption of Gutka, Betel Nut, Tobacco and Cigarette Smoking is increasing the al
Published 04 May, 2019 12:00am
Meezan Bank, CDC join hands to provide Shares Custody Services

Meezan Bank, CDC join hands to provide Shares Custody Services

Meezan Bank Limited has joined hands with Central Depository Company (CDC) to launch Shares Custody Services for its customers. Ariful Islam Deputy CEO Meezan Bank and Badiuddin Akber Chief Executive Officer CDC signed the Memorandum of Understanding (MoU
Published 04 May, 2019 12:00am
Saudi Arabia to release 2,107 prisoners during Ramazan; NA told

Saudi Arabia to release 2,107 prisoners during Ramazan; NA told

Parliamentary Secretary for Foreign Affairs Andleeb Abbas informed the National Assembly on Friday that Saudi Arabia is expected to release Pakistani prisoners during Ramazan under special clemency law of the Kingdom. She said that Pakistani missions in S
Published 04 May, 2019 12:00am
Enthronement of Emperor Naruhito: Japanese envoy hosts reception

Enthronement of Emperor Naruhito: Japanese envoy hosts reception

Kuninori Matsuda, Ambassador of Japan to Pakistan and his wife on Thursday 2nd May hosted a reception at his official residence to celebrate the enthronement of Emperor Naruhito. On April 30, 2019 Emperor Akihito abdicated and Crown Prince was enthroned o
Published 04 May, 2019 12:00am
PAC chairman: Rana Tanvir's appointment unacceptable: Qureshi

PAC chairman: Rana Tanvir's appointment unacceptable: Qureshi

Foreign Minister Shah Mehmood Qureshi Friday said that decision of Pakistan Muslim League-Nawaz (PML-N) regarding Rana Tanvir Hussian's appointment as PAC chairman is unacceptable to Pakistan Tehreek-e-Insaf (PTI) and sought explanation from PML-N over th
Published 04 May, 2019 12:00am
Sehat Insaf Cards distributed among transgender community in KP

Sehat Insaf Cards distributed among transgender community in KP

The Sehat Insaf Cards were distributed among the members of transgender community in Khyber Pakhtunkhwa on Friday. A ceremony was held at Peshawar Press Club under auspice of TransAction Alliance with support of Blue Veins a local NGO working for an inclu
Published 04 May, 2019 12:00am
A sardonic comment

A sardonic comment

This is apropos a Business Recorder op-ed "Budget 2019-20 & tax reforms" carried by the newspaper yesterday. The writers, Huzaima Bukhari and Ikramul Haq, who are widely known as two top detractors of country's taxation system have made a fascinati
Published 04 May, 2019 12:00am
Economists do the job

Economists do the job

For someone who has forever been sceptical about the capacity of economics, as a subject, to be of any use in the real world, and the ability of economists to formulate a workable plan for alleviating the problems of common Pakistanis or even to manage th
Published 04 May, 2019 12:00am
IMF at the doorstep

IMF at the doorstep

In a promising development it appears that Prime Minister Imran Khan and the IMF Director Christine Lagarde developed good rapport and mutual understanding when they met last Friday on the sidelines of the second Belt & Road Forum in Beijing. During the m
Published 04 May, 2019 12:00am
Loya Jirga calls for ceasefire

Loya Jirga calls for ceasefire

The four-day Loya Jirga (Grand Assembly) invited by President Ashraf Ghani and attended by more than 3,000 Afghans from all walks of life concluded its deliberations this past Thursday, sending a message to government in Kabul, Taliban insurgents and inte
Updated 04 May, 2019 06:54am
Beginning of unravelling of PML-N?

Beginning of unravelling of PML-N?

The much talked about change in the political scenario has started to unfold. Whilst the PML-N President Shahbaz Sharif stayed back in London the party spokesperson, Marriyum Aurangzeb, issued a statement on Thursday following a meeting of the party's par
Updated 04 May, 2019 06:53am
Monster India cyclone 'kills eight', heads for major city

Monster India cyclone 'kills eight', heads for major city

Normally bustling Kolkata was eerily quiet late Friday as one of the biggest cyclones to hit India in years bore down on the major city after leaving a trail of deadly destruction in its wake. Cyclone Fani ("Snake" in Bengali) slammed into the eastern sta
Published 04 May, 2019 12:00am
Monster India cyclone 'kills eight', heads for major city

Monster India cyclone 'kills eight', heads for major city

Normally bustling Kolkata was eerily quiet late Friday as one of the biggest cyclones to hit India in years bore down on the major city after leaving a trail of deadly destruction in its wake. Cyclone Fani ("Snake" in Bengali) slammed into the eastern sta
Published 04 May, 2019 12:00am
Qureshi outlines economic diplomacy for socio-economic development

Qureshi outlines economic diplomacy for socio-economic development

Foreign Minister Shah Mehmood Qureshi Friday invited the foreign investors to take full advantage of exciting opportunities opening up in Pakistan and also outlined the government''s economic diplomacy for socio-economic development of the country.
Published 04 May, 2019 12:00am
Qureshi outlines economic diplomacy for socio-economic development

Qureshi outlines economic diplomacy for socio-economic development

Foreign Minister Shah Mehmood Qureshi Friday invited the foreign investors to take full advantage of exciting opportunities opening up in Pakistan and also outlined the government's economic diplomacy for socio-economic development of the country.
Published 04 May, 2019 12:00am
Qureshi outlines economic diplomacy for socio-economic development

Qureshi outlines economic diplomacy for socio-economic development

Foreign Minister Shah Mehmood Qureshi Friday invited the foreign investors to take full advantage of exciting opportunities opening up in Pakistan and also outlined the government's economic diplomacy for socio-economic development of the country.
Published 04 May, 2019 12:00am
Bank holiday

Bank holiday

The State Bank of Pakistan (SBP) will remain closed for public dealing on 1st Ramazan-ul-Mubarak 1440 A.H, which will be observed as bank holiday for deduction of Zakat, as usual. All banks/DFIs/MFBs shall, therefore, remain closed for public dealing on 1
Published 04 May, 2019 12:00am
Bank holiday

Bank holiday

The State Bank of Pakistan (SBP) will remain closed for public dealing on 1st Ramazan-ul-Mubarak 1440 A.H, which will be observed as bank holiday for deduction of Zakat, as usual. All banks/DFIs/MFBs shall, therefore, remain closed for public dealing on 1
Published 04 May, 2019 12:00am
German police shut down major 'darknet' illegal trading site

German police shut down major 'darknet' illegal trading site

German police have shut down one of the world's largest illegal online markets in the so-called darkweb and arrested the three men allegedly running it, prosecutors said Friday. The operation involved Europol, Dutch police and the FBI and also led to the
Published 04 May, 2019 12:00am
German police shut down major 'darknet' illegal trading site

German police shut down major 'darknet' illegal trading site

German police have shut down one of the world's largest illegal online markets in the so-called darkweb and arrested the three men allegedly running it, prosecutors said Friday. The operation involved Europol, Dutch police and the FBI and also led to the
Published 04 May, 2019 12:00am
PBC opposes removal of Fifth Schedule of Customs Act

PBC opposes removal of Fifth Schedule of Customs Act

In a statement issued on Friday, Ehsan Malik, CEO of the Pakistan Business Council (PBC) voiced his deep concern regarding a news item in the press on the likely withdrawal of the Fifth Schedule of the Customs Act.
Published 04 May, 2019 12:00am
PBC opposes removal of Fifth Schedule of Customs Act

PBC opposes removal of Fifth Schedule of Customs Act

In a statement issued on Friday, Ehsan Malik, CEO of the Pakistan Business Council (PBC) voiced his deep concern regarding a news item in the press on the likely withdrawal of the Fifth Schedule of the Customs Act.
Published 04 May, 2019 12:00am
PBC opposes removal of Fifth Schedule of Customs Act

PBC opposes removal of Fifth Schedule of Customs Act

In a statement issued on Friday, Ehsan Malik, CEO of the Pakistan Business Council (PBC) voiced his deep concern regarding a news item in the press on the likely withdrawal of the Fifth Schedule of the Customs Act.
Published 04 May, 2019 12:00am
Dismissal of Nawaz's plea: Government says SC decision based on facts

Dismissal of Nawaz's plea: Government says SC decision based on facts

Special Assistant to Prime Minister on Information and Broadcasting, Firdous Ashiq Awan has said that the Supreme Court's verdict on Nawaz Sharif's plea for extension in bail is based on facts. Addressing a press conference here on Friday, she said that t
Published 04 May, 2019 12:00am
Dismissal of Nawaz's plea: Government says SC decision based on facts

Dismissal of Nawaz's plea: Government says SC decision based on facts

Special Assistant to Prime Minister on Information and Broadcasting, Firdous Ashiq Awan has said that the Supreme Court's verdict on Nawaz Sharif's plea for extension in bail is based on facts. Addressing a press conference here on Friday, she said that t
Published 04 May, 2019 12:00am
Commanders' review evolving geo-strategic environment

Commanders' review evolving geo-strategic environment

The 221st Corps Commanders' Conference on Friday reviewed evolving geo-strategic environment and security situation of the country, including progress of operation Radd ul Fasaad.
Published 04 May, 2019 12:00am
Commanders' review evolving geo-strategic environment

Commanders' review evolving geo-strategic environment

The 221st Corps Commanders' Conference on Friday reviewed evolving geo-strategic environment and security situation of the country, including progress of operation Radd ul Fasaad.
Published 04 May, 2019 12:00am
SC dismisses Nawaz's bail extension plea

SC dismisses Nawaz's bail extension plea

The Supreme Court on Friday dismissed former Prime Minister Nawaz Sharif's application for extension in bail in Al-Azizia Mills case as well as permission to go abroad. Chief Justice Asif Saeed Khan Khosa, heading a three-member bench, said bail was grant
Published 04 May, 2019 12:00am
SC dismisses Nawaz's bail extension plea

SC dismisses Nawaz's bail extension plea

The Supreme Court on Friday dismissed former Prime Minister Nawaz Sharif's application for extension in bail in Al-Azizia Mills case as well as permission to go abroad. Chief Justice Asif Saeed Khan Khosa, heading a three-member bench, said bail was grant
Published 04 May, 2019 12:00am
Maryam appointed vice-president of PML-N

Maryam appointed vice-president of PML-N

Pakistan Muslim League-Nawaz (PML-N) on Friday appointed former Premier Shahid Khaqan Abbasi as senior vice president and Maryam Nawaz, the daughter of Nawaz Sharif, as vice president of the party. The development comes after Shahbaz Sharif stepped down a
Published 04 May, 2019 12:00am
Maryam appointed vice-president of PML-N

Maryam appointed vice-president of PML-N

Pakistan Muslim League-Nawaz (PML-N) on Friday appointed former Premier Shahid Khaqan Abbasi as senior vice president and Maryam Nawaz, the daughter of Nawaz Sharif, as vice president of the party. The development comes after Shahbaz Sharif stepped down a
Published 04 May, 2019 12:00am
Government''s helplessness against inflation challenge explained

Government''s helplessness against inflation challenge explained

Advisor to Prime Minister on Finance Dr Abdul Hafeez Shaikh has stated that there is a need to increase revenue collection in line with future requirements and reduce the budget deficit, adding that new measures and policies would have to be taken in budg
Published 04 May, 2019 12:00am
Government's helplessness against inflation challenge explained

Government's helplessness against inflation challenge explained

Advisor to Prime Minister on Finance Dr Abdul Hafeez Shaikh has stated that there is a need to increase revenue collection in line with future requirements and reduce the budget deficit, adding that new measures and policies would have to be taken in budg
Published 04 May, 2019 12:00am
Government's helplessness against inflation challenge explained

Government's helplessness against inflation challenge explained

Advisor to Prime Minister on Finance Dr Abdul Hafeez Shaikh has stated that there is a need to increase revenue collection in line with future requirements and reduce the budget deficit, adding that new measures and policies would have to be taken in budg
Published 04 May, 2019 12:00am
Rs 9.34 increase in petrol price approved by ECC

Rs 9.34 increase in petrol price approved by ECC

The Econ-omic Coordination Committee (ECC) of the Cabinet has decided to approve the increase as per recommendation of Oil and Gas Regulatory Authority (OGRA) in prices of petroleum products, except petrol price, and proposed Rs 9.34 per liter increase in
Published 04 May, 2019 12:00am
Rs 9.34 increase in petrol price approved by ECC

Rs 9.34 increase in petrol price approved by ECC

The Econ-omic Coordination Committee (ECC) of the Cabinet has decided to approve the increase as per recommendation of Oil and Gas Regulatory Authority (OGRA) in prices of petroleum products, except petrol price, and proposed Rs 9.34 per liter increase in
Published 04 May, 2019 12:00am
Rs 9.34 increase in petrol price approved by ECC

Rs 9.34 increase in petrol price approved by ECC

The Econ-omic Coordination Committee (ECC) of the Cabinet has decided to approve the increase as per recommendation of Oil and Gas Regulatory Authority (OGRA) in prices of petroleum products, except petrol price, and proposed Rs 9.34 per liter increase in
Published 04 May, 2019 12:00am
Rental power scam: Shahid Rafi turns approver

Rental power scam: Shahid Rafi turns approver

The Rental Power Plants (RPPs) scam has taken a new turn as Shahid Rafi, former secretary water and power as well as a key suspect, has become an approver in the case. The National Accountability Bureau (NAB) had filed 12 references relating to the RPPs i
Published 04 May, 2019 12:00am
Rental power scam: Shahid Rafi turns approver

Rental power scam: Shahid Rafi turns approver

The Rental Power Plants (RPPs) scam has taken a new turn as Shahid Rafi, former secretary water and power as well as a key suspect, has become an approver in the case. The National Accountability Bureau (NAB) had filed 12 references relating to the RPPs i
Published 04 May, 2019 12:00am
FBR chairman removed: SBP governor quits tenure midway
Currency

FBR chairman removed: SBP governor quits tenure midway

In a major development, State Bank of Pakistan (SBP) governor Tariq Bajwa stepped down from his post on Friday. The SBP governor Tariq Bajwa resigned with immediate effect. Hours later, the federal government removed Federal Board of Revenue (FBR) chairma
Published 04 May, 2019 12:00am
FBR chairman removed: SBP governor quits tenure midway
Currency

FBR chairman removed: SBP governor quits tenure midway

In a major development, State Bank of Pakistan (SBP) governor Tariq Bajwa stepped down from his post on Friday. The SBP governor Tariq Bajwa resigned with immediate effect. Hours later, the federal government removed Federal Board of Revenue (FBR) chairma
Published 04 May, 2019 12:00am
The Weather

The Weather

The weather report on Friday (May 03, 2019) and the forecast for Saturday (May 04, 2019).

Published 04 May, 2019 12:00am
FBR chairman removed: SBP governor quits tenure midway
Currency

FBR chairman removed: SBP governor quits tenure midway

In a major development, State Bank of Pakistan (SBP) governor Tariq Bajwa stepped down from his post on Friday. The SBP governor Tariq Bajwa resigned with immediate effect. Hours later, the federal government removed Federal Board of Revenue (FBR) chairma
Published 04 May, 2019 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (May 03, 2019).

Published 04 May, 2019 12:00am
Don't tell us to halt violence, tell the Americans: Afghan Taliban

Don't tell us to halt violence, tell the Americans: Afghan Taliban

The US special peace envoy for Afghanistan should stop calling on Taliban militants to lay down their arms and tell the United States to end the use of force instead, the Taliban said on Friday. Zalmay Khalilzad, an Afghan-born US diplomat, entered a sixt
Published 04 May, 2019 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 04 May, 2019 12:00am
Don't tell us to halt violence, tell the Americans: Afghan Taliban

Don't tell us to halt violence, tell the Americans: Afghan Taliban

The US special peace envoy for Afghanistan should stop calling on Taliban militants to lay down their arms and tell the United States to end the use of force instead, the Taliban said on Friday. Zalmay Khalilzad, an Afghan-born US diplomat, entered a sixt
Published 04 May, 2019 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 04 May, 2019 12:00am
IMF mission briefed about CPEC, PSDP

IMF mission briefed about CPEC, PSDP

Mission Chief International Monetary Fund (IMF) Ernesto Rigo Friday held a meeting with Secretary Planning, Devel-opment and Reform Zafar Hasan and discussed Public Sector Development Progr-amme (PSDP), China Pakistan Economic Corridor (CPEC) and other as
Published 04 May, 2019 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (May 03, 2019).

Published 04 May, 2019 12:00am
IMF mission briefed about CPEC, PSDP

IMF mission briefed about CPEC, PSDP

Mission Chief International Monetary Fund (IMF) Ernesto Rigo Friday held a meeting with Secretary Planning, Devel-opment and Reform Zafar Hasan and discussed Public Sector Development Progr-amme (PSDP), China Pakistan Economic Corridor (CPEC) and other as
Published 04 May, 2019 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (May 03, 2019)

Published 04 May, 2019 12:00am
IMF mission briefed about CPEC, PSDP

IMF mission briefed about CPEC, PSDP

Mission Chief International Monetary Fund (IMF) Ernesto Rigo Friday held a meeting with Secretary Planning, Devel-opment and Reform Zafar Hasan and discussed Public Sector Development Progr-amme (PSDP), China Pakistan Economic Corridor (CPEC) and other as
Published 04 May, 2019 12:00am
BRIndex100 plummets

BRIndex100 plummets

Sentiments at Pakistan Stock Exchange (PSX) remained negative on the last trading day of the week, Friday. BRIndex100 lost 50.9 points or 1.34 percent to close at 3,756.95 points compared to 3,807.85 points Thursday. BRIndex100 touched intraday high of 3,
Published 04 May, 2019 12:00am
BRIndex100 plummets

BRIndex100 plummets

Sentiments at Pakistan Stock Exchange (PSX) remained negative on the last trading day of the week, Friday. BRIndex100 lost 50.9 points or 1.34 percent to close at 3,756.95 points compared to 3,807.85 points Thursday. BRIndex100 touched intraday high of 3,
Published 04 May, 2019 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (May 03, 2019).

Published 04 May, 2019 12:00am
BRIndex100 plummets

BRIndex100 plummets

Sentiments at Pakistan Stock Exchange (PSX) remained negative on the last trading day of the week, Friday. BRIndex100 lost 50.9 points or 1.34 percent to close at 3,756.95 points compared to 3,807.85 points Thursday. BRIndex100 touched intraday high of 3,
Published 04 May, 2019 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (May 03, 2019).

Published 04 May, 2019 12:00am
FATF list: Government expresses deep concerns over India''s designs

FATF list: Government expresses deep concerns over India''s designs

Pakistan Friday expressed deep concern over Indian finance minister''s statement about New Delhi''s intention to have "Pakistan downgraded on the FATF list" and also questioned India''s credentials for co-chairing and being a member of the Asia Pacific Jo
Published 04 May, 2019 12:00am
THE RUPEE: mixed patterns
Currency

THE RUPEE: mixed patterns

Divergent trend was witnessed on the money market on Friday in the process of trading activity, dealers said.
Published 04 May, 2019 12:00am
FATF list: Government expresses deep concerns over India's designs

FATF list: Government expresses deep concerns over India's designs

Pakistan Friday expressed deep concern over Indian finance minister's statement about New Delhi's intention to have "Pakistan downgraded on the FATF list" and also questioned India's credentials for co-chairing and being a member of the Asia Pacific Joint
Published 04 May, 2019 12:00am
THE RUPEE: mixed patterns
Currency

THE RUPEE: mixed patterns

Divergent trend was witnessed on the money market on Friday in the process of trading activity, dealers said.
Published 04 May, 2019 12:00am
FATF list: Government expresses deep concerns over India's designs

FATF list: Government expresses deep concerns over India's designs

Pakistan Friday expressed deep concern over Indian finance minister's statement about New Delhi's intention to have "Pakistan downgraded on the FATF list" and also questioned India's credentials for co-chairing and being a member of the Asia Pacific Joint
Published 04 May, 2019 12:00am
Ramazan 2019: PM for availability of commodities at approved rates

Ramazan 2019: PM for availability of commodities at approved rates

Prime Minister Imran Khan has directed Islamabad administration and provincial governments to ensure availability of essential commodities at approved rates during the month of Ramazan and those involved in hoarding and profiteering must be taken to task.
Published 04 May, 2019 12:00am
Ramazan 2019: PM for availability of commodities at approved rates

Ramazan 2019: PM for availability of commodities at approved rates

Prime Minister Imran Khan has directed Islamabad administration and provincial governments to ensure availability of essential commodities at approved rates during the month of Ramazan and those involved in hoarding and profiteering must be taken to task.
Published 04 May, 2019 12:00am
Ramazan 2019: PM for availability of commodities at approved rates

Ramazan 2019: PM for availability of commodities at approved rates

Prime Minister Imran Khan has directed Islamabad administration and provincial governments to ensure availability of essential commodities at approved rates during the month of Ramazan and those involved in hoarding and profiteering must be taken to task.
Published 04 May, 2019 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (May 03, 2019).

Published 04 May, 2019 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 04 May, 2019 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 04 May, 2019 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Pakistan Stock Exchange.

Published 04 May, 2019 12:00am