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Print - 2019-07-24
Refinancing for zigzag technology-based brick kilns allowed

Refinancing for zigzag technology-based brick kilns allowed

The State Bank of Pakistan (SBP) has said that refinancing for establishment of zigzag technology-based brick kilns is allowed under the Refinance Facility for Modernization of Small and Medium Enterprises (SMEs). According to a SBP circular issued Tuesda
Published 24 Jul, 2019 12:00am
Refinancing for zigzag technology-based brick kilns allowed

Refinancing for zigzag technology-based brick kilns allowed

The State Bank of Pakistan (SBP) has said that refinancing for establishment of zigzag technology-based brick kilns is allowed under the Refinance Facility for Modernization of Small and Medium Enterprises (SMEs). According to a SBP circular issued Tuesda
Published 24 Jul, 2019 12:00am
Refinancing for zigzag technology-based brick kilns allowed

Refinancing for zigzag technology-based brick kilns allowed

The State Bank of Pakistan (SBP) has said that refinancing for establishment of zigzag technology-based brick kilns is allowed under the Refinance Facility for Modernization of Small and Medium Enterprises (SMEs). According to a SBP circular issued Tuesda
Published 24 Jul, 2019 12:00am
PPP wins Ghotki by-poll

PPP wins Ghotki by-poll

The Pakistan Peoples Party (PPP) candidate Mohammad Bux Mahar won by-election in NA-205 Ghotki by getting 89,180 votes while Independent candidate Ahmed Ali Mahar taken 72,499 votes, according to unofficial results from all 290 polling stations on Tuesday
Published 24 Jul, 2019 12:00am
PPP wins Ghotki by-poll

PPP wins Ghotki by-poll

The Pakistan Peoples Party (PPP) candidate Mohammad Bux Mahar won by-election in NA-205 Ghotki by getting 89,180 votes while Independent candidate Ahmed Ali Mahar taken 72,499 votes, according to unofficial results from all 290 polling stations on Tuesday
Published 24 Jul, 2019 12:00am
3 martyred, 16 injured in Quetta blast

3 martyred, 16 injured in Quetta blast

At least three people were martyred and 16 others injured in an improvised explosive device (IED) blast on Quetta's Eastern Bypass area on Tuesday evening, police said. Quetta DIG Abdul Razzaq Cheema confirmed the incident and said that unknown miscreants
Published 24 Jul, 2019 12:00am
3 martyred, 16 injured in Quetta blast

3 martyred, 16 injured in Quetta blast

At least three people were martyred and 16 others injured in an improvised explosive device (IED) blast on Quetta's Eastern Bypass area on Tuesday evening, police said. Quetta DIG Abdul Razzaq Cheema confirmed the incident and said that unknown miscreants
Published 24 Jul, 2019 12:00am
Trump's comments: opposition leaders demand Modi make personal statement

Trump's comments: opposition leaders demand Modi make personal statement

Indian Prime Minister Narendra Modi never asked US President Donald Trump to help mediate with Pakistan in their dispute over the Kashmir region, the government said on Tuesday, after Trump's comments set off a storm of criticism. Trump told reporters on
Published 24 Jul, 2019 12:00am
Trump's comments: opposition leaders demand Modi make personal statement

Trump's comments: opposition leaders demand Modi make personal statement

Indian Prime Minister Narendra Modi never asked US President Donald Trump to help mediate with Pakistan in their dispute over the Kashmir region, the government said on Tuesday, after Trump's comments set off a storm of criticism. Trump told reporters on
Published 24 Jul, 2019 12:00am
Benami cases: Adjudicating authority yet to start review

Benami cases: Adjudicating authority yet to start review

The adjudicating authority constituted under Benami Transactions (Prohibition) Act-2017 is yet to start review of the Benami cases framed against political persons or non-political individuals. Sources told Business Recorder that the officials of t
Published 24 Jul, 2019 12:00am
Benami cases: Adjudicating authority yet to start review

Benami cases: Adjudicating authority yet to start review

The adjudicating authority constituted under Benami Transactions (Prohibition) Act-2017 is yet to start review of the Benami cases framed against political persons or non-political individuals. Sources told Business Recorder that the officials of t
Published 24 Jul, 2019 12:00am
20 cities: Values of immovable properties revised upward

20 cities: Values of immovable properties revised upward

The Federal Board of Revenue (FBR) on late Tuesday night upward revised values of immovable properties in 20 cities of the country to bring them in line with actual market rates. In this connection, the FBR has issued new values of immovable properties he
Published 24 Jul, 2019 12:00am
20 cities: Values of immovable properties revised upward

20 cities: Values of immovable properties revised upward

The Federal Board of Revenue (FBR) on late Tuesday night upward revised values of immovable properties in 20 cities of the country to bring them in line with actual market rates. In this connection, the FBR has issued new values of immovable properties he
Published 24 Jul, 2019 12:00am
20 cities: Values of immovable properties revised upward

20 cities: Values of immovable properties revised upward

The Federal Board of Revenue (FBR) on late Tuesday night upward revised values of immovable properties in 20 cities of the country to bring them in line with actual market rates. In this connection, the FBR has issued new values of immovable properties he
Published 24 Jul, 2019 12:00am
20 cities: Values of immovable properties revised upward

20 cities: Values of immovable properties revised upward

The Federal Board of Revenue (FBR) on late Tuesday night upward revised values of immovable properties in 20 cities of the country to bring them in line with actual market rates. In this connection, the FBR has issued new values of immovable properties he
Published 24 Jul, 2019 12:00am
Ghani seeks 'clarification' after Trump war comments

Ghani seeks 'clarification' after Trump war comments

Afghan President Ashraf Ghani said Tuesday the US should clarify remarks President Donald Trump made about Afghanistan, including a claim he could easily win the war but didn't "want to kill 10 million people". Trump had made several controversial stateme
Published 24 Jul, 2019 12:00am
Ghani seeks 'clarification' after Trump war comments

Ghani seeks 'clarification' after Trump war comments

Afghan President Ashraf Ghani said Tuesday the US should clarify remarks President Donald Trump made about Afghanistan, including a claim he could easily win the war but didn't "want to kill 10 million people". Trump had made several controversial stateme
Published 24 Jul, 2019 12:00am
Mutual Funds'''' investment in money market proliferates
Mutual Funds

Mutual Funds'''' investment in money market proliferates

The investment of mutual funds industry in the money market is gradually increasing due to attractive margins followed by higher interest rate. Industry sources said that currently, money market not only offering a lucrative profit to Asset Management Com
Published 24 Jul, 2019 12:00am
Mutual Funds'' investment in money market proliferates
Mutual Funds

Mutual Funds'' investment in money market proliferates

The investment of mutual funds industry in the money market is gradually increasing due to attractive margins followed by higher interest rate. Industry sources said that currently, money market not only offering a lucrative profit to Asset Management Com
Published 24 Jul, 2019 12:00am
Mutual Funds' investment in money market proliferates
Mutual Funds

Mutual Funds' investment in money market proliferates

The investment of mutual funds industry in the money market is gradually increasing due to attractive margins followed by higher interest rate. Industry sources said that currently, money market not only offering a lucrative profit to Asset Management Com
Published 24 Jul, 2019 12:00am
Mutual Funds' investment in money market proliferates
Mutual Funds

Mutual Funds' investment in money market proliferates

The investment of mutual funds industry in the money market is gradually increasing due to attractive margins followed by higher interest rate. Industry sources said that currently, money market not only offering a lucrative profit to Asset Management Com
Published 24 Jul, 2019 12:00am
Russian boxer dies after fight

Russian boxer dies after fight

Russian boxer Maxim Dadashev has died from injuries sustained in a fight in Maryland, the Russian boxing federation announced on Tuesday. "Maxim Dadashev has died in the United States following injuries sustained during his fight with Subriel Matias," the
Published 24 Jul, 2019 12:00am
Ogra clarification

Ogra clarification

This is apropos a news item carried by Business Recorder on July 22, 2019. "Certain statements made by the reporters in relation to Ogra need to be corrected to set the record straight. "A statement has been made that pre-determined and deliberate
Published 24 Jul, 2019 12:00am
Ogra clarification

Ogra clarification

This is apropos a news item carried by Business Recorder on July 22, 2019. "Certain statements made by the reporters in relation to Ogra need to be corrected to set the record straight. "A statement has been made that pre-determined and deliberate
Published 24 Jul, 2019 12:00am
Ogra clarification

Ogra clarification

This is apropos a news item carried by Business Recorder on July 22, 2019. "Certain statements made by the reporters in relation to Ogra need to be corrected to set the record straight. "A statement has been made that pre-determined and deliberate
Published 24 Jul, 2019 12:00am
SHC employees: SC admits plea against allegedly 'out of turn' promotions

SHC employees: SC admits plea against allegedly 'out of turn' promotions

Supreme Court (SC) on Tuesday admitted the plea against allegedly "out of turn" promotions of employees in Sindh High Court (SHC). Petitioner Arbab Imtiaz, former employee of SHC filed an appeal in SC against the verdict of SHC, which dismissed the petiti
Published 24 Jul, 2019 12:00am
Video case: SC says considering different options

Video case: SC says considering different options

The Supreme Court on Tuesday made it clear that they would not interfere in the Judge Arshad video case on the demand of people. "We are considering different options seeing to what extent we have to go or not to interfere? We will not jump into this case
Published 24 Jul, 2019 12:00am
Video case: SC says considering different options

Video case: SC says considering different options

The Supreme Court on Tuesday made it clear that they would not interfere in the Judge Arshad video case on the demand of people. "We are considering different options seeing to what extent we have to go or not to interfere? We will not jump into this case
Published 24 Jul, 2019 12:00am
The Weather

The Weather

The weather report on Tuesday (July 23, 2019) and the forecast for Wednesday (July 24, 2019).

Published 24 Jul, 2019 12:00am
Boris Johnson wins race to become Britain's next PM

Boris Johnson wins race to become Britain's next PM

Boris Johnson won the race to become Britain's next prime minister on Tuesday, heading straight into a confrontation over Brexit with Brussels and parliament, as well as a tense diplomatic standoff with Iran. The former London mayor easily beat his rival,
Published 24 Jul, 2019 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (July 23, 2019).

Published 24 Jul, 2019 12:00am
Boris Johnson wins race to become Britain's next PM

Boris Johnson wins race to become Britain's next PM

Boris Johnson won the race to become Britain's next prime minister on Tuesday, heading straight into a confrontation over Brexit with Brussels and parliament, as well as a tense diplomatic standoff with Iran. The former London mayor easily beat his rival,
Published 24 Jul, 2019 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (July 23, 2019).

Published 24 Jul, 2019 12:00am
2007-08 to 2015-16: ECC allows rebasing of price statistics

2007-08 to 2015-16: ECC allows rebasing of price statistics

The Economic Coordination Committee (ECC) of the Cabinet has allowed Pakistan Bureau of Statistics (PBS) to publish price statistics with new base 2007-08 with old base 2015-16 for comparative purposes, official sources told Business Recorder. Mini
Published 24 Jul, 2019 12:00am
2007-08 to 2015-16: ECC allows rebasing of price statistics

2007-08 to 2015-16: ECC allows rebasing of price statistics

The Economic Coordination Committee (ECC) of the Cabinet has allowed Pakistan Bureau of Statistics (PBS) to publish price statistics with new base 2007-08 with old base 2015-16 for comparative purposes, official sources told Business Recorder. Mini
Published 24 Jul, 2019 12:00am
2007-08 to 2015-16: ECC allows rebasing of price statistics

2007-08 to 2015-16: ECC allows rebasing of price statistics

The Economic Coordination Committee (ECC) of the Cabinet has allowed Pakistan Bureau of Statistics (PBS) to publish price statistics with new base 2007-08 with old base 2015-16 for comparative purposes, official sources told Business Recorder. Mini
Published 24 Jul, 2019 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (July 23, 2019).

Published 24 Jul, 2019 12:00am
Pentagon honours CoAS with honour cordon

Pentagon honours CoAS with honour cordon

US Joint Chiefs of Staff Chairman General Joseph Dunford Jr. welcomed his counterpart, Chief of the Army Staff General Qamar Javed Bajwa, to the Pentagon on Monday with an honour cordon. The visit came shortly after Pakistan's Prime Minister Imran Khan me
Published 24 Jul, 2019 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (July 23, 2019)

Published 24 Jul, 2019 12:00am
Pentagon honours CoAS with honour cordon

Pentagon honours CoAS with honour cordon

US Joint Chiefs of Staff Chairman General Joseph Dunford Jr. welcomed his counterpart, Chief of the Army Staff General Qamar Javed Bajwa, to the Pentagon on Monday with an honour cordon. The visit came shortly after Pakistan's Prime Minister Imran Khan me
Published 24 Jul, 2019 12:00am
ISI led CIA to bin Laden: PM

ISI led CIA to bin Laden: PM

Pakistan's main spy agency provided the US with a lead that helped them find and kill Al-Qaeda leader Osama bin Laden, Prime Minister Imran Khan said Monday. Pakistan has until now officially denied having any knowledge of the terror chief until he was sh
Published 24 Jul, 2019 12:00am
ISI led CIA to bin Laden: PM

ISI led CIA to bin Laden: PM

Pakistan's main spy agency provided the US with a lead that helped them find and kill Al-Qaeda leader Osama bin Laden, Prime Minister Imran Khan said Monday. Pakistan has until now officially denied having any knowledge of the terror chief until he was sh
Published 24 Jul, 2019 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (July 23, 2019).

Published 24 Jul, 2019 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (July 23, 2019).

Published 24 Jul, 2019 12:00am
US asks Pakistan not to expand ties with Iran

US asks Pakistan not to expand ties with Iran

Washington has reportedly cautioned Pakistan on advancing ties with Iran especially trade and economic relations, advising that Islamabad should tap other trade markets including the United States (US) which can offer better opportunities. This message wa
Published 24 Jul, 2019 12:00am
US asks Pakistan not to expand ties with Iran

US asks Pakistan not to expand ties with Iran

Washington has reportedly cautioned Pakistan on advancing ties with Iran especially trade and economic relations, advising that Islamabad should tap other trade markets including the United States (US) which can offer better opportunities. This message wa
Published 24 Jul, 2019 12:00am
THE RUPEE: mixed trend
Currency

THE RUPEE: mixed trend

The rupee managed to resist sharp losses against the dollar on the money market on Tuesday in the process of trading, dealers said. The rupee shed five paisas versus the dollar for buying at Rs 160.55 and it also dropped 10 paisas for selling at Rs 160.65
Published 24 Jul, 2019 12:00am
Li Peng dies

Li Peng dies

Former Chinese premier Li Peng - known as the "Butcher of Beijing" for his role in the Tiananmen Square crackdown - has died at the age of 90, state media said Tuesday. Li died of an unspecified illness in Beijing after he failed to respond to medical tre
Published 24 Jul, 2019 12:00am
THE RUPEE: mixed trend
Currency

THE RUPEE: mixed trend

The rupee managed to resist sharp losses against the dollar on the money market on Tuesday in the process of trading, dealers said. The rupee shed five paisas versus the dollar for buying at Rs 160.55 and it also dropped 10 paisas for selling at Rs 160.65
Published 24 Jul, 2019 12:00am
Li Peng dies

Li Peng dies

Former Chinese premier Li Peng - known as the "Butcher of Beijing" for his role in the Tiananmen Square crackdown - has died at the age of 90, state media said Tuesday. Li died of an unspecified illness in Beijing after he failed to respond to medical tre
Published 24 Jul, 2019 12:00am
External debt, liabilities: Net increase slows down in FY19: Hammad

External debt, liabilities: Net increase slows down in FY19: Hammad

Federal Minister for Economic Affairs, Muhammad Hammad Azhar Tuesday said that net increase in total external debt and liabilities was $10 billion in 2018-19 compared to around $13.3 billion in 2017-18. According to a tweet of Hammad Azhar, net increase i
Published 24 Jul, 2019 12:00am
External debt, liabilities: Net increase slows down in FY19: Hammad

External debt, liabilities: Net increase slows down in FY19: Hammad

Federal Minister for Economic Affairs, Muhammad Hammad Azhar Tuesday said that net increase in total external debt and liabilities was $10 billion in 2018-19 compared to around $13.3 billion in 2017-18. According to a tweet of Hammad Azhar, net increase i
Published 24 Jul, 2019 12:00am
External debt, liabilities: Net increase slows down in FY19: Hammad

External debt, liabilities: Net increase slows down in FY19: Hammad

Federal Minister for Economic Affairs, Muhammad Hammad Azhar Tuesday said that net increase in total external debt and liabilities was $10 billion in 2018-19 compared to around $13.3 billion in 2017-18. According to a tweet of Hammad Azhar, net increase i
Published 24 Jul, 2019 12:00am
KSE-100 Index gains 131.33 points: BRIndex100 inches up
Exchange

KSE-100 Index gains 131.33 points: BRIndex100 inches up

Pakistan Stock Exchange Tuesday witnessed a positive trend on the second consecutive day following fresh buying by local, foreign investors. BRIndex100 inched up by 19.0 points or 0.56 percent to close at 3,428.11 points. BRIndex100 touched intraday high
Published 24 Jul, 2019 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (July 23, 2019).

Published 24 Jul, 2019 12:00am
KSE-100 Index gains 131.33 points: BRIndex100 inches up
Exchange

KSE-100 Index gains 131.33 points: BRIndex100 inches up

Pakistan Stock Exchange Tuesday witnessed a positive trend on the second consecutive day following fresh buying by local, foreign investors. BRIndex100 inched up by 19.0 points or 0.56 percent to close at 3,428.11 points. BRIndex100 touched intraday high
Published 24 Jul, 2019 12:00am
KSE-100 Index gains 131.33 points: BRIndex100 inches up
Exchange

KSE-100 Index gains 131.33 points: BRIndex100 inches up

Pakistan Stock Exchange Tuesday witnessed a positive trend on the second consecutive day following fresh buying by local, foreign investors. BRIndex100 inched up by 19.0 points or 0.56 percent to close at 3,428.11 points. BRIndex100 touched intraday high
Updated 24 Jul, 2019 04:27am
IMF downgrades world growth

IMF downgrades world growth

Global trade tensions, continued uncertainty and rising prospects for a no-deal Brexit are sapping the strength of the world economy, which faces a "precarious" 2020, the International Monetary Fund warned on Tuesday. Trade conflicts are undercutting inve
Published 24 Jul, 2019 12:00am
IMF downgrades world growth

IMF downgrades world growth

Global trade tensions, continued uncertainty and rising prospects for a no-deal Brexit are sapping the strength of the world economy, which faces a "precarious" 2020, the International Monetary Fund warned on Tuesday. Trade conflicts are undercutting inve
Published 24 Jul, 2019 12:00am
IMF downgrades world growth

IMF downgrades world growth

Global trade tensions, continued uncertainty and rising prospects for a no-deal Brexit are sapping the strength of the world economy, which faces a "precarious" 2020, the International Monetary Fund warned on Tuesday. Trade conflicts are undercutting inve
Published 24 Jul, 2019 12:00am
IMF downgrades world growth

IMF downgrades world growth

Global trade tensions, continued uncertainty and rising prospects for a no-deal Brexit are sapping the strength of the world economy, which faces a "precarious" 2020, the International Monetary Fund warned on Tuesday. Trade conflicts are undercutting inve
Published 24 Jul, 2019 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 24 Jul, 2019 12:00am
No-confidence motions: Senate prorogued to meet on August 1 for vote

No-confidence motions: Senate prorogued to meet on August 1 for vote

An unprecedented move came in Pakistan's legislative history when the Senate briefly met on Tuesday to discuss the no-confidence motion against Senate Chairman Sadiq Sanjrani. The session was prorogued to meet again on August 1 to vote on the motion. The
Published 24 Jul, 2019 12:00am
No-confidence motions: Senate prorogued to meet on August 1 for vote

No-confidence motions: Senate prorogued to meet on August 1 for vote

An unprecedented move came in Pakistan's legislative history when the Senate briefly met on Tuesday to discuss the no-confidence motion against Senate Chairman Sadiq Sanjrani. The session was prorogued to meet again on August 1 to vote on the motion. The
Published 24 Jul, 2019 12:00am