News Archives for Print - 2019-09-04

Gold, silver up in European trade

Gold rose more than 1% on Tuesday after weak manufacturing data from the United States reinforced fears of an economic downturn, while uncertainties over US-China trade ties and Brexit further boosted bullion's safe-haven appeal. Meanwhile, silver followe

Published 04 Sep, 2019 12:00am

Exchange

US MIDDAY: wheat sags

Chicago Board of Trade (CBOT) soft red winter wheat futures fell to three-month lows on Tuesday while US hard wheat futures hit their lowest levels in a decade, pressured by ample world supplies and strong export competition, analysts said. Corn futures f

Published 04 Sep, 2019 12:00am

US MIDDAY: gold, silver surge

Gold rose more than 1% on Tuesday after weak manufacturing data from the United States reinforced fears of an economic downturn, while uncertainties over US-China trade ties and Brexit further boosted bullion's safe-haven appeal. Meanwhile, silver followe

Published 04 Sep, 2019 12:00am

Entry of 14 clerics banned in Islamabad

The Islamabad Capital Territory (ICT) administration has banned the entry of 14 clerics belonging to different schools of thought in the city in wake of the Muharram-ul-Haram. The ban was imposed on five Ulema belonging to the Deobandi sect, five ulema be

Published 04 Sep, 2019 12:00am

Exchange

MoI&P seeks Rs 10.898 billion grant to keep fertiliser plants operational: ECC to discuss proposal today

Ministry of Industries and Production (MoI&P) has sought supplementary grant of Rs 10.898 billion to keep Fatimafert and Agritech fertilizer plants operational on RLNG till November 2019, sources close to Secretary Industries told Business Recorder.</i

Published 04 Sep, 2019 12:00am

Exchange
Matco Foods Limited

Matco Foods Limited (PSX: MFL) was incorporated as a private limited company under the repealed Companies Ordinance, 1984 (now Companies Act, 2017), on April 14, 1990. It was converted into a public limited company in July 2017, finally applying for listi
Updated 06 Sep, 2019 06:35am

Mutual Funds
Matco Foods Limited

Matco Foods Limited (PSX: MFL) was incorporated as a private limited company under the repealed Companies Ordinance, 1984 (now Companies Act, 2017), on April 14, 1990. It was converted into a public limited company in July 2017, finally applying for listi
Published 04 Sep, 2019 12:00am

Buzdar inaugurates road project in Hafizabad

Punjab Chief Minister Sardar Usman Buzdar on Tuesday inaugurated a road construction project in Hafizabad which is a part of the 'Naya Pakistan Manzaleen Aasan' programme. "A 1236-km long carpeted road will be constructed in rural areas of the province wi
Published 04 Sep, 2019 12:00am

Exchange
GUARD may export 300 metric tons of hybrid rice to Philippines

Guard Agricultural Research & Services Limited (GUARD) is likely to export 300 metric tons of hybrid rice to Philippines this year. It is the second year in row that the Pakistani company will be exporting hybrid rice seed as last year it in collaboration
Published 04 Sep, 2019 12:00am

Pak-China Business Forum-Industrial Expo attracts crowds

7th Pak-China Business Forum-Industrial Expo being held at the Lahore Expo Centre is attracting a large number of businessmen, industrialists and general public as the foot fall during first two days was recorded at 50,000 people.
Published 04 Sep, 2019 12:00am

FONCE-2019 planned for November 28

In collaboration with Pakistan Society of Food Scientists and Technologists (PSFST), the Department of Food Science and Human Nutrition of the University of Veterinary and Animal Sciences (UVAS) organizing a three-day 'International Food and Nutrition Con
Published 04 Sep, 2019 12:00am

PIAF chief felicitates LCCI executive body members

Pakistan Industrial and Traders Association Front (PIAF) Chairman Mian Nauman Kabir has felicitated all the newly-elected members of the executive committee of the Lahore Chamber of Commerce and Industry (LCCI) and hoped that voters would again demonstrat
Published 04 Sep, 2019 12:00am

Need stresses for promoting applied sciences

Research and universities must promote applied sciences in order to expedite industrial and economic activities in the country and in this connection Government College University Faisalabad (GCUF) intends to set up a dedicated centre to identify and reso
Published 04 Sep, 2019 12:00am

Taiwan's trade team visits LCCI

A 22-member delegation of the Taiwan External Trade Development Council (TAITRA) on Tuesday visited the Lahore Chamber of Commerce and Industry and expressed its interest in enhancing investment in Pakistan.
Published 04 Sep, 2019 12:00am

Textile industry ready to adopt renewable sources of energy: Adil

The All Pakistan Textile Mills Association (APTMA) Punjab Chairman Adil Bashir has said that the textile industry is ready for adopting renewable (solar hybrid) energy solutions to deal with sustainability and competitiveness issues.
Published 04 Sep, 2019 12:00am

UAF agriculture exhibition opens at Expo Centre

The University of Agriculture Faisalabad on Tuesday opened agricultural exhibition at expo centre in which more than 140 university-made technologies were put on display. The expo centre was inaugurated by UAF Vice Chancellor Dr Muhammad Ashraf who was fl
Published 04 Sep, 2019 12:00am

Partly Facetious : Similarities between IK & Trump

"The Khan is acquiring characteristics common to Trump."
Published 04 Sep, 2019 12:00am

National conference on 'Kashmir crisis' held in Islamabad

Centre for Peace, Security and Developmental Studies (CPSD) organized a National Conference on "Kashmir Crisis: Emerging Scenarios" in Islamabad. President Azad Jammu & Kashmir (AJK) Sardar Masood Khan and State Minister for States and Frontier Regions Sh
Published 04 Sep, 2019 12:00am

Exchange
'Political instability hitting exports, investments'

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said that political instability is hitting exports, local and foreign investments which is not in the national interest. He said that unprecedented loans have enabled th
Published 04 Sep, 2019 12:00am

Imported and locally produced goods: FBR teams carry out survey of sale

Model Customs Collectorate (Preventive) Lahore on the directions of the Federal Board of Revenue (FBR) Chairman Shabbar Raza Zaidi visited two famous malls of the provincial metropolis to carry out survey of sale of imported and locally produced goods to
Updated 04 Sep, 2019 09:11am

Siraj urges government to abolish Simla accord

Emir Jamaat-e-Islami Siraj-ul-Haq has once again urged the government for abolition of Simla Agreement with India and removal of fence at the Line of Control (LOC) along Occupied Kashmir. He said this while talking to media persons after holding a meeting
Published 04 Sep, 2019 12:00am

Verified Rs 22 billion ST refund to be issued

The Federal Board of Revenue (FBR) has stated that in order to provide liquidity support to the business and to promote economic activities in the country, Government of Pakistan has decided to issue verified Sales Tax refund of Rs 22 billion for all the
Updated 04 Sep, 2019 08:25am

Students Orientation programme held at SZABIST

SZABIST's Student Orientation Programme was held on 28th & 29th August, 2019. The program was organized by SZABIST and facilitated and supported by Faculty/Staff members and SZABIST Student Council (SSC) c/o Department of Student Affairs Advisory. This ye
Published 04 Sep, 2019 12:00am

Thousands march to Indian High Commission in London

Thousands of protesters have taken out a rally in London to express solidarity with the people of Indian-occupied Kashmir, as a crippling lockdown imposed by the Indian government in the occupied region since revoking its special status entered its 30th d
Published 04 Sep, 2019 12:00am

Controversial video scandal: Court awards five-day remand to three accused

A local court on Tuesday remanded three suspects into Federal Investigation Agency (FIA) custody for five days for their alleged involvement in making a controversial video of former Accountability Court Judge Muhammad Arshad Malik.
Published 04 Sep, 2019 12:00am

Companies vow to promote and implement SDGs

SDG Clinic for SDG Champion Companies vow to collaborate for an integrated effort to promote and implement SDGs through strategic alliances. This commitment was made by SDG Champion companies during the first ever SDG Clinic organized by Global Compact Ne
Published 04 Sep, 2019 12:00am

Libor
Licence renewal fee: Government receives $224.6 millions from two cellular companies, separately

The government of Pakistan has received $224.6 million (Rs 35.262 billion), separately from two cellular companies as their license renewal fee.
Published 04 Sep, 2019 12:00am

Torkham border opens for 24/7 on trial basis

The round the clock operations at Torkham border was started on trial basis by following the directives of Prime Minister Imran Khan in order to give boost to trade activities between Pakistan and Afghanistan. It was pertinent to mention here that Prime M
Published 04 Sep, 2019 12:00am

Pakistan, India to hold talks on Kartarpur Corridor today

Pakistan and India will hold the third round of talks on Kartarpur Sahib Corridor today (Wednesday) despite deterioration in the bilateral ties in the wake of Modi government's illegal annexation of Kashmir. The meeting is scheduled to take place on the I
Published 04 Sep, 2019 12:00am

ABG chief meets Alvi

A delegation of Al Baraka Banking Group (ABG), led by its President & Chief Executive, Adnan Ahmed Yousif, recently called on the President of Pakistan, Dr Arif Alvi. Accompanying the delegation were the Deputy Chairman of Al Baraka Bank Pakistan, Tareq M
Published 04 Sep, 2019 12:00am

TAPI gas project: Turkmenistan, Pakistan agree to end financial closure in early 2020

Turkmenistan and Pakistan have agreed to conclude the financial closure of Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project in early 2020, an official of Petroleum Division told Business Recorder. He referred to a recent meeting
Published 04 Sep, 2019 12:00am

KP CM's mother passes away

The mother of Chief Minister Khyber Pakhtunkhwa Mahmood Khan has been passed away after protracted illness. He funeral prayers were offered at Matta, district Swat. A large number of people including members of National and provincial assemblies, governme
Published 04 Sep, 2019 12:00am

Body formed to probe issue of Sikh girl's marriage

Punjab Chief Minister Sardar Usman Buzdar has constituted a committee under the chairmanship of Provincial Law Minister Raja Basharat, to probe the matter of marriage of a girl belonging to Sikh community in Nankana Sahib. Other members of the committee i
Published 04 Sep, 2019 12:00am

Exchange
Saudi Customs, FBR to exchange real-time information

Saudi Customs Authority and the Federal Board of Revenue (FBR) Tuesday unanimously agreed on exchange of information on real-time basis regarding value of goods originating from both countries and addressing a wide range of problems originating from curre
Updated 04 Sep, 2019 09:33am

Murad urges Ulema to promote Brotherhood and peace

Sindh Chief Minister Syed Murad Ali Shah has urged Ulema of different schools of thought and sects to preach interfaith and harmony and unity in the country particularly during the month of Muharram which teaches us the lesson of sacrifice for the great c
Published 04 Sep, 2019 12:00am

Cotton
Farmers advised to drain out deluge from cotton fields

The Met Office has warned the farmers of accumulated rainwater could be fatal to their standing crops, asking them to drain out the deluge, especially from cotton fields for a better output.
Published 04 Sep, 2019 12:00am

HabibMetro Bank posts Rs 5.7 billion PBT in 1H of 2019

HabibMetro Bank posted a profit-before-tax of Rs 5.7 billion for the half year ended June 30th, 2019, with a healthy growth of 20 percent year-on-year.
Published 04 Sep, 2019 12:00am

Sales of OMCs decline by four percent on YoY basis

The sales of oil marketing companies have declined by 4 percent on year-on-year basis to 1.29 million tons during August 2019.On month-on-month basis, the OMC sales dropped by 20 percent as compared to previous month. The decline was witnessed across the
Published 04 Sep, 2019 12:00am

Public sector hospitals urged to improve performance

Giving 15 days deadline to the medical superintendents (MSs) of all teaching hospitals for improving their performance, the provincial minister for Health Dr Yasmin Rashid said that after 15 days those showing poor performance would be changed.
Published 04 Sep, 2019 12:00am

Exchange
JSGCL Pakistan investment moot begins today in US

JS Global Capital Limited (JSGCL), Pakistan's leading equity brokerage and investment banking firm is organizing an investment conference titled 'Pakistan Investment Conference 2019 (PIC-2019)'. This consultation will be held in the United States from the
Published 04 Sep, 2019 12:00am

Exchange
JSGCL Pakistan investment moot begins today in US

JS Global Capital Limited (JSGCL), Pakistan's leading equity brokerage and investment banking firm is organizing an investment conference titled 'Pakistan Investment Conference 2019 (PIC-2019)'. This consultation will be held in the United States from the
Updated 16 Dec, 2019 08:05am

Kinnow exports rate likely to be revised

Secretary General (Federal) of Businessmen Panel (BMP) and former Chairman of FPCCI Standing Committee on Horticulture Exports, Ahmad Jawad has said that efforts are under way to normalize the situation for kinnow exports, as majority of kinnow exporters
Published 04 Sep, 2019 12:00am

Microsoft Pakistan official for investing in advance tech

Abid Zaidi Country Manager, Microsoft Pakistan has said that now more than ever, academic and government leaders need to open their eyes to the need for learning, embracing and investing in advanced technologies, particularly the unprecedented opportuniti
Published 04 Sep, 2019 12:00am

TMA and PBEA say escrow account to resolve refund issue

Textile exporters Tuesday termed escrow account as the only solution to timely payment of exporters' GST refunds. Addressing a joint press conference, Pakistan Bedwear Exporters Association (PBEA) Chairman Shabbir Ahmad and Towel Manufacturers Association
Published 04 Sep, 2019 12:00am

DG ISPR's press conference today

Director General Inter-Services Public Relations (ISPR) will hold a press conference today at 3 pm. As per details, the DG ISPR will interact with reporters in a wide-ranging press conference at 3 pm. The press conference comes when Pakistan and India fac
Published 04 Sep, 2019 12:00am

SCB announces launch of its Goal Programme

Standard Chartered Bank announced Tuesday the launch of its Goal Programme in Islamabad in collaboration with a non-profit business partner, Right To Play. Together, both the entities will implement sports and life skills training to empower and equip you
Published 04 Sep, 2019 12:00am

750,000 apply for 3,200 vacant posts in Pesco: CE

The Chief Executive Peshawar Electric Supply Company (Pesco) Dr Muhammad Amjad on Tuesday stunned the Senate Standing Committee on Power by revealing that 0.750 million jobless people from Khyber Pakhtunkhwa (KP) have applied against 3200 vacancies in the
Published 04 Sep, 2019 12:00am

CDWP approves seven projects worth Rs 10 billion

Central Development Working Party (CDWP) has approved as many as seven development projects at the cost of Rs 10 billion and recommended six projects valued at Rs 132.5 billion to the Executive Committee of National Economic Council (ECNEC) for considerat
Published 04 Sep, 2019 12:00am

Court seeks report on facilities to Zardari

The Accountability Court hearing the multibillion rupees fake bank accounts case on Tuesday ordered jail authorities to inform it about facilities provided to former president Asif Ali Zardari as well as a letter written to home secretary Punjab for provi
Published 04 Sep, 2019 12:00am

Muharram-ul-Haram: Army troops put on standby in Capital

The government put the army troops on standby under the Article 245 of the Constitution to act in aid of the civil law enforcement agencies to secure the federal capital during Muharram-ul-Haram.
Published 04 Sep, 2019 12:00am

Second hi-tech 'Corvette' vessel inducted into Pakistan Navy

Launching ceremony of the second state of the art 2300 tons Corvette vessel built for Pakistan Navy was held in Romania. Chief of Staff (Personnel) Vice Admiral Athar Mukhtar was the chief guest on the occasion.
Published 04 Sep, 2019 12:00am

Razak cancels Afghanistan's visit

Prime Minister's Adviser on Commerce, Textile, Industries and Production and Investment, Abdul Razak Dawood on Tuesday cancelled his visit to Afghanistan due to violent incidence in Kabul which took the lives of over a dozen people, well-informed sources
Published 04 Sep, 2019 12:00am

Situation in IOK: Qureshi continues diplomatic outreach

Foreign Minister Shah Mehmood Qureshi continued diplomatic outreach by contacting his counterparts from Turkey, Iran and Bangladesh over the telephone on Tuesday to brief them on current situation in Indian Occupied Jammu and Kashmir.
Published 04 Sep, 2019 12:00am

Speaker says present NA most politically-polarized legislature

Speaker National Assembly Asad Qaiser has said that present National Assembly is most politically-polarized assembly in the history of Pakistan. He expressed these views while chatting with senior parliamentary reporters of various newspapers and news age
Published 04 Sep, 2019 12:00am

Consular access

What else could Pakistan have done? But India is so ungrateful. According to New Delhi, Kulbhushan Jadhav was under "extreme pressure" and unable to speak freely during the meeting. The consular visit had come weeks after the International Court of Justic
Published 04 Sep, 2019 12:00am

IOK trims its big fat weddings after Indian lockdown

After a year-long countdown, Arshi Nisar's wedding plans are in tatters, with the occupied Kashmiri bride-to-be fearing for her guests' safety as an Indian security and communications clampdown on the Himalayan valley leaves residents on edge.
Published 04 Sep, 2019 12:00am

Exchange
IPPs: Investor's perspective

Pakistan, a semi-industrialized economy, has relied primarily on agriculture for the most part of its existence. Despite a history of expropriation through nationalization, political strife, chokehold of bureaucracy and many other loose ends, foreign inve
Published 04 Sep, 2019 12:00am

Addressing water scarcity

According to the OECD estimates, more than 40% of the world's population lives in water-stressed areas, and water demand is expected to rise 55% over the next 30 years. By 2050, 240 million people will lack access to clean water, and 1.4 billion will be w
Published 04 Sep, 2019 12:00am

The 'stateless'

Until the RSS-BJP catapulted Narendra Modi into the political scene in India, the Hindutva was merely a daydream largely nurtured by proponents of mythical Mahabharata. But now that he is there that dream seems to be turning into reality. In less than a m
Updated 04 Sep, 2019 06:03am

Exchange
Policies must recognise ground realities

Prime Minister Imran Khan has become visibly more actively engaged in the economic policies of his newly installed economic team and has begun to regularly seek clarifications/explanations of the likely impact of their policy decisions taken under the roa
Updated 04 Sep, 2019 06:03am

Kabul blast toll rises as US tries to finalise Taliban deal

A massive blast in a residential part of Kabul killed at least 16 people, officials said Tuesday, following yet another Taliban attack that came as the insurgents and Washington try to finalise a withdrawal deal. US special envoy Zalmay Khalilzad was in t
Published 04 Sep, 2019 12:00am

Promulgation of amended GIDC ordinance draws ire of opposition

The promulgation of the Gas Infrastructure Development Cess (Amendment) Ordinance 2019 by President Arif Alvi drew the ire of the opposition parties in the Senate on Tuesday who accused the President of violating the Constitution and staged a walkout agai
Published 04 Sep, 2019 12:00am

Re-opening mechanism: Floating rate PIBs may also be auctioned: SBP

The government of Pakistan has decided that Floating Rate Pakistan Investment Bonds (PIBs) may also be auctioned as re-opening of previously issued Floating Rate PIBs. According to a circular issued by State Bank of Pakistan (SBP) on Tuesday, as per the r
Published 04 Sep, 2019 12:00am

CoAS pays rich tribute to people of Sindh

Army Chief General Qamar Javed Bajwa on Tuesday said future of Pakistan is in the hands of youth and change can only be brought about by them. He said this during his interaction with representatives of youth from all across Sindh at ISPR. While paying a
Published 04 Sep, 2019 12:00am

Senator Faraz hints at scrapping AGN Kazi formula

Billions of rupees of net hydel profit (NHP) collected from consumers and payable to the provinces is being paid to expensive independent power producers (IPPs) for subsidy and tariff adjustment in violation of decisions of the Council of Common Interests
Published 04 Sep, 2019 12:00am

Senator Faraz backs AGN Kazi formula

Billions of rupees of net hydel profit (NHP) collected from consumers and payable to the provinces is being paid to expensive independent power producers (IPPs) for subsidy and tariff adjustment in violation of decisions of the Council of Common Interests
Updated 05 Sep, 2019 05:55pm

14 passengers killed by Mali road mine

Fourteen bus passengers were killed Tuesday by a road mine in central Mali, the bus company said, in an attack bearing the hallmarks of jihadists who plague the region.
Published 04 Sep, 2019 12:00am

Exchange
Government borrowed Rs 3.44 trillion to finance budget deficit in FY2018-19: MoF

The government has borrowed only Rs 3.44 trillion to finance its budget deficit during FY 2018-19 while the figure of Rs 11 trillion being reported in a section of the media as increase in Total Debt and Liabilities requires certain clarifications, says a
Published 04 Sep, 2019 12:00am

Exchange
Debt market: Non-resident firms to be given massive tax incentives

The government is all set to extend massive tax incentives to non-resident companies investing in local debt market but with no permanent establishment in Pakistan, sources close to Finance Advisor told Business Recorder.
Published 04 Sep, 2019 12:00am

Exchange
IOK situation: Saudi, UAE FMs due today

Saudi Minister of State for Foreign Affairs Adel bin Ahmed Al-Jubeir and Foreign Minister for United Arab Emirates (UAE) Sheikh Abdullah bin Zayed bin Sultan Al Nahyan will arrive here today (Wednesday) to hold talks with civil and military leadership ami
Updated 04 Sep, 2019 09:37am

Exchange
IOK situation: Saudi, UAE FMs due today

Saudi Minister of State for Foreign Affairs Adel bin Ahmed Al-Jubeir and Foreign Minister for United Arab Emirates (UAE) Sheikh Abdullah bin Zayed bin Sultan Al Nahyan will arrive here today (Wednesday) to hold talks with civil and military leadership ami
Updated 04 Sep, 2019 08:01am

Hindutva ideology termed major challenge

Foreign Minister Shah Mehmood Qureshi Tuesday said that taking on the Hindutva ideology in today's India as well as adding greater momentum to efforts to support Kashmiri people's right to self-determination is the greatest challenge before Pakistan's for
Published 04 Sep, 2019 12:00am

Hindutva ideology termed major challenge

Foreign Minister Shah Mehmood Qureshi Tuesday said that taking on the Hindutva ideology in today's India as well as adding greater momentum to efforts to support Kashmiri people's right to self-determination is the greatest challenge before Pakistan's for
Updated 04 Sep, 2019 07:54am

Repatriation of profit exceeds FDI: $138.2 million sent abroad by foreign companies in July

Repatriation of profit and dividend by foreign companies operating in Pakistan is higher than Foreign Direct Investment (FDI) arrived in the first month of this fiscal year (FY20). According to State Bank of Pakistan's (SBP) statistics, foreign investors
Published 04 Sep, 2019 12:00am

IT concessions to continue after withdrawal of ST zero-rating facility

Federal Board of Revenue (FBR) Tuesday announced that the reduced tax rate under section 148 of the Income Tax Ordinance 2001 available to the manufactures and commercial importers would continue to eligible persons despite withdrawal of zero-rating facil
Published 04 Sep, 2019 12:00am

Exchange
External pressures continue to weigh on forex reserve adequacy: Moody''s

External pressures continue to weigh on the country''s foreign-exchange reserve adequacy, while political and government liquidity risks remain elevated in Pakistan, says Moody''s Investors Service (Moody''s). Moody''s in its latest announcement of period
Published 04 Sep, 2019 12:00am

Exchange
External pressures continue to weigh on forex reserve adequacy: Moody's

External pressures continue to weigh on the country's foreign-exchange reserve adequacy, while political and government liquidity risks remain elevated in Pakistan, says Moody's Investors Service (Moody's). Moody's in its latest announcement of periodic r
Published 04 Sep, 2019 12:00am

PM takes stock of economic slowdown

Prime Minister Imran Khan has asked the industrialists and business men to give proposals to the government to bring about improvement in the economy. A group of industrialists and businessmen called on the Prime Minister on Tuesday which, the officials s
Published 04 Sep, 2019 12:00am

FBR arm issues 250,000 notices to power, gas consumers

Broadening of Tax Base (BTB) unit, Karachi of the Federal Board of Revenue (FBR) has issued notices to 250,000 power and gas consumers in the city. Talking to Business Recorder, Badruddin Qureshi chief commissioner, Regional Tax Office (RTO)-II, Karachi a
Published 04 Sep, 2019 12:00am

FBR arm issues 250,000 notices to power, gas consumers

Broadening of Tax Base (BTB) unit, Karachi of the Federal Board of Revenue (FBR) has issued notices to 250,000 power and gas consumers in the city. Talking to Business Recorder, Badruddin Qureshi chief commissioner, Regional Tax Office (RTO)-II, Karachi a
Updated 04 Sep, 2019 08:57am

Exchange
PSX succumbs to selling pressure: BRIndex100 turns volatile

Pakistan Stock Exchange Tuesday ended on a negative note due to selling in various sectors. BRIndex100 decreased by 31.97 points or 1.02 percent to close at 3,094.45 points. BRIndex-100 touched intraday high of 3,151.61 and intraday low of 3,086.63 points
Published 04 Sep, 2019 12:00am

Exchange
PSX succumbs to selling pressure: BRIndex100 turns volatile

Pakistan Stock Exchange Tuesday ended on a negative note due to selling in various sectors. BRIndex100 decreased by 31.97 points or 1.02 percent to close at 3,094.45 points. BRIndex-100 touched intraday high of 3,151.61 and intraday low of 3,086.63 points
Updated 04 Sep, 2019 04:46am

Johnson loses majority ahead of Brexit parliament showdown

Prime Minister Boris Johnson on Tuesday lost his working majority in parliament with the dramatic defection of a party member ahead of a showdown with MPs over Brexit that could lead to an early general election. In a heated parliamentary session, Johnson
Published 04 Sep, 2019 12:00am

Kerb
Pakistan Economic Indicators

Pakistan Economic Indicators - Tuesday (September 03, 2019).

Updated 04 Sep, 2019 05:13am

Johnson loses majority ahead of Brexit parliament showdown

Prime Minister Boris Johnson on Tuesday lost his working majority in parliament with the dramatic defection of a party member ahead of a showdown with MPs over Brexit that could lead to an early general election. In a heated parliamentary session, Johnson
Published 04 Sep, 2019 12:00am

The Weather

The weather report on Tuesday (September 03, 2019) and the forecast for Wednesday (September 04, 2019).

Updated 04 Sep, 2019 05:28am

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	158.33
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
India Sensex / Apr 26	73730.16
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Hang Seng / Apr 26	17651.15
FTSE 100 / Apr 26	8139.83
Dow Jones / Apr 26	38239.66
Germany DAX 30 / Apr 26	18161.01

Item	Value
Crude Oil USD/Barrel / Apr 26	83.85
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 26	210048
Gold Spot USD/Ounce / Apr 26	2337.96
Cotton US¢/pound / Apr 26	80.90
Petrol/Litre / Apr 28	293.94

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 28 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 28 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 28 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 28 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 28 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 28 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 28 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 28 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 28 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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