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Print - 2019-09-13
FBR's revised edition of 'Maloomat'

FBR's revised edition of 'Maloomat'

Chairman Federal Board of Revenue (FBR) Shabbar Zaidi Thursday said that revised edition of the FBR IRIS portal 'Maloomat' will be available from September 15, 2019. According to a tweet of Shabbar Zaidi here on Thursday, FBR IRIS portal 'Maloomat' is bei
Updated 13 Sep, 2019 10:42am
Disqualification: IHC issues notices to Fawad, ECP

Disqualification: IHC issues notices to Fawad, ECP

The Islamabad High Court (IHC) Thursday issued notices to Federal Minister for Science and Technology Fawad Chaudhry in a petition seeking his disqualification. A single bench of IHC comprising Chief Justice Athar Minallah heard the petition and issued no
Published 13 Sep, 2019 12:00am
MoU signed for zoo's uplift plan

MoU signed for zoo's uplift plan

Karachi Metropolitan Corporation (KMC) and a social organization 'Join Hands' on Thursday signed a Memorandum of Understanding (MoU) to develop Karachi Zoo a 'world class' recreational facility for the visitors. The document was signed by the Mayor Karach
Published 13 Sep, 2019 12:00am
PAC body informed: NESPAK's annual income gradually declining

PAC body informed: NESPAK's annual income gradually declining

The annual income of National Engineering Services Pakistan (NESPAK) as a result of company's business closure in Afghanistan and falling crude oil prices in the United Arab Emirates (UAE) is gradually declining. This was stated by Managing Director (MD)
Published 13 Sep, 2019 12:00am
'Our revolving door of existential threats'

'Our revolving door of existential threats'

Business Recorder op-ed writer Shabir Ahmed's is the right diagnosis of our state of affairs. In his latest contribution for the newspaper "Our revolving door of existential threats" he fully explains our profoundly flawed approach to different kin
Updated 13 Sep, 2019 10:36am
Karachi: All hands on deck

Karachi: All hands on deck

Karachi's civic infrastructure, suffering from years of neglect, has been badly damaged by the recent monsoon rains. Urban planning experts underscore the need for greater coordination among all civic agencies to deal with inclement weather such as rain.
Updated 13 Sep, 2019 07:57am
Reforming SOEs in Pakistan
Exchange

Reforming SOEs in Pakistan

The state-owned enterprises (SOEs) are defined in Pakistan under the (Corporate Governance) Public Sectors Companies' Rules (PSC Rules, 2013) as those companies where government exercises either direct or indirect beneficiary control or ownership, whereby
Updated 13 Sep, 2019 07:54am
Human rights in Kashmir

Human rights in Kashmir

While the issue of the repeal of Article 370 and 35A of the Indian Constitution vis-à-vis Indian Held Kashmir (IHK) is still hot and has led to an unprecedented over a month-long curfew and lockdown in the state, the aspect of human rights in IHK has now
Updated 14 Sep, 2019 09:52am
Investor confidence

Investor confidence

Prime Minister Imran Khan is reportedly going to stop over in Saudi Arabia en route to address the United Nations General Assembly with the objective of discussing the status of the pledged 20 billion dollar Saudi investment into Pakistan - a pledge made
Updated 13 Sep, 2019 06:35am
Saudi king condemns Netanyahu pledge in call with Abbas

Saudi king condemns Netanyahu pledge in call with Abbas

King Salman reiterated Saudi Arabia's condemnation of the Israeli prime minister's pre-election pledge to annex part of the West Bank, in a phone call Thursday with Palestinian president Mahmud Abbas. Battling to win re-election in September 17 polls, Net
Published 13 Sep, 2019 12:00am
Saudi king condemns Netanyahu pledge in call with Abbas

Saudi king condemns Netanyahu pledge in call with Abbas

King Salman reiterated Saudi Arabia's condemnation of the Israeli prime minister's pre-election pledge to annex part of the West Bank, in a phone call Thursday with Palestinian president Mahmud Abbas. Battling to win re-election in September 17 polls, Net
Published 13 Sep, 2019 12:00am
Google agrees 945-m-euro tax settlement with France

Google agrees 945-m-euro tax settlement with France

US internet giant Google has agreed a settlement totalling 945 million euros ($1.0 billion) to end a tax dispute in France under an agreement announced in court on Thursday. The company will pay a 500-million-euro fine for tax evasion, as well as a furthe
Published 13 Sep, 2019 12:00am
Google agrees 945-m-euro tax settlement with France

Google agrees 945-m-euro tax settlement with France

US internet giant Google has agreed a settlement totalling 945 million euros ($1.0 billion) to end a tax dispute in France under an agreement announced in court on Thursday. The company will pay a 500-million-euro fine for tax evasion, as well as a furthe
Published 13 Sep, 2019 12:00am
No plan to impose governor's rule, emergency in Sindh: Firdous

No plan to impose governor's rule, emergency in Sindh: Firdous

Special Assistant to Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan Thursday said the federal government has no plan of imposition of 'Governor Rule' or 'Emergency' in Sindh. Talking to media outside the Parliament House, she said th
Published 13 Sep, 2019 12:00am
No plan to impose governor's rule, emergency in Sindh: Firdous

No plan to impose governor's rule, emergency in Sindh: Firdous

Special Assistant to Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan Thursday said the federal government has no plan of imposition of 'Governor Rule' or 'Emergency' in Sindh. Talking to media outside the Parliament House, she said th
Published 13 Sep, 2019 12:00am
JUH supports abrogation of Article 370

JUH supports abrogation of Article 370

The Jamiat Ulema-i-Hind (JUH) yesterday ratified, through a resolution, Indian government's decision to abrogate Article 370, according to Indian media reports. The resolution was adopted in the annual meeting of the organisation in Delhi.
Published 13 Sep, 2019 12:00am
JUH supports abrogation of Article 370

JUH supports abrogation of Article 370

The Jamiat Ulema-i-Hind (JUH) yesterday ratified, through a resolution, Indian government's decision to abrogate Article 370, according to Indian media reports. The resolution was adopted in the annual meeting of the organisation in Delhi.
Published 13 Sep, 2019 12:00am
Hate speech inquiry: Altaf Hussain's bail extended again

Hate speech inquiry: Altaf Hussain's bail extended again

Muttahida Qaumi Movement (MQM) founder Altaf Hussain's bail was extended for the second time on Thursday in the hate speech investigation against him. The MQM founder was called again for questioning in relation to the incitement speech of August 2016 fro
Published 13 Sep, 2019 12:00am
Hate speech inquiry: Altaf Hussain's bail extended again

Hate speech inquiry: Altaf Hussain's bail extended again

Muttahida Qaumi Movement (MQM) founder Altaf Hussain's bail was extended for the second time on Thursday in the hate speech investigation against him. The MQM founder was called again for questioning in relation to the incitement speech of August 2016 fro
Published 13 Sep, 2019 12:00am
MPS on 16th: Policy rate may stay unchanged

MPS on 16th: Policy rate may stay unchanged

The State Bank of Pakistan (SBP) will announce monetary policy for next two months on Monday. According to an announcement by the SBP, the Monetary Policy Committee of the SBP will meet on Monday, September 16, 2019 at SBP Karachi to decide about Monetary
Published 13 Sep, 2019 12:00am
MPS on 16th: Policy rate may stay unchanged

MPS on 16th: Policy rate may stay unchanged

The State Bank of Pakistan (SBP) will announce monetary policy for next two months on Monday. According to an announcement by the SBP, the Monetary Policy Committee of the SBP will meet on Monday, September 16, 2019 at SBP Karachi to decide about Monetary
Published 13 Sep, 2019 12:00am
Israel scanned cellphones near White House: report

Israel scanned cellphones near White House: report

Israel set up scanners to intercept cellphone communications in the area around the White House in Washington, according to a report Thursday which was denied by the Jewish state. Politico reported that US officials believe Israelis were most likely the o
Published 13 Sep, 2019 12:00am
Israel scanned cellphones near White House: report

Israel scanned cellphones near White House: report

Israel set up scanners to intercept cellphone communications in the area around the White House in Washington, according to a report Thursday which was denied by the Jewish state. Politico reported that US officials believe Israelis were most likely the o
Published 13 Sep, 2019 12:00am
COAS pledges capacity building of Saudi land forces
Exchange

COAS pledges capacity building of Saudi land forces

Military Advisor to His Royal Highness Minister of Defence, Kingdom of Saudi Arabia, Major General Talal Abdullah Al-Otaibi has called on General Qamar Javed Bajwa, Chief of Army Staff at GHQ on Thursday. During the meeting, matters of mutual interest, re
Published 13 Sep, 2019 12:00am
COAS pledges capacity building of Saudi land forces
Exchange

COAS pledges capacity building of Saudi land forces

Military Advisor to His Royal Highness Minister of Defence, Kingdom of Saudi Arabia, Major General Talal Abdullah Al-Otaibi has called on General Qamar Javed Bajwa, Chief of Army Staff at GHQ on Thursday. During the meeting, matters of mutual interest, re
Published 13 Sep, 2019 12:00am
US support will be key to overcoming FATF challenge
Exchange

US support will be key to overcoming FATF challenge

Pakistan requires at least three votes to block any proposal by the 37-member Financial Action Task Force (FATF) to put it on the blacklist and a consensus to remove it from the grey to white list, according to sources in the Finance Ministry. "We are opt
Published 13 Sep, 2019 12:00am
US support will be key to overcoming FATF challenge
Exchange

US support will be key to overcoming FATF challenge

Pakistan requires at least three votes to block any proposal by the 37-member Financial Action Task Force (FATF) to put it on the blacklist and a consensus to remove it from the grey to white list, according to sources in the Finance Ministry. "We are opt
Published 13 Sep, 2019 12:00am
Ban on export of wheat, flour imposed

Ban on export of wheat, flour imposed

The federal government has imposed a ban on export of wheat and wheat flour with immediate effect to control its price in domestic market. On September 11, 2019, Commerce Division issued amendment under the heading (wheat and wheat flour) of Export Policy
Published 13 Sep, 2019 12:00am
Ban on export of wheat, flour imposed

Ban on export of wheat, flour imposed

The federal government has imposed a ban on export of wheat and wheat flour with immediate effect to control its price in domestic market. On September 11, 2019, Commerce Division issued amendment under the heading (wheat and wheat flour) of Export Policy
Published 13 Sep, 2019 12:00am
The Weather

The Weather

The weather report on Thursday (September 12, 2019) and the forecast for Friday (September 13, 2019).

Updated 13 Sep, 2019 05:46am
PM declares construction sector as industry

PM declares construction sector as industry

Prime Minister Imran Khan on Thursday declared the construction sector as an industry by giving an in-principle approval. The approval was given at a meeting attended by Special Assistant to PM on Information and Broadcasting Dr Firdous Ashiq Awan, Chairm
Published 13 Sep, 2019 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (September 12, 2019).

Updated 13 Sep, 2019 06:02am
PM declares construction sector as industry

PM declares construction sector as industry

Prime Minister Imran Khan on Thursday declared the construction sector as an industry by giving an in-principle approval. The approval was given at a meeting attended by Special Assistant to PM on Information and Broadcasting Dr Firdous Ashiq Awan, Chairm
Published 13 Sep, 2019 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (September 12, 2019).

Updated 13 Sep, 2019 06:49am
Aamir Mumtaz to be new chairman of PSM BoD

Aamir Mumtaz to be new chairman of PSM BoD

Pakistan Steel Mills (PSM) Board of Directors (BoD) is all set to elect its new Chairman Aamir Mumtaz, an American Pakistani on September 14, 2019 (tomorrow). On September 5, 2019, Ministry of Industries and Production issued a notification of his appoint
Published 13 Sep, 2019 12:00am
Aamir Mumtaz to be new chairman of PSM BoD

Aamir Mumtaz to be new chairman of PSM BoD

Pakistan Steel Mills (PSM) Board of Directors (BoD) is all set to elect its new Chairman Aamir Mumtaz, an American Pakistani on September 14, 2019 (tomorrow). On September 5, 2019, Ministry of Industries and Production issued a notification of his appoint
Published 13 Sep, 2019 12:00am
SOE losses raise tough questions

SOE losses raise tough questions

Adviser to the Prime Minister on Finance and Revenue, Dr Abdul Hafeez Shaikh Thursday underscored efforts to contain losses in a number of State-Owned Enterprises (SOEs) through better governance and active supervision. He made this observation while chai
Published 13 Sep, 2019 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (September 12, 2019).

Updated 13 Sep, 2019 06:52am
SOE losses raise tough questions

SOE losses raise tough questions

Adviser to the Prime Minister on Finance and Revenue, Dr Abdul Hafeez Shaikh Thursday underscored efforts to contain losses in a number of State-Owned Enterprises (SOEs) through better governance and active supervision. He made this observation while chai
Published 13 Sep, 2019 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (September 12, 2019)

Published 13 Sep, 2019 12:00am
KSE-100 Index keeps rising: BRIndex100 extends rally
Mutual Funds

KSE-100 Index keeps rising: BRIndex100 extends rally

A bullish trend continued on the Pakistan Stock Exchange Thursday. The KSE-100 Index closed on a strong positive note with healthy gains on the back of fresh buying in almost all sectors. BRIndex100 gained 75.08 points or 2.33 percent to close at 3,302.79
Published 13 Sep, 2019 12:00am
KSE-100 Index keeps rising: BRIndex100 extends rally
Mutual Funds

KSE-100 Index keeps rising: BRIndex100 extends rally

A bullish trend continued on the Pakistan Stock Exchange Thursday. The KSE-100 Index closed on a strong positive note with healthy gains on the back of fresh buying in almost all sectors. BRIndex100 gained 75.08 points or 2.33 percent to close at 3,302.79
Published 13 Sep, 2019 12:00am
KSE-100 Index keeps rising: BRIndex100 extends rally
Mutual Funds

KSE-100 Index keeps rising: BRIndex100 extends rally

A bullish trend continued on the Pakistan Stock Exchange Thursday. The KSE-100 Index closed on a strong positive note with healthy gains on the back of fresh buying in almost all sectors. BRIndex100 gained 75.08 points or 2.33 percent to close at 3,302.79
Updated 13 Sep, 2019 04:38am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (September 12, 2019).

Published 13 Sep, 2019 12:00am
NPLs of banking sector soar to record Rs 783 billion

NPLs of banking sector soar to record Rs 783 billion

Non-Performing Loans (NPLs) of banking sector rose to historic level of Rs 783 billion at the end of June 2019, mainly due to lower recoveries on the back of higher interest rate. According to State Bank of Pakistan's statistics, NPLs of the banking secto
Published 13 Sep, 2019 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (September 12, 2019).

Published 13 Sep, 2019 12:00am
NPLs of banking sector soar to record Rs 783 billion

NPLs of banking sector soar to record Rs 783 billion

Non-Performing Loans (NPLs) of banking sector rose to historic level of Rs 783 billion at the end of June 2019, mainly due to lower recoveries on the back of higher interest rate. According to State Bank of Pakistan's statistics, NPLs of the banking secto
Published 13 Sep, 2019 12:00am
ECB unveils 'big bang' stimulus
Exchange

ECB unveils 'big bang' stimulus

European Central Bank chief Mario Draghi urged eurozone governments to spend more Thursday, while the Frankfurt institution launched new "big bang" interventions to prop up the economy as the outlook darkens. Overcoming publicly-aired divisions on the ins
Published 13 Sep, 2019 12:00am
RECORDER REPORT
Kerb

RECORDER REPORT

Dollar buying and selling rate in the kerb market in rupees on Thursday (September 12, 2019).

Published 13 Sep, 2019 12:00am
ECB unveils 'big bang' stimulus
Exchange

ECB unveils 'big bang' stimulus

European Central Bank chief Mario Draghi urged eurozone governments to spend more Thursday, while the Frankfurt institution launched new "big bang" interventions to prop up the economy as the outlook darkens. Overcoming publicly-aired divisions on the ins
Published 13 Sep, 2019 12:00am
THE RUPEE: all-round gains
Exchange

THE RUPEE: all-round gains

The rupee extended overnight gains against the dollar on the money market on Thursday in the process of trading activity, dealers said.
Updated 13 Sep, 2019 07:07am
Finance Act 2019: Special tax treatment to many sectors done away with

Finance Act 2019: Special tax treatment to many sectors done away with

The government through Finance Act 2019 has abolished special sales tax treatment, special procedures, fixed sales tax regime and extra tax payment system applicable on different sectors/industries. In budget (2019-20), the Federal Board of Revenue (FBR)
Published 13 Sep, 2019 12:00am
THE RUPEE: all-round gains
Exchange

THE RUPEE: all-round gains

The rupee extended overnight gains against the dollar on the money market on Thursday in the process of trading activity, dealers said.
Published 13 Sep, 2019 12:00am
Finance Act 2019: Special tax treatment to many sectors done away with

Finance Act 2019: Special tax treatment to many sectors done away with

The government through Finance Act 2019 has abolished special sales tax treatment, special procedures, fixed sales tax regime and extra tax payment system applicable on different sectors/industries. In budget (2019-20), the Federal Board of Revenue (FBR)
Updated 13 Sep, 2019 10:38am
Consult IAF before 'invading' Azad Kashmir: ISPR responds to India

Consult IAF before 'invading' Azad Kashmir: ISPR responds to India

Inter-Services Public Relations (ISPR) Director General (DG) Major General Asif Ghafoor has asked Modi-led Hindu nationalist Indian government's union minister Jitendra Singh to consult Indian Air Force (IAF) before invading Azad Kashmir. Major General As
Published 13 Sep, 2019 12:00am
Consult IAF before 'invading' Azad Kashmir: ISPR responds to India

Consult IAF before 'invading' Azad Kashmir: ISPR responds to India

Inter-Services Public Relations (ISPR) Director General (DG) Major General Asif Ghafoor has asked Modi-led Hindu nationalist Indian government's union minister Jitendra Singh to consult Indian Air Force (IAF) before invading Azad Kashmir. Major General As
Published 13 Sep, 2019 12:00am
Defence ministry rules out possibility of N-war

Defence ministry rules out possibility of N-war

The Ministry of Defense Thursday ruled out any possibility of a nuclear war with Pakistan's arch-rival India because of prevailing tension due to latter's annexation of Jammu and Kashmir. The Defense Ministry during a briefing to the Senate Standing Commi
Published 13 Sep, 2019 12:00am
Defence ministry rules out possibility of N-war

Defence ministry rules out possibility of N-war

The Ministry of Defense Thursday ruled out any possibility of a nuclear war with Pakistan's arch-rival India because of prevailing tension due to latter's annexation of Jammu and Kashmir. The Defense Ministry during a briefing to the Senate Standing Commi
Published 13 Sep, 2019 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (September 12, 2019).

Published 13 Sep, 2019 12:00am
Pakistan rejects Modi's terror accusations

Pakistan rejects Modi's terror accusations

Pakistan Thursday rejected Indian Prime Minister Narendra Modi's terror accusations against the country and described these as part of New Delhi's smear campaign that has been waged against Islamabad for decades. Responding to a question regarding Prime M
Published 13 Sep, 2019 12:00am
Pakistan rejects Modi's terror accusations

Pakistan rejects Modi's terror accusations

Pakistan Thursday rejected Indian Prime Minister Narendra Modi's terror accusations against the country and described these as part of New Delhi's smear campaign that has been waged against Islamabad for decades. Responding to a question regarding Prime M
Published 13 Sep, 2019 12:00am
Alvi asks India to lift curbs on IOK
Exchange

Alvi asks India to lift curbs on IOK

Highlighting Pakistan's 'big diplomatic triumph' in the aftermath of Indian atrocities in occupied Kashmir President Dr Arif Alvi asked India to lift curbs on occupied Kashmir. Addressing a joint session of the Parliament on Thursday, the President said t
Published 13 Sep, 2019 12:00am
Alvi asks India to lift curbs on IOK
Exchange

Alvi asks India to lift curbs on IOK

Highlighting Pakistan's 'big diplomatic triumph' in the aftermath of Indian atrocities in occupied Kashmir President Dr Arif Alvi asked India to lift curbs on occupied Kashmir. Addressing a joint session of the Parliament on Thursday, the President said t
Published 13 Sep, 2019 12:00am
10 Corps, Southern Command get new commanders

10 Corps, Southern Command get new commanders

Pakistan Army on Thursday assigned new responsibilities to five lieutenant generals. According to the Inter Services Public Relations (ISPR), Lieutenant-General Waseem Ashraf has been appointed as the Commander of Southern Command, Lieutenant-General Azha
Published 13 Sep, 2019 12:00am
10 Corps, Southern Command get new commanders

10 Corps, Southern Command get new commanders

Pakistan Army on Thursday assigned new responsibilities to five lieutenant generals. According to the Inter Services Public Relations (ISPR), Lieutenant-General Waseem Ashraf has been appointed as the Commander of Southern Command, Lieutenant-General Azha
Published 13 Sep, 2019 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 13 Sep, 2019 12:00am