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Print - 2012-08-17
KWSB seeks tax exemption

KWSB seeks tax exemption

The Karachi Water and Sewerage Board (KWSB) be exempted from all the government taxes particularly the general sales tax. The Managing Director of KWSB, Misbahuddin Farid, has written a letter to this effect to the authorities of the Federal Board of Reve
Published 17 Aug, 2012 12:00am
Flood situation normal in Sindh

Flood situation normal in Sindh

River Indus is flowing normal at Guddu, Sukkur, Kotri Barrages and will remain in normal flood, according to an announcement of Sindh Irrigation Department Thursday.
Published 17 Aug, 2012 12:00am
Punjab government, IFC sign MoU to promote public-private partnership

Punjab government, IFC sign MoU to promote public-private partnership

A Memorandum of Understanding between the Punjab government and International Finance Corporation (IFC), a subsidiary organisation of the World Bank, at Arfa Karim Software Technology Park on Thursday was signed for promoting public-private partnership in
Published 17 Aug, 2012 12:00am
Schools provide all relevant material about dengue: Shuja

Schools provide all relevant material about dengue: Shuja

Minister for Transport and Education Punjab, Mian Mujtaba Shujaur Rehman has said that School Education department has provided all relevant material regarding awareness campaign against dengue to the public and private sector schools, however, awareness
Published 17 Aug, 2012 12:00am
Three women among eight killed in Karachi

Three women among eight killed in Karachi

At least eight people including three women and CID personnel were killed in different violent incidents in city on Thursday, police and rescue sources said. In first incident a CID personnel was shot dead near Jalal Mosque, Usmanabad area in the limits o
Published 17 Aug, 2012 12:00am
Federal courts to be shifted to new complex soon

Federal courts to be shifted to new complex soon

Federal Courts/Tribunals would be shifted to newly constructed complex at Sector G-11 Islamabad soon. The newly constructed Federal Court/Tribunals complex is ready for handing over to the concerned ministry, said in a news release issued here on Thursday
Published 17 Aug, 2012 12:00am
37 suspects arrested

37 suspects arrested

The Karachi police in their on-going drive against criminals arrested 37 accused including eight absconders during past 24 hours. A police statement said that 25 pistols, one dagger and four mobile phones were recovered from the possession of accused.
Published 17 Aug, 2012 12:00am
Judges to visit Adyala jail to dispose of petty cases

Judges to visit Adyala jail to dispose of petty cases

District and Sessions Judges (East) and ICT Islamabad along with two Judicial Magistrates and one executive Magistrate will visit central Jail Adyala Rawalpindi, on Friday for disposal of petty nature cases pertaining to the jurisdiction of ICT on the occ
Published 17 Aug, 2012 12:00am
CJP says country passing through critical phase

CJP says country passing through critical phase

Chief Justice Iftikhar Muhammad Chaudhry on Thursday observed that Pakistan is passing through a critical phase of its history wherein the day-to-day events of kidnapping for ransom, abduction, target killing, forced disappearances, energy crisis, corrupt
Published 17 Aug, 2012 12:00am
Profit after tax of ABL increases to Rs 6.652 billion

Profit after tax of ABL increases to Rs 6.652 billion

The profit after tax of Allied Bank Limited has increased to Rs 6.652 billion in the half year period ended June 30, 2012 as compared to Rs 5.032 billion in the corresponding period in 2011. The bank's earning per share increased to Rs 7.03 in the period
Published 17 Aug, 2012 12:00am
Profit after tax of ABL increases to Rs 6.652 billion

Profit after tax of ABL increases to Rs 6.652 billion

The profit after tax of Allied Bank Limited has increased to Rs 6.652 billion in the half year period ended June 30, 2012 as compared to Rs 5.032 billion in the corresponding period in 2011. The bank's earning per share increased to Rs 7.03 in the period
Published 17 Aug, 2012 12:00am
Shell Pakistan posts Rs 1.988 billion as after tax loss

Shell Pakistan posts Rs 1.988 billion as after tax loss

Shell Pakistan Limited has posted Rs 1.988 billion as after tax loss in the half year period ended June 30, 2012 as compared to after tax profit of Rs 1.407 billion in the corresponding period in 2011. The board of directors of the company in its meeting
Published 17 Aug, 2012 12:00am
Shell Pakistan posts Rs 1.988 billion as after tax loss

Shell Pakistan posts Rs 1.988 billion as after tax loss

Shell Pakistan Limited has posted Rs 1.988 billion as after tax loss in the half year period ended June 30, 2012 as compared to after tax profit of Rs 1.407 billion in the corresponding period in 2011. The board of directors of the company in its meeting
Published 17 Aug, 2012 12:00am
Date for submission of requisite regulatory amendments extended

Date for submission of requisite regulatory amendments extended

The Securities and Exchange Commission of Pakistan (SECP) while considering the reasons submitted by Karachi Stock Exchange (KSE) and Lahore Stock Exchange (LSE) in their requests, the deadline for submission of requisite regulatory amendments has extende
Published 17 Aug, 2012 12:00am
Imran urges government to extricate itself from US-led war

Imran urges government to extricate itself from US-led war

Following Kamra incident, Imran Khan, chairman Pakistan Tehrik-e-Insaaf (PTI) urged the authorities to separate Pakistan from US imposed war on terror to avert such incidents in future. In an exclusive talk with Business Recorder during an annual I
Published 17 Aug, 2012 12:00am
Non-devolution of two institutions: Sindh to raise issue at CCI meeting

Non-devolution of two institutions: Sindh to raise issue at CCI meeting

The Sindh government has decided, in principle, to take up the case of non-devolution of two major institutions of Federal Labour Ministry (devolved) - Employees Old Age Benefits Institution (EOBI) and Workers Welfare Fund (WWF) - in the next meeting of C
Published 17 Aug, 2012 12:00am
NIB Bank posts Rs 83.568 million profit

NIB Bank posts Rs 83.568 million profit

NIB Bank has posted Rs 83.568 million as profit after tax in the quarter ended June 30, 2012 as compared to after tax loss of Rs 460.829 million recorded in the corresponding period in 2011. The board of directors of the bank in its meeting held here on A
Published 17 Aug, 2012 12:00am
NIB Bank posts Rs 83.568 million profit

NIB Bank posts Rs 83.568 million profit

NIB Bank has posted Rs 83.568 million as profit after tax in the quarter ended June 30, 2012 as compared to after tax loss of Rs 460.829 million recorded in the corresponding period in 2011. The board of directors of the bank in its meeting held here on A
Published 17 Aug, 2012 12:00am
Profit after tax of Al-Ghazi Tractors decreases to Rs 1.020 billion

Profit after tax of Al-Ghazi Tractors decreases to Rs 1.020 billion

The profit after tax of Al-Ghazi Tractors Limited has reduced to Rs 1.020 billion in the half year period ended June 30, 2012 as compared to Rs 1.131 billion earned in the corresponding period in 2011. The company's earning per share has decreased to Rs 2
Published 17 Aug, 2012 12:00am
Profit after tax of Al-Ghazi Tractors decreases to Rs 1.020 billion

Profit after tax of Al-Ghazi Tractors decreases to Rs 1.020 billion

The profit after tax of Al-Ghazi Tractors Limited has reduced to Rs 1.020 billion in the half year period ended June 30, 2012 as compared to Rs 1.131 billion earned in the corresponding period in 2011. The company's earning per share has decreased to Rs 2
Published 17 Aug, 2012 12:00am
NICL scam: appointment of Niazi: FIA asked to take action

NICL scam: appointment of Niazi: FIA asked to take action

The Supreme Court on Thursday directed Federal Investigation Agency (FIA) to take legal action against those responsible for the appointment of Ayaz Niazi as head of National Insurance Company Ltd (NICL). A three-member bench headed by Chief Justice Iftik
Published 17 Aug, 2012 12:00am
NICL scam: appointment of Niazi: FIA asked to take action

NICL scam: appointment of Niazi: FIA asked to take action

The Supreme Court on Thursday directed Federal Investigation Agency (FIA) to take legal action against those responsible for the appointment of Ayaz Niazi as head of National Insurance Company Ltd (NICL). A three-member bench headed by Chief Justice Iftik
Published 17 Aug, 2012 12:00am
NICL scam: appointment of Niazi: FIA asked to take action

NICL scam: appointment of Niazi: FIA asked to take action

The Supreme Court on Thursday directed Federal Investigation Agency (FIA) to take legal action against those responsible for the appointment of Ayaz Niazi as head of National Insurance Company Ltd (NICL). A three-member bench headed by Chief Justice Iftik
Published 17 Aug, 2012 12:00am
The Weather

The Weather

The weather report on Thursday (August 16, 2012) and the forecast for Friday (August 17, 2012).

Published 17 Aug, 2012 12:00am
Burj Bank launches Pakistan''s first Islamic debit card

Burj Bank launches Pakistan''s first Islamic debit card

Burj Bank, in association with MasterCard, a global payments and technology company, announced the launch of Pakistan''s first Islamic Master Card debit card that is designed to benefit customers who prefer better control over their expenditure.
Published 17 Aug, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (August 16, 2012).

Published 17 Aug, 2012 12:00am
Burj Bank launches Pakistan's first Islamic debit card

Burj Bank launches Pakistan's first Islamic debit card

Burj Bank, in association with MasterCard, a global payments and technology company, announced the launch of Pakistan's first Islamic Master Card debit card that is designed to benefit customers who prefer better control over their expenditure.
Published 17 Aug, 2012 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 17 Aug, 2012 12:00am
Burj Bank launches Pakistan's first Islamic debit card

Burj Bank launches Pakistan's first Islamic debit card

Burj Bank, in association with MasterCard, a global payments and technology company, announced the launch of Pakistan's first Islamic Master Card debit card that is designed to benefit customers who prefer better control over their expenditure.
Published 17 Aug, 2012 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 17 Aug, 2012 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (August 16, 2012).

Published 17 Aug, 2012 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (August 16, 2012).

Published 17 Aug, 2012 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Thursday (August 16, 2012).

Published 17 Aug, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (August 16, 2012).

Published 17 Aug, 2012 12:00am
FBR decides to appoint Chief FTO

FBR decides to appoint Chief FTO

The Federal Board of Revenue (FBR) has decided to appoint a dedicated Chief Federal Tax Ombudsman (FTO) under supervision of FBR Legal Wing to ensure timely implementation of the orders of the FTO in the field formations. Sources told Business Recorder
Published 17 Aug, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (August 16, 2012).

Published 17 Aug, 2012 12:00am
FBR decides to appoint Chief FTO

FBR decides to appoint Chief FTO

The Federal Board of Revenue (FBR) has decided to appoint a dedicated Chief Federal Tax Ombudsman (FTO) under supervision of FBR Legal Wing to ensure timely implementation of the orders of the FTO in the field formations. Sources told Business Recorder
Published 17 Aug, 2012 12:00am
FBR decides to appoint Chief FTO

FBR decides to appoint Chief FTO

The Federal Board of Revenue (FBR) has decided to appoint a dedicated Chief Federal Tax Ombudsman (FTO) under supervision of FBR Legal Wing to ensure timely implementation of the orders of the FTO in the field formations. Sources told Business Recorder
Published 17 Aug, 2012 12:00am
MSCI Quarterly Review: no change for Pakistan

MSCI Quarterly Review: no change for Pakistan

MSCI, a leading provider of investment decision support tools, on Thursday announced the results of August 2012 Quarterly Index Review for MSCI Equity Indices with no major change for Pakistan. Within Frontier Markets (FM) index, no country has been added
Published 17 Aug, 2012 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

The rupee-dollar parity moved both ways on the currency market on Thursday in process of slow trading, dealers said. The rupee drifted lower against dollar, losing nine paisa for buying at 94.45 and 10 paisa for selling at 94.50, dealers said.
Published 17 Aug, 2012 12:00am
MSCI Quarterly Review: no change for Pakistan

MSCI Quarterly Review: no change for Pakistan

MSCI, a leading provider of investment decision support tools, on Thursday announced the results of August 2012 Quarterly Index Review for MSCI Equity Indices with no major change for Pakistan. Within Frontier Markets (FM) index, no country has been added
Published 17 Aug, 2012 12:00am
THE RUPEE: dollar moves both ways

THE RUPEE: dollar moves both ways

The rupee-dollar parity moved both ways on the currency market on Thursday in process of slow trading, dealers said. The rupee drifted lower against dollar, losing nine paisa for buying at 94.45 and 10 paisa for selling at 94.50, dealers said.
Published 17 Aug, 2012 12:00am
MSCI Quarterly Review: no change for Pakistan

MSCI Quarterly Review: no change for Pakistan

MSCI, a leading provider of investment decision support tools, on Thursday announced the results of August 2012 Quarterly Index Review for MSCI Equity Indices with no major change for Pakistan. Within Frontier Markets (FM) index, no country has been added
Published 17 Aug, 2012 12:00am
Ecuador grants asylum to Assange, angering Britain

Ecuador grants asylum to Assange, angering Britain

Ecuador has granted political asylum to WikiLeaks' founder Julian Assange, Foreign Minister Ricardo Patino said on Thursday, a day after the British government threatened to storm the Ecuadorean embassy in London to arrest the former hacker.
Published 17 Aug, 2012 12:00am
Ecuador grants asylum to Assange, angering Britain

Ecuador grants asylum to Assange, angering Britain

Ecuador has granted political asylum to WikiLeaks' founder Julian Assange, Foreign Minister Ricardo Patino said on Thursday, a day after the British government threatened to storm the Ecuadorean embassy in London to arrest the former hacker.
Published 17 Aug, 2012 12:00am
Thousands flee south Indian city after communal violence

Thousands flee south Indian city after communal violence

Thousands of people from India's north-east fled from the southern city of Bangalore on Thursday as fear grew of a backlash over violence against Muslims in the state of Assam and neighbouring Myanmar. Over the weekend, two people were killed and 55 wound
Published 17 Aug, 2012 12:00am
Thousands flee south Indian city after communal violence

Thousands flee south Indian city after communal violence

Thousands of people from India's north-east fled from the southern city of Bangalore on Thursday as fear grew of a backlash over violence against Muslims in the state of Assam and neighbouring Myanmar. Over the weekend, two people were killed and 55 wound
Published 17 Aug, 2012 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (August 16, 2012).

Published 17 Aug, 2012 12:00am
Cash-starved PSO gets Rs 10 billion

Cash-starved PSO gets Rs 10 billion

The government has released Rs 10 billion to cash-starved Pakistan State Oil (PSO) out of Rs 227.082 billion outstanding dues against power sector, it is learnt. According to an official of the national fuel supplying company, PSO''s total receivables and
Published 17 Aug, 2012 12:00am
Cash-starved PSO gets Rs 10 billion

Cash-starved PSO gets Rs 10 billion

The government has released Rs 10 billion to cash-starved Pakistan State Oil (PSO) out of Rs 227.082 billion outstanding dues against power sector, it is learnt. According to an official of the national fuel supplying company, PSO's total receivables and
Published 17 Aug, 2012 12:00am
Cash-starved PSO gets Rs 10 billion

Cash-starved PSO gets Rs 10 billion

The government has released Rs 10 billion to cash-starved Pakistan State Oil (PSO) out of Rs 227.082 billion outstanding dues against power sector, it is learnt. According to an official of the national fuel supplying company, PSO's total receivables and
Published 17 Aug, 2012 12:00am
Taiwan, China get first undersea cable link

Taiwan, China get first undersea cable link

The first undersea telecommunications cables linking Taiwanese and mainland Chinese territory have been completed, a company official said Thursday, amid fast warming ties between Taipei and Beijing. The two fibre optic cables link the city of Xiamen in s
Published 17 Aug, 2012 12:00am
Taiwan, China get first undersea cable link

Taiwan, China get first undersea cable link

The first undersea telecommunications cables linking Taiwanese and mainland Chinese territory have been completed, a company official said Thursday, amid fast warming ties between Taipei and Beijing. The two fibre optic cables link the city of Xiamen in s
Published 17 Aug, 2012 12:00am
Taiwan, China get first undersea cable link

Taiwan, China get first undersea cable link

The first undersea telecommunications cables linking Taiwanese and mainland Chinese territory have been completed, a company official said Thursday, amid fast warming ties between Taipei and Beijing. The two fibre optic cables link the city of Xiamen in s
Published 17 Aug, 2012 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 17 Aug, 2012 12:00am
Leon Panetta's assertion rejected: Pakistan's strategic assets safe: FO

Leon Panetta's assertion rejected: Pakistan's strategic assets safe: FO

Pakistan on Thursday rejected US Defence Secretary Leon Panetta's assertion that its nukes might fall in terrorists' hands, saying that the strategic assets are safe under a strong command and control system. Foreign Office spokesman Moazzan Ahmad Khan wh
Published 17 Aug, 2012 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 17 Aug, 2012 12:00am
Leon Panetta's assertion rejected: Pakistan's strategic assets safe: FO

Leon Panetta's assertion rejected: Pakistan's strategic assets safe: FO

Pakistan on Thursday rejected US Defence Secretary Leon Panetta's assertion that its nukes might fall in terrorists' hands, saying that the strategic assets are safe under a strong command and control system. Foreign Office spokesman Moazzan Ahmad Khan wh
Published 17 Aug, 2012 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 17 Aug, 2012 12:00am
ISE index down by 1.03 points

ISE index down by 1.03 points

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 1.03 points as the ISE Ten Index moved from 3,021.00 to 3,019.97 p
Published 17 Aug, 2012 12:00am
ISE index down by 1.03 points

ISE index down by 1.03 points

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 1.03 points as the ISE Ten Index moved from 3,021.00 to 3,019.97 p
Published 17 Aug, 2012 12:00am
LSE equities settle in negative zone

LSE equities settle in negative zone

Equities on Thursday moved both ways on the Lahore Stock Exchange and finally settled in negative zone amid descending transaction volume due to lacking investors' interest ahead of long weekend on account of Juma tul Wida and Eid holidays.
Published 17 Aug, 2012 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 17 Aug, 2012 12:00am
LSE equities settle in negative zone

LSE equities settle in negative zone

Equities on Thursday moved both ways on the Lahore Stock Exchange and finally settled in negative zone amid descending transaction volume due to lacking investors' interest ahead of long weekend on account of Juma tul Wida and Eid holidays.
Published 17 Aug, 2012 12:00am
BRIndex30 sheds 43.44 points

BRIndex30 sheds 43.44 points

On Thursday, BRIndex30 opened at 10,362.76. It touched an intraday high of 10,392.68 and an intraday low of 10,315.82 and closed at 10,319.32 which was -43.44 points or -0.42 percent lower than previous close. Total volume was 65,079,800, which was 67.27
Published 17 Aug, 2012 12:00am
BRIndex30 sheds 43.44 points

BRIndex30 sheds 43.44 points

On Thursday, BRIndex30 opened at 10,362.76. It touched an intraday high of 10,392.68 and an intraday low of 10,315.82 and closed at 10,319.32 which was -43.44 points or -0.42 percent lower than previous close. Total volume was 65,079,800, which was 67.27
Published 17 Aug, 2012 12:00am
Index breaches psychological level of 15,000 points after four years

Index breaches psychological level of 15,000 points after four years

The benchmark KSE-100 index on last trading session before Eid breached 15,000 psychological level after 4 years. The index closed at 15,000.08 points with a net gain of 29.15 points on Thursday on the back of both local and foreign investors support. Fre
Published 17 Aug, 2012 12:00am
Index breaches psychological level of 15,000 points after four years

Index breaches psychological level of 15,000 points after four years

The benchmark KSE-100 index on last trading session before Eid breached 15,000 psychological level after 4 years. The index closed at 15,000.08 points with a net gain of 29.15 points on Thursday on the back of both local and foreign investors support. Fre
Published 17 Aug, 2012 12:00am
Index breaches psychological level of 15,000 points after four years

Index breaches psychological level of 15,000 points after four years

The benchmark KSE-100 index on last trading session before Eid breached 15,000 psychological level after 4 years. The index closed at 15,000.08 points with a net gain of 29.15 points on Thursday on the back of both local and foreign investors support. Fre
Published 17 Aug, 2012 12:00am
Implement court's order before 27th, Supreme Court asks government

Implement court's order before 27th, Supreme Court asks government

The Supreme Court was informed on Thursday that the government had been making serious efforts to comply with apex court's orders in relation to its verdict on National Reconciliation Ordinance (NRO) case. A five-member special bench comprising Justice As
Published 17 Aug, 2012 12:00am
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