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Print - 2013-05-03
All parties must denounce terrorist groups: Fafen

All parties must denounce terrorist groups: Fafen

Decisive action is required by the state against militant groups deliberately attempting to sabotage the election process through acts of terrorism and intimidation of candidates and their supporters, polling officials and voters across Pakistan, says Fre
Published 03 May, 2013 12:00am
'Make DRA an independent and effective regulatory body,' Ahmer Ashraf

'Make DRA an independent and effective regulatory body,' Ahmer Ashraf

Ahmer Ashraf is the Regional Public Affairs Lead, Asia-Pacific markets for Pfizer's Consumer Healthcare business and heading an integrated department for Pfizer's Pakistan/Afghanistan affiliate in Public Affairs, Policy and Communications. He has previous
Published 03 May, 2013 12:00am
'Make DRA an independent and effective regulatory body,' Ahmer Ashraf

'Make DRA an independent and effective regulatory body,' Ahmer Ashraf

Ahmer Ashraf is the Regional Public Affairs Lead, Asia-Pacific markets for Pfizer's Consumer Healthcare business and heading an integrated department for Pfizer's Pakistan/Afghanistan affiliate in Public Affairs, Policy and Communications. He has previous
Published 03 May, 2013 12:00am
AEDB should play its role in bringing investment: Malik

AEDB should play its role in bringing investment: Malik

Federal Minister for Water and Power, Dr Musadik Malik has said that Pakistan has great potential of renewable energy and managers should formulate such policies to attract the investors in this sector by facilitating them. The Minister said that Alternat
Published 03 May, 2013 12:00am
Farmers urged to avoid harvesting during rains

Farmers urged to avoid harvesting during rains

Meteorologists on Thursday urged farmers to follow weather advisories to avoid problems during harvests. The Met Office issued its 10-day weather advisory for farmers, urging them not to harvest during rains to avoid yield loss.
Published 03 May, 2013 12:00am
Monitoring wheat movement: Sindh government sets up vigilance committee

Monitoring wheat movement: Sindh government sets up vigilance committee

To prevent hoarding, the Sindh government on Thursday constituted a three-member vigilance committee to monitor the wheat movement across the province. The committee was set up during a meeting chaired by caretaker minister Khalid Latif to discuss wheat p
Published 03 May, 2013 12:00am
KMC abolishes Foreign Affairs department

KMC abolishes Foreign Affairs department

Karachi Metropolitan Corporation (KMC) has abolished the department of Foreign Affairs under an order approved by KMC Administrator Syed Hashim Raza Zaidi. This department was established on December 26 last year. According to an order issued by HRM Depar
Published 03 May, 2013 12:00am
Summit Bank to launch Islamic banking: Lawai

Summit Bank to launch Islamic banking: Lawai

Summit Bank Limited has planned to step in Islamic banking in the next few months aimed at cashing in on the opportunities in commercial and domestic sectors with different Sharia-based products and services. President and CEO of Summit Bank, Hussain Lawa
Published 03 May, 2013 12:00am
KSE proposes tax credit equal to 15 percent of tax payable to companies

KSE proposes tax credit equal to 15 percent of tax payable to companies

Karachi Stock Exchange (KSE) has proposed the Federal Board of Revenue (FBR) that the tax credit under Income Tax Ordinance 2001 equal to 15 percent of tax payable to the companies for opting for enlistment in any registered stock exchange in Pakistan be
Published 03 May, 2013 12:00am
Tremors jolt Ziarat, Malakand division

Tremors jolt Ziarat, Malakand division

Severe jolts were felt in district Ziarat of Balochistan and Malakand division of Khyber Pakhtunkhawa provinces on Thursday. According to details, tremor of 5.3 magnitude on Richter scale shook Ziarat and adjoining areas causing immense panic among the lo
Published 03 May, 2013 12:00am
PPP to emerge single largest party in polls, claims Khosa

PPP to emerge single largest party in polls, claims Khosa

Pakistan People's Party (PPP) Secretary General Sardar Latif Khosa has claimed that his party would be emerged as the single largest party in May-11 general elections. Addressing a news conference here on Thursday, he said that PPP's vote bank is still in
Published 03 May, 2013 12:00am
Official results to be announced within 14 days after polling

Official results to be announced within 14 days after polling

The Election Commission of Pakistan (ECP) will officially announce the election results within 14 days after the polling; and the President of Pakistan would be required to summon the National Assembly within 21 days after polling for election of Speaker,
Published 03 May, 2013 12:00am
HBL approves interim dividend for funds

HBL approves interim dividend for funds

HBL Asset Management Limited approves 8th Interim dividend for HBL Money Market Fund and HBL Islamic Money Market Fund for the year ending June 30, 2013. We are pleased to announce that the Chief Executive, under the authority of the Board of Directors of
Published 03 May, 2013 12:00am
The Weather

The Weather

The weather report on Thursday (May 02, 2013) and the forecast for Friday (May 03, 2013).

Published 03 May, 2013 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (May 02, 2013).

Published 03 May, 2013 12:00am
July-April period: CPI surges by 7.75 percent: PBS

July-April period: CPI surges by 7.75 percent: PBS

The Consumer Price Index CPI increased by 7.75 percent during July-April 2012-13 as compared to the same period last year, according to Pakistan Bureau of Statistics (PBS). Addressing a press conference here on Thursday, Member National Accounts /Trade/Pr
Published 03 May, 2013 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (May 02, 2013).

Published 03 May, 2013 12:00am
July-April period: CPI surges by 7.75 percent: PBS

July-April period: CPI surges by 7.75 percent: PBS

The Consumer Price Index CPI increased by 7.75 percent during July-April 2012-13 as compared to the same period last year, according to Pakistan Bureau of Statistics (PBS). Addressing a press conference here on Thursday, Member National Accounts /Trade/Pr
Published 03 May, 2013 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Thursday (May 02, 2013) and for Friday (May 03, 2013).
Published 03 May, 2013 12:00am
July-April period: CPI surges by 7.75 percent: PBS

July-April period: CPI surges by 7.75 percent: PBS

The Consumer Price Index CPI increased by 7.75 percent during July-April 2012-13 as compared to the same period last year, according to Pakistan Bureau of Statistics (PBS). Addressing a press conference here on Thursday, Member National Accounts /Trade/Pr
Published 03 May, 2013 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (May 02, 2013).

Published 03 May, 2013 12:00am
Budget makers mulling over ST rate hike to 17 percent

Budget makers mulling over ST rate hike to 17 percent

Budget makers are reviewing a proposal to increase the standard rate of sales tax from existing 16 percent to 17 percent as a major revenue generation measure in Federal Budget (2013-14). Sources told Business Recorder on Thursday that the budget p
Published 03 May, 2013 12:00am
Budget makers mulling over ST rate hike to 17 percent

Budget makers mulling over ST rate hike to 17 percent

Budget makers are reviewing a proposal to increase the standard rate of sales tax from existing 16 percent to 17 percent as a major revenue generation measure in Federal Budget (2013-14). Sources told Business Recorder on Thursday that the budget p
Published 03 May, 2013 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Thursday (May 02, 2013).

Published 03 May, 2013 12:00am
Budget makers mulling over ST rate hike to 17 percent

Budget makers mulling over ST rate hike to 17 percent

Budget makers are reviewing a proposal to increase the standard rate of sales tax from existing 16 percent to 17 percent as a major revenue generation measure in Federal Budget (2013-14). Sources told Business Recorder on Thursday that the budget p
Published 03 May, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (May 02, 2013).

Published 03 May, 2013 12:00am
Budget makers mulling over ST rate hike to 17 percent

Budget makers mulling over ST rate hike to 17 percent

Budget makers are reviewing a proposal to increase the standard rate of sales tax from existing 16 percent to 17 percent as a major revenue generation measure in Federal Budget (2013-14). Sources told Business Recorder on Thursday that the budget p
Published 03 May, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (May 02, 2013).

Published 03 May, 2013 12:00am
Article 6: Supreme Court again urged to form larger bench

Article 6: Supreme Court again urged to form larger bench

A three-judge bench of the Supreme Court was urged on Thursday to form a larger bench to hear five identical petitions that had sought the trial of former President and army chief Pervez Musharraf under Article 6 for allegedly committing high treason. A b
Published 03 May, 2013 12:00am
Article 6: Supreme Court again urged to form larger bench

Article 6: Supreme Court again urged to form larger bench

A three-judge bench of the Supreme Court was urged on Thursday to form a larger bench to hear five identical petitions that had sought the trial of former President and army chief Pervez Musharraf under Article 6 for allegedly committing high treason. A b
Published 03 May, 2013 12:00am
Musharraf interrogated by Balochistan police

Musharraf interrogated by Balochistan police

The Baloch-istan police on Thursday arrested former President and army chief and chief of All Pakistan Mus-lim League (APML), General Pervez Musharraf in the Nawab Akbar Bugti murder case. Musharraf's arrest came after Anti-Terrorist Court (ATC) Rawalpind
Published 03 May, 2013 12:00am
THE RUPEE: dollar at 100

THE RUPEE: dollar at 100

Strong demand for dollars strengthened the US currency versus the rupee on the money market on Thursday during the process of trading, dealers said. The rupee might be traded in range-bound ahead of general elections in the country, experts said, adding t
Published 03 May, 2013 12:00am
Musharraf interrogated by Balochistan police

Musharraf interrogated by Balochistan police

The Baloch-istan police on Thursday arrested former President and army chief and chief of All Pakistan Mus-lim League (APML), General Pervez Musharraf in the Nawab Akbar Bugti murder case. Musharraf's arrest came after Anti-Terrorist Court (ATC) Rawalpind
Published 03 May, 2013 12:00am
THE RUPEE: dollar at 100

THE RUPEE: dollar at 100

Strong demand for dollars strengthened the US currency versus the rupee on the money market on Thursday during the process of trading, dealers said. The rupee might be traded in range-bound ahead of general elections in the country, experts said, adding t
Published 03 May, 2013 12:00am
Border firing incident: Afghan diplomat summoned

Border firing incident: Afghan diplomat summoned

Pakistan on Thursday summoned Afghan Charge d' Affaires to Foreign Office and lodged serious protest with him on Wednesday's unprovoked firing on border post that resulted in injuring of two Frontier Constabulary (FC) soldiers.
Published 03 May, 2013 12:00am
Border firing incident: Afghan diplomat summoned

Border firing incident: Afghan diplomat summoned

Pakistan on Thursday summoned Afghan Charge d' Affaires to Foreign Office and lodged serious protest with him on Wednesday's unprovoked firing on border post that resulted in injuring of two Frontier Constabulary (FC) soldiers.
Published 03 May, 2013 12:00am
Telecom sector registers remarkable growth in 2012

Telecom sector registers remarkable growth in 2012

Telecom sector has shown remarkable growth in 2012 where total tele-density reached 72 percent, cellular subscribers crossed 120 million and broadband subscribers crossed the figure of two million, reflecting annual growth of 100 percent. According to off
Published 03 May, 2013 12:00am
Telecom sector registers remarkable growth in 2012

Telecom sector registers remarkable growth in 2012

Telecom sector has shown remarkable growth in 2012 where total tele-density reached 72 percent, cellular subscribers crossed 120 million and broadband subscribers crossed the figure of two million, reflecting annual growth of 100 percent. According to off
Published 03 May, 2013 12:00am
Telecom sector registers remarkable growth in 2012

Telecom sector registers remarkable growth in 2012

Telecom sector has shown remarkable growth in 2012 where total tele-density reached 72 percent, cellular subscribers crossed 120 million and broadband subscribers crossed the figure of two million, reflecting annual growth of 100 percent. According to off
Published 03 May, 2013 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (May 02, 2013).

Published 03 May, 2013 12:00am
LNG project no longer government''s priority: official

LNG project no longer government''s priority: official

The multi-billion-dollar Liquefied Natural Gas (LNG) import project is no longer being pursued after the departure of Dr Asim Hussain, the former minister for petroleum and natural resources. A senior official of the Petroleum Ministry told Business Re
Published 03 May, 2013 12:00am
LNG project no longer government's priority: official

LNG project no longer government's priority: official

The multi-billion-dollar Liquefied Natural Gas (LNG) import project is no longer being pursued after the departure of Dr Asim Hussain, the former minister for petroleum and natural resources. A senior official of the Petroleum Ministry told Business Re
Published 03 May, 2013 12:00am
LNG project no longer government's priority: official

LNG project no longer government's priority: official

The multi-billion-dollar Liquefied Natural Gas (LNG) import project is no longer being pursued after the departure of Dr Asim Hussain, the former minister for petroleum and natural resources. A senior official of the Petroleum Ministry told Business Re
Published 03 May, 2013 12:00am
India demands justice

India demands justice

An Indian man on death row for spying died on Thursday nearly a week after he was attacked by fellow prisoners, who were swiftly charged with murder as New Delhi demanded justice. Sarabjit Singh, who was sentenced 16 years ago over deadly bombings, died i
Published 03 May, 2013 12:00am
India demands justice

India demands justice

An Indian man on death row for spying died on Thursday nearly a week after he was attacked by fellow prisoners, who were swiftly charged with murder as New Delhi demanded justice. Sarabjit Singh, who was sentenced 16 years ago over deadly bombings, died i
Published 03 May, 2013 12:00am
Sarabjit's body flown to India

Sarabjit's body flown to India

The body of Indian spy, Sarabjit Singh, was flown to India from Lahore airport on Thursday. The Jinnah hospital administration handed over the body of Sarabjit Singh to the Indian consulate officials. Later, the body was taken to Amritsar in a special Ind
Published 03 May, 2013 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 03 May, 2013 12:00am
Sarabjit's body flown to India

Sarabjit's body flown to India

The body of Indian spy, Sarabjit Singh, was flown to India from Lahore airport on Thursday. The Jinnah hospital administration handed over the body of Sarabjit Singh to the Indian consulate officials. Later, the body was taken to Amritsar in a special Ind
Published 03 May, 2013 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 03 May, 2013 12:00am
Forex reserves dip by $173.6 million

Forex reserves dip by $173.6 million

The country''s liquid foreign reserves declined by $173.6 million in the past week, the State Bank of Pakistan reported on Thursday. According to the central bank''s data, the country''s total foreign reserves dipped to $11.7644 billion on April 26 this y
Published 03 May, 2013 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 03 May, 2013 12:00am
Forex reserves dip by $173.6 million

Forex reserves dip by $173.6 million

The country's liquid foreign reserves declined by $173.6 million in the past week, the State Bank of Pakistan reported on Thursday. According to the central bank's data, the country's total foreign reserves dipped to $11.7644 billion on April 26 this year
Published 03 May, 2013 12:00am
Forex reserves dip by $173.6 million

Forex reserves dip by $173.6 million

The country's liquid foreign reserves declined by $173.6 million in the past week, the State Bank of Pakistan reported on Thursday. According to the central bank's data, the country's total foreign reserves dipped to $11.7644 billion on April 26 this year
Published 03 May, 2013 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 03 May, 2013 12:00am
Supreme Court declares Murad Shah ineligible for polls

Supreme Court declares Murad Shah ineligible for polls

The Supreme Court on Thursday barred former Sindh Minister and Pakistan People's Party (PPP) candidate for PS-73, Syed Murad Shah, from contesting general elections for holding dual nationality. The Sindh High Court (SHC) had allowed Shah to contest gener
Published 03 May, 2013 12:00am
Liberal parties alarmed over rise of regressive forces

Liberal parties alarmed over rise of regressive forces

Liberal political parties visibly perturbed over terrorist attacks on their election rallies on Thursday warned that regressive forces will put the country's existence in jeopardy if 'guarantors' of Taliban succeeded in making their way to power corridors
Published 03 May, 2013 12:00am
ISE index gains marginally

ISE index gains marginally

Bulls dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities continued to move in upward direction with positive trend at the ISE amid increase in index. ISE Ten Index showed an improvement of 2.98 points as the ISE Ten Index moved
Published 03 May, 2013 12:00am
ISE index gains marginally

ISE index gains marginally

Bulls dominated the proceedings at the Islamabad Stock Exchange (ISE) where equities continued to move in upward direction with positive trend at the ISE amid increase in index. ISE Ten Index showed an improvement of 2.98 points as the ISE Ten Index moved
Published 03 May, 2013 12:00am
LSE index loses 8.17 points

LSE index loses 8.17 points

Equities on Thursday moved both ways on the Lahore Stock Exchange and finally stayed in positive zone amid decreased trading turnover. However, LSE-25 index lost 8.17 points to close at 4033.06 against 4041.23 of last Tuesday while transaction volume was
Published 03 May, 2013 12:00am
LSE index loses 8.17 points

LSE index loses 8.17 points

Equities on Thursday moved both ways on the Lahore Stock Exchange and finally stayed in positive zone amid decreased trading turnover. However, LSE-25 index lost 8.17 points to close at 4033.06 against 4041.23 of last Tuesday while transaction volume was
Published 03 May, 2013 12:00am
ECB cuts interest rates, open to further action

ECB cuts interest rates, open to further action

The European Central Bank cut interest rates for the first time in 10 months on Thursday and held out the possibility of further policy action to support the recession-hit euro zone economy. Responding to a drop in euro zone inflation well below its targe
Published 03 May, 2013 12:00am
ECB cuts interest rates, open to further action

ECB cuts interest rates, open to further action

The European Central Bank cut interest rates for the first time in 10 months on Thursday and held out the possibility of further policy action to support the recession-hit euro zone economy. Responding to a drop in euro zone inflation well below its targe
Published 03 May, 2013 12:00am
ECB cuts interest rates, open to further action

ECB cuts interest rates, open to further action

The European Central Bank cut interest rates for the first time in 10 months on Thursday and held out the possibility of further policy action to support the recession-hit euro zone economy. Responding to a drop in euro zone inflation well below its targe
Published 03 May, 2013 12:00am
BRIndex30 sheds 34.37 points

BRIndex30 sheds 34.37 points

On Thurs-day, BRIndex30 opened at 12,344.68. It touched an intraday high of 12,454.70 and an intraday low of 12,303.61 and closed at 12,310.31 which was -34.37 points or -0.28 percent lower than previous close. Total volume was 100,057,400, which was 67.9
Published 03 May, 2013 12:00am
BRIndex30 sheds 34.37 points

BRIndex30 sheds 34.37 points

On Thurs-day, BRIndex30 opened at 12,344.68. It touched an intraday high of 12,454.70 and an intraday low of 12,303.61 and closed at 12,310.31 which was -34.37 points or -0.28 percent lower than previous close. Total volume was 100,057,400, which was 67.9
Published 03 May, 2013 12:00am
19,000-level surpassed

19,000-level surpassed

Led by second and third-tier stocks, KSE-100 share index breached psychological barrier of 19,000 on Thursday to close at historic high of 19,034.53 points against 18,982.42 points Tuesday. The local bourse witnessed bullish trend and gained 52.11 points
Published 03 May, 2013 12:00am
19,000-level surpassed

19,000-level surpassed

Led by second and third-tier stocks, KSE-100 share index breached psychological barrier of 19,000 on Thursday to close at historic high of 19,034.53 points against 18,982.42 points Tuesday. The local bourse witnessed bullish trend and gained 52.11 points
Published 03 May, 2013 12:00am
19,000-level surpassed

19,000-level surpassed

Led by second and third-tier stocks, KSE-100 share index breached psychological barrier of 19,000 on Thursday to close at historic high of 19,034.53 points against 18,982.42 points Tuesday. The local bourse witnessed bullish trend and gained 52.11 points
Published 03 May, 2013 12:00am
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