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Print - 2013-05-14
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 3rd May, 2013

Published 14 May, 2013 12:00am
Most of corruption-tainted politicians defeated

Most of corruption-tainted politicians defeated

Most of the corruption-tainted politicians including two former Prime Ministers have been shown the door in the general elections with the exception of President Pakistan Peoples Party Parliamentarians (PPPP), Makhdoom Amin Fahim, who has returned to the
Published 14 May, 2013 12:00am
Most of corruption-tainted politicians defeated

Most of corruption-tainted politicians defeated

Most of the corruption-tainted politicians including two former Prime Ministers have been shown the door in the general elections with the exception of President Pakistan Peoples Party Parliamentarians (PPPP), Makhdoom Amin Fahim, who has returned to the
Published 14 May, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (May 13, 2013).

Published 14 May, 2013 12:00am
CE TDAP's contract terminated

CE TDAP's contract terminated

The Ministry of Commerce has terminated the contract of Chief Executive Trade Development Authority of Pakistan (TDAP) Abid Javed Akbar effective May 15, 2013, well informed sources told Business Recorder on Monday. "I confirm that the contract of
Published 14 May, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (May 13, 2013).

Published 14 May, 2013 12:00am
CE TDAP's contract terminated

CE TDAP's contract terminated

The Ministry of Commerce has terminated the contract of Chief Executive Trade Development Authority of Pakistan (TDAP) Abid Javed Akbar effective May 15, 2013, well informed sources told Business Recorder on Monday. "I confirm that the contract of
Published 14 May, 2013 12:00am
Kerry hoping to visit Pakistan soon

Kerry hoping to visit Pakistan soon

US Secretary of State John Kerry is hoping to visit Pakistan soon, once the new government of incoming Prime Minister Nawaz Sharif is in place, a US official said Monday. The two men already spoke on the phone on Sunday, when the top US diplomat called Sh
Published 14 May, 2013 12:00am
Kerry hoping to visit Pakistan soon

Kerry hoping to visit Pakistan soon

US Secretary of State John Kerry is hoping to visit Pakistan soon, once the new government of incoming Prime Minister Nawaz Sharif is in place, a US official said Monday. The two men already spoke on the phone on Sunday, when the top US diplomat called Sh
Published 14 May, 2013 12:00am
THE RUPEE: slight fall

THE RUPEE: slight fall

The rupee drifted slightly lower against the dollar on the currency market on Monday amid post-election season, dealers said. Thank God, the general election 2013 held in the country. It is highly expected that the new government will prove itself better
Published 14 May, 2013 12:00am
Punjab Governor resigns

Punjab Governor resigns

Punjab Governor Makhdoom Ahmed Mahmood on Monday moved his resignation to President Asif Ali Zardari and hoped that President would accept it. Addressing a news conference at the Governor's house Mahmood said "I have forwarded my resignation to President
Published 14 May, 2013 12:00am
THE RUPEE: slight fall

THE RUPEE: slight fall

The rupee drifted slightly lower against the dollar on the currency market on Monday amid post-election season, dealers said. Thank God, the general election 2013 held in the country. It is highly expected that the new government will prove itself better
Published 14 May, 2013 12:00am
Punjab Governor resigns

Punjab Governor resigns

Punjab Governor Makhdoom Ahmed Mahmood on Monday moved his resignation to President Asif Ali Zardari and hoped that President would accept it. Addressing a news conference at the Governor's house Mahmood said "I have forwarded my resignation to President
Published 14 May, 2013 12:00am
Lifetime ban for Berlusconi requested at sex trial

Lifetime ban for Berlusconi requested at sex trial

Italian prosecutors on Monday called for former prime minister Silvio Berlusconi to be banned from politics forever and serve six years in prison for having sex with an underage prostitute and abusing his official powers. "There is no doubt that Silvio Be
Published 14 May, 2013 12:00am
Obama emphasises importance of greater Pak-Afghan dialogue

Obama emphasises importance of greater Pak-Afghan dialogue

President Barack Obama on Monday underscored the importance of greater dialogue between Pakistan and Afghanistan, describing it as critical to regional security. "I want to commend (Prime Minister) David (Cameron) for his efforts to encourage greater dial
Published 14 May, 2013 12:00am
Afghan Taliban support polio vaccination campaign

Afghan Taliban support polio vaccination campaign

Afghan Taliban on Monday announced they would support polio vaccinations, but warned foreigners not to participate in the campaigns. The insurgents said they supported all programs "which work for the healthcare of the helpless people of our country."
Published 14 May, 2013 12:00am
Kuwait's MPs file to grill oil minister over Dow Chemical penalty

Kuwait's MPs file to grill oil minister over Dow Chemical penalty

Three Kuwaiti lawmakers on Monday requested to question Oil Minister Hani Hussein over the payment of a $2.2-billion penalty to Dow Chemical after the emirate pulled out of a deal with the US firm. Saadun Hammad, Nasser al-Marri and Yacoub al-Sane also ch
Published 14 May, 2013 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Monday (May 13, 2013).

Published 14 May, 2013 12:00am
Most Latvians oppose joining eurozone: poll

Most Latvians oppose joining eurozone: poll

A majority of Latvians oppose their government's drive to join the eurozone this coming January, an opinion poll in the EU Baltic state showed on Monday. Sixty-two percent of respondents do not favour the currency switch, compared to 36 percent who said t
Published 14 May, 2013 12:00am
Bugs are food of the future: UN agency

Bugs are food of the future: UN agency

Beetles, caterpillars and wasps could supplement diets around the world as an environmentally friendly food source if only Western consumers could get over their "disgust", the UN's Food and Agriculture Organisation (FAO) said on Monday. "The main message
Published 14 May, 2013 12:00am
Bulls strengthen at ISE

Bulls strengthen at ISE

Equities moved in upward direction at the first post-election rally at the Islamabad Stock Exchange (ISE) where bulls strengthened their positions with increase in prices of all star performer shares amid increase in index. ISE Ten Index showed an improve
Published 14 May, 2013 12:00am
Bulls strengthen at ISE

Bulls strengthen at ISE

Equities moved in upward direction at the first post-election rally at the Islamabad Stock Exchange (ISE) where bulls strengthened their positions with increase in prices of all star performer shares amid increase in index. ISE Ten Index showed an improve
Published 14 May, 2013 12:00am
LSE equities register gains

LSE equities register gains

Bullish sentiments prevailed on the Lahore Stock Exchange on Monday and the equities registered gains amid improved trading turnover. The LSE-25 index gained 38.44 points to close at 4195.04 against 4156.60 of last Friday while trading turnover was increa
Published 14 May, 2013 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 14 May, 2013 12:00am
LSE equities register gains

LSE equities register gains

Bullish sentiments prevailed on the Lahore Stock Exchange on Monday and the equities registered gains amid improved trading turnover. The LSE-25 index gained 38.44 points to close at 4195.04 against 4156.60 of last Friday while trading turnover was increa
Published 14 May, 2013 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 14 May, 2013 12:00am
Tackling energy crisis: PML-N government may merge ministries

Tackling energy crisis: PML-N government may merge ministries

Pakistan Muslim League Nawaz (PML-N) is likely to integrate the Ministry of Water and Power and the Ministry of Petroleum and Natural Resources into one ministry to be named as Ministry for Energy and Natural Resources. A senior PML-N member told Busin
Published 14 May, 2013 12:00am
Tackling energy crisis: PML-N government may merge ministries

Tackling energy crisis: PML-N government may merge ministries

Pakistan Muslim League Nawaz (PML-N) is likely to integrate the Ministry of Water and Power and the Ministry of Petroleum and Natural Resources into one ministry to be named as Ministry for Energy and Natural Resources. A senior PML-N member told Busin
Published 14 May, 2013 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 14 May, 2013 12:00am
Tackling energy crisis: PML-N government may merge ministries

Tackling energy crisis: PML-N government may merge ministries

Pakistan Muslim League Nawaz (PML-N) is likely to integrate the Ministry of Water and Power and the Ministry of Petroleum and Natural Resources into one ministry to be named as Ministry for Energy and Natural Resources. A senior PML-N member told Busin
Published 14 May, 2013 12:00am
BRIndex30 gains 188.82 points

BRIndex30 gains 188.82 points

On Mon-day, BRIndex30 opened at 12,732.51 and closed at 12,921.33 with a net positive change of 188.82 points or 1.48 percent higher than previous close. Total Volume was 185,988,400 which was 66.36 percent of All Share Volume and 98.4 percent of KSE 100
Published 14 May, 2013 12:00am
BRIndex30 gains 188.82 points

BRIndex30 gains 188.82 points

On Mon-day, BRIndex30 opened at 12,732.51 and closed at 12,921.33 with a net positive change of 188.82 points or 1.48 percent higher than previous close. Total Volume was 185,988,400 which was 66.36 percent of All Share Volume and 98.4 percent of KSE 100
Published 14 May, 2013 12:00am
Index hits historic high

Index hits historic high

On the smooth holding of May 11 polls, Karachi Stock Exchange (KSE) Monday witnessed bull-run and the benchmark 100 share index breached another psychological barrier to close at 20,244.82 from 19,916.27 points Friday. The local bourse opened in green zon
Published 14 May, 2013 12:00am
Index hits historic high

Index hits historic high

On the smooth holding of May 11 polls, Karachi Stock Exchange (KSE) Monday witnessed bull-run and the benchmark 100 share index breached another psychological barrier to close at 20,244.82 from 19,916.27 points Friday. The local bourse opened in green zon
Published 14 May, 2013 12:00am
Index hits historic high

Index hits historic high

On the smooth holding of May 11 polls, Karachi Stock Exchange (KSE) Monday witnessed bull-run and the benchmark 100 share index breached another psychological barrier to close at 20,244.82 from 19,916.27 points Friday. The local bourse opened in green zon
Published 14 May, 2013 12:00am
British Prime Minister praises PML-N chief for economic aims

British Prime Minister praises PML-N chief for economic aims

British Prime Minister David Cameron on Monday congratulated incoming premier Nawaz Sharif on his resounding election victory and praised his commitment to economic reform. Cameron broke off from a trip to Washington to speak to Sharif on the telephone an
Published 14 May, 2013 12:00am
British Prime Minister praises PML-N chief for economic aims

British Prime Minister praises PML-N chief for economic aims

British Prime Minister David Cameron on Monday congratulated incoming premier Nawaz Sharif on his resounding election victory and praised his commitment to economic reform. Cameron broke off from a trip to Washington to speak to Sharif on the telephone an
Published 14 May, 2013 12:00am
Former Prime Minister reaches out to US, India after win

Former Prime Minister reaches out to US, India after win

Pakistan's incoming prime minister Nawaz Sharif on Monday reached out to India and the United States, pledging to strengthen relations after his thumping victory in landmark elections. Sharif promised Pakistan's "full support" as the United States withdra
Published 14 May, 2013 12:00am
Former Prime Minister reaches out to US, India after win

Former Prime Minister reaches out to US, India after win

Pakistan's incoming prime minister Nawaz Sharif on Monday reached out to India and the United States, pledging to strengthen relations after his thumping victory in landmark elections. Sharif promised Pakistan's "full support" as the United States withdra
Published 14 May, 2013 12:00am
Zardari greets Nawaz

Zardari greets Nawaz

President Asif Ali Zardari on Monday telephoned to PML-N chief Nawaz Sharif and felicitated him on his party's victory in the general elections. President Zardari said that the PML-N's victory would strengthen democracy. He hoped that Nawaz Sharif would c
Published 14 May, 2013 12:00am
Zardari greets Nawaz

Zardari greets Nawaz

President Asif Ali Zardari on Monday telephoned to PML-N chief Nawaz Sharif and felicitated him on his party's victory in the general elections. President Zardari said that the PML-N's victory would strengthen democracy. He hoped that Nawaz Sharif would c
Published 14 May, 2013 12:00am
Gilani resigns as PPP vice Chairman

Gilani resigns as PPP vice Chairman

Former Prime Minister Yousuf Raza Gilani on Monday resigned as Vice Chairman of Pakistan People's Party (PPP) over what he described as his failure to give satisfactory performance for the party in Multan. He said that all political parties were part of t
Published 14 May, 2013 12:00am
Gilani resigns as PPP vice Chairman

Gilani resigns as PPP vice Chairman

Former Prime Minister Yousuf Raza Gilani on Monday resigned as Vice Chairman of Pakistan People's Party (PPP) over what he described as his failure to give satisfactory performance for the party in Multan. He said that all political parties were part of t
Published 14 May, 2013 12:00am
Polls outcome augments stability: S&P

Polls outcome augments stability: S&P

Standard and Poor's Ratings Services said on Monday that Pakistan's parliamentary election results set the stage for longer-term stability of our 'B-' sovereign credit rating on the country. Partial results from the elections held on May 11 indicate a str
Published 14 May, 2013 12:00am
Polls outcome augments stability: S&P

Polls outcome augments stability: S&P

Standard and Poor's Ratings Services said on Monday that Pakistan's parliamentary election results set the stage for longer-term stability of our 'B-' sovereign credit rating on the country. Partial results from the elections held on May 11 indicate a str
Published 14 May, 2013 12:00am
We''re determined to make Pakistan ''Asian tiger'': Nawaz

We''re determined to make Pakistan ''Asian tiger'': Nawaz

Pakistan Muslim League-Nawaz (PML-N) President Mian Nawaz Sharif Monday said PML-N has evolved a comprehensive programme for the well-being of people and economic revival was our top priority. Talking to foreign media correspondents at his Raiwind residen
Published 14 May, 2013 12:00am
We're determined to make Pakistan 'Asian tiger': Nawaz

We're determined to make Pakistan 'Asian tiger': Nawaz

Pakistan Muslim League-Nawaz (PML-N) President Mian Nawaz Sharif Monday said PML-N has evolved a comprehensive programme for the well-being of people and economic revival was our top priority. Talking to foreign media correspondents at his Raiwind residen
Published 14 May, 2013 12:00am
We're determined to make Pakistan 'Asian tiger': Nawaz

We're determined to make Pakistan 'Asian tiger': Nawaz

Pakistan Muslim League-Nawaz (PML-N) President Mian Nawaz Sharif Monday said PML-N has evolved a comprehensive programme for the well-being of people and economic revival was our top priority. Talking to foreign media correspondents at his Raiwind residen
Published 14 May, 2013 12:00am
A shot in the arm: Election Outlook-XIII

A shot in the arm: Election Outlook-XIII

Standard & Poor's Ratings Services' comment on the 2013 general election in Pakistan is expected to provide the shot in the arm that the economy badly needs. This welcome development has taken place when the country's economy is finding it extremely diffi
Published 14 May, 2013 12:00am
A shot in the arm: Election Outlook-XIII

A shot in the arm: Election Outlook-XIII

Standard & Poor's Ratings Services' comment on the 2013 general election in Pakistan is expected to provide the shot in the arm that the economy badly needs. This welcome development has taken place when the country's economy is finding it extremely diffi
Published 14 May, 2013 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (May 13, 2013).
Published 14 May, 2013 12:00am