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Print - 2013-05-15
LME official prices

LME official prices

The following were Monday official prices.
Published 15 May, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (May 14, 2013).
Published 15 May, 2013 12:00am
Musharraf's judicial remand extended till May 28

Musharraf's judicial remand extended till May 28

An Anti-Terrorism Court (ATC) on Tuesday extended the judicial remand of former military ruler Pervez Musharraf in Benazir Bhutto murder case till May 28. While hearing Musharraf's bail application, ATC Judge Chaudhry Habibur Rehman, granted extension in
Published 15 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 Tuesday (May 14, 2013).
Published 15 May, 2013 12:00am
Sherry quits as Ambassador to US

Sherry quits as Ambassador to US

Pakistan's Ambassador to the United States, Sherry Rehman, has tendered resignation from his office. She had replaced Hussain Haqqani in November 2011 after he resigned from the post over the secret memo scandal. Sherry Rehman sent her resignation to the
Published 15 May, 2013 12:00am
Seven missing persons' case: Supreme Court seeks copies of trial record

Seven missing persons' case: Supreme Court seeks copies of trial record

The Supreme Court on Tuesday sought attested copies of the trial record from authorities concerned relating to seven missing persons from outside the Adiala Jail, currently in protective custody in Peshawar and Haripur prisons. Resuming the hearing, a thr
Published 15 May, 2013 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (May 14, 2013).
Published 15 May, 2013 12:00am
Pakistan urges efforts to resolve conflicts in Africa

Pakistan urges efforts to resolve conflicts in Africa

Pakistan called for intensifying efforts to resolve long festering conflicts and crises in Africa that spawn terrorism and to prevent the continent from becoming an "epicentre" of the scourge. "Africa is the new frontier for international terrorism and ri
Published 15 May, 2013 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Tuesday (May 14, 2013) and for Wednesday (May 15, 2013).
Published 15 May, 2013 12:00am
Laptops distributed among talented students

Laptops distributed among talented students

Vice Chancellor University of Science & Technology Bannu Professor Dr Abdur Rahim has urged upon the students to fully concentrate on their education and during free time participate in constructive activities. Addressing a laptop distribution ceremony he
Published 15 May, 2013 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (May 14, 2013).
Published 15 May, 2013 12:00am
Chinese premier to address Senate

Chinese premier to address Senate

Chinese Prime Minister Li Keqiang‚ who is arriving in Islamabad on May 22‚ would address Senate session. PML-N President Mian Nawaz Sharif will call on the Chinese premier. It will be the first visit of Li Keqiang to Pakistan after assuming the office. It
Published 15 May, 2013 12:00am
Training workshop on HR, gender equality in society concludes

Training workshop on HR, gender equality in society concludes

Three-day training workshop on promoting Human Rights and Gender Equality in society concluded here on Tuesday inculcating analytical skills for evaluating programs related to gender equality. The workshop, organised by Women's Organisation for Rights and
Published 15 May, 2013 12:00am
Former Prime Minister fails to appear before NAB investigators

Former Prime Minister fails to appear before NAB investigators

Former prime minister Raja Parvez Asharaf could not appear before investigators of the National Accountability Bureau (NAB) tasked with probing Rs 22 billion Rental Power Project (RPPs) scam on Tuesday because of illness. Sources said that NAB had summone
Published 15 May, 2013 12:00am
LME official prices

LME official prices

The following were Monday official prices.
Published 15 May, 2013 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (May 14, 2013).
Published 15 May, 2013 12:00am
Rangers kill two smugglers at Wagah Border

Rangers kill two smugglers at Wagah Border

Punjab Rangers killed two smugglers attempting to traverse Wagah Border into India. According to the Rangers officials, unusual movements were spotted at Indo-Pak border. The personnel of Punjab Rangers faced armed resistance when they tried to stop the s
Published 15 May, 2013 12:00am
The Weather

The Weather

The weather report on Tuesday (May 14, 2013) and the forecast for Wednesday (May 15, 2013).
Published 15 May, 2013 12:00am
Business community hails ECP services

Business community hails ECP services

Exporters, traders and manufacturers hailed the services of Election Commission of Pakistan (ECP) for holding transparent general elections in the country and lauded the services of Pak Army and Security institutions for maintaining law and order during t
Published 15 May, 2013 12:00am
UNICEF expresses satisfaction over anti-measles drive

UNICEF expresses satisfaction over anti-measles drive

World Health Organisation (WHO) and UNICEF have described the 7-day anti-measles campaign in Lahore as up to international standard which is a matter of satisfaction for Punjab government and health department. Provincial Health Department arranged 3rd pa
Published 15 May, 2013 12:00am
Court refuses to hear former MPA's plea

Court refuses to hear former MPA's plea

Justice Nasir Saeed Sheikh of the Lahore High Court on Tuesday refused to hear the petition of former MPA of PML-Q Seemal Kamran challenging her disqualification by the election commission on the basis of fake degree. The judge referred the petitioner to
Published 15 May, 2013 12:00am
Imran, Javed to retain Mianwali, Multan seats respectively

Imran, Javed to retain Mianwali, Multan seats respectively

Javed Hashmi, President of Pakistan Tehreek-e-Insaf (PTI) has decided to surrender his Rawalpindi seat and will retain the NA-149 (Multan-II). Similarly Imran Khan will retain his Mianwali seat and will surrender other seats, PTI sources told here on Tues
Published 15 May, 2013 12:00am
Fire victims: LDA to pay double amount to bereaved families

Fire victims: LDA to pay double amount to bereaved families

Lahore Development Authority (LDA) has doubled the amount of compensation being paid to the bereaved families of 24 victims of fire incident at LDA Plaza and decided to give Rs 1 million to each of these families. According to a spokesperson on Tuesday, L
Published 15 May, 2013 12:00am
There is shortage of women police stations all over country

There is shortage of women police stations all over country

There is acute shortage of women police stations, as only 19 women police stations exist across the country, which constitute 0.86 percent of the strength of police department. There is not only shortage of women police station in the country, but they ar
Published 15 May, 2013 12:00am
34 independent MPAs-elect from Punjab join PML-N

34 independent MPAs-elect from Punjab join PML-N

As many as 34 independents who emerged victorious from different constituencies of the Punjab Assembly in May 11 general elections have announced their decision to join Pakistan Muslim League- Nawaz (PML-N). Although the PML-N does not require any support
Published 15 May, 2013 12:00am
'IT knowledge has prime importance in today's world'

'IT knowledge has prime importance in today's world'

In today's world, IT knowledge is of prime importance as it not only unlocks the doors of progress and prosperity but also provides a chance to get access to global opportunities. Lahore Chamber of Commerce and Industry (LCCI) Vice President Mian Abuzar S
Published 15 May, 2013 12:00am
14 women elected to NA, PA seats in general election

14 women elected to NA, PA seats in general election

According to unofficial results announced by Election Commission of Pakistan, 14 women were successful in May 11 general elections 2013 by winning five National and nine provincial assembles seats. Women, who reached in National Assembly, included Sumaira
Published 15 May, 2013 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (May 14, 2013).
Published 15 May, 2013 12:00am
Imran to appeal for partial vote recount

Imran to appeal for partial vote recount

Chairman, Pakistan Tehrik-e-Insaf, Imran Khan said Tuesday he planned to request a partial recount on Tuesday, while a local election observer group said some polling stations saw higher turnouts than the number of eligible voters. "Today we will demand a
Published 15 May, 2013 12:00am
Reports about NAB chief's removal rebuffed

Reports about NAB chief's removal rebuffed

National Accountability Bureau (NAB) would present an immediate and long-term action plan to the new government for ownership and full support in its anti-corruption efforts. This was stated by spokesman NAB while responding to media queries regarding fut
Published 15 May, 2013 12:00am
Watto resigns from PPP leadership

Watto resigns from PPP leadership

Resignations from the PPP leadership continued for second consecutive day. The PPP leadership Mian Manzoor Wattoo resigned as President PPP Punjab after party's failure in general elections. Wattoo has reportedly sent his resignation to the party chairman
Published 15 May, 2013 12:00am
PPAF campaign to prevent measles from today

PPAF campaign to prevent measles from today

Keeping in view the outbreak of measles and necessary preventive measures in Sindh, the Pakistan Poverty Alleviation Fund (PPAF) is airing public service messages aimed at sensitising communities about the importance of immunisation, timely diagnosis and
Published 15 May, 2013 12:00am
THE RUPEE: firm trend

THE RUPEE: firm trend

Stable trend was witnessed on the money market on Tuesday as the rupee managed to move in a cautious way following the expectations for economic recovery, particularly law and order situation in the country after general election 2013, dealers said.
Published 15 May, 2013 12:00am
Customs duty constitutes 12 percent of all taxes: FBR

Customs duty constitutes 12 percent of all taxes: FBR

Despite large scale tariff rationalisation, customs duty is still one of the significant sources of collection of federal taxes during 2012-2013, according to FBR's quarterly review issued here on Tuesday. The remarkable performance of the customs departm
Published 15 May, 2013 12:00am
THE RUPEE: firm trend

THE RUPEE: firm trend

Stable trend was witnessed on the money market on Tuesday as the rupee managed to move in a cautious way following the expectations for economic recovery, particularly law and order situation in the country after general election 2013, dealers said.
Published 15 May, 2013 12:00am
Recruitment of wireless operators in progress

Recruitment of wireless operators in progress

The process of recruitment of wireless operators in Sindh police is going ahead. A police spokesman said here on Tuesday that the written examination of those candidates who have cleared the physical fitness test, would be conducted on May 18.
Published 15 May, 2013 12:00am
Pakistan should build pressure on UN resolutions on IHK: Gilani

Pakistan should build pressure on UN resolutions on IHK: Gilani

Indian occupied Kashmir, veteran Kashmiri Hurriyet leader, Syed Ali Gilani has expressed the confidence that Pakistan would use its influence to build pressure on India for implementation of the UN resolutions on Kashmir, which guarantee right to self-det
Published 15 May, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (May 14, 2013).
Published 15 May, 2013 12:00am
US Navy makes aviation history with carrier drone launch

US Navy makes aviation history with carrier drone launch

The US Navy made aviation history on Tuesday by launching an unmanned jet off an aircraft carrier for the first time, taking an important step toward expanded use of drones by the American military with an eye on possible rivals like China and Iran.
Published 15 May, 2013 12:00am
Lloyds Chairman Bischoff stands down as government sale looms

Lloyds Chairman Bischoff stands down as government sale looms

Lloyds Banking Group Plc Chairman Win Bischoff is to retire in the next year, handing the reins to a successor who must steer it through a potentially risky multi-billion pound government share sale. Bischoff, 72, has overseen a restructuring and return t
Published 15 May, 2013 12:00am
Dish plans debt sale to fund Sprint offer

Dish plans debt sale to fund Sprint offer

Dish Network Corp said on Tuesday it will sell $2.5 billion in debt to help fund a $25 billion bid for Sprint Nextel Corp, and that it believes it has answered all questions posed by a special committee of Sprint's board. Satellite TV service Dish said it
Published 15 May, 2013 12:00am
Dish plans debt sale to fund Sprint offer

Dish plans debt sale to fund Sprint offer

Dish Network Corp said on Tuesday it will sell $2.5 billion in debt to help fund a $25 billion bid for Sprint Nextel Corp, and that it believes it has answered all questions posed by a special committee of Sprint's board. Satellite TV service Dish said it
Published 15 May, 2013 12:00am
HSBC boss can do more to cut bank down to size

HSBC boss can do more to cut bank down to size

HSBC's sale of a stake in a Korean insurer last month was made with little fanfare, just one of 52 deals struck or businesses closed in the last two years by Chief Executive Stuart Gulliver, and analysts are expecting more. With less than a year left of h
Published 15 May, 2013 12:00am
'A friendly match' Election Outlook-XIV

'A friendly match' Election Outlook-XIV

What is a friendly match? According to Wikipedia, a friendly game or an exhibition match is a sporting event "in which there is no competitive value of any significant kind to any competitor (such as tournament or season rankings, or prize money) regardle
Published 15 May, 2013 12:00am
Guwar prices down on grain market

Guwar prices down on grain market

Guwar prices were lower on the wholesale grain market on Tuesday in the process of sluggish business as participants were moving cautiously after general election in the country, dealers said. On the cereals side, Guwar fell sharply by Rs 500 to Rs 10000-
Published 15 May, 2013 12:00am
'A friendly match' Election Outlook-XIV

'A friendly match' Election Outlook-XIV

What is a friendly match? According to Wikipedia, a friendly game or an exhibition match is a sporting event "in which there is no competitive value of any significant kind to any competitor (such as tournament or season rankings, or prize money) regardle
Published 15 May, 2013 12:00am
Wholesale, retail sector: FBR eyes Rs 15 billion

Wholesale, retail sector: FBR eyes Rs 15 billion

The Federal Board of Revenue (FBR) has estimated Rs 15 billion as minimum income tax collection from the retail sector if existing 1.5 million wholesalers and retailers pay an average tax of Rs 10,000 per annum. An FBR report issued here on Tuesday reveal
Published 15 May, 2013 12:00am
Dullness persists on cotton market

Dullness persists on cotton market

Mills and spinners retained on the sidelines on the cotton market amid rising expectations by the new government, dealers said. The official spot rate was unchanged at Rs 6,450, they said. Market sources said that in fact there was demand from any side. I
Published 15 May, 2013 12:00am
Wholesale, retail sector: FBR eyes Rs 15 billion

Wholesale, retail sector: FBR eyes Rs 15 billion

The Federal Board of Revenue (FBR) has estimated Rs 15 billion as minimum income tax collection from the retail sector if existing 1.5 million wholesalers and retailers pay an average tax of Rs 10,000 per annum. An FBR report issued here on Tuesday reveal
Published 15 May, 2013 12:00am
Oil cake market rates

Oil cake market rates

The May vaida was higher and the July vaisa was unchanged on the forward cottonseeds oilcake market on Tuesday in process of trading, dealers said. The May vaida ended at Rs 908.70, they said. But it improved with a gain of 20 pasia change in the beginnin
Published 15 May, 2013 12:00am
Wholesale, retail sector: FBR eyes Rs 15 billion

Wholesale, retail sector: FBR eyes Rs 15 billion

The Federal Board of Revenue (FBR) has estimated Rs 15 billion as minimum income tax collection from the retail sector if existing 1.5 million wholesalers and retailers pay an average tax of Rs 10,000 per annum. An FBR report issued here on Tuesday reveal
Published 15 May, 2013 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 74,470 tonnes of cargo comprising 62,738 tonnes of import cargo and 11,732 tonnes of export cargo including 1,431 loaded and empty containers during the last 24 hours ended at 0700 hours on Tuesday. The total import cargo of 62,73
Published 15 May, 2013 12:00am
Turkey terminates decades of IMF debt

Turkey terminates decades of IMF debt

Turkey has paid off all debt owed to the IMF which extended its first loans more than 50 years ago, and is now set to contribute to the Fund's operations, owing to economic growth that gave a priority to the private sector, Turkish officials said on Tuesd
Published 15 May, 2013 12:00am
India's April palm oil imports down

India's April palm oil imports down

India's palm oil imports declined for a third straight month in April, a trade body said, as refiners in the world's biggest buyer used stocks and processed the new rapeseed harvest. But India, the world's largest importer of edible oils, is still on trac
Published 15 May, 2013 12:00am
Turkey terminates decades of IMF debt

Turkey terminates decades of IMF debt

Turkey has paid off all debt owed to the IMF which extended its first loans more than 50 years ago, and is now set to contribute to the Fund's operations, owing to economic growth that gave a priority to the private sector, Turkish officials said on Tuesd
Published 15 May, 2013 12:00am
'Soyabean importers to rely more on South America'

'Soyabean importers to rely more on South America'

Major importers of soyabeans will rely on increasing volumes from South America in the next six months as exports from the US slow down because of lower stocks, Oil World said on Tuesday. The German analyst said higher US exports between September 2012 an
Published 15 May, 2013 12:00am
Turkey terminates decades of IMF debt

Turkey terminates decades of IMF debt

Turkey has paid off all debt owed to the IMF which extended its first loans more than 50 years ago, and is now set to contribute to the Fund''s operations, owing to economic growth that gave a priority to the private sector, Turkish officials said on Tues
Published 15 May, 2013 12:00am
EU wheat prices edge higher on world weather risks

EU wheat prices edge higher on world weather risks

European wheat futures rose for a second straight session on Tuesday as weather risks in major producing countries countered pressure from an expected rise in world grain supply this year. November milling wheat on the benchmark Paris futures market was u
Published 15 May, 2013 12:00am
Nawaz, Imran agree to establish good relations

Nawaz, Imran agree to establish good relations

The Prime Minister-in-waiting Nawaz Sharif and the rising star of opposition PTI Imran Khan have agreed to develop good working relationship to resolve the country's daunting economic, security, internal and external problems.
Published 15 May, 2013 12:00am
Black Sea grain yield to suffer if no rain soon

Black Sea grain yield to suffer if no rain soon

Dry weather in Russia and Ukraine is raising the risk of damage to Black Sea grain crop yields unless rains come in the next few days, analysts and forecasters said, adding to pressure on the region's plans to boost its harvest this year. Russia, Ukraine
Published 15 May, 2013 12:00am
Nawaz, Imran agree to establish good relations

Nawaz, Imran agree to establish good relations

The Prime Minister-in-waiting Nawaz Sharif and the rising star of opposition PTI Imran Khan have agreed to develop good working relationship to resolve the country's daunting economic, security, internal and external problems.
Published 15 May, 2013 12:00am
Chinese soya output to drop 3.9 percent

Chinese soya output to drop 3.9 percent

Chinese production of soya will drop 3.9 percent this year in its third straight annual fall, boosting imports by the world's top-buyer of the oilseed, an official think tank said on Tuesday. Limited farmland has constrained the growth of domestic agricul
Published 15 May, 2013 12:00am
PPPP decides to invite MQM to join Sindh government

PPPP decides to invite MQM to join Sindh government

Pakistan People's Party Parliamentarian (PPPP) has decided to invite Muttahida Qaumi Movement (MQM) to join it in the provincial government of Sindh. In this regard, a PPPP delegation will visit Nine Zero Wednesday or Thursday, Business Recorder le
Published 15 May, 2013 12:00am
Indian sugar futures rise due to summer demand

Indian sugar futures rise due to summer demand

Indian sugar futures rose on Monday due to some improvement in demand from bulk consumers such as soft drink and ice-cream makers, but higher supplies capped gains. The key June contract on the National Commodity and Derivatives Exchange was up 0.1 percen
Published 15 May, 2013 12:00am
PPPP decides to invite MQM to join Sindh government

PPPP decides to invite MQM to join Sindh government

Pakistan People's Party Parliamentarian (PPPP) has decided to invite Muttahida Qaumi Movement (MQM) to join it in the provincial government of Sindh. In this regard, a PPPP delegation will visit Nine Zero Wednesday or Thursday, Business Recorder le
Published 15 May, 2013 12:00am
Dismal first half revenue performance: economic slowdown blamed

Dismal first half revenue performance: economic slowdown blamed

While officially admitting downward revision in revenue collection target (2012-13), the Federal Board of Revenue (FBR) on Tuesday said that the lower than expected revenue performance of tax machinery during first half (July-December) of 2012-13 reflects
Published 15 May, 2013 12:00am
New York cotton

New York cotton

Tuesday's closing prices of New York cotton in US cents/lb.
Published 15 May, 2013 12:00am
Dismal first half revenue performance: economic slowdown blamed

Dismal first half revenue performance: economic slowdown blamed

While officially admitting downward revision in revenue collection target (2012-13), the Federal Board of Revenue (FBR) on Tuesday said that the lower than expected revenue performance of tax machinery during first half (July-December) of 2012-13 reflects
Published 15 May, 2013 12:00am
New York cotton

New York cotton

Tuesday's closing prices of New York cotton in US cents/lb.
Published 15 May, 2013 12:00am
Dismal first half revenue performance: economic slowdown blamed

Dismal first half revenue performance: economic slowdown blamed

While officially admitting downward revision in revenue collection target (2012-13), the Federal Board of Revenue (FBR) on Tuesday said that the lower than expected revenue performance of tax machinery during first half (July-December) of 2012-13 reflects
Published 15 May, 2013 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 15 May, 2013 12:00am
Dismal first half revenue performance: economic slowdown blamed

Dismal first half revenue performance: economic slowdown blamed

While officially admitting downward revision in revenue collection target (2012-13), the Federal Board of Revenue (FBR) on Tuesday said that the lower than expected revenue performance of tax machinery during first half (July-December) of 2012-13 reflects
Published 15 May, 2013 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 15 May, 2013 12:00am
WHT collection from salary down 9.6 percent

WHT collection from salary down 9.6 percent

The withholding tax collection from salary witnessed a sharp decline from Rs 23,723 million during first half of 2011-12 to Rs 21,451 million in July-December of 2012-13, reflecting a decline of 9.6 percent. As per FBR's report issued on Tuesday, the decl
Published 15 May, 2013 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (May 14, 2013).
Published 15 May, 2013 12:00am
WHT collection from salary down 9.6 percent

WHT collection from salary down 9.6 percent

The withholding tax collection from salary witnessed a sharp decline from Rs 23,723 million during first half of 2011-12 to Rs 21,451 million in July-December of 2012-13, reflecting a decline of 9.6 percent. As per FBR's report issued on Tuesday, the decl
Published 15 May, 2013 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Tuesday (May 14, 2013).
Published 15 May, 2013 12:00am
WHT collection from salary down 9.6 percent

WHT collection from salary down 9.6 percent

The withholding tax collection from salary witnessed a sharp decline from Rs 23,723 million during first half of 2011-12 to Rs 21,451 million in July-December of 2012-13, reflecting a decline of 9.6 percent. As per FBR''s report issued on Tuesday, the dec
Published 15 May, 2013 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Tuesday (May 14, 2013).
Published 15 May, 2013 12:00am
10 major revenue spinners contributed 80 percent of ST (domestic)

10 major revenue spinners contributed 80 percent of ST (domestic)

The 10 major revenue spinners contributed 80 percent of sales tax (domestic) during first half (July-December) of 2012-13 including POL products, natural gas, telecom services, fertiliser, cigarettes, beverages, sugar, cement electricity and tea.
Published 15 May, 2013 12:00am