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Print - 2013-05-31
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 31 May, 2013 12:00am
Building materials: input tax adjustment not allowed: FBR

Building materials: input tax adjustment not allowed: FBR

The Federal Board of Revenue has disallowed sales tax adjustment on building materials - cement, bricks, furniture, electrical/gas appliances, wire/cables and other items. In this regard, the FBR has amended SRO.490(I)/2004 through an SRO.450(I)/2013 issu
Published 31 May, 2013 12:00am
LHC verdict vindicates Nishat Group''s plea

LHC verdict vindicates Nishat Group''s plea

The Lahore High Court (LHC) is reported to have upheld Nishat Group''s (of Mian Mansha) contention that SBP rules requiring majority share owners of banks to lodge their shares with the central bank in a blocked account did not apply on MCB Bank Ltd. Issu
Published 31 May, 2013 12:00am
LHC verdict vindicates Nishat Group's plea

LHC verdict vindicates Nishat Group's plea

The Lahore High Court (LHC) is reported to have upheld Nishat Group's (of Mian Mansha) contention that SBP rules requiring majority share owners of banks to lodge their shares with the central bank in a blocked account did not apply on MCB Bank Ltd. Issui
Published 31 May, 2013 12:00am
LHC verdict vindicates Nishat Group's plea

LHC verdict vindicates Nishat Group's plea

The Lahore High Court (LHC) is reported to have upheld Nishat Group's (of Mian Mansha) contention that SBP rules requiring majority share owners of banks to lodge their shares with the central bank in a blocked account did not apply on MCB Bank Ltd. Issui
Published 31 May, 2013 12:00am
UN expert demands freeze on robot weapons

UN expert demands freeze on robot weapons

The international community must impose a moratorium on robot weapons which can make their own decision to kill, a UN expert told the world body's top human rights forum Thursday, warning that they could enable war crimes to go unpunished. "Human rights r
Published 31 May, 2013 12:00am
UN expert demands freeze on robot weapons

UN expert demands freeze on robot weapons

The international community must impose a moratorium on robot weapons which can make their own decision to kill, a UN expert told the world body's top human rights forum Thursday, warning that they could enable war crimes to go unpunished. "Human rights r
Published 31 May, 2013 12:00am
Bank of Punjab scam: Counsel asked to file fresh report

Bank of Punjab scam: Counsel asked to file fresh report

The Supreme Court on Thursday sought a fresh report from the counsel for Bank of the Punjab on Rs 38 billion restructured accounts in 10 days. Resuming the hearing of multi-billion rupee Bank of Punjab scam case a three-judge bench led by Chief Justice If
Published 31 May, 2013 12:00am
Bank of Punjab scam: Counsel asked to file fresh report

Bank of Punjab scam: Counsel asked to file fresh report

The Supreme Court on Thursday sought a fresh report from the counsel for Bank of the Punjab on Rs 38 billion restructured accounts in 10 days. Resuming the hearing of multi-billion rupee Bank of Punjab scam case a three-judge bench led by Chief Justice If
Published 31 May, 2013 12:00am
Bank of Punjab scam: Counsel asked to file fresh report

Bank of Punjab scam: Counsel asked to file fresh report

The Supreme Court on Thursday sought a fresh report from the counsel for Bank of the Punjab on Rs 38 billion restructured accounts in 10 days. Resuming the hearing of multi-billion rupee Bank of Punjab scam case a three-judge bench led by Chief Justice If
Published 31 May, 2013 12:00am
Appointments in SECP: MoF asked to submit report

Appointments in SECP: MoF asked to submit report

Hearing a case regarding illegal appointments and transfers effected by previous regime in the last month of its tenure, a two-member bench led by Justice Jawwad S Khawaja issued directives to finance ministry to submit a comprehensive report regarding se
Published 31 May, 2013 12:00am
Appointments in SECP: MoF asked to submit report

Appointments in SECP: MoF asked to submit report

Hearing a case regarding illegal appointments and transfers effected by previous regime in the last month of its tenure, a two-member bench led by Justice Jawwad S Khawaja issued directives to finance ministry to submit a comprehensive report regarding se
Published 31 May, 2013 12:00am
Appointments in SECP: MoF asked to submit report

Appointments in SECP: MoF asked to submit report

Hearing a case regarding illegal appointments and transfers effected by previous regime in the last month of its tenure, a two-member bench led by Justice Jawwad S Khawaja issued directives to finance ministry to submit a comprehensive report regarding se
Published 31 May, 2013 12:00am
Threatening letter sent to Obama: US Secret Service

Threatening letter sent to Obama: US Secret Service

Authorities intercepted a threatening letter addressed to US President Barack Obama that was similar to ones sent to New York Mayor Michael Bloomberg, the Secret Service said on Thursday. Letters sent to Bloomberg and his gun control group contained mater
Published 31 May, 2013 12:00am
Threatening letter sent to Obama: US Secret Service

Threatening letter sent to Obama: US Secret Service

Authorities intercepted a threatening letter addressed to US President Barack Obama that was similar to ones sent to New York Mayor Michael Bloomberg, the Secret Service said on Thursday. Letters sent to Bloomberg and his gun control group contained mater
Published 31 May, 2013 12:00am
Nawaz to decide chief minister's name: Bizenjo

Nawaz to decide chief minister's name: Bizenjo

Pakistan Muslim League-Nawaz (PML-N) and its allied parties in Balochistan held a meeting on Thursday and authorised PML-N President Nawaz Sharif to nominate a consensus candidate for the new Chief Minister of the province and an announcement in this rega
Published 31 May, 2013 12:00am
Nawaz to decide chief minister's name: Bizenjo

Nawaz to decide chief minister's name: Bizenjo

Pakistan Muslim League-Nawaz (PML-N) and its allied parties in Balochistan held a meeting on Thursday and authorised PML-N President Nawaz Sharif to nominate a consensus candidate for the new Chief Minister of the province and an announcement in this rega
Published 31 May, 2013 12:00am
US to loosen sanctions on Iran for mobile phones, gadgets

US to loosen sanctions on Iran for mobile phones, gadgets

The United States was set to relax sanctions on Iran on Thursday to allow American companies to sell mobile phones, software and other technology used for personal communications to Iranians, two US officials said. The move, expected later on Thursday, wi
Published 31 May, 2013 12:00am
US to loosen sanctions on Iran for mobile phones, gadgets

US to loosen sanctions on Iran for mobile phones, gadgets

The United States was set to relax sanctions on Iran on Thursday to allow American companies to sell mobile phones, software and other technology used for personal communications to Iranians, two US officials said. The move, expected later on Thursday, wi
Published 31 May, 2013 12:00am
US to loosen sanctions on Iran for mobile phones, gadgets

US to loosen sanctions on Iran for mobile phones, gadgets

The United States was set to relax sanctions on Iran on Thursday to allow American companies to sell mobile phones, software and other technology used for personal communications to Iranians, two US officials said. The move, expected later on Thursday, wi
Published 31 May, 2013 12:00am
Asim appears before NAB investigators

Asim appears before NAB investigators

Dr Asim Hussain, former advisor to the Prime Minister on Petroleum and Natural Resources, on Thursday appeared before National Accountability Bureau (NAB) investigators. A NAB official said that the NAB team investigating Ogra scam asked several questions
Published 31 May, 2013 12:00am
Asim appears before NAB investigators

Asim appears before NAB investigators

Dr Asim Hussain, former advisor to the Prime Minister on Petroleum and Natural Resources, on Thursday appeared before National Accountability Bureau (NAB) investigators. A NAB official said that the NAB team investigating Ogra scam asked several questions
Published 31 May, 2013 12:00am
Asim appears before NAB investigators

Asim appears before NAB investigators

Dr Asim Hussain, former advisor to the Prime Minister on Petroleum and Natural Resources, on Thursday appeared before National Accountability Bureau (NAB) investigators. A NAB official said that the NAB team investigating Ogra scam asked several questions
Published 31 May, 2013 12:00am
Forex reserves up by $190 million

Forex reserves up by $190 million

The country''s foreign exchange reserves have increased by $190 million during last week. With the recent increase, the country''s total foreign exchange reserves surged to $11.624 billion as on May 24, 2013 up from $11.433 billion as on May 17, 2013. Res
Published 31 May, 2013 12:00am
Forex reserves up by $190 million

Forex reserves up by $190 million

The country's foreign exchange reserves have increased by $190 million during last week. With the recent increase, the country's total foreign exchange reserves surged to $11.624 billion as on May 24, 2013 up from $11.433 billion as on May 17, 2013. Reser
Published 31 May, 2013 12:00am
Forex reserves up by $190 million

Forex reserves up by $190 million

The country's foreign exchange reserves have increased by $190 million during last week. With the recent increase, the country's total foreign exchange reserves surged to $11.624 billion as on May 24, 2013 up from $11.433 billion as on May 17, 2013. Reser
Published 31 May, 2013 12:00am
Italy's debt costs rise

Italy's debt costs rise

Italy's long-term borrowing costs edged up at an auction on Thursday for the first time in three months, adding to signs that a 10-month-long rally in vulnerable euro zone bonds may be faltering. They remained well below levels that triggered concern duri
Published 31 May, 2013 12:00am
Karzai denounces Taliban for killing countrymen

Karzai denounces Taliban for killing countrymen

Afghanistan's Taliban are killing Afghans and making a mockery of their claim to be fighting foreign invaders, President Hamid Karzai said on Thursday. A series of attacks in different parts of the country, including areas long considered largely free of
Published 31 May, 2013 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (May 30, 2013).

Published 31 May, 2013 12:00am
Tanzania signs port deal with China Merchants Holdings

Tanzania signs port deal with China Merchants Holdings

Tanzania has signed a framework agreement with China Merchants Holdings (International) Co Ltd for the construction of a new port, special economic zone and railway network that could involve more than $10 billion, the government said.
Published 31 May, 2013 12:00am
Singapore Airlines places $17 billion order

Singapore Airlines places $17 billion order

Singapore Airlines (SIA) announced Thursday it will buy 30 Airbus and 30 Boeing aircraft in an order worth more than $17 billion as it seeks to maintain market leadership using the next-generation fuel-efficient planes. "Singapore Airlines has agreed to o
Published 31 May, 2013 12:00am
ISE index improves by 43.16 points

ISE index improves by 43.16 points

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 43.16 points as the ISE Ten Index move
Published 31 May, 2013 12:00am
ISE index improves by 43.16 points

ISE index improves by 43.16 points

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 43.16 points as the ISE Ten Index move
Published 31 May, 2013 12:00am
Bullish trend prevails on LSE

Bullish trend prevails on LSE

Bullish sentiment continued for another day on the Lahore Stock Exchange on Thursday and the equities registered gains under the lead of oil and energy sector. The LSE-25 index was increased to 4640.63 against 4526.48 of Wednesday, showing a gain of 114.1
Published 31 May, 2013 12:00am
Bullish trend prevails on LSE

Bullish trend prevails on LSE

Bullish sentiment continued for another day on the Lahore Stock Exchange on Thursday and the equities registered gains under the lead of oil and energy sector. The LSE-25 index was increased to 4640.63 against 4526.48 of Wednesday, showing a gain of 114.1
Published 31 May, 2013 12:00am
BRIndex30 gains 269.26 points

BRIndex30 gains 269.26 points

On Thursday, BRIndex30 opened at 13,898.99 and remained positive throughout the trading session. It touched an intraday high of 14,252.73 and an intraday low of 13,989.19 and closed at 14,168.25, which was 269.26 points or 1.94 percent higher than previou
Published 31 May, 2013 12:00am
BRIndex30 gains 269.26 points

BRIndex30 gains 269.26 points

On Thursday, BRIndex30 opened at 13,898.99 and remained positive throughout the trading session. It touched an intraday high of 14,252.73 and an intraday low of 13,989.19 and closed at 14,168.25, which was 269.26 points or 1.94 percent higher than previou
Published 31 May, 2013 12:00am
Volume hits seven-year high

Volume hits seven-year high

Followed by record trading volume, the Karachi share market on Thursday closed on positive note. The benchmark KSE-100 index touched fresh peak of 21,682.06 points during the intraday trading. However, the index could not sustain this level and closed at
Published 31 May, 2013 12:00am
Volume hits seven-year high

Volume hits seven-year high

Followed by record trading volume, the Karachi share market on Thursday closed on positive note. The benchmark KSE-100 index touched fresh peak of 21,682.06 points during the intraday trading. However, the index could not sustain this level and closed at
Published 31 May, 2013 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (May 30, 2013).

Published 31 May, 2013 12:00am
Volume hits seven-year high

Volume hits seven-year high

Followed by record trading volume, the Karachi share market on Thursday closed on positive note. The benchmark KSE-100 index touched fresh peak of 21,682.06 points during the intraday trading. However, the index could not sustain this level and closed at
Published 31 May, 2013 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (May 30, 2013).
Published 31 May, 2013 12:00am
TTP withdraws talks offer after leader killed

TTP withdraws talks offer after leader killed

The Pakistani Taliban on Thursday withdrew their offer of peace talks with the government after confirming the death of their second in command in a US drone strike. Waliur Rehman was killed when an unmanned US aircraft attacked a house in North Wazirista
Published 31 May, 2013 12:00am
TTP withdraws talks offer after leader killed

TTP withdraws talks offer after leader killed

The Pakistani Taliban on Thursday withdrew their offer of peace talks with the government after confirming the death of their second in command in a US drone strike. Waliur Rehman was killed when an unmanned US aircraft attacked a house in North Wazirista
Published 31 May, 2013 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Thursday (May 30, 2013).

Published 31 May, 2013 12:00am
Power ministry seeks Rs 45 billion for optimum power output

Power ministry seeks Rs 45 billion for optimum power output

The Ministry of Water and Power is reported to have sought Rs 45 billion from the Finance Ministry to maintain power generation at an optimum level in June, sources told Business Recorder on Thursday. "We have submitted our plan to the Finance Mini
Published 31 May, 2013 12:00am
Power ministry seeks Rs 45 billion for optimum power output

Power ministry seeks Rs 45 billion for optimum power output

The Ministry of Water and Power is reported to have sought Rs 45 billion from the Finance Ministry to maintain power generation at an optimum level in June, sources told Business Recorder on Thursday. "We have submitted our plan to the Finance Mini
Published 31 May, 2013 12:00am
Power ministry seeks Rs 45 billion for optimum power output

Power ministry seeks Rs 45 billion for optimum power output

The Ministry of Water and Power is reported to have sought Rs 45 billion from the Finance Ministry to maintain power generation at an optimum level in June, sources told Business Recorder on Thursday. "We have submitted our plan to the Finance Mini
Published 31 May, 2013 12:00am
Ogra recommends Rs 2.20 per litre increase in petrol price

Ogra recommends Rs 2.20 per litre increase in petrol price

The Oil and Gas Regulatory Authority (Ogra) on Thursday recommended the government to increase the petrol price by Rs 2.20 per litre and reduce the High Speed Diesel (HSD) price by Rs 1.46 per litre effective from June 1. In a summary forwarded to the Pet
Published 31 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 Thursday (May 30, 2013).

Published 31 May, 2013 12:00am
Ogra recommends Rs 2.20 per litre increase in petrol price

Ogra recommends Rs 2.20 per litre increase in petrol price

The Oil and Gas Regulatory Authority (Ogra) on Thursday recommended the government to increase the petrol price by Rs 2.20 per litre and reduce the High Speed Diesel (HSD) price by Rs 1.46 per litre effective from June 1. In a summary forwarded to the Pet
Published 31 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 Thursday (May 30, 2013).

Published 31 May, 2013 12:00am
Ogra recommends Rs 2.20 per litre increase in petrol price

Ogra recommends Rs 2.20 per litre increase in petrol price

The Oil and Gas Regulatory Authority (Ogra) on Thursday recommended the government to increase the petrol price by Rs 2.20 per litre and reduce the High Speed Diesel (HSD) price by Rs 1.46 per litre effective from June 1. In a summary forwarded to the Pet
Published 31 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 Thursday (May 30, 2013).

Published 31 May, 2013 12:00am
16 percent ST to be levied: zero-rating facility to go

16 percent ST to be levied: zero-rating facility to go

The Federal Board of Revenue has decided to rescind a Statuary Regulatory Order (SRO) to impose standard rate of 16 percent on zero-rated items such as dairy products and other goods liable to the facility at domestic stage before Budget (2013-14).
Published 31 May, 2013 12:00am
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