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Print - 2013-06-05
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 05 Jun, 2013 12:00am
Traders in dire straits: FBR begins rolling back RPOs

Traders in dire straits: FBR begins rolling back RPOs

Financial problems of business fraternity are going to be more severe as Federal Board of Revenue (FBR) has started rolling back sales tax ''Refund Pay Orders (RPOs) to meet its annual revenue budgetary target, it is learnt on Tuesday. According to source
Published 05 Jun, 2013 12:00am
Traders in dire straits: FBR begins rolling back RPOs

Traders in dire straits: FBR begins rolling back RPOs

Financial problems of business fraternity are going to be more severe as Federal Board of Revenue (FBR) has started rolling back sales tax 'Refund Pay Orders (RPOs) to meet its annual revenue budgetary target, it is learnt on Tuesday. According to sources
Published 05 Jun, 2013 12:00am
Traders in dire straits: FBR begins rolling back RPOs

Traders in dire straits: FBR begins rolling back RPOs

Financial problems of business fraternity are going to be more severe as Federal Board of Revenue (FBR) has started rolling back sales tax 'Refund Pay Orders (RPOs) to meet its annual revenue budgetary target, it is learnt on Tuesday. According to sources
Published 05 Jun, 2013 12:00am
Merkel pledges aid as flood surge heads for Germany

Merkel pledges aid as flood surge heads for Germany

Chancellor Angela Merkel pledged 100 million euros in emergency aid for flood-ravaged areas on Tuesday, as surging waters that have claimed at least 11 lives and forced tens of thousands of evacuations across central Europe bore down toward Germany.
Published 05 Jun, 2013 12:00am
Merkel pledges aid as flood surge heads for Germany

Merkel pledges aid as flood surge heads for Germany

Chancellor Angela Merkel pledged 100 million euros in emergency aid for flood-ravaged areas on Tuesday, as surging waters that have claimed at least 11 lives and forced tens of thousands of evacuations across central Europe bore down toward Germany.
Published 05 Jun, 2013 12:00am
Queen Elizabeth II marks coronation 60th anniversary

Queen Elizabeth II marks coronation 60th anniversary

Queen Elizabeth II celebrated the 60th anniversary of her coronation on Tuesday by returning to Westminster Abbey for a special service, with the glittering solid gold crown and the holy oil used to anoint her taking centre stage. Some 2,200 guests includ
Published 05 Jun, 2013 12:00am
Queen Elizabeth II marks coronation 60th anniversary

Queen Elizabeth II marks coronation 60th anniversary

Queen Elizabeth II celebrated the 60th anniversary of her coronation on Tuesday by returning to Westminster Abbey for a special service, with the glittering solid gold crown and the holy oil used to anoint her taking centre stage. Some 2,200 guests includ
Published 05 Jun, 2013 12:00am
Ashraful admits fixing, apologises

Ashraful admits fixing, apologises

Former Bangladesh cricket captain Mohammad Ashraful on Tuesday admitted match-fixing and apologised for the latest damaging scandal to hit the sport. "I should have not done this injustice to the nation. I feel guilty," he told the Independent TV channel
Published 05 Jun, 2013 12:00am
Ashraful admits fixing, apologises

Ashraful admits fixing, apologises

Former Bangladesh cricket captain Mohammad Ashraful on Tuesday admitted match-fixing and apologised for the latest damaging scandal to hit the sport. "I should have not done this injustice to the nation. I feel guilty," he told the Independent TV channel
Published 05 Jun, 2013 12:00am
Sea and ocean: Iran, Pakistan agree on joint research projects

Sea and ocean: Iran, Pakistan agree on joint research projects

Senior Iranian and Pakistani maritime research officials inked an agreement to cooperate in research projects at sea and ocean. The agreement signed by Managing Director of the Iranian National Institute for Oceanography (INIO) Vahid Chegini and his Pakis
Published 05 Jun, 2013 12:00am
Sea and ocean: Iran, Pakistan agree on joint research projects

Sea and ocean: Iran, Pakistan agree on joint research projects

Senior Iranian and Pakistani maritime research officials inked an agreement to cooperate in research projects at sea and ocean. The agreement signed by Managing Director of the Iranian National Institute for Oceanography (INIO) Vahid Chegini and his Pakis
Published 05 Jun, 2013 12:00am
White House moves to curb ''patent trolls''

White House moves to curb ''patent trolls''

The White House moved Tuesday to crack down on companies that make money by suing other firms over patents, especially in the tech sector, rather than actually providing goods or services. These so-called patent trolls, which take other companies to court
Published 05 Jun, 2013 12:00am
White House moves to curb 'patent trolls'

White House moves to curb 'patent trolls'

The White House moved Tuesday to crack down on companies that make money by suing other firms over patents, especially in the tech sector, rather than actually providing goods or services. These so-called patent trolls, which take other companies to court
Published 05 Jun, 2013 12:00am
White House moves to curb 'patent trolls'

White House moves to curb 'patent trolls'

The White House moved Tuesday to crack down on companies that make money by suing other firms over patents, especially in the tech sector, rather than actually providing goods or services. These so-called patent trolls, which take other companies to court
Published 05 Jun, 2013 12:00am
Turkey protesters defiant after government apology

Turkey protesters defiant after government apology

Turkish protesters poured back onto the streets Tuesday in defiance of their government's plea to end days of deadly unrest, the biggest challenge yet to Prime Minister Recep Tayyip Erdogan's decade-long rule. Erdogan's government won praise from the Unit
Published 05 Jun, 2013 12:00am
Turkey protesters defiant after government apology

Turkey protesters defiant after government apology

Turkish protesters poured back onto the streets Tuesday in defiance of their government's plea to end days of deadly unrest, the biggest challenge yet to Prime Minister Recep Tayyip Erdogan's decade-long rule. Erdogan's government won praise from the Unit
Published 05 Jun, 2013 12:00am
Pakistan Studies and Islamiat: no fee for students taking papers again

Pakistan Studies and Islamiat: no fee for students taking papers again

The Cambridge Examination Board is not going to charge fees afresh from students who have to retake Pakistan Studies and Islamiat papers again either in June or November this year. Examination Board has conceded that the two papers were leaked outside Pak
Published 05 Jun, 2013 12:00am
Pakistan Studies and Islamiat: no fee for students taking papers again

Pakistan Studies and Islamiat: no fee for students taking papers again

The Cambridge Examination Board is not going to charge fees afresh from students who have to retake Pakistan Studies and Islamiat papers again either in June or November this year. Examination Board has conceded that the two papers were leaked outside Pak
Published 05 Jun, 2013 12:00am
Fake degree case: JUI-F MPA jailed

Fake degree case: JUI-F MPA jailed

JUI-F's MPA from Punjab, Mir Badshah Khan Qaisrani was sentenced to two years in prison on Tuesday in a fake degree case. Qaisrani was taken into police custody from the courtroom. The court also imposed a fine of Rs 5000. The court awarded the sentence u
Published 05 Jun, 2013 12:00am
Fake degree case: JUI-F MPA jailed

Fake degree case: JUI-F MPA jailed

JUI-F's MPA from Punjab, Mir Badshah Khan Qaisrani was sentenced to two years in prison on Tuesday in a fake degree case. Qaisrani was taken into police custody from the courtroom. The court also imposed a fine of Rs 5000. The court awarded the sentence u
Published 05 Jun, 2013 12:00am
Recovery of 'missing' workers: MQM files petition in SHC

Recovery of 'missing' workers: MQM files petition in SHC

Muttahida Qaumi Movement (MQM) on Tuesday filed a petition in the Sindh High Court in the recovery of missing workers case. The petition was filed a day after the MQM leadership protested in front of the Supreme Court for the recovery of missing workers w
Published 05 Jun, 2013 12:00am
Recovery of 'missing' workers: MQM files petition in SHC

Recovery of 'missing' workers: MQM files petition in SHC

Muttahida Qaumi Movement (MQM) on Tuesday filed a petition in the Sindh High Court in the recovery of missing workers case. The petition was filed a day after the MQM leadership protested in front of the Supreme Court for the recovery of missing workers w
Published 05 Jun, 2013 12:00am
Article 6: Counsel asked to complete argument

Article 6: Counsel asked to complete argument

The Supreme Court on Tuesday gave one more day to a petitioner's counsel to complete his arguments while hearing identical petitions against former President and army chief Pervez Musharraf. During the course of hearing, a three-judge bench of Justice Jaw
Published 05 Jun, 2013 12:00am
Article 6: Counsel asked to complete argument

Article 6: Counsel asked to complete argument

The Supreme Court on Tuesday gave one more day to a petitioner's counsel to complete his arguments while hearing identical petitions against former President and army chief Pervez Musharraf. During the course of hearing, a three-judge bench of Justice Jaw
Published 05 Jun, 2013 12:00am
ISE equities move upward

ISE equities move upward

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 36.29 points as the ISE Ten Index move
Published 05 Jun, 2013 12:00am
ISE equities move upward

ISE equities move upward

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 36.29 points as the ISE Ten Index move
Published 05 Jun, 2013 12:00am
LSE equities register gains

LSE equities register gains

Bullish sentiments dominated on the Lahore Stock Exchange on Tuesday and the equities registered gains amid marginally decreased trading turnover. The LSE-25 index was improved by 27.91 points to close at 4778.86 against 4750.95 of Monday while transactio
Published 05 Jun, 2013 12:00am
LSE equities register gains

LSE equities register gains

Bullish sentiments dominated on the Lahore Stock Exchange on Tuesday and the equities registered gains amid marginally decreased trading turnover. The LSE-25 index was improved by 27.91 points to close at 4778.86 against 4750.95 of Monday while transactio
Published 05 Jun, 2013 12:00am
Urea Subsidy: MoF pays Rs 3.3 billion to TCP

Urea Subsidy: MoF pays Rs 3.3 billion to TCP

The Ministry of Finance (MoF) is reported to have released Rs 3.3 billion to Trading Corporation of Pakistan (TCP) on account of urea subsidy. Sources told Business Recorder on Tuesday that the ministry has moved another summary for the payment of
Published 05 Jun, 2013 12:00am
Urea Subsidy: MoF pays Rs 3.3 billion to TCP

Urea Subsidy: MoF pays Rs 3.3 billion to TCP

The Ministry of Finance (MoF) is reported to have released Rs 3.3 billion to Trading Corporation of Pakistan (TCP) on account of urea subsidy. Sources told Business Recorder on Tuesday that the ministry has moved another summary for the payment of
Published 05 Jun, 2013 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (June 04, 2013).

Published 05 Jun, 2013 12:00am
Urea Subsidy: MoF pays Rs 3.3 billion to TCP

Urea Subsidy: MoF pays Rs 3.3 billion to TCP

The Ministry of Finance (MoF) is reported to have released Rs 3.3 billion to Trading Corporation of Pakistan (TCP) on account of urea subsidy. Sources told Business Recorder on Tuesday that the ministry has moved another summary for the payment of
Published 05 Jun, 2013 12:00am
Drone standoff: economy may face serious consequences

Drone standoff: economy may face serious consequences

The country''s economy could face serious consequences in case of confrontation between Pakistan and US over the continuing drone strikes. Sources said there is a serious concern in the Finance Ministry with respect to future course of relations between P
Published 05 Jun, 2013 12:00am
Drone standoff: economy may face serious consequences

Drone standoff: economy may face serious consequences

The country's economy could face serious consequences in case of confrontation between Pakistan and US over the continuing drone strikes. Sources said there is a serious concern in the Finance Ministry with respect to future course of relations between Pa
Published 05 Jun, 2013 12:00am
Drone standoff: economy may face serious consequences

Drone standoff: economy may face serious consequences

The country's economy could face serious consequences in case of confrontation between Pakistan and US over the continuing drone strikes. Sources said there is a serious concern in the Finance Ministry with respect to future course of relations between Pa
Published 05 Jun, 2013 12:00am
Man, woman involved in attack held

Man, woman involved in attack held

A woman and her nephew were arrested on Tuesday in connection with an attack on a Pakistani diplomat and his driver in New Delhi. Zirgham Raza, the First Secretary Pakistan's High Commission in New Delhi, and his Pakistani driver Haider Zaman were alleged
Published 05 Jun, 2013 12:00am
Man, woman involved in attack held

Man, woman involved in attack held

A woman and her nephew were arrested on Tuesday in connection with an attack on a Pakistani diplomat and his driver in New Delhi. Zirgham Raza, the First Secretary Pakistan's High Commission in New Delhi, and his Pakistani driver Haider Zaman were alleged
Published 05 Jun, 2013 12:00am
Harassment of Pakistani diplomat: foreign office summons Indian diplomat

Harassment of Pakistani diplomat: foreign office summons Indian diplomat

Pakistan on Tuesday summoned India's Deputy High Commissioner to the Foreign Office and conveyed its serious concerns over the harassment of a diplomat in New Delhi, just as Indian Foreign Secretary expressed regrets over the incident. A Pakistani diploma
Published 05 Jun, 2013 12:00am
Harassment of Pakistani diplomat: foreign office summons Indian diplomat

Harassment of Pakistani diplomat: foreign office summons Indian diplomat

Pakistan on Tuesday summoned India's Deputy High Commissioner to the Foreign Office and conveyed its serious concerns over the harassment of a diplomat in New Delhi, just as Indian Foreign Secretary expressed regrets over the incident. A Pakistani diploma
Published 05 Jun, 2013 12:00am
SRO.1125(I)/2011: FBR asks MoF to curtail list of items

SRO.1125(I)/2011: FBR asks MoF to curtail list of items

The Federal Board of Revenue has proposed to restrict items of the SRO.1125(I)/2011 to those exclusively used in the five export-oriented sectors - textile, leather, surgical, carpets and sports - from next fiscal year (2013-14). Sources told Business
Published 05 Jun, 2013 12:00am
SRO.1125(I)/2011: FBR asks MoF to curtail list of items

SRO.1125(I)/2011: FBR asks MoF to curtail list of items

The Federal Board of Revenue has proposed to restrict items of the SRO.1125(I)/2011 to those exclusively used in the five export-oriented sectors - textile, leather, surgical, carpets and sports - from next fiscal year (2013-14). Sources told Business
Published 05 Jun, 2013 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (June 04, 2013).

Published 05 Jun, 2013 12:00am
SRO.1125(I)/2011: FBR asks MoF to curtail list of items

SRO.1125(I)/2011: FBR asks MoF to curtail list of items

The Federal Board of Revenue has proposed to restrict items of the SRO.1125(I)/2011 to those exclusively used in the five export-oriented sectors - textile, leather, surgical, carpets and sports - from next fiscal year (2013-14). Sources told Business
Published 05 Jun, 2013 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (June 04, 2013).
Published 05 Jun, 2013 12:00am
SRO.1125(I)/2011: FBR asks MoF to curtail list of items

SRO.1125(I)/2011: FBR asks MoF to curtail list of items

The Federal Board of Revenue has proposed to restrict items of the SRO.1125(I)/2011 to those exclusively used in the five export-oriented sectors - textile, leather, surgical, carpets and sports - from next fiscal year (2013-14). Sources told Business
Published 05 Jun, 2013 12:00am
Inter-corporate dividend: FBR suggests change in taxation

Inter-corporate dividend: FBR suggests change in taxation

The Federal Board of Revenue has proposed change in the taxation of inter-corporate dividend at the normal rate of 35 percent tax in Budget (2013-14). Sources told Business Recorder on Tuesday that it is merely a budget proposal drafted at the leve
Published 05 Jun, 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 Tuesday (June 04, 2013).

Published 05 Jun, 2013 12:00am
Inter-corporate dividend: FBR suggests change in taxation

Inter-corporate dividend: FBR suggests change in taxation

The Federal Board of Revenue has proposed change in the taxation of inter-corporate dividend at the normal rate of 35 percent tax in Budget (2013-14). Sources told Business Recorder on Tuesday that it is merely a budget proposal drafted at the leve
Published 05 Jun, 2013 12:00am
Inter-corporate dividend: FBR suggests change in taxation

Inter-corporate dividend: FBR suggests change in taxation

The Federal Board of Revenue has proposed change in the taxation of inter-corporate dividend at the normal rate of 35 percent tax in Budget (2013-14). Sources told Business Recorder on Tuesday that it is merely a budget proposal drafted at the leve
Published 05 Jun, 2013 12:00am
JUI-F decides to support PML-N candidate

JUI-F decides to support PML-N candidate

Jamiat Ulema-e-Islam-Fazl (JUI-F) on Tuesday decided to vote for Pakistan Muslim League-Nawaz (PML-N) nominee Nawaz Sharif in the election for the post of leader of the house (prime minister), scheduled to be held on Wednesday (today). This was decided by
Published 05 Jun, 2013 12:00am
JUI-F decides to support PML-N candidate

JUI-F decides to support PML-N candidate

Jamiat Ulema-e-Islam-Fazl (JUI-F) on Tuesday decided to vote for Pakistan Muslim League-Nawaz (PML-N) nominee Nawaz Sharif in the election for the post of leader of the house (prime minister), scheduled to be held on Wednesday (today). This was decided by
Published 05 Jun, 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 (June 04, 2013).

Published 05 Jun, 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 (June 04, 2013).

Published 05 Jun, 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 (June 04, 2013).

Published 05 Jun, 2013 12:00am
EU imposes levies on Chinese solar panels

EU imposes levies on Chinese solar panels

The European Commission on Tuesday imposed anti-dumping duties on imports of Chinese solar panels, defying German-led opposition and dire warnings from Beijing the move could spark a trade war. "Today, the European Commission has decided unanimously to im
Published 05 Jun, 2013 12:00am