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May 11, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2013-06-06
UNEP releases report on 'Smallholders, food security and environment'

UNEP releases report on 'Smallholders, food security and environment'

Supporting small farmers to play a greater role in food production natural resource stewardship is one of the quickest ways to lift over one billion people out of poverty and sustain ably nourish a growing world population, observed a new United Nations E
Published 06 Jun, 2013 12:00am
US congratulates Nawaz Sharif

US congratulates Nawaz Sharif

The United States on Wednesday congratulated Prime Minister Nawaz Sharif on his democratic success as the new Pakistani leader assumed premiership of the country for the unprecedented third term. The State Department also said Washington looks forward to
Published 06 Jun, 2013 12:00am
Prime Minister for third term: Nawaz makes history

Prime Minister for third term: Nawaz makes history

Mian Muhammad Nawaz Sharif was comfortably elected the 27th Prime Minister of Pakistan for a third term in office, securing 244 votes, more than a two-third majority. The election for the Prime Minister was contested by three candidates, Pakistan Muslim L
Published 06 Jun, 2013 12:00am
Prime Minister for third term: Nawaz makes history

Prime Minister for third term: Nawaz makes history

Mian Muhammad Nawaz Sharif was comfortably elected the 27th Prime Minister of Pakistan for a third term in office, securing 244 votes, more than a two-third majority. The election for the Prime Minister was contested by three candidates, Pakistan Muslim L
Published 06 Jun, 2013 12:00am
Tax liabilities: PTA's accounts frozen; Rs two billion recovered

Tax liabilities: PTA's accounts frozen; Rs two billion recovered

Large Tax-payer Unit (LTU) Islamabad has frozen the bank accounts of Pakistan Telecommunication Authority (PTA) and recovered Rs 2.038 billion pertaining to past tax dues and income tax liabilities. Sources told Business Recorder here on Wednesday
Published 06 Jun, 2013 12:00am
Tax liabilities: PTA's accounts frozen; Rs two billion recovered

Tax liabilities: PTA's accounts frozen; Rs two billion recovered

Large Tax-payer Unit (LTU) Islamabad has frozen the bank accounts of Pakistan Telecommunication Authority (PTA) and recovered Rs 2.038 billion pertaining to past tax dues and income tax liabilities. Sources told Business Recorder here on Wednesday
Published 06 Jun, 2013 12:00am
Tax liabilities: PTA''s accounts frozen; Rs two billion recovered

Tax liabilities: PTA''s accounts frozen; Rs two billion recovered

Large Tax-payer Unit (LTU) Islamabad has frozen the bank accounts of Pakistan Telecommunication Authority (PTA) and recovered Rs 2.038 billion pertaining to past tax dues and income tax liabilities. Sources told Business Recorder here on Wednesday
Published 06 Jun, 2013 12:00am
Tax liabilities: PTA''''s accounts frozen; Rs two billion recovered

Tax liabilities: PTA''''s accounts frozen; Rs two billion recovered

Large Tax-payer Unit (LTU) Islamabad has frozen the bank accounts of Pakistan Telecommunication Authority (PTA) and recovered Rs 2.038 billion pertaining to past tax dues and income tax liabilities. Sources told Business Recorder here on Wednesday
Published 06 Jun, 2013 12:00am
KSE undergoes correction

KSE undergoes correction

After continuous bullish sessions, Karachi stock market Wednesday witnessed technical correction and the KSE-100 index shed 182.09 points to close at 22,092.42 against 22,274.51 points Tuesday. The local bourse opened in green zone but closed on negative
Published 06 Jun, 2013 12:00am
KSE undergoes correction

KSE undergoes correction

After continuous bullish sessions, Karachi stock market Wednesday witnessed technical correction and the KSE-100 index shed 182.09 points to close at 22,092.42 against 22,274.51 points Tuesday. The local bourse opened in green zone but closed on negative
Published 06 Jun, 2013 12:00am
KSE undergoes correction

KSE undergoes correction

After continuous bullish sessions, Karachi stock market Wednesday witnessed technical correction and the KSE-100 index shed 182.09 points to close at 22,092.42 against 22,274.51 points Tuesday. The local bourse opened in green zone but closed on negative
Published 06 Jun, 2013 12:00am
BRIndex30 loses 176.17 points

BRIndex30 loses 176.17 points

On Wednesday, BRIndex30 opened at 14,577.23. It touched an intraday high of 14,715.25 and an intraday low of 14,352.90 and closed at 14,401.06, which was -176.17 points or -1.21 percent lower than previous close. Total volume was 386,605,500, which was 58
Published 06 Jun, 2013 12:00am
BRIndex30 loses 176.17 points

BRIndex30 loses 176.17 points

On Wednesday, BRIndex30 opened at 14,577.23. It touched an intraday high of 14,715.25 and an intraday low of 14,352.90 and closed at 14,401.06, which was -176.17 points or -1.21 percent lower than previous close. Total volume was 386,605,500, which was 58
Published 06 Jun, 2013 12:00am
Power generation: Ministry seeks Rs 15 billion against TDS

Power generation: Ministry seeks Rs 15 billion against TDS

Water and Power Ministry has reportedly sought Rs 15 billion from Finance Ministry against Tariff Differential Subsidy (TDS) to maintain power generation between 12000 MW-13000 MW in June 2013, well informed sources told Business Recorder.
Published 06 Jun, 2013 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 06 Jun, 2013 12:00am
Power generation: Ministry seeks Rs 15 billion against TDS

Power generation: Ministry seeks Rs 15 billion against TDS

Water and Power Ministry has reportedly sought Rs 15 billion from Finance Ministry against Tariff Differential Subsidy (TDS) to maintain power generation between 12000 MW-13000 MW in June 2013, well informed sources told Business Recorder.
Published 06 Jun, 2013 12:00am
Power generation: Ministry seeks Rs 15 billion against TDS

Power generation: Ministry seeks Rs 15 billion against TDS

Water and Power Ministry has reportedly sought Rs 15 billion from Finance Ministry against Tariff Differential Subsidy (TDS) to maintain power generation between 12000 MW-13000 MW in June 2013, well informed sources told Business Recorder.
Published 06 Jun, 2013 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 06 Jun, 2013 12:00am
LSE index declines by 44.06 points

LSE index declines by 44.06 points

Equities on Wednesday failed to maintain upward slide on the Lahore Stock Exchange and remained under pressure amid volatile situation on account of profit taking. The LSE-25 index was declined by 44.06 points to close at 4733.77 against 4777.83 of Tuesda
Published 06 Jun, 2013 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 06 Jun, 2013 12:00am
LSE index declines by 44.06 points

LSE index declines by 44.06 points

Equities on Wednesday failed to maintain upward slide on the Lahore Stock Exchange and remained under pressure amid volatile situation on account of profit taking. The LSE-25 index was declined by 44.06 points to close at 4733.77 against 4777.83 of Tuesda
Published 06 Jun, 2013 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 06 Jun, 2013 12:00am
ISE index sheds 103.22 points

ISE index sheds 103.22 points

Bears retained in the driving seat at the Islamabad Stock Exchange (ISE) where losers outclassed gainers amid decrease in index. ISE Ten Index showed a decrease of 103.22 points as the ISE Ten Index moved from 4,207.83 to 4,104.61 points. The overall turn
Published 06 Jun, 2013 12:00am
ISE index sheds 103.22 points

ISE index sheds 103.22 points

Bears retained in the driving seat at the Islamabad Stock Exchange (ISE) where losers outclassed gainers amid decrease in index. ISE Ten Index showed a decrease of 103.22 points as the ISE Ten Index moved from 4,207.83 to 4,104.61 points. The overall turn
Published 06 Jun, 2013 12:00am
India's drugs giant Ranbaxy hit with fraud suit

India's drugs giant Ranbaxy hit with fraud suit

More potential trouble loomed for Ranbaxy after a public interest suit was filed in India's top court Wednesday seeking cancellation of the generics giant's licence over a tainted drugs scandal. New Delhi-based Ranbaxy has insisted its drugs are safe afte
Published 06 Jun, 2013 12:00am
Soldier in WikiLeaks case boasts of busting passwords

Soldier in WikiLeaks case boasts of busting passwords

The US soldier accused of passing classified files to the WikiLeaks anti-secrecy website had boasted that he could get around any password protection, one of his former Army supervisors told a court-martial on Wednesday.
Published 06 Jun, 2013 12:00am
World powers pressure Iran at IAEA

World powers pressure Iran at IAEA

Six world powers engaged in stalled talks with Iran over its nuclear programme said Wednesday it was "essential and urgent" Tehran cooperates with the UN atomic agency over allegations of bomb research. The US, China, Russia, France, Britain and Germany a
Published 06 Jun, 2013 12:00am
Obama picks confidante Rice as national security adviser

Obama picks confidante Rice as national security adviser

President Barack Obama chose close confidante Susan Rice as his new national security adviser on Wednesday, increasing White House control over foreign policy and defying Republican critics of her handling of last year's deadly attack on a US compound in
Published 06 Jun, 2013 12:00am
Hundreds fall sick in Bangladesh garment factory

Hundreds fall sick in Bangladesh garment factory

Hundreds of employees of a Bangladeshi garment plant near the capital fell ill Wednesday after drinking suspected contaminated water at work, police and factory officials said. The incident follows the collapse of a building housing five garment factories
Published 06 Jun, 2013 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (June 05, 2013).

Published 06 Jun, 2013 12:00am
Hakeem's appointment declared illegal, unconstitutional

Hakeem's appointment declared illegal, unconstitutional

The Islamabad High Court (IHC) on Wednesday declared the appointment of chairman Federal Board of Revenue (FBR) Ali Arshad Hakeem and secretary Revenue Division as illegal and unconstitutional. A single bench of the IHC, comprising Justice Shaukat Aziz Si
Published 06 Jun, 2013 12:00am
Hakeem's appointment declared illegal, unconstitutional

Hakeem's appointment declared illegal, unconstitutional

The Islamabad High Court (IHC) on Wednesday declared the appointment of chairman Federal Board of Revenue (FBR) Ali Arshad Hakeem and secretary Revenue Division as illegal and unconstitutional. A single bench of the IHC, comprising Justice Shaukat Aziz Si
Published 06 Jun, 2013 12:00am
Hakeem''s appointment declared illegal, unconstitutional

Hakeem''s appointment declared illegal, unconstitutional

The Islamabad High Court (IHC) on Wednesday declared the appointment of chairman Federal Board of Revenue (FBR) Ali Arshad Hakeem and secretary Revenue Division as illegal and unconstitutional. A single bench of the IHC, comprising Justice Shaukat Aziz Si
Published 06 Jun, 2013 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

The rupee posted fresh gains against the dollar on the currency market on Wednesday in process of trading, dealers said. Currency experts were of the view that comfortable supply of dollars supported the rupee to look ahead. It is likely that the rupee ma
Published 06 Jun, 2013 12:00am
No raise in sales tax rate in sight

No raise in sales tax rate in sight

The government may not increase sales tax from 16 to 17 percent in Budget (2013-14) toeing the new policy for maintaining existing standard tax rates for business community during the next fiscal year. Sources told Business Recorder here on Wednesd
Published 06 Jun, 2013 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

The rupee posted fresh gains against the dollar on the currency market on Wednesday in process of trading, dealers said. Currency experts were of the view that comfortable supply of dollars supported the rupee to look ahead. It is likely that the rupee ma
Published 06 Jun, 2013 12:00am
No raise in sales tax rate in sight

No raise in sales tax rate in sight

The government may not increase sales tax from 16 to 17 percent in Budget (2013-14) toeing the new policy for maintaining existing standard tax rates for business community during the next fiscal year. Sources told Business Recorder here on Wednesd
Published 06 Jun, 2013 12:00am
No raise in sales tax rate in sight

No raise in sales tax rate in sight

The government may not increase sales tax from 16 to 17 percent in Budget (2013-14) toeing the new policy for maintaining existing standard tax rates for business community during the next fiscal year. Sources told Business Recorder here on Wednesd
Published 06 Jun, 2013 12:00am
Habib Bank Limited

Habib Bank Limited

BRIEF INTRODUCTION: HBL was established in Pakistan in 1947 as the first commercial bank. Over the period, the bank has grown staggeringly to become the largest private sector bank with over 1,500 branches and 830 ATMs across the country and a cust
Published 06 Jun, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (June 05, 2013).

Published 06 Jun, 2013 12:00am
Habib Bank Limited

Habib Bank Limited

BRIEF INTRODUCTION: HBL was established in Pakistan in 1947 as the first commercial bank. Over the period, the bank has grown staggeringly to become the largest private sector bank with over 1,500 branches and 830 ATMs across the country and a cust
Published 06 Jun, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (June 05, 2013).

Published 06 Jun, 2013 12:00am
Karachi RTO posts 42 percent growth in revenue collection

Karachi RTO posts 42 percent growth in revenue collection

Regional Tax Office (RTO-I), Karachi is reported to have witnessed a 42 percent growth in revenue collection during the ongoing fiscal month. According to provisional statistics, RTO-I collected Rs 10.18 billion on account of direct taxes in May against R
Published 06 Jun, 2013 12:00am
Chinese 'Tai Pan' at PC Muzaffarabad inaugurated

Chinese 'Tai Pan' at PC Muzaffarabad inaugurated

Authentic Chinese restaurant "Tai Pan" at the Pearl Continental Hotel Muzaffarabad was inaugurated by the Chief Secretary of Azad Jammu & Kashmir Alam Din Bullo, says a press release issued here on Wednesday. The Chief Secretary and many other dignitaries
Published 06 Jun, 2013 12:00am
Saudi Arabia executes Pakistani for drug smuggling

Saudi Arabia executes Pakistani for drug smuggling

Saudi authorities beheaded by the sword on Wednesday a Pakistani convicted of smuggling heroin, the interior ministry said. Wajid Ali Zarnoosh was found guilty of trafficking heroin into Saudi Arabia, the ministry said in a statement carried by SPA state
Published 06 Jun, 2013 12:00am
Musharraf ready to face high treason case: APML

Musharraf ready to face high treason case: APML

Former president Pervez Musharraf will be ready to face any court if newly elected Prime Minister Nawaz Sharif supports a high treason case against him, said the former dictator's political advisor. "Musharraf is ready to face any court in order to defend
Published 06 Jun, 2013 12:00am
Chinese Premier felicitates Prime Minister Nawaz Sharif

Chinese Premier felicitates Prime Minister Nawaz Sharif

Premier of the State Council of the People's Republic of China Li Keqiang has sent a message of felicitation to Mian Mohammad Nawaz Sharif on assumption of the office of Prime Minister of the Islamic Republic of Pakistan. In his message on Wednesday, Prem
Published 06 Jun, 2013 12:00am
Rich tribute paid to Saghar

Rich tribute paid to Saghar

Chief Patron of Cultural Association of Pakistan S M Zafar has said that Riaz ur Rehman Saghar was a man of phraseology. Although he has left us but his memories will always be with us in the shape of his evergreen songs. His death has deprived us from a
Published 06 Jun, 2013 12:00am
Petition against Altaf: LHC seeks replies

Petition against Altaf: LHC seeks replies

The Lahore High Court here on Wednesday sought replies in response to an application seeking a ban on media coverage of MQM chief Altaf Hussain's speeches. The court on May 24 had sought replies from the Pakistan Telecommunication Authority, Pakistan Elec
Published 06 Jun, 2013 12:00am
Merkal felicitates Nawaz Sharif

Merkal felicitates Nawaz Sharif

The German Chancellor, Dr Angela Merkel, sent a letter to the new Pakistani Prime Minister Muhammad Nawaz Sharif and congratulated him on his election. In a statement released by Embassy of Germany here on Wednesday, she wrote: "Please accept my sincere c
Published 06 Jun, 2013 12:00am
LHC stops ministry from collecting 'compensation fund'

LHC stops ministry from collecting 'compensation fund'

The Lahore High Court Chief Justice on Wednesday restrained the ministry of religious affairs from collecting Rs 5,000 as "compensation fund" from pilgrims via Hajj Group Organisers (HGOs). The court directed the ministry to obtain affidavits from HGOs al
Published 06 Jun, 2013 12:00am
PML-N activists distribute sweets

PML-N activists distribute sweets

Activists of Pakistan Muslim League-Nawaz (PML-N) on Wednesday distributed sweets and also danced on drum beat to rejoice elevation of Nawaz Sharif as Prime Minister for the third term. Supporters of the PML-N gathered in front of Masjid-e-Shuhada where s
Published 06 Jun, 2013 12:00am
Prime Minister presented guard of honour

Prime Minister presented guard of honour

A smartly turned out contingent representing three armed forces presented the guard of honour to Prime Minister Muhammad Nawaz Sharif when he arrived at the PM's House on Wednesday after being sworn in as the Prime Minister of Pakistan. National anthem wa
Published 06 Jun, 2013 12:00am
Business community greets Nawaz Sharif

Business community greets Nawaz Sharif

The Lahore Chamber of Commerce and Industry on Wednesday congratulated Nawaz Sharif for becoming Prime Minister of Pakistan for the third time and welcomed his pledge to build a Roshan Pakistan through good governance, elimination of corruption and on-mer
Published 06 Jun, 2013 12:00am
Jamaat-i-Islami hopes Nawaz will perform as a national leader

Jamaat-i-Islami hopes Nawaz will perform as a national leader

Ameer, Jamaat-i-Islami Pakistan, Syed Munawar Hasan, has congratulated Mian Nawaz Sharif on his election as Prime Minister and expressed the hope that he would act as a national leader and adopt policies that can steer the country out of the cesspool of p
Published 06 Jun, 2013 12:00am
Liaqat Baloch congratulates Nawaz

Liaqat Baloch congratulates Nawaz

Secretary-General, Jamaat-i-Islami, Liaqat Baloch, congratulated Muhammad Nawaz Sharif on his election as Prime Minister for the third time, and said the new premier would have to take concrete steps to solve people's problems and uplift the country's eco
Published 06 Jun, 2013 12:00am
Hearing on quality CNG cylinders adjourned

Hearing on quality CNG cylinders adjourned

The Lahore High Court adjourned to June 12 the hearing of a petition about inspection of CNG pumps and quality cylinders. The petitioners, owners of different CNG pumps, said that the government different departments including Hydro Carbon Development Ins
Published 06 Jun, 2013 12:00am
PTCL, Al Ghurair Giga Pakistan sign agreement

PTCL, Al Ghurair Giga Pakistan sign agreement

Pakistan Telecommunication Company Limited (PTCL) on June 5 has announced the signing of a memorandum of understanding (MoU) with Al Ghurair Giga Pakistan (Pvt) Ltd, the developers of World Trade Centre and other state of the art commercial and residentia
Published 06 Jun, 2013 12:00am
Food worth $1 trillion wasted every year: official

Food worth $1 trillion wasted every year: official

The global food production system occupy 25 percent of all habitable land and accounts for 70 percent of fresh water consumption and 30 percent of greenhouse gas emissions. But ironically, an estimated one-third of all food produced - an astonishing 1.3 b
Published 06 Jun, 2013 12:00am
PIA maintaining flights schedule

PIA maintaining flights schedule

PIA is maintaining its domestic and international flights schedule and there has been no disruption so far, PIA Spokesman said here on Wednesday. Refuting a news item appearing in a section of print and electronic media regarding grounding all of its B-73
Published 06 Jun, 2013 12:00am
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