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Print - 2013-07-25
Biden urges India to open up to US companies

Biden urges India to open up to US companies

US Vice President Joe Biden urged India on Wednesday to improve investment conditions and remove obstacles faced by American companies which restrict trade between the world's biggest democracies. Biden, the first US vice president to visit India in three
Published 25 Jul, 2013 12:00am
Biden urges India to open up to US companies

Biden urges India to open up to US companies

US Vice President Joe Biden urged India on Wednesday to improve investment conditions and remove obstacles faced by American companies which restrict trade between the world's biggest democracies. Biden, the first US vice president to visit India in three
Published 25 Jul, 2013 12:00am
RBS fined 5.6 million pounds over accounts: watchdog

RBS fined 5.6 million pounds over accounts: watchdog

State-rescued Royal Bank of the Scotland has been fined more than £5.6 million, mainly for the incorrect reporting of transactions over a six-year period, a British financial watchdog announced on Wednesday. "The Royal Bank of Scotland has been fined £5,6
Published 25 Jul, 2013 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 25 Jul, 2013 12:00am
RBS fined 5.6 million pounds over accounts: watchdog

RBS fined 5.6 million pounds over accounts: watchdog

State-rescued Royal Bank of the Scotland has been fined more than £5.6 million, mainly for the incorrect reporting of transactions over a six-year period, a British financial watchdog announced on Wednesday. "The Royal Bank of Scotland has been fined £5,6
Published 25 Jul, 2013 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 25 Jul, 2013 12:00am
RBS fined 5.6 million pounds over accounts: watchdog

RBS fined 5.6 million pounds over accounts: watchdog

State-rescued Royal Bank of the Scotland has been fined more than £5.6 million, mainly for the incorrect reporting of transactions over a six-year period, a British financial watchdog announced on Wednesday. "The Royal Bank of Scotland has been fined £5,6
Published 25 Jul, 2013 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 25 Jul, 2013 12:00am
As China industry slows, effects felt world-wide

As China industry slows, effects felt world-wide

China''s manufacturing engine lost further momentum in July and the job market weakened, a survey showed on Wednesday, complicating a transition to consumer-driven growth and boding ill for so many leveraged to the world''s second-largest economy.
Published 25 Jul, 2013 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 25 Jul, 2013 12:00am
As China industry slows, effects felt world-wide

As China industry slows, effects felt world-wide

China's manufacturing engine lost further momentum in July and the job market weakened, a survey showed on Wednesday, complicating a transition to consumer-driven growth and boding ill for so many leveraged to the world's second-largest economy.
Published 25 Jul, 2013 12:00am
As China industry slows, effects felt world-wide

As China industry slows, effects felt world-wide

China's manufacturing engine lost further momentum in July and the job market weakened, a survey showed on Wednesday, complicating a transition to consumer-driven growth and boding ill for so many leveraged to the world's second-largest economy.
Published 25 Jul, 2013 12:00am
Effective July 1, 2013: KPRA gets powers to collect ST on key services

Effective July 1, 2013: KPRA gets powers to collect ST on key services

Khyber Pakhtunkhwa Revenue Authority (KPRA) has obtained legal powers to collect sales tax on key services from July 1, 2013. The services include hotels, marriage halls, lawns/clubs, beauty parlours, 59 types of telecommunication services, customs agents
Published 25 Jul, 2013 12:00am
Effective July 1, 2013: KPRA gets powers to collect ST on key services

Effective July 1, 2013: KPRA gets powers to collect ST on key services

Khyber Pakhtunkhwa Revenue Authority (KPRA) has obtained legal powers to collect sales tax on key services from July 1, 2013. The services include hotels, marriage halls, lawns/clubs, beauty parlours, 59 types of telecommunication services, customs agents
Published 25 Jul, 2013 12:00am
Effective July 1, 2013: KPRA gets powers to collect ST on key services

Effective July 1, 2013: KPRA gets powers to collect ST on key services

Khyber Pakhtunkhwa Revenue Authority (KPRA) has obtained legal powers to collect sales tax on key services from July 1, 2013. The services include hotels, marriage halls, lawns/clubs, beauty parlours, 59 types of telecommunication services, customs agents
Published 25 Jul, 2013 12:00am
Advisor on aviation issued notice

Advisor on aviation issued notice

Supreme Court on Wednesday issued a notice to Advisor to the Prime Minister on Aviation and dual nationality holder Shujaat Azeem. A three-judge bench led by Chief Justice Iftikhar Muhammad Chaudhry resumed the hearing of irregularities in the constructio
Published 25 Jul, 2013 12:00am
Advisor on aviation issued notice

Advisor on aviation issued notice

Supreme Court on Wednesday issued a notice to Advisor to the Prime Minister on Aviation and dual nationality holder Shujaat Azeem. A three-judge bench led by Chief Justice Iftikhar Muhammad Chaudhry resumed the hearing of irregularities in the constructio
Published 25 Jul, 2013 12:00am
Advisor on aviation issued notice

Advisor on aviation issued notice

Supreme Court on Wednesday issued a notice to Advisor to the Prime Minister on Aviation and dual nationality holder Shujaat Azeem. A three-judge bench led by Chief Justice Iftikhar Muhammad Chaudhry resumed the hearing of irregularities in the constructio
Published 25 Jul, 2013 12:00am
'Targeted' operation planned in Karachi

'Targeted' operation planned in Karachi

The federal government has finally decided to take targeted action against extortionists and target killers in the metropolis. The decision was taken following Interior Minister Nisar Ali Khan's visit to Karachi. During the visit, Nisar was briefed about
Published 25 Jul, 2013 12:00am
'Targeted' operation planned in Karachi

'Targeted' operation planned in Karachi

The federal government has finally decided to take targeted action against extortionists and target killers in the metropolis. The decision was taken following Interior Minister Nisar Ali Khan's visit to Karachi. During the visit, Nisar was briefed about
Published 25 Jul, 2013 12:00am
Court fines Tokyo bourse over $400 million bank blunder

Court fines Tokyo bourse over $400 million bank blunder

A Japanese appeals court Wednesday ordered the Tokyo Stock Exchange to pay $107 million compensation over its failure to stop a $400 million trade blunder in 2005, upholding the initial verdict. The lawsuit against Asia's largest bourse was filed by Mizuh
Published 25 Jul, 2013 12:00am
Four dead as asylum-seeker boat sinks

Four dead as asylum-seeker boat sinks

Four people died and about 40 were still missing after a fishing boat carrying mostly asylum seekers to Australia sank off Indonesia's Java island, a rescue official said Wednesday. At least 157 people from Iran, Iraq, Sri Lanka and Bangladesh were rescue
Published 25 Jul, 2013 12:00am
Wells Fargo deposes China's ICBC as world's biggest bank

Wells Fargo deposes China's ICBC as world's biggest bank

The Industrial & Commercial Bank of China, a symbol of the country's financial might, has been deposed as the world's largest bank by market capitalisation by Wells Fargo, data showed Wednesday. ICBC's six-year reign as the world's biggest bank began in J
Published 25 Jul, 2013 12:00am
ISE index improves by 23.69 points

ISE index improves by 23.69 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 23.69 points as the Index moved from 4
Published 25 Jul, 2013 12:00am
ISE index improves by 23.69 points

ISE index improves by 23.69 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 23.69 points as the Index moved from 4
Published 25 Jul, 2013 12:00am
LSE index gains modestly

LSE index gains modestly

Led by oil sector, equities extended further gains amid bullish sentiments on the Lahore Stock Exchange on Wednesday. The LSE-25 index gained 43.80 points to close at 5188.42 against 5144.62 of Tuesday while transaction volume was restricted to 5.180 mill
Published 25 Jul, 2013 12:00am
LSE index gains modestly

LSE index gains modestly

Led by oil sector, equities extended further gains amid bullish sentiments on the Lahore Stock Exchange on Wednesday. The LSE-25 index gained 43.80 points to close at 5188.42 against 5144.62 of Tuesday while transaction volume was restricted to 5.180 mill
Published 25 Jul, 2013 12:00am
Mamnoon, Rabbani file nomination papers

Mamnoon, Rabbani file nomination papers

The presidential candidates of Pakistan Muslim League-Nawaz (PML-N) and Pakistan People's Party (PPP) submitted their nomination papers at Islamabad High Court (IHC) on Wednesday. PML-N presidential candidate Mamnoon Hussain and PPP presidential candidate
Published 25 Jul, 2013 12:00am
Mamnoon, Rabbani file nomination papers

Mamnoon, Rabbani file nomination papers

The presidential candidates of Pakistan Muslim League-Nawaz (PML-N) and Pakistan People's Party (PPP) submitted their nomination papers at Islamabad High Court (IHC) on Wednesday. PML-N presidential candidate Mamnoon Hussain and PPP presidential candidate
Published 25 Jul, 2013 12:00am
Presidential election on July 30

Presidential election on July 30

The Election Commission of Pakistan (ECP) on Wednesday issued a new schedule for presidential election in light of a ruling of Supreme Court to hold election on July 30, 2013 instead of August 6. According to ECP's new schedule, scrutiny of nomination pap
Published 25 Jul, 2013 12:00am
Presidential election on July 30

Presidential election on July 30

The Election Commission of Pakistan (ECP) on Wednesday issued a new schedule for presidential election in light of a ruling of Supreme Court to hold election on July 30, 2013 instead of August 6. According to ECP's new schedule, scrutiny of nomination pap
Published 25 Jul, 2013 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (July 24, 2013).

Published 25 Jul, 2013 12:00am
Fazl backs presidential poll on July 30

Fazl backs presidential poll on July 30

Chief of JUI-F Maulana Fazlur Rahman has backed Supreme Court decision to hold presidential elections on July 30, saying it will help members of Electoral College to be available for casting votes. According to his Spokes-person Jan Achakzai, the Maulana
Published 25 Jul, 2013 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (July 24, 2013).

Published 25 Jul, 2013 12:00am
Fazl backs presidential poll on July 30

Fazl backs presidential poll on July 30

Chief of JUI-F Maulana Fazlur Rahman has backed Supreme Court decision to hold presidential elections on July 30, saying it will help members of Electoral College to be available for casting votes. According to his Spokes-person Jan Achakzai, the Maulana
Published 25 Jul, 2013 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (July 24, 2013).

Published 25 Jul, 2013 12:00am
Three governors to be replaced?

Three governors to be replaced?

Prime Minister Nawaz Sharif has decided, in principle, to replace governors of three provinces soon after presidential election. Sources told INP that the governors of three provinces - Punjab, Sindh and Khyber Pakhtunkhwa - would be replaced after presid
Published 25 Jul, 2013 12:00am
Three governors to be replaced?

Three governors to be replaced?

Prime Minister Nawaz Sharif has decided, in principle, to replace governors of three provinces soon after presidential election. Sources told INP that the governors of three provinces - Punjab, Sindh and Khyber Pakhtunkhwa - would be replaced after presid
Published 25 Jul, 2013 12:00am
Supreme Court brings forward election, PPP deeply resents verdict

Supreme Court brings forward election, PPP deeply resents verdict

Disposing of PML-N Senator Raja Zafarul Haq's petition on Wednesday, the Supreme Court directed the Election Commission of Pakistan (ECP) to hold presidential election on July 30 - instead of August 6. A three-judge bench of Chief Justice Iftikhar Muhamma
Published 25 Jul, 2013 12:00am
Supreme Court brings forward election, PPP deeply resents verdict

Supreme Court brings forward election, PPP deeply resents verdict

Disposing of PML-N Senator Raja Zafarul Haq's petition on Wednesday, the Supreme Court directed the Election Commission of Pakistan (ECP) to hold presidential election on July 30 - instead of August 6. A three-judge bench of Chief Justice Iftikhar Muhamma
Published 25 Jul, 2013 12:00am
BRIndex30 gains 6.95 points

BRIndex30 gains 6.95 points

On Wednesday, BRIndex30 opened at 15,802.53. It touched an intraday high of 15,996.77 and an intraday low of 15,767.07 and closed at 15,809.48 which was 6.95 points or 0.04 percent higher than previous close. Total volume was 210,120,200, which was 69.19
Published 25 Jul, 2013 12:00am
BRIndex30 gains 6.95 points

BRIndex30 gains 6.95 points

On Wednesday, BRIndex30 opened at 15,802.53. It touched an intraday high of 15,996.77 and an intraday low of 15,767.07 and closed at 15,809.48 which was 6.95 points or 0.04 percent higher than previous close. Total volume was 210,120,200, which was 69.19
Published 25 Jul, 2013 12:00am
Bull-run continues

Bull-run continues

Led by banking and cement sectors, Karachi Stock Exchange witnessed third consecutive bullish session Wednesday and the KSE-100 Index gained 92.95 points to close at historic high of 23,776.22 against 23,683.27 Tuesday. The share market opened in green zo
Published 25 Jul, 2013 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (July 24, 2013).

Published 25 Jul, 2013 12:00am
Bull-run continues

Bull-run continues

Led by banking and cement sectors, Karachi Stock Exchange witnessed third consecutive bullish session Wednesday and the KSE-100 Index gained 92.95 points to close at historic high of 23,776.22 against 23,683.27 Tuesday. The share market opened in green zo
Published 25 Jul, 2013 12:00am
Bull-run continues

Bull-run continues

Led by banking and cement sectors, Karachi Stock Exchange witnessed third consecutive bullish session Wednesday and the KSE-100 Index gained 92.95 points to close at historic high of 23,776.22 against 23,683.27 Tuesday. The share market opened in green zo
Published 25 Jul, 2013 12:00am
MB warns of civil war

MB warns of civil war

Egypt's army chief called Wednesday for rallies to back a crackdown on "terrorism and violence", in comments Islamists denounced as a call to "civil war" ahead of their own protests. With tensions already running high following the army's ouster of presid
Published 25 Jul, 2013 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (July 24, 2013).

Published 25 Jul, 2013 12:00am
MB warns of civil war

MB warns of civil war

Egypt's army chief called Wednesday for rallies to back a crackdown on "terrorism and violence", in comments Islamists denounced as a call to "civil war" ahead of their own protests. With tensions already running high following the army's ouster of presid
Published 25 Jul, 2013 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (July 24, 2013).
Published 25 Jul, 2013 12:00am
Diamer-Bhasha Dam: USAID ready to finance feasibility study, says Olson

Diamer-Bhasha Dam: USAID ready to finance feasibility study, says Olson

The US has expressed willingness to support the construction of Diamer-Bhasha Dam and USAID would be ready to finance the feasibility study. This was stated by US ambassador Richard Olson here on Wednesday during a call on meeting with Finance Minister Se
Published 25 Jul, 2013 12:00am
Diamer-Bhasha Dam: USAID ready to finance feasibility study, says Olson

Diamer-Bhasha Dam: USAID ready to finance feasibility study, says Olson

The US has expressed willingness to support the construction of Diamer-Bhasha Dam and USAID would be ready to finance the feasibility study. This was stated by US ambassador Richard Olson here on Wednesday during a call on meeting with Finance Minister Se
Published 25 Jul, 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 Wednesday (July 24, 2013).

Published 25 Jul, 2013 12:00am
Diamer-Bhasha Dam: USAID ready to finance feasibility study, says Olson

Diamer-Bhasha Dam: USAID ready to finance feasibility study, says Olson

The US has expressed willingness to support the construction of Diamer-Bhasha Dam and USAID would be ready to finance the feasibility study. This was stated by US ambassador Richard Olson here on Wednesday during a call on meeting with Finance Minister Se
Published 25 Jul, 2013 12:00am
SOEs'' sell-off process to be expedited: PC told to review schedule

SOEs'' sell-off process to be expedited: PC told to review schedule

The government has decided to speed up the privatisation of State Owned Enterprises (SOEs) and directed the Privatisation Commission to review the privatisation schedule so as to accelerate the process. An official said the privatisation of Pakistan Inter
Published 25 Jul, 2013 12:00am
SOEs' sell-off process to be expedited: PC told to review schedule

SOEs' sell-off process to be expedited: PC told to review schedule

The government has decided to speed up the privatisation of State Owned Enterprises (SOEs) and directed the Privatisation Commission to review the privatisation schedule so as to accelerate the process. An official said the privatisation of Pakistan Inter
Published 25 Jul, 2013 12:00am
SOEs' sell-off process to be expedited: PC told to review schedule

SOEs' sell-off process to be expedited: PC told to review schedule

The government has decided to speed up the privatisation of State Owned Enterprises (SOEs) and directed the Privatisation Commission to review the privatisation schedule so as to accelerate the process. An official said the privatisation of Pakistan Inter
Published 25 Jul, 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 Wednesday (July 24, 2013).

Published 25 Jul, 2013 12:00am
Private sector energy bills: there''s no feasible recovery mechanism

Private sector energy bills: there''s no feasible recovery mechanism

The federal government may be in the process of sharpening the knife to ensure recovery of outstanding energy bills from provincial governments through the Federal Adjuster but it has failed to come up with any feasible recovery mechanism from private sec
Published 25 Jul, 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 Wednesday (July 24, 2013).

Published 25 Jul, 2013 12:00am
Private sector energy bills: there's no feasible recovery mechanism

Private sector energy bills: there's no feasible recovery mechanism

The federal government may be in the process of sharpening the knife to ensure recovery of outstanding energy bills from provincial governments through the Federal Adjuster but it has failed to come up with any feasible recovery mechanism from private sec
Published 25 Jul, 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 Wednesday (July 24, 2013).

Published 25 Jul, 2013 12:00am
Private sector energy bills: there's no feasible recovery mechanism

Private sector energy bills: there's no feasible recovery mechanism

The federal government may be in the process of sharpening the knife to ensure recovery of outstanding energy bills from provincial governments through the Federal Adjuster but it has failed to come up with any feasible recovery mechanism from private sec
Published 25 Jul, 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 25 Jul, 2013 12:00am
Offices of ISI, police attacked: seven killed, 38 hurt in Sukkur

Offices of ISI, police attacked: seven killed, 38 hurt in Sukkur

Suicide car bombers and gunmen attacked a government complex housing offices of top intelligence agency Wednesday, sparking a shootout that killed seven people, officials said. The dead included four attackers, one intelligence agent and a government empl
Published 25 Jul, 2013 12:00am