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May 14, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2013-08-02
KW&SB takes stern action against five plazas

KW&SB takes stern action against five plazas

On the directives of Managing Director Karachi Water & Sewerage Board Misbahuddin Farid special KW&SB Team working under the supervision of DMD Revenue disconnected water and sewerage lines of 5 plazas. Motors of these plazas, who were defaulter of millio
Published 02 Aug, 2013 12:00am
NA-I Peshawar: PML-Q to support ANP candidate in by-elections

NA-I Peshawar: PML-Q to support ANP candidate in by-elections

Pakistan Muslim League-Quaid Khyber Pakhtunkhwa Chapter Thursday announced to support the candidate of Awami National Party Ghulam Ahmad Bilour, who is contesting on NA-I Peshawar I. The assurance was given during a meeting of the Pakistan Muslim League-Q
Published 02 Aug, 2013 12:00am
BSEK announces results of SSC Part-II Science Group

BSEK announces results of SSC Part-II Science Group

The Board of Secondary Education Karachi (BSEK) on Thursday announced the result of SSC Part-II Science Group Annual Examination 2013. It also announced that result of SSC Part-I & II Annual Examination 2013 results of deaf candidates. Ammar Samad Khan of
Published 02 Aug, 2013 12:00am
PTI condemns POL price hike

PTI condemns POL price hike

Pakistan Tahreek-e-Insaf (PTI) on Thursday has strongly condemned the increase in the price of petroleum products. While talking to media after boycotting the Punjab Assembly session, Opposition Leader and PTI senior leader Mian Mahmoodur Rasheed said the
Published 02 Aug, 2013 12:00am
Interest rates and Fund

Interest rates and Fund

Lowering the interest rate is a policy supported by the PML (N) with the objective of fuelling private sector borrowing. However, with the government domestic permanent debt expected to escalate to 292.5 billion rupees next year from the revised estimate
Published 02 Aug, 2013 12:00am
A case for building the 'IPO pipeline'

A case for building the 'IPO pipeline'

In any life cycle of a business, in particular during its initial growing stage, access to capital is the most treasured factor to assist in its growth and expansion. Capital markets can help provide an alternative recourse to the funding needed by the en
Published 02 Aug, 2013 12:00am
Diaspora sukuks: Attracting investments from overseas Pakistanis

Diaspora sukuks: Attracting investments from overseas Pakistanis

Against the drop scene of a huge plunge in Pakistani rupee against the US dollar in the last few days (leaving USD-PKR parity to 1:105 to 1:108, according to the official exchange rate and the open market, respectively), there is an apparent hue and cry a
Published 02 Aug, 2013 12:00am
FBR: new chairman, old challenges

FBR: new chairman, old challenges

Of all the federal government institutions, Federal Board of Revenue (FBR) is, rightly or wrongly, considered as the most incompetent, inefficient and corrupt. Even if it is merely a perception and not reality, it must change. Let us hope that Tariq Bajwa
Published 02 Aug, 2013 12:00am
Appointments of advisors and special assistants

Appointments of advisors and special assistants

The Sharif government met with its first reversal in facing the apex court regarding an unelected person's appointment to public office. Aviation Advisor to the Prime Minister, Shujat Azeem, threw in the towel before the court hearing a case related to de
Published 02 Aug, 2013 12:00am
Gold glitters but brings forex market woes

Gold glitters but brings forex market woes

The 30-day ban on import of gold imposed by the Economic Co-ordination Committee (ECC) of the Cabinet on 30th July has certain logic. There were serious apprehensions that the schemes for duty-free import of gold namely, "Entrustment" and "Self Consignmen
Published 02 Aug, 2013 12:00am
SAFE to hold conference on regional financial integration in October

SAFE to hold conference on regional financial integration in October

South Asian Federation of Exchanges (SAFE)-the only industry association of the stock exchanges in the South Asian region, has announced holding of a conference on regional financial integration in Islamabad during October 2013. Addressing a press briefin
Published 02 Aug, 2013 12:00am
Soyabean oil import rises 45 percent

Soyabean oil import rises 45 percent

The country's soyabean oil import posted a rise of 45 percent or $23.049 to $74.466 million during the just concluded fiscal year 2012-13, according to official statistics. Pakistan imported $74.466 million of soyabean oil during last fiscal year as compa
Published 02 Aug, 2013 12:00am
Security beefed up at Balochistan jails

Security beefed up at Balochistan jails

The security has been beefed up at prisons across Balochistan province following a brazen militant attack on a jail in Khyber Pakhtunkhwa's Dera Ismail Khan, which led to the escape of nearly 250 prisoners. Security sources said Frontier Constabulary comm
Published 02 Aug, 2013 12:00am
ACCA, IMA announce new global strategic initiative

ACCA, IMA announce new global strategic initiative

The Association of Chartered Certified Accountants (ACCA) and IMA Institute of Management Accountants (IMA) announce a new strategic initiative for the global finance profession, financial leadership and performance. Launched officially on 23 June 2013 du
Published 02 Aug, 2013 12:00am
Khyber Pakhtunkhwa business community rejects power tariff hike

Khyber Pakhtunkhwa business community rejects power tariff hike

The business community and industrialists have rejected the power tariff hike up to Rs 7 per unit, announced in the new power policy, termed that the decision would be directly affected businesses, and trigger further inflation and unemployment in the cou
Published 02 Aug, 2013 12:00am
Mobilink arranges Iftar dinner at Edhi Home for Women

Mobilink arranges Iftar dinner at Edhi Home for Women

Mobilink Foundation Torchbearers on Thursday visited the Edhi Old Age Home for Women in Karachi to arrange an Iftar dinner with over 250 women. The Iftar was arranged in line with Mobilink Foundation's belief in spreading joy and helping the under privile
Published 02 Aug, 2013 12:00am
HBL Asset Management approves interim dividends

HBL Asset Management approves interim dividends

HBL Asset Management Limited approves 1st Interim dividend for HBL Money Market Fund and HBL Islamic Money Market Fund for the year ending June 30, 2014. Chief Executive, under the authority of the Board of Directors of HBL Asset Management Limited, has a
Published 02 Aug, 2013 12:00am
HBL Asset Management approves interim dividends

HBL Asset Management approves interim dividends

HBL Asset Management Limited approves 1st Interim dividend for HBL Money Market Fund and HBL Islamic Money Market Fund for the year ending June 30, 2014. Chief Executive, under the authority of the Board of Directors of HBL Asset Management Limited, has a
Published 02 Aug, 2013 12:00am
Khyber Pakhtunkhwa rejects increase in power tariff

Khyber Pakhtunkhwa rejects increase in power tariff

The spokesman of Khyber Pakhtunkhwa government, Shaukat Ali Yusufzai has said on Thursday that the provincial government is out rightly rejecting increase in the power tariff. Talking to media, he said that federal government is linking the increase in po
Published 02 Aug, 2013 12:00am
PakWheels celebrates 10th anniversary

PakWheels celebrates 10th anniversary

PakWheels, the largest community based automobile website in Pakistan with more than 300,000 plus registered car and motorcycle enthusiasts, is celebrating its 10-year anniversary this summer. With a passion for cars and travelling, Pakweels Founder Hanif
Published 02 Aug, 2013 12:00am
Car with explosives seized in Peshawar

Car with explosives seized in Peshawar

Capital City Police has foiled a terrorism bid by capturing an explosive laden motorcar and two accused on Frontier Road in the jurisdiction of Police Station Mathani last night. Talking to media, Superintendent of Police (SP) Rural, Peshawar, Shafiullah
Published 02 Aug, 2013 12:00am
Interim distribution of MCB-AH Funds announced

Interim distribution of MCB-AH Funds announced

The Board of Directors of MCB-Arif Habib Savings and Investments Limited (formerly: Arif Habib Investments Limited) (MCB-AH) has authorised the Chief Executive Officer (CEO) to consider and approve on their behalf the interim distribution out of profit ea
Published 02 Aug, 2013 12:00am
Interim distribution of MCB-AH Funds announced

Interim distribution of MCB-AH Funds announced

The Board of Directors of MCB-Arif Habib Savings and Investments Limited (formerly: Arif Habib Investments Limited) (MCB-AH) has authorised the Chief Executive Officer (CEO) to consider and approve on their behalf the interim distribution out of profit ea
Published 02 Aug, 2013 12:00am
CPI inflation increases 8.26 percent in July

CPI inflation increases 8.26 percent in July

The Consumer Price Index (CPI) inflation increased by 8.26 percent during July-2013 as compared to the same period of last year, according to Pakistan Bureau of Statistics (PBS). Addressing a press conference on Thursday, PBS Member National Accounts, Tra
Published 02 Aug, 2013 12:00am
Index turns bearish

Index turns bearish

Prime Minster Nawaz Sharif''s maiden visit to the metropolis fails to cheer up the stock market and the KSE-100 Index shed 220.91 points to close at 23,091.87 level from 23,312.79 Wednesday. The local bourse opened in green zone but slipped into the negat
Published 02 Aug, 2013 12:00am
BRIndex30 down by 301.3 points

BRIndex30 down by 301.3 points

On Thursday, BRIndex30 opened at 15,222.44. It touched an intraday high of 15,332.95 and an intraday low of 14,887.41 and closed at 14,921.14 which was -301.3 points or -1.98 percent lower than previous close. Total volume was 123,739,900, which was 62.05
Published 02 Aug, 2013 12:00am
BRIndex30 down by 301.3 points

BRIndex30 down by 301.3 points

On Thursday, BRIndex30 opened at 15,222.44. It touched an intraday high of 15,332.95 and an intraday low of 14,887.41 and closed at 14,921.14 which was -301.3 points or -1.98 percent lower than previous close. Total volume was 123,739,900, which was 62.05
Published 02 Aug, 2013 12:00am
US, Pakistan agree to resume stalled strategic dialogue

US, Pakistan agree to resume stalled strategic dialogue

Pakistan and United States on Thursday agreed to revive stalled strategic dialogue to further deepen their partnership in various fields after a two-year-long stalemate caused by Salala incident in May 2011. The agreement was made after US Secretary of St
Published 02 Aug, 2013 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (August 01, 2013).

Published 02 Aug, 2013 12:00am
US, Pakistan agree to resume stalled strategic dialogue

US, Pakistan agree to resume stalled strategic dialogue

Pakistan and United States on Thursday agreed to revive stalled strategic dialogue to further deepen their partnership in various fields after a two-year-long stalemate caused by Salala incident in May 2011. The agreement was made after US Secretary of St
Published 02 Aug, 2013 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (August 01, 2013).

Published 02 Aug, 2013 12:00am
Zardari for a 'Marshall Plan'

Zardari for a 'Marshall Plan'

President Asif Ali Zardari called upon the international community, especially the United States, to step forward and prepare a 'Marshall Plan' for Pakistan for strategic economic stability and advancement of Pakistan's development agenda.
Published 02 Aug, 2013 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (August 01, 2013).

Published 02 Aug, 2013 12:00am
Zardari for a 'Marshall Plan'

Zardari for a 'Marshall Plan'

President Asif Ali Zardari called upon the international community, especially the United States, to step forward and prepare a 'Marshall Plan' for Pakistan for strategic economic stability and advancement of Pakistan's development agenda.
Published 02 Aug, 2013 12:00am
Zardari for a ''Marshall Plan''

Zardari for a ''Marshall Plan''

President Asif Ali Zardari called upon the international community, especially the United States, to step forward and prepare a ''Marshall Plan'' for Pakistan for strategic economic stability and advancement of Pakistan''s development agenda.
Published 02 Aug, 2013 12:00am
Pakistan rice shipment rejected by US customs

Pakistan rice shipment rejected by US customs

A shipment of rice from Pakistan was refused entry into the United States after US Customs and Border Protection (CBP) agriculture specialists discovered Khapra beetles, an invasive species, in the shipment, the agency said on Wednesday in a release. The
Published 02 Aug, 2013 12:00am
Pakistan rice shipment rejected by US customs

Pakistan rice shipment rejected by US customs

A shipment of rice from Pakistan was refused entry into the United States after US Customs and Border Protection (CBP) agriculture specialists discovered Khapra beetles, an invasive species, in the shipment, the agency said on Wednesday in a release. The
Published 02 Aug, 2013 12:00am
Pakistan rice shipment rejected by US customs

Pakistan rice shipment rejected by US customs

A shipment of rice from Pakistan was refused entry into the United States after US Customs and Border Protection (CBP) agriculture specialists discovered Khapra beetles, an invasive species, in the shipment, the agency said on Wednesday in a release. The
Published 02 Aug, 2013 12:00am
Pakistan rice shipment rejected by US customs

Pakistan rice shipment rejected by US customs

A shipment of rice from Pakistan was refused entry into the United States after US Customs and Border Protection (CBP) agriculture specialists discovered Khapra beetles, an invasive species, in the shipment, the agency said on Wednesday in a release. The
Published 02 Aug, 2013 12:00am
PQA wants to take 'encroached' land back

PQA wants to take 'encroached' land back

Port Qasim Authority (PQA) has, reportedly, sought federal government's assistance to take back illegally occupied land worth billions of rupees, well informed sources in PQA told Business Recorder from Karachi. Over 1200 acres of PQA land under il
Published 02 Aug, 2013 12:00am
PQA wants to take 'encroached' land back

PQA wants to take 'encroached' land back

Port Qasim Authority (PQA) has, reportedly, sought federal government's assistance to take back illegally occupied land worth billions of rupees, well informed sources in PQA told Business Recorder from Karachi. Over 1200 acres of PQA land under il
Published 02 Aug, 2013 12:00am
PQA wants to take ''encroached'' land back

PQA wants to take ''encroached'' land back

Port Qasim Authority (PQA) has, reportedly, sought federal government''s assistance to take back illegally occupied land worth billions of rupees, well informed sources in PQA told Business Recorder from Karachi. Over 1200 acres of PQA land under i
Published 02 Aug, 2013 12:00am
'Lahore Declaration': Prime Minister seeks to restart dialogue process

'Lahore Declaration': Prime Minister seeks to restart dialogue process

Prime Minister Nawaz Sharif said on Thursday that his government wanted to maintain good ties with India. He was talking to media persons after he visited the Mazaar of the Quaid. To a question on improving relations with India, Nawaz said the government
Published 02 Aug, 2013 12:00am
'Lahore Declaration': Prime Minister seeks to restart dialogue process

'Lahore Declaration': Prime Minister seeks to restart dialogue process

Prime Minister Nawaz Sharif said on Thursday that his government wanted to maintain good ties with India. He was talking to media persons after he visited the Mazaar of the Quaid. To a question on improving relations with India, Nawaz said the government
Published 02 Aug, 2013 12:00am
India hints at restarting talks

India hints at restarting talks

India hinted Thursday at restarting peace talks with Pakistan that stalled over clashes earlier this year in held Kashmir. Foreign Secretary Sujatha Singh said India would be "picking up the threads" of peace talks with the new government led by Prime Min
Published 02 Aug, 2013 12:00am
India hints at restarting talks

India hints at restarting talks

India hinted Thursday at restarting peace talks with Pakistan that stalled over clashes earlier this year in held Kashmir. Foreign Secretary Sujatha Singh said India would be "picking up the threads" of peace talks with the new government led by Prime Min
Published 02 Aug, 2013 12:00am
ECB holds rates, confirms no move for 'extended period'

ECB holds rates, confirms no move for 'extended period'

The European Central Bank left interest rates at a record low 0.5 percent on Thursday and affirmed that they will remain there for some while to come and could yet fall further. ECB President Mario Draghi hinted that policy would not be tightened until we
Published 02 Aug, 2013 12:00am
ECB holds rates, confirms no move for 'extended period'

ECB holds rates, confirms no move for 'extended period'

The European Central Bank left interest rates at a record low 0.5 percent on Thursday and affirmed that they will remain there for some while to come and could yet fall further. ECB President Mario Draghi hinted that policy would not be tightened until we
Published 02 Aug, 2013 12:00am
ECB holds rates, confirms no move for ''extended period''

ECB holds rates, confirms no move for ''extended period''

The European Central Bank left interest rates at a record low 0.5 percent on Thursday and affirmed that they will remain there for some while to come and could yet fall further. ECB President Mario Draghi hinted that policy would not be tightened until we
Published 02 Aug, 2013 12:00am
CEC should have continued, Prime Minister expresses his 'desire'

CEC should have continued, Prime Minister expresses his 'desire'

When asked about the resignation tendered by the Chief Election Commissioner (CEC), former Justice Fakhrud-din G. Ebrahim, Prime Minister Nawaz Sharif told media persons after his visit to the Quaid's mausoleum that CEC performed his duties ably and did h
Published 02 Aug, 2013 12:00am
CEC should have continued, Prime Minister expresses his 'desire'

CEC should have continued, Prime Minister expresses his 'desire'

When asked about the resignation tendered by the Chief Election Commissioner (CEC), former Justice Fakhrud-din G. Ebrahim, Prime Minister Nawaz Sharif told media persons after his visit to the Quaid's mausoleum that CEC performed his duties ably and did h
Published 02 Aug, 2013 12:00am
Bearish sentiments prevail on LSE

Bearish sentiments prevail on LSE

Bearish sentiments dominated on the Lahore Stock Exchange on Thursday and the equities registered declines amid selling pressure in bluechips. The LSE-25 index lost 56.52 points to close at 4988.41 against 5044.93 of Wednesday while transaction volume was
Published 02 Aug, 2013 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 02 Aug, 2013 12:00am
Bearish sentiments prevail on LSE

Bearish sentiments prevail on LSE

Bearish sentiments dominated on the Lahore Stock Exchange on Thursday and the equities registered declines amid selling pressure in bluechips. The LSE-25 index lost 56.52 points to close at 4988.41 against 5044.93 of Wednesday while transaction volume was
Published 02 Aug, 2013 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 02 Aug, 2013 12:00am
ISE index sheds 45.57 points

ISE index sheds 45.57 points

Bears retuned 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 47.57 points as the index moved from 4,376.05 to 4,328.48 points on Thursday. The overall tu
Published 02 Aug, 2013 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 02 Aug, 2013 12:00am
ISE index sheds 45.57 points

ISE index sheds 45.57 points

Bears retuned 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 47.57 points as the index moved from 4,376.05 to 4,328.48 points on Thursday. The overall tu
Published 02 Aug, 2013 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 02 Aug, 2013 12:00am
Japan lifts GM-linked ban on US wheat imports

Japan lifts GM-linked ban on US wheat imports

Japan resumed imports of some US wheat Thursday, ending a two-month suspension that came after genetically engineered crops were found on an Oregon farm. The agriculture ministry purchased 89,579 tonnes of Western White on Thursday, an official with the m
Published 02 Aug, 2013 12:00am
DHA accounts partly unfrozen

DHA accounts partly unfrozen

The Supreme Court on Thursday conditionally relaxed its earlier order of freezing Defence Housing Authority (DHA) Rawalpindi/Islamabad accounts to the extent of paying Rs 52.8 million salaries to employees of the housing society in response to the plea ma
Published 02 Aug, 2013 12:00am
DHA accounts partly unfrozen

DHA accounts partly unfrozen

The Supreme Court on Thursday conditionally relaxed its earlier order of freezing Defence Housing Authority (DHA) Rawalpindi/Islamabad accounts to the extent of paying Rs 52.8 million salaries to employees of the housing society in response to the plea ma
Published 02 Aug, 2013 12:00am
DHA accounts partly unfrozen

DHA accounts partly unfrozen

The Supreme Court on Thursday conditionally relaxed its earlier order of freezing Defence Housing Authority (DHA) Rawalpindi/Islamabad accounts to the extent of paying Rs 52.8 million salaries to employees of the housing society in response to the plea ma
Published 02 Aug, 2013 12:00am
Punjab governor's appointment challenged

Punjab governor's appointment challenged

A senior Bar member, Barrister Javed Iqbal Jafree, on Thursday moved a petition before the Lahore High Court challenging the appointment of Chaudhry Sarwar as governor Punjab. The petitioner stated that Chaudhry Sarwar did not have adequate education and
Published 02 Aug, 2013 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (August 01, 2013).

Published 02 Aug, 2013 12:00am
Punjab governor's appointment challenged

Punjab governor's appointment challenged

A senior Bar member, Barrister Javed Iqbal Jafree, on Thursday moved a petition before the Lahore High Court challenging the appointment of Chaudhry Sarwar as governor Punjab. The petitioner stated that Chaudhry Sarwar did not have adequate education and
Published 02 Aug, 2013 12:00am
CPI inflation increases 8.26 percent in July

CPI inflation increases 8.26 percent in July

The Consumer Price Index (CPI) inflation increased by 8.26 percent during July-2013 as compared to the same period of last year, according to Pakistan Bureau of Statistics (PBS). Addressing a press conference on Thursday, PBS Member National Accounts, Tra
Published 02 Aug, 2013 12:00am
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