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Print - 2013-08-02
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
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
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
TCP procures 50,000 tons of sugar from 34 mills

TCP procures 50,000 tons of sugar from 34 mills

Following the directives of the federal government, the Trading Corporation of Pakistan (TCP) has procured some 50,000 tons of sugar from 34 local mills. Sources told Business Recorder on Thursday that TCP has finalised deals for the procurement of
Published 02 Aug, 2013 12:00am
THE RUPEE: mixed trend

THE RUPEE: mixed trend

Rupee-dollar parity rates moved both ways on the currency market on Thursday in the process of trading, dealers said. The rupee gave up overnight firmness versus the dollar, shedding eight paisa for buying at Rs 101.88 and it also fell by five paisa for s
Published 02 Aug, 2013 12:00am
TCP procures 50,000 tons of sugar from 34 mills

TCP procures 50,000 tons of sugar from 34 mills

Following the directives of the federal government, the Trading Corporation of Pakistan (TCP) has procured some 50,000 tons of sugar from 34 local mills. Sources told Business Recorder on Thursday that TCP has finalised deals for the procurement of
Published 02 Aug, 2013 12:00am
THE RUPEE: mixed trend

THE RUPEE: mixed trend

Rupee-dollar parity rates moved both ways on the currency market on Thursday in the process of trading, dealers said. The rupee gave up overnight firmness versus the dollar, shedding eight paisa for buying at Rs 101.88 and it also fell by five paisa for s
Published 02 Aug, 2013 12:00am
TCP procures 50,000 tons of sugar from 34 mills

TCP procures 50,000 tons of sugar from 34 mills

Following the directives of the federal government, the Trading Corporation of Pakistan (TCP) has procured some 50,000 tons of sugar from 34 local mills. Sources told Business Recorder on Thursday that TCP has finalised deals for the procurement of
Published 02 Aug, 2013 12:00am
US House passes Iran sanctions bill to slash oil exports

US House passes Iran sanctions bill to slash oil exports

The House of Representatives easily passed a bill on Wednesday to tighten sanctions on Iran, showing a strong message to Tehran over its disputed nuclear program days before President-elect Hassan Rouhani is sworn in. The vote also highlighted a growing d
Published 02 Aug, 2013 12:00am
US House passes Iran sanctions bill to slash oil exports

US House passes Iran sanctions bill to slash oil exports

The House of Representatives easily passed a bill on Wednesday to tighten sanctions on Iran, showing a strong message to Tehran over its disputed nuclear program days before President-elect Hassan Rouhani is sworn in. The vote also highlighted a growing d
Published 02 Aug, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (August 01, 2013).

Published 02 Aug, 2013 12:00am
US House passes Iran sanctions bill to slash oil exports

US House passes Iran sanctions bill to slash oil exports

The House of Representatives easily passed a bill on Wednesday to tighten sanctions on Iran, showing a strong message to Tehran over its disputed nuclear program days before President-elect Hassan Rouhani is sworn in. The vote also highlighted a growing d
Published 02 Aug, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (August 01, 2013).

Published 02 Aug, 2013 12:00am
US House passes Iran sanctions bill to slash oil exports

US House passes Iran sanctions bill to slash oil exports

The House of Representatives easily passed a bill on Wednesday to tighten sanctions on Iran, showing a strong message to Tehran over its disputed nuclear program days before President-elect Hassan Rouhani is sworn in. The vote also highlighted a growing d
Published 02 Aug, 2013 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Thursday (August 01, 2013).

Published 02 Aug, 2013 12:00am
Additional tax: Supreme Court seeks clarification from FBR

Additional tax: Supreme Court seeks clarification from FBR

The Supreme Court on Thursday sought a clarification from Federal Board of Revenue (FBR) to explain under which provision of law an additional tax was being charged from Compressed Natural Gas (CNG) sector. A three-judge bench led by Chief Justice Iftikha
Published 02 Aug, 2013 12:00am
UVAS, DRDF to collaborate in training programmes

UVAS, DRDF to collaborate in training programmes

The University of Veterinary and Animal Sciences (UVAS) Lahore's Institute of Continuing Education and Extension and Dairy and Rural Development Foundation (DRDF) signed a memorandum of understanding (MoU) to execute various training programmes in livesto
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
Body formed to probe irregularities in billboard's revenue

Body formed to probe irregularities in billboard's revenue

Federal minister Railway, Khawaja Saad Rafiq constituted a four-member committee, which will probe irregularities in billboard's revenue and poor performance of Real Estate Development and Marketing Company and ordered to submit a details report in 30 day
Published 02 Aug, 2013 12:00am
Inter admissions: GCU's first merit list on August 6

Inter admissions: GCU's first merit list on August 6

The Government College University Lahore will display its first merit list of admissions to intermediate first year on August 6, while August 2 (today) is the last date for submitting admission forms. The spokesman for GCU said that merit list would also
Published 02 Aug, 2013 12:00am
Experts concerned at rise in dengue cases in Karachi, Punjab

Experts concerned at rise in dengue cases in Karachi, Punjab

Health professionals have expressed concern over current dengue situation in Karachi and apprehended that dengue cases would be increased in Punjab especially in Lahore on the occasion of Eidul Fitr when a large number of people would arrive here. Terming
Published 02 Aug, 2013 12:00am
Quetta-Pindi Eid special trains

Quetta-Pindi Eid special trains

Pakistan Railways will operate Quetta-Rawalpindi Eid special train on the 6th of this month. Arrangements have been finalised to run special Eid trains for passengers who want to celebrate Eid with their families.
Published 02 Aug, 2013 12:00am
PO killed in encounter

PO killed in encounter

A proclaimed offender was killed while his cohort managed to escape after exchange of fire with police here in the wee hours of Thursday. According to details, the police on secret information conducted raid in Kahena area of Lahore to arrest a criminal.
Published 02 Aug, 2013 12:00am
Attack on Sri Lankan cricket team: LHC issues notice

Attack on Sri Lankan cricket team: LHC issues notice

A division bench of the Lahore High Court here on Thursday issued notice in a petition of Punjab government praying to cancel the bail of Zubari Ahmed, main accused involved in attack on Sri Lankan cricket team. The bench issuing notice refer the petition
Published 02 Aug, 2013 12:00am
LCCI hails new Governor Punjab's appointment

LCCI hails new Governor Punjab's appointment

The Lahore Chamber of Commerce and Industry (LCCI) has congratulated the newly appointed Governor Punjab Chaudhry Mohammad Sarwar and hoped that he would utilise his best abilities to strengthen Public-private sector liaison. LCCI President Farooq Iftikha
Published 02 Aug, 2013 12:00am