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Print - 2013-10-12
BRIndex30 up by 94.87 points

BRIndex30 up by 94.87 points

On Friday, BRIndex30 opened at 12,973.57 and remained positive throughout the trading session. It touched an intraday high of 13,199.07 and an intraday low of 13,036.34 and closed at 13,068.44, which was 94.87 points or 0.73 percent higher than previous c
Published 12 Oct, 2013 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (October 11, 2013).

Published 12 Oct, 2013 12:00am
Syria disarmament plan approved by UNSC

Syria disarmament plan approved by UNSC

The UN Security Council on Friday formally approved a first joint mission with the Nobel Peace Prize winning global chemical arms watchdog to destroy Syria's weapons. The Organisation for the Prohibition of Chemical Weapons and the UN have a team of 60 ex
Published 12 Oct, 2013 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (October 11, 2013).

Published 12 Oct, 2013 12:00am
Syria disarmament plan approved by UNSC

Syria disarmament plan approved by UNSC

The UN Security Council on Friday formally approved a first joint mission with the Nobel Peace Prize winning global chemical arms watchdog to destroy Syria's weapons. The Organisation for the Prohibition of Chemical Weapons and the UN have a team of 60 ex
Published 12 Oct, 2013 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (October 11, 2013).

Published 12 Oct, 2013 12:00am
Chemical weapons watchdog wins Nobel Peace Prize

Chemical weapons watchdog wins Nobel Peace Prize

The watchdog now overseeing the destruction of Syria's chemical arsenal won the Nobel Peace Prize Friday for its efforts to rid the world of the devastating weapons. In a surprise choice, the Nobel committee honoured the UN-backed Organisation for the Pro
Published 12 Oct, 2013 12:00am
Chemical weapons watchdog wins Nobel Peace Prize

Chemical weapons watchdog wins Nobel Peace Prize

The watchdog now overseeing the destruction of Syria's chemical arsenal won the Nobel Peace Prize Friday for its efforts to rid the world of the devastating weapons. In a surprise choice, the Nobel committee honoured the UN-backed Organisation for the Pro
Published 12 Oct, 2013 12:00am
Neelum-Jhelum project: $50 million loan agreement inked with OFID

Neelum-Jhelum project: $50 million loan agreement inked with OFID

Pakistan and the Opec Fund for International Development (OFID) entered into a loan agreement here on Thursday, under which the OFID would provide 50 million US dollars for completion of Neelum-Jhelum hydropower project. Finance Minister Ishaq Dar and Dir
Published 12 Oct, 2013 12:00am
Neelum-Jhelum project: $50 million loan agreement inked with OFID

Neelum-Jhelum project: $50 million loan agreement inked with OFID

Pakistan and the Opec Fund for International Development (OFID) entered into a loan agreement here on Thursday, under which the OFID would provide 50 million US dollars for completion of Neelum-Jhelum hydropower project. Finance Minister Ishaq Dar and Dir
Published 12 Oct, 2013 12:00am
Neelum-Jhelum project: $50 million loan agreement inked with OFID

Neelum-Jhelum project: $50 million loan agreement inked with OFID

Pakistan and the Opec Fund for International Development (OFID) entered into a loan agreement here on Thursday, under which the OFID would provide 50 million US dollars for completion of Neelum-Jhelum hydropower project. Finance Minister Ishaq Dar and Dir
Published 12 Oct, 2013 12:00am
Reference sent against CJP, three other judges: LHCBA

Reference sent against CJP, three other judges: LHCBA

The Lahore High Court Bar Association has sent a reference to Supreme Judicial Council against Chief Justice Iftikhar Mohammad Chaudhry and three other judges - Justice Jawwad S Khawaja, Justice Sheikh Azmat Saeed and Justice Khilji Arif. LHCBA President
Published 12 Oct, 2013 12:00am
Reference sent against CJP, three other judges: LHCBA

Reference sent against CJP, three other judges: LHCBA

The Lahore High Court Bar Association has sent a reference to Supreme Judicial Council against Chief Justice Iftikhar Mohammad Chaudhry and three other judges - Justice Jawwad S Khawaja, Justice Sheikh Azmat Saeed and Justice Khilji Arif. LHCBA President
Published 12 Oct, 2013 12:00am
LoC tensions: allegations highly provocative: CoAS

LoC tensions: allegations highly provocative: CoAS

Chief of Army Staff (CoAS) General Ashfaq Parvez Kayani said Pakistan had serious concerns over continued violations of the Line of Control. In a statement issued by ISPR here on Friday, the CoAS showed that they had concerned about the continued violatio
Published 12 Oct, 2013 12:00am
LoC tensions: allegations highly provocative: CoAS

LoC tensions: allegations highly provocative: CoAS

Chief of Army Staff (CoAS) General Ashfaq Parvez Kayani said Pakistan had serious concerns over continued violations of the Line of Control. In a statement issued by ISPR here on Friday, the CoAS showed that they had concerned about the continued violatio
Published 12 Oct, 2013 12:00am
Boy martyred; three hurt

Boy martyred; three hurt

A 13-year-old boy was martyred and three others injured in an unprovoked firing by Indian occupation forces at the Line of Control (LoC) on Friday. According to details, Indian occupation troops continued unprovoked firing at Nakial Sector across Line of
Published 12 Oct, 2013 12:00am
Boy martyred; three hurt

Boy martyred; three hurt

A 13-year-old boy was martyred and three others injured in an unprovoked firing by Indian occupation forces at the Line of Control (LoC) on Friday. According to details, Indian occupation troops continued unprovoked firing at Nakial Sector across Line of
Published 12 Oct, 2013 12:00am
BISP: $430 million loan being negotiated with ADB

BISP: $430 million loan being negotiated with ADB

Talks between the government and Asian Development Bank are under way for $430 million loan for Benazir Income Support Programme (BISP). A spokesman told Business Recorder that no fixed timeline can be given in this regard. He acknowledged that BIS
Published 12 Oct, 2013 12:00am
BISP: $430 million loan being negotiated with ADB

BISP: $430 million loan being negotiated with ADB

Talks between the government and Asian Development Bank are under way for $430 million loan for Benazir Income Support Programme (BISP). A spokesman told Business Recorder that no fixed timeline can be given in this regard. He acknowledged that BIS
Published 12 Oct, 2013 12:00am
BISP: $430 million loan being negotiated with ADB

BISP: $430 million loan being negotiated with ADB

Talks between the government and Asian Development Bank are under way for $430 million loan for Benazir Income Support Programme (BISP). A spokesman told Business Recorder that no fixed timeline can be given in this regard. He acknowledged that BIS
Published 12 Oct, 2013 12:00am
Five references reopened against Zardari

Five references reopened against Zardari

An accountability court on Friday re-opened five National Accountability Bureau (NAB) references against former President Asif Ali Zardari and issued a notice to him to submit his response within two weeks. Sources in NAB said accountability court judge B
Published 12 Oct, 2013 12:00am
Five references reopened against Zardari

Five references reopened against Zardari

An accountability court on Friday re-opened five National Accountability Bureau (NAB) references against former President Asif Ali Zardari and issued a notice to him to submit his response within two weeks. Sources in NAB said accountability court judge B
Published 12 Oct, 2013 12:00am
LSE index improves by 63.13 points

LSE index improves by 63.13 points

Bullish sentiments dominated on the Lahore Stock Exchange on Friday and the equities registered gains amid ascending transaction volume on account of fresh buying. The LSE-25 index was improved by 63.13 points and was ended at 4333.53 against 4270.40 of T
Published 12 Oct, 2013 12:00am
LSE index improves by 63.13 points

LSE index improves by 63.13 points

Bullish sentiments dominated on the Lahore Stock Exchange on Friday and the equities registered gains amid ascending transaction volume on account of fresh buying. The LSE-25 index was improved by 63.13 points and was ended at 4333.53 against 4270.40 of T
Published 12 Oct, 2013 12:00am
ISE index gains slightly

ISE index gains slightly

Bulls dominated the proceedings at the Islamabad Stock Exchange (ISE) on Friday, 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 12.90 points as the ISE Ten
Published 12 Oct, 2013 12:00am
ISE index gains slightly

ISE index gains slightly

Bulls dominated the proceedings at the Islamabad Stock Exchange (ISE) on Friday, 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 12.90 points as the ISE Ten
Published 12 Oct, 2013 12:00am
Cantonment boards: Supreme Court dismayed at delay in LB polls

Cantonment boards: Supreme Court dismayed at delay in LB polls

Supreme Court of Pakistan on Friday expressed resentment over delay in local bodies' election in cantonment boards. The apex court had set a deadline of September 15 for conduct of local bodies' polls across the country. During the hearing of the case, th
Published 12 Oct, 2013 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 12 Oct, 2013 12:00am
LB polls: Defence secretary issued contempt notice

LB polls: Defence secretary issued contempt notice

The Supreme Court on Friday issued a contempt notice to Defence Secretary Lieutenant General Asif Yasin Malik (Retd), to explain why action should not be taken against him for non-compliance of court's orders to hold local bodies (LB) polls in cantonment
Published 12 Oct, 2013 12:00am
LB polls: Defence secretary issued contempt notice

LB polls: Defence secretary issued contempt notice

The Supreme Court on Friday issued a contempt notice to Defence Secretary Lieutenant General Asif Yasin Malik (Retd), to explain why action should not be taken against him for non-compliance of court's orders to hold local bodies (LB) polls in cantonment
Published 12 Oct, 2013 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 12 Oct, 2013 12:00am
US soon to overtake Russia as top oil producer

US soon to overtake Russia as top oil producer

The United States will become the world's largest oil producer next year - overtaking Russia - thanks to its shale oil boom which has transformed the global energy landscape, the West's energy watchdog said on Friday. The prediction comes only days after
Published 12 Oct, 2013 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 12 Oct, 2013 12:00am
US soon to overtake Russia as top oil producer

US soon to overtake Russia as top oil producer

The United States will become the world's largest oil producer next year - overtaking Russia - thanks to its shale oil boom which has transformed the global energy landscape, the West's energy watchdog said on Friday. The prediction comes only days after
Published 12 Oct, 2013 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 12 Oct, 2013 12:00am
US soon to overtake Russia as top oil producer

US soon to overtake Russia as top oil producer

The United States will become the world''s largest oil producer next year - overtaking Russia - thanks to its shale oil boom which has transformed the global energy landscape, the West''s energy watchdog said on Friday. The prediction comes only days afte
Published 12 Oct, 2013 12:00am
APNS holidays

APNS holidays

The member publications of the APNS will observe two closed holidays on account of Eidul Azha on Wednesday, October 16 and Thursday, October 17, 2013. Consequently, there will be no morning newspaper on Thursday, October 17 and Friday, October 18, 2013.
Published 12 Oct, 2013 12:00am
APNS holidays

APNS holidays

The member publications of the APNS will observe two closed holidays on account of Eidul Azha on Wednesday, October 16 and Thursday, October 17, 2013. Consequently, there will be no morning newspaper on Thursday, October 17 and Friday, October 18, 2013.
Published 12 Oct, 2013 12:00am
TCP to procure sugar on pro rata basis

TCP to procure sugar on pro rata basis

Trading Corporation of Pakistan (TCP) has decided in principle to procure sugar on pro rata basis from some 29 mills that have agreed to match the lowest bid. Sources told Business Recorder on Friday that in response to the TCP's price matching off
Published 12 Oct, 2013 12:00am
TCP to procure sugar on pro rata basis

TCP to procure sugar on pro rata basis

Trading Corporation of Pakistan (TCP) has decided in principle to procure sugar on pro rata basis from some 29 mills that have agreed to match the lowest bid. Sources told Business Recorder on Friday that in response to the TCP's price matching off
Published 12 Oct, 2013 12:00am
TCP to procure sugar on pro rata basis

TCP to procure sugar on pro rata basis

Trading Corporation of Pakistan (TCP) has decided in principle to procure sugar on pro rata basis from some 29 mills that have agreed to match the lowest bid. Sources told Business Recorder on Friday that in response to the TCP''s price matching of
Published 12 Oct, 2013 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (October 11, 2013).

Published 12 Oct, 2013 12:00am
Car sales up by eight percent YoY in first quarter Fiscal Year 2014

Car sales up by eight percent YoY in first quarter Fiscal Year 2014

Sale of locally-manufactured cars (including LCVs and Jeeps) has posted a growth of 8 percent to 32,841 units in first quarter of current fiscal year, against 30,541 units in the same period of last fiscal year. According to Shajarcapital, the detailed an
Published 12 Oct, 2013 12:00am
Car sales up by eight percent YoY in first quarter Fiscal Year 2014

Car sales up by eight percent YoY in first quarter Fiscal Year 2014

Sale of locally-manufactured cars (including LCVs and Jeeps) has posted a growth of 8 percent to 32,841 units in first quarter of current fiscal year, against 30,541 units in the same period of last fiscal year. According to Shajarcapital, the detailed an
Published 12 Oct, 2013 12:00am
Car sales up by eight percent YoY in first quarter Fiscal Year 2014

Car sales up by eight percent YoY in first quarter Fiscal Year 2014

Sale of locally-manufactured cars (including LCVs and Jeeps) has posted a growth of 8 percent to 32,841 units in first quarter of current fiscal year, against 30,541 units in the same period of last fiscal year. According to Shajarcapital, the detailed an
Published 12 Oct, 2013 12:00am
Taliban 'delighted' Malala missed out on Nobel

Taliban 'delighted' Malala missed out on Nobel

The Pakistani Taliban said Friday they were "delighted" Malala Yousufzai, the teenage education activist they tried to kill, missed out on the Nobel Peace Prize. The Tehrik-e-Taliban Pakistan (TTP) shot Malala in the head on her school bus on October 9 la
Published 12 Oct, 2013 12:00am
Taliban 'delighted' Malala missed out on Nobel

Taliban 'delighted' Malala missed out on Nobel

The Pakistani Taliban said Friday they were "delighted" Malala Yousufzai, the teenage education activist they tried to kill, missed out on the Nobel Peace Prize. The Tehrik-e-Taliban Pakistan (TTP) shot Malala in the head on her school bus on October 9 la
Published 12 Oct, 2013 12:00am
THE RUPEE: rates down

THE RUPEE: rates down

The rupee could not come out of the weak spells versus the dollar on the currency market on Friday, dealers said. The rupee drifted lower by 12 paisa in relation to the dollar for buying at Rs 106.20 and it also lost 15 paisa for selling at Rs 106.25, the
Published 12 Oct, 2013 12:00am
Malala asks World Bank to make education top priority

Malala asks World Bank to make education top priority

Malala Yousafzai, the schoolgirl activist who has become a world champion of girls' rights, called Friday for the World Bank to make education its top priority. Seated on a stage with World Bank President Jim Yong Kim in a one-on-one presentation in Washi
Published 12 Oct, 2013 12:00am
THE RUPEE: rates down

THE RUPEE: rates down

The rupee could not come out of the weak spells versus the dollar on the currency market on Friday, dealers said. The rupee drifted lower by 12 paisa in relation to the dollar for buying at Rs 106.20 and it also lost 15 paisa for selling at Rs 106.25, the
Published 12 Oct, 2013 12:00am
Malala asks World Bank to make education top priority

Malala asks World Bank to make education top priority

Malala Yousafzai, the schoolgirl activist who has become a world champion of girls' rights, called Friday for the World Bank to make education its top priority. Seated on a stage with World Bank President Jim Yong Kim in a one-on-one presentation in Washi
Published 12 Oct, 2013 12:00am
LCCI to observe 21st as 'Complaint Redressing Day'

LCCI to observe 21st as 'Complaint Redressing Day'

The Lahore Chamber of Commerce & Industry has decided to observe October 21 as "Complaint Redressing Day" for its members to enable them to do their businesses in an atmosphere conducive for it. The LCCI President Engineer Sohail Lashari while addressing
Published 12 Oct, 2013 12:00am
The foreign consultant

The foreign consultant

That all is not right in the kingdom of Pakistan is now apparent. There have been serious allegations about the political system and now the economic system is under clouds. The natural disasters have added anew to the avowed statement of the PM at the UN
Published 12 Oct, 2013 12:00am
NAB 'nabs' chairman

NAB 'nabs' chairman

At long last, the leaders of Treasury and Opposition in the National Assembly have found in senior bureaucrat Chaudhry Qamar Zaman the man who should be appointed chairman of the National Accountability Bureau. It was a marathon search and could have cont
Published 12 Oct, 2013 12:00am
Prime Minister needs to chart different course

Prime Minister needs to chart different course

The Pakistan Muslim League-Nawaz (PML-N) lost the Faisalabad seat PP-72 after a 20-year period to Pakistan Tehreek-e-Insaaf (PTI) in the recently held by-elections by 5,716 votes. This seat was won by PML-N in the May 11 general election and was vacated b
Published 12 Oct, 2013 12:00am
Railway retrieves over two million acres of land

Railway retrieves over two million acres of land

Pakistan Railways (PR) has retrieved around 2,704,750 acres land from illegal occupants across the country during its anti-encroachment campaign. The campaign started in February last year by the Railways, 2537.166 acres land out of total of 5662.667 acre
Published 12 Oct, 2013 12:00am
Agriculture commodities: secretaries directed to monitor auction

Agriculture commodities: secretaries directed to monitor auction

Special Secretary Agriculture Punjab Syed Rizwan Mehboob has directed the secretaries of all the market committees across the province to remain present at the time of auction of agricultural commodities and issue rate lists with their signatures. While p
Published 12 Oct, 2013 12:00am
Punjab government's role in agriculture sector hailed

Punjab government's role in agriculture sector hailed

PML-N leader and Member National Assembly Saeed Ahmad Khan Manais said Punjab Government was playing a vital role in the progress and development of agriculture sector and there were incentives for farmers in different projects. He expressed these views w
Published 12 Oct, 2013 12:00am
Government will construct Dasu, Bhasha dams simultaneously: Dar

Government will construct Dasu, Bhasha dams simultaneously: Dar

Finance Minister Ishaq Dar has said that Pakistan's introduction of key reforms and measures to fix the national economy have bolstered international confidence as top world institutions have expressed their willingness to partner in the country's develop
Published 12 Oct, 2013 12:00am
Vegetable seeds: PAD increases target of distribution

Vegetable seeds: PAD increases target of distribution

Punjab Agriculture Department (PAD), keeping in view the popularity of 'Kitchen Gardening' scheme, has increased the target of distribution of vegetables seed packets for the Rabi season from 30,000 to 100,000 packets. According to the PAD sources, the de
Published 12 Oct, 2013 12:00am
British Council Chairman lauds LCWU's initiatives

British Council Chairman lauds LCWU's initiatives

Lahore College for Women University (LCWU), during the next four years, aims to train 175 facilitators among the faculty to involve 4000 students per semester by 2016 in collaboration with British Council Pakistan. Active citizen program (ACP) by British
Published 12 Oct, 2013 12:00am
ITP fines 93 VIPs over traffic violations

ITP fines 93 VIPs over traffic violations

The personnel of Islamabad Traffic Police (ITP) fined 93 VIPs during last month over violation of traffic rules. According to ITP spokesman, ITP personnel who have proved their firmness to the basic vision by remaining polite and courteous, issued thousan
Published 12 Oct, 2013 12:00am
Barelvis oppose talks with Taliban

Barelvis oppose talks with Taliban

Ulema Board of Pakistan Sunni Tehreek (PST), a representative body of the Barelvi school of thought, Friday declared the government's proposed peace process with the Taliban as against the Shariah, saying the government has no right under Shariah to pardo
Published 12 Oct, 2013 12:00am
Seizure of blue passports abroad: Ministry yet to issue directive to FIA

Seizure of blue passports abroad: Ministry yet to issue directive to FIA

The Ministry of Interior has directed Federal Investigation Agency (FIA) to confiscate blue passports from all those who are not entitled to the facility but it is yet to make any arrangement for those who have already left the country. A senior FIA offic
Published 12 Oct, 2013 12:00am
Judge never altered any statement

Judge never altered any statement

Reacting to Prime Minister's remarks that a judge altered confessional statement of an accused out of fear, Sindh High Court on Friday examined the record of the concerned court, Aaj News reported. Quoting unnamed sources, the channel said the reco
Published 12 Oct, 2013 12:00am
Rape cases: DNA test must be considered as tangible evidence: PTI

Rape cases: DNA test must be considered as tangible evidence: PTI

PTI has demanded that in rape cases DNA test should be considered as tangible evidence. While addressing a press conference here on Friday, PTI president Ejaz Chaudhary said that in a society where barbarism is growing, it is imperative to accept DNA test
Published 12 Oct, 2013 12:00am
Ebad for foolproof security during Eid

Ebad for foolproof security during Eid

Sindh Governor, Dr Ishrat-ul-Ebad Khan, has called for foolproof security arrangements on the occasion of Eid-ul-Azha. He was presiding over a meeting regarding the Eid-ul-Azha, said a Governor House statement issued here Thursday evening. It said that he
Published 12 Oct, 2013 12:00am