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Apr 27, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2013-10-12
LSE holidays

LSE holidays

Lahore Stock Exchange (LSE) will remain closed from Tuesday to Thursday (October 15 to 17) on account of Eid-ul-Azha. The office of the LSE will resume trading from Friday (October 18), a spokesman of LSE said.
Published 12 Oct, 2013 12:00am
TES showcases various products at ITCN Asia

TES showcases various products at ITCN Asia

Transworld Enterprise Services (TES) and its exhibited products were positively received by conference delegates at the ITCN Asia exhibition, held from October 8 to 10, at the Karachi Expo Centre. At the event, TES showcased its Premium IPT, MPLS/IPLC, Da
Published 12 Oct, 2013 12:00am
Motiwala resigns as SBI chairman

Motiwala resigns as SBI chairman

Chairman, Sindh Board of Investment (SBI), Zubair Motiwala, has submitted his resignation to Sindh Chief Minister. Motiwala said that he had resigned on personal grounds and had no differences with Chief Minister, ministers or any government official. He
Published 12 Oct, 2013 12:00am
Early recovery of missing MQM workers demanded

Early recovery of missing MQM workers demanded

The members of the family of missing workers of Muttahida Quami Movement (MQM) on Friday staged a protest demonstration against non-recovery of their beloved ones outside the Karachi Press Club (KPC). The heirs of missing MQM workers along with children d
Published 12 Oct, 2013 12:00am
Cattle market generates Rs 1.8 billion business

Cattle market generates Rs 1.8 billion business

The annual cattle market generated some Rs 18 billion business activities this year with around 190, 000 sacrificial animals for sales, it is learnt. Customers, however, complain that this year too the prices of animals are on higher side "every year the
Published 12 Oct, 2013 12:00am
Book published

Book published

An amended and updated edition of the book 'Piyaas Aur Aflaas Ka Sehra' by journalist Saeed Khawar has been published. It has been termed an encyclopaedia on the Thar Desert.
Published 12 Oct, 2013 12:00am
Thumb-impression verification: SHC dismisses Marwat's petition

Thumb-impression verification: SHC dismisses Marwat's petition

Sindh High Court (SHC) on Friday dismissed the petition filed by PML-N MPA Irfanullah Marwat against verification of thumb impressions of votes cast at polling stations of PS-114 constituency in Karachi. The PML-N leader Irfanullah Marwat approached the c
Published 12 Oct, 2013 12:00am
UNICEF team calls on PU vice chancellor

UNICEF team calls on PU vice chancellor

A delegation of UNICEF called on PU Vice Chancellor Dr Mujahid Kamran at his office here on Friday. UNICEF polio team's head Per Engebak, UNICEF Health Specialist Punjab Dr Tahir Manzoor, PU ASA President Dr Ehsan Sharif, Secretary Javed Sami, Institute o
Published 12 Oct, 2013 12:00am
HEC to get chairman after Eid: minister

HEC to get chairman after Eid: minister

State Minister for Education, Trainings and Standards in Higher Education Muhammad Baligh-Ur-Rehman said on Friday that chairman Higher Education Commission (HEC) will be appointed after Eidul Azha. Talking to Business Recorder, the Minister said that a s
Published 12 Oct, 2013 12:00am
Extortion rackets: Illegal SIMs main weapon of outlaws: businessmen

Extortion rackets: Illegal SIMs main weapon of outlaws: businessmen

Unregistered mobile SIMs are the key weapon of outlaws operating extortion rackets and kidnapping for ransom 'business' in the city, said businessmen here on Friday. Traders of the old city areas fear the extortionists may intensify their activities with
Published 12 Oct, 2013 12:00am
Hub bypass: Lasbela Chamber seeks early completion of work

Hub bypass: Lasbela Chamber seeks early completion of work

President Lasbela Chamber of Commerce and Industry (LCCI), Ismail Suttar has urged the Chairman National Highway Authority (NHA), Maroof , to use his good offices to help expedite construction of Hub Bypass. In a letter to the chairman he said that the co
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
Tax returns: PHMA urges FBR to extend date

Tax returns: PHMA urges FBR to extend date

Pakistan Hosiery Manufacturers and Exporters Association (PHMA) has urged Federal Board of Revenue (FBR) to extend the date for filing sales tax, federal excise duty returns. In a letter, the PHMA has requested FBR to extend the date for filing returns fr
Published 12 Oct, 2013 12:00am
Huge quantity of foreign currency seized in Balochistan

Huge quantity of foreign currency seized in Balochistan

Anti Smuggling Operations (ASO) of Model Customs Collectorate (MCC) Quetta on Friday claimed to have seized huge quantity of foreign currency worth Rs 52 million. According to official sources, ASO Quetta had made notable seizures during last two weeks at
Published 12 Oct, 2013 12:00am
KU cancels admissions of three students

KU cancels admissions of three students

The University of Karachi has cancelled the admissions of three students as their marks sheets have been found to be `fake'. This was stated by the University's Director of Admissions, Professor Dr Khalid Iraqi, on Friday. The students were of masters/dip
Published 12 Oct, 2013 12:00am
20 criminals held

20 criminals held

Rangers on Friday arrested 20 hardened criminals including Lyari Gang War elements and criminals affiliated with political groups. Rangers conducted targeted raids in New Karachi, Qasba Colony, Jacob Lines, FC Area, Orangi Sector 1/C, Ranchhore Line, Usma
Published 12 Oct, 2013 12:00am
The LoI

The LoI

There has been a lot of talk about the Letter of Intent (LoI) that Pakistan sent to the International Monetary Fund (IMF) to seek $6.7 billion assistance. It detailed the government's commitment to implement an entire range of policy reforms - prior as we
Published 12 Oct, 2013 12:00am
China deploys 'charm diplomacy' at ASEAN summit

China deploys 'charm diplomacy' at ASEAN summit

Chinese Premier Li Keqiang has been on a charm offensive at the annual leaders' summit at the Association of South-East Asian Nations (ASEAN) in Brunei, seizing on the absence of US President Barack Obama at the regional meeting. "We are ready to share we
Published 12 Oct, 2013 12:00am
Indonesian miners risk lives in modern-day gold rush

Indonesian miners risk lives in modern-day gold rush

In a desolate area of central Indonesia where lush rainforest once stood, illegal miners on the frontline of a modern-day gold rush tear up the earth in the hunt for the precious metal. Thousands of men use high-pressure hoses to blast tonnes of sand out
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
G20 urges US to act quickly to avoid default

G20 urges US to act quickly to avoid default

Finance officials from the world's biggest economies on Friday pressed the United States to head off a potentially devastating default and vowed to proceed carefully when the time comes to normalise monetary policy. A communique issued at the end of a mee
Published 12 Oct, 2013 12:00am
G20 urges US to act quickly to avoid default

G20 urges US to act quickly to avoid default

Finance officials from the world''s biggest economies on Friday pressed the United States to head off a potentially devastating default and vowed to proceed carefully when the time comes to normalise monetary policy. A communique issued at the end of a me
Published 12 Oct, 2013 12:00am
Index gains 100.41 points

Index gains 100.41 points

The current trading week closed on a positive note at Karachi Stock Exchange (KSE) as the 100-Index recovered another 100.41 points Friday to close at 21,775.39 against 21,674.98 Thursday. The index touched 21,944 highest and 21,674 lowest levels during t
Published 12 Oct, 2013 12:00am
Index gains 100.41 points

Index gains 100.41 points

The current trading week closed on a positive note at Karachi Stock Exchange (KSE) as the 100-Index recovered another 100.41 points Friday to close at 21,775.39 against 21,674.98 Thursday. The index touched 21,944 highest and 21,674 lowest levels during t
Published 12 Oct, 2013 12:00am
Index gains 100.41 points

Index gains 100.41 points

The current trading week closed on a positive note at Karachi Stock Exchange (KSE) as the 100-Index recovered another 100.41 points Friday to close at 21,775.39 against 21,674.98 Thursday. The index touched 21,944 highest and 21,674 lowest levels during t
Published 12 Oct, 2013 12:00am
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
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
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