News Archives for Print - 2013-10-19 - Business Recorder

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Print - 2013-10-19

Five killed in various incidents

Five killed in various incidents

At least five people were killed in different incidents of violence in the city during three days of Eidul Azha, police and rescue sources said. A man and his wife were gunned down at Rashid Minhas Road in the limits of Gulberg police station. The victims

Published 19 Oct, 2013 12:00am

Eidul Azha celebrated with religious zeal in Sialkot

Eidul Azha celebrated with religious zeal in Sialkot

Eidul Azha was celebrated with usual enthusiasm and religious fervour in Sialkot, Daska, Pasrur, Zafarwal, Sambrial and Ugoki areas of Sialkot district on Friday.

Published 19 Oct, 2013 12:00am

Arrangement for cleanliness: Lahorites satisfied with CDGL working

Arrangement for cleanliness: Lahorites satisfied with CDGL working

Lahorites showed satisfaction over the City District Government Lahore (CDGL) arrangement for cleanliness during the Eidul Azha. With the co-operation of the Lahore Waste Management Company (LWMC), Water and Sanitation Authority (Wasa) and its Public Heal

Published 19 Oct, 2013 12:00am

Jamat-e-Islami asks Nawaz to raise drone issue with Obama

Jamat-e-Islami asks Nawaz to raise drone issue with Obama

Ameer Jamat-e-Islami Pakistan Syed Munawar Hassan said Prime Minister Nawaz Sharif during his scheduled meeting with US President Barack Obama should raise the issue of drone attacks and tracks because thousands of people have lost their lives due to thes

Published 19 Oct, 2013 12:00am

Shujaat hints at alliance with PTI in LB polls

Shujaat hints at alliance with PTI in LB polls

PML-Q President Chaudhry Shujaat Hussain has hinted at entering into alliance with the PTI during the local government elections. Talking to media here after Eid prayers, the PML-Q Chief alleged that delimitation of constituencies was being done in a way

Published 19 Oct, 2013 12:00am

Nawaz, Shahbaz offer Eid prayer in Raiwind

Nawaz, Shahbaz offer Eid prayer in Raiwind

Prime Minister Nawaz Sharif and Punjab Chief Minister Shahbaz Sharif offered Eid prayer at their Jati Umra residence, Raiwind on Wednesday. On this occasion, special prayers were offered for peace, stability and prosperity of the country. The premier's so

Published 19 Oct, 2013 12:00am

Shahbaz rewards LWMC staff for excellent work

Shahbaz rewards LWMC staff for excellent work

Chief Minister Punjab Shahbaz Sharif rewarded the Lahore Waste Management Company (LWMC) staff with one week salary for their outstanding performance throughout the Eid. Chairman LWMC Kh. Ahmed Hassan made this announcement on Friday. He said the LWMC sta

Published 19 Oct, 2013 12:00am

SOEs running in losses be sold immediately: Piaf

SOEs running in losses be sold immediately: Piaf

Pakistan Industrial and Traders Association Front (Piaf) has urged the federal government to immediately privatise the state owned enterprises running in losses so that financial burden on the exchequer could be lessened. The Chairman of Piaf, Malik Tahir

Published 19 Oct, 2013 12:00am

Appointment of CoAS: Gilani asks Nawaz to take parliament into confidence

Appointment of CoAS: Gilani asks Nawaz to take parliament into confidence

Former Prime Minister Syed Yousuf Raza Gilani said CoAS should not have announced his retirement because it is the duty of government to declare it. Nawaz Sharif should consult and take the Parliament into confidence before the major appointments.

Published 19 Oct, 2013 12:00am

Nation must pledge to eradicate terrorism: Shahbaz

Nation must pledge to eradicate terrorism: Shahbaz

Punjab Chief Minister Shahbaz Sharif said on Thursday it was time to renew the pledge that the nation was united to eradicate terrorism. Talking to newsmen during his visit to Children Hospital, he said the incident which took the life of Khyber Pakhtunkh

Published 19 Oct, 2013 12:00am

NAB chief's appointment 'Muk-Muka': Hashmi

NAB chief's appointment 'Muk-Muka': Hashmi

Central President of Pakistan Tehrik-e-Insaf (PTI) Makhdoom Javed Hashmi said that appointment of chairman NAB is an outcome or bargaining (Muk-Muka) between the two major parties. However, masses have rejected this appointment describing it unfair.

Published 19 Oct, 2013 12:00am

Eid celebrated with religious fervour

Eid celebrated with religious fervour

Eidul Azha, commemorating the supreme sacrifice offered by Hazrat Ibrahim (AS) and his son Hazrat Ismail (AS) in the fulfilment of the Divine order, was celebrated here with religious fervour. Eid congregations were held at mosques, Imam Bargahs and open

Published 19 Oct, 2013 12:00am

Eid gifts of Rs 40 million sent to Awaran: Gorchani

Eid gifts of Rs 40 million sent to Awaran: Gorchani

Deputy Speaker Punjab Assembly Sardar Sher Ali Gorchani said on the instructions of Chief Minister Punjab Muhammad Shahbaz Sharif as many as 25 thousand Eid gifts amounting to Rs 40 million have been sent to Awaran Balochistan for earthquake affected. On

Published 19 Oct, 2013 12:00am

Pakistan prepared to exercise utmost restraint: Salman Bashir

Pakistan prepared to exercise utmost restraint: Salman Bashir

In the wake of repeated cease-fire violations, Pakistan High Commissioner to India Salman Bashir on Friday said that both sides need to take steps to stabilise the situation at the Line of Control (LoC), and added that Pakistan is prepared to do whatever

Published 19 Oct, 2013 12:00am

Drone issue raised at key UN panel: Pakistan rejects claims of holding progress on disarmament agenda

Drone issue raised at key UN panel: Pakistan rejects claims of holding progress on disarmament agenda

Voicing concern over the deterioration of global security, Pakistan has called for evolving international norms to govern the use of armed drones strictly according to the UN Charter, international human rights and humanitarian law.

Published 19 Oct, 2013 12:00am

Khyber Pakhtunkhwa governor condemns Kulachi suicide attack

Khyber Pakhtunkhwa governor condemns Kulachi suicide attack

Khyber Pakhtunkhwa Governor, Engineer Shaukatullah has strongly condemned the suicide attack in Kulachi (D I Khan) which claimed the precocious lives; the Provincial Minister for Law and Parliamentary Affairs, Sardar Israrullah Khan Gandapur in particular

Published 19 Oct, 2013 12:00am

Khyber Pakhtunkhwa government orders to increase security of ministers, advisers, MPAs

Khyber Pakhtunkhwa government orders to increase security of ministers, advisers, MPAs

After assassination of Khyber Pakhtunkhwa Minister for Law and Parliamentary Affairs, Israrullah Gandapur, the provincial government has ordered to increase the security of the ministers, advisers, and Members of the Provincial Assembly. The directives we

Published 19 Oct, 2013 12:00am

Mamnoon, King Abdullah exchange Eid greetings in Jeddah

Mamnoon, King Abdullah exchange Eid greetings in Jeddah

President Mamnoon Hussain has emphasised that relations between Pakistan and Saudi Arabia are deeply rooted in the heart of every Pakistani and Saudi national. He was speaking to custodian of two holy mosques King Abdullah bin Abdul Aziz Al Saud in Jeddah

Published 19 Oct, 2013 12:00am

PTI reacts strongly to Bilawal's remarks

PTI reacts strongly to Bilawal's remarks

Pakistan Tehrik-e-Insaf (PTI) on Friday reacted strongly to Pakistan People's Party (PPP) chairman Bilawal Bhutto Zardari's remarks about party chief Imran Khan, saying he must learn politics first instead of taking pride in his mom Benazir Bhutto.

Published 19 Oct, 2013 12:00am

Blast on law minister: initial report on suicide bomber prepared

Blast on law minister: initial report on suicide bomber prepared

Khyber Pakhtunkhwa Secretary Home Syed Akhtar Ali Shah said the suicide bomber, who had killed provincial minister for law Israrullah Gandapur, was local with age of 20 to 22. Talking to reporters here on Friday, the Secretary Home said the suicide bomber

Published 19 Oct, 2013 12:00am

Rabi season: wheat to be sown over 16.5 million acres in Punjab

Rabi season: wheat to be sown over 16.5 million acres in Punjab

Over 16.5 million acres of land would be brought under wheat crop during Rabi season in wheat growing parts of the Punjab. The Punjab Agriculture Department (PAD) has finalised all necessary arrangements for attaining the fixed target and to obtain per ac

Published 19 Oct, 2013 12:00am

Imran shocked over Gandapur's death

Imran shocked over Gandapur's death

Pakistan Tehrik-e-Insaf (PTI) Chief Imran Khan said on Wednesday that he was shocked and saddened by the death of law minister Israrullah Gandapur in a suicide attack at his residence in Dera Ismail Khan. In a message on popular social media site, Khan sa

Published 19 Oct, 2013 12:00am

CCTV cameras to be installed in Peshawar

CCTV cameras to be installed in Peshawar

Khyber Pakhtunkhwa government decides to install Closed-Circuit Television (CCTV), to keep checking on moment of suspects and counter terrorists' attack in the provincial metropolis Peshawar. These CCTVs will be monitored through a fully equipped operatio

Published 19 Oct, 2013 12:00am

Prime Minister invites big Turkish companies to invest in mega projects

Prime Minister invites big Turkish companies to invest in mega projects

Prime Minister Nawaz Sharif has invited leading Turkish companies to invest in mega projects, including energy sector projects - Diamer-Bhasha Dam and coal fired power plants in Gaddani (Balochistan), official sources told Business Recorder. Prime

Published 19 Oct, 2013 12:00am

Tableeghi Ijtamah: security arrangements reviewed

Tableeghi Ijtamah: security arrangements reviewed

District Coordina-tion Officer (DCO) Lahore Naseem Sadiq along with MNA Malik Muhammad Afzal Khokhar visited Raiwind to review security arrangements in connection with three-day annual "Tableegi Ijtamah," to be held in Raiwind. According to an official he

Published 19 Oct, 2013 12:00am

Awaran, Mashkay: Army's relief operation to continue despite attacks: ISPR

Awaran, Mashkay: Army's relief operation to continue despite attacks: ISPR

Pakistan Army will continue relief operation in earthquake-hit areas of Awaran and Mashkay with the help of local administration and non-governmental organisations (NGOs). An ISPR spokesman said that relief operation by security forces would continue desp

Published 19 Oct, 2013 12:00am

Bilawal vows to hunt 'Lion' and cut 'flying kite'

Bilawal vows to hunt 'Lion' and cut 'flying kite'

Chairman, Pakistan People's Party (PPP), Bilawal Bhutto-Zardari, while hitting the PPP's political opponents hard, said that the PPP would be triumphant in 2018 general elections. Addressing a ceremony to observe the 6th anniversary of those killed in Kar

Published 19 Oct, 2013 12:00am

MBBS exams re-scheduled

MBBS exams re-scheduled

Special Committee constituted by the Chief Minister Punjab has delayed the exam of MBBS first professional (second year) and third professional (fourth year) of students of Fatima Jinnah Medical College and Sheikh Zaid Medical and Dental College Lahore fo

Published 19 Oct, 2013 12:00am

PPP's critics should have courage to bear criticism: Memon

PPP's critics should have courage to bear criticism: Memon

Sindh Minister for Information Sharjeel Inam Memon has said that opponents have always criticised Pakistan People's Party (PPP) and those who criticise, must have the courage to bear criticism. In a statement issued here on Friday, Sharjeel Memon said tha

Published 19 Oct, 2013 12:00am

Sindh government delays delimitation period for one week

Sindh government delays delimitation period for one week

Chief Minister of Sindh, Syed Qaim Ali Shah, on Friday has approved the extension in delimitation period till one week. Qaim Ali Shah has given approval to the related authorities to make extension in delimitation as now it is considered as second delay i

Published 19 Oct, 2013 12:00am

Nine people killed in various accidents during Eid holidays

Nine people killed in various accidents during Eid holidays

At least nine people including four members of same family were killed while over 60 others sustained injuries in different accidents during three days of the Eid. According to details, four persons of a family were on their way on a motorcycle when an ov

Published 19 Oct, 2013 12:00am

Former-House Speaker Tom Foley is dead

Former-House Speaker Tom Foley is dead

Former House Speaker of the United States, Tom Foley died at the age of 84 of complication from a stroke, House Democratic and Republican offices said Friday. According to US media report, Foley's wife, Heather said that he died at his home in the nation'

Published 19 Oct, 2013 12:00am

Sale of goat and sheep drops to 6.5 million: PTA

Sale of goat and sheep drops to 6.5 million: PTA

Sale of goat and sheep has dropped from 16 million to 6.5 million during Eidul Azha since 2006 owing to increase in cost of living and shrinking income of the middle class, former President, Pakistan Tanners Association (PTA) Khurshid Alam told Busines

Published 19 Oct, 2013 12:00am

Two youth drowned

Two young picnickers drowned in Kinjhar Lake on Friday. They were Izhar Gul and Ghulam Gul, residents of Orangi town, Karachi. Their bodies were recovered by local fishermen and police.
Published 19 Oct, 2013 12:00am

Three die in accident

At least three youth were killed and two others injured when their motorcycles collided on main Barali road, some seven kilometre of here on Friday. According to police, two motorcycles collided due to over speeding at Barali's main road leading to Rawalp
Published 19 Oct, 2013 12:00am

Actress Anjuman's husband shot dead in Lahore

Former Pakistani film star Anjuman's husband Mubeen Malik was shot dead in Defence area on Wednesday. According to details, some unknown persons opened firing on the vehicle of Mubeen Malik who along with his 22-year-old daughter and driver sustained crit
Published 19 Oct, 2013 12:00am

Government successfully tackling inherited crises: Asif

Federal Minister for Water and Power Khawaja Muhammad Asif has said that PML-N's policies and strategies are a guarantee of economic and political stability in the country. He stated this while talking to party workers and different delegations at his res
Published 19 Oct, 2013 12:00am

Asfandyar asks Khyber Pakhtunkhwa government to resign

Awami National Party (ANP) leader Asfandyar Wali demanded that Khyber Pakhtunkhwa government to resign immediately for its failure to restore peace in the province. He said situation is getting worse in Khyber Pakhtunkhwa while Peshawar has also gone out
Published 19 Oct, 2013 12:00am

Polio outbreak puts global eradication at risk

A Taliban ban on vaccination is exacerbating a serious polio outbreak in Pakistan, threatening to derail dramatic progress made this year towards wiping out the disease world-wide, health officials say. Health teams have been attacked repeatedly since the
Published 19 Oct, 2013 12:00am

Polio outbreak puts global eradication at risk

A Taliban ban on vaccination is exacerbating a serious polio outbreak in Pakistan, threatening to derail dramatic progress made this year towards wiping out the disease world-wide, health officials say. Health teams have been attacked repeatedly since the
Published 19 Oct, 2013 12:00am

Second Swiss bank closes over US tax pressure

A second Swiss bank has decided to close its doors as the United States cranks up pressure on financial institutions for abetting tax evasion. Zurich-based Bank Frey & Co, which manages about 2.0 billion Swiss francs (1.6 billion euros, $2.2 billion), sai
Published 19 Oct, 2013 12:00am

Second Swiss bank closes over US tax pressure

A second Swiss bank has decided to close its doors as the United States cranks up pressure on financial institutions for abetting tax evasion. Zurich-based Bank Frey & Co, which manages about 2.0 billion Swiss francs (1.6 billion euros, $2.2 billion), sai
Published 19 Oct, 2013 12:00am

Second Swiss bank closes over US tax pressure

A second Swiss bank has decided to close its doors as the United States cranks up pressure on financial institutions for abetting tax evasion. Zurich-based Bank Frey & Co, which manages about 2.0 billion Swiss francs (1.6 billion euros, $2.2 billion), sai
Published 19 Oct, 2013 12:00am

Second Swiss bank closes over US tax pressure

A second Swiss bank has decided to close its doors as the United States cranks up pressure on financial institutions for abetting tax evasion. Zurich-based Bank Frey & Co, which manages about 2.0 billion Swiss francs (1.6 billion euros, $2.2 billion), sai
Published 19 Oct, 2013 12:00am

Britain to ratchet up capital requirements for banks

British banks may have to build up more capital and more quickly than they expected, forcing firms like Barclays to rein in dividends to shareholders and restrain bankers'' bonuses to find the extra cash. Britain''s financial watchdog''s plans, still unde
Published 19 Oct, 2013 12:00am

Britain to ratchet up capital requirements for banks

British banks may have to build up more capital and more quickly than they expected, forcing firms like Barclays to rein in dividends to shareholders and restrain bankers' bonuses to find the extra cash. Britain's financial watchdog's plans, still under c
Published 19 Oct, 2013 12:00am

Britain to ratchet up capital requirements for banks

British banks may have to build up more capital and more quickly than they expected, forcing firms like Barclays to rein in dividends to shareholders and restrain bankers' bonuses to find the extra cash. Britain's financial watchdog's plans, still under c
Published 19 Oct, 2013 12:00am

US may use Romanian airbase for Afghan pullout

The United States is close to a deal with Romania that would see American troops return home from Afghanistan via an air base on the Black Sea, officials said Thursday. The proposed agreement would solve a major logistical hurdle facing the US as it pulls
Published 19 Oct, 2013 12:00am

US may use Romanian airbase for Afghan pullout

The United States is close to a deal with Romania that would see American troops return home from Afghanistan via an air base on the Black Sea, officials said Thursday. The proposed agreement would solve a major logistical hurdle facing the US as it pulls
Published 19 Oct, 2013 12:00am

Modern slavery: Pakistan among states with highest prevalence

An estimated 30 million people world-wide are living in modern-day slavery, according to the inaugural Global Slavery Index published Thursday. The index, compiled by the Walk Free Foundation, said that while India by far had the largest number of enslave
Published 19 Oct, 2013 12:00am

Modern slavery: Pakistan among states with highest prevalence

An estimated 30 million people world-wide are living in modern-day slavery, according to the inaugural Global Slavery Index published Thursday. The index, compiled by the Walk Free Foundation, said that while India by far had the largest number of enslave
Published 19 Oct, 2013 12:00am

NSA deeply involved in US drone strikes: report

The National Security Agency is deeply involved in US drone strikes against al Qaeda militants, using electronic surveillance tools to track down terror suspects, The Washington Post reported Wednesday. The report was based on documents provided by Edward
Published 19 Oct, 2013 12:00am

NSA deeply involved in US drone strikes: report

The National Security Agency is deeply involved in US drone strikes against al Qaeda militants, using electronic surveillance tools to track down terror suspects, The Washington Post reported Wednesday. The report was based on documents provided by Edward
Published 19 Oct, 2013 12:00am

India, China near pact aimed at keeping lid on border tension

India and China are close to an agreement to stop tension on their contested border touching off confrontation while they try to figure out a way to break decades-old stalemate on overlapping claims to long stretches of the Himalayas. The border defence c
Published 19 Oct, 2013 12:00am

India, China near pact aimed at keeping lid on border tension

India and China are close to an agreement to stop tension on their contested border touching off confrontation while they try to figure out a way to break decades-old stalemate on overlapping claims to long stretches of the Himalayas. The border defence c
Published 19 Oct, 2013 12:00am

New York man arrested, charged with trying to join al Qaeda

US officials on Friday arrested a 25-year-old man from suburban New York and charged him in a five-count indictment with attempting to travel to Yemen to join al Qaeda in the Arabian Peninsula. Court papers unsealed on Friday charged the man, Marcos Alons
Published 19 Oct, 2013 12:00am

New York man arrested, charged with trying to join al Qaeda

US officials on Friday arrested a 25-year-old man from suburban New York and charged him in a five-count indictment with attempting to travel to Yemen to join al Qaeda in the Arabian Peninsula. Court papers unsealed on Friday charged the man, Marcos Alons
Published 19 Oct, 2013 12:00am

Prime Minister approves anti-terrorist force for Punjab

Prime Minister Nawaz Sharif accorded approval for the formation of an anti-terrorist force in Punjab. The decision was taken at a high-level meeting chaired by the Prime Minister at his Raiwind residence on Friday. Chief Minister Punjab Shahbaz Sharif, In
Published 19 Oct, 2013 12:00am

Prime Minister approves anti-terrorist force for Punjab

Prime Minister Nawaz Sharif accorded approval for the formation of an anti-terrorist force in Punjab. The decision was taken at a high-level meeting chaired by the Prime Minister at his Raiwind residence on Friday. Chief Minister Punjab Shahbaz Sharif, In
Published 19 Oct, 2013 12:00am

Tremors shake parts of Balochistan, Sindh

Two earthquakes of moderate intensity jolted different parts of Balochistan and Sindh on Friday evening. Tremors were felt in Quetta, Khuzdar, Sorab, Sibbi and other adjoining areas. According to Met Office, the first earthquake measuring 5.1 on the Richt
Published 19 Oct, 2013 12:00am

Tremors shake parts of Balochistan, Sindh

Two earthquakes of moderate intensity jolted different parts of Balochistan and Sindh on Friday evening. Tremors were felt in Quetta, Khuzdar, Sorab, Sibbi and other adjoining areas. According to Met Office, the first earthquake measuring 5.1 on the Richt
Published 19 Oct, 2013 12:00am

Swiss voters equally divided over vote to cap executive pay

Swiss voters are equally divided over a proposal to limit monthly executive pay to the equivalent of the annual earnings of a company's lowest paid member of staff, a poll showed on Friday. The survey, based on polling between October 7 and 12 by market r
Published 19 Oct, 2013 12:00am

Morocco plans only limited subsidy cuts next year to reduce deficit

Morocco plans to cut spending next year to help reduce its budget deficit, the state news agency said, citing a draft of the budget, but targets only limited cuts in subsidies despite pressure from the IMF to do more. The draft sets a 2014 budget deficit
Published 19 Oct, 2013 12:00am

Italy's president warns against reckless changes to 2014 budget

Italian President Giorgio Napolitano warned political parties on Friday not to change the government's 2014 budget in ways that would threaten the country's public finance commitments to the European Union. "It's right to have more emphasis on growth, in
Published 19 Oct, 2013 12:00am

American Express profit beats estimates

American Express Co posted a better-than-expected 9 percent rise in quarterly profit as customers increased spending on its credit cards and fewer users defaulted on payments. A relatively affluent customer base has helped to insulate American Express fro
Published 19 Oct, 2013 12:00am

American Express profit beats estimates

American Express Co posted a better-than-expected 9 percent rise in quarterly profit as customers increased spending on its credit cards and fewer users defaulted on payments. A relatively affluent customer base has helped to insulate American Express fro
Published 19 Oct, 2013 12:00am

Germany wants to quiz former Deutsche trader in Libor probe

The German financial markets regulator, BaFin, wants to speak to a former Deutsche Bank trader as part of its probe into possible manipulation of the Libor benchmark interest rate, a source familiar with the matter said on Friday. The move by BaFin, which
Published 19 Oct, 2013 12:00am

Russia slams Kingdom

Russia on Friday sharply criticised Saudi Arabia for rejecting membership of the UN Security Council, slamming the kingdom's "strange" argument that the body had failed over the Syrian conflict. Moscow's traditionally testy relationship with Riyadh has be
Published 19 Oct, 2013 12:00am

Russia slams Kingdom

Russia on Friday sharply criticised Saudi Arabia for rejecting membership of the UN Security Council, slamming the kingdom's "strange" argument that the body had failed over the Syrian conflict. Moscow's traditionally testy relationship with Riyadh has be
Published 19 Oct, 2013 12:00am

UN losing credibility: Turkey

Turkey on Friday lashed out at the United Nations for failing to resolve international crises, after Saudi Arabia accused the world body of "double-standards" in ending conflicts, such as the civil war in Syria. "The United Nations are losing quite a lot
Published 19 Oct, 2013 12:00am

UN losing credibility: Turkey

Turkey on Friday lashed out at the United Nations for failing to resolve international crises, after Saudi Arabia accused the world body of "double-standards" in ending conflicts, such as the civil war in Syria. "The United Nations are losing quite a lot
Published 19 Oct, 2013 12:00am

Saudi Arabia rejects UNSC seat over 'double-standards'

Saudi Arabia rejected a seat on the UN Security Council in an unprecedented move Friday, blaming the leading international body's "double-standards" and failure to resolve the Syrian and Israeli-Palestinian conflicts. At least one analyst said the snub al
Published 19 Oct, 2013 12:00am

Saudi Arabia rejects UNSC seat over 'double-standards'

Saudi Arabia rejected a seat on the UN Security Council in an unprecedented move Friday, blaming the leading international body's "double-standards" and failure to resolve the Syrian and Israeli-Palestinian conflicts. At least one analyst said the snub al
Published 19 Oct, 2013 12:00am

Failure to furnish IT return will lead to fine

A minimum penalty of Rs 70,000 may be imposed by the Federal Board of Revenue (FBR) where any person fails to furnish return of income and statement as required under Section 114 & 115 of the Income Tax Ordinance, 2001 within the due date, which is now Oc
Published 19 Oct, 2013 12:00am

Failure to furnish IT return will lead to fine

A minimum penalty of Rs 70,000 may be imposed by the Federal Board of Revenue (FBR) where any person fails to furnish return of income and statement as required under Section 114 & 115 of the Income Tax Ordinance, 2001 within the due date, which is now Oc
Published 19 Oct, 2013 12:00am

Failure to furnish IT return will lead to fine

A minimum penalty of Rs 70,000 may be imposed by the Federal Board of Revenue (FBR) where any person fails to furnish return of income and statement as required under Section 114 & 115 of the Income Tax Ordinance, 2001 within the due date, which is now Oc
Published 19 Oct, 2013 12:00am

Prime Minister will undertake four-day US visit tomorrow

Prime Minister Muhammad Nawaz Sharif will undertake a four-day official visit to the United States from Sunday. According to the Foreign Office Spokesman‚ this will be the first bilateral official visit of the Prime Minister to the United States in his pr
Published 19 Oct, 2013 12:00am

Prime Minister will undertake four-day US visit tomorrow

Prime Minister Muhammad Nawaz Sharif will undertake a four-day official visit to the United States from Sunday. According to the Foreign Office Spokesman‚ this will be the first bilateral official visit of the Prime Minister to the United States in his pr
Published 19 Oct, 2013 12:00am

$322 million received from US under CSF dues

A Spokesman of the Ministry of Finance on Friday said that the State Bank of Pakistan received an amount of $322 million in lieu of the Coalition Support Fund (CSF) against old dues. It would be pertinent to mention here that Finance Minister Senator Isha
Published 19 Oct, 2013 12:00am

$322 million received from US under CSF dues

A Spokesman of the Ministry of Finance on Friday said that the State Bank of Pakistan received an amount of $322 million in lieu of the Coalition Support Fund (CSF) against old dues. It would be pertinent to mention here that Finance Minister Senator Isha
Published 19 Oct, 2013 12:00am

$322 million received from US under CSF dues

A Spokesman of the Ministry of Finance on Friday said that the State Bank of Pakistan received an amount of $322 million in lieu of the Coalition Support Fund (CSF) against old dues. It would be pertinent to mention here that Finance Minister Senator Isha
Published 19 Oct, 2013 12:00am

Economic roadmap endears government to IFC, others: facility for oil import expected

A delegation representing IFC and other financial institutions including Citibank and Habib Bank Limited called on Minister of Finance, Revenue, Economic Affairs, Statistics and Privatisation, Muhammad Ishaq Dar at Pakistan High Commission in London. Paki
Published 19 Oct, 2013 12:00am

Economic roadmap endears government to IFC, others: facility for oil import expected

A delegation representing IFC and other financial institutions including Citibank and Habib Bank Limited called on Minister of Finance, Revenue, Economic Affairs, Statistics and Privatisation, Muhammad Ishaq Dar at Pakistan High Commission in London. Paki
Published 19 Oct, 2013 12:00am

Economic roadmap endears government to IFC, others: facility for oil import expected

A delegation representing IFC and other financial institutions including Citibank and Habib Bank Limited called on Minister of Finance, Revenue, Economic Affairs, Statistics and Privatisation, Muhammad Ishaq Dar at Pakistan High Commission in London. Paki
Published 19 Oct, 2013 12:00am

Zardari defends Karachi operation decision

Former president Asif Ali Zardari, on Thursday, said that Prime Minister Nawaz Sharif's all steps towards progress of the country would be supported. Addressing his party workers at Naudero House, Zardari said: "If Nawaz Sharif took positive steps, Pakist
Published 19 Oct, 2013 12:00am

Zardari defends Karachi operation decision

Former president Asif Ali Zardari, on Thursday, said that Prime Minister Nawaz Sharif's all steps towards progress of the country would be supported. Addressing his party workers at Naudero House, Zardari said: "If Nawaz Sharif took positive steps, Pakist
Published 19 Oct, 2013 12:00am

EU strikes trade deal with Canada, looks to US

The European Union and Canada agreed a multi-billion-dollar trade pact on Friday that will integrate two of the world''s largest economies and paves the way for Europe to clinch an even bigger deal with the United States. Canadian Prime Minister Stephen H
Published 19 Oct, 2013 12:00am

EU strikes trade deal with Canada, looks to US

The European Union and Canada agreed a multi-billion-dollar trade pact on Friday that will integrate two of the world's largest economies and paves the way for Europe to clinch an even bigger deal with the United States. Canadian Prime Minister Stephen Ha
Published 19 Oct, 2013 12:00am

EU strikes trade deal with Canada, looks to US

The European Union and Canada agreed a multi-billion-dollar trade pact on Friday that will integrate two of the world's largest economies and paves the way for Europe to clinch an even bigger deal with the United States. Canadian Prime Minister Stephen Ha
Published 19 Oct, 2013 12:00am

Malala all smiles as she meets Queen Elizabeth

Malala Yousufzai was reduced to fits of laughter on Friday by Queen Elizabeth II's husband Prince Philip as she met the royal couple at Buckingham Palace. The 16-year-old met Queen Elizabeth at a reception for youth, education and the Commonwealth. Malala
Published 19 Oct, 2013 12:00am

Malala all smiles as she meets Queen Elizabeth

Malala Yousufzai was reduced to fits of laughter on Friday by Queen Elizabeth II's husband Prince Philip as she met the royal couple at Buckingham Palace. The 16-year-old met Queen Elizabeth at a reception for youth, education and the Commonwealth. Malala
Published 19 Oct, 2013 12:00am

Nawaz hints at slashing electricity prices

Terming energy crisis as one of the major challenges of the country, Prime Minister Nawaz Sharif has said prices of electricity would be reduced after production from new power projects. While addressing the PML-N legislators‚ activists and people hailing
Published 19 Oct, 2013 12:00am

Nawaz hints at slashing electricity prices

Terming energy crisis as one of the major challenges of the country, Prime Minister Nawaz Sharif has said prices of electricity would be reduced after production from new power projects. While addressing the PML-N legislators‚ activists and people hailing
Published 19 Oct, 2013 12:00am

Nawaz hints at slashing electricity prices

Terming energy crisis as one of the major challenges of the country, Prime Minister Nawaz Sharif has said prices of electricity would be reduced after production from new power projects. While addressing the PML-N legislators‚ activists and people hailing
Published 19 Oct, 2013 12:00am

US government reopens for business after two-week shutdown

The US government reopens for business Thursday after a two-week shutdown and a dangerous flirt with running out of cash to pay its bills and avert a calamitous, unprecedented default. The return to normality came after Congress passed and President Barac
Published 19 Oct, 2013 12:00am

The Weather

The weather report on Friday (October 18, 2013) and the forecast for Saturday (October 19, 2013).

Published 19 Oct, 2013 12:00am

US government reopens for business after two-week shutdown

The US government reopens for business Thursday after a two-week shutdown and a dangerous flirt with running out of cash to pay its bills and avert a calamitous, unprecedented default. The return to normality came after Congress passed and President Barac
Published 19 Oct, 2013 12:00am

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (October 18, 2013).

Published 19 Oct, 2013 12:00am

US government reopens for business after two-week shutdown

The US government reopens for business Thursday after a two-week shutdown and a dangerous flirt with running out of cash to pay its bills and avert a calamitous, unprecedented default. The return to normality came after Congress passed and President Barac
Published 19 Oct, 2013 12:00am

Port Qasim Authority

Karachi Shipping Intelligence at Port Qasim report incorporating changes till 7 am on Friday (October 18, 2013).

Published 19 Oct, 2013 12:00am

Previous Day

Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / Jan 16

279.06

USD PKR Interbank Buying / Jan 16

278.86

USD to Japanese Yen / Jan 16

155.12

USD to Swiss Franc / Jan 16

0.91

Pound Sterling to USD / Jan 16

1.22

Euro to USD / Jan 16

1.03

Stock Volume

S&P 500 / Jan 16

5,937.34

India Sensex / Jan 16

77,042.82

Tokyo Nikkei / Jan 16

38,572.60

Nasdaq / Jan 16

19,338.29

Hang Seng / Jan 16

19,522.89

FTSE 100 / Jan 16

8,391.90

Dow Jones / Jan 16

43,153.13

Germany DAX 30 / Jan 16

20,655.39

Item Value

Crude Oil USD/Barrel / Jan 16

78.66

Karachi Cotton PKR/37.32 KG / Jan 16

18,785

Gold 10 Grams PKR / Jan 16

241,941

Gold Spot USD/Ounce / Jan 16

2,745.70

Cotton US¢/pound / Jan 16

66.73

Petrol/Litre / Jan 17

256.13

Gainers
Losers
Leaders

Stock Price

Escorts Bank / Jan 17

Escorts Investment Bank Limited(ESBL)

5.93

▲ 0.55 (10.22%)

Arif Habib Ltd. / Jan 17

Arif Habib Limited(AHL)

66.21

▲ 6.02 (10.00%)

Khyber Textile / Jan 17

Khyber Textile Mills Limited(KHYT)

602.57

▲ 54.78 (10.00%)

Service Textile / Jan 17

Service Industries Textiles Limited(SERT)

18.30

▲ 1.66 (9.98%)

Leather Up Ltd. / Jan 17

Leather Up Limited(LEUL)

23.50

▲ 1.90 (8.80%)

Jahangir Sidd(Pref) / Jan 17

Jahangir Sidd(Pref)(JSCLPSA)

10.30

▲ 0.80 (8.42%)

Jah.Sidd. Co. / Jan 17

Jahangir Siddiqui & Co. Ltd.(JSCL)

23.25

▲ 1.78 (8.29%)

Arpak Int. / Jan 17

Arpak International Investments Ltd.(ARPAK)

75.75

▲ 5.56 (7.92%)

Karam Ceramics / Jan 17

Karam Ceramics Limited(KCL)

63.99

▲ 4.49 (7.55%)

Stock Price

First Capital Equities / Jan 17

First Capital Equities Limited(FCEL)

5.12

▼ -0.95 (-15.65%)

Tri-Star Mutual / Jan 17

Tri-Star Mutual Fund Limited(TSMF)

6.96

▼ -0.98 (-12.34%)

Dewan Textile / Jan 17

Dewan Textile Mills Limited(DWTM)

6.56

▼ -0.91 (-12.18%)

JS Global Banking / Jan 17

JS Global Banking Sector (ETF)(JSGBETF)

19.82

▼ -2.70 (-11.99%)

Idrees Tex. / Jan 17

Idrees Textile Mills Limited(IDRT)

13.15

▼ -1.45 (-9.93%)

Olympia Mills / Jan 17

Olympia Mills Limited(OML)

32

▼ -3.33 (-9.43%)

Calcorp Ltd / Jan 17

Calcorp Limited(CASH)

29.10

▼ -2.90 (-9.06%)

Sec. Inv. Bank / Jan 17

Security Investment Bank Limited(SIBL)

10.09

▼ -0.81 (-7.43%)

Sana Ind / Jan 17

Sana Industries Limited(SNAI)

28.01

▼ -2.13 (-7.07%)

Stock Volume

WorldCall Telecom / Jan 17

Worldcall Telecom Limited(WTL)

103,704,415

▲ 0.03

Cnergyico PK / Jan 17

Cnergyico PK Limited(CNERGY)

37,108,232

▲ 0.01

Dewan Motors / Jan 17

Dewan Farooque Motors Limited(DFML)

19,331,666

▲ 0.76

Hub Power Co. / Jan 17

The Hub Power Company Limited(HUBC)

17,958,731

▲ 2.92

Pak Refinery / Jan 17

Pakistan Refinery Limited(PRL)

17,625,081

▲ 0.64

Fauji Foods Ltd / Jan 17

Fauji Foods Limited(FFL)

16,116,917

▼ -0.10

Pak Int.Bulk / Jan 17

Pakistan International Bulk Terminal(PIBTL)

12,673,430

▼ -0.05

Hascol Petrol / Jan 17

Hascol Petroleum Limited(HASCOL)

12,466,042

▲ 0.50

Engro Holdings Ltd / Jan 17

Engro Holdings Limited(ENGROH)

10,842,015

▲ 1.04

Markets →

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Rental income from immovable properties situated outside Pakistan

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Afghan transit trade especially via Gwadar Port: Govt to swap bank guarantee for insurance bond

Rupee records marginal decline against US dollar

Power tariff may be reset annually from Jan 1

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SIFC takes stock of Uraan plan, stakeholders

Rs10-11/unit fall in power tariff likely: Cabinet clears revised pacts with 14 IPPs

Pension calculation formula

MCB’s Nauman Chughtai gets FPT clearance from State Bank

Flat steel products: Govt likely to extend RD for 3 months

Shell Pakistan changes name to Wafi Energy Pakistan Limited

NJLI Sarmaya Growth Fund Rates

H1 remittances surpass export earnings

Pension calculation formula

Power tariff may be reset annually from Jan 1

FBR issues updated Sales Tax rules

Shell Pakistan changes name to Wafi Energy Pakistan Limited

SIFC takes stock of Uraan plan, stakeholders

Rs10-11/unit fall in power tariff likely: Cabinet clears revised pacts with 14 IPPs

Rental income from immovable properties situated outside Pakistan

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