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May 15, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2013-10-23
Seafood exports surge by $85.2 million

Seafood exports surge by $85.2 million

Pakistan's seafood export surged by $85.202 million or over 34 percent during July-September period of the current fiscal year for a better global demand, exporters said on Tuesday. The country exported $85.202 million in July-September period of the curr
Published 23 Oct, 2013 12:00am
ABL announces 3Q2013 results

ABL announces 3Q2013 results

Allied Bank Limited (ABL) on Tuesday announced its 3Q2013 results posting a PAT of Rs 2.8bn (EPS: Rs 2.70), up 2 percent YoY and 4 percent QoQ, analysts at JS Global said. The results came above our EPS expectation of Rs 2.50 on account of better Net Inte
Published 23 Oct, 2013 12:00am
ABL announces 3Q2013 results

ABL announces 3Q2013 results

Allied Bank Limited (ABL) on Tuesday announced its 3Q2013 results posting a PAT of Rs 2.8bn (EPS: Rs 2.70), up 2 percent YoY and 4 percent QoQ, analysts at JS Global said. The results came above our EPS expectation of Rs 2.50 on account of better Net Inte
Published 23 Oct, 2013 12:00am
POL posts Rs 15.25 EPS in first quarter of 2014

POL posts Rs 15.25 EPS in first quarter of 2014

Pakistan Oilfields (POL) has posted an EPS of Rs 15.25 in first quarter of 2014, a growth of 41 percent on year-on-year basis, largely in line with street consensus, analysts at Shajar Research said. The growth in earnings primarily comes from higher topl
Published 23 Oct, 2013 12:00am
POL posts Rs 15.25 EPS in first quarter of 2014

POL posts Rs 15.25 EPS in first quarter of 2014

Pakistan Oilfields (POL) has posted an EPS of Rs 15.25 in first quarter of 2014, a growth of 41 percent on year-on-year basis, largely in line with street consensus, analysts at Shajar Research said. The growth in earnings primarily comes from higher topl
Published 23 Oct, 2013 12:00am
Pak Oasis wins award

Pak Oasis wins award

Pak Oasis is making use of cutting-edge ultra-filtration (UF) technology in its plants which eliminates dangerous and life threatening viruses and bacteria and has the added benefit of not using chemicals such as chlorine to purify water. UF technology is
Published 23 Oct, 2013 12:00am
Burj Bank extends relief support to Awaran quake victims

Burj Bank extends relief support to Awaran quake victims

Burj Bank Limited and its staff extended their support for the earthquake effected people of Balochistan when a group of volunteers from within the Bank's staff created the 'Burj Disaster Management Team' for a timely response to the national catastrophe.
Published 23 Oct, 2013 12:00am
SHC moved on constables' appointment issue

SHC moved on constables' appointment issue

Sindh High Court (SHC) on Tuesday put home secretary, inspector general of police, additional inspector general of police, and other police officials on notice in a petition against fresh appointments of police constables. A division bench headed by Justi
Published 23 Oct, 2013 12:00am
Bugti murder case: ATC reissues arrest warrants of Shaukat, Owais Ghani

Bugti murder case: ATC reissues arrest warrants of Shaukat, Owais Ghani

An Anti-Terrorism Court (ATC) in Quetta reissued an arrest warrants against former prime minister Shaukat Aziz, former Balochistan Governor Owais Ahmed Ghani and former District Co-ordination Officer (DCO) Abdul Samad Lasi in a case pertaining to the murd
Published 23 Oct, 2013 12:00am
LDA cautioned against violation of PPR

LDA cautioned against violation of PPR

Lahore Development Authority (LDA) has been put on notice by Transparency International Pakistan against violation of Punjab Procurement Rules (PPR) 2009,in the procurement of consultancy services for Integrated Strategic Development Plan for Lahore Regio
Published 23 Oct, 2013 12:00am
Anwar Iqbal joins hands with Omni Group

Anwar Iqbal joins hands with Omni Group

People who are connected with the auto industry know well about him. He is one person who has always been held in high esteem amongst the automobile manufacturers, assemblers, importers, dealers and retailers in Pakistan. He is known and acclaimed to be t
Published 23 Oct, 2013 12:00am
LEAs coordination meeting held

LEAs coordination meeting held

A co-ordination meeting of Police Investigation Staff of designated police stations, Rangers Sector Commanders, Wing Commanders, Special Public Prosecutors and Rangers Law Officers was held at HQ Pakistan Rangers Sindh on Tuesday. The meeting was convened
Published 23 Oct, 2013 12:00am
Three killed in various city incidents

Three killed in various city incidents

At least three people were killed in different incidents of violence in city on Tuesday, police and rescue sources said. A man was gunned down in Malir area in the limits of Malir City police station. The victim was identified as 35-year-old Abdul Hai, so
Published 23 Oct, 2013 12:00am
CPNE deplores Taliban 'fatwa' against Press

CPNE deplores Taliban 'fatwa' against Press

The Council of Pakistan Newspaper Editors (CPNE) has expressed its resolve to continue informing facts to the general public despite unfavourable circumstances and threats. This was stated at the Council of Pakistan Newspaper Editors Standing Committee me
Published 23 Oct, 2013 12:00am
LHC urged to direct government to hold talks with Taliban

LHC urged to direct government to hold talks with Taliban

A bar member has approached the Lahore High Court to direct the federal government to hold talks with Taliban after allowing them to open their office in the country. The petitioner, Kashif Mehmood Sulmani, said a Taliban office in the country would help
Published 23 Oct, 2013 12:00am
LG names winners

LG names winners

LG Electronics Inc (LG) named the winners of its Smart Discoveries idea campaign, which gave consumers the opportunity to share their own best or creative ideas on how to best use home appliances. The idea-sharing competition, which wrapped up last month,
Published 23 Oct, 2013 12:00am
Sector-specific business: Pakistan, France to exchange delegations

Sector-specific business: Pakistan, France to exchange delegations

Lahore Chamber of Commerce and Industry (LCCI) and French Embassy on Tuesday renewed their pledge to further enhance co-operation and expand bilateral trade relations through exchange of sector-specific business delegations. This consensus was evolved at
Published 23 Oct, 2013 12:00am
Jamaat-i-Islami condemns additional tax on power consumers

Jamaat-i-Islami condemns additional tax on power consumers

Ameer, Jamaat-i-Islami, Pakistan, Syed Munawar Hassan has strongly condemned the six percent additional tax on the electricity consumers. He said that only recently, the government had raised the power tariff by Rs 6 per unit, which practically came to Rs
Published 23 Oct, 2013 12:00am
World Polio Day tomorrow

World Polio Day tomorrow

Like other parts of the globe, "World Polio Day 2013" will also be observed in Pakistan on Thursday (tomorrow) with a resolve to continue efforts for complete eradication of polio from the world. In 2012, transmission of poliovirus continued in three coun
Published 23 Oct, 2013 12:00am
Nandipur power project Shahbaz pays extensive visit

Nandipur power project Shahbaz pays extensive visit

Punjab Chief Minister Shahbaz Sharif has said that Nandipur power project is of vital national importance but unfortunately this splendid project remained suspended for two and a half years. He said that if the former government gave precedence to nationa
Published 23 Oct, 2013 12:00am
Cement prices likely to increase anytime soon

Cement prices likely to increase anytime soon

"Cement prices in the country are likely to increase anytime soon due to substantial increase in power tariff and diesel prices. The rupee devaluation has resulted in increased landed cost of imported coal as well as imported stores and spares used by cem
Published 23 Oct, 2013 12:00am
'Prime Minister's visit to open new vista of US ties'

'Prime Minister's visit to open new vista of US ties'

The current visit of Prime Minister Nawaz Sharif to the US will have a positive impact on Pak-US relations apart from laying strong foundations for the country's development and prosperity. PML-N senior leader Mohammad Parvaiz Malik said here on Tuesday t
Published 23 Oct, 2013 12:00am
'Babunagar' launched in New Delhi

'Babunagar' launched in New Delhi

An impressive launching ceremony of famous humour and satire book 'Babunagar' was held in New Delhi the other day, which was presided over by Professor Siddiqur Rehman Qidvai. Addressing the ceremony arranged by Ghalib Academy, senior Indian journalist of
Published 23 Oct, 2013 12:00am
Breast cancer awareness event on October 27

Breast cancer awareness event on October 27

With "Polo in Pink" slogan Shaukat Khanaum Memorial Cancer Hospital and Research Centre (SKMCH&RC), in collaboration with Lahore Polo Club, is organising an event to raise awareness about breast cancer on Sunday (October 27) from 2:30pm to 5:00pm at Lahor
Published 23 Oct, 2013 12:00am
Nawaz urges end to drones

Nawaz urges end to drones

Prime Minister Nawaz Sharif on Tuesday urged the United States to end drone attacks, while separately Amnesty International warned that civilian-killing strikes could constitute war crimes. Nawaz Sharif, who will meet President Barack Obama on Wednesday,
Published 23 Oct, 2013 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (October 22, 2013).

Published 23 Oct, 2013 12:00am
DGMOs discuss LoC violations

DGMOs discuss LoC violations

Against the backdrop of repeated cease-fire violations along the LoC and the international border, Director General of Military Operation (DGMO) India, Lieutenant General Vinod Bhatia Tuesday called up his Pakistani counterpart. As per the existing arrang
Published 23 Oct, 2013 12:00am
DGMOs discuss LoC violations

DGMOs discuss LoC violations

Against the backdrop of repeated cease-fire violations along the LoC and the international border, Director General of Military Operation (DGMO) India, Lieutenant General Vinod Bhatia Tuesday called up his Pakistani counterpart. As per the existing arrang
Published 23 Oct, 2013 12:00am
Supreme Court doubts transparency in PIA sell-off

Supreme Court doubts transparency in PIA sell-off

The Supreme Court on Tuesday remarked that it appeared that Pakistan International Airlines (PIA) was going to be sold out at a throw-away price "while the names of the bidders have already been chosen." A bench of the apex court headed by Chief Justice I
Published 23 Oct, 2013 12:00am
Supreme Court doubts transparency in PIA sell-off

Supreme Court doubts transparency in PIA sell-off

The Supreme Court on Tuesday remarked that it appeared that Pakistan International Airlines (PIA) was going to be sold out at a throw-away price "while the names of the bidders have already been chosen." A bench of the apex court headed by Chief Justice I
Published 23 Oct, 2013 12:00am
Supreme Court doubts transparency in PIA sell-off

Supreme Court doubts transparency in PIA sell-off

The Supreme Court on Tuesday remarked that it appeared that Pakistan International Airlines (PIA) was going to be sold out at a throw-away price "while the names of the bidders have already been chosen." A bench of the apex court headed by Chief Justice I
Published 23 Oct, 2013 12:00am
AI slams US drone strikes as 'unlawful'

AI slams US drone strikes as 'unlawful'

The United States has carried out "unlawful killings" in Pakistan with drone attacks and should be held to account, Amnesty International said Tuesday. The Britain-based international rights group's report was released on the eve of Prime Minister Nawaz S
Published 23 Oct, 2013 12:00am
AI slams US drone strikes as 'unlawful'

AI slams US drone strikes as 'unlawful'

The United States has carried out "unlawful killings" in Pakistan with drone attacks and should be held to account, Amnesty International said Tuesday. The Britain-based international rights group's report was released on the eve of Prime Minister Nawaz S
Published 23 Oct, 2013 12:00am
Overcoming energy crisis: US pledges continued support

Overcoming energy crisis: US pledges continued support

The United States has assured Pakistan of continued support in meeting energy requirements as American Energy Secretary Dr Ernest Moniz, met with Prime Minister Nawaz Sharif to discuss bilateral co-operation. Dr Moniz was joined during the call by Amb. Ca
Published 23 Oct, 2013 12:00am
Overcoming energy crisis: US pledges continued support

Overcoming energy crisis: US pledges continued support

The United States has assured Pakistan of continued support in meeting energy requirements as American Energy Secretary Dr Ernest Moniz, met with Prime Minister Nawaz Sharif to discuss bilateral co-operation. Dr Moniz was joined during the call by Amb. Ca
Published 23 Oct, 2013 12:00am
Overcoming energy crisis: US pledges continued support

Overcoming energy crisis: US pledges continued support

The United States has assured Pakistan of continued support in meeting energy requirements as American Energy Secretary Dr Ernest Moniz, met with Prime Minister Nawaz Sharif to discuss bilateral co-operation. Dr Moniz was joined during the call by Amb. Ca
Published 23 Oct, 2013 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (October 22, 2013).

Published 23 Oct, 2013 12:00am
ADB approves $430 million loan for social safety net programme

ADB approves $430 million loan for social safety net programme

The Asian Development Bank (ADB) has approved a $430 million equivalent loan to expand and strengthen Pakistan's national social safety net programme, which is helping to lift millions of families out of poverty. According to a statement available on ADB'
Published 23 Oct, 2013 12:00am
ADB approves $430 million loan for social safety net programme

ADB approves $430 million loan for social safety net programme

The Asian Development Bank (ADB) has approved a $430 million equivalent loan to expand and strengthen Pakistan's national social safety net programme, which is helping to lift millions of families out of poverty. According to a statement available on ADB'
Published 23 Oct, 2013 12:00am
ADB approves $430 million loan for social safety net programme

ADB approves $430 million loan for social safety net programme

The Asian Development Bank (ADB) has approved a $430 million equivalent loan to expand and strengthen Pakistan''s national social safety net programme, which is helping to lift millions of families out of poverty. According to a statement available on ADB
Published 23 Oct, 2013 12:00am
Ministry working on new auto industry policy

Ministry working on new auto industry policy

Ministry of Industries and Production (MoI&P) has reportedly started work on new auto industry policy in the light of Economic Co-ordination Committee's (ECC) guidelines, well informed sources told Business Recorder.
Published 23 Oct, 2013 12:00am
Ministry working on new auto industry policy

Ministry working on new auto industry policy

Ministry of Industries and Production (MoI&P) has reportedly started work on new auto industry policy in the light of Economic Co-ordination Committee's (ECC) guidelines, well informed sources told Business Recorder.
Published 23 Oct, 2013 12:00am
Ministry working on new auto industry policy

Ministry working on new auto industry policy

Ministry of Industries and Production (MoI&P) has reportedly started work on new auto industry policy in the light of Economic Co-ordination Committee''s (ECC) guidelines, well informed sources told Business Recorder.
Published 23 Oct, 2013 12:00am
Ministry working on new auto industry policy

Ministry working on new auto industry policy

Ministry of Industries and Production (MoI&P) has reportedly started work on new auto industry policy in the light of Economic Co-ordination Committee''''s (ECC) guidelines, well informed sources told Business Recorder.
Published 23 Oct, 2013 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (October 22, 2013).

Published 23 Oct, 2013 12:00am
Saudi spy chief says Riyadh to 'shift away from US'

Saudi spy chief says Riyadh to 'shift away from US'

Saudi Arabia's intelligence chief has said the kingdom will make a "major shift" in relations with the United States in protest at its perceived inaction over the Syria war and its overtures to Iran, a source close to Saudi policy said on Tuesday. Prince
Published 23 Oct, 2013 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (October 22, 2013).

Published 23 Oct, 2013 12:00am
Saudi spy chief says Riyadh to 'shift away from US'

Saudi spy chief says Riyadh to 'shift away from US'

Saudi Arabia's intelligence chief has said the kingdom will make a "major shift" in relations with the United States in protest at its perceived inaction over the Syria war and its overtures to Iran, a source close to Saudi policy said on Tuesday. Prince
Published 23 Oct, 2013 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (October 22, 2013).

Published 23 Oct, 2013 12:00am
Bull-run continues

Bull-run continues

Bull-run continued on the floor of Karachi Stock Exchange (KSE) as it witnessed another positive session on Tuesday. The KSE-100 Index recovered 475.48 points to close at the level of 22,230.43 against 21,754.95-level on a day earlier. The major index tou
Published 23 Oct, 2013 12:00am
Bull-run continues

Bull-run continues

Bull-run continued on the floor of Karachi Stock Exchange (KSE) as it witnessed another positive session on Tuesday. The KSE-100 Index recovered 475.48 points to close at the level of 22,230.43 against 21,754.95-level on a day earlier. The major index tou
Published 23 Oct, 2013 12:00am
Bull-run continues

Bull-run continues

Bull-run continued on the floor of Karachi Stock Exchange (KSE) as it witnessed another positive session on Tuesday. The KSE-100 Index recovered 475.48 points to close at the level of 22,230.43 against 21,754.95-level on a day earlier. The major index tou
Published 23 Oct, 2013 12:00am
BRIndex30 gains 290.59 points

BRIndex30 gains 290.59 points

On Tuesday, BRIndex30 opened at 13,061.94 and remained positive throughout the trading session. It touched an intraday high of 13,409.48 and an intraday low of 13,067.92 and closed at 13,352.53, which was 290.59 points or 2.22 percent higher than previous
Published 23 Oct, 2013 12:00am
BRIndex30 gains 290.59 points

BRIndex30 gains 290.59 points

On Tuesday, BRIndex30 opened at 13,061.94 and remained positive throughout the trading session. It touched an intraday high of 13,409.48 and an intraday low of 13,067.92 and closed at 13,352.53, which was 290.59 points or 2.22 percent higher than previous
Published 23 Oct, 2013 12:00am
Growth target needs downward revision: PC

Growth target needs downward revision: PC

Planning Commission said on Tuesday that projected GDP growth target of 4.4 percent for the current fiscal year is difficult to achieve and it requires a downward revision. This was revealed by Secretary Planning Commission Hassan Nawaz Tarar during the f
Published 23 Oct, 2013 12:00am
Growth target needs downward revision: PC

Growth target needs downward revision: PC

Planning Commission said on Tuesday that projected GDP growth target of 4.4 percent for the current fiscal year is difficult to achieve and it requires a downward revision. This was revealed by Secretary Planning Commission Hassan Nawaz Tarar during the f
Published 23 Oct, 2013 12:00am
Growth target needs downward revision: PC

Growth target needs downward revision: PC

Planning Commission said on Tuesday that projected GDP growth target of 4.4 percent for the current fiscal year is difficult to achieve and it requires a downward revision. This was revealed by Secretary Planning Commission Hassan Nawaz Tarar during the f
Published 23 Oct, 2013 12:00am
Appointment of members: Iqbal says he faced immense political pressure

Appointment of members: Iqbal says he faced immense political pressure

Federal Minister for Planning, Development and Reforms Ahsan Iqbal on Tuesday said that there was a lot of political pressure on him for the appointment of Planning Commission's members. The Minister claimed that he resisted all kind of pressure and would
Published 23 Oct, 2013 12:00am
Appointment of members: Iqbal says he faced immense political pressure

Appointment of members: Iqbal says he faced immense political pressure

Federal Minister for Planning, Development and Reforms Ahsan Iqbal on Tuesday said that there was a lot of political pressure on him for the appointment of Planning Commission's members. The Minister claimed that he resisted all kind of pressure and would
Published 23 Oct, 2013 12:00am
Appointment of members: Iqbal says he faced immense political pressure

Appointment of members: Iqbal says he faced immense political pressure

Federal Minister for Planning, Development and Reforms Ahsan Iqbal on Tuesday said that there was a lot of political pressure on him for the appointment of Planning Commission''s members. The Minister claimed that he resisted all kind of pressure and woul
Published 23 Oct, 2013 12:00am
LPG quota case: judgement reserved

LPG quota case: judgement reserved

The Supreme Court Tuesday reserved its judgement in LPG quota case amid a plea from federal minister for water and power Khawaja Muhammad Asif - a petitioner in the case - to treat him as an ordinary citizen. An apex court bench consisting of Chief Justic
Published 23 Oct, 2013 12:00am
LPG quota case: judgement reserved

LPG quota case: judgement reserved

The Supreme Court Tuesday reserved its judgement in LPG quota case amid a plea from federal minister for water and power Khawaja Muhammad Asif - a petitioner in the case - to treat him as an ordinary citizen. An apex court bench consisting of Chief Justic
Published 23 Oct, 2013 12:00am
LPG quota case: judgement reserved

LPG quota case: judgement reserved

The Supreme Court Tuesday reserved its judgement in LPG quota case amid a plea from federal minister for water and power Khawaja Muhammad Asif - a petitioner in the case - to treat him as an ordinary citizen. An apex court bench consisting of Chief Justic
Published 23 Oct, 2013 12:00am
Greenspan mulls roots of crisis he didn't foresee

Greenspan mulls roots of crisis he didn't foresee

For 181/2 years as Federal Reserve chairman, he was celebrated for helping drive a robust US economy. Yet in the years after he stepped down in 2006, he was engulfed by accusations that he helped cause the 2008 financial crisis - the worst since the 1930s
Published 23 Oct, 2013 12:00am
Greenspan mulls roots of crisis he didn't foresee

Greenspan mulls roots of crisis he didn't foresee

For 181/2 years as Federal Reserve chairman, he was celebrated for helping drive a robust US economy. Yet in the years after he stepped down in 2006, he was engulfed by accusations that he helped cause the 2008 financial crisis - the worst since the 1930s
Published 23 Oct, 2013 12:00am
Greenspan mulls roots of crisis he didn''t foresee

Greenspan mulls roots of crisis he didn''t foresee

For 181/2 years as Federal Reserve chairman, he was celebrated for helping drive a robust US economy. Yet in the years after he stepped down in 2006, he was engulfed by accusations that he helped cause the 2008 financial crisis - the worst since the 1930s
Published 23 Oct, 2013 12:00am
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