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Print - 2013-10-24
High-rise buildings: FSC reviews court safety order

High-rise buildings: FSC reviews court safety order

Chairman Fire Safety Commission Dr Rizwan Naseer has underscored the need for ensuring that all the high rise buildings being constructed in Lahore are made safe with proper emergency exit points to evacuate people safely. He was addressing a meeting of F
Published 24 Oct, 2013 12:00am
Footwear shop gutted

Footwear shop gutted

A fire that broke out in a Bata showroom located at Millennium Mall on Wednesday afternoon, burned millions of rupees' footwear to ashes. According to chief fire fighter Ehtesham, "We were informed by a caller at around 2pm that fire broke out in a Bata S
Published 24 Oct, 2013 12:00am
Attock Cement Pakistan Limited

Attock Cement Pakistan Limited

Attock Cement Pakistan Limited (ACPL) was incorporated in 1981 in Hub Tehsil of Balochistan province. The company initiated production in 1988 with an initial production capacity of 2,000 tons per day, which was enhanced further by 400 tons in 1994.
Published 24 Oct, 2013 12:00am
Attock Cement Pakistan Limited

Attock Cement Pakistan Limited

Attock Cement Pakistan Limited (ACPL) was incorporated in 1981 in Hub Tehsil of Balochistan province. The company initiated production in 1988 with an initial production capacity of 2,000 tons per day, which was enhanced further by 400 tons in 1994.
Published 24 Oct, 2013 12:00am
Cotton closes near seven-week low

Cotton closes near seven-week low

Cotton futures closed at near 7-week low in New York on Tuesday as players awaited more clarity on the US harvest of the fibre amid signs of a bumper crop in India. Cotton's traded volume on ICE Futures US was about half of the 30-day average, according t
Published 24 Oct, 2013 12:00am
Shanghai copper down

Shanghai copper down

The most-traded January copper contract on the Shanghai Futures Exchange erased early gains to close at 52,100 yuan ($8,600) a tonne on Wednesday, down 0.21 percent. ShFE zinc earlier hit its highest since August 28, while ShFe lead hit a peak since Septe
Published 24 Oct, 2013 12:00am
Copper slips over two percent

Copper slips over two percent

Copper slid more than 2 percent on Wednesday as fears of tighter monetary policy in top metals user China outweighed speculation that tepid US jobs data will deter the Federal Reserve from tapering its stimulus this year. Some of China's big banks were tr
Published 24 Oct, 2013 12:00am
Tokyo rubber futures fall

Tokyo rubber futures fall

Tokyo rubber futures fell to their lowest in nearly two weeks as concerns over potential tightening in China sent Shanghai rubber prices down and a sharp rise in the yen against the US dollar prompted investors to sell contracts, dealers said. The benchma
Published 24 Oct, 2013 12:00am
Innovative steps by Revolutionary Government

Innovative steps by Revolutionary Government

October 24 reminds us of the historic and revolutionary struggle by the people of Kashmir on one hand and apparently irreconcilable territorial dispute having no immediate end in sight on the other hand but hopes, even after six long decades, are still al
Published 24 Oct, 2013 12:00am
Soya lower

Soya lower

US soyabean futures turned lower on Tuesday on active harvesting of the US soyabean crop and persistent reports of better-than-expected yields. Corn also eased on seasonal harvest pressure and big yields, while wheat turned up on bargain buying and a part
Published 24 Oct, 2013 12:00am
Palm oil surges

Palm oil surges

Malaysian palm oil futures rose to their highest level in nearly two months on Wednesday, recovering from the morning session losses, as investors banked on estimates that output had started to seasonally slow in the world's second-largest grower. Product
Published 24 Oct, 2013 12:00am
ICE arabica at 4-1/2-year low, robusta skirts three-year low

ICE arabica at 4-1/2-year low, robusta skirts three-year low

ICE arabica coffee futures were down to a 4-1/2-year low on Wednesday, as abundant global supplies attracted follow-through selling and deterred buyers, while Liffe robusta turned higher after touching a three-year low for the third straight day.
Published 24 Oct, 2013 12:00am
Gold rallies in New York

Gold rallies in New York

Gold rose over 2 percent to three-week highs on Tuesday as weak US jobs figures raised expectations the Federal Reserve will continue into next year its massive stimulus program that has bolstered bullion prices. Nonfarm payrolls rose by 148,000 in Septem
Published 24 Oct, 2013 12:00am
Gold down in Asia

Gold down in Asia

Gold traded near its highest in four weeks on Wednesday after tepid US jobs data bolstered hopes that the Federal Reserve will maintain stimulus policies supportive of bullion prices. Spot gold eased 0.3 percent to $1,335.91 an ounce by 0630 GMT, after ra
Published 24 Oct, 2013 12:00am
Gold retreats in Europe

Gold retreats in Europe

Gold retreated from four-week highs on Wednesday as investors cashed in gains, with a rally sparked by weaker-than-expected US non-farm payrolls data running out of steam. The metal rose nearly 2 percent on Tuesday while the dollar index hit eight-month l
Published 24 Oct, 2013 12:00am
US MIDDAY: wheat rebounds

US MIDDAY: wheat rebounds

Chicago Board of Trade wheat futures rebounded to near a four-month high on Wednesday on concerns about the fate of crops in several key regions, including the Black Sea, Australia and Argentina. CBOT corn followed wheat higher and garnered additional sup
Published 24 Oct, 2013 12:00am
US MIDDAY: gold lower

US MIDDAY: gold lower

Gold was slightly lower on Wednesday as investors sold to lock in profits after prices hit four-week highs a day earlier in reaction to weaker-than-expected US non-farm payroll data and sold in reaction to a weaker oil market that dragged commodities down
Published 24 Oct, 2013 12:00am
The Weather

The Weather

The weather report on Wednesday (October 23, 2013) and the forecast for Thursday (October 24, 2013).

Published 24 Oct, 2013 12:00am
China, India sign border defence agreement

China, India sign border defence agreement

China and India signed an agreement Wednesday on border defence co-operation after a stand-off along their disputed frontier in April fuelled fears of conflict between the Asian giants. Indian Prime Minister Manmohan Singh, visiting Beijing to seek a brea
Published 24 Oct, 2013 12:00am
Senate panel seeks details of payments to IPPs

Senate panel seeks details of payments to IPPs

A three-member panel of Senate headed by Maula Baksh Chandio, former PPP Minister, on Wednesday sought details of "Rs 480 billion" paid to Independent Power Producers (IPPs) and the source of the funding along with interest after the Director General (Fin
Published 24 Oct, 2013 12:00am
Senate panel seeks details of payments to IPPs

Senate panel seeks details of payments to IPPs

A three-member panel of Senate headed by Maula Baksh Chandio, former PPP Minister, on Wednesday sought details of "Rs 480 billion" paid to Independent Power Producers (IPPs) and the source of the funding along with interest after the Director General (Fin
Published 24 Oct, 2013 12:00am
Senate panel seeks details of payments to IPPs

Senate panel seeks details of payments to IPPs

A three-member panel of Senate headed by Maula Baksh Chandio, former PPP Minister, on Wednesday sought details of "Rs 480 billion" paid to Independent Power Producers (IPPs) and the source of the funding along with interest after the Director General (Fin
Published 24 Oct, 2013 12:00am
Equities gain a foothold

Equities gain a foothold

Karachi Stock Exchange Wednesday maintained a positive trend and the KSE-100 Index recovered 116.86 points to close at 22,347.29 against 22,230.43 Tuesday. The Index touched 22,539 highest and 22,230 lowest levels during the intra-day trading. The market
Published 24 Oct, 2013 12:00am
Equities gain a foothold

Equities gain a foothold

Karachi Stock Exchange Wednesday maintained a positive trend and the KSE-100 Index recovered 116.86 points to close at 22,347.29 against 22,230.43 Tuesday. The Index touched 22,539 highest and 22,230 lowest levels during the intra-day trading. The market
Published 24 Oct, 2013 12:00am
Equities gain a foothold

Equities gain a foothold

Karachi Stock Exchange Wednesday maintained a positive trend and the KSE-100 Index recovered 116.86 points to close at 22,347.29 against 22,230.43 Tuesday. The Index touched 22,539 highest and 22,230 lowest levels during the intra-day trading. The market
Published 24 Oct, 2013 12:00am
BRIndex30 loses 4.31 points

BRIndex30 loses 4.31 points

On Wednesday, BRIndex30 opened at 13,352.53. It touched an intraday high of 13,504.25 and an intraday low of 13,336.89 and closed at 13,348.22, which was -4.31 points or -0.03 percent lower than previous close. Total volume was 105,151,900, which was 70.7
Published 24 Oct, 2013 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 24 Oct, 2013 12:00am
BRIndex30 loses 4.31 points

BRIndex30 loses 4.31 points

On Wednesday, BRIndex30 opened at 13,352.53. It touched an intraday high of 13,504.25 and an intraday low of 13,336.89 and closed at 13,348.22, which was -4.31 points or -0.03 percent lower than previous close. Total volume was 105,151,900, which was 70.7
Published 24 Oct, 2013 12:00am
Yamaha to set up motorcycle plant: deal signed

Yamaha to set up motorcycle plant: deal signed

A new entrant agreement has been signed between Yamaha and Ministry of Industries on Wednesday here at Board of Investment (BoI) office in the presence of Chairman BOI Mohammad Zubair. The agreement was singed by federal secretary industries Shafquat Huss
Published 24 Oct, 2013 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 24 Oct, 2013 12:00am
NAB chairman imposes ban on foreign visits

NAB chairman imposes ban on foreign visits

A ban for three months has been imposed by the Chairman NAB Qamar Zaman Chaudhry on all foreign visits, trainings, seminars and symposia of NAB officers. All officers have been directed to concentrate on their work in their respective areas because of hug
Published 24 Oct, 2013 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 24 Oct, 2013 12:00am
India's ceasefire violations may escalate tension, says FO

India's ceasefire violations may escalate tension, says FO

Pakistan Wednesday warned that the continued ceasefire violations on the Line of Control (LoC) by Indian troops may further escalate the tension and undermining Islamabad's efforts to improve relations with New Delhi. According to Foreign Office spokesman
Published 24 Oct, 2013 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 24 Oct, 2013 12:00am
Two policemen, terrorist killed

Two policemen, terrorist killed

Two policemen were martyred and one sustained injuries when unidentified armed men fired at a police mobile in SITE area of the city late on Wednesday night, police said. According to the IGP Sindh office the incident happened in Metroville, SITE where tw
Published 24 Oct, 2013 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 24 Oct, 2013 12:00am
Tunisia Prime Minister says committed to 'principle' of resigning

Tunisia Prime Minister says committed to 'principle' of resigning

Tunisia's Prime Minister Ali Larayedh said on Wednesday that his government was committed to the "principle" of resigning in line with a roadmap to end months of political deadlock. "We repeat today our commitment to the principle of relinquishing power i
Published 24 Oct, 2013 12:00am
LSE index improves by 15.95 points

LSE index improves by 15.95 points

Mixed sentiments prevailed on the Lahore Stock Exchange on Wednesday, where equities moved up and down and finally settled in positive zone amid marginally decreased trading turnover. The LSE-25 index was improved by 15.95 points to close at 4438.64 again
Published 24 Oct, 2013 12:00am
LSE index improves by 15.95 points

LSE index improves by 15.95 points

Mixed sentiments prevailed on the Lahore Stock Exchange on Wednesday, where equities moved up and down and finally settled in positive zone amid marginally decreased trading turnover. The LSE-25 index was improved by 15.95 points to close at 4438.64 again
Published 24 Oct, 2013 12:00am
ISE index gains 77.51 points

ISE index gains 77.51 points

Bulls dominated the proceedings at the Islamabad Stock Exchange (ISE) on Wednesday 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 77.51 points as the ISE T
Published 24 Oct, 2013 12:00am
ISE index gains 77.51 points

ISE index gains 77.51 points

Bulls dominated the proceedings at the Islamabad Stock Exchange (ISE) on Wednesday 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 77.51 points as the ISE T
Published 24 Oct, 2013 12:00am
Guantanamo detainees assert right to claim torture

Guantanamo detainees assert right to claim torture

Lawyers for Guantanamo Bay detainees accused of the 9/11 attacks said Tuesday their defendants' rights were violated because they are prevented from open discussion of alleged mistreatment in secret prisons. Speaking at a hearing in Guantanamo as the five
Published 24 Oct, 2013 12:00am
All provinces except Khyber Pakhtunkhwa ready to hold LG polls

All provinces except Khyber Pakhtunkhwa ready to hold LG polls

Chief Justice Iftikhar Muhammad Chaudhary on Wednesday said if the provincial government of Khyber Pakhtunkhwa failed to hold local government elections on time it would have to face constitutional consequences. A three-judge bench of the apex court, head
Published 24 Oct, 2013 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (October 23, 2013).

Published 24 Oct, 2013 12:00am
All provinces except Khyber Pakhtunkhwa ready to hold LG polls

All provinces except Khyber Pakhtunkhwa ready to hold LG polls

Chief Justice Iftikhar Muhammad Chaudhary on Wednesday said if the provincial government of Khyber Pakhtunkhwa failed to hold local government elections on time it would have to face constitutional consequences. A three-judge bench of the apex court, head
Published 24 Oct, 2013 12:00am
Case against Sonia: affirmation of service filed

Case against Sonia: affirmation of service filed

During the initial hearing in the pending human rights violation case against Indian Congress President Sonia Gandhi the rights group "Sikhs For Justice" (SFJ) filed affirmation of service with the US Federal Court. The affirmation of service claims that
Published 24 Oct, 2013 12:00am
Case against Sonia: affirmation of service filed

Case against Sonia: affirmation of service filed

During the initial hearing in the pending human rights violation case against Indian Congress President Sonia Gandhi the rights group "Sikhs For Justice" (SFJ) filed affirmation of service with the US Federal Court. The affirmation of service claims that
Published 24 Oct, 2013 12:00am
Deaf-mute Pakistani girl: British couple jailed for rape, trafficking

Deaf-mute Pakistani girl: British couple jailed for rape, trafficking

A British court jailed an elderly couple on Wednesday after a deaf and mute girl was trafficked from Pakistan to work as a servant and then repeatedly raped for nearly a decade. Ilyas Ashar, 84, and his wife Tallat Ashar, 68, kept the girl in the cellar o
Published 24 Oct, 2013 12:00am
Deaf-mute Pakistani girl: British couple jailed for rape, trafficking

Deaf-mute Pakistani girl: British couple jailed for rape, trafficking

A British court jailed an elderly couple on Wednesday after a deaf and mute girl was trafficked from Pakistan to work as a servant and then repeatedly raped for nearly a decade. Ilyas Ashar, 84, and his wife Tallat Ashar, 68, kept the girl in the cellar o
Published 24 Oct, 2013 12:00am
THE RUPEE: mixed patterns

THE RUPEE: mixed patterns

In line with the global trend, the dollar fell in the local market on Wednesday; however it gained against the rupee in InterBank Market, dealers said. The rupee dropped by 14 paisa in terms of the dollar for buying and selling at Rs 106.48 and Rs 106.50
Published 24 Oct, 2013 12:00am
SHC grants relief against payment of ISL

SHC grants relief against payment of ISL

The Sindh High Court (SHC) while allowing interim relief on petitions against Income Support Levy has allowed relief to the general public at large from payment of ISL so as to maintain uniformity; avoid any confusion and inconvenience to the taxpayers.
Published 24 Oct, 2013 12:00am
THE RUPEE: mixed patterns

THE RUPEE: mixed patterns

In line with the global trend, the dollar fell in the local market on Wednesday; however it gained against the rupee in InterBank Market, dealers said. The rupee dropped by 14 paisa in terms of the dollar for buying and selling at Rs 106.48 and Rs 106.50
Published 24 Oct, 2013 12:00am
SHC grants relief against payment of ISL

SHC grants relief against payment of ISL

The Sindh High Court (SHC) while allowing interim relief on petitions against Income Support Levy has allowed relief to the general public at large from payment of ISL so as to maintain uniformity; avoid any confusion and inconvenience to the taxpayers.
Published 24 Oct, 2013 12:00am
SHC grants relief against payment of ISL

SHC grants relief against payment of ISL

The Sindh High Court (SHC) while allowing interim relief on petitions against Income Support Levy has allowed relief to the general public at large from payment of ISL so as to maintain uniformity; avoid any confusion and inconvenience to the taxpayers.
Published 24 Oct, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (October 23, 2013).

Published 24 Oct, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (October 23, 2013).

Published 24 Oct, 2013 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Wednesday (October 23, 2013).

Published 24 Oct, 2013 12:00am
Q1 current account deficit rises to $1.2 billion

Q1 current account deficit rises to $1.2 billion

The country's current account deficit rose to $1.2 billion during the first quarter of current fiscal year as compared to $439 million surplus for the same period of last fiscal year. The current account deficit in the month of September, 2013 stood at $6
Published 24 Oct, 2013 12:00am
Q1 current account deficit rises to $1.2 billion

Q1 current account deficit rises to $1.2 billion

The country's current account deficit rose to $1.2 billion during the first quarter of current fiscal year as compared to $439 million surplus for the same period of last fiscal year. The current account deficit in the month of September, 2013 stood at $6
Published 24 Oct, 2013 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (October 23, 2013).

Published 24 Oct, 2013 12:00am
Q1 current account deficit rises to $1.2 billion

Q1 current account deficit rises to $1.2 billion

The country''s current account deficit rose to $1.2 billion during the first quarter of current fiscal year as compared to $439 million surplus for the same period of last fiscal year. The current account deficit in the month of September, 2013 stood at $
Published 24 Oct, 2013 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (October 23, 2013).

Published 24 Oct, 2013 12:00am
Indian troops resort to unprovoked firing: ISPR

Indian troops resort to unprovoked firing: ISPR

Indian troops have intensified violations and carried out unprovoked firing on working boundary in Pukhlian, Chaprar, Harpal and Charwal sectors near Sialkot and targeted civil populated areas during the last two days, said ISPR on Wednesday. Indian Borde
Published 24 Oct, 2013 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 24 Oct, 2013 12:00am
Indian troops resort to unprovoked firing: ISPR

Indian troops resort to unprovoked firing: ISPR

Indian troops have intensified violations and carried out unprovoked firing on working boundary in Pukhlian, Chaprar, Harpal and Charwal sectors near Sialkot and targeted civil populated areas during the last two days, said ISPR on Wednesday. Indian Borde
Published 24 Oct, 2013 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 24 Oct, 2013 12:00am
Gold import soars: 380.47 percent in first quarter of current fiscal

Gold import soars: 380.47 percent in first quarter of current fiscal

Gold import has witnessed an unprecedented increase of 380.47 percent during the first quarter of the current fiscal year compared to the same period of last year, according to Pakistan Bureau of Statistics (PBS). Provisional trade figures reveal that gol
Published 24 Oct, 2013 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (October 23, 2013).

Published 24 Oct, 2013 12:00am
Gold import soars: 380.47 percent in first quarter of current fiscal

Gold import soars: 380.47 percent in first quarter of current fiscal

Gold import has witnessed an unprecedented increase of 380.47 percent during the first quarter of the current fiscal year compared to the same period of last year, according to Pakistan Bureau of Statistics (PBS). Provisional trade figures reveal that gol
Published 24 Oct, 2013 12:00am
Speakers urge government to renegotiate gas price with Iran

Speakers urge government to renegotiate gas price with Iran

Speakers at a seminar have urged the government to renegotiate gas price with Iran under Iran-Pakistan (IP) gas pipeline project, saying that as per current agreement Iranian gas will cost Pakistan $15mmBtu which is on the higher side, as Iran, according
Published 24 Oct, 2013 12:00am
Last rites of banking secrecy

Last rites of banking secrecy

Once regarded as haven for tax evaders and monarchs to stash their ill-gotten money abroad, Switzerland, of late, has come under increasing pressure to undo its banking secrecy laws. The demand from some of the advanced countries for such an action was, i
Published 24 Oct, 2013 12:00am
India fomenting trouble, promoting terrorism

India fomenting trouble, promoting terrorism

Pakistan has long been complaining that India is involved in instigating insurgency in Balochistan and also sponsoring acts of terrorism in this country. Both accusations are vociferously denied by New Delhi. An indirect acceptance of these complaints has
Published 24 Oct, 2013 12:00am
VIEW POINT: Saudi annoyance with UN

VIEW POINT: Saudi annoyance with UN

Something unprecedented happened at the UN last week. Within 24 hours of winning a non-permanent member seat on the UN Security Council, Saudi Arabia announced its resignation. The country had campaigned hard to get the seat, but then suddenly said it did
Published 24 Oct, 2013 12:00am