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Nov 22, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2013-11-05
Work on Khyber Pakhtunkhwa hydel power projects in progress

Work on Khyber Pakhtunkhwa hydel power projects in progress

Senior Minister, Khyber Pakhtunkhwa, Sikandar Hayat Khan Sherpao has said that work on hydel power projects worth Rs 5 billion is in progress to electrify far-flung areas of the province. These projects would collectively generate hydel power of 50 megawa
Published 05 Nov, 2013 12:00am
Customs values of coke fixed

Customs values of coke fixed

Directorate General of Customs Valuation Karachi has issued new customs values for the import of coke breeze, semi coke and foundry coke (Pakistan Customs Tariff (PCT) heading 2704-0010 for determination of accurate customs duty at the import stage. Sourc
Published 05 Nov, 2013 12:00am
SECP to make online filing of returns mandatory

SECP to make online filing of returns mandatory

The Securities and Exchange Commission of Pakistan (SECP) is planning to make it mandatory for all the companies to file forms/returns through online system in a phased manner. Sources told Business Recorder here on Monday that the SECP has finalis
Published 05 Nov, 2013 12:00am
Pesco recovers Rs 1.8 million in arrears

Pesco recovers Rs 1.8 million in arrears

Inspection teams of Peshawar Electric Supply Company (Pesco) in collaboration with the police held over 100 persons for using direct hooks and recovered about Rs 1.8 million arrears from them. The names of accused included Ishfaq Khan, Zahoor Khan, Zain U
Published 05 Nov, 2013 12:00am
Policy statement

Policy statement

Interior Minister Chaudhry Nisar Ali Khan was absolutely right in a policy statement that he delivered in the National Assembly. He stated that the mandate given to government by the APC had been jeopardised by the drone attack on Hakimullah Mehsud. There
Published 05 Nov, 2013 12:00am
Cambodia's French past survives turbulent history

Cambodia's French past survives turbulent history

In the shade of the Cambodian capital's bustling central market, 58-year-old Hai Neang hawks hot, fresh baguettes. But while ham and cheese is the quintessential filling for a baguette in France, the sandwich at this city market is a mix of influences - m
Published 05 Nov, 2013 12:00am
Rewards shift to stock pickers in US market rally

Rewards shift to stock pickers in US market rally

It's a good time to be a stock picker. Some 57 percent of US funds run by active managers are beating their benchmark indexes this year, according to fund-tracker Morningstar. That is the best overall performance for the industry since 2009 and well above
Published 05 Nov, 2013 12:00am
Another US blunder?

Another US blunder?

Hakimullah Mehsud, head of the Tehreek-e-Taliban Pakistan (TTP) was more than once within the range of the US drones, but was eliminated by a strike just a day before Pakistani negotiators could begin talks with the TTP on terms of peaceful co-existence.
Published 05 Nov, 2013 12:00am
Post-Hakimullah scenario

Post-Hakimullah scenario

There is a near national consensus that killing of the TTP chief Hakimullah Mehsud in a CIA-operated drone strike is a huge blow to the prospects of peace in the restive tribal region. Therefore, if there is nationwide resentment over this 'subversive' ac
Published 05 Nov, 2013 12:00am
EFF - but investor confidence still down

EFF - but investor confidence still down

The forced prior action of the State Bank of Pakistan as per requirement of the International Monetary Fund to purchase 375 million dollars (ie, 250 million dollars spent by SBP to defend the Pakistan currency prior to June 30, 2013 plus 125 million dolla
Published 05 Nov, 2013 12:00am
Alleged target killer held in Swat

Alleged target killer held in Swat

Swat police on Monday arrested an alleged target killer of Karachi, Arshad alias Arshad Bokhari son of Akhtar Mir during a search operation in Drushkhela, district Swat. He was arrested from the house of his friend.
Published 05 Nov, 2013 12:00am
Khyber Pakhtunkhwa declares first Muharram as public holiday

Khyber Pakhtunkhwa declares first Muharram as public holiday

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has announced public holiday on the occasion of 1st Muharram 1435 Hijra. Following to this announcement, there will be public holiday on every 1st Muharram being the first day of Islamic calendar. The provi
Published 05 Nov, 2013 12:00am
NH&MP recovers six stolen vehicles, arrests two car-lifters

NH&MP recovers six stolen vehicles, arrests two car-lifters

National Highways & Motorway Police (NH&MP) has recovered six stolen/snatched vehicles in a week and arrested two car-lifters. As per details, Motorway Police Officers SPO Nadeem Akhtar and SPO Waseem Abbas were on their routine patrolling duty, when they
Published 05 Nov, 2013 12:00am
Nust faculty members visit PU ICET

Nust faculty members visit PU ICET

Continued efforts to make a strong liaison between Punjab University and other institutions, ORIC Punjab University and IRP arranged a visit of a group of faculty members accompanied by Directors of Department of Chemical and Material Engineering of Nust,
Published 05 Nov, 2013 12:00am
Five women among six suspects held near Musharraf's farmhouse

Five women among six suspects held near Musharraf's farmhouse

Police on Monday arrested six suspected persons including five women near former President Pervez Musharraf's farmhouse located at Chak Shahzad. According to police sources, police stopped a vehicle at police check post set up near farmhouse of former pre
Published 05 Nov, 2013 12:00am
Disqualification of Awan: LHC overrules objections

Disqualification of Awan: LHC overrules objections

The Lahore High Court here on Monday overruled the objections raised the office on a petition seeking disqualification of PPP senator and former law minister Babar Awan, for allegedly acquiring a bogus doctorate degree and contesting Senate elections from
Published 05 Nov, 2013 12:00am
Suspension of DG Health: LHC seeks reply from government

Suspension of DG Health: LHC seeks reply from government

The Lahore High Court here on Monday sought reply from Punjab government by November 6 in a petition of former director general of health department Dr Tanvir challenging his suspension. The petitioner submitted that an inquiry into deaths by measles held
Published 05 Nov, 2013 12:00am
PBIT holds dengue awareness walk

PBIT holds dengue awareness walk

With a view to sensitise general public about the adverse affects of dengue virus, an awareness walk was arranged by Punjab Board of Investment and Trade (PBIT). The walk was held from PBIT Office to Jail Road in which citizens were briefed about dengue p
Published 05 Nov, 2013 12:00am
Islamic finance: special session on new developments, prospects held

Islamic finance: special session on new developments, prospects held

Special session on new developments and prospects of Islamic finance was organised by Mitsubishi Corporation on the last day of the conference on the New Horizons in Islamic Area Studies Encounters, Reflections and Collaborations jointly organised by Japa
Published 05 Nov, 2013 12:00am
The Weather

The Weather

The weather report on Monday (November 04, 2013) and the forecast for Tuesday (November 05, 2013).

Published 05 Nov, 2013 12:00am
Drone strikes unacceptable: Cabinet reiterates stance

Drone strikes unacceptable: Cabinet reiterates stance

The federal cabinet decided on Monday that no one would be allowed to sabotage peace process and urged the world community to support efforts aimed at bringing about peace and eliminating terrorism on a permanent basis. A special meeting of the federal ca
Published 05 Nov, 2013 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (November 04, 2013).

Published 05 Nov, 2013 12:00am
Development of Fata government's top priority: President

Development of Fata government's top priority: President

President Mamnoon Hussain on Monday said the government attaches priority to the socio-economic and political development of Federally Administered Tribal Areas (Fata). Speaking to a delegation of parliamentarians from Fata, the President said all possibl
Published 05 Nov, 2013 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (November 04, 2013).

Published 05 Nov, 2013 12:00am
Customs teams to check sales of arms, ammunition in city

Customs teams to check sales of arms, ammunition in city

Customs department on the directives of Supreme Court (SC) constituted six teams to ascertain the sale of the arms and ammunition within or outside Karachi; it was learnt here on Monday. According to sources, SC in its order dated November 1, 2013 in sou-
Published 05 Nov, 2013 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 05 Nov, 2013 12:00am
LTBA seeks to remove complexities in PRAL system

LTBA seeks to remove complexities in PRAL system

Lahore Tax Bar Association (LTBA) on Monday demanded of the Federal Finance Minister and Chairman Federal Board of Revenue to remove complexities in the PRAL system (Pakistan Revenue Automation Pvt Ltd) as it is creating multiple problems for tax payers.
Published 05 Nov, 2013 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 05 Nov, 2013 12:00am
Eight killed, ten hurt in accident

Eight killed, ten hurt in accident

As many as eight persons killed and ten others injured when a container overturned near Ali Masjid on Pak-Afghan Road in Khyber Agency on Monday, political administration said. According to details, a container overturned on main Pak-Afghan Road trapping
Published 05 Nov, 2013 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (November 04, 2013).

Published 05 Nov, 2013 12:00am
'Mother and Child Health Week' begins

'Mother and Child Health Week' begins

Punjab Minister for Health Khalil Tahir Sindhu has said that without resolving the health problems of women and children, the goal a healthy society in the country cannot be achieved. He stated this while inaugurating provincial launching of 'Mother and C
Published 05 Nov, 2013 12:00am
Slow wheat sowing leading to less production

Slow wheat sowing leading to less production

Delay in announcement of support price for wheat is resulting in slow paced sowing of the commodity across the country thus leading to less production than the requirement and forcing the government to import the grain for domestic needs.
Published 05 Nov, 2013 12:00am
HBL joins hands with ITA for financial literacy programme

HBL joins hands with ITA for financial literacy programme

The HBL has partnered with Idara-e-Taleem-O-Aagahi (ITA), a civil society organisation, to participate in Children Literature Festivals (CLF). With this partnership, HBL will launch its Financial Literacy Programme, through which it aims to educate childr
Published 05 Nov, 2013 12:00am
Kayani visits Sindh Rangers HQ

Kayani visits Sindh Rangers HQ

Chief of Army Staff, General Ashfaq Parvez Kayani visited Headquarters Pakistan Rangers Sindh here on Monday. On his arrival at the Headquarters, CoAS was received by DG Rangers Sindh, Major General Rizwan Akhtar where he was introduced to the Sector Comm
Published 05 Nov, 2013 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (November 04, 2013).

Published 05 Nov, 2013 12:00am
D G Khan Cement Limited

D G Khan Cement Limited

D G Khan Cement was incorporated as a private limited company in 1978 under the management control of State Cement Corporation of Pakistan Limited (SSCP). The Company commenced its operations in 1986 with 2,000 tons per day (TPD) clinker. The Company was
Published 05 Nov, 2013 12:00am
D G Khan Cement Limited

D G Khan Cement Limited

D G Khan Cement was incorporated as a private limited company in 1978 under the management control of State Cement Corporation of Pakistan Limited (SSCP). The Company commenced its operations in 1986 with 2,000 tons per day (TPD) clinker. The Company was
Published 05 Nov, 2013 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (November 04, 2013).

Published 05 Nov, 2013 12:00am
Circular debt: IPPs paid Rs 341.35 billion, National Assembly told

Circular debt: IPPs paid Rs 341.35 billion, National Assembly told

The government paid Rs 341.35 billion to Independent Power Producers (IPPs) under the head of circular debt during 2012-13 till date, the National Assembly was informed on Monday. In a written reply to a question, Ministry for Water and Power told the Hou
Published 05 Nov, 2013 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (November 04, 2013).

Published 05 Nov, 2013 12:00am
Textile 'tycoon' arrested

Textile 'tycoon' arrested

The Directorate of intelligence and investigation, Inland Revenue, Karachi, has arrested a renowned textile 'tycoon' of Karachi involved in tax evasion by alleged misusing the benefits of various SROs, especially SRO 1125. Sources told Business Recorde
Published 05 Nov, 2013 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Monday (November 04, 2013).

Published 05 Nov, 2013 12:00am
People's Workers Union wins Pakistan Steel CBA referendum

People's Workers Union wins Pakistan Steel CBA referendum

People's Workers Union (PWU) has won Pakistan Steel Mills (PSM) referendum and become Collective Bargaining Agent (CBA) for next three years. The referendum was held on Monday on the directives of NIRC and witnessed about 80 percent of turnover as out of
Published 05 Nov, 2013 12:00am
Bikes' spare parts: RTOs told to probe ST evasion, underinvoicing

Bikes' spare parts: RTOs told to probe ST evasion, underinvoicing

The Federal Board of Revenue has directed all Chief Commissioners of Regional Tax Offices (RTOs) to investigate whether huge sales tax evasion and underinvoicing of imported spare parts is taking place, due to non-registration with the sales tax by certai
Published 05 Nov, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (November 04, 2013).

Published 05 Nov, 2013 12:00am
Al Qaeda, Taliban: SECP asked to freeze funds

Al Qaeda, Taliban: SECP asked to freeze funds

The federal government has through a notification advised Securities and Exchange Commission of Pakistan (SECP) recommending freezing of funds of al Qaeda and Taliban and associated individuals and entities including Sangeen, Zadran and Sher Mohammad, pla
Published 05 Nov, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (November 04, 2013).

Published 05 Nov, 2013 12:00am
Al Qaeda, Taliban: SECP asked to freeze funds

Al Qaeda, Taliban: SECP asked to freeze funds

The federal government has through a notification advised Securities and Exchange Commission of Pakistan (SECP) recommending freezing of funds of al Qaeda and Taliban and associated individuals and entities including Sangeen, Zadran and Sher Mohammad, pla
Published 05 Nov, 2013 12:00am
Al Qaeda, Taliban: SECP asked to freeze funds

Al Qaeda, Taliban: SECP asked to freeze funds

The federal government has through a notification advised Securities and Exchange Commission of Pakistan (SECP) recommending freezing of funds of al Qaeda and Taliban and associated individuals and entities including Sangeen, Zadran and Sher Mohammad, pla
Published 05 Nov, 2013 12:00am
Afghan watchdog warns of election fraud

Afghan watchdog warns of election fraud

The upcoming 2014 presidential election in Afghanistan "is vulnerable to corruption and fraud," an Afghan watchdog said Monday. Fraud, ballot stuffing, misuse of government resources by candidates and abuse of government positions are among the concerns,
Published 05 Nov, 2013 12:00am
THE RUPEE: dollar gains more ground

THE RUPEE: dollar gains more ground

The dollar extended its weekend gains against the rupee on the money market on Monday in the process of trading, dealers said. The rupee lost 17 paisa versus the dollar for buying and selling at Rs 107.08 and Rs 107.10, respectively, they said.
Published 05 Nov, 2013 12:00am
App shows direction of Makkah in airplanes

App shows direction of Makkah in airplanes

With all the time-zone differences and changing directions, it's not hard for a devout Muslim to get confused during prayers on an airplane. The Singapore-based company Crescent Rating has came up with help in the form an app. The Inflight Prayer Times Ca
Published 05 Nov, 2013 12:00am
THE RUPEE: dollar gains more ground

THE RUPEE: dollar gains more ground

The dollar extended its weekend gains against the rupee on the money market on Monday in the process of trading, dealers said. The rupee lost 17 paisa versus the dollar for buying and selling at Rs 107.08 and Rs 107.10, respectively, they said.
Published 05 Nov, 2013 12:00am
App shows direction of Makkah in airplanes

App shows direction of Makkah in airplanes

With all the time-zone differences and changing directions, it's not hard for a devout Muslim to get confused during prayers on an airplane. The Singapore-based company Crescent Rating has came up with help in the form an app. The Inflight Prayer Times Ca
Published 05 Nov, 2013 12:00am
ISE index sheds 80.56 points

ISE index sheds 80.56 points

Bears retuned in the driving seat at the Islamabad Stock Exchange (ISE) on Monday, where losers outclassed gainers amid decrease in index. ISE Ten Index showed a decrease of 80.56 points as the ISE Ten Index moved from 4,332.60 to 4,252.04 points. The ove
Published 05 Nov, 2013 12:00am
ISE index sheds 80.56 points

ISE index sheds 80.56 points

Bears retuned in the driving seat at the Islamabad Stock Exchange (ISE) on Monday, where losers outclassed gainers amid decrease in index. ISE Ten Index showed a decrease of 80.56 points as the ISE Ten Index moved from 4,332.60 to 4,252.04 points. The ove
Published 05 Nov, 2013 12:00am
LSE index plunges by 53.77 points

LSE index plunges by 53.77 points

Bearish sentiments dominated on the Lahore Stock Exchange on Monday and the equities registered declines across the board amid marginally decreased trading turnover. The LSE-25 index was plunged by 53.77 points to close at 4209.07 against 4262.84 of last
Published 05 Nov, 2013 12:00am
LSE index plunges by 53.77 points

LSE index plunges by 53.77 points

Bearish sentiments dominated on the Lahore Stock Exchange on Monday and the equities registered declines across the board amid marginally decreased trading turnover. The LSE-25 index was plunged by 53.77 points to close at 4209.07 against 4262.84 of last
Published 05 Nov, 2013 12:00am
BRIndex30 down by 166.48 points

BRIndex30 down by 166.48 points

On Monday, BRIndex30 opened at 12,779.50 and remained negative throughout the trading session. It touched an intraday high of 12,758.11 and an intraday low of 12,478.86 and closed at 12,613.02, which was -166.48 points or -1.3 percent lower than previous
Published 05 Nov, 2013 12:00am
BRIndex30 down by 166.48 points

BRIndex30 down by 166.48 points

On Monday, BRIndex30 opened at 12,779.50 and remained negative throughout the trading session. It touched an intraday high of 12,758.11 and an intraday low of 12,478.86 and closed at 12,613.02, which was -166.48 points or -1.3 percent lower than previous
Published 05 Nov, 2013 12:00am
Index loses 271.26 points

Index loses 271.26 points

The new trading week began on a negative note at Karachi Stock Exchange on Monday following selling pressure. The index lost 271.26 points to close at 22,377.83 against 22,649.09 Friday. The Index touched 22,649 highest and 22,199 lowest levels during the
Published 05 Nov, 2013 12:00am
Index loses 271.26 points

Index loses 271.26 points

The new trading week began on a negative note at Karachi Stock Exchange on Monday following selling pressure. The index lost 271.26 points to close at 22,377.83 against 22,649.09 Friday. The Index touched 22,649 highest and 22,199 lowest levels during the
Published 05 Nov, 2013 12:00am
Index loses 271.26 points

Index loses 271.26 points

The new trading week began on a negative note at Karachi Stock Exchange on Monday following selling pressure. The index lost 271.26 points to close at 22,377.83 against 22,649.09 Friday. The Index touched 22,649 highest and 22,199 lowest levels during the
Published 05 Nov, 2013 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 05 Nov, 2013 12:00am
Ist Muharram on Wednesday

Ist Muharram on Wednesday

The Muharram-ul-Haram moon has not been sighted and the first of Muharram will now be on Wednesday, November 6. This was announced by the Chairman of the Central Ruet-i-Hilal Committee, Mufti Munib, here on Monday. Mufti Munib, who earlier chaired the mee
Published 05 Nov, 2013 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 05 Nov, 2013 12:00am
Ist Muharram on Wednesday

Ist Muharram on Wednesday

The Muharram-ul-Haram moon has not been sighted and the first of Muharram will now be on Wednesday, November 6. This was announced by the Chairman of the Central Ruet-i-Hilal Committee, Mufti Munib, here on Monday. Mufti Munib, who earlier chaired the mee
Published 05 Nov, 2013 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 05 Nov, 2013 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 05 Nov, 2013 12:00am
Kerry says sensitive to concerns

Kerry says sensitive to concerns

US Secretary of State John Kerry suggested on Monday an attack that killed the Taliban leader was justifiable but added Washington was sensitive to Pakistan's concerns, after Islamabad denounced the raid as a blow to peace talks. Speaking at a news confer
Published 05 Nov, 2013 12:00am
Nato chief urges Pakistan to keep transit lines open

Nato chief urges Pakistan to keep transit lines open

Nato chief Anders Fogh Rasmussen urged Pakistan on Monday to keep open supply lines to Nato forces in Afghanistan despite anger over a US drone strike that killed the Pakistani Taliban leader. "I feel confident that the Pakistani authorities will maintain
Published 05 Nov, 2013 12:00am
Nato chief urges Pakistan to keep transit lines open

Nato chief urges Pakistan to keep transit lines open

Nato chief Anders Fogh Rasmussen urged Pakistan on Monday to keep open supply lines to Nato forces in Afghanistan despite anger over a US drone strike that killed the Pakistani Taliban leader. "I feel confident that the Pakistani authorities will maintain
Published 05 Nov, 2013 12:00am
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