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Nov 26, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2013-11-22
Annual canals' closure for desilting

Annual canals' closure for desilting

The Punjab Irrigation Department on Thursday announced schedule for annual closure of canals during Rabi season 2013-14 for de-silting. According to the announced schedule, canals pertaining to Project Management Office (PMO), Punjab Barrages, and the Tha
Published 22 Nov, 2013 12:00am
Disgruntled Baloch

Disgruntled Baloch

That Baloch insurgency is a highly sensitive issue is a reality that has found its best expression in the new government's desperation to woo disgruntled Baloch. It is in this very context that Prime Minister Nawaz Sharif has urged the estranged segments
Published 22 Nov, 2013 12:00am
US helicopters provide lifeline to typhoon-hit islands

US helicopters provide lifeline to typhoon-hit islands

The Sikorsky Knighthawk helicopter hovered over the small island of Suluan in the eastern Philippines looking for a place to land on the beach as residents waved and ran toward it. The deafening whir of the rotor blades drowned out all voices and conversa
Published 22 Nov, 2013 12:00am
Fracking without freshwater at a west Texas oilfield

Fracking without freshwater at a west Texas oilfield

At a dusty Texas oilfield, Apache Corp has eliminated its reliance on what arguably could be the biggest long-term constraint for fracking wells in the arid western United States: scarce freshwater. For only one well, millions of gallons of water are used
Published 22 Nov, 2013 12:00am
Drones refuse to go away

Drones refuse to go away

The Tehreek-e-Insaf says it will block the Nato supply route, but this would be the party's action and not of its government in Khyber Pakhtunkhwa. That the PTI and its government are not on the same page on an issue as animated as the drone attacks insid
Published 22 Nov, 2013 12:00am
Imported gas projects

Imported gas projects

Pakistan has been engaged in talks on the US-supported Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project dating post-9/11 subsequent to the successful US invasion of Afghanistan and the US-opposed Iran-Pakistan (IP) gas pipeline project
Published 22 Nov, 2013 12:00am
There's 'one-man show' in Punjab

There's 'one-man show' in Punjab

The Lahore High Court Chief Justice here on Thursday remarked that health affairs were appeared to be at the bottom of Punjab government's priority list and one-man show reigned in the province. The CJ was hearing a petition that questioned alleged failur
Published 22 Nov, 2013 12:00am
No increase in flour prices: minister

No increase in flour prices: minister

Punjab Minister for Food Bilal Yaseen has said that no increase has been made in the prices of flour and a 20kg Atta bag will be sold at Rs 785. He disclosed this in a meeting with a delegation of Flour Mills Association here on Thursday. The delegation w
Published 22 Nov, 2013 12:00am
ST returns: extension in submission date sought

ST returns: extension in submission date sought

The Lahore Chamber of Commerce and Industry (LCCI) on Thursday sought extension in date for submission of sales tax returns. LCCI Vice President Kashif Anwar in a statement said the last date for submission of sales tax returns was November 20, but since
Published 22 Nov, 2013 12:00am
ST returns: extension in submission date sought

ST returns: extension in submission date sought

The Lahore Chamber of Commerce and Industry (LCCI) on Thursday sought extension in date for submission of sales tax returns. LCCI Vice President Kashif Anwar in a statement said the last date for submission of sales tax returns was November 20, but since
Published 22 Nov, 2013 12:00am
Over 600 crisis-hit SMEs get rehabilitation grants

Over 600 crisis-hit SMEs get rehabilitation grants

Economic Revitalisation of Khyber-Pakhtunkhwa and Fata (ERKF) Project during its last one-and-a-half year operation awarded grants to more than 600 crisis-hit businesses. This was revealed during a meeting here in the Regional Office of SMEDA, Khyber-Pakh
Published 22 Nov, 2013 12:00am
Motorcycle riding on GT Road: NH&MP DIG issues directives

Motorcycle riding on GT Road: NH&MP DIG issues directives

Deputy Inspector General (DIG) National Highway and Motorway Police (NH&MP) Muhammad Zubair Hashmi said that from December 1, motorcycle riders will not be allowed to ride motorcycle on GT Road without wearing safety helmet. According to details, the DIG
Published 22 Nov, 2013 12:00am
Banks/DFIs high-ups: SBP spells out consumer loan write-off procedure

Banks/DFIs high-ups: SBP spells out consumer loan write-off procedure

The State Bank of Pakistan on Thursday asked banks/DFIs to get a prior approval before writing off consumer financing loans of Directors, Chief Executives and sponsor shareholders of the bank/DFI or their relatives. The SBP has also urged banks/DFIs for e
Published 22 Nov, 2013 12:00am
SHC asks Baghdadi police to recover missing man

SHC asks Baghdadi police to recover missing man

Sindh High Court (SHC) on Thursday directed head of Baghdadi police station to recover and produce a missing man in it, who was allegedly detained by paramilitary forces. A division bench of SHC, headed by Justice Ghulam Sarwar Korai, also issued notice t
Published 22 Nov, 2013 12:00am
Anomalies in sales tax laws impede Hybrid cars imports

Anomalies in sales tax laws impede Hybrid cars imports

Anomalies in the sales tax laws are holding back local car manufacturers from introducing Hybrid Electric Vehicle (HEV) in Pakistan as the tax relief recently announced by the government is only applicable at the import stage for Hybrid vehicles and not o
Published 22 Nov, 2013 12:00am
Anomalies in sales tax laws impede Hybrid cars imports

Anomalies in sales tax laws impede Hybrid cars imports

Anomalies in the sales tax laws are holding back local car manufacturers from introducing Hybrid Electric Vehicle (HEV) in Pakistan as the tax relief recently announced by the government is only applicable at the import stage for Hybrid vehicles and not o
Published 22 Nov, 2013 12:00am
Master Plan of DHA Phase-VIII revised in 2007: SHC informed

Master Plan of DHA Phase-VIII revised in 2007: SHC informed

Sindh High Court (SHC) was informed that Master layout plan of DHA Phase-VIII was revised in 2007 to meet increased demands for services and traffic. DHA counsel informed this to a single-member bench of SHC of Justice Muhammad Shafi Siddiqui, who was hea
Published 22 Nov, 2013 12:00am
Farooqui takes charge as KMC administrator

Farooqui takes charge as KMC administrator

Rauf Akhtar Farooqui took the charge as administrator Karachi Metropolitan Corporation (KMC) on Thursday. Later, he held an informal meeting with heads and officers of different KMC departments and urged them develop a team work spirit to facilitate Karac
Published 22 Nov, 2013 12:00am
CoAS visits Baloch Regimental Centre

CoAS visits Baloch Regimental Centre

Chief of Army Staff (CoAS), General Ashfaq Parvez Kayani, visited Baloch Regimental Centre in Abbottabad on Thursday. As Colonel-in-Chief of Baloch Regiment, he addressed troops of the regiment and paid rich tributes to the sacrifices of officers and men
Published 22 Nov, 2013 12:00am
Shia Ulema Council postpones protest rallies till Sunday

Shia Ulema Council postpones protest rallies till Sunday

The Shia Ulema Council (SUC) has postponed Friday's protest rallies till Sunday. "Countrywide protest will be held on Sunday," announced the Secretary General of Shia Ulema Council, here on Thursday evening. Allama Abbas Kumeli demanded on the occasion th
Published 22 Nov, 2013 12:00am
Pillion riding ban in Sindh

Pillion riding ban in Sindh

Keeping in view the religious parties' call for a countrywide protest on Friday against Rawalpindi carnage and worsening law and order situation, the Sindh Home Ministry has announced imposition of ban on pillion riding across the province including Karac
Published 22 Nov, 2013 12:00am
Things are looking up for Engro Fertiliser: CEO

Things are looking up for Engro Fertiliser: CEO

BR Research sat down with Ruhail Mohammed back in late August when the news of the firm's IPO aspiration was fresh. Following is a brief excerpt from the meeting where Ruhail talks about Engro's plans to insure long-term gas supplies, the plans for expans
Published 22 Nov, 2013 12:00am
Things are looking up for Engro Fertiliser: CEO

Things are looking up for Engro Fertiliser: CEO

BR Research sat down with Ruhail Mohammed back in late August when the news of the firm's IPO aspiration was fresh. Following is a brief excerpt from the meeting where Ruhail talks about Engro's plans to insure long-term gas supplies, the plans for expans
Published 22 Nov, 2013 12:00am
Dar reviews performance of foreign missions

Dar reviews performance of foreign missions

To review the performance of different officers posted at foreign missions was held here on Thursday under the chairmanship of Federal Miinister for Finance Ishaq Dar The meeting was attended by ministers for Information, Broadcasting and National Heritag
Published 22 Nov, 2013 12:00am
Pakistan-US DCG meets in Washington

Pakistan-US DCG meets in Washington

As part of the Strategic Dialogue, Pakistan-US Defence Consultative Group (DCG) met here on Thursday with improved mutual understanding on co-operative efforts for Afghan peace and resolve to sustain defence partnership beyond 2014.
Published 22 Nov, 2013 12:00am
Workshop on microbiology, molecular genetics held at PU

Workshop on microbiology, molecular genetics held at PU

Department of Microbiology and Molecular Genetics has organised a workshop for the students of Government Science College, Wahdat Road at the department for helping them understand a few concepts of the field. Addressing the seminar, Dr Zakia and her PhD
Published 22 Nov, 2013 12:00am
The Weather

The Weather

The weather report on Thursday (November 21, 2013) and the forecast for Friday (November 22, 2013).

Published 22 Nov, 2013 12:00am
Model Customs Collectorates to remain open on November 23

Model Customs Collectorates to remain open on November 23

The Federal Board of Revenue (FBR) has announced that all the Model Customs Collectorates will remain open and observe normal working hours on Saturday (November 23), 2013 to facilitate the trade and industry in getting their cargo cleared for imports/exp
Published 22 Nov, 2013 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (November 21, 2013).

Published 22 Nov, 2013 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (November 21, 2013).

Published 22 Nov, 2013 12:00am
Japanese envoy discusses issues of bilateral ties with Nisar

Japanese envoy discusses issues of bilateral ties with Nisar

The Ambassador of Japan, Hiroshi Inomata called on the Federal Minister for Interior and Narcotics Control, Chaudhry Nisar Ali Khan here on Thursday and discussed the issues of bilateral relations between the two countries. The Minister said that Pakistan
Published 22 Nov, 2013 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 22 Nov, 2013 12:00am
Double taxation avoidance Pakistan urges Kabul to sign convention

Double taxation avoidance Pakistan urges Kabul to sign convention

Pakistan is making efforts to ink the Avoidance of Double Taxation and the Prevention of Fiscal Evasion convention with Afghanistan. Sources told Business Recorder here on Thursday that Pakistan has drafted a standard model of Avoidance of Double T
Published 22 Nov, 2013 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 22 Nov, 2013 12:00am
Treason case: US, Saudi Arabia not seeking to influence trial: Aitzaz

Treason case: US, Saudi Arabia not seeking to influence trial: Aitzaz

Barrister Aitzaz Ahsan on Thursday said that Saudi Arabia and the US did not seek to influence the trial of General Pervez Musharraf, as "it is purely an internal matter of the country." Talking to journalists outside Supreme Court building, he said the
Published 22 Nov, 2013 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (November 21, 2013).

Published 22 Nov, 2013 12:00am
Altaf slams drone attack

Altaf slams drone attack

The founder and leader of MQM Altaf Hussain has condemned the drone attack on a Madrassa in Tal area of Hangu. He said Sartaj Aziz, advisor on foreign affairs, assured the nation that America had promised not to carry out drone attacks during negotiation
Published 22 Nov, 2013 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (November 21, 2013).

Published 22 Nov, 2013 12:00am
Oil prices rise as gasoline leads

Oil prices rise as gasoline leads

Crude oil futures rose by more than $1 per barrel on Thursday, boosted by positive US economic data and surging gasoline prices as demand was expected to rise with the holiday driving season. Investors were also eyeing talks between Western powers and Ira
Published 22 Nov, 2013 12:00am
Energy, Thar coal development: Sindh government, Turkish firms ink MoU

Energy, Thar coal development: Sindh government, Turkish firms ink MoU

A memorandum of understanding (MoU) between Government of Sindh and two Turkish companies Sanko Holding AS and Teyo AS together referred as "ST" (Here & after) was signed here at Chief Minister''s House Karachi on Thursday. With a view to kick start inves
Published 22 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 Thursday (November 21, 2013).

Published 22 Nov, 2013 12:00am
Energy, Thar coal development: Sindh government, Turkish firms ink MoU

Energy, Thar coal development: Sindh government, Turkish firms ink MoU

A memorandum of understanding (MoU) between Government of Sindh and two Turkish companies Sanko Holding AS and Teyo AS together referred as "ST" (Here & after) was signed here at Chief Minister's House Karachi on Thursday. With a view to kick start invest
Published 22 Nov, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (November 21, 2013).

Published 22 Nov, 2013 12:00am
Energy, Thar coal development: Sindh government, Turkish firms ink MoU

Energy, Thar coal development: Sindh government, Turkish firms ink MoU

A memorandum of understanding (MoU) between Government of Sindh and two Turkish companies Sanko Holding AS and Teyo AS together referred as "ST" (Here & after) was signed here at Chief Minister's House Karachi on Thursday. With a view to kick start invest
Published 22 Nov, 2013 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (November 21, 2013).

Published 22 Nov, 2013 12:00am
Sharifuddin Pirzada meets Musharraf

Sharifuddin Pirzada meets Musharraf

Former President General Pervez Musharraf (Retd) has started consultations with legal wizards to challenge in the SC the establishment of special court to initiate high treason trial against him. Sources said eminent lawyers Sharifuddin Pirzada and Ibrahi
Published 22 Nov, 2013 12:00am
Sharifuddin Pirzada meets Musharraf

Sharifuddin Pirzada meets Musharraf

Former President General Pervez Musharraf (Retd) has started consultations with legal wizards to challenge in the SC the establishment of special court to initiate high treason trial against him. Sources said eminent lawyers Sharifuddin Pirzada and Ibrahi
Published 22 Nov, 2013 12:00am
LG polls: ECP drops idea of using magnetic ink pads

LG polls: ECP drops idea of using magnetic ink pads

The Election Commission of Pakistan (ECP) decided that it would not use magnetic ink pads in the upcoming Local Government polls. An official of ECP disclosed that the Nadra suggested the ECP to drop the idea of using magnetic ink pads in the LG polls and
Published 22 Nov, 2013 12:00am
THE RUPEE: falling trend

THE RUPEE: falling trend

The rupee depicted weakness on the currency market on Thursday in the process of trading, dealers said. The rupee lost 15 paisa against the dollar for buying and selling at Rs 108.65 and Rs 108.85, while it appreciated versus the euro, picking up 70 paisa
Published 22 Nov, 2013 12:00am
LG polls: ECP drops idea of using magnetic ink pads

LG polls: ECP drops idea of using magnetic ink pads

The Election Commission of Pakistan (ECP) decided that it would not use magnetic ink pads in the upcoming Local Government polls. An official of ECP disclosed that the Nadra suggested the ECP to drop the idea of using magnetic ink pads in the LG polls and
Published 22 Nov, 2013 12:00am
THE RUPEE: falling trend

THE RUPEE: falling trend

The rupee depicted weakness on the currency market on Thursday in the process of trading, dealers said. The rupee lost 15 paisa against the dollar for buying and selling at Rs 108.65 and Rs 108.85, while it appreciated versus the euro, picking up 70 paisa
Published 22 Nov, 2013 12:00am
Fed nominee Yellen passes key Senate hurdle

Fed nominee Yellen passes key Senate hurdle

Janet Yellen, nominated by the White House to replace Ben Bernanke as Federal Reserve chair, passed a key hurdle Thursday when the Senate Banking Committee voted in favour of her. Three Republicans joined 11 committee Democrats in the 14-8 vote for Yellen
Published 22 Nov, 2013 12:00am
Italian investors urged to invest in Pakistan

Italian investors urged to invest in Pakistan

Pakistan Muslim League-Nawaz (PML-N) senior leader Muhammad Pervez Malik has offered Italian investors to join hands with their Pakistani counterparts as the present government is taking unprecedented measures to facilitate foreign investment.
Published 22 Nov, 2013 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (November 21, 2013).

Published 22 Nov, 2013 12:00am
PCGA reacts strongly to inflated cotton estimates

PCGA reacts strongly to inflated cotton estimates

Pakistan Cotton Ginners Association (PCGA) has strongly reacted to inflated cotton estimates of 16.4 million bales, saying that total cotton production of Pakistan will not be more than 11.3 million bales in any case. PCGA President Mukhtar Ahmed Khan Bal
Published 22 Nov, 2013 12:00am
Heavy rains force closure of Dubai Airshow, UAE schools

Heavy rains force closure of Dubai Airshow, UAE schools

Heavy rains and flooding forced the annual airshow in Dubai to close early on its last day Thursday while schools in the desert Gulf state were ordered shut. "The Dubai Airshow is closed for now, we advise people to refrain from travelling to the site," o
Published 22 Nov, 2013 12:00am
Punjab chief minister, Michael discuss introduction of MasterCard

Punjab chief minister, Michael discuss introduction of MasterCard

A delegation led by President, MasterCard Company Middle East and Africa, Michael Miebach met Punjab Chief Minister Shahbaz Sharif here on Thursday. Matters regarding introduction of MasterCard for improving performance of various sectors in Punjab were d
Published 22 Nov, 2013 12:00am
ISE index improves by 20.56 points

ISE index improves by 20.56 points

Bulls dominated the proceedings at the Islamabad Stock Exchange (ISE) on Thursday, 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 20.56 points as the ISE T
Published 22 Nov, 2013 12:00am
ISE index improves by 20.56 points

ISE index improves by 20.56 points

Bulls dominated the proceedings at the Islamabad Stock Exchange (ISE) on Thursday, 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 20.56 points as the ISE T
Published 22 Nov, 2013 12:00am
LSE index up by 10.06 points

LSE index up by 10.06 points

Equities on Thursday moved both ways on the Lahore Stock Exchange and finally settled in negative zone amid marginally decreased trading turnover. The LSE-25 index was improved by 10.06 points to close at 4622.09 against 4612.03 of Wednesday, while transa
Published 22 Nov, 2013 12:00am
LSE index up by 10.06 points

LSE index up by 10.06 points

Equities on Thursday moved both ways on the Lahore Stock Exchange and finally settled in negative zone amid marginally decreased trading turnover. The LSE-25 index was improved by 10.06 points to close at 4622.09 against 4612.03 of Wednesday, while transa
Published 22 Nov, 2013 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 22 Nov, 2013 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 22 Nov, 2013 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 22 Nov, 2013 12:00am
Blasts, firing kill 10 in Balochistan

Blasts, firing kill 10 in Balochistan

At least 10 people including two children were killed and 31 injured in bomb explosions and incidents of targeted killings in Quetta and other troubled parts of Balochistan on Thursday, police said. Arif Nawaz, the Regional Police Officer Police Quetta sa
Published 22 Nov, 2013 12:00am
Prime Minister reiterates support to Afghan High Peace Council

Prime Minister reiterates support to Afghan High Peace Council

Prime Minister Nawaz Sharif has reiterated the importance that Pakistan attaches to a peaceful and stable Afghanistan. He was talking to a delegation of Afghan High Peace Council (HPC), headed by Chairman Salahuddin Rabani that called on him here on Thurs
Published 22 Nov, 2013 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 22 Nov, 2013 12:00am
Prime Minister reiterates support to Afghan High Peace Council

Prime Minister reiterates support to Afghan High Peace Council

Prime Minister Nawaz Sharif has reiterated the importance that Pakistan attaches to a peaceful and stable Afghanistan. He was talking to a delegation of Afghan High Peace Council (HPC), headed by Chairman Salahuddin Rabani that called on him here on Thurs
Published 22 Nov, 2013 12:00am
BRIndex30 sheds 80.74 points

BRIndex30 sheds 80.74 points

On Thurs-day, BRIndex30 opened at 13,865.07. It touched an intraday high of 13,956.10 and an intraday low of 13,761.31 and closed at 13,784.33, which was -80.74 points or -0.58 percent lower than previous close. Total volume was 94,534,400, which was 65.4
Published 22 Nov, 2013 12:00am
BRIndex30 sheds 80.74 points

BRIndex30 sheds 80.74 points

On Thurs-day, BRIndex30 opened at 13,865.07. It touched an intraday high of 13,956.10 and an intraday low of 13,761.31 and closed at 13,784.33, which was -80.74 points or -0.58 percent lower than previous close. Total volume was 94,534,400, which was 65.4
Published 22 Nov, 2013 12:00am
Equities extend losses

Equities extend losses

Karachi Stock Exchange witnessed a volatile session Thursday and closed lower following selling pressure at the fag end. The KSE-100 Index lost 16.79 points to close at 23,784.18 against 23,800.97 Wednesday. The volume at the ready counter slipped to 144.
Published 22 Nov, 2013 12:00am
Equities extend losses

Equities extend losses

Karachi Stock Exchange witnessed a volatile session Thursday and closed lower following selling pressure at the fag end. The KSE-100 Index lost 16.79 points to close at 23,784.18 against 23,800.97 Wednesday. The volume at the ready counter slipped to 144.
Published 22 Nov, 2013 12:00am
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