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Print - 2014-03-18
Negotiator says Taliban seek release of 300 women, children

Negotiator says Taliban seek release of 300 women, children

Professor Muhammad Ibrahim, a member of Taliban intermediary committee, has said that they have forwarded a list of 300 women and children believed to be in the custody of the security agencies, to the government to ensure their release. Talking to Bus
Published 18 Mar, 2014 12:00am
Insecticides import up by 43 percent in July-January

Insecticides import up by 43 percent in July-January

Pakistan's import of insecticides grew by 43 percent to $58.382 million in July-January 2013-14, official figures showed. The country's import of insecticides went up by $17.562 million in July-January 2013-14 from $40.820 million in the same period last
Published 18 Mar, 2014 12:00am
Doctor among two shot dead in Karachi

Doctor among two shot dead in Karachi

At least 2 persons including a doctor were killed in two different incidents of violence here on Monday in the Metropolis. According to police and rescue sources Dr Shoukat, 40, was shot dead by unknown motorcyclists near Ayeshia Manzil in the jurisdictio
Published 18 Mar, 2014 12:00am
MoC seeks monthly activity report from TCP

MoC seeks monthly activity report from TCP

The Ministry of Commerce has asked the Trading Corporation Pakistan (TCP) to submit a detailed activity report on a monthly basis. Sources told Business Recorder on Monday that the ministry has decided to closely monitor the performance of differen
Published 18 Mar, 2014 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 7th March, 2014.

Published 18 Mar, 2014 12:00am
Pakistan on course to achieve fiscal targets: US businesspersons told

Pakistan on course to achieve fiscal targets: US businesspersons told

A delegation of US-Pakistan Business Council, US Chamber of Commerce called on Finance Minister Ishaq Dar at the Finance Ministry on Monday. The Finance Minister briefed the delegation on economic situation in the country. He said when the PML-N governmen
Published 18 Mar, 2014 12:00am
Pakistan on course to achieve fiscal targets: US businesspersons told

Pakistan on course to achieve fiscal targets: US businesspersons told

A delegation of US-Pakistan Business Council, US Chamber of Commerce called on Finance Minister Ishaq Dar at the Finance Ministry on Monday. The Finance Minister briefed the delegation on economic situation in the country. He said when the PML-N governmen
Published 18 Mar, 2014 12:00am
Pakistan on course to achieve fiscal targets: US businesspersons told

Pakistan on course to achieve fiscal targets: US businesspersons told

A delegation of US-Pakistan Business Council, US Chamber of Commerce called on Finance Minister Ishaq Dar at the Finance Ministry on Monday. The Finance Minister briefed the delegation on economic situation in the country. He said when the PML-N governmen
Published 18 Mar, 2014 12:00am
US, EU set sanctions as Putin recognises Crimea 'sovereignty'

US, EU set sanctions as Putin recognises Crimea 'sovereignty'

The United States and European Union imposed personal sanctions on Monday on Russian and Crimean officials involved in the seizure of Crimea from Ukraine as Russian President Vladimir Putin signed a decree recognising the region as a sovereign state.
Published 18 Mar, 2014 12:00am
US, EU set sanctions as Putin recognises Crimea 'sovereignty'

US, EU set sanctions as Putin recognises Crimea 'sovereignty'

The United States and European Union imposed personal sanctions on Monday on Russian and Crimean officials involved in the seizure of Crimea from Ukraine as Russian President Vladimir Putin signed a decree recognising the region as a sovereign state.
Published 18 Mar, 2014 12:00am
Global stocks rise sharply, yen dips

Global stocks rise sharply, yen dips

World stocks rose sharply on Monday as prices of the safe-haven yen and US Treasuries fell, a day after Crimea's vote to join Russia passed without major violence, easing fears that had driven equities to a one-month low on Friday. The yen fell broadly af
Published 18 Mar, 2014 12:00am
Global stocks rise sharply, yen dips

Global stocks rise sharply, yen dips

World stocks rose sharply on Monday as prices of the safe-haven yen and US Treasuries fell, a day after Crimea's vote to join Russia passed without major violence, easing fears that had driven equities to a one-month low on Friday. The yen fell broadly af
Published 18 Mar, 2014 12:00am
Global stocks rise sharply, yen dips

Global stocks rise sharply, yen dips

World stocks rose sharply on Monday as prices of the safe-haven yen and US Treasuries fell, a day after Crimea''s vote to join Russia passed without major violence, easing fears that had driven equities to a one-month low on Friday. The yen fell broadly a
Published 18 Mar, 2014 12:00am
Goods and services: FBR may allow retrospective cross adjustment of ST

Goods and services: FBR may allow retrospective cross adjustment of ST

The Federal Board of Revenue (FBR) is likely to allow retrospective cross adjustment of sales tax on goods and services levied by the federal and provincial governments, respectively, from July 1, 2014. Sources told Business Recorder on Monday that
Published 18 Mar, 2014 12:00am
Goods and services: FBR may allow retrospective cross adjustment of ST

Goods and services: FBR may allow retrospective cross adjustment of ST

The Federal Board of Revenue (FBR) is likely to allow retrospective cross adjustment of sales tax on goods and services levied by the federal and provincial governments, respectively, from July 1, 2014. Sources told Business Recorder on Monday that
Published 18 Mar, 2014 12:00am
Goods and services: FBR may allow retrospective cross adjustment of ST

Goods and services: FBR may allow retrospective cross adjustment of ST

The Federal Board of Revenue (FBR) is likely to allow retrospective cross adjustment of sales tax on goods and services levied by the federal and provincial governments, respectively, from July 1, 2014. Sources told Business Recorder on Monday that
Published 18 Mar, 2014 12:00am
Exporters submitting fake Form 'E'

Exporters submitting fake Form 'E'

Exporters are reportedly involved in submitting a fake export document to avoid realisation of foreign remittances in Pakistan; it is learnt here on Monday. Sources said the incidents of submitting a fake export document - Form "E" - by exporters have rap
Published 18 Mar, 2014 12:00am
Exporters submitting fake Form 'E'

Exporters submitting fake Form 'E'

Exporters are reportedly involved in submitting a fake export document to avoid realisation of foreign remittances in Pakistan; it is learnt here on Monday. Sources said the incidents of submitting a fake export document - Form "E" - by exporters have rap
Published 18 Mar, 2014 12:00am
Exporters submitting fake Form ''E''

Exporters submitting fake Form ''E''

Exporters are reportedly involved in submitting a fake export document to avoid realisation of foreign remittances in Pakistan; it is learnt here on Monday. Sources said the incidents of submitting a fake export document - Form "E" - by exporters have rap
Published 18 Mar, 2014 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 18 Mar, 2014 12:00am
Car prices: Assemblers grilled by National Assembly body

Car prices: Assemblers grilled by National Assembly body

National Assembly Standing Committee on Industries and Production on Monday grilled local car assemblers for allegedly charging exorbitant prices through dealers' network and a lack of quality and safety regulations. The committee first presided over by M
Published 18 Mar, 2014 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 18 Mar, 2014 12:00am
Car prices: Assemblers grilled by National Assembly body

Car prices: Assemblers grilled by National Assembly body

National Assembly Standing Committee on Industries and Production on Monday grilled local car assemblers for allegedly charging exorbitant prices through dealers' network and a lack of quality and safety regulations. The committee first presided over by M
Published 18 Mar, 2014 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 18 Mar, 2014 12:00am
Car prices: Assemblers grilled by National Assembly body

Car prices: Assemblers grilled by National Assembly body

National Assembly Standing Committee on Industries and Production on Monday grilled local car assemblers for allegedly charging exorbitant prices through dealers'' network and a lack of quality and safety regulations. The committee first presided over by
Published 18 Mar, 2014 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 18 Mar, 2014 12:00am
Transfer of Rs 65 billion: MoF asked to explain legality

Transfer of Rs 65 billion: MoF asked to explain legality

The Supreme Court on Monday directed the Ministry of Finance to clarify and explain the legality of moving Rs 65 billion lying under Universal Services Fund (USF) with commercial banks to Federal Consolidated Fund (FCF). The Attorney General for Pakistan
Published 18 Mar, 2014 12:00am
Transfer of Rs 65 billion: MoF asked to explain legality

Transfer of Rs 65 billion: MoF asked to explain legality

The Supreme Court on Monday directed the Ministry of Finance to clarify and explain the legality of moving Rs 65 billion lying under Universal Services Fund (USF) with commercial banks to Federal Consolidated Fund (FCF). The Attorney General for Pakistan
Published 18 Mar, 2014 12:00am
Transfer of Rs 65 billion: MoF asked to explain legality

Transfer of Rs 65 billion: MoF asked to explain legality

The Supreme Court on Monday directed the Ministry of Finance to clarify and explain the legality of moving Rs 65 billion lying under Universal Services Fund (USF) with commercial banks to Federal Consolidated Fund (FCF). The Attorney General for Pakistan
Published 18 Mar, 2014 12:00am
Oil, banking stocks lead rally

Oil, banking stocks lead rally

Karachi Stock Exchange Monday closed higher supported by oil and banking sector scrips and the benchmark 100-Index gained 105 points to close at all-time high of 27,229 points up from 27,124 points Friday. "After positive statement by Moody's on Pakistan'
Published 18 Mar, 2014 12:00am
Oil, banking stocks lead rally

Oil, banking stocks lead rally

Karachi Stock Exchange Monday closed higher supported by oil and banking sector scrips and the benchmark 100-Index gained 105 points to close at all-time high of 27,229 points up from 27,124 points Friday. "After positive statement by Moody's on Pakistan'
Published 18 Mar, 2014 12:00am
Oil, banking stocks lead rally

Oil, banking stocks lead rally

Karachi Stock Exchange Monday closed higher supported by oil and banking sector scrips and the benchmark 100-Index gained 105 points to close at all-time high of 27,229 points up from 27,124 points Friday. "After positive statement by Moody''s on Pakistan
Published 18 Mar, 2014 12:00am
BRIndex30 up by 6.45 points

BRIndex30 up by 6.45 points

On Monday, BRIndex30 opened at 16,454.84. It touched an intraday high of 16,605.84 and an intraday low of 16,445.53 and closed at 16,461.29, which was 6.45 points or 0.04 percent higher than previous close. Total volume was 133,356,300, which was 63.58 pe
Published 18 Mar, 2014 12:00am
BRIndex30 up by 6.45 points

BRIndex30 up by 6.45 points

On Monday, BRIndex30 opened at 16,454.84. It touched an intraday high of 16,605.84 and an intraday low of 16,445.53 and closed at 16,461.29, which was 6.45 points or 0.04 percent higher than previous close. Total volume was 133,356,300, which was 63.58 pe
Published 18 Mar, 2014 12:00am
THE RUPEE: divergent trend

THE RUPEE: divergent trend

The rupee shed its gains on the inter-bank market against the dollar but on the other hand it managed to gain modestly on the open market on the money market on Monday, dealers said. Currency viewers said the rupee was moving cautiously against the dollar
Published 18 Mar, 2014 12:00am
India, Taliban say know nothing about missing plane

India, Taliban say know nothing about missing plane

Aviation officials in India and Central Asia as well as Taliban militants said they knew nothing about the whereabouts of a missing Malaysian jetliner on Monday after the search for Flight MH370 extended into their territory. Malaysia Airlines Flight MH37
Published 18 Mar, 2014 12:00am
THE RUPEE: divergent trend

THE RUPEE: divergent trend

The rupee shed its gains on the inter-bank market against the dollar but on the other hand it managed to gain modestly on the open market on the money market on Monday, dealers said. Currency viewers said the rupee was moving cautiously against the dollar
Published 18 Mar, 2014 12:00am
India, Taliban say know nothing about missing plane

India, Taliban say know nothing about missing plane

Aviation officials in India and Central Asia as well as Taliban militants said they knew nothing about the whereabouts of a missing Malaysian jetliner on Monday after the search for Flight MH370 extended into their territory. Malaysia Airlines Flight MH37
Published 18 Mar, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (March 17, 2014).

Published 18 Mar, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (March 17, 2014).

Published 18 Mar, 2014 12:00am
PPP submits adjournment motion

PPP submits adjournment motion

Pakistan People's Party (PPP) Monday submitted in the National Assembly an adjournment motion to discuss $1.5 billion credited to Pakistan Development Fund by a friendly Muslim country. The motion is meant for the coming session of the National Assembly,
Published 18 Mar, 2014 12:00am
PPP submits adjournment motion

PPP submits adjournment motion

Pakistan People's Party (PPP) Monday submitted in the National Assembly an adjournment motion to discuss $1.5 billion credited to Pakistan Development Fund by a friendly Muslim country. The motion is meant for the coming session of the National Assembly,
Published 18 Mar, 2014 12:00am
Sharp boost in reserves is credit positive: Moody's

Sharp boost in reserves is credit positive: Moody's

The Pakistan (Caa1 negative) central bank last Friday announced that the country's total liquid foreign exchange reserves had risen to $9.4 billion as of 7 March, from $7.6 billion a month earlier. Given the decrease in reserves last year, this sharp turn
Published 18 Mar, 2014 12:00am
Sharp boost in reserves is credit positive: Moody's

Sharp boost in reserves is credit positive: Moody's

The Pakistan (Caa1 negative) central bank last Friday announced that the country's total liquid foreign exchange reserves had risen to $9.4 billion as of 7 March, from $7.6 billion a month earlier. Given the decrease in reserves last year, this sharp turn
Published 18 Mar, 2014 12:00am
Israel's Peres apologises over shooting of Jordan judge

Israel's Peres apologises over shooting of Jordan judge

Jordan said on Monday that Israeli President Shimon Peres had apologised to King Abdullah II for the killing of a Jordanian judge by Israeli troops last week. Peres for his part issued a statement saying he had called Abdullah to express "deep regret" for
Published 18 Mar, 2014 12:00am
US MIDDAY: gold drops

US MIDDAY: gold drops

Gold prices fell early on Monday as a sharp rally in US equities triggered profit-taking after bullion briefly rose to a six-month high earlier in the day. Wall Street, measured by the S&P 500 index, rose about 1 percent as East-West tensions over Crimea
Published 18 Mar, 2014 12:00am
US MIDDAY: wheat lower

US MIDDAY: wheat lower

Wheat futures on the Chicago Board of Trade fell early on Monday on profit-taking and technical selling, one day after Crimea's vote to join Russia passed without major violence, traders said. CBOT wheat had risen 2 percent on Friday on fears that the wee
Published 18 Mar, 2014 12:00am
Gold down in Europe

Gold down in Europe

Gold prices briefly hit their highest in six months on Monday as appetite for risk remained cautious following Crimea's vote to break from Ukraine and Western countries' sanctions on Moscow and Kiev officials. European Union foreign ministers have agreed
Published 18 Mar, 2014 12:00am
Gold up in Asia

Gold up in Asia

Gold was trading near its highest level in over six months on Monday on weaker equities and as Crimea voted to join Russia, heightening tensions between Moscow and the West. Bullion has gained 15 percent this year as mounting geopolitical tensions and fea
Published 18 Mar, 2014 12:00am
Coffee falls further, cocoa jumps

Coffee falls further, cocoa jumps

Arabica coffee futures on ICE dropped for the second straight day on Monday, its biggest two-day tumble in 2-1/2 years, as a forecast for widespread rain in top grower Brazil's coffee belt took out some of the market's weather premium. Cocoa on ICE Future
Published 18 Mar, 2014 12:00am
Palm oil falls to near three-week low

Palm oil falls to near three-week low

Malaysian palm oil futures fell to a near three-week low on Monday, stretching their losing streak into a fifth session as a weaker-than-expected export data fuelled worries that the recent price rally would shift demand to cheaper competing edible oils.
Published 18 Mar, 2014 12:00am
Tokyo rubber down 2.5 percent

Tokyo rubber down 2.5 percent

Benchmark Tokyo rubber futures gave up early gains and ended lower on Monday, while the Shanghai market fell more than 4 percent on concerns over high inventory and economic growth in main consumer China. The Tokyo Commodity Exchange rubber contract for A
Published 18 Mar, 2014 12:00am
Brent oil falls below $107 as Ukraine concern eases

Brent oil falls below $107 as Ukraine concern eases

Brent oil futures fell by nearly $2 per barrel on Monday as ample global supplies outweighed concerns over continued tensions between Russia and the West over the fate of Crimea. While the United States and Europe imposed sanctions on Russian officials, C
Published 18 Mar, 2014 12:00am
Copper steadies

Copper steadies

Copper was steady on Monday with buyers attracted by low prices after a sharp drop last week, but persistent concerns about top consumer China's growth outlook kept the metal within sight of the near four-year low it hit last week. Copper fell sharply las
Published 18 Mar, 2014 12:00am
Shanghai copper climbs

Shanghai copper climbs

The most-traded June copper contract on the Shanghai Futures Exchange climbed 0.7 percent to 44,670 yuan ($7,300) a tonne on Monday. There were some signs of brighter domestic demand, with local prices for physical metal trading at a premium to front-mont
Published 18 Mar, 2014 12:00am
Titan eyes jewellery exports as gold curbs hit sales at home

Titan eyes jewellery exports as gold curbs hit sales at home

India's biggest jewellery retailer Titan Co Ltd hopes to start exports in the next fiscal year to perk up sales that have been dampened by the country's strict curbs on gold imports, a senior company official said on Wednesday. Struggling with a balloonin
Published 18 Mar, 2014 12:00am
Faysal Bank Limited

Faysal Bank Limited

Faysal Bank Limited (FABL) was incorporated in Pakistan in 1994, as a public limited company. Faysal Bank is engaged in corporate, commercial and retail banking besides Islamic Banking activities under the brand name of Barkat Islamic Banking. FABL's foot
Published 18 Mar, 2014 12:00am
Faysal Bank Limited

Faysal Bank Limited

Faysal Bank Limited (FABL) was incorporated in Pakistan in 1994, as a public limited company. Faysal Bank is engaged in corporate, commercial and retail banking besides Islamic Banking activities under the brand name of Barkat Islamic Banking. FABL's foot
Published 18 Mar, 2014 12:00am
Proper packaging may boost dates exports manifold: TDAP

Proper packaging may boost dates exports manifold: TDAP

Pakistan remains unable to get maximum advantage from its dates' exports to India, lacking in proper marketing mechanism. 'Presently export has increased by only 24 percent. Pakistan is one of the main growers of dates but due to absence of marketing mech
Published 18 Mar, 2014 12:00am
US scientists find echoes of Big Bang

US scientists find echoes of Big Bang

In a major discovery for understanding the origins of the universe, US scientists said Monday they have detected echoes of the Big Bang 14 billion years ago. The "first direct evidence of cosmic inflation," or the rapid growth spurt that came in the first
Published 18 Mar, 2014 12:00am
Obama tells Abbas risks for peace are needed

Obama tells Abbas risks for peace are needed

US President Barack Obama on Monday told Palestinian leader Mahmud Abbas that both he and Israeli leaders must make tough political decisions and take "risks" for peace. Meeting Obama at the White House, Abbas said a scheduled Israeli release of a fourth
Published 18 Mar, 2014 12:00am