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Print - 2014-04-04
SAS holds enterprise risk management seminar

SAS holds enterprise risk management seminar

SAS, the leading provider of business analytics software and services, conducted a seminar in conjunction with New Horizon on Enterprise Risk Management & Fraud recently in Karachi. Speakers were Valery Ollivier Sales Director Risk Management for Mideast,
Published 04 Apr, 2014 12:00am
Duty concession on BOPET film import withdrawn

Duty concession on BOPET film import withdrawn

The Federal Board of Revenue (FBR) has withdrawn concessionary rate of customs duty on the import of BOPET film. In this connection, the FBR has amended SRO 565(I)/2006 through an SRO.221(I)/2014 issued here on Thursday. When contacted, sources said that
Published 04 Apr, 2014 12:00am
Nawaz directs minister to modernise railway stations

Nawaz directs minister to modernise railway stations

Prime Minister Nawaz Sharif on Thursday directed the Pakistan Railways to modernise the railway stations with better services for the citizens. Chairing a high level meeting on Pakistan Railways held at the PM House, he appreciated ministry's focus on imp
Published 04 Apr, 2014 12:00am
One more polio case surfaces in Bannu

One more polio case surfaces in Bannu

Another polio case surfaced in Bannu on Thursday after which the toll mounted to 40, most of which belong to KP and Fata. National Institute of Health (NIH) sources said a young girl, Sumera, d/o Zahidullah, hailing from Bannu, was affected with polio vir
Published 04 Apr, 2014 12:00am
Milli Yakjehti Council to hold international conference on April 15

Milli Yakjehti Council to hold international conference on April 15

Jamaat-i-Islami (JI) leader Liaquat Baloch on Thursday announced that Milli Yakjehti Council would hold an international 'Alam-i-Itihad-e-Ummah Conference' on April 15. Speaking at a news conference, he said that some forces were trying to create sectaria
Published 04 Apr, 2014 12:00am
Supreme Court restores PTI MNA Ghulam Sarwar Khan

Supreme Court restores PTI MNA Ghulam Sarwar Khan

The Supreme Court on Thursday restored Pakistan Tehreek-e-Insaf (PTI) Member of the National Assembly, Ghulam Sarwar Khan, who was elected from NA-53. A three-member bench of the apex court headed by Justice Anwar Zaheer Jamali was hearing the plea of Ghu
Published 04 Apr, 2014 12:00am
DHA bank accounts: Supreme Court issues freeze order

DHA bank accounts: Supreme Court issues freeze order

The Supreme Court Thursday issued a freeze order on the bank accounts of Defence Housing Authority (DHA) in twin cities of Rawalpindi and Islamabad for its failure to deposit Rs 22 billion with the Registrar's office in pursuance of court's earlier orders
Published 04 Apr, 2014 12:00am
Peace can't be restored in presence of US forces: Munawar

Peace can't be restored in presence of US forces: Munawar

Jamaat-i-Islami Central Ameer Syed Munawar Hassan said peace could not be restored until the complete withdrawal of US-led troops from this region, saying that a peaceful and prosperous Afghanistan as a greater interest of Pakistan.
Published 04 Apr, 2014 12:00am
At least 23 Afghan mortar shells land into North Waziristan

At least 23 Afghan mortar shells land into North Waziristan

At least 23 mortar shells fired from Afghanistan landed into North Waziristan on Thursday. According to reports, the mortar shells landed into Ghulam Khan and Bagi Dar areas of North Waziristan. No casualties or loss of life was reported due to the target
Published 04 Apr, 2014 12:00am
Musharraf enjoying army support?

Musharraf enjoying army support?

Officially, Pakistan Army stays tight-lipped on Pervez Musharraf's claim of having the army on his side, however, his stay in AFIC for three months and the agencies' periodic security alerts which allowed the former Chief of Army Staff to plead security c
Published 04 Apr, 2014 12:00am
Correction

Correction

Apropos an article titled "Textile trade through another lens', carried by Business Recorder in its BR Research columns on April 3, 2014, Majyd Aziz was erroneously described as a former Chairman of Karachi Press Club. It is clarified that he is a
Published 04 Apr, 2014 12:00am
Bomb in toy kills boy

Bomb in toy kills boy

A 10-year-old boy was killed and four others were wounded when an explosive apparently hidden inside a toy they were playing with detonated in Nowshera on Thursday, police said. The incident took place in Khaki, a suburb of Nowshera town in the Khyber-Pak
Published 04 Apr, 2014 12:00am
Farmhouse declared 'Satellite Military Hospital': spokesperson

Farmhouse declared 'Satellite Military Hospital': spokesperson

The farmhouse of former president General Pervez Musharraf (Retd) at Chak Shahzad has been declared a satellite facility of the Military Hospital, ex-president's International spokesperson said here Thursday. In a statement, Dr Raza Bokhari said the forme
Published 04 Apr, 2014 12:00am
Forex reserves stood at $9.8642 billion on March 28

Forex reserves stood at $9.8642 billion on March 28

The total liquid foreign reserves held by the country stood at $9,864.2 million on March 28. Giving the break-up of the foreign reserves position, a statement of the State Bank of Pakistan said on Thursday that foreign reserves held by the SBP stood at $5
Published 04 Apr, 2014 12:00am
Macroeconomic situation: Pakistan cannot access IBRD lending: World Bank

Macroeconomic situation: Pakistan cannot access IBRD lending: World Bank

Pakistan cannot currently access International Bank for Reconstruction and Development (IBRD) lending in the light of deteriorating macroeconomic situation of the country, revealed a latest World Bank report. According to the report, "The World Bank in Pa
Published 04 Apr, 2014 12:00am
200 tons of dates as gift received from Saudi Arabia

200 tons of dates as gift received from Saudi Arabia

The government of Saudi Arabia has sent a gift of 200 tons of dates to the Government of Pakistan. Jassim Mohammad Khalid Al-Khaldi, Deputy Head of Mission of Saudi Arabia formally handed over the consignment of dates to Captain Muhammad Aftab (Retd), Joi
Published 04 Apr, 2014 12:00am
Judges' appointments: need for amending Articles underscored

Judges' appointments: need for amending Articles underscored

Giving proposals on judges' appointments in the superior courts, Chairman Judicial Activism Panel Mohammad Azhar Siddique emphasised a dire need for amending Articles 193 and 209 for determination of criteria for qualification and disqualification in line
Published 04 Apr, 2014 12:00am
Tax evasion: two foreign IT firms' officials held

Tax evasion: two foreign IT firms' officials held

The Directorate General of Intelligence and Investigation Inland Revenue (IR) on Thursday arrested two high-profile executives of an international IT giant in Karachi, selling computer products and accessories on alleged involvement in tax evasion. Source
Published 04 Apr, 2014 12:00am
Prime Minister, Mengal discuss Balochistan situation

Prime Minister, Mengal discuss Balochistan situation

President Balochistan National Party-Mengal (BNP-M) Sardar Akhtar Mengal called on Prime Minister Muhammad Nawaz Sharif, here on Thursday. According to sources, besides prevailing situation in Balochistan, political situation of the country also came unde
Published 04 Apr, 2014 12:00am
All staff of Okara passport office suspended

All staff of Okara passport office suspended

The Federal Government suspended all staff members of Okara Passport Office including Office in Charge Noushad Ahmed due to mismanagement and negligence and deputed new staff to save the public from hardships and mental stress. The action follows a surpri
Published 04 Apr, 2014 12:00am
Five major projects LDA invites applications

Five major projects LDA invites applications

Lahore Development Authority (LDA) has invited applications from interested firms by April 22, for their pre-qualification for five major development projects in Lahore, Sheikhupura and Nankana Sahib.
Published 04 Apr, 2014 12:00am
Iran says all five abducted border guards alive

Iran says all five abducted border guards alive

Iran has said five border guards kidnapped by militants are in good health, disputing a report that one of them had been killed. The guards were seized while patrolling the lawless frontier with Pakistan in early February. Jaish al-Adl (Army of Justice),
Published 04 Apr, 2014 12:00am
Government decides to withdraw sugar subsidy at USC outlets

Government decides to withdraw sugar subsidy at USC outlets

The government has decided to allow Utility Stores Corporation (USC) to procure sugar directly from mills and withdraw subsidy of Rs 5 per kilogram at USC outlets, sources close to Secretary Industries and Production (MoI&P) told Business Recorder.
Published 04 Apr, 2014 12:00am
Crisis management in Thar - demand of time

Crisis management in Thar - demand of time

I want to draw the attention of concerned authorities towards the issue of lack of crisis management in Tharparkar. By watching the current situation of a drought-hit Tharparkar, one is impelled to conclude that government has shown irresponsible behaviou
Published 04 Apr, 2014 12:00am
Despite hurdles, Delphi's liability in GM recall could be tested

Despite hurdles, Delphi's liability in GM recall could be tested

Delphi Automotive's name does not appear on the outside of the 2.6 million vehicles recalled by General Motors Co since February, but the company is getting drawn into a mounting wave of litigation for its role in producing the faulty ignition switch that
Published 04 Apr, 2014 12:00am
The Weather

The Weather

The weather report on Thursday (April 03, 2014) and the forecast for Friday (April 04, 2014).

Published 04 Apr, 2014 12:00am
Inheritance cases show legal pitfalls of Korean unification

Inheritance cases show legal pitfalls of Korean unification

South Korean President Park Geun-Hye's claim that reunification with North Korea could trigger an economic "bonanza" has been greeted with widespread scepticism - though not necessarily within the legal profession. A recent series of landmark rulings in S
Published 04 Apr, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (April 03, 2014).

Published 04 Apr, 2014 12:00am
Undesirable legislation

Undesirable legislation

Just a day before the start of session of National Assembly on March 24, 2014, the government resorted to undesirable legislation - promulgation of Sales Tax (Amendment) Ordinance, 2014 through a Presidential Ordinance. It should have been placed before t
Published 04 Apr, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (April 03, 2014).

Published 04 Apr, 2014 12:00am
It's time to act

It's time to act

The song has ended but the melody lingers on. There are no visible signs of trepidation on the faces in Islamabad and Rawalpindi over the Tehreek-e-Taliban Pakistan's reported decision not to extend the ceasefire. From day one it was not to be, given the
Published 04 Apr, 2014 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 04 Apr, 2014 12:00am
ATMs' torment

ATMs' torment

Modern facilities and automation can at times become a source of torture for the population of a country. Introduced with great fanfare and with a lot of promise, ATMs and credit/debit cards issued by various financial institutions could not be imagined t
Published 04 Apr, 2014 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 04 Apr, 2014 12:00am
Egypt tightens security laws to counter 'terrorism'

Egypt tightens security laws to counter 'terrorism'

Egypt said Thursday it has boosted punishment for "terrorist" offences and expanded the scope of crimes that fall under that category, a day after bombings killed a top police officer. The legal amendments will come in force when interim president Adly Ma
Published 04 Apr, 2014 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (April 03, 2014).

Published 04 Apr, 2014 12:00am
Japan cancels next Antarctic whaling hunt after ICJ ruling

Japan cancels next Antarctic whaling hunt after ICJ ruling

Japan said Thursday it was cancelling its annual Antarctic whaling hunt for the first time in more than a quarter of a century after a UN court ruled that the programme was a commercial activity disguised as science. A "deeply disappointed" Tokyo earlier
Published 04 Apr, 2014 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Thursday (April 03, 2014) and for Friday (April 04, 2014).
Published 04 Apr, 2014 12:00am
CIA interrogation report: senators vote to declassify

CIA interrogation report: senators vote to declassify

The US Senate's intelligence panel voted 11-3 Thursday to declassify hundreds of pages of its detailed report on the CIA's controversial Bush-era interrogation program. The move allows Senator Dianne Feinstein, the powerful chair of the Intelligence Commi
Published 04 Apr, 2014 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (April 03, 2014).

Published 04 Apr, 2014 12:00am
Importance of NFIS explained: SBP, World Bank teams meet

Importance of NFIS explained: SBP, World Bank teams meet

Deputy Governor of the State Bank of Pakistan (SBP) Saeed Ahmad has highlighted the need for financial inclusion for improving access to savings, credit, remittance and insurance services for the hitherto excluded population in the country. He said that f
Published 04 Apr, 2014 12:00am
LSE index rises by 142.09 points

LSE index rises by 142.09 points

Bullish sentiments dominated for the third consecutive day on the Lahore Stock Exchange and the equities registered handsome gains amid significantly improved trading turnover. The LSE-25 index was jumped to 5353.32 against 5211.23 of Wednesday, denoting
Published 04 Apr, 2014 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Thursday (April 03, 2014).

Published 04 Apr, 2014 12:00am
LSE index rises by 142.09 points

LSE index rises by 142.09 points

Bullish sentiments dominated for the third consecutive day on the Lahore Stock Exchange and the equities registered handsome gains amid significantly improved trading turnover. The LSE-25 index was jumped to 5353.32 against 5211.23 of Wednesday, denoting
Published 04 Apr, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (April 03, 2014).

Published 04 Apr, 2014 12:00am
ISE index gains 91.07 points

ISE index gains 91.07 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 91.07 points as the ISE T
Published 04 Apr, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (April 03, 2014).

Published 04 Apr, 2014 12:00am
ISE index gains 91.07 points

ISE index gains 91.07 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 91.07 points as the ISE T
Published 04 Apr, 2014 12:00am
3G licence: Prime Minister hopes foreign bidders will also compete

3G licence: Prime Minister hopes foreign bidders will also compete

Prime Minister Nawaz Sharif on Thursday said the introduction of 3G technology in the country will usher in a new era of development of Information Technology sector. He said the growth in national economy was evident from the economic indicators and the
Published 04 Apr, 2014 12:00am
3G licence: Prime Minister hopes foreign bidders will also compete

3G licence: Prime Minister hopes foreign bidders will also compete

Prime Minister Nawaz Sharif on Thursday said the introduction of 3G technology in the country will usher in a new era of development of Information Technology sector. He said the growth in national economy was evident from the economic indicators and the
Published 04 Apr, 2014 12:00am
THE RUPEE: firm trend

THE RUPEE: firm trend

Steadier trend was seen on the money market on Thursday in the process of trading, dealers said. The rupee managed to hold firmness against the dollar, picking up one-paisa for buying at Rs 98.16 and it rose by two-paisa for selling at Rs 98.18, they said
Published 04 Apr, 2014 12:00am
3G licence: Prime Minister hopes foreign bidders will also compete

3G licence: Prime Minister hopes foreign bidders will also compete

Prime Minister Nawaz Sharif on Thursday said the introduction of 3G technology in the country will usher in a new era of development of Information Technology sector. He said the growth in national economy was evident from the economic indicators and the
Published 04 Apr, 2014 12:00am
THE RUPEE: firm trend

THE RUPEE: firm trend

Steadier trend was seen on the money market on Thursday in the process of trading, dealers said. The rupee managed to hold firmness against the dollar, picking up one-paisa for buying at Rs 98.16 and it rose by two-paisa for selling at Rs 98.18, they said
Published 04 Apr, 2014 12:00am
No Taliban prisoner released: Prime Minister's Office

No Taliban prisoner released: Prime Minister's Office

The Prime Minister's Office on Thursday strongly rebutted as "incorrect" the news of an international news agency about the release of Taliban prisoners. "It is clarified that the release of some prisoners involved in petty crimes by the Political Adminis
Published 04 Apr, 2014 12:00am
No Taliban prisoner released: Prime Minister's Office

No Taliban prisoner released: Prime Minister's Office

The Prime Minister's Office on Thursday strongly rebutted as "incorrect" the news of an international news agency about the release of Taliban prisoners. "It is clarified that the release of some prisoners involved in petty crimes by the Political Adminis
Published 04 Apr, 2014 12:00am
Government frees Taliban prisoners

Government frees Taliban prisoners

The government has freed at least nineteen Taliban prisoners with the approval of Prime Minister Nawaz Sharif, officials said on Thursday, in a move designed to invigorate a shaky peace process with the militant group. The Pakistani Taliban called a one-m
Published 04 Apr, 2014 12:00am
Government frees Taliban prisoners

Government frees Taliban prisoners

The government has freed at least nineteen Taliban prisoners with the approval of Prime Minister Nawaz Sharif, officials said on Thursday, in a move designed to invigorate a shaky peace process with the militant group. The Pakistani Taliban called a one-m
Published 04 Apr, 2014 12:00am
BRIndex30 surges by 352.25 points

BRIndex30 surges by 352.25 points

On Thursday, BRIndex30 opened at 16,760.93 and remained positive throughout the trading session. It touched an intraday high of 17,154.59 and an intraday low of 16,858.93 and closed at 17,113.18, which was 352.25 points or 2.1 percent higher than previous
Published 04 Apr, 2014 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (April 03, 2014).

Published 04 Apr, 2014 12:00am
BRIndex30 surges by 352.25 points

BRIndex30 surges by 352.25 points

On Thursday, BRIndex30 opened at 16,760.93 and remained positive throughout the trading session. It touched an intraday high of 17,154.59 and an intraday low of 16,858.93 and closed at 17,113.18, which was 352.25 points or 2.1 percent higher than previous
Published 04 Apr, 2014 12:00am
Index hits all-time high, again

Index hits all-time high, again

Bench-mark 100-share index of Karachi Stock Exchange (KSE) continues progress in a green zone on the fourth consecutive day, gaining 404.34 points or 1.45 per cent to close at fresh all time high 28,336.36 points. An analyst, Ahsan Mehanti at Arif Habib C
Published 04 Apr, 2014 12:00am
Index hits all-time high, again

Index hits all-time high, again

Bench-mark 100-share index of Karachi Stock Exchange (KSE) continues progress in a green zone on the fourth consecutive day, gaining 404.34 points or 1.45 per cent to close at fresh all time high 28,336.36 points. An analyst, Ahsan Mehanti at Arif Habib C
Published 04 Apr, 2014 12:00am
Index hits all-time high, again

Index hits all-time high, again

Bench-mark 100-share index of Karachi Stock Exchange (KSE) continues progress in a green zone on the fourth consecutive day, gaining 404.34 points or 1.45 per cent to close at fresh all time high 28,336.36 points. An analyst, Ahsan Mehanti at Arif Habib C
Published 04 Apr, 2014 12:00am
Zaheer new PSM CEO

Zaheer new PSM CEO

Prime Minister Nawaz Sharif has appointed Major-General Zaheer Ahmad Khan (Retd) as Chief Executive Officer (CEO) of a financially-strapped Pakistan Steel Mills (PSM). Zaheer Khan will be the third General who has been given the task of reviving an ill-tr
Published 04 Apr, 2014 12:00am
Zaheer new PSM CEO

Zaheer new PSM CEO

Prime Minister Nawaz Sharif has appointed Major-General Zaheer Ahmad Khan (Retd) as Chief Executive Officer (CEO) of a financially-strapped Pakistan Steel Mills (PSM). Zaheer Khan will be the third General who has been given the task of reviving an ill-tr
Published 04 Apr, 2014 12:00am
Presentation

Presentation

Presentation at KSE auditorium (only for members and an authorised employee of the members).

Published 04 Apr, 2014 12:00am
Zaheer new PSM CEO

Zaheer new PSM CEO

Prime Minister Nawaz Sharif has appointed Major-General Zaheer Ahmad Khan (Retd) as Chief Executive Officer (CEO) of a financially-strapped Pakistan Steel Mills (PSM). Zaheer Khan will be the third General who has been given the task of reviving an ill-tr
Published 04 Apr, 2014 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 04 Apr, 2014 12:00am
Supreme Court urged to allow him to visit mother

Supreme Court urged to allow him to visit mother

The Supreme Court was urged to allow former army chief and President Pervez Musharraf to visit his ailing mother in the UAE in the larger interest of justice. Shahjan Khan filed a petition under Article 184(3) of the Constitution of Pakistan, making Feder
Published 04 Apr, 2014 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 04 Apr, 2014 12:00am
Supreme Court urged to allow him to visit mother

Supreme Court urged to allow him to visit mother

The Supreme Court was urged to allow former army chief and President Pervez Musharraf to visit his ailing mother in the UAE in the larger interest of justice. Shahjan Khan filed a petition under Article 184(3) of the Constitution of Pakistan, making Feder
Published 04 Apr, 2014 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 04 Apr, 2014 12:00am
Consultation with CoAS?: government denies reports

Consultation with CoAS?: government denies reports

A spokes-man for the government has categorically denied reports in a section of media that decision by the government to reject the application of General Pervez Musharraf (Retd) for exclusion of his name from ECL was taken after consultation with Chief
Published 04 Apr, 2014 12:00am
Consultation with CoAS?: government denies reports

Consultation with CoAS?: government denies reports

A spokes-man for the government has categorically denied reports in a section of media that decision by the government to reject the application of General Pervez Musharraf (Retd) for exclusion of his name from ECL was taken after consultation with Chief
Published 04 Apr, 2014 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 04 Apr, 2014 12:00am
Bomb explodes on Musharraf's route from AFIC

Bomb explodes on Musharraf's route from AFIC

A bomb exploded early Thursday morning shortly before former army chief and President Pervez Musharraf's convoy was due to pass. The bomb was planted on Musharraf's route from Armed Forces Institute of Cardiology (AFIC) to his farmhouse, police said. Poli
Published 04 Apr, 2014 12:00am
Bomb explodes on Musharraf's route from AFIC

Bomb explodes on Musharraf's route from AFIC

A bomb exploded early Thursday morning shortly before former army chief and President Pervez Musharraf's convoy was due to pass. The bomb was planted on Musharraf's route from Armed Forces Institute of Cardiology (AFIC) to his farmhouse, police said. Poli
Published 04 Apr, 2014 12:00am
Brent gains more than $1 on Ukraine, Libya worries

Brent gains more than $1 on Ukraine, Libya worries

Brent crude gained more than $1 on Thursday, widening its premium to US crude, as doubts persisted that a lasting deal was imminent to reopen vital Libyan oil ports and as tension between Russian and Ukraine intensified. Brent's gain of more than $1 follo
Published 04 Apr, 2014 12:00am
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