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Print - 2014-04-15
Acquisition of land: LHC disposes of petition filed by citizen

Acquisition of land: LHC disposes of petition filed by citizen

The Lahore High Court here on Monday disposed of a petition filed by a citizen against acquisition of his land for Metro Bus System (MBS) track without payment of compensation while Commissioner Lahore told the court that the petitioner had already sold i
Published 15 Apr, 2014 12:00am
64 college teachers awaiting promotion for last one year

64 college teachers awaiting promotion for last one year

Promotion of 64 associate professors (from BPS-19 to 20), belonging to various colleges of Sindh, was continuously being delayed for the last one year owing to frequent postponement of Education and Literacy department's Board-I meetings.
Published 15 Apr, 2014 12:00am
Silk Bank Limited

Silk Bank Limited

Silk Bank was formerly known as Saudi Pak Commercial bank. The bank came into existence as the management and associates of the Saudi Pak Industrial and Agricultural Investment Company (Pvt) Ltd (SAPICO) acquired the institution then known as the Prudenti
Published 15 Apr, 2014 12:00am
Silk Bank Limited

Silk Bank Limited

Silk Bank was formerly known as Saudi Pak Commercial bank. The bank came into existence as the management and associates of the Saudi Pak Industrial and Agricultural Investment Company (Pvt) Ltd (SAPICO) acquired the institution then known as the Prudenti
Published 15 Apr, 2014 12:00am
Sucden plans coffee expansion with new acquisition

Sucden plans coffee expansion with new acquisition

Sugar and cocoa trade house Sucres et Denrees (Sucden) plans to expand Coffee America's operations into the European market, Derek Chambers, head of cocoa at Sucden said on Tuesday. Sucden completed a deal to buy arabica coffee trader Coffee America, incl
Published 15 Apr, 2014 12:00am
Shanghai copper rises

Shanghai copper rises

The most-traded July copper contract on the Shanghai Futures Exchange rose 0.60 percent to 46,760 yuan a tonne on Monday, but was off an intraday high of 47,030 yuan. Numbers on China's gross domestic product are due on Wednesday, with a weak reading like
Published 15 Apr, 2014 12:00am
Nickel hits 14-month peak on export ban

Nickel hits 14-month peak on export ban

Nickel hit its highest in nearly 14 months on Monday on Indonesia's ore export ban, now in its third month, and on the prospect of tougher sanctions on Russia over its actions towards Ukraine. The Indonesian government banned exports of nickel ore in mid-
Published 15 Apr, 2014 12:00am
Rubber rebounds

Rubber rebounds

Benchmark Tokyo rubber futures rebounded on Monday as investors looked for bargains after seeing a fourth straight week of losses last week, but trade was thin as all eyes were on China's GDP, due Wednesday, for clues on the outlook for the top buyer. The
Published 15 Apr, 2014 12:00am
Palm oil rises to more than one-week high

Palm oil rises to more than one-week high

Malaysian palm oil futures rose to their highest in more than a week on Monday, lifted by strong crude and soya oil markets overseas, and on investor anticipation that festival-driven consumption will stoke demand for the tropical oil. Market players are
Published 15 Apr, 2014 12:00am
Arabica coffee nears two-year peak as commercials pay up

Arabica coffee nears two-year peak as commercials pay up

Arabica coffee futures on ICE turned higher in heavy volume on Monday, nearing a two-year high after roaster buying came in at the session lows and as data that showed commercial dealers had bought into last week's rally surprised traders. White sugar fut
Published 15 Apr, 2014 12:00am
Palladium gains in Asia

Palladium gains in Asia

Palladium gained for a fifth straight session on Monday to its highest since August 2011 on growing fears that supply would be hurt by more US sanctions on top producer Russia and prolonged labour strikes in No 2 producer South Africa. Gold jumped to a th
Published 15 Apr, 2014 12:00am
Gold jumps in Europe

Gold jumps in Europe

Gold jumped to a three-week high on Monday as mounting tensions in Ukraine curbed investor appetite for risk, boosting bullion's appeal as an insurance asset, while palladium prices rallied to a 2-1/2 year peak. The autocatalyst metal hit its highest sinc
Published 15 Apr, 2014 12:00am
US MIDDAY: wheat jumps

US MIDDAY: wheat jumps

US wheat futures surged more than 3 percent on Monday as traders responded to fresh tensions in the Black Sea region, coupled with the threat of freeze damage to crops in the US Plains. Corn and soyabeans followed wheat higher, with corn buoyed by strong
Published 15 Apr, 2014 12:00am
US MIDDAY: gold surges

US MIDDAY: gold surges

Gold rose to a three-week high early on Monday as renewed concerns over the escalation of hostilities in Ukraine prompted investors to add positions in bullion as a hedge, while supply fears lifted palladium prices to a fresh 2-1/2 year peak.
Published 15 Apr, 2014 12:00am
TUF holds first 'Physiocon 2014' conference

TUF holds first 'Physiocon 2014' conference

School of Rehabilitation Sciences, The University of Faisalabad (TUF) organised Pakistan first conference "Physiocon 2014" on Research output in Physical Therapy at Saleem Campus.
Published 15 Apr, 2014 12:00am
Ukraine crisis unlikely to affect TAPI gas pipeline project

Ukraine crisis unlikely to affect TAPI gas pipeline project

The ongoing Ukrainian crisis is unlikely to affect the proposed Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project. "Russia is unlikely to intervene in the TAPI gas pipeline project due to many reasons including involvement of India in th
Published 15 Apr, 2014 12:00am
Action proposed against unregistered retailers

Action proposed against unregistered retailers

The Task Force of the Federal Board of Revenue (FBR) deputed to document retailers has linked expansion of the tax net with the strict enforcement of tax laws, bringing lowest level of supply chain ie retailers into the formal regime. It is learnt on Mond
Published 15 Apr, 2014 12:00am
The Weather

The Weather

The weather report on Monday (April 14, 2014) and the forecast for Tuesday (April 15, 2014).

Published 15 Apr, 2014 12:00am
Operational purposes: Nisar for treating twin cities as single entity

Operational purposes: Nisar for treating twin cities as single entity

Federal Minister for Interior and Narcotics Control Chaudhry Nisar Ali Khan has asked Islamabad and Rawalpindi police to treat the twin cities as a single entity for operational purposes and improve their co-ordination to provide better security to the re
Published 15 Apr, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (April 14, 2014).

Published 15 Apr, 2014 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 15 Apr, 2014 12:00am
Afghan Taliban distribute pamphlets in Waziristan

Afghan Taliban distribute pamphlets in Waziristan

In an unprecedented move, the Afghan Taliban distributed pamphlets, pronouncing rifts among the Pakistani Taliban, media reported Monday. According to the pamphlet, Pakistani Taliban have some rifts within their ranks. The Afghan Taliban directed their Pa
Published 15 Apr, 2014 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 15 Apr, 2014 12:00am
Ferrari shake-up as F1 boss Domenicali quits

Ferrari shake-up as F1 boss Domenicali quits

Ferrari's Formula One boss Stefano Domenicali quit on Monday over the legendary Italian team's disastrous start to the 2014 season. "It is time for a significant change," Domenicali, 48, said in a Ferrari statement announcing his resignation. The man who
Published 15 Apr, 2014 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (April 14, 2014).

Published 15 Apr, 2014 12:00am
Watson outduels Spieth for second Masters title

Watson outduels Spieth for second Masters title

Big-driving Bubba Watson captured his second Masters title in three years on Sunday, pulling away from Jordan Spieth on the back nine for a three-stroke victory at Augusta National. The 35-year-old American fired a three-under par 69 Sunday to finish 72 h
Published 15 Apr, 2014 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Monday (April 14, 2014) and for Tuesday (April 15, 2014).
Published 15 Apr, 2014 12:00am
No drastic overhaul needed at Barca, says Puyol

No drastic overhaul needed at Barca, says Puyol

The current Barcelona squad have a great deal left to give and there is no need for a sweeping overhaul in the close season, captain Carles Puyol said on Monday. Barca coach Gerardo Martino and his players have come in for some sharp criticism following l
Published 15 Apr, 2014 12:00am
Rain interrupts Malaysian Open first round

Rain interrupts Malaysian Open first round

Montenegro's Danka Kovinic beat Belgium's An-Sophie Mestach in two sets Monday before heavy rain caused the rest of the first round of the BMW Malaysian Open to be called off. All other first-round matches scheduled for Monday will be played Tuesday, incl
Published 15 Apr, 2014 12:00am
Verdasco wins all-Spanish Houston final

Verdasco wins all-Spanish Houston final

Fourth seed Fernando Verdasco defeated Nicolas Almagro in an all-Spanish showdown to snap a six-match losing streak in finals and claim the US men's clay court championship title Sunday. Former world number seven Verdasco earned his first title since 2010
Published 15 Apr, 2014 12:00am
Fognini dices with defeat but survives in Monte Carlo

Fognini dices with defeat but survives in Monte Carlo

Italy's Davis Cup hero Fabio Fognini rediscovered his game just in time to produce a 5-7, 7-5, 6-4 comeback over Joao Sousa to progress to the Monte Carlo Masters second round on Monday. The tenth seed who helped his nation into the Davis semi-finals over
Published 15 Apr, 2014 12:00am
PSG's wretched week ends in defeat at Lyon

PSG's wretched week ends in defeat at Lyon

Paris Saint Germain ended a wretched week which saw them turfed out of the Champions League by Chelsea with a rare Ligue 1 loss, Laurent Blanc's side falling 1-0 at Lyon's Stade de Gerland on Sunday. PSG, sorely missing injured star striker Zlatan Ibrahim
Published 15 Apr, 2014 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (April 14, 2014).

Published 15 Apr, 2014 12:00am
Former players charged in Austrian match-fixing scandal

Former players charged in Austrian match-fixing scandal

Former footballers Dominque Taboga, Sanel Kuljic and "several other people" have been charged in connection with the Austrian match-fixing scandal which came to light last year, state prosecutors said on Monday. The prosecutors in Graz said in a statement
Published 15 Apr, 2014 12:00am
Has Altaf applied for NICOP?

Has Altaf applied for NICOP?

The National Database and Registration Authority (NADRA) has so far not received any request from chief of MQM Altaf Hussain for the issuance of National Identity Card for Overseas Pakistanis (NICOP), though this does not imply that he has not approached
Published 15 Apr, 2014 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 (April 14, 2014).

Published 15 Apr, 2014 12:00am
Has Altaf applied for NICOP?

Has Altaf applied for NICOP?

The National Database and Registration Authority (NADRA) has so far not received any request from chief of MQM Altaf Hussain for the issuance of National Identity Card for Overseas Pakistanis (NICOP), though this does not imply that he has not approached
Published 15 Apr, 2014 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (April 14, 2014).

Published 15 Apr, 2014 12:00am
China emerges as diplomatic player in Afghanistan

China emerges as diplomatic player in Afghanistan

China is quietly preparing for a more robust role in the future of Afghanistan, concerned that the withdrawal of Nato troops will leave a hotbed of militancy on its doorstep. The two countries are connected by a narrow mountainous corridor that is almost
Published 15 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 Monday (April 14, 2014).

Published 15 Apr, 2014 12:00am
China emerges as diplomatic player in Afghanistan

China emerges as diplomatic player in Afghanistan

China is quietly preparing for a more robust role in the future of Afghanistan, concerned that the withdrawal of Nato troops will leave a hotbed of militancy on its doorstep. The two countries are connected by a narrow mountainous corridor that is almost
Published 15 Apr, 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 04th APRIL, 2014.

Published 15 Apr, 2014 12:00am
Q4 revenue target: strategy to be finalised today

Q4 revenue target: strategy to be finalised today

The Federal Board of Revenue has called Chief Commissioners conference, here on Tuesday (April 15) to review the performance of the Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) in the presence of Finance Minister Ishaq Dar. The conference w
Published 15 Apr, 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 04th APRIL, 2014.

Published 15 Apr, 2014 12:00am
Q4 revenue target: strategy to be finalised today

Q4 revenue target: strategy to be finalised today

The Federal Board of Revenue has called Chief Commissioners conference, here on Tuesday (April 15) to review the performance of the Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) in the presence of Finance Minister Ishaq Dar. The conference w
Published 15 Apr, 2014 12:00am
Q4 revenue target: strategy to be finalised today

Q4 revenue target: strategy to be finalised today

The Federal Board of Revenue has called Chief Commissioners conference, here on Tuesday (April 15) to review the performance of the Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) in the presence of Finance Minister Ishaq Dar. The conference w
Published 15 Apr, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (April 14, 2014).

Published 15 Apr, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (April 14, 2014).

Published 15 Apr, 2014 12:00am
THE RUPEE: may hit at 95

THE RUPEE: may hit at 95

The rupee managed to gain further ground and may hit high at 95 versus the dollar on the money market on Monday, dealers said. The rupee rose by 37 paisa in terms of dollar for buying at Rs 96.18 and it also picked up 40 paisa for selling at Rs 96.20, dea
Published 15 Apr, 2014 12:00am
NAB barred from arresting former chairman PSM

NAB barred from arresting former chairman PSM

Sindh High Court (SHC) on Monday restrained National Accountability Bureau (NAB) from arresting former Pakistan Steel Mills (PSM) chairman Moeen Aftab Shaikh in references relating to corruption in PSM. A division bench of SHC headed by Justice Ahmed Ali
Published 15 Apr, 2014 12:00am
THE RUPEE: may hit at 95

THE RUPEE: may hit at 95

The rupee managed to gain further ground and may hit high at 95 versus the dollar on the money market on Monday, dealers said. The rupee rose by 37 paisa in terms of dollar for buying at Rs 96.18 and it also picked up 40 paisa for selling at Rs 96.20, dea
Published 15 Apr, 2014 12:00am
NAB barred from arresting former chairman PSM

NAB barred from arresting former chairman PSM

Sindh High Court (SHC) on Monday restrained National Accountability Bureau (NAB) from arresting former Pakistan Steel Mills (PSM) chairman Moeen Aftab Shaikh in references relating to corruption in PSM. A division bench of SHC headed by Justice Ahmed Ali
Published 15 Apr, 2014 12:00am
NAB barred from arresting former chairman PSM

NAB barred from arresting former chairman PSM

Sindh High Court (SHC) on Monday restrained National Accountability Bureau (NAB) from arresting former Pakistan Steel Mills (PSM) chairman Moeen Aftab Shaikh in references relating to corruption in PSM. A division bench of SHC headed by Justice Ahmed Ali
Published 15 Apr, 2014 12:00am
JJVL LPG quota: larger Supreme Court bench seeks details

JJVL LPG quota: larger Supreme Court bench seeks details

The Supreme Court Monday sought by April 23 the details of Jamshoro Joint Venture Ltd (JJVL) pertaining to changes in the bidding documents of JJVL LPG quota and its final implementation agreement. A larger bench of Justice Nasirul Mulk with Justice Jawwa
Published 15 Apr, 2014 12:00am
JJVL LPG quota: larger Supreme Court bench seeks details

JJVL LPG quota: larger Supreme Court bench seeks details

The Supreme Court Monday sought by April 23 the details of Jamshoro Joint Venture Ltd (JJVL) pertaining to changes in the bidding documents of JJVL LPG quota and its final implementation agreement. A larger bench of Justice Nasirul Mulk with Justice Jawwa
Published 15 Apr, 2014 12:00am
JJVL LPG quota: larger Supreme Court bench seeks details

JJVL LPG quota: larger Supreme Court bench seeks details

The Supreme Court Monday sought by April 23 the details of Jamshoro Joint Venture Ltd (JJVL) pertaining to changes in the bidding documents of JJVL LPG quota and its final implementation agreement. A larger bench of Justice Nasirul Mulk with Justice Jawwa
Published 15 Apr, 2014 12:00am
Treason trial: former servicemen to respect court's verdict

Treason trial: former servicemen to respect court's verdict

The Pakistan Ex-Servicemen Association (PESA) said on Monday that it would respect and accept court's judgement in the case of former military ruler General Pervez Musharraf (Retd). In a statement, PESA President Lieutenant General Ali Kuli Khan (Retd), S
Published 15 Apr, 2014 12:00am
Treason trial: former servicemen to respect court's verdict

Treason trial: former servicemen to respect court's verdict

The Pakistan Ex-Servicemen Association (PESA) said on Monday that it would respect and accept court's judgement in the case of former military ruler General Pervez Musharraf (Retd). In a statement, PESA President Lieutenant General Ali Kuli Khan (Retd), S
Published 15 Apr, 2014 12:00am
Iran hands over 14 deportees to Levies

Iran hands over 14 deportees to Levies

Iranian security forces handed over 14 Pakistani nationals to Levies force on Pak-Iran border in Taftan area of the district. Levies force said on Monday that these Pakistani nationals were apprehended in Iran because they were living there without valid
Published 15 Apr, 2014 12:00am
Afghan border forces kill two Pakistanis

Afghan border forces kill two Pakistanis

Afghan security forces on Monday morning killed two Pakistani nationals who had mistakenly entered into Afghanistan near Badini area. According to Levies sources, two shepherds had mistakenly slipped into Afghanistan from Badini. The Afghan security force
Published 15 Apr, 2014 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 15 Apr, 2014 12:00am
HEC chairman: government asked to fill vacant post within 15 days

HEC chairman: government asked to fill vacant post within 15 days

The Islamabad High Court (IHC) on Monday directed the Federal Government to fill the slot of Chairman Higher Education Commission (HEC) within 15 days. A single-member bench comprising Justice Shoukat Aziz Siddiqui resumed the hearing of a plea filed by K
Published 15 Apr, 2014 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 15 Apr, 2014 12:00am
HEC chairman: government asked to fill vacant post within 15 days

HEC chairman: government asked to fill vacant post within 15 days

The Islamabad High Court (IHC) on Monday directed the Federal Government to fill the slot of Chairman Higher Education Commission (HEC) within 15 days. A single-member bench comprising Justice Shoukat Aziz Siddiqui resumed the hearing of a plea filed by K
Published 15 Apr, 2014 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 15 Apr, 2014 12:00am
Al-Aqsa mosque compound: Israel limits Muslim access

Al-Aqsa mosque compound: Israel limits Muslim access

Israeli police on Monday limited Muslim access to Jerusalem's flashpoint Al-Aqsa mosque compound, fearing new violence after clashes at the weekend, a spokesman said. As part of the security measures, male residents of Jerusalem would face age restriction
Published 15 Apr, 2014 12:00am
LSE index up by 9.53 points

LSE index up by 9.53 points

Equities registered gains on the Lahore Stock Exchange (LSE) amid ascending transaction volume on Monday. The LSE-25 index gained 09.53 points to close at 5400.12 against 5390.59 of Friday, while transaction volume improved to 02.213 million shares, as co
Published 15 Apr, 2014 12:00am
LSE index up by 9.53 points

LSE index up by 9.53 points

Equities registered gains on the Lahore Stock Exchange (LSE) amid ascending transaction volume on Monday. The LSE-25 index gained 09.53 points to close at 5400.12 against 5390.59 of Friday, while transaction volume improved to 02.213 million shares, as co
Published 15 Apr, 2014 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 15 Apr, 2014 12:00am
ISE index loses 15.44 points

ISE index loses 15.44 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 15.44 points as the ISE Ten Index moved from 4,730.16 to 4,714.72 points. The ove
Published 15 Apr, 2014 12:00am