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Apr 17, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-05-17
Blatter says summer World Cup in Qatar a 'mistake'

Blatter says summer World Cup in Qatar a 'mistake'

FIFA president Sepp Blatter has said it was a mistake to choose Qatar to host the 2022 World Cup in the summertime, adding that it must be held in the winter instead. When asked if it was a mistake choosing the Middle East country because of its high temp
Published 17 May, 2014 12:00am
KP EPI to launch anti-measles campaign from May 19

KP EPI to launch anti-measles campaign from May 19

Deputy Director KP Expanded Programme of Immunisation (EPI), Dr Janbaz Afridi while addressing the participants of a session on Friday arranged for the officers of Information Department about the anti-measles campaign to be launched across the province f
Published 17 May, 2014 12:00am
No forward bloc in PTI Khyber Pakhtunkhwa, says Yousafzai

No forward bloc in PTI Khyber Pakhtunkhwa, says Yousafzai

Terming the so-called formation of forward bloc within the Pakistan Tehreek-i-Insaf, as a propaganda, former provincial minister and PTI provincial leader Shaukat Ali Yousafzai said that PTI workers are united under leadership of their party-chief Imran K
Published 17 May, 2014 12:00am
Promotion of education in Fata top priority: Mahtab

Promotion of education in Fata top priority: Mahtab

Khyber Pakhtunkhwa Governor Sardar Mahtab Ahmad Khan has said that promotion of education in Federal Administered Tribal Areas is the top most priority of our government and bright future for the country can only be ensured by providing modern education f
Published 17 May, 2014 12:00am
Assault case: LHC seeks report

Assault case: LHC seeks report

The Lahore High Court here on Friday taking notice of an incident of assault on a female student in Sharaqpur directed the District & Sessions Judge, Sheikhupura to look into the matter and submit detailed report within a week. According to details, in Tr
Published 17 May, 2014 12:00am
Speaker of Swedish Parliament due tomorrow

Speaker of Swedish Parliament due tomorrow

The Speaker of the Swedish Parliament (Riksdag) Per Westerberg will arrive here on Sunday (tomorrow) on a three-day official visit to Pakistan. The Swedish Speaker is accompanied by a twenty-member delegation comprising parliamentarians and leading busine
Published 17 May, 2014 12:00am
Lahore police arrests eight suspects

Lahore police arrests eight suspects

Police arrested eight high profile terrorists during a raid here on Friday and recovered suicide jackets, arms and explosives from their possession. City Chief Police Office (CCPO) Lahore, Shafique Ahmed said that on secret information the police conducte
Published 17 May, 2014 12:00am
FBR collects Rs 70 billion FED on cigarettes in 9 months

FBR collects Rs 70 billion FED on cigarettes in 9 months

Federal Board of Revenue (FBR) has managed to collect Rs 70 billion as Federal Excise Duty (FED) on cigarettes as of April 2014, and is well placed to collect Rs 87 billion on this account by the end of the current fiscal, a 14 percent YoY increase in col
Published 17 May, 2014 12:00am
New Hajj policy 2014 challenged in LHC

New Hajj policy 2014 challenged in LHC

Government's new Hajj policy (2014) has been challenged in the Lahore High Court (LHC). An application was filed on Friday in the LHC in which the petitioner raised objections over allotment of quota to private Hajj operators and government's Hajj fares.
Published 17 May, 2014 12:00am
Khyber Pakhtunkhwa chief minister seeks resumption of peace talks

Khyber Pakhtunkhwa chief minister seeks resumption of peace talks

KP Chief Minister Pervez Khattak has said that they are also concerned over the suspension of peace negotiations, saying the process should go forward. He said that the issue will not be resolved without negotiations. He said that they had authorised cent
Published 17 May, 2014 12:00am
ICMAP holds grand national award ceremony

ICMAP holds grand national award ceremony

It was a big day at the Institute of Cost of Management Accountants of Pakistan (ICMAP) where a grand national award ceremony was organised on Wednesday to acknowledge achievements and excellence of both its students and members. The ceremony for this yea
Published 17 May, 2014 12:00am
FIA arrests two persons

FIA arrests two persons

FIA immigration staff on Friday arrested one Ubaidullah on his return from Greece. Ubaidullah proceeded to Greece via illegal land route in 2006 through agent Sarfraz Ahmad against Rs 350,000. It may be noted that Ubaidullah during his stay in Greece obta
Published 17 May, 2014 12:00am
Football World Cup brings new Japan-South Korea rivalry

Football World Cup brings new Japan-South Korea rivalry

Japan and South Korea will need to produce something special to meet at the World Cup, but expect a cut-throat battle for bragging rights in one of international football's fiercest rivalries. The tournament will also be tinged with emotion for both sides
Published 17 May, 2014 12:00am
India's Supreme Court adds teeth to IPL probe panel

India's Supreme Court adds teeth to IPL probe panel

The Supreme Court on Friday ordered a tough new investigation into spot-fixing allegations in the Indian Premier League, giving the probe panel additional powers and police assistance. The top court set up a group of investigators, headed by senior police
Published 17 May, 2014 12:00am
Bayern pair out of German cup final

Bayern pair out of German cup final

Bayern Munich coach Pep Guardiola has confirmed injured midfielder Bastian Schweinsteiger will miss Saturday's German Cup final against Borussia Dortmund in Berlin while striker Mario Mandzukic has been dropped. "Schweinsteiger is injured, he has had a li
Published 17 May, 2014 12:00am
Messi agrees new Barcelona deal

Messi agrees new Barcelona deal

Four-time World Player of the Year Lionel Messi has agreed terms on a new contract with Spanish giants Barcelona, the club confirmed on Friday, likely making him the best paid player in the world. "FC Barcelona has reached an agreement to adjust the terms
Published 17 May, 2014 12:00am
Pakistan to play two Tests, 3 ODIs in Sri Lanka

Pakistan to play two Tests, 3 ODIs in Sri Lanka

Pakistan will play Tests in Galle and Colombo on their tour of Sri Lanka in August, the Pakistan Cricket Board (PCB) said Friday. The teams will also play three one-day internationals during the short tour, originally not included in Future Tours Programm
Published 17 May, 2014 12:00am
Ronaldo to return against Espanyol

Ronaldo to return against Espanyol

Real Madrid boss Carlo Ancelotti confirmed Cristiano Ronaldo will return to action when Espanyol visit the Santiago Bernabeu on Saturday, a week ahead of Real's Champions League final against Atletico Madrid. Ronaldo missed his side's 2-0 defeat to Celta
Published 17 May, 2014 12:00am
New trophy for 143-year-old FA Cup

New trophy for 143-year-old FA Cup

The winning captain in Saturday's FA Cup final between Arsenal and Hull City at Wembley Stadium will be presented with a brand new trophy, the Football Association revealed on Friday. A new version of the famous trophy, awarded to the winners of the world
Published 17 May, 2014 12:00am
Berbatov signs one-year Monaco extension

Berbatov signs one-year Monaco extension

Bulgarian striker Dimitar Berbatov has signed a one-year extension with Monaco that will keep him at the club until the end of next season, the Ligue 1 side announced Friday. The former Manchester United, Tottenham Hotspur and Bayer Leverkusen striker arr
Published 17 May, 2014 12:00am
Disapproved event: PCB body imposes fine on players

Disapproved event: PCB body imposes fine on players

The committee constituted by Pakistan Cricket Board (PCB) to look into the participation of Pakistani players in a Disapproved Cricket Tournament (Friendship Cup T20) in Houston, USA has recommended fine of Rs 500,000 each upon players who participated in
Published 17 May, 2014 12:00am
Juve look for more records, Milan battle for Europe

Juve look for more records, Milan battle for Europe

Champions Juventus take aim at an all-time Serie A points record on Sunday as a four-horse race which could see Milan coach Clarence Seedorf relieved of his duties ensues for the final Europa League place. Crowned champions with two games to spare, Antoni
Published 17 May, 2014 12:00am
PTI holds protest rally against rigging

PTI holds protest rally against rigging

Pakistan Tehrik-e-Insaf supporters and police clashed on Friday in front of the National Data Base and Registration Authority (NADRA) office during a protest demonstration against alleged rigging in the 2013 general election. Participants of the protest r
Published 17 May, 2014 12:00am
YouTube ban?

YouTube ban?

Even those outside of the 'liberal-fascist' viewpoint are now beginning to understand that the months-long ban on YouTube is suspect. The question is, who benefits from the YouTube ban in Pakistan? Actually, there is quite a long list of those benefiting
Published 17 May, 2014 12:00am
Japan's envoy meets Shahbaz

Japan's envoy meets Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif said there are deep-rooted relations between Pakistan and Japan and the rapid progress made by Japan is a role model for the world community. He was talking to Japanese Ambassador in Pakistan Hiroshi Inomata w
Published 17 May, 2014 12:00am
Suspension of controversial SRO: LCCI welcomes government decision

Suspension of controversial SRO: LCCI welcomes government decision

The Lahore Chamber of Commerce and Industry (LCCI) on Friday welcomed the government decision to suspend controversial SRO 351(1)2014. The LCCI office bearers, President Sohail Lashari, Senior Vice President Mian Tariq Misbah and Vice President Kashif Anw
Published 17 May, 2014 12:00am
Silkbank team visits LSE to participate in CBP

Silkbank team visits LSE to participate in CBP

The senior management of Silkbank Limited visited the Lahore Stock Exchange (LSE) on Friday to participate in the Corporate Briefing Programme (CBP), which is an interactive programme initiated by the LSE under the Corporate Communications Department to e
Published 17 May, 2014 12:00am
'Veterinary, Animal Sciences University' planned in Bahawalpur

'Veterinary, Animal Sciences University' planned in Bahawalpur

Punjab Government decided to set up a modern 'Veterinary and Animal Sciences University' over one thousand acres in Bahawalpur and the site has been identified for this purpose. The project will be completed with the co-operation of Seluck University of T
Published 17 May, 2014 12:00am
Scottish team meets Shahbaz

Scottish team meets Shahbaz

A delegation led by Country Director of a Scottish NGO, CEMVO, Colin Lee met Punjab Chief Minister Muhammad Shahbaz Sharif and matters regarding promotion of co-operation in education, health and other social sectors were discussed. Provincial Minister fo
Published 17 May, 2014 12:00am
LCCI holding third Africa Show on June 26

LCCI holding third Africa Show on June 26

The Lahore Chamber of Commerce and Industry is holding 3rd Africa Show on May 26th at its premises. The day-long Africa Show would have a Conference, Exhibition, B-2-B meetings and a working dinner in its fold. The Lahore Chamber of Commerce & Industry fo
Published 17 May, 2014 12:00am
'Punjab hospitals to provide free treatment to orphan children'

'Punjab hospitals to provide free treatment to orphan children'

All government hospitals would provide free treatment facilities to the children housed in the Child Protection and Welfare Bureau while teenage children would be brought in groups to the Children Hospital where pediatricians would check them. Advisor to
Published 17 May, 2014 12:00am
Urban population of world will grow to 5 billion by 2030: UN

Urban population of world will grow to 5 billion by 2030: UN

Surveys and projections indicate that all urban growth over the next 25 years will be in developing countries with Asia leading the race on this front. The UN forecasts that today's urban population of 3.2 billion in the world will rise to nearly 5 billio
Published 17 May, 2014 12:00am
Forex losses lay bare China's lack of hedging expertise

Forex losses lay bare China's lack of hedging expertise

Many major Chinese companies are only now beginning to get to grips with a problem that offshore rivals have been managing since the birth of modern international finance - currency risk. Until this year, Chinese firms lost little sleep over where the yua
Published 17 May, 2014 12:00am
Strike hits life in held Kashmir

Strike hits life in held Kashmir

A general strike against the 'excesses and unjust arrests' by police, affected normal life all across occupied Kashmir Valley. The strike call was given by Hurriyat Conference (G) Chairman Syed Ali Shah Geelani and was supported by a number of other pro-f
Published 17 May, 2014 12:00am
SBP urged to cut key discount rate to 7 percent

SBP urged to cut key discount rate to 7 percent

Industrialists and trader bodies have suggested to State Bank of Pakistan (SBP) to bring down the discount rate to around 6 to 7 percent. They were of the opinion that the SBP should prepare monetary policy keeping in view of the facts that reserves have
Published 17 May, 2014 12:00am
Government asked to make viable economic policies

Government asked to make viable economic policies

All Karachi Tajir Ittehad Chairman Atiq Mir has termed the first year of the PML-N government a 'depressed year' for the country's small businesses, saying that the next fiscal budget should be business-friendly. Talking to Business Recorder here o
Published 17 May, 2014 12:00am
Three cops among seven hurt in Bannu blast

Three cops among seven hurt in Bannu blast

At least seven people were injured on Friday when a bomb exploded near a police vehicle on Railway Road in Bannu district. Three policemen were also among the wounded. Rescue teams immediately reached the site of the incident and shifted the injured to a
Published 17 May, 2014 12:00am
USAID congratulates dairy farmers

USAID congratulates dairy farmers

The US Agency for International Development's (USAID) Entrepreneurs Project on Friday in Karachi held a project close-out ceremony marking the successful completion of Women Empowerment through Livestock Development (WELD) - part of USAID's Dairy Value Ch
Published 17 May, 2014 12:00am
OICCI concerned at appalling decline in tax-to-GDP ratio

OICCI concerned at appalling decline in tax-to-GDP ratio

Overseas Investors Chambers of Commerce and Industry (OICCI) has noted with grave concern that despite several legislative measures to make the laws more robust and enforcement more effective, tax-to-GDP ratio is continuously declining, from 13 percent in
Published 17 May, 2014 12:00am
Former KCCI chief asks government to block prepaid, unregistered SIMs

Former KCCI chief asks government to block prepaid, unregistered SIMs

A former president of Karachi Chamber of Commerce and Industry (KCCI) and a leader of Businessmen Group, Siraj Kassim Teli, demanded of the government to block all prepaid and un-registered SIMs (Subscriber Identification Module without any delay. He also
Published 17 May, 2014 12:00am
Hakim Said memorial lecture held

Hakim Said memorial lecture held

Professor Dr Attaur Rehman former federal minister of science & technology said that today's world is the world of inventions, discoveries and knowledge-based economy and to pace with the world Pakistan has to prepare its manpower according to the need of
Published 17 May, 2014 12:00am
Ufone extends support to Tharparkar victims

Ufone extends support to Tharparkar victims

Pakistan's premier telecom operator, Ufone, pursuing its tradition of being there for Pakistanis in crisis has carried out a relief activity for the famine hit areas of Tharparkar, to help ease the pain of the affected people by the disastrous famine.
Published 17 May, 2014 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (May 16, 2014).

Published 17 May, 2014 12:00am
Release of Pakistanis: LHC seeks report from ministry

Release of Pakistanis: LHC seeks report from ministry

Lahore High Court here on Friday sought by May 20 a report from ministry of interior about the release of ten Pakistani citizens from Bagram Theatre Internment Camp, Afghanistan recently. The petitioner, Justice Project Pakistan (JPP), filed an urgent app
Published 17 May, 2014 12:00am
Nisar lying over NICOP: Altaf

Nisar lying over NICOP: Altaf

Muttahida Qaumi Movement (MQM) Chief Altaf Hussain on Friday said it is his fundamental right, as a Pakistani national, to get a National Identity Card of Pakistan (NICOP) and a passport. In a statement issued from London, Altaf Hussain said he has been w
Published 17 May, 2014 12:00am
Nisar lying over NICOP: Altaf

Nisar lying over NICOP: Altaf

Muttahida Qaumi Movement (MQM) Chief Altaf Hussain on Friday said it is his fundamental right, as a Pakistani national, to get a National Identity Card of Pakistan (NICOP) and a passport. In a statement issued from London, Altaf Hussain said he has been w
Published 17 May, 2014 12:00am
SPI inflation up 9.22 percent YoY

SPI inflation up 9.22 percent YoY

The weekly Sensitive Price Indicator (SPI) inflation surged by 9.22 percent during the week ended on May 15, 2014, reflecting an increase in prices of some essential commodities. The provisional data, released by Pakistan Bureau of Statistics, shows that
Published 17 May, 2014 12:00am
SPI inflation up 9.22 percent YoY

SPI inflation up 9.22 percent YoY

The weekly Sensitive Price Indicator (SPI) inflation surged by 9.22 percent during the week ended on May 15, 2014, reflecting an increase in prices of some essential commodities. The provisional data, released by Pakistan Bureau of Statistics, shows that
Published 17 May, 2014 12:00am
SPI inflation up 9.22 percent YoY

SPI inflation up 9.22 percent YoY

The weekly Sensitive Price Indicator (SPI) inflation surged by 9.22 percent during the week ended on May 15, 2014, reflecting an increase in prices of some essential commodities. The provisional data, released by Pakistan Bureau of Statistics, shows that
Published 17 May, 2014 12:00am
PSMA clarification

PSMA clarification

A spokesman for Pakistan Sugar Mills Association (PSMA) has strongly condemned a statement made by MD Utility Stores Khaqan Murtaza. He said that MD USC does not understand the dynamics of sugar industry. As a matter of fact, sugar industry has been havin
Published 17 May, 2014 12:00am
PSMA clarification

PSMA clarification

A spokesman for Pakistan Sugar Mills Association (PSMA) has strongly condemned a statement made by MD Utility Stores Khaqan Murtaza. He said that MD USC does not understand the dynamics of sugar industry. As a matter of fact, sugar industry has been havin
Published 17 May, 2014 12:00am
PSMA clarification

PSMA clarification

A spokesman for Pakistan Sugar Mills Association (PSMA) has strongly condemned a statement made by MD Utility Stores Khaqan Murtaza. He said that MD USC does not understand the dynamics of sugar industry. As a matter of fact, sugar industry has been havin
Published 17 May, 2014 12:00am
Moderate earthquake hits Balochistan

Moderate earthquake hits Balochistan

A 5.1-magnitude earthquake struck Balochistan on Friday, but officials said there were no immediate reports of damage or casualties. The epicentre was close to the city of Sibi, at a depth of 71 kilometres (44 miles), a meteorological official, Mahwish Ah
Published 17 May, 2014 12:00am
Moderate earthquake hits Balochistan

Moderate earthquake hits Balochistan

A 5.1-magnitude earthquake struck Balochistan on Friday, but officials said there were no immediate reports of damage or casualties. The epicentre was close to the city of Sibi, at a depth of 71 kilometres (44 miles), a meteorological official, Mahwish Ah
Published 17 May, 2014 12:00am
Government to launch 'Awami Insurance Scheme', National Assembly told

Government to launch 'Awami Insurance Scheme', National Assembly told

The government plans to launch "Awami Insurance Scheme" from July 1 this year to cover all Pakistani nationals residing in the age bracket of 25 years to 60 years. In a written reply to a question in the National Assembly on Friday, Minister for Commerce
Published 17 May, 2014 12:00am
Government to launch 'Awami Insurance Scheme', National Assembly told

Government to launch 'Awami Insurance Scheme', National Assembly told

The government plans to launch "Awami Insurance Scheme" from July 1 this year to cover all Pakistani nationals residing in the age bracket of 25 years to 60 years. In a written reply to a question in the National Assembly on Friday, Minister for Commerce
Published 17 May, 2014 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 17 May, 2014 12:00am
Government to launch ''Awami Insurance Scheme'', National Assembly told

Government to launch ''Awami Insurance Scheme'', National Assembly told

The government plans to launch "Awami Insurance Scheme" from July 1 this year to cover all Pakistani nationals residing in the age bracket of 25 years to 60 years. In a written reply to a question in the National Assembly on Friday, Minister for Commerce
Published 17 May, 2014 12:00am
Nato pullout plan: Cement export to Afghanistan falls by 17 percent

Nato pullout plan: Cement export to Afghanistan falls by 17 percent

The country's cement export to Afghanistan posted a big fall of 17 percent during this fiscal year because of the Nato plan of troops' withdrawal and continuing Afghan polls. "Afghanistan is one of the leading importing countries with a share of over 50 p
Published 17 May, 2014 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 17 May, 2014 12:00am
Nato pullout plan: Cement export to Afghanistan falls by 17 percent

Nato pullout plan: Cement export to Afghanistan falls by 17 percent

The country's cement export to Afghanistan posted a big fall of 17 percent during this fiscal year because of the Nato plan of troops' withdrawal and continuing Afghan polls. "Afghanistan is one of the leading importing countries with a share of over 50 p
Published 17 May, 2014 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 17 May, 2014 12:00am
Nato pullout plan: Cement export to Afghanistan falls by 17 percent

Nato pullout plan: Cement export to Afghanistan falls by 17 percent

The country''s cement export to Afghanistan posted a big fall of 17 percent during this fiscal year because of the Nato plan of troops'' withdrawal and continuing Afghan polls. "Afghanistan is one of the leading importing countries with a share of over 50
Published 17 May, 2014 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 17 May, 2014 12:00am
Insider trading: former SAC manager gets 42 months in jail

Insider trading: former SAC manager gets 42 months in jail

A federal judge Friday sentenced Michael Steinberg, a former portfolio manager for SAC Capital, to 42 months in prison following his conviction for insider trading. US Judge Richard Sullivan imposed a sentence longer than the 24 months sought by Steinberg
Published 17 May, 2014 12:00am
Insider trading: former SAC manager gets 42 months in jail

Insider trading: former SAC manager gets 42 months in jail

A federal judge Friday sentenced Michael Steinberg, a former portfolio manager for SAC Capital, to 42 months in prison following his conviction for insider trading. US Judge Richard Sullivan imposed a sentence longer than the 24 months sought by Steinberg
Published 17 May, 2014 12:00am
Insider trading: former SAC manager gets 42 months in jail

Insider trading: former SAC manager gets 42 months in jail

A federal judge Friday sentenced Michael Steinberg, a former portfolio manager for SAC Capital, to 42 months in prison following his conviction for insider trading. US Judge Richard Sullivan imposed a sentence longer than the 24 months sought by Steinberg
Published 17 May, 2014 12:00am
Insider trading: former SAC manager gets 42 months in jail

Insider trading: former SAC manager gets 42 months in jail

A federal judge Friday sentenced Michael Steinberg, a former portfolio manager for SAC Capital, to 42 months in prison following his conviction for insider trading. US Judge Richard Sullivan imposed a sentence longer than the 24 months sought by Steinberg
Published 17 May, 2014 12:00am
US MIDDAY: coffee drops

US MIDDAY: coffee drops

Arabica coffee futures slid 4 percent in thin dealings on Friday as dealers locked in gains after the prior session's surge driven by a downward revision of production estimates by Brazil's crop supply agency. Raw sugar futures on ICE Futures US eased as
Published 17 May, 2014 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (May 16, 2014).

Published 17 May, 2014 12:00am
US MIDDAY: wheat extends losing streak

US MIDDAY: wheat extends losing streak

US wheat futures fell for the eighth straight session on Friday, on track for their longest losing streak since June, due to poor demand for US offerings on the export market despite the streak of declines. "There is not a lot of business being done," sai
Published 17 May, 2014 12:00am
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