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Print - 2014-05-24
Overcharging: OGRA decides to punish CNG stations

Overcharging: OGRA decides to punish CNG stations

The Oil and Gas Regulatory Authority on Friday decided to take strict punitive action against over 50 CNG stations that were found involved in charging price more than the notified rates. OGRA dispatched teams to inspect CNG stations throughout Khyber Pak
Published 24 May, 2014 12:00am
US places sanctions on senior Tehran official

US places sanctions on senior Tehran official

The United States placed sanctions on Tehran province's public security chief Morteza Tamaddon Friday, saying he was involved in censorship and intimidation of protesters and opposition leaders. As Tehran province governor-general during the 2009 election
Published 24 May, 2014 12:00am
US places sanctions on senior Tehran official

US places sanctions on senior Tehran official

The United States placed sanctions on Tehran province's public security chief Morteza Tamaddon Friday, saying he was involved in censorship and intimidation of protesters and opposition leaders. As Tehran province governor-general during the 2009 election
Published 24 May, 2014 12:00am
Thai junta summons ousted leaders, protests erupt

Thai junta summons ousted leaders, protests erupt

Thailand's new military junta summoned ousted government leaders on Friday after it seized power, as opponents of the coup engaged in a tense confrontation with soldiers enforcing martial law on the streets of Bangkok. The kingdom's tough-talking army chi
Published 24 May, 2014 12:00am
Thai junta summons ousted leaders, protests erupt

Thai junta summons ousted leaders, protests erupt

Thailand's new military junta summoned ousted government leaders on Friday after it seized power, as opponents of the coup engaged in a tense confrontation with soldiers enforcing martial law on the streets of Bangkok. The kingdom's tough-talking army chi
Published 24 May, 2014 12:00am
ISE index gains 18.61 points

ISE index gains 18.61 points

Bulls dominated the proceedings at the Islamabad Stock Exchange (ISE) on Friday, 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 18.61 points as the ISE Ten
Published 24 May, 2014 12:00am
ISE index gains 18.61 points

ISE index gains 18.61 points

Bulls dominated the proceedings at the Islamabad Stock Exchange (ISE) on Friday, 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 18.61 points as the ISE Ten
Published 24 May, 2014 12:00am
LSE index improves by 43.05 points

LSE index improves by 43.05 points

Mixed sentiments prevailed on the Lahore Stock Exchange on Friday where equities moved both ways and finally settled in negative zone amid improved trading turnover. However, the LSE-25 index was improved by 43.05 points to end at 5462.32 against 5419.27
Published 24 May, 2014 12:00am
LSE index improves by 43.05 points

LSE index improves by 43.05 points

Mixed sentiments prevailed on the Lahore Stock Exchange on Friday where equities moved both ways and finally settled in negative zone amid improved trading turnover. However, the LSE-25 index was improved by 43.05 points to end at 5462.32 against 5419.27
Published 24 May, 2014 12:00am
BRIndex30 up by 25.49 points

BRIndex30 up by 25.49 points

On Friday, BRIndex30 opened at 16,725.66. It touched an intraday high of 16,806.20 and an intraday low of 16,663.96 and closed at 16,751.15, which was 25.49 points or 0.15 percent higher than previous close. Total volume was 79,150,500, which was 60.68 pe
Published 24 May, 2014 12:00am
BRIndex30 up by 25.49 points

BRIndex30 up by 25.49 points

On Friday, BRIndex30 opened at 16,725.66. It touched an intraday high of 16,806.20 and an intraday low of 16,663.96 and closed at 16,751.15, which was 25.49 points or 0.15 percent higher than previous close. Total volume was 79,150,500, which was 60.68 pe
Published 24 May, 2014 12:00am
Stocks inch up

Stocks inch up

Karachi Stock Exchange on Friday closed modestly higher as select scrips attracted institutional support across-the-board. The benchmark 100-index managed to gain 14.45 points to close at 28,756 points against 28,741.55 points Thursday. Samar Iqbal AVP at
Published 24 May, 2014 12:00am
Stocks inch up

Stocks inch up

Karachi Stock Exchange on Friday closed modestly higher as select scrips attracted institutional support across-the-board. The benchmark 100-index managed to gain 14.45 points to close at 28,756 points against 28,741.55 points Thursday. Samar Iqbal AVP at
Published 24 May, 2014 12:00am
Stocks inch up

Stocks inch up

Karachi Stock Exchange on Friday closed modestly higher as select scrips attracted institutional support across-the-board. The benchmark 100-index managed to gain 14.45 points to close at 28,756 points against 28,741.55 points Thursday. Samar Iqbal AVP at
Published 24 May, 2014 12:00am
Troops pound Taliban hideouts for third day

Troops pound Taliban hideouts for third day

Four suspected militants were killed Friday as Pakistan's armed forces hit Taliban targets in a third day of action in a restive tribal area close to the Afghan border. The military used mortars and helicopter gunships to pound suspected Taliban hideouts
Published 24 May, 2014 12:00am
Troops pound Taliban hideouts for third day

Troops pound Taliban hideouts for third day

Four suspected militants were killed Friday as Pakistan's armed forces hit Taliban targets in a third day of action in a restive tribal area close to the Afghan border. The military used mortars and helicopter gunships to pound suspected Taliban hideouts
Published 24 May, 2014 12:00am
Indian consulate in Herat attacked

Indian consulate in Herat attacked

Four insurgent gunmen launched a pre-dawn attack on India's consulate in the western Afghan city of Herat on Friday before being repelled by security forces, in an assault highlighting instability as Nato troops withdraw. There were no casualties among In
Published 24 May, 2014 12:00am
Indian consulate in Herat attacked

Indian consulate in Herat attacked

Four insurgent gunmen launched a pre-dawn attack on India's consulate in the western Afghan city of Herat on Friday before being repelled by security forces, in an assault highlighting instability as Nato troops withdraw. There were no casualties among In
Published 24 May, 2014 12:00am
Budget 2014-15: rate of ST on five sectors likely to go up

Budget 2014-15: rate of ST on five sectors likely to go up

The Federal Board of Revenue may increase rate of sales tax on five export-oriented sectors - textile, leather, carpets, surgical and sports goods in budget (2014-15). Sources told Business Recorder here on Friday that the sales tax rate of industr
Published 24 May, 2014 12:00am
Budget 2014-15: rate of ST on five sectors likely to go up

Budget 2014-15: rate of ST on five sectors likely to go up

The Federal Board of Revenue may increase rate of sales tax on five export-oriented sectors - textile, leather, carpets, surgical and sports goods in budget (2014-15). Sources told Business Recorder here on Friday that the sales tax rate of industr
Published 24 May, 2014 12:00am
Budget 2014-15: rate of ST on five sectors likely to go up

Budget 2014-15: rate of ST on five sectors likely to go up

The Federal Board of Revenue may increase rate of sales tax on five export-oriented sectors - textile, leather, carpets, surgical and sports goods in budget (2014-15). Sources told Business Recorder here on Friday that the sales tax rate of industr
Published 24 May, 2014 12:00am
APCC to meet on May 26

APCC to meet on May 26

A meeting of Annual Plan Co-ordination Committee (APCC) on Friday was delayed till May 26 after Prime Minister Nawaz Sharif expressed dissatisfaction over the proposed allocation and priorities for different projects finalised by finance and planning, dev
Published 24 May, 2014 12:00am
APCC to meet on May 26

APCC to meet on May 26

A meeting of Annual Plan Co-ordination Committee (APCC) on Friday was delayed till May 26 after Prime Minister Nawaz Sharif expressed dissatisfaction over the proposed allocation and priorities for different projects finalised by finance and planning, dev
Published 24 May, 2014 12:00am
APCC to meet on May 26

APCC to meet on May 26

A meeting of Annual Plan Co-ordination Committee (APCC) on Friday was delayed till May 26 after Prime Minister Nawaz Sharif expressed dissatisfaction over the proposed allocation and priorities for different projects finalised by finance and planning, dev
Published 24 May, 2014 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (May 23, 2014).

Published 24 May, 2014 12:00am
Prime Minister briefed on PSDP priorities

Prime Minister briefed on PSDP priorities

"We have embarked upon the road to progress and the country will usher in an era of prosperity," said a press release issued by the Prime Minister''s Secretariat. It said the development projects will not only create millions of job opportunities in the c
Published 24 May, 2014 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (May 23, 2014).
Published 24 May, 2014 12:00am
Prime Minister briefed on PSDP priorities

Prime Minister briefed on PSDP priorities

"We have embarked upon the road to progress and the country will usher in an era of prosperity," said a press release issued by the Prime Minister's Secretariat. It said the development projects will not only create millions of job opportunities in the co
Published 24 May, 2014 12:00am
Prime Minister briefed on PSDP priorities

Prime Minister briefed on PSDP priorities

"We have embarked upon the road to progress and the country will usher in an era of prosperity," said a press release issued by the Prime Minister's Secretariat. It said the development projects will not only create millions of job opportunities in the co
Published 24 May, 2014 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Friday (May 23, 2014).

Published 24 May, 2014 12:00am
Consultations continue on Modi's invite to Nawaz

Consultations continue on Modi's invite to Nawaz

The government is making hectic diplomatic efforts towards taking important quarters onboard before agreeing to attend the swearing-in of Indian primier-elect Narendra Modi. Diplomatic sources privy to the development told Business Recorder that th
Published 24 May, 2014 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (May 23, 2014).

Published 24 May, 2014 12:00am
Consultations continue on Modi's invite to Nawaz

Consultations continue on Modi's invite to Nawaz

The government is making hectic diplomatic efforts towards taking important quarters onboard before agreeing to attend the swearing-in of Indian primier-elect Narendra Modi. Diplomatic sources privy to the development told Business Recorder that th
Published 24 May, 2014 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Friday (May 23, 2014).

Published 24 May, 2014 12:00am
Repatriation of profit, dividend may cross $1 billion mark

Repatriation of profit, dividend may cross $1 billion mark

Repatriation of profit and dividend by foreign investors may cross $1 billion mark by the end of this fiscal year, supported by improved economic activities. Sources in banking industry told Business Recorder Friday that repatriation of profit and
Published 24 May, 2014 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (May 23, 2014).

Published 24 May, 2014 12:00am
Repatriation of profit, dividend may cross $1 billion mark

Repatriation of profit, dividend may cross $1 billion mark

Repatriation of profit and dividend by foreign investors may cross $1 billion mark by the end of this fiscal year, supported by improved economic activities. Sources in banking industry told Business Recorder Friday that repatriation of profit and
Published 24 May, 2014 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 24 May, 2014 12:00am
Repatriation of profit, dividend may cross $1 billion mark

Repatriation of profit, dividend may cross $1 billion mark

Repatriation of profit and dividend by foreign investors may cross $1 billion mark by the end of this fiscal year, supported by improved economic activities. Sources in banking industry told Business Recorder Friday that repatriation of profit and
Published 24 May, 2014 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 24 May, 2014 12:00am
S&P ends at record high

S&P ends at record high

The S&P 500 closed at a record on Friday, boosted by a better-than-expected reading on the housing market, which gave a lift to homebuilding stocks. Hewlett-Packard''s stock, which was the S&P 500''s best performer, rallied a day after the personal comput
Published 24 May, 2014 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 24 May, 2014 12:00am
S&P ends at record high

S&P ends at record high

The S&P 500 closed at a record on Friday, boosted by a better-than-expected reading on the housing market, which gave a lift to homebuilding stocks. Hewlett-Packard's stock, which was the S&P 500's best performer, rallied a day after the personal computer
Published 24 May, 2014 12:00am
S&P ends at record high

S&P ends at record high

The S&P 500 closed at a record on Friday, boosted by a better-than-expected reading on the housing market, which gave a lift to homebuilding stocks. Hewlett-Packard's stock, which was the S&P 500's best performer, rallied a day after the personal computer
Published 24 May, 2014 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 24 May, 2014 12:00am
NAB asked to explain status of NRO cases

NAB asked to explain status of NRO cases

A parliamentary panel sought a detailed report from National Accountability Bureau (NAB) Friday about cases that were closed as a result of National Reconciliation Ordinance (NRO) and later reopened on the directives of the Supreme Court. A sub-committee
Published 24 May, 2014 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 24 May, 2014 12:00am
NAB asked to explain status of NRO cases

NAB asked to explain status of NRO cases

A parliamentary panel sought a detailed report from National Accountability Bureau (NAB) Friday about cases that were closed as a result of National Reconciliation Ordinance (NRO) and later reopened on the directives of the Supreme Court. A sub-committee
Published 24 May, 2014 12:00am
NAB asked to explain status of NRO cases

NAB asked to explain status of NRO cases

A parliamentary panel sought a detailed report from National Accountability Bureau (NAB) Friday about cases that were closed as a result of National Reconciliation Ordinance (NRO) and later reopened on the directives of the Supreme Court. A sub-committee
Published 24 May, 2014 12:00am
Want to marry Prince Harry?

Want to marry Prince Harry?

An English country manor, a gaggle of giggling bachelorettes, a slew of butlers and one very mysterious ginger-haired Prince Charming are at the center of Fox's new dating show, where the bachelor is not quite what he seems. Meet Matt Hicks, the 24-year-o
Published 24 May, 2014 12:00am
Bridge Notes: The best compliment by itself

Bridge Notes: The best compliment by itself

Dummy play can be easy if one's card reading ability can place the key cards with more aplomb for the simple reason that not all of us work hard enough to gather the necessary inferences visible to make what is called in Bridge an "Educated Guess" which i
Published 24 May, 2014 12:00am
Hollywood revives Godzilla, Japan's 'king of monsters'

Hollywood revives Godzilla, Japan's 'king of monsters'

Godzilla - born in a post-war Japan traumatised by Hiroshima - gets eye-popping special effects in his latest Hollywood remake, combined with a reflection on the nuclear threat. The giant reptile, the rights for whom are still owned by Japanese studio Toh
Published 24 May, 2014 12:00am
On 20th birthday, DreamWorks Animation eyes changing future

On 20th birthday, DreamWorks Animation eyes changing future

DreamWorks Animation, one of the biggest successes of recent Hollywood history, is celebrating its 20th birthday with eyes firmly on the future, both in terms of changing formats and lucrative new markets like China. Jeffrey Katzenberg's studio, a Croiset
Published 24 May, 2014 12:00am
Protesting Sikhs storm into parliament house premises

Protesting Sikhs storm into parliament house premises

A large number of baton-wielding members of Sikh community on Friday stormed into the Parliament House, protesting against the alleged desecration of their holy book. The protesting Sikhs from Sindh and Khyber Pakhtunkhwa (KP) gathered outside parliament
Published 24 May, 2014 12:00am
"Cinema of Siege" brings the face of conflict to Cannes

"Cinema of Siege" brings the face of conflict to Cannes

The shaky video images that emerged during the Arab Spring more than three years ago have helped to spark a cinema revolution showing the cry for freedom and change that has gripped nations such as Egypt and Syria. "I see it as a new school of cinema. It'
Published 24 May, 2014 12:00am
Protesting Sikhs storm into parliament house premises

Protesting Sikhs storm into parliament house premises

A large number of baton-wielding members of Sikh community on Friday stormed into the Parliament House, protesting against the alleged desecration of their holy book. The protesting Sikhs from Sindh and Khyber Pakhtunkhwa (KP) gathered outside parliament
Published 24 May, 2014 12:00am
Webster's dictionary adds 'selfie,' 'tweep,' 'turducken'

Webster's dictionary adds 'selfie,' 'tweep,' 'turducken'

"Selfie," "tweep" and "turducken" were among more than 150 new words and definitions added to the 2014 updated Merriam-Webster's Collegiate Dictionary, the publishing company said on Monday. The additions to the US dictionary reflect the growing influence
Published 24 May, 2014 12:00am
In Britain, a battle to spin great science into gold

In Britain, a battle to spin great science into gold

It's mega strong, ultra light and super stretchy, and if things work out, a wonder material discovered in Britain could change many aspects of human existence - starting with peoples' sex lives. Safer and sensually superior condoms may not have been the f
Published 24 May, 2014 12:00am