News Archives for Print - 2014-06-14 - Business Recorder

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Print - 2014-06-14

Sindh government fails to demolish illegal protective dikes: flood-like situation likely in July

Sindh government fails to demolish illegal protective dikes: flood-like situation likely in July

Despite an official report about possible flood-like situation in barrages of the province during the month of July, the Sindh irrigation department has yet to take action against illegal protective bunds built by influential Zamindars, it was learnt on F

Published 14 Jun, 2014 12:00am

400mgd untreated sewage being thrown into the sea: inordinate delay shoots up S-III Project's cost to Rs 16 billion

400mgd untreated sewage being thrown into the sea: inordinate delay shoots up S-III Project's cost to Rs 16 billion

Cost of the city's vital project, called Karachi Sewage Treatment Plant (commonly known as S-III Project), has been skyrocketed from Rs 7.8 to Rs 16 billion due to inordinate delay in starting the project by Karachi Water and Sewerage Board (KWSB).

Published 14 Jun, 2014 12:00am

Attack on Karachi airport: importers reluctant to file refund claims

Attack on Karachi airport: importers reluctant to file refund claims

Importers appeared to be reluctant to submit details of their consignments which got damaged during the recent attack on Karachi airport, despite receiving formal requests in this regard from different trade associations. Karachi Customs Agents Associatio

Published 14 Jun, 2014 12:00am

DUHS initiates 'Safe Blood Transfusion Services'

DUHS initiates 'Safe Blood Transfusion Services'

Dow University of Health Sciences (DUHS) on Friday initiated Safe Blood Transfusion Services with the pillars of voluntary blood donation, training of human resource, developing service delivery in blood banking and transplantation laboratory services wit

Published 14 Jun, 2014 12:00am

Couple allegedly involved in extortion arrested

Couple allegedly involved in extortion arrested

Citizen Police Liaison Committee (CPLC) arrested a couple allegedly involved in extortion cases in the city, here on Friday. According to CPLC sources, the accused were arrested during a joint raid conducted by CPLC central Zone and SIU team in Orangabad

Published 14 Jun, 2014 12:00am

UHD Curved TV to its dealers: Samsung gives first-hand experience

UHD Curved TV to its dealers: Samsung gives first-hand experience

Samsung Electronics Co Ltd, a global leader in digital media and TV technology today, conducted a ceremony to privilege its dealers with first-hand experience of its newly launched Ultra High Definition Curved TV. The event was held at the Expo Center, La

Published 14 Jun, 2014 12:00am

Cop among three shot dead in Karachi

Cop among three shot dead in Karachi

Three people, including a policeman, were killed while seven others were injured in separate incidents of violence in different parts of Karachi on Friday. According to police and rescue sources, police head constable Aslam, 50, was shot dead by unknown a

Published 14 Jun, 2014 12:00am

Section 182: non-filers tax officers asked to fulfil requirements

Section 182: non-filers tax officers asked to fulfil requirements

Sensing that seniority issue might crop up in taking punitive measures against over 1,000 officers, who have failed to submit income tax returns for tax year 2013, the Federal Board of Revenue (FBR) has now asked these non-compliant officers to file their

Published 14 Jun, 2014 12:00am

United Insurance to work as Window Takaful Operator: 11th EOGM held

United Insurance to work as Window Takaful Operator: 11th EOGM held

Te 11th Extra Ordinary General Meeting of The United Insurance Company of Pakistan Limited was successfully conducted at Royal Palm Golf Club Lahore on Thursday. Meeting was chaired by Khawas Khan Niazi, Directors of the company Rahat Sadiq, Madam Huma Wa

Published 14 Jun, 2014 12:00am

United Insurance to work as Window Takaful Operator: 11th EOGM held

United Insurance to work as Window Takaful Operator: 11th EOGM held

Te 11th Extra Ordinary General Meeting of The United Insurance Company of Pakistan Limited was successfully conducted at Royal Palm Golf Club Lahore on Thursday. Meeting was chaired by Khawas Khan Niazi, Directors of the company Rahat Sadiq, Madam Huma Wa

Published 14 Jun, 2014 12:00am

Seven employees of Gerry's Dnata: deaths occurred early morning: CAA

Seven employees of Gerry's Dnata: deaths occurred early morning: CAA

The Jinnah Hospital's post-mortem report of the seven employees of Gerry's Dnata who unfortunately died during the terrorists' attack on Jinnah Airport terminal1 concluded that the deaths occurred approximately between 3:00am and 9:00am on June 09, 2014.

Published 14 Jun, 2014 12:00am

Workshop on 'capacity building in seed technology': public, private sectors' urged to help curb certified seed shortage

Workshop on 'capacity building in seed technology': public, private sectors' urged to help curb certified seed shortage

"Lack of availability of quality and certified seed is the major constraints to increase agricultural productivity. The public and private sectors' joint efforts can bring the country out of the crisis of certified seed shortage." This was stated by Unive

Published 14 Jun, 2014 12:00am

Monsanto arranges field day in Manga Madi

Monsanto arranges field day in Manga Madi

Innovations in agriculture, increased awareness and adoption of good agronomic practices by farmers can help increase agricultural productivity. With progressive farmers adopting high yielding seeds and achieving yields at par with global yields, some far

Published 14 Jun, 2014 12:00am

One killed in checkpost attack in Lower Dir

One killed in checkpost attack in Lower Dir

A policeman was killed on Friday when unidentified militants attacked a police check post near Chakdara area of Lower Dir district. According to sources, the terrorists took to heels after the attack. Following the onslaught, search operation has been sta

Published 14 Jun, 2014 12:00am

SMEs in Southern Punjab hit by power loadshedding

SMEs in Southern Punjab hit by power loadshedding

The South Punjab is producing more than 4,000MW electricity but its worsening power crisis and the unannounced and prolonged load-shedding have badly affected the performance of small and medium enterprises (SMEs). The small business units whose productio

Published 14 Jun, 2014 12:00am

'Our acceptability in Bosnia & Herzegovina is very high': Pakistan envoy-designate visits FCCI

'Our acceptability in Bosnia & Herzegovina is very high': Pakistan envoy-designate visits FCCI

Being Muslim country Pakistan's acceptability in Bosnia & Herzegovina is very high and our exporters must exploit this brotherhood to have roots deep in this untapped and non-traditional market of Eastern Europe, said Lieutenant General Muhammad Yousuf (R

Published 14 Jun, 2014 12:00am

Peshawar University to commence MA/MSc exams from August 13

Peshawar University to commence MA/MSc exams from August 13

The annual masters examination of the University of Peshawar would commence from August 13, 2014 while the varsity would remain closed from June 16 to 30th August for summer vacations. This was decided in meeting of the heads of the teaching departments w

Published 14 Jun, 2014 12:00am

Demonstration held against drone attack in SWA

Demonstration held against drone attack in SWA

Enraged activists of civil society on Friday burnt the US flag and shouted anti-US slogans against drone attacks in South Waziristan causing the death of 16 peoples. The demo was led by Tariq Naeemullah Khan, President, United Citizen Front (UCF). Demonst

Published 14 Jun, 2014 12:00am

Health sector: huge increase in allocation praised

Health sector: huge increase in allocation praised

Advisor to Chief Minister Punjab on Health, Kh Salman Rafique has said that 37 percent increase in the allocation for health sector in provincial budget 2014-15 reflects healthy Punjab. He said Chief Minister Shahbaz Sharif has proved himself as poor-frie

Published 14 Jun, 2014 12:00am

Why do you think revolutions occur?

Why do you think revolutions occur?

Addressing the sit-in participants by telephone from London's International Secretariat after his release from Southwark police station, MQM chief Altaf Hussain reportedly said a change appeared to be imminent in Pakistan through which the poor will rule

Published 14 Jun, 2014 12:00am

Modi-led India, Xi-led China

Modi-led India, Xi-led China

That a Narendra-led India is seeking a policy reset in region is a fact that can be witnessed in Modi's pledges for a 'strong' foreign policy. According to reports, India's new nationalist government has promised to pursue a more muscular foreign policy a

Published 14 Jun, 2014 12:00am

Digital vs celluloid debate grips movie world

Digital vs celluloid debate grips movie world

Director Quentin Tarantino lambasts digital film-making as nothing less than the "death of cinema as I know it". Converts hail it as a democratising force for good that is cheaper and faster than celluloid. A debate is raging in the film world about the m

Published 14 Jun, 2014 12:00am

Panjshir dreams of a new Massoud for Afghanistan

Panjshir dreams of a new Massoud for Afghanistan

In the scenic Panjshir Valley where anti-Soviet fighter Ahmad Shah Massoud built his legend, all hopes are on his former spokesman Abdullah Abdullah winning Saturday's presidential election and pursuing his legacy. Three hours' drive north-east of Kabul s

Published 14 Jun, 2014 12:00am

Failure of economics in rural areas

Failure of economics in rural areas

Pakistan's rural areas hold about 70 percent of the population and all the other statistics that go with it. These are mere words and I am not going to justify or deny anything that is being done to undo the rural areas. Urbanisation gives you growth or s

Published 14 Jun, 2014 12:00am

Iraq on the brink, again

Iraq on the brink, again

If the ouster of Saddam Hussain was not enough to spawn political instability in Iraq the Syrian civil war has done it by throwing up new claimants to seat of power in Baghdad. A ragtag al Qaeda affiliate conceived by Al-Zarqawi, and one of many anti-Assa

Published 14 Jun, 2014 12:00am

Taxes and Dar

Taxes and Dar

Federal Finance Minister Ishaq Dar stated before the Nasreen Jalil chaired Senate Standing Committee on Finance that provinces are not ready to authorise the federal government to impose or collect agriculture income tax. Nasreen Jalil (MQM) is from the o

Published 14 Jun, 2014 12:00am

Budget debate in Senate: Senator hits out at own party for neglecting agriculture sector

Budget debate in Senate: Senator hits out at own party for neglecting agriculture sector

A senator of Pakistan Muslim League-Nawaz (PML-N), Muhammad Hamza, on Friday lashed out at his own party government for ignoring the agriculture sector in the federal budget while lawmakers belonging to Khyber Pakhtunkhwa decried shelving various uplift p

Published 14 Jun, 2014 12:00am

K-E installs new low-cost meters in underprivileged areas

K-E installs new low-cost meters in underprivileged areas

K-Electric (KE) through its press statement was pleased to announce that the company has successfully installed new low-cost meters in the area of Baldia. Both Mianwali Colony and Pakhtun Para were kunda infested areas where this low cost installation dri

Published 14 Jun, 2014 12:00am

National Assembly budget debate: opposition lawmakers ask government to cut non-development expenditures

National Assembly budget debate: opposition lawmakers ask government to cut non-development expenditures

The opposition lawmakers in the National Assembly on Friday urged federal government to cut its non-development expenditures and conduct population census in the country. The parliamentarians also urged the government to bring more people into tax net and

Published 14 Jun, 2014 12:00am

Political stability a must to achieve economic growth: Ahsan

Political stability a must to achieve economic growth: Ahsan

Federal Minister for Planning, Development and Reforms, Ahsan Iqbal Friday said that political stability is necessary to achieve a long-term economic growth as it ensured continuity in the economic polices that investors need. Talking to media at Middle E

Published 14 Jun, 2014 12:00am

Workers' convention: 'Awami Charter' only solution to Karachi: JI chief

Workers' convention: 'Awami Charter' only solution to Karachi: JI chief

Jamaat-i-Islami (JI) Karachi Chief Hafiz Naeem-ur-Rehman has reiterated that the JI's 'Awami Charter' is only solution of the problems of common man. He expressed these views while addressing a workers' convention organised by JI North Karachi Zone near M

Published 14 Jun, 2014 12:00am

Education sector: Rs 134.32 billion envisaged for non-development expenditures

Education sector: Rs 134.32 billion envisaged for non-development expenditures

Sindh government has proposed allocation of Rs 134.32 billions for non-development expenditures of education sector in the provincial budget for fiscal year 2014-15, while Rs 10.7 billions have been allocated in Sindh's Annual Development Programme (ADP)

Published 14 Jun, 2014 12:00am

Security of jails in Balochistan beefed up: IG

Security of jails in Balochistan beefed up: IG

Security of Balochistan's jails has been beefed up to avoid any untoward incident. Talking to media, Inspector General of Balochistan Prisons Bashir Bangulzai said additional personnel of law enforcement agencies have been deployed at and around all six j

Published 14 Jun, 2014 12:00am

Rs 43.583 billion earmarked for health in Sindh budget

Rs 43.583 billion earmarked for health in Sindh budget

Sindh government has earmarked Rs 43.583 billion for health sector in provincial budget for FY 2014-15, which shows 20 percent increase. Chief Minister Sindh Syed Qaim Ali Shah in his budget speech said that non-salary budget was being increased by a subs

Published 14 Jun, 2014 12:00am

Rs 43.583 billion earmarked for health in Sindh budget

Rs 43.583 billion earmarked for health in Sindh budget

Sindh government has earmarked Rs 43.583 billion for health sector in provincial budget for FY 2014-15, which shows 20 percent increase. Chief Minister Sindh Syed Qaim Ali Shah in his budget speech said that non-salary budget was being increased by a subs

Published 14 Jun, 2014 12:00am

Energy sector: Rs 31 billion allocated

Energy sector: Rs 31 billion allocated

In order to achieve the energy sector targets, Punjab government has allocated Rs 31 billion for Energy Sector in the ADP 2014-15. Accordingly, Punjab will witness a major thrust towards renewable energy sources and energy efficiency and conservation init

Published 14 Jun, 2014 12:00am

Energy sector: Rs 31 billion allocated

Energy sector: Rs 31 billion allocated

In order to achieve the energy sector targets, Punjab government has allocated Rs 31 billion for Energy Sector in the ADP 2014-15. Accordingly, Punjab will witness a major thrust towards renewable energy sources and energy efficiency and conservation init

Published 14 Jun, 2014 12:00am

PRA eyes higher tax collection

PRA eyes higher tax collection

The Punjab Revenue Authority (PRA) has estimated to collect Rs 95 billion in the financial year 2014-15 as against Rs 62.35 billion for the financial year 2013-14 which is 52.4 per cent higher than last year's owing to the still untapped potential in the

Published 14 Jun, 2014 12:00am

ADP aimed at spurring growth

ADP aimed at spurring growth

The Punjab government has proposed to allocate an amount of Rs 345 billion for the Annual Development Programme 2014-15 that includes Rs 290 billion for regular development programme and Rs 40 billion for other development initiatives with Rs 15 billion f

Published 14 Jun, 2014 12:00am

ADP aimed at spurring growth

ADP aimed at spurring growth

The Punjab government has proposed to allocate an amount of Rs 345 billion for the Annual Development Programme 2014-15 that includes Rs 290 billion for regular development programme and Rs 40 billion for other development initiatives with Rs 15 billion f

Published 14 Jun, 2014 12:00am

Rs 13.16 billion allocated to agriculture, livestock sectors

Rs 13.16 billion allocated to agriculture, livestock sectors

Punjab government has allocated a sum of Rs 13,160 million collectively for the agriculture and livestock and dairy development sectors for the year 2014-15 against the allocation of Rs 7,974 million in 2013-14. As per budget documents, the allocation for

Published 14 Jun, 2014 12:00am

Education sector: administration expenditure reduced by 9.2 percent

Education sector: administration expenditure reduced by 9.2 percent

The government of Punjab has allocated Rs 46.712 billion in the proposed budget for the fiscal year 2014-15 for the education sector against an allocation of Rs 40.596 billion in the outgoing financial year. According to the budget documents, the General

Published 14 Jun, 2014 12:00am

ADB principal creditor: Punjab debt stands at Rs 451.8 billion

Libor

ADB principal creditor: Punjab debt stands at Rs 451.8 billion

Asian Development Bank (ADB) with 46 percent holding is the principal creditor of Punjab foreign debt followed by the World Bank and government of Japan with 46 percent and 6 percent foreign debt holding, respectively. Punjab's total debt, 6 percent or Rs

Published 14 Jun, 2014 12:00am

China corn trade may be opened up amid food policy reshaping

China corn trade may be opened up amid food policy reshaping

China's move to scrap its annual stockpiling programme for soyabeans shows its grain security policy is being redefined and could pave the way for liberalisation of the corn trade, the founder of the country's largest animal feed producer said. China, whi

Published 14 Jun, 2014 12:00am

Shanghai copper climbs

Shanghai copper climbs

The most-traded August copper contract on the Shanghai Futures Exchange climbed 0.2 percent to 47,730 yuan ($7,700) a tonne on Friday. The trail that led investigators to a suspected metal financing scam at China's Qingdao port which has spooked Western b

Published 14 Jun, 2014 12:00am

Copper bounces, but falls for third week

Copper bounces, but falls for third week

Copper recovered on Friday, as buying picked up a day after prices hit their lowest in 1-1/2 months, but the metal still fell for a third straight week due to concerns over demand and a probe into metals financing in China. Three-month LME copper closed u

Published 14 Jun, 2014 12:00am

Oil climbs amid escalating conflict in Iraq

Oil climbs amid escalating conflict in Iraq

Oil prices rose to new nine-month highs on Friday as concerns persisted that an insurgency in Iraq could disrupt oil exports from the second-largest Opec producer. Iraq's most senior Shia cleric urged his followers to take up arms against the advancing Su

Published 14 Jun, 2014 12:00am

Rubber rebounds

Rubber rebounds

Benchmark Tokyo rubber futures rebounded on Friday, posting the biggest weekly gain in about nine months, helped by healthy economic data from top buyer China and a rise in Nikkei share prices. The Tokyo Commodity Exchange (TOCOM) rubber contract for Nove

Published 14 Jun, 2014 12:00am

Rotterdam vegetable oil prices

Rotterdam vegetable oil prices

Friday's Rotterdam vegetable oil prices at 1600 GMT.

Published 14 Jun, 2014 12:00am

Rotterdam vegetable oil prices

Rotterdam vegetable oil prices

Friday's Rotterdam vegetable oil prices at 1600 GMT.

Published 14 Jun, 2014 12:00am

Palm oil strengthens

Palm oil strengthens

Palm oil strengthened in Malaysia on Friday snapping three weeks of declines, buoyed by firmer crude oil prices, buyers stocking up ahead of the Muslim fasting month and a week of extreme heat that suggested an El Nino weather pattern may be on the way. B

Published 14 Jun, 2014 12:00am

ICE arabicas surge, raw sugar rises

ICE arabicas surge, raw sugar rises

ICE arabica coffee futures rallied on chart-based buy signals on Friday as uncertainty over the extent of drought damage to Brazilian crops continued, keeping the market volatile, while ICE raw sugar jumped after tapping an eight-week low. ICE cocoa futur

Published 14 Jun, 2014 12:00am

Soya dives

Soya dives

US soyabean futures fell to a two-month low on Thursday on chart-based selling and fund liquidation following a monthly US government report that showed rising global soya supplies, traders said. Corn firmed, gaining against soyabeans on spreads, but whea

Published 14 Jun, 2014 12:00am

Platinum and palladium sink in New York

Platinum and palladium sink in New York

Palladium posted its biggest daily losses in almost a year on Thursday after South African producers struck a deal with the union to end a crippling five-month strike, and violent conflict in Iraq burnished gold's safe haven status. Spot palladium fell al

Published 14 Jun, 2014 12:00am

Palladium and platinum rebound in Asia

Palladium and platinum rebound in Asia

Palladium and platinum edged up on Friday, after falling sharply in the previous session on expectations the longest strike in the history of South Africa's mines would end soon. Palladium rose $3.25 an ounce to $825.25 by 0637 GMT. It plunged about 4 per

Published 14 Jun, 2014 12:00am

Palladium at one-month low in Europe

Palladium at one-month low in Europe

Palladium fell to a one-month low and platinum inched lower on Friday, adding to the previous session's sharp fall as investors awaited confirmation that South Africa's longest mining strike would end soon. The leader of South Africa's AMCU union said tha

Published 14 Jun, 2014 12:00am

US MIDDAY: grains rebound

US MIDDAY: grains rebound

US soyabean futures rose on Friday in a short-covering and technical-buying rebound after a steep drop in the previous session to a 2-1/2 month low. Corn rose for a second straight day on bargain buying after hitting a four-month low at midweek. Wheat pri

Published 14 Jun, 2014 12:00am

US MIDDAY: palladium hits one-month low

US MIDDAY: palladium hits one-month low

Palladium tumbled to a one-month low early on Friday, extending its biggest drop in nearly a year in the previous session, as investors awaited confirmation that South Africa's longest mining strike would end soon. Gold prices edged up after Thursday's 1

Published 14 Jun, 2014 12:00am

Prolonged loadshedding gives boost to sale of generators and UPS

Prolonged loadshedding gives boost to sale of generators and UPS

Prolonged and unannounced loadshedding being resorted to by K-Electric in the current hot and sultry weather has given boost to the sale of generators and uninterrupted power supply (UPS). Taking undue advantage of the situation, dealers of generators and

Published 14 Jun, 2014 12:00am

PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on June 10, 2014.

Published 14 Jun, 2014 12:00am

Qaim urges government to withdraw GIDC

Qaim urges government to withdraw GIDC

Terming the Gas Infrastructure Development Cess (GIDC) 'unconstitutional' and `unilateral', Sindh Chief Minister Syed Qaim Ali Shah on Friday urged the federal government to withdraw the levy. He told the legislators during a budget speech at Sindh Assemb

Published 14 Jun, 2014 12:00am

PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on June 10, 2014.

Published 14 Jun, 2014 12:00am

Karachi's transport woes figure high on Sindh's ADP

Karachi's transport woes figure high on Sindh's ADP

The Sindh government has estimated Rs 168 billion for Annual Development Programme (ADP) for the Financial Year 2014-15. This is Rs 17 billion less than the outgoing year's estimate of Rs 185 billion but 46 percent higher than the outgoing year's revised

Published 14 Jun, 2014 12:00am

PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on June 10, 2014.

Published 14 Jun, 2014 12:00am

Seminar

Seminar

The final MS seminar of scholar Rafiozaman Brohi of chemical sciences department will be held on June 16 at Dean Faculty of Natural Sciences, University of Sindh Jamshoro. The scholar will deliver lecture on "gas chromatography determination of adenine, g

Published 14 Jun, 2014 12:00am

The Weather

The Weather

The weather report on Friday (June 13, 2014) and the forecast for Saturday (June 14, 2014).

Published 14 Jun, 2014 12:00am

WMBL launches ATM/debit card

WMBL launches ATM/debit card

Waseela Microfinance Bank Ltd (WMBL) has launched ATM /Debit Card as a means to address the banking needs of growing customer base. The ATM /Debit Card launch was jointly announced by Rashid Khan, Chairman WMBL and President and CEO Mobilink and Ghazanfar

Published 14 Jun, 2014 12:00am

Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (June 13, 2014).

Published 14 Jun, 2014 12:00am

Punjab sets high growth target

Punjab sets high growth target

Punjab Chief Minister Shahbaz Sharif Friday said the PML-N government led by Prime Minister Muhammad Nawaz Sharif is striving to steer the country out of problems and its sincere and strenuous efforts will be fruitful and Pakistan will emerge as a strong

Published 14 Jun, 2014 12:00am

Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (June 13, 2014).

Published 14 Jun, 2014 12:00am

Five-day CNG suspension hits people hard

Five-day CNG suspension hits people hard

The five-day a week gas suspension to Compressed Natural Gas (CNG) stations in Punjab has further intensified the woes of commuters and motorists, it is observed. During a survey conducted by Business Recorder, different CNG consumers and commuters

Published 14 Jun, 2014 12:00am

LME official prices

LME official prices

The following were Thursday official prices.

Published 14 Jun, 2014 12:00am

Normal tax regime from July 1: capacity tax rules for beverage industry to be rescinded

Normal tax regime from July 1: capacity tax rules for beverage industry to be rescinded

The Federal Board of Revenue (FBR) will rescind the Federal Excise Duty and Sales Tax on Production Capacity (Aerated Waters) Rules, 2013 for beverage industry after passage of the Finance Bill (2014-15) by the Parliament. Sources told Business Recorde

Published 14 Jun, 2014 12:00am

LME official prices

The following were Thursday official prices.

Published 14 Jun, 2014 12:00am

10 percent increase in Sindh government employees' salaries

Sindh Chief Minister Syed Qaim Ali Shah on Friday announced a 10 percent increase in salaries of all the government employees. Accordingly, the following measures have been announced in the provincial budget for the year 2014-2015.
Published 14 Jun, 2014 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (June 13, 2014).

Published 14 Jun, 2014 12:00am

10 percent increase in Sindh government employees' salaries

Sindh Chief Minister Syed Qaim Ali Shah on Friday announced a 10 percent increase in salaries of all the government employees. Accordingly, the following measures have been announced in the provincial budget for the year 2014-2015.
Published 14 Jun, 2014 12:00am

Poultry Rates

Wholesale poultry rates on Friday (June 13, 2014) and for Saturday (June 14, 2014).
Published 14 Jun, 2014 12:00am

7.5 percent tax on dividends: profits, gains of Sindh coal projects given tax exemption

The government has decided to exempt profits and gains of coal mining projects in Sindh supplying coal exclusively to power generation projects. Their dividends however would be taxed at a reduced rate of 7.5 percent to encourage electricity generation fr
Published 14 Jun, 2014 12:00am

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (June 13, 2014).

Published 14 Jun, 2014 12:00am

7.5 percent tax on dividends: profits, gains of Sindh coal projects given tax exemption

The government has decided to exempt profits and gains of coal mining projects in Sindh supplying coal exclusively to power generation projects. Their dividends however would be taxed at a reduced rate of 7.5 percent to encourage electricity generation fr
Published 14 Jun, 2014 12:00am

Lahore Paper Market Rates

Paper market rates in rupees on Friday (June 13, 2014).

Published 14 Jun, 2014 12:00am

7.5 percent tax on dividends: profits, gains of Sindh coal projects given tax exemption

The government has decided to exempt profits and gains of coal mining projects in Sindh supplying coal exclusively to power generation projects. Their dividends however would be taxed at a reduced rate of 7.5 percent to encourage electricity generation fr
Published 14 Jun, 2014 12:00am

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (June 13, 2014).

Published 14 Jun, 2014 12:00am

Seven charged with defaming Modi

Seven people, including four students, have been arrested in southern India on charges of defaming the country's new prime minister in a college magazine. District police chief N. Vijaya Kumar says a former principal of Government Polytechnic College, Thr
Published 14 Jun, 2014 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (June 13, 2014).

Published 14 Jun, 2014 12:00am

Seven charged with defaming Modi

Seven people, including four students, have been arrested in southern India on charges of defaming the country's new prime minister in a college magazine. District police chief N. Vijaya Kumar says a former principal of Government Polytechnic College, Thr
Published 14 Jun, 2014 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (June 13, 2014).

Published 14 Jun, 2014 12:00am

Contempt of court notice issued to acting Pemra chief

The Islamabad High Court on Friday issued a contempt of court notice to acting chairman Pakistan Electronic Media Regulatory Authority (PEMRA) Pervez Rathore for allegedly violating court's orders. A single- member bench of Justice Noorul Haq Qureshi hear
Published 14 Jun, 2014 12:00am

Dollar's rate in interbank market

Interbank closing rates for dollar on Friday (June 13, 2014).

Published 14 Jun, 2014 12:00am

Contempt of court notice issued to acting Pemra chief

The Islamabad High Court on Friday issued a contempt of court notice to acting chairman Pakistan Electronic Media Regulatory Authority (PEMRA) Pervez Rathore for allegedly violating court's orders. A single- member bench of Justice Noorul Haq Qureshi hear
Published 14 Jun, 2014 12:00am

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Friday (June 13, 2014).

Published 14 Jun, 2014 12:00am

Weekly SPI inflation surges by 8.56 percent

The weekly Sensitive Price Indicator (SPI) inflation surged by 8.56 percent during the week ended June 12, reflecting an increase in the prices of some essential commodities. The provisional data, released by Pakistan Bureau of Statistics, shows that the
Published 14 Jun, 2014 12:00am

THE RUPEE: stable trend

Firmness prevailed on the money market on Friday as the rupee maintained upward march versus the dollar, dealers said. The rupee gained 15-paisa against the dollar for buying and selling at Rs 98.32 and Rs 98.35 respectively, they said.
Published 14 Jun, 2014 12:00am

Weekly SPI inflation surges by 8.56 percent

The weekly Sensitive Price Indicator (SPI) inflation surged by 8.56 percent during the week ended June 12, reflecting an increase in the prices of some essential commodities. The provisional data, released by Pakistan Bureau of Statistics, shows that the
Published 14 Jun, 2014 12:00am

THE RUPEE: stable trend

Firmness prevailed on the money market on Friday as the rupee maintained upward march versus the dollar, dealers said. The rupee gained 15-paisa against the dollar for buying and selling at Rs 98.32 and Rs 98.35 respectively, they said.
Published 14 Jun, 2014 12:00am

Weekly SPI inflation surges by 8.56 percent

The weekly Sensitive Price Indicator (SPI) inflation surged by 8.56 percent during the week ended June 12, reflecting an increase in the prices of some essential commodities. The provisional data, released by Pakistan Bureau of Statistics, shows that the
Published 14 Jun, 2014 12:00am

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Friday (June 13, 2014).

Published 14 Jun, 2014 12:00am

GSP Plus: governments directed to implement International Conventions

Commerce Minister Khurram Dastgir has directed provincial governments to implement International Conventions in letter and spirit which are mandatory for the effective utilisation of GSP plus scheme granted by the European Union (EU). Commerce Ministry is
Published 14 Jun, 2014 12:00am

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Friday (June 13, 2014).

Published 14 Jun, 2014 12:00am

Previous Day

Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / Dec 4

277.97

USD PKR Interbank Buying / Dec 4

277.77

USD to Japanese Yen / Dec 4

150.37

USD to Swiss Franc / Dec 4

0.89

Pound Sterling to USD / Dec 4

1.27

Euro to USD / Dec 4

1.05

Stock Volume

S&P 500 / Dec 3

6,049.87

Nasdaq / Dec 3

19,480.91

Dow Jones / Dec 3

44,705.53

India Sensex / Dec 4

80,956.33

Tokyo Nikkei / Dec 4

39,276.39

Hang Seng / Dec 4

19,742.46

FTSE 100 / Dec 4

8,328.12

Germany DAX 30 / Dec 4

20,195.75

Item Value

Karachi Cotton PKR/37.32 KG / Dec 3

17,685

Crude Oil USD/Barrel / Dec 4

70.17

Gold 10 Grams PKR / Dec 4

235,940

Gold Spot USD/Ounce / Dec 4

2,644.45

Cotton US¢/pound / Dec 4

71.11

Petrol/Litre / Dec 5

252.10

Gainers
Losers
Leaders

Stock Price

786 Invest Ltd / Dec 5

786 Investments Limited(786)

7.37

▼ 0.00 (0.00%)

AL-Abbas Sugar / Dec 5

Al-Abbas Sugar Mills Limited(AABS)

627.86

▼ 0.00 (0.00%)

Agro Allianz / Dec 5

Agro Allianz Limited(AAL)

16

▼ 0.00 (0.00%)

AL-Abid Silk / Dec 5

Al-Abid Silk Mills Limited(AASM)

3.49

▼ 0.00 (0.00%)

Ali Asghar / Dec 5

Ali Asghar Textile Mills Limited(AATM)

68.40

▼ 0.00 (0.00%)

Allied Bank / Dec 5

Allied Bank Limited(ABL)

150.94

▼ 0.00 (0.00%)

Abbott Lab. / Dec 5

Abbott Laboratories (Pakistan) Limited(ABOT)

1,123.10

▼ 0.00 (0.00%)

Abson Ind. / Dec 5

Abson Industries Limited(ABSON)

2.50

▼ 0.00 (0.00%)

Alfalah ETF. / Dec 5

Alfalah Consumer Index ETF.(ACIETF)

13.47

▼ 0.00 (0.00%)

Stock Price

786 Invest Ltd / Dec 5

786 Investments Limited(786)

7.37

▲ 0.00 (0.00%)

AL-Abbas Sugar / Dec 5

Al-Abbas Sugar Mills Limited(AABS)

627.86

▲ 0.00 (0.00%)

Agro Allianz / Dec 5

Agro Allianz Limited(AAL)

16

▲ 0.00 (0.00%)

AL-Abid Silk / Dec 5

Al-Abid Silk Mills Limited(AASM)

3.49

▲ 0.00 (0.00%)

Ali Asghar / Dec 5

Ali Asghar Textile Mills Limited(AATM)

68.40

▲ 0.00 (0.00%)

Allied Bank / Dec 5

Allied Bank Limited(ABL)

150.94

▲ 0.00 (0.00%)

Abbott Lab. / Dec 5

Abbott Laboratories (Pakistan) Limited(ABOT)

1,123.10

▲ 0.00 (0.00%)

Abson Ind. / Dec 5

Abson Industries Limited(ABSON)

2.50

▲ 0.00 (0.00%)

Alfalah ETF. / Dec 5

Alfalah Consumer Index ETF.(ACIETF)

13.47

▲ 0.00 (0.00%)

Stock Volume

Cnergyico PK / Dec 5

Cnergyico PK Limited(CNERGY)

246,707,903

▲ 0.00

WorldCall Telecom / Dec 5

Worldcall Telecom Limited(WTL)

89,419,070

▲ 0.00

Hascol Petrol / Dec 5

Hascol Petroleum Limited(HASCOL)

87,024,698

▲ 0.00

Pak Elektron / Dec 5

Pak Elektron Limited(PAEL)

67,806,935

▲ 0.00

Sui South Gas / Dec 5

Sui Southern Gas Company Limited(SSGC)

61,811,720

▲ 0.00

Power Cement / Dec 5

Power Cement Limited(POWER)

58,501,362

▲ 0.00

K-Electric Ltd. / Dec 5

K-Electric Limited(KEL)

56,938,645

▲ 0.00

Pak Int.Bulk / Dec 5

Pakistan International Bulk Terminal(PIBTL)

56,115,997

▲ 0.00

Pak Refinery / Dec 5

Pakistan Refinery Limited(PRL)

55,870,990

▲ 0.00

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