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Print - 2014-06-18
Development funds: opposition lawmakers seek Gilani's help

Development funds: opposition lawmakers seek Gilani's help

Taking a full advantage of former Prime Minister, Yousuf Raza Gilani's presence at Sindh Assembly on Tuesday, the opposition urged upon him to persuade the Sindh government to allocate development funds for opposition's lawmakers. Yousuf Raza Gilani visit
Published 18 Jun, 2014 12:00am
Pemra-related petitions: IHC adjourns proceedings to June 26

Pemra-related petitions: IHC adjourns proceedings to June 26

The Islamabad High Court on Tuesday adjourned the proceedings of two petitions relating to Pakistan Electronic Media Regulatory Authority (PEMRA) till June 26. A single-member bench of Justice Noor-ul-Haq N. Qureshi heard the two petitions against the rem
Published 18 Jun, 2014 12:00am
PML-N government should revise its policies: Gilani

PML-N government should revise its policies: Gilani

Vice Chairman of Pakistan People's Party Syed Yousuf Raza Gilani said on Tuesday that the PPP will fully support the federal government's decision to launch military operation against the Taliban in North Waziristan as it was in the interest of the countr
Published 18 Jun, 2014 12:00am
Army chief's resolve against terrorism

Army chief's resolve against terrorism

Enough is enough. That is enough, and there should be no more. Stop. Chief of Army Staff (CoAS) General Raheel Sharif, who visited Corps Headquarters Peshawar on Monday where he was given a detailed briefing on the progress of Operation Zarb-e-Azb, has th
Published 18 Jun, 2014 12:00am
Green managers stuff funds with Apple after environmental reforms

Green managers stuff funds with Apple after environmental reforms

Apple Inc, criticised in the past for greenhouse gas emissions, use of toxic materials and the hiring of underage workers, has improved its practices and earned better scores from groups such as Greenpeace. That's good news for environmentally-aware mutua
Published 18 Jun, 2014 12:00am
US banks seen falling short of new debt funding rule

US banks seen falling short of new debt funding rule

Wells Fargo, State Street and J.P. Morgan Chase & Co are below or almost at minimum capital thresholds expected to be included in a rule still being hammered out by US regulators that's meant to mitigate taxpayer losses in another financial crisis, accord
Published 18 Jun, 2014 12:00am
The lure of cheap LNG from US?

The lure of cheap LNG from US?

It appears that finally LNG will come to Pakistan's gas networked sometimes next year. In the kind of emergency situation that we are in, the only short-term solution appears to be LNG; all other options being several years away. PSO has advertised for pr
Published 18 Jun, 2014 12:00am
Apathetic attitude

Apathetic attitude

A report appearing in this paper the other day tells yet another sordid tale of governmental indifference towards environmental pollution. Karachi with its over 23 million population, has just two small functional sewage treatment plants at Gutter Baghich
Published 18 Jun, 2014 12:00am
The Weather

The Weather

The weather report on Tuesday (June 17, 2014) and the forecast for Wednesday (June 18, 2014).

Published 18 Jun, 2014 12:00am
Sindh Budget

Sindh Budget

Chief Minister Sindh, Syed Qaim Ali Shah unveiled a Rs 686.2 billion budget for the fiscal year 2014-15, with a deficit projected at Rs 14 billion and slight or no adjustments in the existing tax rates. The proposed budget is Rs 136 billion or 24 percent
Published 18 Jun, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (June 17, 2014).

Published 18 Jun, 2014 12:00am
Rights of promotion: IRAOAP to utilise all legal options

Rights of promotion: IRAOAP to utilise all legal options

Inland Revenue Audit Officers Association of Pakistan (IRAOAP) on Tuesday decided to utilise all legal options including strike call to secure the rights of promotion. This was decided through a resolution adopted in the meeting of the association which w
Published 18 Jun, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (June 17, 2014).

Published 18 Jun, 2014 12:00am
PGMEA Chairman seeks ban on export of blue split leather

PGMEA Chairman seeks ban on export of blue split leather

The Chairman of Pakistan Gloves Manufacturers and Exporters Association (PGMEA) Syed Shahzada Ibn-e-Ahmed Iqbal has demanded imposition of ban immediately on export of "blue split leather" to save the gloves industry from total collapse.
Published 18 Jun, 2014 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 18 Jun, 2014 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 18 Jun, 2014 12:00am
'Cattle markets to be built on modern lines'

'Cattle markets to be built on modern lines'

Commissioner Lahore Division, Rashid Mehmood Langrial, has said that establishment of Lahore Division Cattle Market Management Company will take concrete measures to eliminate the existing orthodox cattle market system. He said the Cattle Company would ru
Published 18 Jun, 2014 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (June 17, 2014).

Published 18 Jun, 2014 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Tuesday (June 17, 2014) and for Wednesday (June 18, 2014).
Published 18 Jun, 2014 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (June 17, 2014).

Published 18 Jun, 2014 12:00am
Athar Minallah sworn in as IHC additional judge

Athar Minallah sworn in as IHC additional judge

Athar Minallah, a senior lawyer, has sworn in as addition judge of the Islamabad High Court. IHC Chief Justice Muhammad Anwar Khan Kasi administrated the oath to the newly appointed additional judge in the IHC conference room on Tuesday. The oath-taking c
Published 18 Jun, 2014 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Tuesday (June 17, 2014).

Published 18 Jun, 2014 12:00am
Justice Khwaja Imtiaz takes oath as LHC CJ

Justice Khwaja Imtiaz takes oath as LHC CJ

Justice Khwaja Imtiaz Ahmad here on Tuesday took oath as Chief Justice of the Lahore High Court. Punjab Governor Chaudhry Muhammad Sarwar administered the oath to Justice Khawaja Imtiaz Ahmad in a simple but impressive ceremony. The ceremony was attended
Published 18 Jun, 2014 12:00am
Woman dies after gang rape

Woman dies after gang rape

A woman in Dera Ghazi Khan has died after being raped by three persons. According to reports, the girl became friend with one of the accused via phone. The girl was brought to Dera Ghazi Khan from Lahore by the accused, where he and two of his companions
Published 18 Jun, 2014 12:00am
Call for generating power from hydro sources

Call for generating power from hydro sources

Member Working Group of Planning Commission of Pakistan on Energy Dr Engr Javed Yunus Uppal called for generating electricity from hydro power sources, which is cheap source of power generation. He also said that India generates electricity from hydro pow
Published 18 Jun, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (June 17, 2014).

Published 18 Jun, 2014 12:00am
PCST demands one percent of GDP allocation for R&D

PCST demands one percent of GDP allocation for R&D

Pakistan Council for Science and Technology (PCST) Chairperson Dr Mudasser Asrar demanded the government to allocate at least one percent of gross domestic product for research and development (R&D) activities whereas currently, only 0.3 percent of GDP is
Published 18 Jun, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (June 17, 2014).

Published 18 Jun, 2014 12:00am
Workshop on improving quality of HEC recognised journals held

Workshop on improving quality of HEC recognised journals held

Higher Education Commission Quality Assurance Division organized a one-day workshop for improving the quality of HEC recognised journal in the discipline of Agriculture. This workshop was organized at HEC Regional Center Lahore. Professor Dr Iftikhar Ahma
Published 18 Jun, 2014 12:00am
LHCBA adopts anti-Musharraf resolution

LHCBA adopts anti-Musharraf resolution

A Lahore High Court Bar Association general house meeting here on Tuesday unanimously adopted a resolution against the likely deletion of name of former president Pervez Musharraf's from Exit Control List (ECL). The resolution said that Musharraf abrogate
Published 18 Jun, 2014 12:00am
Government urged not to impose taxes on poultry industry

Government urged not to impose taxes on poultry industry

The budget 2014-15 has suggested the imposition of 5 percent duty on poultry raw material import, 5 percent duty on import of soybean meal and 5 percent sales tax, which would hit not only general public in terms of high prices of chicken and eggs but als
Published 18 Jun, 2014 12:00am
THE RUPEE: minor changes

THE RUPEE: minor changes

Little changes were seen on the money market on Tuesday as the rupee fluctuated slightly against the dollar in the process of trading, dealers said. The rupee managed to pick up three-paisa against the dollar for buying at Rs 98.50 and it also gained one-
Published 18 Jun, 2014 12:00am
Lawyer's wife burnt case: LHC seeks detailed report

Lawyer's wife burnt case: LHC seeks detailed report

The Lahore High Court taking notice of a woman who was burnt alive in the office of her husband and her two daughters suffered burns has directed the District & Sessions Judge, Lahore to look into the matter and submit a detailed report within a week. Acc
Published 18 Jun, 2014 12:00am
THE RUPEE: minor changes

THE RUPEE: minor changes

Little changes were seen on the money market on Tuesday as the rupee fluctuated slightly against the dollar in the process of trading, dealers said. The rupee managed to pick up three-paisa against the dollar for buying at Rs 98.50 and it also gained one-
Published 18 Jun, 2014 12:00am
Woman among three killed as coach overturns

Woman among three killed as coach overturns

Three persons including a woman were killed while 21 others were injuries in a road accident in Satellite Town police limits on Tuesday. According to police, a passenger coach was heading to Lahore from Bannu when it overturned at the Sargodha bypass near
Published 18 Jun, 2014 12:00am
Name on ECL: petition filed against Musharraf

Name on ECL: petition filed against Musharraf

A writ petition was filed in Supreme Court on Tuesday, seeking placement of former President and army chief Pervez Musharraf's name on Exist Control List (ECL). Taufiq Asif through his counsel Hamid Khan filed a petition, challenging the short order passe
Published 18 Jun, 2014 12:00am
Rs 49 billion to be raised through another auction of Ijara Sukuk

Rs 49 billion to be raised through another auction of Ijara Sukuk

The State Bank of Pakistan (SBP) on Tuesday announced another auction of Government of Pakistan (GoP) Ijara Sukuk against M-3 Motorway. Industry sources said that upcoming Ijara Sukuk is expected to be amounting some Rs 49 billion and will be issued again
Published 18 Jun, 2014 12:00am
Rs 49 billion to be raised through another auction of Ijara Sukuk

Rs 49 billion to be raised through another auction of Ijara Sukuk

The State Bank of Pakistan (SBP) on Tuesday announced another auction of Government of Pakistan (GoP) Ijara Sukuk against M-3 Motorway. Industry sources said that upcoming Ijara Sukuk is expected to be amounting some Rs 49 billion and will be issued again
Published 18 Jun, 2014 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (June 17, 2014).

Published 18 Jun, 2014 12:00am
Pakistan, India to resume trade talks next month

Pakistan, India to resume trade talks next month

India and Pakistan will resume the trade normalisation process on the sidelines of the Safta Ministerial meeting in Bhutan next month. Both Indian and Pakistani Commerce Ministers are likely to hold a bilateral meeting on the sidelines of the meet, Indian
Published 18 Jun, 2014 12:00am
Pakistan, India to resume trade talks next month

Pakistan, India to resume trade talks next month

India and Pakistan will resume the trade normalisation process on the sidelines of the Safta Ministerial meeting in Bhutan next month. Both Indian and Pakistani Commerce Ministers are likely to hold a bilateral meeting on the sidelines of the meet, Indian
Published 18 Jun, 2014 12:00am
Pakistan, India to resume trade talks next month

Pakistan, India to resume trade talks next month

India and Pakistan will resume the trade normalisation process on the sidelines of the Safta Ministerial meeting in Bhutan next month. Both Indian and Pakistani Commerce Ministers are likely to hold a bilateral meeting on the sidelines of the meet, Indian
Published 18 Jun, 2014 12:00am
Pacts and MoUs inked with Tajikistan: Prime Minister

Pacts and MoUs inked with Tajikistan: Prime Minister

Prime Minister Nawaz Sharif on Tuesday said Pakistan and Tajikistan agreed to strengthen economic co-operation by optimally utilising the present and new institutional mechanisms and intensifying private sector interface. Speaking at the joint press stake
Published 18 Jun, 2014 12:00am
Pacts and MoUs inked with Tajikistan: Prime Minister

Pacts and MoUs inked with Tajikistan: Prime Minister

Prime Minister Nawaz Sharif on Tuesday said Pakistan and Tajikistan agreed to strengthen economic co-operation by optimally utilising the present and new institutional mechanisms and intensifying private sector interface. Speaking at the joint press stake
Published 18 Jun, 2014 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 18 Jun, 2014 12:00am
Pacts and MoUs inked with Tajikistan: Prime Minister

Pacts and MoUs inked with Tajikistan: Prime Minister

Prime Minister Nawaz Sharif on Tuesday said Pakistan and Tajikistan agreed to strengthen economic co-operation by optimally utilising the present and new institutional mechanisms and intensifying private sector interface. Speaking at the joint press stake
Published 18 Jun, 2014 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 18 Jun, 2014 12:00am
China, Britain sign £14 billion in trade deals: Cameron

China, Britain sign £14 billion in trade deals: Cameron

Britain and China have signed trade deals worth over £14 billion ($28 billion, 17 billion euros) during a visit by Chinese Premier Li Keqiang, British Prime Minister David Cameron said Tuesday. "Today we have signed deals worth more than £14 billion," sai
Published 18 Jun, 2014 12:00am
China, Britain sign £14 billion in trade deals: Cameron

China, Britain sign £14 billion in trade deals: Cameron

Britain and China have signed trade deals worth over £14 billion ($28 billion, 17 billion euros) during a visit by Chinese Premier Li Keqiang, British Prime Minister David Cameron said Tuesday. "Today we have signed deals worth more than £14 billion," sai
Published 18 Jun, 2014 12:00am
China, Britain sign £14 billion in trade deals: Cameron

China, Britain sign £14 billion in trade deals: Cameron

Britain and China have signed trade deals worth over £14 billion ($28 billion, 17 billion euros) during a visit by Chinese Premier Li Keqiang, British Prime Minister David Cameron said Tuesday. "Today we have signed deals worth more than £14 billion," sai
Published 18 Jun, 2014 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 18 Jun, 2014 12:00am
US hikes surveillance on Pakistan border

US hikes surveillance on Pakistan border

The top US military commander in Afghanistan says the US has increased its surveillance over the Afghan-Pakistani border since Pakistan began pounding a militant stronghold with airstrikes, but so far officials have not seen any militants fleeing the late
Published 18 Jun, 2014 12:00am
US hikes surveillance on Pakistan border

US hikes surveillance on Pakistan border

The top US military commander in Afghanistan says the US has increased its surveillance over the Afghan-Pakistani border since Pakistan began pounding a militant stronghold with airstrikes, but so far officials have not seen any militants fleeing the late
Published 18 Jun, 2014 12:00am
Power shortfall touches historic high

Power shortfall touches historic high

Country''s electricity shortfall on Tuesday touched historic high of 9065 MW as demand reached 21,868 MW against allocated quota of 12,803 MW to Discos due to which people were facing 12-18 hour load shedding in urban and rural areas, well informed source
Published 18 Jun, 2014 12:00am
Power shortfall touches historic high

Power shortfall touches historic high

Country's electricity shortfall on Tuesday touched historic high of 9065 MW as demand reached 21,868 MW against allocated quota of 12,803 MW to Discos due to which people were facing 12-18 hour load shedding in urban and rural areas, well informed sources
Published 18 Jun, 2014 12:00am
Power shortfall touches historic high

Power shortfall touches historic high

Country's electricity shortfall on Tuesday touched historic high of 9065 MW as demand reached 21,868 MW against allocated quota of 12,803 MW to Discos due to which people were facing 12-18 hour load shedding in urban and rural areas, well informed sources
Published 18 Jun, 2014 12:00am
Masked attacker injures Pakistani imam in Norway

Masked attacker injures Pakistani imam in Norway

Norwegian police say they are searching for a masked assailant who seriously injured a Pakistani imam, the head of the Scandinavian country's biggest mosque. Oslo police spokeswoman Grete Lien Metlid said Nehmat Ali Shah was attacked with a metal object o
Published 18 Jun, 2014 12:00am
Masked attacker injures Pakistani imam in Norway

Masked attacker injures Pakistani imam in Norway

Norwegian police say they are searching for a masked assailant who seriously injured a Pakistani imam, the head of the Scandinavian country's biggest mosque. Oslo police spokeswoman Grete Lien Metlid said Nehmat Ali Shah was attacked with a metal object o
Published 18 Jun, 2014 12:00am
CoAS postpones visit to Sri Lanka

CoAS postpones visit to Sri Lanka

Due to the ongoing operation Zarb-e-Azb, Chief of Army Staff (CoAS) General Raheel Sharif on Tuesday postponed his scheduled visit to Sri Lanka. According to ISPR here, the CoAS was to proceed to Sri Lanka on Tuesday on a four days' official visit.
Published 18 Jun, 2014 12:00am
CoAS postpones visit to Sri Lanka

CoAS postpones visit to Sri Lanka

Due to the ongoing operation Zarb-e-Azb, Chief of Army Staff (CoAS) General Raheel Sharif on Tuesday postponed his scheduled visit to Sri Lanka. According to ISPR here, the CoAS was to proceed to Sri Lanka on Tuesday on a four days' official visit.
Published 18 Jun, 2014 12:00am
Gilani gets bail in corruption cases

Gilani gets bail in corruption cases

An anti-corruption court on Tuesday approved bail for former prime minister Syed Yousuf Raza Gilani in 12 cases pertaining to a multi-billion rupees trade subsidy scam. The judge of Special Federal Anti-Corruption Court-I, Mohammad Azeem, granted bail to
Published 18 Jun, 2014 12:00am
Gilani gets bail in corruption cases

Gilani gets bail in corruption cases

An anti-corruption court on Tuesday approved bail for former prime minister Syed Yousuf Raza Gilani in 12 cases pertaining to a multi-billion rupees trade subsidy scam. The judge of Special Federal Anti-Corruption Court-I, Mohammad Azeem, granted bail to
Published 18 Jun, 2014 12:00am
'R&D funds be spent on beneficial, result-oriented projects'

'R&D funds be spent on beneficial, result-oriented projects'

While chairing a meeting of ICT R&D Fund, the Minister of State for IT Anusha Rahman expressed government's firm resolve to ensure that industry contributed national ICT and R&D fund plays its assigned role in an appropriate way by fuelling research and t
Published 18 Jun, 2014 12:00am
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