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Print - 2014-06-19
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (June 18, 2014).

Published 19 Jun, 2014 12:00am
Sunni rebels battle their way into biggest refinery

Sunni rebels battle their way into biggest refinery

Sunni rebels battled their way into the biggest oil refinery in Iraq on Wednesday, and the president of neighbouring Iran raised the prospect of intervening in a sectarian war that threatens to sweep across Middle East frontiers. Sunni fighters were in co
Published 19 Jun, 2014 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (June 18, 2014).

Published 19 Jun, 2014 12:00am
Qadri rejects probe commission

Qadri rejects probe commission

The chief of Pakistan Awami Tehreek (PAT) Dr Tahirul Qadri has rejected a judicial commission set up by the Punjab government to investigate the killings of 11 people in a Model Town clash between police and workers of PAT. He appealed to the judge to dis
Published 19 Jun, 2014 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (June 18, 2014).

Published 19 Jun, 2014 12:00am
Qadri rejects probe commission

Qadri rejects probe commission

The chief of Pakistan Awami Tehreek (PAT) Dr Tahirul Qadri has rejected a judicial commission set up by the Punjab government to investigate the killings of 11 people in a Model Town clash between police and workers of PAT. He appealed to the judge to dis
Published 19 Jun, 2014 12:00am
Imran demands Shahbaz's resignation

Imran demands Shahbaz's resignation

PTI Chairman Imran Khan has demanded resignation of Chief Minister Punjab Shahbaz Sharif. He was talking to media after visiting the injured workers of Pakistan Awami Tehrik (PAT) and the Minhaj-ul-Quran Secretariat on Wednesday. He criticised the Punjab
Published 19 Jun, 2014 12:00am
Imran demands Shahbaz's resignation

Imran demands Shahbaz's resignation

PTI Chairman Imran Khan has demanded resignation of Chief Minister Punjab Shahbaz Sharif. He was talking to media after visiting the injured workers of Pakistan Awami Tehrik (PAT) and the Minhaj-ul-Quran Secretariat on Wednesday. He criticised the Punjab
Published 19 Jun, 2014 12:00am
Country waging two wars: Prime Minister

Country waging two wars: Prime Minister

Prime Minister Nawaz Sharif has expressed his deep sorrow and grief over the loss of lives in Tuesday's incident in Lahore and prayed to Allah Almighty to bless the souls. In a statement released here on Wednesday, the PM said Pakistan as a state was curr
Published 19 Jun, 2014 12:00am
Country waging two wars: Prime Minister

Country waging two wars: Prime Minister

Prime Minister Nawaz Sharif has expressed his deep sorrow and grief over the loss of lives in Tuesday's incident in Lahore and prayed to Allah Almighty to bless the souls. In a statement released here on Wednesday, the PM said Pakistan as a state was curr
Published 19 Jun, 2014 12:00am
Afghan election in peril over Abdullah's fraud claims

Afghan election in peril over Abdullah's fraud claims

Afghan presidential election candidate Abdullah Abdullah on Wednesday demanded a halt to vote-counting over fraud allegations, taking the country to the brink of a political crisis during its first democratic transfer of power. Abdullah ramped up his comp
Published 19 Jun, 2014 12:00am
Afghan election in peril over Abdullah's fraud claims

Afghan election in peril over Abdullah's fraud claims

Afghan presidential election candidate Abdullah Abdullah on Wednesday demanded a halt to vote-counting over fraud allegations, taking the country to the brink of a political crisis during its first democratic transfer of power. Abdullah ramped up his comp
Published 19 Jun, 2014 12:00am
Two cops among six killed in city

Two cops among six killed in city

At least six persons including two cops were fallen prey to the unabated spate of target killings, here on Monday. According to police and rescue sources, Assistant Sub-Inspector (ASI) Tahir Hussain, son of Ghazi Hussain, was shot and killed by unidentifi
Published 19 Jun, 2014 12:00am
ISE index loses 38.14 points

ISE index loses 38.14 points

Bears retuned in the driving seat at the Islamabad Stock Exchange (ISE) on Wednesday where losers outclassed gainers amid decrease in index. ISE Ten Index showed a decrease of 38.14 points as the ISE Ten Index moved from 4,400.68 to 4362.54 points. The ov
Published 19 Jun, 2014 12:00am
ISE index loses 38.14 points

ISE index loses 38.14 points

Bears retuned in the driving seat at the Islamabad Stock Exchange (ISE) on Wednesday where losers outclassed gainers amid decrease in index. ISE Ten Index showed a decrease of 38.14 points as the ISE Ten Index moved from 4,400.68 to 4362.54 points. The ov
Published 19 Jun, 2014 12:00am
LSE index drops 74.5 points

LSE index drops 74.5 points

Bearish sentiments continued for another day on the Lahore Stock Exchange on Wednesday and the equities extended further declines amid improved trading turnover. The LSE-25 index lost 74.50 points to close at 5621.20 against 5695.70 of Tuesday while trans
Published 19 Jun, 2014 12:00am
LSE index drops 74.5 points

LSE index drops 74.5 points

Bearish sentiments continued for another day on the Lahore Stock Exchange on Wednesday and the equities extended further declines amid improved trading turnover. The LSE-25 index lost 74.50 points to close at 5621.20 against 5695.70 of Tuesday while trans
Published 19 Jun, 2014 12:00am
Attack on MQM MNA: opposition MNAs stage walkout

Attack on MQM MNA: opposition MNAs stage walkout

Members of opposition parties on Wednesday staged a walkout from the National Assembly against the firing incident in Lahore in which Muttahida Qaumi Movement (MQM) MNA Tahira Asif was shot at and injured. The Pakhtunkhwa Milli Awami Party, a coalition pa
Published 19 Jun, 2014 12:00am
Attack on MQM MNA: opposition MNAs stage walkout

Attack on MQM MNA: opposition MNAs stage walkout

Members of opposition parties on Wednesday staged a walkout from the National Assembly against the firing incident in Lahore in which Muttahida Qaumi Movement (MQM) MNA Tahira Asif was shot at and injured. The Pakhtunkhwa Milli Awami Party, a coalition pa
Published 19 Jun, 2014 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 19 Jun, 2014 12:00am
LNG terminal: Ogra awards licence to ETPL

LNG terminal: Ogra awards licence to ETPL

The Oil and Gas Regulatory Authority (Ogra) has awarded the licence of construction and operation of Liquefied Natural Gas (LNG) to Elengy Terminal Pakistan Limited (ETPL). Initially, the regulatory body has issued the license of LNG terminal to EPTL for
Published 19 Jun, 2014 12:00am
LNG terminal: Ogra awards licence to ETPL

LNG terminal: Ogra awards licence to ETPL

The Oil and Gas Regulatory Authority (Ogra) has awarded the licence of construction and operation of Liquefied Natural Gas (LNG) to Elengy Terminal Pakistan Limited (ETPL). Initially, the regulatory body has issued the license of LNG terminal to EPTL for
Published 19 Jun, 2014 12:00am
LNG terminal: Ogra awards licence to ETPL

LNG terminal: Ogra awards licence to ETPL

The Oil and Gas Regulatory Authority (Ogra) has awarded the licence of construction and operation of Liquefied Natural Gas (LNG) to Elengy Terminal Pakistan Limited (ETPL). Initially, the regulatory body has issued the license of LNG terminal to EPTL for
Published 19 Jun, 2014 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 19 Jun, 2014 12:00am
Ijara Sukuk auction on June 25

Ijara Sukuk auction on June 25

The State Bank of Pakistan (SBP) on Wednesday announced that it will conduct Government of Pakistan Ijara Sukuk (GIC) auction on June 25, 2014. Tender for sale of 3-year GIS have been invited by the Director, Domestic Markets & Monetary Management Departm
Published 19 Jun, 2014 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 19 Jun, 2014 12:00am
Ijara Sukuk auction on June 25

Ijara Sukuk auction on June 25

The State Bank of Pakistan (SBP) on Wednesday announced that it will conduct Government of Pakistan Ijara Sukuk (GIC) auction on June 25, 2014. Tender for sale of 3-year GIS have been invited by the Director, Domestic Markets & Monetary Management Departm
Published 19 Jun, 2014 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 19 Jun, 2014 12:00am
Ijara Sukuk auction on June 25

Ijara Sukuk auction on June 25

The State Bank of Pakistan (SBP) on Wednesday announced that it will conduct Government of Pakistan Ijara Sukuk (GIC) auction on June 25, 2014. Tender for sale of 3-year GIS have been invited by the Director, Domestic Markets & Monetary Management Departm
Published 19 Jun, 2014 12:00am
Ijara Sukuk auction on June 25

Ijara Sukuk auction on June 25

The State Bank of Pakistan (SBP) on Wednesday announced that it will conduct Government of Pakistan Ijara Sukuk (GIC) auction on June 25, 2014. Tender for sale of 3-year GIS have been invited by the Director, Domestic Markets & Monetary Management Departm
Published 19 Jun, 2014 12:00am
NPF of IBI falls to Rs 18.8 billion in Q1CY14

NPF of IBI falls to Rs 18.8 billion in Q1CY14

Non-Performing Financing (NPF) of Islamic Banking Industry (IBB) continued to decrease reaching Rs 18.8 billion at the end of first quarter of this calendar year (CY14). Industry sources told Business Recorder on Wednesday that among asset quality
Published 19 Jun, 2014 12:00am
NPF of IBI falls to Rs 18.8 billion in Q1CY14

NPF of IBI falls to Rs 18.8 billion in Q1CY14

Non-Performing Financing (NPF) of Islamic Banking Industry (IBB) continued to decrease reaching Rs 18.8 billion at the end of first quarter of this calendar year (CY14). Industry sources told Business Recorder on Wednesday that among asset quality
Published 19 Jun, 2014 12:00am
NPF of IBI falls to Rs 18.8 billion in Q1CY14

NPF of IBI falls to Rs 18.8 billion in Q1CY14

Non-Performing Financing (NPF) of Islamic Banking Industry (IBB) continued to decrease reaching Rs 18.8 billion at the end of first quarter of this calendar year (CY14). Industry sources told Business Recorder on Wednesday that among asset quality
Published 19 Jun, 2014 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (June 18, 2014).

Published 19 Jun, 2014 12:00am
Soft drinks maker invests in Pakistan, Egypt, sees big sales growth

Soft drinks maker invests in Pakistan, Egypt, sees big sales growth

Coca-Cola Co expects to start production in five new factories in Egypt and Pakistan over the next 18 months, seeing double-digit percentage growth in sales for both markets this year, its Middle East and North Africa president told Reuters. "Egypt is goi
Published 19 Jun, 2014 12:00am
Soft drinks maker invests in Pakistan, Egypt, sees big sales growth

Soft drinks maker invests in Pakistan, Egypt, sees big sales growth

Coca-Cola Co expects to start production in five new factories in Egypt and Pakistan over the next 18 months, seeing double-digit percentage growth in sales for both markets this year, its Middle East and North Africa president told Reuters. "Egypt is goi
Published 19 Jun, 2014 12:00am
Soft drinks maker invests in Pakistan, Egypt, sees big sales growth

Soft drinks maker invests in Pakistan, Egypt, sees big sales growth

Coca-Cola Co expects to start production in five new factories in Egypt and Pakistan over the next 18 months, seeing double-digit percentage growth in sales for both markets this year, its Middle East and North Africa president told Reuters. "Egypt is goi
Published 19 Jun, 2014 12:00am
Finance Bill amended: restriction on ST input tax adjustment removed

Finance Bill amended: restriction on ST input tax adjustment removed

The Federal Board of Revenue (FBR) has fulfilled a major demand of the business community by withdrawing a budgetary decision pertaining to the restriction on ST input tax adjustment through amended Finance Bill (2014-15). A comparison of the Finance Bill
Published 19 Jun, 2014 12:00am
Finance Bill amended: restriction on ST input tax adjustment removed

Finance Bill amended: restriction on ST input tax adjustment removed

The Federal Board of Revenue (FBR) has fulfilled a major demand of the business community by withdrawing a budgetary decision pertaining to the restriction on ST input tax adjustment through amended Finance Bill (2014-15). A comparison of the Finance Bill
Published 19 Jun, 2014 12:00am
THE RUPEE: steady trend

THE RUPEE: steady trend

The rupee managed to gain against the dollar on the money market on Wednesday in the process of trading, dealers said. The rupee maintained firmness in terms of the dollar, recovering 18-paisa for buying at Rs 98.32 and it also picked up 15-paisa for sell
Published 19 Jun, 2014 12:00am
Finance Bill amended: restriction on ST input tax adjustment removed

Finance Bill amended: restriction on ST input tax adjustment removed

The Federal Board of Revenue (FBR) has fulfilled a major demand of the business community by withdrawing a budgetary decision pertaining to the restriction on ST input tax adjustment through amended Finance Bill (2014-15). A comparison of the Finance Bill
Published 19 Jun, 2014 12:00am
THE RUPEE: steady trend

THE RUPEE: steady trend

The rupee managed to gain against the dollar on the money market on Wednesday in the process of trading, dealers said. The rupee maintained firmness in terms of the dollar, recovering 18-paisa for buying at Rs 98.32 and it also picked up 15-paisa for sell
Published 19 Jun, 2014 12:00am
Twitter restores access to 'blasphemous' content

Twitter restores access to 'blasphemous' content

Twitter has restored access inside Pakistan to dozens of tweets and accounts, after blocking them last month following official complaints about "blasphemous" content, in a move hailed by free speech activists. The microblogging site said it had changed i
Published 19 Jun, 2014 12:00am
Twitter restores access to 'blasphemous' content

Twitter restores access to 'blasphemous' content

Twitter has restored access inside Pakistan to dozens of tweets and accounts, after blocking them last month following official complaints about "blasphemous" content, in a move hailed by free speech activists. The microblogging site said it had changed i
Published 19 Jun, 2014 12:00am
PPP lawmaker for denying shelter to Waziristan IDPs in Sindh

PPP lawmaker for denying shelter to Waziristan IDPs in Sindh

A ruling Pakistan People's Party (PPP) lawmaker on Wednesday asked the provincial government to set forth a 'strict' policy to deny shelter in Sindh to all refuges displaced from North Waziristan in the wake of ongoing military operation. During a debate
Published 19 Jun, 2014 12:00am
Indus Motor Company Limited

Indus Motor Company Limited

The Indus Motor Company (KSE ticker: INDU) was incorporated in 1989 as a joint venture with one of the largest business conglomerates in Pakistan, the House of Habib (HoH), Toyota Motor Corporation (TMC) and Toyota Tsusho Corporation (TTC) of Japan. INDU
Published 19 Jun, 2014 12:00am
Big power drama over Ukraine

Big power drama over Ukraine

In a recent development, Russia has cut the flow of gas to Ukraine after last-ditch talks reportedly failed to resolve a price dispute that threatens to disrupt supplies to Europe. The unfolding events in Ukraine have revived the Cold War era rivalries be
Published 19 Jun, 2014 12:00am
German eurosceptics fan debate over ECB voting rights

German eurosceptics fan debate over ECB voting rights

The enlargement of the eurozone to 19 countries in 2015 has sparked a debate in Germany as to whether Europe's top economy will see its power curbed within the European Central Bank. The eurosceptic AfD party, but also leading right-wing politicians and e
Published 19 Jun, 2014 12:00am
Federal Budget 2014-15: A review

Federal Budget 2014-15: A review

The annual budget, being a document presenting not only a balance sheet of the central government but also an indicator of its economic policies and priorities, may be gauged considering three Ps: the Performance of the economy during the outgoing fiscal
Published 19 Jun, 2014 12:00am
Rankings

Rankings

Lately, enthusiasm over indices and ranking has mushroomed significantly, which perhaps, on the face of it, is justifiable; perceptions matter and good news should definitely be broadcast loudly. The inherent risk in creating such hype, however, is that p
Published 19 Jun, 2014 12:00am
The Lahore killings

The Lahore killings

In Pre-partition India, police forces of two Indian states - Punjab and Bihar - were notoriously known for their brutality. The post-Partition two Punjabs and Bihar still live up to their reputation with shameful aplomb. What happened in the Model Town ne
Published 19 Jun, 2014 12:00am
Senate and the budget

Senate and the budget

The Senate had proposed around 130 amendments to the budget for 2014-15 presented in the National Assembly on June 3. These proposals fall mainly into three major categories: one that violates the constitution, others that can be supported, and still othe
Published 19 Jun, 2014 12:00am
Punjab Assembly passes resolution in support of army operation

Punjab Assembly passes resolution in support of army operation

Punjab Assembly here on Wednesday passed a resolution in support of army operation in North Waziristan stating that nation stood by armed forces and prayed for their success. Law Minister Rana Sanaullah tabled the resolution. The session was chaired by Ra
Published 19 Jun, 2014 12:00am
NWA operation a unilateral decision of government: JI Ameer

NWA operation a unilateral decision of government: JI Ameer

Jamaat-i-Islami central Chief Siraj-ul-Haq while terming the government decision to launch military operation in North Waziristan Agency as 'unilaterally', saying the incumbent PML-Nawaz led government will be responsible for the repercussions alone.
Published 19 Jun, 2014 12:00am
High-level meeting reviews arrangements for IDPs

High-level meeting reviews arrangements for IDPs

A high level meeting jointly chaired by the Khyber Pakhtunkhwa Governor, Sardar Mahtab Ahmad Khan and the Federal Minister for States and Frontier Regions, Lieutenant General, Abdul Qadir Baloch (Retd) at Governor's House, Peshawar on Wednesday reviewed t
Published 19 Jun, 2014 12:00am
Around 72 alleged criminals held during 24 hours

Around 72 alleged criminals held during 24 hours

Police on Wednesday claimed to have arrested around 72 alleged criminals in different targeted raids and encounters conducted at various parts of the metropolis during last 24 hours. According to police, they have conducted some 77 targeted raids and seve
Published 19 Jun, 2014 12:00am
IPPs circular debt touches Rs 210 billion mark

IPPs circular debt touches Rs 210 billion mark

Circular debt, amounting to Rs 210billion, was required to be settled down to ensure Independent Power Producers' (IPPs) optimal generation and to end energy crisis in the country, said Hub Power Company's Chief Executive Officer, Khalid Mansoor. At a cor
Published 19 Jun, 2014 12:00am
Food ministry voices concern over rising prices of potatoes

Food ministry voices concern over rising prices of potatoes

Ministry of National Food, Security and Research, has reportedly voiced concern that the price of potatoes may cross Rs 100 per kg during Ramazan due to exploitation of demand supply situation by hoarders to earn windfall profit, it was learnt.
Published 19 Jun, 2014 12:00am
TDAP plans second edition of Lifestyle Pakistan exhibition in New Delhi

TDAP plans second edition of Lifestyle Pakistan exhibition in New Delhi

After the great success of the first edition of Lifestyle Pakistan Exhibition in 2012; Trade Development Authority of Pakistan (TDAP) with the support of Pakistan High Commission in New Delhi is organising the second edition of Lifestyle Pakistan titled "
Published 19 Jun, 2014 12:00am
Sindh Cabinet fully endorses operation 'Zarb-e-Azb'

Sindh Cabinet fully endorses operation 'Zarb-e-Azb'

The Sindh Cabinet which met here with Chief Minister Syed Qaim Ali Shah in the chair at CM House has fully endorsed the ongoing military operation "Zarb-e-Azb" launched by the Pakistan Army against militants in North Waziristan. The Cabinet expecting reta
Published 19 Jun, 2014 12:00am