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Dec 05, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-07-04
Input-output ratios: Manufacturers told to obtain IOCO nod

Input-output ratios: Manufacturers told to obtain IOCO nod

The manufacturers of 19 goods availing zero-rating facility have been restricted to obtain clearance from the Input-Output Co-efficient Organisation (IOCO) for determination of input-output ratios and input requirements of finished products.
Published 04 Jul, 2014 12:00am
Web of mines slows offensive against Taliban

Web of mines slows offensive against Taliban

A web of mines created by Islamist militants has slowed down the military's efforts to retake a key town from Taliban insurgents, officials said Thursday. It was the first act of resistance that troops have encountered since they began an offensive to eli
Published 04 Jul, 2014 12:00am
Special delegation visits Bannu to meet IDPs

Special delegation visits Bannu to meet IDPs

A special delegation comprising Special Assistant to Chief Minister for Social Welfare and Women Empowerment Dr Mehr Taj, Chairperson Provincial Commission on the Status of Women (PCSW) Neelum Toru, Amna Durrani Co-ordination Officer, KP PCSW and Director
Published 04 Jul, 2014 12:00am
CBM collects 93 percent of tax target

CBM collects 93 percent of tax target

The Cantonment Board Multan collected over Rs 140 million against set target of over Rs 150 million for fiscal year 2013-14 which amounts to 93 percent of the target. An official source told this news agency on Thursday that CBM collected 73 percent in pr
Published 04 Jul, 2014 12:00am
UHS research board considers MPhil theses

UHS research board considers MPhil theses

The 91st meeting of Advanced Studies and Research Board of the University of Health Sciences (UHS) was held here on Thursday with Vice Chancellor Major General Professor Muhammad Aslam (Retd) in the chair.
Published 04 Jul, 2014 12:00am
Elahi seeks Shahbaz's resignation over Model Town tragedy

Elahi seeks Shahbaz's resignation over Model Town tragedy

Pakistan Muslim League-Q (PML-Q) senior central leader and former Deputy Prime Minister Chaudhry Parvez Elahi has said Shahbaz Sharif has proved a liar on the basis of his Principal Secretary's statement in the Model Town tragedy, hence, he should have mo
Published 04 Jul, 2014 12:00am
Full Court meeting reviews SC's performance

Full Court meeting reviews SC's performance

A Full Court meeting was held on Thursday at the Supreme Court of Pakistan, under the Chairmanship of Chief Justice of Pakistan Justice Tassaduq Hussain Jillani. The meeting was attended by Justice Nasir-ul-Mulk, Justice Jawwad S. Khawaja, Justice Anwar Z
Published 04 Jul, 2014 12:00am
Five proclaimed offenders held

Five proclaimed offenders held

The Capital police claimed to have arrested five proclaimed offenders, wanted in various cases of murder and family disputes. A police official said Farzand Ali was assassinated on March 29, 2013 and Muhammad Ramzan and his mother were injured by unknown
Published 04 Jul, 2014 12:00am
SRB collects Rs 42.485 billion in fiscal year 2013-14

SRB collects Rs 42.485 billion in fiscal year 2013-14

Sindh Revenue Board (SRB) achieved another milestone by collecting Sindh sales tax of Rs 42.485 billion during the financial year 2013-14, which includes the figure of Rs 3.089 billion of Sindh sales tax which was inadvertently and incorrectly deposited b
Published 04 Jul, 2014 12:00am
Gems export declines by 72 percent: PBS

Gems export declines by 72 percent: PBS

Export of jewellery plunged by 72 percent to 324.253 million dollars during July 2013 to May 2014, according to official figures. Jewellery export fell by 833.747 million dollars from July 2013 to May 2014 from 1.158 billion dollars in the same period of
Published 04 Jul, 2014 12:00am
Debt servicing: foreign reserves decline by $273 million: SBP

Debt servicing: foreign reserves decline by $273 million: SBP

Pakistan's liquid foreign reserves fell by 273 million dollars to reach below 14 billion dollars during the last week because of debt servicing. The State Bank of Pakistan (SBP) on Thursday reported that the country's total foreign reserves declined to 13
Published 04 Jul, 2014 12:00am
Mobile phones' import up by 4 percent: PBS

Mobile phones' import up by 4 percent: PBS

The country's import of mobile phones has increased by four percent to 564.296 million dollars from July 2013 to May 2014, Pakistan Bureau of Statistics (PBS) report said. The import of mobile phones recorded an increase of 19.028 million dollars from Jul
Published 04 Jul, 2014 12:00am
Fight against terrorism: UK supports Pakistan's efforts, Dar told

Fight against terrorism: UK supports Pakistan's efforts, Dar told

British High Commissioner to Pakistan Philip Barton, called on Federal Minister for Finance, Senator Mohammad Ishaq Dar at the Finance Ministry here on Thursday. The High Commissioner discussed matters of mutual interest with the Finance Minister. He appr
Published 04 Jul, 2014 12:00am
Profiteers, hoarders: KCCI chief asks government to take stern action

Profiteers, hoarders: KCCI chief asks government to take stern action

Voicing serious concern over sky-rocketing prices of almost all essential commodities in Ramazan, President of Karachi Chamber of Commerce and Industry (KCCI), Abdullah Zaki, urged Sindh government and Karachi Municipal Corporation to take stern action ag
Published 04 Jul, 2014 12:00am
Security woes hit PIA

Security woes hit PIA

Country's embattled flag-carrier is struggling to hire planes and crew, a PIA spokesman said Thursday, following deadly incidents at two of the country's airports. Pakistan International Airlines (PIA) inducted two Airbus A320s into its fleet earlier this
Published 04 Jul, 2014 12:00am
Post-arrest bail plea: SHC seeks prosecutor general's reply by July 11

Post-arrest bail plea: SHC seeks prosecutor general's reply by July 11

The Sindh High Court (SHC) on Thursday issued a notice to prosecutor general Sindh, asking him to file reply on an application of District and Sessions Judge seeking post-arrest bail in a murder of Aqib Shahani, son of his fellow judge. Aqib Shahani, son
Published 04 Jul, 2014 12:00am
Credibility of Sethi's claim challenged

Credibility of Sethi's claim challenged

Although Pakistan Cricket Board (PCB) chairman Najam Sethi had claimed that he is not paid by PCB, Transparency International Pakistan has received a complaint that PCB has paid Rs 2,698,841/- to him. Chairman, Transparency International Pakistan, Sohail
Published 04 Jul, 2014 12:00am
FCCI team's Turkey visit termed successful

FCCI team's Turkey visit termed successful

FCCI delegation visit to Turkey was a total success and as a result a delegation of Istanbul Chamber of Commerce will visit FCCI in the near future while FCCI was also planning three delegations to various countries during the month of August 2014, said E
Published 04 Jul, 2014 12:00am
Lahore killings: Tribunal expresses dissatisfaction over JIT report

Lahore killings: Tribunal expresses dissatisfaction over JIT report

The tribunal holding an inquiry into the Minhajul Quran secretariat killings here on Thursday expressed its serious dissatisfaction over an interim investigation report of a Joint Investigation Team (JIT). The tribunal headed by Justice Ali Baqar Najafi o
Published 04 Jul, 2014 12:00am
Concrete steps needed to control dengue at town level

Concrete steps needed to control dengue at town level

Advisor to Chief Minister Punjab on Health Khawaja Salman Rafiq has directed all departments concerned to take effective measures for dengue control at town level. He said intense dengue surveillance is required to check the dengue breeding during monsoon
Published 04 Jul, 2014 12:00am
Power generation: PTEA demands additional supply of 200 MMCFD gas

Power generation: PTEA demands additional supply of 200 MMCFD gas

Criticising the massive power load shedding and expressing extreme concerns over the rising electricity shortfall, Pakistan Textile Exporters Association (PTEA) has urged the government to supply additional 200 MMCFD gas to Punjab-based textile industry f
Published 04 Jul, 2014 12:00am
Power shortfall may rise again next week

Power shortfall may rise again next week

Power shortfall is likely to surge against by next week when temperature would be on the higher end due to end of cloudy spell. It may be noted that power shortfall had reduced to 3000MW early this week with drop in mercury. The current week has also witn
Published 04 Jul, 2014 12:00am
'Need to create awareness regarding increasing population'

'Need to create awareness regarding increasing population'

Punjab Finance Minister Mujtaba Shuja-ur-Rehman has said that it is the dire need to create awareness among people regarding the rapidly increasing population. He said the Punjab government has increased the health budget to ensured modern health faciliti
Published 04 Jul, 2014 12:00am
KP to launch first mines and minerals policy on July 7

KP to launch first mines and minerals policy on July 7

The Khyber Pakhtunkhwa government has prepared its first Mines and Minerals policy, which will be launched on July 07, in Peshawar. PTI Chairman Imran Khan will be the chief guest of the inaugural ceremony. Provincial Minster Mineral Development, Ziaullah
Published 04 Jul, 2014 12:00am
CM Punjab orders crackdown against hoarders, profiteers

CM Punjab orders crackdown against hoarders, profiteers

Punjab Chief Minister Muhammad Shahbaz Sharif ordered a crackdown against hoarders and profiteers and said that immediate measures be taken for bringing out the hoarded items from godowns. He said the common man will not be left at the mercy of hoarders a
Published 04 Jul, 2014 12:00am
Allowance to court employees: LHC seeks submission of payment schedule

Allowance to court employees: LHC seeks submission of payment schedule

"The government has decided to grant 50 percent increase in judicial allowance to the employees of the court." This was told to the Lahore High Court's Finance Secretary Punjab in a petition filed by LHC employees against delay in provision of the increas
Published 04 Jul, 2014 12:00am
Woman among three killed in Takht Bhai violence

Woman among three killed in Takht Bhai violence

At least three persons including woman were killed in separate incidents of violence in different localities of Takht Bhai on Thursday. Police said that unknown armed men gunned down a labourer Alamgeer Khan in Nako Kaley area and dumping his body in near
Published 04 Jul, 2014 12:00am
Passage of anti-terror bill: Altaf says he wasn't consulted by party

Passage of anti-terror bill: Altaf says he wasn't consulted by party

Muttahida Qaumi Movement (MQM) Chief Altaf Hussain has said that he was not consulted by the party leadership in Pakistan over the Protection of Pakistan Bill 2014 in the Parliament, adding that the law is against fundamental human rights. Talking to jour
Published 04 Jul, 2014 12:00am
Sindh chief minister speaks to industrialists

Sindh chief minister speaks to industrialists

Sindh Chief Minister Sindh Syed Qaim Ali Shah has assured the industrialists, investors and business community of resolving their problems, providing full security, incentives and infrastructure facilities to ensure development and prosperity of the peopl
Published 04 Jul, 2014 12:00am
Foreign airlines to resume Peshawar flights from today

Foreign airlines to resume Peshawar flights from today

All foreign airlines, which had suspended their operations at Bacha Khan International Airport, Peshawar, following a firing incident, will now resume their operations from Friday (today). According to reports, the international flights, however, will ope
Published 04 Jul, 2014 12:00am
Ramazan model bazaars: DC for further improvement to provide more relief

Ramazan model bazaars: DC for further improvement to provide more relief

During his visit to Ramazan model bazaar, Jhang Road on Thursday, the Divisional Commissioner Sardar Akram Javed expressed his satisfaction over the general arrangements for the public and directed for further improvement for providing every possible econ
Published 04 Jul, 2014 12:00am
Qaim meets Fehmida Mirza

Qaim meets Fehmida Mirza

Sindh Chief Minister Syed Qaim Ali Shah visited the residence of Ex- Speaker National Assembly and MNA Dr Fahmida Mirza here on Thursday. He discussed various issues of mutual interest with her, Dr Zulfiqar Mirza her spouse and son MPA Hasnain Mirza.
Published 04 Jul, 2014 12:00am
Absence of Railways officials irks visitors

Absence of Railways officials irks visitors

Officials of Pakistan Railways, instead of facilitating their subordinates and general public, are often found having informal chats in their offices. During a visit to the City Station on Thursday, this correspondent noted that majority of high ranking o
Published 04 Jul, 2014 12:00am
KP Police chief reshuffles two SPs, one DSP

KP Police chief reshuffles two SPs, one DSP

Inspector General of Police Khyber Pakhtunkhwa Nasir Khan Durrani has ordered transfers and postings of two SPs and one DSP in the province. According to a notification issued from CPO on Thursday, DPO Tor Ghar Iftikhar-ud-Din has been transferred on the
Published 04 Jul, 2014 12:00am
Meeting discusses amendments to Ogra ordinance

Meeting discusses amendments to Ogra ordinance

A meeting regarding proposed amendments of OGRA ordinance was held with Zahid Hamid, Federal Minister for Science & Technology, in the chair here on Thursday. The meeting was attended by Saeed Ahmad Khan, Chairman OGRA, senior officers of Ministry of Petr
Published 04 Jul, 2014 12:00am
New tax return form: experts say documentation measures ignored

New tax return form: experts say documentation measures ignored

The newly-introduced tax return form for Tax Year 2014 has not been able to grasp the documentation measures taken by the government through Finance Act, 2013. Experts told Business Recorder on Thursday that tax return form is unable to cater for t
Published 04 Jul, 2014 12:00am
APCNGA rejects new schedule of 72-hour monthly gas supply

APCNGA rejects new schedule of 72-hour monthly gas supply

The All-Pakistan CNG Association (APCNGA) on Thursday rejected the new schedule of 72 hours per month supply of natural gas to CNG outlets across Punjab and termed the move `a conspiracy to ruin the sector'. Speaking at a press conference, representatives
Published 04 Jul, 2014 12:00am
CJP opens Supreme Court Museum

CJP opens Supreme Court Museum

Chief Justice of Pakistan Justice Tassaduq Hussain Jillani inaugurated the Supreme Court Museum established here at the Supreme Court on Thursday. The Chief Justice along with other judges also visited the museum wherein belongings of retired judges were
Published 04 Jul, 2014 12:00am
Appointment of HEC Chairman: IHC seeks reply from federal government

Appointment of HEC Chairman: IHC seeks reply from federal government

Justice Shaukat Aziz Siddiqui of Islamabad High Court (IHC) on Thursday directed the federal government to submit reply within 15 days in four identical petitions challenging the appointment of Dr Mukhtar Ahmad as chairman of the Higher Education Commissi
Published 04 Jul, 2014 12:00am
ASF's vacated posts: Prime Minister approves recruitment

ASF's vacated posts: Prime Minister approves recruitment

Prime Minister Muhammad Nawaz Sharif on Thursday gave approval to the Aviation Division to recruit Assistant Sub-Inspectors (ASIs) of Police and Constables of Airport Security Force (ASF) on 540 vacant posts. Prime Minister directed the Aviation Division
Published 04 Jul, 2014 12:00am
Arsalan Iftikhar resigns as BIB vice chairman

Arsalan Iftikhar resigns as BIB vice chairman

Arsalan Iftikhar has voluntarily stepped down from the position of Vice Chairman, Board of Investment Balochistan (BIB). The son of former Chief Justice of Pakistan Iftikhar Muhammad Chaudhry forwarded his resignation to Chief Minister Balochistan, Abdul
Published 04 Jul, 2014 12:00am
Irsa releases 390,000 cusecs of water into canal network

Irsa releases 390,000 cusecs of water into canal network

As the sowing/growing of Kharif cash crops is in full swing , the Indus River System Authority(Irsa) released 3,90,000 cusecs of water into the countrywide irrigation canal network , Wapda water manager told Business Recorder, here on Thursday. The
Published 04 Jul, 2014 12:00am
Two bodies recovered in Panjgur

Two bodies recovered in Panjgur

Bullet riddled bodies of two unknown persons were recovered here on Thursday. The local people pointed out presence of two dead bodies in Tasp area of Panjgur, after which police reached the scene. The bodies were shifted to District Hospital for medico-l
Published 04 Jul, 2014 12:00am
Six bullet-riddled bodies found in NWA

Six bullet-riddled bodies found in NWA

Six bodies of unidentified persons riddled with bullets were found dumped at a roadside in Tehsil Mir Ali's village, first time after the launch of operation Zarb-e-Azb here on Thursday. The dead bodies were shifted to a hospital for post-mortem where the
Published 04 Jul, 2014 12:00am
Man gunned down in Liaqatabad

Man gunned down in Liaqatabad

Unknown attackers shot and killed a man in Liaqatabad area, here on Thursday. According to police and rescue sources, unidentified persons gunned down a man, Adnan, in Liaqatabad near Sindhi Hotel in the remits of Liaqatabad police station. The body was s
Published 04 Jul, 2014 12:00am
Money laundering case: two Pakistani origin persons indicted in London

Money laundering case: two Pakistani origin persons indicted in London

The British court has indicted two Pakistani origin persons in the charges of money laundering case. According to police sources, two accused named Syed Anwar and Syed Alam were arrested on December four years ago in the charges of millions of pounds mone
Published 04 Jul, 2014 12:00am
The IDP challenge and government response

The IDP challenge and government response

Apropos to an oped, 'Response to IDPs', carried by Business Recorder on Monday, the writer has presented an objective analysis of the situation. She has made a very significant point in relation to government's response to the IDPs by stating that
Published 04 Jul, 2014 12:00am
The Weather

The Weather

The weather report on Thursday (July 03, 2014) and the forecast for Friday (July 04, 2014).

Published 04 Jul, 2014 12:00am
More people, less water mean rising food imports for Egypt

More people, less water mean rising food imports for Egypt

In the north-west corner of the Nile Delta, Ibrahim Sharaf Al-Dein fires up his diesel-powered pump next to a murky canal only to watch it spew out a yellowish froth. For the past 15 years, antiquated irrigation systems and a government conservation drive
Published 04 Jul, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (July 03, 2014).

Published 04 Jul, 2014 12:00am
Bandwidth and microfinance

Bandwidth and microfinance

Upfront, this article is not about the telecom sector, the internet or the likes, or for that matter on grey traffic; which frankly is one of the biggest mysteries this side of the subcontinent, and which for some unfathomable reason refuses to go away. C
Published 04 Jul, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (July 03, 2014).

Published 04 Jul, 2014 12:00am
The FBR figures

The FBR figures

At the close of fiscal year 2013-14, the Federal Board of Revenue (FBR) once again proved that it can go to any extent to show inflated collection figures knowing that there is no authority in the country that can punish it for such unlawful acts. The per
Published 04 Jul, 2014 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 04 Jul, 2014 12:00am
A colossal failure

A colossal failure

We in Pakistan and other fellow South Asian countries, may produce excellent orators, utopian political thinkers and great historians, but we are poorly educated and not even semi-skilled, to effectively take up cudgels with harsh realities of our times.
Published 04 Jul, 2014 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 04 Jul, 2014 12:00am
Opec's monopoly under threat

Opec's monopoly under threat

The recent decision of the US government, to allow export of what is being referred to as "condensates", has all the ingredients of a "game changer" in the international oil market. The permission was given to Pioneer Natural Resources Co and Enterprise P
Published 04 Jul, 2014 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (July 03, 2014).

Published 04 Jul, 2014 12:00am
Scientists find how magic mushrooms alter the mind

Scientists find how magic mushrooms alter the mind

Scientists studying the effects of the psychedelic chemical in magic mushrooms have found the human brain displays a similar pattern of activity during dreams as it does during a mind-expanding drug trip. Psychedelic drugs such as LSD and magic mushrooms
Published 04 Jul, 2014 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Thursday (July 03, 2014) and for Friday (July 04, 2014).
Published 04 Jul, 2014 12:00am
Textile exports witness 5.96 percent rise in July-May

Textile exports witness 5.96 percent rise in July-May

Textile exports witnessed an increase of 5.96 percent in July-May 2014 as compared to the same period of previous year; however representatives of the textile sector termed the increase a usual phenomenon. Textile Industry Ministry officials argued that t
Published 04 Jul, 2014 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (July 03, 2014).

Published 04 Jul, 2014 12:00am
Textile exports witness 5.96 percent rise in July-May

Textile exports witness 5.96 percent rise in July-May

Textile exports witnessed an increase of 5.96 percent in July-May 2014 as compared to the same period of previous year; however representatives of the textile sector termed the increase a usual phenomenon. Textile Industry Ministry officials argued that t
Published 04 Jul, 2014 12:00am
Textile exports witness 5.96 percent rise in July-May

Textile exports witness 5.96 percent rise in July-May

Textile exports witnessed an increase of 5.96 percent in July-May 2014 as compared to the same period of previous year; however representatives of the textile sector termed the increase a usual phenomenon. Textile Industry Ministry officials argued that t
Published 04 Jul, 2014 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Thursday (July 03, 2014).

Published 04 Jul, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (July 03, 2014).

Published 04 Jul, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (July 03, 2014).

Published 04 Jul, 2014 12:00am
THE RUPEE: rising trend

THE RUPEE: rising trend

The rupee appreciated against the dollar on the money market on Thursday following the decision by the State Bank of Pakistan, in which it had taken decision to permit export of all currencies, dealers said. The SBP has allowed export of dollars and other
Published 04 Jul, 2014 12:00am
Acting CEC: CJP administers oath to Justice Jamali

Acting CEC: CJP administers oath to Justice Jamali

Justice Tassaduq Hussain Jillani, Chief Justice of Pakistan administered the oath of the office to Justice Anwar Zaheer Jamali, Judge, Supreme Court of Pakistan, as Acting Chief Election Commissioner of Pakistan at a simple but dignified ceremony. Judges
Published 04 Jul, 2014 12:00am
THE RUPEE: rising trend

THE RUPEE: rising trend

The rupee appreciated against the dollar on the money market on Thursday following the decision by the State Bank of Pakistan, in which it had taken decision to permit export of all currencies, dealers said. The SBP has allowed export of dollars and other
Published 04 Jul, 2014 12:00am
Acting CEC: CJP administers oath to Justice Jamali

Acting CEC: CJP administers oath to Justice Jamali

Justice Tassaduq Hussain Jillani, Chief Justice of Pakistan administered the oath of the office to Justice Anwar Zaheer Jamali, Judge, Supreme Court of Pakistan, as Acting Chief Election Commissioner of Pakistan at a simple but dignified ceremony. Judges
Published 04 Jul, 2014 12:00am
Curfew imposed after two killed in Myanmar riots

Curfew imposed after two killed in Myanmar riots

Myanmar's second-largest city was put under curfew on Thursday after two people were killed in the latest outbreak of Buddhist-Muslim violence to convulse the former junta-ruled nation. Dozens of armed police were seen patrolling the tense streets of Mand
Published 04 Jul, 2014 12:00am
Curfew imposed after two killed in Myanmar riots

Curfew imposed after two killed in Myanmar riots

Myanmar's second-largest city was put under curfew on Thursday after two people were killed in the latest outbreak of Buddhist-Muslim violence to convulse the former junta-ruled nation. Dozens of armed police were seen patrolling the tense streets of Mand
Published 04 Jul, 2014 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (July 03, 2014).

Published 04 Jul, 2014 12:00am
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