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Print - 2014-07-04
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
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
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
Kurds seek independence vote amid Iraq 'chaos'

Kurds seek independence vote amid Iraq 'chaos'

Iraq's Kurds set the ball rolling Thursday for a referendum on their long-held dream of independence, ignoring calls for the nation to unite against rampant jihadists or face "Syria-like chaos". Prime Minister Nuri al-Maliki, meanwhile, broadened an amnes
Published 04 Jul, 2014 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (July 03, 2014).

Published 04 Jul, 2014 12:00am
Immovable properties: FBR for early issuance of taxpayer cards

Immovable properties: FBR for early issuance of taxpayer cards

Federal Board of Revenue (FBR) has approached National and Database Registration Authority (NADRA) for early issuance of Taxpayer Cards to compliant taxpayers for imposition of a 2 percent withholding tax on purchase of immovable properties by non-filers
Published 04 Jul, 2014 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (July 03, 2014).

Published 04 Jul, 2014 12:00am
Immovable properties: FBR for early issuance of taxpayer cards

Immovable properties: FBR for early issuance of taxpayer cards

Federal Board of Revenue (FBR) has approached National and Database Registration Authority (NADRA) for early issuance of Taxpayer Cards to compliant taxpayers for imposition of a 2 percent withholding tax on purchase of immovable properties by non-filers
Published 04 Jul, 2014 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (July 03, 2014).

Published 04 Jul, 2014 12:00am
Immovable properties: FBR for early issuance of taxpayer cards

Immovable properties: FBR for early issuance of taxpayer cards

Federal Board of Revenue (FBR) has approached National and Database Registration Authority (NADRA) for early issuance of Taxpayer Cards to compliant taxpayers for imposition of a 2 percent withholding tax on purchase of immovable properties by non-filers
Published 04 Jul, 2014 12:00am
Dow tops 17,000 for first time; S&P 500 near 2,000

Dow tops 17,000 for first time; S&P 500 near 2,000

Wall Street's holiday-shortened session ended with multiple records on Thursday, with the Dow topping 17,000 for the first time after the June jobs report came in much stronger than expected. Both the Dow and S&P 500 ended at their third consecutive recor
Published 04 Jul, 2014 12:00am
Dow tops 17,000 for first time; S&P 500 near 2,000

Dow tops 17,000 for first time; S&P 500 near 2,000

Wall Street's holiday-shortened session ended with multiple records on Thursday, with the Dow topping 17,000 for the first time after the June jobs report came in much stronger than expected. Both the Dow and S&P 500 ended at their third consecutive recor
Published 04 Jul, 2014 12:00am
Dow tops 17,000 for first time; S&P 500 near 2,000

Dow tops 17,000 for first time; S&P 500 near 2,000

Wall Street''s holiday-shortened session ended with multiple records on Thursday, with the Dow topping 17,000 for the first time after the June jobs report came in much stronger than expected. Both the Dow and S&P 500 ended at their third consecutive reco
Published 04 Jul, 2014 12:00am
Afghan defence team visits GHQ

Afghan defence team visits GHQ

An eight-member Afghan military delegation led by Major-General Afzal Aman, Director General Military Operation (DGMO) with representatives from the Afghan National Security Council (NSC), Afghan military intelligence and border police arrived at General
Published 04 Jul, 2014 12:00am
Afghan defence team visits GHQ

Afghan defence team visits GHQ

An eight-member Afghan military delegation led by Major-General Afzal Aman, Director General Military Operation (DGMO) with representatives from the Afghan National Security Council (NSC), Afghan military intelligence and border police arrived at General
Published 04 Jul, 2014 12:00am
Surveillance by NSA: government lodges protest with US

Surveillance by NSA: government lodges protest with US

Pakistan on Thursday lodged a protest with United States on reported surveillance by National Security Agency (NSA) of its institutions, a political party and individuals, describing the move as contrary to the spirit of friendly relations between the two
Published 04 Jul, 2014 12:00am
Surveillance by NSA: government lodges protest with US

Surveillance by NSA: government lodges protest with US

Pakistan on Thursday lodged a protest with United States on reported surveillance by National Security Agency (NSA) of its institutions, a political party and individuals, describing the move as contrary to the spirit of friendly relations between the two
Published 04 Jul, 2014 12:00am
Rs 259.35 billion approved for Sukkur-Multan section of KLM

Rs 259.35 billion approved for Sukkur-Multan section of KLM

Executive Committee of National Economic Council chaired by the Finance Minister Ishaq Dar has approved 12 projects worth Rs 440 billion, including Rs 259.353 billion for the construction of Sukkur-Multan section of Karachi-Lahore Motorway (KLM). An offic
Published 04 Jul, 2014 12:00am
Rs 259.35 billion approved for Sukkur-Multan section of KLM

Rs 259.35 billion approved for Sukkur-Multan section of KLM

Executive Committee of National Economic Council chaired by the Finance Minister Ishaq Dar has approved 12 projects worth Rs 440 billion, including Rs 259.353 billion for the construction of Sukkur-Multan section of Karachi-Lahore Motorway (KLM). An offic
Published 04 Jul, 2014 12:00am
Rs 259.35 billion approved for Sukkur-Multan section of KLM

Rs 259.35 billion approved for Sukkur-Multan section of KLM

Executive Committee of National Economic Council chaired by the Finance Minister Ishaq Dar has approved 12 projects worth Rs 440 billion, including Rs 259.353 billion for the construction of Sukkur-Multan section of Karachi-Lahore Motorway (KLM). An offic
Published 04 Jul, 2014 12:00am
Steps will push inflation up, but money-printing still possible: ECB

Steps will push inflation up, but money-printing still possible: ECB

A raft of policy measures introduced last month will help lift inflation and support bank lending but the European Central Bank stands ready to create money in future if required, President Mario Draghi said on Thursday. The ECB left interest rates steady
Published 04 Jul, 2014 12:00am
Steps will push inflation up, but money-printing still possible: ECB

Steps will push inflation up, but money-printing still possible: ECB

A raft of policy measures introduced last month will help lift inflation and support bank lending but the European Central Bank stands ready to create money in future if required, President Mario Draghi said on Thursday. The ECB left interest rates steady
Published 04 Jul, 2014 12:00am
Steps will push inflation up, but money-printing still possible: ECB

Steps will push inflation up, but money-printing still possible: ECB

A raft of policy measures introduced last month will help lift inflation and support bank lending but the European Central Bank stands ready to create money in future if required, President Mario Draghi said on Thursday. The ECB left interest rates steady
Published 04 Jul, 2014 12:00am
Steps will push inflation up, but money-printing still possible: ECB

Steps will push inflation up, but money-printing still possible: ECB

A raft of policy measures introduced last month will help lift inflation and support bank lending but the European Central Bank stands ready to create money in future if required, President Mario Draghi said on Thursday. The ECB left interest rates steady
Published 04 Jul, 2014 12:00am
Index gains 21 points

Index gains 21 points

Stocks closed higher on the back of strong earnings outlook Thursday. The benchmark KSE-100 index gained 21 points or 0.07 percent to close at 29,698 points. Samar Iqbal, AVP at Topline Securities, said that a rangebound session was witnessed with activit
Published 04 Jul, 2014 12:00am
Index gains 21 points

Index gains 21 points

Stocks closed higher on the back of strong earnings outlook Thursday. The benchmark KSE-100 index gained 21 points or 0.07 percent to close at 29,698 points. Samar Iqbal, AVP at Topline Securities, said that a rangebound session was witnessed with activit
Published 04 Jul, 2014 12:00am
Index gains 21 points

Index gains 21 points

Stocks closed higher on the back of strong earnings outlook Thursday. The benchmark KSE-100 index gained 21 points or 0.07 percent to close at 29,698 points. Samar Iqbal, AVP at Topline Securities, said that a rangebound session was witnessed with activit
Published 04 Jul, 2014 12:00am
BRIndex30 sheds 13.22 points

BRIndex30 sheds 13.22 points

On Thursday, BRIndex30 opened at 16,755.18. It touched an intraday high of 16,811.18 and an intraday low of 16,710.08 and closed at 16,741.96, which was -13.22 points or -0.08 percent lower than previous close. Total volume was 38,848,400, which was 53.18
Published 04 Jul, 2014 12:00am
BRIndex30 sheds 13.22 points

BRIndex30 sheds 13.22 points

On Thursday, BRIndex30 opened at 16,755.18. It touched an intraday high of 16,811.18 and an intraday low of 16,710.08 and closed at 16,741.96, which was -13.22 points or -0.08 percent lower than previous close. Total volume was 38,848,400, which was 53.18
Published 04 Jul, 2014 12:00am
LSE index loses 7.35 points

LSE index loses 7.35 points

Bearish sentiments continued to prevail for another day on the Lahore Stock Exchange on Thursday and the equities registered losses amid sluggish trading trend, as investors remained on the sidelines. The LSE-25 index shed 7.35 points to close at 5596.80
Published 04 Jul, 2014 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 04 Jul, 2014 12:00am
LSE index loses 7.35 points

LSE index loses 7.35 points

Bearish sentiments continued to prevail for another day on the Lahore Stock Exchange on Thursday and the equities registered losses amid sluggish trading trend, as investors remained on the sidelines. The LSE-25 index shed 7.35 points to close at 5596.80
Published 04 Jul, 2014 12:00am
ISE index down by 10.16 points

ISE index down by 10.16 points

Bears retuned in the driving seat at the Islamabad Stock Exchange (ISE) on Thursday, where losers outclassed gainers amid decrease in index. ISE Ten Index showed a decrease of 10.16 points as the ISE Ten Index moved from 4,592.69 to 4,582.53 points. The o
Published 04 Jul, 2014 12:00am
ISE index down by 10.16 points

ISE index down by 10.16 points

Bears retuned in the driving seat at the Islamabad Stock Exchange (ISE) on Thursday, where losers outclassed gainers amid decrease in index. ISE Ten Index showed a decrease of 10.16 points as the ISE Ten Index moved from 4,592.69 to 4,582.53 points. The o
Published 04 Jul, 2014 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 04 Jul, 2014 12:00am
Airport security ramped up over US bomb fears

Airport security ramped up over US bomb fears

US-bound travellers from Europe and the Middle East faced tighter airport security Thursday due to fears that Muslim extremists are developing new explosives that could be slipped onto planes undetected. The stepped-up security checks were ordered as the
Published 04 Jul, 2014 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 04 Jul, 2014 12:00am
Airport security ramped up over US bomb fears

Airport security ramped up over US bomb fears

US-bound travellers from Europe and the Middle East faced tighter airport security Thursday due to fears that Muslim extremists are developing new explosives that could be slipped onto planes undetected. The stepped-up security checks were ordered as the
Published 04 Jul, 2014 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 04 Jul, 2014 12:00am
MQM invites Musharraf to attend Solidarity Rally

MQM invites Musharraf to attend Solidarity Rally

A delegation of Muttahida Qaumi Movement (MQM) headed by Senator Babar Ghouri on Thursday called on former president General Pervez Musharraf and invited him to attend MQM's rally scheduled for July 6 to show solidarity with Pakistan Army, a private TV ch
Published 04 Jul, 2014 12:00am
MQM invites Musharraf to attend Solidarity Rally

MQM invites Musharraf to attend Solidarity Rally

A delegation of Muttahida Qaumi Movement (MQM) headed by Senator Babar Ghouri on Thursday called on former president General Pervez Musharraf and invited him to attend MQM's rally scheduled for July 6 to show solidarity with Pakistan Army, a private TV ch
Published 04 Jul, 2014 12:00am
Taliban rocket destroys Karzai's helicopter

Taliban rocket destroys Karzai's helicopter

Taliban insurgents fired rockets into Kabul airport on Thursday, destroying the Afghan president's parked helicopter and damaging three other choppers, officials said, in an attack that underlined security fears in the capital. The two rockets caused no c
Published 04 Jul, 2014 12:00am
Taliban rocket destroys Karzai's helicopter

Taliban rocket destroys Karzai's helicopter

Taliban insurgents fired rockets into Kabul airport on Thursday, destroying the Afghan president's parked helicopter and damaging three other choppers, officials said, in an attack that underlined security fears in the capital. The two rockets caused no c
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
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