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May 15, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-08-07
'People, democratic forces united to support democracy'

'People, democratic forces united to support democracy'

Terming the Pakistan Tahrik-e-Insaf (PTI) long march a political gimmick, the leader of Awami National Party and former Member of Provincial Assembly (MPA) Ayub Khan on Wednesday said people and democratic forces are united to support democracy. Talking t
Published 07 Aug, 2014 12:00am
Budgetary taxation measures: Monthly ST returns to reveal actual impact

Budgetary taxation measures: Monthly ST returns to reveal actual impact

Monthly sales tax returns to be field by registered persons for July 2014 till August 15 would enable the Federal Board of Revenue (FBR) to work out the actual impact of budgetary measures, pertaining to sales tax and federal excise duty (FED), taken in b
Published 07 Aug, 2014 12:00am
Pakistan, Sri Lanka agree to consolidate ties

Pakistan, Sri Lanka agree to consolidate ties

Pakistan and Sri Lanka on Tuesday agreed on the need to further consolidate their bilateral relations in diverse areas, particularly enhanced co-operation in the fields of trade, education, culture and defence. The agreement was reached during a meeting o
Published 07 Aug, 2014 12:00am
PTI KP leader condemns drone attack in NWA

PTI KP leader condemns drone attack in NWA

PTI provincial secretary information and MNA, Ayesha Gulalai condemned drone attack in North Waziristan in the strongest words. In a statement issued here at the provincial secretariat, Ayesha Gulalai said central government has failed completely in prote
Published 07 Aug, 2014 12:00am
74 profiteers arrested in mega crackdown

74 profiteers arrested in mega crackdown

On the directives of Chief Secretary, Khyber Pakhtunkhwa, district administration Peshawar has carried mega crackdown on profiteers in the provincial metropolis and arrested 74 persons. According to details, Chief Secretary, Khyber Pakhtunkhwa on receivin
Published 07 Aug, 2014 12:00am
Mushahid for joint Pak-China counter-terror strategy

Mushahid for joint Pak-China counter-terror strategy

Chairman of Senate Defence Committee Mushahid Hussain Sayed called for a joint Pakistan-China counter-terror strategy, saying terrorism is a serious issue for both neighbours and terrorists are common enemies of humanity. He made these remarks while chair
Published 07 Aug, 2014 12:00am
PTCL launches online education programme 'ILM'

PTCL launches online education programme 'ILM'

Pakistan Telecommunication Company Limited (PTCL), largest ICT services provider of the country, on Wednesday launched an online education programme 'Illuminating Learning Movement (ILM)' aimed at providing customised and interactive e-learning solutions
Published 07 Aug, 2014 12:00am
National Assembly to form body to probe into killing of Hindus

National Assembly to form body to probe into killing of Hindus

National Assembly has unanimously decided to formulate a Fact Finding Committee to probe into the killing of persons belonging to Hindu minority in District Umerkot of Sindh. The issue of killing of two people from Hindu minority community and relatives o
Published 07 Aug, 2014 12:00am
Askari Bank launches Pakistan's first World MasterCard Credit Card

Askari Bank launches Pakistan's first World MasterCard Credit Card

Askari Bank in collaboration with MasterCard announced the launch of Pakistan's first World MasterCard Credit Card. The card is specifically developed for the bank's customers seeking extravagance and high class service world-wide. The Askari Bank World M
Published 07 Aug, 2014 12:00am
CoAS discusses defence ties with Australian Defence Minister

CoAS discusses defence ties with Australian Defence Minister

Chief of the Army staff General Raheel Sharif, who is on an official visit to Australia, on Wednesday held meetings with Australian Minister of Defence David Johnston and Secretary Defence Dennis Richardson and matters of regional security and bilateral d
Published 07 Aug, 2014 12:00am
PTI gears up preparations for 'Azadi March'

PTI gears up preparations for 'Azadi March'

Pakistan Tehreek-i-Insaf has geared up preparations for active participation of workers in its 'Azadi march' against the federal government in Islamabad on August 14, as thousand of workers were registered at various registration points in Peshawar.
Published 07 Aug, 2014 12:00am
SHC seeks whereabouts of missing person

SHC seeks whereabouts of missing person

The Sindh High Court (SHC) on Wednesday directed the secretary of Interior Ministry to ascertain whether the missing man, said to be arrested by law-enforcement agencies, was detained at Lucky Marwat Internment Center. A division bench headed by Justice M
Published 07 Aug, 2014 12:00am
Four killed in separate incidents of violence

Four killed in separate incidents of violence

At least four people were killed in separate incidents of violence here on Tuesday. According to police and rescue sources, two people Muhammad Ashraf and Ahmad were shot and killed while Muhsin son of Muhammad Khan was shot and injured in the same incide
Published 07 Aug, 2014 12:00am
PTI workers stage protest at City Station

PTI workers stage protest at City Station

Workers of the Pakistan Tehrik-e-Insaf (PTI) staged a protest after their demand for a special train for Azadi March was rejected by the Pakistan Railways here on Wednesday. A large number of the PTI workers gathered at City Station of the city and chante
Published 07 Aug, 2014 12:00am
French CG for exchange of more business delegations

French CG for exchange of more business delegations

Consul General of France in Karachi, Dall'Orso François has advised Pakistani business community to augment its business ties with French counterparts by sending more business delegations and holding exhibitions in France. Speaking at a meeting during his
Published 07 Aug, 2014 12:00am
Siraj says making efforts to ease political tension

Siraj says making efforts to ease political tension

Jamaat-i-Islami (JI) chief Siraj-ul-Haq said that he along with other political leaders was making all possible efforts to reduce the prevailing political temperature in the country.
Published 07 Aug, 2014 12:00am
Bangladesh HC meets National Assembly Speaker

Bangladesh HC meets National Assembly Speaker

High Commissioner of Bangladesh, Suhrab Hussain called on Speaker National Assembly Sardar Ayaz Sadiq here on Wednesday. While talking to the High Commissioner, Speaker said considering Bangladesh as one of its brotherly country, Pakistan strongly desires
Published 07 Aug, 2014 12:00am
Putin hits back with ban on food from sanction nations

Putin hits back with ban on food from sanction nations

President Vladimir Putin on Wednesday slapped one-year bans and limits on food and agricultural imports from nations that have imposed sanctions on Russia over its defiant stance on Ukraine. The decision marks yet another escalation in a furious diplomati
Published 07 Aug, 2014 12:00am
Qadri's men asked to make payment of Rs 350 million: FBR issues notice

Qadri's men asked to make payment of Rs 350 million: FBR issues notice

Regional Tax Office (RTO-I) Lahore has issued a income tax notice to Idara Minhaj ul Quran with a tax payment demand of Rs 350 million, official sources told Business Recorder here on Wednesday. Sources confirmed that the RTO-I Lahore has served a
Published 07 Aug, 2014 12:00am
Qadri's men asked to make payment of Rs 350 million: FBR issues notice

Qadri's men asked to make payment of Rs 350 million: FBR issues notice

Regional Tax Office (RTO-I) Lahore has issued a income tax notice to Idara Minhaj ul Quran with a tax payment demand of Rs 350 million, official sources told Business Recorder here on Wednesday. Sources confirmed that the RTO-I Lahore has served a
Published 07 Aug, 2014 12:00am
Remaining 3G/4G licences: government to seek EoIs from CMOs next week

Remaining 3G/4G licences: government to seek EoIs from CMOs next week

In a bid to assess market potential for the sale of remaining two licenses (3G and 4G), the government is all set to seek Expressions of Interest (EoIs) from telecom operators next week, it is learnt. Official sources told Business Recorder that fe
Published 07 Aug, 2014 12:00am
Remaining 3G/4G licences: government to seek EoIs from CMOs next week

Remaining 3G/4G licences: government to seek EoIs from CMOs next week

In a bid to assess market potential for the sale of remaining two licenses (3G and 4G), the government is all set to seek Expressions of Interest (EoIs) from telecom operators next week, it is learnt. Official sources told Business Recorder that fe
Published 07 Aug, 2014 12:00am
Remaining 3G/4G licences: government to seek EoIs from CMOs next week

Remaining 3G/4G licences: government to seek EoIs from CMOs next week

In a bid to assess market potential for the sale of remaining two licenses (3G and 4G), the government is all set to seek Expressions of Interest (EoIs) from telecom operators next week, it is learnt. Official sources told Business Recorder that fe
Published 07 Aug, 2014 12:00am
Panic selling pushes down index

Panic selling pushes down index

The Karachi share market Wednesday posted a negative trend following panic selling on rising political uncertainty in the country. The benchmark KSE-100 index declined by 293.44 points to close at 29,383 points down from 29,676.41 points. Commenting on th
Published 07 Aug, 2014 12:00am
Panic selling pushes down index

Panic selling pushes down index

The Karachi share market Wednesday posted a negative trend following panic selling on rising political uncertainty in the country. The benchmark KSE-100 index declined by 293.44 points to close at 29,383 points down from 29,676.41 points. Commenting on th
Published 07 Aug, 2014 12:00am
Panic selling pushes down index

Panic selling pushes down index

The Karachi share market Wednesday posted a negative trend following panic selling on rising political uncertainty in the country. The benchmark KSE-100 index declined by 293.44 points to close at 29,383 points down from 29,676.41 points. Commenting on th
Published 07 Aug, 2014 12:00am
BRIndex30 sheds 161.75 points

BRIndex30 sheds 161.75 points

On Wednesday, BRIndex30 opened at 16,347.35 and remained negative throughout the trading session. It touched an intraday high of 16,333.56 points and an intraday low of 16,057.04 points and closed at 16,185.60 points, which shed -161.75 points or -0.99 pe
Published 07 Aug, 2014 12:00am
BRIndex30 sheds 161.75 points

BRIndex30 sheds 161.75 points

On Wednesday, BRIndex30 opened at 16,347.35 and remained negative throughout the trading session. It touched an intraday high of 16,333.56 points and an intraday low of 16,057.04 points and closed at 16,185.60 points, which shed -161.75 points or -0.99 pe
Published 07 Aug, 2014 12:00am
First-year performance: Dar struggles to articulate upbeat economic view

First-year performance: Dar struggles to articulate upbeat economic view

Finance Minister Ishaq Dar on Wednesday strongly dismissed the perception that the present government has been taking economic decisions on the dictation of the International Monetary Fund (IMF). He maintained: "we are handling country's economy ourselves
Published 07 Aug, 2014 12:00am
First-year performance: Dar struggles to articulate upbeat economic view

First-year performance: Dar struggles to articulate upbeat economic view

Finance Minister Ishaq Dar on Wednesday strongly dismissed the perception that the present government has been taking economic decisions on the dictation of the International Monetary Fund (IMF). He maintained: "we are handling country's economy ourselves
Published 07 Aug, 2014 12:00am
First-year performance: Dar struggles to articulate upbeat economic view

First-year performance: Dar struggles to articulate upbeat economic view

Finance Minister Ishaq Dar on Wednesday strongly dismissed the perception that the present government has been taking economic decisions on the dictation of the International Monetary Fund (IMF). He maintained: "we are handling country''s economy ourselve
Published 07 Aug, 2014 12:00am
First-year performance: Dar struggles to articulate upbeat economic view

First-year performance: Dar struggles to articulate upbeat economic view

Finance Minister Ishaq Dar on Wednesday strongly dismissed the perception that the present government has been taking economic decisions on the dictation of the International Monetary Fund (IMF). He maintained: "we are handling country''''s economy oursel
Published 07 Aug, 2014 12:00am
Forex regulations: bill tabled to strengthen SBP powers

Forex regulations: bill tabled to strengthen SBP powers

The government on Wednesday introduced "The Foreign Exchange Regulation (Amendment) Bill, 2014" in the National Assembly to strengthen and make more effective the enforcement powers of State Bank of Pakistan (SBP) as a regulator to impose penalties for vi
Published 07 Aug, 2014 12:00am
Forex regulations: bill tabled to strengthen SBP powers

Forex regulations: bill tabled to strengthen SBP powers

The government on Wednesday introduced "The Foreign Exchange Regulation (Amendment) Bill, 2014" in the National Assembly to strengthen and make more effective the enforcement powers of State Bank of Pakistan (SBP) as a regulator to impose penalties for vi
Published 07 Aug, 2014 12:00am
Forex regulations: bill tabled to strengthen SBP powers

Forex regulations: bill tabled to strengthen SBP powers

The government on Wednesday introduced "The Foreign Exchange Regulation (Amendment) Bill, 2014" in the National Assembly to strengthen and make more effective the enforcement powers of State Bank of Pakistan (SBP) as a regulator to impose penalties for vi
Published 07 Aug, 2014 12:00am
Forex regulations: bill tabled to strengthen SBP powers

Forex regulations: bill tabled to strengthen SBP powers

The government on Wednesday introduced "The Foreign Exchange Regulation (Amendment) Bill, 2014" in the National Assembly to strengthen and make more effective the enforcement powers of State Bank of Pakistan (SBP) as a regulator to impose penalties for vi
Published 07 Aug, 2014 12:00am
Assessments by IMF not always correct: minister

Assessments by IMF not always correct: minister

Finance Minister Ishaq Dar on Wednesday said that International Monetary Fund (IMF) assessments do not always prove accurate. Addressing a press conference here on Wednesday, he said, for example, IMF projection was that Pakistan rupee would depreciate to
Published 07 Aug, 2014 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 07 Aug, 2014 12:00am
Assessments by IMF not always correct: minister

Assessments by IMF not always correct: minister

Finance Minister Ishaq Dar on Wednesday said that International Monetary Fund (IMF) assessments do not always prove accurate. Addressing a press conference here on Wednesday, he said, for example, IMF projection was that Pakistan rupee would depreciate to
Published 07 Aug, 2014 12:00am
Assessments by IMF not always correct: minister

Assessments by IMF not always correct: minister

Finance Minister Ishaq Dar on Wednesday said that International Monetary Fund (IMF) assessments do not always prove accurate. Addressing a press conference here on Wednesday, he said, for example, IMF projection was that Pakistan rupee would depreciate to
Published 07 Aug, 2014 12:00am
Planning Commission inducts seven members, chief economist

Planning Commission inducts seven members, chief economist

Planning Commission of Pakistan, in light of its new mandate and role, has inducted seven members and a chief economist from the leading private/academic sector organisations after approval from the prime minister on merit and following all prescribed pro
Published 07 Aug, 2014 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 07 Aug, 2014 12:00am
Planning Commission inducts seven members, chief economist

Planning Commission inducts seven members, chief economist

Planning Commission of Pakistan, in light of its new mandate and role, has inducted seven members and a chief economist from the leading private/academic sector organisations after approval from the prime minister on merit and following all prescribed pro
Published 07 Aug, 2014 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 07 Aug, 2014 12:00am
Planning Commission inducts seven members, chief economist

Planning Commission inducts seven members, chief economist

Planning Commission of Pakistan, in light of its new mandate and role, has inducted seven members and a chief economist from the leading private/academic sector organisations after approval from the prime minister on merit and following all prescribed pro
Published 07 Aug, 2014 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 07 Aug, 2014 12:00am
'Lahori Group' calling the shots at Prime Minister's office

'Lahori Group' calling the shots at Prime Minister's office

'Lahori' District Management Group (now Pakistan Administrative Services) in the Prime Minister's office has reportedly made almost all Ministries ineffective with respect to appointments at senior positions. Background interviews with political figures a
Published 07 Aug, 2014 12:00am
'Lahori Group' calling the shots at Prime Minister's office

'Lahori Group' calling the shots at Prime Minister's office

'Lahori' District Management Group (now Pakistan Administrative Services) in the Prime Minister's office has reportedly made almost all Ministries ineffective with respect to appointments at senior positions. Background interviews with political figures a
Published 07 Aug, 2014 12:00am
''Lahori Group'' calling the shots at Prime Minister''s office

''Lahori Group'' calling the shots at Prime Minister''s office

''Lahori'' District Management Group (now Pakistan Administrative Services) in the Prime Minister''s office has reportedly made almost all Ministries ineffective with respect to appointments at senior positions. Background interviews with political figure
Published 07 Aug, 2014 12:00am
Rangers arrest Indian soldier

Rangers arrest Indian soldier

Chenab Rangers on Wednesday took an Indian security man into their custody as the latter crossed the Sialkot Working Boundary line at Bajwat Sector. According to the Rangers sources, the Indian military man was arrested from Kaleel locality of Bajwat Sect
Published 07 Aug, 2014 12:00am
Rangers arrest Indian soldier

Rangers arrest Indian soldier

Chenab Rangers on Wednesday took an Indian security man into their custody as the latter crossed the Sialkot Working Boundary line at Bajwat Sector. According to the Rangers sources, the Indian military man was arrested from Kaleel locality of Bajwat Sect
Published 07 Aug, 2014 12:00am
Clarification

Clarification

This is with reference to a news item titled "Indo-Pak trade: World Bank decides to release technical grant" carried by Business Recorder in its 5th August issue.
Published 07 Aug, 2014 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (August 06, 2014).

Published 07 Aug, 2014 12:00am
Clarification

Clarification

This is with reference to a news item titled "Indo-Pak trade: World Bank decides to release technical grant" carried by Business Recorder in its 5th August issue.
Published 07 Aug, 2014 12:00am
Clarification

Clarification

This is with reference to a news item titled "Indo-Pak trade: World Bank decides to release technical grant" carried by Business Recorder in its 5th August issue.
Published 07 Aug, 2014 12:00am
Treason trial: Court urged to take record of case into custody

Treason trial: Court urged to take record of case into custody

A special court trying former army chief and President Pervez Musharraf in a high treason case on Wednesday issued a notice to prosecutor in response to defendant's plea through which he had urged the court to take record of the case into custody. A three
Published 07 Aug, 2014 12:00am
Treason trial: Court urged to take record of case into custody

Treason trial: Court urged to take record of case into custody

A special court trying former army chief and President Pervez Musharraf in a high treason case on Wednesday issued a notice to prosecutor in response to defendant's plea through which he had urged the court to take record of the case into custody. A three
Published 07 Aug, 2014 12:00am
Hiroshima marks anniversary of atomic bombing

Hiroshima marks anniversary of atomic bombing

Tens of thousands of people gathered for peace ceremonies in Hiroshima on Wednesday, marking the 69th anniversary of the US atomic bombing of the city, as anti-nuclear sentiment runs high in Japan. Bells tolled as ageing survivors, relatives, government o
Published 07 Aug, 2014 12:00am
THE RUPEE: stable trend

THE RUPEE: stable trend

The rupee almost managed to hold the present levels against the dollar on the local currency market on Wednesday, dealers said. The rupee shed one-paisa in relation to the dollar for buying and selling at Rs 98.82 and Rs 98.84 respectively, they said.
Published 07 Aug, 2014 12:00am
Hiroshima marks anniversary of atomic bombing

Hiroshima marks anniversary of atomic bombing

Tens of thousands of people gathered for peace ceremonies in Hiroshima on Wednesday, marking the 69th anniversary of the US atomic bombing of the city, as anti-nuclear sentiment runs high in Japan. Bells tolled as ageing survivors, relatives, government o
Published 07 Aug, 2014 12:00am
THE RUPEE: stable trend

THE RUPEE: stable trend

The rupee almost managed to hold the present levels against the dollar on the local currency market on Wednesday, dealers said. The rupee shed one-paisa in relation to the dollar for buying and selling at Rs 98.82 and Rs 98.84 respectively, they said.
Published 07 Aug, 2014 12:00am
Putin hits back with ban on food from sanction nations

Putin hits back with ban on food from sanction nations

President Vladimir Putin on Wednesday slapped one-year bans and limits on food and agricultural imports from nations that have imposed sanctions on Russia over its defiant stance on Ukraine. The decision marks yet another escalation in a furious diplomati
Published 07 Aug, 2014 12:00am
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