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Print - 2014-08-29
Wheat rallies

Wheat rallies

US wheat futures rose 2.3 percent to a three-week high on Thursday, supported by concerns that escalating tensions between Ukraine and Russia would curtail shipments from those two key grain exporters, traders said. "The grains were reasonably stable over
Published 29 Aug, 2014 12:00am
US MIDDAY: gold remains higher

US MIDDAY: gold remains higher

Gold rose for a third consecutive session early on Thursday as tensions over Ukraine increased and equity markets retreated, but analysts said the rebound could be short-lived due to strong US economic growth and prospects of a US interest rate hike. Nato
Published 29 Aug, 2014 12:00am
The Weather

The Weather

The weather report on Thursday (August 28, 2014) and the forecast for Friday (August 29, 2014).

Published 29 Aug, 2014 12:00am
ICE cotton falls 1.3 percent as rain forecasts ease supply worries

ICE cotton falls 1.3 percent as rain forecasts ease supply worries

Cotton futures dropped more than 1 percent on Thursday, retreating from their previous session's one-month high, as forecasts of rain in the dry and hot US Southwest and Southeast growing regions eased supply worries. The benchmark December cotton contrac
Published 29 Aug, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (August 28, 2014).

Published 29 Aug, 2014 12:00am
Brent falls, US crude rises as global demand seen weak

Brent falls, US crude rises as global demand seen weak

Brent crude oil fell and US crude rose as ample global supply and lacklustre demand pressured the global benchmark while positive US economic data supported oil prices in the world's largest oil consumer. US gross domestic product expanded at a 4.2 percen
Published 29 Aug, 2014 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 29 Aug, 2014 12:00am
Carrying out evaluation of policy actions

Carrying out evaluation of policy actions

Apropos 'WB team to evaluate policy actions, reforms' carried by Business Recorder on Wednesday, it has been reported that a "World Bank mission would carry out an evaluation of the latest status of the policy actions and reforms put in place for c
Published 29 Aug, 2014 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 29 Aug, 2014 12:00am
Eco storm clouds loom as Italy embarks on 1,000-day reform trip

Eco storm clouds loom as Italy embarks on 1,000-day reform trip

The summer's over and Italy's baby-faced prime minister has got work to do, lots of it, as he seeks to deliver on his promise to transform a country teetering on the brink of its third recession in seven years. A back-to-work cabinet meeting on Friday is
Published 29 Aug, 2014 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (August 28, 2014).

Published 29 Aug, 2014 12:00am
Bitcoin shows staying power as online merchants chase digital

Bitcoin shows staying power as online merchants chase digital

Bitcoin is catching on at US online merchants including Overstock.com and Expedia, as customers use a digital currency that just a few years ago was virtually unknown but is now showing some staying power. Though sales paid for in bitcoin so far at vendor
Published 29 Aug, 2014 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Thursday (August 28, 2014) and for Friday (August 29, 2014).
Published 29 Aug, 2014 12:00am
Interpretation of word 'default'

Interpretation of word 'default'

A Collection of tax where it is not due is as detestable as its non-payment when it is due-Nasim Sikander, J in CIT Companies, Lahore v State Cement of Corporation (Pvt) Ltd, Lahore 2002 PTD 1603 This deprivation results in unjustly enriching and benefiti
Published 29 Aug, 2014 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (August 28, 2014)

Published 29 Aug, 2014 12:00am
Unbecoming of role models

Unbecoming of role models

Of course, there are people whose loyalty to the two leaders at the sit-ins in Islamabad is absolute, and there are also people who are resolutely determined to protect the Sharifs-in-power whatever it costs. But they are not many in number; they are mere
Published 29 Aug, 2014 12:00am
Subsidising agricultural sector

Subsidising agricultural sector

Various associations and groups in Pakistan continue to insist on the provision of subsidy by the government to the agricultural sector on one pretext or the other. The latest to join in this effort was Khawaja Usman, President of Multan Chamber of Commer
Published 29 Aug, 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 (August 28, 2014).

Published 29 Aug, 2014 12:00am
Ex-taxation officer's son gunned down in Peshawar

Ex-taxation officer's son gunned down in Peshawar

Unknown armed men gunned down son of former Assistant Taxation officer Fazal Karim Siddiqi here on Thursday and sped away. Police said that unidentified motorcyclists opened fire at Ismail Siddique, son of former Assistant Taxation Officer in Kakshal Kari
Published 29 Aug, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (August 28, 2014).

Published 29 Aug, 2014 12:00am
KP Assembly will not be dissolved: chief minister

KP Assembly will not be dissolved: chief minister

KP Chief Minister Pervez Khattak has said that the PTI government in Khyber Pakhtunkhwa has no threat from any side including opposition and party Chief Imran Khan has made it clear that the KP Assembly will not be dissolved. Talking to media in Islamabad
Published 29 Aug, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (August 28, 2014).

Published 29 Aug, 2014 12:00am
'Broghul festival to serve as milestone for uplift of Chitral'

'Broghul festival to serve as milestone for uplift of Chitral'

General Officer Commanding (GOC) Army engineering Battalion, Major General Akhtar Salim Rao has said the 'Broghul Festival' will serve as mile stone for development of the backward area where people are still leading lives in period of stone age as the fe
Published 29 Aug, 2014 12:00am
Pakistan, India hold second flag meeting in Samba

Pakistan, India hold second flag meeting in Samba

Border Security Force (BSF) troops of India and the Pakistani Rangers on Thursday held a commandant level flag meeting along International Border (IB) in Samba sector of occupied Jammu and Kashmir, during which they impressed upon each other to respect th
Published 29 Aug, 2014 12:00am
APA held for accumulating illegal assets

APA held for accumulating illegal assets

National Accountability Bureau (NAB) Khyber Pakhtunkhwa on Thursday arrested Maqsood Hassan, Assistant Political Agent (APA), Upper Kurram Agency on the charges of accumulation of assets beyond known sources of his income. According to details a complaint
Published 29 Aug, 2014 12:00am
THE RUPEE: slight fall

THE RUPEE: slight fall

The rupee could not maintain its upward journey against the dollar on the interbank market on Thursday, dealers said. The rupee dropped by 15-paisa against the dollar for buying at Rs 102.35 and it also lost 10-paisa for selling at Rs 102.40, they said.
Published 29 Aug, 2014 12:00am
Drug Regulation: no manufacture of alternative medicines after October 1

Drug Regulation: no manufacture of alternative medicines after October 1

No one would be allowed to manufacture, import or export alternative medicines after October 1st unless approval has been obtained from the Drug Regulatory Authority of Pakistan (DRAP). According to an official of Ministry of National Health Services Regu
Published 29 Aug, 2014 12:00am
THE RUPEE: slight fall

THE RUPEE: slight fall

The rupee could not maintain its upward journey against the dollar on the interbank market on Thursday, dealers said. The rupee dropped by 15-paisa against the dollar for buying at Rs 102.35 and it also lost 10-paisa for selling at Rs 102.40, they said.
Published 29 Aug, 2014 12:00am
UoP, UoH sign MoU to establish geology department

UoP, UoH sign MoU to establish geology department

The Centre of Excellence in Geology University of Peshawar and University of Haripur signed a Memorandum of Understanding for the establishment of a full-fledged department of geology at University of Haripur (UoH). The agreement formally signed by Vice C
Published 29 Aug, 2014 12:00am
Professor Ayesha Shaukat honoured

Professor Ayesha Shaukat honoured

President of Society of Surgeons of Pakistan and Professor of Surgery, King Edward Medical University, Professor Khalid Masood Gondal hosted a reception in honour of Professor Ayesha Shaukat on her appointment as Professor of Surgery. Professor Zafar Ulla
Published 29 Aug, 2014 12:00am
Prime Minister condemns killing of media persons

Prime Minister condemns killing of media persons

Prime Minister Muhammad Nawaz Sharif has strongly condemned the killing of three journalists including the assignment editor of ARY News Quetta bureau, Irshad Mastoi in a firing incident in Quetta on Thursday. Two staffers of the Online News Agency, Abdul
Published 29 Aug, 2014 12:00am
Ephedrine quota case: ANC rejects bail plea of Hanif Abbasi

Ephedrine quota case: ANC rejects bail plea of Hanif Abbasi

The Anti-Narcotics Court on Thursday rejected the bail application of former MNA Hanif Abbasi in the ephedrine quota case. The court fixed September 2 for next hearing. During course of hearing, Abbasi's counsel Sardar Muhammad Ishaq told the court that h
Published 29 Aug, 2014 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (August 28, 2014).

Published 29 Aug, 2014 12:00am
Afghan election result delayed again despite US pressure

Afghan election result delayed again despite US pressure

Afghanistan will not have a new president in time for a key Nato summit next week, officials said Thursday, as the country's prolonged election crisis lurched towards another damaging delay. The latest deadline of September 2 was abandoned as a UN-supervi
Published 29 Aug, 2014 12:00am
Afghan election result delayed again despite US pressure

Afghan election result delayed again despite US pressure

Afghanistan will not have a new president in time for a key Nato summit next week, officials said Thursday, as the country's prolonged election crisis lurched towards another damaging delay. The latest deadline of September 2 was abandoned as a UN-supervi
Published 29 Aug, 2014 12:00am
Pakistan receives $371.4 million under CSF

Pakistan receives $371.4 million under CSF

Pakistan on Thursday received $371.4 million from the United States on account of Coalition Support Fund (CSF). Sources said this is the first CSF payment during this fiscal year and another tranche of over $350 million is expected in the second half of F
Published 29 Aug, 2014 12:00am
Pakistan receives $371.4 million under CSF

Pakistan receives $371.4 million under CSF

Pakistan on Thursday received $371.4 million from the United States on account of Coalition Support Fund (CSF). Sources said this is the first CSF payment during this fiscal year and another tranche of over $350 million is expected in the second half of F
Published 29 Aug, 2014 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 29 Aug, 2014 12:00am
Pakistan receives $371.4 million under CSF

Pakistan receives $371.4 million under CSF

Pakistan on Thursday received $371.4 million from the United States on account of Coalition Support Fund (CSF). Sources said this is the first CSF payment during this fiscal year and another tranche of over $350 million is expected in the second half of F
Published 29 Aug, 2014 12:00am
Two journalists among three killed in Quetta

Two journalists among three killed in Quetta

Gunman opened fire on the offices of a domestic private news agency here on Thursday, killing three people including two journalists, officials said. "A gunman entered the offices of the Online news agency and began firing indiscriminately, killing the bu
Published 29 Aug, 2014 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 29 Aug, 2014 12:00am
Two journalists among three killed in Quetta

Two journalists among three killed in Quetta

Gunman opened fire on the offices of a domestic private news agency here on Thursday, killing three people including two journalists, officials said. "A gunman entered the offices of the Online news agency and began firing indiscriminately, killing the bu
Published 29 Aug, 2014 12:00am
Date of filing returns extended

Date of filing returns extended

To facilitate taxpayers, the Federal Board of Revenue (FBR) has extended the date for filing of returns of total income/statement of final taxation, which is due from August 31, 2014, to September 30, 2014. In this regard, the FBR has issued circular numb
Published 29 Aug, 2014 12:00am
Date of filing returns extended

Date of filing returns extended

To facilitate taxpayers, the Federal Board of Revenue (FBR) has extended the date for filing of returns of total income/statement of final taxation, which is due from August 31, 2014, to September 30, 2014. In this regard, the FBR has issued circular numb
Published 29 Aug, 2014 12:00am
Date of filing returns extended

Date of filing returns extended

To facilitate taxpayers, the Federal Board of Revenue (FBR) has extended the date for filing of returns of total income/statement of final taxation, which is due from August 31, 2014, to September 30, 2014. In this regard, the FBR has issued circular numb
Published 29 Aug, 2014 12:00am
Army recovers Professor Ajmal

Army recovers Professor Ajmal

Security forces on Thursday safely recovered kidnapped Vice Chancellor of Islamia University Professor Ajmal Khan four years after his abduction by Taliban militants. A statement issued by the Inter-Services Public Relations (ISPR) said that security forc
Published 29 Aug, 2014 12:00am
Army recovers Professor Ajmal

Army recovers Professor Ajmal

Security forces on Thursday safely recovered kidnapped Vice Chancellor of Islamia University Professor Ajmal Khan four years after his abduction by Taliban militants. A statement issued by the Inter-Services Public Relations (ISPR) said that security forc
Published 29 Aug, 2014 12:00am
WEF unveils ''crowdsourcing'' push on how to run the Web

WEF unveils ''crowdsourcing'' push on how to run the Web

The World Economic Forum unveiled a project on Thursday aimed at connecting governments, businesses, academia, technicians and civil society world-wide to brainstorm the best ways to govern the Internet. WEF, which each year gathers the global elite in th
Published 29 Aug, 2014 12:00am
WEF unveils 'crowdsourcing' push on how to run the Web

WEF unveils 'crowdsourcing' push on how to run the Web

The World Economic Forum unveiled a project on Thursday aimed at connecting governments, businesses, academia, technicians and civil society world-wide to brainstorm the best ways to govern the Internet. WEF, which each year gathers the global elite in th
Published 29 Aug, 2014 12:00am
WEF unveils 'crowdsourcing' push on how to run the Web

WEF unveils 'crowdsourcing' push on how to run the Web

The World Economic Forum unveiled a project on Thursday aimed at connecting governments, businesses, academia, technicians and civil society world-wide to brainstorm the best ways to govern the Internet. WEF, which each year gathers the global elite in th
Published 29 Aug, 2014 12:00am
US moves prisoners from Afghanistan to Pakistan, Yemen

US moves prisoners from Afghanistan to Pakistan, Yemen

The United States has moved 11 new prisoners out of a military prison near the Afghan capital, the Pentagon said on Wednesday, as the Obama administration seeks to shut down a controversial detainee program in Afghanistan ahead of its troop withdrawal. Ni
Published 29 Aug, 2014 12:00am
US moves prisoners from Afghanistan to Pakistan, Yemen

US moves prisoners from Afghanistan to Pakistan, Yemen

The United States has moved 11 new prisoners out of a military prison near the Afghan capital, the Pentagon said on Wednesday, as the Obama administration seeks to shut down a controversial detainee program in Afghanistan ahead of its troop withdrawal. Ni
Published 29 Aug, 2014 12:00am
Transmission line: NTDC allowed to raise Rs 17 billion from local banks

Transmission line: NTDC allowed to raise Rs 17 billion from local banks

Economic Co-ordination Committee (ECC) of the Cabinet has allowed National Transmission and Dispatch Company (NTDC) to raise Rs 17 billion from local banks for laying a transmission line to transfer power from 969 MW Neelum Jhelum Hydropower Project, offi
Published 29 Aug, 2014 12:00am
Transmission line: NTDC allowed to raise Rs 17 billion from local banks

Transmission line: NTDC allowed to raise Rs 17 billion from local banks

Economic Co-ordination Committee (ECC) of the Cabinet has allowed National Transmission and Dispatch Company (NTDC) to raise Rs 17 billion from local banks for laying a transmission line to transfer power from 969 MW Neelum Jhelum Hydropower Project, offi
Published 29 Aug, 2014 12:00am
Transmission line: NTDC allowed to raise Rs 17 billion from local banks

Transmission line: NTDC allowed to raise Rs 17 billion from local banks

Economic Co-ordination Committee (ECC) of the Cabinet has allowed National Transmission and Dispatch Company (NTDC) to raise Rs 17 billion from local banks for laying a transmission line to transfer power from 969 MW Neelum Jhelum Hydropower Project, offi
Published 29 Aug, 2014 12:00am
43 UN peacekeepers seized in Syrian Golan Heights: UN

43 UN peacekeepers seized in Syrian Golan Heights: UN

The United Nations said that an armed group captured 43 UN peacekeepers on the Syrian side of the Golan Heights on Thursday and that it was doing everything to secure their release. An additional 81 peacekeepers were "currently being restricted to their p
Published 29 Aug, 2014 12:00am
43 UN peacekeepers seized in Syrian Golan Heights: UN

43 UN peacekeepers seized in Syrian Golan Heights: UN

The United Nations said that an armed group captured 43 UN peacekeepers on the Syrian side of the Golan Heights on Thursday and that it was doing everything to secure their release. An additional 81 peacekeepers were "currently being restricted to their p
Published 29 Aug, 2014 12:00am
Modi pledges 75 million new bank accounts by 2015

Modi pledges 75 million new bank accounts by 2015

Indian Prime Minister Narendra Modi pledged Thursday to provide bank accounts to 75 million people by January in an ambitious bid to end "financial untouchability" in the nation of 1.2 billion people. Modi, who pledged this month to provide accounts for a
Published 29 Aug, 2014 12:00am
Modi pledges 75 million new bank accounts by 2015

Modi pledges 75 million new bank accounts by 2015

Indian Prime Minister Narendra Modi pledged Thursday to provide bank accounts to 75 million people by January in an ambitious bid to end "financial untouchability" in the nation of 1.2 billion people. Modi, who pledged this month to provide accounts for a
Published 29 Aug, 2014 12:00am
Modi pledges 75 million new bank accounts by 2015

Modi pledges 75 million new bank accounts by 2015

Indian Prime Minister Narendra Modi pledged Thursday to provide bank accounts to 75 million people by January in an ambitious bid to end "financial untouchability" in the nation of 1.2 billion people. Modi, who pledged this month to provide accounts for a
Published 29 Aug, 2014 12:00am
Modi pledges 75 million new bank accounts by 2015

Modi pledges 75 million new bank accounts by 2015

Indian Prime Minister Narendra Modi pledged Thursday to provide bank accounts to 75 million people by January in an ambitious bid to end "financial untouchability" in the nation of 1.2 billion people. Modi, who pledged this month to provide accounts for a
Published 29 Aug, 2014 12:00am
EU removes ban on PIA cargo shipments

EU removes ban on PIA cargo shipments

European Union has removed the temporary cargo ban restriction that was imposed on PIA cargo shipments to Europe. PIA spokesman said here on Thursday. The decision has been taken after satisfactory examination and approval by the EU inspection team. The a
Published 29 Aug, 2014 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (August 28, 2014).

Published 29 Aug, 2014 12:00am
EU removes ban on PIA cargo shipments

EU removes ban on PIA cargo shipments

European Union has removed the temporary cargo ban restriction that was imposed on PIA cargo shipments to Europe. PIA spokesman said here on Thursday. The decision has been taken after satisfactory examination and approval by the EU inspection team. The a
Published 29 Aug, 2014 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (August 28, 2014).

Published 29 Aug, 2014 12:00am
EU removes ban on PIA cargo shipments

EU removes ban on PIA cargo shipments

European Union has removed the temporary cargo ban restriction that was imposed on PIA cargo shipments to Europe. PIA spokesman said here on Thursday. The decision has been taken after satisfactory examination and approval by the EU inspection team. The a
Published 29 Aug, 2014 12:00am
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