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Print - 2014-09-27
Ijaz A Mumtaz elected President LCCI

Ijaz A Mumtaz elected President LCCI

Renowned businessmen Ijaz A Mumtaz, Mian Nauman Kabir and Syed Mahmood Ghaznavi on Friday elected unopposed as President, Senior Vice President and Vice President of the Lahore Chamber of Commerce and Industry (LCCI) respectively. All the three made their
Published 27 Sep, 2014 12:00am
Electricity bills: experts for reviving slab facility

Electricity bills: experts for reviving slab facility

Federal government should immediately revive the slab facility on electricity bills to get rid of the over- billing phenomenon, earning a bad name for it amidst hostile political situation in the country. The government had withdrawn the slab facility on
Published 27 Sep, 2014 12:00am
Education sector: LCCI opposes imposition of commercialisation tax

Education sector: LCCI opposes imposition of commercialisation tax

Lahore Chamber of Commerce and Industry has urged the Chief Minister Punjab Shahbaz Sharif to take notice of the imposition of exorbitant commercialisation tax on the education sector by the Lahore Development Authority (LDA). While addressing a delegatio
Published 27 Sep, 2014 12:00am
Usman Ghani elected PCMEA chairman

Usman Ghani elected PCMEA chairman

Usman Ghani has been elected unopposed as central chairman of the Pakistan Carpet Manufacturers and Exporters Association (PCMEA), while Qamar Zia has been elected as Senior Vice Chairman of the association for the North Zone and SM Shahzad Hanif as vice
Published 27 Sep, 2014 12:00am
Pervez Malik elected: Labard president unopposed

Pervez Malik elected: Labard president unopposed

The Governing Body of the Lahore Businessmen Association for Rehabilitation of Disabled (Labard) on Friday unanimously elected MNA Pervez Malik as its President. The Governing Body also elected Mian Nusrat uddin Senior Vice President, Busra Aitzaz Vice Pr
Published 27 Sep, 2014 12:00am
The two sit-ins in Islamabad

The two sit-ins in Islamabad

Apropos 'Roots of agitation' carried by Business Recorder in its BR Research section on September 16, the authors have argued that "lawyers' movement wanting top judiciary's restoration; doctors and mid- to low-level government servants on strike f
Published 27 Sep, 2014 12:00am
Activists rally to save Berlin Wall relic 25 years on

Activists rally to save Berlin Wall relic 25 years on

A rare remnant of the Berlin Wall lies at the end of an overgrown path next to the Spree River but as the 25th anniversary of its fall approaches, the relic is under threat. Berliners ripped down the despised Wall as fast as they could in the giddy months
Published 27 Sep, 2014 12:00am
Simpleton's handbook on international trade

Simpleton's handbook on international trade

Trade is an exchange between parties towards a mutually beneficial end; and trade generally occurs when one or more parties have a surplus of something, or needs something desperately enough to part with what he already has. For example, in the near futur
Published 27 Sep, 2014 12:00am
Modern or primitive Pakistan?

Modern or primitive Pakistan?

We should be grateful to Imran Khan and Tahirul Qadri whose presence in Islamabad brought about a sea change in the nation regarding political substance. When we lost East Pakistan in 1971 the worry amongst those that had served there was who would bell t
Published 27 Sep, 2014 12:00am
Cut in global trade forecast

Cut in global trade forecast

At a time when Pakistan's exports have tended to decline and current account deficit has risen substantially, Geneva-based World Trade Organisation's (WTO) latest outlook is certain to compound the difficulties of the country. According to its forecasts r
Published 27 Sep, 2014 12:00am
Revive talks without any further loss of time

Revive talks without any further loss of time

An air of despondency pervades the country as both sides - the PML-N Government and Pakistan Tehrik-e-Insaf (PTI) - have entered into a blame-game for breakdown of talks. Both are using seemingly weighty arguments to strengthen their standpoints. But at t
Published 27 Sep, 2014 12:00am
Nisar meets Shahbaz

Nisar meets Shahbaz

Federal Interior Minister Chaudhry Nisar Ali Khan met Punjab Chief Minister Muhammad Shahbaz Sharif here on Friday. Matters regarding law and order as well as political situation of the country were discussed in the meeting.
Published 27 Sep, 2014 12:00am
'Get in the Ring' event held

'Get in the Ring' event held

Plan9 and Punjab Information Technology Board's Technology Incubator held an event 'Get in the Ring-the Investment Battle' at Arfa Software Technology, here on Thursday. It may be added that Get in the Ring-the Investment Battle-an International event-was
Published 27 Sep, 2014 12:00am
PML-N traders' wing greets new LCCI members

PML-N traders' wing greets new LCCI members

Vice President of PML-N Traders Wing Lahore Arjumand Maqsood has greeted the newly elected office-bearers and executive committee members of the Lahore Chamber of Commerce and Industry (LCCI) and hoped that the new body would utilise all energies to come
Published 27 Sep, 2014 12:00am
Chinese team pins high hopes on textile industry

Chinese team pins high hopes on textile industry

A business delegation from the Yantai Chamber of Commerce China visited APTMA Punjab on Friday and pinned high hopes with Pakistan's textile industry as a future industry to invest. The Chinese delegation spent time in understanding the inherent strengths
Published 27 Sep, 2014 12:00am
Qadri accuses judicial system of not punishing criminals

Qadri accuses judicial system of not punishing criminals

Terming democracy in the country as 'Gullucracy', Pakistan Awami Tehreek (PAT) chief Dr Tahirul Qadri on Friday blamed the prevailing judicial system of not giving punishment to criminals like "Gullu Butt" who was involved in criminal activities in the Mo
Published 27 Sep, 2014 12:00am
Fresh plea filed against Prime Minister

Fresh plea filed against Prime Minister

An application has been filed before the Lahore High Court in a pending case against Prime Minister Nawaz Sharif, urging the court to disqualify him for alleged money laundering charges. Barrister Javed Iqbal Jaffree filed an application in a pending case
Published 27 Sep, 2014 12:00am
Sindh Assembly resolves to support democracy

Sindh Assembly resolves to support democracy

Sindh Assembly's legislators on Friday resolved to support the rule of law and democracy. However, Pakistan People's Party (PPP) and Muttahida Qaumi Movement (MQM) lawmakers supported the resolution partially and conditionally. The resolution was tabled i
Published 27 Sep, 2014 12:00am
The Weather

The Weather

The weather report on Friday (September 26, 2014) and the forecast for Saturday (September 27, 2014).

Published 27 Sep, 2014 12:00am
Sindh Assembly resolves to support democracy

Sindh Assembly resolves to support democracy

Sindh Assembly's legislators on Friday resolved to support the rule of law and democracy. However, Pakistan People's Party (PPP) and Muttahida Qaumi Movement (MQM) lawmakers supported the resolution partially and conditionally. The resolution was tabled i
Published 27 Sep, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (September 26, 2014).

Published 27 Sep, 2014 12:00am
Banks must print cheque books, security stationery on CBS-1 paper: SBP

Banks must print cheque books, security stationery on CBS-1 paper: SBP

The State Bank of Pakistan (SBP) Friday asked banks to submit certificate conforming to Clearing Bank Standard (CBS)-1 paper standard to the Consumer Protection Department instead of Accounts Department. In order to protect the interest of depositors and
Published 27 Sep, 2014 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 27 Sep, 2014 12:00am
Banks must print cheque books, security stationery on CBS-1 paper: SBP

Banks must print cheque books, security stationery on CBS-1 paper: SBP

The State Bank of Pakistan (SBP) Friday asked banks to submit certificate conforming to Clearing Bank Standard (CBS)-1 paper standard to the Consumer Protection Department instead of Accounts Department. In order to protect the interest of depositors and
Published 27 Sep, 2014 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 27 Sep, 2014 12:00am
Banks must print cheque books, security stationery on CBS-1 paper: SBP

Banks must print cheque books, security stationery on CBS-1 paper: SBP

The State Bank of Pakistan (SBP) Friday asked banks to submit certificate conforming to Clearing Bank Standard (CBS)-1 paper standard to the Consumer Protection Department instead of Accounts Department. In order to protect the interest of depositors and
Published 27 Sep, 2014 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on 23rd September, 2014.

Published 27 Sep, 2014 12:00am
SPI inflation up 6.92 percent YoY

SPI inflation up 6.92 percent YoY

The weekly Sensitive Price Indicator (SPI) inflation surged by 6.92 percent during the week ended on September 25, 2014, registering an increase in prices of some essential commodities. The provisional data, released by Pakistan Bureau of Statistics, show
Published 27 Sep, 2014 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on 23rd September, 2014.

Published 27 Sep, 2014 12:00am
SPI inflation up 6.92 percent YoY

SPI inflation up 6.92 percent YoY

The weekly Sensitive Price Indicator (SPI) inflation surged by 6.92 percent during the week ended on September 25, 2014, registering an increase in prices of some essential commodities. The provisional data, released by Pakistan Bureau of Statistics, show
Published 27 Sep, 2014 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on 23rd September, 2014.

Published 27 Sep, 2014 12:00am
SPI inflation up 6.92 percent YoY

SPI inflation up 6.92 percent YoY

The weekly Sensitive Price Indicator (SPI) inflation surged by 6.92 percent during the week ended on September 25, 2014, registering an increase in prices of some essential commodities. The provisional data, released by Pakistan Bureau of Statistics, show
Published 27 Sep, 2014 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (September 26, 2014).

Published 27 Sep, 2014 12:00am
US worker beheads colleague after losing job

US worker beheads colleague after losing job

A US worker who had recently tried to convert colleagues to Islam beheaded one of them with a knife after being fired from his job at a food distributor, police said Friday. The incident happened Thursday at a food business in Oklahoma where the suspect,
Published 27 Sep, 2014 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Friday (September 26, 2014) and for Saturday (September 27, 2014).
Published 27 Sep, 2014 12:00am
US worker beheads colleague after losing job

US worker beheads colleague after losing job

A US worker who had recently tried to convert colleagues to Islam beheaded one of them with a knife after being fired from his job at a food distributor, police said Friday. The incident happened Thursday at a food business in Oklahoma where the suspect,
Published 27 Sep, 2014 12:00am
Taliban storm district south-west of Kabul, 100 killed

Taliban storm district south-west of Kabul, 100 killed

Hundreds of Taliban fighters have stormed a strategic district in an Afghan province south-west of the capital and are on the verge of capturing it after killing dozens of people and beheading some in days of fighting, officials said on Friday. The Ghazni
Published 27 Sep, 2014 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (September 26, 2014).

Published 27 Sep, 2014 12:00am
Taliban storm district south-west of Kabul, 100 killed

Taliban storm district south-west of Kabul, 100 killed

Hundreds of Taliban fighters have stormed a strategic district in an Afghan province south-west of the capital and are on the verge of capturing it after killing dozens of people and beheading some in days of fighting, officials said on Friday. The Ghazni
Published 27 Sep, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (September 26, 2014).

Published 27 Sep, 2014 12:00am
Secret agencies arrest nine TTP men at Islamabad

Secret agencies arrest nine TTP men at Islamabad

At least nine suspected terrorists, belonging to the banned Tehreek-e-Taliban Pakistan (TTP), were arrested during a raid carried out by the security forces in Islamabad on Friday. On receiving a tip-off about the presence of 14 terrorists in Sector G-10,
Published 27 Sep, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (September 26, 2014).

Published 27 Sep, 2014 12:00am
Secret agencies arrest nine TTP men at Islamabad

Secret agencies arrest nine TTP men at Islamabad

At least nine suspected terrorists, belonging to the banned Tehreek-e-Taliban Pakistan (TTP), were arrested during a raid carried out by the security forces in Islamabad on Friday. On receiving a tip-off about the presence of 14 terrorists in Sector G-10,
Published 27 Sep, 2014 12:00am
THE RUPEE: modest slide

THE RUPEE: modest slide

The rupee fell modestly against the dollar on the money market on Friday in the process of trading, dealers said. The rupee shed two paisa in relation to the dollar for buying and selling at Rs 102.78 and Rs 102.80, they said.
Published 27 Sep, 2014 12:00am
THE RUPEE: modest slide

THE RUPEE: modest slide

The rupee fell modestly against the dollar on the money market on Friday in the process of trading, dealers said. The rupee shed two paisa in relation to the dollar for buying and selling at Rs 102.78 and Rs 102.80, they said.
Published 27 Sep, 2014 12:00am
Argentina appeals against WTO ruling on imports

Argentina appeals against WTO ruling on imports

Argentina on Friday appealed against a ruling by the WTO which found that it had broken global trade rules by setting unfair requirements on good exported by partners including United States, the EU and Japan. Argentina''s diplomats at the 160-member Worl
Published 27 Sep, 2014 12:00am
Argentina appeals against WTO ruling on imports

Argentina appeals against WTO ruling on imports

Argentina on Friday appealed against a ruling by the WTO which found that it had broken global trade rules by setting unfair requirements on good exported by partners including United States, the EU and Japan. Argentina's diplomats at the 160-member World
Published 27 Sep, 2014 12:00am
Argentina appeals against WTO ruling on imports

Argentina appeals against WTO ruling on imports

Argentina on Friday appealed against a ruling by the WTO which found that it had broken global trade rules by setting unfair requirements on good exported by partners including United States, the EU and Japan. Argentina's diplomats at the 160-member World
Published 27 Sep, 2014 12:00am
LHC orders Punjab government to release Gullu Butt

LHC orders Punjab government to release Gullu Butt

The Lahore High Court here on Friday declared the detention of Gullu Butt as illegal and directed the Punjab government to release him immediately. His counsel argued that a division bench of the LHC had released his client on bail but the government deta
Published 27 Sep, 2014 12:00am
LHC orders Punjab government to release Gullu Butt

LHC orders Punjab government to release Gullu Butt

The Lahore High Court here on Friday declared the detention of Gullu Butt as illegal and directed the Punjab government to release him immediately. His counsel argued that a division bench of the LHC had released his client on bail but the government deta
Published 27 Sep, 2014 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (September 26, 2014).

Published 27 Sep, 2014 12:00am
Pakistan win rain-hit women's cricket final

Pakistan win rain-hit women's cricket final

Pakistan retained the women's Twenty20 cricket gold medal at the Asian Games on Friday by defeating spirited Bangladesh in a rain-affected final, as Sri Lanka took home the bronze. Pakistan, electing to bat after winning the toss, were restricted to 97-6
Published 27 Sep, 2014 12:00am
Pakistan win rain-hit women's cricket final

Pakistan win rain-hit women's cricket final

Pakistan retained the women's Twenty20 cricket gold medal at the Asian Games on Friday by defeating spirited Bangladesh in a rain-affected final, as Sri Lanka took home the bronze. Pakistan, electing to bat after winning the toss, were restricted to 97-6
Published 27 Sep, 2014 12:00am
US has great interest in Pakistan's success: Biden

US has great interest in Pakistan's success: Biden

US Vice President Joe Biden on Friday said Washington has a great interest in Pakistan's success while Prime Minister Nawaz Sharif underscored improved bilateral relations as the two leaders discussed wide-ranging co-operation at a meeting on the sideline
Published 27 Sep, 2014 12:00am
US has great interest in Pakistan's success: Biden

US has great interest in Pakistan's success: Biden

US Vice President Joe Biden on Friday said Washington has a great interest in Pakistan's success while Prime Minister Nawaz Sharif underscored improved bilateral relations as the two leaders discussed wide-ranging co-operation at a meeting on the sideline
Published 27 Sep, 2014 12:00am
Kashmir issue about right to self determination: Aziz

Kashmir issue about right to self determination: Aziz

Adviser to Prime Minister on National Security and Foreign Affairs Sartaj Aziz has emphasised that Jammu and Kashmir was not a territorial dispute between Pakistan and India but it was primarily about the exercise of the right to self-determination by Kas
Published 27 Sep, 2014 12:00am
Kashmir issue about right to self determination: Aziz

Kashmir issue about right to self determination: Aziz

Adviser to Prime Minister on National Security and Foreign Affairs Sartaj Aziz has emphasised that Jammu and Kashmir was not a territorial dispute between Pakistan and India but it was primarily about the exercise of the right to self-determination by Kas
Published 27 Sep, 2014 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 27 Sep, 2014 12:00am
Prime Minister introduces Vision 2025 to world leaders

Prime Minister introduces Vision 2025 to world leaders

Prime Minister Muhammad Nawaz Sharif on Friday introduced his government's Vision 2025 to the United Nations General Assembly, saying this mega socio-economic programme 'puts people first'. According to him, Vision 2025 gets inspiration from country's fou
Published 27 Sep, 2014 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 27 Sep, 2014 12:00am
Prime Minister introduces Vision 2025 to world leaders

Prime Minister introduces Vision 2025 to world leaders

Prime Minister Muhammad Nawaz Sharif on Friday introduced his government's Vision 2025 to the United Nations General Assembly, saying this mega socio-economic programme 'puts people first'. According to him, Vision 2025 gets inspiration from country's fou
Published 27 Sep, 2014 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 27 Sep, 2014 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 27 Sep, 2014 12:00am
Hatf IX test fired successfully

Hatf IX test fired successfully

Pakistan on Friday conducted a successful test fire of short range surface-to-surface missile Hatf IX (NASR). The test fire was conducted with successive launches of four missiles from a state of the art Multi Tube Launcher with Salvo Mode. NASR, with a r
Published 27 Sep, 2014 12:00am
Hatf IX test fired successfully

Hatf IX test fired successfully

Pakistan on Friday conducted a successful test fire of short range surface-to-surface missile Hatf IX (NASR). The test fire was conducted with successive launches of four missiles from a state of the art Multi Tube Launcher with Salvo Mode. NASR, with a r
Published 27 Sep, 2014 12:00am
Army chief reiterates resolve to counter provocation at LoC

Army chief reiterates resolve to counter provocation at LoC

Chief of Army Staff (CoAS) General Raheel Sharif on Friday visited troops deployed in forward localities along Line of Control (LOC) near Jhelum and reiterated that any provocation along the LoC will be responded effectively. While interacting with the tr
Published 27 Sep, 2014 12:00am
Army chief reiterates resolve to counter provocation at LoC

Army chief reiterates resolve to counter provocation at LoC

Chief of Army Staff (CoAS) General Raheel Sharif on Friday visited troops deployed in forward localities along Line of Control (LOC) near Jhelum and reiterated that any provocation along the LoC will be responded effectively. While interacting with the tr
Published 27 Sep, 2014 12:00am
Modi faces US court summons over riots

Modi faces US court summons over riots

Indian Prime Minister Narendra Modi's high-profile trip to the United States will not be affected by a US civil lawsuit over anti-Muslim riots in a state he once led, India and the United States said on Friday. Modi and the Indian government could seek to
Published 27 Sep, 2014 12:00am
Modi faces US court summons over riots

Modi faces US court summons over riots

Indian Prime Minister Narendra Modi's high-profile trip to the United States will not be affected by a US civil lawsuit over anti-Muslim riots in a state he once led, India and the United States said on Friday. Modi and the Indian government could seek to
Published 27 Sep, 2014 12:00am
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