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Print - 2014-09-30
BRIndex30 falls by 205.68 points

BRIndex30 falls by 205.68 points

On Monday, BRIndex30 opened at 16,036.15 points. It touched an intraday high of 16,039.37 points and an intraday low of 15,782.37 points and closed at 15,830.47 points which was -205.68 points or -1.28 percent lower than previous close. Total volume was 4
Published 30 Sep, 2014 12:00am
Speedy justice: Prime Minister forms body to prepare proposals

Speedy justice: Prime Minister forms body to prepare proposals

Prime Minister Nawaz Sharif has constituted an inter-ministerial committee to prepare proposals on the enactment of special laws for providing speedy justice to the common man, official sources told Business Recorder. Led by Federal Minister for In
Published 30 Sep, 2014 12:00am
Speedy justice: Prime Minister forms body to prepare proposals

Speedy justice: Prime Minister forms body to prepare proposals

Prime Minister Nawaz Sharif has constituted an inter-ministerial committee to prepare proposals on the enactment of special laws for providing speedy justice to the common man, official sources told Business Recorder. Led by Federal Minister for In
Published 30 Sep, 2014 12:00am
IS jihadists close in on key Syria border town

IS jihadists close in on key Syria border town

Islamic State group fighters closed in Monday to within only a few kilometres of a key Kurdish town on Syria's border with Turkey, despite new air strikes by the US-led coalition. Nato member Turkey deployed tanks to reinforce its side of the border and s
Published 30 Sep, 2014 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 30 Sep, 2014 12:00am
IS jihadists close in on key Syria border town

IS jihadists close in on key Syria border town

Islamic State group fighters closed in Monday to within only a few kilometres of a key Kurdish town on Syria's border with Turkey, despite new air strikes by the US-led coalition. Nato member Turkey deployed tanks to reinforce its side of the border and s
Published 30 Sep, 2014 12:00am
US accused of illegal 2008 seizure as AIG trial opens

US accused of illegal 2008 seizure as AIG trial opens

The US government's emergency actions in the financial crisis went on trial Monday as lawyers accused it of having illegally seized teetering insurance giant AIG in September 2008. David Boies, the lawyer for Hank Greenberg, the former chairman of America
Published 30 Sep, 2014 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 30 Sep, 2014 12:00am
US accused of illegal 2008 seizure as AIG trial opens

US accused of illegal 2008 seizure as AIG trial opens

The US government's emergency actions in the financial crisis went on trial Monday as lawyers accused it of having illegally seized teetering insurance giant AIG in September 2008. David Boies, the lawyer for Hank Greenberg, the former chairman of America
Published 30 Sep, 2014 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 30 Sep, 2014 12:00am
Power sector woes: government dogged by squabbles between two ministries

Power sector woes: government dogged by squabbles between two ministries

Ministry of Finance and Ministry of Water and Power are equally responsible for the prevailing problems of power sector with no visible improvement in the system during the last sixteen months. Sources said that Finance Minister Ishaq Dar, who enjoys full
Published 30 Sep, 2014 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 30 Sep, 2014 12:00am
Power sector woes: government dogged by squabbles between two ministries

Power sector woes: government dogged by squabbles between two ministries

Ministry of Finance and Ministry of Water and Power are equally responsible for the prevailing problems of power sector with no visible improvement in the system during the last sixteen months. Sources said that Finance Minister Ishaq Dar, who enjoys full
Published 30 Sep, 2014 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 30 Sep, 2014 12:00am
Power sector woes: government dogged by squabbles between two ministries

Power sector woes: government dogged by squabbles between two ministries

Ministry of Finance and Ministry of Water and Power are equally responsible for the prevailing problems of power sector with no visible improvement in the system during the last sixteen months. Sources said that Finance Minister Ishaq Dar, who enjoys full
Published 30 Sep, 2014 12:00am
Jati Umra estate has 43 power meters

Jati Umra estate has 43 power meters

Lahore Electric Supply Company (Lesco) has reportedly installed 43 meters at Jati Umra estate Raiwind - the official residence of Prime Minister, Nawaz Sharif and Chief Minister, Punjab, Mian Shahbaz Sharif and their families - well informed sources told
Published 30 Sep, 2014 12:00am
Jati Umra estate has 43 power meters

Jati Umra estate has 43 power meters

Lahore Electric Supply Company (Lesco) has reportedly installed 43 meters at Jati Umra estate Raiwind - the official residence of Prime Minister, Nawaz Sharif and Chief Minister, Punjab, Mian Shahbaz Sharif and their families - well informed sources told
Published 30 Sep, 2014 12:00am
Jati Umra estate has 43 power meters

Jati Umra estate has 43 power meters

Lahore Electric Supply Company (Lesco) has reportedly installed 43 meters at Jati Umra estate Raiwind - the official residence of Prime Minister, Nawaz Sharif and Chief Minister, Punjab, Mian Shahbaz Sharif and their families - well informed sources told
Published 30 Sep, 2014 12:00am
ISE index down by 69.52 points

ISE index down by 69.52 points

Bears retuned in the driving seat at the Islamabad Stock Exchange (ISE) on Monday, where losers outclassed gainers amid decrease in index. ISE Ten Index showed a decrease of 69.52 points as the ISE Ten Index moved from 4,420.81 to 4,351.29 points. The ove
Published 30 Sep, 2014 12:00am
ISE index down by 69.52 points

ISE index down by 69.52 points

Bears retuned in the driving seat at the Islamabad Stock Exchange (ISE) on Monday, where losers outclassed gainers amid decrease in index. ISE Ten Index showed a decrease of 69.52 points as the ISE Ten Index moved from 4,420.81 to 4,351.29 points. The ove
Published 30 Sep, 2014 12:00am
LSE index loses 145.76 points

LSE index loses 145.76 points

Bearish sentiments dominated on the Lahore Stock Exchange on Monday and the equities suffered losses across the board amid marginally improved trading turnover. The LSE-25 index was fell to 5143.81 against 5289.57 of last Friday, denoting a loss of 145.76
Published 30 Sep, 2014 12:00am
LSE index loses 145.76 points

LSE index loses 145.76 points

Bearish sentiments dominated on the Lahore Stock Exchange on Monday and the equities suffered losses across the board amid marginally improved trading turnover. The LSE-25 index was fell to 5143.81 against 5289.57 of last Friday, denoting a loss of 145.76
Published 30 Sep, 2014 12:00am
Parliamentary bodies: Rabbani writes letter to National Assembly Speaker

Parliamentary bodies: Rabbani writes letter to National Assembly Speaker

Senator Mian Raza Rabbani has written a letter to the Speaker National Assembly, urging him to constitute three Parliamentary Committees, which he had suggested during a joint session of Parliament. The letter says: "it may be recalled that on September 1
Published 30 Sep, 2014 12:00am
THE RUPEE: firm trend

THE RUPEE: firm trend

A kind of firmness prevailed on the currency market on Monday in the process of trading, dealers said. The rupee managed to sustain its surge against the dollar, gaining 14-paisa for buying and selling at Rs 102.64 and Rs 102.66 respectively, they said.
Published 30 Sep, 2014 12:00am
Parliamentary bodies: Rabbani writes letter to National Assembly Speaker

Parliamentary bodies: Rabbani writes letter to National Assembly Speaker

Senator Mian Raza Rabbani has written a letter to the Speaker National Assembly, urging him to constitute three Parliamentary Committees, which he had suggested during a joint session of Parliament. The letter says: "it may be recalled that on September 1
Published 30 Sep, 2014 12:00am
THE RUPEE: firm trend

THE RUPEE: firm trend

A kind of firmness prevailed on the currency market on Monday in the process of trading, dealers said. The rupee managed to sustain its surge against the dollar, gaining 14-paisa for buying and selling at Rs 102.64 and Rs 102.66 respectively, they said.
Published 30 Sep, 2014 12:00am
Condolence

Condolence

Pakistan Broadcasters Association (PBA) on behalf of its members deeply condoles the sad demise of Shakeel Masud Hussain's (Chairman PBA) father. May Almighty Allah give him strength to bear this irreparable loss. May the departed soul rest in peace. Aame
Published 30 Sep, 2014 12:00am
Condolence

Condolence

Pakistan Broadcasters Association (PBA) on behalf of its members deeply condoles the sad demise of Shakeel Masud Hussain's (Chairman PBA) father. May Almighty Allah give him strength to bear this irreparable loss. May the departed soul rest in peace. Aame
Published 30 Sep, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (September 29, 2014).

Published 30 Sep, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (September 29, 2014).

Published 30 Sep, 2014 12:00am
NAB authorises inquiries against Firdous, others

NAB authorises inquiries against Firdous, others

The Executive Board Meeting (EBM) of the National Accountability Bureau (NAB) that met here on Monday authorised five inquiries. The meeting, which was presided over by Chairman NAB Qamar Zaman Chaudhry, authorised an inquiry against Dr Firdous Ashiq Awan
Published 30 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 Monday (September 29, 2014).

Published 30 Sep, 2014 12:00am
NAB authorises inquiries against Firdous, others

NAB authorises inquiries against Firdous, others

The Executive Board Meeting (EBM) of the National Accountability Bureau (NAB) that met here on Monday authorised five inquiries. The meeting, which was presided over by Chairman NAB Qamar Zaman Chaudhry, authorised an inquiry against Dr Firdous Ashiq Awan
Published 30 Sep, 2014 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (September 29, 2014).

Published 30 Sep, 2014 12:00am
EOBI scam: hearing adjourned sine die

EOBI scam: hearing adjourned sine die

Adjourning the hearing of mega Employees Old-Age Benefits Institution (EOBI) scam case for an indefinite period on Monday, the Supreme Court asked the concerned authorities to submit the details of contracts of land transactions. Converting a letter of a
Published 30 Sep, 2014 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (September 29, 2014).

Published 30 Sep, 2014 12:00am
EOBI scam: hearing adjourned sine die

EOBI scam: hearing adjourned sine die

Adjourning the hearing of mega Employees Old-Age Benefits Institution (EOBI) scam case for an indefinite period on Monday, the Supreme Court asked the concerned authorities to submit the details of contracts of land transactions. Converting a letter of a
Published 30 Sep, 2014 12:00am
UK to freeze welfare payment amounts for two years

UK to freeze welfare payment amounts for two years

British finance minister George Osborne said Monday there would be no increases in state benefits for the working-age population for two years to save £3.0 billion (3.8 billion euros, $4.9 billion) as part of a squeeze on welfare spending. As he announced
Published 30 Sep, 2014 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (September 29, 2014)

Published 30 Sep, 2014 12:00am
UK to freeze welfare payment amounts for two years

UK to freeze welfare payment amounts for two years

British finance minister George Osborne said Monday there would be no increases in state benefits for the working-age population for two years to save £3.0 billion (3.8 billion euros, $4.9 billion) as part of a squeeze on welfare spending. As he announced
Published 30 Sep, 2014 12:00am
Human-caused global warming blamed for some heat waves

Human-caused global warming blamed for some heat waves

Heat waves last year in Asia, Europe and Australia were influenced by human-caused climate change, but not all extreme weather events could be linked to global warming, scientists said Monday. A total of 16 extreme events - including rain, flood, droughts
Published 30 Sep, 2014 12:00am
Human-caused global warming blamed for some heat waves

Human-caused global warming blamed for some heat waves

Heat waves last year in Asia, Europe and Australia were influenced by human-caused climate change, but not all extreme weather events could be linked to global warming, scientists said Monday. A total of 16 extreme events - including rain, flood, droughts
Published 30 Sep, 2014 12:00am
Number of non-filers to be reduced: new benchmarks set for LTUs, RTOs

Number of non-filers to be reduced: new benchmarks set for LTUs, RTOs

The Federal Board of Revenue (FBR) has set new benchmarks for the Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) to reduce the number of non-filers/short-filers of returns below one percent in LTUs, less than 10 percent medium size non-filers
Published 30 Sep, 2014 12:00am
Number of non-filers to be reduced: new benchmarks set for LTUs, RTOs

Number of non-filers to be reduced: new benchmarks set for LTUs, RTOs

The Federal Board of Revenue (FBR) has set new benchmarks for the Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) to reduce the number of non-filers/short-filers of returns below one percent in LTUs, less than 10 percent medium size non-filers
Published 30 Sep, 2014 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Monday (September 29, 2014) and for Tuesday (September 30, 2014).
Published 30 Sep, 2014 12:00am
Number of non-filers to be reduced: new benchmarks set for LTUs, RTOs

Number of non-filers to be reduced: new benchmarks set for LTUs, RTOs

The Federal Board of Revenue (FBR) has set new benchmarks for the Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) to reduce the number of non-filers/short-filers of returns below one percent in LTUs, less than 10 percent medium size non-filers
Published 30 Sep, 2014 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (September 29, 2014).

Published 30 Sep, 2014 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 30 Sep, 2014 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 30 Sep, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (September 29, 2014).

Published 30 Sep, 2014 12:00am
Catalan independence vote: Spain's Constitutional Court suspends

Catalan independence vote: Spain's Constitutional Court suspends

Spain's Constitutional Court suspended on Monday an independence referendum called by Catalonia for November, although political forces in the wealthy north-east region forged ahead with a political campaign ahead of their planned vote. Spain's central go
Published 30 Sep, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (September 29, 2014).

Published 30 Sep, 2014 12:00am
Catalan independence vote: Spain's Constitutional Court suspends

Catalan independence vote: Spain's Constitutional Court suspends

Spain's Constitutional Court suspended on Monday an independence referendum called by Catalonia for November, although political forces in the wealthy north-east region forged ahead with a political campaign ahead of their planned vote. Spain's central go
Published 30 Sep, 2014 12:00am
The Weather

The Weather

The weather report on Monday (September 29, 2014) and the forecast for Tuesday (September 30, 2014).

Published 30 Sep, 2014 12:00am
Youm-e-Quaid-e-Millat on October 1

Youm-e-Quaid-e-Millat on October 1

Sir Syed University of Engineering and Technology (SSUET), is organising a programme to pay homage to the first prime minister of Pakistan, Nawabzada Liaqat Ali Khan, on October 1, at Bashir A. Malik auditorium block-F of the SSUET, here.
Published 30 Sep, 2014 12:00am
Youm-e-Quaid-e-Millat on October 1

Youm-e-Quaid-e-Millat on October 1

Sir Syed University of Engineering and Technology (SSUET), is organising a programme to pay homage to the first prime minister of Pakistan, Nawabzada Liaqat Ali Khan, on October 1, at Bashir A. Malik auditorium block-F of the SSUET, here.
Published 30 Sep, 2014 12:00am
Crude oil up on economic data, strong products market

Crude oil up on economic data, strong products market

US crude oil rose on Monday backed by strong US economic data, while Brent edged up after nearing a two-year low last week. With US refinery maintenance season around the corner, analysts said, prices for US crude, or West Texas Intermediate (WTI), may co
Published 30 Sep, 2014 12:00am
PTI's brinkmanship

PTI's brinkmanship

PTI Chairman Imran Khan's strategy to mobilise wider public support for his sit-in agenda by holding rallies in different cities is working. After an impressive rally in Karachi, he managed to draw a mammoth crowd in Lahore, the country's second biggest c
Published 30 Sep, 2014 12:00am
'Major policy reforms being introduced to double exports by 2018'

'Major policy reforms being introduced to double exports by 2018'

Federal Minister for Commerce, Engr Khurram Dastgir Khan on Monday said the government would introduce major policy reforms in the budget 2015-16 to materialise Prime Minister's dream of doubling the exports by 2018. The minister said the government was s
Published 30 Sep, 2014 12:00am
Global conference on 'Town Planning, Urban Management' held

Global conference on 'Town Planning, Urban Management' held

Federal Minister for Planning, Development and Reform Professor Ahsan Iqbal while addressing the international conference on "Town Planning and Urban Management 2014" on Monday has said that there is a need to promote urban planning and the significance o
Published 30 Sep, 2014 12:00am
Journalist Faizullah returns after release from Afghan jail

Journalist Faizullah returns after release from Afghan jail

Faizullah Khan, a Karachi-based reporter associated with private news channel, returned to Pakistan on Monday after being released from an Afghan jail. The orders to release Faizullah Khan were issued by the Nangarhar High Court in the eastern province of
Published 30 Sep, 2014 12:00am
107 alleged criminals held in 'encounters'

107 alleged criminals held in 'encounters'

City police on Monday claimed to have arrested around 107 alleged criminals in different targeted raids and encounters conducted at various parts of the metropolis during last 24 hours. The police said that their 96 raids and two encounters carried out as
Published 30 Sep, 2014 12:00am
Hearing of pleas adjourned to October 2

Hearing of pleas adjourned to October 2

The Supreme Court on Monday adjourned the hearing of three pleas that have sought disqualification of Prime Minister Mian Nawaz Sharif and Interior Minister Chauhdry Nisar Ali under Article 62 and 63 of the Constitution till October 2. Pakistan Muslim Lea
Published 30 Sep, 2014 12:00am
Five more killed in Karachi

Five more killed in Karachi

City's situation on Monday remained intense as, at least, five persons were fallen prey to the unabated spate of violence here. According to police and rescue sources, two boys of the same family named, Zeeshan, and Saqib were shot and killed while their
Published 30 Sep, 2014 12:00am
Supremacy of justice and merit will be ensured: Khattak

Supremacy of justice and merit will be ensured: Khattak

KP Chief Minister Pervez Khattak has reiterated the firm commitment of his PTI-led coalition government that supremacy of law, justice and merit would ensured at all costs. He was chairing a meeting about regularising the affairs of institute of Business
Published 30 Sep, 2014 12:00am
Prime Minister returns after attending UNGA session

Prime Minister returns after attending UNGA session

Prime Minister Muhammad Nawaz Sharif returned on Monday at the conclusion of his visit to New York, where he attended the 69th session of the UN General Assembly and forcefully projected Pakistan's position on Kashmir and other key regional and internatio
Published 30 Sep, 2014 12:00am
Government urged to withdraw GST on jewellers

Government urged to withdraw GST on jewellers

The Lahore Division Sarafa and Jewellers Association (LDSJA) and its more than 50 allied associations during a meeting held here on Monday with President LDSJA Haji Muhammad Afzal in the chair have expressed concern over the imposition of general sales ta
Published 30 Sep, 2014 12:00am
Government urged to withdraw GST on jewellers

Government urged to withdraw GST on jewellers

The Lahore Division Sarafa and Jewellers Association (LDSJA) and its more than 50 allied associations during a meeting held here on Monday with President LDSJA Haji Muhammad Afzal in the chair have expressed concern over the imposition of general sales ta
Published 30 Sep, 2014 12:00am
Party's decision: no PTI MPA to meet Speaker in individual capacity

Party's decision: no PTI MPA to meet Speaker in individual capacity

Pakistan Tehreek-e-Insaf (PTI) Punjab has decided that no PTI legislators will meet Punjab Assembly Speaker in his or her individual capacity or in small groups. This was decided in meeting of the PTI legislators held here on Monday to review a letter fro
Published 30 Sep, 2014 12:00am
PIAF greets new Tevta Punjab chief

PIAF greets new Tevta Punjab chief

Pakistan Industrial and Traders Association Front (PIAF) has felicitated Irfan Qaiser Sheikh on his appointment as Chairman Technical Education and Vocational Training Authority (Tevta), Punjab.
Published 30 Sep, 2014 12:00am
Flood victims: IKF dispatches 10 truckloads of emergency food

Flood victims: IKF dispatches 10 truckloads of emergency food

Imran Khan Foundation (IKF) has dispatched forth consignment of 10 trucks of emergency food relief meant for 2,250 families of the neediest and most underserved flood affectees in Shujabad, Jalalpur Pirwala in Multan and Alipur in Muzaffargarh. A send-off
Published 30 Sep, 2014 12:00am
Irregularities Pesa demands new elections after ECP admission

Irregularities Pesa demands new elections after ECP admission

The Pakistan Ex-servicemen Association (Pesa) on Monday said the government must opt for fresh elections after Election Commission of Pakistan's (ECP) admission of irregularities during the 2013 general elections. It said losses during the floods had expo
Published 30 Sep, 2014 12:00am