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Print - 2014-10-15
Toxic liquor deaths: SHC issues notices to IG Police, others

Toxic liquor deaths: SHC issues notices to IG Police, others

The Sindh High Court on Tuesday summoned the reply of the provincial police chief, excise department and other concerned government departments over massive deaths by consuming toxic liquor in Karachi and Hyderabad. Rana Faizul Hassan, a social worker, in
Published 15 Oct, 2014 12:00am
Modern MRI machine installed at Children Hospital

Modern MRI machine installed at Children Hospital

A modern Magnetic Resonance Imaging (MRI) machine has been installed at Children Hospital Lahore for which Chief Minister Shahbaz Sharif has provided funds of Rs 180 million. Advisor to Chief Minister Punjab on Health Kh Salman Rafique said MRI machine ha
Published 15 Oct, 2014 12:00am
'Sustainability of business lies in ability to sustain governance'

'Sustainability of business lies in ability to sustain governance'

Speakers at a seminar stressed the need of proactive approach to reap full benefits of advances in communication and changing market demand especially in the services sector. These views were expressed by different speakers at a seminar on 'Sustainability
Published 15 Oct, 2014 12:00am
US-led air strikes intensify as Syria conflict destabilises Turkey

US-led air strikes intensify as Syria conflict destabilises Turkey

American-led forces sharply intensified air strikes against Islamic State fighters threatening Kurds on Syria's Turkish border on Monday and Tuesday after the jihadists' advance began to destabilise Turkey. The coalition had conducted 21 attacks on the mi
Published 15 Oct, 2014 12:00am
New talks seek to overcome Iran nuclear impasse

New talks seek to overcome Iran nuclear impasse

Iran's foreign minister said Tuesday "numerous questions" remain in talks with world powers aimed at breaking a deadlock in nuclear negotiations, as a delegation he led held fresh discussions with US and EU representatives in Vienna. The two sides have ju
Published 15 Oct, 2014 12:00am
Russia won't bow to EU demands over sanctions: Lavrov

Russia won't bow to EU demands over sanctions: Lavrov

Russian Foreign Minister Sergei Lavrov struck a defiant note on Tuesday, saying Moscow was not planning to buckle to Western demands to ease sanctions over its handling of the Ukraine crisis. Speaking ahead of key talks with US Secretary of State John Ker
Published 15 Oct, 2014 12:00am
Tough issues remain on Iran, but nuclear 'deal not out of reach': Kerry

Tough issues remain on Iran, but nuclear 'deal not out of reach': Kerry

US Secretary of State John Kerry said Tuesday he believed a nuclear deal with Iran was still in sight, despite a deadlock in talks just six weeks before a final accord is due. "I don't believe it's out of reach, but we have some tough issues to resolve,"
Published 15 Oct, 2014 12:00am
Leader of gang in Mexico's missing students case dies

Leader of gang in Mexico's missing students case dies

A leader of a Mexican gang linked to the disappearance of 43 students died during a police operation Tuesday amid growing anger and protests over the missing young men's fate. Guerreros Unidos honcho Benjamin Mondragon apparently killed himself when feder
Published 15 Oct, 2014 12:00am
North Korea leader Kim re-appears, with walking stick

North Korea leader Kim re-appears, with walking stick

North Korean leader Kim Jong Un, shown using a cane for support, re-appeared in state media on Tuesday after a lengthy public absence that had fuelled speculation over his health and grip on power in the secretive, nuclear-capable country.
Published 15 Oct, 2014 12:00am
Sri Lankan military to return Tamil civilians' gold

Sri Lankan military to return Tamil civilians' gold

Sri Lanka's military announced Tuesday it would return unspecified quantities of gold jewellery recovered from a battle site dating to the crushing of separatist Tamil Tiger rebels more than five years ago. Security forces have identified 2,377 "legitimat
Published 15 Oct, 2014 12:00am
Balloons, 'Heroes' to mark 25 years since fall of Berlin Wall

Balloons, 'Heroes' to mark 25 years since fall of Berlin Wall

Germany will throw a giant street party next month to mark 25 years since the fall of the Berlin Wall with light shows, Beethoven and a rendition of David Bowie's Cold War hit "Heroes". Techno beats, rock anthems and on-stage talks by former anti-communis
Published 15 Oct, 2014 12:00am
Three missing as Gonzalo strengthens over Atlantic

Three missing as Gonzalo strengthens over Atlantic

Hurricane Gonzalo gained greater strength as it moved over the open Atlantic Tuesday, leaving several people missing in the Caribbean, forecasters said. Packing maximum sustained winds of 110 miles (175 kilometers) an hour, with gusts even stronger, Gonza
Published 15 Oct, 2014 12:00am
Tunisia arrests 12 over 'terror' charges: ministry

Tunisia arrests 12 over 'terror' charges: ministry

Tunisia said Tuesday the brother of a jihadists leader and a woman accused of running the "media wing" of a radical group were among 12 arrested by security forces over "terrorism" charges. Since the 2011 uprising that ousted Zine El Abidine Ben Ali in Ja
Published 15 Oct, 2014 12:00am
Misbahul Haq to remain skipper till World Cup 2015: Shaharyar

Misbahul Haq to remain skipper till World Cup 2015: Shaharyar

Pakistan Cricket Board (PCB) chairman Shaharyar Khan has dispelled all rumours about captaincy of Pakistan cricket team and said Misbahul Haq would remain skipper till World Cup 2015. "There is no pressure on Misbah and the controversy surrounding the ste
Published 15 Oct, 2014 12:00am
PCB chief blasts Afridi over captaincy

PCB chief blasts Afridi over captaincy

Pakistan's cricket chief Tuesday blasted an 'irresponsible' Shahid Afridi for creating confusion around the team captaincy and said the popular big-hitting all-rounder could face disciplinary action. Afridi, who led Pakistan in the third and final one-day
Published 15 Oct, 2014 12:00am
Fit-again Clarke hopes Australia carry momentum

Fit-again Clarke hopes Australia carry momentum

Fit-again Australian captain Michael Clarke said Tuesday he hopes his team can carry the momentum of its Twenty20 and one-day wins over Pakistan into the two-match Test series starting next week. Australia routed Pakistan 3-0 in the one-day series which f
Published 15 Oct, 2014 12:00am
ISE index falls by 26.19 points

ISE index falls by 26.19 points

Bears retuned in the driving seat at the Islamabad Stock Exchange (ISE) on Tuesday, where losers outclassed gainers amid decrease in index. ISE Ten Index showed a decrease of 26.19 points as the ISE Ten Index moved from 4,378.38 to 4,352.19 points. The ov
Published 15 Oct, 2014 12:00am
There's no room for technocrat government: Zardari

There's no room for technocrat government: Zardari

Former President Asif Zardari has said there is no room for a dictatorship or a government of technocrats in Pakistan. According to him, bad news is good news these days because the media is in search of news. He was talking to a delegation of PPP women w
Published 15 Oct, 2014 12:00am
Former UBS banker's tax trial opens in Florida

Former UBS banker's tax trial opens in Florida

Former UBS banker Raoul Weil went on trial here on Tuesday, charged of conspiring to help Americans hide billions of dollars from US tax authorities. Impeccably dressed in a dark suit, Weil, who has pleaded not guilty, looked relaxed as his trial opened i
Published 15 Oct, 2014 12:00am
Former UBS banker's tax trial opens in Florida

Former UBS banker's tax trial opens in Florida

Former UBS banker Raoul Weil went on trial here on Tuesday, charged of conspiring to help Americans hide billions of dollars from US tax authorities. Impeccably dressed in a dark suit, Weil, who has pleaded not guilty, looked relaxed as his trial opened i
Published 15 Oct, 2014 12:00am
All set for by-poll in NA-149

All set for by-poll in NA-149

The Election Commission of Pakistan (ECP) on Tuesday finalised all arrangements for holding by-election in NA-149 Multan-II where as 90 polling stations were declared most sensitive,97 polling station in "B" category of sensitivity while 99 were fallen in
Published 15 Oct, 2014 12:00am
Indian hacker hacks LHC website

Indian hacker hacks LHC website

Lahore High Court (LHC) website was hacked by an Indian hacker on Tuesday. A press release issued by LHC PRO said that fortunately the data remained safe and intact. He said the first page of the website has been recovered and efforts are afoot to retriev
Published 15 Oct, 2014 12:00am
UK banks in mis-selling scandal pay out less than half of refund pot

UK banks in mis-selling scandal pay out less than half of refund pot

Britain's biggest banks have paid out less than 40 percent of the 4 billion pounds ($6.4 billion) set aside to cover the mis-selling of complex interest rate hedging products, according to data from the financial regulator. The mis-selling is one of a num
Published 15 Oct, 2014 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 15 Oct, 2014 12:00am
UK banks in mis-selling scandal pay out less than half of refund pot

UK banks in mis-selling scandal pay out less than half of refund pot

Britain's biggest banks have paid out less than 40 percent of the 4 billion pounds ($6.4 billion) set aside to cover the mis-selling of complex interest rate hedging products, according to data from the financial regulator. The mis-selling is one of a num
Published 15 Oct, 2014 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 15 Oct, 2014 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 15 Oct, 2014 12:00am
Nonappointment of SECP chief irks National Assembly panel

Nonappointment of SECP chief irks National Assembly panel

The National Assembly's Standing Committee on Finance has expressed serious concern at nonappointment of permanent Chairman and Commissioners of Securities and Exchange Commission of Pakistan (SECP), responsible for regulation of corporate sector and to p
Published 15 Oct, 2014 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 15 Oct, 2014 12:00am
Nonappointment of SECP chief irks National Assembly panel

Nonappointment of SECP chief irks National Assembly panel

The National Assembly's Standing Committee on Finance has expressed serious concern at nonappointment of permanent Chairman and Commissioners of Securities and Exchange Commission of Pakistan (SECP), responsible for regulation of corporate sector and to p
Published 15 Oct, 2014 12:00am
Nonappointment of SECP chief irks National Assembly panel

Nonappointment of SECP chief irks National Assembly panel

The National Assembly''s Standing Committee on Finance has expressed serious concern at nonappointment of permanent Chairman and Commissioners of Securities and Exchange Commission of Pakistan (SECP), responsible for regulation of corporate sector and to
Published 15 Oct, 2014 12:00am
Six TTP commanders announce allegiance to IS

Six TTP commanders announce allegiance to IS

Six top commanders of the outlawed Tehreek-e-Taliban Pakistan (TTP), including spokesman Shahidullah Shahid, have announced their allegiance to Abu Bakar Al-Baghdadi of the Islamic State (IS). Shahidullah Shahid said in a statement that he along with five
Published 15 Oct, 2014 12:00am
Six TTP commanders announce allegiance to IS

Six TTP commanders announce allegiance to IS

Six top commanders of the outlawed Tehreek-e-Taliban Pakistan (TTP), including spokesman Shahidullah Shahid, have announced their allegiance to Abu Bakar Al-Baghdadi of the Islamic State (IS). Shahidullah Shahid said in a statement that he along with five
Published 15 Oct, 2014 12:00am
Former colleague shoots US contractors in Riyadh

Former colleague shoots US contractors in Riyadh

The gunman who shot and killed an American and wounded another in Riyadh was a disgruntled former employee of defence contractor Vinnell Arabia and a US-Saudi citizen, a US diplomat said. The victims of Tuesday's shooting at a gas station in the Saudi cap
Published 15 Oct, 2014 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (October 14, 2014).

Published 15 Oct, 2014 12:00am
Former colleague shoots US contractors in Riyadh

Former colleague shoots US contractors in Riyadh

The gunman who shot and killed an American and wounded another in Riyadh was a disgruntled former employee of defence contractor Vinnell Arabia and a US-Saudi citizen, a US diplomat said. The victims of Tuesday's shooting at a gas station in the Saudi cap
Published 15 Oct, 2014 12:00am
Lahore, Sheikhupura: 'dengue situation under control'

Lahore, Sheikhupura: 'dengue situation under control'

Advisor to Chief Minister Punjab on Health Kh Salman Rafique while presiding over a meeting of cabinet committee on dengue at Civil Secretariat on Tuesday has said that the dengue situation is under control due to co-ordinated efforts of all departments i
Published 15 Oct, 2014 12:00am
Clouds of martial law dissipate: JI Amir

Clouds of martial law dissipate: JI Amir

Ameer Jamaat-i-Islami, Pakistan, Sirajul Haq, has said that the clouds of martial law had dissipated but the democracy in the country still remained on the death bed. Talking to media persons at Mansoora after a call on by a Lahore High Court Bar Associat
Published 15 Oct, 2014 12:00am
THE RUPEE: modest fall

THE RUPEE: modest fall

The rupee managed to resist sharp losses against the dollar on the money market on Tuesday, dealers said.
Published 15 Oct, 2014 12:00am
Australia's wheat output seen down 11 percent on dry weather

Australia's wheat output seen down 11 percent on dry weather

Australia's wheat production is expected drop 11 percent this year as a dry spring in some of the country's key producing states curbs yields, giving a breather to an amply supplied global market, a Reuters survey showed. Lower wheat output in Australia,
Published 15 Oct, 2014 12:00am
THE RUPEE: modest fall

THE RUPEE: modest fall

The rupee managed to resist sharp losses against the dollar on the money market on Tuesday, dealers said.
Published 15 Oct, 2014 12:00am
Carpet exports drop by 50 percent in 5 years: TDAP CE

Carpet exports drop by 50 percent in 5 years: TDAP CE

The Chief Executive of Trade Development Authority of Pakistan (TDAP) S M Muneer has said that Pakistan's carpet export has dropped by 50 percent in last five years while the export of rugs from India has shown growth of over nine percent in early 2014-15
Published 15 Oct, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (October 14, 2014).

Published 15 Oct, 2014 12:00am
ACCA, LSE hold seminar on 'Capital Gains Tax'

ACCA, LSE hold seminar on 'Capital Gains Tax'

The Association of Chartered Certified Accountants (ACCA) and the Lahore Stock Exchange (LSE) jointly organised a seminar on 'Capital Gains Tax' bringing together the Directors and Board Committee Members of the LSE, investment analysts and senior account
Published 15 Oct, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (October 14, 2014).

Published 15 Oct, 2014 12:00am
ACCA, LSE hold seminar on 'Capital Gains Tax'

ACCA, LSE hold seminar on 'Capital Gains Tax'

The Association of Chartered Certified Accountants (ACCA) and the Lahore Stock Exchange (LSE) jointly organised a seminar on 'Capital Gains Tax' bringing together the Directors and Board Committee Members of the LSE, investment analysts and senior account
Published 15 Oct, 2014 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Tuesday (October 14, 2014).

Published 15 Oct, 2014 12:00am
Luxury tax on houses: LHC seeks reply from Punjab government

Luxury tax on houses: LHC seeks reply from Punjab government

The Lahore High Court here on Tuesday on extending stay in petitions challenging luxury tax on houses of two canals or more, directed the provincial government to submit its reply by November 10. The petitioners through their counsel told that the Punjab
Published 15 Oct, 2014 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (October 14, 2014)

Published 15 Oct, 2014 12:00am
Pakistan, India spar over Kashmir after dispute raised at UN panel

Pakistan, India spar over Kashmir after dispute raised at UN panel

Representatives of India and Pakistan engaged in a verbal exchange over the Kashmir dispute in a UN panel, after a Pakistani diplomat underscored the need for settling the decades-old dispute to usher in peace and stability in South Asia.
Published 15 Oct, 2014 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Tuesday (October 14, 2014) and for Wednesday (October 15, 2014).
Published 15 Oct, 2014 12:00am
Another illegal gateway exchange busted in Lahore

Another illegal gateway exchange busted in Lahore

Pakistan Telecommunication Authority (PTA) in its ongoing efforts to control grey trafficking unearthed another illegal gateway exchange in Lahore. According to details, a successful raid against the grey operators was carried out along with FIA team at B
Published 15 Oct, 2014 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (October 14, 2014).

Published 15 Oct, 2014 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 15 Oct, 2014 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 15 Oct, 2014 12:00am
'Islamic microfinance an effective tool of financial inclusion'

'Islamic microfinance an effective tool of financial inclusion'

Islamic finance is the best suited system for poverty alleviation that can be utilised both by Muslims and non-Muslims as an system to cut down poverty dilemma from all over the world, it can also be utilised as an effective tool of financial inclusion as
Published 15 Oct, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (October 14, 2014).

Published 15 Oct, 2014 12:00am
PTI body demands cessation of drone strikes

PTI body demands cessation of drone strikes

Members of Pakistan Tehreek-i-Insaf organising committee Fata demanded the immediate cessation of drones strikes on tribal region, and termed the attacks were against sovereignty and territorial integrity of the county, which must be halted. They also ann
Published 15 Oct, 2014 12:00am
The Weather

The Weather

The weather report on Tuesday (October 14, 2014) and the forecast for Wednesday (October 15, 2014).

Published 15 Oct, 2014 12:00am
Nisar orders removal of containers

Nisar orders removal of containers

Interior Minister Chaudhry Nisar Ali Khan on Tuesday directed the district administration to remove containers from all the roads of the capital city except the Constitution Avenue. An official of the Ministry of Interior said that the Interior Minister a
Published 15 Oct, 2014 12:00am
PTI MNAs given more weeks

PTI MNAs given more weeks

Speaker National Assembly Sardar Ayaz Saddiq has given two more weeks to Pakistan Tehreek-e-Insaf (PTI) for verification of their resignations, it is learnt. According to sources, three more lawmakers of PTI did not appear on Tuesday in the office of the
Published 15 Oct, 2014 12:00am
SU releases new five-year strategic plan 2014-19

SU releases new five-year strategic plan 2014-19

The University of Sindh Jamshoro has released a new strategic plan 2014-19 that will guide the University to forward over the next five years. The five-year strategic plan 2014-19 has been developed as per instructions of the Higher Education Commission u
Published 15 Oct, 2014 12:00am
One killed, two injured in trains' collision

One killed, two injured in trains' collision

One person was killed while two others injured when a speedy passenger train hit a cargo train at 'Run Pathani' some 120km far from Karachi. Divisional Superintendent (DS) Nisar Memon told Business Recorder that the train service from the both ups
Published 15 Oct, 2014 12:00am
JS Bank branch at IBA Karachi inaugurated

JS Bank branch at IBA Karachi inaugurated

Jahangir Siddiqui, Chairman JS Bank inaugurated the 212th branch of JS Bankat IBA Karachi. The ceremony was attended by distinguished citizens of Karachi and senior management of JS Bank.
Published 15 Oct, 2014 12:00am
JS Bank branch at IBA Karachi inaugurated

JS Bank branch at IBA Karachi inaugurated

Jahangir Siddiqui, Chairman JS Bank inaugurated the 212th branch of JS Bankat IBA Karachi. The ceremony was attended by distinguished citizens of Karachi and senior management of JS Bank.
Published 15 Oct, 2014 12:00am
JSQM leader passes away

JSQM leader passes away

Jiaye Sindh Qaumi Mahaz (JSQM) leader Muhammad Mithal Kalani injured in road accident passed away on Tuesday during treatment. Mithal, brother of JSQM vice chairman from Larkana Dr Niaz Kalani, was injured when two vehicles intentionally rammed his car th
Published 15 Oct, 2014 12:00am