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Print - 2014-10-18
FDI declines by 27 percent

FDI declines by 27 percent

Foreign Direct Investment (FDI) plunged by 27 percent during the first quarter (July-September) of the current fiscal year FY15 mainly due to prevailing political uncertainty in the country. Economists said the trend was not surprising, as since the begin
Published 18 Oct, 2014 12:00am
Hashmi's defeat lesson for Nawaz, Zardari: Imran

Hashmi's defeat lesson for Nawaz, Zardari: Imran

Chairman Pakistan Tehreek-e-Insaf Imran Khan on Friday restated that his party would not end sit-in until Prime Minister Nawaz Sharif stepped down. He said the victory of a PTI-backed candidate in a Multan by-poll was a big lesson for PML-N and PPP. "Peop
Published 18 Oct, 2014 12:00am
Hashmi's defeat lesson for Nawaz, Zardari: Imran

Hashmi's defeat lesson for Nawaz, Zardari: Imran

Chairman Pakistan Tehreek-e-Insaf Imran Khan on Friday restated that his party would not end sit-in until Prime Minister Nawaz Sharif stepped down. He said the victory of a PTI-backed candidate in a Multan by-poll was a big lesson for PML-N and PPP. "Peop
Published 18 Oct, 2014 12:00am
Nawaz product of Gate No 4 of GHQ: Rashid

Nawaz product of Gate No 4 of GHQ: Rashid

Addressing people at Pakistan Tehreek-e-Insaf rally in Sargodha on Friday, Sh Rashid said that some people were of the view that this movement enjoyed the support of army. "I want to say that Nawaz Sharif is the product of Gate No 4 of GHQ," he added. "Im
Published 18 Oct, 2014 12:00am
Nawaz product of Gate No 4 of GHQ: Rashid

Nawaz product of Gate No 4 of GHQ: Rashid

Addressing people at Pakistan Tehreek-e-Insaf rally in Sargodha on Friday, Sh Rashid said that some people were of the view that this movement enjoyed the support of army. "I want to say that Nawaz Sharif is the product of Gate No 4 of GHQ," he added. "Im
Published 18 Oct, 2014 12:00am
Index sheds 99 points

Index sheds 99 points

Sentiment at the Karachi share market remained negative for the third day in a row and the benchmark KSE-100 index lost 99 points to close at 29,883 points Friday compared to 29,982 points Thursday. The market opened on a positive note, touching intraday
Published 18 Oct, 2014 12:00am
Index sheds 99 points

Index sheds 99 points

Sentiment at the Karachi share market remained negative for the third day in a row and the benchmark KSE-100 index lost 99 points to close at 29,883 points Friday compared to 29,982 points Thursday. The market opened on a positive note, touching intraday
Published 18 Oct, 2014 12:00am
Index sheds 99 points

Index sheds 99 points

Sentiment at the Karachi share market remained negative for the third day in a row and the benchmark KSE-100 index lost 99 points to close at 29,883 points Friday compared to 29,982 points Thursday. The market opened on a positive note, touching intraday
Published 18 Oct, 2014 12:00am
BRIndex30 loses 133.61 points

BRIndex30 loses 133.61 points

On Friday, BRIndex30 opened at 16,187.26 points. It touched an intraday high of 16,283.11 and an intraday low of 16,034.43 points and closed at 16,053.65 points which was -133.61 points or -0.83 percent lower than previous close. Total volume was 65,586,8
Published 18 Oct, 2014 12:00am
BRIndex30 loses 133.61 points

BRIndex30 loses 133.61 points

On Friday, BRIndex30 opened at 16,187.26 points. It touched an intraday high of 16,283.11 and an intraday low of 16,034.43 points and closed at 16,053.65 points which was -133.61 points or -0.83 percent lower than previous close. Total volume was 65,586,8
Published 18 Oct, 2014 12:00am
US inequality near highest levels in 100 years: Fed chief

US inequality near highest levels in 100 years: Fed chief

Federal Reserve chief Janet Yellen warned Friday that the gap between the rich and poor in the United States is widening and is near the highest levels seen in 100 years. In a speech at a conference on inequality in Boston, Yellen did not mention monetary
Published 18 Oct, 2014 12:00am
US inequality near highest levels in 100 years: Fed chief

US inequality near highest levels in 100 years: Fed chief

Federal Reserve chief Janet Yellen warned Friday that the gap between the rich and poor in the United States is widening and is near the highest levels seen in 100 years. In a speech at a conference on inequality in Boston, Yellen did not mention monetary
Published 18 Oct, 2014 12:00am
US inequality near highest levels in 100 years: Fed chief

US inequality near highest levels in 100 years: Fed chief

Federal Reserve chief Janet Yellen warned Friday that the gap between the rich and poor in the United States is widening and is near the highest levels seen in 100 years. In a speech at a conference on inequality in Boston, Yellen did not mention monetary
Published 18 Oct, 2014 12:00am
Transactions of HBL, ABL: appointment of financial advisor anytime soon

Transactions of HBL, ABL: appointment of financial advisor anytime soon

The process for appointment of a Financial Advisor for transactions of Habib Bank Limited (HBL)) and Allied Bank Limited (ABL) is in an advance stage and will be completed shortly, according to Privatisation Commission. A meeting chaired by Finance Minist
Published 18 Oct, 2014 12:00am
Transactions of HBL, ABL: appointment of financial advisor anytime soon

Transactions of HBL, ABL: appointment of financial advisor anytime soon

The process for appointment of a Financial Advisor for transactions of Habib Bank Limited (HBL)) and Allied Bank Limited (ABL) is in an advance stage and will be completed shortly, according to Privatisation Commission. A meeting chaired by Finance Minist
Published 18 Oct, 2014 12:00am
Transactions of HBL, ABL: appointment of financial advisor anytime soon

Transactions of HBL, ABL: appointment of financial advisor anytime soon

The process for appointment of a Financial Advisor for transactions of Habib Bank Limited (HBL)) and Allied Bank Limited (ABL) is in an advance stage and will be completed shortly, according to Privatisation Commission. A meeting chaired by Finance Minist
Published 18 Oct, 2014 12:00am
Nasser appointed PIA chairman

Nasser appointed PIA chairman

Federal government on Friday appointed Nasser N S Jaffer as chairman, Pakistan International Airlines (PIA), with immediate effect. At present, Nasser N S Jaffer is the CEO of Jaffer Group of Companies and member of Board of Directors of PIA, an official
Published 18 Oct, 2014 12:00am
Nasser appointed PIA chairman

Nasser appointed PIA chairman

Federal government on Friday appointed Nasser N S Jaffer as chairman, Pakistan International Airlines (PIA), with immediate effect. At present, Nasser N S Jaffer is the CEO of Jaffer Group of Companies and member of Board of Directors of PIA, an official
Published 18 Oct, 2014 12:00am
Nasser appointed PIA chairman

Nasser appointed PIA chairman

Federal government on Friday appointed Nasser N S Jaffer as chairman, Pakistan International Airlines (PIA), with immediate effect. At present, Nasser N S Jaffer is the CEO of Jaffer Group of Companies and member of Board of Directors of PIA, an official
Published 18 Oct, 2014 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 18 Oct, 2014 12:00am
Investment framework guarantees level-playing field

Investment framework guarantees level-playing field

Federal Minister for Finance, Ishaq Dar on Friday chaired a meeting of the committee associated with China-Pakistan Economic Corridor Power Projects. The committee was of the view that framework of investment in the power sector under the current power po
Published 18 Oct, 2014 12:00am
Investment framework guarantees level-playing field

Investment framework guarantees level-playing field

Federal Minister for Finance, Ishaq Dar on Friday chaired a meeting of the committee associated with China-Pakistan Economic Corridor Power Projects. The committee was of the view that framework of investment in the power sector under the current power po
Published 18 Oct, 2014 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 18 Oct, 2014 12:00am
Investment framework guarantees level-playing field

Investment framework guarantees level-playing field

Federal Minister for Finance, Ishaq Dar on Friday chaired a meeting of the committee associated with China-Pakistan Economic Corridor Power Projects. The committee was of the view that framework of investment in the power sector under the current power po
Published 18 Oct, 2014 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 18 Oct, 2014 12:00am
Regional peace vital for socio-economic gains: Nawaz

Regional peace vital for socio-economic gains: Nawaz

Prime Minister Muhammad Nawaz Sharif has said Pakistan desires peace and tranquillity both within and outside its borders to achieve the much-needed socio-economic development goals. "We cannot afford to be distracted in fulfilling our national objectives
Published 18 Oct, 2014 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 18 Oct, 2014 12:00am
Regional peace vital for socio-economic gains: Nawaz

Regional peace vital for socio-economic gains: Nawaz

Prime Minister Muhammad Nawaz Sharif has said Pakistan desires peace and tranquillity both within and outside its borders to achieve the much-needed socio-economic development goals. "We cannot afford to be distracted in fulfilling our national objectives
Published 18 Oct, 2014 12:00am
Muhajirs owner of 80 percent Sindh, claims MQM

Muhajirs owner of 80 percent Sindh, claims MQM

Muttahida Qaumi Movement (MQM) Rabita Committee condemned the statement made by Leader of Opposition Syed Khursheed Shah and termed it abusive against the Urdu-speaking community of Sindh. Addressing a press conference at MQM HQs on Friday, Haider Abbas R
Published 18 Oct, 2014 12:00am
Muhajirs owner of 80 percent Sindh, claims MQM

Muhajirs owner of 80 percent Sindh, claims MQM

Muttahida Qaumi Movement (MQM) Rabita Committee condemned the statement made by Leader of Opposition Syed Khursheed Shah and termed it abusive against the Urdu-speaking community of Sindh. Addressing a press conference at MQM HQs on Friday, Haider Abbas R
Published 18 Oct, 2014 12:00am
Khursheed tenders apology

Khursheed tenders apology

Leader of the Opposition in National Assembly (NA) Syed Khursheed Shah on Friday tendered an apology for his controversial remarks that he made about those who migrated from India to a new independent country, Pakistan. His apology came minutes after MQM
Published 18 Oct, 2014 12:00am
Khursheed tenders apology

Khursheed tenders apology

Leader of the Opposition in National Assembly (NA) Syed Khursheed Shah on Friday tendered an apology for his controversial remarks that he made about those who migrated from India to a new independent country, Pakistan. His apology came minutes after MQM
Published 18 Oct, 2014 12:00am
PUC condemns IS

PUC condemns IS

A leading group of clerics on Friday condemned the Islamic State organisation, amid concerns the hard-line jihadists could gain a foothold in the militant-plagued nuclear state. The Pakistan Ulema Council (PUC) said the IS group, which has declared a "cal
Published 18 Oct, 2014 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (October 17, 2014).

Published 18 Oct, 2014 12:00am
PUC condemns IS

PUC condemns IS

A leading group of clerics on Friday condemned the Islamic State organisation, amid concerns the hard-line jihadists could gain a foothold in the militant-plagued nuclear state. The Pakistan Ulema Council (PUC) said the IS group, which has declared a "cal
Published 18 Oct, 2014 12:00am
PPP public meeting today

PPP public meeting today

The stage is set for the Pakistan People's Party (PPP) much hyped October 18 rally to be held at Bagh-e-Jinnah near the Quaid's mausoleum. The convoys of PPP workers are travelling to Karachi from throughout the country to attend a public meeting which wi
Published 18 Oct, 2014 12:00am
PPP public meeting today

PPP public meeting today

The stage is set for the Pakistan People's Party (PPP) much hyped October 18 rally to be held at Bagh-e-Jinnah near the Quaid's mausoleum. The convoys of PPP workers are travelling to Karachi from throughout the country to attend a public meeting which wi
Published 18 Oct, 2014 12:00am
Iranian guards, Pakistani soldier killed

Iranian guards, Pakistani soldier killed

Two Iranian border guards and a paramilitary officer were killed in a shooting incident, sources on the two sides said Friday, as Tehran said rebels tried to infiltrate the country. "Several rebels" also died in the fighting Thursday night, Iran's news ag
Published 18 Oct, 2014 12:00am
Iranian guards, Pakistani soldier killed

Iranian guards, Pakistani soldier killed

Two Iranian border guards and a paramilitary officer were killed in a shooting incident, sources on the two sides said Friday, as Tehran said rebels tried to infiltrate the country. "Several rebels" also died in the fighting Thursday night, Iran's news ag
Published 18 Oct, 2014 12:00am
THE RUPEE: stable trend

THE RUPEE: stable trend

Firmness prevailed on the money market on Friday as the rupee improved slightly versus the dollar amid the process of trading, dealers said. The rupee held the overnight levels against the dollar for buying and selling at Rs 102.88 and Rs 102.90 respectiv
Published 18 Oct, 2014 12:00am
THE RUPEE: stable trend

THE RUPEE: stable trend

Firmness prevailed on the money market on Friday as the rupee improved slightly versus the dollar amid the process of trading, dealers said. The rupee held the overnight levels against the dollar for buying and selling at Rs 102.88 and Rs 102.90 respectiv
Published 18 Oct, 2014 12:00am
TV anchor banned by LHC

TV anchor banned by LHC

The Lahore High Court here on Friday issued bailable arrest warrants for president of a private news channel Salman Iqbal, its anchorperson Mubashar Lucman, producer of programme "Khara Sach" and the owner of a defunct 'visa consultancy' firm Asim Malik.
Published 18 Oct, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (October 17, 2014).

Published 18 Oct, 2014 12:00am
TV anchor banned by LHC

TV anchor banned by LHC

The Lahore High Court here on Friday issued bailable arrest warrants for president of a private news channel Salman Iqbal, its anchorperson Mubashar Lucman, producer of programme "Khara Sach" and the owner of a defunct 'visa consultancy' firm Asim Malik.
Published 18 Oct, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (October 17, 2014).

Published 18 Oct, 2014 12:00am
FDI declines by 27 percent

FDI declines by 27 percent

Foreign Direct Investment (FDI) plunged by 27 percent during the first quarter (July-September) of the current fiscal year FY15 mainly due to prevailing political uncertainty in the country. Economists said the trend was not surprising, as since the begin
Published 18 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 Friday (October 17, 2014).

Published 18 Oct, 2014 12:00am
Governor Punjab congratulates Dogar

Governor Punjab congratulates Dogar

Punjab Governor Chaudhry Muhammad Sarwar on Friday congratulated Amir Dogar, who won Multan by-polls beating Javed Hashmi with the support of Pakistan Tehreek-e-Insaf. Talking to media here, he said that Hashmi by accepting his defeat graciously followed
Published 18 Oct, 2014 12:00am
Hindu Council demands public holiday on Deewali

Hindu Council demands public holiday on Deewali

Patron-in-Chief of Pakistan Hindu Council Dr Ramesh Kumar Vankwani, MNA (PML-N), has urged the government to declare 23rd October public holiday to celebrate the Hindu religious festival Deewali for interfaith harmony in Pakistan.
Published 18 Oct, 2014 12:00am
Increase in flour prices ruled out

Increase in flour prices ruled out

Punjab's cabinet committee for price control has ruled out the possibility of any increase in flour prices in the province especially in the wake of presence of three million tons of wheat in government stocks. It was claimed at a meeting of the committee
Published 18 Oct, 2014 12:00am
Possible Ebola virus outbreak: Punjab prepares comprehensive plan

Possible Ebola virus outbreak: Punjab prepares comprehensive plan

Pursuant to directions of federal government, Punjab Health department has prepared a comprehensive plan to control possible Ebola virus outbreak that played havoc in Africa. Precautionary arrangements have been launched at airports to screen passengers w
Published 18 Oct, 2014 12:00am
UK universities team visits LCWU

UK universities team visits LCWU

British Council led delegation of twenty representatives from different universities in UK visited Lahore College for Women University (LCWU) on Friday. International Resource Centre LCWU under the umbrella of DFDI (Department of Faculty Development and I
Published 18 Oct, 2014 12:00am
Sherazi Brothers meets Shahbaz

Sherazi Brothers meets Shahbaz

Sherazi Brothers of Sindh called on Punjab Chief Minister Muhammad Shahbaz Sharif, here Friday. Matters of mutual interest and political situation were discussed in the meeting. Speaking on the occasion, the Chief Minister said that Pakistan is facing the
Published 18 Oct, 2014 12:00am
Turkish trade group CEO meets Shahbaz

Turkish trade group CEO meets Shahbaz

A delegation of prominent Turkish trade group Compak met Punjab Chief Minister Muhammad Shahbaz Sharif here on Friday. Matters regarding co-operation in transport and solid waste management sectors were discussed in the meeting. Talking to the delegation,
Published 18 Oct, 2014 12:00am
Health managers: 'holding of workshops essential for capacity-building'

Health managers: 'holding of workshops essential for capacity-building'

Secretary Health Punjab Jawad Rafique Malik has said that holding of training workshops are essential for capacity-building of health managers, uplift of health sector and providing best treatment facilities to the people for which computer technology and
Published 18 Oct, 2014 12:00am
APTMA chief criticises increased power tariff

APTMA chief criticises increased power tariff

Central Chairman APTMA S M Tanveer has said there is no subsidy of any sort on the textile industry's electricity tariff. Instead, he said, 67 percent increase in textile industry tariff has made it unsustainable. Furthermore, the textile industry has bee
Published 18 Oct, 2014 12:00am
Gas supply: LCCI urges government to give industrial sector top priority

Gas supply: LCCI urges government to give industrial sector top priority

The Lahore Chamber of Commerce and Industry on Friday urged the government to give top priority to the industrial sector in gas supply. LCCI President Ijaz A Mumtaz said in a statement that there is a need to reset priority list keeping in view the econom
Published 18 Oct, 2014 12:00am
COMSATS marks 20th anniversary of its establishment

COMSATS marks 20th anniversary of its establishment

While marking the 20th anniversary of COMSATS, scientists and researchers are of the unanimous viewed that the COMSATS is playing a vibrant role in achieving its set goals by adopting a multifaceted strategy that is based on advocacy of S&T; capacity buil
Published 18 Oct, 2014 12:00am
Rs 350 million Modarba scam: NAB Rawalpindi arrests accused

Rs 350 million Modarba scam: NAB Rawalpindi arrests accused

The National Accountability Bureau (NAB) Rawalpindi has arrested an accused Muhammad Saqib of Global Concerns in a Rs 350 million case of Modarba scam. Accused Mufti Saqib and Mati-ur-Rehman in connivance with another accused cheated public at large in th
Published 18 Oct, 2014 12:00am
Rs 350 million Modarba scam: NAB Rawalpindi arrests accused

Rs 350 million Modarba scam: NAB Rawalpindi arrests accused

The National Accountability Bureau (NAB) Rawalpindi has arrested an accused Muhammad Saqib of Global Concerns in a Rs 350 million case of Modarba scam. Accused Mufti Saqib and Mati-ur-Rehman in connivance with another accused cheated public at large in th
Published 18 Oct, 2014 12:00am
Sartaj to visit Kabul tomorrow

Sartaj to visit Kabul tomorrow

Adviser to the Prime Minister on National Security and Foreign Affairs Sartaj Aziz will be visiting Kabul tomorrow (Sunday) as special envoy of the Prime Minister to extend a formal invitation to President Mohammad Ashraf Ghani Ahmadzai to visit Pakistan.
Published 18 Oct, 2014 12:00am
TDAP chief urges PTI to shun politics of agitation

TDAP chief urges PTI to shun politics of agitation

Chief Executive of Trade Development Authority (TDAP), S. M. Muneer, has urged Tehreek-i-Insaaf and other political parties to shun the politics of staging sit-ins and work for progress and prosperity of the country. The TDAP chief, who is also patron-in-
Published 18 Oct, 2014 12:00am
Four of a family gunned down in Mitiari

Four of a family gunned down in Mitiari

Four persons of a family including a couple and two children were killed and two others injured in firing over old rivalry here on Friday. Police said that armed men of rival groups opened fire at rival family in village Daro of Mitiari while it was on th
Published 18 Oct, 2014 12:00am
SECP holds second session of advocacy series

SECP holds second session of advocacy series

The Securities and Exchange Commission of Pakistan (SECP) in collaboration with the USAID held the second session of series of advocacy and consultative session at a local hotel. The advocacy and consultative sessions was very well attended by key stakeho
Published 18 Oct, 2014 12:00am
UHS, LUMHS to collaborate in research & academics: MoU signed

UHS, LUMHS to collaborate in research & academics: MoU signed

University of Health Sciences (UHS), Lahore, and Liaquat University of Medical and Health Sciences (LUMHS), Jamshoro, Sindh have entered into an agreement to collaborate in research and academics. A memorandum of understanding (MoU) was signed here on Fri
Published 18 Oct, 2014 12:00am
Australian diplomats visit PBIT

Australian diplomats visit PBIT

First Secretary (Political) of Australian High Commission Michael Gregory and Ms Nicola Guihot (Political & Trade) visited Punjab Board of Investment & Trade (PBIT). The aim of the visit was to explore opportunities in economic and trade development, buil
Published 18 Oct, 2014 12:00am
Release on parole: SHC seeks comments

Release on parole: SHC seeks comments

The Sindh High Court (SHC) on Friday sought comments from the provincial home secretary and the superintendent of Karachi Central Prison on a petition of two convicts in the kidnapping for ransom case seeking their release on parole. Two brothers - Muhamm
Published 18 Oct, 2014 12:00am