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Print - 2014-10-22
'Apna Rozgar Scheme' for youth: Punjab chief minister accords approval

'Apna Rozgar Scheme' for youth: Punjab chief minister accords approval

Punjab Chief Minister Shahbaz Sharif on Tuesday accorded approval to 'Apna Rozgar Scheme' under which vehicles will be provided to unemployed youth on soft-term loans basis. During a high-level meeting here on Tuesday, Shahbaz said that as before 10 perce
Published 22 Oct, 2014 12:00am
Punjab Assembly passes bill to issue blue passports to MPAs

Punjab Assembly passes bill to issue blue passports to MPAs

Punjab Assembly on Tuesday through an adopted resolution urged the federal government to issue blue passports to Members of Provincial Assemblies (MPAs) and diplomatic passports to speakers and deputy speakers. The resolution, presented during a session p
Published 22 Oct, 2014 12:00am
Budget-making process in Pakistan is deceptive: CPDI

Budget-making process in Pakistan is deceptive: CPDI

Budget-making process in Pakistan continues to be obscure amidst the creative budgeting practices such as block allocations. This was highlighted in a recent research study on Budget Transparency and Accountability in Punjab conducted by the Centre for Pe
Published 22 Oct, 2014 12:00am
Speakers urge legal fraternity to enhance knowledge through CLE

Speakers urge legal fraternity to enhance knowledge through CLE

Speakers on Tuesday stressed upon the legal fraternity to enhance knowledge through 'Continuing Legal Education' (CLE) for quality legal dispensation to strengthen administration of justice in the country. Addressing to the participants of National Confer
Published 22 Oct, 2014 12:00am
Sit-ins, protests: Shahbaz for giving up negative politics

Sit-ins, protests: Shahbaz for giving up negative politics

Punjab Chief Minister Shahbaz Sharif has said that those who are wasting precious time of the nation through sit-ins and politics of protest should give up their negative attitude. He expressed these views during a meeting with provincial Assembly members
Published 22 Oct, 2014 12:00am
Traffic Police launch helmet campaign

Traffic Police launch helmet campaign

The Lahore Traffic Police has launched helmet campaign for motorbike riders. The Traffic Police officers kicked off the campaign by distributing helmets amongst the motorcyclists at the Mall Road on Tuesday. The traffic officers warned the motorbike rider
Published 22 Oct, 2014 12:00am
HEC panel visits KMU Peshawar

HEC panel visits KMU Peshawar

The review Panel for University performance Evaluation constituted by Higher Education Commission (HEC), Islamabad has completed their visit to Khyber Medical University (KMU) Peshawar. It was three days visit and purpose of the visit was to evaluate the
Published 22 Oct, 2014 12:00am
Model Town incident: LHC issues notices to AGP, AG Punjab

Model Town incident: LHC issues notices to AGP, AG Punjab

A full bench of Lahore High Court here on Tuesday issued notices to Attorney General of Pakistan and Advocate General of Punjab for fortnight in a petition seeking a judicial inquiry into Model Town incident by a commission comprising judges of Supreme Co
Published 22 Oct, 2014 12:00am
LLP will lead to documentation of economy

LLP will lead to documentation of economy

The limited liability partnership (LLP) is a new business structure, which would fill the gap between business firms such as sole proprietorship, and partnership, which are generally unregulated and limited liability companies governed by the 1984 Compani
Published 22 Oct, 2014 12:00am
Dharna will continue in Muharram: Imran

Dharna will continue in Muharram: Imran

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan said on Tuesday the government would not be able to sustain what his party has planned for it after Muharram and also reiterated his demand of Prime Minister Nawaz Sharif's resignation and vote audit. Add
Published 22 Oct, 2014 12:00am
'CCP playing vital role in eliminating economic barriers'

'CCP playing vital role in eliminating economic barriers'

The role of the Competition Commission of Pakistan (CCP) in eliminating regulatory barriers to economic growth, apart from busting cartels, is a very vital and significant one, which it is performing very effectively, said Dr Joseph Wilson, CCP Chairman,
Published 22 Oct, 2014 12:00am
Treason trial: hearing adjourned to October 29

Treason trial: hearing adjourned to October 29

A Special Court trying former army chief and President Pervez Musharraf under Article 6 of the Constitution accepted prosecution's plea and adjourned the hearing of the matter till October 29. Abdul Ghani Somro, Registrar of the Special Court, announced t
Published 22 Oct, 2014 12:00am
Lady health workers: Provinces asked to carry out required legislations

Lady health workers: Provinces asked to carry out required legislations

The Supreme Court on Tuesday granted one month's time to all provincial governments to carry out legislations pertaining to regularisation of Lady Health Workers' (LHWs) services. A three-member bench headed by Justice Jawad S. Khawaja heard the petition
Published 22 Oct, 2014 12:00am
312 new CNG buses for Lahore soon

312 new CNG buses for Lahore soon

As many as 312 new CNG buses will be plied in the provincial metropolis in order to facilitate common people and in this regard the advertisement will soon be given in the leading newspapers. It was decided in the 46th Board of Directors meeting of Lahore
Published 22 Oct, 2014 12:00am
Dogar lauds Hashmi's struggle for democracy

Dogar lauds Hashmi's struggle for democracy

The newly-elect MNA from NA-149 Multan, Malik Amir Dogar, has lauded Makhdoom Javed Hashmi for his struggle and sacrifices for protecting and strengthening democracy in the country. He stated this while talking to media persons after his meeting with Jave
Published 22 Oct, 2014 12:00am
People to determine legitimacy of election process: EU team

People to determine legitimacy of election process: EU team

A delegation of the European Union has said that the people of Pakistan will ultimately determine the credibility and legitimacy of the election process. The delegation was expressing its opinion while discussing allegations of rigging in the general elec
Published 22 Oct, 2014 12:00am
First round of Pak-Turkey HLMDG meeting held

First round of Pak-Turkey HLMDG meeting held

A 15-member high level Turkish defence delegation headed by General Yasar Guler, Deputy Chief of Turkish General Staff, attended the first round of the 10th meeting of Pak-Turkey High Level Military Dialogue Group (HLMDG) on Tuesday. Secretary Defence Lie
Published 22 Oct, 2014 12:00am
CoAS discusses defence cooperation with Indonesian counterpart

CoAS discusses defence cooperation with Indonesian counterpart

Chief of Army Staff (CoAS) General Raheel Sharif, who is on an official visit to Indonesia, met General Gatot Nurmantyo, Chief of Staff of Indonesian Army, here on Tuesday and discussed matters of mutual interests. According to Inter-Services Public Relat
Published 22 Oct, 2014 12:00am
New Afghanistan president to visit China

New Afghanistan president to visit China

Afghanistan's new President Ashraf Ghani will head to China next week for a three-day visit, his office said in a statement Tuesday, his first trip abroad since being sworn in last month. Ghani will be accompanied by a high ranking Afghan government deleg
Published 22 Oct, 2014 12:00am
Sweden ready to use force against suspected submarine

Sweden ready to use force against suspected submarine

Sweden's armed forces chief warned Tuesday it could use force to bring to the surface a suspected Russian mini-submarine its navy has been hunting for days. Battleships, minesweepers, helicopters and more than 200 troops have scoured an area about 30 to 6
Published 22 Oct, 2014 12:00am
KP IGP dismisses three DSPs

KP IGP dismisses three DSPs

The Inspector General of Police (IGP), Khyber Pakhtunkhwa, Nasir Khan Durrani, dismissed three DSPs from services. They had already been suspended in light of a departmental inquiry. The three officers were Rahim Shah Khan, Banaras Khan and Tajamul Khan.
Published 22 Oct, 2014 12:00am
The Weather

The Weather

The weather report on Tuesday (October 21, 2014) and the forecast for Wednesday (October 22, 2014).

Published 22 Oct, 2014 12:00am
KP IGP dismisses three DSPs

KP IGP dismisses three DSPs

The Inspector General of Police (IGP), Khyber Pakhtunkhwa, Nasir Khan Durrani, dismissed three DSPs from services. They had already been suspended in light of a departmental inquiry. The three officers were Rahim Shah Khan, Banaras Khan and Tajamul Khan.
Published 22 Oct, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (October 21, 2014).

Published 22 Oct, 2014 12:00am
Qadri wraps up D-Chowk sit-in

Qadri wraps up D-Chowk sit-in

Pakistan Awami Tehreek (PAT) Chief Dr Tahirul Qadri on Tuesday announced to wrap up his party's sit-in at D-Chowk of the federal capital, vowing that two-day long sit-in would be staged in every city of the country. The announcement brought some relief fo
Published 22 Oct, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (October 21, 2014).

Published 22 Oct, 2014 12:00am
Qadri wraps up D-Chowk sit-in

Qadri wraps up D-Chowk sit-in

Pakistan Awami Tehreek (PAT) Chief Dr Tahirul Qadri on Tuesday announced to wrap up his party's sit-in at D-Chowk of the federal capital, vowing that two-day long sit-in would be staged in every city of the country. The announcement brought some relief fo
Published 22 Oct, 2014 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 22 Oct, 2014 12:00am
Paralysed man walks again after breakthrough treatment

Paralysed man walks again after breakthrough treatment

A paralysed man can walk again after receiving revolutionary treatment which one of the British scientists responsible hailed as a breakthrough "more impressive than a man walking on the Moon" - although others urged caution. Darek Fidyka was paralysed fr
Published 22 Oct, 2014 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 22 Oct, 2014 12:00am
Paralysed man walks again after breakthrough treatment

Paralysed man walks again after breakthrough treatment

A paralysed man can walk again after receiving revolutionary treatment which one of the British scientists responsible hailed as a breakthrough "more impressive than a man walking on the Moon" - although others urged caution. Darek Fidyka was paralysed fr
Published 22 Oct, 2014 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (October 21, 2014).

Published 22 Oct, 2014 12:00am
EU fines JP Morgan for rigging interest rates
Libor

EU fines JP Morgan for rigging interest rates

The European Commission fined US banking giant JP Morgan more than 61 million euros ($78 million) on Tuesday for its role in rigging benchmark international interest rates. JP Morgan worked with Royal Bank of Scotland in 2008-09 to fix interest rates on S
Published 22 Oct, 2014 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Tuesday (October 21, 2014) and for Wednesday (October 22, 2014).
Published 22 Oct, 2014 12:00am
EU fines JP Morgan for rigging interest rates
Libor

EU fines JP Morgan for rigging interest rates

The European Commission fined US banking giant JP Morgan more than 61 million euros ($78 million) on Tuesday for its role in rigging benchmark international interest rates. JP Morgan worked with Royal Bank of Scotland in 2008-09 to fix interest rates on S
Published 22 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 21, 2014)

Published 22 Oct, 2014 12:00am
EU fines JP Morgan for rigging interest rates
Libor

EU fines JP Morgan for rigging interest rates

The European Commission fined US banking giant JP Morgan more than 61 million euros ($78 million) on Tuesday for its role in rigging benchmark international interest rates. JP Morgan worked with Royal Bank of Scotland in 2008-09 to fix interest rates on S
Published 22 Oct, 2014 12:00am
MCB Bank pays Rs 3.5 per share as interim dividend

MCB Bank pays Rs 3.5 per share as interim dividend

The Board of Directors of MCB Bank Limited met under the Chairmanship of Mian Mohammad Mansha, on October 21, to review the performance of the Bank and approve the financial statements for the nine months period ended September 30, 2014. From financial pe
Published 22 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 21, 2014).

Published 22 Oct, 2014 12:00am
MCB Bank pays Rs 3.5 per share as interim dividend

MCB Bank pays Rs 3.5 per share as interim dividend

The Board of Directors of MCB Bank Limited met under the Chairmanship of Mian Mohammad Mansha, on October 21, to review the performance of the Bank and approve the financial statements for the nine months period ended September 30, 2014. From financial pe
Published 22 Oct, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (October 21, 2014).

Published 22 Oct, 2014 12:00am
MCB Bank pays Rs 3.5 per share as interim dividend

MCB Bank pays Rs 3.5 per share as interim dividend

The Board of Directors of MCB Bank Limited met under the Chairmanship of Mian Mohammad Mansha, on October 21, to review the performance of the Bank and approve the financial statements for the nine months period ended September 30, 2014. From financial pe
Published 22 Oct, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (October 21, 2014).

Published 22 Oct, 2014 12:00am
MCB Bank pays Rs 3.5 per share as interim dividend

MCB Bank pays Rs 3.5 per share as interim dividend

The Board of Directors of MCB Bank Limited met under the Chairmanship of Mian Mohammad Mansha, on October 21, to review the performance of the Bank and approve the financial statements for the nine months period ended September 30, 2014. From financial pe
Published 22 Oct, 2014 12:00am
IIC chief says marriage in childhood permissible

IIC chief says marriage in childhood permissible

Chairman Islamic Ideology Council (IIC) Maulana Muhammad Khan Sherani on Tuesday said that child marriage is permissible. Talking to media persons after an IIC session, Sherani said marriage in childhood is permissible as long as it is not performed under
Published 22 Oct, 2014 12:00am
IIC chief says marriage in childhood permissible

IIC chief says marriage in childhood permissible

Chairman Islamic Ideology Council (IIC) Maulana Muhammad Khan Sherani on Tuesday said that child marriage is permissible. Talking to media persons after an IIC session, Sherani said marriage in childhood is permissible as long as it is not performed under
Published 22 Oct, 2014 12:00am
THE RUPEE: rates improve

THE RUPEE: rates improve

The rupee managed to recover modestly against the dollar and euro on the currency market on Tuesday, dealers said. The rupee moved up slightly versus the dollar, gaining two-paisa for buying and selling at Rs 102.90 and Rs 102.92 respectively, they said.
Published 22 Oct, 2014 12:00am
THE RUPEE: rates improve

THE RUPEE: rates improve

The rupee managed to recover modestly against the dollar and euro on the currency market on Tuesday, dealers said. The rupee moved up slightly versus the dollar, gaining two-paisa for buying and selling at Rs 102.90 and Rs 102.92 respectively, they said.
Published 22 Oct, 2014 12:00am
Cotton futures rise as mills spy buying opportunity, buy-stops

Cotton futures rise as mills spy buying opportunity, buy-stops

Cotton futures recovered from a three-week low on Tuesday as the price dip sparked mill buying and stop-loss orders exaggerated gains. The most-active December cotton contract on ICE Futures U.S. rose 0.5 cent, or 0.8 percent, to settle at 62.79 cents a l
Published 22 Oct, 2014 12:00am
Brent surges after China demand news, fragile recovery seen

Brent surges after China demand news, fragile recovery seen

Brent crude oil ended up almost 1 percent on Tuesday, helped by data showing stronger-than-expected China demand and some technical price recovery after weeks of almost uninterrupted selling. Analysts and traders cautioned, however, that global economic d
Published 22 Oct, 2014 12:00am
Coffee hits 3-1/2-week low, rains spark liquidation

Coffee hits 3-1/2-week low, rains spark liquidation

ICE arabica coffee dropped over 6 percent on Monday to a 3-1/2-week low on Monday as showers in top grower Brazil sparked liquidation and eased worries over a potentially damaging dry spell. Raw sugar on ICE Futures US rose on news of a warehouse fire in
Published 22 Oct, 2014 12:00am
Corn and wheat top one-month highs

Corn and wheat top one-month highs

US corn and wheat futures climbed on Tuesday to their highest levels in more than a month, as technical and speculative buying pushed up prices in the face of advancing US harvests.Soya futures also traded higher, led by gains in soyameal. The rallies wil
Published 22 Oct, 2014 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (October 21, 2014).

Published 22 Oct, 2014 12:00am
Gold moves higher

Gold moves higher

Gold rose early on Monday, set to snap two straight losing sessions, boosted by renewed physical demand related to Diwali, India's major bullion-buying event this week. Earlier, gold rose to a high of $1,248.44 an ounce, near a one-month high as physical
Published 22 Oct, 2014 12:00am
WTO Doha deal would make world $11 trillion richer by 2030: economists

WTO Doha deal would make world $11 trillion richer by 2030: economists

Sealing a global free trade deal would add $11 trillion to the world economy and pull 160 million people out of poverty by 2030, economists said in a study published Tuesday. Member states of the World Trade Organisation launched negotiations in 2001 in t
Published 22 Oct, 2014 12:00am
Altaf rules out joining Sindh government

Altaf rules out joining Sindh government

The founder and leader of Muttahida Qaumi Movement (MQM), Altaf Hussain on Tuesday said that MQM will not join PPP-led government in Sindh, says a private TV channel. Talking to the President Awami Muslim League (AML) Sheikh Rashid Ahmed on telephone, MQM
Published 22 Oct, 2014 12:00am
Briton shot dead in AJK

Briton shot dead in AJK

A gunman shot dead a British national in Azad Kashmir, police said Tuesday, as authorities struggle to piece together a motive behind the murder. The shooting happened in Mirpur, 114 kilometres (71 miles) south of Muzaffarabad, late Monday night. "Jumma K
Published 22 Oct, 2014 12:00am
Argentine foreign currency crunch delays import payments

Argentine foreign currency crunch delays import payments

Argentina's foreign currency shortage on Tuesday hit the country's import sector, which asked the government for $5.5 billion for the purchase of industrial supplies. Miguel Ponce, who heads the Argentine Chamber of Importers, said about half the supplies
Published 22 Oct, 2014 12:00am
Imran Farooq murder case: London police release Iftikhar Hussain

Imran Farooq murder case: London police release Iftikhar Hussain

Iftikhar Hussain, a 52-year old suspect in the murder of former Muttahida Qaumi Movement (MQM) leader Dr Imran Farooq was released on Tuesday by the police in London, a private TV channel reported. Hussain, who is purportedly a close relative of MQM chief
Published 22 Oct, 2014 12:00am
Twitter 'source of all evil': top Saudi cleric

Twitter 'source of all evil': top Saudi cleric

Twitter is nothing more than "a source of lies" and evil, Saudi Arabia's top cleric said, in comments that sparked lively debate Tuesday on the microblogging site. "If it were used correctly, it could be of real benefit, but unfortunately it's exploited f
Published 22 Oct, 2014 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 22 Oct, 2014 12:00am
ISE index down by 32.86 points

ISE index down by 32.86 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 32.86 points as the ISE Ten Index moved from 4,132.80 to 4,099.94 points. The ov
Published 22 Oct, 2014 12:00am
Board meetings in progress

Board meetings in progress

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

Published 22 Oct, 2014 12:00am
ISE index down by 32.86 points

ISE index down by 32.86 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 32.86 points as the ISE Ten Index moved from 4,132.80 to 4,099.94 points. The ov
Published 22 Oct, 2014 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 22 Oct, 2014 12:00am
LSE index loses 9.72 points

LSE index loses 9.72 points

Equity on Tuesday moved both ways on Lahore Stock Exchange and finally settled in green zone amid slightly improved trading turnover. However, the LSE-25 index lost 9.72 points to close at 5287.40 against 5297.12 of Monday while transaction volume was inc
Published 22 Oct, 2014 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 22 Oct, 2014 12:00am
LSE index loses 9.72 points

LSE index loses 9.72 points

Equity on Tuesday moved both ways on Lahore Stock Exchange and finally settled in green zone amid slightly improved trading turnover. However, the LSE-25 index lost 9.72 points to close at 5287.40 against 5297.12 of Monday while transaction volume was inc
Published 22 Oct, 2014 12:00am
BRIndex30 sheds 16.11 points

BRIndex30 sheds 16.11 points

On Tues-day, BRIndex30 opened at 15,955.28 points. It touched an intraday high of 16,072.80 points and an intraday low of 15,917.08 points and closed at 15,939.17 points which was -16.11 points or -0.1 percent lower than previous close. Total volume was 5
Published 22 Oct, 2014 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 22 Oct, 2014 12:00am
BRIndex30 sheds 16.11 points

BRIndex30 sheds 16.11 points

On Tues-day, BRIndex30 opened at 15,955.28 points. It touched an intraday high of 16,072.80 points and an intraday low of 15,917.08 points and closed at 15,939.17 points which was -16.11 points or -0.1 percent lower than previous close. Total volume was 5
Published 22 Oct, 2014 12:00am
Dull trend persists

Dull trend persists

The Karachi share market witnessed another dull day Tuesday and the benchmark KSE-100 index fell by 17 points to close at 29,694 points compared to 29,711 points Monday. Analysts said bears won battle after conceding some territory in the early half of th
Published 22 Oct, 2014 12:00am
Dull trend persists

Dull trend persists

The Karachi share market witnessed another dull day Tuesday and the benchmark KSE-100 index fell by 17 points to close at 29,694 points compared to 29,711 points Monday. Analysts said bears won battle after conceding some territory in the early half of th
Published 22 Oct, 2014 12:00am
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