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Print - 2014-11-08
Taxing agriculture sector: TRC urged to introduce more innovative ways

Taxing agriculture sector: TRC urged to introduce more innovative ways

The Lahore Chamber of Commerce and Industry while stressing the need for initiating debate on taxation on agriculture sector has urged the Tax Reforms Commission (TRC) to introduce innovative ways to tax this potential sector either through land revenue o
Published 08 Nov, 2014 12:00am
Taxing agriculture sector: TRC urged to introduce more innovative ways

Taxing agriculture sector: TRC urged to introduce more innovative ways

The Lahore Chamber of Commerce and Industry while stressing the need for initiating debate on taxation on agriculture sector has urged the Tax Reforms Commission (TRC) to introduce innovative ways to tax this potential sector either through land revenue o
Published 08 Nov, 2014 12:00am
PIAF asks government to avoid rise in gas tariff

PIAF asks government to avoid rise in gas tariff

Pakistan Industrial and Traders Associations Front (PIAF) has demanded of the government to avoid any increase in the gas tariff as it would prove last nail in the coffin. PIAF Chairman Malik Tahir Javed in a statement on Friday said that any increase in
Published 08 Nov, 2014 12:00am
Fresh milk price: SHC seeks report from commissioner

Fresh milk price: SHC seeks report from commissioner

The Sindh High Court (SHC) on Friday directed the Commissioner of Karachi to submit a report outlining action taken against milk sellers for selling adulterated and unhygienic milk at higher price. The two-member bench headed by Chief Justice Maqbool Baqa
Published 08 Nov, 2014 12:00am
Foreign inflows: Country receives only $819 million in 4 months

Foreign inflows: Country receives only $819 million in 4 months

Pakistan has received only 11 percent ($819 million) of the budgeted $7.4 billion from multilateral and bilateral donors during the first four months of the current fiscal year, it is learnt. Official sources revealed to Business Recorder that the
Published 08 Nov, 2014 12:00am
SPI inflation surges by 0.39 percent YoY

SPI inflation surges by 0.39 percent YoY

The weekly Sensitive Price Indicator (SPI) inflation surged by 0.39 percent during the week ended November 6, 2014, reflecting an increase in prices of some essential commodities. The provisional data, released by Pakistan Bureau of Statistics, shows that
Published 08 Nov, 2014 12:00am
ANF recovers narcotics worth Rs 362.5 million

ANF recovers narcotics worth Rs 362.5 million

ANF launched two successful operations at Peshawar and recovered 53-kg Heroin and 5-kg Opium, besides arresting one drug trafficker. Most of the recovered drug was to be distributed locally. The value of the recovered drugs amounts to Rs 362.5 million app
Published 08 Nov, 2014 12:00am
Lieutenant General Rizwan Akhtar assumes charge as DG ISI

Lieutenant General Rizwan Akhtar assumes charge as DG ISI

Lieutenant General Rizwan Akhtar Friday assumed his responsibilities as head of the Pakistan's prime spy agency, Inter Services Intelligence (ISI). Akhtar has become a new spymaster as his predecessor Lieutenant General Zaheerul Islam retired Friday. Rizw
Published 08 Nov, 2014 12:00am
National Assembly body for holding LB polls after population census

National Assembly body for holding LB polls after population census

National Assembly's Standing Committee on Parliamentary Affairs has recommended holding hold local bodies' elections in provinces on the basis of voters lists prepared immediate after population census. The Committee also unanimously passed "The Political
Published 08 Nov, 2014 12:00am
Cop killed in Bannu firing

Cop killed in Bannu firing

Unknown gunmen opened fire on security personnel in Bannu on Friday and killed a policeman while another sustained injuries. According to police, the incident occurred in Miryan area of Bannu when the armed assailants opened fire on two policemen who were
Published 08 Nov, 2014 12:00am
PPP Senators move key motions

PPP Senators move key motions

Five PPP members of the Senate on Friday moved an adjournment motion seeking a debate on reports that Karachi-Islamabad motorway will be mortgaged by the federal government as security for the launch of Sukkuk bond. The motion has been moved by Senators M
Published 08 Nov, 2014 12:00am
Ownership, utilisation: Ministries lock horns over EDF

Ownership, utilisation: Ministries lock horns over EDF

Ministries of Commerce and Textile Industry have reportedly locked horns over the ownership and utilisation of billions of rupees in the Export Development Fund (EDF) which is presently under the control of Finance Ministry, well informed sources told
Published 08 Nov, 2014 12:00am
Ownership, utilisation: Ministries lock horns over EDF

Ownership, utilisation: Ministries lock horns over EDF

Ministries of Commerce and Textile Industry have reportedly locked horns over the ownership and utilisation of billions of rupees in the Export Development Fund (EDF) which is presently under the control of Finance Ministry, well informed sources told
Published 08 Nov, 2014 12:00am
Ownership, utilisation: Ministries lock horns over EDF

Ownership, utilisation: Ministries lock horns over EDF

Ministries of Commerce and Textile Industry have reportedly locked horns over the ownership and utilisation of billions of rupees in the Export Development Fund (EDF) which is presently under the control of Finance Ministry, well informed sources told
Published 08 Nov, 2014 12:00am
The Weather

The Weather

The weather report on Friday (November 07, 2014) and the forecast for Saturday (November 08, 2014).

Published 08 Nov, 2014 12:00am
EU ministers challenge Britain's victory claim on huge bill

EU ministers challenge Britain's victory claim on huge bill

Britain declared victory after the EU agreed Friday to extend a deadline for a huge 2.1-billion-euro bill, but walked straight into a new row as other countries rejected its claims to have reduced the amount. Prime Minister David Cameron had refused to pa
Published 08 Nov, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (November 07, 2014).

Published 08 Nov, 2014 12:00am
EU ministers challenge Britain's victory claim on huge bill

EU ministers challenge Britain's victory claim on huge bill

Britain declared victory after the EU agreed Friday to extend a deadline for a huge 2.1-billion-euro bill, but walked straight into a new row as other countries rejected its claims to have reduced the amount. Prime Minister David Cameron had refused to pa
Published 08 Nov, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (November 07, 2014).

Published 08 Nov, 2014 12:00am
Fuel adjustment: Nepra slashes K-Electric tariff by Rs 1.73

Fuel adjustment: Nepra slashes K-Electric tariff by Rs 1.73

National Electric Power Regulatory Authority (Nepra) has slashed tariff of K-Electric by Rs 1.73 per unit for April, May and June 2014 (April-June quarter) under quarterly fuel adjustment mechanism. According to the notification issued by the regulator, t
Published 08 Nov, 2014 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 08 Nov, 2014 12:00am
Fuel adjustment: Nepra slashes K-Electric tariff by Rs 1.73

Fuel adjustment: Nepra slashes K-Electric tariff by Rs 1.73

National Electric Power Regulatory Authority (Nepra) has slashed tariff of K-Electric by Rs 1.73 per unit for April, May and June 2014 (April-June quarter) under quarterly fuel adjustment mechanism. According to the notification issued by the regulator, t
Published 08 Nov, 2014 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 08 Nov, 2014 12:00am
Fuel adjustment: Nepra slashes K-Electric tariff by Rs 1.73

Fuel adjustment: Nepra slashes K-Electric tariff by Rs 1.73

National Electric Power Regulatory Authority (Nepra) has slashed tariff of K-Electric by Rs 1.73 per unit for April, May and June 2014 (April-June quarter) under quarterly fuel adjustment mechanism. According to the notification issued by the regulator, t
Published 08 Nov, 2014 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (November 07, 2014).

Published 08 Nov, 2014 12:00am
IMF, US encourage ECB, Japan monetary stimulus

IMF, US encourage ECB, Japan monetary stimulus

The International Monetary Fund and the United States encouraged the European Central Bank and the Bank of Japan toward greater monetary stimulus on Friday and urged governments around the world to do their share to encourage growth in their countries. Ca
Published 08 Nov, 2014 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Friday (November 07, 2014) and for Saturday (November 08, 2014).
Published 08 Nov, 2014 12:00am
IMF, US encourage ECB, Japan monetary stimulus

IMF, US encourage ECB, Japan monetary stimulus

The International Monetary Fund and the United States encouraged the European Central Bank and the Bank of Japan toward greater monetary stimulus on Friday and urged governments around the world to do their share to encourage growth in their countries. Ca
Published 08 Nov, 2014 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (November 07, 2014)

Published 08 Nov, 2014 12:00am
IMF, US encourage ECB, Japan monetary stimulus

IMF, US encourage ECB, Japan monetary stimulus

The International Monetary Fund and the United States encouraged the European Central Bank and the Bank of Japan toward greater monetary stimulus on Friday and urged governments around the world to do their share to encourage growth in their countries. Ca
Published 08 Nov, 2014 12:00am
Pakistan expert Robin Raphel under investigation

Pakistan expert Robin Raphel under investigation

A State Department expert on Pakistan was stripped of her security clearance and is part of a federal counterintelligence investigation, the Washington Post reported on Friday. The FBI searched the Washington home of Robin L. Raphel on October 21, removin
Published 08 Nov, 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 (November 07, 2014).

Published 08 Nov, 2014 12:00am
Pakistan expert Robin Raphel under investigation

Pakistan expert Robin Raphel under investigation

A State Department expert on Pakistan was stripped of her security clearance and is part of a federal counterintelligence investigation, the Washington Post reported on Friday. The FBI searched the Washington home of Robin L. Raphel on October 21, removin
Published 08 Nov, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (November 07, 2014).

Published 08 Nov, 2014 12:00am
Widespread rains, snowfall turn weather cold

Widespread rains, snowfall turn weather cold

Widespread rain-thunderstorm and snowfall over the hills has turned weather cold in the plains of Punjab, Khyber-Pakhtunkhwa Balochistan, Kashmir, and Gilgit-Baltistan on Friday. Meteorological department said that widespread rain-thunderstorm occurred in
Published 08 Nov, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (November 07, 2014).

Published 08 Nov, 2014 12:00am
LSE index gains 27.97 points

LSE index gains 27.97 points

Equities on Friday extended further gains amid sluggish trading trend on the Lahore Stock Exchange, as investors remained on the sideline ahead of weekend. The LSE-25 index gained 27.97 points and was ended at 5370.56 against 5342.59 of Thursday while tra
Published 08 Nov, 2014 12:00am
LSE index gains 27.97 points

LSE index gains 27.97 points

Equities on Friday extended further gains amid sluggish trading trend on the Lahore Stock Exchange, as investors remained on the sideline ahead of weekend. The LSE-25 index gained 27.97 points and was ended at 5370.56 against 5342.59 of Thursday while tra
Published 08 Nov, 2014 12:00am
ISE index surges by 56.73 points

ISE index surges by 56.73 points

Bulls dominated the proceedings at the Islamabad Stock Exchange (ISE) on Friday, where equities continued to move in upward direction with positive trend at the ISE amid increase in index. ISE Ten Index showed an improvement of 56.73 points as the ISE Ten
Published 08 Nov, 2014 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

The rupee managed to extend its overnight gains against the dollar on the local currency market on Friday, dealers said. The rupee recovered more 17-paisa in terms of the dollar for buying and selling at 102.30 and Rs 102.35 respectively, they said.
Published 08 Nov, 2014 12:00am
ISE index surges by 56.73 points

ISE index surges by 56.73 points

Bulls dominated the proceedings at the Islamabad Stock Exchange (ISE) on Friday, where equities continued to move in upward direction with positive trend at the ISE amid increase in index. ISE Ten Index showed an improvement of 56.73 points as the ISE Ten
Published 08 Nov, 2014 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

The rupee managed to extend its overnight gains against the dollar on the local currency market on Friday, dealers said. The rupee recovered more 17-paisa in terms of the dollar for buying and selling at 102.30 and Rs 102.35 respectively, they said.
Published 08 Nov, 2014 12:00am
China hopes TPP trade talks are transparent; open to joining

China hopes TPP trade talks are transparent; open to joining

China said on Friday it hoped US-led Asia-Pacific free-trade talks would be transparent and China would be open to joining them, playing down controversy over competing US and Chinese visions for regional trade. Ministers from 12 countries negotiating a T
Published 08 Nov, 2014 12:00am
Five new police stations to be set up in Lyari

Five new police stations to be set up in Lyari

Sindh Chief Minister Syed Qaim Ali Shah on Friday announced to establish five new police stations for Lyari Town, a private TV channel reported. The provincial government announced Rs 500 million allocation for the project with Rs 100 million dedicated to
Published 08 Nov, 2014 12:00am
Deadlock over Punjab PTI MPAs' resignations persists

Deadlock over Punjab PTI MPAs' resignations persists

Pakistan Tehreek-e-Insaf (PTI) members of the Punjab provincial Assembly left the assembly building without appearing before the Speaker for confirmation of their resignations, as the PTI members insisted on en-bloc appearance while Punjab Assembly Speake
Published 08 Nov, 2014 12:00am
Yemen gets new government aimed at solving crisis

Yemen gets new government aimed at solving crisis

Yemen on Friday announced a new 36-member government intended to take the impoverished country out of political crisis, the state news agency Saba said. Formation of the new cabinet under a peace deal agreed on September 21, the day Shia Huthi rebels seiz
Published 08 Nov, 2014 12:00am
Global law enforcement strikes deep into ''Dark Web''

Global law enforcement strikes deep into ''Dark Web''

A global crackdown has shut down dozens of online "dark markets" selling illegal goods and services and masking their identities using the Tor encryption network, officials said Friday. The joint operation by US and European law enforcement arrested 17 pe
Published 08 Nov, 2014 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (November 07, 2014).

Published 08 Nov, 2014 12:00am
Global law enforcement strikes deep into 'Dark Web'

Global law enforcement strikes deep into 'Dark Web'

A global crackdown has shut down dozens of online "dark markets" selling illegal goods and services and masking their identities using the Tor encryption network, officials said Friday. The joint operation by US and European law enforcement arrested 17 pe
Published 08 Nov, 2014 12:00am
Global law enforcement strikes deep into 'Dark Web'

Global law enforcement strikes deep into 'Dark Web'

A global crackdown has shut down dozens of online "dark markets" selling illegal goods and services and masking their identities using the Tor encryption network, officials said Friday. The joint operation by US and European law enforcement arrested 17 pe
Published 08 Nov, 2014 12:00am
BRIndex30 up 174.83 points

BRIndex30 up 174.83 points

On Friday, BRIndex30 opened at 16,596.72 points. It touched an intraday high of 16,816.39 points and an intraday low of 16,595.36 points and closed at 16,771.55 points which was 174.83 points or 1.05 percent higher than previous close. Total volume was 11
Published 08 Nov, 2014 12:00am
BRIndex30 up 174.83 points

BRIndex30 up 174.83 points

On Friday, BRIndex30 opened at 16,596.72 points. It touched an intraday high of 16,816.39 points and an intraday low of 16,595.36 points and closed at 16,771.55 points which was 174.83 points or 1.05 percent higher than previous close. Total volume was 11
Published 08 Nov, 2014 12:00am
Equities advance

Equities advance

The Karachi share market Friday made strong advances and gained another 226 points to move into uncharted territory of 30,930 points compared to 30,664 points Thursday. The market opened on a positive note and remained in green zone almost all the day. Du
Published 08 Nov, 2014 12:00am
Equities advance

Equities advance

The Karachi share market Friday made strong advances and gained another 226 points to move into uncharted territory of 30,930 points compared to 30,664 points Thursday. The market opened on a positive note and remained in green zone almost all the day. Du
Published 08 Nov, 2014 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 08 Nov, 2014 12:00am
Equities advance

Equities advance

The Karachi share market Friday made strong advances and gained another 226 points to move into uncharted territory of 30,930 points compared to 30,664 points Thursday. The market opened on a positive note and remained in green zone almost all the day. Du
Published 08 Nov, 2014 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 08 Nov, 2014 12:00am
CoAS to hold crucial talks with US military leadership

CoAS to hold crucial talks with US military leadership

After a day-long visit to Afghanistan, Chief of Army Staff General Raheel Sharif is due to leave for United States on November 15 on a week-long visit to hold crucial talks with his US counterparts on issues ranging from military cooperation to peace and
Published 08 Nov, 2014 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 08 Nov, 2014 12:00am
CoAS to hold crucial talks with US military leadership

CoAS to hold crucial talks with US military leadership

After a day-long visit to Afghanistan, Chief of Army Staff General Raheel Sharif is due to leave for United States on November 15 on a week-long visit to hold crucial talks with his US counterparts on issues ranging from military cooperation to peace and
Published 08 Nov, 2014 12:00am
Rs 36.64 billion collected to service power sector loans

Rs 36.64 billion collected to service power sector loans

The government has collected Rs 36.637 billion from electricity consumers to service power sector loans (syndicated term finance facility) estimated at Rs 136.454 billion. Sources said that Central Power Purchasing Agency (CPPA) has released nine instalme
Published 08 Nov, 2014 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 08 Nov, 2014 12:00am
Rs 36.64 billion collected to service power sector loans

Rs 36.64 billion collected to service power sector loans

The government has collected Rs 36.637 billion from electricity consumers to service power sector loans (syndicated term finance facility) estimated at Rs 136.454 billion. Sources said that Central Power Purchasing Agency (CPPA) has released nine instalme
Published 08 Nov, 2014 12:00am
Rs 36.64 billion collected to service power sector loans

Rs 36.64 billion collected to service power sector loans

The government has collected Rs 36.637 billion from electricity consumers to service power sector loans (syndicated term finance facility) estimated at Rs 136.454 billion. Sources said that Central Power Purchasing Agency (CPPA) has released nine instalme
Published 08 Nov, 2014 12:00am
Prime Minister says his China visit to help end loadshedding

Prime Minister says his China visit to help end loadshedding

Prime Minister Nawaz Sharif has reached Beijing on a three day visit to attend annual meeting of Asia-Pacific Economic Coo-peration leaders being held there Friday. Federal Ministers Ahsan Iqbal, Khawaja Muhammad Asif, Shahid Khaqan Abbasi and Special Ass
Published 08 Nov, 2014 12:00am
Prime Minister says his China visit to help end loadshedding

Prime Minister says his China visit to help end loadshedding

Prime Minister Nawaz Sharif has reached Beijing on a three day visit to attend annual meeting of Asia-Pacific Economic Coo-peration leaders being held there Friday. Federal Ministers Ahsan Iqbal, Khawaja Muhammad Asif, Shahid Khaqan Abbasi and Special Ass
Published 08 Nov, 2014 12:00am
Prime Minister says his China visit to help end loadshedding

Prime Minister says his China visit to help end loadshedding

Prime Minister Nawaz Sharif has reached Beijing on a three day visit to attend annual meeting of Asia-Pacific Economic Coo-peration leaders being held there Friday. Federal Ministers Ahsan Iqbal, Khawaja Muhammad Asif, Shahid Khaqan Abbasi and Special Ass
Published 08 Nov, 2014 12:00am
MQM proposes four names

MQM proposes four names

An important joint-meeting of Muttahida Qaumi Movement (MQM) Karachi-London Co-ordination Committee was held on Friday, which was chaired by Deputy Conveners Dr Khalid Maqbool Siddiqui and Dr Nusrat Shaukat. The names for appointment as Chief Election Com
Published 08 Nov, 2014 12:00am
MQM proposes four names

MQM proposes four names

An important joint-meeting of Muttahida Qaumi Movement (MQM) Karachi-London Co-ordination Committee was held on Friday, which was chaired by Deputy Conveners Dr Khalid Maqbool Siddiqui and Dr Nusrat Shaukat. The names for appointment as Chief Election Com
Published 08 Nov, 2014 12:00am
Appointment of CEC: Khurshid striving to evolve consensus

Appointment of CEC: Khurshid striving to evolve consensus

Although he is under no constitutional obligation, opposition leader in National Assembly Syed Khurshid Ahmed Shah has held talks with small and large opposition political parties on the issue of appointment of a permanent chief election commissioner (CEC
Published 08 Nov, 2014 12:00am
Appointment of CEC: Khurshid striving to evolve consensus

Appointment of CEC: Khurshid striving to evolve consensus

Although he is under no constitutional obligation, opposition leader in National Assembly Syed Khurshid Ahmed Shah has held talks with small and large opposition political parties on the issue of appointment of a permanent chief election commissioner (CEC
Published 08 Nov, 2014 12:00am
OGDCL not being privatised, insists government

OGDCL not being privatised, insists government

Privatisation Commission has again clarified that Oil and Gas Development Company Limited (OGDCL) is not being privatised. Addressing a news conference in Islamabad on Friday, Minister of State for Privatisation Muhammad Zubair said there would be no furt
Published 08 Nov, 2014 12:00am
OGDCL not being privatised, insists government

OGDCL not being privatised, insists government

Privatisation Commission has again clarified that Oil and Gas Development Company Limited (OGDCL) is not being privatised. Addressing a news conference in Islamabad on Friday, Minister of State for Privatisation Muhammad Zubair said there would be no furt
Published 08 Nov, 2014 12:00am
OGDCL not being privatised, insists government

OGDCL not being privatised, insists government

Privatisation Commission has again clarified that Oil and Gas Development Company Limited (OGDCL) is not being privatised. Addressing a news conference in Islamabad on Friday, Minister of State for Privatisation Muhammad Zubair said there would be no furt
Published 08 Nov, 2014 12:00am