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Print - 2014-11-14
Republicans elect Mitch McConnell as US Senate leader

Republicans elect Mitch McConnell as US Senate leader

Senate Republicans on Thursday unanimously elected Mitch McConnell as their chief and the chamber's majority leader for the upcoming Congress, after the party rode to victory in last week's midterm elections. As expected, McConnell will take over from cur
Published 14 Nov, 2014 12:00am
Nishikori downs Ferrer

Nishikori downs Ferrer

Kei Nishikori faces a nervous wait to see if he will qualify for the semi-finals of the ATP Tour Finals after finishing his Group B campaign with a 4-6, 6-4, 6-1 victory over David Ferrer on Thursday. Nishikori discovered only two hours before his match w
Published 14 Nov, 2014 12:00am
Kirsten back as South Africa mentor

Kirsten back as South Africa mentor

Former South Africa coach Gary Kirsten has been recalled to help the Proteas prepare for next year's World Cup and will act as a batting coach and mentor in the upcoming one-day series in Australia. The 46-year-old guided India to their World Cup triumph
Published 14 Nov, 2014 12:00am
Hafeez reported for illegal action

Hafeez reported for illegal action

Pakistan all-rounder Mohammad Hafeez has been reported with a suspected illegal bowling action during the first Test against New Zealand in Abu Dhabi on Thursday, the International Cricket Council (ICC) said Thursday. "The match officials' report, which w
Published 14 Nov, 2014 12:00am
Pakistan complete New Zealand rout in first Test

Pakistan complete New Zealand rout in first Test

Pakistan's Misbah-ul Haq became his country's most successful captain as his team strolled to victory by 248 runs in its first Test against New Zealand on Thursday, taking a 1-0 lead in the three-match series. The victory gave Misbah 15 wins in 33 Tests,
Published 14 Nov, 2014 12:00am
Pakistan complete New Zealand rout in first Test

Pakistan complete New Zealand rout in first Test

Pakistan's Misbah-ul Haq became his country's most successful captain as his team strolled to victory by 248 runs in its first Test against New Zealand on Thursday, taking a 1-0 lead in the three-match series. The victory gave Misbah 15 wins in 33 Tests,
Published 14 Nov, 2014 12:00am
Italy storms toll climbs to five

Italy storms toll climbs to five

The death toll from the latest wave of storms to batter northern Italy rose to five Thursday as floods and landslides continued to wreak havoc across the region. At Moscazzano, southeast of Milan, emergency services recovered the body of a 36-year-old loc
Published 14 Nov, 2014 12:00am
Red Cross offers to help Syria 'reconciliation'

Red Cross offers to help Syria 'reconciliation'

The International Committee of the Red Cross said Thursday it is ready to play a role in helping the regime and opposition in war-torn Syria to reach a "national reconciliation". Red Cross president Peter Maurer, who is currently visiting Damascus, was di
Published 14 Nov, 2014 12:00am
Obama optimistic on Myanmar democracy despite concerns

Obama optimistic on Myanmar democracy despite concerns

US President Barack Obama voiced optimism Thursday that Myanmar was on the right path to democracy despite worrying "backsliding" on its much celebrated reform process. Obama delivered his cautiously upbeat assessment after holding separate meetings with
Published 14 Nov, 2014 12:00am
Kerry in bid to cool Jerusalem tempers

Kerry in bid to cool Jerusalem tempers

Top US diplomat John Kerry mounted a diplomatic push on Thursday to calm surging tensions in Jerusalem through meetings in Jordan with the Israeli and Palestinian leaders. Hours after the secretary of state held talks with Palestinian president Mahmud Abb
Published 14 Nov, 2014 12:00am
UK woman jailed for sending cash to jihadist husband in Syria

UK woman jailed for sending cash to jihadist husband in Syria

A British woman who tried to send 20,000 euros ($25,000) to her husband fighting with Islamic State (IS) group in Syria was on Thursday jailed for 28 months and seven days. Amal El-Wahabi, 28, became the first person in Britain to be convicted of funding
Published 14 Nov, 2014 12:00am
French jihadist who spent 'dozen days' in Syria jailed for seven years

French jihadist who spent 'dozen days' in Syria jailed for seven years

The first French jihadist to stand trial after returning from Syria, where his nicotine cravings got the better of him, was sentenced to seven years in jail Thursday. Flavien Moreau travelled to the conflict-ridden country at the end of 2012 but says he o
Published 14 Nov, 2014 12:00am
IS releases audio of chief Baghdadi after death rumours

IS releases audio of chief Baghdadi after death rumours

The Islamic State group released a defiant audio recording Thursday it said was of chief Abu Bakr al-Baghdadi, after air strikes on jihadist leaders in Iraq sparked rumours he had been wounded or killed. In the 17-minute message, the man purported to be B
Published 14 Nov, 2014 12:00am
Soyabeans retreat

Soyabeans retreat

Chicago Board of Trade soyabean prices fell on Wednesday, retreating from multi-month highs on profit-taking, farmer selling and rumours of South American soyameal cargoes being shipped to the United States, traders said. Wheat prices rose on concerns tha
Published 14 Nov, 2014 12:00am
Kidnapped Italian engineer freed in Libya

Kidnapped Italian engineer freed in Libya

An Italian construction engineer abducted in Libya four months ago has been freed and is on his way home, the foreign ministry said Thursday. The ministry provided no details of how Marco Vallisa, 54, came to be liberated. But a security source in Libya t
Published 14 Nov, 2014 12:00am
Protests as US defends record before UN anti-torture body

Protests as US defends record before UN anti-torture body

Activists stood in silent protest as the United States on Thursday defended its record before a UN anti-torture watchdog, raising their fists and displaying pictures of victims of police brutality. On the second and final day of the UN Committee Against T
Published 14 Nov, 2014 12:00am
Bombs hit near Egypt, UAE embassies in Libya

Bombs hit near Egypt, UAE embassies in Libya

Two car bombs struck near the shuttered Egyptian and United Arab Emirates embassies in Libya's militia-controlled capital within minutes of each other Thursday, an AFP correspondent and a UAE official said. Two guards posted outside the empty Egyptian emb
Published 14 Nov, 2014 12:00am
Westpac chief Gail Kelly quits after seven years

Westpac chief Gail Kelly quits after seven years

One of Australia's most powerful female chief executives, Gail Kelly, on Thursday stepped down as the head of banking giant Westpac after seven years in the top job. Kelly, who became Westpac's chief in 2008 and steered Australia's second-largest bank thr
Published 14 Nov, 2014 12:00am
Scottish nationalists change leader

Scottish nationalists change leader

Scotland's First Minister Alex Salmond will step down as leader of the Scottish National Party (SNP) at its annual conference on Friday after Scots voted against independence in September. The head of the party for nearly 20 years and first minister for s
Published 14 Nov, 2014 12:00am
European Parliament backs closer EU-Moldova ties

European Parliament backs closer EU-Moldova ties

The European Parliament on Thursday backed closer political and economic ties between the European Union and the former Soviet republic of Moldova, echoing a deal with Ukraine that has raised EU-Russia tensions. The parliament said in a statement that the
Published 14 Nov, 2014 12:00am
Shanghai copper up

Shanghai copper up

The most-traded January copper contract on the Shanghai Futures Exchange edged up 0.3 percent to 47,400 yuan ($7,738) a tonne on Thursday after evidence that China's economic growth cooled in October dented demand prospects but raised bets Beijing will ha
Published 14 Nov, 2014 12:00am
Copper and nickel fall after weak Chinese data

Copper and nickel fall after weak Chinese data

Copper fell on Thursday after weak economic data in top metals consumer China and US jobs data that missed forecasts fanned worries about global base metals demand. Data showed China's economy lost momentum in October, with factory growth dipping and inve
Published 14 Nov, 2014 12:00am
Oil hits four-year low on Cushing build, Opec concerns

Oil hits four-year low on Cushing build, Opec concerns

Oil prices fell about 3 percent on Thursday to four-year lows after government data showed US crude stockpiles surged at the delivery point for crude futures. The declines compounded losses from Wednesday after comments by the Saudi oil minister raised fe
Published 14 Nov, 2014 12:00am
Rubber climbs

Rubber climbs

Benchmark Tokyo rubber futures rose for a third day to fresh three-month highs on Thursday as continuous gains in Japanese equities and a soft yen outweighed slightly-weaker-than-expected economic data from China, the world's biggest consumer. The Tokyo C
Published 14 Nov, 2014 12:00am
Palm oil down

Palm oil down

Malaysian palm oil futures extended losses into a second day on Thursday, following competing soy markets, with investors keeping a close watch on crude prices at near four-year lows. "It's all external factors. The US bean oil was down last night, and to
Published 14 Nov, 2014 12:00am
ICE cocoa tumbles

ICE cocoa tumbles

New York cocoa futures on ICE tumbled to a 9-1/2 month low in heavy volume on Thursday as investors liquidated long positions on technical sell signals, while arabica coffee rallied above its 200-day moving average. Raw sugar futures fell, coming off Wedn
Published 14 Nov, 2014 12:00am
China to open consulate in Lahore: envoy

China to open consulate in Lahore: envoy

Chinese Consul General, Ma Yaou, said here on Thursday that government of China has decided to open its Consulate General office in Lahore. He was talking to a delegation of Pakistan Tanners Associations (PTA). The delegation was led by Chairman of the PT
Published 14 Nov, 2014 12:00am
Industry being exempted from loadshedding

Industry being exempted from loadshedding

Ministry of Water and Power has directed all Distribution Companies (Discos) to exempt industry from load-shedding with a view to ensuring capacity output with the objective of significantly contributing to exports. This decision has been taken on the dir
Published 14 Nov, 2014 12:00am
Gas supply to Punjab textile units restored

Gas supply to Punjab textile units restored

The government Thursday restored gas supply to the textile units in Punjab by suspending the gas-load management, while connections already closed are also being restored. The decision was taken by Finance Minister Ishaq Dar with the approval of Prime Min
Published 14 Nov, 2014 12:00am
Gas supply to Punjab textile units restored

Gas supply to Punjab textile units restored

The government Thursday restored gas supply to the textile units in Punjab by suspending the gas-load management, while connections already closed are also being restored. The decision was taken by Finance Minister Ishaq Dar with the approval of Prime Min
Published 14 Nov, 2014 12:00am
Gas supply to Punjab textile units restored

Gas supply to Punjab textile units restored

The government Thursday restored gas supply to the textile units in Punjab by suspending the gas-load management, while connections already closed are also being restored. The decision was taken by Finance Minister Ishaq Dar with the approval of Prime Min
Published 14 Nov, 2014 12:00am
Prime Minister urged to rein in Ogra

Prime Minister urged to rein in Ogra

Ministry of Petroleum and Natural Resources (MoP&NR) has sought Prime Minister's help to check the reported "irrational" decisions by Ogra and interpret the Article 158 of Constitution which states that the province producing gas has first right of consum
Published 14 Nov, 2014 12:00am
Prime Minister urged to rein in Ogra

Prime Minister urged to rein in Ogra

Ministry of Petroleum and Natural Resources (MoP&NR) has sought Prime Minister's help to check the reported "irrational" decisions by Ogra and interpret the Article 158 of Constitution which states that the province producing gas has first right of consum
Published 14 Nov, 2014 12:00am
Prime Minister urged to rein in Ogra

Prime Minister urged to rein in Ogra

Ministry of Petroleum and Natural Resources (MoP&NR) has sought Prime Minister''s help to check the reported "irrational" decisions by Ogra and interpret the Article 158 of Constitution which states that the province producing gas has first right of consu
Published 14 Nov, 2014 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 14 Nov, 2014 12:00am
Probe against Raphel US' 'internal matter': FO

Probe against Raphel US' 'internal matter': FO

Pakistan Thursday said that the investigation launched by FBI against Robin Raphel, ex-American diplomat, was United States "internal matter". "The impression that she [Raphel] is being interrogated because she is a friend of Pakistan is not correct. It h
Published 14 Nov, 2014 12:00am
Probe against Raphel US' 'internal matter': FO

Probe against Raphel US' 'internal matter': FO

Pakistan Thursday said that the investigation launched by FBI against Robin Raphel, ex-American diplomat, was United States "internal matter". "The impression that she [Raphel] is being interrogated because she is a friend of Pakistan is not correct. It h
Published 14 Nov, 2014 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 14 Nov, 2014 12:00am
IS jihadists say to mint own coins

IS jihadists say to mint own coins

The Islamic State jihadist group announced Thursday it will start minting its own gold, silver and copper coins for use in areas under IS control in Syria and Iraq. "God willing, coins of several types will be minted from gold, silver and copper," the IS
Published 14 Nov, 2014 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 14 Nov, 2014 12:00am
IS jihadists say to mint own coins

IS jihadists say to mint own coins

The Islamic State jihadist group announced Thursday it will start minting its own gold, silver and copper coins for use in areas under IS control in Syria and Iraq. "God willing, coins of several types will be minted from gold, silver and copper," the IS
Published 14 Nov, 2014 12:00am
Nawaz, Modi won't attend Nobel Peace Prize ceremony

Nawaz, Modi won't attend Nobel Peace Prize ceremony

The prime ministers of India and Pakistan will not attend the 2014 Nobel Peace Prize ceremony next month as the laureates had hoped, the Norwegian organisers said Thursday. Teen education advocate Malala Yousafzai and children's rights activist Kailash Sa
Published 14 Nov, 2014 12:00am
Nawaz, Modi won't attend Nobel Peace Prize ceremony

Nawaz, Modi won't attend Nobel Peace Prize ceremony

The prime ministers of India and Pakistan will not attend the 2014 Nobel Peace Prize ceremony next month as the laureates had hoped, the Norwegian organisers said Thursday. Teen education advocate Malala Yousafzai and children's rights activist Kailash Sa
Published 14 Nov, 2014 12:00am
TCP seals deal for import of 385,000 tons of urea

TCP seals deal for import of 385,000 tons of urea

Following the directives of the Economic Co-ordination Committee (ECC) of the Cabinet, the state-run grain trader finalised deals for the import of 385,000 tons of urea to avoid its shortage in the domestic market. Sources told Business Recorder on
Published 14 Nov, 2014 12:00am
TCP seals deal for import of 385,000 tons of urea

TCP seals deal for import of 385,000 tons of urea

Following the directives of the Economic Co-ordination Committee (ECC) of the Cabinet, the state-run grain trader finalised deals for the import of 385,000 tons of urea to avoid its shortage in the domestic market. Sources told Business Recorder on
Published 14 Nov, 2014 12:00am
TCP seals deal for import of 385,000 tons of urea

TCP seals deal for import of 385,000 tons of urea

Following the directives of the Economic Co-ordination Committee (ECC) of the Cabinet, the state-run grain trader finalised deals for the import of 385,000 tons of urea to avoid its shortage in the domestic market. Sources told Business Recorder on
Published 14 Nov, 2014 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (November 13, 2014).

Published 14 Nov, 2014 12:00am
Indian soldiers get life in jail for held Kashmir killings

Indian soldiers get life in jail for held Kashmir killings

An Indian military court has sentenced seven soldiers to life in prison for killing three Kashmiri youths in a rare ruling against the army, the tense region's top official said Thursday. Held Kashmir Chief Minister Omar Abdullah said the soldiers shot de
Published 14 Nov, 2014 12:00am
Indian soldiers get life in jail for held Kashmir killings

Indian soldiers get life in jail for held Kashmir killings

An Indian military court has sentenced seven soldiers to life in prison for killing three Kashmiri youths in a rare ruling against the army, the tense region's top official said Thursday. Held Kashmir Chief Minister Omar Abdullah said the soldiers shot de
Published 14 Nov, 2014 12:00am
THE RUPEE: dollar rises on open market

THE RUPEE: dollar rises on open market

Strong demand for dollars pushed the rupee down on the open currency market on Thursday, dealers said. In the evening session, the dollar touched Rs 102.60 due to rush buying of dollars by investors for purchasing of gold, some experts said, adding that s
Published 14 Nov, 2014 12:00am
Overseas remit over $6 billion in 4MFY15

Overseas remit over $6 billion in 4MFY15

Overseas Pakistanis remitted an amount of $6077.82 million in first four months of current fiscal year (FY15), showing an impressive growth of 15.21 percent compared with $5275.61 million received during the same period of the last fiscal year (FY14).
Published 14 Nov, 2014 12:00am
THE RUPEE: dollar rises on open market

THE RUPEE: dollar rises on open market

Strong demand for dollars pushed the rupee down on the open currency market on Thursday, dealers said. In the evening session, the dollar touched Rs 102.60 due to rush buying of dollars by investors for purchasing of gold, some experts said, adding that s
Published 14 Nov, 2014 12:00am
Overseas remit over $6 billion in 4MFY15

Overseas remit over $6 billion in 4MFY15

Overseas Pakistanis remitted an amount of $6077.82 million in first four months of current fiscal year (FY15), showing an impressive growth of 15.21 percent compared with $5275.61 million received during the same period of the last fiscal year (FY14).
Published 14 Nov, 2014 12:00am
Overseas remit over $6 billion in 4MFY15

Overseas remit over $6 billion in 4MFY15

Overseas Pakistanis remitted an amount of $6077.82 million in first four months of current fiscal year (FY15), showing an impressive growth of 15.21 percent compared with $5275.61 million received during the same period of the last fiscal year (FY14).
Published 14 Nov, 2014 12:00am
PTI worker granted bail

PTI worker granted bail

An anti-terrorism court (ATC) in Islamabad on Thursday granted bail to Pakistan Tehreek-e-Insaf (PTI) worker Mirza Adeel Baig, who was arrested in three cases, including attacks on Pakistan Television (PTV) building and Parliament House. ATC Judge Syed Ka
Published 14 Nov, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (November 13, 2014).

Published 14 Nov, 2014 12:00am
PTI worker granted bail

PTI worker granted bail

An anti-terrorism court (ATC) in Islamabad on Thursday granted bail to Pakistan Tehreek-e-Insaf (PTI) worker Mirza Adeel Baig, who was arrested in three cases, including attacks on Pakistan Television (PTV) building and Parliament House. ATC Judge Syed Ka
Published 14 Nov, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (November 13, 2014).

Published 14 Nov, 2014 12:00am
Wagah attack: Jamaatul Ahrar releases bomber's details

Wagah attack: Jamaatul Ahrar releases bomber's details

The outlawed Tehreek-i-Taliban Pakistan Jamaatul Ahrar has released details of a man they claim carried out a deadly suicide bombing at the main Pakistan-India border crossing last week. A spokesman for the militant group, Ehsanullah Ehsan, told a private
Published 14 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 Thursday (November 13, 2014).

Published 14 Nov, 2014 12:00am
Wagah attack: Jamaatul Ahrar releases bomber's details

Wagah attack: Jamaatul Ahrar releases bomber's details

The outlawed Tehreek-i-Taliban Pakistan Jamaatul Ahrar has released details of a man they claim carried out a deadly suicide bombing at the main Pakistan-India border crossing last week. A spokesman for the militant group, Ehsanullah Ehsan, told a private
Published 14 Nov, 2014 12:00am
EU vows tax reform as Juncker heads to G20

EU vows tax reform as Juncker heads to G20

The European Commission unveiled a new push to fight tax evasion on Thursday as questions lingered over Commission head Jean-Claude Juncker's role in enabling companies to pay less tax during his 19 years as Luxembourg premier. The "political timing is no
Published 14 Nov, 2014 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (November 13, 2014)

Published 14 Nov, 2014 12:00am
EU vows tax reform as Juncker heads to G20

EU vows tax reform as Juncker heads to G20

The European Commission unveiled a new push to fight tax evasion on Thursday as questions lingered over Commission head Jean-Claude Juncker's role in enabling companies to pay less tax during his 19 years as Luxembourg premier. The "political timing is no
Published 14 Nov, 2014 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Thursday (November 13, 2014) and for Friday (November 14, 2014).
Published 14 Nov, 2014 12:00am
EU vows tax reform as Juncker heads to G20

EU vows tax reform as Juncker heads to G20

The European Commission unveiled a new push to fight tax evasion on Thursday as questions lingered over Commission head Jean-Claude Juncker''s role in enabling companies to pay less tax during his 19 years as Luxembourg premier. The "political timing is n
Published 14 Nov, 2014 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (November 13, 2014).

Published 14 Nov, 2014 12:00am
Two IDPs die in clashes with police

Two IDPs die in clashes with police

At least two Internally Displaced Persons (IDPs) from North Waziristan were killed in clashes with police during a food distribution drive. A stampeded broke out during the food distribution drive at the Bannu Sports Complex. Police opened aerial firing t
Published 14 Nov, 2014 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 14 Nov, 2014 12:00am
Two IDPs die in clashes with police

Two IDPs die in clashes with police

At least two Internally Displaced Persons (IDPs) from North Waziristan were killed in clashes with police during a food distribution drive. A stampeded broke out during the food distribution drive at the Bannu Sports Complex. Police opened aerial firing t
Published 14 Nov, 2014 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 14 Nov, 2014 12:00am
Dar notices decline in prices of commodities

Dar notices decline in prices of commodities

Federal Minister for Finance Ishaq Dar Thursday said the economic activities in the country were on track and due to the government's prudent policies the prices of different commodities have come down reasonably. "The government has already made a major
Published 14 Nov, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (November 13, 2014).

Published 14 Nov, 2014 12:00am
Dar notices decline in prices of commodities

Dar notices decline in prices of commodities

Federal Minister for Finance Ishaq Dar Thursday said the economic activities in the country were on track and due to the government's prudent policies the prices of different commodities have come down reasonably. "The government has already made a major
Published 14 Nov, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (November 13, 2014).

Published 14 Nov, 2014 12:00am
Dar notices decline in prices of commodities

Dar notices decline in prices of commodities

Federal Minister for Finance Ishaq Dar Thursday said the economic activities in the country were on track and due to the government''s prudent policies the prices of different commodities have come down reasonably. "The government has already made a major
Published 14 Nov, 2014 12:00am
The Weather

The Weather

The weather report on Thursday (November 13, 2014) and the forecast for Friday (November 14, 2014).

Published 14 Nov, 2014 12:00am
Police make arrests amid suspected rise in IS links

Police make arrests amid suspected rise in IS links

Police were questioning local militants over alleged links with Islamic State, officials said Thursday, amid signs the group is seeking to increase its influence in the country. Police arrested an unstated number of men in Multan and Lahore, after two of
Published 14 Nov, 2014 12:00am