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Dec 04, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-12-06
Mepco to upgrade transmission system: CEO

Mepco to upgrade transmission system: CEO

Independent grid stations and feeders would be established for the industrial zones and estates in MEPCO region and the transmission system would be upgraded to improve power supply to consumers. This was stated by Chief Executive Officer, Multan Electric
Published 06 Dec, 2014 12:00am
'Government working day and night to end loadshedding'

'Government working day and night to end loadshedding'

Federal Minister for Planning and Development Ahsan Iqbal said Friday that government is working day and night to end load shedding from the country. He said that it will take some time to overcome the energy crisis. He was addressing the inauguration cer
Published 06 Dec, 2014 12:00am
9th Cabinet Committee's meeting on GSP Plus held

9th Cabinet Committee's meeting on GSP Plus held

Ninth Cabinet Committee's meeting on GSP Plus was held under the chairmanship of Minister for Industries, Chaudhry Muhammad Shafique at Civil Secretariat. Minister for Labour & Human Resource, Raja Ashfaq Sarwar, provincial secretaries and officials of Pu
Published 06 Dec, 2014 12:00am
Honda Atlas Cars: Nippon Paint becomes authorised supplier

Honda Atlas Cars: Nippon Paint becomes authorised supplier

Nippon Paint Pakistan, after dominating decorative segment of the paint industry in Pakistan, achieved another milestone in this market proving its excellence in Passenger Cars of the OEM (Original Equipment Manufacturing) segment as well. Nippon Paint Pa
Published 06 Dec, 2014 12:00am
ICAP holds certificate- distribution ceremony

ICAP holds certificate- distribution ceremony

The certificate distribution ceremony for the newly qualified Chartered Accountants was hosted by the Institute of Chartered Accountants of Pakistan (ICAP) and organized by the Southern Regional Committee (SRC), ICAP, recently at a local hotel in Karachi.
Published 06 Dec, 2014 12:00am
EU envoy advocates enhanced Pakistan-India trade to reduce tensions

EU envoy advocates enhanced Pakistan-India trade to reduce tensions

Lars-Gunnar Wigemark, Ambassador of EU delegation to Pakistan has urged to increase trade between Pakistan and India to reduce tension between the two countries. Speaking at a seminar organised by the Competition Commission of Pakistan (CCP) on the occasi
Published 06 Dec, 2014 12:00am
Punjab government paying Rs 1,000 to each blind person, PA told

Punjab government paying Rs 1,000 to each blind person, PA told

Punjab Assembly was told on Friday that the provincial government was paying Rs 1,000 to each registered blind person in Punjab. The 11th session of the provincial legislature was held here with Speaker Rana Muhammad Iqbal in the chair. Two newly-elected
Published 06 Dec, 2014 12:00am
KP business community seeks fresh fiscal relief package

KP business community seeks fresh fiscal relief package

Business community of Khyber Pakhtunkhwa demanded the government to announce a fresh fiscal relief package, what they said that situation is still precarious in term security and law and order in the province.
Published 06 Dec, 2014 12:00am
Staple food crops pricing: CCP takes note of suspected cartelization

Staple food crops pricing: CCP takes note of suspected cartelization

Dr Joseph Wilson, Chairman Competition Commission of Pakistan (CCP) Friday disclosed that the CCP has taken notice of the suspected cartelisation in staple food crops pricing and is sharing data with the relevant ministries. On the occasion of a seminar o
Published 06 Dec, 2014 12:00am
Anti-polio drive in Sialkot to start on December 8

Anti-polio drive in Sialkot to start on December 8

All necessary arrangements have been finalised for launching a three day anti-polio drive in Sialkot district. The campaign will be started on December 8th in Sialkot district said District Co-ordination Officer (DCO) Nadeem Sarwar.
Published 06 Dec, 2014 12:00am
Eradication of weeds: growers advised to pay attention

Eradication of weeds: growers advised to pay attention

Punjab Agriculture Department (PAD) has advised the growers of 'grams' crop to pay special attention on eradication of weeds from their fields as fast pace growth of weeds is witnessed because of high moisture. It may lead to reduction in the yield, said
Published 06 Dec, 2014 12:00am
Pakistan Railways approves two-minute stop

Pakistan Railways approves two-minute stop

Pakistan Railways (PR) has approved a two-minute stop for Millat Express (17 Up/18 Down) at Mehrabpur and Sadiqabad Stations till February 28, 2015 on temporary basis for facilitating the passengers. PR Spokesman announced this here on Friday, and also di
Published 06 Dec, 2014 12:00am
IHC grants pre-arrest bail to MNA Ejaz Chaudhry

IHC grants pre-arrest bail to MNA Ejaz Chaudhry

The Islamabad High Court on Friday granted pre-arrest bail to Ejaz Chaudhry, a Member of National Assembly, who has recently quit ruling Pakistan Muslim League-Nawaz (PML-N) to join Pakistan Tehreek-e-Insaf (PTI). A single-member bench headed by Justice N
Published 06 Dec, 2014 12:00am
IESCO notice

IESCO notice

According to IESCO spokesman, due to electricity maintenance/development work, power supply of the following feeders to remain suspended: On December 09, from 08:00am to 12:00noon, Line Park, Dhoda, Bhall, Bhangali, Main Bazaar, Bilalabad, D S Bilawal, Ta
Published 06 Dec, 2014 12:00am
Strengthening democracy and institutions: President hails role of EU

Strengthening democracy and institutions: President hails role of EU

President Mamnoon Hussain on Friday hailed the role of European Union for strengthening democracy and democratic institutions in Pakistan. The President was talking to Member of the European Parliament and Vice President of Parliamentary Development Commi
Published 06 Dec, 2014 12:00am
Policy being framed to regularise contractual government employees

Policy being framed to regularise contractual government employees

The government is formulating a new policy to regularise contractual employees in different public, autonomous and semi-autonomous organisations and performance of each employee would also be reviewed. Minister of State for Parliamentary Affairs Sheikh Af
Published 06 Dec, 2014 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on December 02, 2014.

Published 06 Dec, 2014 12:00am
IMF to release $1.1 billion on 17th, National Assembly told

IMF to release $1.1 billion on 17th, National Assembly told

The International Monetary Fund (IMF) will release $1.1 billion tranche to Pakistan on December 17. "Talks with IMF have remained successful. Pakistan Muslim League-Nawaz (PML-N) has fulfilled all commitments made with the IMF. Now, the IMF would release
Published 06 Dec, 2014 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on December 02, 2014.

Published 06 Dec, 2014 12:00am
Internet freedom: Pakistan among 10 worst countries

Internet freedom: Pakistan among 10 worst countries

Pakistan rights groups on Friday criticised the government for restricting internet access after a global survey showed the country among the 10 lowest-ranking nations in terms of internet freedom. A report by US advocacy group Freedom House - released on
Published 06 Dec, 2014 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on December 02, 2014.

Published 06 Dec, 2014 12:00am
Cement dispatches up by 11 percent last month

Cement dispatches up by 11 percent last month

Overall cement dispatches in November-2014 shot up by 11 per cent YoY to 3.0 million tons in the wake of rising domestic demand. According to All Pakistan Cement Manufacturers Association (APCMA), growth in local dispatches was due to higher demand from t
Published 06 Dec, 2014 12:00am
The Weather

The Weather

The weather report on Friday (December 05, 2014) and the forecast for Saturday (December 06, 2014).

Published 06 Dec, 2014 12:00am
Ex-servicemen hail appointment of Justice Raza as CEC

Ex-servicemen hail appointment of Justice Raza as CEC

The Pakistan Ex-servicemen Association (PESA) has welcomed appointment of Justice Sardar Raza Khan as new the Chief Election Commissioner (CEC). He is a man of integrity who gave judgements based on law and his convictions. In a statement issued by Genera
Published 06 Dec, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (December 05, 2014).

Published 06 Dec, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (December 05, 2014).

Published 06 Dec, 2014 12:00am
Power subsidy

Power subsidy

Apropos 'Power subsidy skewed towards better off sections of society: WB' carried by Business Recorder yesterday, the World Bank's Chief Economist has pointed out the electricity subsidy provided by the government in Pakistan is skewed towards rela
Published 06 Dec, 2014 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 06 Dec, 2014 12:00am
Dying to escape crisis-hit Greece

Dying to escape crisis-hit Greece

Strapped to the underbelly of a train, 23-year-old Ali Arzin from Afghanistan had hoped to cross the border of crisis-hit Greece into Macedonia and eventually reach another EU country. But the wooden platform he had rigged in November beneath the train ca
Published 06 Dec, 2014 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 06 Dec, 2014 12:00am
Wordplay a new weapon in Hong Kong democracy battle

Wordplay a new weapon in Hong Kong democracy battle

In street tents, on stages and online, Hong Kong's young demonstrators express themselves in an emerging dialect that is evolving so rapidly Helen Fan decided to deploy a new weapon in the democracy fight: a dictionary. The soft-spoken artist is one of a
Published 06 Dec, 2014 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (December 05, 2014).

Published 06 Dec, 2014 12:00am
Free enterprise in ideas

Free enterprise in ideas

Has Pakistan achieved independence and do we still consider ourselves as independent? I am afraid that what we call freedom is still a long way off. It is like I say that we may have graduated from the universities but we have yet to graduate in life. A d
Published 06 Dec, 2014 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Friday (December 05, 2014) and for Saturday (December 06, 2014).
Published 06 Dec, 2014 12:00am
Punjab police's bad behaviour

Punjab police's bad behaviour

The Punjab police acted true to its reputation on the International Day of Persons with Disabilities, when some 200 visually impaired persons staged a protest demonstration to demand implementation of two percent job quota for special persons in all gover
Published 06 Dec, 2014 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (December 05, 2014)

Published 06 Dec, 2014 12:00am
Perceptible decline in corruption?

Perceptible decline in corruption?

Transparency International (TI) has stated that Pakistan's ranking in Corruption Perception Index (CPI) has improved, indicating a reduction in public sector corruption. Pakistan's score of 29 out of a 100 and ranking of 126 out of a total of 175 countrie
Published 06 Dec, 2014 12:00am
Obama nominates Ashton Carter as Pentagon chief

Obama nominates Ashton Carter as Pentagon chief

President Barack Obama on Friday named Ashton Carter, a technocrat and academic with deep experience working in the Pentagon, to replace Chuck Hagel as US defence secretary. Obama praised the 60-year-old former deputy defense secretary, saying that he wou
Published 06 Dec, 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 (December 05, 2014).

Published 06 Dec, 2014 12:00am
Cameron asks Prime Minister to treat Briton jailed for blasphemy fairly

Cameron asks Prime Minister to treat Briton jailed for blasphemy fairly

Prime Minister David Cameron asked his Pakistani counterpart Nawaz Sharif on Friday to ensure a British man jailed for blasphemy is treated fairly and that his history of mental health is taken into account. Cameron raised the case of 70-year-old Asghar d
Published 06 Dec, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (December 05, 2014).

Published 06 Dec, 2014 12:00am
Cameron asks Prime Minister to treat Briton jailed for blasphemy fairly

Cameron asks Prime Minister to treat Briton jailed for blasphemy fairly

Prime Minister David Cameron asked his Pakistani counterpart Nawaz Sharif on Friday to ensure a British man jailed for blasphemy is treated fairly and that his history of mental health is taken into account. Cameron raised the case of 70-year-old Asghar d
Published 06 Dec, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (December 05, 2014).

Published 06 Dec, 2014 12:00am
PML-N Balochistan MPA disqualified

PML-N Balochistan MPA disqualified

PML-N Member Balochistan Assembly, Akbar Askani, was disqualified by Balochistan High Court, here on Friday. Askani was elected from PB-50 Kech on a PML-N ticket. A single-member bench of Justice Muhammad Hashim Kakar declared Askani disqualified after re
Published 06 Dec, 2014 12:00am
PML-N Balochistan MPA disqualified

PML-N Balochistan MPA disqualified

PML-N Member Balochistan Assembly, Akbar Askani, was disqualified by Balochistan High Court, here on Friday. Askani was elected from PB-50 Kech on a PML-N ticket. A single-member bench of Justice Muhammad Hashim Kakar declared Askani disqualified after re
Published 06 Dec, 2014 12:00am
Weekly SPI inflation down by 0.38 percent

Weekly SPI inflation down by 0.38 percent

The weekly Sensitive Price Indicator (SPI) inflation decreased by 0.38 percent during the week ending December 4. The provisional data, released by Pakistan Bureau of Statistics shows that the SPI for the week under review was recorded at 212.10 point aga
Published 06 Dec, 2014 12:00am
THE RUPEE: gains extend

THE RUPEE: gains extend

The rupee managed to extend overnight gains against the dollar on the currency market on Friday, dealers said. The rupee strengthened versus the dollar, picking up more 22-paisa for buying and selling at Rs 101.35 and Rs 101.38 respectively, they said.
Published 06 Dec, 2014 12:00am
Weekly SPI inflation down by 0.38 percent

Weekly SPI inflation down by 0.38 percent

The weekly Sensitive Price Indicator (SPI) inflation decreased by 0.38 percent during the week ending December 4. The provisional data, released by Pakistan Bureau of Statistics shows that the SPI for the week under review was recorded at 212.10 point aga
Published 06 Dec, 2014 12:00am
THE RUPEE: gains extend

THE RUPEE: gains extend

The rupee managed to extend overnight gains against the dollar on the currency market on Friday, dealers said. The rupee strengthened versus the dollar, picking up more 22-paisa for buying and selling at Rs 101.35 and Rs 101.38 respectively, they said.
Published 06 Dec, 2014 12:00am
Weekly SPI inflation down by 0.38 percent

Weekly SPI inflation down by 0.38 percent

The weekly Sensitive Price Indicator (SPI) inflation decreased by 0.38 percent during the week ending December 4. The provisional data, released by Pakistan Bureau of Statistics shows that the SPI for the week under review was recorded at 212.10 point aga
Published 06 Dec, 2014 12:00am
Ex-IMF chief denies bank misrepresented accounts before listing

Ex-IMF chief denies bank misrepresented accounts before listing

Ex-IMF head Rodrigo Rato denied Friday that bailed-out Spanish lender Bankia misrepresented its accounts ahead of its doomed 2011 stock listing while he was chairman of the bank. The allegations came in a Bank of Spain report submitted to a court investig
Published 06 Dec, 2014 12:00am
Ex-IMF chief denies bank misrepresented accounts before listing

Ex-IMF chief denies bank misrepresented accounts before listing

Ex-IMF head Rodrigo Rato denied Friday that bailed-out Spanish lender Bankia misrepresented its accounts ahead of its doomed 2011 stock listing while he was chairman of the bank. The allegations came in a Bank of Spain report submitted to a court investig
Published 06 Dec, 2014 12:00am
Ex-IMF chief denies bank misrepresented accounts before listing

Ex-IMF chief denies bank misrepresented accounts before listing

Ex-IMF head Rodrigo Rato denied Friday that bailed-out Spanish lender Bankia misrepresented its accounts ahead of its doomed 2011 stock listing while he was chairman of the bank. The allegations came in a Bank of Spain report submitted to a court investig
Published 06 Dec, 2014 12:00am
China arrests former security chief

China arrests former security chief

China's powerful former security chief Zhou Yongkang has been arrested and put under a judicial probe after being expelled from the Communist Party, the state-run Xinhua news agency reported early Saturday. Zhou - who retired from China's all-powerful Pol
Published 06 Dec, 2014 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (December 05, 2014).

Published 06 Dec, 2014 12:00am
China arrests former security chief

China arrests former security chief

China's powerful former security chief Zhou Yongkang has been arrested and put under a judicial probe after being expelled from the Communist Party, the state-run Xinhua news agency reported early Saturday. Zhou - who retired from China's all-powerful Pol
Published 06 Dec, 2014 12:00am
LSE index down by 6.72 points

LSE index down by 6.72 points

Equities suffered losses and closed in minus column at the Lahore Stock Exchange (LSE) amid descending transaction volume on Friday. The LSE-25 index declined by 06.72 points and was closed at 5811.19 points against 5817.91 points of Thursday, while trans
Published 06 Dec, 2014 12:00am
LSE index down by 6.72 points

LSE index down by 6.72 points

Equities suffered losses and closed in minus column at the Lahore Stock Exchange (LSE) amid descending transaction volume on Friday. The LSE-25 index declined by 06.72 points and was closed at 5811.19 points against 5817.91 points of Thursday, while trans
Published 06 Dec, 2014 12:00am
Judges' detention case: one day exemption granted to Musharraf

Judges' detention case: one day exemption granted to Musharraf

Granting one-day exemption to former President General Pervez Musharraf (Retd) from court appearance in judges' detention case, the Anti-Terrorism Court (ATC) Islamabad on Friday summoned Musharraf again on December 19. ATC judge Kausar Abbas Zaidi resume
Published 06 Dec, 2014 12:00am
Cases against senior PPP leaders: FIA moving at snail's pace

Cases against senior PPP leaders: FIA moving at snail's pace

The Federal Investigation Agency (FIA) is yet to complete investigations into some high profile corruption scams involving influential politicians and bureaucrats pending for the last several years, it is learnt. An official source told Business Record
Published 06 Dec, 2014 12:00am
Cases against senior PPP leaders: FIA moving at snail's pace

Cases against senior PPP leaders: FIA moving at snail's pace

The Federal Investigation Agency (FIA) is yet to complete investigations into some high profile corruption scams involving influential politicians and bureaucrats pending for the last several years, it is learnt. An official source told Business Record
Published 06 Dec, 2014 12:00am
Presentation

Presentation

Presentation at KSE auditorium (only for members and an authorised employee of the members).

Published 06 Dec, 2014 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 06 Dec, 2014 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 06 Dec, 2014 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 06 Dec, 2014 12:00am
BRIndex30 up 40.83 points

BRIndex30 up 40.83 points

On Friday, BRIndex30 opened at 17,691.26 points. It touched an intraday high of 17,860.55 points and an intraday low of 17,677.28 points and closed at 17,732.09 points which was 40.83 points or 0.23 percent higher than previous close. Total volume was 152
Published 06 Dec, 2014 12:00am
BRIndex30 up 40.83 points

BRIndex30 up 40.83 points

On Friday, BRIndex30 opened at 17,691.26 points. It touched an intraday high of 17,860.55 points and an intraday low of 17,677.28 points and closed at 17,732.09 points which was 40.83 points or 0.23 percent higher than previous close. Total volume was 152
Published 06 Dec, 2014 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 06 Dec, 2014 12:00am
Index gains 58 points

Index gains 58 points

Equities at the Karachi share market kept moving up and on the last trading day of the week Friday, the benchmark KSE-100 index hit a new peak of 32,149 points on strong valuations. Analysts at JS said the market continued to tread into uncharted territor
Published 06 Dec, 2014 12:00am
Index gains 58 points

Index gains 58 points

Equities at the Karachi share market kept moving up and on the last trading day of the week Friday, the benchmark KSE-100 index hit a new peak of 32,149 points on strong valuations. Analysts at JS said the market continued to tread into uncharted territor
Published 06 Dec, 2014 12:00am
Index gains 58 points

Index gains 58 points

Equities at the Karachi share market kept moving up and on the last trading day of the week Friday, the benchmark KSE-100 index hit a new peak of 32,149 points on strong valuations. Analysts at JS said the market continued to tread into uncharted territor
Published 06 Dec, 2014 12:00am
Imran rejects proposal

Imran rejects proposal

Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan on Friday rejected Finance Minister Ishaq Dar's proposal to call off the sit-in to pave way for talks, saying, 'let Dar build castles in the air as PTI will continue sit-ins unless probe into rigging is c
Published 06 Dec, 2014 12:00am
Imran rejects proposal

Imran rejects proposal

Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan on Friday rejected Finance Minister Ishaq Dar's proposal to call off the sit-in to pave way for talks, saying, 'let Dar build castles in the air as PTI will continue sit-ins unless probe into rigging is c
Published 06 Dec, 2014 12:00am
Talks with PTI: government may resume process from tomorrow

Talks with PTI: government may resume process from tomorrow

Finance Minister Ishaq Dar Friday said the government is ready to hold talks with Pakistan Tehreek-e-Insaf (PTI) and may resume the process from Sunday. "A commission under the 1956 Inquiry Commission Act may be formed to probe the alleged rigging in the
Published 06 Dec, 2014 12:00am
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