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Print - 2014-12-19
KE signs accord with Engro

KE signs accord with Engro

K-Electric Limited on Thursday signed two separate MoUs with Engro with the objective of increasing power supply to the city and it's adjoining areas using LNG as fuel for new generation. Introduction of LNG in the fuel mix is part of KE's strategy to ach
Published 19 Dec, 2014 12:00am
MSS inaugurates Child Healthcare Centre in Rohri

MSS inaugurates Child Healthcare Centre in Rohri

Marie Stopes Society (MSS), with funding from United States Agency for International Development's (USAID) Maternal and Child Health Program, inaugurated a new Mother and Child Health Centre at Rohri. The inauguration ceremony was well attended by represe
Published 19 Dec, 2014 12:00am
PPP Punjab holds protest

PPP Punjab holds protest

PPP Punjab held protest against terrorists' attack on army -run school of Peshawar outside the Press Club, here on Thursday. The PPP leadership condemned the terrible attack on school children, saying the nation had become united against terrorism.
Published 19 Dec, 2014 12:00am
Pakistan, Indonesia trade may touch $2 billion this year: envoy

Pakistan, Indonesia trade may touch $2 billion this year: envoy

Bilateral trade between Indonesia and Pakistan is all set to achieve a historic milestone as it is expected to touch US two billion dollars mark by the end of this year. Ambassador of the Republic of Indonesia Burhan Muhammad stated this at a working dinn
Published 19 Dec, 2014 12:00am
HBL, OUP enter into alliance

HBL, OUP enter into alliance

Habib Bank Limited (HBL) entered into a strategic alliance with Oxford University Press Pakistan during a ceremony held at the HBL Head Office, here in Karachi. As per the agreement, HBL will provide complete banking services to OUP-P. The agreement was s
Published 19 Dec, 2014 12:00am
ZONG IT systems appraised at level 2 of CMMI

ZONG IT systems appraised at level 2 of CMMI

China Mobile Pakistan Ltd (Zong), Pakistan's fastest growing and most advanced telecom operator in the country. ZONG's Software Development & Automation Department has recently been appraised at Level 2 of the CMMI (Capability Maturity Model Integration).
Published 19 Dec, 2014 12:00am
Army chief signs death warrants for six militants

Army chief signs death warrants for six militants

Military chief Thursday signed death warrants for six militants on death row after the government ended a moratorium on capital punishment in terror-related cases, the military said. "CoAS (Chief of Army Staff) today signed death warrants of 6 hardcore te
Published 19 Dec, 2014 12:00am
Army chief signs death warrants for six militants

Army chief signs death warrants for six militants

Military chief Thursday signed death warrants for six militants on death row after the government ended a moratorium on capital punishment in terror-related cases, the military said. "CoAS (Chief of Army Staff) today signed death warrants of 6 hardcore te
Published 19 Dec, 2014 12:00am
Government warns prisons of 'massive' jailbreak

Government warns prisons of 'massive' jailbreak

Government Thursday issued threat alert for a potential "massive" prison break in the restive north-west after the government announced end to a moratorium on the death penalty in terror-related cases. "We received terror alert today about a possible pris
Published 19 Dec, 2014 12:00am
Government warns prisons of 'massive' jailbreak

Government warns prisons of 'massive' jailbreak

Government Thursday issued threat alert for a potential "massive" prison break in the restive north-west after the government announced end to a moratorium on the death penalty in terror-related cases. "We received terror alert today about a possible pris
Published 19 Dec, 2014 12:00am
Terrorism-related cases: government mulling setting up military courts

Terrorism-related cases: government mulling setting up military courts

Pakistan Muslim League-Nawaz (PML-N) government is seriously considering establishing military courts in the country for speedy trial of terrorists, it is learnt. According to sources, the issue for the establishment of military courts was discussed betwe
Published 19 Dec, 2014 12:00am
Terrorism-related cases: government mulling setting up military courts

Terrorism-related cases: government mulling setting up military courts

Pakistan Muslim League-Nawaz (PML-N) government is seriously considering establishing military courts in the country for speedy trial of terrorists, it is learnt. According to sources, the issue for the establishment of military courts was discussed betwe
Published 19 Dec, 2014 12:00am
IMF for tax administration reforms

IMF for tax administration reforms

The Inter-national Monetary Fund (IMF) has said that there is still ample scope for increasing tax revenues; especially through tax administration reforms as fiscal consolidation is broadly on track, but the Pakistani authorities must be prepared to take
Published 19 Dec, 2014 12:00am
IMF for tax administration reforms

IMF for tax administration reforms

The Inter-national Monetary Fund (IMF) has said that there is still ample scope for increasing tax revenues; especially through tax administration reforms as fiscal consolidation is broadly on track, but the Pakistani authorities must be prepared to take
Published 19 Dec, 2014 12:00am
IMF for tax administration reforms

IMF for tax administration reforms

The Inter-national Monetary Fund (IMF) has said that there is still ample scope for increasing tax revenues; especially through tax administration reforms as fiscal consolidation is broadly on track, but the Pakistani authorities must be prepared to take
Published 19 Dec, 2014 12:00am
Equities bounce back

Equities bounce back

The Karachi Stock Exchange (KSE) benchmark 100-share index Thursday recovered 160.31 points or 0.52 percent on the back of the news a consensus developed by all political parties over the terrorism issue. The KSE-100 index closed at 30,827.45 points, up 0
Published 19 Dec, 2014 12:00am
Equities bounce back

Equities bounce back

The Karachi Stock Exchange (KSE) benchmark 100-share index Thursday recovered 160.31 points or 0.52 percent on the back of the news a consensus developed by all political parties over the terrorism issue. The KSE-100 index closed at 30,827.45 points, up 0
Published 19 Dec, 2014 12:00am
Equities bounce back

Equities bounce back

The Karachi Stock Exchange (KSE) benchmark 100-share index Thursday recovered 160.31 points or 0.52 percent on the back of the news a consensus developed by all political parties over the terrorism issue. The KSE-100 index closed at 30,827.45 points, up 0
Published 19 Dec, 2014 12:00am
BRIndex30 gains 95.09 points

BRIndex30 gains 95.09 points

On Thurs-day, BRIndex30 opened at 16,878.84 points and remained positive throughout the trading session. It touched an intraday high of 17,156.20 points and an intraday low of 16,878.84 points and closed at 16,973.93 points which was 95.09 points or 0.56
Published 19 Dec, 2014 12:00am
BRIndex30 gains 95.09 points

BRIndex30 gains 95.09 points

On Thurs-day, BRIndex30 opened at 16,878.84 points and remained positive throughout the trading session. It touched an intraday high of 17,156.20 points and an intraday low of 16,878.84 points and closed at 16,973.93 points which was 95.09 points or 0.56
Published 19 Dec, 2014 12:00am
LSE index further improves

LSE index further improves

Equities on Thursday moved both ways on the Lahore Stock Exchange and finally stayed in green zone amid descending transaction volume on account of cautious approach of investors. The LSE-25 index was further improved by 59.08 points to close at 5820.05 a
Published 19 Dec, 2014 12:00am
LSE index further improves

LSE index further improves

Equities on Thursday moved both ways on the Lahore Stock Exchange and finally stayed in green zone amid descending transaction volume on account of cautious approach of investors. The LSE-25 index was further improved by 59.08 points to close at 5820.05 a
Published 19 Dec, 2014 12:00am
Mitsubishi team discusses LNG import, investment with Dar

Mitsubishi team discusses LNG import, investment with Dar

A 4-member delegation of the Mitsubishi Corporation, led by Kimihide Ando, Chief Executive for Pakistan on Thursday discussed with Finance Minister, Ishaq Dar matters pertaining to possible export of LNG by Diamond Gas International (based in Singapore) t
Published 19 Dec, 2014 12:00am
Several IS leaders in Iraq killed in air strikes

Several IS leaders in Iraq killed in air strikes

Several leaders of the Islamic State group have been killed in US air strikes in northern Iraq in recent weeks, a US defence official said Thursday. "These were the result of a series of air strikes this month carried out over the course of several days,"
Published 19 Dec, 2014 12:00am
ISE index up by 42.45 points

ISE index up by 42.45 points

Bulls dominated the proceedings at the Islamabad Stock Exchange (ISE) on Thursday, 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 42.45 points as the ISE T
Published 19 Dec, 2014 12:00am
ISE index up by 42.45 points

ISE index up by 42.45 points

Bulls dominated the proceedings at the Islamabad Stock Exchange (ISE) on Thursday, 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 42.45 points as the ISE T
Published 19 Dec, 2014 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 19 Dec, 2014 12:00am
Import of mobile phones reaches $224.594 million in July-October

Import of mobile phones reaches $224.594 million in July-October

The country's import of mobile phones reached $224.594 million in July-October 2014-15, up by 3.23 percent, official figures say. Mobile phones import went up by $7.026 million in July-October 2014-15 from $217.568 million in July-October 2013-14, accordi
Published 19 Dec, 2014 12:00am
UN General Assembly adopts Pakistan's resolution

UN General Assembly adopts Pakistan's resolution

The UN General Assembly on Thursday stamped its approval on a Pakistan-sponsored resolution reaffirming that the universal realisation of the right of peoples to self-determination was a fundamental condition for the effective guarantee and observance of
Published 19 Dec, 2014 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 19 Dec, 2014 12:00am
Anti-terror body to meet today

Anti-terror body to meet today

A special parliamentary committee formed to frame a national action plan to counter the menace of terrorism in the country will meet on Friday (today). The decision to constitute the committee comprising members from all political parties, armed forces an
Published 19 Dec, 2014 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 19 Dec, 2014 12:00am
Anti-terror body to meet today

Anti-terror body to meet today

A special parliamentary committee formed to frame a national action plan to counter the menace of terrorism in the country will meet on Friday (today). The decision to constitute the committee comprising members from all political parties, armed forces an
Published 19 Dec, 2014 12:00am
Mumbai attack case: Lakhvi granted bail

Mumbai attack case: Lakhvi granted bail

An Anti-terrorism Court (ATC) of Islamabad on Thursday granted bail to Zaki-ur-Rehman Lakhvi, the main accused in the 2008 Mumbai terrorist attack. The ATC judge, Syed Kosar Abbas Zaidi, resumed the hearing of the November 26, 2008 Mumbai terrorists attac
Published 19 Dec, 2014 12:00am
Mumbai attack case: Lakhvi granted bail

Mumbai attack case: Lakhvi granted bail

An Anti-terrorism Court (ATC) of Islamabad on Thursday granted bail to Zaki-ur-Rehman Lakhvi, the main accused in the 2008 Mumbai terrorist attack. The ATC judge, Syed Kosar Abbas Zaidi, resumed the hearing of the November 26, 2008 Mumbai terrorists attac
Published 19 Dec, 2014 12:00am
India slams Pakistan

India slams Pakistan

India said Thursday that Pakistan court's decision to grant bail to the alleged mastermind of 2008 terror attacks in Mumbai was unacceptable and demanded immediate steps to reverse the decision. Zaki-ur-Rehman Lakhvi is accused of planning the 60-hour sie
Published 19 Dec, 2014 12:00am
India slams Pakistan

India slams Pakistan

India said Thursday that Pakistan court's decision to grant bail to the alleged mastermind of 2008 terror attacks in Mumbai was unacceptable and demanded immediate steps to reverse the decision. Zaki-ur-Rehman Lakhvi is accused of planning the 60-hour sie
Published 19 Dec, 2014 12:00am
Regulatory Duty on export of potato may be lifted

Regulatory Duty on export of potato may be lifted

The Economic Co-ordination Committee (ECC) of the Cabinet, which is scheduled to be held today (Friday), is likely to lift a Regulatory Duty (RD) on export of potato, it was leant. Sources told Business Recorder that a proposal to this effect has b
Published 19 Dec, 2014 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (December 18, 2014).

Published 19 Dec, 2014 12:00am
Regulatory Duty on export of potato may be lifted

Regulatory Duty on export of potato may be lifted

The Economic Co-ordination Committee (ECC) of the Cabinet, which is scheduled to be held today (Friday), is likely to lift a Regulatory Duty (RD) on export of potato, it was leant. Sources told Business Recorder that a proposal to this effect has b
Published 19 Dec, 2014 12:00am
Regulatory Duty on export of potato may be lifted

Regulatory Duty on export of potato may be lifted

The Economic Co-ordination Committee (ECC) of the Cabinet, which is scheduled to be held today (Friday), is likely to lift a Regulatory Duty (RD) on export of potato, it was leant. Sources told Business Recorder that a proposal to this effect has b
Published 19 Dec, 2014 12:00am
Regulatory Duty on export of potato may be lifted

Regulatory Duty on export of potato may be lifted

The Economic Co-ordination Committee (ECC) of the Cabinet, which is scheduled to be held today (Friday), is likely to lift a Regulatory Duty (RD) on export of potato, it was leant. Sources told Business Recorder that a proposal to this effect has b
Published 19 Dec, 2014 12:00am
K-Electric considering selling shares to South Korean company: minister

K-Electric considering selling shares to South Korean company: minister

Minister for Water and Power Khawaja Muahammad Asif Thursday told a parliamentary panel that K-Electric management is considering selling shares to a South Korean company. Briefing National Assembly's Standing Committee on Water and Power headed by Arshad
Published 19 Dec, 2014 12:00am
K-Electric considering selling shares to South Korean company: minister

K-Electric considering selling shares to South Korean company: minister

Minister for Water and Power Khawaja Muahammad Asif Thursday told a parliamentary panel that K-Electric management is considering selling shares to a South Korean company. Briefing National Assembly's Standing Committee on Water and Power headed by Arshad
Published 19 Dec, 2014 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

The rupee recovered with modest gains against the dollar on the money market on Thursday, dealers said. The rupee picked up 10-paisa in relation to the dollar for buying and selling at Rs 100.44 and Rs 100.47 respectively, they said.
Published 19 Dec, 2014 12:00am
K-Electric considering selling shares to South Korean company: minister

K-Electric considering selling shares to South Korean company: minister

Minister for Water and Power Khawaja Muahammad Asif Thursday told a parliamentary panel that K-Electric management is considering selling shares to a South Korean company. Briefing National Assembly''s Standing Committee on Water and Power headed by Arsha
Published 19 Dec, 2014 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

The rupee recovered with modest gains against the dollar on the money market on Thursday, dealers said. The rupee picked up 10-paisa in relation to the dollar for buying and selling at Rs 100.44 and Rs 100.47 respectively, they said.
Published 19 Dec, 2014 12:00am
Forces kill 27 militants in NW

Forces kill 27 militants in NW

Forces killed 27 suspected militants in air strikes and a ground operation Thursday in the restive north-west hours after a roadside bomb killed three soldiers, officials said. The government and military have reaffirmed their determination to defeat the
Published 19 Dec, 2014 12:00am
Forces kill 27 militants in NW

Forces kill 27 militants in NW

Forces killed 27 suspected militants in air strikes and a ground operation Thursday in the restive north-west hours after a roadside bomb killed three soldiers, officials said. The government and military have reaffirmed their determination to defeat the
Published 19 Dec, 2014 12:00am
Ijara Sukuk OMO Rs 20.3 billion bids accepted

Ijara Sukuk OMO Rs 20.3 billion bids accepted

State Bank of Pakistan (SBP) Thursday conducted another Open Market Operation (OMO) for outright purchase (Bai Muajjal) of Government of Pakistan Ijara Sukuk (GIS) and accepted bids amounting to Rs 20.3 billion. Bids were invited on December 18, 2014 and
Published 19 Dec, 2014 12:00am
Roadside IED blast kills three soldiers in NW

Roadside IED blast kills three soldiers in NW

A roadside bomb Thursday killed three paramilitary soldiers in the north-west, officials said. "Three paramilitary soldiers were killed when they walked over an IED (improvised explosive device) planted on a roadside in Damadola area of Bajour tribal dist
Published 19 Dec, 2014 12:00am
Nation united to thwart nefarious designs of terrorists: Ibad

Nation united to thwart nefarious designs of terrorists: Ibad

Governor Sindh Dr Ishrat-ul-Ibad Khan on Thursday said that in the wake of Peshawar carnage, the whole nation was united and ready to thwart the nefarious designs of terrorists. Talking to media persons at a candlelight vigil organised by Citizens Police
Published 19 Dec, 2014 12:00am
Airlines asked to reschedule flights

Airlines asked to reschedule flights

To avert passengers inconvenience regarding flight operations, Pakistan Civil Aviation Authority (CAA) has issued an advisory for airlines to reschedule their flights at Lahore and Islamabad airports in accordance with anticipated fog and severe weather c
Published 19 Dec, 2014 12:00am
Punjab government approves four welfare schemes worth Rs 1.62 billion

Punjab government approves four welfare schemes worth Rs 1.62 billion

The Provincial Development Working Party (PDWP) Punjab approved four development schemes of various development sectors with an estimated cost of Rs 1620.171 million. These schemes were approved in the 28th PDWP meeting of current fiscal year 2014-15, pre
Published 19 Dec, 2014 12:00am
LCCI urges FBR to expedite stuck-up ST, IT refund claims

LCCI urges FBR to expedite stuck-up ST, IT refund claims

Lahore Chamber of Commerce and Industry (LCCI) on Thursday demanded of the Chairman Federal Board of Revenue (FBR) to expedite stuck-up Sales Tax and Income Tax refund claims. LCCI President Ijaz A Mumtaz said the Federal Board of Revenue is hampering the
Published 19 Dec, 2014 12:00am
FCIL holds CBP at LSE

FCIL holds CBP at LSE

First Capital Investments Limited (FCIL) has arranged a Corporate Briefing Programme (CBP) here at the Lahore Stock Exchange (LSE) on its First Capital Mutual Fund (FCMF). The briefing was attended by a large number of participants, including directors/TR
Published 19 Dec, 2014 12:00am
FCIL holds CBP at LSE

FCIL holds CBP at LSE

First Capital Investments Limited (FCIL) has arranged a Corporate Briefing Programme (CBP) here at the Lahore Stock Exchange (LSE) on its First Capital Mutual Fund (FCMF). The briefing was attended by a large number of participants, including directors/TR
Published 19 Dec, 2014 12:00am
Global production of all major wood products steadily growing

Global production of all major wood products steadily growing

Global production of all major wood products continued to show steady growth in 2013 for the fourth consecutive year, according to new data published and released by FAO on Wednesday. "The production of industrial round wood, sawn wood, wood pellets and w
Published 19 Dec, 2014 12:00am
Candlelit vigil at Multan garrison

Candlelit vigil at Multan garrison

A candlelit vigil was held at Multan Garrison on Thursday with special prayers for the martyrs of Army Public School and College Peshawar who had embraced Shahadat in a terror attack last Tuesday. Garrison Commander Major General Hasnaat Amir Gilani, high
Published 19 Dec, 2014 12:00am
Condolence

Condolence

Punjab Chief Minister Shahbaz Sharif has expressed sorrow and grief over the loss of precious human lives in a road accident near Mandi Bahauddin. Expressing sympathies with the bereaved families, he prayed that may Allah Almighty rest the departed souls
Published 19 Dec, 2014 12:00am
PESA expresses grief over Peshawar incident

PESA expresses grief over Peshawar incident

Pakistan Ex-Servicemen Association (PESA) on Thursday voiced deep grief and shock at the barbaric massacre of 131 little angels and teachers of a school at Peshawar terming it an unforgivable crime against humanity. Such a deadliest terror attack is total
Published 19 Dec, 2014 12:00am
Mobilink holds country's largest corporate blood drive

Mobilink holds country's largest corporate blood drive

Mobilink Foundation has organized Pakistan's largest corporate blood collection drive. The nation-wide blood donation drive organized by Mobilink's CSR team in collaboration with Sundus Foundation and the Indus Hospital, resulted in collection of over 110
Published 19 Dec, 2014 12:00am
Chief minister Punjab reviews overall law and order situation

Chief minister Punjab reviews overall law and order situation

Punjab Chief Minister Shahbaz Sharif presided over a meeting of cabinet committee on law and order here on Thursday in which overall law and order situation in the province and measures for ensuring foolproof security arrangements for the educational inst
Published 19 Dec, 2014 12:00am
International workshop on biosafety begins at UVAS

International workshop on biosafety begins at UVAS

The University Diagnostic Lab of the University of Veterinary and Animal Sciences Lahore organised three-day International training workshop on 'Bio-safety' in collaboration with the Pakistan Biological Safety Association & International Council for Life
Published 19 Dec, 2014 12:00am
NAB KP arrests BDA former project director

NAB KP arrests BDA former project director

National Accountability Bureau (NAB) Khyber Pakhtunkhwa on Thursday arrested Mohibullah Khan, ex-project director Bannu Development Authority for alleged embezzlement of funds for developmental works and misuse of authority in Bannu Development Authority
Published 19 Dec, 2014 12:00am
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