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Dec 05, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-12-24
Rs 600 million sanctioned for improving infrastructure in Hyderabad: DC

Rs 600 million sanctioned for improving infrastructure in Hyderabad: DC

Hyderabad Deputy Commissioner Fayaz Ali Jatoi, Administrator HMC Khalid Mahmood and SSP Irfan Ali Baloch have assured the business community and citizens of continuing resolving all their issues. They were addressing businessmen, merchants, traders and in
Published 24 Dec, 2014 12:00am
Traders urge government to widen anti-terrorism drive to Karachi

Traders urge government to widen anti-terrorism drive to Karachi

Small traders on Tuesday urged the government to widen the anti-terrorism drive across the country with a focus on Karachi to continuing stem violence and restore peace in the provincial metropolis. "We are very happy with the government's move to clampdo
Published 24 Dec, 2014 12:00am
Fifty-six alleged criminals held

Fifty-six alleged criminals held

The City police on Tuesday claimed to have arrested around 56 alleged criminals in different targeted raids and encounters conducted at various parts of the provincial metropolis during last 24 hours. Police said in 83 raids and four encounters carried ou
Published 24 Dec, 2014 12:00am
IEP organises seventh International Engineering Convention

IEP organises seventh International Engineering Convention

The 7th International Engineering Convention organised by Institution of Engineers Pakistan was held here at local hotel on Tuesday. Former federal minister engineer Mian Shamim Ahmad was the chief guest. President IEP Syed Jamshed Rizvi and General Secre
Published 24 Dec, 2014 12:00am
Current gas crisis is temporary: MD SNGPL

Current gas crisis is temporary: MD SNGPL

The representatives of Afghanistan, Iran, India and Pakistan are assembling in Pakistan to deliberate on TAPI gas pipe line project in February 2015, said Managing Director Sui Northern Gas Pipe Lines Limited (SNGPL) Arif Hamid on Tuesday while giving bri
Published 24 Dec, 2014 12:00am
Punjab Assembly passes resolution against child marriage

Punjab Assembly passes resolution against child marriage

Punjab Assembly in its 11th session here on Tuesday unanimously passed a resolution asking for legislation curbing child marriage. The resolution moved by MPA Uzma Bokhari was debated in house prior to its passing. MPA Bokhari stated that early child marr
Published 24 Dec, 2014 12:00am
LHC dismisses bail applications of ten PAT activists

LHC dismisses bail applications of ten PAT activists

The Lahore High Court (LHC) here on Tuesday dismissed bail applications of 10 activists of Pakistan Awami Tehrik (PAT) in FIR registered against them on charges of terrorism and killing a policeman. The counsel for the accused submitted that the governmen
Published 24 Dec, 2014 12:00am
WWF-P meeting aims to shed light on Lahore water pollution

WWF-P meeting aims to shed light on Lahore water pollution

World Wide Fund for Nature (WWF-P) hosted its second "Environmental Journalists Quarterly Meeting" here on Tuesday, which aimed to shed light on the water pollution of Lahore. WWF-P Senior Director Dr Ejaz Ahmed welcomed the participants and gave an overv
Published 24 Dec, 2014 12:00am
PYMA for proactive economic plan

PYMA for proactive economic plan

Pakistan Yarn Merchants Association (PYMA) has urged the government to take initiative by announcing pro-active economic plan to steer the Country out of current gloom and uncertainty by bolstering trade and Industrial activities to promote and strengthen
Published 24 Dec, 2014 12:00am
JI for setting up of JC to meet PTI's demand

JI for setting up of JC to meet PTI's demand

Jamaat-i-Islami chief Sirajul Haq has said that they want the issues should be resolved without creating chaos in the country and the government should immediately constitute a judicial commission (JC) to meet the demand of the PTI. He pointed out that so
Published 24 Dec, 2014 12:00am
Christmas cake cutting ceremony held at LDA office

Christmas cake cutting ceremony held at LDA office

A Christmas cake cutting ceremony was held at Lahore Development Authority (LDA) office to congratulate Christmas to the Christen employees of LDA. According to a LDA's spokesperson here on Tuesday, LDA Additional Director General (HQ) Amina Munir, Direct
Published 24 Dec, 2014 12:00am
L&DDD launches pilot project to ensure 100 percent vaccination

L&DDD launches pilot project to ensure 100 percent vaccination

The Punjab Livestock and Dairy Development Department (L&DDD) has decided to launch a pilot project for ensuring 100 percent vaccination of cows, buffaloes, sheep, goat and poultry in the province besides bringing down prices of 17 types of vaccination fr
Published 24 Dec, 2014 12:00am
LHC dismisses appeal against death penalty

LHC dismisses appeal against death penalty

A division bench of the Lahore High Court here on Tuesday dismissed an appeal of Mumtaz challenging his death penalty. The convict Mumtaz through his counsel pleaded that the trial court of Sargodha awarded him death sentence on charges of killing Muhamma
Published 24 Dec, 2014 12:00am
Female prisoners repatriation from UAE: SHC summons Ministry official

Female prisoners repatriation from UAE: SHC summons Ministry official

The Sindh High Court (SHC) on Tuesday summoned the Ministry of Foreign Affairs' section officer along with the details of efforts made by it to repatriate Pakistani female prisoners languishing in the United Arab Emirates penitentiaries. A division bench
Published 24 Dec, 2014 12:00am
Three more children die in Thar

Three more children die in Thar

Three more children died of malnutrition here on Tuesday taking the death toll in Thar to 234. Hunger continued to claim lives in Thar as children continue to suffer from shortage of food and water in Mitthi and Diplo while the relief activities in the ar
Published 24 Dec, 2014 12:00am
Facilitating taxes' collection: banks to remain open late on December 31

Facilitating taxes' collection: banks to remain open late on December 31

State Bank of Pakistan asked banks to open branches concerned on December 31 till such time that is necessary to facilitate special clearing only for FBR collections. According to the SBP circular issued on Tuesday in terms of Federal Board of Revenue req
Published 24 Dec, 2014 12:00am
Six bodies found in Mohmand Agency

Six bodies found in Mohmand Agency

At least six bodies were found in Mohmand Agency on Tuesday. According to political administration, the identities of the bodies were not confirmed yet. The cause of deaths was not still ascertained.
Published 24 Dec, 2014 12:00am
Successful completion of USAID Firms Project commemorated

Successful completion of USAID Firms Project commemorated

Acting Deputy Chief of Mission, Brian Aggeler, joined Commissioner of the Securities and Exchange Commission of Pakistan Akif Saeed, Board of Investment Chairman Miftah Ismail and other officials to commemorate the successful completion of the United Stat
Published 24 Dec, 2014 12:00am
Meezan Bank ranked top Islamic bank in Pakistan

Meezan Bank ranked top Islamic bank in Pakistan

In a special report on "Top Islamic Financial Institutions" published by renowned international magazine 'The Banker', being published from the UK, Meezan Bank is ranked as the top Islamic Bank in Pakistan. This ranking was given to Meezan in recognition
Published 24 Dec, 2014 12:00am
Privatisation of eight PSEs in CY15 likely

Privatisation of eight PSEs in CY15 likely

The government has submitted a privatisation plan for eight Public Sector Entities (PSEs) to the International Monetary Fund (IMF) which it expects to execute in 2015.
Published 24 Dec, 2014 12:00am
Government missed performance criteria: IMF

Government missed performance criteria: IMF

Pakistan missed two end-June and three end-September performance criteria under the $6.4 billion Extended Fund Facility (EFF), according to the fourth and fifth staff review by International Monetary Fund (IMF) released on its website early Tuesday.
Published 24 Dec, 2014 12:00am
Double pension arrears: Punjab AG & FS asked to submit payment plan

Double pension arrears: Punjab AG & FS asked to submit payment plan

Ombudsman Punjab Javed Mahmood has directed Accountant General Punjab and Secretary Finance Punjab to provide a copy of the plan devised for payment of arrears of double pension to pensioners above the age of 75 years and arrangements made for the purpose
Published 24 Dec, 2014 12:00am
World Bank delegation visits PIEDMC

World Bank delegation visits PIEDMC

A World Bank delegation visited Punjab Industrial Estate Management & Development Company (PIEDMC) the other day to discuss the quality of services and other projects. PIEDMC is getting assistance from the World Bank on its services to the potential domes
Published 24 Dec, 2014 12:00am
World Bank delegation visits PIEDMC

World Bank delegation visits PIEDMC

A World Bank delegation visited Punjab Industrial Estate Management & Development Company (PIEDMC) the other day to discuss the quality of services and other projects. PIEDMC is getting assistance from the World Bank on its services to the potential domes
Published 24 Dec, 2014 12:00am
Turkish team visits UVAS

Turkish team visits UVAS

A Turkish delegation Consultants and Experts for the project of in future establishment of a new university named "Cholistan University of Veterinary and Animal Sciences" at Bahawalpur visited the University of Veterinary and Animal Sciences (UVAS) Lahore
Published 24 Dec, 2014 12:00am
KP IGP for stringent laws to curb illegal SIMs

KP IGP for stringent laws to curb illegal SIMs

The Inspector General of Police (IGP) Khyber Pakhtunkhwa Nasir Khan Durrani has requested the federal and provincial governments to enact stringent laws for curtailing the rampant use of illegal and fake SIMs by criminal and terrorist elements in the coun
Published 24 Dec, 2014 12:00am
Government's decision to increase Umrah fare slammed

Government's decision to increase Umrah fare slammed

The business community has strongly criticised PIA's decision to increase Umrah fare despite bringing down the petrol prices at the lowest ebb in the international market. They said that PIA has increased the fare by Rs 8000. Now it was charging Rs 76,000
Published 24 Dec, 2014 12:00am
'COPD may become leading cause of deaths'

'COPD may become leading cause of deaths'

The chronic obstructive pulmonary disease (COPD) is likely to cause more deaths than any other disease in the country as it has direct association with smoking and pollution.
Published 24 Dec, 2014 12:00am
'Quality education can help wipe out terrorism, unemployment'

'Quality education can help wipe out terrorism, unemployment'

Punjab Finance Minister Mujtaba Shuja-ur-Rehman has said that terrorism and unemployment can be wiped out through promotion of quality education. Addressing the delegations of youth here on Tuesday, the Minister said there is a need to utilise national re
Published 24 Dec, 2014 12:00am
All set to celebrate Christmas festival tomorrow

All set to celebrate Christmas festival tomorrow

The Christian community across the country is all set to celebrate the grand festival of Christmas on Thursday with traditional religious enthusiasm as the preparations have drawn to a close. Special services and functions would be held at all churches in
Published 24 Dec, 2014 12:00am
TCKP-USAID finalise tourism policy

TCKP-USAID finalise tourism policy

The Tourism Corporation Khyber Pakhtunkhwa (TCKP) in collaboration with the United States Agency for Development (USAID) has finalised tourism policy for the province, which will be made public in January 2015. To this effect, an important meeting was hel
Published 24 Dec, 2014 12:00am
The Weather

The Weather

The weather report on Tuesday (December 23, 2014) and the forecast for Wednesday (December 24, 2014).

Published 24 Dec, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (December 23, 2014).

Published 24 Dec, 2014 12:00am
NAB files reference against chairman BISE D I Khan

NAB files reference against chairman BISE D I Khan

National Accountability Bureau (NAB) Khyber Pakhtunkhwa formally filed a reference in the Accountability Court, Peshawar regarding embezzlement of Rs 15.10 million after completion of investigation against Noor Muhammad Chairman BISE DI Khan, Lal Baz Khan
Published 24 Dec, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (December 23, 2014).

Published 24 Dec, 2014 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 24 Dec, 2014 12:00am
Strike against 'poor security at RTOs' from next week

Strike against 'poor security at RTOs' from next week

Federal Revenue Alliance employees union (FBR union) has announced to go on countrywide strike from next week against poor security measures at the regional tax offices (RTOs) and suspension of six union workers for raising voice in this regard.
Published 24 Dec, 2014 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 24 Dec, 2014 12:00am
Where is Prime Minister's inspection commission?

Where is Prime Minister's inspection commission?

Apropos 'PM's inspection body: Pace of work slows down' carried by Business Recorder yesterday, it is a matter of grave concern that the activities of Prime Minister's Inspection Commission (PMIC) have considerably slowed down during the tenure of
Published 24 Dec, 2014 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (December 23, 2014).

Published 24 Dec, 2014 12:00am
Old guard victory dismays Tunisia revolutionaries

Old guard victory dismays Tunisia revolutionaries

Tunisia's presidential vote has been hailed as a landmark, but some veterans of the 2011 revolution fear the victory of an 88-year-old from the old guard will bring a return to repression. For his opponents, Beji Caid Essebsi's win in Sunday's run-off aga
Published 24 Dec, 2014 12:00am
Young Cuban-American groups emerge as Obama allies

Young Cuban-American groups emerge as Obama allies

For a handful of Cuban-Americans, President Barack Obama's new Cuba policy wasn't much of a shocker. For months, they quietly advised the White House in hopes of shaping a new policy towards the communist-run nation. "A lot of what the president announced
Published 24 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 Tuesday (December 23, 2014).

Published 24 Dec, 2014 12:00am
Time to deliver

Time to deliver

December 16 of 2014 was a sad day for Pakistan. Many innocent lives were lost and the whole nation was shocked and grieved. December 16 of 1971 was also a sad day for Pakistan. On both dates the sovereignty of the nation was attacked. The coincidence of t
Published 24 Dec, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (December 23, 2014).

Published 24 Dec, 2014 12:00am
Time for decisive action

Time for decisive action

Peshawar schoolchildren's massacre has galvanised an intense countrywide reaction, putting the Taliban sympathisers on an ignominious retreat. Both the civil and military leaderships have been engaged in action-oriented consultations with the stakeholders
Published 24 Dec, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (December 23, 2014).

Published 24 Dec, 2014 12:00am
Easy life for bankers

Easy life for bankers

It was not long ago that the life of bankers was considered very boring and tough. Not only were they always required to sit for long hours in their poorly-furnished offices to woo depositors to expand their operations, they were also needed to pay utmost
Published 24 Dec, 2014 12:00am
Gwadar port: plans ready for development

Gwadar port: plans ready for development

Short-, medium- and long-term plans for development of Gwadar port have been prepared by Arthur D Little for business logistics, coal power plants and construction of commercial centres serving Pakistan, western China, Iran, Afghanistan and Middle Asia, g
Published 24 Dec, 2014 12:00am
Gwadar port: plans ready for development

Gwadar port: plans ready for development

Short-, medium- and long-term plans for development of Gwadar port have been prepared by Arthur D Little for business logistics, coal power plants and construction of commercial centres serving Pakistan, western China, Iran, Afghanistan and Middle Asia, g
Published 24 Dec, 2014 12:00am
THE RUPEE: little movement

THE RUPEE: little movement

The rupee did not show major fluctuations versus the dollar on the money market on Tuesday, dealers said. The rupee held the overnight level against the dollar for buying at Rs 100.55, while it picked up three-paisa for selling at Rs 100.57, they said.
Published 24 Dec, 2014 12:00am
Gwadar port: plans ready for development

Gwadar port: plans ready for development

Short-, medium- and long-term plans for development of Gwadar port have been prepared by Arthur D Little for business logistics, coal power plants and construction of commercial centres serving Pakistan, western China, Iran, Afghanistan and Middle Asia, g
Published 24 Dec, 2014 12:00am
THE RUPEE: little movement

THE RUPEE: little movement

The rupee did not show major fluctuations versus the dollar on the money market on Tuesday, dealers said. The rupee held the overnight level against the dollar for buying at Rs 100.55, while it picked up three-paisa for selling at Rs 100.57, they said.
Published 24 Dec, 2014 12:00am
BJP makes huge gains in held Kashmir poll

BJP makes huge gains in held Kashmir poll

Indian Prime Minister Narendra Modi's Hindu nationalist party made significant gains in occupied Jammu and Kashmir on Tuesday, extending its grip on the country after a landslide general election victory in May. The ruling Bharatiya Janata Party (BJP) mor
Published 24 Dec, 2014 12:00am
BJP makes huge gains in held Kashmir poll

BJP makes huge gains in held Kashmir poll

Indian Prime Minister Narendra Modi's Hindu nationalist party made significant gains in occupied Jammu and Kashmir on Tuesday, extending its grip on the country after a landslide general election victory in May. The ruling Bharatiya Janata Party (BJP) mor
Published 24 Dec, 2014 12:00am
Bank holiday

Bank holiday

The State Bank of Pakistan (SBP), all banks and financial institutions will remain closed on December 25 (Thursday) on the occasion of Quaid-e-Azam Day and Christmas as declared by the Government of Pakistan.
Published 24 Dec, 2014 12:00am
Bank holiday

Bank holiday

The State Bank of Pakistan (SBP), all banks and financial institutions will remain closed on December 25 (Thursday) on the occasion of Quaid-e-Azam Day and Christmas as declared by the Government of Pakistan.
Published 24 Dec, 2014 12:00am
Bank holiday

Bank holiday

The State Bank of Pakistan (SBP), all banks and financial institutions will remain closed on December 25 (Thursday) on the occasion of Quaid-e-Azam Day and Christmas as declared by the Government of Pakistan.
Published 24 Dec, 2014 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (December 23, 2014).

Published 24 Dec, 2014 12:00am
Appellate Bench remands insider trading case to SECP

Appellate Bench remands insider trading case to SECP

An Appellate Bench of the Securities and Exchange Commission of Pakistan (SECP) has remanded the case of insider trading to the SECP investigators, to ascertain whether a private limited company disclosed financial results before its public dissemination,
Published 24 Dec, 2014 12:00am
Appellate Bench remands insider trading case to SECP

Appellate Bench remands insider trading case to SECP

An Appellate Bench of the Securities and Exchange Commission of Pakistan (SECP) has remanded the case of insider trading to the SECP investigators, to ascertain whether a private limited company disclosed financial results before its public dissemination,
Published 24 Dec, 2014 12:00am
Appellate Bench remands insider trading case to SECP

Appellate Bench remands insider trading case to SECP

An Appellate Bench of the Securities and Exchange Commission of Pakistan (SECP) has remanded the case of insider trading to the SECP investigators, to ascertain whether a private limited company disclosed financial results before its public dissemination,
Published 24 Dec, 2014 12:00am
Dr Waqar made CEO PDFL

Dr Waqar made CEO PDFL

The first meeting of the Pakistan Development Fund Ltd (PDFL), Board of Directors was held here on Tuesday with Federal Minister for Finance Ishaq Dar who was presiding over the meeting as Chairman of the Company. The inaugural meeting inter alia consider
Published 24 Dec, 2014 12:00am
Dr Waqar made CEO PDFL

Dr Waqar made CEO PDFL

The first meeting of the Pakistan Development Fund Ltd (PDFL), Board of Directors was held here on Tuesday with Federal Minister for Finance Ishaq Dar who was presiding over the meeting as Chairman of the Company. The inaugural meeting inter alia consider
Published 24 Dec, 2014 12:00am
Dr Waqar made CEO PDFL

Dr Waqar made CEO PDFL

The first meeting of the Pakistan Development Fund Ltd (PDFL), Board of Directors was held here on Tuesday with Federal Minister for Finance Ishaq Dar who was presiding over the meeting as Chairman of the Company. The inaugural meeting inter alia consider
Published 24 Dec, 2014 12:00am
Presentation

Presentation

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

Published 24 Dec, 2014 12:00am
Dr Waqar made CEO PDFL

Dr Waqar made CEO PDFL

The first meeting of the Pakistan Development Fund Ltd (PDFL), Board of Directors was held here on Tuesday with Federal Minister for Finance Ishaq Dar who was presiding over the meeting as Chairman of the Company. The inaugural meeting inter alia consider
Published 24 Dec, 2014 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 24 Dec, 2014 12:00am
IFC injects Rs 6.6 billion equity into Bank Alfalah

IFC injects Rs 6.6 billion equity into Bank Alfalah

The International Finance Corporation (IFC) has made an equity investment of Rs 6.66 billion in Bank Alfalah Limited. Earlier this year, the IFC, a member of the World Bank Group, evinced interest in investing in Bank Alfalah Limited (BAFL) and in May 201
Published 24 Dec, 2014 12:00am
Board meetings in progress

Board meetings in progress

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

Published 24 Dec, 2014 12:00am
IFC injects Rs 6.6 billion equity into Bank Alfalah

IFC injects Rs 6.6 billion equity into Bank Alfalah

The International Finance Corporation (IFC) has made an equity investment of Rs 6.66 billion in Bank Alfalah Limited. Earlier this year, the IFC, a member of the World Bank Group, evinced interest in investing in Bank Alfalah Limited (BAFL) and in May 201
Published 24 Dec, 2014 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 24 Dec, 2014 12:00am
IFC injects Rs 6.6 billion equity into Bank Alfalah

IFC injects Rs 6.6 billion equity into Bank Alfalah

The International Finance Corporation (IFC) has made an equity investment of Rs 6.66 billion in Bank Alfalah Limited. Earlier this year, the IFC, a member of the World Bank Group, evinced interest in investing in Bank Alfalah Limited (BAFL) and in May 201
Published 24 Dec, 2014 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 24 Dec, 2014 12:00am
IFC injects Rs 6.6 billion equity into Bank Alfalah

IFC injects Rs 6.6 billion equity into Bank Alfalah

The International Finance Corporation (IFC) has made an equity investment of Rs 6.66 billion in Bank Alfalah Limited. Earlier this year, the IFC, a member of the World Bank Group, evinced interest in investing in Bank Alfalah Limited (BAFL) and in May 201
Published 24 Dec, 2014 12:00am
Vadiyya Khalil new chairperson of CCP

Vadiyya Khalil new chairperson of CCP

The federal government has appointed Vadiyya Khalil as Chairperson of the Competition Commission of Pakistan (CCP) for a period of three years with immediate effect. In this regard, Finance Division has issued a notification here on Tuesday. Vadiyya Khali
Published 24 Dec, 2014 12:00am
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