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Print - 2015-01-07
KCAA establishes library at its camp office

KCAA establishes library at its camp office

Karachi Customs Agents Association (KCAA) has established library at its camp office at Customs House. Speaking at the inaugural ceremony, Qamar Alam, President KCAA, said that establishment of KCAA library at camp office was part of the association's pro
Published 07 Jan, 2015 12:00am
Government should take indiscriminate action against terrorists: Siraj

Government should take indiscriminate action against terrorists: Siraj

Chief of Jamaat-i-Islami Sirajul Haq has made it clear the government should take indiscriminate action against terrorists regardless of their political affiliation for restoration of lasting peace in the country. He stated this while talking to media per
Published 07 Jan, 2015 12:00am
SBP annual report 2014: PAAPAM urges SBP to rectify 'mistake'

SBP annual report 2014: PAAPAM urges SBP to rectify 'mistake'

The data published by the State Bank of Pakistan (SBP) in its annual report for 2014 has been found wanting or discovered to be ineffective or controversial. According to Siddique Misri, Chairman, Pakistan Association of Automotive Parts & Accessories Man
Published 07 Jan, 2015 12:00am
Boat controversy: Pakistan rejects Indian allegations

Boat controversy: Pakistan rejects Indian allegations

Pakistan on Tuesday dismissed Indian allegations as baseless and preposterous that the "terror-boat" that exploded off the Gujarat coast was from Pakistan. Commenting on the assertions by her Indian counterpart regarding the "terror-boat", Foreign Office
Published 07 Jan, 2015 12:00am
China expects to boost imports of protein-rich wheat

China expects to boost imports of protein-rich wheat

Chinese wheat buyers are likely to step up imports of higher quality grains to meet a domestic shortfall even though total overseas purchases are forecast to tumble this year due to bumper production at home, analysts and traders said. China, the world's
Published 07 Jan, 2015 12:00am
Brazil's soya, coffee growing areas expect limited rainfall

Brazil's soya, coffee growing areas expect limited rainfall

Brazil's soya- and coffee-growing areas are expected to see limited rainfall throughout the week after a wetter-than-expected weekend, forecasts showed on Monday. Rains covered 55 percent of coffee and 45 percent of soyabean areas with between 0.5 and 2 i
Published 07 Jan, 2015 12:00am
US FOB Gulf soyabean offers slightly lower

US FOB Gulf soyabean offers slightly lower

US FOB Gulf soyabean basis offers were marked slightly lower after the strong rally in futures on Monday with the confirmation of more China purchases creating some New Year optimism, traders said. FOB corn and wheat basis values stayed steady as futures
Published 07 Jan, 2015 12:00am
CBOT wheat futures higher on bargain buying

CBOT wheat futures higher on bargain buying

Chicago Board of Trade wheat futures rose on Monday on bargain buying after last week's 4.8 percent sell-off, coupled with fears of freeze damage due to bitter cold in the US Midwest, traders said. The arctic blast this week will put a third of the region
Published 07 Jan, 2015 12:00am
US Midwest soyabean bids narrowly mixed

US Midwest soyabean bids narrowly mixed

Spot soyabean basis bids were narrowly mixed while corn bids held mostly steady around the US Midwest in quiet trade on Monday as a Chicago Board of Trade futures rally failed to stir up farmer sales, dealers said. CBOT soyabean futures rose more than 3 p
Published 07 Jan, 2015 12:00am
Daily trading report of PMEX

Daily trading report of PMEX

On Monday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 1.898 billion and the number of lots traded was 12,076. PMEX Commodity Index closed at 2,595. Major business was contributed by crude oil amounting to PKR 967 million followed by gold (
Published 07 Jan, 2015 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 07 Jan, 2015 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 07 Jan, 2015 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 07 Jan, 2015 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 07 Jan, 2015 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (January 06, 2015).

Published 07 Jan, 2015 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Tuesday (January 06, 2015).

Published 07 Jan, 2015 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Tuesday (January 06, 2015).

Published 07 Jan, 2015 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Tuesday (January 06, 2015).

Published 07 Jan, 2015 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (January 06, 2015).
Published 07 Jan, 2015 12:00am
Oil down almost 10 percent in two days as hunt for bottom continues

Oil down almost 10 percent in two days as hunt for bottom continues

Global oil markets slumped for a fourth straight session on Tuesday, as mounting worries about a supply glut pressured crude prices, which are down almost 10 percent this week to hit their lowest since spring 2009. Traders said the trend for crude seemed
Published 07 Jan, 2015 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (January 06, 2015).

Published 07 Jan, 2015 12:00am
Politicians approve military courts

Politicians approve military courts

The National Assembly on Tuesday passed "The Constitution (Twenty-First Amendment) Bill, 2015" with more than a two-third majority vote (247) and "The Pakistan Army (Amendment) Bill, 2015" with a simple majority for speedy trial of terror-related offences
Published 07 Jan, 2015 12:00am
Politicians approve military courts

Politicians approve military courts

The National Assembly on Tuesday passed "The Constitution (Twenty-First Amendment) Bill, 2015" with more than a two-third majority vote (247) and "The Pakistan Army (Amendment) Bill, 2015" with a simple majority for speedy trial of terror-related offences
Published 07 Jan, 2015 12:00am
It's an attempt aimed at turning Pakistan into secular state: Fazl

It's an attempt aimed at turning Pakistan into secular state: Fazl

Jamiat Ulema-Islam (JUI-F) chief Maulana Fazlur Rehman on Tuesday said that his party would soon convene a meeting of all religious parties and schools of thought to have their final reaction to the 21st Constitutional Amendment and the Army Act Amendment
Published 07 Jan, 2015 12:00am
It's an attempt aimed at turning Pakistan into secular state: Fazl

It's an attempt aimed at turning Pakistan into secular state: Fazl

Jamiat Ulema-Islam (JUI-F) chief Maulana Fazlur Rehman on Tuesday said that his party would soon convene a meeting of all religious parties and schools of thought to have their final reaction to the 21st Constitutional Amendment and the Army Act Amendment
Published 07 Jan, 2015 12:00am
Rabbani begins to cry suddenly

Rabbani begins to cry suddenly

Pakistan People's Party (PPP) senator Mian Raza Rabbani burst into tears in Senate for voting on a bill to set up military courts. Rabbani said: "I've been in Senate for about 12 years now. My vote was an 'amanat or trust' of the party which I returned bu
Published 07 Jan, 2015 12:00am
Rabbani begins to cry suddenly

Rabbani begins to cry suddenly

Pakistan People's Party (PPP) senator Mian Raza Rabbani burst into tears in Senate for voting on a bill to set up military courts. Rabbani said: "I've been in Senate for about 12 years now. My vote was an 'amanat or trust' of the party which I returned bu
Published 07 Jan, 2015 12:00am
It's a collective decision: Nawaz

It's a collective decision: Nawaz

The Upper House of Parliament on Tuesday passed the 21st Constitutional Amendment hours after it was adopted by Lower House of Parliament with a two-third majority. In 104-member Senate, 78 members voted in favour of the charter amendment, a two-third maj
Published 07 Jan, 2015 12:00am
It's a collective decision: Nawaz

It's a collective decision: Nawaz

The Upper House of Parliament on Tuesday passed the 21st Constitutional Amendment hours after it was adopted by Lower House of Parliament with a two-third majority. In 104-member Senate, 78 members voted in favour of the charter amendment, a two-third maj
Published 07 Jan, 2015 12:00am
Talks on FTA: Pakistan, China agree to disagree

Talks on FTA: Pakistan, China agree to disagree

Pakistan and China on Tuesday agreed to disagree during the review of their Free Trade Agreement (FTA) with Islamabad believing that it is heavily under utilised by Pakistan. Both countries held talks to assess the performance of Pak-China Free Trade Agre
Published 07 Jan, 2015 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (January 06, 2015).

Published 07 Jan, 2015 12:00am
Talks on FTA: Pakistan, China agree to disagree

Talks on FTA: Pakistan, China agree to disagree

Pakistan and China on Tuesday agreed to disagree during the review of their Free Trade Agreement (FTA) with Islamabad believing that it is heavily under utilised by Pakistan. Both countries held talks to assess the performance of Pak-China Free Trade Agre
Published 07 Jan, 2015 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (January 06, 2015).

Published 07 Jan, 2015 12:00am
Talks on FTA: Pakistan, China agree to disagree

Talks on FTA: Pakistan, China agree to disagree

Pakistan and China on Tuesday agreed to disagree during the review of their Free Trade Agreement (FTA) with Islamabad believing that it is heavily under utilised by Pakistan. Both countries held talks to assess the performance of Pak-China Free Trade Agre
Published 07 Jan, 2015 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (January 06, 2015).

Published 07 Jan, 2015 12:00am
Equities retreat

Equities retreat

Equities at Karachi Stock Exchange (KSE) Tuesday retreated from record highs and the benchmark 100-share index shed 89.06 points to close in the red at 32,668.73 points. The KSE-100 index closed at 32,668.73 points, down by 0.27 percent or 89.06 points as
Published 07 Jan, 2015 12:00am
Equities retreat

Equities retreat

Equities at Karachi Stock Exchange (KSE) Tuesday retreated from record highs and the benchmark 100-share index shed 89.06 points to close in the red at 32,668.73 points. The KSE-100 index closed at 32,668.73 points, down by 0.27 percent or 89.06 points as
Published 07 Jan, 2015 12:00am
Equities retreat

Equities retreat

Equities at Karachi Stock Exchange (KSE) Tuesday retreated from record highs and the benchmark 100-share index shed 89.06 points to close in the red at 32,668.73 points. The KSE-100 index closed at 32,668.73 points, down by 0.27 percent or 89.06 points as
Published 07 Jan, 2015 12:00am
BRIndex30 sheds 178.93 points

BRIndex30 sheds 178.93 points

On Tuesday, BRIndex30 opened at 18,604.08 points. It touched an intraday high of 18,657.34 points and an intraday low of 18,338.45 points and closed at 18,425.15 points which was -178.93 points or -0.96 percent lower than previous close. Total volume was
Published 07 Jan, 2015 12:00am
BRIndex30 sheds 178.93 points

BRIndex30 sheds 178.93 points

On Tuesday, BRIndex30 opened at 18,604.08 points. It touched an intraday high of 18,657.34 points and an intraday low of 18,338.45 points and closed at 18,425.15 points which was -178.93 points or -0.96 percent lower than previous close. Total volume was
Published 07 Jan, 2015 12:00am
Elections, bankruptcy, bank runs: the (unlikely) scenario of a 'Grexit'

Elections, bankruptcy, bank runs: the (unlikely) scenario of a 'Grexit'

A government which refuses to pay its debts, bank runs and investors fleeing: that is what a Greek exit from the euro, or a 'Grexit', would look like according to economists, although most still believe it is unlikely. Europe has seen this drama played ou
Published 07 Jan, 2015 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 07 Jan, 2015 12:00am
Finance body says it has been discussing trivial issues

Finance body says it has been discussing trivial issues

Members of National Assembly's Standing Committee on Finance have strongly criticised the working of the committee and stated that it has been discussing trivial issues when important developments have been taking place on the economic front which may hav
Published 07 Jan, 2015 12:00am
More objects found in AirAsia wreck hunt, but no sign of black box

More objects found in AirAsia wreck hunt, but no sign of black box

Search teams scouring the ocean for the wreckage of an AirAsia jet found two new metal objects on Tuesday, but nine days after the plane crashed officials say there is still no sign of the crucial black box flight recorders. Bad weather continued to hampe
Published 07 Jan, 2015 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 07 Jan, 2015 12:00am
Japanese auto parts executive gets jail for price fixing

Japanese auto parts executive gets jail for price fixing

A former executive of a Japanese auto parts suppliers was sentenced to one year and one day in US prison after pleading guilty Tuesday to price fixing. Makoto Horie, formerly senior vice president of sales at the US arm of Toyoda Gosei, agreed to plead gu
Published 07 Jan, 2015 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 07 Jan, 2015 12:00am
NASA closer than ever to finding Earth's 'twin'

NASA closer than ever to finding Earth's 'twin'

NASA is closer than ever to finding a twin for the Earth, astronomers said Tuesday, announcing the discovery of eight new planets that circle in the habitable zones of their stars. Two of the eight are the most Earth-like of any known planets found so far
Published 07 Jan, 2015 12:00am
LSE index gains 20.19 points

LSE index gains 20.19 points

Equities on Tuesday moved both ways on the Lahore Stock Exchange and finally settled in negative zone amid sluggish trading activity. However, the LSE-25 index gained 20.19 points to close at 8417.86 against 8397.67 of Monday while transaction volume was
Published 07 Jan, 2015 12:00am
LSE index gains 20.19 points

LSE index gains 20.19 points

Equities on Tuesday moved both ways on the Lahore Stock Exchange and finally settled in negative zone amid sluggish trading activity. However, the LSE-25 index gained 20.19 points to close at 8417.86 against 8397.67 of Monday while transaction volume was
Published 07 Jan, 2015 12:00am
ISE index loses 13.14 points

ISE index loses 13.14 points

Bears retuned in the driving seat at the Islamabad Stock Exchange (ISE) on Tuesday, where losers outclassed gainers amid decrease in index. ISE Ten Index showed a decrease of 13.14 points as the ISE Ten Index moved from 3,921.59 to 3,908.45 points. The ov
Published 07 Jan, 2015 12:00am
ISE index loses 13.14 points

ISE index loses 13.14 points

Bears retuned in the driving seat at the Islamabad Stock Exchange (ISE) on Tuesday, where losers outclassed gainers amid decrease in index. ISE Ten Index showed a decrease of 13.14 points as the ISE Ten Index moved from 3,921.59 to 3,908.45 points. The ov
Published 07 Jan, 2015 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (January 06, 2015).

Published 07 Jan, 2015 12:00am
Boat controversy: Pakistan rejects Indian allegations

Boat controversy: Pakistan rejects Indian allegations

Pakistan on Tuesday dismissed Indian allegations as baseless and preposterous that the "terror-boat" that exploded off the Gujarat coast was from Pakistan. Commenting on the assertions by her Indian counterpart regarding the "terror-boat", Foreign Office
Published 07 Jan, 2015 12:00am
Two Rangers personnel killed in encounter

Two Rangers personnel killed in encounter

Two paramilitary Rangers personnel were killed and another injured in an encounter with alleged militants in Sherpao Colony, Landhi in the wee hours on Tuesday. According to details, Rangers personnel conducted a raid in Sherpao Colony, Landhi on a tip-of
Published 07 Jan, 2015 12:00am
High Noon on the Gulf Coast: Canada, Saudi oil set for showdown

High Noon on the Gulf Coast: Canada, Saudi oil set for showdown

As a test of wills between Opec nations and US shale drillers fuels a global oil market slump, a brewing battle between Canadian and Saudi Arabia heavy crudes for America's Gulf Coast refinery market threatens to drive prices even lower. While the stand-o
Published 07 Jan, 2015 12:00am
Mideast conflict enters new phase with Palestinian ICC bid

Mideast conflict enters new phase with Palestinian ICC bid

The Palestinians have moved into uncharted territory by bidding to join the International Criminal Court, analysts say, with the decades-old conflict with Israel now set to play out on the world stage. After years of threats, the Palestinians finally turn
Published 07 Jan, 2015 12:00am
Boat incident: implausible story

Boat incident: implausible story

That there is method in India's madness is a fact that has found its best expression in its implausible story of a boat used as an explanation or excuse. Nobody even in India's press believes the story about the boat incident. The Indian Express, for exam
Published 07 Jan, 2015 12:00am
CCP's portrayal of auto sector comes under criticism

CCP's portrayal of auto sector comes under criticism

Auto parts manufacturers have criticised Competition Commission of Pakistan's (CCP) portrayal of the auto sector. Auto parts manufacturers claim that they are disillusioned and frustrated by the ongoing tussle between the government officials and passenge
Published 07 Jan, 2015 12:00am
Supreme Court to hear pleas against illegal hydrants in Karachi

Supreme Court to hear pleas against illegal hydrants in Karachi

The Chief Justice of Pakistan, Justice Nasir-ul-Mulk, took notice on applications received through the Human Rights Cell of the Supreme Court stating that influential mafias have established illegal hydrants openly in the city of Karachi by taking illegal
Published 07 Jan, 2015 12:00am
Punjab government extends assistance to deceased father

Punjab government extends assistance to deceased father

Member Punjab Assembly Syed Zaeem Hussain Qadri presented a cheque of financial assistance for Rs 500,000 to Muhammad Yasin, father of deceased Moeen who was killed after abuse in Green Town. On the direction of Chief Minister Punjab, Spokesman of Punjab
Published 07 Jan, 2015 12:00am
IHC issues notice to Lakhvi

IHC issues notice to Lakhvi

The Islamabad High Court on Tuesday issued a notice to Zakiur Rehman Lakhvi - the main accused in the 2008 Mumbai terrorists attack case, in a petition challenging Lakhvi's bail. A Division bench of the high court comprising Justice Shaukat Aziz Siddiqui
Published 07 Jan, 2015 12:00am
Balochistan police to install biometric system at Arsenal Depot

Balochistan police to install biometric system at Arsenal Depot

The Balochistan police would install Biometric system at Arsenal Depot aimed at keep check on issuance of arms and ammunitions, Capital City Police Officer Quetta, Abdul Razzaq Cheema told APP here. The move came after police officials deployed at Balochi
Published 07 Jan, 2015 12:00am
Youth Force for Peace being constituted at UC level

Youth Force for Peace being constituted at UC level

Provincial Minister for Education, Rana Mashhood Ahmed Khan has said that youth force for peace comprising five lakh youth for coping with terrorists is being constituted at union council level throughout the province. The students of 9th and 10th class w
Published 07 Jan, 2015 12:00am
US expresses concern over rising Pak-India tensions

US expresses concern over rising Pak-India tensions

The United States on Monday expressed concern over rising Pakistan-India tensions and the exchange of fire along the working boundary, which has claimed four Pakistani civilian lives. State Department Spokesperson Jen Psaki said Washington encourages Isla
Published 07 Jan, 2015 12:00am
Government to provide funds for Fata development: Prime Minister

Government to provide funds for Fata development: Prime Minister

Prime Minister Muhammad Nawaz Sharif on Tuesday said that government would provide funds for the development of Fata particularly for the provision of health and education facilities. The Prime Minister stated this while talking to a delegation of Fata Se
Published 07 Jan, 2015 12:00am
Sale of illegal SIMs: KCCI welcomes Rangers' warning to cellphone cos

Sale of illegal SIMs: KCCI welcomes Rangers' warning to cellphone cos

President Karachi Chamber of Commerce and Industry (KCCI) Iftikhar Ahmed Vohra while welcoming Pakistan Rangers Sindh's warning to all mobile phone companies about the sale of unregistered/illegal SIMs, reiterated KCCI's six-year old demand to shut down a
Published 07 Jan, 2015 12:00am
Services Hospital Comprehensive security plan finalised

Services Hospital Comprehensive security plan finalised

Medical Superintendent Services Hospital Lahore Dr Umer Farooq Baloch has said that a comprehensive security plan for the hospital has been finalised. The plan has been prepared in consultation with security experts. Under the plan, all the patients would
Published 07 Jan, 2015 12:00am
Peace pre-requisite for development: Ahsan

Peace pre-requisite for development: Ahsan

Ahsan Iqbal Federal Minister Planning, Development & Reform said on Tuesday that Peace was a pre requisite for development. "Today country is facing extra ordinary security situation which requires special measures to restore peace and order in the countr
Published 07 Jan, 2015 12:00am
Kashmir villagers flee amid cross-border firing

Kashmir villagers flee amid cross-border firing

Thousands of villagers had fled from their homes on either side of a stretch of the India-Pakistan border where shooting continued intermittently Tuesday, officials said. At least 10 civilians and soldiers from both sides have been killed since the latest
Published 07 Jan, 2015 12:00am
Jewellery export plunges 98.03 percent

Jewellery export plunges 98.03 percent

The country's jewellery export plunged by 98.03 percent to US 3.940 million dollars in July to November, 2014-15, according to Pakistan Bureau of Statistics (PBS). Jewellery export posted a fall of US 196.104 million dollars in July to November 2014-15 do
Published 07 Jan, 2015 12:00am
Government to pull solar energy into national power grid

Government to pull solar energy into national power grid

Amid a worsening energy crisis, Pakistan has approved the use of grid-connected solar energy, rooftop solar installations and mortgage financing for home solar panels to boost uptake of clean energy in the country. The government has also reversed course
Published 07 Jan, 2015 12:00am
ATA cases reviewed for sending to military courts

ATA cases reviewed for sending to military courts

DIG Hyderabad Range, Sanaullah Abbasi has held a meeting with all SSPs of Hyderabad Range along with their PDSPs with regard to the ATA cases which are pending before the ATA courts. Sanaullah Abbasi reviewed the cases of the ATA of Hyderabad Range, to be
Published 07 Jan, 2015 12:00am