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Print - 2015-01-31
'War on terror causing huge financial, human losses in KP'

'War on terror causing huge financial, human losses in KP'

KP Chairman of Qaumi Watan Party (QWP), Sikandar Hayat Khan Sherpao has said that war on terror has caused immense financial and precious human losses in KP. He stated this while addressing a public gathering at village Sherpao Charsadda here on Friday. O
Published 31 Jan, 2015 12:00am
Banking, Credit & Finance Baig made new chief of FPCCI body

Banking, Credit & Finance Baig made new chief of FPCCI body

President FPCCI Mian Muhammad Adress has appointed Dr Mirza Ikhtiar Baig as Chairman of Standing Committee Banking, Credit and Finance 2015. Dr Baig has rich international banking experience and a leading industrialist and Chairman of Baig Group in Pakist
Published 31 Jan, 2015 12:00am
Illicit trade of cigarette: DGI&I IR holds out assurance

Illicit trade of cigarette: DGI&I IR holds out assurance

Director General Intelligence and Investigation Inland Revenue (IR) Federal Board of Revenue (FBR) Haroon Khan Tareen has assured the documented tobacco sector that the agency is taking appropriate steps through its intelligence network to curb illicit tr
Published 31 Jan, 2015 12:00am
AKU breaks ground for new research and training centre in Matiari

AKU breaks ground for new research and training centre in Matiari

The ground-breaking ceremony for the Aga Khan University's Matiari Research and Training Centre took place today. The construction of the state-of-the-art one-storey building will enable the University to expand its research on mother and child issues in
Published 31 Jan, 2015 12:00am
Parliament Lodges: IHC cancels furniture contract

Parliament Lodges: IHC cancels furniture contract

The Islamabad High Court (IHC) on Friday cancelled a contract granted to a private firm by the Capital Development Authority (CDA) to provide furniture for the Parliament Lodges. The contract was cancelled by a single-member bench headed by Justice Shauka
Published 31 Jan, 2015 12:00am
TAPI gas line project: steering committee to meet next month

TAPI gas line project: steering committee to meet next month

The meeting of the Steering Committee of Turkmenistan-Afghanistan- Pakistan-India (TAPI) gas pipeline project is likely to be held in Islamabad in the third week of February, a Petroleum Ministry official said. According to official, the participating cou
Published 31 Jan, 2015 12:00am
Prime Minister vows justice for MQM workers

Prime Minister vows justice for MQM workers

Prime Minister Muhammad Nawaz Sharif on Friday met with the families of three deceased workers of MQM here at the Governor House. Prime Minister Sharif expressed deep sorrow and inquired about the mysterious causes leading to deaths of Sohail, Faraz Alam
Published 31 Jan, 2015 12:00am
BISP board to approve budget on February 13

BISP board to approve budget on February 13

The Benazir Income Support Programme (BISP) has convened its board's meeting on February 13, after a lapse of over a year to get approval for the budget and expenditures. Shabbir Ahmad, Secretary BISP, told Business Recorder on Friday, that notices
Published 31 Jan, 2015 12:00am
License renewal: SECP modifies circulars for NGOs

License renewal: SECP modifies circulars for NGOs

In order to facilitate the non-profit organisations, the Securities and Exchange Commission of Pakistan (SECP) has modified earlier circulars dealing with the renewal of licenses for NGOs registered under Section 42 of the 1984 Companies Ordinance. The la
Published 31 Jan, 2015 12:00am
The petrol blues: fixing responsibility

The petrol blues: fixing responsibility

The petrol crisis has badly exposed the vulnerabilities of country's fuel security. While finance minister Ishaq Dar had absolved himself of any guilt in relation to the crisis, Independent Power Producers and Pakistan State Oil had held the government an
Published 31 Jan, 2015 12:00am
Cuba and the IMF: towards a new chapter?

Cuba and the IMF: towards a new chapter?

How far could Cuba's opening go? After its rapprochement with the United States, the steadfastly communist country could further dismantle nearly six decades of isolation by shaking hands with another old enemy, the International Monetary Fund. The IMF, t
Published 31 Jan, 2015 12:00am
Nigeria oil rebels warn of unrest unless Jonathan re-elected

Nigeria oil rebels warn of unrest unless Jonathan re-elected

Kennedy Tonjo-West is unhappy at the way Nigeria's main opposition party and northern politicians have been criticising President Goodluck Jonathan's record in the run-up to next month's election. "We are not happy with the constant attacks on the person
Published 31 Jan, 2015 12:00am
The real energy crisis

The real energy crisis

Pakistan has been reeling under energy crisis now for nearly a decade. Why cannot it put its act together? The issue is not with the generation of energy but with the energy of the mind by which a natural resource is put to use. The natural resources of a
Published 31 Jan, 2015 12:00am
Transforming agriculture development model

Transforming agriculture development model

A report released the other day by the UN Commission on Trade and Development (UNCTAD) challenges conventional agricultural production and corporate concentration in agriculture markets, calling for transformative changes. According to the report entitled
Published 31 Jan, 2015 12:00am
Sarwar's tearful exit

Sarwar's tearful exit

That somebody from the inner sanctum of power would show the mirror to the Nawaz Sharif government was not expected - much less from someone who was imported and appointed the governor of Punjab. However, what Chaudhry Mohammad Sarwar said, as he made a t
Published 31 Jan, 2015 12:00am
Post of CEC: UNDP recommends expansion in recruitment pool

Post of CEC: UNDP recommends expansion in recruitment pool

The United Nations Development Programme (UNDP) has recommended expansion in the recruitment pool by considering competent manpower from other professions instead of sticking to judiciary and give a chance to talented individuals from other sectors includ
Published 31 Jan, 2015 12:00am
Post of CEC: UNDP recommends expansion in recruitment pool

Post of CEC: UNDP recommends expansion in recruitment pool

The United Nations Development Programme (UNDP) has recommended expansion in the recruitment pool by considering competent manpower from other professions instead of sticking to judiciary and give a chance to talented individuals from other sectors includ
Published 31 Jan, 2015 12:00am
The Weather

The Weather

The weather report on Friday (January 30, 2015) and the forecast for Saturday (January 31, 2015).

Published 31 Jan, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (January 30, 2015).

Published 31 Jan, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (January 30, 2015).

Published 31 Jan, 2015 12:00am
Gunmen attack two US citizens in Saudi Arabia, one hurt

Gunmen attack two US citizens in Saudi Arabia, one hurt

Gunmen fired at two US citizens Friday on a road in oil-rich Eastern Province, leaving one wounded, in the fourth anti-Western attack in Saudi Arabia in as many months, police said. "At 2:00 pm today... a car carrying two American nationals... came under
Published 31 Jan, 2015 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 31 Jan, 2015 12:00am
Gunmen attack two US citizens in Saudi Arabia, one hurt

Gunmen attack two US citizens in Saudi Arabia, one hurt

Gunmen fired at two US citizens Friday on a road in oil-rich Eastern Province, leaving one wounded, in the fourth anti-Western attack in Saudi Arabia in as many months, police said. "At 2:00 pm today... a car carrying two American nationals... came under
Published 31 Jan, 2015 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 31 Jan, 2015 12:00am
India raises over $4 billion in Coal India stake sale

India raises over $4 billion in Coal India stake sale

India''s government raised over $4 billion Friday by selling 10 percent of its stake in mining giant Coal India as it looks to raise funds through asset sales to keep its fiscal deficit in check, an official said. Investors bid for 675.24 million Coal Ind
Published 31 Jan, 2015 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (January 30, 2015).

Published 31 Jan, 2015 12:00am
India raises over $4 billion in Coal India stake sale

India raises over $4 billion in Coal India stake sale

India's government raised over $4 billion Friday by selling 10 percent of its stake in mining giant Coal India as it looks to raise funds through asset sales to keep its fiscal deficit in check, an official said. Investors bid for 675.24 million Coal Indi
Published 31 Jan, 2015 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (January 30, 2015)

Published 31 Jan, 2015 12:00am
India raises over $4 billion in Coal India stake sale

India raises over $4 billion in Coal India stake sale

India's government raised over $4 billion Friday by selling 10 percent of its stake in mining giant Coal India as it looks to raise funds through asset sales to keep its fiscal deficit in check, an official said. Investors bid for 675.24 million Coal Indi
Published 31 Jan, 2015 12:00am
Clashes in Sinai after jihadists kill 30

Clashes in Sinai after jihadists kill 30

Egypt's army clashed with jihadists in Sinai Friday, leaving two children dead, as President Abdel Fattah al-Sisi flew home to deal with a wave of militant attacks that killed at least 30 people. The top brass vowed to hunt down those behind the violence.
Published 31 Jan, 2015 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (January 30, 2015).

Published 31 Jan, 2015 12:00am
Clashes in Sinai after jihadists kill 30

Clashes in Sinai after jihadists kill 30

Egypt's army clashed with jihadists in Sinai Friday, leaving two children dead, as President Abdel Fattah al-Sisi flew home to deal with a wave of militant attacks that killed at least 30 people. The top brass vowed to hunt down those behind the violence.
Published 31 Jan, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (January 30, 2015).

Published 31 Jan, 2015 12:00am
Weekly SPI inflation rises 0.25 percent

Weekly SPI inflation rises 0.25 percent

The weekly Sensitive Price Indicator (SPI) inflation increased by 0.25 percent during the week ended January 29, 2015. The provisional data, released by Pakistan Bureau of Statistics (PBS), shows that the SPI for the week under review was recorded at 208.
Published 31 Jan, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (January 30, 2015).

Published 31 Jan, 2015 12:00am
Weekly SPI inflation rises 0.25 percent

Weekly SPI inflation rises 0.25 percent

The weekly Sensitive Price Indicator (SPI) inflation increased by 0.25 percent during the week ended January 29, 2015. The provisional data, released by Pakistan Bureau of Statistics (PBS), shows that the SPI for the week under review was recorded at 208.
Published 31 Jan, 2015 12:00am
Weekly SPI inflation rises 0.25 percent

Weekly SPI inflation rises 0.25 percent

The weekly Sensitive Price Indicator (SPI) inflation increased by 0.25 percent during the week ended January 29, 2015. The provisional data, released by Pakistan Bureau of Statistics (PBS), shows that the SPI for the week under review was recorded at 208.
Published 31 Jan, 2015 12:00am
HBL SPO: PC to finalise schedule for road shows

HBL SPO: PC to finalise schedule for road shows

Privatisation Commission (PC) will finalise next week a schedule for road shows to carry out secondary public offering (SPO) of Habib Bank Limited (HBL). An official of PC said that a delegation would leave for New York, London and Hong Kong on February 2
Published 31 Jan, 2015 12:00am
THE RUPEE: minor changes

THE RUPEE: minor changes

The rupee moved cautiously against the dollar on the local currency market on Friday, dealers said. The rupee shed three-paisa versus the dollar for buying at Rs 101.08 while it showed no change for selling at Rs 101.10, they said.
Published 31 Jan, 2015 12:00am
HBL SPO: PC to finalise schedule for road shows

HBL SPO: PC to finalise schedule for road shows

Privatisation Commission (PC) will finalise next week a schedule for road shows to carry out secondary public offering (SPO) of Habib Bank Limited (HBL). An official of PC said that a delegation would leave for New York, London and Hong Kong on February 2
Published 31 Jan, 2015 12:00am
THE RUPEE: minor changes

THE RUPEE: minor changes

The rupee moved cautiously against the dollar on the local currency market on Friday, dealers said. The rupee shed three-paisa versus the dollar for buying at Rs 101.08 while it showed no change for selling at Rs 101.10, they said.
Published 31 Jan, 2015 12:00am
HBL SPO: PC to finalise schedule for road shows

HBL SPO: PC to finalise schedule for road shows

Privatisation Commission (PC) will finalise next week a schedule for road shows to carry out secondary public offering (SPO) of Habib Bank Limited (HBL). An official of PC said that a delegation would leave for New York, London and Hong Kong on February 2
Published 31 Jan, 2015 12:00am
Embezzlement: Supreme Court issues notices to Bilour, others

Embezzlement: Supreme Court issues notices to Bilour, others

The Supreme Court on Friday issued notices to former Federal Minister for Railways Ghulam Ahmad Bilour and Prosecutor General of National Accountability Bureau (NAB) over alleged embezzlement of Rs 48 million in the supply of iron to Pakistan Railways (PR
Published 31 Jan, 2015 12:00am
Embezzlement: Supreme Court issues notices to Bilour, others

Embezzlement: Supreme Court issues notices to Bilour, others

The Supreme Court on Friday issued notices to former Federal Minister for Railways Ghulam Ahmad Bilour and Prosecutor General of National Accountability Bureau (NAB) over alleged embezzlement of Rs 48 million in the supply of iron to Pakistan Railways (PR
Published 31 Jan, 2015 12:00am
LSE index gains 24.72 points

LSE index gains 24.72 points

Equities on Friday staged recovery on the Lahore Stock Exchange and registered gains amid bullish sentiments following buyers' interest in select scrips. The LSE-25 index gained 24.72 points and was ended at 6282.11 against 6257.39 of Thursday while trans
Published 31 Jan, 2015 12:00am
LSE index gains 24.72 points

LSE index gains 24.72 points

Equities on Friday staged recovery on the Lahore Stock Exchange and registered gains amid bullish sentiments following buyers' interest in select scrips. The LSE-25 index gained 24.72 points and was ended at 6282.11 against 6257.39 of Thursday while trans
Published 31 Jan, 2015 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (January 30, 2015).

Published 31 Jan, 2015 12:00am
ISE index drops 48.7 points

ISE index drops 48.7 points

Bears retuned in the driving seat at the Islamabad Stock Exchange (ISE) on Friday where losers outclassed gainers amid decrease in index. ISE Ten Index showed a decrease of 48.70 points as the ISE Ten Index moved from 4,009.14 to 3,960.44 points. The over
Published 31 Jan, 2015 12:00am
ISE index drops 48.7 points

ISE index drops 48.7 points

Bears retuned in the driving seat at the Islamabad Stock Exchange (ISE) on Friday where losers outclassed gainers amid decrease in index. ISE Ten Index showed a decrease of 48.70 points as the ISE Ten Index moved from 4,009.14 to 3,960.44 points. The over
Published 31 Jan, 2015 12:00am
Bajwa takes helm of OICCI

Bajwa takes helm of OICCI

Atif Bajwa, President and Chief Executive Officer Bank Alfalah Limited, has been elected as president of the Overseas Investors Chamber of Commerce and Industry (OICCI) for 2015. This was announced at the 155th Annual General Meeting of the OICCI held at
Published 31 Jan, 2015 12:00am
Government working towards devising 'NAP' for economy as well

Government working towards devising 'NAP' for economy as well

Prime Minister Nawaz Sharif on Friday hinted that after terrorism his government is also devising a 'National Action Plan (NAP)' to cope with the "complex" challenges the country is facing on the economic front. About the outcome of his Governor House mee
Published 31 Jan, 2015 12:00am
Government working towards devising 'NAP' for economy as well

Government working towards devising 'NAP' for economy as well

Prime Minister Nawaz Sharif on Friday hinted that after terrorism his government is also devising a 'National Action Plan (NAP)' to cope with the "complex" challenges the country is facing on the economic front. About the outcome of his Governor House mee
Published 31 Jan, 2015 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 31 Jan, 2015 12:00am
Eurozone deflation accelerates to record low in January

Eurozone deflation accelerates to record low in January

Eurozone consumer prices fell by a record 0.6 percent in January, EU data showed Friday, confirming deflation could be taking hold and putting pressure on a historic bond-buying plan by the ECB to deliver. The drop from minus 0.2 percent in December appea
Published 31 Jan, 2015 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 31 Jan, 2015 12:00am
Eurozone deflation accelerates to record low in January

Eurozone deflation accelerates to record low in January

Eurozone consumer prices fell by a record 0.6 percent in January, EU data showed Friday, confirming deflation could be taking hold and putting pressure on a historic bond-buying plan by the ECB to deliver. The drop from minus 0.2 percent in December appea
Published 31 Jan, 2015 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 31 Jan, 2015 12:00am
Eurozone deflation accelerates to record low in January

Eurozone deflation accelerates to record low in January

Eurozone consumer prices fell by a record 0.6 percent in January, EU data showed Friday, confirming deflation could be taking hold and putting pressure on a historic bond-buying plan by the ECB to deliver. The drop from minus 0.2 percent in December appea
Published 31 Jan, 2015 12:00am
New Greek government steps up battle with creditors

New Greek government steps up battle with creditors

Greece''s new government dramatically escalated its battle with the country''s international creditors Friday, refusing to meet EU and IMF officials and rejecting fresh loans offered for February. Athens had been promised another 7.2 billion euros in fund
Published 31 Jan, 2015 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 31 Jan, 2015 12:00am
New Greek government steps up battle with creditors

New Greek government steps up battle with creditors

Greece's new government dramatically escalated its battle with the country's international creditors Friday, refusing to meet EU and IMF officials and rejecting fresh loans offered for February. Athens had been promised another 7.2 billion euros in funds
Published 31 Jan, 2015 12:00am
New Greek government steps up battle with creditors

New Greek government steps up battle with creditors

Greece's new government dramatically escalated its battle with the country's international creditors Friday, refusing to meet EU and IMF officials and rejecting fresh loans offered for February. Athens had been promised another 7.2 billion euros in funds
Published 31 Jan, 2015 12:00am
BRIndex30 up 190.08 points

BRIndex30 up 190.08 points

On Friday, BRIndex30 opened at 19,624.47 points and remained positive throughout the trading session. It touched an intraday high of 19,941.71 points and an intraday low of 19,624.59 points and closed at 19,814.55 points which was 190.08 points or 0.97 pe
Published 31 Jan, 2015 12:00am
BRIndex30 up 190.08 points

BRIndex30 up 190.08 points

On Friday, BRIndex30 opened at 19,624.47 points and remained positive throughout the trading session. It touched an intraday high of 19,941.71 points and an intraday low of 19,624.59 points and closed at 19,814.55 points which was 190.08 points or 0.97 pe
Published 31 Jan, 2015 12:00am
Equities seesaw

Equities seesaw

The Karachi share market Friday seesawed after Prime Minister Nawaz Sharif accompanied by Finance Minister Ishaq Dar visited the bourse. The overbought market, as a senior stock broker called it, moved both ways with KSE 100-share index first showing an u
Published 31 Jan, 2015 12:00am
Equities seesaw

Equities seesaw

The Karachi share market Friday seesawed after Prime Minister Nawaz Sharif accompanied by Finance Minister Ishaq Dar visited the bourse. The overbought market, as a senior stock broker called it, moved both ways with KSE 100-share index first showing an u
Published 31 Jan, 2015 12:00am
Equities seesaw

Equities seesaw

The Karachi share market Friday seesawed after Prime Minister Nawaz Sharif accompanied by Finance Minister Ishaq Dar visited the bourse. The overbought market, as a senior stock broker called it, moved both ways with KSE 100-share index first showing an u
Published 31 Jan, 2015 12:00am
Financing under EFS and LTFF cut by 1.5 percent

Financing under EFS and LTFF cut by 1.5 percent

The trade and industry was all praise as the federal government Friday reduced the cost of bank borrowings for exporters. The ''welcome'' move, as president FPCCI Mian Idrees called it, envisages a downward revision by 1.5 percent of the annual financing
Published 31 Jan, 2015 12:00am
Financing under EFS and LTFF cut by 1.5 percent

Financing under EFS and LTFF cut by 1.5 percent

The trade and industry was all praise as the federal government Friday reduced the cost of bank borrowings for exporters. The 'welcome' move, as president FPCCI Mian Idrees called it, envisages a downward revision by 1.5 percent of the annual financing ra
Published 31 Jan, 2015 12:00am
Financing under EFS and LTFF cut by 1.5 percent

Financing under EFS and LTFF cut by 1.5 percent

The trade and industry was all praise as the federal government Friday reduced the cost of bank borrowings for exporters. The 'welcome' move, as president FPCCI Mian Idrees called it, envisages a downward revision by 1.5 percent of the annual financing ra
Published 31 Jan, 2015 12:00am
AJK decides to rebid power project

AJK decides to rebid power project

The Azad Jammu and Kashmir (AJ&K) government has decided to offer 48 MW Jagran-II hydropower project for rebidding after a controversy emerged in the award of the project. Chaudhry Yasin, Minister for Irrigation, AJ&K, who is also head of the AJK hydroele
Published 31 Jan, 2015 12:00am
AJK decides to rebid power project

AJK decides to rebid power project

The Azad Jammu and Kashmir (AJ&K) government has decided to offer 48 MW Jagran-II hydropower project for rebidding after a controversy emerged in the award of the project. Chaudhry Yasin, Minister for Irrigation, AJ&K, who is also head of the AJK hydroele
Published 31 Jan, 2015 12:00am
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