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Print - 2015-02-13
France, Egypt agree Rafale, military hardware deal

France, Egypt agree Rafale, military hardware deal

France and Egypt have agreed a deal worth more than 5 billion euros ($5.7 billion) for the sale of Dassault Aviation-built Rafale fighter jets, a naval frigate and missiles, a French source close to the matter said on Thursday. The deal would make Egypt,
Published 13 Feb, 2015 12:00am
Car rams into US consulate in Shanghai

Car rams into US consulate in Shanghai

A car rammed into a gate at the US consulate in Shanghai on Thursday evening, injuring an armed police guard, Chinese state media reported. The driver, 35-year-old Liu Daojie from Sanming city in China's south-eastern Fujian province, has been taken into
Published 13 Feb, 2015 12:00am
Centenarian artist Ohtake dies in Brazil

Centenarian artist Ohtake dies in Brazil

Japanese-born, naturalised Brazilian artist Tomie Ohtake died Thursday aged 101, a week after being hospitalised with pneumonia, her eponymous institute in Sao Paulo told AFP. Ohtake's trademark geometric abstractions made her one of her adopted homeland'
Published 13 Feb, 2015 12:00am
Labour's lost Green voters could tips UK election to Conservatives

Labour's lost Green voters could tips UK election to Conservatives

Britain's resurgent Greens are threatening the Labour Party's hopes for election victory in May even though the leftist environmentalists will probably capture no new parliamentary seats and could even lose the only one they hold. Ed Miliband's main oppos
Published 13 Feb, 2015 12:00am
Zuma's parliamentary address descends into chaos

Zuma's parliamentary address descends into chaos

South African security forces were on Thursday called in to eject a group of radical lawmakers from parliament after they caused chaos during President Jacob Zuma's annual state of the nation address. The members of the Economic Freedom Fighters (EFF), le
Published 13 Feb, 2015 12:00am
Yemen 'collapsing before our eyes': Ban tells Security Council

Yemen 'collapsing before our eyes': Ban tells Security Council

UN Secretary General Ban Ki-moon appealed to the Security Council Thursday for action to halt Yemen's slide toward anarchy, warning the country was "collapsing before our eyes." The UN chief was reporting to the 15-member council following his visit to Sa
Published 13 Feb, 2015 12:00am
EU parliament approves LuxLeaks tax probe

EU parliament approves LuxLeaks tax probe

EU lawmakers approved a probe Thursday into suspect tax breaks that critics said had been watered down, as the Luxleaks scandal continues to dog current European Commission President Jean-Claude Juncker. The new commission of inquiry will last six months
Published 13 Feb, 2015 12:00am
ICE cotton drops

ICE cotton drops

ICE cotton suffered its largest single-session loss in three weeks on Wednesday, due to profit-taking ahead of the release of weekly export sales figures, which are expected to be weaker after a string of strong weeks. The most-active May cotton contract
Published 13 Feb, 2015 12:00am
Rubber surges

Rubber surges

Benchmark Tokyo rubber futures ended up 2.4 percent to settle at a 7-1/2 month high on Thursday, with the yen's slide to near a five-week low against the dollar spurring buying interest. The Tokyo Commodity Exchange rubber contract for July delivery finis
Published 13 Feb, 2015 12:00am
Shanghai copper up

Shanghai copper up

The most-traded April copper contract on the Shanghai Futures Exchange firmed 0.2 percent to 41,110 yuan ($6,584) a tonne on Thursday. "I'm still optimistic we'll see some post-Chinese new year activity in terms of both Chinese import demand and industria
Published 13 Feb, 2015 12:00am
Copper gains but Greek worries weigh

Copper gains but Greek worries weigh

Copper rose on Thursday, underpinned by a cease-fire in Ukraine and a weak dollar, although gains were kept in check by caution over a deadlock in talks between Greece and its international creditors. Three-month copper on the London Metal Exchange (LME)
Published 13 Feb, 2015 12:00am
Palm oil rises

Palm oil rises

Malaysian palm oil futures edged up on Thursday, snapping three days of decline, as weakness in the ringgit and the announcement that Malaysia will resume taxing palm exports encouraged buying. However, gains were limited as traders awaited more informati
Published 13 Feb, 2015 12:00am
Soyabeans and wheat turn higher

Soyabeans and wheat turn higher

US wheat and soyabeans were narrowly higher on Wednesday, rebounding from losses earlier in the session on support from bargain buying and active spread trading after prices tumbled following a bearish government crop report released on Tuesday. Corn futu
Published 13 Feb, 2015 12:00am
Raw sugar soars

Raw sugar soars

Raw sugar futures on ICE rose 2 percent on Thursday, buoyed by the firm Brazilian currency and demand for nearby supplies that boosted the spot contract's premium, while cocoa extended gains to a three-week high. Arabica coffee rallied on short-covering a
Published 13 Feb, 2015 12:00am
Gold tumbles in New York

Gold tumbles in New York

Gold fell to a one-month low on Wednesday as the dollar strengthened, while caution prevailed in wider financial markets ahead of a meeting of finance ministers that is set to discuss Greece's future in the euro zone. Spot prices are down nearly 5 percent
Published 13 Feb, 2015 12:00am
Gold ticks up in Asia

Gold ticks up in Asia

Gold edged higher on Thursday, after earlier dropping to a five-week low, as confusion over Greece's debt negotiations with its European lenders dominated markets, drumming up some safe-haven bids for the metal. Spot gold fell to $1,216.45 per ounce, its
Published 13 Feb, 2015 12:00am
Gold retreats in Europe

Gold retreats in Europe

Gold rose on Thursday, lifting from a five-week low hit in earlier trade, helped by a lower dollar, Sweden's surprise decision to launch monetary stimulus and heightened uncertainty over Greece's debt. Spot gold fell to its lowest since January 9 at $1,21
Published 13 Feb, 2015 12:00am
US MIDDAY: soyabeans up; corn and wheat weak

US MIDDAY: soyabeans up; corn and wheat weak

Soyabean futures firmed early on Thursday on signs that export demand for US supplies remained robust despite expectations for bumper harvests in Argentina and Brazil, traders said. Wheat and corn futures were weaker, pressured by ample global supplies, b
Published 13 Feb, 2015 12:00am
US MIDDAY: gold edges up

US MIDDAY: gold edges up

Gold was up a shade on Thursday, lifting from a five-week low hit in earlier trade, helped by a weaker dollar, Sweden's surprise decision to launch monetary stimulus and heightened uncertainty over Greece's debt. Spot gold fell to its lowest since January
Published 13 Feb, 2015 12:00am
'Manipulating statistics'

'Manipulating statistics'

Dr Ashfaque H. Khan in his article "Manipulating statistics" has once again repeated his frivolous allegations on manipulation of statistics in the recent years particularly regarding LSM growth data and also correlated the import of petroleum group with
Published 13 Feb, 2015 12:00am
Parenting tech keeps tabs on children

Parenting tech keeps tabs on children

American parents may not have the resources of the National Security Agency, but it's not that hard for them to snoop on their smartphone-addicted kids. A booming array of gadgets are being marketed to harried parents who want to keep tabs on their childr
Published 13 Feb, 2015 12:00am
Balochistan: Tax collection performance

Balochistan: Tax collection performance

Life in Balochistan is in severely-clenched claws of deprivation and chains of rampant poverty. More than half of the population of the province is languishing in stark poverty, live below proverbial line of poverty. Nature has been gracious enough to fil
Published 13 Feb, 2015 12:00am
Dancing on broken glass - II

Dancing on broken glass - II

"Please forgive me. I am sorry," said Altaf Hussain, to be promptly responded by Shireen Mazari, "It's OK, but don't do it again". And thus came to an end one of most bizarre exchanges of nasty barbs. So in a way the song has ended but the melody must lin
Published 13 Feb, 2015 12:00am
Oil theft

Oil theft

We are perhaps a unique nation, always trying to find new ways to rob the resources of the country and enrich ourselves without any shame or regret. In fact, some of us have become so accustomed to the practice that bragging about it in the inner circles
Published 13 Feb, 2015 12:00am
ST payments: 60 major sectors show four percent growth

ST payments: 60 major sectors show four percent growth

Sixty major sectors/industries have shown an overall growth of 4 percent in sales tax payments during first half of 2014-15 as compared to the corresponding period of last fiscal year. According to the data compiled here on Thursday, the FBR has analysed
Published 13 Feb, 2015 12:00am
ST payments: 60 major sectors show four percent growth

ST payments: 60 major sectors show four percent growth

Sixty major sectors/industries have shown an overall growth of 4 percent in sales tax payments during first half of 2014-15 as compared to the corresponding period of last fiscal year. According to the data compiled here on Thursday, the FBR has analysed
Published 13 Feb, 2015 12:00am
ST payments: 60 major sectors show four percent growth

ST payments: 60 major sectors show four percent growth

Sixty major sectors/industries have shown an overall growth of 4 percent in sales tax payments during first half of 2014-15 as compared to the corresponding period of last fiscal year. According to the data compiled here on Thursday, the FBR has analysed
Published 13 Feb, 2015 12:00am
The Weather

The Weather

The weather report on Thursday (February 12, 2015) and the forecast for Friday (February 13, 2015).

Published 13 Feb, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (February 10, 2015).

Published 13 Feb, 2015 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 13 Feb, 2015 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 13 Feb, 2015 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (February 10, 2015).

Published 13 Feb, 2015 12:00am
Forex reserves soar to $15.238 billion

Forex reserves soar to $15.238 billion

The country''s total liquid foreign exchange reserves posted an increase of $79 million during last week. According to State Bank of Pakistan (SBP) weekly forex report issued on Thursday, Pakistan''s total liquid forex reserves stood at $15.238 billion as
Published 13 Feb, 2015 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Thursday (February 12, 2015) and for Friday (February 13, 2015).
Published 13 Feb, 2015 12:00am
Forex reserves soar to $15.238 billion

Forex reserves soar to $15.238 billion

The country's total liquid foreign exchange reserves posted an increase of $79 million during last week. According to State Bank of Pakistan (SBP) weekly forex report issued on Thursday, Pakistan's total liquid forex reserves stood at $15.238 billion as o
Published 13 Feb, 2015 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (February 10, 2015)

Published 13 Feb, 2015 12:00am
Forex reserves soar to $15.238 billion

Forex reserves soar to $15.238 billion

The country's total liquid foreign exchange reserves posted an increase of $79 million during last week. According to State Bank of Pakistan (SBP) weekly forex report issued on Thursday, Pakistan's total liquid forex reserves stood at $15.238 billion as o
Published 13 Feb, 2015 12:00am
Clarification by foreign office

Clarification by foreign office

The Foreign Office on Thursday refuted media reports that Pakistan and Afghanistan are carrying out joint operations against militants in the border areas. Foreign Office spokesperson Tasnim Aslam, while responding to a question about some media reports.
Published 13 Feb, 2015 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Tuesday (February 10, 2015).

Published 13 Feb, 2015 12:00am
Clarification by foreign office

Clarification by foreign office

The Foreign Office on Thursday refuted media reports that Pakistan and Afghanistan are carrying out joint operations against militants in the border areas. Foreign Office spokesperson Tasnim Aslam, while responding to a question about some media reports.
Published 13 Feb, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (February 10, 2015).

Published 13 Feb, 2015 12:00am
Khaleda open to 'consensus' deal to end crisis

Khaleda open to 'consensus' deal to end crisis

She has been stuck in her office for 40 days and slapped with a series of charges over the deadly violence outside, but Bangladesh's opposition leader Khaleda Zia says she and her arch enemy Sheikh Hasina can still reach a deal to end the turmoil. In an e
Published 13 Feb, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (February 10, 2015).

Published 13 Feb, 2015 12:00am
Khaleda open to 'consensus' deal to end crisis

Khaleda open to 'consensus' deal to end crisis

She has been stuck in her office for 40 days and slapped with a series of charges over the deadly violence outside, but Bangladesh's opposition leader Khaleda Zia says she and her arch enemy Sheikh Hasina can still reach a deal to end the turmoil. In an e
Published 13 Feb, 2015 12:00am
Senate polls rescheduled to March 5

Senate polls rescheduled to March 5

The Election Commission of Pakistan (ECP) on Thursday announced that Senate elections would be held on March 5, instead of March 3.Submission of nomination papers for the Senate elections on 52 seats began on Thursday and will continue till Friday. Meanwh
Published 13 Feb, 2015 12:00am
Senate polls rescheduled to March 5

Senate polls rescheduled to March 5

The Election Commission of Pakistan (ECP) on Thursday announced that Senate elections would be held on March 5, instead of March 3.Submission of nomination papers for the Senate elections on 52 seats began on Thursday and will continue till Friday. Meanwh
Published 13 Feb, 2015 12:00am
THE RUPEE: slight change

THE RUPEE: slight change

The rupee inched down in terms of the dollar on the local currency market on Thursday in the process of trading, dealers said. The rupee shed three-paisa against the dollar for buying and selling at Rs 101.46 and Rs 101.49 respectively, they said.
Published 13 Feb, 2015 12:00am
Korean Air heiress jailed in 'nut rage' case

Korean Air heiress jailed in 'nut rage' case

The daughter of Korean Air's chairman was jailed for one year Thursday over a notorious "nut rage" incident that triggered an uproar over the behaviour of South Korea's business dynasties. The district court in Seoul convicted Cho Hyun-Ah of violating avi
Published 13 Feb, 2015 12:00am
THE RUPEE: slight change

THE RUPEE: slight change

The rupee inched down in terms of the dollar on the local currency market on Thursday in the process of trading, dealers said. The rupee shed three-paisa against the dollar for buying and selling at Rs 101.46 and Rs 101.49 respectively, they said.
Published 13 Feb, 2015 12:00am
Korean Air heiress jailed in 'nut rage' case

Korean Air heiress jailed in 'nut rage' case

The daughter of Korean Air's chairman was jailed for one year Thursday over a notorious "nut rage" incident that triggered an uproar over the behaviour of South Korea's business dynasties. The district court in Seoul convicted Cho Hyun-Ah of violating avi
Published 13 Feb, 2015 12:00am
LB polls: Chief secretaries summoned by Supreme Court

LB polls: Chief secretaries summoned by Supreme Court

The Supreme Court on Thursday summoned chief secretaries of Punjab and Sindh over the delay in the implementation of court's verdict on delimitation of constituencies for local bodies (LB) polls. Resuming the hearing of the case, a three-member bench of C
Published 13 Feb, 2015 12:00am
LB polls: Chief secretaries summoned by Supreme Court

LB polls: Chief secretaries summoned by Supreme Court

The Supreme Court on Thursday summoned chief secretaries of Punjab and Sindh over the delay in the implementation of court's verdict on delimitation of constituencies for local bodies (LB) polls. Resuming the hearing of the case, a three-member bench of C
Published 13 Feb, 2015 12:00am
$1 billion coal-based power project: PPIB issues LoI to Lucky Power

$1 billion coal-based power project: PPIB issues LoI to Lucky Power

Lucky Electric Power Company Limited (LEPCL) has finally got a green signal from the federal government for the setting up of $1 billion coal-based power plant in the energy-scarce country. A wholly-owned subsidiary of Lucky Cement, the LEPCL would be set
Published 13 Feb, 2015 12:00am
$1 billion coal-based power project: PPIB issues LoI to Lucky Power

$1 billion coal-based power project: PPIB issues LoI to Lucky Power

Lucky Electric Power Company Limited (LEPCL) has finally got a green signal from the federal government for the setting up of $1 billion coal-based power plant in the energy-scarce country. A wholly-owned subsidiary of Lucky Cement, the LEPCL would be set
Published 13 Feb, 2015 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (February 10, 2015).

Published 13 Feb, 2015 12:00am
$1 billion coal-based power project: PPIB issues LoI to Lucky Power

$1 billion coal-based power project: PPIB issues LoI to Lucky Power

Lucky Electric Power Company Limited (LEPCL) has finally got a green signal from the federal government for the setting up of $1 billion coal-based power plant in the energy-scarce country. A wholly-owned subsidiary of Lucky Cement, the LEPCL would be set
Published 13 Feb, 2015 12:00am
Minister decides to remove DGTO

Minister decides to remove DGTO

Commerce Minister Engineer Khurram Dastgir Khan has reportedly sought Prime Minister''s approval to remove Director General Trade Organisations (DGTO) Sajid Hussain due to his alleged involvement in corruption, sources close to Secretary Commerce told
Published 13 Feb, 2015 12:00am
Minister decides to remove DGTO

Minister decides to remove DGTO

Commerce Minister Engineer Khurram Dastgir Khan has reportedly sought Prime Minister's approval to remove Director General Trade Organisations (DGTO) Sajid Hussain due to his alleged involvement in corruption, sources close to Secretary Commerce told B
Published 13 Feb, 2015 12:00am
Minister decides to remove DGTO

Minister decides to remove DGTO

Commerce Minister Engineer Khurram Dastgir Khan has reportedly sought Prime Minister's approval to remove Director General Trade Organisations (DGTO) Sajid Hussain due to his alleged involvement in corruption, sources close to Secretary Commerce told B
Published 13 Feb, 2015 12:00am
Ashton Carter confirmed as US defence secretary

Ashton Carter confirmed as US defence secretary

Ashton Carter was confirmed as US secretary of defense Thursday, taking on the job of supervising the war against Islamic State jihadists in the final two years of Barack Obama's presidency. The Senate - by a vote of 93 to five - easily confirmed Carter,
Published 13 Feb, 2015 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 13 Feb, 2015 12:00am
BRIndex30 surges 273.78 points

BRIndex30 surges 273.78 points

On Thursday, BRIndex30 opened at 19,656.95 points and remained negative throughout the trading session. It touched an intraday high of 19,637.34 points and an intraday low of 19,051.10 points and closed at 19,383.17 points which was -273.78 points or -1.3
Published 13 Feb, 2015 12:00am
BRIndex30 surges 273.78 points

BRIndex30 surges 273.78 points

On Thursday, BRIndex30 opened at 19,656.95 points and remained negative throughout the trading session. It touched an intraday high of 19,637.34 points and an intraday low of 19,051.10 points and closed at 19,383.17 points which was -273.78 points or -1.3
Published 13 Feb, 2015 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 13 Feb, 2015 12:00am
Equities plummet

Equities plummet

Thursday saw a fourth consecutive decline at the Karachi bourse, weighed mainly by panic selling. The KSE-100 Index lost 418 points or 1.22 percent to close at 33,786.42 points from 34,203.99 points of the previous day. Analysts attributed the bearish tre
Published 13 Feb, 2015 12:00am
Equities plummet

Equities plummet

Thursday saw a fourth consecutive decline at the Karachi bourse, weighed mainly by panic selling. The KSE-100 Index lost 418 points or 1.22 percent to close at 33,786.42 points from 34,203.99 points of the previous day. Analysts attributed the bearish tre
Published 13 Feb, 2015 12:00am
Equities plummet

Equities plummet

Thursday saw a fourth consecutive decline at the Karachi bourse, weighed mainly by panic selling. The KSE-100 Index lost 418 points or 1.22 percent to close at 33,786.42 points from 34,203.99 points of the previous day. Analysts attributed the bearish tre
Published 13 Feb, 2015 12:00am
Ukraine, IMF in deal for $17.5 billion bailout: Lagarde

Ukraine, IMF in deal for $17.5 billion bailout: Lagarde

The International Monetary Fund and conflict-torn Ukraine have reached a preliminary deal on a new financial rescue plan worth $17.5 billion that could be a "turning point" for Kiev, IMF chief Christine Lagarde said Thursday. In total, Ukraine will receiv
Published 13 Feb, 2015 12:00am
Ukraine, IMF in deal for $17.5 billion bailout: Lagarde

Ukraine, IMF in deal for $17.5 billion bailout: Lagarde

The International Monetary Fund and conflict-torn Ukraine have reached a preliminary deal on a new financial rescue plan worth $17.5 billion that could be a "turning point" for Kiev, IMF chief Christine Lagarde said Thursday. In total, Ukraine will receiv
Published 13 Feb, 2015 12:00am
Ukraine, IMF in deal for $17.5 billion bailout: Lagarde

Ukraine, IMF in deal for $17.5 billion bailout: Lagarde

The International Monetary Fund and conflict-torn Ukraine have reached a preliminary deal on a new financial rescue plan worth $17.5 billion that could be a "turning point" for Kiev, IMF chief Christine Lagarde said Thursday. In total, Ukraine will receiv
Published 13 Feb, 2015 12:00am
Ukraine peace roadmap agreed

Ukraine peace roadmap agreed

A new peace roadmap aimed at ending the 10-month war between Ukraine and pro-Moscow rebels was agreed in Belarus Thursday, but Germany's Chancellor Angela Merkel warned that "big hurdles" remained. Russian President Vladimir Putin emerged from the summit
Published 13 Feb, 2015 12:00am
Ukraine peace roadmap agreed

Ukraine peace roadmap agreed

A new peace roadmap aimed at ending the 10-month war between Ukraine and pro-Moscow rebels was agreed in Belarus Thursday, but Germany's Chancellor Angela Merkel warned that "big hurdles" remained. Russian President Vladimir Putin emerged from the summit
Published 13 Feb, 2015 12:00am
Curtain up on World Cup marathon men

Curtain up on World Cup marathon men

The World Cup gets a soft opening on Thursday with a predicted 2.5 billion people poised to tune in to the six weeks of action but with the 49-match programme facing a series of headaches. From security to corruption to illegal bowling actions, the 14-tea
Published 13 Feb, 2015 12:00am
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