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Print - 2015-02-26
Citibank sponsors Pakistan Capital Markets Day at LSE

Citibank sponsors Pakistan Capital Markets Day at LSE

Citibank sponsored the 4th Annual Pakistan Capital Markets Day at the London Stock Exchange recently. The event featured participation from 14 of Pakistan's leading companies, as well as London-based and international investors. The Pakistani companies th
Published 26 Feb, 2015 12:00am
Potato exporters: FPCCI seeks subsidy in freight to boost export

Potato exporters: FPCCI seeks subsidy in freight to boost export

Chairman of Federation of Pakistan Chambers of Commerce and Industry's (FPCCI) Standing Committee on Horticulture and Agriculture Produce, Ahmad Jawad, has demanded of the government to give subsidy in freight to potato exporters so as to facilitate them
Published 26 Feb, 2015 12:00am
Law and order in Karachi improves after operation: DG Rangers

Law and order in Karachi improves after operation: DG Rangers

Director General Sindh Rangers Major General Bilal Akber has said that law and order situation in Karachi has improved considerably after initiation of the targeted operation by Rangers against the criminals. Speaking at a meeting of Korangi Association o
Published 26 Feb, 2015 12:00am
Two injured in firing incidents

Two injured in firing incidents

Two people were injured in separate incidents here on Wednesday. According to police and rescue sources, Kamran Qureshi, son of Abdul Hameed, was shot at and injured by unidentified people in Surjani Town Sector 4-B. He was rushed to the Abbasi Shaheed Ho
Published 26 Feb, 2015 12:00am
Standard Chartered showcases transaction banking capabilities

Standard Chartered showcases transaction banking capabilities

In line with its continuous efforts to deepen its client relationships and understanding, Standard Chartered hosted a spectacular event for its corporate clientele to discuss trends and issues in working capital, cash and liquidity management and how the
Published 26 Feb, 2015 12:00am
FeHova Fair: PBIT facilitates utensils manufacturers & exporters

FeHova Fair: PBIT facilitates utensils manufacturers & exporters

Punjab Board of Investment and Trade (PBIT) facilitated a four-member delegation of Pakistan Cutlery Stainless Utensils Manufacturers and Exporters Association Wazirabad to participate in FeHova Fair 2015, Budapest, Hungary from February 12 to 15. The per
Published 26 Feb, 2015 12:00am
Nation fighting terrorists with full force: chief minister Punjab

Nation fighting terrorists with full force: chief minister Punjab

Punjab Chief Minister Muhammad Shahbaz Sharif has said that political and military leadership and the entire nation was fighting with full force against terrorists, their supporters and facilitators. He said that Afghan refugees residing in Punjab would b
Published 26 Feb, 2015 12:00am
Masood Khan calls on Prime Minister

Masood Khan calls on Prime Minister

Pakistan's outgoing Permanent Representative to the United Nations, Masood Khan called on Prime Minister Muhammad Nawaz Sharif at the PM House here on Wednesday. The Prime Minister appreciated the services of Masood Khan during his career as a diplomat an
Published 26 Feb, 2015 12:00am
'Influenza can cause severe illness or death'

'Influenza can cause severe illness or death'

Consultant Hospitalist at Shaukat Khanum Memorial Cancer Hospital and Research Centre Dr Syeda Rubab has said that influenza could be fatal, if not tackled with proper care and medicine. Most people recover from fever and other symptoms within a week with
Published 26 Feb, 2015 12:00am
Domestic consumers: PTI rejects imposition of GIDC

Domestic consumers: PTI rejects imposition of GIDC

Pakistan Tehreek-e-Insaf (PTI) provincial leaders have on Wednesday strongly rejected imposition of Gas Infrastructure Development Cess, which the PML-N government is intending to impose on the poor domestic gas consumers. PTI Punjab president Ejaz Chaudh
Published 26 Feb, 2015 12:00am
EPA organises workshop on awareness about Minamata disease

EPA organises workshop on awareness about Minamata disease

Participants of a consultative workshop on `Mercury Dental Amalgam use and its impact on environment' has agreed on the preparation of guidelines for the use of mercury amalgam in consultation with the stakeholders. The workshop was arranged by Environmen
Published 26 Feb, 2015 12:00am
Experts seek government help for patients suffering rare diseases

Experts seek government help for patients suffering rare diseases

Renowned medical experts on Wednesday urged the president, prime minister and the governors, chief ministers and health ministers of all the four provinces to support patients suffering from rare diseases by providing funds so that they could lead a norma
Published 26 Feb, 2015 12:00am
Dastgir says 10,400 megawatts to be added to national grid by 2017

Dastgir says 10,400 megawatts to be added to national grid by 2017

Federal Minister for Commerce Engr. Khurram Dastgir said here on Wednesday that 10,400Megawatts of electricity would be added to the national grid by 2017. "The financial closure of various power projects is going to be made by the end of March, 2015 and
Published 26 Feb, 2015 12:00am
Mushahid for developing institutional memory of Senate

Mushahid for developing institutional memory of Senate

Senator Mushahid Hussain Sayed presided over a meeting of the Special Committee of the Senate Forum for Policy Research (SFPR) Wednesday at Parliament House. The Special Committee of the Senate Forum for Policy Research (SFPR) agreed on a comprehensive wo
Published 26 Feb, 2015 12:00am
Nisar calls for global unity against terrorism

Nisar calls for global unity against terrorism

Minister for Interior and Narcotics Control Chaudhry Nisar Ali Khan here on Wednesday called for international unity against terrorism. Speaking at International Institute for Strategic Studies (IISS) here, the minister said Islam is opposite of terrorism
Published 26 Feb, 2015 12:00am
Senate elections: use of wealth is political terrorism: Siraj

Senate elections: use of wealth is political terrorism: Siraj

Ameer, Jamaat e Islami Pakistan, Siraj-ul-Haq, has termed the use of wealth in the Senate elections as political terrorism and has urged all political parties to unite against the menace. He was speaking at a reception hosted in his honour by the Pakistan
Published 26 Feb, 2015 12:00am
PIB cut-off yield falls up to 60 basis points

PIB cut-off yield falls up to 60 basis points

The cut-off yield of Pakistan Investment Bonds (PIBs) continued to witness a downward trend and declined up to 60 basis points (bps) in the auction held Wednesday. According to SBP, the auction for the sale of Pakistan Investment Bonds for 3-, 5-, 10-, an
Published 26 Feb, 2015 12:00am
PIB cut-off yield falls up to 60 basis points

PIB cut-off yield falls up to 60 basis points

The cut-off yield of Pakistan Investment Bonds (PIBs) continued to witness a downward trend and declined up to 60 basis points (bps) in the auction held Wednesday. According to SBP, the auction for the sale of Pakistan Investment Bonds for 3-, 5-, 10-, an
Published 26 Feb, 2015 12:00am
Pakistan Agriculture conference, exhibition from tomorrow

Pakistan Agriculture conference, exhibition from tomorrow

A two-day "Pakistan Agriculture Conference and Exhibition 2015" will be held here at Pak-China Friendship Centre on February 27 and 28 with an aim to promote agriculture industry in Pakistan. The conference will be organised by KMK Global Limited where as
Published 26 Feb, 2015 12:00am
EDB accused of flouting own SRO

EDB accused of flouting own SRO

Engineering Development Board (EDB), a subsidiary of Ministry of Industries and Production (MoI&P), is accused of extending extraordinary support to a motorcycle manufacturer in violation of its own Statutory Regulatory Order (SRO). Well informed sources
Published 26 Feb, 2015 12:00am
Rubber rises

Rubber rises

Benchmark Tokyo rubber futures ended up 0.5 percent on Wednesday, snapping a two-day decline, buoyed by better-than-expected Chinese factory activity data that eased worries over weak rubber demand from the world's top consumer. Tokyo Commodity Exchange (
Published 26 Feb, 2015 12:00am
Shanghai copper flat

Shanghai copper flat

The most-traded April copper contract on the Shanghai Futures Exchange traded flat at 42,080 yuan ($6,724) a tonne on Wednesday as China returned from a week-long holiday and selling resumed on prospects of ample local metal supply. Activity in China's ma
Published 26 Feb, 2015 12:00am
Copper falls on economic uncertainty as China returns

Copper falls on economic uncertainty as China returns

Copper fell on Wednesday on uncertainty about China's economic growth and as bearish investors resumed selling when Chinese markets reopened after a break. Copper surged to a six-week high on Tuesday, breaking out of a month-long range and forcing shorts
Published 26 Feb, 2015 12:00am
Palm oil lower

Palm oil lower

Malaysian palm oil futures gave up early gains to end lower on Wednesday after a growers' group unexpectedly forecast February yields to pick up. Sentiment was further dampened by weak export data and a stronger ringgit. The Malaysian Palm Oil Association
Published 26 Feb, 2015 12:00am
Soyabeans rise to six-week high

Soyabeans rise to six-week high

Chicago Board of Trade soyabeans rose to a six-week high on Tuesday on the potential for increased US demand as world buyers worry about supply disruptions in Brazil because of a trucker strike and rains stalling harvest, traders said. Additional support
Published 26 Feb, 2015 12:00am
Raw sugar drops to 2010 low

Raw sugar drops to 2010 low

Raw sugar futures on ICE fell below 14 cents a pound to a 2010 low on Wednesday on investor selling and plentiful supplies, while New York cocoa broke a 15-day streak of gains, reversing sharply off a four-month high as investor buying dried up. Arabica c
Published 26 Feb, 2015 12:00am
Gold tumbles in New York

Gold tumbles in New York

Gold fell to a seven-week low on Tuesday then pared losses after Federal Reserve Chair Janet Yellen said the central bank is preparing to consider interest rate hikes on a "meeting-by-meeting basis." Yellen said the Fed's rate-setting policy committee wil
Published 26 Feb, 2015 12:00am
Gold jumps in Asia

Gold jumps in Asia

Gold jumped 1 percent on Wednesday after dropping to a seven-week low the session before, with Federal Reserve Chair Janet Yellen indicating flexibility in raising US interest rates. China's return from a week-long Lunar New Year holiday also buoyed gold
Published 26 Feb, 2015 12:00am
Gold climbs in Europe

Gold climbs in Europe

Gold rose on Wednesday, recovering from the previous day's seven-week low, after Federal Reserve Chair Janet Yellen suggested the central bank was in no rush to raise interest rates. Her comments weighed on the dollar, supporting gold. Spot gold was at $1
Published 26 Feb, 2015 12:00am
US MIDDAY: soyabeans fall

US MIDDAY: soyabeans fall

Chicago Board of Trade soyabeans retreated on Wednesday from a six-week high on prospects for a Brazilian truck drivers' strike to end soon, a situation that has threatened exports just as the country's massive soyabean crop is entering world markets. CBO
Published 26 Feb, 2015 12:00am
US MIDDAY: gold climbs

US MIDDAY: gold climbs

Gold rose early on Wednesday, recovering from the previous day's seven-week low, after US Federal Reserve Chair Janet Yellen suggested the Fed was in no rush to raise interest rates. Her comments weighed on the dollar, supporting gold. Spot gold was at $1
Published 26 Feb, 2015 12:00am
Cotton rises to five-month high on weaker dollar, speculator buying

Cotton rises to five-month high on weaker dollar, speculator buying

ICE cotton rose to a more than five-month high on Wednesday, boosted by a falling dollar and rising oil prices as speculators continued buying long positions amid low certificated exchange stock levels. The most-active May cotton contract on ICE Futures U
Published 26 Feb, 2015 12:00am
Brent crude up five percent as Saudi Arabia sees improved demand for oil

Brent crude up five percent as Saudi Arabia sees improved demand for oil

Brent crude oil futures surged 5 percent on Wednesday, after Saudi Arabia's oil minister said oil demand was growing and data showed Chinese factories were producing more than expected. Falling refined products inventories reported by the government helpe
Published 26 Feb, 2015 12:00am
'Good governance'

'Good governance'

A columnist for Business Recorder has passionately argued: "Pathetic show by Pakistan at the ICC World Cup 2015 has saddened the whole nation so much so that in an unprecedented wave of anger and anguish all segments of society voiced concerns - p
Published 26 Feb, 2015 12:00am
London show dissects history of forensic science

London show dissects history of forensic science

Forensic science, which has fascinated generations with its unravelling of gruesome crime mysteries, is being put under the microscope in an exhibition of real criminal investigations in London. "Forensics: The anatomy of crime" at the Wellcome Collection
Published 26 Feb, 2015 12:00am
In Japan, robot dogs are for life - and death

In Japan, robot dogs are for life - and death

Incense smoke wafts through the cold air of the centuries-old Buddhist temple as a priest chants a sutra, praying for the peaceful transition of the souls of the departed. It is a funeral like any other in Japan. Except that those being honoured are robot
Published 26 Feb, 2015 12:00am
VIEWPOINT: Senate elections and the power of money

VIEWPOINT: Senate elections and the power of money

There is never a dull moment in our national politics. The latest issue generating a lot of excitement and anxiety is horse-trading - said to be in full swing - for the upcoming Senate elections. It started with press reports about a real estate tycoon bu
Published 26 Feb, 2015 12:00am
Afghan peace talks

Afghan peace talks

For more than three decades the Afghans have been at war with themselves, and there has been no clear victor. And for nearly the same period there have been attempts and moves, some quite serious, to bring this fratricidal conflict to an end through negot
Published 26 Feb, 2015 12:00am
Creating environment for economic revival

Creating environment for economic revival

The Federation of Pakistan Chambers of Commerce and Industries (FPCCI) seminar titled Economic Revival of Pakistan urged the government to take appropriate measures to create an environment conducive to putting the economy on the right track. The FPCCI ch
Published 26 Feb, 2015 12:00am
The Weather

The Weather

The weather report on Wednesday (February 25, 2015) and the forecast for Thursday (February 26, 2015).

Published 26 Feb, 2015 12:00am
Musharraf says Kabul should block Indian influence

Musharraf says Kabul should block Indian influence

Former President Pervez Musharraf, whose administration once backed the Taliban in Afghanistan, said Kabul must share power with the extremist group and block Indian influence if it wishes to see peace. The former military ruler told The Wall Street Journ
Published 26 Feb, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (February 25, 2015).

Published 26 Feb, 2015 12:00am
Musharraf says Kabul should block Indian influence

Musharraf says Kabul should block Indian influence

Former President Pervez Musharraf, whose administration once backed the Taliban in Afghanistan, said Kabul must share power with the extremist group and block Indian influence if it wishes to see peace. The former military ruler told The Wall Street Journ
Published 26 Feb, 2015 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 26 Feb, 2015 12:00am
Bangladesh court orders Khaleda Zia arrest

Bangladesh court orders Khaleda Zia arrest

A Bangladeshi court Wednesday issued an arrest warrant for opposition leader Khaleda Zia for failing to attend hearings on graft charges, amid fears the move will worsen weeks-llong deadly political turmoil Judge Abu Ahmed, from a special anti-corruption
Published 26 Feb, 2015 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 26 Feb, 2015 12:00am
Bangladesh court orders Khaleda Zia arrest

Bangladesh court orders Khaleda Zia arrest

A Bangladeshi court Wednesday issued an arrest warrant for opposition leader Khaleda Zia for failing to attend hearings on graft charges, amid fears the move will worsen weeks-llong deadly political turmoil Judge Abu Ahmed, from a special anti-corruption
Published 26 Feb, 2015 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (February 25, 2015).

Published 26 Feb, 2015 12:00am
New York residents arrested for planning to join IS

New York residents arrested for planning to join IS

Three New York residents from Kazakhstan and Uzbekistan have been arrested for allegedly trying to join the Islamic State (IS) group fighting in Syria, officials said Wednesday. Abdurasul Hasanovich Juraboev, 24, Akhror Saidakhmetov, 19, and Abror Habibov
Published 26 Feb, 2015 12:00am
New York residents arrested for planning to join IS

New York residents arrested for planning to join IS

Three New York residents from Kazakhstan and Uzbekistan have been arrested for allegedly trying to join the Islamic State (IS) group fighting in Syria, officials said Wednesday. Abdurasul Hasanovich Juraboev, 24, Akhror Saidakhmetov, 19, and Abror Habibov
Published 26 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 Wednesday (February 25, 2015).

Published 26 Feb, 2015 12:00am
KBD: notices issued

KBD: notices issued

A three-member bench of Justice Mian Saqib Nisar Wednesday issued notices to the federation and all the provinces in response to a petition urging the court to direct the concerned authorities to construct Kalabagh Dam. Appearing before the Supreme Court
Published 26 Feb, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (February 25, 2015).

Published 26 Feb, 2015 12:00am
KBD: notices issued

KBD: notices issued

A three-member bench of Justice Mian Saqib Nisar Wednesday issued notices to the federation and all the provinces in response to a petition urging the court to direct the concerned authorities to construct Kalabagh Dam. Appearing before the Supreme Court
Published 26 Feb, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (February 25, 2015).

Published 26 Feb, 2015 12:00am
KBD: notices issued

KBD: notices issued

A three-member bench of Justice Mian Saqib Nisar Wednesday issued notices to the federation and all the provinces in response to a petition urging the court to direct the concerned authorities to construct Kalabagh Dam. Appearing before the Supreme Court
Published 26 Feb, 2015 12:00am
Over 100 dead in Afghanistan avalanches

Over 100 dead in Afghanistan avalanches

Avalanches triggered by heavy snow have killed more than 100 people in mountainous areas of Afghanistan and the death toll is expected to rise, officials said on Wednesday. Most of the victims were in Panjshir province north of the capital Kabul, where 95
Published 26 Feb, 2015 12:00am
Over 100 dead in Afghanistan avalanches

Over 100 dead in Afghanistan avalanches

Avalanches triggered by heavy snow have killed more than 100 people in mountainous areas of Afghanistan and the death toll is expected to rise, officials said on Wednesday. Most of the victims were in Panjshir province north of the capital Kabul, where 95
Published 26 Feb, 2015 12:00am
THE RUPEE: slight fall

THE RUPEE: slight fall

An easier trend persisted on the currency market on Wednesday, as the rupee drifted lower against the dollar in the process of trading, dealers said. The rupee shed one-paisa versus the dollar for buying at Rs 101.86 and it also lost two-paisa for selling
Published 26 Feb, 2015 12:00am
UAE court allows extradition of Uzair Baloch

UAE court allows extradition of Uzair Baloch

A court in Dubai on Wednesday approved extradition of Uzair Baloch, a key figure of Lyari gang-war, to Pakistan. The court announced its decision after going through all the legal documents. According to reports, investigation officials from Pakistan, who
Published 26 Feb, 2015 12:00am
THE RUPEE: slight fall

THE RUPEE: slight fall

An easier trend persisted on the currency market on Wednesday, as the rupee drifted lower against the dollar in the process of trading, dealers said. The rupee shed one-paisa versus the dollar for buying at Rs 101.86 and it also lost two-paisa for selling
Published 26 Feb, 2015 12:00am
UAE court allows extradition of Uzair Baloch

UAE court allows extradition of Uzair Baloch

A court in Dubai on Wednesday approved extradition of Uzair Baloch, a key figure of Lyari gang-war, to Pakistan. The court announced its decision after going through all the legal documents. According to reports, investigation officials from Pakistan, who
Published 26 Feb, 2015 12:00am
Forum on 'terrorism' seeks education reform

Forum on 'terrorism' seeks education reform

A counter-terrorism conference attended by senior Muslim scholars from around the world on Wednesday called for education reform to tackle religious extremism. Participants at the meeting in the Saudi holy city of Makkah urged Muslim leaders to review the
Published 26 Feb, 2015 12:00am
Forum on 'terrorism' seeks education reform

Forum on 'terrorism' seeks education reform

A counter-terrorism conference attended by senior Muslim scholars from around the world on Wednesday called for education reform to tackle religious extremism. Participants at the meeting in the Saudi holy city of Makkah urged Muslim leaders to review the
Published 26 Feb, 2015 12:00am
LeJ, TTP planning terror attacks

LeJ, TTP planning terror attacks

National Crisis Management Cell has issued a 'security alert' to provinces, cautioning that banned militant groups, Lashkar-e-Jhangvi (LeJ) and Tehreek-e-Taliban Pakistan (TTP) may jointly carry out terrorist activities. According to reports, the cell has
Published 26 Feb, 2015 12:00am
LeJ, TTP planning terror attacks

LeJ, TTP planning terror attacks

National Crisis Management Cell has issued a 'security alert' to provinces, cautioning that banned militant groups, Lashkar-e-Jhangvi (LeJ) and Tehreek-e-Taliban Pakistan (TTP) may jointly carry out terrorist activities. According to reports, the cell has
Published 26 Feb, 2015 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (February 25, 2015).

Published 26 Feb, 2015 12:00am
K-Electric''s plea: hearing adjourned for two weeks

K-Electric''s plea: hearing adjourned for two weeks

The Supreme Court on Wednesday granted two weeks to the Attorney General for Pakistan (AGP) to submit a reply in a matter relating to payment of outstanding dues by Karachi Water & Sewerage Board (KWSB) to K-Electric Limited. K-Electric Limited has challe
Published 26 Feb, 2015 12:00am
K-Electric's plea: hearing adjourned for two weeks

K-Electric's plea: hearing adjourned for two weeks

The Supreme Court on Wednesday granted two weeks to the Attorney General for Pakistan (AGP) to submit a reply in a matter relating to payment of outstanding dues by Karachi Water & Sewerage Board (KWSB) to K-Electric Limited. K-Electric Limited has challe
Published 26 Feb, 2015 12:00am
K-Electric's plea: hearing adjourned for two weeks

K-Electric's plea: hearing adjourned for two weeks

The Supreme Court on Wednesday granted two weeks to the Attorney General for Pakistan (AGP) to submit a reply in a matter relating to payment of outstanding dues by Karachi Water & Sewerage Board (KWSB) to K-Electric Limited. K-Electric Limited has challe
Published 26 Feb, 2015 12:00am
Coal transportation: feasibility study commissioned

Coal transportation: feasibility study commissioned

The federal government has commissioned a feasibility study for a dedicated freight railway corridor (1250 Kms) at an estimated cost of Rs 291 million for transportation of coal from Karachi to Lahore for coal power plants in Punjab. The unit cost of the
Published 26 Feb, 2015 12:00am
Coal transportation: feasibility study commissioned

Coal transportation: feasibility study commissioned

The federal government has commissioned a feasibility study for a dedicated freight railway corridor (1250 Kms) at an estimated cost of Rs 291 million for transportation of coal from Karachi to Lahore for coal power plants in Punjab. The unit cost of the
Published 26 Feb, 2015 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 26 Feb, 2015 12:00am
Coal transportation: feasibility study commissioned

Coal transportation: feasibility study commissioned

The federal government has commissioned a feasibility study for a dedicated freight railway corridor (1250 Kms) at an estimated cost of Rs 291 million for transportation of coal from Karachi to Lahore for coal power plants in Punjab. The unit cost of the
Published 26 Feb, 2015 12:00am
Finance secretary clarifies reports

Finance secretary clarifies reports

Secretary Finance Dr Waqar Masood has said the demutualization of stock exchanges is in the process to attract the strategic investors, which does not mean closure of Lahore and Islamabad Stock Exchanges. Secretary Finance also clarified his remarks about
Published 26 Feb, 2015 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 26 Feb, 2015 12:00am
Finance secretary clarifies reports

Finance secretary clarifies reports

Secretary Finance Dr Waqar Masood has said the demutualization of stock exchanges is in the process to attract the strategic investors, which does not mean closure of Lahore and Islamabad Stock Exchanges. Secretary Finance also clarified his remarks about
Published 26 Feb, 2015 12:00am
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