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Print - 2015-03-13
Raid on Nine-Zero

Raid on Nine-Zero

With bonhomie generated by the unanimous nomination of Raza Rabbani as Chairman of the Senate unanimous still permeating through the national political landscape the Rangers' raid on the MQM headquarters (Nine Zero) early Wednesday morning comes as a stun
Published 13 Mar, 2015 12:00am
The next NFC Award

The next NFC Award

The Sindh government has reportedly not yet nominated its private member for discussions on the eighth five-year National Finance Commission (NFC) in spite of repeated reminders by the Ministry of Finance. The 2009 7th NFC Award is operative at present, h
Published 13 Mar, 2015 12:00am
Decision for purchasing of 1,000 megawatts power from Iran hailed

Decision for purchasing of 1,000 megawatts power from Iran hailed

Progressive Group, a representative forum of businessmen and traders on Thursday welcomed the decision of National Electric Power Regulatory Authority (Nepra) to grant approval for purchasing 1,000MW electricity from Iran and termed it a step in right dir
Published 13 Mar, 2015 12:00am
Rival groups clash: eight killed, 10 injured

Rival groups clash: eight killed, 10 injured

At least eight persons were killed and more than ten others were injured a clash erupted between two rival groups in Pakho here on Thursday. SSP Qambar Sarfraz Nawaz Sheikh told APP that a clash erupted between two rival groups due to land dispute that re
Published 13 Mar, 2015 12:00am
ATC awards five-year jail to two extortionists

ATC awards five-year jail to two extortionists

Anti-Terrorism Court (ATC) on Thursday awarded five years imprisonment to two suspects for demanding extortion money from grandfather. Suspect Musawar and his accomplice Arslan were involved in demanding Rs 50,000 extortion money from grandfather in 2011.
Published 13 Mar, 2015 12:00am
3P-Pakistan 2015: BoI chief claims end to energy crisis in two years

3P-Pakistan 2015: BoI chief claims end to energy crisis in two years

Board of Investment Pakistan Chairman Dr Miftah Ismail has claimed that the energy shortage in the country will be ovvercome in the next two years He told reporters at the 11th International Plastic, Printing and Packaging Exhibition (3P-Pakistan 2015) th
Published 13 Mar, 2015 12:00am
Lower oil prices inflict Rs one billion loss on Shell Pakistan

Lower oil prices inflict Rs one billion loss on Shell Pakistan

The Board of Directors of Shell Pakistan Limited announced the company's financial results for the year ended December 31, 2014. While the company reported achievements in operational performance, increases in market share and growth profitability in its
Published 13 Mar, 2015 12:00am
Cotton procurement: TCP pays Rs two billion to 212 ginners

Cotton procurement: TCP pays Rs two billion to 212 ginners

The Trading Corporation of Pakistan (TCP) has disbursed over Rs 2 billion among 212 ginners against cotton procurement. Sources told Business Recorder Thursday that after a complete scrutiny, the state-run grain trader initiated partial payments ag
Published 13 Mar, 2015 12:00am
UK report finds spies snooping on thousands of e-mails

UK report finds spies snooping on thousands of e-mails

British spies are reading thousands of private communications every day, according to a new report Thursday that was triggered by the Edward Snowden leaks. Parliament's Intelligence and Security Committee said the interception did not amount to "indiscrim
Published 13 Mar, 2015 12:00am
UK report finds spies snooping on thousands of e-mails

UK report finds spies snooping on thousands of e-mails

British spies are reading thousands of private communications every day, according to a new report Thursday that was triggered by the Edward Snowden leaks. Parliament's Intelligence and Security Committee said the interception did not amount to "indiscrim
Published 13 Mar, 2015 12:00am
Schaeuble comments: Greece protests to Germany

Schaeuble comments: Greece protests to Germany

Greece protested Thursday to Germany over comments by German Finance Minister Wolfgang Schaeuble deemed "condescending" towards his Greek counterpart Yanis Varoufakis, an official said. "There has been a demarche to Berlin over Mr Schaeuble''s statements,
Published 13 Mar, 2015 12:00am
Schaeuble comments: Greece protests to Germany

Schaeuble comments: Greece protests to Germany

Greece protested Thursday to Germany over comments by German Finance Minister Wolfgang Schaeuble deemed "condescending" towards his Greek counterpart Yanis Varoufakis, an official said. "There has been a demarche to Berlin over Mr Schaeuble's statements,"
Published 13 Mar, 2015 12:00am
Schaeuble comments: Greece protests to Germany

Schaeuble comments: Greece protests to Germany

Greece protested Thursday to Germany over comments by German Finance Minister Wolfgang Schaeuble deemed "condescending" towards his Greek counterpart Yanis Varoufakis, an official said. "There has been a demarche to Berlin over Mr Schaeuble's statements,"
Published 13 Mar, 2015 12:00am
US citizen detained, released

US citizen detained, released

Airport Security Force (ASF) on Thursday briefly detained a United States (US) citizen for attempting to board a plane while carrying a pistol and 11 bullets, sources said. Source said that Patrick Tona, who was identified by airport official as security
Published 13 Mar, 2015 12:00am
US citizen detained, released

US citizen detained, released

Airport Security Force (ASF) on Thursday briefly detained a United States (US) citizen for attempting to board a plane while carrying a pistol and 11 bullets, sources said. Source said that Patrick Tona, who was identified by airport official as security
Published 13 Mar, 2015 12:00am
HBL acquiring Pakistan business of Barclays Bank

HBL acquiring Pakistan business of Barclays Bank

Habib Bank Limited (HBL), Government of Pakistan''s 41.54 percent residual shares of which are up for sale at the country''s stocks market, is acquiring Barclays Bank PLC''s operations in Pakistan. Habib Bank has long been engaged with the British banking
Published 13 Mar, 2015 12:00am
HBL acquiring Pakistan business of Barclays Bank

HBL acquiring Pakistan business of Barclays Bank

Habib Bank Limited (HBL), Government of Pakistan's 41.54 percent residual shares of which are up for sale at the country's stocks market, is acquiring Barclays Bank PLC's operations in Pakistan. Habib Bank has long been engaged with the British banking gi
Published 13 Mar, 2015 12:00am
HBL acquiring Pakistan business of Barclays Bank

HBL acquiring Pakistan business of Barclays Bank

Habib Bank Limited (HBL), Government of Pakistan's 41.54 percent residual shares of which are up for sale at the country's stocks market, is acquiring Barclays Bank PLC's operations in Pakistan. Habib Bank has long been engaged with the British banking gi
Published 13 Mar, 2015 12:00am
CCI to meet on 18th after long delay

CCI to meet on 18th after long delay

The government has finally convened a meeting of Council of Common Interests (CCI) after nine months against the Constitutional requirement of ninety days to take up important issues including a request by Balochistan government for purchase of up to 20 p
Published 13 Mar, 2015 12:00am
CCI to meet on 18th after long delay

CCI to meet on 18th after long delay

The government has finally convened a meeting of Council of Common Interests (CCI) after nine months against the Constitutional requirement of ninety days to take up important issues including a request by Balochistan government for purchase of up to 20 p
Published 13 Mar, 2015 12:00am
CCI to meet on 18th after long delay

CCI to meet on 18th after long delay

The government has finally convened a meeting of Council of Common Interests (CCI) after nine months against the Constitutional requirement of ninety days to take up important issues including a request by Balochistan government for purchase of up to 20 p
Published 13 Mar, 2015 12:00am
Purchase of APCs: IGP Sindh summoned by Supreme Court

Purchase of APCs: IGP Sindh summoned by Supreme Court

The Supreme Court on Thursday summoned on March 26 Sindh Inspector General Police in relation to a scam of Rs 1.23 billion regarding the purchase of Armoured Personnel Carriers (APCs). A three-member bench led by the Justice Jawwad S Khawaja resumed the h
Published 13 Mar, 2015 12:00am
Purchase of APCs: IGP Sindh summoned by Supreme Court

Purchase of APCs: IGP Sindh summoned by Supreme Court

The Supreme Court on Thursday summoned on March 26 Sindh Inspector General Police in relation to a scam of Rs 1.23 billion regarding the purchase of Armoured Personnel Carriers (APCs). A three-member bench led by the Justice Jawwad S Khawaja resumed the h
Published 13 Mar, 2015 12:00am
Advances from banks: FBR denies charges

Advances from banks: FBR denies charges

The Federal Board of Revenue (FBR) has categorically denied charges of allegedly taking advance of around Rs 50 billion from banks to inflate tax collection figures. It is learnt that the hearing in cases of sales tax refund payments and advances from ban
Published 13 Mar, 2015 12:00am
Advances from banks: FBR denies charges

Advances from banks: FBR denies charges

The Federal Board of Revenue (FBR) has categorically denied charges of allegedly taking advance of around Rs 50 billion from banks to inflate tax collection figures. It is learnt that the hearing in cases of sales tax refund payments and advances from ban
Published 13 Mar, 2015 12:00am
The Weather

The Weather

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

Published 13 Mar, 2015 12:00am
Advances from banks: FBR denies charges

Advances from banks: FBR denies charges

The Federal Board of Revenue (FBR) has categorically denied charges of allegedly taking advance of around Rs 50 billion from banks to inflate tax collection figures. It is learnt that the hearing in cases of sales tax refund payments and advances from ban
Published 13 Mar, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (March 12, 2015).

Published 13 Mar, 2015 12:00am
Reduction in tariffs of 3 Discos approved by Nepra

Reduction in tariffs of 3 Discos approved by Nepra

National Electric Power Regulatory Authority (Nepra) has approved a reduction of Rs 1 to Rs 3.8 per unit in the tariffs of three power distribution companies under the monthly fuel adjustment formula. The authority has rejected the proposals of passing on
Published 13 Mar, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (March 12, 2015).

Published 13 Mar, 2015 12:00am
Reduction in tariffs of 3 Discos approved by Nepra

Reduction in tariffs of 3 Discos approved by Nepra

National Electric Power Regulatory Authority (Nepra) has approved a reduction of Rs 1 to Rs 3.8 per unit in the tariffs of three power distribution companies under the monthly fuel adjustment formula. The authority has rejected the proposals of passing on
Published 13 Mar, 2015 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 13 Mar, 2015 12:00am
Reduction in tariffs of 3 Discos approved by Nepra

Reduction in tariffs of 3 Discos approved by Nepra

National Electric Power Regulatory Authority (Nepra) has approved a reduction of Rs 1 to Rs 3.8 per unit in the tariffs of three power distribution companies under the monthly fuel adjustment formula. The authority has rejected the proposals of passing on
Published 13 Mar, 2015 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 13 Mar, 2015 12:00am
LCCI felicitates Rabbani

LCCI felicitates Rabbani

The Lahore Chamber of Commerce and Industry (LCCI) on Thursday congratulated newly elected Senate Chairman Mian Raza Rabbani here on Thursday. "His unopposed election is reflection of his spotless repute and services for the country," LCCI President Ijaz
Published 13 Mar, 2015 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (March 12, 2015).

Published 13 Mar, 2015 12:00am
LSE index improves marginally

LSE index improves marginally

Equities Thursday staged a recovery and registered gains on the Lahore Stock Exchange amid descending transaction volume on account of cautious approach of the investors. The LSE-25 index was marginally improved by 4.07 points to close at 5766.05 against
Published 13 Mar, 2015 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Thursday (March 12, 2015) and for Friday (March 13, 2015).
Published 13 Mar, 2015 12:00am
LSE index improves marginally

LSE index improves marginally

Equities Thursday staged a recovery and registered gains on the Lahore Stock Exchange amid descending transaction volume on account of cautious approach of the investors. The LSE-25 index was marginally improved by 4.07 points to close at 5766.05 against
Published 13 Mar, 2015 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (March 12, 2015)

Published 13 Mar, 2015 12:00am
ISE index up by 5.75 points

ISE index up by 5.75 points

Bulls dominated the proceedings at the Islamabad Stock Exchange (ISE) on Thursday, where equities continued to move in upward direction with positive trend at the ISE amid increase in index. ISE Ten Index showed an improvement of 5.75 points as the ISE Te
Published 13 Mar, 2015 12:00am
ISE index up by 5.75 points

ISE index up by 5.75 points

Bulls dominated the proceedings at the Islamabad Stock Exchange (ISE) on Thursday, where equities continued to move in upward direction with positive trend at the ISE amid increase in index. ISE Ten Index showed an improvement of 5.75 points as the ISE Te
Published 13 Mar, 2015 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Thursday (March 12, 2015).

Published 13 Mar, 2015 12:00am
Kremlin says Putin healthy, dismisses illness rumours

Kremlin says Putin healthy, dismisses illness rumours

Russian President Vladimir Putin is in good health, the Kremlin said on Thursday, dismissing rumours that the leader was suffering from an illness after a foreign trip was cancelled. A Kazakh governmental source said Putin's trip to Astana scheduled for t
Published 13 Mar, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (March 12, 2015).

Published 13 Mar, 2015 12:00am
Ebad grieved over Ada Jafri's death

Ebad grieved over Ada Jafri's death

Sindh Governor Dr Ishratul Ebad Khan has expressed sorrow over the demise of noted Urdu poetess Ada Jafri. In his condolence message on Thursday night, the Governor said that Ada Jafri's demise has closed a chapter of Urdu literature. He said Pride of Per
Published 13 Mar, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (March 12, 2015).

Published 13 Mar, 2015 12:00am
US exports at risk as bird flu hits heart of poultry country

US exports at risk as bird flu hits heart of poultry country

Importers of US poultry, including top chicken buyer Mexico, on Thursday widened trade restrictions after bird flu was found in the heart of America's poultry region a day earlier. Major producers, which saw their share prices sink on Wednesday, worked to
Published 13 Mar, 2015 12:00am
Cleric from JUI-F grabs deputy chairman's post in surprise move

Cleric from JUI-F grabs deputy chairman's post in surprise move

After the oath-taking ceremony of the newly elected 48 senators, Mian Raza Rabbani a left-wing politician of Pakistan People's Party (PPP), was elected chairman of Senate unanimously on Monday. However, his deputy Maulana Abdul Ghafoor Haideri, a hard-lin
Published 13 Mar, 2015 12:00am
Cleric from JUI-F grabs deputy chairman's post in surprise move

Cleric from JUI-F grabs deputy chairman's post in surprise move

After the oath-taking ceremony of the newly elected 48 senators, Mian Raza Rabbani a left-wing politician of Pakistan People's Party (PPP), was elected chairman of Senate unanimously on Monday. However, his deputy Maulana Abdul Ghafoor Haideri, a hard-lin
Published 13 Mar, 2015 12:00am
THE RUPEE: mixed patterns

THE RUPEE: mixed patterns

The rupee moved both ways against the dollar on the money market on Thursday in the process of trading, dealers said. The rupee inched up by two-paisa in terms of the dollar for buying at Rs 101.76 and it also gained three-paisa for selling at Rs 101.77,
Published 13 Mar, 2015 12:00am
Corps Commander hails Rangers

Corps Commander hails Rangers

Corps Commander Karachi Lieutenant General Naveed Mukhtar on Thursday appreciated Pakistan Rangers Sindh for their commitment to restore normalcy in the metropolis. During his visit to the Rangers Headquarters, the Corps Commander said operation in the ci
Published 13 Mar, 2015 12:00am
THE RUPEE: mixed patterns

THE RUPEE: mixed patterns

The rupee moved both ways against the dollar on the money market on Thursday in the process of trading, dealers said. The rupee inched up by two-paisa in terms of the dollar for buying at Rs 101.76 and it also gained three-paisa for selling at Rs 101.77,
Published 13 Mar, 2015 12:00am
Corps Commander hails Rangers

Corps Commander hails Rangers

Corps Commander Karachi Lieutenant General Naveed Mukhtar on Thursday appreciated Pakistan Rangers Sindh for their commitment to restore normalcy in the metropolis. During his visit to the Rangers Headquarters, the Corps Commander said operation in the ci
Published 13 Mar, 2015 12:00am
Waqas killed by Rangers, insists MQM

Waqas killed by Rangers, insists MQM

In response to a raid by Rangers on party's headquarters Nine-Zero, Muttahida Qaumi Movement (MQM) on Thursday said that criminal elements arrested during the raid did not have any association with the MQM. He also criticised the Rangers for violating the
Published 13 Mar, 2015 12:00am
Waqas killed by Rangers, insists MQM

Waqas killed by Rangers, insists MQM

In response to a raid by Rangers on party's headquarters Nine-Zero, Muttahida Qaumi Movement (MQM) on Thursday said that criminal elements arrested during the raid did not have any association with the MQM. He also criticised the Rangers for violating the
Published 13 Mar, 2015 12:00am
Zarb-e-Azb: Army, air chiefs review progress

Zarb-e-Azb: Army, air chiefs review progress

Chief of Army Staff General Raheel Sharif and Chief of Air Staff Air Chief Marshal Tahir Rafique Butt together visited North Waziristan Agency Thursday. According to DG ISPR, Major General Asim Salim Bajwa, they were briefed about the operation Zarb-e-Azb
Published 13 Mar, 2015 12:00am
Zarb-e-Azb: Army, air chiefs review progress

Zarb-e-Azb: Army, air chiefs review progress

Chief of Army Staff General Raheel Sharif and Chief of Air Staff Air Chief Marshal Tahir Rafique Butt together visited North Waziristan Agency Thursday. According to DG ISPR, Major General Asim Salim Bajwa, they were briefed about the operation Zarb-e-Azb
Published 13 Mar, 2015 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (March 12, 2015).

Published 13 Mar, 2015 12:00am
BRIndex30 gains 36.62 points

BRIndex30 gains 36.62 points

On Thursday, BRIndex30 opened at 18,716.12 points. It touched an intraday high of 18,844.38 points and an intraday low of 18,643.65 points and closed at 18,752.74 points which was 36.62 points or 0.2 percent higher than previous close. Total volume was 80
Published 13 Mar, 2015 12:00am
BRIndex30 gains 36.62 points

BRIndex30 gains 36.62 points

On Thursday, BRIndex30 opened at 18,716.12 points. It touched an intraday high of 18,844.38 points and an intraday low of 18,643.65 points and closed at 18,752.74 points which was 36.62 points or 0.2 percent higher than previous close. Total volume was 80
Published 13 Mar, 2015 12:00am
Stocks recoup losses

Stocks recoup losses

The Karachi share market showed some recovery Thursday on the back of what analysts said institutional interest in select stocks. Having contracted 15 percent since January 28, the KSE-100 index added 43 points to Wednesday''s 32,539.61 points to close at
Published 13 Mar, 2015 12:00am
Stocks recoup losses

Stocks recoup losses

The Karachi share market showed some recovery Thursday on the back of what analysts said institutional interest in select stocks. Having contracted 15 percent since January 28, the KSE-100 index added 43 points to Wednesday's 32,539.61 points to close at
Published 13 Mar, 2015 12:00am
Stocks recoup losses

Stocks recoup losses

The Karachi share market showed some recovery Thursday on the back of what analysts said institutional interest in select stocks. Having contracted 15 percent since January 28, the KSE-100 index added 43 points to Wednesday's 32,539.61 points to close at
Published 13 Mar, 2015 12:00am
Prime Minister orders curtailed loadshedding

Prime Minister orders curtailed loadshedding

Prime Minister Nawaz Sharif has directed Ministry of Water to ensure that loadshedding does not exceed six hours in cities and eight hours in rural areas during summer. An official said the Prime Minister was concerned about loadshedding and wants Ministr
Published 13 Mar, 2015 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 13 Mar, 2015 12:00am
Prime Minister orders curtailed loadshedding

Prime Minister orders curtailed loadshedding

Prime Minister Nawaz Sharif has directed Ministry of Water to ensure that loadshedding does not exceed six hours in cities and eight hours in rural areas during summer. An official said the Prime Minister was concerned about loadshedding and wants Ministr
Published 13 Mar, 2015 12:00am
Board meetings in progress

Board meetings in progress

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

Published 13 Mar, 2015 12:00am
Prime Minister orders curtailed loadshedding

Prime Minister orders curtailed loadshedding

Prime Minister Nawaz Sharif has directed Ministry of Water to ensure that loadshedding does not exceed six hours in cities and eight hours in rural areas during summer. An official said the Prime Minister was concerned about loadshedding and wants Ministr
Published 13 Mar, 2015 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 13 Mar, 2015 12:00am
Ways discussed to expand Pak-US trade & investment

Ways discussed to expand Pak-US trade & investment

Pakistan and United States on Thursday discussed the ways and means to expand two-way trade and investment through easy market excess. According to a statement issued by a spokesperson for the US Embassy here, senior officials from the governments of the
Published 13 Mar, 2015 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 13 Mar, 2015 12:00am
Ways discussed to expand Pak-US trade & investment

Ways discussed to expand Pak-US trade & investment

Pakistan and United States on Thursday discussed the ways and means to expand two-way trade and investment through easy market excess. According to a statement issued by a spokesperson for the US Embassy here, senior officials from the governments of the
Published 13 Mar, 2015 12:00am
Ways discussed to expand Pak-US trade & investment

Ways discussed to expand Pak-US trade & investment

Pakistan and United States on Thursday discussed the ways and means to expand two-way trade and investment through easy market excess. According to a statement issued by a spokesperson for the US Embassy here, senior officials from the governments of the
Published 13 Mar, 2015 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 13 Mar, 2015 12:00am
US government procurement: Pakistan obtains observer status

US government procurement: Pakistan obtains observer status

United States (US) has allowed Pakistani companies to participate in government procurement with the approval of the US President as Pakistan has obtained observer status in government procurement group of the WTO. This was stated by Commerce Minister, En
Published 13 Mar, 2015 12:00am
US government procurement: Pakistan obtains observer status

US government procurement: Pakistan obtains observer status

United States (US) has allowed Pakistani companies to participate in government procurement with the approval of the US President as Pakistan has obtained observer status in government procurement group of the WTO. This was stated by Commerce Minister, En
Published 13 Mar, 2015 12:00am
US government procurement: Pakistan obtains observer status

US government procurement: Pakistan obtains observer status

United States (US) has allowed Pakistani companies to participate in government procurement with the approval of the US President as Pakistan has obtained observer status in government procurement group of the WTO. This was stated by Commerce Minister, En
Published 13 Mar, 2015 12:00am
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