News Archives for Print - 2015-03-18 - Business Recorder

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Print - 2015-03-18

Challenges to Human Security, Development in Pakistan: two-day national conference begins at NDU

Challenges to Human Security, Development in Pakistan: two-day national conference begins at NDU

Emphasising the importance of exploring remedies to address the emerging complex paradigm of human security on Tuesday, President National Defence University (NDU), Lieutenant General Javed Iqbal HI (M) said, "From our findings, we hope to extrapolate gui

Published 18 Mar, 2015 12:00am

President for making science a source of national progress: convocation of PIEAS held

President for making science a source of national progress: convocation of PIEAS held

President Mamnoon Hussain has underlined the need to focus on acquiring modern science, engineering and technical education for not only attaining academic excellence but also national socio-economic benefits. The President emphasised that scientific rese

Published 18 Mar, 2015 12:00am

Imran assures Karak protesters of fulfilling demands

Imran assures Karak protesters of fulfilling demands

Pakistan Tehreek-e-Insaf (PTI) Chief Imran Khan Tuesday assured a group of protesters from Karak, a district in Khyber Pakhtunkhawa that all their demands will be met. Earlier, leaders and activists from district Karak held a sit-in outside Imran Khan's r

Published 18 Mar, 2015 12:00am

KP IGP suspends In-charge Investigation

KP IGP suspends In-charge Investigation

The Inspector General of Police (IGP) Khyber Pakhtunkhwa Nasir Khan Durrani on public complaints has suspended In-charge investigation police station Badhaber Sub-Inspector Tariq Umar with immediate effect and also ordered departmental inquiry against him

Published 18 Mar, 2015 12:00am

KP ST&IT department, CISCO sign MoU

KP ST&IT department, CISCO sign MoU

A Memorandum of Understanding (MoU) was signed between Science and Technology and Information Technology (ST&IT) department, Khyber Pakhtunkhwa and CISCO-a California based international IT company, says a handout issued on Tuesday. According to the MoU C

Published 18 Mar, 2015 12:00am

Lahore is no jungle

Lahore is no jungle

Business Recorder's editorial "Bomb blasts at Lahore churches" carried by the newspaper yesterday has made a critical but valid point. According to it, "Lahore may not be very far from the Changa Manga forest, but it is no jungle to be run under the law o

Published 18 Mar, 2015 12:00am

Europe braces for 'unprecedented' power issues from solar eclipse

Europe braces for 'unprecedented' power issues from solar eclipse

Europe's power operators are bracing for potential disruption from the solar eclipse expected Friday, which will knock out almost all solar-generated electricity in an "unprecedented" test for the network. "The risk of an incident cannot be completely rul

Published 18 Mar, 2015 12:00am

American investments in Pakistan

American investments in Pakistan

While addressing the 3rd Pakistan-US Business Opportunities Conference in Islamabad last week, the visiting US Secretary Commerce, Penny Pritzker, underlined security, unfair taxation and bureaucratic procedures as key impediments to doing business in Pak

Published 18 Mar, 2015 12:00am

'Old Pakistan', 'New Pakistan' The way forward

'Old Pakistan', 'New Pakistan' The way forward

Sixty-eight years into our existence as an independent country we are beset with numerous crisis. The latest is the warning by IRSA that the nation is on the verge of a mammoth water crisis, which would put the energy crisis look like a picnic. It has rec

Published 18 Mar, 2015 12:00am

New hope for peace in Syria

New hope for peace in Syria

As the war in Syria enters in its fifth year with disastrous consequences for all involved, the US has finally come to the realisation that its insistence on the Assad regime's ouster is useless, if not counterproductive. In a recent interview, Secretary

Published 18 Mar, 2015 12:00am

Revaluating Wapda assets

Libor

Revaluating Wapda assets

According to a Business Recorder exclusive, the Water and Power Development Authority (Wapda) has decided to revaluate its assets under present market rates and offer part of what is expected to be an increase to the general public. The obvious obj

Published 18 Mar, 2015 12:00am

Japan contributes $16.21 million to UN Programmes for IDPs

Japan contributes $16.21 million to UN Programmes for IDPs

The Government of Japan on Tuesday announced that it has disbursed $16.21 million in total to UN Development Programme (UNDP), UN-Habitat (the UN Human Settlements Programme), UN High Commission for Refugees (UNHCR) and World Food Programme (WFP) to suppo

Published 18 Mar, 2015 12:00am

Daniel Pearl case: Qari Hashim has been freed, SHC told

Daniel Pearl case: Qari Hashim has been freed, SHC told

The Central Jail Hyderabad's Superintendent Aijaz Hyder informed the Sindh High Court (SHC) here on Tuesday that Syed Qari Hashim Shah, who was acquitted in US journalist Daniel Pearl's murder case, has been released from the prison. The court was hearing

Published 18 Mar, 2015 12:00am

Punjab chief minister orders action against violent protestors

Punjab chief minister orders action against violent protestors

Punjab Chief Minister Muhammad Shahbaz Sharif has said that the incident that took place in Yuhanabad was highly condemnable and it was the worst conspiracy to divide the nation. He said that terrorists have no religion and do not deserve to be called hum

Published 18 Mar, 2015 12:00am

Transfers, postings in FBR

Transfers, postings in FBR

The Federal Board of Revenue (FBR) has transferred and posted five officials of Inland Revenue Service (BS-19/20) with immediate effect.

Published 18 Mar, 2015 12:00am

Pakistan, Austria ink OECD model protocol

Pakistan, Austria ink OECD model protocol

Pakistan and Austria here on Tuesday signed the Organisation for Economic Co-operation and Development (OECD) model protocol aiming at bringing transparency in taxation affairs and exchange of data and information between the two countries. The agreement

Published 18 Mar, 2015 12:00am

Non-conforming use of residential accommodation: Supreme Court seeks report from CDA

Non-conforming use of residential accommodation: Supreme Court seeks report from CDA

The Supreme Court on Tuesday sought report from the Capital Development Authority (CDA) on the petition pertaining to action taken against non-conforming use of residential accommodation in Islamabad. A three-member bench headed by Justice Jawwad S Khawaj

Published 18 Mar, 2015 12:00am

FBR wing may file reference against supermodel

FBR wing may file reference against supermodel

Top model Ayyan Ali faces legal reference for alleged concealment of income tax and unexplained source of $506,800 as the Directorate General of Intelligence and Investigation (I&I) Inland Revenue (IR) Federal Board of Revenue (FBR) is likely to file a re

Published 18 Mar, 2015 12:00am

Private Fund Regulations: SECP rationalises regulatory requirements

Private Fund Regulations: SECP rationalises regulatory requirements

The Securities and Exchange Commission of Pakistan (SECP) has rationalised regulatory requirements of Private Fund Regulations to facilitate investment advisors in developing better understanding of the investment objectives of their clients keeping in vi

Published 18 Mar, 2015 12:00am

Sukuk issues regulations: SECP lays down new conditions

Sukuk issues regulations: SECP lays down new conditions

The Securities and Exchange Commission of Pakistan (SECP) has laid down new conditions for any issuer ie company, Special Purpose Vehicle or body corporate, which intends to issue Sukuk instruments. Under SRO.112(I)/2015 issued by the SECP here on Tuesday

Published 18 Mar, 2015 12:00am

Sukuk issues regulations: SECP lays down new conditions

Sukuk issues regulations: SECP lays down new conditions

The Securities and Exchange Commission of Pakistan (SECP) has laid down new conditions for any issuer ie company, Special Purpose Vehicle or body corporate, which intends to issue Sukuk instruments. Under SRO.112(I)/2015 issued by the SECP here on Tuesday

Published 18 Mar, 2015 12:00am

UAF spring festival begins

UAF spring festival begins

The University of Agriculture Faisalabad (UAF) is holding a six-day Spring festival from Wednesday. The festival is bringing colourful events including the tent pegging, Agricultural exhibition, Kissan convention, cultural show, milk and beauty competitio

Published 18 Mar, 2015 12:00am

MQM team visits police station

MQM team visits police station

A delegation of Muttahida Qaumi Movement (MQM) rushed to Civil Lines Police Station on Tuesday to get a copy of the FIR lodged against their party's chief Altaf Hussain. Rangers' spokesperson Colonel Tahir Mehmood filed the case, police said. A few hours

Published 18 Mar, 2015 12:00am

Rocket Internet launches online hotel booking platform

Rocket Internet launches online hotel booking platform

Rocket Internet AG, under its holding firm the Asia Pacific Internet Group, has announced the official launch of its hotel-booking platform 'Jovago' in Pakistan. At a ceremony at Mövenpick, Karachi, the company launched its online hotel booking service po

Published 18 Mar, 2015 12:00am

Vacant posts of judges to be filled soon: CJ SHC

Vacant posts of judges to be filled soon: CJ SHC

Chief Justice of Sindh High Court (SHC) Justice Faisal Arab Tuesday said that vacant post of judges will be filled on merit soon, so as to provide hurdle-free justice to the people. He said legal education programme will be started in Khairpur like Karach

Published 18 Mar, 2015 12:00am

Inov8 Limited gets 'Innovation Award'

Inov8 Limited gets 'Innovation Award'

Inov8 Limited, the region's fastest growing mobile payments company, received the "Innovation Award" from Governor State Bank of Pakistan at a recently concluded conference, for their groundbreaking new mobile payment products, AGENTmate and Falcon.

Published 18 Mar, 2015 12:00am

Inov8 Limited gets 'Innovation Award'

Inov8 Limited gets 'Innovation Award'

Inov8 Limited, the region's fastest growing mobile payments company, received the "Innovation Award" from Governor State Bank of Pakistan at a recently concluded conference, for their groundbreaking new mobile payment products, AGENTmate and Falcon.

Published 18 Mar, 2015 12:00am

TDAP to hold international exhibition in UK

TDAP to hold international exhibition in UK

-In order to get maximum benefits from the GSP Plus status, Trade Development Authority of Pakistan (TDAP) has planned to hold an international exhibition in UK to attract European buyers. S.M Muneer, Chief Executive (CE) TDAP during his visit at Karachi

Published 18 Mar, 2015 12:00am

Gulistan Textile Mills Limited

Gulistan Textile Mills Limited

The SECP may be adamant in requiring companies to post their financial statements on their websites but some firms just do not listen. One such firm is Gulistan Textile Mills Limited. Not only they have failed to update their FY14 financial statements on

Published 18 Mar, 2015 12:00am

Gulistan Textile Mills Limited

Gulistan Textile Mills Limited

The SECP may be adamant in requiring companies to post their financial statements on their websites but some firms just do not listen. One such firm is Gulistan Textile Mills Limited. Not only they have failed to update their FY14 financial statements on

Published 18 Mar, 2015 12:00am

Quetta CCI feasts US CG

Quetta CCI feasts US CG

The Quetta Chamber of Commerce and Industry hosted US Consul General Brian Heath and members of the US Consulate General Karachi's Political and Economic Section for dinner to discuss advancing US Pakistan business, trade and investment ties. Earlier, Hea

Published 18 Mar, 2015 12:00am

Kati chief urges for efforts to increase Pak-China trade

Kati chief urges for efforts to increase Pak-China trade

President Korangi Association of Trade and Industry (KATI), Rashid Ahmed Siddiqui has said that efforts should be made to increase two way trades and bring business community of Pakistan and China further closer. Speaking at a reception in honour of Vice

Published 18 Mar, 2015 12:00am

WTO's GPA: US applauds Pakistan for attaining observer status

WTO's GPA: US applauds Pakistan for attaining observer status

The United State has applauded Pakistan for attaining the observer status to the World Trade Organisation (WTO) Government Procurement Agreement (GPA), paving way for participation in the US government procurements. According to a joint statement issued T

Published 18 Mar, 2015 12:00am

Christians hold funerals for victims of church attacks

Christians hold funerals for victims of church attacks

Christians held funerals amidst tight security Tuesday for the victims of twin Taliban suicide attacks that targeted churches two days earlier in the worst attack on the minority group in over a year. Seventeen people died as a result of the suicide bombi

Published 18 Mar, 2015 12:00am

GM PIDA for receiving 100 percent abiyana by June 30

GM PIDA for receiving 100 percent abiyana by June 30

General Manager Punjab Irrigation & Draining Authority (PIDA), Chaudhry Khawar Nazir has said that farmer organisations should expedite the work of receipt of abiyana so that target of 100 percent receiving of abiyana could be completed by June 30.

Published 18 Mar, 2015 12:00am

PML-N government focusing on country's development: Prime Minister

PML-N government focusing on country's development: Prime Minister

Prime Minister Muhammad Nawaz Sharif on Tuesday said the government of PML-N is focusing on its vision of development and prosperity, with provision of better facilities to the people across the country. The Prime Minister said this while talking to Ghula

Published 18 Mar, 2015 12:00am

July-February FDI down four percent

July-February FDI down four percent

The Foreign Direct Investment (FDI) fell 4 percent during the first eight months (July-February) of current fiscal year (FY15), mainly due to energy crisis and poor law and order. Economists said the current FDI trend is not surprising as since the beginn

Published 18 Mar, 2015 12:00am

July-February FDI down four percent

July-February FDI down four percent

The Foreign Direct Investment (FDI) fell 4 percent during the first eight months (July-February) of current fiscal year (FY15), mainly due to energy crisis and poor law and order. Economists said the current FDI trend is not surprising as since the beginn

Published 18 Mar, 2015 12:00am

July-February FDI down four percent

July-February FDI down four percent

The Foreign Direct Investment (FDI) fell 4 percent during the first eight months (July-February) of current fiscal year (FY15), mainly due to energy crisis and poor law and order. Economists said the current FDI trend is not surprising as since the beginn

Published 18 Mar, 2015 12:00am

FTR Rule 156 amended: President approves leave of AGP

FTR Rule 156 amended: President approves leave of AGP

The President has approved the advice of the Prime Minister for grant of 11 days casual leave to Muhammad Akhtar Buland Rana, Auditor-General of Pakistan (AGP). The leave will be effective from March 24 affixing and suffixing public holidays. On another s

Published 18 Mar, 2015 12:00am

FTR Rule 156 amended: President approves leave of AGP

FTR Rule 156 amended: President approves leave of AGP

The President has approved the advice of the Prime Minister for grant of 11 days casual leave to Muhammad Akhtar Buland Rana, Auditor-General of Pakistan (AGP). The leave will be effective from March 24 affixing and suffixing public holidays. On another s

Published 18 Mar, 2015 12:00am

FTR Rule 156 amended: President approves leave of AGP

FTR Rule 156 amended: President approves leave of AGP

The President has approved the advice of the Prime Minister for grant of 11 days casual leave to Muhammad Akhtar Buland Rana, Auditor-General of Pakistan (AGP). The leave will be effective from March 24 affixing and suffixing public holidays. On another s

Published 18 Mar, 2015 12:00am

FTR Rule 156 amended: President approves leave of AGP

FTR Rule 156 amended: President approves leave of AGP

The President has approved the advice of the Prime Minister for grant of 11 days casual leave to Muhammad Akhtar Buland Rana, Auditor-General of Pakistan (AGP). The leave will be effective from March 24 affixing and suffixing public holidays. On another s

Published 18 Mar, 2015 12:00am

The Weather

The Weather

The weather report on Tuesday (March 17, 2015) and the forecast for Wednesday (March 18, 2015).

Published 18 Mar, 2015 12:00am

FTR Rule 156 amended: President approves leave of AGP

FTR Rule 156 amended: President approves leave of AGP

The President has approved the advice of the Prime Minister for grant of 11 days casual leave to Muhammad Akhtar Buland Rana, Auditor-General of Pakistan (AGP). The leave will be effective from March 24 affixing and suffixing public holidays. On another s

Published 18 Mar, 2015 12:00am

Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (March 17, 2015).

Published 18 Mar, 2015 12:00am

Foreign assets: Indian cabinet approves bill to punish hiding

Foreign assets: Indian cabinet approves bill to punish hiding

India''''s cabinet approved a bill on Tuesday that would introduce a 10-year jail term for people convicted of illicitly stashing wealth abroad, a senior official said. The move is viewed as a first step towards empowering tax authorities and meeting the

Published 18 Mar, 2015 12:00am

LME official prices

LME official prices

The following were Monday official prices.

Published 18 Mar, 2015 12:00am

Foreign assets: Indian cabinet approves bill to punish hiding

Foreign assets: Indian cabinet approves bill to punish hiding

India''s cabinet approved a bill on Tuesday that would introduce a 10-year jail term for people convicted of illicitly stashing wealth abroad, a senior official said. The move is viewed as a first step towards empowering tax authorities and meeting the co

Published 18 Mar, 2015 12:00am

LME official prices

LME official prices

The following were Monday official prices.

Published 18 Mar, 2015 12:00am

Foreign assets: Indian cabinet approves bill to punish hiding

Foreign assets: Indian cabinet approves bill to punish hiding

India's cabinet approved a bill on Tuesday that would introduce a 10-year jail term for people convicted of illicitly stashing wealth abroad, a senior official said. The move is viewed as a first step towards empowering tax authorities and meeting the com

Published 18 Mar, 2015 12:00am

Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (March 17, 2015).

Published 18 Mar, 2015 12:00am

Foreign assets: Indian cabinet approves bill to punish hiding

Foreign assets: Indian cabinet approves bill to punish hiding

India's cabinet approved a bill on Tuesday that would introduce a 10-year jail term for people convicted of illicitly stashing wealth abroad, a senior official said. The move is viewed as a first step towards empowering tax authorities and meeting the com

Published 18 Mar, 2015 12:00am

Poultry Rates

Poultry Rates

Wholesale poultry rates on Tuesday (March 17, 2015) and for Wednesday (March 18, 2015).

Published 18 Mar, 2015 12:00am

Shakil Afridi's lawyer shot dead in Peshawar

Shakil Afridi's lawyer shot dead in Peshawar

Unknown armed men gunned down Samiullah Afridi, lawyer for Dr Shakil Afridi, who allegedly helped US Marines in tracing and killing al Qaeda chief Osama bin Laden in Abbottabad. Police said that unidentified gunmen targeted Samiullah Afridi in Aslam Dheri

Published 18 Mar, 2015 12:00am

Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (March 17, 2015)

Published 18 Mar, 2015 12:00am

Shakil Afridi's lawyer shot dead in Peshawar

Shakil Afridi's lawyer shot dead in Peshawar

Unknown armed men gunned down Samiullah Afridi, lawyer for Dr Shakil Afridi, who allegedly helped US Marines in tracing and killing al Qaeda chief Osama bin Laden in Abbottabad. Police said that unidentified gunmen targeted Samiullah Afridi in Aslam Dheri

Published 18 Mar, 2015 12:00am

Lahore Paper Market Rates

Lahore Paper Market Rates

Paper market rates in rupees on Tuesday (March 17, 2015).

Published 18 Mar, 2015 12:00am

Railways asked to auction abandoned tracks, bridges

Railways asked to auction abandoned tracks, bridges

The Sub-Committee of Public Accounts Committee (PAC) directed Pakistan Railways on Tuesday to formulate a policy with a view to auctioning abandoned railway tracks and bridges to meet its financial needs. The committee met with Sardar Ashaq Hussain Gopang

Published 18 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 Tuesday (March 17, 2015).

Published 18 Mar, 2015 12:00am

Railways asked to auction abandoned tracks, bridges

Railways asked to auction abandoned tracks, bridges

The Sub-Committee of Public Accounts Committee (PAC) directed Pakistan Railways on Tuesday to formulate a policy with a view to auctioning abandoned railway tracks and bridges to meet its financial needs. The committee met with Sardar Ashaq Hussain Gopang

Published 18 Mar, 2015 12:00am

Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (March 17, 2015).

Published 18 Mar, 2015 12:00am

Railways asked to auction abandoned tracks, bridges

Railways asked to auction abandoned tracks, bridges

The Sub-Committee of Public Accounts Committee (PAC) directed Pakistan Railways on Tuesday to formulate a policy with a view to auctioning abandoned railway tracks and bridges to meet its financial needs. The committee met with Sardar Ashaq Hussain Gopang

Published 18 Mar, 2015 12:00am

Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (March 17, 2015).

Published 18 Mar, 2015 12:00am

Credit guarantee scheme for small farmers approved

Credit guarantee scheme for small farmers approved

Finance Minister, Muhammad Ishaq Dar at a meeting here on Tuesday approved Credit Guarantee Scheme focusing on small farmers who do not have any collateral to offer against loans. Farmers with land holding up to 5 acre in canal-fed and 10 acres in rain-fe

Published 18 Mar, 2015 12:00am

Dollar's rate in interbank market

Dollar's rate in interbank market

Interbank closing rates for dollar on Tuesday (March 17, 2015).

Published 18 Mar, 2015 12:00am

Credit guarantee scheme for small farmers approved

Credit guarantee scheme for small farmers approved

Finance Minister, Muhammad Ishaq Dar at a meeting here on Tuesday approved Credit Guarantee Scheme focusing on small farmers who do not have any collateral to offer against loans. Farmers with land holding up to 5 acre in canal-fed and 10 acres in rain-fe

Published 18 Mar, 2015 12:00am

Kerb buying and selling rate of US dollar

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Tuesday (March 17, 2015).

Published 18 Mar, 2015 12:00am

Credit guarantee scheme for small farmers approved

Credit guarantee scheme for small farmers approved

Finance Minister, Muhammad Ishaq Dar at a meeting here on Tuesday approved Credit Guarantee Scheme focusing on small farmers who do not have any collateral to offer against loans. Farmers with land holding up to 5 acre in canal-fed and 10 acres in rain-fe

Published 18 Mar, 2015 12:00am

THE RUPEE: mixed patterns

THE RUPEE: mixed patterns

Divergent trends were seen on the currency market on Tuesday as the rupee played both sides versus the dollar in the process of trading, dealers said. The rupee recovered two-paisa in terms of the dollar for buying and selling at Rs 101.70 and Rs 101.72 r

Published 18 Mar, 2015 12:00am

Spain arrests 60 for conning British timeshare owners

Spain arrests 60 for conning British timeshare owners

Spanish police said Tuesday they arrested 60 people accused of conning hundreds of British timeshare owners out of their cash. The gang tricked 500 people into paying supposed handling fees after offering an irresistible price to buy their timeshare holid

Published 18 Mar, 2015 12:00am

THE RUPEE: mixed patterns

THE RUPEE: mixed patterns

Divergent trends were seen on the currency market on Tuesday as the rupee played both sides versus the dollar in the process of trading, dealers said. The rupee recovered two-paisa in terms of the dollar for buying and selling at Rs 101.70 and Rs 101.72 r

Published 18 Mar, 2015 12:00am

Spain arrests 60 for conning British timeshare owners

Spain arrests 60 for conning British timeshare owners

Spanish police said Tuesday they arrested 60 people accused of conning hundreds of British timeshare owners out of their cash. The gang tricked 500 people into paying supposed handling fees after offering an irresistible price to buy their timeshare holid

Published 18 Mar, 2015 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (March 17, 2015).

Published 18 Mar, 2015 12:00am

Clifton beach land: contempt notices issued to Chief Secretary, others

Clifton beach land: contempt notices issued to Chief Secretary, others

The Supreme Court on Tuesday issued contempt of court notices to Chief Secretary, Secretary Land Utilisation Department and Member Land Revenue of Sindh over illegal sale of 350 acres of Clifton beach in Karachi. A two-member bench led by the Chief Justic

Published 18 Mar, 2015 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (March 17, 2015).

Published 18 Mar, 2015 12:00am

Clifton beach land: contempt notices issued to Chief Secretary, others

Clifton beach land: contempt notices issued to Chief Secretary, others

The Supreme Court on Tuesday issued contempt of court notices to Chief Secretary, Secretary Land Utilisation Department and Member Land Revenue of Sindh over illegal sale of 350 acres of Clifton beach in Karachi. A two-member bench led by the Chief Justic

Published 18 Mar, 2015 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (March 17, 2015).

Published 18 Mar, 2015 12:00am

Clifton beach land: contempt notices issued to Chief Secretary, others

Clifton beach land: contempt notices issued to Chief Secretary, others

The Supreme Court on Tuesday issued contempt of court notices to Chief Secretary, Secretary Land Utilisation Department and Member Land Revenue of Sindh over illegal sale of 350 acres of Clifton beach in Karachi. A two-member bench led by the Chief Justic

Published 18 Mar, 2015 12:00am

Cross Transactions between Client to Client & Financial Institutions

Cross Transactions between Client to Client & Financial Institutions

The following were the cross transactions between client to client & financial institutions here on Tuesday (March 17, 2015).

Published 18 Mar, 2015 12:00am

Clifton beach land: contempt notices issued to Chief Secretary, others

Clifton beach land: contempt notices issued to Chief Secretary, others

The Supreme Court on Tuesday issued contempt of court notices to Chief Secretary, Secretary Land Utilisation Department and Member Land Revenue of Sindh over illegal sale of 350 acres of Clifton beach in Karachi. A two-member bench led by the Chief Justic

Published 18 Mar, 2015 12:00am

Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (March 17, 2015).

Published 18 Mar, 2015 12:00am

Research analysts: SECP proposes limitations on shares trading

Research analysts: SECP proposes limitations on shares trading

Securities and Exchange Commission of Pakistan (SECP) has proposed limitations on trading of shares at stock exchanges by research analysts, whose reports are used by general public for trading at bourses. The SECP has issued draft of the Research Analyst

Published 18 Mar, 2015 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Tuesday (March 17, 2015)

Published 18 Mar, 2015 12:00am

Research analysts: SECP proposes limitations on shares trading

Research analysts: SECP proposes limitations on shares trading

Securities and Exchange Commission of Pakistan (SECP) has proposed limitations on trading of shares at stock exchanges by research analysts, whose reports are used by general public for trading at bourses. The SECP has issued draft of the Research Analyst

Published 18 Mar, 2015 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Tuesday (March 17, 2015)

Published 18 Mar, 2015 12:00am

Research analysts: SECP proposes limitations on shares trading

Research analysts: SECP proposes limitations on shares trading

Securities and Exchange Commission of Pakistan (SECP) has proposed limitations on trading of shares at stock exchanges by research analysts, whose reports are used by general public for trading at bourses. The SECP has issued draft of the Research Analyst

Published 18 Mar, 2015 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Tuesday (March 17, 2015)

Published 18 Mar, 2015 12:00am

Ogra chairman: government decision declared null and void

Ogra chairman: government decision declared null and void

Islamabad High Court (IHC) Tuesday declared notification to send Oil and Gas Regulatory Authority (OGRA) Chairman Saeed Ahmed Khan on forced leave void and accepted his plea for hearing. A single-member bench of Justice Noorul Haq Qureshi had reserved jud

Published 18 Mar, 2015 12:00am

BRIndex30 and BR Sectoral Indices

BRIndex30 and BR Sectoral Indices

BRIndex30 and BR Sectoral Indices on Tuesday (March 17, 2015).

Published 18 Mar, 2015 12:00am

Ogra chairman: government decision declared null and void

Ogra chairman: government decision declared null and void

Islamabad High Court (IHC) Tuesday declared notification to send Oil and Gas Regulatory Authority (OGRA) Chairman Saeed Ahmed Khan on forced leave void and accepted his plea for hearing. A single-member bench of Justice Noorul Haq Qureshi had reserved jud

Published 18 Mar, 2015 12:00am

BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 18 Mar, 2015 12:00am

Ogra chairman: government decision declared null and void

Ogra chairman: government decision declared null and void

Islamabad High Court (IHC) Tuesday declared notification to send Oil and Gas Regulatory Authority (OGRA) Chairman Saeed Ahmed Khan on forced leave void and accepted his plea for hearing. A single-member bench of Justice Noorul Haq Qureshi had reserved jud

Published 18 Mar, 2015 12:00am

Last date of renunciation/payment

Last date of renunciation/payment

Last dates of renunciation/payment.

Published 18 Mar, 2015 12:00am

ISE index drops by 31.64 points

ISE index drops by 31.64 points

Bears retuned in the driving seat at the Islamabad Stock Exchange (ISE) on Tuesday, where losers outclassed gainers amid decrease in index. ISE Ten Index showed a decrease of 31.64 points as the ISE Ten Index moved from 3,761.34 to 3,729.70 points. The ov

Published 18 Mar, 2015 12:00am

Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 18 Mar, 2015 12:00am

ISE index drops by 31.64 points

ISE index drops by 31.64 points

Bears retuned in the driving seat at the Islamabad Stock Exchange (ISE) on Tuesday, where losers outclassed gainers amid decrease in index. ISE Ten Index showed a decrease of 31.64 points as the ISE Ten Index moved from 3,761.34 to 3,729.70 points. The ov

Published 18 Mar, 2015 12:00am

Clearing Schedule for T+2 System

Clearing Schedule for T+2 System

Karachi Stock Exchange's Clearing Schedule for T+2 System.

Published 18 Mar, 2015 12:00am

LSE index loses 6.74 points

LSE index loses 6.74 points

Mixed sentiments prevailed on the Lahore Stock Exchange on Tuesday where equities moved both ways and finally settled in negative zone amid sluggish trading trend. The LSE-25 index lost 6.74 points to 5731.48 against 5738.22 of Monday while transaction vo

Published 18 Mar, 2015 12:00am

Dates of Closure of Books & Annual General Meetings

Dates of Closure of Books & Annual General Meetings

Dates of Closure of Books and holding of Ordinary and Extra-Ordinary General Meetings of companies listed on the stock exchanges.

Published 18 Mar, 2015 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 4	277.97
USD PKR Interbank Buying / Dec 4	277.77
USD to Japanese Yen / Dec 4	150.37
USD to Swiss Franc / Dec 4	0.89
Pound Sterling to USD / Dec 4	1.27
Euro to USD / Dec 4	1.05

Stock	Volume
S&P 500 / Dec 3	6,049.87
Nasdaq / Dec 3	19,480.91
Dow Jones / Dec 3	44,705.53
India Sensex / Dec 4	80,956.33
Tokyo Nikkei / Dec 4	39,276.39
Hang Seng / Dec 4	19,742.46
FTSE 100 / Dec 4	8,328.12
Germany DAX 30 / Dec 4	20,195.75

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 3	17,685
Petrol/Litre / Dec 4	252.10
Crude Oil USD/Barrel / Dec 4	70.17
Gold 10 Grams PKR / Dec 4	235,940
Gold Spot USD/Ounce / Dec 4	2,644.45
Diesel/Litre / Dec 4	258.43

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Dec 4 786 Investments Limited(786)	7.37 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Dec 4 Al-Abbas Sugar Mills Limited(AABS)	627.86 ▼ 0.00 (0.00%)
Agro Allianz / Dec 4 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Dec 4 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Dec 4 Ali Asghar Textile Mills Limited(AATM)	68.40 ▼ 0.00 (0.00%)
Allied Bank / Dec 4 Allied Bank Limited(ABL)	150.94 ▼ 0.00 (0.00%)
Abbott Lab. / Dec 4 Abbott Laboratories (Pakistan) Limited(ABOT)	1,123.10 ▼ 0.00 (0.00%)
Abson Ind. / Dec 4 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Dec 4 Alfalah Consumer Index ETF.(ACIETF)	13.47 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Dec 4 786 Investments Limited(786)	7.37 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Dec 4 Al-Abbas Sugar Mills Limited(AABS)	627.86 ▲ 0.00 (0.00%)
Agro Allianz / Dec 4 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Dec 4 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Dec 4 Ali Asghar Textile Mills Limited(AATM)	68.40 ▲ 0.00 (0.00%)
Allied Bank / Dec 4 Allied Bank Limited(ABL)	150.94 ▲ 0.00 (0.00%)
Abbott Lab. / Dec 4 Abbott Laboratories (Pakistan) Limited(ABOT)	1,123.10 ▲ 0.00 (0.00%)
Abson Ind. / Dec 4 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Dec 4 Alfalah Consumer Index ETF.(ACIETF)	13.47 ▲ 0.00 (0.00%)

Stock	Volume
Cnergyico PK / Dec 4 Cnergyico PK Limited(CNERGY)	246,707,903 ▲ 0.00
WorldCall Telecom / Dec 4 Worldcall Telecom Limited(WTL)	89,419,070 ▲ 0.00
Hascol Petrol / Dec 4 Hascol Petroleum Limited(HASCOL)	87,024,698 ▲ 0.00
Pak Elektron / Dec 4 Pak Elektron Limited(PAEL)	67,806,935 ▲ 0.00
Sui South Gas / Dec 4 Sui Southern Gas Company Limited(SSGC)	61,811,720 ▲ 0.00
Power Cement / Dec 4 Power Cement Limited(POWER)	58,501,362 ▲ 0.00
K-Electric Ltd. / Dec 4 K-Electric Limited(KEL)	56,938,645 ▲ 0.00
Pak Int.Bulk / Dec 4 Pakistan International Bulk Terminal(PIBTL)	56,115,997 ▲ 0.00
Pak Refinery / Dec 4 Pakistan Refinery Limited(PRL)	55,870,990 ▲ 0.00

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