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Print - 2015-03-19
Corn and soya dive on export woes

Corn and soya dive on export woes

US soyabean futures sagged 1.5 percent to their lowest in almost five months on Tuesday, with export demand for US supplies fading amid the expanding harvest in Argentina and Brazil, traders said. "The fundamentals are not friendly here; the South America
Published 19 Mar, 2015 12:00am
Greek parliament adopts anti-poverty law

Greek parliament adopts anti-poverty law

The Greek parliament on Wednesday overwhelmingly adopted a "humanitarian crisis" bill aimed at helping its poorest people, ignoring apparent pressure from the European Union to halt the legislation. This first package of social measures put forward by Pri
Published 19 Mar, 2015 12:00am
'Genetic map' of Britain shows legacy of war, migration

'Genetic map' of Britain shows legacy of war, migration

In an unprecedented probe into genetic history, scientists on Wednesday said native Britons have distinct DNA signatures that often correspond to their region's past. People who have long-term ancestry in Britain fall into 17 "genetically distinct" region
Published 19 Mar, 2015 12:00am
Prominent Yemeni journalist and Houthi activist killed

Prominent Yemeni journalist and Houthi activist killed

Assailants on a motorbike on Wednesday shot dead one of Yemen's top journalists, Abdul Kareem al-Khaiwani, who is also an activist close to the country's dominant Houthi group, police sources said. The group's television channel al-Maseerah said al-Khaiwa
Published 19 Mar, 2015 12:00am
UAE recalls ambassador from Sweden as Saudi spat spreads

UAE recalls ambassador from Sweden as Saudi spat spreads

The United Arab Emirates recalled its ambassador from Sweden Wednesday, widening a diplomatic row triggered by the Nordic country's criticism of Saudi Arabia. The protest came a week after Saudi Arabia recalled its ambassador from Stockholm, citing Swedis
Published 19 Mar, 2015 12:00am
Sierra Leone leader sacks vice president

Sierra Leone leader sacks vice president

Sierra Leone leader Ernest Bai Koroma began the search for a new deputy and potential successor on Wednesday after sacking his vice-president in a bid to end a political crisis engulfing the fragile nation. Samuel Sam-Sumana's dismissal comes almost two w
Published 19 Mar, 2015 12:00am
Court bans Uber's online taxi service in Germany

Court bans Uber's online taxi service in Germany

A German court on Wednesday ruled against US taxi app company Uber, issuing a nation-wide ban on its ride-sharing service uberPOP. The firm, which operates in 250 cities world-wide, has drawn criticism in many countries from regulators and established tax
Published 19 Mar, 2015 12:00am
February was second hottest in global record: US

February was second hottest in global record: US

Last month was the second hottest February in modern history, according to a report Wednesday by US government scientists who measure the global average land and sea temperature each month. The month's average temperature across global land and ocean surf
Published 19 Mar, 2015 12:00am
Dust cloud, aurora detected around Mars

Dust cloud, aurora detected around Mars

A NASA spacecraft circling Mars has detected a mysterious dust cloud and a vibrant aurora, both unexpected phenomena on Earth's neighbouring planet, researchers said Wednesday. NASA's Mars Atmosphere and Volatile Evolution (MAVEN) detected the aurora - kn
Published 19 Mar, 2015 12:00am
One dead in US shooting, gunman on loose

One dead in US shooting, gunman on loose

One person was killed and up to five others hurt in a shooting in Arizona on Wednesday, while a lone gunman was still on the loose, a report and officials said. Police said only that four people were shot in Mesa, a suburb of Phoenix, where SWAT teams scr
Published 19 Mar, 2015 12:00am
US still backs two-state solution in Middle East: White House

US still backs two-state solution in Middle East: White House

The White House said Wednesday it still believes a two-state solution is the best way to find peace in the Middle East, after Israeli Prime Minister Benjamin Netanyahu ruled out the creation of a Palestinian state. President Barack Obama believes a two-st
Published 19 Mar, 2015 12:00am
Cotton has biggest gain in nearly a year after Fed statement

Cotton has biggest gain in nearly a year after Fed statement

Cotton futures rose the most in a single session in nearly a year on Wednesday after the US dollar fell sharply after a US Federal Reserve statement that opened the door to an interest rate hike but hinted it could take a gradual approach. The front-month
Published 19 Mar, 2015 12:00am
Palm oil bounces

Palm oil bounces

Malaysian palm oil futures rallied from a near seven-week low on Wednesday in a technical correction to end higher, though traders said weaker crude oil and soy prices would cap gains. The benchmark June contract on the Bursa Malaysia Derivatives Exchange
Published 19 Mar, 2015 12:00am
Cocoa remains down, arabica higher

Cocoa remains down, arabica higher

New York cocoa futures fell for the 11th straight session in heavy volume on Wednesday, flirting with a six-week low while speculators continued to sell as crop weather conditions improved in West Africa. Arabica coffee turned higher after an influential
Published 19 Mar, 2015 12:00am
Youhannabad incident: PPP leaders visit victims at LGH

Youhannabad incident: PPP leaders visit victims at LGH

A delegation of PPP Punjab visited Lahore General Hospital (LGH) and conveyed best wishes of Bilawal Bhutto, Asif Ali Zardari and Mian Manzoor Ahmed Wattoo to the victims of Youhannabad incident. The delegation presented bouquets to the victims and prayed
Published 19 Mar, 2015 12:00am
Rubber down

Rubber down

Benchmark Tokyo rubber futures edged lower on Wednesday as renewed falls in oil prices and weaker Shanghai rubber futures outweighed declining rubber inventories at Japanese ports, dealers said. The Tokyo Commodity Exchange (TOCOM) rubber contract for Aug
Published 19 Mar, 2015 12:00am
Shanghai copper falls

Shanghai copper falls

The most-traded May copper contract on the Shanghai Futures Exchange slid 2.4 percent to 41,620 yuan ($6,675) a tonne on Wednesday. Prices touched their lowest in four sessions. China consumer demand remains tepid a month after the Lunar New Year, while s
Published 19 Mar, 2015 12:00am
Copper takes biggest fall since January

Copper takes biggest fall since January

Copper took its biggest fall since late January on Wednesday, weighed down by economic weakness in top consumer China and expectations the Federal Reserve will prepare the ground for an increase in US interest rates. Other metals slid to fresh lows as inv
Published 19 Mar, 2015 12:00am
Gold hits four-month low in New York

Gold hits four-month low in New York

Gold fell to a four-month low in volatile dealings on Tuesday, on investor jitters ahead of a Federal Reserve policy meeting that may offer further clues to support expectations of a mid-2015 rise in US interest rates. Spot gold fell as low as $1,142.86 a
Published 19 Mar, 2015 12:00am
Gold slips in Asia

Gold slips in Asia

Gold dropped to near its lowest in more than four months on Wednesday, reflecting caution ahead of the conclusion of a Federal Reserve meeting that may stoke expectations for a mid-year hike in US interest rates. Many expect the Fed officials, who started
Published 19 Mar, 2015 12:00am
Gold steadies in Europe

Gold steadies in Europe

Gold prices were steady on Wednesday, staying near four-month lows, as investors remained cautious pending the conclusion of a Federal Reserve meeting that may stoke expectations for a mid-yeaar rise in US interest rates. US Fed officials started a two-da
Published 19 Mar, 2015 12:00am
US MIDDAY: soyabeans rise; corn and wheat fall

US MIDDAY: soyabeans rise; corn and wheat fall

US soyabean futures edged higher on Wednesday on a round of bargain buying and short-covering after prices fell near five-month lows on Tuesday, traders said. Corn and wheat were lower, weighed down by plentiful global supplies and weakening export demand
Published 19 Mar, 2015 12:00am
US MIDDAY: gold surges over two percent

US MIDDAY: gold surges over two percent

Gold prices surged more than 2 percent early on Wednesday, on track for the biggest rally since January after the Federal Reserve signalled a more cautious outlook for US economic growth, and the dollar tumbled. The Fed opened the door further for an inte
Published 19 Mar, 2015 12:00am
Brent oil jumps five percent, US crude up three percent

Brent oil jumps five percent, US crude up three percent

Oil prices jumped as much as 5 percent on Wednesday as the dollar fell after the Federal Reserve indicated it preferred a more gradual path to normalising US interest rates despite being open to the first rate hike in almost a decade. Benchmark Brent oil
Published 19 Mar, 2015 12:00am
APTMA rejects inclusion of unaccounted for expenses in FPA for January

APTMA rejects inclusion of unaccounted for expenses in FPA for January

All Pakistan Textile Mills Association (APTMA) has rejected the incorporation of unaccounted for expenses in the Fuel Price Adjustment for the month of January 2015. While participating the National Electric Power Regulatory Authority (Nepra) hearing on W
Published 19 Mar, 2015 12:00am
MQM's predicament

MQM's predicament

The Rangers' raid on Nine Zero last week followed now by registration of a case against Altaf Hussain on terrorism charges by the paramilitary force has brought the Muttahida Qaumi Movement at the crossroads, presenting it both an opportunity to burnish i
Published 19 Mar, 2015 12:00am
LSE index falls by 163.34 points

LSE index falls by 163.34 points

The LSE-25 index fell by 163.34 points to 5553.32 against 5716.66 of Tuesday while the transaction volume increased from the previous one of 641,800 shares to 1.403 million shares. The market resumed trading on a mixed note and stayed range-bound almost t
Published 19 Mar, 2015 12:00am
Execution of Saulat, Shafqat stayed

Execution of Saulat, Shafqat stayed

President Mamnoon Hussain on late Wednesday night stayed executions of Saulat Mirza, the MQM worker who killed the then managing director of former Karachi Electric Supply Company (KESC) Shahid Hamid, and a 'juvenile' convict Shafqat Hussain sentenced to
Published 19 Mar, 2015 12:00am
Execution of Saulat, Shafqat stayed

Execution of Saulat, Shafqat stayed

President Mamnoon Hussain on late Wednesday night stayed executions of Saulat Mirza, the MQM worker who killed the then managing director of former Karachi Electric Supply Company (KESC) Shahid Hamid, and a 'juvenile' convict Shafqat Hussain sentenced to
Published 19 Mar, 2015 12:00am
No choking as South Africa reach World Cup semi-finals

No choking as South Africa reach World Cup semi-finals

South Africa stormed into the World Cup semi-finals Wednesday with a nine-wicket rout of Sri Lanka which brought the curtain down on the ODI careers of Kumar Sangakkara and Mahela Jayawardene. Off-spinner JP Duminy (3-29) took a hat-trick and leg-spinner
Published 19 Mar, 2015 12:00am
No choking as South Africa reach World Cup semi-finals

No choking as South Africa reach World Cup semi-finals

South Africa stormed into the World Cup semi-finals Wednesday with a nine-wicket rout of Sri Lanka which brought the curtain down on the ODI careers of Kumar Sangakkara and Mahela Jayawardene. Off-spinner JP Duminy (3-29) took a hat-trick and leg-spinner
Published 19 Mar, 2015 12:00am
Aviation policy may be approved today

Aviation policy may be approved today

The Economic Co-ordination Committee (ECC) of Cabinet scheduled for today (Thursday) is likely to approve much-delayed National Aviation Policy 2015. Sources said that the present government's vision on aviation envisaged the unfolding of a national polic
Published 19 Mar, 2015 12:00am
Aviation policy may be approved today

Aviation policy may be approved today

The Economic Co-ordination Committee (ECC) of Cabinet scheduled for today (Thursday) is likely to approve much-delayed National Aviation Policy 2015. Sources said that the present government's vision on aviation envisaged the unfolding of a national polic
Published 19 Mar, 2015 12:00am
Aviation policy may be approved today

Aviation policy may be approved today

The Economic Co-ordination Committee (ECC) of Cabinet scheduled for today (Thursday) is likely to approve much-delayed National Aviation Policy 2015. Sources said that the present government''s vision on aviation envisaged the unfolding of a national poli
Published 19 Mar, 2015 12:00am
Imran advised to hold intraparty elections

Imran advised to hold intraparty elections

Pakistan Tehreek-e-Insaf (PTI) election tribunal headed by former Justice Wajihuddin Ahmed on Wednesday asked party chairman Imran Khan to dissolve party's core committee and hold new intraparty elections. In an inquiry report submitted to Imran Khan, the
Published 19 Mar, 2015 12:00am
Imran advised to hold intraparty elections

Imran advised to hold intraparty elections

Pakistan Tehreek-e-Insaf (PTI) election tribunal headed by former Justice Wajihuddin Ahmed on Wednesday asked party chairman Imran Khan to dissolve party's core committee and hold new intraparty elections. In an inquiry report submitted to Imran Khan, the
Published 19 Mar, 2015 12:00am
DGTO removed from position

DGTO removed from position

Commerce Ministry has reportedly removed Director General Trade Organisations (DGTO) Sajid Hussain from his position for committing financial malfeasance, well-informed sources told Business Recorder. Prime Minister Nawaz Sharif recently approved d
Published 19 Mar, 2015 12:00am
DGTO removed from position

DGTO removed from position

Commerce Ministry has reportedly removed Director General Trade Organisations (DGTO) Sajid Hussain from his position for committing financial malfeasance, well-informed sources told Business Recorder. Prime Minister Nawaz Sharif recently approved d
Published 19 Mar, 2015 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 19 Mar, 2015 12:00am
DGTO removed from position

DGTO removed from position

Commerce Ministry has reportedly removed Director General Trade Organisations (DGTO) Sajid Hussain from his position for committing financial malfeasance, well-informed sources told Business Recorder. Prime Minister Nawaz Sharif recently approved d
Published 19 Mar, 2015 12:00am
Netanyahu sweeps to surprise election win

Netanyahu sweeps to surprise election win

Benjamin Netanyahu swept to a stunning election victory on Wednesday, securing a third straight term for an Israeli leader who has deepened tensions with the Palestinians and infuriated key ally Washington. After a closely-fought campaign, Netanyahu's rig
Published 19 Mar, 2015 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 19 Mar, 2015 12:00am
Netanyahu sweeps to surprise election win

Netanyahu sweeps to surprise election win

Benjamin Netanyahu swept to a stunning election victory on Wednesday, securing a third straight term for an Israeli leader who has deepened tensions with the Palestinians and infuriated key ally Washington. After a closely-fought campaign, Netanyahu's rig
Published 19 Mar, 2015 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 19 Mar, 2015 12:00am
IMF meeting on March 27

IMF meeting on March 27

The International Monetary Fund (IMF) has scheduled its Executive Board meeting for March 27 (Friday) on sixth review under the Extended Fund Facility (EFF) and modification of performance criteria. On Wednesday, the Fund updated the IMF Executive Board c
Published 19 Mar, 2015 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 19 Mar, 2015 12:00am
IMF meeting on March 27

IMF meeting on March 27

The International Monetary Fund (IMF) has scheduled its Executive Board meeting for March 27 (Friday) on sixth review under the Extended Fund Facility (EFF) and modification of performance criteria. On Wednesday, the Fund updated the IMF Executive Board c
Published 19 Mar, 2015 12:00am
IMF meeting on March 27

IMF meeting on March 27

The International Monetary Fund (IMF) has scheduled its Executive Board meeting for March 27 (Friday) on sixth review under the Extended Fund Facility (EFF) and modification of performance criteria. On Wednesday, the Fund updated the IMF Executive Board c
Published 19 Mar, 2015 12:00am
NA-246: PTI-MQM contest expected

NA-246: PTI-MQM contest expected

Nominations for by-elections in NA-246 are being filed by the candidates; the seat fell vacant following the resignation of Nabeel Gabol. MQM's Kanwar Naveed Jamil, Aslam Shah and Seema Zareen have filed their nomination papers, while Imran Ismail is like
Published 19 Mar, 2015 12:00am
NA-246: PTI-MQM contest expected

NA-246: PTI-MQM contest expected

Nominations for by-elections in NA-246 are being filed by the candidates; the seat fell vacant following the resignation of Nabeel Gabol. MQM's Kanwar Naveed Jamil, Aslam Shah and Seema Zareen have filed their nomination papers, while Imran Ismail is like
Published 19 Mar, 2015 12:00am
Seven killed, 41 injured in Afghan truck bomb

Seven killed, 41 injured in Afghan truck bomb

A Taliban truck bomb targeting senior provincial officials Wednesday killed at least seven civilians and wounded around 40 in southern Afghanistan, where the military has been battling insurgents since last month, officials said. The suicide bomber detona
Published 19 Mar, 2015 12:00am
Bokhari appointed MD & CEO PPL

Bokhari appointed MD & CEO PPL

Government of Pakistan appointed Syed Wamiq Bokhari as Managing Director and Chief Executive Officer of Pakistan Petroleum Limited with effect from March 16, in place of Secretary Petroleum Arshad Mirza, who held additional charge since July 8, 2014. A se
Published 19 Mar, 2015 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (March 18, 2015).

Published 19 Mar, 2015 12:00am
Bokhari appointed MD & CEO PPL

Bokhari appointed MD & CEO PPL

Government of Pakistan appointed Syed Wamiq Bokhari as Managing Director and Chief Executive Officer of Pakistan Petroleum Limited with effect from March 16, in place of Secretary Petroleum Arshad Mirza, who held additional charge since July 8, 2014. A se
Published 19 Mar, 2015 12:00am
Bokhari appointed MD & CEO PPL

Bokhari appointed MD & CEO PPL

Government of Pakistan appointed Syed Wamiq Bokhari as Managing Director and Chief Executive Officer of Pakistan Petroleum Limited with effect from March 16, in place of Secretary Petroleum Arshad Mirza, who held additional charge since July 8, 2014. A se
Published 19 Mar, 2015 12:00am
Shares of RAK: Company allowed to make equity-based investment

Shares of RAK: Company allowed to make equity-based investment

The Economic Co-ordination Committee (ECC) of the Cabinet has allowed Ghani Glass Limited to make an equity-based investment to buy additional shares of Ras Al-Khaima (RAK), the UAE. Sources said that Ghani Glass Limited, which currently has 37.40 percent
Published 19 Mar, 2015 12:00am
Shares of RAK: Company allowed to make equity-based investment

Shares of RAK: Company allowed to make equity-based investment

The Economic Co-ordination Committee (ECC) of the Cabinet has allowed Ghani Glass Limited to make an equity-based investment to buy additional shares of Ras Al-Khaima (RAK), the UAE. Sources said that Ghani Glass Limited, which currently has 37.40 percent
Published 19 Mar, 2015 12:00am
Shares of RAK: Company allowed to make equity-based investment

Shares of RAK: Company allowed to make equity-based investment

The Economic Co-ordination Committee (ECC) of the Cabinet has allowed Ghani Glass Limited to make an equity-based investment to buy additional shares of Ras Al-Khaima (RAK), the UAE. Sources said that Ghani Glass Limited, which currently has 37.40 percent
Published 19 Mar, 2015 12:00am
THE RUPEE: all-round slides

THE RUPEE: all-round slides

The rupee fell against the dollar and euro on the local currency market on Wednesday in the process of trading, dealers said. The rupee shed 10-paisa in terms of the dollar for buying and selling at Rs 101.80 and Rs 101.83 respectively, they said.
Published 19 Mar, 2015 12:00am
Crucial meeting on oil theft postponed

Crucial meeting on oil theft postponed

A crucial meeting of Public Accounts Committee (PAC) convened to examine the fact-finding inquiry of Ministry of Petroleum and Natural Resources on crude oil pilferages at MOL - Pakistan Oil and Gas Company - was postponed on Wednesday. The committee susp
Published 19 Mar, 2015 12:00am
THE RUPEE: all-round slides

THE RUPEE: all-round slides

The rupee fell against the dollar and euro on the local currency market on Wednesday in the process of trading, dealers said. The rupee shed 10-paisa in terms of the dollar for buying and selling at Rs 101.80 and Rs 101.83 respectively, they said.
Published 19 Mar, 2015 12:00am
Crucial meeting on oil theft postponed

Crucial meeting on oil theft postponed

A crucial meeting of Public Accounts Committee (PAC) convened to examine the fact-finding inquiry of Ministry of Petroleum and Natural Resources on crude oil pilferages at MOL - Pakistan Oil and Gas Company - was postponed on Wednesday. The committee susp
Published 19 Mar, 2015 12:00am
Crucial meeting on oil theft postponed

Crucial meeting on oil theft postponed

A crucial meeting of Public Accounts Committee (PAC) convened to examine the fact-finding inquiry of Ministry of Petroleum and Natural Resources on crude oil pilferages at MOL - Pakistan Oil and Gas Company - was postponed on Wednesday. The committee susp
Published 19 Mar, 2015 12:00am
NYA delegation calls on President

NYA delegation calls on President

President Mamnoon Hussain commended young leaders for taking keen interest in National Youth Assembly which provides a model youth Parliament for country's future leaders. The President was talking to a delegation of National Youth Assembly (NYA) who call
Published 19 Mar, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (March 18, 2015).

Published 19 Mar, 2015 12:00am
Model Ayyan Ali confesses to concealing income

Model Ayyan Ali confesses to concealing income

Super model Ayyan Ali confessed before the Directorate General of Intelligence and Investigation (I&I) Inland Revenue (IR) Federal Board of Revenue (FBR) that she earned millions of rupees, but did not declare it in return or documents. On Wednesday, an e
Published 19 Mar, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (March 18, 2015).

Published 19 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 Wednesday (March 18, 2015).

Published 19 Mar, 2015 12:00am
NAB KP arrests alleged fraudster

NAB KP arrests alleged fraudster

National Accountability Bureau (NAB) Khyber Pakhtunkhwa on Wednesday arrested Qazi Muhammad Naeem of Islamic Investment Company Limited for alleged cheating public at large and looting million of rupees from people fraudulently in the garb of Islamic mode
Published 19 Mar, 2015 12:00am
KP holds first official Government-Citizen Forum

KP holds first official Government-Citizen Forum

The Department of Home and Tribal Affairs, Khyber Pakhtunkhwa Department (KP) of Home and Tribal Affairs held the first official Government Citizen Forum Wednesday in collaboration with the UK aid-funded Aitebaar Programme. The Government Citizen Forum is
Published 19 Mar, 2015 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (March 18, 2015)

Published 19 Mar, 2015 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Wednesday (March 18, 2015) and for Thursday (March 19, 2015).
Published 19 Mar, 2015 12:00am