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May 11, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-03-26
Pakistan Steel: PC pledging additional revenue through imposition of RD

Pakistan Steel: PC pledging additional revenue through imposition of RD

Chairman Privatisation Commission Muhammad Zubair has reportedly pledged to ensure a Rs 40 billion per annum additional revenue for Pakistan Steel Mills (PSM) through imposition of a Regulatory Duty instead of taking measures to stop leakages, well-inform
Published 26 Mar, 2015 12:00am
Former minister booked in sexual harassment case

Former minister booked in sexual harassment case

The city police Wednesday registered a case against former health minister Makhdoom Shahabuddin and his servants on the allegations of threatening and harassing a woman. A police official said that police registered a First Information Report (FIR) No 109
Published 26 Mar, 2015 12:00am
Member to Member

Member to Member

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

Published 26 Mar, 2015 12:00am
Body formed to ascertain possibility of oil theft

Body formed to ascertain possibility of oil theft

A parliamentary committee has been formed to ascertain the possibility of mega theft by three oil exploration and production companies. Public Accounts Committee (PAC) on Wednesday set up a three-member team of parliamentarians headed by Syed Naveed Qamar
Published 26 Mar, 2015 12:00am
Body formed to ascertain possibility of oil theft

Body formed to ascertain possibility of oil theft

A parliamentary committee has been formed to ascertain the possibility of mega theft by three oil exploration and production companies. Public Accounts Committee (PAC) on Wednesday set up a three-member team of parliamentarians headed by Syed Naveed Qamar
Published 26 Mar, 2015 12:00am
Body formed to ascertain possibility of oil theft

Body formed to ascertain possibility of oil theft

A parliamentary committee has been formed to ascertain the possibility of mega theft by three oil exploration and production companies. Public Accounts Committee (PAC) on Wednesday set up a three-member team of parliamentarians headed by Syed Naveed Qamar
Published 26 Mar, 2015 12:00am
Pakistan Steel: PC pledging additional revenue through imposition of RD

Pakistan Steel: PC pledging additional revenue through imposition of RD

Chairman Privatisation Commission Muhammad Zubair has reportedly pledged to ensure a Rs 40 billion per annum additional revenue for Pakistan Steel Mills (PSM) through imposition of a Regulatory Duty instead of taking measures to stop leakages, well-inform
Published 26 Mar, 2015 12:00am
THE RUPEE: firm trend

THE RUPEE: firm trend

Steadier trend was witnessed on the money market on Wednesday as the rupee moved cautiously versus the dollar in the process of trading, dealers said.
Published 26 Mar, 2015 12:00am
Pakistan Steel: PC pledging additional revenue through imposition of RD

Pakistan Steel: PC pledging additional revenue through imposition of RD

Chairman Privatisation Commission Muhammad Zubair has reportedly pledged to ensure a Rs 40 billion per annum additional revenue for Pakistan Steel Mills (PSM) through imposition of a Regulatory Duty instead of taking measures to stop leakages, well-inform
Published 26 Mar, 2015 12:00am
THE RUPEE: firm trend

THE RUPEE: firm trend

Steadier trend was witnessed on the money market on Wednesday as the rupee moved cautiously versus the dollar in the process of trading, dealers said.
Published 26 Mar, 2015 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 26 Mar, 2015 12:00am
Former minister booked in sexual harassment case

Former minister booked in sexual harassment case

The city police Wednesday registered a case against former health minister Makhdoom Shahabuddin and his servants on the allegations of threatening and harassing a woman. A police official said that police registered a First Information Report (FIR) No 109
Published 26 Mar, 2015 12:00am
Morsi, 24 others to be tried for insulting Egypt judiciary

Morsi, 24 others to be tried for insulting Egypt judiciary

Ousted Egyptian president Mohamed Morsi and 24 others, including prominent Islamists and secular figures, will go on trial May 23 for insulting the judiciary, a court official said Wednesday. The trial will be the fifth for Morsi, who faces the death sent
Published 26 Mar, 2015 12:00am
Morsi, 24 others to be tried for insulting Egypt judiciary

Morsi, 24 others to be tried for insulting Egypt judiciary

Ousted Egyptian president Mohamed Morsi and 24 others, including prominent Islamists and secular figures, will go on trial May 23 for insulting the judiciary, a court official said Wednesday. The trial will be the fifth for Morsi, who faces the death sent
Published 26 Mar, 2015 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 26 Mar, 2015 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 26 Mar, 2015 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 26 Mar, 2015 12:00am
Superpowers collide in Sydney semi-final blockbuster

Superpowers collide in Sydney semi-final blockbuster

Sparks can be expected to fly when confident, well-balanced teams from cricketing superpowers Australia and India clash in a mouth-watering World Cup semi-final at the Sydney Cricket Ground on Thursday. The match pits four-times champions Australia, the t
Published 26 Mar, 2015 12:00am
Superpowers collide in Sydney semi-final blockbuster

Superpowers collide in Sydney semi-final blockbuster

Sparks can be expected to fly when confident, well-balanced teams from cricketing superpowers Australia and India clash in a mouth-watering World Cup semi-final at the Sydney Cricket Ground on Thursday. The match pits four-times champions Australia, the t
Published 26 Mar, 2015 12:00am
Surrey confirm Pietersen return

Surrey confirm Pietersen return

English county Surrey on Wednesday confirmed the return of flamboyant batsman Kevin Pietersen, who is bidding to force his way back into the England team. Pietersen was axed by the England and Wales Cricket Board (ECB) in February last year, but incoming
Published 26 Mar, 2015 12:00am
Spin or seam? India confident of passing Sydney test

Spin or seam? India confident of passing Sydney test

India will go into Thursday's World Cup semi-final against Australia in Sydney confident of success irrespective of whether the wicket took turn or assisted fast bowlers, opener Rohit Sharma said. The wear and tear at the end of a long season was evident
Published 26 Mar, 2015 12:00am
Djokovic takes aim at March title double

Djokovic takes aim at March title double

World number one Novak Djokovic will try to put extra distance between himself and the chasing pack, taking confidence from his weekend title in California into the Miami Open. Djokovic won the Indian Wells trophy for a second consecutive year by beating
Published 26 Mar, 2015 12:00am
US urges companies to do more to fight cyber crime

US urges companies to do more to fight cyber crime

Cyber crime is probably the biggest risk facing companies across the world, and they need to do more to help governments tackle the problem, US Deputy Treasury Secretary Sarah Bloom Raskin said on Wednesday. "Each of us must recognise this risk is perhaps
Published 26 Mar, 2015 12:00am
Italy court told Knox conviction case perfect, ruling delayed

Italy court told Knox conviction case perfect, ruling delayed

An Italian prosecutor told the country's top court Wednesday that Amanda Knox's conviction for the sensational murder of British student Meredith Kercher was "beyond reproach". Mario Pinelli said there should be no doubt that Knox, an American, and her It
Published 26 Mar, 2015 12:00am
Mainstream Syrian rebels seize historic town in south

Mainstream Syrian rebels seize historic town in south

Insurgents have seized a historic town in southern Syria from the government, a group monitoring the war said on Wednesday, part of a rebel counter-attack to stop Damascus reclaiming the border zone near Israel and Jordan.
Published 26 Mar, 2015 12:00am
Nigeria tightens security before presidential polls

Nigeria tightens security before presidential polls

Nigeria ramped up security nation-wide on Wednesday before general elections this weekend, shutting land and sea borders and vowing to crack down hard on political unrest. Security has been to the fore for the presidential and parliamentary vote, with mil
Published 26 Mar, 2015 12:00am
Afghan leader vows new chapter in US ties

Afghan leader vows new chapter in US ties

Afghan President Ashraf Ghani professed deep gratitude to the American people Wednesday for their service and sacrifice in a protracted war in Afghanistan, but warned of extremism's persistent threat in a speech to US lawmakers. Addressing a rare joint me
Published 26 Mar, 2015 12:00am
Turkey to build monument for Japanese bridge suicide engineer

Turkey to build monument for Japanese bridge suicide engineer

A Turkish city is to build a monument to remember a Japanese engineer who committed suicide after blaming himself for the breaking of a cable on a major new bridge he was helping to construct, the local mayor said Wednesday. The body of Ryoichi Kishi was
Published 26 Mar, 2015 12:00am
Judges reject warlord Charles Taylor call for jail transfer

Judges reject warlord Charles Taylor call for jail transfer

Convicted Liberian ex-president Charles Taylor's request to be transferred from Britain to serve the remainder of a 50-year jail term in Africa has been denied, Sierra Leone's special tribunal announced on Wednesday. Taylor, 67, was transferred to the Fra
Published 26 Mar, 2015 12:00am
US multinationals set to face much more pain from strong dollar

US multinationals set to face much more pain from strong dollar

The surging value of the US dollar may be posing the biggest threat to US corporate earnings since the 2008 financial crisis, hurting results at most US-based multinationals. Some on Wall Street are even talking about an earnings recession. The dollar's g
Published 26 Mar, 2015 12:00am
Standard Bank metals chief leaving after 20 years

Standard Bank metals chief leaving after 20 years

Standard Bank Plc said on Wednesday its co-head of commodities, Jim Coupland, is leaving after two decades, during which he built one of the world's biggest metals banks. Coupland had gone on temporary leave for personal reasons, the bank said last month,
Published 26 Mar, 2015 12:00am
Pfizer hunts for new vaccines to protect young and old

Pfizer hunts for new vaccines to protect young and old

Pfizer is seeking new vaccine opportunities across the age spectrum as it broadens its portfolio by delivering shots into the arms of adolescents and the elderly, as well as infants. Previously reliant on just one vaccine, the blockbuster Prevnar, the US
Published 26 Mar, 2015 12:00am
US FOB Gulf corn export premiums steady

US FOB Gulf corn export premiums steady

Corn export premiums at the US Gulf Coast were steady on Tuesday, capped by slow export demand and adequate supplies following a pickup in farmer selling this week and seasonally rising corn barge shipments, traders said. Soyabean export premiums were ste
Published 26 Mar, 2015 12:00am
Cotton market: spot rate gains as demand outstrips supply of fine type

Cotton market: spot rate gains as demand outstrips supply of fine type

Prices improved on the cotton market on Wednesday as the ginners showed reluctance in selling of little unsold stock of fine quality, dealers said. The official spot rate picked up by Rs 50 to Rs 5100, dealers said. In the ready session, around 6,000 bale
Published 26 Mar, 2015 12:00am
Oil cake market rates

Oil cake market rates

The March vaida was up and the May contract was unchanged on the forward cottonseed oilcake market on Wednesday in the process of trading, dealers said. The March vaida closed at Rs 1424.40 on Tuesday and it commenced with a rise of 30 paisa at Rs 1424.70
Published 26 Mar, 2015 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 131,794 tonnes of cargo comprising 112,337 tonnes of import cargo and 19,457 tonnes of export cargo including 4,795 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of
Published 26 Mar, 2015 12:00am
CBOT wheat futures down 2pc

CBOT wheat futures down 2pc

Wheat futures on the Chicago Board of Trade fell 2 percent on Tuesday, pressured by profit-taking after a four-session rally and an upturn in the dollar, which makes US grains less attractive on the world market, traders said. Wheat also lost ground versu
Published 26 Mar, 2015 12:00am
Lean business on grain market

Lean business on grain market

A few changes were seen on the wholesale grain market on Wednesday in the process of trading, dealers said. On the seeds side, Nawabshah old low type dropped by Rs 50 to Rs 1650 and the best quality was down by Rs 75 to Rs 1675, cottonseeds oilcake with b
Published 26 Mar, 2015 12:00am
Canadian canola futures higher

Canadian canola futures higher

ICE Canadian canola futures rose slightly on Tuesday, supported by routine buying from exporters. Market seen stuck in tight trading range, leading to thin volume. May canola gained 20 cents at $462.70 per tonne. July canola added $1.20 at $460.30 per ton
Published 26 Mar, 2015 12:00am
US MIDDAY: gold surges

US MIDDAY: gold surges

Gold hit 2-1/2-week highs early on Wednesday, rising for the sixth straight session as upbeat German sentiment data helped drive the euro higher against the dollar, and as expectations for an imminent US interest rate rise receded. The euro was up 0.4 per
Published 26 Mar, 2015 12:00am
US MIDDAY: wheat falls, corn up

US MIDDAY: wheat falls, corn up

US wheat fell for the third straight session on Wednesday, pressured by technical selling and forecasts for rains needed in the parched southern US Plains growing region. But prices trimmed their losses while both corn and soyabean futures edged higher in
Published 26 Mar, 2015 12:00am
Gold hits 2-1/2-week highs in Europe

Gold hits 2-1/2-week highs in Europe

Gold hit 2-1/2 week highs on Wednesday as upbeat German sentiment data and weaker than expected US durable goods numbers drove the euro higher against the dollar and as expectations for an imminent US interest rate rise receded.
Published 26 Mar, 2015 12:00am
Gold down in Asia

Gold down in Asia

Gold edged lower on Wednesday after a five-day rally, but stayed close to a 2-1/2-week high on growing expectations the US Federal Reserve would not raise interest rates until September. Spot gold had eased 0.2 percent to $1,190.90 an ounce by 0737 GMT, b
Published 26 Mar, 2015 12:00am
Gold rises in New York

Gold rises in New York

Gold rose to a 2-1/2 week high on Tuesday, rising for the fifth straight session on growing expectations that a US interest rate increase could be pushed to September. Spot gold climbed to its highest level since March 6 at $1,195.30 an ounce before parin
Published 26 Mar, 2015 12:00am
Oil up 3 percent on weak dollar, speculative buying

Oil up 3 percent on weak dollar, speculative buying

Oil settled up about 3 percent on Wednesday as a weak dollar, fighting in Yemen and speculative buying boosted crude prices in spite of US inventories building to record highs for an 11th week. The dollar fell after disappointing US durable goods orders f
Published 26 Mar, 2015 12:00am
Arabica coffee rallies

Arabica coffee rallies

Arabica coffee futures on ICE jumped nearly 4 percent on Wednesday, buoyed by the weak US dollar and a forecast for falling supplies in top grower Brazil, while raw sugar futures turned higher after hitting a 6-year low. Cocoa futures were little changed
Published 26 Mar, 2015 12:00am
Wheat tumbles two percent

Wheat tumbles two percent

US wheat tumbled as much as 2 percent on Tuesday as investors took profits after the previous session's five-week high and extended weather outlooks showed the possibility of crop-friendly rains in the United States and Russia. Soyabean futures also were
Published 26 Mar, 2015 12:00am
Rubber down

Rubber down

Benchmark Tokyo rubber futures fell on Wednesday for the first time in three sessions, hit by profit-taking after prices hit a near three-week high a day earlier, dealers said. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber p
Published 26 Mar, 2015 12:00am
Palm oil soars

Palm oil soars

Malaysian palm oil futures rose on Wednesday as export volumes from the No2 producer recorded an improvement for the first time in three months, but persistent worries about the outlook for global demand kept a lid on gains. Data from Intertek Testing Ser
Published 26 Mar, 2015 12:00am
Copper dips, nickel hit by record stocks

Copper dips, nickel hit by record stocks

Copper prices slipped on Wednesday as some investors sold to lock in recent gains while nickel also fell after inventories hit an all-time peak. A retreat in the dollar has helped fuel gains in base metals over the past week with copper surging more than
Published 26 Mar, 2015 12:00am
Shanghai copper slips

Shanghai copper slips

The most-traded June copper contract on the Shanghai Futures Exchange also slipped 0.5 percent to end at 43,680 yuan ($70,095) a tonne on Wednesday. Reflecting the subdued demand, front-month Shanghai futures prices were trading almost level with benchmar
Published 26 Mar, 2015 12:00am
ICE cotton falls as higher prices continue to discourage buying

ICE cotton falls as higher prices continue to discourage buying

ICE cotton fell on Wednesday as a US government report showed an increase in cotton ginnings from the prior reporting period, and as a run-up in prices late last week and early this week drove buyers out of the market. The front-month May cotton contract
Published 26 Mar, 2015 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 26 Mar, 2015 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 26 Mar, 2015 12:00am
LNG deal elusive?

LNG deal elusive?

Qatari Emir Sheikh Tamim bin Hammad al Thani's arrival in Pakistan amidst much fanfare on the Pakistan Day ended on a note of embarrassment for the government of Pakistan as no final agreement was inked for import of LNG. The embarrassment was a direct ou
Published 26 Mar, 2015 12:00am
Fazlullah is dead?

Fazlullah is dead?

Tehreek-e-Taliban Pakistan chief Mullah Fazlullah is believed to be among some 120 militants killed during the last couple of days in the air-and-ground launched Operation Khyber-II in Pak-Afghan border region. Media, both national and foreign, have repor
Published 26 Mar, 2015 12:00am
VIEWPOINT: Yemen on the brink

VIEWPOINT: Yemen on the brink

Yemen is on the verge of a civil war, threatening to go Syria's way. The Shia Houthis who seized control of the capital Sana'a last September seeking, unsuccessfully, a power sharing agreement with President Abd Rabbuh Mansur Hadi are now advancing toward
Published 26 Mar, 2015 12:00am
Considerations in international taxation

Considerations in international taxation

In international arena there is insignificant co-ordination among tax systems. Each state enacts its own laws and structures. As regards direct taxation there is a network of double taxation treaties; but on the whole, diversity prevails.1 Thus resource a
Published 26 Mar, 2015 12:00am
Cheap eurozone takeaway fuels Chinese appetites

Cheap eurozone takeaway fuels Chinese appetites

The inexorable decline of the single currency offers ambitious Chinese firms a bargain buffet of eurozone business, analysts say, with this weekend's multibillion deal for Italian tyremaker Pirelli only the latest course in an acquisition binge.
Published 26 Mar, 2015 12:00am
Bright prospects of AIIB

Bright prospects of AIIB

Business Recorder editorial 'China's AIIB challenge' carried by it yesterday, though unexpected, was apropos. The write-up reminds the reader of the rising prowess of the emerging economies, particularly China's. Beijing seems to have created an id
Published 26 Mar, 2015 12:00am
Shezan International

Shezan International

Shezan has always been a household name in Pakistan. From its mango presence on the map of FMCG companies in Pakistan. Shezan was incorporated in 1964 as a joint venture between Alliance Industrial Development Corporation (AIDC) of United States and Shahn
Published 26 Mar, 2015 12:00am
Shezan International

Shezan International

Shezan has always been a household name in Pakistan. From its mango presence on the map of FMCG companies in Pakistan. Shezan was incorporated in 1964 as a joint venture between Alliance Industrial Development Corporation (AIDC) of United States and Shahn
Published 26 Mar, 2015 12:00am
Insurance companies: SECP proposes new paid-up capital requirement

Insurance companies: SECP proposes new paid-up capital requirement

The minimum paid-up capital requirement for insurance companies, desirous of registration with the Securities and Exchange Commission of Pakistan (SECP) for carrying out insurance business, has been proposed to be fixed at Rs 500 million for life-insurers
Published 26 Mar, 2015 12:00am
Insurance companies: SECP proposes new paid-up capital requirement

Insurance companies: SECP proposes new paid-up capital requirement

The minimum paid-up capital requirement for insurance companies, desirous of registration with the Securities and Exchange Commission of Pakistan (SECP) for carrying out insurance business, has been proposed to be fixed at Rs 500 million for life-insurers
Published 26 Mar, 2015 12:00am
US and Pak joint military drills in October likely

US and Pak joint military drills in October likely

The US Central Command has said that the United States and Pakistan will conduct a range of joint military exercises starting in autumn this year. According to policy documents, the two countries have more than 100 engagements and exercises planned. The j
Published 26 Mar, 2015 12:00am
NAB KP arrests PHED officials

NAB KP arrests PHED officials

National Accountability Bureau (NAB) Khyber Pakhtunkhwa on Wednesday arrested Omer Hayat and Abdullah Sub-Engineers of Public Health Engineering Department (PHED) Nowshera allegedly involved in purchasing of Sub-standard transformers at exorbitant rates a
Published 26 Mar, 2015 12:00am
KP surrenders legislation on printing, publication to Parliament

KP surrenders legislation on printing, publication to Parliament

Khyber Pakhtunkhwa Assembly has passed a unanimous resolution asking the Majlis-e-Shoora (Parliament) for making legislation on error-free printing and publication of Gazetted material. The resolution was moved in pursuance of Article 144 of the constitut
Published 26 Mar, 2015 12:00am
Message from Chief Justice (Retd), President, Pakistan Bangladesh Forum

Message from Chief Justice (Retd), President, Pakistan Bangladesh Forum

On behalf of Pakistan Bangladesh Forum I offer my heartiest felicitation to the people of Bangladesh on the auspicious occasion of the 44th Independence Day of People's Republic of Bangladesh. Historically the people of Bangladesh alongside the Muslims of
Published 26 Mar, 2015 12:00am
Message from Chairman, Pakistan Bangladesh Forum

Message from Chairman, Pakistan Bangladesh Forum

Living in a world that has become increasingly global, nations are interconnecting on a greater scale. Pakistan and Bangladesh are two independent nations but the fact that we have "complementary" economies can be used to our advantage by further developi
Published 26 Mar, 2015 12:00am
Achievements of Bangladesh

Achievements of Bangladesh

Though small and still developing, Bangladesh has attained international recognition for its achievement of positive changes in both social and economic indicators. In terms of Millennium Development Goals, Bangladesh has achieved remarkable progress in t
Published 26 Mar, 2015 12:00am
Revival of economy top priority, says Prime Minister

Revival of economy top priority, says Prime Minister

Prime Minister Nawaz Sharif on Wednesday said that the ongoing operation in Karachi is aimed at eliminating of militias engaged in criminal activities. Addressing the Karachi Stock Exchange's Top Companies Awards distribution ceremony here, he said "reviv
Published 26 Mar, 2015 12:00am
Education system in Bangladesh

Education system in Bangladesh

The education system and structure of Bangladesh constitutes of three major stages-primary, secondary and higher education. Primary education is a 5-year cycle while secondary education is a 7- year one with three sub-stages: 3 years of junior secondary,
Published 26 Mar, 2015 12:00am
Revival of economy top priority, says Prime Minister

Revival of economy top priority, says Prime Minister

Prime Minister Nawaz Sharif on Wednesday said that the ongoing operation in Karachi is aimed at eliminating of militias engaged in criminal activities. Addressing the Karachi Stock Exchange's Top Companies Awards distribution ceremony here, he said "reviv
Published 26 Mar, 2015 12:00am
Know Bangladesh

Know Bangladesh

Bangladesh is Located in the north-eastern part of South Asia. The majestic Himalayas stand some distance to the north, while in the south lays the Bay of Bengal. West Bengal borders on the west and in the east lies the hilly and forested regions of Tripu
Published 26 Mar, 2015 12:00am
Revival of economy top priority, says Prime Minister

Revival of economy top priority, says Prime Minister

Prime Minister Nawaz Sharif on Wednesday said that the ongoing operation in Karachi is aimed at eliminating of militias engaged in criminal activities. Addressing the Karachi Stock Exchange''s Top Companies Awards distribution ceremony here, he said "revi
Published 26 Mar, 2015 12:00am
Economy on path of stability: Dar

Economy on path of stability: Dar

Federal minister for Finance Mohammad Ishaq Dar on Wednesday said Pakistan's economy has achieved position of stability. "Pakistan of today is far better than what it was in May 2013," Dar said while addressing an award ceremony here at Karachi Stock Exch
Published 26 Mar, 2015 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 26 Mar, 2015 12:00am
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