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Print - 2015-03-27
Pak-Japan Bilateral Political Consultations held in Tokyo

Pak-Japan Bilateral Political Consultations held in Tokyo

The ninth round of Pakistan-Japan Bilateral Political Consultations was held in Tokyo and reviewed the entire spectrum of bilateral relations including political, economic and investment co-operation. Foreign Secretary Aizaz Ahmad Chaudhry and Deputy Fore
Published 27 Mar, 2015 12:00am
EFU Life gets KSE Top Companies Award

EFU Life gets KSE Top Companies Award

EFU Life Assurance Limited, a leading private sector life insurance company in the country, has been honoured for its excellent performance at Karachi Stock Exchange (KSE) Top Companies Awards Ceremony for the year 2013. Taher G. Sachak, CEO & MD of EFU L
Published 27 Mar, 2015 12:00am
EFU Life gets KSE Top Companies Award

EFU Life gets KSE Top Companies Award

EFU Life Assurance Limited, a leading private sector life insurance company in the country, has been honoured for its excellent performance at Karachi Stock Exchange (KSE) Top Companies Awards Ceremony for the year 2013. Taher G. Sachak, CEO & MD of EFU L
Published 27 Mar, 2015 12:00am
Speakers discuss women's rights

Speakers discuss women's rights

Women officers of Pakistan International Airlines (PIA) on Thursday stressed the need of protecting women rights in Pakistan. These views were expressed at an event organised by PIA women officers to celebrate International Women's Day here on Thursday.
Published 27 Mar, 2015 12:00am
Rangers decide to remove barricades around Bilawal House

Rangers decide to remove barricades around Bilawal House

The Rangers have decided to remove all barricades placed outside and around Bilawal House as part of their city-wide measure to rid streets of all such barriers. Rangers are of the view that such barriers hinder law enforcement agencies from their targete
Published 27 Mar, 2015 12:00am
PACRA assigns PQGTL's IFS rating as "A"

PACRA assigns PQGTL's IFS rating as "A"

The Pakistan Credit Rating Agency (PACRA) has assigned the Insurer Financial Strength (IFS) rating of Pak-Qatar General Takaful Limited (PQGTL) "A" (Single A) with Stable Outlook. The rating denotes strong capacity to meet policyholders and contract oblig
Published 27 Mar, 2015 12:00am
PACRA assigns PQGTL's IFS rating as "A"

PACRA assigns PQGTL's IFS rating as "A"

The Pakistan Credit Rating Agency (PACRA) has assigned the Insurer Financial Strength (IFS) rating of Pak-Qatar General Takaful Limited (PQGTL) "A" (Single A) with Stable Outlook. The rating denotes strong capacity to meet policyholders and contract oblig
Published 27 Mar, 2015 12:00am
Tax collection: MCCs to stay open on March 31

Tax collection: MCCs to stay open on March 31

The Federal Board of Revenue (FBR) has announced that all the Model Customs Collectorates will remain open till 9 pm on March 31 (Tuesday) for collection of duties/taxes. In this regard, the FBR has issued instructions to all MCCs here on Thursday regardi
Published 27 Mar, 2015 12:00am
Power sector projects: Xi likely to arrive on April 10

Power sector projects: Xi likely to arrive on April 10

Chinese President Xi Jinping is expected to visit Pakistan on April 10, 2015 to witness the signing ceremonies of different projects, including power sector projects. Well-informed sources told Business Recorder that the major issues with regard to
Published 27 Mar, 2015 12:00am
American matrimonial platform online launched

American matrimonial platform online launched

The American-based matrimonial platform online has been launched in Pakistan. An Initiative of Florida-based Noble Education Foundation, United States, NikahExplorer.com tends to be the leading online matrimonial platform offering its users the fastest an
Published 27 Mar, 2015 12:00am
Lifebouy receives accreditation from RSPH

Lifebouy receives accreditation from RSPH

Lifebuoy received an accreditation from the Royal Society for Public Health's (RSPH) recently. The accreditation recognises Lifebuoy's hygiene education efforts with respect to hand washing with soap as a disease-prevention measure.
Published 27 Mar, 2015 12:00am
Hascol BoD recommends bonus shares in addition to interim dividend

Hascol BoD recommends bonus shares in addition to interim dividend

The Board of Directors of Hascol Petroleum Limited in their meeting held on 25th March 2015 has approved the annual accounts of the company for the year ended 31st December 2014 and recommended to issue bonus shares in the proportion of 1.1 shares for eve
Published 27 Mar, 2015 12:00am
Hascol BoD recommends bonus shares in addition to interim dividend

Hascol BoD recommends bonus shares in addition to interim dividend

The Board of Directors of Hascol Petroleum Limited in their meeting held on 25th March 2015 has approved the annual accounts of the company for the year ended 31st December 2014 and recommended to issue bonus shares in the proportion of 1.1 shares for eve
Published 27 Mar, 2015 12:00am
Pakistan calls for evolving strategy to defeat terrorism

Pakistan calls for evolving strategy to defeat terrorism

Pakistan has underscored the need for evolving a counter narrative to defeat the twisted ideology and violence of terrorists. Pakistan's permanent representative at the United Nations Ambassador Maleeha Lodhi, speaking in an open debate at the Security Co
Published 27 Mar, 2015 12:00am
Intel holds discussion on 'Closing the Gender Technology Gap'

Intel holds discussion on 'Closing the Gender Technology Gap'

"Technology brought peace to my community," said CEO, Manzil Foundation, Shazia Mirza, who runs charity schools in the city's slum, believing that a rapid change in education for poor is possible through the internet.
Published 27 Mar, 2015 12:00am
NAB arranges anti-corruption awareness campaign for women

NAB arranges anti-corruption awareness campaign for women

National Accountability Bureau (NAB) Karachi arranged a get together of a panel of eminent female scholars on the topic "Role of Women (Future Mothers) in Anti Corruption Awareness Campaign" on March 26, in NAB Karachi office premises.
Published 27 Mar, 2015 12:00am
SHC terms hepatitis drug's purchase process illegal

SHC terms hepatitis drug's purchase process illegal

A single-member bench of the Sindh High Court (SHC), comprising Justice Mohammad Shafi Siddiqui, through an order on Thursday overthrew the decision by the provincial health authorities to purchase costly hepatitis drug from two multinational companies (M
Published 27 Mar, 2015 12:00am
Karachi peace: Sindh chief minister claims credit

Karachi peace: Sindh chief minister claims credit

Sindh Chief Minister Qaim Ali Shah has lauded police and Rangers for maintaining peace in the province, saying his government is providing better facilities to the forces. Talking to media here on Thursday, the CM said Karachi operation has brought good r
Published 27 Mar, 2015 12:00am
APTMA terms refund on account of FAC 'insufficient'

APTMA terms refund on account of FAC 'insufficient'

Rejecting the National Electric Power Regulatory Authority's (Nepra) decision of refunding a meager amount of Re 0.81, per unit, to the consumers of K-Electric on account of fuel price adjustment charges for January, 2015, Chairman of All-Pakistan Textile
Published 27 Mar, 2015 12:00am
TCS, DIB sign agreement

TCS, DIB sign agreement

TCS has signed a Corporate Financing Agreement with Dubai Islamic Bank (Pakistan) Ltd worth Rs 600 million which includes short-term working capital, fleet financing, and car financing facilities for TCS employees. The overall arrangement and delivery of
Published 27 Mar, 2015 12:00am
Standard Chartered launches country's first digital branch

Standard Chartered launches country's first digital branch

Standard Chartered Bank has gone one step ahead in its drive to go digital, by launching the country's first digital branch at Dolmen Mall, Karachi. This branch offers an unprecedented ambience by pioneering the best-in-class digital capabilities in the P
Published 27 Mar, 2015 12:00am
Yuan firms on weak dollar

Yuan firms on weak dollar

China's yuan firmed on Thursday as expectations grew that the dollar's weakness has more room to run in the wake of some tepid US data, though brewing tensions in the Middle East capped gains. Risk appetite took a knock from news Saudi Arabia and some of
Published 27 Mar, 2015 12:00am
Dollar drifts lower in Asia

Dollar drifts lower in Asia

The US dollar ground lower in small ranges on Thursday, edging towards a four-week low against the yen in the wake of disappointing US data that suggested the greenback's recent rally is on ice for now. News that Saudi Arabia and its Gulf Arab allies had
Published 27 Mar, 2015 12:00am
Gulf worries drive yen, Swiss franc higher in Europe

Gulf worries drive yen, Swiss franc higher in Europe

The dollar sank to a five-week low against the yen on Thursday, hit by the combination of another round of weaker-than-expected US data and a bid for traditional safe havens by investors worried about stock markets and Gulf oil supplies. News that Saudi A
Published 27 Mar, 2015 12:00am
Dollar slips against majors in New York

Dollar slips against majors in New York

The US dollar fell against a basket of major currencies on Wednesday after weaker-than-expected US economic data combined with a robust survey of German business morale to drive more unwinding of bullish dollar bets.
Published 27 Mar, 2015 12:00am
Risk aversion weighs on Asia FX

Risk aversion weighs on Asia FX

Most emerging Asian currencies eased on Thursday as military action against rebels in Yemen and losses on Wall Street undermined risk sentiment. The South Korean won fell as foreign exchange authorities were spotted intervening to curb its strength, trade
Published 27 Mar, 2015 12:00am
Sri Lankan rupee forwards rise

Sri Lankan rupee forwards rise

Sri Lankan rupee forwards edged up on Thursday, with one-week forwards rising for the first time in four weeks on dollar inflows from remittances, foreign bond buying and exporters sales, dealers said. Actively traded one-week forwards, which edged up for
Published 27 Mar, 2015 12:00am
Sterling slips against dollar

Sterling slips against dollar

Sterling inched down against the dollar on Thursday after US Federal Reserve policymakers said they were on track to raise interest rates this year, easing investor worries that rates will stay at their record lows into 2016.
Published 27 Mar, 2015 12:00am
Australia and New Zealand $ off highs

Australia and New Zealand $ off highs

The Australian and New Zealand dollars pulled further away from two-month highs on their US counterpart and pound, as soft data in the United States hurt risk sentiment with equities sharply lower. The Australian dollar eased to $0.7807, having touched a
Published 27 Mar, 2015 12:00am
New grenade attack on Mexico TV channel

New grenade attack on Mexico TV channel

The offices of Mexican broadcasting giant Televisa were hit by a grenade for the second time in two months in the gang-plagued border city of Matamoros, authorities said Thursday. Assailants tossed the grenade from a vehicle Wednesday night, causing damag
Published 27 Mar, 2015 12:00am
Nigeria's military detains two Al Jazeera reporters

Nigeria's military detains two Al Jazeera reporters

Nigeria's military has detained two Al Jazeera journalists in the north-east city of Maiduguri since Tuesday, the television broadcaster said on Thursday, days ahead of the country's general elections. Al Jazeera said the journalists, Ahmed Idris and Ali
Published 27 Mar, 2015 12:00am
Rouhani in diplomatic drive to push nuclear deal

Rouhani in diplomatic drive to push nuclear deal

Iran's president on Thursday appealed to the leaders of Britain, France and Russia to seize an "exceptional opportunity" to strike a nuclear deal, as negotiators raced against the clock in Switzerland. "We are acting in the national and international inte
Published 27 Mar, 2015 12:00am
Macedonia Prime Minister accused of taking 20-million-euro bribe

Macedonia Prime Minister accused of taking 20-million-euro bribe

Macedonian opposition leader Zoran Zaev on Thursday accused conservative Prime Minister Nikola Gruevski of accepting a 20-million-euro ($22-million) bribe from Chinese firms to grant them motorways construction concessions.
Published 27 Mar, 2015 12:00am
UN creates digital privacy watchdog

UN creates digital privacy watchdog

The UN Human Rights Council on Thursday decided to appoint an investigator to look into violations of digital privacy rights, following revelations of large-scale cyber-snooping by Washington and others. The council, which counts the United States among i
Published 27 Mar, 2015 12:00am
Putin says Western spies plot against Russia before polls

Putin says Western spies plot against Russia before polls

President Vladimir Putin accused Western spies on Thursday of plotting to undermine his rule and "destabilise" Russia before elections by using public organisations for their own goals. At a meeting of Russia's Federal Security Service, a successor to the
Published 27 Mar, 2015 12:00am
The Weather

The Weather

The weather report on Thursday (March 26, 2015) and the forecast for Friday (March 27, 2015).

Published 27 Mar, 2015 12:00am
Londoner cleared of extremist plot in secret trial

Londoner cleared of extremist plot in secret trial

A British man who was found with former prime minister Tony Blair's home address was cleared of plotting a major attack Thursday following an unprecedented court case mostly conducted in secret. Erol Incedal, 27, was accused of preparing acts of terrorism
Published 27 Mar, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (March 26, 2015).

Published 27 Mar, 2015 12:00am
Thirty European cities pledge to slash emissions

Thirty European cities pledge to slash emissions

Thirty European cities pledged Thursday to slash their greenhouse gas emissions by 40 percent as French President Francois Hollande called on them to back historic UN climate talks. "Your role... is to show... that it is possible to live and live well in
Published 27 Mar, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (March 26, 2015).

Published 27 Mar, 2015 12:00am
Iraq special forces advance on Tikrit, US coalition joins fight

Iraq special forces advance on Tikrit, US coalition joins fight

Iraqi special forces advanced on central Tikrit on Thursday, backed by US-led coalition planes in the largest offensive yet against Islamic State militants holding out in Saddam Hussein's home city. Coalition jets launched their first air strikes against
Published 27 Mar, 2015 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 27 Mar, 2015 12:00am
Britain to train Syrian opposition forces

Britain to train Syrian opposition forces

Britain will send around 75 military personnel to join a US-led programme to train Syrian opposition forces, Defence Minister Michael Fallon said on Thursday. The programme will train and equip thousands of screened members of the opposition over the next
Published 27 Mar, 2015 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 27 Mar, 2015 12:00am
At least 71 dead as rebels advance on Syria's Idlib

At least 71 dead as rebels advance on Syria's Idlib

Islamist fighters have seized 17 checkpoints from Syrian forces in clashes around the city of Idlib that have cost at least 71 lives, a monitor said Thursday. "The government and its supporting forces have lost 17 checkpoints and regime locations to the A
Published 27 Mar, 2015 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (March 26, 2015).

Published 27 Mar, 2015 12:00am
Superbugs could kill a million Chinese a year: economist

Superbugs could kill a million Chinese a year: economist

China faces a million deaths a year from antibiotic-resistant superbugs and a loss of $20 trillion by 2050, an economist and former top Goldman Sachs executive said Thursday. Beijing should "take ownership" of anti-microbial resistance (AMR) when it hosts
Published 27 Mar, 2015 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Thursday (March 26, 2015) and for Friday (March 27, 2015).
Published 27 Mar, 2015 12:00am
US soldier, cousin arrested in IS plot

US soldier, cousin arrested in IS plot

A US military reservist was arrested as he tried to travel to fight for Islamic State jihadists, along with a cousin planning to carry out attacks on military installations, authorities said Thursday. A Justice Department statement said Army National Guar
Published 27 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 26, 2015)

Published 27 Mar, 2015 12:00am
PTI condemns police baton charge on farmers

PTI condemns police baton charge on farmers

Pakistan Tehreek-e-Insaf Punjab has condemned the baton charge on protesting farmers by police. PTI Punjab President Ejaz Chaudhary said it was shameful that the police was not only severely beat them up but also detained them. He also said the chief mini
Published 27 Mar, 2015 12:00am
Algiers International Fair from May 27

Algiers International Fair from May 27

An Algerian Company of Fairs and Exports (SAFEX) will organise 48th Algiers International Fair from May 27 to June 1, 2015 in Algiers, Algeria. The Embassy of the Democratic Republic of Algeria in Pakistan has informed Faisalabad Chamber of Commerce and I
Published 27 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 26, 2015).

Published 27 Mar, 2015 12:00am
NSS schemes: further cut in profit rates to hit people hard

NSS schemes: further cut in profit rates to hit people hard

The pensioners, senior citizens and widows have appealed to the government not to further reduce the profits on the NSS schemes as the federal government is reportedly going to announce new profit rates on various national saving schemes from April 1, 201
Published 27 Mar, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (March 26, 2015).

Published 27 Mar, 2015 12:00am
LCCI greets PBIT new chief

LCCI greets PBIT new chief

The Lahore Chamber of Commerce and Industry (LCCI) while congratulating its former Senior Vice President Abdul Basit on his appointment as Chairman Punjab Board of Investment and Trade (PBIT), asked him to take urgent steps to improve investment scenario
Published 27 Mar, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (March 26, 2015).

Published 27 Mar, 2015 12:00am
Moot on family medicine today

Moot on family medicine today

An international symposium on family medicine will be held here at the University of Health Sciences (UHS) on Friday. The theme of the symposium, which is being organized by the UHS Department of Family Medicine, is "Transforming Healthcare through Educat
Published 27 Mar, 2015 12:00am
PPP Punjab expresses solidarity with Kissan Ittehad

PPP Punjab expresses solidarity with Kissan Ittehad

Pakistan People's Party Punjab will join the movement of Kissan Ittehad if the government does not accept their demands, said Mian Manzoor Ahmed Wattoo while addressing a press conference after chairing a high-level meeting of the PPP Central Punjab, here
Published 27 Mar, 2015 12:00am
THE RUPEE: modest recovery

THE RUPEE: modest recovery

The rupee maintained an upward trend against the dollar on the money market on Thursday in the process of trading, dealers said.
Published 27 Mar, 2015 12:00am
PBIT, SBC sign MoU to expand trade ties

PBIT, SBC sign MoU to expand trade ties

Punjab Board of Investment and Trade (PBIT) Chief Executive Officer Mohammad Ilyas Ghauri and Swiss Business Council (SBC) President Yasmin Peer Mohamed signed a Memorandum of Understanding (MoU) on Thursday to expand the bilateral trade and investment fl
Published 27 Mar, 2015 12:00am
THE RUPEE: modest recovery

THE RUPEE: modest recovery

The rupee maintained an upward trend against the dollar on the money market on Thursday in the process of trading, dealers said.
Published 27 Mar, 2015 12:00am
Sugar millers seek Rs 22 billion loan for payment to growers

Sugar millers seek Rs 22 billion loan for payment to growers

Pakistan Sugar Mills Association (Punjab Zone) has urged the provincial government to extend Rs 22 billion loan to its members, enabling them to clear the outstanding dues of sugarcane farmers which, it fears, will be up to Rs 40 billion by the end of the
Published 27 Mar, 2015 12:00am
Electric Tower blown up in Charsadda

Electric Tower blown up in Charsadda

Some unidentified miscreants attempted to explode 132 KVA transmission line tower in Charsadda early Thursday morning, suspending the electricity supply in the area. According to security sources, the explosive material was planted on the tower which was
Published 27 Mar, 2015 12:00am
Seminar held: 'Real challenge to hunt drug resistant TB patients'

Seminar held: 'Real challenge to hunt drug resistant TB patients'

Pakistan is the fourth country in the world with maximum number of TB cases (15 to 45 years) and real challenge is to hunt those TB patients who have discontinued their treatment and become drug resistant TB patients. Health professionals said this while
Published 27 Mar, 2015 12:00am
PML-N to make a 'new Pakistan': Prime Minister

PML-N to make a 'new Pakistan': Prime Minister

Prime Minister Nawaz Sharif Thursday said no significant development has been witnessed in Khyber Pakhtunkhwa as claimed by a certain political entity. Addressing a workers convention of PML-N here at Governor's House, Nawaz Sharif said, 'new Pakistan' wo
Published 27 Mar, 2015 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (March 26, 2015).

Published 27 Mar, 2015 12:00am
Need stressed for replicating transit oriented development model

Need stressed for replicating transit oriented development model

Pak-China Joint Chamber of Commerce and Industry (PCJCCI) on Thursday stressed the need to replicate transit oriented development (TOD) model successfully implemented in some of the populous countries like America, China and India.
Published 27 Mar, 2015 12:00am
HVACR society Expo from April 2

HVACR society Expo from April 2

Engineer Rizwan Ashraf President Faisalabad Chamber of Commerce and Industry (FCCI) will formally inaugurate inaugural session of 22nd HVACR society-Expo-2015 Lahore at 10.30 am on April 2, 2015. Pakistan HVACR Society, Lahore Chapter is organising this E
Published 27 Mar, 2015 12:00am
Minister lauds Tevta efforts for skilling youth

Minister lauds Tevta efforts for skilling youth

Federal Minister of State for Education Baligur Rehman lauded the efforts of Technical and Vocational Training Authority (Tevta) for skilling the youth of the Punjab in a befitting manner. He appreciated the management for increasing the enrolment from 10
Published 27 Mar, 2015 12:00am
Sarwar accuses PML-N, PPP of ravaging nation for 35 years

Sarwar accuses PML-N, PPP of ravaging nation for 35 years

Pakistan Tehreek-e-Insaf's senior member and a former Punjab governor Mohammad Sarwar has accused the Pakistan Muslim League-Nawaz and the Pakistan Peoples' Party of ravaging the nation for the past 35 years. He told Insaf Student Federation President Far
Published 27 Mar, 2015 12:00am
Foreign exchange reserves fall by $142 million

Foreign exchange reserves fall by $142 million

The country's foreign exchange reserves posted a decline of $142 million during the last week because of external debt payment. According to State Bank of Pakistan's (SBP) weekly forex report issued Thursday, the country's total foreign exchange reserves
Published 27 Mar, 2015 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 27 Mar, 2015 12:00am
Shopkeeper's body set ablaze in Pakpattan

Shopkeeper's body set ablaze in Pakpattan

Unknown miscreants shot dead a shopkeeper and set the body on fire here on Thursday. The incident took place in Mohallah Jhanjranwala of Pakpattan where unidentified accused killed shopkeeper Riaz while he was asleep in yard of his house and later put the
Published 27 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 27 Mar, 2015 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 27 Mar, 2015 12:00am
Licence of counsel for Sindh police suspended

Licence of counsel for Sindh police suspended

Suspending the licence of Irfan Qadir, former Attorney General for Pakistan and the counsel for Inspector General Police Sindh, on Thursday, the Supreme Court issued him show cause notice why his licence should not be revoked. A three-member bench headed
Published 27 Mar, 2015 12:00am
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