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Print - 2015-04-03
LDA auctions 11 plots

LDA auctions 11 plots

The Lahore Development Authority auctioned 11 plots, including nine commercial and two residential plots, against Rs 124.72 million on Thursday. The maximum bid came for the corner plot, located in the Civic Centre Block, in Jubilee Town, measuring 21 mar
Published 03 Apr, 2015 12:00am
NAB delegation visits LSE

NAB delegation visits LSE

A delegation of National Accountability Bureau (NAB) investigation officers visited the Lahore Stock Exchange under the Consumers Outreach Program. A session of Investors' Awareness Program was held with the visiting delegation on the occasion. An insight
Published 03 Apr, 2015 12:00am
Son of former minister held in murder case

Son of former minister held in murder case

The Punjab police arrested son of a former minister and a feudal Ghulam Mustafa Kanju on the charge of gunning down a 15-year-old boy Zain Rauf near the Cavalry Ground after opening indiscriminate fire on a crowd.
Published 03 Apr, 2015 12:00am
HBL wins best Fire Safety Practices Award 2015

HBL wins best Fire Safety Practices Award 2015

HBL was awarded "Best Fire Safety Practice in High Rise Buildings Award 2015" at the Fire Safety Convention which was jointly organized by National Forum for Environment & Health (NFEH) and Fire Protection Association of Pakistan (FPAP).
Published 03 Apr, 2015 12:00am
SNGPL disconnects supply to 177 consumers

SNGPL disconnects supply to 177 consumers

Sui Northern Gas Pipe Lines (SNGPL) has disconnected gas supply connections of 177 industrial and commercial consumers of Sheikhupura, Multan, Islamabad, Peshawar, Lahore and other regions for owing Rs 4.4 billion. The SNGPL has disconnected gas supply of
Published 03 Apr, 2015 12:00am
Prime Minister to discuss situation with Turkish leadership

Prime Minister to discuss situation with Turkish leadership

Prime Minister Nawaz Sharif will leave for Turkey today (Friday) as part of Pakistan's diplomatic venture for exchanging views with the Turkish leadership for bringing a peaceful resolution to the Yemen conflict.
Published 03 Apr, 2015 12:00am
Punjab government, World Bank agree to train 0.5 million youth yearly

Punjab government, World Bank agree to train 0.5 million youth yearly

The Punjab government and the World Bank have agreed in principle to cooperate in training of 0.5 million youth in various skills every year in the province. The World Bank is already extending full cooperation in education, health, skill development and
Published 03 Apr, 2015 12:00am
Message from President, Islamic Republic of Pakistan

Message from President, Islamic Republic of Pakistan

It gives me immense pleasure to learn about the happening of the 4th consecutive International Exhibition on Renewable Energy and Energy Efficiency by Renewable and Alternative Energy Association of Pakistan and Global Commerce and Communication Network (
Published 03 Apr, 2015 12:00am
Message from Prime Minister, Islamic Republic of Pakistan

Message from Prime Minister, Islamic Republic of Pakistan

On the auspicious occasion of 4th International Exhibition on Renewable Energy and Energy Efficiency, I extend warm welcome to all the national and international exhibitors, delegates, professionals and trade visitors participating in this event.
Published 03 Apr, 2015 12:00am
Message from President, REAP

Message from President, REAP

As president of Renewable & Alternative Energy Association of Pakistan (REAP), I feel immense pleasure to reveal the significance of the renewable technology. We cannot stay away from the consequences of the Renewable Energy, as currently, most of our ene
Published 03 Apr, 2015 12:00am
Message from CEO/Chairman, GCCN Pakistan

Message from CEO/Chairman, GCCN Pakistan

It is a matter of pride that Global Commerce & Communication Network Private Limited (GCCN) is co-organizing the 4th International Exhibition on Renewable Energy and Energy Efficiency with REAP. I warmly welcome all exhibitors, professional visitors and m
Published 03 Apr, 2015 12:00am
Message from Exhibition Marketing Expert, GCCN Pakistan

Message from Exhibition Marketing Expert, GCCN Pakistan

It gives special honor and pleasure to welcome all the participants at the 4th Int'l Exhibition on Renewable Energy and Energy Efficiency (REAP 2015 Expo) which is co-organized by Global Commerce & Communication Network (Pvt) Ltd (GCCN) with REAP.
Published 03 Apr, 2015 12:00am
Policy options for promotion of renewable energy in Pakistan

Policy options for promotion of renewable energy in Pakistan

Pakistan is facing acute energy shortage and the gap between supply and demand is ever increasing due to increase in population, urbanization and modern life style. Reason for the energy shortage is primarily lack of long term planning for increased energ
Published 03 Apr, 2015 12:00am
Which Solar System makes the most sense?

Which Solar System makes the most sense?

With a rampant energy crisis at its core, the Government of Pakistan is trying to exploit all types of energy resources to solve the energy situation in the country which is a major driver of growth. Thus we hear and read about LNG, coal, hydro, wind and
Published 03 Apr, 2015 12:00am
Nobel Energy Ltd

Nobel Energy Ltd

Wah Nobel is a multi-national group and is represented by Pakistan Ordnance Factories (shares 51.75%), SAAB Sweden (shares 27.23%), Al-Misehal Co. Saudi Arabia (shares 21.02%). The group was established in 1962 and has six companies on its orbit. It is en
Published 03 Apr, 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 03 Apr, 2015 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 03 Apr, 2015 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (April 02, 2015).

Published 03 Apr, 2015 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Thursday (April 02, 2015).

Published 03 Apr, 2015 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Thursday (April 02, 2015).

Published 03 Apr, 2015 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Thursday (April 02, 2015).

Published 03 Apr, 2015 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (April 02, 2015).
Published 03 Apr, 2015 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (April 02, 2015).

Published 03 Apr, 2015 12:00am
147 students killed in Kenya university massacre

147 students killed in Kenya university massacre

Masked gunmen from Somalia's Shebab Islamist group massacred at least 147 Kenyan students Thursday in a day-long college campus siege, the country's deadliest attack since the 1998 US embassy bombings. All four of the gunmen wore suicide vests packed with
Published 03 Apr, 2015 12:00am
147 students killed in Kenya university massacre

147 students killed in Kenya university massacre

Masked gunmen from Somalia's Shebab Islamist group massacred at least 147 Kenyan students Thursday in a day-long college campus siege, the country's deadliest attack since the 1998 US embassy bombings. All four of the gunmen wore suicide vests packed with
Published 03 Apr, 2015 12:00am
Xi's upcoming visit: Slew of agreements, MoUs to be signed

Xi's upcoming visit: Slew of agreements, MoUs to be signed

Around 90 Memoranda of Understanding (MoUs) and agreements are expected to be signed between Pakistan and China on several development projects during Chinese President Xi Jinping's visit to Pakistan which is likely on April 20, it is learnt.
Published 03 Apr, 2015 12:00am
Xi's upcoming visit: Slew of agreements, MoUs to be signed

Xi's upcoming visit: Slew of agreements, MoUs to be signed

Around 90 Memoranda of Understanding (MoUs) and agreements are expected to be signed between Pakistan and China on several development projects during Chinese President Xi Jinping's visit to Pakistan which is likely on April 20, it is learnt.
Published 03 Apr, 2015 12:00am
Xi''s upcoming visit: Slew of agreements, MoUs to be signed

Xi''s upcoming visit: Slew of agreements, MoUs to be signed

Around 90 Memoranda of Understanding (MoUs) and agreements are expected to be signed between Pakistan and China on several development projects during Chinese President Xi Jinping''s visit to Pakistan which is likely on April 20, it is learnt.
Published 03 Apr, 2015 12:00am
Framework for final deal reached at Iran nuclear talks

Framework for final deal reached at Iran nuclear talks

Iran and six world powers agreed Thursday on the framework of a potentially historic deal aimed at curbing Tehran's nuclear drive after marathon talks in Switzerland. It marks a major breakthrough in a 12-year stand-off between Iran and the West - which h
Published 03 Apr, 2015 12:00am
Framework for final deal reached at Iran nuclear talks

Framework for final deal reached at Iran nuclear talks

Iran and six world powers agreed Thursday on the framework of a potentially historic deal aimed at curbing Tehran's nuclear drive after marathon talks in Switzerland. It marks a major breakthrough in a 12-year stand-off between Iran and the West - which h
Published 03 Apr, 2015 12:00am
Tahir may be appointed MD of OGDCL

Tahir may be appointed MD of OGDCL

The government is likely to appoint Tahir Shaukat as Managing Director (MD) of the state-owned Oil and Gas Development Company (OGDCL), it is learnt. According to sources in the Petroleum Ministry, OGDCL is functioning without MD since March 31, 2015 due
Published 03 Apr, 2015 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (April 02, 2015).

Published 03 Apr, 2015 12:00am
Tahir may be appointed MD of OGDCL

Tahir may be appointed MD of OGDCL

The government is likely to appoint Tahir Shaukat as Managing Director (MD) of the state-owned Oil and Gas Development Company (OGDCL), it is learnt. According to sources in the Petroleum Ministry, OGDCL is functioning without MD since March 31, 2015 due
Published 03 Apr, 2015 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (April 02, 2015).

Published 03 Apr, 2015 12:00am
Tahir may be appointed MD of OGDCL

Tahir may be appointed MD of OGDCL

The government is likely to appoint Tahir Shaukat as Managing Director (MD) of the state-owned Oil and Gas Development Company (OGDCL), it is learnt. According to sources in the Petroleum Ministry, OGDCL is functioning without MD since March 31, 2015 due
Published 03 Apr, 2015 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (April 02, 2015).

Published 03 Apr, 2015 12:00am
Equities gain a foothold

Equities gain a foothold

On Thursday, the Karachi share market responded well to the positives on the macroeconomic front, adding another 527 points or 1.72 percent to the KSE-100 index. However, the turnover shrank in bullish trading. The benchmark index settled at 31,132.25 poi
Published 03 Apr, 2015 12:00am
Equities gain a foothold

Equities gain a foothold

On Thursday, the Karachi share market responded well to the positives on the macroeconomic front, adding another 527 points or 1.72 percent to the KSE-100 index. However, the turnover shrank in bullish trading. The benchmark index settled at 31,132.25 poi
Published 03 Apr, 2015 12:00am
Equities gain a foothold

Equities gain a foothold

On Thursday, the Karachi share market responded well to the positives on the macroeconomic front, adding another 527 points or 1.72 percent to the KSE-100 index. However, the turnover shrank in bullish trading. The benchmark index settled at 31,132.25 poi
Published 03 Apr, 2015 12:00am
BRIndex30 up 377.79 points

BRIndex30 up 377.79 points

On Thursday, BRIndex30 opened at 17,361.68 points and remained positive throughout the trading session. It touched an intraday high of 17,779.92 points and an intraday low of 17,443.97 points and closed at 17,739.47 points which was 377.79 points or 2.18
Published 03 Apr, 2015 12:00am
BRIndex30 up 377.79 points

BRIndex30 up 377.79 points

On Thursday, BRIndex30 opened at 17,361.68 points and remained positive throughout the trading session. It touched an intraday high of 17,779.92 points and an intraday low of 17,443.97 points and closed at 17,739.47 points which was 377.79 points or 2.18
Published 03 Apr, 2015 12:00am
LG polls: ECP seeks Rs 5.7 billion

LG polls: ECP seeks Rs 5.7 billion

The Election Commission of Pakistan (ECP) has demanded Rs 5.7 billion from Ministry of Finance to meet the expenditures of local government polls across the country, excluding Balochistan.
Published 03 Apr, 2015 12:00am
LG polls: ECP seeks Rs 5.7 billion

LG polls: ECP seeks Rs 5.7 billion

The Election Commission of Pakistan (ECP) has demanded Rs 5.7 billion from Ministry of Finance to meet the expenditures of local government polls across the country, excluding Balochistan.
Published 03 Apr, 2015 12:00am
Military courts hand down first sentences

Military courts hand down first sentences

Military courts have issued death sentences to six militants and life imprisonment to another on terror charges, the army said Thursday, the first convictions since the courts were established after a Taliban school massacre in December. "Army Chief confi
Published 03 Apr, 2015 12:00am
Military courts hand down first sentences

Military courts hand down first sentences

Military courts have issued death sentences to six militants and life imprisonment to another on terror charges, the army said Thursday, the first convictions since the courts were established after a Taliban school massacre in December. "Army Chief confi
Published 03 Apr, 2015 12:00am
Power loadshedding: early closure of shops proposed

Power loadshedding: early closure of shops proposed

Ministry of Water and Power has reportedly proposed early closure of shops and markets in summer to minimise the number of load shedding hours, it was learnt. Sources told Business Recorder that a meeting chaired by Prime Minister Nawaz Sharif discussed v
Published 03 Apr, 2015 12:00am
Power loadshedding: early closure of shops proposed

Power loadshedding: early closure of shops proposed

Ministry of Water and Power has reportedly proposed early closure of shops and markets in summer to minimise the number of load shedding hours, it was learnt. Sources told Business Recorder that a meeting chaired by Prime Minister Nawaz Sharif discussed v
Published 03 Apr, 2015 12:00am
Power loadshedding: early closure of shops proposed

Power loadshedding: early closure of shops proposed

Ministry of Water and Power has reportedly proposed early closure of shops and markets in summer to minimise the number of load shedding hours, it was learnt. Sources told Business Recorder that a meeting chaired by Prime Minister Nawaz Sharif discussed v
Published 03 Apr, 2015 12:00am
Banks urged to finance solar installations

Banks urged to finance solar installations

At a time when Pakistan has started getting as many as 206 megawatts of electricity from windmills in the national grid, consumers, including businessmen, urge the government to improve its policies to develop generation from solar energy too. Punjab gove
Published 03 Apr, 2015 12:00am
Banks urged to finance solar installations

Banks urged to finance solar installations

At a time when Pakistan has started getting as many as 206 megawatts of electricity from windmills in the national grid, consumers, including businessmen, urge the government to improve its policies to develop generation from solar energy too. Punjab gove
Published 03 Apr, 2015 12:00am
Banks urged to finance solar installations

Banks urged to finance solar installations

At a time when Pakistan has started getting as many as 206 megawatts of electricity from windmills in the national grid, consumers, including businessmen, urge the government to improve its policies to develop generation from solar energy too. Punjab gove
Published 03 Apr, 2015 12:00am
Obituary

Obituary

Shakeel Burney, the elder brother of senior banker Kafeel Burney, died yesterday. Funeral prayers will be offered at Khatri Masjid, PIB Colony, after Jumma prayers (1.15 pm). Soyem on Saturday between Asr and Maghrib at the same masjid.
Published 03 Apr, 2015 12:00am
THE RUPEE: modest rise

THE RUPEE: modest rise

Modest recovery was seen in the value of the rupee against the dollar on the local currency market on Thursday, dealers said.
Published 03 Apr, 2015 12:00am
Afghan suicide blast kills 16, wounds dozens

Afghan suicide blast kills 16, wounds dozens

A suicide bomber killed at least 16 people Thursday and wounded 40 others, including a prominent lawmaker, at an anti-corruption rally in eastern Afghanistan, the latest casualties ahead of the Taliban's expected spring offensive. The attack comes just a
Published 03 Apr, 2015 12:00am
Afghan suicide blast kills 16, wounds dozens

Afghan suicide blast kills 16, wounds dozens

A suicide bomber killed at least 16 people Thursday and wounded 40 others, including a prominent lawmaker, at an anti-corruption rally in eastern Afghanistan, the latest casualties ahead of the Taliban's expected spring offensive. The attack comes just a
Published 03 Apr, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (April 02, 2015).

Published 03 Apr, 2015 12:00am
AJK to expel 11,000 Afghans

AJK to expel 11,000 Afghans

Azad Kashmir govt is set to expel some 11,000 illegal Afghan refugees under a national anti-terror plan announced in the wake of the country's worst ever militant attack, police said Thursday. There are an estimated three million Afghan refugees living in
Published 03 Apr, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (April 02, 2015).

Published 03 Apr, 2015 12:00am
AJK to expel 11,000 Afghans

AJK to expel 11,000 Afghans

Azad Kashmir govt is set to expel some 11,000 illegal Afghan refugees under a national anti-terror plan announced in the wake of the country's worst ever militant attack, police said Thursday. There are an estimated three million Afghan refugees living in
Published 03 Apr, 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 (April 02, 2015).

Published 03 Apr, 2015 12:00am
ExxonMobil sues Russia over back taxes

ExxonMobil sues Russia over back taxes

US oil and gas giant ExxonMobil is suing Russia at the Swedish Arbitrage Court for back taxes it believes it overpaid on a joint project, the energy ministry said Thursday. A spokeswoman for Russia's energy ministry confirmed to AFP the launch of the lega
Published 03 Apr, 2015 12:00am
ExxonMobil sues Russia over back taxes

ExxonMobil sues Russia over back taxes

US oil and gas giant ExxonMobil is suing Russia at the Swedish Arbitrage Court for back taxes it believes it overpaid on a joint project, the energy ministry said Thursday. A spokeswoman for Russia's energy ministry confirmed to AFP the launch of the lega
Published 03 Apr, 2015 12:00am