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Print - 2015-04-03
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
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
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
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
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
SMIU Syndicate pays glowing tributes to Rana Bhagwandas

SMIU Syndicate pays glowing tributes to Rana Bhagwandas

Sindh Madressatul Islam University's (SMIU) Syndicate on Thursday paid glowing tributes to late Justice Rana Bhagwandas for his valuable contribution made in the field of judiciary. The Syndicate meting which was presided over by SMIU's Vice Chancellor Dr
Published 03 Apr, 2015 12:00am
No rift between Zardari, Bilawal, claims Qaim

No rift between Zardari, Bilawal, claims Qaim

Sindh Chief Minister Syed Qaim Ali Shah has dispelled the impression of a rift between Chairman PPP Bilawal Bhutto Zardari and Co-chairman Asif Ali Zardari, saying that the opponents are misguiding masses by spreading rumours. He said this while talking t
Published 03 Apr, 2015 12:00am
Prime Minister condoles

Prime Minister condoles

Prime Minister Nawaz Sharif on Thursday telephoned Sri Lankan President to extend condolences on the death of his younger brother, Priyantha Srisena.
Published 03 Apr, 2015 12:00am
FBR to upload new ATL on web portal by 11th

FBR to upload new ATL on web portal by 11th

The Federal Board of Revenue (FBR) has announced that the new Active Taxpayers List would be published and made available at the Board's web-portal by April 11, 2015. In this regard, the FBR has amended Income Tax Rules, 2002 through an S.R.O.267(I)/2015
Published 03 Apr, 2015 12:00am
Co-pilot researched cockpit doors, suicide online: prosecutors

Co-pilot researched cockpit doors, suicide online: prosecutors

German prosecutors said Thursday the co-pilot suspected of deliberately crashing a Germanwings plane in the French Alps had searched online for information about suicide and cockpit doors in the week before the disaster.
Published 03 Apr, 2015 12:00am
Co-pilot researched cockpit doors, suicide online: prosecutors

Co-pilot researched cockpit doors, suicide online: prosecutors

German prosecutors said Thursday the co-pilot suspected of deliberately crashing a Germanwings plane in the French Alps had searched online for information about suicide and cockpit doors in the week before the disaster.
Published 03 Apr, 2015 12:00am
Exchange companies allowed to conduct branchless banking

Exchange companies allowed to conduct branchless banking

State Bank of Pakistan (SBP) Thursday allowed exchange companies to conduct branchless banking activities as agents of authorised financial institutions. With this approval, all exchange companies & exchange companies of ''B'' category can provide branchl
Published 03 Apr, 2015 12:00am
Exchange companies allowed to conduct branchless banking

Exchange companies allowed to conduct branchless banking

State Bank of Pakistan (SBP) Thursday allowed exchange companies to conduct branchless banking activities as agents of authorised financial institutions. With this approval, all exchange companies & exchange companies of 'B' category can provide branchles
Published 03 Apr, 2015 12:00am
Exchange companies allowed to conduct branchless banking

Exchange companies allowed to conduct branchless banking

State Bank of Pakistan (SBP) Thursday allowed exchange companies to conduct branchless banking activities as agents of authorised financial institutions. With this approval, all exchange companies & exchange companies of 'B' category can provide branchles
Published 03 Apr, 2015 12:00am
Lal Masjid: court orders Musharraf's arrest

Lal Masjid: court orders Musharraf's arrest

A court ordered the arrest of former military ruler Pervez Musharraf for the 2007 murder of a hard-line Islamic cleric during an army raid on Lad Masjid, lawyers said Thursday. Judge Wajid Ali Khan issued non-bailable arrest warrants for Musharraf for ord
Published 03 Apr, 2015 12:00am
The Weather

The Weather

The weather report on Thursday (April 02, 2015) and the forecast for Friday (April 03, 2015).

Published 03 Apr, 2015 12:00am
Lal Masjid: court orders Musharraf's arrest

Lal Masjid: court orders Musharraf's arrest

A court ordered the arrest of former military ruler Pervez Musharraf for the 2007 murder of a hard-line Islamic cleric during an army raid on Lad Masjid, lawyers said Thursday. Judge Wajid Ali Khan issued non-bailable arrest warrants for Musharraf for ord
Published 03 Apr, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (April 02, 2015).

Published 03 Apr, 2015 12:00am
Flights delayed, schools shut as sandstorm hits Gulf

Flights delayed, schools shut as sandstorm hits Gulf

Flights were disrupted, ships weighed anchor and schools were closed Thursday as a major sandstorm blew through Saudi Arabia and neighbouring Gulf states. In the United Arab Emirates, several flights were diverted and delays were expected to others, a Dub
Published 03 Apr, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (April 02, 2015).

Published 03 Apr, 2015 12:00am
Flights delayed, schools shut as sandstorm hits Gulf

Flights delayed, schools shut as sandstorm hits Gulf

Flights were disrupted, ships weighed anchor and schools were closed Thursday as a major sandstorm blew through Saudi Arabia and neighbouring Gulf states. In the United Arab Emirates, several flights were diverted and delays were expected to others, a Dub
Published 03 Apr, 2015 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

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
LME official prices

LME official prices

The following were Wednesday official prices.

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
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees 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 leg
Published 03 Apr, 2015 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi 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
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
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
Shipping Intelligence

Shipping Intelligence

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

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
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
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
Oxfam assails World Bank arm for rights violations

Oxfam assails World Bank arm for rights violations

The World Bank''s private-sector finance unit supported development projects in numerous countries that involved grave violations of human rights, anti-poverty group Oxfam alleged in a new report Thursday. Oxfam said the World Bank''s International Financ
Published 03 Apr, 2015 12:00am
Oxfam assails World Bank arm for rights violations

Oxfam assails World Bank arm for rights violations

The World Bank's private-sector finance unit supported development projects in numerous countries that involved grave violations of human rights, anti-poverty group Oxfam alleged in a new report Thursday. Oxfam said the World Bank's International Finance
Published 03 Apr, 2015 12:00am
Oxfam assails World Bank arm for rights violations

Oxfam assails World Bank arm for rights violations

The World Bank's private-sector finance unit supported development projects in numerous countries that involved grave violations of human rights, anti-poverty group Oxfam alleged in a new report Thursday. Oxfam said the World Bank's International Finance
Published 03 Apr, 2015 12:00am
Prime Minister urged to appoint minister for textile

Prime Minister urged to appoint minister for textile

The absence of a textile minister and the proposed merger of textile and commerce ministry under the Ministry of Commerce is creating uncertainty and negatively affecting the major export earner of the country, sources told to Business Recorder.
Published 03 Apr, 2015 12:00am
Prime Minister urged to appoint minister for textile

Prime Minister urged to appoint minister for textile

The absence of a textile minister and the proposed merger of textile and commerce ministry under the Ministry of Commerce is creating uncertainty and negatively affecting the major export earner of the country, sources told to Business Recorder.
Published 03 Apr, 2015 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (April 02, 2015).

Published 03 Apr, 2015 12:00am
Prime Minister urged to appoint minister for textile

Prime Minister urged to appoint minister for textile

The absence of a textile minister and the proposed merger of textile and commerce ministry under the Ministry of Commerce is creating uncertainty and negatively affecting the major export earner of the country, sources told to Business Recorder.
Published 03 Apr, 2015 12:00am
Youth loans: ballot condition waived for private banks

Youth loans: ballot condition waived for private banks

In order to extend the portfolio of Prime Minister''s Youth Business Loans Scheme, the State Bank of Pakistan (SBP) on Thursday allowed private banks to disburse loans without balloting under the scheme. According to IH&SMEFD Circular Letter No 07 of 2015
Published 03 Apr, 2015 12:00am
Youth loans: ballot condition waived for private banks

Youth loans: ballot condition waived for private banks

In order to extend the portfolio of Prime Minister's Youth Business Loans Scheme, the State Bank of Pakistan (SBP) on Thursday allowed private banks to disburse loans without balloting under the scheme. According to IH&SMEFD Circular Letter No 07 of 2015
Published 03 Apr, 2015 12:00am
Youth loans: ballot condition waived for private banks

Youth loans: ballot condition waived for private banks

In order to extend the portfolio of Prime Minister's Youth Business Loans Scheme, the State Bank of Pakistan (SBP) on Thursday allowed private banks to disburse loans without balloting under the scheme. According to IH&SMEFD Circular Letter No 07 of 2015
Published 03 Apr, 2015 12:00am
Economic indicators improving: Prime Minister

Economic indicators improving: Prime Minister

Prime Minister Nawaz Sharif on Thursday said despite the enormous challenges inherited by government in 2013, its prudent policies have led to an improvement in all economic indicators with each passing day.
Published 03 Apr, 2015 12:00am
Economic indicators improving: Prime Minister

Economic indicators improving: Prime Minister

Prime Minister Nawaz Sharif on Thursday said despite the enormous challenges inherited by government in 2013, its prudent policies have led to an improvement in all economic indicators with each passing day.
Published 03 Apr, 2015 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 03 Apr, 2015 12:00am
NA-246 by-election: Imran urges ECP to deploy rangers

NA-246 by-election: Imran urges ECP to deploy rangers

Pakistan Tehreek-e-Insaf chairman Imran Khan on Thursday called upon Election Commission of Pakistan (ECP) to deploy Rangers for NA-246 by-elections, saying his party does not trust Karachi police as it is 'badly politicised'.
Published 03 Apr, 2015 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 03 Apr, 2015 12:00am
NA-246 by-election: Imran urges ECP to deploy rangers

NA-246 by-election: Imran urges ECP to deploy rangers

Pakistan Tehreek-e-Insaf chairman Imran Khan on Thursday called upon Election Commission of Pakistan (ECP) to deploy Rangers for NA-246 by-elections, saying his party does not trust Karachi police as it is 'badly politicised'.
Published 03 Apr, 2015 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 03 Apr, 2015 12:00am
Zarif to arrive next week

Zarif to arrive next week

Iranian Foreign Minister Mohammad Javed Zarif is due to arrive next week as the country's parliament has been summoned Monday to discuss Saudi Arabia's request of sending troops to the Kingdom. According to official sources, the Iranian Foreign Minister w
Published 03 Apr, 2015 12:00am
Zarif to arrive next week

Zarif to arrive next week

Iranian Foreign Minister Mohammad Javed Zarif is due to arrive next week as the country's parliament has been summoned Monday to discuss Saudi Arabia's request of sending troops to the Kingdom. According to official sources, the Iranian Foreign Minister w
Published 03 Apr, 2015 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 03 Apr, 2015 12:00am
Saudi soldier killed, 10 wounded by gunfire from Yemen

Saudi soldier killed, 10 wounded by gunfire from Yemen

Saudi Arabia said Thursday a soldier was shot dead and 10 wounded by gunfire from across the Yemen border, its first casualties since launching an operation against Shia rebels a week ago.
Published 03 Apr, 2015 12:00am
Saudi soldier killed, 10 wounded by gunfire from Yemen

Saudi soldier killed, 10 wounded by gunfire from Yemen

Saudi Arabia said Thursday a soldier was shot dead and 10 wounded by gunfire from across the Yemen border, its first casualties since launching an operation against Shia rebels a week ago.
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
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
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
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