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Print - 2015-04-09
Long bond prices rise

Long bond prices rise

US Treasury long debt prices rose on Tuesday as investors consolidated positions in a week generally thin on economic data after last Friday's unexpectedly soft US jobs report. US 30-year government bond prices, which move inversely to yield, were up shar
Published 09 Apr, 2015 12:00am
AT&T to pay $25 million penalty for data breaches

AT&T to pay $25 million penalty for data breaches

AT&T will pay a $25 million fine for "lax security" at overseas call centers where employees stole personal data for mobile phone traffickers, US regulators said Wednesday. The Federal Communications Commission announced the settlement in the case which a
Published 09 Apr, 2015 12:00am
France announces plan to boost business investment

France announces plan to boost business investment

Firms are to be given bigger tax rebates on investments as part of reforms announced on Wednesday to boost business activity and help the slow revival of France's economy. Flat business investment remains a drag on the improving outlook for the euro zone'
Published 09 Apr, 2015 12:00am
Foreign bank subsidiaries good for stability: IMF

Foreign bank subsidiaries good for stability: IMF

International banks have slowed cross-border lending since the financial crisis, but their local affiliates are filling the gap in a positive sign for greater financial stability, the IMF said Wednesday. The slowdown in cross-border lending since 2008, es
Published 09 Apr, 2015 12:00am
Qatar population soars to record on World Cup projects

Qatar population soars to record on World Cup projects

Qatar's population reached a record 2.35 million in February, boosted by new foreign workers needed for the massive investment linked to the Gulf state hosting the 2022 football World Cup, figures showed Wednesday. Just 10 years ago, less than one million
Published 09 Apr, 2015 12:00am
EU to simplify GMO import approval

EU to simplify GMO import approval

The EU plans to simplify the import approval process for controversial genetically modified foods and animal feed, allowing member states to decide whether to admit them or not, sources said Wednesday. The sources said the European Commission, the EU's ex
Published 09 Apr, 2015 12:00am
Most Gulf markets higher on oil

Most Gulf markets higher on oil

Most Gulf stock markets rose on Wednesday, buoyed by firmer oil prices, as Egypt climbed after rating agency Moody's Investors Service upgraded the country's sovereign debt. Brent crude had rebounded sharply in the past two days and although it pulled bac
Published 09 Apr, 2015 12:00am
Indian shares at three-week closing high

Indian shares at three-week closing high

Indian shares rose on Wednesday, marking their highest close in three weeks, led by gains in resources stocks such as Coal India and Reliance Industries. Coal India climbed 5.8 percent on reports that the government has lifted the cap on the company's e-a
Published 09 Apr, 2015 12:00am
Nikkei hits 15-year high

Nikkei hits 15-year high

Tokyo's benchmark index hit a 15-year high on Wednesday after Japanese retail investors ploughed a sizable amount of cash into new stock mutual funds and as regional bourses appeared to benefit from rotation of funds out of US equities.
Published 09 Apr, 2015 12:00am
Wednesday's midday trade: stocks up on M&A but energy weighs

Wednesday's midday trade: stocks up on M&A but energy weighs

US stocks rose on Wednesday on merger activity in the healthcare sector even as energy stocks sold off after a large build-up in crude stockpiles sent oil futures reeling. Traders are keeping an eye out for the release of minutes from the Federal Open Mar
Published 09 Apr, 2015 12:00am
Wall Street ends slightly lower

Wall Street ends slightly lower

US stocks ended slightly lower on Tuesday, reversing course late in the session as strength in the dollar offset optimism about deal news. The S&P utilities sector, which helped lead gains on Monday, was the biggest drag on the S&P 500, closing down 1.1 p
Published 09 Apr, 2015 12:00am
Sri Lankan index slips

Sri Lankan index slips

Sri Lankan shares ended slightly weaker on Wednesday as investors offloaded telecommunications and banking stocks on thin volume as many investors and brokers stayed away ahead of holidays, dealers said. The index ended 0.2 percent, or 13.52 points, weake
Published 09 Apr, 2015 12:00am
Long bond prices rise

Long bond prices rise

US Treasury long debt prices rose on Tuesday as investors consolidated positions in a week generally thin on economic data after last Friday's unexpectedly soft US jobs report. US 30-year government bond prices, which move inversely to yield, were up shar
Published 09 Apr, 2015 12:00am
UNSC slaps sanctions on Mullah Fazlullah

UNSC slaps sanctions on Mullah Fazlullah

The UN Security Council has slapped sanctions on Pakistan Taliban chief Mullah Fazlullah, mastermind of the Peshawar school massacre, for perpetrating and financing terror acts. Fazlullah, 40, was added to the UN Security Council al Qaeda Sanctions list o
Published 09 Apr, 2015 12:00am
China's share indexes hit seven-year high

China's share indexes hit seven-year high

China's main share indexes hit another seven-year high on Wednesday, as investors dumped small-cap stocks and shifted money into blue chips. The CSI Financials index rose nearly 3 percent, but the Nasdaq-style ChiNext board at one point was down more than
Published 09 Apr, 2015 12:00am
Energy shares outperform weak European markets

Energy shares outperform weak European markets

European energy shares outperformed other sectors on Wednesday after Royal Dutch Shell's $70 billion bid for BG sparked a rally. The STOXX Europe 600 Oil & Gas Index, hammered over the past year as oil prices tumbled, closed up 2.5 percent to outperform t
Published 09 Apr, 2015 12:00am
Australian shares higher

Australian shares higher

Australian shares ended higher on Wednesday thanks to a boost from energy and mining stocks, but a mixed performance by the big banks kept the overall market in check. The S&P/ASX 200 index closed 0.6 percent, or 34.7 points, higher at 5,960.7. The benchm
Published 09 Apr, 2015 12:00am
SE Asian markets: Philippines ends rising streak

SE Asian markets: Philippines ends rising streak

Stocks in the Philippines snapped seven sessions of gains on Wednesday ahead of a holiday, while other markets in Southeast Asia retreated with a fall in global oil prices helping end a rally in energy shares. Philippine key index eased 0.6 percent to 8,0
Published 09 Apr, 2015 12:00am
Dominant energy shares outpace FTSE on Shell's BG bid

Dominant energy shares outpace FTSE on Shell's BG bid

Oil and gas stocks dominated trade in a falling UK stock market on Wednesday, driven by a $70 billion bid by Royal Dutch Shell for energy firm BG Group. Shares in BG jumped 26.6 percent to hit their highest level since September when the stock was trackin
Published 09 Apr, 2015 12:00am
Three killed in Malakand accident

Three killed in Malakand accident

At least three persons were killed and three others sustained injuries in head-on collision between two trucks and a car near Batkhela area here on Wednesday. According to rescue sources, the injured and deceased were shifted to district hospital Bathela
Published 09 Apr, 2015 12:00am
Pakistan losing $15 billion annually due to corruption: PILDAT chief

Pakistan losing $15 billion annually due to corruption: PILDAT chief

Pakistan is wasting enormous amount of $15 billion every year due to prevailing corruption as well as the menace of corruption is one of the top most hurdle in doing business. Ahmed Bilal Mehboob, President, Pakistan Institute of Legislative Development a
Published 09 Apr, 2015 12:00am
KP NAB arrests police inspector over corruption charges

KP NAB arrests police inspector over corruption charges

The National Accountability Bureau (NAB) of Khyber Pakhtunkhwa on Wednesday arrested a serving Police Inspector, Gul Hameed Khan, presently posted as SHO at the City Police Station in Bannu for allegedly making illegal assets worth million of rupees. A co
Published 09 Apr, 2015 12:00am
KP Governor appreciates modernised investigation system

KP Governor appreciates modernised investigation system

The Khyber Pakhtunkhwa Governor Sardar Mahtab Ahmad Khan Wednesday said that advancement of investigation on modern lines can ensure strengthened powerful criminal justice system that will built trust between police and public.
Published 09 Apr, 2015 12:00am
Chairman NAB presents annual report 2014 to President

Chairman NAB presents annual report 2014 to President

President Mamnoon Hussain underlined the need on taking effective and concrete measures to weed out the curse of corruption from the society adding that eradication of corruption is imperative to attaining national progress.
Published 09 Apr, 2015 12:00am
SECP revises work/responsibilities of commissioners

SECP revises work/responsibilities of commissioners

The Securities and Exchange Commission of Pakistan (SECP) has revised the work/responsibilities of its commissioners. The SECP has issued SRO.270(I)/2015 here on Wednesday in supersession of SRO.113(I)/2015, dated 6th February, 2015.
Published 09 Apr, 2015 12:00am
Greek Prime Minister blasts Russia sanctions at Putin meet

Greek Prime Minister blasts Russia sanctions at Putin meet

Greek Prime Minister Alexis Tsipras on Wednesday lashed out at EU sanctions against Russia during talks with Kremlin strongman Vladimir Putin in Moscow that have unnerved Brussels. Tsipras' sit-down with Putin had fuelled fears on the continent that cash-
Published 09 Apr, 2015 12:00am
Royal Dutch Shell agrees £47 billion deal for BG Group

Royal Dutch Shell agrees £47 billion deal for BG Group

Energy titan Royal Dutch Shell on Wednesday announced a mega-takeover of British rival BG Group worth £47 billion, consolidating their positions in a sector battered by sliding oil prices. The cash and shares deal, approved by the BG board and worth the e
Published 09 Apr, 2015 12:00am
Royal Dutch Shell agrees £47 billion deal for BG Group

Royal Dutch Shell agrees £47 billion deal for BG Group

Energy titan Royal Dutch Shell on Wednesday announced a mega-takeover of British rival BG Group worth £47 billion, consolidating their positions in a sector battered by sliding oil prices. The cash and shares deal, approved by the BG board and worth the e
Published 09 Apr, 2015 12:00am
Royal Dutch Shell agrees £47 billion deal for BG Group

Royal Dutch Shell agrees £47 billion deal for BG Group

Energy titan Royal Dutch Shell on Wednesday announced a mega-takeover of British rival BG Group worth £47 billion, consolidating their positions in a sector battered by sliding oil prices. The cash and shares deal, approved by the BG board and worth the e
Published 09 Apr, 2015 12:00am
Pakistan willing to ink CEPA with Sri Lanka

Pakistan willing to ink CEPA with Sri Lanka

Pakistan has expressed its intention to ink first Comprehensive Economic Partnership Agreement (CEPA) with Sri Lanka, keeping in view that the latter was the first country with which FTA was signed. Islamabad conveyed its intention during the recent visit
Published 09 Apr, 2015 12:00am
Pakistan willing to ink CEPA with Sri Lanka

Pakistan willing to ink CEPA with Sri Lanka

Pakistan has expressed its intention to ink first Comprehensive Economic Partnership Agreement (CEPA) with Sri Lanka, keeping in view that the latter was the first country with which FTA was signed. Islamabad conveyed its intention during the recent visit
Published 09 Apr, 2015 12:00am
Pakistan willing to ink CEPA with Sri Lanka

Pakistan willing to ink CEPA with Sri Lanka

Pakistan has expressed its intention to ink first Comprehensive Economic Partnership Agreement (CEPA) with Sri Lanka, keeping in view that the latter was the first country with which FTA was signed. Islamabad conveyed its intention during the recent visit
Published 09 Apr, 2015 12:00am
ECC likely to consider RLNG price today

ECC likely to consider RLNG price today

The Econo-mic Co-ordination Committee (ECC) of the Cabinet meeting is likely to consider price of RLNG and other matters related to the project today (Thursday). Sources told Business Recorder that Ministry of Petroleum is likely to table a proposa
Published 09 Apr, 2015 12:00am
ECC likely to consider RLNG price today

ECC likely to consider RLNG price today

The Econo-mic Co-ordination Committee (ECC) of the Cabinet meeting is likely to consider price of RLNG and other matters related to the project today (Thursday). Sources told Business Recorder that Ministry of Petroleum is likely to table a proposa
Published 09 Apr, 2015 12:00am
ECC likely to consider RLNG price today

ECC likely to consider RLNG price today

The Econo-mic Co-ordination Committee (ECC) of the Cabinet meeting is likely to consider price of RLNG and other matters related to the project today (Thursday). Sources told Business Recorder that Ministry of Petroleum is likely to table a proposa
Published 09 Apr, 2015 12:00am
Government to introduce uniform gas tariff

Government to introduce uniform gas tariff

The government is to introduce a uniform gas tariff for all the major sectors of economy, excluding domestic consumers, from July 1, 2015, it is learnt. According to Petroleum Ministry sources, the government has decided to fix gas tariff for all consumer
Published 09 Apr, 2015 12:00am
Government to introduce uniform gas tariff

Government to introduce uniform gas tariff

The government is to introduce a uniform gas tariff for all the major sectors of economy, excluding domestic consumers, from July 1, 2015, it is learnt. According to Petroleum Ministry sources, the government has decided to fix gas tariff for all consumer
Published 09 Apr, 2015 12:00am
Government to introduce uniform gas tariff

Government to introduce uniform gas tariff

The government is to introduce a uniform gas tariff for all the major sectors of economy, excluding domestic consumers, from July 1, 2015, it is learnt. According to Petroleum Ministry sources, the government has decided to fix gas tariff for all consumer
Published 09 Apr, 2015 12:00am
263 hardened terrorists killed in Tirah Valley: ISPR

263 hardened terrorists killed in Tirah Valley: ISPR

Pakistan military killed 263 hardened terrorists after surrounding them in Tirah Valley of the Khyber Agency from all sides, according to a military spokesman. Director General ISPR, Major General Asim Saleem Bajwa tweeted Wednesday that Chief of Army Sta
Published 09 Apr, 2015 12:00am
263 hardened terrorists killed in Tirah Valley: ISPR

263 hardened terrorists killed in Tirah Valley: ISPR

Pakistan military killed 263 hardened terrorists after surrounding them in Tirah Valley of the Khyber Agency from all sides, according to a military spokesman. Director General ISPR, Major General Asim Saleem Bajwa tweeted Wednesday that Chief of Army Sta
Published 09 Apr, 2015 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 09 Apr, 2015 12:00am
AQ Khan says Musharraf wanted to hand him over to US

AQ Khan says Musharraf wanted to hand him over to US

Renowned nuclear scientist Dr Abdul Qadeer Khan has disclosed that former President Pervez Musharraf had decided to hand him over to the United States but thanks to former Prime Minister Mir Zafarullah Jamali who sacrificed his position and saved him from
Published 09 Apr, 2015 12:00am
AQ Khan says Musharraf wanted to hand him over to US

AQ Khan says Musharraf wanted to hand him over to US

Renowned nuclear scientist Dr Abdul Qadeer Khan has disclosed that former President Pervez Musharraf had decided to hand him over to the United States but thanks to former Prime Minister Mir Zafarullah Jamali who sacrificed his position and saved him from
Published 09 Apr, 2015 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 09 Apr, 2015 12:00am
Pak-China FTA meeting concludes in Beijing

Pak-China FTA meeting concludes in Beijing

The Ministry of Commerce has concluded the fourth meeting on the second phase of negotiations regarding China-Pakistan FTA, held in Beijing. Tariff reduction, regulatory duties, trade in services and investment, E-commerce and visa facilitation remained t
Published 09 Apr, 2015 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 09 Apr, 2015 12:00am
Pak-China FTA meeting concludes in Beijing

Pak-China FTA meeting concludes in Beijing

The Ministry of Commerce has concluded the fourth meeting on the second phase of negotiations regarding China-Pakistan FTA, held in Beijing. Tariff reduction, regulatory duties, trade in services and investment, E-commerce and visa facilitation remained t
Published 09 Apr, 2015 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 09 Apr, 2015 12:00am
Pak-China FTA meeting concludes in Beijing

Pak-China FTA meeting concludes in Beijing

The Ministry of Commerce has concluded the fourth meeting on the second phase of negotiations regarding China-Pakistan FTA, held in Beijing. Tariff reduction, regulatory duties, trade in services and investment, E-commerce and visa facilitation remained t
Published 09 Apr, 2015 12:00am
Pakistani importer accused of defrauding Chinese company

Pakistani importer accused of defrauding Chinese company

A Chinese company, Shanghai Sunivo Supply Chain Management, on Wednesday accused a Pakistani importer of defrauding in business deals worth millions of dollars. Addressing a press conference at Karachi Press Club (KPC), Abul Laqim, Director of Shanghai Su
Published 09 Apr, 2015 12:00am
Pakistani importer accused of defrauding Chinese company

Pakistani importer accused of defrauding Chinese company

A Chinese company, Shanghai Sunivo Supply Chain Management, on Wednesday accused a Pakistani importer of defrauding in business deals worth millions of dollars. Addressing a press conference at Karachi Press Club (KPC), Abul Laqim, Director of Shanghai Su
Published 09 Apr, 2015 12:00am
Pakistani importer accused of defrauding Chinese company

Pakistani importer accused of defrauding Chinese company

A Chinese company, Shanghai Sunivo Supply Chain Management, on Wednesday accused a Pakistani importer of defrauding in business deals worth millions of dollars. Addressing a press conference at Karachi Press Club (KPC), Abul Laqim, Director of Shanghai Su
Published 09 Apr, 2015 12:00am
SECP forwards revised Futures Trading Bill to Ministry

SECP forwards revised Futures Trading Bill to Ministry

The Securities and Exchange Commission of Pakistan (SECP) has forwarded the revised Futures Trading Bill (the Bill) to the Ministry of Finance for its further processing and subsequent approval by the Parliament. Futures' trading is currently regulated un
Published 09 Apr, 2015 12:00am
SECP forwards revised Futures Trading Bill to Ministry

SECP forwards revised Futures Trading Bill to Ministry

The Securities and Exchange Commission of Pakistan (SECP) has forwarded the revised Futures Trading Bill (the Bill) to the Ministry of Finance for its further processing and subsequent approval by the Parliament. Futures' trading is currently regulated un
Published 09 Apr, 2015 12:00am
SECP forwards revised Futures Trading Bill to Ministry

SECP forwards revised Futures Trading Bill to Ministry

The Securities and Exchange Commission of Pakistan (SECP) has forwarded the revised Futures Trading Bill (the Bill) to the Ministry of Finance for its further processing and subsequent approval by the Parliament. Futures'' trading is currently regulated u
Published 09 Apr, 2015 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (April 08, 2015).

Published 09 Apr, 2015 12:00am
Bangladesh sentences top Indian insurgents to life

Bangladesh sentences top Indian insurgents to life

A court in Bangladesh's north Wednesday sentenced two Indian insurgents to life in prison for using Bangladeshi territory to carry out militant attacks across the border in Assam, a prosecutor said. Ranjan Chowdhury, alias Major Ranjan, and Prodip Marak w
Published 09 Apr, 2015 12:00am
Bangladesh sentences top Indian insurgents to life

Bangladesh sentences top Indian insurgents to life

A court in Bangladesh's north Wednesday sentenced two Indian insurgents to life in prison for using Bangladeshi territory to carry out militant attacks across the border in Assam, a prosecutor said. Ranjan Chowdhury, alias Major Ranjan, and Prodip Marak w
Published 09 Apr, 2015 12:00am
Saudi to borrow to finance soaring deficit: report

Saudi to borrow to finance soaring deficit: report

Saudi Arabia's budget deficit will be more than twice its own forecast, a leading research firm has said, forcing the kingdom into the debt market for the first time in more than a decade. Hit by plunging crude prices, the world's biggest oil exporter wil
Published 09 Apr, 2015 12:00am
Saudi to borrow to finance soaring deficit: report

Saudi to borrow to finance soaring deficit: report

Saudi Arabia's budget deficit will be more than twice its own forecast, a leading research firm has said, forcing the kingdom into the debt market for the first time in more than a decade. Hit by plunging crude prices, the world's biggest oil exporter wil
Published 09 Apr, 2015 12:00am
Saudi to borrow to finance soaring deficit: report

Saudi to borrow to finance soaring deficit: report

Saudi Arabia''s budget deficit will be more than twice its own forecast, a leading research firm has said, forcing the kingdom into the debt market for the first time in more than a decade. Hit by plunging crude prices, the world''s biggest oil exporter w
Published 09 Apr, 2015 12:00am
THE RUPEE: mixed patterns

THE RUPEE: mixed patterns

The rupee sustained its overnight firmness versus the dollar on the interbank market, while it drifted lower against the dollar on the open market in the process of trading on Wednesday, dealers said.
Published 09 Apr, 2015 12:00am