News Archives for Print - 2015-04-15 - Business Recorder

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Print - 2015-04-15

Al Baraka Banking Group approves $54.7 million in cash dividend, bonus shares

Al Baraka Banking Group approves $54.7 million in cash dividend, bonus shares

Al Baraka Banking Group B.S.C held its Ordinary and Extra-ordinary General Meetings on 23rd March 2015 in Manama. The Group's shareholders reviewed in relation to the financial year ended 31 December 2014 the report of the Board of Directors on the Group'

Published 15 Apr, 2015 12:00am

Al Baraka Banking Group approves $54.7 million in cash dividend, bonus shares

Al Baraka Banking Group approves $54.7 million in cash dividend, bonus shares

Al Baraka Banking Group B.S.C held its Ordinary and Extra-ordinary General Meetings on 23rd March 2015 in Manama. The Group's shareholders reviewed in relation to the financial year ended 31 December 2014 the report of the Board of Directors on the Group'

Published 15 Apr, 2015 12:00am

Two suspected terrorists held

Two suspected terrorists held

Two suspected terrorists were wounded and arrested during an exchange of fire in Sariyab road here on Tuesday. According to the police, two suspected terrorists on a motor-bike were signalled to stop by police at check post but they ran away from the scen

Published 15 Apr, 2015 12:00am

DGKCC and KE ink agreement

DGKCC and KE ink agreement

The DG Khan Cement Company (DGKCC) has signed an agreement with K-Electric Company Limited for the supply of 40 megawatts of electricity to one of its plants. The 40 megawatts electricity would be made available by the utility from its grid station locate

Published 15 Apr, 2015 12:00am

Emirates NBD expands DirectRemit platform to Pakistan

Emirates NBD expands DirectRemit platform to Pakistan

Emirates NBD, a leading bank in the region, announced recetly the launch of its 60 second DirectRemit service to Pakistan. DirectRemit, a money transfer platform that is considered the fastest in the UAE, allows Emirates NBD customers to remit money to Pa

Published 15 Apr, 2015 12:00am

Illegal seizure: President upholds FTO decision against FBR

Illegal seizure: President upholds FTO decision against FBR

The President has upheld the decision of the Federal Tax Ombudsman (FTO) against the Federal Board of Revenue (FBR), in which customs authorities illegally confiscated consignment of alcoholic beverages by foreign oil and gas exploration company operating

Published 15 Apr, 2015 12:00am

Dutch ambassador visits Nishat Dairies

Dutch ambassador visits Nishat Dairies

Dutch Ambassador Marcel de Vink visited and welcomed the very first pedigree Dutch dairy cows in Pakistan during a visit to Nishat Dairies in Kot Sarwar near Sukheke. On a tour of his farm, Mian Mansha showed the ambassador the 1280 animals that had recen

Published 15 Apr, 2015 12:00am

US Consular Officer visits RO plant at Misri Shah

US Consular Officer visits RO plant at Misri Shah

US Consular officer Aaron Tennessee Carlton visited the Solar Hybrid Water Desalination plant at Misri Shah recently. He was accompanied by Vice Consular Shankar Rao and Pak Oasis representatives.

Published 15 Apr, 2015 12:00am

High-handedness and maladministration: president orders action against FBR officials

High-handedness and maladministration: president orders action against FBR officials

President Tuesday directed Federal Board of Revenue (FBR) to take strict disciplinary action against the Inland Revenue officials found guilty of highhandeness and maladministration, which resulted in illegal arrest of a person on the basis of FBR's unlaw

Published 15 Apr, 2015 12:00am

ATC orders 90-day detention of Abad former chief

ATC orders 90-day detention of Abad former chief

Anti Terrorism Court (ATC) on Tuesday ordered 90-day detention of former Chairman Association of Builders and Developers (ABAD) Babar Chughtai under Anti Terrorism Act (ATC). Chughtai is accused of grabbing lands in Gulistan-e-Johar and funding a target k

Published 15 Apr, 2015 12:00am

Business community opposes GIDC: Baig

Business community opposes GIDC: Baig

Dr Mirza Ikhtiar Baig, Chairman, Standing Committee on Banking, Credit and Finance of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has clarified that the business community strongly opposes the imposition of GIDC. He requested Finance

Published 15 Apr, 2015 12:00am

Rangers demand installation of biometric machines

Rangers demand installation of biometric machines

Paramilitary Rangers force wrote a letter to National Database Regulatory Authority (NADRA) on Tuesday, calling for the installation of biometric system for the upcoming election of NA-246, Karachi. In its letter, Rangers demanded that CCTV cameras be ins

Published 15 Apr, 2015 12:00am

NA 246: Tareen apprises CEC about apprehensions

NA 246: Tareen apprises CEC about apprehensions

Pakistan Tehreek-e-Insaf (PTI) leader Jahangir Tareen met with Chief Election Commissioner Sardar Raza Khan at Election Commission Office and discussed in detail the PTI's apprehensions regarding upcoming by-election in NA-246 (Karachi).

Published 15 Apr, 2015 12:00am

All set to hold PAS Awards 2015 on April 25

All set to hold PAS Awards 2015 on April 25

The Pakistan Advertisers Society has announced that PAS Awards 2015, a star-studded gala awards function celebrating the best of advertising initiatives in Pakistan, will be held at the Expo Centre in Karachi on April 25, 2015. PAS Awards are recognised b

Published 15 Apr, 2015 12:00am

KP Governor urges Swat University's admin to expedite development activities

KP Governor urges Swat University's admin to expedite development activities

KP Governor Sardar Mahtab Ahmad Khan chaired the first-ever meeting of the Senate of the University of Swat held at the Governor House Peshawar on Tuesday and urged the administration to expedite work on the developmental activities side by side with work

Published 15 Apr, 2015 12:00am

Revenue targets KP E&T Department reviews progress

Revenue targets KP E&T Department reviews progress

A meeting of the District Excise and Taxation Officers held here in the Conference Room of the Provincial Disaster Management Authority (PDMA) with Khyber Pakhtunkhwa Minister for Excise and Taxation, Mian Jamshiduddin Kakakhel on Tuesday. Besides Secreta

Published 15 Apr, 2015 12:00am

Non-payment of salaries: SSC employees stage protest

Non-payment of salaries: SSC employees stage protest

The employees of Sindh Seed Corporation (SSC) staged a protest outside their office at Hussainabad on Tuesday against non-payment their salaries for 10 months. Leading the protest, Ghulam Qadir Khoso, Muhammad Ali, Nisar Ahmed Khaskheli and others said th

Published 15 Apr, 2015 12:00am

Smuggling-prone items FPCCI for reducing tariff

Smuggling-prone items FPCCI for reducing tariff

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has suggested reducing the tariff rates on smuggling-prone items to the lowest level to curb smuggling. The FPCCI observed that the total elimination of smuggling only through administrative

Published 15 Apr, 2015 12:00am

Rs 780 million Gilgit-Baltistan budget approved

Rs 780 million Gilgit-Baltistan budget approved

Prime Minister and Chairman of Gilgit-Baltistan Council Muhammad Nawaz Sharif on Tuesday approved the GB budget for the fiscal year 2014-15 with a total outlay of Rs780.906 million. Chairing a meeting of the 8th session of the GB Council, the Prime Minist

Published 15 Apr, 2015 12:00am

Registration of printing presses in KP formally begins

Registration of printing presses in KP formally begins

The process of the registration of printing presses in Khyber Pakhtunkhwa formally began as president, Frontier Printers and Publishers Association Zafar Rehman Khattak submitted registration forms with Director, Information.

Published 15 Apr, 2015 12:00am

Murder, kidnapping for ransom incidents decline

Murder, kidnapping for ransom incidents decline

Criminal activities especially the incidents of murders, kidnapping for ransom and abduction has registered decline during the first quarter of the current calendar year, said a crime analysis report of KP police. During the current quarter, 518 incidents

Published 15 Apr, 2015 12:00am

July-March Rs 271 billion released under PSDP

July-March Rs 271 billion released under PSDP

Ministry of Planning, Development and Reforms released a total of Rs 271 billion-51 percent funds budgeted for Public Sector Development Programme (PSDP) during the first nine months of the current fiscal year. The government is unlikely to meet the targe

Published 15 Apr, 2015 12:00am

DG CAA reviews cleanliness situation at Jinnah Airport

DG CAA reviews cleanliness situation at Jinnah Airport

The Director General Civil Aviation Authority (CAA) on Tuesday visited the Jinnah International Airport to review the overall cleanliness of the terminal building and to get firsthand information on the general state of affairs of all the service provider

Published 15 Apr, 2015 12:00am

Partly Facetious: PM's policy statement

Partly Facetious: PM's policy statement

"So you reckon Mian sahib's policy statement on the Yemen crisis would appease our Arab brothers and sisters."

Published 15 Apr, 2015 12:00am

Yuan snaps five-session losing streak

Yuan snaps five-session losing streak

China's yuan firmed slightly against the dollar on Tuesday after a five-day losing streak as corporate dollar sales helped offset the negative impact from the central bank's weak midpoint. "We saw some company clients sell dollars in early trade, pushing

Published 15 Apr, 2015 12:00am

Euro broadly higher in Asia

Euro broadly higher in Asia

The euro brushed a fresh two-year low against a broadly firmer yen on Tuesday, as the Japanese currency doggedly held on to gains made in the previous session. Analysts and market participants said the trigger for investors to unwind their bearish yen pos

Published 15 Apr, 2015 12:00am

Yen rises across the board in Europe

Yen rises across the board in Europe

The yen rose across the board on Tuesday, hitting a two-year high against the euro, after an economic adviser to Japan's Prime Minister Shinzo Abe indicated that the currency might have fallen too far and needed to retrace some of its losses. Koichi Hamad

Published 15 Apr, 2015 12:00am

Early trade in New York: dollar sinks on data, IMF's US growth forecasts

Early trade in New York: dollar sinks on data, IMF's US growth forecasts

The dollar sank on Tuesday after March US retail sales data, while the strongest in a year, came in below expectations, triggering a sell-off that pulled the greenback down from the prior week's strong gains.

Published 15 Apr, 2015 12:00am

Dollar rises against euro in New York

Dollar rises against euro in New York

The US dollar rose against the euro on Monday in a continuation of last week's bets that the US Federal Reserve will hike interest rates in the coming months, while the yen edged higher on comments from a high-profile economic adviser. With little US econ

Published 15 Apr, 2015 12:00am

Belarus cuts share of forex revenues firms have to sell

Belarus cuts share of forex revenues firms have to sell

Belarus's central bank has cut the rate of mandatory sales of foreign currency income for companies to 30 percent from 40 percent, according to an official statement posted online on Tuesday. The central bank introduced obligatory foreign currency sales l

Published 15 Apr, 2015 12:00am

Singapore dollar rallies in Asia forex

Singapore dollar rallies in Asia forex

The Singapore dollar rallied on Tuesday, leading gains in Asian currencies, after the central bank surprised markets by holding monetary policy steady and expressed confidence in the trade-reliant economy's growth outlook. South Korea's won turned higher,

Published 15 Apr, 2015 12:00am

Rand gains

Rand gains

South Africa's rand gained more than 1 percent to the dollar on Tuesday as weaker-than-expected US retail sales data dampened expectations the Federal Reserve could raise interest rates as early as June. The rand was stronger despite South Africa's power

Published 15 Apr, 2015 12:00am

Sterling recovers against dollar

Sterling recovers against dollar

Sterling recovered against the dollar but fell almost a third of a cent against the euro on Tuesday, in trade dominated by economic data that knocked back much of the US currency's progress so far this month. The dollar was down almost 1 percent against t

Published 15 Apr, 2015 12:00am

Aussie and New Zealand $ regain some ground

Aussie and New Zealand $ regain some ground

The Australian and New Zealand dollars modestly trimmed losses on Tuesday after Singapore skipped a chance to further ease policy, triggering a broad pullback in long US dollar positions. The Australian dollar edged up to $0.7618, from an early $0.7563 lo

Published 15 Apr, 2015 12:00am

More than 20 injured as Asiana flight overruns Japan runway

More than 20 injured as Asiana flight overruns Japan runway

More than 20 passengers were injured when an Asiana Airlines Airbus A320 overran a runway in western Japan on Tuesday evening, officials and local media said. The South Korean carrier's Flight OZ162, which took off at Incheon airport, was attempting to la

Published 15 Apr, 2015 12:00am

Clinton makes first campaign stop in small-town America

Clinton makes first campaign stop in small-town America

Hillary Clinton's 1,000-mile road trip brought her Tuesday to a small town in America's agricultural heartland for the first official stop on what she hopes is heer journey to the White House After three decades in the public eye, the former first lady, s

Published 15 Apr, 2015 12:00am

Six Ukrainian soldiers killed as clashes flare in east

Six Ukrainian soldiers killed as clashes flare in east

Six soldiers were killed and a journalist injured by a mine in separatist-held eastern Ukraine Tuesday as a flare-up of fighting undermined a shaky two-month cease-fire. The situation in the conflict zone "remains unstable", with "armed provocations by th

Published 15 Apr, 2015 12:00am

Russia training separatists inside Ukraine: US

Russia training separatists inside Ukraine: US

Russian forces still are operating inside Ukraine and have set up training camps for pro-Moscow separatists, despite a cease-fire agreement backed by the Kremlin, the Pentagon said Tuesday. "There is no question that the Russians continue to operate insid

Published 15 Apr, 2015 12:00am

Warplanes pose increased risk to civilian jets over Europe: watchdog

Warplanes pose increased risk to civilian jets over Europe: watchdog

Aviation safety risks increased significantly last year as "non-co-operative military aircraft" crossed paths with civilian planes over the Baltic Sea and other waters, European air safety officials said in a report published Tuesday.

Published 15 Apr, 2015 12:00am

Twitter as a flood rescue tool

Twitter as a flood rescue tool

As a social networking tool used by millions, Twitter can be a great help in disaster operations, said researchers Tuesday who created real-time flood maps using data from tweets. Some 900 flood-related tweets per minute were sent in the Indonesian capita

Published 15 Apr, 2015 12:00am

Brazil police clash with evicted squatters in central Rio

Brazil police clash with evicted squatters in central Rio

Police clashed with illegal squatters at an abandoned building in Rio de Janeiro Tuesday, using pepper spray and arresting several people as some of the 300 occupants refused to leave the property.

Published 15 Apr, 2015 12:00am

Nigeria, world mark anniversary of Boko Haram schoolgirl kidnappings

Nigeria, world mark anniversary of Boko Haram schoolgirl kidnappings

Nigeria and the world on Tuesday marked the first anniversary of Boko Haram's abduction of 219 schoolgirls, with protest marches, candlelit vigils and pledges of solidarity. But as the teenagers entered their second year of captivity at the hands of the I

Published 15 Apr, 2015 12:00am

Artists demand New York police return Snowden bust

Artists demand New York police return Snowden bust

Three artists on Tuesday demanded that New York police return a bust of fugitive US whistleblower Edward Snowden to public display or threatened legal action. Civil rights lawyer Ronald Kuby said the artists would remain anonymous because they feared arre

Published 15 Apr, 2015 12:00am

Al Shabaab militants attack Somali government building, 10 dead

Al Shabaab militants attack Somali government building, 10 dead

Al Shabaab Islamist militants attacked a government building housing two ministries in the Somali capital on Tuesday, setting off two big blasts before gunmen stormed inside, killing at least 10 people, police and the rebels said. Fighting raged around th

Published 15 Apr, 2015 12:00am

Generation of hydro power key to economic growth: LCCI chief

Generation of hydro power key to economic growth: LCCI chief

Generation of hydro power key to economic growth, which is a cheap source of electricity. The government would have to create consensus for the early construction of water reservoirs", said Lahore Chamber of Commerce and Industry President Ijaz A Mumtaz i

Published 15 Apr, 2015 12:00am

Punjab decides to procure 4 million tons of wheat from cultivators

Punjab decides to procure 4 million tons of wheat from cultivators

Punjab Chief Minister Muhammad Shahbaz Sharif presided over a meeting here Tuesday which decided to procure four million tons wheat directly from the cultivators during Wheat Procurement Campaign 2015-16.

Published 15 Apr, 2015 12:00am

Power Distribution Centre inaugurated

Power Distribution Centre inaugurated

US Consul General Lahore, Zachary Harkenrider and the CEO of the Gujranwala Electric Power Company Zahoor Ahmed Chohan inaugurated a new state-of-the-art Power Distribution Center on Tuesday. The center has been established with support from the US Agency

Published 15 Apr, 2015 12:00am

PITAF elects office-bearers

PITAF elects office-bearers

Irfan Iqbal Sheikh was unanimously elected as Chairman of the Pakistan Industrial and Traders Associations Front (PITAF) for two years. Tanveer Ahmed Sufi and Khawaja Shahzeb were elected as senior vice chairman and as vice chairman respectively. After th

Published 15 Apr, 2015 12:00am

Traders reject early closure of markets

Traders reject early closure of markets

The traders of south Punjab have unanimously rejected the govt decision for closure of shops and markets in Multan, Bahawalpur and Dera Ghazi Khan divisions by 8:00 pm and called upon the govt to withdraw its decision and try to resolve the issue through

Published 15 Apr, 2015 12:00am

PSJCCI chief for holding conferences in Jeddah, Riyadh

PSJCCI chief for holding conferences in Jeddah, Riyadh

President of Pak-Saudi Joint Chamber of Commerce and Industry (PSJCCI) Mian Mamoodul Hassan has proposed to hold small-medium-enterprises-investment conferences in Jeddah and Riyadh to make Saudi investors aware of the potential of profitable investment e

Published 15 Apr, 2015 12:00am

Gulf countries: Punjab will send 0.2 million skilled, semi-skilled workers

Gulf countries: Punjab will send 0.2 million skilled, semi-skilled workers

Minister for Labour & Human Resource Raja Ashfaq Sarwar has said that Punjab government will send two lakh skilled and semi-skilled workers to Qatar, UAE and other Gulf countries for completion of construction projects in next four years. He said that on

Published 15 Apr, 2015 12:00am

Efforts being made to address exporters' issues: TDAP chief

Efforts being made to address exporters' issues: TDAP chief

Trade Development Authority of Pakistan (TDAP) Chief Executive S M Munir told trade associations here on Tuesday that efforts are being made to address the issues of the exporters.

Published 15 Apr, 2015 12:00am

Exporters urged to cash in on GSP Plus opportunity

Exporters urged to cash in on GSP Plus opportunity

Pakistan has achieved macroeconomic stabilisation and now efforts are being made to lock in this performance with effective, prudent and progressive monetary policy, said Dr. Umer Farooq Saqib, Additional Director, State Bank of Pakistan. He was addressin

Published 15 Apr, 2015 12:00am

Agriculture, natural resources play vital role in fostering economic growth: President

Agriculture, natural resources play vital role in fostering economic growth: President

President Mamnoon Hussain has said that agriculture and natural resources play a vital role in Pakistan's economy, not only as drivers of growth and poverty reduction but also in terms of their linkages with other sectors such as trade, commerce, industry

Published 15 Apr, 2015 12:00am

538 cases of misappropriation unearthed in Pakistan Post: National Assembly body told

538 cases of misappropriation unearthed in Pakistan Post: National Assembly body told

Director General, Pakistan Post briefed the National Assembly Standing Committee on Communications that 538 cases of misappropriation involving loss of Rs 559 million were discovered during the last five years. Some cases were registered by the police, Na

Published 15 Apr, 2015 12:00am

NIDA, MES sign MoU

NIDA, MES sign MoU

The National Institute of Design and Analysis (NIDA) has signed a memorandum of understanding with the Mechatronics Engineering Solutions (MES) to promote technical and professional education and training for the productive human capital development for i

Published 15 Apr, 2015 12:00am

Trading in Mughal Iron's & Steel Industries' shares begins on LSE

Trading in Mughal Iron's & Steel Industries' shares begins on LSE

Trading in the shares of Mughal Iron & Steel Industries Ltd is going to start on the ready board of the Lahore Stock Exchange (LSE) from Wednesday (today) and all transactions taking place in respect of the Company will be settled on T+2 settlement basis.

Published 15 Apr, 2015 12:00am

Trading in Mughal Iron's & Steel Industries' shares begins on LSE

Trading in Mughal Iron's & Steel Industries' shares begins on LSE

Trading in the shares of Mughal Iron & Steel Industries Ltd is going to start on the ready board of the Lahore Stock Exchange (LSE) from Wednesday (today) and all transactions taking place in respect of the Company will be settled on T+2 settlement basis.

Published 15 Apr, 2015 12:00am

14-member Sindh team briefed about Punjab health roadmap

14-member Sindh team briefed about Punjab health roadmap

Advisor on Health Kh Salman Rafique briefed a 14-member delegation of officers of Health Department Sindh here on Tuesday about the implementation of Chief Minister's Health Roadmap for the up-gradation of healthcare delivery system and provision of bette

Published 15 Apr, 2015 12:00am

Speakers urge people to follow Sufism to promote peace, democracy

Speakers urge people to follow Sufism to promote peace, democracy

Speakers at a seminar on Tuesday urged people to follow Sufism as it would promote peace and democracy in the country. Senior journalist Nazir Leghari while addressing the conference title 'Sufism, Peace and Democracy' organised by Women Centre Pakistan a

Published 15 Apr, 2015 12:00am

KP Police arrest 594 suspects

KP Police arrest 594 suspects

Khyber Pakhtunkhwa Police rounded up 594 suspects and recovered huge cache of arms and ammunition in the ongoing search and strike operation conducted under National Action Plan (NAP) across the province. During the operation conducted in different parts

Published 15 Apr, 2015 12:00am

Minister spells out likely role of CPEC in global economy

Minister spells out likely role of CPEC in global economy

"The opponents of China Pakistan Economic Corridor (CPEC) project are the enemies of Pakistan. CPEC is the portfolio of $45 billion which is based on the visionary leadership of China and Pakistan desiring to see Asia as the centre of global economy in 21

Published 15 Apr, 2015 12:00am

Cancer hospital on Argentina Park's land: IHC moved to restrain CDA from setting up hospital

Cancer hospital on Argentina Park's land: IHC moved to restrain CDA from setting up hospital

The Islamabad High Court was moved on Tuesday with the plea to issue directives to Capital Development Authority (CDA) restraining it from establishing a cancer hospital on the land of Argentina Park in G-6 sector.

Published 15 Apr, 2015 12:00am

Proposed cyber crime law to be sent to National Assembly body: Anusha

Proposed cyber crime law to be sent to National Assembly body: Anusha

To tighten the noose around the offenders involved in cyber terrorism/crimes, the government has drafted the cyber crime bill, having more co-ordination with the National Action Plan (NAP), proposing severe punishment and penalties for such criminals.

Published 15 Apr, 2015 12:00am

LHC issues notice to government

LHC issues notice to government

The Lahore High Court on Tuesday issued a notice to the federal government for April 29 in response to a petition that has urged the court to restrain Judicial Commission from probing rigging claims in the 2013 general elections. A.K Dogar of the Lawyers

Published 15 Apr, 2015 12:00am

LHC issues notice to government

LHC issues notice to government

The Lahore High Court on Tuesday issued a notice to the federal government for April 29 in response to a petition that has urged the court to restrain Judicial Commission from probing rigging claims in the 2013 general elections. A.K Dogar of the Lawyers

Published 15 Apr, 2015 12:00am

Three Russian ships in English Channel

Three Russian ships in English Channel

Three Russian ships including a destroyer have entered the English Channel and are being monitored by Britain's Royal Navy as they pass through, the Ministry of Defence said Tuesday. It is the latest in a string of similar incidents and comes at a time of

Published 15 Apr, 2015 12:00am

Three Russian ships in English Channel

Three Russian ships in English Channel

Three Russian ships including a destroyer have entered the English Channel and are being monitored by Britain's Royal Navy as they pass through, the Ministry of Defence said Tuesday. It is the latest in a string of similar incidents and comes at a time of

Published 15 Apr, 2015 12:00am

Sluggish economy, conflicts weigh on global trade: WTO

Sluggish economy, conflicts weigh on global trade: WTO

Sluggish economies and global conflicts are taking their toll on world commerce, the World Trade Organisation said Tuesday, slashing its trade growth outlook for 2015. "For trade growth it is important that you have certain elements present in the global

Published 15 Apr, 2015 12:00am

Sluggish economy, conflicts weigh on global trade: WTO

Sluggish economy, conflicts weigh on global trade: WTO

Sluggish economies and global conflicts are taking their toll on world commerce, the World Trade Organisation said Tuesday, slashing its trade growth outlook for 2015. "For trade growth it is important that you have certain elements present in the global

Published 15 Apr, 2015 12:00am

The Weather

The Weather

The weather report on Tuesday (April 14, 2015) and the forecast for Wednesday (April 15, 2015).

Published 15 Apr, 2015 12:00am

Sluggish economy, conflicts weigh on global trade: WTO

Sluggish economy, conflicts weigh on global trade: WTO

Sluggish economies and global conflicts are taking their toll on world commerce, the World Trade Organisation said Tuesday, slashing its trade growth outlook for 2015. "For trade growth it is important that you have certain elements present in the global

Published 15 Apr, 2015 12:00am

Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (April 14, 2015).

Published 15 Apr, 2015 12:00am

Punjab government moves Supreme Court against Lakhvi's release

Punjab government moves Supreme Court against Lakhvi's release

The Punjab government on Tuesday moved Supreme Court against a Lahore High Court decision suspending the detention of Zaik-ur-Rehman Lakhvi, the alleged mastermind of Mumbai attacks. The provincial government filed the appeal in the Supreme Court's Lahore

Published 15 Apr, 2015 12:00am

Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (April 14, 2015).

Published 15 Apr, 2015 12:00am

Punjab government moves Supreme Court against Lakhvi's release

Punjab government moves Supreme Court against Lakhvi's release

The Punjab government on Tuesday moved Supreme Court against a Lahore High Court decision suspending the detention of Zaik-ur-Rehman Lakhvi, the alleged mastermind of Mumbai attacks. The provincial government filed the appeal in the Supreme Court's Lahore

Published 15 Apr, 2015 12:00am

LME official prices

LME official prices

The following were Monday official prices.

Published 15 Apr, 2015 12:00am

KP chief minister meets Abdullah in Kabul

KP chief minister meets Abdullah in Kabul

Chief Minister Khyber Pakhtunkhwa Pervez Khattak on Tuesday reached Kabul on a two-day visit and held meeting with the Afghan Chief Executive Dr. Abdullah Abdullah. An official delegation comprising Senators, provincial ministers and provincial assembly m

Published 15 Apr, 2015 12:00am

LME official prices

LME official prices

The following were Monday official prices.

Published 15 Apr, 2015 12:00am

KP chief minister meets Abdullah in Kabul

KP chief minister meets Abdullah in Kabul

Chief Minister Khyber Pakhtunkhwa Pervez Khattak on Tuesday reached Kabul on a two-day visit and held meeting with the Afghan Chief Executive Dr. Abdullah Abdullah. An official delegation comprising Senators, provincial ministers and provincial assembly m

Published 15 Apr, 2015 12:00am

Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (April 14, 2015).

Published 15 Apr, 2015 12:00am

India signals end of talks on larger French Rafale deal

India signals end of talks on larger French Rafale deal

Any future Indian purchase of Rafale fighter jets will only come about through direct negotiations with the French government, the defence minister has said, effectively killing off talks about a massive deal. Indian Prime Minister Narendra Modi announced

Published 15 Apr, 2015 12:00am

Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (April 14, 2015)

Published 15 Apr, 2015 12:00am

India signals end of talks on larger French Rafale deal

India signals end of talks on larger French Rafale deal

Any future Indian purchase of Rafale fighter jets will only come about through direct negotiations with the French government, the defence minister has said, effectively killing off talks about a massive deal. Indian Prime Minister Narendra Modi announced

Published 15 Apr, 2015 12:00am

Lahore Paper Market Rates

Lahore Paper Market Rates

Paper market rates in rupees on Tuesday (April 14, 2015).

Published 15 Apr, 2015 12:00am

Boko Haram schoolgirl kidnappings: Nigeria marks first anniversary

Boko Haram schoolgirl kidnappings: Nigeria marks first anniversary

Nigeria's president-elect Muhammadu Buhari on Tuesday cautioned he could not make promises on the return of 219 schoolgirls kidnapped by Boko Haram, as the country marked the first anniversary of their abduction.

Published 15 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 Tuesday (April 14, 2015).

Published 15 Apr, 2015 12:00am

Boko Haram schoolgirl kidnappings: Nigeria marks first anniversary

Boko Haram schoolgirl kidnappings: Nigeria marks first anniversary

Nigeria's president-elect Muhammadu Buhari on Tuesday cautioned he could not make promises on the return of 219 schoolgirls kidnapped by Boko Haram, as the country marked the first anniversary of their abduction.

Published 15 Apr, 2015 12:00am

Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (April 14, 2015).

Published 15 Apr, 2015 12:00am

Up to 400 migrants died in boat capsize off Libya

Up to 400 migrants died in boat capsize off Libya

Up to 400 illegal migrants trying to reach Europe died after their boat capsized off the Libyan coast on Sunday, said survivors who were saved and brought to Italy.

Published 15 Apr, 2015 12:00am

Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (April 14, 2015).

Published 15 Apr, 2015 12:00am

Up to 400 migrants died in boat capsize off Libya

Up to 400 migrants died in boat capsize off Libya

Up to 400 illegal migrants trying to reach Europe died after their boat capsized off the Libyan coast on Sunday, said survivors who were saved and brought to Italy.

Published 15 Apr, 2015 12:00am

Dollar's rate in interbank market

Dollar's rate in interbank market

Interbank closing rates for dollar on Tuesday (April 14, 2015).

Published 15 Apr, 2015 12:00am

Almost all major parties to appear before JC

Almost all major parties to appear before JC

All major political parties, with the exception of MQM, have announced their decision to appear before the judicial commission tasked to probe allegations of systematic rigging in 2013 general elections.

Published 15 Apr, 2015 12:00am

Kerb buying and selling rate of US dollar

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Tuesday (April 14, 2015).

Published 15 Apr, 2015 12:00am

Almost all major parties to appear before JC

Almost all major parties to appear before JC

All major political parties, with the exception of MQM, have announced their decision to appear before the judicial commission tasked to probe allegations of systematic rigging in 2013 general elections.

Published 15 Apr, 2015 12:00am

THE RUPEE: stable trend

THE RUPEE: stable trend

A slight improvement in supply of dollar helped the rupee to extend its rise against the US currency on the local currency market on Tuesday, dealers said.

Published 15 Apr, 2015 12:00am

Delay in cotton procurement: MoC tells TCP to conduct probe

Delay in cotton procurement: MoC tells TCP to conduct probe

The Ministry of Commerce (MoC) has asked the Trading Corporation of Pakistan (TCP) to conduct inquiry into the delay in the procurement of 1,400 cotton bales. Sources told Business Recorder Tuesday that a month ago, the TCP had approached the ministry see

Published 15 Apr, 2015 12:00am

THE RUPEE: stable trend

THE RUPEE: stable trend

A slight improvement in supply of dollar helped the rupee to extend its rise against the US currency on the local currency market on Tuesday, dealers said.

Published 15 Apr, 2015 12:00am

Delay in cotton procurement: MoC tells TCP to conduct probe

Delay in cotton procurement: MoC tells TCP to conduct probe

The Ministry of Commerce (MoC) has asked the Trading Corporation of Pakistan (TCP) to conduct inquiry into the delay in the procurement of 1,400 cotton bales. Sources told Business Recorder Tuesday that a month ago, the TCP had approached the ministry see

Published 15 Apr, 2015 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 12	278.30
USD PKR Interbank Buying / Dec 12	278.05
USD to Japanese Yen / Dec 12	152.50
USD to Swiss Franc / Dec 12	0.89
Pound Sterling to USD / Dec 12	1.28
Euro to USD / Dec 12	1.05

Stock	Volume
S&P 500 / Dec 11	6,084.19
Nasdaq / Dec 11	20,034.89
Dow Jones / Dec 11	44,148.56
India Sensex / Dec 12	81,289.96
Tokyo Nikkei / Dec 12	39,849.14
Hang Seng / Dec 12	20,397.05
FTSE 100 / Dec 12	8,316.75
Germany DAX 30 / Dec 12	20,437.69

Item	Value
Gold 10 Grams PKR / Dec 11	240,484
Petrol/Litre / Dec 12	252.10
Crude Oil USD/Barrel / Dec 12	70.60
Karachi Cotton PKR/37.32 KG / Dec 12	17,585
Gold Spot USD/Ounce / Dec 12	2,718.02
Diesel/Litre / Dec 12	258.43

Gainers
Losers
Leaders

Stock	Price
Pak Int.Bulk / Dec 12 Pakistan International Bulk Terminal(PIBTL)	9.07 ▲ 1.00 (12.39%)
Gulistan Sp. / Dec 12 Gulistan Spinning Mills Limited(GUSM)	9.72 ▲ 0.96 (10.96%)
GhaniGlobalGlass / Dec 12 Ghani Global Glass Limited(GGGL)	10.16 ▲ 1.00 (10.92%)
LSE Capital / Dec 12 LSE Capital Limited(LSECL)	5.10 ▲ 0.48 (10.39%)
HBL Invest Fund / Dec 12 HBL Investment Fund(HIFA)	3.65 ▲ 0.34 (10.27%)
Frontier Ceram / Dec 12 Frontier Ceramics Limited(FRCL)	22.39 ▲ 2.04 (10.02%)
Treet Corp / Dec 12 Treet Corporation Limited(TREET)	22.29 ▲ 2.03 (10.02%)
Data Agro / Dec 12 Data Agro Limited(DAAG)	95.10 ▲ 8.65 (10.01%)
Blue-Ex Ltd / Dec 12 Blue-Ex Limited (GEM)(GEMBLUEX)	36.80 ▲ 3.35 (10.01%)

Stock	Price
Calcorp Ltd / Dec 12 Calcorp Limited(CASH)	26.31 ▼ -2.91 (-9.96%)
Elahi Cot. / Dec 12 Elahi Cotton Mills Limited(ELCM)	80 ▼ -8.45 (-9.55%)
Crescent Cotton / Dec 12 Crescent Cotton Mills Limited(CCM)	55 ▼ -5.31 (-8.80%)
Macter Int. Ltd / Dec 12 Macter International Limited(MACTER)	420.01 ▼ -34.84 (-7.66%)
Al-Khair Gadoon / Dec 12 Al-Khair Gadoon Limited(AKGL)	41.02 ▼ -3.18 (-7.19%)
Nimir Resins / Dec 12 Nimir Resins Limited(NRSL)	24.99 ▼ -1.68 (-6.30%)
Shadman Cotton / Dec 12 Shadman Cotton Mills Limited(SHCM)	29.29 ▼ -1.85 (-5.94%)
Shahzad Tex. / Dec 12 Shahzad Textile Mills Limited(SZTM)	28.10 ▼ -1.77 (-5.93%)
At-Tahur Ltd. / Dec 12 At-Tahur Limited(PREMA)	24.30 ▼ -1.50 (-5.81%)

Stock	Volume
WorldCall Telecom / Dec 12 Worldcall Telecom Limited(WTL)	226,157,298 ▲ 0.14
K-Electric Ltd. / Dec 12 K-Electric Limited(KEL)	135,915,842 ▼ -0.10
Cnergyico PK / Dec 12 Cnergyico PK Limited(CNERGY)	79,897,601 ▲ 0.11
Pak Int.Bulk / Dec 12 Pakistan International Bulk Terminal(PIBTL)	70,527,204 ▲ 1.00
Fauji Foods Ltd / Dec 12 Fauji Foods Limited(FFL)	57,124,498 ▲ 0.03
Lotte Chemical / Dec 12 Lotte Chemical Pakistan Limited(LOTCHEM)	54,841,208 ▲ 0.44
Sui South Gas / Dec 12 Sui Southern Gas Company Limited(SSGC)	38,560,585 ▲ 1.77
Treet Corp / Dec 12 Treet Corporation Limited(TREET)	30,726,759 ▲ 2.03
Symmetry Group / Dec 12 Symmetry Group Limited(SYM)	29,244,937 ▲ 1.41

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