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May 11, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-04-15
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
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
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
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
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
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
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
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
BRIndex30 falls 229.1 points

BRIndex30 falls 229.1 points

On Tuesday, BRIndex30 opened at 18,989.80 points. It touched an intraday high of 19,020.78 points and an intraday low of 18,699.74 points and closed at 18,760.70 points which was -229.1 points or -1.21 percent lower than previous close. Total volume was 1
Published 15 Apr, 2015 12:00am
BRIndex30 falls 229.1 points

BRIndex30 falls 229.1 points

On Tuesday, BRIndex30 opened at 18,989.80 points. It touched an intraday high of 19,020.78 points and an intraday low of 18,699.74 points and closed at 18,760.70 points which was -229.1 points or -1.21 percent lower than previous close. Total volume was 1
Published 15 Apr, 2015 12:00am
Ministries squabble over LNG allocation

Ministries squabble over LNG allocation

Ministries of Petroleum and Water and Power have reportedly developed serious differences on the allocation of Liquefied Natural Gas (LNG) under a "hidden deal" and supplied to undeserved sectors, well informed sources in Petroleum Ministry told Business
Published 15 Apr, 2015 12:00am
Ministries squabble over LNG allocation

Ministries squabble over LNG allocation

Ministries of Petroleum and Water and Power have reportedly developed serious differences on the allocation of Liquefied Natural Gas (LNG) under a "hidden deal" and supplied to undeserved sectors, well informed sources in Petroleum Ministry told Business
Published 15 Apr, 2015 12:00am
Ministries squabble over LNG allocation

Ministries squabble over LNG allocation

Ministries of Petroleum and Water and Power have reportedly developed serious differences on the allocation of Liquefied Natural Gas (LNG) under a "hidden deal" and supplied to undeserved sectors, well informed sources in Petroleum Ministry told Business
Published 15 Apr, 2015 12:00am
Two parties, former CJP submit pleas to JC

Two parties, former CJP submit pleas to JC

Two political parties and a former Chief Justice of Pakistan Tuesday submitted applications to the newly-formed Judicial Commission to probe alleged vote rigging in the 2013 general elections.
Published 15 Apr, 2015 12:00am
Two parties, former CJP submit pleas to JC

Two parties, former CJP submit pleas to JC

Two political parties and a former Chief Justice of Pakistan Tuesday submitted applications to the newly-formed Judicial Commission to probe alleged vote rigging in the 2013 general elections.
Published 15 Apr, 2015 12:00am
NAB authorises fresh probe against former Prime Minister

NAB authorises fresh probe against former Prime Minister

The National Accountability Bureau (NAB) on Tuesday authorised fresh investigation against former Prime Minister Pervaiz Ashraf and others for alleged corruption in award of contract for 62 MW Rental Power Projects (RPP), Gujranwala.
Published 15 Apr, 2015 12:00am
NAB authorises fresh probe against former Prime Minister

NAB authorises fresh probe against former Prime Minister

The National Accountability Bureau (NAB) on Tuesday authorised fresh investigation against former Prime Minister Pervaiz Ashraf and others for alleged corruption in award of contract for 62 MW Rental Power Projects (RPP), Gujranwala.
Published 15 Apr, 2015 12:00am
Mega hydel projects: Wapda rejects PPIB's role in development

Mega hydel projects: Wapda rejects PPIB's role in development

Water and Power Development Authority (Wapda) has reportedly rejected Private Power Infrastructure Board's (PPIB) role in development of mega hydel projects and submitted a separate draft summary for the Economic Co-ordination Committee(ECC) of the Cabine
Published 15 Apr, 2015 12:00am
Mega hydel projects: Wapda rejects PPIB's role in development

Mega hydel projects: Wapda rejects PPIB's role in development

Water and Power Development Authority (Wapda) has reportedly rejected Private Power Infrastructure Board's (PPIB) role in development of mega hydel projects and submitted a separate draft summary for the Economic Co-ordination Committee(ECC) of the Cabine
Published 15 Apr, 2015 12:00am
Mega hydel projects: Wapda rejects PPIB''s role in development

Mega hydel projects: Wapda rejects PPIB''s role in development

Water and Power Development Authority (Wapda) has reportedly rejected Private Power Infrastructure Board''s (PPIB) role in development of mega hydel projects and submitted a separate draft summary for the Economic Co-ordination Committee(ECC) of the Cabin
Published 15 Apr, 2015 12:00am
UN imposes arms embargo on Iran-allied Houti rebels

UN imposes arms embargo on Iran-allied Houti rebels

The UN Security Council on Tuesday imposed an arms embargo targeting the Iran-allied Houthi rebels who now control most of Yemen as battles in the south of the country intensified. It also demanded the Houthis stop fighting and withdraw from areas they ha
Published 15 Apr, 2015 12:00am
UN imposes arms embargo on Iran-allied Houti rebels

UN imposes arms embargo on Iran-allied Houti rebels

The UN Security Council on Tuesday imposed an arms embargo targeting the Iran-allied Houthi rebels who now control most of Yemen as battles in the south of the country intensified. It also demanded the Houthis stop fighting and withdraw from areas they ha
Published 15 Apr, 2015 12:00am
US places sanctions on leader, backer of Houthis

US places sanctions on leader, backer of Houthis

The United States placed two top figures in Yemen's Huthi rebellion on its sanctions blacklist Tuesday, after the United Nations approved an arms embargo on the group.
Published 15 Apr, 2015 12:00am
US places sanctions on leader, backer of Houthis

US places sanctions on leader, backer of Houthis

The United States placed two top figures in Yemen's Huthi rebellion on its sanctions blacklist Tuesday, after the United Nations approved an arms embargo on the group.
Published 15 Apr, 2015 12:00am
Shahbaz-led team leaves for Riyadh today

Shahbaz-led team leaves for Riyadh today

A high level delegation headed by Chief Minister Shahbaz Sharif is reportedly leaving for Riyadh today (Wednesday) to ease Kingdom's 'concerns' over Pakistan's stand on the Yemen conflict. The delegation, to be comprised of senior cabinet members and pers
Published 15 Apr, 2015 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 15 Apr, 2015 12:00am
Shahbaz-led team leaves for Riyadh today

Shahbaz-led team leaves for Riyadh today

A high level delegation headed by Chief Minister Shahbaz Sharif is reportedly leaving for Riyadh today (Wednesday) to ease Kingdom's 'concerns' over Pakistan's stand on the Yemen conflict. The delegation, to be comprised of senior cabinet members and pers
Published 15 Apr, 2015 12:00am
Sindh Assembly condemns UAE deputy foreign minister's remarks

Sindh Assembly condemns UAE deputy foreign minister's remarks

The Sindh Assembly on Tuesday condemned the UAE deputy Foreign Minister's threatening remarks against Pakistan but opposition asked whether the provincial government would ban dignitaries from the Arab country hunting birds in the province.
Published 15 Apr, 2015 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 15 Apr, 2015 12:00am
Sindh Assembly condemns UAE deputy foreign minister's remarks

Sindh Assembly condemns UAE deputy foreign minister's remarks

The Sindh Assembly on Tuesday condemned the UAE deputy Foreign Minister's threatening remarks against Pakistan but opposition asked whether the provincial government would ban dignitaries from the Arab country hunting birds in the province.
Published 15 Apr, 2015 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 15 Apr, 2015 12:00am
Sukkur Airport closed for night operations

Sukkur Airport closed for night operations

Sukkur Airport has been closed for all night operations, due to technical faults. According to sources, airport runway lights caught faults on Monday evening and Civil Aviation Authority (CAA) after a lapse of over 24 hours remains unable to fix it.
Published 15 Apr, 2015 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 15 Apr, 2015 12:00am
Army personnel conferred military awards

Army personnel conferred military awards

Chief of Army Staff (COAS) General Raheel Sharif conferred military awards to Army personnel, for acts of gallantry in ongoing Operation Zarb-e-Azb in an investiture ceremony, held at General Headquarters on Tuesday.
Published 15 Apr, 2015 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 15 Apr, 2015 12:00am
Army personnel conferred military awards

Army personnel conferred military awards

Chief of Army Staff (COAS) General Raheel Sharif conferred military awards to Army personnel, for acts of gallantry in ongoing Operation Zarb-e-Azb in an investiture ceremony, held at General Headquarters on Tuesday.
Published 15 Apr, 2015 12:00am
Dastgir reaches Kabul

Dastgir reaches Kabul

Commerce Minister Engineer Khurram Dastgir Khan has reached Kabul (Afghanistan) to discuss Preferential Trade Agreement (PTA) and progress on the Afghanistan, Pakistan and Tajikistan Trilateral Transit Agreement. Commerce Minister is scheduled to hold mee
Published 15 Apr, 2015 12:00am
Dastgir reaches Kabul

Dastgir reaches Kabul

Commerce Minister Engineer Khurram Dastgir Khan has reached Kabul (Afghanistan) to discuss Preferential Trade Agreement (PTA) and progress on the Afghanistan, Pakistan and Tajikistan Trilateral Transit Agreement. Commerce Minister is scheduled to hold mee
Published 15 Apr, 2015 12:00am
Dastgir reaches Kabul

Dastgir reaches Kabul

Commerce Minister Engineer Khurram Dastgir Khan has reached Kabul (Afghanistan) to discuss Preferential Trade Agreement (PTA) and progress on the Afghanistan, Pakistan and Tajikistan Trilateral Transit Agreement. Commerce Minister is scheduled to hold mee
Published 15 Apr, 2015 12:00am
Growth in remittances has no major link with PRI: economists

Growth in remittances has no major link with PRI: economists

Growth in remittances has its own dynamics and seems to have no major link with the policy as claimed by Finance Minister Ishaq Dar, according to economists. Former Finance Minister Hafeez Pasha said Pakistan Remittance Initiative was launched in 2009-10
Published 15 Apr, 2015 12:00am
Growth in remittances has no major link with PRI: economists

Growth in remittances has no major link with PRI: economists

Growth in remittances has its own dynamics and seems to have no major link with the policy as claimed by Finance Minister Ishaq Dar, according to economists. Former Finance Minister Hafeez Pasha said Pakistan Remittance Initiative was launched in 2009-10
Published 15 Apr, 2015 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (April 14, 2015).

Published 15 Apr, 2015 12:00am
Growth in remittances has no major link with PRI: economists

Growth in remittances has no major link with PRI: economists

Growth in remittances has its own dynamics and seems to have no major link with the policy as claimed by Finance Minister Ishaq Dar, according to economists. Former Finance Minister Hafeez Pasha said Pakistan Remittance Initiative was launched in 2009-10
Published 15 Apr, 2015 12:00am
British HC, Nisar discuss MQM-related matters

British HC, Nisar discuss MQM-related matters

Interior Minister Chaudhry Nisar Ali Khan on Tuesday shared some 'important' information with British High Commissioner Philip Barton regarding the arrest of Moazzam Ali, a key suspect in the Dr Imran Farooq murder case.
Published 15 Apr, 2015 12:00am
British HC, Nisar discuss MQM-related matters

British HC, Nisar discuss MQM-related matters

Interior Minister Chaudhry Nisar Ali Khan on Tuesday shared some 'important' information with British High Commissioner Philip Barton regarding the arrest of Moazzam Ali, a key suspect in the Dr Imran Farooq murder case.
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
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
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
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
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
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
Shipping Intelligence

Shipping Intelligence

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

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
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
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
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
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
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
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
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
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
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
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