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Print - 2015-04-23
Accused UK ''''flash crash'''' trader granted bail, fights extradition

Accused UK ''''flash crash'''' trader granted bail, fights extradition

A British trader accused by US authorities of an illegal role in the May 2010 Wall Street "flash crash" was granted bail by a London court on Wednesday after saying he opposed being extradited to the United States to face trial. The flash crash saw the Do
Published 23 Apr, 2015 12:00am
900 megawatts solar power project to be launched by Chinese company

900 megawatts solar power project to be launched by Chinese company

The 900MW largest solar power project would be launched in Pakistan with an investment of $1.5 billion by the Chinese company Zonergy Limited. Talking to a group of journalists, President Zonergy Yu Yong revealed that this project would be developed with
Published 23 Apr, 2015 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Exchange Companies Association of Pakistan on Wednesday (April 22, 2015).

Published 23 Apr, 2015 12:00am
900 megawatts solar power project to be launched by Chinese company

900 megawatts solar power project to be launched by Chinese company

The 900MW largest solar power project would be launched in Pakistan with an investment of $1.5 billion by the Chinese company Zonergy Limited. Talking to a group of journalists, President Zonergy Yu Yong revealed that this project would be developed with
Published 23 Apr, 2015 12:00am
900 megawatts solar power project to be launched by Chinese company

900 megawatts solar power project to be launched by Chinese company

The 900MW largest solar power project would be launched in Pakistan with an investment of $1.5 billion by the Chinese company Zonergy Limited. Talking to a group of journalists, President Zonergy Yu Yong revealed that this project would be developed with
Published 23 Apr, 2015 12:00am
Finland-based consortium to invest $1 billion

Finland-based consortium to invest $1 billion

A consortium of Finland-based companies announced to invest one billion dollar in the energy sector of Pakistan and offerred 1000 MW imported coal based power plant to the government. "The investors are waiting for the government nod after which the proje
Published 23 Apr, 2015 12:00am
Finland-based consortium to invest $1 billion

Finland-based consortium to invest $1 billion

A consortium of Finland-based companies announced to invest one billion dollar in the energy sector of Pakistan and offerred 1000 MW imported coal based power plant to the government. "The investors are waiting for the government nod after which the proje
Published 23 Apr, 2015 12:00am
Finland-based consortium to invest $1 billion

Finland-based consortium to invest $1 billion

A consortium of Finland-based companies announced to invest one billion dollar in the energy sector of Pakistan and offerred 1000 MW imported coal based power plant to the government. "The investors are waiting for the government nod after which the proje
Published 23 Apr, 2015 12:00am
Sharif family's assets: LHC reserves verdict

Sharif family's assets: LHC reserves verdict

A division bench of Lahore High Court on Wednesday reserved its verdict on a petition seeking the 'correct' distribution of the Sharif family's assets. Shahnaz Latif, mother of a Pakistan Muslim League-Nawaz Member of Provincial Assembly Mohsin Latif, has
Published 23 Apr, 2015 12:00am
ISE index up 22.89 points

ISE index up 22.89 points

Equities moved both ways at the Islamabad Stock Exchange (ISE) on Wednesday, where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 22.89 points as the ISE Ten Index moved
Published 23 Apr, 2015 12:00am
ISE index up 22.89 points

ISE index up 22.89 points

Equities moved both ways at the Islamabad Stock Exchange (ISE) on Wednesday, where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 22.89 points as the ISE Ten Index moved
Published 23 Apr, 2015 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (April 22, 2015).

Published 23 Apr, 2015 12:00am
LSE index gains 187.61 points

LSE index gains 187.61 points

The LSE-25 index jumped to 5715.09 against 5527.48 of Tuesday, showing a gain of 187.61 points as equities dominated the board on the Lahore Stock Exchange. The transaction volume also increased to 1.625 million shares compared with the day earlier volume
Published 23 Apr, 2015 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (April 22, 2015).

Published 23 Apr, 2015 12:00am
LSE index gains 187.61 points

LSE index gains 187.61 points

The LSE-25 index jumped to 5715.09 against 5527.48 of Tuesday, showing a gain of 187.61 points as equities dominated the board on the Lahore Stock Exchange. The transaction volume also increased to 1.625 million shares compared with the day earlier volume
Published 23 Apr, 2015 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (April 22, 2015).

Published 23 Apr, 2015 12:00am
US MIDDAY: gold tumbles

US MIDDAY: gold tumbles

Gold fell to its lowest level in more than a week on Wednesday, suffering its sharpest single session loss in over six weeks after a report showed strong US home sales in March, raising expectations for a June US Federal Reserve interest rate hike. Spot g
Published 23 Apr, 2015 12:00am
US MIDDAY: corn and soya slip

US MIDDAY: corn and soya slip

US corn futures touched a one-month low on Wednesday and soyabeans dropped on concern that a bird flu outbreak in the United States may cut feed demand, as forecasts for favourable US planting weather in coming weeks also weighed on prices. Wheat was slig
Published 23 Apr, 2015 12:00am
Gold drops in Europe

Gold drops in Europe

Gold fell more than one percent on Wednesday, on selling pressure as the dollar pared earlier losses after euro zone data disappointed, while the absence of major developments in the Greek crisis left investors cautious. Spot gold dropped as much as 1.2 p
Published 23 Apr, 2015 12:00am
Gold little changed in Asia

Gold little changed in Asia

Gold reversed earlier losses to trade above $1,200 on Wednesday as the US dollar weakened, with investors also keeping an eye on the Greek debt crisis and its impact on the currency markets. Spot gold was little changed at $1,203.11 an ounce by 0653 GMT,
Published 23 Apr, 2015 12:00am
Gold rises in New York

Gold rises in New York

Gold rose past chart resistance on Tuesday, recouping most of the previous session's losses in choppy, currency-driven trade after the US dollar turned lower and bolstered bullion's appeal. Global stocks gained as upbeat corporate earnings offset rising w
Published 23 Apr, 2015 12:00am
Brent up on more Yemen bombing; US crude dips after stock build

Brent up on more Yemen bombing; US crude dips after stock build

Oil prices diverged on Wednesday with Brent closing up on renewed fighting in Yemen while US crude fell after another weekly rise in inventories despite slower production. Futures of UK North Sea Brent, the more globally used benchmark for crude, settled
Published 23 Apr, 2015 12:00am
Coffee climbs, raw sugar rebounds

Coffee climbs, raw sugar rebounds

ICE arabica coffee futures pared advances after hitting a two-week high on Wednesday, as a stronger Brazilian real supported and buy-stops exaggerated gains, and raw sugar recovered most of the previous day's losses on the currency move and demand hopes.
Published 23 Apr, 2015 12:00am
Corn lower on US bird flu outbreak

Corn lower on US bird flu outbreak

US corn futures fell more than 1 percent on Tuesday on planting progress in the world's top producer, coupled with concerns about bird flu slowing demand for poultry feed, traders said. Soyabeans declined as the bird flu fears pressured futures for soyame
Published 23 Apr, 2015 12:00am
Rubber gains

Rubber gains

Benchmark Tokyo rubber futures extended gains on Wednesday after big Asian rubber producers planned to hike prices sharply, ditching a system of pegging them near the benchmark set by Singapore's SICOM exchange. The producers, including world No 1 Sri Tra
Published 23 Apr, 2015 12:00am
Palm oil falls

Palm oil falls

Malaysian palm oil futures fell on Wednesday, ending a three-day winning streak, as the ringgit rose and technical charts took a bearish turn, although traders expect prices to stay in a 2,100-2,200 ringgit range in the near term. Benchmark prices had ris
Published 23 Apr, 2015 12:00am
China demand angst puts a lid on copper prices

China demand angst puts a lid on copper prices

Weak demand from top consumer China and excess supplies kept copper prices little changed on Wednesday, while lead rose to a five-month high on expectations of shortages. Three-month copper on the London Metal Exchange ended down at $5,910 a tonne from $5
Published 23 Apr, 2015 12:00am
Shanghai copper slips

Shanghai copper slips

The most-traded June copper contract on the Shanghai Futures Exchange slipped 0.1 percent to 43,310 yuan ($6,974) a tonne on Wednesday as persistently weak consumer demand from China offset concerns that mine supply may fall below expectations. "China dem
Published 23 Apr, 2015 12:00am
ICE cotton hits one-month low as demand remains weak

ICE cotton hits one-month low as demand remains weak

Cotton futures fell to their lowest in more than a month on Wednesday as demand remained subdued despite significant losses in the past two weeks. The most active July cotton contract fell 0.07 cent, or 0.1 percent, to settle at 62.92 cents a lb after dro
Published 23 Apr, 2015 12:00am
Vote rigging: PTI files list of 'witnesses'

Vote rigging: PTI files list of 'witnesses'

Pakistan Tehreek-e-Insaf (PTI) on Wednesday filed a list of 13 witnesses before the recently-formed Judicial Commission to investigate alleged rigging in the 2013 general election. The witnesses include former caretaker Punjab Chief Minister Najam Sethi,
Published 23 Apr, 2015 12:00am
Vote rigging: PTI files list of 'witnesses'

Vote rigging: PTI files list of 'witnesses'

Pakistan Tehreek-e-Insaf (PTI) on Wednesday filed a list of 13 witnesses before the recently-formed Judicial Commission to investigate alleged rigging in the 2013 general election. The witnesses include former caretaker Punjab Chief Minister Najam Sethi,
Published 23 Apr, 2015 12:00am
Government concerned at arbitrary import bans, Iran told

Government concerned at arbitrary import bans, Iran told

Commerce Minister, Engineer Khurram Dastgir Khan has conveyed Pakistan's concerns to Iran with respect to arbitrary and unilateral import bans, high textile tariffs, and import authorisation system. Khurram Dastgir is in Tehran to attend seventh meeting o
Published 23 Apr, 2015 12:00am
Government concerned at arbitrary import bans, Iran told

Government concerned at arbitrary import bans, Iran told

Commerce Minister, Engineer Khurram Dastgir Khan has conveyed Pakistan's concerns to Iran with respect to arbitrary and unilateral import bans, high textile tariffs, and import authorisation system. Khurram Dastgir is in Tehran to attend seventh meeting o
Published 23 Apr, 2015 12:00am
Government concerned at arbitrary import bans, Iran told

Government concerned at arbitrary import bans, Iran told

Commerce Minister, Engineer Khurram Dastgir Khan has conveyed Pakistan''s concerns to Iran with respect to arbitrary and unilateral import bans, high textile tariffs, and import authorisation system. Khurram Dastgir is in Tehran to attend seventh meeting
Published 23 Apr, 2015 12:00am
First foreign bank in decades opens in Myanmar

First foreign bank in decades opens in Myanmar

The first foreign bank to operate in Myanmar for decades officially opened the doors of its Yangon branch Wednesday, the latest government attempt to attract more foreign investment to the emergent nation. Myanmar's quasi-civilian administration, which re
Published 23 Apr, 2015 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 23 Apr, 2015 12:00am
First foreign bank in decades opens in Myanmar

First foreign bank in decades opens in Myanmar

The first foreign bank to operate in Myanmar for decades officially opened the doors of its Yangon branch Wednesday, the latest government attempt to attract more foreign investment to the emergent nation. Myanmar's quasi-civilian administration, which re
Published 23 Apr, 2015 12:00am
EU charges Gazprom, risking new front against Russia

EU charges Gazprom, risking new front against Russia

The EU on Wednesday formally charged Russian gas giant Gazprom with abusing its dominant market position in Europe, risking a new battle with the Kremlin and deepening the crisis over Ukraine. The European Commission accused state-owned Gazprom with infri
Published 23 Apr, 2015 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 23 Apr, 2015 12:00am
EU charges Gazprom, risking new front against Russia

EU charges Gazprom, risking new front against Russia

The EU on Wednesday formally charged Russian gas giant Gazprom with abusing its dominant market position in Europe, risking a new battle with the Kremlin and deepening the crisis over Ukraine. The European Commission accused state-owned Gazprom with infri
Published 23 Apr, 2015 12:00am
EU charges Gazprom, risking new front against Russia

EU charges Gazprom, risking new front against Russia

The EU on Wednesday formally charged Russian gas giant Gazprom with abusing its dominant market position in Europe, risking a new battle with the Kremlin and deepening the crisis over Ukraine. The European Commission accused state-owned Gazprom with infri
Published 23 Apr, 2015 12:00am
Afghan Taliban announce 'spring offensive' to start Friday

Afghan Taliban announce 'spring offensive' to start Friday

The Afghan Taliban said their annual "spring offensive" will begin on Friday, vowing nation-wide attacks in what is expected to be the bloodiest fighting season in a decade as Nato forces pull back from the frontlines. This year's offensive marks the firs
Published 23 Apr, 2015 12:00am
Afghan Taliban announce 'spring offensive' to start Friday

Afghan Taliban announce 'spring offensive' to start Friday

The Afghan Taliban said their annual "spring offensive" will begin on Friday, vowing nation-wide attacks in what is expected to be the bloodiest fighting season in a decade as Nato forces pull back from the frontlines. This year's offensive marks the firs
Published 23 Apr, 2015 12:00am
India takes Al Jazeera off air in Kashmir map row

India takes Al Jazeera off air in Kashmir map row

India's government took Al Jazeera news channel off the air on Wednesday for five days after officials insisted it had repeatedly shown wrong maps of Kashmir. Al Jazeera in India showed a blue screen on Wednesday with a sign saying "as instructed by the m
Published 23 Apr, 2015 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (April 22, 2015).

Published 23 Apr, 2015 12:00am
India takes Al Jazeera off air in Kashmir map row

India takes Al Jazeera off air in Kashmir map row

India's government took Al Jazeera news channel off the air on Wednesday for five days after officials insisted it had repeatedly shown wrong maps of Kashmir. Al Jazeera in India showed a blue screen on Wednesday with a sign saying "as instructed by the m
Published 23 Apr, 2015 12:00am
LNG spot purchase accounts for higher cost

LNG spot purchase accounts for higher cost

The government's decision to continue spot purchase of LNG instead of a government-to-government deal accounts for higher cost of the commodity, well informed sources told Business Recorder. Sources revealed that the government is purchasing LNG at
Published 23 Apr, 2015 12:00am
LNG spot purchase accounts for higher cost

LNG spot purchase accounts for higher cost

The government's decision to continue spot purchase of LNG instead of a government-to-government deal accounts for higher cost of the commodity, well informed sources told Business Recorder. Sources revealed that the government is purchasing LNG at
Published 23 Apr, 2015 12:00am
Earth Day: WWF carrying out tree plantation drives

Earth Day: WWF carrying out tree plantation drives

The World Wide Fund for Nature-Pakistan celebrated the Earth Day by carrying out tree plantation drives in leading educational institutions to raise environmental awareness while symbolically tackling deforestation on Wednesday. Fund Director General Hamm
Published 23 Apr, 2015 12:00am
Trade & investment in Afghanistan: PAJCCI VP for infrastructure uplift

Trade & investment in Afghanistan: PAJCCI VP for infrastructure uplift

'Infrastructure development and swift clearance of consignments is necessary to boost trade and investment in Afghanistan.' This was stated by Haji Hameedullah, Vice President, Pakistan Afghanistan Joint Chamber of Commerce & Industry (PAJCCI) at an inter
Published 23 Apr, 2015 12:00am
KP Governor reaffirms commitment towards maintaining peace in FATA

KP Governor reaffirms commitment towards maintaining peace in FATA

KP Governor Sardar Mahtab Ahmad Khan has reaffirmed his commitment to maintain peace, harmony and happiness among the people of Federally Administered Tribal Areas (FATA) to make secure future of the young generation with a purpose to enable it to go ahea
Published 23 Apr, 2015 12:00am
Pakistan and India: Raghavan proposes more trade routes

Pakistan and India: Raghavan proposes more trade routes

High Commissioner of India to Pakistan, Dr T C A Raghavan, while laying stress on increasing volume of bilateral trade between India and Pakistan, observed that the goal can be achieved if we treat each other as normal trade partner. He said this while ad
Published 23 Apr, 2015 12:00am
Interwood launches new line of Signature Kitchens

Interwood launches new line of Signature Kitchens

Interwood Mobel, Pakistan's leading furniture brand, has launched their line of Signature Kitchens designed by acclaimed Italian architect Alfredio Zengiaro along with a new range of Smart Workstations and Wardrobes at their flagship store in Karachi on W
Published 23 Apr, 2015 12:00am
SU teachers, students observe Mother Earth Day

SU teachers, students observe Mother Earth Day

In recognition of the life and sustenance that the planet and its ecosystems provide to the earth's inhabitants, International Mother Earth Day was observed on Wednesday by the students and teachers of department of geography, University of Sindh Jamshoro
Published 23 Apr, 2015 12:00am
PU VC for subsidy on books to promote reading habit

PU VC for subsidy on books to promote reading habit

Punjab University's Vice Chancellor Professor Doctor Mujahid Kamran has called for subsidy on books to promote reading habit. He stated this while addressing a seminar organised by the university's Department of Information Management in collaboration wit
Published 23 Apr, 2015 12:00am
Budget fiscal year 2016: PAAPAM makes proposals

Budget fiscal year 2016: PAAPAM makes proposals

Chairman Pakistan Association of Automotive Parts and Accessories Manufactures Muhammad Siddique Misri, has sent proposals for the federal budget 2015-16 to the Finance Minister Senator Ishaque Dar as follows:
Published 23 Apr, 2015 12:00am
Export of mango: decision to ban use of wooden crates defended

Export of mango: decision to ban use of wooden crates defended

Patron-in-Chief and Chairperson of Mango Growers Co-operative Society Ltd Syed Zahid Hussain Gardezi has said that ban on use of wooden crates for export of mango by the Plant Protection and Quality Control Authority (PP&QC) (Ministry of Food Security and
Published 23 Apr, 2015 12:00am
Minister briefed about construction work on new Khanki Barrage

Minister briefed about construction work on new Khanki Barrage

Provincial Minister for Irrigation, Mian Yawar Zaman has said that supply of canal water will further improve for after the construction of new Khanki Barrage. He said the Punjab government is implementing a comprehensive plan of restoration of barrages s
Published 23 Apr, 2015 12:00am
Districts asked to purchase wheat at Rs 1300 per maund

Districts asked to purchase wheat at Rs 1300 per maund

The Punjab government has asked all districts to purchase wheat at the rate of Rs 1300 per maund. This was stated by Minister for Food Bilal Yasin while talking to representatives of Kissan Ittehad after a special meeting for reviewing the arrangements of
Published 23 Apr, 2015 12:00am
Irrational use of natural resources causing climate change

Irrational use of natural resources causing climate change

Irrational use of natural resources, deforestation and pollution, causing climate change and has deteriorated environment. This was stated by Vice Chancellor Professor Dr Iqrar Ahmad Khan of University of Agriculture Faisalabad(UAF) while addressing to pa
Published 23 Apr, 2015 12:00am
Economic policies Way forward for Pakistan lies in continuity: Zardari

Economic policies Way forward for Pakistan lies in continuity: Zardari

Former President Asif Ali Zardari has said that the way forward for Pakistan to make progress and join the comity of developed nations lay in continuity of economic policies. "Continuity, continuity and continuity is what is needed," he said in an intervi
Published 23 Apr, 2015 12:00am
Old Ravians Union honours Professor Dr Zaheer Siddiqui

Old Ravians Union honours Professor Dr Zaheer Siddiqui

The Old Ravians Union at their annual reunion have honoured Professor Dr Zaheer Ahmad Siddiqui, an eminent poet, distinguished professor and former registrar, for his 50 years meritorious services in research, administration and teaching for the of Govern
Published 23 Apr, 2015 12:00am