News Archives for Print - 2015-05-04 - Business Recorder

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Print - 2015-05-04

China-Pakistan Economic Corridor: JI asks government to take people into confidence

China-Pakistan Economic Corridor: JI asks government to take people into confidence

Jamaat-i-Islami chief, Siraj-ul-Haq has expressed the hope that federal government will take people into confidence regarding China-Pakistan Economic Corridor (CPEC) and will not make this mega project of national progress and development controversial.

Published 04 May, 2015 12:00am

KP Governor expresses grief

KP Governor expresses grief

Khyber Pakhtunkhwa Governor Sardar Mahtab Ahmad Khan has expressed sorrow and grief over the tragic bus accident that occurred in Dadu, Sindh on Sunday in which 9 passengers were burnt to death and 15 injured.

Published 04 May, 2015 12:00am

EastWest Institute names Munter new CEO

EastWest Institute names Munter new CEO

The Board of Directors of the EastWest Institute (EWI) announced the appointment of former US Ambassador Cameron Munter as its new President and Chief Executive Officer, effective August 1, 2015. Munter succeeds John Edwin Mroz, EWI's founder, who died la

Published 04 May, 2015 12:00am

Prime Minister condemns murder of PPP leader

Prime Minister condemns murder of PPP leader

Prime Minister Muhammad Nawaz Sharif Sunday strongly condemned the murder of Pakistan People's Party leader Rana Shafaqat in Jaranwala city of Punjab. According to a PM House statement, the Prime Minister sought report into the incident and asked the auth

Published 04 May, 2015 12:00am

Colourful cultural festival held in Peshawar

Colourful cultural festival held in Peshawar

A colourful peace and cultural festival was held here aimed at bringing smile on the faces of residents of violence-plagued Khyber Pakhtunkhwa (KP) and tribal areas to portray a soft image of the restive region to the world.

Published 04 May, 2015 12:00am

Google organises conference in KP

Google organises conference in KP

Google organised conference with young talented entrepreneurs, experts of information technology and those using Google to foster their businesses to boost entrepreneurship in the militancy affected Khyber Pakhtunkhwa. It is for the first time that Google

Published 04 May, 2015 12:00am

Menace of terrorism: Sherpao stresses need for Pak-Afghan cordial ties

Menace of terrorism: Sherpao stresses need for Pak-Afghan cordial ties

Qaumi Watan Party (QWP) chief Aftab Ahamd Khan Sherpao has said that the menace of terrorism could be eliminated if both Pakistan and Afghanistan establish cordial and friendly bilateral relations. He urged the federal government to focus on the implement

Published 04 May, 2015 12:00am

KP Police arrest 386 suspects under NAP

KP Police arrest 386 suspects under NAP

Khyber Pakhtunkhwa police rounded up 386 suspects and recovered huge cache of arms and ammunitions in the ongoing search and strike operation conducted under national action plan (NAP) throughout the province. During the operation conducted in different p

Published 04 May, 2015 12:00am

Security officer killed in SW

Security officer killed in SW

One security officer was killed when militants attacked a security check-post in South Waziristan on Sunday. As per security sources, some militants opened fire at the Sarogha security check-post retaliating to which one officer embraced martyrdom. Howeve

Published 04 May, 2015 12:00am

Iran hands over 33 deportees

Iran hands over 33 deportees

Iranian Security forces handed over 33 Pakistani nationals to Levies force on Pak-Iran border in Taftan area of the district on Sunday. According to Levies sources, these Pakistani workers were apprehended in Iran because they were living there without va

Published 04 May, 2015 12:00am

JI moves resolution against Altaf in Punjab Assembly

JI moves resolution against Altaf in Punjab Assembly

The parliamentary leader of Jamaat-i-Islami Dr Syed Waseem Akhtar has submitted a resolution in the Punjab Assembly Secretariat here on Sunday to condemn Muttahida Qaumi Movement (MQM) chief Altaf Hussain for his anti-army and Pakistan speeches. The resol

Published 04 May, 2015 12:00am

Shahbaz condoles death of JSQM chairman

Shahbaz condoles death of JSQM chairman

Punjab Chief Minister Muhammad Shahbaz Sharif has expressed deep sense of sorrow and grief over the death of Abdul Wahid Aresar, Chairman Jiye Sindh Qaumi Mahaz (JSQM). In a condolence message, the Chief Minister prayed that may Allah Almighty rest the de

Published 04 May, 2015 12:00am

KP Assembly resumes proceeding today

KP Assembly resumes proceeding today

Khyber Pakhtunkhwa Assembly will resume proceeding today (Monday) after a break of 10 days. The current session is the longest one in the history of the provincial assembly as it had entered into seven consecutive months. Due to the sit-in of the PTI chie

Published 04 May, 2015 12:00am

5,800 migrants rescued in Mediterranean

5,800 migrants rescued in Mediterranean

Another 5,800 migrants desperate to reach Europe were rescued this weekend as they tried to cross the Mediterranean on rickety boats, more than 2,150 of them on Sunday, the Italian coastguard said. The number rescued this weekend was one of the highest re

Published 04 May, 2015 12:00am

5,800 migrants rescued in Mediterranean

5,800 migrants rescued in Mediterranean

Another 5,800 migrants desperate to reach Europe were rescued this weekend as they tried to cross the Mediterranean on rickety boats, more than 2,150 of them on Sunday, the Italian coastguard said. The number rescued this weekend was one of the highest re

Published 04 May, 2015 12:00am

JSQM chief passes away

JSQM chief passes away

Jeay Sindh Qaumi Mahaz (JSQM) Chairman Abdul Wahid Aresar passed away at a private hospital here on Sunday. He was 65. The JSQM chief was suffering from kidney problems. He was undergoing treatment at a private hospital of the city for some time and breat

Published 04 May, 2015 12:00am

JSQM chief passes away

JSQM chief passes away

Jeay Sindh Qaumi Mahaz (JSQM) Chairman Abdul Wahid Aresar passed away at a private hospital here on Sunday. He was 65. The JSQM chief was suffering from kidney problems. He was undergoing treatment at a private hospital of the city for some time and breat

Published 04 May, 2015 12:00am

China, Japan, South Korea commit to economic policies supporting demand

China, Japan, South Korea commit to economic policies supporting demand

Central bankers and finance ministers from China, Japan and South Korea said on Sunday they remained committed to policies to support demand in the face of moderate and uneven global growth. The policymakers for the three North Asian economies held a tria

Published 04 May, 2015 12:00am

China, Japan, South Korea commit to economic policies supporting demand

China, Japan, South Korea commit to economic policies supporting demand

Central bankers and finance ministers from China, Japan and South Korea said on Sunday they remained committed to policies to support demand in the face of moderate and uneven global growth. The policymakers for the three North Asian economies held a tria

Published 04 May, 2015 12:00am

China, Japan, South Korea commit to economic policies supporting demand

China, Japan, South Korea commit to economic policies supporting demand

Central bankers and finance ministers from China, Japan and South Korea said on Sunday they remained committed to policies to support demand in the face of moderate and uneven global growth. The policymakers for the three North Asian economies held a tria

Published 04 May, 2015 12:00am

RAW hatching conspiracies to destabilise Pakistan: MQM

RAW hatching conspiracies to destabilise Pakistan: MQM

Muttahida Qaumi Movement (MQM), which has recently been accused of having links with the Indian Research and Analysis Wing (RAW), on Sunday blamed that the Indian spy agency is hatching conspiracies to destabilise Pakistan and different tactics are being

Published 04 May, 2015 12:00am

RAW hatching conspiracies to destabilise Pakistan: MQM

RAW hatching conspiracies to destabilise Pakistan: MQM

Muttahida Qaumi Movement (MQM), which has recently been accused of having links with the Indian Research and Analysis Wing (RAW), on Sunday blamed that the Indian spy agency is hatching conspiracies to destabilise Pakistan and different tactics are being

Published 04 May, 2015 12:00am

Dar meets US official

Dar meets US official

Finance Minister, Senator Mohammad Ishaq Dar held a meeting with Marisa Logo, Head of US Delegation to Asian Development Bank (ADB) Annual Board of Governors meeting here on Sunday. They exchanged views on the economic situation of Pakistan. Marisa also c

Published 04 May, 2015 12:00am

Dar meets US official

Dar meets US official

Finance Minister, Senator Mohammad Ishaq Dar held a meeting with Marisa Logo, Head of US Delegation to Asian Development Bank (ADB) Annual Board of Governors meeting here on Sunday. They exchanged views on the economic situation of Pakistan. Marisa also c

Published 04 May, 2015 12:00am

Dar meets US official

Dar meets US official

Finance Minister, Senator Mohammad Ishaq Dar held a meeting with Marisa Logo, Head of US Delegation to Asian Development Bank (ADB) Annual Board of Governors meeting here on Sunday. They exchanged views on the economic situation of Pakistan. Marisa also c

Published 04 May, 2015 12:00am

Dar calls on Azerbaijan President

Dar calls on Azerbaijan President

Minister for Finance Senator Mohammad Ishaq Dar here on Sunday called on the president of Republic of Azerbaijan Ilham Aliyev and exchanged views on bilateral, regional and international issues of mutual interests. The two leaders expressed satisfaction o

Published 04 May, 2015 12:00am

Dar calls on Azerbaijan President

Dar calls on Azerbaijan President

Minister for Finance Senator Mohammad Ishaq Dar here on Sunday called on the president of Republic of Azerbaijan Ilham Aliyev and exchanged views on bilateral, regional and international issues of mutual interests. The two leaders expressed satisfaction o

Published 04 May, 2015 12:00am

Indian HC official summoned

Indian HC official summoned

The First Secretary of the Indian High Commission in Islamabad was summoned to the Foreign Office on Sunday to lodge protest over the killing of a Pakistani unarmed inadvertent crosser, Amanat Ali son of Rasheed Ahmed, who was shot dead by the Indian Bord

Published 04 May, 2015 12:00am

Indian HC official summoned

Indian HC official summoned

The First Secretary of the Indian High Commission in Islamabad was summoned to the Foreign Office on Sunday to lodge protest over the killing of a Pakistani unarmed inadvertent crosser, Amanat Ali son of Rasheed Ahmed, who was shot dead by the Indian Bord

Published 04 May, 2015 12:00am

China, Taiwan meeting today after 60 years

China, Taiwan meeting today after 60 years

The leader of Taiwan's Nationalist Party will sit down with Chinese President Xi Jinping in Beijing on Monday in the first meeting between the heads of the ruling parties in the two rival states in more than 60 years. Xi, as head of China's ruling Communi

Published 04 May, 2015 12:00am

China, Taiwan meeting today after 60 years

China, Taiwan meeting today after 60 years

The leader of Taiwan's Nationalist Party will sit down with Chinese President Xi Jinping in Beijing on Monday in the first meeting between the heads of the ruling parties in the two rival states in more than 60 years. Xi, as head of China's ruling Communi

Published 04 May, 2015 12:00am

Gunmen kidnap seven policemen in Obaro

Gunmen kidnap seven policemen in Obaro

Dozens of gunmen from criminal gangs kidnapped seven police from a checkpoint in Punjab on Sunday, officials said. The kidnapping, and further fighting between insurgents and the military in the north-west of the country, underscored the range of security

Published 04 May, 2015 12:00am

Gunmen kidnap seven policemen in Obaro

Gunmen kidnap seven policemen in Obaro

Dozens of gunmen from criminal gangs kidnapped seven police from a checkpoint in Punjab on Sunday, officials said. The kidnapping, and further fighting between insurgents and the military in the north-west of the country, underscored the range of security

Published 04 May, 2015 12:00am

Wedding bus fire kills 11 in Dadu

Wedding bus fire kills 11 in Dadu

Eleven people died when a bus carrying a wedding party caught fire after hitting high-voltage power lines in Dadu on Sunday, police said. The bus was taking family members back to their village after a wedding party in the town of Dadu when it struck the

Published 04 May, 2015 12:00am

Wedding bus fire kills 11 in Dadu

Wedding bus fire kills 11 in Dadu

Eleven people died when a bus carrying a wedding party caught fire after hitting high-voltage power lines in Dadu on Sunday, police said. The bus was taking family members back to their village after a wedding party in the town of Dadu when it struck the

Published 04 May, 2015 12:00am

Illegally issuance of SIM cards: LHC orders PTA to investigate matter

Illegally issuance of SIM cards: LHC orders PTA to investigate matter

Lahore High Court (LHC) has issued directions to the Chairman Pakistan Telecommunication Authority (PTA) to investigate the matter of issuance of mobile SIM cards illegally without the knowledge and consent of citizens of Pakistan.

Published 04 May, 2015 12:00am

Illegally issuance of SIM cards: LHC orders PTA to investigate matter

Illegally issuance of SIM cards: LHC orders PTA to investigate matter

Lahore High Court (LHC) has issued directions to the Chairman Pakistan Telecommunication Authority (PTA) to investigate the matter of issuance of mobile SIM cards illegally without the knowledge and consent of citizens of Pakistan.

Published 04 May, 2015 12:00am

Illegally issuance of SIM cards: LHC orders PTA to investigate matter

Illegally issuance of SIM cards: LHC orders PTA to investigate matter

Lahore High Court (LHC) has issued directions to the Chairman Pakistan Telecommunication Authority (PTA) to investigate the matter of issuance of mobile SIM cards illegally without the knowledge and consent of citizens of Pakistan.

Published 04 May, 2015 12:00am

Zulfiqar Mirza, supporters booked under ATA for Badin unrest

Zulfiqar Mirza, supporters booked under ATA for Badin unrest

Police registered a First Information Report (FIR) against former Sindh home minister and estranged Pakistan People's Party (PPP) leader Dr Zulfiqar Mirza and his aides under various sections of Pakistan Penal Code (PPC) and the Anti-Terrorism Act (ATA) o

Published 04 May, 2015 12:00am

Zulfiqar Mirza, supporters booked under ATA for Badin unrest

Zulfiqar Mirza, supporters booked under ATA for Badin unrest

Police registered a First Information Report (FIR) against former Sindh home minister and estranged Pakistan People's Party (PPP) leader Dr Zulfiqar Mirza and his aides under various sections of Pakistan Penal Code (PPC) and the Anti-Terrorism Act (ATA) o

Published 04 May, 2015 12:00am

Three alleged terrorists killed in Baldia Town

Three alleged terrorists killed in Baldia Town

Three suspected terrorists were killed in an encounter with police in Baldia Town area of the city on Sunday night, while two policemen sustained injuries, the police said. According to the IG Sindh Police office the encounter took place in Ittehad Town n

Published 04 May, 2015 12:00am

Very hot conditions likely to continue

Very hot conditions likely to continue

The Meteoro-logical department has said that very hot weather conditions would continue in Sindh, Balochistan and South Punjab as weather remained hot and dry in most parts of the country on Sunday. In its daily weather forecast for today (Monday) the Met

Published 04 May, 2015 12:00am

German train drivers call week-long strike

German train drivers call week-long strike

Train drivers for German rail operator Deutsche Bahn announced a week-long strike to start Monday, their eighth work stoppage in 10 months of bitterly contentious wage negotiations.

Published 04 May, 2015 12:00am

Nigeria moves 275 Boko Haram hostages to relief camp

Nigeria moves 275 Boko Haram hostages to relief camp

Nigeria's military authorities on Sunday moved 275 women and children to a relief camp, days after rescuing them from Boko Haram's stronghold in the Sambisa forest, the state-run emergency agency said. The freed hostages, among almost 700 women and childr

Published 04 May, 2015 12:00am

Punjab government allowed to export wheat

Punjab government allowed to export wheat

The Economic Co-ordination Committee (ECC) of the Cabinet has allowed Punjab government to export surplus wheat on Government-to-Government basis aimed at creating physical and fiscal space for the provincial government for fresh procurement, well informe

Published 04 May, 2015 12:00am

Punjab government allowed to export wheat

Punjab government allowed to export wheat

The Economic Co-ordination Committee (ECC) of the Cabinet has allowed Punjab government to export surplus wheat on Government-to-Government basis aimed at creating physical and fiscal space for the provincial government for fresh procurement, well informe

Published 04 May, 2015 12:00am

Punjab government allowed to export wheat

Punjab government allowed to export wheat

The Economic Co-ordination Committee (ECC) of the Cabinet has allowed Punjab government to export surplus wheat on Government-to-Government basis aimed at creating physical and fiscal space for the provincial government for fresh procurement, well informe

Published 04 May, 2015 12:00am

THE RUPEE: modest gains

THE RUPEE: modest gains

The rupee managed to recover modestly against the dollar on the currency market, it, however, lost its value in terms of the euro during the week, ended on May 2, 2015. In the interbank market, the rupee picked up 10 paisas versus the dollar for buying an

Published 04 May, 2015 12:00am

THE RUPEE: modest gains

THE RUPEE: modest gains

The rupee managed to recover modestly against the dollar on the currency market, it, however, lost its value in terms of the euro during the week, ended on May 2, 2015. In the interbank market, the rupee picked up 10 paisas versus the dollar for buying an

Published 04 May, 2015 12:00am

FBR urged to introduce Benami Transaction (Prohibition) Act, 2015

FBR urged to introduce Benami Transaction (Prohibition) Act, 2015

Tax Reform Commission (TRC) has asked the Federal Board of Revenue (FBR) to take a major documentation measure by introducing the Benami Transaction (Prohibition) Act 2015 in budget (2015-16).

Published 04 May, 2015 12:00am

FBR urged to introduce Benami Transaction (Prohibition) Act, 2015

FBR urged to introduce Benami Transaction (Prohibition) Act, 2015

Tax Reform Commission (TRC) has asked the Federal Board of Revenue (FBR) to take a major documentation measure by introducing the Benami Transaction (Prohibition) Act 2015 in budget (2015-16).

Published 04 May, 2015 12:00am

FBR urged to introduce Benami Transaction (Prohibition) Act, 2015

FBR urged to introduce Benami Transaction (Prohibition) Act, 2015

Tax Reform Commission (TRC) has asked the Federal Board of Revenue (FBR) to take a major documentation measure by introducing the Benami Transaction (Prohibition) Act 2015 in budget (2015-16).

Published 04 May, 2015 12:00am

TRC asks FBR to renegotiate FTAs

TRC asks FBR to renegotiate FTAs

Tax Reform Commission (TRC) has asked the Federal Board of Revenue (FBR) to renegotiate Free Trade Agreements (FTAs) to ensure localisation of imported goods through providing adequate protection to local industry. It is learnt that the recommendations of

Published 04 May, 2015 12:00am

TRC asks FBR to renegotiate FTAs

TRC asks FBR to renegotiate FTAs

Tax Reform Commission (TRC) has asked the Federal Board of Revenue (FBR) to renegotiate Free Trade Agreements (FTAs) to ensure localisation of imported goods through providing adequate protection to local industry. It is learnt that the recommendations of

Published 04 May, 2015 12:00am

TRC asks FBR to renegotiate FTAs

TRC asks FBR to renegotiate FTAs

Tax Reform Commission (TRC) has asked the Federal Board of Revenue (FBR) to renegotiate Free Trade Agreements (FTAs) to ensure localisation of imported goods through providing adequate protection to local industry. It is learnt that the recommendations of

Published 04 May, 2015 12:00am

TRC asks FBR to renegotiate FTAs

TRC asks FBR to renegotiate FTAs

Tax Reform Commission (TRC) has asked the Federal Board of Revenue (FBR) to renegotiate Free Trade Agreements (FTAs) to ensure localisation of imported goods through providing adequate protection to local industry. It is learnt that the recommendations of

Published 04 May, 2015 12:00am

Futures spreads down 86 basis points

Futures spreads down 86 basis points

Futures spreads further downed by 86 basis points to 9.68 percent Week-on-Week (WoW) compared to 10.55 percent of the preceding week. Last week the daily trading volume was no exception and dropped by 54 percent to 30.54 million shares compared to the pre

Published 04 May, 2015 12:00am

Futures spreads down 86 basis points

Futures spreads down 86 basis points

Futures spreads further downed by 86 basis points to 9.68 percent Week-on-Week (WoW) compared to 10.55 percent of the preceding week. Last week the daily trading volume was no exception and dropped by 54 percent to 30.54 million shares compared to the pre

Published 04 May, 2015 12:00am

Futures spreads down 86 basis points

Futures spreads down 86 basis points

Futures spreads further downed by 86 basis points to 9.68 percent Week-on-Week (WoW) compared to 10.55 percent of the preceding week. Last week the daily trading volume was no exception and dropped by 54 percent to 30.54 million shares compared to the pre

Published 04 May, 2015 12:00am

Futures spreads down 86 basis points

Futures spreads down 86 basis points

Futures spreads further downed by 86 basis points to 9.68 percent Week-on-Week (WoW) compared to 10.55 percent of the preceding week. Last week the daily trading volume was no exception and dropped by 54 percent to 30.54 million shares compared to the pre

Published 04 May, 2015 12:00am

Equities down

Equities down

The Karachi equities declined by 0.1 percent, Week-on-Week (WoW), to close at 33,730 points on Thursday, last trading day of the week. The decline, analysts at Topline Research say, came after for the benchmark index''s continuous rising for a fourth cons

Published 04 May, 2015 12:00am

Equities down

Equities down

The Karachi equities declined by 0.1 percent, Week-on-Week (WoW), to close at 33,730 points on Thursday, last trading day of the week. The decline, analysts at Topline Research say, came after for the benchmark index's continuous rising for a fourth conse

Published 04 May, 2015 12:00am

Equities down

Equities down

The Karachi equities declined by 0.1 percent, Week-on-Week (WoW), to close at 33,730 points on Thursday, last trading day of the week. The decline, analysts at Topline Research say, came after for the benchmark index's continuous rising for a fourth conse

Published 04 May, 2015 12:00am

Pakistan supports talks

Pakistan supports talks

Pakistan has welcomed Afghan and Taliban officials 'reconciliation' talks that began in Qatar on Saturday, saying it would mark significant step towards opening formal talks to ending conflict in Afghanistan. Foreign secretary Aizaz Chaudhary while respon

Published 04 May, 2015 12:00am

Pakistan supports talks

Pakistan supports talks

Pakistan has welcomed Afghan and Taliban officials 'reconciliation' talks that began in Qatar on Saturday, saying it would mark significant step towards opening formal talks to ending conflict in Afghanistan. Foreign secretary Aizaz Chaudhary while respon

Published 04 May, 2015 12:00am

Increase in rate of ''further sales tax'' on the cards

Increase in rate of ''further sales tax'' on the cards

The Federal Board of Revenue (FBR) is planning to increase cost of doing business of un-registered businessmen, non-active taxpayers or non-filers by possible increase in the rate of "further sales tax" in coming budget (2015-16).

Published 04 May, 2015 12:00am

Increase in rate of 'further sales tax' on the cards

Increase in rate of 'further sales tax' on the cards

The Federal Board of Revenue (FBR) is planning to increase cost of doing business of un-registered businessmen, non-active taxpayers or non-filers by possible increase in the rate of "further sales tax" in coming budget (2015-16).

Published 04 May, 2015 12:00am

Increase in rate of 'further sales tax' on the cards

Increase in rate of 'further sales tax' on the cards

The Federal Board of Revenue (FBR) is planning to increase cost of doing business of un-registered businessmen, non-active taxpayers or non-filers by possible increase in the rate of "further sales tax" in coming budget (2015-16).

Published 04 May, 2015 12:00am

Progress toward peace talks unclear as Taliban, Afghan figures meet

Progress toward peace talks unclear as Taliban, Afghan figures meet

Taliban representatives met with Afghan political figures for a second day on Sunday, but it was unclear if the dialogue hosted by Qatar moved any closer to long-awaited formal negotiations to end Afghanistan's devastating war.

Published 04 May, 2015 12:00am

Progress toward peace talks unclear as Taliban, Afghan figures meet

Progress toward peace talks unclear as Taliban, Afghan figures meet

Taliban representatives met with Afghan political figures for a second day on Sunday, but it was unclear if the dialogue hosted by Qatar moved any closer to long-awaited formal negotiations to end Afghanistan's devastating war.

Published 04 May, 2015 12:00am

Coalition sends 'limited force' to Aden

Coalition sends 'limited force' to Aden

The Saudi-led coalition battling rebels in Yemen sent a "limited" force to the city of Aden Sunday, Yemeni sources said, in what would be its first ground deployment inside the country. A spokesman for the coalition denied that a major ground force has la

Published 04 May, 2015 12:00am

Coalition sends 'limited force' to Aden

Coalition sends 'limited force' to Aden

The Saudi-led coalition battling rebels in Yemen sent a "limited" force to the city of Aden Sunday, Yemeni sources said, in what would be its first ground deployment inside the country. A spokesman for the coalition denied that a major ground force has la

Published 04 May, 2015 12:00am

The Weather

The Weather

The weather report on Sunday (May 03, 2015) and the forecast for Monday (May 04, 2015).

Published 04 May, 2015 12:00am

Returns on Profit and Loss Sharing Investment Bank Accounts (JULY TO DECEMBER 2014)

Returns on Profit and Loss Sharing Investment Bank Accounts (JULY TO DECEMBER 2014)

Comparative table of returns being given banks on their Profit and Loss Sharing Investment Accounts and Term Deposits.

Published 04 May, 2015 12:00am

Your rupee last week

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (April 27 to 30 2015).

Published 04 May, 2015 12:00am

Aaj TV - Monday's schedule

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 04 May, 2015 12:00am

Gwadar-Kashgar Economic Corridor: rights of Baloch people should be accepted: JI

Gwadar-Kashgar Economic Corridor: rights of Baloch people should be accepted: JI

Rights of the people of Balochistan particularly Gwadar should be accepted on Gwadar-Kashgar Economic Corridor and the impression of according priority to only Punjab regarding the corridor project should be dispelled by the Prime Minister. This was state

Published 04 May, 2015 12:00am

Pakistani culture show in Washington attracts droves of visitors

Pakistani culture show in Washington attracts droves of visitors

Culture enthusiasts and tourists got an opportunity to experience many creative dimensions of life in contemporary Pakistan, and the ancient civilisations that flourished in the South Asian country whose rich heritage remained a central attraction on the

Published 04 May, 2015 12:00am

PJBF holds annual general meeting

PJBF holds annual general meeting

Pakistan-Japan Business Forum, a Bilateral Business Forum established in 2001 by business communities of Pakistan and Japan held its Annual General Meeting on April 25th. The patron in chief, Ambassador of Japan, Hiroshi Inomata presided with members of P

Published 04 May, 2015 12:00am

177 centres established for HSSC annual exams

177 centres established for HSSC annual exams

As many as 177 examination centres have been set up for Higher Secondary School Certificate (HSSC), Intermediate annual exams 2015 which will start in Rawalpindi Division from May 7 (Thursday). According to Chairman, Rawalpindi Board of Intermediate and S

Published 04 May, 2015 12:00am

EDB will function like a regulatory body?

EDB will function like a regulatory body?

Engineering Development Board (EDB) has reportedly decided to function like a regulatory body by putting extra financial burden on cars and motorcycle assemblers which will ultimately be passed on to consumers, well-informed sources told Business Recor

Published 04 May, 2015 12:00am

We expect to produce more than 153 Gigawatt hours per annum of electricity in the first year: CEO, Quaid-e-Azam Solar Power

Najam Ahmed Shah is Chief Executive Officer of Quaid-e-Azam Solar Power Pvt. Ltd (QA Solar). An Electrical Engineer by his first degree, he holds a Masters in Manufacturing and Supply Chain Management from Cranfield University, UK. He is a Fulbright Schol
Published 04 May, 2015 12:00am

We expect to produce more than 153 Gigawatt hours per annum of electricity in the first year: CEO, Quaid-e-Azam Solar Power

Najam Ahmed Shah is Chief Executive Officer of Quaid-e-Azam Solar Power Pvt. Ltd (QA Solar). An Electrical Engineer by his first degree, he holds a Masters in Manufacturing and Supply Chain Management from Cranfield University, UK. He is a Fulbright Schol
Published 04 May, 2015 12:00am

PSM on the path of revival

Pakistan Steel has an installed capacity of producing 1.1 Mtpy of raw steel for which 1,166,000 Mtn of Hot Metal (pig iron) is required. The benefits accruing from Pakistan Steel's performance and profitability are not confined only to this organisation b
Published 04 May, 2015 12:00am

Last overland route closure chokes off Lebanon exports

Lebanon's land exports to Gulf markets have been choked off, leaving millions of dollars in goods stranded after the closure of a vital crossing on the Syrian-Jordanian border last month. The Nasib border point was the last remaining gateway for Lebanese
Published 04 May, 2015 12:00am

Under pressure, India's students turn to cheating

Fifteen-year-old schoolgirl Payali knew she was doing wrong when she scribbled mnemonics on her hands before entering one of India's thousands of examination rooms. But like many other students, the pressure to pass her annual exams was too intense and so
Published 04 May, 2015 12:00am

Chinese investment

There is widespread support for the $46 billion proposed Chinese investment to Pakistan and the credit for the 52 memoranda of understanding signed between the two governments during the recent visit of Chinese President Xi Jinping to Pakistan has been ri
Published 04 May, 2015 12:00am

Fata reforms: a wrong start

The Fata Reforms Commission, set up about a year ago, presented its report to Khyber Pakhtunkhwa Governor Mehtab Ahmed Khan Abbasi on Thursday. Prepared by a five-member team of former government officials, director of an NGO, and headed by a retired bure
Published 04 May, 2015 12:00am

Where is regulators' joint committee?

The Securities and Exchange Commission of Pakistan (SECP) was required to be consulted in relation to the amalgamation scheme that seeks to combine KASB Bank and BankIslami to form one bank or structure. The keyword is consultation and not just State Bank
Published 04 May, 2015 12:00am

Breakaway Nagorny Karabakh elects new parliament

Azerbaijan's separatist region of Nagorny Karabakh went to the polls Sunday to elect a new parliament in a vote denounced as illegitimate by Baku and the West. For over two decades, the Armenia-Azerbaijan dispute over the territory - which no country reco
Published 04 May, 2015 12:00am

Soldier and civilian killed in intensifying Ukraine clashes

A Ukrainian soldier and a civilian were killed in the past 24 hours in Ukraine's separatist-held east amid a marked increase in fighting despite a fragile cease-fire, authorities said Sunday. "A Ukrainian soldier was killed and six others wounded over the
Published 04 May, 2015 12:00am

Maldives detains 175 supporters of former president Nasheed

Maldives authorities have detained 175 supporters of jailed former president Mohamed Nasheed for two weeks, according to court documents Sunday, after the US warned that democracy was in danger on the honeymoon islands. Police fired tear gas and baton-cha
Published 04 May, 2015 12:00am

Merkel in anti-Semitism warning

German Chancellor Angela Merkel warned Sunday that society must "never close its eyes" to anti-Semitism as she joined Holocaust survivors to mark 70 years since the liberation of the former Nazi concentration camp at Dachau.
Published 04 May, 2015 12:00am

With nobody set for majority, Britain braces for hung parliament

Britain is heading towards a hung parliament after Thursday's national election, fuelling uncertainty about the country's future in the European Union, its economic policy, and Scotland's place in the United Kingdom. Four days before Britain's closest ele
Published 04 May, 2015 12:00am

Baltimore lifts curfew, National Guard begins pullout

Baltimore's mayor on Sunday lifted a curfew that was imposed across the East Coast city following widespread riots, as thousands of National Guard troops began withdrawing from the scarred metropolis. Mayor Stephanie Rawlings-Blake had faced growing calls
Published 04 May, 2015 12:00am

Philippine rebels kill most wanted militant

The Philippines' most wanted Islamist militant, who escaped after a raid in January that killed 44 police commandos, was killed on Sunday in firefight with Muslim rebels, officials said. Protracted police operations to arrest three Islamist high-value tar
Published 04 May, 2015 12:00am

Burundi journalists gather after radio stations shut

Journalists in Burundi held a sombre gathering Sunday to mark World Press Freedom Day, after a week of political violence that has also seen radio stations shut down. "It's a sad day for the Burundian press because radio stations are closed, journalists a
Published 04 May, 2015 12:00am

Britain's baby princess meets the grandparents

Prince William and his wife Kate showed off their new baby daughter to their loved ones on Sunday as they thanked people around the world for their messages of congratulations. Among the well-wishers was William's brother Prince Harry, away serving with t
Published 04 May, 2015 12:00am

SurveyMonkey CEO dies

Dave Goldberg, Chief Executive Officer of SurveyMonkey and husband of Facebook Chief Operating Officer Sheryl Sandberg, died unexpectedly on Friday night, his brother wrote in a Facebook post on Saturday. "It's with incredible shock and sadness that I'm l
Published 04 May, 2015 12:00am

UNESCO awards press freedom prize to jailed Syria activist

The UN's cultural body on Sunday awarded its annual press freedom prize to Mazen Darwish, a Syrian journalist and rights activist who has been jailed by the regime for more than three years. Darwish was arrested on February 16, 2012 along with Hani Zaitan
Published 04 May, 2015 12:00am

Previous Day

Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / Jan 1

277.83

USD PKR Interbank Buying / Jan 1

277.73

USD to Japanese Yen / Jan 1

154.29

USD to Swiss Franc / Jan 1

0.89

Pound Sterling to USD / Jan 1

1.26

Stock Volume

India Sensex / Jan 1

80,331.40

Tokyo Nikkei / Jan 1

38,933.62

Item Value

Petrol/Litre / Jan 1

248.38

Crude Oil USD/Barrel / Jan 1

70.68

Karachi Cotton PKR/37.32 KG / Jan 1

17,685

Gold Spot USD/Ounce / Jan 1

2,664.27

Diesel/Litre / Jan 1

255.14

Gainers
Losers
Leaders

Stock Price

786 Invest Ltd / Nov 25

786 Investments Limited(786)

6.82

▼ 0.00 (0.00%)

AL-Abbas Sugar / Nov 25

Al-Abbas Sugar Mills Limited(AABS)

593.76

▼ 0.00 (0.00%)

Agro Allianz / Nov 25

Agro Allianz Limited(AAL)

16

▼ 0.00 (0.00%)

AL-Abid Silk / Nov 25

Al-Abid Silk Mills Limited(AASM)

3.49

▼ 0.00 (0.00%)

Ali Asghar / Nov 25

Ali Asghar Textile Mills Limited(AATM)

70.89

▼ 0.00 (0.00%)

Allied Bank / Nov 25

Allied Bank Limited(ABL)

120.21

▼ 0.00 (0.00%)

Abbott Lab. / Nov 25

Abbott Laboratories (Pakistan) Limited(ABOT)

1,023.10

▼ 0.00 (0.00%)

Abson Ind. / Nov 25

Abson Industries Limited(ABSON)

2.50

▼ 0.00 (0.00%)

Alfalah ETF. / Nov 25

Alfalah Consumer Index ETF.(ACIETF)

12.55

▼ 0.00 (0.00%)

Stock Price

786 Invest Ltd / Nov 25

786 Investments Limited(786)

6.82

▲ 0.00 (0.00%)

AL-Abbas Sugar / Nov 25

Al-Abbas Sugar Mills Limited(AABS)

593.76

▲ 0.00 (0.00%)

Agro Allianz / Nov 25

Agro Allianz Limited(AAL)

16

▲ 0.00 (0.00%)

AL-Abid Silk / Nov 25

Al-Abid Silk Mills Limited(AASM)

3.49

▲ 0.00 (0.00%)

Ali Asghar / Nov 25

Ali Asghar Textile Mills Limited(AATM)

70.89

▲ 0.00 (0.00%)

Allied Bank / Nov 25

Allied Bank Limited(ABL)

120.21

▲ 0.00 (0.00%)

Abbott Lab. / Nov 25

Abbott Laboratories (Pakistan) Limited(ABOT)

1,023.10

▲ 0.00 (0.00%)

Abson Ind. / Nov 25

Abson Industries Limited(ABSON)

2.50

▲ 0.00 (0.00%)

Alfalah ETF. / Nov 25

Alfalah Consumer Index ETF.(ACIETF)

12.55

▲ 0.00 (0.00%)

Stock Volume

WorldCall Telecom / Nov 25

Worldcall Telecom Limited(WTL)

177,135,830

▲ 0.00

K-Electric Ltd. / Nov 25

K-Electric Limited(KEL)

124,131,268

▲ 0.00

Hascol Petrol / Nov 25

Hascol Petroleum Limited(HASCOL)

105,013,176

▲ 0.00

Fauji Foods Ltd / Nov 25

Fauji Foods Limited(FFL)

77,697,371

▲ 0.00

Treet Battery / Nov 25

Treet Battery Limited(TBL)

43,783,366

▲ 0.00

B.O.Punjab / Nov 25

The Bank of Punjab(BOP)

36,573,763

▲ 0.00

Sui South Gas / Nov 25

Sui Southern Gas Company Limited(SSGC)

32,719,678

▲ 0.00

PIA Holding Co.Ltd / Nov 25

PIA Holding Company Limited(PIAHCLA)

27,969,689

▲ 0.00

Cnergyico PK / Nov 25

Cnergyico PK Limited(CNERGY)

25,874,820

▲ 0.00

Markets →

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NJLI Sarmaya Growth Fund Rates

KSE-100 settles above 98,000 for the first time as buying rally continues

Gold price per tola falls Rs4,300 in Pakistan

Prosecution of non-filers: Tax expert supports upcoming tax law

Stabilisation without growth: ventilators are not for recovery

Hundreds of PTI workers held: Gandapur, Bushra led convoy heading towards capital

‘Misleading statement’: FTO orders investigation against FBR officials

Dealing with the solar power rush

PPRA refuses to relax rules for Nadra procurement

NJLI Sarmaya Growth Fund Rates

FBR seeks compulsory retirement regime to clear ‘dead wood’

Cars on the cards

Arrests made as PTI convoys en route to Islamabad for protest

SNGPL’s unaudited accounts for 3Q2023: Rs135.67bn GIDC recovery raises serious questions

Aleem apprised of challenges facing SEZs

Selling gas to third parties

Telenor, Orion Towers: CCP completes formalities of PTCL’s acquisition

Tax dept barred from demanding post-dated cheque, bank certificate

NJLI Sarmaya Growth Fund Rates

Cars on the cards

Telenor, Orion Towers: CCP completes formalities of PTCL’s acquisition

FBR seeks compulsory retirement regime to clear ‘dead wood’

KSE-100 settles above 98,000 for the first time as buying rally continues

Gold price per tola falls Rs4,300 in Pakistan

Prosecution of non-filers: Tax expert supports upcoming tax law

Stabilisation without growth: ventilators are not for recovery

Balochistan’s road infrastructure: Govt sets 3-year timeline for Rs400bn projects

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