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May 12, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-05-13
Cotton market: rates firm as sellers refrain from big deals for now

Cotton market: rates firm as sellers refrain from big deals for now

Prices stabilised on the cotton market on Tuesday as leading ginners were not keen to make big deals due to limited stock with them, dealers said. The official spot rate was unchanged at Rs 5450, dealers said. In the ready session, over 6000 bales changed
Published 13 May, 2015 12:00am
Ogra approval sought: IPPs refuse to buy RLNG at $12.8 per mmbtu

Ogra approval sought: IPPs refuse to buy RLNG at $12.8 per mmbtu

Independent power plants have refused to purchase Re-Gasified Natural Gas (RLNG) at the provisional price of $12.8 per Million British Thermal Unit (mmbtu) until Oil and Gas Regulatory Authority or any other authority approves it, it was learnt.
Published 13 May, 2015 12:00am
LNG-based plants: Funding from PSDP opposed by minister

LNG-based plants: Funding from PSDP opposed by minister

Minister for Planning and Development Ahsan Iqbal has opposed the funding of Rs 125 billion LNG-based power plants from Public Sector Development Programme (PSDP), it was reliably learnt. Sources told Business Recorder that Minister for Planning Ah
Published 13 May, 2015 12:00am
Four cops killed in firing on FWO vehicle in Tank

Four cops killed in firing on FWO vehicle in Tank

At least four policemen were killed in firing by armed miscreants on a vehicle of Frontier Works Organisation (FWO) here on Tuesday. Police said that unknown armed men equipped with heavy automated weapons ambushed a vehicle of FWO in Deewan Shah Rourri a
Published 13 May, 2015 12:00am
Arab media forum opens in Dubai

Arab media forum opens in Dubai

The Arab Media Forum, the largest annual gathering of its kind, opened Tuesday in Dubai with lively debate on the future of the industry amid upheaval in the Middle East. Attended by around 1,500 people, the forum began with Organisation of Islamic Co-ope
Published 13 May, 2015 12:00am
Missing Bangladesh opposition spokesman surfaces in India

Missing Bangladesh opposition spokesman surfaces in India

Police in India have detained the chief spokesman of Bangladesh's main opposition party after he was found wandering in a disorientated state near the border, more than two months after he went missing in an alleged abduction. Salahuddin Ahmed, a former m
Published 13 May, 2015 12:00am
Turkey, Greece agree Aegean security measures, talk up Cyprus progress

Turkey, Greece agree Aegean security measures, talk up Cyprus progress

Turkey and Greece have agreed new security measures in the contested Aegean Sea and are backing efforts to resolve a long-running dispute over Cyprus, the foreign ministers of the two countries said on Tuesday. Ankara and Athens have a longstanding disput
Published 13 May, 2015 12:00am
Palestinians say they number 12.1 million people worldwide

Palestinians say they number 12.1 million people worldwide

The Palestinian Central Bureau of Statistics said Tuesday it has recorded a population of 12.1 million people, of whom 4.6 million live in the occupied territories and the remainder abroad. The figures show that at the end of 2014, 2.8 million Palestinian
Published 13 May, 2015 12:00am
Hollywood excludes women film directors

Hollywood excludes women film directors

The American Civil Liberties Union (ACLU) called Tuesday for government action to confront "widespread exclusion of women directors" in the US film and television industries. In letters to federal and California state civil rights authorities, it said wom
Published 13 May, 2015 12:00am
Iran should send aid ship to Djibouti, not Yemen: US

Iran should send aid ship to Djibouti, not Yemen: US

An Iranian ship purportedly carrying aid to Yemen should change course and head to Djibouti where the United Nations is overseeing humanitarian deliveries, US officials demanded Tuesday. The US military is tracking the ship after Tehran reportedly said it
Published 13 May, 2015 12:00am
Number of displaced in Iraq hits 2.8 million people

Number of displaced in Iraq hits 2.8 million people

The number of people displaced by conflict in Iraq since the start of 2014 has reached a new high of 2.8 million, the International Organisation for Migration said Tuesday. The IOM put the number at exactly 2,834,676 and said a wave of displacement caused
Published 13 May, 2015 12:00am
Kerry has 'frank' talks with Putin about Ukraine, Syria

Kerry has 'frank' talks with Putin about Ukraine, Syria

US Secretary of State John Kerry said he had "frank" talks about Ukraine, Syria and Iran with Russian President Vladimir Putin on Tuesday and said it was important to keep in contact. With the United States and Russia on opposite sides of the conflicts in
Published 13 May, 2015 12:00am
Air strikes hit Sanaa, UN envoy arrives hours before truce

Air strikes hit Sanaa, UN envoy arrives hours before truce

Saudi-led air strikes pounded the rebel-held Yemeni capital Sanaa on Tuesday just hours before a five-day humanitarian cease-fire was set to begin. Looking to prepare for the truce and jumpstart stalled political talks among Yemen's civil war factions, th
Published 13 May, 2015 12:00am
Asia's drifting boatpeople a looming humanitarian crisis: UN

Asia's drifting boatpeople a looming humanitarian crisis: UN

Several thousand migrants, many of them hungry and sick, are adrift in boats in Southeast Asian seas and governments of the region must rescue them quickly to avert a "massive humanitarian crisis", the United Nations said on Tuesday.
Published 13 May, 2015 12:00am
Hollande in Haiti to promise help from resented France

Hollande in Haiti to promise help from resented France

President Francois Hollande arrived in Haiti on Tuesday to boost France's role in what was once its richest Caribbean possession but is now a desperately poor nation with a bitter colonial legacy.
Published 13 May, 2015 12:00am
Aamer focused on World Twenty20 return

Aamer focused on World Twenty20 return

Fast bowler Mohammad Aamer said on Tuesday he was focused on joining Pakistan's national side for next year's World Twenty20 tournament after impressive bowling in a key domestic event. The 23-year-old, who was banned with then Pakistan Test captain Salma
Published 13 May, 2015 12:00am
Djokovic starts with Rome win, Murray decides to play

Djokovic starts with Rome win, Murray decides to play

Holder Novak Djokovic needed a late break in the final set to beat Nicolas Almagro 6-1, 6-7 (5/7), 6-3 in an opening match at the Italian Open on Tuesday. The Serb world number one rank took his record on the clay of the capital to a 30-5 career record he
Published 13 May, 2015 12:00am
Zimbabwe announces squad for Pakistan tour

Zimbabwe announces squad for Pakistan tour

Zimbabwe on Tuesday announced a 16-man squad to tour Pakistan for three one-day and two T20 internationals. The tour beginning on March 22 is the first by a Test-playing nation since terror attacks on the Sri Lankan team bus in March 2009 in which six Pak
Published 13 May, 2015 12:00am
Personal row casts shadow over Spanish soccer

Personal row casts shadow over Spanish soccer

A long-simmering squabble between Spain's most powerful football chiefs could bring the Lionel Messi and Cristiano Ronaldo show to a halt this weekend. The feud between Angel Maria Villar, head of the Spanish football federation, the RFEF, and Javier Teba
Published 13 May, 2015 12:00am
Toure hails anti-racism monitoring system

Toure hails anti-racism monitoring system

Manchester City midfielder Yaya Toure on Tuesday welcomed the creation of a new anti-discrimination monitoring system for the 2018 World Cup qualifiers by world governing body FIFA. FIFA will send independent observers trained by the European anti-discrim
Published 13 May, 2015 12:00am
Strauss says 'trust issue' reason for Pietersen exile

Strauss says 'trust issue' reason for Pietersen exile

England director of cricket Andrew Strauss said Tuesday that Kevin Pietersen was "not part of our plans for the summer", saying there was a "massive trust issue" between the England and Wales Cricket Board and the controversial batsman. Strauss stopped sh
Published 13 May, 2015 12:00am
Thousand dollar super-seats at Euro 2016

Thousand dollar super-seats at Euro 2016

Tickets for the 2016 European Championships in France will cost up to 1,000 dollars, but organisers said Tuesday that a quarter of a million seats will be sold cutprice. The top price of 895 euros (1,000 dollars) will be charged for top category tickets f
Published 13 May, 2015 12:00am
Hazard completes awards double

Hazard completes awards double

Chelsea midfielder Eden Hazard has been voted the 2015 Footballer of the Year by England's Football Writers' Association, just weeks after receiving a similar award from the country's Professional Footballers' Association.
Published 13 May, 2015 12:00am
Aussie top-scorer denied World Cup berth

Aussie top-scorer denied World Cup berth

Record goal-scorer Kate Gill was a shock omission on Tuesday as Australia unveiled a new-look squad for the upcoming Women's World Cup in Canada. Gill, 30, has 40 goals in 83 games for the Matildas, and on Monday collected the golden boot for her 12 strik
Published 13 May, 2015 12:00am
England a 'laughing stock' over Pietersen: former Proteas skipper

England a 'laughing stock' over Pietersen: former Proteas skipper

Former South Africa captain Graeme Smith was among several pundits who slammed Andrew Strauss's decision to maintain Kevin Pietersen's international exile, saying it had made English cricket a "laughing stock". Strauss, one of several England captains who
Published 13 May, 2015 12:00am
Men Netball Championship from May 24

Men Netball Championship from May 24

Pakistan Netball Federation (PNF) in collaboration with Pakistan Sports Board (PSB) is holding the National Inter Provincial Men Netball Championship at Hamidi Hall, PSB Sports Complex, Islamabad on May 24 and 25. Teams from Sindh, Punjab, KPK and Balochi
Published 13 May, 2015 12:00am
Aussie soars, New Zealand dollar off lows

Aussie soars, New Zealand dollar off lows

The Australian dollar nudged higher on Tuesday and its New Zealand counterpart moved off multi-week lows as a rout in global bond markets sent local yields further above those in the United States. The Australian dollar was firm at $0.7912, having traded
Published 13 May, 2015 12:00am
Sterling races to 5-month high

Sterling races to 5-month high

Sterling hit a five-month high on Tuesday, rising past $1.57 against the dollar after better-than-expected industrial output data bolstered the view that the British economy is outpacing many of its developed world peers. Industrial output rose 0.5 percen
Published 13 May, 2015 12:00am
Ringgit leads Asia FX losses

Ringgit leads Asia FX losses

Most emerging Asian currencies lost ground on Tuesday as persistent concerns over Greece's debt crisis checked risk appetite and as rising US Treasury yields dented the allure of higher yielding assets in the region. The Malaysian ringgit led regional los
Published 13 May, 2015 12:00am
Egyptian pound steady

Egyptian pound steady

Egypt's central bank kept the pound steady at 7.53 to the dollar at a foreign exchange auction on Tuesday, while the currency strengthened slightly on the black market. The central bank has held the official exchange rate steady for more than three months
Published 13 May, 2015 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 05.50-7.50 percent (* Previous 05.75-07.50 percent). (* revised).
Published 13 May, 2015 12:00am
Sri Lanka allows rupee to fall more

Sri Lanka allows rupee to fall more

Sri Lanka's central bank on Tuesday allowed the rupee to fall by guiding a daily trading band lower, the third downward adjustment since April 30, in a move dealers said reflected lower domestic interest rates and a broadly strong dollar. The central bank
Published 13 May, 2015 12:00am
Dollar gains against euro in New York; kiwi plunges

Dollar gains against euro in New York; kiwi plunges

The US dollar rose against the euro on Monday on renewed worries over a Greek exit from the eurozone, while the New Zealand dollar hit more than seven-week lows against the greenback on speculation the country's central bank might cut interest rates. Fina
Published 13 May, 2015 12:00am
Early trade in New York: Dollar tumbles against euro

Early trade in New York: Dollar tumbles against euro

The US dollar slumped against the euro and Swiss franc on Tuesday after a spike higher in German Bund yields overshadowed a similar rise in US Treasury yields and generated demand for the European currencies. German 10-year Bund yields shot up 22 basis po
Published 13 May, 2015 12:00am
Euro rises against weaker dollar in Europe

Euro rises against weaker dollar in Europe

The euro rose against a broadly weaker dollar in Europe on Tuesday, with gyrations on the bond market undermining the broad story of US currency strength that has dominated the past year on foreign exchange markets. The latest move in a broad repricing of
Published 13 May, 2015 12:00am
Dollar strengthens in Asia

Dollar strengthens in Asia

The dollar firmed against major counterparts on Tuesday, as ongoing anxiety over Greece's debt crisis helped push the euro toward a one-week low. Two Greek finance ministry officials told Reuters that Athens paid about 750 million euros to the Internation
Published 13 May, 2015 12:00am
EasyJet slumps as bond market sell-off hits FTSE

EasyJet slumps as bond market sell-off hits FTSE

Britain's top share index slid lower on Tuesday, weighed down by airline easyJet as a global bond sell-off hit markets and ensured that optimism after a decisive British election was short-lived. The bluechip FTSE 100 index fell 1.4 percent to 6,933.80 po
Published 13 May, 2015 12:00am
Most Southeast Asian stocks fall

Most Southeast Asian stocks fall

Thai stock index hit a more than four-month low on Tuesday as investors stayed on the sidelines amid a fall in the baht while most other markets in Southeast Asia fell amid foreign outflows and concerns about debt talks between Greece and its creditors. B
Published 13 May, 2015 12:00am
Australian shares up

Australian shares up

Australian shares closed higher for the first time in a week on Tuesday as the banking sector staged a tentative comeback after an extended slide. The S&P/ASX 200 index ended 0.9 percent, or 49.5 points, higher at 5,674.7, pulling away from a three-month
Published 13 May, 2015 12:00am
European shares fall as bond market sell-off rattles investors

European shares fall as bond market sell-off rattles investors

European shares fell sharply on Tuesday as a sell-off in global bond markets led investors to trim their exposure to risk. The pan-European FTSEurofirst 300 index closed down 1.3 percent at 1,574.61 points and Germany's DAX ended the day down 1.7 percent.
Published 13 May, 2015 12:00am
China stocks keep upward momentum

China stocks keep upward momentum

China stocks rose for the third consecutive session on Tuesday, with the market maintaining momentum generated by the central bank's interest rate cut over the weekend. Most sectors were up but real estate and banking stocks dipped on profit-taking. Shenz
Published 13 May, 2015 12:00am
Hong Kong shares lower

Hong Kong shares lower

Hong Kong stocks fell on Tuesday, hurt by profit-taking in property and financial stocks following the previous session's rise triggered by China's weekend decision to cut interest rates. The Hang Seng index fell 1.1 percent, to 27,407.18, while the China
Published 13 May, 2015 12:00am
Treasury yields jump

Treasury yields jump

US Treasury yields rose on Monday before the US government will sell $64 billion in new debt this week, and ahead of a number of economic releases that will give new insight into the pace of US growth. The Treasury is due to sell $24 billion in three-year
Published 13 May, 2015 12:00am
Treasury yields jump

Treasury yields jump

US Treasury yields rose on Monday before the US government will sell $64 billion in new debt this week, and ahead of a number of economic releases that will give new insight into the pace of US growth. The Treasury is due to sell $24 billion in three-year
Published 13 May, 2015 12:00am
Taiwan stocks down

Taiwan stocks down

Taiwan stocks were slightly down on Tuesday as early bargain-hunting gave way to concerns about the near-term outlook for local tech companies, and on global market weakness. The main TAIEX index was off 0.1 percent at 9,656.40 as of 0203 GMT, after closi
Published 13 May, 2015 12:00am
Wall Street ends down on global jitters; oil stocks lower

Wall Street ends down on global jitters; oil stocks lower

Wall Street closed lower on Monday as investors fretted about Greece's precarious financial condition and slowing growth in China, while energy stocks fell on weaker oil prices. US stocks, which rallied on Friday on a strong jobs report, have been trading
Published 13 May, 2015 12:00am
Tuesday's early trade: stocks pare early losses as Treasuries rebound

Tuesday's early trade: stocks pare early losses as Treasuries rebound

US stocks pared most of their early losses on Tuesday after Treasury prices turned positive. Stocks indexes had earlier fallen to their lowest in about a week, tracking European markets amid a global bond rout. Ten-year US Treasury yields, the benchmark f
Published 13 May, 2015 12:00am
Nikkei stays flat

Nikkei stays flat

Tokyo's benchmark index finished flat on Tuesday after late bargain-hunting offset early losses, while investors nervously eye Greece's tense bailout talks. The Nikkei 225 at the Tokyo Stock Exchange, which was down 0.62 percent at the break, edged up 0.0
Published 13 May, 2015 12:00am
Worries over delay in land, tax reforms spook Indian shares

Worries over delay in land, tax reforms spook Indian shares

Indian shares fell more than 2 percent on Tuesday, giving up most of their gains made in the previous two sessions, as stocks across the board declined on worries that key land acquisition and tax reforms would be delayed further. Forty-eight stocks of th
Published 13 May, 2015 12:00am
Volatile oil, Yemen concerns leave Gulf markets mixed

Volatile oil, Yemen concerns leave Gulf markets mixed

Gulf stock markets were mixed on Tuesday as oil prices swung from loss to gain and it remained unclear whether an agreed truce in Yemen would take effect and stay in place. Saudi-led air strikes pounded the Yemeni capital Sanaa on Tuesday, hours before a
Published 13 May, 2015 12:00am
EU, Turkey to update customs union

EU, Turkey to update customs union

The EU and Turkey agreed to update a 20-year-old customs union on Tuesday, while Brussels promised to address Ankara's concerns about a huge European trade deal with the United States. Turkey is a long-standing candidate for EU membership, beginning so-ca
Published 13 May, 2015 12:00am
Britain cuts Lloyds bank stake to below 20 percent

Britain cuts Lloyds bank stake to below 20 percent

Britain has cut its stake in state-rescued Lloyds Banking Group to just under 20 percent after offloading another chunk of shares, the government said Tuesday. The Treasury announced in a statement that it has sold about 2.0 percent of Lloyds for another
Published 13 May, 2015 12:00am
China adopts IMF standards to calculate capital flows

China adopts IMF standards to calculate capital flows

China has adopted the International Monetary Fund's (IMF)standards to calculate its balance of payments data, the Chinese currency regulator said on Tuesday, as authorities work to turn the yuan into a global reserve currency. The State Administration of
Published 13 May, 2015 12:00am
Statoil shakes up management with new CFO, US chief

Statoil shakes up management with new CFO, US chief

Norwegian oil firm Statoil replaced several top executives including its chief financial officer on Tuesday, continuing a shake-up since its chief executive was poached by rival BG Group last October. State-controlled Statoil has lost four board members,
Published 13 May, 2015 12:00am
LatAm Airlines preps debt sale in US

LatAm Airlines preps debt sale in US

LatAm Airlines is wrapping roadshows on Tuesday in the US ahead of a potential sale of debt securities through leads Citigroup, Deutsche Bank and J.P. Morgan, said a source. The borrower is marketing a specialised type of aircraft financing called enhance
Published 13 May, 2015 12:00am
Airbus holds first A400M test flight since deadly crash

Airbus holds first A400M test flight since deadly crash

Airbus on Tuesday carried out the first test flight of a new A400M since one of the military transport planes crashed in Spain over the weekend, killing four people. In a sign of the company's confidence in the plane, the boss of Airbus Military Fernando
Published 13 May, 2015 12:00am
US small business confidence perks up; jobs market solid

US small business confidence perks up; jobs market solid

US small business owners gained confidence in April and were surprisingly bullish about capital expenditure plans, further supporting views that economic growth was rebounding after a dismal first quarter. The National Federation of Independent Business s
Published 13 May, 2015 12:00am
Wage growth may be on tap as more Americans quit jobs

Wage growth may be on tap as more Americans quit jobs

Americans are becoming more apt to quit their jobs, a government report showed on Tuesday, a sign that a stronger labour market and falling unemployment rate could result in healthier wage growth and inflation. The three-month quit rate for non-government
Published 13 May, 2015 12:00am
Verizon to buy AOL in $4.4 billion mobile video push

Verizon to buy AOL in $4.4 billion mobile video push

Verizon Communications Inc is buying AOL Inc in a $4.4 billion bet that a push into mobile video and targeted advertising can help the biggest US telecommunications company find new growth avenues. AOL and its properties, including the Huffington Post, Te
Published 13 May, 2015 12:00am
Asia hit hard as Australia slashes foreign aid budget

Asia hit hard as Australia slashes foreign aid budget

Australia has slashed its foreign aid budget by almost Aus$1.0 billion (US $800 million) with Asian and African countries bearing the brunt, according to budget papers released Tuesday. The aid budget will fall by Aus$980.2 million to Aus$4.1 billion in 2
Published 13 May, 2015 12:00am
Libyan oil company AGOCO pumping up to 260,000 bpd

Libyan oil company AGOCO pumping up to 260,000 bpd

Libya's Arabian Gulf Oil Co (AGOCO) is producing 230,000 to 260,000 barrels per day, a company spokesman said on Sunday, down some 35,000 bpd because a protest closed the Nafoura oilfield. The company's port of Hariga is expecting three tankers to lift oi
Published 13 May, 2015 12:00am
Ahold and Delhaize in preliminary merger talks

Ahold and Delhaize in preliminary merger talks

Dutch retailer Ahold and Belgian supermarket chain Delhaize have begun discussions at the highest level on a possible merger, Belgian newspapers reported on Saturday. The reports in financial newspapers De Tijd and L'Echo, quoting several unnamed sources,
Published 13 May, 2015 12:00am
Australia targets multinationals in tax crackdown

Australia targets multinationals in tax crackdown

Australia on Monday announced plans to go after large multinational firms shifting profits offshore to minimise taxes, with 30 companies in the government's sights. It also outlined proposals to force companies selling digital products, such as streamed c
Published 13 May, 2015 12:00am
Interest rate cut puts China banks' profits on the line

Interest rate cut puts China banks' profits on the line

China's banks are facing their toughest year since the onset of the global financial crisis in 2009, with interest rate cuts and liberalisation of the deposit rate system eating into their profit margins. The People's Bank of China (PBOC) cut interest rat
Published 13 May, 2015 12:00am
South Korea says North behind work slow-down in Kaesong joint zone

South Korea says North behind work slow-down in Kaesong joint zone

South Korea accused Pyongyang on Monday of masterminding a work slow-down at the Kaesong joint industrial zone in a bid to push wage-rise demands for the 53,000 North Korean workers employed there. The Unification Ministry, which is urging the 120 South K
Published 13 May, 2015 12:00am
Israel to buy four patrol boats from Germany

Israel to buy four patrol boats from Germany

Israel on Monday signed a deal to buy four navy patrol boats from Germany's ThyssenKrupp to protect its offshore gas installations, Defence Minister Moshe Yaalon said. The deal, valued at 430 million euros ($480 million), will significantly improve the na
Published 13 May, 2015 12:00am
Uganda's 'oil rush' town stuck in the slow lane

Uganda's 'oil rush' town stuck in the slow lane

Before the discovery of large amounts of oil in Lake Albert, Hoima was a forlorn and remote town in Western Uganda, whose main sources of income were farming and the trickle of tourists heading to nearby national parks. A decade later, an oil-fuelled boom
Published 13 May, 2015 12:00am
Weak Mexico industrial output pressures government GDP forecast

Weak Mexico industrial output pressures government GDP forecast

Mexican industrial output unexpectedly stagnated in March compared with February, dampening growth hopes and putting pressure on the government's forecast for a third year running. Adjusted for seasonal swings, output was flat in March month-on-month, fig
Published 13 May, 2015 12:00am
Seed products', Moong's rates up on grain market

Seed products', Moong's rates up on grain market

Seed products and Moong prices were higher on the local grain market on Tuesday due to tight supply position, dealers said. On the cereals side, Moong Punjab rose by Rs 250 to 12000, Moong Afghan gained the same amount to Rs 13000, Guwar Sindh quoted at R
Published 13 May, 2015 12:00am
Indian soyaoil futures rise on rupee weakness

Indian soyaoil futures rise on rupee weakness

Indian soyaoil futures edged up on Tuesday on a weaker rupee and higher Malaysian palm oil prices, while soyabeans dropped on sluggish export demand for soyameal. A weak rupee makes edible oil imports expensive. The rupee fell on Tuesday. Malaysian palm o
Published 13 May, 2015 12:00am
Stocks recoup losses

Stocks recoup losses

The Karachi share market recovered from Monday's slump and gained 517 points to close at 33,023.80 Tuesday. The KSE-100 index hit the intraday high and low of 33,086.52 and 32,352.43 points, respectively with trading turnover contracting to 177 million sh
Published 13 May, 2015 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 13 May, 2015 12:00am
Afghanistan's fight against Taliban: Prime Minister pledges full support

Afghanistan's fight against Taliban: Prime Minister pledges full support

Prime Minister Nawaz Sharif on Tuesday pledged support to Afghanistan in its fight against the Taliban during a visit to Kabul, the latest sign of a thaw in their once-frosty relationship. Sharif's visit to Kabul, his first since President Ashraf Ghani ca
Published 13 May, 2015 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 13 May, 2015 12:00am
Afghanistan's fight against Taliban: Prime Minister pledges full support

Afghanistan's fight against Taliban: Prime Minister pledges full support

Prime Minister Nawaz Sharif on Tuesday pledged support to Afghanistan in its fight against the Taliban during a visit to Kabul, the latest sign of a thaw in their once-frosty relationship. Sharif's visit to Kabul, his first since President Ashraf Ghani ca
Published 13 May, 2015 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 13 May, 2015 12:00am
Relations to be guided by three principles: CoAS

Relations to be guided by three principles: CoAS

Chief of Army Staff (CoAS) General Raheel Sharif said the territories of Pakistan and Afghanistan will not be allowed to be used against each other. He added that Pak-Afghan relations will be guided by three principles, Director General Director General I
Published 13 May, 2015 12:00am
Presentation

Presentation

Presentation at KSE auditorium (only for members and an authorised employee of the members).

Published 13 May, 2015 12:00am
Relations to be guided by three principles: CoAS

Relations to be guided by three principles: CoAS

Chief of Army Staff (CoAS) General Raheel Sharif said the territories of Pakistan and Afghanistan will not be allowed to be used against each other. He added that Pak-Afghan relations will be guided by three principles, Director General Director General I
Published 13 May, 2015 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (May 12, 2015).

Published 13 May, 2015 12:00am
SSD to guard CPEC projects

SSD to guard CPEC projects

The federal government, on the directives of Prime Minister Nawaz Sharif, is going to form a "special security division" (SSD) to provide security to the multibillion dollars projects related to China Pakistan Economic Corridor (CPEC). The move comes on t
Published 13 May, 2015 12:00am
Gas prices to be raised from July 1

Gas prices to be raised from July 1

The government will raise gas prices from July 1, 2015, a senior Petroleum Ministry official revealed to Business Recorder. He said that there had been no increase since January 2013 and now the relevant officials have started preparing a working p
Published 13 May, 2015 12:00am
Gas prices to be raised from July 1

Gas prices to be raised from July 1

The government will raise gas prices from July 1, 2015, a senior Petroleum Ministry official revealed to Business Recorder. He said that there had been no increase since January 2013 and now the relevant officials have started preparing a working p
Published 13 May, 2015 12:00am
Gas prices to be raised from July 1

Gas prices to be raised from July 1

The government will raise gas prices from July 1, 2015, a senior Petroleum Ministry official revealed to Business Recorder. He said that there had been no increase since January 2013 and now the relevant officials have started preparing a working p
Published 13 May, 2015 12:00am
Stocks recoup losses

Stocks recoup losses

The Karachi share market recovered from Monday's slump and gained 517 points to close at 33,023.80 Tuesday. The KSE-100 index hit the intraday high and low of 33,086.52 and 32,352.43 points, respectively with trading turnover contracting to 177 million sh
Published 13 May, 2015 12:00am
Stocks recoup losses

Stocks recoup losses

The Karachi share market recovered from Monday''s slump and gained 517 points to close at 33,023.80 Tuesday. The KSE-100 index hit the intraday high and low of 33,086.52 and 32,352.43 points, respectively with trading turnover contracting to 177 million s
Published 13 May, 2015 12:00am
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