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Print - 2015-05-14
NA Speaker, Deputy Speaker condemn Karachi killings

NA Speaker, Deputy Speaker condemn Karachi killings

Sardar Ayaz Sadiq, Speaker and Murtaza Javed Abbasi, Deputy Speaker, National Assembly condemned the incident of firing on a bus at Safoora Chorrangi, Karachi Wednesday. In their separate statements, the Speaker and Deputy Speaker expressed their heartfel
Published 14 May, 2015 12:00am
Prime Minister visits residence of Allana

Prime Minister visits residence of Allana

Prime Minister Muhammad Nawaz Sharif Wednesday visited the residence of Sultan Ali Allana, a leader of Ismaili community, to condole the killings of innocent people in the tragic incident. The Prime Minister met bereaved families who lost their loved ones
Published 14 May, 2015 12:00am
Prime Minister vows stern action

Prime Minister vows stern action

Prime Minister Muhammad Nawaz Sharif Wednesday directed that all possible efforts be made to immediately nab the culprits of Karachi bus attack. The Prime Minister was chairing a high-level meeting here at the Governor's House, which was attended, among o
Published 14 May, 2015 12:00am
President says he's determined to restore education standards

President says he's determined to restore education standards

President Mamnoon Hussain here on Wednesday expressed his firm determination to restore the standard of education in Karachi and said that education was on the top of his list of priorities. Addressing a function held for distribution of laptops among 33
Published 14 May, 2015 12:00am
President condemns attack on bus

President condemns attack on bus

President Mamnoon Hussain on Wednesday strongly condemned the attack on a bus carrying Ismaili passengers in Karachi which resulted in the killing of innocent people including women. Expressing deep grief and sorrow over the loss of precious lives in the
Published 14 May, 2015 12:00am
Targeted killings in Karachi

Targeted killings in Karachi

This refers to a Business Recorder news item "Monster of targeted killings rears its head again". It was on Saturday that a senior police officer was killed along with his driver in what appears to be a sectarian attack in Karachi. Zulfiqar Zaidi,
Published 14 May, 2015 12:00am
Inclusive growth vital for Asia-Pacific sustainable development

Inclusive growth vital for Asia-Pacific sustainable development

The level of global debate about sustainable development is reaching new heights as the United Nations gears up for Member States to negotiate the post-2015 development agenda at a landmark summit to be convened by the General Assembly in September. Amid
Published 14 May, 2015 12:00am
Role of assists in determining customs valuation

Role of assists in determining customs valuation

Here we intend to discuss that for the purpose of customs valuation what is an "assist". Assist is basically an assistance extended by the buyer to its supplier. For example, a shirt incorporates two yards of cloth costing Rs 100 per yard furnished by the
Published 14 May, 2015 12:00am
Viewpoint: What is our side of the story?

Viewpoint: What is our side of the story?

Seymour Hersh, the famous American investigative journalist, has come up with a sensational account of Osama bin Laden's presence in Pakistan and the circumstances surrounding his killing. Most commentators in the US as well as Pakistan have been quick to
Published 14 May, 2015 12:00am
A legitimate KPK protest

A legitimate KPK protest

The protest led by Chief Minister Khyber Pakhtunkhwa (KPK) Pervez Khattak was supported by most of the parties with a presence in the provincial assembly, including the Pakistan People's Party, Jamaat-e-Islami, Qaumi Watan Party, Awami National Party, and
Published 14 May, 2015 12:00am
'Your enemy is our enemy'

'Your enemy is our enemy'

Ever since the establishment of Ghani-headed national unity government the bilateral relationship between Pakistan and Afghanistan has been on an ascending trajectory. The two sides have made considerable progress in quality and quantity of relationship -
Published 14 May, 2015 12:00am
The attack on Ismailis

The attack on Ismailis

That yesterday's carnage in Karachi is profoundly gruesome is a fact that has found its best expression in the measured and sober remarks of Prince Karim Aga Khan. According to him, the Ismailis are a peaceful global community living in harmony with other
Published 14 May, 2015 12:00am
Cotton edges up on short covering after bearish crop report

Cotton edges up on short covering after bearish crop report

ICE cotton futures eked out small gains on Wednesday on a flurry of short covering and recovering off near-week lows hit a day earlier after a surprisingly bearish US government crop report raised concerns about demand and higher supplies. A heavy sell-of
Published 14 May, 2015 12:00am
Shanghai copper climbs

Shanghai copper climbs

The most-traded July copper contract on the Shanghai Futures Exchange climbed 1.1 percent to 46,260 yuan ($7,455.04) a tonne on Wednesday, while ShFE zinc and lead also climbed more than 1 percent. China's economy fuelled hopes of further easing in the wo
Published 14 May, 2015 12:00am
Copper falls on weak China data

Copper falls on weak China data

Copper dipped on Wednesday as weak economic data from top consumer China dominated sentiment, but a weaker dollar and expectations of further stimulus helped limit the losses. Benchmark copper on the London Metal Exchange closed down 0.6 percent at $6,400
Published 14 May, 2015 12:00am
Oil down after early rally on US crude draw

Oil down after early rally on US crude draw

Oil prices fell after initially rallying on Wednesday as worries about huge supplies weighed on the market despite a second straight week of draws in US crude. Government data showed US oil inventories fell 2.2 million barrels in the week to May 8, to bel
Published 14 May, 2015 12:00am
Rubber down

Rubber down

Benchmark Tokyo rubber futures inched down on Wednesday as investors booked profits after it touched a 13-month high in the previous session, but higher oil prices capped losses, dealers said. The Tokyo Commodity Exchange (TOCOM) rubber contract for Octob
Published 14 May, 2015 12:00am
The Weather

The Weather

The weather report on Wednesday (May 13, 2015) and the forecast for Thursday (May 14, 2015).

Published 14 May, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (May 13, 2015).

Published 14 May, 2015 12:00am
Soyabeans slide after USDA forecasts

Soyabeans slide after USDA forecasts

Chicago Board of Trade soyabean futures fell nearly 2 percent on Tuesday after the US Department of Agriculture projected domestic stocks would rise to 500 million bushels by the end of the 2015/16 marketing year, a nine-year high if realised. Corn ended
Published 14 May, 2015 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 14 May, 2015 12:00am
Palm oil slips

Palm oil slips

Malaysian palm oil futures briefly touched a five-week top on Wednesday on worries an El Nino weather pattern would curb yields, but expectations of weaker export demand in the second half of the month kept a lid on gains. In 2009, the El Nino brought the
Published 14 May, 2015 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 14 May, 2015 12:00am
Sugar sinks on Brazil crop forecasts

Sugar sinks on Brazil crop forecasts

Raw sugar futures on ICE sank more than 4 percent in heavy volume on Wednesday, breaking a six-day streak higher on chart-based selling and pressure from larger Brazilian crop forecasts as the industry gathered in New York. New York cocoa rose for the fif
Published 14 May, 2015 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (May 13, 2015).

Published 14 May, 2015 12:00am
Gold surges in New York

Gold surges in New York

Gold rose up to 1 percent on Tuesday as the dollar and European shares suffered from a sell-off in global bond markets, although higher real yields kept prices under $1,200 an ounce. Spot gold touched a session high of $1,196.60 an ounce and was up 0.8 pe
Published 14 May, 2015 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (May 13, 2015)

Published 14 May, 2015 12:00am
Gold rallies in Asia

Gold rallies in Asia

Gold extended gains to trade near its highest in a week on Wednesday, supported by a softer dollar, but rising bond yields and uncertainty over the timing of a possible US rate hike kept the rally in check. Spot gold rose 0.2 percent to $1,195.20 an ounce
Published 14 May, 2015 12:00am
Gold rises in Europe

Gold rises in Europe

Gold rose two percent to above $1,200 an ounce on Wednesday, heading for a second session of gains as the dollar hit a near three-month low after disappointing US employment data. US retail sales were also unchanged in April as households cut back on purc
Published 14 May, 2015 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Wednesday (May 13, 2015).

Published 14 May, 2015 12:00am
US MIDDAY: wheat sags

US MIDDAY: wheat sags

US wheat futures fell Wednesday for a third straight session on ample world supplies and strong competition for export business, analysts said. Corn was flat while soyabeans rose on bargain buying after falling almost 2 percent a day earlier when the US D
Published 14 May, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (May 13, 2015).

Published 14 May, 2015 12:00am
US MIDDAY: gold soars

US MIDDAY: gold soars

Gold jumped 2 percent early on Wednesday, rising well above $1,200 an ounce to a five-week high as the dollar hit a three-month low after disappointing US employment data. US retail sales were also unchanged in April as households cut back on purchases of
Published 14 May, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (May 13, 2015).

Published 14 May, 2015 12:00am
North Korea defence chief executed with anti-aircraft fire

North Korea defence chief executed with anti-aircraft fire

North Korean leader Kim Jong-Un had his defence minister executed with anti-aircraft fire for insubordination and dozing off during a formal military rally, South Korean intelligence said Wednesday, hinting at possible instability in the Pyongyang leaders
Published 14 May, 2015 12:00am
North Korea defence chief executed with anti-aircraft fire

North Korea defence chief executed with anti-aircraft fire

North Korean leader Kim Jong-Un had his defence minister executed with anti-aircraft fire for insubordination and dozing off during a formal military rally, South Korean intelligence said Wednesday, hinting at possible instability in the Pyongyang leaders
Published 14 May, 2015 12:00am
GIDC ordinance to lapse on May 22

GIDC ordinance to lapse on May 22

The Gas Infrastructure Development Cess Ordinance, 2014, would lapse on May 22, 2015 and the government has not yet taken any steps to table it in parliament. GIDC budgeted to generate Rs 145 billion in the current year has so far generated Rs 99 billion
Published 14 May, 2015 12:00am
THE RUPEE: rates slip

THE RUPEE: rates slip

The rupee inched down versus the dollar on the money market on Wednesday in the process of trading, dealers said. The rupee shed two-paisa against the dollar for buying and selling at Rs 101.82 and Rs 101.83 respectively, they said.
Published 14 May, 2015 12:00am
GIDC ordinance to lapse on May 22

GIDC ordinance to lapse on May 22

The Gas Infrastructure Development Cess Ordinance, 2014, would lapse on May 22, 2015 and the government has not yet taken any steps to table it in parliament. GIDC budgeted to generate Rs 145 billion in the current year has so far generated Rs 99 billion
Published 14 May, 2015 12:00am
THE RUPEE: rates slip

THE RUPEE: rates slip

The rupee inched down versus the dollar on the money market on Wednesday in the process of trading, dealers said. The rupee shed two-paisa against the dollar for buying and selling at Rs 101.82 and Rs 101.83 respectively, they said.
Published 14 May, 2015 12:00am
GIDC ordinance to lapse on May 22

GIDC ordinance to lapse on May 22

The Gas Infrastructure Development Cess Ordinance, 2014, would lapse on May 22, 2015 and the government has not yet taken any steps to table it in parliament. GIDC budgeted to generate Rs 145 billion in the current year has so far generated Rs 99 billion
Published 14 May, 2015 12:00am
Karachi bus attack: day of mourning today

Karachi bus attack: day of mourning today

The Government of Sindh on Wednesday announced a day of mourning on May 14 (today) following the bus shooting incident near Safoora Chowrangi in Gulistan-e-Johar killing at least 44 while injuring several passengers. The Muttahida Qaumi Movement (MQM) chi
Published 14 May, 2015 12:00am
Karachi bus attack: day of mourning today

Karachi bus attack: day of mourning today

The Government of Sindh on Wednesday announced a day of mourning on May 14 (today) following the bus shooting incident near Safoora Chowrangi in Gulistan-e-Johar killing at least 44 while injuring several passengers. The Muttahida Qaumi Movement (MQM) chi
Published 14 May, 2015 12:00am
Saudi king doubles Yemen aid

Saudi king doubles Yemen aid

King Salman doubled Saudi Arabia's Yemen aid commitment to $540 million on Wednesday, the first day of a humanitarian pause in a bombing campaign it has led against neighbouring rebels. "We announce that we are setting aside one billion riyals ($266 milli
Published 14 May, 2015 12:00am
Saudi king doubles Yemen aid

Saudi king doubles Yemen aid

King Salman doubled Saudi Arabia's Yemen aid commitment to $540 million on Wednesday, the first day of a humanitarian pause in a bombing campaign it has led against neighbouring rebels. "We announce that we are setting aside one billion riyals ($266 milli
Published 14 May, 2015 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (May 13, 2015).

Published 14 May, 2015 12:00am
Prime Minister reviews energy situation

Prime Minister reviews energy situation

Prime Minister Nawaz Sharif on Wednesday reviewed the overall energy situation in the country. The Prime Minister has directed Finance, Water and Power and Petroleum Ministries to ensure minimum loadshedding in summer. Prime Minister stated this while cha
Published 14 May, 2015 12:00am
Prime Minister reviews energy situation

Prime Minister reviews energy situation

Prime Minister Nawaz Sharif on Wednesday reviewed the overall energy situation in the country. The Prime Minister has directed Finance, Water and Power and Petroleum Ministries to ensure minimum loadshedding in summer. Prime Minister stated this while cha
Published 14 May, 2015 12:00am
Prime Minister reviews energy situation

Prime Minister reviews energy situation

Prime Minister Nawaz Sharif on Wednesday reviewed the overall energy situation in the country. The Prime Minister has directed Finance, Water and Power and Petroleum Ministries to ensure minimum loadshedding in summer. Prime Minister stated this while cha
Published 14 May, 2015 12:00am
Trial court cannot implead Shaukat, Dogar, Hamid: IHC told

Trial court cannot implead Shaukat, Dogar, Hamid: IHC told

The federal government said on Wednesday that a Special Court trying former army chief and President Pervez Musharraf under Article 6 has no jurisdiction to implead former prime minister Shaukat Aziz, former Chief Justice Abdul Hameed Dogar and former law
Published 14 May, 2015 12:00am
Trial court cannot implead Shaukat, Dogar, Hamid: IHC told

Trial court cannot implead Shaukat, Dogar, Hamid: IHC told

The federal government said on Wednesday that a Special Court trying former army chief and President Pervez Musharraf under Article 6 has no jurisdiction to implead former prime minister Shaukat Aziz, former Chief Justice Abdul Hameed Dogar and former law
Published 14 May, 2015 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 14 May, 2015 12:00am
LSE index gains 36.74 points

LSE index gains 36.74 points

The LSE-25 index has bettered by 36.74 points to 5510.28 points against 5473.54 points, with the transaction volume marginally increasing to 915,000 shares compared with the day earlier volume of 833,300 shares. The market on Tuesday resumed trading posit
Published 14 May, 2015 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 14 May, 2015 12:00am
LSE index gains 36.74 points

LSE index gains 36.74 points

The LSE-25 index has bettered by 36.74 points to 5510.28 points against 5473.54 points, with the transaction volume marginally increasing to 915,000 shares compared with the day earlier volume of 833,300 shares. The market on Tuesday resumed trading posit
Published 14 May, 2015 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 14 May, 2015 12:00am
ISE index down by six points

ISE index down by six points

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) on Wednesday, where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 6.00 points as the ISE Ten Index moved from 3,704.53
Published 14 May, 2015 12:00am
ISE index down by six points

ISE index down by six points

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) on Wednesday, where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 6.00 points as the ISE Ten Index moved from 3,704.53
Published 14 May, 2015 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 14 May, 2015 12:00am
Gunmen trap foreigners in Kabul guesthouse

Gunmen trap foreigners in Kabul guesthouse

Gunmen stormed a downtown Kabul guesthouse late Wednesday, trapping several foreigners awaiting a planned concert and triggering a shootout with security forces, with fears of multiple casualties. No group immediately claimed responsibility for the attack
Published 14 May, 2015 12:00am
India parliament passes key Modi bill on 'black money'

India parliament passes key Modi bill on 'black money'

Lawmakers on Wednesday approved a crucial bill that aims to unearth billions of unaccounted for dollars believed to be illegally stashed in foreign banks by Indians to avoid paying tax. The upper house of parliament passed the bill that calls for fines as
Published 14 May, 2015 12:00am
India parliament passes key Modi bill on 'black money'

India parliament passes key Modi bill on 'black money'

Lawmakers on Wednesday approved a crucial bill that aims to unearth billions of unaccounted for dollars believed to be illegally stashed in foreign banks by Indians to avoid paying tax. The upper house of parliament passed the bill that calls for fines as
Published 14 May, 2015 12:00am
Australia's sharp wages slowdown a two-edged sword

Australia's sharp wages slowdown a two-edged sword

Australian wages grew at the slowest pace in at least 16 years last quarter in what is proving to be a sedative for household spending and tax revenues, but a tonic for employment by keeping labour costs low. Wednesday data showed hourly rates of pay excl
Published 14 May, 2015 12:00am
Turkey probes alleged links in army with US-based cleric

Turkey probes alleged links in army with US-based cleric

A Turkish military prosecutor has opened an investigation into allegations that a US-based Islamic preacher has sympathisers within the armed forces, Defence Minister Ismet Yilmaz told the state-run Anadolu news agency on Wednesday. It is the latest move
Published 14 May, 2015 12:00am
BRIndex30 sheds 127.2 points

BRIndex30 sheds 127.2 points

On Wednesday, BRIndex30 opened at 19,448.98 points. It touched an intraday high of 19,594.85 points and an intraday low of 19,281.08 points and closed at 19,321.78 points which was -127.2 points or -0.65 percent lower than previous close. Total volume was
Published 14 May, 2015 12:00am
BRIndex30 sheds 127.2 points

BRIndex30 sheds 127.2 points

On Wednesday, BRIndex30 opened at 19,448.98 points. It touched an intraday high of 19,594.85 points and an intraday low of 19,281.08 points and closed at 19,321.78 points which was -127.2 points or -0.65 percent lower than previous close. Total volume was
Published 14 May, 2015 12:00am
Equities plunge by 108.36 points

Equities plunge by 108.36 points

While recovering gradually from a massive plunge Monday, the Karachi share market lost 108.36 points Wednesday following fragile security situation in the city after a terrorist attack on a bus that killed over 40 people at Safoora Goth area. The KSE-100
Published 14 May, 2015 12:00am
Equities plunge by 108.36 points

Equities plunge by 108.36 points

While recovering gradually from a massive plunge Monday, the Karachi share market lost 108.36 points Wednesday following fragile security situation in the city after a terrorist attack on a bus that killed over 40 people at Safoora Goth area. The KSE-100
Published 14 May, 2015 12:00am
Equities plunge by 108.36 points

Equities plunge by 108.36 points

While recovering gradually from a massive plunge Monday, the Karachi share market lost 108.36 points Wednesday following fragile security situation in the city after a terrorist attack on a bus that killed over 40 people at Safoora Goth area. The KSE-100
Published 14 May, 2015 12:00am
Economic corridor: Prime Minister takes leadership into confidence

Economic corridor: Prime Minister takes leadership into confidence

Prime Minister Nawaz Sharif on Wednesday took the country''s political leadership into confidence over multi-billion dollars China-Pakistan Economic Corridor (CPEC). Speaking to the participants of meeting, heads as well as parliamentary leaders of politi
Published 14 May, 2015 12:00am
Economic corridor: Prime Minister takes leadership into confidence

Economic corridor: Prime Minister takes leadership into confidence

Prime Minister Nawaz Sharif on Wednesday took the country's political leadership into confidence over multi-billion dollars China-Pakistan Economic Corridor (CPEC). Speaking to the participants of meeting, heads as well as parliamentary leaders of politic
Published 14 May, 2015 12:00am
Economic corridor: Prime Minister takes leadership into confidence

Economic corridor: Prime Minister takes leadership into confidence

Prime Minister Nawaz Sharif on Wednesday took the country's political leadership into confidence over multi-billion dollars China-Pakistan Economic Corridor (CPEC). Speaking to the participants of meeting, heads as well as parliamentary leaders of politic
Published 14 May, 2015 12:00am
Aga Khan shocked and saddened by attack

Aga Khan shocked and saddened by attack

His Highness the Aga Khan, Spiritual Leader of the Shia Ismaili Muslims, has expressed shock and sadness in the wake of an attack on a bus carrying members of the Ismaili community on their way to work in Karachi, that left 43 people dead. "This attack re
Published 14 May, 2015 12:00am
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