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Print - 2015-05-19
PML-F focuses on intra-party 'cleansing'

PML-F focuses on intra-party 'cleansing'

Pakistan Muslim League Functional (PML-F) had started internal cleansing process and party officials had been directed to ensure not to allow any to use party umbrella for fulfilling their criminal, vested or otherwise anti-social objectives. The directiv
Published 19 May, 2015 12:00am
Iran hands over 72 illegal immigrants to Pakistan

Iran hands over 72 illegal immigrants to Pakistan

-Iranian authorities have handed over seventy two illegal Pakistani immigrants to Levies officials at Pak-Iran border in Taftan. Levies authorities handed over deportees to FIA after initial interrogation from them.
Published 19 May, 2015 12:00am
FO slams US drone attack

FO slams US drone attack

Pakistan on Monday condemned the US drone attack in North Waziristan and called for cessation of such strikes which amounted to violation of the country's sovereignty and territorial integrity. A US drone strike on May 16, 2015 resulted in a number of cas
Published 19 May, 2015 12:00am
Banking court accepts Ayyan's bail plea

Banking court accepts Ayyan's bail plea

A banking court on Monday accepted bail application of supermodel Ayyan Ali in money laundering case for hearing. In her application, the model requested the court to grant her bail in the money laundering case. The court headed by Judge Sabir Sultan acce
Published 19 May, 2015 12:00am
Regularisation of jobs: Doctors, nurses stage protest

Regularisation of jobs: Doctors, nurses stage protest

Doctors and nurses of Federal General Service's Hospital commonly known Polyclinic staged protest on Monday, demanding regularisation of jobs. A number of nurses and doctors of Polyclinic staged protest carrying placards and banners inscribed with slogans
Published 19 May, 2015 12:00am
Contempt proceedings: LHC asks NA speaker & Senate chairman to respond

Contempt proceedings: LHC asks NA speaker & Senate chairman to respond

The Lahore High Court on Monday ordered the NA speaker and the Senate chairman to respond within fortnight to a petition seeking contempt proceedings against them for failing to comply with the court's order on amendments in some Articles of the Constitut
Published 19 May, 2015 12:00am
FFBL acquires 51 percent shares of NGL

FFBL acquires 51 percent shares of NGL

Fauji Fertilizer Bin Qasim Limited (FFBL), a subsidiary of Fauji Foundation, with a view to entering into dairy business, has acquired 51 per cent stakes in Noon Group Limited (NGL). An agreement to this effect was signed by representatives of both the co
Published 19 May, 2015 12:00am
ADB providing $65 million loan for hydropower project

ADB providing $65 million loan for hydropower project

The Asian Development Bank (ADB) is providing loan assistance of up to $65 million for a new private sector hydropower project in Pakistan, which will continue the country's drive to overcome power shortages, and strengthen its energy security.
Published 19 May, 2015 12:00am
ADB providing $65 million loan for hydropower project

ADB providing $65 million loan for hydropower project

The Asian Development Bank (ADB) is providing loan assistance of up to $65 million for a new private sector hydropower project in Pakistan, which will continue the country's drive to overcome power shortages, and strengthen its energy security.
Published 19 May, 2015 12:00am
No ban on solar, wind power projects, says minister

No ban on solar, wind power projects, says minister

Sindh Minister for Finance and Energy Murad Ali Shah has a detailed meeting with the Federal Minister for Water and Power Khawaja Muhammad Asif regarding energy issues especially with regard to the reported ban on solar and wind power projects. "The Feder
Published 19 May, 2015 12:00am
Government urged to present business-friendly budget

Government urged to present business-friendly budget

The President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) Mian Muhammad Adrees has urged the Ministry of Finance to present the forthcoming federal budget as business friendly. He further said that in the forthcoming budget the p
Published 19 May, 2015 12:00am
Religious seminaries Pervaiz defends his statement in Senate

Religious seminaries Pervaiz defends his statement in Senate

Federal Minister for Information and Broadcasting, Senator Pervaiz Rashid made it crystal clear on floor of the Senate on Monday that he stands by whatever he said about religious seminaries in Pakistan. Replying to a point of order raised by Maulana Atta
Published 19 May, 2015 12:00am
PU VC praised for providing free education to Baloch students

PU VC praised for providing free education to Baloch students

Advisor to Balochistan Chief Minister on Education Sardar Muhammad Raza Khan Barreach has praised Vice Chancellor Doctor Mujahid Kamran for providing free education and residential facilities and monthly scholarship to Balochistani students. He said becau
Published 19 May, 2015 12:00am
Torkham-Jalalabad Road Pakistan opens construction work on second lane

Torkham-Jalalabad Road Pakistan opens construction work on second lane

Pakistan on Monday inaugurated construction work on the additional carriage way of Torkham-Jalalabad Road. According to Pakistan embassy in Kabul, an inaugural ceremony was held in Jalalabad to kick start work on the second lane of the road project. The c
Published 19 May, 2015 12:00am
11 killed in Punjab road accidents

11 killed in Punjab road accidents

A data by Rescue 1122's Provincial Monitoring Cell claims up to 11 people have lost their lives and 552 more seriously injured in 620 road accidents in all 36 districts of the Punjab during the past 24 hours. The data also said 273 drivers, 28 under-age d
Published 19 May, 2015 12:00am
Engro Foods Limited

Engro Foods Limited

Engro Foods (EFOODS) is one of the top FMCG companies in Pakistan. The company was created under the umbrella of Engro Corporation in 2005. It is a publicly traded company and listed at KSE. The company is engaged in the manufacturing, processing and mark
Published 19 May, 2015 12:00am
THE RUPEE: dollar at Rs 103
Currency

THE RUPEE: dollar at Rs 103

The rupee crossed the barrier of Rs 103 versus the dollar on Monday in the process of trading, dealers said. The rupee lost 20-paisa against the dollar for buying and selling at Rs 102.80 and Rs 103.00 respectively, while it inched up by 10-paisa versus t
Published 19 May, 2015 12:00am
Qaim to stay as chief minister: Zardari rules out governor's rule

Qaim to stay as chief minister: Zardari rules out governor's rule

Former president and Pakistan People's Party Co-chairman Asif Ali Zardari on Monday ruled out the possibilities of governor's rule in Sindh. In an informal chat with newsmen at Zardari House in Islamabad, he said: "Though it can be a wish of some people t
Published 19 May, 2015 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 19 May, 2015 12:00am
Qaim to stay as chief minister: Zardari rules out governor's rule

Qaim to stay as chief minister: Zardari rules out governor's rule

Former president and Pakistan People's Party Co-chairman Asif Ali Zardari on Monday ruled out the possibilities of governor's rule in Sindh. In an informal chat with newsmen at Zardari House in Islamabad, he said: "Though it can be a wish of some people t
Published 19 May, 2015 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Monday (May 18, 2015).

Published 19 May, 2015 12:00am
Prime Minister, CoAS discuss security challenges

Prime Minister, CoAS discuss security challenges

Chief of Army Staff (CoAS) General Raheel Sharif called on Prime Minister Nawaz Sharif on Monday and discussed with him prevailing security challenges. According to sources, the Prime Minister and Army Chief exchanged views on the involvement of Indian sp
Published 19 May, 2015 12:00am
Prime Minister, CoAS discuss security challenges

Prime Minister, CoAS discuss security challenges

Chief of Army Staff (CoAS) General Raheel Sharif called on Prime Minister Nawaz Sharif on Monday and discussed with him prevailing security challenges. According to sources, the Prime Minister and Army Chief exchanged views on the involvement of Indian sp
Published 19 May, 2015 12:00am
Currency notes: exchange rates
Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Monday (May 18, 2015).

Published 19 May, 2015 12:00am
Sub-groups' recommendations: EAC for reducing GST rate to 16 percent

Sub-groups' recommendations: EAC for reducing GST rate to 16 percent

The Economic Advisory Council (EAC) sub-groups have reportedly presented their recommendations to the Finance Ministry for revenue mobilisation and expenditure management as well as measures to fix the problems of energy sector along with investment in so
Published 19 May, 2015 12:00am
Sub-groups' recommendations: EAC for reducing GST rate to 16 percent

Sub-groups' recommendations: EAC for reducing GST rate to 16 percent

The Economic Advisory Council (EAC) sub-groups have reportedly presented their recommendations to the Finance Ministry for revenue mobilisation and expenditure management as well as measures to fix the problems of energy sector along with investment in so
Published 19 May, 2015 12:00am
Sub-groups'' recommendations: EAC for reducing GST rate to 16 percent

Sub-groups'' recommendations: EAC for reducing GST rate to 16 percent

The Economic Advisory Council (EAC) sub-groups have reportedly presented their recommendations to the Finance Ministry for revenue mobilisation and expenditure management as well as measures to fix the problems of energy sector along with investment in so
Published 19 May, 2015 12:00am
GEIC summons NADRA, FAFEN chiefs

GEIC summons NADRA, FAFEN chiefs

The General Election 2013 Inquiry Commission (GEIC) Monday summoned two witnesses - National Database Registration Authority (NADRA) Chairman Usman Yousaf Mobeen and Head of Programs of Free and Fair Election Network (FAFEN) Mudassir Rizvi on May 21 and 2
Published 19 May, 2015 12:00am
GEIC summons NADRA, FAFEN chiefs

GEIC summons NADRA, FAFEN chiefs

The General Election 2013 Inquiry Commission (GEIC) Monday summoned two witnesses - National Database Registration Authority (NADRA) Chairman Usman Yousaf Mobeen and Head of Programs of Free and Fair Election Network (FAFEN) Mudassir Rizvi on May 21 and 2
Published 19 May, 2015 12:00am
Tax on sectors making windfall profits likely

Tax on sectors making windfall profits likely

The government is likely to impose in the next budget (2015-16) a tax on sectors, including banks, making `windfall' profits with a view to increasing a woefully low revenue collection. Sources said the proposal being mulled by tax authorities has also be
Published 19 May, 2015 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (May 18, 2015).
Published 19 May, 2015 12:00am
Tax on sectors making windfall profits likely

Tax on sectors making windfall profits likely

The government is likely to impose in the next budget (2015-16) a tax on sectors, including banks, making `windfall' profits with a view to increasing a woefully low revenue collection. Sources said the proposal being mulled by tax authorities has also be
Published 19 May, 2015 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (May 18, 2015).

Published 19 May, 2015 12:00am
Tax on sectors making windfall profits likely

Tax on sectors making windfall profits likely

The government is likely to impose in the next budget (2015-16) a tax on sectors, including banks, making `windfall'' profits with a view to increasing a woefully low revenue collection. Sources said the proposal being mulled by tax authorities has also b
Published 19 May, 2015 12:00am
5.1 percent growth remains elusive
Cotton

5.1 percent growth remains elusive

The government has flatly failed to achieve 5.1 percent growth target projected for the current fiscal year as gross domestic products (GDP) remained 4.2 percent, according to Pakistan Bureau of Statistics. A meeting of National Accounts Committee (NAC),
Published 19 May, 2015 12:00am
5.1 percent growth remains elusive
Cotton

5.1 percent growth remains elusive

The government has flatly failed to achieve 5.1 percent growth target projected for the current fiscal year as gross domestic products (GDP) remained 4.2 percent, according to Pakistan Bureau of Statistics. A meeting of National Accounts Committee (NAC),
Published 19 May, 2015 12:00am
5.1 percent growth remains elusive
Cotton

5.1 percent growth remains elusive

The government has flatly failed to achieve 5.1 percent growth target projected for the current fiscal year as gross domestic products (GDP) remained 4.2 percent, according to Pakistan Bureau of Statistics. A meeting of National Accounts Committee (NAC),
Published 19 May, 2015 12:00am
KSE stays bearish

KSE stays bearish

The Karachi share market witnessed a bearish trend Monday as uncertainty over monetary and budgetary fronts kept equity investors at bay. The volatile KSE-100 index slid to 32,886.06 points, down 153 points or 0.46 percent from 33,039.20 of the previous t
Published 19 May, 2015 12:00am
KSE stays bearish

KSE stays bearish

The Karachi share market witnessed a bearish trend Monday as uncertainty over monetary and budgetary fronts kept equity investors at bay. The volatile KSE-100 index slid to 32,886.06 points, down 153 points or 0.46 percent from 33,039.20 of the previous t
Published 19 May, 2015 12:00am
KSE stays bearish

KSE stays bearish

The Karachi share market witnessed a bearish trend Monday as uncertainty over monetary and budgetary fronts kept equity investors at bay. The volatile KSE-100 index slid to 32,886.06 points, down 153 points or 0.46 percent from 33,039.20 of the previous t
Published 19 May, 2015 12:00am
BRIndex30 sheds 177.49 points

BRIndex30 sheds 177.49 points

On Monday, BRIndex30 opened at 19,511.70 points. It touched an intraday high of 19,537.04 points and an intraday low of 19,323.42 points and closed at 19,334.21 points which was -177.49 points or -0.91 percent lower than previous close. Total volume was 5
Published 19 May, 2015 12:00am
BRIndex30 sheds 177.49 points

BRIndex30 sheds 177.49 points

On Monday, BRIndex30 opened at 19,511.70 points. It touched an intraday high of 19,537.04 points and an intraday low of 19,323.42 points and closed at 19,334.21 points which was -177.49 points or -0.91 percent lower than previous close. Total volume was 5
Published 19 May, 2015 12:00am
July-April current account posts $1.3 billion deficit

July-April current account posts $1.3 billion deficit

Decline in international oil prices and strong growth in remittances, helped contain current account deficit at $1.3 billion, down 53 percent, during first 10 months of this fiscal year. The State Bank of Pakistan (SBP) Monday revealed that the country po
Published 19 May, 2015 12:00am
ISE index down by 21.97 points

ISE index down by 21.97 points

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) on Monday, where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 21.97 points as the ISE Ten Index moved from 3,670.10 t
Published 19 May, 2015 12:00am
ISE index down by 21.97 points

ISE index down by 21.97 points

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) on Monday, where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 21.97 points as the ISE Ten Index moved from 3,670.10 t
Published 19 May, 2015 12:00am
LSE index loses 74.45 points

LSE index loses 74.45 points

The LSE-25 index lost 74.45 points to 5508.98 against 5583.43 of last Friday, as equities remained under pressure amid sluggish trading trend on the Lahore Stock Exchange on Monday. Because of the investors' cautious approach, the transaction volume reduc
Published 19 May, 2015 12:00am
LSE index loses 74.45 points

LSE index loses 74.45 points

The LSE-25 index lost 74.45 points to 5508.98 against 5583.43 of last Friday, as equities remained under pressure amid sluggish trading trend on the Lahore Stock Exchange on Monday. Because of the investors' cautious approach, the transaction volume reduc
Published 19 May, 2015 12:00am
Saudi national carrier to double fleet

Saudi national carrier to double fleet

State-owned Saudi Arabian Airlines plans to roughly double its fleet over the next five years while expanding its routes, official media reported on Monday. The carrier intends to raise "the number of aircraft from the current number of 119 to 200 aircraf
Published 19 May, 2015 12:00am
Swiss retail sales drop again in March
Currency

Swiss retail sales drop again in March

Swiss retail sales fell sharply in March after recording their biggest decline in almost 13 years in February, data showed on Monday, adding to signs of deflation in Switzerland after the central bank abandoned its cap on the currency. The Swiss National
Published 19 May, 2015 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 19 May, 2015 12:00am
Prime Minister inaugurates new facilities at Benazir Bhutto Airport

Prime Minister inaugurates new facilities at Benazir Bhutto Airport

Prime Minister Nawaz Sharif on Monday inaugurated the Benazir Bhutto International Airport (BBIA) which has been made blast proof and refurbished at a cost of Rs 450 million. The Prime Minister also visited the airport's different departments upgraded and
Published 19 May, 2015 12:00am
Prime Minister inaugurates new facilities at Benazir Bhutto Airport

Prime Minister inaugurates new facilities at Benazir Bhutto Airport

Prime Minister Nawaz Sharif on Monday inaugurated the Benazir Bhutto International Airport (BBIA) which has been made blast proof and refurbished at a cost of Rs 450 million. The Prime Minister also visited the airport's different departments upgraded and
Published 19 May, 2015 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 19 May, 2015 12:00am
Prime Minister inaugurates new facilities at Benazir Bhutto Airport

Prime Minister inaugurates new facilities at Benazir Bhutto Airport

Prime Minister Nawaz Sharif on Monday inaugurated the Benazir Bhutto International Airport (BBIA) which has been made blast proof and refurbished at a cost of Rs 450 million. The Prime Minister also visited the airport''s different departments upgraded an
Published 19 May, 2015 12:00am
Four militants killed in US drone attack

Four militants killed in US drone attack

A US drone strike on Monday killed at least four militants in North Waziristan, officials said. The strike took place in the Datta Khel area of North Waziristan, where the Pakistani military has since June been battling militants linked to the Taliban and
Published 19 May, 2015 12:00am
Four militants killed in US drone attack

Four militants killed in US drone attack

A US drone strike on Monday killed at least four militants in North Waziristan, officials said. The strike took place in the Datta Khel area of North Waziristan, where the Pakistani military has since June been battling militants linked to the Taliban and
Published 19 May, 2015 12:00am
Exports to EU up 21 percent in 2014: Dastgir
Cotton

Exports to EU up 21 percent in 2014: Dastgir

Commerce Minister Khurram Dastgir on Monday said that imports stood at $34 billion during July-March 2014-15 and there has been a 21 percent rise in exports to the European Union in 2014, which translates into an additional export of $1.3 billion, the min
Published 19 May, 2015 12:00am
Exports to EU up 21 percent in 2014: Dastgir
Cotton

Exports to EU up 21 percent in 2014: Dastgir

Commerce Minister Khurram Dastgir on Monday said that imports stood at $34 billion during July-March 2014-15 and there has been a 21 percent rise in exports to the European Union in 2014, which translates into an additional export of $1.3 billion, the min
Published 19 May, 2015 12:00am
Exports to EU up 21 percent in 2014: Dastgir
Cotton

Exports to EU up 21 percent in 2014: Dastgir

Commerce Minister Khurram Dastgir on Monday said that imports stood at $34 billion during July-March 2014-15 and there has been a 21 percent rise in exports to the European Union in 2014, which translates into an additional export of $1.3 billion, the min
Published 19 May, 2015 12:00am
Greece in final stretch of troubled loan talks

Greece in final stretch of troubled loan talks

Greece on Monday entered the final stretch of tortuous talks with its international creditors on a bankruptcy-saving loan deal, with the government calling for a breakthrough by the end of the month. "A deal is required immediately, this is why we are tal
Published 19 May, 2015 12:00am
Greece in final stretch of troubled loan talks

Greece in final stretch of troubled loan talks

Greece on Monday entered the final stretch of tortuous talks with its international creditors on a bankruptcy-saving loan deal, with the government calling for a breakthrough by the end of the month. "A deal is required immediately, this is why we are tal
Published 19 May, 2015 12:00am
THE RUPEE: dollar at Rs 103
Currency

THE RUPEE: dollar at Rs 103

The rupee crossed the barrier of Rs 103 versus the dollar on Monday in the process of trading, dealers said. The rupee lost 20-paisa against the dollar for buying and selling at Rs 102.80 and Rs 103.00 respectively, while it inched up by 10-paisa versus t
Published 19 May, 2015 12:00am
Greece in final stretch of troubled loan talks

Greece in final stretch of troubled loan talks

Greece on Monday entered the final stretch of tortuous talks with its international creditors on a bankruptcy-saving loan deal, with the government calling for a breakthrough by the end of the month. "A deal is required immediately, this is why we are tal
Published 19 May, 2015 12:00am
Consolidated efforts help control dengue virus: advisor

Consolidated efforts help control dengue virus: advisor

Advisor to CM Punjab on Health, Khawaja Salman Rafique has claimed that the dengue situation is under control in his province because of "tireless and consolidated efforts of government departments", but he suggests all departments should remain alert and
Published 19 May, 2015 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 19 May, 2015 12:00am
Military courts initiate hearings

Military courts initiate hearings

Military courts on Monday initiated holding hearings of terrorism-related cases. The courts established in the city have initially received as many as seven cases. The cases include attack on Sri Lankan cricket team, attack on Raza Rumi, Saad Waqar Haider
Published 19 May, 2015 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 19 May, 2015 12:00am
NAB arrests former director KBCA

NAB arrests former director KBCA

National Accountability Bureau (NB) has arrested Nisar Ahmed Ansari son of Wali Muhammad Ansari, Ex Director KBCA. The accused was arrested on non-bailable warrants issued by the competent authority. He had accumulated assets beyond his known sources of i
Published 19 May, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (May 18, 2015).

Published 19 May, 2015 12:00am
SHC approves Mirza's security bail

SHC approves Mirza's security bail

Sindh High Court on Monday approved three-day security bail of Zulfiqar Mirza. A division bench of SHC comprising Justice Naimatullah Phulpoto and Justice Abdul Malik heard the application submitted by Mirza's lawyer Barrister Mohsin Shahwani. The lawyer
Published 19 May, 2015 12:00am
The Weather

The Weather

The weather report on Monday (May 18, 2015) and the forecast for Tuesday (May 19, 2015).

Published 19 May, 2015 12:00am