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Print - 2015-06-03
Anderson, Broad and Bell out of England ODI squad

Anderson, Broad and Bell out of England ODI squad

England omitted several senior players, including pacemen James Anderson and Stuart Broad, as well as senior batsman Ian Bell, from their one-day squad announced Tuesday for their upcoming series with World Cup finalists New Zealand. Given England face Au
Published 03 Jun, 2015 12:00am
Shastri to coach India in Bangladesh

Shastri to coach India in Bangladesh

Former captain Ravi Shastri was on Tuesday named India's interim coach for next week's tour of Bangladesh after officials failed to appoint a full-time successor to Duncan Fletcher. Zimbabwean Fletcher's four-year term ended after the recent World Cup in
Published 03 Jun, 2015 12:00am
Ivanovic, Safarova into semis

Ivanovic, Safarova into semis

Ana Ivanovic and Lucie Safarova will clash for a place in the French Open final after comfortably defeating younger rivals at a windswept Roland Garros on Tuesday. Ivanovic reached her first Grand Slam semi-final in seven years when she beat Ukraine's Eli
Published 03 Jun, 2015 12:00am
Federer out as Wawrinka and Tsonga set up French Open semi

Federer out as Wawrinka and Tsonga set up French Open semi

Stan Wawrinka knocked Roger Federer out of the French Open quarter-finals on Tuesday to set up a last-four clash with home hope Jo-Wilfried Tsonga. Wawrinka, the eighth seed, beat his more illustrious Swiss compatriot Federer in three sets 6-4, 6-3, 7-6 (
Published 03 Jun, 2015 12:00am
Pakistan nominate Zaheer Abbas for ICC presidency

Pakistan nominate Zaheer Abbas for ICC presidency

Pakistan on Tuesday nominated former captain Zaheer Abbas to become president of the International Cricket Council after the game's world governing body said it was seeking distinguished ex-cricketers. The announcement comes the day after former Pakistan
Published 03 Jun, 2015 12:00am
The scourge of street crimes

The scourge of street crimes

This refers to Business Recorder editorial 'Karachi needs jobs, improved civic services' carried by it yesterday. The editorial has raised a highly important point by making mention of what businesspeople of Karachi had told Corps Commander of Kara
Published 03 Jun, 2015 12:00am
Economic corridor and a worried India

Economic corridor and a worried India

In a remarkable demonstration of national unity by all political parties, at the all party conference last week , it was unanimously decided a go ahead with the western alignment linking Gwadar to Khunjerab under the China-Pakistan Economic Corridor ( CPE
Published 03 Jun, 2015 12:00am
Democracy knocks at KP door, albeit rather violently

Democracy knocks at KP door, albeit rather violently

Utterly mismanaged and furiously contested local government elections in Khyber Pakhtunkhwa have brought the PTI chief Imran Khan both name and shame: his party has retained its vote bank but his incessant imputation on others of rigging sounds hollow. As
Published 03 Jun, 2015 12:00am
Only NS can do it
Currency

Only NS can do it

Federal Finance Minister Ishaq Dar will present the budget statement and tax proposals to the National Assembly on June 5, 2015. Fears are being expressed that while his statement would be aimed at achieving higher growth the taxation proposals would be c
Published 03 Jun, 2015 12:00am
Learning outcomes woefully dismal, says top official

Learning outcomes woefully dismal, says top official

The government is not only focusing on bringing out of school children to school, but also working on improving learning outcomes of those who are in school, said Secretary for Federal Education & Professional Training Imtiaz Tajwar. This he stated while
Published 03 Jun, 2015 12:00am
Alleged killing of cat: LHC seeks report from police by June 17

Alleged killing of cat: LHC seeks report from police by June 17

The Lahore High Court on Tuesday sought a report from police by June 17 in a petition wanting a case against a veterinary doctor accused of deliberately killing a pet. Petitioner Doctor Atia Masood told the court she used to take her cat to Dr Awais Anees
Published 03 Jun, 2015 12:00am
25,000 youth to get training under PM's Youth Skill Programme

25,000 youth to get training under PM's Youth Skill Programme

After the success of PMYSDP phase-I the present government in the line of promise made by Prime Minister Mian Muhammad Nawaz Sharif with the nation that every youth of the country will be imparted technical training to make him useful citizen of the count
Published 03 Jun, 2015 12:00am
Dawlance brings new blender

Dawlance brings new blender

Pakistan's biggest home appliance manufacturer Dawlance brings to its consumers a new blender DW BL610 that can be used to make slushes and smoothies to beat the heat this summer. With a capacity of 1.5 liters and a thick glass jar, this blender can withs
Published 03 Jun, 2015 12:00am
Government to establish cancer hospital in Islamabad: minister

Government to establish cancer hospital in Islamabad: minister

The government has decided to establish a modern cancer hospital in federal capital for which Rs 500 million has been earmarked in the upcoming budget 2015-16. This was stated by Federal Minister for National Health Services, Regulations and Coordination
Published 03 Jun, 2015 12:00am
Al-Ghazi Tractors Limited
Cotton

Al-Ghazi Tractors Limited

Al-Ghazi Tractors Limited started its operations in 1983. Listed on the KSE, its market capitalization is nearly Rs 24 billion, making it one of the largest auto stocks in the country. The firm's holding company is the Al-Futtaim Group in Dubai, which own
Published 03 Jun, 2015 12:00am
Al-Ghazi Tractors Limited
Cotton

Al-Ghazi Tractors Limited

Al-Ghazi Tractors Limited started its operations in 1983. Listed on the KSE, its market capitalization is nearly Rs 24 billion, making it one of the largest auto stocks in the country. The firm's holding company is the Al-Futtaim Group in Dubai, which own
Published 03 Jun, 2015 12:00am
G3 to study building grain terminal

G3 to study building grain terminal

G3 Global Holdings said on Tuesday that it would study the feasibility of building a grain terminal at Port Metro Vancouver, a move that would step up competition among grain handlers. Winnipeg-based G3, which agreed in April to buy a controlling stake in
Published 03 Jun, 2015 12:00am
Palm oil jumps

Palm oil jumps

Malaysian palm oil futures hit a three-month high on Tuesday, extending gains into a fourth straight session, buoyed by an overnight rally in soyoil markets and a weak ringgit. The US July soyoil contract climbed almost 8 percent over the last two session
Published 03 Jun, 2015 12:00am
Rubber falls

Rubber falls

Benchmark Tokyo rubber futures fell on Tuesday, snapping a five-session rally and retreating from a 16-month high hit earlier in the day, as investors took profits after the yen recovered from a fresh 12-1/2 year low against the US dollar. The Tokyo Commo
Published 03 Jun, 2015 12:00am
Short-covering sparks rally in wheat

Short-covering sparks rally in wheat

US wheat futures rallied 3.4 percent on Monday, bouncing off of their lowest in nearly three weeks, on a round of short-covering, traders said. "Frankly this market was struggling to go down," Arlan Suderman, senior market analyst at Water Street Solution
Published 03 Jun, 2015 12:00am
Coffee extends rally; New York cocoa up
Currency

Coffee extends rally; New York cocoa up

Coffee futures on ICE rose for the fifth straight session on Tuesday, buoyed by a crop report viewed as bullish and the strengthening currency in top grower Brazil, while New York cocoa broke a six-day streak of declines on support from currency. Raw suga
Published 03 Jun, 2015 12:00am
Shanghai copper slips

Shanghai copper slips

Shanghai copper slid 0.3 percent to 43,690 yuan ($7,049) a tonne on Tuesday as bleak global factory growth data indicated a muddy outlook for metal consumption over what is typically the stronger quarter of the year for seasonal demand. Manufacturing acti
Published 03 Jun, 2015 12:00am
Copper gains on weaker dollar
Currency

Copper gains on weaker dollar

Copper climbed on Tuesday as the dollar tumbled, but gains were limited by expectations of softer demand from China, which were reinforced by weak manufacturing activity in the world's largest consumer of industrial metals. Benchmark copper on the London
Published 03 Jun, 2015 12:00am
Oil up as much as two percent on dollar drop; US stocks seen down

Oil up as much as two percent on dollar drop; US stocks seen down

Oil prices rose as much as 2 percent on Tuesday, driven by a weak dollar and expectations that US crude supplies could have fallen last week for a fifth straight week. The likelihood of high global supplies from Opec's lack of will to cut output when it m
Published 03 Jun, 2015 12:00am
Gold steadies in New York

Gold steadies in New York

Gold was little changed on Monday, giving up gains as the dollar rallied after the precious metal was initially buoyed by an unexpected stall in US consumer spending and comments on interest rates from a Federal Reserve's official. Spot gold rose to a ses
Published 03 Jun, 2015 12:00am
Gold stays up in Asia

Gold stays up in Asia

Gold held firm below $1,200 an ounce on Tuesday as the dollar climbed to a fresh 12-1/2-year peak against the yen and strong US economic data supported expectations of a Federal Reserve rate hike later this year. Spot gold was little changed at $1,189.30
Published 03 Jun, 2015 12:00am
Gold rises in Europe

Gold rises in Europe

Gold edged higher on Tuesday in response to losses in the dollar after disappointing US data and also as uncertainty persisted over whether a high-level meeting on Greece's debt crisis might lead to a significant breakthrough. Spot gold rose 0.3 percent t
Published 03 Jun, 2015 12:00am
US MIDDAY: wheat, corn and soya up

US MIDDAY: wheat, corn and soya up

US corn, soyabean and wheat futures rallied on Tuesday, supported by a steep decline in the dollar that made all three commodities more attractive to investors looking for a hedge against inflation, traders said. Wheat notched the biggest gain, with the f
Published 03 Jun, 2015 12:00am
US MIDDAY: gold surges
Currency

US MIDDAY: gold surges

Gold edged higher on Tuesday in response to losses in the dollar after disappointing US data and also as uncertainty persisted over whether a high-level meeting on Greece's debt crisis might lead to a significant breakthrough. Spot gold rose 0.4 percent t
Published 03 Jun, 2015 12:00am
Cotton dips amid uncertainty over impact of rains on Texas crop
Cotton

Cotton dips amid uncertainty over impact of rains on Texas crop

ICE cotton futures dipped on Tuesday after sharp losses the prior session amid uncertainty over whether recent rains in Texas, the top-growing US state, would ultimately be harmful or beneficial to the crop. "Nobody knows how many acres are going to be lo
Published 03 Jun, 2015 12:00am
Blatter resigns as FIFA president

Blatter resigns as FIFA president

Sepp Blatter on Tuesday resigned as president of FIFA in a stunning capitulation to critics as a mounting corruption scandal engulfed world football's governing body. The 79-year-old Swiss official, FIFA president for 17 years and only reelected on Friday
Published 03 Jun, 2015 12:00am
Blatter resigns as FIFA president

Blatter resigns as FIFA president

Sepp Blatter on Tuesday resigned as president of FIFA in a stunning capitulation to critics as a mounting corruption scandal engulfed world football's governing body. The 79-year-old Swiss official, FIFA president for 17 years and only reelected on Friday
Published 03 Jun, 2015 12:00am
Egypt postpones final ruling on Morsi death sentence

Egypt postpones final ruling on Morsi death sentence

An Egyptian court Tuesday postponed its final ruling on ousted president Mohamed Morsi, who was sentenced to death along with dozens more over a mass jailbreak during the 2011 uprising. The court said that, on June 16, it would also announce its verdict a
Published 03 Jun, 2015 12:00am
Egypt postpones final ruling on Morsi death sentence

Egypt postpones final ruling on Morsi death sentence

An Egyptian court Tuesday postponed its final ruling on ousted president Mohamed Morsi, who was sentenced to death along with dozens more over a mass jailbreak during the 2011 uprising. The court said that, on June 16, it would also announce its verdict a
Published 03 Jun, 2015 12:00am
Experts criticise shape of PSDP

Experts criticise shape of PSDP

Prime Minister''s youth-related initiatives and resettlement of Temporary displaced Persons (TDPs) as well as related security expenditure cannot be made part of the Public Sector Development Programme (PSDP) because none of them is investment expenditure
Published 03 Jun, 2015 12:00am
Experts criticise shape of PSDP

Experts criticise shape of PSDP

Prime Minister's youth-related initiatives and resettlement of Temporary displaced Persons (TDPs) as well as related security expenditure cannot be made part of the Public Sector Development Programme (PSDP) because none of them is investment expenditures
Published 03 Jun, 2015 12:00am
Experts criticise shape of PSDP

Experts criticise shape of PSDP

Prime Minister's youth-related initiatives and resettlement of Temporary displaced Persons (TDPs) as well as related security expenditure cannot be made part of the Public Sector Development Programme (PSDP) because none of them is investment expenditures
Published 03 Jun, 2015 12:00am
The Weather

The Weather

The weather report on Tuesday (June 02, 2015) and the forecast for Wednesday (June 03, 2015).

Published 03 Jun, 2015 12:00am
Allegations against Ros: Ranjha asked to produce evidence

Allegations against Ros: Ranjha asked to produce evidence

After recording the statements of five witnesses on Tuesday, the General Election 2013 Inquiry Commission (GEIC) summoned four other witnesses for cross-examination on June 03 (today). During the hearing, the counsel for Pakistan Tehreek-e-Insaf (PTI), Pa
Published 03 Jun, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (June 02, 2015).

Published 03 Jun, 2015 12:00am
Allegations against ROs: Ranjha asked to produce evidence

Allegations against ROs: Ranjha asked to produce evidence

After recording the statements of five witnesses on Tuesday, the General Election 2013 Inquiry Commission (GEIC) summoned four other witnesses for cross-examination on June 03 (today). During the hearing, the counsel for Pakistan Tehreek-e-Insaf (PTI), Pa
Published 03 Jun, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (June 02, 2015).

Published 03 Jun, 2015 12:00am
Supply of mineral water: FBR decides to charge ST

Supply of mineral water: FBR decides to charge ST

The Federal Board of Revenue (FBR) has decided to charge sales tax on supply of mineral water, taking into account the printed retail price, in the upcoming budget (2015-16). A penalty of Rs 50,000 has been proposed for business and trade not declaring/pr
Published 03 Jun, 2015 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 03 Jun, 2015 12:00am
Supply of mineral water: FBR decides to charge ST

Supply of mineral water: FBR decides to charge ST

The Federal Board of Revenue (FBR) has decided to charge sales tax on supply of mineral water, taking into account the printed retail price, in the upcoming budget (2015-16). A penalty of Rs 50,000 has been proposed for business and trade not declaring/pr
Published 03 Jun, 2015 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 03 Jun, 2015 12:00am
Supply of mineral water: FBR decides to charge ST

Supply of mineral water: FBR decides to charge ST

The Federal Board of Revenue (FBR) has decided to charge sales tax on supply of mineral water, taking into account the printed retail price, in the upcoming budget (2015-16). A penalty of Rs 50,000 has been proposed for business and trade not declaring/pr
Published 03 Jun, 2015 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (June 02, 2015).

Published 03 Jun, 2015 12:00am
Bernanke blames Congress as China flexes economic muscles
Currency

Bernanke blames Congress as China flexes economic muscles

Former Federal Reserve chairman Ben Bernanke on Tuesday rebuked US lawmakers for allowing China to steal a march with a new Asian bank that threatens to upend Washington''s oversight of the world economic order. Speaking in Hong Kong, Bernanke also echoed
Published 03 Jun, 2015 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (June 02, 2015)

Published 03 Jun, 2015 12:00am
Bernanke blames Congress as China flexes economic muscles
Currency

Bernanke blames Congress as China flexes economic muscles

Former Federal Reserve chairman Ben Bernanke on Tuesday rebuked US lawmakers for allowing China to steal a march with a new Asian bank that threatens to upend Washington's oversight of the world economic order. Speaking in Hong Kong, Bernanke also echoed
Published 03 Jun, 2015 12:00am
Bernanke blames Congress as China flexes economic muscles
Currency

Bernanke blames Congress as China flexes economic muscles

Former Federal Reserve chairman Ben Bernanke on Tuesday rebuked US lawmakers for allowing China to steal a march with a new Asian bank that threatens to upend Washington's oversight of the world economic order. Speaking in Hong Kong, Bernanke also echoed
Published 03 Jun, 2015 12:00am
ASF seeks greater public cooperation

ASF seeks greater public cooperation

General public should cooperate with the Airport Security Force to enforce the "one visitor policy" ie one person receiving one passenger at the airports and avoid social gatherings to minimise attraction of terrorists, said Director General, Major Genera
Published 03 Jun, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (June 02, 2015).

Published 03 Jun, 2015 12:00am
ASF seeks greater public cooperation

ASF seeks greater public cooperation

General public should cooperate with the Airport Security Force to enforce the "one visitor policy" ie one person receiving one passenger at the airports and avoid social gatherings to minimise attraction of terrorists, said Director General, Major Genera
Published 03 Jun, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (June 02, 2015).

Published 03 Jun, 2015 12:00am
ASF seeks greater public cooperation

ASF seeks greater public cooperation

General public should cooperate with the Airport Security Force to enforce the "one visitor policy" ie one person receiving one passenger at the airports and avoid social gatherings to minimise attraction of terrorists, said Director General, Major Genera
Published 03 Jun, 2015 12:00am
Hundreds still missing after Yangtze cruise ship sinks

Hundreds still missing after Yangtze cruise ship sinks

Rescuers cut three more people from the wreckage of a capsized Chinese cruise ship Tuesday as workers battled to find more than 400 people still missing after the boat sank in the storm-tossed Yangtze river. A total of 15 people have so far been saved fro
Published 03 Jun, 2015 12:00am
Hundreds still missing after Yangtze cruise ship sinks

Hundreds still missing after Yangtze cruise ship sinks

Rescuers cut three more people from the wreckage of a capsized Chinese cruise ship Tuesday as workers battled to find more than 400 people still missing after the boat sank in the storm-tossed Yangtze river. A total of 15 people have so far been saved fro
Published 03 Jun, 2015 12:00am
THE RUPEE: slight rise
Currency

THE RUPEE: slight rise

The rupee inched up against the dollar on the money market on Tuesday in the process of trading, they said. The rupee recovered more five-paisa in relation to the dollar for buying and selling at Rs 101.85 and Rs 101.87 respectively, they said.
Published 03 Jun, 2015 12:00am
LSE index further gains 70.82 points

LSE index further gains 70.82 points

Bullish sentiments dominated the Lahore Stock Exchange for the second consecutive day on Tuesday as the LSE-25 index further gained 70.82 points to 5778.58 against 5707.76 of Monday while the transaction volume considerably improved to 3.977 million share
Published 03 Jun, 2015 12:00am
THE RUPEE: slight rise
Currency

THE RUPEE: slight rise

The rupee inched up against the dollar on the money market on Tuesday in the process of trading, they said. The rupee recovered more five-paisa in relation to the dollar for buying and selling at Rs 101.85 and Rs 101.87 respectively, they said.
Published 03 Jun, 2015 12:00am
LSE index further gains 70.82 points

LSE index further gains 70.82 points

Bullish sentiments dominated the Lahore Stock Exchange for the second consecutive day on Tuesday as the LSE-25 index further gained 70.82 points to 5778.58 against 5707.76 of Monday while the transaction volume considerably improved to 3.977 million share
Published 03 Jun, 2015 12:00am
ISE index up 33.55 points

ISE index up 33.55 points

Equities moved both ways at the Islamabad Stock Exchange (ISE) on Tuesday, where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 33.55 points as the ISE Ten Index moved f
Published 03 Jun, 2015 12:00am
ISE index up 33.55 points

ISE index up 33.55 points

Equities moved both ways at the Islamabad Stock Exchange (ISE) on Tuesday, where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 33.55 points as the ISE Ten Index moved f
Published 03 Jun, 2015 12:00am
US envoy in talks with Yemen rebels on peace conference

US envoy in talks with Yemen rebels on peace conference

The United States confirmed Wednesday that an American envoy has held talks in Oman with Iran-backed Yemeni rebels to convince them to attend a Geneva peace conference in mid-June. Washington's top diplomat for the Near East, Anne Patterson, had a number
Published 03 Jun, 2015 12:00am
ATR 72-500 safe, airworthy: PIA

ATR 72-500 safe, airworthy: PIA

ATR 72-500 (Aerei da Trasporto Regionale or Avions de transport regional) is a French-Italian aircraft and absolutely safe and airworthy, said PIA spokesman Amir Memon here on Tuesday. In a statement, he said all aircraft before take-off and on landing re
Published 03 Jun, 2015 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (June 02, 2015).

Published 03 Jun, 2015 12:00am
BRIndex30 gains 241.97 points

BRIndex30 gains 241.97 points

On Tuesday, BRIndex30 opened at 19,698.64 points and remained positive throughout the trading session. It touched an intraday high of 20,088.97 points and an intraday low of 19,698.64 points and closed at 19,940.61 points which was 241.97 points or 1.23 p
Published 03 Jun, 2015 12:00am
BRIndex30 gains 241.97 points

BRIndex30 gains 241.97 points

On Tuesday, BRIndex30 opened at 19,698.64 points and remained positive throughout the trading session. It touched an intraday high of 20,088.97 points and an intraday low of 19,698.64 points and closed at 19,940.61 points which was 241.97 points or 1.23 p
Published 03 Jun, 2015 12:00am
Index hits 14-week high

Index hits 14-week high

Backed by institutional investors, the Karachi share market maintained its pre-budget rally Tuesday amid higher trade largely in what equity analysts said sideboard scrips. Attracted by multiple positives, foreign investors scrambled to make net buying of
Published 03 Jun, 2015 12:00am
Index hits 14-week high

Index hits 14-week high

Backed by institutional investors, the Karachi share market maintained its pre-budget rally Tuesday amid higher trade largely in what equity analysts said sideboard scrips. Attracted by multiple positives, foreign investors scrambled to make net buying of
Published 03 Jun, 2015 12:00am
Index hits 14-week high

Index hits 14-week high

Backed by institutional investors, the Karachi share market maintained its pre-budget rally Tuesday amid higher trade largely in what equity analysts said sideboard scrips. Attracted by multiple positives, foreign investors scrambled to make net buying of
Published 03 Jun, 2015 12:00am
Four PTI workers killed

Four PTI workers killed

At least four people, stated to be Pakistan Tehreek-e-Insaf (PTI) workers, were killed when gunmen opened indiscriminate fire on them near Fawara Chowk, Abbottabad. Police said the victims were activists of PTI and the initial investigations suggested tha
Published 03 Jun, 2015 12:00am
Four PTI workers killed

Four PTI workers killed

At least four people, stated to be Pakistan Tehreek-e-Insaf (PTI) workers, were killed when gunmen opened indiscriminate fire on them near Fawara Chowk, Abbottabad. Police said the victims were activists of PTI and the initial investigations suggested tha
Published 03 Jun, 2015 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 03 Jun, 2015 12:00am
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