News Archives for Print - 2015-06-25 - Business Recorder

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Print - 2015-06-25

Short-term government securities: cut-off yield registers another 15 basis points increase

Short-term government securities: cut-off yield registers another 15 basis points increase

The cut-off yield on short-term government securities continued to surge and registered another 15 basis points (bps) increase in the auction held on Wednesday. Since the announcement of the federal budget 2015-2016 (FY16), the cut off yield on short-term

Published 25 Jun, 2015 12:00am

Short-term government securities: cut-off yield registers another 15 basis points increase

Short-term government securities: cut-off yield registers another 15 basis points increase

The cut-off yield on short-term government securities continued to surge and registered another 15 basis points (bps) increase in the auction held on Wednesday. Since the announcement of the federal budget 2015-2016 (FY16), the cut off yield on short-term

Published 25 Jun, 2015 12:00am

WSS services extended to six more divisional headquarters

WSS services extended to six more divisional headquarters

Modern Water and Sanitation Services have been extended to the remaining six divisional headquarters of Khyber Pakhtunkhwa province. The six divisional headquarters include Abbottabad, Kohat, Mardan, Swat, Bannu and Dera Ismail Khan. Chief Minister Khyber

Published 25 Jun, 2015 12:00am

Due share in power production PESCO accused of committing serious violations

Due share in power production PESCO accused of committing serious violations

KP Chief Minister Pervez Khattak has said that Peshawar Electric Supply Company (PESCO) was committing a serious violation of the constitutional provisions by depriving the people of Khyber Pakhtunkhwa of their due share in daily electricity production. H

Published 25 Jun, 2015 12:00am

Met Office predicts more scattered rains

Met Office predicts more scattered rains

The Meteorological department predicted more rain thundershower with gusty today (Thursday) at scattered places in Kashmir, Hazara, Rawalpindi, Gujranwala, Lahore, Sargodha, Faisalabad, Sahiwal divisions, while at isolated places in Malakand, Peshawar, Ko

Published 25 Jun, 2015 12:00am

Protest held: stern action against KE demanded

Protest held: stern action against KE demanded

The civil society, NGOs had staged protest under the aegis of Pasban Pakistan on deaths of civilians owing to blackouts by Karachi Electric (KE), scarcity of water supply and heat stroke at the Karachi Press Club here on Wednesday. The protestors demanded

Published 25 Jun, 2015 12:00am

Reports on terror financing: Task Force to conduct proceedings on daily basis

Reports on terror financing: Task Force to conduct proceedings on daily basis

In view of the observations raised by Pakistan Rangers Sindh in the Apex Committee about financing of terrorists through different sources including Bhatta collection etc, the Government of Sindh has constituted a Committee/ Task Force under the chairmans

Published 25 Jun, 2015 12:00am

Sindh Assembly concludes budget debate amid opposition criticism

Sindh Assembly concludes budget debate amid opposition criticism

The Sindh Assembly on Wednesday concluded budget debate with the strong criticism by opposition of the province next financial plan 2015-16 as the MQM announced to protest the 'injustices' against and urban and rural areas. MQM Khawaja Izhar-ul-Hasan aske

Published 25 Jun, 2015 12:00am

Load shedding in KP: PTI to hold province-wide strike tomorrow

Load shedding in KP: PTI to hold province-wide strike tomorrow

Pakistan Tehreek-e-Insaf Provincial Co-ordinator, Fazal Muhammad Khan, has announced to hold a province-wide strike against unannounced and prolonged loadshedding across the KP on June 26 (Friday). The decision was taken in a high profile meeting of Centr

Published 25 Jun, 2015 12:00am

Agreement with CAA China inked to improve air traffic

Agreement with CAA China inked to improve air traffic

Pakistan Civil Aviation Authority (PCAA) on Wednesday signed an agreement for co-ordination and to improve the air traffic transfer of control procedure with CAA China. According to details, a six-member high level delegation of Xinjiang Air Traffic Manag

Published 25 Jun, 2015 12:00am

Gold rate settles at Rs 45,090 per tola

Gold rate settles at Rs 45,090 per tola

Gold prices have fallen to less than 46,000 rupees per tola, the lowest since 2011. According to Karachi Jewellers Association price of 1 tola gold has fallen by Rs 200 to settle at 45,090 rupees. Meanwhile in global market, price of gold has fallen by 5

Published 25 Jun, 2015 12:00am

Posting

Posting

Mujeeb-ur-Rehman, a BS-17 officer of Pakistan Institute of Tourism and Hotel Management Department, Government of Sindh, presently posted as Second Secretary, Federal Board of Revenue (HQ), Islamabad on deputation basis, is repatriated to his parent depar

Published 25 Jun, 2015 12:00am

Appellate Tribunal: President approves PM's advice for nomination

Appellate Tribunal: President approves PM's advice for nomination

On a summary of the Election Commission of Pakistan, the President has approved the Prime Minister's advice for nomination of the Appellate Tribunal consisting of the honourable judges of Lahore High Court, Justice Abid Aziz Sheikh and Justice Shams Mahmo

Published 25 Jun, 2015 12:00am

Karachi deaths: Imran cut shorts London visit

Karachi deaths: Imran cut shorts London visit

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan cut short his visit in the wake of over 850 deaths in Karachi caused by ongoing heatwave. Khan was on a private trip to London to spend time with his sons. He is likely to return Wednesday morning. The PT

Published 25 Jun, 2015 12:00am

In-service deaths: Prime Minister's Package for families of late government employees held in abeyance

In-service deaths: Prime Minister's Package for families of late government employees held in abeyance

Senate Standing Committee on Finance was informed that Prime Minister's Package for families of Shuhada (government employees who died during service) has been held in abeyance due to its financial implications. An official of Established Division informe

Published 25 Jun, 2015 12:00am

Dastagir calls on Shahbaz

Dastagir calls on Shahbaz

Federal Commerce Minister Engineer Khurram Dastagir Khan called on Punjab Chief Minister Shahbaz Sharif here on Wednesday and discussed matters regarding trade and exports. Shahbaz said that national economy has improved due to solid economic policies of

Published 25 Jun, 2015 12:00am

Adverse impact of cell phones, iPad, laptop on baby brain explained

Adverse impact of cell phones, iPad, laptop on baby brain explained

"Science has proven that exposure to mobile phones, iPad and laptop is an important factor causing dysfunction of a baby brain. These developmental issues and learning difficulties affect the babies physically, socially and psychologically. Child turns in

Published 25 Jun, 2015 12:00am

Tevta to introduce short courses in different sectors

Tevta to introduce short courses in different sectors

Technical and Vocational Training Authority (Tevta) on recommendations of industry will introduce demand-driven short courses in different sectors and these courses will be launched soon in selected institutes, Chairperson Irfan Qaiser Shaikh said in a sp

Published 25 Jun, 2015 12:00am

PN officer facing court martial proceedings, IHC told

PN officer facing court martial proceedings, IHC told

Pakistan Navy on Wednesday informed Islamabad High Court (IHC) that an official under its custody was facing court martial proceedings in a sensitive issue. A single-member bench of Justice Shaukat Aziz Siddiqui resumed hearing of the petition filed by Ms

Published 25 Jun, 2015 12:00am

Seeking LNG for July-October: PSO disqualifies all offers except one

Seeking LNG for July-October: PSO disqualifies all offers except one

The Pakistan State Oil (PSO) has disqualified all offers submitted into its tender seeking LNG for July-October except one. A report published in Platts, citing PSO spokesperson, said all the tenders had been rejected except one. Platts is a provider of e

Published 25 Jun, 2015 12:00am

Universities urged to overcome budget deficits: Governor

Universities urged to overcome budget deficits: Governor

Khyber Pakhtunkhwa Governor, Sardar Mahtab Ahmad Khan said that universities are autonomous bodies and the universities administration should manage financial budget in an appropriate way in order to overcome the budget deficit. Firm guideline should be f

Published 25 Jun, 2015 12:00am

Massive decline in exports likely to continue: PTEA

Cotton

Massive decline in exports likely to continue: PTEA

"Massive decline in textile exports in May 2015 is alarming and this trend is likely to continue in future unless the industrial crisis would be addressed." Sohail Pasha, Chairman and Rizwan Riaz Saigal, Vice Chairman Pakistan Textile Exporters Associatio

Published 25 Jun, 2015 12:00am

Al Mustafa Trust sends medical equipment

Al Mustafa Trust sends medical equipment

The Al Mustafa Welfare Trust has sent a container to Pakistan containing modern life-saving equipment. The value of the equipment is worth millions of rupees which will be used to treat poor patients in hospitals being run by the Al Mustafa, said Chairman

Published 25 Jun, 2015 12:00am

PML-Q welcomes MQM support

PML-Q welcomes MQM support

The Pakistan Muslim League-Quaid-e-Azam has welcomed a statement by Muttahida Qaumi Movement Chief Altaf Hussain favouring the Kalabagh Dam, saying now "time is ripe for all Pakistani, including Karachiites, to rise in support of this vital dam". In a spe

Published 25 Jun, 2015 12:00am

LCCI welcomes Altaf's pro-KBD statement

LCCI welcomes Altaf's pro-KBD statement

Lahore Chamber of Commerce and Industry has welcomed a statement by Muttahida Qaumi Movement Chief Altaf Hussain about the construction of the Kalabagh Dam and said he hopes his gesture will pave the way for an early completion.

Published 25 Jun, 2015 12:00am

1516 more cases registered against fake CNIC holders

1516 more cases registered against fake CNIC holders

Khyber Pakhtunkhwa Police has registered cases against more 1516 persons for holding fake CNIC in the ongoing crackdown against fake CNIC and its facilitators. According to details the Regional Police Officers and district police officers in the light of

Published 25 Jun, 2015 12:00am

Speakers call for effective legislation on minorities' rights

Speakers call for effective legislation on minorities' rights

Representatives from various media organisations at a meeting on minorities' rights have called for effective legislation related to marriage, divorce, inheritance, adoption rights to non-Muslims community. They also emphasised to expedite on the Minority

Published 25 Jun, 2015 12:00am

Government should revisit plans to revive old dams: PEW

Government should revisit plans to revive old dams: PEW

The Pakistan Economy Watch (PEW) on Wednesday said government should revisit plans to revive old dams in favour of constructing new dams with special focus on Kalabagh Dam (KBD). KBD is the most viable and most politicised projects in the history of Pakis

Published 25 Jun, 2015 12:00am

Decline in international oil prices Country saves $3 billion forex in 2014-15

Decline in international oil prices Country saves $3 billion forex in 2014-15

Pakistan has saved foreign exchange worth $3 billion during fiscal year 2014-15 in the wake of decline in international oil prices, according to Pakistan Economic Survey 2014-15.

Published 25 Jun, 2015 12:00am

Nation fully backs Zarb-e-Azb: Rabbani

Nation fully backs Zarb-e-Azb: Rabbani

Acting President Mian Raza Rabbani Wednesday said that entire nation and political leadership of the country completely backed the operation Zarb-e-Azb against terrorism. He noted that national consensus on this critical issue was producing positive resul

Published 25 Jun, 2015 12:00am

IPO on old cars: FTO Office makes key observation

IPO on old cars: FTO Office makes key observation

The Federal Tax Ombudsman (FTO) has observed that the FTO need not to interpret 'explanation' of Appendix-E of Import Policy Order (IPO) on import of old and used vehicles issued by Ministry of Commerce as FTO Ordinance, 2000 bars FTO's jurisdiction from

Published 25 Jun, 2015 12:00am

Soyem today

Soyem today

Soyem of M. Anwar Hussain, the Night Shift head of Apex Printry Pvt Ltd, will be held today after Zuhr at Alam Shah Bokhari Mosque, Sector 3, North Karachi. Anwar Hussain, 61, who died of heat-stroke on Tuesday, had worked for the organisation for over fo

Published 25 Jun, 2015 12:00am

Oversight of CPEC projects: National Assembly speaker authorised to constitute parliamentary body

Oversight of CPEC projects: National Assembly speaker authorised to constitute parliamentary body

The National Assembly on Wednesday authorised the Speaker to constitute a Parliamentary Committee to oversee the China-Pakistan Economic Corridor (CPEC) projects. Finance Minister Muhammad Isahq Dar moved a motion in the House seeking to authorise Speaker

Published 25 Jun, 2015 12:00am

Two killed in car-motorcycle collision

Two killed in car-motorcycle collision

Two people died when an over speeding car hit a motorcycle here on Wednesday. Rescue sources said that an over speeding private car knocked down a motorcycle carrying two people near Jehanian Bypass. One motorcyclist died on the spot in the accident while

Published 25 Jun, 2015 12:00am

UN Day for victims of torture: Pakistan urged to adopt anti-torture legislation

UN Day for victims of torture: Pakistan urged to adopt anti-torture legislation

On the occasion of the International Day in Support of Victims of Torture, June 26, the World Organisation against Torture (OMCT) and the Human Rights Commission of Pakistan (HRCP) call on the government of Pakistan to adopt anti-torture legislation and p

Published 25 Jun, 2015 12:00am

Shaheed Lieutenant Colonel Iftikhar laid to rest

Shaheed Lieutenant Colonel Iftikhar laid to rest

Shaheed Lieutenant Colonel Iftikhar Ahmad Jameel, a brave Army officer martyred in operation Zarb-e-Azb, was laid to rest in his ancestral area here with full military honour here on Wednesday. Funeral prayers of the valiant soldier was held at the Multan

Published 25 Jun, 2015 12:00am

Prayers leader stabbed to death in Chiniot

Prayers leader stabbed to death in Chiniot

A prayers leader was stabbed to death by two culprits over personal grudge here on Wednesday. Police said the culprits hailing from suburbs Patraki of Chiniot over personal differences attacked a local prayers leader with sharp edged weapons and fled afte

Published 25 Jun, 2015 12:00am

Shanghai copper rises

Shanghai copper rises

Shanghai Futures Exchange copper rose 0.8 percent to 42,190 yuan ($6,797) a tonne on Wednesday as the focus shifted from a seasonal decline in demand to optimism over a potential deal on Greek debt and as the dollar weakened. "Clearly, the issues in Greec

Published 25 Jun, 2015 12:00am

Copper slips as Greek jitters, summer slowdown weigh

Copper slips as Greek jitters, summer slowdown weigh

Copper slipped on Wednesday in volatile trade as talks to avert a Greek debt default dragged on and concern grew over slowing China growth and a summer demand slowdown. Markets reacted nervously to a statement from Athens saying that creditors had rejecte

Published 25 Jun, 2015 12:00am

Rubber climbs

Rubber climbs

Benchmark Tokyo rubber futures rose for a second day to a one-week high on Wednesday, helped by firmer oil prices and a weaker yen, amid thin trade as some investors stayed on the sidelines ahead of the June contract's expiry. The Tokyo Commodity Exchange

Published 25 Jun, 2015 12:00am

Rotterdam vegetable oil prices

Vegetable Oil

Rotterdam vegetable oil prices

Wednesday's Rotterdam vegetable oil prices at 1600 GMT.

Published 25 Jun, 2015 12:00am

Rotterdam vegetable oil prices

Vegetable Oil

Rotterdam vegetable oil prices

Wednesday's Rotterdam vegetable oil prices at 1600 GMT.

Published 25 Jun, 2015 12:00am

Wheat soars four percent on weather, technical buying

Wheat soars four percent on weather, technical buying

US wheat futures jumped about 4 percent on Tuesday on technical buying coupled with concerns about rains delaying the Midwest harvest, traders said. Corn set a five-week high on declining US crop conditions while nearby soyabeans fell on softening cash va

Published 25 Jun, 2015 12:00am

Palm oil rises

Vegetable Oil

Palm oil rises

Malaysian palm oil futures rose to their highest in a week on Wednesday as the ringgit dipped, making the ringgit-denominated palm feedstock cheaper for overseas customers. The September palm oil contract on the Bursa Malaysia Derivatives exchange had inc

Published 25 Jun, 2015 12:00am

Sugar and coffee climb

Sugar and coffee climb

White sugar futures touched a one-month high on Wednesday, supported by talk of tightness in tenderable supplies driven partly by a pick-up in demand in the physical market. Dealers noted the strength of the whites market had increased its already large p

Published 25 Jun, 2015 12:00am

Gold retreats in New York

Gold retreats in New York

Gold eased on Tuesday as the euro slid sharply against the dollar, and as stock markets rallied on hopes that Greece would reach a deal with its creditors to stave off default. Spot gold was down 0.7 percent at $1,176.79 an ounce by 2:44 pm EDT (1844 GMT)

Published 25 Jun, 2015 12:00am

Gold slides in Asia

Gold slides in Asia

Gold slid to a one-week low on Wednesday, down for a fourth consecutive session as the dollar strengthened and global stock markets continued to rally on expectations of a Greek debt deal. "Investors reacted to enhanced hopes of a Greek debt deal by liqui

Published 25 Jun, 2015 12:00am

Gold slips to two-week low in Europe

Currency

Gold slips to two-week low in Europe

Gold edged lower on Wednesday as the dollar pared earlier losses versus the euro, while traders took to the sidelines to await news on Greece's negotiations with its international lenders to avoid default. The precious metal has declined for the last thre

Published 25 Jun, 2015 12:00am

Good crop, high stocks to support Russian wheat exports

Good crop, high stocks to support Russian wheat exports

Good crops in the key exporting regions and high stocks will support Russia's wheat exports at the start of 2015/16 marketing season from July 1, the SovEcon agriculture consultancy said on Wednesday. Exports from Russia, one of the world's major wheat ex

Published 25 Jun, 2015 12:00am

Deaths caused by heatwave

Deaths caused by heatwave

That the current heatwave in Karachi has claimed as many as 800 lives is a sardonic comment on the fast-growing cosmopolitan city's ability, rather inability, to take on this or similar challenge. What has clearly added to Karachiites woes increased power

Published 25 Jun, 2015 12:00am

Planned Greek tax hikes risk further damaging stalled economy

Planned Greek tax hikes risk further damaging stalled economy

Greece encouraged global markets with its new debt plan, but some economists question whether its emphasis on tax hikes will do more harm than good to the recession-mired economy. Athens kicked off this week with long-awaited concessions aimed at resolvin

Published 25 Jun, 2015 12:00am

Settlement of investment disputes

Settlement of investment disputes

Introduction: There is no doubt that the question of state responsibility in the wake of bilateral investment treaties (BITs) is now well debated in the annals of judicial review by the International Tribunals such as Tribunal constituted under int

Published 25 Jun, 2015 12:00am

VIEWPOINT: The question of mandate

VIEWPOINT: The question of mandate

PPP co-chairman Asif Ali Zardari's fulminations against the Army leadership took everyone by surprise. Even his party did not think it was such a good idea. Hence, soon afterwards it fell upon Qamar Zaman Kaira and Sherry Rehman to embark on a damage cont

Published 25 Jun, 2015 12:00am

Conserving forest lands

Conserving forest lands

The Sindh government's recent announcement to allot 9,000 acres of forest land to the Army has re-ignited debate about the province's forest land lease policy with civil society groups taking issue with the decision. Of course, no one is saying that the s

Published 25 Jun, 2015 12:00am

Opting out of budget debate

Opting out of budget debate

Of all the legislations parliaments do the most crucial is the passage of the annual budget. That the Opposition in the parliament would let the government pass the federal budget without offering it the obligated resistance is unthinkable, but not in Pak

Published 25 Jun, 2015 12:00am

Cotton inches up in light volume ahead of export sales report

Cotton

Cotton inches up in light volume ahead of export sales report

ICE cotton futures were little changed on Wednesday, rising slightly in low-volume trading ahead of a US government export sales report expected in the next session, as prices continued to consolidate in an increasingly tight range. "Most people were keep

Published 25 Jun, 2015 12:00am

Oil slides after big US gasoline build offsets crude draw

Oil slides after big US gasoline build offsets crude draw

Crude oil futures settled down more than 1 percent on Wednesday after a government report showing an eighth straight weekly drop in US crude stockpiles was offset by a large build in refined products. Uncertainties about progress in the Greek debt crisis

Published 25 Jun, 2015 12:00am

Wheat hits two-week high

Wheat hits two-week high

US wheat futures climbed to a two-week high on Wednesday as concerns about poor weather in the US Midwest, Western Europe and Canada prompted a round of fund-driven short-covering, traders said. Corn and soyabeans also advanced, rallying from early declin

Published 25 Jun, 2015 12:00am

US MIDDAY: gold falls

US MIDDAY: gold falls

Gold fell for the fourth straight session to a two-week low early on Wednesday as the dollar pared earlier losses versus the euro and traders awaited news on Greece's negotiations with its international lenders to avoid default. The precious metal has dec

Published 25 Jun, 2015 12:00am

Afghan trade talks stalled

Afghan trade talks stalled

Pakistan has reportedly stalled trade talks with Afghanistan after the latter sought land access to Wagha border (for trade with India by road) in lieu of facilitation to the proposed transit agreement between Pakistan and Tajikistan. This was revealed by

Published 25 Jun, 2015 12:00am

The Weather

The Weather

The weather report on Wednesday (June 24, 2015) and the forecast for Thursday (June 25, 2015).

Published 25 Jun, 2015 12:00am

8 percent minimum tax applicable to service providers

8 percent minimum tax applicable to service providers

Eight percent minimum tax under section 153 (1) (b) of the Income Tax Ordinance, 2001 would be applicable to companies providing services such as telecom companies (cellular and landline service providers), courier companies, logistic companies, security

Published 25 Jun, 2015 12:00am

Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (June 24, 2015).

Published 25 Jun, 2015 12:00am

France calls US spying 'unacceptable'

France calls US spying 'unacceptable'

France summoned the US ambassador on Wednesday and said it "will not tolerate any acts that threaten its security" after leaked documents indicated Washington spied on President Francois Hollande and his two predecessors. Hollande convened a meeting of to

Published 25 Jun, 2015 12:00am

LME official prices

LME official prices

The following were Tuesday official prices.

Published 25 Jun, 2015 12:00am

UN forecasts rebound in global investment flows this year

UN forecasts rebound in global investment flows this year

Global foreign direct investment is expected to rebound in 2015 after falling 16 percent last year due to a fragile world economy and political and military crises, the UN said Wednesday. FDI flows world-wide dropped to $1.23 trillion (about 1.1 trillion

Published 25 Jun, 2015 12:00am

LME official prices

LME official prices

The following were Tuesday official prices.

Published 25 Jun, 2015 12:00am

Talks halted until today

Talks halted until today

Eurozone finance ministers suspended a crunch meeting on Greece's debt crisis on Wednesday but are "determined" to try to reach a deal when they resume the next day, Eurogroup chief Jeroen Dijsselbloem said. "We have not reached agreement yet. But we are

Published 25 Jun, 2015 12:00am

Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (June 24, 2015).

Published 25 Jun, 2015 12:00am

Talks halted until today

Talks halted until today

Eurozone finance ministers suspended a crunch meeting on Greece's debt crisis on Wednesday but are "determined" to try to reach a deal when they resume the next day, Eurogroup chief Jeroen Dijsselbloem said. "We have not reached agreement yet. But we are

Published 25 Jun, 2015 12:00am

Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (June 24, 2015)

Published 25 Jun, 2015 12:00am

Greece slams creditors as hopes dim for debt deal

Greece slams creditors as hopes dim for debt deal

Greek Prime Minister Alexis Tsipras lashed out at his country's creditors ahead of critical talks Wednesday, denting hopes of a final debt deal to prevent Athens from defaulting and leaving the euro. The leftist leader flew to Brussels for a crunch meetin

Published 25 Jun, 2015 12:00am

Lahore Paper Market Rates

Lahore Paper Market Rates

Paper market rates in rupees on Wednesday (June 24, 2015).

Published 25 Jun, 2015 12:00am

Greece slams creditors as hopes dim for debt deal

Greece slams creditors as hopes dim for debt deal

Greek Prime Minister Alexis Tsipras lashed out at his country's creditors ahead of critical talks Wednesday, denting hopes of a final debt deal to prevent Athens from defaulting and leaving the euro. The leftist leader flew to Brussels for a crunch meetin

Published 25 Jun, 2015 12:00am

Pakistan Mercantile Exchange - PMEX

Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Wednesday (June 24, 2015).

Published 25 Jun, 2015 12:00am

BRIndex30 up 198.48 points

BRIndex30 up 198.48 points

On Wednesday, BRIndex30 opened at 20,920.10 points and remained positive throughout the trading session. It touched an intraday high of 21,200.74 points and an intraday low of 21,032.24 points and closed at 21,118.58 points which was 198.48 points or 0.95

Published 25 Jun, 2015 12:00am

Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (June 24, 2015).

Published 25 Jun, 2015 12:00am

BRIndex30 up 198.48 points

BRIndex30 up 198.48 points

On Wednesday, BRIndex30 opened at 20,920.10 points and remained positive throughout the trading session. It touched an intraday high of 21,200.74 points and an intraday low of 21,032.24 points and closed at 21,118.58 points which was 198.48 points or 0.95

Published 25 Jun, 2015 12:00am

Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (June 24, 2015).

Published 25 Jun, 2015 12:00am

Stocks snap losing streak

Stocks snap losing streak

Having lost 393 points during last couple of sessions, the Karachi share market turned positive Wednesday. Led by second- and third-tier scrips, the rally saw KSE-100 index closing 198 points higher at 34,331.94 compared to 34,133.84 of Tuesday. The tradi

Published 25 Jun, 2015 12:00am

Dollar's rate in interbank market

Dollar's rate in interbank market

Interbank closing rates for dollar on Wednesday (June 24, 2015).

Published 25 Jun, 2015 12:00am

Stocks snap losing streak

Stocks snap losing streak

Having lost 393 points during last couple of sessions, the Karachi share market turned positive Wednesday. Led by second- and third-tier scrips, the rally saw KSE-100 index closing 198 points higher at 34,331.94 compared to 34,133.84 of Tuesday. The tradi

Published 25 Jun, 2015 12:00am

Kerb buying and selling rate of US dollar

Kerb

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Wednesday (June 24, 2015).

Published 25 Jun, 2015 12:00am

Stocks snap losing streak

Stocks snap losing streak

Having lost 393 points during last couple of sessions, the Karachi share market turned positive Wednesday. Led by second- and third-tier scrips, the rally saw KSE-100 index closing 198 points higher at 34,331.94 compared to 34,133.84 of Tuesday. The tradi

Published 25 Jun, 2015 12:00am

THE RUPEE: minor changes

Currency

THE RUPEE: minor changes

Slight fluctuations were seen in the value of the rupee versus the dollar on the money market on Wednesday, they said. The rupee gained four-paisa against the dollar for buying at Rs 101.78 and Rs 101.80 respectively, dealers said.

Published 25 Jun, 2015 12:00am

DISCOs'' sell-off: Senate panel for giving preference to provinces

DISCOs'' sell-off: Senate panel for giving preference to provinces

The Senate Standing Committee on Finance has asked the federal government to give preference to the provinces in the privatisation of power distribution companies (DISCOs) to avert Karachi-like situation. The proposal was floated by the Chairman of the Se

Published 25 Jun, 2015 12:00am

THE RUPEE: minor changes

Currency

THE RUPEE: minor changes

Slight fluctuations were seen in the value of the rupee versus the dollar on the money market on Wednesday, they said. The rupee gained four-paisa against the dollar for buying at Rs 101.78 and Rs 101.80 respectively, dealers said.

Published 25 Jun, 2015 12:00am

DISCOs' sell-off: Senate panel for giving preference to provinces

DISCOs' sell-off: Senate panel for giving preference to provinces

The Senate Standing Committee on Finance has asked the federal government to give preference to the provinces in the privatisation of power distribution companies (DISCOs) to avert Karachi-like situation. The proposal was floated by the Chairman of the Se

Published 25 Jun, 2015 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Wednesday (June 24, 2015).

Published 25 Jun, 2015 12:00am

DISCOs' sell-off: Senate panel for giving preference to provinces

DISCOs' sell-off: Senate panel for giving preference to provinces

The Senate Standing Committee on Finance has asked the federal government to give preference to the provinces in the privatisation of power distribution companies (DISCOs) to avert Karachi-like situation. The proposal was floated by the Chairman of the Se

Published 25 Jun, 2015 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Wednesday (June 24, 2015).

Published 25 Jun, 2015 12:00am

MQM rejects all allegations

MQM rejects all allegations

Muttahida Quami Movement has rejected all the allegations levelled against it in a report broadcast by the BBC. It said, "MQM is a peace-loving political party that believes in the unity and integrity of Pakistan." The Co-ordination Committee said that th

Published 25 Jun, 2015 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Wednesday (June 24, 2015).

Published 25 Jun, 2015 12:00am

MQM rejects all allegations

MQM rejects all allegations

Muttahida Quami Movement has rejected all the allegations levelled against it in a report broadcast by the BBC. It said, "MQM is a peace-loving political party that believes in the unity and integrity of Pakistan." The Co-ordination Committee said that th

Published 25 Jun, 2015 12:00am

Cross Transactions between Client to Client & Financial Institutions

Cross Transactions between Client to Client & Financial Institutions

The following were the cross transactions between client to client & financial institutions here on Wednesday (June 24, 2015).

Published 25 Jun, 2015 12:00am

'Funding from India': MQM faces grave charges

'Funding from India': MQM faces grave charges

A BBC report on Wednesday claimed the officials in Muttahida Qaumi Movement (MQM) have told the United Kingdom authorities that they received Indian government funds. According to the report which quotes an unnamed "authoritative Pakistani source", offici

Published 25 Jun, 2015 12:00am

Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (June 24, 2015).

Published 25 Jun, 2015 12:00am

'Funding from India': MQM faces grave charges

'Funding from India': MQM faces grave charges

A BBC report on Wednesday claimed the officials in Muttahida Qaumi Movement (MQM) have told the United Kingdom authorities that they received Indian government funds. According to the report which quotes an unnamed "authoritative Pakistani source", offici

Published 25 Jun, 2015 12:00am

Mutual Funds Association of Pakistan

Mutual Funds

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Wednesday (June 24, 2015)

Published 25 Jun, 2015 12:00am

LNG import at lowest rate, National Assembly told

LNG import at lowest rate, National Assembly told

Federal Minister for Water and Power Khawaja Asif has said that Pakistan will import Liquefied Natural Gas (LNG) from Qatar at lowest rate. "The contract for import of LNG with Qatar has not been signed yet, but it will be below 14 percent of the Brent. I

Published 25 Jun, 2015 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 22	277.85
USD PKR Interbank Buying / Nov 22	277.65
USD to Japanese Yen / Nov 23	154.78
USD to Swiss Franc / Nov 23	0.89
Pound Sterling to USD / Nov 23	1.25
Euro to USD / Nov 23	1.04

Stock	Volume
S&P 500 / Nov 22	5,969.34
India Sensex / Nov 22	79,117.11
Tokyo Nikkei / Nov 22	38,283.85
Nasdaq / Nov 22	18,003.65
Hang Seng / Nov 22	19,229.97
FTSE 100 / Nov 22	8,262.08
Dow Jones / Nov 22	44,296.51
Germany DAX 30 / Nov 22	19,322.59

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 22	17,785
Gold 10 Grams PKR / Nov 22	240,483
Crude Oil USD/Barrel / Nov 23	71.24
Gold Spot USD/Ounce / Nov 23	2,716.19
Cotton US¢/pound / Nov 23	70.77
Petrol/Litre / Nov 25	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 25 786 Investments Limited(786)	6.82 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 25 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▼ 0.00 (0.00%)
Agro Allianz / Nov 25 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 25 Ali Asghar Textile Mills Limited(AATM)	70.89 ▼ 0.00 (0.00%)
Allied Bank / Nov 25 Allied Bank Limited(ABL)	120.21 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 25 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▼ 0.00 (0.00%)
Abson Ind. / Nov 25 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 25 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 25 786 Investments Limited(786)	6.82 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 25 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▲ 0.00 (0.00%)
Agro Allianz / Nov 25 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 25 Ali Asghar Textile Mills Limited(AATM)	70.89 ▲ 0.00 (0.00%)
Allied Bank / Nov 25 Allied Bank Limited(ABL)	120.21 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 25 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▲ 0.00 (0.00%)
Abson Ind. / Nov 25 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 25 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 25 Worldcall Telecom Limited(WTL)	177,135,830 ▲ 0.00
K-Electric Ltd. / Nov 25 K-Electric Limited(KEL)	124,131,268 ▲ 0.00
Hascol Petrol / Nov 25 Hascol Petroleum Limited(HASCOL)	105,013,176 ▲ 0.00
Fauji Foods Ltd / Nov 25 Fauji Foods Limited(FFL)	77,697,371 ▲ 0.00
Treet Battery / Nov 25 Treet Battery Limited(TBL)	43,783,366 ▲ 0.00
B.O.Punjab / Nov 25 The Bank of Punjab(BOP)	36,573,763 ▲ 0.00
Sui South Gas / Nov 25 Sui Southern Gas Company Limited(SSGC)	32,719,678 ▲ 0.00
PIA Holding Co.Ltd / Nov 25 PIA Holding Company Limited(PIAHCLA)	27,969,689 ▲ 0.00
Cnergyico PK / Nov 25 Cnergyico PK Limited(CNERGY)	25,874,820 ▲ 0.00

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NJLI Sarmaya Growth Fund Rates

FBR seeks compulsory retirement regime to clear ‘dead wood’

FBR seeks compulsory retirement regime to clear ‘dead wood’

Cars on the cards

Cars on the cards

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

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

Aleem apprised of challenges facing SEZs

Aleem apprised of challenges facing SEZs

Arrests made as PTI convoys en route to Islamabad for protest

Arrests made as PTI convoys en route to Islamabad for protest

Selling gas to third parties

Selling gas to third parties

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

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

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

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