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Print - 2015-07-11
DRAP notifies retail price of health, OTC products

DRAP notifies retail price of health, OTC products

The Drug Regulatory Authority of Pakistan (DRAP) has notified that the retail price of health and over-the-counter (OTC) products (non-drugs) including probiotics and disinfectant, nutritional products, food supplements, baby milk and foods, medicated cos
Published 11 Jul, 2015 12:00am
Business body hails meeting

Business body hails meeting

Pakistan India Business Council (PIBC) here on Friday welcomed the meeting between Prime Minister Muhammad Nawaz Sharif and Indian Prime Minister Narindara Modi, terming it constructive and meaningful for peace and prosperity of the region. "We appreciate
Published 11 Jul, 2015 12:00am
US welcomes Modi-Sharif meeting

US welcomes Modi-Sharif meeting

The US has welcomed the meeting between Prime Minister Narendra Modi and his Pakistani counterpart Nawaz Sharif in Russia on Friday, saying the tension between the two south Asian neighbours is not in anyone's interest. "We welcome the meeting between Ind
Published 11 Jul, 2015 12:00am
99 villages of district Khushab declared calamity-hit

99 villages of district Khushab declared calamity-hit

On the instructions of Punjab government, Board of Revenue (BoR) Punjab has declared as many as 99 villages of district Khushab as calamity-hit. Heavy rains and hailstorm in these villages in March caused severe damage to Rabi crop, Chief Relief Commissio
Published 11 Jul, 2015 12:00am
Salman reviews pre-flood arrangements

Salman reviews pre-flood arrangements

On the directives of Chief Minister Punjab Shahbaz Sharif Advisor on Health Khawaja Salman Rafique paid a visit to River Ravi in Shahdara and Kala Khataye Road to review the pre-flood arrangements on Friday. The senior officers of PDMA, Agriculture, Irrig
Published 11 Jul, 2015 12:00am
'Punjab government to overcome energy crisis by 2018'

'Punjab government to overcome energy crisis by 2018'

Provincial Minister for Excise and Taxation, Mujtaba Shujaur Rehman has said that Punjab government will overcome loadshedding and energy crisis by 2018 for which solar, coal and LNG power projects are being set up in the province whereas work has also be
Published 11 Jul, 2015 12:00am
Sindh government wants to save corruption mafia: Haleem

Sindh government wants to save corruption mafia: Haleem

Sindh government has resorted to a blackmailing attitude on the issue of deployment and powers of rangers just to save its corruption mafia, said Pakistan Muslim League (PML) Sindh chapter president Haleem Adil Sheikh. Addressing a crowded press conferenc
Published 11 Jul, 2015 12:00am
WHT on bank transactions: Business community seeks Shahbaz's help

WHT on bank transactions: Business community seeks Shahbaz's help

Business community has sought the help of Chief Minister Punjab Shahbaz Sharif to get the issue of withholding tax on bank transactions resolved at the earliest. LCCI Senior Vice President Mian Nauman Kabir said that business community appreciates Chief M
Published 11 Jul, 2015 12:00am
PFMA calls off strike

PFMA calls off strike

Pakistan Flour Mills Association (PFMA) has called off its Saturday's countrywide strike following receiving assurance from Punjab Chief Minister Mian Shahbaz Sharif that the 7 per cent general sales tax (GST) imposed on bran will be withdrawn. The PFMA h
Published 11 Jul, 2015 12:00am
Modi-Sharif meeting Joint statement termed one-sided by Sherry

Modi-Sharif meeting Joint statement termed one-sided by Sherry

Welcoming the meeting between Prime Minister Nawaz Sharif and his Indian counterpart Narendra Modi, Senator Sherry Rehman said that the PPP has always supported a constructive peace process, yet the joint statement issued after such an important meeting s
Published 11 Jul, 2015 12:00am
Five of a family killed in roof collapse

Five of a family killed in roof collapse

At least five members of same family including three children died and two critically injured when roof of a dilapidated house collapsed due to heavy rain here on early Friday morning. Police said that roof of a mud and stone made house located in Bahadur
Published 11 Jul, 2015 12:00am
Shahbaz reviews progress on various ongoing development projects

Shahbaz reviews progress on various ongoing development projects

Punjab Chief Minister Shahbaz Sharif presided over a high-level meeting here on Friday which reviewed the progress on various ongoing development projects in Lahore and other cities of the province. Addressing the meeting, the CM said transparency, standa
Published 11 Jul, 2015 12:00am
PTI workers demand suspension of Afridi's membership

PTI workers demand suspension of Afridi's membership

Ideological workers of Pakistan Tehreek-i-Insaf have demanded of the party central leadership to suspend basic membership of KP Minister Ziaullah Afridi, after accusing him in corruption scam. The demand was made by PTI former district president, Zafar Iq
Published 11 Jul, 2015 12:00am
Promotion

Promotion

Muhammad Farooq Ahmed Dy Manager (Public Relations) IESCO has been upgraded from Grade-18 to Grade-19 as Additional Manager. The orders were issued with the approval of Board of Directors IESCO.
Published 11 Jul, 2015 12:00am
The plight of Syrians

The plight of Syrians

How ironic it is that the number of Syrian refugees has topped four million. According to the United Nation, more than four million Syrians have fled the civil war ravaging their country to become refugees in the surrounding region - a million of them in
Published 11 Jul, 2015 12:00am
The Weather

The Weather

The weather report on Friday (July 10, 2015) and the forecast for Saturday (July 11, 2015).

Published 11 Jul, 2015 12:00am
Germany blind to own debt past in Greece crisis, say critics

Germany blind to own debt past in Greece crisis, say critics

Berlin's refusal to grant debt forgiveness to Greece has exposed it to charges of hypocrisy by critics who point out Germany's own post-war 'economic miracle' was based on Western largesse. Greece's hard-left Prime Minister Alexis Tsipras, and several lea
Published 11 Jul, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (July 10, 2015).

Published 11 Jul, 2015 12:00am
UK's minimum wage boost will not bring riches for all

UK's minimum wage boost will not bring riches for all

Britain's Conservative politicians cheered and pumped their fists on Wednesday when finance minister George Osborne announced a bumper increase in the minimum wage, but the economic gains from the change are likely to be much more muted. The plan to raise
Published 11 Jul, 2015 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 11 Jul, 2015 12:00am
Economic lies prosper in Pakistan

Economic lies prosper in Pakistan

Create a difficult situation and do anything to the public. That is the order of the day. The public will be looking for ways to ward off poverty and hunger. The ruling elites can do anything in the corridors of power. In the holy month of Ramazan what th
Published 11 Jul, 2015 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 11 Jul, 2015 12:00am
Rangers' operations in Karachi

Rangers' operations in Karachi

After much hesitation the Sindh government renewed, at the last hour, its request to the Interior Ministry for the Rangers to stay on in the province for another one month. The issue of contention in fact has not been extension in stay but in policing pow
Published 11 Jul, 2015 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on June 23rd, 2015.

Published 11 Jul, 2015 12:00am
Railway losses

Railway losses

According to the Auditor General of Pakistan's (AGP) report 2014-15 and submitted to the President and the National Assembly, net losses of Pakistan Railways (PR) increased by 7 percent in 2013-14, the first-year of the tenure of Khawaja Saad Rafiq as Rai
Published 11 Jul, 2015 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on June 23rd, 2015.

Published 11 Jul, 2015 12:00am
Oil ends steady on small US rig rise; eyes on Greece, Iran

Oil ends steady on small US rig rise; eyes on Greece, Iran

Crude futures settled little changed on Friday after data showed the US oil rig count barely rose this week, allaying fears of an acceleration in drilling that could bring on a surfeit of new supply to the market. Oil had been volatile most of the session
Published 11 Jul, 2015 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on June 23rd, 2015.

Published 11 Jul, 2015 12:00am
Omar Sharif dies

Omar Sharif dies

Egyptian-born actor Omar Sharif, who starred in "Doctor Zhivago" and "Lawrence of Arabia", died on Friday in Cairo aged 83, his London-based agent said. "He died this afternoon of a heart attack in Cairo," Steve Kenis told AFP, adding that the actor had b
Published 11 Jul, 2015 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (July 10, 2015).

Published 11 Jul, 2015 12:00am
Omar Sharif dies

Omar Sharif dies

Egyptian-born actor Omar Sharif, who starred in "Doctor Zhivago" and "Lawrence of Arabia", died on Friday in Cairo aged 83, his London-based agent said. "He died this afternoon of a heart attack in Cairo," Steve Kenis told AFP, adding that the actor had b
Published 11 Jul, 2015 12:00am
Sardar Abdul Qayyum passes away

Sardar Abdul Qayyum passes away

Former President of Azad Jammu and Kashmir and veteran Kashmiri politician Sardar Abdul Qayyum Khan passed away at the age of 90 at a local hospital in Rawalpindi on Friday after protracted illness. Sardar Qayyum remained Chairman of Kashmir Committee and
Published 11 Jul, 2015 12:00am
Sardar Abdul Qayyum passes away

Sardar Abdul Qayyum passes away

Former President of Azad Jammu and Kashmir and veteran Kashmiri politician Sardar Abdul Qayyum Khan passed away at the age of 90 at a local hospital in Rawalpindi on Friday after protracted illness. Sardar Qayyum remained Chairman of Kashmir Committee and
Published 11 Jul, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (July 10, 2015).

Published 11 Jul, 2015 12:00am
Relations with Pakistan high on China''s agenda: Xi

Relations with Pakistan high on China''s agenda: Xi

Chinese President Xi Jinping on Friday said relations with Pakistan were "very high on China''s agenda" as it wanted close ties between the two countries. The Chinese President stated this in a meeting with Prime Minister Nawaz Sharif here on the sideline
Published 11 Jul, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (July 10, 2015).

Published 11 Jul, 2015 12:00am
Relations with Pakistan high on China's agenda: Xi

Relations with Pakistan high on China's agenda: Xi

Chinese President Xi Jinping on Friday said relations with Pakistan were "very high on China's agenda" as it wanted close ties between the two countries. The Chinese President stated this in a meeting with Prime Minister Nawaz Sharif here on the sidelines
Published 11 Jul, 2015 12:00am
Relations with Pakistan high on China's agenda: Xi

Relations with Pakistan high on China's agenda: Xi

Chinese President Xi Jinping on Friday said relations with Pakistan were "very high on China's agenda" as it wanted close ties between the two countries. The Chinese President stated this in a meeting with Prime Minister Nawaz Sharif here on the sidelines
Published 11 Jul, 2015 12:00am
New insurance rules: SECP revises min qualification for agency contracts

New insurance rules: SECP revises min qualification for agency contracts

The Securities and Exchange Commission of Pakistan (SECP) has revised minimum qualification for persons entering into agency contracts with insurers and such agents would be required to undergo a foundation course under SECP (Insurance) Rules. According t
Published 11 Jul, 2015 12:00am
THE RUPEE: mixed patterns
Currency

THE RUPEE: mixed patterns

The rupee almost managed to hold the overnight levels against the dollar on the money market in the process of trading, dealers said.
Published 11 Jul, 2015 12:00am
New insurance rules: SECP revises min qualification for agency contracts

New insurance rules: SECP revises min qualification for agency contracts

The Securities and Exchange Commission of Pakistan (SECP) has revised minimum qualification for persons entering into agency contracts with insurers and such agents would be required to undergo a foundation course under SECP (Insurance) Rules. According t
Published 11 Jul, 2015 12:00am
THE RUPEE: mixed patterns
Currency

THE RUPEE: mixed patterns

The rupee almost managed to hold the overnight levels against the dollar on the money market in the process of trading, dealers said.
Published 11 Jul, 2015 12:00am
New insurance rules: SECP revises min qualification for agency contracts

New insurance rules: SECP revises min qualification for agency contracts

The Securities and Exchange Commission of Pakistan (SECP) has revised minimum qualification for persons entering into agency contracts with insurers and such agents would be required to undergo a foundation course under SECP (Insurance) Rules. According t
Published 11 Jul, 2015 12:00am
Colonial-era crimes: pope seeks Bolivians' forgiveness

Colonial-era crimes: pope seeks Bolivians' forgiveness

Pope Francis, in a historic gesture of reconciliation, sought forgiveness Thursday from Bolivia's predominantly indigenous inhabitants for crimes committed centuries earlier in the name of the Catholic Church. The Argentine-born pope, who has never been a
Published 11 Jul, 2015 12:00am
Colonial-era crimes: pope seeks Bolivians' forgiveness

Colonial-era crimes: pope seeks Bolivians' forgiveness

Pope Francis, in a historic gesture of reconciliation, sought forgiveness Thursday from Bolivia's predominantly indigenous inhabitants for crimes committed centuries earlier in the name of the Catholic Church. The Argentine-born pope, who has never been a
Published 11 Jul, 2015 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (July 10, 2015).

Published 11 Jul, 2015 12:00am
Super Tax for TY15: no credit of brought forward losses to be allowed

Super Tax for TY15: no credit of brought forward losses to be allowed

The Super Tax would be applicable to income of individuals, association of persons (AoPs) and companies for Tax Year 2015 without giving effect/credit of brought forward losses, official sources told Business Recorder here on Friday. According to s
Published 11 Jul, 2015 12:00am
Super Tax for TY15: no credit of brought forward losses to be allowed

Super Tax for TY15: no credit of brought forward losses to be allowed

The Super Tax would be applicable to income of individuals, association of persons (AoPs) and companies for Tax Year 2015 without giving effect/credit of brought forward losses, official sources told Business Recorder here on Friday. According to s
Published 11 Jul, 2015 12:00am
Super Tax for TY15: no credit of brought forward losses to be allowed

Super Tax for TY15: no credit of brought forward losses to be allowed

The Super Tax would be applicable to income of individuals, association of persons (AoPs) and companies for Tax Year 2015 without giving effect/credit of brought forward losses, official sources told Business Recorder here on Friday. According to s
Published 11 Jul, 2015 12:00am
India's industrial output slows

India's industrial output slows

India's industrial output slowed in May and came in well below analysts' expectations, official figures showed Friday, suggesting further measures might be needed to boost investment in Asia's third-largest economy. Production at India's factories, mines
Published 11 Jul, 2015 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 11 Jul, 2015 12:00am
ISE index down 14.73 points

ISE index down 14.73 points

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) on Friday, where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 14.73 points as the ISE Ten Index moved from 3,551.26 t
Published 11 Jul, 2015 12:00am
ISE index down 14.73 points

ISE index down 14.73 points

Bears dominated the proceedings at the Islamabad Stock Exchange (ISE) on Friday, where equities showed negative signs under the lead of hot favourite amid decrease in index. ISE Ten Index was down by 14.73 points as the ISE Ten Index moved from 3,551.26 t
Published 11 Jul, 2015 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 11 Jul, 2015 12:00am
LSE index down 69.9 points

LSE index down 69.9 points

Bearish sentiments prevailed at the Lahore Stock Exchange (LSE) on Friday where losers outclassed gainers amid descending transaction volume. The LSE-25 index moved down to 6052.79 points against 6122.69 points of Thursday, showing a decline of 69.90 poin
Published 11 Jul, 2015 12:00am
LSE index down 69.9 points

LSE index down 69.9 points

Bearish sentiments prevailed at the Lahore Stock Exchange (LSE) on Friday where losers outclassed gainers amid descending transaction volume. The LSE-25 index moved down to 6052.79 points against 6122.69 points of Thursday, showing a decline of 69.90 poin
Published 11 Jul, 2015 12:00am
Greek renewable power projects stalled by turmoil

Greek renewable power projects stalled by turmoil

Ambitious Greek renewable power projects aimed at reducing the country's dependence on energy imports from Russia will be on hold for some time as the threat of exit from the euro prompts investors and financiers to put the breaks on initiatives. Greece h
Published 11 Jul, 2015 12:00am
Ryanair shuts Copenhagen base to avoid strike

Ryanair shuts Copenhagen base to avoid strike

Irish low-cost carrier Ryanair on Friday announced the closure of a recently opened base in Copenhagen to avoid a strike by Danish unions, but said it would continue to fly from the airport. Europe's largest budget airline has courted controversy by refus
Published 11 Jul, 2015 12:00am
Airlines face risk of worse disruptions from computer glitches

Airlines face risk of worse disruptions from computer glitches

A computer router error that grounded hundreds of United Airlines flights on Wednesday is just a preview of what can go wrong for carriers with increasingly automated operations, experts say. As airlines switch to electronic luggage tags and more traveler
Published 11 Jul, 2015 12:00am
Boko Haram attacks northern Nigeria town

Boko Haram attacks northern Nigeria town

Boko Haram islamist militants attacked the northern Nigerian town of Buni Yadi in Yobe state late on Thursday, military sources said, targeting a centre it lost to a Nigerian army offensive in March. A Reuters correspondent saw a detachment of troops with
Published 11 Jul, 2015 12:00am
BRIndex30 drops 204.43 points

BRIndex30 drops 204.43 points

On Fri-day, BRIndex30 opened at 22,040.82 points. It touched an intraday high of 22,207.25 points and an intraday low of 21,803.72 points and closed at 21,836.39 points which was -204.43 points or -0.93 percent lower than previous close. Total volume was
Published 11 Jul, 2015 12:00am
BRIndex30 drops 204.43 points

BRIndex30 drops 204.43 points

On Fri-day, BRIndex30 opened at 22,040.82 points. It touched an intraday high of 22,207.25 points and an intraday low of 21,803.72 points and closed at 21,836.39 points which was -204.43 points or -0.93 percent lower than previous close. Total volume was
Published 11 Jul, 2015 12:00am
Stocks stay volatile

Stocks stay volatile

The Karachi Stock Exchange (KSE) witnessed another volatile session on the last trading day of the week Friday and the benchmark KSE-100 Index declined by 35 points to close at 35,112 points compared to 35, 147 points Thursday. During the intraday day tra
Published 11 Jul, 2015 12:00am
Stocks stay volatile

Stocks stay volatile

The Karachi Stock Exchange (KSE) witnessed another volatile session on the last trading day of the week Friday and the benchmark KSE-100 Index declined by 35 points to close at 35,112 points compared to 35, 147 points Thursday. During the intraday day tra
Published 11 Jul, 2015 12:00am
Stocks stay volatile

Stocks stay volatile

The Karachi Stock Exchange (KSE) witnessed another volatile session on the last trading day of the week Friday and the benchmark KSE-100 Index declined by 35 points to close at 35,112 points compared to 35, 147 points Thursday. During the intraday day tra
Published 11 Jul, 2015 12:00am
Global oil demand growth to slow in 2016: IEA

Global oil demand growth to slow in 2016: IEA

The International Energy Agency forecast Friday that global oil demand growth would slow in 2016 and that oil production in nations outside the Organisation of the Petroleum Exporting Countries (Opec) would stall. In its first estimates for 2016, the IEA
Published 11 Jul, 2015 12:00am
Global oil demand growth to slow in 2016: IEA

Global oil demand growth to slow in 2016: IEA

The International Energy Agency forecast Friday that global oil demand growth would slow in 2016 and that oil production in nations outside the Organisation of the Petroleum Exporting Countries (Opec) would stall. In its first estimates for 2016, the IEA
Published 11 Jul, 2015 12:00am
Global oil demand growth to slow in 2016: IEA

Global oil demand growth to slow in 2016: IEA

The International Energy Agency forecast Friday that global oil demand growth would slow in 2016 and that oil production in nations outside the Organisation of the Petroleum Exporting Countries (Opec) would stall. In its first estimates for 2016, the IEA
Published 11 Jul, 2015 12:00am
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