News Archives for Print - 2015-07-14 - Business Recorder

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اردو

Mar 29, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Print - 2015-07-14

Oberthur Technologies IN Pakistan: Smart payment options for quick, convenient and secure card-present and online payments

Oberthur Technologies IN Pakistan: Smart payment options for quick, convenient and secure card-present and online payments

In today's world of immediateness, customers expect payment means that are quick and convenient while remaining highly secure. They want to be provided with complementarily tools, including some that become an extension of themselves, through the emergenc

Published 14 Jul, 2015 12:00am

Khamenei lauds PU professor

Khamenei lauds PU professor

Iran's spiritual and supreme leader Ali Khamenei has lauded Punjab University Iqbal Chair head Professor Dr Syed Muhammad Akram Ikram on his in-depth research work on Poet of the East Allama Muhammad Iqbal during his visit to Iran. Professor Dr Ikram had

Published 14 Jul, 2015 12:00am

Sambrial Registry Branch Ombudsman Punjab takes notice of fraudulent transfer of land

Sambrial Registry Branch Ombudsman Punjab takes notice of fraudulent transfer of land

Ombudsman Punjab Javed Mahmood has taken notice of a news item about fraudulent transfer of land and irregularities in Registry Branch of Tehsil Sambrial district Sialkot. He has directed DCO and District Advisor Sialkot to initiate inquiry and submit a d

Published 14 Jul, 2015 12:00am

Shahbaz for implementation of Safe City project in Lahore

Shahbaz for implementation of Safe City project in Lahore

Punjab Chief Minister Shahbaz Sharif has said that protection of life and property of people is the foremost responsibility of police and all-out steps are being taken for controlling crimes. He said that "Safe City Project" is of vital importance and the

Published 14 Jul, 2015 12:00am

700 cases reported in Karachi: Dengue surveillance in Punjab to continue in Eid holidays

700 cases reported in Karachi: Dengue surveillance in Punjab to continue in Eid holidays

The Advisor to the Chief Minister on Health has told all Punjab government departments to carry on with the dengue fight and surveillance during the five-day holiday. Khawaja Salman Rafique, chairing a meeting of the Cabinet Committee on Dengue at the Ser

Published 14 Jul, 2015 12:00am

Unfriendly socio-economic environment: PTEA seeks government's intervention

Unfriendly socio-economic environment: PTEA seeks government's intervention

Pakistan Textile Exporters Association (PTEA) has sought government's intervention as textile industry has lost its viability against the regional competitors; our textile exports are at a comparative disadvantage in respect of production costs in the reg

Published 14 Jul, 2015 12:00am

PDWP Punjab approves 10 development schemes

PDWP Punjab approves 10 development schemes

The Provincial Development Working Party(PDWP) Punjab has approved ten development schemes of various development sectors with an estimated cost of Rs 10.854 billion, including Punjab Non-Formal Education Project to be completed at the cost of over Rs 5.6

Published 14 Jul, 2015 12:00am

LCCI, FPCCI decide to share research work

LCCI, FPCCI decide to share research work

The Lahore Chamber of Commerce and Industry and the Federation of Chambers of Commerce and Industry have decided to share research work for the economic development. The decision came up in a meeting between the two's office-holders at the Lahore Chamber

Published 14 Jul, 2015 12:00am

Law and order: Indiscriminate action in Karachi a must: Baloch

Law and order: Indiscriminate action in Karachi a must: Baloch

Acting chief of the Jamaat-e-Islami Pakistan, Liaqat Baloch while addressing an Iftar party in Karachi has said that an indiscriminate action against criminals in Karachi is the need of the hour. Liaqat Baloch said that peace is the foremost requirement o

Published 14 Jul, 2015 12:00am

Cloud-based EMR, practice management system launched

Cloud-based EMR, practice management system launched

CloudClinik, an e-health offering of Lahore-based INFOGISTIC Pvt Limited, has taken a leap in to the Middle East by launching Qatar's first cloud-based Electronic Medical Record (EMR) and Practice Management System. The launch was made possible with a str

Published 14 Jul, 2015 12:00am

Punjab Food Authority Act being amended

Punjab Food Authority Act being amended

The Punjab government has decided to amend the Punjab Food Authority (PFA) Act by virtue of which manufacturing and selling of substandard and adulterated food items will be a non-bailable offence and punishment against such elements will be further incre

Published 14 Jul, 2015 12:00am

Government should review taxation strategy: FCCI chief

Government should review taxation strategy: FCCI chief

The Federal Board of Revenue (FBR) has failed to achieve its targets to widen the tax net and hence government has to review its overall taxation strategy in line with the prevailing ground realities, President Faisalabad Chamber of Commerce and Industry

Published 14 Jul, 2015 12:00am

TDAP to hold SAARC trade fair, WEXNET in December

TDAP to hold SAARC trade fair, WEXNET in December

Trade Development Authority of Pakistan (TDAP) will organise 12th SAARC Trade Fair 2015 and WEXNET 2015 at Expo Centre Lahore from December 4 to 6, 2015. It will be a mega event of TDAP which provides a unique opportunity to the Pakistani exporters and ex

Published 14 Jul, 2015 12:00am

KE concerned about profit, not Karachiites: JI

KE concerned about profit, not Karachiites: JI

The private power supply company of Karachi, K-Electric, is only concerned about maximising the profit of its owner and it cruelly disregards the interests of electricity consumers of Karachi, said Jamaat-e-Islami (JI) Karachi Amir Hafiz Naeemur Rehman he

Published 14 Jul, 2015 12:00am

Hot & humid weather forecast

Hot & humid weather forecast

The Met Office on Monday forecast a hot and humid weather for the country in the next 24 hours. It, however, said that rain-thundershower was expected at isolated places in Islamabad, Rawalpindi, Gujranwala, Lahore, Bahawalpur, Zhob, Malakand and Hazara d

Published 14 Jul, 2015 12:00am

Business community backs Rangers' stay in Karachi

Currency

Business community backs Rangers' stay in Karachi

The business community of Karachi fully backs Government's war on corruption which is one of the biggest hurdles in social and economic development, a business leader said on Monday. "Corruption is one of the stumbling blocks which will never allow econom

Published 14 Jul, 2015 12:00am

Eight killed in various incidents in Karachi

Eight killed in various incidents in Karachi

Eight people were killed in different incidents in the metropolis on Monday. In the wee hours of Monday, three persons, namely Hamza, 22, son of Sajjad; Arosa Sharafat, 26 and Mishal Shaukat, 19, were killed in a road incident while riding a motorbike whe

Published 14 Jul, 2015 12:00am

UBL Funds launches Al-Ameen Islamic Active Allocation Plan-II

UBL Funds launches Al-Ameen Islamic Active Allocation Plan-II

UBL Fund Managers Limited (UBL Funds) announced the launch of the Al-Ameen Islamic Active Allocation Plan-II, under the Al-Ameen Islamic Financial Planning Fund. This Plan is now open for subscription. Al-Ameen Islamic Active Allocation Plan-II (AIActAP-I

Published 14 Jul, 2015 12:00am

Samba Bank launches MasterCard debit card

Samba Bank launches MasterCard debit card

Samba Bank Limited has announced the launch of the Samba MasterCard Debit Card. The new offering provides Samba customers' global recognition and acceptance across millions of shops, establishments and ATMs worldwide that carry the MasterCard name. The Ma

Published 14 Jul, 2015 12:00am

KTBA seeks extension in deadline for ST returns

KTBA seeks extension in deadline for ST returns

Following the announcement of five Eid holidays, the Karachi Tax Bar Association (KTBA) has requested the Sindh Revenue Board (SRB) to extend the date for filing sales tax returns to July 31, 2015 According to KTBA, the federal government has announced Ei

Published 14 Jul, 2015 12:00am

Suspect killer of Allama Abbas Kumaili's son held

Suspect killer of Allama Abbas Kumaili's son held

Police on Monday claimed to have arrested a man, allegedly involved in the murder of Akbar Kumaili, son of Allama Abbas Kumaili here. The suspect identified as Nasir Dhobi (washman) Police said that the raid was conducted by Mangopir police in its jurisdi

Published 14 Jul, 2015 12:00am

PCDMA election activities gaining momentum

PCDMA election activities gaining momentum

Although annual election of Pakistan Chemical and Dyes Merchant Association (PCDMA) for the year 2015-16 is much far way, election activities have started gaining momentum. The association members are divided into two groups. One is lobbying that its cand

Published 14 Jul, 2015 12:00am

Meezan Bank signs MoU with Indus Hospital

Meezan Bank signs MoU with Indus Hospital

Meezan Bank recently joined hands with Indus Hospital by signing a memorandum of understanding under which Meezan Bank would support Indus Hospital in its Zakat collection drive. Meezan Bank will extend support to Indus Hospital in its efforts to serve th

Published 14 Jul, 2015 12:00am

Businesspeople urged to avail WHT exemption

Businesspeople urged to avail WHT exemption

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Mian Muhammad Adrees has urged upon the business people to file their tax returns before September 30, 2015 to avail exemption from 0.3 percent WHT on bank transactions.

Published 14 Jul, 2015 12:00am

Afghan Trade Commissioner rejects accusations

Afghan Trade Commissioner rejects accusations

Afghan Trade Commissioner in Peshawar, Mirwais Yousafzai has categorically denied the accusations levelled by a local private contractor of fresh fruits and vegetable that he was asking him to collect double taxes from vehicles carrying of food commoditie

Published 14 Jul, 2015 12:00am

Security plan for Gwadar port: Centre urged to provide Rs 250 million: IG Balochistan

Security plan for Gwadar port: Centre urged to provide Rs 250 million: IG Balochistan

Inspector General Police Balochistan, Amlish Khan, has said that the federal government has been recommended to approve a security plan worth Rs 250million for security of Gwadar Port, Gwadar city and Coastal Highway. Talking to journalists,he said "We ha

Published 14 Jul, 2015 12:00am

All weather radars of PMD operating: MET office

All weather radars of PMD operating: MET office

Met Office contradicts the baseless news appeared in media about non-operation of weather radars especially in Islamabad and Karachi. According to the Met Office spokesman, there are seven weather radars in Pakistan installed at Islamabad, Mangla, Sialkot

Published 14 Jul, 2015 12:00am

FESF constructs new campus in Tando Allahyar

FESF constructs new campus in Tando Allahyar

Deaf Reach Schools & Training Centers, a project of Family Educational Services Foundation (FESF), has a new custom-built campus in the model city of Rashidabad, Tando Allahyar. USAID Small Grants and Ambassador's Fund Program has been a key supporting pa

Published 14 Jul, 2015 12:00am

Islamabad Safe City Project to be completed by October: National Assembly body told

Islamabad Safe City Project to be completed by October: National Assembly body told

A parliamentary panel was informed on Monday that Islamabad Safe City project would be completed by the end of October at a cost of Rs 12.75 billion. The meeting of National Assembly's Standing Committee on Planning, Development and Reforms, which held he

Published 14 Jul, 2015 12:00am

Zamani dispels rumours of marriage with Zardari

Zamani dispels rumours of marriage with Zardari

Dr Tanveer Zamani, the self-proclaimed president of Pakistan People's Party (PPP), USA chapter, on Monday categorically rejected the rumours about her marriage with the former president Asif Ali Zardari. Addressing a press conference here at the National

Published 14 Jul, 2015 12:00am

Businessmen asked to focus on Indonesia, ASEAN region for exports

Businessmen asked to focus on Indonesia, ASEAN region for exports

Pakistan Ambassador designate to Indonesia, Muhammad Aqil Nadeem Monday said Indonesia and ASEAN countries were huge markets with great potential for Pakistani products and businessmen should focus on these countries to promote trade and exports. He state

Published 14 Jul, 2015 12:00am

Kashmir Martyrs Day observed with renewed pledge

Kashmir Martyrs Day observed with renewed pledge

Kashmiris living both sides of the line of control and rest of the world observed the 84th Kashmir Martyrs Day on Monday with the renewal of the pledge to continue the mission of the Kashmiri martyrs through continuing the freedom struggle. Symposia and m

Published 14 Jul, 2015 12:00am

Arrest of Ziaullah Afridi: PTI's councillors threaten to resign in protest

Arrest of Ziaullah Afridi: PTI's councillors threaten to resign in protest

Pakistan Tehreek-e-Insaf (PTI) newly-elected district and town council members from Peshawar on Monday threatened that they would resign if the arrested former minister Mines and Minerals Development Ziaullah Afridi was not released. Addressing a news con

Published 14 Jul, 2015 12:00am

12 held for using direct hooks

12 held for using direct hooks

Pesco checking teams in collaboration with Police nabbed 12 persons for using direct hooks during the campaign to curb the power pilferage.

Published 14 Jul, 2015 12:00am

DTRE scheme to exporters: Chief Collectors empowered to grant extension in approvals

DTRE scheme to exporters: Chief Collectors empowered to grant extension in approvals

The Federal Board of Revenue (FBR) has empowered Chief Collectors of Customs to grant extension in the approvals of the Duty and Tax Remission for Export (DTRE) scheme to the exporters. In this regard, the FBR has amended Customs Rules 2001 through an S.R

Published 14 Jul, 2015 12:00am

KP house job doctors reject new rule of PMDC

KP house job doctors reject new rule of PMDC

The house job medical officers of various teaching hospitals in Khyber Pakhtunkhwa rejected the Pakistan Medical and Dental Council new assignment to appear to exact exam before to FCPS exam, demanding the PMDC to review its decision forthwith. This was s

Published 14 Jul, 2015 12:00am

SECP initiates action against 23 INGOs

SECP initiates action against 23 INGOs

The Securities and Exchange Commission of Pakistan (SECP) has initiated action against 23 international NGOs to strike them off the register of companies. They have failed to file their audited accounts despite several notices and therefore are presumed t

Published 14 Jul, 2015 12:00am

Eid-ul-Fitr: Transporters agree to charge commuters as per old list

Eid-ul-Fitr: Transporters agree to charge commuters as per old list

After holding a successful negotiation with the district administration, local transporters' association has agreed to charge fares as per the old fare list till July 30, 2015. The decision was taken in a meeting regarding a crackdown against transporters

Published 14 Jul, 2015 12:00am

Habib Metropolitan bank declares PLS profit rates

Habib Metropolitan bank declares PLS profit rates

Habib Metropolitan Bank Ltd has declared the following rates of profit on various types of PLS deposit for the period of six months ended June 30th 2015.

Published 14 Jul, 2015 12:00am

Habib Metropolitan bank declares PLS profit rates

Habib Metropolitan bank declares PLS profit rates

Habib Metropolitan Bank Ltd has declared the following rates of profit on various types of PLS deposit for the period of six months ended June 30th 2015.

Published 14 Jul, 2015 12:00am

Pakistan Cables Limited

Currency

Pakistan Cables Limited

Pakistan Cables, the country's oldest and most reputable cable manufacturer, was established over five decades ago in 1953 as a joint venture with BICC. In the subsequent six decades, Pakistan Cables has earned a reputation as a market leader and premier

Published 14 Jul, 2015 12:00am

Pakistan Cables Limited

Currency

Pakistan Cables Limited

Pakistan Cables, the country's oldest and most reputable cable manufacturer, was established over five decades ago in 1953 as a joint venture with BICC. In the subsequent six decades, Pakistan Cables has earned a reputation as a market leader and premier

Published 14 Jul, 2015 12:00am

KP IGP suspends two SIs, one constable

KP IGP suspends two SIs, one constable

The Inspector General of Police Khyber Pakhtunkhwa Nasir Khan Durrani on SMS complaints has suspended two sub-inspectors and one constable with immediate effect and ordered registration of criminal cases against them. As per details a citizen of Peshawar

Published 14 Jul, 2015 12:00am

Father of Yahya Polani dies

Father of Yahya Polani dies

Father of the renowned businessman Yahya Polani died on Monday after protracted illness. The funeral prayer of Haji Siddique Polani would be offered at Pahari Wali Masjid on Tuesday (today) at 1am. President Karachi Press Club (KPC) Fazil Jameeli, Secreta

Published 14 Jul, 2015 12:00am

Health insurance scheme: provinces to approach CCI for federal funding

Health insurance scheme: provinces to approach CCI for federal funding

Provincial governments have decided to approach Council of Common Interests (CCI) for provision of federal funding to the provinces to make payment of premium for healthcare services under the Prime Minister's National Health Insurance Scheme.

Published 14 Jul, 2015 12:00am

29 KMC roads: KMC Administrator for accelerate carpeting, patch work

29 KMC roads: KMC Administrator for accelerate carpeting, patch work

Administrator Karachi Metropolitan Corporation (KMC), Shoaib Ahmed Siddiqui on Monday directed the Technical Services Department to accelerate the carpeting and patch work of 29 KMC roads. He expressed these views in a review meeting of the ongoing road c

Published 14 Jul, 2015 12:00am

'Sindh government not happy with K-E performance'

'Sindh government not happy with K-E performance'

Sindh government has taken serious notice over the worst power breakdown and continues loadshedding in Karachi and asked the authorities of the K-Electric to ensure proper and uninterrupted supply of power to consumers. The Senior Sindh Minister for Finan

Published 14 Jul, 2015 12:00am

KP assistant director mines, minerals arrested

KP assistant director mines, minerals arrested

The Khyber-Pakhtunkhwa Ehtesab Commission on Monday arrested Assistant Director Mines and Minerals department, Mir Zaman as a co-accused with Ziaullah Afridi. "During the course of interrogation Pakistan Tehreek-e-Insaf (PTI) minister Ziaullah Afridi reve

Published 14 Jul, 2015 12:00am

Alleged target killer arrested

Alleged target killer arrested

The police arrested a wanted target killer after an encounter during a crackdown and recovered arms here on Monday. The police on a tip-off conducted operation in Shah Faisal Colony during which exchange of fire took place with the culprit taking shelter

Published 14 Jul, 2015 12:00am

Corruption hindering socio-economic development: PBIF

Corruption hindering socio-economic development: PBIF

Pakistan Businessmen and Intellectuals Forum's (PBIF) president Mian Zahid Hussain said here on Monday that the city's business community has extended full support to the government for taking action against corruption. Terming corruption `a major stumbli

Published 14 Jul, 2015 12:00am

Suspicious financial transactions: SHC grants bail to Mandhro in another case

Suspicious financial transactions: SHC grants bail to Mandhro in another case

The Sindh's excise and taxation secretary on Monday was awarded bail in yet another case pertaining to suspicious financial transactions of Rs 13.542 million. A division bench headed by Justice Muhammad Ali Mazhar approved pre-arrest bail for Badar Jamil

Published 14 Jul, 2015 12:00am

Imran Farooq murder: Rangers transfer suspect's custody

Imran Farooq murder: Rangers transfer suspect's custody

Pakistan Rangers on Monday gave Moazzam Ali Khan, criminal involved in Dr Imran Farooq murder case in the custody of Federal Investigation Agency (FIA) for investigation. The Rangers put forth a plea in anti-terrorism court (ATC) seeking transference of t

Published 14 Jul, 2015 12:00am

US MIDDAY: corn holds near one-year high

US MIDDAY: corn holds near one-year high

US corn futures rose on Monday, on pace for their fifth straight session of gains and holding near the highest levels in a year, on better-than-expected demand and as heavy rains limited yield potential of the new crop. Soyabeans were also higher on punis

Published 14 Jul, 2015 12:00am

Nigeria aims to supply 20 percent of gasoline demand itself

Nigeria aims to supply 20 percent of gasoline demand itself

Major crude oil producer Nigeria aims to overcome its chaotic and crumbling refining sector to produce at least a fraction of the gasoline it needs to use itself. Its state oil company hopes that domestic plants can cover 20 percent of Nigeria's gasoline

Published 14 Jul, 2015 12:00am

Gold slips in Europe

Gold slips in Europe

Gold slipped 1 percent on Monday as the dollar rose against the euro after leaders struck a deal to negotiate a Greek bailout, while signals the Federal Reserve was still on track to raise rates this year also weighed. Greece won conditional agreement to

Published 14 Jul, 2015 12:00am

Gold lower in Asia

Gold lower in Asia

Gold edged lower on Monday, dragged down by the euro after a weekend emergency summit to tackle Greece's debt crisis yielded no deal and with the US Federal Reserve still on track to raise interest rates this year. Greece will now be required to push legi

Published 14 Jul, 2015 12:00am

Arabica coffee rallies on short-covering

Arabica coffee rallies on short-covering

Arabica coffee futures on ICE jumped nearly 3 percent on Monday, in a short-covering rally spurred by data showing speculators sharply increased their selling at low levels last week and a bullish move in options. Raw sugar futures rose in thin volume on

Published 14 Jul, 2015 12:00am

Palm oil flat in thin trade, slowing exports pressure prices

Palm oil flat in thin trade, slowing exports pressure prices

Malaysian palm oil futures were mostly unchanged on Monday, after sliding to a six-week low last week, with a steep decline in exports keeping a lid on the market. Exports of Malaysian palm oil products for July 1-10 fell 34.7 percent to 308,875 tonnes fr

Published 14 Jul, 2015 12:00am

Tokyo rubber futures down

Tokyo rubber futures down

Benchmark Tokyo rubber futures ended down 2.5 percent on Monday, falling for the first time in three days, reflecting weak oil prices and continued weakness in Shanghai futures amid worries about Chinese economic growth. Tokyo Commodity Exchange (TOCOM) f

Published 14 Jul, 2015 12:00am

Rotterdam vegetable oil prices

Vegetable Oil

Rotterdam vegetable oil prices

Monday's Rotterdam vegetable oil prices at 1600 GMT.

Published 14 Jul, 2015 12:00am

Rotterdam vegetable oil prices

Vegetable Oil

Rotterdam vegetable oil prices

Monday's Rotterdam vegetable oil prices at 1600 GMT.

Published 14 Jul, 2015 12:00am

ISO sees global sugar deficit 6.2 million tonnes

ISO sees global sugar deficit 6.2 million tonnes

The International Sugar Organisation (ISO) forecasts a global sugar deficit of 6.2 million tonnes in 2016/17, compared with a deficit of 2.5 million tonnes in 2015/16, according to an ISO chart presented at a conference organised by analyst Datagro. ISO E

Published 14 Jul, 2015 12:00am

Oil steadies as Iran indicates no nuclear deal yet

Oil steadies as Iran indicates no nuclear deal yet

Oil prices came off their lows on Monday after a Tehran official indicated the Islamic Republic might miss another deadline in securing a nuclear deal integral to lifting Western sanctions on its crude exports. Crude futures had fallen nearly $2 a barrel

Published 14 Jul, 2015 12:00am

Most base metals rebound after Greek deal

Most base metals rebound after Greek deal

Most base metals rebounded on Monday after Greece and its creditors agreed a debt deal, though copper lagged after data showed a drop in Chinese imports last month. Lead was the pick of the bunch, with prices surging to their highest in nearly a month on

Published 14 Jul, 2015 12:00am

Shanghai copper down

Shanghai copper down

Shanghai Futures Exchange copper ended the session down 1.5 percent at 40,130 yuan ($6,465) a tonne on Monday after euro zone officials reached a debt deal with Greece, with tentative signs of economic revival in China's trade data also supporting prices.

Published 14 Jul, 2015 12:00am

US cuts China cotton demand forecast; prices fall

Cotton

US cuts China cotton demand forecast; prices fall

The US government on Friday raised its forecast for global cotton inventory in the upcoming season on weaker-than-expected demand from China, pushing prices lower and reinforcing concerns about fibre's battle for market share with polyester. In its monthl

Published 14 Jul, 2015 12:00am

Bangles and Bracelets

Bangles and Bracelets

Bangles are one of the essential ornaments for women on every festival and occasion. The vivid and colorful bangles add beauty boost to the overall look of women of every age group. Wearing bangles on festivals and occasions is a centuary's old tradition.

Published 14 Jul, 2015 12:00am

Message from Ambassador of France to Pakistan

Message from Ambassador of France to Pakistan

Dear Friends in Pakistan and Friends of Pakistan, It is my pleasure to share a few words in the "Daily Business Recorder" on the occasion of the National Day of France. Bastille Day on the 14th of July embodies the spirit of the French Revolution and the

Published 14 Jul, 2015 12:00am

Message from Chairman, DL Nash (Pvt) Ltd

Message from Chairman, DL Nash (Pvt) Ltd

I would like to congratulate France and all our French friends, residing in Pakistan on their National Day. France is the cradle of democracy and human rights in the world. The fall of Bastille on 14th July 1789 marked the commencement of a new era in the

Published 14 Jul, 2015 12:00am

Message from Chief Executive, Clipsal Pakistan and Chairman Pakistan Australia Business Forum

Message from Chief Executive, Clipsal Pakistan and Chairman Pakistan Australia Business Forum

I avail this opportunity to felicitate "The Government of France and its people" on the occasion of the "Bastille Day". This day reflects the courage and determination of the people of France who stormed the Bastille Fort in Paris on July 14, 1789 in an e

Published 14 Jul, 2015 12:00am

Relations between France and Pakistan

Relations between France and Pakistan

Introduction: France and Pakistan established their diplomatic relations at the time of Pakistan's independence in 1947. Today, our relations are mainly structured around three axes (political, economy and security). The President of the Republic m

Published 14 Jul, 2015 12:00am

The art and the approach to starting businesses in France

The art and the approach to starting businesses in France

Several organisations make their expertise available to foreign investors to facilitate their launching of operations in France. One of these is the Agence française des investissements internationaux (AFII - French Agency for International Investment).

Published 14 Jul, 2015 12:00am

Clipsal - Living electrical

Clipsal - Living electrical

Clipsal is world famous as Australia's number one brand of electrical accessories. A market leader in electrical accessories, data communications, industrial and home automation markets, the Clipsal name continues to grow from strength to strength.

Published 14 Jul, 2015 12:00am

France - A brief economic overview

Currency

France - A brief economic overview

France with a population of 66.2 million people having area of 643,801 Sq Km, today is one of the most modern countries in the world and is a leader among European nations. It plays an influential global role as a permanent member of the United Nations Se

Published 14 Jul, 2015 12:00am

CMA CGM Pakistan: Providing expert maritime transportation services in Pakistan

CMA CGM Pakistan: Providing expert maritime transportation services in Pakistan

The CMA CGM Group, is one of the leading worldwide shipping groups. It is present in more than 160 countries through its network of over 655 agencies, with more than 20,000 employees worldwide. With a young and diversified fleet of 445 vessels, the CMA CG

Published 14 Jul, 2015 12:00am

Economy: the Ile-de-France region in pole position

Economy: the Ile-de-France region in pole position

With a GDP of 552 billion euros representing 5% of the European Union's GDP, the economy of the Ile-de-France region plays a key part on a European level and is the most important one in France. It is the second leading global location (and 1st European o

Published 14 Jul, 2015 12:00am

FATA MNAs call on KP Governor

FATA MNAs call on KP Governor

Thirteen Member National Assembly (MNA) from North Waziristan Agency Muhammad Nazir and MNA from Orakzai Agency Ghazi Gulab Jamal called on Khyber Pakhtunkhwa Governor, Sardar Mahtab Ahmad Khan at Governor's House here on Monday. They remained with the Go

Published 14 Jul, 2015 12:00am

Euro falls in Europe after Greek deal

Currency

Euro falls in Europe after Greek deal

The euro fell on Monday after eurozone leaders reached a deal with debt-stricken Greece, as investors turned their focus to the prospect of higher US interest rates and remained anxious that the future of the single currency was still uncertain. At the en

Published 14 Jul, 2015 12:00am

Early trade in New York: Dollar rallies broadly

Currency

Early trade in New York: Dollar rallies broadly

The dollar rallied against the euro, yen, and Swiss franc on Monday after a debt deal between Greece and its international lenders renewed focus on the possibility that the US Federal Reserve might hike interest rates in September. Eurozone leaders made G

Published 14 Jul, 2015 12:00am

Euro slips in Asia

Euro slips in Asia

The euro fell on Monday, hurt by uncertainty over whether a near-bankrupt Greece can secure more funding as its European partners demanded tough reforms in return for throwing a life-line to the debt-strapped nation. The euro last traded at $1.1145, down

Published 14 Jul, 2015 12:00am

China moves could slow IMF inclusion of renminbi

Currency

China moves could slow IMF inclusion of renminbi

A drive to include China's renminbi in the International Monetary Fund's Special Drawing Rights basket for global reserve currencies has been thrown into disarray following the rout in Chinese equities that erased 25% from the Shanghai Composite Index in

Published 14 Jul, 2015 12:00am

FTSE hits two-week high

FTSE hits two-week high

Britain's top equity index hit a two-week high on Monday, with banks among the best performers, after euro zone leaders agreed on a road map to a third bailout for near-bankrupt Greece. The FTSE 100 index closed 1 percent up at 6,737.95 points, with advan

Published 14 Jul, 2015 12:00am

Australian shares down slightly

Australian shares down slightly

Australian shares edged down 0.34 percent on Monday as investors remained cautious awaiting an outcome from Greece's negotiations with creditors. The S&P/ASX 200 index dropped 18.838 points to 5,473.200 at the close of trade. New Zealand's benchmark NZX 5

Published 14 Jul, 2015 12:00am

South African stocks rise

South African stocks rise

South African shares rose for a fourth straight session on Monday after the world's biggest platinum producer, Anglo American Platinum, said it expected interim earnings to increase by almost 15 times. Shares in Amplats closed up 1.2 percent despite plati

Published 14 Jul, 2015 12:00am

European shares rise on Greek debt deal

Currency

European shares rise on Greek debt deal

European shares rose on Monday after euro zone leaders reached agreement on a bailout for Greece after all-night talks in Brussels. Euro zone leaders made Greece agree to strict supervision on Monday in return for agreeing to talks on an 86 billion-euro (

Published 14 Jul, 2015 12:00am

Indian shares post biggest single-day gain in 3 weeks

Currency

Indian shares post biggest single-day gain in 3 weeks

Indian stock indexes ended more than a percent higher on Monday with bluechips leading the gainers on rising risk appetite after euro zone leaders clinched a deal with Greece to negotiate a third bailout. The NSE index gained 1.19 percent while the BSE in

Published 14 Jul, 2015 12:00am

Tokyo shares move up

Tokyo shares move up

Tokyo stocks bounced back on Monday with the benchmark index up 1.57 percent as investors await developments in last-ditch talks aimed at hammering out a new bailout deal for Greece. The Nikkei 225 index at the Tokyo Stock Exchange - which dropped 3.70 pe

Published 14 Jul, 2015 12:00am

Southeast Asian stocks soar

Currency

Southeast Asian stocks soar

Southeast Asian stock markets rose in thin volume on Monday amid short-covering after euro zone leaders clinched a deal with Greece and Indonesia extended gains for a second day on hopes the central bank will keep policy rate steady. The Jakarta composite

Published 14 Jul, 2015 12:00am

Sri Lankan shares up

Sri Lankan shares up

Sri Lankan shares hit a more than one-week high on Monday, surpassing the 7,000-point psychological barrier as hopes of political stability after the August 17 election helped boost sentiment, stockbrokers said. The ruling United National Party (UNP) has

Published 14 Jul, 2015 12:00am

Hong Kong stocks rise again

Hong Kong stocks rise again

Hong Kong stocks rose for a third straight day as investors cautiously built up positions, tracking a continuous recovery in mainland shares after China launched a fresh crackdown on margin lending. The Hang Seng index rose 1.3 percent to end the day at 2

Published 14 Jul, 2015 12:00am

Monday's early afternoon trade: US stocks advance on Greek deal; tech stocks lead

Monday's early afternoon trade: US stocks advance on Greek deal; tech stocks lead

US stocks rose on Monday, with the Dow Jones industrial average moving into positive territory again for the year, after euro zone leaders reached an agreement with Greece to move forward with a bailout loan for the country to avert bankruptcy. The news a

Published 14 Jul, 2015 12:00am

China stocks recover for third day

China stocks recover for third day

China stocks, led by small caps, extended their recovery for a third day on Monday, raising hopes that measures taken by Beijing to prevent a full-blown market crash have worked. Regulators have launched a fresh crackdown on margin lending as signs have r

Published 14 Jul, 2015 12:00am

Gulf markets rally modestly on Greece; Egypt falls

Gulf markets rally modestly on Greece; Egypt falls

Gulf bourses rose on Monday in line with a global equities rally due to the Greek bailout agreement, but a drop in oil prices because of a likely Iran nuclear deal limited gains in the region. Brent crude fell 1.8 percent as Tehran and six world powers we

Published 14 Jul, 2015 12:00am

Scotland Yard completes investigation from Khalid Shamim

Scotland Yard completes investigation from Khalid Shamim

Scotland Yard on Monday completed interrogation from the second suspect of Khalid Shamim in Imran Farooq murder case. The third suspect Mohsin Ali will be interrogated by the Scotland Yard after Eid. Earlier, they had interrogated Moazzam Ali after which

Published 14 Jul, 2015 12:00am

KP Ehtasaab Commission independent, autonomous body: Minister

KP Ehtasaab Commission independent, autonomous body: Minister

Khyber Pakhtunkhwa Minister for Information & Higher Education Mushtaq Ahmad Ghani Monday said Ehtasaab Commission is fully independent and autonomous body and have the mandate to eliminate corruption from the society. He said Ziaullah Afridi was arrested

Published 14 Jul, 2015 12:00am

China's trade slumps in first half of year

Currency

China's trade slumps in first half of year

China's total trade slumped in the first half of this year, official data showed Monday, falling well short of the government's targets and dealing a blow to the global economy from its biggest trader in goods. Two-way trade for the first six months of th

Published 14 Jul, 2015 12:00am

India inflation rises higher than expected in June

India inflation rises higher than expected in June

India's inflation rate rose faster than analysts' expectations in June, official data showed Monday, dampening hopes of further interest rate cuts by the country's central bank later this year. Consumer prices increased 5.40 percent last month from a year

Published 14 Jul, 2015 12:00am

Foreign firms compete in historic Mexico oil auction

Foreign firms compete in historic Mexico oil auction

US, European and Asian energy firms will compete Wednesday in Mexico's first oil auction since a historic reform brought back private investors, nearly 80 years after they were kicked out. The government is offering 14 blocks in shallow waters of the Gulf

Published 14 Jul, 2015 12:00am

General Motors to recall 155,000 vehicles in India

General Motors to recall 155,000 vehicles in India

General Motors Co will recall 155,000 vehicles in India, its largest such exercise to date in the country, in order to fix wiring problems linked to a remote keyless entry accessory. The recall, also one of India's biggest, follows a move in 2013 to recal

Published 14 Jul, 2015 12:00am

Warid signs agreement with AF Ferguson

Warid signs agreement with AF Ferguson

Warid has signed an agreement with A.F. Ferguson & Co (a member firm of PriceWaterhouseCoopers) to implement an automated budget control solution. This solution will bring efficiency and accuracy in budget control processes, synchronise the expenditure ap

Published 14 Jul, 2015 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 28	281.85
USD PKR Interbank Buying / Mar 28	279.71
USD to Japanese Yen / Mar 28	149.88
USD to Swiss Franc / Mar 28	0.88
Pound Sterling to USD / Mar 28	1.29
Euro to USD / Mar 28	1.08
UK LIBOR % / Mar 27	4.96

Stock	Volume
S&P 500 / Mar 28	5,580.94
India Sensex / Mar 28	77,414.92
Tokyo Nikkei / Mar 28	37,120.33
Nasdaq / Mar 28	17,322.99
Hang Seng / Mar 28	23,426.60
FTSE 100 / Mar 28	8,658.85
Dow Jones / Mar 28	41,583.90
Germany DAX 30 / Mar 28	22,461.52
France CAC40 / Mar 28	7,916.08

Item	Value
Gold 10 Grams PKR / Mar 27	275,205
Crude Oil USD/Barrel / Mar 28	69.10
Karachi Cotton PKR/37.32 KG / Mar 28	17,085
Gold Spot USD/Ounce / Mar 28	3,117.20
Cotton US¢/pound / Mar 28	66.90
Petrol/Litre / Mar 29	255.63
Diesel/Litre / Mar 29	258.64

Gainers
Losers
Leaders

Stock	Price
Mughal Iron & Steel (R) / Mar 27 Mughal Iron & Steel Industries Limited (R)(MUGHALR2)	4.01 ▲ 1 (33.22%)
Parmount Sp. / Mar 27 Paramount Spinning Mills Limited(PASM)	4.10 ▲ 0.59 (16.81%)
Shaheen Ins. / Mar 27 Shaheen Insurance Company Limited(SHNI)	7.50 ▲ 0.97 (14.85%)
Popular Islamic / Mar 27 Popular Islamic Modaraba(PIM)	15.02 ▲ 1.37 (10.04%)
Diamond Ind. / Mar 27 Diamond Industries Limited(DIIL)	33.83 ▲ 3.08 (10.02%)
Sardar Chemical / Mar 27 Sardar Chemical Industries Limited(SARC)	35.95 ▲ 3.27 (10.01%)
J.K.Spinning / Mar 27 J.K. Spinning Mills Limited(JKSM)	69.58 ▲ 6.33 (10.01%)
Data Agro / Mar 27 Data Agro Limited(DAAG)	106.28 ▲ 9.66 (10%)
Leiner Pak Gelat / Mar 27 Leiner Pak Gelatine Limited(LPGL)	121.88 ▲ 11.08 (10%)
Allawasaya Tex / Mar 27 Allawasaya Tex. & Finishing Mills Ltd(AWTX)	1,429.95 ▲ 130 (10%)

Stock	Price
Arif Habib Corp / Mar 27 Arif Habib Corporation Limited(AHCL)	11.60 ▼ -98.09 (-89.42%)
Elahi Cot. / Mar 27 Elahi Cotton Mills Limited(ELCM)	135.93 ▼ -15.1 (-10%)
Khalid Siraj / Mar 27 Khalid Siraj Textile Mills Limited(KSTM)	8.03 ▼ -0.87 (-9.78%)
PIA Holding Co.B / Mar 27 PIA Holding Company Limited B(PIAHCLB)	874.01 ▼ -93.68 (-9.68%)
Saritow Spinning / Mar 27 Saritow Spinning Mills Limited(SSML)	18.90 ▼ -1.75 (-8.47%)
Cordoba Logistics / Mar 27 Cordoba Logistics & Ventures Limited(CLVL)	12.61 ▼ -1.15 (-8.36%)
Sally Textile / Mar 27 Sally Textile Mills Limited(SLYT)	11.01 ▼ -0.99 (-8.25%)
Masood Textile / Mar 27 Masood Textile Mills Limited(MSOT)	49.06 ▼ -4.27 (-8.01%)
Universal Ins. / Mar 27 The Universal Insurance Company Limited(UVIC)	9.57 ▼ -0.73 (-7.09%)
Al-Khair Gadoon / Mar 27 Al-Khair Gadoon Limited(AKGL)	42 ▼ -3.1 (-6.87%)

Stock	Volume
Cnergyico PK / Mar 27 Cnergyico PK Limited(CNERGY)	45,325,056 ▲ 0.31
Pak Elektron / Mar 27 Pak Elektron Limited(PAEL)	29,179,304 ▲ 0.67
P.S.O. / Mar 27 Pakistan State Oil Company Limited(PSO)	26,879,128 ▲ 1.58
Arif Habib Corp / Mar 27 Arif Habib Corporation Limited(AHCL)	20,499,919 ▼ -98.09
WorldCall Telecom / Mar 27 Worldcall Telecom Limited(WTL)	16,191,931 ▼ -0.03
B.O.Punjab / Mar 27 The Bank of Punjab(BOP)	16,148,304 ▼ -0.2
Pak Petroleum / Mar 27 Pakistan Petroleum Limited(PPL)	15,934,134 ▼ -1.85
Engro Fert. / Mar 27 Engro Fertilizers Limited(EFERT)	14,419,464 ▲ 0.5
Fauji Cement / Mar 27 Fauji Cement Company Limited(FCCL)	14,194,696 ▲ 0.53
Maple Leaf Cement / Mar 27 Maple Leaf Cement Factory Limited(MLCF)	11,282,647 ▲ 0.09

Markets →

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Duty-free import of ‘Land Cruiser’ vehicles by FC KP: MoI may scrap proposal after IMF curbs

Duty-free import of ‘Land Cruiser’ vehicles by FC KP: MoI may scrap proposal after IMF curbs

Customs officer awarded penalty for receiving Rs70m, running business

Customs officer awarded penalty for receiving Rs70m, running business

Huawei to provide 60,000 Pakistanis hi-tech training

Huawei to provide 60,000 Pakistanis hi-tech training

IMF’s RSF: Pakistan to get $1.3bn in tranches

IMF’s RSF: Pakistan to get $1.3bn in tranches

Teachers: federal cabinet restores 25pc income tax rebate

Teachers: federal cabinet restores 25pc income tax rebate

Govt decides to shut down 392 seed companies for ‘failing NSDRA compliance’

Govt decides to shut down 392 seed companies for ‘failing NSDRA compliance’

Professionals: SECP launches mandatory certification requirements

Professionals: SECP launches mandatory certification requirements

Govt requests Nepra to reduce power tariffs by Rs1.71/unit

Govt requests Nepra to reduce power tariffs by Rs1.71/unit

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