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Print - 2015-07-31
British parliamentarians meet Punjab chief minister

British parliamentarians meet Punjab chief minister

A 5-member delegation of British Parliament met Punjab Chief Minister Shahbaz Sharif, on Thursday, which discussed matters of mutual interest, promotion of relations between Pakistan and Britain, co-operation in education, health particularly skill develo
Published 31 Jul, 2015 12:00am
Water level increases in River Indus

Water level increases in River Indus

Water level has increased in River Indus near Jatoi in Muzaffargarh due to which a protection bund in Village Rampur swept away which caused the inundation of Mukhtar Mai village Mirwala, Mouchiwala and Basti Manzoor Ahmed Mastoi. DCO Muzaffargarh Hafiz S
Published 31 Jul, 2015 12:00am
PU employees, teachers get plot possession letters

PU employees, teachers get plot possession letters

After solution of long-standing issue of a no-objection certificate by the Lahore Development Authority for the Punjab University Housing Scheme Town II, possession letters of plots were distributed among employees and teachers in a ceremony held at the F
Published 31 Jul, 2015 12:00am
Re-allocation of quota: LPGAP for complete transparency by PARC

Re-allocation of quota: LPGAP for complete transparency by PARC

The Liquefied Petroleum Gas Association of Pakistan has urged Federal Petroleum Minister Shahid Khaqan Abbasi to ensure complete transparency in the re-allocation of fuel quota by the Pak-Arab Refinery Company, saying all allocations should be made throug
Published 31 Jul, 2015 12:00am
KP governor for uplifting of socio-economic sectors in Fata

KP governor for uplifting of socio-economic sectors in Fata

Khyber Pakhtunkhwa Governor Sardar Mahtab Ahmad Khan said that more funds had been allocated to Fata Development Authority (FDA) for uplifting of economic and social sectors in Fata, adding on the successful and timely completion those development project
Published 31 Jul, 2015 12:00am
Online services: LCCI urges FBR to resolve inactiveness issue

Online services: LCCI urges FBR to resolve inactiveness issue

The Lahore Chamber of Commerce and Industry (LCCI) has urged the Federal Board of Revenue (FBR) to resolve the issue of "inactiveness of online services" at its portal. The LCCI President Ijaz A Mumtaz in a statement on Thursday said the LCCI has been con
Published 31 Jul, 2015 12:00am
Pakistan Halal Authority Bill, 2015 introduced in National Assembly

Pakistan Halal Authority Bill, 2015 introduced in National Assembly

The government on Thursday introduced "The Pakistan Halal Authority Bill, 2015" in the National Assembly to establish a Pakistan Halal Authority to promote imports, exports, trade and commerce with foreign countries. Federal Minister for Science and Techn
Published 31 Jul, 2015 12:00am
Navy continues flood relief operation

Navy continues flood relief operation

Pakistan Navy Rescue and Relief work under operation 'Madad' continues at Khairpur, Sukkur and Ghotki where Pakistan Navy Rescue teams have successfully evacuated 1161 personnel including men, women and children. In order to augment relief efforts, 9 tons
Published 31 Jul, 2015 12:00am
Prudent policies helped revive economy: Dar

Prudent policies helped revive economy: Dar

The prudent policies of the government have helped revive the country's sagging economy and internationally reputed monetary organisations acknowledged Pakistan as, "heading in the right direction". This was stated by Federal Minister for Finance, Senator
Published 31 Jul, 2015 12:00am
SECP barred from registering INGOs

SECP barred from registering INGOs

The high-level committee, set up by the Prime Minister to review rules and regulations regarding accreditation and activities of International Non-governmental Organisations (INGOs), has imposed restriction on the Securities and Exchange Commission of Pak
Published 31 Jul, 2015 12:00am
Siemens transferring healthcare business

Siemens transferring healthcare business

Siemens Pakistan is transferring its local healthcare business to a private limited firm the multinational engineering conglomerate plans to incorporate. Also, the company has decided to cease participating in further business in the war-torn neighbouring
Published 31 Jul, 2015 12:00am
Easypay helps boost e-commerce industry

Easypay helps boost e-commerce industry

Easypay will help to boost the e-commerce industry in Pakistan by offering secure, instant and easy integration of payments for online trade, besides helping in creating thousands of jobs opportunities, said Omer Moeen Malik Head of Strategy Easypaisa.
Published 31 Jul, 2015 12:00am
NA-122 rigging case: hearing adjourned to August 3

NA-122 rigging case: hearing adjourned to August 3

An election tribunal on Thursday rejected the request by lawyers of National Assembly Speaker Sardar Ayaz Sadiq for adjournment of the alleged rigging case of NA-122 to August 22 and fixed it for August 3. Tribunal Judge Kazim Ali Malik said the verdict o
Published 31 Jul, 2015 12:00am
Diplomatic assignment: New Saudi Ambassador arrives

Diplomatic assignment: New Saudi Ambassador arrives

The newly appointed Saudi Ambassador to Pakistan Abdullah bin Marzouk Al-Zahrani arrived in Islamabad on Thursday to take charge of his new diplomatic assignment. The Embassy sources said that Al-Zahrani, who took oath of his newly assignment on June 02,
Published 31 Jul, 2015 12:00am
Population census to be completed in 3 weeks in 2016

Population census to be completed in 3 weeks in 2016

Pakistan Bureau of Statistics (PBS) has said that the Population Census being conducted in 2016 would be completed in three weeks time. Chief Statistician PBS Asif Bajwa informed the meeting presided over by the Finance Minister Ishaq Dar to review the wo
Published 31 Jul, 2015 12:00am
Withholding tax and traders' protest

Withholding tax and traders' protest

How unfortunate it is that the government and protesting traders are still struggling to reach a deal over imposition of withholding tax on banking transactions. The business community appears to be divided over the issue. A large number of traders' bodie
Published 31 Jul, 2015 12:00am
MSMEs: an engine of growth and prosperity

MSMEs: an engine of growth and prosperity

Micro, small and medium enterprises (MSMEs) account for 99.7% of all enterprises in the world. MSMEs play a significant role towards boosting economic growth, poverty reduction and social inclusion across the globe. Formal MSMEs account for 16% of GDP in
Published 31 Jul, 2015 12:00am
Rejoinder to the IMF

Rejoinder to the IMF

Harold Finger, the new IMF Mission Chief for Pakistan, has recently written an article in an English-language national daily on 'A Pro-Growth Strategy without Fiscal Stimulus'. This is an attempt at justifying the strategy of steep fiscal deficit reductio
Published 31 Jul, 2015 12:00am
FBR reforms - I

FBR reforms - I

On paper, Federal Board of Revenue (FBR) is an autonomous body created by an act of Parliament, the Federal Board of Revenue Act of 2007, but in practice it is considered handmaid of the rulers of the day and protector of the tax evaders and non-filers. S
Published 31 Jul, 2015 12:00am
Let NS set the example

Let NS set the example

Prime Minister Nawaz Sharif has shown political maturity to advise his party stalwarts to work for strengthening the democratic system and shun from petty squabbling with the opposition. He has urged Muttahida Qaumi Movement (MQM) and Jamiat Ulema-e-Islam
Published 31 Jul, 2015 12:00am
The bigger picture

The bigger picture

Three major developments with regard to regional and domestic peace have taken place in one single day: (a) in a jungle of southern Punjab's Muzaffargarh district, Lashkar-e-Jhangvi (LeJ) chief Malik Ishaq, his two sons and 11 fellow militants are killed
Published 31 Jul, 2015 12:00am
Shanghai copper sinks

Shanghai copper sinks

Shanghai Futures Exchange copper fell half a percent to 38,560 yuan ($6,211) a tonne on Thursday as jitters resurfaced in China's share markets and as a dollar revival picked up pace on bets of a looming rate rise in the United States. Across other metals
Published 31 Jul, 2015 12:00am
Copper descends
Currency

Copper descends

Copper slipped on Thursday, weighed down by a firmer dollar after the US Federal Reserve set the scene for a possible interest rate rise and on jitters about China after its stock market retreated. Three-month copper on the London Metal Exchange slid 1.3
Published 31 Jul, 2015 12:00am
Oil dips as robust dollar offsets stock drawdown
Currency

Oil dips as robust dollar offsets stock drawdown

Crude futures settled down on Thursday, pressured by a rally in the dollar which countered bullish sentiment from a drawdown in US stockpiles that was much steeper than expected. Position squaring ahead of the expiry of the front-month contracts in gasoli
Published 31 Jul, 2015 12:00am
Rubber climbs

Rubber climbs

Benchmark Tokyo rubber futures climbed for a second day on Thursday as bargain hunters helped boost the prices and as investors covered short positions after the Federal Reserve said the economy and job market continue to strengthen. The Tokyo Commodity E
Published 31 Jul, 2015 12:00am
Palm oil higher
Vegetable Oil

Palm oil higher

Malaysian palm oil futures ended up after earlier hitting a new three-month low on Thursday, tracking other vegetable oils, as traders waited for fresh cues and monthly export data due soon. By the close, benchmark palm oil for October on the Bursa Malays
Published 31 Jul, 2015 12:00am
Soyabeans rise; corn and wheat resume slides

Soyabeans rise; corn and wheat resume slides

US soyabeans rose for a second straight day on Wednesday, recovering some recent losses ahead of a critical development period for the oilseed, while corn and wheat resumed their slides on a favourable US harvest outlook. With soyabean yields largely dete
Published 31 Jul, 2015 12:00am
Arabica coffee up
Currency

Arabica coffee up

Arabica coffee futures on ICE rallied on Thursday on short-covering and a lack of producer selling, as raw sugar futures fell, giving up much of the previous day's advance as buying dried up at key chart resistance and cocoa futures edged higher. The most
Published 31 Jul, 2015 12:00am
The Weather

The Weather

The weather report on Thursday (July 30, 2015) and the forecast for Friday (July 31, 2015).

Published 31 Jul, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (July 30, 2015).

Published 31 Jul, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (July 30, 2015).

Published 31 Jul, 2015 12:00am
Gold moves up in New York

Gold moves up in New York

Gold moved up a shade on Wednesday, but remained near last week's 5-1/2-year low, after a US Federal Reserve statement raised uncertainty about the timing of a possible interest rate hike, leaving the door open for September. Following a two-day policy me
Published 31 Jul, 2015 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 31 Jul, 2015 12:00am
Gold down in Asia

Gold down in Asia

Gold fell more than 1 percent to near its weakest level since early 2010 on Thursday, as the dollar jumped ahead of US economic data that is likely to strengthen expectations for an interest rate hike by the Federal Reserve in September. After a two-day m
Published 31 Jul, 2015 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 31 Jul, 2015 12:00am
Gold falls in Europe

Gold falls in Europe

Gold fell 1 percent on Thursday to a near a 5-1/2-year low as the dollar rose after data showed the US economy improved in the second quarter, supporting views the Federal Reserve would lift rates by year-end. The US Commerce Department said gross domesti
Published 31 Jul, 2015 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (July 30, 2015).

Published 31 Jul, 2015 12:00am
US MIDDAY: soyabeans rise for third day

US MIDDAY: soyabeans rise for third day

US soyabean futures rose on Thursday as signs of growing export demand threatened to cut into an already thin supply base, traders said. Wheat and corn futures also firmed, with bargain hunters and technical buyers stepping into the market. Soyabeans, on
Published 31 Jul, 2015 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (July 30, 2015)

Published 31 Jul, 2015 12:00am
US MIDDAY: gold slips as dollar rises

US MIDDAY: gold slips as dollar rises

Gold fell 1 percent early on Thursday to a near a 5-1/2-year low as the dollar rose after data showed the US economy improved in the second quarter, supporting views that the Federal Reserve would lift rates by year-end. The US Department of Commerce said
Published 31 Jul, 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 Thursday (July 30, 2015).

Published 31 Jul, 2015 12:00am
Thousands evacuated as cyclone set to hit Bangladesh

Thousands evacuated as cyclone set to hit Bangladesh

A cyclone set to hit the Bangladesh coast later Thursday has already killed three people and forced the evacuation of thousands from mainly poor fishing communities, police and other officials said. Cyclone Komen, forming in the Bay of Bengal, has destroy
Published 31 Jul, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (July 30, 2015).

Published 31 Jul, 2015 12:00am
Fiscal Year 2015 services trade deficit narrows down

Fiscal Year 2015 services trade deficit narrows down

The country''s services trade deficit narrowed down by a modest 5 percent to $2.5 billion during the last fiscal year (FY15) supported by higher Coalition Support Fund (CSF) inflows. "Declining trend in services trade deficit is a positive sign for the co
Published 31 Jul, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (July 30, 2015).

Published 31 Jul, 2015 12:00am
Fiscal Year 2015 services trade deficit narrows down

Fiscal Year 2015 services trade deficit narrows down

The country's services trade deficit narrowed down by a modest 5 percent to $2.5 billion during the last fiscal year (FY15) supported by higher Coalition Support Fund (CSF) inflows. "Declining trend in services trade deficit is a positive sign for the cou
Published 31 Jul, 2015 12:00am
Fiscal Year 2015 services trade deficit narrows down

Fiscal Year 2015 services trade deficit narrows down

The country's services trade deficit narrowed down by a modest 5 percent to $2.5 billion during the last fiscal year (FY15) supported by higher Coalition Support Fund (CSF) inflows. "Declining trend in services trade deficit is a positive sign for the cou
Published 31 Jul, 2015 12:00am
Bangladesh, India in historic land swap

Bangladesh, India in historic land swap

Bangladesh and India will this week finally swap tiny islands of land, ending one of the world's most difficult border disputes that has kept thousands of people in stateless limbo for almost 70 years. At one minute past midnight on Friday, some 50,000 re
Published 31 Jul, 2015 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

Steadier trend was witnessed on the money market on Thursday in the process of trading, dealers said. The rupee gained three-paisa versus the dollar for buying and selling at Rs 101.79 and Rs 101.80 respectively, they said.
Published 31 Jul, 2015 12:00am
Bangladesh, India in historic land swap

Bangladesh, India in historic land swap

Bangladesh and India will this week finally swap tiny islands of land, ending one of the world's most difficult border disputes that has kept thousands of people in stateless limbo for almost 70 years. At one minute past midnight on Friday, some 50,000 re
Published 31 Jul, 2015 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

Steadier trend was witnessed on the money market on Thursday in the process of trading, dealers said. The rupee gained three-paisa versus the dollar for buying and selling at Rs 101.79 and Rs 101.80 respectively, they said.
Published 31 Jul, 2015 12:00am
PTI leading in re-polling of LG elections in KP

PTI leading in re-polling of LG elections in KP

Pakistan Tehreek-e-Insaf (PTI) is leading in the re-polling in 350 polling stations of 116 district councils and 114 tehsil councils seats held on Thursday in 14 districts of the province, private TV channels reported. According to un-official results, PT
Published 31 Jul, 2015 12:00am
PTI leading in re-polling of LG elections in KP

PTI leading in re-polling of LG elections in KP

Pakistan Tehreek-e-Insaf (PTI) is leading in the re-polling in 350 polling stations of 116 district councils and 114 tehsil councils seats held on Thursday in 14 districts of the province, private TV channels reported. According to un-official results, PT
Published 31 Jul, 2015 12:00am
PCAA increases airport charges

PCAA increases airport charges

Pakistan Civil Aviation Authority (PCAA) has increased its airport charges by 50 percent and 66 percent for international and domestic passengers, respectively. The revised airport charges will be applicable from August 1, 2015. According to details, emba
Published 31 Jul, 2015 12:00am
PCAA increases airport charges

PCAA increases airport charges

Pakistan Civil Aviation Authority (PCAA) has increased its airport charges by 50 percent and 66 percent for international and domestic passengers, respectively. The revised airport charges will be applicable from August 1, 2015. According to details, emba
Published 31 Jul, 2015 12:00am
PCAA increases airport charges

PCAA increases airport charges

Pakistan Civil Aviation Authority (PCAA) has increased its airport charges by 50 percent and 66 percent for international and domestic passengers, respectively. The revised airport charges will be applicable from August 1, 2015. According to details, emba
Published 31 Jul, 2015 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (July 30, 2015).

Published 31 Jul, 2015 12:00am
POL products'' prices likely to be cut up to Rs 6.33

POL products'' prices likely to be cut up to Rs 6.33

Following a reduction in international crude oil price, the Oil and Gas Regulatory Authority (Ogra) has recommended a cut of up to Rs 6.33 per litre in the prices of petroleum products for August. According to a summary forwarded to the Ministry of Petrol
Published 31 Jul, 2015 12:00am
POL products' prices likely to be cut up to Rs 6.33

POL products' prices likely to be cut up to Rs 6.33

Following a reduction in international crude oil price, the Oil and Gas Regulatory Authority (Ogra) has recommended a cut of up to Rs 6.33 per litre in the prices of petroleum products for August. According to a summary forwarded to the Ministry of Petrol
Published 31 Jul, 2015 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 31 Jul, 2015 12:00am
POL products' prices likely to be cut up to Rs 6.33

POL products' prices likely to be cut up to Rs 6.33

Following a reduction in international crude oil price, the Oil and Gas Regulatory Authority (Ogra) has recommended a cut of up to Rs 6.33 per litre in the prices of petroleum products for August. According to a summary forwarded to the Ministry of Petrol
Published 31 Jul, 2015 12:00am
KE rejects allegations

KE rejects allegations

K-Electric (KE) has countered the claims made by officials of the Ministry of Water & Power and NEPRA on KE''s technical and financial operations in the Senate Standing Committee''s meeting held on 29th July. Rebutting allegations on the pricing of electr
Published 31 Jul, 2015 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 31 Jul, 2015 12:00am
KE rejects allegations

KE rejects allegations

K-Electric (KE) has countered the claims made by officials of the Ministry of Water & Power and NEPRA on KE's technical and financial operations in the Senate Standing Committee's meeting held on 29th July. Rebutting allegations on the pricing of electric
Published 31 Jul, 2015 12:00am
KE rejects allegations

KE rejects allegations

K-Electric (KE) has countered the claims made by officials of the Ministry of Water & Power and NEPRA on KE's technical and financial operations in the Senate Standing Committee's meeting held on 29th July. Rebutting allegations on the pricing of electric
Published 31 Jul, 2015 12:00am
Legal proceedings initiated against KE, Senate body told

Legal proceedings initiated against KE, Senate body told

Senate Standing Committee on Finance was informed that National Electric Power Regulatory Authority (NEPRA) has initiated legal proceedings against K-Electric for its alleged failure to implement the Performance Standards which led to frequent tripping/in
Published 31 Jul, 2015 12:00am
Legal proceedings initiated against KE, Senate body told

Legal proceedings initiated against KE, Senate body told

Senate Standing Committee on Finance was informed that National Electric Power Regulatory Authority (NEPRA) has initiated legal proceedings against K-Electric for its alleged failure to implement the Performance Standards which led to frequent tripping/in
Published 31 Jul, 2015 12:00am
Legal proceedings initiated against KE, Senate body told

Legal proceedings initiated against KE, Senate body told

Senate Standing Committee on Finance was informed that National Electric Power Regulatory Authority (NEPRA) has initiated legal proceedings against K-Electric for its alleged failure to implement the Performance Standards which led to frequent tripping/in
Published 31 Jul, 2015 12:00am
LSE index loses 48.5 points

LSE index loses 48.5 points

Shares on Thursday moved both ways on the Lahore Stock Exchange and finally ended in a negative zone amid an ascending transaction volume because of selling pressure. The LSE-25 index lost 48.50 points to 6183.12 against 6231.62 of Wednesday while trading
Published 31 Jul, 2015 12:00am
LSE index loses 48.5 points

LSE index loses 48.5 points

Shares on Thursday moved both ways on the Lahore Stock Exchange and finally ended in a negative zone amid an ascending transaction volume because of selling pressure. The LSE-25 index lost 48.50 points to 6183.12 against 6231.62 of Wednesday while trading
Published 31 Jul, 2015 12:00am
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