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Print - 2015-08-01
Double taxation: FBR restrained from taking coercive action

Double taxation: FBR restrained from taking coercive action

The Sindh High Court (SHC) has restrained the Federal Board of Revenue (FBR) from taking any coercive action against the stockbrokers who are resisting double taxation on brokerage services by the federal and Sindh governments. The SHC's stay order came i
Published 01 Aug, 2015 12:00am
Pragmatic heir to Taliban leadership

Pragmatic heir to Taliban leadership

The new Afghan Taliban leader Mullah Akhtar Mansour has a reputation as a relative moderate who favours peace talks with the government - but his leadership already faces challenges to its legitimacy. For some Mansour was the obvious choice to succeed Mul
Published 01 Aug, 2015 12:00am
Pragmatic heir to Taliban leadership

Pragmatic heir to Taliban leadership

The new Afghan Taliban leader Mullah Akhtar Mansour has a reputation as a relative moderate who favours peace talks with the government - but his leadership already faces challenges to its legitimacy. For some Mansour was the obvious choice to succeed Mul
Published 01 Aug, 2015 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 01 Aug, 2015 12:00am
Pragmatic heir to Taliban leadership

Pragmatic heir to Taliban leadership

The new Afghan Taliban leader Mullah Akhtar Mansour has a reputation as a relative moderate who favours peace talks with the government - but his leadership already faces challenges to its legitimacy. For some Mansour was the obvious choice to succeed Mul
Published 01 Aug, 2015 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 01 Aug, 2015 12:00am
Jalaluddin Haqqani dead?

Jalaluddin Haqqani dead?

Taliban sources have claimed on Friday that Haqqani network chief Jalaluddin Haqqani also passed away one year ago and was buried in Afghanistan. According to a private television channel, the Taliban sources have claimed that Jalaluddin Haqqani, who is f
Published 01 Aug, 2015 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 01 Aug, 2015 12:00am
Jalaluddin Haqqani dead?

Jalaluddin Haqqani dead?

Taliban sources have claimed on Friday that Haqqani network chief Jalaluddin Haqqani also passed away one year ago and was buried in Afghanistan. According to a private television channel, the Taliban sources have claimed that Jalaluddin Haqqani, who is f
Published 01 Aug, 2015 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 01 Aug, 2015 12:00am
MoC to support textile policy

MoC to support textile policy

Ministry of Commerce (MoC) is unlikely to include any incentives for textile sector in the forthcoming Strategic Trade Policy Framework 2015-18 (STPF) but intends to continue to extend all possible support to Textile Policy, well informed sources told
Published 01 Aug, 2015 12:00am
MoC to support textile policy

MoC to support textile policy

Ministry of Commerce (MoC) is unlikely to include any incentives for textile sector in the forthcoming Strategic Trade Policy Framework 2015-18 (STPF) but intends to continue to extend all possible support to Textile Policy, well informed sources told
Published 01 Aug, 2015 12:00am
MoC to support textile policy

MoC to support textile policy

Ministry of Commerce (MoC) is unlikely to include any incentives for textile sector in the forthcoming Strategic Trade Policy Framework 2015-18 (STPF) but intends to continue to extend all possible support to Textile Policy, well informed sources told
Published 01 Aug, 2015 12:00am
PSM seeks permission to arrange financing against land mortgage

PSM seeks permission to arrange financing against land mortgage

Pakistan Steel Mills (PSM) has reportedly sought federal government''s permission to arrange financing facility of up to Rs 3 billion against mortgage of 1400 acres of land in the vicinity of the mills, well informed sources in Ministry of Industries and
Published 01 Aug, 2015 12:00am
PSM seeks permission to arrange financing against land mortgage

PSM seeks permission to arrange financing against land mortgage

Pakistan Steel Mills (PSM) has reportedly sought federal government's permission to arrange financing facility of up to Rs 3 billion against mortgage of 1400 acres of land in the vicinity of the mills, well informed sources in Ministry of Industries and P
Published 01 Aug, 2015 12:00am
PSM seeks permission to arrange financing against land mortgage

PSM seeks permission to arrange financing against land mortgage

Pakistan Steel Mills (PSM) has reportedly sought federal government's permission to arrange financing facility of up to Rs 3 billion against mortgage of 1400 acres of land in the vicinity of the mills, well informed sources in Ministry of Industries and P
Published 01 Aug, 2015 12:00am
PTI MNAs: Prime Minister urges JUI(F) chief to review decision

PTI MNAs: Prime Minister urges JUI(F) chief to review decision

Prime Minister Nawaz Sharif on Friday requested Maulana Fazlur Rehman, chief of Jamiat Ulema-e-Islam to review his party's move aimed at de-seating Pakistan Tehreek-e-Insaf members in National Assembly. In a meeting held at the PM House, the Prime Ministe
Published 01 Aug, 2015 12:00am
PTI MNAs: Prime Minister urges JUI(F) chief to review decision

PTI MNAs: Prime Minister urges JUI(F) chief to review decision

Prime Minister Nawaz Sharif on Friday requested Maulana Fazlur Rehman, chief of Jamiat Ulema-e-Islam to review his party's move aimed at de-seating Pakistan Tehreek-e-Insaf members in National Assembly. In a meeting held at the PM House, the Prime Ministe
Published 01 Aug, 2015 12:00am
Meeting with Doval before UNGA session

Meeting with Doval before UNGA session

Adviser to the Prime Minister on National Security and Foreign Affairs Sartaj Aziz on Friday said that his meeting with Indian counterpart Ajit Doval to discuss terrorism-related and recent Indian allegations will take place prior to the UN General Assemb
Published 01 Aug, 2015 12:00am
Meeting with Doval before UNGA session

Meeting with Doval before UNGA session

Adviser to the Prime Minister on National Security and Foreign Affairs Sartaj Aziz on Friday said that his meeting with Indian counterpart Ajit Doval to discuss terrorism-related and recent Indian allegations will take place prior to the UN General Assemb
Published 01 Aug, 2015 12:00am
Pakistan to raise RAW interference at UN: Sartaj

Pakistan to raise RAW interference at UN: Sartaj

Pakistan mulling will raise the issue of Indian intelligence agency RAW's involvement in different nefarious activities at upcoming session of UN General Assembly. Prime Minister's Advisor on Foreign Affairs Sartaj Aziz said this in the National Assembly
Published 01 Aug, 2015 12:00am
Pakistan to raise RAW interference at UN: Sartaj

Pakistan to raise RAW interference at UN: Sartaj

Pakistan mulling will raise the issue of Indian intelligence agency RAW's involvement in different nefarious activities at upcoming session of UN General Assembly. Prime Minister's Advisor on Foreign Affairs Sartaj Aziz said this in the National Assembly
Published 01 Aug, 2015 12:00am
Dar invites APTMA to mull over issues today

Dar invites APTMA to mull over issues today

The Federal Minister for Finance Ishaq Dar has invited the All Pakistan Textile Mills Association leadership for a meeting in Islamabad on Saturday (today) to mull over the textile industry issues and avert its strike call of August 7. The Association has
Published 01 Aug, 2015 12:00am
Dar invites APTMA to mull over issues today

Dar invites APTMA to mull over issues today

The Federal Minister for Finance Ishaq Dar has invited the All Pakistan Textile Mills Association leadership for a meeting in Islamabad on Saturday (today) to mull over the textile industry issues and avert its strike call of August 7. The Association has
Published 01 Aug, 2015 12:00am
Dar invites APTMA to mull over issues today

Dar invites APTMA to mull over issues today

The Federal Minister for Finance Ishaq Dar has invited the All Pakistan Textile Mills Association leadership for a meeting in Islamabad on Saturday (today) to mull over the textile industry issues and avert its strike call of August 7. The Association has
Published 01 Aug, 2015 12:00am
WHT on bank transactions: division among traders evident

WHT on bank transactions: division among traders evident

A clear division among traders is evident given the different scheduled dates of protests against 0.6 percent withholding tax on all banking transactions. All Karachi Tajir Ittehad (AKTI) has announced that it will hold a protest demonstration on August 0
Published 01 Aug, 2015 12:00am
WHT on bank transactions: division among traders evident

WHT on bank transactions: division among traders evident

A clear division among traders is evident given the different scheduled dates of protests against 0.6 percent withholding tax on all banking transactions. All Karachi Tajir Ittehad (AKTI) has announced that it will hold a protest demonstration on August 0
Published 01 Aug, 2015 12:00am
WHT on bank transactions: division among traders evident

WHT on bank transactions: division among traders evident

A clear division among traders is evident given the different scheduled dates of protests against 0.6 percent withholding tax on all banking transactions. All Karachi Tajir Ittehad (AKTI) has announced that it will hold a protest demonstration on August 0
Published 01 Aug, 2015 12:00am
There is no reason for strikes: Dar tells FPCCI team

There is no reason for strikes: Dar tells FPCCI team

The President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Mian Idrees accompanied by former President, FPCCI, Zubair Tufail called on the Federal Minister for Finance Senator Mohammad Ishaq Dar on Friday. They discussed the iss
Published 01 Aug, 2015 12:00am
There is no reason for strikes: Dar tells FPCCI team

There is no reason for strikes: Dar tells FPCCI team

The President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Mian Idrees accompanied by former President, FPCCI, Zubair Tufail called on the Federal Minister for Finance Senator Mohammad Ishaq Dar on Friday. They discussed the iss
Published 01 Aug, 2015 12:00am
There is no reason for strikes: Dar tells FPCCI team

There is no reason for strikes: Dar tells FPCCI team

The President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Mian Idrees accompanied by former President, FPCCI, Zubair Tufail called on the Federal Minister for Finance Senator Mohammad Ishaq Dar on Friday. They discussed the iss
Published 01 Aug, 2015 12:00am
Tax returns: unregistered traders offered incentives

Tax returns: unregistered traders offered incentives

The government has offered a tax incentive package to unregistered traders for voluntarily filing income tax returns ie, payment of minimum tax along with returns, a three-year exemption from audit and assets declarations under the self-assessment scheme
Published 01 Aug, 2015 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (July 31, 2015).

Published 01 Aug, 2015 12:00am
Tax returns: unregistered traders offered incentives

Tax returns: unregistered traders offered incentives

The government has offered a tax incentive package to unregistered traders for voluntarily filing income tax returns ie, payment of minimum tax along with returns, a three-year exemption from audit and assets declarations under the self-assessment scheme
Published 01 Aug, 2015 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (July 31, 2015).
Published 01 Aug, 2015 12:00am
Tax returns: unregistered traders offered incentives

Tax returns: unregistered traders offered incentives

The government has offered a tax incentive package to unregistered traders for voluntarily filing income tax returns ie, payment of minimum tax along with returns, a three-year exemption from audit and assets declarations under the self-assessment scheme
Published 01 Aug, 2015 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 01 Aug, 2015 12:00am
Tax returns: unregistered traders offered incentives

Tax returns: unregistered traders offered incentives

The government has offered a tax incentive package to unregistered traders for voluntarily filing income tax returns ie, payment of minimum tax along with returns, a three-year exemption from audit and assets declarations under the self-assessment scheme
Published 01 Aug, 2015 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 01 Aug, 2015 12:00am
BRIDGE NOTES: Where eagles dare

BRIDGE NOTES: Where eagles dare

Only rarely does one come across a truly extraordinary defence in Bridge which creates headlines and becomes the subject matter of review in bridge columns with the defender applauded copiously on such a well chalked out defence strategy. We all know that
Published 01 Aug, 2015 12:00am
'Dope': three nerds from the 'hood go on a comedic romp

'Dope': three nerds from the 'hood go on a comedic romp

In the last scene of "Dope," a light-hearted comedy produced by Pharrell Williams, Forest Whitaker and Sean Combs, the academically inclined main character - a nerd from the 'hood - asks why anyone would question his desire to attend Harvard.
Published 01 Aug, 2015 12:00am
PIYA SINHA-ROY

PIYA SINHA-ROY

After going intergalactic with "Guardians of the Galaxy," and hanging an entire city from the sky in "Avengers: Age of Ultron," Marvel is reversing its scale but still packing the punches with an insect-sized superhero.
Published 01 Aug, 2015 12:00am
Cruise back with more stunts in 'Mission: Impossible -Rogue Nation'

Cruise back with more stunts in 'Mission: Impossible -Rogue Nation'

He's swung around skyscrapers and leapt off buildings, and now Tom Cruise is back in the blockbuster action-movie franchise "Mission: Impossible". And in the latest instalment, he adds a new feat -clinging to the side of a plane as it takes off.
Published 01 Aug, 2015 12:00am
Mounting threat to Galapagos from 'El Nino'

Mounting threat to Galapagos from 'El Nino'

The Galapagos Islands, celebrated for their breathtaking biodiversity, could face a major threat from "El Nino," the weather system known to wreak havoc every few years. The archipelago sustains a vast variety of plant and animal life, and has been recogn
Published 01 Aug, 2015 12:00am
Is your child physically active?

Is your child physically active?

Physical activities are good for the healthy development of children. Physical activities characterised as any activity that gets children moving, makes their breathing become quicker, and their hearts beat faster. Children can be physically active in man
Published 01 Aug, 2015 12:00am
Is science drawing closer to an alien world?

Is science drawing closer to an alien world?

NASA's discovery of Earth-like exoplanet Kepler-452b, nicknamed "Earth 2.0", has social media buzzing about the chances of finding a faraway world, possibly with alien life or key resources such as water.
Published 01 Aug, 2015 12:00am
Not up to the brim! Keep your batteries a little hungry

Not up to the brim! Keep your batteries a little hungry

Whether your favourite gadget is a mobile phone, tablet or notebook, sooner or later you're going to have to recharge its batteries. But you can only charge them so long until they're full. Anything extra won't help at all and keeping it fully charged all
Published 01 Aug, 2015 12:00am
No sci-fi joke: 'killer robots' strike fear into tech leaders

No sci-fi joke: 'killer robots' strike fear into tech leaders

It sounds like a science-fiction nightmare. But "killer robots" have the likes of British scientist Stephen Hawking and Apple co-founder Steve Wozniak fretting, and warning they could fuel ethnic cleansing and an arms race.
Published 01 Aug, 2015 12:00am
ART FACTS: Pleasing hues of nature

ART FACTS: Pleasing hues of nature

The canvases that Arif Ansari has painted have unleashed the outcome of his visual imagination and nature's beauty which together resonate the inner souls of the viewers. The reason for his uniqueness lies in the hues that he has chosen for his paintings,
Published 01 Aug, 2015 12:00am
KARACHI CHORNICLE: Naming roads

KARACHI CHORNICLE: Naming roads

Our Commissioner, Shoaib Siddiqui, last Sunday ordered the removal of encroachment in 30 storm drains to allow rain water to flow freely to the sea. The encroachers are not impressed. They are not co-operating with the 3,000 clean-up crew, that is, 100 pe
Published 01 Aug, 2015 12:00am
Failure is good for success

Failure is good for success

The post-2015 agenda is now only two months away to be finalised. With Pakistani representatives absent from the third International Conference on Financing for Development in Addis Ababa, it reflects the GOP's lukewarm interest in the ambitious agenda. G
Published 01 Aug, 2015 12:00am
Welcome to Switzerland

Welcome to Switzerland

Switzerland is a small country located in the heart of Western Europe, and sharing borders with neighbouring Germany, Austria, the Principality of Liechtenstein, Italy and France. There are now approximately 8 million people living in Switzerland, speakin
Published 01 Aug, 2015 12:00am
Transportation in Switzerland

Transportation in Switzerland

Switzerland lies in the heart of Europe. It shares borders with Germany, Austria, the Principality of Liechtenstein, Italy and France and serves as a vital link for communication and transports between the North of Europe and those in the South. Globalisa
Published 01 Aug, 2015 12:00am
SICPA - Enabling trust across the globe

SICPA - Enabling trust across the globe

SICPA is the leading global provider of secured identification, traceability and authentication solutions and services. Founded in 1927 and headquartered in Prilly-Lausanne, it is a privately owned Swiss company with subsidiaries and joint ventures in key
Published 01 Aug, 2015 12:00am
Ultracoat Pakistan

Ultracoat Pakistan

ULTRACOAT PAKISTAN as being the first company in Pakistan, offers customise solutions for brand protection against the menace of counterfeiting and product tampering. We implement next generation technologies to protect the brands of our customers and the
Published 01 Aug, 2015 12:00am
Pakistan: Choice destination for trade and investments
Currency

Pakistan: Choice destination for trade and investments

Located in South Asia with an area of over 800,000 km and with a coast line of 1100 km, Pakistan borders Iran, Afghanistan, China and India and also provides the economic corridor to the newly created States of Central Asia which too is a market of nearly
Published 01 Aug, 2015 12:00am
Message from Swiss Consul General

Message from Swiss Consul General

While the Swiss National Day is on August 1, Pakistan's Independence Day is celebrated on August 14. This year, the official Swiss National Day Reception will be held on August 7. This choice of date gives me the opportunity to cherish the friendship of b
Published 01 Aug, 2015 12:00am
Spain's FCC warns of slowdown in growth this year

Spain's FCC warns of slowdown in growth this year

Indebted Spanish services and construction group FCC, majority owned by Mexican billionaire Carlos Slim, said growth in its core profits would be slower than expected this year as the pace of the country's economic recovery was not matched in the construc
Published 01 Aug, 2015 12:00am
Shareholders hint at shake-up of missile maker MBDA

Shareholders hint at shake-up of missile maker MBDA

European missile maker MBDA edged towards its biggest shake-up in over a decade on Friday as Airbus Group signalled interest in expanding its share, while Italy's Finmeccanica said it would be open to selling its stake. "We see MBDA as a ... core business
Published 01 Aug, 2015 12:00am
SEC affirms relevance of full market view in letter to BATS

SEC affirms relevance of full market view in letter to BATS

US securities regulators last week affirmed the importance of "consolidated" quotes and stock prices, a reminder that brokers must provide clients the most complete view of the market and that any subset is not enough. The letter from the US Securities an
Published 01 Aug, 2015 12:00am
Barclays's ABS cuts reignite regulatory plight

Barclays's ABS cuts reignite regulatory plight

Barclays took the axe to its ABS business last week but its apparent pessimism over the prospects for the European market left many bankers unconvinced, coming as policymakers redouble efforts to revive the sector. The bank dismantled its securitisation b
Published 01 Aug, 2015 12:00am
UPS bolsters full-truckload business with $1.8 billion deal

UPS bolsters full-truckload business with $1.8 billion deal

United Parcel Service Inc said it would buy Coyote Logistics from private equity firm Warburg Pincus for $1.8 billion to expand its full-truckload services, the latest deal in a rapidly consolidating logistics industry. Coyote Logistics connects customers
Published 01 Aug, 2015 12:00am
Italian bond yields in biggest monthly fall in over two years
Currency

Italian bond yields in biggest monthly fall in over two years

Italian bond yields recorded their biggest monthly fall in more than two years on Friday, as Greece's crisis recedes and the euro zone struggles to rid itself of the spectre of deflation. Euro zone bond yields were also subdued after a record-low rise in
Published 01 Aug, 2015 12:00am
Italian bond yields in biggest monthly fall in over two years
Currency

Italian bond yields in biggest monthly fall in over two years

Italian bond yields recorded their biggest monthly fall in more than two years on Friday, as Greece's crisis recedes and the euro zone struggles to rid itself of the spectre of deflation. Euro zone bond yields were also subdued after a record-low rise in
Published 01 Aug, 2015 12:00am
Ecobank says working to restructure loans to Nigerian states

Ecobank says working to restructure loans to Nigerian states

Ecobank is working on a plan to restructure its loans to Nigerian states, after putting almost a third of those loans a watch list as the finances of the states grow more precarious, the pan-African lender said on Friday. Ecobank has loaned $150 million t
Published 01 Aug, 2015 12:00am
US spring wheat prospects second highest since 1994

US spring wheat prospects second highest since 1994

Spring wheat yield prospects in north-west and central North Dakota are not quite as strong as a year ago but are still the second-highest since at least 1994, scouts on an annual crop tour said on Wednesday. The Wheat Quality Council tour calculated an a
Published 01 Aug, 2015 12:00am
Daily trading report of PMEX

Daily trading report of PMEX

On Thursday at Pakistan Mercantile Exchange (PMEX), value traded was PKR 5,105 million. The number of lots traded was 24.24 million and PMEX Commodity Index closed at 2,568. Major business was contributed by gold amounting to PKR 4,099 million. This was f
Published 01 Aug, 2015 12:00am
No change on grain market

No change on grain market

According to the Daily Market Report, not a single change was seen on the local commodity market and oil seeds market on Friday.
Published 01 Aug, 2015 12:00am
US FOB Gulf soyabean premiums firmer

US FOB Gulf soyabean premiums firmer

US Gulf soyabean export premiums were mostly steady to firm on Wednesday, underpinned by rising CIF barge basis values and moderate export demand for mostly new-crop shipments, traders said. Chinese importers continue to book the majority of their soyabea
Published 01 Aug, 2015 12:00am