News Archives for Print - 2015-09-10 - Business Recorder

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Print - 2015-09-10

Bureaucrats' promotion case: CSB meeting can't be convened in September, IHC told

Bureaucrats' promotion case: CSB meeting can't be convened in September, IHC told

Islamabad High Court (IHC) was informed on Wednesday that Central Selection Board (CSB) meeting could not be convened in September, as the post of Chairman Federal Public Service Commission (FPSC) was still vacant. Additional Attorney General (AAG) Afnan

Published 10 Sep, 2015 12:00am

Boosting textile export: Senate panel calls for taking required measures

Currency

Boosting textile export: Senate panel calls for taking required measures

Recommending power tariff at par with regional competitors, withdrawal of duty on coal, and zero-rating regime for textile industry, a parliamentary panel Wednesday called for taking tangible measures to boost the textile export. The Senate standing commi

Published 10 Sep, 2015 12:00am

Annual accounts: SECP directs listed firms to incorporate message on JamaPunji

Annual accounts: SECP directs listed firms to incorporate message on JamaPunji

In order to disseminate the message of its investor education portal, JamaPunji, the Securities and Exchange Commission of Pakistan (SECP) has directed all listed companies to incorporate an informational message on JamaPunji in their annual accounts.

Published 10 Sep, 2015 12:00am

Couple, teenage son, daughter slaughtered in Manzoor Colony

Couple, teenage son, daughter slaughtered in Manzoor Colony

A couple and their two teenage children were mysteriously found dead inside their house, here on Tuesday. Police said that some unknown assailants after brutally slaughtering the family torched the house and fled. The incident took place in Manzoor Colony

Published 10 Sep, 2015 12:00am

Healthcare professionals continue their protest

Healthcare professionals continue their protest

The doctors, paramedics and nurses of different hospitals in federal capital continued their sit-in for the second consecutive day on Wednesday, leaving the patients in the lurch.

Published 10 Sep, 2015 12:00am

KP to hold training workshop for district nazims

KP to hold training workshop for district nazims

The Government of Khyber Pakhtunkhwa is going to hold first ever 'Training Workshop' in the history of Pakistan for all districts Nazims (Mayors) of the province on 5-6 October 2015 in line with embarking on the journey for devolution of power to the elec

Published 10 Sep, 2015 12:00am

ICT admin seals food outlets for selling unhygienic foods

ICT admin seals food outlets for selling unhygienic foods

Better late than never. Following in the footsteps of 'dhabang' or brave lady Ayesha Mumtaz of Punjab Food Authority, Lahore, finally deputy commissioner, Islamabad, sprang into action against some prominent eateries for selling unhygienic foods. The Isla

Published 10 Sep, 2015 12:00am

PIB yield declines

PIB yield declines

The cut-off yield of Pakistan Investment Bonds (PIBs) declined up to 25 basis points (bps) in its auction held Wednesday amid expectations for a reduction in the key policy rate. Auction for the sale of Pakistan Investment Bonds for 3-, 5-, 10-, and 20-ye

Published 10 Sep, 2015 12:00am

PIB yield declines

PIB yield declines

The cut-off yield of Pakistan Investment Bonds (PIBs) declined up to 25 basis points (bps) in its auction held Wednesday amid expectations for a reduction in the key policy rate. Auction for the sale of Pakistan Investment Bonds for 3-, 5-, 10-, and 20-ye

Published 10 Sep, 2015 12:00am

Mutual Funds Industry

Mutual Funds

Mutual Funds Industry

A key distinction between a developed and a developing economy lies in their savings pattern. In an economically-matured country, people tend to save a higher proportion of what they earn, as compared to a developing country where average income is usuall

Published 10 Sep, 2015 12:00am

Mutual Funds Industry

Mutual Funds

Mutual Funds Industry

A key distinction between a developed and a developing economy lies in their savings pattern. In an economically-matured country, people tend to save a higher proportion of what they earn, as compared to a developing country where average income is usuall

Published 10 Sep, 2015 12:00am

LUMHS opens Lab in Tando Adam

LUMHS opens Lab in Tando Adam

Addressing an inaugural ceremony of the newly established LUMHS Diagnostic and Research Laboratory at Tando Adam, the Vice Chancellor Professor Noshad A Shaikh said that the Liaquat University of Medical and Health Sciences Jamshoro since its inception ha

Published 10 Sep, 2015 12:00am

Seminar on 'Modern Trends in Commercial Explosives' concludes

Seminar on 'Modern Trends in Commercial Explosives' concludes

A 2-day seminar on "Modern Trends in Commercial Explosives" organized by Wah Nobel Group of Companies at Pakistan Ordnance Factories (POF) Wah Cantt concluded here Wednesday. The seminar was arranged for the officials of Frontier Works Organization (FWO)

Published 10 Sep, 2015 12:00am

DIBPL, Western Union launch account-based money transfer service

DIBPL, Western Union launch account-based money transfer service

Dubai Islamic Bank Pakistan Limited (DIBPL), a leading Islamic Bank in Pakistan and Western Union, a leader in money transfer and global payment services announced the launch of international account base money transfer services to Pakistan, setting up ne

Published 10 Sep, 2015 12:00am

Government seeks to win Khan of Kalat over to its side

Government seeks to win Khan of Kalat over to its side

The provincial government of Balochistan has decided to send representatives of Grand Baloch Jirga to London in December to negotiate with Khan of Kalat Mir Suleman Dawood Jan for his return to Pakistan, it is learnt. An official source privy to the devel

Published 10 Sep, 2015 12:00am

Meezan Bank's annual report 2014 gets award

Meezan Bank's annual report 2014 gets award

The joint committee of Institute of Chartered Accountants of Pakistan (ICAP) and Institute of Cost & Management Accountants of Pakistan (ICMAP) has awarded Meezan Bank's Annual Report 2014 the prize of being the 3rd Best Corporate Report in the Banking se

Published 10 Sep, 2015 12:00am

'Chinese corner' inaugurated at SU

'Chinese corner' inaugurated at SU

The Area Study Centre (ASC) of Sindh University (SU) on Wednesday inked two memoranda of understanding (MoUs) with a local & a foreign institution for research in the fields of social sciences. It also inaugurated Chinese corner in a bid to promote Chines

Published 10 Sep, 2015 12:00am

Martyrs of Army Public School paid tributes

Martyrs of Army Public School paid tributes

In continuation of Defense Day of Pakistan Celebrations the Institute of Biomedical Technology LUMHS Jamshoro arranged a program to pay tribute to the martyrs of Army Public School, Peshawar. Addressing a large number of participants, Vice Chancellor LUMH

Published 10 Sep, 2015 12:00am

PLGMEA demands measures to arrest slide in exports: Body to meet Prime Minister tomorrow

PLGMEA demands measures to arrest slide in exports: Body to meet Prime Minister tomorrow

Pakistan Leather Garments Manufacturers and Exporters Association (PLGMEA) demands government to urgently take measures to check decline in exports of leather garments and leather goods. The exports of leather garment declined 10 percent to $366 million i

Published 10 Sep, 2015 12:00am

Depleting resources, declining crop productions: Sindh may face food shortage in future: experts

Depleting resources, declining crop productions: Sindh may face food shortage in future: experts

Experts warn the people of Sindh province of facing food shortage in future, because of depleting resources and declining crop productions. They link the destruction to the climate variations, which they urge the government and researchers to identify the

Published 10 Sep, 2015 12:00am

Pilots Aero Medical Branch competent to recommend medical fitness: PCAA

Pilots Aero Medical Branch competent to recommend medical fitness: PCAA

Pakistan Civil Aviation Authority (PCAA) in a statement said that Aero Medical Branch is competent to give recommendations at its own regarding the medical fitness (class one) of pilots in accordance with already specified medical standards in ICAO Annex-

Published 10 Sep, 2015 12:00am

Partly Facetious: Nawaz disappointed by Zardari's statement

Partly Facetious: Nawaz disappointed by Zardari's statement

"Nawaz Sharif was disappointed at Zardari sahib's statement or so he said."

Published 10 Sep, 2015 12:00am

Transfers, postings in FBR

Transfers, postings in FBR

The Federal Board of Revenue (FBR) has transferred and posted 51 officials of Pakistan Customs Service (BS-19/20) with immediate effect.

Published 10 Sep, 2015 12:00am

Non-formal education sector: report underscores need for supplementing state's efforts

Non-formal education sector: report underscores need for supplementing state's efforts

With over five million primary children now out-of-schools in the country and the formal public and private education sectors' inability to cater to all children, the potential of the non-formal education sector to supplement the state's efforts to provid

Published 10 Sep, 2015 12:00am

Tribute paid to Professor Khalida Usmani

Tribute paid to Professor Khalida Usmani

Fatima Jinnah Medical University (FJMU) Vice Chancellor Professor (Dr) Sardar Fakhar Imam presided over a reference held at the FJMU convocation hall on Wednesday to pay tribute to former principal FJMC late Professor Khalida Usmani for her meritorious se

Published 10 Sep, 2015 12:00am

LHC turns down ECP's request

LHC turns down ECP's request

Lahore High Court Chief Justice Manzoor Ahmad Malik has turned down a request by the Election Commission of Pakistan to appoint district and additional sessions judges as election tribunals to deal with election petitions. "After examining the request fol

Published 10 Sep, 2015 12:00am

Hospital Waste Management: Punjab Health Department prepares comprehensive policy

Hospital Waste Management: Punjab Health Department prepares comprehensive policy

The Punjab Health Department has prepared a comprehensive policy for the "Hospital Waste Management" and committees for this purpose have been notified at the divisional, district and hospital level. The hospital's pilot project has completed in the Tehsi

Published 10 Sep, 2015 12:00am

SECP to hold investor education seminars at Riphah University: MoU inked

SECP to hold investor education seminars at Riphah University: MoU inked

The Securities and Exchange Commission of Pakistan (SECP) and Riphah International University Islamabad have signed on Wednesday a memorandum of understanding (MoU) to establish cooperation to conduct investor education seminars for students, at Riphah Un

Published 10 Sep, 2015 12:00am

Dar's forthcoming visit: Islamabad seeks enhanced economic cooperation from US

Dar's forthcoming visit: Islamabad seeks enhanced economic cooperation from US

Finance Minister Ishaq Dar Wednesday presided over a meeting of Finance Ministry officials to discuss his forthcoming visit to the US where he would be holding bilateral meetings with a view to seeking enhancement in overall Pak-US economic cooperation. T

Published 10 Sep, 2015 12:00am

Dawood Foundation ventures into environmental awareness

Dawood Foundation ventures into environmental awareness

The headlines are beginning to grow more ominous by the year. 'Pakistan is vulnerable to Climate Change.' 'Pakistan at increased risk due to global warming.' 'Pakistan's deforestation rate highest in the world.' Yet somehow, our national conscience hasn't

Published 10 Sep, 2015 12:00am

New office-bearers of PTEA elected unopposed

New office-bearers of PTEA elected unopposed

Sheikh Asghar Ali has been elected unopposed as Chairman of Pakistan Textile Exporters Association (PTEA), while Rizwan Ihsan and Arif Mahmood Qureshi were elected Senior Vice Chairman and Vice Chairman, respectively for the next term. According to the PT

Published 10 Sep, 2015 12:00am

Wattoo expresses solidarity with traders

Wattoo expresses solidarity with traders

The Pakistan Peoples' Party in the Punjab has expressed solidarity with protesting traders and demanded that the withholding tax be dropped. Party President Manzoor Wattoo, who was critical of the tax, claimed on Wednesday that the lingering protests were

Published 10 Sep, 2015 12:00am

LCCI seeks withdrawal of WHT on bank transactions

LCCI seeks withdrawal of WHT on bank transactions

The Lahore Chamber of Commerce and Industry (LCCI) has termed the anti-tax general strike "an eye-opener" for policy makers and demanded that the government drop it at once. Vice-President Syed Mahmood Ghaznavi said the one-day strike had caused a loss of

Published 10 Sep, 2015 12:00am

WHT on banking transactions: traders observe countrywide strike

Currency

WHT on banking transactions: traders observe countrywide strike

Traders on Wednesday observed complete shutter down strike across the country against the 0.6 percent withholding tax on all banking transactions to be implemented from September 30, while the current rate is 0.3 percent. All Pakistan Tajir Ettehad (APTE)

Published 10 Sep, 2015 12:00am

Maleeha for stepping up efforts towards implementing new global development goals

Maleeha for stepping up efforts towards implementing new global development goals

Pakistan's Ambassador to the UN, Maleeha Lodhi, speaking in her capacity as Unicef Executive Board's President, Tuesday gave a clarion call for all concerned to prepare for the implementation of the international community's new sustainable development go

Published 10 Sep, 2015 12:00am

Traders to have direct links with counterparts in South Africa: HC

Traders to have direct links with counterparts in South Africa: HC

High Commission of South Africa will facilitate Pakistani business community to have direct links with their counterparts in South Africa to give quantum jump to the bilateral trade between the two countries, said Mpendulo Jele High Commissioner of South

Published 10 Sep, 2015 12:00am

806 (BS-16) officials: FBR discontinues performance allowance

806 (BS-16) officials: FBR discontinues performance allowance

The Federal Board of Revenue (FBR) has discontinued performance allowance of 806 (BS-16) officials of Customs Department belonging to various cadres. According to a notification issued by the FBR here on Thursday, on failure to comply with the instruction

Published 10 Sep, 2015 12:00am

MQM leader Qamar Mansoor released

MQM leader Qamar Mansoor released

Rangers on Wednesday released a leader of Muttahida Qaumi Movement (MQM), Qamar Mansoor, after keeping him under their custody for 45 days. According to the paramilitary force, he has been released on humanitarian ground. Shortly after his release, MQM's

Published 10 Sep, 2015 12:00am

Allied Bank donates Rs 10 million to PIC

Allied Bank donates Rs 10 million to PIC

Allied Bank has donated Rs 10 million to Punjab Institute of Cardiology (PIC) for the expansion of its emergency block, which would enhance its present capacity from 14 beds to 100 beds. In a simple ceremony held at PIC, Tahir Yaqoob Bhatti, Chief Commerc

Published 10 Sep, 2015 12:00am

Budgetary allocations in Balochistan: SAT members hail effort towards creating awareness among people

Budgetary allocations in Balochistan: SAT members hail effort towards creating awareness among people

Members of Social Audit Team (SAT) constituted for 19-month long initiative for creating awareness among the local population of Balochistan regarding budgetary allocation for various public departments on Wednesday claimed that the programme was very eff

Published 10 Sep, 2015 12:00am

Plan to blow up rail track foiled

Plan to blow up rail track foiled

Police foiled a bid to blow up railway track and recovered a bomb weighing seven kilogram here on Wednesday. Police said that unidentified miscreants had planted 7kg bomb with railway track in Rajanpur which was recovered by police and later on defused by

Published 10 Sep, 2015 12:00am

'New aviation policy aims at creating jobs, boosts exports'

'New aviation policy aims at creating jobs, boosts exports'

New Aviation Policy 2015 aims at creating local job opportunities, boosts, exports and revenue generation for bringing Pakistan at par with international aviation standards. Pakistan Civil Aviation Authority (PCAA) will earn revenue either in shape of ann

Published 10 Sep, 2015 12:00am

ISIS threatens security of Afghanistan, Pakistan: envoy

ISIS threatens security of Afghanistan, Pakistan: envoy

Afghanistan Ambassador to Pakistan Janan Mosazai has said Afghans have suffered heavily from outside proxy games as it remained the front line state in the fight against terrorism and extremism. He was speaking at a seminar titled, "Social transformation

Published 10 Sep, 2015 12:00am

Upper Dir by-election 'women to be facilitated to exercise their franchises'

Upper Dir by-election 'women to be facilitated to exercise their franchises'

Khyber Pakhtunkhwa Minister for Finance, Muzzafar Said Advocate has said that women would be provided full facility and opportunity for casting their constitutional right to vote in the by-election of PK-93, Wari, Upper Dir-III. He said this while address

Published 10 Sep, 2015 12:00am

IGP suspends two officials for violating rules

IGP suspends two officials for violating rules

-The Inspector General of Police (IGP), Nasir Khan Durrani suspended a DSP and an Inspector on charges of violating rules and procedures and receiving illegal gratification in an abduction case and further ordered departmental inquiry against them. A comp

Published 10 Sep, 2015 12:00am

War on terror being fought for country's sovereignty: KP Governor

War on terror being fought for country's sovereignty: KP Governor

Governor Khyber Pakhtunkhwa Sardar Mahtab Ahmad Khan has said the war against terrorism and militancy in the tribal region is being fought for the sovereignty and integrity of Pakistan adding that whole the Nation stood united with the Pak Army and securi

Published 10 Sep, 2015 12:00am

FCA may review Kharif crop output position by month-end

Cotton

FCA may review Kharif crop output position by month-end

The next meeting of the Federal Committee on Agriculture (FCA) is likely to be held by the end of this month to review Kharif crop production position and fix Rabi crop targets. An official of the Ministry of National Food Security and Research MNS&RS tol

Published 10 Sep, 2015 12:00am

Prime Minister condoles death

Prime Minister condoles death

Prime Minister Muhammad Nawaz Sharif on Wednesday expressed condolence over the death of wife of Senator Raja Zafar Ul Haq. The Prime Minister prayed for eternal peace of the departed soul and commiserated with the bereaved family, a PM office statement s

Published 10 Sep, 2015 12:00am

KCCI polls to be held on September 19

KCCI polls to be held on September 19

Election for the office-bearers of Karachi Chamber of Commerce and Industry (KCCI) for the year 2015-16 will be held on Saturday (September 19), while its annual general body meeting is scheduled for September 30. Meanwhile, all the 15 candidates who had

Published 10 Sep, 2015 12:00am

Pakistani mangoes attract crowds at Mango Tasting Festival in Japan

Pakistani mangoes attract crowds at Mango Tasting Festival in Japan

Pakistani mangoes that enjoy unique position in the global market due to their exquisite taste, distinct flavour and sweetness, pulled crowds of mango lovers at the Mango Tasting Event at the Embassy of Pakistan in Japan. It was part of a series of events

Published 10 Sep, 2015 12:00am

Three-day trainees visit to leather embroidery

Three-day trainees visit to leather embroidery

A three-day visit of 20 trainees was held for exposure to leather embroidery in Lahore to learn then new trends, designs and to develop modern brands and prices of different products. The trainers were getting training in Skill Enhancement and Livelihood

Published 10 Sep, 2015 12:00am

Training programme on 'University functional rules, budget & cash flow' held

Training programme on 'University functional rules, budget & cash flow' held

A three-days training program on 'University functional rules, budget and Cash flow' was held at the Agriculture University of Peshawar (AUP), here on Wednesday. The training was conducted by the university Quality Enhancement Cell (QEC) in collaboration

Published 10 Sep, 2015 12:00am

PIMA condemns torture, arrests of doctors

PIMA condemns torture, arrests of doctors

Pakistan Islamic Medical Association (PIMA) has strongly condemned the use of state force, torture and arrests of doctors and paramedical staff in Peshawar and Islamabad. The association urged the government and protesting doctors to end the crisis by hol

Published 10 Sep, 2015 12:00am

Children aged 5 to 16: Legislation to provide free, compulsory education demanded

Children aged 5 to 16: Legislation to provide free, compulsory education demanded

Participants of a district-level All Parties conference have called for making legislation in light of Article 25-A of the Constitution to guarantee the provision of free and compulsory education to children from the age of 5 to 16 years in the province.

Published 10 Sep, 2015 12:00am

Nandipur power project: Power sector experts reject Khawaja Asif's claim

Nandipur power project: Power sector experts reject Khawaja Asif's claim

The Punjab government has replaced the operative part of the fuel treatment plant for the Nandipur power project in 2014, say power sector experts. They have rejected Federal Minister for Defence, Water and Power Khawaja Mohammad Asif's earlier claim that

Published 10 Sep, 2015 12:00am

LHC stays GST recovery on advocates' fees

LHC stays GST recovery on advocates' fees

The Lahore High Court has stayed the recovery of the general sales tax on professional fees of advocates and issued notices to the federal and the provincial governments. The court told law officers to help it in the next hearing. Lahore High Court Bar, L

Published 10 Sep, 2015 12:00am

Defence Day Navy celebrates Golden Jubilee

Defence Day Navy celebrates Golden Jubilee

Pakistan Navy is celebrating the Golden Jubilee of Defence Day of Pakistan with due solemnity and reverence. For this purpose, a number of activities are being conducted to commemorate supreme sacrifices of our Armed Forces and national heroes who stood a

Published 10 Sep, 2015 12:00am

Sarwar asks ECP to stop acting as 'government's B team'

Sarwar asks ECP to stop acting as 'government's B team'

Punjab Pakistan Tehreek-e-Insaf organiser Chaudhary Sarwar has suggested that the Election Commission stop acting as "the ruling government's B team". He has warned that his party will stage a general protest in the province against the Election Commissio

Published 10 Sep, 2015 12:00am

JI condemns killings of media workers

JI condemns killings of media workers

Ameer, Jamaat e Islami, Pakistan, Senator Sirajul Haq, JI Secretary General, Liaqat Baloch and JI Information Secretary, Ameerul Azeem, have strongly condemned the attack at the GEO News DSNG van, and the assassination of senior journalist Aftab Alam and

Published 10 Sep, 2015 12:00am

Hamza inaugurates self-employment scheme

Hamza inaugurates self-employment scheme

Central leader of Pakistan Muslim League-N Hamza Shahbaz Sharif, MNA inaugurated Self-Employment Scheme with the cooperation of Zakat and Ushr Department and TEVTA, here on Wednesday with the distribution of Rs 50,000/= each to 205 persons in the first ph

Published 10 Sep, 2015 12:00am

LHC rejects bail application of terror suspect

LHC rejects bail application of terror suspect

The Lahore High Court has rejected a bail petition by a prime terror man suspected of being part of the al Qaeda in Lahore. In his defence, Hasan Zaheer told the court on Wednesday that he had nothing to do with terror and that he had no links with the te

Published 10 Sep, 2015 12:00am

Presence of Turkish Airlines to strengthen contacts: chief minister

Presence of Turkish Airlines to strengthen contacts: chief minister

A delegation of investors led by Chairman Board of Directors of Albayrak group of companies, Turkey, Ahmet Albayrak met Punjab Chief Minister Muhammad Shehbaz Sharif, here on Wednesday. Matters regarding promotion of cooperation in solid waste management,

Published 10 Sep, 2015 12:00am

CM reviews Chiniot-Rajwa mineral project

CM reviews Chiniot-Rajwa mineral project

Punjab Chief Minister Muhammad Shehbaz Sharif presided over a high level meeting here Wednesday which reviewed progress on the project of mineral reserves in Chiniot-Rajwa. Addressing the meeting, the Chief Minister said that Minerals Department will have

Published 10 Sep, 2015 12:00am

SECP's appellate bench gives clean chit to KSE

SECP's appellate bench gives clean chit to KSE

The Appellate Bench of the Securities and Exchange Commission of Pakistan (SECP) has declared that the Karachi Stock Exchange (KSE) has demonstrated its ability to diligently perform functions and duties towards protection of investors with the exception

Published 10 Sep, 2015 12:00am

TV rating controversy: PBA explains salient features of issue

TV rating controversy: PBA explains salient features of issue

The Board of Directors of Pakistan Broadcasters Association (PBA) met yesterday in continuation of Television Audience Measurement (TAM) tampering investigation that the Board had been undertaking since August 1. The meeting was 4th in a series of Board m

Published 10 Sep, 2015 12:00am

Nandipur power project: NAB should take action: Shahbaz

Nandipur power project: NAB should take action: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif has said that Pakistan Muslim League-N government led by Prime Minister Muhammad Nawaz Sharif has worked round the clock on energy projects during last two years. He said that the sincere efforts made for the

Published 10 Sep, 2015 12:00am

Cotton falls in light volume

Cotton

Cotton falls in light volume

ICE cotton fell during the settlement period on Wednesday but remained within the prior session's trading range in light volume as traders hesitated to take large positions ahead of the US government supply and demand report expected Friday. "People are k

Published 10 Sep, 2015 12:00am

Shanghai copper rallies

Shanghai copper rallies

Shanghai Futures Exchange copper rallied more than 5 percent at one point before ending up 4.4 percent at 41,140 yuan ($6,452) on Wednesday, having hit a two-month peak at 41,550. Prices broke the 100-day moving average, which sent a buy signal to momentu

Published 10 Sep, 2015 12:00am

Copper climbs to seven-week high, China worries persist

Copper climbs to seven-week high, China worries persist

Copper scaled a seven-week high on Wednesday on expectations of tighter supplies, though the rally could be short-lived without improvements in demand from top consumer China or more substantial production cuts. Benchmark copper on the London Metal Exchan

Published 10 Sep, 2015 12:00am

Rubber rises

Rubber rises

Benchmark Tokyo rubber futures ended 4 percent higher on Wednesday, as Japanese equities posted their biggest one-day gain since the height of the global financial crisis in 2008 and the yen weakened against the dollar. The Tokyo Commodity Exchange rubber

Published 10 Sep, 2015 12:00am

Rotterdam vegetable oil prices

Vegetable Oil

Rotterdam vegetable oil prices

Wednesday's Rotterdam vegetable oil prices at 1600 GMT:

Published 10 Sep, 2015 12:00am

Rotterdam vegetable oil prices

Vegetable Oil

Rotterdam vegetable oil prices

Wednesday's Rotterdam vegetable oil prices at 1600 GMT:

Published 10 Sep, 2015 12:00am

Grain, soya futures up on US harvest uncertainty, short-covering

Grain, soya futures up on US harvest uncertainty, short-covering

US grain and soyabean futures jumped on Tuesday on expectations that the US Agriculture Department may lower its domestic harvest estimates at the end of the week. Short-covering in the markets ahead of the release of Agriculture Department (USDA) crop re

Published 10 Sep, 2015 12:00am

Palm oil touches six-week high

Vegetable Oil

Palm oil touches six-week high

Malaysian palm oil futures hit a six-week high on Wednesday, supported by short-covering and technical buying ahead of production data due later this week. By the close, the benchmark November contract on the Bursa Malaysia Derivatives exchange ended 1.1

Published 10 Sep, 2015 12:00am

Raw sugar rallies, cocoa at seven-week highs

Raw sugar rallies, cocoa at seven-week highs

New York raw sugar futures on ICE jumped more than 3 percent on Wednesday, breaking a two-day streak lower on support from rains in top grower Brazil, while data from the country's main cane region was largely within expectations. Cocoa futures rose to se

Published 10 Sep, 2015 12:00am

Gold edges up in New York

Gold edges up in New York

Gold firmed on Tuesday as a retreat in the dollar index helped the metal snap a four-day losing streak, but bullion remained close to 3-week lows as uncertainty over a looming US interest rate hike persisted. Spot gold was up 0.2 percent at $1,121.10 an o

Published 10 Sep, 2015 12:00am

Gold rises in Asia

Gold rises in Asia

Gold held above a three-week low on Wednesday as the dollar nursed losses, but prices remained range-bound as traders waited for direction from the Federal Reserve on the timing of a US interest rate hike. Spot gold had edged up 0.1 percent to $1,122.50 a

Published 10 Sep, 2015 12:00am

Gold falls in Europe

Gold falls in Europe

Gold fell to a three-week low on Wednesday as stock markets strengthened and the dollar firmed, though prices remained hemmed into a narrow range ahead of next week's Federal Reserve meeting. The gold market will be closely watching the US central bank's

Published 10 Sep, 2015 12:00am

US MIDDAY: soya drops

US MIDDAY: soya drops

US soyabean futures dipped early on Wednesday on better-than-expected US crop ratings and concerns about sluggish export demand. Wheat futures also declined, while corn traded near unchanged. Soyabeans pulled back after rising on Tuesday on expectations t

Published 10 Sep, 2015 12:00am

US MIDDAY: gold at four-week low

US MIDDAY: gold at four-week low

Gold fell to a four-week low early on Wednesday as stock markets strengthened and the dollar firmed, though prices remained hemmed into a narrow range ahead of next week's Federal Reserve meeting. The gold market will be closely watching the US central ba

Published 10 Sep, 2015 12:00am

HEC: No bending of regulations in the sell-off process

HEC: No bending of regulations in the sell-off process

Representatives of the Privatisation Commission provided all relevant information to negate any wrong perceptions that the Heavy Electrical Complex (HEC) was sold at a nominal price and that there had been any wrong-doing in the privatisation process by s

Published 10 Sep, 2015 12:00am

Discrimination against women keeps countries poorer

Discrimination against women keeps countries poorer

In 100 countries around the world, women are barred from doing certain work solely because they are women. Over 150 countries have at least one law that is discriminatory towards women. And only 18 countries are free of any law disadvantaging women.

Published 10 Sep, 2015 12:00am

Determining the character of income from other sources

Determining the character of income from other sources

Issues relating to direct taxes are often confused when these are viewed and considered from accounting angles. For example, accounting practices treat different business activities in accordance with accounting standards, however, the problem arises wher

Published 10 Sep, 2015 12:00am

VIEW POINT: Putting the squeeze on seminaries

VIEW POINT: Putting the squeeze on seminaries

Prime Minister Nawaz Sharif had a productive meeting on Monday with representatives of the Ittehad-e-Tanzeemat-e-Madaris Pakistan (ITMP) to decide future course of action for the seminaries. Thus far these people vehemently refused to follow the rules app

Published 10 Sep, 2015 12:00am

Opportunistic politics

Opportunistic politics

Lust for political power remains savage everywhere, but the price it exacts in Pakistan on the contending parties' ideological commitments is rather high. Not years, nor even months it would take a party just a week or a couple of days to cross the floor

Published 10 Sep, 2015 12:00am

FBR encroachment on provincial revenue?

FBR encroachment on provincial revenue?

The four provinces, including Punjab, have unanimously accused the federal government of encroaching on provincial taxes through the levy of withholding tax on automobiles, telecommunications, cash transactions, as well as on rental income through the Fin

Published 10 Sep, 2015 12:00am

Oil falls as supply glut, demand concerns apply pressure

Oil falls as supply glut, demand concerns apply pressure

Oil prices fell nearly 4 percent on Wednesday, pressured by ample supply and concerns about demand being curbed by slowing economic growth. Oil futures extended losses as US equities turned lower after the prospect of economic stimulus from China boosted

Published 10 Sep, 2015 12:00am

Protests outside Downing Street over Netanyahu's UK visit

Protests outside Downing Street over Netanyahu's UK visit

Pro-Palestinian and pro-Israeli demonstrators clashed outside British Prime Minister David Cameron's London residence on Wednesday ahead of a visit by Israeli Prime Minister Benjamin Netanyahu. Police officers separated the two groups into pens and took a

Published 10 Sep, 2015 12:00am

Protests outside Downing Street over Netanyahu's UK visit

Protests outside Downing Street over Netanyahu's UK visit

Pro-Palestinian and pro-Israeli demonstrators clashed outside British Prime Minister David Cameron's London residence on Wednesday ahead of a visit by Israeli Prime Minister Benjamin Netanyahu. Police officers separated the two groups into pens and took a

Published 10 Sep, 2015 12:00am

PAF jet crashes near Mastung, pilot unharmed

PAF jet crashes near Mastung, pilot unharmed

A Pakistan Air Force (PAF) fighter jet F-7 PG crashed near Mustang on Wednesday, with the pilot ejecting to safety. According to PAF spokesperson, the aircraft was on a routine training flight when it crashed after the engine caught fire. Fortunately, no

Published 10 Sep, 2015 12:00am

PAF jet crashes near Mastung, pilot unharmed

PAF jet crashes near Mastung, pilot unharmed

A Pakistan Air Force (PAF) fighter jet F-7 PG crashed near Mustang on Wednesday, with the pilot ejecting to safety. According to PAF spokesperson, the aircraft was on a routine training flight when it crashed after the engine caught fire. Fortunately, no

Published 10 Sep, 2015 12:00am

PBA condemns attacks on media workers

PBA condemns attacks on media workers

Pakistan Broadcasters Association condemns the armed attack and killings of media persons in Karachi and Peshawar during the last few days and calls upon the authorities to provide protection to media houses and its staff, says a press release issued on W

Published 10 Sep, 2015 12:00am

PBA condemns attacks on media workers

PBA condemns attacks on media workers

Pakistan Broadcasters Association condemns the armed attack and killings of media persons in Karachi and Peshawar during the last few days and calls upon the authorities to provide protection to media houses and its staff, says a press release issued on W

Published 10 Sep, 2015 12:00am

Sector-specific issues: economic team to hold talks with exporters today

Sector-specific issues: economic team to hold talks with exporters today

Federal government''s entire economic team will hold sector-wise consultation on Thursday (today) with all the exporters'' associations on export performance, sector-specific issues and future export enhancement strategy on the directives of Prime Ministe

Published 10 Sep, 2015 12:00am

Sector-specific issues: economic team to hold talks with exporters today

Sector-specific issues: economic team to hold talks with exporters today

Federal government's entire economic team will hold sector-wise consultation on Thursday (today) with all the exporters' associations on export performance, sector-specific issues and future export enhancement strategy on the directives of Prime Minister

Published 10 Sep, 2015 12:00am

The Weather

The Weather

The weather report on Wednesday (September 09, 2015) and the forecast for Thursday (September 10, 2015).

Published 10 Sep, 2015 12:00am

Sector-specific issues: economic team to hold talks with exporters today

Sector-specific issues: economic team to hold talks with exporters today

Federal government's entire economic team will hold sector-wise consultation on Thursday (today) with all the exporters' associations on export performance, sector-specific issues and future export enhancement strategy on the directives of Prime Minister

Published 10 Sep, 2015 12:00am

LME official prices

LME official prices

The following were Tuesday official prices.

Published 10 Sep, 2015 12:00am

Government investment: relatively higher inflow from dividends estimated

Government investment: relatively higher inflow from dividends estimated

The Finance Ministry has estimated a relatively higher inflow of Rs 88.122 billion from dividends on government investment for the current fiscal year in spite of divestment of government shares of four profitable state-owned entities. The government has

Published 10 Sep, 2015 12:00am

LME official prices

LME official prices

The following were Tuesday official prices.

Published 10 Sep, 2015 12:00am

Previous Day

Forex
World
Commodity

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

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

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 22	17,785
Gold 10 Grams PKR / Nov 22	240,483
Crude Oil USD/Barrel / Nov 23	71.24
Gold Spot USD/Ounce / Nov 23	2,716.19
Cotton US¢/pound / Nov 23	70.77
Petrol/Litre / Nov 24	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 24 786 Investments Limited(786)	6.82 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 24 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▼ 0.00 (0.00%)
Agro Allianz / Nov 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 24 Ali Asghar Textile Mills Limited(AATM)	70.89 ▼ 0.00 (0.00%)
Allied Bank / Nov 24 Allied Bank Limited(ABL)	120.21 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 24 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▼ 0.00 (0.00%)
Abson Ind. / Nov 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 24 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 24 786 Investments Limited(786)	6.82 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 24 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▲ 0.00 (0.00%)
Agro Allianz / Nov 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 24 Ali Asghar Textile Mills Limited(AATM)	70.89 ▲ 0.00 (0.00%)
Allied Bank / Nov 24 Allied Bank Limited(ABL)	120.21 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 24 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▲ 0.00 (0.00%)
Abson Ind. / Nov 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 24 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 24 Worldcall Telecom Limited(WTL)	177,135,830 ▲ 0.00
K-Electric Ltd. / Nov 24 K-Electric Limited(KEL)	124,131,268 ▲ 0.00
Hascol Petrol / Nov 24 Hascol Petroleum Limited(HASCOL)	105,013,176 ▲ 0.00
Fauji Foods Ltd / Nov 24 Fauji Foods Limited(FFL)	77,697,371 ▲ 0.00
Treet Battery / Nov 24 Treet Battery Limited(TBL)	43,783,366 ▲ 0.00
B.O.Punjab / Nov 24 The Bank of Punjab(BOP)	36,573,763 ▲ 0.00
Sui South Gas / Nov 24 Sui Southern Gas Company Limited(SSGC)	32,719,678 ▲ 0.00
PIA Holding Co.Ltd / Nov 24 PIA Holding Company Limited(PIAHCLA)	27,969,689 ▲ 0.00
Cnergyico PK / Nov 24 Cnergyico PK Limited(CNERGY)	25,874,820 ▲ 0.00

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NJLI Sarmaya Growth Fund Rates

FBR seeks compulsory retirement regime to clear ‘dead wood’

FBR seeks compulsory retirement regime to clear ‘dead wood’

Cars on the cards

Cars on the cards

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

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

Aleem apprised of challenges facing SEZs

Aleem apprised of challenges facing SEZs

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

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

Selling gas to third parties

Selling gas to third parties

Arrests made as PTI convoys en route to Islamabad for protest

Arrests made as PTI convoys en route to Islamabad for protest

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

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