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Print - 2015-09-17
Vigorous anti-dengue campaign directed
Cotton

Vigorous anti-dengue campaign directed

The Punjab chief secretary has ordered a more vigorous anti-dengue campaign in the province, saying strict implementation of instructions must be ensured minus negligence. In a speech to a meeting Khizar Hayyat Gondal chaired at Civil Secretariat on Wedne
Published 17 Sep, 2015 12:00am
Hydel power generation rises to record 6,884 megawatts

Hydel power generation rises to record 6,884 megawatts

In what can be termed historic development, hydel electricity generation from the hydel power stations owned and operated by the Pakistan Water and Power Development Authority (WAPDA) rose to 6884 megawatt (MW) during the peak hours Tuesday, which is high
Published 17 Sep, 2015 12:00am
'100,000 Tevta's skilled workers will be sent to Qatar in three years'

'100,000 Tevta's skilled workers will be sent to Qatar in three years'

"Getting jobs for the Tevta's skilled workers is our top priority. The authority will manage export of its trainees to Qatar. Up to 100,000 skilled workers will be sent to Qatar in three years in phases. This skilled manpower will work for the constructio
Published 17 Sep, 2015 12:00am
Suspension of gas in winter: business community slams decision

Suspension of gas in winter: business community slams decision

The business community of Multan has strongly resented over the injudicious decision of ministry of petroleum for suspension of gas for industries in winter and termed the move unilateral and arrogant. Government should shelve its gas outage plan to bring
Published 17 Sep, 2015 12:00am
Speakers for handling CPEC through public-private partnership

Speakers for handling CPEC through public-private partnership

Speakers in a seminar on "China-Pak Economic Corridor - Private Sector" are unanimous that the China-Pak Economic Corridor could signal a new era of progress and prosperity in the country, but the corridor should be handled through the public-private part
Published 17 Sep, 2015 12:00am
US delegation hails NCL progress

US delegation hails NCL progress

US Strategic Export Controls experts on Wednesday appreciated the progress on harmonisation of Pakistan's National Control Lists (NCL) with those of the lists of the international export control regimes. They also praised the steps taken by Pakistan to ke
Published 17 Sep, 2015 12:00am
Anti-polio drive: secretary health urges vaccination of IDPs' children

Anti-polio drive: secretary health urges vaccination of IDPs' children

Secretary Health Khyber Pakhtunkhwa Mustaq Jadoon, Co-ordinator Emergency Operation Center KP Akbar Khan and representatives of partner organisations visited union council Pajagi to monitor the three-day anti-polio drive that is currently underway in the
Published 17 Sep, 2015 12:00am
Attractive incentive packages being given to industrialists: KP governor

Attractive incentive packages being given to industrialists: KP governor

Khyber Pakhtunkhwa Governor Sardar Mahtab Ahmed Khan on Wednesday said that the government was giving attractive incentive packages to industrialists and billions of rupees were being spent on infrastructure development schemes. He said this while inaugur
Published 17 Sep, 2015 12:00am
Dastgir offers SCO members to use Pakistani ports after CPEC

Dastgir offers SCO members to use Pakistani ports after CPEC

Federal Minister for Commerce, Engr Khurram Dastgir Khan has offered the members of Shanghai Co-operation Organisation (SCO) to use Pakistani ports once the China Pakistan Economic Corridor is complete to get access to trade routes through Arabian Sea. He
Published 17 Sep, 2015 12:00am
Canadian HC meets Sandhu

Canadian HC meets Sandhu

Canadian High Commissioner in Pakistan, Heather Cruden met Punjab Minister for Minorities Affairs and Human Rights Khalil Tahir Sandhu on Wednesday to discuss matters of mutual interest. The minister informed him about measures taken by the Provincial Dep
Published 17 Sep, 2015 12:00am
PAAPAM leader praises incentives for farmers

PAAPAM leader praises incentives for farmers

Senior Vice Chairman of Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) Mumshad Ali has lauded the incentives announced for the farmers by Prime Minister Nawaz Sharif and said it is a very good news for the tractor and vend
Published 17 Sep, 2015 12:00am
Package guarantees prosperity of farmers: Shahbaz

Package guarantees prosperity of farmers: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif has said progress and prosperity of the country is the mission of Pakistan Muslim League-N government and sincere efforts have been made in this regard during past two years. He said Pakistan Muslim League-N g
Published 17 Sep, 2015 12:00am
'Land record of co-operative societies being computerised'

'Land record of co-operative societies being computerised'

Provincial Minister for Co-operatives, Malik Muhammad Iqbal Channer has said that land record of all co-operative societies of the province is being computerised at a cost Rs 95.34 million while new development schemes will be completed with a sum of Rs 2
Published 17 Sep, 2015 12:00am
ICAP council elects new office-bearers

ICAP council elects new office-bearers

Hafiz Mohammad Yousaf has been unanimously elected as president of council of the Institute of Chartered Accountants of Pakistan (ICAP) for 2015-16 while Nadeem Yousuf Adil and Hidayat Ali have been elected as vice president-South and vice president-North
Published 17 Sep, 2015 12:00am
LHC constitutes 'Climate Change Commission'

LHC constitutes 'Climate Change Commission'

-The Lahore High Court has constituted a "Climate Change Commission" for effective implementation of National Climate Change Policy, 2012 (NCCP) and the framework for Implementation of Climate Change Policy (2014-2030). Dr Pervaiz Hasan advocate would hea
Published 17 Sep, 2015 12:00am
MD SNGPL Arif Hameed resigns

MD SNGPL Arif Hameed resigns

The managing director of the Sui Northern Gas Pipelines Limited has resigned following a controversy over his dismissal by the government which was then followed by his restoration by the Lahore High Court. Sources said Arif Hameed gave his resignation on
Published 17 Sep, 2015 12:00am
Separate exit control policy to be chalked out for foreigners: Nisar

Separate exit control policy to be chalked out for foreigners: Nisar

Interior Minister Chaudhry Nisar Ali Khan on Wednesday said a separate exit control policy would be chalked out for foreigners residing in Pakistan for one reason or the other. Names of about 5000 people have been removed from the new Exit Control List (E
Published 17 Sep, 2015 12:00am
LHC seeks reply from federal government by October 6

LHC seeks reply from federal government by October 6

The Lahore High Court (LHC) on Wednesday sought reply from the federal government by October 6 in a number of petitions praying to quash FIRs registered by Federal Investigation Agency (FIA) under Copyright Act. The petitioners pointed out that FIA was ca
Published 17 Sep, 2015 12:00am
US Ambassador pays farewell call on Fatemi

US Ambassador pays farewell call on Fatemi

US Ambassador Richard Olson paid a farewell call on the Special Assistant to the Prime Minister on Foreign Affairs Syed Tariq Fatemi today. The Special Assistant appreciated the positive contribution of Ambassador Olson to the development of Pakistan-US r
Published 17 Sep, 2015 12:00am
Russian E&P companies keen to invest in oil/gas sector

Russian E&P companies keen to invest in oil/gas sector

Top Russian oil/gas exploration and production (E&P) companies are mulling to invest in the upstream and downstream oil/gas sector of Pakistan, officials from the Ministry of Petroleum said on Wednesday. According to the officials, following the massive i
Published 17 Sep, 2015 12:00am
KIU organises international conference

KIU organises international conference

Karakoram International University Gilgit-Baltistan (KIU), in collaboration with WWF-Pakistan, International Centre for Integrated Mountain Development (ICIMOD), Integrated Mountain Area Research Center (IMARC), EV-K2-CNR; NORHED, Department of Agricultur
Published 17 Sep, 2015 12:00am
Cotton rises as producers hold back ahead of harvest
Cotton

Cotton rises as producers hold back ahead of harvest

ICE cotton futures inched up on Wednesday as producers held back on pricing their crops at current levels, which are near the bottom of the recent trading range. The main harvest period will come into full swing in the coming weeks and "growers aren't eag
Published 17 Sep, 2015 12:00am
Shanghai copper jumps

Shanghai copper jumps

Shanghai Futures Exchange copper rallied by 1.1 percent to 40,950 yuan ($6,430) a tonne on Wednesday, tracking a surge in China equities. "Our expectation is that the Fed is probably going to hold off until the end of the year to get a better read on how
Published 17 Sep, 2015 12:00am
Copper moves higher

Copper moves higher

Copper prices gained on Wednesday as the dollar weakened ahead of a US interest rate decision and after a stock market rally in major consumer China. A softer US dollar exchange rate against a basket of currencies helped support metals markets after US co
Published 17 Sep, 2015 12:00am
Oil rallies on large US drawdown, Fed speculation

Oil rallies on large US drawdown, Fed speculation

Oil prices jumped as much as 6 percent on Wednesday, after the largest US crude drawdown in seven months at the key delivery point in Cushing, Oklahoma fed a new round of market volatility. Oil bulls were also encouraged by doubts on whether the Federal R
Published 17 Sep, 2015 12:00am
Rubber surges

Rubber surges

Benchmark Tokyo rubber futures bounced back on Wednesday on the back of higher stock prices in Tokyo and Shanghai, but gains were capped as investors were hesitant to take big fresh positions ahead of the US Federal Reserve's policy decision. The Tokyo Co
Published 17 Sep, 2015 12:00am
The Weather

The Weather

The weather report on Wednesday (September 16, 2015) and the forecast for Thursday (September 17, 2015).

Published 17 Sep, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (September 16, 2015).

Published 17 Sep, 2015 12:00am
Soyabeans climb as condition of US crop declines

Soyabeans climb as condition of US crop declines

US soyabeans rose to a three-week high on Tuesday, underpinned by a US Department of Agriculture report showing a slight deterioration in crop ratings that could result in lower yields. Wheat and corn declined at the Chicago Board of Trade in relatively t
Published 17 Sep, 2015 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 17 Sep, 2015 12:00am
Raw sugar up, arabica turns down
Currency

Raw sugar up, arabica turns down

Raw sugar futures on ICE firmed on Wednesday, supported slightly by a stronger Brazilian currency, while arabica coffee turned lower and cocoa prices pared gains the day before an eagerly awaited statement from the US Federal Reserve. All contracts traded
Published 17 Sep, 2015 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 17 Sep, 2015 12:00am
Gold down in New York

Gold down in New York

Gold eased back toward last week's one-month low on Tuesday as US retail sales data lifted the dollar index, and as caution ahead of this week's Federal Reserve announcement on interest rates kept buyers on the sidelines. The Fed meets on Wednesday and Th
Published 17 Sep, 2015 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (September 16, 2015).

Published 17 Sep, 2015 12:00am
Gold little changed in Asia

Gold little changed in Asia

Gold struggled to break out of a tight range near a one-month low on Wednesday, as investors waited to hear the outlook for US interest rates from a Federal Reserve policy meeting that kicks off later in the session. Spot gold was little changed at $1,105
Published 17 Sep, 2015 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (September 16, 2015)

Published 17 Sep, 2015 12:00am
Gold rises in Europe

Gold rises in Europe

Gold rose on Wednesday after data showing a surprise drop in US inflation last month dented expectations that the Federal Reserve will decide to increase interest rates for the first time in nearly a decade this week. The Labour Department said its consum
Published 17 Sep, 2015 12:00am
US MIDDAY: corn and wheat fall

US MIDDAY: corn and wheat fall

US grains were lower on Wednesday, with both corn and wheat easing more than 1 percent, putting them on pace for their second straight session of declines on pressure from the advancing corn harvest and plentiful global grain supplies. Soyabeans were narr
Published 17 Sep, 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 Wednesday (September 16, 2015).

Published 17 Sep, 2015 12:00am
US MIDDAY: gold surges

US MIDDAY: gold surges

Gold rallied more than 1 percent on Wednesday after data showing a surprise drop in US inflation last month dented expectations that the Federal Reserve this week will decide to increase interest rates for the first time in nearly a decade. US consumer pr
Published 17 Sep, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (September 16, 2015).

Published 17 Sep, 2015 12:00am
'Census a must for 2016'

'Census a must for 2016'

This refers to a Business Recorder editorial "Census a must for 2016" carried by the newspaper last week. It has concluded by stating that "any further postponement in holding the CCI meeting or the census would simply be counter-productive as it w
Published 17 Sep, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (September 16, 2015).

Published 17 Sep, 2015 12:00am
From exile, a divisive figure rattles Palestinian politics

From exile, a divisive figure rattles Palestinian politics

He is in the view of some Palestinians, and perhaps his own mind, the man who would be king. From his roots in a Gaza refugee camp, Mohammed Dahlan scrambled to the top of Palestinian politics by his early 40s, backed by a reputation as a charismatic enfo
Published 17 Sep, 2015 12:00am
With Brexit deadlines tight, EU-UK talks start slow
Currency

With Brexit deadlines tight, EU-UK talks start slow

Jeremy Corbyn and George Osborne have combined to remind Europe that London is now fully embarked on a turbulent, quickfire negotiation with Brussels that may see Britons vote next year to quit the European Union. As Osborne was in Luxembourg on Saturday
Published 17 Sep, 2015 12:00am
VIEW POINT: OIC and the Syrian exodus

VIEW POINT: OIC and the Syrian exodus

As hundreds of thousands of migrants, most of them Syrians escaping a long and brutal civil war at home, knocked at the doors of Europe arriving by ramshackle boats, many perishing at sea, to live in peace, the Ummah's supreme body, Organisation of Islami
Published 17 Sep, 2015 12:00am
THE RUPEE: little changes
Kerb

THE RUPEE: little changes

The rupee depicted a slight fall against the dollar on the money market on Wednesday in the process of trading, dealers said. The rupee shed three-paisa in terms of the dollar for buying and selling at Rs 104.37 >from page 1 and Rs 104.40 respectively, th
Published 17 Sep, 2015 12:00am
For rule of law

For rule of law

The job of converting intentions into actions remains an enormous challenge in today's democratic Pakistan. Chief Justice of Pakistan (CJP), Anwar Zaheer Jamali's speech at the opening ceremony of New Judicial Year on Monday and a PILDAT public opinion po
Published 17 Sep, 2015 12:00am
THE RUPEE: little changes
Kerb

THE RUPEE: little changes

The rupee depicted a slight fall against the dollar on the money market on Wednesday in the process of trading, dealers said. The rupee shed three-paisa in terms of the dollar for buying and selling at Rs 104.37 >from page 1 and Rs 104.40 respectively, th
Published 17 Sep, 2015 12:00am
Incentives for exporters
Currency

Incentives for exporters

The federal minister for finance, Ishaq Dar, while speaking to a delegation comprising representatives from the private sector, including the President of Federation of Pakistan Chambers of Commerce and Industry, President Saarc Chamber of Commerce, as we
Published 17 Sep, 2015 12:00am
Acquittal of Zardari: IHC seeks record of trial proceedings

Acquittal of Zardari: IHC seeks record of trial proceedings

Islamabad High Court (IHC) on Wednesday sought the record of trial proceedings of ARY and Ursus corruption reference from National Accountability Bureau (NAB) while hearing NAB's appeal against the acquittal of former president Asif Ali Zardari in
Published 17 Sep, 2015 12:00am
Acquittal of Zardari: IHC seeks record of trial proceedings

Acquittal of Zardari: IHC seeks record of trial proceedings

Islamabad High Court (IHC) on Wednesday sought the record of trial proceedings of ARY and Ursus corruption reference from National Accountability Bureau (NAB) while hearing NAB's appeal against the acquittal of former president Asif Ali Zardari in
Published 17 Sep, 2015 12:00am
Proposal under study to create Council of Financial Regulators

Proposal under study to create Council of Financial Regulators

A proposal is under consideration to create the Council of Financial Regulators that will provide a forum for open dialogue and discussion for microscopic analysis of development aspects, systemic risk as well as policy and structural issues negatively im
Published 17 Sep, 2015 12:00am
Proposal under study to create Council of Financial Regulators

Proposal under study to create Council of Financial Regulators

A proposal is under consideration to create the Council of Financial Regulators that will provide a forum for open dialogue and discussion for microscopic analysis of development aspects, systemic risk as well as policy and structural issues negatively im
Published 17 Sep, 2015 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (September 16, 2015).

Published 17 Sep, 2015 12:00am
Proposal under study to create Council of Financial Regulators

Proposal under study to create Council of Financial Regulators

A proposal is under consideration to create the Council of Financial Regulators that will provide a forum for open dialogue and discussion for microscopic analysis of development aspects, systemic risk as well as policy and structural issues negatively im
Published 17 Sep, 2015 12:00am
TCP''s cotton tender fails to attract a single bidder
Cotton

TCP''s cotton tender fails to attract a single bidder

Trading Corporation of Pakistan (TCP) scrapped its fifth cotton tender, as not a single bidder submitted bid for procurement of the commodity mainly due to 10 percent advance tax. Sources told Business Recorder on Wednesday that the imposition of 1
Published 17 Sep, 2015 12:00am
TCP's cotton tender fails to attract a single bidder
Cotton

TCP's cotton tender fails to attract a single bidder

Trading Corporation of Pakistan (TCP) scrapped its fifth cotton tender, as not a single bidder submitted bid for procurement of the commodity mainly due to 10 percent advance tax. Sources told Business Recorder on Wednesday that the imposition of 1
Published 17 Sep, 2015 12:00am
TCP's cotton tender fails to attract a single bidder
Cotton

TCP's cotton tender fails to attract a single bidder

Trading Corporation of Pakistan (TCP) scrapped its fifth cotton tender, as not a single bidder submitted bid for procurement of the commodity mainly due to 10 percent advance tax. Sources told Business Recorder on Wednesday that the imposition of 1
Published 17 Sep, 2015 12:00am
Mushahidullah's removal: Rabbani disallows adjournment motion

Mushahidullah's removal: Rabbani disallows adjournment motion

Chairman Senate Raza Rabbani on Wednesday rejected Pakistan People's Party (PPP) Senator Farhatullah Babar's adjournment motion through which he had sought a discussion over the statement of a PML-N minister who claimed that the head of a premier intellig
Published 17 Sep, 2015 12:00am
Mushahidullah's removal: Rabbani disallows adjournment motion

Mushahidullah's removal: Rabbani disallows adjournment motion

Chairman Senate Raza Rabbani on Wednesday rejected Pakistan People's Party (PPP) Senator Farhatullah Babar's adjournment motion through which he had sought a discussion over the statement of a PML-N minister who claimed that the head of a premier intellig
Published 17 Sep, 2015 12:00am
BOARD MEETINGS
Cotton

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 17 Sep, 2015 12:00am
Indian held Kashmir shuts down after killings

Indian held Kashmir shuts down after killings

Indian-held Kashmir largely shut down Wednesday after Kashmiri leaders called a strike in protest at the killing of three men whose bullet-riddled bodies were discovered in an orchard two days earlier. Police say the deceased were local 'militants' who we
Published 17 Sep, 2015 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 17 Sep, 2015 12:00am
Indian held Kashmir shuts down after killings

Indian held Kashmir shuts down after killings

Indian-held Kashmir largely shut down Wednesday after Kashmiri leaders called a strike in protest at the killing of three men whose bullet-riddled bodies were discovered in an orchard two days earlier. Police say the deceased were local 'militants' who we
Published 17 Sep, 2015 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 17 Sep, 2015 12:00am
Pakistan, Germany sign three agreements

Pakistan, Germany sign three agreements

Finance Minister Ishaq Dar and German Deputy Development Minister, Thomas Silberhorn signed three agreements worth 60 million euro (7 billion PKR). The agreements signed between the two countries are for German development co-operation for Pakistan throug
Published 17 Sep, 2015 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 17 Sep, 2015 12:00am
Pakistan, Germany sign three agreements

Pakistan, Germany sign three agreements

Finance Minister Ishaq Dar and German Deputy Development Minister, Thomas Silberhorn signed three agreements worth 60 million euro (7 billion PKR). The agreements signed between the two countries are for German development co-operation for Pakistan throug
Published 17 Sep, 2015 12:00am
Pakistan, Germany sign three agreements

Pakistan, Germany sign three agreements

Finance Minister Ishaq Dar and German Deputy Development Minister, Thomas Silberhorn signed three agreements worth 60 million euro (7 billion PKR). The agreements signed between the two countries are for German development co-operation for Pakistan throug
Published 17 Sep, 2015 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 17 Sep, 2015 12:00am
PSM, PMTF employees: ECC to approve payment of salaries today

PSM, PMTF employees: ECC to approve payment of salaries today

The Economic Co-ordination Committee (ECC) of the Cabinet which is scheduled to meet on Thursday (today) will approve payment of salaries to the employees of Pakistan Steel Mills (PSM) and Pakistan Machine Tool Factory (PMTF), Karachi, well informed sourc
Published 17 Sep, 2015 12:00am
PSM, PMTF employees: ECC to approve payment of salaries today

PSM, PMTF employees: ECC to approve payment of salaries today

The Economic Co-ordination Committee (ECC) of the Cabinet which is scheduled to meet on Thursday (today) will approve payment of salaries to the employees of Pakistan Steel Mills (PSM) and Pakistan Machine Tool Factory (PMTF), Karachi, well informed sourc
Published 17 Sep, 2015 12:00am
PSM, PMTF employees: ECC to approve payment of salaries today

PSM, PMTF employees: ECC to approve payment of salaries today

The Economic Co-ordination Committee (ECC) of the Cabinet which is scheduled to meet on Thursday (today) will approve payment of salaries to the employees of Pakistan Steel Mills (PSM) and Pakistan Machine Tool Factory (PMTF), Karachi, well informed sourc
Published 17 Sep, 2015 12:00am
Bourses asked to submit ''scheme of integration'' for approval

Bourses asked to submit ''scheme of integration'' for approval

The Securities and Exchange Commission of Pakistan (SECP) has directed the stock exchanges undergoing integration to submit ''scheme of integration'' for approval by the Commission. In this regard, the SECP has issued SRO.935(I)/2015 here on Wednesday to
Published 17 Sep, 2015 12:00am
Bourses asked to submit 'scheme of integration' for approval

Bourses asked to submit 'scheme of integration' for approval

The Securities and Exchange Commission of Pakistan (SECP) has directed the stock exchanges undergoing integration to submit 'scheme of integration' for approval by the Commission. In this regard, the SECP has issued SRO.935(I)/2015 here on Wednesday to am
Published 17 Sep, 2015 12:00am
Bourses asked to submit 'scheme of integration' for approval

Bourses asked to submit 'scheme of integration' for approval

The Securities and Exchange Commission of Pakistan (SECP) has directed the stock exchanges undergoing integration to submit 'scheme of integration' for approval by the Commission. In this regard, the SECP has issued SRO.935(I)/2015 here on Wednesday to am
Published 17 Sep, 2015 12:00am
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