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Print - 2015-10-14
PIA management asked to discard its car policy

PIA management asked to discard its car policy

Expressing its displeasure, a parliamentary panel on Tuesday directed the management of Pakistan International Airlines Corporation (PIA) to discard its policy of giving expensive cars on throwaway prices to its executives. A sub-committee of Public Accou
Published 14 Oct, 2015 12:00am
Ring Road cleared of encroachments

Ring Road cleared of encroachments

District administration demolished 300 shops, godowns, 350 boundary walls and 300 other temporary cabins in its anti-encroachment drive on both sides of 16-Kilometer section of Ring Road.
Published 14 Oct, 2015 12:00am
The Weather

The Weather

The weather report on Tuesday (October 13, 2015) and the forecast for Wednesday (October 14, 2015).

Published 14 Oct, 2015 12:00am
24 Health Department officers attend grade distribution event

24 Health Department officers attend grade distribution event

Twenty-four Sindh Health Department's mid-level and senior officers, who have successfully completed two courses on health management offered by the Aga Khan University while continuing to work, attended a grade distribution event. These courses were offe
Published 14 Oct, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (October 13, 2015).

Published 14 Oct, 2015 12:00am
MYC resolves to help maintain peace

MYC resolves to help maintain peace

Milli Yakjehti Council (MYC), a platform of religious parties to promote harmony, resolved to maintain peace and harmony during the month of Muharram-ul-Harram. The MYC organised a meeting on Monday at Jamaat-e-Islami (JI) Karachi headquarters to sort out
Published 14 Oct, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (October 13, 2015).

Published 14 Oct, 2015 12:00am
SHC disposes of Sindh government petition

SHC disposes of Sindh government petition

The Sindh government on Tuesday informed the High Court (SHC) that the governor of Sindh has withdrawn the notification of making Professor Naushad A Shaikh vice chancellor of the Dow University of Health & Sciences (DUHS). SHC bench headed by Justice Mun
Published 14 Oct, 2015 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 14 Oct, 2015 12:00am
By-elections: lesson to be learnt

By-elections: lesson to be learnt

This refers to Business Recorder editorial "Is this democracy affordable?" carried by the newspaper yesterday. It is true that never before in the parliamentary history of Pakistan a by-election witnessed so much sound and fury, not even the one to
Published 14 Oct, 2015 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 14 Oct, 2015 12:00am
Refugee influx to shake up Germany's Muslim community

Refugee influx to shake up Germany's Muslim community

Germany's Muslim community is bracing for a culture shock when masses of Arab migrants join millions of residents of Turkish origin. But experts suggest the change could be positive for it could broaden outlook, and say fears of Islamist radicalism may be
Published 14 Oct, 2015 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (October 13, 2015).

Published 14 Oct, 2015 12:00am
US firms blur investment picture by going 'lightweight'

US firms blur investment picture by going 'lightweight'

Kim Beck once considered owning his factory's big production machines a big part of being a manufacturer. Not anymore. The chief executive of Automatic Feed Co, an 80-worker Ohio company that makes machines for auto plants, now leases most of his factory
Published 14 Oct, 2015 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (October 13, 2015)

Published 14 Oct, 2015 12:00am
What's wrong with Nandipur project?

What's wrong with Nandipur project?

The government has once again sought an increase of more than 44 percent in the previously approved cost of this beleaguered power plant in its revised petition filed with Nepra to seek a tariff increase. The request is once again tied to the threat, that
Published 14 Oct, 2015 12:00am
Conditional civil N-deal?

Conditional civil N-deal?

If contents of a Washington Post op-ed are to be believed, a Catch-22 predicament awaits Prime Minister Nawaz Sharif when he meets President Obama later this month. Said to be an unofficial spokesman of the American government, the newspaper says Pakistan
Published 14 Oct, 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 Tuesday (October 13, 2015).

Published 14 Oct, 2015 12:00am
AIIB and CPEC

AIIB and CPEC

President-designate of Asian Infrastructure Investment Bank (AIIB), Jin Liqun, while speaking at a joint news conference with Federal Finance Minister Ishaq Dar, stated that China-Pakistan Economic Corridor (CPEC) will benefit not only Pakistan but the en
Published 14 Oct, 2015 12:00am
'28,850 special students enrolled in Punjab'

'28,850 special students enrolled in Punjab'

Punjab Minister for Special Education Asif Saeed Manhais has said that 28,850 special students (18,546 male and 10,304 female) have been enrolled in the institutions of Special Education. He said that 10,410 hearing impaired male and 6,344 female, visuall
Published 14 Oct, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (October 13, 2015).

Published 14 Oct, 2015 12:00am
ACE Faisalabad arrests 36 suspects

ACE Faisalabad arrests 36 suspects

The Anti-Corruption Establishment Faisalabad Region has arrested 36 accused involved in receiving bribe, fraud, misuse of powers, forgery, preparing bogus documents and other irregularities during the last month. This was informed by Director Anti-Corrupt
Published 14 Oct, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (October 13, 2015).

Published 14 Oct, 2015 12:00am
Collection of Rs 11 billion: LHC seeks reply from NEPRA by October 21

Collection of Rs 11 billion: LHC seeks reply from NEPRA by October 21

The Lahore High Court yesterday sought reply from National Electric Power and Regulatory Authority (NEPRA) by October 21 in a petition challenging collection of Rs 11 billion from the electricity consumers. The court also allowed the six power generating
Published 14 Oct, 2015 12:00am
New size, changed metal: State Bank to issue Rs 5 coin from October 15

New size, changed metal: State Bank to issue Rs 5 coin from October 15

The State Bank of Pakistan will issue Rs 5 coin of new size and changed metal composition. These coins will be issued through the exchange counters of all the field offices of SBP Banking Services Corporation from 15th October 2015. The coin weighs 3 gram
Published 14 Oct, 2015 12:00am
Auqaf Department body holds meeting with Ulema, religious leaders

Auqaf Department body holds meeting with Ulema, religious leaders

The Itihad Bainul Muslimeen Committee (IBMC) of Auqaf Department headed by Coordinator Sahibzada Zahid Mehmood Qasmi held a meeting with the Ulema and religious leaders of Faisalabad Division at Circuit House. Divisional Commissioner Captain Nasim Nawaz (
Published 14 Oct, 2015 12:00am
THE RUPEE: no change in rates
Currency

THE RUPEE: no change in rates

The rupee managed to hold overnight levels in terms of the dollar in the process of trading, dealers said. The rupee was unchanged in relation to the dollar for buying and selling at Rs 104.42 and Rs 104.44 respectively, they said.
Published 14 Oct, 2015 12:00am
LEAs fail to enforce no-smoking rules

LEAs fail to enforce no-smoking rules

Despite implementation of existing law "Protection of non smoking ordinance 2002" to stay away underage youth from tobacco smoking, a newly proposed practice of increasing Graphical Health Warning (GHW) up to 85 percent may promote other health hazard sub
Published 14 Oct, 2015 12:00am
THE RUPEE: no change in rates
Currency

THE RUPEE: no change in rates

The rupee managed to hold overnight levels in terms of the dollar in the process of trading, dealers said. The rupee was unchanged in relation to the dollar for buying and selling at Rs 104.42 and Rs 104.44 respectively, they said.
Published 14 Oct, 2015 12:00am
KP chief minister announces rehabilitation of police stations, posts

KP chief minister announces rehabilitation of police stations, posts

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has announced to convert all 282 police stations and police posts of the province into fully rehabilitated and renovated modern facilities on the lines of the model police stations established in Peshawar a
Published 14 Oct, 2015 12:00am
K-Electric Limited

K-Electric Limited

K-Electric Limited or KESC previously, has been one of the most notorious organisations in Karachi for decades, but that perception has changed quite a lot in the recent past.
Published 14 Oct, 2015 12:00am
K-Electric Limited

K-Electric Limited

K-Electric Limited or KESC previously, has been one of the most notorious organisations in Karachi for decades, but that perception has changed quite a lot in the recent past.
Published 14 Oct, 2015 12:00am
Global oil demand growth to slow in 2016: IEA

Global oil demand growth to slow in 2016: IEA

The world''s demand for oil is expected to slow in 2016 in response to a more pessimistic outlook for the global economy, likely keeping the crude market oversupplied, the International Energy Agency (IEA) said Tuesday. "Global demand growth is expected t
Published 14 Oct, 2015 12:00am
Global oil demand growth to slow in 2016: IEA

Global oil demand growth to slow in 2016: IEA

The world's demand for oil is expected to slow in 2016 in response to a more pessimistic outlook for the global economy, likely keeping the crude market oversupplied, the International Energy Agency (IEA) said Tuesday. "Global demand growth is expected to
Published 14 Oct, 2015 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (October 13, 2015).

Published 14 Oct, 2015 12:00am
Global oil demand growth to slow in 2016: IEA

Global oil demand growth to slow in 2016: IEA

The world's demand for oil is expected to slow in 2016 in response to a more pessimistic outlook for the global economy, likely keeping the crude market oversupplied, the International Energy Agency (IEA) said Tuesday. "Global demand growth is expected to
Published 14 Oct, 2015 12:00am
Eight men hanged for murder in Punjab

Eight men hanged for murder in Punjab

Punjab government on Tuesday hanged at least eight men for murder, officials said, bringing the total number of people executed since it controversially lifted a moratorium on the death penalty to more than 230 since December. The executions - including o
Published 14 Oct, 2015 12:00am
Eight men hanged for murder in Punjab

Eight men hanged for murder in Punjab

Punjab government on Tuesday hanged at least eight men for murder, officials said, bringing the total number of people executed since it controversially lifted a moratorium on the death penalty to more than 230 since December. The executions - including o
Published 14 Oct, 2015 12:00am
Prime Minister appoints new ambassadors, HCs

Prime Minister appoints new ambassadors, HCs

Prime Minister Nawaz Sharif has appointed a number of new ambassadors and high commissioners in important world capitals to represent Pakistan in their respective countries of appointment. Those appointed included the incumbent spokesperson for Ministry o
Published 14 Oct, 2015 12:00am
Prime Minister appoints new ambassadors, HCs

Prime Minister appoints new ambassadors, HCs

Prime Minister Nawaz Sharif has appointed a number of new ambassadors and high commissioners in important world capitals to represent Pakistan in their respective countries of appointment. Those appointed included the incumbent spokesperson for Ministry o
Published 14 Oct, 2015 12:00am
Senators bicker over economic corridor routes

Senators bicker over economic corridor routes

Members of opposition staged a token walkout from the Senate on Tuesday over alleged violation of consensus evolved on China-Pakistan Economic Corridor (CPEC) by the government. An All-Party Conference (APC) convened on May 28 this year helped evolve a co
Published 14 Oct, 2015 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 14 Oct, 2015 12:00am
Senators bicker over economic corridor routes

Senators bicker over economic corridor routes

Members of opposition staged a token walkout from the Senate on Tuesday over alleged violation of consensus evolved on China-Pakistan Economic Corridor (CPEC) by the government. An All-Party Conference (APC) convened on May 28 this year helped evolve a co
Published 14 Oct, 2015 12:00am
Senators bicker over economic corridor routes

Senators bicker over economic corridor routes

Members of opposition staged a token walkout from the Senate on Tuesday over alleged violation of consensus evolved on China-Pakistan Economic Corridor (CPEC) by the government. An All-Party Conference (APC) convened on May 28 this year helped evolve a co
Published 14 Oct, 2015 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 14 Oct, 2015 12:00am
LHC grants stay order against coal power project

LHC grants stay order against coal power project

Lahore High Court (LHC) has granted a stay order against establishment of 1320 MW imported coal power project in Sahiwal in response to a petition of M/s Saif Group, Salim Saif ullah Khan and 22 others. According to the writ petition, 1320 MWs coal-fired
Published 14 Oct, 2015 12:00am
LHC grants stay order against coal power project

LHC grants stay order against coal power project

Lahore High Court (LHC) has granted a stay order against establishment of 1320 MW imported coal power project in Sahiwal in response to a petition of M/s Saif Group, Salim Saif ullah Khan and 22 others. According to the writ petition, 1320 MWs coal-fired
Published 14 Oct, 2015 12:00am
LHC grants stay order against coal power project

LHC grants stay order against coal power project

Lahore High Court (LHC) has granted a stay order against establishment of 1320 MW imported coal power project in Sahiwal in response to a petition of M/s Saif Group, Salim Saif ullah Khan and 22 others. According to the writ petition, 1320 MWs coal-fired
Published 14 Oct, 2015 12:00am
FBR chief being replaced with junior official?

FBR chief being replaced with junior official?

Any government move aimed at appointing a junior tax official as new Chairman Federal Board of Revenue (FBR) will create unrest in the senior tax management. Insiders said here on Tuesday that rumours had it that two chief commissioners from Lahore are be
Published 14 Oct, 2015 12:00am
FBR chief being replaced with junior official?

FBR chief being replaced with junior official?

Any government move aimed at appointing a junior tax official as new Chairman Federal Board of Revenue (FBR) will create unrest in the senior tax management. Insiders said here on Tuesday that rumours had it that two chief commissioners from Lahore are be
Published 14 Oct, 2015 12:00am
FBR chief being replaced with junior official?

FBR chief being replaced with junior official?

Any government move aimed at appointing a junior tax official as new Chairman Federal Board of Revenue (FBR) will create unrest in the senior tax management. Insiders said here on Tuesday that rumours had it that two chief commissioners from Lahore are be
Published 14 Oct, 2015 12:00am
Voter lists: PTI seeks official record

Voter lists: PTI seeks official record

The Pakistan Tehreek-e-Insaf in the Punjab has written a letter to the Election Commission of Pakistan to provide it with computerised voter lists. In his letter, the party organiser Chaudhry Mohammad Sarwar wrote, "... It came as a shock to the voters wh
Published 14 Oct, 2015 12:00am
Voter lists: PTI seeks official record

Voter lists: PTI seeks official record

The Pakistan Tehreek-e-Insaf in the Punjab has written a letter to the Election Commission of Pakistan to provide it with computerised voter lists. In his letter, the party organiser Chaudhry Mohammad Sarwar wrote, "... It came as a shock to the voters wh
Published 14 Oct, 2015 12:00am
ECP's code of conduct: Supreme Court suspends two LHC rulings

ECP's code of conduct: Supreme Court suspends two LHC rulings

The Supreme Court suspended on Tuesday two rulings of Lahore High Court (LHC) pertaining to suspension of Election Commission of Pakistan's (ECP) code of conduct for election campaigns by lawmakers. The LHC had suspended a notification by ECP that barred
Published 14 Oct, 2015 12:00am
ECP's code of conduct: Supreme Court suspends two LHC rulings

ECP's code of conduct: Supreme Court suspends two LHC rulings

The Supreme Court suspended on Tuesday two rulings of Lahore High Court (LHC) pertaining to suspension of Election Commission of Pakistan's (ECP) code of conduct for election campaigns by lawmakers. The LHC had suspended a notification by ECP that barred
Published 14 Oct, 2015 12:00am
Load-shedding to be over by March 2018: Dar

Load-shedding to be over by March 2018: Dar

Finance Minister Ishaq Dar announced on Tuesday that the government would overcome load-shedding by March 2018 subsequent to addition of 10,600 MW in the system. Speaking at a seminar on economic development and national cohesion jointly organised by Sout
Published 14 Oct, 2015 12:00am
Load-shedding to be over by March 2018: Dar

Load-shedding to be over by March 2018: Dar

Finance Minister Ishaq Dar announced on Tuesday that the government would overcome load-shedding by March 2018 subsequent to addition of 10,600 MW in the system. Speaking at a seminar on economic development and national cohesion jointly organised by Sout
Published 14 Oct, 2015 12:00am
Load-shedding to be over by March 2018: Dar

Load-shedding to be over by March 2018: Dar

Finance Minister Ishaq Dar announced on Tuesday that the government would overcome load-shedding by March 2018 subsequent to addition of 10,600 MW in the system. Speaking at a seminar on economic development and national cohesion jointly organised by Sout
Published 14 Oct, 2015 12:00am
Indian police arrest six over ink attack

Indian police arrest six over ink attack

Indian police said Tuesday they had arrested six members of a far-right political group over an ink attack on an activist who organised the launch of a former Pakistani foreign minister's book. As he left his Mumbai home on Monday, Sudheendra Kulkarni had
Published 14 Oct, 2015 12:00am
Indian police arrest six over ink attack

Indian police arrest six over ink attack

Indian police said Tuesday they had arrested six members of a far-right political group over an ink attack on an activist who organised the launch of a former Pakistani foreign minister's book. As he left his Mumbai home on Monday, Sudheendra Kulkarni had
Published 14 Oct, 2015 12:00am
Seven children among 13 killed in landslide

Seven children among 13 killed in landslide

At least 13 persons including seven children and three women were killed in a landslide that hit shanties located in slum settlement near Ghulistan-e-Jauhar area in the wee hours of Tuesday. According to details, the incident took place at around 2:00am w
Published 14 Oct, 2015 12:00am
Seven children among 13 killed in landslide

Seven children among 13 killed in landslide

At least 13 persons including seven children and three women were killed in a landslide that hit shanties located in slum settlement near Ghulistan-e-Jauhar area in the wee hours of Tuesday. According to details, the incident took place at around 2:00am w
Published 14 Oct, 2015 12:00am
Supreme Court bars parliamentarians from election campaigns

Supreme Court bars parliamentarians from election campaigns

The Supreme Court on Tuesday suspended two rulings of Lahore High Court regarding suspension of Election Commission of Pakistan's code of conduct for election campaigns. The apex court also restored the decision of (ECP) that restrains the parliamentarian
Published 14 Oct, 2015 12:00am
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