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Print - 2015-11-03
We hold parliament in high esteem: MQM Senators

We hold parliament in high esteem: MQM Senators

Muttahida Qaumi Movement (MQM) Senators on Monday withdrew their resignations and returned to the upper house of Parliament. Chairman Senate Raza Rabbani said that the MQM senators had withdrawn their resignations even before the process of their acceptan
Published 03 Nov, 2015 12:00am
China gives currency biggest boost in a decade
Currency

China gives currency biggest boost in a decade

China on Monday raised the daily reference rate for its yuan currency by the largest margin in a decade, officials and reports said, just three months after a surprise devaluation sent shockwaves through global markets. The central People''s Bank of China
Published 03 Nov, 2015 12:00am
Textile package being introduced piecemeal
Cotton

Textile package being introduced piecemeal

The government is reportedly introducing textile package in parts to avoid sudden revenue loss under different relief measures to be announced for textile chain, official sources revealed to Business Recorder. According to sources, textile package
Published 03 Nov, 2015 12:00am
Textile package being introduced piecemeal
Cotton

Textile package being introduced piecemeal

The government is reportedly introducing textile package in parts to avoid sudden revenue loss under different relief measures to be announced for textile chain, official sources revealed to Business Recorder. According to sources, textile package
Published 03 Nov, 2015 12:00am
Textile package being introduced piecemeal
Cotton

Textile package being introduced piecemeal

The government is reportedly introducing textile package in parts to avoid sudden revenue loss under different relief measures to be announced for textile chain, official sources revealed to Business Recorder. According to sources, textile package
Published 03 Nov, 2015 12:00am
Prime Minister briefed on railway projects

Prime Minister briefed on railway projects

Minister for Railways Khawaja Saad Rafique on Monday briefed Prime Minister Muhammad Nawaz Sharif on Pakistan Railways (PR) projects included in China Pakistan Economic Corridor (CPEC) at the PM House. Minister for Railways apprised the Prime Minister tha
Published 03 Nov, 2015 12:00am
Prime Minister briefed on railway projects

Prime Minister briefed on railway projects

Minister for Railways Khawaja Saad Rafique on Monday briefed Prime Minister Muhammad Nawaz Sharif on Pakistan Railways (PR) projects included in China Pakistan Economic Corridor (CPEC) at the PM House. Minister for Railways apprised the Prime Minister tha
Published 03 Nov, 2015 12:00am
Prime Minister briefed on railway projects

Prime Minister briefed on railway projects

Minister for Railways Khawaja Saad Rafique on Monday briefed Prime Minister Muhammad Nawaz Sharif on Pakistan Railways (PR) projects included in China Pakistan Economic Corridor (CPEC) at the PM House. Minister for Railways apprised the Prime Minister tha
Published 03 Nov, 2015 12:00am
PPIB under pressure to treat LNG-fired projects as IPPs

PPIB under pressure to treat LNG-fired projects as IPPs

Private Power Infrastructure Board (PPIB) is reportedly under pressure from Prime Minister's office to treat public-sector Liquefied Natural Gas (LNG)-fired projects as Independent Power Producers (IPPs) contrary to PPIB laws, well informed sources told <
Published 03 Nov, 2015 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 03 Nov, 2015 12:00am
PPIB under pressure to treat LNG-fired projects as IPPs

PPIB under pressure to treat LNG-fired projects as IPPs

Private Power Infrastructure Board (PPIB) is reportedly under pressure from Prime Minister's office to treat public-sector Liquefied Natural Gas (LNG)-fired projects as Independent Power Producers (IPPs) contrary to PPIB laws, well informed sources told <
Published 03 Nov, 2015 12:00am
PPIB under pressure to treat LNG-fired projects as IPPs

PPIB under pressure to treat LNG-fired projects as IPPs

Private Power Infrastructure Board (PPIB) is reportedly under pressure from Prime Minister''s office to treat public-sector Liquefied Natural Gas (LNG)-fired projects as Independent Power Producers (IPPs) contrary to PPIB laws, well informed sources told
Published 03 Nov, 2015 12:00am
Equities lackluster

Equities lackluster

Karachi stocks opened the week in red with the KSE-100 index closing 35.49 points down at 34,226.12 Monday. Ahsan Mehanti at Arif Habib Corp said post major earning announcements consolidation made the index close lower. Weak global equities and commoditi
Published 03 Nov, 2015 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 03 Nov, 2015 12:00am
Equities lackluster

Equities lackluster

Karachi stocks opened the week in red with the KSE-100 index closing 35.49 points down at 34,226.12 Monday. Ahsan Mehanti at Arif Habib Corp said post major earning announcements consolidation made the index close lower. Weak global equities and commoditi
Published 03 Nov, 2015 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 03 Nov, 2015 12:00am
Equities lackluster

Equities lackluster

Karachi stocks opened the week in red with the KSE-100 index closing 35.49 points down at 34,226.12 Monday. Ahsan Mehanti at Arif Habib Corp said post major earning announcements consolidation made the index close lower. Weak global equities and commoditi
Published 03 Nov, 2015 12:00am
BRIndex30 down 52.24 points

BRIndex30 down 52.24 points

On Monday, BRIndex30 remained negative for most of the trading time except during first hour after market opening. It closed at 20,669.85 with net change of -52.24. Total turnover was 67,711,100, which was lower than Friday's turnover by almost 29.5 milli
Published 03 Nov, 2015 12:00am
BRIndex30 down 52.24 points

BRIndex30 down 52.24 points

On Monday, BRIndex30 remained negative for most of the trading time except during first hour after market opening. It closed at 20,669.85 with net change of -52.24. Total turnover was 67,711,100, which was lower than Friday's turnover by almost 29.5 milli
Published 03 Nov, 2015 12:00am
Reference against ECP members turned down by SJC

Reference against ECP members turned down by SJC

The Supreme Judicial Council (SJC) on Monday turned down a reference filed against the members of the Election Commission of Pakistan (ECP). Pakistan Tehreek-e-Insaf's (PTI) Gohar Nawaz filed a reference on August 26, seeking the ECP members' dismissal on
Published 03 Nov, 2015 12:00am
Reference against ECP members turned down by SJC

Reference against ECP members turned down by SJC

The Supreme Judicial Council (SJC) on Monday turned down a reference filed against the members of the Election Commission of Pakistan (ECP). Pakistan Tehreek-e-Insaf's (PTI) Gohar Nawaz filed a reference on August 26, seeking the ECP members' dismissal on
Published 03 Nov, 2015 12:00am
ISE index gains 3.49 points

ISE index gains 3.49 points

Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 3.49 points as the ISE Ten Index moved from 3,036.39
Published 03 Nov, 2015 12:00am
ISE index gains 3.49 points

ISE index gains 3.49 points

Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 3.49 points as the ISE Ten Index moved from 3,036.39
Published 03 Nov, 2015 12:00am
Easier trend on LSE

Easier trend on LSE

Bearish sentiments dominated on the Lahore Stock Exchange (LSE) on Monday and the equities suffered losses amid sluggish trading trend due to lacking interest on the part of investors. The LSE-25 index lost 25.74 points to 5609.83 against 5635.57 of last
Published 03 Nov, 2015 12:00am
Easier trend on LSE

Easier trend on LSE

Bearish sentiments dominated on the Lahore Stock Exchange (LSE) on Monday and the equities suffered losses amid sluggish trading trend due to lacking interest on the part of investors. The LSE-25 index lost 25.74 points to 5609.83 against 5635.57 of last
Published 03 Nov, 2015 12:00am
Dar arrives in Dubai to hold talks with IMF

Dar arrives in Dubai to hold talks with IMF

Finance Minister, Senator Ishaq Dar arrived here to join the delegation holding talks with IMF team for the 9th review. The talks began last Monday and are expected to culminate on 4th of November 2015. The Minister immediately after arrival had a meeting
Published 03 Nov, 2015 12:00am
THE RUPEE: no big changes
Currency

THE RUPEE: no big changes

The rupee moved with little changes against the dollar on the money market on Monday in the process of trading, dealers said. The rupee shed three paisa in relation to the dollar for buying and selling at Rs 105.45 and Rs 105.49, they said.
Published 03 Nov, 2015 12:00am
Deportees: Nisar directs Ministry to formulate SOP

Deportees: Nisar directs Ministry to formulate SOP

Interior Minister Chaudhry Nisar Ali Khan on Monday issued orders to make a clear standard operating procedure (SOP) to bring back Pakistani, who had been deported from different countries. The minister also took stock of progress in National Action Plan
Published 03 Nov, 2015 12:00am
THE RUPEE: no big changes
Currency

THE RUPEE: no big changes

The rupee moved with little changes against the dollar on the money market on Monday in the process of trading, dealers said. The rupee shed three paisa in relation to the dollar for buying and selling at Rs 105.45 and Rs 105.49, they said.
Published 03 Nov, 2015 12:00am
Austrian Ambassador to organise music festivals

Austrian Ambassador to organise music festivals

Chief Minister Sindh Syed Qaim Ali Shah has said that Sindh is land of sufi saints and the people living here believe in fraternity, tranquillity and are lovers of folk music. He said, "it was the folk music which cements people of different cultures toge
Published 03 Nov, 2015 12:00am
Celebrating elections victory: processions, rallies banned

Celebrating elections victory: processions, rallies banned

The Punjab government has imposed ban under section 144 on taking out processions and rallies for celebrating victory in 12 districts of Punjab. The ban has also been imposed on carrying and displaying of arms and aerial firing. This ban will also be appl
Published 03 Nov, 2015 12:00am
Two real brothers missing: SHC seeks comments of DG Rangers, others

Two real brothers missing: SHC seeks comments of DG Rangers, others

The Sindh High Court (SHC) on Monday issued notices to Sindh Rangers director general, home secretary and S.S.P Jamshoro, directing them to submit their comments on the petition seeking whereabouts of two real brothers who have been missing since 10th Oct
Published 03 Nov, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (November 02, 2015).

Published 03 Nov, 2015 12:00am
Prime Minister laptop scheme-II: HEC invites applications

Prime Minister laptop scheme-II: HEC invites applications

Higher Education Commission (HEC) has sought applications from students for awarding laptops under Prime Minister Laptop Scheme Phase II. Those students are eligible for these programmes who are studying in PhD, MS, M. Phil and admitted in one or two-year
Published 03 Nov, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (November 02, 2015).

Published 03 Nov, 2015 12:00am
BoM of PSO reconstituted

BoM of PSO reconstituted

The Ministry of Petroleum and Natural Resources has reconstituted Board of Management (BoM) of Pakistan State Oil (PSO), which was dissolved following petrol crisis in January, 2015. Well-placed sources in the Ministry of Petroleum told Business Record
Published 03 Nov, 2015 12:00am
BoM of PSO reconstituted

BoM of PSO reconstituted

The Ministry of Petroleum and Natural Resources has reconstituted Board of Management (BoM) of Pakistan State Oil (PSO), which was dissolved following petrol crisis in January, 2015. Well-placed sources in the Ministry of Petroleum told Business Record
Published 03 Nov, 2015 12:00am
BoM of PSO reconstituted

BoM of PSO reconstituted

The Ministry of Petroleum and Natural Resources has reconstituted Board of Management (BoM) of Pakistan State Oil (PSO), which was dissolved following petrol crisis in January, 2015. Well-placed sources in the Ministry of Petroleum told Business Record
Published 03 Nov, 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 Monday (November 02, 2015).

Published 03 Nov, 2015 12:00am
Grain market rates
Cotton

Grain market rates

Karachi grain market rates in rupees on Monday (November 02, 2015).

Published 03 Nov, 2015 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (November 02, 2015).

Published 03 Nov, 2015 12:00am
Pemra bans coverage of Lashkar-e-Tayyaba, Jamat-ud-Dawa and FIF

Pemra bans coverage of Lashkar-e-Tayyaba, Jamat-ud-Dawa and FIF

Pakistan Electronic Media Regulatory Authority (Pemra), the electronic media watchdog has banned the coverage of proscribed organisation including Lashkar-e-Tayyaba (LT), Jamat-ud-Dawa (JuD) and Falah-e-Insaniat Foundation (FIF) completely. However under
Published 03 Nov, 2015 12:00am
Pemra bans coverage of Lashkar-e-Tayyaba, Jamat-ud-Dawa and FIF

Pemra bans coverage of Lashkar-e-Tayyaba, Jamat-ud-Dawa and FIF

Pakistan Electronic Media Regulatory Authority (Pemra), the electronic media watchdog has banned the coverage of proscribed organisation including Lashkar-e-Tayyaba (LT), Jamat-ud-Dawa (JuD) and Falah-e-Insaniat Foundation (FIF) completely. However under
Published 03 Nov, 2015 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (November 02, 2015)

Published 03 Nov, 2015 12:00am
Cotton growers advised to prepare fields for Rabi season
Cotton

Cotton growers advised to prepare fields for Rabi season

Cotton growers should begin preparing their fields for the next Rabi season crops, the Met Office said on Monday. It said that the farmers should also complete sowing of Rabi corps in time to avoid yield loss. Farmers of rain-dependent parts should sow th
Published 03 Nov, 2015 12:00am
LB polls: Elahi claims majority in Gujrat, Kunjah and Talagang

LB polls: Elahi claims majority in Gujrat, Kunjah and Talagang

Pakistan Muslim League-Q (PML) senior central leader and former Deputy Prime Minister Chaudhry Parvez Elahi has claimed majority in tehsil Gujrat, Kunjah and Talagang in LG polls. On behalf of the PML-Q leadership he thanked the party supporters who as he
Published 03 Nov, 2015 12:00am
Shahbaz visits Rahimyar Khan, inaugurates road

Shahbaz visits Rahimyar Khan, inaugurates road

Punjab Chief Minister Muhammad Shahbaz Sharif undertook an eight-hour visit of district Rahimyar Khan on Monday. He inaugurated a road at nearby village of Rahim Yar Khan constructed under "Pakian Sarkan-Sokhay Painday" and laid foundation stone of constr
Published 03 Nov, 2015 12:00am
Demonstration staged against kidnappers

Demonstration staged against kidnappers

People of Mastoi tribe including women and children staged a demonstration in front of Multan Press Club on Monday against high handedness of a gang of kidnappers for ransom and appealed to the higher authorities to protect their lives and property.
Published 03 Nov, 2015 12:00am
Bilawal for moving resolutions against Shiv Sena

Bilawal for moving resolutions against Shiv Sena

Chairman Bilawal Bhutto Zardari has issued directives to the Parliamentary leaders of Pakistan Peoples Party in the Senate, National Assembly, Provincial Assemblies and Azad Jammu & Kashmir Assembly to move resolutions condemning threats by Shiv Sena terr
Published 03 Nov, 2015 12:00am
PPP can never be eliminated from political scene: Wattoo

PPP can never be eliminated from political scene: Wattoo

Pakistan Peoples' Party (PPP) in the Punjab has claimed that the party can never be eliminated from the political scene in contrast to its critics recklessly predicting it before the recent Local Bodies elections in the Punjab and Sindh.
Published 03 Nov, 2015 12:00am
LB elections: PTI Karachi demands Rangers' deployment

LB elections: PTI Karachi demands Rangers' deployment

Pakistan Tehreek-e-Insaf (PTI) Karachi Organiser Ali Zaidi Monday demanded deployment of Pakistan Rangers presence inside and outside all polling stations for the remaining two rounds of local body elections.
Published 03 Nov, 2015 12:00am
BMA Funds signs trust deed for Islamic income scheme

BMA Funds signs trust deed for Islamic income scheme

BMA Asset Management Company Limited (BMA Funds), a non banking finance company, formally signed the trust deed for its forthcoming Islamic income scheme, BMA Minhaj Islamic Income Fund at CDC Pakistan. The event brought together the representatives from
Published 03 Nov, 2015 12:00am
BMA Funds signs trust deed for Islamic income scheme

BMA Funds signs trust deed for Islamic income scheme

BMA Asset Management Company Limited (BMA Funds), a non banking finance company, formally signed the trust deed for its forthcoming Islamic income scheme, BMA Minhaj Islamic Income Fund at CDC Pakistan. The event brought together the representatives from
Published 03 Nov, 2015 12:00am
PPP MPA gets bail before arrest

PPP MPA gets bail before arrest

An MPA of Pakistan Peoples Party (PPP) from Naushehro Feroze district here Monday obtained a protective bail from the Sindh High Court to prevent arrest from the National Accountability Bureau (NAB). The petitioner MPA Abdul Sattar Rajpar's counsel advoca
Published 03 Nov, 2015 12:00am
Food and nutrition week being observed

Food and nutrition week being observed

The University of Veterinary and Animal Sciences (UVAS) Lahore in collaboration with Nutritionists Association of Pakistan (NAP), Pakistan Poultry Association (PPA), Pakistan Academy of Sciences (PAS) , Pakistan Medical Association (PMA) and Forman Christ
Published 03 Nov, 2015 12:00am
ANF seizes drugs worth Rs 256 million

ANF seizes drugs worth Rs 256 million

Anti-Narcotics Force (ANF) while conducting various operations in different parts of the country, seized 84Kg Charas and 8.7Kg Heroin and apprehended 17 offenders involved in drug trafficking and impounded six vehicles. The value of seized drugs is Rs 256
Published 03 Nov, 2015 12:00am
Textile package: APTMA delegation likely to meet Dar next week
Cotton

Textile package: APTMA delegation likely to meet Dar next week

All Pakistan Textile Mills Association (APTMA) said it wants to meet Federal Finance Minister Ishaq Dar next week, who has recently returned home from the United States, to negotiate the remaining part of the textile package. APTMA Central Chairman Tariq
Published 03 Nov, 2015 12:00am
111 PML-N candidates elected in Faisalabad: Rana

111 PML-N candidates elected in Faisalabad: Rana

Punjab Law Minister, Rana Sana Ullah Khan, has claimed that out of 157 local bodies seats in Faisalabad city, 111 candidates of the PML-N were elected. Out of these 71 candidates emerged victorious having the election symbol of "SHER" while those 40 elect
Published 03 Nov, 2015 12:00am
LCCI preparing report on 'Ease of doing business in Pakistan'

LCCI preparing report on 'Ease of doing business in Pakistan'

The Lahore Chamber of Commerce and Industry has started preparing a report on "Ease of doing business in Pakistan". The objective of this initiative is to identify the hurdles coming in the way of businesses and to suggest doable solutions to the governme
Published 03 Nov, 2015 12:00am
Increase in POL prices criticised

Increase in POL prices criticised

Pakistan Industrial and Traders Associations Front (PIAF) while criticising the government for increasing POL products' prices termed it a negative move for the country's economy which was already facing a number of challenges. PIAF Chairman Irfan Iqbal S
Published 03 Nov, 2015 12:00am
Eminent educationist Professor Naeem A Jafery passes away

Eminent educationist Professor Naeem A Jafery passes away

Professor Dr Naeem A. Jafery, the eminent educationist, Founding Vice Chancellor of Ziauddin University and Professor of Emeritus and Advisor on Academic Affairs, passed away at the age of 86 on Monday. Professor Dr Pirzada Qasim Raza Siddiqui, Vice Chanc
Published 03 Nov, 2015 12:00am
Asim's plea against arrest: hearing adjourned sine die

Asim's plea against arrest: hearing adjourned sine die

Sindh High Court (SHC) on Monday adjourned the hearing of a plea filed against the detention of a former federal minister belonging to the Pakistan Peoples Party (PPP) Dr Asim Hussain under Terrorism Act. Dr Asim's wife Dr Zarin filed a petition in SHC th
Published 03 Nov, 2015 12:00am
99.9 percent buildings in Rawalpindi not quake proof: survey

99.9 percent buildings in Rawalpindi not quake proof: survey

Most of the multi storey buildings in Rawalpindi are not designed according to buildings code, and may collapse if city was to be hit by a severe earthquake in future. According to a survey, 99.9 % buildings in the Rawalpindi city are not quake proof and
Published 03 Nov, 2015 12:00am
Jubilee Life introduces cardiac savings plan

Jubilee Life introduces cardiac savings plan

Jubilee Life, Pakistan's leading life insurance provider has launched a breakthrough product which in addition to being a regular life insurance plan is also a savings plan that provides additional financial support and cover for the treatment of major an
Published 03 Nov, 2015 12:00am
IGP Sindh for urgent measures to facilitate driving licence seekers

IGP Sindh for urgent measures to facilitate driving licence seekers

Inspector General of Police Sindh, Ghulam Hyder Jamali has directed the concerned police officials to facilitate citizens seeking driving license for the first time or renewal of the same. Responding to complaints about difficulties faced by the drivers a
Published 03 Nov, 2015 12:00am
Posting

Posting

Imtiaz Ahmad Khan, (BS-21) officer of Pakistan Customs Service currently posted as Director General, Directorate General of IPR, Lahore is transferred and posted as Director General, Directorate General of Intelligence and Investigation - FBR, Islamabad w
Published 03 Nov, 2015 12:00am