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Print - 2015-11-13
Bailable arrest warrant for MD Site issued

Bailable arrest warrant for MD Site issued

Sindh Ombudsman, Asad Ashraf Malik has issued bail-able warrant of arrest of Managing Director, SITE Karachi. This office despite issued many summons to the MD SITE to attend Office of Ombudsman Sindh, failed to attend the final notice of November 10 with
Published 13 Nov, 2015 12:00am
Conference on women in development held

Conference on women in development held

An international conference on 'Women in Development' (WID) was held at the IoBM auditorium on Wednesday. The aim of the conference was to examine with follow-up and feedback women's role in contemporary development phase, women's empowerment in the labou
Published 13 Nov, 2015 12:00am
District Mansehra: six small dams to be constructed in 36 months

District Mansehra: six small dams to be constructed in 36 months

PML-N government would construct as many as six small dams at an estimated cost of Rs 6.7 billion in district Mansehra, Khyber Pakhtunkhwa, it is learnt. According to the sources, PML-N has a strong vote-bank in Hazara region including districts Mansehra
Published 13 Nov, 2015 12:00am
Faysal Bank signs business alliance with Gulf Air

Faysal Bank signs business alliance with Gulf Air

Faysal Bank Limited (FBL), one of the leading banks in Pakistan, together with Gulf Air yet again steps ahead to offer lucrative discounts for Faysal Bank Credit and Debit Cards customers. FBL is proud to have signed a strategic business alliance with Gul
Published 13 Nov, 2015 12:00am
Railway office's lock found broken

Railway office's lock found broken

Unidentified men on Wednesday night broke down lock of the office of Railways divisional superintendent's commercial branch. However, no document was found missing from the office. Railways' divisional commercial officer (DCO) Nasir Nazeer told Busines
Published 13 Nov, 2015 12:00am
FPCCI elections PCDMA has not yet decided to support any group: Arif

FPCCI elections PCDMA has not yet decided to support any group: Arif

Pakistan Chemicals and Dyes Merchants Association (PCDMA) Chairman Khawaja Arif has said that the association has not yet decided to support any group in the forthcoming election of FPCCI and will soon take a decision about it. He said that the associatio
Published 13 Nov, 2015 12:00am
LG polls in Badin: ECP reviews requests seeking postponement

LG polls in Badin: ECP reviews requests seeking postponement

The Election Commission of Pakistan (ECP) on Thursday reviewed requests filed by the political parties for the postponement of local government elections in Badin due to prevailing law and order situation. A meeting was held with Chief Election Commission
Published 13 Nov, 2015 12:00am
Tax rate could be reduced if collection increases: SRB chief

Tax rate could be reduced if collection increases: SRB chief

Chairman, Sindh Revenue Board (SRB), Tashfeen Khalid Niaz has said that the tax rate could be reduced in the province if its collection increases. He said this while speaking a reception held in his honour by Hyderabad Chamber of Commerce and Industry (HC
Published 13 Nov, 2015 12:00am
Tharis still waiting for fulfilment of PM's promises: Bilawal

Tharis still waiting for fulfilment of PM's promises: Bilawal

Chairman PPP Bilawal Bhutto Zardari has said to Prime Minister Nawaz Sharif that people of Thar are still waiting for fulfilment of his promises regarding relief funds announced by him during his visit to drought-hit Thar, adding that the person whom he h
Published 13 Nov, 2015 12:00am
Local steel products: ABAD urges CCP to take notice of cartelization

Local steel products: ABAD urges CCP to take notice of cartelization

The Association of Builders and Developers (ABAD) Thursday requested the Competition Commission of Pakistan (CCP) to take notice of the cartelization of the local steel products. According to Mohammad Hanif Gohar, chairman ABAD, presently the imported ste
Published 13 Nov, 2015 12:00am
Six alleged terrorists killed in encounter

Six alleged terrorists killed in encounter

Police on Thursday claimed to have killed six terrorists associated with a banned organisation during an encounter that took place near Filter Plant, Orangi Town. Two policemen also sustained bullet injuries during the course of action. According to polic
Published 13 Nov, 2015 12:00am
PSM's explanation: rejoinder by SSGC

PSM's explanation: rejoinder by SSGC

This is with reference to a Business Recorder news item titled 'PSM explains criticality of gas supply' that appeared in your esteemed newspaper on page No 8 on November 11, 2015. "At the outset SSGC would like to clarify that in contrary to Rs 60
Published 13 Nov, 2015 12:00am
Wheat crop: farmers asked to complete sowing this month
Cotton

Wheat crop: farmers asked to complete sowing this month

The Met Office has asked the farmers of irrigated parts of Punjab, Sindh and Khyber Pakhtunkhwa to complete sowing of wheat crop during November. It said that the farmers in case of delay in sowing may attain different verities and sow them during Decembe
Published 13 Nov, 2015 12:00am
Family rescue four turtles

Family rescue four turtles

The WWF-Pakistan was informed on Thursday by a family residing in Khayaban-e-Rahat DHA Karachi that they had rescued four turtles from a nearby plot. The WWF-Pakistan team immediately arrived there and took these turtles into their custody. On inquiring a
Published 13 Nov, 2015 12:00am
SECP issues draft reinsurance brokers' regulation

SECP issues draft reinsurance brokers' regulation

The Securities and Exchange Commission of Pakistan (SECP) has issued draft Securities and Exchange Commission (Reinsurance Brokers) Regulations, 2015 for eliciting public opinion through SRO No 1091(I)/2015 dated November 6. Reinsurance broking refers to
Published 13 Nov, 2015 12:00am
PIA signs two MoUs at Dubai Air Show

PIA signs two MoUs at Dubai Air Show

Pakistan International Airlines (PIA) signed following two memorandums of understanding (MoUs) on the sidelines of Dubai Air show in UAE.
Published 13 Nov, 2015 12:00am
Bestway Cement earns Rs 3.2 billion profit before tax in Q1

Bestway Cement earns Rs 3.2 billion profit before tax in Q1

The Board of Directors at Bestway Cement Limited announced financial results for first quarter from July to September, 2015. Bestway's turnover on a consolidated basis jumped by 38 percent from Rs 6.8 billion to Rs 9.4 billion. This was largely due to acq
Published 13 Nov, 2015 12:00am
Bestway Cement earns Rs 3.2 billion profit before tax in Q1

Bestway Cement earns Rs 3.2 billion profit before tax in Q1

The Board of Directors at Bestway Cement Limited announced financial results for first quarter from July to September, 2015. Bestway's turnover on a consolidated basis jumped by 38 percent from Rs 6.8 billion to Rs 9.4 billion. This was largely due to acq
Published 13 Nov, 2015 12:00am
Karachi operation will continue: Rangers

Karachi operation will continue: Rangers

Promptly responding to media reports that Karachi operation is getting slow, a Rangers spokesman Thursday asserted that the ongoing move against criminals will continue till apprehension of last terrorist and target killer. In a brief statement, the spoke
Published 13 Nov, 2015 12:00am
Bank Alfalah, Ria to offer money transfer payout services

Bank Alfalah, Ria to offer money transfer payout services

Bank Alfalah and Ria Money Transfer (Ria), a global leader in international money transfer and payment services, have partnered to offer money transfer payout services in Pakistan. This partnership allows Ria customers from all over the world to send mone
Published 13 Nov, 2015 12:00am
Dar reviews preparations for Pak-Russia IGC meeting

Dar reviews preparations for Pak-Russia IGC meeting

Finance Minister Ishaq Dar chaired the preparatory meeting for the upcoming 4th Pak-Russia Inter-Governmental Commission here at the Ministry of Finance Thursday. Secretary Economic Affairs Division Muhammad Saleem Sethi briefed the minister on the prepar
Published 13 Nov, 2015 12:00am
Iqbal Day: government's response sought on cancellation of holiday

Iqbal Day: government's response sought on cancellation of holiday

The federal government is told to respond to a petition against the cancellation of holiday on the Iqbal Day within three weeks. Petitioner Farhad Ali Shah told the Lahore High Court on Thursday that the Interior Ministry had cancelled the holiday through
Published 13 Nov, 2015 12:00am
Appointment of acting chief of CDNS: IHC issues notice to government

Appointment of acting chief of CDNS: IHC issues notice to government

Islamabad High Court (IHC) on Thursday issued notices to the federal government on a petition filed against the appointment of joint secretary of the finance ministry as acting director general of the Central Directorate of National Saving (CDNS). A singl
Published 13 Nov, 2015 12:00am
Illegal gateway exchanges busted

Illegal gateway exchanges busted

Pakistan Telecommunication Authority (PTA) in its ongoing efforts to control grey traffic has unearthed illegal gateway exchanges in Pindi Bhattian and Hafizabad. According to details, a successful raid against the grey operators was carried out along wit
Published 13 Nov, 2015 12:00am
Long gone are days when dictators used to take over country: Khurshid

Long gone are days when dictators used to take over country: Khurshid

Senior leader of Pakistan People's Party (PPP) and Leader of the Opposition in the National Assembly (NA), Syed Khurshid Shah has said that long gone are the days when dictators could take over the country. Talking to media persons here on Thursday, Khurs
Published 13 Nov, 2015 12:00am
LB polls: Zardari unlikely to lead forthcoming phases

LB polls: Zardari unlikely to lead forthcoming phases

Former president Asif Ali Zardari has yet to return to the country despite repeated claims that he would return shortly. Zardari left for Dubai on June 24, 2015, a week after his fiery defiant speech against the army in the wake of the Rangers crackdown a
Published 13 Nov, 2015 12:00am
NP leader dies, three injured in accident

NP leader dies, three injured in accident

Former MNA and Secretary General of National Party (NP) Dr Yaseen Baloch died and three others wounded in a road accident here on Thursday. NP spokesperson Jan Baledi said that Secretary General of the party Dr Yaseen Baloch was on his way to Karachi from
Published 13 Nov, 2015 12:00am
Sugar mill owners posing challenges to food security?

Sugar mill owners posing challenges to food security?

Sugar mill owners have been accused of posing challenges to the country's food security by causing delay in payment to sugarcane growers. An official source of Ministry of National Food Security and Research (MNFS&R) told Business Recorder exclusiv
Published 13 Nov, 2015 12:00am
Authors urge Cameron to raise India's 'climate of fear' with Modi

Authors urge Cameron to raise India's 'climate of fear' with Modi

Nearly 200 figures have signed an open letter urging David Cameron to raise "the rising climate of fear" in India with his counterpart Narendra Modi, who is visiting Britain from Thursday. The letter calls on Cameron to demand that Modi provide "better pr
Published 13 Nov, 2015 12:00am
Prime Minister explains importance of CASA-1000

Prime Minister explains importance of CASA-1000

Prime Minister Nawaz Sharif has said Pakistan attaches great importance to CASA-1000 as it would help minimise energy deficiency in the country. Speaking at a joint press stake-out with visiting President of Tajikistan Emomali Rahmon, Nawaz Sharif further
Published 13 Nov, 2015 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (November 12, 2015).

Published 13 Nov, 2015 12:00am
China launches new 'harder to fake'100 yuan note
Currency

China launches new 'harder to fake'100 yuan note

China on Thursday put into circulation a new version of its 100-yuan banknote - the highest denomination available in the world's second-largest economy - with added golden touches that the government said was harder to forge. The note, worth just under $
Published 13 Nov, 2015 12:00am
China launches new 'harder to fake'100 yuan note
Currency

China launches new 'harder to fake'100 yuan note

China on Thursday put into circulation a new version of its 100-yuan banknote - the highest denomination available in the world's second-largest economy - with added golden touches that the government said was harder to forge. The note, worth just under $
Published 13 Nov, 2015 12:00am
China launches new ''harder to fake''100 yuan note
Currency

China launches new ''harder to fake''100 yuan note

China on Thursday put into circulation a new version of its 100-yuan banknote - the highest denomination available in the world''s second-largest economy - with added golden touches that the government said was harder to forge. The note, worth just under
Published 13 Nov, 2015 12:00am
IMF may decide inclusion of yuan in SDR this month
Currency

IMF may decide inclusion of yuan in SDR this month

The IMF's consideration of China's yuan for inclusion in its SDR basket of elite currencies is on track with a decision possibly this month, Fund spokesman Gerry Rice said Thursday. With inclusion of the yuan in the SDR makeup a key policy goal of Beijing
Published 13 Nov, 2015 12:00am
IMF may decide inclusion of yuan in SDR this month
Currency

IMF may decide inclusion of yuan in SDR this month

The IMF's consideration of China's yuan for inclusion in its SDR basket of elite currencies is on track with a decision possibly this month, Fund spokesman Gerry Rice said Thursday. With inclusion of the yuan in the SDR makeup a key policy goal of Beijing
Published 13 Nov, 2015 12:00am
IMF may decide inclusion of yuan in SDR this month
Currency

IMF may decide inclusion of yuan in SDR this month

The IMF''s consideration of China''s yuan for inclusion in its SDR basket of elite currencies is on track with a decision possibly this month, Fund spokesman Gerry Rice said Thursday. With inclusion of the yuan in the SDR makeup a key policy goal of Beiji
Published 13 Nov, 2015 12:00am
Stocks rally on ratings

Stocks rally on ratings

Karachi stocks rallied to gain 330.5 points as favourable ratings by Moody's and World Bank provided the KSE-100 index with the much-needed trigger. The benchmark index ended at 34,264.56 compared to Wednesday's 33,934.04 points, the session's low. Tradin
Published 13 Nov, 2015 12:00am
Stocks rally on ratings

Stocks rally on ratings

Karachi stocks rallied to gain 330.5 points as favourable ratings by Moody's and World Bank provided the KSE-100 index with the much-needed trigger. The benchmark index ended at 34,264.56 compared to Wednesday's 33,934.04 points, the session's low. Tradin
Published 13 Nov, 2015 12:00am
Stocks rally on ratings

Stocks rally on ratings

Karachi stocks rallied to gain 330.5 points as favourable ratings by Moody''s and World Bank provided the KSE-100 index with the much-needed trigger. The benchmark index ended at 34,264.56 compared to Wednesday''s 33,934.04 points, the session''s low. Tra
Published 13 Nov, 2015 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (November 12, 2015).

Published 13 Nov, 2015 12:00am
BRIndex30 up 374.69 points

BRIndex30 up 374.69 points

On Thursday, BRIndex30 remained positive with a general rising trend throughout the market time. It closed at 20,623.58 points with net change of 374.69 points. Total turnover was 78,975,400 shares, which was higher than Wednesday's turnover by around six
Published 13 Nov, 2015 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (November 12, 2015).

Published 13 Nov, 2015 12:00am
BRIndex30 up 374.69 points

BRIndex30 up 374.69 points

On Thursday, BRIndex30 remained positive with a general rising trend throughout the market time. It closed at 20,623.58 points with net change of 374.69 points. Total turnover was 78,975,400 shares, which was higher than Wednesday's turnover by around six
Published 13 Nov, 2015 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (November 12, 2015).

Published 13 Nov, 2015 12:00am
Corruption scams: FIA asked to seek Interpol's help

Corruption scams: FIA asked to seek Interpol's help

Interior Minister Chaudhry Nisar Ali Khan on Thursday ordered Federal Investigation Agency (FIA) to seek Interpol's help to arrest absconders involved in 93 major corruption scams involving corruption worth billion of rupees. The Minister while presiding
Published 13 Nov, 2015 12:00am
Corruption scams: FIA asked to seek Interpol's help

Corruption scams: FIA asked to seek Interpol's help

Interior Minister Chaudhry Nisar Ali Khan on Thursday ordered Federal Investigation Agency (FIA) to seek Interpol's help to arrest absconders involved in 93 major corruption scams involving corruption worth billion of rupees. The Minister while presiding
Published 13 Nov, 2015 12:00am
Corruption scams: FIA asked to seek Interpol''s help

Corruption scams: FIA asked to seek Interpol''s help

Interior Minister Chaudhry Nisar Ali Khan on Thursday ordered Federal Investigation Agency (FIA) to seek Interpol''s help to arrest absconders involved in 93 major corruption scams involving corruption worth billion of rupees. The Minister while presiding
Published 13 Nov, 2015 12:00am
Corruption scams: FIA asked to seek Interpol''''s help

Corruption scams: FIA asked to seek Interpol''''s help

Interior Minister Chaudhry Nisar Ali Khan on Thursday ordered Federal Investigation Agency (FIA) to seek Interpol''''s help to arrest absconders involved in 93 major corruption scams involving corruption worth billion of rupees. The Minister while presidi
Published 13 Nov, 2015 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Thursday (November 12, 2015).

Published 13 Nov, 2015 12:00am
Police sting European 'jihadist network' with IS links

Police sting European 'jihadist network' with IS links

Police on Thursday announced a swoop on a European jihadist network that was allegedly planning to kidnap diplomats and carry out attacks to try to spring its leader out of detention in Norway. Seventeen arrest warrants were issued and 13 people were deta
Published 13 Nov, 2015 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Thursday (November 12, 2015).

Published 13 Nov, 2015 12:00am
Police sting European 'jihadist network' with IS links

Police sting European 'jihadist network' with IS links

Police on Thursday announced a swoop on a European jihadist network that was allegedly planning to kidnap diplomats and carry out attacks to try to spring its leader out of detention in Norway. Seventeen arrest warrants were issued and 13 people were deta
Published 13 Nov, 2015 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Thursday (November 12, 2015).

Published 13 Nov, 2015 12:00am
Foreign policy, NAP: Senate seeks in-camera briefing

Foreign policy, NAP: Senate seeks in-camera briefing

In the wake of a strongly-worded statement by the military, lam-enting civilian government's poor performance in ongoing war against terrorism, chairman Senate Raza Rabbani on Thursday called for an in-camera briefing to joint-sitting of parliament on cou
Published 13 Nov, 2015 12:00am
Foreign policy, NAP: Senate seeks in-camera briefing

Foreign policy, NAP: Senate seeks in-camera briefing

In the wake of a strongly-worded statement by the military, lam-enting civilian government's poor performance in ongoing war against terrorism, chairman Senate Raza Rabbani on Thursday called for an in-camera briefing to joint-sitting of parliament on cou
Published 13 Nov, 2015 12:00am
Fan meets Prime Minister

Fan meets Prime Minister

General FAN Changlong, Vice Chairman of Central Military Commission, People's Republic of China called on Prime Minister Nawaz Sharif at PM House, here on Thursday afternoon. Welcoming General FAN Changlong to Pakistan, the Prime Minister said that friend
Published 13 Nov, 2015 12:00am
Fan meets Prime Minister

Fan meets Prime Minister

General FAN Changlong, Vice Chairman of Central Military Commission, People's Republic of China called on Prime Minister Nawaz Sharif at PM House, here on Thursday afternoon. Welcoming General FAN Changlong to Pakistan, the Prime Minister said that friend
Published 13 Nov, 2015 12:00am
ISE index up 15.53 points

ISE index up 15.53 points

Equities moved both ways at the Islamabad Stock Exchange (ISE) on Thursday where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 15.53 points as the ISE Ten Index moved f
Published 13 Nov, 2015 12:00am
ISE index up 15.53 points

ISE index up 15.53 points

Equities moved both ways at the Islamabad Stock Exchange (ISE) on Thursday where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 15.53 points as the ISE Ten Index moved f
Published 13 Nov, 2015 12:00am
LSE index improves 55.28 points

LSE index improves 55.28 points

Equities on Thursday registered gains across the board amid ascending transaction volume following buyers' interest on the Lahore Stock Exchange. The LSE-25 index improved by 55.28 points to 5582.12 against 5526.84 of Wednesday while trading turnover incr
Published 13 Nov, 2015 12:00am
LSE index improves 55.28 points

LSE index improves 55.28 points

Equities on Thursday registered gains across the board amid ascending transaction volume following buyers' interest on the Lahore Stock Exchange. The LSE-25 index improved by 55.28 points to 5582.12 against 5526.84 of Wednesday while trading turnover incr
Published 13 Nov, 2015 12:00am