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Print - 2015-11-19
Developments in international trade law

Developments in international trade law

In order to manage risks in international commercial transactions, contracting parties often seek to agree in advance on how disputes arising out of a transaction between them are to be resolved. In some cases, the parties may refer the dispute to arbitra
Published 19 Nov, 2015 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 19 Nov, 2015 12:00am
SC asks ECP to decide on its own

SC asks ECP to decide on its own

The Supreme Court on Wednesday asked the Election Commission of Pakistan (ECP) to exercise its constitutional powers while deciding about Local Bodies (LB) polls in eight districts of Sindh scheduled to be held on November 19 (today). In response to ident
Published 19 Nov, 2015 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 19 Nov, 2015 12:00am
SC asks ECP to decide on its own

SC asks ECP to decide on its own

The Supreme Court on Wednesday asked the Election Commission of Pakistan (ECP) to exercise its constitutional powers while deciding about Local Bodies (LB) polls in eight districts of Sindh scheduled to be held on November 19 (today). In response to ident
Published 19 Nov, 2015 12:00am
Sindh LG minister removed

Sindh LG minister removed

In an overnight decision, Chief Minister Sindh Syed Qaim Ali Shah withdrew portfolio of local government from Syed Nasir Hussain Shah, just a day before commencement of municipal elections' second phase in the province. Shah was made Local Government mini
Published 19 Nov, 2015 12:00am
Sindh LG minister removed

Sindh LG minister removed

In an overnight decision, Chief Minister Sindh Syed Qaim Ali Shah withdrew portfolio of local government from Syed Nasir Hussain Shah, just a day before commencement of municipal elections' second phase in the province. Shah was made Local Government mini
Published 19 Nov, 2015 12:00am
KSE fails to sustain gains

KSE fails to sustain gains

The Karachi share market Wednesday ended lower and the benchmark KSE-100 index closed below 34,000 points weighed by weak earnings outlook in heavyweights. Ahsan Mehanti, analyst at Arif Habib said that stocks closed bearish amid thin activity at KSE on w
Published 19 Nov, 2015 12:00am
KSE fails to sustain gains

KSE fails to sustain gains

The Karachi share market Wednesday ended lower and the benchmark KSE-100 index closed below 34,000 points weighed by weak earnings outlook in heavyweights. Ahsan Mehanti, analyst at Arif Habib said that stocks closed bearish amid thin activity at KSE on w
Published 19 Nov, 2015 12:00am
KSE fails to sustain gains

KSE fails to sustain gains

The Karachi share market Wednesday ended lower and the benchmark KSE-100 index closed below 34,000 points weighed by weak earnings outlook in heavyweights. Ahsan Mehanti, analyst at Arif Habib said that stocks closed bearish amid thin activity at KSE on w
Published 19 Nov, 2015 12:00am
BRIndex30 falls 94.41 points

BRIndex30 falls 94.41 points

On Wednesday, BRIndex30 opened at 20,411.28 points. It touched an intraday high of 20,489.42 points and an intraday low of 20,297.54 points and closed at 20,316.87 points which was -94.41 points or -0.46 percent lower than previous close. Total volume was
Published 19 Nov, 2015 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (November 18, 2015).

Published 19 Nov, 2015 12:00am
BRIndex30 falls 94.41 points

BRIndex30 falls 94.41 points

On Wednesday, BRIndex30 opened at 20,411.28 points. It touched an intraday high of 20,489.42 points and an intraday low of 20,297.54 points and closed at 20,316.87 points which was -94.41 points or -0.46 percent lower than previous close. Total volume was
Published 19 Nov, 2015 12:00am
All Shares Islamic Index of Pakistan launched

All Shares Islamic Index of Pakistan launched

Finance Minister Ishaq Dar eyed the $2.6 trillion global Islamic finance market as he launched the All Shares Islamic Index of Pakistan (ASIIP) here at Karachi Stock Exchange (KSE) on Wednesday. The "monumental" launching of 225-firm Islamic index, chairm
Published 19 Nov, 2015 12:00am
All Shares Islamic Index of Pakistan launched

All Shares Islamic Index of Pakistan launched

Finance Minister Ishaq Dar eyed the $2.6 trillion global Islamic finance market as he launched the All Shares Islamic Index of Pakistan (ASIIP) here at Karachi Stock Exchange (KSE) on Wednesday. The "monumental" launching of 225-firm Islamic index, chairm
Published 19 Nov, 2015 12:00am
All Shares Islamic Index of Pakistan launched

All Shares Islamic Index of Pakistan launched

Finance Minister Ishaq Dar eyed the $2.6 trillion global Islamic finance market as he launched the All Shares Islamic Index of Pakistan (ASIIP) here at Karachi Stock Exchange (KSE) on Wednesday. The "monumental" launching of 225-firm Islamic index, chairm
Published 19 Nov, 2015 12:00am
India's 'loud objections' to CPEC rejected

India's 'loud objections' to CPEC rejected

Adviser to the Prime Minister on Foreign Affairs Sartaj Aziz on Wednesday said that Pakistan-China enhanced economic cooperation is aimed to bring about prosperity in the region and is not against any other country. Speaking at a conference on "Emerging s
Published 19 Nov, 2015 12:00am
THE RUPEE: gradual fall
Currency

THE RUPEE: gradual fall

The rupee drifted lower against the dollar on the money market on Wednesday in the process of trading, dealers said. The rupee shed three-paisa against the dollar for buying and selling at Rs 105.47 and 105.49 respectively, they said.
Published 19 Nov, 2015 12:00am
India's 'loud objections' to CPEC rejected

India's 'loud objections' to CPEC rejected

Adviser to the Prime Minister on Foreign Affairs Sartaj Aziz on Wednesday said that Pakistan-China enhanced economic cooperation is aimed to bring about prosperity in the region and is not against any other country. Speaking at a conference on "Emerging s
Published 19 Nov, 2015 12:00am
THE RUPEE: gradual fall
Currency

THE RUPEE: gradual fall

The rupee drifted lower against the dollar on the money market on Wednesday in the process of trading, dealers said. The rupee shed three-paisa against the dollar for buying and selling at Rs 105.47 and 105.49 respectively, they said.
Published 19 Nov, 2015 12:00am
India''s ''loud objections'' to CPEC rejected

India''s ''loud objections'' to CPEC rejected

Adviser to the Prime Minister on Foreign Affairs Sartaj Aziz on Wednesday said that Pakistan-China enhanced economic cooperation is aimed to bring about prosperity in the region and is not against any other country. Speaking at a conference on "Emerging s
Published 19 Nov, 2015 12:00am
Minister defends government's approach to Nandipur project

Minister defends government's approach to Nandipur project

Minister for Water and Power Khwaja Asif on Wednesday claimed that to date Rs 51.5 billion has been spent on Nandipur power project which has been operational since 24 October and is producing 425MW of electricity. Speaking at a joint news conference alon
Published 19 Nov, 2015 12:00am
Minister defends government's approach to Nandipur project

Minister defends government's approach to Nandipur project

Minister for Water and Power Khwaja Asif on Wednesday claimed that to date Rs 51.5 billion has been spent on Nandipur power project which has been operational since 24 October and is producing 425MW of electricity. Speaking at a joint news conference alon
Published 19 Nov, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (November 18, 2015).

Published 19 Nov, 2015 12:00am
Minister defends government''s approach to Nandipur project

Minister defends government''s approach to Nandipur project

Minister for Water and Power Khwaja Asif on Wednesday claimed that to date Rs 51.5 billion has been spent on Nandipur power project which has been operational since 24 October and is producing 425MW of electricity. Speaking at a joint news conference alon
Published 19 Nov, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (November 18, 2015).

Published 19 Nov, 2015 12:00am
CASA-1000 project faces uncertain future

CASA-1000 project faces uncertain future

The Central Asia-South Asia-1000 (CASA-1000) project for the import of 1300 MW from Tajikistan and Kyrgyzstan is likely to hit snags due to poor security situation in Afghanistan as the major portion of the DC transmission line will cross over Afghanistan
Published 19 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 Wednesday (November 18, 2015).

Published 19 Nov, 2015 12:00am
CASA-1000 project faces uncertain future

CASA-1000 project faces uncertain future

The Central Asia-South Asia-1000 (CASA-1000) project for the import of 1300 MW from Tajikistan and Kyrgyzstan is likely to hit snags due to poor security situation in Afghanistan as the major portion of the DC transmission line will cross over Afghanistan
Published 19 Nov, 2015 12:00am
CASA-1000 project faces uncertain future

CASA-1000 project faces uncertain future

The Central Asia-South Asia-1000 (CASA-1000) project for the import of 1300 MW from Tajikistan and Kyrgyzstan is likely to hit snags due to poor security situation in Afghanistan as the major portion of the DC transmission line will cross over Afghanistan
Published 19 Nov, 2015 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (November 18, 2015)

Published 19 Nov, 2015 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (November 18, 2015).

Published 19 Nov, 2015 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 19 Nov, 2015 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 19 Nov, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (November 18, 2015).

Published 19 Nov, 2015 12:00am
New US Ambassador to Pakistan Hale arrives

New US Ambassador to Pakistan Hale arrives

The new US Ambassador to Pakistan David Hale arrived here on Wednesday to take charge of his assignment. the Obama administration gave approval to the appointment of David Hale as the new US ambassador to Pakistan earlier in March David Hale is replacing
Published 19 Nov, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (November 18, 2015).

Published 19 Nov, 2015 12:00am
New US Ambassador to Pakistan Hale arrives

New US Ambassador to Pakistan Hale arrives

The new US Ambassador to Pakistan David Hale arrived here on Wednesday to take charge of his assignment. the Obama administration gave approval to the appointment of David Hale as the new US ambassador to Pakistan earlier in March David Hale is replacing
Published 19 Nov, 2015 12:00am
The Weather

The Weather

The weather report on Wednesday (November 18, 2015) and the forecast for Thursday (November 19, 2015).

Published 19 Nov, 2015 12:00am
Coal plants: rich powers cut export aid

Coal plants: rich powers cut export aid

Advanced economies including the United States, Japan and the European Union have agreed for the first time to restrict state aid for exports of large, inefficient coal-fired power stations, the OECD announced Wednesday. The deal was immediately denounced
Published 19 Nov, 2015 12:00am
Coal plants: rich powers cut export aid

Coal plants: rich powers cut export aid

Advanced economies including the United States, Japan and the European Union have agreed for the first time to restrict state aid for exports of large, inefficient coal-fired power stations, the OECD announced Wednesday. The deal was immediately denounced
Published 19 Nov, 2015 12:00am
Coal plants: rich powers cut export aid

Coal plants: rich powers cut export aid

Advanced economies including the United States, Japan and the European Union have agreed for the first time to restrict state aid for exports of large, inefficient coal-fired power stations, the OECD announced Wednesday. The deal was immediately denounced
Published 19 Nov, 2015 12:00am
Facebook has ruined our culture: Supreme Court

Facebook has ruined our culture: Supreme Court

Reproving one of anti-cultural value of cyber regime in Pakistan on Wednesday, the Supreme Court termed 'girlfriend culture' as a 'custom of the West'. Rejecting after-arrest bail application filed by an accused Muhammad Munir, apprehended under the charg
Published 19 Nov, 2015 12:00am
Facebook has ruined our culture: Supreme Court

Facebook has ruined our culture: Supreme Court

Reproving one of anti-cultural value of cyber regime in Pakistan on Wednesday, the Supreme Court termed 'girlfriend culture' as a 'custom of the West'. Rejecting after-arrest bail application filed by an accused Muhammad Munir, apprehended under the charg
Published 19 Nov, 2015 12:00am
Facebook has ruined our culture: Supreme Court

Facebook has ruined our culture: Supreme Court

Reproving one of anti-cultural value of cyber regime in Pakistan on Wednesday, the Supreme Court termed ''girlfriend culture'' as a ''custom of the West''. Rejecting after-arrest bail application filed by an accused Muhammad Munir, apprehended under the c
Published 19 Nov, 2015 12:00am
Facebook has ruined our culture: Supreme Court

Facebook has ruined our culture: Supreme Court

Reproving one of anti-cultural value of cyber regime in Pakistan on Wednesday, the Supreme Court termed ''''girlfriend culture'''' as a ''''custom of the West''''. Rejecting after-arrest bail application filed by an accused Muhammad Munir, apprehended und
Published 19 Nov, 2015 12:00am
Bank financing for SME sector to be made mandatory: Dar

Bank financing for SME sector to be made mandatory: Dar

In a bid to achieve 7 percent GDP growth rate and facilitate the neglected sector of the economy, the federal government has decided to make bank financing mandatory for Small and Medium Enterprises (SME) sector. Finance Minister Ishaq Dar Wednesday addre
Published 19 Nov, 2015 12:00am
Bank financing for SME sector to be made mandatory: Dar

Bank financing for SME sector to be made mandatory: Dar

In a bid to achieve 7 percent GDP growth rate and facilitate the neglected sector of the economy, the federal government has decided to make bank financing mandatory for Small and Medium Enterprises (SME) sector. Finance Minister Ishaq Dar Wednesday addre
Published 19 Nov, 2015 12:00am
Bank financing for SME sector to be made mandatory: Dar

Bank financing for SME sector to be made mandatory: Dar

In a bid to achieve 7 percent GDP growth rate and facilitate the neglected sector of the economy, the federal government has decided to make bank financing mandatory for Small and Medium Enterprises (SME) sector. Finance Minister Ishaq Dar Wednesday addre
Published 19 Nov, 2015 12:00am
The amended State Bank of Pakistan law

The amended State Bank of Pakistan law

Pressurised by the International Monetary Fund (IMF) through a performance criterion under the EFF arrangement, National Assembly of Pakistan finally passed the "The State Bank of Pakistan (Amendment) Bill, 2015" on 9th November, 2015. This Bill was alrea
Published 19 Nov, 2015 12:00am
Let Brahamdagh succeed

Let Brahamdagh succeed

Politics is art of the possible, and no one seems to have grasped truth in the adage more succinctly than the self-exiled Baloch Republican Party chief Brahamdagh Bugti. Enraged over the killing of his grandfather Nawab Akbar Bugti in a military operation
Published 19 Nov, 2015 12:00am
VIEW POINT: Getting the facts straight

VIEW POINT: Getting the facts straight

Religious parties are very annoyed with the Prime Minister for saying Pakistan's future lies in a democratic and liberal Pakistan where the private sector thrives and no one is left behind. Reacting to the statement last week, Jamaat-e-Islami (JI) Emir Si
Published 19 Nov, 2015 12:00am
NIRC chairman's appointment challenged

NIRC chairman's appointment challenged

The appointment of Chairman, National Industrial Relations Commission (NIRC), former Justice Muhammad Fayyaz has been challenged in Islamabad High Court (IHC) on Wednesday. A single member bench comprising Justice Athar Minallah took up the case filed by
Published 19 Nov, 2015 12:00am
LB polls in Sindh: holiday in 14 districts today

LB polls in Sindh: holiday in 14 districts today

The Government of Sindh has declared November 19 (Thursday) as a closed holiday in all 14 districts of the province where Local Bodies Polls are scheduled to be held. This has been decided to facilitate the voters to cast their votes, the announcement sai
Published 19 Nov, 2015 12:00am
USAID announces grants for energy-related research

USAID announces grants for energy-related research

The UA-Pakistan Centers for Advanced Studies in Energy (USPCAS-E) at the National University of Sciences and Technology (NUST), University of Engineering and Technology (UET), and Arizona State University (ASU), funded by the US Agency for International D
Published 19 Nov, 2015 12:00am
IFC signs agreement with NRSP

IFC signs agreement with NRSP

International Finance Corporation IFC), a member of the World Bank Group, has signed an agreement with Pakistan's NRSP Microfinance Bank to help develop Digital Financial Services (DFS) that will improve access to finance for the country's rural communiti
Published 19 Nov, 2015 12:00am
Reforms to improve business, investment climate shortly: Miftah

Reforms to improve business, investment climate shortly: Miftah

Board of Investment (BoI) Chairman and Special Assistant to Prime Minister, Miftah Ismail, on Wednesday said that the government is planning to introduce reforms which would help improve business and investment environment in the country.
Published 19 Nov, 2015 12:00am
PIA's performance marred by political interference
Currency

PIA's performance marred by political interference

Political interference and overstaffing has rendered Pakistan International Airlines (PIA) inefficient with massive losses with the national flag carrier employing 4.4 times more staff for operational purposes compared to the industry's average. Sources s
Published 19 Nov, 2015 12:00am
Hearing of Benazir Bhutto's murder case adjourned till November 23

Hearing of Benazir Bhutto's murder case adjourned till November 23

Anti-Terrorism Court (ATC) on Wednesday postponed hearing of former Prime Minister Benazir Bhutto's assassination case till November 23. According to details, lawyer of Pervaiz Musharraf Barrister Farrukh Naseem did not appear before the court for complet
Published 19 Nov, 2015 12:00am
FIA nabs 87 human smugglers

FIA nabs 87 human smugglers

The Federal Investigation Agency (FIA) on Wednesday arrested 87 human smugglers and their agents in an ongoing drive against human traffickers. An official said that the FIA teams conducted raids in different parts of the country and recovered many Pakist
Published 19 Nov, 2015 12:00am
SECP holds seminar at NUST Business School

SECP holds seminar at NUST Business School

The Securities and Exchange Commission of Pakistan (SECP) reached to the students of NUST Business School at its campus in Islamabad and organised a seminar for NBS students on investment education and awareness. During the seminar, the Chairman SECP's vi
Published 19 Nov, 2015 12:00am
Two-day ArtTech festival to begin tomorrow

Two-day ArtTech festival to begin tomorrow

Khyber Pakhtunkhwa IT Board in collaboration with World Bank, Khyber Pakhtunkhwa Tourism Corporation and Peshawar 2.0 is going to hold "ArtTech Festival". The two-day festival will be held in Peshawar Museum to be inaugurated by KP senior minister for Inf
Published 19 Nov, 2015 12:00am
FBR sets time-frame for execution of key reform measures

FBR sets time-frame for execution of key reform measures

The Federal Board of Revenue (FBR) has fixed a timeframe for implementation of key reform/policy measures including withdrawal of exemption statutory regulatory orders (SROs) by end-February 2016 and establish centralised electronic database between feder
Published 19 Nov, 2015 12:00am
LPG price rises with advent of winter

LPG price rises with advent of winter

The price of the Liquefied Petroleum Gas (LPG) has increased as a result of surge in demand with the advent of winter, according to market sources. The supply of LPG is 1,650 tons per day against the demand of 2,600 a day. Market sources add that during t
Published 19 Nov, 2015 12:00am
HBL launches 'HBL Nisa' platform for women

HBL launches 'HBL Nisa' platform for women

HBL on Tuesday launched yet another initiative - HBL Nisa - to facilitate women's banking in Pakistan. Women make up nearly half of the Pakistani population, and play a vital role in the country's economic and social development. With Nisa, HBL hopes to c
Published 19 Nov, 2015 12:00am
Prime Minister visits Imam Bukhari's mausoleum

Prime Minister visits Imam Bukhari's mausoleum

Prime Minister Nawaz Sharif on Wednesday offered Fateha at the mausoleum of Abu Abdullah Muhammad Ibne Ismail al-Bukhari, commonly known as Imam Bukhari. Born in Bukhara, Imam Bukhari died in 870 AD and buried some 25 kilometers from Samarkand. He is know
Published 19 Nov, 2015 12:00am
'Bad governance' poses threat to democracy: Imran

'Bad governance' poses threat to democracy: Imran

Pakistan Tehreek-e-Insaf chairman, Imran Khan warned on Tuesday that democracy is under threat due to 'bad governance' in the country. Talking to media after visiting Bomb Disposal Squad Unit in Peshawar, Imran said the entire country is asking the govern
Published 19 Nov, 2015 12:00am
Byco SPM recognised as port by Worldscale

Byco SPM recognised as port by Worldscale

Byco Single Point Mooring (SPM), the first and so far the only SPM in Pakistan, has been included as a new port in the amendment circular issued globally by Worldscale. Worldscale is the name given to the data produced by Worldscale Association (NYC) Inc
Published 19 Nov, 2015 12:00am
CPEC parliamentary body to visit Gwadar on November 28

CPEC parliamentary body to visit Gwadar on November 28

The Parliamentary Committee on China-Pakistan Economic Corridor (CPEC) would visit Gwadar on November 28-29 for a briefing on the Gwadar port and CPEC related projects. The members of the committee would also inspect the Western route by travelling from t
Published 19 Nov, 2015 12:00am
'Mobile Commerce and Banking Summit' held

'Mobile Commerce and Banking Summit' held

The Professionals Network on Wednesday organised Mobile Commerce and Banking Summit & Exhibition, aimed at promoting the country's e-commerce sector steadfastly. Executives from different banks, financial and digital technology sectors attended the event
Published 19 Nov, 2015 12:00am
Habib-METRO donates goods for quake victims

Habib-METRO donates goods for quake victims

Habib-METRO Pakistan (House of Habib) & METRO-Habib Cash & Carry Pakistan arranged nine tons of essential relief items of food and non-food items including blankets, pillows, jackets, sweaters, pulses, flour and sugar etc for the earthquake affectees of S
Published 19 Nov, 2015 12:00am
SHC rejects IG Sindh's apology in contempt case

SHC rejects IG Sindh's apology in contempt case

Sindh High Court (SHC) on Wednesday rejected the unconditional apology letters of 14 police officers including Inspector General (IG) Sindh Ghulam Hyder Jamali in contempt case.
Published 19 Nov, 2015 12:00am
Students of Dawood School welcome Tracy

Students of Dawood School welcome Tracy

Students of Dawood Public School and students from different government schools around Karachi gave a warm and enthusiastic welcome to Tracey Curtis-Taylor solo biplane pilot, when she visited the Dawood Public School this morning. The students regard Tra
Published 19 Nov, 2015 12:00am
Pro-poor development: call for strengthening water economy

Pro-poor development: call for strengthening water economy

The concluding session of the international Water Conference titled "Securing Sustainable Water for All: Inclusion, Integration and Innovation" highlighted that pro-poor development in Pakistan will have to start with water development and strengthening t
Published 19 Nov, 2015 12:00am
Pakistan Postal Service signs MoU with BoP

Pakistan Postal Service signs MoU with BoP

Pakistan Postal Service sign their first-ever Memorandum of Understanding (MoU) with The Bank of Punjab (BOP) on Wednesday. The signing ceremony was conducted in the presence of President of BOP Naeemuddin Khan and Director General Pakistan Postal Service
Published 19 Nov, 2015 12:00am
Iran hands over two bodies

Iran hands over two bodies

Iranian security forces handed over two bodies of Pakistani to Levies force on Pak-Iran borders in Taftan area of Chaghi district. Levies sources said on Wednesday that Muhammad Salman and Muhammad Imran resident of Sialkot area of Punjab were heading to
Published 19 Nov, 2015 12:00am