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Print - 2016-01-08
Bilawal forms four-member team to attend BNP-M APC

Bilawal forms four-member team to attend BNP-M APC

Chairman, Pakistan People's Party (PPP), Bilawal Bhutto Zardari here Thursday formed a 4-member PPP delegation led by Senator Farhatullah Babar to attend the All Parties Conference (APC) being organised by Balochistan National Party (Mengal) in Islamabad
Published 08 Jan, 2016 12:00am
Karachi Port: 22,000 kgs of pyrotechnic explosives seized

Karachi Port: 22,000 kgs of pyrotechnic explosives seized

Directorate General, Intelligence & Investigation-FBR (Customs Enforcement), Karachi on Thursday claimed to have seized 22,000 kilograms of pyrotechnic explosives from Karachi port. According to officials, the action was taken on a tipoff, which revealed
Published 08 Jan, 2016 12:00am
Karachi Port: 22,000 kgs of pyrotechnic explosives seized

Karachi Port: 22,000 kgs of pyrotechnic explosives seized

Directorate General, Intelligence & Investigation-FBR (Customs Enforcement), Karachi on Thursday claimed to have seized 22,000 kilograms of pyrotechnic explosives from Karachi port. According to officials, the action was taken on a tipoff, which revealed
Published 08 Jan, 2016 12:00am
Rains turn weather pleasant

Rains turn weather pleasant

A short rainy spell in the wee hours Thursday whipped the city, reducing the temperature a bit and turning the atmosphere pleasant. However, the Met Office said the rain was too scant to record and called the rainfall 'traces'. The short spell helped remo
Published 08 Jan, 2016 12:00am
NA-122: two independent candidates allowed to become a party

NA-122: two independent candidates allowed to become a party

An Election Tribunal is allowing two independent candidates of constituency NA-122 to become a party following a petition challenging the election of National Assembly Speaker Sardar Ayaz Sadiq and adjourned until January 13 the case. On Thursday, the pet
Published 08 Jan, 2016 12:00am
Anti-terrorism campaign: PTI stands with Army Chief

Anti-terrorism campaign: PTI stands with Army Chief

The Pakistan Tehreek-e-Insaf in the Punjab has given its backing to the Army Chief's anti-terrorism campaign against terror organisations in the province. Party Organiser, Chaudhry Mohammad Sarwar talking to party workers' delegations and the media at his
Published 08 Jan, 2016 12:00am
The Weather

The Weather

The weather report on Thursday (January 07, 2016) and the forecast for Friday (January 08, 2016).

Published 08 Jan, 2016 12:00am
Forex reserves down by $264 million
Exchange

Forex reserves down by $264 million

The country's total liquid foreign reserves fell by $264 million during the last week. According to State Bank of Pakistan (SBP) weekly foreign exchange reserves' report issued on Thursday, after reaching all time high level of $21 billion, the country's
Published 08 Jan, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (January 07, 2016).

Published 08 Jan, 2016 12:00am
'Saudi-Iran row and us'

'Saudi-Iran row and us'

This is apropos 'Saudi-Iran row and us' carried by Business Recorder on its op-ed yesterday. Saida Fazal argued, among other things, that "the spat between the two Mid-Eastern rival states has various outsiders worried about repercussions for their
Published 08 Jan, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (January 07, 2016).

Published 08 Jan, 2016 12:00am
At CES, brainy refrigerators plug smart-home future

At CES, brainy refrigerators plug smart-home future

Every year at the Consumer Electronics Show in Las Vegas, home appliances get more wired and the functions get fancier. But what's really smart for the smart home of the future remains to be seen. A washing machine that orders its own detergent. A remote-
Published 08 Jan, 2016 12:00am
Pathankot rumblings

Pathankot rumblings

A motivated terrorist attack with a far more deadly purpose than just killing people, Pathankot was a cold-blooded effort to derail the impending comprehensive "dialogue" between India and Pakistan starting January 15, 2016. While seven soldiers were kill
Published 08 Jan, 2016 12:00am
Optimizing tax collection

Optimizing tax collection

The governments, both federal and provincial, have shown a lukewarm attitude towards optimizing tax collection. Reliance on easily-collectable indirect taxes with weak enforcement, reluctance to tax the rich and mighty, inefficiencies, incompetence and co
Published 08 Jan, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (January 07, 2016).

Published 08 Jan, 2016 12:00am
Pakistan ranks even lower

Pakistan ranks even lower

The World Bank has further downgraded Pakistan's ranking in doing business index to 138 out of 189 countries indicating serious lacunae in the system that not only remain unaddressed by the Sharif administration but, given a significant decline in our rat
Published 08 Jan, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (January 07, 2016)

Published 08 Jan, 2016 12:00am
Saudi-Iran tensions

Saudi-Iran tensions

While tensions between Saudi Arabia and Iran remain high following Saudi execution of a Shia cleric Nimr al-Nimr and the burning of its embassy in Iran, Islamabad is feeling the heat from both inside the country and outside. It is yet to come clear as to
Published 08 Jan, 2016 12:00am
Prime Minister needs to intervene
Exchange

Prime Minister needs to intervene

Prime Minister Nawaz Sharif is expected to launch the working of country's integrated bourses, to be known as Pakistan Stock Exchange, on Monday. But the way the law enforcement agencies, namely the Federal Investigation Agency (FIA) and the National Acco
Published 08 Jan, 2016 12:00am
Allocation of 60mmcfd gas to Engro creates rift among players

Allocation of 60mmcfd gas to Engro creates rift among players

The government''s decision to allocate 60 million cubic feet per day (mmcfd) of gas to Engro Fertiliser has created a rift among major players. According to officials in the Ministry of Petroleum, in 2011, to deal with the electricity crisis, the governme
Published 08 Jan, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (January 07, 2016).

Published 08 Jan, 2016 12:00am
Allocation of 60mmcfd gas to Engro creates rift among players

Allocation of 60mmcfd gas to Engro creates rift among players

The government's decision to allocate 60 million cubic feet per day (mmcfd) of gas to Engro Fertiliser has created a rift among major players. According to officials in the Ministry of Petroleum, in 2011, to deal with the electricity crisis, the governmen
Published 08 Jan, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (January 07, 2016).

Published 08 Jan, 2016 12:00am
Allocation of 60mmcfd gas to Engro creates rift among players

Allocation of 60mmcfd gas to Engro creates rift among players

The government's decision to allocate 60 million cubic feet per day (mmcfd) of gas to Engro Fertiliser has created a rift among major players. According to officials in the Ministry of Petroleum, in 2011, to deal with the electricity crisis, the governmen
Published 08 Jan, 2016 12:00am
STRs detected in Afghan transit trade
Currency

STRs detected in Afghan transit trade

Pakistani authorities have reportedly detected suspicious transactions reports (STRs) in connection with Afghan Transit Trade business by ensuring effective implementation of cross border movement of currency as part of measures taken to counter financing
Published 08 Jan, 2016 12:00am
STRs detected in Afghan transit trade
Currency

STRs detected in Afghan transit trade

Pakistani authorities have reportedly detected suspicious transactions reports (STRs) in connection with Afghan Transit Trade business by ensuring effective implementation of cross border movement of currency as part of measures taken to counter financing
Published 08 Jan, 2016 12:00am
THE RUPEE: mixed patterns
Currency

THE RUPEE: mixed patterns

The rupee played both sides against the dollar on the money market on Thursday, dealers said. The rupee shed two-paisa against the dollar for buying and selling at Rs 104.92 and Rs 104.95 respectively, experts said.
Published 08 Jan, 2016 12:00am
STRs detected in Afghan transit trade
Currency

STRs detected in Afghan transit trade

Pakistani authorities have reportedly detected suspicious transactions reports (STRs) in connection with Afghan Transit Trade business by ensuring effective implementation of cross border movement of currency as part of measures taken to counter financing
Published 08 Jan, 2016 12:00am
THE RUPEE: mixed patterns
Currency

THE RUPEE: mixed patterns

The rupee played both sides against the dollar on the money market on Thursday, dealers said. The rupee shed two-paisa against the dollar for buying and selling at Rs 104.92 and Rs 104.95 respectively, experts said.
Published 08 Jan, 2016 12:00am
SRB witnesses 33 percent growth in H1 tax collection

SRB witnesses 33 percent growth in H1 tax collection

The Sindh Revenue Board (SRB) Thursday claimed to have witnessed 33 percent growth in its revenue collection during first six months of current fiscal year. The official statistics revealed that the provincial revenue body has collected Rs 28.45 billion a
Published 08 Jan, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (January 07, 2016).

Published 08 Jan, 2016 12:00am
SRB witnesses 33 percent growth in H1 tax collection

SRB witnesses 33 percent growth in H1 tax collection

The Sindh Revenue Board (SRB) Thursday claimed to have witnessed 33 percent growth in its revenue collection during first six months of current fiscal year. The official statistics revealed that the provincial revenue body has collected Rs 28.45 billion a
Published 08 Jan, 2016 12:00am
SRB witnesses 33 percent growth in H1 tax collection

SRB witnesses 33 percent growth in H1 tax collection

The Sindh Revenue Board (SRB) Thursday claimed to have witnessed 33 percent growth in its revenue collection during first six months of current fiscal year. The official statistics revealed that the provincial revenue body has collected Rs 28.45 billion a
Published 08 Jan, 2016 12:00am
Telecom sector facing heavy taxation, government admits

Telecom sector facing heavy taxation, government admits

Expressing serious concerns over heavy/double taxations on telecom sector, State Minister for Information Technology and Telecommunication Anusha Reham said that the business environment for IT sector in the country is going to strangulate to death. Quoti
Published 08 Jan, 2016 12:00am
Telecom sector facing heavy taxation, government admits

Telecom sector facing heavy taxation, government admits

Expressing serious concerns over heavy/double taxations on telecom sector, State Minister for Information Technology and Telecommunication Anusha Reham said that the business environment for IT sector in the country is going to strangulate to death. Quoti
Published 08 Jan, 2016 12:00am
Telecom sector facing heavy taxation, government admits

Telecom sector facing heavy taxation, government admits

Expressing serious concerns over heavy/double taxations on telecom sector, State Minister for Information Technology and Telecommunication Anusha Reham said that the business environment for IT sector in the country is going to strangulate to death. Quoti
Published 08 Jan, 2016 12:00am
Telecom sector facing heavy taxation, government admits

Telecom sector facing heavy taxation, government admits

Expressing serious concerns over heavy/double taxations on telecom sector, State Minister for Information Technology and Telecommunication Anusha Reham said that the business environment for IT sector in the country is going to strangulate to death. Quoti
Published 08 Jan, 2016 12:00am
Czech lawmaker faces Swiss probe over $350 million account

Czech lawmaker faces Swiss probe over $350 million account

Switzerland has opened an investigation against a Czech member of the European parliament who allegedly presented fake documents in connection with a 350-million-euro ($380-million) bank account, an official said Thursday.
Published 08 Jan, 2016 12:00am
Presentation at K.S.E. Auditorium

Presentation at K.S.E. Auditorium

Presentation at K.S.E. Auditorium (only for TRE certificate holders and their authorised employees).

Published 08 Jan, 2016 12:00am
Czech lawmaker faces Swiss probe over $350 million account

Czech lawmaker faces Swiss probe over $350 million account

Switzerland has opened an investigation against a Czech member of the European parliament who allegedly presented fake documents in connection with a 350-million-euro ($380-million) bank account, an official said Thursday.
Published 08 Jan, 2016 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 08 Jan, 2016 12:00am
Czech lawmaker faces Swiss probe over $350 million account

Czech lawmaker faces Swiss probe over $350 million account

Switzerland has opened an investigation against a Czech member of the European parliament who allegedly presented fake documents in connection with a 350-million-euro ($380-million) bank account, an official said Thursday.
Published 08 Jan, 2016 12:00am
Board Meetings
Exchange

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 08 Jan, 2016 12:00am
27 Brigadiers promoted to rank of Major-General

27 Brigadiers promoted to rank of Major-General

A number of 27 Brigadiers including eight from Army Medical Corps promoted to the rank of Major General at Promotion Board, held at General Headquarters and presided by Chief of Army Staff (CoAS), General Raheel Sharif on Thursday. Brigadiers promoted inc
Published 08 Jan, 2016 12:00am
27 Brigadiers promoted to rank of Major-General

27 Brigadiers promoted to rank of Major-General

A number of 27 Brigadiers including eight from Army Medical Corps promoted to the rank of Major General at Promotion Board, held at General Headquarters and presided by Chief of Army Staff (CoAS), General Raheel Sharif on Thursday. Brigadiers promoted inc
Published 08 Jan, 2016 12:00am
Ministry all set to wind up Pepco

Ministry all set to wind up Pepco

Ministry of Water and Power is all set to wind up Pakistan Electric Power Company (Pepco) and establish a monitoring unit as an arm of the Ministry to oversee the affairs of power sector after getting approval from Prime Minister Nawaz Sharif. This was di
Published 08 Jan, 2016 12:00am
Ministry all set to wind up Pepco

Ministry all set to wind up Pepco

Ministry of Water and Power is all set to wind up Pakistan Electric Power Company (Pepco) and establish a monitoring unit as an arm of the Ministry to oversee the affairs of power sector after getting approval from Prime Minister Nawaz Sharif. This was di
Published 08 Jan, 2016 12:00am
Ministry all set to wind up Pepco

Ministry all set to wind up Pepco

Ministry of Water and Power is all set to wind up Pakistan Electric Power Company (Pepco) and establish a monitoring unit as an arm of the Ministry to oversee the affairs of power sector after getting approval from Prime Minister Nawaz Sharif. This was di
Published 08 Jan, 2016 12:00am
Sindh-based sugar mills: Centre unlikely to extend cash support

Sindh-based sugar mills: Centre unlikely to extend cash support

The Federal government is unlikely to extend Rs 13 per kg cash support on export to Sindh- based sugar mills which are paying Rs 172 per 40 kg to growers instead of Rs 180 per 40 kg as was announced by the federal government, well informed sources told <i
Published 08 Jan, 2016 12:00am
Sindh-based sugar mills: Centre unlikely to extend cash support

Sindh-based sugar mills: Centre unlikely to extend cash support

The Federal government is unlikely to extend Rs 13 per kg cash support on export to Sindh- based sugar mills which are paying Rs 172 per 40 kg to growers instead of Rs 180 per 40 kg as was announced by the federal government, well informed sources told <i
Published 08 Jan, 2016 12:00am
Sindh-based sugar mills: Centre unlikely to extend cash support

Sindh-based sugar mills: Centre unlikely to extend cash support

The Federal government is unlikely to extend Rs 13 per kg cash support on export to Sindh- based sugar mills which are paying Rs 172 per 40 kg to growers instead of Rs 180 per 40 kg as was announced by the federal government, well informed sources told <i
Published 08 Jan, 2016 12:00am
BRIndex30 drops 198.4 points

BRIndex30 drops 198.4 points

On Thursday, BRIndex30 opened at 20,238.92 points. It touched an intraday high of 20,245.52 points and an intraday low of 20,029.04 points and closed at 20,040.52 points which was -198.4 points or -0.98 percent lower than previous close. Total volume was
Published 08 Jan, 2016 12:00am
BRIndex30 drops 198.4 points

BRIndex30 drops 198.4 points

On Thursday, BRIndex30 opened at 20,238.92 points. It touched an intraday high of 20,245.52 points and an intraday low of 20,029.04 points and closed at 20,040.52 points which was -198.4 points or -0.98 percent lower than previous close. Total volume was
Published 08 Jan, 2016 12:00am
Bears take control

Bears take control

Bears dominated the Thursday''s proceedings because of what analysts said downward trend in global equities and international crude oil prices. The KSE-100 index shed 286 points, or 0.87 percent, to close at 32,682.50 from 32,968.26, which proved to be th
Published 08 Jan, 2016 12:00am
Bears take control

Bears take control

Bears dominated the Thursday's proceedings because of what analysts said downward trend in global equities and international crude oil prices. The KSE-100 index shed 286 points, or 0.87 percent, to close at 32,682.50 from 32,968.26, which proved to be the
Published 08 Jan, 2016 12:00am
Bears take control

Bears take control

Bears dominated the Thursday's proceedings because of what analysts said downward trend in global equities and international crude oil prices. The KSE-100 index shed 286 points, or 0.87 percent, to close at 32,682.50 from 32,968.26, which proved to be the
Published 08 Jan, 2016 12:00am
PSM could ultimately land in Chinese hands?

PSM could ultimately land in Chinese hands?

Minister for Finance Ishaq Dar directed the Privatisation Commission (PC) to provide the required information on Pakistan Steel Mills to the Sindh government at the earliest so that the process of privatisation could be taken forward expeditiously. PC had
Published 08 Jan, 2016 12:00am
PSM could ultimately land in Chinese hands?

PSM could ultimately land in Chinese hands?

Minister for Finance Ishaq Dar directed the Privatisation Commission (PC) to provide the required information on Pakistan Steel Mills to the Sindh government at the earliest so that the process of privatisation could be taken forward expeditiously. PC had
Published 08 Jan, 2016 12:00am
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