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Print - 2016-02-12
Punjab PA adopts PT&VTA (Amendment) Bill 2015

Punjab PA adopts PT&VTA (Amendment) Bill 2015

Punjab Assembly in its 19th session here on Thursday passed the Punjab Technical and Vocational Training Authority (Amendment) Bill 2015. The bill was presented by Punjab Law Minister Rana Sanaullah. In the house 'The Punjab Forest (Amendment) Bill 2015 w
Published 12 Feb, 2016 12:00am
Punjab PA adopts PT&VTA (Amendment) Bill 2015

Punjab PA adopts PT&VTA (Amendment) Bill 2015

Punjab Assembly in its 19th session here on Thursday passed the Punjab Technical and Vocational Training Authority (Amendment) Bill 2015. The bill was presented by Punjab Law Minister Rana Sanaullah. In the house 'The Punjab Forest (Amendment) Bill 2015 w
Published 12 Feb, 2016 12:00am
Tevta begins garment sector-related short courses

Tevta begins garment sector-related short courses

The Technical Education and Vocational Training Authority (Tevta) has announced the beginning of its garment-sector-related short courses with Turkish Organisation TiKa at the Government Institute of Emerging Technology in Township in Lahore. Chairperson
Published 12 Feb, 2016 12:00am
Collective efforts needed to boost economy: Shahbaz

Collective efforts needed to boost economy: Shahbaz

A delegation of renowned industrialists and economists met Punjab Chief Minister Muhammad Shahbaz Sharif, here on Thursday and discussed proposals for promotion of economy and investment, increase in exports and creation of job opportunities. Expressing t
Published 12 Feb, 2016 12:00am
Moot to analyse performance of withholding agents
Cotton

Moot to analyse performance of withholding agents

The upcoming Conference of Commissioners Withholding Zones would analyse performance of withholding agents particularly banks and power distribution companies (DISCOs) to improve collection from such agents in second half of 2015-16. It is learnt that the
Published 12 Feb, 2016 12:00am
Wapda clarification

Wapda clarification

The Pakistan Water and Power Development Authority (Wapda) spokesperson has clarified a news item titled "Tarbela extension: Wapda procuring no-approved equipment?" carried by Business Recorder on February 9. The spokesperson has said that all appr
Published 12 Feb, 2016 12:00am
World Bank mission hails LRM, Info System of Punjab

World Bank mission hails LRM, Info System of Punjab

The World Bank mission while appreciating the Land Record Management and Information System of Punjab government has said that the provincial government has taken an exemplary step for computerising land record. The mission said that Chief Minister Punjab
Published 12 Feb, 2016 12:00am
Call for using clean technologies to tackle energy crisis

Call for using clean technologies to tackle energy crisis

The government of Pakistan has reiterated to support Global Cleantech Innovation Programme for Small and Medium Enterprises (SMEs) and Start-ups (GCIP) to create a competition and accelerate promotion of innovations in the area of clean technologies to ef
Published 12 Feb, 2016 12:00am
IPEMC approves 'minimum national education standards'

IPEMC approves 'minimum national education standards'

The Inter-Provincial Education Ministers' Conference (IPEMC) on Thursday approved the minimum national education standards to be applied across the country aimed at setting uniform standards. The national education standard has been adopted and approved w
Published 12 Feb, 2016 12:00am
Fatima Surayya Bajia dies

Fatima Surayya Bajia dies

Not only was Fatima Surayya Bajia, who died on Wednesday, a great drama writer, she was also a highly adorable personality. She was born in Hyderabad (India) in 1930. Bajia started her career as an actress in a play aired by PTV in 1966. Her most famous d
Published 12 Feb, 2016 12:00am
Improved power supply leads to higher growth
Currency

Improved power supply leads to higher growth

This is apropos a Business Recorder news item "Zambia sees higher economic growth on improved power supply". According to it, Zambia's economy is expected to expand by 3.7 percent this year, largely stable from last year but could grow more than fo
Published 12 Feb, 2016 12:00am
Iran seeks tourism millions as nuclear chill ends
Currency

Iran seeks tourism millions as nuclear chill ends

Long seen as a destination strewn with shortcomings, Iran is making a fresh pitch for tourists, with the recent lifting of economic sanctions providing an opportunity to cash in. The tourism industry has been overlooked by successive governments in Tehran
Published 12 Feb, 2016 12:00am
A 'democratic' hypocrisy

A 'democratic' hypocrisy

Corruption has been alive and well in Pakistan for over six decades. Soon after the Quaid died and with Liaquat Ali Khan subsequently assassinated in 1951, a small coterie of bureaucrats and their businessmen friends gave it momentum. Even then, it remain
Published 12 Feb, 2016 12:00am
The Weather

The Weather

The weather report on Thursday (February 11, 2016) and the forecast for Friday (February 12, 2016).

Published 12 Feb, 2016 12:00am
Economic debates
Exchange

Economic debates

"Finally, we submit that as an independent think tank our job is to undertake an objective review of the economic performance of the Government. We have strongly praised the Government's efforts at finalising the CPEC and have argued that the federal PSDP
Published 12 Feb, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (February 11, 2016).

Published 12 Feb, 2016 12:00am
Commonality of interest with EU on deportation

Commonality of interest with EU on deportation

Migration to greener pastures is a universal phenomenon. Among people who migrated to the green pasture of Europe for better life and economic benefit Pakistanis have not been in short supply. Also among them are some of them who asked for, and were given
Published 12 Feb, 2016 12:00am
Growth rate uncertainty
Cotton

Growth rate uncertainty

Finance Minister Ishaq Dar, flanked by the Special Assistant to the Prime Minister on Federal Board of Revenue (FBR) Haroon Akhtar Khan and Chairman FBR Nisar Khan held a press conference on his return from Dubai where the 10th tranche review under the In
Published 12 Feb, 2016 12:00am
PRA starts working in small cities, says minister

PRA starts working in small cities, says minister

The Punjab Revenue Authority (PRA) has started working in small cities to expand its tax net to tap existing potential. After opening a three-day IT exhibition arranged by Lahore Chamber of Commerce and Industry and Zong on Thursday, Punjab Excise and Tax
Published 12 Feb, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (February 11, 2016).

Published 12 Feb, 2016 12:00am
Secretary-level talks: both sides in contact to finalise dates: FO

Secretary-level talks: both sides in contact to finalise dates: FO

As both Pakistan and India are yet to finalise the dates for the foreign secretary-level talks after it was postponed last month, the Foreign Office on Thursday insisted that both sides understand that dialogue is the only way to resolve all outstanding i
Published 12 Feb, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (February 11, 2016)

Published 12 Feb, 2016 12:00am
Secretary-level talks: both sides in contact to finalise dates: FO

Secretary-level talks: both sides in contact to finalise dates: FO

As both Pakistan and India are yet to finalise the dates for the foreign secretary-level talks after it was postponed last month, the Foreign Office on Thursday insisted that both sides understand that dialogue is the only way to resolve all outstanding i
Published 12 Feb, 2016 12:00am
KP doctors call off strike

KP doctors call off strike

The protesting doctors here put off their strikes after successful talks with government, which paralysed healthcare services at major teaching hospitals and other medical facilities in Khyber Pakhtunkhwa. The decision was come after holding hours long de
Published 12 Feb, 2016 12:00am
Google executives get British parliament grilling

Google executives get British parliament grilling

A top Google executive was left struggling for words when he could not remember his own salary at a grilling by British MPs on Thursday over the US tech giant''''s controversial tax bill. Matt Brittin, head of Google Europe, Middle East and Africa said he
Published 12 Feb, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (February 11, 2016).

Published 12 Feb, 2016 12:00am
Google executives get British parliament grilling

Google executives get British parliament grilling

A top Google executive was left struggling for words when he could not remember his own salary at a grilling by British MPs on Thursday over the US tech giant''s controversial tax bill. Matt Brittin, head of Google Europe, Middle East and Africa said he w
Published 12 Feb, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (February 11, 2016).

Published 12 Feb, 2016 12:00am
Google executives get British parliament grilling

Google executives get British parliament grilling

A top Google executive was left struggling for words when he could not remember his own salary at a grilling by British MPs on Thursday over the US tech giant's controversial tax bill. Matt Brittin, head of Google Europe, Middle East and Africa said he wo
Published 12 Feb, 2016 12:00am
Google executives get British parliament grilling

Google executives get British parliament grilling

A top Google executive was left struggling for words when he could not remember his own salary at a grilling by British MPs on Thursday over the US tech giant's controversial tax bill. Matt Brittin, head of Google Europe, Middle East and Africa said he wo
Published 12 Feb, 2016 12:00am
THE RUPEE: range-bound trade
Currency

THE RUPEE: range-bound trade

The rupee traded in a narrow-band versus the dollar on the money market on Thursday in the process of trading, dealers said. The rupee inched up by one paisa against the dollar for buying and selling at Rs 104.65 and Rs 104.68 respectively, they said.
Published 12 Feb, 2016 12:00am
'Pakistan not facilitating any terrorist group'

'Pakistan not facilitating any terrorist group'

Pakistan is carrying out a sustained military campaign against all militants without any discrimination, a Pakistan Embassy spokesman said on Thursday, rejecting insinuations that it was facilitating any terrorist group. "Pakistan has been most actively e
Published 12 Feb, 2016 12:00am
THE RUPEE: range-bound trade
Currency

THE RUPEE: range-bound trade

The rupee traded in a narrow-band versus the dollar on the money market on Thursday in the process of trading, dealers said. The rupee inched up by one paisa against the dollar for buying and selling at Rs 104.65 and Rs 104.68 respectively, they said.
Published 12 Feb, 2016 12:00am
Huge rice consignments stuck at Kenyan port

Huge rice consignments stuck at Kenyan port

Pakistan''s rice consignments of some 1,500 containers have been stuck at the Kenyan seaport since January 20 due to cancellation of license of two harbour yards. Pakistani rice exporters have been informed by Kenyan importers that the license of two port
Published 12 Feb, 2016 12:00am
Huge rice consignments stuck at Kenyan port

Huge rice consignments stuck at Kenyan port

Pakistan's rice consignments of some 1,500 containers have been stuck at the Kenyan seaport since January 20 due to cancellation of license of two harbour yards. Pakistani rice exporters have been informed by Kenyan importers that the license of two port
Published 12 Feb, 2016 12:00am
Huge rice consignments stuck at Kenyan port

Huge rice consignments stuck at Kenyan port

Pakistan's rice consignments of some 1,500 containers have been stuck at the Kenyan seaport since January 20 due to cancellation of license of two harbour yards. Pakistani rice exporters have been informed by Kenyan importers that the license of two port
Published 12 Feb, 2016 12:00am
Kalabagh Dam: CJP urged to constitute another bench

Kalabagh Dam: CJP urged to constitute another bench

Accepting an application for restoration of a plea seeking referendum on controversial Kalabagh Dam, a three-member bench on Thursday referred the matter to the Chief Justice of Pakistan for constitution of another bench to hear the case. Watan Party Chie
Published 12 Feb, 2016 12:00am
Kalabagh Dam: CJP urged to constitute another bench

Kalabagh Dam: CJP urged to constitute another bench

Accepting an application for restoration of a plea seeking referendum on controversial Kalabagh Dam, a three-member bench on Thursday referred the matter to the Chief Justice of Pakistan for constitution of another bench to hear the case. Watan Party Chie
Published 12 Feb, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (February 11, 2016).

Published 12 Feb, 2016 12:00am
Kalabagh Dam: CJP urged to constitute another bench

Kalabagh Dam: CJP urged to constitute another bench

Accepting an application for restoration of a plea seeking referendum on controversial Kalabagh Dam, a three-member bench on Thursday referred the matter to the Chief Justice of Pakistan for constitution of another bench to hear the case. Watan Party Chie
Published 12 Feb, 2016 12:00am
Zalmi edge out Kings in close contest

Zalmi edge out Kings in close contest

The losing streak of Karachi Kings in HBL Pakistan Super League (PSL) continued on Thursday as Peshawar Zalmi edged out them by three runs in a close match at Sharjah Cricket Stadium. In another match, Quetta Gladiators defeated Islamabad United by seven
Published 12 Feb, 2016 12:00am
Zalmi edge out Kings in close contest

Zalmi edge out Kings in close contest

The losing streak of Karachi Kings in HBL Pakistan Super League (PSL) continued on Thursday as Peshawar Zalmi edged out them by three runs in a close match at Sharjah Cricket Stadium. In another match, Quetta Gladiators defeated Islamabad United by seven
Published 12 Feb, 2016 12:00am
Government to revive quadrilateral accord with China: Dastgir

Government to revive quadrilateral accord with China: Dastgir

Commerce Minister Engin-eer Khurram Dastagir Khan said on Thursday that Pakistan is to revive the quadrilateral agreement with China, Kyrgyzstan and Kazakhstan to reach Central Asia without depending on Afghanistan as there is a standstill in transit trad
Published 12 Feb, 2016 12:00am
Government to revive quadrilateral accord with China: Dastgir

Government to revive quadrilateral accord with China: Dastgir

Commerce Minister Engin-eer Khurram Dastagir Khan said on Thursday that Pakistan is to revive the quadrilateral agreement with China, Kyrgyzstan and Kazakhstan to reach Central Asia without depending on Afghanistan as there is a standstill in transit trad
Published 12 Feb, 2016 12:00am
Government to revive quadrilateral accord with China: Dastgir

Government to revive quadrilateral accord with China: Dastgir

Commerce Minister Engin-eer Khurram Dastagir Khan said on Thursday that Pakistan is to revive the quadrilateral agreement with China, Kyrgyzstan and Kazakhstan to reach Central Asia without depending on Afghanistan as there is a standstill in transit trad
Published 12 Feb, 2016 12:00am
Government concerned at ''unwarranted'' increase in sugar price

Government concerned at ''unwarranted'' increase in sugar price

Federal government on Thursday expressed serious concern over unwarranted increase in price of sugar in the domestic market despite a downward trend in international sugar prices and availability of sufficient stocks. An inter-ministerial committee meetin
Published 12 Feb, 2016 12:00am
Government concerned at 'unwarranted' increase in sugar price

Government concerned at 'unwarranted' increase in sugar price

Federal government on Thursday expressed serious concern over unwarranted increase in price of sugar in the domestic market despite a downward trend in international sugar prices and availability of sufficient stocks. An inter-ministerial committee meetin
Published 12 Feb, 2016 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 12 Feb, 2016 12:00am
Government concerned at 'unwarranted' increase in sugar price

Government concerned at 'unwarranted' increase in sugar price

Federal government on Thursday expressed serious concern over unwarranted increase in price of sugar in the domestic market despite a downward trend in international sugar prices and availability of sufficient stocks. An inter-ministerial committee meetin
Published 12 Feb, 2016 12:00am
Nato launches sea mission against migrant traffickers

Nato launches sea mission against migrant traffickers

Nato ships are on their way to the Aegean Sea to help Turkey and Greece crack down on criminal networks smuggling refugees into Europe, the alliance's top commander said on Thursday. Hours after Nato defence ministers agreed to use their maritime force in
Published 12 Feb, 2016 12:00am
Board Meetings
Exchange

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 12 Feb, 2016 12:00am
Nato launches sea mission against migrant traffickers

Nato launches sea mission against migrant traffickers

Nato ships are on their way to the Aegean Sea to help Turkey and Greece crack down on criminal networks smuggling refugees into Europe, the alliance's top commander said on Thursday. Hours after Nato defence ministers agreed to use their maritime force in
Published 12 Feb, 2016 12:00am
Russia warns foreign offensive in Syria could spark 'world war'

Russia warns foreign offensive in Syria could spark 'world war'

Russian Prime Minister Dmitry Medvedev warned Thursday that if Arab forces entered the Syrian war they could spark a "new world war" and urged cease-fire talks instead. Asked about proposals by some Arab countries to enter the conflict under a US command,
Published 12 Feb, 2016 12:00am
Russia warns foreign offensive in Syria could spark 'world war'

Russia warns foreign offensive in Syria could spark 'world war'

Russian Prime Minister Dmitry Medvedev warned Thursday that if Arab forces entered the Syrian war they could spark a "new world war" and urged cease-fire talks instead. Asked about proposals by some Arab countries to enter the conflict under a US command,
Published 12 Feb, 2016 12:00am
BRIndex30 falls 201.77 points

BRIndex30 falls 201.77 points

On Thursday, BRIndex30 opened at 19,610.12 points. It touched an intraday high of 19,698.49 points and an intraday low of 19,370.81 points and closed at 19,408.35 points which was -201.77 points or -1.03 percent lower than previous close. Total volume was
Published 12 Feb, 2016 12:00am
BRIndex30 falls 201.77 points

BRIndex30 falls 201.77 points

On Thursday, BRIndex30 opened at 19,610.12 points. It touched an intraday high of 19,698.49 points and an intraday low of 19,370.81 points and closed at 19,408.35 points which was -201.77 points or -1.03 percent lower than previous close. Total volume was
Published 12 Feb, 2016 12:00am
Selling pressure persists

Selling pressure persists

Selling pressure continued Thursday as the KSE-100 index tumbled by another 324 points to close at 31,820 points. The volatile index moved both ways to hit the session''s high and low of 32,205 points and 31,782 points. Trading turnover slid to 113 millio
Published 12 Feb, 2016 12:00am
Selling pressure persists

Selling pressure persists

Selling pressure continued Thursday as the KSE-100 index tumbled by another 324 points to close at 31,820 points. The volatile index moved both ways to hit the session's high and low of 32,205 points and 31,782 points. Trading turnover slid to 113 million
Published 12 Feb, 2016 12:00am
Selling pressure persists

Selling pressure persists

Selling pressure continued Thursday as the KSE-100 index tumbled by another 324 points to close at 31,820 points. The volatile index moved both ways to hit the session's high and low of 32,205 points and 31,782 points. Trading turnover slid to 113 million
Published 12 Feb, 2016 12:00am