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Print - 2016-02-23
Minister pays surprise visit to various brick kilns

Minister pays surprise visit to various brick kilns

The provincial minister for labour and human resource made an unannounced visit of different brick kilns at Jia Bagga on Monday to inspect if they have executed the 2016 Restriction of Employment of Children at Brick Kilns Ordinance.
Published 23 Feb, 2016 12:00am
Sundar Industrial Estate selected for Best Enterprise award

Sundar Industrial Estate selected for Best Enterprise award

The Sundar Industrial Estate has been picked out for the Best Enterprise award and the chairman of the Punjab Industrial Estate Development and Management Company for the Manager of the Year medal. Britain's Europe Business Assembly, which selected the Su
Published 23 Feb, 2016 12:00am
'Business community appreciates significance of CPEC'

'Business community appreciates significance of CPEC'

The army chief has praised the China-Pakistan Economic Corridor, claiming it has already started showing a positive impact on Pakistan's economy while seven-to-eight-percent growth rate is being predicted as soon as it completes. While paying tributes to
Published 23 Feb, 2016 12:00am
Government policies strengthen economy: Shahbaz

Government policies strengthen economy: Shahbaz

Punjab Chief Minister Shahbaz Sharif has said that due to the solid economic policies of the government, national economy has strengthened and today's Pakistan is more developed than 2013. He said political parties opposing development projects cannot sto
Published 23 Feb, 2016 12:00am
Automobile sector: Tevta to start short courses soon

Automobile sector: Tevta to start short courses soon

Tevta Chairperson Irfan Qaiser Sheikh said on Monday that authority will start demand-driven short courses in the automobile sector soon. He stated this while addressing a signing ceremony of a memorandum of understanding with Ravi Autos Sundar Company at
Published 23 Feb, 2016 12:00am
Nazaria-i-Pakistan conference begins today

Nazaria-i-Pakistan conference begins today

The 8th 3-day annual Nazaria-i-Pakistan conference commences at Aiwan-e-Karkunan-e-Tahrik-e-Pakistan on the Mall road here today with the vision to make Pakistan a modern Islamic, Ideological, Welfare and Democratic State.
Published 23 Feb, 2016 12:00am
Oil ends up six percent on lower shale output bet, equity rally

Oil ends up six percent on lower shale output bet, equity rally

Oil markets settled up as much as 6 percent on Monday as speculation about falling US shale output and a rally in equities fed the notion that crude prices may be bottoming after a 20-month collapse. Prices began the week with a rebound in Asian trade, re
Published 23 Feb, 2016 12:00am
US MIDDAY: wheat dips

US MIDDAY: wheat dips

US soyabean futures rose to their highest in nearly three weeks early on Monday, supported by technical buying and signs of stronger-than-expected export demand, traders said. Overseas interest for US supplies also supported corn futures, which rose to th
Published 23 Feb, 2016 12:00am
US MIDDAY: gold falls two percent
Exchange

US MIDDAY: gold falls two percent

Gold prices slipped as much as 2 percent early on Monday as the dollar strengthened and investor appetite for risk increased, but the metal remained above $1,200 an ounce after a rally that pushed prices to one-year highs this month. Concern over financia
Published 23 Feb, 2016 12:00am
Armed forces ready but politicians reluctant

Armed forces ready but politicians reluctant

This is apropos a news item "Security, execution of CPEC: Forces ready to pay any price" carried by the newspaper on Saturday. According to it, Chief of Army Staff (CoAS) General Raheel Sharif during his visit to the Headquarters of the newly-raised Speci
Published 23 Feb, 2016 12:00am
Iraq's Abadi keeps Iran at arm's length in war on Islamic State

Iraq's Abadi keeps Iran at arm's length in war on Islamic State

As fighting in Iraq raged last summer, Iranian Major-General Qassem Soleimani came across unexpected opposition to his plans to defeat Islamic State. Soleimani is the commander of Iran's al-Quds brigade and has been a key figure in the fight against the S
Published 23 Feb, 2016 12:00am
Brexit, Brussels and the art of deal-making

Brexit, Brussels and the art of deal-making

The deal David Cameron has asked Britons to vote on to remain in what he calls a "reformed EU" has been years in the making - and its making says much about how today's European Union works. For EU chief executive Jean-Claude Juncker, speaking after Frida
Published 23 Feb, 2016 12:00am
Headed for doomsday?

Headed for doomsday?

In today's world, accountability isn't an acceptable proposition for those adoring the corridors of power. The more corrupt and valueless a polity, greater its abhorrence for any idea whose materialisation could result in politicians' accountability for t
Published 23 Feb, 2016 12:00am
Lifting sanctions on Iran

Lifting sanctions on Iran

There is absolutely no doubt that the government of Pakistan's decision to lift sanctions on Iran on 19th February 2016, would result in a win-win situation for both the neighbours. The decision was taken by an inter-ministerial meeting chaired by Finance
Published 23 Feb, 2016 12:00am
Wheat worries
Exchange

Wheat worries

It would appear strange but bounties of nature could sometimes have their own complications and side issues. The surplus wheat the country has in its stores this season reflects such an unusual situation. As the new harvesting season nears in both Sindh a
Published 23 Feb, 2016 12:00am
Thousands of Afghans stranded in Greece as Macedonia shuts border

Thousands of Afghans stranded in Greece as Macedonia shuts border

Thousands of migrants were left stranded in Greece Monday after Macedonia abruptly closed it border to Afghans, creating a fresh bottleneck as European countries scramble to respond to the continent's worst refugee crisis since World War II. Overall, some
Published 23 Feb, 2016 12:00am
Thousands of Afghans stranded in Greece as Macedonia shuts border

Thousands of Afghans stranded in Greece as Macedonia shuts border

Thousands of migrants were left stranded in Greece Monday after Macedonia abruptly closed it border to Afghans, creating a fresh bottleneck as European countries scramble to respond to the continent's worst refugee crisis since World War II. Overall, some
Published 23 Feb, 2016 12:00am
Diplomatic relations with Solomon Islands established

Diplomatic relations with Solomon Islands established

Diplomatic relations between the Islamic Republic of Pakistan and the Solomon Islands were formally established, pursuant to the signing of a Joint Communiqué between the two countries on 19th February 2016, in Honiara. Foreign Minister George Milner Toza
Published 23 Feb, 2016 12:00am
Diplomatic relations with Solomon Islands established

Diplomatic relations with Solomon Islands established

Diplomatic relations between the Islamic Republic of Pakistan and the Solomon Islands were formally established, pursuant to the signing of a Joint Communiqué between the two countries on 19th February 2016, in Honiara. Foreign Minister George Milner Toza
Published 23 Feb, 2016 12:00am
Jamaat 'most democratic party': Pildat

Jamaat 'most democratic party': Pildat

The ruling Pakistan Muslim League-Nawaz (PML-N) has emerged as "least democratic" party for the second consecutive year in a systematic evaluation of intra-party democracy in the country in which Jamaat-e-Islami (JI) is ranked as the most democratic party
Published 23 Feb, 2016 12:00am
Jamaat 'most democratic party': Pildat

Jamaat 'most democratic party': Pildat

The ruling Pakistan Muslim League-Nawaz (PML-N) has emerged as "least democratic" party for the second consecutive year in a systematic evaluation of intra-party democracy in the country in which Jamaat-e-Islami (JI) is ranked as the most democratic party
Published 23 Feb, 2016 12:00am
Textile exports register sharp fall in January
Cotton

Textile exports register sharp fall in January

A decline in textile exports continued in January showing a drastic drop in basic textile exports both in quantity and value terms. The value-added exports have shown a subdued growth against the corresponding period, claims an export data released by the
Published 23 Feb, 2016 12:00am
Textile exports register sharp fall in January
Cotton

Textile exports register sharp fall in January

A decline in textile exports continued in January showing a drastic drop in basic textile exports both in quantity and value terms. The value-added exports have shown a subdued growth against the corresponding period, claims an export data released by the
Published 23 Feb, 2016 12:00am
The Weather

The Weather

The weather report on Monday (February 22, 2016) and the forecast for Tuesday (February 23, 2016).

Published 23 Feb, 2016 12:00am
Textile exports register sharp fall in January
Cotton

Textile exports register sharp fall in January

A decline in textile exports continued in January showing a drastic drop in basic textile exports both in quantity and value terms. The value-added exports have shown a subdued growth against the corresponding period, claims an export data released by the
Published 23 Feb, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (February 22, 2016).

Published 23 Feb, 2016 12:00am
Electoral reforms: third in-camera meeting of parliamentary body held

Electoral reforms: third in-camera meeting of parliamentary body held

The third in-camera meeting of Sub-Committee of Parliamentary Committee on Electoral Reforms was held under chairmanship of Dr Arif Alvi and took stock of progress on bio-metric system of authentication of voters and use of Electronic Voting Machines (EVM
Published 23 Feb, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (February 22, 2016).

Published 23 Feb, 2016 12:00am
Electoral reforms: third in-camera meeting of parliamentary body held

Electoral reforms: third in-camera meeting of parliamentary body held

The third in-camera meeting of Sub-Committee of Parliamentary Committee on Electoral Reforms was held under chairmanship of Dr Arif Alvi and took stock of progress on bio-metric system of authentication of voters and use of Electronic Voting Machines (EVM
Published 23 Feb, 2016 12:00am
CJP summons JC meeting on February 27

CJP summons JC meeting on February 27

Chief Justice of Pakistan Anwar Zaheer Jamali on Monday summoned a key session of judicial commission on February 27. The meeting would be presided over by CJP Anwar Zaheer Jamali. According to details, the decision regarding making as many as six Lahore
Published 23 Feb, 2016 12:00am
CJP summons JC meeting on February 27

CJP summons JC meeting on February 27

Chief Justice of Pakistan Anwar Zaheer Jamali on Monday summoned a key session of judicial commission on February 27. The meeting would be presided over by CJP Anwar Zaheer Jamali. According to details, the decision regarding making as many as six Lahore
Published 23 Feb, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (February 22, 2016).

Published 23 Feb, 2016 12:00am
LeJ operative Asif Chotu arrested at DG Khan

LeJ operative Asif Chotu arrested at DG Khan

A key operative of banned sectarian outfit Lashkar-e-Jhangvi (LeJ) was arrested from Dera Ghazi Khan, here on Monday. According to a source, LJ-affiliated militant Asif Chotu was held after police launched a search operation in DG Khan. Chotu was wanted b
Published 23 Feb, 2016 12:00am
LeJ operative Asif Chotu arrested at DG Khan

LeJ operative Asif Chotu arrested at DG Khan

A key operative of banned sectarian outfit Lashkar-e-Jhangvi (LeJ) was arrested from Dera Ghazi Khan, here on Monday. According to a source, LJ-affiliated militant Asif Chotu was held after police launched a search operation in DG Khan. Chotu was wanted b
Published 23 Feb, 2016 12:00am
Agriculture sector USAID, PBIT sign MoU

Agriculture sector USAID, PBIT sign MoU

United States Agency for International Development (USAID) and the Punjab Board of Investment and Trade (PBIT) signed a memorandum of understanding (MoU) on Monday to promote Punjab as a desirable destination for investment in agriculture. "The MoU signed
Published 23 Feb, 2016 12:00am
BRIndex30 loses 308.2 points

BRIndex30 loses 308.2 points

On Monday, BRIndex30 opened at 18,721.89 points. It touched an intraday high of 18,757.18 points and an intraday low of 18,367.98 points and closed at 18,413.69 points which was -308.2 points or -1.65 percent lower than previous close. Total volume was 77
Published 23 Feb, 2016 12:00am
BRIndex30 loses 308.2 points

BRIndex30 loses 308.2 points

On Monday, BRIndex30 opened at 18,721.89 points. It touched an intraday high of 18,757.18 points and an intraday low of 18,367.98 points and closed at 18,413.69 points which was -308.2 points or -1.65 percent lower than previous close. Total volume was 77
Published 23 Feb, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (February 22, 2016)

Published 23 Feb, 2016 12:00am
Negative sentiment prevails
Exchange

Negative sentiment prevails

A negative sentiment prevailed on Pakistan Stock Exchange (PSX) on the first trading day of the week Monday. Investor concerns for foreign outflows pushed down the benchmark KSE-100 index below 31,000-point level. The index lost 334 points to reach at 30,
Published 23 Feb, 2016 12:00am
Negative sentiment prevails
Exchange

Negative sentiment prevails

A negative sentiment prevailed on Pakistan Stock Exchange (PSX) on the first trading day of the week Monday. Investor concerns for foreign outflows pushed down the benchmark KSE-100 index below 31,000-point level. The index lost 334 points to reach at 30,
Published 23 Feb, 2016 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 (February 22, 2016).

Published 23 Feb, 2016 12:00am
Negative sentiment prevails
Exchange

Negative sentiment prevails

A negative sentiment prevailed on Pakistan Stock Exchange (PSX) on the first trading day of the week Monday. Investor concerns for foreign outflows pushed down the benchmark KSE-100 index below 31,000-point level. The index lost 334 points to reach at 30,
Published 23 Feb, 2016 12:00am
Grain market rates
Cotton

Grain market rates

Karachi grain market rates in rupees on Monday (February 22, 2016).

Published 23 Feb, 2016 12:00am
Gulf banks under pressure: Moody''''s

Gulf banks under pressure: Moody''''s

Banks in the six-nation Gulf Cooperation Council (GCC) are being increasingly challenged by a liquidity squeeze resulting from low oil prices, Moody''''s Investor Services said on Monday. A sustained loss in oil revenue is likely to reduce government and
Published 23 Feb, 2016 12:00am
Gulf banks under pressure: Moody''s

Gulf banks under pressure: Moody''s

Banks in the six-nation Gulf Cooperation Council (GCC) are being increasingly challenged by a liquidity squeeze resulting from low oil prices, Moody''s Investor Services said on Monday. A sustained loss in oil revenue is likely to reduce government and go
Published 23 Feb, 2016 12:00am
Gulf banks under pressure: Moody's

Gulf banks under pressure: Moody's

Banks in the six-nation Gulf Cooperation Council (GCC) are being increasingly challenged by a liquidity squeeze resulting from low oil prices, Moody's Investor Services said on Monday. A sustained loss in oil revenue is likely to reduce government and gov
Published 23 Feb, 2016 12:00am
Gulf banks under pressure: Moody's

Gulf banks under pressure: Moody's

Banks in the six-nation Gulf Cooperation Council (GCC) are being increasingly challenged by a liquidity squeeze resulting from low oil prices, Moody's Investor Services said on Monday. A sustained loss in oil revenue is likely to reduce government and gov
Published 23 Feb, 2016 12:00am
IMF urges Gulf states to bring in taxes

IMF urges Gulf states to bring in taxes

The International Monetary Fund chief urged on Monday oil-exporting Gulf countries to introduce taxes, warning that low crude prices are likely to stay for an "extended period". Gulf economies "need to strengthen their fiscal frameworks and reengineer the
Published 23 Feb, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (February 22, 2016).

Published 23 Feb, 2016 12:00am
IMF urges Gulf states to bring in taxes

IMF urges Gulf states to bring in taxes

The International Monetary Fund chief urged on Monday oil-exporting Gulf countries to introduce taxes, warning that low crude prices are likely to stay for an "extended period". Gulf economies "need to strengthen their fiscal frameworks and reengineer the
Published 23 Feb, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (February 22, 2016).

Published 23 Feb, 2016 12:00am
IMF urges Gulf states to bring in taxes

IMF urges Gulf states to bring in taxes

The International Monetary Fund chief urged on Monday oil-exporting Gulf countries to introduce taxes, warning that low crude prices are likely to stay for an "extended period". Gulf economies "need to strengthen their fiscal frameworks and reengineer the
Published 23 Feb, 2016 12:00am
IMF urges Gulf states to bring in taxes

IMF urges Gulf states to bring in taxes

The International Monetary Fund chief urged on Monday oil-exporting Gulf countries to introduce taxes, warning that low crude prices are likely to stay for an "extended period". Gulf economies "need to strengthen their fiscal frameworks and reengineer the
Published 23 Feb, 2016 12:00am
IEA braces for another year of cheap oil

IEA braces for another year of cheap oil

Oil prices will remain low at least until next year, the International Energy Agency (IEA) warned Monday, saying any 2017 recovery will be slow as massive oil stocks feed into the market. "We must say that today''s oil market conditions do not suggest tha
Published 23 Feb, 2016 12:00am
THE RUPEE: modest slide
Currency

THE RUPEE: modest slide

The rupee tumbled against the dollar on the money market on Monday in the process of trading, dealers said. The rupee drifted lower by five-paisa versus the dollar for buying and selling at Rs 104.84 and Rs 104.85 respectively, they said.
Published 23 Feb, 2016 12:00am
IEA braces for another year of cheap oil

IEA braces for another year of cheap oil

Oil prices will remain low at least until next year, the International Energy Agency (IEA) warned Monday, saying any 2017 recovery will be slow as massive oil stocks feed into the market. "We must say that today's oil market conditions do not suggest that
Published 23 Feb, 2016 12:00am
THE RUPEE: modest slide
Currency

THE RUPEE: modest slide

The rupee tumbled against the dollar on the money market on Monday in the process of trading, dealers said. The rupee drifted lower by five-paisa versus the dollar for buying and selling at Rs 104.84 and Rs 104.85 respectively, they said.
Published 23 Feb, 2016 12:00am
IEA braces for another year of cheap oil

IEA braces for another year of cheap oil

Oil prices will remain low at least until next year, the International Energy Agency (IEA) warned Monday, saying any 2017 recovery will be slow as massive oil stocks feed into the market. "We must say that today's oil market conditions do not suggest that
Published 23 Feb, 2016 12:00am
Increase in demand pushed up airfares: CCP

Increase in demand pushed up airfares: CCP

The Competition Commission of Pakistan (CCP) has found that the increase in airfares by two private airlines was not exorbitant, as airfares were increased merely due to an increase in demand and the normal operations whereby last minute bookings are char
Published 23 Feb, 2016 12:00am
Increase in demand pushed up airfares: CCP

Increase in demand pushed up airfares: CCP

The Competition Commission of Pakistan (CCP) has found that the increase in airfares by two private airlines was not exorbitant, as airfares were increased merely due to an increase in demand and the normal operations whereby last minute bookings are char
Published 23 Feb, 2016 12:00am
Increase in demand pushed up airfares: CCP

Increase in demand pushed up airfares: CCP

The Competition Commission of Pakistan (CCP) has found that the increase in airfares by two private airlines was not exorbitant, as airfares were increased merely due to an increase in demand and the normal operations whereby last minute bookings are char
Published 23 Feb, 2016 12:00am
Prime Minister orders timely completion of power projects

Prime Minister orders timely completion of power projects

Prime Minister Nawaz Sharif has ordered timely completion of ongoing power projects to add 3390MW of electricity by 2016 and 8738MW by 2017 to the system. Sources said the Cabinet Committee on Energy presided over by the Prime Minister was briefed on the
Published 23 Feb, 2016 12:00am
Prime Minister orders timely completion of power projects

Prime Minister orders timely completion of power projects

Prime Minister Nawaz Sharif has ordered timely completion of ongoing power projects to add 3390MW of electricity by 2016 and 8738MW by 2017 to the system. Sources said the Cabinet Committee on Energy presided over by the Prime Minister was briefed on the
Published 23 Feb, 2016 12:00am
Prime Minister orders timely completion of power projects

Prime Minister orders timely completion of power projects

Prime Minister Nawaz Sharif has ordered timely completion of ongoing power projects to add 3390MW of electricity by 2016 and 8738MW by 2017 to the system. Sources said the Cabinet Committee on Energy presided over by the Prime Minister was briefed on the
Published 23 Feb, 2016 12:00am
CCI to be convened to discuss LNG

CCI to be convened to discuss LNG

Sindh government''s serious reservations with respect to establishing two liquefied natural gas (LNG)-based power plants in Punjab and the proposed draft of LNG Policy 2015 have compelled the federal government to convene a Council of Common Interest (CCI
Published 23 Feb, 2016 12:00am
CCI to be convened to discuss LNG

CCI to be convened to discuss LNG

Sindh government's serious reservations with respect to establishing two liquefied natural gas (LNG)-based power plants in Punjab and the proposed draft of LNG Policy 2015 have compelled the federal government to convene a Council of Common Interest (CCI)
Published 23 Feb, 2016 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 23 Feb, 2016 12:00am
CCI to be convened to discuss LNG

CCI to be convened to discuss LNG

Sindh government's serious reservations with respect to establishing two liquefied natural gas (LNG)-based power plants in Punjab and the proposed draft of LNG Policy 2015 have compelled the federal government to convene a Council of Common Interest (CCI)
Published 23 Feb, 2016 12:00am
FIR not enough, says India's defence minister

FIR not enough, says India's defence minister

Indian Defence Minister Manohar Parrikar has said that registration of a First Infor-mation Report (FIR) in the Pathankot attack by Pakistan is not enough. "Registration of a case is merely a step ahead, but it won't do. There should be serious investigat
Published 23 Feb, 2016 12:00am
Board Meetings
Exchange

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 23 Feb, 2016 12:00am
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