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Print - 2016-05-04
Concluding ceremony of ASLP project held

Concluding ceremony of ASLP project held

The Agriculture Sector Linkages Program (ASLP) dairy project has been running in the University of Veterinary and Animal Sciences, Lahore since 2007 as a collaborative initiative between the Pakistani and Australian governments. ASLP 2nd project concludin
Published 04 May, 2016 12:00am
The Weather

The Weather

The weather report on Tuesday (May 03, 2016) and the forecast for Wednesday (May 04, 2016).

Published 04 May, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (May 03, 2016).

Published 04 May, 2016 12:00am
Bank levy Reduced rate of 0.4 percent WHT to continue till 30th: FBR

Bank levy Reduced rate of 0.4 percent WHT to continue till 30th: FBR

The Federal Board of Revenue (FBR) has notified that the reduced rate of 0.4 percent withholding tax on banking transactions of non-filers shall continue till the extended date, ie, May 30, 2016. According to SRO .370(I)/2016 issued by the FBR here on Tue
Published 04 May, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (May 03, 2016).

Published 04 May, 2016 12:00am
SC raises HGOs' quota to 50 percent

SC raises HGOs' quota to 50 percent

While turning down A 40 percent allocation to private scheme for Hajj Group Organizers (HGOs) quota in the Hajj Policy 2016 on Tuesday, the top court equalised it to 50 percent each for public and private sector. "Reasons to be recorded separately and the
Published 04 May, 2016 12:00am
PPP chief Bilawal's demand

PPP chief Bilawal's demand

According to Pakistan People's Party (PPP) chairman Bilawal Bhutto Zardari Prime Minister Nawaz Sharif's government will not be able to complete its constitutional term as the days of the government have been numbered after the onset of the Panama leaks.
Published 04 May, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (May 03, 2016).

Published 04 May, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (May 03, 2016)

Published 04 May, 2016 12:00am
Hush! The engineer is listening
Exchange

Hush! The engineer is listening

Let us praise the Lord, and raise one to our Editor. The Editor for his perseverance: giving us space, week after week, to vent, and to wonder if anyone is listening. The Lord for the miracle: the Engineer listens! On Wednesday the 27th we got our comeupp
Published 04 May, 2016 12:00am
Country needs a civil-military 'CoE'

Country needs a civil-military 'CoE'

The Ministry of Defence has sought Rs 920 billion - an 18 percent increase over the current year's budgeted Rs 781 - for the fiscal year 2016-17. In the outgoing year the defence budget was increased by 11.6 percent against the allocation for the previous
Published 04 May, 2016 12:00am
Rising political temperatures

Rising political temperatures

Political discourse surrounding the Panama leaks scandal has turned into a no-holds barred war of words. The PTI leading the opposition's charge against the Prime Minister for his family's alleged involvement in the corruption scandal is well within its r
Published 04 May, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (May 03, 2016).

Published 04 May, 2016 12:00am
NFC award: inordinate delay
Currency

NFC award: inordinate delay

According to a Business Recorder exclusive, the federal government is likely to promulgate an ordinance extending the 7th National Finance Commission (NFC) award agreed in 2009 and approved by parliament in April 2010 for yet another year. The reas
Published 04 May, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (May 03, 2016).

Published 04 May, 2016 12:00am
Five arrested for desecrating Sikh's turban

Five arrested for desecrating Sikh's turban

Five people appeared in a court Tuesday accused of blasphemy after a Sikh man complained they had desecrated his turban during a scuffle over a delayed bus. Mahindar Paul Singh, 29, went to police after the clash on Sunday during a journey from the city o
Published 04 May, 2016 12:00am
Five arrested for desecrating Sikh's turban

Five arrested for desecrating Sikh's turban

Five people appeared in a court Tuesday accused of blasphemy after a Sikh man complained they had desecrated his turban during a scuffle over a delayed bus. Mahindar Paul Singh, 29, went to police after the clash on Sunday during a journey from the city o
Published 04 May, 2016 12:00am
New York Times hit by slump in advertisement revenues

New York Times hit by slump in advertisement revenues

The New York Times Co on Tuesday reported a slump in advertising revenues for both print and digital, dragging the newspaper group into the red for the first quarter. The prestigious US daily posted a loss of $8.3 million in the quarter, narrower
Published 04 May, 2016 12:00am
THE RUPEE: divergent trend
Currency

THE RUPEE: divergent trend

The rupee moved both ways against the dollar on Tuesday in the process of trading, dealers said. The rupee shed two paisas versus the dollar for buying and selling at Rs 104.78 and Rs 104.80 respectively, dealer said.
Published 04 May, 2016 12:00am
New York Times hit by slump in advertisement revenues

New York Times hit by slump in advertisement revenues

The New York Times Co on Tuesday reported a slump in advertising revenues for both print and digital, dragging the newspaper group into the red for the first quarter. The prestigious US daily posted a loss of $8.3 million in the quarter, narrower
Published 04 May, 2016 12:00am
THE RUPEE: divergent trend
Currency

THE RUPEE: divergent trend

The rupee moved both ways against the dollar on Tuesday in the process of trading, dealers said. The rupee shed two paisas versus the dollar for buying and selling at Rs 104.78 and Rs 104.80 respectively, dealer said.
Published 04 May, 2016 12:00am
New York Times hit by slump in advertisement revenues

New York Times hit by slump in advertisement revenues

The New York Times Co on Tuesday reported a slump in advertising revenues for both print and digital, dragging the newspaper group into the red for the first quarter. The prestigious US daily posted a loss of $8.3 million in the quarter, narrower
Published 04 May, 2016 12:00am
New York Times hit by slump in advertisement revenues

New York Times hit by slump in advertisement revenues

The New York Times Co on Tuesday reported a slump in advertising revenues for both print and digital, dragging the newspaper group into the red for the first quarter. The prestigious US daily posted a loss of $8.3 million in the quarter, narrower
Published 04 May, 2016 12:00am
Zarb-e-Azb helped revive economy: Haroon

Zarb-e-Azb helped revive economy: Haroon

The government has said that the upcoming budget would be pro-growth and pro-industry and warned tax non-filers of severe penalties from the next fiscal year. Speaking at a day-long pre-budget seminar organised by COMSATS here on Tuesday Prime Minister''s
Published 04 May, 2016 12:00am
Zarb-e-Azb helped revive economy: Haroon

Zarb-e-Azb helped revive economy: Haroon

The government has said that the upcoming budget would be pro-growth and pro-industry and warned tax non-filers of severe penalties from the next fiscal year. Speaking at a day-long pre-budget seminar organised by COMSATS here on Tuesday Prime Minister's
Published 04 May, 2016 12:00am
Zarb-e-Azb helped revive economy: Haroon

Zarb-e-Azb helped revive economy: Haroon

The government has said that the upcoming budget would be pro-growth and pro-industry and warned tax non-filers of severe penalties from the next fiscal year. Speaking at a day-long pre-budget seminar organised by COMSATS here on Tuesday Prime Minister's
Published 04 May, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (May 03, 2016).

Published 04 May, 2016 12:00am
Summit Bank eyes Burj Bank for Islamic banking entry
Exchange

Summit Bank eyes Burj Bank for Islamic banking entry

Summit Bank has received approval from central bank to conduct due diligence on Burj Bank, it said in a stock exchange filing, in the latest bid for the unlisted lender, which is seeking to boost capital through a stake sale. The acquisition of a majority
Published 04 May, 2016 12:00am
Summit Bank eyes Burj Bank for Islamic banking entry
Exchange

Summit Bank eyes Burj Bank for Islamic banking entry

Summit Bank has received approval from central bank to conduct due diligence on Burj Bank, it said in a stock exchange filing, in the latest bid for the unlisted lender, which is seeking to boost capital through a stake sale. The acquisition of a majority
Published 04 May, 2016 12:00am
Summit Bank eyes Burj Bank for Islamic banking entry
Exchange

Summit Bank eyes Burj Bank for Islamic banking entry

Summit Bank has received approval from central bank to conduct due diligence on Burj Bank, it said in a stock exchange filing, in the latest bid for the unlisted lender, which is seeking to boost capital through a stake sale. The acquisition of a majority
Published 04 May, 2016 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 04 May, 2016 12:00am
MQM accuses Rangers of killing prominent member

MQM accuses Rangers of killing prominent member

Muttahida Qaumi Movement (MQM) on Tuesday accused Pakistan Rangers force of killing another one of its members while in their custody. MQM accuses the Rangers of having carried out dozens of extra-judicial killings of party members since the force launche
Published 04 May, 2016 12:00am
MQM accuses Rangers of killing prominent member

MQM accuses Rangers of killing prominent member

Muttahida Qaumi Movement (MQM) on Tuesday accused Pakistan Rangers force of killing another one of its members while in their custody. MQM accuses the Rangers of having carried out dozens of extra-judicial killings of party members since the force launche
Published 04 May, 2016 12:00am
Mexico City businesses say smog alert cost $300 million

Mexico City businesses say smog alert cost $300 million

Traffic bans imposed by Mexico City authorities to reverse an upsurge of smog have cost residents and small businesses more than $300 million since April, a trade association said Tuesday. For the second time in a month, the government banned 40 percent o
Published 04 May, 2016 12:00am
French 'zombie' worker sues boss over 'bore-out'

French 'zombie' worker sues boss over 'bore-out'

A Frenchman is suing his former boss over the crushing boredom he suffered in an 80,000 euro-a-year job which he claims turned him into a "professional zombie". On Monday, Frederic Desnard, 44, lodged a complaint at a labour relations tribunal, demanding
Published 04 May, 2016 12:00am
Attack on Rapid Response Force's convoy injures five

Attack on Rapid Response Force's convoy injures five

Blast near a convoy of Rapid Response Force (RRF) injured five personnel in Eastern Bypass area here on Tuesday. According to RRF sources, an explosive device was planted in convoy's route. Police and officials of other law enforcement agencies cordoned o
Published 04 May, 2016 12:00am
Shab-e-Mairaj: IG Sindh directs high alert security arrangements

Shab-e-Mairaj: IG Sindh directs high alert security arrangements

Inspector General Sindh A D Khwaja has asked his subordinates to ensure high alert security arrangements for Shab-e-Mairaj across the province. According to spokesman for Sindh Police, the provincial chief has directed all DIGs to ensure fool proof securi
Published 04 May, 2016 12:00am
BoK inquiry report to be submitted to KP PA: Khattak

BoK inquiry report to be submitted to KP PA: Khattak

KP Chief Minister Pervez Khattak on Tuesday said the cabinet inquiry committee on the Bank of Khyber (BoK) will present its report in the provincial assembly on Monday. Responding to the point of orders of the Leader of Opposition, Maulana Lutf-ur-Rehman,
Published 04 May, 2016 12:00am
Apparel sector: Pakistan lags behind competitors: World Bank
Cotton

Apparel sector: Pakistan lags behind competitors: World Bank

Pakistan has a fast-growing apparel sector with low prices, but lags behind competitors in reliability, compliance and political stability, says the World Bank (WB). The Bank report issued here on Tuesday, "Stitches to Riches? Apparel Employment, Trade, a
Published 04 May, 2016 12:00am
Apparel sector: Pakistan lags behind competitors: World Bank
Cotton

Apparel sector: Pakistan lags behind competitors: World Bank

Pakistan has a fast-growing apparel sector with low prices, but lags behind competitors in reliability, compliance and political stability, says the World Bank (WB). The Bank report issued here on Tuesday, "Stitches to Riches? Apparel Employment, Trade, a
Published 04 May, 2016 12:00am
Apparel sector: Pakistan lags behind competitors: World Bank
Cotton

Apparel sector: Pakistan lags behind competitors: World Bank

Pakistan has a fast-growing apparel sector with low prices, but lags behind competitors in reliability, compliance and political stability, says the World Bank (WB). The Bank report issued here on Tuesday, "Stitches to Riches? Apparel Employment, Trade, a
Published 04 May, 2016 12:00am
Apparel sector: Pakistan lags behind competitors: World Bank
Cotton

Apparel sector: Pakistan lags behind competitors: World Bank

Pakistan has a fast-growing apparel sector with low prices, but lags behind competitors in reliability, compliance and political stability, says the World Bank (WB). The Bank report issued here on Tuesday, "Stitches to Riches? Apparel Employment, Trade, a
Published 04 May, 2016 12:00am
Dar urges Europe, Asia to cut down on tariff, NTBs

Dar urges Europe, Asia to cut down on tariff, NTBs

Minister for Finance Senator Ishaq Dar participated as panellist in the seminar on "Asia-Europe Economic Cooperation: Fostering Greater Trade and Investment" on the sidelines of ADB''s Annual Board of Governors Meeting here. Other panellists were Liqun Ji
Published 04 May, 2016 12:00am
Dar urges Europe, Asia to cut down on tariff, NTBs

Dar urges Europe, Asia to cut down on tariff, NTBs

Minister for Finance Senator Ishaq Dar participated as panellist in the seminar on "Asia-Europe Economic Cooperation: Fostering Greater Trade and Investment" on the sidelines of ADB's Annual Board of Governors Meeting here. Other panellists were Liqun Jin
Published 04 May, 2016 12:00am
Dar urges Europe, Asia to cut down on tariff, NTBs

Dar urges Europe, Asia to cut down on tariff, NTBs

Minister for Finance Senator Ishaq Dar participated as panellist in the seminar on "Asia-Europe Economic Cooperation: Fostering Greater Trade and Investment" on the sidelines of ADB's Annual Board of Governors Meeting here. Other panellists were Liqun Jin
Published 04 May, 2016 12:00am
BRIndex30 up 192.2 points

BRIndex30 up 192.2 points

On Tuesday, BRIndex30 opened at 21,464.74 points. It touched an intraday high of 21,754.44 points and an intraday low of 21,452.42 points and closed at 21,656.94 points which was 192.2 points or 0.9 percent higher than previous close. Total volume was 132
Published 04 May, 2016 12:00am
BRIndex30 up 192.2 points

BRIndex30 up 192.2 points

On Tuesday, BRIndex30 opened at 21,464.74 points. It touched an intraday high of 21,754.44 points and an intraday low of 21,452.42 points and closed at 21,656.94 points which was 192.2 points or 0.9 percent higher than previous close. Total volume was 132
Published 04 May, 2016 12:00am
Equities bounce back

Equities bounce back

Declining by 0.48 percent the day before, stocks rebounded Tuesday gaining 330 points on the back of what analysts said the rally in the banking and E&P scrips. The KSE-100 index, showing volatility in the intraday trade, rose 0.95 percent to close at 34,
Published 04 May, 2016 12:00am
Equities bounce back

Equities bounce back

Declining by 0.48 percent the day before, stocks rebounded Tuesday gaining 330 points on the back of what analysts said the rally in the banking and E&P scrips. The KSE-100 index, showing volatility in the intraday trade, rose 0.95 percent to close at 34,
Published 04 May, 2016 12:00am
Equities bounce back

Equities bounce back

Declining by 0.48 percent the day before, stocks rebounded Tuesday gaining 330 points on the back of what analysts said the rally in the banking and E&P scrips. The KSE-100 index, showing volatility in the intraday trade, rose 0.95 percent to close at 34,
Published 04 May, 2016 12:00am
Multinationals book more income in Bermuda than China: UN

Multinationals book more income in Bermuda than China: UN

Foreign multinationals in 2014 booked more profits in tiny Bermuda than in China, the UN revealed in a report Tuesday likely to bolster growing international outrage over the lack of financial transparency. The United Nations Conference on Trade and Devel
Published 04 May, 2016 12:00am
Multinationals book more income in Bermuda than China: UN

Multinationals book more income in Bermuda than China: UN

Foreign multinationals in 2014 booked more profits in tiny Bermuda than in China, the UN revealed in a report Tuesday likely to bolster growing international outrage over the lack of financial transparency. The United Nations Conference on Trade and Devel
Published 04 May, 2016 12:00am
Multinationals book more income in Bermuda than China: UN

Multinationals book more income in Bermuda than China: UN

Foreign multinationals in 2014 booked more profits in tiny Bermuda than in China, the UN revealed in a report Tuesday likely to bolster growing international outrage over the lack of financial transparency. The United Nations Conference on Trade and Devel
Published 04 May, 2016 12:00am
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