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Print - 2016-05-11
Prime Minister leaves for Tajikistan today

Prime Minister leaves for Tajikistan today

Prime Minister Nawaz Sharif will embark on a two-day official visit to Tajikistan on Wednesday (today) to attend the launching ceremony of CASA-1000 Power Project, Foreign Office said here on Tuesday. According to sources, the Prime Minister is also expec
Published 11 May, 2016 12:00am
Prime Minister leaves for Tajikistan today

Prime Minister leaves for Tajikistan today

Prime Minister Nawaz Sharif will embark on a two-day official visit to Tajikistan on Wednesday (today) to attend the launching ceremony of CASA-1000 Power Project, Foreign Office said here on Tuesday. According to sources, the Prime Minister is also expec
Published 11 May, 2016 12:00am
Prime Minister leaves for Tajikistan today

Prime Minister leaves for Tajikistan today

Prime Minister Nawaz Sharif will embark on a two-day official visit to Tajikistan on Wednesday (today) to attend the launching ceremony of CASA-1000 Power Project, Foreign Office said here on Tuesday. According to sources, the Prime Minister is also expec
Published 11 May, 2016 12:00am
CASA-1000 project: World Bank says Pakistan facing financial gap

CASA-1000 project: World Bank says Pakistan facing financial gap

Pakistan is facing financing gap for CASA-1000 project, which may be filled by additional financing from the World Bank (WB). This was shared on the WB website: "currently, there is a small financing gap for Pakistan and Kyrgyz Republic that may be filled
Published 11 May, 2016 12:00am
The Weather

The Weather

The weather report on Tuesday (May 10, 2016) and the forecast for Wednesday (May 11, 2016).

Published 11 May, 2016 12:00am
CASA-1000 project: World Bank says Pakistan facing financial gap

CASA-1000 project: World Bank says Pakistan facing financial gap

Pakistan is facing financing gap for CASA-1000 project, which may be filled by additional financing from the World Bank (WB). This was shared on the WB website: "currently, there is a small financing gap for Pakistan and Kyrgyz Republic that may be filled
Published 11 May, 2016 12:00am
Bullion Rates

Bullion Rates

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

Published 11 May, 2016 12:00am
CASA-1000 project: World Bank says Pakistan facing financial gap

CASA-1000 project: World Bank says Pakistan facing financial gap

Pakistan is facing financing gap for CASA-1000 project, which may be filled by additional financing from the World Bank (WB). This was shared on the WB website: "currently, there is a small financing gap for Pakistan and Kyrgyz Republic that may be filled
Published 11 May, 2016 12:00am
Bullion Rates

Bullion Rates

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

Published 11 May, 2016 12:00am
CASA-1000 project: World Bank says Pakistan facing financial gap

CASA-1000 project: World Bank says Pakistan facing financial gap

Pakistan is facing financing gap for CASA-1000 project, which may be filled by additional financing from the World Bank (WB). This was shared on the WB website: "currently, there is a small financing gap for Pakistan and Kyrgyz Republic that may be filled
Published 11 May, 2016 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 11 May, 2016 12:00am
Obama to make historic visit to Hiroshima

Obama to make historic visit to Hiroshima

Barack Obama will this month become the first sitting US president to visit atomic bomb-struck Hiroshima, but the White House said he will not offer an apology for the devastating attack on the Japanese city in 1945. Obama, accompanied by Prime Minister S
Published 11 May, 2016 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 11 May, 2016 12:00am
Obama to make historic visit to Hiroshima

Obama to make historic visit to Hiroshima

Barack Obama will this month become the first sitting US president to visit atomic bomb-struck Hiroshima, but the White House said he will not offer an apology for the devastating attack on the Japanese city in 1945. Obama, accompanied by Prime Minister S
Published 11 May, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (May 10, 2016).

Published 11 May, 2016 12:00am
Two traffic policemen killed in Quetta blast

Two traffic policemen killed in Quetta blast

At least two traffic policemen were killed and eight others injured when a blast hit a security check post in Quetta on Tuesday afternoon. The bomb blast occurred near Balochistan University at Sariyab Road. Rescue officials and law enforcement personnel
Published 11 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 10, 2016)

Published 11 May, 2016 12:00am
Two traffic policemen killed in Quetta blast

Two traffic policemen killed in Quetta blast

At least two traffic policemen were killed and eight others injured when a blast hit a security check post in Quetta on Tuesday afternoon. The bomb blast occurred near Balochistan University at Sariyab Road. Rescue officials and law enforcement personnel
Published 11 May, 2016 12:00am
Gilead wins India patent for blockbuster Hepatitis drug

Gilead wins India patent for blockbuster Hepatitis drug

India has granted a patent to US pharmaceutical giant Gilead for a blockbuster Hepatitis C drug, in a U-turn activists said could potentially stop affordable copies reaching millions of people in other countries. The drug, Sovaldi, which costs $1,000 a pi
Published 11 May, 2016 12:00am
Gilead wins India patent for blockbuster Hepatitis drug

Gilead wins India patent for blockbuster Hepatitis drug

India has granted a patent to US pharmaceutical giant Gilead for a blockbuster Hepatitis C drug, in a U-turn activists said could potentially stop affordable copies reaching millions of people in other countries. The drug, Sovaldi, which costs $1,000 a pi
Published 11 May, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (May 10, 2016).

Published 11 May, 2016 12:00am
Gilead wins India patent for blockbuster Hepatitis drug

Gilead wins India patent for blockbuster Hepatitis drug

India has granted a patent to US pharmaceutical giant Gilead for a blockbuster Hepatitis C drug, in a U-turn activists said could potentially stop affordable copies reaching millions of people in other countries. The drug, Sovaldi, which costs $1,000 a pi
Published 11 May, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (May 10, 2016).

Published 11 May, 2016 12:00am
Custodial death of Aftab: five Rangers' personnel suspended, arrested

Custodial death of Aftab: five Rangers' personnel suspended, arrested

Director General (DG) Sindh Rangers Tuesday suspended five paramilitary troops over the charges of torture and death of MQM worker Aftab Ahmed. MQM worker Aftab who was under custody died and post-mortem report had confirmed the brutal torture reason of t
Published 11 May, 2016 12:00am
Custodial death of Aftab: five Rangers' personnel suspended, arrested

Custodial death of Aftab: five Rangers' personnel suspended, arrested

Director General (DG) Sindh Rangers Tuesday suspended five paramilitary troops over the charges of torture and death of MQM worker Aftab Ahmed. MQM worker Aftab who was under custody died and post-mortem report had confirmed the brutal torture reason of t
Published 11 May, 2016 12:00am
Iran to sue US over court seizure of $2 billion in frozen funds

Iran to sue US over court seizure of $2 billion in frozen funds

Iran is preparing international legal action to recover nearly $2 billion that the US Supreme Court has ordered be paid as compensation to American victims of terror attacks, President Hassan Rouhani said on Tuesday. "We will soon take the case of the $2
Published 11 May, 2016 12:00am
THE RUPEE: minor changes
Currency

THE RUPEE: minor changes

The rupee's value stabilised versus the dollar on the money market on Tuesday in the process of trading, dealers said. The rupee picked up three paisas against the dollar for buying and selling at Rs 104.66 and Rs 104.68 respectively, dealer said.
Published 11 May, 2016 12:00am
Iran to sue US over court seizure of $2 billion in frozen funds

Iran to sue US over court seizure of $2 billion in frozen funds

Iran is preparing international legal action to recover nearly $2 billion that the US Supreme Court has ordered be paid as compensation to American victims of terror attacks, President Hassan Rouhani said on Tuesday. "We will soon take the case of the $2
Published 11 May, 2016 12:00am
THE RUPEE: minor changes
Currency

THE RUPEE: minor changes

The rupee's value stabilised versus the dollar on the money market on Tuesday in the process of trading, dealers said. The rupee picked up three paisas against the dollar for buying and selling at Rs 104.66 and Rs 104.68 respectively, dealer said.
Published 11 May, 2016 12:00am
Iran to sue US over court seizure of $2 billion in frozen funds

Iran to sue US over court seizure of $2 billion in frozen funds

Iran is preparing international legal action to recover nearly $2 billion that the US Supreme Court has ordered be paid as compensation to American victims of terror attacks, President Hassan Rouhani said on Tuesday. "We will soon take the case of the $2
Published 11 May, 2016 12:00am
Russia''s Sechin says goodbye to Opec

Russia''s Sechin says goodbye to Opec

Internal differences are killing Opec and its ability to influence the markets has all but evaporated, top Russian oil executive Igor Sechin told Reuters in some of his harshest remarks ever about the oil cartel. Russia, which has been hit hard by the oil
Published 11 May, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (May 10, 2016).

Published 11 May, 2016 12:00am
Russia's Sechin says goodbye to Opec

Russia's Sechin says goodbye to Opec

Internal differences are killing Opec and its ability to influence the markets has all but evaporated, top Russian oil executive Igor Sechin told Reuters in some of his harshest remarks ever about the oil cartel. Russia, which has been hit hard by the oil
Published 11 May, 2016 12:00am
Russia's Sechin says goodbye to Opec

Russia's Sechin says goodbye to Opec

Internal differences are killing Opec and its ability to influence the markets has all but evaporated, top Russian oil executive Igor Sechin told Reuters in some of his harshest remarks ever about the oil cartel. Russia, which has been hit hard by the oil
Published 11 May, 2016 12:00am
K-Electric consumers: Nepra approves Rs 3.86 cut

K-Electric consumers: Nepra approves Rs 3.86 cut

The National Electric Power Regulatory Authority (Nepra) on Tuesday approved a reduction of Rs 3.86 per unit in power tariff for the consumers of K-Electric under fuel adjustment surcharge for the month of March. It was decided in public hearing which was
Published 11 May, 2016 12:00am
K-Electric consumers: Nepra approves Rs 3.86 cut

K-Electric consumers: Nepra approves Rs 3.86 cut

The National Electric Power Regulatory Authority (Nepra) on Tuesday approved a reduction of Rs 3.86 per unit in power tariff for the consumers of K-Electric under fuel adjustment surcharge for the month of March. It was decided in public hearing which was
Published 11 May, 2016 12:00am
K-Electric consumers: Nepra approves Rs 3.86 cut

K-Electric consumers: Nepra approves Rs 3.86 cut

The National Electric Power Regulatory Authority (Nepra) on Tuesday approved a reduction of Rs 3.86 per unit in power tariff for the consumers of K-Electric under fuel adjustment surcharge for the month of March. It was decided in public hearing which was
Published 11 May, 2016 12:00am
Dr Asim hasn't invested in India: counsel

Dr Asim hasn't invested in India: counsel

"Former Minister for Petroleum and Natural Resources, Dr Asim Hussain has strongly denied that he has invested any money in India. The allegation made in various print and the electronic media, that he is constructing the Global Medical Center in Bangalor
Published 11 May, 2016 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 11 May, 2016 12:00am
Paris mayor meets new Khan

Paris mayor meets new Khan

Paris mayor Anne Hidalgo on Tuesday became the first foreign dignitary to meet Sadiq Khan following his election as mayor of London, in a brief tete-a-tete at St Pancras Station. "He has made history, he is the first Muslim mayor of a big European city,"
Published 11 May, 2016 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 11 May, 2016 12:00am
Treasure Islands: Britain's offshore hubs

Treasure Islands: Britain's offshore hubs

Prime Minister David Cameron is under pressure to demand greater transparency from Britain's overseas tax havens, which critics say help promote and support corruption. The leak of documents from Panama-based law firm Mossack Fonseca shone a spotlight on
Published 11 May, 2016 12:00am
Treasure Islands: Britain's offshore hubs

Treasure Islands: Britain's offshore hubs

Prime Minister David Cameron is under pressure to demand greater transparency from Britain's overseas tax havens, which critics say help promote and support corruption. The leak of documents from Panama-based law firm Mossack Fonseca shone a spotlight on
Published 11 May, 2016 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 11 May, 2016 12:00am
Prime Minister to address parliament on Friday

Prime Minister to address parliament on Friday

Prime Minister Nawaz Sharif will attend the National Assembly proceedings on Friday where he will answer all questions raised by the opposition members regarding Panama Papers. Minister for Information and Broadcasting Senator Pervaiz Rashid told the Nati
Published 11 May, 2016 12:00am
Prime Minister to address parliament on Friday

Prime Minister to address parliament on Friday

Prime Minister Nawaz Sharif will attend the National Assembly proceedings on Friday where he will answer all questions raised by the opposition members regarding Panama Papers. Minister for Information and Broadcasting Senator Pervaiz Rashid told the Nati
Published 11 May, 2016 12:00am
Probe into offshore companies: FBR explains its limitations

Probe into offshore companies: FBR explains its limitations

Federal Board of Revenue (FBR) Member Inland Revenue Policy Rehmatullah Khan Wazir has said the FBR is not legally empowered to open up cases of filers and non-filers beyond six-year and five-year periods, respectively, for probing the owners of offshore
Published 11 May, 2016 12:00am
Probe into offshore companies: FBR explains its limitations

Probe into offshore companies: FBR explains its limitations

Federal Board of Revenue (FBR) Member Inland Revenue Policy Rehmatullah Khan Wazir has said the FBR is not legally empowered to open up cases of filers and non-filers beyond six-year and five-year periods, respectively, for probing the owners of offshore
Published 11 May, 2016 12:00am
Probe into offshore companies: FBR explains its limitations

Probe into offshore companies: FBR explains its limitations

Federal Board of Revenue (FBR) Member Inland Revenue Policy Rehmatullah Khan Wazir has said the FBR is not legally empowered to open up cases of filers and non-filers beyond six-year and five-year periods, respectively, for probing the owners of offshore
Published 11 May, 2016 12:00am
EU warns against market economy status for China

EU warns against market economy status for China

The EU on Wednesday said granting market economy status for China at the World Trade Organisation was "untenable" due to the loss of jobs it would cost Europe in key industries such as steel. The European Commission, the EU''s executive arm, has given its
Published 11 May, 2016 12:00am
EU warns against market economy status for China

EU warns against market economy status for China

The EU on Wednesday said granting market economy status for China at the World Trade Organisation was "untenable" due to the loss of jobs it would cost Europe in key industries such as steel. The European Commission, the EU's executive arm, has given itse
Published 11 May, 2016 12:00am
EU warns against market economy status for China

EU warns against market economy status for China

The EU on Wednesday said granting market economy status for China at the World Trade Organisation was "untenable" due to the loss of jobs it would cost Europe in key industries such as steel. The European Commission, the EU's executive arm, has given itse
Published 11 May, 2016 12:00am
Linyi-Gwadar freight train begins operation

Linyi-Gwadar freight train begins operation

The international freight train "Linyi," which travels from Linyi in Shandong province to Gwadar Port in Pakistan via Kashgar in the Xinjiang Uygur Autonomous Region, has been put into operation, Peoples Daily in a report said on Tuesday. The city of Liny
Published 11 May, 2016 12:00am
Linyi-Gwadar freight train begins operation

Linyi-Gwadar freight train begins operation

The international freight train "Linyi," which travels from Linyi in Shandong province to Gwadar Port in Pakistan via Kashgar in the Xinjiang Uygur Autonomous Region, has been put into operation, Peoples Daily in a report said on Tuesday. The city of Liny
Published 11 May, 2016 12:00am
Linyi-Gwadar freight train begins operation

Linyi-Gwadar freight train begins operation

The international freight train "Linyi," which travels from Linyi in Shandong province to Gwadar Port in Pakistan via Kashgar in the Xinjiang Uygur Autonomous Region, has been put into operation, Peoples Daily in a report said on Tuesday. The city of Liny
Published 11 May, 2016 12:00am
NA panel adopts SECP law despite opposition''s boycott

NA panel adopts SECP law despite opposition''s boycott

National Assembly''s Finance on Committee has reportedly approved Securities and Exchange Commission of Pakistan (SECP) (Amendment) Act 2016, Tuesday despite boycott of the opposition of the house proceedings. A meeting of the National Assembly''s Standin
Published 11 May, 2016 12:00am
NA panel adopts SECP law despite opposition's boycott

NA panel adopts SECP law despite opposition's boycott

National Assembly's Finance on Committee has reportedly approved Securities and Exchange Commission of Pakistan (SECP) (Amendment) Act 2016, Tuesday despite boycott of the opposition of the house proceedings. A meeting of the National Assembly's Standing
Published 11 May, 2016 12:00am
NA panel adopts SECP law despite opposition's boycott

NA panel adopts SECP law despite opposition's boycott

National Assembly's Finance on Committee has reportedly approved Securities and Exchange Commission of Pakistan (SECP) (Amendment) Act 2016, Tuesday despite boycott of the opposition of the house proceedings. A meeting of the National Assembly's Standing
Published 11 May, 2016 12:00am
BRIndex30 up 11.63 points

BRIndex30 up 11.63 points

On Tuesday, BRIndex30 opened at 22,125.72 points. It touched an intraday high of 22,267.48 points and an intraday low of 22,086.96 points and closed at 22,137.35 points which was 11.63 points or 0.05 percent higher than previous close. Total volume was 20
Published 11 May, 2016 12:00am
BRIndex30 up 11.63 points

BRIndex30 up 11.63 points

On Tuesday, BRIndex30 opened at 22,125.72 points. It touched an intraday high of 22,267.48 points and an intraday low of 22,086.96 points and closed at 22,137.35 points which was 11.63 points or 0.05 percent higher than previous close. Total volume was 20
Published 11 May, 2016 12:00am
Index attains fresh peak

Index attains fresh peak

Though volatile, the share market stayed bullish Tuesday with the KSE-100 index hitting another all-time high of 36,265 points. Moving both ways to hit the intraday high and low of 36,340 and 36,037 points, the benchmark index added further 30 points to M
Published 11 May, 2016 12:00am
Index attains fresh peak

Index attains fresh peak

Though volatile, the share market stayed bullish Tuesday with the KSE-100 index hitting another all-time high of 36,265 points. Moving both ways to hit the intraday high and low of 36,340 and 36,037 points, the benchmark index added further 30 points to M
Published 11 May, 2016 12:00am
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