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Print - 2016-05-24
Mansour's exit won't augur well for Afghan peace process

Mansour's exit won't augur well for Afghan peace process

The death of Afghan Taliban's chief Mullah Akhtar Mansour, in a US drone strike inside Pakistan will not only make the peace process more difficult but may also add to the mistrust between Pakistan and United States, officials and experts believe.
Published 24 May, 2016 12:00am
Maldives former president granted UK refugee status

Maldives former president granted UK refugee status

Mohamed Nasheed, the former president of the Maldives, has been granted refugee status in Britain, his office claimed Monday. The 49-year-old was jailed last year on controversial terrorism charges, but was allowed to travel to Britain in January for spin
Published 24 May, 2016 12:00am
Maldives former president granted UK refugee status

Maldives former president granted UK refugee status

Mohamed Nasheed, the former president of the Maldives, has been granted refugee status in Britain, his office claimed Monday. The 49-year-old was jailed last year on controversial terrorism charges, but was allowed to travel to Britain in January for spin
Published 24 May, 2016 12:00am
Three police officials shot dead in IHK

Three police officials shot dead in IHK

Suspected freedom fighters on Monday gunned down three Indian police officers in separate attacks in occupied Srinagar. Police said two officers were shot dead while patrolling in the old part of the city. A third was shot dead in a business district less
Published 24 May, 2016 12:00am
Three police officials shot dead in IHK

Three police officials shot dead in IHK

Suspected freedom fighters on Monday gunned down three Indian police officers in separate attacks in occupied Srinagar. Police said two officers were shot dead while patrolling in the old part of the city. A third was shot dead in a business district less
Published 24 May, 2016 12:00am
PIA sell-off: marketing process to begin next month: Zubair

PIA sell-off: marketing process to begin next month: Zubair

The government will begin the marketing process next month to sell a 49 percent stake in Pakistan International Airlines and plans to list shares in several power utility firms this year, privatisation minister Mohammad Zubair said on Monday.
Published 24 May, 2016 12:00am
PIA sell-off: marketing process to begin next month: Zubair

PIA sell-off: marketing process to begin next month: Zubair

The government will begin the marketing process next month to sell a 49 percent stake in Pakistan International Airlines and plans to list shares in several power utility firms this year, privatisation minister Mohammad Zubair said on Monday.
Published 24 May, 2016 12:00am
PIA sell-off: marketing process to begin next month: Zubair

PIA sell-off: marketing process to begin next month: Zubair

The government will begin the marketing process next month to sell a 49 percent stake in Pakistan International Airlines and plans to list shares in several power utility firms this year, privatisation minister Mohammad Zubair said on Monday.
Published 24 May, 2016 12:00am
Secretary Balochistan PA suspended

Secretary Balochistan PA suspended

The Balochistan Assembly Secretariat notified the suspension of Secretary, Balochistan Assembly, Muhammad Aazam Dawi (Retired/BS-21) for misuse of powers. The Secretary to Speaker, Balochistan Assembly, Zahoor Ahmed has been given additional charge of Sec
Published 24 May, 2016 12:00am
Secretary Balochistan PA suspended

Secretary Balochistan PA suspended

The Balochistan Assembly Secretariat notified the suspension of Secretary, Balochistan Assembly, Muhammad Aazam Dawi (Retired/BS-21) for misuse of powers. The Secretary to Speaker, Balochistan Assembly, Zahoor Ahmed has been given additional charge of Sec
Published 24 May, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 24 May, 2016 12:00am
World leaders meet in Istanbul to fix 'broken' aid system

World leaders meet in Istanbul to fix 'broken' aid system

Global leaders met in Istanbul on Monday to tackle a "broken" humanitarian system that has left 130 million people in need of aid, a near insurmountable task for a two-day summit that critics say risks achieving little. Billed as the first of its kind, th
Published 24 May, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 24 May, 2016 12:00am
World leaders meet in Istanbul to fix 'broken' aid system

World leaders meet in Istanbul to fix 'broken' aid system

Global leaders met in Istanbul on Monday to tackle a "broken" humanitarian system that has left 130 million people in need of aid, a near insurmountable task for a two-day summit that critics say risks achieving little. Billed as the first of its kind, th
Published 24 May, 2016 12:00am
The Weather

The Weather

The weather report on Monday (May 23, 2016) and the forecast for Tuesday (May 24, 2016).

Published 24 May, 2016 12:00am
FY17 budget: fixed amount of GST on sugar likely

FY17 budget: fixed amount of GST on sugar likely

The government is planning to charge fixed amount of sales tax on sugar from 2016-17 replacing sales tax with 8 percent Federal Excise Duty (FED) on import and local supply stages in coming budget. Sources said on Monday that the proposal under considerat
Published 24 May, 2016 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 24 May, 2016 12:00am
FY17 budget: fixed amount of GST on sugar likely

FY17 budget: fixed amount of GST on sugar likely

The government is planning to charge fixed amount of sales tax on sugar from 2016-17 replacing sales tax with 8 percent Federal Excise Duty (FED) on import and local supply stages in coming budget. Sources said on Monday that the proposal under considerat
Published 24 May, 2016 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 24 May, 2016 12:00am
FY17 budget: fixed amount of GST on sugar likely

FY17 budget: fixed amount of GST on sugar likely

The government is planning to charge fixed amount of sales tax on sugar from 2016-17 replacing sales tax with 8 percent Federal Excise Duty (FED) on import and local supply stages in coming budget. Sources said on Monday that the proposal under considerat
Published 24 May, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (May 23, 2016).

Published 24 May, 2016 12:00am
FY17 budget: fixed amount of GST on sugar likely

FY17 budget: fixed amount of GST on sugar likely

The government is planning to charge fixed amount of sales tax on sugar from 2016-17 replacing sales tax with 8 percent Federal Excise Duty (FED) on import and local supply stages in coming budget. Sources said on Monday that the proposal under considerat
Published 24 May, 2016 12:00am
Five shot dead in Mand

Five shot dead in Mand

Five persons were killed in Mand area of Balochistan in firing by unidentified men on Monday. According to Levies sources, the attackers after firing at the passengers also set the vehicle on fire. Police have sent the dead bodies for post-mortem and star
Published 24 May, 2016 12:00am
Five shot dead in Mand

Five shot dead in Mand

Five persons were killed in Mand area of Balochistan in firing by unidentified men on Monday. According to Levies sources, the attackers after firing at the passengers also set the vehicle on fire. Police have sent the dead bodies for post-mortem and star
Published 24 May, 2016 12:00am
India and Iran agree Chabahar deal, reviving trade ties

India and Iran agree Chabahar deal, reviving trade ties

India agreed Monday to finance the development of an Iranian port as a trading hub, as Prime Minister Narendra Modi sought to revive economic ties with Tehran affter the lifting of sanctions The Indian leader met Iranian officials including supreme leader
Published 24 May, 2016 12:00am
India and Iran agree Chabahar deal, reviving trade ties

India and Iran agree Chabahar deal, reviving trade ties

India agreed Monday to finance the development of an Iranian port as a trading hub, as Prime Minister Narendra Modi sought to revive economic ties with Tehran affter the lifting of sanctions The Indian leader met Iranian officials including supreme leader
Published 24 May, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (May 23, 2016)

Published 24 May, 2016 12:00am
India and Iran agree Chabahar deal, reviving trade ties

India and Iran agree Chabahar deal, reviving trade ties

India agreed Monday to finance the development of an Iranian port as a trading hub, as Prime Minister Narendra Modi sought to revive economic ties with Tehran affter the lifting of sanctions The Indian leader met Iranian officials including supreme leader
Published 24 May, 2016 12:00am
Fracking in Britain approved for first time since 2011

Fracking in Britain approved for first time since 2011

A shale gas fracking project won approval in Britain for the first time since 2011 on Monday as councillors in Yorkshire gave the go-ahead to a plan slammed by greens and locals. After listening to arguments for and against the scheme as protesters gather
Published 24 May, 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 (May 23, 2016).

Published 24 May, 2016 12:00am
GE announces $1.4 billion investments in Saudi Arabia

GE announces $1.4 billion investments in Saudi Arabia

US industrial conglomerate General Electric said Monday it would invest $1.4 billion in Saudi Arabia in support of the kingdom's recently unveiled plan to diversify the oil-dominated economy. Jeffrey Immelt, the GE chairman and chief executive, announced
Published 24 May, 2016 12:00am
US court tosses out $1.3 billion penalty on Bank of America

US court tosses out $1.3 billion penalty on Bank of America

A US appeals court threw out a nearly $1.3 billion penalty against Bank of America on Monday, concluding the bank had not committed fraud amid the housing bust. The federal court ruling overturned an October 2013 jury verdict that Countrywide's sale of ba
Published 24 May, 2016 12:00am
Post-Panama Leaks projects: funds to be allocated in FY17 budget

Post-Panama Leaks projects: funds to be allocated in FY17 budget

Funds for development projects announced by Prime Minister Nawaz Sharif after the Panama leaks on 3 April were not allocated in current Public Sector Development Programme (PSDP)-2015-16, it is learnt. According to sources, the federal government would al
Published 24 May, 2016 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 13th May, 2016.

Published 24 May, 2016 12:00am
Post-Panama Leaks projects: funds to be allocated in FY17 budget

Post-Panama Leaks projects: funds to be allocated in FY17 budget

Funds for development projects announced by Prime Minister Nawaz Sharif after the Panama leaks on 3 April were not allocated in current Public Sector Development Programme (PSDP)-2015-16, it is learnt. According to sources, the federal government would al
Published 24 May, 2016 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 13th May, 2016.

Published 24 May, 2016 12:00am
Post-Panama Leaks projects: funds to be allocated in FY17 budget

Post-Panama Leaks projects: funds to be allocated in FY17 budget

Funds for development projects announced by Prime Minister Nawaz Sharif after the Panama leaks on 3 April were not allocated in current Public Sector Development Programme (PSDP)-2015-16, it is learnt. According to sources, the federal government would al
Published 24 May, 2016 12:00am
Ramazan package okayed

Ramazan package okayed

The Economic Co-ordination Committee of the Cabinet (ECC) has approved a Rs 1.75 billion Ramzan Relief Package, admitting that private sector invariably increases prices of essential commodities. A meeting of the ECC chaired by Finance Minister Ishaq Dar
Published 24 May, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (May 23, 2016).

Published 24 May, 2016 12:00am
Ramazan package okayed

Ramazan package okayed

The Economic Co-ordination Committee of the Cabinet (ECC) has approved a Rs 1.75 billion Ramzan Relief Package, admitting that private sector invariably increases prices of essential commodities. A meeting of the ECC chaired by Finance Minister Ishaq Dar
Published 24 May, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (May 23, 2016).

Published 24 May, 2016 12:00am
Ramazan package okayed

Ramazan package okayed

The Economic Co-ordination Committee of the Cabinet (ECC) has approved a Rs 1.75 billion Ramzan Relief Package, admitting that private sector invariably increases prices of essential commodities. A meeting of the ECC chaired by Finance Minister Ishaq Dar
Published 24 May, 2016 12:00am
Gwadar free zone: grant of tax exemption approved

Gwadar free zone: grant of tax exemption approved

The Economic Co-ordination Committee of the Cabinet (ECC) has approved the grant of Tax Exemption under Gwadar Port Concession Agreement for Operation and Development of Gwadar Port for a period of 23 years to those establishing business in free zone.
Published 24 May, 2016 12:00am
Gwadar free zone: grant of tax exemption approved

Gwadar free zone: grant of tax exemption approved

The Economic Co-ordination Committee of the Cabinet (ECC) has approved the grant of Tax Exemption under Gwadar Port Concession Agreement for Operation and Development of Gwadar Port for a period of 23 years to those establishing business in free zone.
Published 24 May, 2016 12:00am
Gwadar free zone: grant of tax exemption approved

Gwadar free zone: grant of tax exemption approved

The Economic Co-ordination Committee of the Cabinet (ECC) has approved the grant of Tax Exemption under Gwadar Port Concession Agreement for Operation and Development of Gwadar Port for a period of 23 years to those establishing business in free zone.
Published 24 May, 2016 12:00am
IS blasts in Syria kill more than 148

IS blasts in Syria kill more than 148

More than 148 people were killed Monday in bombings claimed by the Islamic State group in north-western Syria, the deadliest attacks yet in the regime's coastal heartland. Seven near-simultaneous explosions targeted bus stations, hospitals and other civil
Published 24 May, 2016 12:00am
IS blasts in Syria kill more than 148

IS blasts in Syria kill more than 148

More than 148 people were killed Monday in bombings claimed by the Islamic State group in north-western Syria, the deadliest attacks yet in the regime's coastal heartland. Seven near-simultaneous explosions targeted bus stations, hospitals and other civil
Published 24 May, 2016 12:00am
Afghan Taliban meet on succession as Obama confirms leader's death

Afghan Taliban meet on succession as Obama confirms leader's death

Senior members of the Afghan Taliban met to choose a successor to their former leader Mullah Akhtar Mansour on Monday after US President Barack Obama confirmed his death in a drone strike inside Pakistani territory at the weekend. The Taliban themselves h
Published 24 May, 2016 12:00am
Afghan Taliban meet on succession as Obama confirms leader's death

Afghan Taliban meet on succession as Obama confirms leader's death

Senior members of the Afghan Taliban met to choose a successor to their former leader Mullah Akhtar Mansour on Monday after US President Barack Obama confirmed his death in a drone strike inside Pakistani territory at the weekend. The Taliban themselves h
Published 24 May, 2016 12:00am
BRIndex30 gains 280.94 points

BRIndex30 gains 280.94 points

On Monday, BRIndex30 opened at 22,870.30 points. It touched an intraday high of 23,237.64 points and an intraday low of 22,853.17 points and closed at 23,151.24 points which was 280.94 points or 1.23 percent higher than previous close. Total volume was 19
Published 24 May, 2016 12:00am
BRIndex30 gains 280.94 points

BRIndex30 gains 280.94 points

On Monday, BRIndex30 opened at 22,870.30 points. It touched an intraday high of 23,237.64 points and an intraday low of 22,853.17 points and closed at 23,151.24 points which was 280.94 points or 1.23 percent higher than previous close. Total volume was 19
Published 24 May, 2016 12:00am
Stocks rally on rate cut

Stocks rally on rate cut

Opening southward, the equities rallied Monday to hit all-time high of 36,723 points, up 30 points from 36,693 points of last session. The bullish close, analysts said, was led primarily by leveraged stocks with Saturday''s 25 basis points policy rate-cut
Published 24 May, 2016 12:00am
Stocks rally on rate cut

Stocks rally on rate cut

Opening southward, the equities rallied Monday to hit all-time high of 36,723 points, up 30 points from 36,693 points of last session. The bullish close, analysts said, was led primarily by leveraged stocks with Saturday's 25 basis points policy rate-cut
Published 24 May, 2016 12:00am
Stocks rally on rate cut

Stocks rally on rate cut

Opening southward, the equities rallied Monday to hit all-time high of 36,723 points, up 30 points from 36,693 points of last session. The bullish close, analysts said, was led primarily by leveraged stocks with Saturday's 25 basis points policy rate-cut
Published 24 May, 2016 12:00am
US envoy summoned

US envoy summoned

Pakistan on Monday summoned US Ambassador David Hale to express its concern over a drone strike on the Pakistani territory in which Afghan Taliban leader Mullah Akhtar Mansour was reportedly killed.
Published 24 May, 2016 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 24 May, 2016 12:00am
US envoy summoned

US envoy summoned

Pakistan on Monday summoned US Ambassador David Hale to express its concern over a drone strike on the Pakistani territory in which Afghan Taliban leader Mullah Akhtar Mansour was reportedly killed.
Published 24 May, 2016 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 24 May, 2016 12:00am
Panama Papers: names of government team members notified

Panama Papers: names of government team members notified

Speaker National Assembly Ayaz Sadiq on Monday notified six members to represent the government in the parliamentary committee to frame Terms of References (ToRs) for probing Panama leaks. According to the notification, the six members comprising four mem
Published 24 May, 2016 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 24 May, 2016 12:00am
Panama Papers: names of government team members notified

Panama Papers: names of government team members notified

Speaker National Assembly Ayaz Sadiq on Monday notified six members to represent the government in the parliamentary committee to frame Terms of References (ToRs) for probing Panama leaks. According to the notification, the six members comprising four mem
Published 24 May, 2016 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 24 May, 2016 12:00am
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