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Print - 2016-05-26
Huge pro-Mugabe march in Harare

Huge pro-Mugabe march in Harare

Tens of thousands of Zimbabweans marched through Harare on Wednesday in support of veteran President Robert Mugabe after the main opposition party staged a rally last month calling for him to resign.
Published 26 May, 2016 12:00am
IESCO apprehends 15 power thieves

IESCO apprehends 15 power thieves

Islamabad Electric Supply Company (IESCO) apprehended 15 electricity thieves upon the special directives of CEO Dr Rana Abdul Jabbar Khan in different areas of IESCO Region. According to the details 06 culprits were caught red handed from Islamabad Circle
Published 26 May, 2016 12:00am
LHC directs NTC to appoint fully qualified member as per NTC Act

LHC directs NTC to appoint fully qualified member as per NTC Act

As per the judgement of Lahore High Court (LHC), National Tariff Commission (NTC) is bound to immediately appoint Member fully qualified as per requirements of the National Tariff Commission Act, 2015 for completing ongoing anti-dumping investigations of
Published 26 May, 2016 12:00am
KP Assembly adopts bill to establish health foundation

KP Assembly adopts bill to establish health foundation

Khyber Pakhtunkhwa Assembly Wednesday passed KP Health Foundation Bill, 2016 to allow the provincial government to establish a Health Foundation to promote and enable the development of innovative health care delivery models to achieve its policy objectiv
Published 26 May, 2016 12:00am
Railway traffic resumes after six hours of suspension

Railway traffic resumes after six hours of suspension

The railway traffic, halted due to derailment of two bogies of a goods train in Hyderabad, has been resumed after 6 hours of suspension on Wednesday. Two bogies of a Lahore-bound goods train derailed near Pathan Goth Unit no 7 Latifabad early in the morni
Published 26 May, 2016 12:00am
CM's Cell receives 790 complaints from Karachiites

CM's Cell receives 790 complaints from Karachiites

Sindh Chief Minister House has received 790 complaints of Karachiites against different federal and provincial organisations, most of them against K-Electric, Karachi Water & Sewerage Board (KWSB) and SSGC while the complaints received from Interior Sindh
Published 26 May, 2016 12:00am
Bilawal urges Nawaz to appoint permanent foreign minister

Bilawal urges Nawaz to appoint permanent foreign minister

Pakistan People's Party (PPP) Chairman Bilawal Bhutto Zardari on Wednesday asked Prime Minister Nawaz Sharif to admit that he failed to appoint a permanent foreign minister. His statement comes in the backdrop of the US drone strike in Balochistan that ki
Published 26 May, 2016 12:00am
Media Commission: Supreme Court asks all parties to submit response

Media Commission: Supreme Court asks all parties to submit response

Adjourning the hearing of Media Commission recommendations case for two weeks on Wednesday, the apex court asked all the parties to submit a written response. Appearing before a two-member bench led by Justice Ejaz Afzal Khan, the petitioner, Hamid Mir, a
Published 26 May, 2016 12:00am
Heroin worth Rs 140 million seized
Cotton

Heroin worth Rs 140 million seized

Model Collectorate of Customs, Preventive on Wednesday claimed to have recovered biggest ever quantity of heroin (27 kilogram) worth Rs 140 million from one of the aircraft of Pakistan International Airlines (PIA). This was disclosed by Zahid Khokar, Chie
Published 26 May, 2016 12:00am
JI MPA, joint opposition in KP PA stage walkout

JI MPA, joint opposition in KP PA stage walkout

Joint opposition in Khyber Pakhtunkhwa Assembly on Wednesday staged a walkout of the provincial assembly to express solidarity with a treasury benches MPA protesting against the non-completion of a bridge in Dir Upper.
Published 26 May, 2016 12:00am
Maldives defence minister visits POF

Maldives defence minister visits POF

Minister for Defence Maldives Adam Shareef Umar along with an official delegation visited Pakistan Ordnance Factories on Wednesday. On arrival at POF, he was received by Lieutenant-General Omar Mahmood Hayat, Chairman POF Board and introduced him with POF
Published 26 May, 2016 12:00am
Opposition demands allocation of uplift funds in Punjab PA

Opposition demands allocation of uplift funds in Punjab PA

Opposition taking advantage from arrival of Chief Minister Muhammad Shahbaz Sharif in the Punjab Assembly 21st session here on Wednesday asked provincial government to allocate development funds to them.
Published 26 May, 2016 12:00am
Wall collapse: Punjab CM orders inquiry

Wall collapse: Punjab CM orders inquiry

Chief Minister, Punjab, Shahbaz Sharif on Wednesday visited the site where a godown wall collapsed owing to ongoing construction work at the Quaid-e-Azam Interchange near Manawan and sought details of incident.
Published 26 May, 2016 12:00am
Orange Line Metro project well on track: Chairman

Orange Line Metro project well on track: Chairman

Despite various impediments, the Lahore Orange Line Metro Train Project is very much on track as manufacturing of trains has also started by contactor the China North Industries Corporation side by side with civil works being executed by local companies,
Published 26 May, 2016 12:00am
Rs three billion allocated for research: chairman HEC

Rs three billion allocated for research: chairman HEC

The Higher Education Commission (HEC)'s Chairman Dr Mukhtar Ahmad has said that with a view to create a research culture in the country, an amount of Rs 3 billion has been allocated for funding of research projects in the universities. He was speaking at
Published 26 May, 2016 12:00am
KP Assembly condemns execution of Bangladesh JI leader

KP Assembly condemns execution of Bangladesh JI leader

Khyber Pakhtunkhwa Assembly Wednesday unanimously condemned the execution of Jamaat-e-Islami (JI) Bangladesh chief Matiur Rehman over baseless war crime charges. The unanimously passed resolution moved by Senior Minister for Local Government Rural Develop
Published 26 May, 2016 12:00am
Margin on MTB down 27 basis points

Margin on MTB down 27 basis points

Following a reduction in the key policy rate, margin on short-term government papers declined up to 27 basis points in the auction held Wednesday. The State Bank of Pakistan (SBP) in the last monetary policy announced Saturday cut the policy rate by 25 bp
Published 26 May, 2016 12:00am
Margin on MTB down 27 basis points

Margin on MTB down 27 basis points

Following a reduction in the key policy rate, margin on short-term government papers declined up to 27 basis points in the auction held Wednesday. The State Bank of Pakistan (SBP) in the last monetary policy announced Saturday cut the policy rate by 25 bp
Published 26 May, 2016 12:00am
Asia hotbed of IT piracy despite economic growth: report

Asia hotbed of IT piracy despite economic growth: report

More than 60 percent of all computer software installed in the Asia-Pacific in 2015 was unlicensed, the worst of any region, despite growing economies and anti-piracy efforts, an industry watchdog said Wednesday.
Published 26 May, 2016 12:00am
Asia hotbed of IT piracy despite economic growth: report

Asia hotbed of IT piracy despite economic growth: report

More than 60 percent of all computer software installed in the Asia-Pacific in 2015 was unlicensed, the worst of any region, despite growing economies and anti-piracy efforts, an industry watchdog said Wednesday.
Published 26 May, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 26 May, 2016 12:00am
Asia hotbed of IT piracy despite economic growth: report

Asia hotbed of IT piracy despite economic growth: report

More than 60 percent of all computer software installed in the Asia-Pacific in 2015 was unlicensed, the worst of any region, despite growing economies and anti-piracy efforts, an industry watchdog said Wednesday.
Published 26 May, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 26 May, 2016 12:00am
Renewable energy employed 8.1 million in 2015: IRENA

Renewable energy employed 8.1 million in 2015: IRENA

The global renewable energy sector employed more than 8.1 million people last year, a 5 percent increase that bucked an overall downwards market trend, a green energy organisation said Wednesday. In its annual review of the sector, the Abu Dhabi-based ren
Published 26 May, 2016 12:00am
The Weather

The Weather

The weather forecast is not being published as the Met Office did not update its Website on Wednesday.

Published 26 May, 2016 12:00am
Renewable energy employed 8.1 million in 2015: IRENA

Renewable energy employed 8.1 million in 2015: IRENA

The global renewable energy sector employed more than 8.1 million people last year, a 5 percent increase that bucked an overall downwards market trend, a green energy organisation said Wednesday. In its annual review of the sector, the Abu Dhabi-based ren
Published 26 May, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (May 25, 2016).

Published 26 May, 2016 12:00am
Renewable energy employed 8.1 million in 2015: IRENA

Renewable energy employed 8.1 million in 2015: IRENA

The global renewable energy sector employed more than 8.1 million people last year, a 5 percent increase that bucked an overall downwards market trend, a green energy organisation said Wednesday. In its annual review of the sector, the Abu Dhabi-based ren
Published 26 May, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (May 25, 2016).

Published 26 May, 2016 12:00am
Kisan Package notification: Supreme Court seeks reply from AGP

Kisan Package notification: Supreme Court seeks reply from AGP

The Supreme Court on Wednesday sought by May 26 (today) a written reply from the federation over legality of Prime Minister''s ''Kisan Package'' notification. Heading a two-member bench, Justice Ejaz Afzal Khan resumed the hearing of an appeal of federal
Published 26 May, 2016 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 26 May, 2016 12:00am
Kisan Package notification: Supreme Court seeks reply from AGP

Kisan Package notification: Supreme Court seeks reply from AGP

The Supreme Court on Wednesday sought by May 26 (today) a written reply from the federation over legality of Prime Minister's 'Kisan Package' notification. Heading a two-member bench, Justice Ejaz Afzal Khan resumed the hearing of an appeal of federal gov
Published 26 May, 2016 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 26 May, 2016 12:00am
Kisan Package notification: Supreme Court seeks reply from AGP

Kisan Package notification: Supreme Court seeks reply from AGP

The Supreme Court on Wednesday sought by May 26 (today) a written reply from the federation over legality of Prime Minister's 'Kisan Package' notification. Heading a two-member bench, Justice Ejaz Afzal Khan resumed the hearing of an appeal of federal gov
Published 26 May, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (May 25, 2016).

Published 26 May, 2016 12:00am
Banking industry's NPLs up by Rs 13 billion in QICY16

Banking industry's NPLs up by Rs 13 billion in QICY16

The Non-Performing Loans (NPLs) of the banking industry continued to rise and surged by over Rs 13.6 billion in the first quarter of this calendar year (CY16). Bankers said that the massive increase in the NPLs may create new challenges for the highly pro
Published 26 May, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (May 25, 2016)

Published 26 May, 2016 12:00am
Banking industry's NPLs up by Rs 13 billion in QICY16

Banking industry's NPLs up by Rs 13 billion in QICY16

The Non-Performing Loans (NPLs) of the banking industry continued to rise and surged by over Rs 13.6 billion in the first quarter of this calendar year (CY16). Bankers said that the massive increase in the NPLs may create new challenges for the highly pro
Published 26 May, 2016 12:00am
Banking industry's NPLs up by Rs 13 billion in QICY16

Banking industry's NPLs up by Rs 13 billion in QICY16

The Non-Performing Loans (NPLs) of the banking industry continued to rise and surged by over Rs 13.6 billion in the first quarter of this calendar year (CY16). Bankers said that the massive increase in the NPLs may create new challenges for the highly pro
Published 26 May, 2016 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Wednesday (May 25, 2016).

Published 26 May, 2016 12:00am
Ghazi Rasheed murder case: Musharraf declared PO

Ghazi Rasheed murder case: Musharraf declared PO

An Additional District and Sessions Court on Wednesday declared former President Pervez Musharraf as a proclaimed offender in the Ghazi Abdul Rasheed murder case.
Published 26 May, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (May 25, 2016).

Published 26 May, 2016 12:00am
Ghazi Rasheed murder case: Musharraf declared PO

Ghazi Rasheed murder case: Musharraf declared PO

An Additional District and Sessions Court on Wednesday declared former President Pervez Musharraf as a proclaimed offender in the Ghazi Abdul Rasheed murder case.
Published 26 May, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (May 25, 2016).

Published 26 May, 2016 12:00am
Dar asks banks to review mark-up rates for farmers
Cotton

Dar asks banks to review mark-up rates for farmers

Finance Minister Ishaq Dar Wednesday urged the public sector financial institutions to review the mark-up rates for agriculture credit. The institutions like NBP and ZTBL should take the step particularly in view of the reduction in overall policy rate re
Published 26 May, 2016 12:00am
Dar asks banks to review mark-up rates for farmers
Cotton

Dar asks banks to review mark-up rates for farmers

Finance Minister Ishaq Dar Wednesday urged the public sector financial institutions to review the mark-up rates for agriculture credit. The institutions like NBP and ZTBL should take the step particularly in view of the reduction in overall policy rate re
Published 26 May, 2016 12:00am
Dar asks banks to review mark-up rates for farmers
Cotton

Dar asks banks to review mark-up rates for farmers

Finance Minister Ishaq Dar Wednesday urged the public sector financial institutions to review the mark-up rates for agriculture credit. The institutions like NBP and ZTBL should take the step particularly in view of the reduction in overall policy rate re
Published 26 May, 2016 12:00am
THE RUPEE: minor changes
Currency

THE RUPEE: minor changes

The rupee moved cautiously against the dollar on the money market on Wednesday in the process of trading, dealers said.
Published 26 May, 2016 12:00am
Rare Shakespeare first edition sold for nearly £2 million

Rare Shakespeare first edition sold for nearly £2 million

A rare first edition of British playwright William Shakespeare's works from 1623 sold for £1.87 million (2.46 million euros, $2.75 million) at Christie's on Wednesday, the auction house said. A private US collector bought the book as well as three subsequ
Published 26 May, 2016 12:00am
THE RUPEE: minor changes
Currency

THE RUPEE: minor changes

The rupee moved cautiously against the dollar on the money market on Wednesday in the process of trading, dealers said.
Published 26 May, 2016 12:00am
Rare Shakespeare first edition sold for nearly £2 million

Rare Shakespeare first edition sold for nearly £2 million

A rare first edition of British playwright William Shakespeare's works from 1623 sold for £1.87 million (2.46 million euros, $2.75 million) at Christie's on Wednesday, the auction house said. A private US collector bought the book as well as three subsequ
Published 26 May, 2016 12:00am
Anti-Trump protesters hurl rocks as Trump wins Washington primary

Anti-Trump protesters hurl rocks as Trump wins Washington primary

Protesters opposed to Donald Trump hurled rocks and bottles outside a rally he spoke at in New Mexico on Tuesday, the same day the bombastic billionaire won the Republican presidential primary in Washington state. The victory brings Trump, the last Republ
Published 26 May, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (May 25, 2016).

Published 26 May, 2016 12:00am
Anti-Trump protesters hurl rocks as Trump wins Washington primary

Anti-Trump protesters hurl rocks as Trump wins Washington primary

Protesters opposed to Donald Trump hurled rocks and bottles outside a rally he spoke at in New Mexico on Tuesday, the same day the bombastic billionaire won the Republican presidential primary in Washington state. The victory brings Trump, the last Republ
Published 26 May, 2016 12:00am
Email scandal returns to dog Clinton presidential bid

Email scandal returns to dog Clinton presidential bid

The scandal over Hillary Clinton's use of a private email server while secretary of state returned on Wednesday to dog her presidential campaign. A starkly critical report by the State Department's inspector general found she had not sought permission to
Published 26 May, 2016 12:00am
Email scandal returns to dog Clinton presidential bid

Email scandal returns to dog Clinton presidential bid

The scandal over Hillary Clinton's use of a private email server while secretary of state returned on Wednesday to dog her presidential campaign. A starkly critical report by the State Department's inspector general found she had not sought permission to
Published 26 May, 2016 12:00am
Gunmen kill three soldiers in Peshawar

Gunmen kill three soldiers in Peshawar

Gunmen killed three paramilitary soldiers Wednesday after opening fire on their vehicle here on Wednesday, officials said. The drive-by shooting took place on the city's Ring Road.
Published 26 May, 2016 12:00am
Gunmen kill three soldiers in Peshawar

Gunmen kill three soldiers in Peshawar

Gunmen killed three paramilitary soldiers Wednesday after opening fire on their vehicle here on Wednesday, officials said. The drive-by shooting took place on the city's Ring Road.
Published 26 May, 2016 12:00am
DCO summoned for verifying documents of 'Mansour'

DCO summoned for verifying documents of 'Mansour'

Federal Investigation Agency (FIA) on Wednesday summoned District Co-ordination Officer (DCO) Hafiz Mohammad Tahir, who verified the documents of Wali Muhammad to help him obtain a Pakistani identity card.
Published 26 May, 2016 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 26 May, 2016 12:00am
DCO summoned for verifying documents of 'Mansour'

DCO summoned for verifying documents of 'Mansour'

Federal Investigation Agency (FIA) on Wednesday summoned District Co-ordination Officer (DCO) Hafiz Mohammad Tahir, who verified the documents of Wali Muhammad to help him obtain a Pakistani identity card.
Published 26 May, 2016 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 26 May, 2016 12:00am
Islamic scholar appointed Taliban chief

Islamic scholar appointed Taliban chief

The Afghan Taliban named an Islamic legal scholar who was one of former leader Mullah Akhtar Mansour's deputies to succeed him on Wednesday, after confirming Mansour's death in a U.S. drone strike at the weekend. Within an hour of the announcement, a Tali
Published 26 May, 2016 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 26 May, 2016 12:00am
Islamic scholar appointed Taliban chief

Islamic scholar appointed Taliban chief

The Afghan Taliban named an Islamic legal scholar who was one of former leader Mullah Akhtar Mansour's deputies to succeed him on Wednesday, after confirming Mansour's death in a U.S. drone strike at the weekend. Within an hour of the announcement, a Tali
Published 26 May, 2016 12:00am
Sovereignty violations detrimental to ties, Raheel tells Hale

Sovereignty violations detrimental to ties, Raheel tells Hale

The country's army has shown its serious concerns over the US drone strike in Balochistan. In a meeting with United States Ambassador to Pakistan David Hale on Wednesday, Chief of Army Staff (COAS) General Raheel Sharif said that such acts of sovereignty
Published 26 May, 2016 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 26 May, 2016 12:00am
Sovereignty violations detrimental to ties, Raheel tells Hale

Sovereignty violations detrimental to ties, Raheel tells Hale

The country's army has shown its serious concerns over the US drone strike in Balochistan. In a meeting with United States Ambassador to Pakistan David Hale on Wednesday, Chief of Army Staff (COAS) General Raheel Sharif said that such acts of sovereignty
Published 26 May, 2016 12:00am
BRIndex30 sheds 244.89 points

BRIndex30 sheds 244.89 points

On Wednesday, BRIndex30 opened at 23,281.22 points. It touched an intraday high of 23,374.84 points and an intraday low of 23,002.96 points and closed at 23,036.33 points which was -244.89 points or -1.05 percent lower than previous close. Total volume wa
Published 26 May, 2016 12:00am
BRIndex30 sheds 244.89 points

BRIndex30 sheds 244.89 points

On Wednesday, BRIndex30 opened at 23,281.22 points. It touched an intraday high of 23,374.84 points and an intraday low of 23,002.96 points and closed at 23,036.33 points which was -244.89 points or -1.05 percent lower than previous close. Total volume wa
Published 26 May, 2016 12:00am
PSX stays bearish

PSX stays bearish

Stocks remained bearish Wednesday. Equity analysts called it "pressure in a pre-budget rally" that kept equities in the red. The KSE-100 index shed 83 points or 0.23 percent to close at 36,499 compared to Tuesday''s 36,582 points. The volatile benchmark i
Published 26 May, 2016 12:00am
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