News Archives for Print - 2016-06-30 - Business Recorder

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Print - 2016-06-30

Import of raw cotton: APTMA concerned over increase in customs duty

Cotton

Import of raw cotton: APTMA concerned over increase in customs duty

All Pakistan Textile Mills Association (APTMA) has expressed a great concern over the callous attitude of the government in increasing the duty on import of raw cotton from 2% to 3% which along with the additional duty of 1% has increased the incidence of

Published 30 Jun, 2016 12:00am

NCPL abandons 660 megawatts coal-based power project

NCPL abandons 660 megawatts coal-based power project

Nishat Chunian Power Limited (NCPL) has abandoned the development of a 660 megawatts coal-based power plant in Punjab province, according to a stock filing on Wednesday. The company in an earlier notice, dated July 09, 2014, had notified its shareholders

Published 30 Jun, 2016 12:00am

Over 600 slums in Karachi safe havens for criminals

Over 600 slums in Karachi safe havens for criminals

The slum areas in Karachi have become a threat for law and order in the spiralling city as criminals have sought refuge in these areas. According to a report, more than 600 slum areas located within the centre of the city's posh areas as well as in suburb

Published 30 Jun, 2016 12:00am

British Deputy HC calls on Sindh Governor

British Deputy HC calls on Sindh Governor

The newly appointed British Deputy High Commissioner in Karachi, Belinda Lewis, called on Sindh Governor, Dr Ishrat ul Ebad Khan, at the Governor House here on Wednesday. The out-going British Deputy High Commissioner, John Tucknott, was also present. On

Published 30 Jun, 2016 12:00am

Factory raided in Lahore: FIA confiscates counterfeit Rooh Afza packaging materials

Factory raided in Lahore: FIA confiscates counterfeit Rooh Afza packaging materials

A team of Federal Investigation Agency (FIA) Anti Counterfeiting Unit raided a factory recently at Shahdara, Lahore, arrested owner Fazal Ahmed and confiscated large quantity of counterfeit Rooh Afza bottles, caps, labels and molding die.

Published 30 Jun, 2016 12:00am

Disconnection of power supply: PESCO accelerates campaign

Disconnection of power supply: PESCO accelerates campaign

Peshawar Electricity Supply Company (PESCO) has accelerated disconnection campaign against power defaulters throughout Khyber Pakhtunkhwa and due to non-payment of billions of rupees Pesco's Bannu Circle teams cut off power supply to federal and provincia

Published 30 Jun, 2016 12:00am

Local government minister identifies extent of water scarcity in Karachi

Local government minister identifies extent of water scarcity in Karachi

Sindh Minister for Local Government, Jam Khan Shoro has said that present water supply to city is only 50 percent of the required. "The city needs 1050MGD and the supply is 500MGD," he said this while addressing the members of Federation of Pakistan Chamb

Published 30 Jun, 2016 12:00am

Rs 476 million released for de-silting of all 30 nullahs: Sindh CM

Rs 476 million released for de-silting of all 30 nullahs: Sindh CM

Sindh Chief Minister Syed Qaim Ali Shah has said that he has released Rs 476 million for de-silting of all the 30 nullahs of the city but emergent cleansing work started on four nullahs should not be stopped during the Eid holidays. There must be red-aler

Published 30 Jun, 2016 12:00am

Contempt application: LHC gives 10-day deadline to vice chancellor UHS

Contempt application: LHC gives 10-day deadline to vice chancellor UHS

The vice chancellor of the University of Health Science has been given a 10 day deadline by the city's top court to comply with an earlier order or else he could face contempt of court. The court order on Wednesday stems from a contempt application by Qai

Published 30 Jun, 2016 12:00am

Minister urges youth to promote culture of education, research

Minister urges youth to promote culture of education, research

A Punjab minister has urged the young generation to promote the culture of education and research, saying hardworking and competent male and female students are "the symbol of the bright future of Pakistan". Minister for Minority Affairs and Human Rights

Published 30 Jun, 2016 12:00am

PQFTL to achieve distributable surplus for eight consecutive years

PQFTL to achieve distributable surplus for eight consecutive years

Pak-Qatar Family Takaful Limited (PQFTL) is now the only operator in Pakistan, to achieve distributable surplus for eight consecutive years. PQFTL has announced the distribution of 28 percent surplus among its Individual Family Takaful participants (Direc

Published 30 Jun, 2016 12:00am

PQFTL to achieve distributable surplus for eight consecutive years

PQFTL to achieve distributable surplus for eight consecutive years

Pak-Qatar Family Takaful Limited (PQFTL) is now the only operator in Pakistan, to achieve distributable surplus for eight consecutive years. PQFTL has announced the distribution of 28 percent surplus among its Individual Family Takaful participants (Direc

Published 30 Jun, 2016 12:00am

Four new additional judges of SHC take oath

Four new additional judges of SHC take oath

Four new additional judges of Sindh High Court (SHC) on Wednesday took oath after which the number of judges in SHC has increased to 36. Chief Justice of Sindh High Court (SHC) Sajjad Ali Shah administered the oath to new additional judges in the ceremony

Published 30 Jun, 2016 12:00am

Board approves PICIC-CSIL merger

Board approves PICIC-CSIL merger

The Board of Directors of PICIC Insurance Limited on Wednesday appoved the company's merger with and into Crescent Star Insurance Limited (CSIL), said a stock filing. The Board approved the Scheme of Arrangement under Sections 284 to 288 of the Companies

Published 30 Jun, 2016 12:00am

Transporting passengers: PIA extends support to Turkish Airlines

Transporting passengers: PIA extends support to Turkish Airlines

Following Istanbul's Ataturk airport terrorist attack that left 41 killed and over 200 injured, the Pakistan International Airlines (PIA) has extended its support to Turkish Airlines for transporting its passengers. According to details, the Pakistan's na

Published 30 Jun, 2016 12:00am

UIT's BS Computer Science programme: NCEAC grants 'W' category accreditation

UIT's BS Computer Science programme: NCEAC grants 'W' category accreditation

National Computing Education Accreditation Council (NCEAC), a body set up by Higher Education Commission (HEC) to accredit Computer Science, Software Engineering, Information Technology, Information Systems and Bioinformatics Programmes, has granted its h

Published 30 Jun, 2016 12:00am

Rains severely hit Eid shopping

Rains severely hit Eid shopping

Continuing heavy rain has severely hit the Eid shopping while trade activities in the wholesale and retail commodity markets also remained flat owing to a small number of buyers. With less than 9 days left for Eid, rain, which set in since Tuesday evening

Published 30 Jun, 2016 12:00am

Many areas face power outages: rain exposes vulnerability of KE's system

Many areas face power outages: rain exposes vulnerability of KE's system

As the second spell of monsoon rains hit the city on Wednesday, power supply to many areas of the city remained suspended leaving the residents to brave hours longs power outages. The KE claimed that power supply to Karachi remained largely stable on seco

Published 30 Jun, 2016 12:00am

Ban imposed on swimming off beach

Ban imposed on swimming off beach

The Sindh government on Wednesday has banned swimming in the sea for 30 days. A notification has been issued in this regard. According to the notification, the violators will be sent to jail.

Published 30 Jun, 2016 12:00am

Three alleged terrorists killed in Awaran

Three alleged terrorists killed in Awaran

At least three terrorists were gunned down in an encounter between security forces and terrorists in Mashkay area of Awaran district of Balochistan on Wednesday. According to levies sources, on a tip-off about presence of the terrorists in the area, the s

Published 30 Jun, 2016 12:00am

Federal minister, MNAs call on Punjab CM

Federal minister, MNAs call on Punjab CM

Federal Ministers Khurram Dastagir Khan and Sheikh Aftab Ahmed met Punjab Chief Minister Muhammad Shahbaz Sharif, here on Wednesday. Talking to the federal ministers, the CM said that national economy has improved due to solid economic policies of the PML

Published 30 Jun, 2016 12:00am

Bilawal condemns attacks on Ataturk Airport

Bilawal condemns attacks on Ataturk Airport

Chairman Pakistan Peoples Party (PPP), Bilawal Bhutto Zardari has condemned the suicide attacks on Ataturk International Airport in Istanbul - Turkey. In a statement on Wednesday he said that indeed, terrorism is a monster for humankind and both extremism

Published 30 Jun, 2016 12:00am

EU to provide 46.79 million euros for Balochistan rural development

EU to provide 46.79 million euros for Balochistan rural development

The European Union and Government of Pakistan signed two agreements to provide grant of Euros 59.39 for the rural development and community empowerment programme in Balochistan and for International labour and environment standards application in Pakistan

Published 30 Jun, 2016 12:00am

CDNS collects Rs 214 billion by June 10

CDNS collects Rs 214 billion by June 10

The Central Directorate of National Savings (CDNS) collected Rs 214 billion against the revised target of Rs 218 billion by June 10, during the current fiscal year (2015-16). The National Savings has revised the target for year 2015-16 had been set at Rs

Published 30 Jun, 2016 12:00am

Rains cause collapse of drainage system, dull commercial activities

Rains cause collapse of drainage system, dull commercial activities

Intermittent monsoon showers since Tuesday evening have led to the virtual collapse of the drainage system and paralysed of all business, economic and commercial activities, while more rainfall during the next 24-hours were forecast by the Met Office on W

Published 30 Jun, 2016 12:00am

Ogra recommends hike in petroleum prices

Ogra recommends hike in petroleum prices

The Oil and Gas Regulatory Authority (OGRA), on Wednesday recommended the government to increase the price of petroleum products between Rs 1.93 to Rs 8.62 per litre, effective from 1 July. According to a summary forwarded to the Ministry of Petroleum and

Published 30 Jun, 2016 12:00am

Body discusses proposed legislation

Body discusses proposed legislation

The Laws Review Committee Wednesday held detailed discussions on the legislation which is to be placed before the Parliament. Finance Minister, Senator Mohammad Ishaq Dar chaired the meeting during which the proposals regarding pending legislation in the

Published 30 Jun, 2016 12:00am

KP's P&D department unveils monitoring, evaluation report 2014-15

KP's P&D department unveils monitoring, evaluation report 2014-15

The Monitoring and Evaluation (M&E) Directorate of the Planning & Development (P&D) Department, Khyber Pakhtunkhwa unveiled the 5th Annual Report 2014-15 that highlights the performance of Government departments in developmental activities gauged against

Published 30 Jun, 2016 12:00am

Dar and ADB official discuss operationalization of PDF

Dar and ADB official discuss operationalization of PDF

Finance Minister Senator Mohammad Ishaq Dar and Country Director, Asian Development Bank (ADB) Werner Leipach Wednesday discussed matters relating to operationalization of Pakistan Development Fund (PDF). Dar informed the ADB Country Director who called o

Published 30 Jun, 2016 12:00am

Three die, 7 hurt as vehicle falls into gorge in Upper Dir

Three die, 7 hurt as vehicle falls into gorge in Upper Dir

At least three people died and seven others injured when a vehicle fell into a deep gorge after it skidded off road here on Wednesday. Police said that a Warri bound vehicle coming from Nehag Darra of Dir Upper with 10 people on board in plunged into deep

Published 30 Jun, 2016 12:00am

The Weather

The Weather

The weather report on Wednesday (June 29, 2016) and the forecast for Thursday (June 30, 2016).

Published 30 Jun, 2016 12:00am

Two held; illegal foreign currency seized

Currency

Two held; illegal foreign currency seized

Federal Investigation Agency (FIA) has seized Pakistani and foreign currency in Chowk Yadgar on Wednesday and apprehended two persons, who were allegedly running Hundi and Hawala business. The FIA Crime Banking Circle Peshawar conducted a raid in Chowk Ya

Published 30 Jun, 2016 12:00am

Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (June 29, 2016).

Published 30 Jun, 2016 12:00am

Last year's floods in Chitral: PTI chief spells out reasons behind lack of rehabilitation

Last year's floods in Chitral: PTI chief spells out reasons behind lack of rehabilitation

Chairman, Pakistan Tehrik-e-Insaf (PTI), Imran Khan has said that due to the discriminatory attitude of federal government and decreasing of its receipts from Rs 140 billion to Rs 113 billion has become the victim of resource shortage and is not in positi

Published 30 Jun, 2016 12:00am

Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (June 29, 2016).

Published 30 Jun, 2016 12:00am

DN Peshawar for activation of all ineffective schools

DN Peshawar for activation of all ineffective schools

District Nazim, Peshawar, Mohammad Asim Khan has directed the activation of all ineffective schools of the district before the end of summer vacations, installation of solar system for provision of uninterrupted power supply to schools of rural areas, fil

Published 30 Jun, 2016 12:00am

LME official prices

LME official prices

The following were Tuesday official prices.

Published 30 Jun, 2016 12:00am

M&E Directorate's report highlights government departments' performance

M&E Directorate's report highlights government departments' performance

The Monitoring and Evaluation (M&E)Directorate of the Planning & Development Department, Government of Khyber Pakhtunkhwa has unveiled the 5th Annual Report 2014-15 that highlights the performance of the government departments in developmental activities

Published 30 Jun, 2016 12:00am

LME official prices

LME official prices

The following were Tuesday official prices.

Published 30 Jun, 2016 12:00am

Oil up four percent on US crude draw; Brent back above $50

Oil up four percent on US crude draw; Brent back above $50

Oil prices surged 4 percent on Wednesday, with Brent settling above the psychological $50 a barrel mark, after a larger-than-expected drawdown in US crude inventories. It was a second straight day of gains for oil, which has risen nearly 8 percent since M

Published 30 Jun, 2016 12:00am

Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (June 29, 2016).

Published 30 Jun, 2016 12:00am

US MIDDAY: wheat and corn plummet

US MIDDAY: wheat and corn plummet

US wheat futures fell on Wednesday, extending their decline under pressure from the ongoing harvest of a bountiful crop in the Plains and the Midwest which threatens to add to a glut of supplies that is largely being shunned by overseas buyers. Corn futur

Published 30 Jun, 2016 12:00am

Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (June 29, 2016)

Published 30 Jun, 2016 12:00am

US MIDDAY: gold and silver soar

US MIDDAY: gold and silver soar

Gold rose on Wednesday as the dollar retreated and investor appetite for safe assets remained strong because of longer-term financial uncertainty after Britain's surprise vote to leave the European Union. Silver rose to a 1-1/2-year high, while platinum a

Published 30 Jun, 2016 12:00am

Lahore Paper Market Rates

Lahore Paper Market Rates

Paper market rates in rupees on Wednesday (June 29, 2016).

Published 30 Jun, 2016 12:00am

MoF's response to 'Rise in external debt'

MoF's response to 'Rise in external debt'

The spokesman of the Ministry of Finance with reference to a Comment in Business Recorder titled "Rise in external debt" dated 23.06.2016, offers the following views in response:

Published 30 Jun, 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 (June 29, 2016).

Published 30 Jun, 2016 12:00am

Trump supporters more likely to view blacks negatively

Trump supporters more likely to view blacks negatively

Supporters of US presidential candidate Donald Trump are more likely to describe African Americans as "criminal," "unintelligent," "lazy" and "violent" than voters who backed some Republican rivals in the primaries or who support Democratic contender Hill

Published 30 Jun, 2016 12:00am

Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (June 29, 2016).

Published 30 Jun, 2016 12:00am

Brexit and its aftermath

Currency

Brexit and its aftermath

The politics of far right is seeking to disintegrate Europe; Britain has opted out of the European Union (EU). The immediate cause leading to its exit is the immigration issue. The immigrants, according to one point of view, were stealing low-wage jobs fr

Published 30 Jun, 2016 12:00am

Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (June 29, 2016).

Published 30 Jun, 2016 12:00am

VIEWPOINT: Why fund the Haqqania seminary?

VIEWPOINT: Why fund the Haqqania seminary?

PTI leader Imran Khan is under well-deserved criticism for his KPK government's allocation of Rs 300 million for Maulana Samiul Haq's seminary, Darul Aloom Haqqania at Akhora Khattak, which is well-known for its Taliban connection. The seminary boasts alu

Published 30 Jun, 2016 12:00am

Dollar's rate in interbank market

Dollar's rate in interbank market

Interbank closing rates for dollar on Wednesday (June 29, 2016).

Published 30 Jun, 2016 12:00am

ECP references

ECP references

The Pakistan People's Party (PPP) has followed in the footsteps of the Pakistan Tehreek-e-Insaf (PTI) in filing a reference before the Election Commission of Pakistan (ECP) against Prime Minister (PM) Nawaz Sharif, Punjab Chief Minister Shahbaz Sharif, Fi

Published 30 Jun, 2016 12:00am

Kerb buying and selling rate of US dollar

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Wednesday (June 29, 2016).

Published 30 Jun, 2016 12:00am

Financial Stability Review

Financial Stability Review

According to the Financial Stability Review (FSR) released by the State Bank on 27th June, 2016, financial system of Pakistan remains in a good shape but is also beset with certain challenges at the same time. The asset base of the financial sector has in

Published 30 Jun, 2016 12:00am

THE RUPEE: steadier trend

Currency

THE RUPEE: steadier trend

The rupee managed to sustain its overnight levels against the dollar on the money market on Wednesday in the process of trading, dealer said. The rupee inched up by one paisa in terms of dollar for buying and selling at Rs 104.73 and Rs 104.75 respectivel

Published 30 Jun, 2016 12:00am

Putin extends Western food embargo to end of 2017

Putin extends Western food embargo to end of 2017

Russian President Vladimir Putin on Wednesday extended to the end of 2017 Moscow''s embargo on food items from the West imposed in retaliation for sanctions over Ukraine. A decree posted in the official government database states that the existing embargo

Published 30 Jun, 2016 12:00am

THE RUPEE: steadier trend

Currency

THE RUPEE: steadier trend

The rupee managed to sustain its overnight levels against the dollar on the money market on Wednesday in the process of trading, dealer said. The rupee inched up by one paisa in terms of dollar for buying and selling at Rs 104.73 and Rs 104.75 respectivel

Published 30 Jun, 2016 12:00am

Putin extends Western food embargo to end of 2017

Putin extends Western food embargo to end of 2017

Russian President Vladimir Putin on Wednesday extended to the end of 2017 Moscow's embargo on food items from the West imposed in retaliation for sanctions over Ukraine. A decree posted in the official government database states that the existing embargo

Published 30 Jun, 2016 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Wednesday (June 29, 2016).

Published 30 Jun, 2016 12:00am

Putin extends Western food embargo to end of 2017

Putin extends Western food embargo to end of 2017

Russian President Vladimir Putin on Wednesday extended to the end of 2017 Moscow's embargo on food items from the West imposed in retaliation for sanctions over Ukraine. A decree posted in the official government database states that the existing embargo

Published 30 Jun, 2016 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Wednesday (June 29, 2016).

Published 30 Jun, 2016 12:00am

ICM certification: SHC bars SECP from taking action against stockbrokers

ICM certification: SHC bars SECP from taking action against stockbrokers

Sindh High Court (SHC) has barred the Securities and Exchange Commission of Pakistan (SECP) from taking any coercive action against the stockbrokers resisting ICM certification through grandfathering. The SECP Circular 9 of 2015 requires the grandfathered

Published 30 Jun, 2016 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Wednesday (June 29, 2016).

Published 30 Jun, 2016 12:00am

ICM certification: SHC bars SECP from taking action against stockbrokers

ICM certification: SHC bars SECP from taking action against stockbrokers

Sindh High Court (SHC) has barred the Securities and Exchange Commission of Pakistan (SECP) from taking any coercive action against the stockbrokers resisting ICM certification through grandfathering. The SECP Circular 9 of 2015 requires the grandfathered

Published 30 Jun, 2016 12:00am

Cross Transactions between Client to Client & Financial Institutions

Cross Transactions between Client to Client & Financial Institutions

The following were the cross transactions between client to client & financial institutions here on Wednesday (June 29, 2016).

Published 30 Jun, 2016 12:00am

ICM certification: SHC bars SECP from taking action against stockbrokers

ICM certification: SHC bars SECP from taking action against stockbrokers

Sindh High Court (SHC) has barred the Securities and Exchange Commission of Pakistan (SECP) from taking any coercive action against the stockbrokers resisting ICM certification through grandfathering. The SECP Circular 9 of 2015 requires the grandfathered

Published 30 Jun, 2016 12:00am

Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (June 29, 2016).

Published 30 Jun, 2016 12:00am

Toyota recalling 3.3 million vehicles over defects

Toyota recalling 3.3 million vehicles over defects

Toyota said on Wednesday it is recalling 3.37 million vehicles globally over a pair of defects, in the latest hit for a Japanese auto industry hit by fuel-efficiency scandals and an exploding airbag crisis. The most affected models in Toyota''s recall inc

Published 30 Jun, 2016 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Wednesday (June 29, 2016)

Published 30 Jun, 2016 12:00am

Toyota recalling 3.3 million vehicles over defects

Toyota recalling 3.3 million vehicles over defects

Toyota said on Wednesday it is recalling 3.37 million vehicles globally over a pair of defects, in the latest hit for a Japanese auto industry hit by fuel-efficiency scandals and an exploding airbag crisis. The most affected models in Toyota's recall incl

Published 30 Jun, 2016 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Wednesday (June 29, 2016)

Published 30 Jun, 2016 12:00am

Toyota recalling 3.3 million vehicles over defects

Toyota recalling 3.3 million vehicles over defects

Toyota said on Wednesday it is recalling 3.37 million vehicles globally over a pair of defects, in the latest hit for a Japanese auto industry hit by fuel-efficiency scandals and an exploding airbag crisis. The most affected models in Toyota's recall incl

Published 30 Jun, 2016 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Wednesday (June 29, 2016)

Published 30 Jun, 2016 12:00am

LuxLeaks whistleblowers get suspended jail sentences

LuxLeaks whistleblowers get suspended jail sentences

Two whistleblowers in the "LuxLeaks" tax scandal were given suspended jail sentences on Wednesday for leaking thousands of documents that exposed Luxembourg''''s huge tax breaks for major international companies. The LuxLeaks scandal sparked a major globa

Published 30 Jun, 2016 12:00am

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

National Clearing Company declares daily settlement information for local & foreign investors on Wednesday (June 29, 2016).

Published 30 Jun, 2016 12:00am

LuxLeaks whistleblowers get suspended jail sentences

LuxLeaks whistleblowers get suspended jail sentences

Two whistleblowers in the "LuxLeaks" tax scandal were given suspended jail sentences on Wednesday for leaking thousands of documents that exposed Luxembourg''s huge tax breaks for major international companies. The LuxLeaks scandal sparked a major global

Published 30 Jun, 2016 12:00am

BRIndex30 and BR Sectoral Indices

BRIndex30 and BR Sectoral Indices

BRIndex30 and BR Sectoral Indices on Wednesday (June 29, 2016).

Published 30 Jun, 2016 12:00am

LuxLeaks whistleblowers get suspended jail sentences

LuxLeaks whistleblowers get suspended jail sentences

Two whistleblowers in the "LuxLeaks" tax scandal were given suspended jail sentences on Wednesday for leaking thousands of documents that exposed Luxembourg's huge tax breaks for major international companies. The LuxLeaks scandal sparked a major global p

Published 30 Jun, 2016 12:00am

Despatch of dividend warrants

Despatch of dividend warrants

Dates of despatch of dividend warrants and bonus share certificates.

Published 30 Jun, 2016 12:00am

LuxLeaks whistleblowers get suspended jail sentences

LuxLeaks whistleblowers get suspended jail sentences

Two whistleblowers in the "LuxLeaks" tax scandal were given suspended jail sentences on Wednesday for leaking thousands of documents that exposed Luxembourg's huge tax breaks for major international companies. The LuxLeaks scandal sparked a major global p

Published 30 Jun, 2016 12:00am

BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 30 Jun, 2016 12:00am

PML-N plans warm welcome for Prime Minister

PML-N plans warm welcome for Prime Minister

The ruling Pakistan Muslim League-Nawaz (PML-N) has planned to give a warm welcome to Prime Minister Nawaz Sharif, as he is tentatively scheduled to return home on July 10 after undergoing an open heart surgery in London. Sources within PML-N told Busi

Published 30 Jun, 2016 12:00am

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 30 Jun, 2016 12:00am

PML-N plans warm welcome for Prime Minister

The ruling Pakistan Muslim League-Nawaz (PML-N) has planned to give a warm welcome to Prime Minister Nawaz Sharif, as he is tentatively scheduled to return home on July 10 after undergoing an open heart surgery in London. Sources within PML-N told Busi
Published 30 Jun, 2016 12:00am

Dividend/Bonus Announcements

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

Published 30 Jun, 2016 12:00am

Safoora Goth carnage, Sabeen Mahmud's murder: Convicts challenge death sentences

The convicts of Safoora Goth carnage and Sabeen Mahmud murder cases on Wednesday challenged their death sentences before the Military Court of Appeal. Five hardcore terrorists - Tahir Minhas, Saad Aziz, Asadur Rehman, Mohammad Azhar Ishrat and Hafiz Nasir
Published 30 Jun, 2016 12:00am

Last date of renunciation/payment

Last dates of renunciation/payment.

Published 30 Jun, 2016 12:00am

Safoora Goth carnage, Sabeen Mahmud's murder: Convicts challenge death sentences

The convicts of Safoora Goth carnage and Sabeen Mahmud murder cases on Wednesday challenged their death sentences before the Military Court of Appeal. Five hardcore terrorists - Tahir Minhas, Saad Aziz, Asadur Rehman, Mohammad Azhar Ishrat and Hafiz Nasir
Published 30 Jun, 2016 12:00am

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 30 Jun, 2016 12:00am

PSX slaps ban on brokerage firm

Front regulators at Pakistan Stock Exchange (PSX) have restricted the working of a defaulter brokerage firm for not complying with its regulations on segregation of client assets. Invest Forum (SMC-Private) Limited, said a PSX notice Wednesday, was provid
Published 30 Jun, 2016 12:00am

Clearing Schedule for T+2 System

Karachi Stock Exchange's Clearing Schedule for T+2 System.

Published 30 Jun, 2016 12:00am

Clarification

This is apropos a news item ''BD has stopped issuing visas to businessmen: Munir'' carried by Business Recorder on June 28. Fazle Lohani, Head of Chancery, the Deputy High Commission for Bangladesh has clarified: "Bangladesh has not stopped issuing
Published 30 Jun, 2016 12:00am

Dates of Closure of Books & Annual General Meetings

Dates of Closure of Books and holding of Ordinary and Extra-Ordinary General Meetings of companies listed on the stock exchanges.

Published 30 Jun, 2016 12:00am

Clarification

This is apropos a news item 'BD has stopped issuing visas to businessmen: Munir' carried by Business Recorder on June 28. Fazle Lohani, Head of Chancery, the Deputy High Commission for Bangladesh has clarified: "Bangladesh has not stopped issuing v
Published 30 Jun, 2016 12:00am

EFU TAKAFUL GROWTH FUND RATES

EFU Takaful Growth Fund Rates on Wednesday (June 29, 2016).

Published 30 Jun, 2016 12:00am

Clarification

This is apropos a news item 'BD has stopped issuing visas to businessmen: Munir' carried by Business Recorder on June 28. Fazle Lohani, Head of Chancery, the Deputy High Commission for Bangladesh has clarified: "Bangladesh has not stopped issuing v
Published 30 Jun, 2016 12:00am

EFU TAKAFUL GROWTH FUND RATES

EFU Takaful Growth Fund Rates on Wednesday (June 29, 2016).

Published 30 Jun, 2016 12:00am

Logistics: performance Index Pakistan ranked at 68th position

Pakistan has jumped 4 places to 68 against India at 35 in the latest World Bank (WB) ranking in the global logistics performance, reflecting the slow improvement in logistic performance of the country. The results of the WB report "Connecting to Compete 2
Published 30 Jun, 2016 12:00am

Previous Day

Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / Nov 15

277.70

USD PKR Interbank Buying / Nov 15

277.50

USD to Japanese Yen / Nov 15

155.61

USD to Swiss Franc / Nov 15

0.89

Pound Sterling to USD / Nov 15

1.27

Euro to USD / Nov 15

1.06

Stock Volume

India Sensex / Nov 14

77,580.31

S&P 500 / Nov 15

5,906.50

Tokyo Nikkei / Nov 15

38,642.91

Nasdaq / Nov 15

18,861.33

Hang Seng / Nov 15

19,426.34

FTSE 100 / Nov 15

8,065.30

Dow Jones / Nov 15

43,602

Germany DAX 30 / Nov 15

19,211.48

Item Value

Gold 10 Grams PKR / Nov 14

232,340

Crude Oil USD/Barrel / Nov 15

67.86

Karachi Cotton PKR/37.32 KG / Nov 15

18,085

Gold Spot USD/Ounce / Nov 15

2,567.71

Cotton US¢/pound / Nov 15

69.87

Petrol/Litre / Nov 16

248.38

Gainers
Losers
Leaders

Stock Price

786 Invest Ltd / Nov 16

786 Investments Limited(786)

6.37

▼ 0.00 (0.00%)

AL-Abbas Sugar / Nov 16

Al-Abbas Sugar Mills Limited(AABS)

609.47

▼ 0.00 (0.00%)

Agro Allianz / Nov 16

Agro Allianz Limited(AAL)

16

▼ 0.00 (0.00%)

AL-Abid Silk / Nov 16

Al-Abid Silk Mills Limited(AASM)

3.49

▼ 0.00 (0.00%)

Ali Asghar / Nov 16

Ali Asghar Textile Mills Limited(AATM)

61.35

▼ 0.00 (0.00%)

Allied Bank / Nov 16

Allied Bank Limited(ABL)

114.03

▼ 0.00 (0.00%)

Abbott Lab. / Nov 16

Abbott Laboratories (Pakistan) Limited(ABOT)

993.93

▼ 0.00 (0.00%)

Abson Ind. / Nov 16

Abson Industries Limited(ABSON)

2.50

▼ 0.00 (0.00%)

Alfalah ETF. / Nov 16

Alfalah Consumer Index ETF.(ACIETF)

12.31

▼ 0.00 (0.00%)

Stock Price

786 Invest Ltd / Nov 16

786 Investments Limited(786)

6.37

▲ 0.00 (0.00%)

AL-Abbas Sugar / Nov 16

Al-Abbas Sugar Mills Limited(AABS)

609.47

▲ 0.00 (0.00%)

Agro Allianz / Nov 16

Agro Allianz Limited(AAL)

16

▲ 0.00 (0.00%)

AL-Abid Silk / Nov 16

Al-Abid Silk Mills Limited(AASM)

3.49

▲ 0.00 (0.00%)

Ali Asghar / Nov 16

Ali Asghar Textile Mills Limited(AATM)

61.35

▲ 0.00 (0.00%)

Allied Bank / Nov 16

Allied Bank Limited(ABL)

114.03

▲ 0.00 (0.00%)

Abbott Lab. / Nov 16

Abbott Laboratories (Pakistan) Limited(ABOT)

993.93

▲ 0.00 (0.00%)

Abson Ind. / Nov 16

Abson Industries Limited(ABSON)

2.50

▲ 0.00 (0.00%)

Alfalah ETF. / Nov 16

Alfalah Consumer Index ETF.(ACIETF)

12.31

▲ 0.00 (0.00%)

Stock Volume

WorldCall Telecom / Nov 16

Worldcall Telecom Limited(WTL)

177,393,273

▲ 0.00

Hascol Petrol / Nov 16

Hascol Petroleum Limited(HASCOL)

59,224,094

▲ 0.00

Treet Battery / Nov 16

Treet Battery Limited(TBL)

47,940,702

▲ 0.00

Sui South Gas / Nov 16

Sui Southern Gas Company Limited(SSGC)

42,748,255

▲ 0.00

Cnergyico PK / Nov 16

Cnergyico PK Limited(CNERGY)

32,665,062

▲ 0.00

TPL Properties / Nov 16

TPL Properties Limited(TPLP)

30,497,881

▲ 0.00

Treet Corp / Nov 16

Treet Corporation Limited(TREET)

29,734,104

▲ 0.00

Telecard Limited / Nov 16

Telecard Limited(TELE)

29,162,423

▲ 0.00

Pak Refinery / Nov 16

Pakistan Refinery Limited(PRL)

27,309,247

▲ 0.00

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