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Print - 2016-07-26
Tunisians rally against bill that would pardon graft

Tunisians rally against bill that would pardon graft

Hundreds of Tunisian demonstrated Monday in the capital to protest against a bill being discussed in parliament to grant amnesty to people accused of corruption. If the so-called "economic reconciliation" bill is passed, people accused of corruption would
Published 26 Jul, 2016 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 26 Jul, 2016 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 26 Jul, 2016 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 26 Jul, 2016 12:00am
19 dead, 20 injured in Japan knife attack

19 dead, 20 injured in Japan knife attack

As many as 19 people were killed and 20 injured following a knife attack in Sagamihara, outside Tokyo. The Kyodo news agency reported that a knife-wielding man attacked a facility for the disabled and then turned himself in, police said. No further detail
Published 26 Jul, 2016 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 26 Jul, 2016 12:00am
19 dead, 20 injured in Japan knife attack

19 dead, 20 injured in Japan knife attack

As many as 19 people were killed and 20 injured following a knife attack in Sagamihara, outside Tokyo. The Kyodo news agency reported that a knife-wielding man attacked a facility for the disabled and then turned himself in, police said. No further detail
Published 26 Jul, 2016 12:00am
Sugar mills: SC endorses Punjab government ban
Cotton

Sugar mills: SC endorses Punjab government ban

The Supreme Court on Monday declared the Punjab government ban on setting up new sugar mills and extension to the existing ones in public and national interest. On June 23, a two-member bench led by Justice Ejaz Afzal Khan had reserved its judgement in re
Published 26 Jul, 2016 12:00am
Sugar mills: SC endorses Punjab government ban
Cotton

Sugar mills: SC endorses Punjab government ban

The Supreme Court on Monday declared the Punjab government ban on setting up new sugar mills and extension to the existing ones in public and national interest. On June 23, a two-member bench led by Justice Ejaz Afzal Khan had reserved its judgement in re
Published 26 Jul, 2016 12:00am
Sugar mills: SC endorses Punjab government ban
Cotton

Sugar mills: SC endorses Punjab government ban

The Supreme Court on Monday declared the Punjab government ban on setting up new sugar mills and extension to the existing ones in public and national interest. On June 23, a two-member bench led by Justice Ejaz Afzal Khan had reserved its judgement in re
Published 26 Jul, 2016 12:00am
ECP members: four names confirmed

ECP members: four names confirmed

The Parliamentary Committee on appointment of the Chief Election Commissioner and members of the Election Commission on Monday confirmed four names - three former judges and a former bureaucrat - for appointment as members of the Election Commission of Pa
Published 26 Jul, 2016 12:00am
ECP members: four names confirmed

ECP members: four names confirmed

The Parliamentary Committee on appointment of the Chief Election Commissioner and members of the Election Commission on Monday confirmed four names - three former judges and a former bureaucrat - for appointment as members of the Election Commission of Pa
Published 26 Jul, 2016 12:00am
Turkey detains 42 journalists

Turkey detains 42 journalists

Turkey ordered the detention of 42 journalists on Monday, broad caster NTV reported, under a crackdown following a failed coup that has targeted more than 60,000 people, drawing fire from the European Union. The arrests or suspensions of soldiers, police,
Published 26 Jul, 2016 12:00am
Turkey detains 42 journalists

Turkey detains 42 journalists

Turkey ordered the detention of 42 journalists on Monday, broad caster NTV reported, under a crackdown following a failed coup that has targeted more than 60,000 people, drawing fire from the European Union. The arrests or suspensions of soldiers, police,
Published 26 Jul, 2016 12:00am
Downtrend persists
Cotton

Downtrend persists

Pakistan Stock Exchange (PSX) Monday ended lower on institutional profit-taking. The benchmark KSE-100 index lost 134 points to close 39,017 points down from 39,151 points. Hammad Aman, Manager Equity Sales Topline Securities, said that declining internat
Published 26 Jul, 2016 12:00am
THE RUPEE: slight changes
Currency

THE RUPEE: slight changes

Marginal changes were seen on the money market on Monday as the rupee moved cautiously against the dollar in process of trading, dealers said. The rupee was almost unchanged versus the dollar for buying and selling at Rs 104.85 and Rs 104.87, dealers said
Published 26 Jul, 2016 12:00am
Downtrend persists
Cotton

Downtrend persists

Pakistan Stock Exchange (PSX) Monday ended lower on institutional profit-taking. The benchmark KSE-100 index lost 134 points to close 39,017 points down from 39,151 points. Hammad Aman, Manager Equity Sales Topline Securities, said that declining internat
Published 26 Jul, 2016 12:00am
THE RUPEE: slight changes
Currency

THE RUPEE: slight changes

Marginal changes were seen on the money market on Monday as the rupee moved cautiously against the dollar in process of trading, dealers said. The rupee was almost unchanged versus the dollar for buying and selling at Rs 104.85 and Rs 104.87, dealers said
Published 26 Jul, 2016 12:00am
Downtrend persists
Cotton

Downtrend persists

Pakistan Stock Exchange (PSX) Monday ended lower on institutional profit-taking. The benchmark KSE-100 index lost 134 points to close 39,017 points down from 39,151 points. Hammad Aman, Manager Equity Sales Topline Securities, said that declining internat
Published 26 Jul, 2016 12:00am
BRIndex30 sheds 154.03 points

BRIndex30 sheds 154.03 points

On Monday, BRIndex30 opened at 23,341.54. It touched an intraday high of 23,342.24 and an intraday Low of 23,160.07 and closed at 23,187.51 which was -154.03 points or -0.66 percent lower than previous close. Total volume was 90,067,900, which was 54.27 p
Published 26 Jul, 2016 12:00am
BRIndex30 sheds 154.03 points

BRIndex30 sheds 154.03 points

On Monday, BRIndex30 opened at 23,341.54. It touched an intraday high of 23,342.24 and an intraday Low of 23,160.07 and closed at 23,187.51 which was -154.03 points or -0.66 percent lower than previous close. Total volume was 90,067,900, which was 54.27 p
Published 26 Jul, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

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

Published 26 Jul, 2016 12:00am
Germany warns of anti-migrant backlash after week of bloodshed

Germany warns of anti-migrant backlash after week of bloodshed

Germany warned Monday of a potential backlash against migrants after a Syrian asylum seeker blew himself up outside a music festival, capping a week of attacks that has shaken the country. The 27-year-old attacker wounded more than a dozen people in the s
Published 26 Jul, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

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

Published 26 Jul, 2016 12:00am
Turkmen top officials get extended holiday amid economic woes
Currency

Turkmen top officials get extended holiday amid economic woes

Top officials in reclusive Turkmenistan have been rewarded for their work with extended state-funded holidays while the economy reels from depressed natural gas prices. Authorities in energy-dependent Turkmenistan, including paternalistic President Gurban
Published 26 Jul, 2016 12:00am
Pakistan, Egypt vow to synergise efforts to fight terrorism

Pakistan, Egypt vow to synergise efforts to fight terrorism

Chief of the Army Staff (CoAS) General Raheel Sharif arrived in Egyptian capital Cairo on a two day official visit, ISPR reported. The army chief was presented Guard of honour in Army HQ. General Raheel Sharif met Egyptian Chief of Staff and Defence Minis
Published 26 Jul, 2016 12:00am
IMF removes fiscal year 2016 growth projection from website

IMF removes fiscal year 2016 growth projection from website

The International Monetary Fund (IMF) has finally removed 2015-16 growth projections of 4.5 percent for Pakistan from its website, revised upward to 4.7 percent in the eleventh review uploaded on 5 July, after Business Recorder sent four questions
Published 26 Jul, 2016 12:00am
Rise in FDI

Rise in FDI

Foreign Direct Investment (FDI) received by the country during FY2015-16 would appear to be very encouraging in percentage terms. According to the latest data released by the State Bank on 20th July, 2016, it rose by as much as 39 percent during 2015-16 t
Published 26 Jul, 2016 12:00am
Candidate Trump

Candidate Trump

Donald Trump, America's blustering celebrity mogul has finally cinched the Republican Party nomination for president. His candidacy comes as a disappointment for his own party establishment, fellow Americans across the political spectrum as well as decent
Published 26 Jul, 2016 12:00am
Heading for a bottomless pit?

Heading for a bottomless pit?

PML-N's victory in Azad Kashmir was indeed overwhelming. But let us not forget that, historically, the party in power in Islamabad wins the elections in Azad Kashmir. Besides, for the past eight years, the outgoing PPP regime administered Azad Kashmir as
Published 26 Jul, 2016 12:00am
Socialism's revival

Socialism's revival

Mairaj Mohammad Khan's passing away this July 22, while undoubtedly the loss of a towering icon of the Left and a major figure in the struggles of the people for democracy and rights, also presents us with an opportunity to reassess his life and political
Published 26 Jul, 2016 12:00am
Turkish president gains upper hand in power struggle

Turkish president gains upper hand in power struggle

At the crossroads between a divided Europe and a convulsed Middle East, Turkey is caught in a power struggle between former Islamist allies which is shaking democratic institutions and raises questions about its future path. Since a failed coup on July 15
Published 26 Jul, 2016 12:00am
'The Musharraf saga'

'The Musharraf saga'

This is apropos a Business Recorder editorial "The Musharraf saga" carried by the newspaper on Saturday. It has argued, among other things, that "Should we be surprised at Musharraf's treason case ending up as a damp squib? After two and a half
Published 26 Jul, 2016 12:00am
Oil falls on oversupply, demand concerns; US crude hits three-month low

Oil falls on oversupply, demand concerns; US crude hits three-month low

Oil prices fell more than 2 percent on Monday, with US crude hitting a three-month low, on rising concerns that a global glut of crude and refined products would pressure markets, delaying a long-anticipated rebalance in the market. Data from market intel
Published 26 Jul, 2016 12:00am
Cotton falls for second straight session as weather concerns ease
Cotton

Cotton falls for second straight session as weather concerns ease

ICE cotton fell for the second straight session to the lowest in over a week on Monday, pressured by forecasts of favourable weather conditions for the natural fibre crop. "It looks like we will get some desperately needed rain," said Louis Barbera of ICA
Published 26 Jul, 2016 12:00am
MPCL grants Rs 62.7 million bonus to Sujawal, Badin dist governments

MPCL grants Rs 62.7 million bonus to Sujawal, Badin dist governments

Mari Petroleum Company Limited (MPCL) on Monday handed production bonus cheques of $600,000 or Rs 62.7 million to district governments of Sujawal and Badin. Lieutenant General Nadeem Ahmed, managing director of MPCL, said at a cheque distribution ceremony
Published 26 Jul, 2016 12:00am
Shamsheer-e-Bahr-VI gets under way

Shamsheer-e-Bahr-VI gets under way

Shamsheer-e-Bahr-VI, Pakistan Navy biennial war games gets underway after the opening session held at Karachi. General Rashad Mehmood Chairman Joint Chiefs of Staff Committee was the chief guest on the occasion. Chief of the Naval Staff, Admiral Muhammad
Published 26 Jul, 2016 12:00am
Sindh Chief ministership: I wasn't consulted by leadership: Khursheed

Sindh Chief ministership: I wasn't consulted by leadership: Khursheed

Leader of the Opposition in the National Assembly Syed Khursheed Ahmed Shah on Monday expressed his unawareness over the replacement of Chief Minister Sindh Syed Qaim Ali Shah and reshuffling of provincial Cabinet. While talking to media men, Opposition L
Published 26 Jul, 2016 12:00am
Three FCS men get bail in terror financing case

Three FCS men get bail in terror financing case

An anti-terrorism court (ATC) on Monday granted bails to three employees of Fisherman Co-operative Society (FCS) who we accused of running an organised extortion network and funding gangsters and separatist militants. Saeed Baloch, the general secretary o
Published 26 Jul, 2016 12:00am
More monsoon rains forecast

More monsoon rains forecast

The Met Office on Monday forecast more monsoon rains in the next three days from Tuesday through July 28 at a number of places across the country. It said that rain with thunderstorm and isolated heavy falls were expected at a number of places in Islamaba
Published 26 Jul, 2016 12:00am
Non-branding causes lower price of cotton in world market
Cotton

Non-branding causes lower price of cotton in world market

Despite better quality, Pakistan cotton is incapable of getting an attractive price in the world market mainly due to non-branding. Traders said that the quality of Pakistani cotton is much better than that producing in other countries; however non-brandi
Published 26 Jul, 2016 12:00am
PBIF chief says some FTAs proved counterproductive

PBIF chief says some FTAs proved counterproductive

President, Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain, has said that many free trade agreements have proved to be counterproductive and against the national interests but nobody was blamed and satisfactory steps were not taken
Published 26 Jul, 2016 12:00am
Senate body told Capital to have 3 more hospitals

Senate body told Capital to have 3 more hospitals

State Minister Tariq Fazal Chaudhry on Monday informed a parliamentary panel that three additional hospitals would be constructed in the metropolis to cater needs of patients of twin cities besides upgrading the services of the Poly Clinic Hospital and th
Published 26 Jul, 2016 12:00am
Appointments in ICT police: Senators underscore need for meritocracy

Appointments in ICT police: Senators underscore need for meritocracy

Senator Babar Awan of Pakistan People's Party (PPP) on Monday said that freeing the police from the clutches of politicians, and withdrawing them from the protocol duties of people at helm of affairs, their relatives, and friends are the only solutions to
Published 26 Jul, 2016 12:00am
Minister for coordinated efforts to curb terror financing

Minister for coordinated efforts to curb terror financing

Senator Ishaq Dar, Federal Minister for Finance, Monday asked for best possible coordination among all the relevant authorities to effectively combat financing of terrorism activities. Dar held a meeting with Ashraf Mehmood Wathra, Governor, State Bank of
Published 26 Jul, 2016 12:00am
ABAD chief too throws his weight behind Rangers

ABAD chief too throws his weight behind Rangers

Chairman Association of Builders and Developers of Pakistan (ABAD) and Vice President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Hanif Gohar expressing concerns over non-extension of powers of Rangers in Sindh has said that the rewar
Published 26 Jul, 2016 12:00am
Up-gradation: Railways directed to extend benefits to all guards

Up-gradation: Railways directed to extend benefits to all guards

The Lahore High Court here Monday directed Railways authorities to extend the benefits of up gradation to all the guards of the Railways within three months in line with the practice being adopted in the case of Special Ticket Examiners (STE) already gran
Published 26 Jul, 2016 12:00am
Speakers for addressing basic public issues in Hyderabad

Speakers for addressing basic public issues in Hyderabad

Hyderabad residents have expressed their serious concern over non-provision of municipal and other basic services to the people and demanded of immediate measures for resolving the issues affecting routine life of the city. Speakers of a conference, title
Published 26 Jul, 2016 12:00am
Plantation drive in DHA kicks off

Plantation drive in DHA kicks off

An extensive tree plantation campaign, 'Go Green DHA' initiated jointly by DHA Karachi and World Wide Fund for Nature (WWF) to add to the greenery of the area in a massive manner kicked off on Monday. Administrator DHA Brigadier Zubair Ahmed planted a sap
Published 26 Jul, 2016 12:00am