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Print - 2016-08-26
MQM chairman unseated in District West

MQM chairman unseated in District West

The result of District West was changed after municipal chairman Khawaja Ahmed of the Muttahida Quami Movement (MQM) was unseated here on Thursday. The returning officer ordered a scrutiny of election results after raising several objections. The results
Published 26 Aug, 2016 12:00am
PPP MPAs slam PTI for 'betraying' Karachi Ittehad

PPP MPAs slam PTI for 'betraying' Karachi Ittehad

Pakistan Peoples' Party (PPP) MPAs Sajid Jokhio, Jawaid Nagori and Shaheena Sher Ali have condemned PTI for betraying the Karachi Ittehad by covertly voting for candidates for Chairman and Vice Chairman for local government in district west. The PTI has d
Published 26 Aug, 2016 12:00am
NA body directs FGEHF to take action against encroachments

NA body directs FGEHF to take action against encroachments

National Assembly Standing Committee on Housing and Works has directed Federal Government Employees Housing Foundation (FGEHF) to take action against encroachments and non-conforming use of residential and commercial properties in sectors under its admini
Published 26 Aug, 2016 12:00am
Blue Veins holds capacity building workshop for lawyers

Blue Veins holds capacity building workshop for lawyers

Blue Veins in collaboration with District Bar Association under Gender Equity Programme (GEP) of Aurat Foundation supported by USAID has organized and conducted one day training for lawyer to build their capacity on pro-women legislation before and after
Published 26 Aug, 2016 12:00am
Women's only stitching line at Lahore shoe factory launched

Women's only stitching line at Lahore shoe factory launched

Footlib in collaboration with the Market Development Facility, which is Australia's flagship private sector development programme launched an innovative women's only stitching line at its Lahore shoe factory on Thursday. The Australian High Commissioner t
Published 26 Aug, 2016 12:00am
ADB gives loan to complete delayed schemes in southern Punjab, PA told

ADB gives loan to complete delayed schemes in southern Punjab, PA told

Provincial Minister Sher Ali speaking in Punjab Assembly here Thursday stated that the Asian Development Bank had given loan to complete the delayed schemes in Southern Punjab. He added that the loan will also help cover lapses in projects of TMAS. The mi
Published 26 Aug, 2016 12:00am
Auto industry'Inconsistent policies hampering foreign investment'

Auto industry'Inconsistent policies hampering foreign investment'

The auto industry has held the inconsistency of the government policies responsible for hampering foreign investment in the auto sector, Chief Operating Officer (COO) of a leading car manufacturing company told Business Recorder. Seeking anonymity,
Published 26 Aug, 2016 12:00am
KP Governor launches tree plantation campaign

KP Governor launches tree plantation campaign

Khyber Pakhtunkhwa Governor, Engineer Iqbal Zafar Jhagra launched tree plantation campaign in FATA by planting a sapling of Pine at Governor's House Peshawar on Thursday. Additional Chief Secretary, FATA, Fida Wazir, Chief Conservator FATA Sher Nawaz Khan
Published 26 Aug, 2016 12:00am
FTB mulling exempting textile industry from holidays

FTB mulling exempting textile industry from holidays

On the demand of leading textile industry associations, the Federal Textile Board (FTB) is considering exempting the export-oriented textile sector from the provincial/local holidays. They said the Board was planning to recommend to the provincial governm
Published 26 Aug, 2016 12:00am
52,000 health workers: Punjab government regularises services

52,000 health workers: Punjab government regularises services

The Punjab government has regularised services of 52,000 workers of the National Programme for Family Planning (Lady Health Workers Programme) including lady health workers, lady health supervisors, accounts supervisors and drivers with effect from July 2
Published 26 Aug, 2016 12:00am
HCCM USA to introduce education system in Tevta Institutes

HCCM USA to introduce education system in Tevta Institutes

Holyoke Community College Massachusetts USA will introduce its education system in Tevta Institutes for adults to train unemployed youth of Punjab as liable citizens. This decision was taken on Thursday during a meeting of Chairperson Technical Education
Published 26 Aug, 2016 12:00am
Minorities protest against Modi

Minorities protest against Modi

Members of the minority communities including Hindus, Sikhs and Christians protested against the Indian Prime Minister outside the Punjab Assembly for interfering in the internal affairs of Pakistan and committing atrocities on the Kashmiri people. The pr
Published 26 Aug, 2016 12:00am
Completion of projects in shortest time top priority: Wapda chief

Completion of projects in shortest time top priority: Wapda chief

Newly-appointed Water and Power Development Authority (Wapda) Chairman Lieutenant General Muzammil Hussain (R) said Thursday that completion of the under-construction hydropower projects in the shortest possible time would be his first priority. Also, he
Published 26 Aug, 2016 12:00am
Sindh CM announces Rs 10 billion plan to install 10,000 CCTV cameras

Sindh CM announces Rs 10 billion plan to install 10,000 CCTV cameras

Sindh Chief Minister Syed Murad Ali Shah said that he had approved a project to install 10000 surveillance cameras in the city in order to keep an eye on the city. Speaking at a hotel here on Thursday Shah said that Rs 10 billion would be disbursed on the
Published 26 Aug, 2016 12:00am
Sacrificial animals' market set up

Sacrificial animals' market set up

The administration of Sohrab Goth Maweshi Mandi (cattle market) is confident to provide hassle-free environment for the traders and buyers of sacrificial animals as the Asia's biggest makeshift cattle market was inaugurated by the Sindh minister for lives
Published 26 Aug, 2016 12:00am
FPCCI body calls for modernisation of agriculture sector
Cotton

FPCCI body calls for modernisation of agriculture sector

Chairman of Federation of Pakistan Chambers of Commerce and Industry (FPCCI)'s regional standing committee Ahmad Jawad said that the country urgently needed post-harvest technology for its agriculture sector because adequate application of recommended pos
Published 26 Aug, 2016 12:00am
FPCCI body calls for modernisation of agriculture sector
Cotton

FPCCI body calls for modernisation of agriculture sector

Chairman of Federation of Pakistan Chambers of Commerce and Industry (FPCCI)'s regional standing committee Ahmad Jawad said that the country urgently needed post-harvest technology for its agriculture sector because adequate application of recommended pos
Published 26 Aug, 2016 12:00am
M Ed, B Ed programmes: Scheme of studies discussed

M Ed, B Ed programmes: Scheme of studies discussed

The meeting of the Board of Studies of Science & Technical Education, Faculty of Education Elsa Kazi Campus, Hyderabad was held under the chairmanship of Dr Iftikhar Hussain Jaffri, Chairman, Department of Science & Technical Education. The meeting starte
Published 26 Aug, 2016 12:00am
Governing council of PBS: All provinces represented, Senate body told

Governing council of PBS: All provinces represented, Senate body told

Pakistan Bureau of Statistics (PBS) Thursday informed the Senate Standing Committee on Finance that all the provinces are represented in the Governing Council of PBS after the inclusion of members from Khyber Pakhtunkhawa and Balochistan. The meeting of t
Published 26 Aug, 2016 12:00am
Purchase of defence-related equipment: NA body summons joint meeting

Purchase of defence-related equipment: NA body summons joint meeting

National Assembly's Defence Production Committee has summoned a joint meeting for a discussion on obtaining an NOC from the Ministry of Defence Production before purchase of any defence/security-related equipment by the federal and provincial governments.
Published 26 Aug, 2016 12:00am
Certificates distributed under PM USDP

Certificates distributed under PM USDP

Under the Prime Minister's Youth Skills Development Program (USDP), the certificates were distributed among the girls participants of different Vocation Training Courses of 3rd phase.Chairperson Advisory Committee, MPA Madeha Rana and Director National Vo
Published 26 Aug, 2016 12:00am
Heavy downpour disrupts normal life in Lahore

Heavy downpour disrupts normal life in Lahore

The heavy downpour in the provincial capital caused flooding in the low-laying areas and disrupted normal life in the city, tripped 150 feeders of LESCO and caused traffic jams on the main arteries of road network and under-passes on Thursday. There was v
Published 26 Aug, 2016 12:00am
Supreme Court links credibility of next general election to fresh census

Supreme Court links credibility of next general election to fresh census

Undersco-ring the dire need for much-awaited census in the country, the Supreme Court Thursday asked the federation to fulfil its constitutional duty, failing which the court observed that forthcoming general elections would be fraudulent. Resuming the he
Published 26 Aug, 2016 12:00am
The Weather

The Weather

The weather report on Thursday (August 25, 2016) and the forecast for Friday (August 26, 2016).

Published 26 Aug, 2016 12:00am
HBL celebrates its 75th anniversary

HBL celebrates its 75th anniversary

HBL, Pakistan''s largest bank, launched its 75th anniversary celebrations, in a special ceremony held at the HBL Plaza in Karachi. The event was attended by Sultan Ali Allana (Chairman, HBL) along with the Bank''s senior management to celebrate HBL''s pas
Published 26 Aug, 2016 12:00am
Bullion Rates

Bullion Rates

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

Published 26 Aug, 2016 12:00am
HBL celebrates its 75th anniversary

HBL celebrates its 75th anniversary

HBL, Pakistan's largest bank, launched its 75th anniversary celebrations, in a special ceremony held at the HBL Plaza in Karachi. The event was attended by Sultan Ali Allana (Chairman, HBL) along with the Bank's senior management to celebrate HBL's past a
Published 26 Aug, 2016 12:00am
Bullion Rates

Bullion Rates

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

Published 26 Aug, 2016 12:00am
HBL celebrates its 75th anniversary

HBL celebrates its 75th anniversary

HBL, Pakistan's largest bank, launched its 75th anniversary celebrations, in a special ceremony held at the HBL Plaza in Karachi. The event was attended by Sultan Ali Allana (Chairman, HBL) along with the Bank's senior management to celebrate HBL's past a
Published 26 Aug, 2016 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 26 Aug, 2016 12:00am
''CPEC to make Pakistan regional manufacturing hub''

''CPEC to make Pakistan regional manufacturing hub''

Prime Minister Muhammad Nawaz Sharif on Thursday said China Pakistan Economic Corridor (CPEC) will make Pakistan a regional manufacturing hub and very attractive market for Foreign Direct Investment (FDI) as it comprised major infrastructure, energy and c
Published 26 Aug, 2016 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 26 Aug, 2016 12:00am
'CPEC to make Pakistan regional manufacturing hub'

'CPEC to make Pakistan regional manufacturing hub'

Prime Minister Muhammad Nawaz Sharif on Thursday said China Pakistan Economic Corridor (CPEC) will make Pakistan a regional manufacturing hub and very attractive market for Foreign Direct Investment (FDI) as it comprised major infrastructure, energy and c
Published 26 Aug, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

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

Published 26 Aug, 2016 12:00am
'CPEC to make Pakistan regional manufacturing hub'

'CPEC to make Pakistan regional manufacturing hub'

Prime Minister Muhammad Nawaz Sharif on Thursday said China Pakistan Economic Corridor (CPEC) will make Pakistan a regional manufacturing hub and very attractive market for Foreign Direct Investment (FDI) as it comprised major infrastructure, energy and c
Published 26 Aug, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (August 25, 2016)

Published 26 Aug, 2016 12:00am
Olson, General John meet CoAS

Olson, General John meet CoAS

Ambassador Richard Olson, Special Representative in Afghanistan and Pakistan (SRAP) and General John Nicholson, Commander Resolute Support Mission in Afghanistan along with their delegation called on Chief of Army Staff General Raheel Sharif today. During
Published 26 Aug, 2016 12:00am
Olson, General John meet CoAS

Olson, General John meet CoAS

Ambassador Richard Olson, Special Representative in Afghanistan and Pakistan (SRAP) and General John Nicholson, Commander Resolute Support Mission in Afghanistan along with their delegation called on Chief of Army Staff General Raheel Sharif today. During
Published 26 Aug, 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 Thursday (August 25, 2016).

Published 26 Aug, 2016 12:00am
UAE firm inks Rs 153 million acquisition deal with IFSC

UAE firm inks Rs 153 million acquisition deal with IFSC

The UAE-based EFG Hermes Frontier Holdings LLC has acquired majority shares of Invest and Finance Securities Limited (IFSC) at more than Rs 153.119 million, said a stock filing Thursday. The transaction, according to IFSC''''s company secretary Muhammad A
Published 26 Aug, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

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

Published 26 Aug, 2016 12:00am
UAE firm inks Rs 153 million acquisition deal with IFSC

UAE firm inks Rs 153 million acquisition deal with IFSC

The UAE-based EFG Hermes Frontier Holdings LLC has acquired majority shares of Invest and Finance Securities Limited (IFSC) at more than Rs 153.119 million, said a stock filing Thursday. The transaction, according to IFSC''s company secretary Muhammad Awa
Published 26 Aug, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

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

Published 26 Aug, 2016 12:00am
UAE firm inks Rs 153 million acquisition deal with IFSC

UAE firm inks Rs 153 million acquisition deal with IFSC

The UAE-based EFG Hermes Frontier Holdings LLC has acquired majority shares of Invest and Finance Securities Limited (IFSC) at more than Rs 153.119 million, said a stock filing Thursday. The transaction, according to IFSC's company secretary Muhammad Awai
Published 26 Aug, 2016 12:00am
UAE firm inks Rs 153 million acquisition deal with IFSC

UAE firm inks Rs 153 million acquisition deal with IFSC

The UAE-based EFG Hermes Frontier Holdings LLC has acquired majority shares of Invest and Finance Securities Limited (IFSC) at more than Rs 153.119 million, said a stock filing Thursday. The transaction, according to IFSC's company secretary Muhammad Awai
Published 26 Aug, 2016 12:00am
Ghani speaks to Raheel

Ghani speaks to Raheel

Afghan President Ashraf Ghani telephoned Army chief General Raheel Sharif and urged him to take "serious and practical" measures against terrorists, according to a statement released on Thursday, a day after attack on American University in Kabul. Pakista
Published 26 Aug, 2016 12:00am
THE RUPEE: stable trend
Currency

THE RUPEE: stable trend

Firmness prevailed on the money market on Thursday as the rupee did not fluctuate sharply against the dollar in process of trading, dealers said. The rupee held the overnight levels against the dollar for buying and selling at Rs 104.79 and 104.80 respect
Published 26 Aug, 2016 12:00am
Ghani speaks to Raheel

Ghani speaks to Raheel

Afghan President Ashraf Ghani telephoned Army chief General Raheel Sharif and urged him to take "serious and practical" measures against terrorists, according to a statement released on Thursday, a day after attack on American University in Kabul. Pakista
Published 26 Aug, 2016 12:00am
THE RUPEE: stable trend
Currency

THE RUPEE: stable trend

Firmness prevailed on the money market on Thursday as the rupee did not fluctuate sharply against the dollar in process of trading, dealers said. The rupee held the overnight levels against the dollar for buying and selling at Rs 104.79 and 104.80 respect
Published 26 Aug, 2016 12:00am
Italy quake death toll nears 250

Italy quake death toll nears 250

The death toll from a powerful earthquake in central Italy rose to 247 on Thursday amid fears many more corpses remain buried in the rubble of devastated mountain villages. As rescuers sifted through collapsed masonry in the search for survivors, question
Published 26 Aug, 2016 12:00am
Italy quake death toll nears 250

Italy quake death toll nears 250

The death toll from a powerful earthquake in central Italy rose to 247 on Thursday amid fears many more corpses remain buried in the rubble of devastated mountain villages. As rescuers sifted through collapsed masonry in the search for survivors, question
Published 26 Aug, 2016 12:00am
Anti-money laundering cell set up at DG I & I Headquarters

Anti-money laundering cell set up at DG I & I Headquarters

In a major move to carry out investigations related to Anti-Money Laundering Cases under Anti-Money Laundering Act, 2010, a dedicated Anti-Money Laundering Cell has been set up at the Directorate General Intelligence & Investigation Headquarters, Federal
Published 26 Aug, 2016 12:00am
Anti-money laundering cell set up at DG I & I Headquarters

Anti-money laundering cell set up at DG I & I Headquarters

In a major move to carry out investigations related to Anti-Money Laundering Cases under Anti-Money Laundering Act, 2010, a dedicated Anti-Money Laundering Cell has been set up at the Directorate General Intelligence & Investigation Headquarters, Federal
Published 26 Aug, 2016 12:00am
Anti-money laundering cell set up at DG I & I Headquarters

Anti-money laundering cell set up at DG I & I Headquarters

In a major move to carry out investigations related to Anti-Money Laundering Cases under Anti-Money Laundering Act, 2010, a dedicated Anti-Money Laundering Cell has been set up at the Directorate General Intelligence & Investigation Headquarters, Federal
Published 26 Aug, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (August 25, 2016).

Published 26 Aug, 2016 12:00am
South China Sea dispute: Pakistan supports China's stance: Aziz

South China Sea dispute: Pakistan supports China's stance: Aziz

Pakistan unambiguously supports China's stance in relation to the South China Sea dispute. This was stated by Adviser to Prime Minister Sartaj Aziz at a joint sitting of Senate Standing Committees on Defence and Foreign Affairs, presided over by Senators
Published 26 Aug, 2016 12:00am
South China Sea dispute: Pakistan supports China's stance: Aziz

South China Sea dispute: Pakistan supports China's stance: Aziz

Pakistan unambiguously supports China's stance in relation to the South China Sea dispute. This was stated by Adviser to Prime Minister Sartaj Aziz at a joint sitting of Senate Standing Committees on Defence and Foreign Affairs, presided over by Senators
Published 26 Aug, 2016 12:00am
Assange warns of forthcoming 'significant' Clinton leaks

Assange warns of forthcoming 'significant' Clinton leaks

WikiLeaks founder Julian Assange has warned that his anti-secrecy campaign will release new documents concerning Democratic presidential candidate Hillary Clinton, which could be "significant" for the election. Speaking to Fox News on Wednesday, Assange,
Published 26 Aug, 2016 12:00am
Greece must shield refugees from winter, crime: UN

Greece must shield refugees from winter, crime: UN

Greece must step up efforts to protect thousands of refugees and migrants from the coming winter and boost security in its camps, the UN's top refugee official said Thursday. "With the arrival of winter, there are still many thousands of people living in
Published 26 Aug, 2016 12:00am
China, HK trade gap jumps to record
Currency

China, HK trade gap jumps to record

The gap between China's imports from Hong Kong and the city's exports to the mainland jumped to its biggest on record in July, a sign that capital outflow pressures are mounting. While Hong Kong's statistics showed exports to China fell 6.2 percent in Jul
Published 26 Aug, 2016 12:00am
IPPs not liable to audit performance?

IPPs not liable to audit performance?

Independent Power Producers (IPPs) on Thursday claimed that they are not liable to performance audit under the agreements signed with the Government of Pakistan (GoP) as the tariff was granted for 25 years. The IPPs took this stance at a time when the Min
Published 26 Aug, 2016 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 26 Aug, 2016 12:00am
IPPs not liable to audit performance?

IPPs not liable to audit performance?

Independent Power Producers (IPPs) on Thursday claimed that they are not liable to performance audit under the agreements signed with the Government of Pakistan (GoP) as the tariff was granted for 25 years. The IPPs took this stance at a time when the Min
Published 26 Aug, 2016 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 26 Aug, 2016 12:00am
IPPs not liable to audit performance?

IPPs not liable to audit performance?

Independent Power Producers (IPPs) on Thursday claimed that they are not liable to performance audit under the agreements signed with the Government of Pakistan (GoP) as the tariff was granted for 25 years. The IPPs took this stance at a time when the Min
Published 26 Aug, 2016 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 26 Aug, 2016 12:00am
Dar orders inquiry into urea glut

Dar orders inquiry into urea glut

Finance Minister, Senator Ishaq Dar has ordered an inquiry against those who imported urea in huge quantities creating a glut of this commodity across the country soon after its import, sources close to Secretary Industries told Business Recorder.
Published 26 Aug, 2016 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 26 Aug, 2016 12:00am
Dar orders inquiry into urea glut

Dar orders inquiry into urea glut

Finance Minister, Senator Ishaq Dar has ordered an inquiry against those who imported urea in huge quantities creating a glut of this commodity across the country soon after its import, sources close to Secretary Industries told Business Recorder.
Published 26 Aug, 2016 12:00am
Dar orders inquiry into urea glut

Dar orders inquiry into urea glut

Finance Minister, Senator Ishaq Dar has ordered an inquiry against those who imported urea in huge quantities creating a glut of this commodity across the country soon after its import, sources close to Secretary Industries told Business Recorder.
Published 26 Aug, 2016 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 26 Aug, 2016 12:00am
BRIndex30 up 291 points

BRIndex30 up 291 points

On Thursday, BRIndex30 opened at 23,025.30 points. It touched an intraday high of 23,354.64 points and an intraday low of 23,021.41 points and closed at 23,316.30 points which was 291 points or 1.26 percent higher than previous close. Total volume was 151
Published 26 Aug, 2016 12:00am
BRIndex30 up 291 points

BRIndex30 up 291 points

On Thursday, BRIndex30 opened at 23,025.30 points. It touched an intraday high of 23,354.64 points and an intraday low of 23,021.41 points and closed at 23,316.30 points which was 291 points or 1.26 percent higher than previous close. Total volume was 151
Published 26 Aug, 2016 12:00am
Bulls take control

Bulls take control

Equities ended on a positive note Thursday with the KSE-100 index gaining another 285 points or 0.72 percent to close at 39,792 points. Volatile, the benchmark index moved both ways to hit the intraday high and low of 39,866 and 39,503 points, respectivel
Published 26 Aug, 2016 12:00am
Bulls take control

Bulls take control

Equities ended on a positive note Thursday with the KSE-100 index gaining another 285 points or 0.72 percent to close at 39,792 points. Volatile, the benchmark index moved both ways to hit the intraday high and low of 39,866 and 39,503 points, respectivel
Published 26 Aug, 2016 12:00am
Bulls take control

Bulls take control

Equities ended on a positive note Thursday with the KSE-100 index gaining another 285 points or 0.72 percent to close at 39,792 points. Volatile, the benchmark index moved both ways to hit the intraday high and low of 39,866 and 39,503 points, respectivel
Published 26 Aug, 2016 12:00am
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