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Print - 2016-09-20
Bilawal condoles with family of deceased officials

Bilawal condoles with family of deceased officials

Bilawal Bhutto upon reaching Shikarpur from Sukkar condoled with the family of police officials who were martyred in suicide blast. He hailed the bravery of police officials who managed to seize the suicide bombers and also distributed cheques and honorar
Published 20 Sep, 2016 12:00am
Roads leading to major hospitals of city damaged, bumpy

Roads leading to major hospitals of city damaged, bumpy

Damage and bumpy roads leading to major hospitals of city, including Dow Medical Institute, Memon Hospital, and Kiran Hospital create serious inconvenience to thousands of visiting patients. A major portion of University Road from Karachi University Staff
Published 20 Sep, 2016 12:00am
Government must not stop PTI from carrying out march: Gilani

Government must not stop PTI from carrying out march: Gilani

Pakistan Peoples Party (PPP) senior leader Syed Yousuf Raza Gilani said on Monday that the government must not stop Pakistan Tehreek-i-Insaf (PTI) from protesting because it has every right to do that. Speaking to media representatives, Gilani pinned hope
Published 20 Sep, 2016 12:00am
EU envoy, CoAS discuss regional security

EU envoy, CoAS discuss regional security

Franz-Michael Skjold Mellbin, European Union Special Representative for Afghanistan called on General Raheel Sharif, Chief of Army staff at General Headquarters (GHQ) on Monday. Matters of regional security and mutual interest came under discussion during
Published 20 Sep, 2016 12:00am
Ministry optimistic about smooth gas supply in winter

Ministry optimistic about smooth gas supply in winter

The Ministry of Petroleum and Natural Resources is confident that there would be improved supply of natural gas to consumers in the upcoming winter season after import of LNG. "The gas situation is improving gradually especially after arrival of imported
Published 20 Sep, 2016 12:00am
Raiwind march: PTI begins preparations

Raiwind march: PTI begins preparations

Pakistan Tehreek-e-Insaf (PTI) supporters from across the country have begun preparations for one-day rally on September 30, announced by the party chairman Imran Khan, a show of people power to pressurise the government to hold an impartial inquiry into
Published 20 Sep, 2016 12:00am
Congo virus claims another life in Karachi

Congo virus claims another life in Karachi

Another patient of Congo virus died in Karachi on Monday, taking the death toll to seven. As per details, Siddique, 51, a resident of Bhittaiabad area of Karachi was brought to a hospital where his blood sample was sent to the laboratory for examination.
Published 20 Sep, 2016 12:00am
Tareen reassures PTI workers ahead of Raiwind march

Tareen reassures PTI workers ahead of Raiwind march

With eyes set on staging a massive protest on September 30, Pakistan Tehreek-e-Insaf (PTI) is putting together its muscle as central leader Jahangir Tareen Khan met disgruntled youths and assured to remove their reservations. Former Secretary General of Y
Published 20 Sep, 2016 12:00am
India resorts to anti-Pakistan propaganda after Baramulla attack

India resorts to anti-Pakistan propaganda after Baramulla attack

India, habitual of wrongly alleging Pakistan of every terror attack on its soil, has revisited its pigheaded attitude with the latest attack on Sunday on Brigade Headquarters in Uri Town of Baramulla district of Occupied -Kashmir. The timing of the occurr
Published 20 Sep, 2016 12:00am
Civil-military relationship very fragile: Babar

Civil-military relationship very fragile: Babar

"Civil-Military relationship is very fragile, at the moment and we are not on the same page," Senator Farahatullah Babar said. Speaking at the seminar titled "Civil Military Relations: Challenges and Way Forward," organized by Sustainable Development Poli
Published 20 Sep, 2016 12:00am
Pakistan emerging as fastest growing economy in Asia: Prime Minister

Pakistan emerging as fastest growing economy in Asia: Prime Minister

Prime Minister Nawaz Sharif says today's Pakistan is far better than the Pakistan of 2013 due to policies and measures taken by the present government. Interacting with members of Pakistani community in New York, he said Pakistan is viewed as politically
Published 20 Sep, 2016 12:00am
Pakistan emerging as fastest growing economy in Asia: Prime Minister

Pakistan emerging as fastest growing economy in Asia: Prime Minister

Prime Minister Nawaz Sharif says today's Pakistan is far better than the Pakistan of 2013 due to policies and measures taken by the present government. Interacting with members of Pakistani community in New York, he said Pakistan is viewed as politically
Published 20 Sep, 2016 12:00am
PSP camp office set ablaze

PSP camp office set ablaze

Unknown men set ablaze Paksarzameen Party banners at Gulistan-e-Johar Area, early Monday morning. The Party chairman Mustafa Kamal had hoisted the Pakistan flag at Perfume Chowk roundabout last month. Later workers had put up party banners at the roundabo
Published 20 Sep, 2016 12:00am
KATI polls: eight candidates elected unopposed

KATI polls: eight candidates elected unopposed

All the eight candidates have been elected unopposed as executive committee members of Korangi Association of Trade and Industry (KATI) for the term 2016-17. The elected members of the executive committee included Masood Naqi, Muhammad Salman, Gohar Naeem
Published 20 Sep, 2016 12:00am
The Weather

The Weather

The weather report on Monday (September 19, 2016) and the forecast for Tuesday (September 20, 2016).

Published 20 Sep, 2016 12:00am
The unemployment challenge

The unemployment challenge

This is apropos a Business Recorder op-ed "Budgetary outcome in 2015-16" by Dr Hafiz A Pasha. The writer seems to have summarised or explained in a nutshell the economic landscape of the country in the beginning of his write-up.
Published 20 Sep, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (September 19, 2016).

Published 20 Sep, 2016 12:00am
Tunisia water shortages spark 'thirst uprising' warning

Tunisia water shortages spark 'thirst uprising' warning

Activists are warning of a potential "thirst uprising" in Tunisia following protests over severe water shortages after one of the North African nation's driest summers on record. Residents in the interior are suffering long water supply cuts, reservoirs a
Published 20 Sep, 2016 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 20 Sep, 2016 12:00am
The sovereign wealth fund

The sovereign wealth fund

The sovereign wealth funds are the national investments many countries have made for their future generations. Some of these funds are huge, as seen by the figures presented in the next paragraph. The sovereign wealth funds have huge clout internationally
Published 20 Sep, 2016 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 20 Sep, 2016 12:00am
Task before the UN General Assembly

Task before the UN General Assembly

For seventy three days, Indian Army has been attacking and killing helpless and unarmed Kashmiris in Indian occupied Kashmir. After Pakistan's Prime Minister decided to highlight these atrocities in the UN General Assembly, the attack on an Indian army ba
Published 20 Sep, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (September 19, 2016).

Published 20 Sep, 2016 12:00am
Politics over law enforcement?

Politics over law enforcement?

During the ongoing law and order operations in Karachi, some prominent political personalities have been arrested before, but what happened on Friday was extraordinary both for the manner in which MQM Leader of the Opposition in the Sindh Assembly, Khawaj
Published 20 Sep, 2016 12:00am
Performance of the banking sector

Performance of the banking sector

According to the latest Quarterly Performance Review (QPR) of the banking sector released by the State Bank, asset base of the banking sector registered a significant growth of 7.7 percent during April-June, 2016. Of this, private sector advances grew by
Published 20 Sep, 2016 12:00am
Cotton jumps on crop concerns in India, China
Cotton

Cotton jumps on crop concerns in India, China

Cotton futures rose nearly two percent on Monday, marking their biggest one-day percentage gain in two weeks, as concerns that rain may hurt the new crop prompted buying in India and China. Prices for pipeline stocks in India and China have risen due to r
Published 20 Sep, 2016 12:00am
Oil up but off highs on output freeze talk, gasoline tumbles

Oil up but off highs on output freeze talk, gasoline tumbles

Oil rallied on Monday before settling off its highs on skepticism over Venezuela's bid to talk up a potential Opec output freeze and on indications US crude stockpiles had risen last week. Clashes in Libya that foiled a restart of crude exports from key p
Published 20 Sep, 2016 12:00am
Corn down, soyabeans up

Corn down, soyabeans up

A turn to drier harvest weather in much of the US Midwest weighed on corn prices on Monday, while soyabeans rose for a third straight session. Chicago wheat gained modestly, held in check by corn's slide and an ongoing disruption in Egyptian wheat imports
Published 20 Sep, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (September 19, 2016)

Published 20 Sep, 2016 12:00am
US MIDDAY: gold surges
Currency

US MIDDAY: gold surges

Gold prices rose on Monday as the dollar slipped but gains were capped by jitters ahead of a Federal Reserve monetary policy meeting and a rise in US government bond yields. Spot gold was up 0.3 percent at $1,313.39 an ounce by 3:32 p.m. EDT (1932 GMT), c
Published 20 Sep, 2016 12:00am
Google faces $400 million bill as Indonesia starts tax probe

Google faces $400 million bill as Indonesia starts tax probe

Google faces a bill of over $400 million in Indonesia if authorities find it avoided taxes last year, an official said Monday, as Jakarta began a probe into the US tech giant. Indonesia last week announced it was launching an investigation into Google, al
Published 20 Sep, 2016 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (September 19, 2016).

Published 20 Sep, 2016 12:00am
Google faces $400 million bill as Indonesia starts tax probe

Google faces $400 million bill as Indonesia starts tax probe

Google faces a bill of over $400 million in Indonesia if authorities find it avoided taxes last year, an official said Monday, as Jakarta began a probe into the US tech giant. Indonesia last week announced it was launching an investigation into Google, al
Published 20 Sep, 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 Monday (September 19, 2016).

Published 20 Sep, 2016 12:00am
Google faces $400 million bill as Indonesia starts tax probe

Google faces $400 million bill as Indonesia starts tax probe

Google faces a bill of over $400 million in Indonesia if authorities find it avoided taxes last year, an official said Monday, as Jakarta began a probe into the US tech giant. Indonesia last week announced it was launching an investigation into Google, al
Published 20 Sep, 2016 12:00am
Google faces $400 million bill as Indonesia starts tax probe

Google faces $400 million bill as Indonesia starts tax probe

Google faces a bill of over $400 million in Indonesia if authorities find it avoided taxes last year, an official said Monday, as Jakarta began a probe into the US tech giant. Indonesia last week announced it was launching an investigation into Google, al
Published 20 Sep, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (September 19, 2016).

Published 20 Sep, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (September 19, 2016).

Published 20 Sep, 2016 12:00am
Port of Melbourne sold for $7.3 billion

Port of Melbourne sold for $7.3 billion

An Australian-led consortium with Chinese investment won a 50-year-lease Monday on the nation''s biggest container and cargo port for Aus$9.7 billion (US $7.3 billion), the latest maritime asset to be privatised. The Port of Melbourne, which deals with mo
Published 20 Sep, 2016 12:00am
Port of Melbourne sold for $7.3 billion

Port of Melbourne sold for $7.3 billion

An Australian-led consortium with Chinese investment won a 50-year-lease Monday on the nation's biggest container and cargo port for Aus$9.7 billion (US $7.3 billion), the latest maritime asset to be privatised. The Port of Melbourne, which deals with mor
Published 20 Sep, 2016 12:00am
THE RUPEE: steadier trend
Currency

THE RUPEE: steadier trend

Firmness prevailed on the local money on Monday as the rupee was almost unchanged against the dollar in the process of trading, dealers said. The rupee gained one paisa versus the dollar for buying and selling at Rs 104.60 and 104.62 respectively, dealer
Published 20 Sep, 2016 12:00am
Port of Melbourne sold for $7.3 billion

Port of Melbourne sold for $7.3 billion

An Australian-led consortium with Chinese investment won a 50-year-lease Monday on the nation's biggest container and cargo port for Aus$9.7 billion (US $7.3 billion), the latest maritime asset to be privatised. The Port of Melbourne, which deals with mor
Published 20 Sep, 2016 12:00am
THE RUPEE: steadier trend
Currency

THE RUPEE: steadier trend

Firmness prevailed on the local money on Monday as the rupee was almost unchanged against the dollar in the process of trading, dealers said. The rupee gained one paisa versus the dollar for buying and selling at Rs 104.60 and 104.62 respectively, dealer
Published 20 Sep, 2016 12:00am
New York bombing suspect captured in police shootout

New York bombing suspect captured in police shootout

An "armed and dangerous" Afghan-born suspect wanted in the weekend bomb attacks in New York and New Jersey was wounded Monday in a shootout with police and taken into custody. The Saturday attacks and a separate stabbing carried out by a Somali-American w
Published 20 Sep, 2016 12:00am
New York bombing suspect captured in police shootout

New York bombing suspect captured in police shootout

An "armed and dangerous" Afghan-born suspect wanted in the weekend bomb attacks in New York and New Jersey was wounded Monday in a shootout with police and taken into custody. The Saturday attacks and a separate stabbing carried out by a Somali-American w
Published 20 Sep, 2016 12:00am
Twitter eases 140-character limit on tweets

Twitter eases 140-character limit on tweets

Twitter announced Monday it was easing its 140-character limit on tweets, implementing a policy announced in May to no longer factor certain add-ons including pictures into a message''s length. "Say more about what''s happening! Rolling out now: photos, v
Published 20 Sep, 2016 12:00am
Twitter eases 140-character limit on tweets

Twitter eases 140-character limit on tweets

Twitter announced Monday it was easing its 140-character limit on tweets, implementing a policy announced in May to no longer factor certain add-ons including pictures into a message's length. "Say more about what's happening! Rolling out now: photos, vid
Published 20 Sep, 2016 12:00am
Twitter eases 140-character limit on tweets

Twitter eases 140-character limit on tweets

Twitter announced Monday it was easing its 140-character limit on tweets, implementing a policy announced in May to no longer factor certain add-ons including pictures into a message's length. "Say more about what's happening! Rolling out now: photos, vid
Published 20 Sep, 2016 12:00am
Bombs rain down as Syria declares truce over

Bombs rain down as Syria declares truce over

Shells and bombs rained down on rebel-held eastern Aleppo on Monday less than two hours after Syria's army declared an end to a week-long cease-fire agreed between Russia and the US. Damascus and its ally Moscow blamed rebels for the failure of the truce,
Published 20 Sep, 2016 12:00am
Bombs rain down as Syria declares truce over

Bombs rain down as Syria declares truce over

Shells and bombs rained down on rebel-held eastern Aleppo on Monday less than two hours after Syria's army declared an end to a week-long cease-fire agreed between Russia and the US. Damascus and its ally Moscow blamed rebels for the failure of the truce,
Published 20 Sep, 2016 12:00am
Tax convention with OECD to take effect from fiscal year 2018

Tax convention with OECD to take effect from fiscal year 2018

The Multilateral Convention on Mutual Administrative Assistance in Tax Matters, signed by Finance Minister Ishaq Dar on 14 September 2016 in Paris, is likely to be effective from 2017-18. Sources told Business Recorder that Finance Ministry informe
Published 20 Sep, 2016 12:00am
Tax convention with OECD to take effect from fiscal year 2018

Tax convention with OECD to take effect from fiscal year 2018

The Multilateral Convention on Mutual Administrative Assistance in Tax Matters, signed by Finance Minister Ishaq Dar on 14 September 2016 in Paris, is likely to be effective from 2017-18. Sources told Business Recorder that Finance Ministry informe
Published 20 Sep, 2016 12:00am
BOARD MEETINGS
Cotton

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 20 Sep, 2016 12:00am
Tax convention with OECD to take effect from fiscal year 2018

Tax convention with OECD to take effect from fiscal year 2018

The Multilateral Convention on Mutual Administrative Assistance in Tax Matters, signed by Finance Minister Ishaq Dar on 14 September 2016 in Paris, is likely to be effective from 2017-18. Sources told Business Recorder that Finance Ministry informe
Published 20 Sep, 2016 12:00am
Board meetings in progress

Board meetings in progress

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

Published 20 Sep, 2016 12:00am
Drug-resistant infections could spark financial crisis: study

Drug-resistant infections could spark financial crisis: study

The spread of superbugs that are resistant to all known drug treatments could spark a global financial crisis on the level of the 2008 meltdown or worse, a World Bank-led study warned on Monday. Antimicrobial resistance is on the rise, and in the future,
Published 20 Sep, 2016 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 20 Sep, 2016 12:00am
Drug-resistant infections could spark financial crisis: study

Drug-resistant infections could spark financial crisis: study

The spread of superbugs that are resistant to all known drug treatments could spark a global financial crisis on the level of the 2008 meltdown or worse, a World Bank-led study warned on Monday. Antimicrobial resistance is on the rise, and in the future,
Published 20 Sep, 2016 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 20 Sep, 2016 12:00am
Drug-resistant infections could spark financial crisis: study

Drug-resistant infections could spark financial crisis: study

The spread of superbugs that are resistant to all known drug treatments could spark a global financial crisis on the level of the 2008 meltdown or worse, a World Bank-led study warned on Monday. Antimicrobial resistance is on the rise, and in the future,
Published 20 Sep, 2016 12:00am
Saudi hospital staff strike over unpaid wages

Saudi hospital staff strike over unpaid wages

Staff at a hospital in eastern Saudi Arabia have gone on strike over unpaid wages, workers said Monday, in the kingdom's latest case of corporate financial difficulties. "We are on strike," a nurse at Saad Specialist Hospital in the Gulf coast city of Al-
Published 20 Sep, 2016 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 20 Sep, 2016 12:00am
Saudi hospital staff strike over unpaid wages

Saudi hospital staff strike over unpaid wages

Staff at a hospital in eastern Saudi Arabia have gone on strike over unpaid wages, workers said Monday, in the kingdom's latest case of corporate financial difficulties. "We are on strike," a nurse at Saad Specialist Hospital in the Gulf coast city of Al-
Published 20 Sep, 2016 12:00am
Religious, political parties: CJ for elimination of miscreants

Religious, political parties: CJ for elimination of miscreants

While marking the advent of new judicial year on Monday, Chief Justice of Pakistan Anwar Zaheer Jamali expressed concern over the present spate of terrorism in the country saying unfortunately local elements of some political parties provide cushion to fo
Published 20 Sep, 2016 12:00am
Religious, political parties: CJ for elimination of miscreants

Religious, political parties: CJ for elimination of miscreants

While marking the advent of new judicial year on Monday, Chief Justice of Pakistan Anwar Zaheer Jamali expressed concern over the present spate of terrorism in the country saying unfortunately local elements of some political parties provide cushion to fo
Published 20 Sep, 2016 12:00am
Modi thrashes out response to deadly IHK raid

Modi thrashes out response to deadly IHK raid

India's prime minister on Monday summoned top security advisers to thrash out a response to a deadly raid on a held Kashmir army base blamed on militants from Pakistan, amid calls for tough action against the nuclear-armed nation. Narendra Modi has vowed
Published 20 Sep, 2016 12:00am
Modi thrashes out response to deadly IHK raid

Modi thrashes out response to deadly IHK raid

India's prime minister on Monday summoned top security advisers to thrash out a response to a deadly raid on a held Kashmir army base blamed on militants from Pakistan, amid calls for tough action against the nuclear-armed nation. Narendra Modi has vowed
Published 20 Sep, 2016 12:00am
India's allegations rejected

India's allegations rejected

Pakistan on Monday categorically rejected the Indian allegations related to Uri attack as baseless and irresponsible and described these as a blatant attempt to deflect attention from situation in the Jammu and Kashmir (IHK). "Pakistan has noted with seri
Published 20 Sep, 2016 12:00am
India's allegations rejected

India's allegations rejected

Pakistan on Monday categorically rejected the Indian allegations related to Uri attack as baseless and irresponsible and described these as a blatant attempt to deflect attention from situation in the Jammu and Kashmir (IHK). "Pakistan has noted with seri
Published 20 Sep, 2016 12:00am
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