News Archives for Print - 2016-10-21 - Business Recorder

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Print - 2016-10-21

Thursday's early afternoon trade: AmEx leads recovery, tech stocks weigh on Nasdaq

Thursday's early afternoon trade: AmEx leads recovery, tech stocks weigh on Nasdaq

Wall Street recovered sharply to trade flat on Thursday as a rally in American Express and health stocks helped counter a drop in Verizon and technology stocks. AmEx soared 9.7 percent, on track for its best day in more than seven years, after its strong

Published 21 Oct, 2016 12:00am

Oil, earnings lift Wall Street but Intel drags

Oil, earnings lift Wall Street but Intel drags

US stocks notched a second straight day of gains on Wednesday, as climbing oil prices lifted the energy sector and earnings from Morgan Stanley provided a boost to financials. Brent crude settled up 1.9 percent and US crude settled up 2.6 percent after to

Published 21 Oct, 2016 12:00am

Hong Kong stocks inch up

Hong Kong stocks inch up

Hong Kong shares closed up on Thursday, led by a jump in energy shares as China raised retail prices of gasoline. The Hang Seng index rose 0.3 percent, to 23,374.40, while the China Enterprises Index gained 0.5 percent, to 9,686.38 points. Most sectors we

Published 21 Oct, 2016 12:00am

Treasury yields little changed

Treasury yields little changed

US Treasury yields were little changed on Wednesday as dealers bought and sold government bonds to hedge securities they underwrote, which was led by Saudi Arabia's first-ever global bond issue. Saudi Arabia's $17.5 billion multipart debt offering, the la

Published 21 Oct, 2016 12:00am

Treasury yields little changed

Treasury yields little changed

US Treasury yields were little changed on Wednesday as dealers bought and sold government bonds to hedge securities they underwrote, which was led by Saudi Arabia's first-ever global bond issue. Saudi Arabia's $17.5 billion multipart debt offering, the la

Published 21 Oct, 2016 12:00am

Sri Lankan shares at one-month low

Sri Lankan shares at one-month low

Sri Lankan shares ended slightly weaker on Thursday, posting their lowest close in a month, as investors awaited next month's national budget and a flurry of corporate results. The benchmark index of the Colombo Stock Exchange ended 0.03 percent or 2.03 p

Published 21 Oct, 2016 12:00am

Indian shares up

Indian shares up

Indian shares ended higher on Thursday, tracking Asian peers, with financial stocks such as ICICI Bank Ltd contributing most to the gains on the indexes. The broader NSE index ended 0.47 percent higher at 8,699.40, while the benchmark BSE index closed up

Published 21 Oct, 2016 12:00am

China stocks barely changed

China stocks barely changed

China stocks barely moved on Thursday as investors weighed the implications of a slew of economic data released this week. The bluechip CSI300 index rose 0.1 percent, to 3,318.60, while the Shanghai Composite Index ended at 3,084.46 points, almost exactly

Published 21 Oct, 2016 12:00am

European shares touch two-week high

Currency

European shares touch two-week high

European shares rose on Thursday to their highest level in two weeks, helped by weakness in the euro and further boosted by a rally in bank sector stocks. The euro fell to a four-month low against the US dollar after the European Central Bank cooled talk

Published 21 Oct, 2016 12:00am

Australian shares up; New Zealand flat

Australian shares up; New Zealand flat

Australian shares ended marginally higher on Thursday with polls showing a tilt in momentum away from Donald Trump after the final US presidential debate. According to a CNN snap poll, 52 percent thought Clinton won the debate while 39 percent said Trump

Published 21 Oct, 2016 12:00am

Most Southeast Asian markets fall

Most Southeast Asian markets fall

Most Southeast Asian stock markets fell on Thursday after two straight sessions of gains, while Thailand posted its highest close in nearly two weeks with energy stocks leading the rise. Investors were watchful before the final US presidential debate in t

Published 21 Oct, 2016 12:00am

Britain's FTSE buoyed by appetite for banks

Currency

Britain's FTSE buoyed by appetite for banks

Banks helped to support British bluechips on Thursday, buoyed by good performance from US lenders in key business areas on a volatile day as the European Central Bank held policy steady. British mid-caps were also in focus, hobbled as the FTSE 250 was hit

Published 21 Oct, 2016 12:00am

Euro on defensive in Asia; Mexican peso up

Currency

Euro on defensive in Asia; Mexican peso up

The euro stood near a three-month low ahead of a European Central Bank meeting later on Thursday, while the Mexican peso rose to a six-week high after the conclusion of the final US presidential debate before the November election. The euro eased 0.1 perc

Published 21 Oct, 2016 12:00am

Euro near three-month lows in Europe

Currency

Euro near three-month lows in Europe

The euro was trading just above a three-month low against the dollar on Thursday, with the focus on whether European Central Bank President Mario Draghi will indicate that the bank is poised to taper its bond purchase programme. The euro was flat at $1.09

Published 21 Oct, 2016 12:00am

Early trade in New York: Euro drops to four-month lows

Early trade in New York: Euro drops to four-month lows

The euro fell to a four-month low against the US dollar on Thursday, and helped the US dollar index rise to a seven-month highs, after European Central Bank President Mario Draghi said the bank did not discuss ending bond purchases. The ECB did not discus

Published 21 Oct, 2016 12:00am

Euro weakens against dollar in New York

Currency

Euro weakens against dollar in New York

The euro weakened against the US dollar on Wednesday as investors focused on whether European Central Bank President Mario Draghi will give any indications that the central bank will begin tapering its bond purchase program when it meets on Thursday. The

Published 21 Oct, 2016 12:00am

Sri Lankan rupee down

Currency

Sri Lankan rupee down

The Sri Lankan rupee ended slightly weaker on Thursday on importer dollar demand and as foreign investors sold bonds in the absence of central bank intervention, said dealers. Rupee forwards were active, with the spot-next closing at 147.45/50 per dollar,

Published 21 Oct, 2016 12:00am

Asia forex Ringgit over one-week high, peso up

Currency

Asia forex Ringgit over one-week high, peso up

Malaysia's ringgit on Thursday hit its strongest level in more than one week thanks to higher oil prices, while investors awaited unveiling of the country's 2017 budget on Friday. The Philippine peso touched a near one-month high on a budget surplus in Au

Published 21 Oct, 2016 12:00am

Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 78.40-78.40 (previous 78.40-78.40).

Published 21 Oct, 2016 12:00am

Sterling falls against dollar

Currency

Sterling falls against dollar

Sterling fell against the dollar on Thursday after the president of the European Council said EU leaders would not engage in negotiations on Britain's exit from the bloc at Prime Minister Theresa May's first summit in Brussels. Donald Tusk said he expecte

Published 21 Oct, 2016 12:00am

Aussie down, kiwi climbs

Aussie down, kiwi climbs

The Australian dollar came off a six-week high on Thursday after a surprisingly weak employment report showed a big slide in full-time jobs and added to the risk of a further cut in interest rates. The Australian dollar snapped a six-day winning streak to

Published 21 Oct, 2016 12:00am

Bangladesh debutant teenager puts England in a spin

Bangladesh debutant teenager puts England in a spin

Teenage debutant Mehedi Hasan claimed five wickets for 64 runs to stun England's top order and give Bangladesh the upper hand in the first Test in Chittagong on Thursday. Moeen Ali and Jonny Bairstow scored half-centuries each as England reached 258-7 at

Published 21 Oct, 2016 12:00am

New Zealand bowlers pull off 6-run win over India

New Zealand bowlers pull off 6-run win over India

New Zealand bowlers pulled off a thrilling six-run win over India in the second one-day international after skipper Kane Williamson struck a dazzling century to help his side level the series 1-1 in New Delhi on Thursday. The hosts, who were chasing 243 f

Published 21 Oct, 2016 12:00am

Messi ruins Guardiola return, Bayern stop rot

Messi ruins Guardiola return, Bayern stop rot

Lionel Messi spoiled Pep Guardiola's homecoming by scoring a hat-trick in Barcelona's 4-0 win over 10-man Manchester City in the Champions League on Wednesday, while Bayern Munich shook off their recent patchy form to defeat PSV Eindhoven 4-1. Messi pounc

Published 21 Oct, 2016 12:00am

Suarez picks up Golden Shoe after prolific last season

Suarez picks up Golden Shoe after prolific last season

Barcelona's Uruguayan star Luis Suarez on Thursday collected the Golden Shoe award for the leading scorer in Europe last season and admitted he never imagined being the most prolific member of such a star-studded attack. "I didn't imagine myself as the to

Published 21 Oct, 2016 12:00am

Younis wants India, Pakistan to resume Tests

Younis wants India, Pakistan to resume Tests

Senior batsman Younis Khan wants India and Pakistan to set aside their strained relations and resume five-day matches as both are giants of the game. "It's my wish to play a Test in Pakistan again, play against India and against all top teams," Younis tol

Published 21 Oct, 2016 12:00am

PIA win All-Pakistan Shama Challenge Football Cup

PIA win All-Pakistan Shama Challenge Football Cup

Pakistan International Airline (PIA) clinched All-Pakistan Shama Challenge Football Cup after defeating strong PAF by 2-0 in the final played here at Sumbal Khan Football ground, Qayyum Sports Complex on Thursday. Governor KP Iqbal Zafar Jhagra was the ch

Published 21 Oct, 2016 12:00am

Second Test today: Pakistan wary of dangerous West Indies

Second Test today: Pakistan wary of dangerous West Indies

Pakistan can ill-afford any complacency against a dangerous West Indies side when the two teams meet in the second Test starting in Abu Dhabi from Friday. Normal service will be resumed with a traditional red ball and daylight play after both teams fought

Published 21 Oct, 2016 12:00am

K-Electric owes Rs 68 billion dues: SSGC

K-Electric owes Rs 68 billion dues: SSGC

Sui Southern Gas Company (SSGC ) has said that K-Electric is one of its primary defaulters which to date owes it Rs 68 billion. SSGC has taken all appropriate and immediate measures for full recovery of all outstanding amounts from KE and other customers.

Published 21 Oct, 2016 12:00am

FPCCI elections: BMP, PBG name Rahim Janoo as joint candidate for president's slot

FPCCI elections: BMP, PBG name Rahim Janoo as joint candidate for president's slot

Businessmen Panel (BMP) and Pakistan Business Group (PBG) have nominated Abdul Rahim Janoo as their joint candidate for president's seat in Federation of Pakistan Chambers of Commerce and Industry's (FPCCI) elections for the year 2017. The official announ

Published 21 Oct, 2016 12:00am

What India can learn from China

What India can learn from China

In this media-dominated age where hype and hysteria prevail, views of Pakistanis and Indians about each other and their respective worlds continue to collide. The propensity to assume the worst about each other and to wholly succumb to hypernationalistic

Published 21 Oct, 2016 12:00am

'Sustainability in the long-term is dependent on giving back to the community,' says CEO-AkzoNobel Pakistan

'Sustainability in the long-term is dependent on giving back to the community,' says CEO-AkzoNobel Pakistan

BR Research recently sat down with the CEO of AkzoNobel Pakistan Mr Jehanzeb Khan to discuss the rapid growth the company has witnessed along with expansion plans for the future. With a career spanning over 30 years, Jehanzeb has a wealth of experience in

Published 21 Oct, 2016 12:00am

'Sustainability in the long-term is dependent on giving back to the community,' says CEO-AkzoNobel Pakistan

'Sustainability in the long-term is dependent on giving back to the community,' says CEO-AkzoNobel Pakistan

BR Research recently sat down with the CEO of AkzoNobel Pakistan Mr Jehanzeb Khan to discuss the rapid growth the company has witnessed along with expansion plans for the future. With a career spanning over 30 years, Jehanzeb has a wealth of experience in

Published 21 Oct, 2016 12:00am

Sheikupura road: delay in completion of project badly hits businesses

Sheikupura road: delay in completion of project badly hits businesses

Delay in completion of mega development project of Sheikupura road has badly affected the businesses along this main road. The CM Punjab should take immediate notice of this unnecessary delay which has escalated its estimated cost in addition to adding mi

Published 21 Oct, 2016 12:00am

Tax returns: LCCI seeks extension in deadline

Tax returns: LCCI seeks extension in deadline

The Lahore Chamber of Commerce and Industry (LCCI) on Thursday demanded of the Chairman Federal Board of Revenue (FBR) to extend the last date for filing of income tax returns till December 31, 2016 as a large number of businessmen cannot file their retur

Published 21 Oct, 2016 12:00am

ACCMS introduced to ACE Punjab offices

ACCMS introduced to ACE Punjab offices

The Anti-Corruption Compliant Management System (ACCMS) has been introduced in offices of Anti-Corruption Establishment (ACE) Punjab to ensure accurate and reliable data and make the whole process of complaint handling ie, registration of complaint, enqui

Published 21 Oct, 2016 12:00am

Proposed package of Rs 170 billion for exporters hailed

Proposed package of Rs 170 billion for exporters hailed

The business community of theSouthern Punjab has hailed the proposed package of Rs 170 billion for exporters with a major share for textie sector as hinted by Federal Minister for Commerce which is to be announced by Prime Minister Mian Nawaz Sharif aimed

Published 21 Oct, 2016 12:00am

Economic challenges: LCCI chief urges politicians to play due role

Economic challenges: LCCI chief urges politicians to play due role

"The country has not much to lose on economic front, hence, all segments of society in general and politicians in particular would have to play their role to improve the situation," Lahore Chamber of Commerce & Industry (LCCI) President Abdul Basit, said.

Published 21 Oct, 2016 12:00am

Sheikhupura plant: Atlas Honda celebrates completion of second production line

Sheikhupura plant: Atlas Honda celebrates completion of second production line

Atlas Honda Ltd (AHL), Honda's motorcycle production and sales joint venture in Pakistan, on Thursday celebrated the completion of a new second production line at its existing Sheikhupura plant. With the newly added 2nd line, the assembly capacity of the

Published 21 Oct, 2016 12:00am

Former CJ for better attitude of doctors towards patients

Former CJ for better attitude of doctors towards patients

Former Chief Justice of Pakistan, Justice Jawwad S Khawaja on Thursday said that attitude of doctor can make an appreciable difference to the psychological response of patient who feels the need to be understood and listened to empathically.

Published 21 Oct, 2016 12:00am

Second unit of GE gas turbine arrives at Bhikki power plant

Second unit of GE gas turbine arrives at Bhikki power plant

The second unit of the world's most efficient heavy duty GE 9HA.01 gas turbines has arrived from Belfort, France, in Pakistan to equip the 1,180 megawatt (MW) Bhikki Combined Cycle Power Plant in Punjab. The turbine follows an earlier unit that arrived in

Published 21 Oct, 2016 12:00am

'Provision of facilities in schools government's top priority'

'Provision of facilities in schools government's top priority'

Punjab Education Minister Rana Mashhood Ahmad Khan has said that provision of missing facilities in public schools and training institutions in Punjab is the first priority of the government of Punjab. Provision of furniture, fully-equipped science labs,

Published 21 Oct, 2016 12:00am

LESCO consumers clueless about installation of new connections

LESCO consumers clueless about installation of new connections

As many as 67,000 applicants and 127,000 consumers of the Lahore Electric Supply Company (LESCO) are clueless about the fate of installation of new electricity connections and meter replacement as the company has left with a stock of only 52 meters on the

Published 21 Oct, 2016 12:00am

Imran sticks to his lockdown plan

Imran sticks to his lockdown plan

Chairman Pakistan Tehreek-i-Insaaf Imran Khan on Thursday said that "Islamabad protest & lockdown" must be held at any cost even after being taken up Panamagate petitions by the Supreme Court. Addressing District Bar Association Faisalabad, he warned that

Published 21 Oct, 2016 12:00am

'World Osteoporosis Day' marked

'World Osteoporosis Day' marked

Balanced diet, daily exercise and simple lifestyle is essential to avoid bones disease called osteoporosis, Principal Post Graduate Medical Institute (PGMI)/Ameeruddin Medical College Professor Ghayas-Un-Nabi Tayyab said. While talking to media after lead

Published 21 Oct, 2016 12:00am

DOPCs directed to maintain liaison with information department

DOPCs directed to maintain liaison with information department

Commissioner Overseas Pakistanis Commission (OPC) Afzaal Bhatti has directed the chairpersons of District Overseas Pakistanis Committees (DOPCs) to maintain close liaison with the information department officials for wide publicity of working of these com

Published 21 Oct, 2016 12:00am

Shahbaz meets Sardar Mehtab, GB CM

Shahbaz meets Sardar Mehtab, GB CM

Punjab Chief Minister Shahbaz Sharif in separate meetings with former governor of Khyber Pakhtunkhwa Sardar Mehtab Khan Abbasi and Chief Minister of Gilgit-Baltistan Hafiz Hafeez-ur-Rehman here on Thursday said the PML-N government had always promoted tol

Published 21 Oct, 2016 12:00am

Successive govts ignored plight of expats: Parliamentary panel told

Successive govts ignored plight of expats: Parliamentary panel told

A parliamentary panel on Thursday was informed that land for Overseas Pakistanis Housing Schemes Islamabad was purchased at an exorbitant rate of Rs 55,000 per kanal against the market price of Rs 5,000 per kanal in 1996 - a glaring example of misappropri

Published 21 Oct, 2016 12:00am

President urges business community to pay due taxes

President urges business community to pay due taxes

President Mamnoon Hussain on Thursday urged upon the business community to pay their due taxes in order to contribute towards national development, which he said would ensure provision of basic services to the people. Talking to a delegation of Islamabad

Published 21 Oct, 2016 12:00am

Non-filers of tax returns: formation of special teams ordered for crackdown

Non-filers of tax returns: formation of special teams ordered for crackdown

Chief Commissioner, Income Tax Abbottabad, Mahmood Aslam has directed the formation of special teams on the expiry of the deadline of October 31, 2016 for filing tax returns to carrying door to door checking to impose penalties on non-filers of tax return

Published 21 Oct, 2016 12:00am

NA panel told: Mobile reading in Sepco alarmingly low: ministry

NA panel told: Mobile reading in Sepco alarmingly low: ministry

The Ministry of Water and Power Thursday said that its real challenge in Sukkur Electric Power Company (Sepco) is mobile reading of the electricity consumed. While briefing a sub-committee of the National Assembly Standing Committee on Water and Power, Om

Published 21 Oct, 2016 12:00am

All neighbouring countries should have access to Gwadar, Chabahar ports: Achakzai

All neighbouring countries should have access to Gwadar, Chabahar ports: Achakzai

Pakhtunkh-wa Milli Awami Party (PkMAP) President Mahmood Khan Achakzai has said that Gwadar, Chabahar and Bandar Abbas ports should be opened for all neighbouring countries for trade and economic uplift of the entire region. "Gwadar and Chabahar ports sho

Published 21 Oct, 2016 12:00am

KP government increases HPA of ESSI employees

KP government increases HPA of ESSI employees

The provincial government of Khyber Pakhtunkhwa has increased the existing Health Professional Allowance (HPA) of the Employees Social Security Institute (ESSI) doctors by Rs 10,000 monthly. The said allowance has been extended for the first time to param

Published 21 Oct, 2016 12:00am

Dar reviews arrangements for CAREC Conference, visits of IMF, ADB officials

Dar reviews arrangements for CAREC Conference, visits of IMF, ADB officials

Minister for Finance Senator Ishaq Dar on Thursday reviewed arrangements for international events planned for the next week including 15th Ministerial Conference of Central Asian Regional Economic Cooperation (CAREC) and visits of senior officials of Inte

Published 21 Oct, 2016 12:00am

Indus Highway (N-55): NHA approves proposal of dualization

Indus Highway (N-55): NHA approves proposal of dualization

The Executive Board of the National Highway Authority has approved the proposal for dualization and improvement of Indus Highway (N-55) from Sarai Gambila to Kohat (128 km) and construction of a 4-lane access controlled motorway (49 km) between Yarik and

Published 21 Oct, 2016 12:00am

Direct interaction advised: SECP introduces strong measures to ease corporate sector

Direct interaction advised: SECP introduces strong measures to ease corporate sector

The Securities & Exchange Commission of Pakistan (SECP), in order to facilitate registration of companies, has been introducing various facilitative measures from time to time. SECP has made drastic reductions in registration fee for small companies and f

Published 21 Oct, 2016 12:00am

Islamabad Airport removed from worst airports' list

Islamabad Airport removed from worst airports' list

Benazir Bhutto International Airport, Islamabad has been excluded from the list of 10 worst airports of the world after Civil Aviation Authority (CAA) succeeded in providing the required facilities to passengers at the airport. Benazir Bhutto Internationa

Published 21 Oct, 2016 12:00am

Pakistan Business & Economic Summit to be held tomorrow

Pakistan Business & Economic Summit to be held tomorrow

Pakistan Business & Economic Summit to take place at a local hotel in Karachi on Saturday, October 22, 2016 hours Nutshell Forum & Corporate Pakistan Group are hosting this day long summit in association with Overseas Investors Chamber of Commerce& Indust

Published 21 Oct, 2016 12:00am

Mobile commerce termed driving force in banking sector

Mobile commerce termed driving force in banking sector

Deputy Governor State Bank of Pakistan (SBP) Saeed Ahmed has said that mobile commerce has become a driving force in banking sector and is progressing with the passage of each day. He was speaking as chief guest at the inaugural session of Second Annual M

Published 21 Oct, 2016 12:00am

Ahmad Jawad proposes formation of FPCCI think-tank

Ahmad Jawad proposes formation of FPCCI think-tank

Chairman of Regional Standing Committee of Federation of Pakistan Chambers of Commerce and Industries (FPCCI) Ahmad Jawad has proposed on Thursday that FPCCI should form a think tank for dialogue, policy advocacy and lobbying to safeguard the interest of

Published 21 Oct, 2016 12:00am

Two killed in Sibi landmine explosion

Two killed in Sibi landmine explosion

At least two people were killed and nine were wounded in a landmine explosion in Balochistan's Sibi district on Thursday. A security official told media that a vehicle carrying local tribesmen hit a landmine in Babar Kach area of Sibi district. "Two tribe

Published 21 Oct, 2016 12:00am

PSO denies fuel shortage across country

PSO denies fuel shortage across country

Pakistan State Oil (PSO) has refuted the impression that is being created by some circles that there will be shortage of fuel in the country in the next few days owing to the decision of the government to import higher grades of Mogas and compliance of th

Published 21 Oct, 2016 12:00am

Tawab urges KPT to withdraw hike in its tariff

Tawab urges KPT to withdraw hike in its tariff

Senior Vice President of Federation of Pakistan Chambers of Commerce & Industry (FPCCI) Sheikh Khalid Tawab has urged the Karachi Port Trust (KPT) to withdraw the tariff charges recently increased arbitrarily and without consultation of the stakeholders.

Published 21 Oct, 2016 12:00am

BankIslami posts pre-tax profit of Rs 1.006 billion

BankIslami posts pre-tax profit of Rs 1.006 billion

BankIslami Pakistan Limited has reported positive results by posting a profit before tax of Rs 1,006.4 million for the nine months ended on September 30. The Bank recorded an increase of 6.87 percent in deposits, from the same period last year, which cros

Published 21 Oct, 2016 12:00am

BankIslami posts pre-tax profit of Rs 1.006 billion

BankIslami posts pre-tax profit of Rs 1.006 billion

BankIslami Pakistan Limited has reported positive results by posting a profit before tax of Rs 1,006.4 million for the nine months ended on September 30. The Bank recorded an increase of 6.87 percent in deposits, from the same period last year, which cros

Published 21 Oct, 2016 12:00am

PAT of Bank Al Habib Limited up to Rs 5.426 billion in nine months

PAT of Bank Al Habib Limited up to Rs 5.426 billion in nine months

The profit after tax of Bank Al Habib Limited has increased to Rs 5.426 billion in the first nine months of 2016 as compared to Rs 5.302 billion earned in the corresponding period in 2015. The board of directors of the bank, in its meeting held here on Th

Published 21 Oct, 2016 12:00am

PAT of Bank Al Habib Limited up to Rs 5.426 billion in nine months

PAT of Bank Al Habib Limited up to Rs 5.426 billion in nine months

The profit after tax of Bank Al Habib Limited has increased to Rs 5.426 billion in the first nine months of 2016 as compared to Rs 5.302 billion earned in the corresponding period in 2015. The board of directors of the bank, in its meeting held here on Th

Published 21 Oct, 2016 12:00am

PBIF president for corrective measures to increase export

PBIF president for corrective measures to increase export

President of Pakistan Businessmen and Intellectuals Forum (PBIF) Mian Zahid Hussain has expressed concern on critical economic situation of the country urging the relevant government authorities to concentrate on increase in export volume. He said that Pa

Published 21 Oct, 2016 12:00am

Nisar Khuhro made PPP Sindh President

Nisar Khuhro made PPP Sindh President

Chairman Pakistan People's Party's (PPP) Bilawal Bhutto Zardari on Thursday appointed Nisar Ahmed Khuhro as President PPP's Sindh chapter. Syed Qaim Ali Shah, Nisar Ahmed Khuhro and Mola Bux Chandio were the three pick for the slot; however, Bilawal after

Published 21 Oct, 2016 12:00am

Quake jolts parts of Balochistan

Quake jolts parts of Balochistan

An Earthquake of mild intensity shook different parts of Balochistan on Thursday Morning. According to details, Musakhel area of Balochistan was affected during the latest earthquake. Earthquake monitoring center confirmed the event and said the epic cent

Published 21 Oct, 2016 12:00am

General Tyre's PAT rises 30 percent

General Tyre's PAT rises 30 percent

The profit after tax of General Tyre and Rubber Company of Pakistan Limited has increased by 30 percent to Rs 235.197 million in the quarter ended September 30, 2016 as compared to Rs 180.295 million earned in the corresponding quarter in 2015. The board

Published 21 Oct, 2016 12:00am

General Tyre's PAT rises 30 percent

General Tyre's PAT rises 30 percent

The profit after tax of General Tyre and Rubber Company of Pakistan Limited has increased by 30 percent to Rs 235.197 million in the quarter ended September 30, 2016 as compared to Rs 180.295 million earned in the corresponding quarter in 2015. The board

Published 21 Oct, 2016 12:00am

Partly Facetious: No honour among thieves

Partly Facetious: No honour among thieves

"There is honour among thieves."

Published 21 Oct, 2016 12:00am

Kapco posts Rs 2.318 billion as PAT

Kapco posts Rs 2.318 billion as PAT

Kot Addu Power Company Limited has posted Rs 2.318 billion as profit after tax in the quarter ended September 30, 2016 as compared to Rs 2.107 billion earned in the corresponding quarter in 2015. The board of directors of the company, in its meeting held

Published 21 Oct, 2016 12:00am

Kapco posts Rs 2.318 billion as PAT

Kapco posts Rs 2.318 billion as PAT

Kot Addu Power Company Limited has posted Rs 2.318 billion as profit after tax in the quarter ended September 30, 2016 as compared to Rs 2.107 billion earned in the corresponding quarter in 2015. The board of directors of the company, in its meeting held

Published 21 Oct, 2016 12:00am

Pakistan for efforts to prevent weaponisation of outer space

Pakistan for efforts to prevent weaponisation of outer space

Pakistan's permanent representative to the United Nations (UN) in Geneva Ambassador Tehmina Janjua has called for steps to prevent the weaponisation of outer-space, saying it would adversely affect regional and international peace and security. "Weaponisa

Published 21 Oct, 2016 12:00am

Petition against PTI's lockdown of Islamabad: SHC asks petitioner to satisfy court on its maintainability

Petition against PTI's lockdown of Islamabad: SHC asks petitioner to satisfy court on its maintainability

The Sindh High Court (SHC) on Thursday directed a petitioner to satisfy the court on maintainability of his petition seeking the court's directives to restrain Pakistan Tehreek-e- Insaf (PTI) from lockdown of Islamabad on November, 2. Chief Justice Sajjad

Published 21 Oct, 2016 12:00am

UK MPs briefed about Indian brutalities in IHK

UK MPs briefed about Indian brutalities in IHK

Special envoy of Prime Minister of Pakistan, Chairman Finance Committee Qaiser Ahmad Sheikh met with the British Parliamentarians in Parliament House, London. The purpose of this visit is to highlight the contributions of Pakistan for Kashmir dispute. Amo

Published 21 Oct, 2016 12:00am

Korean embassy organises musical, cultural event

Korean embassy organises musical, cultural event

The Embassy of Korea on Thursday organized a musical event/cultural event at a local hotel to entertain the residents of the twin cities. The event feature was a performance by Noreum Machi, one of the best known Korean music groups. In addition, these sh

Published 21 Oct, 2016 12:00am

Grand Hayat Hotel: NA body concerned over illegal lease accord

Grand Hayat Hotel: NA body concerned over illegal lease accord

The National Assembly Standing Committee on Cabinet has expressed its concern over illegal lease agreement of Grand Hayat Hotel and directed relevant ministry to take strict action to recover the investment of Pakistanis and overseas communities. The comm

Published 21 Oct, 2016 12:00am

Promoting innovation, entrepreneurship: French government willing to enhance collaboration: Ambassador

Promoting innovation, entrepreneurship: French government willing to enhance collaboration: Ambassador

Pakistan has talented people particularly youth and the number of start-ups in the country is rapidly growing while the French government is willing to enhance collaboration with Pakistan to foster the innovation and entrepreneurship. Martine Dorance, Amb

Published 21 Oct, 2016 12:00am

CEO Pesco for early completion of uplift projects

CEO Pesco for early completion of uplift projects

Chief Executive Officer Peshawar Electricity Supply Company (Pesco), Anwarul Haq Yousafzai has directed all project directors for the completion of all ongoing development projects within the stipulated time period to improve power distribution system. He

Published 21 Oct, 2016 12:00am

Status of Women: National Assembly body approves bill

Status of Women: National Assembly body approves bill

The National Assembly Standing Committee on Human Rights on Thursday passed "The National Commission on Status of Women (Amendment) Bill, 2016," without any amendments. Meeting of the committee was held under the chair of MNA Babar Nawaz Khan in the Parli

Published 21 Oct, 2016 12:00am

Islamabad Airport: foreign fabrics, assorted mobile phones seized

Islamabad Airport: foreign fabrics, assorted mobile phones seized

Model Customs Collectorate (MCC) Islamabad's ongoing crackdown against non-duty paid smuggled goods resulted in seizure of large quantity of foreign fabrics and assorted mobile phones here on Thursday. According to the details, on specific information, Is

Published 21 Oct, 2016 12:00am

PFG concerned over Pak-Afghan deteriorating ties

PFG concerned over Pak-Afghan deteriorating ties

The Pakistan-Afghanistan Parliamentary friendship group (PFG) in the National Assembly of Pakistan met under its Convenor Aftab Ahmad Khan Sherpao MNA on Thursday. The PFG expressed great concern over the deterioration of Pakistan-Afghanistan relations an

Published 21 Oct, 2016 12:00am

CBSA officials praise electronic customs clearance processes

CBSA officials praise electronic customs clearance processes

The senior officials of Canada Border Service Agency (CBSA) met Pakistani customs authorities in Karachi and Islamabad and appreciated the electronic customs clearance processes in Pakistan. Sources told Business Recorder here on Thursday that the

Published 21 Oct, 2016 12:00am

Senate body terms IMEI replication a security threat

Senate body terms IMEI replication a security threat

A parliamentary panel on Thursday termed the replication of International Mobile Equipment Identity (IMEI) a security threat and recommended to bind cellular companies to avoid such duplication. The mobile IMEI number is being replicated even 1000 times i

Published 21 Oct, 2016 12:00am

Pakistan to send Foreign Secretary to Bangladesh

Pakistan to send Foreign Secretary to Bangladesh

Pakistan has decided to send Foreign Secretary Aizaz Ahmad Chaudhry to Bangladesh with a view to reset its relations which have been strained for the last several months due to ongoing executions of Bangladeshi leaders allegedly for war crimes during the

Published 21 Oct, 2016 12:00am

Consultative meeting on IHR, GHSA held at KMU

Consultative meeting on IHR, GHSA held at KMU

A consultative meeting regarding development of provincial plan of action for implementation of International Health Regulation (IHR) and Global Health Security Agenda (GHSA) organized by Health department in collaboration with WHO and Khyber Medical Univ

Published 21 Oct, 2016 12:00am

Global Handwashing Day observed

Global Handwashing Day observed

Children suffer disproportionately from diarrhea diseases with more than 3.5 million children under five dying every year from diarrhoea and pneumonia related diseases.

Published 21 Oct, 2016 12:00am

Closure of businesses: former KCCI chief proposes new timings

Closure of businesses: former KCCI chief proposes new timings

Chairman, Businessmen Group and former President of Karachi Chamber of Commerce and Industry (KCCI), Siraj Kassam Teli, has said the timing of shops' closure should be extended up to 9:00 pm, shopping malls to 10:00 pm and marriage halls to 11:00 pm. He s

Published 21 Oct, 2016 12:00am

ACPL PAT rises to Rs 690.849 million

ACPL PAT rises to Rs 690.849 million

The profit after tax of Attock Cement Pakistan Limited (ACPL) has increased to Rs 690.849 million in the quarter ended September 30, 2016 as compared to Rs 481.387 million earned in the corresponding period in 2015. The board of directors of the company,

Published 21 Oct, 2016 12:00am

ACPL PAT rises to Rs 690.849 million

ACPL PAT rises to Rs 690.849 million

The profit after tax of Attock Cement Pakistan Limited (ACPL) has increased to Rs 690.849 million in the quarter ended September 30, 2016 as compared to Rs 481.387 million earned in the corresponding period in 2015. The board of directors of the company,

Published 21 Oct, 2016 12:00am

Gul Ahmed Wind Power Limited commences commercial operations

Gul Ahmed Wind Power Limited commences commercial operations

Gul Ahmed Wind Power Limited ("Project"), a 50MW wind power generation plant, located in Jhimpir, Thatta, Sindh has commenced its commercial operations on October 18, 2016. The Project will now be dispatching electricity to Central Power Purchaser Agency

Published 21 Oct, 2016 12:00am

Growth of financial sector: speakers for closer coordination among SBP, SECP, FBR

Growth of financial sector: speakers for closer coordination among SBP, SECP, FBR

Speakers at a seminar organized by Hansuke Consulting have urged the federal government for close co-ordination among the regulators of the financial sector so that the sector grows well and meet the global challenges.

Published 21 Oct, 2016 12:00am

Growth of financial sector: speakers for closer coordination among SBP, SECP, FBR

Growth of financial sector: speakers for closer coordination among SBP, SECP, FBR

Speakers at a seminar organized by Hansuke Consulting have urged the federal government for close co-ordination among the regulators of the financial sector so that the sector grows well and meet the global challenges.

Published 21 Oct, 2016 12:00am

Growth of financial sector: speakers for closer coordination among SBP, SECP, FBR

Growth of financial sector: speakers for closer coordination among SBP, SECP, FBR

Speakers at a seminar organized by Hansuke Consulting have urged the federal government for close co-ordination among the regulators of the financial sector so that the sector grows well and meet the global challenges.

Published 21 Oct, 2016 12:00am

Killing of two shopkeepers: alleged injured robber held from CHK

Killing of two shopkeepers: alleged injured robber held from CHK

Police on Thursday apprehended an alleged robber in injured condition from Civil Hospital Karachi (CHK). The accused was involved in a firing incident in the metropolis, police said on Thursday. According to police sources, two robbers entered a bakery at

Published 21 Oct, 2016 12:00am

Regulatory framework for NBMFCs: SECP undertakes thorough revamp task

Regulatory framework for NBMFCs: SECP undertakes thorough revamp task

Over the last one year, SECP has undertaken a thorough revamping of the regulatory framework for non-bank micro finance companies (NBMFCs). Various measures have been taken with the specific objectives of improving ease of doing business by NBMFCs which i

Published 21 Oct, 2016 12:00am

Fata-KP merger demanded: Tribal women concerned over proposed reforms package

Fata-KP merger demanded: Tribal women concerned over proposed reforms package

Tribal women from various agencies of Fata have expressed concern over the proposed reforms package for tribal region, and demanded the immediate merger of Federally Administered Tribal Areas into Khyber Pakhtunkhwa. Addressing at a news conference at pre

Published 21 Oct, 2016 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 24	278.53
USD PKR Interbank Buying / Dec 24	278.33
USD to Japanese Yen / Dec 24	157.14
USD to Swiss Franc / Dec 24	0.90
Pound Sterling to USD / Dec 24	1.25
Euro to USD / Dec 24	1.04

Stock	Volume
Germany DAX 30 / Dec 23	19,848.77
S&P 500 / Dec 24	6,040.04
India Sensex / Dec 24	78,472.87
Tokyo Nikkei / Dec 24	38,986.40
Nasdaq / Dec 24	20,031.13
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,136.99
Dow Jones / Dec 24	43,297.03

Item	Value
Crude Oil USD/Barrel / Dec 24	70.10
Karachi Cotton PKR/37.32 KG / Dec 24	17,785
Gold 10 Grams PKR / Dec 24	240,487.70
Gold Spot USD/Ounce / Dec 24	2,616.87
Cotton US¢/pound / Dec 24	68.78
Petrol/Litre / Dec 26	252.10

Gainers
Losers
Leaders

Stock	Price
Sec. Inv. Bank / Dec 24 Security Investment Bank Limited(SIBL)	5.99 ▲ 1.00 (20.04%)
Next Capital / Dec 24 Next Capital Limited(NEXT)	8.90 ▲ 1.00 (12.66%)
Pak Agro Pack. (GEM) / Dec 24 Pak Agro Packaging Limited (GEM)(GEMPAPL)	9 ▲ 1.00 (12.50%)
Ghani Chem. Ind. / Dec 24 Ghani Chemical Industries Limited(GCIL)	16.13 ▲ 1.47 (10.03%)
Pak Gulf Leasing / Dec 24 Pak-Gulf Leasing Company Limited(PGLC)	14.37 ▲ 1.31 (10.03%)
Popular Islamic / Dec 24 Popular Islamic Modaraba(PIM)	15.58 ▲ 1.42 (10.03%)
Mandviwala / Dec 24 Mandviwala Mauser Plastic Industries(MWMP)	16.59 ▲ 1.51 (10.01%)
Blessed Tex. / Dec 24 Blessed Textiles Limited(BTL)	301.77 ▲ 27.43 (10.00%)
Crescent Cotton / Dec 24 Crescent Cotton Mills Limited(CCM)	55 ▲ 5.00 (10.00%)

Stock	Price
S.G.Power / Dec 24 S.G. Power Limited(SGPL)	10.58 ▼ -1.18 (-10.03%)
Olympia Mills / Dec 24 Olympia Mills Limited(OML)	36 ▼ -4.00 (-10.00%)
J.A.Textile / Dec 24 J.A. Textile Mills Limited(JATM)	33.95 ▼ -3.77 (-9.99%)
Sanghar Sugar / Dec 24 Sanghar Sugar Mills Limited(SANSM)	26.16 ▼ -2.90 (-9.98%)
I.C.C. Ind. / Dec 24 ICC Industries Limited(ICCI)	9.85 ▼ -1.07 (-9.80%)
National Silk / Dec 24 The National Silk & Rayon Mills Limited(NSRM)	50.01 ▼ -5.43 (-9.79%)
Gulshan Sp. / Dec 24 Gulshan Spinning Mills Limited(GSPM)	4.10 ▼ -0.40 (-8.89%)
Crescent Fib. / Dec 24 Crescent Fibres Limited(CFL)	40.16 ▼ -3.81 (-8.66%)
Reliance Ins. / Dec 24 Reliance Insurance Company Limited(RICL)	11.55 ▼ -1.05 (-8.33%)

Stock	Volume
WorldCall Telecom / Dec 24 Worldcall Telecom Limited(WTL)	126,573,463 ▲ 0.05
Fauji Foods Ltd / Dec 24 Fauji Foods Limited(FFL)	66,984,381 ▲ 0.49
Cnergyico PK / Dec 24 Cnergyico PK Limited(CNERGY)	66,471,663 ▼ -0.27
Pak Elektron / Dec 24 Pak Elektron Limited(PAEL)	38,651,653 ▼ -1.53
K-Electric Ltd. / Dec 24 K-Electric Limited(KEL)	36,108,956 ▼ -0.18
Sui South Gas / Dec 24 Sui Southern Gas Company Limited(SSGC)	33,467,532 ▼ -0.50
P.T.C.L. / Dec 24 Pakistan Telecommunication Company Ltd(PTC)	33,030,118 ▼ -1.31
TRG Pak Ltd / Dec 24 TRG Pakistan Limited(TRG)	29,441,264 ▲ 3.35
Pace (Pak) Ltd. / Dec 24 Pace (Pakistan) Limited(PACE)	28,106,970 ▼ -0.18

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