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Archive - 2017-02-15
Toyota recalling fuel-cell Mirai vehicles
Industry

Toyota recalling fuel-cell Mirai vehicles

TOKYO: Toyota said Wednesday it is recalling all the Mirai fuel-cell vehicles it has sold globally due to a software glitch that can shut off its hydrogen-powered system.
Updated 08 May, 2018 01:20pm
Gladiators post148 runs against Islamabad United
Cricket

Gladiators post148 runs against Islamabad United

Defending champions Islamabad United were able to restrict the Quetta Gladiators on 148 runs at the loss of six wickets, during the seventh day of the ongoing second edition of the Pakistan Super League (PSL) on Wednesday.
Updated 15 Feb, 2017 08:01pm
Banks lift stocks, US yields climb after data
Financial

Banks lift stocks, US yields climb after data

NEW YORK: Stocks on major world markets rose further on Wednesday and US Treasury yields rose after a batch of US economic data increased the possibility of an interest rate rise by the Federal Reserve.
Published 15 Feb, 2017 05:22pm
US not insisting on two-state solution of Palestine
World Top News

US not insisting on two-state solution of Palestine

WASHINGTON: The United States is no more insisting on a two-state solution for the Palestinian issue, a senior White House official said ahead of visit by the Israeli Prime Minister to Washington, marking a major departure from the decades of US policy to
Published 15 Feb, 2017 05:01pm
Saira for strict monitoring to eradicate polio
General News

Saira for strict monitoring to eradicate polio

ISLAMABAD: Minister for National Health Services Saira Afzal Tarar Wednesday directed to ensure strict accountability and maintain stringent monitoring of process to meet remaining challenges in polio eradication.
Published 15 Feb, 2017 04:51pm
Petrol, diesel prices increased by Rs 1 per liter
Front Top News

Petrol, diesel prices increased by Rs 1 per liter

ISLAMABAD: Notwithstanding the summary forwarded by the Oil and Gas Regulator Authority (OGRA), the Finance Ministry increased the prices of petrol only by Rs 1, from Rs 70.
Published 15 Feb, 2017 04:47pm
Aizaz Chaudhry new envoy to US
Front Top News

Aizaz Chaudhry new envoy to US

ISLAMABAD: The government has decided to appoint Foreign Secretary Aizaz Ahmad Chaudhry as Ambassador of Pakistan to the United States of America, Foreign Office announced here Wednesday.
Published 15 Feb, 2017 04:42pm
TSX rises for 7th straight day, sets record high
Financial

TSX rises for 7th straight day, sets record high

TORONTO: Canada's main stock index rose for the seventh straight day on Wednesday to set a fresh record high, led by gains for its financial services group after strong economic data from both Canada and the United States.
Published 15 Feb, 2017 03:17pm
Oil slips further below $56, US inventory report awaited
Energy

Oil slips further below $56, US inventory report awaited

LONDON: Oil slipped further below $56 a barrel on Wednesday as an industry report showing a large rise in US crude inventories signalled ample supply, even as OPEC achieves record compliance with its supply-cut accord.
Published 15 Feb, 2017 03:15pm
C$ weakens as oil prices fall, greenback climbs
Financial

C$ weakens as oil prices fall, greenback climbs

TORONTO: The Canadian dollar weakened against its US counterpart on Wednesday as a drop in oil prices and broader gains for the greenback offset stronger-than-expected domestic manufacturing data.
Published 15 Feb, 2017 03:12pm
Wall St flat ahead of Yellen after data ups rate hike odds
Financial

Wall St flat ahead of Yellen after data ups rate hike odds

NEW YORK: US stocks were little changed on Wednesday, although the Dow and the Nasdaq managed to eke out record intraday highs, as investors assessed a spate of strong economic data and awaited Federal Reserve Chair Janet Yellen's testimony.
Published 15 Feb, 2017 03:10pm
Pakistan expresses concern over attacks from Afghan soil
Pakistan Top News

Pakistan expresses concern over attacks from Afghan soil

ISLAMABAD: Pakistan has expressed grave concern over continuing terrorist attacks on its soil by the terrorist outfit, Jumaat-ul-Ahrar's (JuA) sanctuaries inside Afghanistan.
Published 15 Feb, 2017 01:39pm
IMF should stop making unreasonable demands from Greece
World

IMF should stop making unreasonable demands from Greece

BERLIN: The International Monetary Fund should stop making unreasonable demands from Greece if it wants to participate in the country's bailout, Finance Minister Euclid Tsakalotos said on Wednesday, urging the lender to act fast.
Published 15 Feb, 2017 01:07pm
EU, Canada secure clearance to kick-start free trade deal
World

EU, Canada secure clearance to kick-start free trade deal

STRASBOURG: The European Union and Canada secured clearance on Wednesday for their contentious free trade deal and the removal of import duties that supporters say will boost growth and jobs on both sides of the Atlantic.
Published 15 Feb, 2017 01:01pm
UN Syria talks to follow agenda set by UN resolution
Europe

UN Syria talks to follow agenda set by UN resolution

ROME: The agenda of Syrian peace talks due to begin in Geneva next week will be line with a UN Security Council resolution aimed at ending the conflict and will not be changed, UN Syria envoy Staffan de Mistura said on Wednesday.
Published 15 Feb, 2017 12:45pm
Stocks rise on Yellen's positive US outlook
Financial

Stocks rise on Yellen's positive US outlook

LONDON: European and Asian stock markets rose solidly Wednesday following a rally in Tokyo, as investors reacted to indications that US interest rates could climb as early as March.
Published 15 Feb, 2017 12:18pm
RECORDER REPORT-PSX close of day
Pakistan Top News

RECORDER REPORT-PSX close of day

KARACHI: Karachi Stock Exchange (KSE) 100 index closed higher on Wednesday having 49214.
Published 15 Feb, 2017 10:52am
US shift on two-state solution 'doesn't make sense': Palestinians
Front Top News

US shift on two-state solution 'doesn't make sense': Palestinians

RAMALLAH: US President Donald Trump's break with decades of support for a two-state solution to the Israeli-Palestinian conflict is irresponsible and does not advance peace, a senior Palestinian said on Wednesday.
Published 15 Feb, 2017 10:21am
European stock markets climb at open
Financial

European stock markets climb at open

LONDON: Europe's main stock markets rose solidly at the open Wednesday following a rally in Tokyo, as investors reacted to news that US interest rates could rise as early as March.
Published 15 Feb, 2017 09:52am
Panama Case: 'Not possible for Sharif family to produce 45 years' record'
Front Top News

Panama Case: 'Not possible for Sharif family to produce 45 years' record'

ISLAMABAD: after more than a week, a five-member larger bench of the Supreme Court headed by Justice Asif Saeed Khosa resumed hearing petitions seeking disqualification of Prime Minister Nawaz Sharif over the involvement of his children in what has come t
Updated 15 Feb, 2017 09:41am
CJCSC calls on PM
General News

CJCSC calls on PM

ISLAMABAD: Chairman Joint Chiefs of Staff Committee General Zubair Hayat called on Prime Minister Muhammad Nawaz Sharif here Wednesday and discussed strategic matters.
Published 15 Feb, 2017 09:33am
Taliban suicide bombers kill five in Mohmand agency
Pakistan Top News

Taliban suicide bombers kill five in Mohmand agency

PESHAWAR: Five people were killed Wednesday when two suicide bombers attacked a government compound in Mohmand agency, officials said, with the Taliban claiming the assault as the latest in a fresh offensive.
Published 15 Feb, 2017 08:22am
Ancient 'mammal-like' reptile discovered in China
Technology

Ancient 'mammal-like' reptile discovered in China

An unexpected archaic fossil unearthed in southwestern China of a pregnant long-necked marine reptile that lived millions of year prior to the dinosaurs with a developing embryo, has baffled scientists all over the world as it indicated that the creature
Published 15 Feb, 2017 07:48am
Tokyo stocks up, Toshiba dives on loss fears
Financial

Tokyo stocks up, Toshiba dives on loss fears

TOKYO:- Tokyo stocks jumped on a weak yen Wednesday as Federal Reserve boss Janet Yellen signalled that US interest rates could rise at any time, but Toshiba tumbled again as it warned of massive losses.
Published 15 Feb, 2017 07:44am
Kim half-brother pleaded for his life
Asia

Kim half-brother pleaded for his life

SEOUL: The half-brother of North Korean leader Kim Jong-Un, who has been murdered in Malaysia, pleaded for his life after a failed assassination bid in 2012, lawmakers briefed by South Korea's spy chief said Wednesday.
Published 15 Feb, 2017 07:29am
Remittance woes
Miscellaneous

Remittance woes

While CPEC and development under it is largely taken as good news for the country, dipping remittances and receding exports present the not-so-pleasant external account situation.
Published 15 Feb, 2017 05:37am
Bill buying rates per unit of currency
Currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Tuesday (February 14, 2017).

Published 15 Feb, 2017 12:00am
Money Market Report
Currency

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (February 14, 2017).
Published 15 Feb, 2017 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (February 14, 2017).

Published 15 Feb, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (February 14, 2017).

Published 15 Feb, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (February 14, 2017).

Published 15 Feb, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (February 14, 2017).

Published 15 Feb, 2017 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Tuesday (February 14, 2017).

Published 15 Feb, 2017 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Tuesday (February 14, 2017).

Published 15 Feb, 2017 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Tuesday (February 14, 2017).

Published 15 Feb, 2017 12:00am
British police make two arrests in Pakistan fixing probe

British police make two arrests in Pakistan fixing probe

British police said Tuesday they had made two arrests in connection with bribery offences as part of an investigation into international cricket match spot-fixing. A statement issued by Britain's National Crime Agency said "two men in their thirties" were
Published 15 Feb, 2017 12:00am
British police make two arrests in Pakistan fixing probe

British police make two arrests in Pakistan fixing probe

British police said Tuesday they had made two arrests in connection with bribery offences as part of an investigation into international cricket match spot-fixing. A statement issued by Britain's National Crime Agency said "two men in their thirties" were
Published 15 Feb, 2017 12:00am
Half-brother of North Korean leader assassinated in Malaysia

Half-brother of North Korean leader assassinated in Malaysia

North Korean female agents using poisoned needles have assassinated the half-brother of the North's leader Kim Jong-Un in Malaysia, South Korean media reported Tuesday. Officials in Seoul and Kuala Lumpur could not confirm the death of Kim Jong-Nam, once
Published 15 Feb, 2017 12:00am
Half-brother of North Korean leader assassinated in Malaysia

Half-brother of North Korean leader assassinated in Malaysia

North Korean female agents using poisoned needles have assassinated the half-brother of the North's leader Kim Jong-Un in Malaysia, South Korean media reported Tuesday. Officials in Seoul and Kuala Lumpur could not confirm the death of Kim Jong-Nam, once
Published 15 Feb, 2017 12:00am
Government fails to contain fiscal deficit in 1HFY17

Government fails to contain fiscal deficit in 1HFY17

The government has been unable to contain the fiscal deficit in the first half of the current fiscal year despite showing a Rs57 billion statistical discrepancy and a Rs42 billion provincial surplus, primarily because of much lower than expected non-tax a
Published 15 Feb, 2017 12:00am
Government fails to contain fiscal deficit in 1HFY17

Government fails to contain fiscal deficit in 1HFY17

The government has been unable to contain the fiscal deficit in the first half of the current fiscal year despite showing a Rs57 billion statistical discrepancy and a Rs42 billion provincial surplus, primarily because of much lower than expected non-tax a
Published 15 Feb, 2017 12:00am
Government fails to contain fiscal deficit in 1HFY17

Government fails to contain fiscal deficit in 1HFY17

The government has been unable to contain the fiscal deficit in the first half of the current fiscal year despite showing a Rs57 billion statistical discrepancy and a Rs42 billion provincial surplus, primarily because of much lower than expected non-tax a
Published 15 Feb, 2017 12:00am
Government releases over Rs3.18 billion as fertiliser subsidy

Government releases over Rs3.18 billion as fertiliser subsidy

The federal government has released an amount of over Rs 3 billion as fertiliser subsidy to the importers and manufacturers. Industry source told Business Recorder on Tuesday that after physical verification form Punjab, the Ministry of National Fo
Published 15 Feb, 2017 12:00am
Government releases over Rs3.18 billion as fertiliser subsidy

Government releases over Rs3.18 billion as fertiliser subsidy

The federal government has released an amount of over Rs 3 billion as fertiliser subsidy to the importers and manufacturers. Industry source told Business Recorder on Tuesday that after physical verification form Punjab, the Ministry of National Fo
Published 15 Feb, 2017 12:00am
Government releases over Rs3.18 billion as fertiliser subsidy

Government releases over Rs3.18 billion as fertiliser subsidy

The federal government has released an amount of over Rs 3 billion as fertiliser subsidy to the importers and manufacturers. Industry source told Business Recorder on Tuesday that after physical verification form Punjab, the Ministry of National Fo
Published 15 Feb, 2017 12:00am
Loan write-off part, parcel of lending business: minister

Loan write-off part, parcel of lending business: minister

Amid objections by lawmakers for writing off loans of the rich of the country, the Senate was informed on Tuesday that as many as 19 banks out of 34 have written off principal amount of Rs4,653 million out of loans granted since March 2010.
Published 15 Feb, 2017 12:00am
Loan write-off part, parcel of lending business: minister

Loan write-off part, parcel of lending business: minister

Amid objections by lawmakers for writing off loans of the rich of the country, the Senate was informed on Tuesday that as many as 19 banks out of 34 have written off principal amount of Rs4,653 million out of loans granted since March 2010.
Published 15 Feb, 2017 12:00am
Loan write-off part, parcel of lending business: minister

Loan write-off part, parcel of lending business: minister

Amid objections by lawmakers for writing off loans of the rich of the country, the Senate was informed on Tuesday that as many as 19 banks out of 34 have written off principal amount of Rs4,653 million out of loans granted since March 2010.
Published 15 Feb, 2017 12:00am
Yellen brushes off warning, says Fed has authority on global talks

Yellen brushes off warning, says Fed has authority on global talks

Federal Reserve Chair Janet Yellen, in response to a warning from a US congressman to halt global regulatory talks in the early stages of Donald Trump's presidency, said in a letter the Fed has the authority and responsibility to consult with its foreign
Published 15 Feb, 2017 12:00am
Yellen brushes off warning, says Fed has authority on global talks

Yellen brushes off warning, says Fed has authority on global talks

Federal Reserve Chair Janet Yellen, in response to a warning from a US congressman to halt global regulatory talks in the early stages of Donald Trump's presidency, said in a letter the Fed has the authority and responsibility to consult with its foreign
Published 15 Feb, 2017 12:00am
Yellen brushes off warning, says Fed has authority on global talks

Yellen brushes off warning, says Fed has authority on global talks

Federal Reserve Chair Janet Yellen, in response to a warning from a US congressman to halt global regulatory talks in the early stages of Donald Trump''s presidency, said in a letter the Fed has the authority and responsibility to consult with its foreign
Published 15 Feb, 2017 12:00am
Trump security aide Flynn resigns over Russian contacts

Trump security aide Flynn resigns over Russian contacts

President Donald Trump's national security adviser, Michael Flynn, resigned late on Monday after revelations that he had discussed U.S. sanctions on Russia with the Russian ambassador to the United States before Trump took office and misled Vice President
Published 15 Feb, 2017 12:00am
Trump security aide Flynn resigns over Russian contacts

Trump security aide Flynn resigns over Russian contacts

President Donald Trump's national security adviser, Michael Flynn, resigned late on Monday after revelations that he had discussed U.S. sanctions on Russia with the Russian ambassador to the United States before Trump took office and misled Vice President
Published 15 Feb, 2017 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 15 Feb, 2017 12:00am
Decision on regulators termed violation of constitution

Decision on regulators termed violation of constitution

A Senate panel on Tuesday said that placing regulatory authorities under the line ministries without seeking approval from Council of Common Interests (CCI) is sheer violation of the Constitution while it is against the concept of regulatory authorities.
Published 15 Feb, 2017 12:00am
Decision on regulators termed violation of constitution

Decision on regulators termed violation of constitution

A Senate panel on Tuesday said that placing regulatory authorities under the line ministries without seeking approval from Council of Common Interests (CCI) is sheer violation of the Constitution while it is against the concept of regulatory authorities.
Published 15 Feb, 2017 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 15 Feb, 2017 12:00am
Irshad made Chairman FBR/Secretary Revenue Division

Irshad made Chairman FBR/Secretary Revenue Division

Dr Muhammad Irshad has assumed the charge of the post of the Chairman FBR/Secretary Revenue Division with effect from February 14, 2017.According to a notification issued by the FBR here on Tuesday, in pursuance of Establishment Division's notification No
Published 15 Feb, 2017 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 15 Feb, 2017 12:00am
Irshad made Chairman FBR/Secretary Revenue Division

Irshad made Chairman FBR/Secretary Revenue Division

Dr Muhammad Irshad has assumed the charge of the post of the Chairman FBR/Secretary Revenue Division with effect from February 14, 2017.According to a notification issued by the FBR here on Tuesday, in pursuance of Establishment Division's notification No
Published 15 Feb, 2017 12:00am
BOARD MEETINGS
Cotton

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 15 Feb, 2017 12:00am
Irshad made Chairman FBR/Secretary Revenue Division

Irshad made Chairman FBR/Secretary Revenue Division

Dr Muhammad Irshad has assumed the charge of the post of the Chairman FBR/Secretary Revenue Division with effect from February 14, 2017.According to a notification issued by the FBR here on Tuesday, in pursuance of Establishment Division''s notification N
Published 15 Feb, 2017 12:00am
Selling pressure sets in

Selling pressure sets in

Pakistan Stock Exchange (PSX) Tuesday witnessed selling pressure due to investor concerns over the security situation after a terrorist attack in Lahore. The benchmark KSE-100 index declined by 197.72 points to close at 49,767.91 points.
Published 15 Feb, 2017 12:00am
Selling pressure sets in

Selling pressure sets in

Pakistan Stock Exchange (PSX) Tuesday witnessed selling pressure due to investor concerns over the security situation after a terrorist attack in Lahore. The benchmark KSE-100 index declined by 197.72 points to close at 49,767.91 points.
Published 15 Feb, 2017 12:00am
Selling pressure sets in

Selling pressure sets in

Pakistan Stock Exchange (PSX) Tuesday witnessed selling pressure due to investor concerns over the security situation after a terrorist attack in Lahore. The benchmark KSE-100 index declined by 197.72 points to close at 49,767.91 points.
Published 15 Feb, 2017 12:00am
BRIndex30 falls 70.11 points

BRIndex30 falls 70.11 points

On Tuesday, BRIndex30 opened at 28,786.55 points. It touched an intraday high of 28,980.06 points and an intraday low of 28,511.62 points and closed at 28,716.44 points which was -70.11 points or -0.24 percent lower than previous close. Total volume was 1
Published 15 Feb, 2017 12:00am
BRIndex30 falls 70.11 points

BRIndex30 falls 70.11 points

On Tuesday, BRIndex30 opened at 28,786.55 points. It touched an intraday high of 28,980.06 points and an intraday low of 28,511.62 points and closed at 28,716.44 points which was -70.11 points or -0.24 percent lower than previous close. Total volume was 1
Published 15 Feb, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (February 14, 2017).

Published 15 Feb, 2017 12:00am
Army decides to comb South Punjab

Army decides to comb South Punjab

Army Chief General Qamar Javed Bajwa on Tuesday chaired a crucial corps commanders' meeting at General Headquarters Rawalpindi. During the meeting, the army chief was briefed about the suicide blast at Mall Road of Lahore. The Army Chief also approved a c
Published 15 Feb, 2017 12:00am
Army decides to comb South Punjab

Army decides to comb South Punjab

Army Chief General Qamar Javed Bajwa on Tuesday chaired a crucial corps commanders' meeting at General Headquarters Rawalpindi. During the meeting, the army chief was briefed about the suicide blast at Mall Road of Lahore. The Army Chief also approved a c
Published 15 Feb, 2017 12:00am
Afghan President condoles

Afghan President condoles

Afghan President Ashraf Ghani telephoned Prime Minister Nawaz Sharif and expressed condolences over loss of life in yesterday's Lahore terrorist attack. Prime Minister Nawaz Sharif has stated that terrorism is a common enemy of both States and such coward
Published 15 Feb, 2017 12:00am
Afghan President condoles

Afghan President condoles

Afghan President Ashraf Ghani telephoned Prime Minister Nawaz Sharif and expressed condolences over loss of life in yesterday's Lahore terrorist attack. Prime Minister Nawaz Sharif has stated that terrorism is a common enemy of both States and such coward
Published 15 Feb, 2017 12:00am
China ready to enhance cooperation against terrorism

China ready to enhance cooperation against terrorism

China on Tuesday highly commended the tremendous efforts made by Pakistan to fight terrorism and offered to further enhance its co-operation with Pakistan to completely wipe out this menace. "We highly appreciate the tremendous efforts made by Pakistan to
Published 15 Feb, 2017 12:00am
THE RUPEE: rates unmoved
Currency

THE RUPEE: rates unmoved

A kind of stability prevailed on the money market on Tuesday as the rupee held overnight levels in terms of the dollar in the process of trading, dealers said. The rupee showed no change versus the dollar for buying and selling at Rs 104.81 and Rs 104.82.
Published 15 Feb, 2017 12:00am
China ready to enhance cooperation against terrorism

China ready to enhance cooperation against terrorism

China on Tuesday highly commended the tremendous efforts made by Pakistan to fight terrorism and offered to further enhance its co-operation with Pakistan to completely wipe out this menace. "We highly appreciate the tremendous efforts made by Pakistan to
Published 15 Feb, 2017 12:00am
THE RUPEE: rates unmoved
Currency

THE RUPEE: rates unmoved

A kind of stability prevailed on the money market on Tuesday as the rupee held overnight levels in terms of the dollar in the process of trading, dealers said. The rupee showed no change versus the dollar for buying and selling at Rs 104.81 and Rs 104.82.
Published 15 Feb, 2017 12:00am
Three Indian soldiers killed in IHK

Three Indian soldiers killed in IHK

Three soldiers and a suspected freedom fighter were killed in a gunbattle in Indian-held Kashmir Tuesday after an army patrol came under fire in the north of the territory, officials said. "Three soldiers were killed during a gunfight with militants that
Published 15 Feb, 2017 12:00am
Three Indian soldiers killed in IHK

Three Indian soldiers killed in IHK

Three soldiers and a suspected freedom fighter were killed in a gunbattle in Indian-held Kashmir Tuesday after an army patrol came under fire in the north of the territory, officials said. "Three soldiers were killed during a gunfight with militants that
Published 15 Feb, 2017 12:00am
Meeting takes up broker default at PSX

Meeting takes up broker default at PSX

A meeting was held Tuesday between the board of directors of Pakistan Stock Exchange Limited (PSX) and a full bench of the Securities and Exchange Commission of Pakistan (SECP) wherein the matter of recent broker default at PSX was discussed in detail.
Published 15 Feb, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (February 14, 2017).

Published 15 Feb, 2017 12:00am
Meeting takes up broker default at PSX

Meeting takes up broker default at PSX

A meeting was held Tuesday between the board of directors of Pakistan Stock Exchange Limited (PSX) and a full bench of the Securities and Exchange Commission of Pakistan (SECP) wherein the matter of recent broker default at PSX was discussed in detail.
Published 15 Feb, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (February 14, 2017).

Published 15 Feb, 2017 12:00am
Meeting takes up broker default at PSX

Meeting takes up broker default at PSX

A meeting was held Tuesday between the board of directors of Pakistan Stock Exchange Limited (PSX) and a full bench of the Securities and Exchange Commission of Pakistan (SECP) wherein the matter of recent broker default at PSX was discussed in detail.
Published 15 Feb, 2017 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Tuesday (February 14, 2017).

Published 15 Feb, 2017 12:00am
HBL declares Rs 34.2 billion profit

HBL declares Rs 34.2 billion profit

HBL on Tuesday declared a consolidated profit after tax of Rs 34.2 billion for the full year 2016, with earnings per share of Rs 23.23. Along with the results, the bank declared a final dividend of Rs 3.50 per share (35%), bringing the total dividend for
Published 15 Feb, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (February 14, 2017).

Published 15 Feb, 2017 12:00am
HBL declares Rs 34.2 billion profit

HBL declares Rs 34.2 billion profit

HBL on Tuesday declared a consolidated profit after tax of Rs 34.2 billion for the full year 2016, with earnings per share of Rs 23.23. Along with the results, the bank declared a final dividend of Rs 3.50 per share (35%), bringing the total dividend for
Published 15 Feb, 2017 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 15 Feb, 2017 12:00am
HBL declares Rs 34.2 billion profit

HBL declares Rs 34.2 billion profit

HBL on Tuesday declared a consolidated profit after tax of Rs 34.2 billion for the full year 2016, with earnings per share of Rs 23.23. Along with the results, the bank declared a final dividend of Rs 3.50 per share (35%), bringing the total dividend for
Published 15 Feb, 2017 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 15 Feb, 2017 12:00am
HBL declares Rs 34.2 billion profit

HBL declares Rs 34.2 billion profit

HBL on Tuesday declared a consolidated profit after tax of Rs 34.2 billion for the full year 2016, with earnings per share of Rs 23.23. Along with the results, the bank declared a final dividend of Rs 3.50 per share (35%), bringing the total dividend for
Published 15 Feb, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (February 14, 2017).

Published 15 Feb, 2017 12:00am
LHC orders sealing of sugar mills if SC order not implemented

LHC orders sealing of sugar mills if SC order not implemented

The Lahore High Court has ordered for sealing three sugar mills of Sharif family if they are still operating despite restraining order of the Supreme Court. The Supreme Court on February 09 had suspended the operation of these sugar mills and had remanded
Published 15 Feb, 2017 12:00am
The Weather

The Weather

The weather report on Tuesday (February 14, 2017) and the forecast for Tuesday (January 10, 2017).

Published 15 Feb, 2017 12:00am
LHC orders sealing of sugar mills if SC order not implemented

LHC orders sealing of sugar mills if SC order not implemented

The Lahore High Court has ordered for sealing three sugar mills of Sharif family if they are still operating despite restraining order of the Supreme Court. The Supreme Court on February 09 had suspended the operation of these sugar mills and had remanded
Published 15 Feb, 2017 12:00am
LHC orders sealing of sugar mills if SC order not implemented

LHC orders sealing of sugar mills if SC order not implemented

The Lahore High Court has ordered for sealing three sugar mills of Sharif family if they are still operating despite restraining order of the Supreme Court. The Supreme Court on February 09 had suspended the operation of these sugar mills and had remanded
Published 15 Feb, 2017 12:00am
LHC orders sealing of sugar mills if SC order not implemented

LHC orders sealing of sugar mills if SC order not implemented

The Lahore High Court has ordered for sealing three sugar mills of Sharif family if they are still operating despite restraining order of the Supreme Court. The Supreme Court on February 09 had suspended the operation of these sugar mills and had remanded
Published 15 Feb, 2017 12:00am
Dawn leaks: body to conclude proceedings in 10 days

Dawn leaks: body to conclude proceedings in 10 days

The Lahore High Court on Tuesday adjourned to March 15 the proceedings in a petition in relation to a committee holding an inquiry into Dawn leaks as law officer informed the court that the committee would conclude its proceedings within 10 days.
Published 15 Feb, 2017 12:00am
Dawn leaks: body to conclude proceedings in 10 days

Dawn leaks: body to conclude proceedings in 10 days

The Lahore High Court on Tuesday adjourned to March 15 the proceedings in a petition in relation to a committee holding an inquiry into Dawn leaks as law officer informed the court that the committee would conclude its proceedings within 10 days.
Published 15 Feb, 2017 12:00am
Incoming leader of India's Tamil Nadu state jailed

Incoming leader of India's Tamil Nadu state jailed

India's Supreme Court jailed the anointed next leader of Tamil Nadu for four years for corruption Tuesday, heightening the turmoil in a state still reeling from the death of its long-time matriarch. VK Sasikala was ordered to surrender to prison authoriti
Published 15 Feb, 2017 12:00am
Incoming leader of India's Tamil Nadu state jailed

Incoming leader of India's Tamil Nadu state jailed

India's Supreme Court jailed the anointed next leader of Tamil Nadu for four years for corruption Tuesday, heightening the turmoil in a state still reeling from the death of its long-time matriarch. VK Sasikala was ordered to surrender to prison authoriti
Published 15 Feb, 2017 12:00am
Inking an 'economic charter'

Inking an 'economic charter'

The present government has talked about building consensus on "charter of economy" a number of times. Addressing the business community on 10th February, 2017, Special Assistant to Prime Minister on Revenue, Haroon Akhtar again asked the opposition partie
Published 15 Feb, 2017 12:00am
Carnage in Lahore

Carnage in Lahore

The terrorists have struck again, this time in Lahore. Last month they targeted a market in Parachinar killing some three dozen people, smashing the myth that following extensive anti-terrorism campaigns they are on the run. They may have run away from so
Published 15 Feb, 2017 12:00am
Unjust economy

Unjust economy

Our official economic managers led by their political bosses are painting a highly alluring picture of the economy five, 10 or 25 years hence. On the other hand, most of our independent economists seem extremely worried about the current state of economy.
Published 15 Feb, 2017 12:00am
Pakistan 2050: the future is bright

Pakistan 2050: the future is bright

PcW's 2017 report on global economic order change by 2050 has brought sunshine to the dark corners of our home. Future is bright. By 2050 Pakistan is projected to be the world's 16th largest economy, frog-leaping such luminaries as South Korea, Italy, Can
Published 15 Feb, 2017 12:00am
Thailand's new king shows his strength

Thailand's new king shows his strength

From requiring constitutional changes to pushing for unity in the divided country and reshaping the royal household, Thailand's new king is putting an assertive stamp on his rule. King Maha Vajiralongkorn has made it clear to the generals running the coun
Published 15 Feb, 2017 12:00am
Qatar to host World Cup

Qatar to host World Cup

This is apropos aBusiness Recorder news item "Qatar spending $500m a week on World Cup projects" carried by the newspaper on February 9. According to it, High spending World Cup 2022 hosts Qatar are splurging almost $ 500 million every week on majo
Published 15 Feb, 2017 12:00am
Pakistan deplores latest missile tests by North Korea

Pakistan deplores latest missile tests by North Korea

Pakistan on Tuesday deplored the latest missile tests by North Korea and urged the country to refrain from any step that undermines the prospects of regional peace. "The latest missile test conducted by the Democratic People's Republic of Korea (DPRK) is
Published 15 Feb, 2017 12:00am
US Naval forces join AMAN-17 exercises

US Naval forces join AMAN-17 exercises

US Naval and Coast Guard forces joined military counterparts from Pakistan and more than 35 other countries in the AMAN 17 exercises in Karachi, from February 10 to 14. AMAN 17 is a Pakistani-led, multilateral exercise held biennially in Karachi and in th
Published 15 Feb, 2017 12:00am
War on terror to be taken to its logical end: Prime Minister

War on terror to be taken to its logical end: Prime Minister

A high-level meeting chaired by Prime Minister Nawaz Sharif was held in Lahore on Tuesday to review law and order situation in the wake of Monday's bombing outside Punjab Assembly. The higher security officials briefed the PM over security situation. The
Published 15 Feb, 2017 12:00am
War on terror to be taken to its logical end: Prime Minister

War on terror to be taken to its logical end: Prime Minister

A high-level meeting chaired by Prime Minister Nawaz Sharif was held in Lahore on Tuesday to review law and order situation in the wake of Monday's bombing outside Punjab Assembly. The higher security officials briefed the PM over security situation. The
Published 15 Feb, 2017 12:00am
Zarb-e-Azb to continue till complete wipe out of terrorism: Mamnoon

Zarb-e-Azb to continue till complete wipe out of terrorism: Mamnoon

President Mamnoon Hussain has said that operation Zarb-e-Azb and other counterterrorism activities would continue till complete annihilation of terrorism from the country. The President expressed these views while addressing the prize distribution ceremon
Published 15 Feb, 2017 12:00am
KP proposes inclusion of 17 hydel projects in CPEC: minister

KP proposes inclusion of 17 hydel projects in CPEC: minister

The provincial government of Khyber Pakhtunkhwa has proposed the inclusion of 17 hydel power projects of 2825 Mega Watt in CPEC and the KP govt has hired consultant for 300 Mega Watt Balakot Hydel Power Project to be launched with the support of Asian Dev
Published 15 Feb, 2017 12:00am
Jhagra inaugurates tree plantation campaign

Jhagra inaugurates tree plantation campaign

KP Governor Engineer Iqbal Zafar Jhagra has said that to ease the effects of climate changes, there is a dire need to promote afforestation to ensure safe future for the coming generations. He stated this while inaugurating the Spring Tree Plantation camp
Published 15 Feb, 2017 12:00am
Zardari for early implementation of reforms in Fata

Zardari for early implementation of reforms in Fata

Former President and head of the Pakistan People's Party Parliamentarians Asif Ali Zardari has expressed grave concern over reports that the government has shelved FATA reforms proposals; and called for early implementation political reforms to give its p
Published 15 Feb, 2017 12:00am
CEIF holds training on Islamic Finance

CEIF holds training on Islamic Finance

The Centre for Excellence in Islamic Finance (CEIF), IMSciences Peshawar organised one-day training on the "Training Methods for Islamic Finance." Around 21 participants from various financial institutions including The Bank of Khyber, Al-Baraka Bank, Ban
Published 15 Feb, 2017 12:00am
41 sites for establishment of SEZs identified, NA body told

41 sites for establishment of SEZs identified, NA body told

Board of Investment on Tuesday informed the National Assembly Standing Committee on Planning, Development and Reforms that a total of 41 sites have been identified for establishment of Special Economic Zones in consultation with all provinces. The committ
Published 15 Feb, 2017 12:00am
CNG outlets: Senate panel asks government to recover Rs 12 billion dues

CNG outlets: Senate panel asks government to recover Rs 12 billion dues

The Senate Special Committee on Gas Infrastructure Development Cess (GIDC) has recommended to the government to recover an outstanding amount of Rs12 billion against the Compressed Natural Gas (CNG) stations. The committee held an in camera meeting here T
Published 15 Feb, 2017 12:00am
KP police reviews security of vulnerable places

KP police reviews security of vulnerable places

In the wake of Lahore terror incident, an all Regional Police Officers Conference was held in Central Police Office Peshawar on Tuesday under the chairmanship of Inspector General of Police (IGP) Khyber Pakhtunkhwa, Nasir Khan Durrani. Additional IGP Head
Published 15 Feb, 2017 12:00am
8,781 parents refuse to administer IPV to children

8,781 parents refuse to administer IPV to children

The parents of 8,781 children in district Peshawar have refused the administering IPV (inactivated polio vaccine) to their children and the district administration had warned them of taking against them under 3 MPO. This was stated by Acting Deputy Commis
Published 15 Feb, 2017 12:00am
Tigers' population

Tigers' population

Number of tigers in Lahore Safari Zoo has increased to 28 from 23 after birth of five cubs to two tigresses.
Published 15 Feb, 2017 12:00am
'New ideas of young students to be marketed'

'New ideas of young students to be marketed'

Punjab Higher Education Commission Chairman Professor Dr Nizamuddin has said that new ideas of young students would be marketed and the culture of entrepreneurship would be promoted in order to make degree holders job creators rather than job seekers. He
Published 15 Feb, 2017 12:00am
FCCI chief condemns Lahore attack

FCCI chief condemns Lahore attack

President Faisalabad Chamber of Commerce and Industry (FCCI) Muhammad Saeed Sheikh has expressed deep sense of sorrow and grief over the Lahore carnage where senior police officers were martyred along with many civilians.
Published 15 Feb, 2017 12:00am
KP shortlists projects for showcasing in Beijing Road Show

KP shortlists projects for showcasing in Beijing Road Show

Special Assistant to KP Chief Minister, Abdul Karim Khan has said that projects for showcasing in Beijing Road Show regarding China Pakistan Economic Corridor (CPEC) have been short-listed. For this purpose, Industries & Technical Education, Information T
Published 15 Feb, 2017 12:00am
Government celebrating on false economy reports: Mandviwala

Government celebrating on false economy reports: Mandviwala

PPP Senator Saleem Mandviwalla said, "PML-N is celebrating on baseless, false and unrealistic reports of the economy. People are being fooled by showing absurd reports. The ruling party is masking the economic realities of the country through propaganda."
Published 15 Feb, 2017 12:00am
Mayor asks HoDs to be punctual or face the music

Mayor asks HoDs to be punctual or face the music

Karachi mayor Waseem Akhtar on Tuesday once again warned departmental heads of the Karachi Metropolitan Corporation (KMC) to ensure timely presence at offices, or else, they would be removed from the posts. Presiding over a meeting of the KMC departmental
Published 15 Feb, 2017 12:00am
MQM-P leaders urge Sindh government to resolve HDA, WASA issues

MQM-P leaders urge Sindh government to resolve HDA, WASA issues

Muttahida Qaumi Movement, Pakistan's (MQM-P) MNA from Hyderabad, Syed Waseem Hussain, MPA Sabbir Hussain Qaimkhani and Rana Ansari have demanded from Sindh Government to resolve the issues of HDA and WASA so that they could start supplying water and offer
Published 15 Feb, 2017 12:00am
MQM MPA Kamran Farooqi indicted

MQM MPA Kamran Farooqi indicted

MQM's Member Provincial Assembly Kamran Farooqi was indicted by the Anti-Terrorism Court (ATC) in arms and explosive materials case after the submission of the challan. Kamran Farooqi denied the accusations and pleaded that the charges against him should
Published 15 Feb, 2017 12:00am
KP CM offers hydel, gas, solar energy sectors to Chinese investors

KP CM offers hydel, gas, solar energy sectors to Chinese investors

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has offered the Chinese investors to invest in the natural advantages, the province of KP offered in hydel, gas and solar energy and mining sectors adding that new roads connecting Pakistan with China and C
Published 15 Feb, 2017 12:00am
Rs 11 million given away as tips!

Rs 11 million given away as tips!

The parliamentary oversight committee on public accounts was shocked to learn that a chief protocol officer of Ministry of Foreign Affairs had spent Rs10.880 million from the public exchequer on account of tips in foreign restaurants and hotels during the
Published 15 Feb, 2017 12:00am
PHP takes action against criminals

PHP takes action against criminals

Punjab Highway Patrol (PHP) took action against criminals, recovered 22 batteries of Telenor tower worth Rs 31,56,000 as well as arrested 95 culprits: In details; PHP team Ahsan Shaheed received a call that some culprits are fleeing away after stealing 22
Published 15 Feb, 2017 12:00am
Indian diplomat summoned over LoC violation

Indian diplomat summoned over LoC violation

Pakistan summoned top Indian diplomat on Tuesday and lodged a strong protest over the ceasefire violation on Line of Control (LoC) resulted in loss of 3 soldiers. According to Foreign Office Spokesperson Nafees Zakaria, the Director General South Asia and
Published 15 Feb, 2017 12:00am
Law and order: Terrorist attack in Punjab exposes tall claims: Siraj

Law and order: Terrorist attack in Punjab exposes tall claims: Siraj

Emir Jamaat-e-Islami, Senator Sirajul Haq Tuesday said that a recent major terrorist attack in the capital of Punjab has exposed the failure of incumbent government in the protection of life and property of masses. Talking to the media persons outside the
Published 15 Feb, 2017 12:00am
40th Texworld opens in Paris

40th Texworld opens in Paris

The 40th edition of Texworld opened its doors in Paris, France from 06 to 09 February 2017. Combined with Apparel Sourcing a total of 996 exhibitors and 13,000 visitors from 100 countries participated. The Fair displayed a global range of fashion products
Published 15 Feb, 2017 12:00am
Shehbaz visits SGRH

Shehbaz visits SGRH

Punjab Chief Minister Muhammad Shehbaz Sharif on Tuesday visited Sir Ganga Ram Hospital (SGRH) and spoke to the civilians and police officials injured in Lahore suicide blast on Monday and inquired about their health. Shehbaz visited different wards and w
Published 15 Feb, 2017 12:00am
Neurologists demand trained doctors, free medicines to epileptics

Neurologists demand trained doctors, free medicines to epileptics

Thousands of people in Pakistan who suffer epilepsy turn mentally or physically handicapped every year due to lack of proper treatment of their neurological condition despite the fact that it is quite treatable. "Use of relevant medicines can help cure su
Published 15 Feb, 2017 12:00am
WEBCOP and FES to enhance cooperation

WEBCOP and FES to enhance cooperation

"Friedrich Ebert Stiftung (FES) will continue to provide technical and financial support and guidance to Workers Employers Bilateral Council of Pakistan (WEBCOP) and will work closely in matters related to labour legislation after 18th Amendment, CPEC, an
Published 15 Feb, 2017 12:00am
JI women wing condemns Lahore blast

JI women wing condemns Lahore blast

Secretary General Jamaat-e-Islami (JI) Women Wing Durdana Siddiqui has strongly condemned the incident of bomb blast in Lahore. She has expressed sorrow and grief over the martyrdom of the innocent people and police officers. "We are with the families of
Published 15 Feb, 2017 12:00am
6th UBL Literary Awards held

6th UBL Literary Awards held

The 6th UBL Literary Awards 2016 were held at the Beach Luxury Hotel in Karachi on Saturday, 11 February 2017. The awards were held in conjunction with the 8th Karachi Literature Festival. Celebrating the literary efforts of Pakistani writers, UBL, Pakist
Published 15 Feb, 2017 12:00am
Readymade garments export increases by six percent

Readymade garments export increases by six percent

Export of readymade garments increased to $1.101 billion, up by 6 percent in the first 6 months of this fiscal year, official figures say. Increase in export of garment textile stands at over $61 million in July-December 2017 from $1.040 billion in July-D
Published 15 Feb, 2017 12:00am
PHMA team to visit Italy

PHMA team to visit Italy

A delegation Pakistan Hosiery Manufacturers and Exporters Association (PHMA) will visit Italy next month and necessary arrangements are being finalised in this regards. Sources in PHMA toldBusiness Recorder here on Tuesday that Embassy of Pakistan
Published 15 Feb, 2017 12:00am
Kashmir inspired 'Paradise on Earth' exhibition opens

Kashmir inspired 'Paradise on Earth' exhibition opens

A preview of the exhibition 'Paradise on Earth: Manuscripts, Miniatures and Mendicants from Kashmir' held on Sunday at Mohatta Palace Museum. The exhibition was inaugurated by President of Azad Jammu and Kashmir Sardar Masood Khan paying tribute to the pe
Published 15 Feb, 2017 12:00am
Charity-based DHA School Phase-VIII refurbished

Charity-based DHA School Phase-VIII refurbished

Defense Authority High School Phase-VIII is a charity based high school run by DHA to provide quality education to the underprivileged children of the area. The school was in a dilapidated condition and had virtually become a sarcastic symbol of ignored a
Published 15 Feb, 2017 12:00am
Ayyan seeks SC directives for removal of name from ECL

Ayyan seeks SC directives for removal of name from ECL

Filing contempt plea in the Supreme Court on Tuesday, Supermodel Ayyan Ali sought directives for removal of her name from the Exit Control List (ECL). Making Federal Interior Secretary Arif Ahmed Khan respondent in contempt petition under Article 204 of t
Published 15 Feb, 2017 12:00am
VP HCCI voices concern over contaminated water supply

VP HCCI voices concern over contaminated water supply

Senior Vice President of Hyderabad Chamber of Commerce and Industry, Turab Ali Khoja while expressing grave concern over supply of contaminated water has urged the officials concerned to ensure provision of clean and safe water. He said that the citizens
Published 15 Feb, 2017 12:00am
SC turns down bail plea of Khalid Langov

SC turns down bail plea of Khalid Langov

The Supreme Court on Tuesday turned down bail plea of former finance advisor to chief minister Balochistan, Khalid Langov, in a corruption case. Expressing dismay over the lacklustre performance of top anti-graft body in the matter, a three-judge bench le
Published 15 Feb, 2017 12:00am
Six killed, 16 injured in accident

Six killed, 16 injured in accident

Six people died while 16 others were injured when a passenger coach overturned near Sassi Toll Plaza on the National Highway here on Tuesday morning. Two women are among the dead. According to rescue officials, the injured people have been shifted to hosp
Published 15 Feb, 2017 12:00am
UAE lifts ban on poultry import from Pakistan

UAE lifts ban on poultry import from Pakistan

United Arab Emirates (UAE) has lifted eight years ban on import of poultry from Pakistan. This was announced by Ministry of Commerce after receipt of formal communications of lifting of ban. Pakistan Poultry Association held meetings with the Commerce Min
Published 15 Feb, 2017 12:00am
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