News Archives for Print - 2014-04-30 - Business Recorder

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Print - 2014-04-30

Disconnection of power supply, prolonged outages: Sindh will take up issue with federal government at CCI meeting: chief minister

Disconnection of power supply, prolonged outages: Sindh will take up issue with federal government at CCI meeting: chief minister

Voicing serious concern over severing of power connections of public and prolonged and unannounced load-shedding continuing unabated in the current hot and humid weather, Sindh Chief Minister Syed Qaim Ali Shah on Tuesday told the provincial assembly that

Published 30 Apr, 2014 12:00am

OIC to establish one global Halal standard

OIC to establish one global Halal standard

OIC (Organisation of Islamic Co-operation), the international body representing all Muslim countries of the world took the initiative to establish one Halal standard throughout the world; this was announced by Secretary General, Halal Association of Pakis

Published 30 Apr, 2014 12:00am

District to emerge as real 'Hub of Power': mining activity at Thar coal project begins after two decades

District to emerge as real 'Hub of Power': mining activity at Thar coal project begins after two decades

After a long wait of almost two decades, since discovery of Thar Coal deposits - seventh largest coal reserves in 1991 by Geological Survey of Pakistan (GSP) and the United State Agency for International Development, mining activity for overburden removal

Published 30 Apr, 2014 12:00am

1800cc or above high-end vehicles: auto industry seeks withdrawal of FED

1800cc or above high-end vehicles: auto industry seeks withdrawal of FED

The local auto industry has asked the government to withdraw Federal Excise Duty (FED) on locally manufactured 1800cc or above vehicles to help the consumer benefit from high-end vehicles at reasonable prices.

Published 30 Apr, 2014 12:00am

Telenor talkshawk: Xpress Money, Easypaisa offer special weekly mobile bundle

Telenor talkshawk: Xpress Money, Easypaisa offer special weekly mobile bundle

Xpress Money, the world's most dependable money transfer brand, in association with Easypaisa in Pakistan, has announced a special weekly mobile bundle offer which provides free talk time, SMS and internet on each transaction, for Telenor talkshawk custom

Published 30 Apr, 2014 12:00am

Partly Facetious: There're also shades of grey

Partly Facetious: There're also shades of grey

"Wonders of wonders!"

Published 30 Apr, 2014 12:00am

PLO-Hamas deal

PLO-Hamas deal

Apropos 'PLO-Hamas reconciliation', carried by Business Recorder on April 26, one needs to summarise the situation in one line: PLO and Hamas gain sanity at last. The PLO-Hamas deal came less than a week short of the April 29 deadline for the US-br

Published 30 Apr, 2014 12:00am

EU, US in cautious lockstep on Russia sanctions

EU, US in cautious lockstep on Russia sanctions

The United States has been moving cautiously in slapping sanctions on Russia over the Ukraine crisis, keen to keep its EU allies on board and avoid exposing fault lines within the European bloc, analysts say. Washington on Monday unveiled a raft of new sa

Published 30 Apr, 2014 12:00am

'Left behind' workers desert EU socialists for populists

'Left behind' workers desert EU socialists for populists

With his square-jawed good looks, easy smile and way with words, Edouard Martin could have been a Hollywood movie star. But the steel worker and trade union activist who confronted Presidents Nicolas Sarkozy and Francois Hollande to defend jobs at a doome

Published 30 Apr, 2014 12:00am

Towards solar roofs

Towards solar roofs

In urban areas, there is generally no land for ground-mounted systems and if there is some, its actual or opportunity cost may be prohibitive. Urban areas are full of roofs which are generally unutilised and are available as free spaces. There are three t

Published 30 Apr, 2014 12:00am

BSO-Azad Chairman: HRCP concerned over disappearance

BSO-Azad Chairman: HRCP concerned over disappearance

The Human Rights Commission of Pakistan (HRCP) has expressed serious alarm at the disappearance of Baloch Student Organisation-Azad (BSO-Azad) Chairman Zahid Baloch, who was picked up in Quetta last month, and demanded his safe and immediate release. In a

Published 30 Apr, 2014 12:00am

Khyber Pakhtunkhwa to establish 350 small hydel power stations: Khattak

Khyber Pakhtunkhwa to establish 350 small hydel power stations: Khattak

KP Chief Minister Pervez Khattak has said that for arresting energy crisis the provincial government has framed a comprehensive policy. Under the policy, he said the provincial government will establish 350 small hydel power stations in the northern distr

Published 30 Apr, 2014 12:00am

Gang involved in mega tax fraud busted

Gang involved in mega tax fraud busted

The Directorate of Intelligence & Investigation Inland Revenue (IR), Faisalabad on Tuesday busted another organised gang involved in mega tax fraud and registration of fake /dummy units within the textile sector. Sources said on Tuesday that a comprehensi

Published 30 Apr, 2014 12:00am

National Assembly body resents absence of PIA chief, other officials

National Assembly body resents absence of PIA chief, other officials

National Assembly's standing committee on Parliamentary Affairs has expressed resentment over the absence of Pakistan International Airlines (PIA) chairman and denial by the national flag carrier for provision of traveller cards, instead of air tickets to

Published 30 Apr, 2014 12:00am

Infants Hajj charges fixed at Rs 11,920: notification issued

Infants Hajj charges fixed at Rs 11,920: notification issued

The successful parents will pay Hajj dues ranging from Rs 10,920 to Rs 11,920 for accompanying infants to Hajj 2014. According to a notification issued by Ministry of Religious Affairs and Interfaith Harmony, Rs 10,920 has been fixed as Hajj dues for the

Published 30 Apr, 2014 12:00am

Abu Dhabi refuses to hand over absconders: Supreme Court told

Abu Dhabi refuses to hand over absconders: Supreme Court told

The Supreme Court was informed on Tuesday that Abu Dhabi has refused to accept Pakistan's extradition plea for handing over two absconders implicated in the assassination of former Pakistan Bar Council (PBC) Advocate Nasrullah Warraich in Lahore in 2012.

Published 30 Apr, 2014 12:00am

Overseas Pakistanis are ambassadors: chief minister Punjab

Overseas Pakistanis are ambassadors: chief minister Punjab

Punjab Chief Minister Muhammad Shahbaz Sharif has said that overseas Pakistani are the ambassadors of the country and Punjab government has decided to set up a fully empowered commission for the solution of their problems. "Pakistanis living in different

Published 30 Apr, 2014 12:00am

Message on Youm-e-Shuhada: nation stands behind armed forces, says Prime Minister

Message on Youm-e-Shuhada: nation stands behind armed forces, says Prime Minister

Prime Minister Nawaz Sharif has said that the entire nation is standing behind their valiant armed forces to fulfil the sacred mission of defence of Pakistan. "The mutual relations of our armed forces and people for stability of country's defence will not

Published 30 Apr, 2014 12:00am

Returning to same page

Returning to same page

Two months on the much vaunted peace talks with Taliban are leading nowhere, an anxiety that must have pushed the prime minister to revisit the process. There is not a break in the incidence of either rampant terrorism or any clear move on the part of Teh

Published 30 Apr, 2014 12:00am

Potato puzzle

Potato puzzle

The recent uproar about the steep rise in the prices of potatoes certainly stands to reason because of massive consumption of the commodity in the country, like everywhere else, and its huge impact on the household budgets of ordinary people. Soaring from

Published 30 Apr, 2014 12:00am

LCCI greets newly appointed SBP governor

LCCI greets newly appointed SBP governor

The Lahore Chamber of Commerce and Industry (LCCI) on Tuesday felicitated newly appointed governor of the State Bank of Pakistan Ashraf Mahmood Wathra and hoped that as an experienced economist, he would utilise his best abilities for progress of the nati

Published 30 Apr, 2014 12:00am

FBR holds taxpayers facilitation workshop in Faisalabad

FBR holds taxpayers facilitation workshop in Faisalabad

Facilitation and Taxpayer Education Wing of FBR held a workshop on e-portal services and role & responsibilities of withholding agents at Regional Tax Office (RTO), Faisalabad on Tuesday. Shaukat Mahmood Chief Commissioner RTO Faisalabad hosted the worksh

Published 30 Apr, 2014 12:00am

Research urged to realise objectives of higher education

Research urged to realise objectives of higher education

The speakers in a lecture programme on 'research method' organised by the Department of Political Science, University of Sindh (SU) has stressed the need to conduct a maximum research in every discipline in the universities in order to get the objectives

Published 30 Apr, 2014 12:00am

Ministry asked to hold quota allocation for private Hajj operators

Ministry asked to hold quota allocation for private Hajj operators

A parliamentary panel on Tuesday directed the Ministry of Religious Affairs and Interfaith Harmony (MORA) to temporarily hold Hajj quota allocation of as many as 19 private Hajj operators and sought comprehensive details about the companies' profiles till

Published 30 Apr, 2014 12:00am

Arshad appointed vice chairman FPCCI body

Arshad appointed vice chairman FPCCI body

President, Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Zakaria Usman, has appointed Arshad Tanveer former Vice Chairman APTPMA as Vice Chairman of FPCCI standing committee on Diplomatic Affairs 2014 and senior vice chairman of FPCCI

Published 30 Apr, 2014 12:00am

PFMA calls off strike

PFMA calls off strike

Pakistan Flour Mills Association (PFMA) on Tuesday announced to call off the strike following the government's assurances of accepting its demands. The PFMA's Sindh Chapter's President, Haji Muhammad Yousaf, said that dispute between PFMA and Sindh Food d

Published 30 Apr, 2014 12:00am

$516 million to be paid in a few days: Zong assures new array of services to customers

$516 million to be paid in a few days: Zong assures new array of services to customers

Zong - the Chinese mobile company and winner of the 3G and 4G licenses would pay the license fee amounting to $516 million in next few days and is all set to launch the services soon after getting licenses from Pakistan Telecommunication Authority (PTA).

Published 30 Apr, 2014 12:00am

LUMHS to set up Institute of Pharmacy

LUMHS to set up Institute of Pharmacy

The Vice Chancellor LUMHS Professor Noshad A Shaikh has announced to establish a state of the art "Institute of Pharmacy" at Liaquat University of Medical & Health Sciences Jamshoro which shall be inaugurated in the month of August, 2014 and the first bat

Published 30 Apr, 2014 12:00am

PSO records Rs 1.02 trillion sales revenue

PSO records Rs 1.02 trillion sales revenue

The Board of Management (BoM) of Pakistan State Oil Company Limited (PSOCL) convened on Tuesday at the PSO headquarters, to review the company's performance for the nine months period ended March 31, 2014. In the period under review, PSO's sales revenue c

Published 30 Apr, 2014 12:00am

PSO records Rs 1.02 trillion sales revenue

PSO records Rs 1.02 trillion sales revenue

The Board of Management (BoM) of Pakistan State Oil Company Limited (PSOCL) convened on Tuesday at the PSO headquarters, to review the company's performance for the nine months period ended March 31, 2014. In the period under review, PSO's sales revenue c

Published 30 Apr, 2014 12:00am

FED recovery exercise: LTU Karachi begins serving notices to services sectors

FED recovery exercise: LTU Karachi begins serving notices to services sectors

Large Taxpayers Unit (LTU), Karachi has started issuing notices to banks, ports, terminal operators, foreign franchises, insurance, corporate and asset management companies under section 3 of Federal Excise Act 2005; it is learnt here on Tuesday.

Published 30 Apr, 2014 12:00am

58 alleged criminals held during 24 hours

58 alleged criminals held during 24 hours

Karachi police on Monday claimed to have arrested around 58 alleged criminals in different targeted raids conducted in various parts of metropolis during last 24 hours. Police claimed to have conducted 80 targeted raids and an encounter against criminals

Published 30 Apr, 2014 12:00am

KTBA seeks time extension in ST incentive package

KTBA seeks time extension in ST incentive package

Karachi Tax Bar Association (KTBA) has requested to extend time in sales tax incentive package announced by the Sindh government. In a letter sent to Chief Minister, Syed Qaim Ali Shah, KTBA said an incentive Package, which was announced after a detailed

Published 30 Apr, 2014 12:00am

Issuance of ST recovery notices: PYMA concerned over empowering FBR officials

Issuance of ST recovery notices: PYMA concerned over empowering FBR officials

Chairman, Pakistan Yarn Merchants Association (PYMA), Kurshid Shaikh, has expressed concern over Federal Board of Revenue's (FBR) 'unjust decision' notified vide SRO 1125(1)/2011 and SRO 682 (1)/2013 which empowers FBR officials to issue notices to the te

Published 30 Apr, 2014 12:00am

Recovery of missing persons protest camp: police action against protestors widely condemned

Recovery of missing persons protest camp: police action against protestors widely condemned

Politicians belonging to different political parties have strongly condemned the recent police action against those demonstrating for the recovery of their loved ones in the federal capital. They termed the police action as inhuman and undemocratic, sayin

Published 30 Apr, 2014 12:00am

Three militants killed in Khyber Agency

Three militants killed in Khyber Agency

Three militants were killed and two security personnel injured in a clash in Khyber Agency on Tuesday. Sources said security forces launched an operation on a tip-off about the presence of militants in Khawjal Khel area of Tehsil Landi Kotal. The sources

Published 30 Apr, 2014 12:00am

Newly-inducted ministers, advisers: PTI-led government yet to issue notification

Newly-inducted ministers, advisers: PTI-led government yet to issue notification

Despite passage of about a month, Pakistan Tehrik-e-Insaf-led (PTI) provincial government has failed to issue the notification of its newly-inducted ministers and advisers. Sources within the party confirmed to Business Recorder that Chief Minister

Published 30 Apr, 2014 12:00am

The Weather

The Weather

The weather report on Tuesday (April 29, 2014) and the forecast for Wednesday (April 30, 2014).

Published 30 Apr, 2014 12:00am

Seeks feedbacks from parties, NGOs, CSOs, ministry: ECP drafts second Five-Year Strategic Plan 2014-2018

Seeks feedbacks from parties, NGOs, CSOs, ministry: ECP drafts second Five-Year Strategic Plan 2014-2018

The Election Commission of Pakistan (ECP) has drafted its second Five-Year Strategic Plan 2014-2018 that contains over 160 objectives grouped under 13 broader goals, which the ECP plans to pursue during the next five years from 2014-2018. For devising the

Published 30 Apr, 2014 12:00am

Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (April 29, 2014).

Published 30 Apr, 2014 12:00am

QWP slams PTI for poor performance in Khyber Pakhtunkhwa

QWP slams PTI for poor performance in Khyber Pakhtunkhwa

Qaumi Watan Party (QWP) provincial chairman, Sikandar Khan Sherpao has criticised the PTI-led government for its poor performance during last nine months in the KP. He said this while addressing a press conference at Peshawar Press Club on Tuesday. On the

Published 30 Apr, 2014 12:00am

LME official prices

LME official prices

The following were Monday official prices.

Published 30 Apr, 2014 12:00am

PN ship visits Bulgaria to take part in Black Sea Regatta

PN ship visits Bulgaria to take part in Black Sea Regatta

Pakistan Navy (PN) ship PNS 'Rahnaward' will take part in a race from Varna port, Bulgaria, across the Black Sea to Novorossiysk, Russia from April 30 to May 3. Pakistan Embassy in Bulgaria has made special arrangements for the participation of PN ship in

Published 30 Apr, 2014 12:00am

LME official prices

LME official prices

The following were Monday official prices.

Published 30 Apr, 2014 12:00am

Money utilised by government: PBA seeks KIBOR-based compensation on advance tax

Money utilised by government: PBA seeks KIBOR-based compensation on advance tax

Pakistan Banks Association (PBA) has proposed to the Federal Board of Revenue (FBR) that banks should be given Karachi Inter Bank Offered Rate KIBOR-based compensation on utilisation of banks money by the federal government in the form of 'monthly advance

Published 30 Apr, 2014 12:00am

Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (April 29, 2014).

Published 30 Apr, 2014 12:00am

Money utilised by government: PBA seeks KIBOR-based compensation on advance tax

Money utilised by government: PBA seeks KIBOR-based compensation on advance tax

Pakistan Banks Association (PBA) has proposed to the Federal Board of Revenue (FBR) that banks should be given Karachi Inter Bank Offered Rate KIBOR-based compensation on utilisation of banks money by the federal government in the form of 'monthly advance

Published 30 Apr, 2014 12:00am

Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (April 29, 2014).

Published 30 Apr, 2014 12:00am

Power outages trigger protests across country

Power outages trigger protests across country

Soon after the mercury started soaring, people took to the streets in different parts of the country protesting against prolonged power outages with the gap between supply and demand widening while Water and Power Ministry and its attached organisations a

Published 30 Apr, 2014 12:00am

Lahore Paper Market Rates

Lahore Paper Market Rates

Paper market rates in rupees on Tuesday (April 29, 2014).

Published 30 Apr, 2014 12:00am

Martyrs' Day: Zardari pays tributes to national heroes

Martyrs' Day: Zardari pays tributes to national heroes

Former President Asif Ali Zardari has said the nation salutes its martyrs who laid down their lives in defence of the country. On the eve of martyrs' Day on Wednesday, former President, paying glowing tributes to those who had sacrificed their lives, said

Published 30 Apr, 2014 12:00am

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Tuesday (April 29, 2014).

Published 30 Apr, 2014 12:00am

Government offices still without gas PWD fails to clear outstanding bills

Government offices still without gas PWD fails to clear outstanding bills

Sui Northern Gas Pipelines Limited (SNGPL) on Tuesday avoided restoring gas supply to important federal government departments, as Pakistan Works Department (PWD) failed to pay the outstanding bills of public sector departments, which run into millions of

Published 30 Apr, 2014 12:00am

Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (April 29, 2014).

Published 30 Apr, 2014 12:00am

Tariff increase: Ogra reserves decision on SSGCL plea

Tariff increase: Ogra reserves decision on SSGCL plea

The Oil and Gas Regulatory Authority (Ogra) on Tuesday reserved the decision on Sui Southern Gas Company Limited (SSGCL) request for increase in gas tariff by Rs 51.58 per mmbtu for financial year 2014-15. The Ogra is conducting a public hearing in Karach

Published 30 Apr, 2014 12:00am

Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (April 29, 2014).

Published 30 Apr, 2014 12:00am

'Developing the Future Thinking Utility': Abacus, SAP organise informative session

'Developing the Future Thinking Utility': Abacus, SAP organise informative session

Abacus and SAP organised an informative session on 'Developing the Future-Thinking Utility' at a local hotel. The session offered innovative content and customer case studies for key stakeholders of the various utility companies. During the session, Slawo

Published 30 Apr, 2014 12:00am

Dollar's rate in interbank market

Dollar's rate in interbank market

Interbank closing rates for dollar on Tuesday (April 29, 2014).

Published 30 Apr, 2014 12:00am

Site industrial area faces acute water shortage

Site industrial area faces acute water shortage

The Site industrial area, which houses over 3,000 factories, is facing acute water shortage, resulting in production losses and closure of some units, industrialists said. Industrialists asserted that the problem was not linked to power breakdowns because

Published 30 Apr, 2014 12:00am

Kerb buying and selling rate of US dollar

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Tuesday (April 29, 2014).

Published 30 Apr, 2014 12:00am

Anti-encroachment drive: shopkeepers accuse DMCs of harassment

Anti-encroachment drive: shopkeepers accuse DMCs of harassment

Some officials of District Municipal Corporations (DMCs) are allegedly indulging in loot and plunder in the name of ongoing anti-encroachment campaign in city, it emerged. However, anti-encroachment taskforce of Karachi Metropolitan Corporation (KMC) has

Published 30 Apr, 2014 12:00am

THE RUPEE: dollar gains

THE RUPEE: dollar gains

The rupee could not stand with its counterpart (US dollar) on the local currency market on Tuesday, dealers said. A slight rise in the dollars' demand forced the rupee to drop its appreciation, losing 24-paisa for buying at Rs 98.40 and 26-paisa for selli

Published 30 Apr, 2014 12:00am

Verification of thumbprints: SHC suspends ET Hyderabad order

Verification of thumbprints: SHC suspends ET Hyderabad order

Sindh High Court (SHC) on Tuesday suspended the operation of an order of Hyderabad Election Tribunal for verification of thumbprints on votes cast at 139 polling stations of National Assembly constituency, NA-218, Mitiari, which was won by Pakistan People

Published 30 Apr, 2014 12:00am

THE RUPEE: dollar gains

THE RUPEE: dollar gains

The rupee could not stand with its counterpart (US dollar) on the local currency market on Tuesday, dealers said. A slight rise in the dollars' demand forced the rupee to drop its appreciation, losing 24-paisa for buying at Rs 98.40 and 26-paisa for selli

Published 30 Apr, 2014 12:00am

Five cops martyred, eight injured in Mastung

Five cops martyred, eight injured in Mastung

At least five police personnel including a levies force official were martyred and eight personnel including Assistant Commissioner received injuries in an encounter between the law enforcement men and armed bandits at a bank in Mastung town on Tuesday.

Published 30 Apr, 2014 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (April 29, 2014).

Published 30 Apr, 2014 12:00am

Capacity tax on beverages termed 'discriminatory': Commission refers to policy note by former CCP chairperson

Capacity tax on beverages termed 'discriminatory': Commission refers to policy note by former CCP chairperson

The Economic Commission constituted by Lahore High Court (LHC) on beverage industry has referred to the policy note initiated by former Chairperson Competition Commission of Pakistan (CCP) Rahat Kaunain Hassan to withdraw 'discriminatory' capacity tax on

Published 30 Apr, 2014 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (April 29, 2014).

Published 30 Apr, 2014 12:00am

President summons National Assembly session on May 5

President summons National Assembly session on May 5

The President of Islamic Republic of Pakistan has summoned the Session of the National Assembly on May 5, 2014 at 4:00 pm in the Parliament House. The President has summoned the National Assembly Session in exercise of power conferred by clause (1) of Art

Published 30 Apr, 2014 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (April 29, 2014).

Published 30 Apr, 2014 12:00am

Conventional bank conversion to Islamic: Meezan Bank approves guidelines for conversion

Conventional bank conversion to Islamic: Meezan Bank approves guidelines for conversion

The Shariah Supervisory Board of Meezan Bank Limited has approved general guidelines for conversion of a conventional bank's operations into Shariah-compliant operations. This approval was given in the 21st meeting of the Shariah Supervisory Board (SSB) o

Published 30 Apr, 2014 12:00am

Cross Transactions between Client to Client & Financial Institutions

Cross Transactions between Client to Client & Financial Institutions

The following were the cross transactions between client to client & financial institutions here on Tuesday (April 29, 2014).

Published 30 Apr, 2014 12:00am

KFC opens flagship store in DHA

KFC opens flagship store in DHA

KFC Pakistan recently reopened its flagship store in DHA. The announcement was made amidst a grand launch ceremony at the outlet, attended by media, senior representatives from the franchisor, KFC MENAPak Regional Office, including General Manager, Nasir

Published 30 Apr, 2014 12:00am

Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (April 29, 2014).

Published 30 Apr, 2014 12:00am

Rigging in general elections: PTI to kick off protest movement on May 11

Rigging in general elections: PTI to kick off protest movement on May 11

Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan on Tuesday said that his party would kick off a protest movement on May 11 against massive rigging in May 11 general elections. Talking to media persons after presiding a meeting of the party here, he sai

Published 30 Apr, 2014 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Tuesday (April 29, 2014)

Published 30 Apr, 2014 12:00am

FBR opposes duty-free import of potatoes

FBR opposes duty-free import of potatoes

Federal Board of Revenue (FBR) has opposed Ministry of National Food and Security Research's (MNFSR) proposal for import of duty free potatoes to bring down its price in the local market during the month of Ramazan. Sources told Business Recorder t

Published 30 Apr, 2014 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Tuesday (April 29, 2014)

Published 30 Apr, 2014 12:00am

CSR vision: FFC collaborating with CCH

CSR vision: FFC collaborating with CCH

Country's Premier Fertilizer Brand, Fauji Fertilizer Company Limited has collaborated with the top most educational academia of Pakistan Cadet College Hasanabdal (CCH) as part of its CSR vision to support and assist educational opportunities across the co

Published 30 Apr, 2014 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Tuesday (April 29, 2014)

Published 30 Apr, 2014 12:00am

Missing person case: Supreme Court resents journalist's intervention

Missing person case: Supreme Court resents journalist's intervention

The Supreme Court on Tuesday showed resentment on a journalist's intervention in the proceedings of missing person (Habibur Rehman) case and adjourned the hearing for indefinite period. Appearing before a two-judge bench headed by Justice Nasirul Mulk, De

Published 30 Apr, 2014 12:00am

BRIndex30 and BR Sectoral Indices

BRIndex30 and BR Sectoral Indices

BRIndex30 and BR Sectoral Indices on Tuesday (April 29, 2014).

Published 30 Apr, 2014 12:00am

Air Chief visits Risalpur academy

Air Chief visits Risalpur academy

Chief of the Air Staff, Pakistan Air Force (PAF), Air Chief Marshal Tahir Rafique Butt on Tuesday visited Pakistan Air Force Academy, Risalpur and flew assessment training mission in advance jet trainer, which is co-produced by Pakistan and China. On his

Published 30 Apr, 2014 12:00am

Despatch of dividend warrants

Despatch of dividend warrants

Dates of despatch of dividend warrants and bonus share certificates.

Published 30 Apr, 2014 12:00am

'No polio case reported in Punjab during current year'

'No polio case reported in Punjab during current year'

Punjab Chief Secretary Naveed Akram Cheema has said that no polio case has been reported in Punjab during the current year, which reflects the good performance and hardworking of government departments. He directed that all the DCOs and officers of Health

Published 30 Apr, 2014 12:00am

BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 30 Apr, 2014 12:00am

Government to address problems at farmers' doorsteps: Bosan

Government to address problems at farmers' doorsteps: Bosan

Federal Minister for Food Security and Research Sikandar Hayat Bosan said government would address problems of farmers at their doorsteps and said imposition of ban on wheat's inter-provincial transportation is not a wise decision by the Sindh government

Published 30 Apr, 2014 12:00am

Board meetings in progress

Board meetings in progress

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

Published 30 Apr, 2014 12:00am

FPCCI expresses solidarity with armed forces

FPCCI expresses solidarity with armed forces

The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) and its affiliated chambers on Tuesday unanimously expressed a complete solidarity with the Armed Forces for their key role in safeguarding the ideological boundaries of the country.

Published 30 Apr, 2014 12:00am

Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 30 Apr, 2014 12:00am

Slow pace irks FBR: Rs 468 million ST and FED arrears recovered in 174 cases

Slow pace irks FBR: Rs 468 million ST and FED arrears recovered in 174 cases

The Federal Board of Revenue has expressed resentment over slow pace of recovery of sales tax and federal excise duty arrears as 21 Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) recovered only Rs 468 million arrears in just 174 cases.

Published 30 Apr, 2014 12:00am

Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 30 Apr, 2014 12:00am

CoAS witnesses Saudi military war exercise

CoAS witnesses Saudi military war exercise

Chief of Army Staff (CoAS) General Raheel Sharif Tuesday witnessed Saudi military's war exercise "Sword of Abdullah". The military experts and chiefs of army staff of Gulf States were also present in the concluding ceremony of the exercises. General Rahee

Published 30 Apr, 2014 12:00am

Last date of renunciation/payment

Last date of renunciation/payment

Last dates of renunciation/payment.

Published 30 Apr, 2014 12:00am

Work on Clifton flyover project: SHC again restrains Bahria Town

Work on Clifton flyover project: SHC again restrains Bahria Town

Sindh High Court (SHC) single bench on Tuesday once again restrained Bahria Town from carrying out construction on a flyover and two underpasses near Abdullah Shah Ghazi shrine in Clifton, Karachi. Justice Munib Akhtar, who headed a single bench, announce

Published 30 Apr, 2014 12:00am

Provisionally listed companies

Provisionally listed companies

Provisional companies listed in Karachi Stock Exchange.

Published 30 Apr, 2014 12:00am

Fazal Textile Mills Limited

Fazal Textile Mills Limited

Fazal Textile Mills Limited (KSE: FZTM) is one of the older mills of the country and is located in Karachi. FZTM was taken over by well-known trading house, the Yunus Brothers group in March 1987. The firm is primarily engaged in producing 100 percent gre

Published 30 Apr, 2014 12:00am

Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 30 Apr, 2014 12:00am

Fazal Textile Mills Limited

Fazal Textile Mills Limited

Fazal Textile Mills Limited (KSE: FZTM) is one of the older mills of the country and is located in Karachi. FZTM was taken over by well-known trading house, the Yunus Brothers group in March 1987. The firm is primarily engaged in producing 100 percent gre

Published 30 Apr, 2014 12:00am

Clearing Schedule for T+2 System

Clearing Schedule for T+2 System

Karachi Stock Exchange's Clearing Schedule for T+2 System.

Published 30 Apr, 2014 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 14	278.71
USD PKR Interbank Buying / Jun 14	278.51
USD to Japanese Yen / Jun 14	157.40
USD to Swiss Franc / Jun 14	0.89
Pound Sterling to USD / Jun 14	1.28
Euro to USD / Jun 14	1.07

Stock	Volume
S&P 500 / Jun 14	5,431.60
India Sensex / Jun 14	76,992.77
Tokyo Nikkei / Jun 14	38,814.56
Nasdaq / Jun 14	17,688.88
Hang Seng / Jun 14	17,941.78
FTSE 100 / Jun 14	8,146.86
Dow Jones / Jun 14	38,589.16
Germany DAX 30 / Jun 14	18,002.02

Item	Value
Crude Oil USD/Barrel / Jun 14	78.45
Karachi Cotton PKR/37.32 KG / Jun 14	19,935
Gold 10 Grams PKR / Jun 14	207,047
Gold Spot USD/Ounce / Jun 14	2,333.04
Cotton US¢/pound / Jun 14	72.14
Petrol/Litre / Jun 16	258.16

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 16 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 16 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 16 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 16 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 16 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 16 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 16 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 16 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 16 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 16 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 16 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 16 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 16 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 16 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 16 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 16 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 16 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 16 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 16 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 16 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 16 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 16 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 16 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 16 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 16 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 16 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 16 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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