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Apr 28, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-06-07
PTCL extends bill payment date

PTCL extends bill payment date

Pakistan Telecommunication Company Limited (PTCL) has announced an extension in the date for payment of the current month's telephone bills, says an announcement made on Thursday. PTCL Public Relations Officer Saleem Khan said in the announcement that sub
Published 07 Jun, 2014 12:00am
RCOA daily statement: SBP transfers data acquisition to 'DAP'

RCOA daily statement: SBP transfers data acquisition to 'DAP'

The State Bank of Pakistan (SBP) has decided to transfer the data acquisition of Reporting Chart of Account (RCOA) daily statement from Data Acquisition Gateway (DAG) to Data Acquisition Portal (DAP). According to a Circular SD.DWCD.1 (2)-2014-486 sent to
Published 07 Jun, 2014 12:00am
IDG holds exclusive sessions for CFOs, CSOs

IDG holds exclusive sessions for CFOs, CSOs

Under the flagship of IDG Enterprise brands in Pakistan, CFO World Business Journal and CSO Central Executive Sessions were held back to back, to bring together the local business community. The sessions were held in Karachi at a local hotel. The first se
Published 07 Jun, 2014 12:00am
MQM observes Youm-e-Dua

MQM observes Youm-e-Dua

Muttahhida Qaumi Movement (MQM) observed Youm-e-Dua on Friday for the well-being of party chief Altaf Hussain besides it also continued the sit-in at Numaish Chowrangi for the fourth consecutive day. A delegation of Sunni Ittehad Council, former president
Published 07 Jun, 2014 12:00am
Abdul Basit meets Shahbaz

Abdul Basit meets Shahbaz

Pakistani High Commissioner in India, Abdul Basit met with Punjab Chief Minister Shahbaz Sharif here on Friday. Relations between India and Pakistan and the recent visit of Prime Minister Nawaz Sharif to India were discussed in the meeting.
Published 07 Jun, 2014 12:00am
NAB Sindh arrests Food department official

NAB Sindh arrests Food department official

Director General National Accountability Bureau (NAB), Sindh, constituted an intelligence team and assigned them the task of arresting and raids on Proclaimed Offenders (POs) and Absconders. NAB Sindh Intelligence and Vigilance team conducted raids in Sin
Published 07 Jun, 2014 12:00am
M Mahmood Ahmed appointed CEO Singer

M Mahmood Ahmed appointed CEO Singer

Board of Directors of Singer Pakistan Limited has appointed M. Mahmood Ahmed as Chief Executive Office (CEO) of the company. Singer appointed its new CEO for a term of three years with effect from May 19, 2014 in their meeting held on May 19, 2014, accord
Published 07 Jun, 2014 12:00am
Customs seize 800 smuggled tyres worth Rs 15 million

Customs seize 800 smuggled tyres worth Rs 15 million

Anti-Smuggling Wing of Directorate Customs Intelligence & Investigation-FBR, Karachi on Friday confiscated 800 smuggled tyres worth Rs 15 million from a godown in Karachi. According to official sources, a joint raid conducted by Intelligence officers and
Published 07 Jun, 2014 12:00am
May urea offtake up 22 percent MoM

May urea offtake up 22 percent MoM

Urea sales in May 2014 are likely to be at 313,000 tons compared to 257,000 tons in April 2014, up 22 percent month-on-month (MoM), analysts said. According to Zeeshan Afzal, an analyst at Topline Securities, year-on-year (YoY) urea sales fell 35 percent
Published 07 Jun, 2014 12:00am
People don't trust taxation machinery: Dar

People don't trust taxation machinery: Dar

So Ishaq Dar holds, according to a leading English Daily of 5th June, 2014. Lot many others may be camp followers of Mr Dar on this. Dar has remained, with laurels, also as a practicing accountant. Since he has a different cap 7 now, he is not supposed to
Published 07 Jun, 2014 12:00am
British opposition to Juncker shows no sign of abating

British opposition to Juncker shows no sign of abating

The frontrunner for European Commission president, Luxembourg's Jean-Claude Juncker, has complained bitterly about his treatment by the British press, but it shows no sign of halting its campaign against what one tabloid called the "most dangerous man in
Published 07 Jun, 2014 12:00am
Draghi will keep markets waiting for any more ECB action

Draghi will keep markets waiting for any more ECB action

European Central Bank chief Mario Draghi has whetted markets' appetite for more ECB policy action but investors will have to wait some time before he uses the only real option he has left - a major asset-buying plan. First he will want to assess the effec
Published 07 Jun, 2014 12:00am
The culture of annual country budget

The culture of annual country budget

Every year it is the repeat of the last year's budget - rationalisation and rhetoric abound. This year was no different. The budget speech I am told is of 66 pages and the speech was a marathon one. The public was confused and I have done right while all
Published 07 Jun, 2014 12:00am
The prisoner swap

The prisoner swap

The release of an American soldier, Bowe Bergdahl, by the Taliban in exchange for five Taliban prisoners - all senior members of Mullah Omar's inner circle - from Guantanamo to Qatar, where they are to remain for a year, has drawn an angry reaction from t
Published 07 Jun, 2014 12:00am
Kuwaiti overtures to Tehran

Kuwaiti overtures to Tehran

Conceivably, of wars there can be no positive outcomes. To this, the ongoing civil war in Syria is no exception - except for the growing realisation among the principal foreign sponsors that the winners, so far, are the extremists and not their proxies. C
Published 07 Jun, 2014 12:00am
'Federal budget to add to miseries of masses'

'Federal budget to add to miseries of masses'

The government employees, industrialists and businessmen have declared federal budget 2014-15 as a painful budget which would add miseries for the masses. They said the budget is not relief oriented. Government employees also rejected 10 percent raise in
Published 07 Jun, 2014 12:00am
Illegal stone crushing: preventive measures at Margalla suggested

Illegal stone crushing: preventive measures at Margalla suggested

Punjab Minister for Mines and Minerals Chaudhry Sher Ali Khan has underlined the need for taking required measures to prevent illegal stone crushing at Margalla Hills, Texila. Chairing a meeting at Commissioner Office here he directed the concerned depart
Published 07 Jun, 2014 12:00am
'Fish Farmers Convention' to be held on June 10

'Fish Farmers Convention' to be held on June 10

Department of Fisheries Punjab is organising a 'Fish Farmers Convention' at Fisheries Complex, Manawan Lahore on June 10. Minister for Forestry, Wildlife & Fisheries Malik Muhammad Asif Bhaa Awan will be the chief guest of the convention. The fish farmers
Published 07 Jun, 2014 12:00am
Punjab budget to reflect people's aspirations: chief minister

Punjab budget to reflect people's aspirations: chief minister

Punjab Chief Minister Shahbaz Sharif has said the provision of relief to the people and improving their standard of living is the agenda of Pakistan Muslim League-N government. He said provincial budget of next financial year would be reflective of public
Published 07 Jun, 2014 12:00am
The Weather

The Weather

The weather report on Friday (June 06, 2014) and the forecast for Saturday (June 07, 2014).

Published 07 Jun, 2014 12:00am
Two gypsy girls burn to death, four women injured

Two gypsy girls burn to death, four women injured

Two girls were killed and four women injured in an incident of blaze in makeshift tents of gypsies in Narowal Chowk area here on Friday. Rescue 1122 officials said that a fire erupted in the tents, which engulfed the settlement in a few moments. The incid
Published 07 Jun, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (June 06, 2014).

Published 07 Jun, 2014 12:00am
LCCI to have Nadra Desk in premises anytime soon

LCCI to have Nadra Desk in premises anytime soon

The Lahore Chamber of Commerce and Industry (LCCI) will soon have a NADRA Desk within its premises to facilitate its members. This was decided in a meeting between LCCI Vice President Kashif Anwar and Director General NADRA Brigadier Muhammad Javaid Iqbal
Published 07 Jun, 2014 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 07 Jun, 2014 12:00am
Ufone announces 20 lucky winners of ShahCar offer

Ufone announces 20 lucky winners of ShahCar offer

Ufone announces the much awaited results of the 20 lucky winners of Toyota Corolla cars through its ShahCar offer 2014, which will once again make their dreams come true. Now, a total of 70 customers have benefited from the ShahCar offers in four years. T
Published 07 Jun, 2014 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 07 Jun, 2014 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (June 06, 2014).

Published 07 Jun, 2014 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Friday (June 06, 2014) and for Saturday (June 07, 2014).
Published 07 Jun, 2014 12:00am
Khyber Pakhtunkhwa chief minister terms budget 'pro-one province' affair

Khyber Pakhtunkhwa chief minister terms budget 'pro-one province' affair

KP Chief Minister Pervez Khattak vehemently rejected the increase in the natural gas tariff by saying is inimical gesture by the federal government and forced injustice to the progress of KP which is already in the quagmire of under development and multi
Published 07 Jun, 2014 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (June 06, 2014).

Published 07 Jun, 2014 12:00am
Shahbaz briefs Turkish group about economic situation

Shahbaz briefs Turkish group about economic situation

Punjab Chief Minister Shahbaz Sharif has said that due to effective policies of the government, the economic situation has substantially improved in the country. He said foreign exchange reserves had exceeded 13 billion dollars, rupee had stabilised again
Published 07 Jun, 2014 12:00am
Four killed, 25 hurt in trailer-bus collision

Four killed, 25 hurt in trailer-bus collision

At least four people were killed and 25 injured on Friday when a trailer and a passenger bus collided in Muzaffargarh. The accident occurred apparently due to over-speeding. Police personnel and Rescue teams immediately reached the site of the accident an
Published 07 Jun, 2014 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (June 06, 2014).

Published 07 Jun, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (June 06, 2014).

Published 07 Jun, 2014 12:00am
Power shortfall remains 3300 megawatts for second day

Power shortfall remains 3300 megawatts for second day

Power shortfall remained 3300MW for second consecutive day with rise in mercury throughout the country. According to the NTDC sources, power generation during last 24 hours stood at 13500MW against a demand of 16800MW, leaving the system with a total shor
Published 07 Jun, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (June 06, 2014).

Published 07 Jun, 2014 12:00am
Transfers, postings: don't exert pressure, FBR officials warned

Transfers, postings: don't exert pressure, FBR officials warned

The Federal Board of Revenue is facing extreme influence as well as political pressure exerted by some tax officials for transfers/postings/deputation on lucrative positions, forcing the tax authorities to initiate disciplinary proceedings against such un
Published 07 Jun, 2014 12:00am
Seven militants die in fresh infighting

Seven militants die in fresh infighting

Fresh clashes between the Pakistani Taliban and a breakaway faction killed at least seven militants in the country's restive north-west on Friday, officials said. The fighting erupted in the Wacha Mela area 65 kilometres (40 miles) west of Miranshah, the
Published 07 Jun, 2014 12:00am
THE RUPEE: little movement

THE RUPEE: little movement

The rupee fluctuated but cautiously versus the dollar on the local currency market in the absence of motivating factors, dealers said on Friday. By and large the whole nation is worried about the prevailing situation in the country due to rising uncertain
Published 07 Jun, 2014 12:00am
THE RUPEE: little movement

THE RUPEE: little movement

The rupee fluctuated but cautiously versus the dollar on the local currency market in the absence of motivating factors, dealers said on Friday. By and large the whole nation is worried about the prevailing situation in the country due to rising uncertain
Published 07 Jun, 2014 12:00am
Salaries, allowances of Khyber Pakhtunkhwa ministers, MPAs soar

Salaries, allowances of Khyber Pakhtunkhwa ministers, MPAs soar

The salaries and allowances of the provincial ministers, speaker, deputy speaker and members' provincial assembly went up many folds after the passage of two separate but identical bills by the provincial legislature on Friday. The two bills titled The Kh
Published 07 Jun, 2014 12:00am
Mamnoon confers Nishan-i-Quaid-e-Azam Award on outgoing Saudi envoy

Mamnoon confers Nishan-i-Quaid-e-Azam Award on outgoing Saudi envoy

President Mamnoon Hussain conferred Nishan-i-Quaid-e-Azam Award on the outgoing Ambassador of the Kingdom of Saudi Arabia, Dr Abdulaziz bin Ibrahim bin Saleh Al-Ghadeer during a special investiture ceremony held at the Aiwan-e-Sadr on Friday. The c
Published 07 Jun, 2014 12:00am
Proxy e-voting: FBR unveils regulations for listed companies

Proxy e-voting: FBR unveils regulations for listed companies

The Securities and Exchange Commission of Pakistan (SECP) Friday issued regulations to be applicable to general meetings of listed companies for providing voting right to members through electronic means. In this regard, the SECP has issued S.R.O.482(I)/2
Published 07 Jun, 2014 12:00am
Proxy e-voting: FBR unveils regulations for listed companies

Proxy e-voting: FBR unveils regulations for listed companies

The Securities and Exchange Commission of Pakistan (SECP) Friday issued regulations to be applicable to general meetings of listed companies for providing voting right to members through electronic means. In this regard, the SECP has issued S.R.O.482(I)/2
Published 07 Jun, 2014 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (June 06, 2014).

Published 07 Jun, 2014 12:00am
Proxy e-voting: FBR unveils regulations for listed companies

Proxy e-voting: FBR unveils regulations for listed companies

The Securities and Exchange Commission of Pakistan (SECP) Friday issued regulations to be applicable to general meetings of listed companies for providing voting right to members through electronic means. In this regard, the SECP has issued S.R.O.482(I)/2
Published 07 Jun, 2014 12:00am
SPI inflation up 8.39 percent YoY

SPI inflation up 8.39 percent YoY

The weekly Sensitive Price Indicator (SPI) inflation surged by 8.39 percent during the week ended June 5, 2014, reflecting increase in prices of some essential commodities. The provisional data, released by Pakistan Bureau of Statistics, shows that the SP
Published 07 Jun, 2014 12:00am
SPI inflation up 8.39 percent YoY

SPI inflation up 8.39 percent YoY

The weekly Sensitive Price Indicator (SPI) inflation surged by 8.39 percent during the week ended June 5, 2014, reflecting increase in prices of some essential commodities. The provisional data, released by Pakistan Bureau of Statistics, shows that the SP
Published 07 Jun, 2014 12:00am
SPI inflation up 8.39 percent YoY

SPI inflation up 8.39 percent YoY

The weekly Sensitive Price Indicator (SPI) inflation surged by 8.39 percent during the week ended June 5, 2014, reflecting increase in prices of some essential commodities. The provisional data, released by Pakistan Bureau of Statistics, shows that the SP
Published 07 Jun, 2014 12:00am
CPJ terms Pemra move 'short-sighted'

CPJ terms Pemra move 'short-sighted'

The Committee to Protect Journalists (CPJ) condemns a decision on Friday by Pakistan Electronic Media Regulatory Authority (Pemra) to suspend the licence of Geo News. "We are troubled by decision by Pakistan's regulator to suspend Geo News'
Published 07 Jun, 2014 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 07 Jun, 2014 12:00am
CPJ terms Pemra move 'short-sighted'

CPJ terms Pemra move 'short-sighted'

The Committee to Protect Journalists (CPJ) condemns a decision on Friday by Pakistan Electronic Media Regulatory Authority (Pemra) to suspend the licence of Geo News. "We are troubled by decision by Pakistan's regulator to suspend Geo News'
Published 07 Jun, 2014 12:00am
Significant oil reserve discovered in Jehlum

Significant oil reserve discovered in Jehlum

Mari Petroleum Company Limited (MPCL) the operator of Ghauri block situated in District Jehlum, Punjab has discovered a significant reserve of crude oil with estimated production of 5,500 barrels per day, the company announced here on Friday. According to
Published 07 Jun, 2014 12:00am
Significant oil reserve discovered in Jehlum

Significant oil reserve discovered in Jehlum

Mari Petroleum Company Limited (MPCL) the operator of Ghauri block situated in District Jehlum, Punjab has discovered a significant reserve of crude oil with estimated production of 5,500 barrels per day, the company announced here on Friday. According to
Published 07 Jun, 2014 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 07 Jun, 2014 12:00am
Significant oil reserve discovered in Jehlum

Significant oil reserve discovered in Jehlum

Mari Petroleum Company Limited (MPCL) the operator of Ghauri block situated in District Jehlum, Punjab has discovered a significant reserve of crude oil with estimated production of 5,500 barrels per day, the company announced here on Friday. According to
Published 07 Jun, 2014 12:00am
Nawab Marri admitted to hospital

Nawab Marri admitted to hospital

Veteran Baloch nationalist Nawab Khair Bux Marri has been admitted to the critical care unit of Liaquat National Hospital. Eighty-six-year-old Marri, a geriatric, has been suffering from various ailments, including disorder of lungs, for quite some time.
Published 07 Jun, 2014 12:00am
Nawab Marri admitted to hospital

Nawab Marri admitted to hospital

Veteran Baloch nationalist Nawab Khair Bux Marri has been admitted to the critical care unit of Liaquat National Hospital. Eighty-six-year-old Marri, a geriatric, has been suffering from various ailments, including disorder of lungs, for quite some time.
Published 07 Jun, 2014 12:00am
''Ease of doing business'': Pakistan slips to 110 in World Bank index

''Ease of doing business'': Pakistan slips to 110 in World Bank index

Pakistan has been dropped four places to 110 in the World Bank "ease of doing business" index for 2014 against 106 recorded last year, revealed the World Bank report. In "Doing Business 2014: Regional Profile South Asia" World Bank ranks Pakistan fourth a
Published 07 Jun, 2014 12:00am
'Ease of doing business': Pakistan slips to 110 in World Bank index

'Ease of doing business': Pakistan slips to 110 in World Bank index

Pakistan has been dropped four places to 110 in the World Bank "ease of doing business" index for 2014 against 106 recorded last year, revealed the World Bank report. In "Doing Business 2014: Regional Profile South Asia" World Bank ranks Pakistan fourth a
Published 07 Jun, 2014 12:00am
'Ease of doing business': Pakistan slips to 110 in World Bank index

'Ease of doing business': Pakistan slips to 110 in World Bank index

Pakistan has been dropped four places to 110 in the World Bank "ease of doing business" index for 2014 against 106 recorded last year, revealed the World Bank report. In "Doing Business 2014: Regional Profile South Asia" World Bank ranks Pakistan fourth a
Published 07 Jun, 2014 12:00am
Sword fight at India's Golden Temple on raid anniversary

Sword fight at India's Golden Temple on raid anniversary

Clashes broke out between sword-wielding Sikhs on Friday at the Golden Temple in northern India on the 30th anniversary of a controversial army assault on Sikhism's holiest shrine. At least 10 people were wounded in the violence at the temple in the city
Published 07 Jun, 2014 12:00am
ISE index up by 28.24 points

ISE index up by 28.24 points

Bulls dominated the proceedings at the Islamabad Stock Exchange (ISE) on Friday, where equities continued to move in upward direction with positive trend at the ISE amid increase in index. ISE Ten Index showed an improvement of 28.24 points as the ISE Ten
Published 07 Jun, 2014 12:00am
ISE index up by 28.24 points

ISE index up by 28.24 points

Bulls dominated the proceedings at the Islamabad Stock Exchange (ISE) on Friday, where equities continued to move in upward direction with positive trend at the ISE amid increase in index. ISE Ten Index showed an improvement of 28.24 points as the ISE Ten
Published 07 Jun, 2014 12:00am
LSE index posts handsome gain of 108.07 points

LSE index posts handsome gain of 108.07 points

Equities on Friday moved both ways on the Lahore Stock Exchange and finally settled in negative zone while LSE-25 index registered handsome gain of 108.07 points to end at 5700.51 against 5592.44 of Thursday following buyers' interest in select bluechips.
Published 07 Jun, 2014 12:00am
LSE index posts handsome gain of 108.07 points

LSE index posts handsome gain of 108.07 points

Equities on Friday moved both ways on the Lahore Stock Exchange and finally settled in negative zone while LSE-25 index registered handsome gain of 108.07 points to end at 5700.51 against 5592.44 of Thursday following buyers' interest in select bluechips.
Published 07 Jun, 2014 12:00am
FO building catches fire

FO building catches fire

A fire broke out on 5th floor of Foreign Office building on Friday due to short-circuiting and building partially damage. The fire broke out in a room at around 9:30 pm. Soon after the fire broke out the CDA fire brigade reached the site and after a brief
Published 07 Jun, 2014 12:00am
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