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Print - 2014-06-13
Pakistan, Brazil to work on bilateral agriculture cooperation: Bosan

Pakistan, Brazil to work on bilateral agriculture cooperation: Bosan

Sikandar Hayat Khan Bosan Federal Minister for Ministry of National Food Security & Research (MNFSR) said that Pakistan and Brazil needed to work together closely in order to exploit considerable potential of co-operation that existed in a range of agricu
Published 13 Jun, 2014 12:00am
Power shortfall crosses 8,000 megawatts mark

Power shortfall crosses 8,000 megawatts mark

The country's power shortfall has reportedly crossed 8,000MW due to massive demand touching 21,000MW during peak hours and people in rural areas are just getting electricity for 6-8 hours in 24 hours. These demand statistics are excluding Karachi and adja
Published 13 Jun, 2014 12:00am
'No loadshedding on Shab-e-Barat'

'No loadshedding on Shab-e-Barat'

Commissioner Karachi Shoaib Ahmed Siddiqui has said that K-Electric has ensured that no loadshedding would occur on the eve of Shab-e-Barat to facilitate faithful to offer prayers with religious fervour. Siddiqui said this while presiding over a meeting w
Published 13 Jun, 2014 12:00am
Grey operators: PTA, FIA conduct two successful raids

Grey operators: PTA, FIA conduct two successful raids

In a successful operation against grey operators, Pakistan Telecommunication Authority (PTA) along with Federal Investigation Agency (FIA) has conducted two successful raids at Jehlum and Lalamusa and apprehended two persons. In the first raid at a house
Published 13 Jun, 2014 12:00am
Proposals: Supreme Court seeks report from EOBI

Proposals: Supreme Court seeks report from EOBI

The Supreme Court on Thursday sought a comprehensive report from Employees Old-age Benefits Institution (EOBI) on real estate agents' proposals on the mechanism to return sold properties to the institution. A two-member SC bench headed by Justice Sarmad J
Published 13 Jun, 2014 12:00am
FBR asks officials to file return with penalty by June 16

FBR asks officials to file return with penalty by June 16

The Federal Board of Revenue (FBR) has warned defaulting officials, who failed to file income tax returns for Tax Year 2013, to ensure return filing along with penalty by June 16, 2014. According to the FBR instructions to the field formations here on Thu
Published 13 Jun, 2014 12:00am
Four killed, 15 hurt in accident

Four killed, 15 hurt in accident

Four people, including two women and a child, were killed and 15 others injured in an accident near Kot Sarwar Interchange, 25 km from here, on Thursday. According to police, a bus was on its way to Islamabad when trailer hit it near Kot Sarwar Interchang
Published 13 Jun, 2014 12:00am
'Implementation of women protection laws being ensured'

'Implementation of women protection laws being ensured'

Provincial Minister for Women Development Hameeda Waheeduddin has said that women are playing an important role in the development of the country and implementation of laws aimed at their protection is being ensured. She was addressing a meeting held rega
Published 13 Jun, 2014 12:00am
Shahbaz reviews pace of work on solar park project

Shahbaz reviews pace of work on solar park project

Punjab Chief Minister Shahbaz Sharif while addressing high ups of federal and provincial departments during a meeting to review pace of work on solar park project at Quaid-e-Azam Solar Park Bahawalpur has asked them to realise the problems of the people d
Published 13 Jun, 2014 12:00am
84 MPAs of Punjab form youth caucus

84 MPAs of Punjab form youth caucus

Eighty-four (84) members of Punjab Assembly belonging to different parliamentary groups having upper age limit of 45 years have formed Punjab parliamentary youth caucus in a meeting presided over by Provincial Youth Affairs Minister Rana Mashhood Ahmed Kh
Published 13 Jun, 2014 12:00am
Workshop

Workshop

The Department of Theriogenology, University of Veterinary and Animals Sciences (UVAS), Lahore on Thursday in collaboration with the Washington State University Pullman (US) organised a two-day international workshop on 'recent advances in canine reproduc
Published 13 Jun, 2014 12:00am
World Day against Child Labour observed

World Day against Child Labour observed

Like other parts of the globe, "World Day against Child Labour" was observed here on Thursday with a renewed pledge to continue efforts aimed at elimination of child labour through raising awareness among people about the plight and rights of child labour
Published 13 Jun, 2014 12:00am
'NAB Punjab recovers Rs 1.483 billion in 5 months'

'NAB Punjab recovers Rs 1.483 billion in 5 months'

"The National Accountability Bureau (NAB) Punjab has recovered Rs 1.483 billion through Voluntary Return (VR), Plea Bargain (PB) during the first five months of 2014 in various corruption cases." This was disclosed by the Chairman NAB, Qamar Zaman Chaudhr
Published 13 Jun, 2014 12:00am
LUMHS holds symposium on breast cancer

LUMHS holds symposium on breast cancer

The Department of Surgery, Liaquat University of Medical and Health Sciences (LUMHS), Jamshoro arranged a clinical symposium on "Breast Cancer" on Thursday. Professor Rufina Soomro from Liaquat National Hospital, Karachi has expressed that breast cancer h
Published 13 Jun, 2014 12:00am
'Appeal Day' observed at Punjab Civil Secretariat

'Appeal Day' observed at Punjab Civil Secretariat

"Appeal Day" was observed at Punjab Civil Secretariat on the request of All Pakistan Secretariat Co-ordination Council with the demand that the government should announce raise in salaries at par to inflation rate of necessities of life. As many as 600 em
Published 13 Jun, 2014 12:00am
Prime Minister to be chief guest at LCCI Achievement Awards ceremony

Prime Minister to be chief guest at LCCI Achievement Awards ceremony

Prime Minister Nawaz Sharif will be the chief guest at the LCCI Achievement Awards 2014 ceremony scheduled for the last week of August. President Lahore Chamber of Commerce and Industry (LCCI) Sohail Lashari stated this while addressing a press conference
Published 13 Jun, 2014 12:00am
Construction of 27km double track for Mass Transit system approved

Construction of 27km double track for Mass Transit system approved

A high-level meeting, chaired by KP Chief Minister Pervez Khattak at CM Secretariat Peshawar, approved construction of 27km double track highway and modern bus service under Peshawar Mass Transit System Corridor from Nasir Pur GT Road to Hayatabad Karkhan
Published 13 Jun, 2014 12:00am
Rs 6.90 trillion Sindh budget today

Rs 6.90 trillion Sindh budget today

Sindh Chief Minister Syed Qaim Ali Shah will present provincial budget for fiscal year 2014-15 with an outlay of some Rs 6.90 trillions in Sindh Assembly on Friday (today). According to sources in Finance Department, the chief minister would present Rs 6.
Published 13 Jun, 2014 12:00am
115 alleged criminals held

115 alleged criminals held

City police on Thursday claimed to have arrested around 115 alleged criminals in different targeted raids and encounters during last 24 hours. According to police, they have conducted some 76 targeted raids and five encounters in ongoing operations in the
Published 13 Jun, 2014 12:00am
The Weather

The Weather

The weather report on Thursday (June 12, 2014) and the forecast for Friday (June 13, 2014).

Published 13 Jun, 2014 12:00am
Corporate tax cut to 20 percent for foreign investors: Senate body told

Corporate tax cut to 20 percent for foreign investors: Senate body told

The government said on Thursday that corporate tax has been reduced to 20 percent for foreign investors to stimulate the dismally low foreign direct investment in the country. Senior Member Tax Policy Federal Board of Revenue (FBR) Shahid Hussain Asad sta
Published 13 Jun, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (June 12, 2014).

Published 13 Jun, 2014 12:00am
Budget 2014-15: Punjab government to avoid any new tax

Budget 2014-15: Punjab government to avoid any new tax

Punjab government is likely to avoid any new tax in its budget for the fiscal year 2014-15, sources said on Thursday. According to the sources, no new tax will be introduced in Punjab budget 2014-15, to be announced on Friday (today). The sources further
Published 13 Jun, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (June 12, 2014).

Published 13 Jun, 2014 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 13 Jun, 2014 12:00am
Zong launches 'Super 3G' service for customers

Zong launches 'Super 3G' service for customers

Zong on Thursday commercially launched 'Super 3G' service for customers in major cities of Pakistan. Zong is the only telecom operator in the country while winning 10 MHz of 3G and 4G each from the auction that held on April 23, 2014 and paid the whole am
Published 13 Jun, 2014 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 13 Jun, 2014 12:00am
Weather advisory to fishermen

Weather advisory to fishermen

In a special weather advisory, the Meteorological of Pakistan (PMD) said on Thursday that "The Tropical Cyclone 02A (Nanauk), located at Lat 18 N and Long. 64 E, about 680km south-south-west of Karachi, is likely to move further west-north-west ward (towa
Published 13 Jun, 2014 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (June 12, 2014).

Published 13 Jun, 2014 12:00am
Cars exceeding 1800cc: FED withdrawal to boost ST collection: Bajwa

Cars exceeding 1800cc: FED withdrawal to boost ST collection: Bajwa

Chairman Federal Board of Revenue (FBR) Tariq Bajwa said on Thursday that the withdrawal of 10 percent Federal Excise Duty (FED) on motor vehicles exceeding 1800cc would ultimately increase sales tax collection on expected increase in local sales by car m
Published 13 Jun, 2014 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Thursday (June 12, 2014) and for Friday (June 13, 2014).
Published 13 Jun, 2014 12:00am
Cars exceeding 1800cc: FED withdrawal to boost ST collection: Bajwa

Cars exceeding 1800cc: FED withdrawal to boost ST collection: Bajwa

Chairman Federal Board of Revenue (FBR) Tariq Bajwa said on Thursday that the withdrawal of 10 percent Federal Excise Duty (FED) on motor vehicles exceeding 1800cc would ultimately increase sales tax collection on expected increase in local sales by car m
Published 13 Jun, 2014 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (June 12, 2014).

Published 13 Jun, 2014 12:00am
Agri income tax

Agri income tax

It is a matter of shame and insult to all honest taxpayers in the country that the agri tax collection by the provinces remains profoundly poor. According to finance minister Ishaq Dar, only Rs 700 million have been collected in Punjab while Rs 300 millio
Published 13 Jun, 2014 12:00am
Iran's solar car challenge depends on US plane ticket

Iran's solar car challenge depends on US plane ticket

It is not easy for an Iranian to visit America. With no US embassy in Tehran since 1979, obtaining a visa usually requires two costly trips to Dubai or Turkey. A group of Iranian students, however, have a far bigger problem - they want to send a car to th
Published 13 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 Thursday (June 12, 2014).

Published 13 Jun, 2014 12:00am
Japan's 'Abenomics' faces critical test

Japan's 'Abenomics' faces critical test

Japanese Prime Minister Shinzo Abe's bid to light a fire under the country's long-tepid economy will this month face its most critical test with a long-awaited update to his plans for structural reforms. Farming and pharmacology, pension investments and i
Published 13 Jun, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (June 12, 2014).

Published 13 Jun, 2014 12:00am
Dar ignores reforms again

Dar ignores reforms again

The government, in its second budget, has once again ignored much overdue economic reforms. The policymakers have not yet realised that the country can survive with lower taxes provided there is substantial curtailment of wasteful spending, like providing
Published 13 Jun, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (June 12, 2014).

Published 13 Jun, 2014 12:00am
Relief for Musharraf

Relief for Musharraf

The Sindh High Court has finally announced its reserved verdict on former President General Pervez Musharraf's petition, ordering the removal of his name from the Exit Control List (ECL). Notably, the special court hearing the high treason case against th
Published 13 Jun, 2014 12:00am
Sales tax on retailers

Sales tax on retailers

When writ of the state becomes weak and its tax collection efforts are thwarted routinely, the government needs to toughen its spine and punish those who challenge its authority. The practice in Pakistan is, however, that of appeasement and yielding to th
Published 13 Jun, 2014 12:00am
US Treasury approved BNP Iran licences

US Treasury approved BNP Iran licences

US authorities authorised BNP Paribas to operate in Iran earlier in the year, even as they considered penalties against the French bank for earlier breaking an embargo imposed on the country, a Treasury official said. The US Treasury Department granted th
Published 13 Jun, 2014 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

An all-round appreciation was witnessed on the money market as the rupee firmly moved up versus the dollar and euro in the process of trading on Thursday, dealers said. The rupee posted fresh gains of 11-paisa against the dollar for buying Rs 98.47 and it
Published 13 Jun, 2014 12:00am
US Treasury approved BNP Iran licences

US Treasury approved BNP Iran licences

US authorities authorised BNP Paribas to operate in Iran earlier in the year, even as they considered penalties against the French bank for earlier breaking an embargo imposed on the country, a Treasury official said. The US Treasury Department granted th
Published 13 Jun, 2014 12:00am
THE RUPEE: all-round gains

THE RUPEE: all-round gains

An all-round appreciation was witnessed on the money market as the rupee firmly moved up versus the dollar and euro in the process of trading on Thursday, dealers said. The rupee posted fresh gains of 11-paisa against the dollar for buying Rs 98.47 and it
Published 13 Jun, 2014 12:00am
US Treasury approved BNP Iran licences

US Treasury approved BNP Iran licences

US authorities authorised BNP Paribas to operate in Iran earlier in the year, even as they considered penalties against the French bank for earlier breaking an embargo imposed on the country, a Treasury official said. The US Treasury Department granted th
Published 13 Jun, 2014 12:00am
IP gas line: Iran asked to amend project to avoid penalty: official

IP gas line: Iran asked to amend project to avoid penalty: official

Secretary Petroleum Abid Saeed Thursday informed the Senate Standing Committee on Finance that the government has requested Iran for amendment to the Iran-Pakistan gas pipeline project to avoid penalty for any delay in the implementation of the project.
Published 13 Jun, 2014 12:00am
IP gas line: Iran asked to amend project to avoid penalty: official

IP gas line: Iran asked to amend project to avoid penalty: official

Secretary Petroleum Abid Saeed Thursday informed the Senate Standing Committee on Finance that the government has requested Iran for amendment to the Iran-Pakistan gas pipeline project to avoid penalty for any delay in the implementation of the project.
Published 13 Jun, 2014 12:00am
IP gas line: Iran asked to amend project to avoid penalty: official

IP gas line: Iran asked to amend project to avoid penalty: official

Secretary Petroleum Abid Saeed Thursday informed the Senate Standing Committee on Finance that the government has requested Iran for amendment to the Iran-Pakistan gas pipeline project to avoid penalty for any delay in the implementation of the project.
Published 13 Jun, 2014 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (June 12, 2014).

Published 13 Jun, 2014 12:00am
Achakzai sees serious threat to system

Achakzai sees serious threat to system

Veteran parliamentarian and chief of Pakhtunkhwa Milli Awami Party Mehmood Khan Achakzai on Thursday said that both civilian and military leadership should be on the same page for the survival of the country. "The need of the hour is to send a message to
Published 13 Jun, 2014 12:00am
Achakzai sees serious threat to system

Achakzai sees serious threat to system

Veteran parliamentarian and chief of Pakhtunkhwa Milli Awami Party Mehmood Khan Achakzai on Thursday said that both civilian and military leadership should be on the same page for the survival of the country. "The need of the hour is to send a message to
Published 13 Jun, 2014 12:00am
Thousands attend funeral of Nawab Marri

Thousands attend funeral of Nawab Marri

Amidst grief and sorrow, the elderly Baloch nationalist ideologue, Nawab Khair Bakhsh Marri, was laid to rest in Quetta on Thursday. Nawab Marri's funeral prayer was offered in New Kahan, located in Western suburb of Quetta. Earlier, the body of Nawab Mar
Published 13 Jun, 2014 12:00am
Thousands attend funeral of Nawab Marri

Thousands attend funeral of Nawab Marri

Amidst grief and sorrow, the elderly Baloch nationalist ideologue, Nawab Khair Bakhsh Marri, was laid to rest in Quetta on Thursday. Nawab Marri's funeral prayer was offered in New Kahan, located in Western suburb of Quetta. Earlier, the body of Nawab Mar
Published 13 Jun, 2014 12:00am
Palestinian news group stops printing Hamas titles

Palestinian news group stops printing Hamas titles

A Palestinian newspaper group said Thursday that it had stopped printing titles run by Islamist group Hamas after receiving a series of warnings from the Israeli army. The Al-Ayyam newspaper group, which is based in the West Bank, has stopped printing and
Published 13 Jun, 2014 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 13 Jun, 2014 12:00am
Palestinian news group stops printing Hamas titles

Palestinian news group stops printing Hamas titles

A Palestinian newspaper group said Thursday that it had stopped printing titles run by Islamist group Hamas after receiving a series of warnings from the Israeli army. The Al-Ayyam newspaper group, which is based in the West Bank, has stopped printing and
Published 13 Jun, 2014 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 13 Jun, 2014 12:00am
Goldman Sachs, Bain settle suit on buyout collusion

Goldman Sachs, Bain settle suit on buyout collusion

Goldman Sachs and Bain Capital agreed to pay a combined $121 million to settle a private US lawsuit alleging collusion with other firms to suppress the price of take-overs. Under the terms of the settlement, which must be approved by a federal judge, Gold
Published 13 Jun, 2014 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 13 Jun, 2014 12:00am
Goldman Sachs, Bain settle suit on buyout collusion

Goldman Sachs, Bain settle suit on buyout collusion

Goldman Sachs and Bain Capital agreed to pay a combined $121 million to settle a private US lawsuit alleging collusion with other firms to suppress the price of take-overs. Under the terms of the settlement, which must be approved by a federal judge, Gold
Published 13 Jun, 2014 12:00am
Goldman Sachs, Bain settle suit on buyout collusion

Goldman Sachs, Bain settle suit on buyout collusion

Goldman Sachs and Bain Capital agreed to pay a combined $121 million to settle a private US lawsuit alleging collusion with other firms to suppress the price of take-overs. Under the terms of the settlement, which must be approved by a federal judge, Gold
Published 13 Jun, 2014 12:00am
Rampant load shedding hits right to life: LHC CJ

Rampant load shedding hits right to life: LHC CJ

The Lahore High Court Chief Justice Umar Ata Bandial has ruled that rampant electricity load shedding is an immediate and present problem that affects right to life and quality of life of citizens. Issuing detailed judgement on petitions against electrici
Published 13 Jun, 2014 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 13 Jun, 2014 12:00am
Rampant load shedding hits right to life: LHC CJ

Rampant load shedding hits right to life: LHC CJ

The Lahore High Court Chief Justice Umar Ata Bandial has ruled that rampant electricity load shedding is an immediate and present problem that affects right to life and quality of life of citizens. Issuing detailed judgement on petitions against electrici
Published 13 Jun, 2014 12:00am
Rampant load shedding hits right to life: LHC CJ

Rampant load shedding hits right to life: LHC CJ

The Lahore High Court Chief Justice Umar Ata Bandial has ruled that rampant electricity load shedding is an immediate and present problem that affects right to life and quality of life of citizens. Issuing detailed judgement on petitions against electrici
Published 13 Jun, 2014 12:00am
Trade deficit shrinks by 5.66 percent YoY

Trade deficit shrinks by 5.66 percent YoY

The country''s trade deficit narrowed down by 5.66 percent in July-May 2013-14, as compared to the corresponding period of last fiscal year, according to Pakistan Bureau of Statistics. The provisional data released by PBS shows that trade deficit declined
Published 13 Jun, 2014 12:00am
Trade deficit shrinks by 5.66 percent YoY

Trade deficit shrinks by 5.66 percent YoY

The country's trade deficit narrowed down by 5.66 percent in July-May 2013-14, as compared to the corresponding period of last fiscal year, according to Pakistan Bureau of Statistics. The provisional data released by PBS shows that trade deficit declined
Published 13 Jun, 2014 12:00am
Trade deficit shrinks by 5.66 percent YoY

Trade deficit shrinks by 5.66 percent YoY

The country's trade deficit narrowed down by 5.66 percent in July-May 2013-14, as compared to the corresponding period of last fiscal year, according to Pakistan Bureau of Statistics. The provisional data released by PBS shows that trade deficit declined
Published 13 Jun, 2014 12:00am
Charity inspired by Prince Charles honours Azhar Mahmood

Charity inspired by Prince Charles honours Azhar Mahmood

Pakistan cricketer Azhar Mahmood has been honoured by a leading Anglo-Asian charity set up at the suggestion of Britain's Prince Charles. All-rounder Mahmood has become an official ambassador of the British Asian Trust, the first Pakistani cricketer to be
Published 13 Jun, 2014 12:00am
Charity inspired by Prince Charles honours Azhar Mahmood

Charity inspired by Prince Charles honours Azhar Mahmood

Pakistan cricketer Azhar Mahmood has been honoured by a leading Anglo-Asian charity set up at the suggestion of Britain's Prince Charles. All-rounder Mahmood has become an official ambassador of the British Asian Trust, the first Pakistani cricketer to be
Published 13 Jun, 2014 12:00am
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