News Archives for Print - 2014-06-22 - Business Recorder

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Print - 2014-06-22

Finance Bill amended: every company must withhold five percent of bonus shares to be issued

Finance Bill amended: every company must withhold five percent of bonus shares to be issued

The approved Finance Bill 2014 here on Saturday said that every company, quoted on stock exchange, issuing bonus shares to the shareholders of the company, shall withhold five percent of the bonus shares to be issued.

Published 22 Jun, 2014 12:00am

Finance Bill amended: every company must withhold five percent of bonus shares to be issued

Finance Bill amended: every company must withhold five percent of bonus shares to be issued

The approved Finance Bill 2014 here on Saturday said that every company, quoted on stock exchange, issuing bonus shares to the shareholders of the company, shall withhold five percent of the bonus shares to be issued.

Published 22 Jun, 2014 12:00am

''''Broken economy'''': opposition disputes Dar''''s claim

''''Broken economy'''': opposition disputes Dar''''s claim

Opposition members in the National Assembly Saturday contested Finance Minister Ishaq Dar''''s claim of inheriting broken economy, saying that the country''''s economic health was not as poor as is being stated by the minister. Amir Munawar Talpur of form

Published 22 Jun, 2014 12:00am

''Broken economy'': opposition disputes Dar''s claim

''Broken economy'': opposition disputes Dar''s claim

Opposition members in the National Assembly Saturday contested Finance Minister Ishaq Dar''s claim of inheriting broken economy, saying that the country''s economic health was not as poor as is being stated by the minister. Amir Munawar Talpur of former r

Published 22 Jun, 2014 12:00am

'Broken economy': opposition disputes Dar's claim

'Broken economy': opposition disputes Dar's claim

Opposition members in the National Assembly Saturday contested Finance Minister Ishaq Dar's claim of inheriting broken economy, saying that the country's economic health was not as poor as is being stated by the minister. Amir Munawar Talpur of former rul

Published 22 Jun, 2014 12:00am

'Broken economy': opposition disputes Dar's claim

'Broken economy': opposition disputes Dar's claim

Opposition members in the National Assembly Saturday contested Finance Minister Ishaq Dar's claim of inheriting broken economy, saying that the country's economic health was not as poor as is being stated by the minister. Amir Munawar Talpur of former rul

Published 22 Jun, 2014 12:00am

Supplementary demands for grants approved

Supplementary demands for grants approved

The National Assembly Saturday approved Rs 5.27 trillion supplementary demands for grants and appropriation for various departments for current fiscal year 2013-14. Finance Minister Ishaq Dar and Federal Minister for Science and Technology, Zahid Hamid pr

Published 22 Jun, 2014 12:00am

Supplementary demands for grants approved

Supplementary demands for grants approved

The National Assembly Saturday approved Rs 5.27 trillion supplementary demands for grants and appropriation for various departments for current fiscal year 2013-14. Finance Minister Ishaq Dar and Federal Minister for Science and Technology, Zahid Hamid pr

Published 22 Jun, 2014 12:00am

Supplementary demands for grants approved

Supplementary demands for grants approved

The National Assembly Saturday approved Rs 5.27 trillion supplementary demands for grants and appropriation for various departments for current fiscal year 2013-14. Finance Minister Ishaq Dar and Federal Minister for Science and Technology, Zahid Hamid pr

Published 22 Jun, 2014 12:00am

Finance Bill sails through: tax-related amendments moved by treasury approved

Finance Bill sails through: tax-related amendments moved by treasury approved

The National Assembly on Saturday approved federal budget with a total outlay of Rs 4.3 trillion, including the Finance Bill 2014, accepting all tax-related amendments moved by the government and rejecting all moved by the opposition parties. Prime Minist

Published 22 Jun, 2014 12:00am

Finance Bill sails through: tax-related amendments moved by treasury approved

Finance Bill sails through: tax-related amendments moved by treasury approved

The National Assembly on Saturday approved federal budget with a total outlay of Rs 4.3 trillion, including the Finance Bill 2014, accepting all tax-related amendments moved by the government and rejecting all moved by the opposition parties. Prime Minist

Published 22 Jun, 2014 12:00am

Finance Bill sails through: tax-related amendments moved by treasury approved

Finance Bill sails through: tax-related amendments moved by treasury approved

The National Assembly on Saturday approved federal budget with a total outlay of Rs 4.3 trillion, including the Finance Bill 2014, accepting all tax-related amendments moved by the government and rejecting all moved by the opposition parties. Prime Minist

Published 22 Jun, 2014 12:00am

Finance Bill sails through: tax-related amendments moved by treasury approved

Finance Bill sails through: tax-related amendments moved by treasury approved

The National Assembly on Saturday approved federal budget with a total outlay of Rs 4.3 trillion, including the Finance Bill 2014, accepting all tax-related amendments moved by the government and rejecting all moved by the opposition parties. Prime Minist

Published 22 Jun, 2014 12:00am

NDMA status: government asked to link trade liberalization to core issues

NDMA status: government asked to link trade liberalization to core issues

Pakistan Institute of Trade and Development (PITAD), an arm of Commerce Ministry, has reportedly recommended to the government that trade liberalisation with India should be linked to progress on Siachen, Sir Creek and water issues, sources close to Comme

Published 22 Jun, 2014 12:00am

NDMA status: government asked to link trade liberalization to core issues

NDMA status: government asked to link trade liberalization to core issues

Pakistan Institute of Trade and Development (PITAD), an arm of Commerce Ministry, has reportedly recommended to the government that trade liberalisation with India should be linked to progress on Siachen, Sir Creek and water issues, sources close to Comme

Published 22 Jun, 2014 12:00am

NDMA status: government asked to link trade liberalization to core issues

NDMA status: government asked to link trade liberalization to core issues

Pakistan Institute of Trade and Development (PITAD), an arm of Commerce Ministry, has reportedly recommended to the government that trade liberalisation with India should be linked to progress on Siachen, Sir Creek and water issues, sources close to Comme

Published 22 Jun, 2014 12:00am

US Congressional committee reduces aid by $65.8 million

US Congressional committee reduces aid by $65.8 million

A key Congressional committee has reduced the US aid money to Pakistan for 2015 by USD 65.8 million as proposed by US President Barack Obama in his annual budget. Approving State Department''s 2015 budget of USD 48.285 billion, the powerful Senate Committ

Published 22 Jun, 2014 12:00am

US Congressional committee reduces aid by $65.8 million

US Congressional committee reduces aid by $65.8 million

A key Congressional committee has reduced the US aid money to Pakistan for 2015 by USD 65.8 million as proposed by US President Barack Obama in his annual budget. Approving State Department's 2015 budget of USD 48.285 billion, the powerful Senate Committe

Published 22 Jun, 2014 12:00am

US Congressional committee reduces aid by $65.8 million

US Congressional committee reduces aid by $65.8 million

A key Congressional committee has reduced the US aid money to Pakistan for 2015 by USD 65.8 million as proposed by US President Barack Obama in his annual budget. Approving State Department's 2015 budget of USD 48.285 billion, the powerful Senate Committe

Published 22 Jun, 2014 12:00am

Nisar directs LEAs to provide foolproof security

Nisar directs LEAs to provide foolproof security

Interior Minister Chaudhry Nisar Ali Khan on Saturday has directed law enforcement agencies to provide foolproof security to Pakistan Awami Tehrik (PAT) Chief Dr Tahir-ul-Qadri upon his arrival on Monday (tomorrow). An official said that the Interior Mini

Published 22 Jun, 2014 12:00am

Nisar directs LEAs to provide foolproof security

Nisar directs LEAs to provide foolproof security

Interior Minister Chaudhry Nisar Ali Khan on Saturday has directed law enforcement agencies to provide foolproof security to Pakistan Awami Tehrik (PAT) Chief Dr Tahir-ul-Qadri upon his arrival on Monday (tomorrow). An official said that the Interior Mini

Published 22 Jun, 2014 12:00am

'I'll be home, come what may'

'I'll be home, come what may'

Addressing media persons upon his arrival in London, Dr Tahirul Qadri said that he was aware that 'severe hurdles' would be created for him from the day one. He said he will reach Pakistan on June 23, come what may, adding that he "is Pakistani national a

Published 22 Jun, 2014 12:00am

'I'll be home, come what may'

'I'll be home, come what may'

Addressing media persons upon his arrival in London, Dr Tahirul Qadri said that he was aware that 'severe hurdles' would be created for him from the day one. He said he will reach Pakistan on June 23, come what may, adding that he "is Pakistani national a

Published 22 Jun, 2014 12:00am

'Revolution' knocking on Sharifs' door? Qadri to arrive tomorrow

'Revolution' knocking on Sharifs' door? Qadri to arrive tomorrow

Pakistan Awami Tehreek (PAT) chief Dr Tahir-ul-Qadri is scheduled to arrive in Pakistan on Monday (tomorrow) with a view to ushering in a 'revolution' in the country. The Canadian-based cleric is optimistic that he has garnered considerable support for hi

Published 22 Jun, 2014 12:00am

'Revolution' knocking on Sharifs' door? Qadri to arrive tomorrow

'Revolution' knocking on Sharifs' door? Qadri to arrive tomorrow

Pakistan Awami Tehreek (PAT) chief Dr Tahir-ul-Qadri is scheduled to arrive in Pakistan on Monday (tomorrow) with a view to ushering in a 'revolution' in the country. The Canadian-based cleric is optimistic that he has garnered considerable support for hi

Published 22 Jun, 2014 12:00am

Prime Minister orders blockade of Afghan SIMs

Prime Minister orders blockade of Afghan SIMs

Prime Minister Nawaz Sharif on Saturday directed the Pakistan Telecommunication Authority (PTA) to block roaming facility of Afghanistan Subscriber Identity Modules (SIMs) in next couple of days inside Pakistan. On the request of law enforcement agencies,

Published 22 Jun, 2014 12:00am

Prime Minister orders blockade of Afghan SIMs

Prime Minister orders blockade of Afghan SIMs

Prime Minister Nawaz Sharif on Saturday directed the Pakistan Telecommunication Authority (PTA) to block roaming facility of Afghanistan Subscriber Identity Modules (SIMs) in next couple of days inside Pakistan. On the request of law enforcement agencies,

Published 22 Jun, 2014 12:00am

Prime Minister orders blockade of Afghan SIMs

Prime Minister orders blockade of Afghan SIMs

Prime Minister Nawaz Sharif on Saturday directed the Pakistan Telecommunication Authority (PTA) to block roaming facility of Afghanistan Subscriber Identity Modules (SIMs) in next couple of days inside Pakistan. On the request of law enforcement agencies,

Published 22 Jun, 2014 12:00am

Curfew imposed on North Waziristan for indefinite period

Curfew imposed on North Waziristan for indefinite period

Curfew was clamped in North Waziristan on Saturday for an indefinite period as armed forces continued to battle militants in the restive tribal region. According to sources, fighter jets pounded more Taliban's hideouts in North Waziristan, killing at leas

Published 22 Jun, 2014 12:00am

Curfew imposed on North Waziristan for indefinite period

Curfew imposed on North Waziristan for indefinite period

Curfew was clamped in North Waziristan on Saturday for an indefinite period as armed forces continued to battle militants in the restive tribal region. According to sources, fighter jets pounded more Taliban's hideouts in North Waziristan, killing at leas

Published 22 Jun, 2014 12:00am

The Weather

The Weather

The weather report on Saturday (June 21, 2014) and the forecast for Sunday (June 22, 2014).

Published 22 Jun, 2014 12:00am

Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (June 21, 2014).

Published 22 Jun, 2014 12:00am

Poultry Rates

Poultry Rates

Wholesale poultry rates on Saturday (June 21, 2014) and for Sunday (June 22, 2014).

Published 22 Jun, 2014 12:00am

Karachi Yarn Market Rate

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (June 21, 2014).

Published 22 Jun, 2014 12:00am

Karachi Yarn Market Rate

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (June 21, 2014).

Published 22 Jun, 2014 12:00am

Faisalabad yarn and fibre prices

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (June 21, 2014).

Published 22 Jun, 2014 12:00am

Faisalabad yarn and fibre prices

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (June 21, 2014).

Published 22 Jun, 2014 12:00am

Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (June 21, 2014).

Published 22 Jun, 2014 12:00am

Lahore Paper Market Rates

Lahore Paper Market Rates

Paper market rates in rupees on Saturday (June 21, 2014).

Published 22 Jun, 2014 12:00am

Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 21, 2014).

Published 22 Jun, 2014 12:00am

Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (June 21, 2014).

Published 22 Jun, 2014 12:00am

Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (June 21, 2014).

Published 22 Jun, 2014 12:00am

World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (June 21, 2014).

Published 22 Jun, 2014 12:00am

World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (June 21, 2014).

Published 22 Jun, 2014 12:00am

Port Qasim Authority

Port Qasim Authority

Karachi Shipping Intelligence at Port Qasim report incorporating changes till 7 am on Saturday (June 21, 2014).

Published 22 Jun, 2014 12:00am

Port Qasim Authority

Port Qasim Authority

Karachi Shipping Intelligence at Port Qasim report incorporating changes till 7 am on Saturday (June 21, 2014).

Published 22 Jun, 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 Saturday (June 21, 2014).

Published 22 Jun, 2014 12:00am

THE RUPEE: steadier trend

THE RUPEE: steadier trend

Firmness prevailed on the money market on Saturday as the rupee sustained its overnight levels versus the dollar in the process of trading, dealers said. The rupee did not move any side in relation to the dollar for buying and selling at Rs 99.70 and Rs 9

Published 22 Jun, 2014 12:00am

THE RUPEE: steadier trend

THE RUPEE: steadier trend

Firmness prevailed on the money market on Saturday as the rupee sustained its overnight levels versus the dollar in the process of trading, dealers said. The rupee did not move any side in relation to the dollar for buying and selling at Rs 99.70 and Rs 9

Published 22 Jun, 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 Saturday (June 21, 2014).

Published 22 Jun, 2014 12:00am

Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (June 21, 2014).

Published 22 Jun, 2014 12:00am

World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (June 21, 2014).

Published 22 Jun, 2014 12:00am

Currency values in terms of Special Drawing Rights

Currency values in terms of Special Drawing Rights

The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special Drawing Rights (SDR).

Published 22 Jun, 2014 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Saturday (June 21, 2014).

Published 22 Jun, 2014 12:00am

Indian oilseeds, soyaoil, sugar fall; cumin seed rises

Indian oilseeds, soyaoil, sugar fall; cumin seed rises

Indian oilseeds and soyaoil futures fell on Friday on the progress of monsoon in the country, while bearish cues from the global market and weak exports of soyameal added to the downside. The monsoon has covered half of India's landmass four days behind t

Published 22 Jun, 2014 12:00am

China think-tank revises down corn demand forecast

China think-tank revises down corn demand forecast

China's corn consumption in the year ending September is likely to grow 2 percent from the previous year, according to an official think-tank, revised down from an earlier estimate due to lower-than-expected growth in animal feed demand. China National Gr

Published 22 Jun, 2014 12:00am

Indonesia set to miss ambitious 2014 biodiesel targets

Indonesia set to miss ambitious 2014 biodiesel targets

Indonesia is set to miss its ambitious targets on the use of biodiesel this year due to logistical and infrastructure problems, government officials and analysts said, potentially weighing on the price of palm oil. Southeast Asia's biggest economy and the

Published 22 Jun, 2014 12:00am

Oil cake market rates

Oil cake market rates

The futures were higher on the forward cottonseeds oilcake market on Saturday in the process of trading, dealers said. The July contract closed at Rs 1850.50 and it opened with 20 paisa rise at Rs 1850.70 in the early session, they said. The July vaida en

Published 22 Jun, 2014 12:00am

Dullness persists on cotton market

Dullness persists on cotton market

Mills and spinners were conspicuous by their absence on the cotton market on Saturday, dealers said. The official spot rate held the overnight level at Rs 6,800, they added. In the ready session, no any deal was reported as participants preferred to be si

Published 22 Jun, 2014 12:00am

CBOT wheat futures lower on technical selling

CBOT wheat futures lower on technical selling

Wheat futures on the Chicago Board of Trade fell Friday on technical selling and seasonal pressure from the expanding winter wheat harvest in the Northern Hemisphere, traders said. Technical selling accelerated in CBOT July wheat as the contract dropped b

Published 22 Jun, 2014 12:00am

Taiwan buys 96,180 tonnes of US wheat

Taiwan buys 96,180 tonnes of US wheat

The Taiwan Flour Millers' Association has purchased 96,180 tonnes of milling wheat to be sourced from the United States in a tender for the same volume which closed on Friday, European traders said. The tender had sought shipment in two consignments betwe

Published 22 Jun, 2014 12:00am

Prices mixed on grain market

Prices mixed on grain market

Prices were mixed on the wholesale grain market on Saturday in the process of trading, dealers said. On the cereals side, Moong Punjab was down by Rs 800 to Rs 12000, wheat new (bardan) was also up by Rs 10 to Rs 3290, other items maintained overnight lev

Published 22 Jun, 2014 12:00am

US natural gas futures end week lower

US natural gas futures end week lower

US natural gas futures fell on Friday and ended the week 4 percent lower as utilities refill storage at a record pace and weather forecasts call for some cooler weather and weaker demand in the eastern part of the country next week. "US weather models hav

Published 22 Jun, 2014 12:00am

FOB Gulf corn firm, soya steady

FOB Gulf corn firm, soya steady

FOB Gulf corn values were steady to firm and soyabeans steady while Egypt's GASC put out a tender for August wheat cargoes after the close of Chicago futures, traders said on Friday. FOB Gulf corn for July was offered 5 cents higher at 90 cents over CBOT

Published 22 Jun, 2014 12:00am

Port Qasim's activities

Port Qasim's activities

A cargo volume of 106,553 tonnes comprising 94,303 tonnes of import cargo and 12,250 tonnes of export cargo inclusive 1,344 loaded and empty containers (TEUs) was handled at Port Qasim during the last 24 hours on Saturday. The total import cargo of 94,303

Published 22 Jun, 2014 12:00am

India to raise coal output from old mines

India to raise coal output from old mines

India's coal and power minister said he will seek environment ministry approval next week to raise output from coal mines as an interim step to augment supply for power generation, a focus area for new Prime Minister Narendra Modi. Coal India, which accou

Published 22 Jun, 2014 12:00am

Indian tea prices jump

Indian tea prices jump

Average tea prices in India, the world's second-biggest producer, jumped at this week's auction on robust demand amid a drop in supplies due to dry weather. The CTC (crush-tear-curl) grade leaf was sold at 170.44 rupees ($2.84) per kg, up 2.85 percent fro

Published 22 Jun, 2014 12:00am

European animal feed soyameal drops on US futures fall

European animal feed soyameal drops on US futures fall

Soyameal on Europe's animal feed market was mostly weaker on Friday, pushed down by a combination of falling US soyameal futures and slack demand. "The markets were pretty quiet today and I saw no major trading," one soyameal dealer said. "Buyers are hopi

Published 22 Jun, 2014 12:00am

Saudi Arabia seeks to buy 715,000 tonnes of EU wheat

Saudi Arabia seeks to buy 715,000 tonnes of EU wheat

Saudi Arabia's state grains authority GSFMO has issued an international tender to purchase 715,000 tonnes of wheat, European traders said on Thursday. The kingdom has become a large importer of wheat since abandoning plans for self-sufficiency in the grai

Published 22 Jun, 2014 12:00am

Black Sea wheat exports to decline by three percent in 2014-15

Black Sea wheat exports to decline by three percent in 2014-15

Wheat exports from Russia, Ukraine and Kazakhstan will decline 3 percent in the 2014/15 marketing year as a smaller sown area and lack of ready financing was partly offset by favourable weather, a Reuters poll showed. The three major global wheat exporter

Published 22 Jun, 2014 12:00am

South Korean border guard kills five fellow soldiers

South Korean border guard kills five fellow soldiers

A military manhunt was underway Saturday for a South Korean soldier who shot and killed five members of his own unit at a guard post on the border with North Korea. "He shot dead five fellow soldiers, wounded five others and then fled the scene with his r

Published 22 Jun, 2014 12:00am

Syria warns UN: aid delivery without consent is an attack

Syria warns UN: aid delivery without consent is an attack

Syria's government warned the UN Security Council that delivering humanitarian aid across its borders into rebel-held areas without its consent would amount to an attack, suggesting it would have the right to retaliate against convoys. As the veto-wieldin

Published 22 Jun, 2014 12:00am

Controversial Nazi-themed Indonesian cafe reopens

Controversial Nazi-themed Indonesian cafe reopens

A controversial Nazi-themed cafe in Indonesia that closed shop last year after sparking international outrage reopened Saturday with its walls still bearing swastikas and a painting of Adolf Hitler. The SoldatenKaffee ("The Soldiers' Cafe") was voluntaril

Published 22 Jun, 2014 12:00am

Somali journalist killed in bomb attack

Somali journalist killed in bomb attack

A Somali journalist died in Mogadishu Saturday after a bomb believed to have been attached to his car was remotely detonated, police and witnesses said. The victim, prominent local journalist Yusuf Keynan, was working with Mustaqbal radio, a private Mogad

Published 22 Jun, 2014 12:00am

Ancient Inca roads win coveted World Heritage status

Ancient Inca roads win coveted World Heritage status

UN cultural agency UNESCO on Saturday granted its coveted World Heritage status to a vast and ancient Inca road system spanning six countries in South America. The listing of the Qhapaq Nan roads will boost efforts to preserve and promote the network - an

Published 22 Jun, 2014 12:00am

Zimbabwe editor charged with attempted terrorism, insurgency

Zimbabwe editor charged with attempted terrorism, insurgency

Zimbabwe on Saturday laid attempted terrorism, insurgency and banditry charges against the editor of a state-run newspaper, accusing him of being an anonymous Facebook blogger who claimed to be a mole in President Robert Mugabe's ruling party. In charges

Published 22 Jun, 2014 12:00am

Turkey to fill Kurdish oil shortage: minister

Turkey to fill Kurdish oil shortage: minister

Turkey said Saturday it will provide fuel to Iraq's Kurdistan region to make up for a shortage caused by a militant offensive that has shut down the country's biggest oil refinery. Militants led by the Islamic State of Iraq and the Levant (ISIL) have seiz

Published 22 Jun, 2014 12:00am

China urges peaceful development of seas, says conflict leads to 'disaster'

China urges peaceful development of seas, says conflict leads to 'disaster'

China, involved in a growing dispute with its neighbours over the energy-rich South China Sea, wants to promote peaceful development of the oceans, Premier Li Keqiang said, warning conflicts in the past had only brought "disaster for humanity". China clai

Published 22 Jun, 2014 12:00am

After eurozone crisis, IMF rethinks rescues

After eurozone crisis, IMF rethinks rescues

The International Monetary Fund is rethinking bailouts in the wake of the eurozone crisis, with an eye to giving governments near default better options to stabilise their finances. To date the world's crisis lender has had two choices to help out a count

Published 22 Jun, 2014 12:00am

Family friendly workplaces would boost economy: White House

Family friendly workplaces would boost economy: White House

The United States could boost its sagging labour force participation rate and get more people back to work - if more businesses had family friendly policies such as paid maternity and paternity leave, the White House said in a report on Friday. "Trying to

Published 22 Jun, 2014 12:00am

Shell offers $51 million to settle Nigeria oil spills

Shell offers $51 million to settle Nigeria oil spills

Royal Dutch Shell is ready to pay up to 30 million pounds ($51 million) in compensation for two oil spills in Nigeria in 2008 after a London court rejected a larger claim, sources involved in the case said on Friday. Around 15,000 residents of the Bodo co

Published 22 Jun, 2014 12:00am

Merkel praises growth-friendly budget policies

Merkel praises growth-friendly budget policies

Growth-friendly budget policies such as higher investment in innovation, research and transport were crucial to helping Germany cut its debt Chancellor Angela Merkel said on Saturday. Next year, the German government plans to refrain from taking on any ne

Published 22 Jun, 2014 12:00am

Fresh austerity protests hit Portugal

Fresh austerity protests hit Portugal

Several thousand protesters took to the streets of Lisbon on Saturday in the latest demonstration against the austerity policies of Portugal's centre-right government. "Change the policies" and "Out with the government" chanted members of the country's la

Published 22 Jun, 2014 12:00am

Argentina's Kirchner wants 'just and equitable' deal on debt

Argentina's Kirchner wants 'just and equitable' deal on debt

Argentine President Cristina Kirchner signalled her willingness Friday to enter negotiations on the country's debt, as the country faces a potential default at the end of the month. But a US federal judge ordered Buenos Aires to pay holdout hedge fund bon

Published 22 Jun, 2014 12:00am

Citigroup investment bank chairman Ned Kelly retires

Citigroup investment bank chairman Ned Kelly retires

Citigroup Inc said on Friday that Ned Kelly, a former chief financial officer who went on to advise as chairman of the company's investment bank, is retiring. Kelly, 61, will be replaced by Stephen Volk, who joined the bank in 2004 and will continue to be

Published 22 Jun, 2014 12:00am

US revamping Boeing missile defense deal as crucial test looms

US revamping Boeing missile defense deal as crucial test looms

The Pentagon is restructuring a $3.48 billion contract with Boeing Co for management of the troubled US homeland missile defence program, said two sources familiar with the situation. The system, which faces a critical test on Sunday, has failed to hit a

Published 22 Jun, 2014 12:00am

US revamping Boeing missile defense deal as crucial test looms

US revamping Boeing missile defense deal as crucial test looms

The Pentagon is restructuring a $3.48 billion contract with Boeing Co for management of the troubled US homeland missile defence program, said two sources familiar with the situation. The system, which faces a critical test on Sunday, has failed to hit a

Published 22 Jun, 2014 12:00am

Panasonic to sell birthplace of its TV business

Panasonic to sell birthplace of its TV business

Japan's electronics giant Panasonic will sell the plant where it first got into the television business half a century ago as it shifts away from the money-losing division, a report said Saturday. The company plans to sell 60 percent of the plant's 120,00

Published 22 Jun, 2014 12:00am

American Apparel finds CEO misused funds

American Apparel finds CEO misused funds

An internal investigation at American Apparel Inc has found that its CEO Dov Charney violated company policies, ranging from misusing company funds to failing to stop the discrediting of at least one former employee who had accused him of sexual harassmen

Published 22 Jun, 2014 12:00am

American Apparel finds CEO misused funds

American Apparel finds CEO misused funds

An internal investigation at American Apparel Inc has found that its CEO Dov Charney violated company policies, ranging from misusing company funds to failing to stop the discrediting of at least one former employee who had accused him of sexual harassmen

Published 22 Jun, 2014 12:00am

American Apparel finds CEO misused funds

American Apparel finds CEO misused funds

An internal investigation at American Apparel Inc has found that its CEO Dov Charney violated company policies, ranging from misusing company funds to failing to stop the discrediting of at least one former employee who had accused him of sexual harassmen

Published 22 Jun, 2014 12:00am

GM board warned of serious problems by quality manager in 2002

GM board warned of serious problems by quality manager in 2002

A former head of General Motors corporate quality audit warned the company's board in a letter in 2002 that it needed to "stop the continued shipment of unsafe vehicles" and "recall suspect vehicles that were already in customers' hands." The letter from

Published 22 Jun, 2014 12:00am

Google considering investment in new subsea cable

Google considering investment in new subsea cable

Google Inc is considering an investment in a new cable across the Pacific Ocean, the Wall Street Journal reported citing people familiar with the matter. The move comes as technology companies send an increasing amount of traffic across private networks,

Published 22 Jun, 2014 12:00am

Nadal fears another Wimbledon giant-killing

Nadal fears another Wimbledon giant-killing

World number one Rafael Nadal fears he could be the victim of another Wimbledon giant-killing this year. Nadal continues to trounce all challengers on his favourite claycourts at the French Open, where he was crowned champion for an incredible ninth time

Published 22 Jun, 2014 12:00am

Maradona slams FIFA over Costa Rica doping scrutiny

Maradona slams FIFA over Costa Rica doping scrutiny

Football legend Diego Maradona hit out at FIFA after claiming seven of Costa Rica's players were subjected to post-match doping controls over fears sponsors would not pay up if bigger teams like Italy failed to get out of the group stage at the World Cup

Published 22 Jun, 2014 12:00am

Dhoni backs inexperienced team against England

Dhoni backs inexperienced team against England

Indian skipper Mahendra Singh Dhoni said Saturday his inexperienced team was ready to take on England in India's first five-Test series there in 55 years. India last toured England in 2011 but haven't played five tests on English soil since 1959 when the

Published 22 Jun, 2014 12:00am

Sri Lanka fight back after Robson century

Sri Lanka fight back after Robson century

Australia-born opener Sam Robson scored his maiden Test century before Sri Lanka checked England's progress on the second day of the second Test at Headingley on Saturday. England were 320 for six in reply to Sri Lanka's 257, a lead of 63 runs, at stumps

Published 22 Jun, 2014 12:00am

One-year doping ban for Tamgho

One-year doping ban for Tamgho

French triple jump world champion Teddy Tamgho has been handed a one-year ban for missing three out-of-competition doping tests, the French Athletics Federation (FFA) announced on Saturday. The suspension was backdated to start on March 18, 2014 the FFA s

Published 22 Jun, 2014 12:00am

Tour to England: 28 players to play trial matches for Pakistan U-17 team

Tour to England: 28 players to play trial matches for Pakistan U-17 team

Junior National Selection Committee of Pakistan Cricket Board (PCB) has short listed as many as 28 cricket players to take part in five trial matches in order to select the Pakistan U-17 cricket team for the forthcoming tour of England in August 2014. In

Published 22 Jun, 2014 12:00am

Bautista Agut, Vandeweghe win maiden titles

Bautista Agut, Vandeweghe win maiden titles

Spain's Roberto Bautista Agut claimed the first title of his career at the ATP/WTA 's-Hertogenbosch Open on Saturday, just hours after Coco Vandeweghe clinched her maiden success on the same court. Bautista Agut, the world number 28, came from a set down

Published 22 Jun, 2014 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 17	278.30
USD PKR Interbank Buying / May 17	278.10
USD to Japanese Yen / May 17	155.67
USD to Swiss Franc / May 17	0.91
Pound Sterling to USD / May 17	1.27
Euro to USD / May 17	1.09

Stock	Volume
S&P 500 / May 16	5297.10
Nasdaq / May 16	16698.32
Dow Jones / May 16	39869.38
India Sensex / May 17	73946.83
Tokyo Nikkei / May 17	38787.38
Hang Seng / May 17	19525.75
FTSE 100 / May 17	8430.62
Germany DAX 30 / May 17	18692.83

Item	Value
Crude Oil USD/Barrel / May 17	79.59
Karachi Cotton PKR/37.32 KG / May 17	19935
Gold 10 Grams PKR / May 17	210048
Gold Spot USD/Ounce / May 17	2386.18
Cotton US¢/pound / May 17	76.29
Petrol/Litre / May 18	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 18 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 18 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 18 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 18 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 18 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 18 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 18 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 18 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 18 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 18 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 18 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 18 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 18 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 18 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 18 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 18 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 18 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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Immovable properties: Hike in advance tax on purchase likely

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PIA privatisation: deadline for EoI submission not expected to be extended further

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Borrowings, mark-up payments: Policy rate hike pushed up FY23 cost

Govt intends to convert 3 imported coal-run power plants to Thar coal

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Pakistan’s current account posts surplus of $491mn in April 2024

Pakistan’s current account posts surplus of $491mn in April 2024

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Pakistani companies with market cap of over $1bn at PSX

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OGDC sees significant boost in oil production at KPK well

OGDC sees significant boost in oil production at KPK well

Pakistan’s pharma sector can increase exports to $3bn in five years, but it ‘needs policy, govt support’

Pakistan’s pharma sector can increase exports to $3bn in five years, but it ‘needs policy, govt support’