News Archives for Print - 2014-07-09

Print - 2014-07-09

Islamabad airport: Senate body asks CAA to propose proper security measures

Senate Standing Committee on Cabinet Secretariat on Tuesday directed the Civil Aviation Authority (CAA) to propose proper security measures for the new Islamabad airport and implement strict laws before the construction in nearby housing societies. The co

Published 09 Jul, 2014 12:00am

Hot & humid weather forecast today

Hot and humid weather conditions are expected in most parts of the country today. However, rain-thundershower is expected at isolated places of Gilgit-Baltistan. In its daily weather report, the Met Office said that hot and humid weather conditions are ex

Published 09 Jul, 2014 12:00am

38 held in crackdown against profiteers

District administration arrested 38 persons as the crackdown against profiteers was extended to suburban areas of the city. According to details, on the directives of the Deputy Commissioner (DC) Peshawar, Syed Zaheer-ul-Islam, Additional Assistant Commis

Published 09 Jul, 2014 12:00am

Levy of 17 percent: ACT to discourage companies declaring losses: FBR

The Federal Board of Revenue (FBR) has estimated major reduction in the number of companies persistently declaring losses to evade income tax after the introduction of 17 percent Alternative Corporate Tax (ACT) under Finance Act, 2014. Sources told Bus

Published 09 Jul, 2014 12:00am

HBL, IBA sign MoU for banking services

HBL, Pakistan's largest Bank, recently signed an agreement with IBA, Pakistan's most trusted name in higher education sector for HBL employee banking solution. The solution will allow IBA to avail customised payroll and salary account services for IBA's e
Published 09 Jul, 2014 12:00am

Azam assumes charge as acting secretary for information

Mohammad Azam assumed charge as Acting Secretary Ministry of Information, Broadcasting and National Heritage on Tuesday. He joined Information Services of Pakistan after qualifying CSS in 1981. He served as Principal Information Officer (PIO), Joint Secre
Published 09 Jul, 2014 12:00am

Appointment of CEC: PPP, PTI hold talks on formation of body

The top leadership of Pakistan Tehrik-e-Insaf and Pakistan People's Party have discussed the appointment of the Chief Election Commissioner and issues pertaining to a parliamentary committee on election reforms. PTI leader Shah Mahmood Qureshi told Bus
Published 09 Jul, 2014 12:00am

Coal-based power projects: Sindh government actively executing plan: Qaim

The Chief Minister Sindh Syed Qaim Ali Shah who is also the Chairman of Thar Coal Energy Board (TCEB) said Thar Coal Project (TCP) enjoying the Ownership equally from federal and provincial governments. He said Sindh government is actively implementing th
Published 09 Jul, 2014 12:00am

Price control in Ramazan; LHC summons DCO

The Lahore High Court here on Tuesday directed District Co-ordination Officer (DCO) to appear in person on Wednesday (today) in a petition challenging high prices and hoarding before and during the holy month of Ramazan and explain as to why government fa
Published 09 Jul, 2014 12:00am

Huge quantity of narcotics seized, eight held

The Anti-Narcotics Force (ANF) in different raids recovered 1010kgs charas, 5 kgs heroin and 1.7kg amphetamine. ANF arrested eight persons and seized two vehicles. An ANF spokesman said on Tuesday that ANF Lahore seized a Honda Airwave Car No UU-106-ICT n
Published 09 Jul, 2014 12:00am

Operation to continue till elimination of terrorism: Prime Minister

Prime Minister Muhammad Nawaz Sharif has directed to take all possible measures to reduce hardships of Internally Displaced Persons (IDPs). This he said during a meeting with Finance Minister Ishaq Dar here on Tuesday. The finance minister informed about
Published 09 Jul, 2014 12:00am

Modern transmitters to be operational in August: PBC

High-power transmitters of Radio Pakistan will become operational in different cities including Dera Ismail Khan, Hyderabad and Faqirabad in August, said a PBC spokesman here on Tuesday. Talking to Agency, Mehmood Riaz uddin said the organisation had laun
Published 09 Jul, 2014 12:00am

US firm interested in treatment of solid wastes in Karachi

A US private firm has expressed interest in treatment and disposal of the solid waste of the city. A four-member delegation of American Princeton Environmental Group Inc called on Administrator Karachi Rauf Akhter Farooqui to discuss the solid water manag
Published 09 Jul, 2014 12:00am

Poverty Reduction Programme: Qaim welcomes EU for supporting Sindh government

The Chief Minister Sindh Syed Qaim Ali Shah welcomed and appreciated the European Union for supporting Sindh Government in implementation on its five years poverty reduction Program "Sindh Union Council and Community Economic Strengthening Support (SUCESS
Published 09 Jul, 2014 12:00am

PTA, FIA confiscate 2 illegal gateway exchanges

A joint team of Pakistan Telecommunication Authority (PTA) and Federal Investigation Agency (FIA) carried out two more successful raids and confiscated two operational illegal gateways exchanges along with supporting equipment and hundreds of SIMs.
Published 09 Jul, 2014 12:00am

Cop among five killed in metropolis

At least five people including a cop were killed in separate incidents of violence while CPLC claimed to have recovered two abductees here on Tuesday. According to police and rescue sources, Assistant Sub-Inspector (ASI) Muhammad Ali was shot and killed b
Published 09 Jul, 2014 12:00am

New textile policy yet to be announced: government inaction hinders industry from availing GSP plus facility

The country's textile sector is midway stuck to carry on their global trade especially with the EU under the GSP Plus regime since the textile policy lapsed last month, industry sources said on Tuesday. "The government's stagnant approach towards the econ
Published 09 Jul, 2014 12:00am

Zardari condoles death of Qasmi's sister

Former President Asif Ali Zardari has condoled the death of sister of renowned writer and columnist Ata-ul-Haq Qasmi. Former President in a condolence message addressed to Ata-ul-Qasmi said he was shocked and grieved by the news of his sister's death. Dea
Published 09 Jul, 2014 12:00am

Dr Mehr made president PTI women wing in KP

Advisor to KP Chief Minister on Social Welfare and Women Development, Dr Mehr Taj Rogahni has been appointed as provincial president Pakistan Tehrik-e-Insaf women wing. According to a press release issued by PTI media cell here on Tuesday, the Party Chair
Published 09 Jul, 2014 12:00am

Three alleged members of TTP killed in encounter

City police on Tuesday claimed to have killed three members of the banned Tehreek-e-Taliban Pakistan (TTP) during an alleged encounter in SITE area. According to police, the encounter took place in wee hours of Tuesday when the terrorists attacked a polic
Published 09 Jul, 2014 12:00am

Sasta bazaars: vendors selling items at higher prices

The prices of fruit, vegetables and other food items at Sasta bazaars are still beyond the purchasing power of the general public. Despite tall claims of the Commissioner Karachi about stabilising the prices, a visit to different Sasta bazaars on Tuesday
Published 09 Jul, 2014 12:00am

Woman among three killed in road accidents

Two people were killed and three were injured when a truck loaded with chickens overturned near toll plaza at National Highway. According to rescue sources, the chicken loaded truck overturned after the driver lost the control of his vehicle due to which
Published 09 Jul, 2014 12:00am

Relieving of Sindh IGP Iqbal Mehmood: SHC seeks arguments on petition's maintainability

The Sindh High Court (SHC) on Tuesday directed the counsel for the petitioner to satisfy it with regard to maintainability of a petition filed against the Sindh government's decision to surrender the services of Sindh IGP Iqbal Mehmood to the federal gove
Published 09 Jul, 2014 12:00am

OMCs' volumetric sales up by seven percent in fiscal year 2014

Oil Marketing Companies (OMCs) managed to fortify their volumetric sales by 7 percent YoY to 20.04 million tons in FY14, as compared to 18.7 million tons in FY-13, according to a report released by Invest Cap. Oil Companies Advisory Committee (OCAC) has r
Published 09 Jul, 2014 12:00am

SECP takes action against non-compliant market participants

Develop-ment of transparent and efficient securities market is one of the prime objectives of the Securities and Exchange Commission of Pakistan ('SECP'). Accordingly, Securities Market Division of SECP took enforcement actions and penalised the market pa
Published 09 Jul, 2014 12:00am

IDPs registration process continues on second day in Peshawar

The registration of displaced people from North Waziristan in wake of ongoing military operation 'Zarb-i-Azb", in tribal agency, continued in Peshawar for the second day on Tuesday, while the number of IDPs, soared up at around 0.8million (800,000), accor
Published 09 Jul, 2014 12:00am

EU warns of ban if mangoes found infested with fruit flies

Pakistani mangoes would face a ban in the lucrative European Union (EU) markets if another three cases of infestation of fruit flies in shipments is found as the UK's Department for Environment, Food and Rural Affairs (DEFA) has already intercepted two su
Published 09 Jul, 2014 12:00am

Faiq Sadiq joins Youth Impact as Chairman Board of Advisors

Seasoned banker and currently Head of Payment Services, Habib Bank Ltd, Faiq Sadiq joined Youth Impact as Chairman Board of Advisors. Youth Impact, a not-for-profit company, is a leadership training firm, which pioneered wilderness based youth leadership
Published 09 Jul, 2014 12:00am

'Government utilising all resources for mitigating IDPs' sufferings'

Federal Minister for States and Frontier Regions (Safron) Lieutenant General Abdul Qadir Baloch (Retd) has said the government is well aware of the condition of Internally Displaced Persons (IDPs) from the North Waziristan Agency (NWA) and it is utilising
Published 09 Jul, 2014 12:00am

Bullet-riddled body found in Chaman

Gunny bag packed body of an unknown man was recovered here on Tuesday. Levies sources said that a bullet riddled body enclosed in gunny bag was found in Boughara area of Chaman. The body was shifted to Civil Hospital Chaman for medico-legal formalities an
Published 09 Jul, 2014 12:00am

Yaum-i-Babul Islam today

Mrs Sadia Rashid, President, Hamdard Foundation Pakistan in her statement said that 10th of Ramazan, Yaum-i-Babul Islam had a significant place in Muslim history of sub-continent as it was the day when Muslim forces under the command of young and dynamic
Published 09 Jul, 2014 12:00am

World Bank approves Sindh Agricultural Growth Project

The World Bank's Board of Executive Directors has approved the Sindh Agricultural Growth Project worth $76.4 million. The project aims at improving the productivity and market access of small and medium producers in important commodity value chains benefi
Published 09 Jul, 2014 12:00am

Khyber Pakhtunkhwa government misses wheat procurement target for current season

Due to inability of provincial food department, Khyber-Pakhtunkhwa government has yet again missed the wheat procurement target, set for current season. The provincial food department has only managed to purchase 63,000 tons of wheat from local purchases,
Published 09 Jul, 2014 12:00am

Driver kidnapped in Nasirabad

Unknown armed men abducted a truck driver from Bakhtiarabad area of Nasirabad district on Tuesday. According to Levies force, a Sindh-bound truck from Quetta was on its way when armed men intercepted and took away a driver Asmatullah to an unknown destina
Published 09 Jul, 2014 12:00am

ICAP opens office in Sukkur

The Institute of Chartered Accountants of Pakistan (ICAP) opened a satellite office in District Sukkur for the convenience of local residents and the people of interior Sindh. The new office, located in Sukkur Institute of Business Administration (Sukkur
Published 09 Jul, 2014 12:00am

Expo 2015: Alitalia, Etihad Airways named Official Global Airline Carriers

Alitalia, Italy's leading carrier and a partner of the SkyTeam Alliance, and Etihad Airways, the national airline of the United Arab Emirates, have jointly been named as Official Global Airline Carriers for Expo 2015. Expo 2015, the upcoming Universal Exp
Published 09 Jul, 2014 12:00am

Promotion of FBR employee: LHC issues notices to Finance Secretary, others

A writ petition has been admitted by Lahore High Court (LHC) against the Federal Board of Revenue (FBR) on the issue of prolonged delay in the promotion of an FBR employee - Assistant Private Secretary. It was learnt here on Tuesday that after admitting a
Published 09 Jul, 2014 12:00am

UAF launches first agriculture mobile phone android application

The University of Agriculture Faisalabad has launched first agricultural mobile phone android application relating to different crops and fruits diseases, their solutions and ways to increase productivity in order to educate the farming community. It was
Published 09 Jul, 2014 12:00am

Doctors asked to launch drive against hazardous smoking

Punjab Finance Minister Mujtaba Shuja ur Rehman has stressed upon the doctors community for launching massive awareness campaign for sensitising the people about hazardous aspects of smoking with a view to prevent TB, heart, lungs, bronchitis and various
Published 09 Jul, 2014 12:00am

Daily use commodities easily available at Ramazan Bazaars

As many as 51,000 flour bags of 10 kilograms each, 153,000 kilograms of chicken meat and 6405 dozens of eggs were sold in Ramazan Bazaars during one-day throughout province on Monday. This was said at a meeting of the cabinet committee for price control m
Published 09 Jul, 2014 12:00am

'Profiteering being effectively discouraged'

Punjab Minister for Population Welfare Zakia Shahnawaz has said that the profiteering in items of daily use had been effectively discouraged through the successful measures of Punjab government and the people were being provided quality essential commodit
Published 09 Jul, 2014 12:00am

Issues of Punjab-based textile mills: APTMA leadership to meet government officials today

Chairman APTMA Punjab S M Tanveer said on Tuesday that an emergent general body meeting of APTMA Punjab had authorised the leadership to take final decision regarding an indefinite strike after a meeting with the government functionaries in Islamabad toda
Published 09 Jul, 2014 12:00am

Shahbaz calls to implement Ramazan Package

Chief Minister Punjab Muhammad Shahbaz Sharif has asked authorities to rigorously implement Ramazan Package. He giving instructions said quality and commodities supply in Ramazan should be completely ensured. Chief Minister stated that action should be ta
Published 09 Jul, 2014 12:00am

Stoppage from Iranian border causes hike in LPG prices

The Liquefied Petroleum Gas Association of Pakistan (LPGAP) on Tuesday clarified that the temporary upward fluctuation in the prices of the LPG was due to decrease/stoppage of the commodity from Iranian border because of law-and-order situation in Iraq an
Published 09 Jul, 2014 12:00am

PML-N government sets a record of price hike: JI chief

Ameer, Jamaat e Islami, Pakistan, Sirajul Haq, said the PML (N) government has set a record of price hike during its one year rule. In a statement here on Tuesday, he said during one year period of the PML(N), the raise in the prices has been equal to rai
Published 09 Jul, 2014 12:00am

PIAF calls for steps to end loadshedding on war footing

Pakistan Industrial and Traders Associations Front (PIAF) has called for steps on war footing to put an end the unannounced prolonged loadshedding because the situation is fast heading towards a point of no return. PIAF Chairman Malik Tahir Javed in a sta
Published 09 Jul, 2014 12:00am

Value-added textile sector: revival of sick units must for benefiting from GSP Plus: FCCI

The revival of sick units should be the top priority of the government in order to fully harvest the benefit of GSP Plus and it is also imperative to provide jobs to the unemployed youth, said Suhail Bin Rashid, President of Faisalabad Chamber of Commerce
Published 09 Jul, 2014 12:00am

Qureshi meets PML-Q leadership: PTI's long march on August 14

Pakistan Tehreek-e-Insaf (PTI) Vice Chairman Makhdoom Shah Mehmood Qureshi on Tuesday met PML-Q leadership here at Chaudhry Brothers' Gulberg residence and discussed PTI's long march planned on August 14 and other matters of national importance besides ov
Published 09 Jul, 2014 12:00am

Vigorous fund raising campaign for IDPs begins

Central leader PML-N Hamza Shahbaz Sharif MNA has said that a vigorous fund raising campaign has been started for assistance of IDPs. While presiding over a meeting of Chief Minister's Committee constituted for IDPs at Model Town office, Hamza said the na
Published 09 Jul, 2014 12:00am

12,700 government officials to get residence in capital

As many as 12,700 out of 22,000 federal government employees, registered with the Ministry of Housing and Works, in first phase would get plots, flats and houses in Bhara Kahu, ground plus 14 storey apartments building (Life style residency) in G-13 and F
Published 09 Jul, 2014 12:00am

FED collection: row between FBR and airlines ends

A row between the Federal Board of Revenue (FBR) and international airlines on Federal Excise Duty (FED) collection has ended after the latter started collecting FED difference from travellers, who booked tickets before July 1, 2014, at airports, it is le
Published 09 Jul, 2014 12:00am

Pakistani MPs hold meetings with UK counterparts

A five-member Parliamentary delegation from Pakistan led by Speaker National Assembly Sardar Ayaz Sadiq, currently on an official visit to the United Kingdom, held several meetings with the British side in London. The other members of the delegation are f
Published 09 Jul, 2014 12:00am

Government working single mindedly to resolve issues: Prime Minister

Prime Minister Nawaz Sharif has said the government was paying utmost attention to the resolution of problems faced by the country and its people with single minded attention. He was talking to PML-N leaders at the Prime Minister House on Tuesday. Raja Is
Published 09 Jul, 2014 12:00am

Prime Minister AJK meets Army chief

Prime Minister Azad Jammu and Kashmir (AJK) Chaudhry Abdul Majeed on Tuesday met Chief of Army Staff (CoAS) General Raheel Sharif at the General Headquarters. The AJK premier handed over a cheque of Rs 40 million for internally displaced persons of North
Published 09 Jul, 2014 12:00am

Arshad made acting MD, CEO of PPL

Arshad Mirza has assumed the charge of Acting Managing Director and Chief Executive Officer of Pakistan Petroleum Limited (PPL). Industry sources said the contract of Asim Murtaza Khan, MD PPL, has expired on June 30, 2014 and the Ministry of Petroleum ha
Published 09 Jul, 2014 12:00am

Nisar briefs Nawaz over IDPs issue

Interior Minister Chaudhry Nisar Ali Khan on Tuesday called on Prime Minister Nawaz Sharif and discussed with him the ongoing military operation Zarb-e-Azb in North Waziristan Agency (NWA) and the issue of Internally Displaced Persons (IDPs). The meeting
Published 09 Jul, 2014 12:00am

Zarb-e-Azb: number of registered IDPs reaches 0.85 million mark

The registered number of internally displaced persons (IDPs) due to the on-going military operation Zarb-e-Azb in North Waziristan Agency (NWA) has rapidly reached 0.85 million individuals, as Minister for States and Frontier Regions Abdul Qadir Baloch We
Published 09 Jul, 2014 12:00am

KP Governor launches: electronic cash assistance scheme for IDPs

On the directives of Prime Minister Nawaz Sharif, Khyber Pakhtunkhwa Governor Sardar Mahtab Ahmad Abbasi on Tuesday formally launched an electronic cash assistance programme for Internally Displaced Persons (IDPs) of North Waziristan Agency. Addressing th
Published 09 Jul, 2014 12:00am

JCR-VIS assigns ratings to Askari Bank

JCR-VIS Credit Rating Company Limited (JCR-VIS) has assigned initial medium to long term entity rating of `AA' (double A) and short-term rating of 'A-1+' (A-one plus) to Askari Bank Limited (AKBL). The outlook on the assigned rating is stable, said a pres
Published 09 Jul, 2014 12:00am

Industrialists flay 14 percent hike in gas tariff

Industrialists have flayed the Oil and Gas Regulatory Authority's (Ogra) decision to increase gas tariff by 14 percent effective from July 1, 2014. Strongly disapproving the regulatory body's decision, they said the increase in gas tariff was a shocking R
Published 09 Jul, 2014 12:00am

Construction of flyover in Clifton: SHC asks DHA to submit objections

The Sindh High Court (SHC) on Tuesday directed the Defence Housing Authority (DHA) to submit its objections to the applications filed by Karachi Municipal Corporation and a real estate concern seeking resumption of the construction work on a flyover and t
Published 09 Jul, 2014 12:00am

Bosan vows support to agriculture uplift projects in Balochistan

Minister for National Food Security & Research (MNFS&R) Sikandar Hayat Khan Bosan here on Tuesday assured his full co-operation and support for development of agricultural sector of Balochistan province. Talking to Agriculture Minister of Balochistan, Muh
Published 09 Jul, 2014 12:00am

Dawood Family Takaful Limited prices

Dawood Family Takaful Limited (DFTL) announced unit prices for the following funds on July 08, 2014.

Published 09 Jul, 2014 12:00am

Non-devolved items, centre's refusal to fund health projects: Sindh to take up issues at upcoming CCI meeting

Sindh Government has decided in principle to take up the issue of non-devolved items and federal government refusal to fund seven health projects of the province in the upcoming meeting of Council of Common Interests (CCI). Sources in Chief Minister's Hou
Published 09 Jul, 2014 12:00am

Dawood Family Takaful Limited prices

Dawood Family Takaful Limited (DFTL) announced unit prices for the following funds on July 08, 2014.

Published 09 Jul, 2014 12:00am

BNP leader kidnapped in Chaghi

Unknown armed men kidnapped Balochistan National Party leader of district Chaghi, police said on Tuesday. SHO Dalbandin Abdul Sattar Sumalani told APP that unknown armed men kidnapped BNP leader Haji Musa Khan Mengal from Kili Khudae Rahim colony in Dalba
Published 09 Jul, 2014 12:00am

Dawood Family Takaful Limited prices

Dawood Family Takaful Limited (DFTL) announced unit prices for the following funds on July 08, 2014.

Published 09 Jul, 2014 12:00am

Exchange-rate regime

Apropos 'IMF for more flexible exchange-rate regime', carried by Business Recorder yesterday, it is heartening to note that the International Monetary Fund (IMF) has made a profound observation with regard to country's existing exchange-rate regime
Published 09 Jul, 2014 12:00am

The Weather

The weather report on Tuesday (July 08, 2014) and the forecast for Wednesday (July 09, 2014).

Published 09 Jul, 2014 12:00am

From New York heroin dealer to Afghanistan's biggest oil man

One-eyed Rateb Popal's debut as an Afghan businessman was not promising: he was caught smuggling heroin and locked up in a New York federal prison for almost a decade. Popal had better luck once back in Afghanistan, where he emerged from obscurity to make
Published 09 Jul, 2014 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (July 08, 2014).

Published 09 Jul, 2014 12:00am

Saarc energy cooperation

Saarc co-operation prospects have always suffered due to bilateral issues and conflicts among two of its major members - India and Pakistan. There is no denying the fact that there is a tremendous scope for mutually beneficial co-operation among the membe
Published 09 Jul, 2014 12:00am

LME official prices

The following were Monday official prices.

Published 09 Jul, 2014 12:00am

Privatisation and issue of transparency

Privatisation is the process of transferring ownership of a publicly owned business enterprise, agency, service, or property to the private sector. The true owners of the public business and its assets are the citizens of the country who delegate to the g
Published 09 Jul, 2014 12:00am

LME official prices

The following were Monday official prices.

Published 09 Jul, 2014 12:00am

Dr Malik: Centre's best bet

If Arsalan Iftikhar did not deserve the post on the newly-formed Board of Investment of Balochistan (BoI) he should not have been appointed. But if he did deserve on merit he should not have been sacked under political pressure of Imran Khan or anyone els
Published 09 Jul, 2014 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (July 08, 2014).

Published 09 Jul, 2014 12:00am

Recapitalize HBFCL and ZTBL

Governor State Bank of Pakistan Ashraf M. Wathra has raised the issue of settling the outstandings of SBP towards Zarai Taraqiati Bank Ltd (formerly Agricultural Development Bank of Pakistan) and House Building Finance Company Ltd (HBFCL). SBP was asked b
Published 09 Jul, 2014 12:00am

Poultry Rates

Wholesale poultry rates on Tuesday (July 08, 2014) and for Wednesday (July 09, 2014).
Published 09 Jul, 2014 12:00am

Shebab launch major attack on Somalia's presidential palace

Somalia's Islamist Shebab rebels carried out a major bomb and armed assault against the country's presidential palace late Tuesday, penetrating the heavily-fortified complex before blowing themselves up. Officials said Somalia's internationally-backed Pre
Published 09 Jul, 2014 12:00am

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (July 08, 2014).

Published 09 Jul, 2014 12:00am

Lahore Paper Market Rates

Paper market rates in rupees on Tuesday (July 08, 2014).

Published 09 Jul, 2014 12:00am

India moves towards allowing Pakistani SIM cards

A fortnight ahead of the first bilateral meeting of ministers from India and Pakistan since the new government took charge in New Delhi, reports have suggested that the Indian government may be seriously considering allowing mobile phone SIM cards issued
Published 09 Jul, 2014 12:00am

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Tuesday (July 08, 2014).

Published 09 Jul, 2014 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (July 08, 2014).

Published 09 Jul, 2014 12:00am

Gwadar Port: government mulling constructing LNG terminal

The government is considering constructing a Liquefied Natural Gas (LNG) terminal at Gwadar Port in a bid to enhance the capacity for the storage of LNG in the country with the objective of replacing imports of the more expensive Furnace Oil (FO), it is l
Published 09 Jul, 2014 12:00am

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (July 08, 2014).

Published 09 Jul, 2014 12:00am

1481 ''unlawful'' licences: CNG scam to be referred to FIA

Prime Minister Nawaz Sharif as Minister Incharge Cabinet Division has reportedly given his approval to refer Compressed Natural Gas (CNG) licences scam to Federal Investigation Agency (FIA) after getting a formal approval from the Economic Co-ordination C
Published 09 Jul, 2014 12:00am

Cross Transactions between Client to Client & Financial Institutions

The following were the cross transactions between client to client & financial institutions here on Tuesday (July 08, 2014).

Published 09 Jul, 2014 12:00am

1481 'unlawful' licences: CNG scam to be referred to FIA

Prime Minister Nawaz Sharif as Minister Incharge Cabinet Division has reportedly given his approval to refer Compressed Natural Gas (CNG) licences scam to Federal Investigation Agency (FIA) after getting a formal approval from the Economic Co-ordination C
Published 09 Jul, 2014 12:00am

Member to Member

The following transactions member to member subsequently reported on Tuesday (July 08, 2014).

Published 09 Jul, 2014 12:00am

Previous Day

Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / May 24

2278.33

USD PKR Interbank Buying / May 24

278.13

USD to Japanese Yen / May 24

157.02

USD to Swiss Franc / May 24

0.91

Pound Sterling to USD / May 24

1.27

Euro to USD / May 24

1.08

Stock Volume

S&P 500 / May 22

5307.01

Nasdaq / May 22

16801.54

Dow Jones / May 22

39671.04

India Sensex / May 24

75408.09

Tokyo Nikkei / May 24

38646.11

Hang Seng / May 24

18551.66

FTSE 100 / May 24

8304.47

Germany DAX 30 / May 24

18617.22

Item Value

Petrol/Litre / May 24

273.10

Crude Oil USD/Barrel / May 24

76.87

Karachi Cotton PKR/37.32 KG / May 24

19935

Gold 10 Grams PKR / May 24

205933

Gold Spot USD/Ounce / May 24

2336.82

Diesel/Litre / May 24

274.08

Gainers
Losers
Leaders

Stock Price

786 Invest Ltd / May 24

786 Investments Limited(786)

5

▼ 0.00 (0.00%)

AL-Abbas Sugar / May 24

Al-Abbas Sugar Mills Limited(AABS)

585

▼ 0.00 (0.00%)

Agro Allianz / May 24

Agro Allianz Limited(AAL)

16

▼ 0.00 (0.00%)

AL-Abid Silk / May 24

Al-Abid Silk Mills Limited(AASM)

3.49

▼ 0.00 (0.00%)

Ali Asghar / May 24

Ali Asghar Textile Mills Limited(AATM)

2.07

▼ 0.00 (0.00%)

Allied Bank / May 24

Allied Bank Limited(ABL)

87.10

▼ 0.00 (0.00%)

Abbott Lab. / May 24

Abbott Laboratories (Pakistan) Limited(ABOT)

499.34

▼ 0.00 (0.00%)

Abson Ind. / May 24

Abson Industries Limited(ABSON)

2.50

▼ 0.00 (0.00%)

Alfalah ETF. / May 24

Alfalah Consumer Index ETF.(ACIETF)

9.84

▼ 0.00 (0.00%)

Stock Price

786 Invest Ltd / May 24

786 Investments Limited(786)

5

▲ 0.00 (0.00%)

AL-Abbas Sugar / May 24

Al-Abbas Sugar Mills Limited(AABS)

585

▲ 0.00 (0.00%)

Agro Allianz / May 24

Agro Allianz Limited(AAL)

16

▲ 0.00 (0.00%)

AL-Abid Silk / May 24

Al-Abid Silk Mills Limited(AASM)

3.49

▲ 0.00 (0.00%)

Ali Asghar / May 24

Ali Asghar Textile Mills Limited(AATM)

2.07

▲ 0.00 (0.00%)

Allied Bank / May 24

Allied Bank Limited(ABL)

87.10

▲ 0.00 (0.00%)

Abbott Lab. / May 24

Abbott Laboratories (Pakistan) Limited(ABOT)

499.34

▲ 0.00 (0.00%)

Abson Ind. / May 24

Abson Industries Limited(ABSON)

2.50

▲ 0.00 (0.00%)

Alfalah ETF. / May 24

Alfalah Consumer Index ETF.(ACIETF)

9.84

▲ 0.00 (0.00%)

Stock Volume

P.I.A.C.(A) / May 24

Pakistan International Airlines Corp(PIAA)

47,200,500

▲ 0.00

Cnergyico PK / May 24

Cnergyico PK Limited(CNERGY)

29,719,327

▲ 0.00

Pak Petroleum / May 24

Pakistan Petroleum Limited(PPL)

21,170,581

▲ 0.00

Pak Refinery / May 24

Pakistan Refinery Limited(PRL)

16,965,134

▲ 0.00

The Searle Co. / May 24

The Searle Company Limited(SEARL)

15,793,227

▲ 0.00

P.T.C.L. / May 24

Pakistan Telecommunication Company Ltd(PTC)

15,054,641

▲ 0.00

K-Electric Ltd. / May 24

K-Electric Limited(KEL)

14,145,556

▲ 0.00

WorldCall Telecom / May 24

Worldcall Telecom Limited(WTL)

13,158,668

▲ 0.00

Telecard Limited / May 24

Telecard Limited(TELE)

12,358,668

▲ 0.00

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IMF, Pakistan make ‘significant progress’ towards staff-level agreement, lender says

Net-metering: turning up the heat on Pakistani people instead of IPPs

Many zero-rated items: FBR proposes standard rate of 18pc sales tax

UAE allocates $10bn for investment in Pakistan’s ‘promising economic sectors’

NJLI Sarmaya Growth Fund Rates

Third-party projects under CPEC: PM orders MoFA to finalise modalities in a week

Properties of Pakistanis in Dubai

14-seater sightseeing bus: 30pc duty on electric vehicle import imposed

Budgets 2024: thinking afresh

Properties of Pakistanis in Dubai

Bidding process for PIA to be aired live: Aleem

No super tax payable on income falling under FTR: Karachi ATIR

FBR to issue uniform tax recovery rules in budget

NJLI Sarmaya Growth Fund Rates

Karachi ranked 918th out of 1,000 in Oxford Economics’ Global Cities Index

Cotton production: India moves forward, Pakistan falls behind

Privatisation of SOEs: a focus on PIA

Power sector: The rut, the rot, the riot

Properties of Pakistanis in Dubai

NJLI Sarmaya Growth Fund Rates

Bidding process for PIA to be aired live: Aleem

Federal Budget: PM pledges more facilities for investors

No super tax payable on income falling under FTR: Karachi ATIR

IMF, Pakistan make ‘significant progress’ towards staff-level agreement, lender says

IMF projections for FY2024-25

Cotton production: India moves forward, Pakistan falls behind

Net-metering: turning up the heat on Pakistani people instead of IPPs

Currency	Rate
USD PKR Interbank Selling / May 24	2278.33
USD PKR Interbank Buying / May 24	278.13
USD to Japanese Yen / May 24	157.02
USD to Swiss Franc / May 24	0.91
Pound Sterling to USD / May 24	1.27
Euro to USD / May 24	1.08

Stock	Volume
S&P 500 / May 22	5307.01
Nasdaq / May 22	16801.54
Dow Jones / May 22	39671.04
India Sensex / May 24	75408.09
Tokyo Nikkei / May 24	38646.11
Hang Seng / May 24	18551.66
FTSE 100 / May 24	8304.47
Germany DAX 30 / May 24	18617.22

Item	Value
Petrol/Litre / May 24	273.10
Crude Oil USD/Barrel / May 24	76.87
Karachi Cotton PKR/37.32 KG / May 24	19935
Gold 10 Grams PKR / May 24	205933
Gold Spot USD/Ounce / May 24	2336.82
Diesel/Litre / May 24	274.08

Stock	Price
786 Invest Ltd / May 24 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 24 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 24 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 24 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 24 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 24 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 24 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 24 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 24 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 24 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 24 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 24 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 24 Telecard Limited(TELE)	12,358,668 ▲ 0.00