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Print - 2014-12-10
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Tuesday (December 09, 2014).

Published 10 Dec, 2014 12:00am
Trench on Pak-Afghan border

Trench on Pak-Afghan border

Apropos 'Trench to help stop intrusion of terrorists' carried by Business Recorder on Sunday, one needs to appreciate the step aimed at creating a formidable hurdle for terrorists and members of drug mafia. According to the report, the completion o
Published 10 Dec, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (December 09, 2014).

Published 10 Dec, 2014 12:00am
With or without Mugabe, Zimbabwe still hostage to nationalism

With or without Mugabe, Zimbabwe still hostage to nationalism

When veteran Zimbabwe leader Robert Mugabe sacked his vice-president in front of 12,000 baying party members last week, Emmerson Mnangagwa sat quietly in the crowd, a green baseball cap pulled low over his eyes. The man who stood to gain most from the dep
Published 10 Dec, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (December 09, 2014).

Published 10 Dec, 2014 12:00am
Diamond deals to add sparkle to India-Russian ties

Diamond deals to add sparkle to India-Russian ties

India's gemstone industry will hope to add some sparkle to ties between New Delhi and Moscow this week by persuading Russia to massively increase its exports of diamonds direct to the global hub of cutting and polishing. Vladimir Putin's two-day visit to
Published 10 Dec, 2014 12:00am
Corruption ranking

Corruption ranking

Last week Pakistan rejoiced at its ranking in the Corruption Perception Index (CPI) 2014 improved by a notch with a score of 29 out of 100 in a scale from 0 (perceived to be highly corrupt) to 100 (very clean) as per the report issued by Transparency Inte
Published 10 Dec, 2014 12:00am
After Faisalabad, what next?

After Faisalabad, what next?

In the wake of events as unfolded in the industrial city of Faisalabad on Monday it becomes obvious that the PTI's town by town shutdown plan is loaded with dangerous portents both for the country's democratic order and national security. Till late into n
Published 10 Dec, 2014 12:00am
THE RUPEE: gains persist

THE RUPEE: gains persist

The rupee firmly held the commanding position against the dollar on the money market on Tuesday, dealers said. The rupee maintained overnight winning spree versus the dollar, gaining seven-paisa at Rs 101.00 and Rs 101.05 respectively, they said.
Published 10 Dec, 2014 12:00am
Is civilian rule better than military rule?

Is civilian rule better than military rule?

Addressing a youth parliament, former President and army chief Pervez Musharraf said that under army rule Pakistan's economy fared better than it did under any civilian government. However, he does not want the present democratic dispensation to be derail
Published 10 Dec, 2014 12:00am
THE RUPEE: gains persist

THE RUPEE: gains persist

The rupee firmly held the commanding position against the dollar on the money market on Tuesday, dealers said. The rupee maintained overnight winning spree versus the dollar, gaining seven-paisa at Rs 101.00 and Rs 101.05 respectively, they said.
Published 10 Dec, 2014 12:00am
'Militant linked to attack on Benazir killed'

'Militant linked to attack on Benazir killed'

Police said Tuesday they had killed a Taliban commander responsible for a bomb attack in 2007 that killed 139 people in a botched attempt to assassinate ex-premier Benazir Bhutto. Firdous Khan was killed in an hour-long gunfight with police in the Manghop
Published 10 Dec, 2014 12:00am
'Militant linked to attack on Benazir killed'

'Militant linked to attack on Benazir killed'

Police said Tuesday they had killed a Taliban commander responsible for a bomb attack in 2007 that killed 139 people in a botched attempt to assassinate ex-premier Benazir Bhutto. Firdous Khan was killed in an hour-long gunfight with police in the Manghop
Published 10 Dec, 2014 12:00am
Inequality worst in decades in range of countries: OECD

Inequality worst in decades in range of countries: OECD

The gap between the rich and poor in a range of countries has reached its widest in 30 years and the trend has harmed growth, the OECD said Tuesday. The Organisation for Economic Co-operation and Development (OECD) said in a new report that most of its 34
Published 10 Dec, 2014 12:00am
Inequality worst in decades in range of countries: OECD

Inequality worst in decades in range of countries: OECD

The gap between the rich and poor in a range of countries has reached its widest in 30 years and the trend has harmed growth, the OECD said Tuesday. The Organisation for Economic Co-operation and Development (OECD) said in a new report that most of its 34
Published 10 Dec, 2014 12:00am
Inequality worst in decades in range of countries: OECD

Inequality worst in decades in range of countries: OECD

The gap between the rich and poor in a range of countries has reached its widest in 30 years and the trend has harmed growth, the OECD said Tuesday. The Organisation for Economic Co-operation and Development (OECD) said in a new report that most of its 34
Published 10 Dec, 2014 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (December 09, 2014).

Published 10 Dec, 2014 12:00am
OGDCL sell-off: notice issued to DAG

OGDCL sell-off: notice issued to DAG

The Islamabad High Court (IHC) on Tuesday issued a notice to Deputy Attorney General (DAG) in response to a petition challenging the privatisation of Oil & Gas Development Company Limited (OGDCL). A single-member bench of IHC comprising Justice Athar Mina
Published 10 Dec, 2014 12:00am
OGDCL sell-off: notice issued to DAG

OGDCL sell-off: notice issued to DAG

The Islamabad High Court (IHC) on Tuesday issued a notice to Deputy Attorney General (DAG) in response to a petition challenging the privatisation of Oil & Gas Development Company Limited (OGDCL). A single-member bench of IHC comprising Justice Athar Mina
Published 10 Dec, 2014 12:00am
OGDCL sell-off: notice issued to DAG

OGDCL sell-off: notice issued to DAG

The Islamabad High Court (IHC) on Tuesday issued a notice to Deputy Attorney General (DAG) in response to a petition challenging the privatisation of Oil & Gas Development Company Limited (OGDCL). A single-member bench of IHC comprising Justice Athar Mina
Published 10 Dec, 2014 12:00am
Private sector: Prime Minister approves duty-free import of solar panels

Private sector: Prime Minister approves duty-free import of solar panels

In a major decision to overcome the energy crisis and provide cheap alternative source of energy, Prime Minister Nawaz Sharif has allowed private sector to import duty-free solar panels. The Prime Minister gave the approval on the recommendations of the C
Published 10 Dec, 2014 12:00am
Private sector: Prime Minister approves duty-free import of solar panels

Private sector: Prime Minister approves duty-free import of solar panels

In a major decision to overcome the energy crisis and provide cheap alternative source of energy, Prime Minister Nawaz Sharif has allowed private sector to import duty-free solar panels. The Prime Minister gave the approval on the recommendations of the C
Published 10 Dec, 2014 12:00am
Private sector: Prime Minister approves duty-free import of solar panels

Private sector: Prime Minister approves duty-free import of solar panels

In a major decision to overcome the energy crisis and provide cheap alternative source of energy, Prime Minister Nawaz Sharif has allowed private sector to import duty-free solar panels. The Prime Minister gave the approval on the recommendations of the C
Published 10 Dec, 2014 12:00am
LSE index gains 60.51 points

LSE index gains 60.51 points

The LSE-25 index gained 60.51 points to close at 5869.85 against 5809.34 of Monday amid bullish sentiments on the Lahore Stock Exchange on Tuesday. The transaction volume was increased to 2.898 million shares compared with 2.536 million shares traded a da
Published 10 Dec, 2014 12:00am
Presentation

Presentation

Presentation at KSE auditorium (only for members and an authorised employee of the members).

Published 10 Dec, 2014 12:00am
LSE index gains 60.51 points

LSE index gains 60.51 points

The LSE-25 index gained 60.51 points to close at 5869.85 against 5809.34 of Monday amid bullish sentiments on the Lahore Stock Exchange on Tuesday. The transaction volume was increased to 2.898 million shares compared with 2.536 million shares traded a da
Published 10 Dec, 2014 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 10 Dec, 2014 12:00am
Veteran journalist Iqbal Mirza dies

Veteran journalist Iqbal Mirza dies

Veteran journalist and Assistant Editor Reporting Business Recorder Iqbal Mirza passed away on Tues-day night after brief illness. He was 81. He was survived by a wife and four daughters. His funeral prayers will be held at Masjid-e-Arifeen near Se
Published 10 Dec, 2014 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 10 Dec, 2014 12:00am
Veteran journalist Iqbal Mirza dies

Veteran journalist Iqbal Mirza dies

Veteran journalist and Assistant Editor Reporting Business Recorder Iqbal Mirza passed away on Tues-day night after brief illness. He was 81. He was survived by a wife and four daughters. His funeral prayers will be held at Masjid-e-Arifeen near
Published 10 Dec, 2014 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 10 Dec, 2014 12:00am
BRIndex30 surges 127.94 points

BRIndex30 surges 127.94 points

On Tues-day, BRIndex30 opened at 17,617.29 points. It touched an intraday high of 17,763.01 points and an intraday low of 17,535.07 points and closed at 17,745.23 points which was 127.94 points or 0.73 percent higher than previous close. Total volume was
Published 10 Dec, 2014 12:00am
BRIndex30 surges 127.94 points

BRIndex30 surges 127.94 points

On Tues-day, BRIndex30 opened at 17,617.29 points. It touched an intraday high of 17,763.01 points and an intraday low of 17,535.07 points and closed at 17,745.23 points which was 127.94 points or 0.73 percent higher than previous close. Total volume was
Published 10 Dec, 2014 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 10 Dec, 2014 12:00am
Equities reassemble

Equities reassemble

Equities at Karachi Stock Exchange (KSE) snapped losing streak Tuesday and recovered 73.83 points or 0.23 percent to close at 32,084.16 points. According to analysts, some recovery was seen in spite of falling global oil prices. They said investors accumu
Published 10 Dec, 2014 12:00am
Equities reassemble

Equities reassemble

Equities at Karachi Stock Exchange (KSE) snapped losing streak Tuesday and recovered 73.83 points or 0.23 percent to close at 32,084.16 points. According to analysts, some recovery was seen in spite of falling global oil prices. They said investors accumu
Published 10 Dec, 2014 12:00am
Equities reassemble

Equities reassemble

Equities at Karachi Stock Exchange (KSE) snapped losing streak Tuesday and recovered 73.83 points or 0.23 percent to close at 32,084.16 points. According to analysts, some recovery was seen in spite of falling global oil prices. They said investors accumu
Published 10 Dec, 2014 12:00am
Quit if you cannot deliver, LHC asks government

Quit if you cannot deliver, LHC asks government

Hearing petitions against Imran Khan and Tahirul Qadri, a full bench of the Lahore High Court here on Tuesday expressed its serious concern over deteriorating law and order situation following an aggravating political crisis in the country. It asked the f
Published 10 Dec, 2014 12:00am
Quit if you cannot deliver, LHC asks government

Quit if you cannot deliver, LHC asks government

Hearing petitions against Imran Khan and Tahirul Qadri, a full bench of the Lahore High Court here on Tuesday expressed its serious concern over deteriorating law and order situation following an aggravating political crisis in the country. It asked the f
Published 10 Dec, 2014 12:00am
ECP members: PPP to put its weight behind Imran: Khursheed

ECP members: PPP to put its weight behind Imran: Khursheed

Leader of Opposition in the National Assembly Syed Khursheed Ahmed Shah said that Pakistan People's Party (PPP) would support Pakistan Tehreek-e-Insaf (PTI) if the latter approached Supreme Judicial Council (SJC) to remove the members of the Election Comm
Published 10 Dec, 2014 12:00am
ECP members: PPP to put its weight behind Imran: Khursheed

ECP members: PPP to put its weight behind Imran: Khursheed

Leader of Opposition in the National Assembly Syed Khursheed Ahmed Shah said that Pakistan People's Party (PPP) would support Pakistan Tehreek-e-Insaf (PTI) if the latter approached Supreme Judicial Council (SJC) to remove the members of the Election Comm
Published 10 Dec, 2014 12:00am
Petitions seeking Prime Minister's disqualification dismissed

Petitions seeking Prime Minister's disqualification dismissed

A larger bench of the apex court on Tuesday dismissed all petitions seeking the disqualification of Prime Minister Nawaz Sharif under Articles 62 and 63 of the Constitution. A seven-member bench headed by Chief Justice Nasir-ul-Mulk and comprising Justice
Published 10 Dec, 2014 12:00am
Petitions seeking Prime Minister's disqualification dismissed

Petitions seeking Prime Minister's disqualification dismissed

A larger bench of the apex court on Tuesday dismissed all petitions seeking the disqualification of Prime Minister Nawaz Sharif under Articles 62 and 63 of the Constitution. A seven-member bench headed by Chief Justice Nasir-ul-Mulk and comprising Justice
Published 10 Dec, 2014 12:00am
PTI shows trust in new CEC

PTI shows trust in new CEC

The Pakistan Tehreek-e-Insaf (PTI) has shown its full confidence in the newly-appointed Chief Election Commissioner (CEC) former Justice Sardar Raza, in running the affairs of Election Commission of Pakistan; however, the party says it does not have any c
Published 10 Dec, 2014 12:00am
PTI shows trust in new CEC

PTI shows trust in new CEC

The Pakistan Tehreek-e-Insaf (PTI) has shown its full confidence in the newly-appointed Chief Election Commissioner (CEC) former Justice Sardar Raza, in running the affairs of Election Commission of Pakistan; however, the party says it does not have any c
Published 10 Dec, 2014 12:00am
Economy marred by political protests: World Bank

Economy marred by political protests: World Bank

Pakistan may get delayed or modify at least three areas of reforms, including approval of power tariffs, the privatisation agenda and reforms'''' requiring legislative approval, due to the current political unrest, says the World Bank. "A politically weak
Published 10 Dec, 2014 12:00am
Economy marred by political protests: World Bank

Economy marred by political protests: World Bank

Pakistan may get delayed or modify at least three areas of reforms, including approval of power tariffs, the privatisation agenda and reforms'' requiring legislative approval, due to the current political unrest, says the World Bank. "A politically weaker
Published 10 Dec, 2014 12:00am
Economy marred by political protests: World Bank

Economy marred by political protests: World Bank

Pakistan may get delayed or modify at least three areas of reforms, including approval of power tariffs, the privatisation agenda and reforms' requiring legislative approval, due to the current political unrest, says the World Bank. "A politically weaker
Published 10 Dec, 2014 12:00am
Economy marred by political protests: World Bank

Economy marred by political protests: World Bank

Pakistan may get delayed or modify at least three areas of reforms, including approval of power tariffs, the privatisation agenda and reforms' requiring legislative approval, due to the current political unrest, says the World Bank. "A politically weaker
Published 10 Dec, 2014 12:00am
Moot in Tehran: Zardari concerned at unrest in Middle East

Moot in Tehran: Zardari concerned at unrest in Middle East

Former President Asif Ali Zardari has said that he was worried about the dangerous turn of events in the Middle East, North Africa and Euro Asia because Pakistan had suffered grievously from the sustained blowback of terrorism and extremism and urged the
Published 10 Dec, 2014 12:00am
Moot in Tehran: Zardari concerned at unrest in Middle East

Moot in Tehran: Zardari concerned at unrest in Middle East

Former President Asif Ali Zardari has said that he was worried about the dangerous turn of events in the Middle East, North Africa and Euro Asia because Pakistan had suffered grievously from the sustained blowback of terrorism and extremism and urged the
Published 10 Dec, 2014 12:00am
Trade, investment & ports: Pakistan, Iran sign five MoUs

Trade, investment & ports: Pakistan, Iran sign five MoUs

Pakistan and Iran have signed five Memorandums of Understanding (MoUs) to enhance co-operation in trade, investment and ports etc. The MoUs on Tuesday signed by the two sides at Prime Minister Office include establishment of Joint Investment Committee, co
Published 10 Dec, 2014 12:00am
Trade, investment & ports: Pakistan, Iran sign five MoUs

Trade, investment & ports: Pakistan, Iran sign five MoUs

Pakistan and Iran have signed five Memorandums of Understanding (MoUs) to enhance co-operation in trade, investment and ports etc. The MoUs on Tuesday signed by the two sides at Prime Minister Office include establishment of Joint Investment Committee, co
Published 10 Dec, 2014 12:00am
Trade, investment & ports: Pakistan, Iran sign five MoUs

Trade, investment & ports: Pakistan, Iran sign five MoUs

Pakistan and Iran have signed five Memorandums of Understanding (MoUs) to enhance co-operation in trade, investment and ports etc. The MoUs on Tuesday signed by the two sides at Prime Minister Office include establishment of Joint Investment Committee, co
Published 10 Dec, 2014 12:00am
Government-IPPs meeting today

Government-IPPs meeting today

The government has convened a meeting of Independent Power Producers (IPPs) on Wednesday (today), official sources told Business Recorder. Recently, 25 IPPs have claimed that an audited overdue amount of almost Rs 270 billion which is payable to th
Published 10 Dec, 2014 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (December 09, 2014).

Published 10 Dec, 2014 12:00am
Government-IPPs meeting today

Government-IPPs meeting today

The government has convened a meeting of Independent Power Producers (IPPs) on Wednesday (today), official sources told Business Recorder. Recently, 25 IPPs have claimed that an audited overdue amount of almost Rs 270 billion which is payable to th
Published 10 Dec, 2014 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (December 09, 2014).

Published 10 Dec, 2014 12:00am
Government-IPPs meeting today

Government-IPPs meeting today

The government has convened a meeting of Independent Power Producers (IPPs) on Wednesday (today), official sources told Business Recorder. Recently, 25 IPPs have claimed that an audited overdue amount of almost Rs 270 billion which is payable to th
Published 10 Dec, 2014 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (December 09, 2014).

Published 10 Dec, 2014 12:00am
ABL shares: floor price approved

ABL shares: floor price approved

The Cabinet Committee on Privatisation in its meeting chaired by Finance Minister Ishaq Dar here on Tuesday unanimously approved the floor price for divestment of GoP shares in ABL at the rate of Rs 105/- per share. The Privatisation Commission Board, it
Published 10 Dec, 2014 12:00am
ABL shares: floor price approved

ABL shares: floor price approved

The Cabinet Committee on Privatisation in its meeting chaired by Finance Minister Ishaq Dar here on Tuesday unanimously approved the floor price for divestment of GoP shares in ABL at the rate of Rs 105/- per share. The Privatisation Commission Board, it
Published 10 Dec, 2014 12:00am
ABL shares: floor price approved

ABL shares: floor price approved

The Cabinet Committee on Privatisation in its meeting chaired by Finance Minister Ishaq Dar here on Tuesday unanimously approved the floor price for divestment of GoP shares in ABL at the rate of Rs 105/- per share. The Privatisation Commission Board, it
Published 10 Dec, 2014 12:00am
ABL shares: floor price approved

ABL shares: floor price approved

The Cabinet Committee on Privatisation in its meeting chaired by Finance Minister Ishaq Dar here on Tuesday unanimously approved the floor price for divestment of GoP shares in ABL at the rate of Rs 105/- per share. The Privatisation Commission Board, it
Published 10 Dec, 2014 12:00am