News Archives for Print - 2016-01-02

Modi's visit challenged in LHC

Indian Prime Minister Narendra Modi's visit to Pakistan was challenged in Lahore High Court (LHC) on Friday. A petition was filed by Muneer Ahmad through Advocate Azhar Siddique. The petition has adopted the stance that PM Modi along with 120-member deleg

Published 02 Jan, 2016 12:00am

Modi's visit challenged in LHC

Indian Prime Minister Narendra Modi's visit to Pakistan was challenged in Lahore High Court (LHC) on Friday. A petition was filed by Muneer Ahmad through Advocate Azhar Siddique. The petition has adopted the stance that PM Modi along with 120-member deleg

Published 02 Jan, 2016 12:00am

Two killed in Tel Aviv shooting

Two people were killed and at least seven wounded Friday when a gunman opened fire on a pub and nearby cafe in central Tel Aviv, but the motive was not immediately clear. However, police stressed they were investigating in "all directions." CCTV footage f

Published 02 Jan, 2016 12:00am

Two killed in Tel Aviv shooting

Two people were killed and at least seven wounded Friday when a gunman opened fire on a pub and nearby cafe in central Tel Aviv, but the motive was not immediately clear. However, police stressed they were investigating in "all directions." CCTV footage f

Published 02 Jan, 2016 12:00am

Taliban leader's treatment: ANP seeks action against Imran

Awami National Party (ANP) has demanded that Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan should be tried in a military court for allegedly giving medical treatment to a Taliban leader at Shaukat Khanum Memorial Cancer Hospital (SKMC) in Lahore.

Published 02 Jan, 2016 12:00am

Taliban leader's treatment: ANP seeks action against Imran

Awami National Party (ANP) has demanded that Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan should be tried in a military court for allegedly giving medical treatment to a Taliban leader at Shaukat Khanum Memorial Cancer Hospital (SKMC) in Lahore.

Published 02 Jan, 2016 12:00am

Dubai probes cause of massive New Year's Eve hotel fire

Investigators in Dubai were working Friday to determine the cause of a spectacular fire that engulfed a 63-storey luxury hotel on New Year's Eve three hours before midnight. The huge blaze at The Address Downtown hotel erupted around 9:00 pm (1700 GMT) on

Published 02 Jan, 2016 12:00am

Dubai probes cause of massive New Year's Eve hotel fire

Investigators in Dubai were working Friday to determine the cause of a spectacular fire that engulfed a 63-storey luxury hotel on New Year's Eve three hours before midnight. The huge blaze at The Address Downtown hotel erupted around 9:00 pm (1700 GMT) on

Published 02 Jan, 2016 12:00am

NPLs settlement: SBP issues regulations for debt-property swap

The State Bank of Pakistan (SBP) Friday issued regulations for Debt-Property Swap (DPS) in order to minimise risks in the settlement of Non-Performing Loans (NPLs) by banks/DFIs through DPS. According to BPRD Circular No 01 of 2016, keeping in view the ri

Published 02 Jan, 2016 12:00am

NPLs settlement: SBP issues regulations for debt-property swap

The State Bank of Pakistan (SBP) Friday issued regulations for Debt-Property Swap (DPS) in order to minimise risks in the settlement of Non-Performing Loans (NPLs) by banks/DFIs through DPS. According to BPRD Circular No 01 of 2016, keeping in view the ri

Published 02 Jan, 2016 12:00am

NPLs settlement: SBP issues regulations for debt-property swap

The State Bank of Pakistan (SBP) Friday issued regulations for Debt-Property Swap (DPS) in order to minimise risks in the settlement of Non-Performing Loans (NPLs) by banks/DFIs through DPS. According to BPRD Circular No 01 of 2016, keeping in view the ri

Published 02 Jan, 2016 12:00am

BRIndex30 surges 455.16 points

On Friday, BRIndex30 opened at 19,984.94 points. It touched an intraday high of 20,524.11 points and an intraday low of 19,983.90 points and closed at 20,440.10 points which was 455.16 points or 2.28 percent higher than previous close. Total volume was 73

Published 02 Jan, 2016 12:00am

BRIndex30 surges 455.16 points

On Friday, BRIndex30 opened at 19,984.94 points. It touched an intraday high of 20,524.11 points and an intraday low of 19,983.90 points and closed at 20,440.10 points which was 455.16 points or 2.28 percent higher than previous close. Total volume was 73

Published 02 Jan, 2016 12:00am

Exchange

KSE greets year with over 400-point gain

Sentiment at the Karachi share market, on the first trading day of the new year, remained positive and the benchmark KSE-100 index closed above 33,000 points level. On Friday, the market opened in the green zone during the intraday session touching 33,255

Published 02 Jan, 2016 12:00am

Exchange

KSE greets year with over 400-point gain

Sentiment at the Karachi share market, on the first trading day of the new year, remained positive and the benchmark KSE-100 index closed above 33,000 points level. On Friday, the market opened in the green zone during the intraday session touching 33,255

Published 02 Jan, 2016 12:00am

Exchange

KSE greets year with over 400-point gain

Sentiment at the Karachi share market, on the first trading day of the new year, remained positive and the benchmark KSE-100 index closed above 33,000 points level. On Friday, the market opened in the green zone during the intraday session touching 33,255

Published 02 Jan, 2016 12:00am

Fesco plea for increase rejected: Nepra cuts tariff by Rs 2.80 per unit for 5 years

The National Electric Power Regulatory Authority (Nepra) has rejected the plea of Faisalabad Electric Supply Company (Fesco) to increase power tariff and instead cut rate by Rs 2.80 per unit for next five years. The Nepra had approved a reduction in the t

Published 02 Jan, 2016 12:00am

Fesco plea for increase rejected: Nepra cuts tariff by Rs 2.80 per unit for 5 years

The National Electric Power Regulatory Authority (Nepra) has rejected the plea of Faisalabad Electric Supply Company (Fesco) to increase power tariff and instead cut rate by Rs 2.80 per unit for next five years. The Nepra had approved a reduction in the t

Published 02 Jan, 2016 12:00am

Fesco plea for increase rejected: Nepra cuts tariff by Rs 2.80 per unit for 5 years

The National Electric Power Regulatory Authority (Nepra) has rejected the plea of Faisalabad Electric Supply Company (Fesco) to increase power tariff and instead cut rate by Rs 2.80 per unit for next five years. The Nepra had approved a reduction in the t

Published 02 Jan, 2016 12:00am

December headline inflation up by 3.19 percent YoY

Headline inflation increased by 3.19 percent in December 2015 over the same period of last fiscal year, according to Pakistan Bureau of Statistics (PBS). Chief Statistician PBS Asif Bajwa launched the CPI at a news conference here Friday and maintained th

Published 02 Jan, 2016 12:00am

December headline inflation up by 3.19 percent YoY

Headline inflation increased by 3.19 percent in December 2015 over the same period of last fiscal year, according to Pakistan Bureau of Statistics (PBS). Chief Statistician PBS Asif Bajwa launched the CPI at a news conference here Friday and maintained th

Published 02 Jan, 2016 12:00am

December headline inflation up by 3.19 percent YoY

Headline inflation increased by 3.19 percent in December 2015 over the same period of last fiscal year, according to Pakistan Bureau of Statistics (PBS). Chief Statistician PBS Asif Bajwa launched the CPI at a news conference here Friday and maintained th

Published 02 Jan, 2016 12:00am

China creates three new military units in push to modernise army

China has created three new military units and will update equipment as well as modernising its command structure, state media said on Friday, as part of a major overhaul of the armed forces announced by President Xi Jinping in November. Xi's push to refo

Published 02 Jan, 2016 12:00am

China creates three new military units in push to modernise army

China has created three new military units and will update equipment as well as modernising its command structure, state media said on Friday, as part of a major overhaul of the armed forces announced by President Xi Jinping in November. Xi's push to refo

Published 02 Jan, 2016 12:00am

Taliban suicide attack targets French restaurant in Kabul

A Taliban suicide car bomber struck a French restaurant popular with foreigners in Kabul Friday, killing two people in a New Year's day attack that marks the second insurgent assault in the Afghan capital in a week. Fifteen others were wounded in the atta

Published 02 Jan, 2016 12:00am

Taliban suicide attack targets French restaurant in Kabul

A Taliban suicide car bomber struck a French restaurant popular with foreigners in Kabul Friday, killing two people in a New Year's day attack that marks the second insurgent assault in the Afghan capital in a week. Fifteen others were wounded in the atta

Published 02 Jan, 2016 12:00am

CoAS visits Gwadar, meets Baloch elders: nine terrorists awarded death sentences

Chief of Army Staff (CoAS) General Raheel Sharif on Friday stated that 2016 will be a year of national unity and peace. The Army Chief said this during meeting with Baloch elders in Gwadar. General Raheel Sharif expressed hope that nexus of terrorism, cri

Published 02 Jan, 2016 12:00am

CoAS visits Gwadar, meets Baloch elders: nine terrorists awarded death sentences

Chief of Army Staff (CoAS) General Raheel Sharif on Friday stated that 2016 will be a year of national unity and peace. The Army Chief said this during meeting with Baloch elders in Gwadar. General Raheel Sharif expressed hope that nexus of terrorism, cri

Published 02 Jan, 2016 12:00am

Imran criticises move

Chairman Pakistan Tehreek-e-Insaf Imran Khan on Friday lambasted the government for the tax amnesty scheme by labelling it as "a ploy of the ruling elite to favour themselves." Speaking outside the Parliament House, he said that numerous amnesty schemes h

Published 02 Jan, 2016 12:00am

Imran criticises move

Chairman Pakistan Tehreek-e-Insaf Imran Khan on Friday lambasted the government for the tax amnesty scheme by labelling it as "a ploy of the ruling elite to favour themselves." Speaking outside the Parliament House, he said that numerous amnesty schemes h

Published 02 Jan, 2016 12:00am

Imran criticises move

Chairman Pakistan Tehreek-e-Insaf Imran Khan on Friday lambasted the government for the tax amnesty scheme by labelling it as "a ploy of the ruling elite to favour themselves." Speaking outside the Parliament House, he said that numerous amnesty schemes h

Published 02 Jan, 2016 12:00am

Imran criticises move

Chairman Pakistan Tehreek-e-Insaf Imran Khan on Friday lambasted the government for the tax amnesty scheme by labelling it as "a ploy of the ruling elite to favour themselves." Speaking outside the Parliament House, he said that numerous amnesty schemes h

Published 02 Jan, 2016 12:00am

Dar introduces two bills

"The Income Tax (Amendment) Bill, 2016" was introduced in the National Assembly on Friday to provide a one-time opportunity to filer as well as non-filer traders to regularise their tax affairs by adopting a special and simplified procedure for assessment

Published 02 Jan, 2016 12:00am

Dar introduces two bills

"The Income Tax (Amendment) Bill, 2016" was introduced in the National Assembly on Friday to provide a one-time opportunity to filer as well as non-filer traders to regularise their tax affairs by adopting a special and simplified procedure for assessment

Published 02 Jan, 2016 12:00am

Dar introduces two bills

"The Income Tax (Amendment) Bill, 2016" was introduced in the National Assembly on Friday to provide a one-time opportunity to filer as well as non-filer traders to regularise their tax affairs by adopting a special and simplified procedure for assessment

Published 02 Jan, 2016 12:00am

Voluntary Tax Filing Scheme for traders launched: government makes desperate attempt towards broadening tax base

Prime Minister Nawaz Sharif on Friday launched ''Voluntary Tax Filing Scheme (VTCS)'' for traders to bring them into the tax net. Addressing a ceremony in connection with "voluntary tax compliance scheme", the Prime Minister expressed the hope that scheme

Published 02 Jan, 2016 12:00am

Voluntary Tax Filing Scheme for traders launched: government makes desperate attempt towards broadening tax base

Prime Minister Nawaz Sharif on Friday launched 'Voluntary Tax Filing Scheme (VTCS)' for traders to bring them into the tax net. Addressing a ceremony in connection with "voluntary tax compliance scheme", the Prime Minister expressed the hope that scheme w

Published 02 Jan, 2016 12:00am

The Weather

The weather report on Friday (January 01, 2016) and the forecast for Saturday (January 02, 2016).

Published 02 Jan, 2016 12:00am

Voluntary Tax Filing Scheme for traders launched: government makes desperate attempt towards broadening tax base

Prime Minister Nawaz Sharif on Friday launched 'Voluntary Tax Filing Scheme (VTCS)' for traders to bring them into the tax net. Addressing a ceremony in connection with "voluntary tax compliance scheme", the Prime Minister expressed the hope that scheme w

Published 02 Jan, 2016 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (January 01, 2016).

Published 02 Jan, 2016 12:00am

Most world markets closed

Stock, financial and commodity markets in New York, London, Europe and in Asia were closed on Friday due to observance of New Year holiday. All markets will reopen on Monday.

Published 02 Jan, 2016 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (January 01, 2016).

Published 02 Jan, 2016 12:00am

Most world markets closed

Stock, financial and commodity markets in New York, London, Europe and in Asia were closed on Friday due to observance of New Year holiday. All markets will reopen on Monday.

Published 02 Jan, 2016 12:00am

Exchange

LME official prices

The following were Thursday official prices.

Published 02 Jan, 2016 12:00am

Most world markets closed

Stock, financial and commodity markets in New York, London, Europe and in Asia were closed on Friday due to observance of New Year holiday. All markets will reopen on Monday.

Published 02 Jan, 2016 12:00am

Exchange

LME official prices

The following were Thursday official prices.

Published 02 Jan, 2016 12:00am

Auction for 3G/4G hangs in balance

The auction for next generation network spectrum (3G/4G) hangs in the balance, as InterConnect Communication, the consultant hired for the auction has reportedly painted a gloomy picture of market readiness, it is learnt Official sources at the Pakistan T

Published 02 Jan, 2016 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (January 01, 2016).

Published 02 Jan, 2016 12:00am

Auction for 3G/4G hangs in balance

The auction for next generation network spectrum (3G/4G) hangs in the balance, as InterConnect Communication, the consultant hired for the auction has reportedly painted a gloomy picture of market readiness, it is learnt Official sources at the Pakistan T

Published 02 Jan, 2016 12:00am

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (January 01, 2016)

Published 02 Jan, 2016 12:00am

Auction for 3G/4G hangs in balance

The auction for next generation network spectrum (3G/4G) hangs in the balance, as InterConnect Communication, the consultant hired for the auction has reportedly painted a gloomy picture of market readiness, it is learnt Official sources at the Pakistan T

Published 02 Jan, 2016 12:00am

Lahore Paper Market Rates

Paper market rates in rupees on Friday (January 01, 2016).

Published 02 Jan, 2016 12:00am

Auction for 3G/4G hangs in balance

The auction for next generation network spectrum (3G/4G) hangs in the balance, as InterConnect Communication, the consultant hired for the auction has reportedly painted a gloomy picture of market readiness, it is learnt Official sources at the Pakistan T

Published 02 Jan, 2016 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (January 01, 2016).

Published 02 Jan, 2016 12:00am

''Ring-fencing'' of imported LNG: Islamabad building Rs 60 billion Karachi-Sawan pipeline

The federal government has finalised a Rs 60 billion "mega project" to build a 350-kilometer long pipeline for the supply of Liquefied Natural Gas (LNG) in Sindh province. This LNG pipeline comes in addition to the 1100km transmission line Russia would be

Published 02 Jan, 2016 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (January 01, 2016).

Published 02 Jan, 2016 12:00am

'Ring-fencing' of imported LNG: Islamabad building Rs 60 billion Karachi-Sawan pipeline

The federal government has finalised a Rs 60 billion "mega project" to build a 350-kilometer long pipeline for the supply of Liquefied Natural Gas (LNG) in Sindh province. This LNG pipeline comes in addition to the 1100km transmission line Russia would be

Published 02 Jan, 2016 12:00am

Kerb

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Friday (January 01, 2016).

Published 02 Jan, 2016 12:00am

'Ring-fencing' of imported LNG: Islamabad building Rs 60 billion Karachi-Sawan pipeline

The federal government has finalised a Rs 60 billion "mega project" to build a 350-kilometer long pipeline for the supply of Liquefied Natural Gas (LNG) in Sindh province. This LNG pipeline comes in addition to the 1100km transmission line Russia would be

Published 02 Jan, 2016 12:00am

Kerb

THE RUPEE: steady trend

Firmness prevailed on the money market on Friday as the rupee held overnight levels at the first trading session of 2016, dealers said. The rupee retained its levels for the third day at Rs 105.90 and Rs 106.10 for buying and selling respectively, they ad

Published 02 Jan, 2016 12:00am

Correction

Apropos a news item on withholding tax on banking transactions carried by the newspaper and internet edition its back page in yesterday's issue, two typos crept into the text at two different places due to a computer glitch. Errors are regretted.

Published 02 Jan, 2016 12:00am

Kerb

THE RUPEE: steady trend

Firmness prevailed on the money market on Friday as the rupee held overnight levels at the first trading session of 2016, dealers said. The rupee retained its levels for the third day at Rs 105.90 and Rs 106.10 for buying and selling respectively, they ad

Published 02 Jan, 2016 12:00am

Correction

Apropos a news item on withholding tax on banking transactions carried by the newspaper and internet edition its back page in yesterday's issue, two typos crept into the text at two different places due to a computer glitch. Errors are regretted.

Published 02 Jan, 2016 12:00am

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Friday (January 01, 2016).

Published 02 Jan, 2016 12:00am

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Friday (January 01, 2016).

Published 02 Jan, 2016 12:00am

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Friday (January 01, 2016).

Published 02 Jan, 2016 12:00am

Cross Transactions between Client to Client & Financial Institutions

The following were the cross transactions between client to client & financial institutions here on Friday (January 01, 2016).

Published 02 Jan, 2016 12:00am

Member to Member

The following transactions member to member subsequently reported on Friday (January 01, 2016).

Published 02 Jan, 2016 12:00am

Mutual Funds

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Friday (January 01, 2016)

Published 02 Jan, 2016 12:00am

Mutual Funds

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Friday (January 01, 2016)

Published 02 Jan, 2016 12:00am

Mutual Funds

Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 02 Jan, 2016 12:00am

Exchange

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 02 Jan, 2016 12:00am

Exchange

Dividend/Bonus Announcements

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

Published 02 Jan, 2016 12:00am

Last date of renunciation/payment

Last dates of renunciation/payment.

Published 02 Jan, 2016 12:00am

Exchange

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 02 Jan, 2016 12:00am

Exchange

Clearing Schedule for T+2 System

Karachi Stock Exchange's Clearing Schedule for T+2 System.

Published 02 Jan, 2016 12:00am

Dates of Closure of Books & Annual General Meetings

Exchange

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	158.33
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
India Sensex / Apr 26	73730.16
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Hang Seng / Apr 26	17651.15
FTSE 100 / Apr 26	8139.83
Dow Jones / Apr 26	38239.66
Germany DAX 30 / Apr 26	18161.01

Item	Value
Crude Oil USD/Barrel / Apr 26	83.85
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 26	210048
Gold Spot USD/Ounce / Apr 26	2337.96
Cotton US¢/pound / Apr 26	80.90
Petrol/Litre / Apr 27	293.94

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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