Fri, Mar 06, 2015, Jamadi ul Awwal 14, 1436 A.H : Last updated 1 hour ago
 
 
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Javed Mirza
KARACHI: Treet Corporation Limited, a company specialises in manufacturing high quality razors, has planned to issue capital-boosting Islamic bonds with a perpetual tenor, it said on Thursday.
In its first foray in the Islamic debt capital ...
 
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our correspondent
KARACHI: The central bank on Thursday instructed banks and non-bank financial institutions to process subsidy claims by the wheat exporters following the directives of the Ministry of National Food Security and Research.
The State Bank issued ...
 
 
our correspondent
KARACHI: JS Bank Limited (JSBL) earned Rs1.060 billion in profit-after-tax in 2014, which was a more than 200 percent increase over the preceding year, a statement said.
The bank posted a profit after tax of Rs351.283 million in 2013. ...
 
 

Standard Chartered Bank Pakistan has declared a final cash dividend of Rs1.50 per share for the year 2014. This is in addition of 75 paisas per share interim cash dividend announced during the year, a bank statement said on Thursday.
These ...
 
 
our correspondent
KARACHI: Pakistan’s foreign exchange reserves increased to $16.136 billion during the week ended February 27, 2015 as compared to $15.943 billion a week ago, the central bank reported on Thursday.
The forex reserves held by the State Bank of ...
 
 
Irfan Siddiqui
DUBAI: Pakistan can earn five billion dollars every year if it exports one million workers to Middle East to avail the growing employment opportunities ahead of the World Expo in Dubai in 2020 and 2022 FIFA World Cup Qatar, ex-senator Anwar Baig ...
 
 

LONDON: The Bank of England on Thursday voted to keep its main interest rate at 0.50 percent for a sixth year running, as Britain balances deflation fears against steady growth.
As well as keeping the rate at a record-low level, policymakers ...
 
 

BRUSSELS: The European Central Bank Thursday held its key interest rates steady, as expected, as investors waited for ECB chief Mario Draghi to reveal more details of the bank´s much-anticipated bond purchase programme.
At the ECB´s regular ...
 
 

BEIJING: China lowered its 2015 economic growth target to “approximately seven percent” Thursday, scaling down expectations in the face of “formidable” difficulties for the world´s second-largest economy after its decades-long boom.
The figure ...
 
 
our correspondent
KARACHI: Pakistan’s capital market is at a crucial juncture. After the demutualisation of the stock exchanges in August 2012, there has been a structural change in the working of the capital market institutions with separation of the regulatory and ...
 
 
our correspondent
LAHORE: The IPR report on six months of economic progress of the country, depicting below par performance of the country, has predicted that the economy would fall well short of its target growth rate of 5.1 percent, Managing Director Institute of ...
 
 
News Desk
ISLAMABAD: Universal broadband is a target that can be achieved through public-private partnerships to promote greater digital, social and financial inclusion in the developing world, the chief executive officer of Etisalat Group said.
A ...
 
 
our correspondent
LAHORE: Investor relations training gets less attention in Pakistan as compared to the other parts of the world and the standardized practices are seldom adopted by the listed companies, speakers in a seminar said on Thursday.
In a training ...
 
 
News Desk
KARACHI: Matco Rice, a local basmati rice exporter, has launched its flagship products at the 20th edition of Gulfood 2015 in Dubai, a statement said on Thursday.
Matco introduced two new brands ‘Amber’ and ‘Bahar’ while another brand Falak was ...
 
 
News Desk
LAHORE: Nestlé Pakistan, in collaboration with Aurat Foundation, organised an event on Thursday to commemorate International Women’s Day by providing a platform where successful women shared their stories with others, according to a press release ...
 
 
our correspondent
LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) on Thursday urged the Federal Board of Revenue (FBR) to take notice of non-acceptance of refund applications from the sectors covered under SRO 1125 by the RTO Lahore, a statement ...
 
 
News Desk
KARACHI: Zong congratulated Anusha Rahman, minister of state for IT & Telecom and Dr Ismail Shah, chairman of PTA, on winning the “Government Mobile Excellence Award” as this achievement is a welcome news for the country, a statement quoting Nauman ...
 
 

BEIJING: China will link trading between its Shenzhen and Hong Kong stock markets as part of a push for financial reforms, Premier Li Keqiang said Thursday, following a similar scheme with Shanghai´s flagship bourse.
The “Shenzhen-Hong Kong ...
 
 
our correspondent
KARACHI: The Pakistan Auto Parts Show (PAPS) is going to be held at Expo center Karachi from 6th to 8th March, a statement said on Thursday.
A premier industry event, held once in every two years, brings together several manufacturers, ...
 
 

MUMBAI: A fall in oil prices saw Mukesh Ambani cede his status as “India´s richest man” on Thursday to pharmaceutical tycoon Dilip Shanghvi, who edged to the top of Forbes´ list of billionaires in the country.
The “real time” list of the richest ...
 
 

Bouzeneth Benaouda, Managing Director MCCPK visited Edhi Foundation facility in Town Ship area Lahore. He was greeted by Sibghat Ullah, Zonal Incharge EDHI foundation Lahore who escorted METRO team during the facility visit. Bouzeneth Benaouda met ...
 
 

ATHENS: Cash-strapped Greece had been hoping that the European Central Bank — which is about to pump billions into the Eurozone economy — would help ease its torment, but so far the ECB has been markedly reluctant to come to its aid.
These are ...
 
 
our correspondent
The KSE benchmark 100 shares index inched into positive territory in a lackluster trade on Thursday on hopes of further easing in the central bank’s policy stance, dealers said.
“It wasn’t a bull run, just a recovery per se short recovery as ...
 
 

BARCELONA: Authorities and tech developers must stop sensitive health data entered into applications on mobile phones ending up in the wrong hands, experts warn.
As wireless telecom companies gathered in Barcelona this week at the Mobile World ...
 
 
our correspondent
The rupee marginally fell against the dollar in the currency market on Thursday, a dealer said. In the interbank foreign exchange market, the rupee closed at 101.85 against the greenback, down five paisas as compared to the previous closing of ...
 
 
LSE

Bulls continued to dominate the Lahore Stock Exchange on Thursday, as the LSE-25 increased by five points to close at 5,910 points, a dealer said.
Trading volumes were much lower than the volumes recorded on the last trading day, a dealer said. ...
 
 
ISE

Bulls reappeared at the Islamabad Stock Exchange on Thursday, as the ISE-10 Index gained 24.82 points to close at 3,923.91 points, traders said.
Of the 151 companies, which took part in the shares trading, 85 closed in the positive territory and ...
 
 

Jahangir Siddiqui Co remained the hot stock with 21.359 million shares exchanging hands. The scrip gained nine paisas and closed at Rs8 per share. Analysts said the share invited investors’ interest after JSCL announced above expected profits for ...
 
 

DUBLIN: Ireland´s state-rescued Allied Irish Bank posted its first annual profit since 2008 on Thursday as income jumped and an improving Irish economy allowed for the reversal of write-downs.
Net profits, or earnings after taxation, were 915 ...
 
 

Singapore
Gold edged above $1,200 an ounce on Thursday after a three-day losing streak as equities weakened, but gains were limited by robust US economic data and strength in the dollar.
Spot gold had ticked up 0.2 percent to $1,201.75 an ...
 
 

New York
US oil futures rose on Wednesday and benchmark Brent pared losses as OPEC member Iran stressed that it opposed a timeline for a freeze on nuclear activities, news that helped crude rebound from an early slide tied to swelling US ...
 
 
our correspondent
Karachi
Trade turnover of cotton declined by over 40 percent to 5,900 bales (155 kilograms each), as majority of big textile mill-owners quit the local markets after building stocks for long-term use, a dealer said on Thursday.
“Most of the ...
 
 

London
Nickel rebounded, breaking a string of four straight losing sessions, after reports of closures of nickel operations in China and despite a surge in inventories.
The entire London Metal Exchange complex experienced a bounce on data ...