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May 15, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-09-27
Cut in global trade forecast

Cut in global trade forecast

At a time when Pakistan's exports have tended to decline and current account deficit has risen substantially, Geneva-based World Trade Organisation's (WTO) latest outlook is certain to compound the difficulties of the country. According to its forecasts r
Published 27 Sep, 2014 12:00am
Ijaz A Mumtaz elected President LCCI

Ijaz A Mumtaz elected President LCCI

Renowned businessmen Ijaz A Mumtaz, Mian Nauman Kabir and Syed Mahmood Ghaznavi on Friday elected unopposed as President, Senior Vice President and Vice President of the Lahore Chamber of Commerce and Industry (LCCI) respectively. All the three made their
Published 27 Sep, 2014 12:00am
Electricity bills: experts for reviving slab facility

Electricity bills: experts for reviving slab facility

Federal government should immediately revive the slab facility on electricity bills to get rid of the over- billing phenomenon, earning a bad name for it amidst hostile political situation in the country. The government had withdrawn the slab facility on
Published 27 Sep, 2014 12:00am
Education sector: LCCI opposes imposition of commercialisation tax

Education sector: LCCI opposes imposition of commercialisation tax

Lahore Chamber of Commerce and Industry has urged the Chief Minister Punjab Shahbaz Sharif to take notice of the imposition of exorbitant commercialisation tax on the education sector by the Lahore Development Authority (LDA). While addressing a delegatio
Published 27 Sep, 2014 12:00am
Usman Ghani elected PCMEA chairman

Usman Ghani elected PCMEA chairman

Usman Ghani has been elected unopposed as central chairman of the Pakistan Carpet Manufacturers and Exporters Association (PCMEA), while Qamar Zia has been elected as Senior Vice Chairman of the association for the North Zone and SM Shahzad Hanif as vice
Published 27 Sep, 2014 12:00am
Pervez Malik elected: Labard president unopposed

Pervez Malik elected: Labard president unopposed

The Governing Body of the Lahore Businessmen Association for Rehabilitation of Disabled (Labard) on Friday unanimously elected MNA Pervez Malik as its President. The Governing Body also elected Mian Nusrat uddin Senior Vice President, Busra Aitzaz Vice Pr
Published 27 Sep, 2014 12:00am
The two sit-ins in Islamabad

The two sit-ins in Islamabad

Apropos 'Roots of agitation' carried by Business Recorder in its BR Research section on September 16, the authors have argued that "lawyers' movement wanting top judiciary's restoration; doctors and mid- to low-level government servants on strike f
Published 27 Sep, 2014 12:00am
Activists rally to save Berlin Wall relic 25 years on

Activists rally to save Berlin Wall relic 25 years on

A rare remnant of the Berlin Wall lies at the end of an overgrown path next to the Spree River but as the 25th anniversary of its fall approaches, the relic is under threat. Berliners ripped down the despised Wall as fast as they could in the giddy months
Published 27 Sep, 2014 12:00am
Simpleton's handbook on international trade

Simpleton's handbook on international trade

Trade is an exchange between parties towards a mutually beneficial end; and trade generally occurs when one or more parties have a surplus of something, or needs something desperately enough to part with what he already has. For example, in the near futur
Published 27 Sep, 2014 12:00am
Modern or primitive Pakistan?

Modern or primitive Pakistan?

We should be grateful to Imran Khan and Tahirul Qadri whose presence in Islamabad brought about a sea change in the nation regarding political substance. When we lost East Pakistan in 1971 the worry amongst those that had served there was who would bell t
Published 27 Sep, 2014 12:00am
Fresh plea filed against Prime Minister

Fresh plea filed against Prime Minister

An application has been filed before the Lahore High Court in a pending case against Prime Minister Nawaz Sharif, urging the court to disqualify him for alleged money laundering charges. Barrister Javed Iqbal Jaffree filed an application in a pending case
Published 27 Sep, 2014 12:00am
Revive talks without any further loss of time

Revive talks without any further loss of time

An air of despondency pervades the country as both sides - the PML-N Government and Pakistan Tehrik-e-Insaf (PTI) - have entered into a blame-game for breakdown of talks. Both are using seemingly weighty arguments to strengthen their standpoints. But at t
Published 27 Sep, 2014 12:00am
Nisar meets Shahbaz

Nisar meets Shahbaz

Federal Interior Minister Chaudhry Nisar Ali Khan met Punjab Chief Minister Muhammad Shahbaz Sharif here on Friday. Matters regarding law and order as well as political situation of the country were discussed in the meeting.
Published 27 Sep, 2014 12:00am
'Get in the Ring' event held

'Get in the Ring' event held

Plan9 and Punjab Information Technology Board's Technology Incubator held an event 'Get in the Ring-the Investment Battle' at Arfa Software Technology, here on Thursday. It may be added that Get in the Ring-the Investment Battle-an International event-was
Published 27 Sep, 2014 12:00am
PML-N traders' wing greets new LCCI members

PML-N traders' wing greets new LCCI members

Vice President of PML-N Traders Wing Lahore Arjumand Maqsood has greeted the newly elected office-bearers and executive committee members of the Lahore Chamber of Commerce and Industry (LCCI) and hoped that the new body would utilise all energies to come
Published 27 Sep, 2014 12:00am
Chinese team pins high hopes on textile industry

Chinese team pins high hopes on textile industry

A business delegation from the Yantai Chamber of Commerce China visited APTMA Punjab on Friday and pinned high hopes with Pakistan's textile industry as a future industry to invest. The Chinese delegation spent time in understanding the inherent strengths
Published 27 Sep, 2014 12:00am
Qadri accuses judicial system of not punishing criminals

Qadri accuses judicial system of not punishing criminals

Terming democracy in the country as 'Gullucracy', Pakistan Awami Tehreek (PAT) chief Dr Tahirul Qadri on Friday blamed the prevailing judicial system of not giving punishment to criminals like "Gullu Butt" who was involved in criminal activities in the Mo
Published 27 Sep, 2014 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 27 Sep, 2014 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 27 Sep, 2014 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 27 Sep, 2014 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 27 Sep, 2014 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (September 26, 2014).

Published 27 Sep, 2014 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Friday (September 26, 2014).

Published 27 Sep, 2014 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (September 26, 2014).

Published 27 Sep, 2014 12:00am
Bill buying rates per unit of currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Friday (September 26, 2014).

Published 27 Sep, 2014 12:00am
Bureaucrats to oversee next general election

Bureaucrats to oversee next general election

The Election Commission of Pakistan (ECP) on Friday decided to hire returning officers (ROs) from bureaucracy for the general elections-2018. The decision was taken in a meeting of the commission under acting chief election commissioner Justice Anwar Zahe
Published 27 Sep, 2014 12:00am
Bureaucrats to oversee next general election

Bureaucrats to oversee next general election

The Election Commission of Pakistan (ECP) on Friday decided to hire returning officers (ROs) from bureaucracy for the general elections-2018. The decision was taken in a meeting of the commission under acting chief election commissioner Justice Anwar Zahe
Published 27 Sep, 2014 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (September 26, 2014).
Published 27 Sep, 2014 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (September 26, 2014).

Published 27 Sep, 2014 12:00am
'14 questions'to army chief: Altaf hints at holding sit-in in Islamabad

'14 questions'to army chief: Altaf hints at holding sit-in in Islamabad

Chief of Muttahida Qaumi Movement (MQM) Altaf Hussain has pose as many as 14 questions to the Chief of Army Staff General Raheel Sharif about the role of army and behaviour of paramilitary forces vis-a-vis MQM. In a statement, Altaf said that these questi
Published 27 Sep, 2014 12:00am
'14 questions'to army chief: Altaf hints at holding sit-in in Islamabad

'14 questions'to army chief: Altaf hints at holding sit-in in Islamabad

Chief of Muttahida Qaumi Movement (MQM) Altaf Hussain has pose as many as 14 questions to the Chief of Army Staff General Raheel Sharif about the role of army and behaviour of paramilitary forces vis-a-vis MQM. In a statement, Altaf said that these questi
Published 27 Sep, 2014 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (September 26, 2014).

Published 27 Sep, 2014 12:00am
Political impasse adversely affected economy: MoF

Political impasse adversely affected economy: MoF

The Senate Standing Committee on Finance and Revenue has expressed serious concerns over the non-payment of $800 million by Etisalat on account of Pakistan Telecommunication Limited (PTCL) privatisation. The committee met here on Friday with Senator Ilyas
Published 27 Sep, 2014 12:00am
Political impasse adversely affected economy: MoF

Political impasse adversely affected economy: MoF

The Senate Standing Committee on Finance and Revenue has expressed serious concerns over the non-payment of $800 million by Etisalat on account of Pakistan Telecommunication Limited (PTCL) privatisation. The committee met here on Friday with Senator Ilyas
Published 27 Sep, 2014 12:00am
Political impasse adversely affected economy: MoF

Political impasse adversely affected economy: MoF

The Senate Standing Committee on Finance and Revenue has expressed serious concerns over the non-payment of $800 million by Etisalat on account of Pakistan Telecommunication Limited (PTCL) privatisation. The committee met here on Friday with Senator Ilyas
Published 27 Sep, 2014 12:00am
$555 million IMF tranche: delay hurts finalisation of fourth review

$555 million IMF tranche: delay hurts finalisation of fourth review

International Monetary Fund (IMF) has confirmed that a delay has marred the finalisation of fourth review and is unwilling to give any specific date for release of next tranche of $555 million under $6.65 billion Extended Fund Facility. This impression wa
Published 27 Sep, 2014 12:00am
$555 million IMF tranche: delay hurts finalisation of fourth review

$555 million IMF tranche: delay hurts finalisation of fourth review

International Monetary Fund (IMF) has confirmed that a delay has marred the finalisation of fourth review and is unwilling to give any specific date for release of next tranche of $555 million under $6.65 billion Extended Fund Facility. This impression wa
Published 27 Sep, 2014 12:00am
$555 million IMF tranche: delay hurts finalisation of fourth review

$555 million IMF tranche: delay hurts finalisation of fourth review

International Monetary Fund (IMF) has confirmed that a delay has marred the finalisation of fourth review and is unwilling to give any specific date for release of next tranche of $555 million under $6.65 billion Extended Fund Facility. This impression wa
Published 27 Sep, 2014 12:00am
Ex-Wapda Discos: government reluctant to notify tariff determinations

Ex-Wapda Discos: government reluctant to notify tariff determinations

The federal government is reluctant to notify tariff determinations of Ex-Wapda Distribution Companies (Discos) for the financial year 2012-13 which proposed a reduction in tariff for different categories of consumers A senior official of the Ministry of
Published 27 Sep, 2014 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (September 26, 2014).

Published 27 Sep, 2014 12:00am
Ex-Wapda Discos: government reluctant to notify tariff determinations

Ex-Wapda Discos: government reluctant to notify tariff determinations

The federal government is reluctant to notify tariff determinations of Ex-Wapda Distribution Companies (Discos) for the financial year 2012-13 which proposed a reduction in tariff for different categories of consumers A senior official of the Ministry of
Published 27 Sep, 2014 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (September 26, 2014).

Published 27 Sep, 2014 12:00am
Ex-Wapda Discos: government reluctant to notify tariff determinations

Ex-Wapda Discos: government reluctant to notify tariff determinations

The federal government is reluctant to notify tariff determinations of Ex-Wapda Distribution Companies (Discos) for the financial year 2012-13 which proposed a reduction in tariff for different categories of consumers A senior official of the Ministry of
Published 27 Sep, 2014 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (September 26, 2014).

Published 27 Sep, 2014 12:00am
Britain votes to join US-led air strikes against jihadists

Britain votes to join US-led air strikes against jihadists

British lawmakers on Friday voted overwhelmingly to join anti-jihadist air strikes in Iraq as US-led raids in Syria disrupted the Islamic State group's lucrative oil-pumping operations. The House of Commons voted by a majority of 524 to 43 after the main
Published 27 Sep, 2014 12:00am
Britain votes to join US-led air strikes against jihadists

Britain votes to join US-led air strikes against jihadists

British lawmakers on Friday voted overwhelmingly to join anti-jihadist air strikes in Iraq as US-led raids in Syria disrupted the Islamic State group's lucrative oil-pumping operations. The House of Commons voted by a majority of 524 to 43 after the main
Published 27 Sep, 2014 12:00am
Air raids disrupt jihadist oil operations in Syria

Air raids disrupt jihadist oil operations in Syria

US-led air strikes in Syria disrupted the Islamic State group's lucrative oil-pumping operations as Britain's parliament on Friday debated joining anti-jihadist raids in neighbouring Iraq. In recent days, Washington and its allies have taken aim at the fu
Published 27 Sep, 2014 12:00am
Air raids disrupt jihadist oil operations in Syria

Air raids disrupt jihadist oil operations in Syria

US-led air strikes in Syria disrupted the Islamic State group's lucrative oil-pumping operations as Britain's parliament on Friday debated joining anti-jihadist raids in neighbouring Iraq. In recent days, Washington and its allies have taken aim at the fu
Published 27 Sep, 2014 12:00am
Volatility persists

Volatility persists

The Karachi share market remained volatile on the last trading day of the week Friday and the benchmark KSE-100 index lost another 235 points to close at 29,706 points as compared to 29,940 points Thursday. Analysts said bears took control at the bourse a
Published 27 Sep, 2014 12:00am
Volatility persists

Volatility persists

The Karachi share market remained volatile on the last trading day of the week Friday and the benchmark KSE-100 index lost another 235 points to close at 29,706 points as compared to 29,940 points Thursday. Analysts said bears took control at the bourse a
Published 27 Sep, 2014 12:00am
Volatility persists

Volatility persists

The Karachi share market remained volatile on the last trading day of the week Friday and the benchmark KSE-100 index lost another 235 points to close at 29,706 points as compared to 29,940 points Thursday. Analysts said bears took control at the bourse a
Published 27 Sep, 2014 12:00am
BRIndex30 loses 181.19 points

BRIndex30 loses 181.19 points

On Friday, BRIndex30 opened at 16,217.34 points. It touched an intraday high of 16,261.50 points and an intraday low of 15,998.39 points and closed at 16,036.15 points, which was -181.19 points or -1.12 percent lower than previous close. Total volume was
Published 27 Sep, 2014 12:00am
BRIndex30 loses 181.19 points

BRIndex30 loses 181.19 points

On Friday, BRIndex30 opened at 16,217.34 points. It touched an intraday high of 16,261.50 points and an intraday low of 15,998.39 points and closed at 16,036.15 points, which was -181.19 points or -1.12 percent lower than previous close. Total volume was
Published 27 Sep, 2014 12:00am
Last date for filing IT returns extended till October 31

Last date for filing IT returns extended till October 31

The Federal Board of Revenue (FBR) has notified extension in the date for filing of income tax returns/statements for Tax Year 2014. According to an income tax circular 5 of 2014 issued here on Friday, in exercise of powers conferred under section 214A of
Published 27 Sep, 2014 12:00am
Last date for filing IT returns extended till October 31

Last date for filing IT returns extended till October 31

The Federal Board of Revenue (FBR) has notified extension in the date for filing of income tax returns/statements for Tax Year 2014. According to an income tax circular 5 of 2014 issued here on Friday, in exercise of powers conferred under section 214A of
Published 27 Sep, 2014 12:00am
Last date for filing IT returns extended till October 31

Last date for filing IT returns extended till October 31

The Federal Board of Revenue (FBR) has notified extension in the date for filing of income tax returns/statements for Tax Year 2014. According to an income tax circular 5 of 2014 issued here on Friday, in exercise of powers conferred under section 214A of
Published 27 Sep, 2014 12:00am
SJC issues show-cause notice to AGP

SJC issues show-cause notice to AGP

The Supreme Judicial Council (SJC) has issued show cause a notice to Auditor General of Pakistan (AGP), giving him 14 days to submit his response to a reference filed against him. Reliable sources disclosed to Business Recorder on Friday that the A
Published 27 Sep, 2014 12:00am
SJC issues show-cause notice to AGP

SJC issues show-cause notice to AGP

The Supreme Judicial Council (SJC) has issued show cause a notice to Auditor General of Pakistan (AGP), giving him 14 days to submit his response to a reference filed against him. Reliable sources disclosed to Business Recorder on Friday that the A
Published 27 Sep, 2014 12:00am
Modi faces US court summons over riots

Modi faces US court summons over riots

Indian Prime Minister Narendra Modi's high-profile trip to the United States will not be affected by a US civil lawsuit over anti-Muslim riots in a state he once led, India and the United States said on Friday. Modi and the Indian government could seek to
Published 27 Sep, 2014 12:00am
Modi faces US court summons over riots

Modi faces US court summons over riots

Indian Prime Minister Narendra Modi's high-profile trip to the United States will not be affected by a US civil lawsuit over anti-Muslim riots in a state he once led, India and the United States said on Friday. Modi and the Indian government could seek to
Published 27 Sep, 2014 12:00am
Army chief reiterates resolve to counter provocation at LoC

Army chief reiterates resolve to counter provocation at LoC

Chief of Army Staff (CoAS) General Raheel Sharif on Friday visited troops deployed in forward localities along Line of Control (LOC) near Jhelum and reiterated that any provocation along the LoC will be responded effectively. While interacting with the tr
Published 27 Sep, 2014 12:00am
SPI inflation up 6.92 percent YoY

SPI inflation up 6.92 percent YoY

The weekly Sensitive Price Indicator (SPI) inflation surged by 6.92 percent during the week ended on September 25, 2014, registering an increase in prices of some essential commodities. The provisional data, released by Pakistan Bureau of Statistics, show
Published 27 Sep, 2014 12:00am
THE RUPEE: modest slide

THE RUPEE: modest slide

The rupee fell modestly against the dollar on the money market on Friday in the process of trading, dealers said. The rupee shed two paisa in relation to the dollar for buying and selling at Rs 102.78 and Rs 102.80, they said.
Published 27 Sep, 2014 12:00am
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