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May 12, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-03-18
Revaluating Wapda assets
Libor

Revaluating Wapda assets

According to a Business Recorder exclusive, the Water and Power Development Authority (Wapda) has decided to revaluate its assets under present market rates and offer part of what is expected to be an increase to the general public. The obvious obj
Published 18 Mar, 2015 12:00am
Imran assures Karak protesters of fulfilling demands

Imran assures Karak protesters of fulfilling demands

Pakistan Tehreek-e-Insaf (PTI) Chief Imran Khan Tuesday assured a group of protesters from Karak, a district in Khyber Pakhtunkhawa that all their demands will be met. Earlier, leaders and activists from district Karak held a sit-in outside Imran Khan's r
Published 18 Mar, 2015 12:00am
KP IGP suspends In-charge Investigation

KP IGP suspends In-charge Investigation

The Inspector General of Police (IGP) Khyber Pakhtunkhwa Nasir Khan Durrani on public complaints has suspended In-charge investigation police station Badhaber Sub-Inspector Tariq Umar with immediate effect and also ordered departmental inquiry against him
Published 18 Mar, 2015 12:00am
KP ST&IT department, CISCO sign MoU

KP ST&IT department, CISCO sign MoU

A Memorandum of Understanding (MoU) was signed between Science and Technology and Information Technology (ST&IT) department, Khyber Pakhtunkhwa and CISCO-a California based international IT company, says a handout issued on Tuesday. According to the MoU C
Published 18 Mar, 2015 12:00am
Lahore is no jungle

Lahore is no jungle

Business Recorder's editorial "Bomb blasts at Lahore churches" carried by the newspaper yesterday has made a critical but valid point. According to it, "Lahore may not be very far from the Changa Manga forest, but it is no jungle to be run under the law o
Published 18 Mar, 2015 12:00am
Europe braces for 'unprecedented' power issues from solar eclipse

Europe braces for 'unprecedented' power issues from solar eclipse

Europe's power operators are bracing for potential disruption from the solar eclipse expected Friday, which will knock out almost all solar-generated electricity in an "unprecedented" test for the network. "The risk of an incident cannot be completely rul
Published 18 Mar, 2015 12:00am
American investments in Pakistan

American investments in Pakistan

While addressing the 3rd Pakistan-US Business Opportunities Conference in Islamabad last week, the visiting US Secretary Commerce, Penny Pritzker, underlined security, unfair taxation and bureaucratic procedures as key impediments to doing business in Pak
Published 18 Mar, 2015 12:00am
'Old Pakistan', 'New Pakistan' The way forward

'Old Pakistan', 'New Pakistan' The way forward

Sixty-eight years into our existence as an independent country we are beset with numerous crisis. The latest is the warning by IRSA that the nation is on the verge of a mammoth water crisis, which would put the energy crisis look like a picnic. It has rec
Published 18 Mar, 2015 12:00am
New hope for peace in Syria

New hope for peace in Syria

As the war in Syria enters in its fifth year with disastrous consequences for all involved, the US has finally come to the realisation that its insistence on the Assad regime's ouster is useless, if not counterproductive. In a recent interview, Secretary
Published 18 Mar, 2015 12:00am
UAF spring festival begins

UAF spring festival begins

The University of Agriculture Faisalabad (UAF) is holding a six-day Spring festival from Wednesday. The festival is bringing colourful events including the tent pegging, Agricultural exhibition, Kissan convention, cultural show, milk and beauty competitio
Published 18 Mar, 2015 12:00am
Japan contributes $16.21 million to UN Programmes for IDPs

Japan contributes $16.21 million to UN Programmes for IDPs

The Government of Japan on Tuesday announced that it has disbursed $16.21 million in total to UN Development Programme (UNDP), UN-Habitat (the UN Human Settlements Programme), UN High Commission for Refugees (UNHCR) and World Food Programme (WFP) to suppo
Published 18 Mar, 2015 12:00am
Daniel Pearl case: Qari Hashim has been freed, SHC told

Daniel Pearl case: Qari Hashim has been freed, SHC told

The Central Jail Hyderabad's Superintendent Aijaz Hyder informed the Sindh High Court (SHC) here on Tuesday that Syed Qari Hashim Shah, who was acquitted in US journalist Daniel Pearl's murder case, has been released from the prison. The court was hearing
Published 18 Mar, 2015 12:00am
Punjab chief minister orders action against violent protestors

Punjab chief minister orders action against violent protestors

Punjab Chief Minister Muhammad Shahbaz Sharif has said that the incident that took place in Yuhanabad was highly condemnable and it was the worst conspiracy to divide the nation. He said that terrorists have no religion and do not deserve to be called hum
Published 18 Mar, 2015 12:00am
Transfers, postings in FBR

Transfers, postings in FBR

The Federal Board of Revenue (FBR) has transferred and posted five officials of Inland Revenue Service (BS-19/20) with immediate effect.
Published 18 Mar, 2015 12:00am
Pakistan, Austria ink OECD model protocol

Pakistan, Austria ink OECD model protocol

Pakistan and Austria here on Tuesday signed the Organisation for Economic Co-operation and Development (OECD) model protocol aiming at bringing transparency in taxation affairs and exchange of data and information between the two countries. The agreement
Published 18 Mar, 2015 12:00am
FBR wing may file reference against supermodel

FBR wing may file reference against supermodel

Top model Ayyan Ali faces legal reference for alleged concealment of income tax and unexplained source of $506,800 as the Directorate General of Intelligence and Investigation (I&I) Inland Revenue (IR) Federal Board of Revenue (FBR) is likely to file a re
Published 18 Mar, 2015 12:00am
Private Fund Regulations: SECP rationalises regulatory requirements

Private Fund Regulations: SECP rationalises regulatory requirements

The Securities and Exchange Commission of Pakistan (SECP) has rationalised regulatory requirements of Private Fund Regulations to facilitate investment advisors in developing better understanding of the investment objectives of their clients keeping in vi
Published 18 Mar, 2015 12:00am
Sukuk issues regulations: SECP lays down new conditions

Sukuk issues regulations: SECP lays down new conditions

The Securities and Exchange Commission of Pakistan (SECP) has laid down new conditions for any issuer ie company, Special Purpose Vehicle or body corporate, which intends to issue Sukuk instruments. Under SRO.112(I)/2015 issued by the SECP here on Tuesday
Published 18 Mar, 2015 12:00am
Sukuk issues regulations: SECP lays down new conditions

Sukuk issues regulations: SECP lays down new conditions

The Securities and Exchange Commission of Pakistan (SECP) has laid down new conditions for any issuer ie company, Special Purpose Vehicle or body corporate, which intends to issue Sukuk instruments. Under SRO.112(I)/2015 issued by the SECP here on Tuesday
Published 18 Mar, 2015 12:00am
Plea rejected: Saulat Mirza to be hanged

Plea rejected: Saulat Mirza to be hanged

The Chief Justice Nasirul Mulk on Tuesday rejected Saulat Mirza'a plea through which he had urged the Supreme Court to revisit its review about his death penalty. An Anti-Terrorism Court (ATC) had awarded death sentence to Mirza in 1999 on charges of murd
Published 18 Mar, 2015 12:00am
Plea rejected: Saulat Mirza to be hanged

Plea rejected: Saulat Mirza to be hanged

The Chief Justice Nasirul Mulk on Tuesday rejected Saulat Mirza'a plea through which he had urged the Supreme Court to revisit its review about his death penalty. An Anti-Terrorism Court (ATC) had awarded death sentence to Mirza in 1999 on charges of murd
Published 18 Mar, 2015 12:00am
Water accord: CCI meets today to consider KPK proposal

Water accord: CCI meets today to consider KPK proposal

The Council of Common Interests (CCI), which is scheduled to meet on Wednesday (today) with Prime Minister Nawaz Sharif in the chair, will consider a proposal of Khyber Pakhtunkhwa (KPK) to amend the Indus Water Apportionment Accord 1991 to get its due sh
Published 18 Mar, 2015 12:00am
Water accord: CCI meets today to consider KPK proposal

Water accord: CCI meets today to consider KPK proposal

The Council of Common Interests (CCI), which is scheduled to meet on Wednesday (today) with Prime Minister Nawaz Sharif in the chair, will consider a proposal of Khyber Pakhtunkhwa (KPK) to amend the Indus Water Apportionment Accord 1991 to get its due sh
Published 18 Mar, 2015 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 Tuesday (March 17, 2015).

Published 18 Mar, 2015 12:00am
Water accord: CCI meets today to consider KPK proposal

Water accord: CCI meets today to consider KPK proposal

The Council of Common Interests (CCI), which is scheduled to meet on Wednesday (today) with Prime Minister Nawaz Sharif in the chair, will consider a proposal of Khyber Pakhtunkhwa (KPK) to amend the Indus Water Apportionment Accord 1991 to get its due sh
Published 18 Mar, 2015 12:00am
Major US allies to join China-backed bank

Major US allies to join China-backed bank

A senior US diplomat said it was up to individual countries whether to join a new China-led international development bank as media reports said a growing number of close US allies were ignoring Washington's pressure to stay out of the institution. France
Published 18 Mar, 2015 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (March 17, 2015).
Published 18 Mar, 2015 12:00am
Major US allies to join China-backed bank

Major US allies to join China-backed bank

A senior US diplomat said it was up to individual countries whether to join a new China-led international development bank as media reports said a growing number of close US allies were ignoring Washington's pressure to stay out of the institution. France
Published 18 Mar, 2015 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (March 17, 2015).

Published 18 Mar, 2015 12:00am
Major US allies to join China-backed bank

Major US allies to join China-backed bank

A senior US diplomat said it was up to individual countries whether to join a new China-led international development bank as media reports said a growing number of close US allies were ignoring Washington''s pressure to stay out of the institution. Franc
Published 18 Mar, 2015 12:00am
Hydropower projects: Wapda likely to offer shares on bourses

Hydropower projects: Wapda likely to offer shares on bourses

Water and Power Development Authority (Wapda) is likely to follow Oil and Gas Development Company Limited (OGDCL) in offering its shares on bourses to generate funds for hydropower projects like 969MW Neelum-Jehlum as the project is yet to achieve financi
Published 18 Mar, 2015 12:00am
Hydropower projects: Wapda likely to offer shares on bourses

Hydropower projects: Wapda likely to offer shares on bourses

Water and Power Development Authority (Wapda) is likely to follow Oil and Gas Development Company Limited (OGDCL) in offering its shares on bourses to generate funds for hydropower projects like 969MW Neelum-Jehlum as the project is yet to achieve financi
Published 18 Mar, 2015 12:00am
Hydropower projects: Wapda likely to offer shares on bourses

Hydropower projects: Wapda likely to offer shares on bourses

Water and Power Development Authority (Wapda) is likely to follow Oil and Gas Development Company Limited (OGDCL) in offering its shares on bourses to generate funds for hydropower projects like 969MW Neelum-Jehlum as the project is yet to achieve financi
Published 18 Mar, 2015 12:00am
Lynching of two persons; Nisar steps up criticism on mob action

Lynching of two persons; Nisar steps up criticism on mob action

Federal Interior Minister Chaudhry Nisar Ali Khan on Tuesday termed the lynching of two persons following two separate terrorist attacks on Lahore churches as the worst kind of terrorism and vowed to arrest all culprits behind those killings.
Published 18 Mar, 2015 12:00am
Lynching of two persons; Nisar steps up criticism on mob action

Lynching of two persons; Nisar steps up criticism on mob action

Federal Interior Minister Chaudhry Nisar Ali Khan on Tuesday termed the lynching of two persons following two separate terrorist attacks on Lahore churches as the worst kind of terrorism and vowed to arrest all culprits behind those killings.
Published 18 Mar, 2015 12:00am
12 hanged in largest execution since moratorium lifted

12 hanged in largest execution since moratorium lifted

The govt hanged 12 convicts on Tuesday, an Interior Ministry spokesman said, amid a growing uproar over plans to execute a man whose lawyers say was 14 when he was tortured into a confession of killing a child. Tuesday's hangings, including one man who wa
Published 18 Mar, 2015 12:00am
12 hanged in largest execution since moratorium lifted

12 hanged in largest execution since moratorium lifted

The govt hanged 12 convicts on Tuesday, an Interior Ministry spokesman said, amid a growing uproar over plans to execute a man whose lawyers say was 14 when he was tortured into a confession of killing a child. Tuesday's hangings, including one man who wa
Published 18 Mar, 2015 12:00am
LNG pricing: Qatari ruler may seal the deal himself

LNG pricing: Qatari ruler may seal the deal himself

To conclude the Liquefied Natural Gas (LNG) deal with Pakistan Qatari ruler Sheikh Tamim bin Hamad Al Thani is likely to reach Islamabad next week, it is learnt. According to sources privy to the developments, the Qatari ruler is expected to arrive in Pak
Published 18 Mar, 2015 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (March 17, 2015).

Published 18 Mar, 2015 12:00am
LNG pricing: Qatari ruler may seal the deal himself

LNG pricing: Qatari ruler may seal the deal himself

To conclude the Liquefied Natural Gas (LNG) deal with Pakistan Qatari ruler Sheikh Tamim bin Hamad Al Thani is likely to reach Islamabad next week, it is learnt. According to sources privy to the developments, the Qatari ruler is expected to arrive in Pak
Published 18 Mar, 2015 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (March 17, 2015).

Published 18 Mar, 2015 12:00am
LNG pricing: Qatari ruler may seal the deal himself

LNG pricing: Qatari ruler may seal the deal himself

To conclude the Liquefied Natural Gas (LNG) deal with Pakistan Qatari ruler Sheikh Tamim bin Hamad Al Thani is likely to reach Islamabad next week, it is learnt. According to sources privy to the developments, the Qatari ruler is expected to arrive in Pak
Published 18 Mar, 2015 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (March 17, 2015).

Published 18 Mar, 2015 12:00am
PTI 'economist' smells a rat

PTI 'economist' smells a rat

Pakistan Tehreek-e-Insaf (PTI) MNA and senior leader Asad Umar on Tuesday demanded of the government to immediately make public the terms and conditions of the LNG deal with Qatar. According to him, lack of transparency on the deal raises the spectre of f
Published 18 Mar, 2015 12:00am
PTI 'economist' smells a rat

PTI 'economist' smells a rat

Pakistan Tehreek-e-Insaf (PTI) MNA and senior leader Asad Umar on Tuesday demanded of the government to immediately make public the terms and conditions of the LNG deal with Qatar. According to him, lack of transparency on the deal raises the spectre of f
Published 18 Mar, 2015 12:00am
PTI 'economist' smells a rat

PTI 'economist' smells a rat

Pakistan Tehreek-e-Insaf (PTI) MNA and senior leader Asad Umar on Tuesday demanded of the government to immediately make public the terms and conditions of the LNG deal with Qatar. According to him, lack of transparency on the deal raises the spectre of f
Published 18 Mar, 2015 12:00am
PTI ''''economist'''' smells a rat

PTI ''''economist'''' smells a rat

Pakistan Tehreek-e-Insaf (PTI) MNA and senior leader Asad Umar on Tuesday demanded of the government to immediately make public the terms and conditions of the LNG deal with Qatar. According to him, lack of transparency on the deal raises the spectre of f
Published 18 Mar, 2015 12:00am
Wellhead gas price: Ministry facing resistance from KPK, Sindh

Wellhead gas price: Ministry facing resistance from KPK, Sindh

The Petroleum Ministry is reportedly facing resistance from KPK and Sindh over the proposed increase in wellhead gas price to $6 per MMBTU from existing price of $1.5 to $4 per MMBTU, well informed sources told Business Recorder. Both the provinces
Published 18 Mar, 2015 12:00am
Wellhead gas price: Ministry facing resistance from KPK, Sindh

Wellhead gas price: Ministry facing resistance from KPK, Sindh

The Petroleum Ministry is reportedly facing resistance from KPK and Sindh over the proposed increase in wellhead gas price to $6 per MMBTU from existing price of $1.5 to $4 per MMBTU, well informed sources told Business Recorder. Both the provinces
Published 18 Mar, 2015 12:00am
Wellhead gas price: Ministry facing resistance from KPK, Sindh

Wellhead gas price: Ministry facing resistance from KPK, Sindh

The Petroleum Ministry is reportedly facing resistance from KPK and Sindh over the proposed increase in wellhead gas price to $6 per MMBTU from existing price of $1.5 to $4 per MMBTU, well informed sources told Business Recorder. Both the provinces
Published 18 Mar, 2015 12:00am
Fertiliser sector: budgeted subsidy to lapse: minister

Fertiliser sector: budgeted subsidy to lapse: minister

Federal Minister for National Food Security & Research Sikandar Hayat Khan Bosan on Tuesday said that the budgeted subsidy of Rs 14 billion for fertiliser sector during the current fiscal year would lapse due to a disagreement on pricing mechanism between
Published 18 Mar, 2015 12:00am
Fertiliser sector: budgeted subsidy to lapse: minister

Fertiliser sector: budgeted subsidy to lapse: minister

Federal Minister for National Food Security & Research Sikandar Hayat Khan Bosan on Tuesday said that the budgeted subsidy of Rs 14 billion for fertiliser sector during the current fiscal year would lapse due to a disagreement on pricing mechanism between
Published 18 Mar, 2015 12:00am
Fertiliser sector: budgeted subsidy to lapse: minister

Fertiliser sector: budgeted subsidy to lapse: minister

Federal Minister for National Food Security & Research Sikandar Hayat Khan Bosan on Tuesday said that the budgeted subsidy of Rs 14 billion for fertiliser sector during the current fiscal year would lapse due to a disagreement on pricing mechanism between
Published 18 Mar, 2015 12:00am
No decision yet on LNG supply to fertiliser sector

No decision yet on LNG supply to fertiliser sector

The Economic Co-ordination Committee (ECC) of the Cabinet has been unable to take any decision with respect to import and supply of LNG to fertiliser sector due to growing differences between Ministry of Petroleum and Water and Power, it was learnt. Sourc
Published 18 Mar, 2015 12:00am
No decision yet on LNG supply to fertiliser sector

No decision yet on LNG supply to fertiliser sector

The Economic Co-ordination Committee (ECC) of the Cabinet has been unable to take any decision with respect to import and supply of LNG to fertiliser sector due to growing differences between Ministry of Petroleum and Water and Power, it was learnt. Sourc
Published 18 Mar, 2015 12:00am
No decision yet on LNG supply to fertiliser sector

No decision yet on LNG supply to fertiliser sector

The Economic Co-ordination Committee (ECC) of the Cabinet has been unable to take any decision with respect to import and supply of LNG to fertiliser sector due to growing differences between Ministry of Petroleum and Water and Power, it was learnt. Sourc
Published 18 Mar, 2015 12:00am
Bearish trend persists

Bearish trend persists

A bearish trend persisted on the Karachi share market Tuesday as fear of foreign selling forced investors to book profits. The benchmark KSE-100 index maintained downward trajectory and lost 113 points to close at 32,342 points down from 32,455 points on
Published 18 Mar, 2015 12:00am
Bearish trend persists

Bearish trend persists

A bearish trend persisted on the Karachi share market Tuesday as fear of foreign selling forced investors to book profits. The benchmark KSE-100 index maintained downward trajectory and lost 113 points to close at 32,342 points down from 32,455 points on
Published 18 Mar, 2015 12:00am
Bearish trend persists

Bearish trend persists

A bearish trend persisted on the Karachi share market Tuesday as fear of foreign selling forced investors to book profits. The benchmark KSE-100 index maintained downward trajectory and lost 113 points to close at 32,342 points down from 32,455 points on
Published 18 Mar, 2015 12:00am
BRIndex30 sheds 111.84 points

BRIndex30 sheds 111.84 points

On Tuesday, BRIndex30 opened at 18,555.30 points. It touched an intraday high of 18,601.58 points and an intraday low of 18,230.18 points and closed at 18,443.46 points which was -111.84 points or -0.6 percent lower than previous close. Total volume was 8
Published 18 Mar, 2015 12:00am
BRIndex30 sheds 111.84 points

BRIndex30 sheds 111.84 points

On Tuesday, BRIndex30 opened at 18,555.30 points. It touched an intraday high of 18,601.58 points and an intraday low of 18,230.18 points and closed at 18,443.46 points which was -111.84 points or -0.6 percent lower than previous close. Total volume was 8
Published 18 Mar, 2015 12:00am
LSE index loses 6.74 points

LSE index loses 6.74 points

Mixed sentiments prevailed on the Lahore Stock Exchange on Tuesday where equities moved both ways and finally settled in negative zone amid sluggish trading trend. The LSE-25 index lost 6.74 points to 5731.48 against 5738.22 of Monday while transaction vo
Published 18 Mar, 2015 12:00am
LSE index loses 6.74 points

LSE index loses 6.74 points

Mixed sentiments prevailed on the Lahore Stock Exchange on Tuesday where equities moved both ways and finally settled in negative zone amid sluggish trading trend. The LSE-25 index lost 6.74 points to 5731.48 against 5738.22 of Monday while transaction vo
Published 18 Mar, 2015 12:00am
FTR Rule 156 amended: President approves leave of AGP

FTR Rule 156 amended: President approves leave of AGP

The President has approved the advice of the Prime Minister for grant of 11 days casual leave to Muhammad Akhtar Buland Rana, Auditor-General of Pakistan (AGP). The leave will be effective from March 24 affixing and suffixing public holidays. On another s
Published 18 Mar, 2015 12:00am
Railways asked to auction abandoned tracks, bridges

Railways asked to auction abandoned tracks, bridges

The Sub-Committee of Public Accounts Committee (PAC) directed Pakistan Railways on Tuesday to formulate a policy with a view to auctioning abandoned railway tracks and bridges to meet its financial needs. The committee met with Sardar Ashaq Hussain Gopang
Published 18 Mar, 2015 12:00am
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