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May 11, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-05-07
Qadir Baloch meets Shahbaz

Qadir Baloch meets Shahbaz

Federal Minister Lieutenant General Abdul Qadir Baloch (Retd) called on Punjab Chief Minister Shahbaz Sharif, here Wednesday. Speaking on the occasion, Shahbaz Sharif said that PML-N government will fulfil the promise of removing darkness from the country
Published 07 May, 2015 12:00am
Sartaj, Maldives President discuss regional situation

Sartaj, Maldives President discuss regional situation

Advisor to the Prime Minister on National Security and Foreign Affairs Sartaj Aziz Wednesday called on the visiting Maldives President Abdullah Yameen Abdul Gayoom as he arrived on a two-day official visit to Pakistan. According to Foreign Office sources,
Published 07 May, 2015 12:00am
SHC gives last chance to Mirza to show up

SHC gives last chance to Mirza to show up

The Sindh High Court on Wednesday gave last chance to the disowned leader of Pakistan Peoples Party and former home minister Zulifqar Mirza to show up before the concerned trial court by May 09. A division bench headed Chief Justice Faisal Arab extended t
Published 07 May, 2015 12:00am
Black money held abroad: TRC proposes amendments in FERA

Black money held abroad: TRC proposes amendments in FERA

Tax Reform Commission (TRC) has recommended amendments in Foreign Exchange Regulation Act (FERA) in budget (2015-16), empowering the Board to seize property in Pakistan in cases where any person holds foreign exchange, foreign security or any immovable pr
Published 07 May, 2015 12:00am
Black money held abroad: TRC proposes amendments in FERA

Black money held abroad: TRC proposes amendments in FERA

Tax Reform Commission (TRC) has recommended amendments in Foreign Exchange Regulation Act (FERA) in budget (2015-16), empowering the Board to seize property in Pakistan in cases where any person holds foreign exchange, foreign security or any immovable pr
Published 07 May, 2015 12:00am
Black money held abroad: TRC proposes amendments in FERA

Black money held abroad: TRC proposes amendments in FERA

Tax Reform Commission (TRC) has recommended amendments in Foreign Exchange Regulation Act (FERA) in budget (2015-16), empowering the Board to seize property in Pakistan in cases where any person holds foreign exchange, foreign security or any immovable pr
Published 07 May, 2015 12:00am
Salman Khan sentenced to five years

Salman Khan sentenced to five years

Bollywood superstar Salman Khan was sentenced Wednesday to five years in prison for killing a homeless man with his SUV in a 2002 hit-and-run after a night out drinking at an upmarket bar. Judge D.W. Deshpande found Khan guilty of culpable homicide and ot
Published 07 May, 2015 12:00am
Salman Khan sentenced to five years

Salman Khan sentenced to five years

Bollywood superstar Salman Khan was sentenced Wednesday to five years in prison for killing a homeless man with his SUV in a 2002 hit-and-run after a night out drinking at an upmarket bar. Judge D.W. Deshpande found Khan guilty of culpable homicide and ot
Published 07 May, 2015 12:00am
LNG pricing to be finalised anytime soon: Khaqan

LNG pricing to be finalised anytime soon: Khaqan

Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi on Wednesday said that an agreement on LNG pricing will be finalised with Qatar anytime soon. It will be uploaded on the website of the Ministry. Briefing the National Assembly Standing Com
Published 07 May, 2015 12:00am
LNG pricing to be finalised anytime soon: Khaqan

LNG pricing to be finalised anytime soon: Khaqan

Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi on Wednesday said that an agreement on LNG pricing will be finalised with Qatar anytime soon. It will be uploaded on the website of the Ministry. Briefing the National Assembly Standing Com
Published 07 May, 2015 12:00am
LNG pricing to be finalised anytime soon: Khaqan

LNG pricing to be finalised anytime soon: Khaqan

Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi on Wednesday said that an agreement on LNG pricing will be finalised with Qatar anytime soon. It will be uploaded on the website of the Ministry. Briefing the National Assembly Standing Com
Published 07 May, 2015 12:00am
Minister agrees to scrap power policy

Minister agrees to scrap power policy

Minister for Water and Power, Khawaja Asif has reportedly agreed to scrap the contentious Power Policy 2015 after Chief Ministers of Sindh, Balochistan and Khyber Pakhtunkhwa (KPK) expressed reservations for the centre notifying the policy without the con
Published 07 May, 2015 12:00am
Minister agrees to scrap power policy

Minister agrees to scrap power policy

Minister for Water and Power, Khawaja Asif has reportedly agreed to scrap the contentious Power Policy 2015 after Chief Ministers of Sindh, Balochistan and Khyber Pakhtunkhwa (KPK) expressed reservations for the centre notifying the policy without the con
Published 07 May, 2015 12:00am
Minister agrees to scrap power policy

Minister agrees to scrap power policy

Minister for Water and Power, Khawaja Asif has reportedly agreed to scrap the contentious Power Policy 2015 after Chief Ministers of Sindh, Balochistan and Khyber Pakhtunkhwa (KPK) expressed reservations for the centre notifying the policy without the con
Published 07 May, 2015 12:00am
Bulls rule the roost

Bulls rule the roost

Bulls prevailed on Wednesday over Karachi equity market that gained 305.64 points or 0.91 percent. Having peaked to the session high 33,925.81 points, the KSE-100 index finally settled at 33, 839.28. "Stocks closed higher amid a bullish rally in oil scrip
Published 07 May, 2015 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 07 May, 2015 12:00am
Bulls rule the roost

Bulls rule the roost

Bulls prevailed on Wednesday over Karachi equity market that gained 305.64 points or 0.91 percent. Having peaked to the session high 33,925.81 points, the KSE-100 index finally settled at 33, 839.28. "Stocks closed higher amid a bullish rally in oil scrip
Published 07 May, 2015 12:00am
Bulls rule the roost

Bulls rule the roost

Bulls prevailed on Wednesday over Karachi equity market that gained 305.64 points or 0.91 percent. Having peaked to the session high 33,925.81 points, the KSE-100 index finally settled at 33, 839.28. "Stocks closed higher amid a bullish rally in oil scrip
Published 07 May, 2015 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 07 May, 2015 12:00am
BRIndex30 up 94 points

BRIndex30 up 94 points

On Wednesday, BRIndex30 opened at 20,032.10 points and remained positive throughout the trading session. It touched an intraday high of 20,278.59 points and an intraday low of 20,068.01 points and closed at 20,126.10 which was 94 points or 0.47 percent hi
Published 07 May, 2015 12:00am
BRIndex30 up 94 points

BRIndex30 up 94 points

On Wednesday, BRIndex30 opened at 20,032.10 points and remained positive throughout the trading session. It touched an intraday high of 20,278.59 points and an intraday low of 20,068.01 points and closed at 20,126.10 which was 94 points or 0.47 percent hi
Published 07 May, 2015 12:00am
Australia: government seeks greater market access

Australia: government seeks greater market access

Pakistan Wednesday sought greater access to its products in Australian market, as the country's Foreign Minister Julie Bishop announced AUD$24 million in development assistance to further strengthen bilateral ties in diverse fields including trade and eco
Published 07 May, 2015 12:00am
Australia: government seeks greater market access

Australia: government seeks greater market access

Pakistan Wednesday sought greater access to its products in Australian market, as the country's Foreign Minister Julie Bishop announced AUD$24 million in development assistance to further strengthen bilateral ties in diverse fields including trade and eco
Published 07 May, 2015 12:00am
Australia: government seeks greater market access

Australia: government seeks greater market access

Pakistan Wednesday sought greater access to its products in Australian market, as the country''s Foreign Minister Julie Bishop announced AUD$24 million in development assistance to further strengthen bilateral ties in diverse fields including trade and ec
Published 07 May, 2015 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (May 06, 2015).

Published 07 May, 2015 12:00am
LSE index gains 58.58 points

LSE index gains 58.58 points

Equities on Wednesday recovered on the Lahore Stock Exchange and gained amid an improving trading turnover. The LSE-25 index gained 58.58 points to 5655.49 against 5596.91 of Tuesday while transaction volume was improved to 861,500 shares compared with th
Published 07 May, 2015 12:00am
LSE index gains 58.58 points

LSE index gains 58.58 points

Equities on Wednesday recovered on the Lahore Stock Exchange and gained amid an improving trading turnover. The LSE-25 index gained 58.58 points to 5655.49 against 5596.91 of Tuesday while transaction volume was improved to 861,500 shares compared with th
Published 07 May, 2015 12:00am
ISE index gains 128.67 points

ISE index gains 128.67 points

Gainers outclassed losers at the Islamabad Stock Exchange (ISE) on Wednesday, where star performer stocks moved in upward direction amid increase in index. ISE Ten Index showed an improvement of 128.67 points as the ISE Ten Index moved from 3,660.61 to 3,
Published 07 May, 2015 12:00am
ISE index gains 128.67 points

ISE index gains 128.67 points

Gainers outclassed losers at the Islamabad Stock Exchange (ISE) on Wednesday, where star performer stocks moved in upward direction amid increase in index. ISE Ten Index showed an improvement of 128.67 points as the ISE Ten Index moved from 3,660.61 to 3,
Published 07 May, 2015 12:00am
THE RUPEE: minor changes

THE RUPEE: minor changes

The rupee managed to gain slightly versus the dollar on the money market on Wednesday in the process of trading, dealers said. The rupee picked up four-paisa for buying and selling at Rs 101.74 and Rs 101.76 respectively, they said.
Published 07 May, 2015 12:00am
THE RUPEE: minor changes

THE RUPEE: minor changes

The rupee managed to gain slightly versus the dollar on the money market on Wednesday in the process of trading, dealers said. The rupee picked up four-paisa for buying and selling at Rs 101.74 and Rs 101.76 respectively, they said.
Published 07 May, 2015 12:00am
China eyes export fillip in modern Silk Road

China eyes export fillip in modern Silk Road

China should make use of its plans to build a modern Silk Road to drive its exports of rail, energy, construction and telecommunication equipment, the country's cabinet said on Wednesday. Formally known as the "One Belt, One Road" project, the new Silk Ro
Published 07 May, 2015 12:00am
China eyes export fillip in modern Silk Road

China eyes export fillip in modern Silk Road

China should make use of its plans to build a modern Silk Road to drive its exports of rail, energy, construction and telecommunication equipment, the country's cabinet said on Wednesday. Formally known as the "One Belt, One Road" project, the new Silk Ro
Published 07 May, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (May 06, 2015).

Published 07 May, 2015 12:00am
China eyes export fillip in modern Silk Road

China eyes export fillip in modern Silk Road

China should make use of its plans to build a modern Silk Road to drive its exports of rail, energy, construction and telecommunication equipment, the country''s cabinet said on Wednesday. Formally known as the "One Belt, One Road" project, the new Silk R
Published 07 May, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (May 06, 2015).

Published 07 May, 2015 12:00am
Khalilullah to replace Tasnim as FO spokesperson

Khalilullah to replace Tasnim as FO spokesperson

Qazi M. Khalilullah, an Additional Secretary, has been appointed as the spokesperson for the Ministry of Foreign Affairs, who will replace Tasnim Aslam, it was learnt. Foreign Office sources said that Qazi M. Khalilullah, who is currently looking after th
Published 07 May, 2015 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Wednesday (May 06, 2015).

Published 07 May, 2015 12:00am
Khalilullah to replace Tasnim as FO spokesperson

Khalilullah to replace Tasnim as FO spokesperson

Qazi M. Khalilullah, an Additional Secretary, has been appointed as the spokesperson for the Ministry of Foreign Affairs, who will replace Tasnim Aslam, it was learnt. Foreign Office sources said that Qazi M. Khalilullah, who is currently looking after th
Published 07 May, 2015 12:00am
Dar joins team; IMF talks begin today

Dar joins team; IMF talks begin today

Finance Minister Ishaq Dar has reached Dubai to join his team for a three-day policy-level discussions with the International Monetary Fund (IMF) under seventh quarterly review of Extended Fund Facility (EFF) from today (Thursday). It is unclear whether t
Published 07 May, 2015 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (May 06, 2015)

Published 07 May, 2015 12:00am
Dar joins team; IMF talks begin today

Dar joins team; IMF talks begin today

Finance Minister Ishaq Dar has reached Dubai to join his team for a three-day policy-level discussions with the International Monetary Fund (IMF) under seventh quarterly review of Extended Fund Facility (EFF) from today (Thursday). It is unclear whether t
Published 07 May, 2015 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (May 06, 2015).

Published 07 May, 2015 12:00am
Dar joins team; IMF talks begin today

Dar joins team; IMF talks begin today

Finance Minister Ishaq Dar has reached Dubai to join his team for a three-day policy-level discussions with the International Monetary Fund (IMF) under seventh quarterly review of Extended Fund Facility (EFF) from today (Thursday). It is unclear whether t
Published 07 May, 2015 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 07 May, 2015 12:00am
SLI made investments in violation of rules?

SLI made investments in violation of rules?

Sub-committee of Public Accounts Committee (PAC) has been informed on Wednesday that State Life Insurance has invested Rs 200 million and Rs 250 million in Chakwal Cement and Pakistan Emerging Venture projects in 2003-04 and 1995-96, respectively, in viol
Published 07 May, 2015 12:00am
Emergency department of Jinnah Hospital will be expanded

Emergency department of Jinnah Hospital will be expanded

The Accidents and Emergency Department of the Jinnah Hospital will be expanded with financial assistance from the NGO Sakeena Nazli Tribute. The estimated construction cost is up to Rs 50 million though old graduates from the Allama Iqbal Medical College
Published 07 May, 2015 12:00am
Teachings of Maulana Hali, Shibli to be promoted: PU VC

Teachings of Maulana Hali, Shibli to be promoted: PU VC

Punjab University Vice Chancellor Professor (Dr) Mujahid Kamran said that Maulana Altaf Hussain Hali and Shibli Naumani were the big names of Urdu literature and their teachings and thoughts must be promoted among the young generation. He was addressing a
Published 07 May, 2015 12:00am
FPCCI hails commissioning of solar power plant

FPCCI hails commissioning of solar power plant

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Wednesday welcomed the commissioning of the first-ever 100-megawatt solar power plant that will help save a huge foreign exchange being used to import oil. Vice President and Regional
Published 07 May, 2015 12:00am
Traders hail project

Traders hail project

Industrialists, manufacturers, spinners and traders of South Punjab have welcomed the commissioning of first-ever 100 Megawatt solar power plant that would help in saving of huge foreign exchange. Mian Iqbal Hassan, President of Multan Chamber of Commerce
Published 07 May, 2015 12:00am
Tractors on subsidised rates Punjab's decision lauded

Tractors on subsidised rates Punjab's decision lauded

The tractor industry has lauded Punjab government's decision to provide 10,000 tractors on subsidised rates to small farmers during FY 2015-16. The provincial government will give Rs 0.2 million per tractor as subsidy to small farmers having up to 12.5 ac
Published 07 May, 2015 12:00am
IRSA overrules order of AJK government

IRSA overrules order of AJK government

The Indus River System Authority has overruled an administrative order by the government of Azad Jammu and Kashmir imposing restriction on impounding the Mangla Reservoir beyond 1202 feet above the mean sea level and told the Water and Power Development A
Published 07 May, 2015 12:00am
Power receivables

Power receivables

According to a Business Recorder exclusive, power sector receivables have crossed the historic Rs 600 billion mark leading to severe liquidity issues in the sector that are, once again, disabling Pakistan State Oil (PSO) from opening letters of cre
Published 07 May, 2015 12:00am
Water can seep through the cracks

Water can seep through the cracks

Perhaps, but for perhaps, but for the certainty of RAW's involvement in fomenting terrorism in Pakistan the army top brass would not have accused India of this in so many words as it did at a Corps Commanders' meeting at the GHQ on Tuesday. Of course, of
Published 07 May, 2015 12:00am
VIEW POINT: 'Irregularities' galore

VIEW POINT: 'Irregularities' galore

Railways Minister Khawaja Saad Rafiq finds it hard to deal with the embarrassment caused by an election tribunal's decision to annul NA-125 result and order re-election. He has been using the verdict to absolve himself of any wrongdoing, saying the tribun
Published 07 May, 2015 12:00am
Methods of procurement under Sindh PPRs

Methods of procurement under Sindh PPRs

The Sindh Public Procurement Rules, 2010 govern the mechanism and procedure for the procurement of goods by the provincial departments and agencies. The basic principle for procurement is that all procurements be made in a fair and transparent manner. The
Published 07 May, 2015 12:00am
King's changes make Saudi policy less predictable

King's changes make Saudi policy less predictable

Changes in Saudi Arabia's leadership have concentrated power in an inner circle of the Al Saud dynasty, removing constraints on the monarch and making the conservative kingdom's strategic positions less predictable. The world's top oil exporter has always
Published 07 May, 2015 12:00am
French courtship of Gulf monarchies is risky: experts

French courtship of Gulf monarchies is risky: experts

Hungry for defence deals, France has cosied up to the Gulf monarchies, winning several billion-euro contracts in the process, but its strategy of backing one side in the region's Sunni-Shia power struggle is risky, say experts.
Published 07 May, 2015 12:00am
Saad Rafiq disqualified

Saad Rafiq disqualified

That an election tribunal has disqualified PML-N's railways minister Khawaja Saad Rafiq because of massive irregularities in the NA-125 constituency in 2013 general elections is a development that has lent a great deal of legitimacy to the argument of Pak
Published 07 May, 2015 12:00am
Feroze1888 Mills Limited

Feroze1888 Mills Limited

Feroze1888 Mills Limited is Pakistan's leading manufacturer and exporter of specialized yarn and terrycloth products. It began its journey in 1970, listing itself on the KSE in 1975. Today, it boasts a market capitalisation of over Rs 22.5 million - the s
Published 07 May, 2015 12:00am
Feroze1888 Mills Limited

Feroze1888 Mills Limited

Feroze1888 Mills Limited is Pakistan's leading manufacturer and exporter of specialized yarn and terrycloth products. It began its journey in 1970, listing itself on the KSE in 1975. Today, it boasts a market capitalisation of over Rs 22.5 million - the s
Published 07 May, 2015 12:00am
SLI made investments in violation of rules?

SLI made investments in violation of rules?

Sub-committee of Public Accounts Committee (PAC) has been informed on Wednesday that State Life Insurance has invested Rs 200 million and Rs 250 million in Chakwal Cement and Pakistan Emerging Venture projects in 2003-04 and 1995-96, respectively, in viol
Published 07 May, 2015 12:00am
IHC delays Shafqat's execution for two days

IHC delays Shafqat's execution for two days

The Islamabad High Court (IHC) delayed execution of Shafqat Hussain for two days. IHC Judge Athar Minallah heard Hussain's petition, during which he observed that the committee formed by the government to probe Hussain's age was illegal. He said that all
Published 07 May, 2015 12:00am
ASPL management: NAB takes notice of alleged fraud, embezzlement

ASPL management: NAB takes notice of alleged fraud, embezzlement

Qamar Zaman Chaudhry, Chairman National Accountability Bureau (NAB) has taken serious notice on a complaint regarding alleged fraud, embezzlement and cheating public at large by the Sponsors, Directors and Management of M/s ACE Securities (Private) Limite
Published 07 May, 2015 12:00am
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