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Apr 15, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-05-23
Warid Telecom marks its 10th year of service excellence

Warid Telecom marks its 10th year of service excellence

Warid Telecom, an Abu Dhabi Group owned company, marks its 10th year of service excellence in Pakistan. Within its first decade, the company has earned a name in the market indicating quality & reliability. Recognised as Pakistan's most trusted cellular s
Published 23 May, 2015 12:00am
Import of cement: Duty should be increased to 25 percent: APCMA chairman

Import of cement: Duty should be increased to 25 percent: APCMA chairman

Chairman of All Pakistan Cement Manufacturers Association (APCMA) Muhammad Ali Tabba has suggested the government that the present meagre one percent customs duty on import of cement should be enhanced to 25 percent to discourage the imports. Inaction aga
Published 23 May, 2015 12:00am
UAF signs MoU with Korean Corporation

UAF signs MoU with Korean Corporation

The University of Agriculture Faisalabad (UAF) and Korea Rural Community Corporation have signed a Memorandum of Understanding (MoU) to strengthen and develop co-operation in the field of agriculture and rural development. MoU was signed by President of K
Published 23 May, 2015 12:00am
Government taking drastic steps to enhance exports: APBUMA chairman

Government taking drastic steps to enhance exports: APBUMA chairman

Chairman of All Pakistan Bedsheet and Upholstery Manufacturers Association (APBUMA) Khawaja Jalaluddin Roomi has said that government is taking drastic steps for the development and promotion of value added sector which can play a vital role to increase t
Published 23 May, 2015 12:00am
PTEA seeks incentives to boost exports

PTEA seeks incentives to boost exports

Textile exporters have urged upon the government to announce special incentives for the sector in the next budget to boost the country's exports. Sohail Pasha, Chairman, and Rizwan Riaz Saigal, Vice-Chairman, Pakistan Textile Exporters Association (PTEA),
Published 23 May, 2015 12:00am
FCCI chief calls for construction of dams

FCCI chief calls for construction of dams

Sufficient and cheap electricity is imperative to gain 8 percent GDP growth and give a quantum jump to economic activities but the government has to build dams on top priority basis to achieve this objective, said Engr Rizwan Ashraf, President, Faisalabad
Published 23 May, 2015 12:00am
Khawaja takes oath

Khawaja takes oath

Speaker Rana Muhammad Iqbal here on Friday took oath from Khawaja Naseer (President), Qamar Jabbar (Secretary) of press gallery of Punjab assembly. On the occasion, he asked journalists to work hard so their good work would result in strengthening of the
Published 23 May, 2015 12:00am
Punjab, Sindh sizzle amid power outages

Punjab, Sindh sizzle amid power outages

As weather remained hot and dry in most parts of the country on Friday and mercury topped 49 degree Celsius in some parts of Sindh and Balochistan provinces, the people living in plains of Punjab and Sindh sizzled in the heat amid frequent electricity out
Published 23 May, 2015 12:00am
Brain-eating amoeba claims one more life

Brain-eating amoeba claims one more life

Another person died of naegleria fowleri, also called brain-eating amoeba, on Friday, raising the death toll caused by the dreadful disease to four in Sindh. Sources said that two days back a 43-year-old Sarfaraz was shifted to a private hospital of the c
Published 23 May, 2015 12:00am
LCCI urges Punjab not to ban one-dish feast

LCCI urges Punjab not to ban one-dish feast

The Lahore Chamber of Commerce and Industry (LCCI) has urged the Punjab government not to ban one-dish, arguing that the action could harm wedding halls and catering businesses. In his speech to a delegation of wedding halls, Vice President Syed Mahmood G
Published 23 May, 2015 12:00am
WWF-Pakistan celebrates International Biological Diversity Day

WWF-Pakistan celebrates International Biological Diversity Day

WWF-Pakistan celebrated International Day for Biological Diversity in Nathiagali to increase understanding and awareness of biodiversity issues. A drawing competition was organized to sensitise school students on nature conservation and sustainable consum
Published 23 May, 2015 12:00am
British delegation visits PBIT

British delegation visits PBIT

The Punjab Board of Investment and Trade have welcomed the Baroness Mobarik CBE, House of Lords from Britain at the Lahore office. Chief executive Officer and for Renoir Global (Pvt) Ltd Chairman Umer Faruqi accompanied the baroness. The visit reflected t
Published 23 May, 2015 12:00am
ICAP holds 4th Saudi-Pak accountancy symposium in Riyadh

ICAP holds 4th Saudi-Pak accountancy symposium in Riyadh

Under the patronage of His Excellency the Minister of Commerce and Industry Saudi Arabia and supported by Saudi Organisation for Certified Public Accountants (SOCPA), the Institute of Chartered Accountants of Pakistan (ICAP) KSA Chapter held their 4th Sau
Published 23 May, 2015 12:00am
Teli urges businessmen to take to the streets against GIDC

Teli urges businessmen to take to the streets against GIDC

Chairman Businessmen Group (BMG) and former president of Karachi Chamber of Commerce and Industry (KCCI), Siraj Kassam Teli, while strongly criticising the passage of Gas Infrastructure Development Cess (GIDC) Bill 2015 by the Senate, urged the business a
Published 23 May, 2015 12:00am
Man killed, FC personnel hurt in Quetta blast

Man killed, FC personnel hurt in Quetta blast

A man was killed and four others including Frontier Corps (FC) personnel were injured when a bomb exploded near a security forces vehicle here on Friday. Police said that the incident occurred near a hotel on Qambrani road area on the outskirts of the cit
Published 23 May, 2015 12:00am
German delegation visits CDC

German delegation visits CDC

A delegation of The Consulate General of Germany visited the premises of the Central Depository Company of Pakistan. The delegation was headed by Dr Tilo Klinner, Consul General and he was accompanied by Hans-Juergen Paschke, Consul & Deputy Head of Missi
Published 23 May, 2015 12:00am
German delegation visits CDC

German delegation visits CDC

A delegation of The Consulate General of Germany visited the premises of the Central Depository Company of Pakistan. The delegation was headed by Dr Tilo Klinner, Consul General and he was accompanied by Hans-Juergen Paschke, Consul & Deputy Head of Missi
Published 23 May, 2015 12:00am
Promotion cases: IHC asks government to file response

Promotion cases: IHC asks government to file response

Islamabad High Court (IHC) on Friday clubbed around 30 petitions filed against recent promotions of civil servants and sought a response from the federal government by May 28. Identical petitions were filed in the IHC by the superseded officers from Pakis
Published 23 May, 2015 12:00am
BRIndex30 sheds 37.31 points

BRIndex30 sheds 37.31 points

On Friday, BRIndex30 opened at 19,147.36 points. It touched an intraday high of 19,218.13 points and an intraday low of 19,065.34 points and closed at 19,110.05 points which was -37.31 points or -0.19 percent lower than previous close. Total volume was 36
Published 23 May, 2015 12:00am
Nawaz again convenes APC on CPEC

Nawaz again convenes APC on CPEC

Prime Minister Nawaz Sharif has convened an All Parties Conference (APC) again on May 28 to address the concerns of different political parties regarding the route of China-Pakistan Economic Corridor (CPEC). The APC will take place at 8:00 pm at Prime Min
Published 23 May, 2015 12:00am
Nawaz again convenes APC on CPEC

Nawaz again convenes APC on CPEC

Prime Minister Nawaz Sharif has convened an All Parties Conference (APC) again on May 28 to address the concerns of different political parties regarding the route of China-Pakistan Economic Corridor (CPEC). The APC will take place at 8:00 pm at Prime Min
Published 23 May, 2015 12:00am
Nawaz again convenes APC on CPEC

Nawaz again convenes APC on CPEC

Prime Minister Nawaz Sharif has convened an All Parties Conference (APC) again on May 28 to address the concerns of different political parties regarding the route of China-Pakistan Economic Corridor (CPEC). The APC will take place at 8:00 pm at Prime Min
Published 23 May, 2015 12:00am
Nawaz again convenes APC on CPEC

Nawaz again convenes APC on CPEC

Prime Minister Nawaz Sharif has convened an All Parties Conference (APC) again on May 28 to address the concerns of different political parties regarding the route of China-Pakistan Economic Corridor (CPEC). The APC will take place at 8:00 pm at Prime Min
Published 23 May, 2015 12:00am
AIIB operational by end-2015

AIIB operational by end-2015

The China-led Asian Infrastructure Investment Bank (AIIB) will be operational by the end of this year, prospective founding members said Friday after a three-day meeting in Singapore to discuss policies. The chief negotiators' meeting involving the AIIB's
Published 23 May, 2015 12:00am
AIIB operational by end-2015

AIIB operational by end-2015

The China-led Asian Infrastructure Investment Bank (AIIB) will be operational by the end of this year, prospective founding members said Friday after a three-day meeting in Singapore to discuss policies. The chief negotiators' meeting involving the AIIB's
Published 23 May, 2015 12:00am
AIIB operational by end-2015

AIIB operational by end-2015

The China-led Asian Infrastructure Investment Bank (AIIB) will be operational by the end of this year, prospective founding members said Friday after a three-day meeting in Singapore to discuss policies. The chief negotiators'' meeting involving the AIIB'
Published 23 May, 2015 12:00am
Pakistan condemns Saudi bomb attack

Pakistan condemns Saudi bomb attack

Pakistan on Friday strongly condemned the deadly terrorist attack at a mosque in al-Qadeeh, Saudi Arabia during Friday prayers, which resulted in the loss of several valuable lives and injuries to scores of people. "The people and the government of Pakist
Published 23 May, 2015 12:00am
Pakistan condemns Saudi bomb attack

Pakistan condemns Saudi bomb attack

Pakistan on Friday strongly condemned the deadly terrorist attack at a mosque in al-Qadeeh, Saudi Arabia during Friday prayers, which resulted in the loss of several valuable lives and injuries to scores of people. "The people and the government of Pakist
Published 23 May, 2015 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 23 May, 2015 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 23 May, 2015 12:00am
SBP seeks to revise tax provisions related to banks

SBP seeks to revise tax provisions related to banks

State Bank of Pakistan (SBP) has proposed to the Ministry of Finance to amend tax laws through Finance Bill 2015-16 for rationalising tax provisions related to banks including Islamic and Microfinance Banks (MFBs), waiver of withholding tax on cash withdr
Published 23 May, 2015 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 23 May, 2015 12:00am
SBP seeks to revise tax provisions related to banks

SBP seeks to revise tax provisions related to banks

State Bank of Pakistan (SBP) has proposed to the Ministry of Finance to amend tax laws through Finance Bill 2015-16 for rationalising tax provisions related to banks including Islamic and Microfinance Banks (MFBs), waiver of withholding tax on cash withdr
Published 23 May, 2015 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 23 May, 2015 12:00am
SBP seeks to revise tax provisions related to banks

SBP seeks to revise tax provisions related to banks

State Bank of Pakistan (SBP) has proposed to the Ministry of Finance to amend tax laws through Finance Bill 2015-16 for rationalising tax provisions related to banks including Islamic and Microfinance Banks (MFBs), waiver of withholding tax on cash withdr
Published 23 May, 2015 12:00am
SBP seeks to revise tax provisions related to banks

SBP seeks to revise tax provisions related to banks

State Bank of Pakistan (SBP) has proposed to the Ministry of Finance to amend tax laws through Finance Bill 2015-16 for rationalising tax provisions related to banks including Islamic and Microfinance Banks (MFBs), waiver of withholding tax on cash withdr
Published 23 May, 2015 12:00am
There is not going to be any tax on remittances: Dar
Currency

There is not going to be any tax on remittances: Dar

Finance Minister Ishaq Dar has categorically stated that there is not going to be any tax on foreign remittances. His statement or clarification came a day after chairman Federal Board of Revenue (FBR) Tariq Bajwa reportedly told the Senate Standing Commi
Published 23 May, 2015 12:00am
There is not going to be any tax on remittances: Dar
Currency

There is not going to be any tax on remittances: Dar

Finance Minister Ishaq Dar has categorically stated that there is not going to be any tax on foreign remittances. His statement or clarification came a day after chairman Federal Board of Revenue (FBR) Tariq Bajwa reportedly told the Senate Standing Commi
Published 23 May, 2015 12:00am
There is not going to be any tax on remittances: Dar
Currency

There is not going to be any tax on remittances: Dar

Finance Minister Ishaq Dar has categorically stated that there is not going to be any tax on foreign remittances. His statement or clarification came a day after chairman Federal Board of Revenue (FBR) Tariq Bajwa reportedly told the Senate Standing Commi
Published 23 May, 2015 12:00am
There is not going to be any tax on remittances: Dar
Currency

There is not going to be any tax on remittances: Dar

Finance Minister Ishaq Dar has categorically stated that there is not going to be any tax on foreign remittances. His statement or clarification came a day after chairman Federal Board of Revenue (FBR) Tariq Bajwa reportedly told the Senate Standing Commi
Published 23 May, 2015 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (May 22, 2015).

Published 23 May, 2015 12:00am
Philippine sees record current account surplus on rising remittances

Philippine sees record current account surplus on rising remittances

The Philippines' current account surplus is expected to reach a record $14.2 billion this year, the Bangko Sentral ng Pilipinas said on Friday, giving the country sufficient buffers to withstand global economic and financial shocks. BSP Deputy Governor Di
Published 23 May, 2015 12:00am
Philippine sees record current account surplus on rising remittances

Philippine sees record current account surplus on rising remittances

The Philippines' current account surplus is expected to reach a record $14.2 billion this year, the Bangko Sentral ng Pilipinas said on Friday, giving the country sufficient buffers to withstand global economic and financial shocks. BSP Deputy Governor Di
Published 23 May, 2015 12:00am
Philippine sees record current account surplus on rising remittances

Philippine sees record current account surplus on rising remittances

The Philippines'' current account surplus is expected to reach a record $14.2 billion this year, the Bangko Sentral ng Pilipinas said on Friday, giving the country sufficient buffers to withstand global economic and financial shocks. BSP Deputy Governor D
Published 23 May, 2015 12:00am
ISE index improves by 2.74 points

ISE index improves by 2.74 points

Equities moved both ways at the Islamabad Stock Exchange (ISE) on Fridaywhere investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 2.74 points as the ISE Ten Index moved from
Published 23 May, 2015 12:00am
ISE index improves by 2.74 points

ISE index improves by 2.74 points

Equities moved both ways at the Islamabad Stock Exchange (ISE) on Fridaywhere investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 2.74 points as the ISE Ten Index moved from
Published 23 May, 2015 12:00am
THE RUPEE: downward trend
Currency

THE RUPEE: downward trend

The rupee extended its overnight decline against the dollar and euro on the money market on Friday in the process of trading, dealers said. The rupee drifted lower in relation to the dollar, shedding four-paisa for buying and selling at Rs 101.97 and Rs 1
Published 23 May, 2015 12:00am
LSE index gains 4.96 points

LSE index gains 4.96 points

Bearish sentiments continued on the Lahore Stock Exchange on Friday and equities suffered declines amid selling pressure ahead of weekend. The LSE-25 index gained 4.96 points to end at 5495.59 against 5490.63 of Thursday while transaction volume increased
Published 23 May, 2015 12:00am
THE RUPEE: downward trend
Currency

THE RUPEE: downward trend

The rupee extended its overnight decline against the dollar and euro on the money market on Friday in the process of trading, dealers said. The rupee drifted lower in relation to the dollar, shedding four-paisa for buying and selling at Rs 101.97 and Rs 1
Published 23 May, 2015 12:00am
LSE index gains 4.96 points

LSE index gains 4.96 points

Bearish sentiments continued on the Lahore Stock Exchange on Friday and equities suffered declines amid selling pressure ahead of weekend. The LSE-25 index gained 4.96 points to end at 5495.59 against 5490.63 of Thursday while transaction volume increased
Published 23 May, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (May 22, 2015).

Published 23 May, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (May 22, 2015).

Published 23 May, 2015 12:00am
Nepra cuts Rs 1.74 per unit tariff for K-Electric

Nepra cuts Rs 1.74 per unit tariff for K-Electric

Nepra has approved K-Electric's request to reduce power tariff by Rs 1.74 per unit under the monthly fuel surcharge adjustment for the month of February 2015. According to KE's press statement, the power utility requested the regulatory body to reduce pow
Published 23 May, 2015 12:00am
Nepra cuts Rs 1.74 per unit tariff for K-Electric

Nepra cuts Rs 1.74 per unit tariff for K-Electric

Nepra has approved K-Electric's request to reduce power tariff by Rs 1.74 per unit under the monthly fuel surcharge adjustment for the month of February 2015. According to KE's press statement, the power utility requested the regulatory body to reduce pow
Published 23 May, 2015 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (May 22, 2015).

Published 23 May, 2015 12:00am
Nepra cuts Rs 1.74 per unit tariff for K-Electric

Nepra cuts Rs 1.74 per unit tariff for K-Electric

Nepra has approved K-Electric''s request to reduce power tariff by Rs 1.74 per unit under the monthly fuel surcharge adjustment for the month of February 2015. According to KE''s press statement, the power utility requested the regulatory body to reduce p
Published 23 May, 2015 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 23 May, 2015 12:00am
Promotion cases: IHC asks government to file response

Promotion cases: IHC asks government to file response

Islamabad High Court (IHC) on Friday clubbed around 30 petitions filed against recent promotions of civil servants and sought a response from the federal government by May 28. Identical petitions were filed in the IHC by the superseded officers from Pakis
Published 23 May, 2015 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 23 May, 2015 12:00am
Cameron launches EU reform drive, admits will not be easy
Currency

Cameron launches EU reform drive, admits will not be easy

British Prime Minister David Cameron said on Friday he was confident of winning concessions from European Union leaders before he asks voters whether Britain should stay in the bloc. After his Conservative Party won an unexpected majority in a May 7 elect
Published 23 May, 2015 12:00am
Oil down two percent ahead of long US Memorial Day weekend

Oil down two percent ahead of long US Memorial Day weekend

Oil fell about 2 percent on Friday as a rallying dollar and profit-taking ahead of a long US holiday weekend cut short a two-day run-up in crude prices. Heating oil, a proxy play for diesel, also fell almost lost 2 percent while gasoline lost more than 1
Published 23 May, 2015 12:00am
Copper falls, nickel stocks hit record high

Copper falls, nickel stocks hit record high

Copper prices fell on Friday on worries about demand in top consumer China, while nickel hit a four-week low after stocks in LME-registered warehouses climbed to a record high. Three-month copper was untraded at the close but bid at $6,161 a tonne from $6
Published 23 May, 2015 12:00am
Shanghai copper gains

Shanghai copper gains

The most-traded July copper on the Shanghai Futures Exchange gained 0.3 percent to end at 45,110 yuan ($7,278) a tonne on Friday with prices unlikely to stage a sharp recovery unless Chinese demand picks up. Shanghai nickel fell 1.4 percent to 100,070 yua
Published 23 May, 2015 12:00am
Cotton posts largest weekly loss in six months on stronger dollar
Cotton

Cotton posts largest weekly loss in six months on stronger dollar

ICE cotton futures fell for the fifth straight session, ending their worst week in more than six months as a stronger dollar continued to prompt speculator liquidation, though traders noted prices remained locked in a tight trading range. "We're back at t
Published 23 May, 2015 12:00am
Rubber rises

Rubber rises

Benchmark Tokyo rubber futures rose for a second day on Friday, following a stronger Shanghai market, but it booked a third weekly loss as investors were reluctant to step up buying after seeing a 13-month high last week, dealers said. The Tokyo Commodity
Published 23 May, 2015 12:00am
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