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Nov 22, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-07-30
Afghanistan: Sartaj assures UK team of constructive engagement

Afghanistan: Sartaj assures UK team of constructive engagement

Adviser to the Prime Minister on National Security and Foreign Affairs Sartaj Aziz has reiterated Pakistan's commitment to have constructive engagement with Afghanistan for regional peace and stability. According to Foreign Office spokesperson Qazi Khalil
Published 30 Jul, 2015 12:00am
Charsadda, Mardan AHAN launches skill enhancement project

Charsadda, Mardan AHAN launches skill enhancement project

Skill Enhancement Initiative implemented by Aik Hunar Aik Nagar (AHAN) in collaboration with the UNHCR and Commissionerate Afghan Refugees (CAR) has been re-launched in District Charsadda and Mardan for 300 female and 200 male including 25% (125) Afghan r
Published 30 Jul, 2015 12:00am
Navy rescues 372 people in Sukkur

Navy rescues 372 people in Sukkur

Pakistan Navy teams in connection with its ongoing 'Flood Relief Operation MADAD' have rescued 372 people including men, women and children from different areas of district Sukkur. During the Rescue Operation, people have been evacuated and shifted to saf
Published 30 Jul, 2015 12:00am
Systems Limited wins over Rs 150 million contracts in KPK

Systems Limited wins over Rs 150 million contracts in KPK

Systems Limited, a listed company at Karachi Stock Exchange, has won over Rs 150 million contracts for the digitisation of land records in various districts of Khyber-Pakhtunkhwa. In the PTI-dominated province land records are being digitised as per direc
Published 30 Jul, 2015 12:00am
US, Pakistan to enhance bilateral trade

US, Pakistan to enhance bilateral trade

Pakistan and United States have agreed to enhance bilateral trade, economic linkages and people-to-people contacts. The understanding came at a meeting between Special Assistant to Prime Minister (SAPM) on Foreign Affairs Syed Tariq Fatemi and senior memb
Published 30 Jul, 2015 12:00am
NA passes Islamabad Capital Territory LG Bill

NA passes Islamabad Capital Territory LG Bill

The National Assembly on Wednesday passed "The Islamabad Capital Territory Local Government Bill, 2015" paving a way for party-based local government elections in federal capital. The National Assembly had passed this bill on March 26, 2015 by rejecting a
Published 30 Jul, 2015 12:00am
UAF signs MoU with Chinese university

UAF signs MoU with Chinese university

The South China University of Technology (SCUT), China and the University of Agriculture Faisalabad (UAF) inked a Memorandum of Understanding to collaborate in the areas of academia and research to get benefit from each other experiences. According to agr
Published 30 Jul, 2015 12:00am
15 districts of KP: LG re-polls at 360 polling stations today

15 districts of KP: LG re-polls at 360 polling stations today

The stage is set for local government re-polls in more than 360 polling stations of 15 districts in Khyber Pakhtunkhwa. All arrangements have been finalised for polling that will take place today (Thursday) across the province. Polling will be started fro
Published 30 Jul, 2015 12:00am
$3.1 million child health programme to be launched in Fata

$3.1 million child health programme to be launched in Fata

The government will launch a programme for promoting child health in selected areas of Fata, with the total estimated cost $3.1 million, with the financial assistance of World Bank. According to an update project report, selection of child health services
Published 30 Jul, 2015 12:00am
Former KP CS delivers lecture to FBR officers

Former KP CS delivers lecture to FBR officers

Renowned academician, scholar and former Chief Secretary KPK, Abdullah has delivered a lecture to FBR officers on "Morality, ethics and public service delivery." The talk was held as part of a new series of motivational lectures organised on the initiativ
Published 30 Jul, 2015 12:00am
WHT on bank transactions : APAPTF says it will go on strike on August 1

WHT on bank transactions : APAPTF says it will go on strike on August 1

All Pakistan Agricultural Produce Traders' Federation (APAPTF) has rejected the federal government newly imposed withholding tax and decided to shut all their markets on August 1 (Saturday) in protest. Talking to this scribe, the Federation central Presid
Published 30 Jul, 2015 12:00am
KBP's three-day seminar from today
Cotton

KBP's three-day seminar from today

The Kisan Board Pakistan (KBP) is organising a three-day seminar on "prosperous farmer - prosperous Pakistan on Thursday (today), where strategy for a long march will also be finalised to press the government for acceptance of farmers' demands. KBP Inform
Published 30 Jul, 2015 12:00am
Talks between government, traders fizzle out

Talks between government, traders fizzle out

The talks between the government and trade leaders have not yielded positive results so far, and now further round will be held after shutter down strike (August 01), said trade bodies' leaders in a joint press conference at Chowk Clock Tower, here on Wed
Published 30 Jul, 2015 12:00am
LCCI supports protest

LCCI supports protest

The Progressive Group in the Lahore Chamber of Commerce and Industry, (LCCI) backing a strike call by traders going against the 0.3 percent withholding tax on banking transactions, has urged the government to "wisely and amicably" resolve this issue with
Published 30 Jul, 2015 12:00am
WHT on bank transactions: APAT to go on strike from Saturday
Cotton

WHT on bank transactions: APAT to go on strike from Saturday

The trade bodies from all over the country, including small traders' organisations, under the banner of All Pakistan Anjuman-e-Tajiran, announced to observe shutter-down strike on August 1, 2015, (Saturday) against imposition of 0.3 percent withholding ta
Published 30 Jul, 2015 12:00am
'SCO membership to help play more effective role in region's stability'

'SCO membership to help play more effective role in region's stability'

"Pakistan's permanent status in Shanghai Co-operation Organisation (SCO) will enable the country to diversify its foreign policy and play a more effective role in stability of the region apart from proving to be milestone in achieving the Millennium Devel
Published 30 Jul, 2015 12:00am
PPP to support traders' strike call

PPP to support traders' strike call

Pakistan Peoples Party has announced to support the traders' shutter down call on August 01, against unjustified withholding tax and vowed to take part in traders' protest across the country. The PPP alleged that PML-N has failed not only in Punjab but al
Published 30 Jul, 2015 12:00am
Anti-dengue walk held in Faisalabad

Anti-dengue walk held in Faisalabad

An anti-dengue walk was held organised by district health department to mark Anti-Dengue Day to raise the awareness among the masses against dengue. The walk was led by DCO Noorul Amin Mengal which started from Zila Council Chowk and culminated at the sam
Published 30 Jul, 2015 12:00am
Seven reviews by IMF: Feldman congratulates Dar on successful completion

Seven reviews by IMF: Feldman congratulates Dar on successful completion

Ambassador Daniel Feldman, US Special Representative for Afghanistan and Pakistan, called on Federal Minister for Finance Senator Mohammad Ishaq Dar at the Ministry of Finance on Wednesday. Feldman congratulated the Finance Minister on the successful comp
Published 30 Jul, 2015 12:00am
PIA to procure three 'Boeing 777' aircraft on dry lease

PIA to procure three 'Boeing 777' aircraft on dry lease

Pakistan International Airline (PIA) has signed an agreement with Air Cap Leasing Company (ICLC) to procure three 'Boeing 777' aircraft on dry lease. According to official sources, ICLC, which was second largest leasing company in the world and was based
Published 30 Jul, 2015 12:00am
LHCBA says it will boycott court proceedings

LHCBA says it will boycott court proceedings

The legal fraternity protesting against alleged misbehaviour of Justice Mrs Erum Sajjad Gull of Lahore High Court with President Lahore High Court Bar Association (LHCBA) on Wednesday announced to boycott her court proceedings. The LHCBA in its emergence
Published 30 Jul, 2015 12:00am
Government implementing policy of 'balanced' development: Shahbaz

Government implementing policy of 'balanced' development: Shahbaz

Punjab Chief Minister Mian Shahbaz Sharif has said that Punjab government is implementing the policy of balanced development of urban and rural areas and Khadim-e-Punjab Rural Roads programme reflects this policy. Completion of this programme will usher a
Published 30 Jul, 2015 12:00am
First Habib Modaraba announces 22 percent cash dividend

First Habib Modaraba announces 22 percent cash dividend

The directors of First Habib Modaraba (FHM) in their Board of Directors meeting held on Wednesday, announced cash dividend of 22 percent. The financial performance of the Modaraba remained satisfactory in 2014-15. Balance Sheet size has increased by 18 pe
Published 30 Jul, 2015 12:00am
First Habib Modaraba announces 22 percent cash dividend

First Habib Modaraba announces 22 percent cash dividend

The directors of First Habib Modaraba (FHM) in their Board of Directors meeting held on Wednesday, announced cash dividend of 22 percent. The financial performance of the Modaraba remained satisfactory in 2014-15. Balance Sheet size has increased by 18 pe
Published 30 Jul, 2015 12:00am
Restructuring, repositioning of LJCP considered

Restructuring, repositioning of LJCP considered

A meeting of the Law and Justice Commission of Pakistan (LJCP) was held on Wednesday under the chairmanship of Justice Nasir-ul-Mulk, Chief Justice of Pakistan/Chairman, LJCP to consider the proposal of restructuring and repositioning of the LJCP.
Published 30 Jul, 2015 12:00am
Chief minister condoles death

Chief minister condoles death

Punjab Chief Minister Muhammad Shahbaz Sharif has expressed deep sense of sorrow and grief over the death of mother of Federal Minister for Petroleum Shahid Khaqan Abbasi. In a condolence message, the Chief Minister prayed that may Allah Almighty rest the
Published 30 Jul, 2015 12:00am
Chinese investors meet Shahbaz

Chinese investors meet Shahbaz

A delegation of Chinese investors met Punjab Chief Minister Shahbaz Sharif, on Wednesday and expressed interest in the project of industrial and agricultural park in Punjab. Speaking on the occasion, Shahbaz Sharif said that the role of private sector is
Published 30 Jul, 2015 12:00am
'KP government takes steps to transfer powers to grass-root level'

'KP government takes steps to transfer powers to grass-root level'

Khyber Pakhtunkhwa, Minister for Finance, Muzaffar Syed Advocate has said that the provincial government was taking the bold step of delegation of power to the grass root level to strengthen the local government system to deliver efficiently at local leve
Published 30 Jul, 2015 12:00am
Army helicopters rescue 903 persons in Chitral

Army helicopters rescue 903 persons in Chitral

A total of 903 individuals have been rescued through helicopters and 59 tons of ration has been distributed among the people isolated due to floods in Chitral. Army medical camp and Scout hospital were established at Chitral where over 1,178 patients have
Published 30 Jul, 2015 12:00am
Pak-US ties marked by deep co-operation, trust: Fatemi

Pak-US ties marked by deep co-operation, trust: Fatemi

The current ties between Pakistan and the United States are marked by deep co-operation and the Obama administration acknowledges efforts by Prime Minister Nawaz Sharif for peace and stability in South Asia. This was stated by the Special Assistant to the
Published 30 Jul, 2015 12:00am
'Stabilisation first'?

'Stabilisation first'?

This refers to "'Stabilisation First'?" carried by Business Recorder on Wednesday. The writer has painted a grim picture of country's economy by presenting. He has argued that "the economy cannot recover on its own and if it doesn't recover soon, i
Published 30 Jul, 2015 12:00am
Stateless South Asians finally get identity under landmark deal

Stateless South Asians finally get identity under landmark deal

India and Bangladesh are set to simplify their fragmented border in a deal that gives citizenship rights to tens of thousands of people who have been effectively stateless for 68 years. Cooch Behar, West Bengal (dpa) - Born in British-ruled India, Mohamme
Published 30 Jul, 2015 12:00am
The concept of engagement in contemporary US diplomacy

The concept of engagement in contemporary US diplomacy

Modern diplomacy is conducted in a world of rapidly evolving global challenges: the spreading dangers of weapons of mass destruction; new and more malignant forms of terrorism; regional and sectarian conflicts; failed and failing states; global economic d
Published 30 Jul, 2015 12:00am
Controversial Sindh ST on rent

Controversial Sindh ST on rent

It is good to see the Sindh Revenue Board (SRB) achieving its revenue target of Rs 49 Billion from sales tax on services imposed in Sindh in the just completed financial year of 2014-15 as well as SRB earning the reputation of being the least corrupt depa
Published 30 Jul, 2015 12:00am
The flood spectre

The flood spectre

Almost the entire country is in the grip of intermittent spells of rains. Chitral was the first target of unprecedented rains and flash floods that were mainly caused by a dangerous climate or environmental change. The damage in mountainous terrains and v
Published 30 Jul, 2015 12:00am
The Weather

The Weather

The weather report on Wednesday (July 29, 2015) and the forecast for Thursday (July 30, 2015).

Published 30 Jul, 2015 12:00am
Grab the momentous opportunity

Grab the momentous opportunity

It is for the first time that any senior Pakistan Tehreek-e-Insaf (PTI) leader has unveiled the real objective behind the party's protracted protest that eventually led to the setting up of a Supreme Court judges-led commission to inquire into the vote ri
Published 30 Jul, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (July 29, 2015).

Published 30 Jul, 2015 12:00am
Coffee prices to rise but still set for decline
Currency

Coffee prices to rise but still set for decline

Arabica coffee prices should rise before the close of 2015 from current depressed values but remain below end-2014 levels, a Reuters poll of 17 traders and analysts showed on Friday. Production was forecast to rise in 2015/16 in top grower Brazil, helping
Published 30 Jul, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (July 29, 2015).

Published 30 Jul, 2015 12:00am
Shanghai copper surges

Shanghai copper surges

Shanghai Futures Exchange copper surged 2.49 percent to 39,090 yuan ($6,297) a tonne on Wednesday as short sellers rushed to cover their positions amid speculation about further stimulus from China, and ahead of a policy decision from the US Federal Reser
Published 30 Jul, 2015 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 30 Jul, 2015 12:00am
Copper rises after Chinese stocks recover
Currency

Copper rises after Chinese stocks recover

Copper rose on Wednesday after the Chinese stock market rebounded, though investors were nervous ahead of a statement from the Federal Reserve, which could set the stage for a US interest rate hike in September and a potentially firmer dollar. Copper's ri
Published 30 Jul, 2015 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 30 Jul, 2015 12:00am
Rubber rebounds

Rubber rebounds

Benchmark Tokyo rubber futures bounced back on Wednesday as investors adjusted their positions after three sessions of losses and as Shanghai futures regained ground, but caution remained over China's equities market, dealers said. The Tokyo Commodity Exc
Published 30 Jul, 2015 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (July 29, 2015).

Published 30 Jul, 2015 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (July 29, 2015)

Published 30 Jul, 2015 12:00am
Soya, wheat and corn bounce after steep losses

Soya, wheat and corn bounce after steep losses

Chicago soyabean, wheat and corn futures bounced on Tuesday, rising on bargain-buying and short-covering after setting recent lows. Nearby soyabeans fell for three straight sessions through Monday, shedding nearly 6 percent as weather improved for crop de
Published 30 Jul, 2015 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Wednesday (July 29, 2015).

Published 30 Jul, 2015 12:00am
Palm oil tumbles

Palm oil tumbles

Malaysian palm oil futures hit fresh 3-month lows on Wednesday, reversing a brief respite in a sixth-straight day of declines during morning trading, as concerns over export demand outlook for the edible oil triggered prices to fall further. By Wednesday'
Published 30 Jul, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (July 29, 2015).

Published 30 Jul, 2015 12:00am
Sugar jumps
Currency

Sugar jumps

Sugar futures on ICE rallied nearly 4 percent on Wednesday, buoyed by the stronger currency in top grower Brazil and the rising premium of whites over raws, indicating physical demand. Coffee and cocoa futures were also firm as the 19-commodity Thomson Re
Published 30 Jul, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (July 29, 2015).

Published 30 Jul, 2015 12:00am
Gold soars in New York

Gold soars in New York

Gold firmed on Tuesday but remained near 5-1/2-year lows as markets braced for this week's Federal Reserve meeting, at which policymakers are expected to give further clues on the timing of a US rate increase. Spot gold was up 0.2 percent at $1,095.28 an
Published 30 Jul, 2015 12:00am
Gold up in Asia

Gold up in Asia

Gold steadied at just below $1,100 an ounce on Wednesday, trading not far from a 5-1/2-year low, as investors awaited the outcome of the US Federal Reserve's meeting for more signs on the timing of this year's interest rate increase. After last week's rou
Published 30 Jul, 2015 12:00am
Gold steadies in Europe

Gold steadies in Europe

Gold steadied on Wednesday around a 5-1/2-year low hit last week, as investors awaited the outcome of a Federal Reserve meeting for cues on the timing of the first US rate rise in nearly a decade. Policymakers are likely to reaffirm that only consistent s
Published 30 Jul, 2015 12:00am
THE RUPEE: steadier trend
Currency

THE RUPEE: steadier trend

Firmness prevailed on the money market on Wednesday as the rupee held almost overnight levels against the dollar in the process of trading, dealers said. The rupee inched up with a rise of one-paisa against the dollar for buying and selling at Rs 101.82 a
Published 30 Jul, 2015 12:00am
US MIDDAY: soyabeans rise

US MIDDAY: soyabeans rise

US soyabeans rose for a second straight day on Wednesday, recovering some recent losses ahead of a critical development period for the oilseed, while corn and wheat resumed their slides on a favourable US harvest outlook. With soyabean yields largely dete
Published 30 Jul, 2015 12:00am
THE RUPEE: steadier trend
Currency

THE RUPEE: steadier trend

Firmness prevailed on the money market on Wednesday as the rupee held almost overnight levels against the dollar in the process of trading, dealers said. The rupee inched up with a rise of one-paisa against the dollar for buying and selling at Rs 101.82 a
Published 30 Jul, 2015 12:00am
US MIDDAY: gold inches up

US MIDDAY: gold inches up

Gold moved up a shade early on Wednesday, but remained near last week's 5-1/2-year low, after a US Federal Reserve statement raised uncertainty about the timing of a possible interest rate hike, leaving the door open for September. Following a two-day pol
Published 30 Jul, 2015 12:00am
Cotton falls on technical signals, stronger US dollar
Cotton

Cotton falls on technical signals, stronger US dollar

Benchmark cotton futures on ICE Futures US fell on Wednesday after failing to sustain moves above a key technical level despite a strong move upwards the prior session, with a stronger US dollar also providing pressure. "When we could not move above the 1
Published 30 Jul, 2015 12:00am
Oil rises from near six-month lows after big US stock drawdown
Currency

Oil rises from near six-month lows after big US stock drawdown

Oil settled higher on Wednesday, recovering from multi-month lows, after US government data showed a surprisingly large crude stockpile draw that signalled the market may have been wrong in predicting slumping demand for energy. Crude futures lost more th
Published 30 Jul, 2015 12:00am
Non-bailable arrest warrants for Altaf issued in Gilgit-Baltistan

Non-bailable arrest warrants for Altaf issued in Gilgit-Baltistan

An anti-terrorism court (ATC) in Gilgit-Baltistan (GB) has issued non-bailable arrest warrants for Muttahida Qaumi Movement (MQM) chief Altaf Hussain. The development came as a result of multiple FIRs that were registered in the province against the MQM c
Published 30 Jul, 2015 12:00am
Non-bailable arrest warrants for Altaf issued in Gilgit-Baltistan

Non-bailable arrest warrants for Altaf issued in Gilgit-Baltistan

An anti-terrorism court (ATC) in Gilgit-Baltistan (GB) has issued non-bailable arrest warrants for Muttahida Qaumi Movement (MQM) chief Altaf Hussain. The development came as a result of multiple FIRs that were registered in the province against the MQM c
Published 30 Jul, 2015 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (July 29, 2015).

Published 30 Jul, 2015 12:00am
UN says Pakistan must stop executions

UN says Pakistan must stop executions

The United Nations on Wednesday urged Pakistan to reinstate its moratorium on the death penalty, condemning a recent surge in executions. The plea came as the number of people executed in Pakistan rose to 182 since a moratorium was lifted in December last
Published 30 Jul, 2015 12:00am
UN says Pakistan must stop executions

UN says Pakistan must stop executions

The United Nations on Wednesday urged Pakistan to reinstate its moratorium on the death penalty, condemning a recent surge in executions. The plea came as the number of people executed in Pakistan rose to 182 since a moratorium was lifted in December last
Published 30 Jul, 2015 12:00am
Bangladesh upholds opposition politician's death sentence

Bangladesh upholds opposition politician's death sentence

Bangladesh's top court Wednesday upheld the death sentence on a top opposition politician for atrocities committed during the 1971 independence war, including the slaughter of around 200 Hindus. The Supreme Court dismissed Salahuddin Quader Chowdhury's ap
Published 30 Jul, 2015 12:00am
Bangladesh upholds opposition politician's death sentence

Bangladesh upholds opposition politician's death sentence

Bangladesh's top court Wednesday upheld the death sentence on a top opposition politician for atrocities committed during the 1971 independence war, including the slaughter of around 200 Hindus. The Supreme Court dismissed Salahuddin Quader Chowdhury's ap
Published 30 Jul, 2015 12:00am
BOARD MEETINGS
Cotton

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 30 Jul, 2015 12:00am
Board meetings in progress

Board meetings in progress

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

Published 30 Jul, 2015 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 30 Jul, 2015 12:00am
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