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Nov 22, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-09-23
Sri Lankan stocks spring back

Sri Lankan stocks spring back

Sri Lankan shares snapped a five-session losing streak on Tuesday and recovered from their lowest close in more than two months hit in the previous session after the government gave some clarity on the specific duties of each ministry.
Published 23 Sep, 2015 12:00am
Gulf markets consolidate; former dividend stocks weigh on Dubai

Gulf markets consolidate; former dividend stocks weigh on Dubai

Most Gulf stock markets hardly moved in thin trade on Tuesday ahead of the Eidul-Azha holiday while ex-dividend stocks dragged down Dubai and Egypt rose on foreign inflows. Saudi Arabia's bourse was already closed for Eid, and most other markets in the Mi
Published 23 Sep, 2015 12:00am
Indian stocks fall over two percent

Indian stocks fall over two percent

Indian shares fell more than 2 percent on Tuesday, tracking a steep fall in European equities and as sentiment turned cautious ahead of the expiry of monthly derivatives contracts later this week. Both the benchmark BSE index and the broader NSE index los
Published 23 Sep, 2015 12:00am
Tuesday's afternoon trade: stocks sell off amid fall in commodity prices

Tuesday's afternoon trade: stocks sell off amid fall in commodity prices

Wall Street was more than 1 percent lower on Tuesday afternoon amid a decline in commodity prices and continuing uncertainty about when the Federal Reserve will raise interest rates. The selloff was broad-based. All 30 Dow components declined. All 10 majo
Published 23 Sep, 2015 12:00am
Wall Street rebounds with financials; biotechs drop

Wall Street rebounds with financials; biotechs drop

US stocks ended higher on Monday, rebounding from losses late last week with help from Apple and financial shares, but a drop in biotech shares limited the advance. Shares of biotech companies fell after US Democratic presidential candidate Hillary Clinto
Published 23 Sep, 2015 12:00am
Eurozone bond yields drop

Eurozone bond yields drop

German Bund yields hit one-month lows on Tuesday and most other eurozone bond yields fell after European stocks fell sharply and European Central Bank policymakers hinted they might expand their stimulus programme. Spanish and Portuguese yields fell less
Published 23 Sep, 2015 12:00am
Eurozone bond yields drop

Eurozone bond yields drop

German Bund yields hit one-month lows on Tuesday and most other eurozone bond yields fell after European stocks fell sharply and European Central Bank policymakers hinted they might expand their stimulus programme. Spanish and Portuguese yields fell less
Published 23 Sep, 2015 12:00am
Hong Kong shares end slightly higher

Hong Kong shares end slightly higher

Hong Kong stocks ended modestly higher on Tuesday, buoyed by improved sentiment in global markets while investors focused on an upcoming meeting between China's President Xi Jinping and US President Barack Obama. The Hang Seng index rose 0.2 percent, to 2
Published 23 Sep, 2015 12:00am
US bond prices sag

US bond prices sag

US Treasuries prices declined on Monday after a veritable chorus of remarks by top Federal Reserve officials suggesting a possible year-end rate increase and an upcoming wave of new bond supply spurred traders to reduce holdings. On Friday, short-to-mediu
Published 23 Sep, 2015 12:00am
US bond prices sag

US bond prices sag

US Treasuries prices declined on Monday after a veritable chorus of remarks by top Federal Reserve officials suggesting a possible year-end rate increase and an upcoming wave of new bond supply spurred traders to reduce holdings. On Friday, short-to-mediu
Published 23 Sep, 2015 12:00am
China stocks extend rise, sign of market stabilisation

China stocks extend rise, sign of market stabilisation

China stocks rebounded for the second day on Tuesday, in a further sign of improving investor sentiment that may help the market gradually stabilise after the rout since mid-June. The CSI300 index of the largest listed companies in Shanghai and Shenzhen r
Published 23 Sep, 2015 12:00am
European shares end sharply lower as Volkswagen dives

European shares end sharply lower as Volkswagen dives

European bourses fell sharply on Tuesday on concerns over the global economy, with Volkswagen plunging to four-year lows and dragging down the whole auto sector as investors gauged the implications of an emissions scandal.
Published 23 Sep, 2015 12:00am
Australian shares end a shade firmer

Australian shares end a shade firmer

Australian shares found a steadier footing on Tuesday thanks to a rebound in oil and gas producers, but investors showed no conviction ahead of a closely watched survey of China's manufacturing sector.
Published 23 Sep, 2015 12:00am
SE Asian stocks fall in light volumes

SE Asian stocks fall in light volumes

Southeast Asian stock markets mostly fell in light volumes on Tuesday as energy shares tracked falls in global oil prices, while weaknesses in banking shares amid concerns about loans to an ailing steel firm sent the Thai index to a one-week closing low.
Published 23 Sep, 2015 12:00am
FTSE falters, weighed down by mining stocks

FTSE falters, weighed down by mining stocks

Britain's top share index retreated on Tuesday as weaker oil and metals prices weighed on commodity stocks, while motor insurer and repair group AA slumped after posting lower earnings. The blue chip FTSE 100 index was down 2.8 percent at 5,935.84 points
Published 23 Sep, 2015 12:00am
Islamic car financing reviving sagging sales volume

Islamic car financing reviving sagging sales volume

Carmudi has recently published a white-paper that encompasses current and future state of the flourishing car financing market in Pakistan, and how consumer attitudes towards credit have transformed in recent years, especially with the growing trend of Is
Published 23 Sep, 2015 12:00am
Syllabi of PhD, MPhil approved

Syllabi of PhD, MPhil approved

Sindh University Vice Chancellor Professor Dr Abida Taherani has accorded approval of amended syllabi of Ph D, M Phil & 4-year BS program in English at the Institute of English Language & Literature (IELL) here on Tuesday.
Published 23 Sep, 2015 12:00am
Mock exercise conducted at airport

Mock exercise conducted at airport

Pakistan Air Force, Pakistan Army and Airport Security Forces on Tuesday carried out a mock exercise to demonstrate skills and preparedness to meet any emergency like situation at the Multan International Airport. The rehearsal was conducted in the premis
Published 23 Sep, 2015 12:00am
Businesspeople asked to advocate construction of mega dams
Cotton

Businesspeople asked to advocate construction of mega dams

Business Community should play a pivotal role in creating consensus on the construction of mega dams after every 10 years to eliminate rural poverty and strengthen national economy, said Muhammad Suleman Khan, Chairman, Sind Tas Water Council.
Published 23 Sep, 2015 12:00am
Sale of animals resume after sandstorm

Sale of animals resume after sandstorm

Through untiring efforts and dedication, the maweshi mandi administration with full support of Cantonment Board Malir helped the cattle merchants resume the sales of animals and a large number of people purchased sacrificial animals from Maweshi Mandi Soh
Published 23 Sep, 2015 12:00am
Sale of animals resume after sandstorm

Sale of animals resume after sandstorm

Through untiring efforts and dedication, the maweshi mandi administration with full support of Cantonment Board Malir helped the cattle merchants resume the sales of animals and a large number of people purchased sacrificial animals from Maweshi Mandi Soh
Published 23 Sep, 2015 12:00am
New KP Ombudsman administered oath

New KP Ombudsman administered oath

PCS EG Waqar Ayub (retd) was sworn in as the new Provincial Ombudsman of Khyber Pakhtunkhwa. Khyber Pakhtunkhwa Acting Governor Asad Qaisar administered oath to the new Ombudsman. The oath taking ceremony was held at the Governor's House, Peshawar on Tues
Published 23 Sep, 2015 12:00am
Pakistan, UK discuss trade and investment

Pakistan, UK discuss trade and investment

Adviser to the Prime Minister on National Security and Foreign Affairs Sartaj Aziz received the Parliamentary under Secretary for the Foreign and Commonwealth Office of the UK, Tobias Ellwood at the Ministry on Tuesday.
Published 23 Sep, 2015 12:00am
Iftikhar Awan elected Chairman PFMA KP

Iftikhar Awan elected Chairman PFMA KP

Malik Iftikhar Ahmad Awan has been elected chairman of Pakistan Flour Mills Association (PFMA) while Haji Musarrat Shah was elected as senior vice chairman. The names of the newly elected office bearers of the associate were announced in a general body me
Published 23 Sep, 2015 12:00am
ECP code of conduct not a legal binding?

ECP code of conduct not a legal binding?

The Election Commission of Pakistan's (ECP) recently announced code of conduct for elections is not legally binding on political parties as it has got no parliamentary approval for implementation.
Published 23 Sep, 2015 12:00am
ATC sends terrorist, extortionist to jail

ATC sends terrorist, extortionist to jail

An anti-terrorism court (ATC) on Tuesday sentenced a suspect to 21 years in jail in terrorism case while an extortionist has also been sent to prison for five years. Suspect Sajid, belonging to banned outfit, was sentenced to 21 years in jail in several t
Published 23 Sep, 2015 12:00am
Call to address infrastructure problems of industrial areas

Call to address infrastructure problems of industrial areas

President, Korangi Association of Trade and Industry (KATI), Rashid Ahmed Siddiqui has said that infrastructure problems of industrial areas should be given priority in any development package. He said that if any special package being under-consideration
Published 23 Sep, 2015 12:00am
More rains predicted

More rains predicted

The Met Office Tuesday forecast more rains with thundershowers for upper parts of the country during next 24 hours It said the current weather system was likely to continue to produce more rains with isolated heavy falls in Rawalpindi, Gujranwala, Lahore
Published 23 Sep, 2015 12:00am
Prices of sacrificial animals soar in Capital

Prices of sacrificial animals soar in Capital

The prices of sacrificial animals have increased by almost 20 percent compared to last year, revealed a survey conducted by Business Recorder on Tuesday. Animal traders are demanding Rs 45,000 to Rs 50,000 for a normal size goat, Rs 20,000 to Rs 25
Published 23 Sep, 2015 12:00am
Government rejects increase in school fee

Government rejects increase in school fee

Despite strong resistance from private schools, the federal government on Tuesday through an announcement made it clear that no increase in schools tuition fee to be allowed for the current year.
Published 23 Sep, 2015 12:00am
Bank robbed in Baldia: cop gunned down in Karachi
Currency

Bank robbed in Baldia: cop gunned down in Karachi

A police commando was gunned down in Orangi Town on Tuesday. He was targeted when he was standing at the doorstep of his home. The victim policeman commando Sher Ali alias Munna, 26, son of Abdul Sattar was posted to the Razzaqabad Police Training Centre.
Published 23 Sep, 2015 12:00am
Warsak dam hydropower plant France to provide 41.5 million euros

Warsak dam hydropower plant France to provide 41.5 million euros

A Credit Facility Agreement (CFA) and Grant Financing Agreement for the rehabilitation of Warsak Dam Hydropower project has been signed between Pakistan and France on Tuesday. According to a press release issued here, Muhammad Saleem Sethi, Secretary of E
Published 23 Sep, 2015 12:00am
Warsak dam hydropower plant France to provide 41.5 million euros

Warsak dam hydropower plant France to provide 41.5 million euros

A Credit Facility Agreement (CFA) and Grant Financing Agreement for the rehabilitation of Warsak Dam Hydropower project has been signed between Pakistan and France on Tuesday. According to a press release issued here, Muhammad Saleem Sethi, Secretary of E
Published 23 Sep, 2015 12:00am
Brazilian real hits all-time low against dollar
Currency

Brazilian real hits all-time low against dollar

The Brazilian real hit an all-time low Tuesday, dipping in value to 4.03 against the dollar within minutes of the market's opening amid snowballing fears over a deepening economic crisis. The currency has depreciated 33 percent against the greenback this
Published 23 Sep, 2015 12:00am
Dollar hovers near two-week high in Asia

Dollar hovers near two-week high in Asia

The dollar hovered near its highest level in nearly two weeks on Tuesday as comments from several Federal Reserve officials revived expectations that the US central bank could still raise interest rates this year.
Published 23 Sep, 2015 12:00am
Dollar hits near two-week high in Europe
Currency

Dollar hits near two-week high in Europe

The dollar touched an almost two-week high against a basket of major currencies on Tuesday after comments from Federal Reserve officials revived expectations that US interest rates will still be hiked later this year.
Published 23 Sep, 2015 12:00am
Early trade in New York - rises against euro

Early trade in New York - rises against euro

The US dollar hit a nearly two-week high against the euro on Tuesday on continued belief that the Federal Reserve would hike rates this year while the European Central Bank could ease further. The euro hit $1.11370, its lowest against the greenback since
Published 23 Sep, 2015 12:00am
Dollar strengthens versus majors in New York
Currency

Dollar strengthens versus majors in New York

The US dollar strengthened against a basket of major currencies on Monday on the view that the Federal Reserve was still on track to hike US interest rates this year while the European Central Bank may ease monetary policy further.
Published 23 Sep, 2015 12:00am
Most Asian currencies slip
Currency

Most Asian currencies slip

Most emerging Asian currencies slid on Tuesday as comments from several Federal Reserve officials revived expectations that the US central bank could still raise interest rates this year. The comments helped keep the US dollar near a two-week high, though
Published 23 Sep, 2015 12:00am
China's yuan dips
Currency

China's yuan dips

China's yuan weakened against the dollar on Tuesday after the central bank fixed its official midpoint weaker. The People's Bank of China set the midpoint rate at 6.3721 per dollar prior to market open, 0.07 percent weaker than the previous fix 6.3676.
Published 23 Sep, 2015 12:00am
Sterling falls against euro

Sterling falls against euro

Sterling fell on Tuesday, retreating from a one-month high against the euro, hurt by soft economic data and a wave of risk aversion that swept global markets and which saw traditional safe-haven currencies and assets gain. Data released on Tuesday showed
Published 23 Sep, 2015 12:00am
Aussie, kiwi hold gains versus euro
Currency

Aussie, kiwi hold gains versus euro

The Australian and New Zealand dollars were subdued against their US counterpart on Tuesday but held gains versus the euro on expectations of further easing from the European Central Bank (ECB). The Australian dollar stood at $0.7140, having dropped nearl
Published 23 Sep, 2015 12:00am
Chinese president woos big business as US visit begins

Chinese president woos big business as US visit begins

Chinese President Xi Jinping begins his US state visit in the West Coast hub of Seattle Tuesday aiming to woo American businesses and take the edge off the White House's wariness of the Asian giant. Xi will set the tone of his visit in meetings and a keyn
Published 23 Sep, 2015 12:00am
Two ETA political leaders arrested

Two ETA political leaders arrested

Two political leaders of the Basque separatist group ETA were arrested in France on Tuesday in what Spain's interior minister hailed as the group's "decapitation". David Pla, 40, and a woman, Iratxe Sorzabal, 43, were seized in the Pyrenees village of Sai
Published 23 Sep, 2015 12:00am
Moscow sends new arms as signs grow of shift in Syria war

Moscow sends new arms as signs grow of shift in Syria war

Syria said Tuesday it had received sophisticated new arms from Russia, including warplanes, and deployed them against jihadists, as signs grew of a major shift in the country's four-year conflict. A senior military official told AFP Damascus had received
Published 23 Sep, 2015 12:00am
Tanzania newspaper returns after three-year ban

Tanzania newspaper returns after three-year ban

A Tanzanian newspaper closed by the government published its first edition for three years Tuesday after a court lifted the ban. The Swahili-language independent weekly newspaper Mwanahalisi was ordered to close in July 2012, but the ban was overturned af
Published 23 Sep, 2015 12:00am
Nato chief stops short of backing Ukraine membership

Nato chief stops short of backing Ukraine membership

The head of Nato said Tuesday that "Ukraine can rely on" the Western military alliance but stopped short of infuriating Russia by backing the ex-Soviet republic's membership in the Cold War-era bloc.
Published 23 Sep, 2015 12:00am
Divestment from fossil fuels hits $2.6 trillion

Divestment from fossil fuels hits $2.6 trillion

A campaign to abandon fossil fuels to boost the fight against climate change has rapidly picked up steam, with institutions worth $2.6 trillion pledging to divest, a study said Tuesday. The announcement, months before a high-stakes United Nations climate
Published 23 Sep, 2015 12:00am
Two Kurdish ministers quit Turkey government

Two Kurdish ministers quit Turkey government

Two Kurdish ministers accused Turkey's government of promoting a "logic of war" as they quit the cabinet on Tuesday, two months after the resumption of fighting between the army and Kurdish rebels. EU Affairs Minister Ali Haydar Konca and Development Mini
Published 23 Sep, 2015 12:00am
Congo virus awareness walk held in Swat

Congo virus awareness walk held in Swat

District administration Swat organised a walk to create awareness against Congo virus in district. Deputy Commissioner (DC), Mahmood Aslam Wazir led the walk started from Gulkada and culminated at Makan Bagh Square.
Published 23 Sep, 2015 12:00am
Kalam receives first snowfall

Kalam receives first snowfall

Hill tops of the valley Kalam, district Swat received first snowfall of upcoming winter while plain areas of the district received lashed with light rain on Tuesday. The light rain has turned weather pleasant as cold breeze
Published 23 Sep, 2015 12:00am
LSE decides to de-list Medi Glass Ltd

LSE decides to de-list Medi Glass Ltd

The Lahore Stock Exchange (LSE) Limited, after due consideration of facts and circumstances and in exercise of the powers vested in it under Section 19(4) of the Securities Act, 2015 and Listing Regulations of the Exchange, has decided to delist Medi Glas
Published 23 Sep, 2015 12:00am
LSE decides to de-list Medi Glass Ltd

LSE decides to de-list Medi Glass Ltd

The Lahore Stock Exchange (LSE) Limited, after due consideration of facts and circumstances and in exercise of the powers vested in it under Section 19(4) of the Securities Act, 2015 and Listing Regulations of the Exchange, has decided to delist Medi Glas
Published 23 Sep, 2015 12:00am
Delegation of Chinese company meets Shahbaz

Delegation of Chinese company meets Shahbaz

A delegation led by Guo Yu, Chairman of renowned Chinese Company constructing gas power plants called on Punjab Chief Minister Muhammad Shehbaz Sharif here Tuesday. Talking to the delegation, the Chief Minister said that work is continuing speedily on ene
Published 23 Sep, 2015 12:00am
PTEA chief terms refund claims, energy shortages major challenges

PTEA chief terms refund claims, energy shortages major challenges

Stuck up amounts of exporters in refund regimes, energy shortage and lack of competitive edge in international market are major challenges hindering export growth and without tackling these core issues, textile industry could not get the momentum.
Published 23 Sep, 2015 12:00am
Light engineering: demand-driven courses to be offered

Light engineering: demand-driven courses to be offered

The Technical and Vocational Training Authority and Super Asia will offer demand-driven courses on the light engineering industry for Gujranwala and across the province. A memorandum of understanding has been signed between Chairperson Irfan Qaiser Sheikh
Published 23 Sep, 2015 12:00am
16 held for power pilferage

16 held for power pilferage

Peshawar Electric Supply Company (PESCO) checking team on Tuesday arrested 16 persons on use of direct hooks for illegal electricity consumption in Rehman Baba sub division jurisdiction.
Published 23 Sep, 2015 12:00am
Eid holidays: contingency plan evolved for healthcare services

Eid holidays: contingency plan evolved for healthcare services

The Punjab Health Department has evolved a contingency plan to provide round-the-clock quick healthcare during the Eid holidays. Directions have been issued to principals of all autonomous medical colleges in the Punjab, medical superintendents of all tea
Published 23 Sep, 2015 12:00am
Chief minister visits NICVD to inquire health of Dr Asim Hussain

Chief minister visits NICVD to inquire health of Dr Asim Hussain

Sindh Chief Minister Syed Qaim Ali visited Chairman provincial Higher Education Commission, Sindh Dr Asim Hussain Tuesday at NICVD and inquired his health. The CM Sindh directed the Director NICVD, Dr Nadeem Qamar to provide good health facilities to Dr A
Published 23 Sep, 2015 12:00am
SSGC disconnects supply to another 2,000 households

SSGC disconnects supply to another 2,000 households

SSGC's Customer Services Department, during its continued operations against illegal usage of gas, conducted different raids in Altaf Nagar (Korangi), Shah Lateef Town (National Highway) and Chandio Village near Dehli Colony in Karachi and disconnected ar
Published 23 Sep, 2015 12:00am
Textile relief package delayed

Textile relief package delayed

The textile industry's relief package is delayed until Eid and a formal announcement is expected on the same day, said industry sources. The sources told Business Recorder that a delay had occurred because of the departure of the prime minister as
Published 23 Sep, 2015 12:00am
Zardari concerned over Dr Asim's condition

Zardari concerned over Dr Asim's condition

Former President Asif Ali Zardari has expressed grave concern over the deteriorating health of former federal minister Dr Asim Hussain and called for providing him best medical care. Zardari also prayed for early recovery of Dr Asim Hussain.
Published 23 Sep, 2015 12:00am
Action against quacks, unregistered medical stores ordered

Action against quacks, unregistered medical stores ordered

District Nazim, Peshawar, Mohammad Asim Khan has directed Deputy Commissioner (DC) Peshawar, District Health Officer (DHO) and Director Health Regulatory Authority (HRA) for taking stern action against quacks and unregistered medical stores in the distric
Published 23 Sep, 2015 12:00am
Prime Minister's engagements

Prime Minister's engagements

Prime Minister Muhammad Nawaz Sharif has departed for USA to attend the 70th Session of UNGA. Prime Minister will attend the following engagements:
Published 23 Sep, 2015 12:00am
Peace rally held: action plan to ensure religious tolerance demanded

Peace rally held: action plan to ensure religious tolerance demanded

The government must constitute a Task Force to devise a strategy and action plan to ensure religious tolerance in the country, and introduce fresh legislation to put complete ban on sectarianism by ensuring strict action against elements labelling others
Published 23 Sep, 2015 12:00am
Blood Disease & Bone Marrow Transplant Institute project reviewed

Blood Disease & Bone Marrow Transplant Institute project reviewed

Punjab Chief Minister Muhammad Shahbaz Sharif presided over a high level meeting, here Tuesday, which reviewed the proposed project of setting up of Blood Diseases & Bone Marrow Transplant Institute, Lahore. Professor Tahir Shamsi of National Institute fo
Published 23 Sep, 2015 12:00am
The Weather

The Weather

The weather report on Tuesday (September 22, 2015) and the forecast for Wednesday (September 23, 2015).

Published 23 Sep, 2015 12:00am
'Children literature festival' from October 1

'Children literature festival' from October 1

A large number of eminent writers, actors and performers are ready to be the part of capital's much awaited Children Literature Festival on October 1-3 this year.
Published 23 Sep, 2015 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 23 Sep, 2015 12:00am
Dengue control activities to continue during Eid holidays

Dengue control activities to continue during Eid holidays

Advisor to Chief Minister Punjab on Health Khawaja Salman Rafique has directed all concerned government departments and agencies to continue their dengue control activities during the Eid holidays and special attention should be focused on outdoor and ind
Published 23 Sep, 2015 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 23 Sep, 2015 12:00am
LSE's Eid holidays

LSE's Eid holidays

Trading and offices of Lahore Stock Exchange (LSE) will remain closed on Thursday and Friday (September 24 and 25) on account of Eid-Ul-Azha holidays. The LSE will observe its market and office timings as per normal schedule from Monday (September 28), a
Published 23 Sep, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (September 22, 2015).

Published 23 Sep, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (September 22, 2015).

Published 23 Sep, 2015 12:00am
UK trade delegation due in February

UK trade delegation due in February

British Minister for Trade will lead a delegation of top British companies to Pakistan in February to seek investment opportunities in energy, infrastructure and other emerging sectors. This was stated by British Under-Secretary of State for Foreign and C
Published 23 Sep, 2015 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 23 Sep, 2015 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 23 Sep, 2015 12:00am
Cotton Spot Rates

Cotton Spot Rates

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

Published 23 Sep, 2015 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (September 22, 2015)

Published 23 Sep, 2015 12:00am
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