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Apr 27, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-09-29
Sri Lankan rupee hits new record low
Currency

Sri Lankan rupee hits new record low

The Sri Lankan rupee closed at a fresh record low on Monday as dollar selling by exporters helped the currency recover from a record intra-day low, offsetting demand for the greenback by importers, dealers said. Earlier, the spot currency fell 0.3 percent
Published 29 Sep, 2015 12:00am
Russian rouble edges up
Currency

Russian rouble edges up

The Russian rouble edged higher Monday morning, shrugging off a weaker oil price as markets expected President Vladimir Putin's visit to the United States to improve relations with the West. At 0730 GMT, the rouble was 0.1 percent stronger against the dol
Published 29 Sep, 2015 12:00am
Foreign investors shy to invest in Punjab, claims Elahi

Foreign investors shy to invest in Punjab, claims Elahi

Prominent businessman of Gulf region Munir Rewan called on Pakistan Muslim League-Q (PML-Q) President and former Prime Minister Chaudhry Shujaat Hussain and senior central leader and former Deputy Prime Minister Chaudhry Parvez Elahi at their residence he
Published 29 Sep, 2015 12:00am
CoAS arrives in Germany

CoAS arrives in Germany

Chief of Army Staff (CoAS) General Raheel Sharif arrived Munich, Germany on official visit. According to ISPR here on Monday, the CoAS will attend and address participants of Central and South Asia Security Conference.
Published 29 Sep, 2015 12:00am
THE RUPEE: modest fall
Currency

THE RUPEE: modest fall

A downward trend prevailed on the money market on Monday as the rupee tended lower versus the dollar in the process of trading, dealers said. The rupee drifted lower in terms of the dollar, shedding 11-paisa for buying and selling at Rs 104.49 and Rs 104.
Published 29 Sep, 2015 12:00am
CoAS arrives in Germany

CoAS arrives in Germany

Chief of Army Staff (CoAS) General Raheel Sharif arrived Munich, Germany on official visit. According to ISPR here on Monday, the CoAS will attend and address participants of Central and South Asia Security Conference.
Published 29 Sep, 2015 12:00am
Polish army inspects alleged site of Nazi gold train

Polish army inspects alleged site of Nazi gold train

Poland's army said Monday it has begun inspecting the south-western area where two men claim to have discovered an armoured Nazi gold train buried at the end of World War II. The treasure hunters - a German and a Pole - left the world spellbound last mont
Published 29 Sep, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (September 28, 2015).

Published 29 Sep, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (September 28, 2015).

Published 29 Sep, 2015 12:00am
Kuwait says no plan for oil summit to boost prices

Kuwait says no plan for oil summit to boost prices

The Opec oil cartel has no plan to participate in an oil producers' summit proposed by Venezuela to support prices, Kuwait's oil minister said Monday. The next meeting on Opec's calendar is a twice-yearly ministerial gathering in December, Ali al-Omair to
Published 29 Sep, 2015 12:00am
India launches first space observatory

India launches first space observatory

India successfully launched Monday its first high-tech telescopes into space to study the stars, as New Delhi seeks to take another major step in its ambitious and low-cost space programme. A rocket carrying the 150-tonne mini space observatory called Ast
Published 29 Sep, 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 Monday (September 28, 2015).

Published 29 Sep, 2015 12:00am
India launches first space observatory

India launches first space observatory

India successfully launched Monday its first high-tech telescopes into space to study the stars, as New Delhi seeks to take another major step in its ambitious and low-cost space programme. A rocket carrying the 150-tonne mini space observatory called Ast
Published 29 Sep, 2015 12:00am
Grain market rates
Cotton

Grain market rates

Karachi grain market rates in rupees on Monday (September 28, 2015).

Published 29 Sep, 2015 12:00am
Pope flies home after rapturous welcome in Cuba, US

Pope flies home after rapturous welcome in Cuba, US

Pope Francis was headed home Monday after enjoying a rapturous reception in Cuba and the United States for his message of reconciliation, humility and care for those in need. But he rejected the notion of being a "star", telling reporters aboard the papal
Published 29 Sep, 2015 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (September 28, 2015).

Published 29 Sep, 2015 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (September 28, 2015)

Published 29 Sep, 2015 12:00am
Turkey won't host 'inhumane' migrant processing centre: Prime Minister

Turkey won't host 'inhumane' migrant processing centre: Prime Minister

Turkey's Prime Minister Ahmet Davutoglu on Monday ruled out creating a processing centre for the thousands of mostly Syrian migrants trying to enter Europe from Turkish territory, calling instead for them to be hosted in "safe zones" inside Syria. Respond
Published 29 Sep, 2015 12:00am
Bad timing leads to costly borrowing
Currency

Bad timing leads to costly borrowing

Pakistan has reportedly raised $500 million from the international market at 8.25 percent coupon rate. One of the questions that needs to be answered with clarity is what was the compulsion to borrow at such high cost? Was it meant to prop up the forex re
Published 29 Sep, 2015 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (September 28, 2015).

Published 29 Sep, 2015 12:00am
Deadly stampede in Mina

Deadly stampede in Mina

As to what triggered the catastrophic stampede at Mina there are varied versions. But what is common in all is that it was a massive tragedy which took lives of some 800 pilgrims including men, women and children and rendered over a thousand injured. The
Published 29 Sep, 2015 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 29 Sep, 2015 12:00am
The writing on the wall

The writing on the wall

As more cases of mega corruption surface -a daily affair now- the PML-N regime feels more uncertain about its continuation in power but, instead of showing signs of support for tougher accountability of the corrupt within the ranks of the politicians and
Published 29 Sep, 2015 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 29 Sep, 2015 12:00am
Energising Pakistani universities Can young and elderly blend together?

Energising Pakistani universities Can young and elderly blend together?

There is a paradigmatic shift in role and functions of universities that calls for 'disruptive' innovative approaches in academic philosophy and methodologies in teaching, research and learning. Heretofore, universities were considered as purveyors of kno
Published 29 Sep, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (September 28, 2015).

Published 29 Sep, 2015 12:00am
Catalan vote sparks political battles in Spain

Catalan vote sparks political battles in Spain

Catalan separatists and their rivals sketched their battle plans Monday after the independence movement claimed victory in a divisive vote, plunging Spain into political uncertainty ahead of national elections. Groups that want to break Spain's richest re
Published 29 Sep, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (September 28, 2015).

Published 29 Sep, 2015 12:00am
Highly controversial step by SRB

Highly controversial step by SRB

Federal Legislative List at serial No 47, 48, 49 and 50 of the Constitution of Pakistan, 1973 reads as under:
Published 29 Sep, 2015 12:00am
The Weather

The Weather

The weather report on Monday (September 28, 2015) and the forecast for Tuesday (September 29, 2015).

Published 29 Sep, 2015 12:00am
Meetings with world leaders remained positive: Prime Minister

Meetings with world leaders remained positive: Prime Minister

Terming his meetings with the heads of government and state on the fringes of 70th Session of the UN General Assembly positive and productive, Prime Minister Muhammad Nawaz Sharif Sunday said these provided an opportunity to talk on all issues, including
Published 29 Sep, 2015 12:00am
Missing boy: SHC seeks comments from Rangers, police

Missing boy: SHC seeks comments from Rangers, police

The Sindh High Court (SHC) on Monday issued notices to Director General Rangers Sindh and Inspector General Sindh, to submit their comment on a petition seeking whereabouts of a 17-years-old boy who had gone missing since August 23, 2015. An SHC bench hea
Published 29 Sep, 2015 12:00am
Janjua calls on chief minister Balochistan

Janjua calls on chief minister Balochistan

Commander Southern Command, Lieutenant General Muhammad Nasser Khan Janjua called on Chief Minister Balochistan, Dr Abdul Malik Blaoch at Chief Minister Secretariat. According to a handout issued, here on Monday, Commander Southern Command visited Chief M
Published 29 Sep, 2015 12:00am
Karachi Greater S-III: Sindh CS for implementation of sewerage project

Karachi Greater S-III: Sindh CS for implementation of sewerage project

Chief Secretary of Sindh, Muhammad Siddiq Memon has directed the officials associated with Planning and Development department to evolve a line of action for urgent and quality implementation of Karachi Greater S-III (sewerage) Project. Chairing a meeting
Published 29 Sep, 2015 12:00am
Poor performance: Consumers seek restructuring of Nepra

Poor performance: Consumers seek restructuring of Nepra

Expressing dissatisfaction over the performance of National Electric Power Regulatory Authority (Nepra), power consumers have demanded restructuring of the regulatory body and action against its corrupt officials. Business Recorder learnt that Nepr
Published 29 Sep, 2015 12:00am
Services trade balance stands negative in August

Services trade balance stands negative in August

The country's services trade balance stood negative in August 2015 compared to a surplus account in July 2015, mainly due to slow exports. The country's services trade posted a $72 million surplus in the first month of this fiscal year supported by timely
Published 29 Sep, 2015 12:00am
Sartaj holds talks with Chinese foreign minister at UN

Sartaj holds talks with Chinese foreign minister at UN

Adviser to the Prime Minister on National Security and Foreign Affairs, Sartaj Aziz, conferred with Chinese Foreign Minister Wang Yi, in New York Sunday on the sidelines of the UN General Assembly. The two leaders expressed satisfaction at the state of th
Published 29 Sep, 2015 12:00am
EOBI scam: government seeks time to prepare arguments

EOBI scam: government seeks time to prepare arguments

The standing counsel of the federal government on Monday sought time to prepare arguments in the bail plea filed by Zafar Iqbal Gondal, the main accused in Employees Old Age Benefit Institution (EOBI). Justice Shaukat Aziz Siddiqui of the IHC last month r
Published 29 Sep, 2015 12:00am
Treason case: IHC takes up petition today

Treason case: IHC takes up petition today

The Islamabad High Court (IHC) is going to take up a petition on Tuesday (today) against November 21, 2014 verdict of the special court directing the federal government to include former Prime Minister Shaukat Aziz, former Chief Justice Abdul Hameed Dogar
Published 29 Sep, 2015 12:00am
Postings

Postings

District and Sessions Judge Uzma Akhtar Chaughtai has been appointed as Senior Special Judge of Anti-Corruption Court in Lahore. According to Lahore High Court notification issued on Monday the chief justice also appointed District and Sessions Judge Syed
Published 29 Sep, 2015 12:00am
Pilgrim saved wheelchair-bound wife from Hajj stampede

Pilgrim saved wheelchair-bound wife from Hajj stampede

A teacher has described how he saved his wife from a deadly stampede in Saudi Arabia by pulling her from her wheelchair as fellow Hajj pilgrims were trampled to death around them. At least 769 people died in a crush of pilgrims near Makkah on Thursday whe
Published 29 Sep, 2015 12:00am
Dar to take part in IMF/World Bank meetings in Peru

Dar to take part in IMF/World Bank meetings in Peru

Dar would leave the country for Peru to participate in the 2015 Annual Meetings of the IMF/World Bank scheduled for 9-11 October, a senior official told Business Recorder. Finance Ministers and Central Bank Governors from 188 member countries are e
Published 29 Sep, 2015 12:00am
FMU refers 636 suspicious transactions to FIA, NAB

FMU refers 636 suspicious transactions to FIA, NAB

The Financial Monitoring Unit (FMU) has referred 636 suspicious financial transactions to Federal Investigation Agency (FIA) and National Accountability Bureau (NAB) during last eight years which took action and registered cases. During the period, the FM
Published 29 Sep, 2015 12:00am
Fashion designer visits AHAN office

Fashion designer visits AHAN office

Rizwan Baig, one of the top designers of Pakistan fashion industry, visited the office of AHAN (Air Hunar Aik Nagar) to share his knowledge and experience with the trainees and to see the work of artisans at grass root level. He held discussion with the d
Published 29 Sep, 2015 12:00am
DUHS seeks funding for more cochlear implant surgeries

DUHS seeks funding for more cochlear implant surgeries

Dow University of Health Sciences seeks funds to do more Cochlear Implant surgeries. A DUHS release here Monday said Pakistan is a developing country having prevalence of certain indigenous health issues since its inception. Hearing impairment is one of t
Published 29 Sep, 2015 12:00am
Defence body passes: NUMS bill; PPP Senator expresses reservations

Defence body passes: NUMS bill; PPP Senator expresses reservations

The Senate Defence Committee on Monday passed the military-run National University of Medical Sciences (NUMS) Bill empowering the medical university to set standards in medical education. Objecting to the Bill in its present form, Member Committee Farhatu
Published 29 Sep, 2015 12:00am
By-elections: ECP decides to deploy Rangers, Army

By-elections: ECP decides to deploy Rangers, Army

The Election Commission of Pakistan (ECP) has decided to deploy Punjab Rangers and Pakistan Army for by-elections in the constituencies of NA-122 Lahore, NA-144 Okara, NA-154 Lodhran, PP-147 Lahore and PP-16 Attock. The by-polls in NA-122, NA-144, NA-154
Published 29 Sep, 2015 12:00am
BoK to open new branches in Torkham, other areas: MD

BoK to open new branches in Torkham, other areas: MD

The Bank of Khyber, Managing Director, Shamsul Qayyum has said the bank will open its new branch at Torkham along with other 14 various areas in the current financial year. This, he disclosed during a meeting, held at Khyber Pakhtunkhwa Chamber of Commerc
Published 29 Sep, 2015 12:00am
PIA's post-Hajj operation begins

PIA's post-Hajj operation begins

PIA post Hajj operation started to bring back more than 55,800 Hujjaj from Saudi Arabia to Pakistan commenced on Monday at Allama Iqbal International Airport Lahore. The first Hajj flight for Lahore PK 6304 arrived early Monday morning, another hajj fligh
Published 29 Sep, 2015 12:00am
Punjab Police's website to be upgraded

Punjab Police's website to be upgraded

In order to provide information to the people regarding unclaimed dead bodies, missing persons and details of recovered stolen vehicles, the decision to upgrade the Punjab police's website has been finalised here on Monday in a meeting held under the chai
Published 29 Sep, 2015 12:00am
'Ministers responsible for loadshedding, over-billing'

'Ministers responsible for loadshedding, over-billing'

Pakistan Tehreek-e-Insaf (PTI) Punjab Organiser Chaudhry Muhammad Sarwar demanded on Monday the removal of both Federal Minister and Minister of State for Water and Power after the National Electric Power Regulatory Authority (NEPRA) held them responsible
Published 29 Sep, 2015 12:00am
Solid steps being taken for strengthening of nursing sector: advisor

Solid steps being taken for strengthening of nursing sector: advisor

The health advisor to the chief minister has claimed that his government is taking solid steps to strengthen and develop the nursing sector and that the ratio of nurses and beds in public hospitals will be improved and over 1,000 new vacancies of nurses w
Published 29 Sep, 2015 12:00am
PRCP to observe October as 'breast cancer awareness month'

PRCP to observe October as 'breast cancer awareness month'

Pink Ribbon Campaign Pakistan (PRCP) is finalising arrangements to observe October as breast cancer awareness month to raise awareness about the disease for early detection. Rana Nasir Ghafoor, Communication Co-ordinator, Pink Ribbon Campaign Pakistan sai
Published 29 Sep, 2015 12:00am
Punjab to set up 'Bahawalpur University of Veterinary'

Punjab to set up 'Bahawalpur University of Veterinary'

Chief Minister's Special Assistant on Livestock Muhammad Arshad Jutt has disclosed that the government is setting up a University of Veterinary and Animal Sciences in Bahawalpur at Rs 2.5 billion, aimed at imparting veterinary and animal sciences educatio
Published 29 Sep, 2015 12:00am
France announces 4 billion-euro boost in aid

France announces 4 billion-euro boost in aid

France said Sunday that it would ramp up foreign assistance, pumping in an extra four billion euros ($4.5 billion) per year starting in 2020. President Francois Hollande, announcing the aid boost at a United Nations summit on development, said the move wo
Published 29 Sep, 2015 12:00am
Copper, aluminium sink to one-month lows

Copper, aluminium sink to one-month lows

Copper and aluminium slid to one month lows on Monday while zinc hit its weakest level in more than five years on worries about upcoming data that may show weak industrial activity in top metals consumer China. Data on Thursday is likely to show that Chin
Published 29 Sep, 2015 12:00am
Shanghai copper slips

Shanghai copper slips

Shanghai Futures Exchange copper slid by 1.5 percent to 38,310 yuan ($6,016.02) a tonne. Shfe zinc and tin also slipped by nearly 2 percent on Monday. The ShFE will close for a week for China's mid-autumn festival. The absence of the world's biggest metal
Published 29 Sep, 2015 12:00am
Iraq's southern oil exports to see modest rise in 2016

Iraq's southern oil exports to see modest rise in 2016

Iraq's southern oil exports will rise modestly to around 3.25 million barrels per day (bpd) in 2016, the head of state-owned South Oil Company (SOC) has said, as the country struggles to boost production in the face of slumping crude prices. Shipments at
Published 29 Sep, 2015 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 29 Sep, 2015 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 29 Sep, 2015 12:00am
'Super blood moon' shines bright in North America

'Super blood moon' shines bright in North America

Skygazers were treated to a rare astronomical event Sunday when a swollen "supermoon" and lunar eclipse combined for the first time in decades, showing the planet bathed in blood-red light. The celestial show, visible from the Americas, Europe, Africa, we
Published 29 Sep, 2015 12:00am
13 killed in DR Congo attack on cash convoy

13 killed in DR Congo attack on cash convoy

Thirteen people have been killed in the restive east of the Democratic Republic of Congo in an attack on a convoy transporting some $40,000 (36,000 euros) in salaries for civil servants, Finance Minister Modeste Bahati said. The attack occurred on Sunday
Published 29 Sep, 2015 12:00am
Russian ambassador backtracks on Poland's 'co-responsibility' for WWII

Russian ambassador backtracks on Poland's 'co-responsibility' for WWII

Russia's ambassador to Poland on Monday backtracked on controversial weekend comments suggesting Warsaw was partly to blame for World War II that sparked outcry. "I regret having been imprecise ... which led to erroneous interpretations regarding co-respo
Published 29 Sep, 2015 12:00am
Taliban overrun major Afghan city

Taliban overrun major Afghan city

The Taliban Monday largely seized a major Afghan city, storming government compounds and sending panicked residents fleeing, as the Islamists for the first time breached a provincial capital since being ousted from power in 2001. Fierce fighting raged in
Published 29 Sep, 2015 12:00am
Nepal rations fuel as protesters blockade Indian border

Nepal rations fuel as protesters blockade Indian border

Nepal began rationing fuel on Monday as hundreds of protesters blockaded a key import hub on the Indian border to demand changes to a new constitution they say is unfair. The move follows a weekend decision to limit the number of vehicles on Nepal's roads
Published 29 Sep, 2015 12:00am
Rouhani at UN slams Saudi 'incompetence' over Hajj stampede

Rouhani at UN slams Saudi 'incompetence' over Hajj stampede

Iranian President Hassan Rouhani on Monday accused Saudi Arabia of incompetence over the deadly Hajj stampede and demanded an investigation of the disaster, in his address to the UN General Assembly. A total of 769 pilgrims including 226 Iranians were kil
Published 29 Sep, 2015 12:00am
Airbus Defence and Space in IT security venture with Atos

Airbus Defence and Space in IT security venture with Atos

The defence unit of European aircraft giant Airbus announced Monday it had struck a strategic partnership with French IT service company Atos to develop security systems against computer attacks. Airbus Defence and Space said in a statement its link-up wi
Published 29 Sep, 2015 12:00am
Turkey ready to work with all, including Russia, on Syria: PM

Turkey ready to work with all, including Russia, on Syria: PM

Turkey is willing to work with all countries, including Russia, to find a political solution in Syria without President Bashar al-Assad and defeat the Islamic State extremist group, its prime minister said Monday. Ahmet Davutoglu made the remarks shortly
Published 29 Sep, 2015 12:00am
China leader throws support behind UN peacekeeping

China leader throws support behind UN peacekeeping

Chinese President Xi Jinping promised support Monday for a permanent UN police squad and African peacekeeping as he vowed a peaceful rise for the Asian power. Paying his first-ever visit to the United Nations, Xi took a new step to address criticism that
Published 29 Sep, 2015 12:00am
300 million elderly not receiving long-term care: ILO

300 million elderly not receiving long-term care: ILO

More than half the world's elderly lack access to long-term care, the International Labour Organisation said in a report Monday, condemning the "deplorable" situation facing a rapidly ageing population. A new report from the UN agency showed that some 300
Published 29 Sep, 2015 12:00am
Chinese president to visit UK on October 20-23

Chinese president to visit UK on October 20-23

Chinese President Xi Jinping will travel to Britain for a state visit between October 20 and 23, Buckingham Palace said in a statement on Monday. Xi will be accompanied by his wife Peng Liyuan and the couple will stay in Queen Elizabeth II's residence. Pr
Published 29 Sep, 2015 12:00am
German court convicts Rwandan rebel leaders in landmark trial

German court convicts Rwandan rebel leaders in landmark trial

A German court Monday sentenced two Rwandan rebel leaders to long jail terms for masterminding massacres in eastern Democratic Republic of Congo from their homes in Germany, capping a trial hailed by the UN as a breakthrough. Ignace Murwanashyaka, head of
Published 29 Sep, 2015 12:00am
Maldives president escapes boat blast unhurt

Maldives president escapes boat blast unhurt

An explosion ripped through a speed boat carrying Maldives President Abdulla Yameen on Monday, injuring his wife and two others but leaving him unhurt. It remains unclear what caused the explosion, which came at a time of heightened political tensions in
Published 29 Sep, 2015 12:00am
France announces 4 billion-euro boost in aid

France announces 4 billion-euro boost in aid

France said Sunday that it would ramp up foreign assistance, pumping in an extra four billion euros ($4.5 billion) per year starting in 2020. President Francois Hollande, announcing the aid boost at a United Nations summit on development, said the move wo
Published 29 Sep, 2015 12:00am
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