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Apr 28, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-01-15
Prime Minister greets Muneer

Prime Minister greets Muneer

Prime Minister of Pakistan, Muhammad Nawaz Sharif congratulated S M Muneer for sweeping the FPCCI election 2016. He expressed his confidence on the vibrant leadership of Muneer, who is patron-in-chief of United Business Group (UBG). The PM has also apprec
Published 15 Jan, 2016 12:00am
July-November period: Textile machinery import soars to $189.970 million

July-November period: Textile machinery import soars to $189.970 million

The country's import of textile machinery grew to $189.970 million in July-November 2015-16, up by 6 percent, official statistics said. Growth in textile machinery import now stands at $9.984 million in July-November 2015-16 as compared to their import of
Published 15 Jan, 2016 12:00am
Mitsubishi agrees to renounce 2.2 million shares

Mitsubishi agrees to renounce 2.2 million shares

Mitsubishi Corporation has agreed to renounce in favour of IGI Insurance Limited the 2.2 million rights shares offered by the Tri-Pack Films Limited (TPFL). "IGI Insurance Limited has agreed with Mitsubishi Corporation of Japan for the renouncement by Mit
Published 15 Jan, 2016 12:00am
Bank Alfalah launches digital gift card service 'CardWalla'

Bank Alfalah launches digital gift card service 'CardWalla'

Bank Alfalah recently launched a digital gift card service "CardWalla," in partnership with Monami, a fintech startup with special focus on Middle East and South Asian markets. This service enables active mobile applications users, online movie and televi
Published 15 Jan, 2016 12:00am
Perilous chemical: Customs clueless about delivery details

Perilous chemical: Customs clueless about delivery details

An utter negligence has been reported in the clearance of 'acetic anhydride' - a chemical what the customs officials claim as one of the major substance in heroin and also used for making Improvised Explosive Device (IED) - as the customs department is cl
Published 15 Jan, 2016 12:00am
PBIF chief urges government to revisit PPP Act

PBIF chief urges government to revisit PPP Act

Pakistan Businessmen and Intellectuals Forum's (PBIF) president Mian Zahid Hussain has emphasized the need for revisiting public-private partnership Act to protect the rights of investors. In a statement, the PBIF chief opined that the existing policy fra
Published 15 Jan, 2016 12:00am
CM for 'Hepatitis-free Sindh' by 2018

CM for 'Hepatitis-free Sindh' by 2018

Sindh Chief Minister Syed Qaim Ali Shah on Thursday directed to ensure Hepatitis free province by 2018. "You are professionals and I hope that you will take necessary measures to make Hepatitis Free Sindh by end of my government's tenure," the Chief Minis
Published 15 Jan, 2016 12:00am
'Pakistan is on its way to become an important global player,' Kale CEO

'Pakistan is on its way to become an important global player,' Kale CEO

Kale Group of Companies, a Turkish manufacturer of tiles and sanitary ware is a recent overseas investor in the country. The group has recently opened its first flagship showroom in DHA Lahore and is a leading industrial giant in Turkey that deals in cera
Published 15 Jan, 2016 12:00am
The ball is in India's court now
Exchange

The ball is in India's court now

Holding good on its promise to act against anyone involved, Pakistan started on Wednesday a crackdown on a proscribed Kashmir-related jihadist outfit, Jaish-e-Mohammad (JeM), accused by India of having masterminded the attack on its Pathankot airbase. The
Published 15 Jan, 2016 12:00am
PSX hit by panic selling
Exchange

PSX hit by panic selling

China-led uncertainty over the global economic growth and falling oil prices triggered panic selling on Pakistan Stock Exchange (PSX), which tumbled the index by 2.22 percent. The trading week's second last session saw regional equities suffering losses b
Published 15 Jan, 2016 12:00am
PSX hit by panic selling
Exchange

PSX hit by panic selling

China-led uncertainty over the global economic growth and falling oil prices triggered panic selling on Pakistan Stock Exchange (PSX), which tumbled the index by 2.22 percent. The trading week's second last session saw regional equities suffering losses b
Published 15 Jan, 2016 12:00am
PSX hit by panic selling
Exchange

PSX hit by panic selling

China-led uncertainty over the global economic growth and falling oil prices triggered panic selling on Pakistan Stock Exchange (PSX), which tumbled the index by 2.22 percent. The trading week''s second last session saw regional equities suffering losses
Published 15 Jan, 2016 12:00am
BRIndex30 slashes 534.69 points

BRIndex30 slashes 534.69 points

On Thursday, BRIndex30 opened at 19,687.71 points. It touched an intraday high of 19,689.78 points and an intraday low of 18,971.49 points and closed at 19,153.02 points which was -534.69 points or -2.72 percent lower than previous close. Total volume was
Published 15 Jan, 2016 12:00am
BRIndex30 slashes 534.69 points

BRIndex30 slashes 534.69 points

On Thursday, BRIndex30 opened at 19,687.71 points. It touched an intraday high of 19,689.78 points and an intraday low of 18,971.49 points and closed at 19,153.02 points which was -534.69 points or -2.72 percent lower than previous close. Total volume was
Published 15 Jan, 2016 12:00am
Upstream oil, gas sector: Prime Minister urges MOL Pakistan to invest

Upstream oil, gas sector: Prime Minister urges MOL Pakistan to invest

Prime Minister Nawaz Sharif Thursday invited MOL Pakistan to invest further in the upstream oil and gas sector of Pakistan. "Un-explored offshore region of Pakistan provide an opportunity for investment," he said while talking to Berislav Gaso, Executive
Published 15 Jan, 2016 12:00am
Upstream oil, gas sector: Prime Minister urges MOL Pakistan to invest

Upstream oil, gas sector: Prime Minister urges MOL Pakistan to invest

Prime Minister Nawaz Sharif Thursday invited MOL Pakistan to invest further in the upstream oil and gas sector of Pakistan. "Un-explored offshore region of Pakistan provide an opportunity for investment," he said while talking to Berislav Gaso, Executive
Published 15 Jan, 2016 12:00am
Upstream oil, gas sector: Prime Minister urges MOL Pakistan to invest

Upstream oil, gas sector: Prime Minister urges MOL Pakistan to invest

Prime Minister Nawaz Sharif Thursday invited MOL Pakistan to invest further in the upstream oil and gas sector of Pakistan. "Un-explored offshore region of Pakistan provide an opportunity for investment," he said while talking to Berislav Gaso, Executive
Published 15 Jan, 2016 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 15 Jan, 2016 12:00am
It's the best LNG deal in Asia: Khaqan

It's the best LNG deal in Asia: Khaqan

Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi has said that Pakistan will sign the best contract of Asia on Liquefied Natural Gas (LNG) with Qatar. Rejecting all rumours and allegations reported in the media and raised by the oppositio
Published 15 Jan, 2016 12:00am
It's the best LNG deal in Asia: Khaqan

It's the best LNG deal in Asia: Khaqan

Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi has said that Pakistan will sign the best contract of Asia on Liquefied Natural Gas (LNG) with Qatar. Rejecting all rumours and allegations reported in the media and raised by the oppositio
Published 15 Jan, 2016 12:00am
It''s the best LNG deal in Asia: Khaqan

It''s the best LNG deal in Asia: Khaqan

Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi has said that Pakistan will sign the best contract of Asia on Liquefied Natural Gas (LNG) with Qatar. Rejecting all rumours and allegations reported in the media and raised by the oppositio
Published 15 Jan, 2016 12:00am
ENOC offers LNG on 13 percent of Brent price: TI Pakistan

ENOC offers LNG on 13 percent of Brent price: TI Pakistan

Emirates National Oil Company (ENOC) has offered Liquefied Natural Gas (LNG) for five (5) years only at 13 percent of Brent crude oil price, under a government-to-government deal, says Transparency International Pakistan. Last month, in a meeting with the
Published 15 Jan, 2016 12:00am
ENOC offers LNG on 13 percent of Brent price: TI Pakistan

ENOC offers LNG on 13 percent of Brent price: TI Pakistan

Emirates National Oil Company (ENOC) has offered Liquefied Natural Gas (LNG) for five (5) years only at 13 percent of Brent crude oil price, under a government-to-government deal, says Transparency International Pakistan. Last month, in a meeting with the
Published 15 Jan, 2016 12:00am
ENOC offers LNG on 13 percent of Brent price: TI Pakistan

ENOC offers LNG on 13 percent of Brent price: TI Pakistan

Emirates National Oil Company (ENOC) has offered Liquefied Natural Gas (LNG) for five (5) years only at 13 percent of Brent crude oil price, under a government-to-government deal, says Transparency International Pakistan. Last month, in a meeting with the
Published 15 Jan, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (January 14, 2016).

Published 15 Jan, 2016 12:00am
IS claims Jakarta attack; seven killed

IS claims Jakarta attack; seven killed

Islamic State said it was behind an attack by suicide bombers and gunmen in the heart of Jakarta on Thursday, the first time the radical group has targeted the world's most populous Muslim nation. Just seven people were killed despite multiple blasts and
Published 15 Jan, 2016 12:00am
IS claims Jakarta attack; seven killed

IS claims Jakarta attack; seven killed

Islamic State said it was behind an attack by suicide bombers and gunmen in the heart of Jakarta on Thursday, the first time the radical group has targeted the world's most populous Muslim nation. Just seven people were killed despite multiple blasts and
Published 15 Jan, 2016 12:00am
Four injured in blast near Rangers' post

Four injured in blast near Rangers' post

Two Rangers personnel and as many civilians were injured as a result of a bomb blast near a Rangers' check post in North Nazimabad area, here on Thursday. Sindh Rangers spokesman said that the nature of the blast was being ascertained. A motor cycle and R
Published 15 Jan, 2016 12:00am
Four injured in blast near Rangers' post

Four injured in blast near Rangers' post

Two Rangers personnel and as many civilians were injured as a result of a bomb blast near a Rangers' check post in North Nazimabad area, here on Thursday. Sindh Rangers spokesman said that the nature of the blast was being ascertained. A motor cycle and R
Published 15 Jan, 2016 12:00am
EU extends Iran sanctions freeze by extra two weeks

EU extends Iran sanctions freeze by extra two weeks

The EU on Thursday extended a freeze on sanctions against Iran for another two weeks, clearing the way for their complete end once the UN certifies Tehran is complying with the terms of a historic nuclear deal. The International Atomic Energy Agency (IAEA
Published 15 Jan, 2016 12:00am
THE RUPEE: marginal fall
Currency

THE RUPEE: marginal fall

The rupee slid against the dollar in the process of trading, dealers said on the money market on Thursday. The rupee shed 10 paisas versus the dollar for buying and selling at Rs 106.10 and Rs 106.20, they added. The rupee also lost 80 paisas in relation
Published 15 Jan, 2016 12:00am
Traders reject tax amnesty scheme, WHT levy

Traders reject tax amnesty scheme, WHT levy

All Pakistan Anjuman-i-Tajran Thursday organised a national convention against the imposition of withholding tax and introduction of the tax amnesty scheme. Traders' associations including Azad Kashmir and Gilgit-Baltistan, rejected the tax amnesty scheme
Published 15 Jan, 2016 12:00am
THE RUPEE: marginal fall
Currency

THE RUPEE: marginal fall

The rupee slid against the dollar in the process of trading, dealers said on the money market on Thursday. The rupee shed 10 paisas versus the dollar for buying and selling at Rs 106.10 and Rs 106.20, they added. The rupee also lost 80 paisas in relation
Published 15 Jan, 2016 12:00am
Traders reject tax amnesty scheme, WHT levy

Traders reject tax amnesty scheme, WHT levy

All Pakistan Anjuman-i-Tajran Thursday organised a national convention against the imposition of withholding tax and introduction of the tax amnesty scheme. Traders' associations including Azad Kashmir and Gilgit-Baltistan, rejected the tax amnesty scheme
Published 15 Jan, 2016 12:00am
Traders reject tax amnesty scheme, WHT levy

Traders reject tax amnesty scheme, WHT levy

All Pakistan Anjuman-i-Tajran Thursday organised a national convention against the imposition of withholding tax and introduction of the tax amnesty scheme. Traders'' associations including Azad Kashmir and Gilgit-Baltistan, rejected the tax amnesty schem
Published 15 Jan, 2016 12:00am
US high court weighs compensation for past Iranian attacks

US high court weighs compensation for past Iranian attacks

The US Supreme Court on Wednesday waded into a sensitive case over whether the families of victims of attacks blamed on Iran should finally receive $1.75 billion in compensation from frozen Iranian funds. The survivors and representatives of more than 1,0
Published 15 Jan, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (January 14, 2016).

Published 15 Jan, 2016 12:00am
US high court weighs compensation for past Iranian attacks

US high court weighs compensation for past Iranian attacks

The US Supreme Court on Wednesday waded into a sensitive case over whether the families of victims of attacks blamed on Iran should finally receive $1.75 billion in compensation from frozen Iranian funds. The survivors and representatives of more than 1,0
Published 15 Jan, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (January 14, 2016).

Published 15 Jan, 2016 12:00am
CoAS visits HIT

CoAS visits HIT

Chief of the Army Staff (CoAS) General Raheel Sharif on Thursday visited Heavy Industries Taxila (HIT), an Inter Services Public Relations (ISPR) press release said. General Raheel Sharif was briefed on the products manufactured for defence and commercial
Published 15 Jan, 2016 12:00am
CoAS visits HIT

CoAS visits HIT

Chief of the Army Staff (CoAS) General Raheel Sharif on Thursday visited Heavy Industries Taxila (HIT), an Inter Services Public Relations (ISPR) press release said. General Raheel Sharif was briefed on the products manufactured for defence and commercial
Published 15 Jan, 2016 12:00am
CoAS visits HIT

CoAS visits HIT

Chief of the Army Staff (CoAS) General Raheel Sharif on Thursday visited Heavy Industries Taxila (HIT), an Inter Services Public Relations (ISPR) press release said. General Raheel Sharif was briefed on the products manufactured for defence and commercial
Published 15 Jan, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (January 14, 2016)

Published 15 Jan, 2016 12:00am
Duty, ST on import of tug boats: Ministry's case closed

Duty, ST on import of tug boats: Ministry's case closed

The Economic Co-ordination Committee (ECC) of the Cabinet has closed a case of Ministry of Port and Shipping regarding exemption of customs duty and sales tax on temporary import of four LNG-specific ASD tug boats as parliament and not the executive can g
Published 15 Jan, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (January 14, 2016).

Published 15 Jan, 2016 12:00am
Duty, ST on import of tug boats: Ministry's case closed

Duty, ST on import of tug boats: Ministry's case closed

The Economic Co-ordination Committee (ECC) of the Cabinet has closed a case of Ministry of Port and Shipping regarding exemption of customs duty and sales tax on temporary import of four LNG-specific ASD tug boats as parliament and not the executive can g
Published 15 Jan, 2016 12:00am
Duty, ST on import of tug boats: Ministry''s case closed

Duty, ST on import of tug boats: Ministry''s case closed

The Economic Co-ordination Committee (ECC) of the Cabinet has closed a case of Ministry of Port and Shipping regarding exemption of customs duty and sales tax on temporary import of four LNG-specific ASD tug boats as parliament and not the executive can g
Published 15 Jan, 2016 12:00am
Duty, ST on import of tug boats: Ministry''''s case closed

Duty, ST on import of tug boats: Ministry''''s case closed

The Economic Co-ordination Committee (ECC) of the Cabinet has closed a case of Ministry of Port and Shipping regarding exemption of customs duty and sales tax on temporary import of four LNG-specific ASD tug boats as parliament and not the executive can g
Published 15 Jan, 2016 12:00am
The Weather

The Weather

The weather report on Thursday (January 14, 2016) and the forecast for Friday (January 15, 2016).

Published 15 Jan, 2016 12:00am
Railways to procure 800 Hopper Wagons from China

Railways to procure 800 Hopper Wagons from China

Pakistan Railways (PR) will procure 800 high capacity (Hopper Wagons) from a Chinese company at a cost of Rs 3.92 billion for coal transportation to Qadirabad (Sahiwal) power plant. Director Procurement Ziauddin Ahmad Qureshi of the Pakistan Railways and
Published 15 Jan, 2016 12:00am
Railways to procure 800 Hopper Wagons from China

Railways to procure 800 Hopper Wagons from China

Pakistan Railways (PR) will procure 800 high capacity (Hopper Wagons) from a Chinese company at a cost of Rs 3.92 billion for coal transportation to Qadirabad (Sahiwal) power plant. Director Procurement Ziauddin Ahmad Qureshi of the Pakistan Railways and
Published 15 Jan, 2016 12:00am
Railways to procure 800 Hopper Wagons from China

Railways to procure 800 Hopper Wagons from China

Pakistan Railways (PR) will procure 800 high capacity (Hopper Wagons) from a Chinese company at a cost of Rs 3.92 billion for coal transportation to Qadirabad (Sahiwal) power plant. Director Procurement Ziauddin Ahmad Qureshi of the Pakistan Railways and
Published 15 Jan, 2016 12:00am
CDWP approves Rs 23 billion projects

CDWP approves Rs 23 billion projects

The Central Development Working Party has approved 18 projects with a total cost of Rs 23 billion, and referred three projects worth Rs 52 billion to the Executive Committee of the National Economic Council, and gave concept clearance to two projects wort
Published 15 Jan, 2016 12:00am
CDWP approves Rs 23 billion projects

CDWP approves Rs 23 billion projects

The Central Development Working Party has approved 18 projects with a total cost of Rs 23 billion, and referred three projects worth Rs 52 billion to the Executive Committee of the National Economic Council, and gave concept clearance to two projects wort
Published 15 Jan, 2016 12:00am
CDWP approves Rs 23 billion projects

CDWP approves Rs 23 billion projects

The Central Development Working Party has approved 18 projects with a total cost of Rs 23 billion, and referred three projects worth Rs 52 billion to the Executive Committee of the National Economic Council, and gave concept clearance to two projects wort
Published 15 Jan, 2016 12:00am
VTCS: We don't want government to cherry-pick businesses

VTCS: We don't want government to cherry-pick businesses

The Voluntary Tax Compliance Scheme (VTCS) announced by the government is being termed by the tax bar associations of the country as flawed step and the Senate's standing committee on finance has described it as a 'non-starter'. The need for this scheme a
Published 15 Jan, 2016 12:00am
Jaish seminary raided, banned literature discovered

Jaish seminary raided, banned literature discovered

A seminary belonging to the banned outfit Jaish-e-Mohammad was on Thursday raided and dozens of organizations' uniforms were discovered along with banned literature. The office of the outfit was also sealed. According to a private television channel, poli
Published 15 Jan, 2016 12:00am
Paapam lauds reduction of GST on tractors

Paapam lauds reduction of GST on tractors

Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) has lauded the efforts of Federal Minister for National Food Security & Research Sikandar Hayat Khan Bosan to reduce the GST on tractors in the Finance Bill 2014-15, from 17 per
Published 15 Jan, 2016 12:00am
PRA urges service providers to avail reduction in ST

PRA urges service providers to avail reduction in ST

Punjab Revenue Authority (PRA) has trimmed sales tax on services from 16 to 2 percent with effect from January 11, 2016 and service providers must avail this opportunity without any further delay, said Imran Hayee, Commissioner PRA. He was addressing the
Published 15 Jan, 2016 12:00am
Forex reserves decline by $50 million
Exchange

Forex reserves decline by $50 million

The country's total liquid foreign exchange reserves declined by $50 million during the last week. According to State Bank of Pakistan (SBP), the country's total liquid foreign reserves stood at $20.759 billion on January 8, 2016 as against $20.810 billio
Published 15 Jan, 2016 12:00am
PASDEC chief calls on Italian envoy

PASDEC chief calls on Italian envoy

Chief Executive Officer of Pakistan Stone Development Company (PASDEC), Zahid Maqsood Sheikh, called on the Ambassador of Italy, Stefano Pontecorvo, at the Italian embassy in Islamabad In the meeting, the CEO PASDEC, who was accompanied by Chairman Board
Published 15 Jan, 2016 12:00am
Reports on two bills presented to NA

Reports on two bills presented to NA

Reports of Standing Committee on Finance on "The Income Tax (Amendment) Bill, 2015 and The Income Tax (Second Amendment) Bill, 2015" were presented in the Lower House of the Parliament here on Thursday. The National Assembly also approved two bills includ
Published 15 Jan, 2016 12:00am
Saddar Parking Plaza still wears a deserted look

Saddar Parking Plaza still wears a deserted look

The much-trumpeted Saddar Car Parking Plaza, built on Preedy Street near Empress Market by former City District Government Karachi (CDGK) at cost of around Rs 700 million about seven years back continues to remain deserted reportedly owing to non-cooperat
Published 15 Jan, 2016 12:00am
Dr Umair honoured

Dr Umair honoured

Dr Umair Rasheed Chaudhry has become first Pakistani who obtained high qualification in Intervention Neuro-radiology by European Board of Neuro-radiology (ECIINR). Dr Umair is one of the pioneers in establishing First Brain Stroke Centre in the Country at
Published 15 Jan, 2016 12:00am
GMAP to take part in Coating Show

GMAP to take part in Coating Show

The Grinding Mills Association of Pakistan (GMAP) is taking part in a Pakistan Coating Show being held between January 15 and 17 at the Lahore Expo Centre. The association's active member, the Shaheen Grinding Mills, said that they are also arranging a le
Published 15 Jan, 2016 12:00am
Contempt of court: petition filed against Sindh chief minister

Contempt of court: petition filed against Sindh chief minister

A petition for contempt of court case against Sindh Chief Minister (CM) Qaim Ali Shah was filed in the Sindh High Court (SHC) on Thursday. Petitioner Rana Faiz-ul-Hassan, in his plea, stated that the address of the Sindh CM during the oath-taking ceremony
Published 15 Jan, 2016 12:00am
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