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Mar 26, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-01-15
US MIDDAY: wheat falls on hefty supplies

US MIDDAY: wheat falls on hefty supplies

US wheat fell for the second straight day on Thursday after benchmark Paris futures hit a contract low, pressured by technical selling, ample global supplies and lacklustre export demand for shipments out of the United States. Chicago Board of Trade wheat
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
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
Hunting permit to FBR

Hunting permit to FBR

The Income Tax Ordinance, 2001 is different in scheme from its predecessor Income Tax Ordinance, 1979 (hereinafter: "the repealed Ordinance") in many ways, the most notable one is abandonment of the concepts of income year and assessment year, which were
Published 15 Jan, 2016 12:00am
Where angels fear to tread!

Where angels fear to tread!

Suffering from radicalization and terrorism in varying degrees, internally as well as externally, the last thing the Muslim world needs is for two of the Muslim world's most influential and important countries to be embroiled in an asinine quarrel. Among
Published 15 Jan, 2016 12:00am
Importance of record keeping in litigation

Importance of record keeping in litigation

The importance for those companies of managing their records efficiently and effectively has never been more critical. This importance has increased globally following scandals such as Enron and Andersen in 2001. As record retention regulations are becomi
Published 15 Jan, 2016 12:00am
Trade policy framework: some facts

Trade policy framework: some facts

This is apropos a news item "PM scraps unrealistic trade policy framework" carried by Business Recorder on January 7. The trade policy framework is neither 'unrealistic', nor is there a shred of evidence that it is being 'scrapped'.
Published 15 Jan, 2016 12:00am
US MIDDAY: gold tumbles
Exchange

US MIDDAY: gold tumbles

Gold fell sharply to a 1-1/2-week low on Thursday, pressured by a US Federal Reserve president's comments about potentially rethinking further rate hikes, triggering technical sell signals while shrugging off a rebound from 12-year lows in oil prices. Cru
Published 15 Jan, 2016 12:00am
FBR urged to extend VTCS' scope to banking transactions

FBR urged to extend VTCS' scope to banking transactions

Tax lawyers and experts have stressed upon the Federal Board of Revenue (FBR) to extend the scope of Voluntary Tax Compliance Scheme (VTCS) to banking transactions of all undeclared bank accounts of the filers and non-filers of income tax returns. It is l
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
IRC imparts technical training to Fata youth

IRC imparts technical training to Fata youth

International Rescue Committee (IRC) Pakistan organised a certificate distribution ceremony and awarded 22 individuals who have successfully completed two months' technical training course in the trade of 'Auto mechanic'. The training has been provided un
Published 15 Jan, 2016 12:00am
'Balochistan is close to my heart,' Prime Minister tells agriculturists

'Balochistan is close to my heart,' Prime Minister tells agriculturists

Prime Minister Muhammad Nawaz Sharif has assured the farmers community of Balochistan province to look into their grievances and to resolve all problems faced by them. He made this assurance while talking to a delegation of agriculturists from Balochistan
Published 15 Jan, 2016 12:00am
FY 2015-16: SECP registers 2,747 new companies in first half
Exchange

FY 2015-16: SECP registers 2,747 new companies in first half

The Securities and Exchange Commission of Pakistan (SECP), during the first half of current fiscal year (2015-16) registered 2,747 new companies, indicating a growth of 25 percent as compared to the corresponding period last year. The growing trend in com
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
CEO of ICT R&D Fund Company resigns

CEO of ICT R&D Fund Company resigns

ICT R&D Fund Board accepted the resignation of CEO in its 43rd Board of Directors meeting. This meeting was held here in MoIT on Thursday under the chairpersonship of Minister of State for IT & Telecom Anusha Rehman. Federal Secretary IT Azmat Ali Ranjha,
Published 15 Jan, 2016 12:00am
KP apex body reviews progress on implementation of NAP

KP apex body reviews progress on implementation of NAP

The Apex Committee of Khyber Pakhtunkhwa in its meeting held with Governor Sardar Mehtab Ahmad Khan in the chair on Thursday, reviewed the progress on the implementation of the National Action Plan (NAP) against militancy and discussed matters related to
Published 15 Jan, 2016 12:00am
Six killed, 10 hurt as jeep falls into gorge in Mansehra

Six killed, 10 hurt as jeep falls into gorge in Mansehra

At least six people including women killed and 10 others critically injured when a jeep fell into a gorge here on Thursday. Police said that an overloaded passenger jeep skidded-off the road and plunged into deep ravine while heading to Methal from Jabbor
Published 15 Jan, 2016 12:00am
PPP wants peaceful resolution of Kashmir dispute: Bilawal

PPP wants peaceful resolution of Kashmir dispute: Bilawal

Chairman Pakistan Peoples Party Bilawal Bhutto Zardari has said that the people of Kashmir are a key to a final settlement of the Kashmir dispute and that the Pakistan Peoples will continue to support them in their just struggle. He said this while talkin
Published 15 Jan, 2016 12:00am
Funeral prayers of SI held

Funeral prayers of SI held

The funeral prayers of Sub-Inspector of Islamabad Traffic Police (ITP) were offered at Police Line Headquarters who was killed on duty after being hit by a vehicle near Faizabad, a police spokesman said. He said that the funeral prayer of deceased Sub-Ins
Published 15 Jan, 2016 12:00am
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
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