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Apr 27, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-02-13
Country may miss cotton production target: PBIF chief
Cotton

Country may miss cotton production target: PBIF chief

President of Pakistan Businessmen and Intellectuals Forum (PBIF) Mian Zahid Hussain has said low cotton output is hurting millions of families in farming community and it will decrease exports and GDP. The country will miss the target of cotton production
Published 13 Feb, 2016 12:00am
Meeting on VTCS held at RTO-II

Meeting on VTCS held at RTO-II

Chief Commissioner Inland Revenue, Regional Tax Office-II Karachi Seema Shakil held a meeting with representatives of various Trade Associations, Karachi on February 11, in her office, for creating awareness and understanding of Voluntary Tax Compliance S
Published 13 Feb, 2016 12:00am
Administrator visits DCK project

Administrator visits DCK project

Administrator DHA Brigadier Zubair Ahmed visited DHA City Karachi (DCK) astride Super Highway and spent a busy day at the project site. He chaired a meeting which was attended by relevant DHA/DCK officials and consultant in which the hiccups/complications
Published 13 Feb, 2016 12:00am
PCG seizes arms, ammunition

PCG seizes arms, ammunition

Pakistan Coast Guards (PCG) have seized sizeable quantity of arms and ammunition near Super Highway Check Post here. A PCG statement said on Friday that on receipt of a credible intelligence regarding smuggling attempt of arms and ammunition through Super
Published 13 Feb, 2016 12:00am
Banks and DFIs to submit reports, returns to FSD: SBP

Banks and DFIs to submit reports, returns to FSD: SBP

The central bank Friday advised banks and Development Finance Institutions (DFIs) to submit all their related reports and returns to the newly-established Financial Stability Department (FSD). "Please refer to FSD Circular No 1 of 2016 dated January 14, 2
Published 13 Feb, 2016 12:00am
Russia keeps bombing despite Syria truce

Russia keeps bombing despite Syria truce

Major powers agreed on Friday to a pause in combat in Syria, but Russia pressed on with its relentless bombing in support of its ally President Bashar al-Assad, who vowed to fight on until he regains full control of the country. Although billed as a poten
Published 13 Feb, 2016 12:00am
EU hits China with new steel anti-dumping probes

EU hits China with new steel anti-dumping probes

The EU launched new probes on Friday into imports of Chinese steel, warning it would not allow "unfair competition" to threaten Europe's industry already crumbling under a flood of cheap imports. European steelmakers are reeling from a global glut and las
Published 13 Feb, 2016 12:00am
EU hits China with new steel anti-dumping probes

EU hits China with new steel anti-dumping probes

The EU launched new probes on Friday into imports of Chinese steel, warning it would not allow "unfair competition" to threaten Europe's industry already crumbling under a flood of cheap imports. European steelmakers are reeling from a global glut and las
Published 13 Feb, 2016 12:00am
EU hits China with new steel anti-dumping probes

EU hits China with new steel anti-dumping probes

The EU launched new probes on Friday into imports of Chinese steel, warning it would not allow "unfair competition" to threaten Europe''s industry already crumbling under a flood of cheap imports. European steelmakers are reeling from a global glut and la
Published 13 Feb, 2016 12:00am
FBR-TRC recommendations: Dar forms panel for implementation oversight

FBR-TRC recommendations: Dar forms panel for implementation oversight

Finance Minister Ishaq Dar has constituted a high-powered committee to supervise implementation of the combined recommendations of Federal Board of Revenue (FBR) and Tax Reforms Commission (TRC). According to a notification by the FBR, the finance ministe
Published 13 Feb, 2016 12:00am
FBR-TRC recommendations: Dar forms panel for implementation oversight

FBR-TRC recommendations: Dar forms panel for implementation oversight

Finance Minister Ishaq Dar has constituted a high-powered committee to supervise implementation of the combined recommendations of Federal Board of Revenue (FBR) and Tax Reforms Commission (TRC). According to a notification by the FBR, the finance ministe
Published 13 Feb, 2016 12:00am
FBR-TRC recommendations: Dar forms panel for implementation oversight

FBR-TRC recommendations: Dar forms panel for implementation oversight

Finance Minister Ishaq Dar has constituted a high-powered committee to supervise implementation of the combined recommendations of Federal Board of Revenue (FBR) and Tax Reforms Commission (TRC). According to a notification by the FBR, the finance ministe
Published 13 Feb, 2016 12:00am
Clinton slams Sanders 'promises' in debate

Clinton slams Sanders 'promises' in debate

Two days after her humiliating New Hampshire defeat, White House hopeful Hillary Clinton sought to regain the upper hand against her Democratic rival Bernie Sanders in their debate Thursday, denouncing his proposals as unrealistic and costly. Clinton, who
Published 13 Feb, 2016 12:00am
Bearish trend strengthens

Bearish trend strengthens

Equities stayed in the negative zone Friday with the KSE-100 index shedding another 356 points to close at 31,464 points. The volatile benchmark index moved both ways and hit the intraday high and low of 31,913 points and 31,389 points, respectively. Trad
Published 13 Feb, 2016 12:00am
Bearish trend strengthens

Bearish trend strengthens

Equities stayed in the negative zone Friday with the KSE-100 index shedding another 356 points to close at 31,464 points. The volatile benchmark index moved both ways and hit the intraday high and low of 31,913 points and 31,389 points, respectively. Trad
Published 13 Feb, 2016 12:00am
Bearish trend strengthens

Bearish trend strengthens

Equities stayed in the negative zone Friday with the KSE-100 index shedding another 356 points to close at 31,464 points. The volatile benchmark index moved both ways and hit the intraday high and low of 31,913 points and 31,389 points, respectively. Trad
Published 13 Feb, 2016 12:00am
BRIndex30 dips 306.39 points

BRIndex30 dips 306.39 points

On Friday, BRIndex30 opened at 19,408.35 points. It touched an intraday high of 19,439.60 points and an intraday low of 19,049.06 points and closed at 19,101.96 points which was -306.39 points or -1.58 percent lower than previous close. Total volume was 7
Published 13 Feb, 2016 12:00am
BRIndex30 dips 306.39 points

BRIndex30 dips 306.39 points

On Friday, BRIndex30 opened at 19,408.35 points. It touched an intraday high of 19,439.60 points and an intraday low of 19,049.06 points and closed at 19,101.96 points which was -306.39 points or -1.58 percent lower than previous close. Total volume was 7
Published 13 Feb, 2016 12:00am
Grenade attacks create panic

Grenade attacks create panic

Panic gripped Karachiites when unknown attackers on Friday hurled hand grenades on a school, a college and a police station in different areas of the city. According to details, the first attack took place when three unidentified persons on a motorbike th
Published 13 Feb, 2016 12:00am
Grenade attacks create panic

Grenade attacks create panic

Panic gripped Karachiites when unknown attackers on Friday hurled hand grenades on a school, a college and a police station in different areas of the city. According to details, the first attack took place when three unidentified persons on a motorbike th
Published 13 Feb, 2016 12:00am
Daesh in Pakistan? IB chief's assertion evokes mixed reactions

Daesh in Pakistan? IB chief's assertion evokes mixed reactions

Different officials in Pakistan's government have taken seemingly contradictory stands on Islamic State's influence in the country, after a rare warning by an intelligence chief that the Middle East-based militant group posed a domestic threat. Reports of
Published 13 Feb, 2016 12:00am
Daesh in Pakistan? IB chief's assertion evokes mixed reactions

Daesh in Pakistan? IB chief's assertion evokes mixed reactions

Different officials in Pakistan's government have taken seemingly contradictory stands on Islamic State's influence in the country, after a rare warning by an intelligence chief that the Middle East-based militant group posed a domestic threat. Reports of
Published 13 Feb, 2016 12:00am
RLNG supply: PPIB seeks firm commitment

RLNG supply: PPIB seeks firm commitment

Private Power Infrastructure Board (PPIB) has sought a firm and unconditional commitment of RLNG supply to the new small Independent Power Plants (IPPs) as per schedule and on the sites to be finalised by the Ministry of Water and Power, sources close to
Published 13 Feb, 2016 12:00am
RLNG supply: PPIB seeks firm commitment

RLNG supply: PPIB seeks firm commitment

Private Power Infrastructure Board (PPIB) has sought a firm and unconditional commitment of RLNG supply to the new small Independent Power Plants (IPPs) as per schedule and on the sites to be finalised by the Ministry of Water and Power, sources close to
Published 13 Feb, 2016 12:00am
Board Meetings
Exchange

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 13 Feb, 2016 12:00am
RLNG supply: PPIB seeks firm commitment

RLNG supply: PPIB seeks firm commitment

Private Power Infrastructure Board (PPIB) has sought a firm and unconditional commitment of RLNG supply to the new small Independent Power Plants (IPPs) as per schedule and on the sites to be finalised by the Ministry of Water and Power, sources close to
Published 13 Feb, 2016 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 13 Feb, 2016 12:00am
Prime Minister agrees to zero-rated ST regime for export sector
Exchange

Prime Minister agrees to zero-rated ST regime for export sector

Pakistan's leading businesspeople have requested Prime Minister Nawaz Sharif to bring about reforms in Federal Board of Revenue (FBR) and allow zero-rated sales tax regime for export sector to increase the country's exports. Sources said a group of leadin
Published 13 Feb, 2016 12:00am
Prime Minister agrees to zero-rated ST regime for export sector
Exchange

Prime Minister agrees to zero-rated ST regime for export sector

Pakistan's leading businesspeople have requested Prime Minister Nawaz Sharif to bring about reforms in Federal Board of Revenue (FBR) and allow zero-rated sales tax regime for export sector to increase the country's exports. Sources said a group of leadin
Published 13 Feb, 2016 12:00am
Prime Minister agrees to zero-rated ST regime for export sector
Exchange

Prime Minister agrees to zero-rated ST regime for export sector

Pakistan''s leading businesspeople have requested Prime Minister Nawaz Sharif to bring about reforms in Federal Board of Revenue (FBR) and allow zero-rated sales tax regime for export sector to increase the country''s exports. Sources said a group of lead
Published 13 Feb, 2016 12:00am
Zalmi beat Islamabad United

Zalmi beat Islamabad United

An unbeaten 58-ball 80 runs by opener Tameem Iqbal helped Peshawar Zalmi to beat Islamabad United in an HBL Pakistan Super League (PSL) match at Sharjah Cricket Stadium on Friday night. Peshawar Zalmi successfully chased down the 153-run target set by Uni
Published 13 Feb, 2016 12:00am
Zalmi beat Islamabad United

Zalmi beat Islamabad United

An unbeaten 58-ball 80 runs by opener Tameem Iqbal helped Peshawar Zalmi to beat Islamabad United in an HBL Pakistan Super League (PSL) match at Sharjah Cricket Stadium on Friday night. Peshawar Zalmi successfully chased down the 153-run target set by Uni
Published 13 Feb, 2016 12:00am
EU throws attacks-hit Tunisia 500 million euro lifeline

EU throws attacks-hit Tunisia 500 million euro lifeline

The European Commission on Friday threw a lifeline to Tunisia's jihadist-hit economy with a proposed 500 million euro ($560 million) financial aid package. The commission said the funds, requested by Tunisia, would take the form of medium-term loans at fa
Published 13 Feb, 2016 12:00am
Member to Member
Cotton

Member to Member

The following transactions member to member subsequently reported on Friday (February 12, 2016).

Published 13 Feb, 2016 12:00am
EU throws attacks-hit Tunisia 500 million euro lifeline

EU throws attacks-hit Tunisia 500 million euro lifeline

The European Commission on Friday threw a lifeline to Tunisia's jihadist-hit economy with a proposed 500 million euro ($560 million) financial aid package. The commission said the funds, requested by Tunisia, would take the form of medium-term loans at fa
Published 13 Feb, 2016 12:00am
EU throws attacks-hit Tunisia 500 million euro lifeline

EU throws attacks-hit Tunisia 500 million euro lifeline

The European Commission on Friday threw a lifeline to Tunisia''s jihadist-hit economy with a proposed 500 million euro ($560 million) financial aid package. The commission said the funds, requested by Tunisia, would take the form of medium-term loans at f
Published 13 Feb, 2016 12:00am
ARY channel warned over anti-Malala hate speech

ARY channel warned over anti-Malala hate speech

TV regulator on Friday censured a leading news channel for airing "hate speech" against Nobel Peace Prize winner Malala Yousafzai and her family, warning that accusations of blasphemy could endanger lives. Malala, who moved to England after being shot in
Published 13 Feb, 2016 12:00am
ARY channel warned over anti-Malala hate speech

ARY channel warned over anti-Malala hate speech

TV regulator on Friday censured a leading news channel for airing "hate speech" against Nobel Peace Prize winner Malala Yousafzai and her family, warning that accusations of blasphemy could endanger lives. Malala, who moved to England after being shot in
Published 13 Feb, 2016 12:00am
Banks and DFIs to submit reports, returns to FSD: SBP

Banks and DFIs to submit reports, returns to FSD: SBP

The central bank Friday advised banks and Development Finance Institutions (DFIs) to submit all their related reports and returns to the newly-established Financial Stability Department (FSD). "Please refer to FSD Circular No 1 of 2016 dated January 14, 2
Published 13 Feb, 2016 12:00am
THE RUPEE: all-round gains
Currency

THE RUPEE: all-round gains

The rupee posted fresh gains in terms of the dollar and euro on the money market on Friday in the process of trading, dealers said. The rupee managed to gain 12-paisa against the dollar for buying and selling at Rs 104.53 and Rs 104.56 respectively, they
Published 13 Feb, 2016 12:00am
Banks and DFIs to submit reports, returns to FSD: SBP

Banks and DFIs to submit reports, returns to FSD: SBP

The central bank Friday advised banks and Development Finance Institutions (DFIs) to submit all their related reports and returns to the newly-established Financial Stability Department (FSD). "Please refer to FSD Circular No 1 of 2016 dated January 14, 2
Published 13 Feb, 2016 12:00am
THE RUPEE: all-round gains
Currency

THE RUPEE: all-round gains

The rupee posted fresh gains in terms of the dollar and euro on the money market on Friday in the process of trading, dealers said. The rupee managed to gain 12-paisa against the dollar for buying and selling at Rs 104.53 and Rs 104.56 respectively, they
Published 13 Feb, 2016 12:00am
US MIDDAY: gold up over five percent on week
Exchange

US MIDDAY: gold up over five percent on week

Gold prices eased on Friday after soaring 5 percent the previous day, pressured by profit-taking after the biggest rally in more than seven years, but the metal was still set for its best week in four years as investors rushed to safe haven assets.
Published 13 Feb, 2016 12:00am
Oil rockets from 12-year low on renewed talk of Opec cut

Oil rockets from 12-year low on renewed talk of Opec cut

Global oil prices surged as much as 12 percent on Friday after a report once again suggested Opec might finally agree to cut production to reduce the world glut, while a bounce in stock markets fed appetite for risk. Despite the strong daily gain, oil pri
Published 13 Feb, 2016 12:00am
Prime Minister praises services of Mehtab

Prime Minister praises services of Mehtab

Prime Minister Muhammad Nawaz Sharif on Friday commended former governor of Khyber Pukhtunkhwa Sardar Mehtab Ahmed Khan for the welfare and well-being of the people of province and Federally Administered Tribal Areas. "The services you have rendered for t
Published 13 Feb, 2016 12:00am
Pesco chief for speedy installation of power meters, cable

Pesco chief for speedy installation of power meters, cable

Pesco Chief Executive Officer Anwar ul Haq has directed the installation of electric meters and cable on emergent basis. He issued these directives while presiding over a meeting of the Khyber Circle of the company here at Wapda House, Peshawar. Chief Eng
Published 13 Feb, 2016 12:00am
PTC distributes solar kits

PTC distributes solar kits

Chief Minister Khyber Pakhtunkhwa Pervez Khattak in collaboration with Pakistan Tobacco Company (PTC) has distributed solar kits among three hundred families of Piran Bala, District Nowshera. A special ceremony in this regard held here at Chief Minister's
Published 13 Feb, 2016 12:00am
Pakistan concerned at rocket launch by North Korea

Pakistan concerned at rocket launch by North Korea

Pakistan on Friday expressed deep concern at the launch of rocket by North Korea and noted it as a violation of the UN Security Council resolutions. In response to a question, Foreign Office spokesperson Nafees Zakaria said the rocket launch by DPRK [Demo
Published 13 Feb, 2016 12:00am
National consultation on Zika virus held

National consultation on Zika virus held

In the wake of spread of Zika virus in Latin America and the disease being declared a Public Health Emergency of international concern by WHO, a national consultation on Zika virus - Preparedness and Response was held under the chair of Minister for Natio
Published 13 Feb, 2016 12:00am
Indo-US nuclear deal threat to strategic stability in SA: Aizaz

Indo-US nuclear deal threat to strategic stability in SA: Aizaz

Calling for the grant of NSG (Nuclear Suppliers Group) membership to Pakistan in accordance with a non-discriminatory and criteria-based approach, Foreign Secretary Aizaz Ahmad Chaudhry on Friday said that the Indo-US nuclear deal as well as discriminator
Published 13 Feb, 2016 12:00am
Nearly 100 al Qaeda, other militants held in Karachi: ISPR

Nearly 100 al Qaeda, other militants held in Karachi: ISPR

Pakistan has arrested 97 al Qaeda and Lashkar-e-Jhangvi militants, including three commanders, in Karachi and foiled a planned attack to break US journalist Daniel Pearl's killer out of jail, the army said on Friday. The men are accused of involvement in
Published 13 Feb, 2016 12:00am
Nearly 100 al Qaeda, other militants held in Karachi: ISPR

Nearly 100 al Qaeda, other militants held in Karachi: ISPR

Pakistan has arrested 97 al Qaeda and Lashkar-e-Jhangvi militants, including three commanders, in Karachi and foiled a planned attack to break US journalist Daniel Pearl's killer out of jail, the army said on Friday. The men are accused of involvement in
Published 13 Feb, 2016 12:00am
20 percent cut in pensions: LHC stops imposition

20 percent cut in pensions: LHC stops imposition

Lahore High Court has stopped the Punjab Finance department from imposing a 20-percent cut in retired staff's pensions. The court has also told the federal and Punjab governments to submit explanation by February 19 over petitions filed by pensioners chal
Published 13 Feb, 2016 12:00am
Reserved seats in Sindh: LG elections from 20th to February 22

Reserved seats in Sindh: LG elections from 20th to February 22

The Election Commission of Pakistan (ECP) will hold Local Government (LG) elections for reserved seats in Sindh from February 20 to 22. The elections will be held to fill indirect seats in Union Councils, district councils, town committees, municipal comm
Published 13 Feb, 2016 12:00am
Senate debate: PPP smells a rat in LNG deal

Senate debate: PPP smells a rat in LNG deal

The major opposition political party in Senate - Pakistan People's Party (PPP) - Friday showed scepticism on recently signed LNG agreement between Pakistan and Qatar, saying it has doubt that the deal was struck in a transparent manner. Taking part in a d
Published 13 Feb, 2016 12:00am
Parliamentary solar system generates 80 megawatts

Parliamentary solar system generates 80 megawatts

Speaker National Assembly Sardar Ayaz Sadiq on Friday announced that parliamentary solar system has generated 80 megawatts electricity out of which 62 megawatts were consumed in the Parliament House and the rest surplus production of 18 megawatts was cont
Published 13 Feb, 2016 12:00am
Replacing analog system: Cable operators vow to make investment

Replacing analog system: Cable operators vow to make investment

Cable Operators Association of Pakistan (COAP) will invest Rs 90 billion to replace analog cable system with digital cable TV system within a year across the country. Addressing a press conference the representatives of COAP along with Absar Alam, Chairma
Published 13 Feb, 2016 12:00am
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