News Archives for Print - 2016-03-15 - Business Recorder

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اردو

May 15, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Print - 2016-03-15

Economic corridor: China agrees to set up $1.5 billion S&T Commercial Park

Economic corridor: China agrees to set up $1.5 billion S&T Commercial Park

China has agreed to establish Pak-China International Science and Technology & Commercial and Logistic Park in Pakistan with an investment outlay of $1.5 billion under the China-Pakistan Economic Corridor (CPEC). "The planned construction area would be in

Published 15 Mar, 2016 12:00am

Mutual Funds Association of Pakistan

Mutual Funds

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Monday (March 14, 2016)

Published 15 Mar, 2016 12:00am

Hydropower projects in AJK, Galgit-Baltistan, Punjab: WUC likely to be increased by 183 percent

Hydropower projects in AJK, Galgit-Baltistan, Punjab: WUC likely to be increased by 183 percent

Federal government is likely to increase Water Usage Charges (WUC) by 183 per cent from Rs 0.15/KWh to Rs 0.425/ KWh for all upcoming hydropower projects in Azad Kashmir, Galgit-Baltistan and Punjab besides handing over BOOT- based private power projects

Published 15 Mar, 2016 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Monday (March 14, 2016).

Published 15 Mar, 2016 12:00am

Hydropower projects in AJK, Galgit-Baltistan, Punjab: WUC likely to be increased by 183 percent

Hydropower projects in AJK, Galgit-Baltistan, Punjab: WUC likely to be increased by 183 percent

Federal government is likely to increase Water Usage Charges (WUC) by 183 per cent from Rs 0.15/KWh to Rs 0.425/ KWh for all upcoming hydropower projects in Azad Kashmir, Galgit-Baltistan and Punjab besides handing over BOOT- based private power projects

Published 15 Mar, 2016 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Monday (March 14, 2016).

Published 15 Mar, 2016 12:00am

Supreme Court asks IGs to obey law or raise Daesh's flag

Supreme Court asks IGs to obey law or raise Daesh's flag

Supreme Court (SC) on Monday said if Inspectors General (IGs) are above the law, they should raise the flag of Daesh instead of Pakistan's. A two-member bench headed by Justice Sheikh Azmat Saeed conducted the hearing of a case against commercial and gove

Published 15 Mar, 2016 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Monday (March 14, 2016).

Published 15 Mar, 2016 12:00am

Supreme Court asks IGs to obey law or raise Daesh's flag

Supreme Court asks IGs to obey law or raise Daesh's flag

Supreme Court (SC) on Monday said if Inspectors General (IGs) are above the law, they should raise the flag of Daesh instead of Pakistan's. A two-member bench headed by Justice Sheikh Azmat Saeed conducted the hearing of a case against commercial and gove

Published 15 Mar, 2016 12:00am

THE RUPEE: little changes

Currency

THE RUPEE: little changes

The rupee moved cautiously against the dollar on the money market Monday on in the process of trade, dealers said. The rupee shed one paisa versus the dollar for buying Rs 104.67 and the national currency was also down by two paisas for selling at Rs 104.

Published 15 Mar, 2016 12:00am

Operation in Fata: CoAS underscores need for protecting, preserving gains

Operation in Fata: CoAS underscores need for protecting, preserving gains

Chief of Army Staff General Raheel Sharif on Monday said that as we move towards conclusion of a large-scale kinetic operation in FATA, there is a need to look ahead and consolidate gains for a long term. Addressing a Corps Commanders Conference held at G

Published 15 Mar, 2016 12:00am

THE RUPEE: little changes

Currency

THE RUPEE: little changes

The rupee moved cautiously against the dollar on the money market Monday on in the process of trade, dealers said. The rupee shed one paisa versus the dollar for buying Rs 104.67 and the national currency was also down by two paisas for selling at Rs 104.

Published 15 Mar, 2016 12:00am

Operation in Fata: CoAS underscores need for protecting, preserving gains

Operation in Fata: CoAS underscores need for protecting, preserving gains

Chief of Army Staff General Raheel Sharif on Monday said that as we move towards conclusion of a large-scale kinetic operation in FATA, there is a need to look ahead and consolidate gains for a long term. Addressing a Corps Commanders Conference held at G

Published 15 Mar, 2016 12:00am

Kerb buying and selling rate of US dollar

Kerb

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Monday (March 14, 2016).

Published 15 Mar, 2016 12:00am

Turki criticises Obama for 'Iran pivot'

Turki criticises Obama for 'Iran pivot'

A senior Saudi royal has criticised President Barack Obama for comments accusing the long-time US ally of feeding Middle East conflicts. Saudi Arabia, the world's top oil exporter, has long been a major ally of the United States but the relationship has d

Published 15 Mar, 2016 12:00am

Dollar's rate in interbank market

Dollar's rate in interbank market

Interbank closing rates for dollar on Monday (March 14, 2016).

Published 15 Mar, 2016 12:00am

Turki criticises Obama for 'Iran pivot'

Turki criticises Obama for 'Iran pivot'

A senior Saudi royal has criticised President Barack Obama for comments accusing the long-time US ally of feeding Middle East conflicts. Saudi Arabia, the world's top oil exporter, has long been a major ally of the United States but the relationship has d

Published 15 Mar, 2016 12:00am

Shipping Intelligence

Shipping Intelligence

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

Published 15 Mar, 2016 12:00am

Women protection law: Fazl meets Prime Minister

Exchange

Women protection law: Fazl meets Prime Minister

Chief of his own faction of Jamiat-e-Ulema-Islam Maulana Fazl-ur-Rehman met Prime Minister Nawaz Sharif on Monday and discussed with him Women's Protection Bill adopted by the provincial assembly of the Punjab. During the meeting, various matters of mutua

Published 15 Mar, 2016 12:00am

Shipping Intelligence

Shipping Intelligence

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

Published 15 Mar, 2016 12:00am

Women protection law: Fazl meets Prime Minister

Exchange

Women protection law: Fazl meets Prime Minister

Chief of his own faction of Jamiat-e-Ulema-Islam Maulana Fazl-ur-Rehman met Prime Minister Nawaz Sharif on Monday and discussed with him Women's Protection Bill adopted by the provincial assembly of the Punjab. During the meeting, various matters of mutua

Published 15 Mar, 2016 12:00am

Pakistan Economic Indicators

Kerb

Pakistan Economic Indicators

Pakistan Economic Indicators - March 14, 2016.

Published 15 Mar, 2016 12:00am

Rousseff in survival mode after historic Brazil protests

Rousseff in survival mode after historic Brazil protests

Brazil's leftist President Dilma Rousseff huddled with cabinet ministers Monday after mass demonstrations calling for her resignation pushed Latin America's biggest country further into crisis. Rousseff made no comment after her meeting in the capital Bra

Published 15 Mar, 2016 12:00am

State Bank statement of affairs

Exchange

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 4th March, 2016.

Published 15 Mar, 2016 12:00am

Government contacts Merchant to address reservations

Government contacts Merchant to address reservations

Following the directives of Interior Minister Chaudhry Nisar Ali Khan, head of inquiry committee constituted to probe allegations levelled by Sarfraz Merchant against the MQM senior leadership for alleged links with RAW and money laundering, contacted Mer

Published 15 Mar, 2016 12:00am

State Bank statement of affairs

Exchange

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 4th March, 2016.

Published 15 Mar, 2016 12:00am

Government contacts Merchant to address reservations

Government contacts Merchant to address reservations

Following the directives of Interior Minister Chaudhry Nisar Ali Khan, head of inquiry committee constituted to probe allegations levelled by Sarfraz Merchant against the MQM senior leadership for alleged links with RAW and money laundering, contacted Mer

Published 15 Mar, 2016 12:00am

Pakistan Mercantile Exchange - PMEX

Exchange

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Monday (March 14, 2016).

Published 15 Mar, 2016 12:00am

Circular debt: PAC to examine audit report on Rs 480 billion irregular payment

Circular debt: PAC to examine audit report on Rs 480 billion irregular payment

The Public Accounts Committee (PAC) has convened a joint meeting Wednesday to examine the special audit report on irregular payment of Rs 480 billion for the retirement of circular debt on 29 June 2013. In February 2016, PAC termed the payment of Rs 342 b

Published 15 Mar, 2016 12:00am

Grain market rates

Cotton

Grain market rates

Karachi grain market rates in rupees on Monday (March 14, 2016).

Published 15 Mar, 2016 12:00am

Circular debt: PAC to examine audit report on Rs 480 billion irregular payment

Circular debt: PAC to examine audit report on Rs 480 billion irregular payment

The Public Accounts Committee (PAC) has convened a joint meeting Wednesday to examine the special audit report on irregular payment of Rs 480 billion for the retirement of circular debt on 29 June 2013. In February 2016, PAC termed the payment of Rs 342 b

Published 15 Mar, 2016 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 (March 14, 2016).

Published 15 Mar, 2016 12:00am

Circular debt: PAC to examine audit report on Rs 480 billion irregular payment

Circular debt: PAC to examine audit report on Rs 480 billion irregular payment

The Public Accounts Committee (PAC) has convened a joint meeting Wednesday to examine the special audit report on irregular payment of Rs 480 billion for the retirement of circular debt on 29 June 2013. In February 2016, PAC termed the payment of Rs 342 b

Published 15 Mar, 2016 12:00am

Lahore Paper Market Rates

Lahore Paper Market Rates

Paper market rates in rupees on Monday (March 14, 2016).

Published 15 Mar, 2016 12:00am

Musharraf's treatment abroad: Supreme Court to take up petition today

Musharraf's treatment abroad: Supreme Court to take up petition today

A three-member bench led by the Chief Justice Anwar Zaheer Jamali and comprising Justice Amir Hani Muslim and Justice Khiliji Arif Hussain will take up the petition of Musharraf today (Tuesday) through which he sought a one-time overseas visit for treatme

Published 15 Mar, 2016 12:00am

Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (March 14, 2016)

Published 15 Mar, 2016 12:00am

Musharraf's treatment abroad: Supreme Court to take up petition today

Musharraf's treatment abroad: Supreme Court to take up petition today

A three-member bench led by the Chief Justice Anwar Zaheer Jamali and comprising Justice Amir Hani Muslim and Justice Khiliji Arif Hussain will take up the petition of Musharraf today (Tuesday) through which he sought a one-time overseas visit for treatme

Published 15 Mar, 2016 12:00am

Faisalabad yarn and fibre prices

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Monday (March 14, 2016).

Published 15 Mar, 2016 12:00am

Imran Farooq murder case: suspects can attempt to commit suicide: Jail Superintendent

Imran Farooq murder case: suspects can attempt to commit suicide: Jail Superintendent

The Adiyala Jail Superintendent on Monday informed the Anti-Terrorism Court (ATC) that Khalid Shamim and Mohsin Ali, the accused in Muttahida Qaumi Movement (MQM) leader Dr Imran Farooq's murder, could attempt suicide because of mental stress.

Published 15 Mar, 2016 12:00am

Faisalabad yarn and fibre prices

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Monday (March 14, 2016).

Published 15 Mar, 2016 12:00am

Imran Farooq murder case: suspects can attempt to commit suicide: Jail Superintendent

Imran Farooq murder case: suspects can attempt to commit suicide: Jail Superintendent

The Adiyala Jail Superintendent on Monday informed the Anti-Terrorism Court (ATC) that Khalid Shamim and Mohsin Ali, the accused in Muttahida Qaumi Movement (MQM) leader Dr Imran Farooq's murder, could attempt suicide because of mental stress.

Published 15 Mar, 2016 12:00am

Karachi Yarn Market Rate

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Monday (March 14, 2016).

Published 15 Mar, 2016 12:00am

Iran says US court order on 9/11 compensation 'ridiculous'

Iran says US court order on 9/11 compensation 'ridiculous'

Iran on Monday rejected as "ridiculous" a US court ruling that the Islamic republic pay more than $10 billion in compensation over the al Qaeda-claimed 9/11 attacks. A New York court last week ordered Tehran to pay $7.5 billion to victims of the September

Published 15 Mar, 2016 12:00am

Karachi Yarn Market Rate

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Monday (March 14, 2016).

Published 15 Mar, 2016 12:00am

Iran says US court order on 9/11 compensation 'ridiculous'

Iran says US court order on 9/11 compensation 'ridiculous'

Iran on Monday rejected as "ridiculous" a US court ruling that the Islamic republic pay more than $10 billion in compensation over the al Qaeda-claimed 9/11 attacks. A New York court last week ordered Tehran to pay $7.5 billion to victims of the September

Published 15 Mar, 2016 12:00am

Cotton Spot Rates

Cotton Spot Rates

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

Published 15 Mar, 2016 12:00am

Nandipur project: top firm yet to finalise audit

Nandipur project: top firm yet to finalise audit

The country's top accountant firm M/s AF Ferguson & Co has yet to finalise the commercial audit of the Nandipur Power Project despite the passage of six months, well informed sources told Business Recorder. However, the relevant government official

Published 15 Mar, 2016 12:00am

LME official prices

Exchange

LME official prices

The following were Friday official prices.

Published 15 Mar, 2016 12:00am

Nandipur project: top firm yet to finalise audit

Nandipur project: top firm yet to finalise audit

The country's top accountant firm M/s AF Ferguson & Co has yet to finalise the commercial audit of the Nandipur Power Project despite the passage of six months, well informed sources told Business Recorder. However, the relevant government official

Published 15 Mar, 2016 12:00am

LME official prices

Exchange

LME official prices

The following were Friday official prices.

Published 15 Mar, 2016 12:00am

Nandipur project: top firm yet to finalise audit

Nandipur project: top firm yet to finalise audit

The country''s top accountant firm M/s AF Ferguson & Co has yet to finalise the commercial audit of the Nandipur Power Project despite the passage of six months, well informed sources told Business Recorder. However, the relevant government officia

Published 15 Mar, 2016 12:00am

Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (March 14, 2016).

Published 15 Mar, 2016 12:00am

PSM BoD barred from holding meeting

PSM BoD barred from holding meeting

Privatisation Commission (PC) has reportedly barred Pakistan Steel Mills (PSM) Board of Directors (BoD) from holding meeting until audit of employees is conducted; well informed sources in PSM told Business Recorder from Karachi. PSM had convened a

Published 15 Mar, 2016 12:00am

The Weather

The Weather

The weather report on Monday (March 14, 2016) and the forecast for Tuesday (March 15, 2016).

Published 15 Mar, 2016 12:00am

PSM BoD barred from holding meeting

PSM BoD barred from holding meeting

Privatisation Commission (PC) has reportedly barred Pakistan Steel Mills (PSM) Board of Directors (BoD) from holding meeting until audit of employees is conducted; well informed sources in PSM told Business Recorder from Karachi. PSM had convened a

Published 15 Mar, 2016 12:00am

PSM BoD barred from holding meeting

PSM BoD barred from holding meeting

Privatisation Commission (PC) has reportedly barred Pakistan Steel Mills (PSM) Board of Directors (BoD) from holding meeting until audit of employees is conducted; well informed sources in PSM told Business Recorder from Karachi. PSM had convened a

Published 15 Mar, 2016 12:00am

The unconventional methods

The unconventional methods

The International Monetary Fund (IMF) has endorsed unconventional monetary policies of European and Japanese central banks though the emerging markets, particularly the Governor of the State Bank of India, warned that such policies are increasing the cost

Published 15 Mar, 2016 12:00am

War and peace in Syria

War and peace in Syria

The second round of the UN-brokered peace process in Syria opening this week in Geneva stands almost subverted already. On the eve of talks, Foreign Minister Walid al-Muallem had the audacity to say that "We will not talk with anyone who wants to discuss

Published 15 Mar, 2016 12:00am

Dark shades of governance

Dark shades of governance

As time passes, the world becomes a bigger mess. Rising human population was bound to escalate demand for everything, but managing demand and the related environmental issues remains the continuing failure of governments everywhere, escalating global pove

Published 15 Mar, 2016 12:00am

Syria war begins sixth year as US, Russia pull the strings

Syria war begins sixth year as US, Russia pull the strings

The United States and Russia are pulling the strings in Syria's five-year war, experts say, pressuring opposing sides and leveraging rival regional powers to reach a settlement. As the conflict enters its sixth year, the embattled regime and fractured opp

Published 15 Mar, 2016 12:00am

Right-wing populist AfD shakes up German political landscape

Right-wing populist AfD shakes up German political landscape

The success of the anti-migrant AfD marks a turning point for Germany's usually stable and consensus-driven politics - the rise of right-wing populists at the expense of old mainstream parties. The accelerated splintering of the political landscape furthe

Published 15 Mar, 2016 12:00am

'Unreasonable behaviour'

'Unreasonable behaviour'

This is apropos a letter 'Unreasonable behaviour' carried in these columns. Islamabad therefore would be wise to opt for an alternative venue. As regards cooperation to fight terrorism, actions speak louder than words. Pakistan has been making genuine eff

Published 15 Mar, 2016 12:00am

KCA to hold cotton moot

Cotton

KCA to hold cotton moot

A news item appeared in Business Recorder on March 11, says that the Karachi Cotton Association (KCA) is going to hold a cotton moot on the 15th March on cotton crop failure in 2015-16. All the agencies that are concerned with cotton industry are i

Published 15 Mar, 2016 12:00am

Oil falls as worry over growing stockpile cuts short rally

Oil falls as worry over growing stockpile cuts short rally

Oil prices fell about 3 percent on Monday on concerns that a six-week market recovery has gone beyond fundamentals as US crude stockpiles continue to build and Iran maintains little interest in joining major producers in freezing production. Crude invento

Published 15 Mar, 2016 12:00am

Hedge funds step up bets on commodity market revival

Hedge funds step up bets on commodity market revival

After deserting commodities markets during last year's slide, some hedge funds are starting to move back in, betting a recent pick-up in energy prices could signal a turning point. A handful of managers are weighing up new specialist hedge funds, industry

Published 15 Mar, 2016 12:00am

Hedge funds step up bets on commodity market revival

Hedge funds step up bets on commodity market revival

After deserting commodities markets during last year's slide, some hedge funds are starting to move back in, betting a recent pick-up in energy prices could signal a turning point. A handful of managers are weighing up new specialist hedge funds, industry

Published 15 Mar, 2016 12:00am

Government accords high importance to CPEC: minister

Government accords high importance to CPEC: minister

Minister for Water and Power Khawaja Asif said on Monday that the Government accords high importance to the China Pakistan Economic Corridor (CPEC) which will give a major relief to the power sector of Pakistan. Presided over a meeting of PPIB Board, he s

Published 15 Mar, 2016 12:00am

Martyred cops: Punjab government gives Rs 17 million compensation

Martyred cops: Punjab government gives Rs 17 million compensation

Punjab government has granted Rs 17 million compensation to three martyred cops of the Punjab Highway Police, who were killed in a "terrorist attack". In this connection, a special ceremony was held at Police Lines on Monday, in which Punjab Law Minister

Published 15 Mar, 2016 12:00am

Siraj castigates government policies

Siraj castigates government policies

Chief of Jamaat-e-Islami Senator Sirajul Haq, has said that the people nursed by dictatorship could not deliver democracy. Talking to a delegation of the JUI (F) Sindh at Mansoora, he said that most of the faces in so-called political parties were the sam

Published 15 Mar, 2016 12:00am

Punjab government, WWF-P agree to support action on climate change

Punjab government, WWF-P agree to support action on climate change

The WWF-Pakistan and the Punjab government held a pledge-signing ceremony on Monday at the Punjab Assembly to demonstrate their mutual support for action on climate change and take strong steps towards a low-carbon, sustainable future.

Published 15 Mar, 2016 12:00am

Ghazi Rashid case: Musharraf's counsel granted 3 days

Ghazi Rashid case: Musharraf's counsel granted 3 days

The Islamabad High Court (IHC) Monday granted three days to former army chief and president Pervez Musharraf for submitting documents in the Lal Mosque cleric Ghazi Abdul Rasheed murder case. Appearing before a single member bench of Justice Aamir Farooq

Published 15 Mar, 2016 12:00am

PTI will never be part of alliance of PML-N and PPP: Sarwar

PTI will never be part of alliance of PML-N and PPP: Sarwar

The Punjab-based Pakistan Tehreek-e-Insaf's presidential candidate has made it clear that his party will never be a part of any alliance of the governing and Pakistan People's parties because they pursue "anti-people policies". The so-called "clarificatio

Published 15 Mar, 2016 12:00am

Efficient judicial system a must for ensuring rule of law: DG FJA

Efficient judicial system a must for ensuring rule of law: DG FJA

The Director General, Federal Judicial Academy (FJA), Fakhar Hayat, has said that an effective and efficient justice system is critical for the maintenance of the rule of law. Mention must also be made of the important role that prosecutors are assigned t

Published 15 Mar, 2016 12:00am

PML-Q Lahore discusses party's reorganisation

PML-Q Lahore discusses party's reorganisation

A meeting of Lahore's Pakistan Muslim League-Quaid-e-Azam chaired by party Central Information Secretary Senator Kamil Ali Agha took place at the Muslim League House on Monday to talk about the party's re-organisational matters. Secretary Agha told his au

Published 15 Mar, 2016 12:00am

Under-declarations of property: FBR to establish liaison with E&T departments to remove anomaly

Under-declarations of property: FBR to establish liaison with E&T departments to remove anomaly

The Federal Board of Revenue (FBR) will establish liaison with provincial excise and taxation departments to remove a major anomaly on under-declarations of immovable property rates (registry documents) when compared with declared value in the wealth stat

Published 15 Mar, 2016 12:00am

PPP MPA gives tough time to JI

PPP MPA gives tough time to JI

PPP MPA from Dir Upper, Sahibzada Sanaullah gave tough time to Jamaat-e-Islami (JI), coalition partner in Khyber Pakhtunkhwa government for second consecutive day in the provincial and accused it nepotism and favouritism in the distribution of relief good

Published 15 Mar, 2016 12:00am

VTCS: FBR likely to extend date till March 31

VTCS: FBR likely to extend date till March 31

The Federal Board of Revenue (FBR) is likely to extend date for availing Voluntary Tax Compliance Scheme (VTCS) for traders till March 31, 2016. The concessionary rate of 0.4 percent Withholding Tax on banking transactions of non-filers may not be changed

Published 15 Mar, 2016 12:00am

JI announces names of new Shoora

JI announces names of new Shoora

Jamaat-e-Islami on Monday announced the names of its central Majlis-e-Shoora elected for three-year term. The announcement was made by the JI Election Commission chief, Asadullah Bhutto, at a news conference at Lahore Press Club.

Published 15 Mar, 2016 12:00am

PAD advisory

PAD advisory

The Punjab Agriculture Department (PAD) has advised farmers to remove weeds from their field because they can cause 20 to 45 percent reduction in per acre yield of spring crops, such as maize, sunflower or sugarcane. The advisory has urged them to keep th

Published 15 Mar, 2016 12:00am

Dasu Hydropower Project - Stage 1: Pre-bid meeting held for main civil works

Currency

Dasu Hydropower Project - Stage 1: Pre-bid meeting held for main civil works

The Pakistan Water and Power Development Authority (WAPDA) held the first pre-bid meeting at WAPDA House today for Main Civil Works of the Stage-I of Dasu Hydropower Project. Main Civil Works consist of MW-01 Dam and its appurtenant structures and MW-02 U

Published 15 Mar, 2016 12:00am

Call to end power Loadshedding

Call to end power Loadshedding

Zonal Chairman of Pakistan Yarn Merchants Association, Sheikh Muhammad Qasim has demanded the authority concerned to end electricity loadshedding as catchments areas received heavy rains, resultantly unprecedented increase in water in the rivers was witne

Published 15 Mar, 2016 12:00am

Partly Facetious: What did Afridi say?

Partly Facetious: What did Afridi say?

"Afridi says that our cricket team gets more love from the Indian public than in Pakistan."

Published 15 Mar, 2016 12:00am

Mamnoon condemns Ankara blast

Mamnoon condemns Ankara blast

President Mamnoon Hussain has strongly condemned the bomb blast in Ankara, Turkey and expressed profound grief and sorrow over the loss of precious lives in the tragic incident. In his condolence message, the President stated that the people and the Gover

Published 15 Mar, 2016 12:00am

Clarification

Clarification

With reference to the article titled "Thar Coal Power Project: Civil work comes to a halt" published in Business Recorder on 12th March 2016, in which Shamsuddin Shaikh CEO Sindh Engro Coal Mining Company (SECMC) was misquoted stating "there was a

Published 15 Mar, 2016 12:00am

Correction

Correction

BASF Chemicals & Polymers Pakistan Private Limited issued a press release titled 'BASF Crop Protection Pipeline valued at €3 billion' which was carried by Business Recorder on Thursday, March 10, 2016. Erroneously, in the first paragraph the global

Published 15 Mar, 2016 12:00am

Drive against illegal weapons to be launched next month: AIGP

Drive against illegal weapons to be launched next month: AIGP

Additional Inspector General of Sindh Police, Musthaq Mahar, said here on Monday that the police department with a view to curbing the menace of cell phone snatching cases was developing software for biometric registration of cellular phones. He also anno

Published 15 Mar, 2016 12:00am

Textile exports: Prime Minister appealed to provide zero-rating facility from April 1

Textile exports: Prime Minister appealed to provide zero-rating facility from April 1

Pakistan Hosiery Manufacturers Exporters Association (PHMA) has appealed to Prime Minister Nawaz Sharif to provide the zero-rating facility for textile exports from April 1 instead of from July, 2016. It is pertinent to mention here that the prime ministe

Published 15 Mar, 2016 12:00am

Sindh government urged to fix wheat support price

Sindh government urged to fix wheat support price

The office bearers of Sindh Growers Alliance (SGA) has protested against the Sindh government for not setting up wheat procurement cell and fixing Rs 1400 support price per maund. The protest was held outside Hyderabad Press Club (HPC) on Monday where a l

Published 15 Mar, 2016 12:00am

Raza Haroon joins Kamal's camp, criticises Altaf

Raza Haroon joins Kamal's camp, criticises Altaf

Former leader of Mutahhida Qaumi Movement Raza Haroon on Monday joined Mutafa Kamal's camp, supporting the stance of former mayor against MQM chief Altaf Hussain. Flanked by Mustafa Kamal and Anis Qaimkhani in DHA at a news conference Haroon criticised Al

Published 15 Mar, 2016 12:00am

New Sindh IGP assumes charge

New Sindh IGP assumes charge

The newly-appointed Inspector General of Police (IGP) Sindh A. D. Khawaja assumed charge of his office at Central Police Office in Karachi, where he chaired a meeting. The meeting was also attended by DIG Establishment Muzaffar Sheikh, DIG T&T Imran Yaqoo

Published 15 Mar, 2016 12:00am

Shoro urges courts to lift ban on land allotment

Shoro urges courts to lift ban on land allotment

Sindh Minister for Local Governments Jam Khan Shoro has urged the courts to lift the ban on land allotment, which causes high illegal settlements particularly in Karachi. Speaking at a meeting with builders at Association of Builders and Developers (Abad)

Published 15 Mar, 2016 12:00am

Jewellery shop at Tariq Road looted

Jewellery shop at Tariq Road looted

Unidentified armed men on Monday robbed a jewellery shop located at one of the city's busiest commercial markets - Tariq Road in the limits of Firozabad police station. SHO Ferozabad police station Javaid Butt told Business Recorder that the incide

Published 15 Mar, 2016 12:00am

PTCL celebrates International Women's Day

PTCL celebrates International Women's Day

Pakistan Telecommunication Company Limited (PTCL) has organised a seminar on the International Women's Day to celebrate the contribution of women in general and female PTCL employees in particular, towards making the world a better place. The theme of the

Published 15 Mar, 2016 12:00am

Adamjee Insurance Company Limited

Adamjee Insurance Company Limited

Adamjee Insurance Company Limited (KSE: AICL) is the second largest player in Pakistan's non-life insurance sector and one of the six insurers that make the KSE-100 list. In terms of premium revenue and profits, only EFU General surpasses AICL. The to

Published 15 Mar, 2016 12:00am

Adamjee Insurance Company Limited

Adamjee Insurance Company Limited

Adamjee Insurance Company Limited (KSE: AICL) is the second largest player in Pakistan's non-life insurance sector and one of the six insurers that make the KSE-100 list. In terms of premium revenue and profits, only EFU General surpasses AICL. The to

Published 15 Mar, 2016 12:00am

Amtrak train derails in Kansas, 32 hurt

Amtrak train derails in Kansas, 32 hurt

Seven cars on a Chicago-bound Amtrak passenger train derailed in south-western Kansas early on Monday, injuring 32 people, officials said. The coaches from Amtrak's' Southwest Chief Train 4 travelling from Los Angeles to Chicago derailed about 20 miles (3

Published 15 Mar, 2016 12:00am

Iran missile tests don't breach nuclear deal: EU

Iran missile tests don't breach nuclear deal: EU

Iran's recent ballistic missile tests are not in violation of its nuclear deal and the European Union is not considering sanctions at this stage, EU foreign policy chief Federica Mogherini said Monday. Mogherini however warned that last week's missile tes

Published 15 Mar, 2016 12:00am

EU agrees to stand firm against Russia

EU agrees to stand firm against Russia

The European Union must stand up to Russia to defend core political and security interests but can still try to find common cause on issues such as the Syrian conflict, the bloc's foreign ministers said Monday. The ministers gathered in Brussels for a reg

Published 15 Mar, 2016 12:00am

Three Palestinians shot dead

Three Palestinians shot dead

Three Palestinians carried out back-to-back gun and car-ramming attacks on Israelis near a Jewish settlement in the occupied West Bank on Monday and were shot dead by the army, it said. Two of the Palestinians, armed with a handgun and an improvised machi

Published 15 Mar, 2016 12:00am

Serbia finds US-bound guided missiles on flight from Beirut

Serbia finds US-bound guided missiles on flight from Beirut

Serbian authorities found two US-made guided missiles that arrived on a civil flight from Lebanon and were bound for the United States, a source at the prosecutor's office said on Monday. The Lebanese army said the Hellfire missiles were training models,

Published 15 Mar, 2016 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 15	281.68
USD PKR Interbank Buying / May 15	281.43
USD to Japanese Yen / May 15	145.80
USD to Swiss Franc / May 15	0.84
Pound Sterling to USD / May 15	1.33
Euro to USD / May 15	1.12
UK LIBOR % / May 14	4.96

Stock	Volume
S&P 500 / May 14	5,892.58
Nasdaq / May 14	19,146.81
Dow Jones / May 14	42,051.06
India Sensex / May 15	80,937.53
Tokyo Nikkei / May 15	37,755.51
Hang Seng / May 15	23,453.16
FTSE 100 / May 15	8,561.58
Germany DAX 30 / May 15	23,462.44
France CAC40 / May 15	7,814.71

Item	Value
Karachi Cotton PKR/37.32 KG / May 14	16,985
Gold 10 Grams PKR / May 14	293,124
Petrol/Litre / May 15	252.63
Crude Oil USD/Barrel / May 15	60.66
Gold Spot USD/Ounce / May 15	3,162.99
Diesel/Litre / May 15	256.64
Cotton US¢/pound / May 15	65.21

Gainers
Losers
Leaders

Stock	Price
Cres.Star Ins. / May 15 Crescent Star Insurance Limited(CSIL)	3.02 ▲ 0.41 (15.71%)
Parmount Sp. / May 15 Paramount Spinning Mills Limited(PASM)	3.70 ▲ 0.46 (14.2%)
Ghani Chemworld / May 15 Ghani Chemworld Limited(GCWL)	9.14 ▲ 1 (12.29%)
S.G.Power / May 15 S.G. Power Limited(SGPL)	8.65 ▲ 0.94 (12.19%)
Premier Insurance / May 15 Premier Insurance Limited(PINL)	5.83 ▲ 0.63 (12.12%)
Dewan Mushtaq / May 15 Dewan Mushtaq Textile Mills Limited(DMTM)	9.83 ▲ 1 (11.33%)
Hala Enterprise / May 15 Hala Enterprises Limited(HAEL)	13.26 ▲ 1.21 (10.04%)
P.T.C.L. / May 15 Pakistan Telecommunication Company Ltd(PTC)	22.06 ▲ 2.01 (10.02%)
Flying Cement / May 15 Flying Cement Company Limited(FLYNG)	49.46 ▲ 4.5 (10.01%)
Octopus Digital / May 15 Octopus Digital Limited(OCTOPUS)	52.09 ▲ 4.74 (10.01%)

Stock	Price
Olympia Mills / May 15 Olympia Mills Limited(OML)	50.47 ▼ -5.06 (-9.11%)
Hussain Industries / May 15 Husein Industries Limited(HUSI)	26.65 ▼ -2.64 (-9.01%)
Apna Microfin. / May 15 Apna Microfinance Bank Limited(AMBL)	10.04 ▼ -0.91 (-8.31%)
Askari Life Assur. / May 15 Askari Life Assurance Company Limited(ALAC)	4.63 ▼ -0.35 (-7.03%)
Imperial Limited / May 15 Imperial Limited(IML)	16.52 ▼ -1.23 (-6.93%)
B. F. Mod. / May 15 B.F. Modaraba(BFMOD)	8.73 ▼ -0.61 (-6.53%)
Punjab Oil / May 15 Punjab Oil Mills Limited(POML)	186.82 ▼ -11.54 (-5.82%)
Equity Modaraba / May 15 First Equity Modaraba(FEM)	2.85 ▼ -0.16 (-5.32%)
Pakgen Power / May 15 Pakgen Power Limited(PKGP)	114.14 ▼ -6.39 (-5.3%)
Ashfaq Textile / May 15 Ashfaq Textile Mills Limited(ASHT)	12.34 ▼ -0.68 (-5.22%)

Stock	Volume
Pak Refinery / May 15 Pakistan Refinery Limited(PRL)	50,818,876 ▲ 2.68
Cnergyico PK / May 15 Cnergyico PK Limited(CNERGY)	47,570,881 ▲ 0.48
K-Electric Ltd. / May 15 K-Electric Limited(KEL)	40,246,546 ▲ 0.16
Kohinoor Spining / May 15 Kohinoor Spinning Mills Limited(KOSM)	32,888,417 ▲ 0.18
At-Tahur Ltd. / May 15 At-Tahur Limited(PREMA)	29,667,657 ▲ 4.48
Sui South Gas / May 15 Sui Southern Gas Company Limited(SSGC)	25,344,612 ▲ 0.91
Waves Corporation / May 15 Waves Corporation Limited(WAVES)	21,773,148 ▲ 0.29
Pak Petroleum / May 15 Pakistan Petroleum Limited(PPL)	16,962,449 ▲ 3.34
B.O.Punjab / May 15 The Bank of Punjab(BOP)	16,957,410 ▲ 0.15
WorldCall Telecom / May 15 Worldcall Telecom Limited(WTL)	16,572,822 ▲ 0.03

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Hike in prices of petrol, diesel likely

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Pakistan, India talks in Saudi Arabia likely

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Amendments to net-metering rules: Power Div. set to resubmit its proposal to ECC

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Pakistan’s economy pulled off ‘macroeconomic miracle’ in past two years: Barron’s

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Meeting scheduled for 15-16th: PD to brief IMF on CDMP, subsidy and carbon levy law

Meeting scheduled for 15-16th: PD to brief IMF on CDMP, subsidy and carbon levy law

KSE-100 Index gains over 1% to close all-time high

KSE-100 Index gains over 1% to close all-time high

Gold price per tola falls Rs2,300 in Pakistan

Gold price per tola falls Rs2,300 in Pakistan

PM Shehbaz sets up panel for petroleum sector reforms

PM Shehbaz sets up panel for petroleum sector reforms

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