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Dec 22, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-04-16
PTA seeks input on proposed Mobilink-Warid merger

PTA seeks input on proposed Mobilink-Warid merger

Pakistan Telecommunication Authority (PTA) has sought input of all telecom consumers, stakeholders, interested/affected persons and general public on the proposed Mobilink-Warid merger. According to the PTA notice, the entire above mentioned can provide t
Published 16 Apr, 2016 12:00am
ICE cotton snaps five-day gains on weak US export sales report
Cotton

ICE cotton snaps five-day gains on weak US export sales report

Cotton futures fell from over two-month highs on Thursday, halting five days of gains, on a weak US export sales report. Sales of upland cotton totalled 84,600 running bales for the week ended April 7, down 60 percent from the previous week, government da
Published 16 Apr, 2016 12:00am
China March coal output dips 4.5 percent

China March coal output dips 4.5 percent

China produced 294 million tonnes of coal in March, down 4.5 percent from a year ago amid state-led efforts to restrict production and tackle a supply glut. Chinese coal output over the first quarter reached 811.27 million tonnes, down 5.3 percent on the
Published 16 Apr, 2016 12:00am
Shanghai copper targets 37,780 yuan

Shanghai copper targets 37,780 yuan

Shanghai copper is poised to break a resistance at 37,370 yuan per tonne and rise further towards the next resistance at 37,780 yuan. These resistances are identified respectively as the 50 percent and the 61.8 percent Fibonacci retracements on the fall f
Published 16 Apr, 2016 12:00am
Copper slumps on worries over longevity of Chinese stimulus
Exchange

Copper slumps on worries over longevity of Chinese stimulus

Copper fell on Friday after strong Chinese economic data raised fears that government stimulus programmes in the top metals consumer are not sustainable, and as the market also looked ahead to a key meeting of oil producers. China posted its slowest econo
Published 16 Apr, 2016 12:00am
Tokyo rubber slides on profit-taking
Exchange

Tokyo rubber slides on profit-taking

Benchmark Tokyo rubber futures fell Friday, pressured by profit-taking ahead of an oil producers' meeting on Sunday, but set for a weekly gain of more than 7 percent. Futures rose to a near 8-month high this week on hopes of a pickup in China's demand. To
Published 16 Apr, 2016 12:00am
Soy falls from eight-month top on profit-taking

Soy falls from eight-month top on profit-taking

US soybean futures fell nearly 1 percent on Thursday on profit-taking and softening cash markets following a four-session advance that lifted the spot May contract to an eight-month high, traders said. Wheat futures ended lower one day after setting a one
Published 16 Apr, 2016 12:00am
Palm oil prices head for second week of losses
Exchange

Palm oil prices head for second week of losses

Malaysian palm oil futures fell on Friday, a fourth market session of falls this week, weighed down by declining rival oils and expectations of higher output in April. They have fallen 0.9 percent so far this week, on track for a second consecutive weekly
Published 16 Apr, 2016 12:00am
Sugar surges, modest whites delivery seen, cocoa firm

Sugar surges, modest whites delivery seen, cocoa firm

Raw sugar futures on ICE rallied four percent on Friday from over-sold positions in the biggest one-day rally in the benchmark contract since February 29, supported by an upwardly revised global deficit forecast. Cocoa was firm but gains were capped by a
Published 16 Apr, 2016 12:00am
Gold prices retreat in US trade

Gold prices retreat in US trade

Gold fell more than 1 percent on Thursday, as the dollar rose for the third day and world stocks climbed to 2016 highs, with uncertainty over the outlook for US monetary policy this year adding to volatility. Spot gold was down 1.3 percent at $1,226.06 an
Published 16 Apr, 2016 12:00am
Gold firms after three-day losing streak in Asian trade

Gold firms after three-day losing streak in Asian trade

Gold steadied on Friday after three days of declines, but was heading for its first weekly drop in three as strength in the dollar and global equities curbed appetite for the safe-haven metal. Bullion climbed to a three-week high on Tuesday but gave up th
Published 16 Apr, 2016 12:00am
Gold set for weekly drop on dollar and equities gains
Exchange

Gold set for weekly drop on dollar and equities gains

Gold steadied on Friday after three days of declines and was heading for its first weekly drop in three as a stronger dollar and higher equities kept investor interest in check. Bullion climbed to a three-week high on Tuesday, only to give up gains as wor
Published 16 Apr, 2016 12:00am
US MIDDAY: soyabean higher

US MIDDAY: soyabean higher

Chicago Board of Trade soybean futures on Friday traded near an eight-month high set a day earlier as buying driven by funds and technical factors continued to support the market, traders said. Traders say this week's gains in soybeans and corn have been
Published 16 Apr, 2016 12:00am
US MIDDAY: gold higher
Exchange

US MIDDAY: gold higher

Gold rose on Friday after three days of declines as the US dollar and major stock markets weakened, but bullion was headed for its first weekly drop in three. Bullion had climbed to a three-week high on Tuesday, only to give up gains as world stocks rose
Published 16 Apr, 2016 12:00am
Dar must hasten slowly!

Dar must hasten slowly!

In his write-up carried by Business Recorder on April 12, new openings are unveiled by Qaisar Mufti. The writer has suggested that there should be no fast move for a new company law. Citing current accounting curricula in our educational institutio
Published 16 Apr, 2016 12:00am
US considers supporting new UAE push against al Qaeda in Yemen

US considers supporting new UAE push against al Qaeda in Yemen

The United States is considering a request from the United Arab Emirates for military support to assist a new offensive in Yemen against al Qaeda's most dangerous affiliate, US officials tell Reuters. A US-backed military push by the Gulf ally could allow
Published 16 Apr, 2016 12:00am
Italy's Atlas fund struggles to stop sky falling on banks

Italy's Atlas fund struggles to stop sky falling on banks

Italy has dubbed its new bank bailout fund Atlas, after the mythical Greek titan, because it is meant to hold up the sky above the nation's lenders. But some of the fund's own investors doubt that it can do the job. The 5-6 billion euro ($5.7-6.8 billion)
Published 16 Apr, 2016 12:00am
The Weather

The Weather

The weather report on Friday (April 15, 2016) and the forecast for Saturday (April 16, 2016).

Published 16 Apr, 2016 12:00am
Intellectual and moral bankruptcy

Intellectual and moral bankruptcy

The unprecedented events of the last two weeks have unveiled some of the realities and brought forth where the nation stands in terms of patriotism, ethical and moral values of its political and religious leaders, the civil and judicial cadre of the natio
Published 16 Apr, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (April 15, 2016).

Published 16 Apr, 2016 12:00am
An unsavoury spectacle

An unsavoury spectacle

As the leaders of two major opposition parties in Parliament, PPP's Syed Khursheed Shah and PTI chief Imran Khan, had a duty to demand answers from the Prime Minister about the Panama Papers revelations regarding his children's involvement in offshore com
Published 16 Apr, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (April 15, 2016).

Published 16 Apr, 2016 12:00am
US must come clean on CPEC

US must come clean on CPEC

Of the very few international players hostile to the China Pakistan Economic Corridor India stands out as the most active. On day one, it expressed its hostility to this co-operative project, in so many words, and also set in motion its intelligence agenc
Published 16 Apr, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (April 15, 2016).

Published 16 Apr, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (April 15, 2016)

Published 16 Apr, 2016 12:00am
US official telephones Dar, expresses best wishes for Prime Minister

US official telephones Dar, expresses best wishes for Prime Minister

United States (US) Deputy Secretary of State, Tony Blinken, called the Finance Minister Senator Muhammad Ishaq Dar on telephone and expressed best wishes for Prime Minister Nawaz Sharif on behalf of Secretary of State, John Kerry. The Finance Minister tha
Published 16 Apr, 2016 12:00am
US official telephones Dar, expresses best wishes for Prime Minister

US official telephones Dar, expresses best wishes for Prime Minister

United States (US) Deputy Secretary of State, Tony Blinken, called the Finance Minister Senator Muhammad Ishaq Dar on telephone and expressed best wishes for Prime Minister Nawaz Sharif on behalf of Secretary of State, John Kerry. The Finance Minister tha
Published 16 Apr, 2016 12:00am
Government dismisses allegations

Government dismisses allegations

Pakistan on Friday dismissed the allegations levelled against its premier intelligence agency, ISI, for the 2009 bombing on a CIA base in Afghanistan in the recent US government declassified documents. "Allegations in the media on Pakistan's involvement w
Published 16 Apr, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (April 15, 2016).

Published 16 Apr, 2016 12:00am
Government dismisses allegations

Government dismisses allegations

Pakistan on Friday dismissed the allegations levelled against its premier intelligence agency, ISI, for the 2009 bombing on a CIA base in Afghanistan in the recent US government declassified documents. "Allegations in the media on Pakistan's involvement w
Published 16 Apr, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (April 15, 2016).

Published 16 Apr, 2016 12:00am
Declassified US document suggests Pakistani link to attack on CIA agents

Declassified US document suggests Pakistani link to attack on CIA agents

A Pakistani intelligence officer paid $200,000 to an extremist network to facilitate a deadly suicide bomb attack on CIA operatives at a base in Afghanistan in 2009, according to a declassified US government document obtained by an independent research gr
Published 16 Apr, 2016 12:00am
Declassified US document suggests Pakistani link to attack on CIA agents

Declassified US document suggests Pakistani link to attack on CIA agents

A Pakistani intelligence officer paid $200,000 to an extremist network to facilitate a deadly suicide bomb attack on CIA operatives at a base in Afghanistan in 2009, according to a declassified US government document obtained by an independent research gr
Published 16 Apr, 2016 12:00am
ECP removes asset details of MPs

ECP removes asset details of MPs

The Election Commission of Pakistan (ECP) has removed asset details of parliamentarians from its website following public criticism over offshore wealth of political leaders as revealed in the Panama Papers. Sources said the commission was facing intense
Published 16 Apr, 2016 12:00am
THE RUPEE: slight gains
Currency

THE RUPEE: slight gains

The rupee managed to move with little gains against the dollar on the money market on Friday in the process of trading, dealers said. The rupee picked up two paisas in relation to the dollar for buying and selling at Rs 104.70 and Rs 104.71 respectively.
Published 16 Apr, 2016 12:00am
ECP removes asset details of MPs

ECP removes asset details of MPs

The Election Commission of Pakistan (ECP) has removed asset details of parliamentarians from its website following public criticism over offshore wealth of political leaders as revealed in the Panama Papers. Sources said the commission was facing intense
Published 16 Apr, 2016 12:00am
THE RUPEE: slight gains
Currency

THE RUPEE: slight gains

The rupee managed to move with little gains against the dollar on the money market on Friday in the process of trading, dealers said. The rupee picked up two paisas in relation to the dollar for buying and selling at Rs 104.70 and Rs 104.71 respectively.
Published 16 Apr, 2016 12:00am
AGP working on proposed amendment in law
Exchange

AGP working on proposed amendment in law

Auditor General of Pakistan (AGP) has been working on a proposed amendment in its Ordinance 2001 relating to functions and powers of the AGP. Sources said these amendments were necessary in view of the statutory and constitutional developments over the ye
Published 16 Apr, 2016 12:00am
AGP working on proposed amendment in law
Exchange

AGP working on proposed amendment in law

Auditor General of Pakistan (AGP) has been working on a proposed amendment in its Ordinance 2001 relating to functions and powers of the AGP. Sources said these amendments were necessary in view of the statutory and constitutional developments over the ye
Published 16 Apr, 2016 12:00am
AGP working on proposed amendment in law
Exchange

AGP working on proposed amendment in law

Auditor General of Pakistan (AGP) has been working on a proposed amendment in its Ordinance 2001 relating to functions and powers of the AGP. Sources said these amendments were necessary in view of the statutory and constitutional developments over the ye
Published 16 Apr, 2016 12:00am
AGP working on proposed amendment in law
Exchange

AGP working on proposed amendment in law

Auditor General of Pakistan (AGP) has been working on a proposed amendment in its Ordinance 2001 relating to functions and powers of the AGP. Sources said these amendments were necessary in view of the statutory and constitutional developments over the ye
Published 16 Apr, 2016 12:00am
PTI not allowed to hold rally at F-9 Park

PTI not allowed to hold rally at F-9 Park

Islamabad Capital Territory (ICT) administration has refused to permit Pakistan Tehreek-e-Insaf (PTI) to hold a rally at F-9 Park on its foundation day. An official said that the Deputy Commissioner Islamabad has informed PTI that the administration would
Published 16 Apr, 2016 12:00am
PTI not allowed to hold rally at F-9 Park

PTI not allowed to hold rally at F-9 Park

Islamabad Capital Territory (ICT) administration has refused to permit Pakistan Tehreek-e-Insaf (PTI) to hold a rally at F-9 Park on its foundation day. An official said that the Deputy Commissioner Islamabad has informed PTI that the administration would
Published 16 Apr, 2016 12:00am
Global terrorists threat now 'more pervasive': Pakistan tells UNSC

Global terrorists threat now 'more pervasive': Pakistan tells UNSC

Warning that the global terrorist threat has become "more pervasive," Pakistan on Thursday called on the international community to join hands to combat the menace "urgently and effectively". Speaking in a UN Security Council debate on countering terroris
Published 16 Apr, 2016 12:00am
Global terrorists threat now 'more pervasive': Pakistan tells UNSC

Global terrorists threat now 'more pervasive': Pakistan tells UNSC

Warning that the global terrorist threat has become "more pervasive," Pakistan on Thursday called on the international community to join hands to combat the menace "urgently and effectively". Speaking in a UN Security Council debate on countering terroris
Published 16 Apr, 2016 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 16 Apr, 2016 12:00am
Pakistanis to take decision on Nawaz: US

Pakistanis to take decision on Nawaz: US

The US State Department spokesman John Kirby on Thursday said Pakistani people will have to decide whether the PM should resign over the allegations levelled against him in the Panama leaks. Addressing a news briefing in Washington, he said that "These ar
Published 16 Apr, 2016 12:00am
Pakistanis to take decision on Nawaz: US

Pakistanis to take decision on Nawaz: US

The US State Department spokesman John Kirby on Thursday said Pakistani people will have to decide whether the PM should resign over the allegations levelled against him in the Panama leaks. Addressing a news briefing in Washington, he said that "These ar
Published 16 Apr, 2016 12:00am
Government in contact with Swiss authorities: Dar

Government in contact with Swiss authorities: Dar

Finance Minister Ishaq Dar on Friday informed Senate that the government is in contact with Swiss authorities to get access to the money stashed in Swiss banks by Pakistanis. Speaking in Senate on the Panama leaks, he said the government has fully authori
Published 16 Apr, 2016 12:00am
Government in contact with Swiss authorities: Dar

Government in contact with Swiss authorities: Dar

Finance Minister Ishaq Dar on Friday informed Senate that the government is in contact with Swiss authorities to get access to the money stashed in Swiss banks by Pakistanis. Speaking in Senate on the Panama leaks, he said the government has fully authori
Published 16 Apr, 2016 12:00am
Government in contact with Swiss authorities: Dar

Government in contact with Swiss authorities: Dar

Finance Minister Ishaq Dar on Friday informed Senate that the government is in contact with Swiss authorities to get access to the money stashed in Swiss banks by Pakistanis. Speaking in Senate on the Panama leaks, he said the government has fully authori
Published 16 Apr, 2016 12:00am
Government in contact with Swiss authorities: Dar

Government in contact with Swiss authorities: Dar

Finance Minister Ishaq Dar on Friday informed Senate that the government is in contact with Swiss authorities to get access to the money stashed in Swiss banks by Pakistanis. Speaking in Senate on the Panama leaks, he said the government has fully authori
Published 16 Apr, 2016 12:00am
'AZ not meeting NS'

'AZ not meeting NS'

Pakistan People's Party (PPP) chairperson Bilawal Bhutto Zardari on Friday took to Twitter to silence rumours about a possible meeting between former president Asif Ali Zardari and Prime Minister Nawaz Sharif in London. "AZ is not meeting NS," Bilawal twe
Published 16 Apr, 2016 12:00am
'AZ not meeting NS'

'AZ not meeting NS'

Pakistan People's Party (PPP) chairperson Bilawal Bhutto Zardari on Friday took to Twitter to silence rumours about a possible meeting between former president Asif Ali Zardari and Prime Minister Nawaz Sharif in London. "AZ is not meeting NS," Bilawal twe
Published 16 Apr, 2016 12:00am
OIC condemns Iran over 'terror support'

OIC condemns Iran over 'terror support'

A major summit aimed at overcoming differences in the Muslim world condemned Iran Friday for supporting terrorism and meddling in the affairs of other countries. Iranian President Hassan Rouhani, who had been at the two-day Istanbul conference along with
Published 16 Apr, 2016 12:00am
OIC condemns Iran over 'terror support'

OIC condemns Iran over 'terror support'

A major summit aimed at overcoming differences in the Muslim world condemned Iran Friday for supporting terrorism and meddling in the affairs of other countries. Iranian President Hassan Rouhani, who had been at the two-day Istanbul conference along with
Published 16 Apr, 2016 12:00am
Tax havens, offshore companies: G20 embraces new crackdown

Tax havens, offshore companies: G20 embraces new crackdown

The world''''s leading economies took a step Friday toward denying tax evaders and money launderers around the world the ability to hide behind anonymous shell companies. Acting in the wake of the Panama Papers scandal, finance chiefs of the Group of 20 p
Published 16 Apr, 2016 12:00am
Tax havens, offshore companies: G20 embraces new crackdown

Tax havens, offshore companies: G20 embraces new crackdown

The world''s leading economies took a step Friday toward denying tax evaders and money launderers around the world the ability to hide behind anonymous shell companies. Acting in the wake of the Panama Papers scandal, finance chiefs of the Group of 20 pow
Published 16 Apr, 2016 12:00am
Tax havens, offshore companies: G20 embraces new crackdown

Tax havens, offshore companies: G20 embraces new crackdown

The world's leading economies took a step Friday toward denying tax evaders and money launderers around the world the ability to hide behind anonymous shell companies. Acting in the wake of the Panama Papers scandal, finance chiefs of the Group of 20 powe
Published 16 Apr, 2016 12:00am
Tax havens, offshore companies: G20 embraces new crackdown

Tax havens, offshore companies: G20 embraces new crackdown

The world's leading economies took a step Friday toward denying tax evaders and money launderers around the world the ability to hide behind anonymous shell companies. Acting in the wake of the Panama Papers scandal, finance chiefs of the Group of 20 powe
Published 16 Apr, 2016 12:00am
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