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May 11, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-04-19
Senators for complete overhaul of NAB

Senators for complete overhaul of NAB

Declaring National Accountability Bureau (NAB) an outright corrupt organisation, both opposition and treasury lawmakers in Senate on Monday called for complete overhaul of the top anti-graft body as agreed between Nawaz Sharif and Benazir Bhutto during th
Published 19 Apr, 2016 12:00am
China urged to fix 'life or death' steel crisis

China urged to fix 'life or death' steel crisis

Major players in the world's struggling steel industry urged China on Monday to scale back overproduction blamed for causing plant closures and job losses across the globe. Ministers and representatives from 30 countries gathered in Brussels in a bid to e
Published 19 Apr, 2016 12:00am
China urged to fix ''life or death'' steel crisis

China urged to fix ''life or death'' steel crisis

Major players in the world''s struggling steel industry urged China on Monday to scale back overproduction blamed for causing plant closures and job losses across the globe. Ministers and representatives from 30 countries gathered in Brussels in a bid to
Published 19 Apr, 2016 12:00am
PTI decides to seek support of opposition parties

PTI decides to seek support of opposition parties

Pakistan Tehreek-e-Insaf has decided to woo the maximum opposition parties to join their Raiwind march if the government fails to constitute a judicial commission under Chief Justice of Pakistan to the probe Panama leaks. In a meeting chaired by the PTI c
Published 19 Apr, 2016 12:00am
THE RUPEE: five paisas slide
Currency

THE RUPEE: five paisas slide

An easier trend was witnessed on the inter-bank market on Monday as the rupee fell modestly against the dollar in the process of trading, dealers said. On the inter-bank market, the rupee dropped five paisas versus the dollar for buying and selling at Rs
Published 19 Apr, 2016 12:00am
PTI decides to seek support of opposition parties

PTI decides to seek support of opposition parties

Pakistan Tehreek-e-Insaf has decided to woo the maximum opposition parties to join their Raiwind march if the government fails to constitute a judicial commission under Chief Justice of Pakistan to the probe Panama leaks. In a meeting chaired by the PTI c
Published 19 Apr, 2016 12:00am
THE RUPEE: five paisas slide
Currency

THE RUPEE: five paisas slide

An easier trend was witnessed on the inter-bank market on Monday as the rupee fell modestly against the dollar in the process of trading, dealers said. On the inter-bank market, the rupee dropped five paisas versus the dollar for buying and selling at Rs
Published 19 Apr, 2016 12:00am
Prime Minister to leave for Pakistan today

Prime Minister to leave for Pakistan today

Punjab Chief Minister Shahbaz Sharif on Monday said that Prime Minister Muhammad Nawaz Sharif was perfectly all right as his condition had much improved after medical check-up. According to a handout issued here, he said that the Prime Minister would leav
Published 19 Apr, 2016 12:00am
Prime Minister to leave for Pakistan today

Prime Minister to leave for Pakistan today

Punjab Chief Minister Shahbaz Sharif on Monday said that Prime Minister Muhammad Nawaz Sharif was perfectly all right as his condition had much improved after medical check-up. According to a handout issued here, he said that the Prime Minister would leav
Published 19 Apr, 2016 12:00am
Austria's ruling parties lag behind in presidential race

Austria's ruling parties lag behind in presidential race

Candidates from Austria's two main parties look set for defeat in presidential elections on April 24, with polls suggesting they are lagging behind the three frontrunners, including a far-right contender. Should one of the three win, it would be the first
Published 19 Apr, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (April 18, 2016).

Published 19 Apr, 2016 12:00am
Pentagon describes Russian jet's barrel roll over US spy plane

Pentagon describes Russian jet's barrel roll over US spy plane

The Pentagon on Monday described last week's "unsafe" manoeuver by a Russian fighter that flew close to a US spy plane, saying it had performed a barrel roll. Pentagon spokesman Navy Captain Jeff Davis said a Russian Su-27 flew less than 50 feet (15 meter
Published 19 Apr, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (April 18, 2016).

Published 19 Apr, 2016 12:00am
Japan battles to care for 100,000 evacuees after quake

Japan battles to care for 100,000 evacuees after quake

Japan on Monday enlisted US help to airlift supplies to some of the 100,000 people made homeless by earthquakes in the country's south, as rescuers struggled to find those still missing in a massive landslide. Many of those evacuated after their homes wer
Published 19 Apr, 2016 12:00am
Cyprus tourism on course for record year

Cyprus tourism on course for record year

Bailed-out Cyprus recorded a 40-percent hike in tourist arrivals in March, setting the stage for a record year for the holiday island and indicating an economic revival, official data showed Monday. Tourist arrivals already hit a 14-year high in 2015 reac
Published 19 Apr, 2016 12:00am
Nawaz won't return, claims Asim

Nawaz won't return, claims Asim

Former petroleum minister Dr Asim Hussain on Monday claimed that Prime Minister Nawaz Sharif went to London to "take care of Panama leaks issue" and that he would not return. The former minister made these comments in a casual media talk in court premises
Published 19 Apr, 2016 12:00am
Nawaz won't return, claims Asim

Nawaz won't return, claims Asim

Former petroleum minister Dr Asim Hussain on Monday claimed that Prime Minister Nawaz Sharif went to London to "take care of Panama leaks issue" and that he would not return. The former minister made these comments in a casual media talk in court premises
Published 19 Apr, 2016 12:00am
Imran Farooq murder case: FIA declares Mohsin Ali as main culprit

Imran Farooq murder case: FIA declares Mohsin Ali as main culprit

Submitting an interim report in Dr Imran Farooq murder case before an Anti-Terrorism Court on Monday, the Federal Investigation Agency (FIA) declared Mohsin Ali as the main culprit, whereas Moazam Ali and Khalid Shamim as accomplices in the killing. After
Published 19 Apr, 2016 12:00am
Imran Farooq murder case: FIA declares Mohsin Ali as main culprit

Imran Farooq murder case: FIA declares Mohsin Ali as main culprit

Submitting an interim report in Dr Imran Farooq murder case before an Anti-Terrorism Court on Monday, the Federal Investigation Agency (FIA) declared Mohsin Ali as the main culprit, whereas Moazam Ali and Khalid Shamim as accomplices in the killing. After
Published 19 Apr, 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 (April 18, 2016).

Published 19 Apr, 2016 12:00am
Swedish minister quits after comparing Israel to Nazi Germany

Swedish minister quits after comparing Israel to Nazi Germany

A Swedish cabinet minister of Turkish origin who compared Israel to Nazi Germany and was photographed with Turkish ultranationalists resigned on Monday, Swedish Prime Minister Stefan Lofven announced. "Mehmet Kaplan has submitted his resignation and I hav
Published 19 Apr, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (April 18, 2016)

Published 19 Apr, 2016 12:00am
Swedish minister quits after comparing Israel to Nazi Germany

Swedish minister quits after comparing Israel to Nazi Germany

A Swedish cabinet minister of Turkish origin who compared Israel to Nazi Germany and was photographed with Turkish ultranationalists resigned on Monday, Swedish Prime Minister Stefan Lofven announced. "Mehmet Kaplan has submitted his resignation and I hav
Published 19 Apr, 2016 12:00am
Carter says US to deploy more forces to back Iraq's anti-IS war

Carter says US to deploy more forces to back Iraq's anti-IS war

The United States will deploy additional forces to Iraq and make Apache attack helicopters available to support the country's troops, US Secretary of Defence Ashton Carter said Monday in Baghdad. President Barack Obama hailed the 2011 withdrawal of Americ
Published 19 Apr, 2016 12:00am
Carter says US to deploy more forces to back Iraq's anti-IS war

Carter says US to deploy more forces to back Iraq's anti-IS war

The United States will deploy additional forces to Iraq and make Apache attack helicopters available to support the country's troops, US Secretary of Defence Ashton Carter said Monday in Baghdad. President Barack Obama hailed the 2011 withdrawal of Americ
Published 19 Apr, 2016 12:00am
Koh-i-Noor diamond belongs to Britain: India

Koh-i-Noor diamond belongs to Britain: India

A priceless diamond that is part of the Queen Mother's Crown was given to Britain and not stolen, India's government on Monday told the Supreme Court, which is hearing a suit seeking its return. The 108-carat Koh-i-Noor gem, which came into British hands
Published 19 Apr, 2016 12:00am
Koh-i-Noor diamond belongs to Britain: India

Koh-i-Noor diamond belongs to Britain: India

A priceless diamond that is part of the Queen Mother's Crown was given to Britain and not stolen, India's government on Monday told the Supreme Court, which is hearing a suit seeking its return. The 108-carat Koh-i-Noor gem, which came into British hands
Published 19 Apr, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (April 18, 2016).

Published 19 Apr, 2016 12:00am
July-March FDI up 15 percent

July-March FDI up 15 percent

Foreign Direct Investment (FDI) in the country posted an increase of 15 percent during the first nine months of this fiscal year (FY16). As the country is facing energy crisis for the last few years, most of foreign investors have focused power, oil and g
Published 19 Apr, 2016 12:00am
July-March FDI up 15 percent

July-March FDI up 15 percent

Foreign Direct Investment (FDI) in the country posted an increase of 15 percent during the first nine months of this fiscal year (FY16). As the country is facing energy crisis for the last few years, most of foreign investors have focused power, oil and g
Published 19 Apr, 2016 12:00am
July-March FDI up 15 percent

July-March FDI up 15 percent

Foreign Direct Investment (FDI) in the country posted an increase of 15 percent during the first nine months of this fiscal year (FY16). As the country is facing energy crisis for the last few years, most of foreign investors have focused power, oil and g
Published 19 Apr, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (April 18, 2016).

Published 19 Apr, 2016 12:00am
Malaysia's 1MDB defaults on $1 billion loan: Abu Dhabi fund
Exchange

Malaysia's 1MDB defaults on $1 billion loan: Abu Dhabi fund

An Abu Dhabi sovereign-wealth entity said Monday that the Malaysian state fund 1MDB had defaulted on $1.1 billion it owed in a new blow to the scandal-tainted company. The announcement, made in a filing to the London Stock Exchange by Abu Dhabi-based Inte
Published 19 Apr, 2016 12:00am
The Weather

The Weather

The weather report on Monday (April 18, 2016) and the forecast for Tuesday (April 19, 2016).

Published 19 Apr, 2016 12:00am
Malaysia's 1MDB defaults on $1 billion loan: Abu Dhabi fund
Exchange

Malaysia's 1MDB defaults on $1 billion loan: Abu Dhabi fund

An Abu Dhabi sovereign-wealth entity said Monday that the Malaysian state fund 1MDB had defaulted on $1.1 billion it owed in a new blow to the scandal-tainted company. The announcement, made in a filing to the London Stock Exchange by Abu Dhabi-based Inte
Published 19 Apr, 2016 12:00am
Malaysia''s 1MDB defaults on $1 billion loan: Abu Dhabi fund
Exchange

Malaysia''s 1MDB defaults on $1 billion loan: Abu Dhabi fund

An Abu Dhabi sovereign-wealth entity said Monday that the Malaysian state fund 1MDB had defaulted on $1.1 billion it owed in a new blow to the scandal-tainted company. The announcement, made in a filing to the London Stock Exchange by Abu Dhabi-based Inte
Published 19 Apr, 2016 12:00am
Bomb rips through Jerusalem bus, 21 wounded

Bomb rips through Jerusalem bus, 21 wounded

A bomb blast ripped through a bus in Jerusalem on Monday and sparked a fire, wounding at least 21 people, Israeli police said, in an apparent escalation in a wave of violence. Details were still emerging, but police said a bomb had exploded on one bus in
Published 19 Apr, 2016 12:00am
Bomb rips through Jerusalem bus, 21 wounded

Bomb rips through Jerusalem bus, 21 wounded

A bomb blast ripped through a bus in Jerusalem on Monday and sparked a fire, wounding at least 21 people, Israeli police said, in an apparent escalation in a wave of violence. Details were still emerging, but police said a bomb had exploded on one bus in
Published 19 Apr, 2016 12:00am
LNG deal not yet on the website

LNG deal not yet on the website

The Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi had consistently maintained that commercial LNG deals are always undertaken in strict secrecy, as they are highly sensitive. This was the rationale he provided for his refusal to take t
Published 19 Apr, 2016 12:00am
OIC comes of age

OIC comes of age

For a change the Organisation of Islamic Conference (OIC) seems to be shedding its traditional composure and, if the joint statement issued after its 13th summit is any indication, it appears to have decided to call a spade a spade. Maybe, given the extre
Published 19 Apr, 2016 12:00am
Right to govern compromised
Exchange

Right to govern compromised

The Panama Leaks are now the topic of the day everywhere, and the revelations, particularly about politicians, are attracting public attention in countries with "democratic" dispensations. In the EU, worried politicians are contemplating laws whereby mult
Published 19 Apr, 2016 12:00am
CPEC: A game changer across the continents

CPEC: A game changer across the continents

Besides India it is the UK which is not feeling comfortable with China-Pakistan Economic Corridor-based growing relationships. Background interaction with UK policy makers in Islamabad and elsewhere has revealed that the Britain considers the ongoing coop
Published 19 Apr, 2016 12:00am
Obama courts Gulf kings keen just to see him go

Obama courts Gulf kings keen just to see him go

President Barack Obama will make another trip to Riyadh to consult Washington's Gulf allies on the crises in Yemen and Syria this week, but may not receive a royal welcome. The king of Saudi Arabia and his regional allies have long been offended by the US
Published 19 Apr, 2016 12:00am
Qaisar Mufti's article and SECP's response

Qaisar Mufti's article and SECP's response

In its rejoinder through your columns, SECP has confirmed that they have confided in ICAP regarding the proposed company law. Probably, it would be in order that other interested quarters are also contacted and taken into confidence. SECP's tone appears p
Published 19 Apr, 2016 12:00am
US MIDDAY: gold down
Exchange

US MIDDAY: gold down

Gold steadied on Monday as the dollar fell against a basket of major currencies, world stock markets edged higher, and oil prices pared earlier losses that had been triggered by the failure by oil producers to agree an output freeze. Brent crude futures d
Published 19 Apr, 2016 12:00am
US MIDDAY: wheat surges

US MIDDAY: wheat surges

Wheat futures on the Chicago Board of Trade surged more than 3 percent on Monday, heading for their biggest daily gains since October as investors liquidated a portion of the record-large short stake, traders said. Corn and soyabean futures each rose to f
Published 19 Apr, 2016 12:00am
Oil down but off lows as Kuwait strike offsets failed output freeze

Oil down but off lows as Kuwait strike offsets failed output freeze

Oil prices slid on Monday after a plan by major oil producers to freeze production was scuttled, but a Kuwaiti oil industry strike helped the market pare losses and settle off the day's lows. The strike crippled more than 60 percent of Kuwait's crude outp
Published 19 Apr, 2016 12:00am
'Unbridled powers': two review petitions rejected by FTO

'Unbridled powers': two review petitions rejected by FTO

The Federal Tax Ombudsman (FTO) has rejected two review petitions filed by Director General, Intelligence and Investigation Inland Revenue FBR and a domestic manufacturer of tiles where the agency sought expunction of the FTO observations regarding "unbri
Published 19 Apr, 2016 12:00am
Role in paedophile ring: life sentences awarded to two men

Role in paedophile ring: life sentences awarded to two men

A court on Monday sentenced two men to life imprisonment for their role in a paedophile ring accused of abusing dozens of children over many years in Pakistan's Punjab province, their defence lawyer said. The discovery of the paedophile ring last year sho
Published 19 Apr, 2016 12:00am
NAB to file three references against ex-Balochistan minister, others

NAB to file three references against ex-Balochistan minister, others

The Executive Board Meeting (EBM) of National Accountability Bureau (NAB) on Monday decided to file three references against corrupt elements. The meeting held under the chairmanship of NAB Chairman Qamar Zaman Chaudhry here decided to file former Provinc
Published 19 Apr, 2016 12:00am
'Hujjaj tracking system' being introduced: minister of state

'Hujjaj tracking system' being introduced: minister of state

Minister of State for Religious Affairs and Interfaith Harmony Muhammad Aminul Hasnat has said the government had decided to introduce a special tracking system this year to know about the exact location of each person. Talking to PTV News on Monday, the
Published 19 Apr, 2016 12:00am
Redressal of farmers' issues Khursheed sends letter to Prime Minister

Redressal of farmers' issues Khursheed sends letter to Prime Minister

Opposition leader in the National Assembly Syed Khursheed Ahmed Shah has written a letter to Prime Minister Nawaz Sharif to address the critical issues faced by farmers at the moment. Khursheed Shah said that Pakistani Kissan Ittehad has arranged All Paki
Published 19 Apr, 2016 12:00am
KATI President lauds PCSIR's role in industrial development

KATI President lauds PCSIR's role in industrial development

President, Korangi Association of Trade and Industry (KATI), Zahid Saeed has lauded the role and efforts of Pakistan Council of Scientific & Industrial Research (PCSIR) for industrial development in the country. He said that scientific research was a prec
Published 19 Apr, 2016 12:00am
144 Baloch militants surrender

144 Baloch militants surrender

At least 144 Baloch militants surrendered their weapons on Monday after accepting the government's amnesty offer. Among the militants who surrendered at Jhalwan, four are commanders of banned organisations. Commissioner Kalat hailed the decision calling i
Published 19 Apr, 2016 12:00am
Golden Chick to open store in Pakistan soon

Golden Chick to open store in Pakistan soon

Golden Chick, one of America's favourites fast food brands has now come to Pakistan with the first store slated to be opened at Dolmen City Mall, Karachi on May 16, 2016. Pakistan is the first country outside the US where golden chick has decided to exten
Published 19 Apr, 2016 12:00am
PBIF chief concerned at uncertainty caused by Panama Papers

PBIF chief concerned at uncertainty caused by Panama Papers

President Pakistan Businessmen and Intellectuals Forum (PBIF), President Mian Zahid Hussain has expressed concern over Panama papers controversy which is pushing the country towards political and economic instability. The increased political struggle over
Published 19 Apr, 2016 12:00am
Hannover Messe 2016 32 engineering products' exporters to take part

Hannover Messe 2016 32 engineering products' exporters to take part

Thirty-two prominent engineering products exporters from Pakistan will participate in 'Hannover Messe', the world's largest fair of industrial products being held in Hannover Germany from April 25 to 29, 2016, official sources told Business Recorder</i
Published 19 Apr, 2016 12:00am
Afzal Chamadia made vice chairman FPCCI body

Afzal Chamadia made vice chairman FPCCI body

Abdul Rauf Alam, President Federation Pakistan Chamber of Commerce (FPCCI) has appointed Afzal Chamadia as Vice Chairman of FPCCI's Standing Committee on "Consumer Products" for the year 2016. Chamadia has a vast experience in consumer sector.
Published 19 Apr, 2016 12:00am
Sindh University declares B.Com Part-I result

Sindh University declares B.Com Part-I result

The Controller of Examinations (Annual), University of Sindh has announced the result of B.Com Part-I, Annual Examination of 2015. According the result, total 6574 candidates were appeared in the examination, out of which 5404 candidates are declared succ
Published 19 Apr, 2016 12:00am
IESCO power closure notice

IESCO power closure notice

According to IESCO Spokesman, due to electricity maintenance/development work, the power supply of the following feeders / grid stations would remain suspended as under:- On 19 April 09:00am 02:00pm, RCCI-1, RCCI-II feeders, 10:00am 03:00pm, Jarrar Camp f
Published 19 Apr, 2016 12:00am
HBL granted licence to set up a branch in China

HBL granted licence to set up a branch in China

HBL is proud to be the first bank from Pakistan to receive a license for setting up a branch in China. It is also the first South Asian bank to get the permission to set up its banking operations in Urumqi, the largest city in the province of Xinjiang, wh
Published 19 Apr, 2016 12:00am
Askari Bank celebrates launch of branch in China

Askari Bank celebrates launch of branch in China

Askari Bank held a corporate dinner at Marriot Hotel, Islamabad, to celebrate the launch of Askari Bank's representative office in Beijing, China. Ambassador Charge d'affairs, People's Republic of China, Zhou Lijian was chief guest at the occasion, which
Published 19 Apr, 2016 12:00am
SMFB gets permission to commence operations

SMFB gets permission to commence operations

Sindh Microfinance Bank (SMFB) received permission to commence Microfinance Banking Business from State Bank of Pakistan (SBP). The commencement letter was presented by Shaukat Zaman, Director Banking Policy & Regulation Dept. (BPRD) SBP to Shoaib Arif CE
Published 19 Apr, 2016 12:00am
MQM MPA Mangi joins Kamal-led PSP

MQM MPA Mangi joins Kamal-led PSP

Provincial lawmaker of the Muttahida Qaumi Movement (MQM) Ashfaq Mangi on Monday announced to join Pak Sarzameen Party (PSP) of former Karachi mayor Mustafa Kamal. "We are not here to take power from anybody. We are here to transform lives of people and t
Published 19 Apr, 2016 12:00am
PSP delegation calls on JI Karachi chief

PSP delegation calls on JI Karachi chief

A delegation of Pak Sarzameen Party (PSP) visited Jamaat-e-Islami (JI) Karachi office Idara Noor-e-Haq and called on its chief Engr. Naeem-ur-Rehman, here on Monday. The leaders discussed the issues relating to the city, politics and of mutual interests.
Published 19 Apr, 2016 12:00am
Incidents of lawlessness Illegal immigrants involved: Rangers

Incidents of lawlessness Illegal immigrants involved: Rangers

The illegal immigrants are also involved in the incidents of lawlessness in the metropolis. This was stated by the spokesman of the Pakistan Rangers, Sindh, here on Monday. He said Pakistan Rangers Sindh had started taking steps against the elements respo
Published 19 Apr, 2016 12:00am
German companies intend to invest in energy projects in Sindh

German companies intend to invest in energy projects in Sindh

Sindh Board of Investment (SBI) delegation on Monday was briefed that RWE, a German Company was working with the Sindh government and Sindh Engro Coal Mining Company in Thar coal power plant and mining project in block 2. It was also informed that the com
Published 19 Apr, 2016 12:00am
MCB Bank PMI decreases to 63.44 in March

MCB Bank PMI decreases to 63.44 in March

Economic activity in the manufacturing sector expanded in March 2016 at a slower pace than in January, according to company executives surveyed in the MCB Bank Purchasing Managers Index (PMI). The PMI for the month of March registered a value of 63.44, a
Published 19 Apr, 2016 12:00am
Putin, Obama confirm willingness to strengthen Syria cease-fire: Kremlin

Putin, Obama confirm willingness to strengthen Syria cease-fire: Kremlin

Russian President Vladimir Putin and his US counterpart Barack Obama agreed during a phone call on Monday to strengthen a Syria ceasefire brokered by their two nations, the Kremlin said. "The leaders discussed in detail the situation in Syria, confirming
Published 19 Apr, 2016 12:00am
Chinese military aircraft makes first public landing on disputed island

Chinese military aircraft makes first public landing on disputed island

A Chinese military aircraft has landed at a new airport on an island China has built in the disputed South China Sea, state media said on Monday, in the first public report on a move that raises the prospect of China basing warplanes there. The United Sta
Published 19 Apr, 2016 12:00am
Yemen peace talks on hold as rebels delay arrival

Yemen peace talks on hold as rebels delay arrival

Crucial talks between Yemen's government and rebels were delayed Monday after the insurgents failed to show up, prompting UN concern over the fate of peace efforts for the war-torn country. The talks in Kuwait aim to end to more than 13 months of fighting
Published 19 Apr, 2016 12:00am
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