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May 11, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-04-21
Top German court strikes down key parts of anti-terror law

Top German court strikes down key parts of anti-terror law

Germany's highest court on Wednesday struck down key planks of an anti-terror law, saying they violated privacy protections enshrined in the constitution. The legislation passed in 2008 which covers surveillance of terror suspects by the federal police mu
Published 21 Apr, 2016 12:00am
Swedish politician quits after refusing to shake women's hands

Swedish politician quits after refusing to shake women's hands

A Swedish Green Party politician, who ignited a storm of controversy after refusing to shake hands with a female reporter on grounds that it violated his Muslim faith, announced on Wednesday that he was quitting politics. Yasri Khan is the second Muslim G
Published 21 Apr, 2016 12:00am
Nato-Russia talks end in 'profound disagreements'

Nato-Russia talks end in 'profound disagreements'

Nato and Russia ran up against "profound disagreements" over Ukraine and other issues as their ambassadors met on Wednesday for the first time since 2014, alliance chief Jens Stoltenberg said. The two sides agreed to keep communicating following the meeti
Published 21 Apr, 2016 12:00am
Mass murderer Breivik wins lawsuit over 'inhuman' treatment

Mass murderer Breivik wins lawsuit over 'inhuman' treatment

Norwegian mass murderer and self-proclaimed Nazi Anders Behring Breivik on Wednesday won his lawsuit against the state over his "inhuman" solitary confinement in prison. The ruling was greeted with surprise by the state's lawyer and some of the survivors
Published 21 Apr, 2016 12:00am
Israeli intel cooperation with Egypt at 'unprecedented' level

Israeli intel cooperation with Egypt at 'unprecedented' level

Israel has seen "unprecedented" intelligence cooperation with Egypt and Jordan as the fight against the Islamic State group nudges them to work together more closely, a military chief said Wednesday. Major General Yair Golan said "there is a strong feelin
Published 21 Apr, 2016 12:00am
Watchdog says press freedom in decline, warns of 'new era of propaganda'

Watchdog says press freedom in decline, warns of 'new era of propaganda'

World press freedom deteriorated in 2015, especially in the Americas, advocacy group Reporters Without Borders said Wednesday as it released its annual rankings, warning of "a new era of propaganda". The World Press Freedom Index ranks 180 countries on in
Published 21 Apr, 2016 12:00am
Crisis-hit Greeks, Brazilians, ready for Olympic flame

Crisis-hit Greeks, Brazilians, ready for Olympic flame

Greece, beset by economic difficulties and a migration crisis, will hold a traditional ceremony Thursday for the Rio Olympics as Brazil battles its own political woes. The dress rehearsal for the lighting of the Olympic flame in ancient Olympia went ahead
Published 21 Apr, 2016 12:00am
Russian announces anti-doping reforms in bid to overturn Rio ban

Russian announces anti-doping reforms in bid to overturn Rio ban

Russia has appointed international experts to assist with anti-doping reforms, the sports ministry said Wednesday, as the country strives to clean up its act in time for the Rio Olympics. "The experts were nominated by WADA (World Anti-Doping Agency) and
Published 21 Apr, 2016 12:00am
South Africa balk at Aussie pink-ball Test

South Africa balk at Aussie pink-ball Test

Cricket Australia unveiled plans Wednesday for day-night Tests against South Africa and Pakistan, but admitted player concerns about the experimental format meant the Proteas' fixture was not locked in. The day-night Tests using a pink ball are a central
Published 21 Apr, 2016 12:00am
Champs Evergrande crash out of Asia

Champs Evergrande crash out of Asia

Defending title-holders Guangzhou Evergrande crashed out of the AFC Champions League after group rivals Sydney FC and Urawa Red Diamonds played out a goalless draw on Wednesday. Luiz Felipe Scolari's Chinese giants won their first game a day earlier but i
Published 21 Apr, 2016 12:00am
National Amateur Golf tees off

National Amateur Golf tees off

The top 77 amateur golfers of almost all golf courses of the country have reached Defence Raya Golf and Country Club Golf Course here for a fling at the Pakistan Amateur Golf title 2016. Also there are four national players from Afghanistan, two from Iran
Published 21 Apr, 2016 12:00am
Punjab University clinch Jujitsu Championship

Punjab University clinch Jujitsu Championship

The Punjab University women's team has clinched the first position in the third Higher Education Commission Jujitsu Championship 2015-16 while showing outstanding performance. The team won the championship by scoring 170 points while the Lahore College fo
Published 21 Apr, 2016 12:00am
Neuer extends Bayern contract until 2021

Neuer extends Bayern contract until 2021

Bayern Munich has extended the contract of Germany's world-class goalkeeper Manuel Neuer, binding him to the Bundesliga giants until 2021, the club confirmed on Wednesday. Neuer, who has been voted world goalkeeper of the year in 2013, 2014 and 2015, is s
Published 21 Apr, 2016 12:00am
Hong Kong's Ahmed gets big ban over fixing approaches

Hong Kong's Ahmed gets big ban over fixing approaches

Hong Kong all-rounder Irfan Ahmed was banned for two-and-a-half years on Wednesday for breaking cricket's anti-corruption rules by failing to report approaches by a suspected match-fixer. The hefty suspension was handed out after anti-corruption investiga
Published 21 Apr, 2016 12:00am
EU envoy meets Bilawal

EU envoy meets Bilawal

EU Ambassador Jean Francois Cautain called on PPP Chairman Bilawal Bhutto Zardari at Zardari House Islamabad on Wednesday evening. Issues of mutual interests were discussed in the meeting. Central Information Secretaries of PPP and PPPP Qamar Zaman Kaira
Published 21 Apr, 2016 12:00am
Chhotu gang surrenders to army, releases policemen

Chhotu gang surrenders to army, releases policemen

Military operation Zarb-e-Ahan, which was initiated against the Chhotu gang in the Kacha Jamal area, has concluded successfully as the perpetrators have surrendered unconditionally, Director General (DG) ISPR Lieutenant General Asim Saleem Bajwa disclosed
Published 21 Apr, 2016 12:00am
Chhotu gang surrenders to army, releases policemen

Chhotu gang surrenders to army, releases policemen

Military operation Zarb-e-Ahan, which was initiated against the Chhotu gang in the Kacha Jamal area, has concluded successfully as the perpetrators have surrendered unconditionally, Director General (DG) ISPR Lieutenant General Asim Saleem Bajwa disclosed
Published 21 Apr, 2016 12:00am
Cameron links London mayor hopeful to 'IS supporter'

Cameron links London mayor hopeful to 'IS supporter'

British Prime Minister David Cameron accused the main opposition Labour party's candidate for London mayor of associating with an alleged supporter of the Islamic State group Wednesday, triggering a furious row. Cameron's comments were aimed at Sadiq Khan
Published 21 Apr, 2016 12:00am
Cameron links London mayor hopeful to 'IS supporter'

Cameron links London mayor hopeful to 'IS supporter'

British Prime Minister David Cameron accused the main opposition Labour party's candidate for London mayor of associating with an alleged supporter of the Islamic State group Wednesday, triggering a furious row. Cameron's comments were aimed at Sadiq Khan
Published 21 Apr, 2016 12:00am
Board Meetings
Exchange

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 21 Apr, 2016 12:00am
US Supreme Court says terror victims can collect $2 billion from Iran

US Supreme Court says terror victims can collect $2 billion from Iran

The US Supreme Court ruled Wednesday that Iran must hand over nearly $2 billion in frozen assets to survivors and relatives of those killed in attacks blamed on the Islamic republic. In a 6-2 decision, the court upheld rulings in favour of victims and rel
Published 21 Apr, 2016 12:00am
US Supreme Court says terror victims can collect $2 billion from Iran

US Supreme Court says terror victims can collect $2 billion from Iran

The US Supreme Court ruled Wednesday that Iran must hand over nearly $2 billion in frozen assets to survivors and relatives of those killed in attacks blamed on the Islamic republic. In a 6-2 decision, the court upheld rulings in favour of victims and rel
Published 21 Apr, 2016 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 21 Apr, 2016 12:00am
India says 330 million people suffering from drought

India says 330 million people suffering from drought

About 330 million people are suffering from drought in India, the government has said, as the country reels from severe water shortages and desperately poor farmers suffer crop losses. One of the government's most senior lawyers PS Narasimha told the Supr
Published 21 Apr, 2016 12:00am
India says 330 million people suffering from drought

India says 330 million people suffering from drought

About 330 million people are suffering from drought in India, the government has said, as the country reels from severe water shortages and desperately poor farmers suffer crop losses. One of the government's most senior lawyers PS Narasimha told the Supr
Published 21 Apr, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (April 20, 2016).

Published 21 Apr, 2016 12:00am
THE RUPEE: stable trend
Currency

THE RUPEE: stable trend

Firmness prevailed on the money market on Wednesday as the rupee managed to recover modestly versus the dollar in the process of trading, dealers said. The rupee gained four paisas versus the dollar for buying and selling at Rs 104.74 and Rs 104.75, deale
Published 21 Apr, 2016 12:00am
THE RUPEE: stable trend
Currency

THE RUPEE: stable trend

Firmness prevailed on the money market on Wednesday as the rupee managed to recover modestly versus the dollar in the process of trading, dealers said. The rupee gained four paisas versus the dollar for buying and selling at Rs 104.74 and Rs 104.75, deale
Published 21 Apr, 2016 12:00am
Power sector unlikely to exceed subsidy amount

Power sector unlikely to exceed subsidy amount

Ministry of Water and Power is unlikely to seek power sector subsidy over and above the amount of Rs 120 billion allocated in the federal budget 2015-16, well informed sources told Business Recorder. Ministry of Finance has released Rs 97 billion s
Published 21 Apr, 2016 12:00am
Power sector unlikely to exceed subsidy amount

Power sector unlikely to exceed subsidy amount

Ministry of Water and Power is unlikely to seek power sector subsidy over and above the amount of Rs 120 billion allocated in the federal budget 2015-16, well informed sources told Business Recorder. Ministry of Finance has released Rs 97 billion s
Published 21 Apr, 2016 12:00am
Power sector unlikely to exceed subsidy amount

Power sector unlikely to exceed subsidy amount

Ministry of Water and Power is unlikely to seek power sector subsidy over and above the amount of Rs 120 billion allocated in the federal budget 2015-16, well informed sources told Business Recorder. Ministry of Finance has released Rs 97 billion s
Published 21 Apr, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (April 20, 2016).

Published 21 Apr, 2016 12:00am
KPK minister-BoK spat warrants intervention
Exchange

KPK minister-BoK spat warrants intervention

Khyber Pakhtunkhwa (KPK) Chief Minister Pervez Khattak has ordered an inquiry into an increasingly acrimonious public row between the provincial finance minister Muzaffar Said, from Jamaat-e-Islami - a coalition partner of the ruling Pakistan Tehreek-e-In
Published 21 Apr, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (April 20, 2016).

Published 21 Apr, 2016 12:00am
An unacceptable demand

An unacceptable demand

Mustafa Kamal, MQM defector and the leader of his own new party, Pak Sarzameen, has been demanding a ban on his former party for its leader's alleged links with the Indian intelligence agency, RAW, on the basis of a claim made by a British citizen of Paki
Published 21 Apr, 2016 12:00am
VIEWPOINT: 'Zarb-e-Chhotu'

VIEWPOINT: 'Zarb-e-Chhotu'

A front page photo in this paper's Tuesday edition showed the Corps Commander Multan flanked by some other senior officials on his way to supervise preparations for an army operation, not at a border front nor the violent extremists in the tribal badlands
Published 21 Apr, 2016 12:00am
Emerging issues in the global economies
Currency

Emerging issues in the global economies

Lower growth expectations: As is evident the EU and the US are facing difficulties in order to increase their economic growth, and that is why, the demand for nationalism and protectionism is growing. In this scenario the expectations stand dampene
Published 21 Apr, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (April 20, 2016)

Published 21 Apr, 2016 12:00am
Angry Kabul losing faith in peace process after Taliban bombing

Angry Kabul losing faith in peace process after Taliban bombing

After another bombing in the Afghan capital was followed by yet another triumphant claim of responsibility by the Taliban, Afghan leaders are struggling to find the will to make peace with the militant group. Even as the death toll rose to above 60 from t
Published 21 Apr, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (April 20, 2016).

Published 21 Apr, 2016 12:00am
US MIDDAY: gold steadies
Exchange

US MIDDAY: gold steadies

Gold steadied early on Wednesday as a firmer tone to the US dollar held gains in check, though silver extended gains to an 11-month peak, boosted by technical momentum and perceptions it is undervalued versus gold. Silver prices have climbed 11 percent so
Published 21 Apr, 2016 12:00am
US MIDDAY: soyabeans extend gains

US MIDDAY: soyabeans extend gains

US soyabeans shrugged off early losses to surge 1 percent on Wednesday, hitting new eight-month highs and extending the gains of a dramatic April rally linked to investment fund buying and rain-related delays in Argentina's harvest. Chicago Board of Trade
Published 21 Apr, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (April 20, 2016).

Published 21 Apr, 2016 12:00am
Gold little changed in European trade
Exchange

Gold little changed in European trade

Gold steadied on Wednesday as a firmer tone to the dollar held gains in check, though silver rose back towards an earlier 11-month peak, boosted by technical momentum and perceptions it is undervalued versus gold. Silver prices have climbed nearly 10 perc
Published 21 Apr, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (April 20, 2016).

Published 21 Apr, 2016 12:00am
Silver retreats in Asia

Silver retreats in Asia

Silver rallied to an 11-month high on Wednesday, lifting gold and other precious metals with it on optimism over the Chinese economy, but the metals later pared gains as the dollar regained ground. Silver and platinum group metals, which see more industri
Published 21 Apr, 2016 12:00am
The Weather

The Weather

The weather report on Wednesday (April 20, 2016) and the forecast for Thursday (April 21, 2016).

Published 21 Apr, 2016 12:00am
Gold, silver, platinum up in New York

Gold, silver, platinum up in New York

Gold rose as much as 2 percent, silver hit a 10-month high and platinum climbed to its highest in six months on Tuesday, as the dollar weakened after US data came in below forecasts. US housing starts fell more than expected in March and permits for futur
Published 21 Apr, 2016 12:00am
Raw sugar surges
Currency

Raw sugar surges

Raw sugar futures surged to a three-week high on Wednesday, creating a potentially bullish formation on fund and chart-based buying, amid a lack of producer selling as Brazilians wait to see if their president will be removed from office. Cocoa futures nu
Published 21 Apr, 2016 12:00am
Palm oil rises
Vegetable Oil

Palm oil rises

Malaysian palm oil futures rose for a third consecutive day on Wednesday, tracking a rally in alternative vegetable oils to reach a near two-week high. Palm has gained 1.7 percent so far this week after falling for two weeks. The palm oil contract for Jul
Published 21 Apr, 2016 12:00am
Wheat and soya jump to multi-month highs

Wheat and soya jump to multi-month highs

US soyabean and wheat futures extended gains to multi-month peaks on Tuesday, lifted largely by technical and investment fund buying, traders and analysts said. Corn also rose at the Chicago Board of Trade, with all three agriculture future contracts gain
Published 21 Apr, 2016 12:00am
Rubber up
Exchange

Rubber up

Benchmark Tokyo rubber futures ended up 2.1 percent at an eight-month high on Wednesday supported by strong Shanghai futures as a slide in oil prices that pared most of the previous day's gains did little to dent market sentiment, sources said. "TOCOM fol
Published 21 Apr, 2016 12:00am
Aluminium jumps to six-month peak, copper climbs
Exchange

Aluminium jumps to six-month peak, copper climbs

Aluminium hit a six-month peak on Wednesday as the appetite for risk increased among investors who took a more upbeat view on the Chinese economy and saw commodities as relatively cheap. A bounce in oil prices also bolstered metals markets, helping send z
Published 21 Apr, 2016 12:00am
Shanghai copper rises
Exchange

Shanghai copper rises

Shanghai Futures Exchange copper traded at 37,360 yuan ($5,779) up 1.2 percent on Wednesday but down from an intraday high. China's industrial output surprised to the upside last month, while rising property prices suggested an economic recovery is taking
Published 21 Apr, 2016 12:00am
Increased prices, subsidies to aid Mali cotton crop
Cotton

Increased prices, subsidies to aid Mali cotton crop

Higher prices and government fertiliser subsidies could help Mali meet ambitious cotton production targets next season after it missed output goals this year, the Malian Company for the Development of Textiles (CMDT) said on Wednesday. West Africa's bigge
Published 21 Apr, 2016 12:00am
Cotton touches highest in over three months
Cotton

Cotton touches highest in over three months

Cotton futures rose on Tuesday for a second session to the highest level in over three months on buying from speculators and index funds, amid a weak dollar and overall uptrend in commodities. Speculators and index funds are buying across the commodities
Published 21 Apr, 2016 12:00am
Biggest-ever tax evasion case of builder unearthed

Biggest-ever tax evasion case of builder unearthed

Directorate General of Intelligence and Investigation Inland Revenue (IR) has unearthed the biggest tax evasion case of a builder/developer in the history of Pakistan involving approximately tax liability of Rs 58.8 billion calculated on total tax conceal
Published 21 Apr, 2016 12:00am
KP establishes Medical Transplantation Regulatory Authority

KP establishes Medical Transplantation Regulatory Authority

The Khyber Pakhtunkhwa Government has notified the establishment of Medical Transplantation Regulatory Authority. According to a notification issued from Secretary Health Office, Provincial Minister for Health will be Chairman of the Regulatory Authority
Published 21 Apr, 2016 12:00am
President confers Nishan-i-Imtiaz (Military) on Italian Army Chief

President confers Nishan-i-Imtiaz (Military) on Italian Army Chief

President Mamnoon Hussain Wednesday conferred the Nishan-i-Imtiaz (Military) on General Claudio Graziano, Chief of Defence General Staff of Italian Armed Forces, in recognition of his outstanding services and contribution in promoting friendly ties betwee
Published 21 Apr, 2016 12:00am
Public sector institutes: KP PAC takes notice of overpayment

Public sector institutes: KP PAC takes notice of overpayment

Public Accounts Committee (PAC) of Khyber Pakhtunkhwa Assembly has taken strong notice of the overpayment by different public sector institutes. The committee has decided to take stern action against the concerned officials. The meeting held with MPA Shau
Published 21 Apr, 2016 12:00am
PTV management asked to conduct inquiry against former MD

PTV management asked to conduct inquiry against former MD

A parliamentary body on Wednesday asked Pakistan Television's (PTV) top management to conduct an inquiry against former PTV managing director (MD) Muhammad Malik for his alleged involvement in corruption and nepotism as head of the state-run channel. The
Published 21 Apr, 2016 12:00am
British Army chief visits Pakistan to reinforce military ties

British Army chief visits Pakistan to reinforce military ties

The Chief of the General Staff and Head of the British Army, General Sir Nicholas Carter visited Pakistan to reinforce the close military relationship between Pakistan and the UK. "General Carter and his wife Lady Carter were the personal guests of Genera
Published 21 Apr, 2016 12:00am
Suparco, CGWIC sign contract

Suparco, CGWIC sign contract

Pakistan Space & Upper Atmosphere Research Commission (SUPARCO) and China Great Wall Industry Cooperation (CGWIC) on Wednesday signed a contract for the development and launch of Pakistan Remote Sensing Satellite (PRSS-1) System. Federal Minister for Plan
Published 21 Apr, 2016 12:00am
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