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Feb 16, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-05-03
Sazgar Engineering Works Limited

Sazgar Engineering Works Limited

Incorporated in 1991, Sazgar Engineering Works Limited has been seen consistently to perform reaching the apex of the Auto Rickshaw market in the country. Currently standing at sales revenue of over Rs 2 billion in the auto sector, the company faces prima
Published 03 May, 2016 12:00am
THE RUPEE: all-round gains
Currency

THE RUPEE: all-round gains

All-ground gains were witnessed on the money market on Monday as the rupee recovered marginally against the dollar in the process of trading, dealers said. The rupee picked up four paisas versus the dollar for buying and selling at Rs 104.76 and Rs 104.78
Published 03 May, 2016 12:00am
Sazgar Engineering Works Limited

Sazgar Engineering Works Limited

Incorporated in 1991, Sazgar Engineering Works Limited has been seen consistently to perform reaching the apex of the Auto Rickshaw market in the country. Currently standing at sales revenue of over Rs 2 billion in the auto sector, the company faces prima
Published 03 May, 2016 12:00am
THE RUPEE: all-round gains
Currency

THE RUPEE: all-round gains

All-ground gains were witnessed on the money market on Monday as the rupee recovered marginally against the dollar in the process of trading, dealers said. The rupee picked up four paisas versus the dollar for buying and selling at Rs 104.76 and Rs 104.78
Published 03 May, 2016 12:00am
Panama Papers: Bilawal for evolving consensus

Panama Papers: Bilawal for evolving consensus

Pakistan People's Party (PPP) Chairman Bilawal Bhutto Zardari has said the Terms of References (ToRs) for an investigation into the Panama leaks will be prepared through consensus with opposition parties and "these ToRs must be decided by the Parliament".
Published 03 May, 2016 12:00am
Government urged to equalise rates of milk
Exchange

Government urged to equalise rates of milk

The government is supporting tetra-pack industry and wants to damage business of dairy farmers, said Dairy and Cattle Farmers Association Karachi chapter President Haji Salahudeen addressing a press conference at the Karachi Press Club on Monday. He said
Published 03 May, 2016 12:00am
Missing person cases: SHC seeks comments of Rangers, police

Missing person cases: SHC seeks comments of Rangers, police

The Sindh High Court (SHC) on Monday issued notices to Director General Rangers Sindh and Inspector General Sindh, directing them to submit their respective comments on the petitions seeking whereabouts of missing persons. SHC bench, headed by Justice Irf
Published 03 May, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (May 02, 2016).

Published 03 May, 2016 12:00am
Afaq extends olive branch to MQM's Rabita Committee

Afaq extends olive branch to MQM's Rabita Committee

In a surprise move, Chairman Muhajir Qaumi Movement Chairman Afaq Ahmad on Monday proposed Muttahida Qaumi Movement's (MQM) Co-ordination Committee to either visit his residence or invite him to its headquarters, 90, to end bitterness in a bid to address
Published 03 May, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (May 02, 2016).

Published 03 May, 2016 12:00am
10MFY16: PRA collection grows by 37 percent

10MFY16: PRA collection grows by 37 percent

The overall revenue collection of the Punjab Revenue Authority (PRA) grew by 37 per cent to Rs 47.773 billion in the first ten months of the current financial year against collection of merely Rs 34.870 billion in the corresponding period of the previous
Published 03 May, 2016 12:00am
Colombo-bound passenger held with heroin
Currency

Colombo-bound passenger held with heroin

Model Collectorate of Customs (MCC), Preventive on Monday claimed to have recovered 3400 kilograms of heroin from a passenger leaving Jinnah International Airport for Sri Lanka. The customs staff at international departure intercepted a passenger namely M
Published 03 May, 2016 12:00am
Opening bank branches abroad
Exchange

Opening bank branches abroad

Commercial banks desirous of opening branches outside the country of their origin have to meet certain additional requirements. Not only are they required to abide by the restrictions prescribed by their home country, they will also be required to fulfil
Published 03 May, 2016 12:00am
Banning Maalik is a bad decision

Banning Maalik is a bad decision

Films are discussed for their artistic merit or entertainment value, but a new Pakistani movie, Maalik, said to be wanting in both departments, has attracted public attention for the wrong reason: ban by the federal government. Notably, Maalik was duly pa
Published 03 May, 2016 12:00am
Amazing shades of legislation
Exchange

Amazing shades of legislation

Apparently, the revelations in April 27 session of the Senate's Standing Committee on Finance encouraged the Prime Minister (PM) to announce that the Chief Justice may change the PM's prescribed Terms of Reference (ToRs) for the Judicial Commission, and b
Published 03 May, 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 (May 02, 2016).

Published 03 May, 2016 12:00am
Confronting darkness in Cambodia's Khmer Rouge stronghold

Confronting darkness in Cambodia's Khmer Rouge stronghold

Standing next to cages that once housed political prisoners, former Khmer Rouge foot soldier Tho Lon gets a surprisingly sympathetic hearing from a clutch of students, despite his work for a regime that wiped out a quarter of Cambodia's population. "All m
Published 03 May, 2016 12:00am
Do Colombia's FARC rebels have a hidden fortune?

Do Colombia's FARC rebels have a hidden fortune?

Do Colombia's FARC guerrillas have a multi-billion-dollar fortune from kidnapping and drug trafficking stashed in foreign bank accounts? That question has triggered an explosive debate in Colombia just as it tries to turn the page on the half-century conf
Published 03 May, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (May 02, 2016)

Published 03 May, 2016 12:00am
'The killer laddus'

'The killer laddus'

This apropos a Business Recorder editorial "The killer laddus" carried by the newspaper on Sunday. The newspaper has made a profound remark in this regard: "That it [the laddu] would kill a score and may take more lives was beyond anyone's wildest
Published 03 May, 2016 12:00am
FBR opposes idea of placing ST refund data on website

FBR opposes idea of placing ST refund data on website

The Federal Board of Revenue (FBR) has opposed the idea of placing sales tax refund data on its website or publishing refund figures, as recommended by the Committee constituted by Federal Tax Ombudsman (FTO) to investigate problems and issues in delay of
Published 03 May, 2016 12:00am
AIIB willing to continue its support: Dar told

AIIB willing to continue its support: Dar told

Asian Infrastructure Investment Bank (AIIB) President JinLiqun said on Monday the bank was willing to continue its support in the months to come because Pakistan was poised to move to a higher trajectory of economic growth after having achieved macro-econ
Published 03 May, 2016 12:00am
Anti-polio drive begins in 43 UCs

Anti-polio drive begins in 43 UCs

Anti-polio campaign in 43 union councils of Peshawar started on Monday. During the campaign, more than 127,000 children will be administered anti-polio drops. KP Health department constituted 422 teams for this purpose.
Published 03 May, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (May 02, 2016).

Published 03 May, 2016 12:00am
Spectrum Y&R holds workshop

Spectrum Y&R holds workshop

Spectrum Y&R, an exclusive Pakistan affiliate for one of the world's leading advertising agencies - Young & Rubicam, held a half-day workshop in Pearl Continental Hotel, Karachi on 25th April, 2016. The objective of the workshop was to primarily share the
Published 03 May, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (May 02, 2016).

Published 03 May, 2016 12:00am
CLF Sukkur celebrates success of festival

CLF Sukkur celebrates success of festival

"Government is bound to provide equal educational facilities in rural and urban areas. Unless the children of provincial chief executives, MNAs, MPAs are sent to public schools no improvement can be expected in our educational field," said Syed Khursheed
Published 03 May, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (May 02, 2016).

Published 03 May, 2016 12:00am
Buner police awarded

Buner police awarded

The Inspector General of Police (IGP) Khyber Pakhtunkhwa Nasir Khan Durrani awarded Buner police officers and jawans on arresting three wanted terrorists carrying head bounty rupees one million each in a ceremony held at CPO Peshawar Monday. According to
Published 03 May, 2016 12:00am
The Weather

The Weather

The weather report on Monday (May 02, 2016) and the forecast for Tuesday (May 03, 2016).

Published 03 May, 2016 12:00am
UC Nazims stage protest

UC Nazims stage protest

Nazims of different Union Councils of Peshawar staged a protest demonstration in front of Peshawar Press Club on Monday to press the government for their demands. According to details, the Nazims across Peshawar gathered outside press club and staged a pr
Published 03 May, 2016 12:00am
Crackdown against non-paid duty vehicles directed in KP

Crackdown against non-paid duty vehicles directed in KP

The Federal Board of Revenue, while directing Model Customs Collectorate (MCC) Peshawar to launch crackdown against non-paid duty vehicles in different parts of Khyber Pakhtunkhwa, has also announced cash awards for all those extended help in the anti-smu
Published 03 May, 2016 12:00am
Engro terminal re-gasified 77BCF of LNG in 13 months

Engro terminal re-gasified 77BCF of LNG in 13 months

Country's first and only LNG Terminal at Port Qasim has so far re-gasified and pumped over 77 billion cubic feet of gas into the national gas distribution network by converting approximately 1.7 million tons of LNG imported so far. Engro's LNG Terminal fu
Published 03 May, 2016 12:00am
PTI rally: Lahore zoo suffers huge losses

PTI rally: Lahore zoo suffers huge losses

The Lahore Zoological Garden, which was forced to remain closed because of an anti-government rally by the Pakistan Tehreek-e-Insaf party, has suffered a loss of up to Rs 600,000, garden Director Shafqat Ali has claimed. He told reporters on Monday, "We d
Published 03 May, 2016 12:00am
Highest temperature recorded at Dadu

Highest temperature recorded at Dadu

Monday, 2nd May turned out to be the hottest day of the season so far as the mercury touched Dadu 48°C, Sh Benazirabad, Jacobabad 47°C, R Y Khan, Noorpurthal, Sukkur, Padidan, Larkana, Moen-jo-daro 46°C. According to the Meteorological department, the hig
Published 03 May, 2016 12:00am
CS reviews commodity prices, Ramazan package

CS reviews commodity prices, Ramazan package

Punjab Chief Secretary Zahid Saeed while chairing a high-level meeting to review the prices of daily use items and the Ramzan Package at the Civil Secretariat on Monday, ordered for special steps to monitor quality, supply and prices of eatables ahead of
Published 03 May, 2016 12:00am
Panama leaks: PAT demands withdrawal of government letter to SC

Panama leaks: PAT demands withdrawal of government letter to SC

The Pakistan Awami Tehreek demands the withdrawal of a letter written by the government to the Supreme Court under the 1956 Pakistan Commissions of Inquiry Act and fresh terms of reference be formulated to encompass suggestions by the country's opposition
Published 03 May, 2016 12:00am
Burning of girl in Galiyat: KP CM orders arrest of accused

Burning of girl in Galiyat: KP CM orders arrest of accused

KP Chief Minister Pervez Khattak Monday termed the incident of the burning of a girl alive inside a vehicle in Galiyat Abbottabad as highly sorrowful and condemnable incident and directed police for the immediate arrest of the culprits. He was responding
Published 03 May, 2016 12:00am
FCAG welcomes installation of scanning machine at Torkham

FCAG welcomes installation of scanning machine at Torkham

President, Frontier Customs Agents Group (FCAG) Khyber Pakhtunkhwa and Vice Chairman All Pakistan Custom Agents Association (APCAA), Ziaul Haq Sarhadi has hailed installation of scanner machine at Torkham border for checking luggage of Afghans crossing bo
Published 03 May, 2016 12:00am
Drap meeting to discuss hardship cases

Drap meeting to discuss hardship cases

Drug Regulatory Authority of Pakistan (Drap) will discuss and may approve hardship cases of almost 358 medicines in a meeting scheduled for May 4 and 5, 2016. According to Topline Research, local as well as multi-national companies have submitted their ap
Published 03 May, 2016 12:00am
Goods declarations filing: APCAA assured of display of valuation rulings

Goods declarations filing: APCAA assured of display of valuation rulings

Model Collectorate of Customs (MCC) - Appraisement West, has assured All Pakistan Customs Agents Association (APCAA) to allow displaying valuation rulings for taxpayers while filing Goods Declarations. This was stated by Dr Fareed Iqbal Qureshi, collector
Published 03 May, 2016 12:00am
Food outlets fined

Food outlets fined

The Punjab Food Authority has fined food outlets in the provincial metropolis for flouting the rules of hygiene and ordered them to improve. Field teams fined the Faisal and Zaiqa Restaurants in Kota Pindi on charges of using broken and dirty freezers, wh
Published 03 May, 2016 12:00am
Prison right place for corrupt people: Sarwar

Prison right place for corrupt people: Sarwar

Former Governor Punjab Chaudhary Muhammad Sarwar has said that prison is the ultimate place for the corrupt people. Pakistan Tehreek-e-Insaf will escalate anti-corruption campaign in the coming days. There is no threat to democracy from anti-corruption ca
Published 03 May, 2016 12:00am
Chinese delegation meets PBIT CEO

Chinese delegation meets PBIT CEO

During a meeting with a high profile Chinese delegation from the Oribiz International Business, Amena Cheema, Chief Executive Officer of Punjab Board of Investment and Trade (PBIT) said that a fund can be created comprising private investors, of which Pun
Published 03 May, 2016 12:00am
Prgmea rejects revision of DLTL's calculation method

Prgmea rejects revision of DLTL's calculation method

Pakistan Readymade Garment Manufacturers and Exporters Association (PRGMEA) on Monday rejected revision in Drawback of Local Taxes and Levies' (DLTL) calculation method. Prgmea's Chief Coordinator Ijaz Khokhar said on Monday that following the directives
Published 03 May, 2016 12:00am
Approval of Hajj Policy 2016: SC seeks report from Secretary Ministry

Approval of Hajj Policy 2016: SC seeks report from Secretary Ministry

The apex court on Monday issued directives to Secretary, Ministry of Religious Affairs, to inform the court after seeking instructions from the committee, constituted for Hajj Policy 2016 as to whether it can approve the new Hajj Policy in next two day. A
Published 03 May, 2016 12:00am
Poisonous sweetmeat: Elahi slams Shahbaz over deaths in Layyah

Poisonous sweetmeat: Elahi slams Shahbaz over deaths in Layyah

PML-Q senior central leader Chaudhry Parvez Elahi has said that if 200 beds hospital in Layyah and trauma centre in Fatehpur, established by our government were made functional eight years back by Chief Minister Shahbaz Sharif, no deaths would have been c
Published 03 May, 2016 12:00am
PSC approves 11 BT, two non-BT cotton varieties
Cotton

PSC approves 11 BT, two non-BT cotton varieties

Punjab Seed Council (PSC) on Monday approved 11 BT and two non-BT new cotton seed varieties with two years pause due to uncertain status of the National Bio-safety Committee (NBC) after the 18th Constitutional amendment. Talking to Business Recorder</i
Published 03 May, 2016 12:00am
ERP project: FESCO chief distributes laptops among field officers

ERP project: FESCO chief distributes laptops among field officers

Innovative approaches are being adopted in the Company in view of the requirements of the new era, said Chairman FESCO Board of Directors (BoDs) Khurram Mukhtar. He was addressing a function held here at Faisalabad Electric Supply Company (FESCO) headquar
Published 03 May, 2016 12:00am
Education sector 'Implementation of 18th Amendment should be ensured'

Education sector 'Implementation of 18th Amendment should be ensured'

The implementation of 18th constitutional amendment in education especially in higher education sector and autonomy of universities should be ensured. It was resolved by the participants on Monday at 2nd round table conference on "6 Years of 18th Constitu
Published 03 May, 2016 12:00am
Shab-e-Meraj tomorrow

Shab-e-Meraj tomorrow

Shab-e-Meraj-un-Nabi (Peace Be Upon Him) will be observed across the country on Wednesday night with traditional religious reverence and devotion. The Muslims every year on night of 26th of Rajab (Islamic calendar) observe Shab-e-Miraj in which the Holy P
Published 03 May, 2016 12:00am
Honda Atlas claims milestone of selling 275,000 cars

Honda Atlas claims milestone of selling 275,000 cars

The Honda Atlas Cars Company claims to have achieved a milestone in selling 275,000 cars and to celebrate its success the company has launched a lucky draw for its staff and buyers. The draw, which took place at the Honda Atlas Cars Factory on Monday, sta
Published 03 May, 2016 12:00am
FATA reforms committee meets in Peshawar

FATA reforms committee meets in Peshawar

Members of the FATA Reforms Committee held its meeting in Peshawar here on Monday chaired by its chairman Sartaj Aziz. The meeting, besides others, was also attended by Advisor to Prime Minister on Foreign Affairs Sartaj Aziz and tribal elders from all th
Published 03 May, 2016 12:00am
Ufone appoints Younas Iqbal as CCO

Ufone appoints Younas Iqbal as CCO

Ufone, Pakistan's premier telecom provider has appointed Younas Iqbal Sheikh as their new Chief Commercial Officer (CCO). He will now be leading the Marketing and Sales Departments and bear responsibilities to drive business growth and maintain Ufone's su
Published 03 May, 2016 12:00am
One killed over land dispute in Jamrud
Exchange

One killed over land dispute in Jamrud

A local tribesman was killed in firing between two groups over dispute on piece of land in Ghundi area of Tehsil Jamrud of Khyber Agency on Monday. The local political administration and local sources informed that since long a dispute had been erupted be
Published 03 May, 2016 12:00am
Iran ready to facilitate Pakistani businesspeople: Honardoost
Currency

Iran ready to facilitate Pakistani businesspeople: Honardoost

Ambassador of Iran, Mehdi Honardoost, has said that lack of trade-related information is one of the key reasons behind low trade volume between Pakistan and Iran. Speaking at Karachi Chamber of Commerce and Industry (KCCI) on Monday, he said that due to i
Published 03 May, 2016 12:00am
Easypaisa announces its successful up-gradation

Easypaisa announces its successful up-gradation

Pakistan's first and largest Mobile Money brand, Easypaisa, has announced on Monday its successful up-gradation to the next generation Financial Services platform established by world renowned technology provider Ericsson. Offering a number of added funct
Published 03 May, 2016 12:00am
Commissioner dismayed over poor arrangements at exam centres

Commissioner dismayed over poor arrangements at exam centres

The Commissioner Hyderabad Qazi Shahid Pervez has expressed his dismay over the poor arrangements at the examinations centres and asked the Chairman Board of Intermediate and Secondary Education (BISE) Hyderabad to take appropriate action against employee
Published 03 May, 2016 12:00am
Hesco removes 4725 connections

Hesco removes 4725 connections

The operation of Hyderabad Electric Supply Company against the defaulters has been in full swing in all districts of HESCO Region as during the month of April 2016; the special recovery teams disconnected 4725 power connections of the defaulters and also
Published 03 May, 2016 12:00am
Call for strengthening Pak-China banking channels

Call for strengthening Pak-China banking channels

Pakistan Businessmen and Intellectuals Forum (PBIF) President Mian Zahid Hussain has said that the ever-increasing economic cooperation between Pakistan and China requires improved banking channels. He said that China was playing an important role in the
Published 03 May, 2016 12:00am
Engro University wraps up its first-ever MT recruitment competition

Engro University wraps up its first-ever MT recruitment competition

The Engro University Linkages team wrapped up their first ever Engro Games: MT Recruitment Competition at a grand event held recently at the PC hotel. This unconventional month-long recruitment contest ran parallel to Engro Corporation's esteemed MT Recru
Published 03 May, 2016 12:00am
Wasan meets Zardari in London

Wasan meets Zardari in London

Sindh Minister for Mines and Minerals Development, Manzoor Hussain Wasan had a meeting with former President, Asif Ali Zardari in London on Monday. He briefed the former president about the progress of work on the development schemes in Sindh, said an off
Published 03 May, 2016 12:00am
SECP approves 'First Sehat Tahafuz Plan' microinsurance product
Exchange

SECP approves 'First Sehat Tahafuz Plan' microinsurance product

The Securities and Exchange Commission of Pakistan (SECP) has approved a new microinsurance product under the SECP (Microinsurance) Rules, 2014 with the name "First Sehat Tahafuz Plan" under which micro health (hospitalization) coverage can be provided to
Published 03 May, 2016 12:00am
320 grams of heroin seized at IMO Chaklala

320 grams of heroin seized at IMO Chaklala

The International Mail Office (IMO) of the Model Customs Collectorate (MCC) Islamabad on Monday seized 320 grams of heroin powder at IMO Chaklala, Rawalpindi, leading to a fourth major seizure of heroin totaling worth around 35 millions in 2-3 months peri
Published 03 May, 2016 12:00am
Imran slammed over 'mistreatment' of women at Lahore rally

Imran slammed over 'mistreatment' of women at Lahore rally

Pakistan Muslim League (PML-N) women parliamentarians on Monday flayed Pakistan Tehreek-e-Insaf (PTI) chief, Imran Khan over failure of the party leadership in containing PTI workers from manhandling female supporters of the party. Addressing a press conf
Published 03 May, 2016 12:00am
CPEC's western route: KP forms panel to explore opportunities

CPEC's western route: KP forms panel to explore opportunities

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has ordered constitution of a three members committee to explore possibilities of efficient economic opportunities on western route of CPEC and to keep liaison with the federal board of investment to safegu
Published 03 May, 2016 12:00am
PCS officers to go symbolic pen-down

PCS officers to go symbolic pen-down

PCS Officers Association, Khyber Pakhtunkhwa Monday announced a symbolic strike to press the provincial government for the acceptance of the demands. The decision was taken in a meeting held here at Civil Secretariat. After detailed deliberations, the PCS
Published 03 May, 2016 12:00am
Afghan Taliban commander arrested in Shangla

Afghan Taliban commander arrested in Shangla

An Afghan Taliban commander was apprehended during police and security forces raid in Jatkol area of Shangla district here on Monday. According to DPO Shangla, the arrested terrorists' commander identified as Saleh Muhammad is a member of an Afghan base t
Published 03 May, 2016 12:00am
Protest against corruption: 25 real estate agents arrested, released

Protest against corruption: 25 real estate agents arrested, released

The city police on Monday arrested around 25 real estate agents protesting against alleged corruption in the Capital Development Authority (CDA) and later released them. The protestors raised slogans against the CDA and demanded the authority to cut off t
Published 03 May, 2016 12:00am
Safety of buildings: Mughal Steel to launch new product 'Supreme'

Safety of buildings: Mughal Steel to launch new product 'Supreme'

In order to improve the safety of the buildings during earthquake occurrences, Mughal Steel Limited plans to roll out yet another innovative product-the earthquake resistant steel under the brand name of Supreme. The product shall be launched during the s
Published 03 May, 2016 12:00am
Safety of buildings: Mughal Steel to launch new product 'Supreme'

Safety of buildings: Mughal Steel to launch new product 'Supreme'

In order to improve the safety of the buildings during earthquake occurrences, Mughal Steel Limited plans to roll out yet another innovative product-the earthquake resistant steel under the brand name of Supreme. The product shall be launched during the s
Published 03 May, 2016 12:00am
Capital's security put on high alert after terror threats

Capital's security put on high alert after terror threats

Following intelligence reports of possible terror attacks, particularly at the capital's five star hotels and restaurants, law enforcement agencies have put security on high alert. Police sources said that intelligence agencies warned a few days ago that
Published 03 May, 2016 12:00am
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