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May 11, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-05-04
Concluding ceremony of ASLP project held

Concluding ceremony of ASLP project held

The Agriculture Sector Linkages Program (ASLP) dairy project has been running in the University of Veterinary and Animal Sciences, Lahore since 2007 as a collaborative initiative between the Pakistani and Australian governments. ASLP 2nd project concludin
Published 04 May, 2016 12:00am
The Weather

The Weather

The weather report on Tuesday (May 03, 2016) and the forecast for Wednesday (May 04, 2016).

Published 04 May, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (May 03, 2016).

Published 04 May, 2016 12:00am
Bank levy Reduced rate of 0.4 percent WHT to continue till 30th: FBR

Bank levy Reduced rate of 0.4 percent WHT to continue till 30th: FBR

The Federal Board of Revenue (FBR) has notified that the reduced rate of 0.4 percent withholding tax on banking transactions of non-filers shall continue till the extended date, ie, May 30, 2016. According to SRO .370(I)/2016 issued by the FBR here on Tue
Published 04 May, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (May 03, 2016).

Published 04 May, 2016 12:00am
SC raises HGOs' quota to 50 percent

SC raises HGOs' quota to 50 percent

While turning down A 40 percent allocation to private scheme for Hajj Group Organizers (HGOs) quota in the Hajj Policy 2016 on Tuesday, the top court equalised it to 50 percent each for public and private sector. "Reasons to be recorded separately and the
Published 04 May, 2016 12:00am
PPP chief Bilawal's demand

PPP chief Bilawal's demand

According to Pakistan People's Party (PPP) chairman Bilawal Bhutto Zardari Prime Minister Nawaz Sharif's government will not be able to complete its constitutional term as the days of the government have been numbered after the onset of the Panama leaks.
Published 04 May, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (May 03, 2016).

Published 04 May, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (May 03, 2016)

Published 04 May, 2016 12:00am
Hush! The engineer is listening
Exchange

Hush! The engineer is listening

Let us praise the Lord, and raise one to our Editor. The Editor for his perseverance: giving us space, week after week, to vent, and to wonder if anyone is listening. The Lord for the miracle: the Engineer listens! On Wednesday the 27th we got our comeupp
Published 04 May, 2016 12:00am
Country needs a civil-military 'CoE'

Country needs a civil-military 'CoE'

The Ministry of Defence has sought Rs 920 billion - an 18 percent increase over the current year's budgeted Rs 781 - for the fiscal year 2016-17. In the outgoing year the defence budget was increased by 11.6 percent against the allocation for the previous
Published 04 May, 2016 12:00am
Rising political temperatures

Rising political temperatures

Political discourse surrounding the Panama leaks scandal has turned into a no-holds barred war of words. The PTI leading the opposition's charge against the Prime Minister for his family's alleged involvement in the corruption scandal is well within its r
Published 04 May, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (May 03, 2016).

Published 04 May, 2016 12:00am
NFC award: inordinate delay
Currency

NFC award: inordinate delay

According to a Business Recorder exclusive, the federal government is likely to promulgate an ordinance extending the 7th National Finance Commission (NFC) award agreed in 2009 and approved by parliament in April 2010 for yet another year. The reas
Published 04 May, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (May 03, 2016).

Published 04 May, 2016 12:00am
Five arrested for desecrating Sikh's turban

Five arrested for desecrating Sikh's turban

Five people appeared in a court Tuesday accused of blasphemy after a Sikh man complained they had desecrated his turban during a scuffle over a delayed bus. Mahindar Paul Singh, 29, went to police after the clash on Sunday during a journey from the city o
Published 04 May, 2016 12:00am
Five arrested for desecrating Sikh's turban

Five arrested for desecrating Sikh's turban

Five people appeared in a court Tuesday accused of blasphemy after a Sikh man complained they had desecrated his turban during a scuffle over a delayed bus. Mahindar Paul Singh, 29, went to police after the clash on Sunday during a journey from the city o
Published 04 May, 2016 12:00am
China, Japan growth to slow sharply in 2016, IMF warns

China, Japan growth to slow sharply in 2016, IMF warns

China and Japan''''s economies are expected to slow sharply over the next two years but Asian growth will remain strong as domestic demand takes up the slack from weak global trade, the IMF said Tuesday. Government stimulus measures, lower commodity price
Published 04 May, 2016 12:00am
Gold up in Asia

Gold up in Asia

Gold rose on Tuesday, in another attempt to cross the key $1,300-an-ounce level, as the US dollar extended losses and as assets of the top bullion fund rose to their highest in over two years. Gold has rallied sharply since late last week after the dollar
Published 04 May, 2016 12:00am
Gold hits 15-month high in New York
Currency

Gold hits 15-month high in New York

Gold rose to a fresh 15-month peak above $1,300 an ounce on Monday in holiday-thinned trade as an early retreat in the dollar drove prices higher, though it later eased as the US currency pared losses. Spot gold peaked at $1,303.60 an ounce, its highest s
Published 04 May, 2016 12:00am
Sugar off five-week high as Brazilian real falls
Currency

Sugar off five-week high as Brazilian real falls

Raw sugar futures on ICE turned higher on late-day buying on Tuesday but remained below the prior session's five-week high on pressure from the firm US dollar. Arabica coffee nudged down to a two-month low while cocoa prices fell, joining the weakness in
Published 04 May, 2016 12:00am
Palm oil falls on declining export demand
Exchange

Palm oil falls on declining export demand

Malaysian palm oil futures fell to a near two-month low on Tuesday, as poor demand for palm oil shipments weighed down the market. The palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange fell 2.1 percent to 2,539 ringgit ($647)
Published 04 May, 2016 12:00am
Brazil allows 100,000 tonnes tariff-free corn imports

Brazil allows 100,000 tonnes tariff-free corn imports

Brazil has given grain trading companies an initial quota of 100,000 tonnes of tariff-free corn on purchases outside of the Mercosur trade bloc, the trade ministry stated in the official gazette on Tuesday. The gazette gave details on duty-free imports fr
Published 04 May, 2016 12:00am
Oil down second straight day; rising output reignites glut worry

Oil down second straight day; rising output reignites glut worry

Oil prices fell for a second day on Tuesday, retreating further from the year's highs hit last week, as rising output renewed worries about the global glut of crude, the US dollar rebounded and equity markets weakened. Output from the biggest oil producer
Published 04 May, 2016 12:00am
Copper slides as China data and higher dollar weigh
Exchange

Copper slides as China data and higher dollar weigh

Copper fell on Tuesday as funds took profits and manufacturing data from China undermined confidence, but expectations of stronger demand in the top consumer helped support prices. Benchmark copper on the London Metal Exchange ended down 2.6 percent at $4
Published 04 May, 2016 12:00am
Shanghai copper up
Exchange

Shanghai copper up

Shanghai Futures Exchange copper traded up 1 percent at 37,510 yuan ($5,794) a tonne on Tuesday. The LME and ShFE were both closed on Monday. In other metals, ShFE nickel surged 5 percent as momentum-based funds bought the contract on a constructive techn
Published 04 May, 2016 12:00am
Cotton up on weak dollar, short covering
Cotton

Cotton up on weak dollar, short covering

Cotton futures rose nearly one percent to register the biggest gain in more than a week on Monday, helped by a weak dollar and short covering. "There is an element of people who think they should be long in the commodities market in general," said Keith B
Published 04 May, 2016 12:00am
Mixed trend on grain market

Mixed trend on grain market

Prices moved both ways on the wholesale grain market on Tuesday in the process of trading, dealers added. On the cereals side, Urad Burma lost Rs 300 to Rs 7200, other commodities maintained overnight levels, they said. On the grams side, Grams Australia
Published 04 May, 2016 12:00am
CBOT wheat futures fall

CBOT wheat futures fall

US wheat futures fell on Monday, pressured by good conditions for growth across the US Plains and ample supplies both domestically and globally, traders said. Heavy deliveries against expiring contracts illustrated how plentiful stocks were in the country
Published 04 May, 2016 12:00am
Cotton market: trade activity rises on dwindling stock
Cotton

Cotton market: trade activity rises on dwindling stock

The volume of business improved on fresh buying interest by mills, dealers said on the cotton market on Tuesday. The official spot rate was down by Rs 50 to Rs 5,600 dealers said. In the Punjab, prices showed no change at Rs 3100 and Rs 3400, they said. I
Published 04 May, 2016 12:00am
Oil cake market rates
Cotton

Oil cake market rates

A downward trend seen on the forward cottonseeds oilcake market on Tuesday in the process of trading, dealers said. The May vaida closed at Rs 2046.70 and it showed no change in morning session, they said. The July vaida settled at Rs 2048.50 it also star
Published 04 May, 2016 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 136,294 tonnes of cargo comprising 111,087 tonnes of import cargo and 25,207 tonnes of export cargo including 6,059 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 11
Published 04 May, 2016 12:00am
EU wheat futures prices ease
Currency

EU wheat futures prices ease

Benchmark European wheat futures prices eased on Monday, pressured by an eight-month high for the euro against the dollar and a pullback in US grain futures after a rally last month. Cash markets in Germany and Poland were steady to firm, however, as a te
Published 04 May, 2016 12:00am
US FOB Gulf grain export premiums unchanged

US FOB Gulf grain export premiums unchanged

Export premiums for corn, soyabeans and wheat were quietly unchanged for shipments at the US Gulf Coast on Monday as demand was largely routine and some European and Asian traders were on holiday, traders said. Corn and soyabean basis offers were flat as
Published 04 May, 2016 12:00am
US Midwest soya bids remain steady

US Midwest soya bids remain steady

Spot soyabean basis bids around the US Midwest on Monday at processors and elevators were steady given minimal farmer sales as futures rallied from session lows, grain merchants said. Chicago Board of Trade soyabeans finished near highs of the day, lifted
Published 04 May, 2016 12:00am
US natural gas futures fall on warm weather forecasts
Exchange

US natural gas futures fall on warm weather forecasts

US natural gas futures fell more than 6 percent on Monday on forecasts for weaker heating demand for the next two weeks, erasing Friday's near 5 percent gain after a pipeline blast in Pennsylvania. After rising to a 12-week high on Friday, front-month gas
Published 04 May, 2016 12:00am
Daily trading report of PMEX
Exchange

Daily trading report of PMEX

On Monday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 5,097 million and the number of lots traded was 13.70 million. PMEX Commodity Index closed at 2,856. Major business was contributed by gold amounting to PKR 4,513 million followed by
Published 04 May, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 04 May, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 04 May, 2016 12:00am
State Bank of Pakistan conversion rates
Exchange

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 04 May, 2016 12:00am
Barclays bid rates and maximum rates for payment of interest
Exchange

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 04 May, 2016 12:00am
Currency notes: exchange rates
Exchange

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Tuesday (May 03, 2016).

Published 04 May, 2016 12:00am
US opposes conditions to release of foreign aid funds to Pakistan: Kirby

US opposes conditions to release of foreign aid funds to Pakistan: Kirby

The United States opposes conditions to the release of appropriated foreign assistance funds to Pakistan including sale of 8 F-16 aircraft. State Department spokesman John Kirby said at a briefing here on Monday. "As a matter of longstanding principle, th
Published 04 May, 2016 12:00am
US tells Pakistan it will have to fund F-16s itself

US tells Pakistan it will have to fund F-16s itself

The United States has told Pakistan it will have to finance the purchase of American F-16 fighter jets itself after members of the US Congress objected to using government funds to pay for them. The US government said in February it had approved the sale
Published 04 May, 2016 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (May 03, 2016).
Published 04 May, 2016 12:00am
US tells Pakistan it will have to fund F-16s itself

US tells Pakistan it will have to fund F-16s itself

The United States has told Pakistan it will have to finance the purchase of American F-16 fighter jets itself after members of the US Congress objected to using government funds to pay for them. The US government said in February it had approved the sale
Published 04 May, 2016 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (May 03, 2016).

Published 04 May, 2016 12:00am
Pakistan has one month's time to buy F16s

Pakistan has one month's time to buy F16s

Pakistan has time till May end to avail the American offer to procure eight F-16s at an estimated cost of $700 million after Obama administration told Islamabad that it should put forward national funds to buy these fighter jets. The State Department spok
Published 04 May, 2016 12:00am
Missile programmes make country's defence system more strong: Dr Samar

Missile programmes make country's defence system more strong: Dr Samar

"Nuclear and missile programmes have made the defence system of Pakistan more strong and unbeatable and it can only be possible through hard work, devotion and patriotism." These views were expressed by the famous atomic scientist Dr Samar Mubarak Mund at
Published 04 May, 2016 12:00am
General Raheel confirms death sentences of 11 terrorists

General Raheel confirms death sentences of 11 terrorists

Chief of Army Staff (CoAS) General Raheel Sharif on Tuesday confirmed death sentences awarded to another 11 hardcore terrorists, who were involved in committing heinous offences related to terrorism including killing and kidnapping civilians, attacks on A
Published 04 May, 2016 12:00am
General Raheel confirms death sentences of 11 terrorists

General Raheel confirms death sentences of 11 terrorists

Chief of Army Staff (CoAS) General Raheel Sharif on Tuesday confirmed death sentences awarded to another 11 hardcore terrorists, who were involved in committing heinous offences related to terrorism including killing and kidnapping civilians, attacks on A
Published 04 May, 2016 12:00am
'Special' anti-corruption drive being carried out in army: ISPR chief

'Special' anti-corruption drive being carried out in army: ISPR chief

Director General (DG) Inter-Services Public Relations (ISPR) Lieutenant-General Asim Saleem Bajwa on Tuesday stated that the Chief of the Army Staff (CoAS) General Raheel Sharif has ratified the death sentences of eleven terrorists on May 3, adding that t
Published 04 May, 2016 12:00am
'Special' anti-corruption drive being carried out in army: ISPR chief

'Special' anti-corruption drive being carried out in army: ISPR chief

Director General (DG) Inter-Services Public Relations (ISPR) Lieutenant-General Asim Saleem Bajwa on Tuesday stated that the Chief of the Army Staff (CoAS) General Raheel Sharif has ratified the death sentences of eleven terrorists on May 3, adding that t
Published 04 May, 2016 12:00am
Opposition ToRs place burden of proof on prime minister, his family

Opposition ToRs place burden of proof on prime minister, his family

Opposition parties on Tuesday formulated unanimous Terms of References (ToRs) for formation of a judicial commission to probe Prime Minister Nawaz Sharif and his family with respect to Panama leaks and the inquiry shall be completed within three months. I
Published 04 May, 2016 12:00am
Opposition ToRs place burden of proof on prime minister, his family

Opposition ToRs place burden of proof on prime minister, his family

Opposition parties on Tuesday formulated unanimous Terms of References (ToRs) for formation of a judicial commission to probe Prime Minister Nawaz Sharif and his family with respect to Panama leaks and the inquiry shall be completed within three months. I
Published 04 May, 2016 12:00am
'I've people's mandate', insists Prime Minister

'I've people's mandate', insists Prime Minister

Prime Minister Muhammad Nawaz Sharif on Tuesday said the government would not be deterred by political blustering and would continue to pursue the agenda of development and prosperity. "However, if corruption worth a single penny is proved against me, I w
Published 04 May, 2016 12:00am
'I've people's mandate', insists Prime Minister

'I've people's mandate', insists Prime Minister

Prime Minister Muhammad Nawaz Sharif on Tuesday said the government would not be deterred by political blustering and would continue to pursue the agenda of development and prosperity. "However, if corruption worth a single penny is proved against me, I w
Published 04 May, 2016 12:00am
Private sector: 2 Thar-based coal-fired power projects approved by PPIB

Private sector: 2 Thar-based coal-fired power projects approved by PPIB

The Board of Private Power and Infrastructure Board (PPIB) on Tuesday approved two private sector indigenous coal-fired power projects of 600 MW in Thar( Sindh) Hub Power Company Limited will build a 330MW power project at block-II of Thar, while another
Published 04 May, 2016 12:00am
Private sector: 2 Thar-based coal-fired power projects approved by PPIB

Private sector: 2 Thar-based coal-fired power projects approved by PPIB

The Board of Private Power and Infrastructure Board (PPIB) on Tuesday approved two private sector indigenous coal-fired power projects of 600 MW in Thar( Sindh) Hub Power Company Limited will build a 330MW power project at block-II of Thar, while another
Published 04 May, 2016 12:00am
Private sector: 2 Thar-based coal-fired power projects approved by PPIB

Private sector: 2 Thar-based coal-fired power projects approved by PPIB

The Board of Private Power and Infrastructure Board (PPIB) on Tuesday approved two private sector indigenous coal-fired power projects of 600 MW in Thar( Sindh) Hub Power Company Limited will build a 330MW power project at block-II of Thar, while another
Published 04 May, 2016 12:00am
China, Japan growth to slow sharply in 2016, IMF warns

China, Japan growth to slow sharply in 2016, IMF warns

China and Japan's economies are expected to slow sharply over the next two years but Asian growth will remain strong as domestic demand takes up the slack from weak global trade, the IMF said Tuesday. Government stimulus measures, lower commodity prices a
Published 04 May, 2016 12:00am
China, Japan growth to slow sharply in 2016, IMF warns

China, Japan growth to slow sharply in 2016, IMF warns

China and Japan's economies are expected to slow sharply over the next two years but Asian growth will remain strong as domestic demand takes up the slack from weak global trade, the IMF said Tuesday. Government stimulus measures, lower commodity prices a
Published 04 May, 2016 12:00am
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