News Archives for Print - 2016-08-02 - Business Recorder

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Print - 2016-08-02

Panama leaks: Government's plan to amend Inquiry Act was not enough: Shah

Panama leaks: Government's plan to amend Inquiry Act was not enough: Shah

Opposition Leader in the National Assembly Syed Khursheed Ahmed Shah on Monday said that the government plan to amend Inquiry Act, 1956 was not enough as it had to do a lot more to ensure a transparent probe into Panama Leaks. There are reports that under

Published 02 Aug, 2016 12:00am

Minister announces 'economic long march' under Vision 2025

Minister announces 'economic long march' under Vision 2025

Federal Minister for Planning, Development and Reform Ahsan Iqbal has said on Monday that an "Economic Long March" will be launched on August 11 on completion of the two years of the Vision 2025. Speaking at a press conference here on Monday, he said that

Published 02 Aug, 2016 12:00am

Special attention being paid to girls' education: minister

Special attention being paid to girls' education: minister

The provincial government is paying special attention to the girls' education, particularly in the Southern Punjab and enhanced the monthly stipend from Rs 200 to Rs 1000 to encourage enrolment. The Punjab Minister for Education, Youth Affairs, Sports, To

Published 02 Aug, 2016 12:00am

Pesco surveillance teams nab 214 more power pilferers

Pesco surveillance teams nab 214 more power pilferers

PESCO Surveillance Teams conducted raids different parts of the province and nabbed 214 power pilferers. According to spokesman of the company 52 electricity pilferers were caught in the areas of Khyber Circle in Tall and Hangu sub-divisions including Gol

Published 02 Aug, 2016 12:00am

168 held in crackdown against profiteers

168 held in crackdown against profiteers

District administration Peshawar arrested 168 shopkeepers and four quacks were arrested in a crackdown against profiteers in the city, Saddar, Hayatabad and suburban localities. On the directives of Deputy Commissioner (DC), Riaz Khan Mehsud, the Addition

Published 02 Aug, 2016 12:00am

Territorial jurisdiction: LHC dismisses petition as withdrawn

Territorial jurisdiction: LHC dismisses petition as withdrawn

A larger bench of the Lahore High Court on Monday dismissed a petition as withdrawn challenging territorial jurisdiction of LHC principal seat and its regional benches. The bench while dismissing the petition observed that the matter would be taken up in

Published 02 Aug, 2016 12:00am

FIA unearths fake educational consultancy firm

FIA unearths fake educational consultancy firm

A team of the Federal Investigation Agency (FIA) following a raid at Gujranwala has unearthed a fake educational consultancy firm namely Buraq International and arrested its owner Muneeb Arshad. The FIA team has seized bank statements, stamps, letter pads

Published 02 Aug, 2016 12:00am

Transferred

Transferred

Syeda Shafaq Hashmi, a BS-18 officer of Pakistan Administrative Service (PAS), presently posted as Director Pakistan Housing Authority under Ministry of Housing is transferred and directed to report to Establishment Division, with immediate effect and unt

Published 02 Aug, 2016 12:00am

Rangers' powers: Chandio says issue resolved amicably

Rangers' powers: Chandio says issue resolved amicably

Advisor to the Chief Minister Sindh Moula Bux Chandio said on Monday that Rangers' special powers issue has been resolved amicably that will help maintain law and order in Sindh province.

Published 02 Aug, 2016 12:00am

Pemra chief visits offices of TV channels

Pemra chief visits offices of TV channels

The chief of Pakistan Electronic Media Regulatory Authority (Pemra), Absar Alam, has said that no one would be allowed to suppress or obstruct freedom of the press and expression. Addressing a press conference here on Monday, he said Pemra is endeavouring

Published 02 Aug, 2016 12:00am

CM reviews progress in cases of missing children

CM reviews progress in cases of missing children

Punjab Chief Minister Shahbaz Sharif presided over a high-level meeting here on Monday which reviewed overall law and order situation in the province, progress in the cases of missing children and performance of Child Protection Bureau. The meeting also r

Published 02 Aug, 2016 12:00am

Pak-Turkish ties transforming into economic partnership: Turkish FM

Pak-Turkish ties transforming into economic partnership: Turkish FM

Turkish Foreign Minister Mevlut Cavusoglu, who arrived here on Monday night on a one-day official visit to Pakistan, said the excellent bilateral relations were being transformed into economic partnership for the mutual benefit of both countries. "The exc

Published 02 Aug, 2016 12:00am

YLC 2016 concludes

YLC 2016 concludes

Young Leaders Conference (YLC), 2016 concluded at the Dream World Resort in Karachi. The enlightening forum is a pioneering effort from the 'School of Leadership' (SoL) to provide confidence and exposure to 300 participants each year from diverse backgrou

Published 02 Aug, 2016 12:00am

Torkham: KP governor explains significance of steps

Torkham: KP governor explains significance of steps

Governor Khyber Pakhtunkhwa Iqbal Zafar Jhagra on Monday said that federal government was taking measures to legalise movement on Torkham border so that to establish peace and protect lives of tribesmen living close to bordering area. Addressing a gatheri

Published 02 Aug, 2016 12:00am

Indian-held Kashmir: UN again calls for peaceful resolution of situation

Indian-held Kashmir: UN again calls for peaceful resolution of situation

Amid escalating tensions in Indian-held Kashmir, a UN spokesman Monday reiterated Secretary-General Ban Ki-moon's call for a peaceful resolution of the situation in the disputed region. Responding to questions from Pakistani journalists at the regular noo

Published 02 Aug, 2016 12:00am

British DFID assures support to Punjab

British DFID assures support to Punjab

Despite British exit from the European Union, the Head of British Department for International Development (DFID) in Pakistan Ms. Joanna Reid called on Punjab Chief Minister Muhammad Shahbaz Sharif, here on Monday and assured that cooperation would be con

Published 02 Aug, 2016 12:00am

$14.2 billion loans, $5.77 billion IMF funding obtained in 5 years: NA told

$14.2 billion loans, $5.77 billion IMF funding obtained in 5 years: NA told

Pakistan obtained $14.2 billion foreign loans from various banks and $5.77 billion from the International Monetary Fund (IMF) during last five years. The country received $3.44 billion under the Coalition Support Fund from the United States of America (US

Published 02 Aug, 2016 12:00am

Plot to smuggle 177kg of Charas foiled

Plot to smuggle 177kg of Charas foiled

The Model Customs Collectorate Hyderabad has foiled an attempt of smuggling of contraband goods/narcotics by seizing 177 kilograms Charas from hidden parts of a car near Jacobabad. The spokesman for Model Customs Collectorate Hyderabad, Muhammad Yaqoob Pa

Published 02 Aug, 2016 12:00am

Coca-Cola Pakistan creates unique music experience for deaf

Coca-Cola Pakistan creates unique music experience for deaf

Preceding the launch of Coke Studio Season 9, Pakistan's biggest music platform, Coca-Cola Pakistan has created a unique music experience for the hearing-challenged in Pakistan. Coke Studio for the deaf enables people with little or no hearing ability to

Published 02 Aug, 2016 12:00am

Five KU employees removed, salaries of 11 stopped

Five KU employees removed, salaries of 11 stopped

The University of Karachi has dismissed five employees for not qualifying the selection board while also stopped salaries of 11 employees due to absence from service. An official of the institution said on Monday that the Registrar has notified that KU ad

Published 02 Aug, 2016 12:00am

Acute water shortage cripples export-oriented units: SSAI

Acute water shortage cripples export-oriented units: SSAI

President of Site Superhighway Association of Industry (SSAI) Mehtabuddin Chawla has demanded of the Sindh Chief Minister, Governor and the D.G. Rangers to ensure that the industrial estate get its share of water according to its allocated quota. "Due to

Published 02 Aug, 2016 12:00am

LB election in Punjab: amendments withdrawn to enable early completion of process

LB election in Punjab: amendments withdrawn to enable early completion of process

On the directions of the PM, the Government of Punjab has withdrawn the amendments through an ordinance with a view to enable it for immediate completion of electoral process of local bodies. In order for immediate commencement of the process the advocate

Published 02 Aug, 2016 12:00am

CDC extends public dealing hours

CDC extends public dealing hours

Central Depository Company (CDC) has extended its public dealing timings at its head office, CDC House, here. The new counter timings are from 9:00am to 7:00pm from Monday to Friday. Furthermore, CDC has also opened its door to the public on Saturdays fro

Published 02 Aug, 2016 12:00am

CDC extends public dealing hours

CDC extends public dealing hours

Central Depository Company (CDC) has extended its public dealing timings at its head office, CDC House, here. The new counter timings are from 9:00am to 7:00pm from Monday to Friday. Furthermore, CDC has also opened its door to the public on Saturdays fro

Published 02 Aug, 2016 12:00am

USAID, Engro sign MoU

USAID, Engro sign MoU

The United States Agency for International Development (USAID) and the Engro Foundation signed a memorandum of understanding (MoU) on Monday to generate investment opportunities and access to modern information technology for farmers in Punjab. "The MoU s

Published 02 Aug, 2016 12:00am

PICT clears backlog of up to 7000 TEUs

PICT clears backlog of up to 7000 TEUs

The previously disenchanted traders have seconded as the Philippines operators of Pakistan International Container Terminal (PICT) claimed to have cleared a backlog of thousands of containers stranded at the container terminal after a weeklong Eid holiday

Published 02 Aug, 2016 12:00am

Dar must pay attention to dwindling exports: PBIF chief

Dar must pay attention to dwindling exports: PBIF chief

President of Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said that Finance Minister Ishaq Dar should take notice of the performance of export sector which is going down due to incompetence of some officials. He said that bu

Published 02 Aug, 2016 12:00am

New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 02 Aug, 2016 12:00am

New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 02 Aug, 2016 12:00am

Cotton futures hit two-week high

Cotton

Cotton futures hit two-week high

Cotton futures rose to the highest in two weeks on Monday, supported by strong demand as concerns over dry weather in Texas persisted amid expectations of deteriorating conditions for the natural fibre crop in a US government report. "Weather is the main

Published 02 Aug, 2016 12:00am

US crude breaks below $40 as oil ends down four percent on glut

US crude breaks below $40 as oil ends down four percent on glut

US crude tumbled below $40 per barrel on Monday for the first time since April, as oil prices settled down nearly 4 percent on heightened worries of a crude glut despite peak summer fuel demand. A nearly 15-percent slump in US crude prices in July, the wo

Published 02 Aug, 2016 12:00am

'An icon of the Left'

'An icon of the Left'

This is apropos Business Recorder editorial "An icon of the Left" carried by the newspaper on Sunday. No doubt, it constitutes a befitting tribute to the late Mairaj Mohammad Khan who led his entire life without losing sight of his ideals that he u

Published 02 Aug, 2016 12:00am

Clinton's 'Rust Belt' tour courts white working class

Clinton's 'Rust Belt' tour courts white working class

Hillary Clinton took a bus tour across the US "rust belt" region this weekend in a quest to win over white, working class voters who tend to support populist Republican Donald Trump. With her husband ex-president Bill Clinton in tow, the former first lady

Published 02 Aug, 2016 12:00am

Draconian Cybercrimes Bill

Draconian Cybercrimes Bill

The Cybercrimes Bill 2016 has been unanimously passed by the Senate after incorporating about 55 amendments in the draft received from the National Assembly. It will now be sent back to the National Assembly for consideration. The National Assembly had di

Published 02 Aug, 2016 12:00am

About the 'flourishing democracy'

About the 'flourishing democracy'

Last week, during an interview to a TV channel when the US Ambassador in Pakistan was asked whether the US will support those who want to derail democracy in Pakistan, he said "No, not at all" because the US vigorously supports Pakistan's flourishing demo

Published 02 Aug, 2016 12:00am

Parliament needs to change mindset

Parliament needs to change mindset

We don't learn. Consider: Not only has a loan defaulters' list placed before the Senate of Pakistan embarrassed the present rulers, it has also sought to demean a number of genuine Pakistani businesspeople. Magna Carta is a charter agreed to by King John

Published 02 Aug, 2016 12:00am

Treading with care

Cotton

Treading with care

Analysts were almost equally divided over whether the monetary policy is eased further. However, the Monetary Policy Committee (MPC) of the SBP decided to keep the policy rate unchanged, mainly on the ground that though performance of the economy during F

Published 02 Aug, 2016 12:00am

Killings in IHK: Prime Minister to write letters to members of UNSC: Aziz

Killings in IHK: Prime Minister to write letters to members of UNSC: Aziz

Prime Minister Nawaz Sharif will write separate letters to five heads of states of United Nations Security Council members to highlight atrocities of Indian forces in occupied Kashmir, besides highlighting the issue at all international forums. This was s

Published 02 Aug, 2016 12:00am

Killings in IHK: Prime Minister to write letters to members of UNSC: Aziz

Killings in IHK: Prime Minister to write letters to members of UNSC: Aziz

Prime Minister Nawaz Sharif will write separate letters to five heads of states of United Nations Security Council members to highlight atrocities of Indian forces in occupied Kashmir, besides highlighting the issue at all international forums. This was s

Published 02 Aug, 2016 12:00am

Clinton leads Trump by seven points: poll

Clinton leads Trump by seven points: poll

Hillary Clinton got a four-point bounce in support after the Democratic National Convention and now leads Donald Trump by seven points in the race for the White House, says a poll released Monday. Clinton's lead over the Republican Trump is 46 percent to

Published 02 Aug, 2016 12:00am

The Weather

The Weather

The weather report on Monday (August 01, 2016) and the forecast for Tuesday (August 02, 2016).

Published 02 Aug, 2016 12:00am

Clinton leads Trump by seven points: poll

Clinton leads Trump by seven points: poll

Hillary Clinton got a four-point bounce in support after the Democratic National Convention and now leads Donald Trump by seven points in the race for the White House, says a poll released Monday. Clinton's lead over the Republican Trump is 46 percent to

Published 02 Aug, 2016 12:00am

Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (August 01, 2016).

Published 02 Aug, 2016 12:00am

Highest-ever in single month: SRB collects Rs 6.842 billion SST in July

Highest-ever in single month: SRB collects Rs 6.842 billion SST in July

Sindh Revenue Board (SRB) has achieved another milestone by collecting Rs 6.842 billion on account of Sindh Sales Tax (SST) during July 2016. This is the highest-ever amount of SST collected in any one single month ever since SRB started collecting SST in

Published 02 Aug, 2016 12:00am

LME official prices

LME official prices

The following were Friday official prices.

Published 02 Aug, 2016 12:00am

Highest-ever in single month: SRB collects Rs 6.842 billion SST in July

Highest-ever in single month: SRB collects Rs 6.842 billion SST in July

Sindh Revenue Board (SRB) has achieved another milestone by collecting Rs 6.842 billion on account of Sindh Sales Tax (SST) during July 2016. This is the highest-ever amount of SST collected in any one single month ever since SRB started collecting SST in

Published 02 Aug, 2016 12:00am

LME official prices

LME official prices

The following were Friday official prices.

Published 02 Aug, 2016 12:00am

Highest-ever in single month: SRB collects Rs 6.842 billion SST in July

Highest-ever in single month: SRB collects Rs 6.842 billion SST in July

Sindh Revenue Board (SRB) has achieved another milestone by collecting Rs 6.842 billion on account of Sindh Sales Tax (SST) during July 2016. This is the highest-ever amount of SST collected in any one single month ever since SRB started collecting SST in

Published 02 Aug, 2016 12:00am

Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (August 01, 2016).

Published 02 Aug, 2016 12:00am

Western route cannot be completed by 2018: NHA chief

Western route cannot be completed by 2018: NHA chief

The western route under the China Pakistan Economic Corridor (CPEC), required for effective connectivity to Gwadar Port, cannot be completed before 2020, Chairman National Highway Authority (NHA) Shahid Ashraf Tarar categorically stated here on Monday. "T

Published 02 Aug, 2016 12:00am

Karachi Yarn Market Rate

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Monday (August 01, 2016).

Published 02 Aug, 2016 12:00am

Western route cannot be completed by 2018: NHA chief

Western route cannot be completed by 2018: NHA chief

The western route under the China Pakistan Economic Corridor (CPEC), required for effective connectivity to Gwadar Port, cannot be completed before 2020, Chairman National Highway Authority (NHA) Shahid Ashraf Tarar categorically stated here on Monday. "T

Published 02 Aug, 2016 12:00am

Karachi Yarn Market Rate

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Monday (August 01, 2016).

Published 02 Aug, 2016 12:00am

Western route cannot be completed by 2018: NHA chief

Western route cannot be completed by 2018: NHA chief

The western route under the China Pakistan Economic Corridor (CPEC), required for effective connectivity to Gwadar Port, cannot be completed before 2020, Chairman National Highway Authority (NHA) Shahid Ashraf Tarar categorically stated here on Monday. "T

Published 02 Aug, 2016 12:00am

Faisalabad yarn and fibre prices

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Monday (August 01, 2016).

Published 02 Aug, 2016 12:00am

Abbottabad most expensive town in Pakistan

Abbottabad most expensive town in Pakistan

Abbottabad has become the most expensive town while Dadu the cheapest city of the country, the State Bank of Pakistan (SBP) said in its inflation monitor. According to the SBP, among 40 leading cities of the country, Abbottabad has witnessed the highest i

Published 02 Aug, 2016 12:00am

Faisalabad yarn and fibre prices

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Monday (August 01, 2016).

Published 02 Aug, 2016 12:00am

Abbottabad most expensive town in Pakistan

Abbottabad most expensive town in Pakistan

Abbottabad has become the most expensive town while Dadu the cheapest city of the country, the State Bank of Pakistan (SBP) said in its inflation monitor. According to the SBP, among 40 leading cities of the country, Abbottabad has witnessed the highest i

Published 02 Aug, 2016 12:00am

Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (August 01, 2016)

Published 02 Aug, 2016 12:00am

Abbottabad most expensive town in Pakistan

Abbottabad most expensive town in Pakistan

Abbottabad has become the most expensive town while Dadu the cheapest city of the country, the State Bank of Pakistan (SBP) said in its inflation monitor. According to the SBP, among 40 leading cities of the country, Abbottabad has witnessed the highest i

Published 02 Aug, 2016 12:00am

Lahore Paper Market Rates

Lahore Paper Market Rates

Paper market rates in rupees on Monday (August 01, 2016).

Published 02 Aug, 2016 12:00am

Construction of hotel: CDA annuls 99-year lease agreement

Construction of hotel: CDA annuls 99-year lease agreement

Capital Development Authority (CDA) on Monday cancelled the 99 years lease granted to BNP (Private) Limited for construction of Grand Hayat located on Constitution Avenue Adjacent to Convention Centre and Diplomatic Enclave. The CDA auctioned the 13.5 acr

Published 02 Aug, 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 (August 01, 2016).

Published 02 Aug, 2016 12:00am

Construction of hotel: CDA annuls 99-year lease agreement

Construction of hotel: CDA annuls 99-year lease agreement

Capital Development Authority (CDA) on Monday cancelled the 99 years lease granted to BNP (Private) Limited for construction of Grand Hayat located on Constitution Avenue Adjacent to Convention Centre and Diplomatic Enclave. The CDA auctioned the 13.5 acr

Published 02 Aug, 2016 12:00am

Grain market rates

Cotton

Grain market rates

Karachi grain market rates in rupees on Monday (August 01, 2016).

Published 02 Aug, 2016 12:00am

Construction of hotel: CDA annuls 99-year lease agreement

Construction of hotel: CDA annuls 99-year lease agreement

Capital Development Authority (CDA) on Monday cancelled the 99 years lease granted to BNP (Private) Limited for construction of Grand Hayat located on Constitution Avenue Adjacent to Convention Centre and Diplomatic Enclave. The CDA auctioned the 13.5 acr

Published 02 Aug, 2016 12:00am

Pakistan Mercantile Exchange - PMEX

Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Monday (August 01, 2016).

Published 02 Aug, 2016 12:00am

Headline inflation up 4.12 percent in July

Headline inflation up 4.12 percent in July

The headline inflation rose by 4.12 percent during July 2016 compared to the same period of last fiscal year after increase in prices of essential commodities as well as education, utilities and others. Pakistan Bureau of Statistics on Monday released dur

Published 02 Aug, 2016 12:00am

Pakistan Economic Indicators

Pakistan Economic Indicators

Pakistan Economic Indicators - July 25, 2016.

Published 02 Aug, 2016 12:00am

Headline inflation up 4.12 percent in July

Headline inflation up 4.12 percent in July

The headline inflation rose by 4.12 percent during July 2016 compared to the same period of last fiscal year after increase in prices of essential commodities as well as education, utilities and others. Pakistan Bureau of Statistics on Monday released dur

Published 02 Aug, 2016 12:00am

Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (August 01, 2016).

Published 02 Aug, 2016 12:00am

Headline inflation up 4.12 percent in July

Headline inflation up 4.12 percent in July

The headline inflation rose by 4.12 percent during July 2016 compared to the same period of last fiscal year after increase in prices of essential commodities as well as education, utilities and others. Pakistan Bureau of Statistics on Monday released dur

Published 02 Aug, 2016 12:00am

Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (August 01, 2016).

Published 02 Aug, 2016 12:00am

Gunmen kill two Hazaras in Quetta

Gunmen kill two Hazaras in Quetta

Gunmen riding a motorcycle killed two members of Shia Hazaras on Monday in an apparent sectarian attack, police said. The killing took place in the suburbs of Quetta, while the victims were travelling in a rickshaw. "Gunmen on a motorcycle stopped the ric

Published 02 Aug, 2016 12:00am

Dollar's rate in interbank market

Dollar's rate in interbank market

Interbank closing rates for dollar on Monday (August 01, 2016).

Published 02 Aug, 2016 12:00am

Gunmen kill two Hazaras in Quetta

Gunmen kill two Hazaras in Quetta

Gunmen riding a motorcycle killed two members of Shia Hazaras on Monday in an apparent sectarian attack, police said. The killing took place in the suburbs of Quetta, while the victims were travelling in a rickshaw. "Gunmen on a motorcycle stopped the ric

Published 02 Aug, 2016 12:00am

Kerb buying and selling rate of US dollar

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Monday (August 01, 2016).

Published 02 Aug, 2016 12:00am

FIA unearths massive corruption in PCB

FIA unearths massive corruption in PCB

The Federal Investigation Agency (FIA) has unearthed massive financial corruption in Pakistan Cricket Board (PCB) after initiating an inquiry against one of its top officials working at the PCB for almost two decades and is described as a person who knows

Published 02 Aug, 2016 12:00am

THE RUPEE: little changes

Currency

THE RUPEE: little changes

Minor changes were seen on the money market on Monday in the process of trading, dealers said. The rupee showed slight changes in relation to the dollar for buying and selling at Rs 104.85 and Rs 104.86 respectively, dealers said.

Published 02 Aug, 2016 12:00am

FIA unearths massive corruption in PCB

FIA unearths massive corruption in PCB

The Federal Investigation Agency (FIA) has unearthed massive financial corruption in Pakistan Cricket Board (PCB) after initiating an inquiry against one of its top officials working at the PCB for almost two decades and is described as a person who knows

Published 02 Aug, 2016 12:00am

THE RUPEE: little changes

Currency

THE RUPEE: little changes

Minor changes were seen on the money market on Monday in the process of trading, dealers said. The rupee showed slight changes in relation to the dollar for buying and selling at Rs 104.85 and Rs 104.86 respectively, dealers said.

Published 02 Aug, 2016 12:00am

Iraq minister accuses parliament speaker of corruption

Iraq minister accuses parliament speaker of corruption

Iraqi Defence Minister Khalid al-Obeidi accused the parliament speaker and several lawmakers of corruption and blackmail on Monday, prompting the prime minister to order an investigation. The political row surrounding the defence minister comes as Iraq pr

Published 02 Aug, 2016 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Monday (August 01, 2016).

Published 02 Aug, 2016 12:00am

Eyeing Trump, Obama slams 'trash-talking' of military

Eyeing Trump, Obama slams 'trash-talking' of military

President Barack Obama tore into those "trash-talking" the US military and disrespecting the families of fallen soldiers Monday, in a thinly veiled attack on Republican White House hopeful Donald Trump. "As commander-in-chief, I'm pretty tired of some fol

Published 02 Aug, 2016 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Monday (August 01, 2016).

Published 02 Aug, 2016 12:00am

FBI technician pleads guilty to acting as China agent

FBI technician pleads guilty to acting as China agent

A 46-year-old FBI electronics technician pled guilty in New York on Monday to acting as an agent of China and passing along sensitive information to a Chinese government official. Kun Shan Chun, also known as Joey Chun, faces up to 10 years behind bars wh

Published 02 Aug, 2016 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Monday (August 01, 2016).

Published 02 Aug, 2016 12:00am

Turkish FM arrives

Turkish FM arrives

Turkish Foreign Minister Mevlut Cavusoglu arrived here on a two-day official visit for holding talks with Pakistani leaders on bilateral relations and the post failed military coup situation in Turkey. According to Foreign Office sources, both sides are e

Published 02 Aug, 2016 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Monday (August 01, 2016)

Published 02 Aug, 2016 12:00am

Cybercrimes bill to be tabled in National Assembly

Cybercrimes bill to be tabled in National Assembly

The government would present the Cyber Crimes Bill to the current session of National Assembly for consideration. A meeting of laws review committee Finance Minister chaired on Monday reviewed the bill passed by the Senate with a slew of amendments. The m

Published 02 Aug, 2016 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Monday (August 01, 2016)

Published 02 Aug, 2016 12:00am

Cybercrimes bill to be tabled in National Assembly

Cybercrimes bill to be tabled in National Assembly

The government would present the Cyber Crimes Bill to the current session of National Assembly for consideration. A meeting of laws review committee Finance Minister chaired on Monday reviewed the bill passed by the Senate with a slew of amendments. The m

Published 02 Aug, 2016 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Monday (August 01, 2016)

Published 02 Aug, 2016 12:00am

Cybercrimes bill to be tabled in National Assembly

Cybercrimes bill to be tabled in National Assembly

The government would present the Cyber Crimes Bill to the current session of National Assembly for consideration. A meeting of laws review committee Finance Minister chaired on Monday reviewed the bill passed by the Senate with a slew of amendments. The m

Published 02 Aug, 2016 12:00am

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED (NCCPL)

National Clearing Company declares daily settlement information for local & foreign investors on Monday (August 01, 2016).

Published 02 Aug, 2016 12:00am

London issues first offshore rupee bond

London issues first offshore rupee bond

An Indian bank on Monday issued the first ever offshore rupee-denominated bond in London, a landmark celebrated by officials keen to highlight Britain''''s international business prowess despite Brexit. The Housing Development Finance Corporation (HDFC),

Published 02 Aug, 2016 12:00am

BRIndex30 and BR Sectoral Indices

BRIndex30 and BR Sectoral Indices

BRIndex30 and BR Sectoral Indices on Monday (August 01, 2016).

Published 02 Aug, 2016 12:00am

London issues first offshore rupee bond

London issues first offshore rupee bond

An Indian bank on Monday issued the first ever offshore rupee-denominated bond in London, a landmark celebrated by officials keen to highlight Britain''s international business prowess despite Brexit. The Housing Development Finance Corporation (HDFC), In

Published 02 Aug, 2016 12:00am

BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 02 Aug, 2016 12:00am

London issues first offshore rupee bond

London issues first offshore rupee bond

An Indian bank on Monday issued the first ever offshore rupee-denominated bond in London, a landmark celebrated by officials keen to highlight Britain's international business prowess despite Brexit. The Housing Development Finance Corporation (HDFC), Ind

Published 02 Aug, 2016 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 8	277.70
USD PKR Interbank Buying / Oct 8	277.45
USD to Japanese Yen / Oct 8	148.02
USD to Swiss Franc / Oct 8	0.85
Pound Sterling to USD / Oct 8	1.31
Euro to USD / Oct 8	1.10

Stock	Volume
S&P 500 / Oct 8	5,695.94
India Sensex / Oct 8	81,561.53
Tokyo Nikkei / Oct 8	38,930.78
Nasdaq / Oct 8	17,923.91
Hang Seng / Oct 8	21,370.60
FTSE 100 / Oct 8	8,199.23
Dow Jones / Oct 8	41,954.24
Germany DAX 30 / Oct 8	18,976.93

Item	Value
Petrol/Litre / Oct 8	247.03
Crude Oil USD/Barrel / Oct 8	75.84
Karachi Cotton PKR/37.32 KG / Oct 8	18,485
Gold 10 Grams PKR / Oct 8	236,715.30
Gold Spot USD/Ounce / Oct 8	2,646.05
Diesel/Litre / Oct 8	246.29

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Oct 8 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 8 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Oct 8 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 8 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 8 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Oct 8 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 8 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 8 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Oct 8 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Oct 8 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Oct 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Oct 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Oct 8 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Oct 8 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Oct 8 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Oct 8 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Oct 8 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Oct 8 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Oct 8 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Oct 8 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Oct 8 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Oct 8 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Oct 8 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Oct 8 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Oct 8 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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