News Archives for Print - 2016-08-15 - Business Recorder

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اردو

Apr 17, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Print - 2016-08-15

Prime Minister launches PIA's Premier Service

Prime Minister launches PIA's Premier Service

Prime Minister Muhammad Nawaz Sharif on Sunday inaugurated Pakistan International Airlines' (PIA) Premier Service at Islamabad airport on Independence Day. The first flight of the Premier Service departed for London.

Published 15 Aug, 2016 12:00am

Prime Minister launches PIA's Premier Service

Prime Minister launches PIA's Premier Service

Prime Minister Muhammad Nawaz Sharif on Sunday inaugurated Pakistan International Airlines' (PIA) Premier Service at Islamabad airport on Independence Day. The first flight of the Premier Service departed for London.

Published 15 Aug, 2016 12:00am

Prime Minister launches PIA''s Premier Service

Prime Minister launches PIA''s Premier Service

Prime Minister Muhammad Nawaz Sharif on Sunday inaugurated Pakistan International Airlines'' (PIA) Premier Service at Islamabad airport on Independence Day. The first flight of the Premier Service departed for London.

Published 15 Aug, 2016 12:00am

THE RUPEE: minor changes

Currency

THE RUPEE: minor changes

The rupee fluctuated slightly against the dollar on the money market, ending the week on August 13, 2016. In the interbank market, the rupee gained modestly against the dollar for buying and selling at Rs 104.65 and 104.67.

Published 15 Aug, 2016 12:00am

THE RUPEE: minor changes

Currency

THE RUPEE: minor changes

The rupee fluctuated slightly against the dollar on the money market, ending the week on August 13, 2016. In the interbank market, the rupee gained modestly against the dollar for buying and selling at Rs 104.65 and 104.67.

Published 15 Aug, 2016 12:00am

Our future lies in strong democracy, says President

Our future lies in strong democracy, says President

President Mamnoon Hussain and Prime Minister Muhammad Nawaz Sharif on Sunday hoisted the national flag at an Independence Day function at the Convention Center in Islamabad. President Mamnoon Hussain, who was the chief guest on the occasion along with Pri

Published 15 Aug, 2016 12:00am

Our future lies in strong democracy, says President

Our future lies in strong democracy, says President

President Mamnoon Hussain and Prime Minister Muhammad Nawaz Sharif on Sunday hoisted the national flag at an Independence Day function at the Convention Center in Islamabad. President Mamnoon Hussain, who was the chief guest on the occasion along with Pri

Published 15 Aug, 2016 12:00am

Bullish trend witnessed

Bullish trend witnessed

Last week witnessed a bullish trend on shares market where KSE-100 index rose 1.3 percent to close at a record 39,908 points. With trade masterly revolving around banking, cement and energy stocks, the benchmark index swelled beyond 40,000 psychological b

Published 15 Aug, 2016 12:00am

Bullish trend witnessed

Bullish trend witnessed

Last week witnessed a bullish trend on shares market where KSE-100 index rose 1.3 percent to close at a record 39,908 points. With trade masterly revolving around banking, cement and energy stocks, the benchmark index swelled beyond 40,000 psychological b

Published 15 Aug, 2016 12:00am

Bullish trend witnessed

Bullish trend witnessed

Last week witnessed a bullish trend on shares market where KSE-100 index rose 1.3 percent to close at a record 39,908 points. With trade masterly revolving around banking, cement and energy stocks, the benchmark index swelled beyond 40,000 psychological b

Published 15 Aug, 2016 12:00am

China-Pakistan Economic Corridor: China unmoved on India's 'concerns'

China-Pakistan Economic Corridor: China unmoved on India's 'concerns'

India's External Affairs Minister Sushma Swaraj on Saturday raised New Delhi's concerns on the China-Pakistan Economic Corridor (CPEC) during a three-hour-long meeting with Chinese counterpart Wang Yi. Swaraj made it clear India would "resolutely oppose"

Published 15 Aug, 2016 12:00am

China-Pakistan Economic Corridor: China unmoved on India's 'concerns'

China-Pakistan Economic Corridor: China unmoved on India's 'concerns'

India's External Affairs Minister Sushma Swaraj on Saturday raised New Delhi's concerns on the China-Pakistan Economic Corridor (CPEC) during a three-hour-long meeting with Chinese counterpart Wang Yi. Swaraj made it clear India would "resolutely oppose"

Published 15 Aug, 2016 12:00am

China-Pakistan Economic Corridor: China unmoved on India''s ''concerns''

China-Pakistan Economic Corridor: China unmoved on India''s ''concerns''

India''s External Affairs Minister Sushma Swaraj on Saturday raised New Delhi''s concerns on the China-Pakistan Economic Corridor (CPEC) during a three-hour-long meeting with Chinese counterpart Wang Yi. Swaraj made it clear India would "resolutely oppose

Published 15 Aug, 2016 12:00am

Pakistan protests Indian firing on LoC

Pakistan protests Indian firing on LoC

The Director General Military Operations (DGMO) of Pakistan Army on Sunday contacted his Indian counterpart on hot-line existed between the two officials to lodge protest on unprovoked Indian firing. The DGMO Pakistan Army strongly protested for unprovoke

Published 15 Aug, 2016 12:00am

Pakistan protests Indian firing on LoC

Pakistan protests Indian firing on LoC

The Director General Military Operations (DGMO) of Pakistan Army on Sunday contacted his Indian counterpart on hot-line existed between the two officials to lodge protest on unprovoked Indian firing. The DGMO Pakistan Army strongly protested for unprovoke

Published 15 Aug, 2016 12:00am

Zehri rejects Indian PM's statement

Zehri rejects Indian PM's statement

Balochistan Chief Minister Nawab Sanaullah Khan Zehri on Sunday said that the government and people of Balochistan strongly rejected the statement of Indian Prime Minister Narindra.Modi over Balochistan situation. There was big difference between the situ

Published 15 Aug, 2016 12:00am

Zehri rejects Indian PM's statement

Zehri rejects Indian PM's statement

Balochistan Chief Minister Nawab Sanaullah Khan Zehri on Sunday said that the government and people of Balochistan strongly rejected the statement of Indian Prime Minister Narindra.Modi over Balochistan situation. There was big difference between the situ

Published 15 Aug, 2016 12:00am

Sales of shares held for over one year: SHC declares CGT exemption

Sales of shares held for over one year: SHC declares CGT exemption

Sindh High Court (SHC) has declared that the Capital Gain Tax (CGT) on sales of shares held for more than one year shall be exempted if acquired before June 30, 2014 and amendment in section 37A of the Income Tax Ordinance 2001 shall not be retrospectivel

Published 15 Aug, 2016 12:00am

Sales of shares held for over one year: SHC declares CGT exemption

Sales of shares held for over one year: SHC declares CGT exemption

Sindh High Court (SHC) has declared that the Capital Gain Tax (CGT) on sales of shares held for more than one year shall be exempted if acquired before June 30, 2014 and amendment in section 37A of the Income Tax Ordinance 2001 shall not be retrospectivel

Published 15 Aug, 2016 12:00am

Sales of shares held for over one year: SHC declares CGT exemption

Sales of shares held for over one year: SHC declares CGT exemption

Sindh High Court (SHC) has declared that the Capital Gain Tax (CGT) on sales of shares held for more than one year shall be exempted if acquired before June 30, 2014 and amendment in section 37A of the Income Tax Ordinance 2001 shall not be retrospectivel

Published 15 Aug, 2016 12:00am

Sales of shares held for over one year: SHC declares CGT exemption

Sales of shares held for over one year: SHC declares CGT exemption

Sindh High Court (SHC) has declared that the Capital Gain Tax (CGT) on sales of shares held for more than one year shall be exempted if acquired before June 30, 2014 and amendment in section 37A of the Income Tax Ordinance 2001 shall not be retrospectivel

Published 15 Aug, 2016 12:00am

Imported fuel-fired projects: government unlikely to purchase power

Imported fuel-fired projects: government unlikely to purchase power

The federal government is unlikely to purchase power from imported fuel-fired projects which fail to achieve financial close as per the schedules agreed with the Private Power & Infrastructure Board (PPIB), well-informed sources told Business Recorder.

Published 15 Aug, 2016 12:00am

Imported fuel-fired projects: government unlikely to purchase power

The federal government is unlikely to purchase power from imported fuel-fired projects which fail to achieve financial close as per the schedules agreed with the Private Power & Infrastructure Board (PPIB), well-informed sources told Business Recorder.
Published 15 Aug, 2016 12:00am

Imported fuel-fired projects: government unlikely to purchase power

The federal government is unlikely to purchase power from imported fuel-fired projects which fail to achieve financial close as per the schedules agreed with the Private Power & Infrastructure Board (PPIB), well-informed sources told Business Recorder.
Published 15 Aug, 2016 12:00am

Turkey summons Austria envoy over age of consent report

Turkey's foreign ministry has summoned the Austrian charge d'affaires in protest at what it said was a "false" news ticker at Vienna airport about the age of consent, further damaging ties between the two countries. Ankara voiced fury at the headline broa
Published 15 Aug, 2016 12:00am

Independence Day celebrated with enthusiasm

The Independence Day was celebrated throughout the Multan, Bahawalpur and Dera Ghazi Khan divisions on Sunday (August 14) with full national enthusiasm and zeal. The day started with special prayers in all mosques of the division for national solidarity,
Published 15 Aug, 2016 12:00am

NH&MP celebrates Independence Day

National Highways and Motorway Police N-5 Central celebrated Independence Day with national spirit and zeal and made extraordinary arrangements to celebrate this special Day with the road users.
Published 15 Aug, 2016 12:00am

Martyrs of Quetta remembered: Faisalabad celebrates Independence Day with simplicity

The Independence Day of Pakistan was celebrated with simplicity and national zeal throughout the division with the commitment that all out efforts should be made for driving the country out of prevailing problems and no stone will be left unturned for the
Published 15 Aug, 2016 12:00am

Brexit could be delayed to late-2019 as government not ready

Britain's exit from the European Union could be delayed until at least late 2019 because the government was too "chaotic" to start the two-year process early next year, the Sunday Times reported, citing sources it said were briefed by ministers.
Published 15 Aug, 2016 12:00am

Brexit could be delayed to late-2019 as government not ready

Britain's exit from the European Union could be delayed until at least late 2019 because the government was too "chaotic" to start the two-year process early next year, the Sunday Times reported, citing sources it said were briefed by ministers.
Published 15 Aug, 2016 12:00am

Bilawal urges Norwegian FM to invest in Pakistan

Chairman Pakistan People's Party Bilawal Bhutto Zardari and Norwegian Foreign Minister Borge Brende at a meeting in Oslo exchanged views on bilateral mutual interests. On the occasion, Bilawal Bhutto Zardari asked Norwegian Foreign Minister for investment
Published 15 Aug, 2016 12:00am

Bilawal urges Norwegian FM to invest in Pakistan

Chairman Pakistan People's Party Bilawal Bhutto Zardari and Norwegian Foreign Minister Borge Brende at a meeting in Oslo exchanged views on bilateral mutual interests. On the occasion, Bilawal Bhutto Zardari asked Norwegian Foreign Minister for investment
Published 15 Aug, 2016 12:00am

Bilawal urges Norwegian FM to invest in Pakistan

Chairman Pakistan People''s Party Bilawal Bhutto Zardari and Norwegian Foreign Minister Borge Brende at a meeting in Oslo exchanged views on bilateral mutual interests. On the occasion, Bilawal Bhutto Zardari asked Norwegian Foreign Minister for investmen
Published 15 Aug, 2016 12:00am

Former FBR officials: NAB to probe minimum tax matter

The National Accountability Bureau (NAB) has decided to investigate the matter of minimum tax against few former officials of Federal Board of Revenue (FBR) including former officials and others for misuse of authority in relaxing tax regime for services
Published 15 Aug, 2016 12:00am

Former FBR officials: NAB to probe minimum tax matter

The National Accountability Bureau (NAB) has decided to investigate the matter of minimum tax against few former officials of Federal Board of Revenue (FBR) including former officials and others for misuse of authority in relaxing tax regime for services
Published 15 Aug, 2016 12:00am

Former FBR officials: NAB to probe minimum tax matter

The National Accountability Bureau (NAB) has decided to investigate the matter of minimum tax against few former officials of Federal Board of Revenue (FBR) including former officials and others for misuse of authority in relaxing tax regime for services
Published 15 Aug, 2016 12:00am

TCP scraps rice tender

Trading Corporation of Pakistan (TCP) scrapped rice procurement tender for China, as the successful bidder agreed for conditional supply. State-run grain trader finalised a deal for procurement of 10,000 tons of Long Grain White Rice (Irri-6) for China on
Published 15 Aug, 2016 12:00am

TCP scraps rice tender

Trading Corporation of Pakistan (TCP) scrapped rice procurement tender for China, as the successful bidder agreed for conditional supply. State-run grain trader finalised a deal for procurement of 10,000 tons of Long Grain White Rice (Irri-6) for China on
Published 15 Aug, 2016 12:00am

TCP scraps rice tender

Trading Corporation of Pakistan (TCP) scrapped rice procurement tender for China, as the successful bidder agreed for conditional supply. State-run grain trader finalised a deal for procurement of 10,000 tons of Long Grain White Rice (Irri-6) for China on
Published 15 Aug, 2016 12:00am

20 dead as bus plunges into gorge

At least 20 people died and about two dozen others injured when a bus fell into a gorge here on Sunday. Police said that a bus carrying about five dozen participants of a wedding party from Palandri to Hajira area of Azad Jammu and Kashmir (AJK) skidded o
Published 15 Aug, 2016 12:00am

20 dead as bus plunges into gorge

At least 20 people died and about two dozen others injured when a bus fell into a gorge here on Sunday. Police said that a bus carrying about five dozen participants of a wedding party from Palandri to Hajira area of Azad Jammu and Kashmir (AJK) skidded o
Published 15 Aug, 2016 12:00am

Islamic and welfare state: JI chief urges people to support his party

Hoisting the national flag atop at Jamaat-e-Islami headquarters Mansoora to mark the 70th Independence day, Ameer, JI, Pakistan, Senator Sirajul Haq, urged the nation to support the JI in its efforts to build Pakistan as a truly Islamic welfare state acco
Published 15 Aug, 2016 12:00am

MCCI seeks tax refunds of industrialists

Multan Chamber of Commerce and Industry (MCCI) has urged the government to take notice of the delaying tactics allegedly used by the Federal Board of Revenue (FBR) to deprive taxpayers of early refunds.
Published 15 Aug, 2016 12:00am

Independence Day celebrated at Lahore Garrison

Independence Day of Pakistan was celebrated with solemnity by all Army Formations and Units of Lahore Garrison here on Sunday. An elaborate daylong programme befitting the occasion was chalked out for the historic day, said an ISPR press release.
Published 15 Aug, 2016 12:00am

Holiday in Balochistan schools

Minister for Education, Abdul Raheem Ziaratwal has announced public holiday in all schools of Balochistan on Monday, August 15 as ceremonies were held at schools on Sunday, August 14 to celebrate Pakistan Independence Day.
Published 15 Aug, 2016 12:00am

Irsa fills Mangla Dam to its full capacity

The Indus River System Authority has filled the Mangla Dam on the river Jhelum to its full capacity and stored 7.4 MAF water in the reservoir. "The dam reached its maximum conservation level of 1242 feet on Sunday afternoon and the water managers were dis
Published 15 Aug, 2016 12:00am

Wapda holds function to mark Independence Day

A graceful ceremony was held at Wapda House to celebrate the Independence Day with national zeal. Wapda Chairman Zafar Mahmood, chief guest of the ceremony, hoisted the national flag followed by the national anthem that was sung by the students of Wapda s
Published 15 Aug, 2016 12:00am

Obituary

Aziza Ansari, mother of Maqsood Ahmed Ansari, Chief Executive Argus Advertising, died here. Her namaz-janaza will be offered on Monday (today) at Masjid Usman Ghani, Sea View, after Zuhr prayer. She will be buried at Gizri graveyard.
Published 15 Aug, 2016 12:00am

PEF celebrates 'Independence Day'

The Punjab Education Foundation (PEF) celebrated the Independence Day with full fervour; zeal and a sovereign commitment to continue playing its role in education- promotion in the low income families on Sunday.
Published 15 Aug, 2016 12:00am

Sacrifices for creation of Pakistan: lessons should be learnt from past: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif here on Sunday addressing Independence Day Congregation in Hazuri Bagh stated that lesson needs to be learnt from past mistakes in order to move ahead.
Published 15 Aug, 2016 12:00am

PDMA needs 15,000 tents for disaster management

Punjab Disaster Management Authority (PDMA) has demanded as many as 15000 tents from National Disaster Management Authority (NDMA) in order to cater the needs of calamity hit people in case of flood. These tents would be stored in Lahore and Muzaffar Garh
Published 15 Aug, 2016 12:00am

UBG lauds government's economic direction

The dominant United Business Group (UBG) of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Sunday lauded the economic direction of the government terming it beneficial for the whole population.
Published 15 Aug, 2016 12:00am

PTI striving for corruption-free Pakistan: Sarwar

Former Governor Punjab and Leader of Pakistan Tehreek Insaf Punjab Chaudhry Muhammad Sarwar has said that silence on cruelty, injustice and corruption is also a crime. Opposition parties will have to move ahead to save the country.
Published 15 Aug, 2016 12:00am

Traders urge government to take note of decline in exports

The business community of Southern Punjab has urged upon the government to take notice of dwindling down exports and role of commercial consulars and attaches in foreign missions. Our ambassadors were playing no role to explore new buyers of Pakistani pro
Published 15 Aug, 2016 12:00am

Independence Day: Hyderabad joins celebrations enthusiastically

Seventieth (70th) Independence Day of Pakistan was celebrated with national enthusiasm and renewed commitment to do utmost for peace, progress and prosperity of the homeland, in Hyderabad like other districts of the country on Sunday.
Published 15 Aug, 2016 12:00am

Cotton
RTO assures cotton ginners full cooperation

A delegation of Pakistan Cotton Ginners Association (PCGA) headed by its chairman Shehzad Ali Khan called on the Chief Commissioner-RTO Faisalabad Shad Muhammad and apprised him of problems confronted by the ginning industry.
Published 15 Aug, 2016 12:00am

PTI accepts challenge of changing system: Khattak

KP Chief Minister Pervez Khattak has said that they had accepted the challenge of changing the system and have come out as the symbol of change, saying beside, bring socio-economic revolution with the support of the people they will also guarantee nationa
Published 15 Aug, 2016 12:00am

Three BHC additional judges take oath

Three new additional judges of the High Court of Balochistan took oath of their offices. Chief Justice BHC, Justice Muhammad Noor Meskanzai administered the oath to them. A ceremony for oath taking was held at the BHC premises where new additional judges
Published 15 Aug, 2016 12:00am

Traffic violations, illegal parking hallmark of Saddar

Saddar locality has become notorious for illegal parking, footpath encroachment and traffic violations giving a bad name to the provincial government of Sindh and KMC and further strengthening the perception of the bad governance.
Published 15 Aug, 2016 12:00am

Rangers recover women abducted for ransom

Pakistan Rangers Sindh in an action against a gang of kidnappers, recovered two women who were kidnapped for ransom from Multan. A statement here on Sunday said that on a tip off, the Rangers Sindh carried out raid in Larkana and Jacobabad and arrested me
Published 15 Aug, 2016 12:00am

KP to ban smoking in public places

The provincial government of Khyber Pakhtunkhwa is going to ban smoking in public places and sale of tobacco to juvenile in the province. For this purpose a draft of bill has already been prepared with the purpose to prohibit tobacco in public places and
Published 15 Aug, 2016 12:00am

Quetta blast: JIT to submit report within 30 days

The Home and Tribal Affairs Department, Government of Balochistan has announced formation of the Joint Investigation Team to conduct probe into Quetta civil hospital suicide blast which claimed 72 lives including lawyers, journalists and common people.
Published 15 Aug, 2016 12:00am

Dozens dead as warplanes pound rebel-held north Syria

Syrian and Russian warplanes have launched a wave of air strikes in northern Syria, killing dozens in areas held by a rebel alliance battling to take control of second city Aleppo.
Published 15 Aug, 2016 12:00am

Top China official slams foreign influence on Tibetan Buddhism

A senior Chinese official has called on Tibetans to resist foreign influence on their Buddhist religion, state media said Sunday, in the latest comments apparently targeting exiled spiritual leader the Dalai Lama.
Published 15 Aug, 2016 12:00am

Zambia's Lungu keeps slim lead

Zambian President Edgar Lungu maintained a slim lead over his main rival on Sunday with nearly half of votes counted as the opposition called for greater urgency in releasing results amid concerns about rigging.
Published 15 Aug, 2016 12:00am

Japan to develop missile as tensions with China mount

Japan will develop a new land-to-sea missile as part of plans to beef up its defence of remote southern islands, as tensions with China increase over the disputed territory, a report said Sunday. The two countries are locked in a long-running dispute over
Published 15 Aug, 2016 12:00am

Trump lashes out at 'crooked media'

Donald Trump, clearly angered by news reports that he has grown depressed and sullen over his fading presidential prospects, has issued some of his sharpest attacks on the media.
Published 15 Aug, 2016 12:00am

Five dead; tens of thousands flee Philippine floods

Five people have been killed in the Philippines and tens of thousands have fled from floods caused by days of unrelenting rain, rescuers said Sunday. Civil defence officials warned residents of Manila and nearby provinces to expect more heavy seasonal rai
Published 15 Aug, 2016 12:00am

Peru protests against gender violence draw 50,000

Some 50,000 people marched Saturday in Peru's capital and other cities, police said, to protest rampant violence against women in a highly conservative society. The country recorded 95 murders of women last year. An additional 54 have taken place this yea
Published 15 Aug, 2016 12:00am

Coalition denies targeting Yemen school as 10 children killed

The Saudi-led coalition Sunday denied targeting a Yemeni school in air strikes that killed 10 children, instead saying it bombed a camp at which Iran-backed rebels train underage soldiers.
Published 15 Aug, 2016 12:00am

Muslim cleric and associate shot to death on New York street

A Muslim cleric and an associate were fatally shot by a lone gunman on Saturday while walking together following afternoon prayers at a mosque in the New York City borough of Queens, authorities said. The gunman approached the men from behind and shot bot
Published 15 Aug, 2016 12:00am

Sudan floods kill 100, destroy villages

Thousands of houses have been destroyed and several villages submerged after flooding triggered by torrential rainfall killed 100 people across Sudan, officials and an AFP photographer said on Sunday.
Published 15 Aug, 2016 12:00am

SpaceX lands Falcon 9 rocket after launching Japanese satellite

SpaceX successfully landed a reusable Falcon 9 rocket on a floating drone ship at sea early Sunday after the vehicle had sent a Japanese communications satellite into orbit. The California-based company's eighth launch this year was part of its ongoing ef
Published 15 Aug, 2016 12:00am

Wall Street week ahead: consumers flocking to discount apparel

Consumers are flocking to discount apparel retailers, but investors are faced with nothing close to a bargain as stocks in the sector rally. Few expect shares of off-price retailer TJX Companies' or its peer, Ross Stores, to go on a fire sale next week wh
Published 15 Aug, 2016 12:00am

Money managers boost bullish bets on oil for first time in a month

Hedge funds and speculators raised their bullish wagers on US crude for the first time in a month, data showed on Friday, after resurgent rumours on producer action to prop up the market helped oil rebound above $40 a barrel.
Published 15 Aug, 2016 12:00am

Money managers boost bullish bets on oil for first time in a month

Hedge funds and speculators raised their bullish wagers on US crude for the first time in a month, data showed on Friday, after resurgent rumours on producer action to prop up the market helped oil rebound above $40 a barrel.
Published 15 Aug, 2016 12:00am

India raises limit for foreign investment in stock exchanges

The Indian government on Wednesday raised the limit for foreign investment in the country's stock exchanges to 15 percent from 5 percent, saying the change would enhance India's global competitiveness and boost its capital markets. India also approved a p
Published 15 Aug, 2016 12:00am

Currency
China's yuan seen falling another three percent over next 12 months

The Chinese yuan may fall more than 3 percent against the dollar by a year from now, more than expected just a month ago, as the economy struggles to maintain momentum and as the dollar edges up on views of an eventual US rate rise, a Reuters poll found.
Published 15 Aug, 2016 12:00am

Setting bond yield cap may be future BoJ option

Setting a cap on long-term interest rates and buying bonds to keep yields below that level may be a realistic option for the Bank of Japan if it were to overhaul its massive stimulus programme in the future, a former top BoJ economist said.
Published 15 Aug, 2016 12:00am

Setting bond yield cap may be future BoJ option

Setting a cap on long-term interest rates and buying bonds to keep yields below that level may be a realistic option for the Bank of Japan if it were to overhaul its massive stimulus programme in the future, a former top BoJ economist said.
Published 15 Aug, 2016 12:00am

China regulator says preparing for Shenzhen-Hong Kong stock connect

The China Securities Regulatory Commission (CSRC) is actively preparing for the Shenzhen-Hong Kong stock connect and will launch the scheme sometime this year, the regulator said Friday.
Published 15 Aug, 2016 12:00am

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 78.40-78.40 (previous 78.40-78.40).
Published 15 Aug, 2016 12:00am

Mexico returns to dollar bond market with blowout trade

Mexico returned to the dollar market for the first time in eight months on Monday with a blowout US $2.76bn two-part bond that generated over US $10bn in demand. Positive sentiment following Friday's payrolls number and a recovery in crude prices presente
Published 15 Aug, 2016 12:00am

Mexico returns to dollar bond market with blowout trade

Mexico returned to the dollar market for the first time in eight months on Monday with a blowout US $2.76bn two-part bond that generated over US $10bn in demand. Positive sentiment following Friday's payrolls number and a recovery in crude prices presente
Published 15 Aug, 2016 12:00am

Twilio IPO exceeds expectations

Communications software provider Twilio Inc defied stock market volatility prompted by Britain's referendum on European Union membership by raising $150 million, a higher amount than it had originally targeted.
Published 15 Aug, 2016 12:00am

Gulf shares rise after oil prices climb, Egypt eases off 13-month high

A bounce in oil prices at the end of last week helped lift stock markets in the Gulf on Sunday, while Egypt's main index eased off a 13-month closing high as investors were cautious about a preliminary agreement with the IMF on a loan programme.
Published 15 Aug, 2016 12:00am

Global negative-yielding debt slips to $11.4 trillion: Fitch

The global amount of negative-yielding government bonds edged down to $11.4 trillion on August 2 from two weeks ago as Japanese debt yields rose in reaction to more official stimulus announcements, Fitch Ratings said on Wednesday.
Published 15 Aug, 2016 12:00am

Global negative-yielding debt slips to $11.4 trillion: Fitch

The global amount of negative-yielding government bonds edged down to $11.4 trillion on August 2 from two weeks ago as Japanese debt yields rose in reaction to more official stimulus announcements, Fitch Ratings said on Wednesday.
Published 15 Aug, 2016 12:00am

Jamaica extends curve, saves on interest payments with new tap

Jamaica's successful US $743m tap of existing bonds Thursday funded a liability management exercise that substantially pushed out the average maturity of the sovereign's debt and reduced interest payments, said bankers.
Published 15 Aug, 2016 12:00am

Jamaica extends curve, saves on interest payments with new tap

Jamaica's successful US $743m tap of existing bonds Thursday funded a liability management exercise that substantially pushed out the average maturity of the sovereign's debt and reduced interest payments, said bankers.
Published 15 Aug, 2016 12:00am

Saudi, Japanese officials to discuss investment into Aramco IPO

Saudi and Japanese officials will hold meetings to discuss Japanese investment into the planned initial public offering (IPO) of a small part of Riyadh-controlled Saudi Aramco, said Khalid Al-Falih, the kingdom's energy minister.
Published 15 Aug, 2016 12:00am

New BoE bond purchase programme finds no lack of sellers

Investors rushed to sell bonds to the Bank of England on Monday after it revived its quantitative easing asset purchase programme for the first time in nearly four years to cushion the shock of Britain's decision to leave the European Union.
Published 15 Aug, 2016 12:00am

New BoE bond purchase programme finds no lack of sellers

Investors rushed to sell bonds to the Bank of England on Monday after it revived its quantitative easing asset purchase programme for the first time in nearly four years to cushion the shock of Britain's decision to leave the European Union.
Published 15 Aug, 2016 12:00am

More airline outages seen as carriers grapple with aging

Airlines will likely suffer more disruptions like the one that grounded about 2,000 Delta flights last week because major carriers have not invested enough to overhaul reservations systems based on technology dating to the 1960s, airline industry and tech
Published 15 Aug, 2016 12:00am

ANZ nine-month profit drops, focus on high returns

Australia and New Zealand Banking Group posted a small drop in unaudited nine-month cash profit on Tuesday while revenues slowed as the bank looked at shrinking its balance sheet to focus on high-returning businesses. Under new Chief Executive Officer Sha
Published 15 Aug, 2016 12:00am

Standard Life posts asset growth despite market turmoil

British insurer and asset manager Standard Life weathered a tough market environment to post forecast-beating asset growth and profits in the first six months of the year, sending its shares almost five percent higher.
Published 15 Aug, 2016 12:00am

DBS second quarter profit drops

DBS Group Holdings, Singapore's biggest lender, reported a 6 percent drop in second-quarter profit, hit by a sharp jump in provisions for bad loans as firms in the oil and gas services sector struggle to service debt.
Published 15 Aug, 2016 12:00am

DBS second quarter profit drops

DBS Group Holdings, Singapore's biggest lender, reported a 6 percent drop in second-quarter profit, hit by a sharp jump in provisions for bad loans as firms in the oil and gas services sector struggle to service debt.
Published 15 Aug, 2016 12:00am

Caterpillar sees more soft demand from energy, transport sectors

Caterpillar Inc expects no significant demand growth for its energy and transportation products for the rest of 2016 as oil prices stay weak, a senior executive said on Thursday.
Published 15 Aug, 2016 12:00am

Scotiabank plans Taiwan exit as Asia revamp continues

Bank of Nova Scotia, Canada's third-largest bank, has applied to Taiwan's financial regulator to exit the local market, the regulator and bank said on Monday, part of a revamp of its Asia strategy. Bank of Nova Scotia, which operates under the Scotiabank
Published 15 Aug, 2016 12:00am

Previous Day

Forex
World
Commodity

Currency Rate

USD PKR Interbank Selling / Apr 17

280.67

USD PKR Interbank Buying / Apr 17

280.47

USD to Japanese Yen / Apr 17

142.81

USD to Swiss Franc / Apr 17

0.82

Pound Sterling to USD / Apr 17

1.32

Euro to USD / Apr 17

1.14

UK LIBOR % / Apr 16

4.96

Stock Volume

S&P 500 / Apr 16

5,275.70

Nasdaq / Apr 16

16,307.16

Dow Jones / Apr 16

39,669.39

India Sensex / Apr 17

77,621.26

Tokyo Nikkei / Apr 17

34,285.53

Hang Seng / Apr 17

21,352.47

FTSE 100 / Apr 17

8,207.23

Germany DAX 30 / Apr 17

21,240.89

France CAC40 / Apr 17

7,290.96

Item Value

Karachi Cotton PKR/37.32 KG / Apr 16

16,985

Gold 10 Grams PKR / Apr 16

298,353

Petrol/Litre / Apr 17

254.63

Crude Oil USD/Barrel / Apr 17

63.25

Gold Spot USD/Ounce / Apr 17

3,331.95

Diesel/Litre / Apr 17

258.64

Cotton US¢/pound / Apr 17

66.66

Gainers
Losers
Leaders

Stock Price

Ghazi Fabrics / Apr 17

Ghazi Fabrics International Limited(GFIL)

8.36

▲ 1 (13.59%)

UDL International / Apr 17

UDL International Limited(UDLI)

8.52

▲ 1 (13.3%)

Escorts Bank / Apr 17

Escorts Investment Bank Limited(ESBL)

6.84

▲ 0.76 (12.5%)

Chakwal Spinning / Apr 17

Chakwal Spinning Mills Limited(CWSM)

57.93

▲ 5.27 (10.01%)

United Brands / Apr 17

United Brands Limited(UBDL)

23.18

▲ 2.11 (10.01%)

S.S.Oil / Apr 17

S.S.Oil Mills Limited(SSOM)

244.59

▲ 22.24 (10%)

Pak Gulf Leasing / Apr 17

Pak-Gulf Leasing Company Limited(PGLC)

21.89

▲ 1.99 (10%)

PIA Holding Co.B / Apr 17

PIA Holding Company Limited B(PIAHCLB)

1,928.97

▲ 175.36 (10%)

Trust Sec.& Brok. / Apr 17

Trust Securities & Brokerage Limited(TSBL)

13.97

▲ 1.27 (10%)

Bolan Casting / Apr 17

Bolan Castings Limited(BCL)

104.06

▲ 9.46 (10%)

Stock Price

Oilboy Energy(R) / Apr 17

Oilboy Energy Limited(R)(OBOYR2)

1.07

▼ -0.31 (-22.46%)

Gulshan Sp. / Apr 17

Gulshan Spinning Mills Limited(GSPM)

3.48

▼ -0.46 (-11.68%)

Blue-Ex Ltd / Apr 17

Blue-Ex Limited (GEM)(GEMBLUEX)

56.69

▼ -6.29 (-9.99%)

Int. Knit. / Apr 17

International Knitwear Limited(INKL)

14.84

▼ -1.56 (-9.51%)

Jubilee Gen. Ins. / Apr 17

Jubilee General Insurance Limited(JGICL)

49.52

▼ -4.7 (-8.67%)

Bawany Air Products / Apr 17

Bawany Air Products Limited(BAPL)

32.39

▼ -2.92 (-8.27%)

Asim Textile / Apr 17

Asim Textile Mills Limited(ASTM)

13.40

▼ -1.2 (-8.22%)

Jahangir Sidd(Pref) / Apr 17

Jahangir Sidd(Pref)(JSCLPSA)

8.85

▼ -0.6 (-6.35%)

Sanghar Sugar / Apr 17

Sanghar Sugar Mills Limited(SANSM)

50.83

▼ -3.24 (-5.99%)

The Thal Ind.Corp. / Apr 17

The Thal Industries Corporation Limited(TICL)

340.04

▼ -19.97 (-5.55%)

Stock Volume

Maple Leaf Cement / Apr 17

Maple Leaf Cement Factory Limited(MLCF)

23,794,610

▲ 3.81

B.O.Punjab / Apr 17

The Bank of Punjab(BOP)

23,321,095

▲ 0.15

Cnergyico PK / Apr 17

Cnergyico PK Limited(CNERGY)

17,945,036

▲ 0.02

Fauji Cement / Apr 17

Fauji Cement Company Limited(FCCL)

16,949,781

▲ 1.19

National Bank / Apr 17

National Bank of Pakistan(NBP)

16,604,549

▲ 4.2

WorldCall Telecom / Apr 17

Worldcall Telecom Limited(WTL)

14,865,718

▲ 0

Pace (Pak) Ltd. / Apr 17

Pace (Pakistan) Limited(PACE)

14,613,210

▲ 0.21

Sui South Gas / Apr 17

Sui Southern Gas Company Limited(SSGC)

11,876,679

▲ 1.06

Hascol Petrol / Apr 17

Hascol Petroleum Limited(HASCOL)

10,975,030

▲ 0.09

United BankXD / Apr 17

United Bank Limited(UBL)

10,968,701

▲ 16.02

Markets →

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Today

Yesterday

Past 3 Days

Baggasse-fired IPPs: Nepra set to approve 60% hike in FCC

Gold price per tola jumps Rs8,600 to another all-time high in Pakistan

NJLI Sarmaya Growth Fund Rates

SRO 592(1)/2025 attracts criticism from steel sector

Pakistan posts record $1.2bn current account surplus in March 2025

Asian countries, including Pakistan, look to buy more US energy to offset trade imbalance

Rs1.275trn loan to tackle circular debt: CPPA-G likely to sign term sheets with 18 banks

KSE-100 Index closes 881 points higher amid buying momentum

Rightsizing: govt decides to axe 30,968 posts

Rs1.275trn loan to tackle circular debt: CPPA-G likely to sign term sheets with 18 banks

Gold price per tola jumps Rs8,600 to another all-time high in Pakistan

NJLI Sarmaya Growth Fund Rates

Pakistan sees sharp decline in worker emigration to UAE: report

Relief for the salaried people

Punjab’s wheat policy: playing with fire

Held-up GST returns: FTO bars FBR from imposing penalties on registered persons

Renewable energy push: Nepra may approve tariff of KE’s 2 PV solar projects

Salaried class: Call for revision of tax slabs, rise in exemption limits

NJLI Sarmaya Growth Fund Rates

Rs1.275trn loan to tackle circular debt: CPPA-G likely to sign term sheets with 18 banks

Punjab’s wheat policy: playing with fire

Gold price per tola jumps Rs8,600 to another all-time high in Pakistan

Salaried class: Call for revision of tax slabs, rise in exemption limits

Pakistan sees sharp decline in worker emigration to UAE: report

Export-oriented growth: Banks agree to lend a helping hand

Baggasse-fired IPPs: Nepra set to approve 60% hike in FCC

Relief for the salaried people

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