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Mar 27, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-08-20
Copper and aluminium retreat on firmer dollar; tin rises

Copper and aluminium retreat on firmer dollar; tin rises

Copper and other industrial metals slumped on Friday in low volumes, pressured by a firmer dollar together with retreating stock and oil markets. Persistent concern about excess copper supply in the second half was also weighing on the market, analysts sa
Published 20 Aug, 2016 12:00am
LHC halts Lahore metro work near monuments

LHC halts Lahore metro work near monuments

Allowing the petitions, the Lahore High Court partially restrained the government on Friday from the construction of Orange Line Train project within a 200-foot radius of special premises and heritage sites. The bench comprising Justice Abid Aziz Sheikh a
Published 20 Aug, 2016 12:00am
LHC halts Lahore metro work near monuments

LHC halts Lahore metro work near monuments

Allowing the petitions, the Lahore High Court partially restrained the government on Friday from the construction of Orange Line Train project within a 200-foot radius of special premises and heritage sites. The bench comprising Justice Abid Aziz Sheikh a
Published 20 Aug, 2016 12:00am
Snowden documents show NSA leak is real: report

Snowden documents show NSA leak is real: report

Previously unpublished documents released by former National Security Agency contractor Edward Snowden confirm that some of the spy agency's top-secret code has been leaked or hacked, The Intercept reported Friday. The online news site's editors include j
Published 20 Aug, 2016 12:00am
Snowden documents show NSA leak is real: report

Snowden documents show NSA leak is real: report

Previously unpublished documents released by former National Security Agency contractor Edward Snowden confirm that some of the spy agency's top-secret code has been leaked or hacked, The Intercept reported Friday. The online news site's editors include j
Published 20 Aug, 2016 12:00am
Turkey airport ad accuses Sweden of 'highest rape rate'

Turkey airport ad accuses Sweden of 'highest rape rate'

A billboard at Istanbul's international airport accused Sweden of having the highest rate of rape world-wide, AFP pictures showed on Friday, just days after Stockholm accused Ankara of legalising sex with children. Printed in English and Turkish and displ
Published 20 Aug, 2016 12:00am
Deutsche Bank whistleblower rejects US award

Deutsche Bank whistleblower rejects US award

A whistleblower who helped expose systematic overvaluing of credit derivatives at Deutsche Bank said on Friday he had rejected a multi-million-dollar US award for his actions, lamenting that shareholders and employees were the victims. "I will not join th
Published 20 Aug, 2016 12:00am
Deutsche Bank whistleblower rejects US award

Deutsche Bank whistleblower rejects US award

A whistleblower who helped expose systematic overvaluing of credit derivatives at Deutsche Bank said on Friday he had rejected a multi-million-dollar US award for his actions, lamenting that shareholders and employees were the victims. "I will not join th
Published 20 Aug, 2016 12:00am
Deutsche Bank whistleblower rejects US award

Deutsche Bank whistleblower rejects US award

A whistleblower who helped expose systematic overvaluing of credit derivatives at Deutsche Bank said on Friday he had rejected a multi-million-dollar US award for his actions, lamenting that shareholders and employees were the victims. "I will not join th
Published 20 Aug, 2016 12:00am
SBP's redesigned website not user friendly

SBP's redesigned website not user friendly

State Bank of Pakistan (SBP) has developed a new format/redesigned its website recently that is neither user friendly nor does it provide easy access to historical economic data. The SBP had originally parked the 1.5 billion dollar Saudi gift under the he
Published 20 Aug, 2016 12:00am
SBP's redesigned website not user friendly

SBP's redesigned website not user friendly

State Bank of Pakistan (SBP) has developed a new format/redesigned its website recently that is neither user friendly nor does it provide easy access to historical economic data. The SBP had originally parked the 1.5 billion dollar Saudi gift under the he
Published 20 Aug, 2016 12:00am
SBP''s redesigned website not user friendly

SBP''s redesigned website not user friendly

State Bank of Pakistan (SBP) has developed a new format/redesigned its website recently that is neither user friendly nor does it provide easy access to historical economic data. The SBP had originally parked the 1.5 billion dollar Saudi gift under the he
Published 20 Aug, 2016 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 20 Aug, 2016 12:00am
Interstate Gas System: PPP submits 'calling attention' notice in NA

Interstate Gas System: PPP submits 'calling attention' notice in NA

Pakistan People's Party (PPP) on Friday submitted a 'calling attention' notice in the National Assembly Secretariat regarding the removal of top government officials from the board of Interstate Gas Systems (Pvt) The PPP MNAs were Shazia Mari, Naveed Qama
Published 20 Aug, 2016 12:00am
Interstate Gas System: PPP submits 'calling attention' notice in NA

Interstate Gas System: PPP submits 'calling attention' notice in NA

Pakistan People's Party (PPP) on Friday submitted a 'calling attention' notice in the National Assembly Secretariat regarding the removal of top government officials from the board of Interstate Gas Systems (Pvt) The PPP MNAs were Shazia Mari, Naveed Qama
Published 20 Aug, 2016 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 20 Aug, 2016 12:00am
Brazilian chef wins 'World Sushi Cup' in Tokyo

Brazilian chef wins 'World Sushi Cup' in Tokyo

A Brazilian chef won the World Sushi Cup Friday, bursting into tears of joy after his knife skills and artful preparation of salmon roe, tuna and shrimp delicacies wowed Japanese judges. With the country's UNESCO-recognised cuisine enjoying an explosion o
Published 20 Aug, 2016 12:00am
More children forced to fight in S Sudan: UNICEF

More children forced to fight in S Sudan: UNICEF

The UN children's agency, UNICEF, warned Friday of a "spike" in the recruitment of child soldiers to fight in South Sudan's civil war. "All the different groups are recruiting," said Justin Forsyth, deputy executive director of UNICEF. "There is a mobilis
Published 20 Aug, 2016 12:00am
Thousands flee homes as California burns

Thousands flee homes as California burns

Firefighters battled Thursday to douse a series of wildfires fuelled by high winds, scorching temperatures and dry vegetation that have forced tens of thousands of Californians to flee their homes. A blaze scorching swathes of the Angeles National Forest,
Published 20 Aug, 2016 12:00am
Top Philippine rebels freed ahead of Norway peace talks

Top Philippine rebels freed ahead of Norway peace talks

The Philippines released top communist leaders from jail Friday as part of a drive to end one of Asia's longest-running insurgencies, with peace talks due to resume in Norway next week. Benito Tiamzon and his wife Wilma raised clenched fists, hugged frien
Published 20 Aug, 2016 12:00am
Imported coal-fired power plants in Punjab

Imported coal-fired power plants in Punjab

According to a Business Recorder exclusive, the Private Power Infrastructure Board (PPIB) headed by the Minister for Water and Power Khwaja Asif in its 106th board meeting indicated that the federal government would not purchase power from imported
Published 20 Aug, 2016 12:00am
Controversial appointments in NAB

Controversial appointments in NAB

Once in a while, the National Accountability Bureau is in the limelight for what it is, and not what it thinks others are. The institution, which takes credit for 'across-the-board accountability to steer and guide the nation out of the abyss of corruptio
Published 20 Aug, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (August 19, 2016).

Published 20 Aug, 2016 12:00am
Rationalisation of institutions

Rationalisation of institutions

Up to end 1950s, the three pillars of State - Executive, Legislative and Judiciary - worked exceptionally well and delivered to the nation. As a result, the new-born state prospered well. It was in 1950s that organisations like Pakistan International Air
Published 20 Aug, 2016 12:00am
Impartiality and fairness in administrative actions

Impartiality and fairness in administrative actions

Procedural fairness and conforming to rules of natural justice are the two important elements of judicial review of administrative actions. Cognisance of the said issues has been taken by the courts.1 The jurisprudence in this regard stands settled and co
Published 20 Aug, 2016 12:00am
Iran's language watchdog battles

Iran's language watchdog battles

It is Iran's answer to the Academie Francaise, keeping the Farsi language safe from the corrupting influence of foreign words. Its latest, unlikely target: something called "Nutella Bars". The state-run Academy of Persian Language and Literature has impos
Published 20 Aug, 2016 12:00am
Rejoinder to a news item

Rejoinder to a news item

This is apropos an APP's news story carried by a local newspaper on August 16. The APP gave a reference of my talk with the Radio Pakistan and quoted me "Pakistan will be among the developed countries in the world as the economic indicators of our country
Published 20 Aug, 2016 12:00am
Gold slips

Gold slips

Gold fell more than 1 percent on Friday, snapping a four-day streak of gains following conflicting signals from US Federal Reserve officials on the timing of a possible rate hike, but was still on track for its second straight week higher. Spot gold fell
Published 20 Aug, 2016 12:00am
THE RUPEE: firmer trend
Currency

THE RUPEE: firmer trend

A firmer trend prevailed on the money market on Friday as the rupee did not show any visible change versus the dollar, dealers said. The rupee held the overnight levels against the dollar for buying and selling at Rs 104.70 and 104.72 respectively.
Published 20 Aug, 2016 12:00am
Soyabeans fall

Soyabeans fall

US soyabean futures fell on Friday as the weather outlook for the Midwest bolstered expectations of a huge harvest in the fall, traders said. Corn and wheat futures firmed, recovering from early weakness on short-covering and technical buying. The forecas
Published 20 Aug, 2016 12:00am
THE RUPEE: firmer trend
Currency

THE RUPEE: firmer trend

A firmer trend prevailed on the money market on Friday as the rupee did not show any visible change versus the dollar, dealers said. The rupee held the overnight levels against the dollar for buying and selling at Rs 104.70 and 104.72 respectively.
Published 20 Aug, 2016 12:00am
Oil posts strong weekly gains; analysts say rally unjustified

Oil posts strong weekly gains; analysts say rally unjustified

Oil prices settled steady to higher on Friday, with US crude posting its biggest weekly gain since March after surging nearly 25 percent in a little over two weeks, a rally analysts cautioned was not justified by fundamentals. Crude futures have risen alm
Published 20 Aug, 2016 12:00am
Cotton futures down on speculator selling
Cotton

Cotton futures down on speculator selling

Cotton futures snapped two straight sessions of gains and fell on Friday on speculator liquidation ahead of the weekend amid a stronger dollar. "I think we are still seeing some speculator liquidation and a failure of a lot of speculators buying ahead of
Published 20 Aug, 2016 12:00am
Brazil cuts winter corn crop forecast by 1.1 percent

Brazil cuts winter corn crop forecast by 1.1 percent

Brazil's government cut its 2016 winter corn crop forecast by 1.1 percent to 42.59 million tonnes on Tuesday from 43.05 million tonnes in July as evidence of drought continues to weigh on the final harvest numbers. In its 11th forecast of the season, crop
Published 20 Aug, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (August 19, 2016).

Published 20 Aug, 2016 12:00am
Gold down in Europe

Gold down in Europe

Gold fell more than 1 percent on Friday, snapping a week-long streak of gains following conflicting signals from US Federal Reserve officials on the timing of a possible rate hike, but was still on track to end the week higher. Spot gold fell as much as 1
Published 20 Aug, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (August 19, 2016).

Published 20 Aug, 2016 12:00am
Gold falls in Asia

Gold falls in Asia

Gold fell on Friday for the first time this week as hawkish comments from US Federal Reserve officials renewed bets on a US rate hike this year, but was still on track to end the week with modest gains. Spot gold was down 0.3 percent at $1,348.31 per ounc
Published 20 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 Friday (August 19, 2016).

Published 20 Aug, 2016 12:00am
Gold rises in New York

Gold rises in New York

Gold rose on Thursday, buoyed by a weaker dollar after minutes from the US Federal Reserve's July meeting showed policymakers were divided over whether to raise interest rates soon. Members of the Fed's rate-setting Federal Open Market Committee were gene
Published 20 Aug, 2016 12:00am
Cocoa falls, Arabica coffee turns higher

Cocoa falls, Arabica coffee turns higher

Cocoa futures turned lower on profit-taking after rising to one-month highs on Friday, but still closed the week higher on concerns that adverse crop weather in top grower Ivory Coast could limit an anticipated rebound in 2016-17 production. Arabica coffe
Published 20 Aug, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (August 19, 2016)

Published 20 Aug, 2016 12:00am
Palm oil sees third weekly gain

Palm oil sees third weekly gain

Malaysian palm oil futures rose on Friday to post their third consecutive weekly gain, boosted by tight supplies and expectations of higher exports. Benchmark palm oil futures for November on the Bursa Malaysia Derivatives Exchange rose 0.1 percent to 2,5
Published 20 Aug, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (August 19, 2016).

Published 20 Aug, 2016 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 20 Aug, 2016 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 20 Aug, 2016 12:00am
Rubber climbs

Rubber climbs

Benchmark Tokyo rubber futures rose on Friday after hitting a one-week low in the previous session as buoyant crude oil prices boosted risk appetite, but posted their first weekly fall in three. "The market has been really quiet this week with many invest
Published 20 Aug, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (August 19, 2016).

Published 20 Aug, 2016 12:00am
Spread of Congo virus: Turkish, UVAS experts discuss steps

Spread of Congo virus: Turkish, UVAS experts discuss steps

A delegation of experts including Dr Ebru Arydin and Dr Dilek Meneminilogo from the Turkish Public Health Institute, Turkey, visited the University of Veterinary and Animal Sciences (UVAS) on Friday and discussed with the UVAS researchers and the Livestoc
Published 20 Aug, 2016 12:00am
Small Grants & Ambassador's Fund Programme: USAID showcases achievements

Small Grants & Ambassador's Fund Programme: USAID showcases achievements

The United States Agency for International Development (USAID) showcased the achievements of the Small Grants and Ambassador's Fund Programme. The programme, implemented by the National Rural Support Programme, has supported 56 grants worth $7 million in
Published 20 Aug, 2016 12:00am
Health sector: PDWP approves two schemes costing Rs 11.5 billion

Health sector: PDWP approves two schemes costing Rs 11.5 billion

The Punjab Provincial Development Working Party has given its approval to the Integrated Reproductive Maternal New-born & Child Health & Nutrition Program at the cost of Rs 9882.560 million and Prevention and Control of Hepatitis B&C in the province at th
Published 20 Aug, 2016 12:00am
Neelum Jhelum Project: Wapda chief reviews progress

Neelum Jhelum Project: Wapda chief reviews progress

Pakistan Water and Power Development Authority (WAPDA) Chairman Zafar Mehmood on Friday reviewed the construction work on 969 MW-Neelum Jhelum Hydropower Project (NJHP). According to the WAPDA spokesman, the meeting reviewed in detail the construction wor
Published 20 Aug, 2016 12:00am
UHS declares BSc nursing results

UHS declares BSc nursing results

The University of Health Sciences (UHS) has announced the results of Third Professional BSc nursing (4-year programme) Revised Scheme annual examination. A total of 141 candidates from five affiliated institutes appeared in the examination out of which 13
Published 20 Aug, 2016 12:00am
Bosnian envoy highlights importance of education

Bosnian envoy highlights importance of education

Bosnia and Pakistan are identical Muslim countries and they must invest in education to bring qualitative socio economic changes in their societies, said His Excellency Dr Nedim Makarevic ambassador of Bosnia.
Published 20 Aug, 2016 12:00am
Shamsheer-e-Behr VI concludes

Shamsheer-e-Behr VI concludes

Pakistan Navy's biennial war games Shamsheer-e-Bahr-VI concluded at Karachi yesterday. Prime Minister of Islamic Republic of Pakistan Mr Muhammad Nawaz Sharif graced the occasion. Chief of the Naval Staff Admiral Muhammad Zakaullah received the Chief Gues
Published 20 Aug, 2016 12:00am
SBI wants to hold 'business opportunity' conference with US Consulate

SBI wants to hold 'business opportunity' conference with US Consulate

Sindh Board of Investment (SBI) has shown interest in holding a business opportunity conference with the cooperation of US Consulate to brief the US investors pertaining to the investment opportunities in Sindh. This was expressed by SBI Chairperson Nahee
Published 20 Aug, 2016 12:00am
Engro half year profits down 28 percent

Engro half year profits down 28 percent

Engro Corporation announced a profit-after-tax (PAT) of Rs 6.91 billion for the first half year that ended June 30, said the company Friday. This represents Rs 10.54 earnings per share (EPS). The company's profits were down by 28 percent from Rs 9.56 bill
Published 20 Aug, 2016 12:00am
Four of a family gunned down in Quetta

Four of a family gunned down in Quetta

Some unidentified persons barged into a house in Harnai near Quetta and opened indiscriminate fire, killing four persons on the spot and injuring a woman. The dead and injured are members of the same family. The attackers managed to escape from the scene
Published 20 Aug, 2016 12:00am
Engro half year profits down 28 percent

Engro half year profits down 28 percent

Engro Corporation announced a profit-after-tax (PAT) of Rs 6.91 billion for the first half year that ended June 30, said the company Friday. This represents Rs 10.54 earnings per share (EPS). The company's profits were down by 28 percent from Rs 9.56 bill
Published 20 Aug, 2016 12:00am
Jam Kamal performs ground-breaking of Gwadar gas schemes

Jam Kamal performs ground-breaking of Gwadar gas schemes

Minister of State for Petroleum and Natural Resources, Jam Kamal Khan performed the ground breaking of a number of natural gas distribution schemes being implemented by SSGC in different localities of Gwadar. The ground breaking ceremony, held at Pearl Co
Published 20 Aug, 2016 12:00am
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