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May 14, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-09-06
Security Council to meet after latest North Korea missile test

Security Council to meet after latest North Korea missile test

The UN Security Council will convene Tuesday to discuss North Korea after the isolated communist state test-fired three ballistic missiles into the sea during the G20 summit in China, sparking condemnation from a senior US official at the meeting. The dis
Published 06 Sep, 2016 12:00am
Imran urges SC to set aside objections over petition

Imran urges SC to set aside objections over petition

Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan on Monday urged the Supreme Court to set aside its Registrar's objections over his petition seeking Prime Minister Nawaz Sharif's disqualification. In August 29,2016, filing the petition under Article 184
Published 06 Sep, 2016 12:00am
Imran urges SC to set aside objections over petition

Imran urges SC to set aside objections over petition

Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan on Monday urged the Supreme Court to set aside its Registrar's objections over his petition seeking Prime Minister Nawaz Sharif's disqualification. In August 29,2016, filing the petition under Article 184
Published 06 Sep, 2016 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 06 Sep, 2016 12:00am
Imran urges SC to set aside objections over petition

Imran urges SC to set aside objections over petition

Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan on Monday urged the Supreme Court to set aside its Registrar''s objections over his petition seeking Prime Minister Nawaz Sharif''s disqualification. In August 29,2016, filing the petition under Article 1
Published 06 Sep, 2016 12:00am
Imran urges SC to set aside objections over petition

Imran urges SC to set aside objections over petition

Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan on Monday urged the Supreme Court to set aside its Registrar''''s objections over his petition seeking Prime Minister Nawaz Sharif''''s disqualification. In August 29,2016, filing the petition under Artic
Published 06 Sep, 2016 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 06 Sep, 2016 12:00am
ECP receives references

ECP receives references

The Election Commission of Pakistan (ECP) has received references from Speaker National Assembly Sardar Ayaz Sadiq seeking disqualification of Pakistan Tehreek-e-Insaf Chairman Imran Khan and PTI Member Jahangir Tareen as Members of National Assembly. Mea
Published 06 Sep, 2016 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 06 Sep, 2016 12:00am
ECP receives references

ECP receives references

The Election Commission of Pakistan (ECP) has received references from Speaker National Assembly Sardar Ayaz Sadiq seeking disqualification of Pakistan Tehreek-e-Insaf Chairman Imran Khan and PTI Member Jahangir Tareen as Members of National Assembly. Mea
Published 06 Sep, 2016 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 06 Sep, 2016 12:00am
Pakistan trades at discount to India and other EMs

Pakistan trades at discount to India and other EMs

A stock market boom and five percent economic growth are helping Pakistan to find favour among international investors and its re-entry next year into a widely used emerging equity index could cement the rally. For years Pakistan has traded at a chunky di
Published 06 Sep, 2016 12:00am
Pakistan trades at discount to India and other EMs

Pakistan trades at discount to India and other EMs

A stock market boom and five percent economic growth are helping Pakistan to find favour among international investors and its re-entry next year into a widely used emerging equity index could cement the rally. For years Pakistan has traded at a chunky di
Published 06 Sep, 2016 12:00am
Pakistan trades at discount to India and other EMs

Pakistan trades at discount to India and other EMs

A stock market boom and five percent economic growth are helping Pakistan to find favour among international investors and its re-entry next year into a widely used emerging equity index could cement the rally. For years Pakistan has traded at a chunky di
Published 06 Sep, 2016 12:00am
Working group of 8th NFC Award firms up proposals

Working group of 8th NFC Award firms up proposals

The working group of the National Finance Commission comprising representatives of the four provinces met here on Monday to firm up proposals for a new resource sharing formula among the centre and the federating units. Chief Minister Sindh also attended
Published 06 Sep, 2016 12:00am
Working group of 8th NFC Award firms up proposals

Working group of 8th NFC Award firms up proposals

The working group of the National Finance Commission comprising representatives of the four provinces met here on Monday to firm up proposals for a new resource sharing formula among the centre and the federating units. Chief Minister Sindh also attended
Published 06 Sep, 2016 12:00am
Working group of 8th NFC Award firms up proposals

Working group of 8th NFC Award firms up proposals

The working group of the National Finance Commission comprising representatives of the four provinces met here on Monday to firm up proposals for a new resource sharing formula among the centre and the federating units. Chief Minister Sindh also attended
Published 06 Sep, 2016 12:00am
Russia, Saudi agree cooperation on oil price but not freeze

Russia, Saudi agree cooperation on oil price but not freeze

The world's two biggest oil producers Saudi Arabia and Russia said Monday they had agreed to "act together" to try to stabilise oil prices, but failed to make headway on a production freeze. The two nations "noted the particular importance of constructive
Published 06 Sep, 2016 12:00am
Russia, Saudi agree cooperation on oil price but not freeze

Russia, Saudi agree cooperation on oil price but not freeze

The world's two biggest oil producers Saudi Arabia and Russia said Monday they had agreed to "act together" to try to stabilise oil prices, but failed to make headway on a production freeze. The two nations "noted the particular importance of constructive
Published 06 Sep, 2016 12:00am
Russia, Saudi agree cooperation on oil price but not freeze

Russia, Saudi agree cooperation on oil price but not freeze

The world''s two biggest oil producers Saudi Arabia and Russia said Monday they had agreed to "act together" to try to stabilise oil prices, but failed to make headway on a production freeze. The two nations "noted the particular importance of constructiv
Published 06 Sep, 2016 12:00am
Rupee at seasonal high
Currency

Rupee at seasonal high

The rupee hit seasonal high against the dollar on the currency market on Monday in the process of trading, dealers said. Persistent rise in the value of the rupee against the dollar helped narrowing the difference between open and interbank rates, money e
Published 06 Sep, 2016 12:00am
Members of NTC: Ministry recommends five names to PM

Members of NTC: Ministry recommends five names to PM

Commerce Ministry has reportedly recommended five names to Prime Minister Nawaz Sharif as Members of a dysfunctional National Tariff Commission (NTC), well informed sources told Business Recorder. The names are: (i) Qasim Niaz, former Secretary Com
Published 06 Sep, 2016 12:00am
Rupee at seasonal high
Currency

Rupee at seasonal high

The rupee hit seasonal high against the dollar on the currency market on Monday in the process of trading, dealers said. Persistent rise in the value of the rupee against the dollar helped narrowing the difference between open and interbank rates, money e
Published 06 Sep, 2016 12:00am
Members of NTC: Ministry recommends five names to PM

Members of NTC: Ministry recommends five names to PM

Commerce Ministry has reportedly recommended five names to Prime Minister Nawaz Sharif as Members of a dysfunctional National Tariff Commission (NTC), well informed sources told Business Recorder. The names are: (i) Qasim Niaz, former Secretary Com
Published 06 Sep, 2016 12:00am
Members of NTC: Ministry recommends five names to PM

Members of NTC: Ministry recommends five names to PM

Commerce Ministry has reportedly recommended five names to Prime Minister Nawaz Sharif as Members of a dysfunctional National Tariff Commission (NTC), well informed sources told Business Recorder. The names are: (i) Qasim Niaz, former Secretary Com
Published 06 Sep, 2016 12:00am
Volatility persists

Volatility persists

The share market started the week on a volatile note Monday with the KSE-100 index shedding 186.5 points or 0.47 percent to close at 39,278 points. Opening from the previous 39,465 points, the benchmark index hit the intraday high and low of 39,596 and 39
Published 06 Sep, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (September 05, 2016).

Published 06 Sep, 2016 12:00am
Volatility persists

Volatility persists

The share market started the week on a volatile note Monday with the KSE-100 index shedding 186.5 points or 0.47 percent to close at 39,278 points. Opening from the previous 39,465 points, the benchmark index hit the intraday high and low of 39,596 and 39
Published 06 Sep, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (September 05, 2016).

Published 06 Sep, 2016 12:00am
Volatility persists

Volatility persists

The share market started the week on a volatile note Monday with the KSE-100 index shedding 186.5 points or 0.47 percent to close at 39,278 points. Opening from the previous 39,465 points, the benchmark index hit the intraday high and low of 39,596 and 39
Published 06 Sep, 2016 12:00am
BRIndex30 up 182.34 points

BRIndex30 up 182.34 points

On Monday, BRIndex30 opened at 23,098.57 points. It touched an intraday high of 23,180.23 points and an intraday low of 22,885.77 points and closed at 22,916.23 points which was -182.34 points or -0.79 percent lower than previous close. Total volume was 1
Published 06 Sep, 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 (September 05, 2016).

Published 06 Sep, 2016 12:00am
BRIndex30 up 182.34 points

BRIndex30 up 182.34 points

On Monday, BRIndex30 opened at 23,098.57 points. It touched an intraday high of 23,180.23 points and an intraday low of 22,885.77 points and closed at 22,916.23 points which was -182.34 points or -0.79 percent lower than previous close. Total volume was 1
Published 06 Sep, 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 (September 05, 2016).

Published 06 Sep, 2016 12:00am
Power projects under CPEC: government allows security cost

Power projects under CPEC: government allows security cost

Federal government has decided to allow one per cent increase in capital cost of power projects falling under the umbrella of China Pakistan Economic Corridor (CPEC) as security cost, sources close to Managing Director PPIB told Business Recorder.
Published 06 Sep, 2016 12:00am
Power projects under CPEC: government allows security cost

Power projects under CPEC: government allows security cost

Federal government has decided to allow one per cent increase in capital cost of power projects falling under the umbrella of China Pakistan Economic Corridor (CPEC) as security cost, sources close to Managing Director PPIB told Business Recorder.
Published 06 Sep, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (September 05, 2016)

Published 06 Sep, 2016 12:00am
Power projects under CPEC: government allows security cost

Power projects under CPEC: government allows security cost

Federal government has decided to allow one per cent increase in capital cost of power projects falling under the umbrella of China Pakistan Economic Corridor (CPEC) as security cost, sources close to Managing Director PPIB told Business Recorder.
Published 06 Sep, 2016 12:00am
Brahamdagh seeks Indian ID

Brahamdagh seeks Indian ID

Leader of the Baloch Republican Party, Brahamdagh Khan Bugti has claimed that Pakistan is trying to create international pressure by issuing a red notice against him, and sought India's intervention to ensure safety for himself and his companions. In an i
Published 06 Sep, 2016 12:00am
Brahamdagh seeks Indian ID

Brahamdagh seeks Indian ID

Leader of the Baloch Republican Party, Brahamdagh Khan Bugti has claimed that Pakistan is trying to create international pressure by issuing a red notice against him, and sought India's intervention to ensure safety for himself and his companions. In an i
Published 06 Sep, 2016 12:00am
G20 promises to coordinate on economy

G20 promises to coordinate on economy

Leaders from the world's top economies broadly agreed at a summit in China on Monday to co-ordinate macroeconomic policies, but few concrete proposals emerged to meet growing challenges to globalisation and free trade. At the two-day gathering in the scen
Published 06 Sep, 2016 12:00am
G20 promises to coordinate on economy

G20 promises to coordinate on economy

Leaders from the world's top economies broadly agreed at a summit in China on Monday to co-ordinate macroeconomic policies, but few concrete proposals emerged to meet growing challenges to globalisation and free trade. At the two-day gathering in the scen
Published 06 Sep, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (September 05, 2016).

Published 06 Sep, 2016 12:00am
G20 promises to coordinate on economy

G20 promises to coordinate on economy

Leaders from the world''s top economies broadly agreed at a summit in China on Monday to co-ordinate macroeconomic policies, but few concrete proposals emerged to meet growing challenges to globalisation and free trade. At the two-day gathering in the sce
Published 06 Sep, 2016 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 06 Sep, 2016 12:00am
India to swap pellet guns for chilli shells

India to swap pellet guns for chilli shells

Police and troops in Indian held Kashmir will use chilli-based shells instead of pellet guns to quell protests, a minister said Monday, after hundreds of civilians sustained serious eye injuries in weeks of unrest. The government has been coming under gro
Published 06 Sep, 2016 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 06 Sep, 2016 12:00am
India to swap pellet guns for chilli shells

India to swap pellet guns for chilli shells

Police and troops in Indian held Kashmir will use chilli-based shells instead of pellet guns to quell protests, a minister said Monday, after hundreds of civilians sustained serious eye injuries in weeks of unrest. The government has been coming under gro
Published 06 Sep, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (September 05, 2016).

Published 06 Sep, 2016 12:00am
Tunis hosts UN-brokered Libya talks

Tunis hosts UN-brokered Libya talks

Libyan politicians began Monday two days of UN-brokered talks in Tunis to discuss power struggles and jihadist threats that are undermining stability in the oil-rich country. The members of the Libyan Political Dialogue signed in December 2015 a political
Published 06 Sep, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (September 05, 2016).

Published 06 Sep, 2016 12:00am
Banks to stay open on Saturday

Banks to stay open on Saturday

The State Bank of Pakistan (SBP) has said that 'ALL' branches of commercial banks and MFBs will remain open on Saturday, 10th September, 2016 from 9:00 am to 5:30 pm in order to cater for the banking needs of general public. Banks & MFBs have accordingly
Published 06 Sep, 2016 12:00am
The Weather

The Weather

The weather report on Monday (September 05, 2016) and the forecast for Tuesday (September 06, 2016).

Published 06 Sep, 2016 12:00am
Eid holidays announced

Eid holidays announced

The federal government Monday announced a three-day holiday on account of Eid-ul-Azha falling on September 13. According to a notification issued on Monday, the interior ministry said that all public and private offices would remain closed from September
Published 06 Sep, 2016 12:00am
France's ex-budget minister on trial for tax fraud

France's ex-budget minister on trial for tax fraud

France's disgraced former budget minister Jerome Cahuzac went on trial Monday for stashing millions abroad while chasing tax cheats at home. The 64-year-old former rising star in the French Socialist Party faces charges of tax evasion and money laundering
Published 06 Sep, 2016 12:00am
Clarification

Clarification

This is with reference to a news item published in Business Recorder titled "FY16 external debt, liabilities hit record $73bn level" dated 30.08.2016. "The news article mentioned that country's external debt and liabilities rose to historic level o
Published 06 Sep, 2016 12:00am
Clarification

Clarification

This is with reference to a news item published in Business Recorder titled "FY16 external debt, liabilities hit record $73bn level" dated 30.08.2016. "The news article mentioned that country's external debt and liabilities rose to historic lev
Published 06 Sep, 2016 12:00am
Clarification

Clarification

This is with reference to a news item published in Business Recorder titled "FY16 external debt, liabilities hit record $73bn level" dated 30.08.2016. "The news article mentioned that country''s external debt and liabilities rose to histori
Published 06 Sep, 2016 12:00am
EDB affairs AGP hasn't conducted audit for six years

EDB affairs AGP hasn't conducted audit for six years

The Auditor General of Pakistan has not conducted an audit of Engineering Development Board (EDB) for the last six years despite massive alleged financial irregularities. Well-informed sources told Business Recorder that the Auditor General last co
Published 06 Sep, 2016 12:00am
Electronic I form hurts trade, imports: KATI

Electronic I form hurts trade, imports: KATI

President of Korangi Association of Trade & Industry (KATI) Zahid Saeed has demanded of the government to delay implementation of electronic I form until removal of technical ambiguities as it hurt trading and import activities. He said the process of con
Published 06 Sep, 2016 12:00am
PCG nabs 68 illegal immigrants in Gwadar

PCG nabs 68 illegal immigrants in Gwadar

Pakistan Coast Guards (PCG) arrested 68 illegal immigrants including three foreigners while trying to enter into Iran here on Monday. According to spokesman, the PCG during investigation at Jivani and Shahjahan check posts in Gwadar arrested 68 illegal im
Published 06 Sep, 2016 12:00am
During 2015-16: exports decreased due to variety of reasons
Currency

During 2015-16: exports decreased due to variety of reasons

Pakistan's exports have decreased from $24.58 billion in 2012-13 to $20.8 billion in 2015-16 due to low investment in export sector, lack of value addition, narrow export basket, economic slowdown and other factors. Minister for Commerce Khurram Dastgir K
Published 06 Sep, 2016 12:00am
Reading habit plays pivotal role in building academic skills: MUET VC

Reading habit plays pivotal role in building academic skills: MUET VC

The reading habit plays pivotal role in building the academic skills of the future generation and there is the need of setting up libraries in the academic institutions so that the students could develop their proficiency in the related subjects. These vi
Published 06 Sep, 2016 12:00am
Implementation of NAP: Senators blame provinces for lack of progress

Implementation of NAP: Senators blame provinces for lack of progress

The lawmakers in Senate on Monday blamed provincial governments for lack of progress on implementation of National Action Plan (NAP) as well no effective coordination among intelligence agencies for Quetta carnage. Speaking on a resolution that was unanim
Published 06 Sep, 2016 12:00am
Islamic banking a growing reality: Wathra

Islamic banking a growing reality: Wathra

Governor State Bank of Pakistan (SBP) Ashraf Mehmood Wathra said on Monday that the ability of Islamic finance to introduce greater discipline into financial system owing to its inherent strengths is relatively more stable and resilient. "Despite its impr
Published 06 Sep, 2016 12:00am
PTI questions integrity, impartiality of NA Speaker

PTI questions integrity, impartiality of NA Speaker

Pakistan Tehreek-e-Insaf on Monday questioned integrity and impartiality of Speaker National Assembly Sardar Ayaz Sadiq for sending references against Imran Khan and Jahangir Tareen to Election Commission of Pakistan for their disqualification from the ho
Published 06 Sep, 2016 12:00am
Hajj operation: 24,547 pilgrims immunised against polio

Hajj operation: 24,547 pilgrims immunised against polio

In-Charge of Polio vaccination center at Haji camp Hayatabad Hazir Mohammad Khan said that Khyber Pakhtunkhwa Polio Emergency Operation center has immunized 24,547 intending pilgrims in last 42 days of Hajj operation. In statement, he added that Hajj flig
Published 06 Sep, 2016 12:00am
Government initiating downsizing plan in PIA?

Government initiating downsizing plan in PIA?

Following the enforcement of the Pakistan Essential Services (Maintenance) Act, 1952 (LIII of 1952) again in Pakistan International Airlines Corporation Limited (PIACL) for six months, the federal government is said to initiate working on downsizing plan
Published 06 Sep, 2016 12:00am
Islamic finance an alternative to conventional financial system?

Islamic finance an alternative to conventional financial system?

Shaikh Mufti Taqi Usmani chairman Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) said on Monday that Islamic finance as an alternative of conventional is not the right approach. While, addressing as keynote speaker at Wor
Published 06 Sep, 2016 12:00am
Ministry won't appoint Abbasi as Gepco CEO

Ministry won't appoint Abbasi as Gepco CEO

Ministry of Water and Power has reportedly decided not to appoint Muzaffar Abbasi as Chief Executive Officer (CEO), Gujranlwala Electric Power Company, after he allegedly concealed facts about his references in NAB courts and FIA, well informed sources to
Published 06 Sep, 2016 12:00am
Electronic Import Form Module launched in WeBOC

Electronic Import Form Module launched in WeBOC

In order to effectively monitor imports into Pakistan, the State Bank of Pakistan and Pakistan Customs have successfully launched and implemented Electronic Import Form (EIF) Module in WeBOC (Web Based One Customs), the IT system of Pakistan Customs w.e.f
Published 06 Sep, 2016 12:00am
Sindh resources may help resolve energy crisis: SBI chief

Sindh resources may help resolve energy crisis: SBI chief

Chairperson Sindh Board of Investment (SBI), Naheed Memon said that the Sindh province got the resources which may help resolve energy crisis in the country. Speaking at a seminar on renewable energy organized by famous company of Denmark, Ramball, she sa
Published 06 Sep, 2016 12:00am
Lenovo launches thinnest tablet

Lenovo launches thinnest tablet

Lenovo launched the Yoga Book, the world's thinnest and lightest 2-in-1 tablet, designed for unmatched productivity while on-the-go. Built for mobility and to solve the most common challenge among tablet users; how to achieve productivity and entertainmen
Published 06 Sep, 2016 12:00am
Corporate governance: Owners of NLCs urged to establish framework

Corporate governance: Owners of NLCs urged to establish framework

The Securities and Exchange Commission of Pakistan (SECP) has proposed that the owners of Non-Listed Companies (NLCs) may establish a basic framework of corporate governance through the company's constitutive documents (eg Articles of Associations). The S
Published 06 Sep, 2016 12:00am
Combing operations: three TTP terrorists killed, 98 suspects held

Combing operations: three TTP terrorists killed, 98 suspects held

Three alleged terrorists of the TTP were killed while 98 suspects including two criminals arrested during combing operations conducted from April 30 to September 3, 2016 in Hyderabad district. The district police along with law enforcement agencies carrie
Published 06 Sep, 2016 12:00am
Technical & vocational sector Chinese team, NAVTTC discuss collaboration

Technical & vocational sector Chinese team, NAVTTC discuss collaboration

To enhance cooperation and boost collaboration in various areas of technical and vocational sector, a meeting was held with a Chinese delegation from Tianjin Development and Reform Commission, China under the chairmanship of the Executive Director NAVTTC,
Published 06 Sep, 2016 12:00am
Mastercard collaborates with Inov8 Limited to boost digital payment

Mastercard collaborates with Inov8 Limited to boost digital payment

Demonstrating a shared commitment towards nurturing a strong cashless environment in Pakistan, Mastercard, a leading technology company in the global payments industry, and Inov8 Limited, one of the fastest growing financial technology companies in the re
Published 06 Sep, 2016 12:00am
Fatemi seeks NSG membership support

Fatemi seeks NSG membership support

Special Assistant to the Prime Minister on Foreign Affairs, Syed Tariq Fatemi, visited Brussels on Monday as the Prime Minister's Special Envoy. During the visit, Fatemi held meetings with Didier Reynders, Deputy Prime Minister and Minister of Foreign Aff
Published 06 Sep, 2016 12:00am
Bahawalpur vet university project reviewed

Bahawalpur vet university project reviewed

The University of Veterinary and Animal Sciences Lahore has organised second meeting of steering committee on the "Establishment of the University of Veterinary and Animal Sciences Bahawalpur," here on Monday. Speaking on the occasion, MPA Chaudhry Khalid
Published 06 Sep, 2016 12:00am
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