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May 14, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-09-22
Nepra identifies 39 issues regarding KE's new MYT

Nepra identifies 39 issues regarding KE's new MYT

National Electric Power Regulatory Authority (Nepra) has identified as many as 39 issues pertaining to formation of K-Electric's new Multi Year Tariff (MYT). Also, the regulatory body has fixed 27 and 28 September the date of public hearing on KE's integr
Published 22 Sep, 2016 12:00am
Pakistan auto parts attract attention 'Automechanika' Frankfurt

Pakistan auto parts attract attention 'Automechanika' Frankfurt

Pakistan's automotive parts & accessories manufacturers have received positive response from Germany and other European countries during the Automechanika, 2016 held at Frankfurt. This was stated by Mashood Ali Khan, senior vice chairman, Pakistan Associa
Published 22 Sep, 2016 12:00am
Oracle transforms cloud infrastructure market

Oracle transforms cloud infrastructure market

Oracle has introduced the broadest array of Infrastructure-as-a-Service (IaaS) offerings in the industry, which include bare metal cloud servers that are 11.5X faster and 20 percent cheaper than the fastest solution offered by the competition. The new add
Published 22 Sep, 2016 12:00am
Seminar organized to celebrate 'International Day of Peace'

Seminar organized to celebrate 'International Day of Peace'

International Day of Peace was celebrated at US-Pakistan Center for Advanced Studies in Water (USPCAS-W) at Mehran University of Engineering and Technology (MUET) Jamshoro. On this occasion, Society of Water Managers (SWM) of the Center organized a progra
Published 22 Sep, 2016 12:00am
BIEK announces results of Inter Commerce Part-II Exams

BIEK announces results of Inter Commerce Part-II Exams

Board of Intermediate Education Karachi (BIEK) has announced the results of intermediate commerce part II 2016 (regular and private), here on Wednesday. Controller Examination BIEK Imran Khan Chisti announced that in Commerce Regular, Aisha Asif of DA Deg
Published 22 Sep, 2016 12:00am
Cases involving over Rs 100 million to be probed on priority: NAB chief

Cases involving over Rs 100 million to be probed on priority: NAB chief

Following the directives of courts, the National Accountability Bureau (NAB) has announced to pursue investigations of the cases wherein an amount over Rs 100 million is involved. This was decided by chairman NAB while chairing performance review meeting
Published 22 Sep, 2016 12:00am
Call for allowing export of surplus urea

Call for allowing export of surplus urea

Chairman, Federation of Pakistan Chambers of Commerce & Industry's (FPCCI) Regional Standing Committee, Ahmad Jawad, has said the fertilizer industry is the backbone of the agriculture sector and government should allow export of surplus urea to facilitat
Published 22 Sep, 2016 12:00am
FBR issues 212 SROs

FBR issues 212 SROs

The Federal Board of Revenue (FBR) has issued a total of 212 statutory regulatory orders (SROs) of income tax, sales tax, Federal Excise Duty (FED) and customs duty during 2015-16 and 2014-15. According to the data compiled by the FBR on SROs, the income
Published 22 Sep, 2016 12:00am
OLMTP nears halfway point to completion

OLMTP nears halfway point to completion

The Lahore Orange Line Metro Train Project was right on track as more than 48 percent construction work of the project has so far been completed besides substantial progress on nine out of the 11 elevated stations being built from Dera Gujjran to Mecleod
Published 22 Sep, 2016 12:00am
Zarb-e-Azb: US acknowledges progress made by armed forces

Zarb-e-Azb: US acknowledges progress made by armed forces

The 25th meeting of the United States-Pakistan Defence Consultative Group (DCG) was held at Ministry of Defence, Rawalpindi, on September 21, 2016. Pakistan's delegation was led by Defense Secretary Lieutenant General Zamir Ul Hassan Shah (Retired) and th
Published 22 Sep, 2016 12:00am
New Passco MD takes charge

New Passco MD takes charge

Muhammad Khan Khichi has taken over the charge as new Managing Director of the Pakistan Agricultural Storage and Services Corporation (Passco). According to an official announcement here on Tuesday, Khichi took over his office the other day. Formerly, he
Published 22 Sep, 2016 12:00am
Ministry takes notice of illegal appointments in FIA

Ministry takes notice of illegal appointments in FIA

Ministry of Interior has taken notice of illegal appointments and transfers in the Federal Investigation Agency (FIA) and sought report from Director General (DG) FIA. An official said that Ministry of Interior has sought report from DG FIA regarding reap
Published 22 Sep, 2016 12:00am
Senate body irked by absence of CDA chairman, officials

Senate body irked by absence of CDA chairman, officials

Senate Standing Committee on Cabinet has asked officials from Ministry of Law and Election Commission of Pakistan to attend its next meeting to review legal and constitutional position of appointment of a political person as chairman Capital Development A
Published 22 Sep, 2016 12:00am
KP PA panel for unveiling package for patwaris

KP PA panel for unveiling package for patwaris

Khyber Pakhtunkhwa Assembly Standing Committee on Revenue Department has called for announcement of an incentive package including up-gradation of Patwaris from BPS-9 to BPS- 11; Qanoongos from BPS-11 to BPS-12 while the post of Tehsil Accountant from BPS
Published 22 Sep, 2016 12:00am
Mari Petroleum signs 6-year TFA with HBL

Mari Petroleum signs 6-year TFA with HBL

Mari Petroleum Company Limited has signed a Six Years' Term Finance Agreement with Habib Bank Limited for an amount of Rs 9.0 billion for exploration and developmental projects to be carried out in various fields/blocks. The loan agreement was signed in a
Published 22 Sep, 2016 12:00am
FPCCI to hold exhibition on Punjabi culture

FPCCI to hold exhibition on Punjabi culture

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has planned to hold an exhibition to promote the Punjab culture and cottage industry. Chairman of the FPCCI Standing Committee on Cottage Industry Muhammad Yasin revealed this while pres
Published 22 Sep, 2016 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Wednesday (September 21, 2016).

Published 22 Sep, 2016 12:00am
World Bank approves $390 million AF for power expansion generation

World Bank approves $390 million AF for power expansion generation

The World Bank approved Wednesday an Additional Financing (AF) of $390 million to help sustainable expansion of Pakistan's electricity generation capacity. The AF under Tarbela Fourth Extension Hydropower Project will add 1,410 Megawatt (MW) of environmen
Published 22 Sep, 2016 12:00am
World Bank approves $390 million AF for power expansion generation

World Bank approves $390 million AF for power expansion generation

The World Bank approved Wednesday an Additional Financing (AF) of $390 million to help sustainable expansion of Pakistan''s electricity generation capacity. The AF under Tarbela Fourth Extension Hydropower Project will add 1,410 Megawatt (MW) of environme
Published 22 Sep, 2016 12:00am
OECD sees growth flounder as 'globalisation stalls'

OECD sees growth flounder as 'globalisation stalls'

Global economic growth will flounder this year and next at rates not seen since the financial crisis as the march of globalisation grinds to a halt, the OECD warned on Wednesday. Long a motor for the global economy, trade growth is set to lag growth in th
Published 22 Sep, 2016 12:00am
Of 0.5 million Sepco consumers 0.35 million are defaulters!

Of 0.5 million Sepco consumers 0.35 million are defaulters!

National Assembly Standing Committee on Water and Power on Wednesday accused power Distribution Companies (Discos) of engaging in overbilling in different areas and urged the Ministry of Water and Power to rectify the situation. Presided over by Arshad Kh
Published 22 Sep, 2016 12:00am
Of 0.5 million Sepco consumers 0.35 million are defaulters!

Of 0.5 million Sepco consumers 0.35 million are defaulters!

National Assembly Standing Committee on Water and Power on Wednesday accused power Distribution Companies (Discos) of engaging in overbilling in different areas and urged the Ministry of Water and Power to rectify the situation. Presided over by Arshad Kh
Published 22 Sep, 2016 12:00am
Of 0.5 million Sepco consumers 0.35 million are defaulters!

Of 0.5 million Sepco consumers 0.35 million are defaulters!

National Assembly Standing Committee on Water and Power on Wednesday accused power Distribution Companies (Discos) of engaging in overbilling in different areas and urged the Ministry of Water and Power to rectify the situation. Presided over by Arshad Kh
Published 22 Sep, 2016 12:00am
First oil in two years leaves key Libyan port
Currency

First oil in two years leaves key Libyan port

An oil tanker left a key Libyan port early Wednesday with the first crude shipment from the terminal since fighting halted exports there in 2014, an official said. Oil is war-ravaged Libya's key asset, and rival administrations have been vying for control
Published 22 Sep, 2016 12:00am
First oil in two years leaves key Libyan port
Currency

First oil in two years leaves key Libyan port

An oil tanker left a key Libyan port early Wednesday with the first crude shipment from the terminal since fighting halted exports there in 2014, an official said. Oil is war-ravaged Libya's key asset, and rival administrations have been vying for control
Published 22 Sep, 2016 12:00am
First oil in two years leaves key Libyan port
Currency

First oil in two years leaves key Libyan port

An oil tanker left a key Libyan port early Wednesday with the first crude shipment from the terminal since fighting halted exports there in 2014, an official said. Oil is war-ravaged Libya''s key asset, and rival administrations have been vying for contro
Published 22 Sep, 2016 12:00am
PSX sheds 569 points

PSX sheds 569 points

Pakistan Stock Exchange on Wednesday witnessed a negative trend due to investors' concerns over rising political tensions, deterioration in Pak-India relations and rumours about margin calls. The benchmark KSE-100 index declined by 569.04 points and close
Published 22 Sep, 2016 12:00am
PSX sheds 569 points

PSX sheds 569 points

Pakistan Stock Exchange on Wednesday witnessed a negative trend due to investors' concerns over rising political tensions, deterioration in Pak-India relations and rumours about margin calls. The benchmark KSE-100 index declined by 569.04 points and close
Published 22 Sep, 2016 12:00am
PSX sheds 569 points

PSX sheds 569 points

Pakistan Stock Exchange on Wednesday witnessed a negative trend due to investors'' concerns over rising political tensions, deterioration in Pak-India relations and rumours about margin calls. The benchmark KSE-100 index declined by 569.04 points and clos
Published 22 Sep, 2016 12:00am
BRIndex30 loses 519.88 points

BRIndex30 loses 519.88 points

On Wednesday, BRIndex30 opened at 23,591.09 points. It touched an intraday high of 23,614.09 points and an intraday low of 22,991.46 points and closed at 23,071.21 points which was -519.88 points or -2.2 percent lower than previous close. Total volume was
Published 22 Sep, 2016 12:00am
BRIndex30 loses 519.88 points

BRIndex30 loses 519.88 points

On Wednesday, BRIndex30 opened at 23,591.09 points. It touched an intraday high of 23,614.09 points and an intraday low of 22,991.46 points and closed at 23,071.21 points which was -519.88 points or -2.2 percent lower than previous close. Total volume was
Published 22 Sep, 2016 12:00am
PAF to use motorway as runway?

PAF to use motorway as runway?

Responding to India's warmongering and belligerent statements after the terror attack in Uri, Pakistan army is said to have started making preparations and arrangements for aircraft landing on the motorway. Concrete and steel barriers on the motorway have
Published 22 Sep, 2016 12:00am
PAF to use motorway as runway?

PAF to use motorway as runway?

Responding to India's warmongering and belligerent statements after the terror attack in Uri, Pakistan army is said to have started making preparations and arrangements for aircraft landing on the motorway. Concrete and steel barriers on the motorway have
Published 22 Sep, 2016 12:00am
New Delhi summons HC

New Delhi summons HC

The Indian Ministry of External Affairs has on Wednesday summoned Pakistan High Commissioner Abdul Basit. The envoy has been called in by Indian Foreign Secretary Jai Shankar to lodge a formal protest over the attack at Army Brigade Headquarters in Uri wh
Published 22 Sep, 2016 12:00am
New Delhi summons HC

New Delhi summons HC

The Indian Ministry of External Affairs has on Wednesday summoned Pakistan High Commissioner Abdul Basit. The envoy has been called in by Indian Foreign Secretary Jai Shankar to lodge a formal protest over the attack at Army Brigade Headquarters in Uri wh
Published 22 Sep, 2016 12:00am
India persuading Bangladesh, Afghanistan to boycott Saarc moot

India persuading Bangladesh, Afghanistan to boycott Saarc moot

Indian Prime Minister Narendra Modi is reportedly not attending the upcoming 19th Saarc Summit scheduled for November 9 and 10 in Islamabad amid rising tension between the two countries. The Indian media has reported that Prime Minister Modi has not only
Published 22 Sep, 2016 12:00am
India persuading Bangladesh, Afghanistan to boycott Saarc moot

India persuading Bangladesh, Afghanistan to boycott Saarc moot

Indian Prime Minister Narendra Modi is reportedly not attending the upcoming 19th Saarc Summit scheduled for November 9 and 10 in Islamabad amid rising tension between the two countries. The Indian media has reported that Prime Minister Modi has not only
Published 22 Sep, 2016 12:00am
Dar meets CoAS

Dar meets CoAS

Federal Minister for Finance Ishaq Dar on Wednesday called on Chief of Army Staff (CoAS) General Raheel Sharif at General Headquarters (GHQ) here. Financing matters related to capacity building for effective Pakistan-Afghan border management including rai
Published 22 Sep, 2016 12:00am
Dar meets CoAS

Dar meets CoAS

Federal Minister for Finance Ishaq Dar on Wednesday called on Chief of Army Staff (CoAS) General Raheel Sharif at General Headquarters (GHQ) here. Financing matters related to capacity building for effective Pakistan-Afghan border management including rai
Published 22 Sep, 2016 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 22 Sep, 2016 12:00am
India obstacle to peace: Nawaz

India obstacle to peace: Nawaz

Prime Minister Nawaz Sharif lashed out at India over escalating tensions in Kashmir, telling the UN General Assembly on Wednesday that New Delhi was an obstacle to peace. Gun battles raged Tuesday on the disputed Kashmir border between the nuclear-armed n
Published 22 Sep, 2016 12:00am
India obstacle to peace: Nawaz

India obstacle to peace: Nawaz

Prime Minister Nawaz Sharif lashed out at India over escalating tensions in Kashmir, telling the UN General Assembly on Wednesday that New Delhi was an obstacle to peace. Gun battles raged Tuesday on the disputed Kashmir border between the nuclear-armed n
Published 22 Sep, 2016 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 22 Sep, 2016 12:00am
MQM-London dissolves Rabita Committee, organisational set-up

MQM-London dissolves Rabita Committee, organisational set-up

Condemning the resolution adopted by Sindh Assembly against Altaf Hussain on Wednesday, London leadership of Muttahida Qaumi Movement (MQM) dissolved its administrative structure and organisational set-up. The decision was taken by the MQM's London leader
Published 22 Sep, 2016 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 22 Sep, 2016 12:00am
Dar, ADB official discuss CAREC conference agenda

Dar, ADB official discuss CAREC conference agenda

Werner Leipach, Country Head Asian Development Bank (ADB) called on the Federal Minister for Finance Senator Ishaq Dar Wednesday. Minister welcomed the guest and discussed with him the agenda for the upcoming CAREC (Central Asia Regional Economic Co-opera
Published 22 Sep, 2016 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 22 Sep, 2016 12:00am
Dar, ADB official discuss CAREC conference agenda

Dar, ADB official discuss CAREC conference agenda

Werner Leipach, Country Head Asian Development Bank (ADB) called on the Federal Minister for Finance Senator Ishaq Dar Wednesday. Minister welcomed the guest and discussed with him the agenda for the upcoming CAREC (Central Asia Regional Economic Co-opera
Published 22 Sep, 2016 12:00am
Dar, ADB official discuss CAREC conference agenda

Dar, ADB official discuss CAREC conference agenda

Werner Leipach, Country Head Asian Development Bank (ADB) called on the Federal Minister for Finance Senator Ishaq Dar Wednesday. Minister welcomed the guest and discussed with him the agenda for the upcoming CAREC (Central Asia Regional Economic Co-opera
Published 22 Sep, 2016 12:00am
Auction for PIBs witnesses healthy participation

Auction for PIBs witnesses healthy participation

Auction of Pakistan Investment Bonds (PIBs) witnessed healthy participation by the banks to book profits on higher rates. The State Bank of Pakistan (SBP) on Wednesday conducted auction of PIBs for sale of 3-, 5-, 10- and 20 years maturity with coupon rat
Published 22 Sep, 2016 12:00am
Auction for PIBs witnesses healthy participation

Auction for PIBs witnesses healthy participation

Auction of Pakistan Investment Bonds (PIBs) witnessed healthy participation by the banks to book profits on higher rates. The State Bank of Pakistan (SBP) on Wednesday conducted auction of PIBs for sale of 3-, 5-, 10- and 20 years maturity with coupon rat
Published 22 Sep, 2016 12:00am
Auction for PIBs witnesses healthy participation

Auction for PIBs witnesses healthy participation

Auction of Pakistan Investment Bonds (PIBs) witnessed healthy participation by the banks to book profits on higher rates. The State Bank of Pakistan (SBP) on Wednesday conducted auction of PIBs for sale of 3-, 5-, 10- and 20 years maturity with coupon rat
Published 22 Sep, 2016 12:00am
Auction for PIBs witnesses healthy participation

Auction for PIBs witnesses healthy participation

Auction of Pakistan Investment Bonds (PIBs) witnessed healthy participation by the banks to book profits on higher rates. The State Bank of Pakistan (SBP) on Wednesday conducted auction of PIBs for sale of 3-, 5-, 10- and 20 years maturity with coupon rat
Published 22 Sep, 2016 12:00am
Iraq MPs vote to sack finance minister after graft allegations

Iraq MPs vote to sack finance minister after graft allegations

Iraq's parliament voted on Wednesday to remove the country's finance minister, who was questioned over corruption allegations last month, lawmakers said. The removal of Hoshyar Zebari, who has served in every government since 2003, comes as Iraq faces a m
Published 22 Sep, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (September 21, 2016).

Published 22 Sep, 2016 12:00am
Iraq MPs vote to sack finance minister after graft allegations

Iraq MPs vote to sack finance minister after graft allegations

Iraq's parliament voted on Wednesday to remove the country's finance minister, who was questioned over corruption allegations last month, lawmakers said. The removal of Hoshyar Zebari, who has served in every government since 2003, comes as Iraq faces a m
Published 22 Sep, 2016 12:00am
Knife attacker shot outside Israeli embassy in Ankara

Knife attacker shot outside Israeli embassy in Ankara

A mentally disturbed Turkish man wielding a knife tried to storm the Israeli embassy in Ankara on Wednesday but was shot by police before reaching the building, Turkish and Israeli officials said. The man, armed with a 30-centimetre (12-inch) knife, ran t
Published 22 Sep, 2016 12:00am
Knife attacker shot outside Israeli embassy in Ankara

Knife attacker shot outside Israeli embassy in Ankara

A mentally disturbed Turkish man wielding a knife tried to storm the Israeli embassy in Ankara on Wednesday but was shot by police before reaching the building, Turkish and Israeli officials said. The man, armed with a 30-centimetre (12-inch) knife, ran t
Published 22 Sep, 2016 12:00am
500 widows: Senate body directs MD HBFC to resolve issue
Currency

500 widows: Senate body directs MD HBFC to resolve issue

A meeting of standing committee of Senate on Finance, Revenue, Economic affairs, statistics and privatization was held under the chair of Senator Salim Mundviwala at Sindh Assembly building here on Wednesday. The meeting was attended by Senators Nasreen J
Published 22 Sep, 2016 12:00am
Seeking US help

Seeking US help

Pakistan has asked the US to help resolve all outstanding issues with India. "I expect the US administration and Secretary Kerry will use his good offices to help in resolving bilateral issues between Pakistan and India," Prime Minister Nawaz Sharif repor
Published 22 Sep, 2016 12:00am
Profundity of brain power

Profundity of brain power

Human history is witness to the fact that the greatest contributor to the wealth, prosperity and development of a nation is not the stock of its natural resources but its stock of brain power. There are many countries in our contemporary world that are en
Published 22 Sep, 2016 12:00am
Modi needs to get realistic about Kashmir

Modi needs to get realistic about Kashmir

One of the first things India's Prime Minister Narendra Modi - who built his political career as Muslim hater and Pakistan basher - did after coming to office was to initiate a move to scrap Article 370 of his country's constitution which assigns special
Published 22 Sep, 2016 12:00am
Who's sky is it anyway? US drone case tests rights to air space

Who's sky is it anyway? US drone case tests rights to air space

When a small town American roofer took legal action against a neighbour for shooting down his drone, the local dispute sparked a case that could help shape the newest frontier of property rights law - who owns the air.
Published 22 Sep, 2016 12:00am
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