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Dec 23, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-09-28
Global competitiveness: Pakistan ranks last in South Asia

Global competitiveness: Pakistan ranks last in South Asia

The World Economic Forum (WEF) has ranked Pakistan at 122, last amongst its South Asian neighbours, where India leads at 39 followed by Sri Lanka 71, Bhutan 97, Nepal 98 and Bangladesh at 106 at the Global Competitiveness Index (GCI). The Global Competiti
Published 28 Sep, 2016 12:00am
Global competitiveness: Pakistan ranks last in South Asia

Global competitiveness: Pakistan ranks last in South Asia

The World Economic Forum (WEF) has ranked Pakistan at 122, last amongst its South Asian neighbours, where India leads at 39 followed by Sri Lanka 71, Bhutan 97, Nepal 98 and Bangladesh at 106 at the Global Competitiveness Index (GCI). The Global Competiti
Published 28 Sep, 2016 12:00am
Iranian ships arrive

Iranian ships arrive

Iranian Naval Ships LAVAN, KONARAK, FALAKHEN and KHANJAR arrived at Karachi on a three-day port visit. The visiting ships were received by officials of Pakistan Navy and Iranian diplomats. During the visit, the officers and men of Iranian Navy Ships will
Published 28 Sep, 2016 12:00am
Iranian ships arrive

Iranian ships arrive

Iranian Naval Ships LAVAN, KONARAK, FALAKHEN and KHANJAR arrived at Karachi on a three-day port visit. The visiting ships were received by officials of Pakistan Navy and Iranian diplomats. During the visit, the officers and men of Iranian Navy Ships will
Published 28 Sep, 2016 12:00am
Standard Chartered probed by US DoJ for Indonesia 'bribes'

Standard Chartered probed by US DoJ for Indonesia 'bribes'

Standard Chartered acknowledged Tuesday it was being investigated by the US Department of Justice over claims that an Indonesian subsidiary had paid bribes to secure contracts. The London-based, Asia-focused bank said in a statement that it had referred t
Published 28 Sep, 2016 12:00am
Tax notices: no raids on business centres, traders assured

Tax notices: no raids on business centres, traders assured

Special Assistant to the Prime Minister on Revenue, Haroon Akhtar Khan has assured the business community that there will be no raids by Pakistan Revenue Authority (PRA) or the Federal Board of Revenue (FBR) on business centers. A trade delegation compris
Published 28 Sep, 2016 12:00am
Tax notices: no raids on business centres, traders assured

Tax notices: no raids on business centres, traders assured

Special Assistant to the Prime Minister on Revenue, Haroon Akhtar Khan has assured the business community that there will be no raids by Pakistan Revenue Authority (PRA) or the Federal Board of Revenue (FBR) on business centers. A trade delegation compris
Published 28 Sep, 2016 12:00am
Tax notices: no raids on business centres, traders assured

Tax notices: no raids on business centres, traders assured

Special Assistant to the Prime Minister on Revenue, Haroon Akhtar Khan has assured the business community that there will be no raids by Pakistan Revenue Authority (PRA) or the Federal Board of Revenue (FBR) on business centers. A trade delegation compris
Published 28 Sep, 2016 12:00am
The Weather

The Weather

The weather report on Tuesday (September 27, 2016) and the forecast for Tuesday (September 27, 2016).

Published 28 Sep, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (September 27, 2016).

Published 28 Sep, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (September 27, 2016).

Published 28 Sep, 2016 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 28 Sep, 2016 12:00am
Offshore companies: 58 owners respond to FBR notices

Offshore companies: 58 owners respond to FBR notices

Around 58 owners of offshore companies, whose names appeared in the Panama Papers, have submitted their responses to the notices of the Federal Board of Revenue (FBR). Sources told Business Recorder here on Tuesday that the FBR had issued notices t
Published 28 Sep, 2016 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 28 Sep, 2016 12:00am
Offshore companies: 58 owners respond to FBR notices

Offshore companies: 58 owners respond to FBR notices

Around 58 owners of offshore companies, whose names appeared in the Panama Papers, have submitted their responses to the notices of the Federal Board of Revenue (FBR). Sources told Business Recorder here on Tuesday that the FBR had issued notices t
Published 28 Sep, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (September 27, 2016).

Published 28 Sep, 2016 12:00am
Offshore companies: 58 owners respond to FBR notices

Offshore companies: 58 owners respond to FBR notices

Around 58 owners of offshore companies, whose names appeared in the Panama Papers, have submitted their responses to the notices of the Federal Board of Revenue (FBR). Sources told Business Recorder here on Tuesday that the FBR had issued notices t
Published 28 Sep, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (September 27, 2016)

Published 28 Sep, 2016 12:00am
BRIndex30 sheds 70 points

BRIndex30 sheds 70 points

On Tuesday, BRIndex30 opened at 23,407.75 points. It touched an intraday high of 23,468.14 points and an intraday low of 23,307.05 points and closed at 23,337.75 points which was -70 points or -0.3 percent lower than previous close. Total volume was 268,2
Published 28 Sep, 2016 12:00am
BRIndex30 sheds 70 points

BRIndex30 sheds 70 points

On Tuesday, BRIndex30 opened at 23,407.75 points. It touched an intraday high of 23,468.14 points and an intraday low of 23,307.05 points and closed at 23,337.75 points which was -70 points or -0.3 percent lower than previous close. Total volume was 268,2
Published 28 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 Tuesday (September 27, 2016).

Published 28 Sep, 2016 12:00am
Stocks consolidate gains

Stocks consolidate gains

The benchmark KSE-100 index Tuesday witnessed some consolidation due to rollover week; however, it managed to close at the level of 40,294.38, up 73.62 points, analysts said. Buying was seen in second- and third-tier stocks mainly by local investors and i
Published 28 Sep, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (September 27, 2016).

Published 28 Sep, 2016 12:00am
Stocks consolidate gains

Stocks consolidate gains

The benchmark KSE-100 index Tuesday witnessed some consolidation due to rollover week; however, it managed to close at the level of 40,294.38, up 73.62 points, analysts said. Buying was seen in second- and third-tier stocks mainly by local investors and i
Published 28 Sep, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (September 27, 2016).

Published 28 Sep, 2016 12:00am
Stocks consolidate gains

Stocks consolidate gains

The benchmark KSE-100 index Tuesday witnessed some consolidation due to rollover week; however, it managed to close at the level of 40,294.38, up 73.62 points, analysts said. Buying was seen in second- and third-tier stocks mainly by local investors and i
Published 28 Sep, 2016 12:00am
WTO drastically cuts global trade forecast

WTO drastically cuts global trade forecast

The World Trade Organisation Tuesday lowered its global trade forecast, warning that anti-globalisation rhetoric and Brexit were pushing trade growth to its slowest pace since the financial crisis. The warning comes as talks on a landmark free trade deal
Published 28 Sep, 2016 12:00am
WTO drastically cuts global trade forecast

WTO drastically cuts global trade forecast

The World Trade Organisation Tuesday lowered its global trade forecast, warning that anti-globalisation rhetoric and Brexit were pushing trade growth to its slowest pace since the financial crisis. The warning comes as talks on a landmark free trade deal
Published 28 Sep, 2016 12:00am
THE RUPEE: mixed patterns
Currency

THE RUPEE: mixed patterns

The rupee moved both ways against the dollar on the money market on Tuesday in the process of trading, dealers said. The rupee gained eight paisas versus the dollar for buying and selling at Rs 104.75 and Rs 104.77 respectively, they said.
Published 28 Sep, 2016 12:00am
WTO drastically cuts global trade forecast

WTO drastically cuts global trade forecast

The World Trade Organisation Tuesday lowered its global trade forecast, warning that anti-globalisation rhetoric and Brexit were pushing trade growth to its slowest pace since the financial crisis. The warning comes as talks on a landmark free trade deal
Published 28 Sep, 2016 12:00am
THE RUPEE: mixed patterns
Currency

THE RUPEE: mixed patterns

The rupee moved both ways against the dollar on the money market on Tuesday in the process of trading, dealers said. The rupee gained eight paisas versus the dollar for buying and selling at Rs 104.75 and Rs 104.77 respectively, they said.
Published 28 Sep, 2016 12:00am
ADB revises growth estimate upward to 5.2 percent
Cotton

ADB revises growth estimate upward to 5.2 percent

Asian Development Bank (ADB) has revised GDP growth forecast for Pakistan upward to 5.2 percent against the initial forecast of 4.8 percent for fiscal year 2017 while GDP growth for India is forecast at 7.8 percent. The upgrade in Pakistan''''''''s growth
Published 28 Sep, 2016 12:00am
ADB revises growth estimate upward to 5.2 percent
Cotton

ADB revises growth estimate upward to 5.2 percent

Asian Development Bank (ADB) has revised GDP growth forecast for Pakistan upward to 5.2 percent against the initial forecast of 4.8 percent for fiscal year 2017 while GDP growth for India is forecast at 7.8 percent. The upgrade in Pakistan''''s growth is
Published 28 Sep, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (September 27, 2016).

Published 28 Sep, 2016 12:00am
ADB revises growth estimate upward to 5.2 percent
Cotton

ADB revises growth estimate upward to 5.2 percent

Asian Development Bank (ADB) has revised GDP growth forecast for Pakistan upward to 5.2 percent against the initial forecast of 4.8 percent for fiscal year 2017 while GDP growth for India is forecast at 7.8 percent. The upgrade in Pakistan''s growth is ba
Published 28 Sep, 2016 12:00am
ADB revises growth estimate upward to 5.2 percent
Cotton

ADB revises growth estimate upward to 5.2 percent

Asian Development Bank (ADB) has revised GDP growth forecast for Pakistan upward to 5.2 percent against the initial forecast of 4.8 percent for fiscal year 2017 while GDP growth for India is forecast at 7.8 percent. The upgrade in Pakistan's growth is bas
Published 28 Sep, 2016 12:00am
ADB revises growth estimate upward to 5.2 percent
Cotton

ADB revises growth estimate upward to 5.2 percent

Asian Development Bank (ADB) has revised GDP growth forecast for Pakistan upward to 5.2 percent against the initial forecast of 4.8 percent for fiscal year 2017 while GDP growth for India is forecast at 7.8 percent. The upgrade in Pakistan's growth is bas
Published 28 Sep, 2016 12:00am
15-20 percent water shortage likely in Rabi

15-20 percent water shortage likely in Rabi

Pakistan is expected to face 15-20 percent shortage of water in Rabi 2016, to commence from October 1, 2016, well informed sources told Business Recorder. Indus River System Authority (Irsa) has convened a meeting of its advisory council on Septemb
Published 28 Sep, 2016 12:00am
15-20 percent water shortage likely in Rabi

15-20 percent water shortage likely in Rabi

Pakistan is expected to face 15-20 percent shortage of water in Rabi 2016, to commence from October 1, 2016, well informed sources told Business Recorder. Indus River System Authority (Irsa) has convened a meeting of its advisory council on Septemb
Published 28 Sep, 2016 12:00am
15-20 percent water shortage likely in Rabi

15-20 percent water shortage likely in Rabi

Pakistan is expected to face 15-20 percent shortage of water in Rabi 2016, to commence from October 1, 2016, well informed sources told Business Recorder. Indus River System Authority (Irsa) has convened a meeting of its advisory council on Septemb
Published 28 Sep, 2016 12:00am
BOARD MEETINGS
Cotton

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 28 Sep, 2016 12:00am
HC Basit summoned again

HC Basit summoned again

Pakistan High Commissioner in New Delhi Abdul Basit was summoned by the Indian External Affairs Ministry on Tuesday for the second time in a week and presented alleged proof of cross border origins of the Uri attackers. "Foreign Secretary S Jaishankar cal
Published 28 Sep, 2016 12:00am
HC Basit summoned again

HC Basit summoned again

Pakistan High Commissioner in New Delhi Abdul Basit was summoned by the Indian External Affairs Ministry on Tuesday for the second time in a week and presented alleged proof of cross border origins of the Uri attackers. "Foreign Secretary S Jaishankar cal
Published 28 Sep, 2016 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 28 Sep, 2016 12:00am
World Bank expresses helplessness

World Bank expresses helplessness

On Tuesday, Business Recorder sent the following queries to the World Bank: can any party to the treaty (India or Pakistan) alter or scrap the Indus Water Treaty (IWT) signed between Pakistan and India in 1960 brokered by the World Bank unilaterall
Published 28 Sep, 2016 12:00am
World Bank expresses helplessness

World Bank expresses helplessness

On Tuesday, Business Recorder sent the following queries to the World Bank: can any party to the treaty (India or Pakistan) alter or scrap the Indus Water Treaty (IWT) signed between Pakistan and India in 1960 brokered by the World Bank unilaterall
Published 28 Sep, 2016 12:00am
World Bank expresses helplessness

World Bank expresses helplessness

On Tuesday, Business Recorder sent the following queries to the World Bank: can any party to the treaty (India or Pakistan) alter or scrap the Indus Water Treaty (IWT) signed between Pakistan and India in 1960 brokered by the World Bank unilaterall
Published 28 Sep, 2016 12:00am
World Bank expresses helplessness

World Bank expresses helplessness

On Tuesday, Business Recorder sent the following queries to the World Bank: can any party to the treaty (India or Pakistan) alter or scrap the Indus Water Treaty (IWT) signed between Pakistan and India in 1960 brokered by the World Bank unilaterall
Published 28 Sep, 2016 12:00am
World Bank expresses helplessness

World Bank expresses helplessness

On Tuesday, Business Recorder sent the following queries to the World Bank: can any party to the treaty (India or Pakistan) alter or scrap the Indus Water Treaty (IWT) signed between Pakistan and India in 1960 brokered by the World Bank unilaterall
Published 28 Sep, 2016 12:00am
Pakistan warns of ''''water war''''

Pakistan warns of ''''water war''''

Advisor to Prime Minister on Foreign Affairs Sartaj Aziz informed the National Assembly on Tuesday that India cannot revoke the Indus Water Treaty unilaterally and if it does so "the revocation can be taken as an act of war." Responding to a calling atten
Published 28 Sep, 2016 12:00am
Pakistan warns of ''water war''

Pakistan warns of ''water war''

Advisor to Prime Minister on Foreign Affairs Sartaj Aziz informed the National Assembly on Tuesday that India cannot revoke the Indus Water Treaty unilaterally and if it does so "the revocation can be taken as an act of war." Responding to a calling atten
Published 28 Sep, 2016 12:00am
Pakistan warns of 'water war'

Pakistan warns of 'water war'

Advisor to Prime Minister on Foreign Affairs Sartaj Aziz informed the National Assembly on Tuesday that India cannot revoke the Indus Water Treaty unilaterally and if it does so "the revocation can be taken as an act of war." Responding to a calling atten
Published 28 Sep, 2016 12:00am
Pakistan warns of 'water war'

Pakistan warns of 'water war'

Advisor to Prime Minister on Foreign Affairs Sartaj Aziz informed the National Assembly on Tuesday that India cannot revoke the Indus Water Treaty unilaterally and if it does so "the revocation can be taken as an act of war." Responding to a calling atten
Published 28 Sep, 2016 12:00am
FO terms decision 'unfortunate'

FO terms decision 'unfortunate'

Pakistan on Tuesday termed Indian refusal to attend the upcoming Saarc Summit in Islamabad as 'unfortunate' and also hit back at the Indian accusation of 'cross-border terrorism'. The Indian decision not to attend the 19th Saarc Summit to be hosted by Pak
Published 28 Sep, 2016 12:00am
FO terms decision 'unfortunate'

FO terms decision 'unfortunate'

Pakistan on Tuesday termed Indian refusal to attend the upcoming Saarc Summit in Islamabad as 'unfortunate' and also hit back at the Indian accusation of 'cross-border terrorism'. The Indian decision not to attend the 19th Saarc Summit to be hosted by Pak
Published 28 Sep, 2016 12:00am
Belligerent India pulls out of Saarc summit

Belligerent India pulls out of Saarc summit

India on Tuesday pulled out of a key regional summit in Islamabad citing an increase in cross-border attacks, as tension between the nuclear-armed neighbours escalates. India said it has conveyed its decision not to take part in the South Asian Associatio
Published 28 Sep, 2016 12:00am
Belligerent India pulls out of Saarc summit

Belligerent India pulls out of Saarc summit

India on Tuesday pulled out of a key regional summit in Islamabad citing an increase in cross-border attacks, as tension between the nuclear-armed neighbours escalates. India said it has conveyed its decision not to take part in the South Asian Associatio
Published 28 Sep, 2016 12:00am
World Bank reappoints President Jim Yong Kim

World Bank reappoints President Jim Yong Kim

The board of the World Bank has unanimously agreed to name Jim Yong Kim to a second term as president, the global lender announced Tuesday. Kim had been the only candidate in a process criticised by World Bank staff and campaigners as lacking in transpare
Published 28 Sep, 2016 12:00am
World Bank reappoints President Jim Yong Kim

World Bank reappoints President Jim Yong Kim

The board of the World Bank has unanimously agreed to name Jim Yong Kim to a second term as president, the global lender announced Tuesday. Kim had been the only candidate in a process criticised by World Bank staff and campaigners as lacking in transpare
Published 28 Sep, 2016 12:00am
World Bank reappoints President Jim Yong Kim

World Bank reappoints President Jim Yong Kim

The board of the World Bank has unanimously agreed to name Jim Yong Kim to a second term as president, the global lender announced Tuesday. Kim had been the only candidate in a process criticised by World Bank staff and campaigners as lacking in transpare
Published 28 Sep, 2016 12:00am
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