News Archives for Print - 2016-10-19 - Business Recorder

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اردو

Mar 25, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Print - 2016-10-19

Foreign content: Only three channels seem to have crossed limits: Pemra chief

Foreign content: Only three channels seem to have crossed limits: Pemra chief

Following the launching of a crackdown on the local electronic channels, FM radios, cable operators and those selling Indian DTH, Pakistan Electronic Media Regulatory Authority (Pemra) wants that only those channels having landing rights should be allowed

Published 19 Oct, 2016 12:00am

Cross Transactions between Client to Client & Financial Institutions

Cross Transactions between Client to Client & Financial Institutions

The following were the cross transactions between client to client & financial institutions here on Tuesday (October 18, 2016).

Published 19 Oct, 2016 12:00am

Real estate sector: No amnesty scheme under study: FBR

Currency

Real estate sector: No amnesty scheme under study: FBR

Federal Board of Revenue (FBR) Chairman Nisar Muhammad Khan has made it clear that there was no amnesty scheme under consideration for the real estate sector. "We must know about the source of difference amount between DC rates and the FBR notified rates"

Published 19 Oct, 2016 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (October 18, 2016).

Published 19 Oct, 2016 12:00am

Real estate sector: No amnesty scheme under study: FBR

Currency

Real estate sector: No amnesty scheme under study: FBR

Federal Board of Revenue (FBR) Chairman Nisar Muhammad Khan has made it clear that there was no amnesty scheme under consideration for the real estate sector. "We must know about the source of difference amount between DC rates and the FBR notified rates"

Published 19 Oct, 2016 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (October 18, 2016).

Published 19 Oct, 2016 12:00am

Afghanistan, Taliban hold secret talks in Qatar

Afghanistan, Taliban hold secret talks in Qatar

The Taliban and senior Afghan government officials have held two secret meetings since September in Qatar in a bid to restart long-stalled peace negotiations, sources said Tuesday. An official in the National Unity Government in Kabul told AFP that the tw

Published 19 Oct, 2016 12:00am

Revised Rates of Debt Securities

Revised Rates of Debt Securities

The following were the revised rates of debt securities on Tuesday (October 18, 2016).

Published 19 Oct, 2016 12:00am

Afghanistan, Taliban hold secret talks in Qatar

Afghanistan, Taliban hold secret talks in Qatar

The Taliban and senior Afghan government officials have held two secret meetings since September in Qatar in a bid to restart long-stalled peace negotiations, sources said Tuesday. An official in the National Unity Government in Kabul told AFP that the tw

Published 19 Oct, 2016 12:00am

THE RUPEE: mixed patterns

Currency

THE RUPEE: mixed patterns

Divergent trend was seen on the money market on Tuesday as the rupee played both sides versus the dollar in the process of trading, dealers said. The rupee inched up by two paisas against the dollar for buying and selling at Rs 104.76 and Rs 104.77 respec

Published 19 Oct, 2016 12:00am

Privatisation: PAC asks government to remove PSMC from active list

Privatisation: PAC asks government to remove PSMC from active list

The Public Accounts Committee (PAC) has recommended the government to remove Pakistan Steel Mills Corporation (PSMC) from active list of privatisation with its liability reaching to whooping Rs 170 billion in 2016. Syed Khursheed Shah chaired the meeting

Published 19 Oct, 2016 12:00am

THE RUPEE: mixed patterns

Currency

THE RUPEE: mixed patterns

Divergent trend was seen on the money market on Tuesday as the rupee played both sides versus the dollar in the process of trading, dealers said. The rupee inched up by two paisas against the dollar for buying and selling at Rs 104.76 and Rs 104.77 respec

Published 19 Oct, 2016 12:00am

Privatisation: PAC asks government to remove PSMC from active list

Privatisation: PAC asks government to remove PSMC from active list

The Public Accounts Committee (PAC) has recommended the government to remove Pakistan Steel Mills Corporation (PSMC) from active list of privatisation with its liability reaching to whooping Rs 170 billion in 2016. Syed Khursheed Shah chaired the meeting

Published 19 Oct, 2016 12:00am

Kerb buying and selling rate of US dollar

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Tuesday (October 18, 2016).

Published 19 Oct, 2016 12:00am

Privatisation: PAC asks government to remove PSMC from active list

Privatisation: PAC asks government to remove PSMC from active list

The Public Accounts Committee (PAC) has recommended the government to remove Pakistan Steel Mills Corporation (PSMC) from active list of privatisation with its liability reaching to whooping Rs 170 billion in 2016. Syed Khursheed Shah chaired the meeting

Published 19 Oct, 2016 12:00am

Dollar's rate in interbank market

Dollar's rate in interbank market

Interbank closing rates for dollar on Tuesday (October 18, 2016).

Published 19 Oct, 2016 12:00am

Privatisation: PAC asks government to remove PSMC from active list

Privatisation: PAC asks government to remove PSMC from active list

The Public Accounts Committee (PAC) has recommended the government to remove Pakistan Steel Mills Corporation (PSMC) from active list of privatisation with its liability reaching to whooping Rs 170 billion in 2016. Syed Khursheed Shah chaired the meeting

Published 19 Oct, 2016 12:00am

Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (October 18, 2016).

Published 19 Oct, 2016 12:00am

Plea for disqualification: ECP issues notice to Imran

Plea for disqualification: ECP issues notice to Imran

The Election Commission of Pakistan (ECP) on Tuesday issued notice to Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan in response to a plea seeking Khan's disqualification over filing false certificates before the Commission during 2010 to 2014. The petit

Published 19 Oct, 2016 12:00am

Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (October 18, 2016).

Published 19 Oct, 2016 12:00am

Plea for disqualification: ECP issues notice to Imran

Plea for disqualification: ECP issues notice to Imran

The Election Commission of Pakistan (ECP) on Tuesday issued notice to Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan in response to a plea seeking Khan's disqualification over filing false certificates before the Commission during 2010 to 2014. The petit

Published 19 Oct, 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 (October 18, 2016).

Published 19 Oct, 2016 12:00am

Housing finance rises by Rs 4.9 billion in 1HCY16

Housing finance rises by Rs 4.9 billion in 1HCY16

Housing finance is gradually growing and the gross outstanding of all banks and DFIs surged to Rs 65.70 billion as of June 30, 2016. According to State Bank of Pakistan (SBP) at present, 24 (Islamic and conventional) banks, House Building Finance Company

Published 19 Oct, 2016 12:00am

Lahore Paper Market Rates

Lahore Paper Market Rates

Paper market rates in rupees on Tuesday (October 18, 2016).

Published 19 Oct, 2016 12:00am

Housing finance rises by Rs 4.9 billion in 1HCY16

Housing finance rises by Rs 4.9 billion in 1HCY16

Housing finance is gradually growing and the gross outstanding of all banks and DFIs surged to Rs 65.70 billion as of June 30, 2016. According to State Bank of Pakistan (SBP) at present, 24 (Islamic and conventional) banks, House Building Finance Company

Published 19 Oct, 2016 12:00am

Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (October 18, 2016)

Published 19 Oct, 2016 12:00am

Housing finance rises by Rs 4.9 billion in 1HCY16

Housing finance rises by Rs 4.9 billion in 1HCY16

Housing finance is gradually growing and the gross outstanding of all banks and DFIs surged to Rs 65.70 billion as of June 30, 2016. According to State Bank of Pakistan (SBP) at present, 24 (Islamic and conventional) banks, House Building Finance Company

Published 19 Oct, 2016 12:00am

Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (October 18, 2016).

Published 19 Oct, 2016 12:00am

Neelum-Jhelum surcharge: government to collect Rs 57 billion from power consumers

Neelum-Jhelum surcharge: government to collect Rs 57 billion from power consumers

The federal government would collect Rs 57 billion from the electricity consumers through the levy of a Neelum-Jhelum surcharge at the end of this year while the cost of Neelum-Jhelum Hydro Power Project has increased from Rs 274.9 to Rs 404.32 billion. T

Published 19 Oct, 2016 12:00am

LME official prices

LME official prices

The following were Monday official prices.

Published 19 Oct, 2016 12:00am

Neelum-Jhelum surcharge: government to collect Rs 57 billion from power consumers

Neelum-Jhelum surcharge: government to collect Rs 57 billion from power consumers

The federal government would collect Rs 57 billion from the electricity consumers through the levy of a Neelum-Jhelum surcharge at the end of this year while the cost of Neelum-Jhelum Hydro Power Project has increased from Rs 274.9 to Rs 404.32 billion. T

Published 19 Oct, 2016 12:00am

LME official prices

LME official prices

The following were Monday official prices.

Published 19 Oct, 2016 12:00am

Neelum-Jhelum surcharge: government to collect Rs 57 billion from power consumers

Neelum-Jhelum surcharge: government to collect Rs 57 billion from power consumers

The federal government would collect Rs 57 billion from the electricity consumers through the levy of a Neelum-Jhelum surcharge at the end of this year while the cost of Neelum-Jhelum Hydro Power Project has increased from Rs 274.9 to Rs 404.32 billion. T

Published 19 Oct, 2016 12:00am

Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (October 18, 2016).

Published 19 Oct, 2016 12:00am

Iraqi forces make gains in push to retake IS-held Mosul

Iraqi forces make gains in push to retake IS-held Mosul

Iraqi forces were making gains as tens of thousands of fighters advanced on Mosul Tuesday in an unprecedented offensive to retake the city from the Islamic State group. With the crucial battle in its second day, Iraqi commanders said progress was being ma

Published 19 Oct, 2016 12:00am

Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (October 18, 2016).

Published 19 Oct, 2016 12:00am

Khalid Mehmood nominated SRB Chairman

Khalid Mehmood nominated SRB Chairman

Sindh Government has nominated Khalid Mehmood as Chairman Sindh Revenue Board (SRB) with immediate effect. The Services, General Administration and Co-ordination Department of Sindh government notified on October 17 that: " In pursuance of section 3(3) of

Published 19 Oct, 2016 12:00am

The Weather

The Weather

The weather report on Tuesday (October 18, 2016) and the forecast for Wednesday (October 19, 2016).

Published 19 Oct, 2016 12:00am

Khalid Mehmood nominated SRB Chairman

Khalid Mehmood nominated SRB Chairman

Sindh Government has nominated Khalid Mehmood as Chairman Sindh Revenue Board (SRB) with immediate effect. The Services, General Administration and Co-ordination Department of Sindh government notified on October 17 that: " In pursuance of section 3(3) of

Published 19 Oct, 2016 12:00am

Khalid Mehmood nominated SRB Chairman

Khalid Mehmood nominated SRB Chairman

Sindh Government has nominated Khalid Mehmood as Chairman Sindh Revenue Board (SRB) with immediate effect. The Services, General Administration and Co-ordination Department of Sindh government notified on October 17 that: " In pursuance of section 3(3) of

Published 19 Oct, 2016 12:00am

New tax return form notified

New tax return form notified

The Federal Board of Revenue (FBR) has notified new income tax return form for companies (Tax Year 2016). In this regard, the FBR has issued SRO 972(I)/2016 here on Tuesday to amend the Income Tax Rules 2002. Previously, draft of the return form was issue

Published 19 Oct, 2016 12:00am

New tax return form notified

New tax return form notified

The Federal Board of Revenue (FBR) has notified new income tax return form for companies (Tax Year 2016). In this regard, the FBR has issued SRO 972(I)/2016 here on Tuesday to amend the Income Tax Rules 2002. Previously, draft of the return form was issue

Published 19 Oct, 2016 12:00am

New tax return form notified

New tax return form notified

The Federal Board of Revenue (FBR) has notified new income tax return form for companies (Tax Year 2016). In this regard, the FBR has issued SRO 972(I)/2016 here on Tuesday to amend the Income Tax Rules 2002. Previously, draft of the return form was issue

Published 19 Oct, 2016 12:00am

Probing investments: Property's fair value to be the value notified by FBR

Probing investments: Property's fair value to be the value notified by FBR

The fair market value of immovable property shall be the value notified by the Federal Board of Revenue (FBR) for the purpose of investigating cases of unexplained assets or investments within the real estate sector under section 111 of the Income Tax Ord

Published 19 Oct, 2016 12:00am

Probing investments: Property's fair value to be the value notified by FBR

Probing investments: Property's fair value to be the value notified by FBR

The fair market value of immovable property shall be the value notified by the Federal Board of Revenue (FBR) for the purpose of investigating cases of unexplained assets or investments within the real estate sector under section 111 of the Income Tax Ord

Published 19 Oct, 2016 12:00am

Probing investments: Property''s fair value to be the value notified by FBR

Probing investments: Property''s fair value to be the value notified by FBR

The fair market value of immovable property shall be the value notified by the Federal Board of Revenue (FBR) for the purpose of investigating cases of unexplained assets or investments within the real estate sector under section 111 of the Income Tax Ord

Published 19 Oct, 2016 12:00am

Sindh government forms body to reinvestigate Karsaz attack

Sindh government forms body to reinvestigate Karsaz attack

The Sindh government has constituted a special team to reinvestigate Karsaz attack on former prime minister Benazir Bhutto's October 18 homecoming rally that claimed some 180 lives of PPP workers. Sindh chief minister Syed Murad Ali Shah said this while t

Published 19 Oct, 2016 12:00am

Sindh government forms body to reinvestigate Karsaz attack

Sindh government forms body to reinvestigate Karsaz attack

The Sindh government has constituted a special team to reinvestigate Karsaz attack on former prime minister Benazir Bhutto's October 18 homecoming rally that claimed some 180 lives of PPP workers. Sindh chief minister Syed Murad Ali Shah said this while t

Published 19 Oct, 2016 12:00am

Global deal on greenhouse gases

Global deal on greenhouse gases

In Kigali, the capital of Rwanda, a landmark or a momentous decision in the history of mankind was reached on 15th October, 2016 when about 200 nations of the world agreed to a legally binding deal to cut back on greenhouse gases generally used in refrige

Published 19 Oct, 2016 12:00am

Fata: within or without KP

Fata: within or without KP

JUI-F chief Maulana Fazlur Rahman continues to oppose the government-appointed Fata Reforms Committee's proposal to merge the Federally Administered Tribal Areas (Fata) in Khyber Pakhtunkhwa so as to bring them into the national mainstream. Addressing

Published 19 Oct, 2016 12:00am

The plight of Ravi

The plight of Ravi

With fewer than 1,000 cubic meters of water available per person, Pakistan is one of the most water-stressed countries in the world. Pakistan's annual per capita water availability is less than 1,000 cubic meters per person - down from 5,650 cubic meters

Published 19 Oct, 2016 12:00am

Wathra, the new Star

Wathra, the new Star

The Governor has one-upped the Accountant. The Accountant is the Finance Minister of the year only for South Asia; the Governor bagged the best in the world award. The Governor also has the distinction of being recognised by the mother publication of Emer

Published 19 Oct, 2016 12:00am

Once jobless and uncounted, eager workers could slow Fed rate hike

Once jobless and uncounted, eager workers could slow Fed rate hike

The crammed-to-capacity parking lot at a job training center in this St. Louis suburb is exhibit A for why the US Federal Reserve remains at odds over the health of the US labor market and how quickly interest rates should rise. Among those in the buildin

Published 19 Oct, 2016 12:00am

The final IMF review - I

The final IMF review - I

The mission leader of the 6.64 billion dollar Extended Fund Facility (EFF) Harald Finger while briefing the media via a video link after uploading the twelfth and final review on the International Monetary Fund's (IMF) website acknowledged that exports ar

Published 19 Oct, 2016 12:00am

Oil ends up ahead of preliminary US inventory report

Oil ends up ahead of preliminary US inventory report

Oil settled higher on Tuesday as expectations of Opec output curbs lifted prices despite forecasts that data would show a second straight weekly build in US crude stockpiles. US crude inventories likely rose by 2.4 million barrels in the week to October 1

Published 19 Oct, 2016 12:00am

Steady dollar halts four-day cotton rally

Cotton

Steady dollar halts four-day cotton rally

Cotton futures snapped a four-day rally to settle slightly lower on Tuesday, after marking an over-three week high earlier in the day, weighed down by a steady dollar amid indications of good harvest weather in the cotton belt areas of India and Texas. Th

Published 19 Oct, 2016 12:00am

US MIDDAY: gold moves up

Currency

US MIDDAY: gold moves up

Gold prices rose early on Tuesday, supported by weakness in the US dollar index, though receding worries about the outcome of the US election and expectations of a US rate increase in December could mean lower levels. Spot gold was up 0.6 percent at $1,26

Published 19 Oct, 2016 12:00am

US MIDDAY: soyabeans set three-week high

US MIDDAY: soyabeans set three-week high

US soyabean futures rose on Tuesday for a fourth straight session, setting a 3-1/2-week top on demand from exporters and crushers, along with technical buying, analysts said. Corn futures were higher while wheat was lower. At the Chicago Board of Trade as

Published 19 Oct, 2016 12:00am

Gold up in Europe

Currency

Gold up in Europe

Gold prices up on Tuesday as the dollar rose but receding worries about the outcome of the US election and expectations of US rate rises in December could mean lower levels. Spot gold was up 0.1 percent at $1,257.74 an ounce at 1344 GMT. US gold futures r

Published 19 Oct, 2016 12:00am

Gold rises in Asia

Gold rises in Asia

Gold prices rose for a second day on Tuesday, supported by a weaker US dollar amid uncertainty over when the US Federal Reserve will raise interest rates. Spot gold was up 0.5 percent at $1,261.25 an ounce at 0711 GMT. US gold futures had risen 0.5 percen

Published 19 Oct, 2016 12:00am

Gold surges in New York

Gold surges in New York

The price of gold rose on Monday, partly lifted by steady flows into exchange-traded funds (ETFs) and a dip in the dollar after touching seven-month highs. Spot gold was up 0.4 percent at $1,255.60 an ounce by 2:30 pm EDT (1830 GMT), having fallen nearly

Published 19 Oct, 2016 12:00am

Robusta coffee extends gains to two-year peak, arabica follows

Robusta coffee extends gains to two-year peak, arabica follows

Robusta coffee futures on ICE climbed to a two-year high on Tuesday, rising for the seventh out of the past eight sessions on supply concerns in the world's top growers, helping to lift arabica prices to a four-week top. Sugar and London cocoa prices fell

Published 19 Oct, 2016 12:00am

Palm oil sees biggest drop in three weeks

Palm oil sees biggest drop in three weeks

Malaysian palm oil rose to its highest levels in two and a half years on Tuesday before dropping sharply in a market correction in the evening and on concerns about weak export demand. In its previous session, palm posted its strongest daily gain two mont

Published 19 Oct, 2016 12:00am

Rotterdam vegetable oil prices

Rotterdam vegetable oil prices

The following were Tuesday's Rotterdam vegetable oil prices at 1600 GMT:

Published 19 Oct, 2016 12:00am

Rotterdam vegetable oil prices

Rotterdam vegetable oil prices

The following were Tuesday's Rotterdam vegetable oil prices at 1600 GMT:

Published 19 Oct, 2016 12:00am

Rubber slips

Rubber slips

Benchmark Tokyo rubber futures ended down on Tuesday, slipping from a five-month high hit in the previous session, on profit-taking and weaker Shanghai futures, dealers said. The Tokyo Commodity Exchange (TOCOM) rubber contract for March delivery finished

Published 19 Oct, 2016 12:00am

Libya resumes output at key Waha oilfield

Libya resumes output at key Waha oilfield

Libya resumed production at the key Waha oilfield last week bringing overall production to 580,000 barrels per day, a senior Libyan oil official said on Tuesday. The Opec member's production has been crippled for several years by an on-and-off blockade of

Published 19 Oct, 2016 12:00am

Zinc, other metals boosted by Chinese loan data

Zinc, other metals boosted by Chinese loan data

Zinc and other metals prices rose on Tuesday, boosted by strong credit data in top metals consumer China and a weaker dollar, while tin gained on falling output in key producer Myanmar. Data showed that Chinese banks extended 1.22 trillion yuan ($181 bill

Published 19 Oct, 2016 12:00am

Shanghai copper up

Shanghai copper up

Shanghai Futures Exchange copper edged up 0.4 percent to 37,400 yuan ($5,608) a tonne on Tuesday and ShFE zinc rallied as much as 1.5 percent after finding support from data that showed a drop in mine supply. "Copper is being driven more by the global mac

Published 19 Oct, 2016 12:00am

Corrigendum

Corrigendum

Apropos 'Brief recordings' published on July 26, 2016 in this newspaper on Pakistan Cables Limited, "It is the only cable manufacturer in Pakistan to have its cables type tested by the world renowned KEMA Laboratory in Netherlands" was based on official d

Published 19 Oct, 2016 12:00am

Corrigendum

Corrigendum

Apropos 'Brief recordings' published on July 26, 2016 in this newspaper on Pakistan Cables Limited, "It is the only cable manufacturer in Pakistan to have its cables type tested by the world renowned KEMA Laboratory in Netherlands" was based on official d

Published 19 Oct, 2016 12:00am

Business-friendly climate: KATI president underscores need for law reform

Business-friendly climate: KATI president underscores need for law reform

President of Korangi Association of Trade and Industry (KATI) Masood Naqi has urged the government to reform the laws regarding 'doing business' to improve business climate. "According to international business climate rankings, Pakistan's position has be

Published 19 Oct, 2016 12:00am

Sindh Mental Health Authority formed

Sindh Mental Health Authority formed

Sindh government on Tuesday has formed a Sindh Mental Health Authority (SMHA) as ah advisory body on all matters relating to promotion of mental health and prevention of mental disorder. The SMHA, established under section 3 (1) of the Sindh Mental Health

Published 19 Oct, 2016 12:00am

Boy killed in blast laid to rest

Boy killed in blast laid to rest

A teenage boy identified as Faraz Hussain who was killed in a cracker blast outside an Imambargah in Federal Capital Area (FCA) on Monday night, was laid to rest in Wadi-e-Hussain graveyard on Tuesday. His funeral prayers were offered at Masjid-o-Imambarg

Published 19 Oct, 2016 12:00am

18-member delegation visits SAU

18-member delegation visits SAU

The 18-member delegation consisting of representatives from various occupational groups and services visited Sindh Agriculture University, Tandojam, for inland study tour. The delegation led by Adnan Rafique, who is a senior faculty member at National Man

Published 19 Oct, 2016 12:00am

November 2 protest: PTI receives record donations of Rs 40 million within two days

November 2 protest: PTI receives record donations of Rs 40 million within two days

As Pakistan Tehreek-e-Insaf is all set to shut down the federal capital on November 2 in protest against the government, his party has received a record donations of Rs 40m from all over the world within a short span of two days.

Published 19 Oct, 2016 12:00am

Dengue challenge: official expresses satisfaction over situation in Lahore

Dengue challenge: official expresses satisfaction over situation in Lahore

The overall situation of dengue spread in Lahore is under control due to better surveillance in all nine towns of Lahore district except the DHA, Lahore where 100 suspected patients of dengue fever have been identified and out of which 42 patients are con

Published 19 Oct, 2016 12:00am

PAF pilot martyred in aircraft crash

PAF pilot martyred in aircraft crash

A pilot of the Pakistan Air Force (PAF) was martyred on Tuesday as his Mirage jet crashed near Karachi's Musharraf Colony. The martyred pilot was identified as Wing Commander Fayyaz. According to Squadron leader Baqir Ali, PAF Mirage jet bearing tale numb

Published 19 Oct, 2016 12:00am

SSUET observes 199th birth anniversary of Sir Syed

SSUET observes 199th birth anniversary of Sir Syed

The rich tributes were paid to the great visionary and reformer of subcontinent Sir Syed Ahmed Khan at his 199th birth anniversary, observed under the aegis of Aligarh Muslim University Old Boys' Association (AMUOBA) and Sir Syed University of Engineering

Published 19 Oct, 2016 12:00am

Access Group launches 'DigitalPass'

Access Group launches 'DigitalPass'

Access Group - Pakistan's largest third-party transaction processing network has announced the launch of DigitalPass, a complete ecosystem catering to the next generation of digital services. Serving the financial, corporate & retail sectors, DigitalPass

Published 19 Oct, 2016 12:00am

Curbing tax evasion: Senate body briefed on deal signed by Dar on mutual assistance

Curbing tax evasion: Senate body briefed on deal signed by Dar on mutual assistance

The Senate Standing Committee on Finance was informed about the agreement the Finance Minister has recently signed on Multilateral Convention on Mutual Administrative Assistance in Tax Matters which would be presented to the next cabinet meeting for ratif

Published 19 Oct, 2016 12:00am

Pak-Italy bilateral consultations held

Pak-Italy bilateral consultations held

Pakistan-Italy political bilateral consultations were held in Islamabad on Tuesday. Foreign Secretary Aizaz Ahmad Chaudhry led the Pakistan delegation while the Italian side was led by Ambassador Elisabetta Belloni, Secretary General of the Ministry of Fo

Published 19 Oct, 2016 12:00am

Telenor emerges as highest taxpaying telecom company

Telenor emerges as highest taxpaying telecom company

Pakistan's foremost telecom and digital services provider, Telenor Pakistan, has emerged as one of the highest taxpaying private sector telecom companies in the country, as per the latest FBR tax directory stats.

Published 19 Oct, 2016 12:00am

Application filed in Supreme Court against gas loadshedding

Application filed in Supreme Court against gas loadshedding

An application was filed in the Supreme Court on Tuesday, seeking court directives to the federal government for cancellation of announced gas loadshedding for consumers in Punjab during the upcoming winter season. Filing the application, Senator Babar Aw

Published 19 Oct, 2016 12:00am

JUI-F not against KP-FATA merger: Fazl

JUI-F not against KP-FATA merger: Fazl

Jamiat Ulema-e-Islam Fazl (JUI-F) Chief Maulana Fazlur Rehman on Tuesday said that his party is not against merger of FATA into Khyber Pakhtunkhwa. Talking to a delegation of his party leaders and workers in Peshawar, he said JUI-F will accept every decis

Published 19 Oct, 2016 12:00am

Allegations against NA Speaker: Parliamentary panel decides to summon owners, anchorpersons, others

Allegations against NA Speaker: Parliamentary panel decides to summon owners, anchorpersons, others

A parliamentary panel taking serious notice of airing of "baseless allegations" against Speaker National Assembly and a Parliamentarian decided to summon TV license holders, anchorpersons and editorial staff of TV channels. Standing Committee on Informati

Published 19 Oct, 2016 12:00am

Body formed to probe issue of KPT land encroachment

Body formed to probe issue of KPT land encroachment

National Assembly Standing Committee on Ports and Shipping on Tuesday constituted a Sub-Committee to probe into issues of land encroachment of Karachi Port Trust (KPT) and employment of officials on discretionary quota. Meeting of the committee was held u

Published 19 Oct, 2016 12:00am

TTP Swat commander among 50 held

TTP Swat commander among 50 held

Karachi police arrested 50 suspects including Tehreek-e-Taliban Pakistan (TTP) Swat commander in Karachi in the wee hours of Tuesday, police officials said. According to SHO Manghopir Ghulam Hussain Koraye, police conducted a search operation in Manghopir

Published 19 Oct, 2016 12:00am

Zero hunger programme: hard work needed to achieve objectives: Bosan

Zero hunger programme: hard work needed to achieve objectives: Bosan

The government of Pakistan has seriously taken up zero hunger programme as well as Sustainable Development Goals, said Minister for National Food Security and Research, Sikandar Hayat Khan Bosan on Tuesday. "In order to achieve objectives of zero hunger p

Published 19 Oct, 2016 12:00am

Zardari pays homage to 'martyrs' of Karsaz tragedy

Zardari pays homage to 'martyrs' of Karsaz tragedy

Former President Asif Ali Zardari Tuesday paid homage to the 'martyrs' of Karsaz tragedy and vowed to continue war against religious fanaticism and bigotry. Asif Zardari, in a message on ninth anniversary of Karsaz tragedy, said the battle lines were draw

Published 19 Oct, 2016 12:00am

Sajjad Shaikh literary, cultural forum launched

Sajjad Shaikh literary, cultural forum launched

A forum in the memory of Professor Sajjad Ahmed Shaikh, a respected teacher, writer, critic and former vice principal of Gordon College, was launched the other day as the speakers stressed the need for involving young generation in literary and cultural a

Published 19 Oct, 2016 12:00am

FCCI chief demands uniform taxation system

FCCI chief demands uniform taxation system

Complete harmony between the government, bureaucracy and public is imperative to achieve the ultimate objectives of progress, prosperity and stability of Pakistan, said Engineer Muhammad Saeed Sheikh President Faisalabad Chamber of Commerce and Industry (

Published 19 Oct, 2016 12:00am

No scope for martial law: JI chief

No scope for martial law: JI chief

Chief of Jamaat-e-Islami, Pakistan, Senator Sirajul Haq, has said that no foreign agenda would work in Pakistan in the future nor there would be martial law. According to media cell of Jamaat-e-Islami-Lahore while addressing a press conference at Aza Khel

Published 19 Oct, 2016 12:00am

Metro bus trial service starts in Multan

Metro bus trial service starts in Multan

The metro bus service has been started on trial basis in Multan on Tuesday. The provincial government has decided to officially inaugurate metro bus service in the city from November after which it will be completely opened for the citizens. However, the

Published 19 Oct, 2016 12:00am

DHQ, THQ hospitals: recruitment of specialist doctors, medical officers begin

DHQ, THQ hospitals: recruitment of specialist doctors, medical officers begin

The process of recruitment of medical officers, women medical officers and specialist doctors has been started at DHQ and THQ hospitals through walk in interviews and online applications have been invited from candidates for this purpose, Secretary Primar

Published 19 Oct, 2016 12:00am

Rejoinder to FBR clarification

Currency

Rejoinder to FBR clarification

In their rejoinder Huzaima Bukhari and Dr Ikramul Haq have stated the following: This is with reference to Politics and 'business wars': clarification by FBR, published in Business Recorder of 18 October 2016.

Published 19 Oct, 2016 12:00am

PCDMA chairman too criticises SBP decision

PCDMA chairman too criticises SBP decision

Chairman of Pakistan Chemicals and Dyes Merchant Association (PCDMA) Nasiruddin Fateh Kukda has urged the federal government to reconsider shifting of five keys departments of the State Bank of Pakistan (SBP) from Karachi to Lahore.

Published 19 Oct, 2016 12:00am

AGPL starts restructuring inherited loans

AGPL starts restructuring inherited loans

In an effort to further consolidate and fortify its financial position, committed leadership of Admore Gas Private Limited (AGPL) has begun the process of restructuring inherited loans. The AGPL spokesman said that the previous management had defaulted on

Published 19 Oct, 2016 12:00am

Russia halts Aleppo strikes ahead of brief truce

Russia halts Aleppo strikes ahead of brief truce

Moscow announced Tuesday that Russian and Syrian air forces have stopped bombing Aleppo ahead of a brief truce, a move the Kremlin said showed "goodwill" as it faces mounting criticism for backing a brutal regime offensive. It comes a day after Russia sai

Published 19 Oct, 2016 12:00am

Flying Cement Company Limited

Flying Cement Company Limited

Flying Cement Company (FLCCL) formerly known as Zaman Cement Company Limited was incorporated as a Public Limited Company in 1992 under the Companies Ordinance 1984. The company is listed on the PSX. The factory is located in Mangowal, District Khushab, i

Published 19 Oct, 2016 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 25	280.52
USD PKR Interbank Buying / Mar 25	280.27
USD to Japanese Yen / Mar 25	150.54
USD to Swiss Franc / Mar 25	0.88
Pound Sterling to USD / Mar 25	1.29
Euro to USD / Mar 25	1.08
UK LIBOR % / Mar 24	4.96

Stock	Volume
S&P 500 / Mar 24	5,767.57
Nasdaq / Mar 24	18,188.59
Dow Jones / Mar 24	42,583.32
India Sensex / Mar 25	78,073.97
Tokyo Nikkei / Mar 25	37,780.54
Hang Seng / Mar 25	23,413.58
FTSE 100 / Mar 25	8,684.09
Germany DAX 30 / Mar 25	22,926.46
France CAC40 / Mar 25	8,073.56

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 24	17,085
Petrol/Litre / Mar 25	255.63
Crude Oil USD/Barrel / Mar 25	69.03
Gold 10 Grams PKR / Mar 25	272,462
Gold Spot USD/Ounce / Mar 25	3,017.31
Diesel/Litre / Mar 25	258.64
Cotton US¢/pound / Mar 25	65.64

Gainers
Losers
Leaders

Stock	Price
Mughal Iron & Steel Indus.(R) / Mar 25 Mughal Iron & Steel Industries Limited (R)(MUGHALR2)	2.01 ▲ 1 (99.01%)
Ruby Textile / Mar 25 Ruby Textile Mills Limited(RUBY)	7.01 ▲ 1 (16.64%)
Sec. Inv. Bank / Mar 25 Security Investment Bank Limited(SIBL)	8.99 ▲ 1 (12.52%)
Samba Bank / Mar 25 Samba Bank Limited(SBL)	9 ▲ 0.82 (10.02%)
Leiner Pak Gelat / Mar 25 Leiner Pak Gelatine Limited(LPGL)	100.73 ▲ 9.16 (10%)
Adamjee Life Assur. / Mar 25 Adamjee Life Assurance Company Limited(ALIFE)	25.73 ▲ 2.34 (10%)
United Dist. / Mar 25 United Distributors Pakistan Limited(UDPL)	67.29 ▲ 6.12 (10%)
Crescent Fib. / Mar 25 Crescent Fibres Limited(CFL)	45.70 ▲ 4.14 (9.96%)
Popular Islamic / Mar 25 Popular Islamic Modaraba(PIM)	13.19 ▲ 1.19 (9.92%)
Hussain Industries / Mar 25 Husein Industries Limited(HUSI)	27.30 ▲ 2.43 (9.77%)

Stock	Price
Parmount Sp. / Mar 25 Paramount Spinning Mills Limited(PASM)	3.51 ▼ -0.48 (-12.03%)
Shahtaj Sugar / Mar 25 Shahtaj Sugar Mills Limited(SHJS)	117 ▼ -13 (-10%)
Diamond Ind. / Mar 25 Diamond Industries Limited(DIIL)	27.68 ▼ -3.07 (-9.98%)
Zephyr Textile / Mar 25 Zephyr Textiles Limited(ZTL)	9.50 ▼ -1 (-9.52%)
TPL Life Insur. / Mar 25 TPL Life Insurance Limited(TPLL)	55.02 ▼ -5.74 (-9.45%)
Shahtaj Textile / Mar 25 Shahtaj Textile Limited(STJT)	65.05 ▼ -6.54 (-9.14%)
Sindh Abadgar / Mar 25 Sindh Abadgar's Sugar Mills Limited(SASML)	55 ▼ -5.43 (-8.99%)
Elahi Cot. / Mar 25 Elahi Cotton Mills Limited(ELCM)	138 ▼ -13.03 (-8.63%)
Tri-Star Power / Mar 25 Tri-Star Power Limited(TSPL)	7.24 ▼ -0.66 (-8.35%)
Shield Corp. / Mar 25 Shield Corporation Limited(SCL)	253.90 ▼ -22.98 (-8.3%)

Stock	Volume
Pak Elektron / Mar 25 Pak Elektron Limited(PAEL)	28,623,330 ▲ 0.63
TRG Pak Ltd / Mar 25 TRG Pakistan Limited(TRG)	22,742,574 ▼ -3.59
Cnergyico PK / Mar 25 Cnergyico PK Limited(CNERGY)	19,218,186 ▲ 0.01
Sui South Gas / Mar 25 Sui Southern Gas Company Limited(SSGC)	14,168,002 ▲ 0.18
WorldCall Telecom / Mar 25 Worldcall Telecom Limited(WTL)	11,877,825 ▼ -0.05
Pak Int.Bulk / Mar 25 Pakistan International Bulk Terminal(PIBTL)	11,187,536 ▲ 0.08
Pak Refinery / Mar 25 Pakistan Refinery Limited(PRL)	10,362,407 ▼ -0.12
B.O.Punjab / Mar 25 The Bank of Punjab(BOP)	10,164,053 ▼ -0.21
K-Electric Ltd. / Mar 25 K-Electric Limited(KEL)	10,144,462 ▲ 0
Treet Corp / Mar 25 Treet Corporation Limited(TREET)	8,893,519 ▼ -0.53

Markets →

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Pakistan’s Sapphire Textile to acquire minority stake in UK-based RTS Textiles

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Systems Limited announces 5-for-1 stock split

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Net metering regulations: REAP says concerned at changes

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