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Mar 22, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-10-29
PTEA concerned at containers' seizure

PTEA concerned at containers' seizure

Pakistan Textile Exporters Association (PTEA) has expressed grave concern over seizing of export containers en-route to and from Karachi Port by the police and other agencies in Punjab. This has put billions of rupees export orders on stake.
Published 29 Oct, 2016 12:00am
Government to release National Geographic-famed girl

Government to release National Geographic-famed girl

Pakistan has assured release of Sharbat Gula, the National Geographic famed Afghan girl who was recently arrested by authorities in Peshawar for alleged forgery of a Computerized National Identity Card (CNIC), said Dr Omar Zakhilwal, Afghan ambassador to
Published 29 Oct, 2016 12:00am
Merger of Fata into KP: FLF demands unanimous endorsement of bill

Merger of Fata into KP: FLF demands unanimous endorsement of bill

Fata Lawyers Forum (FLF) has demanded the unanimous endorsement of bill regarding merger of Federally Administered Tribal Areas into Khyber Pakhtunkhwa, and urged the parliamentarians to support the legislation to mainstream the tribal region. Addressin
Published 29 Oct, 2016 12:00am
Masood attends 'Peace & Human Rights' seminar in Norway

Masood attends 'Peace & Human Rights' seminar in Norway

President of Azad Jammu and Kashmir (AJK), Sardar Masood Khan, visited Norway to participate in a seminar titled " Peace and Human Rights" organized by Foundation Dialogue for Peace in the Norwegian Parliament. Hindu spiritual leader, Sri Sri Ravi Shankar
Published 29 Oct, 2016 12:00am
PTI protests against police crackdown on workers

PTI protests against police crackdown on workers

Pakistan Tehreek-e-Insaf (PTI) workers on Friday staged a protest demonstration near Governor's House in Karachi against the police crackdown on party workers in Islamabad on October 27. They chanted slogans against the PML-N led federal government and Is
Published 29 Oct, 2016 12:00am
National Day of Turkey: Shahbaz felicitates Erdogan, Davutoglu

National Day of Turkey: Shahbaz felicitates Erdogan, Davutoglu

Punjab Chief Minister Shahbaz Sharif has felicitated President Recep Tayyip Erdogan, Prime Minister Davutoglu and Turk people on National Day of Turkey. Punjab Chief Minister said that there are deep-rooted historical relations between Pakistan and Turkey
Published 29 Oct, 2016 12:00am
Fatima Fertilizer earns PAT of Rs 3.395 billion in Q1

Fatima Fertilizer earns PAT of Rs 3.395 billion in Q1

The profit after tax of Fatima Fertilizer Company has surged to Rs 3,395.250 million in the quarter ended September 30, 2016 as compared to Rs 611.747 million earned in the corresponding period in 2015. The board of directors of the company in its meeting
Published 29 Oct, 2016 12:00am
Fatima Fertilizer earns PAT of Rs 3.395 billion in Q1

Fatima Fertilizer earns PAT of Rs 3.395 billion in Q1

The profit after tax of Fatima Fertilizer Company has surged to Rs 3,395.250 million in the quarter ended September 30, 2016 as compared to Rs 611.747 million earned in the corresponding period in 2015. The board of directors of the company in its meeting
Published 29 Oct, 2016 12:00am
October 13 to 25: 1000 tons of red chillies traded at PMEX platform

October 13 to 25: 1000 tons of red chillies traded at PMEX platform

Due to subsidy payment by Sindh Enterprise Development Fund (SEDF), farmers were able to sell about 1000 tons of red chillies in only 10 days at Pakistan Mercantile Exchange (PMEX) trading platform, it is learnt. The trading of red chillies under this con
Published 29 Oct, 2016 12:00am
10 students of KU's Science Faculty awarded gold medals

10 students of KU's Science Faculty awarded gold medals

As many as 10 students of faulty of science, University of Karachi (KU) were awarded gold medals for top performance in their respective disciplines at a ceremony held at university's committee room on Friday. Addressing the ceremony, Vice Chancellor KU D
Published 29 Oct, 2016 12:00am
Diwali festival: no loadshedding in Hindu-majority areas of Sindh

Diwali festival: no loadshedding in Hindu-majority areas of Sindh

Patron-in-chief of Pakistan Hindu Council and member of National Assembly, Dr Ramesh Kumar Vankwani has announced on behalf of federal government that there would be no loadshedding in the Hindu-majority districts of Sindh, including Tharparkar, Thatta an
Published 29 Oct, 2016 12:00am
SAI chief calls for strengthening fire-fighting capacity

SAI chief calls for strengthening fire-fighting capacity

President of SITE Association of Industry (SAI), Asad Nisar Barkhurdaria has expressed his concerns about critical deficiencies and depleted condition of fire-fighting equipment in the industrial areas especially at SITE. Lauding the provision of modern f
Published 29 Oct, 2016 12:00am
35th meeting of MUET Senate held

35th meeting of MUET Senate held

The 35th meeting of the Senate of Mehran University of Engineering and Technology Jamshoro was held on Friday under the chair of the Vice Chancellor Professor Dr Muhammad Aslam Uqaili. The director Finance Munir Ahmed Shaikh while presenting Annual Budget
Published 29 Oct, 2016 12:00am
Naval chief visits Turkish ship TCG BUYUKADA

Naval chief visits Turkish ship TCG BUYUKADA

Chief of the Naval Staff, Admiral Muhammad Zakaullah visited Turkish Navy Ship TCG BUYUKADA at Karachi on Friday. During his visit onboard, the Naval Chief held detailed discussion on professional matters with Turkish Mission Commander and appreciated the
Published 29 Oct, 2016 12:00am
ASWJ allowed to hold conference in Capital despite 144

ASWJ allowed to hold conference in Capital despite 144

Despite tall claims of fully implementing National Action Plan (NAP), Islamabad Capital Territory (ICT) on Friday allowed Ahle Sunnat Wal Jamaat (ASWJ), to hold annual conference in capital despite imposition of section 144, while crackdown on workers of
Published 29 Oct, 2016 12:00am
Murad inaugurates International Dental Conference at LUMHS

Murad inaugurates International Dental Conference at LUMHS

The 4th International Dental Conference was inaugurated by Chief Minister Sindh, Syed Murad Ali Shah on Friday at Liaquat University of Medical & Health Sciences Jamshoro. The chief minister further mentioned that the issues raised by the conference this
Published 29 Oct, 2016 12:00am
Brentwood& Kansai conducts DIY craft, interior design workshop

Brentwood& Kansai conducts DIY craft, interior design workshop

Under the umbrella of Brentwood Brand Alliance initiative, Brentwood & Kansai successfully conducted a DIY craft and interior design workshop, on Friday, October 28, 2016. The workshop was held at the IBL Building Centre and more than 200 art & craft enth
Published 29 Oct, 2016 12:00am
Steps being taken to provide employment to skilled youth: minister

Steps being taken to provide employment to skilled youth: minister

Federal Minister for Science and Technology, Rana Tanveer Hussain on Friday said that government was taking measures to provide employment to skilled youth, saying that employment opportunities are a key to counter terrorism from the region. He was addres
Published 29 Oct, 2016 12:00am
SSGC holds EoGM, elects new directors

SSGC holds EoGM, elects new directors

The Extraordinary General Meeting (EoGM) of the shareholders of SSGC was held on October 28, 2016 at a local hotel to elect eleven members of the Board of Directors of the Company, for a period of three years commencing from the date of elections. The ele
Published 29 Oct, 2016 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 29 Oct, 2016 12:00am
Business community lauds Dar's role

Business community lauds Dar's role

The business community of Southern Punjab has said that Federal Finance Minister Ishaq Dar has successfully steered economy out of ICU and now it can survive without external support for a long time. President MCCI Khawaja Jalaluddin Roomi has said that F
Published 29 Oct, 2016 12:00am
KPEZDMC, SVTI sign MoU

KPEZDMC, SVTI sign MoU

Khyber Pakhtunkhwa Economic Zones Development and Management Company (KPEZDMC) and Shaheen Vocational Training Institute (SVTI) in collaboration with United Nations Development Programme (UNDP) Friday signed a Memorandum of Understanding (MoU) to impart t
Published 29 Oct, 2016 12:00am
Impact Investment in Pakistan Dialogue on UAE's diaspora engagement

Impact Investment in Pakistan Dialogue on UAE's diaspora engagement

JS Group and People Organization hosted an event in honor of John Groarke , Mission Director USAID Pakistan at the Capital Club, in Dubai International Financial Center in Dubai on Thursday. Groarke delivered a key note speech focusing on 'Diaspora Engage
Published 29 Oct, 2016 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 29 Oct, 2016 12:00am
BOARD MEETINGS
Cotton

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 29 Oct, 2016 12:00am
3,700 cops to leave for capital today

3,700 cops to leave for capital today

In the wake of rising political tension in the federal capital, the provincial government has decided to send additional policemen to Islamabad to avoid any untoward incident. Sources said more than 3,700 policemen will leave for Islamabad (today) to cont
Published 29 Oct, 2016 12:00am
JI supports growers' movement
Cotton

JI supports growers' movement

Jamaat-e-Islami Secretary General Liaquat Baloch has announced to fully support movement of the growers to get their issues resolved besides supporting all institutions and segments of the society for eliminating corruption and injustices. He was speaking
Published 29 Oct, 2016 12:00am
PIA flight stuck in Kuwait due to fog

PIA flight stuck in Kuwait due to fog

The flight of Pakistan International Airlines (PIA) on Friday stuck in Kuwait for hours, due to fog and very low visibility. According to details, the flight PK-206, which was scheduled to land at Allama Iqbal International Airport Lahore in the wee hours
Published 29 Oct, 2016 12:00am
DP World, LKMWT host free eye camp for truck drivers

DP World, LKMWT host free eye camp for truck drivers

DP World, Karachi in collaboration with LKMWT (Latif Kapadia Memorial Welfare Trust) had successfully hosted a "Free Eye Screening Camp" for "Truck Drivers" at Port Qasim. This camp was endeavored to create mass awareness amongst truckers about preventive
Published 29 Oct, 2016 12:00am
Resource centre, information kiosk for female lawyers set up

Resource centre, information kiosk for female lawyers set up

Blue Veins a non-for-profit organization implementing the project "Strengthening District Bar Associations and setting up Facilitation Kiosks in District Court" Peshawar in collaboration with District Bar Association under Gender Equity Programme (GEP) of
Published 29 Oct, 2016 12:00am
21 superintendents of Darul Amans undergo five-day training

21 superintendents of Darul Amans undergo five-day training

As many as 21 superintendents of different Darul Amans from Punjab completed their five days refresher training course on Friday arranged by the Social Welfare Training Institute, Lahore. Director General Social Welfare and Bait-ul-Mal Punjab Waheed Akhta
Published 29 Oct, 2016 12:00am
'World Psoriasis Day' marked

'World Psoriasis Day' marked

As world marks 'Psoriasis day,' 125 million people globally and around three percent Pakistanis of total population suffer from Psoriasis. Dr Manzoor Memon, Dermatologist stated that Psoriasis is a chronic, inflammatory skin disease clinically evident as
Published 29 Oct, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (October 28, 2016).

Published 29 Oct, 2016 12:00am
Onus on Pakistan, India to remove differences: US

Onus on Pakistan, India to remove differences: US

The United States say it is responsibility of Pakistan and India to resolve their differences after Pakistan and India declared a diplomat each at their High Commissions in Islamabad and New Delhi persona non-grata and sought their recall in tit-for-tat a
Published 29 Oct, 2016 12:00am
Launching ceremony of PMIC held at PM Office

Launching ceremony of PMIC held at PM Office

The launching ceremony for the Pakistan Microfinance Investment Company Limited (PMIC) was held at the Prime Minister Office. A specialized, for-profit wholesale investment finance company, the PMIC was established to fund the expansion of microfinance in
Published 29 Oct, 2016 12:00am
Recommendations: FBR to convene TRC meeting to review progress

Recommendations: FBR to convene TRC meeting to review progress

The Federal Board of Revenue (FBR) has decided to convene a meeting of the Tax Reform Commission (TRC) next month to review progress on implementation of TRC's recommendations. Sources told Business Recorder here on Friday that the next meeting of
Published 29 Oct, 2016 12:00am
Pakistan, Chinese entrepreneurs should take advantage of CPEC: Ahsan

Pakistan, Chinese entrepreneurs should take advantage of CPEC: Ahsan

Minister for Planning and Development Ahsan Iqbal says that Pakistani and Chinese entrepreneurs should enter into joint ventures and take advantage of the opportunity created by China Pakistan Economic Corridor (CPEC) to ensure sustainable development and
Published 29 Oct, 2016 12:00am
THE RUPEE: no major change
Currency

THE RUPEE: no major change

The rupee managed to hold overnight levels against the dollar on the money market on Friday in the process of trading, dealers said. The rupee was almost unchanged versus the dollar for buying and selling at Rs 104.83 and Rs 104.84 respectively, they said
Published 29 Oct, 2016 12:00am
PTI youth workers: IHC seeks report from ICT administration

PTI youth workers: IHC seeks report from ICT administration

Islamabad High Court Friday on Friday sought a detailed report form Islamabad Capital Territory (ICT) administration about Pakistan Tehreek-e-Insaf (PTI) workers who were arrested during a youth convention on October 27. The court also issued directives t
Published 29 Oct, 2016 12:00am
THE RUPEE: no major change
Currency

THE RUPEE: no major change

The rupee managed to hold overnight levels against the dollar on the money market on Friday in the process of trading, dealers said. The rupee was almost unchanged versus the dollar for buying and selling at Rs 104.83 and Rs 104.84 respectively, they said
Published 29 Oct, 2016 12:00am
Meezan Bank's PAT up to Rs 1.428 billion

Meezan Bank's PAT up to Rs 1.428 billion

The profit after tax of Meezan Bank has increased to Rs 1.428 billion in the quarter ended September 30, 2016 as compared to Rs 1.273 billion earned in the corresponding quarter in 2015. The board of directors of the bank, in its meeting declared that the
Published 29 Oct, 2016 12:00am
Meezan Bank's PAT up to Rs 1.428 billion

Meezan Bank's PAT up to Rs 1.428 billion

The profit after tax of Meezan Bank has increased to Rs 1.428 billion in the quarter ended September 30, 2016 as compared to Rs 1.273 billion earned in the corresponding quarter in 2015. The board of directors of the bank, in its meeting declared that the
Published 29 Oct, 2016 12:00am
Ministry finalises draft of National IT Policy 2016

Ministry finalises draft of National IT Policy 2016

Ministry of Information Technology and Telecommunication has finalised the draft of National IT Policy 2016, envisaging software and telecom enabled services exports at $6 billion by 2020, it was learnt on Friday. Some of the key features of the draft Nat
Published 29 Oct, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (October 28, 2016).

Published 29 Oct, 2016 12:00am
Pak-China QCCM group to meet in Beijing on November 8

Pak-China QCCM group to meet in Beijing on November 8

The second joint working group meeting of the Quadrilateral Cooperation and Coordination Mechanism in Counter Terrorism by Afghanistan-China-Pakistan-Tajikistan Armed Forces/ Militaries (QCCM) will be held in Beijing from November 8 to 10. During the meet
Published 29 Oct, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (October 28, 2016).

Published 29 Oct, 2016 12:00am
SECP revamps entire public offering process

SECP revamps entire public offering process

The Securities Exchange Commission of Pakistan (SECP) has approved a comprehensive regulatory framework under the Securities Act, 2015, for public offering of debt and equity securities. Its main objective is to promote ease of doing business and streamli
Published 29 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 Friday (October 28, 2016).

Published 29 Oct, 2016 12:00am
Air Chief visits Italian Air Force HQ

Air Chief visits Italian Air Force HQ

Air Chief Marshal Sohail Aman visited Italian Air Force Headquarters. On his arrival, he was received by Lieutenant General Enzo Vecciarelli, Chief of Italian Air Force. A smartly turned out contingent of Italian Air Force presented him the Guard of Honou
Published 29 Oct, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (October 28, 2016)

Published 29 Oct, 2016 12:00am
Labour colonies: South Korean, Bangladesh models to be followed: PIEDMC

Labour colonies: South Korean, Bangladesh models to be followed: PIEDMC

Punjab Industrial Estates Development and Management Company (PIEDMC) would follow the Bangladeshi and South Korean models for setting up of labour colonies on first floor of the factories to enable female workers to contribute to the national economy and
Published 29 Oct, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (October 28, 2016).

Published 29 Oct, 2016 12:00am
Italian team due in December to explore business opportunities

Italian team due in December to explore business opportunities

An Italian delegation comprising representatives of 80 companies from the textile, leather, footwear, infrastructure, Information Technology, renewable energy, agriculture, automotive sectors is visiting Pakistan on December 7. Deputy Trade Commissioner o
Published 29 Oct, 2016 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 29 Oct, 2016 12:00am
Treasury yields advance to five-month highs

Treasury yields advance to five-month highs

US Treasury debt yields climbed to roughly five-month peaks on Thursday, spurred by gains in German and British bonds as investors speculated that the Bank of England and the European Central Bank would both hold off on further easing measures.
Published 29 Oct, 2016 12:00am
China stocks edge lower as investors digest Q3 results

China stocks edge lower as investors digest Q3 results

China stocks dipped on Friday, as investors sifted through a slew of corporate earnings to assess China's economic health, with weakness in big-cap infrastructure stocks offsetting strength in financials. The bluechip CSI300 index fell 0.1 percent, to 3,3
Published 29 Oct, 2016 12:00am
Indian shares up, buoyed by Tata group stocks

Indian shares up, buoyed by Tata group stocks

Indian shares ended higher on Friday, led by a recovery in Tata group stocks and a rise in Tech Mahindra Ltd following its September quarter results. The benchmark BSE index ended 0.09 percent up at 27,941.51, while the broader NSE index closed 0.26 perce
Published 29 Oct, 2016 12:00am
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