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Oct 11, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-02-14
Pakistan Refinery Limited

Pakistan Refinery Limited

Pakistan Refinery Limited (PSX: PRL) was first incorporated in May 1960, and is a player in the downstream petroleum sector. PRL is engaged in both sale and production of petroleum products and is listed on the Pakistan Stock Exchange.
Published 14 Feb, 2017 12:00am
Pakistan Refinery Limited

Pakistan Refinery Limited

Pakistan Refinery Limited (PSX: PRL) was first incorporated in May 1960, and is a player in the downstream petroleum sector. PRL is engaged in both sale and production of petroleum products and is listed on the Pakistan Stock Exchange.
Published 14 Feb, 2017 12:00am
Mushahid terms popular upsurge in IHK as 'de facto plebiscite'

Mushahid terms popular upsurge in IHK as 'de facto plebiscite'

In what is the first ever such event held at Harvard University, the top American university witnessed a debate on the Kashmir dispute before a 400-plus audience of professors, scholars and students where representatives of Pakistan, India and the All Par
Published 14 Feb, 2017 12:00am
Complete shutdown in IoK

Complete shutdown in IoK

In occupied Kashmir, normal life was affected by a complete shutdown on Monday against the killings of six Kashmiri youth by Indian troops in Frisal area of Kulgam district. The call was given by the joint resistance leadership. Chairman All Parties Hurri
Published 14 Feb, 2017 12:00am
Oil down two percent as dollar firms, OPEC compliance rate shrugged off

Oil down two percent as dollar firms, OPEC compliance rate shrugged off

Oil prices declined on Monday by about 2 percent, the most since mid-January, pressured by a stronger dollar and signs of rising US crude output. Investors were meanwhile underwhelmed by an OPEC report showing high compliance with last year's production-c
Published 14 Feb, 2017 12:00am
US MIDDAY: corn, soya and wheat flat

US MIDDAY: corn, soya and wheat flat

US corn, soyabean and wheat futures were trading close to unchanged on Monday morning, steadying after all three commodities posted sharp gains last week. Prices recovered from overnight weakness on technical buying but plentiful global supplies limited t
Published 14 Feb, 2017 12:00am
US MIDDAY: gold slides
Currency

US MIDDAY: gold slides

Gold prices slipped on Monday as the dollar rose and equities climbed, but political and economic uncertainties in the United States and Europe are expected to provide support for now. The spot price was down 0.7 percent at $1,225.71 an ounce by 2:51 p.m.
Published 14 Feb, 2017 12:00am
A habit that is hard to break

A habit that is hard to break

Business Recorder op-ed writer Shabir Ahmed is undoubtedly one of the very few writers in Pakistan who write on economics and finance with genuine conviction. In one of his articles "Stock market: A bumpy ride ahead?", the writer, for example, make
Published 14 Feb, 2017 12:00am
China mulls radical output cuts, port coal ban in war on smog

China mulls radical output cuts, port coal ban in war on smog

China is considering forcing steel and aluminium producers to cut more output, banning coal in one of the country's top ports and shutting some fertiliser and drug plants as Beijing intensifies its war on smog, a draft policy document shows. The Ministry
Published 14 Feb, 2017 12:00am
Highly significant initiative

Highly significant initiative

As a major player in the Indian Ocean Region (IOR), Pakistan has always played its part to promote regional peace and harmony. It is not only in our own interest to have safe and freely navigable seas but also in the prime interests of other countries of
Published 14 Feb, 2017 12:00am
Alternative RLNG approaches

Alternative RLNG approaches

Five RLG plants have been planned. One has already been installed at Port Qasim. Contract for another has been awarded which is expected to come online within 2017. Three more RLNG plants to be installed of which one at Gwadar is at an advanced stage of P
Published 14 Feb, 2017 12:00am
The sorry state of religious freedom in India

The sorry state of religious freedom in India

The US Commission on International Religious Freedom (USCIRF), an independent bipartisan organisation that advises the president and Congress, has some home truths to tell about Indian secularism in its recent report on religious freedom in India. The rep
Published 14 Feb, 2017 12:00am
Optimistic view of Pakistan's economy

Optimistic view of Pakistan's economy

In a report titled "The Long View - How will the Global Economic Order Change by 2050" prepared by the PricewaterhouseCoopers (PwC), headquartered in London, Pakistan will regale impressive growth rates over the next three decades, surpassing nations like
Published 14 Feb, 2017 12:00am
Foreign loans: senators for taking parliament into confidence

Foreign loans: senators for taking parliament into confidence

Senator Farhatullah Babar of Pakistan Peoples Party Parliamentarians (PPPP) on Monday said that the government had increased borrowing by making a change in the Fiscal Responsibility and Debt Limitation Act through an SRO, which is illegal. Speaking at th
Published 14 Feb, 2017 12:00am
Foreign loans: senators for taking parliament into confidence

Foreign loans: senators for taking parliament into confidence

Senator Farhatullah Babar of Pakistan Peoples Party Parliamentarians (PPPP) on Monday said that the government had increased borrowing by making a change in the Fiscal Responsibility and Debt Limitation Act through an SRO, which is illegal. Speaking at th
Published 14 Feb, 2017 12:00am
Foreign loans: senators for taking parliament into confidence

Foreign loans: senators for taking parliament into confidence

Senator Farhatullah Babar of Pakistan Peoples Party Parliamentarians (PPPP) on Monday said that the government had increased borrowing by making a change in the Fiscal Responsibility and Debt Limitation Act through an SRO, which is illegal. Speaking at th
Published 14 Feb, 2017 12:00am
Medical stores shut down in Punjab

Medical stores shut down in Punjab

On the call given by the Pakistan Pharmaceuticals Manufacturers'''''''' Association (PPMA), chemists in Lahore and other parts of the province on Monday observed strike, to protest against changes in the Drug Act in Punjab. Due to strike, medical stores a
Published 14 Feb, 2017 12:00am
Medical stores shut down in Punjab

Medical stores shut down in Punjab

On the call given by the Pakistan Pharmaceuticals Manufacturers'''' Association (PPMA), chemists in Lahore and other parts of the province on Monday observed strike, to protest against changes in the Drug Act in Punjab. Due to strike, medical stores and a
Published 14 Feb, 2017 12:00am
Medical stores shut down in Punjab

Medical stores shut down in Punjab

On the call given by the Pakistan Pharmaceuticals Manufacturers'' Association (PPMA), chemists in Lahore and other parts of the province on Monday observed strike, to protest against changes in the Drug Act in Punjab. Due to strike, medical stores and a f
Published 14 Feb, 2017 12:00am
Medical stores shut down in Punjab

Medical stores shut down in Punjab

On the call given by the Pakistan Pharmaceuticals Manufacturers' Association (PPMA), chemists in Lahore and other parts of the province on Monday observed strike, to protest against changes in the Drug Act in Punjab. Due to strike, medical stores and a fe
Published 14 Feb, 2017 12:00am
Two killed in Quetta explosion

Two killed in Quetta explosion

Two officials of bomb disposal Squad died and 9 people died in bomb explosion here Monday night. According to details bomb Disposal Squad received information that a bomb was planted under the bridge along Sariab road.
Published 14 Feb, 2017 12:00am
Two killed in Quetta explosion

Two killed in Quetta explosion

Two officials of bomb disposal Squad died and 9 people died in bomb explosion here Monday night. According to details bomb Disposal Squad received information that a bomb was planted under the bridge along Sariab road.
Published 14 Feb, 2017 12:00am
Saeed Ahmad reappointed Deputy Governor SBP

Saeed Ahmad reappointed Deputy Governor SBP

Federal government has re-appointed Saeed Ahmad as Deputy Governor of the State Bank of Pakistan for two years. In pursuance of Section 10(9) of the State Bank of Pakistan Act, 1956 (as amended) the Federal Government has re-appointed Saeed Ahmad as Deput
Published 14 Feb, 2017 12:00am
Saeed Ahmad reappointed Deputy Governor SBP

Saeed Ahmad reappointed Deputy Governor SBP

Federal government has re-appointed Saeed Ahmad as Deputy Governor of the State Bank of Pakistan for two years. In pursuance of Section 10(9) of the State Bank of Pakistan Act, 1956 (as amended) the Federal Government has re-appointed Saeed Ahmad as Deput
Published 14 Feb, 2017 12:00am
Saeed Ahmad reappointed Deputy Governor SBP

Saeed Ahmad reappointed Deputy Governor SBP

Federal government has re-appointed Saeed Ahmad as Deputy Governor of the State Bank of Pakistan for two years. In pursuance of Section 10(9) of the State Bank of Pakistan Act, 1956 (as amended) the Federal Government has re-appointed Saeed Ahmad as Deput
Published 14 Feb, 2017 12:00am
The Weather

The Weather

The weather report on Monday (February 13, 2017) and the forecast for Tuesday (February 14, 2017).

Published 14 Feb, 2017 12:00am
Tehmina Janjua new foreign secretary

Tehmina Janjua new foreign secretary

Prime Minister Nawaz Shairf has appointed senior female diplomat, Tehmina Janjua, as Pakistan''s new foreign secretary, the country''s first ever woman to hold the high profile slot. "The Prime Minister has been pleased to appoint Tehmina Janjua, presentl
Published 14 Feb, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (February 13, 2017).

Published 14 Feb, 2017 12:00am
Tehmina Janjua new foreign secretary

Tehmina Janjua new foreign secretary

Prime Minister Nawaz Shairf has appointed senior female diplomat, Tehmina Janjua, as Pakistan's new foreign secretary, the country's first ever woman to hold the high profile slot. "The Prime Minister has been pleased to appoint Tehmina Janjua, presently
Published 14 Feb, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (February 13, 2017).

Published 14 Feb, 2017 12:00am
Resolution of complaints boosts government-people confidence: Mamnoon

Resolution of complaints boosts government-people confidence: Mamnoon

President Mamnoon Hussain on Monday said that speedy resolution of public complaints not only lessens the problems of the people but also builds confidence between the government and the people which is beneficial for stability of the state. The President
Published 14 Feb, 2017 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 14 Feb, 2017 12:00am
Prime Minister to arrive in Karachi today

Prime Minister to arrive in Karachi today

Prime Minister Nawaz Sharif will visit Karachi on a one-day visit on Tuesday (today) to witness Pakistan Navy's Multinational Exercise Aman-17. Earlier, the PM extended gratitude to the participating navies for joining Pakistan Navy at Aman-17 in such lar
Published 14 Feb, 2017 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 14 Feb, 2017 12:00am
President, PM & CoAS condemn Lahore blast

President, PM & CoAS condemn Lahore blast

Prime Minister Nawaz Sharif and President Mamnoon Hussain and Chief of the Army Staff General Qamar Bajwa, Senator Raza Rabbani along with various ministers, political leaders and social figures have strongly condemned the terror blast outside Punjab Asse
Published 14 Feb, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (February 13, 2017).

Published 14 Feb, 2017 12:00am
Terrorist attack: Punjab home department forewarned: NACTA

Terrorist attack: Punjab home department forewarned: NACTA

The National Counter Terrorism Authority (NACTA) had forewarned Punjab home department on February 7 that an unidentified terrorist group was planning to carry out a terrorist attack in Lahore. An official said on Monday that NACTA had issued a notificati
Published 14 Feb, 2017 12:00am
Lahore Literary Festival 2017 commences from February 24

Lahore Literary Festival 2017 commences from February 24

The fifth, three-day edition of the annual Lahore Literary Festival (LLF) commences Friday, February 24, at the Alhamra Art Center, Mall Road. With a roster of over 100 tantalising thinkers from home and abroad-including Lebanon, Syria, Indonesia, South A
Published 14 Feb, 2017 12:00am
SBP links wheat subsidy payment to export proceeds

SBP links wheat subsidy payment to export proceeds

The State Bank of Pakistan said Monday that payment of wheat export subsidies will be allowed only after full realisation of export proceeds. It advised authorised wheat dealers to process cases of eligible exporters for subsidy claims against export of w
Published 14 Feb, 2017 12:00am
SBP links wheat subsidy payment to export proceeds

SBP links wheat subsidy payment to export proceeds

The State Bank of Pakistan said Monday that payment of wheat export subsidies will be allowed only after full realisation of export proceeds. It advised authorised wheat dealers to process cases of eligible exporters for subsidy claims against export of w
Published 14 Feb, 2017 12:00am
SBP links wheat subsidy payment to export proceeds

SBP links wheat subsidy payment to export proceeds

The State Bank of Pakistan said Monday that payment of wheat export subsidies will be allowed only after full realisation of export proceeds. It advised authorised wheat dealers to process cases of eligible exporters for subsidy claims against export of w
Published 14 Feb, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (February 13, 2017)

Published 14 Feb, 2017 12:00am
Five regulatory bodies placed under MoIPC control

Five regulatory bodies placed under MoIPC control

Parliamentary Secretary for Finance Rana Muhammad Afzal Khan said that federal government has decided to place five key regulatory bodies under the administrative control of Ministry of Inter Provincial Co-ordination (MoIPC. "We will take this step to dim
Published 14 Feb, 2017 12:00am
Five regulatory bodies placed under MoIPC control

Five regulatory bodies placed under MoIPC control

Parliamentary Secretary for Finance Rana Muhammad Afzal Khan said that federal government has decided to place five key regulatory bodies under the administrative control of Ministry of Inter Provincial Co-ordination (MoIPC. "We will take this step to dim
Published 14 Feb, 2017 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (February 13, 2017).

Published 14 Feb, 2017 12:00am
Five regulatory bodies placed under MoIPC control

Five regulatory bodies placed under MoIPC control

Parliamentary Secretary for Finance Rana Muhammad Afzal Khan said that federal government has decided to place five key regulatory bodies under the administrative control of Ministry of Inter Provincial Co-ordination (MoIPC. "We will take this step to dim
Published 14 Feb, 2017 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Monday (February 13, 2017).

Published 14 Feb, 2017 12:00am
Census likely to cost over Rs 21 billion

Census likely to cost over Rs 21 billion

Ministry of Finance is likely to request the provinces to share the additional expenditure sought by Pakistan Bureau of Statistics (PBS) for involvement of higher number of armed forces'' personnel in the population census starting from March 15, 2017. An
Published 14 Feb, 2017 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 30 December, 2016.

Published 14 Feb, 2017 12:00am
Census likely to cost over Rs 21 billion

Census likely to cost over Rs 21 billion

Ministry of Finance is likely to request the provinces to share the additional expenditure sought by Pakistan Bureau of Statistics (PBS) for involvement of higher number of armed forces' personnel in the population census starting from March 15, 2017. An
Published 14 Feb, 2017 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 30 December, 2016.

Published 14 Feb, 2017 12:00am
Government sees end to routine power outages by year's end

Government sees end to routine power outages by year's end

Govt expects to end electricity shortages by the end of 2017, a senior government official said, in what would be a major electoral boost for Prime Minister Nawaz Sharif. Sharif's PML-N party swept to power in the 2013 polls by pledging to end crippling p
Published 14 Feb, 2017 12:00am
Power sector receivables soar to Rs 726.2 billion

Power sector receivables soar to Rs 726.2 billion

The country''''s power sector receivables have soared to Rs 726.19 billion as of December 2016 as compared to Rs 684.06 billion on June 30, 2016, showing an increase of 6 per cent in just six months. According to official documents, Discos'''' collection
Published 14 Feb, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (February 13, 2017).

Published 14 Feb, 2017 12:00am
Power sector receivables soar to Rs 726.2 billion

Power sector receivables soar to Rs 726.2 billion

The country''s power sector receivables have soared to Rs 726.19 billion as of December 2016 as compared to Rs 684.06 billion on June 30, 2016, showing an increase of 6 per cent in just six months. According to official documents, Discos'' collection has
Published 14 Feb, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (February 13, 2017).

Published 14 Feb, 2017 12:00am
Power sector receivables soar to Rs 726.2 billion

Power sector receivables soar to Rs 726.2 billion

The country's power sector receivables have soared to Rs 726.19 billion as of December 2016 as compared to Rs 684.06 billion on June 30, 2016, showing an increase of 6 per cent in just six months. According to official documents, Discos' collection has re
Published 14 Feb, 2017 12:00am
ECC lends a helping hand to Discos

ECC lends a helping hand to Discos

The Economic Co-ordination Committee (ECC) of the Cabinet has decided to provide Rs 30 billion sovereign guarantee to the power sector for settlement of liabilities of distribution companies on account of subsidies. A participant of the meeting said that
Published 14 Feb, 2017 12:00am
ECC lends a helping hand to Discos

ECC lends a helping hand to Discos

The Economic Co-ordination Committee (ECC) of the Cabinet has decided to provide Rs 30 billion sovereign guarantee to the power sector for settlement of liabilities of distribution companies on account of subsidies. A participant of the meeting said that
Published 14 Feb, 2017 12:00am
THE RUPEE: steadier trend
Currency

THE RUPEE: steadier trend

The rupee depicted no major changes against the dollar on the money market on Monday in the process of trrading activity, dealers said. The rupee shed one paisa in terms of the dollar for buying and selling at Rs 104.81 and Rs104.82 respectively, they sai
Published 14 Feb, 2017 12:00am
ECC lends a helping hand to Discos

ECC lends a helping hand to Discos

The Economic Co-ordination Committee (ECC) of the Cabinet has decided to provide Rs 30 billion sovereign guarantee to the power sector for settlement of liabilities of distribution companies on account of subsidies. A participant of the meeting said that
Published 14 Feb, 2017 12:00am
THE RUPEE: steadier trend
Currency

THE RUPEE: steadier trend

The rupee depicted no major changes against the dollar on the money market on Monday in the process of trrading activity, dealers said. The rupee shed one paisa in terms of the dollar for buying and selling at Rs 104.81 and Rs104.82 respectively, they sai
Published 14 Feb, 2017 12:00am
Pakistan boycotts UN meeting after US visa delay for Haideri

Pakistan boycotts UN meeting after US visa delay for Haideri

The failure of Senate deputy chairman, a prominent politician, to get a US visa on time for a trip to the United States prompted Pakistan to boycott a UN-sponsored meeting on Monday, a parliamentary official said. It was not clear whether the failure of S
Published 14 Feb, 2017 12:00am
BRIndex30 sheds 205.14 points

BRIndex30 sheds 205.14 points

On Monday, BRIndex30 opened at 28,991.69 points. It touched an intraday high of 29,192.39 points and an intraday low of 28,695.69 points and closed at 28,786.55 points which was -205.14 points or -0.71 percent lower than previous close. Total volume was 1
Published 14 Feb, 2017 12:00am
BRIndex30 sheds 205.14 points

BRIndex30 sheds 205.14 points

On Monday, BRIndex30 opened at 28,991.69 points. It touched an intraday high of 29,192.39 points and an intraday low of 28,695.69 points and closed at 28,786.55 points which was -205.14 points or -0.71 percent lower than previous close. Total volume was 1
Published 14 Feb, 2017 12:00am
Equities touch crucial level

Equities touch crucial level

Pakistan Stock Exchange (PSX) on Monday opened on strong positive note and the benchmark KSE-100 index once again crossed 50,000 points crucial level to hit 50,322.55 points intra-day high. However, the index could not sustain this level due to selling in
Published 14 Feb, 2017 12:00am
Equities touch crucial level

Equities touch crucial level

Pakistan Stock Exchange (PSX) on Monday opened on strong positive note and the benchmark KSE-100 index once again crossed 50,000 points crucial level to hit 50,322.55 points intra-day high. However, the index could not sustain this level due to selling in
Published 14 Feb, 2017 12:00am
Equities touch crucial level

Equities touch crucial level

Pakistan Stock Exchange (PSX) on Monday opened on strong positive note and the benchmark KSE-100 index once again crossed 50,000 points crucial level to hit 50,322.55 points intra-day high. However, the index could not sustain this level due to selling in
Published 14 Feb, 2017 12:00am
ST&DCPL: Nepra approves Rs 0.3727 per unit wheeling charges

ST&DCPL: Nepra approves Rs 0.3727 per unit wheeling charges

National Electric Power Regulatory Authority (Nepra) has approved Rs 0.3727 per unit Wheeling charges for Sindh Transmission and Dispatch Company (Private) Ltd (ST&DCPL) for the determination of tariff for 132 KV Transmission Line Project. The Authority h
Published 14 Feb, 2017 12:00am
ISPR sad over killing of TV worker

ISPR sad over killing of TV worker

Pakistan Army's public affairs department expressed deep grief over the killing of Samaa News team member Taimoor in Sunday evening terrorist attack in Karachi. Director General Inter-Services Public Relations (ISPR), Major General Asif Ghafoor took to tw
Published 14 Feb, 2017 12:00am
CoAS visits Strategic Plans Division

CoAS visits Strategic Plans Division

Chief of Army Staff (CoAS), General Qamar Javed Bajwa visited Strategic Plans Division on Monday. He was received by Director General Strategic Plans Division, Lieutenant General Mazher Jamil and was given detailed briefing regarding various facets of Pak
Published 14 Feb, 2017 12:00am
BOARD MEETINGS
Cotton

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 14 Feb, 2017 12:00am
CoAS visits Strategic Plans Division

CoAS visits Strategic Plans Division

Chief of Army Staff (CoAS), General Qamar Javed Bajwa visited Strategic Plans Division on Monday. He was received by Director General Strategic Plans Division, Lieutenant General Mazher Jamil and was given detailed briefing regarding various facets of Pak
Published 14 Feb, 2017 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 14 Feb, 2017 12:00am
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