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Oct 11, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-02-18
PBIT's Board of Directors reconstituted

PBIT's Board of Directors reconstituted

The Punjab government has reconstituted the Board of Directors of Punjab Board of Investment & Trade (PBIT) after taking notice of mismanagement and irregularities in the PBIT. According to the notification issued on February 13, 2017, by the Ministry of
Published 18 Feb, 2017 12:00am
Kaira blames Punjab government for failure to control attacks

Kaira blames Punjab government for failure to control attacks

Pakistan Peoples' Party (PPP) Punjab President Qamar Zaman Kaira wondered Friday that blasts took place soon the PPP leadership intends political activities. He was addressing a press conference in the city along with other top leaders of the party. He al
Published 18 Feb, 2017 12:00am
PPDWP approves three development schemes

PPDWP approves three development schemes

The Punjab Provincial Development Working Party (PPDWP) has accorded approval of three development schemes of roads and transport sectors with an estimated cost of Rs 12057.227 million. These schemes were approved in the 54th meeting of Provincial Develop
Published 18 Feb, 2017 12:00am
PBIF president demands timely completion of FBR buildings

PBIF president demands timely completion of FBR buildings

President of Pakistan Businessmen and Intellectuals Forum (PBIF) Mian Zahid Hussain has urged the government to ensure that all the projects initiated by the Federal Board of Revenue (FBR) are completed without any complication that could lead to delay. "
Published 18 Feb, 2017 12:00am
Population census: government urged to collect data on top ailments

Population census: government urged to collect data on top ailments

The Pakistan Health Research Advisory Board and the Pakistan Cardiac Society (PCS) asked the government Friday to collect data on diabetes, hypertension, obesity, hepatitis and cardiac ailments for presentation at the upcoming population census so that fa
Published 18 Feb, 2017 12:00am
Businessmen condemn suicide blast at Qalandar shrine

Businessmen condemn suicide blast at Qalandar shrine

The business community has strongly condemned the cowardly suicide attack at the shrine of Lal Shahbaz Qalandar in Sehwan Sharif that left more than 80 dead 250 people wounded. President Of Federation of Pakistan Chambers of Commerce and Industry (FPCCI),
Published 18 Feb, 2017 12:00am
Threat alert issued for twin cities

Threat alert issued for twin cities

Intelligence agencies have warned of possible terrorist attack in the twin cities of Islamabad and Rawalpindi in wake of a series of terror incidents in various parts of the country. The National Counter Terrorism Authority (NACTA) has forewarned chief co
Published 18 Feb, 2017 12:00am
27 terrorists killed in Karachi 'encounters'

27 terrorists killed in Karachi 'encounters'

The police and the Rangers, who intensified their anti-terrorism operations in response to the fresh wave of terror in Pakistan, announced Friday they killed 27 militants associated with banned organizations including ISIS, Lashkar-e-Jhangvi (LeJ) and Jam
Published 18 Feb, 2017 12:00am
Security of shrines tightened in Punjab

Security of shrines tightened in Punjab

The Punjab police department tightened the security in the provincial metropolis on Friday, particularly at various shrines and such other places, to avert any untoward incident besides closing the Shrine of Bibi Pak Daman for the visitors. During Juma pr
Published 18 Feb, 2017 12:00am
Naval Chief visits Sehwan blast victims at PNS Shifa

Naval Chief visits Sehwan blast victims at PNS Shifa

With a view to express solidarity and solace with tragic Lal Shahbaz Qalandar's Shrine terrorist attack victims and their families, Chief of the Naval Staff Admiral Muhammad Zakaullah visited the injured of Sehwan blast being treated at Pakistan Navy Hosp
Published 18 Feb, 2017 12:00am
Religious, political leaders condemn Sehwan carnage

Religious, political leaders condemn Sehwan carnage

Different religious segments, political leaders and civil society have strongly condemned the tragic incident of terrorism on the shrine on Lal Shahbaz Qalandar at Sehwan leaving more than 80 people dead, while more than 250 people injured the leaders of
Published 18 Feb, 2017 12:00am
Sindh government tightens security at mosques and shrines

Sindh government tightens security at mosques and shrines

As people from all walks of life mourned the unfortunate deaths consequent to blast at the shrine of Lal Shahbaz Qalandar, Sindh government on Friday beefed up security arrangements at all shrines as well as mosques across the province. Police department
Published 18 Feb, 2017 12:00am
US slams attack in Sehwan

US slams attack in Sehwan

The United States has strongly condemned the terrorist attack in Sehwan Sharif. In a statement, US State Department Spokesman Mark Toner said Thursday his country stands with the people of Pakistan in their fight against terrorism and remains committed to
Published 18 Feb, 2017 12:00am
Sugarcane growers advised

Sugarcane growers advised

The Punjab Agriculture Department has advised the sugarcane growers to keep the ratio of seed from 100 to 120 maund per acre to get better yield and select seed from such fields which are healthy and disease free. The department also advised the growers n
Published 18 Feb, 2017 12:00am
Khattak approves allowances for traffic wardens

Khattak approves allowances for traffic wardens

Chief Minister Khyber Pakhtunkhwa Pervez Khattak in light of the letter of Inspector General of Police (IGP) Khyber Pakhtunkhwa, Nasir Khan Durrani has approved the special allowances for traffic warden police on the pattern of Motorway police with immedi
Published 18 Feb, 2017 12:00am
HRCP demands decisive crackdown against terrorists

HRCP demands decisive crackdown against terrorists

Strongly condemning the Sehwan Sharif suicide bombing and a series of terrorist attacks in the country over the last few days, the Human Rights Commission of Pakistan (HRCP) has demanded decisive crackdown on all manifestations of violence, especially in
Published 18 Feb, 2017 12:00am
HEC launches Pakistan Qualification Register

HEC launches Pakistan Qualification Register

The Higher Education Commission (HEC) has achieved another milestone by launching Pakistan Qualification Register (PQR) through e-portal system so that stakeholders of HEC can view online those programmes of Pakistani Universities/Degree Awarding Institut
Published 18 Feb, 2017 12:00am
Experts for quality research, positive outlook

Experts for quality research, positive outlook

The social scientists have termed research oriented education coupled with good behaviour 'inevitable' for the development, success and initiation of change in the societies. They stressed quality proven through social indicators as a panacea for national
Published 18 Feb, 2017 12:00am
Cotton dips for third session on technical selling
Cotton

Cotton dips for third session on technical selling

ICE cotton futures fell for the third straight session on Thursday on technical selling ahead of the first notice day for the March contract due next week. "The market crossed over the short-term uptrend line so that probably sparked selling," said Peter
Published 18 Feb, 2017 12:00am
Shanghai copper slips

Shanghai copper slips

Late Asian trading on Friday saw a bout of profit taking pare back copper prices to just under $6,000 a tonne, setting the stage for the metal to finish the week in negative territory. The most-traded copper contract on the Shanghai Futures Exchange on Fr
Published 18 Feb, 2017 12:00am
Copper slips, but China optimism and supply fears support

Copper slips, but China optimism and supply fears support

The price of copper slid on Friday as a failure to sustain levels above $6,000 a tonne triggered profit-taking, although a prospect of strong demand from top consumer China and supply disruptions are expected to support prices. Benchmark copper on the Lon
Published 18 Feb, 2017 12:00am
Rubber plunges

Rubber plunges

Benchmark Tokyo rubber futures extended declines on Friday to close 6.3 percent lower, in line with Shanghai futures, as supply worries continued to ease following Thailand's planned sales of the commodity. The Tokyo Commodity Exchange rubber contract for
Published 18 Feb, 2017 12:00am
Palm oil drops

Palm oil drops

Malaysian palm oil futures dropped to their lowest in three months on Friday, on expectations of rising production and slow export demand. Benchmark palm oil futures for May delivery on the Bursa Malaysia Derivatives Exchange were down 2.4 percent at 2,85
Published 18 Feb, 2017 12:00am
Cocoa slips, robusta coffee eases

Cocoa slips, robusta coffee eases

Cocoa futures fell on Friday as a short-covering rally seemed to run out of steam, while robusta coffee eased as Brazil underwhelmed the market with modest plans for imports. New York May cocoa fell $11, or 0.54 percent, to$2,031 per tonne by 1500 GMT, sn
Published 18 Feb, 2017 12:00am
Gold surges in New York

Gold surges in New York

Gold rose on Thursday as the dollar weakened after a 10-day winning streak and investors took the opportunity to buy bullion as a hedge against political uncertainty in the United States and Europe. Spot gold rose 0.7 percent to $1,240.86 an ounce by 2:37
Published 18 Feb, 2017 12:00am
Gold steadies in Asia

Gold steadies in Asia

Gold held steady on Friday as the dollar hovered near one-week lows, keeping the metal on track for a third week of gains amid political uncertainties in the United States and Europe. Spot gold was flat at $1,238.29 per ounce at 0710 GMT, while US gold fu
Published 18 Feb, 2017 12:00am
Gold rises in Europe

Gold rises in Europe

Gold crept higher on Friday as investors opted for the safe haven qualities of bullion due to uncertainty about US and European politics as well as the direction of stock markets. Global equity markets lost momentum after setting record highs in the previ
Published 18 Feb, 2017 12:00am
US MIDDAY: wheat and corn ease further

US MIDDAY: wheat and corn ease further

US wheat and corn futures fell on Friday for a second straight session as traders liquidated long positions ahead of a US holiday weekend, and following a fund-driven rally seen as lacking fundamental drivers, analysts said. Soyabeans also extended losses
Published 18 Feb, 2017 12:00am
US MIDDAY: gold edges higher

US MIDDAY: gold edges higher

Gold crept higher on Friday as investors opted for the safe haven qualities of bullion due to uncertainty about US and European politics as well as the direction of stock markets. Global equity markets lost momentum after setting record highs in the previ
Published 18 Feb, 2017 12:00am
Oil prices drop as swelling supplies overshadow OPEC cuts

Oil prices drop as swelling supplies overshadow OPEC cuts

Oil prices slipped on Friday, with US crude on track for its first weekly decline in five weeks, as pressure from a stronger dollar, rising drilling and record stockpiles in the United States faced efforts by major producers to cut enough output to reduce
Published 18 Feb, 2017 12:00am
Taking credit for CPEC

Taking credit for CPEC

As we know taking credit means to allow people to believe that you have done something, whether it is true or false. According to media reports, former President Pervez Musharraf has claimed that China Pakistan Economic Corridor (CPEC) was his idea. Accor
Published 18 Feb, 2017 12:00am
Working together for the region - ESCAP and ASEAN

Working together for the region - ESCAP and ASEAN

The Association of Southeast Asian Nations (ASEAN) has shown to be an exemplary role model for regional co-operation guiding the 10-country bloc on the path towards prosperity and sustainable development. Since its launch in 1967, ASEAN has indeed journey
Published 18 Feb, 2017 12:00am
Administrative actions and the rule of recognition

Administrative actions and the rule of recognition

Administrative actions are those actions which are necessary to be done to carry out public policy and purposes already declared by the legislation. A recent example of such an action can be seen in the order No, 13769 issued by Donald Trump as the Presid
Published 18 Feb, 2017 12:00am
Unhonoured pledges

Unhonoured pledges

The incumbent government has not been able to address the challenge of circular debt in any effective and meaningful manner. It has, however, managed to isolate it from intensive media focus. Financial bailout packages continue to be dished out to sustain
Published 18 Feb, 2017 12:00am
Mega naval exercise

Mega naval exercise

Pakistan has a strategic stake in peaceful navigation and security of the Indian Ocean, an interest that of late has acquired immense primacy for several reasons. Pakistan is washed by the Arabian Sea for about a thousand kilometers, so its interest is al
Published 18 Feb, 2017 12:00am
Fallout of terrorist attacks

Fallout of terrorist attacks

Much of the reaction to the deadly terrorist bombing in Lahore, Peshawar, Mohmand and Sehwan on almost consecutive days is familiar and predictable. There are the ritual condemnations by important personalities, condolence messages from around the world,
Published 18 Feb, 2017 12:00am
Malaysia rejects North Korean demand to hand over body

Malaysia rejects North Korean demand to hand over body

Malaysia Friday rejected Pyongyang's demand that it hand over the body of Kim Jong-Nam, the assassinated half-brother of North Korea's leader, saying it would only be released when his family provide DNA samples. Detectives in Kuala Lumpur are trying to g
Published 18 Feb, 2017 12:00am
Ogra seeks LPG record to analyse prices

Ogra seeks LPG record to analyse prices

Oil and Gas Regulatory Authority (OGRA) has directed both the public and private sector LPG marketing companies and LPG producers to provide record of LPG business for the last 3 financial years to determine the fair analysis of LPG prices. The OGRA had n
Published 18 Feb, 2017 12:00am
Ogra seeks LPG record to analyse prices

Ogra seeks LPG record to analyse prices

Oil and Gas Regulatory Authority (OGRA) has directed both the public and private sector LPG marketing companies and LPG producers to provide record of LPG business for the last 3 financial years to determine the fair analysis of LPG prices. The OGRA had n
Published 18 Feb, 2017 12:00am
Ogra seeks LPG record to analyse prices

Ogra seeks LPG record to analyse prices

Oil and Gas Regulatory Authority (OGRA) has directed both the public and private sector LPG marketing companies and LPG producers to provide record of LPG business for the last 3 financial years to determine the fair analysis of LPG prices. The OGRA had n
Published 18 Feb, 2017 12:00am
Aziz asks Afghan government to take action against terrorists

Aziz asks Afghan government to take action against terrorists

Adviser to the Prime Minister on Foreign Affairs, Sartaj Aziz on Friday asked Afghan government to take action against the terrorists responsible for recent terror attacks in Pakistan. According to Foreign Office Spokesperson Nafees Zakaria, Adviser to th
Published 18 Feb, 2017 12:00am
Aziz asks Afghan government to take action against terrorists

Aziz asks Afghan government to take action against terrorists

Adviser to the Prime Minister on Foreign Affairs, Sartaj Aziz on Friday asked Afghan government to take action against the terrorists responsible for recent terror attacks in Pakistan. According to Foreign Office Spokesperson Nafees Zakaria, Adviser to th
Published 18 Feb, 2017 12:00am
FBR detects money laundering scam

FBR detects money laundering scam

Directorate of Customs Intelligence and Investigation has unearthed a case of money laundering to the tune of $2.1 million involving an importer, who simultaneously committed offences of fiscal fraud, forgery, under-invoicing, tax evasion and money launde
Published 18 Feb, 2017 12:00am
FBR detects money laundering scam

FBR detects money laundering scam

Directorate of Customs Intelligence and Investigation has unearthed a case of money laundering to the tune of $2.1 million involving an importer, who simultaneously committed offences of fiscal fraud, forgery, under-invoicing, tax evasion and money launde
Published 18 Feb, 2017 12:00am
FBR detects money laundering scam

FBR detects money laundering scam

Directorate of Customs Intelligence and Investigation has unearthed a case of money laundering to the tune of $2.1 million involving an importer, who simultaneously committed offences of fiscal fraud, forgery, under-invoicing, tax evasion and money launde
Published 18 Feb, 2017 12:00am
The Weather

The Weather

The weather report on Friday (February 17, 2017) and the forecast for Saturday (February 18, 2017).

Published 18 Feb, 2017 12:00am
Tillerson, Wang in highest-level US-China meet under Trump

Tillerson, Wang in highest-level US-China meet under Trump

US Secretary of State Rex Tillerson on Friday used his first meeting with Chinese counterpart Wang Yi to urge Beijing to help rein in North Korea after its series of nuclear and ballistic missile tests. Their talks, the highest level Sino-US encounter sin
Published 18 Feb, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (February 17, 2017).

Published 18 Feb, 2017 12:00am
PTA chief terms PM's package unproductive

PTA chief terms PM's package unproductive

Chairman, Pakistan Tanners' Association (PTA), Anjum Zafar said that the incentive package announced by Prime Minister in January 2017 has become "Ineffective/unproductive" for leather sector of Pakistan as a result of inadvertently omission of related H.
Published 18 Feb, 2017 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 18 Feb, 2017 12:00am
Belarus ambassador meets Shahbaz

Belarus ambassador meets Shahbaz

Ambassador of Belarus, Andrei Ermolovich called on Punjab Chief Minister Muhammad Shahbaz Sharif, here on Friday. During the meeting Andrei Ermolovich expressed deep sense of grief over the loss of precious human lives while condemning blasts at Lahore an
Published 18 Feb, 2017 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 18 Feb, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (February 17, 2017).

Published 18 Feb, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (February 17, 2017)

Published 18 Feb, 2017 12:00am
Prime Minister vows to eliminate terrorists with full force

Prime Minister vows to eliminate terrorists with full force

Prime Minister Muhammad Nawaz Sharif Friday reiterated his government's resolve to counter terrorists and authorized the army to "eliminate the enemy wherever they are". He stated this while presiding over a meeting held here in the aftermath of Thursday'
Published 18 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 Friday (February 17, 2017).

Published 18 Feb, 2017 12:00am
Prime Minister vows to eliminate terrorists with full force

Prime Minister vows to eliminate terrorists with full force

Prime Minister Muhammad Nawaz Sharif Friday reiterated his government's resolve to counter terrorists and authorized the army to "eliminate the enemy wherever they are". He stated this while presiding over a meeting held here in the aftermath of Thursday'
Published 18 Feb, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (February 17, 2017).

Published 18 Feb, 2017 12:00am
Government admits presence of ISIS

Government admits presence of ISIS

The government on Friday admitted - for the first time - the presence of the Islamic State of Iraq and the Levant (ISIS). The ISIS has claimed responsibility of the suicide attack on the shrine of Lal Shahbaz Qalandar in Sehwan Sharif. This revelation was
Published 18 Feb, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (February 17, 2017).

Published 18 Feb, 2017 12:00am
Government admits presence of ISIS

Government admits presence of ISIS

The government on Friday admitted - for the first time - the presence of the Islamic State of Iraq and the Levant (ISIS). The ISIS has claimed responsibility of the suicide attack on the shrine of Lal Shahbaz Qalandar in Sehwan Sharif. This revelation was
Published 18 Feb, 2017 12:00am
100 terrorists killed after blast in Sehwan

100 terrorists killed after blast in Sehwan

Security forces said Friday they had killed more than 100 "terrorists" after 88 people died in an attack claimed by the Islamic State group on a Sufi shrine which stoked fears of a fresh surge in militancy. The devastating blast came after a series of blo
Published 18 Feb, 2017 12:00am
100 terrorists killed after blast in Sehwan

100 terrorists killed after blast in Sehwan

Security forces said Friday they had killed more than 100 "terrorists" after 88 people died in an attack claimed by the Islamic State group on a Sufi shrine which stoked fears of a fresh surge in militancy. The devastating blast came after a series of blo
Published 18 Feb, 2017 12:00am
THE RUPEE: upward trend
Currency

THE RUPEE: upward trend

The rupee managed to gain slightly in terms of the dollar on the money market on Friday in the process of trading, dealers said. The rupee was unchanged versus the dollar for buying and selling at Rs 104.83 and Rs 104.84, they said.
Published 18 Feb, 2017 12:00am
BRIndex30 gains 97.28 points

BRIndex30 gains 97.28 points

BRIndex30 opened at 28,325.07. It touched an intraday high of 28,586.84 and an intraday Low of 28,247.35 and closed at 28,422.35 which was 97.28 points or 0.34 percent higher than previous close. Total volume was 218,708,000, which was 58.59 percent of KS
Published 18 Feb, 2017 12:00am
THE RUPEE: upward trend
Currency

THE RUPEE: upward trend

The rupee managed to gain slightly in terms of the dollar on the money market on Friday in the process of trading, dealers said. The rupee was unchanged versus the dollar for buying and selling at Rs 104.83 and Rs 104.84, they said.
Published 18 Feb, 2017 12:00am
BRIndex30 gains 97.28 points

BRIndex30 gains 97.28 points

BRIndex30 opened at 28,325.07. It touched an intraday high of 28,586.84 and an intraday Low of 28,247.35 and closed at 28,422.35 which was 97.28 points or 0.34 percent higher than previous close. Total volume was 218,708,000, which was 58.59 percent of KS
Published 18 Feb, 2017 12:00am
Selling pressure witnessed

Selling pressure witnessed

Pakistan Stock Exchange (PSX) once again remained under selling pressure due to terrorist attacks in different parts of the country. Although the market opened on positive note and the index hit 49,894.35 points intra-day high level, however could not sus
Published 18 Feb, 2017 12:00am
Selling pressure witnessed

Selling pressure witnessed

Pakistan Stock Exchange (PSX) once again remained under selling pressure due to terrorist attacks in different parts of the country. Although the market opened on positive note and the index hit 49,894.35 points intra-day high level, however could not sus
Published 18 Feb, 2017 12:00am
Selling pressure witnessed

Selling pressure witnessed

Pakistan Stock Exchange (PSX) once again remained under selling pressure due to terrorist attacks in different parts of the country. Although the market opened on positive note and the index hit 49,894.35 points intra-day high level, however could not sus
Published 18 Feb, 2017 12:00am
Financial institutions: FBR proposes common reporting standards

Financial institutions: FBR proposes common reporting standards

The Federal Board of Revenue (FBR) has proposed common reporting standards for financial institutions for automatic exchange of information including banking information with OECD member countries under bilateral agreement/multilateral convention, includi
Published 18 Feb, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (February 17, 2017).

Published 18 Feb, 2017 12:00am
Financial institutions: FBR proposes common reporting standards

Financial institutions: FBR proposes common reporting standards

The Federal Board of Revenue (FBR) has proposed common reporting standards for financial institutions for automatic exchange of information including banking information with OECD member countries under bilateral agreement/multilateral convention, includi
Published 18 Feb, 2017 12:00am
Financial institutions: FBR proposes common reporting standards

Financial institutions: FBR proposes common reporting standards

The Federal Board of Revenue (FBR) has proposed common reporting standards for financial institutions for automatic exchange of information including banking information with OECD member countries under bilateral agreement/multilateral convention, includi
Published 18 Feb, 2017 12:00am
Samsung chief arrested as South Korean corruption probe deepens

Samsung chief arrested as South Korean corruption probe deepens

Samsung Group chief Jay Y. Lee was arrested on Friday over his alleged role in a corruption scandal rocking the highest levels of power in South Korea, dealing a fresh blow to the technology giant and standard-bearer for Asia''s fourth-largest economy. Th
Published 18 Feb, 2017 12:00am
Samsung chief arrested as South Korean corruption probe deepens

Samsung chief arrested as South Korean corruption probe deepens

Samsung Group chief Jay Y. Lee was arrested on Friday over his alleged role in a corruption scandal rocking the highest levels of power in South Korea, dealing a fresh blow to the technology giant and standard-bearer for Asia's fourth-largest economy. The
Published 18 Feb, 2017 12:00am
Samsung chief arrested as South Korean corruption probe deepens

Samsung chief arrested as South Korean corruption probe deepens

Samsung Group chief Jay Y. Lee was arrested on Friday over his alleged role in a corruption scandal rocking the highest levels of power in South Korea, dealing a fresh blow to the technology giant and standard-bearer for Asia's fourth-largest economy. The
Published 18 Feb, 2017 12:00am
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