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Oct 12, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-02-23
BOARD MEETINGS
Cotton

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 23 Feb, 2017 12:00am
Properties abroad: SBP chief makes things clear to NA body
Currency

Properties abroad: SBP chief makes things clear to NA body

The State Bank of Pakistan (SBP) has acknowledged that money is being laundered through informal channels of Hundi and Hawala and denied that the regulator has ever allowed any individual to purchase property abroad. Speaking during a meeting of the Natio
Published 23 Feb, 2017 12:00am
Properties abroad: SBP chief makes things clear to NA body
Currency

Properties abroad: SBP chief makes things clear to NA body

The State Bank of Pakistan (SBP) has acknowledged that money is being laundered through informal channels of Hundi and Hawala and denied that the regulator has ever allowed any individual to purchase property abroad. Speaking during a meeting of the Natio
Published 23 Feb, 2017 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 23 Feb, 2017 12:00am
Properties abroad: SBP chief makes things clear to NA body
Currency

Properties abroad: SBP chief makes things clear to NA body

The State Bank of Pakistan (SBP) has acknowledged that money is being laundered through informal channels of Hundi and Hawala and denied that the regulator has ever allowed any individual to purchase property abroad. Speaking during a meeting of the Natio
Published 23 Feb, 2017 12:00am
A move that PML-N had long rejected

A move that PML-N had long rejected

Pakistan said Wednesday it will send paramilitary forces to crack down on Islamic militants in the Punjab province, a move that the ruling party of Prime Minister Nawaz Sharif had long rejected because of opposition among its Islamist supporters. The deci
Published 23 Feb, 2017 12:00am
A move that PML-N had long rejected

A move that PML-N had long rejected

Pakistan said Wednesday it will send paramilitary forces to crack down on Islamic militants in the Punjab province, a move that the ruling party of Prime Minister Nawaz Sharif had long rejected because of opposition among its Islamist supporters. The deci
Published 23 Feb, 2017 12:00am
Rangers to fight Punjab militants

Rangers to fight Punjab militants

The federal government on Wedne-sday formally granted powers to Rangers to carry out operations in Punjab under the Anti-Terrorism Act for 60 days. A senior official of the Ministry of Interior said that the Ministry of Interior gave a formal approval on
Published 23 Feb, 2017 12:00am
Rangers to fight Punjab militants

Rangers to fight Punjab militants

The federal government on Wedne-sday formally granted powers to Rangers to carry out operations in Punjab under the Anti-Terrorism Act for 60 days. A senior official of the Ministry of Interior said that the Ministry of Interior gave a formal approval on
Published 23 Feb, 2017 12:00am
Army launches new operation

Army launches new operation

In response to a series of bloody extremist assaults, Pakistan Army Wednesday launched a nation-wide military operation 'Radd-ul-Fassad', which would include a broad spectrum security and counterterrorism operation in Punjab to root out terrorism from the
Published 23 Feb, 2017 12:00am
Army launches new operation

Army launches new operation

In response to a series of bloody extremist assaults, Pakistan Army Wednesday launched a nation-wide military operation 'Radd-ul-Fassad', which would include a broad spectrum security and counterterrorism operation in Punjab to root out terrorism from the
Published 23 Feb, 2017 12:00am
BRIndex30 drops 309.71 points

BRIndex30 drops 309.71 points

On Wednesday, BRIndex30 opened at 27,897.73. It touched an intraday high of 28,109.00 and an intraday Low of 27,413.75 and closed at 27,588.02 which was -309.71 points or -1.11 percent lower than previous close. Total volume was 207,263,500, which was 54.
Published 23 Feb, 2017 12:00am
BRIndex30 drops 309.71 points

BRIndex30 drops 309.71 points

On Wednesday, BRIndex30 opened at 27,897.73. It touched an intraday high of 28,109.00 and an intraday Low of 27,413.75 and closed at 27,588.02 which was -309.71 points or -1.11 percent lower than previous close. Total volume was 207,263,500, which was 54.
Published 23 Feb, 2017 12:00am
Equities depressed

Equities depressed

A mixed trend persisted on Pakistan Stock Exchange (PSX) Wednesday. The benchmark KSE-100 index traded between 49,331.54 points intra-day high and 48,710.29 points intra-day low before settling at 48,981.65 points, down 33.44 points on Wednesday. Selling
Published 23 Feb, 2017 12:00am
Equities depressed

Equities depressed

A mixed trend persisted on Pakistan Stock Exchange (PSX) Wednesday. The benchmark KSE-100 index traded between 49,331.54 points intra-day high and 48,710.29 points intra-day low before settling at 48,981.65 points, down 33.44 points on Wednesday. Selling
Published 23 Feb, 2017 12:00am
Equities depressed

Equities depressed

A mixed trend persisted on Pakistan Stock Exchange (PSX) Wednesday. The benchmark KSE-100 index traded between 49,331.54 points intra-day high and 48,710.29 points intra-day low before settling at 48,981.65 points, down 33.44 points on Wednesday. Selling
Published 23 Feb, 2017 12:00am
PM facing no frivolous allegations: SC

PM facing no frivolous allegations: SC

The Supreme Court on Wednesday observed that allegations levelled against Prime Minister Nawaz Sharif in the Panamagate case could be right or wrong but they are not frivolous. A member of the five-judge larger bench led by Justice Asif Saeed Khan Khosa i
Published 23 Feb, 2017 12:00am
PM facing no frivolous allegations: SC

PM facing no frivolous allegations: SC

The Supreme Court on Wednesday observed that allegations levelled against Prime Minister Nawaz Sharif in the Panamagate case could be right or wrong but they are not frivolous. A member of the five-judge larger bench led by Justice Asif Saeed Khan Khosa i
Published 23 Feb, 2017 12:00am
Government to accommodate investors possessing wind power LoIs

Government to accommodate investors possessing wind power LoIs

The federal government is likely to amend wind power policy aimed at accommodating those investors who received Letters of Intent (LoIs) on the basis of upfront tariff and now have become irrelevant after the announcement of new tariff mechanism for wind
Published 23 Feb, 2017 12:00am
Government to accommodate investors possessing wind power LoIs

Government to accommodate investors possessing wind power LoIs

The federal government is likely to amend wind power policy aimed at accommodating those investors who received Letters of Intent (LoIs) on the basis of upfront tariff and now have become irrelevant after the announcement of new tariff mechanism for wind
Published 23 Feb, 2017 12:00am
Government to accommodate investors possessing wind power LoIs

Government to accommodate investors possessing wind power LoIs

The federal government is likely to amend wind power policy aimed at accommodating those investors who received Letters of Intent (LoIs) on the basis of upfront tariff and now have become irrelevant after the announcement of new tariff mechanism for wind
Published 23 Feb, 2017 12:00am
WHT on dividends: Transmission line projects allowed exemption

WHT on dividends: Transmission line projects allowed exemption

The Economic Co-ordination Committee (ECC) of the Cabinet has allowed the transmission line projects exemption from withholding tax on dividends under the Transmission Line Policy 2015. A meeting of the ECC chaired by Finance Minister Ishaq Dar was presen
Published 23 Feb, 2017 12:00am
WHT on dividends: Transmission line projects allowed exemption

WHT on dividends: Transmission line projects allowed exemption

The Economic Co-ordination Committee (ECC) of the Cabinet has allowed the transmission line projects exemption from withholding tax on dividends under the Transmission Line Policy 2015. A meeting of the ECC chaired by Finance Minister Ishaq Dar was presen
Published 23 Feb, 2017 12:00am
WHT on dividends: Transmission line projects allowed exemption

WHT on dividends: Transmission line projects allowed exemption

The Economic Co-ordination Committee (ECC) of the Cabinet has allowed the transmission line projects exemption from withholding tax on dividends under the Transmission Line Policy 2015. A meeting of the ECC chaired by Finance Minister Ishaq Dar was presen
Published 23 Feb, 2017 12:00am
Erdogan hosts family dinner for Nawaz

Erdogan hosts family dinner for Nawaz

Turkish President Recep Tayyip Erdogan on Wednesday hosted a family dinner in honour of Prime Minister Nawaz Sharif. Turkish First Lady Emine Erdogan and Begum Kalsoom Nawaz also joined their spouses at the dinner, held here at the residence of Turkish Pr
Published 23 Feb, 2017 12:00am
Erdogan hosts family dinner for Nawaz

Erdogan hosts family dinner for Nawaz

Turkish President Recep Tayyip Erdogan on Wednesday hosted a family dinner in honour of Prime Minister Nawaz Sharif. Turkish First Lady Emine Erdogan and Begum Kalsoom Nawaz also joined their spouses at the dinner, held here at the residence of Turkish Pr
Published 23 Feb, 2017 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Wednesday (February 22, 2017).

Published 23 Feb, 2017 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Wednesday (February 22, 2017).

Published 23 Feb, 2017 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Wednesday (February 22, 2017).

Published 23 Feb, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (February 22, 2017).

Published 23 Feb, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (February 22, 2017).

Published 23 Feb, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (February 22, 2017).

Published 23 Feb, 2017 12:00am
JLI Capital Growth Fund Rates

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (February 22, 2017).

Published 23 Feb, 2017 12:00am
JLI Capital Growth Fund Rates

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (February 22, 2017).

Published 23 Feb, 2017 12:00am
JLI Capital Growth Fund Rates

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (February 22, 2017).

Published 23 Feb, 2017 12:00am
JLI Managed Growth Fund Rates

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (February 22, 2017).

Published 23 Feb, 2017 12:00am
JLI Managed Growth Fund Rates

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (February 22, 2017).

Published 23 Feb, 2017 12:00am
JLI Managed Growth Fund Rates

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (February 22, 2017).

Published 23 Feb, 2017 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (February 22, 2017).

Published 23 Feb, 2017 12:00am
Money Market Report
Currency

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (February 22, 2017).
Published 23 Feb, 2017 12:00am
Currency notes: exchange rates
Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Wednesday (February 22, 2017).

Published 23 Feb, 2017 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (February 22, 2017).

Published 23 Feb, 2017 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 23 Feb, 2017 12:00am
State Bank of Pakistan conversion rates
Currency

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 23 Feb, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 23 Feb, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 23 Feb, 2017 12:00am
Fauji Fertilizer Company Limited

Fauji Fertilizer Company Limited

Fauji Fertilizer Company Limited (FFCL) was founded in 1978 as a result of a joint venture between Fauji Foundation and Haldor Topsoe A/S Denmark. The main aim of investing in the fertilizer sector in 1970's was to locally produce and meet the country's r
Published 23 Feb, 2017 12:00am
WAPDA in brief

WAPDA in brief

WAPDA was established by an Act of Parliament in 1958 for optimum development of water and power resources of the country and its sustainable economic growth. WAPDA is being managed by an Authority which comprises Chairman and three Members for Water, Pow
Published 23 Feb, 2017 12:00am
Thar Coal: The energy savior

Thar Coal: The energy savior

Pakistan contains an estimated coal reserves of 186 Billion Tons, out of which 175 Billion Tons are located in the Thar Desert - the 7th largest coal reserves in the world. Thar coalfields contain Lignite, which has a energy generation potential of 100,00
Published 23 Feb, 2017 12:00am
Engaging the energy-experts to find solutions for Pakistan

Engaging the energy-experts to find solutions for Pakistan

Currently, the estimated demand for energy in Pakistan hovers around 20,000 Mega Watts, while the energy production in the country remains around 15,000 MW. Hence the gap in supply and demand has remained persistent. However, all industry experts are opti
Published 23 Feb, 2017 12:00am
Energy picture: Brighter but long road ahead

Energy picture: Brighter but long road ahead

There is no crisis graver than that of energy in today's Pakistan, and little wonder then that most of the government's time is occupied in planning, addressing and resolving the chronic issues. It was not long ago when Pakistan's economy was suffering an
Published 23 Feb, 2017 12:00am
Message from President & CEO, Shamrock Communications (Pvt) Ltd

Message from President & CEO, Shamrock Communications (Pvt) Ltd

It is a delightful occasion for SHAMROCK Conferences International, as we present the 9th Pakistan Energy Forum 2017. This year's conference has been truly enriched by the presence of Mr. Shahid Khaqan Abbasi, the honourable Minister of Petroleum and Natu
Published 23 Feb, 2017 12:00am
Message from Federal Minister for Petroleum & Natural Resources

Message from Federal Minister for Petroleum & Natural Resources

I congratulate the energy professionals of Pakistan for organising this insightful annual conference - The 9th Pakistan Energy Forum 2017, which is reflective of their valuable contribution towards fuelling the national economy. It highlights the commitme
Published 23 Feb, 2017 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Tuesday, at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,145. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 9.41 billion and the number of lots traded was 21,545. Major business was contributed by go
Published 23 Feb, 2017 12:00am
CBOT wheat futures lower on technical selling

CBOT wheat futures lower on technical selling

heat futures on the Chicago Board of Trade closed lower on Tuesday for a third straight session, pressured by technical selling and a stronger dollar, which tends to make US grains less attractive on the world market. CBOT March wheat settled down 5 cents
Published 23 Feb, 2017 12:00am
Asian naphtha cracks fall to one-month low

Asian naphtha cracks fall to one-month low

Asia's naphtha cracks fell 7.7 percent to reach a one-month low of $99.80 a tonne while gasoline crack fell to a five-week low of $10.84 a barrel, dragged down by weaker fundamentals in the West, traders said. "The Asian cracks could be mirroring the weak
Published 23 Feb, 2017 12:00am
Iran buys Brazilian raw sugar to boost stocks

Iran buys Brazilian raw sugar to boost stocks

Importers in Iran have bought up to 250,000 tonnes of Brazilian raw sugar in the first purchases in months as the country looks to bolster strategic stocks, trade sources said on Tuesday. The sources said the cargoes were for February shipment, adding tha
Published 23 Feb, 2017 12:00am
Chinese iron ore futures hit record high

Chinese iron ore futures hit record high

Iron ore futures in China surged more than 5 percent to a record high on Tuesday, pushed by a sustained rally in steel prices as investors bet on strong demand and tighter supply as Beijing tackles excess production capacity. Other steelmaking raw materia
Published 23 Feb, 2017 12:00am
Euronext wheat futures higher

Euronext wheat futures higher

Euronext wheat futures inched higher on Tuesday, steadying after a three-day pullback, as a steep fall in the euro and healthy international demand offset a drop in US prices. Traders were also looking ahead to acreage forecasts from the US Department of
Published 23 Feb, 2017 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 146,114 tonnes of cargo comprising 121,370 tonnes of import cargo and 24,744 tonnes of export cargo including 6,801 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of
Published 23 Feb, 2017 12:00am
Volume of business improves on cotton market
Cotton

Volume of business improves on cotton market

Volume of business improved on the cotton market on Wednesday owing to fresh buying by some needy mills, dealers said. The official spot rate was unchanged at Rs 6650, they said. In Sindh, seed cotton prices were lower by Rs 100 to Rs 3300-3400, they said
Published 23 Feb, 2017 12:00am
Rain to be welcomed for grain crops in NE Europe: MARS

Rain to be welcomed for grain crops in NE Europe: MARS

A persistent water shortfall in central and north-eastern Europe in recent weeks does not raise immediate concern for grain crops, but rain would be welcome to replenish reserves, EU crop monitoring unit MARS said on Monday. Southern Germany, southern Swe
Published 23 Feb, 2017 12:00am
Brussels warns French economy out of kilter, chides Germany, Italy

Brussels warns French economy out of kilter, chides Germany, Italy

The European Commission warned France two months before elections that its economy was out of balance and in need of reforms as it also chided Germany and Italy. The European Union's executive arm published in-depth reviews on Wednesday of the economies o
Published 23 Feb, 2017 12:00am
China home price growth cools for fourth straight month

China home price growth cools for fourth straight month

China's home price growth slowed for the fourth straight month as demand cooled further in its biggest cities, a welcome sign for policymakers as they seek to defuse bubbles in the world's second-largest economy amid an explosive growth in debt. Over the
Published 23 Feb, 2017 12:00am
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