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Oct 12, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-02-25
'The decisive battle'

'The decisive battle'

This is apropos aBusiness Recorder op-ed "The decisive battle" carried by the newspaper on Friday. The writer, Ikram Sehgal, who happens to be a seasoned defence analyst, has argued, among other things, that "General Qamar Javed Bajwa is belatedly
Published 25 Feb, 2017 12:00am
The Weather

The Weather

The weather report on Friday (February 24, 2017) and the forecast for Saturday (February 25, 2017).

Published 25 Feb, 2017 12:00am
Trump fires up German debate on military spending

Trump fires up German debate on military spending

US President Donald Trump's demand for Nato allies to boost defence spending is driving an election-year dispute between Chancellor Angela Merkel's conservatives and their centre-left challengers led by Martin Schulz. It is a sensitive debate in Germany,
Published 25 Feb, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (February 24, 2017).

Published 25 Feb, 2017 12:00am
Customs Act and the hierarchy of jurisdiction

Customs Act and the hierarchy of jurisdiction

The Customs Act, 1969 [herein referred to as the Act] is the law relating to levy and collection of customs duties, fee and service charges including the allied matters relating to import controls and taxation on imports.1 The Act is very exhaustive and d
Published 25 Feb, 2017 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 25 Feb, 2017 12:00am
Too many SEZs

Too many SEZs

Spurred by the prospects of maximising dividends out of the China Pakistan Economic Corridor, the Pakistan's government appears to be over-ambitious in setting up Special Economic Zones all over the country. With voices of concern surfacing, notably those
Published 25 Feb, 2017 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 25 Feb, 2017 12:00am
Military courts

Military courts

Military courts trying civilians - an anathema to civilized sensibilities - are being revived for three years with the government seeking a change in the lapsed constitutional amendment unacceptable to the two main opposition parties, the PPP and PTI. At
Published 25 Feb, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (February 24, 2017).

Published 25 Feb, 2017 12:00am
Accord on N-accidents

Accord on N-accidents

It is tempting to believe that but for their nuclear capabilities, Pakistan and India would have gone for a war by now. It is a kind of nuclear balance between them that tends to work as deterrence against a wider conflict in South Asia. Even at the heigh
Published 25 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 24, 2017)

Published 25 Feb, 2017 12:00am
Why a third runway

Why a third runway

The Civil Aviation Authority (CAA) is reportedly planning to acquire over 2800 acres of additional land for the Islamabad International Airport with the objective of building a third runway with the target scheduled completion on 14th August this year. Th
Published 25 Feb, 2017 12:00am
Punjab government, PCB indecisive about PSL final

Punjab government, PCB indecisive about PSL final

After having a meeting with Punjab Chief Minister, Pakistan Super League (PSL) Chairman Najam Sethi said that they were on track for final of the PSL in Lahore. However, they will continue to monitor and review the situation in the run-up. Sethi, who is a
Published 25 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 24, 2017).

Published 25 Feb, 2017 12:00am
Punjab government, PCB indecisive about PSL final

Punjab government, PCB indecisive about PSL final

After having a meeting with Punjab Chief Minister, Pakistan Super League (PSL) Chairman Najam Sethi said that they were on track for final of the PSL in Lahore. However, they will continue to monitor and review the situation in the run-up. Sethi, who is a
Published 25 Feb, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (February 24, 2017).

Published 25 Feb, 2017 12:00am
Sanaullah says 'gas leak' behind Defence blast

Sanaullah says 'gas leak' behind Defence blast

Punjab Minister for Law Rana Sanaullah claimed on Friday that the blast in Lahore's DHA area on Thursday was a "gas leak accident". "Forensic report of material does not show involvement of any terrorist act in this regard and the collected samples had hi
Published 25 Feb, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (February 24, 2017).

Published 25 Feb, 2017 12:00am
Sanaullah says 'gas leak' behind Defence blast

Sanaullah says 'gas leak' behind Defence blast

Punjab Minister for Law Rana Sanaullah claimed on Friday that the blast in Lahore's DHA area on Thursday was a "gas leak accident". "Forensic report of material does not show involvement of any terrorist act in this regard and the collected samples had hi
Published 25 Feb, 2017 12:00am
Preparations for population census reviewed

Preparations for population census reviewed

A co-ordination meeting for Army's support during 6th Population and Housing Census was held at Army Air Defence Command Headquarters, Rawalpindi on Friday. Lieutenant General Muhammad Zahid Latif Mirza, Commander AAD Command, Secretary Statistics Divisio
Published 25 Feb, 2017 12:00am
Preparations for population census reviewed

Preparations for population census reviewed

A co-ordination meeting for Army's support during 6th Population and Housing Census was held at Army Air Defence Command Headquarters, Rawalpindi on Friday. Lieutenant General Muhammad Zahid Latif Mirza, Commander AAD Command, Secretary Statistics Divisio
Published 25 Feb, 2017 12:00am
THE RUPEE: steadier trend
Currency

THE RUPEE: steadier trend

Firmness prevailed on the money market on Friday as the rupee showed slight improvement against the dollar in the process of trading, dealers said. The rupee sustained overnight levels in relation to the dollar for buying and selling at Rs 104.85 and Rs 1
Published 25 Feb, 2017 12:00am
Trump blasts FBI for not stopping leaks to media

Trump blasts FBI for not stopping leaks to media

President Donald Trump took the unusual step Friday of publicly criticising the FBI, saying it was failing to stop national security leaks to the media, even from within the agency. The Republican's rebuke, posted on Twitter and Facebook, comes with his a
Published 25 Feb, 2017 12:00am
THE RUPEE: steadier trend
Currency

THE RUPEE: steadier trend

Firmness prevailed on the money market on Friday as the rupee showed slight improvement against the dollar in the process of trading, dealers said. The rupee sustained overnight levels in relation to the dollar for buying and selling at Rs 104.85 and Rs 1
Published 25 Feb, 2017 12:00am
Trump blasts FBI for not stopping leaks to media

Trump blasts FBI for not stopping leaks to media

President Donald Trump took the unusual step Friday of publicly criticising the FBI, saying it was failing to stop national security leaks to the media, even from within the agency. The Republican's rebuke, posted on Twitter and Facebook, comes with his a
Published 25 Feb, 2017 12:00am
Nation determined to get rid of terrorism: Dar

Nation determined to get rid of terrorism: Dar

Finance Minister Ishaq Dar, Chairman Joint Chiefs of Staff Committee, General Zubair Mahmood Hayat and Chief of Air Staff Air Chief Marshal Sohail Aman held a meeting at the Joint Staff Headquarters, Chaklala on Friday. The meeting discussed the on-going
Published 25 Feb, 2017 12:00am
Nation determined to get rid of terrorism: Dar

Nation determined to get rid of terrorism: Dar

Finance Minister Ishaq Dar, Chairman Joint Chiefs of Staff Committee, General Zubair Mahmood Hayat and Chief of Air Staff Air Chief Marshal Sohail Aman held a meeting at the Joint Staff Headquarters, Chaklala on Friday. The meeting discussed the on-going
Published 25 Feb, 2017 12:00am
German secret service spied on global media

German secret service spied on global media

Germany's foreign intelligence service BND long spied on journalists of the BBC, The New York Times, Reuters and other media, news weekly Der Spiegel reported Friday. Media rights group Reporters Without Borders labelled the alleged surveillance "a monstr
Published 25 Feb, 2017 12:00am
German secret service spied on global media

German secret service spied on global media

Germany's foreign intelligence service BND long spied on journalists of the BBC, The New York Times, Reuters and other media, news weekly Der Spiegel reported Friday. Media rights group Reporters Without Borders labelled the alleged surveillance "a monstr
Published 25 Feb, 2017 12:00am
PM returns after visit to Turkey

PM returns after visit to Turkey

Prime Minister Nawaz Sharif returned to Islamabad Friday afternoon after two days visit to Turkey. During his visit, the Prime Minister co chaired the 5th session of the Pakistan-Turkey High Level Strategic Co-operation Council along with his Turkish coun
Published 25 Feb, 2017 12:00am
PM returns after visit to Turkey

PM returns after visit to Turkey

Prime Minister Nawaz Sharif returned to Islamabad Friday afternoon after two days visit to Turkey. During his visit, the Prime Minister co chaired the 5th session of the Pakistan-Turkey High Level Strategic Co-operation Council along with his Turkish coun
Published 25 Feb, 2017 12:00am
BOARD MEETINGS
Cotton

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 25 Feb, 2017 12:00am
Hajj arrangements: SBP allows 30 percent advance remittances

Hajj arrangements: SBP allows 30 percent advance remittances

The State Bank of Pakistan (SBP) has allowed Authorised Dealers (ADs) to make advance remittances on behalf of Hajj Group Organisers (HGOs) up to 30 percent of the Hajj package for Hajj arrangements in Saudi Arabia. "In order to facilitate the HGOs to mak
Published 25 Feb, 2017 12:00am
Hajj arrangements: SBP allows 30 percent advance remittances

Hajj arrangements: SBP allows 30 percent advance remittances

The State Bank of Pakistan (SBP) has allowed Authorised Dealers (ADs) to make advance remittances on behalf of Hajj Group Organisers (HGOs) up to 30 percent of the Hajj package for Hajj arrangements in Saudi Arabia. "In order to facilitate the HGOs to mak
Published 25 Feb, 2017 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 25 Feb, 2017 12:00am
Hajj arrangements: SBP allows 30 percent advance remittances

Hajj arrangements: SBP allows 30 percent advance remittances

The State Bank of Pakistan (SBP) has allowed Authorised Dealers (ADs) to make advance remittances on behalf of Hajj Group Organisers (HGOs) up to 30 percent of the Hajj package for Hajj arrangements in Saudi Arabia. "In order to facilitate the HGOs to mak
Published 25 Feb, 2017 12:00am
Japan punches time clock early for 'Premium Friday'

Japan punches time clock early for 'Premium Friday'

Japan's Prime Minister spent Friday afternoon meditating while staff at some of the country's biggest firms quit work early - in time for a bit of shopping or maybe a boozy train ride. Welcome to Premium Friday, Japan's latest bid to tackle two perennial
Published 25 Feb, 2017 12:00am
At least 9 hurt as heavy fire paralyses Libya capital

At least 9 hurt as heavy fire paralyses Libya capital

Armed groups traded fire with heavy weapons in the centre of Tripoli, injuring at least nine people and paralysing the Libyan capital, residents and the Red Crescent said on Friday. "Our team rescued nine people injured in the indiscriminate firing," said
Published 25 Feb, 2017 12:00am
Afghan deportation flight left from Germany half empty

Afghan deportation flight left from Germany half empty

The German government admitted Friday it deported fewer than half the Afghans who were due to be repatriated on a charter plane earlier this week, after some went into hiding. Fifty Afghans whose asylum requests had been rejected were to have boarded the
Published 25 Feb, 2017 12:00am
UK-based banks should brace for moving some units to EU: Bundesbank

UK-based banks should brace for moving some units to EU: Bundesbank

Banks based in Britain will probably have to move some operations to the European Union to preserve market access after Britain leaves the EU, because any replacement for the current setup will be imperfect and risky, Bundesbank board member Andreas Dombr
Published 25 Feb, 2017 12:00am
Modi hints at Pakistani hand in deadly rail crash

Modi hints at Pakistani hand in deadly rail crash

A train crash that killed 148 people may have been caused deliberately as part of a "conspiracy" hatched in Pakistan, India's prime minister alleged Friday, as he campaigned for a key state election. Narendra Modi claimed police had found evidence of sabo
Published 25 Feb, 2017 12:00am
Modi hints at Pakistani hand in deadly rail crash

Modi hints at Pakistani hand in deadly rail crash

A train crash that killed 148 people may have been caused deliberately as part of a "conspiracy" hatched in Pakistan, India's prime minister alleged Friday, as he campaigned for a key state election. Narendra Modi claimed police had found evidence of sabo
Published 25 Feb, 2017 12:00am
BRIndex30 rises 58.87 points

BRIndex30 rises 58.87 points

On Friday, BRIndex30 opened at 27,714.21 and remained positive throughout the trading session. It touched an intraday high of 27,977.50 and an intraday Low of 27,714.21 and closed at 27,773.08 which was 58.87 points or 0.21 percent higher than previous cl
Published 25 Feb, 2017 12:00am
BRIndex30 rises 58.87 points

BRIndex30 rises 58.87 points

On Friday, BRIndex30 opened at 27,714.21 and remained positive throughout the trading session. It touched an intraday high of 27,977.50 and an intraday Low of 27,714.21 and closed at 27,773.08 which was 58.87 points or 0.21 percent higher than previous cl
Published 25 Feb, 2017 12:00am
Volatility persists

Volatility persists

Pakistan Stock Exchange (PSX) witnessed another volatile session Friday. The benchmark KSE-100 index kept oscillating between 49,273.31 points intra-day high and 48,939.52 points intra-day low before settling at 49,008.00 points, down 54.26 points.
Published 25 Feb, 2017 12:00am
Volatility persists

Volatility persists

Pakistan Stock Exchange (PSX) witnessed another volatile session Friday. The benchmark KSE-100 index kept oscillating between 49,273.31 points intra-day high and 48,939.52 points intra-day low before settling at 49,008.00 points, down 54.26 points.
Published 25 Feb, 2017 12:00am
Volatility persists

Volatility persists

Pakistan Stock Exchange (PSX) witnessed another volatile session Friday. The benchmark KSE-100 index kept oscillating between 49,273.31 points intra-day high and 48,939.52 points intra-day low before settling at 49,008.00 points, down 54.26 points.
Published 25 Feb, 2017 12:00am
RBS annual losses balloon to £7 billion

RBS annual losses balloon to £7 billion

Royal Bank of Scotland said Friday that annual losses more than trebled in 2016 on litigation and restructuring costs, triggering more job cuts and a fresh round of savings. RBS, bailed-out by the British government following the 2008 financial crisis, po
Published 25 Feb, 2017 12:00am
RBS annual losses balloon to £7 billion

RBS annual losses balloon to £7 billion

Royal Bank of Scotland said Friday that annual losses more than trebled in 2016 on litigation and restructuring costs, triggering more job cuts and a fresh round of savings. RBS, bailed-out by the British government following the 2008 financial crisis, po
Published 25 Feb, 2017 12:00am
RBS annual losses balloon to £7 billion

RBS annual losses balloon to £7 billion

Royal Bank of Scotland said Friday that annual losses more than trebled in 2016 on litigation and restructuring costs, triggering more job cuts and a fresh round of savings. RBS, bailed-out by the British government following the 2008 financial crisis, po
Published 25 Feb, 2017 12:00am
RBS annual losses balloon to £7 billion

RBS annual losses balloon to £7 billion

Royal Bank of Scotland said Friday that annual losses more than trebled in 2016 on litigation and restructuring costs, triggering more job cuts and a fresh round of savings. RBS, bailed-out by the British government following the 2008 financial crisis, po
Published 25 Feb, 2017 12:00am
SBP takes big step to narrow trade deficit

SBP takes big step to narrow trade deficit

The State Bank of Pakistan (SBP) Friday imposed a 100 percent cash margin requirement on the import of some 404 items with immediate effect. The SBP issued a circular to all banks to formally announce the imposition of 100 percent cash margin on the impor
Published 25 Feb, 2017 12:00am
SBP takes big step to narrow trade deficit

SBP takes big step to narrow trade deficit

The State Bank of Pakistan (SBP) Friday imposed a 100 percent cash margin requirement on the import of some 404 items with immediate effect. The SBP issued a circular to all banks to formally announce the imposition of 100 percent cash margin on the impor
Published 25 Feb, 2017 12:00am
SBP takes big step to narrow trade deficit

SBP takes big step to narrow trade deficit

The State Bank of Pakistan (SBP) Friday imposed a 100 percent cash margin requirement on the import of some 404 items with immediate effect. The SBP issued a circular to all banks to formally announce the imposition of 100 percent cash margin on the impor
Published 25 Feb, 2017 12:00am
SBP takes big step to narrow trade deficit

SBP takes big step to narrow trade deficit

The State Bank of Pakistan (SBP) Friday imposed a 100 percent cash margin requirement on the import of some 404 items with immediate effect. The SBP issued a circular to all banks to formally announce the imposition of 100 percent cash margin on the impor
Published 25 Feb, 2017 12:00am
NAB chief summoned over Nandipur

NAB chief summoned over Nandipur

The parliamentary panel on Friday summoned Chairman National Accountability Bureau (NAB) for not filing references against former law minister and top officials accused of involvement in Nandipur power plant scam that led to Rs 113 billion loss to the nat
Published 25 Feb, 2017 12:00am
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