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Oct 17, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-03-15
CoAS highlights enormity of efforts against forces of terror

CoAS highlights enormity of efforts against forces of terror

A two-day Pak-UK seminar on 'Sharing experiences in stabilisation and peace efforts' being organised at NDU Islamabad. Chief of Army Staff, General Qamar Javed Bajwa, was the chief guest on the opening session. The event is second in ongoing consultative
Published 15 Mar, 2017 12:00am
Deadlock still persists over military courts

Deadlock still persists over military courts

The talks between Pakistan Peoples Party Parliamentarians (PPPP) and the government ended inconclusive on Tuesday but the former is still hopeful that its nine points will be accepted before making any legislation regarding any extension to the military c
Published 15 Mar, 2017 12:00am
NA flays circulation of blasphemous material

NA flays circulation of blasphemous material

The National Assembly on Tuesday passed a joint resolution unanimously to condemn circulation of blasphemous material on social media and urged the government to take necessary measures to curb it. The House also authorised Speaker National Assembly to co
Published 15 Mar, 2017 12:00am
Punjab chief minister briefed about census' arrangement

Punjab chief minister briefed about census' arrangement

A meeting presided over by Chief Minister Punjab Shahbaz Sharif and Corps Commander Multan Lieutenant General Sarfraz Sattar was held at Corps Headquarter Multan in which a detailed briefing was given regarding the arrangements for the sixth census. Durin
Published 15 Mar, 2017 12:00am
Khattak hints at adding 4000 megawatts to system by February 2018

Khattak hints at adding 4000 megawatts to system by February 2018

KP Chief Minister Pervez Khattak hinted at bringing 4000 megawatt of electricity to the system by February 18, 2018. He directed for the expeditious land acquisition for Bhasha Dasu Dam and working out the plan that will manage and run Pehure Project. He
Published 15 Mar, 2017 12:00am
Aizaz Ahmad reaches Washington

Aizaz Ahmad reaches Washington

New Pakistan ambassador to the United States, Aizaz Ahmad Chaudhry, reached Washington on Monday. Aizaz Ahmad Chaudhry will assume charge as 21st ambassador of Pakistan to United States today (Tuesday). He will be briefed at the Pakistani embassy after th
Published 15 Mar, 2017 12:00am
FIA obtains IP addresses to probe leakage of CSS papers

FIA obtains IP addresses to probe leakage of CSS papers

Federal Investigation Agency (FIA) on Tuesday obtained four internet protocol (IP) addresses from the management of Facebook in connection with the investigation of leakage of two papers of Central Superior Services (CSS). The CSS papers leakage scandal h
Published 15 Mar, 2017 12:00am
Shanghai copper rises

Shanghai copper rises

Shanghai Futures Exchange copper rose 0.7 percent to 47,360 yuan ($6,844) a tonne on Tuesday by expectations of stronger demand for the metal after China, the world's biggest copper user, reported better-than-forecast industrial output data and fixed-asse
Published 15 Mar, 2017 12:00am
Copper up on China demand optimism, Fed rate decision caps
Currency

Copper up on China demand optimism, Fed rate decision caps

Copper prices climbed on Tuesday as funds bought on growing expectations of stronger demand from top consumer China, but a higher dollar ahead of Wednesday's decision on US interest rates by the Federal Reserve capped gains. The benchmark copper contract
Published 15 Mar, 2017 12:00am
Russian oil output continues to slide in March

Russian oil output continues to slide in March

Russian oil output has continued to decline in March, reaching the level of 11.068 million barrels per day (bpd) in the first 13 days of the month, two energy industry sources told Reuters on Tuesday. This was down from 11.083 million bpd on March 1-5 and
Published 15 Mar, 2017 12:00am
Rubber falls

Rubber falls

Benchmark Tokyo rubber futures fell on Tuesday, after hitting a one-week high earlier in the session, as sliding oil prices and weaker Shanghai futures prompted selling, outpacing a softer yen. "The TOCOM lost ground after Shanghai futures weakened amid s
Published 15 Mar, 2017 12:00am
Palm oil snaps losing streak

Palm oil snaps losing streak

Malaysian palm oil futures rebounded from a near five-month low to gain in late trade on Tuesday, supported by expectations of stronger demand ahead of a cargo surveyor data release. Benchmark palm oil futures for May delivery on the Bursa Malaysia Deriva
Published 15 Mar, 2017 12:00am
Cocoa climbs as shorts take cover

Cocoa climbs as shorts take cover

Cocoa futures on ICE climbed to five-week highs on Tuesday, bolstered by short-covering as the markets reacted to technically oversold conditions, while sterling weakness further buoyed prices in London. Sugar and arabica coffee prices retreated slightly,
Published 15 Mar, 2017 12:00am
Gold little changed in New York
Currency

Gold little changed in New York

Gold prices were little changed on Monday as the prospect of imminent interest rate rises kept them near the five-week lows touched last week, while elections in Europe created uncertainty and fueled investor buying. Spot gold was down 0.01 percent at $1,
Published 15 Mar, 2017 12:00am
Gold unchanged in Asia

Gold unchanged in Asia

Gold prices were steady on Tuesday as investors waited for the start of a two-day US Federal Reserve meeting where the central bank is widely expect to raise interest rates. Signs of an uptick in inflation and continued strength in the US jobs market are
Published 15 Mar, 2017 12:00am
Gold steadies in European trade

Gold steadies in European trade

Gold prices steadied on Tuesday, weighed down by expectations for a rise in US interest rates that boosted the dollar but supported at the margins by political risks in Europe. The dollar index climbed by about 0.3 percent, making dollar-priced gold costl
Published 15 Mar, 2017 12:00am
US MIDDAY: soya falls

US MIDDAY: soya falls

Chicago Board of Trade soyabean futures declined on Tuesday for a seventh straight session, dropping below $10 a bushel as hefty South American harvests threatened US soya export prospects, traders said. Wheat fell to a six-week bottom, but corn firmed, s
Published 15 Mar, 2017 12:00am
US MIDDAY: gold little changed

US MIDDAY: gold little changed

Gold prices were little changed on Tuesday as an expected US interest rate hike boosted the dollar and weighed on the precious metal, but political risks in Europe provided safe-haven support. The dollar index climbed, making dollar-priced gold costlier f
Published 15 Mar, 2017 12:00am
Slow implementation of NAP

Slow implementation of NAP

This is apropos aBusiness Recorder news item "NAP: PM concerned at slow pace of implementation" carried by the newspaper yesterday. According to it, Prime Minister Nawaz Sharif expressed satisfaction over progress made by Pakistan Army and other la
Published 15 Mar, 2017 12:00am
Iceland lifts final yoke from crippling 2008 crisis
Currency

Iceland lifts final yoke from crippling 2008 crisis

Thriving economically on the back of a tourism boom, Iceland on Tuesday ended the capital controls set up to stabilise its economy after the devastating 2008 financial crisis, lifting a heavy yoke. On Sunday, the government announced it was terminating th
Published 15 Mar, 2017 12:00am
The Weather

The Weather

The weather report on Tuesday (March 14, 2017) and the forecast for Wednesday (March 15, 2017).

Published 15 Mar, 2017 12:00am
Census, at last

Census, at last

Nineteen years is not a long time in a nation's history. But if you have been living with lots of false 'facts' for even half of that time you come to take them as permanent, or even sacred, 'facts' and order your life accordingly only to be jolted out of
Published 15 Mar, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (March 14, 2017).

Published 15 Mar, 2017 12:00am
Expediting NAP implementation

Expediting NAP implementation

An upshot from the Corps Commanders' conference held last week at the GHQ was its reservation over sluggish, if not reluctant, implementation of the 20-point National Action Plan (NAP). The military top brass was also surprised over the political parties'
Published 15 Mar, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (March 14, 2017).

Published 15 Mar, 2017 12:00am
Registered premium bonds

Registered premium bonds

Finance Minister, Ishaq Dar launched first-ever registered premium prize bonds on 10thMarch, 2017 at a ceremony held at SBP Islamabad office. Speaking on the occasion, he said that first prize of the bond will be Rs 80 million and profit rate at the rate
Published 15 Mar, 2017 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 15 Mar, 2017 12:00am
Shehbaz visits Kidney Institute Multan

Shehbaz visits Kidney Institute Multan

Punjab Chief Minister Shehbaz Sharif Tuesday visited the Kidney Institute Multan to review medical facilities there. He inquired about the health of patients and asked them about the health facilities being provided at the institute. He also inspected the
Published 15 Mar, 2017 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 15 Mar, 2017 12:00am
Government puts Pakistan on path of prosperity, development: PM

Government puts Pakistan on path of prosperity, development: PM

Prime Minister Nawaz Sharif on Tuesday said the government had put the country on the path of prosperity and development by adopting business-friendly policies and hard work. When the Pakistan Muslim League-Nawaz government, he said, took office in 2013,
Published 15 Mar, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (March 14, 2017).

Published 15 Mar, 2017 12:00am
64 dangerous U turns shut down on national highway: DIG NH&MP

64 dangerous U turns shut down on national highway: DIG NH&MP

National Highways & Motorway Police DIG Mirza Faran Baig has said 64 improper and dangerous U turns have completely shut down on the national highway in last year. In the area of Sector Okara, 33 in Sector Multan, 28 in Sector Rahim Yar Khan, 03 U turns h
Published 15 Mar, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (March 14, 2017)

Published 15 Mar, 2017 12:00am
Bilateral exports: SBP and CBI may sign arrangement soon

Bilateral exports: SBP and CBI may sign arrangement soon

The State Bank of Pakistan (SBP) and Central Bank of Iran (CBI) are likely to sign a Banking and Payment Arrangement (PBA) soon to enable exporters of both the countries to settle their claims through the two state banks. Sources said that a summary for a
Published 15 Mar, 2017 12:00am
Bilateral exports: SBP and CBI may sign arrangement soon

Bilateral exports: SBP and CBI may sign arrangement soon

The State Bank of Pakistan (SBP) and Central Bank of Iran (CBI) are likely to sign a Banking and Payment Arrangement (PBA) soon to enable exporters of both the countries to settle their claims through the two state banks. Sources said that a summary for a
Published 15 Mar, 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 Tuesday (March 14, 2017).

Published 15 Mar, 2017 12:00am
Bilateral exports: SBP and CBI may sign arrangement soon

Bilateral exports: SBP and CBI may sign arrangement soon

The State Bank of Pakistan (SBP) and Central Bank of Iran (CBI) are likely to sign a Banking and Payment Arrangement (PBA) soon to enable exporters of both the countries to settle their claims through the two state banks. Sources said that a summary for a
Published 15 Mar, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (March 14, 2017).

Published 15 Mar, 2017 12:00am
Regularisation of LPG business approved by CCI

Regularisation of LPG business approved by CCI

Federal Minister for Petroleum and Natural Resources Sh-ahid Khaqan Abbasi said on Tuesday that the Council of Common Interest (CCI) has approved regularisation of LPG business. The minister was speaking at the second international conference organised by
Published 15 Mar, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (March 14, 2017).

Published 15 Mar, 2017 12:00am
Regularisation of LPG business approved by CCI

Regularisation of LPG business approved by CCI

Federal Minister for Petroleum and Natural Resources Sh-ahid Khaqan Abbasi said on Tuesday that the Council of Common Interest (CCI) has approved regularisation of LPG business. The minister was speaking at the second international conference organised by
Published 15 Mar, 2017 12:00am
Regularisation of LPG business approved by CCI

Regularisation of LPG business approved by CCI

Federal Minister for Petroleum and Natural Resources Sh-ahid Khaqan Abbasi said on Tuesday that the Council of Common Interest (CCI) has approved regularisation of LPG business. The minister was speaking at the second international conference organised by
Published 15 Mar, 2017 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

The rupee managed to hold overnight levels against the dollar on the money market on Tuesday in the process of trading, dealers said. The rupee stayed put against the dollar for buying and selling at Rs 104.84 and Rs 104.85 respectively, they said.
Published 15 Mar, 2017 12:00am
THE RUPEE: firm trend
Currency

THE RUPEE: firm trend

The rupee managed to hold overnight levels against the dollar on the money market on Tuesday in the process of trading, dealers said. The rupee stayed put against the dollar for buying and selling at Rs 104.84 and Rs 104.85 respectively, they said.
Published 15 Mar, 2017 12:00am
Government-IPPs standoff likely to persist

Government-IPPs standoff likely to persist

The current standoff between the Independent Power Producers (IPPs) and the federal government on nonpayment of overdue amount is likely to continue till announcement of federal budget 2017-18 as Finance Ministry has stopped releasing subsidy for the powe
Published 15 Mar, 2017 12:00am
Government-IPPs standoff likely to persist

Government-IPPs standoff likely to persist

The current standoff between the Independent Power Producers (IPPs) and the federal government on nonpayment of overdue amount is likely to continue till announcement of federal budget 2017-18 as Finance Ministry has stopped releasing subsidy for the powe
Published 15 Mar, 2017 12:00am
Government-IPPs standoff likely to persist

Government-IPPs standoff likely to persist

The current standoff between the Independent Power Producers (IPPs) and the federal government on nonpayment of overdue amount is likely to continue till announcement of federal budget 2017-18 as Finance Ministry has stopped releasing subsidy for the powe
Published 15 Mar, 2017 12:00am
Family of Trump son-in-law in $4 billion deal with Chinese company

Family of Trump son-in-law in $4 billion deal with Chinese company

A company owned by the family of President Donald Trump''s son-in-law, Jared Kushner, is set to receive more than $400 million from a Chinese firm that is investing in its Manhattan office tower, Bloomberg reported Monday. The Kushner Companies deal with
Published 15 Mar, 2017 12:00am
Family of Trump son-in-law in $4 billion deal with Chinese company

Family of Trump son-in-law in $4 billion deal with Chinese company

A company owned by the family of President Donald Trump's son-in-law, Jared Kushner, is set to receive more than $400 million from a Chinese firm that is investing in its Manhattan office tower, Bloomberg reported Monday. The Kushner Companies deal with A
Published 15 Mar, 2017 12:00am
Family of Trump son-in-law in $4 billion deal with Chinese company

Family of Trump son-in-law in $4 billion deal with Chinese company

A company owned by the family of President Donald Trump's son-in-law, Jared Kushner, is set to receive more than $400 million from a Chinese firm that is investing in its Manhattan office tower, Bloomberg reported Monday. The Kushner Companies deal with A
Published 15 Mar, 2017 12:00am
BRIndex30 up 64.72 points

BRIndex30 up 64.72 points

On Tuesday, BRIndex30 opened at 27,467.52 points. It touched an intraday high of 27,651.14 points and an intraday low of 27,078.88 points and closed at 27,532.24 points which was 64.72 points or 0.24 percent higher than previous close. Total volume was 11
Published 15 Mar, 2017 12:00am
BRIndex30 up 64.72 points

BRIndex30 up 64.72 points

On Tuesday, BRIndex30 opened at 27,467.52 points. It touched an intraday high of 27,651.14 points and an intraday low of 27,078.88 points and closed at 27,532.24 points which was 64.72 points or 0.24 percent higher than previous close. Total volume was 11
Published 15 Mar, 2017 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 15 Mar, 2017 12:00am
PSX stays bearish
Currency

PSX stays bearish

A bearish trend continued on Pakistan Stock Exchange (PSX) Tuesday. The benchmark KSE-100 index lost another 116.66 points to close at 48,539.06 points. The market remained under heavy pressure throughout the day and the index hit 48,062.16 points intra-d
Published 15 Mar, 2017 12:00am
PSX stays bearish
Currency

PSX stays bearish

A bearish trend continued on Pakistan Stock Exchange (PSX) Tuesday. The benchmark KSE-100 index lost another 116.66 points to close at 48,539.06 points. The market remained under heavy pressure throughout the day and the index hit 48,062.16 points intra-d
Published 15 Mar, 2017 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 15 Mar, 2017 12:00am
PSX stays bearish
Currency

PSX stays bearish

A bearish trend continued on Pakistan Stock Exchange (PSX) Tuesday. The benchmark KSE-100 index lost another 116.66 points to close at 48,539.06 points. The market remained under heavy pressure throughout the day and the index hit 48,062.16 points intra-d
Published 15 Mar, 2017 12:00am
Sale of aircraft engines: PIA decides to float separate tender

Sale of aircraft engines: PIA decides to float separate tender

Pakistan International Airlines (PIA) has decided to float a separate tender for the sale of engines of all four grounded A-310 aircraft in order to generate an additional US$30 million approximately; it was learnt. The decision was made after the allegat
Published 15 Mar, 2017 12:00am
Sale of aircraft engines: PIA decides to float separate tender

Sale of aircraft engines: PIA decides to float separate tender

Pakistan International Airlines (PIA) has decided to float a separate tender for the sale of engines of all four grounded A-310 aircraft in order to generate an additional US$30 million approximately; it was learnt. The decision was made after the allegat
Published 15 Mar, 2017 12:00am
Sale of aircraft engines: PIA decides to float separate tender

Sale of aircraft engines: PIA decides to float separate tender

Pakistan International Airlines (PIA) has decided to float a separate tender for the sale of engines of all four grounded A-310 aircraft in order to generate an additional US$30 million approximately; it was learnt. The decision was made after the allegat
Published 15 Mar, 2017 12:00am
BHC orders inclusion of Baloch IDPs in census

BHC orders inclusion of Baloch IDPs in census

The Balochistan High Court on Tuesday directed the federal and provincial governments not to include Afghan refugees in the population census scheduled to start from March 15. The BHC also directed the concerned quarters to include the internally displace
Published 15 Mar, 2017 12:00am
BHC orders inclusion of Baloch IDPs in census

BHC orders inclusion of Baloch IDPs in census

The Balochistan High Court on Tuesday directed the federal and provincial governments not to include Afghan refugees in the population census scheduled to start from March 15. The BHC also directed the concerned quarters to include the internally displace
Published 15 Mar, 2017 12:00am
6th population census begins today

6th population census begins today

The first phase of the 6th National Population Census will begin in sixty- three districts across the country from today (Wednesday). In this phase, the census will be conducted in sixteen districts of Punjab, eight districts of Sindh, fourteen districts
Published 15 Mar, 2017 12:00am
6th population census begins today

6th population census begins today

The first phase of the 6th National Population Census will begin in sixty- three districts across the country from today (Wednesday). In this phase, the census will be conducted in sixteen districts of Punjab, eight districts of Sindh, fourteen districts
Published 15 Mar, 2017 12:00am
Census form: SC questions absence of column

Census form: SC questions absence of column

The Supreme Court on Tuesday asked the federation to explain reasons by March 16 behind the exclusion of a column relating to disabled persons from the census form. Appearing before a three-judge bench comprising Chief Justice Mian Saqib Nisar, Justice Ma
Published 15 Mar, 2017 12:00am
Census form: SC questions absence of column

Census form: SC questions absence of column

The Supreme Court on Tuesday asked the federation to explain reasons by March 16 behind the exclusion of a column relating to disabled persons from the census form. Appearing before a three-judge bench comprising Chief Justice Mian Saqib Nisar, Justice Ma
Published 15 Mar, 2017 12:00am
CoAS on five-day visit to China

CoAS on five-day visit to China

Chief of Army Staff (CoAS) General Qamar Javed Bajwa will arrive here on a five-day official visit to China on Wednesday. Director General, ISPR, Major General Asif Ghafoor told APP here that during his stay, the CoAS would hold meetings with the Chinese
Published 15 Mar, 2017 12:00am
CoAS on five-day visit to China

CoAS on five-day visit to China

Chief of Army Staff (CoAS) General Qamar Javed Bajwa will arrive here on a five-day official visit to China on Wednesday. Director General, ISPR, Major General Asif Ghafoor told APP here that during his stay, the CoAS would hold meetings with the Chinese
Published 15 Mar, 2017 12:00am
Trump gives CIA power to conduct drone strikes

Trump gives CIA power to conduct drone strikes

President Donald Trump's administration has given new powers to the CIA to conduct drone strikes against extremist targets in the Middle East, the Wall Street Journal reported Tuesday. The move would represent a change from Obama-era policies that limited
Published 15 Mar, 2017 12:00am
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