News Archives for Print - 2017-04-21 - Business Recorder

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اردو

Apr 18, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Print - 2017-04-21

Interview with the founder of K&N's poultry group: Why Pakistan's poultry exports aren't taking off?

Interview with the founder of K&N's poultry group: Why Pakistan's poultry exports aren't taking off?

Earlier this month, BR Research wrote a column on Pakistan's meat exports, wondering why the country isn't tapping the huge potential of poultry exports. To help answer that question, we met Khalil Sattar - the founder and CEO of K&N's, the family-owned f

Published 21 Apr, 2017 12:00am

LIBOR calculating interest on US dollar

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Thursday (April 20, 2017).

Published 21 Apr, 2017 12:00am

PM must step down for at least 60 days: Imran

PM must step down for at least 60 days: Imran

Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan on Thursday demanded resignation of Prime Minister Nawaz Sharif, saying he has no moral ground to rule the country after the Panama Leaks case verdict. He paid glowing tributes to the apex court but at th

Published 21 Apr, 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 Thursday (April 20, 2017).

Published 21 Apr, 2017 12:00am

Zardari rejects verdict, asks Prime Minister to quit

Zardari rejects verdict, asks Prime Minister to quit

Co-Chairman Pakistan Peoples Party Parliamenta-rians (PPPP) Asif Ali Zardari on Thursday rejected the decision of Supreme Court in the Panama Leaks case and said that Prime Minister Nawaz Sharif should resign as he has lost moral ground after apex court's

Published 21 Apr, 2017 12:00am

Conversion for foreign currency deposits

Currency

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Thursday (April 20, 2017).

Published 21 Apr, 2017 12:00am

Zardari rejects verdict, asks Prime Minister to quit

Zardari rejects verdict, asks Prime Minister to quit

Co-Chairman Pakistan Peoples Party Parliamenta-rians (PPPP) Asif Ali Zardari on Thursday rejected the decision of Supreme Court in the Panama Leaks case and said that Prime Minister Nawaz Sharif should resign as he has lost moral ground after apex court's

Published 21 Apr, 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 Thursday (April 20, 2017).

Published 21 Apr, 2017 12:00am

Prime Minister Sharif given reprieve, but still faces prospect of disqualification

Prime Minister Sharif given reprieve, but still faces prospect of disqualification

Announcing its reserved verdict in Panama Papers case on Thursday, the Supreme Court issued directives to concerned authorities to form a joint investigation team (JIT) to probe corruption allegations against Prime Minister Nawaz Sharif and his two sons i

Published 21 Apr, 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 21 Apr, 2017 12:00am

Prime Minister Sharif given reprieve, but still faces prospect of disqualification

Prime Minister Sharif given reprieve, but still faces prospect of disqualification

Announcing its reserved verdict in Panama Papers case on Thursday, the Supreme Court issued directives to concerned authorities to form a joint investigation team (JIT) to probe corruption allegations against Prime Minister Nawaz Sharif and his two sons i

Published 21 Apr, 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 21 Apr, 2017 12:00am

Rouhani among six candidates selected for Iran election

Rouhani among six candidates selected for Iran election

President Hassan Rouhani was among six candidates approved Thursday by Iran's conservative-dominated Guardian Council to run in next month's election while former leader Mahmoud Ahmadinejad was barred, state media reported.

Published 21 Apr, 2017 12:00am

Three containers of banned firecrackers seized

Three containers of banned firecrackers seized

Directorate General of Intelligence & Investigation Customs has seized three containers of banned firecrackers having explosive material at West and East Wharves of Karachi Port.

Published 21 Apr, 2017 12:00am

Rouhani among six candidates selected for Iran election

Rouhani among six candidates selected for Iran election

President Hassan Rouhani was among six candidates approved Thursday by Iran's conservative-dominated Guardian Council to run in next month's election while former leader Mahmoud Ahmadinejad was barred, state media reported.

Published 21 Apr, 2017 12:00am

Cocoa falls to 9-1/2 year low

Cocoa falls to 9-1/2 year low

New York cocoa futures fell sharply to a 9-1/2 year low on Thursday while London prices slid to the weakest levels in more than four years as technically driven selling helped to accelerate a decline driven by excess supplies.

Published 21 Apr, 2017 12:00am

One officer killed in Champs Elysees shooting

One officer killed in Champs Elysees shooting

One police officer was killed and another wounded Thursday in a shooting on Paris's Champs Elysees, police said, just days ahead of France's presidential election.

Published 21 Apr, 2017 12:00am

Interview with the founder of K&N's poultry group: Why Pakistan's poultry exports aren't taking off?

Interview with the founder of K&N's poultry group: Why Pakistan's poultry exports aren't taking off?

Earlier this month, BR Research wrote a column on Pakistan's meat exports, wondering why the country isn't tapping the huge potential of poultry exports. To help answer that question, we met Khalil Sattar - the founder and CEO of K&N's, the family-owned f

Published 21 Apr, 2017 12:00am

One officer killed in Champs Elysees shooting

One officer killed in Champs Elysees shooting

One police officer was killed and another wounded Thursday in a shooting on Paris's Champs Elysees, police said, just days ahead of France's presidential election.

Published 21 Apr, 2017 12:00am

Energy scenario - no solution in sight - II

Energy scenario - no solution in sight - II

The latest decision of winding up of Textile City near Port Qasim is a vivid example of shortsightedness (BR April 17) as such projects involving district energy are the only way to ensure high efficiency utilization of energy source but due to incompeten

Published 21 Apr, 2017 12:00am

Nervous investors prepare for possible French election upset

Currency

Nervous investors prepare for possible French election upset

France's presidential election is being nervously watched by investors, who are quietly preparing for the aftershocks of a possible upset by far-right leader Marine Le Pen or leftwinger Jean-Luc Melenchon, both arch-critics of the EU.

Published 21 Apr, 2017 12:00am

Uzair 'the smoking gun'?

Uzair 'the smoking gun'?

Lyari mobster, crime boss and political worker Uzair Jan Baloch, the former chief of the militant group formed by the Pakistan People's Party (PPP), the Peoples' Aman Committee (PAC), was acquitted for attempted murder and robbery by a Sessions Court on A

Published 21 Apr, 2017 12:00am

Meaningful budget proposals

Meaningful budget proposals

Every year before the announcement of annual federal budget, a plethora of proposals are received by the Federal Board of Revenue (FBR) from trade and professional bodies, tax bars and industry's representatives.

Published 21 Apr, 2017 12:00am

FIA's disgraceful conduct

FIA's disgraceful conduct

What took place at the nation's capital city airport on April 15 should make all Pakistanis hang their heads in shame. According to press reports, following an argument over missing toilet paper from the washroom (something common at local airports and re

Published 21 Apr, 2017 12:00am

Facilitating trade between Pakistan and Iran

Currency

Facilitating trade between Pakistan and Iran

The lifting of sanctions on Iran has provided an opportunity to the State Bank of Pakistan and its counterpart in Iran, Bank Markazi Jamhouri Islami Iran (BMJII), to ink the necessary accord to facilitate trade. The agreement was signed between SBP Deputy

Published 21 Apr, 2017 12:00am

The split verdict

The split verdict

The much-awaited verdict by the Supreme Court on the Panama Papers case has finally come, and it may please or displease the contestants depending on how they look at it. It has settled some issues but left open for contention many others for yet another

Published 21 Apr, 2017 12:00am

Soybean imports down six percent

Soybean imports down six percent

European Union soybean imports in the 2016/17 season had reached 10.6 million tonnes by April 18, down 6 percent from 11.3 million at the same stage last season, official data showed on Thursday. In soymeal, cumulative EU imports so far in 2016/17 were 14

Published 21 Apr, 2017 12:00am

Copper and zinc push higher as speculators return to market

Copper and zinc push higher as speculators return to market

Copper, zinc and other base metal prices gained on Thursday as investors, speculators and consumers resumed buying after recent losses, expecting increased seasonal demand.

Published 21 Apr, 2017 12:00am

Oil prices mixed in choppy trade, rising US production weighs

Oil prices mixed in choppy trade, rising US production weighs

Oil prices were mixed on Thursday in a seesaw trading session, as investors weighed rising US production against comments from leading Gulf oil producers that an extension to OPEC-led supply cuts was likely.

Published 21 Apr, 2017 12:00am

Hong Kong stocks rebound

Hong Kong stocks rebound

Hong Kong stocks rebounded modestly on Thursday along with global equity markets, though gains were capped by uncertainty over the French presidential election at the weekend and tensions with North Korea. Lower oil prices also dragged on shares of energy

Published 21 Apr, 2017 12:00am

Wheat harvesting season inaugurated: PML-N government always protect interests of farmers: Shahbaz

Cotton

Wheat harvesting season inaugurated: PML-N government always protect interests of farmers: Shahbaz

Punjab Chief Minister Shehbaz Sharif while inaugurating the wheat harvesting season 2017 on Thursday said that Prime Minister Nawaz Sharif-led government has always protected the interests of farmers and will continue to do in future as well.

Published 21 Apr, 2017 12:00am

PIA to introduce Karachi-London flight daily from April 25

PIA to introduce Karachi-London flight daily from April 25

Pakistan International Airlines (PIA) has announced to introduce daily flight to London from Karachi from April 25, 2017. According to PIA, the airline is introducing flight to London from Karachi from April 25, 2017.

Published 21 Apr, 2017 12:00am

Hannover Messe: PAAPAM members to showcase products

Hannover Messe: PAAPAM members to showcase products

Pakistan Association of Auto Parts and Accessories Manufacturers (PAAPAM) is going to participate in Hannover Messe, the world's biggest industrial fair to be held in Germany from April 24-28, 2017.

Published 21 Apr, 2017 12:00am

US Consulate members meet Mayor Karachi

US Consulate members meet Mayor Karachi

Commercial Officer of US Consulate Stephen P Knode along with Head of Political and Economic Section Edward JB. Burkhalter called on Mayor Karachi Wasim Akhtar at his office here. Deputy Mayor Dr Arshad Abdullah Vohra, Financial Adviser Khalid Mehmood Sha

Published 21 Apr, 2017 12:00am

Border at Angoor Adda opens

Border at Angoor Adda opens

Following the opening of Torkhum border in Khyber Agency and Chaman border in Balochistan, the Pak-Afghan border at Angoor Adda in South Waziristan Agency (SWA) has opened. Collector custom Peshawar Qurban Ali reportedly on Thursday said that initially, t

Published 21 Apr, 2017 12:00am

PM has lost moral ground to rule: PTI

PM has lost moral ground to rule: PTI

Accepting the Supreme Court verdict in the Panama Papers case, Pakistan Tehreek-e-Insaf (PTI) senior leadership said that Prime Minister Nawaz Sharif has lost the moral ground to rule the country anymore and demanded his immediate resignation to ensure sm

Published 21 Apr, 2017 12:00am

Musharraf asks PM to step down

Musharraf asks PM to step down

Chairman, All Pakistan Muslim League (APML) Gen. retd Pervez Musharraf while commenting on the much awaited decision in Panama case has said that Mian Nawaz Sharif has lost his moral authority to remain as Prime Minister of Pakistan and he must step down.

Published 21 Apr, 2017 12:00am

Musharraf asks PM to step down

Musharraf asks PM to step down

Chairman, All Pakistan Muslim League (APML) Gen. retd Pervez Musharraf while commenting on the much awaited decision in Panama case has said that Mian Nawaz Sharif has lost his moral authority to remain as Prime Minister of Pakistan and he must step down.

Published 21 Apr, 2017 12:00am

China assures all-out support to KPK for development

China assures all-out support to KPK for development

President, China-Pakistan Friendship Association, Sha Zhu Kang assured Chief Minister, Khyber-Pakhtunkhwa Pervez Khattak that his country would extend all out support to his province for its rapid development under CPEC.He said the Chinese companies will

Published 21 Apr, 2017 12:00am

Shah convenes opposition legislators' meeting today

Shah convenes opposition legislators' meeting today

Leader of Opposition in the National Assembly Syed Khursheed Shah has convened a meeting of all the parliamentarians, both MNAs and senators, of opposition parties on Friday morning at 9:30am in the Parliament House to devise a joint strategy against the

Published 21 Apr, 2017 12:00am

PML-N workers celebrate 'victory'

PML-N workers celebrate 'victory'

Pakistan Muslim League-Nawaz (PML-N) workers on Thursday thronged the streets of the federal capital to celebrate the party's "victory" in Panama Papers case in the Supreme Court.

Published 21 Apr, 2017 12:00am

Sindh turns attention to rural area students

Sindh turns attention to rural area students

Provincial Minister for Education and Literacy, Jam Mehtab Hussain Dahar, has said that Sindh education department is striving hard to provide better education facilities to the students of rural areas of Sindh.

Published 21 Apr, 2017 12:00am

JI chief asks Prime Minister to resign for transparent probe

JI chief asks Prime Minister to resign for transparent probe

Emir Jamaat-e-Islami (JI) Siraj ul Haq on Thursday asked Prime Minister, Nawaz Sharif, to step down to make way for a transparent probe by the joint investigation team (JIT) into the Panama Papers case.

Published 21 Apr, 2017 12:00am

Abduction of Zardari's aides: PPPP walks out of NA for 7th consecutive day

Abduction of Zardari's aides: PPPP walks out of NA for 7th consecutive day

The members of Pakistan Peoples Party Parliamentarians (PPPP) Thursday staged a walkout from National Assembly for the seventh consecutive day in protest against alleged abduction of three close aides of former President Asif Ali Zardari.

Published 21 Apr, 2017 12:00am

IUCN moot discusses business opportunities

IUCN moot discusses business opportunities

The International Union for Conservation of Nature (IUCN) on Thursday held a roundtable meeting in the city to discuss business opportunities stemming from demands for economic growth suited to the climate and nature.

Published 21 Apr, 2017 12:00am

NAB gives Rs 1.1 million cheque to Mepco

NAB gives Rs 1.1 million cheque to Mepco

Director General National Accountability Bureau Lahore Shahzad Saleem handed over cheque amounting to Rs 1.1 million of recovered money from Mepco defaulters to Mepco official. Mepco Sahiwal circle contacted NAB Lahore in 2016 regarding its 40x commercial

Published 21 Apr, 2017 12:00am

Ziauddin University awarded 383 degrees to graduating students

Ziauddin University awarded 383 degrees to graduating students

Ziauddin University on Thursday awarded as many as 383 degrees to the graduating students for various disciplines at the 14th convocation, held at the Expo Centre, here.

Published 21 Apr, 2017 12:00am

Bullets only way to deal with Kashmiri youth: BJP minister

Bullets only way to deal with Kashmiri youth: BJP minister

In total disrespect to human values and democratic norms, puppet senior minister from Bharatiya Janata Party (BJP), Chandra Prakash Ganga, has said the youth in Kashmir should be dealt with bullets.

Published 21 Apr, 2017 12:00am

USAID to hold conference on research on reading

USAID to hold conference on research on reading

The USAID-funded Pakistan Reading Project convened Provincial and Federal Education officials for a National Conference on Research on Reading in Pakistan. Experts presented data, findings, and recommendations from research studies on reading in Pakistan,

Published 21 Apr, 2017 12:00am

5640 kanal retrieved from illegal occupants: OPC

5640 kanal retrieved from illegal occupants: OPC

As a result of the efforts made by the Overseas Pakistanis Commission (OPC) Punjab, as many as 5640 Kanal of land and other built up properties, worth billions of rupees have been retrieved from the illegal occupants.

Published 21 Apr, 2017 12:00am

MONITORING DESK

MONITORING DESK

Jam Madad Ali of the PPP has been elected Member of Provincial Assembly after having trounced his close rival Jam Nafees of the PML-F in the by-election from PS-81 (Sanghar district) on Thursday, Aaj News reported.

Published 21 Apr, 2017 12:00am

Lahore Zoo begins animals' procurement excluding giraffes

Lahore Zoo begins animals' procurement excluding giraffes

After receiving several complaints regarding limited number of animals, the Lahore Zoological Garden has started a new process for animals' procurement by excluding the long-awaited giraffes which were not seen there since 2015.

Published 21 Apr, 2017 12:00am

E-monitoring of cigarette makers: Revised RfP for hiring a firm to be finalised this month

E-monitoring of cigarette makers: Revised RfP for hiring a firm to be finalised this month

The government has decided that the revised Request for Proposal (RfP) for hiring a reputable company for electronic monitoring of cigarette manufacturing companies would be finalized in April 2017.

Published 21 Apr, 2017 12:00am

NDF proposes setting up Pak-Malaysia C'wealth centre

NDF proposes setting up Pak-Malaysia C'wealth centre

The National Democratic Foundation (NDF) organized a dinner in the honour of His Excellency Dr. Dato Lim Siow Jin, Founder and CEO of DXN International Malaysia.

Published 21 Apr, 2017 12:00am

Glawyer: Indian AG's defence to human shield unjustified: HCBA

Glawyer: Indian AG's defence to human shield unjustified: HCBA

The High Court Bar Association (HCBA) on Thursday termed the Indian Attorney General's statement, defending army for tying a youth to bonnet of a jeep, as unjustified and asked him to advise Indian government to protect and not violate human rights in the

Published 21 Apr, 2017 12:00am

Argentina says EU may rethink Falklands stance post-Brexit

Argentina says EU may rethink Falklands stance post-Brexit

The EU could re-evaluate its position on the disputed Falkland Islands after Britain leaves the bloc, Argentina's foreign minister said Thursday. Argentina claims sovereignty over the British-governed islands in the south Atlantic, over which the two nati

Published 21 Apr, 2017 12:00am

New South African alliance calls for Zuma's exit

New South African alliance calls for Zuma's exit

South African opposition parties, religious groups and civil society activists on Thursday launched a new alliance to try to force President Jacob Zuma to step down.

Published 21 Apr, 2017 12:00am

Austria's Kern gets burned with pizza stunt

Austria's Kern gets burned with pizza stunt

The Austrian chancellor's efforts to boost his popularity by posing as a pizza delivery man were starting to look half-baked Thursday after claims that the stunt was staged. A slick video shows Christian Kern ringing on doorbells and surprising people wit

Published 21 Apr, 2017 12:00am

Kenya leader warns against violence as poll fever hits

Kenya leader warns against violence as poll fever hits

Kenyan President Uhuru Kenyatta warned Thursday against violence as election season gets into full swing, with chaotic party primaries already leading to bloody scuffles.

Published 21 Apr, 2017 12:00am

Italy prosecutors urge top court to jail Costa shipwreck skipper

Italy prosecutors urge top court to jail Costa shipwreck skipper

Italian prosecutors called on the country's highest court Thursday to drive home a guilty verdict against Francesco Schettino, the captain of the Costa Concordia cruise ship that sank in 2012 leaving 32 people dead.

Published 21 Apr, 2017 12:00am

Iran bans live election debates

Iran bans live election debates

Iran's interior ministry said Thursday there would be no live debates in the run-up to next month's presidential election. "Based on a decision by the Election Campaign Monitoring Commission, the election debates of the candidates will be broadcast pre-re

Published 21 Apr, 2017 12:00am

Iraq summons Turkish envoy over Erdogan interview

Iraq summons Turkish envoy over Erdogan interview

Iraq's foreign ministry has summoned the Turkish ambassador over an interview in which Turkish President Recep Tayyip Erdogan described an Iraqi paramilitary organisation as "terrorist", officials said Thursday. "The foreign ministry has decided to summon

Published 21 Apr, 2017 12:00am

Pence tours Indonesian mosque in outreach to Muslims

Pence tours Indonesian mosque in outreach to Muslims

US Vice President Mike Pence on Thursday toured the biggest mosque in Muslim-majority Indonesia during a visit seen as a highly symbolic gesture from an administration that has been accused of stoking Islamophobia.

Published 21 Apr, 2017 12:00am

Watchdog rejects Russian bid for new Syria attack probe

Watchdog rejects Russian bid for new Syria attack probe

The global chemical arms watchdog Thursday "overwhelmingly" rejected a Russian-Iranian move to launch a new investigation into a suspected chemical attack in Syria, delegates said, backing the probe already underway.

Published 21 Apr, 2017 12:00am

Erdogan revives spectre of death penalty in Turkey

Erdogan revives spectre of death penalty in Turkey

"What George, Hans or Helga say does not interest us!" roars Turkish President Recep Tayyip Erdogan. "What counts for us is what Ayse, Murat, Mehmet, Hatice say! What Allah says!"

Published 21 Apr, 2017 12:00am

New Zealand rises, Aussie near two-week lows

New Zealand rises, Aussie near two-week lows

The New Zealand dollar climbed on Thursday after first-quarter inflation accelerated to a surprisingly brisk 2.2 percent, the fastest in five years, leading investors to slightly narrow the odds on a future rate hike. The New Zealand dollar was up 0.5 per

Published 21 Apr, 2017 12:00am

Election optimism keeps sterling strong against dollar

Currency

Election optimism keeps sterling strong against dollar

Sterling rose against a broadly weaker dollar on Thursday, with polls showing British Prime Minister Theresa May on course to win a landslide in June's snap election cementing the view that she will get a stronger mandate for two years of Brexit talks.

Published 21 Apr, 2017 12:00am

Bangladesh interbank forex rates

Bangladesh interbank forex rates

Inter bank buy/sell rates for the taka against the dollar on Thursday.

Published 21 Apr, 2017 12:00am

Rupiah slips on Jakarta election result

Currency

Rupiah slips on Jakarta election result

Indonesian rupiah, the biggest loser among Asian currencies, fell 0.26 percent to trade at 13,330 on Thursday when polls showed that Basuki Tjahaja Purnama lost his bid for re-election as governor of Jakarta to Anies Baswedan - a former education minister

Published 21 Apr, 2017 12:00am

Rupiah slips on Jakarta election result

Currency

Rupiah slips on Jakarta election result

Indonesian rupiah, the biggest loser among Asian currencies, fell 0.26 percent to trade at 13,330 on Thursday when polls showed that Basuki Tjahaja Purnama lost his bid for re-election as governor of Jakarta to Anies Baswedan - a former education minister

Published 21 Apr, 2017 12:00am

Sri Lankan rupee ends weaker

Currency

Sri Lankan rupee ends weaker

The Sri Lankan rupee closed lower for a second day on Wednesday as dollar demand from importers surged amid low supply of the greenback, dealers said. Rupee forwards were active, with two-week forwards closing at 153.40/50 per dollar, compared with Tuesda

Published 21 Apr, 2017 12:00am

Dollar rebounds from three-week low; sterling retreats

Dollar rebounds from three-week low; sterling retreats

The dollar recovered on Wednesday, a day after hitting a three-week low against major currencies on lowered expectations for US interest rate hikes and concerns about President Donald Trump's ability to deliver a promised fiscal boost.

Published 21 Apr, 2017 12:00am

Euro rises as French election jitters abate

Currency

Euro rises as French election jitters abate

The euro rose to a three-week high against the US dollar on Thursday as some traders shut down broad bets against the common currency ahead of the first round of the French presidential elections on Sunday. The dollar remained weak against a basket of maj

Published 21 Apr, 2017 12:00am

Dollar edges away from recent lows with French vote in focus

Currency

Dollar edges away from recent lows with French vote in focus

The dollar caught its breath in Asian trading on Thursday, holding above lows hit earlier this week as investors anxiously awaited this weekend's first round of presidential voting in France.

Published 21 Apr, 2017 12:00am

Yuan steadies, regulator says outflows sharply eased

Yuan steadies, regulator says outflows sharply eased

China's yuan was largely steady against the US dollar on Thursday after the country's foreign exchange regulator said capital outflows had eased significantly in the first quarter.

Published 21 Apr, 2017 12:00am

Canadian dollar holds at one-month low

Canadian dollar holds at one-month low

The Canadian dollar was little changed at a one-month low against its US counterpart on Thursday after two days of sharp losses, as oil prices steadied and domestic bond yields picked up slightly more than Treasuries. At 8:46 a.m. ET (1246 GMT), the Canad

Published 21 Apr, 2017 12:00am

PARTLY FACETIOUS: Taking off maunds of fat!

PARTLY FACETIOUS: Taking off maunds of fat!

"You know who Adnan Sami reminds me of?"

Published 21 Apr, 2017 12:00am

Soneri Bank wins PAS award

Soneri Bank wins PAS award

Soneri Bank won the "Best in Print Category" award at the Pakistan Advertisers Society (PAS) Annual Award Ceremony held at Expo Centre on April 15. PAS Awards are held annually to award the best performing brands in different categories for excellence in

Published 21 Apr, 2017 12:00am

Standard Chartered exceeds one year target for goal beneficiaries

Standard Chartered exceeds one year target for goal beneficiaries

Standard Chartered Pakistan has exceeds one year target for Goal beneficiaries in Pakistan. While, celebrating the one year of Goal in Pakistan, Shahzad Dada Chief Executive Officer Standard Chartered Pakistan said that Standard Chartered launched Goal in

Published 21 Apr, 2017 12:00am

Plea to remove fuust vice chancellor on plagiarism charges

Plea to remove fuust vice chancellor on plagiarism charges

Some members of rights groups on Thursday demanded the dismissal of the acting vice chancellor of the Federal Urdu University, Dr Suleman D. Muhammad, after the PhD thesis with which he earned him his doctorate was proved to have been plagiarized.

Published 21 Apr, 2017 12:00am

Murad says ready to grant Punjab-like powers to Rangers

Murad says ready to grant Punjab-like powers to Rangers

Chief Minister Sindh Syed Murad Ali Shah while briefing the Pakistan People's Party leadership and senior leaders at the Zardari House in Islamabad said that he has sought a copy of notification of Ranger powers in Punjab from the federal government which

Published 21 Apr, 2017 12:00am

Call for another look at wheat economy

Call for another look at wheat economy

The president of the Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain, has emphasized the need for the government to carefully analyze the whole wheat economy and decisions should be made in the best interests of masses.

Published 21 Apr, 2017 12:00am

PAT of ICI Pakistan up to Rs 860.177 million

PAT of ICI Pakistan up to Rs 860.177 million

The profit after tax of ICI Pakistan has increased to Rs 860.177 million in the quarter ended March 31, 2017 as compared to Rs 724.130 million earned in the corresponding period in 2016.

Published 21 Apr, 2017 12:00am

HBL declares profit of Rs 9.1 billion

HBL declares profit of Rs 9.1 billion

HBL on Thursday declared a consolidated profit after tax of Rs 9.1 billion for the first quarter of 2017, with earnings per share of Rs 6.16. Along with the results, the Bank declared a dividend of Rs 3.5 per share (35 percent).

Published 21 Apr, 2017 12:00am

CEJ-IBA holds national media conference

CEJ-IBA holds national media conference

Speakers at the National Media Conference said virtual reality in future would enable news consumers to feel instead of watching TV or reading newspapers.

Published 21 Apr, 2017 12:00am

'Fire, Rescue and Emergency Planning Authority' proposed

'Fire, Rescue and Emergency Planning Authority' proposed

Muhammad Jawed Bilwani, chief coordinator of Karachi Industrial Forum (KIF) and chairman of Pakistan Apparel Forum has urged the Sindh Chief Minister Syed Murad Ali Shah to establish 'Fire, Rescue and Emergency Planning Authority' in the larger interest o

Published 21 Apr, 2017 12:00am

NBFCs must report investment details of companies: SECP

NBFCs must report investment details of companies: SECP

The Securities and Exchange Commission of Pakistan (SECP) has made it mandatory for all Non-Banking Finance Companies (NBFCs) to report investors/investment details of companies having investment of Rs 100 million and above, trust, Rs 50 million and above

Published 21 Apr, 2017 12:00am

NBFCs must report investment details of companies: SECP

NBFCs must report investment details of companies: SECP

The Securities and Exchange Commission of Pakistan (SECP) has made it mandatory for all Non-Banking Finance Companies (NBFCs) to report investors/investment details of companies having investment of Rs 100 million and above, trust, Rs 50 million and above

Published 21 Apr, 2017 12:00am

Larkana sizzles at 49.5 degrees Celsius

Larkana sizzles at 49.5 degrees Celsius

Upper Sindh on Thursday continued to sizzle for the second consecutive day with a maximum temperature of 49.5 degrees Celsius, as dust-thunderstorm with rain is expected for upcountry in the next 24 hours.

Published 21 Apr, 2017 12:00am

Billing process: K-Electric claims complete transparency

Billing process: K-Electric claims complete transparency

K-Electric (KE) that says it is Pakistan's only vertically integrated private utility has rejected the claims being made by certain quarters of excessive collection by KE as baseless and contrary to the factual position.

Published 21 Apr, 2017 12:00am

Complaints against officials: FBR to set up 'council of complaints'

Complaints against officials: FBR to set up 'council of complaints'

The Federal Board of Revenue (FBR) has decided to establish 'council of complaints' with the mandate to scrutinise the serious complaints filed against the officers/officials of the FBR.

Published 21 Apr, 2017 12:00am

PTC deposits Rs 15 billion federal taxes to FBR

PTC deposits Rs 15 billion federal taxes to FBR

A leading multinational cigarette manufacturing company has deposited Rs 15 billion federal taxes to the Federal Board of Revenue (FBR) during January-March (first quarter) of 2017.

Published 21 Apr, 2017 12:00am

'CPEC serves identical interests for Pakistan, China'

'CPEC serves identical interests for Pakistan, China'

Speakers on Thursday have said that China-Pakistan Economic Corridor (CPEC) serves identical interests for Pakistan and China as both the countries desire to develop their provinces Balochistan and Xinjiang through this project.

Published 21 Apr, 2017 12:00am

98 held on charges of illegaly crossing Pak-Iran border

98 held on charges of illegaly crossing Pak-Iran border

Pakistan Coasts Guards having expedited its patrolling along the coastal belt, to supplement the ongoing "Radd-ul-Fassad" operation, arrested 98 men trying to cross the Pak-Iran Border without proper and legal documents.

Published 21 Apr, 2017 12:00am

Mashal murder case: seven sent on judicial remand

Mashal murder case: seven sent on judicial remand

Local police has produced seven suspected persons in Mashal murder case in to the local court after completing four days physical remand and court sent them to Central Jail Mardan on judicial remand, police sources said.

Published 21 Apr, 2017 12:00am

PN flotilla visits Male

PN flotilla visits Male

Pakistan Navy flotilla comprising multi-mission frigate PNS SAIF and combat support ship PNS NASR is on an Overseas Deployment to South East Asian countries under the command of Commodore Zaka Ur Rehman SI(M), Commander 25th Destroyer Squadron as mission

Published 21 Apr, 2017 12:00am

Hutchison Ports Pakistan sets new vessel handling record

Hutchison Ports Pakistan sets new vessel handling record

Hutchison Ports Pakistan, the country's first deep-water container terminal, has received the first call of the Hyundai Splendour, the largest container ship to have ever visited the terminal.

Published 21 Apr, 2017 12:00am

CPPA-G seeks reduction of Rs 4.60 per unit in tariff

CPPA-G seeks reduction of Rs 4.60 per unit in tariff

Central Power Purchasing Agency-Guaranteed (CPPA-G) has sought cumulative reduction of Rs 4.60 per unit (Rs 2.398 per unit for February 2017 and Rs 2.2 per unit for March 2017) in tariff of Discos under monthly fuel price adjustment mechanism.

Published 21 Apr, 2017 12:00am

Consultative session organized to strengthen M&E system of Punjab

Consultative session organized to strengthen M&E system of Punjab

The Directorate General Monitoring & Evaluation, Planning and Development Punjab organized a consultative session for strengthening the Monitoring & Evaluation (M&E) system of Punjab.

Published 21 Apr, 2017 12:00am

PACP organises special session for epidemiologists

PACP organises special session for epidemiologists

The Punjab AIDS Control Program (PACP) organized a special session for epidemiologists, HIV/AIDS experts, molecular biologists/virologists and psychologists with renowned international consultant and researcher on HIV/AIDs Dr. Mobin Rathore, at the PACP C

Published 21 Apr, 2017 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 17	280.67
USD PKR Interbank Buying / Apr 17	280.47
USD to Japanese Yen / Apr 17	142.81
USD to Swiss Franc / Apr 17	0.82
Pound Sterling to USD / Apr 17	1.32
Euro to USD / Apr 17	1.14
UK LIBOR % / Apr 16	4.96

Stock	Volume
S&P 500 / Apr 16	5,275.70
Nasdaq / Apr 16	16,307.16
Dow Jones / Apr 16	39,669.39
India Sensex / Apr 17	77,621.26
Tokyo Nikkei / Apr 17	34,285.53
Hang Seng / Apr 17	21,352.47
FTSE 100 / Apr 17	8,207.23
Germany DAX 30 / Apr 17	21,240.89
France CAC40 / Apr 17	7,290.96

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 16	16,985
Gold 10 Grams PKR / Apr 16	298,353
Crude Oil USD/Barrel / Apr 17	63.25
Gold Spot USD/Ounce / Apr 17	3,331.95
Cotton US¢/pound / Apr 17	66.66
Petrol/Litre / Apr 18	254.63
Diesel/Litre / Apr 18	258.64

Gainers
Losers
Leaders

Stock	Price
Ghazi Fabrics / Apr 17 Ghazi Fabrics International Limited(GFIL)	8.36 ▲ 1 (13.59%)
UDL International / Apr 17 UDL International Limited(UDLI)	8.52 ▲ 1 (13.3%)
Escorts Bank / Apr 17 Escorts Investment Bank Limited(ESBL)	6.84 ▲ 0.76 (12.5%)
Chakwal Spinning / Apr 17 Chakwal Spinning Mills Limited(CWSM)	57.93 ▲ 5.27 (10.01%)
United Brands / Apr 17 United Brands Limited(UBDL)	23.18 ▲ 2.11 (10.01%)
S.S.Oil / Apr 17 S.S.Oil Mills Limited(SSOM)	244.59 ▲ 22.24 (10%)
Pak Gulf Leasing / Apr 17 Pak-Gulf Leasing Company Limited(PGLC)	21.89 ▲ 1.99 (10%)
PIA Holding Co.B / Apr 17 PIA Holding Company Limited B(PIAHCLB)	1,928.97 ▲ 175.36 (10%)
Trust Sec.& Brok. / Apr 17 Trust Securities & Brokerage Limited(TSBL)	13.97 ▲ 1.27 (10%)
Bolan Casting / Apr 17 Bolan Castings Limited(BCL)	104.06 ▲ 9.46 (10%)

Stock	Price
Oilboy Energy(R) / Apr 17 Oilboy Energy Limited(R)(OBOYR2)	1.07 ▼ -0.31 (-22.46%)
Gulshan Sp. / Apr 17 Gulshan Spinning Mills Limited(GSPM)	3.48 ▼ -0.46 (-11.68%)
Blue-Ex Ltd / Apr 17 Blue-Ex Limited (GEM)(GEMBLUEX)	56.69 ▼ -6.29 (-9.99%)
Int. Knit. / Apr 17 International Knitwear Limited(INKL)	14.84 ▼ -1.56 (-9.51%)
Jubilee Gen. Ins. / Apr 17 Jubilee General Insurance Limited(JGICL)	49.52 ▼ -4.7 (-8.67%)
Bawany Air Products / Apr 17 Bawany Air Products Limited(BAPL)	32.39 ▼ -2.92 (-8.27%)
Asim Textile / Apr 17 Asim Textile Mills Limited(ASTM)	13.40 ▼ -1.2 (-8.22%)
Jahangir Sidd(Pref) / Apr 17 Jahangir Sidd(Pref)(JSCLPSA)	8.85 ▼ -0.6 (-6.35%)
Sanghar Sugar / Apr 17 Sanghar Sugar Mills Limited(SANSM)	50.83 ▼ -3.24 (-5.99%)
The Thal Ind.Corp. / Apr 17 The Thal Industries Corporation Limited(TICL)	340.04 ▼ -19.97 (-5.55%)

Stock	Volume
Maple Leaf Cement / Apr 17 Maple Leaf Cement Factory Limited(MLCF)	23,794,610 ▲ 3.81
B.O.Punjab / Apr 17 The Bank of Punjab(BOP)	23,321,095 ▲ 0.15
Cnergyico PK / Apr 17 Cnergyico PK Limited(CNERGY)	17,945,036 ▲ 0.02
Fauji Cement / Apr 17 Fauji Cement Company Limited(FCCL)	16,949,781 ▲ 1.19
National Bank / Apr 17 National Bank of Pakistan(NBP)	16,604,549 ▲ 4.2
WorldCall Telecom / Apr 17 Worldcall Telecom Limited(WTL)	14,865,718 ▲ 0
Pace (Pak) Ltd. / Apr 17 Pace (Pakistan) Limited(PACE)	14,613,210 ▲ 0.21
Sui South Gas / Apr 17 Sui Southern Gas Company Limited(SSGC)	11,876,679 ▲ 1.06
Hascol Petrol / Apr 17 Hascol Petroleum Limited(HASCOL)	10,975,030 ▲ 0.09
United BankXD / Apr 17 United Bank Limited(UBL)	10,968,701 ▲ 16.02

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Asian countries, including Pakistan, look to buy more US energy to offset trade imbalance

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KSE-100 Index closes 881 points higher amid buying momentum

KSE-100 Index closes 881 points higher amid buying momentum

Rs1.275trn loan to tackle circular debt: CPPA-G likely to sign term sheets with 18 banks

Rs1.275trn loan to tackle circular debt: CPPA-G likely to sign term sheets with 18 banks

CCP slaps Rs25m fine on Hyundai for misleading Tucson launch offer

CCP slaps Rs25m fine on Hyundai for misleading Tucson launch offer

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